Bloomberg Surveillance

Howard Ward, Gabelli Funds CIO of Growth Equities, focuses on defensive growth stocks while the Fed is tightening. Betsey Stevenson, University of Michigan Professor & Former Chief Economist of the U.S. Department of Labor from 2010-2011, says wage growth goes mainly to the top end of the income distribution. Timothy O'Brien, Bloomberg Opinion Executive Editor, thinks that the debate around Kavanaugh has moved from sexual harassment to issues regarding his credibility. Larry Kudlow, National Economic Council Director, says unemployment can go lower. See omnystudio.com/listener for privacy information.

We lead today's podcast with a Bloomberg Businessweek scoop: China used a tiny chip to infiltrate almost 30 U.S. companies. Then we turn to Tobias Levkovich, Citigroup Global Markets Chief U.S. Equity Strategist, who notes 75% of S&P revenues are U.S. driven. Max Baucus, Former U.S. Ambassador to China & Former Senator from Montana, says countries will have to reach agreements on technology or this will be "the Wild West." Louise Yamada, Technical Research Advisors, says we're now in a new raising rate cycle. Jordan Robertson, Bloomberg News Global Technology Reporter, breaks down his reporting on China's microchips. And Adam Segal, Council on Foreign Relations Digital & Cyberspace Policy Program Director, says this story will shape upcoming security discussions. See omnystudio.com/listener for privacy information.

Ian Shepherdson, Pantheon Macroeconomics Chief Economist, says people in the U.K. are sick of ten years of conservative austerity. Anna Edwards, Bloomberg Markets European Open Anchor, reports on PM May's speech at the Tory Party Conference. Craig Trudell, Bloomberg Autos Americas Team Leader, gives us a much needed autos update from Michigan. Edward Alden, Council on Foreign Relations Senior Fellow, analyzes the USMCA trade agreement. And David Rubenstein, Carlyle Group Co-Founder & Co-Chairman, previews his upcoming show with Barry Diller.See omnystudio.com/listener for privacy information.

Marc Chandler, Bannockburn Global Forex Chief Market Strategist & Managing Partner, thinks Italy needs growth. Bob Doll, Nuveen Asset Management Senior Portfolio Manager & Chief Equity Strategist, says Fed conversations are getting harder as we approach neutral. Christine Lagarde, IMF Managing Director, is pleased the USMCA exists. Alan Krueger, Princeton Professor of Economics, thinks Amazon is saying, "we are going to be a responsible employer," by raising their minimum wage.See omnystudio.com/listener for privacy information.

Bill Lee, Milken Chief Economist, says the USMCA is an example of the new bilateral approach to negotiations of the U.S. Mary Lovely, Peterson Institute Senior Fellow, says 70% to 100% of the tariffs in autos will fall on consumers. Kimberly Robinson, Bloomberg Law Legal Editor, comments on the political nature of Kavanaugh's speech. Abe Selassie, IMF Director of the African Department, highlights that by 2030 half of the annual increase of the global workforce will come from Sub-Saharan Africa. See omnystudio.com/listener for privacy information.

Barry Eichengreen, University of California Professor Berkeley, analyzes the IMF's future. Alberto Gallo, Algebris Macro Strategies Head, sees little contagion in Europe after the approval of the Italian budget. John Coffee, Columbia Law Professor, says the Tesla board is not strong. Elaine Kamarck, Brookings Institution Senior Fellow, notes the Republicans have no women on the Senate Judiciary Committee. And Shannon Pettypiece, Bloomberg News White House Reporter, updates us on Sen. Flake's decision to confirm Judge Kavanaugh. See omnystudio.com/listener for privacy information.

Thursday’s Senate hearing over sexual assault allegations against Supreme Court nominee Brett Kavanaugh stirs memories of similar testimony from 1991. That’s when Supreme Court nominee Clarence Thomas was called back in his confirmation process to face the sexual misconduct allegations of Anita Hill. Bloomberg’s Bob Moon reports on how this scenario played out 27 years ago.See omnystudio.com/listener for privacy information.

Jane Foley, Rabobank Head of FX Strategy, says the dollar can climb higher. Libby Cantrill, PIMCO Head of Public Policy, is skeptical about Congress ratifying a bilateral trade agreement with Mexico. Peter Chatwell, Mizuho International Head of European Rates Strategy, thinks the ECB could go negative again in the future. And Michelle Meyer, Bank of America Merrill Lynch Head of US Economics, tells us whether to rent or buy property. And Bob Moon, Bloomberg Radio Daybreak Host, joins us to discuss Judge Kavanaugh and 1991. See omnystudio.com/listener for privacy information.

Jeff Currie, Goldman Sachs Global Head of Commodities Research & Partner, says they are bullish on owning oil. Werner Hoyer, European Investment Bank President, says Europe is behind in investment. Michael R. Bloomberg, Former Mayor of New York City & Bloomberg LP Founder, says the U.S. needs to have access to China's markets. Angel Gurria, OECD Secretary General, says it is crucial that trade continuous to drive growth. And Roger Ferguson, TIAA CEO & Former Federal Reserve Vice Chair, discusses the Fed rate decision due this afternoon. See omnystudio.com/listener for privacy information.

Michael Spence, NYU Professor & Nobel Laureate, says China wants to be a positive influence in the developing world. Chris Verrone, Strategas Partner & Head of Technical Strategy, sees discipline in the credit markets. Sarah Ponczek, Bloomberg News Cross Asset Reporter, is watching Facebook shares following the departure of Instagram's founders. Patrick Gregory, Bloomberg Supreme Court Reporter, discusses the latest in the contentious confirmation of Brett Kavanaugh. Erik Schatzker, Bloomberg Editor-at-Large, hops in the booth to discuss the resignation of Argentina's Central Bank Governor Luis Caputo.See omnystudio.com/listener for privacy information.