Bloomberg Surveillance

Julian Emanuel, Evercore ISI Chief Equity & Quantitative Strategist, says the market could retest its lows if there is a consumer slump. Christian Nolting, Deutsche Bank Private Bank Global Chief Investment Officer, sees opportunities in European financials. Deborah Cunningham, Federated Hermes Global Liquidity Markets CIO, says we've been in a supply-demand imbalance from a treasury perspective. David Rubenstein, Carlyle Group Co-Founder & Co-Chairman and Host of "Peer to Peer Conversations," discusses his interview with FTX CEO Sam Bankman-Fried. See omnystudio.com/listener for privacy information.

David Rosenberg, Rosenberg Research Founder & President, says we are a long way from the market bottom. Sebastien Page, T. Rowe Price Head of Global Multi-Asset & Chief Investment Officer, says he's not yet ready to get back into stocks. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, expects the yield curve inversion to deepen. Geoffrey Yu, BNY Mellon Senior EMEA Market Strategist, says he doesn't know anyone who's bullish right now. See omnystudio.com/listener for privacy information.

 Andrew Slimmon, Morgan Stanley Investment Management Senior Portfolio Manager, expects the near term to be negative for markets. Francesco Bianchi, Johns Hopkins Economist, says the Fed needs cooperation from the fiscal authorities to help bring inflation down. Ellen Wald, Atlantic Council Senior Fellow, says banning American exports of energy products would be damaging to the overall market. Sen. Patrick Leahy, (D) Vermont, says he will fully support President Biden if he runs again in 2024. See omnystudio.com/listener for privacy information.

Patrick Harker, Philadelphia Fed President, says the Fed should consider pausing rate hikes after hitting at least 3.4% by year end to see how the economy reacts. James Bullard, St. Louis Fed President, says the Fed’s rate hikes are working at shorter lags than in the past. Raphael Bostic, Atlanta Fed President, says the Fed should keep interest rates higher “for a long time.” TD Securities Global Head of Rates Strategy Priya Misra and Citi Chief US Economist Andrew Hollenhorst react to Fed Chair Jerome Powell’s speech at the Kansas City Fed’s annual economic policy symposium in Jackson Hole, Wyoming. See omnystudio.com/listener for privacy information.

Esther George, Kansas City Fed President, says the Fed has to get rates higher to slow down demand. Glenn Hubbard, Columbia Business School Professor of Finance and Economics, says policy still has role to play. Mohamed El-Erian, Bloomberg Opinion Columnist & Queens' College Cambridge President, says the Fed can't blink after being asleep at the wheel. Savita Subramanian, BofA Securities Head of US Equity & Quantitative Strategy, says she is focused on the long-end of the curve and sees the US at the beginning of a real growth cycle. See omnystudio.com/listener for privacy information.

Andrew Hollenhorst, Citi Chief US Economist, sees the Fed raising rates above 4% next year. Subadra Rajappa, Societe Generale Head of US Rates Strategy, says a Fed hike beyond 4% doesn't make sense. Tom Porcelli, RBC Capital Markets Chief US Economist, says the Fed may stop hiking by the end of the year. Seabreeze Partners President Doug Kass and Blue Ridge Capital Founder John Griffin discuss the life and legacy of Julian Robertson. See omnystudio.com/listener for privacy information.

Jan Hatzius, Chief Economist at Goldman Sachs, thinks the it could be a couple more years before the Fed cuts rates. Steven Ricchiuto, Mizuho Securities USA Chief US Economist, describes why this is not a typical inflation cycle. Steve Englander, Standard Chartered Bank Global Head G-10 FX Research, says the ECB doesn't have the tools to address the weakness in Europe. Tina Fordham, Fordham Global Foresight Geopolitical Strategist & Founder, says there are no signs of the war in Ukraine abating. David Rubenstein, Carlyle Group Co-Founder & Co-Chairman and Host of "Peer to Peer Conversations," discusses his interview John Doerr, Kleiner Perkins Chairman and 'Speed & Scale' Author. See omnystudio.com/listener for privacy information.

Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, says to set up for further volatility ahead. Ian Shepherdson, Pantheon Macroeconomics Chief Economist, if you're not expecting a recession in Europe, you haven't been paying attention. Peter Trubowitz, LSE Professor of International Relations & Chatham House Associate Fellow, expects the war in Ukraine to continue to be a long slog. Jordan Rochester, Nomura International G-10 FX Strategist, says the FX market is mispricing Europe. Leland Miller, China Beige Book International Founder & CEO, says China's official data have gotten a lot more honest. Doug Kass, Seabreeze Partners President, details why he thinks the S&P 500 is topping out, and where he sees vulnerability in the market. See omnystudio.com/listener for privacy information.

Seth Carpenter, Morgan Stanley Chief Global Economist, says the Fed needs to slow things a lot and stay tight for a while. Jane Foley, Rabobank FX Strategy Head, explains why she thinks Sterling can remain weak for a while. Patrick Armstrong, Plurimi Wealth CIO, says there are cheap stocks out there. Savanthi Syth, Raymond James Airlines Managing Director, says Delta is a good stock to own. See omnystudio.com/listener for privacy information.

Andrew Sheets, Morgan Stanley Chief Cross Asset Strategist, says markets are in an interesting pause before the September Fed meeting. Kelsey Berro, JPMorgan Asset Management Fixed Income Portfolio Manager, says credit fundamentals are still strong. Francisco Blanch, Bank of America Global Research Head of Global Commodities and Derivatives Research, says fossil fuels face a tough future ahead. Dan Ives, Wedbush Securities Senior Equity Research Analyst, says Apple is only in the middle innings of an unprecedented upward cycle. See omnystudio.com/listener for privacy information.