What'd You Miss This Week

This week, Joe, Scarlet and Julie spoke with Greg Valliere, Horizon Investments Chief Global Strategist, about the feud that he has been warning for months was inevitable: President Trump versus the Fed. Greg pointed out the irony: President Trump now wants a dovish Fed Chair. But, the President already had one. He fired her. Then Bloomberg Opinion Columnist Nathanial Bullard joined to discuss the Trump administration's latest environmental regulation rollback: revoking California's authority to set their own greenhouse gas emission standards. Sandy Darity, a professor in the Sanford School of Public Policy at Duke University, also joined to make the case for a federal jobs guarantee, and said even he is surprised at how much the policy idea is catching on.

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This week, Joe, Scarlet and Julie talked with Peter Conti-Brown, a Fed Historian at the Wharton School, about President Trump's break from precedent when he weighed into monetary policy, and why it's more important than it seems. Then Jens Nordvig, CEO and Founder of Exante Data, came on to discuss what we learned from Jerome Powell's two days of Congressional testimony, and why despite the flattening yield curve, he still sees plenty of stimulus coming down the pipeline. Terry Haines, Evercore ISI Senior Political Strategist, and Peter Tchir, Academy Securities Head of Macro Strategy, joined to have a trade war debate. Are markets being too complacent about tariffs or are they too glued to the headlines? Erika Nardini, CEO of Barstool Sports, also joined to talk about why the more than fifteen-year-old brand she runs is more like a two-year startup.

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This week, Joe, Scarlet and Julie Hyman spoke with Guggeheim Global Chief Investment Officer Scott Minerd about why markets are crazy to ignore the risks of President Trump's trade war. Scott explained why U.S. consumers will be the ones footing the bill, and all the proof they need is their washing machine. Shannon O'Neil, a senior fellow for Latin America Studies at the Council on Foreign Relations and frequent contributor to Bloomberg Opinion, also came on to discuss AMLO's to-do list for when he takes office as Mexico's next president. Then Bill Lee, Chief Economist at the Milken Institute, wrapped things up with his take on the state of the labor market. 

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On What'd You Miss This Week, Joe, Scarlet and Julia got an immigration update with Republican Congressman Jeff Denham of California, about what comes next after multiple bills failed in the House. The Congressman, an almond farmer when he's not on Capitol Hill, also told us how trade tensions were weighing on him and his constituents.  Mauro Leos, Associate Managing Director at Moody's Americas, also joined to recap Andres Manuel Lopez Obrador's historic, landslide win to become Mexico's first left-wing president in decades and explain why the energy sector is one area of concern for investors. Then Tom Lee, Managing Partner and the Head of Research at Fundstrat Global Advisors, came on to discuss why he thinks markets have over-reacted to all the trade headlines and offer his take on bitcoin's fall from grace.

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On What'd You Miss This Week, Joe, Julia, and Julie Hyman who was in for Scarlet, had an exclusive interview with Minneapolis Federal Reserve President Neel Kashkari. It started with a tweet from Joe and ended with him traveling to Minnesota for a cookout in Kashkari's backyard, where the Fed president shared his insights on how to time steaks and rate hikes just right. Brad Sester, senior fellow at the Council on Foreign Relations, also joined to discuss alternative ways an outgunned China could retaliate against President Trump's tariffs. Then Randi Weingarten, American Federation of Teachers' President, joined to react to the Janus vs. AFSCME Supreme Court ruling. Randi explained how they had been preparing for the decision and why she didn't expect membership to drop. 

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On What'd You Miss This Week, Joe, Scarlet and Julia spoke with Christopher Low, Chief Economist at FTN Financial, about Jay Powell's ongoing search for the natural rate of unemployment. Morgan Ricks, Former Treasury Senior Policy Advisor under President Obama, also came on to talk about his pitch to revolutionize the way Americans manage their money by having the Federal Reserve expand their banking services to include accounts for ordinary Americans. Then Jason Schenker, President of Prestige Economics, joined to discuss his new book "Midterm Economics: The Impact of Midterm Elections on Financial Markets and the Economy" and offer his forecast for November. 

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On What'd You Miss This Week, Joe, Scarlet and Julia spoke with Ed Keon, Managing Director at QMA, to talk about the name calling with the U.S.'s biggest trade partner, Canada, and why the markets weren't roiled by all the G-7 drama. Bloomberg Opinion columnist Joe Nocera also joined to talk about to talk about why the Justice Department wasted their chance going after the AT&T and Time Warner deal -- creating a big setback for antitrust and destroying any hope of going after big tech anytime soon. Then Ian Shepherdson, Chief Economist and Founder, at Pantheon Macroeconomics came on to discuss where we will be a year from now if unemployment continues to fall and why the Fed likes when people get a raise, but not too big of one. 

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On What'd You Miss This Week, Joe, Scarlet and Julia spoke with Adam Enbar, co-founder of the Flat Iron School, a coding bootcamp, about the rapid industry growth in blockchain that has fueled a war for talent in crypto hiring. David Schawel, CIO Family Management Corporation, also joined to discuss why it's difficult to have a recession with this much housing demand. Then Ed Hyman, Chairman of Evercore ISI, came on to talk about the call from one of his analysts that made headlines this week declaring the "retail apocalypse is over."

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On What'd You Miss this week, Joe, Scarlet and Julia spoke with Sam Abuelsamid, Senior Research Analyst at Navigant about how technology funds and auto companies are teaming up in the race for autonomous vehicles. Softbank just made a $2.25 billion dollar bet on GM's driverless unit Cruise, and Sam explained why an old school car company actually has an edge in this space over their Silicon Valley competitors. Marc Chandler, Head of Currency Strategy at Brown Brothers Harriman Global, also joined to walk us through Europe's wild geopolitical week and all of the investor anxiety that came with it. Then Paul McNamara GAM Investment Director came on to discuss how the lira fared this week after the Turkish central bank's emergency intervention, and why he sees both Russia and Colombia's currencies as opportunities.

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This Week, Joe, Scarlet and Julia spoke with Hans Humes, Chairman and CEO of Greylock Capital about his call that Venezuela is the best emerging market story out there, despite six more years of Maduro. Wendy Cutler, Vice President of the Asia Society Policy Institute and Acting Deputy U.S. Trade Rep under President Obama, came on to talk trade deals and Treasury Secretary Mnuchin "putting the trade war on hold." Meb Faber, Cambria Investment Management Chief Investment Officer, explained why he thinks the real risk is overloading in U.S. stocks, and why investors need to learn to be asset class agnostic. Then Greg Anderson, BMO Global Head of FX Strategy, discussed the Turkish central bank's emergency meeting to stop the bleeding in the lira.

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