Bloomberg Surveillance Spiraling US Debt and Its Impact on Interest Rates
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Oct 24, 2023 Jenny Johnson, Franklin Templeton President & CEO, shares concerns about spiraling US debt and its impact on interest rates. Mandeep Singh of Bloomberg Intelligence discusses the latest in tech earnings. Cameron Dawson, Newedge Wealth Chief Investment Officer, says the Fed's higher-for-longer policy is starting to bite. Paul Jacobson, General Motors Chief Financial Officer, discusses GM's 3Q earnings and the company's outlook amid the UAW strike. Fatih Birol, International Energy Agency Executive Director, discusses the impacts of geopolitical conflicts on the global energy market.
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US Debt and Interest Rates
- Jenny Johnson expresses concern about the impact of rising US debt on interest rates.
- She believes the focus should be on attracting buyers for this debt rather than short-term rate decisions.
Market Concentration and Risk
- Jenny Johnson discusses market concentration and risk in the current market conditions.
- She notes that market capitalization is highly concentrated in a few stocks, similar to the dot-com peak.
Tech Earnings Outlook
- Mandeep Singh discusses the divergence in growth expectations for tech companies like Google and Meta.
- He highlights Google's resilience in search and YouTube, expecting potential upside.