Bloomberg Talks

Nouriel Roubini, CEO of Roubini Macro Associates and NYU Stern professor, unveils his provocative proposal for a North American trade union involving the US, Mexico, and Canada. He discusses how this union could enhance trade and economic integration, particularly amid rising tensions. Roubini weighs the challenges of transitioning from free trade to a full economic union, while also exploring labor dynamics and income disparities. Historical comparisons to the European Union spotlight potential benefits and obstacles, especially in sectors like automotive.

Marc Lasry, the Chairman and CEO of Avenue Capital Management and a key figure in sports investments, discusses the recent $6.1 billion purchase of the Boston Celtics. He highlights the surge of private equity in sports, emphasizing the rising valuations driven by media deals. The conversation explores the increasing popularity and investment in women's sports, showcasing a cultural shift among fans. Lasry also shares insights on the economic landscape affecting sports, illustrating the resilience of the industry during uncertain times.

Mike Wilson, Chief US Equity Strategist at Morgan Stanley, shares his insights on market dynamics during turbulent times. He discusses the S&P's significant overselling and the role of Federal Reserve policies in shaping investor confidence. Mike highlights the potential effects of tax cuts and deregulation on earnings, while also exploring a 'rolling recovery' in low-quality stocks. Additionally, he delves into the influence of currency fluctuations on tech stocks and strategic investment opportunities amid market volatility.

Ayesha Ofori, CEO and founder of Propelle, is on a mission to bridge the investment gap between men and women in the UK. She dives into the rising backlash against diversity and inclusion policies and its impact on women’s financial engagement. The conversation also highlights women's hesitance to invest and the factors behind it, including confidence issues and preferences for saving. Ayesha emphasizes the importance of empowering women through networking and innovative strategies to encourage female-led investments.

The insurance marketplace Lloyd's of London reported profit before tax of £9.6 billion for last year, down £1.1 billion from 2023. Premiums are rising, as insurers watch how global uncertainty over trade, and other challenges like climate change, will affect their industry in the coming year. Lloyd's of London CEO John Neal spoke to hosts Stephen Carroll and Caroline Hepker on Bloomberg Daybreak Europe.See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, caught between mounting concerns that the economy is slowing and inflation could remain stubbornly high.Chair Jerome Powell acknowledged the high degree of uncertainty from President Donald Trump’s significant policy changes, but repeated the central bank is not in a hurry to adjust borrowing costs. He said officials can wait for greater clarity on the impact of those policies on the economy before acting.See omnystudio.com/listener for privacy information.

Ripple Labs CEO Brad Garlinghouse discusses the US Securities and Exchange Commission case against the crypto company has ended, the latest of several enforcement actions that have been abandoned during the early weeks of President Donald Trump’s administration. “This provides a lot of certainty for Ripple,” Garlinghouse said in an interview Wednesday on Bloomberg Television. He estimated that the San Francisco-based blockchain infrastructure company has spent more than $150 million to defend itself. Garlinghouse spoke with Bloomberg's Sonali Basak.See omnystudio.com/listener for privacy information.

Guggenheim Securities Co-Chairman Jim Millstein discusses the latest on the markets with Bloomberg's Sonali Basak and Matt Miller. See omnystudio.com/listener for privacy information.

White House Special Envoy to the Middle East Steve Witkoff discusses the potential for a full ceasefire between Russia and Ukraine. He speaks with Bloomberg's Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern. See omnystudio.com/listener for privacy information.

Chuck Hagel, former U.S. Secretary of Defense under Obama, shares deep insights on current global tensions. He discusses a pivotal call between Trump and Putin, revealing implications for Ukraine and energy attacks. Hagel emphasizes the critical need for U.S. involvement to uphold international order and security dynamics. He also addresses the importance of U.S. soft power in global affairs and warns about its potential decline. His expert perspective highlights the necessity of collaboration and decisive action amidst ongoing conflict.