Bloomberg Surveillance Bloomberg Surveillance TV: September 8th, 2025
7 snips
Sep 8, 2025 
Eric Resnick, CEO at KSL Capital Partners, shares his expertise on consumer health and travel industry trends. He highlights the evolving preferences of travelers in a post-pandemic world, emphasizing shifts toward sustainable tourism. Resnick also discusses investment opportunities emerging despite current downturns in travel transactions. He notes the importance of flexible staffing solutions and how they adapt to seasonal demand in the travel sector. His insights paint a vivid picture of a dynamic industry navigating the complexities of economic changes.
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Fed Cuts Likely But Limited
- Ellen Zentner expects the Fed to cut 25bp in September and again at the following meeting.
- She warns a few cuts won't satisfy political pressure and too many cuts could overheat a reaccelerating economy next year.
Payroll Revisions Will Cloud Labor Picture
- Ellen Zentner expects payroll benchmark revisions to be net downward and sees volatility in labor data during BLS staff changes.
- She stresses seasonal adjustments can swing payroll counts materially and complicate interpretation.
Global Bond Moves Push US Yields Up
- Jim Bianco argues global developed-market yields are moving in lockstep and push U.S. yields up even if domestic inflation seems lower.
- He notes European and Japanese fiscal stress and easing talk are driving long-term yields higher globally.