Bloomberg Surveillance

James Glassman, JPMorgan Head Economist for Commercial Banking, says he does not like the sound of tariffs.  Antony Phillipson, British Consul General to New York & Her Majesty’s Trade Commissioner for North America, says the U.S. and U.K. should spend more time teaching each other how their trade systems work.  Peter Navarro, White House National Trade Council Director, says the administration's steel and aluminum tariffs are a calculated strategy for the American people. James Hertling, Bloomberg News EMEA Managing Editor, joins to review the news that President Trump will expel 60 Russian diplomats. See omnystudio.com/listener for privacy information.

Lisa Abramowicz is in for Tom Keene while he watches March Madness. Dan Tannebaum, PWC Global Sanctions Leader, says he wants to believe that there's some sort of strategy coming from the White House administration. Ian Bremmer, Eurasia Group Founder, says the most important bilateral relationship in the world (China and the U.S.) has taken a marked turn to the negative. Kona Haque, ED&F Man Head of Research, says she thinks China will continue to take a measured approach. Steve Bell, Bipartisan Policy Center Senior Advisor & Fmr. Senate Budget Committee Staff Director, thinks there are a lot of nerves in the Republican party right now. See omnystudio.com/listener for privacy information.

Lisa Abramowicz fills in for Tom Keene who is on Spring break.Ebrahim Rahbari, Citi Group Head of Global Macroeconomics, says there's a high likelihood of a significant downturn in the economy in the next few years. Lara Rhame, FS Investments Chief U.S. Economist, says when we get optimistic about growth, we should still be realistic. Gary White and Matt Damon, Co-Founders of Water Equity & Water.Org, join us on World Water Day to discuss their microfinance venture. See omnystudio.com/listener for privacy information.

Bloomberg's Lisa Abramowicz fills in for Tom Keene while he's off on Spring break. John Silvia, Wells Fargo Chief Economist, predicts the second half of this year will be challenging for some financial markets. Eileen Burbidge, Passion Capital Partner, says she assumes investors want to hear directly from Mark Zuckerberg or Sheryl Sandberg in the near future. Elsa Lignos, RBC Global Head of FX Strategy, says there will be a lot of attention on the language used in the Fed decision today. Stephanie Miller, Height Securities Senior Vice President, thinks Facebook will confront more of a reckoning with Wall Street than Washington. See omnystudio.com/listener for privacy information.

Bloomberg's Lisa Abramowicz is in for Tom Keene while he's off shopping for bow ties. Richard Windsor, Radio Free Mobile Founder, says contrary to the consumer's general impression, the likes of Facebook and Google are not and have never been free. Brian Levitt, OppenheimerFunds Senior Investment Strategist, continues to believe that equities are the asset class of choice. Diana Choyleva, Enodo Economics Chief Economist, says trade wars are one of the key risks for financial markets this year. James Cakmak, Monness Crespi Hardt & Co. Equity Analyst, says in the short term, Facebook will be in choppy waters.See omnystudio.com/listener for privacy information.

Bloomberg's Lisa Abramowicz is in for Tom Keene while he's off on a tropical vacation. On today's show, Isaac Boltansky, Compass Point Research Director of Policy Research, says the data suggests the Democrats have a tailwind at their back heading into midterms. Bob Michele, JPMorgan Asset Management Chief Investment Officer & Head of Global Fixed Income, Currency, & Commodities, says he can't remember a time when corporate America had as much financial flexibility as it does now. Paul Sweeney, Bloomberg Intelligence Head of North American Research, reports Facebook is ramping up their spending to protect user data. Mark Travis, Intrepid Capital Management President & CEO, says he's opportunistic when it comes to his allocations.See omnystudio.com/listener for privacy information.

Dan Tannebaum, PwC Global Sanctions Leader, says there needs to be a unilateral approach to dealing with Russia. Tony Dwyer, Canaccord Genuity Equity Strategist & Managing Director of U.S. Portfolio Strategy, notes twin deficits do not matter until the yield curve inverts. Douglas Irwin, Dartmouth College Professor of Economics, says trade deficits cannot be fought with protectionist measures.Margaret Brennan, CBS's "Face the Nation" Host, says there are real problems with vacancies at the State Department. See omnystudio.com/listener for privacy information.

Stephen Roach, Yale University Professor, says the U.S. and China need to restart their economic dialogue. Doug Kass, Seabreeze Partners President, thinks Larry Kudlow's new role as National Economic Council Director will be marketing the administration's policies. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says investors are looking at the trade tariffs with a big question mark. Stephanie Wissink, Jefferies Research Analyst & Managing Director, says a number of toy vendors will feel the loss of Toys R Us; the winners will be Amazon and WalMart. See omnystudio.com/listener for privacy information.

Enda Curran, Bloomberg's Chief Asia Economics Correspondent, and Ron Temple, Lazard Asset Management Co-Head & Head of U.S. Equity, discuss China and Trump's tariffs. Kevin Cirilli, Bloomberg Chief Washington Correspondent, joins us from Canonsbury, PA to report on the special election. Bob Sinche, Amherst Pierpont Global Strategist, says this month's retail sales were a bit of a 'clunker.' Admiral James Stavridis, Tufts University Fletcher School Dean & Former NATO Supreme Allied Commander, says the U.S. ought to be combine soft power with hard power to succeed at smart power.See omnystudio.com/listener for privacy information.

Nick Wadhams, Bloomberg State Department & Foreign Policy Reporter, and Marty Schenker, Bloomberg Chief Content Officer, examine Trump's firing of Rex Tillerson. Nick was aboard the former Secretary of State's plane 4 hours prior to this news breaking. Ian Bremmer, Eurasia Group President, expects Mike Pompeo, the newly appointed Secretary of State, to double down on Trump's hard line message. George Friedman, Geopolitical Futures Chairman & Founder, says there has always been tension between the Defense Department, State Department, and CIA. Michael McKee, Bloomberg International Economics & Politics Correspondent, and Vinny Del Guidice, Bloomberg News Data Editor, break down the CPI data. See omnystudio.com/listener for privacy information.