Bloomberg Surveillance

Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, says the markets need to stop, pause and have a moment of digestion. Mike Wilson, Morgan Stanley Chief US Equity Strategist & Chief Investment Officer and Morgan Stanley Global Investment Committee Chair, says be 'very selective' with stocks. Daniel Ives, Wedbush Senior Equity Analyst, discusses why he's bullish on Apple despite weak earnings. Michelle Meyer, Mastercard Economics Institute Chief Economist for North America, says the consumer and economy are shifting. Sri Natarajan, Bloomberg News, discusses Goldman Sachs commodities research chief Jeff Currie set to leave the bank. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund says we are seeing normalization in the labor market. Ed Yardeni, Yardeni Research President says we're in a rolling recovery, but the second half of the year could be challenging. Tom Forte, DA Davidson Senior Research Analyst, says Amazon's cost cuts could impact customers going forward. Wendy Schiller, Taubman Center for American Politics and Policy Director at Brown University says the Trump indictment emboldens his base.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Sree Kochugovindan, Abrdn Senior Research Economist, discusses the BOE raising rates by 25 basis points. John Stoltzfus, Oppenheimer Asset Management Chief Investment Strategist, sees continued earnings resilience. Tom Porcelli, PGIM Fixed Income Chief US Economist, says he doesn't expect the US to suffer through a recession. Tom Wagner, Birmingham City FC Owner and Co-Chairman & Knighthead Capital Co-Founder, discusses his recent purchase of Birmingham City FC. Anurag Rana, Bloomberg Intelligence, previews Amazon and Apple earnings. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Terry Haines, Pangaea Policy Founder, says he questions Fitch's US credit downgrade and its timing.Robert Tipp, PGIM Fixed Income Chief Investment Strategist, says there has been an erosion in the US and its governance. Bob Michele, JPMorgan Asset Mgmt. CIO & Head of Global Fixed Income, Currency & Commodities, says the US is headed to recession near year-end. Nathan Sheets, Citigroup Global Markets Global Chief Economist, says we need to see some easing in services spending. Amy Wu Silverman, RBC Capital Markets Head of Derivatives Strategy, says the options market is "terrible" at pricing political and geopolitical events. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

June Grasso and Jeanne Sheehan Zaino discuss the federal charges against Donald Trump, exploring the tactics used in multiple states and implicating co-conspirators like Rudy Giuliani. They analyze the potential indictment of Trump and the wide-ranging investigation into election officials. The discussion highlights the historic nature of the indictment and the challenges in silencing Trump while upholding freedom of speech and fair elections.

Elyse Ausenbaugh, JPMorgan Global Wealth Management Investment Strategist, says the Fed could be in a place to cut rates next year. Helane Becker, TD Cowen Senior Research Analyst, says this summer is all about Europe and next year will be all about Asia, as international travel picks up. Jordan Rochester, Nomura G-10 FX Strategist, says his biggest headache right now is higher oil prices. Regina Mayor, KPMG Global Head of Energy, discusses rising oil and gas prices. Jonathan Miller, Miller Samuel President & CEO, says housing prices have leveled off. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

 Brian Levitt, of Invesco says we're likely to see a pullback in 2024. Carl Weinberg of High Frequency Economics says it's not clear what the Bank of Japan is up to. Wendy Schiller of Brown University says it looks like Donald Trump owns the Republican Party. Doug Kass, Seabreeze Partners President says he's bearish for the remainder of 2023.Zak Brown, CEO of McLaren Racing says it's awesome to see how big Formula 1 has gotten in the United States.  Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Geoff Yu, BNY Mellon Sr. Market Strategist, says "everything is on the table" for the BOJ after they announced a surprise loosening of yield curve controls. Jonathan Pingle, UBS Chief US Economist, says the US is still a long way from price stability. Jane Foley, Rabobank Head of FX Strategy, says the BOJ's surprise yield curve actions were to "take themselves away from being pushed into a corner by market conditions." Steve Chiavarone, Federated Hermes Head of Multi-Asset Solutions, sees core CPI at 3.9% this year. Jay Pelosky, TPW Advisory Principal & Founder, says "we're at the end of the rate hiking cycle in the west." Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Richard Clarida, Fmr. Federal Reserve Vice Chair, PIMCO Global Economic Advisor & Columbia University Professor, says one more Fed hike is in play in the fall. James Athey, Abrdn Investment Director, reacts to the ECB hiking rates by 25 basis points. Vincent Reinhart, Dreyfus and Mellon Chief Economist and Macro Strategist, says Fed Chair Jerome Powell is "pretty confusing."Mandeep Singh, Bloomberg Intelligence, discusses Meta revenue, forecast beating estimates. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jon Ferro and Lisa Surveillance discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision. See omnystudio.com/listener for privacy information.