Bloomberg Surveillance

Felix Gillette, Bloomberg's Media and Entertainment Editor, and Mark Douglas, CEO of MNTN, dive into Netflix's recent tax dispute with Brazil that impacted its quarterly earnings. They explore Netflix's strategic content momentum, including franchise timing and subscriber retention strategies. The duo also debates potential acquisitions, such as Warner Bros. Discovery, and discusses Netflix's advertising ambitions amidst changing market dynamics. With insights into ad monetization and industry shifts, they unveil the challenges and opportunities facing the streaming giant.

The discussion kicks off with a deep dive into shifting treasury demand and the dynamics of basis trades. Dominic Konstam highlights the growing role of banks and non-bank entities in purchasing treasuries. He also explores how policy changes could enhance liquidity and broaden the base of treasury buyers beyond traditional markets. Rohit Goel provides insights into India's economic trajectory, noting its historical fixes but cautioning against external political risks that could impact future stability.

Drew Matus, Chief Market Strategist at MetLife, discusses how investors are relying on earnings, adapting to a lack of economic data. Paul Jacobson, CFO of General Motors, shares insights on GM's resilience amid supply chain challenges and strategic shifts in manufacturing. Monica Guerra, Head of U.S. Policy at Morgan Stanley, explores U.S.-China trade negotiations, the impacts of tariffs, and the uncertain future for tariffs in fiscal policy. Together, they provide a comprehensive analysis of current market dynamics.

Dominic Konstam, Managing Director and Head of Macro Strategy at Mizuho Securities USA, shares valuable insights into Fed policy. He discusses the potential for aggressive cuts in interest rates, the intricate balance of inflation management, and the impact of tariffs on corporate margins. Konstam also highlights the risks of nonlinear debt crises and the role of AI in shifting labor demand. His analysis suggests that markets may be mispricing future Fed actions and inflation trends, making it a must-listen for those interested in economic forecasting.

Join a captivating discussion on the future of the U.S. dollar as Steven Englander predicts its resilience against a struggling euro. He dives into the possible mispricing of the dollar, linking it to data mismeasurement and productivity gains. Meanwhile, Michael Green sheds light on the rising wave of corporate bankruptcies and stresses within CLO and credit markets, highlighting the impact of money flow on market spreads. Insightful conversations reveal critical economic trends shaped by current events.

Sarah Hunt, Chief Market Strategist at Alpine Saxon Woods, dives into the recent recovery of stock markets amidst credit fears. She explores whether these concerns are systemic or isolated and discusses the implications of mega-cap tech earnings on volatility. Hunt contrasts U.S. and China’s AI strategies, revealing how differing approaches impact innovation. Additionally, she highlights sector preferences, naming defense stocks as favorable amid current market uncertainties. Tune in for insights on gold's surge in light of shifting investor sentiments.

Michael Green, Chief Strategist at Simplify Asset Management, dives into the world of index funds and highlights the crowding risks from passive investing, affecting large-cap stocks and market concentration. Steve Englander, Global Head of G10 FX Research at Standard Chartered Bank, raises concerns about the quality of U.S. economic data affecting monetary policy. He also discusses cross-rates and euro mispricing, while revealing the importance of using the employment-population ratio as a more reliable labor metric.

Dive into thought-provoking conversations that go well beyond the headlines. Mishal Husain engages with influential leaders and cultural icons like Elon Musk and Shonda Rhimes. Discover the ideas shaping our world through her curious and tenacious interviewing style. Each installment promises to reveal deep insights into how these notable figures perceive change and their impact on society.

Tom Keene dives into the turmoil shaping today's markets, highlighting the stress within the banking sector. Chris Whalen sheds light on the opaque nature of private markets, where investors often lack clarity on asset values. The discussion shifts to the trend of moving alternative investments offshore. Ben Laidler offers insights on whether current market fears truly reflect underlying weaknesses or simply echo the previous rally, all while advocating for staying invested. It’s a deep dive into financial complexities and market dynamics.

Christian Sewing, CEO of Deutsche Bank, discusses the bank's healthy credit outlook amidst market volatility and the need for structural reforms in Europe. Steve Pagliuca, Chairman of Bain Capital and co-owner of the Boston Celtics, compares today's private equity landscape to 2006-07, while emphasizing the growing financial power of sports franchises. Stephen Ricchiuto, Chief US Economist at Mizuho Securities, warns of inflation risks and the importance of Fed policy amidst current uncertainties. These insights point to a dynamic intersection of finance, policy, and global markets.