Mike Mayo, Head of US Large Cap Bank Research at Wells Fargo, dives into the recent bank earnings and the impact of new regulations on American banks. He provides insights into the outlook for the sector amidst evolving market conditions. Ivan Feinseth, CIO at Tigress Capital Partners, discusses the upcoming earnings from big tech companies and his bullish perspective on the S&P. The conversation highlights the relationship between trade deals, market sentiment, and technological advancements shaping the financial landscape.
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insights INSIGHT
Sustained U.S. Dollar Weakness
The U.S. dollar has been consistently weak since February, defying expectations of reversal.
Dollar weakness correlates with equity market strength and rate cut prospects, marking a significant trend shift.
insights INSIGHT
Fed's Expanding and Limiting Role
The Federal Reserve faces increasing complexity addressing macroeconomic stability amid evolving global challenges.
Its role must expand cautiously without overstepping into non-mandate areas like environmental remediation.
insights INSIGHT
Trump's Impact on Fed Reputation
President Trump's attacks have damaged the Fed's public reputation and undermined trust.
This shift endangers the Fed's independence and effectiveness in managing the economy.
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Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyJuly 23rd, 2025 Featuring: 1) Katy Kaminski, Chief Research Strategist at AlphaSimplex, talks about equities' positive trend, fixed income stalemates, and dollar weakness. Global stocks have roared back from their April slump on expectations countries will strike agreements with the US ahead of an Aug. 1 deadline, avoiding significant damage to company earnings and the global economy. Among the companies reporting Wednesday are Tesla and Alphabet. 2) Peter Conti-Brown, professor at Wharton Business School and author of "The Power and Independence of the Federal Reserve," discusses the history and importance of Fed independence. There’s a long history of US presidents putting pressure on the Federal Reserve to lower interest rates, but the techniques have often been subtle or quiet in some way. Investors are taking seriously the prospect that President Trump will find a way or a reason to remove Fed Chair Jay Powell before the end of his term next year. 3) Mike Mayo, Head: US Large Cap Bank Research at Wells Fargo, breaks down recent bank earnings, new regulations, and outlook for America's big banks. 4) Ivan Feinseth, CIO at Tigress Capital Partners, gives us a preview of big tech earnings and talks about his bullish S&P call. Analysts will be studying the latest quarterly earnings from big tech for signs of resilience. A gauge of the so-called “Magnificent Seven” giants halted a nine-day advance Tuesday. 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including WSJ's report on Europe turning focus to air conditioning and Business Insider's story on the hottest tote for moms this summer and why Wall Street's paying attention.
Bloomberg Surveillance 
