Bloomberg Surveillance Single Best Idea with Tom Keene: Monica Guerra & Suki Cooper
Sep 30, 2025
Explore the implications of a potential government shutdown with Monica Guerra, who delves into funding priorities and impoundment precedents. Learn about Nathan Dean's optimistic view on finding an 11th-hour solution to funding conflicts. Suki Cooper shares insights on gold's recent rally, attributing it to ETF flows, macroeconomic risks, and demand for safe-haven assets. The discussion also touches on China's currency expectations, examining the possibility of yuan appreciation in the global market.
AI Snips
Chapters
Transcript
Episode notes
24-Hour Liquidity In Futures
- CME Group S&P 500 and NASDAQ 100 futures trade nearly 24 hours with deep liquidity, offering continuous opportunities when other markets pause.
- Futures provide night-time trading liquidity that ETF markets typically lack after 4 p.m.
Shutdown Used As Political Leverage
- Monica Guerra describes how a shutdown can be used as leverage, citing past impoundment of Ukraine funding as precedent for selective cuts.
- She explains GOP rural demands and EPA clean-energy cuts could become bargaining chips to push Democrats toward concessions.
Brinkmanship Likely Ends At Eleventh Hour
- Monica Guerra and Nathan Dean believe shutdown brinkmanship may still end with an 11th-hour solution rather than lasting mass layoffs.
- The political dynamic includes both 'stick' and 'carrot' off-ramps to bring parties to agreement.