Bloomberg Surveillance

Ivan Feinseth, Research Director and CIO at Tigress Financial Partners, shares insights on Intel's disappointing forecast due to manufacturing issues. He emphasizes that this isn't just a quarterly setback but signals a major shift for the company. While praising the new CEO's strategy, he highlights the role of U.S. semiconductor investments and strong demand in AI PCs. Ivan also discusses the importance of diversifying clients for Foundry Services and expresses optimism about future revenue growth, despite current execution challenges.

In this engaging discussion, Rebecca Patterson, a Senior Fellow at the Council on Foreign Relations, shares her insights on the gradual erosion of confidence in the dollar. She emphasizes the significance of shifts in the Treasury curve and how they can be masked by short-term stability. The potential implications of upcoming Supreme Court decisions on tariffs also take center stage, highlighting their impact on consumer prices and the political landscape. Her deep knowledge of geopolitics and finance makes for a compelling listen.

Chris Wright, the U.S. Secretary of Energy, shares insights on U.S. oil production and upcoming engagements in Venezuela aimed at enhancing energy security. Howard Lutnick, the U.S. Secretary of Commerce, discusses the Greenland tariff framework and its national-security implications, alongside reshoring initiatives to benefit U.S. industries. Brian Moynihan, CEO of Bank of America, provides a positive economic outlook, highlighting robust consumer spending and the nuanced effects of AI on employment, while also addressing credit access challenges.

Wendy Schiller, a political science professor at Brown University, shares insights on the current U.S. diplomatic stance, emphasizing economic leverage over traditional treaty methods. She also discusses how domestic politics are shifting focus away from foreign policy. Meanwhile, Jane Foley, head of FX strategy at Rabobank, analyzes the dollar's variable status, noting skepticism around the yen and arguing for the dollar's potential stability due to U.S. equity strength and global corporate investments.

Julian Emanuel, Chief Equity & Quantitative Strategist at Evercore ISI, discusses why recent market data suggests strength and highlights the potential of AI despite tech skepticism. Retail analyst Dana Telsey reviews holiday sales performance and the impactful trends reshaping the luxury market, particularly with China's recovery. Lisa Mateo shares the latest headlines, including colleges adopting AI for admissions, which raises concerns about bias and efficiency. This lively conversation delves into the future of markets and retail in a rapidly changing landscape.

In a fascinating discussion, experts Julian Emanuel and Jonathan Maxwell delve into the intersection of AI-related debt fears and tech equity opportunities. Emanuel forecasts potential for low double-digit earnings growth in the coming years, while Maxwell explores the Arctic's role in resource competition and geopolitical tensions. With insights on the geology beneath the Arctic Ocean, they highlight crucial regions like Greenland and Russia. This engaging conversation uncovers how these factors shape the future of commodities and global strategy.

David McKay, President of the Royal Bank of Canada, discusses the intense transactional vibe of Davos and the benefits of USMCA for trade. Ted Pick, CEO of Morgan Stanley, shares insights on the optimism surrounding AI and potential mega IPOs. Senator Thom Tillis addresses Federal Reserve oversight, the complexities of congressional processes, and concerns about rising debt. Each guest offers a unique perspective on global market dynamics and the interplay between economics, policy, and geopolitics.

Marc Champion and Michael Purves dive into the complexities of Europe's cohesion amid transatlantic challenges, emphasizing the difficulties in finding common ground influenced by US policies. Champion highlights the critical need for unity in Europe. Meanwhile, Purves provides sharp insights into the recent volatility in Japan's long-term bonds, contrasting it with the steadiness in U.S. rates. The discussion navigates through market dynamics, including significant movements in equities and gold, making for an engaging analysis of current financial landscapes.

Gary Cohn, IBM Vice Chairman and former White House economic advisor, discusses the impacts of geopolitical risks and the significance of U.S. fundamentals in market dynamics. Paul Ryan, former Speaker of the House, critiques current populism and emphasizes the dangers of state capitalism while assessing CEO sentiments amid prevailing uncertainties. Alexander Stubb, President of Finland, suggests creating an Arctic security structure involving NATO and urges caution regarding Russian maneuvers, all while touching on the evolving situation in Ukraine.

Michael Purves, a veteran markets strategist, discusses the rise of risk-off sentiment in European markets and highlights gold as a top hedge. Steve Laipply from BlackRock shares insights on record bond ETF inflows and strategies focusing on yield. Chief Economist Michael Darda explains the macro risks tied to Fed policies, while journalist Lisa Mateo provides intriguing headlines, including the challenges faced by MBAs and the innovative all-female trading desk at Banca Promos. This engaging mix of finance and news offers a deep dive into current market dynamics.