Bloomberg Talks

Jamie Dimon, the Chairman and CEO of JPMorgan Chase, shares his insights on navigating the complexities of the current economic climate. He tackles potential recession risks and market volatility, emphasizing the impact of the US-China trade war. Dimon discusses the challenges banks face from non-bank competitors and the importance of innovation in maintaining relevance. He also dives into U.S. deficits and their implications for the dollar's status, while exploring growth opportunities in Europe and the Middle East.

Jim Zelter, President of Apollo Global Management, shares his insights on the retail market's response to Trump's trade policies. He discusses how retail executives are stepping into political conversations to tackle supply chain issues and tariffs. The conversation sheds light on the unequal recovery paths across various economic sectors and the resulting market volatility. Zelter also explores the resilience of private credit, highlighting investment opportunities in technology despite ongoing challenges, providing optimism for investors.

Brian Armstrong, CEO of Coinbase, shares insights on the company's upcoming addition to the S&P 500, emphasizing it as a landmark moment for crypto's legitimacy. He discusses the future of crypto payments and advocates for stablecoin regulation, highlighting its necessity for financial inclusion. Armstrong also touches on the evolving landscape of equity trading and the potential establishment of a U.S. Bitcoin reserve. With optimistic views on bipartisan support, he believes competition will drive innovation in the crypto sector.

In a compelling discussion, Ken Rogoff, a Harvard professor and former IMF Chief Economist, delves into the declining purchasing power of the U.S. dollar. He explores the impacts of rising debt, interest rates, and the influence of cryptocurrencies on global economics. Rogoff highlights the disconnect in public understanding regarding fiscal matters and considers the future of globalization amid political changes. He emphasizes the need for significant fiscal reforms to address the evolving economic landscape and the challenges facing American exceptionalism.

Bill Dudley discusses the complexities facing the Federal Reserve regarding tariffs and their impact on the economy. He emphasizes the need for patience amid uncertainty while navigating economic challenges. The conversation highlights how rising tariffs could influence poverty and affect policy decisions on interest rates. Dudley also sheds light on how these factors might shape the Fed's monetary policy choices ahead of their next meeting.

Nicholas Burns, former U.S. Ambassador to China and current Harvard professor, shares his insights on the escalating U.S.-China trade war, now resembling a trade embargo. He emphasizes the urgency for both nations to negotiate within 90 days to prevent lasting economic decoupling. Burns discusses the broader implications of tariffs, the need for collaboration on the fentanyl crisis, and the complexities of diplomacy in a polarized political climate, stressing the importance of sustained dialogue and reform in U.S. public service.

Ken Griffin, the founder and CEO of Citadel, shares his insights on financial market dynamics and the recent trade tensions between the U.S. and China. He reflects on the volatility faced by investors, noting that sometimes it's wiser to remain in cash rather than engage in active trading. The conversation also delves into U.S. tax policy's impact on economic growth and the balancing act of fostering innovation while managing national deficits. Griffin emphasizes the complex relationship between inflation, job creation, and manufacturing challenges in today's economy.

Rachel Reeves, the UK's Chancellor of the Exchequer, discusses her potential plan to mandate pension funds to invest in UK assets, aiming to boost the domestic economy. She emphasizes voluntary collaborations where major funds commit a portion to local investments, enhancing opportunities in infrastructure and private markets. Reeves also addresses the importance of creating favorable conditions for UK startups amid challenges from tax changes and emphasizes the pivotal role of skilled immigration in economic growth.

Anthony Scaramucci, Founder and Managing Partner at Skybridge Capital, shares his insights on the surging popularity of Bitcoin ETFs. He unpacks the unique features of new cryptocurrency ETFs designed for those hesitant to invest directly in Bitcoin. Scaramucci discusses strategic investment choices through major companies like MicroStrategy and Coinbase, likening Bitcoin to gold and assessing its emerging role as an asset class. He also touches on the evolving crypto legislation landscape and its importance for the U.S. financial system.

Ekaterina Zaharieva, the EU Commissioner for Research, Startups and Innovation, dives into the EU's ambitious plans to enhance research funding and innovation. She discusses strategic initiatives aimed at attracting top talent from the U.S., especially amidst funding cuts there. The conversation highlights the importance of developing a vibrant ecosystem for startups and retaining researchers in fields like AI, bio-economy, and cleantech. Zaharieva also emphasizes the need to bridge the gap between academic research and industry applications, promoting collaboration to drive real-world impact.