Bloomberg Surveillance

Jordan Rochester, Nomura International G-10 FX Strategist, says he expects the Bank of England to transition to more dovish policy next year. David Blanchflower, Dartmouth College Professor of Economics & Former Bank of England Monetary Policy Committee, says the Bank of England is under huge pressure and the balance of risks is strong to the downside. James Zelter, Apollo Co-President, discusses the alternative asset manager's foray into aircraft leasing and credit strategy. Tom Porcelli, RBC Capital Markets Chief US Economist, weighs the Federal Reserve's next moves. Sonali Basak, Bloomberg Global Finance Correspondent, reports on Wall Street bonuses poised to plunge and potential job cuts at Credit Suisse.See omnystudio.com/listener for privacy information.

Joseph Stiglitz, Columbia University Professor & Nobel Laureate, says we will eventually go through a period of disinflation. Kathy Bostjancic, Oxford Economics Chief US Economist, thinks it's possible to cool the labor market and the economy without seeing a large increase in the unemployment rate. Isaac Boltansky, BTIG Director of Policy Research, says the OPEC+ decision is a slap in the face of the Biden administration. Kristen Bitterly, Citi Global Wealth Management Head of North America Investments, says there's a 50-50 chance of a true recession.  See omnystudio.com/listener for privacy information.

Mike Wilson, Morgan Stanley Chief US Equity Strategist, says any talk of a Fed pivot at this point is premature. Mandy Xu, Credit Suisse Head of Equity Derivatives Strategy, suggests going long gold as real yields peak. Mark McCormick, TD Global Head of FX Strategy, expects to see a dollar peak by next year. John Ryding, Brean Capital Chief Economic Advisor, says ultimately the runway is too short for a soft landing. See omnystudio.com/listener for privacy information.

William Cohen, Chairman & CEO of the Cohen Group, Former Secretary of Defense and Former US Senator, says China would view a visit to Taiwan by Nancy Pelosi as a finger in the eye of Xi Jinping. Lara Rhame, FS Investments Chief US Economist, expects the US economy to continue to weaken. Ed Morse, Citi Global Head of Commodities Research, expects oil to continue its downward draft to the mid $80s. Stuart Kaiser, UBS Head of Equity Derivatives Research, says it's hard to call for a bull market in this environment. See omnystudio.com/listener for privacy information.

Vince Reinhart, Dreyfus and Mellon Chief Economist, expects inflation will halve over the next year, which will then allow the Fed to pivot. Barbara Ann Bernard, Wincrest Capital Founder, CEO & CIO, says this is a real stock picker's market. Solita Marcelli, UBS Global Wealth Management Chief Investment Officer of Americas, says this is still a great time to invest for the long-term. Isaac Boltansky, BTIG Policy Research Director, doesn't expect the Inflation Reduction Act to do much to reduce inflation. See omnystudio.com/listener for privacy information.

Jonathan Pingle, UBS Chief US Economist, says the guts of the US GDP report look weak. Frances Donald, Manulife Investment Management Global Chief Economist & Strategist, is more concerned about the next four quarters going further than today's GDP report. Walter Piecyk, LightShed Partners Technology, Media & Telecom Analyst and Partner, says he sees evidence of a weakening consumer. Jeanine Wai, Barclays Senior Oil & Gas Exploration & Production Analyst, discusses how investors are keeping Chevron in line. See omnystudio.com/listener for privacy information.

Ed Hyman, Evercore ISI Chairman & Founder & Head of Economic Research, says the economy is doing fine now, but it will slow with inflation. Alicia Levine, BNY Mellon Wealth Management Head of Equities & Capital Market Advisory, is seeing rolling bubbles in the economy as it continues to heal. Andrew Hollenhorst, Citi Chief US Economist, says another 75 basis point hike from the Fed wouldn't be surprising. Regina Mayor, KPMG Global Head of Energy, expects triple digit oil prices through the end of the calendar year and into 2023. See omnystudio.com/listener for privacy information.

Julian Emanuel, Evercore ISI Chief Equity & Quantitative Strategist, sees signs of inflation turning down. Saira Malik, Nuveen Chief Investment Officer, says we are likely already in a recession. Representative French Hill, Republican from Arkansas, says the Fed has to focus on price stability. David Rubenstein, Carlyle Group Co-Founder & Co-Chairman and Host of "Bloomberg Wealth," discusses his interview with Trian Group Founding Partner Nelson Peltz. See omnystudio.com/listener for privacy information.

Nouriel Roubini, Roubini Macro Associates CEO & TheBoomBust.com Co-CEO, says the idea of a short, shallow recession is a delusion. Bruce Kasman, JPMorgan Chief Economist and Head of Global Economic Research, thinks the Fed will begin pulling back on tightening sooner than next year. Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, says financials will perform well, even through a mild, technical recession. Steven Englander, Standard Chartered Bank Global Head of G10 FX Research, expects 2023 to be a weak dollar year. See omnystudio.com/listener for privacy information.

Jeff Lacker, Former Richmond Fed President, says the Fed should be willing to tolerate a recession to get inflation down. Rich Greenfield, LightShed Partners Partner and Media and Technology Analyst, believes that Elon Musk will be forced to buy Twitter. Lauren Sauer, University of Nebraska Medical Center Associate Professor and Special Pathogens Research Network Director, says we must bring trust back into vaccines. Doug Kass, Seabreeze Partners President, expects only a mild and brief recession. See omnystudio.com/listener for privacy information.