Bloomberg Surveillance

Equities outlook for 2024 with Lori Calvasina, RBC Capital Markets Head of US Equity Strategy. Dana Telsey discusses record-high Black Friday sales. Aaron David Miller provides insight on the Israel-Hamas war. Torsten Slok analyzes the Fed's rate policy. Steve Schwarzman shares buying opportunities in European real estate.

Macy's CEO says department stores are still relevant and ready for holiday shopping season. Retailers embracing AI. Surprise drop in Thanksgiving dinner prices discussed. Use credit card points before they lose value.

Holiday rally in equity market; latest in Israel-Hamas war; busy travel season amid uncertainty in airline industry; Fed unlikely to cut rates until after US election; chaotic week for OpenAI founder and Nvidia's earnings report

Topics covered include the Israel-Hamas deal, OpenAI's leadership changes and potential IPO, Nvidia's sales outlook and Binance's guilty plea, introduction to the podcast 'Smart Talks with IBM', negotiations for hostage release in Israel-Gaza conflict, and Nvidia's earnings report and speculation on China exposure.

Sam Altman, CEO of OpenAI, discusses Microsoft's advancements in AI monetization. Victoria Fernandez highlights the importance of diversification in portfolios. Michael Collins talks about the potential inflationary risks. Robert Hormats discusses the potential deal between Israel & Hamas in Gaza and his upcoming trip to Beijing.

Sam Altman, former President of Y Combinator and entrepreneur, discusses the shifting AI landscape amid his move to Microsoft. The speakers also explore the potential acquisition of OpenAI by Microsoft and the challenges of rebuilding. Other topics covered include CEO overconfidence, foreign exchange rates, central bank dependency, and upcoming elections in 2024.

El-Erian discusses bond market volatility and restoring Fed's credibility. Kelton talks about putting fiscal policy on autopilot. Chiavarone describes Fed's policy trajectory as rocky. Schork highlights traders' skepticism about oil supply levels. Lowe says Biden-Xi Jinping meeting won't change dynamic between two countries.

Morgan Stanley Chief US Economist discusses the softening labor market. Former New York Fed President calls for changes to the treasury market. Senior Retail Analyst highlights pressure on retail sector from Walmart, Target, and Burberry. Head of China Research analyzes Biden's meeting with Xi Jinping.

Mark Mesler, CFO of Archer, discusses the future of electric vertical takeoff and landing aircraft (eVTOLs) and Archer's plans to bring them to market. Topics include strategic partnerships, revenue streams, technical advancements, pilot training, FAA certification delays, global expansion, and the changing role of CFOs.

US retail sales dip slightly in October, but overall consumer spending remains robust. The Fed aims for a successful soft landing amid potential challenges. Corporations may cut costs in 2024 if the Fed doesn't lower rates. Despite a stopgap funding bill, Capitol Hill faces an increasingly dysfunctional environment. Target surpasses expectations with its 3Q earnings. Analysts discuss the influence of Spy on investing, global trade risks, potential for a new bull market, and lack of policy and leadership in government.