Citi Chief US Economist expects the Fed to pause in September. Oppenheimer Asset Management Chief Investment Strategist predicts S&P to finish the year at 4,900. Newedge Wealth Chief Investment Officer sees no evidence of an imminent recession. UBS's record breaking profit is discussed. Red Bull Racing F1 Driver looks ahead to the Monza Grand Prix.
Max Verstappen aims to extend his winning streak at the upcoming Monza Grand Prix, attributing his drive to his upbringing and experiences in go-kart racing.
UBS and Credit Suisse plan to merge to create one of the largest financial institutions, prioritizing a balance between innovation and tradition to serve their clients effectively.
Deep dives
Max Verstappen aims for 10th consecutive win at Monza
Max Verstappen is looking to extend his winning streak at the upcoming race in Monza. With nine consecutive wins already under his belt, Verstappen is hungry for more success. He credits his drive and determination to his upbringing and early experiences in go-kart racing, where he had the chance to be around legends like Michael Schumacher. While Verstappen acknowledges that the competition in Formula 1 is fierce, he remains focused on his goals and continues to strive for excellence.
UBS and Credit Suisse merger plans revealed
UBS and Credit Suisse have announced their plans for merging. The banks are looking to create one of the largest financial institutions, with assets under management totaling trillions of dollars. While there are still challenges and risks associated with the merger, the CEOs are confident in their vision for the future. They aim to maintain a balance between innovation and tradition and continue serving their clients in the best possible way. The merger is expected to take several years to fully integrate, but the banks are committed to providing updates and details along the way.
Max Verstappen discusses his driving style and future teammate
Max Verstappen shares insights into his driving style and his close relationship with his teammate, Sergio Perez. Verstappen adapts his driving approach to suit the characteristics of each car and track, always striving to find the best performance. As for his future teammate, Verstappen clarifies that while he has conversations with team bosses about potential changes, he is not the one making the final decisions on who his teammate will be. His focus remains on his own performance and driving as fast as he can.
Max Verstappen's thoughts on Formula 1 format changes
Max Verstappen shares his thoughts on potential changes to the Formula 1 format, such as sprint racing and alterations to the qualifying format. Verstappen expresses his preference for keeping things the way they are, as he finds the existing format exciting and enjoyable. He believes that if something is already working well, there is no need to make unnecessary tweaks. Verstappen values the pure race tracks and hopes that they will remain in the calendar alongside any future developments in Formula 1.
Andrew Hollenhorst, Citi Chief US Economist expects the Fed to pause in September. John Stoltzfus, Oppenheimer Asset Management Chief Investment Strategist is sticking with his bullish forecast, expecting the S&P to finish the year at 4,900. Cameron Dawson, Newedge Wealth Chief Investment Officer says there is no evidence that a recession is imminent. Bloomberg's Jan-Patrick Barnert discusses UBS's record breaking profit. Max Verstappen, Red Bull Racing F1 Driver looks ahead to the Monza Grand Prix this weekend.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance