Bloomberg Surveillance

Danny Blanchflower, Dartmouth College Professor of Economics and Former BOE Monetary Policy Committee Member, says UK markets are now in chaos. Katrina Dudley, Franklin Mutual Series Portfolio Manager, says the Bank of England's purchase of long-dated UK government bonds is a "quantitative conundrum." Alan Ruskin, Deutsche Bank Chief International Strategist, says the BOE's move places even more pressure on them at the front end of the curve. Saira Malik, Nuveen Chief Investment Officer, says that as long as the dollar and yields continue to move upward, investors need to brace themselves for more pain. See omnystudio.com/listener for privacy information.

Bob Diamond, Atlas Merchant Capital Founding Partner & CEO, says the British government needs to restore its credibility with debt investors if it hopes to push ahead with its plans for the economy. Mark Mobius, Mobius Capital Partners Co-Founder, says the Fed is going to keep raising rates until the rate is above inflation, regardless of market reaction. Bill Dudley, Former New York Fed President, says the Fed is finally getting its arms around making Fed policy tight. Michael O'Leary, Ryanair CEO, says the company is reasonably insulated from pound volatility. Victoria Fernandez, Crossmark Global Investments Chief Market Strategist, says we are getting closer to a market bottom. See omnystudio.com/listener for privacy information.

Russ Koesterich, BlackRock Global Allocation Fund Portfolio Manager, remains cautious on risk and underweight stocks. Kallum Pickering, Berenberg Senior Economist, says it's hard to label UK market moves as panic. Jordan Rochester, Nomura G-10 FX Strategist, says the pound will continue its slide against the US dollar without intervention from the Bank of England and a shift in UK fiscal policy. Steven Wieting, Citi Global Wealth Chief Investment Strategist & Chief Economist, discusses the outlook for US corporate earnings, employment, and Federal Reserve policy. See omnystudio.com/listener for privacy information.

Julian Emanuel, Evercore ISI Chief Equity & Quantitative Strategist, says uncertainty in the markets is approaching critical levels. Steven Englander, Standard Chartered Bank Global Head of G10 FX Research, discusses outlook for the pound as Liz Truss’s new UK government delivers the most sweeping tax cuts since 1972. Dan Suzuki, Richard Bernstein Advisors Deputy Chief Investment Officer, explains why markets are in the midst of several major turning points. Janice Eberly, Northwestern University's Kellogg School of Management Senior Associate Dean & Professor of Finance, says the Fed's initial announcement of the 75 basis-point hike wasn't the surprise, it was the surrounding messaging. See omnystudio.com/listener for privacy information.

Danny Blanchflower, Dartmouth Professor & Former BOE Policy Committee Member, warns of an economic disaster ahead. Lisa Shalett, Morgan Stanley Wealth Management Chief Investment Officer, assesses the recent carnage in the markets. Abby Joseph Cohen, Columbia Business School Professor & Retired Goldman Sachs Partner, sees more credit market damage ahead. National Bank of Ukraine Deputy Governor Serhiy Nikolaychuk discusses signs of recovery in Kyiv, the challenge to maintain a focus on monetary policy amid war with Russia, and the need for further funding from the International Monetary Fund.  See omnystudio.com/listener for privacy information.

Mike Wilson, Morgan Stanley Chief US Equity Strategist, says he is much more focused more on the earnings story than the Fed. Michael Pond, Barclays Head of Global Inflation Market Strategy, says to prepare for a hawkish Fed. Michael Collins, PGIM Fixed Income Senior Portfolio Manager, still expects a little bit more downside in credit. Kona Haque, ED&F Man Head of Research, says we currently have an energy supply and demand mismatch.See omnystudio.com/listener for privacy information.

Kathy Jones, Charles Schwab Chief Fixed Income Strategist, says it's unsustainable to have the Fed hiking rates at a very rapid rate with the economy slowing. Chris Verrone, Strategas Partner & Head of Technical & Macro Strategy, thinks yields are going to remain stickier and higher than consensus. Alicia Levine, BNY Mellon Wealth Management Head of Equities & Capital Market Advisory, expects to see an equity market bump coming out of the US midterm elections. Jonathan Miller, Miller Samuel President & CEO, says we are absolutely underestimating the demand in the housing market. See omnystudio.com/listener for privacy information.

David Stubbs, JPMorgan Private Bank Global Head of Cross-Asset Thematic Strategy, says there are plenty of ways to meet your financial goals without taking equity risk. Dana Peterson, Conference Board Chief Economist, doesn't expect to see 2% inflation until 2024. Matt Brill, Invesco Head of North America Investment Grade, says it's an attractive time to buy bonds. Peter Tchir, Academy Securities Macro Strategy Head, says Fed Chair Powell needs to let his inner dove out. See omnystudio.com/listener for privacy information.

Andrew Sheets Morgan Stanley Chief Cross Asset Strategist, says we are into the thick of what we think is going to be a disappointing earnings revision lower. Jane Foley, Rabobank Head of FX Strategy, says she can't dismiss the possibility of parity between the British pound and the US dollar. Subadra Rajappa, Societe Generale US Rates Strategy Head, says all assets are very correlated right now. José Antonio Ocampo, Colombia Finance Minister, discusses the impact of inflation on his nation's economy, plans to raise capital, and growth in tourism. Seth Carpenter, Morgan Stanley Chief Global Economist, says to expect earnings to be lower across the board if the economy is going to slow down enough to get inflationary pressures under control. See omnystudio.com/listener for privacy information.

 Senator Pat Toomey, a Pennsylvania Republican and Ranking Member of the Senate Banking Committee, reacts to US railroads and union negotiators reaching a tentative deal to avert a labor disruption and says Congress should step in on cryptocurrency regulation. Liz Ann Sonders, Charles Schwab Chief Investment Strategist, weighs cheaper valuations against worries that persistently high inflation would cause central banks to remain hawkish for longer. Danny Blanchflower, Dartmouth College Professor of Economics & Former Bank of England Monetary Policy Committee Member, discusses the health of the UK economy. Kathy Bostjancic, Oxford Economics Chief US Economist, discusses outlook for US labor market and the Federal Reserve’s next move. See omnystudio.com/listener for privacy information.