Bloomberg Surveillance

By Bloomberg News

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Description

Tom Keene, Jon Ferro, and Pimm Fox have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets.

Episode Date
100M Oil Barrels Needed a Day, Paul Sankey Says
1929
Ian Shepherdson, Pantheon Macroeconomics Chief Economist, says uncertainty about the tariff war is proving to be painful. Lisa Shalett, Morgan Stanley Wealth Management Head of Investment and Portfolio Strategies, advises her clients to have the maximum level of diversification in equity markets. Paul Sankey, Mizuho Oil Analyst and Managing Director, observes the global economy is stronger than people appreciate. And Brad DeLong, UC Berkeley Professor of Economics, says the 21st century won't be an American century if President Trump's trade and immigration policies continue.&nbsp;<br><br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br><br><br>
Jun 22, 2018
U.S. Is An Importer, Not Exporter, Sec. Ross Says
2400
Danny Blanchflower, Dartmouth College Professor of Economics, says there are no data which support a BOE rate hike. Wilbur Ross, U.S. Secretary of Commerce, thinks finding workers is the biggest problem for American industry. Daniel Yergin, IHS Markit Vice Chairman, says labor in many markets is very tight. And Susan Lund, McKinsey Global Institute Director of Research, observes corporate debt has tripled in size since the financial crisis.<br><br><br><br>
Jun 21, 2018
Xi is a Highly Nationalistic Leader, Economy Says
2025
Brian Levitt, OppenheimerFunds Senior Investment Strategist, says a trade war could lead to a stronger dollar. Elizabeth Economy, CFR Senior Fellow &amp; Author of "The Third Revolution", says tariffs are good for shock value but past that, they don't do much. And Bloomberg's Senior Executive Editor for Economics Stephanie Flanders hosts a panel of central bankers in Sintra, Portugal. We hear from ECB President Mario Draghi and Fed Chairman Jerome Powell.<br><br><br><br>
Jun 21, 2018
U.S. is Now Openly Protectionist, Alden Says
1907
Torsten Slok, Deutsche Bank Chief International Economist, asks what the Chinese retaliation may look like against U.S. tariffs. Vince Reinhart, Standish Chief Economist and Investment Strategist, thinks the Fed may have a problem knowing when to stop hiking rates. Edward Alden, Council on Foreign Relations Bernard L. Schwartz Senior Fellow, says the U.S. is on the verge of a trade war with all of its trading partners. And Suzanne Tager, Bain &amp; Company's Retail and Consumer Products Practices Senior Director, says retail stores are not dead but their role has changed.<br><br><br>
Jun 19, 2018
Immigration is the American Dream, Gutierrez Says
1898
Mary Lovely, Peterson Institute Senior Fellow &amp; Syracuse University Professor, says the Chinese economy has opened up quite dramatically. Doug Peebles, AB CIO of Fixed Income, says investment grade average credit quality has never been as low as it is right now. Carlos Gutierrez, Former U.S. Commerce Secretary, thinks the current immigration policy is not good for the U.S. And Paul Sweeney, Bloomberg Intelligence Director of North American Research, updates us on media mergers.<br><br><br>
Jun 18, 2018
Tariffs Only Address a Short Term Goal, Rose Says
1604
William Lee, Milken Institute Chief Economist, says the U.S. is going to be the engine of growth for the global economy. Gideon Rose, Foreign Affairs Magazine Editor, ponders if U.S. trade policy is going to mimic the Iran or the Korea model. Priya Misra, TD Securities Head of Global Interest-Rates Strategy, says the curve is still the single best indicator for a recession. And Craig Moffett, MoffettNathanson Founding Partner, says historically, Comcast is not comfortable with large amounts of debt.
Jun 15, 2018
Big Media Deals on the Horizon, Rubenstein Says
2000
Robert Sinche, Amherst Pierpont Securities Global Strategist, says the current U.S. administration has done a lot to stimulate the economy. Jane Foley, Rabobank Senior Currency Analyst, thinks many central bankers are assuming that wage inflation will rise.Richard Greenfield, BTIG Media and Technology Analyst, says changes in consumer behavior are spurring rapid consolidation in media. David Rubenstein, The Carlyle Group Co-Founder &amp; Co-Executive Chairman, predicts we'll see more media transactions of size getting done quickly.&nbsp;
Jun 14, 2018
To Upscale in Media, You Have to Acquire, Whittaker Says
1720
Alan Ruskin, Deutsche Bank Global Co-Head of FX Strategy, advises to be careful about the noise around headline CPI.&nbsp; Ian Whittaker, Liberum Head of European Media Research, analyzes the AT&amp;T-Time Warner deal approval. Lindsey Piegza, Stifel Chief Economist, says we could be talking about an inverted yield curve by the end of the year. Eli Lake, Bloomberg Opinion Columnist, thinks Kim Jong Un is a monster.&nbsp;
Jun 13, 2018
N. Korea Has Potential, OECD Sec.-General Says
1713
Daniel Ten Kate, Bloomberg News Asia Government Managing Editor, and Lisa Collins, Center For Strategic &amp; International Studies Korea Chair, discuss the historic summit between the U.S. and North Korea.Shahab Jalinoos, Credit Suisse Global Head of FX Trading Strategy, says political risk in the U.S. is still muted compared to risk in other countries. Kathy Moon, The Brookings Institution Center for East Asia Policy Studies Senior Fellow, thinks members of Congress will want more clarification about what President Trump and North Korea's Kim discussed. Jose Angel Gurria, OECD Secretary-General, says North Korea has the potential to compliment South Korea and the whole world's economy.&nbsp;
Jun 12, 2018
N.K. Will Want Security Assurances, Hormats Says
2433
Toluse Olorunnipa, Bloomberg Washington Correspondent, updates us on the Trump-Kim Summit in Singapore. Charles Kantor, Neuberger Berman Senior Portfolio Manager, says the consumer is really strong right now. Charles Armstrong, Columbia University Korea Foundation Professor, says North Koreans are tough negotiators.Lara Rhame, FS Investments Chief U.S. Economist, says the ECB rate decisions are a bigger question mark than the Fed's.&nbsp; Robert Hormats, Kissinger Associates Vice Chairman, says North Korea doesn't occupy a great part of the market's attention.&nbsp;
Jun 11, 2018
Our Sentiment is Still Good on EM, Santos Says
1736
Andrew Barden,Bloomberg's European Government Reporter, joins us from the G-7 in Quebec to preview the geopolitical tension ahead. Gabriela Santos, JPM Asset Management Global Market Strategist, says EM as a whole is a more resilient picture than the recent headlines. Steven Major, HSBC Managing Director &amp; Global Head of Fixed Income Research, imagines two more rate hikes will be enough for the Fed. Steven Ricchiuto, Mizuho Securities Chief U.S. Economist, thinks the G-7 should focus in on a narrow G-3. And a special segment with Abby Joseph Cohen, Goldman Sachs Advisory Director &amp; Senior Investment Strategist, on the Stanley Cup.&nbsp;
Jun 08, 2018
EMs Have Different Growth Issues, Bailin Says
2052
David Bailin, Citi Private Bank Global Head of Investments, says Brazil is early in its economic recovery. Elsa Lignos, RBC Global Head of FX Strategy, thinks currencies are doing what they're supposed to do as shock absorbers. Steve Keen, Kingston University Professor, says the vibrant stage of American capitalism was the forties to the sixties.Doug Kass, Seabreeze Partners President, says the complexion of the market seems to be changing.&nbsp;
Jun 07, 2018
U.S. Middle Class' Income is Frozen, Aulette Says
2571
Tobias Levkovich, Citi Chief U.S. Equity Strategist, says investors don't have great conviction in their positions in Europe. John Taft, Baird Vice Chairman, compares how business is done in New York versus how it's done in the Heartland. Shannon O'Neil, Council on Foreign Relations Senior Fellow of Latin American Studies, says Brazil has been looking elsewhere for growth since the U.S. is closing off.&nbsp; Ken Auletta, "Frenemies" Author, reminisces about his time on Bobby Kennedy's presidential campaign.&nbsp;
Jun 06, 2018
We are Pro-Global Trade, NASDAQ CEO Shares
1825
John Ryding, RDQ Economics Chief Economist, says views on trade have regressed to the 17th century. Kimberly Robinson, Bloomberg Law Supreme Court Reporter, joins to discuss SCOTUS rulings.&nbsp; Gene Munster, Loup Ventures Managing Partner &amp; Analyst, says Apple makes their money on selling hardware, not on data. Adena Friedman, NASDAQ CEO, thinks European investors are being sanguine in light of heightened trade tensions.&nbsp;
Jun 06, 2018
A Story of Fading Tax Stimulus with Zentner
2086
Ellen Zentner, Morgan Stanley Chief U.S. Economist, expects growth to continue...with some caveats.Federico Santi, Eurasia Group Analyst, suspects things will get worse in Italy before they get better.Adam Posen, Peterson Institute for International Economics President, says the current U.S. administration's trade policy is not capitalist, Republican, or pro-growth. Robert D. Kaplan, Author of "The Return of Marco Polo's World" &amp; Center for a New American Security Senior Fellow, says a trade war is merely an aspect of a world at amoral geopolitical competition.&nbsp;
Jun 04, 2018
Dysfunctions in Labor Markets with Jason Furman
2339
Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says we're not yet at full employment. Ted Alden, Council on Foreign Relations Senior Fellow &amp; Author of "Failure To Adjust: How Americans Got Left Behind In The Global Economy," defines a trade war as tit for tat tariff retaliation outside the rules of the trading system. Elisa Martinuzzi, Bloomberg's EMEA Finance &amp; Investing ME, updates us on political events in Italy. Bill Gross, Janus Henderson Fund Manager, defends his strategy that was widely criticized earlier this week. Alan Krueger, Princeton Professor &amp; Former Council of Economic Advisers Chairman under President Obama, recaps his routine when he previewed jobs numbers for the White House. Jason Furman, Harvard Professor &amp; Former White House Council of Economic Advisers Chairman, says the biggest constraint on U.S. wage growth is its lack of productivity growth.&nbsp;<br><br><br>
Jun 01, 2018
Euro Isn't a Well-Designed System, Zingales Says
2300
Luigi Zingales, Chicago Booth School Finance Professor, thinks people underestimate how devastated Italy is by its economic situation.Donald Straszheim, Evercore ISI Head of China Research, thinks China sees Washington as unreliable and untrustworthy.Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says small cap stocks have outperformed tremendously.Catherine Mann, Citi Research Global Chief Economist, advises we can't be protectionist on the side of trade and welcome international capital flows. Gerard Cassidy, RBC Capital Markets Analyst, jumps on the phone to review the latest Deutsche Bank news.&nbsp;
May 31, 2018
Italy is Falling Behind, Kapoor Says
2053
Paul Donovan, UBS Chief Economist, says by and large, Europe has emerged from the recession but there are persisting problems. Sony Kapoor, Re-Define Managing Director, says far too many Euro-related policies are driven by Germany's economic weight. Megan Greene, Manulife Asset Management Managing Director &amp; Chief Economist, says the Fed does not want to be in the headlines for rising inequality in the U.S. Michael Feroli, JP Morgan Securities Chief U.S. Economist, is unsure of where we are in the business cycle but think it's safe to say we're not early in it.&nbsp;
May 30, 2018
Euro Weakness vs. Dollar Strength with Rosenberg
2184
Jeff Rosenberg, BlackRock Chief Fixed Income Strategist, says his EM view has changed quite a bit in the past few months.Stefan Selig, BridgePark Advisors Managing Partner &amp; Former Under-Secretary of Commerce for International Trade, says it makes no sense to think of our trade deficit as a scorecard. Dean Curnutt, Macro Risk Advisors CEO, says there's certainly a risk that the dollar continues to rise.Diane Swonk, Grant Thornton Chief Economist, is concerned about the accumulation of debt in the U.S. economy.
May 29, 2018
I'm Worried About GDP Growth, Fed's Kaplan Says
2350
Christian Schulz, Citi Economics Team Director, says there's plenty of reasons to believe Spanish has become a semi-core Eurozone country. Thomas Byrne, Korean Society President &amp; Columbia University SIPA Professor, says North Korea is a black box but thinks their economy is in trouble. Robert Kaplan, Dallas Fed President, and Michael McKee, Bloomberg's International Economic &amp; Policy Correspondent, review the U.S. economy. Margaret Brennan, CBS Face the Nation Host, says there is no unified message on trade from the Republican or Democratic parties.&nbsp;
May 29, 2018
Both Sides Benefit from Trade, Jessop Says
1990
Richard Bravo, Bloomberg News EU Government Editor, and Julian Jessop, Institute of Economic Affairs Chief Economist, talk Europe's confusion over the U.S. administration's mercurial trade policy. Alison Williams, Bloomberg Intelligence Senior Banks Analyst, wraps the Deutsche Bank Shareholder Meeting earlier today.Geoff Dennis, UBS Investment Bank Head of Global Emerging Markets, says the dollar will go back down eventually and that will change sentiment for EM. Scott Mushkin, Wolfe Research Senior Retail Analyst &amp; Managing Director, suggests Target should increase their food offerings to stay afloat. Craig Gordon, Bloomberg News Washington Bureau Chief, jumps on the phone to talk the breaking headlines: President Trump has cancelled his summit with North Korea's Kim&nbsp;
May 24, 2018
We're Halfway Through this Cycle, Gimbel Predicts
1505
Hans Redeker, Global Head of FX Strategy at Morgan Stanley, gives us an overview of dollar strength and the slump in Turkish lira.&nbsp; Isaac Boltansky, Compass Point Research Policy Research Managing Director, says the new Dodd-Frank legislation is a modest, narrowly-tailored bill. Don Gimbel, Geneva Advisors Portfolio Manager, predicts there's a couple of years left in this economic cycle. Nabila Ahmed, Bloomberg News Deals Reporter, says Comcast is one of the most indebted American companies.&nbsp;
May 23, 2018
Interest Rates Are Going to Normalize, Blain Says
2247
Bill Blain, Mint Partners Fixed Income Strategist &amp; Head of Capital Markets, says he's positive about the U.S.-China trade riffs in the long-term. Tim Armstrong, Oath Inc. CEO, says consumers are flocking to quality content right now. David Kirkpatrick, Techonomy CEO &amp; Founder, offers Facebook some advice: be more transparent. Poonam Goyal, Bloomberg Intelligence Senior Analyst, reviews Marvin Ellison's run as CEO at J.C. Penney per the announcement he's headed to Lowe's.&nbsp;<br><br><br><br>
May 22, 2018
Populism is Resentment of Elites, Schneider Says
1943
Carl Weinberg, High Frequency Economics Chief Economist &amp; Managing Director, thinks President Trump's mercantilist approach to trade is off. Bill Schneider, George Mason University Professor &amp; Political Analyst, says the flavor of populism is resentment of elites. Patricia Laya, Venezuela Bureau Chief, says many of the voting centers in Venezuela were empty yesterday. Kevin Tynan, Bloomberg Intelligence Senior Analyst, joins us to talk the new $78,000 price tag on Tesla's Model 3.&nbsp;
May 21, 2018
Trade is About Win-Win, Sachs Says
1805
Chad Bown, Peterson Institute for International Economics Senior Fellow, &amp; Enda Curran, Bloomberg's Chief Asia Economics Correspondent, discuss the impact of President Trump's steel and aluminum tariffs. Marc Chandler, Brown Brothers Harriman Senior Vice President of New York &amp; Head of Currency, says a trade war is not easy to win and it is not desirable. Francine Lacqua, Bloomberg Surveillance TV Anchor &amp; Editor at Large, joins us from Rome to report on the general elections this coming Sunday. Jeffrey Sachs, Columbia University Professor &amp; Nobel Laureate, says the new tariffs are one of the most reckless policies that one can imagine.
May 19, 2018
Less Volatility Ahead, Moore Says
2185
Kate Moore, BlackRock Chief Equity Strategist, says she wants companies to make growth generative investments, not just investments to appease outsiders. Hans Humes, GreyLock Capital Chairman &amp; Chief Executive Officer, says Venezuela is a kleptocracy at this point. Dennis Gartman, Gartman Letter Publisher, discusses his cryptocurrency bet in his retirement account. Gene Munster, Loup Ventures Co-Founder, says an Apple-Tesla combo makes sense but it's a fairy tale that is never going to happen.
May 19, 2018
Italy Election was Unexpected, Eichengreen Says
1942
Barry Eichengreen, Author &amp; University of California Berkeley Professor, provides his definition of populism: anti-elite, anti-authoritarian, and anti-other. Coronado, President &amp; Founder of MacroPolicy Perspectives, says core goods prices really aren't showing the strength that they've been wanting to see. Mark McCormick, TD Bank Head: FX Strategy North America, says this is a tricky time for emerging markets. Scott Mushkin, Wolfe Research Senior Research &amp; Staples Analyst, notes geography matters for the food industry.&nbsp;
May 18, 2018
Surveillance: Oil Will Be Even Higher in 2 Years, Grisanti Says
1713
Julian Lee, Bloomberg Oil Strategist, and Chris Grisanti, Grisanti Capital Management CEO, join us to discuss oil touching $80/barrel for the first time since 2014. Libby Cantrill, PIMCO Head of Public Policy, says the latest trade spat within the White House administration is emblematic of the deeper fissures in Washington. Federico Santi, Eurasia Group Associate, says the new Italian government is likely to set up a challenge for the European Union. Alberto Ramos, Goldman Sachs Co-Head of Latin America Economic Research, says the IMF cannot solve underlying debt problems in EM countries.&nbsp;
May 17, 2018
Models Don't Work in Crisis, says Spence.
2156
Michael Spence, Nobel Laureate &amp; NYU Professor of Economics &amp; Business, says models don't work in crisis, but experience does. David Riley, Bluebay Asset Management Chief Investment Strategist, says the resurgence in the U.S. dollar is the pain trade for markets. Jane Foley, Rabobank Senior FX Strategist, thinks the consensus short dollar position for 2018 is capitulating. Miranda Carr, Haitong International Executive Director of Equity Research, says China cannot rely on U.S. Technology in the long term. Kevin Cirilli, Bloomberg Television &amp; Radio Chief Washington Correspondent, finds its hard to say that these congressional investigations aren't political at this point.
May 16, 2018
Q2 Will Be the Comeback Kid, says Frances Donald
1930
Guy Johnson, Bloomberg Television, recaps his exclusive interview with Turkey's Prime Minister Erdogan. *AND*&nbsp; Phoenix Kalen, Societe Generale Director of Emerging Markets Strategy, says (if) Turkey's central bank fails to 'step in' crisis could reach a tipping point. Frances Donald, Manulife Asset Management Senior Economist, says that this morning's data suggests that Q2 is going to be the comeback kid that we hoped it would be. Ryan Prete, Bloomberg Government State Tax Reporter, says that after yesterday's sports betting ruling, states will want to take steps to ensure they get a piece of this untapped profit. Brooke Lampley, Sotheby's Fine Art Division Vice Chairman, discusses the importance of the collector in creating context after Sotheby's $157M sale of a Modigliani nude.&nbsp;
May 15, 2018
Trade Wars Not the Biggest 2018 Risk, Purves Says
1782
Michael Purves, Weeden &amp; Co. Chief Global Strategist &amp; Head of Equity Derivatives, says you can't be dismissive of higher interest rates in the volatility story. Isaac Boltansky, Compass Point Senior VP &amp; Policy Analyst, has noticed a lot of empty offices in D.C. government agencies. Steve Ricchiuto, Mizuho Securities Chief U.S. Economist, joins us to wrap sound from our interview with Cleveland Fed President Loretta Mester and discuss eco data. Jonathan Ferziger, Bloomberg Middle East Politics Reporter, reports from Israel on the the U.S. Embassy move from Tel Aviv to Jerusalem.&nbsp;<br>&nbsp;<br><br><br>
May 14, 2018
People Respond to Higher Wages, Goolsbee Says
2310
Mike Darda, MKM Partners Chief Economist &amp; Chief Market Strategist, says 4% on the 10-year is a bit of a moonshot. Nick Wadhams, Bloomberg News State Department Reporter, and Steven Cook, CFR Senior Fellow Middle East, join us to provide insight on the escalating tensions between Israel, Iran, Russia, and Syria. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, says tech will be the best performing sector at the end of this year. Austan Goolsbee, University of Chicago Booth School of Business Professor, says the tax cut was pretty negligible.
May 11, 2018
Tucker: Transparency Is Important, The Age of Mystique is Gone
1918
Bloomberg's Nejra Cehic takes us through the BOE headlines live from Threadneedle Street. Paul Tucker, Former Deputy BOE Governor and Author of 'Unelected Power,' believes that Central Bankers are becoming the poster boys &amp; girls of people making decisions that we didn't elect. James Donald, Lazard Asset Management Head of Emerging Markets and Portfolio Manager, discusses the difficulty of navigating Emerging Markets in the current climate. Meredith Sumpter, Eurasia Group Head of Research Strategy &amp; Operations, says that beyond negotiations with North Korea, the long-term for both Washington &amp; Beijing is in the economics sphere.
May 10, 2018
China is Key for Iran, Petrie Says
2386
Greg Valliere, Horizon Investments Chief Global Strategist, ponders whether or not the Democrats have a game plan. Marc Chandler, Brown Brothers Harriman Global Head of Currency Strategy, says everybody and their sister is long emerging markets. Tom Petrie, Petrie Partners Chairman, thinks Iran may have trouble bulking up their technology for greater oil production. Michael Hayden, Former CIA Director, says the president and the administration have yet to articulate Plan B for U.S.-Iran relations. Sonali Basak, Bloomberg News Reporter, joins us to review her Deutsche Bank scoop.<br><br><br><br><br><br><br>
May 09, 2018
This Correction Is Not a Surprise, Emanuel Says
1778
Julian Emanuel, BTIG Chief Equity &amp; Derivatives Strategist, says the Fed has always been a critical player in the evolution of financial conditions. Jacques Rousseau, Clearview Energy Partners Managing Director of Global Oil &amp; Gas, says Venezuela has taken more oil off the market than Saudi Arabia. John Hudak, Brookings Senior Fellow of Government Studies, says all eyes are on West Virginia for the midterm primaries. Barbara Whye, Intel Corporation Chief Diversity &amp; Inclusion Officer and VP of Human Resources, says their goal is to increase their initiatives in creating a more equal workplace.&nbsp;
May 08, 2018
FinTech is the Wild West of Banking, Swonk Says
2116
Jens Nordvig, Exante Data Founder &amp; CEO, says there was a shocking shift in global trade flows in January. Patrick Morrisey, West Virginia Senate Candidate (R) &amp; WV Attorney General, says West Virginians are very supportive of the president. Diane Swonk, Grant Thornton Chief Economist, predicts wages will pick up. Jamie Metzl, Atlantic Council Senior Fellow, questions if North Korea has any real intentions of giving up their nuclear weapons.
May 07, 2018
No Need for the Fed to Panic, Coronado Says
2447
Marty Feldstein, Harvard University Professor of Economics, is not happy about a trillion dollar deficit. Alan Krueger, Princeton University Professor &amp; Fmr. Chairman of President Barack Obama’s Council of Economic Advisers, says the White House hasn't followed through on addressing the opioid crisis. Coronado, President &amp; Founder of MacroPolicy Perspectives, says we still want to see wage growth climb higher. Betsey Stevenson, University of Michigan Professor &amp; Fmr. Chief Economist of the U.S. Department of Labor, briefs us on how tax policy affects families. Kevin Hassett, Council of Economic Advisers Chairman, says over time, U.S. exports should skyrocket due to the administration's trade policies.<br><br><br>
May 04, 2018
Xi Has Amassed So Much Power, CFR's Economy Says
2018
Stephen Stanley, Amherst Pierpont Securities Chief Economist, says traditionally, people have viewed a 2% inflation target as being lopsided. Elizabeth Economy, CFR Director for Asia Studies &amp; Author of "The Third Revolution: Xi Jinping and the New Chinese State", is surprised by how transformative Xi Jinping has been in the past 5 years. Kate Warne, Edward Jones Investments Chief Market Strategist, predicts inflation will stay contained. Shannon Cross, Cross Research Managing Director &amp; Co-Founder, thinks Apple's best product is the AirPods.&nbsp;
May 03, 2018
The 10-Year at 4 or 5% is Rational, Gartman Says
1846
Alan Ruskin, Deutsche Bank Global Co-Head of G-10 FX Strategy, says to not get too obsessed with the Fed funds rate. Angelo Zino, CFRA Analyst, says iPhones are no longer the only story for Apple.Lindsey Piegza, Stifel Financial Chief Economist, says inflation has not shown strong, upward momentum. Dennis Gartman, The Gartman Letter Publisher, says the Fed has already won its battle with 2% inflation.&nbsp;
May 02, 2018
iPhone X Concerns Are Too High, Piecyk Says
1801
Brian Levitt, OppenheimerFunds Senior Investment Strategist, says over time, we are likely to be in a stable or weaker dollar environment. Priya Misra, TD Securities Head of Global Rates Strategy, says the strategist in her is worried about how financial conditions will tighten. Walter Piecyk, BTIG Analyst, says consumers are very loyal to Apple's brand. Christyan Malek, JPMorgan Head of the EMEA Oil &amp; Gas Equity Research, sees a new BP in their 1Q earnings.&nbsp;
May 01, 2018
Surveillance: Trade is Not Isolated, Kaplan Says
1715
Peter Henry, Former NYU Stern School of Business Dean, predicts growth next year will taper off.&nbsp; Robert D. Kaplan, 'The Return of Marco Polo's World' Author, says Trump signifies a return to a more traditional form of world history. James Stavridis, Dean of the Fletcher School at Tufts University, says China is not reaching for global hegemony but regional control. Sara Sanatore, Sanford Bernstein Senior Research analyst, says the more premium products at McDonald's is working for business.&nbsp;
Apr 30, 2018
Surveillance: Haass on Korea: I Wouldn't Chill the Champagne Quite Yet
1766
Peter Pae, Bloomberg News Seoul Bureau Chief. Bill Rhodes, Former Citi Senior Vice Chairman &amp; William R. Rhodes Global Advisors President &amp; CEO. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist. Krishna Memani, Oppenheimer Funds Chief Investment Officer &amp; Head of Fixed Income. Richard Haass, Council on Foreign Relations President,
Apr 27, 2018
The Fed Will Remain the Fed, Bandholz Says
2015
Harm Bandholz, Unicredit Chief U.S. Economist, says he has a hard time imagining a scenario where the Fed would do 5 rate hikes. Gideon Rose, Foreign Affairs Magazine Editor, is worried about what's happening in Eastern Europe. Neil Shearing, Capital Economics Chief Emerging Markets Economist, says the European economy seems to have lost some steam. Timothy L. O'Brien, Bloomberg Gadfly &amp; Bloomberg View Executive Editor, says on a day to day basis, we need to adhere to the facts when it comes to Mueller's investigation and Michael Cohen.&nbsp;
Apr 27, 2018
The IMF & the World Bank Spring Meetings
2884
In an ode to our fantastic lineup from the IMF &amp; World Bank Group Meetings last week, it's a Surveillance Special! Tom Keene and Francine Lacqua talk trade, global growth, and geopolitical risks with world leaders, including: the Economy Minister of Spain Roman Escolano, the first IMF Deputy Managing Director David Lipton, the European Commission Commissioner for Economic &amp; Financial Affairs Pierre Moscovici, the Economy &amp; Finance Minister of France Bruno Le Maire, and the Deputy Prime Minister of Turkey Mehmet Simsek. All interviews were broadcast on site at the IMF &amp; World Bank Group Meetings in Washington, D.C. this past Friday, April 20.<br><br><br>
Apr 27, 2018
The Geopolitical Order Tipping Point with Bremmer
2000
Ian Bremmer, Eurasia Group President &amp; Founder, says a long term solution to trade disputes will require something New Deal-like. Brian Wieser, Pivotal Research Senior Research Analyst, says advertising is in a constant state of evolution. Alberto Gallo, Algebris Investments Head of Macro Strategies, says the ECB is also not sure why we're seeing weak European data. Cheryl Bolen, Bloomberg Government White House Reporter, breaks down the stark contrast in shipping costs from the U.S. versus China. And James Albertine, Consumer Edge Research Auto Analyst, recaps Ford and GM earnings with us.&nbsp;
Apr 26, 2018
We Deployed All Our Fiscal Muscle, Zentner Says
1900
Alex Webb, Bloomberg Gadfly Columnist, hops in the studio to break Twitter's earnings. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says we've guaranteed hampered longer-term potential growth. Jack Ablin, Cresset Wealth Advisors CIO &amp; Founding Partner, says potential GDP is much lower than it's been in the past. And Victor Anthony, Aegis Capital Corporation Analyst, says Twitter is returning back to growth.&nbsp;
Apr 25, 2018
Disappointing 1Q for European Data, Santos Says
2093
Vince Reinhart, BNY Mellon Chief Economist &amp; Chief Investment Strategist, says in the long run, we're anchored by the growth of aggregate supply. Gabriela Santos, JPMorgan Asset Management Global Market Strategist, says the hard data in Europe has disappointed. Elsa Lignos, RBC Global Head of FX Strategy, says RBC is forecasting some dollar strength into year end. And Mike Mayo, Wells Fargo Head of U.S. Large-Cap Bank Research, says JPMorgan is best in class for governance.&nbsp;
Apr 24, 2018
Trade Could Derail It All, Pearl Says
1696
Carl Weinberg, High Frequency Economics Founder, says the market should be thinking about inflation risks but it's not currently. David Pearl, Epoch Investment Partners Co-Chief Investment Officer and Portfolio Manager, says Boeing looks a lot cheaper on free cash flow than it does on earnings right now.Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says Europe has stabilized. Kit Juckes, Societe Generale Global Fixed Income Strategist, doesn't think oil prices are going to run away.&nbsp;
Apr 23, 2018
Wild Cards on the Horizon, IMF's Lipton Says
2070
Adam Posen, Peterson Institute of Economics, says he still doesn't think inflation risks are very high. Isabelle Mateos Y Lago, BlackRock Investment Institute Chief Multi Asset Strategist, says markets are in a wait-and-see David Lipton, First IMF Deputy Managing Director, says the IMF's message is to prolong the recovery while things are still good. Mario Centeno, EuroGroup President, says most countries in Europe have strong fiscal positions.&nbsp;
Apr 20, 2018
You Could Broaden the Tax Base, Furman Says
1719
Jason Furman, Former Council of Economic Advisers Chairman, thinks we could have a more pro-growth tax system. Nathan Sheets, PGIM Chief Economist and Former Under Secretary of the Treasury, is concerned about the political dynamic we're seeing globally. Mark Haefele, UBS Global Chief Investment Officer, says emerging markets have held up well as the dollar weakens. Tom Keene and Francine Lacqua discuss the Fed with Milken Institute's Chief Economist Bill Lee.&nbsp;
Apr 19, 2018
Economy is Doing Relatively Well, Zingales Says
2063
Kate Moore, BlackRock Chief Equity Strategist, says she still strongly believes that equities are the place to be. Luigi Zingales, University of Chicago Booth School of Business Professor, does not think we've seen the worst of the populist surge yet. Francisco Blanch, Merrill Lynch Head of Global Commodities &amp; Derivatives Research, says oil prices could definitely push higher if geopolitical risk becomes more prominent. John Sununu, Former WH Chief of Staff under President George H.W. Bush, joins us to remember Barbara Bush.&nbsp;
Apr 18, 2018
This Economy is a Healthy Tortoise, Kelly Says
1625
Sonali Basak, Bloomberg Finance Reporter, and Ira Jersey, Bloomberg Intelligence Chief U.S. Interest Rate Strategist, wrap Bank of America's earnings. Steven Cook, Council on Foreign Relations Enrico Mattei Senior Fellow for Middle East and Africa studies, says Syria is not a mission that neither Obama nor Trump have fully taken on. David Kelly, JPMorgan Asset Management Chief Global Strategist, asks if we can please appreciate how good earnings are. George Goncalves, Nomura Securities Managing Director, thinks we're going to see further price erosion.&nbsp;
Apr 16, 2018
The Age of Austerity has Been Taken Over by the Age of Overwhelming Deficits, says Collender
1894
Brian Belski, BMO Capital Markets Chief Investment Strategist, says commercial banks will see strong growth for next 10 years.Jon react to Citi &amp; Wells Fargo.&nbsp; Admiral James Stavridis, Former NATO Supreme Allied Commander and Bloomberg View Columnist, believes that senior military officials have a big challenge with this White House. Stan Collender, Qorvis MSLGroup Executive Vice President, says that the age of austerity has been taken over by the age of overwhelming deficits. Rep. Dave Brat, House Budget Committee Member, says we need to ratchet down the language &amp; just focus on rational policy.
Apr 13, 2018
Euro-Dollar Still Looks Favorable, Yu Says
1508
Gina Martin Adams, Bloomberg Intelligence Chief U.S. Equity Strategist, says we're missing growth in consumer loans. Geoffrey Yu, UBS Private Banking Head of the U.K. Investment Office, says the ECB could still surprise to the upside. Scott Wren, Wells Fargo Investment Institute Senior Global Equity Strategist, says they're underweight staples and utilities. Craig Moffett, MoffettNathanson Co-founder &amp; Analyst, says Verizon and AT&amp;T are primarily bond proxies.&nbsp;
Apr 12, 2018
Growth is Not Quite as Stable, Morse Says Description:
1805
Ed Morse, Citi Research Global Head of Commodities, says there's been an acceleration of risk-on, risk-off. Gary Shilling, Gary Shilling &amp; Co. President, says there are a lot of deflationary forces out there. David Kirkpatrick, Techonomy Media Founder &amp; CEO, says he is relatively, cautiously optimistic for the future of Facebook. Kevin Cirilli, Bloomberg Chief Washington Correspondent, recaps reports that House Speaker Paul Ryan will not seek reelection.&nbsp;
Apr 11, 2018
DC Doesn't Have the Collective Will or IQ To Take on Big Tech, Galloway says
2019
Dr. Keyu Jin, London School of Economics &amp; Political Science Professor, says the confusion about trade deficits by both the U.S. and China is fatal. Daniel Tannebaum, PWC Global Financial Services Sanctions Leader, predicts it will be a "go-fish exercise" to know who actually owns businesses in Russia. Steven A. Cook, CFR Middle Eastern Fellow, sees us inching closer to confrontation on Syria. Scott Galloway, NYU Stern Professor and Author "The Four," says that Facebook isn't doing anything any other media company hasn't tried before.
Apr 10, 2018
China is in a Sweet Spot, Lord Turner Says
2015
Adair Turner, Institute For New Economic Thinking Chairman, House of Lords Member, &amp; "Between Debt And The Devil" author, says the U.S. trade deficit is going to increase this year. Jim O'Sullivan, High Frequency Economics Chief U.S. Economist, says we have seen close to 3% growth but it's not clear there's been a real change in potential growth. Carsten Brzeski, ING-DiBa Chief Economist Germany &amp; Austria, says the Eurozone is headed into a strong 2018. Paul Sweeney, Bloomberg Intelligence Director of North American Research, says data privacy is not just a Facebook issue, it's a social media issue.&nbsp;
Apr 09, 2018
Blame China for Not Playing Ball, Kudlow Says
2407
Alan Krueger, Princeton University Economics Professor, says the Federal Reserve's mission is never complete. Bill Gross, Janus Henderson Fund Manager, says since 1980, real wages have flat-lined. Larry Kudlow, National Economic Council Director, says there is no trade war between the U.S. and China. Michael Darda, MKM Partners Chief Economist &amp; Chief Market Strategist, says he's in favor of supply side policies but says we need to be concerned about responsible fiscal action as well.&nbsp;
Apr 06, 2018
This Has Been a Shakespearean Market, Sinche Says
2356
Bob Sinche, Amherst Pierpont Securities Global Strategist, advises to be disciplined when reacting to market volatility. Rich Greenfield, BTIG Media and Technology Analyst, thinks the pressure on Facebook's stock is overdone. Miranda Carr, Haitong International Research Executive Director, says Xi's vision for China has changed. Chad Hart, Iowa State University Associate Professor of Economics and Crop Markets Specialist, says over the past 5 years, we've seen a dramatic decline in net farming income. Doug Kass, Seabreeze Partners President, says the market has changed dramatically in the past decade.
Apr 05, 2018
It's Still a Goldilocks Environment, Meyer Says
1995
Chris Rupkey, MUFG Union Bank Chief Financial Economist, says the U.S. and China are hitting each other pretty hard with rhetoric. Michelle Meyer, BofA Merrill Lynch Head of U.S. Economics, does not think we're going to see big inflationary pressures this year. Shira Ovide, Bloomberg Gadfly Columnist, recaps Spotify's direct listing on the NYSE yesterday. Steven Friedman, BNP Paribas Asset Management Senior Economist, says to look to the bond market during breaking news.&nbsp;
Apr 04, 2018
Volatility Will Stay in a High Range, Gallo Says
1766
Alberto Gallo, Algebris Head of Macro Strategies, says the growth momentum is fading. Seth Masters, Angel Investor and Former AB Bernstein CIO, joins to look ahead to Spotify's direct listing. Michael Zezas, Morgan Stanley Chief U.S. Public Policy Strategist, says Trump is the "Dessert Before Vegetables President." James Sweeney, Credit Suisse Managing Director &amp; Chief Economist, says a big chunk of the tech sector has moved to Asia in the past decade.
Apr 03, 2018
Surveillance: U.S. Expansion is Late Stage, Chandler Says
1804
Marc Chandler, Brown Brothers Harriman Global Head of Currency Strategy, says the market has been squeezed out of a lot of the short yen positions. Kim Wallace, Eurasia Group Managing Director for the U.S., says the United States' trading partners are confused right now. Neil Dutta, Renaissance Macro Research Head of U.S. Economics, thinks there's still some residual slack in the labor market. Jonathan Palmer, Bloomberg Intelligence's Healthcare Analyst, says he doesn't foresee Walmart buying Humana.&nbsp;
Apr 02, 2018
Capital Spending is Soaring, Kevin Hassett Says
1794
Dean Curnutt, Macro Risk Advisors Founder &amp; CEO, says we're in a U.S.-centric risk environment. Kathleen Fisher, AllianceBernstein Wealth &amp; Investment Head, says they've pushed clients to have a 40% non-U.S. portfolio. Ali Shihabi, Arabia Foundation Founder, says Saudi Arabia should have been added to indexes 10-15 years ago. Kevin Hassett, U.S. Council of Economic Advisers Chairman, says the White House is going to be tougher on spending in the future.&nbsp;
Mar 29, 2018
Wage Growth is a Complicated Story, Shiller Says
1985
Robert Shiller, Yale University Professor &amp; Nobel Laureate, says we're losing sight of the function of the WTO. Eileen Burbidge, Passion Capital Partner, says there's no other place in the world quite like Silicon Valley. Mark Connors, Credit Suisse Head of Risk Advisory, says the big hedge funds are getting bigger. Mike Mayo, Wells Fargo Head of U.S. Large-Cap Bank Research, and Elyse Greenspan, Wells Fargo Analyst, review the health of U.S. banks.
Mar 28, 2018
Trade Deficits Are Not Bad, Citi's Mann Says
2072
Willem Buiter, Citi Special Economic Adviser, and Catherine Mann, Citi Global Chief Economist, discuss their new roles at Citi and their global outlook. Eric Schoenstein, Jensen Investment Management Portfolio Manager, says for the past couple of years, the market has been pretty complacent. Joe Weisenthal, Bloomberg TV Anchor, says in the oil market, everyone is still focused on U.S. supply.&nbsp; Glenn Hubbard, Dean of Columbia Business School, says we should want people in the labor force and we need to do a better job of assuring that.
Mar 27, 2018
This is a Calculated Strategy, Peter Navarro Says
2381
James Glassman, JPMorgan Head Economist for Commercial Banking, says he does not like the sound of tariffs.&nbsp; Antony Phillipson, British Consul General to New York &amp; Her Majesty’s Trade Commissioner for North America, says the U.S. and U.K. should spend more time teaching each other how their trade systems work.&nbsp; Peter Navarro, White House National Trade Council Director, says the administration's steel and aluminum tariffs are a calculated strategy for the American people. James Hertling, Bloomberg News EMEA Managing Editor, joins to review the news that President Trump will expel 60 Russian diplomats.&nbsp;
Mar 26, 2018
The President Has Hurt His Credibility, Bell Says
2209
Lisa Abramowicz is in for Tom Keene while he watches March Madness. Dan Tannebaum, PWC Global Sanctions Leader, says he wants to believe that there's some sort of strategy coming from the White House administration. Ian Bremmer, Eurasia Group Founder, says the most important bilateral relationship in the world (China and the U.S.) has taken a marked turn to the negative. Kona Haque, ED&amp;F Man Head of Research, says she thinks China will continue to take a measured approach. Steve Bell, Bipartisan Policy Center Senior Advisor &amp; Fmr. Senate Budget Committee Staff Director, thinks there are a lot of nerves in the Republican party right now.&nbsp;
Mar 26, 2018
Matt Damon & His Clean Water Venture
1691
Lisa Abramowicz fills in for Tom Keene who is on Spring break.Ebrahim Rahbari, Citi Group Head of Global Macroeconomics, says there's a high likelihood of a significant downturn in the economy in the next few years. Lara Rhame, FS Investments Chief U.S. Economist, says when we get optimistic about growth, we should still be realistic. Gary White and Matt Damon, Co-Founders of Water Equity &amp; Water.Org, join us on World Water Day to discuss their microfinance venture.&nbsp;
Mar 22, 2018
Attention Will Be on Fed's Language, Lignos Says
1924
Bloomberg's Lisa Abramowicz fills in for Tom Keene while he's off on Spring break. John Silvia, Wells Fargo Chief Economist, predicts the second half of this year will be challenging for some financial markets. Eileen Burbidge, Passion Capital Partner, says she assumes investors want to hear directly from Mark Zuckerberg or Sheryl Sandberg in the near future. Elsa Lignos, RBC Global Head of FX Strategy, says there will be a lot of attention on the language used in the Fed decision today. Stephanie Miller, Height Securities Senior Vice President, thinks Facebook will confront more of a reckoning with Wall Street than Washington.&nbsp;
Mar 21, 2018
Facebook and Google Aren't Free, Windsor Says
2098
Bloomberg's Lisa Abramowicz is in for Tom Keene while he's off shopping for bow ties. Richard Windsor, Radio Free Mobile Founder, says contrary to the consumer's general impression, the likes of Facebook and Google are not and have never been free. Brian Levitt, OppenheimerFunds Senior Investment Strategist, continues to believe that equities are the asset class of choice. Diana Choyleva, Enodo Economics Chief Economist, says trade wars are one of the key risks for financial markets this year. James Cakmak, Monness Crespi Hardt &amp; Co. Equity Analyst, says in the short term, Facebook will be in choppy waters.
Mar 20, 2018
Incentive to Trade Has Been Limited, Michele Says
2016
Bloomberg's Lisa Abramowicz is in for Tom Keene while he's off on a tropical vacation. On today's show, Isaac Boltansky, Compass Point Research Director of Policy Research, says the data suggests the Democrats have a tailwind at their back heading into midterms. Bob Michele, JPMorgan Asset Management Chief Investment Officer &amp; Head of Global Fixed Income, Currency, &amp; Commodities, says he can't remember a time when corporate America had as much financial flexibility as it does now. Paul Sweeney, Bloomberg Intelligence Head of North American Research, reports Facebook is ramping up their spending to protect user data. Mark Travis, Intrepid Capital Management President &amp; CEO, says he's opportunistic when it comes to his allocations.
Mar 19, 2018
Kudlow Favors Free Trade, Irwin Says
1932
Dan Tannebaum, PwC Global Sanctions Leader, says there needs to be a unilateral approach to dealing with Russia. Tony Dwyer, Canaccord Genuity Equity Strategist &amp; Managing Director of U.S. Portfolio Strategy, notes twin deficits do not matter until the yield curve inverts. Douglas Irwin, Dartmouth College Professor of Economics, says trade deficits cannot be fought with protectionist measures.Margaret Brennan, CBS's "Face the Nation" Host, says there are real problems with vacancies at the State Department.&nbsp;
Mar 16, 2018
China is Changing Its Economy, Roach Says
2280
Stephen Roach, Yale University Professor, says the U.S. and China need to restart their economic dialogue. Doug Kass, Seabreeze Partners President, thinks Larry Kudlow's new role as National Economic Council Director will be marketing the administration's policies. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says investors are looking at the trade tariffs with a big question mark. Stephanie Wissink, Jefferies Research Analyst &amp; Managing Director, says a number of toy vendors will feel the loss of Toys R Us; the winners will be Amazon and WalMart.&nbsp;
Mar 15, 2018
U.S. Should Align with the U.K., Stavridis Says
1761
Enda Curran, Bloomberg's Chief Asia Economics Correspondent, and Ron Temple, Lazard Asset Management Co-Head &amp; Head of U.S. Equity, discuss China and Trump's tariffs. Kevin Cirilli, Bloomberg Chief Washington Correspondent, joins us from Canonsbury, PA to report on the special election. Bob Sinche, Amherst Pierpont Global Strategist, says this month's retail sales were a bit of a 'clunker.' Admiral James Stavridis, Tufts University Fletcher School Dean &amp; Former NATO Supreme Allied Commander, says the U.S. ought to be combine soft power with hard power to succeed at smart power.
Mar 14, 2018
A More Hawkish Foreign Policy Ahead, Bremmer Says
1828
Nick Wadhams, Bloomberg State Department &amp; Foreign Policy Reporter, and Marty Schenker, Bloomberg Chief Content Officer, examine Trump's firing of Rex Tillerson. Nick was aboard the former Secretary of State's plane 4 hours prior to this news breaking. Ian Bremmer, Eurasia Group President, expects Mike Pompeo, the newly appointed Secretary of State, to double down on Trump's hard line message. George Friedman, Geopolitical Futures Chairman &amp; Founder, says there has always been tension between the Defense Department, State Department, and CIA. Michael McKee, Bloomberg International Economics &amp; Politics Correspondent, and Vinny Del Guidice, Bloomberg News Data Editor, break down the CPI data.&nbsp;
Mar 13, 2018
Steady as She [the Fed] Goes, Peters Says
2032
Jens Nordvig, Exante Data Founder &amp; CEO, thinks the housing sector will be resilient to Fed rate hikes. Greg Peters, PGIM Managing Director &amp; Senior Investment Officer, says to look at the broader set of data and trends in the jobs numbers. Chad Bown, Peterson Institute for International Economics Senior Fellow, says we're all waiting to see how the steel and aluminum tariffs will play out. Dakin Campbell, Bloomberg Finance Americas Reporter, reviews Goldman Sachs's decision to appoint David Solomon as sole president.&nbsp;
Mar 12, 2018
Jobs Number is an Excellent Number, Goolsbee Says
2479
Robin Niblett, Chatham House Director, is concerned that President Trump is stepping forward to meet with Kim Jong-un too early. Michelle Meyer, Bank of America Merill Lynch Head of U.S. Economics, indicates the housing recovery is ongoing. Randall Kroszner, University of Chicago Booth School Professor &amp; former member of the U.S. Federal Reserve Board of Governors, says it's rare to have this kind of synchronized global growth. Bill Gross, Janus Henderson Investors Fund Manager, says trade tariffs are a potential negative and drag on the economy. Austan Goolsbee, University of Chicago Booth School Professor &amp; former Chairman of the Council of Economic Advisers, says 90% of what happens in the economy has nothing to do with Washington.&nbsp;
Mar 12, 2018
Intl. Women's Day with Abby Joseph Cohen
1818
Abby Joseph Cohen, Goldman Sachs Advisory Director &amp; Senior Investment Strategist, is our featured guest on this International Women's Day. She discusses her outlook for GDP growth, central banks, equities, bonds, the dollar, and of course, the zeitgeist: trade. &nbsp;
Mar 08, 2018
Tariffs May Crowd Out Investment, Coronado Says
1637
Julia Coronado, Macropolicy Perspectives President &amp; Founder, does not think we can sustain 3% GDP growth. Peter Chatwell, Mizuho International Head of European Rates Strategy and Geoffrey Yu, UBS Private Banking Head of the U.K. Investment Office, review the European Central Bank forward guidance out today. Isaac Boltansky, Compass Point Research Director of Policy Research, says Republicans want to run on the economic benefits of the tax cut but the tariffs could eat into these benefits. Cynthia Koons, Bloomberg Healthcare Reporter, reports on the Cigna and Express Scripts merger.&nbsp;
Mar 08, 2018
Mnuchin a Moderating Force But Lacks Cohn's Gravitas, says Valliere
2152
Greg Valliere, Horizon Investments Chief Global Strategist, believes that Secretary Mnuchin will now act as a moderating force in the Trump Administration, though he lacks the gravitas of Cohn. Steve Englander Rafiki Capital Management Head Of Research And Strategy, highlights the difference between a tariff and a quota, and argues that President Trump will soon want the latter. Scott Mushkin, Wolfe Research Managing Director &amp; Senior Research Analyst, predicts that Amazon will have 20% of the share of the consumables market, sucking a lot of share from traditional supermarkets. Michael O'Hanlon, Brookings Senior Fellow: Foreign Policy, believes the Department of Defense could save 5-10% of their budget.
Mar 07, 2018
The Headlines Matter on the Margin, Kantor Says
1987
Peter Pae, Bloomberg's Seoul Bureau Chief, recaps the headlines that North Korea is open to denuclearize. Charles Kantor, Neuberger Berman Group Managing Director &amp; Senior Portfolio Manager, says the bond market suggests there will be more real growth. Kim Wallace, Eurasia Managing Director of United States, notes to say that the process now in Washington is unique, is an understatement. Stephen Schork, Schork Report Editor, says the demand structure for natural gas has totally changed.&nbsp; Brian Kelly, The Points Guy CEO &amp; Founder, offers his wisdom on how to get inexpensive flights using airline miles.&nbsp;
Mar 06, 2018
We Are in a Reactive Phase, Alden Says
2177
Luigi Zingales, University of Chicago Booth School of Business Professor, says the results of the Italian election indicates a heavy anti-Europe sentiment. Deborah Lehr, Paulson Institute Senior Fellow, says the World Trade Organization has failed at keeping up with the modern world of trade. Shahab Jalinoos, Credit Suisse Global Head of FX Strategy, says the biggest risk to the U.S. dollar would be a sudden loss of confidence from overseas investors.Ted Alden, Council on Foreign Relations Senior Fellow, says we live in a very different world than 1961, the world Trump has nostalgia for.
Mar 05, 2018
Surveillance Special: Trump's Trade Tariffs
2071
The news flow beckoned a bonus episode! Today, Ed Hyman, Evercore ISI Vice Chairman, says once you go down the tariffs road, it gets complicated. Jeffrey Sachs, Columbia University Professor says trade is not about winners and losers, it's win-win. Marc Chandler, Brown Brothers Harriman Senior Vice President of New York &amp; Head of Currency, says a trade war is not easy to win and it is not desirable. Kerry Brown, Chatham House Associate Fellow in the Asia-Pacific Programme &amp; Professor of Chinese Studies, thinks China was expecting this.&nbsp;
Mar 02, 2018
The World is Awash with Capital, Ailman Says
1759
Katie Stockton, Fairlead Strategies Founder &amp; Managing Partner, says in the corrective phase, they saw sentiment go from extremely bullish to bearish in a matter of days.&nbsp; Chris Ailman, California State Teachers’ Retirement System (CalSTRS) CIO, reports that last year their total return was 14%. Jonathan Miller, Miller Samuel President &amp; CEO, says a significant amount of retail outlets are running into trouble. George Friedman, Geopolitical Futures Founder &amp; Chairman, says China and Russia are two constrained military powers trying to pass on the world stage as if they were much more powerful.
Mar 01, 2018
No Signs of Late Cycle Behavior, Eisman Says
1909
Steve Eisman, Eisman Group Neuberger Bergman Senior Portfolio Manager, says the student loan problem is a U.S. government problem. Jerome Schneider, PIMCO Head Of Short-Term Portfolio Management and Funding, says they are no longer of the opinion that front-end rates are undervalued. Richard Haass, Council on Foreign Relations President, says on one level, Xi Jinping's decision to end presidential term limits was not surprising. Mike Mayo, Senior Analyst, Wells Fargo Securities Head of U.S. Large-Cap Bank Research, says J.P. Morgan's Investor Day yesterday was the most confident he's ever seen the bank.&nbsp;
Feb 28, 2018
China is Not Monolithic, Tsang Says
1974
Brian Levitt, OppenheimerFunds Senior Investment Strategist, does not think we're going to hear the Fed call for 4 rate hikes this year. Margaret Talev, Bloomberg Senior White House Correspondent, updates us on the gun control debate in Washington. Craig Moffett, MoffettNathanson Founding Partner &amp; Senior Research Analyst, reviews Comcast's bid to buy British TV giant Sky for $31 billion. Steve Tsang, SOAS China Institute Director, says we overestimate Xi Jinping if we compare him to totalitarianism.&nbsp;
Feb 27, 2018
Coming Soon: Decrypted Season 2
166
Decrypted returns on March 6th with a brand new season. Here's a sneak peek of what's in store. We'll be releasing new episodes every Tuesday starting next week.&nbsp;
Feb 27, 2018
Surveillance: Powell is Not Massive Regime Change, Wieting Says
2089
Steve Wieting, Citi Private Bank Global Chief Strategist, says there is an underlying sense of optimism from companies. Carsten Brzeski, ING-DiBa Chief Economist, says Italy is still one of the laggards of the eurozone cycle. Sen. Rob Portman (R-OH), Senate Finance Committee member, says Congress ought to readdress the legal purchasing age for rifles. Benn Steil, Council on Foreign Relations Senior Fellow and Director of International Economics, says President Trump may be losing sight of the immense power the U.S. has had via the use of soft power.
Feb 26, 2018
We Need to Invest in Human Capital, Manyika Says
2273
Carl Weinberg, High Frequency Economics Founder &amp; Chief Economist, says in order to create jobs, we need a project like the space race in the sixties. Mike Darda, MKM Partners Chief Economist &amp; Chief Market Strategist, suspects nominal growth will return to below 4%. Libby Cantrill, PIMCO Executive Vice President &amp; Head of Public Policy, wonders if this fiscal stimulus will result in a sugar high or sustainable growth. James Manyika, McKinsey Global Institute Chairman &amp; Director, says manufacturing is on the upswing in the U.S.&nbsp;
Feb 23, 2018
The Key is Productivity, Rajan Says
2041
Bill Lee, Milken Institute Chief Economist, says his conviction is that inflation is not around the corner. Bob Miller, BlackRock Head of U.S. Multi-Sector Fixed Income, says risk-free rates have to go considerably higher before they start to work with equities. Raghuram Rajan, University of Chicago Booth Business School Professor &amp; Former Reserve Bank of India Governor, says it would be ideal for the new Fed Vice Chair to be someone who straddles both academic and policy worlds.&nbsp;
Feb 21, 2018
We Are Starting to Use Up Capacity, Ablin Says
1833
Jack Ablin, Cresset Founding Partner and Chief Investment Officer, says companies have seen a remarkable amount of pricing power; it was much more than he expected.Greg Valliere, Horizon Investments Chief Political Strategist, says Pennsylvania is uniquely blatant with their gerrymandering. Sam Stovall, CFRA Investment Strategist, says he does not see a recession on the horizon. Kevin Cirilli, Bloomberg Chief Washington Correspondent, calls in on his way to the White House to review the latest in Special Counsel Mueller's indictments.&nbsp;
Feb 20, 2018
Globalization in the Trump Era with Dr. Posen
2627
Adam Posen, Peterson Institute for International Economics President, says 3% growth is not sustainable. Jane Foley, Rabobank Head of FX Strategy, says a lack of budget discipline is considered to be negative for a currency. Michael Holland, Holland &amp; Co. Chairman and Founder, says the best time to sell is when the markets are enthusiastic. Vanessa Friedman, New York Times Fashion Director &amp; Chief Fashion Critic, and Robert Burke, Robert Burke Associates Chairman &amp; CEO, review New York Fashion Week and the state of luxury retail.
Feb 16, 2018
Good & Bad News: The Economy is Strong, Ward Says
2384
Howard Ward, Gabelli Funds CIO of Growth Equities, says he's not sure if this is a market rally that can be trusted. Terry Haines, Evercore ISI Head of US Policy &amp; Political Analysis, says Pres. Trump has proved not to be a Congressional Republican. Tobias Levkovich, Chief US Equity Strategist at Citi, thinks the next several earnings seasons are going to be good. Steven Cook, CFR Senior Fellow for Middle East &amp; Africa Studies, expects Sec. Tillerson to get a cold welcome in Turkey today.&nbsp;
Feb 15, 2018
Understand What You're Investing In, Rhodes Says
1891
John Ryding, Founder of RDQ Economics, thinks the stimulus we're getting is pretty unprecedented. Gideon Rose, Foreign Affairs Magazine Editor, says we're getting a global lesson in comparative politics right now. Frances Donald, Manulife Asset Management Senior Economist, says to pay attention to the retail sales number. Bill Rhodes, Citigroup Former Vice Chairman, thinks some investors have gone overboard because they didn't want to be left out.
Feb 14, 2018
We're Concerned About Fixed Income, Cohen Says
2194
Harm Bandholz, Unicredit Chief U.S. Economist, says we've just hit a new record high in terms of deficit. Stan Collender, Georgetown University’s McCourt School of Public Policy Professor, says it remains to be seen whether the bond vigilantes will be coming back in force. Abby Joseph Cohen, Goldman Sachs Advisory Director and Senior Investment Strategist, says she prefers to look at intermediate and long-term issues in the markets. Garrett Graff, Author of the "The Threat Matrix", says the thing he finds most fascinating about Special Counsel Robert Mueller is how straight his moral compass is.
Feb 13, 2018
Coming Soon: What'd You Miss This Week
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This month, Bloomberg is excited to bring you a brand new show. Every Friday on What'd You Miss This Week, we'll feature the most interesting interviews from Bloomberg's daily market close show, "What'd You Miss" hosted by Scarlet Fu, Julia Chatterley and Joe Weisenthal. We want to take you beyond the headlines and bring you a unique perspective on the week's top stories, and those you may just have missed. It's the perfect way to kick off your weekend. Be sure to subscribe now, so you don't miss a thing!
Feb 12, 2018
10-Yr to Hit 3% if Inflation Surprises, says Bory
1835
George Bory, Wells Fargo Securities Head of Credit Strategy, sees the 10-year hitting 3% if we get an inflation surprise on Wednesday. Jared Bernstein, Senior Fellow at the Center Budget and Policy Administration, says that politicians just haven't been able to resist spending. Robert Shiller, Yale Professor of Economics, believes efficient markets are a half-truth. Joachim Fels, PIMCO Global Economic Adviser, doesn't think the correction is enough to derail the economy.
Feb 12, 2018
Things Fall Apart (in the Markets), Gartman Says
1626
James Sweeney, Credit Suisse Chief Economist and International Wealth Management Division Americas CIO, thinks the market has been pricing in more policy than usual. Jeff Currie, Goldman Sachs Global Head of Commodities and Research, says the reflation story really began in April 2016. John Hudak, Brookings Senior Fellow of Governance Studies, says a lot of government agencies have had hiring troubles. Dennis Gartman, Gartman Letter Economist, Editor &amp; Publisher, says he's dismayed that the U.S. government can't get spending under control.&nbsp;
Feb 09, 2018
We're in Price Discovery Mode, Wilson Says
1934
Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says we haven't had portfolio disruption yet but he think it's to come. Doug Kass, Seabreeze Partners President, says the lesson learned in this week's liquidity event is that history rhymes. Paul Sweeney, Bloomberg Intelligence U.S. Director of Research, says Twitter is not a growth story but it is an engagement story. Admiral Stavridis, Dean of Fletcher School of Law and Diplomacy, says a military parade is not a good deal for troops.
Feb 08, 2018
Regulatory System is Absurdly Complex, King Says
2104
Kit Juckes, Societe Generale Chief FX Strategist, and Marc Chandler, Brown Brothers Harriman Global Head of Currency Strategy, discuss the latest in currency moves. Mervyn King, Former Bank Of England Governor, says we ought to be concerned about whether banking problems in other parts of the industrialized world could spill over into our economy.Bill Hoagland, Bipartisan Policy Center Senior Vice President, says you cannot govern in a country as large as the United States in a partisan way. Stewart Warther, BNP Paribas Head of U.S. Equity and Derivative Strategy, says it seems the market is anticipating that the worst is over.&nbsp;
Feb 07, 2018
Yesterday's Event is a VIX Event, Curnutt Says
1672
Dean Curnutt, Macro Risk Advisors CEO, and Bruce Kasman, J.P. Morgan Chief Economist, discuss the stock market plunge from a macro standpoint. Steven Major, HSBC Managing Director and Global Head of Fixed Income Research, says we've had several months of a one-way street with bonds going up and equities rallying. Sarah Ponczek, Bloomberg Cross-Asset reporter, gives us a breakdown of volatility. Alberto Gallo, Algebris Investments Head of Macro Strategies, says we've seen a small correction and we could see more.
Feb 06, 2018
Fed Sent a Powerful Signal on Friday, Wessel Says
1750
Chris Verrone, Strategas Research Partners Head of Technical Analysis, and Marcus Ashworth, Bloomberg Gadfly Columnist, take a close look at the market selloff. David Wessel, Brookings Institution's Hutchins Center on Fiscal and Monetary Policy Director, imagines that Fmr. Fed Chair Janet Yellen will continue to focus on labor markets in her work at Brookings. Michael Zezas, Morgan Stanley Chief U.S. Public Policy Strategist, says it's unclear what both sides are willing to accept in NAFTA negotiations to keep the trade deficit down. Margie Patel, Wells Capital Management Senior Portfolio Manager, says earnings look pretty good for the rest of the year.&nbsp;
Feb 05, 2018
Surveillance Special: The Fed Decides, Jan. 31, 2018
3417
Description: Tom Keene and Scarlet Fu are joined by Fmr. Federal Reserve Chair Alan Greenspan, Janus Henderson Portfolio Manager Bill Gross, Grant Thornton Chief Economist Diane Swonk, and in-house Bloomberg experts to break down Fed Chair Janet Yellen's final Fed meeting.&nbsp;
Feb 02, 2018
Full Employment is Not Perfection, Krueger Says
2113
Nouriel Roubini, Roubini Macro Associates Chairman and NYU Stern School of Business Professor, says bitcoin is the mother of all bubbles. Alan Krueger, Princeton University Economics Professor, says labor unions could do a better job of marketing themselves. Bill Gross, Janus Henderson Fund Manager, predicts retail is going to be sensitive from this point forward following this month's jobs report. Julia Coronado, President and founder of MacroPolicy Perspectives, says the most significant part of the jobs report is that there's finally wage growth. Erik Brynjolfsson, Director of the MIT Initiative, thinks we're on the verge of wave of innovation. Scott Soshnick, Bloomberg Sports Columnist, looks ahead to the Super Bowl.&nbsp;
Feb 02, 2018
Surveillance: Too Much Data, Too Little Analysis, Shilling Says
2209
Gary Shilling, A. Gary Shilling President, says complacency in the markets is extreme. David Kirkpatrick, Techonomy Media CEO, says he's seen user saturation coming for Facebook for some time. Kate Warne, Edward Jones investment strategist, advises investors to prepare for volatility. Mike Jackson, AutoNation CEO, says he's very concerned about the conversation around NAFTA.&nbsp;
Feb 01, 2018
Where's the Infrastructure Money, Goolsbee Asks
1880
Martin Feldstein, George F. Baker Professor of Economics at Harvard University, says it's going to be hard to convince Congress to add to the deficit with a significant infrastructure project. Jaret Seiberg, Cowen Washington Research Group Policy Analyst, says cryptocurrencies may become heavily regulated in the U.S. Austan Goolsbee, University of Chicago Booth School Professor, says the hypocrisy among lawmakers in Washington doesn't make any difference anymore. Bhaskar Chakravorti, The Fletcher School Senior Assistant Dean of International Business &amp; Finance, says Facebook needs to come to the reality that they're a major source of news and information.&nbsp;
Feb 01, 2018
NAFTA Decision will be Market Moving, Haines Says
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Chris Rupkey, MUFG Union Bank Chief Financial Economist, asks how Washington will pay for new infrastructure and healthcare programs following the tax cuts. Max Nisen, Bloomberg Gadfly Columnist, joins to breakdown the news that JPMorgan, Amazon, and Berkshire Hathaway are partnering to create a healthcare company for their U.S. Employees. Terry Haines, Evercore ISI Head of U.S. Policy &amp; Political Analysis, says he'll be listening for signals on housing finance and trade in President Trump's State of the Union Address tonight. Emily Roland, John Hancock Investments Head of Capital Markets Research, says it's likely we'll see an increase in volatility in 2018.&nbsp;
Jan 30, 2018
Weak Dollar is Great for EM, Santos Says
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Gabriela Santos, JPMorgan Asset Management Global Market Strategist, thinks President Trump's speech in Davos at the World Economic Forum was well received. Dana Telsey, Telsey Advisory Group CEO, says she is seeing experiential retail come to the forefront. Edward Alden, Council on Foreign Relations Senior Fellow, says U.S. manufacturers are crying bloody murder because they can't find trained workers. Kenneth Shea, Bloomberg Intelligence Senior Food and Beverage Analyst, phones in from Princeton to discuss the announcement that Keurig will buy Dr. Pepper Snapple Group Inc.
Jan 29, 2018
Inflation is a Major Risk, Rahbari Says
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Gene Sperling, Former National Economic Council Director, says President Trump has proven to be a very divisive figure and it has discouraged tourism in the U.S. Greg Valliere, Horizon Investments Chief Global Strategist, says to talk down the dollar is not constructive for the markets. Ebrahim Rahbari, Citigroup Head of Global Macroeconomics, says bilateral rather than multilateral agreements still work better with sovereign states. Keyu Jin, London School of Economics Professor, says China is making its own efforts to make regional trade agreements despite protectionist rhetoric elsewhere.&nbsp;
Jan 26, 2018
Trump Has Stolen the Show at Davos, Yergin Says
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Carsten Brzeski, ING-Diba Chief Economist, reacts to the European Central Bank Governor Mario Draghi's press conference. Angus Deaton, Nobel Laureate Economist, says policy towards labor in the U.S. is much more hostile than it is in Europe. Robert Sinche, Amherst Pierpont Global Strategist, says the momentum of the upside of the Euro is substantial. Daniel Yergin, IHS Markit Vice Chairman, says the rise of U.S. oil production is hugely significant.
Jan 25, 2018
Leaving NAFTA Makes No Sense, Frenkel Says
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Kenneth Rogoff, Harvard University Professor, and Laura Tyson, Berkeley Haas School School of Business Distinguished Professor, discuss tax cuts, the deficit, and the dollar. Jacob Frenkel, JPMorgan Chase International Chairman, thinks we should shift the discussion from nominal exchange rate to real exchange rate. Michael Neidorff, Centene CEO, says they've done very well with the Affordable Care Act. Anthony Scaramucci, Former White House Communications Director, says President Trump's delegation in Davos indicates they're going to cooperate with the global community.
Jan 24, 2018
Special: The Next Financial Crisis
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Tom Keene moderates a discussion with Barclays CEO Jes Staley, Citigroup CEO Michael Corbat, Carlyle Group Co-Founder David Rubenstein, Vice Chairman of China's Securities Regulatory Commission Fang Xinghai,Harvard University Professor Ken Rogoff and M&amp;G CEO Anne Richards. They speak at the World Economic Forum's annual meeting in Davos, Switzerland.
Jan 24, 2018
Trust in Government Has Imploded, Edelman Says
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Uber CEO Dara Khosrowshahi joins Bloomberg Editor-in-Chief John Micklethwait for a conversation at the World Economic Forum in Davos. Paul Sheard, S&amp;P Chief Global Economist, says central banks are a little too isolated. Stan Collender, Qorvis MSLGROUP Executive VP, says government shutdowns are the new normal. Richard Edelman, Edelman CEO, says 50% of people have turned off mainstream media partly due to the opinionated tone.&nbsp;
Jan 23, 2018
Markets Haven't Reacted to the Shutdown, Lee Says
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Bill Lee, Milken Institute Chief Economist, predicts the World Economic Forum is going to see a new phase of globalism that includes national priorities. Richard Attias, Global Event Management Founder, says it will be interesting to see what type of format President Trump adopts during his event in Davos. Greg Valliere, Horizon Chief Global Strategist, thinks the immigration debate is going to go on for a very long time. Michael Nathanson, MoffettNathanson Founding Partner and Senior Research Analyst, remains bearish on traditional media.&nbsp;
Jan 22, 2018
Commodity Currencies are Special, Ruskin Says
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Themos Fiotakis, UBS Co-Head of FX &amp; Rates, says European bond yields are too low and the market is trying to gauge when the central banks will adjust.&nbsp; Kona Haque, ED&amp;F MAN Head of Research, says coffee is still a very desirable, growing commodity. Isaac Boltansky, Compass Point Senior Analyst, feels highly confident that the debt ceiling will not be used as a game of chicken between the Democrats and Republicans. Andrew Bishop, Eurasia Group Deputy Director of Research, says President Trump will have to address three separate audiences at Davos: the global elite in attendance, his base, and China. Alan Ruskin, Deutsche Bank Global Head of G-10 FX Strategy, says the euro is still an important currency because everyone gets caught in the draft of it.&nbsp;
Jan 19, 2018
Coal is Going to Zero, Straszheim Says
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Jennifer Surane, Bloomberg Regional Bank Reporter, and Bill Blain, Mint Partners Head of Capital Markets, wrap Morgan Stanley's earnings. Brian Klaas, London School of Economics Fellow in Comparative Politics, says international election rigging is going to become the new normal. Don Straszheim, Evercore ISI Senior Managing Director of China Research, feels Washington doesn't want to be the global leader and China is incapable of it. Bart van Ark, Conference Board Chief Economist, says finding and retaining highly-skilled workers is one of the main concerns for CEOs.&nbsp;
Jan 18, 2018
The U.S. Is and Should Trade at a Premium, Herro Says
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Yalman Onaran, Bloomberg Senior Writer, and Janet Henry, HSBC Global Chief Economist, wrap bank earnings and provide an outlook for 2018. John Hudak, Brookings Governance Senior Fellow, says we're at a crossroads in U.S. politics in regards to infrastructure spending. David Herro, Harris Associates CIO for International Equity, says there is still space for Glencore to re-rate. Kristina Hooper, Invesco Chief Global Market Strategist, says there are definitely animal spirits about tax reform still.&nbsp;
Jan 17, 2018
Davos Ultimately Loves Power, Ferguson Says
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Robin Niblett, Chatham House Director, says we're moving to a stage where America's traditional allies cannot count on America to have their back. David Page, AXA Investment Managers Senior Economist, questions the sustainability of the growth that resulted from U.S. tax reform. Lindsey Piegza, Stifel Chief Economist, says she's still looking for something below 3% GDP growth in the fourth quarter. Niall Ferguson, Harvard University Professor, says the Chinese have evolved a completely different relationship between giant tech and government and it's going to be fascinating to see how the two co-exist.&nbsp;
Jan 16, 2018
We Expect 3 Rate Hikes, Zentner Says
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Brad Hintz, New York University Professor, and Dakin Campbell, Bloomberg Wall Street Reporter, start off earnings season with a review of JPMorgan's results. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says a cyclical pickup in productivity can stretch the CapEx cycle. Neil Dhar, PwC Head of Financial Services, says U.S. banks are strong and they're getting stronger.&nbsp;
Jan 12, 2018
Bond Bear Market Began 15 Months Ago, Gartman Says
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Russ Koesterich, BlackRock Global Allocation Fund Portfolio Manager, says less than 20% of the global bond market yields 4%.&nbsp; Komal Sri-Kumar, Sri-Kumar Global Strategies President and Founder, says you don't give money to the top 1%: the lower earners are the big consumers.Rep. Bill Pascrell, (D) New Jersey, says we're treating hardworking immigrants like second-class citizens. Dennis Gartman, Gartman Letter Editor and Publisher, says there's a fear we are starting a multi-decade bond bear market.
Jan 11, 2018
Moniz Says "Mistake" to Underestimate N. Korea
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Carl Weinberg, High Frequency Economics Founder, says he likes to think that President Trump's handlers are sending him to Davos to repair ties damaged over the past year. Jeff Currie, Goldman Sachs Global Head of Commodities Research, says shorting base metals in the midst of an economic expansion is a very dangerous proposition. Ernest Moniz, former U.S. Energy Secretary, says the denuclearization of the Korean Peninsula is a long-term goal. Bill Gross, Janus Henderson Fund Manager, says we're not headed to investment armageddon.&nbsp;
Jan 10, 2018
Euro at $1.30 Isn't An Extreme, Saravelos Says
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George Saravelos, Deutsche Bank Global Co-Head of FX Research, says asset valuations will be the biggest problem for the dollar this year. Stanley Collender, Qorvis MSLGROUP Executive VP, says as interest rates rise, it will begin to become a political problem. Jeff Sprague, Vertical Research Partners Managing Partner, provides an overview of the industrial sector. Jared Bernstein, Center on Budget &amp; Policy Senior Fellow, says when we hit the next recession, we will have too little monetary and fiscal space.&nbsp;
Jan 09, 2018
There are no 100% Embargoes, Tannebaum Says
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Neil Shearing, Capital Economics Chief Emerging Markets Economist, predicts we won't see any meaningful liberalization in China anytime soon. Daniel Tannebaum, PwC Principal and Global Sanctions Leader, says the multilateral sanction days are hanging by a thread. Diane Swonk, Grant Thornton US Chief Economist, says she's worried about the economy having a good year at the expense of future years. Eric Freedman, US Bank Wealth Management Chief Investment Strategist, says second and third derivative plays are the next level in global equity markets.&nbsp;
Jan 08, 2018
Tax Cut Impacts are Starting, Cohn Says
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<br>James Bullard, Federal Reserve Bank of St. Louis President, says the Fed should debate the meaning of a flattening yield curve. Alan Krueger, Princeton University Professor, says we'll see less infrastructure investment because of the tax bill. Bill Gross, Janus Henderson Fund Manager, says we're in a bond bear market but we won't lose a lot of money. Gary Cohn, National Economic Council Director, says the economy will continue to grow and add jobs.&nbsp;
Jan 05, 2018
Global Growth Isn't Sustainable, Silvia Says
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John Silvia, Wells Fargo Chief Economist, says the European economic strength has been surprising but it will simmer down.&nbsp; James Stavridis, Tufts Fletcher School Dean, says&nbsp; President Trump must up his game to resolve North Korea diplomatically. Alessio de Longis, Oppenheimerfunds Portfolio Manager, says the Fed is hiking at a much more gradual pace than we've seen historically. &nbsp;<br><br><br>&nbsp;<br><br><br>
Jan 04, 2018
Fed Should Remain Accommodative, Kocherlakota Says
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Ron Temple, Lazard Asset Management Managing Director &amp; Co-Head of Multi Asset, said 2018 will see higher interest rates on the long end of the curve. Former Minneapolis Fed President Narayana Kocherlakota said the Fed can stop inflation from coming by raising rates and is worried about the Fed still raising rates. Krishna Memani, OppenheimerFunds CIO, said because of the tax bill, there will be a short-term increase in growth and earnings. U.S. Representative Will Hurd (R-TX) said building a concrete wall is the least effective way to build border security.&nbsp;
Jan 03, 2018
2018 is Ripe for a Big Unexpected Crisis, Eurasia's Ian Bremmer Says
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Jack Lew, Former U.S. Treasury Secretary, said the U.S. economy needs a targeted investment. Ian Bremmer, Eurasia Group Founder and President, said most American companies are happy with Trump's domestic policies but not happy with his international policies. Dom Barton, McKinsey &amp; Co. Global Managing Partner said when trade deals go wrong, it's a race to the bottom. Vint Cerf, Google Chief Internet Evangelist, said our ability to use machine learning is quite impressive and we can absorb large amounts of data. Brad Smith, Microsoft President and Chief Legal Officer, said there is a real divide between urban and rural areas and we need financial innovation back in rural areas.<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br>&nbsp;<br><br><br>
Jan 02, 2018
Ireland Has Been a Success Story, Zingales Says
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Luigi Zingales, Chicago Booth Professor of Finance, says Ireland's success story is a result of its low tax rates attracting foreign investment. Michael Purves, Weeden And Co Chief Global Strategist, predicts tech and financials are going to continue to outperform next year. Julian Kheel, The Points Guy Senior Analyst, says we may see smaller seats on flights.
Dec 29, 2017
Surveillance: I Finally Sold GE, Holland Says
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Michael Holland, Holland &amp; Company Chairman, says the intrinsic value of a company can erode. Chris Edwards, CATO Institute Director of Tax Policy, thinks both the economy and the government will end up being winners under the GOP Tax law. Matt Brill, Invesco Advisers Senior Portfolio Manager, expects to see balance sheets expand well into 2019.&nbsp;
Dec 28, 2017
Surveillance: Richard Clarida Is Ideal for Fed, Crescenzi Says
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Tony Crescenzi, PIMCO Portfolio Manager, says anyone appointed to the Fed should be great at communication. David Burton, Heritage Foundation’s Senior Fellow in Economic Policy, says the tax legislation is a shadow of what it should have been. Kevin Cummins, Natwest Senior Economist, says the Fed rate hike pace won't be a threat to economic activity. RJ Gallo, Federated Investors Senior Portfolio Manager and Head of Duration Committee, says&nbsp; &nbsp; tax cuts don't pay for themselves.&nbsp;
Dec 27, 2017
Bitcoin's Usage Has Collapsed, Schoenholtz Says
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Kim Schoenholtz, Stern School of Business Professor, says Bitcoin's bubble won't be worrisome for the economy if it bursts. Sharyn O'Halloran, Columbia University Professor, says simplifying and closing loopholes would have done a lot for our tax system. Stephen Schork, Schork Group President, says $75 oil is a long ways off.
Dec 27, 2017
We Don't Need a Fiscal Stimulus, Furman Says
2015
Jason Furman, Former Council of Economic Advisers Chairman, offers a Surveillance correction for Tom Keene. Craig Moffett, MoffettNathanson Founder and Senior Research Analyst, says AT&amp;T stock may be one of the biggest winners from tax reform.&nbsp; Jerry Storch, Storch Advisors CEO and former Hudson's Bay CEO, predicts there will always be room for well-located, "A" malls. Diane Swonk, DS Economics Founder, is disappointed that instead of tax reform, we did tax cuts.&nbsp;
Dec 22, 2017
Taxes are By Definition Complicated, Kantor Says
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Charles Kantor, Neuberger Berman Group Managing Director/Portfolio Manager, says we've lived in an environment of unusually low volatility because of the tremendous amount of global liquidity. Stan Collender, MSLGROUP National Director of Financial Communications, says the Republicans have already started politicizing the deficit. Matt Winkler, Bloomberg Editor-in-Chief Emeritus, tells the story of the day he hired Tom Keene.&nbsp; Oliver Chen, Cowen and Company Senior Analyst, says micro-trends are happening all over the retail sector. &nbsp;<br><br><br><br>
Dec 21, 2017
Most Americans Will Get Tax Cuts, Lieber Says
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Chris Rupkey, MUFG Union Bank Chief Financial Economist, likes the upward movement in yields but he doesn't trust it. Jon Lieber, PwC Washington National Tax Services Principal, doesn't think the Democrats will score points going after the deficit. David Miliband, International Rescue Committee President &amp; CEO, says one of the phenomenons of globalization is people urbanizing, including refugees. Jim Bianco, Bianco Research LLC President &amp; Founder, says the benefit of bitcoin right now is that it only has buyers.&nbsp;
Dec 20, 2017
There's Slack in the Labor Market, Kashkari Says
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Robert Kaplan, Dallas Fed President, says the U.S. is lagging in educational attainment and it's hurting productivity. Neel Kashkari, Federal Reserve Bank of Minneapolis President, says the Fed should be cautious about raising interest rates further until they actually see inflationary pressures building. Bill Hoagland, Bipartisan Policy Center Senior Vice President, says the tax bill should be beneficial in the short term.&nbsp;
Dec 19, 2017
The Dollar Should Be Strengthening, Weinberg Says
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Carl Weinberg, High Frequency Economics Founder, says we're all just speculating about where bitcoin is going.&nbsp;<br>Antony Phillipson, U.K. Consul General to New York and Director General of International Trade North America, says completing phase 1 of Brexit negotiations was a big moment for the U.K. Bob Profusek, Jones Day Head of Mergers and Acquisitions, says "synergy" is often another word for job cuts when it comes to deals. Jared Bernstein, Center on Budget and Policy Administration Senior Fellow, says state budgets aren't in great shape.
Dec 19, 2017
Facts and Logic are Now Partisan, Gideon Says
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Bob Sinche, Amherst Pierpont Global Strategist, predicts U.S. bond yields will go higher next year. Gideon Rose, Foreign Affairs Editor, says one of the interesting things to watch in 2018 is the Saudi-Iranian relationship. Jens Nordvig, Exante Data CEO and Founder, foresees an institutional chapter in the cryptocurrency market. Sony Kapoor, Re-Define Managing Director, says he never lost faith in the EU's ability to stay together and be resilient, even in the depths of the European crisis.&nbsp;
Dec 15, 2017
Sky is a Real Crown Jewel, Disney's Iger Says
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Julia Coronado, MacroPolicy Perspectives President &amp; Founder, says one of the biggest disappoints of the year is that wage growth hasn't accelerated. Jan Hatzius, Goldman Sachs Chief Economist, predicts the unemployment rate is going to fall more rapidly than what the Fed forecasts. Steve Keen, Kingston University Economics Professor, says the major factor behind the rise in the S&amp;P is quantitative easing. Bob Iger, The Walt Disney Company Chairman and CEO, expects scrutiny from regulatory authorities worldwide following the acquisition of 21st Century Fox assets.<br><br><br><br><br>
Dec 14, 2017
Bannon Has to Own This Loss, Scaramucci Says
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Peter Hooper, Deutsche Bank Chief Economist, predicts unemployment is going into the mid-3s by the end of next year. Anthony Scaramucci, Former White House Communications Director, says there are great high-yielding assets in the hedge fund space. Greg Valliere, Horizon Investments CIO, says the Alabama election is a real wake up call to the GOP. Dennis Gartman, Gartman Letter Publisher, says the oat market has always been the canary in the coal mine of grains.&nbsp;
Dec 13, 2017
Turbulence Ahead in the Markets, Ward Says
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Howard Ward, Gabelli Funds CIO of Growth Equities, says it's time to be prepared for turbulence in the equity markets. Terry Haines, Evercore ISI Political Analyst, says whoever wins the Alabama election, the tax bill will still go forward. Brian Reynolds, Canaccord Genuity Asset Class Strategist, says credit cycles always end and when they do, it's badly. Cameron and Tyler Winklevoss, Gemini Co-Founders, say the great thing about the bitcoin futures contract is that naysayers can now short it.&nbsp;
Dec 12, 2017
Dr. Shiller Talks Bitcoin
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Robert Shiller, Nobel Laureate &amp; Yale Professor, is not sure it was a good idea to launch bitcoin futures because he thinks it's still not a reputable market. Isaac Boltansky, Compass Point Senior Vice President, says the likelihood of a government shutdown is dependent on whether or not the tax bill passes. Viraj Patel, ING FX Strategist, thinks this year was a learning point for markets.Don Rissmiller, Strategas Research Chief Economist, says he would not expect bold comments from the Fed anytime soon.&nbsp;
Dec 12, 2017
Surveillance: White House Would Love to Get Rid of the AMT Rate, Cohn Says
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Willem Buiter, Citigroup Global Chief Economist, says he would not give the GOP tax package particularly high marks. Alan Krueger, Princeton University Economics Professor, says the opioid crisis is a result of American medical practices and the government can do more to aid it. James Glassman, JPMorgan Chase Commercial Banking Head Economist, says if the U.S. stays at full employment, we'll hopefully see more wealth spread to rural economies.Bill Gross, Janus Henderson Fund Manager, reacts to the jobs numbers and says there are a number of structural forces that keep wages down. Gary Cohn, National Council of Economic Advisors Director, says that infrastructure reform is next after they get the tax bill passed.&nbsp;<br><br><br><br><br>
Dec 08, 2017
Surveillance: Volatility is a Part of the Game, Lane says
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Peter Oppenheimer, Goldman Sachs Chief Global Strategist, says there is still deep value in Europe. Omair Sharif, Societe Generale Chief U.S. Economist, does not foresee a ton of upside for healthcare next year. Jim Morris, Bloomberg News First Word Reporter, says this is the worst fire season Southern California has seen in years. Fred Lane, Lane Generational of Raymond James Managing Partner, says there is inevitably a bond bear market coming but it's not going to be that deep.
Dec 07, 2017
Surveillance: Feldstein Foresees Capital Inflows if Tax Bill Passes
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Martin Feldstein, Harvard University George F. Baker Professor of Economics, says now is the time for tax reform because the politics are right. Henry Olsen, EPPC Senior Fellow, says President Trump needs to recover his populist mojo. Matt Hornbach, Morgan Stanley Global Head of Interest Rates Strategy, says it's time for the next bond market phase. Michael Chui, McKinsey &amp; Co. Senior Fellow, says there is enough work for people to do, even with the increased use of robots.&nbsp;
Dec 06, 2017
Surveillance: Disney is Looking to Fox for Growth , Wieser Says
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Brian Wieser, Pivotal Research Group Senior Research Analyst, says Europe won't continue to let tech companies not pay taxes. Christopher Verrone, Strategas Research Partners Head of Technical Analysis, says small caps are in a position to reassume leadership. Megan Greene, Manulife Asset Management Chief Economist, says there is very little in the tax bill that will boost productivity. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, says it's a great environment for banks right now&nbsp;
Dec 05, 2017
Surveillance: Book of the Year, Galloway's "The Four"
2005
Scott Galloway, NYU Stern Professor and author of "The Four," told Jon Ferro and Tom Keene that we're about to see Margrethe Vestager go gangster on big tech regulation. Rich Greenfield, BTIG analyst, says it's not clear how Amazon, Apple, Facebook and Google will weaken given their size right now. Paul Sweeney, Bloomberg Intelligence Director of North American Research, says his team is beginning to analyze blockchain in the marketplace, from consumer to financial services.
Dec 04, 2017
Surveillance Special: The Bitcoin Debate
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Highlights from the roller coaster week for Bitcoin as it hit record highs and gets the green light from regulators to allow trading on the CME and Cboe. Guests include:Steen Jakobson, Saxo Bank Chief Economist, Joseph Stiglitz, Columbia University Professor, Christopher Ailman, CalSTRS Chief Investment Officer, Anne Richards, M&amp;G Investments Chief Executive, Robin Niblett, Chatham House DirectorJim McCaughan,Principal Global Investors CEO and Elaine Ou, Bloomberg View Columnist.
Dec 01, 2017
Blockchain is the Game Changer, Dr. Alankar Says
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Geoff Dennis, UBS Investment Bank Head of EM Strategy, says they have told their investors to be careful being long on technology. Stephen Schork, Schork Report President, says the Black Swan for the 2018 oil market is Saudi Arabia driving Qatar into the arms of Iran. Ashwin Alankar, Janus Henderson Global Head of Asset Allocation and Risk Management, thinks a lot of people are misinterpreting bitcoin as the blockchain. Ben Emons, Intellectus Partners Chief Economist, says Marvin Goodfriend's nomination could lead to a big shift in the Fed's agenda next year.<br><br><br><br><br><br><br>
Nov 30, 2017
We Have to Restructure Globalization, Stiglitz Says
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Joseph Stiglitz, Columbia University Professor, says the tax 'trigger' in the proposed tax bill is the worst kind of economic policy that you can imagine. Yanis Varoufakis, Former Finance Minister of Greece, says the architecture of the European economy can't sustain the shockwaves of this post globalization era. Jeffrey Currie, Goldman Sachs Global Head of Commodities Research, says its very surprising that the oil markets have not moved higher given the strength of the fundamentals and geopolitical risks. James Stavridis, Tufts Fletcher School Dean, says the chances of war in the Korean Peninsula have gone up.<br><br><br><br><br><br><br>
Nov 29, 2017
Coming Soon: Trillions, a New Podcast
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Money goes where it's treated best. That simple truth is a big reason why more and more money—trillions, in fact—flows into a powerful, low-cost tool that's quietly transformed investing in recent years. Exchange-traded funds, or ETFs, let you invest in everything from the stock market to gold like never before. This podcast will demystify them—and delight you in the process.
Nov 28, 2017
Trade is Complex These Days, No Longer Just Guns for Butter, Says OECD's Mann
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Richard Clarida, PIMCO Global Strategic Advisor, says Jerome Powell is an excellent appointment for Fed Chair. Catherine Mann, OECD Chief Economist, says it's not clear how much corporate tax reform is in the GOP package but we haven't seen the full details yet. Diane Swonk, Diane Swonk &amp; Associates CEO and Founder, says the payback from infrastructure spending has been lost on lawmakers over time.<br><br><br>
Nov 28, 2017
We Still Need Brick & Mortar Says Former Hudson's Bay CEO
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Julia Coronado, Macropolicy Perspectives President &amp; Founder, says a 3% productivity growth is unrealistic under any economic investment boom. Guy Chiarello, First Data President, says people are getting comfortable with online and mobile retail. Jerry Storch, Storch Advisors CEO and Former CEO of Hudson's Bay, says the future is bright for retailers who make rapid changes.<br><br><br><br><br><br>
Nov 27, 2017
The Most New Yorker New Yorker Tom Knows
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Howard Davidowitz, Davidowitz &amp; Associates, says he has a lot of doubts about Walmart being able to pull off the Amazon model. Grover Norquist, Americans for Tax Reform, says the Senate tax bill is likely to pass at the end of next week. Lin Noueihed, Bloomberg North Africa Bureau Chief, says the Egypt Sinai mosque attack is a particularly large scale attack. &nbsp;<br><br><br>
Nov 24, 2017
Knowledge is Power in Thanksgiving Travel, Kheel says
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Brian Levitt, OppenheimerFunds Senior Investment Strategist, says they're seeing a very nice investing backdrop in emerging markets. Philip Verleger, PK Verlerger President, says the recent events in Saudi Arabia are what are going to impact oil prices. Sony Kapoor, Managing Director, Re-Define, says businesses in the U.K. can no longer sit on their hands and wait to do their contingency planning for Brexit. Julian Mark Kheel, The Points Guy Senior Analyst, says U.S. Airlines have an eye on Ryanair because they'll have to compete with or match their ticket prices.<br><br><br>
Nov 22, 2017
M&A Volumes Peaked in 2015 Says Bory
2007
George Bory, Wells Fargo Securities Head of Credit Strategy, says this year's M&amp;A activity showed a notable slowdown because of politics and tax structure. Steve Bell, Bipartisan Policy Center Senior Advisor, says the Republican proposed tax bill will help the Democrats next year if passed. Tobias Levkovich, Citigroup Chief U.S. Equity Strategist, says Investors are caught between two very powerful forces: FOMO (Fear of Missing Out) and FOMU (Fear of Messing Up)..<br><br><br><br><br>
Nov 21, 2017
U.S. Politics Have Been Thoroughly Corrupted by Money, Sachs Says
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Harm Bandholz, UniCredit Chief U.S. Economist, says the time for tax reform is right but we don't need a tax cut in this environment. Jeffrey Sachs, Columbia University Professor, says the debt to GDP ratio has doubled in the last decade and will double again.Michael Nathanson, Moffettnathanson Founding Partner &amp; Senior Research Analyst, says Twitter is not a great place for advertising and branding. Steve Hanke, Johns Hopkins University Professor, says the political mess and resulting hyperinflation in Zimbabwe is transferable to other nations.&nbsp;
Nov 20, 2017
Rep. Jim Renacci Says He's a Big Believer in the 401(k)
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Representative Jim Renacci, a Republican from Ohio, says he's a big believer in the 401(k) and that the Republicans risk holding the majority if they don't pass the tax bill. Prior to that, Willem Buiter, Citigroup's chief economist, offers his global growth outlook for the year ahead. Finally, Rich Greenfield, a media analyst at BTIG, says future generations aren't going to watch linear TV but they'll consume more content than previous generations on an array of platforms.&nbsp;
Nov 17, 2017
Radical Technological Transformation is Embedded in This Cycle, Fisher Says
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Kathy Fisher, the head of wealth and investment strategies at AB Bernstein Private Wealth Management, predicts we're going to be in the longest recovery for the economy and markets we've ever seen in modern history. Libby Cantrill, PIMCO's head of public policy, says at best, the GOP bill is "tax reform lite." Mickey Levy, Berenberg's chief U.S. and Asia economist, says the lack of wage growth is a structural problem for the United States. Finally, Brooke Lampley, the incoming vice chairman of Sotheby's fine art division, says the $450.3 million sale of Leonardo da Vinci's "Salvator Mundi" is fitting given the scarcity and prominence of his work.&nbsp;
Nov 16, 2017
The U.S. has Isolated Itself from its Principle Trading Allies, Haass Says
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Richard Haass, president of the Council on Foreign Relations, says the U.S. has isolated itself from trading allies and that it shouldn't be complicit to Duterte's government in the Philippines. Dennis Gartman, publisher of the Gartman Letter, says the bull market for stocks has come to an abrupt stop. Finally, David Rosenberg, Gluskin Sheff's chief economist, says the bog bond story could be in China right now.
Nov 15, 2017
Collender Calls the GOP Tax Bill 'The Trump Family and Friends Tax Cut'
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Stan Collender, MSL Group's executive vice president, says the GOP tax bill isn't economic in origin, but totally political. Prior to that, Conrad DeQuadros, senior economist at RDQ Economics, says we're not yet at levels on the yield curve where we need to be worried about a downturn in the economy. Bloomberg TV anchor Jon Ferro joins for a beat to mourn Italy not qualifying for the 2018 World Cup. Rajiv Jain, founder and CIO of GQG Partners, says he's pretty upbeat on a long term basis about emerging markets in Africa. Finally, Nick Heymann, William Blair &amp; Co.'s co-head of global industrial infrastructure, says General Electric is attempting to offset its inherent cyclicality.&nbsp;
Nov 14, 2017
Jeff Sprague Says He Hasn't Had a Positive Rating on GE Since 2008
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Jeff Sprague, founder of Vertical Research Partners, predicts upwards of ten percent of General Electric staff will be out the door in the next 36 months. Prior to that, Seth Masters, the former CIO of AB Bernstein, says the changes at GE symbolically highlight the passing of the baton from the U.S. being defined as a great manufacturer to the industry contributing to a smaller portion of GDP. Jared Bernstein, a senior fellow at the Center on Budget and Policy Administration, says the $1.5 trillion loss from the tax bill makes the GOP look like fiscal chicken hawks. Finally, Ed Hammond, a senior deals reporter at Bloomberg News, says Qualcomm rejecting Broadcom is the least surprising news of the day.&nbsp;
Nov 13, 2017
It Will Take a Generation Before the Renminbi Plays a Global Role, Eichengreen Says
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Barry Eichengreen, a professor of economics at University of California Berkeley, discusses global currencies and comments on China's move to open markets for financial firms, saying "it will take time, if it happens." Prior to that, Gabriela Santos, global market strategist at JPMorgan Asset Management, says we should be expecting some correction in the markets. Finally, Steve Rattner, chairman at Willett Advisors, says there's a better than 50/50 chance that the House flips in the 2018 elections.&nbsp;
Nov 10, 2017
Edmund Phelps Says It's Be Good to Try Out Higher Interest Rates
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Nobel Laureate Edmund Phelps says it would be good to try out higher interest rates and that reopening coal mines in the U.S. wouldn't send a good signal to the rest of the world. Prior to that, Jens Nordvig, CEO of Exante Data, says if U.S. tax reform doesn't happen in the coming months, the dollar may drift weaker. Finally, Krishna Memani, Oppenheimerfunds' chief investment officer, says the core of the Fed under Jay Powell won't be dramatically different than under Janet Yellen.&nbsp;
Nov 09, 2017
GOP Is Struggling to Sew Up Divides From Within, O'Brien Says
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Timothy O'Brien, executive editor at Bloomberg View and Bloomberg Gadfly, discusses last night's election results and says collusion isn't a threat to President Trump, but bribery may "bring the hen to roost." Prior to that, Axel G. Merk, president of Merk Investments, says the biggest tail-risk right now is if China retaliates with trade policy. Steven Major, HSBC's head of fixed income research, says the ECB has missed its chance to hike. Finally, Senator Shelley Moore Capito, a Republican from West Virginia, says we need to find a non-addictive pain medicine and fund more research to beat the opioid crisis.&nbsp;
Nov 08, 2017
Trump Isn't Draining the Swamp, He's Filling it With His Own Alligators, Perez Says
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Thomas Edward Perez, chairman of the Democratic National Committee, discusses today's elections and says President Trump is filling the swamp with his own alligators. Prior to that, Ted Alden, a senior fellow at the Council on Foreign Relations, says the U.S. is a reasonably low-taxed country. Ralph Northam, the lieutenant governor of the state of Virginia, says Trump has released detrimental policies in Washington. Finally, Stephen Kotkin, a professor of history and international affairs at Princeton University, says Russia is at a weak point right now.&nbsp;
Nov 07, 2017
Ross Says He 'Will Probably Sell Stake' in Putin-Linked Company
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Francine Lacqua sits down for a conversation with U.S. Commerce Secretary Wilbur Ross following reports of Russia linked investments. Then, Michael McKee discusses NY Fed President William Dudley's recent retirement announcement. Prior to that, Jonathan Golub, Credit Suisse Securities' chief U.S. equity strategist, says the markets are perceiving Jay Powell as a continued Janet Yellen governance. Howard Gleckman, a senior fellow at the Tax Policy Center, says the Republican tax bill's proposed 20 percent corporate tax rate won't survive. Finally, Mohammed Alyahya, a nonresident fellow at the Rafik Hariri Center for the Middle East, says the issue of a Saudi corruption 'Band-Aid' is being torn off but perhaps may lead to uncertainty.&nbsp;
Nov 06, 2017
Alpha Generation Is Getting Much Harder, Gross Says
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Bill Gross, a fund manager at Janus Henderson, says it's getting much harder to generate alpha and the Fed can't raise rates much further before it hurts the economy. Prior to that, Adam Posen, president of the Peterson Institute for International Economics, says there's an 85 percent chance that the GOP tax proposal will go through. Finally, Joachim Fels, a global economic advisor at PIMCO, says we're stuck in the new neutral and there's no escape from the savings glut.&nbsp;
Nov 03, 2017
U.S. Economy Is at a Point of Structural Change, Joseph Cohen Says
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Abby Joseph Cohen, Goldman Sachs' senior investment portfolio strategist, says the economy is at a point of structural change and she's disappointed that Janet Yellen won't be picked again for Fed Chair. Danny Blanchflower, a professor at Dartmouth College, says the Bank of England rate raise in an already slowing economy will slow it even more. JPMorgan's John Bilton says the U.S. has a reasonable labor force growth compared to other markets. Finally, Gordon Wood, author of "Friends Divided: John Adams and Thomas Jefferson," says the U.S. really needs a multiparty political system.&nbsp;
Nov 02, 2017
When Big Tech Tells You 'It's Impossible', That's Latin for 'It's Less Profitable', Galloway Says
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Scott Galloway, a professor at NYU's Stern School of Business, says it's not a question of can Big Tech become too big, but can it become too powerful. Prior to that, Steven Wieting, Citi Private Bank's chief global investment strategist, says monetary policy won't be the driving force changing economic markets if Jay Powell becomes Fed Chair. Rick Mishkin, a professor at Columbia University's Business School, says Jay Powell would do a terrific job as Fed Chairman, but Janet Yellen would still be better. Finally, Austan Goolsbee, former chairman of the U.S. Council of Economic Advisors, says Congress isn't even remotely trying to get a 1986-style "comprehensive" tax reform.&nbsp;
Nov 01, 2017
Manafort's Financial Crimes Were Well Known. Papadopoulos's Indictment Was a Surprise, Former Watergate Special Prosecutor Says
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Richard Ben-Veniste, a partner at Mayer Brown and a former Watergate special prosecutor, says George Papadopoulos's indictment was a surprise and that Robert Mueller is running an efficient and appropriate investigation. Prior to that, Richard Clarida, a strategic advisor at PIMCO, says President Trump is choosing from the right group of people in the Fed Chair shortlist. Greg Valliere, Horizon Investments' chief global strategist, says anyone that's been in contact with Papadopoulos will be questioned by the FBI. David Herro, Harris Associates' CIO of international equity, says making Christopher Bailey an executive at Burberry was a mistake. Finally, Jeff Jarvis, a journalism professor at CUNY Graduate School, says it's too early to start government regulation of the internet.&nbsp;
Oct 31, 2017
Adoption of 'Market Economy' Model Has Led to China Growth, Mobius Says
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Mark Mobius, Templeton Emerging Markets Group's executive chairman, says China is a "planned" economy and the Communist party will step in at any moment of crisis. Prior to that, Christopher Grisanti, founder of Grisanti Capital Management, says Apple will sell a lot of $1,100 phones. Terry Haines, Evercore ISI's managing director, says the world of Washington D.C. won't stop, despite any Trump-Russia related indictments. Finally, Cass Sunstein, a Bloomberg View columnist and the author of "Impeachment: A Citizen's Guide," says the important track to follow in Mueller's indictments is the connection to the White House.&nbsp;
Oct 30, 2017
Democrats Need to Get a Program and They Don't Have One, Fiorina Says
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Former Republican Presidential candidate Carly Fiorina says Democrats need to get a program and criticizing Donald Trump isn't enough. Prior to that, Vincent Reinhart, Standish Mellon's chief economist, says Jay Powell as a Fed Chair would be different than Jay Powell as a Fed governor. Nathan Sheets, PGIM's chief economist, says China's President Xi has set himself up for not just five years, but 10 years of rule. Paul Hanly Jr, attorney and shareholder at Simmons Hanly Conroy, says Trump's speech on the opioid epidemic was a disappointment. Brian Wieser, a senior research analyst at Pivotal Research, says Twitter suffers from "shiny object syndrome." Finally, Carlyle Group Co-Founder David Rubenstein says it's important that Carlyle maintains its culture through its executive shakeup.&nbsp;
Oct 27, 2017
Labor Is Moving Towards Obsolescence, Henry Kaufman Says
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Henry Kaufman, president of Kaufman &amp; Co., says robots will replace human labor. George Friedman, chairman of Geopolitical Futures, says it doesn't matter what President Trump wants, NAFTA will ultimately be decided upon by Congress. Finally, Arthur Levitt, former SEC chair, says a single, global model for market research would be spectacular.&nbsp;
Oct 26, 2017
Surveillance Special: A Conversation With Bridgewater's Ray Dalio
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Ray Dalio, Bridgewater Associates Co-Chairman and Founder discusses his latest book, 'Principles', the future of the Fed and why the worst asset class to be in is cash.
Oct 26, 2017
Surveillance Bonus: Reflections on the Assassination of JFK
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With the final trove of records on John F. Kennedy's assassination due to be released after more than half a century, Bloomberg's Tom Keene and Bob Moon look back at a day that will be forever seared into the collective memory of the nation.
Oct 25, 2017
'The Swamp' is Washington's Government Spending, Rep. Brat Says
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Representative Dave Brat, a Republican from Virginia, says more Americans should raise a ruckus about government spending. Greg Valliere, Horizon Investments' chief global strategist, says Trump's base will continue to hang in there and as long as they do, he's inoculated. Michael Purves, Weeden &amp; Co.'s head of equity and derivatives strategy, says you can expect the VIX to reprice if volatility continues to stay low. Finally, Wells Fargo Securities' Mike Mayo and Mike Schumacher discuss the state of banking on Wall Street and the future of the Federal Reserve.
Oct 25, 2017
Trump Is Taking the Fed Chair Decision 'Very, Very Seriously,' Ross Says
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U.S. Commerce Secretary Wilbur Ross says the Fed Chair is an important decision that President Trump is taking very, very seriously. Prior to that, Stephen Roach, a senior fellow at Yale University, says China has operated on the same principle of contradictions since the 1980s. Craig Moffett, senior research analyst at Moffettnathanson, says the wireless industry in the U.S. is shrinking partly because of T-Mobile. Senator Cory Gardner, a Republican from Colorado, says Colorado has grown to become a great 'software' state for tech. Steven Swartz, president and CEO of Hearst, says the magazine business is tougher now but his company has been around a long time and will be around for a lot longer. Finally, Virginia Governor Terence McAuliffe says the new Virginia economy is focused on jobs that aren't always related to technology.&nbsp;
Oct 24, 2017
Japan Markets Could Be in a Period of 'Fresh New Start,' Vail Says
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John Vail, Nikko Asset Management's chief global strategist, says Japan is pessimistic about their own economy, but the markets could be in a period of a "fresh new start." Prior to that, Torsten Slok, Deutsche Bank's chief international economist, says the big thing to look out for from the ECB is an end date to QE. Finally, Lupin Rahman, PIMCO's executive vice president of sovereign credit, says politics are a source of alpha within emerging markets.
Oct 23, 2017
More Portfolio Pruning to Come at GE, Heymann Says
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Nicholas Heymann, an analyst at William Blair, says GE's John Flannery is moving at lightspeed in changing the company. Prior to that, Michael Darda, chief economist at MKM Partners, says long rates don't look like they're headed up dramatically any time soon. Robert Hormats, Kissinger Associates' vice chairman, says the current administration's level of engagement with China isn't enough. Senator Chris Van Hollen, a Democrat from Maryland, says middle-class tax payers will be hit hard under President Trump's tax plan. Finally, Rich Greenfield, an analyst at BTIG, says Amazon's prepared to take football rights away from legacy media.&nbsp;
Oct 20, 2017
Markets Have Been Ridiculously Overpriced for Weeks, Gartman Says
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Dennis Gartman, the editor and publisher of the Gartman Letter, reacts to the recent highs in the stock market and says markets have been ridiculously overpriced lately. Prior to that, Alan Ruskin, Deutsche Bank's global head of G-10 FX strategy, says 1987's Black Monday was extraordinary but 2008 was far worse. Finally, Saadia Madsbjerg, the managing director at the Rockefeller Foundation, says the forest fire prevention budget is under pressure.&nbsp;
Oct 19, 2017
A Central Bank Inflation Issue Is Looming, Kasman Says
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Bruce Kasman, JPMorgan's chief economist, says we don't have a Central Bank inflation issue at this stage, but that is looming. Representative Mark Walker, a Republican from North Carolina, says people are hurting under Obamacare, but insurance companies aren't. Finally, Enda Kenny, the former Prime Minister of Ireland, says there's no reason why Britain couldn't be a global power within the current European Union.&nbsp;
Oct 18, 2017
The Bull Market Feels Best Near the End, Kass Says
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Doug Kass, president of Seabreeze Partners Management Inc., tells Tom Keene and David Gura how a short seller survives during a bull market. Bill Lee, chief economist at the Milken Institute, says a John Taylor Fed chairmanship would give us more predictable framework than current Federal Open Market Committee language does. Finally, Gideon Rose, editor of Foreign Affairs magazine, says that when it comes to foreign policy, it's better to watch than listen.&nbsp;
Oct 17, 2017
Credit Default Market Is Smaller Today, Eisman Says
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Steve Eisman, a portfolio manager at Neuberger Berman, talks about the smaller credit default market and says banks will increase their percentage of stock buybacks. Former Oklahoma Senator Tom Coburn says the insurance market needs price discovery and transparency. Finally, Nariman Behravesh, chief economist at IHS, says there was a split at the IMF meeting last week, with European bankers and policymakers worried and their U.S. counterparts more optimistic.
Oct 16, 2017
U.S. Jobless Rate Could Go Under 4 Percent, Rosengren Says
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Federal Reserve Bank of Boston President Eric Rosengren talks about the jobless rate and changing inflation dynamics. David Lipton, the first deputy managing director of the IMF, says the IMF has favored tax reform in the U.S. for a long time. David Malpass, the under secretary of the Treasury for International Affairs, says he'd like to see more growth in the U.S. and abroad. Nouriel Roubini, a professor at NYU's Stern School of Business, says monetary policy should be more aggressive if inflation is going to stay low. Finally, Pierre Moscovici, the European Commissioner for Economic and Financial Affairs, Taxation and Customs, says populism in Europe has lost battles but not the war.
Oct 13, 2017
World Bank/IMF Meetings Special: 25 Percent of World Not Enjoying a Strong Recovery, Lagarde Says
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Live from the World Bank/IMF Meetings in Washington DC. Christine Lagarde, IMF's managing director, says the IMF has repeatedly said corporate tax reform was needed in the U.S. Prior to that, World Bank President Jim Yong Kim says the World Bank is talking with the U.S. about infrastructure and private-sector development. The World Bank is also launching a women's initiative with Ivanka Trump this weekend.&nbsp;
Oct 12, 2017
We See 2 Percent Growth This Year, Colombia's Finance Minister Says
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Mauricio Cardenas, Colombia's finance minister, says oil prices are the reason for lower GDP growth levels. Prior to that, Jason Furman, former chairman at the Council of Economic Advisers, says he's confident the Trump administration can keep up with the Ph.D.'s of the IMF. Ken Leon, a bank analyst at CFRA, says JPMorgan is more efficient than its peers. Klaus Regling, the managing director of the European Stability Mechanism, says lower taxes can help economic growth. Finally, South Africa's Central Bank Governor Lesetja Kganyago says the government is stable despite political contestation.&nbsp;
Oct 12, 2017
We Shouldn't Fear 2.5 Percent Inflation, Charles Evans Says
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Charles Evans, the president of the Federal Reserve Bank of Chicago, discusses inflation expectations and says we should be spending time above two percent inflation. Christopher Scalia, editor of "Scalia Speaks," talks about his dad Antonin Scalia and reflects on law and faith. Mike Mayo, the head of U.S. large-cap bank research at Wells Fargo, says banks seek returns and profitability and not market share. Finally, William Blair's Nick Heymann says Honeywell isn't broken, just simplifying.&nbsp;
Oct 11, 2017
Minuscule Volatility in Stocks Is Puzzling, Thaler Says
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Richard Thaler, the winner of the Nobel Prize in Economics, discusses volatility in stocks and says stocks can't be based on the certitude that there will be a massive tax cut. Prior to that, Kevin Hassett, the chair of the Council of Economic Advisers, says tax reform deserves bipartisan support. Luigi Zingales, a finance professor at the University of Chicago's Booth School of Business, says it's impossible to think about economics without behavioral economics. Finally, Olivier Blanchard, a senior fellow at the Peterson Institute, says tax reform won't boost growth. &nbsp;
Oct 10, 2017
Thaler's Nobel Win is Great, Hubbard Says
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Glenn Hubbard, the dean of Columbia University Business School, discusses Richard Thaler's "great" Nobel Prize win. Andreas Dombret, a board member at Deutsche Bundesbank, says the Basel Committee is moving closer and closer to a deal. Yale University's Robert Shiller says behavioral economics is the most important thing to happen in economics in the last 20 years. Finally, Randall Kroszner, a professor of economics at the University of Chicago's Booth School of Economics, says adding humanity into economics has been a transformation in recent years.&nbsp;
Oct 09, 2017
Neel Kashkari Would Be Bill Gross's Choice for Fed Chair
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Janus Henderson's Bill Gross says Neel Kashkari would be his choice for chair of the Federal Reserve, but doesn't see it happening. Princeton's Alan Krueger says the tax proposals could have substantial effects on the U.S. economy. Finally, Gary Cohn, director of the U.S. National Economic Council, says the stock market reflects President Trump's economic plan.
Oct 06, 2017
Macron, Merkel, and May Are Polling Lower Than Trump, Chandler Says
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We are in an era of weak leadership, says Marc Chandler, Brown Brothers Harriman's global head of currency strategy, and the support ratings for some leaders in Europe are lower than Donald Trump's. Eurasia Group's Jon Lieber says the military has a strong command on Trump's foreign policy. Finally, Representative Peter Roskam, a Republican from Illinois, says the end game is transformational tax reform.
Oct 06, 2017
Tillerson Should Resign, Haass Says
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Richard Haass, president of the Council on Foreign Relations, says Rex Tillerson can't succeed in his role as Secretary of State and that it's hard to run a disciplined operation under this administration. Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities, says a lot of economists are worried about the proposed tax plan's impact on deficit and debt. Finally, Willett Advisors' Steve Rattner says it's the White House's responsibility to "herd the cats" and bring people together.
Oct 04, 2017
A One-On-One with Fed's Stanley Fischer
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Tom Keene sits down with Fed Vice Chairman, Stanley Fischer in an interview on Fed policy and the future of the Fed before his departure from the role.&nbsp;<br><br><br><br>
Oct 04, 2017
Many Failed to Grasp the Magnitude of Shift in Society, Ferguson Says
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Lawmakers and executives are struggling to keep up with the influence of social networks and modern communication, Niall Ferguson, a senior fellow at the Hoover Institution, says. JPMorgan's John Normand says Brexit seems to be going soft. Finally, Representative Jan Schakowsky, a Democrat from Illinois, says the cardinal sin of politics is disrespect.
Oct 03, 2017
Ken Burns Says We've Grown Numb to Violence
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Filmmaker Ken Burns discusses the state of American gun legislation and his latest documentary, "The Vietnam War." Bob Profusek, a partner and head of M&amp;A at Jones Day, says people within China's deal environment aren't worried about currency or regulation, but the attitude of the U.S. administration. Steven Barr, PWC's consumer markets leader, says physical retail may be stronger this holiday season. Finally, former Acting CBO Director Donald Marron says there's evidence that links tax cuts and economic growth, but it isn't as compelling as some think.&nbsp;<br><br><br>
Oct 02, 2017
Gary Cohn Says The U.S. Must Invest in Itself
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Gary Cohn, the director of the National Economic Council, says the Trump administration is creating a tax plan that encourages Americans to invest in the future of the country. Christopher Giancarlo, chairman of the U.S. Commodity Futures Trading Commission, says the CFTC needs a 12 percent budget increase for more examiners, more economists and more technology. Ken Sena, a senior analyst at Wells Fargo Securities, reveals how his proprietary research into AI could shift the landscape for investors. Representative Tom Reed, a Republican from New York, talks about the proposed tax plan and says we have to reward hard work, not penalize it.
Sep 29, 2017
We Need to Bring Back Up to $3 Trillion in Overseas Corporate Capital, Moore Says
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Stephen Moore, a former economic adviser for the Trump campaign, says corporations are holding up to $3 trillion abroad that needs to be brought back to the U.S. to get the economy growing. Prior to that, Dennis Gartman, editor and publisher of the Gartman Letter, says Bitcoin and other cryptocurrencies are ridiculously priced. Americans are tired of waiting for what the GOP said it would do, Republican Representative Jim Jordan says. Finally, Janus Henderson's Ashwin Alankar says as long as interest rates stay low, it's hard for volatility to rise.&nbsp;
Sep 28, 2017
U.S. Faces Disconnect Between Urban and Industrial Economies, Dionne Says
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E.J. Dionne, the author of "One Nation After Trump" and a columnist at The Washington Post, says one of the biggest problems the U.S. faces is the disconnect between the economies of metro areas and smaller, industrial ones. It's great to have a turnover in Congress, according to Senator Pat Toomey, a Republican from Pennsylvania. Markets are drowning in cash, Bob Michele, managing director at JPMorgan Asset Management, says. CFRA's Lindsey Bell says equities are "the best house on the block." Finally, Chad Thomas, Bloomberg's bureau chief in Berlin, says Angela Merkel and German Finance Minister Wolfgang Schaeuble have a "love-hate" relationship.&nbsp;
Sep 27, 2017
We'll See a Split in Market Research, Ailman Says
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Chris Ailman, CIO of CalSTRS, says we'll see a split in market research and when it's valuable, people should be willing to pay for it. OPEC's power is diminishing but it still has the power to jawbone the price of oil, Bloomberg Intelligence's Mike McGlone says. Senator Chris Van Hollen, a Democrat from Maryland, says his party needs to refocus on what the Democratic party has always stood for: the chance for everybody to have a good job and decent future. Former Health and Human Services Secretary Kathleen Sebelius says more competition is the best rate restrictor in health care. Finally, Joel L. Fleishman, a professor at Duke University, talks about his book "Putting Wealth to Work: Philanthropy for Today or Investing for Tomorrow?" and says the most interesting things in life are the ones that can't be measured.&nbsp;
Sep 26, 2017
Germany's An Election Cycle Away From Generational Change, Kornblum Says
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John Kornblum, the former U.S. Ambassador to Germany, questions if Germany's next generation will jump into the digital world or become more national oriented. Jeromin Zettelmeyer, the former director-general for economic policy at the German Federal Ministry for Economic Affairs and Energy, says Germany's governing coalition has done very well economically. John Vail, the chief global strategist at Nikko Asset Management Americas, says the Japanese people are actually against inflation. The oil industry's in denial about electric cars, PK Verleger President Phil Verleger says. Finally, Cornell University's Eswar Prasad says the PBOC is in a good spot with the renminbi.
Sep 25, 2017
U.S. Is the Least Protectionist Major Economy in the World, Ross Says
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U.S. Commerce Secretary Wilbur Ross says that NAFTA is killing jobs and that the U.S. is the least protectionist major economy in the world. Prior to that, Ellen Zentner, Morgan Stanley's chief U.S. economist, says it's impossible to sustain three percent GDP growth with U.S. productivity the way it is. Finally, David Rubenstein, co-CEO of the Carlyle Group, says CBS CEO Les Moonves has an ability to pick shows that work.&nbsp;
Sep 22, 2017
Bipartisan Health-Care Bill Basics Were 'Torpedoed,' Kaine Says
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President Trump, Paul Ryan and Mitch McConnell torpedoed the bipartisan effort to pass healthcare, Senator Tim Kaine says. Prior to that, Wolfgang Ischinger, chairman of the Munich Security Conference, says there's no way that Germany, France or the U.K. can replace the leadership of the U.S. Finally, Stephen Roach, a senior fellow at Yale University, says there's a "tug of war" in China between the role of the state and the role of the markets.
Sep 21, 2017
Market Economy Can't Succeed With Near-Zero Rates, King Says
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The former governor of the Bank of England, Mervyn King, talks about how the financial crisis changed the banking culture and says a market economy can't succeed with near-zero interest rates. Martin Sorrell, CEO of WPP, says the uncertainty Brexit caused has been excruciating for his company. Finally, David Rubenstein, co-CEO of the Carlyle Group, defends the liberal arts education as important in business.
Sep 20, 2017
Fed Doesn't Have the Adequate Tools, Koesterich Says
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Ahead of Wednesday's Fed meeting, Russ Koesterich, a global allocation fund manager at BlackRock, discusses criticisms of the U.S. central bank and says rates aren't an ideal tool for tackling income inequality. Toby Cosgrove, the president of the Cleveland Clinic, says people must recognize the magnitude of the opiod crisis and it's up to the state and federal governments to solve it. Douglas Holtz-Eakin, the president of the American Action Forum, discusses the deficit and its disservice to the overall economy. Finally, Gary Bettman, the commissioner of the National Hockey League, says new guidelines have opened up hockey to become a game of speed and skill.&nbsp;
Sep 19, 2017
Congress Has to Change Its 19th-Century Structure, Harman Says
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Congress needs to disrupt its 19th-century structure, while still respecting the institution, Jane Harman, the president and CEO of the Woodrow Wilson Center, says. Willett Advisors' Steve Rattner says the existential question for Apple is what is the next act and is Tim Cook able to produce it? Finally, Princeton economist Alan Krueger discusses the connection between the opioid crisis and labor force participation.
Sep 18, 2017
No Complexity in Closing Eclectica Fund, Hendry Says
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Hugh Hendry, the founder of Eclectica Asset Management, discusses the motivations behind the decision to close the Eclectica Fund and says the global macro game will get fun again in the future. Sen. Ben Cardin, a Democrat from Maryland, says the only way our political system will function is if Republicans and Democrats work together. Fortress Investments' Wes Edens, Marc Lasry, the founder of Avenue Capital Group and co-owner of the Milwaukee Bucks, and Jamie Dinan, the founder of York Capital Management, talk about investing in a "tough" environment and the evolution of basketball. Finally, Christopher Hill, former U.S. Ambassador to South Korea, says the U.S. and China must do more than sanctions against North Korea.&nbsp;
Sep 15, 2017
Crazy There's More Choice of Mayonnaise Than Schools, Kennedy Says
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It's embarrassing that parents have more choices of mayonnaise at the supermarket than they do schools to send their children to, Sen. John Kennedy, a Republican from Louisiana, says. Pimco's Rich Clarida says technology, trade, and immigration are working together to create anxiety for Americans. Finally, former CIA director Jim Woolsey says Russia's interference with elections isn't new--it's the cyber-tactics they're using.
Sep 14, 2017
There's a Surplus of Unskilled Workers and an Urgent Need to Get Them Trained, Herro Says
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We need to focus on getting workers the skills they need for the jobs that need filling, David Herro, Harris Associates' CIO of international equity, says. Michael R. Bloomberg, founder and majority owner of Bloomberg LP, and Daniel Huttenlocher, dean of Cornell Tech, discuss the university's new campus on Roosevelt Island. Finally, Gene Munster, co-founder of Loup Ventures, says Apple is defying the laws of physics in pricing its products.
Sep 13, 2017
You Need Capital to Believe in Capitalism, Bremmer Says
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Most Americans no longer believe the American dream applies to them, Ian Bremmer, president of the Eurasia Group, says. Peter Henry, the dean of NYU's Stern School of Business, says many are still enthusiastic about jobs in public service. Finally, the retention rate of Apple iPhone users is higher than any other product out there, Walter Piecyk, an analyst at BTIG, reports.
Sep 12, 2017
If Trump Asked Me to Chair the Fed, I’d Do It, Stiglitz Says
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Nobel winner Joseph Stiglitz, currently an economics professor at Columbia University, says if President Trump asked, he would agree to lead the Federal Reserve. Prior to that, Elaine Kamarck, a senior fellow at the Brookings Institution, says Trump seems bent on making enemies in Washington. Jonathan Miller, CEO of Miller Samuel, says 16 years after 9/11 lower Manhattan’s pace of gentrification has accelerated. Finally, Kurt Andersen, host of Studio 360, discusses his new book, Fantasyland: How America Went Haywire, tracing the Internet’s evolution as a launch pad for lies and what laid the groundwork for it.
Sep 11, 2017
The Fed Is in The Midst of a 'Beautiful Normalization,' El-Erian Says
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Mohamed El-Erian, a columnist at Bloomberg View, says the Fed is in the midst of a "beautiful normalization" and needs a team approach. Prior to that, Chuck Gabriel, founder of Capital Alpha Partners, says President Trump's deal with Democrats will only make tax reform harder. Finally, Jeffrey Solomon, president of Cowen and Co., says the research industry is at a point where excellence wins and mediocrity is eliminated.&nbsp;
Sep 08, 2017
Two Percent Inflation Target Is Achievable, Plosser Says
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Former Philadelphia Fed President Charles Plosser says two percent inflation target is achievable and vacancies at the Fed are the result of politicization. Gregg Lemkau, Goldman Sachs' co-head of investment banking, says the lack of predictability in the Trump administration has people pausing on deals and transactions. Finally, Atul Lele, Deltec's chief investment officer, says U.S. economic expansion has been driven mainly by private industry.
Sep 07, 2017
America Changes Immigrants, Not the Opposite, Gutierrez Says
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Former U.S. Secretary of Commerce Carlos Gutierrez discusses the need for more comprehensive immigration reform. Prior to that, Peter Hayes, BlackRock's head of municipal bonds, says one must believe in the long-term efficacy of a particular state when buying bonds. Finally, Kathleen Fisher, AllianceBernstein's head of wealth and investment strategies, says small banks buying even smaller ones.
Sep 06, 2017
Kim Jong-Un Threats Amount to 'Get Off My Lawn,' Kimmitt Says
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North Korea's Kim Jong-Un wants the U.S. to "get off his lawn" and Americans shouldn't worry about nuclear war any time soon, says Mark Kimmitt, the former U.S. assistant secretary of state for political-military affairs. Prior to that, James Stavridis, dean of the Fletcher School at Tufts University, says China holds North Korea's leash. Finally, Steve Bell, a senior advisor at the Bipartisan Policy Center, says there's a chance of tax cuts in early 2018.
Sep 05, 2017
Jobs Report Is Weak, Gross Says
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Bill Gross, a fund manager at Janus Henderson, says this is a weak jobs report and that he sees the U.S. budget deficit increasing. Prior to that, Jim Glassman, JPMorgan's head economist for commercial banking, says economists should worry when businesses stop worrying. Gary Cohn, director of the White House National Economic Council, says a tax blueprint will be coming out in the next couple of weeks. Finally, Brian Kelly, founder of The Points Guy, says avoid flying to Houston, but if you are, ask for a "weather waiver."
Sep 01, 2017
Gasoline May Jump as Much as 40 Cents a Gallon, Gartman Says
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Dennis Gartman, editor and publisher of the Gartman Letter, says there won't be any gasoline from the Colonial pipelines for the next several weeks. Prior to that, Nicholas Akins, CEO of American Electric Power, says it's critical to get electrical power back up at chemical facilities in Houston. Finally, Michael Brown, an economist at Wells Fargo, says he expects Democrats to support a clean debt-ceiling bill.
Aug 31, 2017
Why Morgan Stanley Is Revising Its GDP Outlook
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Ellen Zentner, Morgan Stanley's chief U.S. economist, tells Tom Keene and Francine Lacqua why Morgan Stanley is revising its GDP forecast and says the economy hasn't seen the worst yet for inflation this year. Jens Nordvig, Exante Data's CEO and founder, says there's too much concern about European political risk. Jacques Rousseau, an oil and gas analyst at Clearview Energy Partners, says things may get to the point where companies borrow oil. Finally, Daniel Alpert, Westwood Capital's managing partner, says the vicious cycle of borrowing to consume is re-emerging.
Aug 30, 2017
Next Fed Chair Doesn't Have to be Seasoned Economist, Schlosstein Says
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Ralph Schlosstein, president and CEO of Evercore Partners, says the next chair of the Federal Reserve doesn't have to be a seasoned economist. Prior to that, Harm Bandholz, Unicredit's chief U.S. economist, says the U.S. will be at two percent GDP by the end of next year. Pete Sessions, a Republican representative from Texas, says President Trump must figure out where his best talents are quickly. Finally, Bruce Klingner, a former CIA deputy division chief, says China would act on North Korea if the U.S. limited their financial access.
Aug 29, 2017
Ex-FEMA Head Says Trump's Done Everything Right on Harvey So Far
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Former FEMA Director James Lee Witt says Trump's done everything right so far on Hurricane Harvey. Prior to that, Representative Mark Walker, chairman of the Republican Study Committee, says he expects U.S. tax reform to pass before Thanksgiving. Noah Feldman, a Bloomberg View columnist, says it's clear Trump ignored all formal processes in pardoning Sheriff Joe Arpaio. Finally, former Fed Vice Chair Alice Rivlin says a government shutdown could still happen, even though she doesn't expect it.
Aug 28, 2017
Fed Should Be Moving on Balance Sheet, Dallas Bank's Kaplan Says
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Robert Kaplan, president of the Dallas Federal Reserve Bank, says the economy is closer to the neutral rate than some think, and the Fed should be moving on its balance sheet. Glenn Hubbard, dean of the Columbia Business School, sees 2 percent inflation in the not-too-distant future. Finally, Mohamed El-Erian, Allianz SE's chief economic adviser, says despite the back and forth in Washington, the government's debt ceiling will be resolved.
Aug 25, 2017
Fed Can Start Shrinking Its Balance Sheet, Esther George Says
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Esther George, president of the Kansas City Federal Reserve Bank, says the Fed can start shrinking its balance sheet and that there's still an opportunity to increase rates once more. Prior to that, Ron Temple, Lazard Asset Management's co-head of multi-asset investment, says leadership is not a tweet. Shannon O'Neil, a senior fellow at the Council on Foreign Relations, says Latin American countries have a reflex action about U.S. tough talk. Finally, Tim Pawlenty, the former governor of Minnesota and a former presidential candidate, says despite Democrat opposition, a tax bill could be forced through by Republicans if they wanted.
Aug 24, 2017
Trump Doesn't Have to Play Hero Role, Just a Less Destructive One, Gabriel Says
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Chuck Gabriel, president of Capital Alpha Partners, says Trump doesn't have to play a heroic role, just a less destructive one. Gary Shilling, president of A. Gary Shilling &amp; Co., says massive tax reform is due in the U.S. Finally, Jacques Rousseau, the managing director of global oil and gas at Clearview Energy Partners, says there's a disconnect in gas consumption data.
Aug 23, 2017
Trump Is Over-Relying on Military Advice, Former U.S. Army Secretary Says
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Former U.S. Army Secretary Eric Fanning says President Trump is over-relying on military advice and that his views on Afghanistan have evolved significantly. Prior to that, Conrad Dequadros, RDQ Economics' senior economist, says there's a low chance that U.S. fiscal policy will change. Finally, Lawrence Korb, the former assistant secretary of defense, says Trump's policy on Afghanistan risks inciting terrorists.
Aug 22, 2017
Trump Should Apologize for Charlottesville Comments, Former GM CEO Says
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Former GM CEO Dan Akerson says President Trump can win back peoples' good will with good deeds. Prior to that, Nathan Sheets, chief economist at PGIM Fixed Income, says Mario Draghi will probably focus on international economic issues at Jackson Hole. Brad Blakeman, a Republican strategist, says it's now up to Trump to unite the country. Finally, Grover Norquist, president of Americans for Tax Reform, says Steven Bannon's tax proposal was the "stupidest, dumbest and more destructive" idea he's heard.
Aug 21, 2017
Authorities Knew Barcelona Attack Site Was Vulnerable, Klausen Says
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Jytte Klausen, a professor at Brandeis University, says terror attacks in Europe reflect failures by local officials. Jim Glassman, JPMorgan Chase's commercial banking head economist, says the Fed needs to hold high ground. John Hudak, a senior fellow at the Brookings Institution, says President Trump still has a lot of tacit support. Finally, Mitch Lowe, the CEO of MoviePass, says cinemas must ramp up their security.
Aug 18, 2017
America Suffers From 'History Deficit Disorder,' Brinkley Says
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Douglas Brinkley, a historian and professor at Rice University, says there's a fierce hatred between Americans. Prior to that, Senator Benjamin Cardin, a Democrat from Maryland, says more people need to speak out against President Trump. David Herro, Harris Associates' CIO of international equity, says there are still opportunities in Italian banks. Republican Representative David Reichert says Trump's Charlottesville remarks were concerning. Finally, Chuck Robbins, the CEO of Cisco, says the company's transition to software is speeding up.
Aug 17, 2017
Wal-Mart Is Killing Small-Town America More Than Amazon, DeLong Says
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Brad DeLong, an economics professor at Berkeley, says Wal-Mart, not Amazon, is killing small-town America. Prior to that, New Jersey Representative Bill Pascrell, a Democrat, says Republicans are afraid to stand up to Trump. Sebastien Galy, a macro strategist at Deutsche Bank, says wages will eventually rise. Finally, Michael Barone, the author of "The Almanac of American Politics," says Democrats and Trump are both behaving irrationally.
Aug 16, 2017
It's Been Difficult to Get Inflation to Move, Soss Says
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Neal Soss, Credit Suisse's vice chairman of global fixed income, says it's been difficult to get inflation to move and politics is a distraction to markets. Prior to that, Gideon Rose, the editor of Foreign Affairs magazine, says the U.S. isn't Venezuela and President Trump won't bring this country down. Then, Admiral James Stavridis, the dean of the Fletcher School at Tufts University, says he has enormous respect for John Kelly and communicates with him often.
Aug 15, 2017
White Supremacy Granted a Place at American Political Table, Ricks Says
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Thomas Ricks, a Pulitzer-prize winning author, says U.S. political turmoil is reminiscent of the 1930s. Prior to that, Douglass Kass, founder and partner at Seabreeze Partners, says he expects Twitter to be part of a much larger company by next year. Fred Hochberg, the former chairman of Export-Import Bank of U.S., says the future of the Democratic party will be with the young and millennials. Finally, Michael Mullen, the former chairman of the Joint Chiefs of Staff, says Trump hasn't left himself room to maneuver with China.
Aug 14, 2017
'The Heat Is On' Goldman Sachs, Mayo Says
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Mike Mayo, Wells Fargo's head of U.S. large-cap bank research, says the heat is on Goldman Sachs and that he expects to see a jump in Citigroup shares. Prior to that, Doug Bandow, a senior fellow at the Cato Institute, says bluff and bluster doesn't help the U.S. Then, Jeffrey Rosenberg, BlackRock's chief fixed-income strategist, says inflation reports matter to the Fed as it's looking for transitory weakness. Finally, Diane Swonk, founder of DS Economics, says inflation data from September and October will be more important for the Fed.
Aug 11, 2017
Fed Will Face Questions if Inflation Stays Low, Konstam Says
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Dominic Konstam, Deutsche Bank Securities' global rates research head, says the Fed will face questions if inflation stays low and says that fiscal reform may raise potential U.S. growth. Frank Keating, the former governor of Oklahoma, says Trump must be a cheerleader for his agenda. Former Assistant Secretary of State Mark Kimmitt says the U.S. needs to meet Kim Jong-un capability-for-capability and word-for-word so that he's no longer a threat to the region. Finally, Austan Goolsbee, a professor at the University of Chicago's Booth School of Business, says the U.S. isn't doing a great job about measuring part-time jobs in the labor economy.
Aug 10, 2017
Democratic Party Needs to Focus on Economic Growth, General Clark Says
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General Wesley Clark, the former NATO Allied Supreme Commander, says the Democratic party needs to focus on economic growth. Prior to that, Ted Alden, a senior fellow at the Council on Foreign Relations, says China is North Korea's primary trade partner and sanctions will squeeze North Korea's economy to a degree we haven't seen in the past. Michael Nathanson, a senior research analyst at MoffettNathanson, says cable companies may shift the profit they made from TV to profit from broadband. Finally, Oklahoma Representative Tom Cole says the U.S. doesn't want to be provocative but does need North Korea to know it's serious.
Aug 09, 2017
Ackman's ADP Fight Is Diverting the Business, Cooperman Says
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Leon Cooperman, chairman and CEO of Omega Advisors, talks about Bill Ackman's plans for Automatic Data Processing Inc. Prior to that, Martin Sorrell, CEO of WPP, says China is becoming a major technological force. Then, Jared Bernstein, a senior fellow at the Center on Budget Policy, says the U.S. tax codes are just too complex.
Aug 08, 2017
No Risk of Inflation Taking Off, Posen Says
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Adam Posen, president of the Peterson Institute for International Economics, says the Fed is in a period of "normal" difficulties. Prior to that, Kevin Logan, HSBC's chief U.S. economist, says the Fed is on course to begin its disinvestment policy. Deborah Lehr, a senior fellow at the Paulson Institute, says there's concern about China's abilities to combat North Korea. Finally, Alexia Howard, a senior research analyst at Sanford Bernstein, says Mondelez is struggling in emerging markets.
Aug 07, 2017
Gary Cohn Says to Expect More Deregulation
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White House economic adviser Gary Cohn says there's more deregulation to come. Prior to that, Jim Glassman, a senior economist at JPMorgan, says U.S. benchmarks we used to have are obsolete. Mohamed El-Erian, a Bloomberg View columnist, says Euro gloom has given way to Euro optimism. Alan Krueger, a professor at Princeton University, says technology isn't a job-killer. Finally, Bill Gross, a fund manager at Janus Henderson, says real interest rates are a problem.
Aug 04, 2017
Amazon/Whole Foods Deal Is a 'Net-Net Win,' Kantor Says
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Neuberger Berman's Charles Kantor discusses the Amazon/Whole Foods deal and also says GE's Jeff Immelt performed well for his company. Peter Westaway, Vanguard Asset Services' chief European economist, says the slightly dovish message from the BOE is appropriate. Finally, Michael Chertoff, former U.S. Secretary of Homeland Security, says the scale of cyberattacks will grow.
Aug 03, 2017
Volcker Rule Is Cumbersome, Goldman Sachs CEO Blankfein Says
2620
Lloyd Blankfein, Goldman Sachs' chairman and CEO, and Michael Bloomberg, founder and majority owner of Bloomberg LP, discuss banking regulation and the impact on business. Prior to that, Credit Suisse's Matthew Rothman and JPMorgan's Gabriela Santos share lessons learned 10 years after the financial crisis. Finally, James Stavridis, the dean of Fletcher School at Tufts University, says General John Kelly is all about duty.
Aug 02, 2017
Intesa Sanpaolo Is a Solid and Undervalued Bank, Herro Says
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David Herro, Harris Associate's CIO of international equity, says the European economy is finally seeing a spark. Prior to that, Christopher Grisanti, founder of Grisanti Capital Management, says the Discovery-Scripps deal is desperation not to be left behind. Charles Gabriel, founder of Capital Alpha Partners, says the health-care bill is "mostly dead." Finally, PIMCO's Joachim Fels says Trump is winning the "cold currency war."
Aug 01, 2017
GOP Has Been Compromised by Protectionism, Sen. Jeff Flake Says
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Arizona Senator Jeff Flake says many people are concerned about President Trump's chaotic White House atmosphere. Prior to that, Michael Shaoul, CEO of Marketfield Asset Management, says 2017 may be the best year for markets since 2009. Wendy Schiller, the chair of political science at Brown University, says established Republicans don't want to work for Trump. Russ Koesterich, a money manager at BlackRock, says OPEC isn't in control. Finally, Dennis Gartman, editor of the Gartman Letter, says the dollar is quietly and laboriously moving lower.
Jul 31, 2017
Americans Deserve Thorough Consideration of Tax Reform, Doggett Says
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Tim Adams, President and CEO of the Institute of International Finance, said we can still get a deal on tax reform in fourth quarter of 2017 or first quarter of 2018. George Bory, Wells Fargo Head of Credit Strategy, said he thinks bond yields will go up a bit and is looking to protect bond price returns. Steven Friedman, senior economist at BNP Paribas Asset Management, said consumers will continue to drive economic growth. Rep. Lloyd Doggett (D-TX) House Ways and Means Tax Policy Subcommittee Ranking Member, said President Trump voters are mixed on whether they have wavered in their support of him. David Rubenstein, host of "The David Rubenstein Show: Peer-to-Peer Conversations" discusses his conversation with Elliott Management's Paul Singer.
Jul 28, 2017
Randy Quarles is Ideal Choice for Fed Job, Clarida Says
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Bob Nardelli, Former Chrysler &amp; Home Depot CEO &amp; Chairman, said rolling back restrictions and lowering corporate tax rates will help companies stay in the U.S. and make money. Richard Clarida, PIMCO Strategic Advisor, said the U.S. inflation picture can turn on a dime. Robert Tipp, PGIM Fixed Income's Chief Investment Strategist, said volatility is low during rate hike cycles because the Fed has a lot of control.
Jul 27, 2017
Republicans Campaigned to Repeal ACA and Need to Keep Promise, DeMint Says
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Former Senator Jim DeMint says Republicans need to keep their promise to repeal the Affordable Care Act and that President Trump and Jeff Sessions need to restore their relationship. Prior to that, Michael Darda, MKM Holdings' chief economist, and Ian Bremmer, president of Eurasia Group, discuss European politics and international relations. Finally, Seth Carpenter, UBS' chief U.S. economist, says the current decade is the slowest in productivity growth since World War II.
Jul 26, 2017
GDP Growth at 3 Percent Isn't Going to Happen, Mortimer-Lee Says
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Paul Mortimer-Lee, BNP Paribas' chief market economist, says 3 percent GDP growth isn't going to happen. Prior to that, Tony Dwyer, Canaccord Genuity's chief market strategist, says there's a synchronized global economic recovery. Texas Representative William Hurd says the Trump administration has done a good job in dealing with ISIS. Finally, Ohio Representative Timothy Ryan says there's no real seriousness within the GOP.
Jul 25, 2017
GOP Has 'Keys to the Car' But Not Control, Haines Says
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Terry Haines, Evercore ISI's senior political strategist, says the GOP has the "keys to the car" but not complete control and that White House investigations are distractions in D.C. Then, Michael Cohen, the head of energy commodities research at Barclays, says there's a lack of clarity from Libya and Nigeria on oil levels. Finally, Peter Hayes, BlackRock's head of municipal bonds, says new high yield deals that are coming to the markets are structurally weak.
Jul 24, 2017
We Will Get a Different Fed During Next Seven Years, El-Erian Says
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Mohamed El-Erian, chief economic adviser at Allianz and a columnist at Bloomberg View, talks about the future of the Federal Reserve. Prior to that, Chris Verrone, who heads technical analysis at Strategas Research Partners, says market trends can influence seasonality. Jeff Sprague, founder of Vertical Research Partners, says GE's cash flow was better for the second quarter, but the company has a big hill to climb to get to the full-year target. Finally, Bloomberg View's Tim O'Brien says people need to care about issues related to Russian sanctions.
Jul 21, 2017
Central Bankers Should've Been More Aggressive, Rogoff Says
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Kenneth Rogoff, a professor at Harvard University, says central bankers should've been more aggressive during the financial crisis and that India's demonetization was done too quickly. Prior to that, Kathy Matsui, chief Japan equity strategist at Goldman Sachs Japan, says Japanese companies are strong. Robert Shiller, a professor at Yale University, says New York City housing is more affordable than people think. Finally, New Orleans Mayor Mitch Landrieu says Washington's stuck making the same mistakes in health care.
Jul 20, 2017
International Community Isn't Confident in U.S. Policy, Sinche Says
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Robert Sinche, a global strategist at Amherst Peirpont, says there's a lot of political and monetary uncertainty in the U.S. Then, Donald Straszheim, the head of Evercore ISI's China research team, says Washington won't be able to get what it wants out of China. Douglas Duncan, Fannie Mae's chief economist, expects strong U.S. housing price appreciation to continue. Finally, Jared Bernstein, a senior fellow at the Center on Budget and Policy, says the best thing the Fed can do is let the labor market run hot to create more wage pressure.
Jul 19, 2017
Obamacare Marketplace Is Failing, Eurasia's Lieber Says
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Jon Lieber, Eurasia Group's director of U.S. practice, says the federal government will have to step in as the Obamacare marketplace fails. Prior to that, John Silvia, Wells Fargo's chief economist, says there's an imbalance in U.S. economic policies. Jonathan Miller, CEO of Miller Samuel, says credit hasn't normalized for mortgage lendings. Finally, Bloomberg Businessweek's Joshua Green discusses Steve Bannon's influence on power, the thinking behind Trump's actions and the state of U.S. political parties.
Jul 18, 2017
Health-Care Bill Must Be Defeated, Penn's Emanuel Says
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Ezekiel Emanuel, chairman of medical ethics and health policy at the University of Pennsylvania, says the health-care bill must be defeated. Prior to that, Tony Crescenzi, a market strategist at PIMCO, says he expects one more rate hike this year with two to three in 2018. Finally, Greg Valliere, Horizon Investments' chief global strategist, says Trump must widen his circle of advisers.
Jul 17, 2017
Businesses Have Less Pricing Power Right Now, Dallas Fed President Says
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Dallas Fed President Robert Kaplan says businesses have far less pricing power right now and to expect wage pressures to mount in the months ahead. Prior to that, Kate Moore, BlackRock's chief equity strategist, says we should feel confident about the sustainability of the market. Megan Murphy, editor of Bloomberg Businessweek, discusses Lloyd Blankfein's banking resiliency. Kenneth Leon, a bank analyst at CFRA, says Wells Fargo is a "super-regional bank" rather than a diversified global bank. Finally, Thomas Coburn, a former senator from Oklahoma, says health care won't get fixed in Washington.
Jul 14, 2017
There's 'Desired Chaos' in the White House, Rattner Says
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Steve Rattner, Willett Advisors' chairman, says Trump isn't interested in advice or suggestions in running his White House. Prior to that, Mario Gabelli, Gabelli Funds' CIO of value portfolios, says American companies will get tailwinds as opposed to headwinds. Douglas Elmendorf, the dean of Harvard's Kennedy School, says it's important for GOP leaders to stand up for the CBO and its work. Brian Wieser, a senior research analyst at Pivotal Research Group, says Fox is undervalued. Finally, Martin Sorrell, WPP's CEO, says businesses have yet to see the effects of U.K. uncertainty.
Jul 13, 2017
Fed Must Raise Rates and Shrink Balance Sheet Thoughtfully, Hill Says
2918
Arkansas Congressman French Hill says Fed governors need banking, business and a mixture of experience. Prior to that, Bruce Kasman, JPMorgan's chief economist, says the important thing to look for from the Fed is balance sheet timing. Libby Cantrill, Pimco's executive vice president, says expectations for passing legislation are unrealistic. Finally, Toby Cosgrove, CEO of the Cleveland Clinic, says he doesn't expect the health-care bill to be passed.
Jul 12, 2017
Central Banks Around the World Have Overreached, Plosser Says
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Charles Plosser, the former Philadelphia Fed president, says central banks around the world have overreached and Randal Quarles's nomination would be good for the Fed board. Prior to that, Howard Ward, Gabelli Funds' CIO of growth equities, says we're in a nominal 3 percent GDP world. David Shulkin, U.S. Secretary of Veterans Affairs, says the V.A. has invested heavily in cybersecurity. Doug Bandow, a senior fellow at the Cato Institute, says North Korea's regime is evil, but not crazy. Finally, Timothy O'Brien, Bloomberg View's executive editor, says Trump is his own first and last counsel.
Jul 11, 2017
Trump 'Wounds' Are Self-Inflicted, Valliere Says
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Greg Valliere, Horizon Investments' chief global strategist, says Trump's "wounds" are self-inflicted by his sensitivity to criticism and inability to let the Russia story go. Prior to that, Carl Weinberg, High Frequency Economics' chief economist, says Europe inflation is under&nbsp; target. Jim Barry, BlackRock's head of real assets, says the U.S. has underinvested in infrastructure for 30 to 40 years. Finally, Robert Hormats, vice chairman of Kissinger Associates, says a well-functioning global economy would make America great again.
Jul 10, 2017
We're Not In a Bond Rout Yet, Gross Says
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Bill Gross, a fund manager at Janus Henderson, says the bond market isn't in a rout yet and to expect one more Fed rate increase this year, likely in December. Prior to that, Alan Krueger, a professor at Princeton University, says the U.S. is heading toward a labor shortage economy. James Glassman, a senior economist at JPMorgan, says the jobs data for June show people are recognizing the economy's in a better position today. Finally, Max Baucus, the former U.S. ambassador to China, says foreign leaders don't know what to expect from President Trump's inconsistency.
Jul 07, 2017
Russians Are Interfering in Western European Politics, Hormats Says
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Robert Hormats, Kissinger Associates' vice chairman, says Russia is clearly trying to undermine stability among European countries within the NATO alliance. Barry Eichengreen, a professor at the University of California at Berkley, says the U.S. will learn how hard it is to go alone in the world. Roberto Azevedo, the director general at the World Trade Organization, says the Trump administration is still trying to figure out its trade plans. Michael Feroli, JPMorgan's chief U.S. economist, says the Fed's still following the Phillips curve tradition. Gene Munster, co-founder of Loup Ventures, says Tesla's Model 3 is a paradigm shift in e-vehicles and autonomy.
Jul 06, 2017
The Great Posen/Ryding Debate
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Adam Posen, the president of the Peterson Institute for International Economics, and John Ryding, RDQ Economics' chief economist, agree to disagree on the past, present and future for Fed Chair Yellen and other bankers. Prior to that, David Folkerts-Landau, Deutsche Bank's chief economist, says the Fed will lead the way against market dangers through gradual rate increases and careful communication. Megan Greene, Manulife Asset Management's chief economist, says the Fed's painted into a corner in terms of shrinking its balance sheet. Finally, Louise Yamada, a market analyst at Louise Yamada Techresearch, says a near-term correction isn't in the horizon.
Jul 05, 2017
Abe Has a Chance to Get His Party Back on Track, Feldman Says
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Robert Feldman, a senior advisor at Morgan Stanley MUFG, says Shinzo Abe has an opportunity to get his party back on track and Japan wants to play a more active role against North Korea. Prior to that, Berenberg Capital Markets' Mickey Levy says global central banks are conducting policies that are inconsistent with market fundamentals. Finally, Don Katz, founder and CEO of Audible, discusses the evolution of the audio book, podcasts and Audible's relationship with Amazon.
Jul 03, 2017
Three Percent Unemployment: The Optimism of Unicredit
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Harm Bandholz, Unicredit's chief U.S. economist, talks about his optimistic view of the unemployment rate and says it would be positive for the U.S. if the Eurozone strengthens. Robert Profusek, a partner at Jones Day, says the pace of deal-making isn't slowing but it's taking longer to close. Finally, Dennis Gartman, editor and publisher of the Gartman Letter, says the recent gold drop may have been caused by Venezuela selling.
Jun 30, 2017
Banks Are Facing a 'Toxic Cocktail,' Kass Says
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Doug Kass, president of Seabreeze Partners, says headwinds in the banking industry could be a "toxic cocktail." Prior to that, Peter Hooper, Deutsche Bank's chief economist, says the ECB will be tapering further by the end of the year. Charles Peabody, an analyst at Compass Point Research, says Jamie Dimon's tech investments have put JPMorgan at an advantage. Dan Yergin, IHS' vice chairman, says big oil will go through soul-searching. Finally, Texas Representative Kevin Brady says the Senate will resolve their differences and pass health care.
Jun 29, 2017
McConnell Will Get His Health Care Votes, Former HHS Secretary Says
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Former Secretary of Health and Human Services Michael Leavitt says Mitch McConnell will ultimately get his 50 votes for health care but will need heavy negotiations. Prior to that, Stan Collender, Qorvis MSLGROUP's executive vice president says the CBO is stronger today than it was two months ago. Komal Sri-Kumar, founder and president of Sri-Kumar Global Strategies, says Christine Lagarde's too optimistic about the U.S. Then, Diane Swonk, CEO of Diane Swonk &amp; Associates, says U.S. GDP is stuck at 2 percent. Finally, Brian Wieser, a senior research analyst at Pivotal Research Group, says Facebook's user growth isn't particularly meaningful.
Jun 28, 2017
Google Denied Europeans the Benefits of Competition, Vestager Says
2930
Margrethe Vestager, the European commissioner for competition, says Google demoted rivals in favor of Google Shopping. Prior to that, Neal Soss, Credit Suisse's vice chairman of global fixed income, says infrastructure is the way to get GDP higher than 2 percent. David Herro, CIO of international equity at Harris Associates, says Google is a strong, virtuous business but there's concern about privacy. Finally, David Kotok, CEO of Cumberland Advisors, says Amazon's Whole Foods purchase made sense and that more "unusual" consolidations are on the way.
Jun 27, 2017
Trump Needs to Be President and Stop Tweeting, Mayor Walsh Says
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Boston Mayor Martin Walsh says Trump needs to stop tweeting and focus on issues like infrastructure and the opioid epidemic. Prior to that, William Lee, Milken Institute's chief economist, says raising rates may cause consumers to start spending. Gerard Cassidy, RBC Capital Markets' managing director of equity research, says the real value is in the largest banks. Finally, Robert Sinche, a global strategist at Amherst Pierpont, says it's unhealthy for the Fed to own too much government debt.
Jun 26, 2017
US Jobless Rate Will Drop to 3.5% Next Year, Hyman Says
2618
Evercore ISI Chairman Ed Hyman explains why he's so optimistic about the U.S. jobless rate. Mark Haefele, UBS Wealth Management's global chief investment officer, says emerging markets mirror improving U.S. markets. Craig Moffett, MoffettNathanson's senior research analyst, says cable TV isn't done yet. Finally, Max Baucus, a former Senator from Montana, and Michael Cannon, CATO Institute's director of health policy studies, react to the Senate's proposed health-care bill.
Jun 23, 2017
Rising Home Prices Aren't 'Bubble Mentality,' Shiller Says
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Robert Shiller, a professor at Yale University, and Peter Wallison, a former Reagan White House counsel, discuss the state of the housing market and Dodd-Frank regulations. Pankaj Ghemawat, a professor at NYU's Stern School of Business, says companies expected a protectionist climate before Trump and Brexit. Finally, Michael Cannon, director of health policy studies at the Cato Institute, says Republicans are doing everything they accused Democrats of doing in 2009.
Jun 22, 2017
Senate's 'Secret' Health-Care Bill Is a Worry, Magaziner Says
2642
Seth Magaziner, Rhode Island's general treasurer, says Rhode Islanders are most concerned about the Senate's "secret" health-care bill. Prior to that, Alan Ruskin, Deutsche Bank's global head of G-10 FX strategy, says there aren't many central banks that will be raising rates this year. José Viñals, chairman of Standard Chartered, says Brexit will have a marginal effect on Standard Chartered. Manuel Caldeira Cabral, Portugal's economy minister, says Portugal is on target for 3 percent growth. Finally, Stephen Schork, president of the Schork Report, warns not to venture into the oil market right now.
Jun 21, 2017
Dollar’s Strength Shows Trust in Trump, Mnuchin Says (Correct)
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U.S. Treasury Secretary Steven Mnuchin talks about the dollar’s strength and tells David Gura that the Trump administration hasn’t yet made a decision on whether to replace the Fed chair. Prior to that, Drew Matus, MetLife Investment Management’s chief market strategist, says the thing that’s being misunderstood the most is that low productivity is cyclical, not structural. Bill Priest, CEO of Epoch Investment Partners, says the VIX is at an abnormally low level. Finally, Tom Leighton, CEO of Akamai Technologies, says people must have the discipline to shut down projects that don’t work.\u0010\u0010(Includes introduction to Steven Mnuchin.)
Jun 21, 2017
Amazon Got Whole Foods for Free, Kantor Says
2687
Neuberger Berman's Charles Kantor says Amazon effectively got Whole Foods for free as its shares spiked. Prior to that, Hans Humes, CEO of Greylock Capital, says U.S. market leverage isn't nearly as big as it was in 2008. U.S. Commerce Secretary Wilbur Ross says Mexico and Canada are receptive to renegotiations of NAFTA. Finally, General Michael Hayden, the former director of the NSA, says the Robert Mueller investigation will take at least an entire year.
Jun 19, 2017
Amazon-Whole Foods Deal Could Be Tech or Grocery, Profusek Says
3112
Robert Profusek, partner and chair of global M&A at law firm Jones Day, says he doesn't know whether Amazon's decision to acquire Whole Foods is about retail, tech, grocery or activism. Prior to that, Libby Cantrill, PIMCO's executive vice president, says Washington has become both political and personal. State Street Global Advisors' Kheng Siang Ng says the BOJ isn't ready to act yet. Donald Marron, the Urban Institute's director of economic policy initiatives, says reconciliation must be in place before a partisan tax reform can happen. Finally, Lindsey Piegza, Stifel Nicolaus' chief economist, says momentum in housing is declining.
Jun 16, 2017
Clarida Sums Up Yellen's News Conference: 'Trust Me'
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Richard Clarida, a professor at Columbia University, discusses Janet Yellen's news conference and says there's evidence of the Phillips Curve effect in U.S. wages. Prior to that, James Sweeney, Credit Suisse's chief economist, says the U.K.'s outlook is confusing. Richard Painter, a professor at the University of Minnesota, says it appears that Trump fired Comey because of the Russian investigations. Finally, Diana Furchtgott-Roth, a senior fellow at the Manhattan Institute, says Trump's budget is a wish list.
Jun 15, 2017
Leaks and Backstabbing Pushed Loyalty to Forefront, Carson Says
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Ben Carson, U.S. Housing and Urban Development Secretary, says leaks and backstabbing have pushed Trump's arguments about loyalty to the forefront. Prior to that, Gideon Rose, the editor of Foreign Affairs magazine, says Russia's cyber attacks are a strategy to challenge America's dominance. Carsten Brzeski, ING Germany's chief economist, says no one wants an escalation of the situation in Greece. Charles Plosser, the former Philadelphia Fed Bank president, says he's worried about the Fed's interventionist mentality staying. Finally, Stewart Glickman, CFRA's energy equity analyst, says oil supply has got us into this mess and supply will have to get us out.
Jun 13, 2017
Why GE Is The Number One Large Cap Pick, According to Heymann
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William Blair's Nick Heymann tells Tom Keene and David Gura why GE is "hands down" the number one large cap pick. Prior to that, Nicholas Burns, a professor at Harvard's Kennedy School, says the U.K. is searching for an identity. Robert Sinche, a global strategist at Amherst Pierpont, says markets are underestimating the Fed. Finally, Jeff Sprague, the founder of Vertical Research Partners, says GE's cash flow isn't poor but there's been a large disconnect with earnings.
Jun 12, 2017
Brexit Future is Uncertain After Election, Says Rosenberg
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Jeffrey Rosenberg, BlockRock's chief fixed income strategist, says the U.K. election results raise uncertainty of a hard or soft Brexit. Prior to that, Willem Buiter, Citi's chief economist, says Theresa May has a lot to prove or else she "won't last long." Chris Swecker, the former assistant director of the FBI, says James Comey showed weakness by not pushing back against Trump's requests. Finally, Thomas Wright, a senior fellow of foreign policy at the Brookings Institution, says many of Trump's actions are reversible.
Jun 09, 2017
Comey Not Obligated to Say All in Open Session, Haines Says
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Terry Haines, Evercore ISI's senior political strategist, says James Comey is under obligation to say everything he knows, but could save some comments for a closed session. Prior to that, William Gavin, the former assistant director of the FBI, says Trump understands he must have a competent and capable U.S. law agency. Praveen Korapaty, Credit Suisse's head of global interest rate strategy, says both the Fed and the ECB have inflation problems. Gabriel Stein, 4CAST-RGE's developed-market research team head, says the Bundesbank is confused yet happy about the ECB's one hawkish move. Finally, Greg Valliere, Horizon Investments' chief global strategist, and Bloomberg's Marty Schenker discuss the Comey testimony.
Jun 08, 2017
Washington Turmoil May Slow Economic Growth, Bill Gross Says
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Janus Henderson fund manager Bill Gross says risk from turmoil in Washington is a consideration for investors and could slow U.S. economic growth. Prior to that, Brian Belski, BMO Capital Markets' chief investment strategist, says financial stocks are the best place to be for investors. Charles Dumas, TSLombard's chief economist, says China's growth rate will be modified to something more achievable. Finally, Jim McCaughan, Principal Global Investors' CEO, says a recession isn't imminent, but people have to watch carefully into 2018.
Jun 07, 2017
California Governor Says U.S. Needs to Step Up Its Game
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Jerry Brown, governor of California, says China's rising power and U.S. division has reduced America's global merit. Prior to that, Joseph Quinlan, head of market and thematic strategy at Bank of America Merrill Lynch and U.S. Trust, says banks are good value and underowned. Edward Alden, a senior fellow at the Council on Foreign Relations, says some of Trump's views on trade have value. James Stavridis, dean of the Fletcher School at Tufts University, says it's not clear if Trump's listening to the nuanced advice from his team at the top. Finally, Tim Cook, Apple's CEO, spoke exclusively with Bloomberg Technology anchor Emily Chang on his relationship with Trump and why pulling out from the Paris Agreement was the "wrong choice."
Jun 06, 2017
Summers Says Trump Rejects Modern Science
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Lawrence Summers, the former U.S. Treasury Secretary, says he's troubled by the Trump administration. Prior to that, Stephen King, HSBC's senior economic adviser, says technology doesn't guarantee globalization. Terry Haines, Evercore ISI's senior political strategist, says markets are concerned after having a steady administration for eight years. Finally, Richard Haass, the president of the Council on Foreign Relations, says "gremlins" have gotten into the Oval Office with a degree of dangerous unruliness.
Jun 05, 2017
Gross Says Weak Jobs Data Won't Stay Fed on Rates
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Bill Gross, a fund manager at Janus Henderson, says the job data was weaker than expected, but the Fed will still raise rates. Prior to that, Jeffrey Sachs, a professor at Columbia University, and Julia Coronado, the founder and president of MacroPolicy Perspectives, discuss the Fed's timeline and the impact of manufacturing innovation in the U.S. Finally, David Einhorn, the president of Greenlight Capital, says GM's capital structure is inefficient.
Jun 02, 2017
Trump Would Undercut U.S. by Ditching Paris, Whitman Says
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Former EPA administrator Christine Todd Whitman says dropping out of the accord could undercut America's position in the world. Prior to that, Brian Levitt, OppenheimerFunds' senior investment strategist, says stocks are still cheap. Andrew Balls, PIMCO's CIO of global fixed income, says higher rates will come in the U.K. Finally, Steven Cohen, executive director of Columbia University's Earth Institute, says greenhouse gasses will decline no matter what Trump decides on the Paris Agreement.
Jun 01, 2017
Dallas Fed's Kaplan Says Fed Should Tighten Policy Patiently
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From the Council on Foreign Relations in New York City, Dallas Fed President Robert Kaplan tells Tom Keene that the Fed should tighten policy patiently and gradually. He also says the central bank should begin unwinding its balance sheet later this year.
May 31, 2017
Ryanair CEO Calls British Airways' Recovery Plan 'Incompetent'
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Ryanair CEO Michael O'Leary says British Airways' problems lie in its disaster recovery program, not outsourcing. Prior to that, Tobias Levkovich, Citigroup's chief U.S. equity strategist, says a lack of productivity is disturbing. Charles Calomiris, a professor at Columbia Business School, says Trump's instincts on financial regulation are right, even though his ideas aren't fully formed. David Herro, Harris Associates' CIO of International Equity, says we've been using monetary policy incorrectly and relying on it too much. Finally, Graham Allison, a professor at Harvard's Kennedy School, says ensuring that NATO is a good partner with the U.S. will be difficult and take a long time.
May 30, 2017
A More Populist Trade Policy Would Shock Markets, Jalinoos Says
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Shahab Jalinoos, Credit Suisse's global head of FX strategy, says financial markets have scaled back interest in foreign trade and have reverted to complacency. Jeffrey Rosenberg, BlackRock's chief fixed-income strategist, says it's unlikely Americans will see 3% economic growth. Julian Emanuel, the executive director of U.S. equity and derivatives at UBS, says the bull market will continue. Ashwin Alankar, Janus Capital's global head of asset allocation, says the options markets are telling us that Trump's pragmatic thinking will prevail. Finally, Brian Kelly, founder of The Points Guy, says people are moving from airline to credit card loyalty programs.
May 26, 2017
GOP's Brooks Defends Proposed U.S. Budget as 'Responsible'
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Alabama Rep. Mo Brooks says Trump's proposed budget aims to prevent the U.S. from sliding into insolvency. Prior to that, Gabriela Santos, JPMorgan Asset Management's global market strategist, says global risks have receded. Donald Straszheim, Evercore ISI's head of China research, says China's debt is still a mystery. Zeke Emanuel, the chair of medical ethics and health policy at the University of Pennsylvania, says Trump's American Health Care Act is cruel. Finally, Tom Ricks, the author of "Churchill & Orwell: The Fight for Freedom," criticized the assault on a reporter by a Montana politician as "un-American."
May 25, 2017
Vilifying Wall Street Is a Big Mistake, Mary Jo White Says
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Mary Jo White, the former SEC Chair, says class warfare against Wall Street isn't healthy. Prior to that, Michael Wilson, Morgan Stanley's chief U.S. equity strategist, says markets will eventually have a tougher time. Stan Collender, MSLGROUP's executive vice president, says Trump's budget could set up a government shutdown in the fall. Francisco Blanch, the head of global commodities research at Bank of America Merrill Lynch, says OPEC can't afford a price war. Finally, Rep. Tom Cole, a republican from Oklahoma, says Trump is making a big mistake with NIH and CDC cuts in his budget.
May 24, 2017
Ex-CIA Head Discusses Terrorism, Russia, & Intelligence Sharing
2714
Former CIA Director James Woolsey says we must recognize that we're at war with terrorists and that reorganization of the intelligence community has produced people that are less trained. Prior to that, Stephen Roach, a professor at Yale University, says the U.S. is growing beyond its means. Jan Schakowsky, a representative from Illinois, says she hopes Trump's budget proposal is "dead on arrival." Daniel Kurtzer, the former U.S. ambassador to Israel, says Trump's speech in Jerusalem conveyed that a larger force will act against terrorism. Steve Rattner, Willett Advisors' chairman, says Silicon Valley feels unloved by the Trump administration. Finally, Bloomberg's Svenja O'Donnell discusses the Manchester attack and its potential Brexit impact.
May 23, 2017
The President Speaks in Jerusalem
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President Trump delivers a speech in Jerusalem and says that Iran must immediately stop backing terrorism. Prior to that, Jerome Schneider, PIMCO's head of short-term and funding desk, says we should be preparing for rates moving higher. Jurrien Timmer, Fidelity Investments' director of global macro, says global equities will outperform the U.S. Bruce Bartlett, a historian and author who served as a domestic policy adviser to Ronald Reagan, says Republicans are having a hard time compromising with themselves. Finally, Karen Mills, the former administrator for the Small Business Administration, says small businesses are anxious waiting for new tax legislation. (Corrects spelling of Karen Mills' name.)
May 22, 2017
President Trump Is Strongly Committed to NATO, Stoltenberg Says
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NATO Secretary General Jens Stoltenberg says President Trump has told him that he is strongly committed to NATO. Prior to that, Robert Hormats, Kissinger Associates' vice chairman, says Merkel is the leader of the G-7 now. Luigi Zingales, a professor at University of Chicago's Booth School of Business, says Republicans have been missing in action in keeping Trump in check. Finally, Max Baucus, a former senator and U.S. Ambassador to China, says the rule of law is beginning to take over with the appointment of a special counsel for the Russia investigation.
May 19, 2017
A Closer Look With Arthur Levitt: Jeffrey Sachs (Audio)
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Apr.29 (Bloomberg) -- Arthur Levitt, former chairman of the U.S. Securities and Exchange Commission, interviews Jeffrey Sachs, Columbia University professor of economics on "A Closer Look With Arthur Levitt." To contact the producer and editor: Michael Lysak +1-212-617-5560 or acloserlook@bloomberg.net
May 19, 2017
There Is Resistance to Debt Relief, Papaconstantinou Says
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George Papaconstantinou, the former Finance Minister of Greece, says there's deep-seated resistance to debt relief. Chris Grisanti, the founder of Grisanti Capital Management, says he's positive on oil. Finally, Greg Valliere, Horizon Investments' chief political strategist, says the odds favor the House keeping control in midterm elections.
May 18, 2017
FBI Does a Good Job of Upholding Rule of Law, Hosko Says
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Ron Hosko, the former assistant director of the FBI, says it's standard practice of every FBI agent to take notes in longer interviews and convert them to memos. Henry Kaufman, the president of Henry Kaufman & Company, says we haven't fully succeeded in deleveraging. Steve Rattner, Willett Advisors' chairman, says the media is overreacting on the legal side when it comes to President Trump. Finally, Helena Kennedy, a member of the House of Lords, says it will take a decade to resolve Brexit issues.
May 17, 2017
The Future of Smart Cities Special: Spotlight on Infrastructure
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As part of Infrastructure Week 2017, Bloomberg gathered federal and local leaders in Washington DC for a conversation on the critical challenges facing cities and states around the country. David Gura spoke with Nashville Mayor Megan Barry, Congresswoman Elizabeth Esty & Columbus Mayor Andrew Ginther. Amy Morris and Alan Bjerga spoke with DC Mayor Muriel Bowser, Charlotte Mayor Jennifer Roberts and New Bedford Mayor Jon Mitchell.
May 16, 2017
McConnell Explains His Pick of Merrick Garland for FBI
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Mitch McConnell, the Senate majority leader, tells Bloomberg's Kevin Cirilli why Garland should head the FBI. Prior to that, Peter Hooper, Deutsche Bank's chief economist, says Emmanuel Macron has major challenges ahead, including France's upcoming parliamentary elections. James Stavridis, the dean of the Fletcher School at Tufts University, says it's clear that highly classified information was given to the Russians. Finally, Edward Alden, a senior fellow at the Council on Foreign Relations, says the Trump administration is deliberately more mercantilist.
May 16, 2017
OPEC's Influence Is No More, Weinberg Says
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Carl Weinberg, the chief economist at High Frequency Economics, says OPEC's influence on oil prices is "increasingly decreasing." Michael Cannon, Cato Institute's director of health policy studies, says the House didn't show an appetite in repealing Obamacare. James Stavridis, the dean of the Fletcher School at Tufts University, says we should expect more cyber attacks. Oliver Chen, a retail analyst at Cowen, says Macy's is in the epicenter of the retail disruption. Finally, Kevin Brady, the chairman of the House Ways and Means Committee and a Republican representative from Texas, says a tax bill could be on Trump's desk by the end of the year.
May 15, 2017
China Isn't Manipulating Currency, Commerce Secretary Ross Says
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China isn't manipulating its currency, says U.S. Secretary of Commerce Wilbur Ross, adding that some things about the Volcker Rule can change. Prior to that, John Normand, JPMorgan's head of FX, commodities and international rates research, says sterling will weaken. Roger Bootle, founder of Capital Economics, says the next five to 10 years will be disequilibrium on steroids. Randall Kroszner, a professor at the University of Chicago's Booth School, says he's heartened that the Fed's discussions on rates and balance sheet adjustments haven't caused a disruption. Finally, Geoff Robinson, UBS' executive director of equity research, says Apple has serious buying power.
May 12, 2017
The Optics of This Administration Are Hideous, Stavridis Says
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James Stavridis, dean of the Fletcher School at Tufts University, says it's remarkable to see the National Security Advisor and the FBI Director both fired in Trump's first 112 days. Prior to that, Charles Powell, a member of the House of Lords, says Brexit hasn't caused panic in the U.K. Dennis Gartman, editor of the Gartman Letter, says more inflation is on the horizon. Finally, Howard Davidowitz, chairman of Davidowitz and Associates, says Amazon will do more apparel sales than Macy's.
May 11, 2017
Blood Is in the Water in Trump's Administration, Valliere Says
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Greg Valliere, Horizon Investments' chief global strategist, discusses James Comey's dismissal and says Trump's agenda is stalled and tax reform is dead for this year. Prior to that, Marvin Barth, Barclays' global head of FX strategy, says the ECB is still on course to change its forward guidance. Wendy Carlin, a professor at University College London, tells Tom Keene and David Gura how to get younger generations invested in economics. Finally, Eli Lake, a Bloomberg View columnist, says the White House created its own crisis.
May 10, 2017
Macron Is a Modern Monarch, Fenby Says
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Jonathan Fenby, TS Lombard's director of European political research, and RBS Chairman Howard Davies discuss Emmanuel Macron's speech at the Louvre, the future of France's political landscape and the relationship between Macron and Angela Merkel. Erik Nielsen, Unicredit's chief economist, says Trump will be ineffective in talking down the dollar. Steven Wieting, Citi Private Bank's global chief strategist, says a Fed balance sheet adjustment will be volatile. Finally, Scott Snyder, a senior fellow for Korean studies at the Council on Foreign Relations, says North Korea isn't ready for talks with South Korea.
May 09, 2017
France's Macron Will Disrupt Everything, Publicis CEO Says
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Maurice Levy, the outgoing CEO of Publicis, says Emmanuel Macron will disrupt everything because he's young and has the will and determination to address the real issues in France. Richard Attias, chairman of Attias & Associates, says the National Front Party is extremist, not just populist. Renaud Dutreil, former chairman of LVMH, says Macron embodies a fresh and innovative approach to politics. Finally, Ruchir Sharma, chief global strategist at Morgan Stanley, says OPEC's powers are greatly overstated.
May 08, 2017
Real Economic Growth Is a 2% Number Going Forward, Gross Says
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Bill Gross, a fund manager at Janus Capital, says real economic growth in the U.S. is a 2 percent number going forward. Prior to that, Jean-Claude Trichet, former ECB president, says he agrees with Emmanuel Macron on respecting rules and reforming France. Alan Krueger, a professor at Princeton University, remembers the legacy of economist William Baumol. Finally, James Glassman, a senior economist at JPMorgan Securities, says low oil prices are bad for energy sectors but great for Americans.
May 05, 2017
It's a Do-or-Die Moment for Oil Bulls, Schork Says
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Stephen Schork, editor of the Schork Report, says it's a do-or-die moment for oil bulls and that it's clear that OPEC has failed to balance markets. Prior to that, William McNabb, Vanguard Group's CEO, says he's never had a growth objective for Vanguard in 42 years. Komal Sri-Kumar, president of Sri-Kumar Global Advisors, says there's little transparency or clarity coming from the Fed. Libby Cantrill, PIMCO's executive vice president, says fiscal expansions will come, but there will be fewer than expected.
May 04, 2017
Surveillance Special: Tom Keene Speaks With Ben Bernanke
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In a special edition of Bloomberg Surveillance, Tom Keene speaks with former Federal Reserve Chairman Ben Bernanke ahead of the central bank's latest rate decision.
May 03, 2017
Freedom Caucus Founder Hopes for a Health-Care Vote This Week
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Jim Jordan, House Freedom Caucus founder, says he hopes Congress will vote on health care this week and that President Trump resonates because he has conservative principles with populist tones. Prior to that, Bloomberg Intelligence's Ira Jersey says the Fed wants to shrink the balance sheet. Eswar Prasad, a professor at Cornell University, says China could be doing more about North Korea because it's North Korea's economic lifeline. Arkansas Congressman French Hill discusses the health-care vote. Finally, Mitch Daniels, president of Purdue University, says the Kaplan acquisition isn't a threat to Purdue's culture.
May 03, 2017
Bloomberg's Talev Talks About Trump Oval Office Interview
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Bloomberg's Margaret Talev speaks about the Oval Office interview she and colleague Jennifer Jacobs conducted with President Trump, in which he reiterated expectations for 3 percent GDP growth and said he's considering breaking up big banks. Prior to that, Howard Ward, CIO of growth equities for Gabelli Funds, says Apple is defying skeptics with its pricing power. Citadel CEO Ken Griffin says money's coming out of active management and is heading toward passive structures. Dartmouth professor Douglas Irwin discusses Trump's trade policy. Finally, UBS' Julian Emanuel says low volatility can seduce investors into taking on more risk, but they need to remain disciplined at this point.
May 02, 2017
Trump Listens to Jamie Dimon, William Rhodes Says
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William Rhodes, CEO of William Rhodes Global Advisors, says Trump has been inviting to corporate chiefs and that he listens to JPMorgan's Jamie Dimon. Greg Valliere, Horizon Investments' chief global strategist, says Goldman Sachs' dominance in the White House is a good story for investors. Jahangir Aziz, JPMorgan's head of emerging markets research, says China's Central Bank is trying to be more communicative. Tony Crescenzi, PIMCO's executive vice president, says fiscal authority hasn't taken over from monetary authority yet. Finally, Doug Kass, president of Seabreeze Partners, says he's long Twitter and that it has a valuable user base.
May 01, 2017
Bloomberg Surveillance: Can Malls Claw Their Way Out?
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Byron Carlock of PWC joins Tom Keene and David Gura on Bloomberg Surveillance to discuss the precarious future of America’s shopping malls.
May 01, 2017
Trump Is Getting a Civics Lesson in First 100 Days, Haass Says
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Richard Haass, president of the Council on Foreign Relations, says Trump is getting a lesson in Civics 101 and is seeing the strength of independent institutions in U.S. democracy during his first 100 days as president. BlackRock's Gerardo Rodriguez says Trump has introduced an element of uncertainty in Mexico that had been fading. Zeke Emanuel, the chair of the Department of Medical Ethics at the University of Pennsylvania, says the American public wants the Affordable Care Act to be fixed, not removed. Doug Holtz-Eakin, president of the American Action Forum, says the White House must provide leadership to get tax regulations overhauled. Finally, Victor Cha, senior adviser and Korea chair at the Center for Strategic and International Studies, says the Trump administration is sending conflicting signals on North Korea.
Apr 28, 2017
The World Is Trading Between Companies, Not Nations, Lee Says
2872
William Lee, chief economist at the Milken Institute, says the regulatory environment doesn't inspire the use of capital to create investments that boost productivity. Diana Furchtgott-Roth, a senior fellow at the Manhattan Institute, discusses tax reform. Brian Belski, chief investment strategist at BMO Capital Markets, says earnings have yet to reflect the realities of fiscal reform. Finally, David Rosenberg, chief economist at Gluskin Sheff & Associates, says the Canadian economy is advancing, the emergency is over and it's time for the Bank of Canada to take back its emergency rate cuts.
Apr 27, 2017
E.U. Banks Haven't Embraced Cross-Services Reform, O'Neill Says
2842
Jim O'Neill, the former U.K. commercial secretary to the Treasury, says E.U. banks have never embraced true cross-services reform and that American banks played a more successful game than their E.U. counterparts. JPMorgan Chase's John Normand says Trump's policies are more diluted than they were on the campaign trail. James Stavridis, dean of the Fletcher School at Tufts University, says he's concerned with the diffusion pattern of the Russian investigations. Jeffrey Currie, Goldman Sachs' global head of commodities research, says oil will stay in a trading range of between $55 and $60. Finally, Mike Mayo, an independent bank analyst, says Citigroup might need a restructuring.
Apr 26, 2017
European Financial Stocks Will Do Well, Herro Says
2607
David Herro, CIO at Harris Associates, says European financial stocks will do well and BNP Paribas is still a good value. Prior to that, Adair Turner, former chairman of the U.K. Financial Services Authority, says countries want to stay in the Paris Climate Accord. Shahab Jalinoos, the head of FX strategy at Credit Suisse, says an Emmanuel Macron presidency will generate optimism in European reform. Finally, Stan Collender, MSLGroup's executive vice president, says a government shutdown is possible, but unlikely.
Apr 25, 2017
French Are Fed Up With Traditional Political Elite, Attias Says
2502
Richard Attias, chairman of Richard Attias & Associates, says French voters are fed up with the traditional political elite and are writing a new chapter in French politics. Julia Coronado, chief economist at MacroPolicy Perspectives, says tax reform talks are "smoke and mirrors." David Rothkopf, CEO and editor of the FP Group, says there's a global anti-establishment backlash. Finally, George Friedman, chairman of Geopolitical Futures, says it's not out of the question that Marine Le Pen could win the French presidential election, following the surprise upsets of Brexit and Trump. (Corrects misspelling of Coronado.)
Apr 24, 2017
French Election Isn't a Big Short-Term Risk, Blanchard Says
2550
Olivier Blanchard, former chief economist at the IMF, says the French election isn't a big short-term risk and the lack of informed economics debate is an issue. Prior to that, Jason Furman, a senior fellow at the Peterson Institute, says economic problems have been increasing since the 1950s. Alice Rivlin, a former vice chair of the Fed, says the U.S. political system's so polarized that the country isn't getting anything done. Jacob Frenkel, chairman of JPMorgan Chase International, says geopolitics are the sources of economic uncertainty. Finally, Alan Blinder, a former vice chair of the Fed, says the U.S. isn't going back to the nominal interest rates to which investors had become accustomed.
Apr 21, 2017
Three Rate Hikes Is Still a Good Baseline, Kaplan Says
1763
Robert Kaplan, president of the Dallas Fed, says three Fed rate hikes is still a good baseline and that the central bank's unwinding of its balance sheet should be phased in and gradual. Prior to that, John Lipsky, former first managing director of the IMF, says international collaboration has real substance and holds up the promise of better economic growth. Finally, Gideon Rose, the editor of Foreign Affairs magazine, says the Trump administration is confused on Syria and trade with China.
Apr 20, 2017
U.S. Market Is the Most Expensive, Fink Says
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BlackRock CEO Larry Fink says the U.S. market is the most expensive relative to others and that the market today is anticipating a more centrist outcome with the French elections. Prior to that, Amherst Pierpont's Bob Sinche says U.K. Prime Minister Theresa May's snap election is an aggressive move in solidifying her leadership. Hiroshi Watanabe, president of the Institute for International Monetary Affairs, says monetary and fiscal policies, along with structural reform, need to take place simultaneously. Finally, Frederic Mishkin, a professor at Columbia Business School, says the Fed expanded its balance sheet to lower interest rates on the long end of the yield curve, which is much more important to consumers.
Apr 19, 2017
French Election More Important Than U.K. Election, Konstam Says
2741
Dominic Konstam, Deutsche Bank Securities Global Rates Research Head, said a weak sterling reflects the U.K. may struggle to get a good Brexit deal. John Stoltzfus, Oppenheimer & Co. Chief Investment Strategist, said the VIX has been remarkably low as equity markets look for U.S. economic expansion. Anthony Scaramucci, a Trump adviser, said the White House is more stable than it looks. Dennis Gartman, Gartman Letter Publisher, said it's still a bull market for the dollar. Linda McMahon, administrator at the U.S. Small Business Administration, said the SBA will stay separate.
Apr 18, 2017
U.S. Startups Need Immigrants, AOL Co-Founder Says
2358
Steve Case, co-founder of AOL, discusses the outlook for technology and innovation and says U.S. startups need immigrants. Julian Emanuel, an equity and derivatives strategist at UBS, says markets are in a wait-and-see mode. Finally, Mike Mayo, an independent banking analyst, says banks are hardwired for safety, but not for better governance.
Apr 17, 2017
Fed Doesn't Need to Reduce Balance Sheet, Kocherlakota Says
2517
Narayana Kocherlakota, a Bloomberg View columnist and former president of the Federal Reserve Bank of Minneapolis, says it would be hard for Trump to say that Janet Yellen hasn't done her job. Prior to that, Michael Darda, MKM Partners' chief economist, says the Fed's on course for quarter-to-quarter rate hikes. Ken Leon, CFRA Research's director of industry and equities, says JPMorgan didn't exhibit its normal across-the-board strength in earnings. Finally, Emmanuel Kachikwu, Nigeria's oil minister, says OPEC is struggling with U.S. production increases.
Apr 13, 2017
IMF's Lagarde Says Protectionism Is a Global Threat
2247
IMF Managing Director Christine Lagarde says protectionism's a threat and we should assess currency moves on a global basis. Marc Chandler, the head of foreign exchange at Brown Brothers Harriman, says geopolitical tensions will eventually settle down. Finally, James Stavridis, the dean of the Fletcher School at Tufts University, says the mutual history of the U.S. and Russia can be a positive.
Apr 12, 2017
Smaller U.S. Companies Are Fine, JPMorgan's Michele Says
2565
Bob Michele, JPMorgan's chief investment officer, says small and mid-cap companies in the U.S. are fine and that's being reflected in small-business confidence. Prior to that, Nomura Securities' George Goncalves says central banks don't like being in the limelight. Finally, George Friedman, founder of Geopolitical Futures, says North Korea appears to be close to having nuclear weapons.
Apr 11, 2017
Manufacturing Is Moving at a Good Pace, Toyota's James Says
2110
Toyota Motor President Wil James and Kentucky Governor Matt Bevin discuss Toyota's $1.33 billion investment in a Kentucky plant. Prior to that, Carl Weinberg, chief economist at High Frequency Economics, says the economy's 2 percent growth rate seems to be more than enough to keep the unemployment rate falling. Finally, the Brookings Institution's Thomas Wright says Trump didn't send a particularly strong message with the Syrian air strikes.
Apr 10, 2017
We Want New, Modern Glass-Steagall, Cohn Says
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Gary Cohn, the former Goldman Sachs president who is now director of the National Economic Council, says the U.S. needs a 21st-Century Glass-Steagall Act and that deregulation is one of the easier things the White House can do. Prior to that, Ellen Zentner, Morgan Stanley's chief U.S. economist, says inflation will pierce the Fed's 2 percent goal later this year. Neel Kashkari, the former Pimco head of global equities who is now president of the Minneapolis Federal Reserve Bank, says we need to keep pushing to end "too big to fail." Dennis Ross, a counselor at the Washington Institute for Near East Policy, says hard power is a necessary part in effective diplomacy. Finally, Bill Gross of Janus Capital Management says the focus should be on productivity growth.
Apr 07, 2017
China May Retaliate by Taxing U.S. Goods, Locke Says
2589
Gary Locke, a former U.S. ambassador to China, says a border tax would affect China and raise the price of imported goods. Prior to that, Stephen Roach, a professor at Yale University and former chairman of Morgan Stanley Asia, says China isn't manipulating its currency. Jerome Schneider, PIMCO's head of short-term and funding desk, says the Fed is in the process of a "hand off" to fiscal policy. Finally, Diane Swonk, founder of DS Economics, says the labor market is healing.
Apr 06, 2017
Yen May Move to 150 Per Dollar, Shilling Says
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Gary Shilling, president of A. Gary Shilling and a Bloomberg View columnist, discusses the Japanese Yen and says China's growth is slowing. Prior to that, Gina Martin Adams, Bloomberg Intelligence's chief U.S. equity strategist, says S&P 500 valuation's at a 15-year high, but may not have found its peak. Nancy McLernon, CEO of the Organization for International Investment, says lobbying gets a bad rap but it's educating. Toby Cosgrove, CEO of Cleveland Clinic, says we haven't gotten the right aspects of health-care reform.
Apr 05, 2017
Rice's Actions in Trump Intelligence May Be Improper, Lake Says
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Bloomberg View columnist Eli Lake says Susan Rice's actions may not be illegal but improper is another question. Prior to that, Bob Hormats, the former Goldman Sachs executive and State Department official who is now vice-chairman at Kissinger Associates, says Trump doesn't know much about China and will have to listen to President Xi Jinping when they meet later this week. Tim Armstrong says he picked the name Oath for Yahoo and AOL's re-branding to show commitment to businesses and consumers. Alan Ruskin, Deutsche Bank's co-head of FX research, says the South African rand isn't a currency for rookie FX traders. Finally, Itay Michaeli, an auto analyst at Citigroup, says there's not an auto bubble for lending with subprime loans.
Apr 04, 2017
Democrats Need Message for Working Class, E. J. Dionne Says
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E.J. Dionne, the Washington Post columnist and senior fellow at the Brookings Institution, says Democrats need to craft a compact message for the working-class voters who are hurting the most in today's economy. Prior to that, Sebastien Galy, an analyst at Deutsche Bank Securities, says a weaker British pound is led by a stronger dollar and a dovish Bank of England. Ted Alden, a senior fellow at the Council of Foreign Relations, says the Trump administration wants to get a sense of China's willingness to cooperate on North Korea. Finally, Scott Wren, Wells Fargo's chief equity strategist, says markets will be driven by policies that are implemented.
Apr 03, 2017
Sen. Warren Would Defend Dodd-Frank to the Death, Eisman Says
3269
Steve Eisman, a money manager at Neuberger Berman Group, discusses bank regulation and says too little leverage in the banking system is bad. Peter Navarro, the director of the National Trade Council, says the U.S. has significant trade deficits with 16 nations and Commerce Secretary Wilbur Ross will take a comprehensive look at trade balances. New York Fed President William Dudley says a couple more rate hikes this year seems reasonable. Finally, Mohamed El-Erian, a Bloomberg View columnist, says Brexit is a response to the lack of inclusive growth.
Mar 31, 2017
Corporate Tax Reform Will Help Markets, Holland Says
2849
Michael Holland, chairman of Holland & Co., says getting some kind of corporate tax reform in the next six months will help the markets. Absolute Strategy Research's Ian Harnett says the Fed will have difficulty raising rates for a third or fourth time this year. Ian Bremmer, president of Eurasia Group, says there is both internal pressure and pressure from the European Union for Prime Minister Theresa May to unify the U.K. after Brexit. Finally, Jonathan Miller, president of Miller Samuel, says New York City real estate prices are moving sideways or down.
Mar 30, 2017
Faster Economic Growth Requires Structural Reform, Buiter Says
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Willem Buiter, Citigroup's chief economist, says faster economic growth requires structural reforms, more capital expenditure and an elimination of trade barriers. Daniel Yergin, IHS' vice chairman, says Germany has kept the EU together. Finally, Vitor Gaspar, the IMF's fiscal affairs director, says the link between politics and economics was a tradition until the 20th century -- something that's been lost recently.
Mar 29, 2017
German Banking Market Needs to Be Restructured, Herro Says
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David Herro, CIO of Harris Associates, says Germany is one of the worst markets for banking because it has a competitive marketplace. Prior to that, Tobias Levkovich, Citigroup's chief U.S. equity strategist, says the reaction to Trump's election in markets have been off-the-cuff and not real investing. Finally, Joachim Fels, PIMCO's global economic advisor, says 3-to-4 percent growth is unrealistic now.
Mar 28, 2017
Aspects of Financial Crisis Still Linger, Crescenzi Says
2750
Anthony Crescenzi, a Pimco money manager, says inaction in Washington has hurt the U.S. economy. Greg Valliere, Horizon Investments' chief global strategist, says tax reform isn't the next issue for the Trump administration. Jim Kochan, Wells Fargo's chief fixed-income strategist, says the high-yield market still offers value as yields will move sideways through 2017. Finally, Michael Cohen, Barclays' head of energy commodities research, says most commodity prices are driven lower by macro developments.
Mar 27, 2017
U.S. Equities Aren't the Only Game in Town, Levitt Says
2562
Brian Levitt, a senior strategist at OppenheimerFunds, says there's going to be a pause in markets as we deal with the reality of politics. Peter Tague, Citigroup's co-head of global M&A, says it's tougher for private equity to make money now. Finally, UBS Securities' Julian Emanuel says a lot of pockets in the market are at historically high valuations.
Mar 24, 2017
The Russians Hacked Our Election, Slaughter Says
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Anne-Marie Slaughter, the president of New America Foundation, says the Russians hacked the presidential election and the U.S. needs to respond, but the national trauma of 9/11 and the Iraq War has made the U.S. more timid and reluctant to use force. Prior to that, Deutsche Bank's Sebastien Galy says the catalyst for a stronger dollar will be better data in the U.S. Then, Tony Dwyer, Canaccord Genuity's chief market strategist, says you should never sell until you're in close proximity to a recession. Nicholas Burns, a professor at Harvard University's Kennedy School, says you need to work across borders to counter modern terrorism. Finally, Erwin Chemerinsky, the dean of University of California, Irvine's School of Law, says Neil Gorsuch is smart and articulate but isn't answering many questions in Congress.
Mar 23, 2017
GOP Handling Health Care Worse Than Democrats, Emanuel Says
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Zeke Emanuel, a senior fellow at the Center for American Progress, says there should be a bipartisan approach to health care. Prior to that, Harm Bandholz, UniCredit's chief U.S. economist, says Trump and European countries are the losers on globalization and technological progress. Don Straszheim, Evercore ISI's head of China research, says China's in Draghi mode. Finally, Yale's Robert Shiller says Trump oversimplifies and implies it's easy to fix problems.
Mar 22, 2017
Tillerson Is Making a Mistake by Skipping NATO, Stavridis Says
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Admiral James Stavridis, the dean of Tufts University's Fletcher School, says Secretary of State Rex Tillerson's decision to skip April's NATO meeting is a violation of "diplomacy 101." William Rhodes, president and CEO of William Rhodes Global Advisors, says the banking culture needs to improve to restore trust in banking. Paul Quinsee, JPMorgan's global head of equities, says revenue growth and currency movements will help profit growth this year in Europe. Finally, Neil Shearing, Capital Economics' chief emerging markets economist, says the strength of the Mexican peso and other emerging market currencies has been surprising.
Mar 21, 2017
2% Inflation is a Ceiling Not a Target, Kashkari Says
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Jeffrey Sachs, Columbia University Professor of International and Public Affairs, said President Trump has turned the world against the U.S. Phil Verleger, PKVerleger President, said technology will lead to an overwhelming drop in oil costs. Jack Bogle, Vanguard Founder, said active investing has moved to the ETF space. Neel Kashkari, Minneapolis Fed President, said he's not worried about the Fed falling behind the curve.
Mar 20, 2017
Elmendorf: Mistake for Trump Not to Fill Positions Quickly
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Gabriela Santos, JPMorgan Asset Management Global Market Strategist, said equities will escape the sideways market. Doug Elmendorf, Former CBO Director, said it's time to scale back entitlement programs. Nicholas Burns, Harvard Professor, said budget cuts would decimate the State Department. Stan Collender, MSLGROUP Executive Vice President, said President Trump's budget is masquerading as a government document. Steven Rattner, Willett Advisors Chairman, said it's hard to see the long-term growth rate above 2%. Andrew Gurman, American Medical Association President, said that the science on vaccines is totally clear.
Mar 17, 2017
Trump's Budget Is Borderline Incompetent, Furman Says
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Jason Furman, a senior fellow at the Peterson Institute, discusses Donald Trump's budget proposal. Peter Hooper, chief economist at Deutsche Bank Securities, says the Bank of England is on the sidelines for Brexit. Sebastian Mallaby, a senior fellow at the Council on Foreign Relations, says the Fed should be more paranoid about asset prices overshooting. Richard Haass, the president of the Council on Foreign Relations, says Rex Tillerson is having a rough start to the year. Willem Buiter, Citigroup's chief economist, says the Dutch election outcome is a personal punch to Geert Wilders. Finally, Tom Nichols discusses his book, "The Death of Expertise: The Campaign Against Established Knowledge and Why It Matters."
Mar 16, 2017
Trump Fuels Higher Real Yields, Ruskin Says
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Alan Ruskin, global co-head of head of currency research at Deutsche Bank Securities, warns that U.S. investors risk losing their "animal spirits." Joe Antos, a health economist at the American Enterprise Institute who is critical of the Affordable Care Act, says Republicans should take time to refine their health-care plan. Doug Kass, president of Seabreeze Partners, says the unexpected often moves markets. Finally, Jim Palmer, former Hall of Fame pitcher for the Baltimore Orioles, discusses the business of baseball.
Mar 15, 2017
Health Care Cost Is the Biggest Concern, Slavitt Says
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Andy Slavitt, the former administrator of the Centers for Medicare and Medicaid, says politicians must make progress on the health-care bill, without pride of authorship. Prior to that, Neil Dutta, Renaissance Macro's head of U.S. economics, says animal spirits are returning to America, but not in Europe. Bob Haber, Proficio Capital Partners' founder, says he's sitting on the sidelines for private equity. Finally, Michael Froman, a former U.S. Trade representative, says several TPP countries want to move ahead on the deal without the U.S.
Mar 14, 2017
Trump Must Offset Higher Spending, MacGuineas Says
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Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, says there's room for debate on where to spend federal dollars. Prior to that, Carl Weinberg, the chief economist at High Frequency Economics, says he's skeptical that GDP growth will be as high as the Trump administration has promised. Doug Holtz-Eakin, the president of the American Action Forum, discusses the Congressional Budget Office's review of the proposed American Health Care Act. Finally, Greg Valliere, the chief global strategist at Horizon Investments, says Medicaid cuts are a non-starter.
Mar 13, 2017
Current Job Growth Unlikely to Continue, Gross Says
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Janus Capital's Bill Gross says it's a stretch to think that job growth will continue. Prior to that, Michael Cannon, the Cato Institute's director of health policy studies, says the country needs a full repeal of the Affordable Care Act. Willem Buiter, Citigroup's chief economist, says there's a risk of the rise of fascism in Europe. Finally, Alan Krueger, an economics professor at Princeton University, says the U.S. corporate tax system is awful.
Mar 10, 2017
Trump Has Woken Up Animal Spirits, Dimon Says
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JPMorgan CEO Jamie Dimon says consumer and small-business confidence have skyrocketed under Trump's growth agenda. Prior to that, former ECB President Jean-Claude Trichet says that productivity in the U.S and E.U. isn't rising fast enough. Nathan Sheets, the U.S. Treasury Department's former undersecretary for international affairs, says a key question is how committed America is to a free trading order across the globe. Finally, Steve Wieting, Citi Private Bank's global chief strategist, says he trusts polls less and relies more on politics in investing.
Mar 09, 2017
Wilbur Ross Says He Hasn't Taken a Position on Border Tax
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U.S. Commerce Secretary Wilbur Ross says he's still studying a border adjustment tax and hasn't yet taken a position on it. Prior to that, Kate Moore, BlackRock's chief equity strategist, says low volatility doesn't indicate complacency -- instead, it suggests paralysis and confusion. Finally, Lindsey Piegza, Stifel Nicolaus' chief economist, says it's clear underemployment is significant when looking at wages.
Mar 08, 2017
House of Lords Shouldn't Set Brexit Conditions Now, King Says
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Mervyn King, former governor of the Bank of England, discusses the role that the House of Lords plays in the Brexit process. Catherine Mann, the OECD's chief economist, says a U.S. border tax won't achieve its aims. Finally, Howard Dean, a former Democratic presidential candidate, says Trump's health-care proposal is "pretty bad."
Mar 07, 2017
Forecasts for Productivity Growth Are Uncertain, Blanchard Says
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Olivier Blanchard, the former IMF chief economist, says forecasts for productivity growth are uncertain. Prior to that, Edward Alden, a senior fellow at the Council on Foreign Relations, says the right economic nationalist conversations to be having are those that surround corporate tax reform. Torsten Slok, the chief economist at Deutsche Bank Securities, says we've plucked the lowest-hanging fruit when it comes to the growth outlook for the U.S. Finally, Marc Chandler, the head of currency strategy at Brown Brothers Harriman, says the market's expectation of a March rate hike doesn't change the odds of three rate increases this year.
Mar 06, 2017
Fed Isn't Committed Enough to Price Stability, Goodfriend Says
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Marvin Goodfriend, an economics professor at Carnegie Mellon University, says that if the Federal Reserve were really committed to price stability, retirees would be in a much better situation today. Brian Wieser, an analyst at Pivotal Research, says Snap has created a successful product but the bigger question is whether Snap can increase revenue. David Kirkpatrick, CEO and founder of Techonomy Media, says Snap isn't like Twitter because it's got a real business. Finally, USB Securities' Julian Emanuel says enthusiasm isn't as high as it was in 1999 or 2000, suggesting valuations may still move higher.
Mar 03, 2017
Blinder Expects Up to Four Fed Rate Hikes This Year
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Alan Blinder, former vice-chairman of the board of governors of the Federal Reserve, expects three to four rate hikes this year. Prior to that, Bill Lee, Citigroup's head of North American economics, says sentiment data aren't good predictors of real data or the economy. Jim Millstein, former chief restructuring officer at the U.S. Treasury, says the confirmation process has become uncivil and we have to change it if we want to get qualified candidates into public service. Finally, Mike Mayo, a former CLSA banking analyst, discusses the future of sell-side research and banking regulation.
Mar 02, 2017
Democrats Are in the Wilderness, Valliere Says
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Greg Valliere, Horizon Investments' chief global strategist, says Democrats are in the wilderness when it comes to responding to President Trump, whose change in tone will yield positive dividends. Prior to that, John Silvia, Wells Fargo's chief economist, says it will be a struggle to get 3- to 4-percent GDP growth on a sustained basis. Admiral James Stavridis, the dean of Tufts University's Fletcher School, says promises are pouring in from NATO but the U.S. hasn't yet seen money from NATO allies. Finally, Steve Rattner, chairman of Willett Advisors, says that replacing Obamacare will result in a smaller health-care system that costs the government less.
Mar 01, 2017
U.S. Economy Is Pretty Solid at 2.5% Growth, Hyman Says
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Ed Hyman, chairman of Evercore ISI, says the U.S. economy will expand by 2.5 percent this year and we'll know the economy is at full employment once wages start to rise. Libby Cantrill, PIMCO's head of public policy, says tax policy is the No. 1 question from clients. Martin Hegarty, the head of BlackRock's inflation-linked bond portfolios, says core inflation is on a path to 2.7 percent at the end of 2018. Finally, Max Baucus, the former U.S. Ambassador to China and former senator from Montana, says we have to work together to make sure the tax code is efficient and that people get adequate healthcare.
Feb 28, 2017
Valuations Are Just About Average, Herro Says
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David Herro, Harris Associates' deputy chairman and CIO, says valuations aren't overpriced. Prior to that, Jonathan Golub, RBC Capital Markets' chief U.S. market strategist, says inflation expectations are rising and there's no sign of a looming recession. Dr. Steve Corwin, president and CEO of NewYork-Presbyterian Hospital, discusses the debate over Obamacare and says access to care isn't insurance. Finally, Thomas Wright, the director of the Project on International Order and Strategy at the Brookings Institute, says President Trump is looking to see what he can tear up.
Feb 27, 2017
Virginia's McAuliffe Criticizes Trump's First Month
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Terry McAuliffe, Virginia's Democratic governor, says President Trump has made many mistakes in his first 30 days. Prior to that, Merrill Lynch's Joe Quinlan says politicians have to pay attention to the angry populist movement. Finally, George Friedman, founder and chairman of Geopolitical Futures, says Trump is playing cleanup on immigration enforcement from Presidents Obama, Bush and Clinton.
Feb 24, 2017
Banks Will Close 10,000 Branches in Coming Years, Mayo Says
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Michael Mayo, a banking analyst at CLSA, says banks will close 10,000 branches in the next several years as customers accept mobile banking. Prior to that, Ed Morse, Citigroup's global head of commodities research, says OPEC needs to prolong cuts because of the oil glut. Finally, John Herrmann, a rate strategist at Mitsubishi UFJ, says the market is pricing in too low of a chance that there will be a Fed rate hike in March.
Feb 23, 2017
U.S. Markets Are Ignoring Risks, Yale's Roach Says
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Stephen Roach, a professor at Yale University, says U.S. markets are largely ignoring risks because it's human behavior to believe in the message of growth rather than the reality of political upheaval. Sam Zell, the chairman of Equity Group Investments, says immigration is core to what built the U.S. Also, BNP Paribas' Stewart Warther says U.S. equity markets are getting close to being fully priced. Finally, Vince Reinhart, the chief economist at Standish Mellon, says stronger growth will be coupled with tighter Fed monetary policy than previously thought.
Feb 22, 2017
Europeans Worried Trump Isn't Leading, Harvard's Burns Says
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Nicholas Burns, a professor at Harvard University, says many Europeans are concerned that the U.S. is no longer leading the West. Prior to that, Chris Verrone, Strategas Research's head of technical analysis, says there's a lot of bearishness with respect to the pound and the euro. Craig Moffett, founder and senior analyst at MoffettNathanson, says Verizon and AT&T would benefit the most from consolidation. Finally, Dennis Ross, who conducted Arab-Israeli diplomacy for three U.S. presidents, says destroying ISIS is an ideological challenge, not just a military one.
Feb 21, 2017
The Economic Pain of Brexit Is Becoming Clear, Blair Says
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Former UK Prime Minister Tony Blair discusses Brexit and the importance of Theresa May's relationship with Donald Trump. Howard Ward, Gabelli Funds' CIO of growth equities, says investors need to brace for more turbulence in the markets. Barry Eichengreen, an economics professor at Berkeley, says public support for the euro is declining. Finally, Admiral James Stavridis, former Supreme Allied Commander of NATO, says a new National Security Adviser would be well advised to bring in their own team.
Feb 17, 2017
U.S. Economy Heading to Fed's 2% Inflation Goal, Fischer Says
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Stanley Fischer, vice-chairman of the U.S. Federal Reserve, says the Fed seems to be headed towards its expected rate hike path and wage growth has started. Jason Furman, a senior fellow at the Peterson Institute, says we aren't far from full employment. Douglas Holtz-Eakin, president of the American Action Forum, says 2018 is the earliest the Fed will address the balance sheet. Finally, Steve Rattner, chairman of Willett Advisors, says Donald Trump isn't even trying to find the most qualified experts.
Feb 16, 2017
Bloomberg's Eli Lake Responds to Trump's Tweet on Flynn
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Bloomberg View's Eli Lake responds to Donald Trump's tweet about his column, "The Political Assassination of Michael Flynn." Prior to that, Bob Nardelli, CEO and chairman of Xlr-8, says despite distractions, Donald Trump and his administration will be "laser-focused" on his commitments and what got him into office. Citi Private Bank's Steve Wieting says corporate earnings will reach records this year. Finally, Daniel Tarullo, a member of the Board of Governors of the Federal Reserve, says the largest banks still need regulatory attention.
Feb 15, 2017
Compliance With OPEC Quotas is Striking, Yergin Says
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Daniel Yergin, vice chairman of IHS, says Saudi Arabia is taking the lead when it comes to compliance with OPEC's oil production cuts. Gideon Rose, editor of Foreign Affairs magazine, discusses the resignation of National Security Adviser Michael Flynn and what's next for the National Security Council. Shahab Jalinoos, global head of FX strategy at Credit Suisse, says there's more downside risk for the euro as the French election nears. Robin Niblett, the director of Chatham House, says President Trump sees unpredictability as a way to project strength. Finally, Bob Haber, co-founder of Proficio Capital Partners, says investors need extreme diversification.
Feb 14, 2017
Fed Had a Role in Causing Financial Crisis, Cato's Allison Says
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John Allison, former president and CEO of the Cato Institute, says the Federal Reserve made mistakes in monetary policy that had severe consequences. Prior to that, Jim McCaughan, CEO of Principal Global Investors, says a weak banking system, particularly in Italy and Germany, will constrain European growth. Bob Sinche, Amherst Pierpont Securities' global strategist, says the pound will weaken to $1.20 later this year. Finally, Peter Feaver, a professor at Duke University, says the rollout of the ban on incoming refugees wasn't thought through and was ineffective.
Feb 13, 2017
Fed Independence Is Crucial, Abby Joseph Cohen Says
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Goldman Sachs' Abby Joseph Cohen says the Federal Reserve's independence is crucial to its success and she's concerned by moves in Congress to second-guess the Fed's decisions. Greg Valliere, Horizon Investments' chief global strategist, says Donald Trump may modify the executive order on immigration. Finally, Noah Feldman, a professor at Harvard Law School and Bloomberg View columnist, says judges don't respond well to bullying and don't like people stepping on their toes.
Feb 10, 2017
Michael Darda Expects Three Fed Rate Hikes This Year
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Michael Darda, MKM's chief economist, says he expects three Fed rate hikes this year and three to four percent sustainable real U.S. growth. Prior to that, Micah Zenko, a senior fellow at the Council on Foreign Relations, discusses U.S. relations with China and Russia. Dennis Gartman, editor of the Gartman Letter, says he prefers buying gold in Euro and Yen instead of U.S. dollars. Finally, Oliver Chen, a research analyst at Cowen & Co., says there is great long-term opportunity in Costco and Wal-Mart.
Feb 09, 2017
The U.S. Is Killing Itself, Columbia's Sachs Says
1826
Jeffrey Sachs, a professor at Columbia University's School of International and Public Affairs, says the U.S. must invest in the future for all Americans, instead of just the people at the top. Martin Sorrell, CEO of WPP, says the death of television has been exaggerated. Finally, Steve Case, Revolution LLC's chairman and CEO, says diplomacy should be face-to-face, not through 140-character tweets.
Feb 08, 2017
China-U.S. Relations Out of Balance, Schell Says
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Orville Schell, director of U.S. relations at the Asia Society, says the relations between China and the U.S. are out of balance and the U.S. must work with China. Prior to that, Jim Glassman, JPMorgan's head economist for commercial banking, says the labor market isn't up to full potential. Finally, Phil Verleger, president of PKVerleger, says oil may fall if the U.S. doesn't introduce a border tax.
Feb 07, 2017
Trump Isn't in a Position to Undermine Judges, Nye Says
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Joseph Nye, a professor at Harvard's Kennedy School of Government, says Donald Trump could make life difficult for judges, but isn't in a position to corrupt or undermine the independence of the judiciary. Komal Sri-Kumar, president of Sri-Kumar Global Strategies, says inflation isn't on the upswing and there isn't room for Fed rate hikes. Finally, Jim Paulsen, the chief investment strategist at Wells Capital Management, says the bull market in bonds has ended.
Feb 06, 2017
Bill Gross Says We're Stuck in a 2% Real GDP Environment
3010
Janus Capital Management's Bill Gross says he's skeptical that real GDP growth can rise to 3 to 4 percent. Prior to that, Alan Krueger, a professor at Princeton University, says NAFTA has been positive for the U.S. Bob Doll, Nuveen's chief equity strategist, says the more restrictions enacted, the less efficient the economy will be. Jim Grant, editor of Grant's Interest Rate Observer, says he expects the U.S. to revert back to the 1970s' weak dollar policy. Finally, PIMCO's Scott Mather says investors are underpricing central bank action.
Feb 03, 2017
Pressure on Fed Independence Is Ramping Up, Broaddus Says
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Former Richmond Fed President Al Broaddus says there are several pieces of legislation in Congress that would impinge on the Fed's independence. Prior to that, Brian Levitt, Oppenheimer Funds' senior investment strategist, says investors have fought kicking and screaming for the entire bull market. Craig Moffett, MoffettNathanson's senior research analyst, says the big three mobile carriers aren't a "triopoly." Finally, Jordan Rochester, a strategist at Nomura Forex, says he's short USD-JPY and sees a weaker dollar compared to the yen.
Feb 02, 2017
Apple Services to Be a $45 Billion Business, Munster Says
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Gene Munster, Loup Ventures' managing partner, says Apple's growth during the next five years will come from its services. Prior to that, RBS Chairman Howard Davies says a U.S.-China trade war would offset a fiscal boost. Barry Eichengreen, an economics professor at Berkeley, says trade policy will take precedent for Donald Trump because tax reform and infrastructure packages require cooperation with Congress. Finally, former U.S. Attorney General John Ashcroft says Attorney General nominee Jeff Sessions won't be polarizing because he believes in the rule of law.
Feb 01, 2017
HSBC's Maher Shorts Sterling
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Daragh Maher, HSBC's U.S. head of FX strategy, says he sees the pound at $1.20 in the short term and $1.10 by year's end. Prior to that, Brian Belski, the chief investment strategist at BMO Capital Markets, says bet on big banks because of deregulation. Admiral James Stavridis, dean of the Fletcher School at Tufts University, says the U.S. should conduct serious vetting of refugees but not slam the door arbitrarily. Finally, David Bier, an immigration policy analyst at the Cato Institute, says it's illegal for the president to override the 1965 Immigration Act.
Jan 31, 2017
Trump Opposition Crosses Political Lines, George Mitchell Says
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George Mitchell, the former U.S. Senate majority leader, says opposition to Donald Trump's executive orders isn't only along political lines. Prior to that, Fawaz Gerges, a professor at the London School of Economics, says Trump's immigration ban is a propaganda boost for ISIS. Nicholas Burns, a professor at Harvard University's Kennedy School, says strong vetting is already in place and Trump's executive order was unnecessary. Edward Alden, a senior fellow at the Council of Foreign Relations, says illegal immigration is back down to levels from the 1960s and 1970s. Finally, Representative Robert Bishop, chairman of the House Energy and Resources Committee, says Secretary of Defense James Mattis has shown that he is willing to work with Congress.
Jan 30, 2017
Morgan Stanley's Parker Says Earnings May Rise 18 Percent
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Adam Parker, Morgan Stanley's chief U.S. equity strategist, says corporate earnings may increase 18 percent this year and next. Micah Zenko, a strategist at the Council of Foreign Relations, says Russia's Putin wants to push boundaries with U.S. allies. Charles Dumas, TSL Research's chief economist, says reflation is global and not just in the U.S. James Glassman, JPMorgan's senior economist, says 2 percent growth isn't what we're used to in a typical recovery.
Jan 27, 2017
DeLong Says Trump's Tax Cuts Will Raise Demand for U.S. Dollars
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Berkeley professor Brad DeLong says Donald Trump's big tax cuts will raise demand for U.S. dollars worldwide. Kevin Roberts, the former Saatchi & Saatchi chairman, says Trump capitalized on the people's anger at traditional Washington politics. Finally, Bob Sinche, Amherst Pierpont's global strategist, says China faces challenges and may let the currency soften more.
Jan 26, 2017
Alan Blinder Says the Fed Isn't Dysfunctional
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Alan Blinder, a professor at Princeton and former Federal Reserve official, says the Fed isn't dysfunctional, despite the Republicans' success at making the government seem that way. Prior to that, James Sweeney, chief economist at Credit Suisse Securities USA LLC, says markets don't believe that protectionism is coming. Brian Jacobsen, Wells Fargo's chief portfolio strategist, says fixed income and emerging markets represent the best investment opportunity. Finally, Alice Rivlin, the former director of the Office of Management and Budget, says we need to boost economic growth and have long-term debt on a stable path.
Jan 25, 2017
Sallie Krawcheck Says We're 100 Years From Gender Pay Parity
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Sallie Krawcheck, CEO of Ellevest, says we are 100 to 180 years away from gender pay parity, or longer if you're a woman of color. Kevin Logan, HSBC's chief U.S. economist, says the pound is a barometer for Brexit. Brennan Hawken, an analyst at UBS, says Goldman Sachs is most likely to benefit from regulatory adjustments. Finally, Michael Gapen, Barclays' chief U.S. economist, says the Fed is no longer the only game in town.
Jan 24, 2017
Surveillance: Trade Wars Would Be a Disaster, Goolsbee Says
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Austan Goolsbee, former chairman of the White House Council of Economic Advisers, says the TPP was a renegotiation of NAFTA and that trade wars would be a "disaster." Prior to that, Dean Curnett, CEO of Macro Risk Advisors, says volatility due to politics has been increasing and it's challenging to know how and when some of these risks will make their way into markets. Former HHS Secretary Mike Leavitt says President Trump and the GOP will focus on Medicaid. Finally, David Herro, CIO of Harris Associates, says non-U.S. stocks are more attractive than U.S. in valuation.
Jan 23, 2017
Politicians Must Take More Notice of Inclusion, Deaton Says
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From the World Economic Forum in Davos, Angus Deaton, a professor at Princeton and a Nobel Laureate, says African American and Hispanic mortality rates are falling like a "stone." Prior to that, Laura Tyson, a professor at Berkeley, says something big will be done in corporate tax cuts under Donald Trump. Toby Cosgrove, CEO of Cleveland Clinic, says the Veterans Affairs has many issues. Then, Martin Sorrell, CEO of WPP, says there may be a Keynesian-type boom under Trump. Finally, Carlos Gutierrez, former U.S. secretary of commerce, says it's important for Trump to be humble as he begins his presidency.
Jan 20, 2017
Davos Special: Trump Has Picked Smart People, Dalio Says
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Ray Dalio, Bridgewater Associates' founder, says populism is a global phenomenon. Harvard Professor Michael Porter says he rejects the idea that America wants angry populism. Admiral James Stavridis says NATO won't collapse under Donald Trump. Christopher Eisgruber, president of Princeton University, says 80 percent of Princeton students are graduating with zero debt. Nicholas Stern, former UK government climate change czar, says the world can cut emissions 20 percent and double GDP in 20 years. Finally, Carmen Reinhart, a professor at Harvard University, says China is fighting depreciation and capital flight is not entirely in their control.
Jan 19, 2017
Davos Special: Trump Is Against Capitalism, Roubini Says
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Nouriel Roubini, a professor at NYU's Stern School of Business, discusses Donald Trump and says France's Le Pen would be the end of Europe. Prior to that, Joseph Stiglitz, a professor at Columbia University's School of International and Public Affairs, says the rule of law is an issue under Trump's presidency. Harvard's Kenneth Rogoff says he's concerned about the new administration's relationship with the Fed. Then, Robert Shiller, a Nobel economist and Yale professor, says Trump brings uncertainty and inspiration at the same time. David Lipton, the IMF's first deputy managing director, says interconnectedness has helped people achieve higher living standards. Finally, John Studzinski, vice-chair of the Blackstone Group, says Davos is the 1 percent of the 1 percent talking to themselves with no one represented from the other 99 percent -- and having more youth in the room in Davos would make a big difference.
Jan 18, 2017
Davos Special: Rubenstein Says Nationalism Affects Big Banks
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JPM International Chairman Jacob Frenkel said we are close to being out of the financial crisis. Richard Edelman, Edelman President & CEO, said trust has imploded in institutions and media has become part of the elite. David Rubenstein, Carlyle Group Co-Founder, said there is a lot of angst in the global middle class. Qualcomm Chairman Paul Jacobs said 5G will be driven by the end markets and will move beyond just phones and into drones and robots. Skybridge Co-Managing Partner Anthony Scaramucci said President-Elect Trump wants to equalize and create symmetry in trading relationships.
Jan 17, 2017
Surveillance: Revenue Isn't Bank of America Story, Leon Says
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Ken Leon, Center for Financial Research and Analysis' head of equity research for banks, says millennials are more comfortable with online banking and that will hurt consumer banking headcount. Prior to that, UBS' Geoffrey Yu says he sees a stronger post-Brexit pound. Meghnad Desai, Official Monetary and Financial Institutions Forum chairman, says Donald Trump arrived with the economy in good shape, but with plenty of reserve power to grow. Finally, Bob Sinche, a global strategist at Amherst Pierpont, says markets are reacting to stronger global momentum and responding to reality instead of expectations about what comes next.
Jan 13, 2017
Surveillance: U.S. Bank Stocks May Rise Another 50%, Mayo Says
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Mike Mayo, an analyst at CLSA Ltd., says the stocks will surge as he expects at least 4 percent revenue growth for U.S. banks during the next four years. Prior to that, Stephen King, HSBC's senior economic adviser, discusses the effect Donald Trump will have on the World Economic Forum. Jonathan Loynes, an economist at Capital Economics, says he has factored in a boost to U.S. economy's GDP growth this year due to fiscal stimulus from tax cuts. Finally, Ed Hyman, chairman at Evercore ISI, says if the economy picks up, productivity will pick up as well.
Jan 12, 2017
Surveillance: Trump's Tweet Policy Is Dangerous, Gartman Says
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Dennis Gartman, editor of the Gartman Letter, says central bank powers are being diminished by the modern world. Prior to that, Rob Carnell, ING's chief international economist, says he expects tougher trade policy from Trump than previously thought. Franziska Ohnsorge, the World Bank's lead economist, says investment growth in emerging markets dropped to 3.4 percent in 2015 from 10 percent in 2010.
Jan 11, 2017
Surveillance: Pound Must Have Upside From Lows, Barth Says
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Marvin Barth, Barclays' head of FX strategy, says currency intervention just doesn't work. Paul Mortimer-Lee, BNP Paribas' chief economist, says higher bond yields reflect good news. Charles Dumas, TSL Research's chief economist, says the Chinese currency won't slide much more. Finally, Brian Wieser, an analyst at Pivotal Research, says the future of Yahoo depends on tax structure.
Jan 10, 2017
Surveillance: Short UK and French Government Bonds, Gallo Says
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Algebris Investments' Alberto Gallo says the FX market may panic again once Britain triggers Article 50. Prior to that, Baroness Helena Kennedy, a Labour Party member of the House of Lords, says British Prime Minister Theresa May will have to try to compromise when it comes to Brexit. Edward Glaeser, an economics professor at Harvard University, says when we start thinking that infrastructure is a solution to all of our problems, we get bridges to nowhere. Finally, Roger Bootle, founder of Capital Economics, says he'd be surprised if U.K. confidence falls back in 2017.
Jan 09, 2017
Surveillance: Trump Resembles Mussolini's Policies, Gross Says
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Janus Capital's Bill Gross says Donald Trump's targeting of companies reminds him of policies associated with Benito Mussolini. Prior to that, Boston Mayor Marty Walsh discusses GE's move to Boston and the city's innovation culture. Then, Alicia Munnell, the director of retirement research at Boston College, discusses the state of retirement today. Finally, Jim Glassman, JPMorgan's senior economist, says hope of tax reform is bringing back enthusiasm in equity markets.
Jan 06, 2017
Surveillance: Risk That Fed Could Go Faster, Kiesel Says
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PIMCO's Mark Kiesel says the main risk to the U.S. is a pickup in inflation. Prior to that, Jason Trennert, Strategas Research Partners' chairman, says the Fed is content to let inflation run a little hot. Stewart Warther, BNP Paribas' derivatives strategist, says there is less informational advantage in recent years. John Kernan, a consumer research analyst at Cowen & Co., says things are going to get ugly in retail. Finally, Drew Matus, UBS' deputy chief U.S. economist, says he is anticipating an unchanged unemployment rate on jobs day.
Jan 05, 2017
Surveillance: Bremmer, Summers, and The Fate of Pax Americana
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Eurasia Group President Ian Bremmer and Former Treasury Secretary Lawrence Summers join Tom Keene and David Gura on Bloomberg Surveillance to discuss populist policy cycles, the new truculent nationalism, and the future of American leadership.
Jan 04, 2017
Surveillance: Q4 Productivity to be Disappointing, Feroli Says
2749
Michael Feroli, JPMorgan's chief U.S. economist, says trade wars remain the biggest downside risk in the next year or two. Prior to that, Tony Dwyer, Canaccord Genuity's chief market strategist, says the post-Donald Trump rally has brought too much optimism to the market. Then, Evan Medeiros, Eurasia's managing director for Asia, says Asian policymakers and business leaders wonder if Trump will be as committed and involved in Asia as President Obama. Finally, Dartmouth's Danny Blanchflower says the U.S. is \u0010nine million jobs away from full employment.
Jan 04, 2017
Surveillance: Eurasia Group's Top Risks of 2017
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Ian Bremmer, Eurasia Group's president and founder, discusses his top risks for 2017 and says traditional alliances are crumbling. Lawrence Summers, former U.S. treasury secretary, says the risks to the global economy are enormous. Then, Nouriel Roubini, Roubini Global Economics' co-founder and chairman, says there is a huge amount of uncertainty about economic policy, both in the U.S. and in Europe. Also, Dom Barton, McKinsey & Co.'s global managing partner, says it's technology -- not trade -- that's dislocating jobs. Doug Kass, Seabreeze Partners' founder, says Donald Trump is making volatility great again. Finally, Raghuram Rajan, former governor of the Bank of India, says central banks are in the "process of exit."
Jan 03, 2017
Surveillance: The Year Ahead Special with Abby Joseph Cohen
1901
Abby Joseph Cohen of Goldman Sachs joins Tom Keene for a special hour of Bloomberg Surveillance. Their conversation touches on a wide range of topics in economics and finance looking to 2017 including the Trump presidency. Also, a special look back to the challenges she has faced across her storied career.
Jan 02, 2017
Surveillance: Shocks Will Be Political, Not Economic
1783
Luigi Zingales, a professor at the University of Chicago's Booth School of Businesss, discusses what to expect in Donald Trump's first 100 days. Dennis Ross, a distinguished fellow at the Washington Institute, says a one-state solution in the Middle East will not work. Finally, Don Rissmiller, Strategas's chief economist, says it's hard to accelerate employment gains in the second half of a business cycle.
Dec 30, 2016
Surveillance: Companies Must Focus on Growth, Not Tax Inversion
2915
John Silvia, Wells Fargo Securities' chief economist, says fiscal policy structure should the No. 1 priority for Donald Trump. Neil Shearing, chief emerging markets economist at Capital Economics, says the biggest risks to emerging markets next year will be domestic in nature. Finally, John Ryding, a co-founder of RDQ Economics, says we are in a new environment of fiscal stimulus at a time of relatively full employment.
Dec 29, 2016
Surveillance: Fed Is on Hold for First Quarter of 2017
2925
Marc Chandler, Brown Brothers Harriman's head of currency strategy, discusses the Fed and how he expects to see the British sterling head weaker. Tony Crescenzi, a PIMCO portfolio manager, says credit markets are fully priced for a good scenario. Finally, John Nixon, a former CIA analyst, says the politicization of intelligence has done more harm to foreign policy than anything in the last decade.
Dec 28, 2016
Surveillance: Small-Caps and Financials to Outperform in 2017
1950
Michael Holland, chairman and founder of Holland & Co., says markets are pricing in stronger growth and discusses why financials are up going into 2017. Neil Dutta, Renaissance Macro Research's head of U.S. economics, says the tax code needs an overhaul. Finally, Jonathan Golub, RBC Capital Markets' chief U.S. market strategist, says inflation is coming naturally from the unemployment rate being under 5 percent.
Dec 27, 2016
Surveillance: Lipsky on the Oddity of Lagarde's Conviction
3029
John Lipsky, former IMF first deputy managing director, discusses managing director Christine Lagarde's negligence conviction. Howard Davidowitz, Davidowitz & Associates' chairman, talks to Tom Keene and David Gura about the state of retail during the holiday season. International Rescue Committee's CEO, David Miliband, says refugees are a symptom of political failure. Finally, Deustche Bank's Rocky Fishman says there won't be a single moment that defines what the euro zone looks like a year or two from now.
Dec 23, 2016
Surveillance: Forecasts Have to Be Nimble With Trump's Unknowns
3013
Ellen Zentner, Morgan Stanley's chief U.S. economist, says many politicians are focusing on the positives of Donald Trump's tax policies and not on the negatives of his unknown trade policies. Prior to that, Strategas's Chris Verrone says the market rally after the presidential election is actually not that extraordinary. Diane Swonk, founder of DS Economics, says she's cautious about fourth quarter GDP growth. George Friedman, founder of Geopolitical Futures, says the first flashpoint that Trump will have to deal with is the Middle East. Finally, Ron Bonjean, a Republican strategist, says Trump captured lightning in a bottle with populism.
Dec 22, 2016
Surveillance: Change in China Strategy Is Worrisome, Roach Says
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Stephen Roach, a senior fellow at Yale University, talks to Tom Keene and David Gura about the shift in the U.S. relationship with China. Prior to that, Bloomberg's Lionel Laurent discusses European banking. Then, Steve Auth, CIO of Federated Investors Equities, says the economy doesn't go anywhere without confidence. Also, Princeton University's Alan Krueger discusses the evolution of terrorism in the 10 years since he published "What Makes A Terrorist?" Finally, Deutsche Bank's Sebastien Galy discusses the future for emerging markets under a Donald Trump presidency.
Dec 21, 2016
Surveillance: We Can't Deal With China on Twitter, Hormats Says
2315
Bob Hormats, Kissinger Associates' vice-chairman, discusses Donald Trump's foreign policy with China. Prior to that, Tom Keene and David Gura talk to PIMCO's Jim Moore about retirement. Also, John Vail, Nikko Asset Management's chief global strategist, says Japan's economic landscape has been looking good since Trump's election. Finally, Michael Darda, MKM Holdings' chief economist, talks about the velocity of money and growth potential of the U.S. economy.
Dec 20, 2016
Surveillance: Quinlan Discusses The Economics of Global Obesity
2715
Joe Quinlan, the chief market strategist for U.S. Trust, gives an outlook for 2017 and discusses rising global obesity. Then, Chris Grisanti, CEO of Grisanti Capital Management, says banks are attractive because as rates rise, they can finally earn money in the lending game. Also, John Allison, former CEO of BB&T, says he thinks Mike Pence can influence Donald Trump into becoming a libertarian. Finally, Bloomberg's Greg Viscusi discusses the news that IMF Chief Christine Lagarde was found guilty of negligence.
Dec 19, 2016
Surveillance: Too Much Talk Can Lower Transparency, Taylor Says
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John Taylor, an economics professor at Stanford University, says the advantage of a monetary strategy or rule is that you don't have to keep talking about it. Prior to that, Peter Tague, Citigroup's co-head of global M&A, says the Chinese have been more aggressive on deal-making on a cross-border basis, driven by a desire to access technology. Then, BlackRock's Jeffrey Rosenberg says correlations on debt versus equity have displayed less certainty and less reliability than we've come to expect.
Dec 16, 2016
Surveillance: BOE May Need to Ease Again in 2017, Maher Says
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Daragh Maher, HSBC's head of FX strategy, says the euro decline will push markets to think about parity. Then, Admiral James Stavridis, dean of Tufts' Fletcher School, says Rex Tillerson meets the standards of Secretary of State quite well. Finally, Deutsche Bank's Alan Ruskin says sterling has not fully priced in Brexit and if there's a meaningful downturn next year, sterling will weaken.
Dec 15, 2016
Surveillance: Rate Rise Is a Golden Moment for Banks, Mayo Says
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Mike Mayo, a banking analyst at CLSA Americas, says U.S. banks are very strong. Prior to that, Jean-Claude Trichet, former ECB president, discusses the role shadow banking played in the financial crisis. Then, Peter Hooper, Deutsche Bank's chief economist, says the Fed has to catch up with the market. Finally, Doug Kass, Seabreeze Partners' president and founder, says investors seeing sunny days ahead may be disappointed.
Dec 14, 2016
Surveillance: Eichengreen on Globalization's New Normal
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Barry Eichengreen, a professor at UC Berkeley, says faster growth heals a lot of wounds economically and politically. Prior to that, Gideon Rose, editor of Foreign Affairs Magazine, says Donald Trump picking Rex Tillerson for Secretary of State suggests a change in relations with Russia. Then, David Herro, Harris Associates' CIO, says BNP Paribas, Credit Suisse and Lloyds are attractively priced. Finally, Charles Plosser, former president of the Philadelphia Federal Reserve Bank, says productivity is the big concern.
Dec 13, 2016
Surveillance: Euro Bank Accounting Doesn't Provide Confidence
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Gary Shilling, president and founder of A. Gary Shilling, and Kroll Bond Rating Agency's Chris Whalen, discuss their outlook for the European banking industry. Then, Oppenheimer's Fadel Gheit discusses oil, the OPEC meeting and Donald Trump's possible pick for Secretary of State, Rex Tillerson. Finally, Harm Bandholz, Unicredit's chief U.S. economist, says the Fed will keep the dot forecasts flat.
Dec 12, 2016
Surveillance: We're Entering Deglobalization Era, Sharma Says
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Ruchir Sharma, Morgan Stanley's chief global strategist, says we're seeing a different deglobalization with Donald Trump than we saw in the 1930s and the trend is accelerating. Prior to that, Shannon O'Neil, Council on Foreign Relations' Latin America senior fellow, says the biggest challenge in Latin America is populism; the undermining of political institutions and checks and balances that make democracy work. Also, Steve Wieting, Citi Private Bank's global chief strategist, says Trump's tax cuts and substantial fiscal stimulus will lead to faster nominal growth.
Dec 09, 2016
Surveillance: Fed Dot Plot Is Not a Good Idea, Orphanides Says
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Athanasios Orphanides, a professor at MIT and a former ECB official, discusses the merits of the Federal Reserve's dot plot and central bank transparency. Then, Abby Joseph Cohen, president of Goldman Sachs Global Markets Institute, says the market is shifting into more cyclical aspects of the stock market. Also, Michael Lewis discusses his new book, "The Undoing Project," which traces a "bromance" between Israeli psychologists Daniel Kahneman and the late Amos Tversky, whose work sparked the rise of behavioral economics and led to shifts in sports, medicine and government. Finally, Southwest Airlines CEO Gary Kelly says he's hopeful that regulation will abate with Donald Trump.
Dec 08, 2016
Surveillance: Trump Could Boost Europe, Haass Says
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Richard Haass, president of the Council on Foreign Relations, and Michael Spence, a professor at NYU, weigh in on European and American politics, saying the euro zone remains flawed and globalization is moving faster than politics. Then, Gerard Cassidy, RBC's managing director of equity research, says Bank of America is the best too-big-to-fail buy and has had a great turnaround. Finally, Utah Senator Mike Lee says there are some potential anti-competitive concerns with the AT&T/Time Warner deal.
Dec 07, 2016
Surveillance: OPEC Is Doomed, Gartman Says
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Dennis Gartman, editor of the Gartman Letter, says the price of crude oil will fall to zero in 30 years. Then, Kate Moore, BlackRock's chief equity strategist, says she's most focused on monetary policy from the ECB and how it moves markets. Finally, Mario Gabelli, founder of Gabelli Funds, says Donald Trump's notion of lower taxes, less regulation and reestablishment of entrepreneurial innovation isn't bad for any entrepreneur.
Dec 06, 2016
Surveillance: Europe, as a Construct, Is Failing, Bremmer Says
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BMO's Brian Belski and Eurasia Group's Ian Bremmer discuss the future of Europe after the Italian referendum. Then, former IMF Chief Economist Olivier Blanchard says China's power within the global supply chain could easily cripple the U.S. Also, Luigi Zingales, a professor at University of Chicago's Booth School, says it's the dawn of Donald Trump's crony capitalist world. Finally, Carl Weinberg, the founder of High Frequency Economics, discusses Italy's economic future.
Dec 05, 2016
Surveillance: Gross Says He Can't Live With the Taylor Rule
2235
Tom Keene and David Gura talk to Janus Capital's Bill Gross about the job report and the Fed. Prior to that, Carl Weinberg, High Frequency Economics' chief economist, says Italian banks are in trouble, no matter the outcome of the Italian referendum. Finally, Ira Jersey, a fixed-income strategist at OppenheimerFunds, says we'll see an uptick in yields for a few years and his colleague, Brian Levitt, says markets are starting to price in optimism.
Dec 02, 2016
Surveillance: Modi's Cash Move Is Radical, Rogoff Says
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Former IMF Chief Economist Kenneth Rogoff says India's currency crisis is exacerbated by policy implementation issues. Then, Daniel Yergin, the vice chairman of IHS, says the OPEC production deal will work. Also, Harvard's Nicholas Burns says President-elect Donald Trump should align himself with German Chancellor Angela Merkel. Finally, chess grandmaster Fabiano Caruana says Magnus Carlsen's opponents can never recover, once the current world chess champion gets even a tiny advantage over them.
Dec 01, 2016
Surveillance: Italy's Possible Eurozone Exit
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Ian Shepherdson, Pantheon Macroeconomics' chief economist, says Italy leaving the Eurozone would be an "end of the world event," while TS Lombard Research's chief economist, Shweta Singh, says things won't dramatically change after the Italian referendum. Then, Stephen Schork, editor of the Schork Report, says the OPEC deal is great news for U.S. producers. Finally, Anthony Scaramucci, co-managing partner of SkyBridge Capital and an adviser to Donald Trump, says Trump will use trade tariffs as a last resort.
Nov 30, 2016
Surveillance: Trumponomics Not Unlike Mussolini, Posen Says
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Tom Keene and David Gura talk to Adam Posen, the president of the Peterson Institute for International Economics, about what we know about Donald Trump's economic plan. Then, Bob Greifeld, Nasdaq's CEO, says 2017 will be a year of increased IPOs. Also, George Bory, the head of credit strategy at Wells Fargo, says companies may see a powerful trickle-down from Trump's economic plan. Finally, Mortimer Singer, the CEO of Marvin Traub Associates, says he's never seen anything like the way midtown Manhattan retail has been negatively affected by the security around Trump Tower.
Nov 29, 2016
Surveillance: Fidel Castro's Death Doesn't Mean Radical Change
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David Gura and Francine Lacqua, filling in for Tom Keene, discuss Fidel Castro's legacy and what his death means for the future of Cuba with Julia Sweig, a professor at University of Texas at Austin and the author of "Cuba: What Everyone Needs to Know." Prior to that, Sheila Bair, the president of Washington College and former chairman of the FDIC, says the populist backlash to the economic crisis helped Donald Trump win the election. Then, Gideon Rose, the editor of Foreign Affairs Magazine, says it's unlikely Trump will live up to his campaign rhetoric. Finally, Bill Lee, Citi Research's head of North American economics, says Trump won't be able to reflate the economy until 2018.
Nov 28, 2016
Surveillance: Black Friday's Massive Move to Online
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Howard Davidowitz, Davidowitz & Associates' chairman, says we will see more brick and mortar stores close as online sales grow. Then, Jerry Storch, CEO of Hudson's Bay, says that while 85 to 90 percent of sales are taking place in a brick and mortar store, more of the growth is taking place online. Finally, Don Rissmiller, Strategas Research Partners' chief economist, says the biggest thing he's worried about is rising tensions with China over trade.
Nov 25, 2016
Surveillance: Anti-Trade Seems Unlikely For Trump, Hubbard Says
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Glenn Hubbard, the dean of Columbia Business School, says he is optimistic about the policy agenda that President-elect Donald Trump has set out. Prior to that, Howard Ward, Gabelli Funds' CIO for growth, says Amazon will have an outstanding holiday season. Finally, Harm Bandholz, UniCredit's chief U.S. economist, discusses what could happen to the U.S. economy under Trump.
Nov 23, 2016
Surveillance: The Pros and Cons of A "Rules-Based" Fed
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Komal Sri-Kumar, the president of Sri-Kumar Global Strategies, and Kim Schoenholtz, a professor at NYU's Stern School of Business, discuss the possibility of a "rules-based" Federal Reserve. Prior to that, Alberto Gallo, Algebris Investments' head of macro strategies, says the U.S. and U.K. populism wave is emerging in Europe. Finally, Jim Paulsen, a Wells Capital Management strategist, says dollar strength is peaking and will come down over the next couple of years.
Nov 22, 2016
Surveillance: America's Debt Will Get Larger, Diane Swonk Says
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Diane Swonk, founder of DS Economics, says not being able to have a grown up conversation about long-term fiscal sustainability is a real issue. Prior to that, Martin Feldstein, the National Bureau of Economic Research's president emeritus, says exceptionally high asset prices are a risk to the economy. Then, Pablo Goldberg, a BlackRock portfolio manager, says it's crucial to hedge against dollar moves. Finally, Daragh Maher, HSBC's head of FX strategy, says he's still bearish on sterling.
Nov 21, 2016
Surveillance: Trump Could Restore Productivity, Bullard Says
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St. Louis Fed President James Bullard says Donald Trump's policies may improve U.S. productivity. Prior to that, UBS' Geoffrey Yu says the Turkish Lira is among the most vulnerable to changes in exchange rates. Then, Michael Feroli, JPMorgan's chief U.S. economist, says Trump's fiscal policy has several layers of uncertainty. Finally, Joachim Fels, PIMCO's global economic adviser, says populism means the EU may break up in the next crisis.
Nov 18, 2016
Surveillance: Too-Big-To-Fail May Be Reviewed, Kashkari Says
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Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, says that politics never comes up in Fed meetings. Prior to that, Ian Shepherdson, Pantheon Macroeconomics' chief economist, says fiscal stimulus is the wrong thing at the wrong time. Then, Ajay Rajadhyaksha, Barclays' head of macro research, says under a Donald Trump economy, economic drag from trade barriers should be more than offset by economic stimulus. Finally, Sam Stovall, S&P's head of U.S. equity strategy, says returns average 15 percent in years of a GOP government.
Nov 17, 2016
Surveillance: Protectionism Will Make Us Poor, Salmond Says
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Alex Salmond, the former First Minister of Scotland, and Holger Schmieding, Berenberg's chief economist, discuss the election of Donald Trump, Brexit and the rise of protectionism. Then, Joseph Nye, a professor at the Harvard Kennedy School, says that Trump can't let Vladimir Putin off the hook. Also, Jim O'Neill, the former U.K. Treasury Minister, discusses how the United Kingdom fits into Trump's foreign policy. Then, Charles Wyplosz, a professor of economics at the Graduate Institute of International and Development Studies, says that Trump's victory is making him rethink Marine Le Pen's chances in the French election. Finally, Dane Davis, an analyst at Barclays Commodities, says Trump is making metals great again.
Nov 16, 2016
Surveillance: Don't Reject Trumponomics, Skidelsky Says
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Tom Keene and David Gura talk to Robert Skidelsky, a historian & House of Lords member, about Donald Trump's economic plan, which Skidelsky says is broadly a fiscal stimulus package. Then, Luigi Zingales, a professor at the University of Chicago Booth School of Business, says Trump's inexperience means he will depend heavily on his advisers. Also, former Minneapolis Fed President Gary Stern says the Fed will be cautious about placing any bets until they understand what fiscal policies will actually be implemented. Finally, former ECB President Jean-Claude Trichet says Trump's victory and Brexit are signs of people's anxiety.
Nov 15, 2016
Surveillance: Italy Needs IMF Assistance, DB Economist Says
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David Folkerts-Landau, Deutsche Bank's chief economist, says Italy is better outside the Eurozone if the country refuses to reform. Then, Tom Keene and David Gura talk to Frank Newport, Gallup Poll's editor-in-chief, about the difficulties found in state-by-state polling. Also, Charles Dumas, TS Lombard's chief economist, discusses the future of the Federal Reserve under a Donald Trump presidency and says inflation will be up to 2 percent next year and 3 percent the following year. Finally, Julian Jessop, Capital Economics' chief global economist, says that rising bond bond yields represent the long-awaited normalization of interest rates.
Nov 14, 2016
Surveillance: Trump Is a Populist, Not Fascist, Ferguson Says
2735
Tom Keene and David Gura talk to Niall Ferguson, a senior fellow at Stanford's Hoover Institution, about the role of populism in Donald Trump's election. Then, Willem Buiter, the chief economist at Citi, discusses what the role of the Fed could be under President Trump. Then, Robert Sinche, a global strategist at Amherst Pierpont, says he's still looking for an overshoot in the Mexican peso. Also, Rich Greenfield, an analyst at BTIG, says ESPN's struggling to expand because viewers have an infinite number of other options to watch. Finally, Bret Baier, host of "Special Report" on Fox News, says the Republican party has no excuses to not get anything done.
Nov 11, 2016
Surveillance: Trump to Be Reaganomics on Steroids, Rattner Says
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Steve Rattner, Willett Advisors' chairman, says Donald Trump's policies can transform the U.S. economy. Prior to that, John Burns of John Burns Real Estate Consulting, says the housing market is recovering and new home buyers are slowly entering the market. And Harris Associates' David Herro says that Trump was able to convince Americans that he understands them. Narayana Kocherlakota, a Bloomberg View contributor and former president of the Federal Reserve Bank of Minneapolis, says the central bank has tools to dampen inflationary risk. Finally, Rhode Island Governor Gina Raimondo says the federal government needs to step up with infrastructure spending because states can't afford to bear the entire burden.
Nov 10, 2016
Surveillance: The Improbable Becomes Reality
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On an extended episode of Bloomberg Surveillance, Tom Keene and David Gura discuss the election of Donald Trump. Mohamed El-Erian, Bloomberg View columnist and chief economic adviser at Allianz SE, says Trump's victory shows how quickly the improbable can become reality. Bob Hormats, Kissinger Associates' vice chairman, says if President-elect Donald Trump is wise, he will reach out to Hillary Clinton to repair the fractured country. Then, Tom Barrack, the founder of Colony Capital, says the cadence of Donald Trump as President will be much difference than the cadence of Donald Trump as candidate. Tim Pawlenty, CEO of the Financial Services Roundtable and former Governor of Minnesota, says a Trump presidency could benefit banks. Also, Ian Bremmer, president of Eurasia Group, says we will see an incredible amount of international hedging away from America. Finally, David Malpass, founder of Encima Global, says the GOP-led House and Senate will be critical for Trump's policy implementation.
Nov 09, 2016
Surveillance: Election Day Special
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On election day 2016, Tom Keene and David Gura talk to Yale professor Stephen Roach, who says the decency of the American people will prevail when choosing the next president. Then they speak with Greg Valliere, Horizon Investments' chief global strategist, who says the GOP may split into two major parties after the U.S. election. Also, Harris Associates' David Herro says a Clinton presidency and a GOP congress is the best market outcome. Finally, Dennis Gartman, editor of the Gartman Letter, says he's a big fan of gridlock -- and that a Clinton presidency with a Republican House and Senate is the best of all worlds.
Nov 08, 2016
Surveillance: The Fed Heeds Markets 105%, Greenspan Says
2587
Tom Keene and David Gura talk to former the Federal Reserve Chairman Alan Greenspan, who says that Fed forecasts are no better than those of a good economist. Prior to that, RBC Capital Markets' Jonathan Golub says fiscal policy attempts to move something that is unmovable while Carl Weinberg, High Frequency Economics' chief economist, says the Fed is tightening in December no matter who wins the election. Then, James Stavridis, dean of The Fletcher School at Tufts University, says if Hillary Clinton wins, she will unlikely be different from President Obama. Finally, Dan Clifton, Strategas Research Partners' head of policy research, says Hillary Clinton has suggested she's going to try to be bipartisan early on in the administration if she wins.
Nov 07, 2016
Surveillance: Gross Counsels Caution Despite Good Jobs Report
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Bill Gross, a fund manager at Janus Capital Management, says people should be cautious despite a good jobs report because structural changes such as technology are displacing jobs. Prior to that, Ellen Zentner, Morgan Stanley's chief U.S. economist, says the jobs data bar isn't set high for a December Fed rate hike. Alan Krueger, a Princeton University professor, says he doesn't put a lot of weight on today's job report ahead of the Fed's decision next month.
Nov 04, 2016
Surveillance: U.K. Court Ruling Suggests Brexit Will Help Pound
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Stephanie Flanders, chief market strategist at JPMorgan Asset Management, says pound strength after the UK vote was significant, but whether it lasts is a big question mark. Charles Dumas, chief economist at TSL Research, says the BOE may exceed their inflation target by the end of 2016. Danny Blanchflower, a former BOE policymaker & Dartmouth professor, says the U.K. court ruling forces the government to make a more clear position on their bargaining position to leave the European Union. Jack Bogle, founder of Vanguard, says free trade uncertainty is a big negative.
Nov 03, 2016
Surveillance: Local Media Is Wasting Away, Ken Doctor Says
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Willem Buiter, chief economist at Citigroup, says the Fed is excessively sensitive to what it thinks the markets might do and how markets react. Jim Grant, editor of Grant's Interest Rate Observer, says Janet Yellen and central banks ought to be nearly invisible. Ken Doctor, author and columnist of Newsonomics, says we have half the number of journalists in local newsrooms than we had in 1990. Anne-Marie Slaughter, New America CEO & Princeton professor, says part of the problem of globalization is that it has left so many people who aren't part of a global network behind.
Nov 02, 2016
Surveillance: The Election Isn't Going to Be Stolen, Winik Says
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Michael Darda, chief economist at MKM Holdings, says the Fed desperately wants to move short rates up and is likely to do so in December. John Glass, an analyst at Morgan Stanley, says Shake Shack is unique within the market because of its fantastic brand and high volume of sales. Jay Winik, a historian commissioned by the Council on Foreign Relations, says the election isn't rigged, but we may be facing warning signs that we need to make our voting system more secure.
Nov 01, 2016
Surveillance: Americans Should Be Depressed, Rattner Says
3029
Steve Rattner, Willett Advisors chairman, says that a divided government, an ongoing email investigation and a low approval rating should make Americans depressed about a possible Clinton presidency. Peter Hooper, chief economist at Deutsche Bank Securities, says the euro economy hasn't taken any significant hit from Brexit so far. Steve Wieting, global chief strategist at Citi Private Bank, says central banks are on a reasonable course heading into 2017. Doug Kass, president of Seabreeze Partners, says Disney has its own problems, including falling earnings estimates, and isn't a likely bidder for Twitter.
Oct 31, 2016
Surveillance: Investors Are Still Skittish, Nuveen's Doll Says
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Bob Doll, chief equity strategist at Nuveen Asset Management, says rates are in a long-term bottoming process. Gene Munster, an analyst at Piper Jaffray, says Google has a lot to be excited about and has kept revenue growth going. Sara Senatore, a senior analyst at Sanford C. Bernstein, says the Chipotle brand is still very good. Robert Peck, senior director of internet research at SunTrust Robinson Humphrey, says big tech companies are continuing to grow and it shows the power and scale of companies like Google and Amazon.
Oct 28, 2016
Surveillance: Twitter Is Improving, Sena Says
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Bloomberg Intelligence's Paul Sweeney weighs in on Twitter cutting nine percent of its workforce. Seth Masters, chief investment officer at Bernstein Global Wealth Management, says bond investors should shorten duration as long-duration debt faces price risk with rising interest rates. Ira Jersey, senior portfolio manager at OppenheimerFunds, says he is overweight on emerging markets and bullish on Brazil. Ken Sena, managing director at Evercore ISI, comments on Twitter's earnings and the AT&T and Time Warner merger.
Oct 27, 2016
Surveillance: U.S. to Consider Negative Rates Within 10 Years
2231
Dominic Konstam, global head of rates research at Deutsche Bank, says the U.S. will have to consider negative rates on a five- to 10-year view. Walter Piecyk, a BTIG tech analyst, says Apple needs to focus on getting iPhone volumes up to gain Samsung customers who don't have a product. David Kostin, chief strategist at Goldman Sachs, says top-line revenue growth is likely to grow four to five percent. Jonathan Miller, president of Miller Samuel, says there is slack in the suburban markets and it may take another year for it to tighten like it has in the city.
Oct 26, 2016
Surveillance: Politics is Driving the Economy, El-Erian Says
2631
Kate Moore, chief equity strategist at BlackRock, says nimble and different companies are capturing growth. Mohamed El-Erian, chief economic adviser at Allianz, says a low-growth economy is giving rise to the politics of anger. Michael Chertoff, chairman of the Chertoff Group, says Yahoo's failure to disclose the hacking of 500 million accounts will have an impact on the merger with Verizon. John Engler, Business Roundtable president and a former three-term governor of Michigan, says we need to retrain people who have lost jobs to fit with our new economy.
Oct 25, 2016
Surveillance: Merger Monday Special on AT&T and Time Warner
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Three experts on media and telecom weigh in on the AT&T and Time Warner merger. Scott Galloway, a professor of marketing at New York University, says we are at peak advertising and people will pay to opt out of advertising. Craig Moffett, a partner and senior research analyst at MoffettNathanson, says an AT&T and Time Warner deal won't result in cost savings. Rich Greenfield and Walter Piecyk, analysts at BTIG, say we are moving away from watching linear television and moving to an on-demand world with no commercials. Plus, Oliver Hart, a professor of economics at Harvard University and this year's Nobel Prize winner in economics, says he would ask about the efficiency gains of AT&T and Time Warner.
Oct 24, 2016
Surveillance: Many Potential Buyers for Time Warner, BTIG Says
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Richard Greenfield, an analyst of media and technology at BTIG, says HBO and Warner Bros. are the crown jewels of Time Warner and expects Viacom and CBS to merge. Brian Wieser, a senior research analyst at Pivotal Research Group, weighs in on the potential AT&T and Time Warner merger and the evolution of digital media. Nick Heymann, an analyst at William Blair, says project financing will be a big deal for GE. Sara Senatore, a research analyst at Sanford Bernstein, says McDonald's Corp. should be able to grow in this industry, but not very fast.
Oct 21, 2016
Surveillance: U.S. Earnings to Rise 5% in 2017, Adams Says
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Gina Martin Adams, an equity strategist at Wells Fargo says stock valuations for consumer staples are the most dangerous. Carsten Brzeski, the chief economist at ING, says the ECB will extend QE until the end of 2017. Ben Emons, the chief economist at Intellectus Partners, says the European economy is slowly recovering and discusses QE after the ECB rate decision. Jeromin Zettelmeyer, a senior fellow at the Peterson Institute for International Economics, says the ECB can continue with its QE program without technical or political constraints.
Oct 20, 2016
Surveillance: Economic Decisions Pulling us Apart, Krueger Says
2636
Alan Ruskin, co-head of FX research at Deutsche Bank, says the pound could go into free fall. Sebastian Mallaby, senior fellow for international economics at the Council on Foreign Relations, discusses his new book on Alan Greenspan and says Greenspan called the Fed a historic disaster. Alan Krueger, professor of economics at Princeton University and an economic adviser to Hillary Clinton, speaks about her economics plans and keeping the election focused on the economy.
Oct 19, 2016
Surveillance: Apple's Future Should Be in Content, Ward Says
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John Strickland, JLS director and analyst, says Ryanair is healthy despite pressure from the pound. Howard Ward, chief investment officer of growth equities at GAMCO Investors, says he would like to see Apple go after Time Warner. Ann Duignan, an analyst at JPMorgan, says Caterpillar has a strong board after the C-suite shakeup.
Oct 18, 2016
Surveillance: Foreign Investors Willing to Take Duration Risk
2374
Brad Hintz, professor of finance at New York University, said London will remain the financial center post-Brexit. Lindsey Piegza, chief economist at Stifel Nicolaus, said there is no sense of immediacy to raise rates at this point. Matthew Mish, credit strategist at UBS, said foreign clients are increasingly looking at the U.S. high-grade, longer-duration credit markets.
Oct 17, 2016
Surveillance: Beginning to See Slowdown in Banking, Hintz Says
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Brad Hintz, adjunct professor of finance at New York University, says this was a good summer for fixed income for the banks. Dan Yergin, vice chairman of IHS, says the U.S. needs higher economic growth and more entrepreneurial energy. James Stavridis, dean of The Fletcher School of Tufts University, says he expects positive growth numbers in Greece next year. Erik Oja, banking analyst at CFRA Research, says this quarter's bank earnings are similar to last quarter, with the four major banks all beating on top-line and bottom-line expectations.
Oct 14, 2016
Surveillance: Slowing Innovation Hit Productivity, Phelps Says
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Edmund Phelps, winner of the 2006 Nobel Memorial Prize in Economic Sciences, says innovation is making workers more effective, but what they are producing is less valuable and that's why wages are falling. Alessio de Longis, portfolio manager at OppenheimerFunds, says he expects a modest bounce in emerging market growth. Stan Collender, executive vice president of Qorvis MSLGROUP, says the uncertainty coming out of Washington means there will be more talk of a government shutdown.
Oct 13, 2016
Surveillance: Stephen Stanley on the Part Time-ization of US
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Stephen Stanley, chief economist of Amherst Pierpont Securities, says 2016 inflation is very close to 2 percent. Craig Moffett, partner and senior research analyst at MoffettNathanson, says cable is best positioned for the next generation of wireless. Axel Merk, chief investment officer of Merk Investments, says the Fed wants to be behind the curve.
Oct 12, 2016
Surveillance: Workplace Is Changing Dramatically, Nobelist Says
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Dennis Gartman, editor of the Gartman Letter, says he's not yet confident of a gold rebound. Steve Rattner, chairman of Willet Advisors, says the equity markets are fully valued and that he's reducing exposure to U.S. equities. Scott Clemons, chief investment strategist at Brown Brothers Harriman, says rising interest rates will be a tailwind for the equity markets because the Fed is confident about economic stability. Bengt Holmstrom, the 2016 Nobel Prize winner in economics, says narrow financial incentives can be damaging.
Oct 11, 2016
Surveillance: Fed Moving Closer to Normalization, Sinche Says
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Robert Sinche, global strategist at Amherst Pierpont Securities, says the long-term yield downturn is a global phenomenon. Greg Valliere, chief global strategist at Horizon Investments, says Hillary Clinton's policies aren't pro-growth. James Steel, chief commodities analyst at HSBC Securities, says the biggest driver of gold is Fed policy. Takatoshi Ito, a professor at Columbia University's School of International and Public Affairs, discusses the BOJ's independence.
Oct 10, 2016
Admati: Deutsche Bank Has Made Itself More Systemic
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Anat Admati, professor of finance and economics at Stanford Graduate School of Business, says capital levels for European banks are meaningless with accounting tricks.
Oct 07, 2016
Surveillance: Gross Says Job Report Won't Bar Fed Rate Increase
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Alan Krueger, a professor of economics at Princeton University, says the U.S. economy is seeing encouraging signs of wage growth. Peter Fisher, a senior fellow at Dartmouth's Tuck School of Business, says the Fed has been targeting low-level volatility like it's a third mandate and that's a mistake. Bill Gross, a fund manager at Janus Capital Management, says he sees a stronger dollar in the longer term.
Oct 07, 2016
Surveillance: Settlement on Deutsche Bank is Best, Lagarde Said
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John Lipsky, a visiting scholar of the Paul H. Nitze School of Advanced International Studies and a former special adviser to the IMF, says the IMF is less concerned about China in the short term. Mohamed El-Erian, chief economic adviser of Allianz, says the market dodged a Lehman moment on Deutsche Bank. London School of Economics professor Nicholas Stern says Brexit is calling U.K. growth prospects into question. IMF Managing Director Christine Lagarde urges European banks to examine their business models.
Oct 06, 2016
Surveillance: U.S. Economy Stagnating, Alan Greenspan Says
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Jeff Currie, global head of commodities research at Goldman Sachs, says gold is trading in lock-step against real interest rates. UBS' Geoff Dennis discusses emerging market initiatives that may come out of the IMF meetings this week in Washington, D.C. Alan Greenspan, former chairman of the Federal Reserve, says global trade remains an overall net plus for markets.
Oct 05, 2016
Surveillance: Major Sees Five More Years of Low Bond Yields
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HSBC's Steven Major says we should expect lower yields to last longer. Eurasia Group's Callum Henderson says the weaker sterling is a positive bias for markets. David Herro, partner and chief investment officer at Harris Associates, says Credit Suisse shares are too cheap and expects a consolidation in banking as a result of regulation. Ian Shepherdson, chief economist at Pantheon Macroeconomics, says the sterling is set to drop substantially.
Oct 04, 2016
Surveillance: U.K.'s Idea of Brexit Sovereignty an Illusion
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Marc Chandler, head of currencies at Brown Brothers Harriman, weighs in on the pound's drop and analyzes the Obama dollar rally. James Stavridis, dean of the Fletcher School of Law and Diplomacy at Tufts University and a retired U.S. Navy admiral, discusses the outlook for Germany on Unity Day. Michael Feroli, chief U.S. economist at JPMorgan, says there has been a huge wealth boom but the savings rate is unchanged during the past several years.
Oct 03, 2016
Surveillance: Citi's Buiter Says Global Economy is Stagnating
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Willem Buiter, chief economist at Citigroup, says a hard Brexit is the most likely outcome for the U.K. BlackRock's Jeffrey Rosenberg discusses how low bond yields can go. Dr. Allan Meltzer, professor at the Tepper School of Business, says the Fed is financing the government's deficit.
Sep 30, 2016
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