Bloomberg Surveillance

Marriott International CEO Anthony Capuano discusses lessons learned from the pandemic, the competition for workers, expansion plans in China, and global demand for travel. Ken Leon, CFRA Global Director of Equity Research, says a more conservative consumer is the big story to watch in the next quarter for banks. David George, Robert W. Baird Senior Research Analyst for U.S. Banks, says the banking industry is in good shape. Steven Major, HSBC Global Head of Fixed Income Research, explains why he believes markets have seen the peak in yields.See omnystudio.com/listener for privacy information.

Gerard Cassidy, RBC Capital Markets Head of U.S. Bank Equity Strategy amd Large Cap Bank Analyst, examines second-quarter results from JPMorgan. Anastasia Amoroso, iCapital Network Chief Investment Strategist, says there are more catalysts to come for the banking sector. Stephen Biggar, Argus Research Director of Financial Institutions Research, sees loan growth improving for banks. PepsiCo Vice Chairman and CFO Hugh Johnston discusses the company's fastest sales growth in a decade.See omnystudio.com/listener for privacy information.

Michelle Meyer, BofA Securities Head of U.S. Economics, sees the U.S. economy continuing to grow well above trend after the expected peak in the second quarter. Troy Gayeski, SkyBridge Partner and Senior Portfolio Manager, says value plays still have legs. Vincent Reinhart, Mellon Chief Economist and Macro Strategist, says needs to walk a fine line in his testimony to Congress this week. Dr. Joshua Sharfstein, Johns Hopkins Bloomberg School of Public Health Vice Dean, discusses risks around the Covid-19 delta variant and the urgency to vaccinate more people.See omnystudio.com/listener for privacy information.

Bloomberg Opinion Columnist and Former New York Fed President William Dudley discusses the outlook for the labor market and Fed monetary policy. David Riley, BlueBay Asset Management Chief Investment Strategist, says the market is underpricing the Fed. Danny Blanchflower, Dartmouth College Professor of Economics, says Biden's competition executive order is kind of a primal scream to redress the balance of power between workers and firms. Andrew Pekosz, Johns Hopkins Bloomberg School of Public Health Professor and Virologist, discusses the severity of the delta variant and the prospect of a Covid vaccine booster.See omnystudio.com/listener for privacy information.

Eric Adams, Democratic Nominee for NYC Mayor & Brooklyn Borough President, lays out his vision for New York City and discusses policing and public safety. Pete Buttigieg, U.S. Secretary of Transportation, says the Biden administration is not yet ready to lift restrictions on international travel to the U.S. Rob Carnell, ING Head of Research & Chief Economist, Asia-Pacific, says the ECB's inflation goal of 2% gets rid of a lack of certainty over its mandate. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist says fundamentals are unbelievably strong and long-term, it's a growth story. Katerina Simonetti, Morgan Stanley Private Wealth Management Senior VP, says there is no reason to exit the markets.See omnystudio.com/listener for privacy information.

Abby Joseph Cohen, Goldman Sachs Senior Investment Strategist, sees the market as "roughly at fair value." Frederic Mishkin, Columbia University Graduate School of Arts & Sciences Professor of Banking & Financial Institutions, says monetary policy may be behind the curve because inflation won't be as temporary as the Fed thinks. Jim Caron, Morgan Stanley Investment Management Fixed-Income Portfolio Manager, says the market are telling us that we are past the peak. Dr. Bhakti Hansoti, Johns Hopkins Associate Professor of Emergency Medicin. Dr. Bhakti Hansoti, Johns Hopkins Associate Professor of Emergency Medicine, discusses the safest practices for the Tokyo Olympics.See omnystudio.com/listener for privacy information.

Richard Haass, Council on Foreign Relations President & Author, "The World: A Brief Introduction", says he is most worried about a divided America. Chris Grisanti, MAI Capital Chief Equity Strategist & Senior Portfolio Manager, says the confrontation over tech in China is a big concern. Ben Laidler, eToro Global Markets Strategist, says the growth story still has further to go. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says wage pressures are starting to build. Doug Kass, Seabreeze Partners President details the bearish factors threatening the market, factors that he says most investors are missing.See omnystudio.com/listener for privacy information.

Marty Walsh, U.S. Secretary of Labor, reacts to the U.S. June jobs report. Priya Misra, TD Securities Global Head of Rates Strategy, says the bond market is running with a more hawkish reaction function from the Fed. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says continued good news about reopening is raising expectations that the Fed is going to raise rates. Tiffany Wilding, PIMCO Chief U.S. Economist, says an uneven economic recovery is happening in the U.S.See omnystudio.com/listener for privacy information.

Ed Yardeni, Yardeni Research President, says tapering is coming and the bond market will be somewhat freer for it. Constance Hunter, KPMG Chief Economist, says vaccine hesitancy and child care are the things holding people back from the labor force. Joe LaVorgna, Natixis CIB Chief Economist of the Americas, says the Fed is stuck in a box. Dana Telsey, Telsey Advisory Group CEO & Chief Research Officer, says to expect a super holiday season from U.S. consumers.See omnystudio.com/listener for privacy information.

Jared Woodard, Bank of America Research Investment Committee Head, says the fear of over-positioning is misplaced. Vishy Tirupattur, Morgan Stanley Head of Fixed Income Research, says credit valuations have gotten so tight that there is not a lot of buffer for any change in the Fed's response function. Seema Shah, Principal Global Investments Chief Strategist, says this is the time to invest by looking at individual sectors. Rep. Andy Barr, (R) Kentucky & House Financial Services Member, says inflation is real and it's a crisis.See omnystudio.com/listener for privacy information.