Alison Williams, a Senior Analyst at Bloomberg Intelligence, discusses how major U.S. banks are poised for strong earnings despite market volatility. Huw van Steenis, Vice Chair at Oliver Wyman, highlights the surge in private credit demand among family offices seeking stable returns as private equity slows down. Jan Szilagyi, CEO of Reflexivity, explores the transformative role of AI in investment analysis, showcasing its ability to process vast data efficiently and enhance decision-making in the financial sector.
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insights INSIGHT
Delayed Inflation From Tariffs
Inflation impact from tariffs is delayed due to prior front-loading by consumers and suppliers.
Domestic suppliers keep prices competitive to gain market share, showing price sensitivity.
insights INSIGHT
U.S. Banks Show Diverging Strengths
JPMorgan is immensely strong with multiple business divisions, driving robust earnings.
Citigroup and Wells Fargo are improving but remain behind JPMorgan's scale and results.
insights INSIGHT
European Debt Tensions and Tariffs
French debt investors show concern as spreads widen beyond Portugal and Spain.
Short-term tariff effects may be limited; long-term friction is the bigger risk.
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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 15th, 2025 Featuring: 1) Constance Hunter, Chief Economist at EIU, and Greg Boutle, Head of US Equity & Derivative Strategy at BNP Paribas, react to CPI and discuss their market and economic outlooks. Stocks advanced in early trading after Nvidia secured US assurances to resume sales of some artificial intelligence chips to China. 2) Alison Williams, Senior Analyst at Bloomberg Intelligence, wraps this morning's bank earnings. America’s biggest banks are heading into earnings season with tailwinds from trading and lending as they benefit from market volatility and steady borrowing costs. JPMorgan, Wells Fargo, and Citigroup report today. 3) Huw van Steenis, Vice Chair at Oliver Wyman, joins to talk about how private credit is reshaping portfolios. It comes off the heels of a recent Bloomberg report showing family offices, representing around $3.1 trillion globally, are seeking new sources of returns as private equity distributions slow. According to the 2025 BlackRock Family Office Survey, a third of respondents wanted to increase their allocations to private credit, the highest of any asset class. 4) Jan Szilagyi, CEO of Reflexivity (formerly Toggle AI), talks about AI growth amid Nvidia's rally and what his company's doing to use AI to help investors. Nvidia plans to resume sales of its H20 AI chip in China after securing Washington's assurances that such shipments would get approved. The move is seen as a "massive win" for Nvidia's Chief Executive Officer Jensen Huang, and is also viewed positively by Vey-Sern Ling, managing director at Union Bancaire Privee, who says it is "obviously positive" for Nvidia, the AI semiconductor supply chain, and China tech platforms. 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ story on the plunging dollar leaving American travelers with less buying power this summer and a Bloomberg report on Starbucks corporate managers working remotely having to pack their bags and relocate in a year.
Bloomberg Surveillance 