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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyJune 17th, 2025
Featuring:
1) Bob Hormats, Vice Chairman of Kissinger Associates, talks about the history of the G7 and the significance of President Trump leaving early today to deal with the conflict in the Middle East. President Trump left the G7 meeting in Canada early to deal with the Israel-Iran conflict, but downplayed the chances of a ceasefire. Despite Trump's comments, top US officials said the president remains hopeful a peace deal can be achieved between Israel and Iran, with Trump's top Middle East envoy possibly meeting with Iranian Foreign Minister Abbas Araghchi later this week.
2) Stuart Kaiser, Head: US Equity Trading Strategy Citi, joins to discuss whether the equity rally in the US could face further headwinds or if there's just immediate headline risk. The market is gauging the risks of an escalation in hostilities and broader involvement, with a focus on oil prices, which could soar if Tehran disrupts shipments through the Strait of Hormuz.
3) Jerome Schneider, Head: Short Term Portfolio Management & Funding at PIMCO, discusses the upcoming Fed meeting and why not all cash is king when it comes to defensive investing. The Federal Reserve decision on Wednesday will be closely watched, with policymakers signaling an extended hold on interest rates and investors looking for clues on what might eventually prompt the central bank to make a move.
4) Meredith Whitney, CEO at Meredith Whitney Advisory Group, joins to talk about US economic risks and why the July 3rd jobs report could mark a breaking point in the US economy.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including Business Insider's story on Costco testing stand-alone gas stations for members and the NYT story on Americans watching streaming.
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