Seth Carpenter, Morgan Stanley Global Chief Economist, doesn't expect the Fed to cut to zero "even if we did get a mild recession." Julian Emanuel, Evercore ISI Chief Equity & Quantitative Strategist, sees banking pressures lingering for longer as they undergo an "unwind" process from fiscal and monetary expansion. Christopher Marinac, Janney Montgomery Scott Director of Research, discusses regional bank earnings. Libby Cantrill, PIMCO Head of Public Policy, says some investors see the political risk of investing in China increasing. Jonathan Gray, Blackstone President & COO, discusses the firm's first-quarter performance. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance 

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