Bloomberg Surveillance

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.

Vassili Serebriakov, UBS FX & Macro Strategist, says the key question for the ECB going forward is going to be the growth-inflation mix. Gilles Moec, AXA Investment Managers Chief Economist Officer, says wage growth data is going to be key for the ECB going forward. Marc Chandler, Bannockburn Chief Market Strategist, thinks the odds of both a European and US recession are increasing. See omnystudio.com/listener for privacy information.

 Andrew Slimmon, Morgan Stanley Investment Management Senior Portfolio Manager, says markets are in a standing mode right now. Blerina Uruci, T. Rowe Price US Economist, says the recession doom and gloom is exaggerated. Jim Bianco, Bianco Research President, says inflation is going to stay a problem. Elsa Lignos, RBC Global Head of FX Strategy, says the bulk of the euro-dollar move is behind us. 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. This episode focuses on General Motors CFO Paul Jacobson, who discusses the company's transformation with David Westin. GM has committed to invest $35B into producing electric and autonomous vehicles, and intends to phase out the manufacture of gas-powered cars and trucks by 2035.See omnystudio.com/listener for privacy information.

David Malpass, World Bank President, says the West needs to prioritize less carbon-intensive energy sources. Andrew Sheets, Morgan Stanley Chief Cross Asset Strategist, says the key message in this market is patience. Amrita Sen, Energy Aspects Director of Research, says the oil market is defined by under-investment. Russ Koesterich, BlackRock Global Allocation Fund Portfolio Manager, says valuations are at a much more reasonable place than they were a year ago. See omnystudio.com/listener for privacy information.

Ken Rogoff, Harvard Professor of Economics & Public Policy & Former IMF Chief Economist, discusses the impact of a stronger US dollar on the global economy and says central banks are "way behind the curve" on cryptocurrency regulation. Mondli Gungubele, South African Minister in the Presidency, discusses how the country is dealing with an economy that is weaker than before the pandemic. Lara Rhame, FS Investments Chief US Economist, says higher rents will put more pressure on inflation. Marko Papic, Clocktower Group Chief Strategist, would expect a fraying of the US-European alliance after end of the war in Ukraine. See omnystudio.com/listener for privacy information.

Chris Marangi, Gabelli Funds Co-Chief Investment Officer, sees signs of stress on Main Street. Claudia Sahm, Sahm Consulting Founder & Former Federal Reserve Economist, explains why a "job-full" recession may be ahead. Tom Michaud, KBW CEO, discusses the state of American banking as Wells Fargo reports second-quarter earnings. Vince Reinhart, Dreyfus & Mellon Chief Economist, says the US Treasury market is less liquid than it was in 1998, calling it part of the consequence of QE. See omnystudio.com/listener for privacy information.

Larry McDonald, The Bear Traps Report Founder, says credit risk is about to veto the Fed's policy path. Subadra Rajappa, Societe Generale Head of US Rates Strategy, says the market is pricing in a recession. Conrad Dequadros, Brean Capital Senior Economic Advisor, says the Fed still has some work to do to get policy tight and inflation down. Andy Blocker, Invesco Head of US Government Affairs, says inflation could have a real impact on the midterm elections. See omnystudio.com/listener for privacy information.

Lindsey Piegza, Stifel Chief Economist, says the Fed is solely focused on inflation and will keep hiking as far as needed. Michael O'Rourke, JonesTrading Chief Market Strategist, expects a rough second half of the year. David Kotok, Cumberland Advisors Chairman & Chief Investment Officer, says this is not a normal inflation shock. Liana Fix, Korber Foundation Program Director, says there is a lot of fear and uncertainty among the German population over rising energy prices. See omnystudio.com/listener for privacy information.

Jordan Rochester, Nomura G-10 Currency Strategist, says the euro may tumble to 90 cents in the coming months. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, says the move to duration has come. Anna Han, Wells Fargo Securities Equity Strategist, expects volatility to persist until the Fed eases. Ellen Wald, The Atlantic Council Senior Fellow, says Russia is holding the cards for oil. See omnystudio.com/listener for privacy information.