Bloomberg Surveillance

Delve into the dynamics of the labor market and the effects of immigration on job growth and inflation. Experts dissect recent economic trends, tariffs, and unemployment insights. The conversation shifts to market dynamics and the Federal Reserve's strategies on interest rates amidst diverse inflation opinions. Political scenarios ahead of upcoming elections also play a crucial role in shaping economic dialogues. Tune in for sharp analyses and intriguing takes on today's financial landscape.

Jamieson Greer, the US Trade Representative, offers insights into the complexities of tariff policy as the Trump administration approaches critical deadlines. He discusses the nuances in ongoing trade negotiations, particularly concerning U.S.-Switzerland trade dynamics. Greer also highlights the implications of tariffs on American industries, including automotive, and emphasizes the opportunities for substantive changes in global trade strategy. Additionally, he touches on labor market trends and how immigration and tariffs influence economic indicators.

Michael Darda, Chief Economist at Roth Capital, delves into the latest jobs report, analyzing its implications for market trends. Ernie Tedeschi, Director of Economics at the Yale Budget Lab, provides critical insights on rising US tariffs, revealing that average rates could hit 15.2%. The duo examines how these tariffs affect job market dynamics and consumer prices, along with the Federal Reserve's response to shifting economic indicators. Their discussion sheds light on the intertwining of global trade policies and domestic employment opportunities.

Dive into the fascinating world where technology meets finance, as industry leaders discuss how AI optimizes business operations. Discover the evolving landscape of monetary policy and the shift towards cautious strategies. Insights unfold on how aggressive tariff strategies might impact economic growth, labor markets, and consumer sentiment. This lively conversation goes beyond standard news, bringing a rich perspective on economic trends and their real-world implications.

Gargi Chaudhuri is the Chief Investment and Portfolio Strategist for the Americas at BlackRock, and Walter Piecyk is a Partner at Lightshed Partners. They dive into the implications of Fed Chair Jay Powell's recent conference and the expected rate cuts in 2025. Chaudhuri discusses the S&P outlook and equity strategies, while Piecyk previews Apple's earnings amidst concerns over innovation challenges and the impact of talent departures. The duo also explores the complexities of navigating stagflation and the dollar's depreciation on investment strategies.

Lael Brainard, a Senior Fellow at Harvard and former Fed Vice Chair, shares insights on the intricacies of Fed policy, emphasizing the importance of maintaining independence amid inflation risks. Rich Clarida, Global Economic Advisor at PIMCO and former Fed Vice Chairman, reacts to recent Fed decisions, discussing the outlook for rate cuts. Together, they explore the balance between economic turbulence and policy-making, while illuminating how tariffs influence American consumers and tech giants' resilience in the evolving market landscape.

In this discussion, Jeff Rosenberg from BlackRock shares insights on market trends and monetary policy. He unpacks Jay Powell's recent statements on interest rates, revealing the Fed's cautious stance amidst economic uncertainties. The talks highlight mixed equity performances and the implications of tariffs and inflation on the economy. Rosenberg also explores challenges the Fed faces in addressing economic disparities, along with the evolving dynamics of long-term treasuries in investment strategies as the landscape shifts.

Discover the transformative potential of artificial intelligence in enhancing business operations and driving growth. Delve into how significant economic events influence market dynamics and productivity's crucial role amid financial instability. Explore the prospects of a bull market in 2025 while weighing the associated risks of current valuations. Learn how tools from Siemens and financial backing from PayPal can empower businesses to leverage AI for increased efficiency and expansion.

Experts analyze the potential for the Federal Reserve to cut interest rates in September, weighing internal disagreements and economic data. Big Tech's earnings are discussed as a catalyst for boosting the S&P rally. Recent trade deals come under scrutiny as the August 1 tariff deadline looms, with insights into U.S.-India relations and the complexities of global supply chains. Additionally, the labor market's health is debated, revealing underlying weaknesses amidst surface strength. Overall, the episode navigates a landscape of intricate economic policies and market strategies.

Amy Wu Silverman, Head of Derivatives Strategy at RBC Capital Markets, shares her insights on U.S. stock volatility and the nuances between expectations and actual volatility. Abby Joseph Cohen, a Columbia University professor and former Goldman Sachs strategist, discusses the Federal Reserve's approach to maintaining steady interest rates amid external pressures and the complexities of trade policy. Their conversation highlights the mix of market dynamics and geopolitical influences shaping today's economic landscape.