Bloomberg Surveillance

Bloomberg Surveillance TV: May 31, 2024

May 31, 2024

Economists Lara Rhame and Subadra Rajappa discuss core PCE deflator impact on treasury market. Sam Stovall predicts stock market trends post-Memorial Day. Delta Air Lines CEO Ed Bastian talks travel demand and airline challenges in Dubai.

29:58

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Quick takeaways

Investors may shift focus to short-term treasuries for attractive yields in a prolonged low-rate environment.

Balancing inflation and growth metrics is crucial for making informed investor decisions amidst market uncertainties.

Deep dives

Economic Data Analysis and Fed Policy Insights

Lara Rain of FS Investments discusses the recent economic data indicating a slowdown in spending for Q2 but expects the Fed to stay on hold for the year with no immediate rate cuts. The potential impact on bond investments is highlighted, suggesting investor focus shifting to short-term treasuries due to attractive yields in a possibly prolonged low-rate environment.

Introduction

2min

Economic Data Analysis and Fed Rate Cut Expectations

12min

Economic Data Previews and Fed Rate Speculations

2min

Navigating Market Dynamics and Investor Strategies

4min

Analysis of Economic Indicators and Stock Market Reactions

3min

Navigating Industry Challenges and Airline Growth

9min

Award Presentation, CEO Interview, and Podcast Promotion with Sponsorship Mentions

2min

-Lara Rhame, FS Investments Chief Economist
-Subadra Rajappa, Société Générale Head of US Rates Strategy
-Sam Stovall, CFRA Chief Investment Strategist
-Ed Bastian, Delta Air Lines CEO

Lara Rhame of FS Investments and Subadra Rajappa of Société Générale react to April's core PCE deflator that met expectations and discuss how it impacts the treasury market and the Fed's June meeting. Sam Stovall of CFRA says the stock market has historically entered a 'summertime snooze' after Memorial Day, but this year could be different. Delta Air Lines CEO Ed Bastian joins Bloomberg's Guy Johnson in Dubai and talks travel demand, consumer spending and challenges facing the airline industry.

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