Bloomberg Surveillance

- David Kelly, Chief Global Strategist at JPMorgan Asset Management
- Tiffany Wilding, Economist at PIMCO
- Waldemar Szlezak, Partner and Global Head: Digital Infrastructure at KKR
- Tom Michaud, CEO at KBW

David Kelly, Chief Global Strategist at JPMorgan Asset Management and Tiffany Wilding, Economist at PIMCO, react to CPI and discuss inflation, the labor market, and the outlook for interest rates. Waldemar Szlezak, Partner and Global Head: Digital Infrastructure at KKR, joins to talk about AI and data center investing. Tom Michaud, CEO at KBW, joins to talk about his business operations, the economic environment, and remembering 9/11.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneySeptember 11th, 2025
Featuring:
1) Constance Hunter, Chief Economist at EIU, Erin McLaughlin, Economist at The Conference Board, and Mike McKee, International Economics & Policy correspondent with Bloomberg News, react to CPI. Expectations that the Fed will resume monetary easing this month have soared in recent weeks, as data increasingly point to a US labor market under strain.
2) Anna Wong, Chief Economist at Bloomberg Economics, brings us into the market open and talks about why the US may be and have been in a recession already. Recently, Anna Wong wrote that downward job revisions highlighted the American economy could currently be experiencing a recession.
3) Sheila Kahyaoglu, Aerospace and Defense Equity Research Analyst at Jeffries, discusses defense and aerospace sectors and opportunities for investment.
4) Heath Terry, Citi Head of Tech and Research, discusses data center and AI investing and becoming the first AI analyst on Wall Street.

See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature a conversation with Michael Chui.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

- Jim Zelter, President at Apollo Global Management
- French Hill, Chairman: House Financial Services Committee and Republican Rep: Arkansas
- Dan Ives, Global Head: Technology at Wedbush Securities
- Seth Carpenter, Chief Global Economist at Morgan Stanley

Jim Zelter, President at Apollo Global Management, discusses the US economic outlook as well as inflation and the labor market. French Hill, Chairman: House Financial Services Committee and Republican Rep: Arkansas, discusses Fed Governor Lisa Cook and Republican economic and political priorities. Dan Ives, Global Head: Technology at Wedbush Securities, joins to discuss big tech and Apple's product reveal where he was on site in Cupertino. Seth Carpenter, Chief Global Economist at Morgan Stanley, reacts to PPI and discusses the outlook for the US economy.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneySeptember 10th, 2025
Featuring:
1) Lindsey Piegza, Chief Economist at Stifel, brings us into PPI and discusses the outlook for inflation and whether she thinks the Fed should hike. It comes as US stocks are set to notch fresh highs after Oracle surged on a blowout outlook and traders bet that inflation reports won’t derail the Federal Reserve from cutting interest rates.
2) Nick Akerman, former assistant special Watergate prosecutor, joins to discuss the ruling on Fed governor Lisa Cook. A judge temporarily blocked President Trump from removing Federal Reserve Governor Lisa Cook, allowing her to remain on the job as she challenges the president’s efforts to oust her over allegations of mortgage fraud.
3) Dan Ives, Global Head: Technology at Wedbush Securities, talks about Apple's product reveal and other big tech news. Apple introduced four new phone models: the iPhone 17, the iPhone Air, the iPhone 17 Pro and the iPhone 17 Pro Max, all including Apple's latest in-house silicon, more advanced cameras and tougher outer glass.
4) Leslie Palti-Guzman, founder at Energy Vista, discusses the energy impact of Israel's surprise attack in Qatar, and the outlook for war and how it will impact oil.

See omnystudio.com/listener for privacy information.

- Ed Yardeni, Chief Investment Strategist at Yardeni Research
- Henrietta Treyz, co-founder at Veda Partners
- Oksana Aronov, Head: Market Strategy at JPMorgan Asset Management
- Walter Piecyk, Partner at Lightshed Partners

Ed Yardeni, Chief Investment Strategist at Yardeni Research, joins to discuss his S&P target and his outlook for equities and US growth. Henrietta Treyz, co-founder at Veda Partners, discusses recent headlines in Washington and the prospects of a government shutdown. Oksana Aronov, Head: Market Strategy at JPMorgan Asset Management, talks about fixed income opportunities and warnings from the bond market about the economy. Walter Piecyk, Partner at Lightshed Partners, joins to preview today's Apple product launch in Cupertino.

See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Nancy Tengler & Craig Brandon.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneySeptember 9th, 2025
Featuring:
1) Ann Miletti, Head of Active Equity at Allspring Global Investments, joins to discuss staying active in the equity market amid policy uncertainty and concentration risk in markets. Investors in the Treasuries market face a test of bullish sentiment this week from inflation reports and a benchmark revisions for jobs data.
2) Nancy Tengler, CEO at CIO at Laffer Tengler Investments, offers her stock picks and talks about how she's allocating amid labor and policy uncertainty. The market's ability to extend this month's rally will depend on the tone of producer and consumer inflation due Wednesday and Thursday. Traders will follow how the market absorbs the auctions of 3-, 10-, and 30-year Treasuries.
3) Colin Hunt, CEO of Allied Irish Bank (AIB), talks about multinational customer activity, staying competitive in Europe and in Ireland amid US tariffs, and Irish infrastructure deficits.
4) Lisa Mateo joins with the latest headlines in newspapers across the US, including Washington Post's report on test scores sliding and the Boston Globe story on the "RushTok" sorority craze

See omnystudio.com/listener for privacy information.

US job growth was far less robust in the year through March than previously reported, adding to mounting pressure on the Federal Reserve to lower interest rates.
The number of workers on payrolls will likely be revised down by a record 911,000, or 0.6%, according to the government’s preliminary benchmark revision out Tuesday. The final figures are due early next year.
Before the report, the government’s payrolls data indicated employers added nearly 1.8 million total jobs in the year through March on a non-seasonally adjusted basis, or an average of 149,000 per month. The revision showed average monthly job growth was roughly half that.

For instant reaction and analysis, Bloomberg's Tom Keene and Scarlet Fu spoke with:

• Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist
• Michael McKee, Bloomberg International Economics and Policy Correspondent
• Stephanie Roth, Wolfe Research chief Economist 

See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature a conversation with Steven Englander.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

- Ellen Zentner, Global Head: Macro Investing Wealth Management at Morgan Stanley
- Jim Bianco, founder at Bianco Research
- Eric Resnick, CEO at KSL Capital Partners
- Tobin Marcus, Head: Policy & Politics at Wolfe Research

Ellen Zentner, Global Head: Macro Investing Wealth Management at Morgan Stanley, joins to discuss her outlook for the labor market and a September rate cut. Jim Bianco, founder at Bianco Research, discusses whether the Fed is behind the curve as the labor market shows continued weakening. Eric Resnick, CEO at KSL Capital Partners, discusses consumer health and the outlook for travel. Tobin Marcus, Head: Policy & Politics at Wolfe Research, talks about the prospects of a government shutdown and President Trump's economic and political priorities.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneySeptember 8th, 2025
Featuring:
1) Steve Englander, Global Head of G10 FX Research and of North America Strategy at Standard Chartered, brings us into the market open and talks about a weak dollar, tomorrow's labor revisions, and his call for a 50bps cut in September. Meanwhile, strategists including David Kostin of Goldman Sachs and Mike Wilson at Morgan Stanley expect further gains in US equities, with Kostin reiterating a year-end target for the S&P 500 of 6,600 points.
2) Mark Geller, Global Head of Bank Debt Capital Markets at Barclays, talks issuance trends for banks, global corporate debt, and the intersection of global corporate debt and ballooning government spending.
3) Henrietta Treyz, co-founder at Veda Partners, joins to talk about tariffs and the prospects of a government shutdown in September.
4) Stephen Carroll, host of Bloomberg's "Daybreak Europe" in London, joins from Paris to discuss the possible collapse of the French government today. Political uncertainty in Japan and France adds to a torrent of US data this week that will help determine the Federal Reserve's policy path, with a September interest-rate cut fully priced in.

See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Rebecca Patterson & Claudia Sahm.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneySeptember 5th, 2025
Featuring:
1) Claudia Sahm, Chief Economist at New Century Advisors, Amy Wu Silverman, Head of Derivatives Strategy at RBC, and Kristina Campmany, Senior Portfolio Manager at Invesco, react to the August jobs report and discuss the outlook for a rate cut. Money markets are fully pricing in a Fed quarter-point cut this month and see at least two by year-end.
2) Ken Rogoff, professor at Harvard University, former IMF Chief economist, and author of "Our Dollar, Your Problem," joins to discuss the US economy and jobs market, as well as his book on the dollar and recent Foreign Affairs article on Washington's spending crisis.
3) Rebecca Patterson, former Chief Investment Strategist at Bridgewater, joins for an extended discussion on jobs, economic data, and Fed independence. It comes as Stephen Miran, President Trump's pick for the Federal Reserve's Board of Governors, pushed back against Democratic concerns that he would do Trump's bidding at the central bank. His nomination has raised questions over Fed independence.
4) Lisa Mateo joins with the latest headlines in newspapers across the US, including a Business Insider story on NFL fans streaming without cable, and Bloomberg's story on pizza-flavored vodka.

See omnystudio.com/listener for privacy information.

- Howard Lutnick, US Commerce Secretary
- Jeffrey Rosenberg, Portfolio Manager: Systematic Multi-Strategy Fund at BlackRock
- Stephanie Roth, Chief Economist at Wolfe Research
- Michael Nathanson, Senior Analyst at Moffettnathanson

Howard Lutnick, US Commerce Secretary, joins to discuss President Trump's economic priorities. Jeffrey Rosenberg, Portfolio Manager: Systematic Multi-Strategy Fund at BlackRock, and Stephanie Roth, Chief Economist at Wolfe Research, react to the August jobs report and discuss the outlook for a rate cut. Michael Nathanson, Senior Analyst at Moffettnathanson, breaks down the White House tech meeting Thursday night.

See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Anna Wong & Constance Hunter.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

- Omar Aguilar, CEO and CIO at Charles Schwab Investment Management
- Subadra Rajappa, Head: US Rates Strategy at Societe Generale
- Monica Guerra, Head: US Policy at Morgan Stanley
- Brooke Roach, Analyst at Goldman Sachs

Omar Aguilar, CEO and CIO at Charles Schwab Investment Management, joins to discuss his outlook for equities amid a weakening labor market and uncertain policy. Subadra Rajappa, Head: US Rates Strategy at Societe Generale, talks about the path for rate cuts should the jobs report for August show further labor weakness. Monica Guerra, Head: US Policy at Morgan Stanley, talks about President Trump's tariff regime and the latest on his economic and political priorities. Brooke Roach, Analyst at Goldman Sachs, talks about consumer and retail health.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneySeptember 4th, 2025
Featuring:
1) Stuart Kaiser, Head: US Equity Trading Strategy at Citi, joins to discuss his S&P target, the broadening of the equity rally, and opportunities in small caps. Wall Street strategists see signs that investors are becoming more concerned about Federal Reserve independence as President Donald Trump seeks to impose his will on the central bank and pushes for interest-rate cuts.
2) Constance Hunter, Chief Economist at EIU, discusses recent eco data and what it portends about the path of rate cuts in 2025, not just September. Positioning in stock, bond and gold markets suggests that investors are preparing for a potential rise in inflation, according to the team at JPMorgan Chase.
3) Monica Guerra, Head of US Policy at Morgan Stanley Wealth Management, joins to discuss President Trump's economic and political priorities. President Trump asked the US Supreme Court to uphold his global tariffs, seeking review in a case that could affect trade and give him broad new leverage over the world economy.
4) Ben McMillan, CIO at IDX Advisors, talks about the record rise in gold and the return of the bond vigilantes. Analysts at Goldman Sachs Group say that growing concerns regarding US institutional credibility are creating significant tail risks that could lead to commodity price spikes, including in gold.

See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Wei Li & Mark Gurman.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

- Nancy Lazar, Chief Global Economist at Piper Sandler
- Mark Cabana, Head: US Rates Strategy at Bank of America
- Libby Cantrill, Head: Public Policy at PIMCO
- Kate McShane, Analyst at Goldman Sachs

Nancy Lazar, Chief Global Economist at Piper Sandler, discusses recent eco data, US labor health, and growth of jobs in the private sector. Mark Cabana, Head: US Rates Strategy at Bank of America, talks about the outlook for interest rates in the US. Libby Cantrill, Head: Public Policy at PIMCO, joins to discuss the latest political headlines in Washington. Kate McShane, Analyst at Goldman Sachs, talks retail and consumer health.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney                                          September 3rd, 2025
Featuring:
1) Julian Emanuel, Chief Equity and Quantitative Strategist at Evercore ISI, joins for a discussion on his note "Twice in a Lifetime" and his 2026 S&P target as he remains bullish on equities. Stocks in the premarket rebounded modestly as traders tracked the selloff in long-dated bonds, fueled by anxiety over inflation and mounting government debt.
2) Wei Li, Global Chief Investment Strategist at BlackRock, talks about the global bond selloff and upward pressure on yields. Treasuries this morning fell, lifting US 30-year borrowing costs to within a whisker of touching 5% for the first time since July, as a global selloff of government bonds deepened. The yield climbed as much as four basis points to 4.999%, mirroring similar moves in the UK and Japan.
3) Johanna Chua, Head of Emerging Market Economics, and Chief Asia Economist at Citi, discusses the global bond selloff and yields rising in Japan, as well as the outlook for Chinese growth. Meanwhile, Chinese President Xi Jinping showcased the nation's growing firepower and diplomatic influence at a military parade alongside international allies, including Russia's Vladimir Putin and North Korea's Kim Jong Un.
4) Libby Cantrill, Head: Public Policy at PIMCO, discusses the possible government shutdown, Stephen Miran Fed nomination and Lisa Cook latest, as well as President Trump's tariff court battle.

See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Ernie Tedeschi & Henrietta Treyz.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

- Phil Orlando, Chief Equity Market Strategist at Federated Hermes
- Leland Miller, CEO at China Beige Book
- Ken Hoexter, Senior Analyst at Bank of America
- Erin McLaughlin, Senior Economist at The Conference Board

Phil Orlando, Chief Equity Market Strategist at Federated Hermes, joins to discuss his outlook for the S&P and US equities amid US growth concerns. Leland Miller, CEO at China Beige Book, talks about the meeting of various world leaders in Beijing and the outlook for the Chinese economy amid US tariffs. Ken Hoexter, Senior Analyst at Bank of America, talks about the impact of the removal of the de minimus tax on shippers. Erin McLaughlin, Senior Economist at The Conference Board, discusses eco data and the outlook for rates and the Fed.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneySeptember 2nd, 2025
Featuring:
1) Lori Calvasina, Head: US Equity Strategy at RBC Capital Markets, discusses her S&P target and whether she remains bullish as summer wraps. Stocks fell alongside bonds in the premarket, driven by concerns over government finances and lingering inflation risks. Gold briefly topped $3,500 an ounce, fueled by mounting bets on rate cuts and unease about the Federal Reserve’s independence.
2) Henrietta Treyz, co-founder at Veda Partners, joins to discuss the court tariff ruling and the latest DC headlines. Afederal appeals court ruled that President Donald Trump exceeded his authority by imposing global tariffs through an emergency law, but let the levies stay in place while the case proceeds.
3) Ernie Tedeschi, Director of Economics at the Yale Budget Lab, joins for a discussion President Trump's tariff regime, how it could make its way to SCOTUS, and the latest on the impact of broad based tariffs.
4) Fatima Boolani, Co-Head of the US Software Equity Research Team at Citi, joins to talk the most important debates across tech and communications through the rest of 2025.

See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Win Thin & Frances Donald.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

- Krishna Guha, Vice Chairman at Evercore ISI
- Heath Terry, Global Head: Tech and Communications Research at Citi
- Dana Telsey, CEO at Telsey Advisory Group
- Ryan Wang, US Economist at HSBC

Krishna Guha, Vice Chairman at Evercore ISI, joins to talk about Fed independence and the US economic outlook. Heath Terry, Global Head: Tech and Communications Research at Citi, discusses covering equities tied to AI and his outlook for the sector and hyper scaler CapEx. Dana Telsey, CEO at Telsey Advisory Group, talks about consumer health and retail ahead of the school season. Ryan Wang, US Economist at HSBC, reacts to PCE.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyAugust 29th, 2025
Featuring:
1) Sarah Wolfe, Senior Economist with Morgan Stanley, Yelena Shulyateva, Senior Economist at The Conference Board, and Michael McKee, International Economics & Policy correspondent for Bloomberg News, react to PCE and discuss the outlook for inflation, labor, and rate cuts in the US. Stocks retreated as traders cut risk before the release of the US inflation data that is testing expectations on how quickly the Federal Reserve can reduce interest rates.
2) Meera Chandan, Co-Head: FX Strategy Team at JPMorgan, joins for an extended discussion on Fed independence, dollar weakness ahead of key economic data points this week and next, and turmoil in France this week.
3) Frances Donald, Chief Economist at RBC, brings us into the market open and talks about labor weakness and inflation and how the US labor market could rapidly deteriorate. It comes as Federal Reserve Governor Christopher Waller called for lower interest rates, saying he would support a reduction in September and anticipates additional cuts over the next three to six months, with the pace driven by incoming data.
4) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ piece on higher prices coming to household staples and a Business Insider piece on Naomi Osaka's big Labubu bling.

See omnystudio.com/listener for privacy information.

- Gita Gopinath, Deputy Managing Director at the IMF
- Stuart Kaiser, Head: US Equity Trading at Citi
- Dan Ives, Global Head: Technology at Wedbush Securities
- Nela Richardson, Chief Economist at ADP

Gita Gopinath, Deputy Managing Director at the IMF, joins to discuss leaving the IMF, her role at the IMF and her outlook for global economies, and ahead of her new role as John Zwaanstra Professor of International Studies and of Economics at Harvard University. Stuart Kaiser, Head: US Equity Trading at Citi, discusses his S&P outlook and talks about how markets are pricing in Nvidia earnings and headline risk. Dan Ives, Global Head: Technology at Wedbush Securities, breaks down Nvidia earnings and talks about the bull case for tech, AI, and Nvidia. Nela Richardson, Chief Economist at ADP, discusses jobless claims and the outlook for the US labor market and US economy.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyAugust 28th, 2025
Featuring:
1) Dan Ives, Global Head: Technology at Wedbush Securities, breaks down Nvidia earnings and offers his outlook for AI. Analysts are staying bullish on Nvidia, boosting price targets after its results, citing the chip giant's longer-term prospects. At least 10 firms hiked their 12-month price targets, raising the average by 3% to $202.60, according to data compiled by Bloomberg. Wall Street remains overwhelmingly bullish on the stock, with 72 buy-equivalent ratings, and only seven analysts have a hold rating and the stock has a sole sell rating.
2) Anastasia Amoroso, Chief Investment Strategist, Private Wealth at Partners Group, joins for an extended discussion on private markets. Stocks shook off an initial drag from Nvidia’s sales outlook missing lofty expectations, indicating that momentum behind the record-breaking rally remains intact.
3) John Mowrey, CIO at NFJ, joins for a discussion finding value in markets beyond Nvidia and the big tech names, and discusses concerns about inflation and the US labor market. Investors will turn their focus to next month’s Federal Reserve interest rate decision and data releases, including initial jobless claims data and revised second-quarter gross domestic product figures due later Thursday.
4) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ story on AI-skilled 20-something's making hundreds of thousands a year and an NYT story on chicken nuggets possibly being wiped from cafeteria menus in NYC public schools.

See omnystudio.com/listener for privacy information.

Featuring:

Eswar Prasad, Cornell University professor on Fed independence 
Kate Kalutkiewicz, Trade Practice Lead, McLarty Associates on Tariffs
Marc Short, Former Chief of Staff to Vice President Mike Pence on the White House

See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Tony Crescenzi and Adam Posen

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyAugust 27th, 2025
Featuring:
1) Adam Posen, President at the Petersen Institute for International Economics

2) Mandeep Singh, Bloomberg Intelligence analyst

3) Amanda Agati, CIO: Asset Management at PNC Bank

4) Tony Crescenzi, Executive Vice President at PIMCO

See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Libby Cantrill & Jeff deGraaf.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

- Lael Brainard, former Fed Vice Chair
- Torsten Slok, Chief Economist at Apollo
- Scott Lincicome, VP: General Economics at Cato Institute
- Bill Dudley, former NY Fed President and Bloomberg Opinion columnist

Lael Brainard, former Fed Vice Chair, joins to discuss the possible ouster of Fed governor Lisa Cook. Torsten Slok, Chief Economist at Apollo, breaks down recent economic data and risks to the US economy, as well as Fed independence in the wake of President Trump moving to fire Fed governor Lisa Cook. Scott Lincicome, VP: General Economics at Cato Institute, discusses the legal fight between Fed governor Lisa Cook and the Trump administration. Bill Dudley, former NY Fed President and Bloomberg Opinion columnist, talks about Fed independence and how possibly losing it could impact markets.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyAugust 26th, 2025
Featuring:
1) Libby Cantrill, Head: Public Policy at PIMCO, joins to talk about Lisa Cook and Fed independence as well as her note on the Trump admin aberration. President Trump moved to oust Federal Reserve Governor Lisa Cook following allegations that she falsified mortgage documents, citing "sufficient cause" to fire her. Forcing out Cook would give Trump an opportunity to secure a four-person majority on the Fed's seven-member Board of Governors, with her term not set to expire until 2038.
2) Cam Harvey, professor at Duke University, joins for an extended discussion on tariffs, rate cuts, and Fed independence. Fed governor Lisa Cook, in challenging President Trump’s removal order, could immediately seek an injunction reinstating her while litigation moves forward. No charges have been filed against her, though a Justice Department official last week signaled possible plans to investigate her.
3) Stephanie Roth, Chief Economist at Wolfe Research, talks about labor market health, rate cut uncertainty, and inflation. European stocks and US equity futures fell due to political turmoil in France and President Trump’s bid to oust Federal Reserve Governor Lisa Cook.
4) Jordan Rochester, Head: FICC Strategy at Mizuho, joins to talk turmoil in France and dollar moves amid President Trump's attempt to fire Lisa Cook. Stocks and bonds were already under pressure after optimism that followed Fed Chair Jerome Powell’s address at Jackson Hole faded on Monday. Doubts about the pace of easing are lingering ahead of an inflation report later this week, expected to highlight sticky price pressures.

See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature a conversation with Ed Yardeni.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

- Liz Thomas, Head: Investment Strategy at SoFi
- Steve Ricchiuto, Chief US Economist at Mizuho
- Robert Tipp, Chief Investment Strategist t PGIM Fixed Income
- Veronica Clark, Director: Citi Research

Liz Thomas, Head: Investment Strategy at SoFi, talks about the outlook for the equity rally with the Fed appearing ready to ease monetary policy. Steve Ricchiuto, Chief US Economist at Mizuho, breaks down Jay Powell's Jackson Hole speech and the path for rate cuts in the US. Robert Tipp, Chief Investment Strategist t PGIM Fixed Income, talks about how the 10-year yield and the bond market could react to Fed easing to end the year, even with concerns about inflation looming. Veronica Clark, Director: Citi Research, talks about her outlook for the US economy and a weakening labor market.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyAugust 22nd, 2025
Featuring:
1) Ed Yardeni, Chief Investment Strategist at Yardeni Research, joins for an extended discussion the equity rally, his S&P target, and Jay Powell's Jackson Hole speech. Policymakers are grappling with inflation above their 2% goal and a labor market showing signs of weakness, with a high degree of uncertainty about how these factors will evolve, according to Chicago Fed President Austan Goolsbee.
2) Henrietta Treyz, co-founder at Veda Partners, joins for an extended discussion about Congressional priorities as leaders soon return to Congress and the outlook for tariff policy heading into the fall. Making matters harder for policymakers is this week's PCE inflation gauge, which is forecast to show the personal consumption expenditures price index rose 2.9% in July from a year ago, the fastest annual pace in five months.
3) Gennadiy Goldberg, Head of US Rates Strategy at TD Securities, joins to discuss the interest rate path post-Jackson Hole. The Federal Reserve's Jackson Hole symposium was a tense affair, with Chair Jerome Powell signaling an interest-rate cut as soon as the next policy meeting in September, despite clear divisions among policymakers.
4) Lisa Mateo joins with the latest headlines in newspapers across the US, including a Business Insider story on a Harvard professor's concern about AI and a WSJ story on saving to support children financially when they reach their 30s.

See omnystudio.com/listener for privacy information.

- Bruce Kasman, Chief Economist at JPMorgan
- Jean Boivin, Head: Investment Institute at BlackRock
- Alex Nowrasteh, VP: Economic & Social Policy Studies at the Cato Institute
- Betsey Stevenson, Professor: Public Policy & Economics at the University of Michigan

Bruce Kasman, Chief Economist at JPMorgan, discusses the outlook for the US economy and inflation. Jean Boivin, Head: Investment Institute at BlackRock, discusses US market and economic risks in 2025 and the outlook for economic growth in the US and abroad. Betsey Stevenson, Professor: Public Policy & Economics at the University of Michigan, previews Jackson Hole and Jay Powell's final Jackson Hole speech as Fed Chair. Alex Nowrasteh, VP: Economic & Social Policy Studies at the Cato Institute, talks about the Trump administration's economic and political priorities.

See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Lisa Abramowicz and Michael McKee discuss remarks from Fed Chair Jay Powell following his speech at the Jackson Hole Symposium on a special edition of Bloomberg Surveillance.
They speak with:

• Jim Bullard, Former St. Louis Fed President
• Kate Moore, Citi Wealth CIO
• Rich Clarida, Former Fed Vice Chair
  
  Federal Reserve Chair Jerome Powell carefully opened the door to an interest-rate cut in September, pointing to rising risks for the labor market even as worries over inflation remain.“The stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance,” Powell said in remarks prepared for the Fed’s annual conference in Jackson Hole, Wyoming on Friday. “Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” 
  Following Powell’s remarks investors boosted bets that the Federal Open Market Committee would cut rates at their Sept. 16-17 meeting.
  
  

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyAugust 21st, 2025
Featuring:
1) Bloomberg Surveillance host Tom Keene joins from Jackson Hole to preview Jay Powell's speech. The Federal Reserve's annual conference began Thursday evening with a dinner for central bankers, economists, and journalists. Chair Jerome Powell will speak Friday at 10 a.m. New York time, and investors will be listening for any hint of what policymakers may do at their September meeting.
2) Kristina Hooper, Chief Market Strategist at Man Group, joins to talk about markets walking on eggshells ahead of Jackson Hole and discusses the long-term outlook for the 10-year yield. US stock futures paused this week’s run of losses ahead of Federal Reserve Chair Jerome Powell’s Jackson Hole address, with markets scaling back bets on imminent rate cuts.
3) Karen Manna, Investment Director at Federated Hermes, talks about ongoing pressure on the Fed and Fed independence as all eyes remain on Jackson Hole. Fed watchers and investors will be listening for any hint of what policymakers may do at their September meeting. The US central bank may be on the cusp of again lowering interest rates, after keeping them on hold this year to gauge how tariffs would impact the economy. Powell could indicate this week if his colleagues are leaning one way or the other. With inflation above the Fed’s 2% target at the same time that hiring is cooling, officials have so far been divided on how soon cuts can come.
4) RaeAnne Mitrione, Partner at Callan Family Office, discusses the market pricing in Fed easing as consumers remain resilient and inflation remains uncertain. Market pricing shows investors expect a rate cut in September, followed by at least one more later this year. President Donald Trump, a frequent critic of the Fed, has demanded that Powell and his colleagues lower rates significantly, with some in the administration calling for an outsize half percentage point cut next month.

See omnystudio.com/listener for privacy information.

- Jeffrey Schmid, President of the Federal Reserve Bank of Kansas City
- Betsy Duke, former Federal Reserve Governor
- Claudio Irigoyen, Head: Global Economics Research at Bank of America
- John Stoltzfus, Chief Investment Strategist at Oppenheimer & Co.

Jeffrey Schmid, President of the Federal Reserve Bank of Kansas City, sits down with Bloomberg's Michael McKee for an extended discussion, covering topics that include Fed independence, the labor market, and the Fed's position on inflation. Betsy Duke, former Federal Reserve Governor, discusses Fed independence and the Trump administration's pressure to oust Fed governor Lisa Cook. Claudio Irigoyen, Head: Global Economics Research at Bank of America, discusses the US economic and market outlook amid uncertainty surrounding labor and inflation. John Stoltzfus, Chief Investment Strategist at Oppenheimer & Co., discusses his outlook for the S&P and 2025 and the bull case for equities.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyAugust 20th, 2025
Featuring:
1) Michael McKee, International Economics & Policy correspondent from Bloomberg News, joins from Jackson Hole. Traders are staying cautious ahead of Fed Chair Jerome Powell’s speech on Friday for guidance on the path for interest rates. Overshadowing Powell's speech is an attempt by the Trump administration to oust Fed governor Lisa Cook as it looks to reshape the FOMC.
2) Wendy Schiller, professor at Brown University, on the latest DC headlines and how President Trump's next priority appears to be reshaping the Fed. President Trump's campaign to oust Federal Reserve Governor Lisa Cook would give him the opportunity to exert more influence over the US central bank by securing a majority on its seven-member board of governors. If Cook were to depart, it would pave the way for four of the seven slots on the Fed's Board of Governors to be filled by Trump appointees.
3) Kara Murphy, CIO at Kestra Investment Management, brings us into the market open and discusses the "Rip van Winkle" Q2 and the outlook for markets and earnings growth. US stock futures pointed to more weakness for tech shares on Thursday after days of selling as investors awaited the Federal Reserve’s gathering at Jackson Hole.
4) Lisa Mateo joins with the latest headlines in newspapers across the US, including a Business Insiders story on older Americans looking for work and a WSJ story on a 9-9-9 rule in baseball.

See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with David Rosenberg & Michael McKee

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

Featuring:

-Howard Marks, Co-Chairman of Oaktree Capital Management
-Eugenio Aleman, Raymond James Chief Economist
-Eric Freedman, US Bank CIO

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyAugust 20th, 2025
Featuring:
1) David Rosenberg, Founder and President Rosenberg Research & Associates, on how the bloom may be off the rose for markets.
2) Monica Guerra, Head: US Policy at Morgan Stanley, looks ahead to Jackson Hole and what we can expect to hear from Fed Chair Jay Powell.
3) Alicia Levine, Head of Investment Strategy and Equities at BNY, on how Trump's tariffs have quieted concerns about the deficit.
4) Lisa Mateo joins with the latest headlines in newspapers across the US...including how makeup is the answer for Louis Vuitton and Chipotle wants to turn dorm rooms into burrito bowls.

See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Terry Haines & Lori Calvasina.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

- Sarah Hunt, Chief Market Strategist at Alpine Saxon Woods
- Retired Lt. Gen. Robert Walsh, Geopolitical Intelligence Group Member at Academy Securities
- Kit Juckes, Chief FX Strategist at Societe Generale
- Priya Misra, Portfolio Manager at JPMorgan Investment Management

Sarah Hunt, Chief Market Strategist at Alpine Saxon Woods, joins to discuss her outlook for US equities and the S&P. Retired Lt. Gen. Robert Walsh, Geopolitical Intelligence Group Member at Academy Securities, breaks down the latest talks between President Trump, Ukrainian President Volodymyr Zelenskiy, and European leaders as a Putin-Zelenskiy summit could take place. Kit Juckes, Chief FX Strategist at Societe Generale, offers his outlook for the dollar and markets. Priya Misra, Portfolio Manager at JPMorgan Investment Management, talks about signals from the bond market.

See omnystudio.com/listener for privacy information.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyAugust 19th, 2025
Featuring:
1) Monica DiCenso, Head of Global Investment Opportunities at JPMorgan, joins to talk about the US equity outlook, geopolitical and tariff risks, and US exceptionalism. Investors are turning their attention to earnings from US consumer giants for clues on the impact of tariffs, according to the text.
2) Jim Caron, CIO of Cross Asset Solutions at Morgan Stanley Investment Management, joins to talk markets blowing past tariffs post-Liberation Day and whether there's too much focus on risk rather than staying invested. Meanwhile, options traders are grabbing insurance to protect themselves from a potential plunge in technology stocks in the coming weeks, according to Bloomberg.
3) Doug Kass, president and founder at Seabreeze Partners, offers his macro, tech, and AI outlooks. Money markets are currently betting the Fed will deliver its first rate cut for the year in September, as labor-market weakness outweighs inflation risks, with another move expected before year-end.
4) Kristen Bitterly, Head: Wealth At Work at Citi Global Markets, talks asset allocation for long term investors and concern from clients amid a variety of market risks.

See omnystudio.com/listener for privacy information.

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature a conversation with Angela Stent.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.