Bloomberg Surveillance

Edward Yardeni, Yardeni Research President, says the bond vigilantes are back. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, discusses market multiples and sectors of the market that he thinks are attractive. Jeanine Wai, Barclays Capital Senior Analyst, says the supply response to higher oil prices has been very muted. Thomas Costerg, Pictet Wealth Management Senior U.S. Economist, says there is still a degree of caution in the U.S. economy. Robert Hormats, Tiedemann Advisors Management Director, says the Biden administration has a very good understanding of China.See omnystudio.com/listener for privacy information.

Bharat Ramamurti, White House National Economic Council Deputy Director, says President Biden's budget is fiscally responsible. Ed Morse, Citi Research Global Head of Commodities, sees continued reliance on fossil fuels for at least the next 10-15 years. Stephen Stanley, Amherst Pierpont Chief Economist, says the reaction to inflation expectations could be unpredictable, despite the Fed's confidence. Andrew Pekosz, Johns Hopkins Bloomberg School of Public Health Professor & Virologist, says it is critically important to find the origin of the Covid-19 virus.See omnystudio.com/listener for privacy information.

David Kelly, JPMorgan Asset Management Chief Global Strategist, is not sure fixed income markets should believe the Fed's dovish tone. Peter Tchir, Academy Securities Head of Macro Strategy, says the market is downplaying the inflation potential. Rubeela Farooqi, High Frequency Economics Chief U.S. Economist, expects deceleration in the second half of the year as fiscal measures expire. Representative French Hill, Republican from Arkansas, does not believe the current level of government spending is sustainable.See omnystudio.com/listener for privacy information.

David Malpass, World Bank President, calls on countries to free up their excess Covid vaccines and says the distribution effort must be equitable. Howard Ward, Gabelli Funds CIO of Growth Equity, says it's too early to turn your back on this bull market. Jared Bernstein, Council of Economic Advisors Member, says the U.S. unemployment insurance system does need some work. Senator Kevin Cramer, Republican from North Dakota, says he would support a bigger infrastructure bill if there is no new borrowing. Kathy Jones, Schwab Center for Financial Research Chief Fixed Income Strategist, says tapering talk can be bullish for bonds.See omnystudio.com/listener for privacy information.

David Kostin, Goldman Sachs Chief U.S. Equity Strategist, economy's growth rate is peaking this quarter. Marvin Loh, State Street Senior Global Macro Strategist, says the Fed is so far behind the curve, that it will be hard for them to catch up. Liz Ann Sonders, Charles Schwab Chief Investment Strategist, details why she expects to see a bid soon return to the technology and discretionary sectors. Julia Coronado, Macropolicy Perspectives President & Founder, says the pandemic's acceleration of business transformation could result in productivity gains.See omnystudio.com/listener for privacy information.

Carl Bildt, European Council on Foreign Relations Co-Chair, says Belarus airspace should be declared unsafe following the forces landing of a Ryanair plane. Michael Darda, MKM Partners Chief Economist & Market Strategist, says the Fed will be behind the curve when they start the tightening process. Mona Mahajan, Allianz Senior U.S. Investment Strategist, doesn't expect another melt-up in markets. Dianne Morales, New York City Mayoral Candidate, says the stories about a mass exodus from New York City aren't true.See omnystudio.com/listener for privacy information.

Rebecca Patters, Bridgewater Director of Investment Research, says Bitcoin is still a speculative asset and still has a long way to go before becoming a gold-equivalent. Mike Mayo, Wells Fargo Head of U.S. Large-Cap Bank Research, says banks have no choice but to get more efficient and stream-line. Terry Haines, Pangaea Policy Founder, says the Biden administration wants to show that America is back as a global player. Daniel Boulud, Chef & Restaurateur, says it is time to bring back jobs and hope to New York City.See omnystudio.com/listener for privacy information.

Sridhar Natarajan, Bloomberg Wall Street Reporter, discusses Morgan Stanley's biggest leadership reshuffle in more than a decade. Russ Koesterich, BlackRock Global Allocation Fund Portfolio Manager, says he sees a Fed policy shift coming. Roger Bootle, Capital Economics Chairman and Founder, says he's worried about inflation complacency. Sen. Steve Daines, (R) Montana, says we have a labor crisis, not a job crisis. Ann Miletti, Wells Fargo Asset Management Head of Active Equity, says inflation fears will moderate.See omnystudio.com/listener for privacy information.

Joe Lavorgna, Natixis CIB Chief Economist of the Americas, says the economy may slow more than expected next year, but we are years away from a recession. Stephanie Wissink, Jefferies Equity Analyst, says the back-to-school retail season will be next signal of confidence that we are back into a cycle of normalcy. Michael Shaoul, Marketfield Asset Management CEO, says the global economy post pandemic is radically different to the global economy pre-pandemic, largely due to the changes in fiscal and monetary policy. David Rubenstein, Peer to Peer Host & Carlyle Group Co-Founder, discusses his conversation with Senator Tammy Duckworth, Democrat from Illinois.See omnystudio.com/listener for privacy information.

Andrew Sheets, Morgan Stanley Chief Cross Asset Strategist, says pricing power matters more in the U.S. than elsewhere in the world. Mark McCormick, TD Securities Head of FX, says says fiscal spending could be more positive for Europe than for the U.S. Michael Nathanson & Craig Moffett, MoffettNathanson Founding Partners & Senior Research Analysts, say streaming may cause media companies to have a worse return on capital going forward. Eric Adams, New York City Mayoral Candidate, says tackling crime in New York City is a matter of prevention and intervention. Dr. Amesh Adalja, Johns Hopkins Center for Health Security Senior Scholar, says we should stop testing people who are fully vaccinated unless they show symptoms of Covid-19.See omnystudio.com/listener for privacy information.