Bloomberg Surveillance

Bloomberg Surveillance TV: November 12, 2024

Nov 12, 2024

William Dudley, former President of the Federal Reserve Bank of New York, shares insights on the economic implications of President-elect Trump’s policies, including fears of inflation and market volatility. Tom Steyer, co-founder of Galvanize Climate Solutions, emphasizes the urgency of America leading the green energy transition while discussing the striking drop in solar prices. Both guests examine the evolving landscape of U.S. energy dynamics and consumer behavior, highlighting the challenges and opportunities as the nation adjusts to new policies.

21:04

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Episode guests

Tom Steyer

William Dudley

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Quick takeaways

Tom Steyer emphasizes the essential role of America in spearheading the green transition to combat climate change effectively.

David Tinsley highlights consumers' increasing preference for experiences over goods, which influences market trends and economic behavior.

Deep dives

Liquidity in the Futures Market

Futures markets, such as the CME Group S&P 500 and NASDAQ 100 futures, operate nearly 24 hours a day, providing significant liquidity and trading opportunities beyond the traditional trading hours seen in ETF markets. While ETF trading volumes typically decline after 4 p.m., the futures market remains active, allowing traders to engage with the market both day and night. This continuous trading environment is vital for investors looking to capitalize on fluctuations and trends that may arise during off-hours, providing an advantage in accessing a dynamic market. The ability to trade around the clock enhances potential profit opportunities and risk management for futures market participants.

Intro

2min

Economic Outlook Post-Election

7min

Market Trends and Shifts in U.S. Politics

2min

The Economics of Energy Transition: A Shift to Renewables

3min

Navigating Energy Demands and Regulatory Challenges

6min

Dynamics of Consumer Spending and Futures Markets

6min

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg audience survey.

- Tom Steyer, Galvanize Climate Solutions Co-founder, "Cheaper, Faster, Better: How We'll Win The Climate War" Author
- David Tinsley, BofA Institute Senior Economist
- William Dudley BBO, Bloomberg Economics & Former NY Fed President

Tom Steyer of Galvanize Climate Solutions says it's an "absolute necessity" for America to lead "the green transition." David Tinsley of BofA says, "The consumer continues to value experiences over goods." Former New York Fed President William Dudley believes the Fed is going to try to maintain its independent policy.

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