Bloomberg Surveillance

Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says the single most important thing that we could see as a sign of backstopping confidence in the financial markets right now would be a meeting between President Trump and Speaker Pelosi and Senator Schumer. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says the market sell-off is sheer panic. Christian Schulz, Citi Economics Team Director, discusses the need to "socialize losses" as central banks and governments combat the economic fallout from the coronavirus. Gary Shilling, Bloomberg Opinion Columnist & A. Gary Shilling & Co. President, says we are probably in a recession already. Marcus Ashworth, Bloomberg Opinion Columnist, says the world is looking at the U.S. to do something big and soon.See omnystudio.com/listener for privacy information.

Rupert Harrison, BlackRock Multi-Asset Strategies Portfolio Manager, says the U.K. is going to do everything possible to avoid permanent economic damage from coronavirus disruption. David Blanchflower, Former BOE Policy Committee Member and Dartmouth College Professor, questions the ECB's ability to coordinate with other governments. Nouriel Roubini, Roubini Macro Associates Chairman & CEO, says collapsing oil prices are a benefit for the real economy. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, predicts flat earnings growth for 2020. Megan Greene, Harvard Kennedy Senior Fellow, says the ECB is likely to cut rates, but that cutting rates is unlikely to help much.See omnystudio.com/listener for privacy information.

Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says the correction we're going through now is just a continuation of the correction that began two years ago. Dan Yergin, IHS Markit Vice Chairman, says there is a grudge match going on between Saudi Arabia and Russia. Philipp Hildebrand, BlackRock Vice Chairman & Steven Major, HSBC Fixed Income Research Managing Director, discuss the low interest rate environment. Meredith Sumpter, Eurasia Group Head of Research Strategy, says Chinese leadership is more concerned about containing the coronavirus outbreak than getting the economy back up to speed. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says the bond market is pricing a zero rate interest policy.See omnystudio.com/listener for privacy information.

Mohamed El-Erian, Allianz Chief Economic Adviser & Bloomberg Opinion Columnist, foresees a "whatever it takes" approach for central banks. Francisco Blanch, Bank of America Global Head of Commodities & Derivatives Research, says brent oil could dip into the $20s. John Wraith, UBS Head of U.K. Rates Strategy, says the markets are anticipating rates getting close to zero. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says panicked behavior creates opportunity for investors. Luke Kawa, Bloomberg Corss-Asset Reporter, discusses volatility in the U.S. 10-year yield.See omnystudio.com/listener for privacy information.

Tiffany Wilding, PIMCO US Economist, says growth shock can lead to market panic. Farley Cleghorn, Palladium Health Director, discusses the issues surrounding testing for the coronavirus. Jeff Rosenberg, Senior Portfolio Manager on BlackRock's Systematic Fixed Income Team, says payroll report shows the strength of the economy going into the virus shock. Lawrence Kudlow, National Economic Council Director, says growth is likely to slow, but the virus impact will be temporary.See omnystudio.com/listener for privacy information.

Howard Ward, Gabelli Funds CIO of Growth Equities, says we may reach new lows if earnings go negative. Jeffrey Currie, Goldman Sachs Global Head of Commodities Research, says oil price correction may have run its course. Jim Bianco, Bianco Research and Bloomberg Opinion Columnist, talks rates and when he thinks the market will get to zero. Jean Claude Trichet, Former ECB President, says a coordinated interest-rate cut this week could have induced panic and wasn’t warranted. Tim Ryan, PwC U.S. Chairman and Senior Partner, says the coronavirus is a great example of how CEOs have to be prepared for anything.See omnystudio.com/listener for privacy information.

Jim Caron, Morgan Stanley Investment Management Fixed-Income Portfolio Manager, says we should start getting used to lower yields in the U.S. Howard Dean, Former DNC Chair & Former Governor of Vermont, is incredibly disturbed by the low turnout among younger voters. Julia Coronado, MacroPolicy Perspectives President & Founder, says the Fed is running out ammo and fiscal policymakers will need to pick up the ball. Jared Bernstein, Center on Budget and Policy Senior Fellow, says the U.S. Economy will likely be growing well below trend by the time people vote for U.S. President. David Rubenstein, Carlyle Group Co-Founder & Host of Bloomberg's Peer to Peer Conversations, reflects on his conversation with Yasir Al-Rumayyan, Governor of Saudi Arabia's Public Investment Fund who predicts the fund will grow to $2 trillion by 2030.See omnystudio.com/listener for privacy information.

David Kelly, JPMorgan Asset Management Chief Global Strategist, says we are only in the early chapters of what the coronavirus could mean for the global economy. Chris Verrone, Strategas Partner & Head of Technical & Macro Strategy, says conditions are in place for a tradable low. Mohamed Younis, Gallup Poll Editor in Chief, says 63 percent of Americans agree with the way President Trump is running the economy. Diane Swonk, Grant Thornton Chief Economist, says rate cuts won't be enough to cure the coronavirus crisis.See omnystudio.com/listener for privacy information.

Carl Weinberg, High Frequency Economics Chief Economist & Managing Director discusses the health of the financial system as the coronavirus continues to cloud the outlook for global growth. Terry Haines, Pangaea Policy Advisory Founder says presidential candidate Joe Biden can beat President Trump. Michael Shaoul, Marketfield Asset Management, says the bond market is just as prone to stresses as other parts of the market. Jennifer Rohn, UCL Micro Biologist, says washing hands more important than wearing face mask to protect against coronavirus.See omnystudio.com/listener for privacy information.

Mike Darda, MKM Partners Chief Economist & Macro Strategist, says central banks, by doing nothing, are actually allowing financial conditions to tighten. Bob Michele, JPMorgan AM CIO and Head of Global Fixed Income, Currency & Commodities, says to expect central rate cuts across the globe. Steve Wieting, Citi Private Bank Global Chief Investment Strategist, says fiscal easing is needed to avoid damaging economic potential in times of crisis. Erik Nielsen, Unicredit Group Chief Economist, says there is little monetary policy can do to offset a supply shock. Jim Bianco, Bianco Research President and Macro Strategist, says the coronavirus might be a bigger deal than the financial crisis.See omnystudio.com/listener for privacy information.