Bloomberg Surveillance

Eswar Prasad, a Senior Fellow at the Brookings Institution, dives into pressing economic topics. He explores the risks of exporting high-end technology to China, weighing short-term gains against long-term security concerns. Prasad highlights China's expertise in commercializing innovations and its strategy of increasing overseas investments amid rising export barriers. He also discusses the complexities of U.S. foreign policy, suggesting mixed signals could undermine strategic objectives while affirming the enduring power of the U.S. financial system.

In this discussion, Sarah Hunt, Partner and Chief Market Strategist at Alpine Woods Capital Investors, shares her insights on how the upcoming Fed meeting might act as a market catalyst despite limited data. She highlights the intricate balance between inflation concerns and labor market dynamics, emphasizing that any cuts in rates depend heavily on these factors. Moreover, she warns about credit risks amid tight spreads and evaluates small-cap profitability as key for future market scenarios. Hunt's commentary paints a complex picture of investment strategies for 2026.

Geetha Ranganathan, a Bloomberg Intelligence analyst specializing in media and entertainment, joins to dissect the ongoing bidding wars between Paramount and Netflix. She reveals the intricate dynamics behind their offers, highlighting Paramount's potential for higher synergies and strategic advantages. Geetha also explores the implications of these bids for Warner Bros. Discovery, assessing how they could shape future valuations. With her insight, she paints a vivid picture of the corporate drama unfolding in the media landscape.

Christian Nolting, Deutsche Bank's Chief Investment Officer, shares insights on the 2026 market outlook, predicting tech's continued strength and three Fed interest rate cuts. His analysis points to persistent inflation and a stable Treasury yield. Meanwhile, Robert Fishman from MoffettNathanson dives into the Netflix-Warner Bros. Discovery deal, discussing the competitive landscape and regulatory challenges. He highlights the stakes for Paramount and Comcast, emphasizing the existential need for premium content in a shifting industry.

Amanda Lynam from BlackRock dives into the crucial role of short-term funding and credit market dynamics, highlighting a constructive outlook for 2026. Geetha Ranganathan, a media analyst, analyzes the Netflix-Warner Bros. bidding wars, discussing valuation mechanics and regulatory concerns. Victoria Fernandez shares insights on equity market positioning and sector rotations, urging investors to temper their return expectations for 2026 while keeping an eye on credit selectivity and yield curves.

Doug Burgum, U.S. Secretary of the Interior and former governor of North Dakota, dives into the intersection of U.S. energy policy and national security, explaining how AI-driven electricity demand reshapes the landscape. He discusses innovations in oil drilling that enhance efficiency even at lower prices. Constance Hunter, Chief Economist at the Economist Intelligence Unit, weighs in on the Federal Reserve's policies, inflation risks, and how Kevin Hassett's influence could impact future economic strategies amid a landscape of cautious consumer behavior.

Katy Kaminski, Chief Research Strategist at AlphaSimplex, navigates market technicals and highlights how small and mid-cap stocks are thriving amid rate cut expectations. Barbara Reinhard, CIO at Voya Investment Management, shares insights on equities stabilizing amidst Fed policy uncertainties and global spillovers from U.S. Treasury moves. Felix Gillette, Bloomberg News media reporter, dives into the monumental Netflix-Warner Bros. Discovery deal, discussing strategic motivations and the operational challenges that lie ahead.

Tom Keene dives into insightful market outlooks with Lisa Shalett, stressing the importance of realistic expectations for 2026 and the potential for double-digit earnings growth. Erin McLaughlin shares her diverse background, highlighting the impact of trade decisions on onshoring timelines. The discussion also touches on recent surprises in earnings and margins, signaling optimistic trends for the upcoming year. Expect a blend of expert analysis and intriguing market strategies!

Neil Shearing, the Group Chief Economist at Capital Economics, shares his concerns about the markets overestimating potential Fed rate cuts, citing resilient U.S. growth and inflation risks. He discusses how China's deflation and overinvestment could influence global prices. Meanwhile, Heidi Crebo-Rediker, a Senior Fellow at the Council on Foreign Relations, analyzes the ongoing Russia-Ukraine negotiations, highlighting the challenges posed by hollow Russian promises and the need for stronger support for Ukraine's financing and reconstruction.

Binky Chadha, Chief Global Strategist at Deutsche Bank, shares his insights on the equity market and offers a bold S&P 500 target of 8,000, backed by a demand-supply framework and expected $1.4 trillion in buybacks. He warns that Q4 earnings will be crucial for validating this outlook. Sonal Desai argues against further Fed rate cuts, suggesting they could fuel inflation as demand rises. Angelo Zino addresses the evolving AI landscape, highlighting challenges in enterprise monetization despite rapid consumer adoption.