Bloomberg Surveillance

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.

See omnystudio.com/listener for privacy information.

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 & 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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.)

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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."

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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."

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.)

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

Byron Carlock of PWC joins Tom Keene and David Gura on Bloomberg Surveillance to discuss the precarious future of America’s shopping malls.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.