Bloomberg Surveillance

Bloomberg Surveillance: Telsey Recaps Holiday Shopping

Dec 26, 2023

Dana Telsey recaps a busy holiday shopping season and notes moderation in consumer spending. Dan Ives predicts Apple's market cap to hit $4 trillion. Matt Miskin expects the Fed's influence over markets to decrease. Tom Tzitzouris discusses rate cuts for central banks. Norman Roule highlights escalating tensions in the Middle East.

40:50

Creator website

Episode guests

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

There has been a moderation in consumer spending across all income levels during the holiday shopping season.

The escalation of tensions in the Middle East, including attacks by proxies of Iran and the killing of a senior Iranian Quds Force official, raises the risk of a broader conflict in the region.

Deep dives

Escalation of Violence in the Middle East

The Middle East has seen a multi-front escalation of violence in recent days. Israel has intensified its attacks, targeting Hamas leadership and tunnels in Gaza. There have also been attacks by proxies of Iran, such as Hezbollah, and the US has responded with airstrikes in Iraq. The killing of a senior Iranian Quds Force official has raised the possibility of Iranian retaliation. Additionally, there is ongoing concern regarding attacks by Houthis in the Red Sea, potentially impacting shipping. The situation highlights the erosion of the international community's deterrence and the rising risk of a broader conflict in the region.

Introduction

4min

U.S. Consumer's Spending Strength

14min

Tech Market Outlook and Bank Capital Rules

2min

2023 Trends and Narrative Reflections

13min

Fed's Potential Actions, Risk of Basis Trade, and Global Bond Story

4min

Escalation of Violence and Proxy Warfare in the Middle East

5min

Discussion on the White House's rhetoric towards Israel and Hamas

3min

Dana Telsey, Telsey Advisory Group CEO, recaps a busy holiday shopping season and says there's been a moderation in consumer spending across all income levels.

Dan Ives, Wedbush Sr. Equity Research Analyst, predicts Apple will hit a whopping $4 trillion market capitalization next year.

Matt Miskin, John Hancock Investment Management Co-Chief Investment Strategist, predicts the Fed will have less influence over markets in 2024.

Tom Tzitzouris, Strategas Head of Fixed Income Research, says rate cuts are easier to justify for central banks outside the US than for the Fed.

Norman Roule, Center for Strategic & International Studies Senior Adviser, overviews escalating tensions in the Middle East as the Israel-Hamas war threatens to spill over.

Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance

See omnystudio.com/listener for privacy information.

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.