Bloomberg Surveillance

Marilyn Watson, BlackRock Head of the Global Fundamental Fixed Income Strategy, sees a potential buying opportunity in the credit market. Bob Michele, JPMorgan Asset Management CIO & Head of Global Fixed Income, Currency & Commodities, advises selling government bonds and buying credit. Laurence Boone, OECD Chief Economist, says there is no doubt that the omicron variant is adding to global economic uncertainty. Shai Weiss, Virgin Atlantic CEO, says stopping travel is not the way to stop a pandemic.See omnystudio.com/listener for privacy information.

Howard Ward, Gabelli Funds CIO of Growth Equities, says it is too early to say whether the omicron variant is a market gamechanger. Victoria Fernandez, Crossmark Global Investments Chief Market Strategist, expects inflation to fall to 3% despite the risk from the omicron variant. Lauren Sauer, Nebraska Medical Center Associate Professor and Special Pathogens Research Network Director, says we could see omicron updates to covid vaccines within 2-4 months if necessary. Ian Shepherdson, Pantheon Macroeconomics Chief Economist, makes the case for Fed patience.See omnystudio.com/listener for privacy information.

Peter Hotez, Baylor College Baylor College Dean of the National School Of Tropical Medicine, says travel bans from southern Africa is a policy failure. Elsa Lignos, RBC Global Head of FX Strategy, says currency market is in “wait-and-see mode” on the omicron variant. Andrew Slimmon, Morgan Stanley Investment Management Senior Portfolio Manager, says 2022 is going to be a tougher year to make money. Jennifer Lee, BMO Capital Markets Senior Economist, expects the ISM surveys to be far more interesting than payrolls this week.See omnystudio.com/listener for privacy information.

Dr. Andy Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says now is the time to be proactive to prevent again the new Covid variant and other virus risks. Amrita Sen, Energy Aspects Founder and Director of Research, says the oil market has had a huge overreaction to the new Covid variant. David Riley, BlueBay Asset Management Chief Investment Strategist, says the new Covid variant challenges market assumptions about the virus. Joe Feldman, Telsey Senior Research Analyst & Assistant Director of Research, says people are doing their holiday shopping earlier because of supply concerns.See omnystudio.com/listener for privacy information.

Marvin Loh, State Street Global Markets Global Macro Strategist, says today's data confirms that the U.S. Economy is moving in the right direction. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, there is a possibility that demand could curtain as supply picks up next year. Amy Wu Silverman, RBC Capital Markets Equity Derivatives Strategist, says the options market has finally woken up. Dr. Bhakti Hansoti, Johns Hopkins Associate Professor of Emergency Medicine, says Covid-19 is absolutely not endemic. Brian Kelly, The Points Guy CEO & Founder, says airlines need to reinvest in their service post-Covid.See omnystudio.com/listener for privacy information.

Anastasia Amoroso, iCapital Network Chief Investment Strategist, says the damage to the Turkish Lira has been self-inflicted. Mark McCormick, TD Securities Global Head of FX Strategy, says the market has completely lost confidence in Turkey. Michael Feroli, JPMorgan Chief U.S. Economist says the U.S. labor market looks pretty healthy and is getting back to normal. Wendy Schiller, Brown University Taubman Center for American Politics & Policy Director, says Democrats need to show they can still govern otherwise they'll lose suburban voters.See omnystudio.com/listener for privacy information.

President Joe Biden selects Jerome Powell for a second four-year term as U.S. Federal Reserve chair and elevates Governor Lael Brainard to vice chair. A special edition of Bloomberg Surveillance gets the reaction from Kathy Jones, Charles Schwab Chief Fixed Income Strategist; Alan Blinder, Former Federal Reserve Vice Chair; Bob Michele, JPMorgan Investment Management CIO; Priya Misra, TD Securities Global Head of Rates Strategy; Eric Freedman, U.S. Bank Asset Management Chief Investment Officer; Danny Blanchflower, Dartmouth College Professor and more.See omnystudio.com/listener for privacy information.

Nadia Lovell, UBS Global Wealth Management Senior US Equity Strategist, predicts the S&P 500 Index will reach 5,000 by June of 2022. Jim O'Sullivan, TD Securities Chief US Macro Strategist, expects growth momentum to be down over the next year. Andrew Pekosz, Johns Hopkins Bloomberg School of Public Health Professor & Virologist, discusses the FDA's authorization of Pfizer and Moderna booster shots for adults in the U.S. Hugo Rogers, Deltec Bank & Trust Chief Investment Officer, says markets are facing a trifecta of tailwinds.See omnystudio.com/listener for privacy information.

Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, still expects a strong growth trajectory over the next several years. Megan Greene, Harvard Kennedy School Senior Fellow, says Turkey is the canary in the EM coalmine. Seth Carpenter, Morgan Stanley Chief Global Economist, expects inflation to peak at start of 2022. Stephen Stanley, Amherst Pierpont Chief Economist, says it's going to take a while for the Fed to catch up.See omnystudio.com/listener for privacy information.

David Rubenstein, The Carlyle Group Co-Founder & Co-Executive Chairman, discusses how he expects SEC Chair Gary Gensler to deal with crypto regulation. Jordan Rochester, Nomura G10 FX Strategist, don't see any reason why the dollar should weaken from here. Ben Laidler, eToro Global Markets Strategist, says the Santa rally came early this year. Sarah House, Wells Fargo Senior Economist, doesn't expect the Fed to be too aggressive in this environment.See omnystudio.com/listener for privacy information.