Bloomberg Talks

Jensen Huang, the President and CEO of Nvidia, discusses groundbreaking advancements in AI and graphics processing. He shares insights on the new chip lineup, its mixed reception from investors, and the exciting future of robotics and autonomous vehicles. Huang also reflects on his admiration for Elon Musk and expresses a desire to meet President Trump to aid the administration. With Ed Ludlow, they explore how Nvidia is revolutionizing industries with AI technology, addressing challenges like labor shortages in manufacturing.

Jan Hatzius, the Chief Economist at Goldman Sachs, shares valuable insights into inflation trends and the Federal Reserve's actions. He discusses how the potential tariffs proposed by President-elect Trump could slow down the decrease in inflation. Hatzius also predicts three interest rate cuts this year, despite current market fluctuations. He dives into the economic implications of these tariffs and rising populism in Europe, shedding light on their potential impact on growth and monetary policy.

John Bolton, former UN ambassador and US National Security Advisor, dives into pressing national security issues in the U.S. and the implications of a second Trump administration. He critiques the functioning of the FBI and the significance of qualified appointments in national security roles. Bolton also discusses the critical balance between military advice and civilian leadership, highlighting concerns over Trump's decision-making style. Lastly, he sheds light on Iran's vulnerabilities following Israeli actions and the need to curb terrorism in Syria to maintain regional stability.

Janno Lieber, the Metropolitan Transportation Authority Chair and CEO, dives into New York City's congestion pricing amid legal hurdles and community pushback. He explains how this plan aims to enhance public transportation and streetside services, drawing comparisons with cities like Stockholm and London. The discussion also covers crucial infrastructure investments and initiatives to support low-income residents. Lieber highlights the need for subway safety improvements and the balancing act of urban planning amidst rising traffic challenges.

Seth Carpenter, Chief Economist at Morgan Stanley, dives into the implications of the Trump administration's economic policies. He discusses the complexities of global trade and the potential impact of tariffs on currency and growth. Carpenter also unpacks how technological advancements can boost productivity while navigating economic uncertainty. Additionally, he highlights the effects of immigration on employment and GDP, shedding light on the challenges of economic forecasting leading into 2025.

Bill Dudley delves into the uncertainties surrounding the Federal Reserve as political tides shift from Biden to Trump. He highlights the potential impact of tariffs and deportations on the economy by 2025. The conversation sheds light on the challenges investors face in predicting market impacts, particularly regarding the bond market. Dudley also discusses the complexities of Federal Reserve communication and decision-making amidst labor market fluctuations and inflation.

Dana Telsey dives into the evolving retail landscape as consumer discretionary stocks thrive. She highlights the surge in stealth promotions and shifting consumer behaviors, particularly towards lower-priced items. With the upcoming inauguration of President Trump, Telsey discusses the potential impact of new tariffs and the need for retailers to adapt their supply chains away from China. Seasonal promotions and early advertising tactics play crucial roles in navigating these market challenges.

Mike Wilson, Chief US Equity Strategist at Morgan Stanley, shares his sharp insights on the resilience of the US economy and the current equity market landscape. He discusses the performance disparities between the S&P 500 and equal-weighted S&P, shedding light on the need for a more balanced recovery across sectors. Wilson also highlights the health care sector's influence on market dynamics and the importance of solid earnings revisions. Additionally, he navigates investment strategies amidst volatility, emphasizing the safety of short-duration fixed income and cash.

Claudia Sahm, an economist with New Century Advisors, shares her insights on the economic outlook for 2025. She discusses the upcoming December jobs report and its implications for decision-making. The conversation dives into the importance of real-time data in understanding the labor market and inflation amidst a massive economy. Sahm critiques the Federal Reserve's optimistic views, highlighting the complexities of unemployment stability and the uncertainties that lie ahead without significant policy changes.

Eswar Prasad, a Cornell University trade policy professor and Brookings Institution senior fellow, dives into the effects of Trump's tariffs on global trade dynamics. He discusses potential trade wars and the implications for North America, including GDP and inflation shifts. The conversation also covers the complex balance countries must strike between the U.S. and China, addressing supply chain adjustments and geopolitical consequences of economic fragmentation. Prasad's insights illuminate the intricate dance of modern trade relationships.