Bloomberg Surveillance

William Blair's Nick Heymann tells Tom Keene and David Gura why GE is "hands down" the number one large cap pick. Prior to that, Nicholas Burns, a professor at Harvard's Kennedy School, says the U.K. is searching for an identity. Robert Sinche, a global strategist at Amherst Pierpont, says markets are underestimating the Fed. Finally, Jeff Sprague, the founder of Vertical Research Partners, says GE's cash flow isn't poor but there's been a large disconnect with earnings.See omnystudio.com/listener for privacy information.

Jeffrey Rosenberg, BlockRock's chief fixed income strategist, says the U.K. election results raise uncertainty of a hard or soft Brexit. Prior to that, Willem Buiter, Citi's chief economist, says Theresa May has a lot to prove or else she "won't last long." Chris Swecker, the former assistant director of the FBI, says James Comey showed weakness by not pushing back against Trump's requests. Finally, Thomas Wright, a senior fellow of foreign policy at the Brookings Institution, says many of Trump's actions are reversible.See omnystudio.com/listener for privacy information.

Terry Haines, Evercore ISI's senior political strategist, says James Comey is under obligation to say everything he knows, but could save some comments for a closed session. Prior to that, William Gavin, the former assistant director of the FBI, says Trump understands he must have a competent and capable U.S. law agency. Praveen Korapaty, Credit Suisse's head of global interest rate strategy, says both the Fed and the ECB have inflation problems. Gabriel Stein, 4CAST-RGE's developed-market research team head, says the Bundesbank is confused yet happy about the ECB's one hawkish move. Finally, Greg Valliere, Horizon Investments' chief global strategist, and Bloomberg's Marty Schenker discuss the Comey testimony.See omnystudio.com/listener for privacy information.

Janus Henderson fund manager Bill Gross says risk from turmoil in Washington is a consideration for investors and could slow U.S. economic growth. Prior to that, Brian Belski, BMO Capital Markets' chief investment strategist, says financial stocks are the best place to be for investors. Charles Dumas, TSLombard's chief economist, says China's growth rate will be modified to something more achievable. Finally, Jim McCaughan, Principal Global Investors' CEO, says a recession isn't imminent, but people have to watch carefully into 2018.See omnystudio.com/listener for privacy information.

Jerry Brown, governor of California, says China's rising power and U.S. division has reduced America's global merit. Prior to that, Joseph Quinlan, head of market and thematic strategy at Bank of America Merrill Lynch and U.S. Trust, says banks are good value and underowned. Edward Alden, a senior fellow at the Council on Foreign Relations, says some of Trump's views on trade have value. James Stavridis, dean of the Fletcher School at Tufts University, says it's not clear if Trump's listening to the nuanced advice from his team at the top. Finally, Tim Cook, Apple's CEO, spoke exclusively with Bloomberg Technology anchor Emily Chang on his relationship with Trump and why pulling out from the Paris Agreement was the "wrong choice."See omnystudio.com/listener for privacy information.

Lawrence Summers, the former U.S. Treasury Secretary, says he's troubled by the Trump administration. Prior to that, Stephen King, HSBC's senior economic adviser, says technology doesn't guarantee globalization. Terry Haines, Evercore ISI's senior political strategist, says markets are concerned after having a steady administration for eight years. Finally, Richard Haass, the president of the Council on Foreign Relations, says "gremlins" have gotten into the Oval Office with a degree of dangerous unruliness.See omnystudio.com/listener for privacy information.

Bill Gross, a fund manager at Janus Henderson, says the job data was weaker than expected, but the Fed will still raise rates. Prior to that, Jeffrey Sachs, a professor at Columbia University, and Julia Coronado, the founder and president of MacroPolicy Perspectives, discuss the Fed's timeline and the impact of manufacturing innovation in the U.S. Finally, David Einhorn, the president of Greenlight Capital, says GM's capital structure is inefficient.See omnystudio.com/listener for privacy information.

Former EPA administrator Christine Todd Whitman says dropping out of the accord could undercut America's position in the world. Prior to that, Brian Levitt, OppenheimerFunds' senior investment strategist, says stocks are still cheap. Andrew Balls, PIMCO's CIO of global fixed income, says higher rates will come in the U.K. Finally, Steven Cohen, executive director of Columbia University's Earth Institute, says greenhouse gasses will decline no matter what Trump decides on the Paris Agreement.See omnystudio.com/listener for privacy information.

From the Council on Foreign Relations in New York City, Dallas Fed President Robert Kaplan tells Tom Keene that the Fed should tighten policy patiently and gradually. He also says the central bank should begin unwinding its balance sheet later this year.See omnystudio.com/listener for privacy information.

Ryanair CEO Michael O'Leary says British Airways' problems lie in its disaster recovery program, not outsourcing. Prior to that, Tobias Levkovich, Citigroup's chief U.S. equity strategist, says a lack of productivity is disturbing. Charles Calomiris, a professor at Columbia Business School, says Trump's instincts on financial regulation are right, even though his ideas aren't fully formed. David Herro, Harris Associates' CIO of International Equity, says we've been using monetary policy incorrectly and relying on it too much. Finally, Graham Allison, a professor at Harvard's Kennedy School, says ensuring that NATO is a good partner with the U.S. will be difficult and take a long time.See omnystudio.com/listener for privacy information.