Bloomberg Surveillance

Governor Ned Lamont, (D) Connecticut, says Connecticut is prepared for an economic downturn. Jim Zelter, Apollo Global Co-President, says high-yield nearing 10% is "attractive." Nadia Calvino, Spain Deputy Prime Minister, stresses the importance of monetary and fiscal policy coordination. Andrew Hollenhorst, Citi Chief US Economist, says the Fed has a communication issue. See omnystudio.com/listener for privacy information.

Bill Dudley, Bloomberg Opinion Columnist, says the Fed owes the world a mea culpa. Seema Shah,  Principal Asset Management Chief Global Strategist, says there is worse to come for the market. Gilles Moec, AXA Investment Managers Chief Economist, says recession is absolutely unavoidable at this stage. Bob Yawger, Mizuho Energy Futures Strategist, says we will probably see oil trading near $100. See omnystudio.com/listener for privacy information.

Marty Walsh, US Secretary of Labor, discusses the September employment report. Tiffany Wilding, PIMCO Chief US Economist, weighs the Federal Reserve's next move. Randy Kroszner, University of Chicago Booth School Professor of Economics & Former Federal Reserve Governor, says this jobs report keeps the Fed on track for a 75-basis-point hike at the next meetings. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says the Fed is sending mixed messages. See omnystudio.com/listener for privacy information.

Marilyn Watson, BlackRock Head of Global Fundamental Fixed Income Strategy, sees "huge opportunities" in fixed income. Stephen Schork, The Schork Group President, says the world is heading into the winter with a thimble of oil. Nela Richardson, ADP Chief Economist, reacts to US jobless claims. Bipan Rai, CIBC Capital Markets NA Head of FX Strategy, expects rates to remain higher for longer. See omnystudio.com/listener for privacy information.

Chief Financial Officers now play a critical role in shaping corporate strategy and positioning organizations to meet future challenges. Bloomberg's monthly program, Chief Future Officer, profiles these leaders and explores the impact they're making on their companies and industries. In this episode, Deutsche Post DHL Group CFO Melanie Kreis tells Tom Mackenzie how the the logistics giant has built capital and diversified its portfolio while accelerating growth during the Covid pandemic.See omnystudio.com/listener for privacy information.

Michael Gapen, Bank of America Chief US Economist, says the payroll number is the only one that matters in November. Christyan Malek, JPMorgan Global Head of Energy Strategy, says we are seeing a repricing of oil away from the control of OPEC. Ngozi Okonjo-Iweala, WTO Director General, says the global outlook is "looking quite grim." Tony Crescenzi, PIMCO Market Strategist, Portfolio Manager & Member of the Firm's Investment Committee, says bonds look attractive amidst a "Volckeresque" Fed. See omnystudio.com/listener for privacy information.

Ben Laidler, eToro Global Markets Strategist, says we're almost certainly going into a recession. Jordan Rochester, Nomura International G-10 FX Strategist, expects the euro to weaken further below parity with the US dollar by the end of this year. Freya Beamish, TS Lombard Chief Economist, says China is probably coming out of its recession, but is still very weak. Paul Sankey, Sankey Research Founder and Lead Analyst, says a production cut by OPEC+ will effectively serve to raise oil prices. See omnystudio.com/listener for privacy information.

Bruce Kasman, JPMorgan Chief Economist and Head of Global Economic Research calls it “appropriate” for the Federal Reserve to target a softening of the US labor market. Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, says it's time to pivot to small caps. Nadia Calvino, Spanish Economy Minister, says the Spanish economy continues to grow quite strongly. Chloe Smith, UK Secretary of State Work and Pensions, says the UK government is in talks with the Pensions Regulator. Dan Skelly, Morgan Stanley Wealth Management Head of Market Research and Strategy, says he is watching earnings, PMIs, and jobs data to decide when to increase equity exposure again. See omnystudio.com/listener for privacy information.

Andrew Griffith, UK Financial Secretary to the Treasury and City Minister, says the UK Government, the OBR and the Bank of England are all working in a coordinated fashion. Jane Foley, Rabobank Head of FX Strategy, says the pound still remains very vulnerable. Regina Mayor, KPMG Global Head of Energy, is optimistic about the European energy picture in in the near term. Jim Paulsen, The Leuthold Group Chief Investment Strategist, says thinks the Fed is close to a blink on policy. See omnystudio.com/listener for privacy information.

Jeff Currie, Goldman Sachs, Global Head of Commodities Research, says oil markets are caught in a vicious negative feedback loop. Michael Spence, Nobel laureate & General Atlantic Senior Adviser, says the global economy has shifted and become supply constrained. Carl Weinberg, High Frequency Economics Chief Economist & Managing Director, says the Bank of England has no choice but to hike. Ray Farris, Credit Suisse Chief Economist, says the worst is yet to come for equities.See omnystudio.com/listener for privacy information.