Bloomberg Surveillance

Bloomberg
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Jan 30, 2017 • 36min

Trump Opposition Crosses Political Lines, George Mitchell Says

George Mitchell, the former U.S. Senate majority leader, says opposition to Donald Trump's executive orders isn't only along political lines. Prior to that, Fawaz Gerges, a professor at the London School of Economics, says Trump's immigration ban is a propaganda boost for ISIS. Nicholas Burns, a professor at Harvard University's Kennedy School, says strong vetting is already in place and Trump's executive order was unnecessary. Edward Alden, a senior fellow at the Council of Foreign Relations, says illegal immigration is back down to levels from the 1960s and 1970s. Finally, Representative Robert Bishop, chairman of the House Energy and Resources Committee, says Secretary of Defense James Mattis has shown that he is willing to work with Congress.See omnystudio.com/listener for privacy information.
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Jan 27, 2017 • 35min

Morgan Stanley's Parker Says Earnings May Rise 18 Percent

Adam Parker, Morgan Stanley's chief U.S. equity strategist, says corporate earnings may increase 18 percent this year and next. Micah Zenko, a strategist at the Council of Foreign Relations, says Russia's Putin wants to push boundaries with U.S. allies. Charles Dumas, TSL Research's chief economist, says reflation is global and not just in the U.S. James Glassman, JPMorgan's senior economist, says 2 percent growth isn't what we're used to in a typical recovery.See omnystudio.com/listener for privacy information.
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Jan 26, 2017 • 44min

DeLong Says Trump's Tax Cuts Will Raise Demand for U.S. Dollars

Berkeley professor Brad DeLong says Donald Trump's big tax cuts will raise demand for U.S. dollars worldwide. Kevin Roberts, the former Saatchi & Saatchi chairman, says Trump capitalized on the people's anger at traditional Washington politics. Finally, Bob Sinche, Amherst Pierpont's global strategist, says China faces challenges and may let the currency soften more.See omnystudio.com/listener for privacy information.
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Jan 25, 2017 • 41min

Alan Blinder Says the Fed Isn't Dysfunctional

Alan Blinder, a professor at Princeton and former Federal Reserve official, says the Fed isn't dysfunctional, despite the Republicans' success at making the government seem that way. Prior to that, James Sweeney, chief economist at Credit Suisse Securities USA LLC, says markets don't believe that protectionism is coming. Brian Jacobsen, Wells Fargo's chief portfolio strategist, says fixed income and emerging markets represent the best investment opportunity. Finally, Alice Rivlin, the former director of the Office of Management and Budget, says we need to boost economic growth and have long-term debt on a stable path.See omnystudio.com/listener for privacy information.
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Jan 24, 2017 • 46min

Sallie Krawcheck Says We're 100 Years From Gender Pay Parity

Sallie Krawcheck, CEO of Ellevest, says we are 100 to 180 years away from gender pay parity, or longer if you're a woman of color. Kevin Logan, HSBC's chief U.S. economist, says the pound is a barometer for Brexit. Brennan Hawken, an analyst at UBS, says Goldman Sachs is most likely to benefit from regulatory adjustments. Finally, Michael Gapen, Barclays' chief U.S. economist, says the Fed is no longer the only game in town.See omnystudio.com/listener for privacy information.
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Jan 23, 2017 • 36min

Surveillance: Trade Wars Would Be a Disaster, Goolsbee Says

Austan Goolsbee, former chairman of the White House Council of Economic Advisers, says the TPP was a renegotiation of NAFTA and that trade wars would be a "disaster." Prior to that, Dean Curnett, CEO of Macro Risk Advisors, says volatility due to politics has been increasing and it's challenging to know how and when some of these risks will make their way into markets. Former HHS Secretary Mike Leavitt says President Trump and the GOP will focus on Medicaid. Finally, David Herro, CIO of Harris Associates, says non-U.S. stocks are more attractive than U.S. in valuation.See omnystudio.com/listener for privacy information.
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Jan 20, 2017 • 40min

Politicians Must Take More Notice of Inclusion, Deaton Says

From the World Economic Forum in Davos, Angus Deaton, a professor at Princeton and a Nobel Laureate, says African American and Hispanic mortality rates are falling like a "stone." Prior to that, Laura Tyson, a professor at Berkeley, says something big will be done in corporate tax cuts under Donald Trump. Toby Cosgrove, CEO of Cleveland Clinic, says the Veterans Affairs has many issues. Then, Martin Sorrell, CEO of WPP, says there may be a Keynesian-type boom under Trump. Finally, Carlos Gutierrez, former U.S. secretary of commerce, says it's important for Trump to be humble as he begins his presidency.See omnystudio.com/listener for privacy information.
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Jan 19, 2017 • 46min

Davos Special: Trump Has Picked Smart People, Dalio Says

Ray Dalio, Bridgewater Associates' founder, says populism is a global phenomenon. Harvard Professor Michael Porter says he rejects the idea that America wants angry populism. Admiral James Stavridis says NATO won't collapse under Donald Trump. Christopher Eisgruber, president of Princeton University, says 80 percent of Princeton students are graduating with zero debt. Nicholas Stern, former UK government climate change czar, says the world can cut emissions 20 percent and double GDP in 20 years. Finally, Carmen Reinhart, a professor at Harvard University, says China is fighting depreciation and capital flight is not entirely in their control.See omnystudio.com/listener for privacy information.
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Jan 18, 2017 • 56min

Davos Special: Trump Is Against Capitalism, Roubini Says

Nouriel Roubini, a professor at NYU's Stern School of Business, discusses Donald Trump and says France's Le Pen would be the end of Europe. Prior to that, Joseph Stiglitz, a professor at Columbia University's School of International and Public Affairs, says the rule of law is an issue under Trump's presidency. Harvard's Kenneth Rogoff says he's concerned about the new administration's relationship with the Fed. Then, Robert Shiller, a Nobel economist and Yale professor, says Trump brings uncertainty and inspiration at the same time. David Lipton, the IMF's first deputy managing director, says interconnectedness has helped people achieve higher living standards. Finally, John Studzinski, vice-chair of the Blackstone Group, says Davos is the 1 percent of the 1 percent talking to themselves with no one represented from the other 99 percent -- and having more youth in the room in Davos would make a big difference.See omnystudio.com/listener for privacy information.
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Jan 17, 2017 • 35min

Davos Special: Rubenstein Says Nationalism Affects Big Banks

JPM International Chairman Jacob Frenkel said we are close to being out of the financial crisis. Richard Edelman, Edelman President & CEO, said trust has imploded in institutions and media has become part of the elite. David Rubenstein, Carlyle Group Co-Founder, said there is a lot of angst in the global middle class. Qualcomm Chairman Paul Jacobs said 5G will be driven by the end markets and will move beyond just phones and into drones and robots. Skybridge Co-Managing Partner Anthony Scaramucci said President-Elect Trump wants to equalize and create symmetry in trading relationships.See omnystudio.com/listener for privacy information.

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