Bloomberg Surveillance

Bloomberg Surveillance TV: May 22, 2024

May 22, 2024

Erin Browne of PIMCO warns of market impact from Nvidia earnings. Jay Bryson and Adam Posen discuss the consumer state, elections, and Fed's direction. Jennifer Flitton reacts to poll showing Biden closing in swing states, also covering interest rate expectations, inflation trends, economic predictions, and White House policy options.

32:31

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Quick takeaways

Investors are looking at utility companies for AI technology, potential stock market impact.

US beginning industrial policies to support utilities for AI revolution, global implications post-election.

Deep dives

Opportunities in the Utility Market

Investors are currently looking at utility companies, particularly those that focus on independent production and lean into AI technology. This sector has been under-owned and under-performed in the past but is now gaining traction as rates stabilize and the Fed hints at potential cuts. With the potential peak in rates and strong earnings outlook for specific companies like Nvidia, utility stocks are becoming more attractive due to their ability to support the growing demands of the AI revolution.

Introduction

2min

AI-driven Utilities and Global Infrastructure

6min

Interest Rate Expectations and Inflation Trends Analysis

3min

Analysis of Governor Waller's Speech and Economic Predictions

14min

White House Policy Options and Economic Stimulus

2min

Election Dynamics and Financial Regulations

7min

Discussion on Trinflation, Public Opinion, and Sponsor Advertisements

2min

-Erin Browne, PIMCO Multi-Asset Strategies Portfolio Manager
-Jay Bryson, Wells Fargo Chief Economist
-Adam Posen, Peterson Institute for International Economics President
-Jennifer Flitton, Invesco Head of US Government Affairs

PIMCO's Erin Browne looks ahead to Nvidia earnings due after today's closing bell, saying if the stock underperforms, 'the whole market's going down'. Jay Bryson of Wells Fargo and Adam Posen of the Peterson Institute discuss the state of the consumer, the election, and what will shape the Fed's path forward. Invesco's Jennifer Flitton reacts to the latest Bloomberg/Morning Consult poll that shows President Biden closing in on Trump's lead in swing states.

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