Bloomberg Surveillance

Thomas Edward Perez, chairman of the Democratic National Committee, discusses today's elections and says President Trump is filling the swamp with his own alligators. Prior to that, Ted Alden, a senior fellow at the Council on Foreign Relations, says the U.S. is a reasonably low-taxed country. Ralph Northam, the lieutenant governor of the state of Virginia, says Trump has released detrimental policies in Washington. Finally, Stephen Kotkin, a professor of history and international affairs at Princeton University, says Russia is at a weak point right now. See omnystudio.com/listener for privacy information.

Francine Lacqua sits down for a conversation with U.S. Commerce Secretary Wilbur Ross following reports of Russia linked investments. Then, Michael McKee discusses NY Fed President William Dudley's recent retirement announcement. Prior to that, Jonathan Golub, Credit Suisse Securities' chief U.S. equity strategist, says the markets are perceiving Jay Powell as a continued Janet Yellen governance. Howard Gleckman, a senior fellow at the Tax Policy Center, says the Republican tax bill's proposed 20 percent corporate tax rate won't survive. Finally, Mohammed Alyahya, a nonresident fellow at the Rafik Hariri Center for the Middle East, says the issue of a Saudi corruption 'Band-Aid' is being torn off but perhaps may lead to uncertainty. See omnystudio.com/listener for privacy information.

Bill Gross, a fund manager at Janus Henderson, says it's getting much harder to generate alpha and the Fed can't raise rates much further before it hurts the economy. Prior to that, Adam Posen, president of the Peterson Institute for International Economics, says there's an 85 percent chance that the GOP tax proposal will go through. Finally, Joachim Fels, a global economic advisor at PIMCO, says we're stuck in the new neutral and there's no escape from the savings glut. See omnystudio.com/listener for privacy information.

Abby Joseph Cohen, Goldman Sachs' senior investment portfolio strategist, says the economy is at a point of structural change and she's disappointed that Janet Yellen won't be picked again for Fed Chair. Danny Blanchflower, a professor at Dartmouth College, says the Bank of England rate raise in an already slowing economy will slow it even more. JPMorgan's John Bilton says the U.S. has a reasonable labor force growth compared to other markets. Finally, Gordon Wood, author of "Friends Divided: John Adams and Thomas Jefferson," says the U.S. really needs a multiparty political system. See omnystudio.com/listener for privacy information.

Scott Galloway, a professor at NYU's Stern School of Business, says it's not a question of can Big Tech become too big, but can it become too powerful. Prior to that, Steven Wieting, Citi Private Bank's chief global investment strategist, says monetary policy won't be the driving force changing economic markets if Jay Powell becomes Fed Chair. Rick Mishkin, a professor at Columbia University's Business School, says Jay Powell would do a terrific job as Fed Chairman, but Janet Yellen would still be better. Finally, Austan Goolsbee, former chairman of the U.S. Council of Economic Advisors, says Congress isn't even remotely trying to get a 1986-style "comprehensive" tax reform. See omnystudio.com/listener for privacy information.

Richard Ben-Veniste, a partner at Mayer Brown and a former Watergate special prosecutor, says George Papadopoulos's indictment was a surprise and that Robert Mueller is running an efficient and appropriate investigation. Prior to that, Richard Clarida, a strategic advisor at PIMCO, says President Trump is choosing from the right group of people in the Fed Chair shortlist. Greg Valliere, Horizon Investments' chief global strategist, says anyone that's been in contact with Papadopoulos will be questioned by the FBI. David Herro, Harris Associates' CIO of international equity, says making Christopher Bailey an executive at Burberry was a mistake. Finally, Jeff Jarvis, a journalism professor at CUNY Graduate School, says it's too early to start government regulation of the internet. See omnystudio.com/listener for privacy information.

Mark Mobius, Templeton Emerging Markets Group's executive chairman, says China is a "planned" economy and the Communist party will step in at any moment of crisis. Prior to that, Christopher Grisanti, founder of Grisanti Capital Management, says Apple will sell a lot of $1,100 phones. Terry Haines, Evercore ISI's managing director, says the world of Washington D.C. won't stop, despite any Trump-Russia related indictments. Finally, Cass Sunstein, a Bloomberg View columnist and the author of "Impeachment: A Citizen's Guide," says the important track to follow in Mueller's indictments is the connection to the White House. See omnystudio.com/listener for privacy information.

Former Republican Presidential candidate Carly Fiorina says Democrats need to get a program and criticizing Donald Trump isn't enough. Prior to that, Vincent Reinhart, Standish Mellon's chief economist, says Jay Powell as a Fed Chair would be different than Jay Powell as a Fed governor. Nathan Sheets, PGIM's chief economist, says China's President Xi has set himself up for not just five years, but 10 years of rule. Paul Hanly Jr, attorney and shareholder at Simmons Hanly Conroy, says Trump's speech on the opioid epidemic was a disappointment. Brian Wieser, a senior research analyst at Pivotal Research, says Twitter suffers from "shiny object syndrome." Finally, Carlyle Group Co-Founder David Rubenstein says it's important that Carlyle maintains its culture through its executive shakeup. See omnystudio.com/listener for privacy information.

Henry Kaufman, president of Kaufman & Co., says robots will replace human labor. George Friedman, chairman of Geopolitical Futures, says it doesn't matter what President Trump wants, NAFTA will ultimately be decided upon by Congress. Finally, Arthur Levitt, former SEC chair, says a single, global model for market research would be spectacular. See omnystudio.com/listener for privacy information.

Ray Dalio, Bridgewater Associates Co-Chairman and Founder discusses his latest book, 'Principles', the future of the Fed and why the worst asset class to be in is cash.See omnystudio.com/listener for privacy information.