Bloomberg Talks

House Speaker Mike Johnson, a Louisiana Republican, discusses the looming federal government shutdown and blames Senate Democrats for political games. He frames the healthcare subsidies debate as a distraction from more pressing issues. Johnson expresses concerns about the economic fallout and the impact on federal workers, insisting they should not be pawns. He describes his good faith negotiations and stresses the importance of civility in Congress, while remaining hopeful for a resolution to restore government functions.

Orlando Bravo, co-founder and managing partner of Thoma Bravo, shares insights from his journey in private equity, highlighting his transition from banking to tech investing. He discusses the impact of AI on the software industry, arguing it will enhance, not replace, software capabilities. Bravo also explores the current shakeout in private equity, emphasizing the importance of operational efficiency and the necessity for firms to sell companies for long-term success. His commitment to Puerto Rico through his foundation underscores a focus on creating opportunities for the community.

Christopher Dembik, a Senior Investment Manager at Pictet Asset Management, shares insights on France's fiscal landscape. He warns that suspending pension reform could severely worsen the country's financial outlook, increasing deficits and pressuring sovereign debt. Dembik discusses how investors are adapting to prolonged political uncertainty and advocates for new elections over a left coalition. He also examines the potential impact on bond markets and advises caution in positioning portfolios given the current economic climate.

Senator Rand Paul, a U.S. Senator from Kentucky and former ophthalmologist, delves into pressing political issues. He plans to co-sponsor a measure to limit military strikes against suspected drug boats, criticizing current policies that lead to violence. Rand discusses his 'Six Penny Plan' for federal budgeting, the implications of government shutdowns, and tariffs impacting small businesses. He shares insights on balancing support for Trump while voicing policy disagreements and predicts a swift resolution to the shutdown.

Baltimore Mayor Brandon Scott, in office since 2020, shares his insights on the city’s remarkable revival story. He highlights a record reduction in crime and a booming economy that generated $4.4B in 2024 alone. Scott discusses the comprehensive violence reduction plan that targets high-risk individuals and details the importance of partnerships with the state and federal support. He emphasizes economic development strategies, including corporate relocations and tech growth, while stressing the need for practical politics that truly connect with communities.

Former U.S. Treasury Secretary Robert Rubin, a seasoned expert in fiscal policy and macroeconomics, shares his insights on tariffs and their implications for the U.S. economy. He discusses the unexpected market reactions to tariffs and their long-term risks to growth. Rubin argues against tariffs as a viable revenue source, highlighting their regressive nature and impact on competitiveness. He emphasizes the need for policies addressing globalization challenges and warns of AI's potential to disrupt the job market. Ultimately, he contemplates the U.S.'s competitive edge amid economic uncertainties.

Jamie Dimon, the influential chairman and CEO of JPMorgan Chase & Co., delves into the transformative power of AI within the banking sector, detailing the bank's significant investments and innovative applications. He foresees AI reshaping job roles and stresses the importance of retraining. Dimon also shares insights on the potential impact of a U.S. government shutdown on markets and discusses the current bull market, inflation risks, and the necessity of adapting to macroeconomic changes.

Ray Dalio, the founder of Bridgewater Associates and a prominent macro investor, shares his insights on today's economic landscape. He discusses the mixed signals from the Fed and suggests gold should constitute 15% of investment portfolios as a solid diversifier. Dalio explores the implications of trade imbalances, tariffs' limited benefits, and their connection to U.S. debt issues. He also compares current global cycles to historical trends, raises concerns about AI market bubbles, and highlights challenges facing China's economy.

Connecticut's Governor Ned Lamont discusses balancing business attraction with social service funding during a government shutdown. He highlights the importance of reliable federal partnerships and outlines risks to programs like WIC and SNAP. Lamont expresses concerns over NYC leadership changes and emphasizes the need for Democratic governors to unite for state support. He also advocates for advanced manufacturing and housing reforms to retain young residents and businesses, all while maintaining budget stability and lower taxes.

Lionel Laurent, an opinion columnist at Bloomberg, joins Marcus Ashworth to dive into France's escalating political crisis under President Macron. They explore the government’s struggle to address its unprecedented budget deficit, which is alarming investors. Laurent discusses the likelihood of snap elections and how growing uncertainty may impact investor confidence. They also examine the far-right’s potential rise and its implications for markets. Amidst public discontent, the conversation highlights the precarious state of French politics.