Bloomberg Surveillance

Join esteemed guests including Mohamed El-Erian, President of Queens' College, Cambridge, as he discusses how the Fed's data dependency might lead to ongoing market volatility. Pooja Kumra from TD Securities analyzes the ECB's recent rate cuts, while Lindsey Piegza of Stifel and Michael Shaoul of ION Macro Fund dive into the implications of U.S. jobless claims and PPI data. The conversation reveals a keen focus on navigating inflation, employment dynamics, and the intricacies of monetary policy as they explore investment opportunities amid uncertainty.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene and Paul SweeneySeptember 12th, 2024Featuring: Dominic Konstam, Head: Macro Strategy Mizuho Securities USA, brings us into the ECB decisions and gives his outlook for the US economy Nela Richardson, Chief Economist at ADP, reacts to jobless claims and PPI Francine Lacqua, Bloomberg TV host, on her interview with Unicredit's CEO as well as the latest from the ECB and Europe Lisa Mateo on newspapers Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Dominic Konstam and Mohamed El-Erian, experts in global markets and economics, delve into the intriguing world of inflation and corporate pricing strategies. They discuss how these tactics differ from the 1970s inflation dynamics, revealing the complexities of consumer experiences. The conversation shifts to optimism in economic cycles, highlighting stability in interest rates and how the Federal Reserve is navigating current data. Their insights spark a broader discussion on the evolving landscape of market strategies and financial forecasts.

Constance Hunter, a seasoned economic strategist, joins political science expert Wendy Schiller for a deep dive into today's pressing issues. They discuss how inflation affects the service sector, with a surprising spotlight on shelter costs. The duo also explores the economic aftershocks of the pandemic, new tech innovations easing e-commerce, and the dangers of tariff politics—drawing on historical lessons to emphasize the importance of expert guidance for businesses. It's a thought-provoking conversation that merges economics and politics.

Mike Wilson, Chief US Equity Strategist at Morgan Stanley, discusses the shift in the equity market from growth stocks to defensives due to Federal Reserve constraints. Rob Casey offers insights from the Kamala Harris and Donald Trump debate, analyzing its impact on voter sentiment. David Kelly and Steve Ricchiuto weigh in on August CPI data that exceeded estimates, igniting a conversation about inflation's effect on the economy and the challenges facing the Fed in stabilizing the market.

Ebrahim Rahbari, an independent economist and former strategist at Citigroup, shares his expertise on disinflation trends and their potential effects on the U.S. economy. Javier Blas, a Bloomberg Opinion columnist focused on energy markets, delves into the complexities of oil pricing and recent debates surrounding energy policies. The conversation highlights the relationship between CPI data, inflation expectations, and the Federal Reserve's monetary strategies, all while navigating the political implications showcased in the recent Trump-Harris debate.

Kamala Harris, a prominent Democrat and former prosecutor, debated against Donald Trump, the former president and Republican icon. They sparred over critical issues like abortion rights and the January 6 insurrection, with Trump often on the defensive. Harris cleverly used her legal background to challenge Trump, even poking fun at his rally sizes. The discussion also covered economic policies, foreign relations, and strategies to appeal to swing voters, reflecting the contrasting visions for America's future.

Bill Smead is an investment expert celebrated for his unique value investing strategies, while Jennifer Lawless is a political analyst specializing in elections. They discuss market unpredictability and the necessity of patience in investing, using Cinderella as a metaphor. The conversation also dives into the crucial role of women in politics, addressing the challenges they face in representation and the need for support in both politics and business. They highlight innovative tech advancements, linking them to broader societal impacts, particularly for women.

Peter Tchir, head of macro strategy at Academy Securities, discusses the potential for further downside in stocks as market dynamics shift. Evan Roth Smith, founding partner of Slingshot Strategies, offers insights into the upcoming presidential debate and its implications. Jitania Kandhari, deputy CIO at Morgan Stanley, warns that the pace of inflation may become more challenging. Together, they explore how sentiment, economic factors, and political events interconnect, shaping the financial landscape.

Jane Foley, Chief FX Strategist at RaboBank, dives into the effects of rate cuts on the dollar's performance and market dynamics. Jennifer Lawless, Professor at UVA, shares insights about the upcoming presidential debate, focusing on voter expectations. Mark Gurman, Bloomberg's Chief Tech Correspondent, reveals the latest details about Apple's new iPhone and its broader impact on the tech landscape. Together, they explore the intertwining of politics, currency fluctuations, and the tech industry's evolution.