Bloomberg Surveillance Bloomberg Surveillance TV: November 6th, 2025
Nov 6, 2025
Cathie Wood, CEO of ARK Invest, defends Elon Musk's $1 trillion pay package, arguing it aligns with Tesla's ambitious goals. Seema Shah, Chief Global Strategist at Principal Asset Management, analyzes the tech sector's earnings amid market skepticism, while highlighting AI's evolving role in investments. Esther George, former Kansas City Fed President, discusses Fed dissents and the complexities of balancing labor and inflation. Jon Lieber, from the Eurasia Group, delves into current U.S. trade policy and the implications of the Supreme Court's tariff authority hearing.
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Pay Package Tied To Radical Upside
- Cathie Wood argues Elon Musk's incentives align with massive shareholder upside if ambitious targets are met.
- She links Tesla's long-term value largely to robo-taxi deployment and AI-powered platforms driving future growth.
Use Skepticism To Buy Selectively
- Cathie Wood says skepticism in tech is healthy and provides buying opportunities.
- She highlights life sciences as the most undervalued area because AI applications there are underappreciated.
Earnings OK But Market Remains Skeptical
- Seema Shah notes earnings beat but markets still punish stocks because investors doubt AI capex will deliver promised gains.
- She expects the economy to slow toward trend in 2026 but remain growing, supporting earnings broadly.