Bloomberg Surveillance

Patrick Harker, Federal Reserve Bank of Philadelphia President, says there are some risks to keeping rates too low for too long. Troy Gayeski, Skybridge Capital Co-CIO, says it might be a year where success or failure is determined by whether or not you had a meaningful position in bitcoin. Beata Kirr, AB Co-Head of Investment Strategies, says it's a mistake to be a U.S.-only investor. Robert Tipp, PGIM Chief Investment Strategist & Head of Global Bonds, explains why the belly of the yield curve is under pressure.

Alan Gelder, Wood Mackenzie Vice President of Refining, Chemicals & Oil Markets, says the blockage at the Suez Canal could last over a week. Mohamed Younis, Gallup Editor in Chief, says China is viewed as the greatest enemy by 45% of the U.S. Seema Shah, Principal Global Investments Chief Strategist, says retail investors are important. Nathan Sheets, PGIM Chief Economist & Head of Global Macroeconomic Research, says the pandemic has taught firms to have more diversified supply chains.

Michael O'Leary, Ryanair CEO, is optimistic about the recovery of short-haul travel between the U.K. and Europe this summer. Representative Don Beyer, U.S. Congress Join Economic Committee Chair, says he is aiming for input from both Republicans and Democrats for the infrastructure bill. Mona Mahajan, Allianz Global Investors U.S. Investment Strategist, says 2021 has been a story about the rotation into value. Torsten Slok, Apollo Management Chief Economist, says the U.S. economy is nowhere near significant overheating. David Rubenstein, Carlyle Group Co-Founder & Host of "Peer to Peer Conversations," discusses his conversation with Estée Lauder Chairman Emeritus Leonard Lauder.

Megan Greene, Harvard Kennedy School Senior Fellow, says the Fed will likely hike rates before its own forecast. Dr. Amesh Adalja, Johns Hopkins Center for Health Security Senior Scholar, doesn't the the uptrend of virus cases in Europe coming to the U.S. Ann Miletti, Wells Fargo Asset Management Head of Active Equity, says innovation will continue to be an important driver for earnings and cash flow. Don Mullen, Pretium CEO & Founder, says we are in the early days of market opportunity.

Ruud Dobber, AstraZeneca U.S. President, says the company's Covid-19 vaccine is safe and effective. Heather Boushey, U.S. Council of Economic Advisers Member, says this economic crisis isn't over. Bob Michele, JPMorgan Asset Management CIO, Managing Director and Head of GFICC, thinks we've seen the first steps for the Fed tightening monetary policy. Robert Hormats, Tiedemann Advisors Managing Director, says the U.S. may ramp up pressure on China. Lara Rhame, FS Investments Chief U.S. Economist, says it would be a mistake to assume the U.S. can sustain growth at these astronomic levels.

Ian Bremmer, Eurasia Group and GZero Media President, says there is agreement across the U.S. political spectrum that China is the most the most critical adversary of the United States. Dr. Peter Hotez, Baylor College of Medicine National School of Tropical Medicine Dean and Co-Director of the Center for Vaccine Development at Texas Children's Hospital, says the vaccine rollout in Europe has been abysmal. Helane Becker, Cowen Managing Director & Senior Analyst for Equity Research, says airlines are now in control of their own destinies. Brian Levitt, Invesco Global Market Strategist, expects inflation pressures to fade.

Adam Posen, Peterson Institute President, says 7% GDP is inherently going to be transitory. David Rosenberg, Rosenberg Research and Associates Chief Economist & Founder, says this pandemic is not over. Daniel Tannebaum, Oliver Wyman Partner & Americas Anti-Financial Crime Leader, reacts to the spat between U.S. President Biden and Russian President Putin. Michael Darda, MKM Partners Chief Economist & Macro Strategist, expects the Fed will tighten next year.

Jan Hatzius, Goldman Sachs Chief Economist & Head of Global Investment Research, expects a rapid recovery in 2021. Glenn Hubbard, Columbia University Professor & Former Chairman of the Council of Economic Advisors, says the U.S. needs more sustainable fiscal policy. Andrew Sheets, Morgan Stanley Chief Cross Asset Strategist, expects the economy to burn hotter and shorter. Randy Kroszner, University of Chicago Booth School of Business Professor of Economics, it is still uncertain whether inflation expectations could become unanchored. Lauren Sauer, Johns Hopkins Assistant Professor of Emergency Medicine, says we have to target the most vulnerable for vaccines.

Bharat Ramamurti, U.S. National Economic Council Deputy Director, outlines why Biden plans to ensure wealthier taxpayers pay more. Patricia Mosser, Columbia University Professor & Former Federal Reserve Bank of New York Senior Official, says higher real interest rates and inflation expectations have been good news from a macroeconomic standpoint. Ian Lyngen, BMO Head of U.S. Rates Strategy, says he could see a situation in which the Fed gives the green light to the bear re-steepening. Dr. Amesh Adalja, Johns Hopkins Center for Health Security Senior Scholar, says suspending the AstraZeneca vaccine is the wrong decision.

Ben Laidler, Tower Hudson Research CEO, says the rotation has just begun. David Rubenstein, Carlyle Group Founder, says we could see a return to some type of normality by the fall. Noelle Corum, Invesco Portfolio Manager, says we could see more rates volatility from here. Mike Mayo, Wells Fargo Securities Head of U.S. Large-Cap Bank Research, explains why he increased his price target on JPMorgan to the highest on the street.

Rick Bright, The Rockefeller Foundation Pandemic Prevention and Response Senior Vice President, says he's seen a complete 180 degree turnaround between the Biden and Trump administrations in their response to coronavirus. Michael Holland, Holland & Company Chairman, says we are in the early stages of a major recovery. Anna Han, Wells Fargo Securities Equity Strategist, says she is focused on earnings expectations. Blerina Uruci, Barclays Senior U.S. Economist, sifts through inflation concerns explaining sometimes the narrative is more dramatic than actual changes in the underlying data.

Sarah Bianchi, Evercore ISI Head of U.S. Public Policy, says the era of U.S. gridlock is not over. Kallum Pickering, Berenberg Senior Economist, says the underlying risks to the economy are still significant. Sebastien Page, T Rowe Price Multi Asset Strategist, says rising rates are an unknown for markets. Jason Farley, Johns Hopkins Nursing Professor, says the risk of blood clots from Covid-19 rises with age.

Jared Bernstein, U.S. Council of Economic Advisors Member, says Biden's rescue plan is critical for a reliable recovery. Bruce Kasman, JPMorgan Chief Economist & Head of Global Economic Research, sees both the U.S. and western Europe booming over the next couple of quarters. James Stavridis, Bloomberg Opinion Columnist & Former NATO Supreme Allied Commander, says the U.S. has to confront China where it must, but cooperate where it can. Michael Nathanson & Craig Moffett, MoffettNathanson Founding Partners & Senior Research Analysts, discuss the future of cord-cutting and direct-to-consumer. Gabriela Santos, JPMorgan Investment Management Global Market Strategist, says we are just seeing a correction in Chinese markets.

Laurence Boone, OECD Chief Economist, says the U.S. stimulus package will help power a faster than expected global economic upswing. Mark McCormick, TD Bank Global Head of FX Strategy, is bullish on the dollar versus the euro. Jim Paulsen, Leuthold Weeden Capital Management Chief Investment Officer, says 2022 will be an adjustment year for markets. Dr. Amesh Adalja, Johns Hopkins Center for Health Security Senior Scholar, says the CDC guideline show why vaccines are so important.

Abby Joseph Cohen, Goldman Sachs Advisory Director and Senior Investment Strategist, says she still sees potential in equities. Deborah Fuller, University of Washington School of Medicine Microbiology Professor, says a pan-virus vaccine needs to be developed. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, says zombie companies are living off fumes. Michelle Meyer, BofA Securities Head of U.S. Economics, says consumers will drive U.S. economic growth. Valerie Grant, AllianceBernstein Senior Portfolio Manager: Responsible Investing, discusses empowering women in finance.

Jared Bernstein, U.S. Council of Economic Advisers Member, says the details surrounding stimulus payments are still under review. Savita Subramanian, BofA Securities Head of U.S. Equity & Quantitative Strategy, says there are real risks in the S&P 500 and the NASDAQ. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says the Fed needs to be more forceful. Priya Misra, TD Securities Global Head of Rates Strategy, thinks rates will keep rising until we get persistent tightening of financial conditions.

Olaf Scholz, German Finance Minister, says Germany will need to increase debt spending this year to help tackle the impact of the coronavirus crisis on Europe’s largest economy. Danny Blanchflower, Dartmouth College Professor of Economics, says wage growth is the big story going forward. Dr. Peter Hotez, Baylor College of Medicine National School of Tropical Medicine Dean, says a fourth coronavirus wave is possible. Chris Marangi, Gabelli Funds Co-Chief Investment Officer says the era of low rates, low inflation and good growth is over.

Michael Feroli, JPMorgan Securities Chief U.S. Economist, says above trend GDP growth will likely persist. Alicia Levine, BNY Mellon Chief Strategist, says this will be a difficult year for the Fed. Greg Peters, PGIM Senior Portfolio Manager, says the real yield matters more than inflation dynamics right now. Francisco Blanch, BofA Securities Head of Global Commodities and Derivatives Research, says metals still have quite a run ahead.

Jamie Dimon, JPMorgan Chase Chairman & CEO, says that getting through Covid is critical. Ebrahim Rahbari, Citi Global Head of FX Analysis, says the weight of the global recovery is shifting toward the U.S. David Kostin, Goldman Sachs Chief U.S. Equity Strategist, says cyclicals will lead the market. Sarah House, Wells Fargo Senior Economist, is looking for 6% GDP this year. Dr. Amesh Adalja, Johns Hopkins Center for Health Security Senior Scholar, says our current coronavirus vaccines are likely to prevent new variants.

Lori Calvasina, RBC Capital Markets Head of Equity Strategy, says the bond rout does not erode the case for equities yet. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, says the cost of corporate borrowing continues to improve even though treasury yields are higher. Dr. Jennifer Nuzzo, Johns Hopkins Center for Health Security Senior Scholar, discusses the challanges surrounding vaccine distribution. Greg Valliere, AGF Investments Chief U.S. Policy Strategist, says the $1.9 trillion stimulus package is too much.

Marvin Loh, State Street Global Macro Strategist, says the market is pushing against the Fed's ability. Ian Lyngen, BMO Capital Markets Head of U.S. Rates Strategy, says the level of repricing we've seen in the bond market has historically been linked with a shift in monetary policy. Representative Ashley Hinson, Republican from Iowa, says we need to get kids back into schools. Susan Lund, McKinsey Global Institute Partner, says the demans for low-wage workers may go down.

David Malpass, World Bank President, says the inequality in the global recovery is striking. Tony Crescenzi, PIMCO Market Strategist, Portfolio Manager & Member of the Firm's Investment Committee, says the rise in real interest rates is not affecting broader markets. Frances Donald, Manulife Investment Management Global Chief Economist & Head of Macroeconomic Strategy, says negative real yields are unsustainable. Yuli Edelstein, Israeli Health Minister, says the country is crossing the line of 50% of the population getting at least a first vaccination shot.

Rebecca Patterson, Bridgewater Director of Investment Research, says the S&P is not likely in a bubble overall. Rep. Bryan Steil, Republican from Wisconsin, says the number one thing we can do to free up the labor market is to get our children back in school. David Lebovitz, JPMorgan Asset Management Global Market Strategist, sas 2021 is going to be the year where the global economy booms. David Rubenstein, Carlyle Group Co-Founder & Peer-to-Peer Host, discusses his interview José Andrés, ThinkFoodGroup chef and owner and World Central Kitchen founder, about ending the hunger crisis in America.

Jeff Currie, Goldman Sachs Global Head of Commodities Research, says part of what is pushing commodities higher is demand to hedge inflation risk. Brian Deese, National Economic Council Director, says inflation is a risk that bears watching. Michael Kushma, Morgan Stanley CIO of Global Fixed Income, says boom conditions could continue. Dr. Amesh Adalja, Johns Hopkins Center for Health Security Senior Scholar, says this coronavirus is not an eradicable disease.

Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says this year will be all about the relative vs. absolute performance of stocks. Megan Greene, Harvard Kennedy School Senior Fellow, says the ideas of potential growth and economic equilibrium might be antiquated. Joshua Sharfstein, Johns Hopkins Bloomberg School of Public Health Vice Dean, says there is some evidence that the new variants may be more lethal, but it doesn't change the fundamental epidemiology of the virus. Diana Amoa, JPMorgan Asset Management Senior Fixed Income Portfolio Manager, says liquidity is not an issue right now.

Representative French Hill, Republican from Arkansas, discusses what changes might come about from the GameStop hearing yesterday. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says the biggest delta for the economy this year is what the consumer does. Bob Miller, BlackRock Head of Americas Fundamental Fixed Income, says pent-up demand is about to be unleashed. Robert Tipp, PGIM Chief Investment Strategist, says there are signs of excess in the market.

Leon Cooperman, Omega Family Office Chairman & CEO, doesn't see the market turmoil that formed around GameStop as a rich versus poor story. Dennis Gartman, University of Akron Endowment Fund Chairman & Former Editor of The Gartman Letter, says a commodities bull market has begun. Jim Bianco, Bianco Research President, says economists are starting to pick up on the idea that the supercycle has turned. Representative Gregory Meeks, Democrat from New York, says the GameStop hearing will inquire about whether hedge funds did any harm.

Nouriel Roubini, NYU Stern School of Business Professor & Nourieltoday.Com Host, says the Flintstones had a better monetary policy system than Bitcoin. Paul Sankey, Sankey Research Founder and Lead Analyst, says the situation in Texas is an energy crisis. Michael Gapen, Barclays Chief U.S. Economist, says he is looking for solid growth this year. Lauren Sauer, Johns Hopkins Assistant Professor of Emergency Medicine, says we must readjust what normal looks like. Charles Kantor, Neuberger Berman Long Short Fund Senior Portfolio Manager, says the opportunity to short is large.

Jim Wright, Texas Railroad Commissioner, both fossil fuels and renewable energy have a place in Texas. Alan Ruskin Deutsche Bank Chief International Strategist, says there is good reason to be bearish in bonds. Gideon Rose, Former Foreign Affairs Editor & CFR Distinguished Fellow, says the U.S. is just beginning to piece back together the pieces of its fragmented power. Mandy Xu, Credit Suisse Chief Equity Derivatives Strategist, says the Fed will continue to remain patient this year.

Daniel Fuss, Loomis Sayles Vice Chairman, discusses the outlook for U.S. inflation and fixed income investment strategy. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, says a pullback may be coming in April. Democratic Congressman Dwight Evans of Pennsylvania, says the vaccine rollout is moving in the right direction. Diane Swonk, Grant Thornton Chief Economist, says growth this year could be the strongest since 1984. Michael Nathanson, MoffettNathanson Founding Partner & Senior Research Analyst, says Disney+ adoption has been stronger than imagined.

William Dudley, Bloomberg Opinion Columnist & Former New York Fed President, says the U.S. economic and labor market recovery could happen faster than people think. Dan Ives, Wedbush Securities Analyst, sees a tidal wave of tech M&A coming. Greg Boutle, BNP Paribas U.S. Head of Equity & Derivative Strategy, discusses recent changes in market volatility. Heidi Shierholz, Economic Policy Institute Senior Economist & Director of Policy, discusses what it will take to get the labor market back on track.

Liz Ann Sonders, Charles Schwab Chief Investment Strategist, says flows are shifting towards a recovery focus. Dr. Albert Ko, Yale School of Medicine Department Chair & Professor of Epidemiology and of Medicine, says he's worried the vaccine rollout may amplify inequity. Michelle Meyer, BofA Securities Head of U.S. Economics, discusses the pandemic’s impact on inflation. Mary Barra, General Motors Chairman & CEO, says 2021 will be a year of execution.

Robert Kaplan, Federal Reserve Bank of Dallas President, expects temporary inflation spikes as the U.S. economy recovers from the coronavirus crisis. Troy Gayeski, Skybridge Capital Co-CIO, says massive money supply is driving all risk assets higher. Mike McGlone, Bloomberg Intelligence Commodity Strategist, discusses where Bitcoin is headed next. Julie Norman, University College London Political Science Professor, discusses the different movements in the Republican Party as Trump's second impeachment trial begins.

James Sweeney, Credit Suisse Chief Economist, says don't fear inflation. David Rosenberg, Rosenberg Research Chief Economist & Strategist, says he's surprised how quickly the market is pricing in an inflation cycle. Amrita Sen, Energy Aspects Director of Research, discusses what's driving oil's remarkable rebound. Ethan Harris, Bank of America Securities Head of Global Economic Research, discusses the risk of too much stimulus.

Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund says the January jobs report doesn't change the overall narrative for more fiscal policy.Henrietta Treyz, Veda Partners Director of Economic Policy Research, explains why an infrastructure package will be hard to pass. Tiffany Wilding, PIMCO Chief U.S. Economist, discusses the pandemic-related distortions in the jobs data. Heather Boushey, U.S. Council of Economic Advisers Member, says the jobs numbers underscore the cost of inaction.

Neil Dutta, Renaissance Macro Research Head of Economics, explains his bullish call on the U.S. economy. Dr. Tammy Lundstrom, Trinity Health Chief Medical Officer, says she's confident in the two-dose vaccination strategy. Republican Congressman Andy Barr of Kentucky discusses the GOP power struggle, stimulus efforts, and the recent market volatility. Dana Peterson, Conference Board Chief Economist, says there's scope for scarring in the labor market. Bill Pepitone, New York City Mayoral Candidate, says his first task would be to bring back public safety.

Jared Bernstein, a member of the White House Council of Economic Advisers, says much of the Biden administration's pandemic relief bill is "targeted at those at the bottom leg of this K-shaped recovery." William Dudley, Bloomberg Opinion Columnist and Former New York Fed President, doesn't expect the Fed to act until late 2021 or early 2022. Tom Forte, D.A. Davidson Senior Research Analyst, discusses Jeff Bezos' surprise resignation and his successor Andy Jassy, head of Amazon Web Services. Kristen Bitterly, Citi Private Bank Head of Capital Markets for the Americas, sees a lot of cash on the sidelines.

Chris Grisanti, MAI Capital Management Chief Equity Strategist and Senior Portfolio Manager, says markets are working well despite the Reddit-fueled frenzy. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, expects gradual increase in 10-year yield this year. Deborah Fuller, University of Washington School of Medicine Microbiology Professor, says the coronavirus will be endemic. Jeffrey Currie, Goldman Sachs Global Head of Commodities Research, likes the "fundamental story" behind silver.

Mona Mahajan, Allianz Global Investors U.S. Investment Strategist, sees no signals that the Reddit revolt will spark a systemic risk to the broader market. David Axelrod, Ballard Spahr Partner and former Supervisory Trial Counsel at the SEC, examines what’s legal and illegal in the GameStop case. Torsten Slok, Apollo Management Chief Economist, says it's premature to worry about inflation at this point. Mike McGlone, Bloomberg Intelligence Commodity Strategist, discusses the rally in silver as the retail trading frenzy spills into commodities.

Jim Paulsen, The Leuthold Group Chief Investment Strategist, says the Reddit revolt is another illustration of the impact and power of technology. Vitor Gaspar, IMF Director of Fiscal Affairs Department, says the U.S. has ample room for additional fiscal stimulus. Hemi Tewarson, Duke-Margolis Center for Health Policy Visiting Senior Policy Fellow, discusses efforts to improve the vaccine rollout. Mariana Mazzucato, UCL Professor in the Economics of Innovation & Public Value and Author of "Mission Economy: A Moonshot Guide to Changing Capitalism," discusses the new rules and myths of capitalism.

Steen Jakobsen, Saxo Bank CIO, explains the "social revolution" underway as the battle between retail investors and hedge funds continues. Shannon Cross, Cross Research Analyst, says big tech results show the consumer has been extremely resilient. Andrew Sheets, Morgan Stanley Chief Cross-Asset Strategist, says broader fundamental trends remain intact and important. James Angel, Georgetown University Professor, discusses how regulators may address the volatility in the markets. Frederic Mishkin, Former Federal Reserve Governor & Columbia University Professor, discusses the debate over whether central bank stimulus has created asset bubbles.

Bob Prince, Bridgewater Co-CIO, says the world is seeing a massive rebalancing of wealth. Ann Miletti, Wells Fargo Asset Management Head of Active Equity, says fundamentals still matter. Catherine Mann, Citi Global Chief Economist, says the hammer may come down on zombie firms next year. Elaine Stokes, Loomis Sayles Portfolio Manager & Co-Head of the Full Discretion Team, says it's time for the Fed to pass the baton to fiscal policy. Arthur Levitt, Former SEC Chairman, discusses the ways that securities regulators can contribute to a wiser investing public.

Gita Gopinath, IMF Chief Economist, says President Joe Biden’s $1.9 trillion stimulus plan could boost U.S. GDP by 5% over three years. Lawrence Gostin, Georgetown University Professor, says public-private partnerships helped match the challenge that Covid-19 brought to the U.S. and they are the way forward. Tina Fordham, Avonhurst Partner and Head of Global Political Strategy, says we are currently in a volatile period as a result of a global pandemic leading to political disruption and extremism. Chris Hyzy, Merrill and Bank of America Private Bank Chief Investment Officer, sees the "maverick bull market" continuing.

Deborah Fuller, University of Washington School of Medicine Microbiology Professor, discusses the efficacy of Covid-19 vaccines on new strains. George Magnus, Oxford University China Centre Research Associate, says the new U.S. administration will bring a change in tone towards China but not of substance. Republican Congressman Bryan Steil of Wisconsin calls for targeted relief measures. Democratic Congressman Dwight Evans of Pennsylvania says Congress can balance virus relief and the impeachment trial. Doug Kass, Seabreeze Partners President, says pandemic-era central banking has put earnings season on the back burner.

Patrick Foye, MTA Chairman & CEO, says he's optimistic about receiving additional federal aid. Kathy Hochul, New York Lieutenant Governor, urges the federal government to increase vaccine supply. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says the next step in the recession playbook is a consolidation. Steve Eisman, Eisman Group Neuberger Berman Senior Portfolio Manager, discusses his skepticism of Bitcoin and SPACs.

Alberto Gallo, Algebris Investments Portfolio Manager, discusses fiscal policy and the risks of secular stagnation. Michael Holland, Holland & Co. Chairman, says tech companies will have some comeuppance over the next year, but will overall be okay. Jane Foley, Rabobank Head of FX Strategy, warns of the risks facing policy in a period of low growth and inflation. Kenneth Rogoff, Harvard University Professor and Former IMF Chief Economist, discusses the fiscal state of the U.S. and his skepticism of Bitcoin.

Greg Valliere, AFG Investments Chief U.S. Policy Strategist, says Trump’s pending Senate impeachment trial will complicate any efforts for unity. Alicia Levine, BNY Mellon Chief Strategist, says a spending boom is coming in the U.S. Bloomberg Contributors Jeanne Sheehan Zaino and Rick Davis discuss Trump's farewell remarks and Biden's agenda. Henrietta Treyz, Veda Partners Director of Economic Policy Research, examines the biggest policy battles facing the Biden administration.

Christian Bolu, Autonomous Research Senior Analyst, discusses key growth drivers shaping the banking industry. Brent Schutte, Northwestern Mutual Wealth Management Chief Investment Strategist, says investors should focus on real returns. Leland Miller, China Beige Book CEO, dissects China's GDP data. Dr. Grace Lee, Stanford University School of Medicine Professor of Pediatrics, discusses Covid-19 vaccine safety, efficacy and trials for children.

Ken Leon, CFRA Global Director of Equity Research, says there has been an acceleration in Main Street banking. Daniel Morris, BNP Paribas Asset Management Chief Market Strategist, discusses what could trigger a market pullback this year. Alison Williams, Bloomberg Intelligence Senior Banks Analyst, says higher spending is one key story developing in the banking sector. Barry Ritholtz, Bloomberg Opinion Columnist & Ritholtz Wealth Management Founder, examines the risk and reward of new asset classes such as SPACs.

Sam Stovall, CFRA Chief Investment Strategist, discusses investor optimism as attention turns to earnings season. Greg Valliere, AGF Investments Chief U.S. Policy Strategist, says Joe Biden will probably go big and prevail with his initial stimulus bill. Frances Donald, Manulife Investment Management Global Chief Economist & Global Head of Macroeconomic Strategy, says this week's jobless claims data is a tipping point. Jeff Currie, Goldman Sachs Global Head of Commodities Research, says commodities are showing signs of a structural bull market.

Bob Doll, Nuveen Chief Equity Strategist & Senior Portfolio Manager, says U.S. economic growth and corporate earnings will be off the charts this year. Lester Munson, BGR Group Principal, sees younger, more dynamic Republicans emerging in the post-Trump era. Michelle Meyer, BofA Securities Head of U.S. Economics, discusses President-elect Joe Biden’s stimulus plans and the inflation debate. Dan Ives, Wedbush Securities Analyst, says Apple is seeing a renaissance of growth.

Tom Wheeler, Brookings Institution Visiting Fellow & Former FCC Chairman, says technology companies are making their own rules because lawmakers have not. Steven Wieting, Citi Private Bank Chief Investment Strategist & Chief Economist, says the pandemic was an external exogenous shock for the U.S. and a lot of the economy can be fully restored. Julie Norman, University College London Political Science Professor, says President-elect Joe Biden faces an uphill battle on some priorities. Glenn Hubbard, Columbia Professor of Economics & Former Council of Economic Advisers Chairman, discusses the challenges facing Biden’s economic team.

Henrietta Treyz, Veda Partners Director of Economic Research, says to expect impeachment discussions of President Trump after his term concludes and well into 2021. Brian Weinstein, Morgan Stanley Head of Global Fixed Income, sees the best value in emerging markets and high yield. Ben Laidler, Tower Hudson CEO, says we are looking at historic growth this year despite low expectations for GDP. Dr. Katie Passaretti, Atrium Health Director of Infection Prevention, says confidence in coronavirus vaccines has increased as more people have gotten vaccinated.

Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says the weak jobs report reiterates the need for more fiscal policy. Rep. French Hill, (R) Arkansas, all the leaders in Washington on both sides of the aisle now need to focus on the peaceful transfer of power on January 20. Mujtaba Rahman, Eurasia Group Managing Director for Europe, says Europe's medium-term stability depends more on what happens with the French election than the German one. Tiffany Wilding, PIMCO Chief U.S. Economist, is optimistic about a re-acceleration of the economy in the back half of the year.

Andrew Card, Former White House Chief of Staff for President George W. Bush, says America's democracy was reaffirmed yesterday by the leadership presented from congress after the dust settled on Capitol Hill. James Stavridis, Bloomberg Opinion Columnist, Carlyle Group Advisor & Former Supreme Allied Commander at NATO, was a massive failure of security on multiple levels. Kathy Hochul, New York Lieutenant Governor, says a Schumer-led Senate will help provide what it takes for New York to come back from the pandemic. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, expects health care and financials to perform well in this environment.

David Malpass, WorldBank President, says the poor are feeling the brunt of the global recession. Mark Cabana, Bank of America Global Research Head of U.S. Rates Strategy, says we should see the price of bonds go down. Jon Lieber, Eurasia Group Managing Director, United States, says the Biden administration can use President Donald Trump's executive order against China as leverage when negotiating trade. Dr. Jodie Guest, Emory University Rollins School of Public Health Department of Epidemiology Vice Chair & Research Professor, says it is vitally important to have one consistent message from health leaders on Covid-19 vaccinations.

David Solomon, Goldman Sachs Chairman & CEO, says small businesses are a vital part of the economy and they need more government help. James Athey, Aberdeen Standard Investments Senior Investment Manager, says diversification is difficult in the current market environment. Dr. Peter Hotez, Baylor College of Medicine National School of Tropical Medicine Dean, says he is profoundly disappointed in the lack of strategy for rolling out vaccines in the United States. Tina Fordham, Avonhurst Head of Global Political Strategy, says 40% of Republicans believe that Biden was not legally elected. Michael Hirson, Eurasia Group Practice Head for China and Northeast Asia, says the Biden administration's foreign policy strategy will be to work with allies on a united front against China.

Joseph Kennedy former Democratic Representative from Massachusetts, says President Trump will remain the largest GOP voice until the next Republican president. Daniel Yergin, IHS Markit Vice Chairman, says peak oil is a decade away. David Nabarro, WHO Director, says Covid vaccines will not be enough on their own. Sigmar Gabriel, Former German Foreign Affairs Minister, says the main challenge facing Europe is a lack of leadership. Ian Bremmer, Eurasia Group President, says Hong Kong banks aren't going anywhere.

Francisco Blanch, BofA Head of Global Commodities & Derivatives Research, says the flurry of liquidity is driving the divergence in asset values. Lara Rhame, FS Investments Chief U.S. Economist, explains why 2021 will be a balancing act of long-run optimism with near-term challenges. Deborah Fuller, University of Washington School of Medicine Microbiology Professor, discusses the long-term effects of Covid-19. Karen Pierce, U.K. Ambassador to the U.S., says a trade deal with the U.S. can be done in 2021.

Steen Jakobsen, Saxo Bank CIO, says inflation is absolutely coming back in 2021. Gerald Storch, Storch Advisors CE0 and Former Hudson's Bay CEO, says much of the shift to e-commerce accelerated by the global pandemic will stick. Jim Paulsen, The Leuthold Group Chief Investment Strategist, discusses the rotation into value stocks. Mercedes Carnethon, Northwestern University Professor and Department of Preventive Medicine Vice Chair, says she's hopeful the pace of vaccinations will pick up.

Scott Wren, Wells Fargo Investment Institute Senior Global Equity Strategist, says consumer spending needs to be strong in order to keep the recovery going. Matthew Hornbach, Morgan Stanley Global Head of Macro Strategy, expects things to be more difficult for markets in the second half of 2021. James Bevan, CCLA Chief Investment Officer, says the pound still has serious challenges ahead. Mark Kaufman, Ford Motor Global Electrification Director, discusses the global race for leadership in the electric-vehicle market.

Kit Juckes, Societe Generale Chief FX Strategist, sees a V-shaped economic recovery. Kathy Jones, Schwab Center for Financial Research Chief Fixed Income Strategist, warns of a turbulent year ahead. Lindsey Piegza, Stifel Chief Economist, discusses the delicate balance facing policymakers in the Covid-19 era. Steve Sadove, Former Saks CEO and Mastercard Senior Advisor, says holiday retail sales show a healthy consumer environment.

Small businesses are credited with creating more than 60% of all U.S. jobs over the past decade. These companies came into the year with a head full of steam. Then came Covid-19, and the momentum just stopped. Since the start of the pandemic, we spoke to more than a hundred small business owners across the country. This is their story.

Josh Hardie, Confederation of British Industry Deputy Director-General, urges negotiators to reach a post-Brexit trade deal. Dr. Albert Ko, Yale School of Medicine Department Chair & Professor of Epidemiology and of Medicine, sees a difficult winter ahead. Geoffrey Yu, BNY Mellon Senior Strategist for EMEA Markets, discusses how animal spirits will affect the markets next year. John Ryding, Brean Capital Chief Economic Advisor, says 2021 will be a year of two halves.

Dr. Stephen Hahn, FDA Commissioner, says he's confident in the safety and efficacy of the Covid-19 vaccines. Patrick Foye, MTA Chairman & CEO, says latest relief package would prevent service cuts and layoffs in 2021. Diane Swonk, Grant Thornton Chief Economist, says the economy is losing momentum at a critical time. Julie Norman, University College London Political Science Professor, discusses the significance of Trump's surprise attack on Congress’s bipartisan relief bill.

Marc Lasry, Avenue Capital Group, Chairman, CEO & Co-Founder and Milwaukee Bucks Co-Owner, discusses the outlook for markets and the NBA season. Nathan Sheets, PGIM Fixed Income Chief Economist & Head of Global Macroeconomic Research, says inflation in the medium-term is going to stay as muted as it was pre-pandemic. Deborah Fuller, University of Washington School of Medicine Microbiology Professor, says the new variant of Covid-19 discovered in the U.K. appears to be overtaking the dominate strain. Liz Ann Sonders, Charles Schwab Chief Investment Strategist, says frothy sentiment remains a risk.

Daniel Alpert, Westwood Capital Managing Partner, examines the effects of fiscal stimulus on the labor market. George Bory, Wells Fargo Asset Management Head of Fixed Income Strategy, says don't give up on bonds just yet. Mercedes Carnethon, Northwestern University Professor & Department of Preventive Medicine Vice Chair, discusses the possible effects of Covid-19 mutations on current vaccines. Megan Greene, Harvard Kennedy School Senior Fellow, explains why the stimulus compromise doesn't resolve the debate over the Fed's emergency powers.

Raghuram Rajan, University of Chicago Booth School Professor and Former Reserve Bank of India Governor, warns of massive distress in the corporate sector. Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says the current stimulus discussions are being priced in as a down payment on a larger package for when President-elect Biden takes office. Dr. Tom McGinn, CommonSpirit Health Executive Vice President of Physician Enterprise, says hospital staffing has become the greatest challenge when assisting patients affected by Covid-19. Peter Hooper, Deutsche Bank Global Head of Economic Research, sees near-term weakness in the labor market and consumer spending.

Christopher Harvey, Wells Fargo Securities Head of Equity Strategy, says 2021 will bring overall pedestrian returns and it's essential to look into small-caps and financials. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says there could be a Fed rate hike as early as 2022. Kathy Hochul, New York Lieutenant Governor, discusses the desperate need for stimulus for small businesses, the lack of state aid in the coronavirus relief bill, and trying to avoid another lockdown. Stephen Stanley, Amherst Pierpont Chief Economist, sees the economy getting back to close to normal in the second half of 2021.

Greg Boutle, BNP Paribas U.S. Head of Equity & Derivative Strategy, says there could be a new volatility regime in 2021. Jeremy Stretch, CIBC Head of G-10 FX Strategy, discusses U.S. Treasury report designating Switzerland and Vietnam as currency manipulators. Michelle Meyer, BofA Securities Head of U.S. Economics, says don't overlook the near-term challenges for the economy. Dr. Katherine Baumgarten, Oschner Health Medical Director of Infection Control and Prevention, says there are many critical steps involved with the distribution of Covid-19 vaccines and cold storage is a challenge.

Dr. Katie Passaretti, Atrium Health Director of Infection Prevention, discusses being among the first people to receive a Covid-19 vaccine. Robert Califf, Former FDA Commissioner, gives the FDA an A+ for its handling of Covid-19 vaccines. Michael Gapen, Barclays Chief U.S. Economist, sees a bumpy road ahead but vaccine progress gives hope. Peter Orszag, Bloomberg Opinion Columnist and Lazard CEO of Financial Advisory, says more economic pain is coming unless the government acts quickly.

Peter Tchir, Academy Securities Head of Macro Strategy, sees a big rotation ahead. Brian Weinstein, Morgan Stanley Head of Global Fixed Income, discusses what to expect from this week's Fed meeting. Dr. Joseph Cacchione, Ascension Chief Medical Officer, discusses the logistical challenges behind the Covid-19 vaccine rollout. Lara Rhame, FS Investments Chief U.S. Economist, warns of a double-dip recession.

Frances Donald, Manulife Investment Management Global Chief Economist & Head of Macroeconomic Strategy, says we should be more afraid of stagflation than we should be about low rates. Michael Holland, Holland and Company Chairman, says he can't justify buying a great deal of fixed income right now. Leslie McClure, Drexel University Dornsife School of Public Health Department of Epidemiology and Biostatistics Chair, says we have to continue to be cautious even after we vaccinate a large portion of the population. Ed Mills, Raymond James Washington Policy Analyst, discusses how politics continue to get in the way of a stimulus deal in Washington. Alex Webb, Bloomberg Opinion Tech Columnist, discusses Bob Dylan's decision to sell his songwriting catalog.

Kallum Pickering, Berenberg Senior Economist, says the ECB is much more focused on inflation expectations than long-term rates. Lawrence Gostin, Georgetown University Professor of Medicine, says we may be at the beginning of the end of this pandemic. Jane Foley, Rabobank Head of FX Strategy, real interest rates are going to be more attractive for the Euro than for the dollar for the foreseeable future. Doug Holtz-Eakin, American Action Forum President & Former Director of the Congressional Budget Office, says the first step in getting to a better economy is taking on the health crisis.

Jim Caron, Morgan Stanley Portfolio Manager, thinks that calls for inflation and significantly higher yields are very premature. Kathleen Smith, Renaissance Capital Co-Founder & Partner, says 2020 will be a year in the record books for IPOs. Doug Kass, Seabreeze Partners President, says it has been a horrible environment for shorting stocks. David Rubenstein, Carlyle Group Co-Founder and Peer-to-Peer Host, discusses his interview with World Economic Forum Founder Klaus Schwab.

Peter Oppenheimer, Goldman Sachs Chief Global Equity Strategist, says he sees a strong U.S. rebound ahead. Boston Mayor Marty Walsh says the lack of guidance and financial support during the pandemic has been a failure of federal government. Leslie Vinjamuri, Chatham House Head of the U.S. Americas Programme, says there is no honeymoon period for the Biden team. Michael Cloherty, UBS Head of U.S. Rates Strategy, still sees upward pressure on yields next year.

London Mayor Sadiq Khan discusses the potential for coronavirus lockdowns paired with a no-deal Brexit. Steve Chiavarone, Federated Hermes Portfolio Manager, says the coming vaccine represents an enormous stimulus for the economy. Mercedes Carnethon, Northwestern University Department of Preventative Medicine Vice Chair, says it would be ideal to see essential workers in next round of vaccines. Tina Fordham, Avonhurst Advisory Services Head of Global Political Strategy, worries that markets are getting ahead of politics on stimulus. Daniel Ahn, BNP Paribas Chief U.S. Economist & Head of Macro Strategy, says demand may never return in certain sectors.

Lawrence Kudlow, U.S. National Economic Council Director, says he sees specific targeted areas concerning small businesses, unemployment, and Covid-related schooling matters as priorities in stimulus talks. Priya Misra, TD Securities Global Head of Rates Strategy, says rates have priced in too much good news. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says it will be a difficult winter for the U.S. economy. Henrietta Treyz, Veda Partners Director of Economic Policy, says she is optimistic about a stimulus bill.

Tony Dwyer, Canaccord Genuity Chief Market Strategist, says historic excess liquidity is what is driving markets higher. Kathy Jones, Schwab Center for Financial Research Chief Fixed Income Strategist, says credit spreads are about as tight as they can go right now. Kit Juckes, Societe Generale Chief FX Strategist, discusses what's next for central banks. Jacob Lew, Former U.S. Treasury Secretary, sees a long, hard winter ahead without additional fiscal support.

Kathy Hochul, New York Lieutenant Governor, says her greatest fear with the rising virus case count is overwhelming the hospital system. David Kostin, Goldman Sachs Chief U.S. Equity Strategist, says the economy is getting better and markets will continue to recognize that through 2021. Julie Norman, University College London Professor, says President-elect Joe Biden is assembling a pragmatic team. Michael Feroli, JPMorgan Chief U.S. Economist, sees reasons for gloom in the short-term, but room for optimism as 2021 unfolds.

Laurence Boone, OECD Chief Economist, says virus vaccines offer hope for a brighter outlook. Troy Gayeski, Skybridge Capital Co-CIO, says equity gains may be much harder to come by following November's record rally. Ethan Harris, BofA Securities Head of Global Economic Research, expects a stimulus package to be the only serious piece of legislation to be passed in the next two years. Dr. Jodie Guest, Emory University Rollins School of Public Health Department of Epidemiology Vice Chair & Research Professor, says there is light at the end of the tunnel for the end of the pandemic, but we are not there yet.

Michael Shaoul, Marketfield Asset Management CEO and Portfolio Manager, says the durable goods economy is firing on all cylinders. Elizabeth Suzuki, BofA Securities Senior Hardlines Retail Analyst, says this retail holiday season will be largely dominated by the home categories. John Ryding, Brean Capital Chief Economic Advisor, sees a difficult few months ahead for the U.S. economy. Dr. Howard Forman, Yale University Professor of Public Health, Management, and Economics, says he's optimistic about the timeline of a Covid-19 vaccine rollout.

Peter Dixon, Commerzbank Global Equities Economist, sees markets in a holding pattern as investors await new catalysts. Camilla Yanushevsky, CFRA Equity Research Analyst, looks at some potential winners and losers in an unprecedented holiday shopping season. Drew Matus, MetLife Investment Management Chief Market Strategist, examines the risk of inflation. Steve Sadove, Former Saks CEO and Mastercard Senior Advisor, discusses the rapid change in shopping habits in the Covid-19 era.

The coronavirus pandemic, and ensuing recession, has had an outsized impact on Generation Z. Young people have had their education disrupted, career plans upended and financial prospects diminished. Lisa Abramowicz brings us more in this Bloomberg Surveillance special report.

Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, sees a raging bull market below the surface. Tobias Adrian, IMF Director for Monetary and Capital Markets Department, says excessive risk-taking is a worry in the near term. Catherine Mann, Citi Global Chief Economist, says the U.S. economy may return to the pre-Covid level of GDP in second-quarter of 2021. Brian Kelly, The Points Guy CEO, discusses the future of travel in the Covid-19 era.

Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, expects next year to be another tech and growth year. Kathy Hochul, New York Lieutenant Governor, warns it will be a crisis situation if coronavirus numbers continue on their current path. Frederic Mishkin, Former Federal Reserve Governor and Columbia University Professor, says Janet Yellen is highly qualified to handle policy as the next U.S. Treasury Secretary amid the Covid-19 pandemic. Cass Sunstein, Harvard Law Professor, Author of "Too Much Information" and Bloomberg Opinion Columnist, makes sense of the political noise.

Carmen Reinhart, World Bank Chief Economist and Vincent Reinhart, Mellon Chief Economist look at how the coronavirus pandemic is affecting the global economy and financial markets. Alan Ruskin, Deutsche Bank Chief International Strategist, discusses why he expects dollar-renminbi to take over as a dominant currency pair. Dr. Deborah Fuller, University of Washington School of Medicine Microbiology Professor, says at least 50-60% of the population will need to be vaccinated in order to stop this pandemic. David Rosenberg, Rosenberg Research Chief Economist & Strategist, sees a release of pent-up demand once a vaccine is broadly distributed.

Jared Bernstein, Center on Budget and Policy Priorities Senior Fellow and member of Joe Biden's Presidential Transition Team, says delays in the transition process are coming at great cost to public health and the economy. Dr. David Reich, President of The Mount Sinai Hospital and Mount Sinai Queens, says the second wave in New York is a less severe surge than the first wave. Anna Han, Wells Fargo Securities Equity Strategist, says there will be pedestrian growth in 2021 in the U.S. as equity volatility remains elevated. Torsten Slok, Apollo Management Chief Economist, says the dynamism of the U.S. economy is not being impacted despite facing Covid-19 headwinds.

Loretta Mester, Federal Reserve Bank Cleveland President, says she's concerned about the lack of fiscal policy. Patrick Foye, MTA Chairman & CEO, warns of drastic service cuts without aid from Washington. Dr. Jonathan Quick, The Rockefeller Foundation Managing Director for Pandemic Response, Preparedness, and Prevention, says the U.S. is on a grim pathway to over 400,000 coronavirus deaths by March. Nathan Sheets, PGIM Fixed Income Chief Economist & Head of Global Macroeconomic Research, sees a rocky road to recovery.

Gabriela Santos, JPMorgan Asset Management Global Market Strategist, says the stars are aligning for a broader set of emerging markets. Michael Kushma, Morgan Stanley Investment Management CIO of Global Fixed Income, says the Fed has been clear about its intentions to support the economy. Dean Curnutt, Macro Risk Advisors CEO, reminds investors to be prepared for the unexpected as 2020 nears its end. Franz-Werner Haas, CureVac CEO, says there will be enough capacity to vaccinate the world until the end of next year.

William Dudley, Bloomberg Opinion Columnist & Former New York Fed President, says it is very likely the Fed will extend its emergency loan programs. Mona Mahajan, Allianz Global Investors U.S. Investment Strategist, says bond rates will remain low throughout 2021. Tom Forte, D.A. Davidson Senior Research Analyst, says pharmacy is a trillion-dollar opportunity for Amazon. Ian Bremmer, Eurasia Group & GZERO Media President, details challenges facing the new administration as President-elect Biden begins to navigate delicate U.S. foreign relations.

Ben Laidler, Tower Hudson Research CEO, sees growth in rebound in 2021. Dr. Robert Murphy, Northwestern University Professor of Infectious Diseases & Institute for Global Health Executive Director, says the effectiveness of the vaccines from Moderna and Pfizer is way beyond expectations, but the pandemic may not be over for another year. Kathy Hochul, New York Lieutenant Governor, says it may be safer for children to be in schools and back out in their communities. Stephen Stanley, Amherst Pierpont Chief Economist, sees a significant slowdown in job growth over the next several months.

Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says markets are getting a reality check. James Bevan, CCLA Chief Investment Officer, says an effective Covid-19 vaccine will give global governments the confidence to increase fiscal stimulus measures. Dr. Peter Hotez, Baylor College of Medicine Dean for the National School of Tropical Medicine, says 12 million Americans could receive a Covid-19 vaccine this upcoming January. Henrietta Treyz, Veda Partners Director of Economic Policy Research, says it is not remotely coincidental that China acknowledged Joe Biden as President-Elect just after President Trump's executive order against the country.

David Kelly, JPMorgan Asset Management Chief Global Strategist, maps out the road ahead for the markets and the economy. Dr. Albert Ko, Yale School of Medicine Department Chair & Professor of Epidemiology and of Medicine, says coronavirus cases in the U.S. have reached an exponential curve in terms of growth. Beata Kirr, Alliance Bernstein Co-Head of Investment Strategies, says growth stocks have led in an extraordinary way throughout the year of 2020. Retired Brigadier General Mark Kimmitt, Former Assistant Secretary of State for Political-Military Affairs, discusses the future of America's defense strategy.

Peter Tchir, Academy Securities Head of Macro Strategy, warns markets seem a little bit complacent amid surging coronavirus cases and legal challenges to the U.S. election outcome. Lawrence Gostin, Georgetown University Professor, says the Trump administration has given up on dealing with the coronavirus and are waiting for a vaccine. Alicia Levine, BNY Mellon Investment Management Chief Strategist, says growth stocks will carry the market into 2021 with the S&P 500 positioned to power even higher. David Rubenstein, Carlyle Group Co-Chairman and Co-Founder & Host of "The David Rubenstein Show: Peer-to-Peer Conversations" discusses his interview with Wynton Marsalis, Jazz at Lincoln Center Managing and Artistic Director.

David Ricks, Eli Lilly Chairman & CEO, discusses the drugmaker’s Covid-19 antibody therapy that was granted emergency-use authorization in the U.S. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, sees a departure from bonds into risky assets with a lot of cash on the sidelines that needs to be put to work. Kathy Hochul, New York Lieutenant Governor, says having a vaccine does not take the pressure off of further stimulus at all. Sam Stovall, CFRA Chief Investment Strategist, says Wall Street is looking beyond a coronavirus spike with vaccine developments appearing positive.

Matthew Hornbach, Morgan Stanley Global Head of Macro Strategy, says a vaccine has the power to really drive risk assets higher, credit spreads tighter, the equity market higher, emerging-market currencies stronger. Mercedes Carnethon, Northwestern University Professor of Preventive Medicine, discusses the possible effectiveness of the vaccine being developed by Pfizer and BioNTech. Jaret Seiberg, Cowen Senior Policy Analyst, says the U.S. election presented a clear victory for the modern side of the Democratic Party. Daniel Alpert, Westwood Capital Managing Partner, says investors should keep an eye on aggregate demand.

This is a Bloomberg Special Report with Nathan Hager and Amy Morris Joe Biden defeated Donald Trump to become the 46th president of the United States and offered himself to the nation as a leader who “seeks not to divide, but to unify" a country gripped by a historic pandemic and a confluence of economic and social turmoil. In this podcast, we examine the vote, the legal battle and the path ahead for White House policy. GUESTS: June Grasso Bloomberg Law Host Terry Haines Pangaea Policy Founder Gregory Giroux Bloomberg Government Reporter Emily Wilkins Bloomberg Government Reporter

This is a Bloomberg Daybreak Special Report with Nathan Hager, Amy Morris and Michael Barr. The votes are still being counted and legal challenges remain, but the path to the White House is there for Vice President Joe Biden. In this podcast, we examine the vote, the legal battle and the path ahead for White House policy. Plus, how the next steps could play out in the days and weeks leading up to December's Electoral College vote.

Lara Brown, George Washington University Associate Professor and Director of the Graduate School of Political Management, discusses leadership and the American presidency. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says the economy is strengthening and stimulus is naturally occurring as the labor markets heal. Wendy Schiller, Brown University Chair of Political Science, says the Republican Party did well overall on election night and represent a stable alternative to what the Democratic Party has been offering. Julia Coronado, MacroPolicy Perspectives President and Founder, discusses the recovery dynamic of the labor market.

Mike Schumacher, Wells Fargo Securities Head of Macro Strategy, says a blue wave has been priced out of markets for the time being. Frederic Mishkin, Former Federal Reserve Governor, discusses the pressure facing the Fed as investors await the final outcome of the U.S. presidential election. Peter Hooper, Deutsche Bank Securities Global Head of Economic Research, says the latest jobless claims figures show the labor market is not improving further. Mary Barra, General Motors Chairman & CEO, says there is a strong and growing demand for trucks in the U.S.

Mark Schweiker, Former Pennsylvania Governor, says there is a consensus in Washington around a broad stimulus package post-election cycle. Christopher Harvey, Wells Fargo Securities Head of Equity Strategy, says the Senate race is most important because that is where fiscal stimulus and taxes come in to play. Jim Bianco, Bianco Research President, sees Treasury yields moving lower in the short term but expects higher yields going into mid-2021. Julie Norman, University College London Professor, says a Biden administration would bring a more stable and predictable foreign policy for the United States. Doug Kass, Seabreeze Partners President, discusses where he's investing in the wake of the election.

Marty Walsh, Mayor of Boston, says there has been very little assistance from Washington through the pandemic in regards to PPE and preparing residents for the future. Stephanie Kelly, Aberdeen Standard Investments Senior Political Economist, says populism in Italy will be a key political risk to watch next year. Michael Zezas, Morgan Stanley Head of U.S. Policy Research & Municipal Strategist, discusses possible outcomes of the U.S. election. James Sweeney, Credit Suisse Chief Economist, says household cash flows and incomes will be restricted without new help from the government.

Michael Shaoul, Marketfield Asset Management CEO & Portfolio Manager, says it takes a leap of faith to invest at this point in time. Diana Amoa, JPMorgan Investment Management Senior Fixed Income Portfolio Manager, says investors need to think beyond traditional hedges right now. Brian Klaas, University College London Associate Professor in Global Politics, says there is a pendulum shift happening in the United States away from populism. Daniel Ahn, BNP Paribas Chief U.S. Economist & Head of Markets 360 North America, says there are significant downside risks that will impair U.S. growth moving forward.

James Athey, Aberdeen Standard Investments Senior Investment Manager, says FX has been been a good diversifier and hedge ahead of the U.S. election. Daniel Ives, Wedbush Senior Equity Research Analyst, explains why he remains bullish on tech. Lindsey Piegza, Stifel Chief Economist, says consumers are looking at the prospect of a resurgence of coronavirus and are deploying wealth into savings rather than spending. Rob Falzon, Prudential Financial Vice Chair, says many companies are extending out the time they believe employees will be in a remote environment, where productivity has held up well.

Leslie Vinjamuri, Chatham House Head of U.S. and the Americas Programme, says voters are viewing the pandemic through two different lenses: a health crisis or an economic crisis. David Lebovitz, JPMorgan Asset Management Global Market Strategist, says inflation in the short-term is not a risk and will remain in check through the long-term. Alberto Gallo, Algebris Investments Portfolio Manager, says there are no safe havens anymore. Jim Suva, Citi Senior Tech Analyst, applauds Tim Cook for diversifying Apple's product portfolio.

Troy Gayeski, Skybridge Capital Co-CIO, says technology stocks have been a significant profit driver for the market but remain overcrowded. Daniel Morris, BNP Paribas Asset Management Chief Market Strategist, says a W-shaped recovery is likely to occur in Europe and potentially the U.S. Jane Foley, Rabobank Head of FX Strategy, says the euro is the on the back foot amid anxiety ahead of this week's ECB meeting. David Rubenstein, Carlyle Group Co-Chairman and Co-Founder and Host of "The David Rubenstein Show: Peer-to-Peer Conversations," discusses his interview with Alex Gorsky, Johnson & Johnson Chairman and CEO.

Dave Ricks, Eli Lilly Chairman & CEO, says science will win in the fight against Covid-19. Andrew Slimmon, Morgan Stanley Investment Management Senior Portfolio Manager, warns investors to resist the urge to overreact as the U.S. election nears. Chris Watling, Longview Economics CEO, examines the trade-offs of helicopter money. Tina Fordham, Avonhurst Advisory Services Head of Global Political Strategy, discusses how Biden and Trump differ on foreign policy.

Ben Laidler, Tower Hudson Research CEO, is betting on the resilience of the consumer. Mike Swell, Goldman Sachs Asset Management Co-Head of Global Fixed Income Portfolio Management, says investors are writing off the bond market too early. Gregory Peters, PGIM Fixed Income Head of Multi-Sector and Strategy, says a blue sweep could benefit the consumer by fueling wage and economic growth. Rebecca Green, William & Mary Law School Professor, says post-election litigation is normal and can expect a contested election if one or more states have a close race.

Lawrence Kudlow, National Economic Council Director, doesn't know if a stimulus bill can be passed before the election. Afsaneh Beschloss, RockCreek Group CEO, says investments in renewable energy have been moving faster than those in oil and gas during the pandemic. Lale Topcuoglu, JOHCM Senior Fund Manager, says the U.S. will likely reach a stimulus agreement no matter which party wins the election, but the size of the package will be dependent on the victor. Pat Foye, MTA Chairman & CEO, says the MTA will be forced to make drastic draconian service cuts if they do not receive stimulus funding soon.

Mike Pyle, BlackRock Investment Institute Global Chief Investment Strategist, says the Fed will be watching the nominal yield curve carefully and will not allow a tremendous amount of steepening. Geoffrey Yu, BNY Mellon Senior Strategist, says the dollar will drive lower as China continues to grow. James Stavridis, Bloomberg Opinion Columnist, Carlyle Group Adviser & Former Supreme Allied Commander at NATO, says he would expect a return to international engagement with a Biden presidency. Jason Farley, Johns Hopkins Professor of Nursing, says children have an equal probability of spreading the virus as adults do.

Mona Mahajan, Allianz Global Investors U.S. Investment Strategist, says there will not be much more movement from market levels until eyes of inflation are seen. Kevin Giddis, Raymond James Chief Fixed Income Strategist, says interest rates are likely to move higher across the board with a blue wave. Wendy Schiller, Brown University Chair of Political Science, says mail-in ballots make for a more for a engaged public and higher voter turnout for this and later elections. David Rubenstein, Carlyle Group Co-Chairman and Co-Founder and Host of "The David Rubenstein Show: Peer-to-Peer Conversations," discusses his interview with Whole Foods Market Co-Founder and CEO John Mackey.

Joseph Stiglitz, Nobel Laureate & Columbia University Professor, says the strong stock market is almost a sign that things aren't going well in other parts of our economy. Amy Wu Silverman, RBC Capital Markets Equity Derivatives Strategist, says markets are currently under-pricing the risk of a contested election. Isaac Boltansky, Compass Point Research Managing Director for Policy Research, says there are not many tools the government can use to breakup big tech. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, says a small business and unemployment stimulus won't be reached until after the presidential election. Dr. Amesh Adalja, Johns Hopkins Center for Health Security Senior Scholar, says that the science behind Covid-19 matters, despite President Trump's rhetoric denouncing it.

cJanet Yellen, Former Federal Reserve Chair, says the pandemic needs to be controlled to get the economy back on track. Seema Shah, Principal Global Chief Strategist, says the pandemic and central banks will remain stronger drivers of markets than the U.S. election. Jon Lieber, Eurasia Group U.S. Managing Director, says Joe Biden could face a real political risk if a fiscal stimulus is passed before the November election. Joshua Sharfstein, Johns Hopkins Bloomberg School of Public Health Vice Dean, says the FDA has an important role to play in the vaccine safety message.

Kathy Hochul, New York Lieutenant Governor, says New York state cannot risk its economic recovery because of hot spots with high infection rates. James Athey, Aberdeen Asset Management Investment Director, doesn't expect Fed policy to change based on the U.S. election outcome. Jeffrey Howard, UCL Associate Professor, discusses how Trump's rhetoric could have an effect on the results of the election. Chetan Ahya, Morgan Stanley Chief Economist & Global Head of Economics, says the economic data continues to support a v-shaped recovery.

Gabriela Santos, JPMorgan Asset Management Global Market Strategist, says markets are wrestling with a brand new economic cycle. Chris Kotowski, Oppenheimer & Co. Senior Analyst, examines third-quarter results from U.S. banks. Vitor Gaspar, IMF Director of Fiscal Affairs, says public investment can play a key role in boosting growth. Jared Bernstein, Center on Budget and Policy Priorities Senior Fellow and Former Chief Economist & Economic Adviser to Vice President Joe Biden, discusses what Trump’s and Biden’s competing economic agendas reveal about the economy.

Liz Ann Sonders, Charles Schwab Chief Investment Strategist, says investors should focus on balance sheet quality. Andrew Sheets, Morgan Stanley Chief Cross Asset Strategist, says the case for credit is better than other asset classes. Christian Bolu, Autonomous Research Senior Analyst, says job cuts are inevitable as the utilization of automation increases on Wall Street. Michael Feroli, JPMorgan Chief U.S. Economist, says U.S. unemployment will be elevated for several quarters to come.

Tim Adams, Institute of International Finance CEO, says there is an open door to China for U.S. financial institutions. James Sweeney, Credit Suisse Chief Economist, says "fiscal opportunism" is needed right now to help the economy recover from the crisis. Chris Harvey, Wells Fargo Securities Head of Equity Strategy, says Apple is one of the most underweight names in the institutional buy-side. Catherine Mann, Citigroup Global Chief Economist, discusses China's role in the global recovery as the IMF warns of a bumpy road ahead.

Dean Curnutt, Macro Risk Advisors Founder and CEO, examines volatility in the market ahead of the U.S. election. Robert B. Wilson, Stanford University Professor, reacts to winning the 2020 Nobel Prize in Economics for his improvements to auction theory. Betsey Stevenson, University of Michigan Economics Professor and Former Chief Economist of the U.S. Department of Labor, says the U.S. can fuel growth by harnessing the untapped potential of the labor force. Paul Donovan, UBS Global Chief Economist, says the failure to do fiscal stimulus now in the U.S. is doing real damage to the economy. Nobel Laureate Michael Spence shares insights into the award-winning work of Paul Milgrom and Robert B. Wilson, whose discoveries were recognized today with the 2020 Nobel Prize in Economics.

Ben Laidler, Tower Hudson Research CEO, expects a melt-up in the fourth quarter. John Normand, JPMorgan Head of Cross-Asset Fundamental Strategy, discusses where vulnerabilities are in the markets ahead of the U.S. election. Michael Zezas, Morgan Stanley Head of U.S. Policy Research and Municipal Strategist, examines how the election could impact infrastructure policy. Stephen Stanley, Amherst Pierpont Chief Economist, says the economy can continue to recover without more stimulus in the near-term.

Frances Donald, Manulife Investment Management Global Chief Economist and Global Head of Macroeconomic Strategy, warns of the headwinds facing the U.S. economy. Rick Davis, Bloomberg Contributor and Former McCain Campaign Manager, explains how the terms of debates are negotiated as President Trump refuses to participate in a virtual debate. Michael Moore, Bloomberg News U.S. Finance Team Leader, discusses Morgan Stanley's acquisition of Eaton Vance. Abby Joseph Cohen, Goldman Sachs Advisory Director and Senior Investment Strategist, says a blue wave in the 2020 U.S. election could benefit markets.

cRudy Giuliani, Former New York Mayor and President Trump's Personal Lawyer, says he got another negative Covid test result yesterday. Josh Wingrove, Bloomberg News White House Reporter gives an update on the 2020 campaign trail. Alicia Levine, BNY Mellon Investment Management Chief Strategist, discusses how the U.S. presidential election could impact market dynamics. Doug Kass, Seabreeze Partners President, explains why the "Biden Bump" could levitate stocks over the near term.

Representative Michael Waltz, a Republican from Florida, discusses Trump's prospects in the battleground state. Peter Tchir, Academy Securities Head of Macro Strategy, remains bearish on the dollar. Robert Doll, Nuveen Chief Equity Strategist, discusses what a Democratic sweep could mean for the markets. Carla Harris, Morgan Stanley Vice Chairman and Senior Client Advisor, shares strategies for closing the funding and opportunity gap.

Michael Cloherty, UBS Head of U.S. Rates Strategy, says there's not much of a hedge benefit from Treasuries at current levels. David Riley, BlueBay Asset Management Chief Investment Strategist, sees more upside potential in the U.S. Julie Norman, University College London Political Science Professor, says this is a vulnerable moment for the United States. Brett Ryan, Deutsche Bank Senior U.S. Economist, warns a lack of fiscal stimulus could delay the economic recovery.

This is a Bloomberg Daybreak Special Report with Nathan Hager, Amy Morris and Michael Barr.  President Trump has been admitted to the hospital to be treated for Covid-19. In this podcast, we examine the implications, he possibilities and the path ahead for the White House. Plus, the political fallout with exactly one month to until the election.

Larry Kudlow, National Economic Council Director, discusses President Trump’s Covid-19 diagnosis and the September jobs report. David Malpass, World Bank President, says masks have helped thwart the spread of Covid-19 in many parts of the world and stresses that the pandemic has been a "giant catastrophe." Dr. Peter Hotez, Baylor College of Medicine National School of Tropical Medicine Dean, discusses the risk factors President Trump faces after testing positive for Covid-19. Jeffrey Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, examines rates in the wake of the jobs report.

New Jersey Governor Phil Murphy discusses the need for more economic stimulus, the state's millionaire tax and how the state is coping with the Covid-19 pandemic. Jim O'Sullivan, TD Securities Chief U.S. Macro Strategist, warns against too much optimism in the markets. James Sweeney, Credit Suisse Chief Economist, explains the momentum shift happening in the economy. Rebecca Rockey, Cushman & Wakefield Global Head of Forecasting, discusses Covid-19's impact on the office sector.

Thomas Barkin, Federal Reserve Bank of Richmond President, expects strong U.S. growth in the third quarter. Lisa Shalett, Morgan Stanley Wealth Management CIO, says she’s "shocked” markets haven’t been more tumultuous amid the uncertainty over another fiscal stimulus package. Daniel Boulud, Chef and Restaurateur, discusses the return of indoor dining in New York City. Nouriel Roubini, NYU Stern School of Business Professor and NourielToday.com Host, discusses the “severe” market risks he sees from the U.S. presidential election.

Bob Woodward, Washington Post Associate Editor and Author of "Rage," says he did not intend to release tapes of his interviews with President Trump at first. Jeanne Zaino, Iona College Professor of Political Science and Bloomberg Contributor, discusses what to watch for in the Trump and Biden debate. Mike Pyle, BlackRock Global Chief Investment Strategist, says the risks around a contested election scenario are material. Joe Quinlan, Merrill and Bank of America Private Bank Head of CIO Market Strategy, says markets have already priced in a Democratic sweep.

Mark Howard, BNP Paribas Senior Multi-Asset Specialist, sees investors pulling back amid the uncertain political environment. Lale Topcuoglu, JOHCM Senior Fund Manager, says Fed put is baked into markets. Representative French Hill, a Republican from Arkansas, expects a peaceful transfer of power. Timothy L. O'Brien, Bloomberg Opinion Senior Columnist, discusses President Trump's tax revelations.

President Donald Trump says he will nominate Judge Amy Coney Barrett for the Supreme Court. If confirmed by the Senate, Barrett could cement the court’s rightward shift for a generation. Bloomberg's David Westin examines the implications in this special podcast.

Jan Hatzius, Goldman Sachs Chief Economist, explains why the firm halved its forecast for U.S. growth in the fourth quarter. Amy Wu Silverman, RBC Capital Markets Head of Derivatives Strategy, discusses fears that a delayed U.S. election result could upend markets. Jim Paulsen, The Leuthold Group Chief Investment Strategist, says this correction could have further to go. Julie Norman, University College London Political Science Professor, sees Republicans and Democrats moving towards more convergence on fiscal support.

David Kostin, Goldman Sachs Chief U.S. Equity Strategist, makes the case for value stocks..Kathy Jones, Schwab Center for Financial Research Chief Fixed Income Strategist, says U.S. economy could see double-dip recession in the next 6 months without fiscal stimulus. Chris Krueger, Cowen Washington Research Group Policy Managing Director, says we may not get results on election night with the unprecedented amount of mail-in votes. Ethan Harris, BofA Securities Head of Global Economic Research, says the market has too many uncertainties on its plate and will continue to be under pressure for a while.

Federal Reserve Vice Chairman Richard Clarida says the central bank won’t consider raising interest rates from near zero until it actually achieves 2% inflation as well as full employment. Mike Schumacher, Wells Fargo Securities Head of Rate Strategy, says yields could drop dramatically if the U.S. election results are delayed. Victoria Fernandez, Crossmark Global Investments Chief Market Strategist, says free cash flow and management are important evaluations to see if a company can withstand the volatility anticipated in the coming quarter. Andrew Hollenhorst, Citigroup Global Markets Chief U.S. Economist, says political gridlock has delayed more fiscal stimulus action despite the Fed and both political parties believing it to be necessary.

Tony Dwyer, Canaccord Genuity Chief Market Strategist, cautions investors on playing politics with their portfolio. James Athey, Aberdeen Standard Investments Senior Investment Manager, says finding diversification is difficult in the world of one trade. Isaac Boltansky, Compass Point Research & Trading Director of Policy Research, says the next government fiscal package is effectively dead at the moment. Diane Swonk, Grant Thornton Chief Economist, says colder temperatures could exacerbate unemployment.

Robert Kaplan, Federal Reserve Bank of Dallas President, sees Fed rates near zero for at least two or three years. Lisa Beattie Frelinghuysen, BanyanGlobal Principal and Former Clerk to late Supreme Court Justice Ruth Bader Ginsburg, says there is a tremendous amount to learn from Ginsburg's friendship with Justice Antonin Scalia. Russell Wheeler, Brookings Institution Visiting Fellow and Former Deputy Director of the Federal Judicial Center, says there will be a lot of pressure to counteract a Supreme Court appointment this late in the election season. Timothy O'Brien, Bloomberg Opinion Senior Columnist, discusses the high-stakes battle over whether to fill the vacancy on the Supreme Court ahead of the election.

Federal Reserve Bank of Atlanta President, discusses the Fed's new policy framework, the outlook for the U.S. economy and the state of U.S.-China trade relations. Techonomy CEO & Bloomberg Contributor David Kirkpatrick and Council on Foreign Relations Senior Fellow for International Economics Brad Setser weigh in on the game of chicken between China and the U.S. over TikTok. Rebecca Patterson, Bridgewater Director of Investment Research, examines the paradigm shift in central banking.

Michael Darda, MKM Partners Chief Economist and Market Strategist, discusses monetary policy, inflation and the impact of stimulus measures on the economy. Michael Gapen, Barclays Chief U.S. Economist, says it is reasonable to expect low to mid-single digits for U.S. growth rates in the fourth quarter. Rebecca Minkoff, Fashion Designer, sees an opportunity for the fashion industry to reset amid the Covid-19 pandemic. Ian Bremmer, Eurasia Group President, discusses President Trump’s approach to foreign policy, why Trump deserves the Nobel Peace Prize, and his views of the U.S. presidential race.

Peter Oppenheimer, Goldman Sachs Chief Global Equity Strategist, says stocks are entering a new phase where technology and growth companies will continue to significantly outperform. Stephen Stanley, Amherst Pierpont Chief Economist, says it's going to be tough to make further gains in retail sales. Kathy Hochul, New York Lieutenant Governor, says New York is not planning to dial back reopening, but is ready for a second wave of Covid-19. Daniel Yergin, IHS Markit Vice Chairman, says the shale industry is in survival mode right now and will be in that mode until next year. Angel Gurria, OECD Secretary-General, says the V-shaped recovery is not going to happen.

Paul Donovan, UBS Global Chief Economist, says markets are too pessimistic about recovery from a crisis. Lindsey Piegza, Stifel Chief Economist, sees economy improving, but investors shouldn't get complacent. Robert Profusek, Jones Day Head of M&A, discusses the resurgence in global dealmaking. New York City Comptroller Scott Stringer says wealthy residents should be prepared to “step up and help” close a $4.2 billion deficit by paying higher taxes.

Bill Gross, PIMCO Co-Founder & Former Fixed Income Fund Manager, says the bond world is now a melding of the Fed and the Treasury. Dan Ives, Wedbush Securities Director of Equity Research & Analyst, says the pullback in technology stocks is healthy for the sector. Frances Donald, Manulife Asset Management Global Economist, says we are currently looking at a K-shaped recovery and job losses may become permanent. Pat Foye, MTA Chairman, says ridership is down past Great Depression levels.

Jean-Yves Fillion, BNP Paribas USA CEO, discusses markets and sustainability in a post-pandemic world. Michael Feroli, JPMorgan Chief U.S. Economist, examines the pandemic's impact on inflation. Michael Shaoul, Marketfield Asset Management CEO and Portfolio Manager, says the U.S. economy has enough support without the need of a stimulus bill at this time. Tom Michaud, KBW CEO, says that 9/11 was a story of resiliency which brought remarkable unity following the attacks.

Ken Leon, CFRA Director of Equity Research, discusses Citi's historic pick of Jane Fraser as the first female CEO of a major global bank. Carsten Brzeski, ING Chief Economist, says the European Central Bank is treading carefully. Kirk Hartman, Wells Fargo Asset Management President & Global CIO, says the gap between the momentum growth tech stocks and the value stocks is far too large and must close. Vadim Zlotnikov, Fidelity Institutional Asset Management President, says future levels of inflation will be driven by policies aimed at wealth distribution. Henrietta Treyz, Veda Partners Director of Economic Policy Research, says the undecided sliver of voters within the U.S. population has shrunk to about 6%.

David Kelly, JPMorgan Asset Management Chief Global Strategist, urges investors to be disciplined as the U.S. economic recovery beings to slow down. Omar Aguilar, Schwab CIO of Passive Equity and Multi-Asset Strategies, discusses the bifurcation he sees in market activity. Amrita Sen, Energy Aspects Chief Oil Analyst, says the price of oil is finally catching up to fundamentals. David Rubenstein, Carlyle Group Co-Chairman and Co-Founder and Host of "The David Rubenstein Show: Peer-to-Peer Conversations," discusses his interview with Reed Hastings, Netflix Founder and Co-CEO.

Christopher Marangi, Gabelli Funds Co-CIO, says this correction is healthy and different. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says negative rates are not in the cards so there is only one way yields can go, either sideways or higher. Barry Ritholtz, Bloomberg Opinion Columnist and Ritholtz Wealth Management Founder, says a 10-20% pullback is overdue. Peter Westaway, Vanguard Chief European Economist, says the ECB is getting close to the end of the road for negative rates.

Larry Kudlow, National Economic Council Director, shares the White House's view on the August jobs report. Randy Kroszner, University of Chicago Professor and Former Fed Governor, says take the August jobs data with a little grain of salt. Danny Blanchflower, Dartmouth College Professor of Economics, discusses the economic impact of the coronavirus pandemic on younger generations. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, examines current market conditions as investors weigh a better-than-forecast jobs report.

Amy Wu Silverman, RBC Capital Markets Equity Derivatives Strategist, says volatility that will occur until November is fairly priced in markets. Steve Sadove, Former Saks CEO and Mastercard Senior Advisor, says data is starting to show a recovery in retail. Seema Shah, Principal Global Investors Chief Strategist, says markets are questioning the need for a fiscal stimulus based on the strength of the economic recovery. Michael Cloherty, UBS Head of U.S. Rates Strategy, says fixed income seems priced for perfection from the Fed.

Ivan Feinseth, Tigress Financial Partners CIO, says the market is predicting that there will be improvements in the industrial and manufacturing sectors. Steve Chiavarone, Federated Hermes Portfolio Manager, says many companies are focusing more on their tech operations as a result of consumer changes due to Covid-19. Deborah Fuller, University of Washington School of Medicine Microbiology Professor, says we are entering an exciting phase in the race for a coronavirus vaccine. Andrew Hollenhorst, Citigroup Chief U.S. Economist, says the Fed’s impact on the housing market by keeping interest rates low cannot be overstated. Former European Central Bank President Jean-Claude Trichet discusses the strength of the euro, Federal Reserve and ECB policy, and inflation concerns.

Kathy Hochul, New York Lieutenant Governor, urges the federal government to step in with with stimulus funding. Eswar Prasad, Cornell University Tolani Senior Professor of Trade Policy and Brookings Institution Senior Fellow, discusses outlook for the U.S. dollar. Gabriela Santos, JPMorgan Asset Management Global Market Strategist, says there is a tremendous amount of money on the sidelines in the U.S. that needs to be put to work. Gershon Distenfeld, AB Co-Head of Fixed Income, discusses the Fed’s evolving view of inflation.

Adam Posen, Peterson Institute President, says the Fed's vision shift is a victory for monetary policy. Sebastien Page, T. Rowe Price Head of Global Multi-Asset, says Warren Buffett is well diversified through international investments and his cash buffer. Mercedes Carnethon, Northwestern University Professor of Medicine, says companies will have a hard time getting working parents back into offices while schools remain closed. Michael Dowse, United States Tennis Association CEO and Executive Director, discuss how tennis has evolved amid the coronavirus pandemic. Chris Marangi, Gabelli Funds Co-CIO, sees value in small caps.

On Wall Street, being Black often means being alone, held back and deprived of the best opportunities. This special podcast from Bloomberg Radio tells the stories of Black men and women, in their own words. Host: Sonali Basak Producer: Colin Tipton

Robert Kaplan, Federal Reserve Bank of Dallas President, says the Fed has already given enough guidance about the likely path of interest rates at this juncture and doesn’t need to offer more. William Dudley, Bloomberg Opinion Columnist and Former New York Fed President, discusses the skepticism facing the Fed's new approach to setting monetary policy. Mark Kiesel, PIMCO CIO of Global Credit, says the Fed has been "unbelievably supportive" for markets and this will eventually lead to a steeper yield curve and higher rates. David Rubenstein, Carlyle Group Co-Founder & Co-Executive Chairman, highlights some of his favorite interviews with leaders featured in his new book, "How to Lead."

Christopher Harvey, Wells Fargo Securities Head of Equity Strategy, discusses outlook for the markets and high-flying stocks. Alicia Levine, Bank of New York Mellon Chief Investment Strategist, says cash is king right now. Megan Greene, Harvard Kennedy School Senior Fellow, says there is a real credibility issue for the Fed. Mike Darda, MKM Partners Chief Economist & Market Strategist, discusses Fed Chair Jerome Powell's announcement of a new approach to policy that takes a more relaxed stance on inflation.

Federal Reserve Bank of Kansas City President Esther George, who has been among the most hawkish Fed policy makers, isn't opposed to overshooting the 2% inflation goal and sees more risk of price pressures being too weak than too strong. Peter Hooper, Deutsche Bank Global Head of Economic Research, says the labor market recovery will be a long, slow slog. Libby Cantrill, PIMCO Head of Public Policy, says additional stimulus is a question of when, not if. David Rubenstein, Carlyle Group Co-Chairman and Co-Founder and Host of "The David Rubenstein Show: Peer-to-Peer Conversations," discusses his interview with Mark Cuban, Dallas Mavericks Owner.

Chris Verrone, Strategas Research Partners Head of Technical Analysis, says the leadership tone of the equity market is telling us to expect a positive economic surprise in the back half of the year. Regina Mayor, KPMG Global Head of Energy, says the removal of Exxon from the Dow Jones is a signal that large energy companies need to embrace an “energy transition” to remain relevant. Terry Haines, Pangaea Policy Founder, says Trump's enthusiasm advantage over Biden is real. James Sweeney, Credit Suisse Chief Economist, says the Fed is on thin ice given where the economy is. Bruce Kasman, JPMorgan Chief Economist and Head of Global Economic Research, weighs in whether inflation is on the way back.

Leon Cooperman, Omega Family Office Chairman and CEO, says the Fed has created a speculative bubble. Ian Bremmer, Eurasia Group President, examines foreign policy differences between President Donald Trump and Democratic Presidential Nominee Joe Biden. Amrita Sen, Energy Aspects Chief Oil Analyst, says the storms heading toward the Gulf Coast are not going to move the needle when it comes to the sheer volume of oil inventory we need to run down. Ann Miletti, Wells Fargo Asset Management Head of Active Equity, says the market may be telling us that a tectonic shift is happening in our economy at a pace that we haven’t seen before.

Nouriel Roubini, NYU Stern School of Business Professor, warns the global economy faces a risk of a slow recovery or even another slump along the way unless a coronavirus vaccine is found. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, the market is shrugging its shoulders about the next quarter of earnings. Liz Ann Sonders, Charles Schwab Chief Investment Strategist, says there is a significant divergence in terms of both behavioral and attitudinal measures of investor sentiment. Gene Munster, Loup Ventures Managing Partner, discusses Apple's $2 trillion milestone and Tesla's relentless rally.

Anthony Malkin, Empire State Realty Trust President and CEO, urges leaders to get out of the Hamptons and back to the office. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, says the fact that economic data has plateaued shows that the market is unsure of what direction to go in as a result of the Covid-19 pandemic. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, says inflation will gradually get better but it is going to time. Howard Dean, former Democratic National Committee Chair and former Vermont Governor, says the DNC is aimed at disaffected Republicans who want to see honesty back in the government.

David Malpass, World Bank President, says China needs to participate in debt relief plan for poor countries. Jill Carey Hall, BofA Securities U.S. Equity Strategist & Head of U.S. SMID Cap Strategy, says there is divergence within the market in terms of valuations and performance spreads. Jim Bianco, Bianco Research Founder and Bloomberg Opinion Columnist, says there are signals on the horizon that inflation is coming in the U.S. David Rubenstein, Carlyle Group Co-Chairman and Co-Founder and Host of "The David Rubenstein Show: Peer-to-Peer Conversations," discusses his interview with Lonnie Bunch, Secretary of the Smithsonian Institution.

Steve Chiavarone, Federated Hermes Portfolio Manager, says the stay-at-home recession in most parts of the world has ended. Robert Tipp, PGIM Chief Investment Strategist, says it will take a very long time to get incomes elevated although consumption is at a record level. Bob Doll, Nuveen Chief Equity Strategist & Senior Portfolio Manager, says the U.S. no longer has the interest rate advantage. Garlin Gilchrist, Lieutenant Governor of Michigan and Democratic National Committee Vice Chair, says Joe Biden and Kamala Harris are running on the most progressive agenda for opportunity and racial equity that any president has ever run on. Carla Freeman, Johns Hopkins SAIS Foreign Policy Institute Executive Director, discuss how a Biden-Harris administration might impact U.S.-China relations.

John Bolton, Former U.S. National Security Adviser to President Trump, says that the U.S. needs to make sure that Russia stays of out Belarus. Michael Shaoul, Marketfield Asset Management CEO & Portfolio Manager, expects the physical global economy to do much better than the global services economy. Leslie Vinjamuri, Chatham House Director of the U.S. and Americas Programme, says the goal of the Democratic National Convention is to get voters excited about the Biden/Harris ticket, not just to defeat President Trump. Marta Wosińska, Duke-Margolis Center for Health Policy Deputy Director of Policy, says individuals who are not in high-risk demographics will probably not receive a Covid-19 vaccine until the spring of 2021.

David Bailin, Citi Private Bank Chief Investment Officer, says corporate earnings and global liquidity will provide a tailwind for stocks going forward. Michael Gapen, Barclays Chief U.S. Economist, says several more months of fiscal benefits would be helpful to the economy before it can be self-sustaining. David Riley, BlueBay Asset Management Chief Investment Strategist, says it will be difficult for Europe to sustain a strong recovery because it is still dependent on global growth and trade. Lupin Rahman, PIMCO Global Head of EM Sovereign Credit, says the Covid-19 pandemic has been a liquidity shock for the bulk of emerging markets.

Tony Dwyer, Cannacord Genuity Chief Market Strategist, says a negative feedback loop will become great enough that lawmakers in Washington will reach a stimulus deal. Lisa Hornby, Schroder Investment U.S. Fixed Income Portfolio Manager, says there is a tremendous dislocation between where markets are trading today and what the underlying economy tells us. Leland Miller, China Beige Book CEO, says the chances of seeing a broad-based solution regarding President Trump's ban of WeChat is quite low. Ian Lyngen, BMO Capital Markets Head of U.S. Rates Strategy, says the recent spike in Covid-19 cases has not flowed through the labor market yet. Jason Furman, Harvard Professor and Former Chairman of the Council of Economic Advisers during the Obama Administration, says it is unlikely that an economic stimulus deal from Congress will be reached this month.

Jared Woodard, BofA Securities Research Investment Committee Head, expects continued volatility in markets until there is compromise on stimulus measures in Washington. Harry Tchilinguirian, BNP Paribas Head of Commodity-Markets Strategy, believes there will be another gold rally in 2021. James Bevan, CCLA Chief Investment Officer, says equities will grind higher from here. Jeffrey Wright, Eurasia Group U.S. Analyst, says Kamala Harris was the safe pick for Joe Biden’s running mate. Anna Han, Wells Fargo Securities Equity Strategist, says cyclicality will be the winning play over the longer term.

Tony Crescenzi, PIMCO Generalist Portfolio Manager, says it is best to look toward the U.S. and Asia in terms of investing in equity markets over the next five years. Diane Swonk, Grant Thornton Chief Economist, says the need for another fiscal stimulus package is now a matter of "life and death." Henrietta Treyz, Veda Partners Director of Economic Policy Research, believes the odds of Republicans and Democrats compromising on an economic stimulus package have decreased. Admiral James Stavridis, Bloomberg Opinion Columnist and Former Supreme Allied Commander at NATO, discusses the life and legacy of Brent Scowcroft.

Daniel Alpert, Westwood Capital Managing Partner, says the fourth quarter could reveal a financial crisis trickled from a systemic one due to households not being able to pay their rent and mortgages. Mark Zandi, Moody’s Chief Economist, says the unemployment rate will be around fourteen percent rather than ten once individuals who have stepped out of the workforce return. Diana Amoa, JPMorgan Asset Management Senior Portfolio Manager, says broad dollar dynamics matter for emerging market currencies across Asia and Europe. Dr. Jonathan Quick, The Rockefeller Foundation Managing Director of Pandemic Response, Preparedness, and Prevention, says we don't have herd immunity yet.

Larry Kudlow, National Economic Council Director, says virus relief talks are stalemated. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says today's payrolls report gives ammunition for another round of fiscal support. Danny Blanchflower, Dartmouth College Professor of Economics, says although nonfarm payroll numbers are positive, we need to watch underemployment figures. Tiffany Wilding, PIMCO Chief U.S. Economist, says this stronger-than-expected jobs report heightens the focus on the negotiations over another stimulus bill.

Kit Juckes, Societe Generale Chief Market Strategist, says the dollar cannot weaken further unless emerging market economies are stabilized. Andrew Bailey, Bank of England Governor, says negative rates remain in their toolbox. Neil Dutta, Renaissance Macro Research Head of Economics, says we should expect labor market activity to accelerate in August. Marilyn Watson, BlackRock Head of Fundamental Fixed Income Strategy, says technology and communications are overweight right now because investors are looking for places to put their money. Piotr Matys, Rabobank Emerging Markets Strategist, says a weaker Lira is going to have significant inflationary consequences for Turkey.

Ian Bremmer, Eurasia Group President, says the United States is much less interested in the Middle East than before because it is now the world's largest energy producer. Andrew Sheets, Morgan Stanley Chief Cross-Asset Strategist, says you can expect to see a sustainable economic recovery in the next six to twelve months. Senator Bill Cassidy, Republican from Louisiana, says Dr. Fauci's positions on lockdown measures are evolving as we understand the scope of the pandemic. Sarah Hindlian, Macquarie Analyst, says there are legitimate concerns of consumer data collection regarding TikTok given the tensions between the U.S. and China. Jacob J. Lew, Former U.S. Treasury Secretary, discusses the politics behind negotiations on the next round of U.S. stimulus.

Frances Donald, Manulife Investment Management Global Chief Economist, says inflation may be coming more from deglobalization and large fiscal spending rather than monetary policy.Geoffrey Yu, BNY Mellon Senior Strategist, says markets are pricing in yield curve control. John Ryding, Brean Capital Chief Economic Advisor, says we may still have an unemployment rate above 9% by the end of this year. Michael Nathanson, MoffettNathanson Founding Partner and Senior Research Analyst, explains how TikTok could become Microsoft's deal of the decade.

Robert Kaplan, Federal Reserve Bank of Dallas President, says the U.S. unemployment rate will likely be above 9% if we don't do a better of managing the virus. Catherine Mann, Citi Global Chief Economist, says there will be a higher rise to inflation than markets are currently expecting. Ethan Harris, BofA Securities Head of Global Economic Research, says the size, speed and targeted nature of the next U.S. fiscal stimulus package are all of paramount importance. Leslie Vinjamuri, Chatham House Director of the U.S. and Americas Programme, says Democrats have a strong incentive to hold out on stimulus measures during the negotiating process with Republicans.

Bloomberg Markets magazine is out with a special issue focused on diversity, where black men and women share their experience on Wall Street. There's no universal experience, but their stories reflect what it's like, and what it means, to be just one of a handful of black faces in finance. Bloomberg Radio and Television Correspondent Sonali Basak contributed to the issue and brings us more in this special report. 

Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, says the gap between the technology companies dominating the market and everything else will continue to widen. Troy Gayeski, Skybridge Capital Co-CIO, says asset reflation is here. Seema Shah, Principal Global Investors Chief Strategist, says a second virus wave is the main reason to buy bonds. Dan Ives, Wedbush Securities Managing Director of Equity Research, says Apple will reach a two trillion dollar market cap by the end of the year.

Raghuram Rajan, University of Chicago Booth School Professor and Former Reserve Bank of India Governor, says the Fed will be as supportive as possible but will resist negative interest rates. Michelle Meyer, BofA Securities Head of U.S. Economics, says the leisure and hospitality sector has been one of the hardest hit industries as a result of the pandemic. David Kelly, JPMorgan Asset Management Chief Global Strategist, says the U.S. unemployment rate will be greater than 10% heading into 2021. Arun Sundararajan, NYU Stern School of Business Professor, says the real solution in regards to the tech industry will be self-regulation.

Jim McKelvey, Square Co-Founder, Author of "The Innovation Stack," and St. Louis Federal Reserve Deputy Chair, discusses how much regulation Congress should wield over large tech companies. Jill Carey Hall, BofA Securities U.S. Equity Strategist, says she is cautious on the upside of U.S. markets because there could be payback risk from stimulus measures. Priya Misra, TD Securities Global Head of Rates Strategy, says the recent dollar weakness has been a result of the market listening to the Fed. Dennis Gartman, Retired Editor of The Gartman Letter, says gold has become a little too crowded. Al Broaddus, Former Richmond Fed President, weighs in on Fed policy as Congress works on fiscal aid.

Charles Plosser, Former Philadelphia Fed President, says the Fed needs to declare its independence and regain control of monetary policy. Tobias Levkovich, Citi Chief U.S. Equity Strategist, says investors are chasing momentum. Chris Krueger, Cowen Washington Research Group Managing Director, says the crux of the phase four fiscal stimulus bill is the split between lawmakers over unemployment benefits. Kathy Hochul, New York Lieutenant Governor, stresses the urgent need for greater federal stimulus in New York. Matt Winkler, Bloomberg Editor-in-Chief Emeritus, discusses the rise of socially conscious investing amid the coronavirus pandemic.

Pat Foye, MTA Chairman and CEO, says not funding the MTA will stunt and thwart economic recovery and job creation all over New York. James Sweeney, Credit Suisse Chief Economist, says the incremental slowdown in the U.S. was caused by a surge in virus cases, but forecasts a strong double digit increase in third-quarter GDP. Alicia Levine, BNY Mellon Investment Management Chief Strategist, says it is wise to be cautiously bullish in this current market. Doug Kass, Seabreeze Partners President, discusses the factors that could send us into a bear market this year.

Richard Haass, Council on Foreign Relations President, says there is a possibility of broad sanctions between the U.S. and China amid rising tensions. Valdis Dombrovskis, European Commission Executive Vice President, says the EU is willing to cooperate with the U.S. in a multi-lateral strategy to deal with China. Peter Oppenheimer, Goldman Sachs Chief Global Equity Strategist, says the rebound in the third quarter is going to look very V-shaped. Betsey Stevenson, Bloomberg View Columnist and Former U.S. Department of Labor Chief Economist, says studies show that investing in early childcare development reaps huge returns for taxpayers. Sam Kennedy, Boston Red Sox President and CEO, looks ahead to the team's first game back in Fenway Park since before the start of the pandemic.

William Dudley, Bloomberg Opinion Columnist and Former New York Federal Reserve President, says if there is no extension of unemployment benefits there will be consequences in consumer spending. Ralph Schlosstein, Evercore Co-Chairman and Co-CEO, says the most important thing for every company to look at is liquidity. Meredith Sumpter, Eurasia Group Head of Research Strategy & Operations, expects the U.S. to continue escalation with China after the closure of the Chinese consulate in Houston. Admiral James Stavridis, Bloomberg Opinion Columnist and Former Supreme Allied Commander at NATO, says the greatest challenge facing the U.S. in this century is China.

Adena Friedman, Nasdaq President & CEO, says the SEC has done an excellent job at managing the responsibility of disclosure obligations. Francisco Blanch, Bank of America Head of Global Commodities & Derivatives Research, says gold has been the biggest beneficiary from the reflation story. Michael Zezas, Morgan Stanley Head of U.S. Public Policy Research & Municipal Credit Strategy, expects an agreement in Washington over the next wave of U.S. stimulus within three weeks. Sir Howard Davies, NatWest Group Chairman, discusses the implications of rising U.S.-China tensions against the back of a fragile economic background.

Carlos Gimenez, Miami-Dade County Mayor, says a new stimulus package will prevent the closure of many businesses and restaurants. Deborah Fuller, University of Washington School of Medicine Microbiology Professor, says a number of coronavirus vaccines are indicating positive results, but there are still several more steps before one will be widely available to the public. Chris Van Hollen, Democratic Senator from Maryland, says the nominee for the Federal Reserve should not be a political rubber stamp for the president. Paolo Gentiloni, EU Commissioner for Economic and Financial Affairs, discusses the details of the landmark European stimulus package worth 750 billion euros.

David Malpass, World Bank President, says developing countries are under immense debt pressure in the midst of a global pandemic. Jason Furman, Harvard Kennedy School Professor of the Practice of Economic Policy, says the current recession is unlike the last financial crisis because there has been a V-shape recovery in consumer spending. Carsten Nickel, Teneo Intelligence Managing Director for Europe, says EU leaders joining together to create a recovery fund is politically transformative. Dan Ives, Wedbush Securities Analyst, says Amazon and Google seem to be the technology companies most susceptible to regulatory risk in the next year.

Abigail Wozniak, Federal Reserve Bank of Minneapolis Opportunity & Inclusive Growth Institute Director & Senior Research Economist, says it is imperative for small and medium-sized businesses to receive continual support. Brian Levitt, Invesco Global Market Strategist, says a protracted U-shaped recovery could be sufficient for the equity market. Wolfgang Munchau, Eurointelligence Director, says it would be reckless to think that the proposed EU virus stimulus is the beginning of the end of the European debt crisis. Mike Mayo, Wells Fargo Securities Senior Bank Analyst, gives the banks a B+ for the second quarter.

Geoffrey Okamoto, IMF First Deputy Managing Director, says certain sectors are not going to be as economically viable if their business models can't adapt to the structural changes caused by the coronavirus pandemic. Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says a NASDAQ retraction of 10 percent could be a healthy development in the long-term. Alberto Gallo, Algebris Investments Head of Macro Strategies, expects central banks to remain stuck in quantitative easing for a very long time. Julia Coronado, Macropolicy Perspectives Founder & President, says the U.S. economic outlook could take a turn for the worse again as some states increase virus restrictions.

Patrick Harker, Philadelphia Fed President, says the economy can't get back to full throttle until we get the virus under control. Paschal Donohoe, Ireland Finance Minister, says big digital companies like Apple need to be taxed fairly and effectively. Dan Tannebaum, Oliver Wyman Partner, says investors evacuating the Hong Kong market at this point would be acting prematurely. Jared Woodard, Bank of America Securities Head of Research Investments Committee, says investors should start taking a peak at European banks for potential dividends.

George Rusnak, Wells Fargo Co-Head of Global Fixed Income Strategy, says the fiscal and monetary stimulus injected into the U.S. economy is necessary but will cause challenges over time. David Bianco, DWS Investment Management Chief Investment Strategist of Americas & Head of U.S. Equities, says the American financial system is sound, despite a few challenges. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says everybody focuses on the yield curve when they should be looking at the lack of revenue growth. Chris Verrone, Strategas Research Partners Head of Technical Analysis, says the signal from credit markets is a more important indicator for investors than the daily virus count.

Binky Chadha, Deutsche Bank Chief Global Strategist & Head of Asset Allocation, says need rates to start going up in order for cyclicals to perform. Mike Pyle, BlackRock Global Chief Investment Strategist, says he has confidence in European policy ahead of the EU Summit's proposed recovery fund. Lewis Alexander, Nomura Securities Chief U.S. Economist, says China's economy can't expand unless the rest of the world recovers and export demand picks up. Marta Wosinska, Duke-Margolis Center for Health Policy Deputy Director of Policy, says there are certain states in the U.S. where in-person learning can occur safely this fall.

Vitor Gaspar, IMF Director of Fiscal Affairs, says global debt is at some of the highest levels in history. Jim Paulsen, Leuthold Weeden Capital Management Chief Investment Officer, says U.S. markets are experiencing an expansion in a new bull market. Mohamed El-Erian, Allianz Chief Economic Advisor, says the migration of layoffs from small to large companies is causing an economic shift. Helane Becker, Cowen Senior Research Analyst, says up to 200,000 airline industry employees could lose their jobs in the fourth quarter.

Rob Waldner, Invesco Advisers Chief Strategist of Fixed Income & Head of Multi-Sector, says investors should do their homework before investing in assets that are dependent on economic recovery. Jill Carey Hall, Bank of America U.S. Equity Strategist & Head of U.S. SMID Cap Strategy, says small cap companies were a lot worse positioned before Covid-19 than before previous recessions. Michael Gapen, Barclays Chief U.S. Economist, says the service sector has only recovered about one-third of its lost jobs. Jason Farley, Johns Hopkins Nursing Professor, describes how antibody testing can help us determine a more accurate Covid-19 infection rate.

Ebrahim Rahbari, Citigroup Global Markets Global Head of FX Analysis & Content, says Brexit uncertainty will inevitably weigh on sterling and that the currency has found its bottom. Rep. Patrick McHenry, U.S. House Financial Services Committee Ranking Republican, says a tapering down of unemployment benefits may help in safely getting America's workforce back to normal. Ron Kirk, Former U.S. Trade Representative, says U.S. trade tariffs have compromised our ability to access the tools we need to fight Covid-19. Austan Goolsbee, University Of Chicago's Booth School of Business Professor, says the economies in the U.S. and Sweden will have a hard time recovering if the virus is not contained soon.

This is a special Bloomberg Surveillance podcast with our Chief Washington Correspondent Kevin Cirilli. Kevin spent the day talking to officials in the halls of the West Wing and we're putting those conversations together for you in this special podcast.

James Athey, Aberdeen Standard Investments Director, says it's very difficult for the world economy to thrive without the success of the United States. Isaac Boltansky, Compass Point Director of Policy Research, says Congress will likely roll out $1.5 trillion on subsequent stimulus spending. Jordan Rochester, Nomura FX Strategist, says U.S. growth will underperform the Eurozone this year, driving a weaker dollar. Ed Morse, Citigroup Global Head of Commodity Research, outlines opportunities in oil and natural gas.

Andrew Sheets, Morgan Stanley Chief Cross Asset Strategist, says the expectation of U.S. Fiscal stimulus is what is propelling economic expansion. Catherine Mann, Citi Global Chief Economist, explains why she thinks the codependency between the U.S. & China has turned negative. Kathy Hochul, New York Lieutenant Governor, says there is no coronavirus recovery for the United States without the recovery of New York. Alicia Levine, BNY Mellon Chief Investment Strategist, expects the next stimulus bill to surpass one trillion dollars because of the resurgence of virus cases in the south.

Larry Kudlow, National Economic Council Director, says the shape of the next relief package is still up in the air. Jeffrey Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says the fiscal policy support for financial markets is being funded in the treasury market. Jay Bryson, Wells Fargo Chief Economist, says big employment gains may be behind us as states reverse or halt reopening efforts. Keith Lockhart, Boston Pops Conductor, looks ahead to this year's socially-distanced Fourth of July Fireworks Spectacular.

Ambassador John Bolton, Former U.S. National Security Advisor & Author of "The Room Where it Happened,” says Trump's evolving explanation makes the U.S. ripe for the type of Russian interference that’s being alleged. Vasileios Gkionakis, Banque Lombard Odier & Cie FX Strategist, says the ingredients for a dollar downside are falling into place. Jan Loeys, JPMorgan Long-Term Investment Strategy Senior Adviser, says investors shouldn't be frustrated about short-term volatility between bond and equity markets. Stacey Widlitz, SW Retail Advisors President, says if retail companies shift to an appointment based format, they will see lower spending margins and increase overall returns online.

Liz Ann Sonders, Charles Schwab Chief Investment Strategist, says the economic recovery is more likely to look like rolling W’s than a V. Jes Staley, Barclays CEO, says the M&A market will not come back to major banks for a long time. David Lebovitz, JPMorgan Global Market Strategist, says the market has been standing on a three-legged stool: virus case growth, the outlook for economic reopening and the trajectory of corporate profits. Steven Major, HSBC Global Head of Fixed Income Research, says the banking system is financing the Fed's asset purchases through an increase of money it has recently absorbed. Tom Forte, DA Davidson & Co Senior Research Analyst, says Amazon could exit 2020 with a unionized labor force.

Tony Dwyer, Cannacord Genuity Equity Strategist, says the Fed can't fix exponential doubt in credit markets with infinite debt. Dr. Jonathan Quick, The Rockefeller Foundation Managing Director of Pandemic Response, Preparedness and Prevention, says leaders need to get more consistent in their coronavirus messaging. Dan Gelber, Mayor of Miami Beach, says the greatest concern for local governments is getting citizens to abide by federal instructions to slow the spread of coronavirus. Tiffany Wilding, PIMCO Chief Economist, says we will see a fiscal cliff in July if Congress does not create financial stimulus support for Americans.

Anna Han, Wells Fargo Equity Strategist, the domestic political risk in the U.S. looks under-priced heading towards an election cycle. Brent Schutte, Northwestern Mutual Chief Investment Strategist, says the Fed want you to take risk and will continue to try to get you to take risk. Kenneth Leon, CFRA Global Director of Industry & Equity Research, says projected loan losses for July could top $700 million. Brad Setser, Council on Foreign Relations Senior Fellow, describes how the Covid-19 pandemic is shifting geopolitical dynamics around the globe. Tim Adams, Institute of International Finance President and CEO, discusses the U.S. Stress test results.

Adam Neumann had a vision: to make his startup WeWork a wildly successful company that would change the world. He convinced thousands of other people -- customers, employees, investors -- that he could make that dream a reality. And for a while, he did. He was one of the most successful startup founders in the world. But then, in the span of just a few months, everything changed. Foundering is a new serialized podcast from the journalists at Bloomberg Technology. This season, we’ll tell you the story of WeWork, a company that captured the startup boom of the 2010s and also may be remembered as a spectacular bust that marked the end of an era. Catch the first two episodes of Foundering, now available on Apple Podcasts, Spotify, or wherever you listen.

LeBron James, Los Angeles Lakers Basketball Player & SpringHill Co. Chairman, discusses the impact he has felt from the "Black Lives Matter" movement. Mark Howard, BNP Paribas Senior Multi-Asset Specialist, says there could be a rally in yields during the fourth quarter. Sébastien Page, T. Rowe Price Global Multi-Asset Division Head, says now is not the time to be the hero between value and growth stock investments. Mario Gabelli, Gabelli Funds Co-Chief Investment Officer for value investments and GAMCO chairman and CEO, says corporate issuance is putting a lid on the market.

Lisa Shalett, Morgan Stanley Wealth Management Chief Investment Officer, says a pickup in capital spending intentions is a reason to remain bullish on the U.S. recovery. Michelle Meyer, Bank of America Head of U.S. Equities, says the U.S. economy is starting to approach healing and recovery phase. Henrietta Treyz, Veda Partners Director of Economic policy, says Congress is still stalled on both stimulus and infrastructure spending. Shahab Jalinoos, Credit Suisse Global Head of FX Strategy, says the nominal rate of the dollar does not offer any significant yield pickup. Daniel Boulud, Chef & Restaurateur, says fine dining is suffering at the moment, but its not dead due to Covid-19.

Jim Bullard, St. Louis Fed President, says there are more questions than answers about yield curve control right now. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, says government action has massively prevented the amount of company bankruptcies throughout this recession. Megan Greene, Harvard Kennedy School Senior Fellow, says it will be difficult to avoid a double dip recession without state and local funding from the federal government. Chris Krueger, Cowen Managing Director, describes how crucial the November election will be for President Trump.

William Dudley, Former New York Federal Reserve President and Bloomberg Opinion Columnist, warns that a $10 trillion Fed balance sheet could be coming, but says the risks seem manageable for now. James Sweeney, Credit Suisse Chief Economist, says housing inflation is likely to put pressure on U.S. inflation. Patrick Foye, MTA Chairman & CEO, describes the health precautions being taken in the New York City subway system as the city moves into phase 2 of its reopening plan. Jane Foley, Rabobank FX Strategist, says if the markets stay optimistic due to central bank funding, the dollar will suffer.

Sadiq Khan, London Mayor, warns the recession the U.K. is facing could turn into a depression. Torsten Slok, Deutsche Bank Chief Economist, says the Fed was correct in stabilizing financial markets, but the debt loads of companies have increased. Kathy Hochul, New York Lieutenant Governor, says New York City's economic return is an important part of the comeback for the entire nation. Bob Michele, JPMorgan Asset Management CIO and Head of Global Fixed Income, says the real yield has been a causality of this economic crisis.

Leland Miller, China Beige Book International CEO, says loan demand will be the absolute key thing to watch in China for the next three or four months. Kate Moore, BlackRock Head of Thematic Strategy for the Global Allocation Team, expects investors to ride the risk wave heading into the election cycle. Bob Crandall, Former American Airlines CEO, says it will be a long time before the airline industry sees as much business travel as they did pre-Covid-19. Dr. Vivian Lee, Verily Life Sciences President of Health Platforms & Author of "The Long Fix: Solving America's Health Care Crisis with Strategies," says testing asymptomatic people will be a critical component in getting people back to work. Craig Gordon, Bloomberg Washington Bureau Chief, says the current national poll numbers between Joe Biden and President Trump will narrow towards the election.

Kevin Warsh, Former Federal Reserve Governor, says the Fed acted with overwhelming force to shelter the U.S. economy from Covid-19. Richard Haass, CFR President, says American alliances may not survive a two-term Trump presidency. Edward Morse, Citigroup Global Head of Commodity Research, says supply actions will continue to dominate the oil market. Julia Coronado, Macropolicy Perspectives Founder, says the Fed's forecast of 10% unemployment by year's end is not unreasonable. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says the rate of change in equity markets will continue to be positive for the rest of the year. Barry Eichengreen, University of California Berkeley Professor, Barry Eichengreen, University of California Berkeley Professor, discuses “the political scar of epidemics."

Eugene Scalia, U.S. Secretary of Labor, says we are making real headway on the employment picture. Mike Feroli, JPMorgan Chief U.S. Economist, says further stimulus would be insurance against a relapse into more economic weakness. Dr. Peter Hotez, Baylor College of Medicine Dean, says a widely distributed Covid-19 vaccine will not be ready by the end of this year. Kenneth Rogoff, Harvard University Public Policy and Economics Professor, says negative interest rates should absolutely still be on the table. Anne Richards, Fidelity International CEO, says dividend cuts by companies are not all permanent, but some will be.

+Steve Sadove, Former Saks CEO & Mastercard Senior Adviser, says retail is in a reset period and a lot of stores will go under. Alan Ruskin, Deutsche Bank Chief International Strategist, says the U.S. government has done a remarkable job in front-loading policy easing on both the fiscal and monetary sides. George Magnus, University of Oxford Research Associate, says the production side of China's economy is recovering well, but the demand side has not been. Stephen Gallo, BMO European Head of FX Strategy, says the medium-term growth outlook will be heavily shaped by the success or failure of government intervention.

Mohamed El-Erian, Allianz Chief Economic Adviser & Bloomberg Opinion Columnist, sees a check mark-shaped recovery subject to a lot of volatility. Dean Curnutt, Macro Risk Advisors CEO, says a lower VIX index is part of the Fed's playbook. Jeremy Stein, Harvard Professor of Economics, says having a strong, capitalized banking sector will help economic recovery in the next year. Kathy Hochul, New York Lieutenant Governor, says New York's reopening has been going phenomenally well across the state.

Alessio De Longis, Invesco Investment Solutions Senior Portfolio Manager, says the surge in U.S. virus cases shows why reopening is such a delicate process. Howard Koh, Former Assistant HHS Secretary and Harvard T.H. Chan School of Public Health Professor, says Covid-19 is far from over and we need a unified approach to the pandemic going forward. George Bory, Wells Fargo Asset Management Head of Fixed Income Strategy, says we should expect a long, drawn out economic recovery with the potential of more shocks. Amy Liu, Brookings Institution Metropolitan Policy Program Vice President and Director, says the U.S. needs a stronger vision for world-class modern infrastructure. Jameelah Robinson, M.S.

Raghuram Rajan, University of Chicago Booth School Professor & Former Reserve Bank of India Governor, says the Fed is doing a fantastic job cooperating with the government, but there has to be a reciprocal arrangement from the government side to respect the Fed's independence. Laurence Boone, OECD Chief Economist, says it will be very difficult to renew the type of economic growth that we had pre-pandemic without global cooperation. Priya Misra, TD Securities Head of Global Rates Strategy, says the market is trying to test the Fed to see how accommodating it will be. William Rudin, Rudin Management CEO, says New York City will be at the forefront of job creations and dealing with racial injustice issues.

Robert Doll, Nuveen Asset Management Chief Equity Strategist, says it will take many quarters to find new economic ground. Olivier Blanchard, Peterson Institute for International Economics Senior Fellow, sees bumpy recovery ahead for Europe. Lakshman Achuthan, Economic Cycle Research Institute COO & Co-Founder, says even a partial recovery will lift the economy from its lows. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says the focus is on inflation and inflation expectations. Susan Lund, McKinsey Global Institute Partner, says the Covid-19 pandemic may worsen the wage gap in the United States.

Mike Swell, Goldman Sachs Asset Management Co-Head of Global Fixed Income Portfolio Management, the U.S. Economy needs to be repaired. Amrita Sen, Energy Aspects Chief Oil Analyst, says supply is falling faster than demand in the oil sector. Daniel Morris, BNP Paribas Asset Management Senior Investment Strategist believes a second wave of Covid-19 is likely, with a lesser economic impact. Patrick Foye, MTA Chairman, says the MTA and every other transit agency will require federal aid to get through 2020.

Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, reacts to the unexpectedly positive jobs report. Tiffany Wilding, PIMCO U.S. Economist, says the labor department report does not really capture people who have been furloughed. Yelena Shulyatyeva, Bloomberg Senior U.S. Economist, says the May jobs data underestimate the wage gap. Dr. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says multiple vaccine trials for Covid-19 are progressing to a second phase.

David Lebovitz, JPMorgan Investment Management Global Market Strategist, says today's market structure is very different than in the past, signaled by the speed of which markets have bounced back. Kathy Hochul, New York Lieutenant Governor, says New York City is prepared for the first phase of its reopening on Monday. Greg Boutle, BNP Paribas Head of U.S. Equity & Derivative Strategy, says there is a disconnect in U.S. economic outlook and the equity market. Admiral James Stavridis, Bloomberg Opinion Columnist & Former Supreme Allied Commander at NATO, speaks out against President Trump's threat to use military to stop protests.

Jared Bernstein, Center on Budget and Policy Priorities Senior Fellow, says it is critical the federal sector is amply funded to protect the American people from future crises. Bill Dudley, Former New York Fed President and Former FOMC Vice Chair, says some of the Fed's market support has created a little bit of moral hazard. Steve Chiavarone, Federated Hermes Portfolio Manager, says GDP levels will not get back to where they were until the end of 2021. Tobias Levkovich, Citi Chief U.S. Equity Strategist, believes that the pandemic has accelerated certain trends that were already underway, including those in retail and tele-medicine. David Malpass, World Bank President, discusses challenges in deploring money to poor countries and the scale of debt relief the bank plans to implement in the upcoming months.

Lewis Alexander, Nomura Chief U.S. Economist, says the U.S. unemployment rate will continue to rise before this recession is over. David Kostin, Goldman Sachs Chief U.S. Equity Strategist, says the current market rally has been driven by a select group of companies. Ian Bremmer, Eurasia Group President, says the U.S. is not on the brink of civil war. Dennis Gartman, Retired Editor of The Gartman Letter, says he finds it very difficult to be bullish on risk assets.

David Herro, Harris Associates CIO of International Equity, says Europe is beginning to see normalized light at the end of this dark economic tunnel. Richard Haass, Council on Foreign Relations President, says President Trump has to step up to the moment and stop the divisive tweets and personal attacks. Ethan Harris, Bank of America Merrill Lynch Head of Global Economics Research, says data shows we are starting to move off the economic bottom. Meredith Sumpter, Eurasia Group Head of Research Strategy, says emerging market economies will struggle to balance with the competing pressures from the U.S. and China.

Jared Woodard, Bank of America Securities Head of the Research Investment Committee, says a bull rally needs to be much broader in markets. Ebrahim Rahbari, Citi Global Head of FX Analysis, says the dollar bull market can still continue. Myron Brilliant, Head of International Affairs at the U.S. Chamber of Commerce, says the U.S.-China relationship has never been more complex. David Rubenstein, Carlyle Group Co-Founder & Co-Chairman and Host of Leadership Live, speaks with Youtube CEO Susan Wojcicki about the platform's system for monitoring content. Loretta Mester, Federal Reserve Bank of Cleveland President, says the Yield Curve is the support for forward guidance.

Christopher Patten, Former Governor of Hong Kong, says China must pay a price for Hong Kong and emphasizes the need for a unified global response against Xi Jinping. Evan Brown, UBS Asset Management Head of Multi-Asset, says Europe is crucially relying on a bridge being built by the ECB. Jonathan Fenby, TS Lombard China Research Chairman, says the loss of Hong Kong's special trading status with the U.S. would hurt Hong Kong more than China. Geoffrey Okamoto, IMF's First Deputy Managing Director, says the IMF entered this crisis better resourced than any prior crisis. Thierry Wizman, Macquarie Director of Global Currencies & Interest Rate Strategist, sees dollar weakening against the euro and the pound going into the second half of 2020.

Julian Emanuel, BTIG Chief Equities and Derivatices Strategist, says I am not entirely sold on the idea that we have entered a bull market. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, says we have to get through deflation before we worry about inflation. Marty Walsh, Mayor of Boston, says the reopening process should be done state-by state, not federally. Leland Miller, China Beige Book CEO, says sanctions are looming over Hong Kong.

Mona Mahajan, Allianz Global Investors, discusses the importance of being selective when investing in a risk/reward industry like the airline sector. Labor Secretary Eugene Scalia discusses whether the $600 unemployment supplement should be extended when the program expires in July. Dan Tarullo, Former Federal Reserve Governor, says income support for the nation's unemployed needs to be the highest priority right now. Nelson Griggs, Nasdaq Stock Exchange President and Nasdaq's Corporate Services Business EVP, says there is a chance of a healthy IPO sector as markets look to recovery. Neysa Ernst, Johns Hopkins Hospital Department of Medicine Nurse Manager, says Covid-19 was a big wake up call about how limited ICU nursing resources are.

Tobias Levkovich, Citi Chief U.S. Equity Strategist, says FOMU (Fear of Meaningfully Underperforming), not FOMO (Fear of Missing Out), has played a role in the recent rally. Yvonne Man, Bloomberg Markets Asia Anchor, says the stage is set for another repeat of protests in Hong Kong. Priya Misra TD Securities Head of Global Rates Strategy, says the Fed has no option but to go into yield curve control. Diane Swonk, Grant Thornton Chief Economist, says American consumers will remain hesitant because of the fear of contagion, regardless of whether the economy is open or not. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, discusses the challenges countries in the southern hemisphere are facing in controlling the coronavirus outbreak.

Sebastien Galy, Nordea Asset Management Senior Macro Strategist, says negative rates are possible in the U.S. and could have a powerful impact on the dollar. Steve Ricchiuto, Mizuho Securities Chief U.S. Economist, says the ability to get the labor market back to where it was will take several years. Steve Auth, Federated Hermes CIO of Equities, believes there will be a manufacturing renaissance once COVID-19 has successfully been combated. Jason Farley, Johns Hopkins University Professor of Nursing, says there are "glimmers of hope" in the effort to stabilize the spread of Covid-19.

Joyce Chang, JPMorgan Chair of Global Research, says she could see negative yields happening in the U.S., but doesn't see Fed policy going below zero. Matthew Harrison, Morgan Stanley Head of Biotechnology Research, says the level of antibodies that are protective for people with Covid-19 is still unknown. Megan Greene, Harvard Kennedy Senior Fellow, says the coronavirus pandemic has exposed a lot of broken aspects of the United States. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, says we have to continue to support the W.H.O. and their role in pandemic preparedness and response. Ron Temple, Lazard Asset Management Co-Head of Multi-Asset and Head of U.S. Equity, says there needs to be more focus on the looming retirement crisis.

Jeff Currie, Goldman Sachs Global Head of Commodities Research, says there is far too much optimism in oil markets and sees gold heading towards $1,800/oz near term. Jim O'Sullivan, TD Securities Chief U.S. Macro Strategist, expects most of the major job losses to be behind us once we get through May. Brian Moynihan, Bank of America Chairman and CEO, says the economy is unlikely to experience a recovery until the end of next year. Neysa Ernst, Johns Hopkins Hospital Department of Medicine Nurse Manager, stresses why it is important to continue the use of masks and social distancing in order to keep ahead of the curve. Campbell Harvey, Duke Finance Professor, says the policy response to COVID-19 pandemic has been a black swan.

Lisa Shalett, Morgan Stanley Wealth Management Chief Investment Officer, says the fear trade has been holding the U.S. dollar up in the near term. Ian Sheperdson, Pantheon Macroeconomics Founder & Chief Economist, says markets are expecting further aid from the U.S. government. Peter Hayes, Head of BlackRock's Municipal Bonds Group, says states and cities are facing a liquidity issue rather than a solvency issue. Freya Beamish, Pantheon Macroeconomics Chief Asia Economist, says the recovery in China is likely to underperform in the second half of the year. Joshua Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, says there are a lot of positive signs that there is evidence of immunity, but a case hasn't been proven yet.

Troy Gayeski, Skybridge Capital Partner Co-CIO & Senior Portfolio Manager, says the divergence between equity markets and credit is as large as it has been since the financial crisis. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says the Fed will try to employ yield curve control once it has exhausted other options. Andrew Hollenhorst, Citi Chief U.S. Economist, says consumer demand will vary from sector to sector during an uncertain recovery phase for the economy. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says we need to start getting ahead of the virus through accurate testing.

Ebrahim Rahbari, Citi Global Head of FX Analysis, doesn't expect the economy to come out of recession until 2022. George Magnus, University of Oxford Research Associate at the China Centre, says the frosty relationship between the United States and China is chipping away their economic interdependence. Julia Coronado, Macroeconomic Policy President and Founder, says the current U.S. economic shutdown will be longer than anticipated. Randy Kroszner, University of Chicago Professor & Former Fed Governor, says it would take extreme circumstances such as significant deflation for the Fed to consider negative rates. Jason Farley, Johns Hopkins University Professor of Nursing, discusses what we know about the likelihood of becoming reinfected with Covid-19.

Jack Ablin, Cresset Wealth Advisors Chief Investment Officer & Founding Partner, says equity investors are currently looking at their portfolios like bond investors. Christian Keller, Barclays Head of Economics Research, explains why the prospect of a V-shaped recovery is not a fantasy. Priya Misra TD Securities Head of Global Rates Strategy, says the market is not pricing in rate hikes until 2024. Admiral James Stavridis, Bloomberg Opinion Columnist, Carlyle Group Advisor & Former Supreme Allied Commander at NATO, discusses the essential steps to prevent history from repeating itself post-pandemic. David Rubenstein, Carlyle Group Co-Founder & Co-Executive Chairman and Host of Leadership Live, discusses his interview with Nasdaq CEO Adena Friedman. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, says Dr. Fauci’s path to reopening is the one to follow.

Michael Shaoul, Marketfield Asset Management Chairman, Portfolio Manager & CEO, says the disturbance caused by the virus has ratcheted up the need to use and invest in technology. Marvin Loh, State Street Senior Global Market Strategist, says Northern Asia appears more favorable than U.S. stocks for investors right now. Claudia Sahm, Washington Center for Equitable Growth Director of Macroeconomic Policy and Former Fed Economist, says we're falling into a deflationary spiral and barreling towards a depression. Richard Haass, Council on Foreign Relations President, talks about his new book, "The World: A Brief Introduction," and navigating the biggest challenges coming in the 21st century. Michelle Patch, Johns Hopkins University School of Nursing Assistant Professor, says there has been an improvement in availability of ventilators for COVID-19 patients.

Joe Quinlan, Merrill and Bank of America Private Bank Head of CIO Market Strategy, says technology and health care will lead the recovery from the pandemic. Dean Curnutt, Macro Risk Advisors CEO, explains why he thinks gold deserves increased allocation in portfolios. Rep. Trey Hollingsworth, U.S. Representative for Indiana's 9th congressional district, says there is not enough money in Washington, D.C. to save businesses in the long term., Michelle Meyer, Bank of America Securities Head of U.S. Economics, says the unemployment rate will rise, but the month of April was the worst in terms of job destruction. Gary Shilling, A. Gary Shilling & Co. President and Bloomberg Opinion Columnist, thinks this will be the greatest shock to the world's economy since World War II. Joshua Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, says opening retail requires more than masks and gloves.

Catherine Mann, Citi Global Chief Economist, says the disconnect between wages and prices could get bigger when the economy opens back up. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says that out of the 30 million jobless claims filed, it is reasonable to expect about 10-12 million jobs to return by the end of the year. Jeff Rosenberg, Senior Portfolio Manager on BlackRock's Systematic Fixed Income Team, says the path of the recovery will be informed by how many temporary layoffs become permanent. Lawrence Kudlow, National Economic Council Director, expects a significant bounce back in growth in the second half of the year. Dr. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says things have been moving forward at light speed when it comes to vaccine testing.

Nouriel Roubini, NYU Stern School of Business Professor & NourielToday.com Host, expects a two-quarter recession from the coronavirus crisis. Andrew Bailey, Bank of England Governor, says the BOE is not ruling out any further measures, after rates remained unchanged. Marcus Ashworth, Bloomberg Opinion Columnist, breaks down the BOE decision. Ben Laidler, Tower Hudson Research CEO, says the growth of the labor market after reopening will be reasonably slow. David Page, AXA Investment Managers Head of Macro Research, expects U.S. unemployment to peak in May. Jason Farley, Johns Hopkins University Professor of Nursing, explains how genetics could affect a person's response to COVID-19.

James Bevan, CCLA Chief Investment Officer, says he's holding cash because he's worried about the disconnect between fundamentals and the markets. Joyce Chang, JPMorgan Chair of Global Research, says the Fed has taken on the role of the central banker to the world to avert a systemic shock to the global financial markets. Michael Feroli, JPMorgan Chief US Economist, explains why he thinks unemployment is closer to 20% and might be underrepresented because of the way the data is collected. Gene Sperling, Former Director of the National Economic Council talks about his new book "Economic Dignity." Michelle Patch, Johns Hopkins School of Nursing Assistant Professor speaks to the complications of Covid-19.

David Bailin, Citi Private Bank Chief Investment Officer, says reopening the U.S. economy focuses on rebuilding supply lines and consumer demand. Kathy Hochul, New York Lieutenant Governor, says the post-pandemic recovery will include re-imagining the workplace and the education system. John Normand, JPMorgan Head of Cross Asset Fundamental Strategy, says equities are overpriced. Howard Davies, RBS Chairman, says the coronavirus crisis will accelerate the trend towards remote banking and alter the competitive environment. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, discusses concerns related to the re-opening of the U.S. economy.

Matt Hornbach, Morgan Stanley Global Head of Macro Strategy, says bond markets are caught between a fiscal rock and a QE hard place. Jane Foley, Rabobank Head of FX Strategy, says she sees the risk of another dip towards EUR/USD 1.08 in the coming weeks. Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says we are looking at several weeks of uncertainty in regards to when the economy will re-open. Bill Smead, CIO of Smead capital Management recaps Airline stocks in sharp decline as Warren Buffett Exits Positions. Josh Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement discusses the the coronavirus curve in the U.S.

Gene Munster, Loup Ventures Managing Partner & Analyst, says Apple was the most at-risk large U.S. tech company for reporting a disappointing quarter due to the company’s hardware businesses and exposure to China. Mohamed Younis, Gallup Editor-in Chief, says most Americans are putting their trust in local officials to get them out of the economic hole caused by the coronavirus pandemic. Henrietta Treyz, Veda Partners Director of Economic Policy, explains how the nature of the U.S.-China trade dispute will change because of the coronavirus outbreak. Michael Gapen, Barclays Chief U.S. Economist, says the U.S. unemployment rate may rise as high as 19% in April and remain elevated for several years. Dr. Andrew Pekosz, Johns Hopkins Bloomberg School of Public Health, says he has a lot of hope for antibody testing.

Dan Katzive, BNP Paribas Head of FX Strategy for North America, says the euro is cheap against the dollar and far from its long-term equilibrium level of around $1.30. Danny Blanchflower, Dartmouth College Economist and former BOE Monetary Policy Committee Member, says this may be the worst global economic decline he has ever seen. Jason Farley, John Hopkins University Nursing Professor, says we need to speed up our testing capacity. Krish Sankar, Cowen Senior Research Analyst, says the stability of Apple's balance sheet has been a major selling point for many of its shareholders. Craig Moffett, Moffettnathanson Founding Partner & Senior Research Analyst recaps tech and media data

Eric Robertsen, Standard Chartered Bank Global Head of Research, says the Fed's balance sheet can go wider, but does not expect any major surprises at this point. Randy Kroszner, University of Chicago Professor & Former Fed Governor, discusses how the Fed may unwind its balance sheet. Stephen Stanley, Amherst Pierpont Chief Economist, expects second quarter U.S. GDP numbers to be even worse than first quarter ones. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, says coronavirus testing still has a long way to go. David Rubenstein, Carlyle Group Co-Founder & Co-Executive Chairman and Host of Leadership Live, discusses his interview with Cargill CEO Dave MacLennan.

Amrita Sen, Energy Aspects Chief Oil Analyst, says supply recovery is likely to lag the rise in demand for oil. Valdis Dombrovskis, European Commission Vice President, says the bank consolidation process is already gradually happening in Europe. David Herro, Harris Associates Chief Investment Officer of International Equities, says the greater the spread between growth and value, the better the future looks. Robert Shiller, Yale University Professor and Nobel Laureate in economics talks about how human psychology amid the pandemic could play out in the stock market. Neysa Ernst, Johns Hopkins Hospital Department of Medicine Nurse Manager, says training the non-ICU nursing workforce to safely care for COVID-19 ICU patients has been going well. Kathy Hochul, New York Lieutenant Governor, says she is working with Governor Cuomo to rebuild a better New York City and New York State than before coronavirus.

Marvin Loh, State Street Senior Global Market Strategist, says big tech stocks can maintain their competitive advantage. Rep. French Hill, Republican U.S. Representative for Arkansas's 2nd congressional district, says that not having a functioning supply chain will affect every state in the U.S. Stephen Schork, The Schork Report Founder & Editor, says the economy is dead and that we are in a great depression. Joshua Sharfstein Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, explains the best way to interpret coronavirus studies as more start coming out. Austan Goolsbee, University of Chicago Booth School of Business Professor, says historically, societies affected by plagues have taken on nationalistic behaviors.

Alan Ruskin, Deutsche Bank Chief International Strategist, says that U.S. policy measures have inevitably expanded debt as far as the eye can see. Francisco Blanch, Bank of America Global Head of Commodities & Derivatives Research, says U.S. GDP will see the steepest drop in modern history due to the COVID-19 lockdowns. David Kelly, JPMorgan Asset Management Chief Global Strategist, expects economic recovery in the second half of next year, but worries about the unanticipated impact of financing 'an awful lot of misery' until that time. Leslie Vinjamuri, Chatham House Head of U.S. and Americas Programme, says it's difficult to predict how much more stimulus is needed to combat the coronavirus’s economic impact. Dr. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says the broad spectrum of disease induced by the novel coronavirus complicates the effectiveness of drug treatments.

Paul Sankey, Mizuho Americas Oil & Gas Analyst, says crude futures could trade negatively again in May, if commodity trade advisors who must get out of their positions the day before settlement "get caught again." Savita Subramanian, Bank of America Head of U.S. Equity and Quantitative Strategy, says earnings have come down, but prices are still relatively high. Narayana Kocherlakota, University of Rochester Economics Professor, Former Head of the Minneapolis Fed and Bloomberg Opinion Columnist, says that as long as interest rates & inflation remain low, congress and the Fed will continue to feel comfortable with expansionary programs. Jason Farley, John Hopkins University Nursing Professor, says he fully expects a second wave of COVID-19 infections. Jon Lieber, Eurasia Group Managing Director for the United States, says President Trump's immigration order is less about protecting jobs and more about setting up a contrast on immigration with Joe Biden in the fall election.

Amrita Sen, Energy Aspects Chief Oil Analyst, says oil production has to fall quickly for prices to recover. Karen G. Mills, Harvard Business School Senior Fellow and Former Head of U.S. Small Business Administration, says she is more optimistic about this next round of funding for small businesses. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, says the CDC needs support to roll out broad, systematic testing. Sebastien Galy, Nordea Asset Management Senior Macro Strategist, says the United States cannot sustain the decline in oil prices for long.

Greg Boutle, BNP Paribas US Head of Equity and Derivative Strategy, says equities are now more expensive than they were before the recent turmoil. Martijn Rats, Morgan Stanley Global Oil Strategist, says the restart of oil demand will likely be uneven across crude products so we'll likely see more driving before flying again. Kathy Hochul, New York Lieutenant Governor, says the state of New York is projected to lose at least $15 Billion dollars in revenue in this budget year. Michelle Patch, Johns Hopkins School of Nursing Assistant Professor, examines the emotional toll of the coronavirus pandemic.

Jim Caron, Morgan Stanley Investment Management Fixed Income Portfolio Manager, says this is a bond picker's market and investors need to be selective. Erik Nielsen, UniCredit Group Chief Economist, says that this recession will be deep with a very brief duration. Josh Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, says that we have seen a plateau in virus cases in the United States. Gideon Rose, Foreign Affairs Magazine Editor, says meaningful climate change policies could be followed now that don't involve shutting down the entire world.

Tony Dwyer, Canaccord Genuity Chief Market Strategist, says he would not bet against the market and that this is a good time to remain neutral. Federal Reserve Bank of Cleveland President Loretta Mester says it’s going to take time for economy to reopen and that it needs to be done very carefully. Dr. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says that right now there really is no good evidence to suggest that people are getting reinfected after their first exposure. Jared Bernstein, Center on Budget and Policy Administration Senior Fellow and Former Economic Adviser to Vice President Joseph Biden, says the U.S. is very behind the curve on testing for COVID-19.

Savita Subramanian, Bank of America Head of U.S. Equity and Quantitative Strategy, says we're in a fast and furious market. Jason Farley, Johns Hopkins University Professor of Nursing, says we are being very resilient in our efforts to make sure we have enough personal protective equipment. Michelle Meyer, BofA Securities Head of U.S. Economics, says the latest U.S. jobless claims numbers suggest an unemployment rate of 14%-15%. Peter Hooper, Deutsche Bank Securities Global Head of Economic Research, says unemployment is short of Great Depression levels in large part due to the Fed and Congress. Henrietta Treyz, Veda Partners Director of Economic Policy, says the current plan to reopen the economy is a mess because of the White House administration. David Rubenstein, Carlyle Co-Chairman and host of Peer-to-Peer Conversations, discusses his interview with Didi President Jean Liu.

Joseph Stiglitz, Columbia University Professor, says Trump's decision to withhold W.H.O. funding is like defunding a fire department in the middle of a fire. Lauren Sauer Johns Hopkins University Assistant Professor of Emergency Medicine, says a coronavirus vaccine for the general public is likely one year away. Ken Leon, CFRA Director of Equity Research, says there is real risk in commercial real estate and construction at this time. Bill Priest, Epoch Investment Partners Executive Chairman and Co-Chief Investment Officer, says don't expect any buybacks by any U.S. bank this year.

Tom Michaud, KBW CEO, says he has never seen a recession come this quickly and this hard. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, warns that earnings season will show collateral damage from the coronavirus pandemic. Jay Bryson, Wells Fargo Acting Chief Economist, says the unemployment rate will not go back to 3.5 percent this year. Michelle Patch, Johns Hopkins University School of Nursing Assistant Professor, details the physical and emotional toll taken on by medical workers during the COVID-19 epidemic. Harry Tchilinguirian, BNP Paribas Head of Commodity Research & Senior Oil Analyst, does not expect a sustained recovery in the oil price until pent-up demand is released in Q3.

Federal Reserve Vice Chairman Richard Clarida says the central bank has the tools needed to keep the U.S. out of a deflationary trap, even as the coronavirus deals a severe hit to the economy. Dennis Gartman, Retired Editor of the Gartman Letter, says this is a time to own gold. Betsy Graseck, Morgan Stanley Head of Banks & Diversified Finance Research looks ahead to bank earnings and discusses the metrics she says will matter the most. Dr. Josh Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean of Public Health Practice and Community Engagement, says people who were reasonably sick from the coronavirus infection and got better are unlikely to get that sick again.

James Sweeney, Credit Suisse Chief Economist & CIO Americas, says the Fed is using the most aggressive tools it has to keep money flowing. Kristalina Georgieva, IMF Managing Director, says the world needs massive, well-targeted measures to help combat the coronavirus crisis. Ed Morse, Citi Research Global Head of Commodities, discusses President Trump's options if OPEC+ doesn't reach a deal. Jason Farley, Johns Hopkins University Professor of Nursing, says it is the immune system's response to the virus that is causing the issue, rather than the virus itself.

Troy Gayeski, Skybridge Capital Partner Co-Chief Investment Officer & Senior Portfolio Manager, says if the market does not bottom until after Q2, there will be a much longer downside stretch than anticipated. Kathy Hochul, New York Lieutenant Governor, says broad virus testing is needed before the New York economy reopens. Stephen Roach, Yale University Professor, former Morgan Stanley Asia Chairman and former Morgan Stanley Chief Economist, says countries need to be careful about pointing fingers during this crisis. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, discusses how hospitals are handling the surge of coronavirus patients. Paul Sankey, Mizuho Americas Oil & Gas Analyst, says the market will deliver cuts, and they will be deeper than any OPEC+ agreements.

Meredith Sumpter, Eurasia Group Head of Research Strategy, says China's global influence will increase during the coronavirus crisis. Gabriela Santos, JPM Asset Management Global Market Strategist, says that the U.S. may be one of the last countries to rid itself of the coronavirus crisis, from a health and economic perspective. William White, Former Chairman of the OECD Economic and Development Review Committee, is fearful that so much money-printing for so long won't re-stimulate the economy after the crisis is over. Ron Temple, Lazard Asset Management Co-Head Of Multi Asset Head of US Equity & Managing Director, says we need to see a continuation of Fed and fiscal stimulus. Alessandro Rebucci, Johns Hopkins University Carey Business School Associate Professor of Economics & Finance, says emerging markets will be put under extreme strain and are much less capable of absorbing the health dimensions of the coronavirus crisis.

Charles Kantor, Neuberger Berman Long Short Fund Senior Portfolio Manager, is very bullish on America's recovery, saying there is more than enough federal stimulus for now. Joyce Chang, JPMorgan Chair of Global Research, says revisions on dividends and earnings will continue. Joshua Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, says it's important to temper expectations about potential coronavirus treatments. Ted Alden, CFR Senior Fellow & Author of "Failure to Adjust: How Americans Got Left Behind in the Global Economy," says there are a lot of incentives now for countries to pursue more nationalist policies. Martijn Rats, Morgan Stanley Global Oil Strategist, says the oil market is trading at an unusually deep discount.

Jeffrey Rosenberg, Senior Portfolio Manager on BlackRock's Systematic Fixed Income Team, believes it will be a long time before consumer behavior and confidence is restored in the U.S. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says a strong social safety net will keep a coronavirus recession from becoming a depression. Larry Kudlow, National Economic Council Director, says he does not expect to see any movements in regards to tariffs right now. Amrita Sen, Energy Aspects Chief Oil Analyst, says no amount of oil supply cut will take care of the demand losses.

Lori Calvasina, RBC Capital Markets, says the end of March market rally was due to a positive reaction out of Washington. Jason Furman, Harvard University professor and Former Obama Economic Advisor, says there will be very high unemployment for the rest of this year and next year. Michael Gapen, Barclays Chief U.S. Economist, says March jobs report is already old news; jobless claims data is the most important information we have. Jonathan Miller, Miller Samuel Real Estate Appraisers & Consultants, details how the housing market is dealing with fallout from the coronavirus.

Olivier Blanchard, Peterson Institute Senior Fellow, says getting the infection rate down is an absolute priority. Bill Dudley, Former New York Fed President, says the post-pandemic economic recovery will not be as powerful as hoped because of higher debt burdens. Abby Joseph Cohen, Goldman Sachs Advisory Director & Senior Investment Strategist, says that U.S. monetary and fiscal policy is moving in the right direction. Michael Shaoul, Marketfield Asset Management Chairman & Portfolio Manager, says there is nothing normal about where markets are today. David Rubenstein, Carlyle Group Co-Chairman, breaks down his interview with Former U.S. Defense Secretary James Mattis.

Carmen Reinhart, Harvard Kennedy School Professor of the International Finance System, says the coronavirus, Saudi-Russia oil war, and risk of debt defaults have created a perfect storm for emerging markets. Mohamed Younis, Gallup Editor in Chief, reports that 52% of working Americans say their financial situation has already been affected by the coronavirus. Oliver Chen, Cowen Senior Equity Research Analyst, says the speed and viability of consumer spending post-crisis will be challenging. Shahab Jalinoos Credit Suisse Head of FX and Macro Trading Strategy, expects dollar strength to be relatively short-term. Julia Coronado, MacroPolicy Perspectives Founder & President, says the effectiveness of U.S. fiscal stimulus measures will determine if businesses can stay open and restart operations.

Francisco Blanch, Bank of America Global Head of Commodities & Derivatives Research, expects to see the steepest decline in global oil consumption before the summer. James Bullard, Federal Reserve Bank of St. Louis President, says the Fed has capacity to carry 10% more debt. Bruce Kasman, JPMorgan Chief Economist and Managing Director of Global Research, says he wouldn't be surprised to see more Fed action. Richard Haass, Council on Foreign Relations President, says the United States will become less dependent on single supply sources in the future as a result of the coronavirus. Sebastien Galy, Nordea Bank Senior Macro Strategist, believes the Fed will continue to surprise and adapt to this brutal situation.

Catherine Mann, Citi Global Chief Economist, says there will be no second half rebound in 2020 if businesses that do not borrow bonds go bankrupt. Robert Kaplan, Federal Reserve Bank of Dallas President, sees a substantial contraction in the second quarter, but says the economy will get stronger heading into 2021. Raphael Bostic, Federal Reserve Bank of Atlanta President, says the economy may rebound quite robustly once the public health crisis is under control. Darrell Cronk, Wells Fargo Wealth & Investment Management CIO, says it is still a good idea to remain defensive on stocks. Dr. Krutika Kuppalli, Johns Hopkins Center for Health Security Fellow and Infectious Disease Physician, says there will be a resurgence in the number of coronavirus cases if businesses open too soon.

David Kelly, JPMorgan Asset Management Chief Global Strategist, says the economy should be held in suspended animation until coronavirus is under control. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says this is just the beginning of jobless claims being elevated. Leslie Vinjamuri, Chatham House Head of U.S. and Americas Programme, says the Senate's $2 trillion stimulus package is extraordinary but the cause of the coronavirus pandemic must still be dealt with. Karen G. Mills, Former Head of the U.S. Small Business Administration, estimates more than half of the 3.3 million U.S. jobs lost were from small businesses.

Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, believes we are entering a steep recession with tremendous policy response to follow. Raghuram Rajan, University of Chicago Booth School of Business Professor and former RBI Governor, discusses what India needs to do to combat the coronavirus crisis as the country locks down its population of 1.3 billion people. Carl Weinberg, High Frequency Economics Founder & Chief Economist, says we don't know the state of the economy of any major country in the world right now. Pavlina Tcherneva, Bard College Associate Professor of Economics, says the U.S. fiscal stimulus plan's focus on income support is the right thing to do. Jared Bernstein, Center on Budget and Policy Priorities Senior Fellow, says state fiscal relief is an essential missing part of congress's coronavirus stimulus package.

Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says sellers are exhausted and a bottoming process is starting. Angela Rasmussen, Columbia University Virologist, says opening back up parts of the U.S. economy is a bad idea without further virus testing. Randall Kroszner, Former Federal Reserve Board Member, says the Fed's actions have been crucial in avoiding a financial crisis so far. Bob Crandall, Former AMR Corp. President, CEO & Chairman, says the government needs to make a public investment in the airline industry in order to keep it functional. Leland Miller, China Beige Book CEO, says the idea of a full economic recovery any time soon is nonsense.

Peter Hooper, Deutsche Bank Global Head of Economic Research, says there is no question that the economy is going into free-fall in the near term. Mike Darda, MKM Partners Chief Economist & Macro Strategist, says the Fed is starting to get some traction as the central bank announces a massive second wave of initiatives to support the U.S. economy. Diane Swonk, Grant Thornton Chief Economist, says congress must act now to help all sides of the economy. Ben Laidler, Tower Hudson Research CEO, expects a lot more pain for the financials.

Steve Wieting, Citi Private Bank Global Chief Investment Strategist, says this is a bad time to sell investments. Patrick Armstrong, Plurimi Wealth CIO, says earnings are going to be decimated for a lot of industries in Q2. Francisco Blanch, Bank of America Global Head of Commodities & Derivatives Research, says the hardest part of this crisis is not knowing the demand growth we'll get in Q2. Michelle Meyer, Bank of America Head of U.S. Economics predicts U.S. GDP will drop 12% in the second quarter.

Jack Ablin, Cresset Wealth Advisors CIO & Founding Partner, explains why Modern Monetary Theory could be part of the fiscal and monetary policy response to the coronavirus crisis. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says I've never seen this kind of volatility in the treasury market. Nathan Sheets, PGIM Fixed Income Economist and Macroeconomic Research, says we should expect over one trillion dollars in fiscal stimulus within the next ten days. Sam Stovall, CFRA Chief Investment Strategist, says the Fed could reopen its arsenal activities used to combat the financial crisis of 2008.

Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says signs are showing that a bottoming process has begun in stocks. Bill Dudley, Bloomberg Opinion Columnist & Former New York Fed President, says the Fed can do very little about the initial demand shock from the coronavirus. Carl Riccadonna, Bloomberg Economics Chief U.S. Economist, says the Fed is taking market stabilizing measures, but not looking to stimulate the economy. Frances Donald, Manulife Investment Management Global Chief Economist & Head of Macro Strategy, says the coronavirus has been a shock that has slowed down the U.S. consumer.

Jane Foley, Rabobank Head of FX Strategy, says the Euro is currently giving misleading signs. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says we are headed for a global recession. Gershon Distenfeld, AB Co-Head of Fixed Income, says fear is taking over and in certain industries the economy is already shutting down. Randy Kroszner Former Fed Board Governor, says the fed is trying to get ahead of the curve.

Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says the single most important thing that we could see as a sign of backstopping confidence in the financial markets right now would be a meeting between President Trump and Speaker Pelosi and Senator Schumer. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says the market sell-off is sheer panic. Christian Schulz, Citi Economics Team Director, discusses the need to "socialize losses" as central banks and governments combat the economic fallout from the coronavirus. Gary Shilling, Bloomberg Opinion Columnist & A. Gary Shilling & Co. President, says we are probably in a recession already. Marcus Ashworth, Bloomberg Opinion Columnist, says the world is looking at the U.S. to do something big and soon.

Rupert Harrison, BlackRock Multi-Asset Strategies Portfolio Manager, says the U.K. is going to do everything possible to avoid permanent economic damage from coronavirus disruption. David Blanchflower, Former BOE Policy Committee Member and Dartmouth College Professor, questions the ECB's ability to coordinate with other governments. Nouriel Roubini, Roubini Macro Associates Chairman & CEO, says collapsing oil prices are a benefit for the real economy. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, predicts flat earnings growth for 2020. Megan Greene, Harvard Kennedy Senior Fellow, says the ECB is likely to cut rates, but that cutting rates is unlikely to help much.

Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says the correction we're going through now is just a continuation of the correction that began two years ago. Dan Yergin, IHS Markit Vice Chairman, says there is a grudge match going on between Saudi Arabia and Russia. Philipp Hildebrand, BlackRock Vice Chairman & Steven Major, HSBC Fixed Income Research Managing Director, discuss the low interest rate environment. Meredith Sumpter, Eurasia Group Head of Research Strategy, says Chinese leadership is more concerned about containing the coronavirus outbreak than getting the economy back up to speed. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says the bond market is pricing a zero rate interest policy.

Mohamed El-Erian, Allianz Chief Economic Adviser & Bloomberg Opinion Columnist, foresees a "whatever it takes" approach for central banks. Francisco Blanch, Bank of America Global Head of Commodities & Derivatives Research, says brent oil could dip into the $20s. John Wraith, UBS Head of U.K. Rates Strategy, says the markets are anticipating rates getting close to zero. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says panicked behavior creates opportunity for investors. Luke Kawa, Bloomberg Corss-Asset Reporter, discusses volatility in the U.S. 10-year yield.

Tiffany Wilding, PIMCO US Economist, says growth shock can lead to market panic. Farley Cleghorn, Palladium Health Director, discusses the issues surrounding testing for the coronavirus. Jeff Rosenberg, Senior Portfolio Manager on BlackRock's Systematic Fixed Income Team, says payroll report shows the strength of the economy going into the virus shock. Lawrence Kudlow, National Economic Council Director, says growth is likely to slow, but the virus impact will be temporary.

Howard Ward, Gabelli Funds CIO of Growth Equities, says we may reach new lows if earnings go negative. Jeffrey Currie, Goldman Sachs Global Head of Commodities Research, says oil price correction may have run its course. Jim Bianco, Bianco Research and Bloomberg Opinion Columnist, talks rates and when he thinks the market will get to zero. Jean Claude Trichet, Former ECB President, says a coordinated interest-rate cut this week could have induced panic and wasn’t warranted. Tim Ryan, PwC U.S. Chairman and Senior Partner, says the coronavirus is a great example of how CEOs have to be prepared for anything.

Jim Caron, Morgan Stanley Investment Management Fixed-Income Portfolio Manager, says we should start getting used to lower yields in the U.S. Howard Dean, Former DNC Chair & Former Governor of Vermont, is incredibly disturbed by the low turnout among younger voters. Julia Coronado, MacroPolicy Perspectives President & Founder, says the Fed is running out ammo and fiscal policymakers will need to pick up the ball. Jared Bernstein, Center on Budget and Policy Senior Fellow, says the U.S. Economy will likely be growing well below trend by the time people vote for U.S. President. David Rubenstein, Carlyle Group Co-Founder & Host of Bloomberg's Peer to Peer Conversations, reflects on his conversation with Yasir Al-Rumayyan, Governor of Saudi Arabia's Public Investment Fund who predicts the fund will grow to $2 trillion by 2030.

David Kelly, JPMorgan Asset Management Chief Global Strategist, says we are only in the early chapters of what the coronavirus could mean for the global economy. Chris Verrone, Strategas Partner & Head of Technical & Macro Strategy, says conditions are in place for a tradable low. Mohamed Younis, Gallup Poll Editor in Chief, says 63 percent of Americans agree with the way President Trump is running the economy. Diane Swonk, Grant Thornton Chief Economist, says rate cuts won't be enough to cure the coronavirus crisis.

Carl Weinberg, High Frequency Economics Chief Economist & Managing Director discusses the health of the financial system as the coronavirus continues to cloud the outlook for global growth. Terry Haines, Pangaea Policy Advisory Founder says presidential candidate Joe Biden can beat President Trump. Michael Shaoul, Marketfield Asset Management, says the bond market is just as prone to stresses as other parts of the market. Jennifer Rohn, UCL Micro Biologist, says washing hands more important than wearing face mask to protect against coronavirus.

Mike Darda, MKM Partners Chief Economist & Macro Strategist, says central banks, by doing nothing, are actually allowing financial conditions to tighten. Bob Michele, JPMorgan AM CIO and Head of Global Fixed Income, Currency & Commodities, says to expect central rate cuts across the globe. Steve Wieting, Citi Private Bank Global Chief Investment Strategist, says fiscal easing is needed to avoid damaging economic potential in times of crisis. Erik Nielsen, Unicredit Group Chief Economist, says there is little monetary policy can do to offset a supply shock. Jim Bianco, Bianco Research President and Macro Strategist, says the coronavirus might be a bigger deal than the financial crisis.

Jordan Rochester, Nomura G-10 FX Strategist, says markets are not used to a supply shock of the magnitude caused by the ecoronavirus. Dr. Adam Bernheim, Mount Sinai Hospital Cardiothoracic Radiologist, explains how lung scans could lead to quicker detection and diagnosis of coronavirus. Patrick Armstrong, Plurimi Wealth CIO, thinks the bond rally has probably gone too far. Shannon Cross, Cross Research co-founder, shares her outlook for tech as more companies issue profit warnings fueled by coronavirus concerns.

Greg Boutle BNP Paribas U.S. Head of Equity and Derivative Strategy, expects a lot more market volatility from here. Jean-Sébastien Jacques, Rio Tinto CEO, says the company is prepared for uncertainty from the coronavirus. Jimmy Whitworth, professor of international public health at the London School of Hygiene & Tropical Medicine, warns of the potential impact of the coronavirus on sub-Saharan Africa. Nouriel Roubini, NYU Stern School of Business Professor and Roubini Macro Associates Chairman, says markets are delusional about the coronavirus's impact on the global economy. Jeanne Zaino, Iona College Political Science Professor and Bloomberg Political Contributor, says the Democratic primary process does not work to the benefit of the Democratic party. Michael Nathanson, Moffettnathanson Senior Research Analyst, says Bob Chapek was the natural choice to replace Bob Iger as Disney CEO.

Ben Laidler, Tower Hudson Research CEO, thinks U.S. equities are in much better shape than many people think they are. Ian Shepherdson, Pantheon Macroeconomics Chief Economist, thinks the Fed could be close to the point of taking action on the coronavirus. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says market uncertainty makes in almost impossible to take a three-year view. Dr. Peter Hotez, Baylor College of Medicine Dean, breaks down the most recent efforts to combat the coronavirus. Kevin Cirilli, Bloomberg Chief Washington Correspondent, says tonight's debate is most critical for Joe Biden.

Drew Matus, MetLife Investment Management Chief Market Strategist, says 2021 is when we really have to start thinking about there being a recession in the U.S. Todd Mariano, Eurasia Group U.S. Director, says there is a sense among campaign strategists that it may be too late for other candidates to catch up to Bernie Sanders. Selina Wang, Bloomberg China Correspondent, says the rate of new coronavirus cases in Hubei province seem to be stabilizing. Stuart Kaiser, UBS Head of Equity Derivatives Research, says the VIX at 25 or 30 would suggest "indiscriminate hedging." Kristina Hooper, Invesco Chief Global Market Strategist, says the Fed must be measured and thoughtful in its response to coronavirus risks.

Julia Coronado, Macropolicy Perspectives President & Founder, says there is a lot of complacency in market pricing right now. David Lebovitz, JPMorgan Asset Management Global Market Strategist, says the big tech names have been keeping the rest of the tech sector afloat. Jonathan Fenby TS Lombard Chairman of China Research, says the coronavirus outbreak is a big test for the leadership in China. Tony Crescenzi, PIMCO Market Strategist and Portfolio Manager, says the global economy may hit stall speed because of the coronavirus. Michael McKee, Bloomberg International Economics & Policy Advisor, discusses his interview with ECB Board Member Philip Lane.

Terry Haines, Pangaea Policy Advisory Founder, says the race for the Democratic presidential nomination is more muddled after the Nevada debate. Howard Dean, Former Democratic Presidential Candidate & Former DNC Chairman, thinks that all six candidates who participated in Nevada's debate still have a chance of winning the nomination. Sonali Basak, Bloomberg Finance Reporter, breaks down what we know Morgan Stanley's plan to buy E*Trade. Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says the public has become an engaged buyer of stocks. Brett Ryan, Deutsche Bank Senior U.S. Economist, says firms are reluctant to lay workers off because of the tight labor market. Michael Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.

Chuck Gabriel, Capital Alpha President, thinks we could know whether Bernie Sanders will be the Democratic presidential nominee by the end of March. Austan Goolsbee, University of Chicago Professor and Former Adviser to President Barack Obama, says conventional monetary policy matters less now than it ever has before. Stephen Roach, Yale Professor and Author, explains why the world economy may be headed for a "temporary recession." Sophie Huynh, Societe Generale Multi Asset Strategist, says gold is one of the best preferred protections for asset allocation. David Rubenstein, Carlyle Group Co-Executive Chairman and Host of Peer to Peer Conversations discusses his interview with Charles Schwab.

David Kelly, JPMorgan Asset Management Chief Global Strategist, says U.S. GDP growth may slow to 1% or less in first quarter. Neil Campling, Mirabaud Securities Global Thematic Strategy Group Head of TMT Research, expects other companies to follow Apple in cutting their outlook. Elaine Kamarck, Brookings Senior Fellow in the Governance Studies, discusses which candidates she expects to have the momentum going into the Nevada Democratic debate. Michael Holland, Holland & Co. Chairman, says although he's mindful of the valuations in the big-cap names, he's not so concerned that he's a seller.

Steve Wieting, Citi Private Bank Global Chief Investment Strategist, says this is an unlikely time for U.S. outperformance to wane. Dr. Peter Hotez, Baylor College of Medicine Dean, calls for international cooperation in combating the coronavirus. Henrietta Treyz, Veda Partners Director of Economic Policy, discusses the tension between the U.S. and China over the coronavirus and trade. Torsten Slok, Deutsche Bank Chief Economist, says the labor market, including wages and job growth, is slowing down greatly. Jason Bordoff, Columbia Professor and former U.S. National Security Council and Director of Energy & Climate Change, says in his opinion, it’s an encouraging shift to see republicans recognizing climate change as a serious reality.

Bruce Kasman, JPMorgan Chief Economist & Head of Global Research, says Chinese growth may be flat in the first quarter of 2020. Dr. Jennifer Rohn, University College London Micro Biologist, says the coronavirus is looking just as contagious as flu and just as lethal. Andrew Sheets, Morgan Stanley Chief Cross Asset Strategist, says we still have a global market recovery that is being delayed rather than derailed. Tavis McCourt, Raymond James Institutional Equity Strategist, says the coronavirus has upset market expectations in a way that is similar to the U.S.-China trade war.

Greg Valliere, AGF Investments Chief U.S. Policy Strategist, says it is a little too early to write Joe Biden off. Kate Moore, Head of Thematic Strategy for BlackRock's Global Allocation Investment Team, says the majority of returns from the equity market has to come from earnings. James Bevan, CCLA Investment Management Chief Investment Officer, says equity valuations are too low. Neil Shearing, Capital Economics Chief Economist, says we are still in a Goldilocks period of low but positive growth. Tony Dwyer, Canaccord Genuity Chief Market Strategist, says the valuation of the market is fair and earnings are unclear.

Ben Laidler, Tower Hudson Research CEO, thinks valuations are very well supported for U.S. markets. Representative John Yarmuth, Democrat from Kentucky and Chairman of the Budget Committee, says Donald Trump is the biggest motivating factor for Democrats right now. Gideon Rose, Foreign Affairs Magazine Editor, says the Chinese threat to U.S. hegemony is a long term challenge rather than an immediate crisis. Stephen Stanley, Amherst Pierpont Chief Economist, doesn't see the Fed moving on rates anytime before the U.S. election. John Butler, Bloomberg Intelligence Senior Telecoms Analyst, says the T-Mobile-Sprint deal will allow T-Mobile to move more aggressively on 5G.

John Stoltzfus, Oppenheimer Asset Management Chief Investment Strategist, says there is a remarkable resilience built into the global economy. Jared Bernstein, Senior Fellow at the Center on Budget and Policy Priorities and Former Chief Economist and Economic Adviser to Vice President Joseph Biden, argues that Republicans want to get rid of safety net programs that bridge the gap between what people earn and what they actually need. Kit Juckes, Societe Generale Chief FX Strategist, does not see much that can prevent U.S. growth from slowing further. Sarah House, Wells Fargo Securities Senior Economist, says as the economy slowed over the past year, demand for labor has shifted downward.

David Herro, Harris Associates Chief Investment Officer, calls for Credit Suisse chairman Urs Rohner to resign. Ellen Zentner, Morgan Stanley Chief U.S. Economist, talks about jobs and salaries, and the recent income trend for people moving into prime of life. Elisa Martinuzzi, Bloomberg Opinion Columnist, says Credit Suisse's strategy will not take a turn under the new leadership of incoming CEO Thomas Gottstein. Lawrence Kudlow, National Economic Council Director, says the U.S. is engaged with China over export purchases.

David Folkerts-Landau, Deutsche Bank Chief Economist, says there is no question that the movement away from the political center is infecting monetary and fiscal policy. Jeffrey Currie, Goldman Sachs Global Head of Commodities Research, says the biggest impact from the coronavirus is coming from the quarantine. Henrietta Treyz, Veda Partners Director of Economic Policy, says Senator Romney will receive significant backlash for his conviction vote against President Trump. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says we are in a liquidity driven bull market and the market is being traded very defensively. Lanhee Chen, Hoover Institution Research Fellow and Policy Director for Mitt Romney's 2012 Presidential Campaign, reacts to Senator Mitt Romney's decision to vote to convict President Trump of abusing his power.

Steve Eisman, Eisman Group Neuberger Berman Senior Portfolio Manager, discusses the companies he is currently shorting. Doug Kass, Seabreeze Partners President, talks about parabolic moves, like the one in Tesla, reminding they almost always return to the point of breakout; also Kass explains why he thinks shares of Amazon will trade $5000 a share by 2023. John Hudak, Brookings Senior Fellow Governance Studies, hopes this is the end of the Iowa caucuses. Francisco Blanch, Bank of America Head of Global Commodities & Derivatives Research, says that the Fed cutting rates has created a huge tailwind for risk assets and commodities. Lindsey Piegza, Stifel Chief Economist, says moderate growth is the new normal for 2020.

Jens Nordvig, Exante Data Founder & CEO, says the drop in Chinese tourism as a result of the coronavirus will be a major hit to other countries' economies. Leslie Vinjamuri, Chatham House Head of U.S. & Americas Programme, says the delay in the Iowa Caucus could cast a shadow over the results. Michael Nathanson, Moffettnathanson Senior Research Analyst, says the cost inflection point may have come come for cord-cutting. Dr. Anthony Fauci Director of National Institute of Allergy and Infectious Diseases, says the coronavirus looks increasingly like a pandemic. Gene Munster, Co-Founder and Managing Partner of Loup Ventures, says Tesla deserves a valuation like Apple because it is a combination of hardware, software, and services.

John Ryding, Brean Capital Chief Economic Advisor, says the coronavirus is more of a supply shock than a demand shock outside of China. Miranda Carr, Haitong Securities Senior Analyst, says consumption might see a bigger hit from the coronavirus than manufacturing. Dr. Amesh Adalja, Johns Hopkins Bloomberg School of Public Health Senior Scholar, expects the 2% fatality rate from the coronavirus to come down as we gain more patient data. Mickey Levy, Berenberg Capital Markets Chief Economist U.S., Americas & Asia, says China’s coronavirus is dampening effects on global trade and could postpone a widely anticipated pickup. Edward Morse, Citi Global Head of Commodities, discusses their latest cut in oil prices forecast.

Dr. Peter Hotez, Dean of the National School of Tropical Medicine at Baylor College of Medicine in Houston, says the coronavirus is just as capable of being transmitted as SARS, but it is not as lethal. Meredith Sumpter, Eurasia Group Head of Research Strategy, details how China's political system is affecting its response to the coronavirus. Antony Phillipson, British Consul General to New York and Her Majesty's Trade Commissioner for North America, discusses next steps after the U.K. leaves the EU today. Margaret Patel, Wells Fargo Senior Portfolio Manager, says low inflation will be with us for the foreseeable future. Eileen Burbidge, Passion Capital Partner, says Amazon "absolutely" has more room to run from here.

David Blanchflower, Dartmouth College Economist and former BOE Monetary Policy Committee Member, says the Fed is now paying the consequences of its rate rises. Randall Kroszner, Former Fed Board Governor and University of Chicago Booth School Professor, says central banks not reaching their inflation goals is potentially raising questions about their credibility. Daniel Morris, BNP Paribas Senior Investment Strategist, says U.S. GDP Growth looks quite solid. Mark Mahaney, RBC Analyst, thinks that we have reached peak regulation in big tech.

Vincent Reinhart, BNY Mellon Asset Management Chief Economist says central banks do not create extra demand; they borrow it. William Dudley, Bloomberg Opinion Columnist and Former Fed President, discusses his latest column on the repo market. Austan Goolsbee, University of Chicago Booth School Professor and Former White House Economic Adviser to President Obama, says there are parts of the economy that are quite weak despite the unemployment rate being low. Dr. Jennifer Rohn, University College London Principal Research Associate, says there may be a delay of developing information surrounding the coronavirus coming from China. Dan Ives, Wedbush Managing Director and Equity Research Analyst, says the IPhone 11 product cycle is much stronger than anyone could have anticipated, especially in China.

Gabriela Santos, JPMorgan Asset Management Global Market Strategist, says the market will bottom once the number of coronavirus infections stabilizes. Walter Piecyk, Lightshed Technology, Media & Telecom Analyst and Partner, says the valuation of Apple is at a new realm and premium. Stephen Pagliuca, Bain Capital Co-Chairman & Boston Celtics Co-Owner, reflects on the life and legacy of Kobe Bryant. Mohamed El-Erian, Allianz Chief Economic Adviser and Bloomberg Opinion Columnist, says we cannot rely on central banks to keep the whole game going. Andrew Hollenhorst, Citigroup Global Markets Chief U.S. Economist, says there is so much uncertainty in the economy because of the coronavirus.

Carl Weinberg, High Frequency Economics Chief Economist and Managing Director, says the the Coronavirus uncertainty hit may be smaller than markets are currently pricing in. Thomas Mulier, Bloomberg Healthcare Editor, says China is trying to 'catch-up' to the Coronavirus outbreak, as new medical facilities are being built in Wuhan. Kit Juckes, Societe Generale Chief FX Strategist, says emerging markets are going to have a rough time if the U.S. economy is growing slowly. Ian Shepherdson, Pantheon Macroeconomics Chief Economist, says investors are using the Coronavirus as an opportunity to cash in on profits. Jared Bernstein, Center on Budget & Policy Senior Fellow and former Chief Economist & Economic Adviser to Vice President Joe Biden, says the political middle in the U.S. has shifted from 10 years ago.

Christine Lagarde, European Central Bank President, warns markets not to assume that ECB policy is on autopilot. Sheila Patel, Goldman Sachs Asset Management Chairman, says we are in a better place with liquidity compared to a year ago. Jacob Frenkel, JPMorgan Chase International Chairman, says the greatest danger to the economy's growth is fragmentation. Angel Gurria, OECD Secretary General, says we must now defend multilateralism. Stephen Pagliuca, Bain Capital Co-Chairman, says the returns in private equity are still world-class.

Ken Moelis, Moelis & Company Chairman, CEO & Founder, says markets are pretty much priced for perfection right now. Soren Skou, Maersk CEO, doesn't expect trade growth to pick up in 2020. Mark Rutte, Dutch Prime Minister, is optimistic about a trade deal between the U.S. and the EU. Bill Winters, Standard Chartered CEO, says peace is prevailing in Hong Kong. Stacey Cunningham, NYSE President, talks about 'trading in the dark' as well as finding the best price in the market. David Solomon, Goldman Sachs Chairman & CEO, doesn't see any booms or busts happening anytime soon.

Bruno Le Maire, French Finance Minister, says postponing a digital tax on the U.S. until the year's end is a fair compromise. Elaine Chao, U.S. Secretary of Transportation, says there is no timetable for returning the grounded Boeing 737 Max. David Rubenstein, Carlyle Co-Chairman, discusses changes in private equity. James Gorman, Morgan Stanley CEO, says we are in a very benign period with relative global stability. Scott Minerd, Guggenheim Global CIO, says the U.S. Federal Reserve is encouraging investor behavior that fuels a bubble in U.S. corporate credit markets. Bloomberg's Sonali Basak discusses major themes at the World Economic Forum in Davos.

Ian Bremmer, Eurasia Group Founder, says we have absolutely reached the peak of globalization. Stephen Schwarzman, Blackstone CEO, says investing in technology has enormous benefits. Michael Corbat, Citigroup CEO, says the consumer remains the backbone of the U.S. Economy. Martin Flanagan, Invesco CEO, expects clients to return once the firm has fully absorbed OppenheimerFunds. Roberto Azevedo, World Trade Organization Director General says it is good to see U.S.-China tensions contained by the Phase-One trade deal.

Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, believes this could be the year the public fully engages with the U.S. equity market. Kristina Hooper, Invesco Chief Global Market Strategist, says we can't underestimate the power of the Fed. George Evans, CIO of Global Equities and Portfolio Manager for the Invesco Oppenheimer International Growth Fund, says emerging markets are led by commodities. Margaret Brennan, Face the Nation Host, reflects on the opening of President Trump's impeachment trial. Chris Whalen, Whalen Global Advisors Chairman, details 4 global banks that he says are not efficient at making money.

David Pearl, Epoch Co-Chief Investment Officer & Portfolio Manager, says Morgan Stanley is now the king of wealth management. Mary Lovely, Peterson Institute Senior Fellow & Syracuse University Professor, says escalation could happen very quickly under the Phase-One trade deal between the U.S. and China. Daniel Morris, BNP Paribas Senior Investment Strategist, says 2020 market risks aren't much different from those in 2019. Dana Peterson, Citi Global Economist, says department stores are losing market share to non-store retailers.

Ken Leon, CFRA Director Equity Research, says banks are underpriced relative to the market. Henrietta Treyz, Veda Partners Managing Partner & Head of Economic Policy, says investors sense that President Trump cares specifically about the stock market. Megan Greene, Harvard Kennedy Senior Fellow, says there is plenty of evidence for low growth and inflation for years to come. Jim Paulsen, Leuthold Weeden Capital Management Chief Investment Strategist, expects small cap stocks to have a year of outperformance. Stephen Schork, Schork Group President, says we are concerned about the ongoing industrial recession in the U.S.

Shahab Jalinoos, Credit Suisse Head of FX Macro Trading Strategy, says there are no macro risks affecting monetary policy. Tom Michaud, KBW CEO, breaks down results from JPMorgan and discusses the future of big U.S. banks. Geoffrey Yu, UBS Wealth Management Head of U.K. Investment Office, says central banks are going to stay lower for a very long time to come. Alicia Levine, BNY Mellon Investment Management Chief Strategist, says cyclical sectors are beginning to show signs of life, even as data remains soft.

Richard Haass, Council on Foreign Relations President, believes the U.S. and Iran must agree to a reasonable deal in order to ease protester tensions. Priya Misra, TD Securities Head of Global Rates Strategy, says the Fed has put a lot of stimulus in the system through the repo market. Betsy Graseck, Morgan Stanley Global Head of Banks & Diversified Finance Research says as banks report earnings we expect to see net interest margin under pressure in 4Q. Doug Holtz-Eakin, American Action Forum President & Former Director of the Congressional Budget Office says raising taxes and dodging the spending budget is bad news.

Steven Cook, CFR Senior Fellow for Middle East And Africa Studies, says the U.S. is engaging in psychological warfare with Iran and not deescalating tensions with the region. Ellen Zenter, Morgan Stanley's Chief US Economist, says there is no indication businesses are broadly laying off workers. Randy Kroszner, University of Chicago Professor and Former Fed Governor, says the fed is more likely to stay on hold. Lawrence Kudlow, National Economic Council Director, says everything is completely in place for the Phase One U.S.-China trade deal.

Jim Glassman, JPMorgan Senior Economist, says 2020 will be the year we see slower job growth. Jeffrey Rosenberg, Senior Portfolio Manager on BlackRock's Systematic Fixed Income Team, says the economy has moved in tiny increments. Admiral James Stavridis, Bloomberg Opinion Columnist and Former NATO Supreme Allied Commander says Soleimani was a dangerous enemy of the U.S. and taking his skills away from the Iranian regime is a tactical plus. Brooke Sutherland, Bloomberg Opinion Columnist, discusses the next steps for Boeing.

Henry Rome, Eurasia Group Global Macro Analyst, says the risk of a major military confrontation between the U.S. and Iran has gone down. Robert Hormats, Kissinger Associates Vice Chairman, says the U.S. must now help stabilize the situation in Iraq. Greg Farrell, Bloomberg Legal Reporter, discusses next steps for Carlos Ghosn after press conference from Lebanon. David Rubenstein, Carlyle Group Co-Founder & Co-Executive Chairman, discusses his interview with Dangote Group Founder Aliko Dangote.

Adam Posen, Peterson Institute President, says there are very fundamental causes of low rates. Steven Cook, CFR Senior Fellow For Middle East And Africa Studies, says the U.S. can continue to fight terrorism without as large of a footprint in the Middle East. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says volatility stays low as prices advance. Neil Dutta, Renaissance Macro Head of Economic Research, says the composition of growth is improving.

Ian Bremmer, Eurasia Group President & Founder, says 2020 is a tipping point for the big global trends out there. Meredith Sumpter, Eurasia Group Head of Research Strategy & Operations, says a trade conflict was expected between the U.S. and China year ago, but it was expected to be resolved. Henry Rome, Eurasia Group Iran Analyst, believes the killing of Qasem Soleimani will come to be seen as a miscalculation from the U.S. Mujtaba Rahman, Eurasia Group Managing Director for Europe, says the EU doesn't have a great strategic answer for the U.K.'s exit. And Amy Myers Jaffe, CFR David M. Rubenstein Senior Fellow for Energy and the Environment & Director of the Program on Energy Security and Climate Change, offers her insight on recent events in the Middle East and energy.

Nick Wadhams, Bloomberg State Department Reporter, brings us an update on President Trump's strategy in the Middle East. Amrita Sen, Energy Aspects Chief Oil Analyst, says there will be a lot of pressure on Iraq to push out pro-U.S. forces. Marc Champion, Bloomberg News Senior Reporter for International Affairs, discusses Iran's sphere of influence. Admiral James Stavridis, Bloomberg Opinion Columnist & Former NATO Alliance Supreme Allied Commander, says the U.S. military is prepared for Iran's response. Mark Kimmitt, Former Assistant Secretary of State for Political-Military Affairs, says President Trump is taking a risk with this latest foreign policy move. And Margaret Brennan, CBS Face the Nation Host, says the silence from the U.S. State Department was "deafening" last night.

Robert Albertson, Sandler O'Neill Chief Investment Strategist, says 2020 will be a year of reckoning. Chris Bryant, Bloomberg Opinion Columnist, provides an update on former Renault-Nissan Head Carlos Ghosn's escape from Japan to Lebanon. Henrietta Treyz, Veda Partners Managing Partner & Head of Economic Policy, is not optimistic about Phase Two negotiations taking place in the near future. And Jeffrey Sachs, Columbia University Professor, says the U.S. political system is broken.

John Ryding, Chief Economic Advisor to Brean Capital, says we are entering 2020 with no fear of a recession. Dana Khraiche, Bloomberg News, reports that Lebanese officials will help and support Carlos Ghosn, who is viewed as a national hero. Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says more public interest in stocks will drive bond yields higher in 2020. Alexandra Harris, Bloomberg Gov't Bonds & FX Reporter, analyzes how the Fed succeeded in thwarting major year-end turmoil in funding markets.

Kona Haque, ED&F Man Head of Research, says China's government has to continue to apply stimulus to keep growth momentum ticking. Mike Gallagher, Continuum Economics Managing Director of Macro and Strategy, doesn't expect China to get a major lift from a trade truce. Ira Jersey, Bloomberg Intelligence U.S. Rates Strategist, details what to watch for in the next Fed minutes. Geetha Ranganathan, Bloomberg Intelligence Analyst: U.S. Media, predicts that Netflix might become a victim of its own success.

Bloomberg's Paul Sweeney and Sonali Basak host today's show. Andrew Hollenhorst, Citi Chief U.S. Economist, discusses the transition to automation by urging the creation of new opportunities and engines of growth. Karen Leigh, Bloomberg News Greater China Government Editor, gives an update on the protests in Hong Kong as the region braces for more demonstrations in the new year. Kevin Book, Clearview Energy Partners Head of Research, says the trade war between the U.S. and China is far from over. And David Kirkpatrick, Techonomy Media CEO & Founder, provides a forecast for tech and government regulation in 2020.

Michael Holland, Holland & Co. Chairman and Founder, thinks the Fed is far more important for markets than a U.S.-China trade deal. Dana Telsey, Telsey Advisory Group CEO & Chief Research Officer, believes retailers will follow in Amazon's footsteps with one-day shipping. Mohamed El-Erian, Allianz Chief Economic Adviser and Bloomberg Opinion Columnist, says it is not up to central banks to get out of the negative rates experiment. Mike Darda, MKM Partners Chief Economist & Macro Strategist, says investors should be tactically cautious going into 2020. David Kotok, Cumberland Advisors Co-Founder & CIO, says negative interest rates are at a peak.

Catherine Mann, Citi Global Chief Economist, says the U.S.-China Phase 1 agreement looks similar to the deal proposed earlier this year in May. Kit Juckes, Societe Generale Chief FX Strategist, thinks the Chinese Yuan is as important as the Euro or the U.S. dollar now. George Ferguson, Bloomberg Intelligence Senior Aerospace and Airline Analyst discusses the implications of Boeing CEO Dennis Muilenburg stepping down. Brooke Sutherland, Bloomberg Opinion Columnist, says Boeing is at serious risk of losing its competitive edge. Greg Valliere, AGF Investments Chief U.S. Policy Strategist thinks that President Trump's 2017 tax cuts continue to fuel the market rally today.

Dr. Randall Kroszner, University of Chicago Booth School of Business Professor, says the Fed is going to gradually increase its balance sheet to provide liquidity. Gideon Rose, Foreign Affairs Magazine Editor, discusses the future of capitalism. Kevin Cirilli, Bloomberg Chief Washington Correspondent, gives a briefing on the latest Democratic debate from Los Angeles. John Butler, Bloomberg Intelligence Senior Analyst of Telecoms, says he's surprised to see Apple is exploring satellites. And Margie Patel, Wells Fargo Wells Fargo Asset Management Senior Portfolio Manager, says China's growth is clearly slowing down.

Shahab Jalinoos, Credit Suisse Head of FX and Macro Trading Strategy, observes rising interest rates across the Eurozone area. Greg Valliere, AGF Investments Chief U.S. Policy Strategist, was surprised to see House Speaker Nancy Pelosi may delay next steps in the impeachment process. Dennis Gartman, The Gartman Letter Author, discusses his decision to retire his famous morning note. Doug Kass, Seabreeze Partners President & Founder, calls in to ask a question to Gartman. And Margaret Franklin, CFA Institute CEO & President, says she still sees high demand for chartered holders.

Peter Hooper, Deutsche Bank Securities Global Head of Economic Research, sees inflation remaining below 2% over the next year. Nicola Mai, PIMCO Portfolio Manager & Sovereign Credit Analyst, does not foresee significant increases in inflation next year. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says the idea of a recession is funny. And Emily Wilkins, Bloomberg Government Reporter, provides an update on where impeachment motions stand.

Jerome Schneider, PIMCO Head of Short-Term Portfolio Management and Manager of the $14 Billion Cash Management Fund, PIMCO Mint, says we should expect volatility in repo rates. Keyu Jin, LSE Economics Professor, says there has been a divergence in business and consumer sentiment. Kallum Pickering, Berenberg Senior Economist, says the ECB does not have the firepower to start a recovery in Europe. And Lindsey Piegza, Stifel Chief Economist, says it remains to be seen whether there is an appetite among Fed officials for a change in policy strategy. ------

Jens Nordvig, Exante Data Founder & CEO, says global growth is the most important variable for the dollar. David Kelly, JPMorgan Asset Management Chief Global Strategist, says rising trade tensions hurt the rest of the world more than the U.S. Priya Misra, TD Securities Managing Director & Global Head of Rates Strategy, expects the Fed to restart easing by mid-2020. And Henrietta Treyz, Veda Partners Director of Economic Policy, says she could see further delays in trade talks between the U.S. and China.

Tom Keene and Jon Ferro broadcast a Surveillance Special on TV and Radio from the Westminster Green. Alan Wager, U.K. In a Changing Europe Researcher, says Boris Johnson now has to focus on uniting the U.K. after a landslide victory. Trevor Greetham, Royal London Asset Management Head of Multi-Asset, provides an outlook for sterling and gilts. Rosalind Mathieson, Bloomberg International Government Editor, predicts what Boris Johnson's new cabinet may look like. Ben Ritchie, Aberdeen Asset Management Senior Investment Manager, thinks U.K. bond yields have remained surprisingly low during the uncertainty of Brexit. And Maria Demertzis, Bruegel Deputy Director, thinks that the U.K. and the EU could reach a trade agreement in less than a year.

Steven Major, HSBC Global Head of Fixed Income Research, is taking any increase in yield as a buying opportunity. Frederik Ducrozet, Pictet Wealth Management Strategist, says the first action the ECB has to take next year is to ease. Ted Alden, Council on Foreign Relations Senior Fellow, says he expects the U.S.-China trade deal to be delayed this week. Christine Lagarde, ECB President, says she sees signs of stabilization in euro zone. Stephanie Flanders, Bloomberg News Head of Economics, reacts to the ECB press conference and President Trump's tweets on a nearing trade deal.

Roger Bootle, Capital Economics Founder & Chairman, says the U.K.'s Conservative Party has been inching toward the center of the political spectrum. Camilla Cavendish, Former Head of Policy for U.K. Prime Minister David Cameron, says the Tories are aspiring to be the voice of the working class. Lale Topcuoglu, JOHCM Senior Fund Manager, says Chairman Powell has been very clear he does not see us at QE. Wendy J. Schiller, Brown University Chair of Political Science, discusses the history of impeachment in the House and Senate. And David Blanchflower, Author & Dartmouth Professor of Economics, says employment rates are still below where they were a decade ago.

Seema Shah, Principal Global Investors Chief Strategist, expects equities to rise next year, giving "vertigo" discomfort to investors. Jonathan Fenby, TS Lombard European Politics Managing Director & China Chairman, says the silence between the U.S. and China shows negotiations are very serious. Jean-Claude Trichet, Former President of the European Central Bank, says the positive effects of negative interest rates outweigh the negative. David Kostin, Goldman Sachs Chief U.S. Equity Strategist, says economic activity in the United States is still strong. Matt Winkler, Bloomberg Editor-In-Chief Emeritus, discusses his latest Bloomberg Opinion piece. And Emily Wilkins, Bloomberg Government Congressional Reporter, wraps the impeachment news of day.

Alberto Gallo, Algebris Investments Head of Macro Strategies, says many global positive-yielding bonds could be zombies. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, sees an uptick in inflation expectations for 2020. Jeff Currie, Goldman Sachs International Global Head of Commodities Research, says the U.S.-China trade war is exacerbating structural issues in the oil market, not causing them. And Constance Hunter, KPMG Chief Economist and NABE President, thinks the chances for a phase one trade deal are slim.

In this Surveillance Special, Tom Keene and Paul Sweeney remember the life and legacy of Paul Volcker, Former Chair of the Federal Reserve. We hear from Bloomberg's Bob Moon, Former SEC Chair Arthur Levitt, Bloomberg's Michael McKee, Grant Thornton's Diane Swonk and RDQ Economics' John Ryding.

Julia Coronado, MacroPolicy Perspectives President and Founder, says Europe does not have an engine of growth. Jim Glassman, JPMorgan Chase Commercial Banking Head Economist, and Michael Collins, PGIM Fixed Income Senior Portfolio Manager, react to the massive jobs report surprise. Tiffany Wilding, PIMCO U.S. Economist, says the United States economy and job creation is accelerating. And Larry Kudlow, National Economic Council Director, says the U.S. cannot permit unfair trading practices from our allies or non-allies.

Roger Diwan, IHS Markit Vice President of Financial Services, says it is not clear how much ability other OPEC countries will have to follow Saudi Arabia's oil supply cuts. Luigi Zingales, University of Chicago Booth School Finance Professor, discusses the fundamental difference between climate change and climate risk for banking. Anat Admati, Stanford Finance Professor, says problems plaguing democracy and capitalism are rooted between corporations and governments. And Ted Alden, CFR Senior Fellow, says we have gone "far down" a unilateral trade road with this administration.

Savita Subramanian, Bank of America Merrill Lynch Head of U.S. Equity & Quantitative Strategy, thinks cyclicals could see a strong rally on a skinny trade deal. Leslie Vinjamuri, Chatham House Head of U.S. & Americas Programme, says the vast majority of Americans still want to be in NATO. Jane Foley, Rabobank Head of FX Strategy, thinks U.K.-EU trade talks could bring back a no-deal Brexit risk next year. James Stavridis, Former NATO Supreme Allied Commander & Bloomberg Opinion Columnist, says he is concerned about Turkey’s direction and their willingness to partner so closely with Russia in Syria. And Brian Wieser, Group M Global President of Business Intelligence, discusses the changing nature of ad breaks.

Troy Gayeski, SkyBridge Capital Co-Chief Investment Officer, thinks the U.S. dollar has finally topped out. Henrietta Treyz, Veda Partners Director of Economic Policy, believes the pressure on the administration not to impose tariffs is stronger than it has ever been. Dennis Gartman, The Gartman Letter Editor and Publisher, shares memories of his iconic newsletter ahead of its planned last edition on Dec. 31. Margie Patel, Wells Fargo Asset Management Senior Portfolio Manager, thinks mid-single digit returns may be the best-case scenario for 2020.

Carl Weinberg, High Frequency Economics Founder & Chief Economist, doesn't see an end to the industrial recession as long as inventories are rising. Oliver Chen, Cowen Senior Equity Research Analyst, details research which suggests a niche area of apparel is growing double digits, despite weakness in the broad sector. Diane Swonk, Grant Thornton Chief Economist, says consumers are showing signs of weakness just as businesses are finally showing signs of life. Bill Smead, Smead Capital Chief Investment Officer & Founder, expects millennials to double their use of gasoline in the next 10 years. Sonali Basak, Bloomberg Finance Reporter, previews what's in store in the next decade for Goldman Sachs.

John Authers, Bloomberg Opinion Columnist, says populist politicians have played their hands poorly in 2019. Joseph Abboud, Clothing Designer & Tailored Brands Creative Director, says Black Friday matters more for accessories and sportswear than custom suits. Dana Telsey, Telsey Advisory Group CEO & Chief Research Officer, teases the item poised to become the “fashion must-have” of the 2019 holiday season! And Elaine Sciolino, Former NYT Correspondent & Author of “The Seine," details the famous river.

Greg Boutle, BNP Paribas U.S. Head of Equity and Derivative Strategy, expects U.S. manufacturing weakness to start broadening out to the rest of the economy. Andrew Hollenhorst, Citi Chief U.S. Economist, says the stock market gains are not experienced widely across the economy. David Kotok, Cumberland Advisors Chairman & CIO, says ECB's Christine Lagarde has a difficult task right now. And Karen Ubelhart, Bloomberg Intelligence Senior Analyst for Machinery, provides an industrial outlook for 2020.

Brian Levitt, Invesco Global Market Strategist, says we are returning to an environment of more stable growth. Stephen Sadove, Senior Adviser for Mastercard and former Saks CEO, thinks LVMH buying Tiffany & Co. is a win-win. Sarah House, Wells Fargo Securities Senior Economist, foresees one more rate cut in their forecast. Adm. James Stavridis, Former NATO Supreme Allied Commander & Bloomberg Opinion Columnist, discusses President Trump's recent decisions regarding the Navy SEALs. And Geetha Ranganathan, Bloomberg Intelligence U.S. Media Analyst, says Disney's performance this year has been phenomenal. ------

Chris Marangi, Gabelli Funds Co-CIO, says the market is pivoting towards value from momentum. Jeff Currie, Goldman Sachs International Global Head of Commodities Research, recommends getting long commodities today. Geoffrey Yu, UBS Private Banking CIO, says the dollar has topped out but it doesn't mean we're starting a dollar bear trend. Deborah Aitken, Bloomberg Intelligence Senior Analyst of Luxury Goods, sees the LVMH Tiffany tie-up as mutually beneficial for both companies, particularly when it comes to expanded market share in the luxury jewelry sector. Sonali Basak, Bloomberg TV & Radio Finance Reporter, says Charles Schwab aims to diversify their business in buying TD Ameritrade.

Luke Tilley, Wilmington Trust Chief Economist, is optimistic equities will see a positive impact from a looming Phase One deal. Robert Hormats, Kissinger Associates Vice-Chair, says after visiting China, he thinks the Chinese are committed to a tariff deal but adds Beijing will not yield to White House demands simply because its economy is slowing. Dan Ives, Wedbush Securities Managing Director of Equity Research, says Tesla's 'Cybertruck' may be dead on arrival when it hits the market in 2022. Margaret Brennan, Face the Nation Host, says many conversations surrounding President Trump's hearings don't seem to have been moved forward by this week's testimonies. Priya Misra, TD Securities Managing Director & Global Head of Rates Strategy, is worried that cracks in the consumer are beginning to appear.

Laurence Boone, OECD Chief Economist, expects growth to remain stuck for the next two years due to trade uncertainty. Joe Quinlan, Head of CIO Market Strategy for Merrill and Bank of America Private Bank, says Europe is looking "less bad" as global markets continue to bottom out. Lale Topcuoglu, JOHCM (USA) Inc. Senior Fund Manager, believes there is no such thing as cash on the sidelines. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, says yields are not that attractive to take on duration risks. And Max Baucus, Former U.S. Ambassador to China, says President Xi is clearly nationalistic.

Gabriela Santos, JPMorgan Asset Management Global Market Strategist, says there is value in international stocks. Bill Dudley, Former New York Fed President, says contrary to the recent Fed report, he thinks there are two significant economic risks on the horizon. Todd Mariano, Eurasia Group U.S. Director, believes there is a veto-proof majority in support of the Hong Kong Human Rights and Democracy bill. Megan Greene, Harvard Kennedy School Senior Fellow, says global growth will look better next year because emerging markets will be less squeezed. Dan Alpert, Westwood Capital Founding Managing Partner, says jobs numbers have been dented by the lack of government spending on infrastructure.

Jim Caron, Morgan Stanley Investment Management Fixed-Income Portfolio Manager, explains why interest rates are just one piece of the dollar puzzle. Henrietta Treyz, Veda Partners Managing Partner & Director of Economic Policy Research, says she doesn't think the phase one trade deal will come. David Herro, Harris Associates CIO of International Equities, discusses his outlook on the U.S. economy, as well as his expectations for the S&P sectors. Gregory Zuckerman, author of "The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution," outlines the advantages of quantitative thought. And Craig Moffett, Moffettnathanson Founding Partner & Senior Research Analyst, explains his early morning bear call on AT&T.

Dan Ahn, BNP Paribas Chief U.S. Economist & Head of Markets 360 North America and Former U.S. Department of State Chief Economist, expects another round of insurance cuts from the Fed. Ellen Wald, Atlantic Council Senior Fellow, says Saudi Aramco's $25 billion IPO is not just about capital for the company. Bloomberg's Anna Edwards sat down with Labour Party Leader Jeremy Corbyn and he says his party have a 'good relationship' with BOE Governor Mark Carney. Julia Coronado, Macropolicy Perspectives President & Founder, says the issues that divide the U.S. and China are not easily resolved. And Georgette Boele, ABN Amro Senior FX & Previous Metals Strategist, says right now, investors are very long gold.

Howard Ward, Gabelli Funds CIO of Growth Equities, thinks it's time for the White House to "stop manipulating the market" when it comes to trade deal progress. Libby Cantrill, PIMCO Head of Public Policy, says uncertainty and tensions with China are not going away any time soon. Molly Smith, Bloomberg Corporate Finance Reporter, says this week's strong demand for Abbvie's bonds show there's a lot of confidence in the tie-up between Abbvie & Allergan. John Authers, Bloomberg Opinion Columnist, details the deep economic links between China and emerging markets. And Lord Adair Turner, House of Lords & G-30 Member, says in terms of pensions, Sweden has made some sensible policies.

Steven Wieting, Citi Private Bank Global Chief Investment Strategist, expects a new all-time high in profits next year. Mary Lovely, Peterson Institute Non-Resident Senior Fellow, says it will be wise for President Trump to make a deal with China. Nicola Mai, PIMCO Sovereign Credit Analyst, says it's very difficult for the ECB to raise inflation without help from the fiscal authorities. Diane Swonk, Grant Thornton Chief Economist, says what we really need for U.S. eco growth is infrastructure investment. And Sarah Halzack, Bloomberg Opinion Columnist, says Walmart's grocery division, which accounts for 56% of its U.S. sales, has an advantage over Amazon due to its infrastructure nationwide.

Michael Shaoul, Marketfield Asset Management Chairman, Portfolio Manager & CEO, thinks the deep market pessimism of the summer is returning to normal. Alicia Levine, BNY Mellon Chief Strategist, says cyclical sectors are beginning to show signs of life even as data remains somewhat soft. Terry Haines, Pangaea Policy Advisory Founder, says the U.S. is ultimately pursuing for an "enforceable" deal with China. Karen Leigh, Bloomberg Greater China Government Editor, reports retail and travel have taken a hit in recent months in Hong Kong. And Chris Rupkey, Chief Financial Economist at MUFG Union Bank, says it sounds like President Trump is still taking a hard line on trade with China.

Diana Amoa, JPMorgan Asset Management Senior Portfolio Manager, says a lot of the concerns about global growth that were weighing on sentiment have been priced out of the market. Neil Shearing, Capital Economics Group Chief Economist, says we are in a new era of structurally weaker growth in emerging and developed markets. Francisco Blanch, Bank of America Head of Global Commodities & Derivatives Research, says America's energy boom has boosted U.S. immunity to the trade war with China. And Geetha Ranganathan, Bloomberg Intelligence U.S. Media Analyst, says Disney+ is the linchpin for Disney's direct-to-consumer strategy.

George Bory, Wells Fargo Securities Head of Fixed Income Research, says the current, positively-sloped U.S. yield curve is a good indicator for future economic growth. Yvonne Man, Bloomberg Daybreak Asia Anchor, says riot police are still in the streets in Hong Kong. Saira Malik, Nuveen Global Equities CIO, says China's economy will rebound if trade talks continue to make progress. Stephen Schork, Schork Group President, sees global oil demand peaking well before 2035. And Lakshman Achuthan, ECRI Co-Founder, says disruptive tech innovations can change the contour of the business cycle.

Stephen Stanley, Amherst Pierpont Securities Chief Economist, says that the bulk of the damage done to the U.S. economy is due to uncertainty from trade rather than tariffs themselves. Miranda Carr, Haitong International Senior Macro Strategist, says the trade war is hurting, but not destroying China’s economy. Geetha Ranganathan, Bloomberg Intelligence Media Analyst, says Disney is firing on all cylinders with a 'streaming first' mentality. Raphael Bostic, Atlanta Federal Reserve President & CEO, says the Fed is 'slightly accommodative.'

Guy Johnson, Bloomberg Markets European Close Anchor, recaps the Bank of England's decision to leave rates unchanged. Max Kettner, HSBC Multi Asset Strategist, says if yields continue to spike, financial conditions will tighten. Bipan Rai, CIBC Capital Markets Senior Macro Strategist, says the trade risk between the U.S. & the EU is currently underappreciated by markets. Shira Ovide, Bloomberg Opinion Columnist, says Uber would benefit if it disclosed cash-in and cash-out figures. And Max Chafkin, Bloomberg Businessweek Columnist, discusses Sheryl Sandberg's comments on Facebook's anti-trust issues.

Tom Porcelli, RBC Capital Markets Chief U.S. Economist, thinks it would take significant deterioration for the Fed to make additional cuts next year. David Kirkpatrick, Techonomy CEO & Founder, thinks that SoftBank's Masayoshi Son has positively contributed to the idea that digital technology can transform global economies. Geoff Yu, UBS Wealth Management Head of U.K. Investment Office, says the U.K. still has a long way to go before establishing its long-term relationship with the EU. And Esther Law, Amundi Asset Management Emerging Markets Debt Senior Investment Manager, says monetary policy on a global level has made EM look very attractive.

Charles Evans, Chicago Federal Reserve Bank President & CEO, sits down with Tom Keene at the Council on Foreign Relations in New York. They discuss inflation expectations, negative rates, and where the Fed is headed.

Brian Weinstein, Morgan Stanley Investment Management Head of Global Fixed Income, says that the promise of lower yields is driving people into equity markets. Phoenix Kalen, Societe Generale Director of EM Strategy, says China's slowdown has intricately impacted regions like Germany, exposing manufacturing troubles. Joseph Ricketts, TD Ameritrade Founder and Author of "The Harder You Work the Luckier You Get," says if the U.S. does not retain a free enterprise system, the country will be negatively impacted. And Lale Topcuoglu, JOHCM USA Senior Fund Manager, says there are sectors of the credit market that are greatly mispriced.

Mike Darda, MKM Partners Chief Economist & Macro Strategist, thinks the U.S. economic outlook has reached a "soft landing" point, as the consumer continues to carry the economy. Seema Shah, Principal Global Advisors Chief Strategist, says emerging markets are starting to look very attractive. Sara Senatore, Sanford Bernstein Senior Research Analyst, says McDonald's is still in a pretty good place despite firing their CEO. And Bloomberg's David Westin shares a clip of his interview with House Speaker Nancy Pelosi.

Ellen Zentner, Morgan Stanley Chief U.S. Economist, expects to see business investment improve before the consumer cracks. Jeffrey Rosenberg, BlackRock Financial Senior Portfolio Manager, says a stronger than expected jobs report eases concerns of manufacturing uncertainty. Richard Clarida, Federal Reserve Vice Chairman, says the economy is in the trend of range growth. And Lawrence Kudlow, National Economic Council Director, says phase one trade talks are not complete but are going well.

Frances Donald, Manulife Asset Management Head of Macroeconomic Strategy, says we have not experienced a period of such heightened trade tensions since the 1930s. Barry Eichengreen, University of California Berkeley Economics Professor, says if there is to be progress on trade with China, it will have to be incremental. Shannon Cross, Cross Research Co-Founder, says the entire tech-hardware industry is moving toward service models, centered around recurring payments from consumers. Henrietta Treyz, Veda Partners Director of Economic Policy, says U.S. voters are still concerned about the economy but less so than during the recession. And Demian Flowers, Commerzbank Automotive Analyst, says in order to profit from autos, overall manufacturing costs must go down.

Tony Crescenzi, PIMCO Market Strategist and Portfolio Manager, says a hawkish cut is a mistake in this environment. David Kirkpatrick, Techonomy CEO & Founder, says Apple is an astonishingly resilient company. Ira Jersey, Bloomberg Intelligence Chief U.S. Rates Strategist, says the Fed can sound more dovish than the market expects. And Therese Raphael, Bloomberg Opinion Columnist, says at the moment, this is Boris Johnson's election to lose.

Russ Koesterich, BlackRock Global Allocation Fund Portfolio Manager, says as long as the consumer continues to grow at its current pace, we can be "reasonably confident" we're not on the cusp of a recession. Peter Dixon, Commerzbank Global Equities Economist, says the European economy looks very sluggish compared to the United States. Matthew Luzzetti, Deutsche Bank Chief U.S. Economist, explains why Jerome Powell will orchestrate a hawkish cut tomorrow. Cheryl Miller, AutoNation CEO, says the majority of vehicles are purchased on credit and she feels good about the consumer. And Jennifer Bartashus, Bloomberg Intelligence Senior Analyst, says Beyond Meat is more like a technology company than a food one.

Michael Purves, Tallbacken Capital Advisors CEO, thinks that earnings season so far has been an important affirmation of what the bulls would like to see. Axel Christensen, BlackRock Chief Investment Strategist For Latin America, says Chile's President-elect Alberto Fernandez will have to negotiate deep structural changes in Argentina. Stephanie Kelly, Aberdeen Standard Senior Political Economist, says U.K. growth has been very weak relative to its potential. Gina Martin Adams, Bloomberg Intelligence Chief U.S. Equity Strategist, says that heading into third quarter earnings, investors were very bearish. And Sameer Samana, Wells Fargo Investment Institute Senior Global Market Strategist, says macro events like trade uncertainty and Brexit affect levels of volatility, but the market is primarily driven by the Fed.

Brian Levitt, Invesco Global Market Strategist, thinks the market is looking for the next catalyst to push higher. James Athey, Aberdeen Standard Investments Senior Investment Manager, says the Brexit "purgatory" is suiting no one. Brett Bruen, Global Situation Room Director and Former Global Engagement Director in the Obama White House, says President Trump's decision to pull out of the Iran Nuclear Deal makes a deal with North Korea much less likely. Nela Richardson, Edward Jones Investment Strategist, says earnings growth will continue to slow but still sees "bright lights" when it comes to the consumer.

Kate Moore, BlackRock Global Allocation Investment Team Head of Thematic Strategy, explains why we haven't seen the worst of it, despite some signs of life in third-quarter earnings. Jens Nordvig, Exante Data Founder & CEO, discusses Mario Draghi's legacy at the European Central Bank and the impact of a Lagarde presidency on the euro. Francesco Papadia, Former ECB Director General of Market Operations, explains why he thinks bank loans are the new asset the ECB is most likely to buy. Gertrude Tumpel-Gugerell, Former ECB Executive Board Member, says that the negative effects of low interest rates are visible in the economy.

Gideon Rose, Foreign Affairs Editor, says Trump would like to unwind U.S. commitments in the Middle East. Catherine Barnard, The U.K. in a Changing Europe Senior Fellow, says, "the ball is currently in the EU's court" after Boris Johnson begrudgingly has asked for an extension on Brexit. Wei Li, BlackRock Head of iShares EMEA Investment Strategy, says the low rate environment is contagious. Scott Galloway, NYU Stern Professor, thinks that Softbank's $9.5B WeWork rescue will go down as the costliest exercise in saving face in the history of the private markets. And Michael Nathanson, Moffettnathanson Senior Research Analyst, says we are heading towards a "race to the bottom" in a pivotal time for the media industry.

Gina Martin Adams, Bloomberg Intelligence Chief U.S. Equity Strategist, says about 80% of companies are beating expectations this Q3. Daniel Katzive, BNP Head of FX Strategy North America, says the immediate risk of a no-deal Brexit has been removed. Sonali Basak, Bloomberg News, says WeWork is gravitating towards SoftBank with the hopes it will be "more patient." Diane Swonk, Grant Thornton Chief Economist, says the trade war has taken a toll on manufacturing activity. And Sara Senatore, Sanford C Bernstein Consumer Analyst, says McDonald's is doing well in developed economies.

Edward Evans, Bloomberg Opinion Managing Editor, thinks that we are in for intense Parliamentary warfare over the next few days. Meredith Sumpter, Eurasia Group Head of Research Strategy, thinks that Boris Johnson is within touching distance of getting the majority that he needs. Charles Kantor, Neuberger Berman Long Short Fund Senior Portfolio Manager, says there's no lack of worries in the global stock market. Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, says the manufacturing sector is weak. And Frank Bennack, Hearst Executive Vice Chairman & “Leave Something on the Table” Author, says distribution is "King Kong."

Catherine Mann, Citi Global Chief Economist, says anybody who is betting on the breakup of the euro is making a bad bet. Jacob Frenkel, JPMorgan Chase International Chairman, says monetary policy has been the only game in town and we are paying the price for it now. Mij Rahman, Eurasia Group Managing Director of Europe, says a hard Brexit remains a risk. Torsten Slok, Deutsche Bank Securities Chief Economist, says the trade war between the U.S. and China appears to be escalating rather than diminishing. And John Hudak, Brookings Senior Fellow in Governance Studies, underlines the parallels between the current impeachment inquiry and Richard Nixon's in 1974.

Rosalind Mathieson, Bloomberg Executive Editor for International Government, says U.K. PM Boris Johnson still needs to win the backing of U.K. lawmakers for a Brexit deal. Huw Van Steenis, UBS Senior Adviser to CEO and Former Senior Adviser to BOE's Mark Carney, says it's "striking" Johnson was able to get the EU to back him. Jason Furman, Former White House Economic Adviser to Pres. Obama and current Harvard Kennedy School Professor, reflects on the accomplishments of the winners of the 2019 Nobel Prize in Economics. Mona Mahajan, Allianz Global Investors U.S. Investment Strategist, says trade uncertainty has a negative impact on businesses. Jane Foley, Rabobank Head of FX Strategy & Senior Analyst, thinks there will be some rebels within the Labour party who will vote for a deal.

Ian Bremmer Eurasia Group Founder & President and Thomas Buberl, AXA CEO, launch a co-authored report looking at the key emerging risks facing the world in the next 5-10 years. Alison Williams, Bloomberg Intelligence Senior Analyst, dissects Bank of America's third-quarter results. Admiral James Stavridis, Bloomberg Opinion Columnist and Former Supreme Allied Commander at NATO, sees bipartisan agreement that the current crisis in Syria is considered a failure of American foreign policy. Leo Tilman, "Agility" Author and Financier, explains why strategic and tactile agility should be practiced at any organization to thrive. Sonali Basak, Bloomberg TV & Radio Finance Reporter, says revenue at investment banks is not "winning."

Tom Orlik, Bloomberg Economics Chief Economist, updates us on trade talks between the U.S. and China. Andrew Hollenhorst, Citi Chief U.S. Economist, says the slowdown in Chinese manufacturing began before we had an escalation of trade tensions. Jeremy Stretch, CIBC Head of G10 FX Strategy, discusses why scheduled tariffs will be pushed "further into the distance" if progress is made. Betsy Graseck, Morgan Stanley Head of Banks and Diversified Finance Research, discusses what to watch as U.S. banks report third-quarter earnings this week. And David Sowerby, Ancora Managing Director & Portfolio Manager, says what we know for certain is that CEOs don't like uncertainty. 

Anthony Crescenzi, PIMCO Market Strategist, says uncertainty is driving the bond market.  Rupert Harrison, Multi-Asset Strategies Portfolio Manager at BlackRock, discusses Brexit and says the European Union and Ireland have an incentive to wait things out to see what an election delivers. Mary Lovely, Peterson Institute Senior Fellow, explains why the Chinese are very wary of making a deal with President Trump right now. Brooke Sutherland, Bloomberg Opinion Columnist, says General Electric is trying to put a cap on viability spending in order to acclimate for new interest rates. Mike Mayo, Wells Fargo U.S. Large-Cap Bank Research Head, says as banks report earnings, investors should pay attention to how banks are using technology to stay efficient.

Tom Orlik, Bloomberg Economics Chief Economist, says the fact that the Chinese delegation are in the U.S. suggests they want a trade deal. Kathy Fisher, Bernstein Head of Wealth & Investment Strategies, foresees slower economic growth. Lara Rhame, FS Investments Chief U.S. Economist, discusses why it's critical to get the next rounds of tariff hikes suspended. Lionel Laurent, Bloomberg Opinion Columnist, thinks the worst-case scenario for Brexit just improved. And Gene Munster, Loup Ventures Co-Founder, says Apple's wearable products will likely drive the company's stock higher in the future. 

Ebrahim Rahbari, Citi Global Head of FX Analysis, explains why the currency issue between the U.S. and China will be easy to resolve. Steven Cook, CFR Senior Fellow for Middle East & Africa Studies, discusses how the Turkish incursion has the potential to affect politics in Europe and the U.S. David Pearl, Epoch Investment Partners Co-Chief Investment Officer and Portfolio Manager, says Saudi Aramco's upcoming IPO is less about growth and more about increasing ownership value. Robert Kaplan, Dallas Fed President, says any future rate adjustments should be restrained and modest. 

Stephen Schwarzman, Blackstone CEO and Chairman, discusses his new book, "What it Takes: Lessons on the Pursuit of Excellence." He also weighs in on U.S.-China trade negotiations and notes their permanence after President Trump. 

Drew Matus, Metlife Investment Management Chief Market Strategist, says that if the U.S.-China trade war ends with a partial truce then the whole conflict has been a waste. Priya Misra, TD Securities Global Head of Rates Strategy, thinks that negative rates in the U.S. would potentially break the financial system. Lale Topcuoglu, JOHCM Fund Head of Credit & Senior Fund Manager, discusses why a top-down approach can be misleading for investors. And Elaine Kamarck, Brookings Senior Fellow, says the Kurds have been the U.S.A.'s best allies in the Middle East region. 

Bill Lee, Milken Institute Chief Economist says, the trade dispute has spilled over into a capital market dispute. Tobias Adrian, IMF's Monetary and Capital Markets Department Director, says rising debt around the world is creating certain vulnerabilities. Jihad Azour, IMF Middle East and Central Asia Department, says only the private sector can help build the economic state of Middle Eastern countries, prioritizing"inclusive growth." Sarah House, Wells Fargo Senior Economist, explains why she expects to see a dip to a run rate economy below 2% over the next couple of quarters. Tom Petrie, Petrie Partners Chairman, says major oil companies in North America are behind the curve on the shale revolution. 

Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says average hourly earnings is the most important number to pay attention to from the U.S. Employment Report because it provides insight about consumers' ability to drive consumption. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says the Fed's dot plot can be confusing at times but is here to stay. Jeff Rosenberg, BlackRock Systematic Fixed Income Team Senior Portfolio Manager, says we are heading in the direction of slow employment growth. Tiffany Wilding, PIMCO U.S. Economist, says Friday's mixed jobs data coupled with disappointing ISM data suggests that the Federal Reserve will cut rates in October and could lead to more easing in December. Larry Kudlow, National Economic Council Director, says the real economic trouble for the United States is the collapse of the European economy, not the ongoing trade war with China.

Krishna Memani, Invesco Vice Chairman of Investments, says the U.S. economy will be able to grow at a reduced rate, despite trade tensions and manufacturing weakness, because of the momentum in the consumer and service sectors. Margaret Patel, Wells Capital Management Senior Portfolio Manager, thinks that the treasury curve is pretty much immune to short-term fluctuations in stocks. Shuli Ren, Bloomberg Opinion Columnist, says U.S. investors see China as a big country with "a lot" of demand, but no supply. Dean Curnutt, Macro Risk Advisors CEO, discusses the implications of a global economic slowdown on the VIX index. 

Luigi Zingales, University of Chicago Booth School Finance Professor, says the global slowdown is going to continue until Germany delivers a major fiscal package, which is unlikely to happen any time soon. Rosalind Mathieson, Bloomberg International Government Executive Editor, says Prime Minister Johnson will crash out if he gets a no-deal Brexit. John Stoltzfus, Oppenheimer & Co. Chief Investment Strategist, thinks that the demand for equities is likely to increase. Andrew Hollenhorst, Citi Global Markets Chief U.S. Economist, details the current growth scare saying, “it’s harder to attribute this growth scare to something transitory.” David Rubenstein, Carlyle Group Co-Founder & Host of Bloomberg's Peer to Peer Conversations, reflects on his conversation with Justice Ruth Bader Ginsberg who reiterated her belief in incremental justice. 

David Page, AXA Investment Managers Senior Economist U.S. & U.K., says that we are close to a tipping point in the labor market. Timothy Graf, State Street Bank Head of EMEA Macro Strategy, says the Fed is more dovish than what markets anticipate. Alessio de Longis, Invesco Investment Solutions Senior Portfolio Manager, says emerging market growth is what will lead us into a rotation trade. Meredith Sumpter, Eurasia Group Head of Research Strategy, says China is working to ease current tensions but is not interested in pursuing the kind of structural reforms that Trump and Washington say are necessary. And Diane Swonk, Grant Thornton Chief Economist, says we don't have the tools we once had to stimulate the economy. 

Ian Shepherdson, Pantheon Macroeconomics Chief Economist, says China has given up on President Trump. Elizabeth Economy, CFR Senior Fellow and Director for Asia Studies, says the Chinese government will continue to use all the mechanisms they have at their disposal to keep the economy stable. Henrietta Treyz, Veda Partners Director of Economic Policy Research, discusses developments in the potential trading restrictions between U.S. and Chinese companies. And Jane Foley, Rabobank Head of FX Strategy, says the consumer remains resilient because the labor market is strong. 

Russ Koesterich, BlackRock Global Allocation Fund Portfolio Manager, says inflation is low. Sonali Basak, Bloomberg TV & Radio Finance Reporter, discusses what's ahead for new Wells Fargo CEO Charles Scharf. Lindsay Newman, Chatham House U.S. and the Americas Programme Senior Research Fellow, says the partisan divide is key in impeachment proceedings. And Jane Foley, Rabobank Head of FX Strategy, discusses Brexit's impact on how the BOE will operate as October 31st nears. 

Ken Burns, Documentary Filmmaker, joins Tom Keene and Paul Sweeney for a discussion on his latest film, "Country Music." Burns discusses iconic Martin guitars, the modernization of the genre, and country music's role in U.S. history. 

Marty Schenker, Bloomberg Chief Content Officer, says President Donald Trump is his own counsel. Steven Wieting, Citi Private Bank Global Chief Investment Strategist, says U.S. shares are the best performing assets. Leslie Vinjamuri, Chatham House Head of U.S. & Americas Programme, discusses the rationality of an impeachment inquiry. Hugo Rogers, Deltec Chief Investment Strategist, predicts a general election in the U.K. and says Boris Johnson will be the catalyst. Joyce Chang, JPMorgan Global Research Chair, says every 1% decline in China's growth is about .4% off of global growth. And Justin Sink, Bloomberg News White House Correspondent, previews the House hearing with Acting Director of National Intelligence Joseph Maguire today. 

Bill Dudley, senior research scholar at Princeton University, and former New York Fed President, discusses the benefits of Federal Reserve repo operations, a politicized Fed and his role during the 2008 financial crisis. He spoke to Bloomberg's Tom Keene. 

Surveillance comes to you from the Bloomberg Global Business Forum today. In conversation with  International Monetary Fund Acting Managing Director David Lipton.

Surveillance comes to you from the Bloomberg Global Business Forum today. We speak with policy makers, CEOs and strategists.

Diana Amoa, JPMorgan Asset Management Senior Portfolio Manager, argues that this low interest rate environment is the "new normal." Marilyn Watson, BlackRock Head of Global Fundamental Fixed Income Strategy, says trade tensions and fiscal stimulus are both core components of global growth. Thomas Raines, Chatham House Head of Europe Programme, defines the Boris Johnson versus Nigel Farage Brexit-voters. And Wei Li, Blackrock Head of iShares EMEA Investment Strategy, says they've recently upgraded European equities from underweight to neutral. 

Bill Dudley, senior research scholar at Princeton University, and former New York Fed President, discusses the benefits of Federal Reserve repo operations, a politicized Fed, the prospect of negative interest rates, and the economic impact of the U.S.-China trade war. He spoke with Bloomberg's Tom Keene and Jonathan Ferro. 

Willem Buiter, Citi Special Economic Adviser, says in Europe, there has not been a thorough "cleaning up" of the bank balance sheet. Wendy J. Schiller, Brown University Chair of Political Science, says politicians do not like uncertainty. Julia Coronado, MacroPolicy Perspectives President & Founder, offers her take on U.S. economic data. Admiral James Stavridis, former Supreme Allied Commander at NATO and Bloomberg Opinion Columnist, says anytime domestic politics assert themselves into international security concerns, there is a great risk. 

Today we start with a segment from Bloomberg Surveillance TV. Alan Ruskin, Deutsche Bank Chief International Strategist, says excess reserves in repo systems are ultimately not doing their job. Randall S. Kroszner, University of Chicago Professor and Former Federal Reserve Board Member, explains why the Fed should allow the balance sheet to continue to grow. Seema Shah, Principal Global Investors Chief Strategist, says people still have some optimism about Brexit. Ian Shepherdson, Pantheon Macro's Chief Economist & Founder, says that the trade war might actually be helping consumer spending right now. And Rett Wallace, Triton Research CEO, reviews WeWork's IPO. 

Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says the Fed is "absolutely" going to start purchasing assets again. Ira Jersey, Bloomberg Intelligence Chief U.S. Interest Rate Strategist, explains the Repo market. Laurence Boone, OECD Chief Economist, says if governments continue to rely solely on monetary policy, it will be difficult to put a break on the global growth slide. Greg Peters, PGIM Senior Portfolio Manager, says we have lots of room to run before we get a negative yield. And it's that time of year again -- Harvard University Football Coach Tim Murphy tells us what to watch this college football season. 

Catherine Mann, Citi Global Chief Economist, doesn't think the Fed's march towards 100 basis point cuts is a done deal. Jack Ablin, Cresset Wealth Advisors Founding Partner and CIO, says recession is the new expansion. Stephen King, HSBC Senior Economic Advisor, says low unemployment appears positive but can often be a sign of wage pressures beginning to build. And Austan Goolsbee, University of Chicago Booth School of Business Professor of Economics & Former Council of Economic Advisers Chair, thinks people are putting too much weight in that the "Fed can save us." 

Michael Holland, Holland & Company Chairman, discusses the origin of WeWork's "budding fiasco." Robert Shiller, 2013 Nobel Prize Winner, says President Trump's narrative has had immense power. Ellen Wald, Atlantic Council Global Energy Center Non-Resident Senior Fellow & Transversal Consulting President, says due to their built-in resiliency, Aramco may be back online sooner than expected. Paul Sankey, Mizuho Securities Oil Analyst, says the attacks on Aramco are a challenge for China, given their dependence on Middle Eastern oil. And Anat Admati, Stanford Professor of Finance & Economics, says the size of big tech companies become a symptom of the problems they are facing. 

Harry Tchilinguirian, BNP Head of Commodity Markets Strategy, breaks down the market risk surrounding the recent attack on Saudi oil supply. Michael Darda, MKM Partners Chief Economist & Macro Strategist, says based on the data released today, there are structural reasons why China is slowing down. Ted Alden, CFR Senior Fellow, says the global economy needs leadership. Henrietta Treyz, Veda Partners Director of Economic Policy Research, has her eye on how China and Iran will interact following the oil turbulence in Saudi Arabia. And Marc Chandler, Bannockburn Global Forex Chief Market Strategist, explains what it means when countries "borrow dollars." 

Kathy Fisher, Bernstein Head of Wealth and Investment Strategies, says the tolerance for deficit spending is greater than ever. Meredith Sumpter, Eurasia Group Head of Research Strategy, says neither China nor the U.S. are desperate enough to reach a trade agreement. Simon French, Panmure Gordon Chief Economist, says the Federal Reserve is under political pressure to follow the actions of the ECB. Giles Turner, Bloomberg News EMEA Tech Reporter, says WeWork needs to IPO to maintain its growth momentum. And Brian Rehling, Wells Fargo Investment Institute Co-Head of Fixed Income Strategy, discusses the predictive power of yield curve inversions. 

Joyce Chang, JPMorgan Securities Global Research Chair, says negative rates are here to stay. Alberto Gallo, Algebris Portfolio Manager, says European governments can now act on negative interest rates, for better or for worse. Marcus Ashworth, Bloomberg Opinion Columnist, says Mario Draghi is leaving a "smorgasbord" of policy options for Christine Lagarde. Kevin Cirilli, Bloomberg TV & Radio Chief Washington Correspondent, and Chuck Gabriel, Capital Alpha President, tell Surveillance what to expect from tonight's U.S. Democratic debate in Houston. And we finish the show by remembering oil man T. Boone Pickens with Bloomberg Radio's Robert Moon. 

Bloomberg Surveillance remembers Sept. 11, 2001. We hear from Bloomberg Government Homeland Security Reporter Michaela Ross, Bloomberg News Europe Deals Reporter Sarah Syed, Leuthold Group Chief Investment Officer Doug Ramsey, Passion Capital Partner Eileen Burbidge, and Bloomberg Opinion Columnist Chris Hughes. 

David Kirkpatrick, Techonomy Media CEO & Founder, says the arrogance of Silicon Valley is being broken already, with the help of Facebook's errors. Derek Halpenny, MUFG Head of European Global Markets Research, says the central bank easing course is "done and dusted." George Saravelos, Deutsche Bank Global Head of FX Research, says Europe is at a point with the ECB right now where "less is more." Nancy Ognanovich, Bloomberg Government Congressional Leadership Reporter, says we're looking at a 35% chance of another government shutdown this year. And Scott Galloway, NYU Stern Professor, warns of a consolidation of players in the streaming wars. 

Steve Eisman, Eisman Group Neuberger Berman Senior Portfolio Manager, thinks negative rates are "crushing" and a massive policy mistake. Steven Englander, Standard Chartered Global Head of G10 FX Strategy, looks ahead to the ECB meeting on Thursday. Carl Weinberg, High Frequency Economics Chief Economist, says the U.S. economy is going to be okay despite the headwinds coming from trade. And Therese Raphael, Bloomberg Opinion Columnist, says there is a movement towards reviving labor unions in the U.K. 

Ellen Zentner, Morgan Stanley Chief U.S. Economist says significant increases in optimism in the labor market can lead to higher participation rates. James Mayger, Bloomberg China Economy Editor & Beijing Deputy Bureau Chief, breaks down what the PBOC cutting its reserve requirement ratio means for the Chinese economy. Jeff Rosenberg, BlackRock Systematic Fixed Income Senior Portfolio Manager, explains why the August U.S. Job growth report is a"temporary" low. Tiffany Wilding, PIMCO U.S. Economist, says the jobs report confirms the trend that the labor market is slowing. Larry Kudlow, National Economic Council Director, reacts to the jobs report, says "tempers are calmer" as China and the U.S. prepare for talks and believes Former Fed President Dudley linking monetary policy to the election is a "new low."

Jacob Kirkegaard, Peterson Institute for International Economics Senior Fellow, lays out the possible outcomes for another U.K. general election. Esther Reichelt, Commerzbank AG FX Strategist, forecasts that unconventional monetary policy measures will drive the euro-dollar. John Authers, Bloomberg Opinion Columnist, says Brexit is unsolvable without a solution between Ireland and the U.K. And Ted Alden, CFR Senior Fellow & Author, "Failure to Adjust: How Americans Got Left Behind in the Global Economy," says we're in a more dangerous phase of the trade war now. 

Stephen Gallo, BMO Capital Markets Head of FX Strategy, says these are dramatic times and the entire global order is shifting. Steve Tsang, University of London SOAS China Institute Director, says Carrie Lam's announcement to withdraw the controversial extradition bill means mainland China is taking a softer approach to Hong Kong. David Sowerby, Ancora Managing Director & Portfolio Manager, brings us an update on the Mid-Cap investing space. And Anne Stevenson-Yang, J Capital Research Directory & Co-Founder, says China is working "mightily" to avoid a crash in the Hong Kong market. 

Rob Carolan, Bloomberg Meteorologist, brings us an update on Hurricane Dorian. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, says retail sentiment is quite bearish. Dan Ahn, Former U.S. Department of State Chief Economist, doesn't think that weakness appearing in both the U.S. & world economy is driven solely by trade tensions. Lindsey Piegza, Stifel Chief Economist, explores why global manufacturing has fallen into a slump and how it will impact global growth. And Krishna Memani, Invesco Vice Chairman of Investments, says valuations in EM are extraordinarily attractive. 

For an episode of Bloomberg's podcast Behind the Scenes, Bloomberg Surveillance’s Tom Keene sits down with GAMCO Investors CEO Mario Gabelli to discuss value investing, philanthropy and Warren Buffett. 

Lakshman Achuthan, Economic Cycle Research Co-Founder, thinks we would still be in a global slowdown without the U.S.-China trade war. Dan Fuss, Loomis Sayles Vice Chairman & Portfolio Manager, says the bid for dollar-based bonds is still very strong. Simon Usherwood, 'The UK in a Changing Europe' Deputy Director, says it's not clear what would happen if there is a general election in the U.K. Sarah House, Wells Fargo Securities Senior Economist, expects a consumption slowdown heading into the coming quarter. And Admiral James Stavridis, Former NATO Supreme Allied Commander Europe, offers advice: "you've got to lead from the inside out."

Andrew Hollenhorst, Citi Chief U.S. Economist, thinks that there is some recognition in the bond market that global growth may be slow for a long time. Mij Rahman, Eurasia Group Managing Director of Europe, says the economic cycle in Europe is not robust due to broader concerns about trade disputes. Jordan Rochester, Nomura FX Strategist, says the ECB has few options left for inflation. Peggy Collins, Bloomberg News Managing Editor U.S. Economy, says Treasury Secretary Mnuchin has left the question of currency up in the air. And Paul Romer, Nobel Laureate & NYU Stern School of Business Professor of Economics, thinks we've been slow to react to some of the negative effects of new technology. 

Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says he is waiting for full acknowledgement of a U.S. recession. Adam Posen, PIIE President, discusses why Chairman Powell has to be wary of not predicting the outcomes of the U.S.-China trade war, but rather react to them. Tara Lachapelle, Bloomberg Opinion Columnist, says the Philip Morris-Altria reunion will benefit both companies. Alicia Levine, BNY Mellon Chief Strategist, says to expect a range-bound market while uncertainty over trade is at its peak. And Ferdinando Giugliano, Bloomberg Opinion Editor, discusses whether or not there's a place for politics in central bank decisions. 

Mohamed El-Erian, Bloomberg Opinion Columnist & Allianz Chief Economic Adviser describes how he thinks central banks are being held hostage by markets. Maddi Dessner, JPMorgan Asset Management Managing Director, says the U.S. consumer remains resilient in the wake of raising tariffs. Tony Dwyer, Canaccord Genuity Chief Market Strategist, says it's better to react to market conditions rather than try to anticipate the next move. Catherine Mann, Citi Global Chief Economist, says currency intervention does not have a lasting impact. And Mario Gabelli, GAMCO Investors CEO, weighs in on the TV streaming wars. 

Jens Nordvig, Exante Data Founder & CEO, analyzes dollar strength, in relation to the G-7 and U.S.-China trade talks. Margie Patel, Wells Fargo Asset Management Senior Portfolio Manager, says the Fed's new approach will allow the economy to grow. Ashwin Alankar, Janus Global Head of Asset Allocation & Risk Management, explains why monetary policy may not be able to do much to quell trade war uncertainty. John Hudak, Brookings Governance Studies Senior Fellow, questions whether there is a Democratic nominee who will work well with China on trade. 

Bloomberg's Michael McKee joins us with a series of interviews from the Jackson Hole Economic Policy Symposium. First, St. Louis Fed President James Bullard says U.S. farmers are in a down economy. Dallas Fed President Robert Kaplan says, "I'm open to adjusting rates but would prefer not to." Cleveland Fed President Loretta Mester is "confident" inflation is moving back toward the Fed's goal. And Philadelphia Fed President Patrick Harker thinks the Fed should stay its course and see "how things unfold."

Dana Peterson, Citi Global Economist, says in respect to the trade war between the U.S. and China, the damage to the global economy has already been done. Esther George, Kansas City Fed President, joins Bloomberg's Michael McKee at Jackson Hole and says she is not ready to provide more policy accommodation. Robert Hormats, Kissinger Vice Chair & former Goldman Sachs International Vice-Chair, says a resolution to Brexit would ease volatility. And Brian Wieser, GroupM President, discusses ad business in the streaming age.

Nick Bennenbroek, Wells Fargo Securities Head of Currency Strategy, predicts the U.S. dollar will remain stable or slightly stronger. Ralf Preusser, Bank of America Merrill Lynch International Global Head of Rates Strategy, says this is not a normal rate cut cycle for the Fed. Jane Foley, Rabobank Head of FX Strategy, questions whether or not there will be stimulus from Germany. And Brian Hook, Pompeo Senior Policy Adviser & U.S. Special Representative for Iran, says the White House's sanctions on Iranian oil have been successful. 

Greg Daco, Oxford Economics Chief U.S. Economist, says they're expecting the U.S. economy to slow this year. Ken Leon, CFRA Research Global Director of Research, says REITs, particularly healthcare REITs, are recession-resistant. Terry Haines, Pangea Policy Advisory Founder, says frustrations from trade talks stem from China not wanting to make an enforceable agreement. And Katherine Chiglinsky, Bloomberg Finance Reporter, says it's been surprising to investors over the years to see how connected GE still is to the insurance market.

Don Rissmiller, Strategas Research Chief Economist, looks ahead to Jackson Hole and says monetary policy "can't do it all." Claus Vistesen, Pantheon Macroeconomics Chief Euro-Zone Economist, predicts Germany will enter a technical recession. Lara Rhame, FS Investments Chief U.S. Economist, says she expects the U.S. economy to slow to uncomfortably low levels but not a recession. Rob Schiffman, Bloomberg Intelligence Analyst, doesn't see much risk to Apple's cash flow regardless of the tariff situation. 

Tony Crescenzi, PIMCO Market Strategist and Portfolio Manager, dismisses the idea of "pressing the panic button," given the economy's current outlook. Dana Peterson, Citi Global Economist, says the U.S. is participating in a global trade and manufacturing slump. Michael Darda, MKM Partners Chief Economist and Macro Strategist, says central banks need to get ahead of the yield curve. Kevin Carey, New America Education Policy Vice President, explains the complications of existing federal student loan programs.

Russ Koesterich, BlackRock's Global Allocation Team Portfolio Manager, says our economy is increasingly dependent on the consumer. Jeff Currie, Goldman Sachs Global Head of Commodities Research, says iron ore is the "canary in the coal mine." Sarah Halzack, Bloomberg Opinion Columnist, recaps Walmart earnings. John Herrmann, Mufg Securities Americas Director of U.S. Rate Strategy, says the U.S. job market is still resilient. And Julian Jackson, "De Gaulle" Author, discusses France's history and its reflection on present day politics. 

Priya Misra, TD Securities Global Head of Rates Strategy, says a recession is very likely within the next 12 months. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, believes the core issue with the trade war is actually how it's affecting business confidence, capex and hiring. George Friedman, Geopolitical Futures Founder and Chairman, explains why Beijing is deeply worried about Hong Kong protests. Ira Jersey, Bloomberg Intelligence Chief U.S. Interest Rate Strategist, analyzes global yield curves. And Brian Kelly, The Points Guy Founder, says it's unstable times for tourism in Hong Kong. ------

Yvonne Mann, Bloomberg Markets Asia Anchor, reports Hong Kong protesters plan for another march on Sunday. Gideon Rose, Foreign Affairs Magazine Editor, predicts foreign business in China will decline. Brian Weinstein, Head of Global Fixed Income at Morgan Stanley Investment Management, says Fed easing may keep us alive but it can't spur the global economy. Willem Sels, HSBC Private Banking Chief Market Strategist, is not yet buying the dip because he sees room for further shake-ups in the market. And Marie Owens Thomsen, Credit Agricole Indosuez Wealth Management Chief Economist, says the European banking sector is "a bit under-loved" right now. 

Carl Weinberg, High Frequency Economics Chief Economist and Managing Director, saysthe longer we go, the greater the risk of a systemic failure caused by negative interest rates. Yvonne Man, Bloomberg TV Anchor, reports from Hong Kong that there are areas in the city that are still safe. Jeffrey Wright, Eurasia Group North America Analyst, says trade issues with China and the U.S. are longstanding. And Julia Coronado, Macropolicy Perspectives Founder & President, weighs in on the rate cut debate. 

Ben Carson, U.S. Housing & Urban Development Secretary, says opportunity zones will bring investment into areas that were previously economically-deprived. Ron Temple, Lazard Asset Management Co-Head of Multi-Asset & Head of U.S. Equity, says the Fed is tackling a mid-cycle adjustment. Gregory Valliere, AFG Investments Chief U.S. Policy Strategist, says there's uncertainty for farmers in the midst of U.S., China trade tensions. And Alicia Levine, BNY Mellon Strategist, says there are "likely more unpleasant headlines" for the markets in September. 

Steve Wieting, Citi Private Bank Chief Investment Strategist, doubts that the Fed has any insight of what's next on trade. David Kostin, Goldman Sachs Chief Equity Strategist, says the gap between bond and earnings yields is the highest we've seen in a long time. Sonia Meskin, Standard Chartered U.S. Economist, discusses the outlook for the U.S. economy. And Annie Massa, Bloomberg Asset Management Reporter, discusses her Bloomberg Businessweek story, "Asset Managers With $74 Trillion on Brink of Historic Shakeout." 

Conrad DeQuadros, RDQ Economics Senior Economist & Founding Partner, hopes the Fed realizes their role in driving the markets. David Pearl, Epoch Investment Partners Co-CIO and Portfolio Manager, says monetary policy in Europe has run out of gas. Fred Bergsten, Peterson Institute for International Economics Founding Director, thinks the Chinese have been quite careful not to manipulate in the sense of "driving their currency down." John Normand, JPMorgan Head of Cross Asset Fundamental Strategy, calls the risk of a trade war an "unquantifiable force." And Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says until a China-U.S. trade breakthrough is accomplished, the markets are going to remain very volatile. 

Liz Ann Sonders, Charles Schwab Chief Investment Strategist, encourages diversification in this market environment. Robin Brooks, IIF MD & Chief Economist, says China's overall trade surplus is still large. Steven Major, HSBC Managing Director & Global Head of Fixed Income Research, cuts his year-end-2019 U.S. 10-year yield forecast to 1.50%. Lawrence Summers, Former U.S. Treasury Secretary, says we're in quite "uncharted territory" with President Trump weighing in on monetary policy and dollar strength. And Chetan Ahya, Morgan Stanley Chief Economist & Global Head of Economics, points to the surge in patent requests in China as a sign of growth. 

Marc Chandler, Bannockburn Global Forex Chief Market Strategist and Managing Partner, discusses the unintended consequences of U.S.-China tensions. Henrietta Treyz, Veda Partners Director of Economic Policy, says the U.S.-China trade war is more political than economic. Alan Ruskin, Deutsche Bank Securities Managing Director & Chief International Strategist, sees a level of disruption that could come from trade war escalation that's not being fully priced into the market. Lale Topcuoglu, JOHCM Senior Fund Manager, says investors are mis-pricing liquidity premiums. And Mark Connors, Credit Suisse Global Head of Prime Brokerage Portfolio & Risk Advisory, says a 1% yield on the U.S. 10-Year Treasury is more of a probability than a possibility.

Michelle Meyer, Bank of America Merrill Lynch Head of U.S. Economics, says markets are encouraged by the dovish central bank pivot. Henrietta Treyz, Veda Partners Director of Economic Policy, does not expect President Trump's tariff threat to make China purchase more U.S. agricultural products. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says the Fed failed to be aggressive enough. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, explains why average wage growth is being held down. Larry Kudlow, National Economic Council Director, says the consumer impact from China tariffs is very small. 

Adam Posen, Peterson Institute President, says the Bank of England can't do anything ahead of Brexit. Willem Buiter, Citi Special Economic Advisor, only sees the BOE hiking rates in response to a soft Brexit. Vincent Reinhart, Standish Mellon Asset Management Chief Economist, says he no longer takes "Japanification" as a bad term. Andrew Slimmon, Morgan Stanley Investment Management Senior Portfolio Manager, does a deep dive into consumer staple stocks. And Amanda Renteria, Clinton 2016 Presidential Campaign National Political Director, says a fighting spirit is more important than policy proposals for the Democratic candidates. 

Stephen Stanley, Amherst Pierpont Chief Economist, doesn't think the Fed is paying a lot of attention to growth. Meredith Sumpter, Eurasia Group Head of Research Strategy & Operations, says Washington and Shanghai are not getting to "core issues." Priya Misra, TD Securities Global Head of Rates Strategy, says we could get a post-ECB-type reaction if the market doesn’t get an explicit commitment to more cuts. And Kevin Cirilli, Bloomberg Chief Washington Correspondent, joins us from the Democratic debates in Detroit with a preview for tonight. 

Lindsey Piegza, Stifel Chief Economist, says the Fed is optimistic in terms of growth and inflation. Jordan Rochester, Nomura G-10 FX Strategist, discusses the grim outlook for the British Pound in the case of a no-deal Brexit. Jennifer Hillman, CFR Senior Fellow for Trade & International Political Economy and Former Commissioner at the U.S. International Trade Commission, thinks it will be extremely hard for the U.S. & China to reach a trade deal this week. And Jennifer Bartashus, Bloomberg Intelligence Analyst for Food Retail, says Beyond Meat's partnerships are keeping their momentum alive. 

Shahab Jalinoos, Credit Suisse Head of FX & Macro Trading Strategy, says the dollar has already peaked in this cycle. Terry Haines, Pangea Policy Advisory Founder, says the threat of direct Chinese intervention in Hong Kong is still there. Admiral James Stavridis, Bloomberg Opinion Columnist and Former NATO Supreme Allied Commander, says that we have entered a red zone of miscalculation in the conflict with Iran. Tara Lachapelle, Bloomberg Opinion Columnist, explores Dish CEO Charlie Ergen's current position after recent M&A in the sector. 

Peter Schaffrik, RBC Capital Markets Global Markets Strategist, says as long as the consumer stays strong, U.S. growth will keep a steady pace. Paul Sweeney, Bloomberg Surveillance Radio Anchor, recaps Amazon's second quarter results and previews the outlook for the e-commerce company. David Rosenberg, Gluskin Sheff Chief Economist, reacts to U.S. Second-quarter GDP and says he thinks small business employment serves as the canary in the coal mine for the economy. Tara Lachapelle, Bloomberg Opinion Columnist, looks ahead to the anticipated approval of the T- Mobile-Sprint deal by the Department of Justice, which she says will do little to curtail the competitive advantage of the two merging companies.

Seema Shah, Principal Global Investors Chief Strategist, says the ECB is "laying the groundwork" for action in September by holding rates steady in July. Jeremy Stretch, CIBC Head of G10 FX Strategy, says currencies are becoming increasingly politicized. David Rubenstein, Carlyle Group co-founder and host of "Peer-to-Peer Conversations," discusses his latest episode with Lorne Michaels and how the SNL creator has evolved the show's humor. Shira Ovide, Bloomberg Opinion Columnist, thinks scrutiny of big tech is having a positive impact on business. 

Michael McKee, Bloomberg International Economics & Policy Correspondent, discusses the impact of weakening German manufacturing data ahead of the ECB's rate decision tomorrow. Bob Hormats, Kissinger Associates Vice Chair, says incoming U.K. Prime Minister Boris Johnson's proposed cabinet reflects the diversity of the Tory Party. Alicia Levine, BNY Mellon Chief Strategist, says global negative yields are inescapable in the U.S. Tim O'Brien, Bloomberg Opinion Columnist, says only legislators who have read the full Mueller report should be allowed to ask questions in the hearings today. And Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, does not expect falling interest rates to be good for stocks. 

Gabriela Santos, JPMorgan Asset Management Global Market Strategist, is bearish on European equities in the short term. Catherine Barnard, Cambridge University Professor, discusses the challenges incoming U.K. Tory Leader Boris Johnson could face if he has to govern without a majority. Narayana Kocherlakota, Bloomberg View Columnist & former Minneapolis Fed President, says Fed Chairman Jerome Powell has proven himself to be a consensus builder. Gita Gopinath, IMF Chief Economist, says inflation is "undershooting for most of the major economies." And Francine Lacqua, Bloomberg Surveillance TV Anchor, discusses who Boris Johnson may appoint to his cabinet. 

Robert Feldman, Morgan Stanley MUFG Securities Senior Advisor, discusses Japan's Prime Minster Abe's slim victory and his plan to hike tax rates. Peter Hooper, Deutsche Bank Securities Economic Research Global Head, says he expects several rate cuts by the end of this year assuming trade tensions worsen. Brooke Sutherland, Bloomberg Opinion Columnist, says aerospace is still a safe space to be invested in. Jonathan Portes, Kings College Economics and Public Policy Professor, says that none of the options on the table will make Brexit go away. 

James Sweeney, Credit Suisse Chief Economist, forecasts the Fed will cut rates from 25-50 basis points. Catherine Mann, Citigroup Global Chief Economist, says the incoming data from the U.S. and global economies do not warrant "dramatic" market pricing. Lisa Ellis, MoffettNathanson Partner, discusses how IBM's recent acquisition of Red Hat will strengthen its position in cloud computing. Anat Admati, Stanford Finance Professor, doesn't think the U.S. financial system is fundamentally safer than it was before the financial crisis. Mia Fineman, The Metropolitan Museum of Art Associate Curator & lead on, "Apollo's Muse: The Moon In The Age of Photography," and Bob Moon, Bloomberg Radio Anchor, remember the moon landing, 50 years on. 

Bob Michele, JPMorgan Asset Management CIO, warns U.S. Treasury yields are heading "all the way down to zero" over the next couple of years. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, explains why there is "no economic justification" for the Federal Reserve to cut rates. Gerard Cassidy, RBC Capital Markets Equity Research Director, discusses overall bank earnings, noting the numbers were "slightly below expectations" across the board. Shira Ovide, Bloomberg Opinion Columnist, says Netflix subscriber numbers are the one thing that investors care about...and they sunk. Michael Nathanson, MoffettNathanson Founding Partner, discusses why he was shocked by Netflix's results. 

Taylor Riggs, Bloomberg News Reporter, breaks down Bank of America's earnings. Chris Marangi, Gabelli Funds Co-Chief Investment Officer, recaps commonalities in the major bank reports. Bloomberg's Maria Tadeo calls in from Chantilly, France to discuss her conversation with French Finance Minister Bruno Le Maire and his distaste for Facebook's Libra. Mitch Roschelle, PWC Partner & Business Development Leader, examines June housing starts, noting U.S. new-home construction fell for a second month. Michael Feroli, JPMorgan Chief U.S. Economist, thinks a powerful consumer and strong government spending will keep the U.S. ahead. And Bloomberg's Nathan Hager remembers Supreme Court Justice John Paul Stevens in a special report. 

Sonali Basak, Bloomberg News Investment Banking Reporter, notes JP Morgan's net interest is on the decline. Tom Michaud, KBW Chief Executive, discusses why the dynamic of smaller to larger banks is shifting. John Stoltzfus, Oppenheimer Co. Chief Investment Strategist, says financials are a good place to be as a shareholder. Taylor Riggs, Bloomberg Reporter, notes there were "no big surprises" in Wells Fargo's earnings. Mark McCormick, TD Bank Global Head of FX Strategy, explains how he gauges the dollar in the midst of trade tensions. Diane Swonk, Grant Thorton Chief Economist, discusses the "pretty stunning" gains in online retail sales.

Jacob Kirkegaard, Peterson Institute Senior Fellow, thinks Europe will have a pragmatic new leadership team if Ursula von der Leyen is approved for Commission president. Bloomberg's Taylor Riggs reacts to Citigroup's second-quarter results. Ken Leon, CFRA Director, Equity Research previews this week's bank earnings and is enthused about U.S. banks' new ability to return cash. Duncan Fox, Bloomberg Intelligence Senior Industry Analyst, sees AB InBev's Asian IPO Suspension as a signal that there is little room for consolidation in the region. Bloomberg Opinion Columnist Alex Webb and Greg Boutle of BNP Paribas discuss Alan Turing's legacy in artificial intelligence and mathematics as the U.K. announces him as the face of the new 50-pound note. 

Willem Buiter, Citi Special Economic Adviser, says Europe is yet to clean up the banking system following the financial crisis. Jane Foley, Rabobank Head of FX Strategy, says the South African rand is the most obvious EM FX trade. Susan Lund, McKinsey Partner, discusses her report, "The Future of work in America." And Kelsey Broderick, Eurasia Group China Analyst, says President Trump and his trade negotiators have different goals in talks with China. 

Bob Doll, Nuveen Asset Management Chief Equity Strategist, explains the real issues the U.S. faces today but "doesn't see a recession any time soon." Chris Grisanti, Grisanti Capital Management CEO, shares best practices in investing and discusses value with the S&P 500 near record highs. Alicia Levine, BNY Mellon Chief Strategist, says, "The Fed's actions today are going to support the riskiest parts of the market." Paul Sweeney, Bloomberg Radio Anchor, calls in from Sun Valley where the top names in tech and media are gathered for the 2019 Allen & Co. Conference. 

Stephen Stanley, Amherst Pierpont Chief Economist, says that if the Fed is not planning on cutting in July, it needs to tell markets soon. Robert Albertson, Sandler O'Neill Chief Investment Strategist, thinks Deutsche Bank will "survive" their $8.3 billion overhaul plan. Henrietta Treyz, Veda Partners Director of Economic Policy, discusses Trump's position on Huawei in the aftermath of the G-20. Paul Sweeney, Bloomberg Radio Anchor, surveys the media sector from the Allen & Co. Conference in Sun Valley. David Rubenstein, Carlyle Group Co-Chairman and "Peer-to-Peer Conversations" Host, previews his conversation with Uber CEO Dara Khosrowshahi. 

Lindsey Bell, CFRA Investment Strategist, says that while defensive stocks are performing well, the technology sector is "the best performing sector on a year-to-date basis." Chris Whalen, a former debt rater at Kroll Bond Rating Agency and now Whalen Global Advisors Chairman, has bearishly low expectations for Deutsche Bank's future. David Bloom, HSBC Global Head of FX Strategy, thinks that the power of the U.S. dollar is here to stay. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, argues the economy does not need rate cuts but does need "a Fed that is going to show support." And Paul Sweeney, Bloomberg Radio Anchor, joins us from the Allen & Company Sun Valley Conference to preview his upcoming media and tech interviews. 

Filippo Alloatti, Hermes Senior Credit Analyst, says Deutsche Bank must now work with regulators on a new investment strategy to be "less of a problem" in the future. Alison Williams, Bloomberg Intelligence Senior Analyst of Global Investment Banks & Asset Managers, thinks Deutsche Bank CEO Christian Sewing has made "the best of bad choices" with the company's latest restructuring plan. Marcus Ashworth, Bloomberg Opinion Columnist, examines the embattled Deutsche Bank's retreat out of investment banking, saying the German lender is not going to be "the Goldman Sachs of Europe." And Krishna Memani, Invesco Vice Chair of Investments, thinks the U.S. Economy is going to pick up in the second half.

Julia Coronado, MacroPolicy Perspectives President and Founder, explains how the Fed must ideally move ahead of risks instead of waiting on data. Jason Furman, Former White House Council of Economic Advisers Chairman, predicts what the stronger than expected U.S. jobs report might mean for the Fed. Michael Darda, MKM Holdings Chief Economist & Market Strategist,  doesn't think the strong employment report should be enough to prevent the Fed from easing policy. Larry Kudlow, White House National Economic Council Director, says that the Federal Reserve should "take back" the interest rate hike because of positive economic and market indicators. Simon Kennedy, Bloomberg Economics Executive Editor, reports that European government are actively discussing nominating BOE Governor Mark Carney as the next head of the IMF. 

Kathy Fisher, Bernstein Head of Wealth & Investment Strategies, identifies the need for adaptability in a disruptive global economy. Frederik Ducrozet, Pictet Wealth Management Strategist, is pleasantly surprise by the choice to have Christine Lagarde take the helm from Mario Draghi. Peter Navarro, Assistant to the President for Trade and Manufacturing Policy, says U.S. Trade Representative Robert Lighthizer will soon meet face to face with China Vice Premier Liu He. Rick Atkinson, author of "The British Are Coming," reflects on the legacy of the Revolutionary War in the first volume of his new trilogy. 

Jim Caron, Morgan Stanley Investment Management Fixed-Income Portfolio Manager, identifies one of the contributing factors to increased negative-yielding European debt: "borrowers are simply not borrowing." Jeffrey Wright, Eurasia Group U.S. Analyst, believes that the administration's reasoning behind no firm deadline in U.S.-China trade discussions is to avoid market pressure. Megan Greene, Harvard Kennedy School Senior Fellow, explains why the Fed will most likely cut rates. Jai Jacob, Lazard Asset Management Managing Director, says market uncertainty is being driven by trade, monetary and fiscal policy. 

Carl Weinberg, High Frequency Economics Chief Economist & Founder, says the industrial recession in Europe is ongoing with "no clear end in sight." Bob Profusek, Jones Day Global Chair of M&A, talks potential takeovers in the second half and what he's watching. Lindsey Piegza, Stifel Chief Economist, says durable goods and inventories are important market economic data points. And Daniel Ives, Wedbush Securities Analyst, explains how forthcoming trade talks between the U.S. and China will impact Apple's shares and production.

Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, explains why she thinks small cap stocks deserve to be underperforming. Robert Hormats, Kissinger Associates Vice-Chair, says rather than focusing on China, the U.S. ought to strengthen its own competitive capability. Shira Ovide, Bloomberg Opinion Technology Columnist, doesn't think there's a software guru at Apple. And Lawrence Ferrara, NYU Professor of Music, says copyright infringement claims have greatly increased over the past several years. 

In this special, the Surveillance team does a deep dive on Major League Baseball's debut in the U.K. Robert Manfred Jr., MLB Commissioner, speaks on the profound financial opportunities of bringing Major League Baseball to Europe. And Sam Kennedy, Boston Red Sox CEO, illustrates the severity of the need to grow the MLB on an international scale. 

Julian Emanuel, BTIG Chief Equity and Derivatives Strategist, explains why he thinks energy stocks are currently unloved. Shawn Donnan, Bloomberg Senior Writer, examines a potential pause in tariffs at the G-20 in Osaka - where Huawei could be a detrimental factor in trade discussions. Brooke Sutherland, Bloomberg Opinion Columnist, analyzes a new technical malfunction for Boeing and what it could mean for the current share value. And Joseph Abboud the Chief Creative Director at Tailored Brands, the parent company of Men's Wearhouse, shares how European and American men's fashion differ. 

Joyce Chang, JPMorgan Chair of Global Research, says, "it's not all about the Fed," expecting fixed income yields to lower. Catherine Mann, Citi Managing Director and Global Chief Economist, hones in on the "most pivotal" issue: the interaction of financial markets and the real economy based on the G20. Tim O'Brien, Bloomberg Opinion Columnist, expects moderate and progressive discussions during tonight's Democratic debate. Stephen Stanley, Amherst Pierpont Chief Economist, explains why he thinks productivity growth may be accelerating. And Seema Shah, Bloomberg Intelligence Consumer Senior Analyst, says there's no money to be made in the The RealReal's luxury consignment business.

Tobias Levkovich, Citi Investment Research Chief U.S. Equity Strategist, shares why he has been bullish on healthcare equipment services. Liz Krutoholow, Bloomberg Intelligence Healthcare Analyst, describes the horizon for Allergan's long term growth as "unimpressive." Heidi Crebo-Rediker, Council on Foreign Relations Adjunct Senior Fellow, thinks a trade war ceasefire is the best we can hope for from a Trump-Xi meeting at the G-20. And Golnar Montevalli, Bloomberg Reporter in Tehran, doubts personal sanctions against religious leaders will have a tangible impact on the economy.  

Dan Tannebaum, PwC Global Sanctions Leader, discusses how the U.S. could continue to pressure Iran despite running low on additional things to sanction. Mary E. Lovely, Peterson Institute Senior Fellow & Syracuse University Professor, considers the possible outcomes of the forthcoming meeting between President Trump and President Xi. And Peter Navarro, Assistant to the President and Director of the Office of Trade and Manufacturing Policy, says Mexico and the United States are significantly closer now. And Former Rep. Joe Sestak Jr., Democratic Presidential Candidate, says his military experience sets him apart when it comes to foreign policy.

William Lee, Milken Institute Chief Economist, parses the Fed message with conflicting economic signals resulting in new emphasis on next jobs report. Leslie Falconio, UBS Global Wealth Management's Chief Investment Office Senior Strategist, shares her preferred market strategy — overweight equity versus fixed income. Dan Yergin, IHS Markit Vice Chairman, is surprised at how well the market has adjusted to the cessation of Iranian and Venezuelan oil. Diane Jaffee, TCW Group Senior Portfolio Manager, says business uncertainty will lead to decreased capital expenditures. And Adm. James Stavridis, Carlyle Group Adviser & Bloomberg Opinion Columnist, says President Trump's "military policy by tweet" is "so unhelpful."

In an exclusive conversation with Tom Keene, Federal Reserve Vice Chairman Richard Clarida says the argument in favor of cutting interest rates has strengthened recently as cross currents buffet the U.S. economy, amid heightened uncertainty. Clarida also brushed aside concerns that the Fed’s political autonomy is at risk from President Donald Trump.

Diana Amoa, JPMorgan Asset Management Fixed Income Portfolio Manager, discusses why the Fed needs to act into a deeper cutting cycle. Bill Smead, Smead Capital Management Founder, says the U.S. economy is pretty strong. Janet Henry, HSBC Bank Global Chief Economist, says a trade deal would be good news for equities. And Shira Ovide, Bloomberg Opinion Columnist, indicates Slack is not raising capital today.

We kick off with a segment from our TV broadcast with Blackstone CEO Stephen Schwarzman. He tells Francine Lacqua & Tom Keene that lower rates would be great "symbolically" but it wouldn't change business decisions. Julia Coronado, Macropolicy Perspectives President and Founder, outlines the Fed's difficult communication challenge. Krishna Memani, Invesco OFI CIO, says growth is moderating but not to a catastrophic level. And Vincent Reinhart, Mellon Chief Economist & Macro Strategist, echoes Coronado's take that central banks have "a hard time anchoring" communications. 

We kick off with a segment from our Bloomberg TV show with Bloomberg's Joe Weisenthal and Nordea Asset Management's Sebastian Galy. They weigh in on Facebook's new Libra cryptocurrency. Adam Posen, Peterson Institute President, says ECB policy is not targeted at the U.S. dollar. General Stanley McChrystal, Former Commander of U.S. and International Forces in Afghanistan, says "leadership requires character." Lindsey Piegza, Stifel Chief Economist, says today's U.S. housing starts paint a negative picture for the second quarter. And Gary Shilling, Bloomberg Opinion Columnist, says the Fed does not want to go negative on rates. 

David Blanchflower, Former BOE Monetary Policy Committee Member and Dartmouth Professor, answers the question he asks in his new book: "Not Working: Where Have All the Good Jobs Gone?" Priya Misra, TD Securities Managing Director and Global Head of Rates Strategy, expects the Fed to signal readiness to ease policy in their next meeting, but that they will stop short of committing to a near-term cut. Bloomberg's Stephen Engle, reports live from Hong Kong, where protests continue. Meredith Sumpter, Eurasia Group Head Of Research Strategy and Operations, expects Hong Kong leader Carrie Lam to continue to fight to hold on to her job. Elisa Martinuzzi, Bloomberg Opinion Columnist, says investors are disappointed in the vision that Deutsche Bank has given for its future since they walked away from merger discussions with Commerzbank. 

Tony Crescenzi, PIMCO Market Strategist and Portfolio Manager, sees U.S. rates collapsing toward 0% over the next five years. In a banking roundtable, Gerard Cassidy, Head of U.S. Bank Equity Strategy for RBC Capital Markets defends the profitability of U.S. investment banks, while Jonathan Tyce, Bloomberg Intelligence European Banking Analyst, says Barclays is better than Europe but still lagging its American peers. Alexia Howard, Bernstein Analyst, recently downgraded Beyond Meat because she saw the valuation get overstretched too quickly. Bill Keenan, Author & Retired Professional Ice Hockey Player, talks the transition from professional hockey to Wall Street. 

Anthony DiPaola, Bloomberg Middle East Energy Markets Reporter, updates us on the attacks on oil tankers in the Strait of Hormuz. Jason Gammel, Jefferies Energy Research Analyst, says both demand and supply concerns together are driving volatility in oil prices. Charles Kantor, Neuberger Berman Long Short Fund Senior Portfolio Manager, says the golden age for stock-picking is when factors drive underlying securities. Kathy Jones, Schwab Center for Financial Research Chief Fixed Income Strategist, says credit spreads remain narrow on expectations of Fed easing. And Bloomberg Businessweek Reporters, Max Abelson and Rebecca Greenfield, report parental leave is easier to get than to take for Wall Street dads.

Karen Leigh, Bloomberg China Government Editor, explains what sets the current protests in Hong Kong apart from previous demonstrations. Gideon Rose, Foreign Affairs Magazine Editor, says the trends in Hong Kong's autonomy are not going in the right direction. Spencer Dale, BP Group Chief Economist & Former BOE Official, says BP needs to shift from being an oil and gas company to an energy company. Paul Tudor Jones, Founder of Tudor Investment Corporation and Robin Hood Foundation, details the concept of 'just' company rankings and how those rankings translate into stock performance. And David Herro, Harris Associates CIO of International Equities, says if the instability in Hong Kong continues to lower pricing, there could be buying opportunities. 

Mona Mahajan, Allianz Global Investors U.S. Investment Strategist, says the idea of one or two rate cuts by year end is starting to make sense. Marc Chandler, Bannockburn Global Forex Chief Market Strategist, expects the Chinese renminbi to break through the 7.00 level within the next three months. Ben LaBolt, Obama 2012 Presidential Campaign Press Secretary, says Democrats need to attack the notion that immigration is affecting the average worker's job. Nick Heymann, William Blair Co-Group Head–Global Industrial Infrastructure, says Raytheon and United Tech are targeting an audience beyond institutional investors. 

Jason Furman, Former Council of Economics Chair, says issues with Mexico might be more important than the tensions with China. Julia Coronado, Macropolicy Perspectives President and Founder, says prime age participation in the labor force has room to grow. Jeff Rosenberg, BlackRock Financial Management Senior Portfolio Manager, says the ECB will have to continue to support the euro-area with perpetual negative interest rates. And Kevin Hassett, White House Council of Economic Advisers Chairman, says the President is set to weigh his options on Mexico tariffs. 

Today's episode begins with a conversation from Bloomberg TV with Antony Phillipson, British Consul General to New York, on the 75th Anniversary of D-Day. Following, Neil Shearing, Capital Economics Group Chief Economist, says that Mexico may fold to the U.S. in trade negotiations. George Will, "The Conservative Sensibility" Author, says conservatives are an orphan without a political party. Sonali Basak, Bloomberg Investment Banking Reporter, characterizes Wall Street's mood for the summer as "bored." Austan Goolsbee, Former White House Economic Adviser to President Obama, discusses the late Alan Krueger's book, "Rockonomics: A Backstage Tour of What the Music Industry Can Teach Us about Economics and Life."

David Page, AXA Investment Managers U.S. & U.K. Senior Economist, says there is a small risk of a Fed cut in two weeks. Stephanie Baker, Bloomberg News Senior Writer, updates us on trade negotiations between the U.S. and Mexico. Victoria Hewson, Institute of Economic Affairs Senior Counsel, International Trade and Competition Unit, says President Trump is using powers not related to day-to-day trade policy. Jim Caron, Fixed-Income Portfolio Manager at Morgan Stanley Investment Management, discusses his latest note, "What is the Rates Market Telling Us." And David Rubenstein, The Carlyle Group Co-Founder & Co-Executive Chairman, previews his upcoming episode of "Peer to Peer Conversations" with Melinda Gates.

Michael McKee, Bloomberg News International Economics & Policy Correspondent, sits down with two Federal Reserve Presidents. First, Robert Kaplan of the Dallas Fed says the yield curve reflects heightened trade tensions. And Charles Evans of the Chicago Fed says he is "a little bit nervous" about low inflation. Following, Simon Kennedy, Bloomberg News Executive Editor of Economics, says the center of gravity has moved towards a rate cut. And Yelena Shulyatyeva, Bloomberg Economics Senior U.S. Economist, says in the U.S. economy, key cyclical momentum is still there. 

Jenny Leonard, Bloomberg Trade Reporter, and David Merritt, Bloomberg Senior Executive Editor, discuss what a trade deal could look like between the U.S. and a post-EU U.K. Mike Ryan, UBS Wealth Management Chief Investment Strategist, says the notion of fixing the issues between U.S. and China in the coming months is a little naïve after decades in the making. Guy Johnson, Bloomberg TV & Radio Anchor, provides insight into the press conference with President Trump and Prime Minister May. Bob Diamond, Atlas Merchant Capital CEO, says the financial services community want Brexit certainty. 

Marvin Barth, Barclays Head of FX Strategy, believes that the dollar is ultimately the beneficiary of a volatile, global environment. Lorenzo Codogno, LSE Visiting Professor & Former Italian Treasury Chief Economist, says the government framework of Europe is still unfinished. Margaret Talev, Bloomberg White House Correspondent, discusses President Trump's tweets on London Mayor Sadiq Khan this morning. And Diane Swonk, Grant Thornton Chief Economist, thinks the President's tariffs on Mexico also have to do with immigration at the border. 

Eric Farnsworth, Council of Americas Vice President, says the U.S. is going down a path that requires Mexico to react negatively. Laura Rosner, Macropolicy Perspectives Senior Economist, expects inflation to revert back to 2% over the next 6-12 months. Henrietta Treyz, Veda Partners Director of Economic Policy, recommends stacking up on avocados, in case the U.S. increases tariffs on Mexico. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, advises to buy utility stocks today because they have "relative immunity" to trade war fears.

In conversation with Bloomberg Surveillance and The Open's Jonathan Ferro, PIMCO CEO and CIO present their bearish view of corporate credit and what they expect when it comes to volatility and long term returns. 

Chris Rupkey, MUFG Union Bank Chief Financial Economist, previews Fed Vice Chair Clarida's speech, saying it's the Fed versus the markets right now. Joel Levington, Bloomberg Intelligence Director of Credit Research, reacts to PIMCO's Scott Mather's call that this is "probably the riskiest credit market ever." Meredith Sumpter, Eurasia Group Head of Research & Strategy Operations, says the U.S. restrictions on Huawei caught Beijing by surprise. And Democratic presidential candidate Gov. Steve Bullock (D-Montana) tells us he's the best candidate to win in Trump country. 

James Sweeney, Credit Suisse Chief Economist & Americas CIO, sees big risks in the U.S. manufacturing sector. Jerome Schneider, PIMCO MD & Head of Short Term Portfolio Management, says the movement in rates seems to indicate that a recessionary environment is on the rise. Beth Maclean, PIMCO EVP Portfolio Manager, offers investment advice for high risk environments. Hugo Rogers, Deltec CIO, thinks China is in a weaker position than the U.S. in the trade war.

Carl Weinberg, High Frequency Economics Chief Economist, doesn't expect any agreement between the U.S. and China. Jacob Kirkegaard Peterson Institute for International Economics Senior Fellow, thinks a second Brexit referendum is "on the table." Lindsey Piegza, Stifel Chief Economist, says consumer spending is not matching consumer confidence. Brian Kelly, The Points Guy, shares tips for finding cheap flights to Europe.

Rich Greenfield, BTIG Managing Director & TMT Analyst, says SNAP is their single best buy on the long side. Walter Piecyk, BTIG Managing Director & TMT Analyst, says Sprint and T-Mobile want Trump to see the deal as a way to beat China to 5G. Craig Moffet, MoffettNathanson Senior Research Analyst, discusses cable video losses. 

Steve Wieting, Citi Private Bank Global Chief Investment Strategist, says he has no doubt the American economy will continue to grow throughout the year. Anna Edwards, Bloomberg TV & Radio Anchor, says bringing together the Conservative will be the first challenge for their next leader. Gabriela Santos, JPMorgan Asset Management Global Market Strategist, thinks that structurally, 10% of portfolios should be EM. 

Chris Marangi, Gabelli Funds Co-Chief Investment Officer, advises to be more cautious with companies that have exposure in China. Sonia Meskin, Standard Chartered U.S. Economist, says this Fed understands the interconnectedness of the U.S. and global economy. Gene Munster, Loup Ventures Co-Founder, says Tesla's demand is unknown in the near term. Don Gimbel, Sr. VP and Investment Professional for CIBC Private Wealth Management, says the U.S. will survive the trade war. 

Marty Markowitz had his share of problems. His parents had recently died. He had troubles at work. A failing relationship. He needed someone to help him through this rough patch in his life. So he decided to get some professional help from a psychiatrist. What he did not count on, was what happened in his life over the next twenty-nine years. This is a story about power, control, and turning to the wrong person for help.  Listen now at bloomberg.com/shrinknextdoor

Daragh Maher, HSBC Securities US Head of FX Strategy, says outside of the U.S., there's no appetite for fiscal stimulus. Kathy Jones, Schwab Center For Financial Research Chief Fixed Income Strategist, expects inflation to stay “pretty stable even with tariffs.” Alberto Gallo, Algebris Investments Portfolio Manager, says Europe has disappeared from the map of many investors. Therese Raphael, Bloomberg Opinion Columnist, says governing a minority government has been the main reason she can’t get her deal passed. Kevin Cirilli, Bloomberg Washington Correspondent, says Democrats will continue pushing for Trump's tax records to be released. 

Troy Gayeski, Skybridge Capital Co-CIO, says as the trade war escalates, the probability of a rate hike decreases. David Kelly, JPMorgan Asset Management Global Market Strategist, says we are almost at a bipolar world in terms of economic spheres of influence. Bob Diamond, Atlas Merchant Capital CEO, says Deutsche Bank lacks a strong domestic retail business. Seema Shah, Bloomberg Intelligence Senior Consumer Analyst, says its an unknown for Home Depot if they will be impacted by tariffs. 

Jonathan Golub, Credit Suisse Chief US Equity Strategist, says the likelihood of a recession is very low. Sonali Basak, Bloomberg Investment Banking Reporter, discusses the possibility of a leadership change at Deutsche Bank. Bill Schneider, George Mason Professor & Author, "Standoff: How America Became Ungovernable", thinks Joe Biden's candidacy represents a return to normal. Raphael Bostic, Federal Reserve Bank of Atlanta President, does not see a rate cut this year. 

Shahab Jalinoos, Credit Suisse Head of FX and Macro Trading Strategy, sees a permanent dollar shortage in China. Miranda Carr, Haitong International China Macro Strategist, thinks China is overconfident about how little tariffs impact their economy. Kate Bedingfield, Biden Deputy Campaign Manager, discusses Joe Biden's middle class roots. Bob Michele, JPMorgan Asset Management Global CIO and Head of Global Fixed Income, notes the amount of money in money market funds is the highest since the financial crisis. Amy Myers Jaffe, CFR Senior Fellow for Energy & the Environment and Director of the Program on Energy Security & Climate Change, says the oil market is too relaxed for the current level of risk.

Ann Cairns, Mastercard Vice Chair, says it's important to introduce girls to STEM careers. Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says a trade war is not inflationary. Joe Feldman, Telsey Senior Research Analyst, says Walmart is less exposed than other retailers to tensions with China. Paul Donovan, UBS Global Chief Economist, thinks the slowdown in 2018 was somewhat caused by trade tensions. Gabriel Felbermayr, Kiel Institute for the World Economy President, posits that, although a "tariff pass-through"takes time to occur, a full pass-through to the American consumers would be highly unusual. 

Chetan Ahya, Morgan Stanley Chief Economist & Global Head of Economics, thinks trade tensions were the cause of China's slowdown. David Kostin, Goldman Sachs Chief U.S. Equity Strategist, expects modest earnings growth in 2019. Emma Ross-Thomas, Bloomberg Brexit Editor, brings us a Brexit update. Mike Spence, NYU Professor, says it's confusing what the U.S. and China really want. 

Catherine Mann, Citigroup Global Chief Economist, says closing the door to trade doesn't enhance an economy. Jens Nordvig, Exante Data Founder & CEO, analyzes the trade dispute's impact on the renminbi. Mark Lehmann, JMP Securities President, says China has more to lose than the U.S. and Dana Telsey, Telsey Advisory Group CEO & Chief Research Officer, discusses actions taken by retailers to alleviate the impact of tariffs. 

Michael Purves, Weeden Chief Global Strategist, says credit spreads have yet to back up. Stephen Roach, Yale Professor, Former Morgan Stanley Asia Chairman and Author of "Unbalanced: The Codependency of America and China", says tariffs are attacks on importers and the U.S. is the importer. Keyu Jin, London School of Economics & Political Science Professor, thinks U.S. tariffs have caused a surge of nationalism in China. Ted Alden, CFR Senior Fellow, Author of "Failure to Adjust: How Americans Got Left Behind in the Global Economy", says Trump's complaints about China are legitimate but his tactics aren't. 

Liz Ann Sonders, Charles Schwab Chief Investment Strategist, says the burden of tariffs will fall on U.S. consumers. David Kirkpatrick, Techonomy Media CEO & Founder, says Uber will have to rise prices soon. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says the Fed is keeping a close eye on inflation. Devin McDermott, Morgan Stanley Executive Director and Head of North American Exploration & Production and Integrated Oil Research, sees nice opportunities for synergies at Anadarko. David Woo, Bank of America Merrill Lynch Head of Global Rates & FX Strategy, thinks different markets priced in different probabilities of a U.S.-China deal. 

Peter Hooper, Deutsche Bank Global Head of Economic Research, thinks it's unlikely that China or the U.S. will back off. Henrietta Treyz, Veda Partners Managing Partner & Director of Economic Policy Research, says being against China is "extraordinarily popular" in the U.S. Steve Ricchiuto, Mizuho Securities Chief Economist & Managing Director, says trade deals never solve trade deficit problems. Haran Segram, NYU Stern Professor, says it's not advisable to compare Uber with Amazon or Facebook for its valuation.

Mary Lovely, Peterson Institute Senior Fellow & Syracuse University Professor, says U.S. businesses are negatively impacted by the tariffs imposed on China. David Rosenberg, Gluskin Sheff Chief Economist & Strategist, says there's way too much risk in the market. Priya Misra, TD Securities Head of Global Interest-Rates Strategy, doesn't foresee a recession in the data. Golnar Motevalli, Bloomberg Iran Reporter, says the U.S. and Europe are on different sides when negotiating with Iran. 

Willem Buiter, Citi Special Economic Adviser, says the full package of sanctions on China would be in nobody's interest. Meredith Sumpter, Eurasia Group Head of Research Strategy and Operations, expects onward tariffs and confrontation after a U.S.-China deal. Diane Swonk, Grant Thornton Chief Economist, sees chances of a recession in 2020. Admiral James Stavridis, Bloomberg Opinion Columnist, Carlyle Group Advisor & Former Supreme Allied Commander at NATO, says when studying European history, he learned nobody wins a trade war. 

Tony Dwyer, Canaccord Genuity Chief Market Strategist, thinks it's impossible to make an investment decision off of a tweet. Elaine Kamarck, Brookings Center For Effective Public Management Director, discusses Trump's negotiating tactics with China. Margie Patel, Wells Fargo Asset Management Senior Portfolio Manager, says the outlook for equity markets is still pretty positive. And Doug Kass, Seabreeze Partners President, analyzes Amazon's challenges. 

Alan Ruskin, Deutsche Bank Chief International Strategist, offers insights on output gap measurements. Jeffrey Sachs, Columbia University Economics Professor, says professionalism is key in the Fed. Ellen Zentner, Morgan Stanley Chief U.S. Economist, thinks it's a relief that Stephen Moore's nomination was pulled. Jeff Rosenberg, BlackRock’s Systematic Fixed Income Team Senior Portfolio Manager, says today's jobs data continues a sequence of strong reports. Ken Langone, Author of "I Love Capitalism" & Home Depot Co-Founder, says capitalism can be brutal but it works. 

Steven Englander, Standard Chartered Bank Global Head of FX, says the Fed's inflation forecast record isn't brilliant. Jerome Schneider, PIMCO Head of Short-Term Portfolio Management, expects the next Fed move to be higher in rates. Danny Blanchflower, Dartmouth Professor & Former BOE Monetary Policy Committee Member, says there's still quite a long way to full employment. Sarah House, Wells Fargo Securities Senior Economist, expects a slowdown in the labor market. 

Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, believes we will avoid an earnings recession this year. Dan Ives, Wedbush Securities Managing Director, says Apple will make new highs over the coming months. Shannon O'Neil, CFR Senior Fellow for Latin American Studies, highlights that the military is not fully under Maduro's control. Randy Kroszner, Univ. of Chicago Professor & Former Fed Governor, says the Fed being under political pressure is nothing new. 

Joe Quinlan, Head of CIO Market Strategy for Merrill and Bank of America Private Bank, sees signs of hope in European eco. Maryhen Jimenez Morales, Oxford University Politics Lecturer, says 90% of Venezuelans want a peaceful regime change. Alex Conant, Former Marco Rubio Presidential Campaign Communications Director, says the political unrest in Venezuela is destabilizing for the region. Brooke Sutherland, Bloomberg Opinion Columnist, brings us an update on GE. Michael Purves, Weeden & Co-Chief Global Strategist, says that solid (but not spectacular) earnings and GDP growth have become the new normal. 

Marc Chandler, Bannockburn Global Foreign Exchange Chief Market Strategist & Managing Partner, says the U.S. is still the driest towel in the global economy. Catherine Yeung, Fidelity Investment Director, says the Belt and Road Initiative aims at increasing China's soft power. Alastair Newton, Alavan Business Advisory Director, says the Spanish populist party is eurosceptic but not anti-European. Dr. Peter Hotez, Dean of the National School of Tropical Medicine at Baylor College of Medicine, discusses the anti-vaccine movement and measles. Craig Moffett, MoffettNathanson Senior Research Analyst, says no one else can follow Disney's strategy because no one else has the advantages of being Disney. 

Lisa Shalett, Morgan Stanley Wealth Management CIO, says the last decade has been "a magical time" for companies to raise capital. George Bory, Wells Fargo Head of Fixed Income Research, says there's a real conundrum in the bond market. Eileen Burbidge, Passion Capital Partner, says Twitter's success will depend on their ability to control abusive behavior on their platform. Megan Greene, Manulife Asset Management Global Chief Economist, thinks GDP data are not as positive as the headline might suggest. 

Matt Miller, Bloomberg TV & Radio Anchor, says most German politicians were against the Deutsche Bank-Commerzbank merger. Jonathan Tyce, Bloomberg Intelligence Senior European Banks Analyst, thinks it makes sense to consolidate small domestic banks. Vishy Tirupattur, Morgan Stanley Head of Fixed Income Research & Director of Quantitative Research, says dollar strength is unsustainable. Greg Valliere, AGF Investments Chief U.S. Policy Strategist, says Joe Biden will be the centrist of the 2020 race. Shira Ovide, Bloomberg Opinion Columnist, thinks Facebook still has many privacy challenges ahead. And Scott Galloway, Leonard Stern School of Business Marketing Professor, discusses the tech earnings bonanza. 

Marcus Ashworth, Bloomberg Opinion Columnist, says the Fed is absolutely on hold. Joseph Stiglitz, Nobel Laureate and Author of "People, Power and Profits," says the government has a role in progressive capitalism. Julia Coronado, MacroPolicy Perspectives President & Founder, says it's not all sunshine and roses in corporate earnings. Paul Sankey, Mizuho Securities Oil & Gas Analyst and Managing Director, offers his insights on Occidental's purchase of Anadarko. Paul Smith, CFA Institute President & CEO, says we need to reattach finance to a sense of purpose. 

Jose Rasco, HSBC Chief Investment Strategist at HSBC Private Bank Americas, expects the Fed to remain on hold this year. Jan Hatzius, Goldman Sachs Chief Economist & Head of Global Economics and Markets Research, doesn't think inflation is dead. Dan Tannebaum, PwC United States Principal and Global Sanctions Leader, thinks it's unlikely that Iran closes the Strait of Hormuz. Lindsey Piegza, Stifel Chief Economist, predicts negative economic growth in 2020. 

Chris Rupkey, MUFG Union Bank Chief Financial Economist, says the U.S. economy is strong. Todd Mariano, Eurasia Group U.S. Director, discusses next steps in the Mueller investigation. Liz Young, BNY Mellon Investment Management Director of Market Strategy, expects earnings and U.S. growth to be heavier in the end of the year. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, argues that in labor force terms, unemployment claims are at all time lows.

Taylor Riggs, Bloomberg News Reporter, discusses JPMorgan's succession plans. Michael Shaoul, Marketfield Asset Management Chairman, Portfolio Manager & CEO, doesn't think the Mueller report will have an impact on trade talks. Gideon Rose, Foreign Affairs Magazine Editor and Peter G. Peterson Chair, says Trump's foreign policy isn't sustainable or effective. Greg Valliere, AGF Investments Chief U.S. Policy Strategist, says the justice department is a highly politicized agency.

Anand Srinivasan, Senior Semiconductor and Hardware Analyst for Bloomberg Intelligence, on the Qualcomm-Apple settlement and what it means for chip stocks. Doug Duncan, Chief Economist at Fannie Mae, on the spring buying season, outlook for mortgage rates, and consumer attitudes on housing. Tuna Amobi, CFRA Research’s media and entertainment analyst, on Netflix and big media earnings. Jitendra Waral, Senior Analyst: Internet & Consumer Products for Bloomberg Intelligence, on Pinterest's IPO.

Yalman Onaran, Bloomberg Senior Writer, analyzes Morgan Stanley's earnings report. Gerry Fowler, Aberdeen Standard Investments Multi-Asset Strategist, says Europe is the Catch-up trade. Simon Johnson, MIT Sloan School of Management Global Economics Professor, highlights the need of spreading opportunities out of the coastal cities. Geetha Ranganathan, Bloomberg Intelligence Analyst of Media, thinks Netflix results show fairly significant pricing power. Libby Cantrill, PIMCO Head of Public Policy, doesn't expect to see a Democratic nominee until late spring or summer. 

Mona Mahajan, Allianz Global Investors U.S. Investment Strategist, says banks doesn't thrive in a flattening yield curve environment. Gerard Cassidy, RBC Capital Markets Head of U.S. Bank Equity Strategy and Large Cap Bank Analyst, thinks that technology will complement, not substitute the human component on the banking sector. Geetha Ranganathan, Bloomberg Intelligence Media Analyst, predicts Netflix and Disney will emerge as winners in the streaming sector. Matthew Luzzetti, Deutsche Bank Chief U.S. Economist, says 2% GDP growth is the new normal. Bloomberg's Bob Moon says Notre Dame has always managed to rise again. 

The mood in Paris today is somber after a fire ripped through the Notre Dame Cathedral. The iconic structure took more than 200 years to build and just a few hours to burn. It's rich with history, serving as a setting to crown kings and celebrate the liberation of Paris from the Nazis. As French authorities assess the damage and craft plans to rebuild the monument, Bloomberg's Tom Keene, Bob Moon and Annmarie Hordern reflect on the moment.

Ian Bremmer, Eurasia Group President, says Fed Chairman Powell is a "capable, qualified and independent" chief. Fred Cannon, KBW Global Director of Research, will focus on net interest margins during this bank earnings season. Sonali Basak, Bloomberg Banking Reporter, talks banking and IPOs. Diane Swonk, Grant Thorton Chief Economist, says the Federal Reserve Board hasn't always been as strong as it is now. 

Catherine Mann, Citi Global Chief Economist, and Lupin Rahman, PIMCO Head of EM Sovereign Credit, discuss China's latest economic data. Adam Posen, Peterson Institute President, says low interest rates in Europe are the scariest development in bond markets he has ever seen. Chris Whalen, RC Whalen Global Advisers, thinks JPMorgan is fairly valued. Adrienne Elrod, Democratic Strategist & Clinton 2016 Campaign Director of Strategic Communications, says Bernie Sanders is the front-runner for the Democratic presidential nomination.

Troy Gayeski, Skybridge Capital Partner & Senior Portfolio Management, sees a higher probability of a Fed cut than a hike. Betsy Graseck, Morgan Stanley Head of Banks & Diversified Finance Research, expects weak numbers in this banks earnings season. Bill Lee, Milken Institute Chief Economist, says that Europe is the last place he would invest. Stephen Moore, Heritage Foundation Distinguished Visiting Fellow, wants "openness and sunlight on the Fed" if he joined the board. Representative Debbie Dingell, Democrat from Michigan, points out the lack of a regulatory framework for autonomous vehicles in the U.S. 

Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, expects two Fed rate cuts and stocks to go higher in 2019. Shahab Jalinoos, Credit Suisse Head of FX and Macro Trading Strategy, thinks the Euro will move to the downside. Julia Coronado, Macropolicy Perspectives Founder, thinks markets were not expecting Draghi to deliver a lot-and he didn't. Mike Mayo, Wells Fargo Securities Senior Analyst, says it's time to increase the effectiveness of bank regulations. 

Drew Matus, Metlife Investment Management Chief Market Strategist, says it's very difficult to drive the U.S. into a recession from overseas. Henrietta Treyz, Veda Partners Director of Economic Policy, thinks protecting NAFTA is the main priority of the business community. Laura Rosner, Macropolicy Perspectives Senior Economist, says technology is keeping inflation muted. Martin Indyk, Council on Foreign Relations Distinguished Fellow & Former Ambassador to Israel, says whoever wins the Israeli elections will need a coalition with small parties to govern. Sarah McGregor, Bloomberg U.S. Economic Policy Team Leader, says the silver lining in the IMF report is that it highlights that things will potentially improve in the second half of next year. 

Vasileios Gkionakis, Banque Lombard Odier Global Head of FX Strategy, says the Fed has maintained its full independence. Jane Foley, Rabobank Head of FX Strategy, says the dollar is behaving as a safe heaven. Admiral James Stavridis, Former NATO Supreme Allied Commander Europe, says it's good value for the U.S. to stay in NATO. Roland Rudd, Finsbury Public Relations Founder and Chairman of Business for News, says recently, Parliament has reaffirmed its authority. 

Davide Serra, Algebris Investments CEO, says there are too many banks in Europe. Ebrahim Rahbari, Citi Global Head of FX Analysis, doesn't think this is a "dollar-sell" environment. Catherine Barnard, Cambridge University Professor, believes it would have been smart to have cross-party discussions since the Brexit referendum. Bob Michele, JP Morgan Chief Investment Officer, sees everyone scrambling for yield right now. 

Tom Keene and Francine Lacqua host from the Ambrosetti Spring Workshop in Cernobbio, Italy. In this episode, we feature our TV & Radio interviews with: Mohamed El-Erian, Allianz Chief Economic Adviser & Bloomberg Opinion Columnist, Laurence Boone, OECD Chief Economist, Nouriel Roubini, Roubini Macro Associates CEO, Jacob Frenkel, JPMorgan Chase International Chairman, Luigi Zingales, Chicago Booth School Professor, and Jim O'Neill, Chatham House Chair. 

Jim Glassman, JPMorgan Chase Commercial Banking Head Economist, does not think wage growth is translating into inflation. Mike Darda, MKM Partners Chief Economist & Macro Strategist, sees solid job growth without signs of overheating. Larry Kudlow, U.S. National Economic Council Director, says the U.S. economy is "really coming back." Tiffany Wilding, PIMCO U.S. Economist, highlights the improvements in labor market participation.

Joachim Fels, PIMCO Global Economic Advisor, says the yield curve predicts and also causes recessions. Derek Halpenny, MUFG European Head of Global Markets Research, says central banks have a significant appetite for the Euro. Kristina Hooper, Invesco Chief Global Market Strategist, considers it hyperbolic to say we are going into an earnings recession. Brian Deese, BlackRock Global Head of Sustainable Investing, talks climate change and risks to investors. 

Steven Major, HSBC Global Head of FI Research, thinks U.S. bonds look cheap globally.  Emma Ross-Thomas, Bloomberg Brexit Editor, updates us on Parliament's plans to avoid a no-deal Brexit. David Page, AXA Investment Managers Senior Economist U.S. & U.K., expects some euro appreciation. Jim Paulsen, The Leuthold Group Chief Investment Strategist, thinks this is a good environment for stocks. 

Lord Andrew Adonis, Former U.K. Secretary of State For Transport, speaks in favor of a second referendum. David Bloom, HSBC Global Head of FX Strategy, says the FX market has become very political. Bob Michele, JPMorgan Asset Management Global CIO & Head Of Global Fixed Income, thinks the Fed is holding rates for the next two years. Sarah House, Wells Fargo Senior Economist, foresees U.S. growth bouncing back in the coming months. And Matt Hornbach, Morgan Stanley Global Head of Interest Rate Strategy, says he's currently neutral on the bond market. 

Chris Verrone, Strategas Partner & Head of Technical Strategy, thinks sentiment is too extreme with the long bond call. Robert Shiller, Yale Professor, says he is not a buy and hold advocate. Catherine Barnard, Cambridge University Professor & 'The UK in a Changing Europe' Sr. Fellow, says there are parties within parties in U.K. Parliament. Logan D. Green and John Zimmer, Lyft Inc Co-Founders, see a shift from the car ownership to the sharing model. 

David Kelly, JPMorgan Asset Management Chief Global Strategist, says monetary policy tools are ineffective. Frances Donald, Manulife Asset Management Head of Macroeconomic Strategy, expects a recession in 2020. Jane Foley, Rabobank Head of FX Strategy, is cautious about EM. Max Nisen, Bloomberg Opinion Healthcare Columnist, says 20 million people would lose coverage if Obamacare is struck down.  

Luigi Zingales, University of Chicago Booth School Finance Professor, talks bank mergers and the benefits of being "too big to fail." Haran Segram, NYU Leonard N. Stern School of Business Professor, says Lyft investors are paying for the future instead of the current state of affairs of the company. Brooke Sutherland, Bloomberg Opinion Columnist, talks about the latest developments in the Boeing investigation. (Corrects to remove segment on Chatham Asset Management)

Ellen Zentner, Morgan Stanley Chief U.S. Economist, says commodity prices are too volatile a measure to use to judge the economy. Priya Misra, TD Securities Head of Global Rates Strategy, says interest rates have some room to raise. Maria Giese, Feature Film Director, Activist & TEDx Speaker, “The Battle for Women’s Voices in Entertainment Media," says equal employment laws in Hollywood lack enforcement. Paul Sankey, Mizuho Americas Oil & Gas Analyst & Managing Director, notes Saudi Arabia is discussing a price range for oil. Ida Liu, Citi Private Bank Senior Private Banker, says many of her clients are interested in gender lens investing. 

David Folkerts-Landau, Deutsche Bank Head of Research and Group Chief Economist, says Europe needs a unified banking system. Bloomberg's Anna Edwards discusses the U.K. Parliament's next steps. Jeff Currie, Goldman Sachs Global Head of Commodities Research, says there's slower demand for copper and other base metals in China. Kristina Hooper, Invesco Chief Global Market Strategist, expects global economic data to hold up. 

Tony Crescenzi, PIMCO Market Strategist & Portfolio Manager, says it's not improbable that interest rates will stay low until 2030. Robert Hormats, Kissinger Associates Vice-Chair, thinks U.S. political focus will shift following the release of the Mueller's report. Mary Lovely, Peterson Institute for International Economics Senior Fellow & Syracuse University Professor, discusses the pressures that Xi Jinping confronts domestically. Doug Thornell, Former DNC Senior Adviser, says Democrats should keep the focus on kitchen table issues. 

Greg Daco, Oxford Economics Chief U.S. Economist, doesn't see much momentum upward for yields going forward. Antony Phillipson, British Consul General for the U.S., says there's no more important trade partnership for the U.K. than the one it has with North America. Jenn Hyman, Rent The Runway CEO, says her company is more often linked with the sharing economy than retail. Margaret Brennan, CBS Face the Nation Host, expects the U.S. and China negotiations to focus on the details of goods trading rather than China's business practices. 

Henrietta Treyz, Veda Partners Director of Economic Policy, says although the business community want tariffs to end, D.C. politicians are comfortable with them. Ira Jersey, Bloomberg Chief U.S. Interest Rates Strategist, and Jeanna Smialek, Bloomberg Economy Reporter, highlight the Fed's cautiousness. Lindsey Piegza, Stifel Chief Economist, thinks the economy is shifting gears but it's at a very early stage. Francine Lacqua, Bloomberg Surveillance Anchor, updates us on Brexit talks from Brussels at the European Leaders Summit. 

Kate Moore, BlackRock Investment Institute Chief Equity Strategist, says the opportunity in equities is on quality. Carl Riccadonna, Bloomberg Economics Chief U.S. Economist, and Michael McKee, Bloomberg International Economics & Policy Correspondent, share their expectations for today's Fed meeting. Theresa Kong, Matthews Asia Head of Fixed Income & Portfolio Manager, says Chinese defaults will slowly increase but they are a necessary evil. Therese Raphael, Bloomberg Opinion Columnist, says the option of a no-deal Brexit is still on the table at the end of June. 

Remembering Princeton University's Alan Krueger with Dartmouth Professor of Economics Danny Blanchflower, Bloomberg International Economics & Policy Correspondent Michael McKee, University of Michigan Associate Professor for Public Policy & Former U.S. Department of Labor Chief Economist Betsey Stevenson, and Bloomberg Businessweek Economics Editor Peter Coy.

Jerome Schneider, PIMCO Head of Short-Term Bond Portfolios, says investors must calibrate expectations taking into account higher volatility. Brian Wieser, GroupM Global President of Business Intelligence, talks the future of the ad industry. Vasant Dhar, NYU Stern Professor, explains why this AI cycle is different. Viviana Hurtado, Bloomberg Reporter, details exciting new developments from New York City's new Hudson Yards. Barry Strauss, Cornell Professor of History, discusses his book "Ten Caesars" on the Ides of March. 

Steve Eisman, Neuberger Berman Senior Portfolio Manager, discusses his three U.K. bank shorts. Patricia Mosser, Columbia University Economic Policy Management Program Director, says China and Europe are slowing the U.S. Jamie Dimon, JPMorgan Chairman and CEO, says trade imbalances could cause a financial recession. David Rubenstein, The Carlyle Group Co-Founder & Co-Executive Chairman, says there's no evidence that going to elite schools will make children do better in life. Ambassador William J. Burns, Carnegie Endowment for International Peace President, discusses his new book "The Back Channel: A Memoir of American Diplomacy and the Case for Its Renewal." 

Raghuram Rajan, Former RBI Governor and University of Chicago Booth School of Business, says the college admissions scandal is a "blow to the system". Brian Levitt, OppenheimerFunds Senior Investment Strategist, says he is starting to see stabilization in Chinese growth. Krishna Memani, OppenheimerFunds CIO, says EM investing is about companies rather than geographies. Laura Francis, Bloomberg Law Senior Legal Editor, says it's highly unlikely that the budget bill passes Congress. Christina Boris, OppenheimerFunds Client Research Head, says most of their clients are focused on long term investment. 

Dave McKay, RBC President & CEO, says the company is open to "tactical" acquisitions. Howard Ward, Gabelli Funds CIO of Growth Equities, believes that orders of the Boeing 737 MAX 8 will remain intact.  Lindsey Piegza, Stifel Chief Economist, says wage growth came too little and too late. Christopher Jasper, Bloomberg European Transportation Deputy Team Leader, explains the differences between the Boeing 737 MAX 8 and previous models.

Carl Weinberg, High Frequency Economics Chief Economist, doesn't think the trade spat is directly behind China's slow economic growth. Nick Lardy, Peterson Institute for International Economics Senior Fellow, highlights that consumption is now the major source of growth in China. Chris Bryant, Bloomberg Opinion Columnist, says it's unclear if the cause of the Ethiopian crash was a Boeing design flaw. Henrietta Treyz, Veda Partners Director of Economic Policy, doubts that fair trade will be negotiated between the U.S. and China.  

Lawrence Kudlow, White House National Economic Council Director, joins Jonathan Ferro to discuss this month's surprising jobs report. 

To celebrate International Women's Day, Bloomberg Surveillance brings you top voices in the worlds of finance, economics and international affairs. Mona Mahajan, Allianz Global Investors Director & U.S. Investment Strategist, says at some point, Europe could become interesting from a dividend perspective. Kathy Jones, Schwab Center for Financial Research Chief Fixed Income Strategist, expects 10-year Treasury yields to go below 2.5%. Julia Coronado, MacroPolicy Perspectives President & Founder, says service sector dynamics can be resilient in the next global slowdown. Abby Joseph Cohen, Goldman Sachs Advisory Director & Senior Investment Strategist, says women remain "dramatically underrepresented" in universities. And Elaine Kamarck, Brookings Senior Fellow, discusses candidates in the presidential race. 

David Rosenberg, Gluskin Scheff Chief Economist & Strategist, says the EU needs a weaker euro to stimulate the manufacturing sector. Bill Lee, Milken Chief Economist, says global equity markets would crash if President Trump walked away from a deal with China. David Owen, Jefferies International Chief European Financial Economist, talks the challenges of the "large and fragmented" EU banking sector. Louise Yamada, Louise Yamada Technical Research Advisors, feels more constructive about gold.

Vince Cable, U.K. Liberal Democrat Party Leader, says India will overtake China. Alan Ruskin, Deutsche Bank Global Co-Head of FX Strategy, says the ECB has its hands tied.  William Dudley, Princeton Senior Research Scholar & Former Federal Reserve Bank Of New York President, thinks Fed tightening might be on the table in the second half of 2019. Sarah House, Wells Fargo Securities Senior Economist, notes financial conditions are the easiest since last October. Saleha Mohsin, Bloomberg U.S. Treasury Department Reporter, says markets and China want a deescalation of tariffs. 

Elizabeth Economy, CFR Senior Fellow & Director for Asia Studies, says there's a sense of political malaise in China. David Ingles, Bloomberg Markets Reporter, joins us from Beijing to report on China's lowering of its growth target. Marianne Petsing-Schneider, Chatham House U.S. Geo-Economics Fellow for U.S. and the Americas Programme, says the U.S. is now in a stronger negotiating position for trade talks with China. Daniel Katzive, BNP Head of FX Strategy North America, says the renminbi is increasingly more market determined. Steve Wieting, Global Chief Investment Strategist, discusses China's moves to reinvigorate its economy. 

Russ Koesterich, BlackRock Global Allocation Team Portfolio Manager, is concerned about companies with business models dependent on a growing economy. Liz Young, BNY Mellon Investment Management Director of Market Strategy, thinks we have overdone this rally "a little bit." Liz McCormick, Bloomberg News FX & Bonds Reporter, discusses modern monetary theory. Marc Chandler, Bannockburn Global Forex Chief Market Strategist & Managing Partner, says Europe remains the weak sister. Haran Segram, NYU Leonard N. Stern School of Business Professor, breaks down how he valuates a tech company. 

Willam Dudley, Former Federal Reserve Bank of New York President, thinks the Fed is probably not done yet with hiking. Priya Misra, TD Securities Head of Global Interest-Rates Strategy, recommends to keep duration risk light. Shira Ovide, Bloomberg Opinion Columnist, doesn't think there is a do-over in Amazon coming to New York City. Bill Gross, Janus Capital Management Fund Manager, tells Bloomberg's Erik Schatzker how having Asperger's syndrome has helped him in his career. 

Kevin Cirilli, Bloomberg TV & Radio Chief Washington Correspondent, brings us an update from Hanoi. Chris Grisanti, Grisanti Capital Management CEO, says for growth, China needs stimulus and a trade deal. Lisa Collins, Center for Strategic & International Studies Fellow, highlights the challenges ahead for Kim Jong Un as he aims to open up his country. Katherine Moon, Wellesley College Professor of Political Science & Brookings Institution Nonresident Senior Fellow, thinks the Hanoi summit was not a failure but it was constructive. And Alejandro Werner, IMF Monetary Fund Director of the Western Hemisphere Department, updates us on the economic situation in Venezuela. ------

Todd Mariano, Eurasia Group U.S. Director, and Shahab Jalinoos, Credit Suisse Head of FX & Macro Trading Strategy, discuss their expectations for the Trump and Kim summit. Iain Marlow, Bloomberg South Asia Government Reporter, says India is unlikely to engage in talks with Pakistan. Carl Riccadonna, Bloomberg Economics Chief U.S. Economist, and Jeanna Smialek, Bloomberg Fed Reporter, update us on what to look for in Powell's second day of testimony. James Stavridis, Bloomberg Opinion Columnist, Carlyle Group Advisor & Former Supreme Allied Commander at NATO, says the chances of Kim Jong Un giving up his nuclear weapons are equal to [as slim as] Mexico paying for the wall. And June Grasso, Bloomberg Radio Host, says "fasten your seat belts" for Michael Cohen's hearing today. 

Raghuram Rajan, Author of "The Third Pillar" and Former Reserve Bank of India Governor, advocates for pushing decision making back to the local level. Julian Emanuel, BTIG Chief Equity and Derivatives Strategist, wants a break in the rally because we could get a performance chase. Diane Swonk, Grant Thorton Chief Economist, says there is a blind faith in China's ability to provide growth and command. Taylor Riggs, Bloomberg News Reporter, brings us an update from the JPMorgan Investor Day. 

Greg Boutle, BNP Paribas U.S. Head of Equity and Derivative Strategy, explains the confluence of factors that could lead EM to outperform DM. Karen Ubelhart, Bloomberg Intelligence Industrials Analyst, says selling Danaher solves a big chunk of GE's debt problem. Julia Coronado, Macropolicy Perspectives President & Founder, expects another flattening of the dot plot in the March Fed's meeting. Jean Case, "Be Fearless" Author, talks the role of failure in success stories. 

Marty Feldstein, Harvard University Professor of Economics, says China is focused on trade deficits to divert from trade theft. Tara LaChapelle, Bloomberg Opinion Columnist, blames Kraft Heinz's fall on the company's short-sighted strategy. Kathy Jones, Schwab Center for Financial Research Chief Fixed Income Strategist, says we're still not clear about what the Fed is doing. Anne Mathias, Vanguard Group Senior Strategist of Global Rates & FX, says trade disputes are a proxy for worries about global growth. Dana Telsey, Telsey Advisory Group CEO, Founder & Chief Research Officer, says next week, investors will focus on inventory levels at department stores. 

Carl Weinberg, High Frequency Economics Chief Economist, says Chinese numbers are more stable than ours [in the U.S.]. John Micklethwait, Bloomberg Editor-in-Chief, discusses his latest piece on the end of the Anglosphere, the global influence of the U.S. and Britain. Dennis Gartman, The Gartman Letter Editor, says we are still in a bull market. Lori Calvasina, RBC Head of U.S. Equity Strategy, thinks there is still "a little bit of room" in equity markets. 

Andreas Utermann, Allianz Global Investors CEO, and David Herro, Harris Associates CIO of International Equities, debate active and passive investment. Philippe Reines, Former Hillary Clinton Adviser, says Republicans are now less focused on social values and more on economics. Mark Connors, Credit Suisse Managing Director and Global Head of Portfolio & Risk Advisory, discusses upcoming challenges for hedge funds. Kate Warne, Edward Jones Investment Strategist, sees more investment opportunities outside of the U.S. 

Ruchir Sharma, Morgan Stanley Investment Management Chief Global Strategist & "Democracy on the Road" Author, discusses India's sociopolitical landscape. David Kelly, JPMorgan Asset Management Chief Global Strategist, says "nothing in the world" is as cheap as European stocks in terms of risk assets. Kevin Cirilli, Bloomberg's Chief Washington Correspondent, thinks Bernie Sanders is front runner for the 2020 election. Sarah Halzack, Bloomberg Opinion Columnist, remembers Chanel's Karl Lagerfeld as a "taste maker." Jim Suva, Citi Managing Director, joins us to talk tech. 

Gabriela Santos, JPM Asset Management Global Market Strategist, doesn't think the EM story is overplayed. Bipan Rai, CIBC Head of North American Foreign-Exchange Strategy, thinks the dollar is overvalued 12% to 15%. Isaac Boltansky, Compass Point Director of Policy Research, highlights that both China and the U.S. are incentivized to continue negotiations. Amaka Anku, Eurasia Group Practice Head of Africa, says no candidate in the Nigerian elections is tackling the problem of revenue generation. 

David Herro, Harris Associates CIO of International Equities, highlights the importance of patience in investing, especially in periods like last year when certain sectors got highly devalued. He also discusses the merger of Deutsche Bank and Commerzbank and how he expects this to help European banks from a price perspective.

Chris Marangi, Gabelli Funds Co-Chief Investment Officer, says growth will be quite muted in 2019. Carolynn Look, Bloomberg Economy & ECB Reporter, says fundamentals are still strong in Europe. Matt Freund, Calamos Advisors Head of Fixed Income Strategies & Co-CIO, says it is not just one bond market but a market of bonds. Mona Mahajan, Allianz U.S. Investment Strategist, says the December pullback had to do with U.S. recession fears. 

Willem Buiter, Citi Special Economic Adviser, says the trade relationship between the U.S. and China is part of a wider new Cold War. George Goncalves, Nomura Securities Managing Director & Head of Americas Fixed Income Strategy, thinks the bond market is nervous about a downturn. Laura Davison, Bloomberg Tax Reporter, says only Democrats in the North East are addressing the new limit on federal deductions for state and local tax payments. Liz Ann Sonders, Charles Schwab Chief Investment Strategist, sees a greater risk of an earnings recession than an economic recession. 

Marilyn Watson, BlackRock Head of Global Fundamental Fixed Income Strategy, and Edmund Shing, BNP Paribas Global Head of Equity & Derivatives Strategy, discuss dollar strength. Bill Lee, Milken Institute Chief Economist, says economic dynamism lessens social problems. Gideon Rose, Foreign Affairs Magazine Editor, says social democracy is the price of avoiding socialism. Austan Goolsbee, University of Chicago's Booth School of Business Robert P. Gwinn Professor of Economics, reflects on U.S.-China relations. 

Angel Gurria, OECD Secretary General, says he is not predicting a recession. Catherine Mann, Citi Research Global Chief Economist, says even the U.S. cannot escape the global slowdown. Gary Shilling, A. Gary Shilling President, says strong economic growth brings income polarization. Miranda Carr, Haitong International China Macro Strategist, says nobody is expecting a final deal between the U.S. and China by March 1. 

David Bailin, Citi Private Bank Global Head of Investments, says bond guys tend to have it right. Greg Valliere, Horizon Investments Chief Global Strategist, thinks the Republicans are less divided than the Democrats. David Stubbs, JPMorgan Global Market Strategist, says the U.S. economy will slow significantly in 2020. Margaret Brennan, Face the Nation Host, says President Trump remains very confident on his convictions despite being embattled. 

Adam Posen, Peterson Institute for International Economics President, says the BOE's Monetary Policy Committee members have much more independence than the members of the FOMC. Danny Blanchflower, Dartmouth College Professor of Economics, says it is tough days to be a forecaster at the BOE's MPC. David Malpass, World Bank President Nominee, is optimistic that more progress can be made on extreme poverty. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says fair value for the S&P is still a big higher than current levels. 

Kevin Cirilli, Bloomberg News Chief Washington TV & Radio Correspondent, shares his takeaways from Pres. Trump's second State of the Union address. Rep. Chuck Fleischmann (R-Tennessee), says Trump is exceedingly popular in his district. James Stavridis, Former NATO Supreme Allied Commander & Bloomberg Opinion Columnist, discusses U.S. foreign policy under the current administration. Julia Coronado, Macropolicy Perspectives President & Founder, brings us an update on U.S. markets and the Fed. Cheryl Bolen, Bloomberg Government White House Reporter, says Stacey Abrams discussed many of the same themes as the SOTU in her Democratic response. 

Gene Frieda, PIMCO Global Strategist, and Therese Raphael, Bloomberg Opinion Columnist, discuss why markets don't price in the scenario of a no-Brexit. Richard Haass, Council on Foreign Relations President, says Trump has remade the Republican party. Brian Jacobsen, Wells Capital Management Chief Portfolio Strategist, says one of the cardinal rules of successful investment is diversification and patience. Doug Kass, Seabreeze Partners President, expects the spend line of Disney to ramp up, causing the share price to stumble. 

In an exclusive interview with Tom Keene, Bill Gross announces his retirement and reveals his plans for the future. 

Bruce Kasman, JPMorgan Chief Economist & Managing Director of Global, notes that the Fed seems to be in an extended pause. Jonathan Golub, Credit Suisse Securities Chief U.S. Equity Strategist, doesn't see the U.S. going into recession. Margaret Brennan, Face the Nation Host, previews her interview with President Trump. Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says price momentum makes people feel more bullish. 

Charles Kantor, Neuberger Berman Long Short Fund Senior Portfolio Manager, says there's not a lot of inflation in the Fed data due to the impact of technology and globalization. Mary Lovely, Peterson Institute Senior Fellow, emphasizes that there is a will to get something done between the U.S. and China. Rich Greenfield, BTIG Technology, Media & Telecom Analyst, believes that Instagram will be a bigger business than Facebook in totality long-term. Chuck Leavell, Musician and Mother Nature Network Co-Founder, shares his experience working with music legends. 

Anna Edwards, Bloomberg News Anchor, gives us an update on Brexit negotiations. Stephen Stanley, Amherst Pierpont Chief Economist, says markets are still talking about recession. Randy Kroszner, University of Chicago Professor & Former Fed Governor, discusses whether the tight labor market could lead to inflation. Deborah Lehr, Paulson Institute Vice Chairman, expects some kind of framework trade deal between the U.S. and China. Al Broaddus, Former Federal Reserve Bank of Richmond President, says Former Fed officials Ben Bernanke and Janet Yellen did a great job handling the 2008 financial crisis. 

Troy Gayeski, SkyBridge Capital Partner, says the U.S. economy is the most isolated from other markets. Jeff Currie, Goldman Sachs Head of Commodities Research, favors oil out of the cyclical commodities. Will Power, Baird Senior Research Analyst, says Apple can capitalize on the 1.4 billion active devices they have globally. Julia Coronado, President & Founder of Macropolicy Perspectives, says she will focus on balance sheet comments in tomorrow's Fed meeting. And Admiral James Stavridis, Former NATO Supreme Allied Commander Europe, says Brexit is bad news for NATO. 

Tony Dwyer, Canaccord Genuity Chief Market Strategist, is more focused on the Fed than on trade tensions. Stewart Patrick, Council on Foreign Relations Senior Fellow, doesn't see a new global hegemon on the horizon. Diane Swonk, Grant Thornton Chief Economist, expects data to confirm that in the fourth quarter, we were in solid footing. Dean Curnutt, Macro Risk Advisors CEO, says current volatility comes from a mix of both micro and macro trends. 

Marty Schenker, Bloomberg Chief Content Officer, says the indictment of Roger Stone is not related to the crime but the cover-up. Maxim Oreshkin, Russia's Economy Minister, says oil is not a story for Russia anymore. Ricardo Hausmann, Harvard's Kennedy School of Government Professor, says Venezuela's Juan Guaido has massive support. Shannon O'Neil, Council on Foreign Relations Senior Fellow for Latin America Studies, says we should be watching what happens with the protests in Venezuela. 

Herbert Diess, Volkswagen CEO, is optimistic about trade. Jason Bordoff, Columbia University Professor and Former Special Assistant to President Obama, says we need to move much faster to a clean energy transition. Nadia Calviño Santamaría, Spanish Economy Minister, says the Spanish economy will grow above the EU average in 2019. Mark Rutte, Netherlands Prime Minister, says the economy has to deliver to the people. Jens Stoltenberg, NATO Secretary General, warns that Russia is not complying with the INF Treaty. 

Christine Lagarde, IMF Managing Director, ranks trade tensions as the top risk for the global economy. Brian Moynihan, Bank of America CEO, says economic data in December were strong enough for a rate rise. Stephen Pagliuca, Bain Capital Co-Chairman, thinks the key in this private equity environment is to be selective. Scott Minerd, Guggenheim CIO, explains the impact of ETFs becoming a bigger player in markets. 

John Normand, JPMorgan Head of Cross-Asset Fundamental Strategy, Morris Reid, Mercury LLC Partner, and Tony Gardner, Former U.S. Ambassador to the EU, discuss their expectations for the World Economic Forum starting Monday in Davos. Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, expects favorable news regarding an easing of sanctions to Chinese imports. Pippa Malmgren, H Robotics Co-Founder & Former U.S. Presidential Advisor to President George W. Bush, shares her optimist outlook for the world economy. Roger Bootle, Capital Economics Founder & Chairman, says Europe would be better off without the euro. 

Laura Cha, Hong Kong Exchange Chair, says there's a lot the Chinese government can do in opening up the financial market. Mohammed Barkindo, OPEC Secretary General, says the Organization is transparent as a fishbowl. Arne Sorenson, Marriott International CEO, thinks Democrats and Republicans ought to arrive at a consensus on immigration. Amin Nasser, Saudi Aramco CEO, says the company is in discussions to acquire 70% of SABIC. George Osborne, London Evening Standard Editor and Former Chancellor of the Exchequer, thinks it's not acceptable for the U.K. to leave the EU without a deal. 

Arthur Levitt, Former SEC Chairman, remembers John Bogle's legacy. Jane Foley, Rabobank Head of FX Strategy & Senior Currency Analyst, says the  fundamentals of both the euro and the dollar are deteriorating. Gerard Cassidy, RBC Capital Markets Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst, talks how U.S. banks were forced to become bank holding companies after the crisis. Simon French, Panmure Gordon Chief Economist, compares the economic outlook in the U.S. and Europe. Adam Posen, PIIE President and former member of BOE Monetary Policy Committee, says the Phillips curve is definitely still in play. 

Charles Peabody, Portales Partners LLC President, recaps U.S. bank earnings with us. Lord Robert Skidelsky, House of Lords Member, says David Cameron landed the U.K. in the Brexit mess without adequate preparation. Chuck Robbins, Cisco Chairman and CEO, says the migration to cloud is driving their growth. Baroness Helena Kennedy, House of Lords Member, says the DUP have Theresa May "by the tail" over the Northern Ireland border agreement. 

Sonali Basak, Bloomberg Investment Banking Reporter, joins us to break JPMorgan's earnings. Brian Levitt, Oppenheimer Funds Senior Investment Strategist, says the U.S. is slowing back to trend. Ken Leon, CFRA Global Director of Research, says to be cautious on banks. Victoria Hewson, Institute of Economic Affairs' International Trade & Competition Unit Senior Counsel, discusses trade scenarios under Brexit. John B. Taylor, Stanford University Professor of Economics, does not think the government shutdown will impact the economy. 

Carl Weinberg, High Frequency Economics Chief Economist, says Brexit is a stagflation event. Fred Cannon, KBW Global Director of Research, previews the U.S. bank earnings coming up this week. Leslie Vinjamuri, Chatham House Head of U.S. & Americas Programme, thinks Republicans will have to present the President with a plan to break the gridlock. John Butler, Bloomberg Intelligence TMT Team Leader, discusses Apple music versus Spotify. 

John Ryding, RDQ Economics Chief Economist & Founding Partner, says the U.S. is in a stronger place than it was several years ago despite what is going on inside the Beltway. Peter Hooper, Deutsche Bank Chief Economist, says we need more training for those who lose their jobs to trade and technology. Mary Barra, General Motors Chairman & CEO, foresees a healthy U.S. market for GM. Laurence Ball, Johns Hopkins University Professor of Economics & Department Chair and Author of "The Fed and Lehman Brothers", critiques how central bankers have discussed the aftermath of the 2008 financial crisis. 

Mark Kiesel, PIMCO CIO of Credit, thinks markets have overestimated the likelihood of a recession while Harm Bandholz, Unicredit Bank Chief U.S. Economist thinks the U.S. could see a recession in 2020. Miranda Carr, Haitong International Senior Macro Strategist & Senior Analyst, doesn't see China's latest inflation numbers as reflective of a huge slump in all of its upstream pricing. Chris Bryant, Bloomberg Opinion Industrials Columnist, believes recent cuts at Ford & Jaguar Land Rover are just the start for the automotive industry. 

Vincent Reinhart, Mellon Chief Economist & Macro Strategist, discusses what's he's looking to in the Fed Minutes. Rep. Henry Cuellar (D-Texas) says the President's border wall is a 14th century solution to a 21st century problem. John Brabender, Brabenderbox Chief Creative Officer & Republican Strategist, discusses fractures in the GOP. Betsy Graseck, Morgan Stanley Global Head of Banks and Diversified Financials Research, says she has her eye on big bank buybacks. ------

Chris Verrone, Strategas Partner & Head of Technical Strategy, says there's a dichotomy between global and domestic tech. Michael Hirson, Eurasia Group Director of Asia, discusses China's slowdown and what it could mean for trade talks with the U.S. Marc Chandler, Bannockburn Global Forex Chief Market Strategist, foresees the dollar weakening. Taylor Riggs, Bloomberg News Correspondent, brings us an update from the JPMorgan Healthcare conference in San Francisco. 

Bloomberg Surveillance is on location at Eurasia Group today. Ian Bremmer, Eurasia Group President, defines "innovation winter." Priya Misra, TD Securities Head of Global Rates Strategy, says several forward-looking economic measures are concerning. Meredith Sumpter, Eurasia Group Head of Research Strategy & Operations, discusses market volatility in relation to U.S. politics. Sallie Krawcheck, Ellevest CEO & Co-Founder, discusses the gender gap in retirement investing. 

Jim Glassman, JPMorgan Chase Commercial Banking Head Economist, says growth for the working age population has slowed dramatically. Miranda Carr, Haitong International China Macro Strategist, says further liquidity is needed in China for its infrastructure projects. Alan Krueger, Princeton University Professor of Economics, and Mike Darda, MKM Holdings Chief Economist & Chief Market Strategist, join us for instant reaction to the U.S. jobs number (312k). Larry Kudlow, White House National Economic Council Director, says there is no recession in sight.

Freya Beamish, Pantheon Macroeconomics Chief Asia Economist, says the Chinese economy is much weaker than the official headlines show. Walter Piecyk, BTIG Telecom, Wireless and Communication Equipment Analyst, says Apple's lowering of revenue estimates is a major sign of economic issues in China. Robert Kaplan, Federal Reserve of Dallas President, thinks the Fed should not take any further action on interest rates. Admiral James Stavridis, Bloomberg Opinion Columnist, argues that the U.S. has to remain engaged in the Pacific. Asthika Goonerwardene, Bloomberg Intelligence Biotech & Pharma Analyst, says Bristol's bid for Celgene is a financial transaction to buy cash flows. 

Tony Crescenzi, PIMCO Market Strategist & Portfolio Manager, believes there is a strong case for the Fed to pause. Freya Beamish, Pantheon Macroeconomics Chief Asia Economist, expects a deeper deterioration of the Chinese economy before the stimulus comes through. Dana Peterson, Citigroup Economist, highlights the importance of the January Fed meeting. Oscar Decotelli, DXA Investments CEO, says the Brazilian elite seem to be positive about the country's new President Jair Bolsonaro. 

Brett Ryan, Deutsche Bank Senior Economist, expects 3 rate hikes and 2.4% economic growth next year. Bob Profusek, Jones Day Global Chair of M&A, says M&A are driven by technology and globalization not by credit markets. Meredith Sumpter, Eurasia Research Strategy & Operations Head, says the countries in the CPTPP will see roughly 99% of tariffs among them eliminated. Jack Ablin, Cresset Wealth Advisors CIO & Founding Partner, says emerging markets are "downright cheap." 

Megan Greene, Manulife Asset Management Chief Economist, says the government shutdown isn't a huge story for the U.S. economy. John Sfakianakis, Gulf Research Center Foundation Director of Economics Research, doesn't think Saudi Arabia sees oil as a strategic weapon. Martin Indyk, CFR Distinguished Fellow & Former U.S. Ambassador to Israel, talks the impact of the U.S. pullout from Syria on the "cold war" between Iran and Israel. David Kirkpatrick, Techonomy CEO & Founder, talks the risk of Amazon achieving the status of "commerce king." 

Don Rissmiller, Strategas Research Partners, thinks the Fed should increase clarity on housing and inflation expectations. Kona Haque, ED&F MAN Head of Commodities Research, says the trade story will drive commodities' sentiment in 2019. Marvin Barth, Barclays Head of FX & EM Macro Strategy Research, says President Trump has realized it is a mistake to undermine people's confidence in institutions. Mark McCormick, TD Securities Head of FX Strategy North America, thinks reserve currencies will strengthen again next year.

Edward Stringham, President of the American Institute for Economic Research, doesn't buy that the Fed is responsible for all the problems of the economy. Ivan Feinseth, Tigress Financial CIO, says now is the time to take advantage of the post-Christmas sale on Wall Street. Brian Egger, Bloomberg Senior Gaming & Lodging Analyst, thinks we are only in the early innings of the sports betting legalization process. Dana Telsey, Telsey Advisory Group CEO, says the combination of online and brick-and-mortar is powerful for retailers.

Bob Hormats, Kissinger Associates Vice-Chair, describes the demographic challenges China is facing. Margaret Talev, Bloomberg's White House Correspondent, zooms in on the question of how the shutdown will impact the economy. Mark Spindel, "The Myth of Independence: How Congress Governs the Federal Reserve" Author, says markets have listened to President Trump on his criticisms of the Fed. Chris Verrone, Strategas Partner & Head of Technical Strategy, says investors are selling what they can and not what they want.

Abby Joseph Cohen, Goldman Sachs Advisory Director & Senior Investment Strategist, thinks the risk tolerance of investors has changed. Bill Lee, Milken Institute Chief Economist, says the Fed still has to define what they mean by "asymmetry." John Hudak, Brookings Governance Studies Senior Fellow, says General Mattis' resignation is connected to the "unstable behavior" and "erratic decision-making" of Trump. Stephen Gallo, BMO Capital Markets Head of European FX Strategy, expects the dollar to be stronger the first half of 2019. 

Danny Blanchflower, Dartmouth University Professor, says either the market is wrong or the Fed is wrong. Howard Ward, Gabelli Funds CIO of Growth Equities, thinks tightening eight times in the course of two years is too rapid a move. Catherine Mann, Citi Global Chief Economist, says there is a divorce between data from the real economy and data from financial markets. Narayana Kocherlakota, Former Federal Reserve Bank of Minneapolis President, says we should get rid of the FOMC Dot Plot.

Andrew Sheets, Morgan Stanley Chief Cross-Asset Strategist, says bond markets are adjusting to slower growth in developed economies next year. Amrita Sen, Energy Aspects Chief Oil Analyst, says oil demand concerns stem from the U.S. and China trade war. Randy Kroszner, Former Fed Governor, says the Fed cannot be a slave to the market. Greg Valliere, Horizon Investments Chief Global Strategist, sees a 55% probability of impeachment for Trump.

Mike Darda, MKM Partners Chief Economist & Chief Market Strategist, says the justification to continue rising rates has evaporated. Jim O'Neill, Chatham House Chair and Goldman Sachs Former Chief Economist, says changing the manager will not solve the dilemmas of Manchester United. Terry Haines, Evercore ISI Senior Political Strategist & Head of Political Analysis, says a government shutdown would only affect 25% of federal funding. Freya Beamish, Pantheon Macroeconomics Chief Asia Economist, says better credit conditions in China haven't translated into liquidity. 

Gideon Rose, Foreign Affairs Magazine Editor and Peter G. Peterson Chair, discusses the latest edition of Foreign Affairs. Andrea Felsted, Bloomberg Opinion Columnist, talks Brexit fears for U.K. retailers. Paul Romer, 2018 Nobel Memorial Prize in Economic Sciences Co-Recipient, says people have less confidence in science than they had 20 years ago. Doug Kass, Seabreeze Partners President, is worried about the lack of cooperation between global superpowers. 

Kate Moore, BlackRock Investment Institute Chief Equity Strategist, discusses the implications of a slower growth rate next year. David Sowerby, Ancora Managing Director & Portfolio Manager, says in the long term, cash is trash. Dean Curnutt, Macro Risk Advisors CEO & Founder, talks the financialization of the VIX from an index to a trading instrument. Gabriela Santos, JPMorgan Asset Management Global Market Strategist, thinks consumer data do not support the general view of a recession in 2019 or 2020. 

Chi Onwurah, Labour MP & Shadow Minister of the Department for Business, Energy and Industrial Strategy, thinks the fundamental fractures in British Parliament can't be solved in two weeks. Eoin Drea, Martens Centre for European Studies Senior Research Officer, defines the Irish border as a symbol of peace and reconciliation. John Mills, JML Founder and Chairman, says the confidence vote was a bit of a distraction. Steven Major, HSBC Bank Global Head of Fixed Income Research, joins us to react to the ECB's rate decision. 

Nigel Huddleston, Conservative Member of Parliament for Mid Worcestershire, says Theresa May would be in a very strong position if she won the vote. Guy Johnson, Bloomberg Anchor, and Erik Nielsen, Unicredit Group Chief Economist, join us for a Brexit update. Priya Misra, TD Securities Head of Global Interest-Rates Strategy, advises to be opportunistic in every asset class in 2019. Adam Posen, Peterson Institute for International Economics President, thinks sterling relief is related to anti-Corbyn sentiment. 

Alan Ruskin, Deutsche Bank Securities Managing Director & Chief International Strategist, says market participants seem to expect volatility to be sticky for a while. Luke Kawa, Bloomberg Cross-Asset Reporter, says markets are pricing in some kind of inflection point for the Fed over the next two years. Danny Blanchflower, Dartmouth Professor & Former BOE Monetary Policy Committee Member, defines the current situation of the U.K. as one of "chaos" and "rage". Julia Coronado, Macropolicy Perspectives Founder, explains that technology is a deflationary force. Baroness Helena Kennedy, House of Lords Member, remarks that the Irish border question was not in the mind of the voters when the Brexit referendum took place. 

Neil Shearing, Capital Economics Group Chief Economist, says the key question now is whether Theresa May can go back to Brussels to negotiate changes. Marc Chandler, Bannockburn Global Forex Strategist & Managing Partner, says there will be downward pressure in the rupee until the Indian central bank's independence is reestablished. Gary Shilling, A. Gary Shilling & Co. President & Bloomberg Opinion Columnist, thinks we are in a very deflationary world. Cheryl Bolen, Bloomberg Government’s White House Reporter, discusses the responsibilities of the next White House Chief of Staff. 

Alan Krueger, Princeton University Professor of Economics, says markets are reacting to the end of the sugar high. James Glassman, JPMorgan Chase Commercial Banking Head Economist, thinks the Fed is more cautious as we near neutral. Michael Darda, MKM Partners Chief Economist & Chief Market Strategist, says the Fed should be focused on the nominal economy. Margaret Brennan, CBS Face the Nation Host, discusses who may be the next candidate for White House Chief of Staff. 

Tony Blair, Former U.K. Prime Minister, joins Francine Lacqua and Tom Keene on Bloomberg Surveillance TV to discuss Brexit. Tim Culpan, Bloomberg Opinion Columnist, says cybersecurity has played a role in Huawei's CFO's arrest. David Rubenstein, The Carlyle Group Co-Founder & Co-Executive Chairman, reflects on the global admiration for former President George H.W. Bush. Tina Davis, Bloomberg Energy & Commodities Americas, joins us to wrap headlines from the OPEC+ meetings. 

Bloomberg Surveillance remember former President George H.W. Bush in today's episode. Diana Furchtgott-Roth, Former Office of Policy Planning Associate Director for George H.W. Bush, discusses the former President's economic policies. Ron Bonjean, The Bonjean Company Founder, discusses the future of the Republican party. Admiral James Stavridis, Former NATO Supreme Allied Commander for Europe, says George H.W. Bush was one of the biggest supporters of NATO in history. Bill Hoagland, Bipartisan Policy Center Senior Vice President, says the former President was pragmatic about deficits. 

Ian Shepherdson, Pantheon Macroeconomics Chief Economist, says wage growth is much more likely to head North than South. Ira Jersey, Bloomberg Intelligence U.S. Rates Strategist, discusses the yield curve flattening. Kevin Book, Clearview Energy Partners Head of Research, brings us an update on oil markets. Emma Ross Thomas, Bloomberg Brexit Editor, says BOE Governor Mark Carney is no stranger to criticism. 

Richard Clarida, Federal Reserve Vice Chairman, says the U.S. Economy is in good shape right now. Michael McKee, Bloomberg International Economics & Policy Correspondent, says the market is pricing in a much lower path for rate hikes for the Fed in 2019. Marianne Schneider-Petsinger, Chatham House Geoeconomics Fellow for U.S. & the Americas, says it is not clear what the Trump administration wants to achieve with China. Freya Beamish, Pantheon Macroeconomics Chief Asia Economist, highlights the divergent outlook of monetary policy for the PBOC and the Fed. Former Senator Alan Simpson, (R) Wyoming, remembers President George H.W. Bush. 

Jonathan Fenby, TSLombard Chairman, says the trade war has come at an inconvenient time for Xi Jinping. Michael McKee, Bloomberg International Economics and Policy Correspondent, updates us on the USMCA signing in Buenos Aires. Julia Coronado, Macropolicy Perspectives Founder & President, does not expect the G-20 meetings to resolve trade issues. Ian Bremmer, Eurasia Group President & Founder, says a framework agreement between Xi and Trump would be a huge win. And Garrett Graff, Author of "Threat Matrix", offers an inside look into political drama in Washington. 

Thu Lan Nguyen, Commerzbank FX Strategist, and Daniel Morris, BNP Paribas Asset Management Senior Investment Strategist, discuss the market impact of various Brexit outcomes. Jean-Claude Trichet, Former ECB President, says the 2008 crisis put central banks close to a financial stability mandate. Don Gimbel, Geneva Advisors Portfolio Manager, thinks China and the U.S. may reach an agreement at the G-20 summit. Leon Cooperman, Omega Advisors Chairman & CEO, discusses the algorithms that bring volatility to the markets. Eric Garcetti, Los Angeles Mayor, says mayors are the political first responders to natural disasters.

Bloomberg Surveillance is live from the Bloomberg link for the Year Ahead Summit. Miranda Carr, Haitong International China Macro Strategist, says the Chinese government will have to take strong measures to avoid volatility in the yuan. Tony Crescenzi, PIMCO Market Strategist & Portfolio Manager, expects a fiscal cliff in 2020. David Rubenstein, Carlyle Group Co-Chairman & Co-Founder, discusses the humility of Former Supreme Court Justice Anthony Kennedy, the guest on his show "Peer to Peer Conversations". Luca Solca, Exane BNP Paribas Head of Luxury Goods Research, says that the Chinese consumer represents a third of the luxury market. Nick Colas, DataTrek Research Co-Founder, says bitcoin is a cloudy market. 

Arlene Foster, U.K. Democratic Unionist Party Leader, tells us why her party doesn't support May's Brexit deal. Kevin Tynan, Bloomberg Intelligence Senior Automotive Analyst, says GM is going through this "painful transition" in order to be relevant in the future. Edward Alden, CFR Senior Fellow and Author of "Failure To Adjust: How Americans Got Left Behind In The Global Economy", says China is a bigger market for GM than the U.S. Andrew Wood, Chatham House Associate Fellow for their Russia and Eurasia Programme, does not think there will be new sanctions on Russia. 

Nicky Morgan, U.K. Member of Parliament & Chair of Treasury Select Committee, and Rupert Harrison, BlackRock Multi-Asset Strategies Portfolio Manager, talk the challenges of getting the Brexit deal through Parliament. James Sweeney, Credit Suisse Chief Economist & Head of Global Fixed Income & Economic Research, says returns aren't great but the unemployment rate is going nowhere. Oliver Chen, Cowen Senior Equity Research Analyst, discusses Cyber Monday for a generation that needs "instagramable moments." Abhishek Deshpande, Head of JP Morgan's Global Oil Market Research & Strategy Team, thinks oil's falling prices are partly policy led. 

Steve Wieting, Citigroup Global Chief Investment Strategist, doesn't think 2019 marks a down year for the U.S. or the rest of the world. John Levy, John B. Levy & Company Founder, says we are going from necessity shopping to experience shopping. Diane Swonk, Grant Thornton Chief Economist, says oil prices will give a boost to consumer spending in the holiday season. Christyan Malek, J.P. Morgan Head of EMEA Oil & Gas Research, talks the Russian break even and the Saudi break even oil prices. Dana Telsey, Telsey Advisory Founder, says stores are in a good inventory position for holidays sales. 

Brian Levitt, Oppenheimer Funds Senior Investment Strategist, says the Phillips curve is as flat as the table he is sitting at. Laurence Boone, OECD Chief Economist, highlights the need to fix trade issues. Mike Feroli, JPMorgan Chief Economist, thinks the Fed will continue to hike every quarter next year. Brian Kelly, The Points Guy, says the credit card market is living the biggest boom we have ever seen. 

George Bory, Wells Fargo Securities Head of Credit Strategy, says the march back towards cash is well underway. Libby Cantrill, PIMCO Head of Public Policy, thinks the chances of a big infrastructure package are higher than markets seem to think. Mark Gilbert, Bloomberg Opinion Columnist, says we are nearing a bear market. Wolfgang Munchau, Eurointelligence Director, thinks people are overestimating the power of Germany to influence Euro states. 

Catherine Mann, Citi Global Chief Economist, says the Fed must balance the signals coming from the global and domestic economy. Luigi Zingales, University of Chicago Booth School of Business Finance Professor, thinks Salvini wants the confrontation with the EU for political reasons. Isabelle Mateos Y Lago, BlackRock Investment Institute Chief Multi-Asset Strategist, notes it's the first time in a while that there's uncertainty about the Fed's next move. Budd Bugatch, Raymond James Research Managing Director, provides an update on Home Depot and Walmart. 

Stephen Roach, Yale University Professor, says there might be some type of standstill agreement between China and the U.S. in the Buenos Aires meeting. Antony Phillipson, British Consul General to New York, highlights the need to deliver some certainty on Brexit. Margaret Brennan, CBS Face the Nation Host, will discuss the record number of women in Congress during her next show. Stephanie Wissink, Jefferies Managing Director & Consumer Research Analyst, says the baton has shifted from baby boomers to millennials being the population driver for consumer goods. 

Jane Foley, Rabobank Head of FX Strategy & Senior Currency Analyst, says the prospects of a hard Brexit look very tangible today. Neil Callanan, Bloomberg's London Bureau Chief, thinks Theresa May will struggle in a leadership contest. Danny Blanchflower, Darmouth Professor & Former BOE Monetary Policy Committee Member, thinks the current Brexit deal will collapse. And John Carreyou, Author of "Bad Blood", details the writing process for his book on Elizabeth Holmes and Theranos. 

Ebrahim Rahbari, Citi Global Head of Content & G10 FX Strategy, says confidence in Draghi is diminishing. David Herro, Harris Associates CIO of International Equities, thinks European stocks are especially undervalued today. Toby Moskovitz, Heritage Equity Partners President & Founder, proposes that Amazon creates a requirement for local hiring and job training. Dana Telsey, Telsey Advisory Founder, says product innovation contributes Macy's strong earnings. David Rubenstein, Carlyle Group Co-Chairman & Co-Founder, previews his interview with Former Fed Chair Alan Greenspan. 

Kim Wallace, Eurasia Group Managing Director of U.S., thinks people are growing comfortable with the notion of socializing health care in America. Nancy Ognanovich, Congressional Leadership Reporter For Bloomberg Government, says funding the government will be the Congress priority. Greg Boutle, BNP Head of Equity & Derivative Strategy, expects a slowdown in nominal GDP next year. Bill Smead, Smead Capital Management CEO & CIO, describes how Seattle has changed as Amazon has grown. 

Jim Glassman, JPMorgan Chase Commercial Banking Head Economist, says of all the things he worries about, the Fed is not on that list. Kevin Book, Clearview Energy Partners Head of Research, talks the supply and demand picture for crude oil. Rep. Steve Scalise (R-LA) lays out his plans for his last few months as House Majority Whip. Priya Misra, TD Securities Head of Global Interest-Rates Strategy, says you don't have to take on a ton of treasury risk to get big returns. Tyler Brule, Monocle Editor-In-Chief, takes a close look at soft power. 

Chris Rupkey, MUFG Union Bank Chief Financial Economist & Managing Director, thinks the U.S. tariffs are already having an impact on China. Stewart Patrick, CFR Senior Fellow & Director of the International Institutions and Global Governance Program, joins us to discuss the Armistice Day Centennial. Ellen Zentner, Morgan Stanley Chief U.S. Economist, thinks Powell has been a great communicator but his one misstep was when he said, "We are far from neutral." Michael Beschloss, Presidential Historian & Author of "Presidents Of War", expects a Battle Royale within the Democratic Party in the next two years. 

Stephanie Baker, Bloomberg News Senior Writer, discusses the Russian investigation in the wake of Sessions' resignation. William Lee, Milken Institute Chief Economist, expects one or two rate hikes from the Fed next year. James Albertine, Consumer Edge Senior Auto Analyst, says Robyn Denholm would not have been his first choice for Tesla Chair. Bill Gavin, Former FBI Assistant Director, reacts to the California shooting. David Laufman, Government Investigations Lawyer & Former U.S. Department of Justice Senior National Security Official, revisits Sessions' recusal from the Russia investigation.  

Bloomberg Surveillance brings you a Midterms Special. Emily Ekins, Cato Institute Research Fellow & Director of Polling, says millennials were energized to vote in these midterms. Marc Lotter, Former Press Secretary for VP Mike Pence & Trump 2020 Advisory Board Member, shares his key takeaways from the Florida and Ohio races. Lawrence Summers, Former U.S. Treasury Secretary & Former National Economic Council Director, says fiscal responsibility is not the concern right now. Robby Mook, Hillary Clinton's 2016 Campaign Manager, thinks Democrats need to focus on delivering results to those who elected them. Trent Lott, Former Senate Majority Leader, says getting things done in a divided government takes communication and leadership. Stephen Moore, Heritage Foundation & "Trumponomics" Co-Author, thinks the booming economy saved Senate seats for Republicans. And Frank Keating, Former Governor of Oklahoma, says he's not happy with what is going on at the U.S.-Mexico border. 

Kathy Fisher, Bernstein Head of Wealth & Investment Strategies, says gridlock would be the best outcome for the markets. Doug Heye, Deputy Chief of Staff to Eric Cantor & Republican Strategist, guides us through two races in Iowa. Joe Lieberman, United Against a Nuclear Iran Chairman and Former Senator (D-CT), thinks Congress has let down the people. Austan Goolsbee, Fmr. White House Economic Adviser to President Obama, is hoping voters become increasingly skeptical of what they see on social media during elections. 

Harm Bandholz, Unicredit Bank Chief U.S. Economist, discusses potential for American austerity as the global economy decelerates. Golnar Motevalli, Bloomberg News Reporter in Tehran, says Iran sanctions are a sad story for the middle class. Megan Greene, Manulife Asset Management Chief Economist, does not expect the economy to overheat. Jared Bernstein, Fmr. Chief Economist & Economic Adviser to Vice President Joe R. Biden, says we've dropped the ball on public investment. 

Jeff Currie, Goldman Sachs Global Head of Commodities Research, explains how big oil companies are adapting to a de-carbonized world. Eric Ross, Cascend Securities Chief Investment Strategist, analyzes  the "Apple ecosystem." Betsey Stevenson, University of Michigan Professor & Former Chief Economist of the U.S. Department of Labor, says we have never seen a higher wage gap between workers with college degrees and those without. Kevin Hassett, Council of Economic Advisers Chairman, says the U.S. is seeing real wage growth. 

Seema Malhotra, Labour Party Member of Parliament, does not believe we will see a Brexit deal by November 21st. Steve Wieting, Citi Global CIO, expects a positive equity environment in 2019. Steve Major, HSBC Global Head of Fixed Income Research, says October was a bucket of cold water for the S&P. Greg Valliere, Horizon Investments Chief Political Strategist, says President Trump is absolutely already on the 2020 campaign trail. 

Gerry Fowler, Aberdeen Standard Investments Global Multi-Asset Strategist, says the Libor rate is the key driver of equity markets. Jane Foley, Rabobank Head of FX Strategy, says the dollar-renminbi cross has a very political exchange rate. David Kirkpatrick, Techonomy Founder & CEO, notes Facebook growth has slowed in the developed world. Troy Gayeski, Skybridge Capital Partner, gives us a hedge fund update. Margie Patel, Wells Fargo Asset Management Senior Portfolio Manager, compares loan to bond investment. 

Karen Ubelhart, Bloomberg Intelligence Senior Machinery Analyst, sees opportunities in the tech gigs sector. Jason Trennert, Strategas Research Chairman & Chief Executive Officer, expects more dispersion in returns as capital becomes rationed. Bob Janjuah, Nomura Senior Independent Client Advisor of Global Markets, worries about the "post-easy-money world." Jim O'Sullivan, High Frequency Chief U.S. Economist, expects a strong employment report on Friday. Kevin Cirilli, Bloomberg TV & Radio Chief Washington Correspondent, updates us on President Trump's immigration plans.  

Michael Shaoul, Marketfield Asset Management Chairman, Portfolio Manger & CEO, says IBM hasn't managed to innovate. Shannon K. O'Neil, Council on Foreign Relations VP, Deputy Director of Studies, and Nelson and David Rockefeller Senior Fellow for Latin American Studies, says Brazil's elected President Bolsonaro models himself after U.S. President Trump. Neil Shearing, Capital Economics Group Chief Economist, wonders when the sugar high from the tax cut will start to fade. Nina Schick, Rasmussen Global Director of Data & Polling, says it will be tough for Germany to replace Merkel who is a "monolith" for her country and the EU. 

John Ryding, RDQ Economics Chief Economist & Founding Partner, does not think the Fed should stop hiking. Robert Kaplan, Dallas Fed President & CEO, tells Michael McKee, Bloomberg International Economics & Politics Correspondent, that the current market volatility is typical. Nancy Cordes, CBS News Chief Congressional Correspondent, updates us the Senate race in Texas. And Mick Mulvaney, U.S. Office of Management & Budget Director, says the White House expected the low inflation numbers we saw today. 

Gordon Johnson, Vertical Group Managing Director & Analyst, thinks Tesla's positive numbers in 2Q and 3Q are not repeatable. Gary Shilling, A Gary Shilling & Co. President, says we are basically in a deflationary war. Christian Schulz, Citi Economics Team Director, previews the ECB Meeting today. And Gene Munster, Loup Ventures Managing Partner & Co-Founder, forecasts Apple's future in autos. 

Bloomberg’s head of economics Stephanie Flanders calls on Bloomberg's worldwide network of reporters and expert commentators to cast a fresh eye on looming challenges for the world economy which affect us all. This 6 part podcast combines on the ground reporting with expert discussion on the future of cities, finance and technology, trade, global governance and making growth more inclusive. It's the start of a global conversation on how to confront these issues which will continue in Singapore in early November, when around 400 top business leaders and thinkers from across the globe will gather in Singapore for the first New Economy Forum.

John Normand, JP Morgan Head of Cross-Asset Fundamental Strategy, says there are pockets of opportunity in emerging markets. George Friedman, Geopolitical Futures Founder & Chairman, discusses the U.S.-Saudi Arabia relationship. Diane Swonk, Grant Thornton Chief Economist, says much of the Fed's power comes from the perception of its independence. Craig Gordon, Bloomberg Washington Bureau Chief, joins us on breaking news. And Jon Lieber, PWC National Tax Services Principal, analyzes the possibility of a middle class tax cut. 

Charles Kantor, Neuberger Berman Senior Portfolio Manager, sees no exuberance or optimism in equity markets. Frank Newport, Gallup Poll Editor-In-Chief, discusses the challenges of polling election turnout. Sanam Vakil, Chatham House Senior Consulting Research Fellow in the Middle East & North Africa Program, says Saudi Arabia wants to preserve their relationship with the U.S. at all costs. Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, hops in the studio to analyze the market losses this morning. 

Kate Moore, BlackRock Investment Institute Chief Equity Strategist, defends her market optimism. John Hudak, Brookings Institution Senior Fellow in Governance Studies, predicts President Trump will "absolutely not" pass new tax legislation by the midterms. Matt Maley, MillerTabak and Co., LLC Managing Director & Equity Strategist, advises to go to cash. Steven Cook, CFR Senior Fellow For Middle East And Africa Studies, says Khashoggi's story will shake the Saudi royal family. 

Chris Marangi, Gabelli Funds Co-CIO, talks the future of Fox, Disney, Google and Youtube. Florian Hense, Berenberg European Economist, says it is likely that Italy will be downgraded a notch. Therese Raphael, Bloomberg Opinion Columnist, says the Trump administration's proposal for a free-trade deal with the U.K. is music to the ears of Brexiteers. Dana Peterson, Citigroup Economist, discusses the uneven wage growth in the U.S.

Ellen Zentner, Morgan Stanley Chief U.S. Economist, sees no reason for the Fed to stop hiking right now. Martin Indyk, CFR Distinguished Fellow & Former U.S. Ambassador to Israel, says every message has to be carefully controlled in a crisis, including the one with Saudi Arabia. Joel Levington, Bloomberg Intelligence Credit & Strategy Analyst, expects Uber bonds to have junk ratings. Wolfgang Munchau, Eurointelligence President, is optimistic about a Brexit deal in December. 

Jack Lew, Former U.S. Treasury Secretary, thinks economic sanctions are a powerful tool to influence countries to change their policies. Gideon Rose, Foreign Affairs Magazine Editor, says the U.S. is abusing its privileges. Alison Williams, Bloomberg Intelligence Senior Analyst of U.S. Banks, talks IPO growth. Mohamed El-Erian, Bloomberg Opinion Columnist, is worried about the over-promise of liquidity in banks. 

Gerard Cassidy, RBC Capital Markets Equity Research Managing Director, says the universal bank model is outperforming the regional bank model. John Sfakianakis, Gulf Research Center Foundation Economics Research Director, thinks Khashoggi's disappearance has been a blow to Saudi Arabia's image-making. Vivian Nereim, Bloomberg Reporter, reports from Riyadh on the beginning of an internal probe in Saudi Arabia. Gary Gensler, Former CFTC Chairman, defends quarterly earnings reporting arguing that the public has the right to know about companies on a regular basis.

David Pearl, Epoch Investment Partners Co-Chief Investment Officer & Portfolio Manager, says JP Morgan has a clear strategy which includes a large return of capital. Terry Haines, Evercore ISI Senior Political Strategist, thinks that celebrity endorsements do not have an impact on elections results. Gustavo Rangel, ING Chief LatAm Economist, explains that big Latin American countries are not vulnerable to FX volatility. Mitch Roschelle, PwC Partner, says the U.S. is undersupplied with new housing stock. 

Geoffrey Yu, UBS Wealth Management Head of UK Investment Office, is not worried about tail risks. Krishna Memani, OppenheimerFunds CIO & Head of Fixed Income, thinks credit is the strongest place in the markets right now. Dana Peterson, Citigroup Global Markets Director and Economist, says an independent Fed is the best Fed. And Justin Leverenz, Oppenheimer Funds Director of EM Equities, highlights the focus on the sustainability of Tencent. 

Sebastian Mallaby, CFR Senior Fellow for International Economics, says the dollar's centrality in the global system has gone up since 2008. Claus Vistesen, Pantheon MacroEconomics Chief Eurozone Economist, thinks the Italian bond market is mispriced. Mike Mayo, Wells Fargo Securities Managing Director & U.S. Large-Cap Bank Research, prefers that banks have less revenues today but sustainable growth. Amanda Sloat, Brookings Institution Senior Fellow, thinks people are becoming increasingly more pessimistic towards Brexit.

Harm Bandholz, Unicredit Bank Chief U.S. Economist, says there is a good chance that we will see a downturn in 2020. Kathy Fisher, Bernstein Head of Wealth & Investment Strategist, does not expect a terrible recession whenever it comes. Yanis Varoufakis, Former Finance Minister of Greece, thinks Italy is not sustainable within the current rules of the Eurozone. And Admiral James Stavridis, Former NATO Supreme Allied Commander Europe, recommends we read Madeleine Albright's new book, "Fascism: A Warning." 

Willem Buiter, Citi Special Economic Adviser, says the Nobel Prize for Economics Winner William Nordhaus was a very inspiring teacher. Isaac Boltansky, Compass Point Managing Director of Policy Research & Senior Policy Analyst, says Kavanaugh's confirmation galvanized the political pulse for the midterms. Monica de Bolle, Peterson Institute for International Economics Senior Fellow, thinks Brazil's first round winner Jair Bolsonaro is more nationalistic and state interventionist than the markets seem to realize. And Steve Keen, Kingston University of London Professor of Economics, talks the role of technology in economics after Paul Romer's Nobel Prize win. 

Howard Ward, Gabelli Funds CIO of Growth Equities, focuses on defensive growth stocks while the Fed is tightening. Betsey Stevenson, University of Michigan Professor & Former Chief Economist of the U.S. Department of Labor from 2010-2011, says wage growth goes mainly to the top end of the income distribution. Timothy O'Brien, Bloomberg Opinion Executive Editor, thinks that the debate around Kavanaugh has moved from sexual harassment to issues regarding his credibility. Larry Kudlow, National Economic Council Director, says unemployment can go lower. 

We lead today's podcast with a Bloomberg Businessweek scoop: China used a tiny chip to infiltrate almost 30 U.S. companies. Then we turn to Tobias Levkovich, Citigroup Global Markets Chief U.S. Equity Strategist, who notes 75% of S&P revenues are U.S. driven. Max Baucus, Former U.S. Ambassador to China & Former Senator from Montana, says countries will have to reach agreements on technology or this will be "the Wild West." Louise Yamada, Technical Research Advisors, says we're now in a new raising rate cycle. Jordan Robertson, Bloomberg News Global Technology Reporter, breaks down his reporting on China's microchips. And Adam Segal, Council on Foreign Relations Digital & Cyberspace Policy Program Director, says this story will shape upcoming security discussions. 

Ian Shepherdson, Pantheon Macroeconomics Chief Economist, says people in the U.K. are sick of ten years of conservative austerity. Anna Edwards, Bloomberg Markets European Open Anchor, reports on PM May's speech at the Tory Party Conference. Craig Trudell, Bloomberg Autos Americas Team Leader, gives us a much needed autos update from Michigan. Edward Alden, Council on Foreign Relations Senior Fellow, analyzes the USMCA trade agreement. And David Rubenstein, Carlyle Group Co-Founder & Co-Chairman, previews his upcoming show with Barry Diller.

Marc Chandler, Bannockburn Global Forex Chief Market Strategist & Managing Partner, thinks Italy needs growth. Bob Doll, Nuveen Asset Management Senior Portfolio Manager & Chief Equity Strategist, says Fed conversations are getting harder as we approach neutral. Christine Lagarde, IMF Managing Director, is pleased the USMCA exists. Alan Krueger, Princeton Professor of Economics, thinks Amazon is saying, "we are going to be a responsible employer," by raising their minimum wage.

Bill Lee, Milken Chief Economist, says the USMCA is an example of the new bilateral approach to negotiations of the U.S. Mary Lovely, Peterson Institute Senior Fellow, says 70% to 100% of the tariffs in autos will fall on consumers. Kimberly Robinson, Bloomberg Law Legal Editor, comments on the political nature of Kavanaugh's speech. Abe Selassie, IMF Director of the African Department, highlights that by 2030 half of the annual increase of the global workforce will come from Sub-Saharan Africa. 

Barry Eichengreen, University of California Professor Berkeley, analyzes the IMF's future. Alberto Gallo, Algebris Macro Strategies Head, sees little contagion in Europe after the approval of the Italian budget. John Coffee, Columbia Law Professor, says the Tesla board is not strong. Elaine Kamarck, Brookings Institution Senior Fellow, notes the Republicans have no women on the Senate Judiciary Committee. And Shannon Pettypiece, Bloomberg News White House Reporter, updates us on Sen. Flake's decision to confirm Judge Kavanaugh. 

Thursday’s Senate hearing over sexual assault allegations against Supreme Court nominee Brett Kavanaugh stirs memories of similar testimony from 1991. That’s when Supreme Court nominee Clarence Thomas was called back in his confirmation process to face the sexual misconduct allegations of Anita Hill. Bloomberg’s Bob Moon reports on how this scenario played out 27 years ago.

Jane Foley, Rabobank Head of FX Strategy, says the dollar can climb higher. Libby Cantrill, PIMCO Head of Public Policy, is skeptical about Congress ratifying a bilateral trade agreement with Mexico. Peter Chatwell, Mizuho International Head of European Rates Strategy, thinks the ECB could go negative again in the future. And Michelle Meyer, Bank of America Merrill Lynch Head of US Economics, tells us whether to rent or buy property. And Bob Moon, Bloomberg Radio Daybreak Host, joins us to discuss Judge Kavanaugh and 1991. 

Jeff Currie, Goldman Sachs Global Head of Commodities Research & Partner, says they are bullish on owning oil. Werner Hoyer, European Investment Bank President, says Europe is behind in investment. Michael R. Bloomberg, Former Mayor of New York City & Bloomberg LP Founder, says the U.S. needs to have access to China's markets. Angel Gurria, OECD Secretary General, says it is crucial that trade continuous to drive growth. And Roger Ferguson, TIAA CEO & Former Federal Reserve Vice Chair, discusses the Fed rate decision due this afternoon. 

Michael Spence, NYU Professor & Nobel Laureate, says China wants to be a positive influence in the developing world. Chris Verrone, Strategas Partner & Head of Technical Strategy, sees discipline in the credit markets. Sarah Ponczek, Bloomberg News Cross Asset Reporter, is watching Facebook shares following the departure of Instagram's founders. Patrick Gregory, Bloomberg Supreme Court Reporter, discusses the latest in the contentious confirmation of Brett Kavanaugh. Erik Schatzker, Bloomberg Editor-at-Large, hops in the booth to discuss the resignation of Argentina's Central Bank Governor Luis Caputo.

Brian Levitt, OppenheimerFunds Senior Market Strategist, favors investment in technology. Rufus Xerxa, National Foreign Trade Council President, says breaking international trade rules undermines the competitiveness and cost structure of companies. Bogolo Kenewendo, Republic of Botswana Minister of Investment, Trade, and Industry, plans for Botswana to go from a middle-income to a high-income country by 2036. Greg Stohr, Bloomberg News Supreme Court Reporter, discusses where the confirmation for Brett Kavanaugh stands.  

Peter Hooper, Deutsche Bank Securities Chief Economist, says there will be a slowdown in 2020 but it doesn't have to be a recession. Freya Beamish, Pantheon Macroeconomics Chief Asia Economist, says there would have been monetary easing in China even without the trade war. Pennsylvania Representative Ryan Costello says voters want Congressmen who keep their independence. Betsy Graseck, Morgan Stanley Global Head of Banks & Diversified Financials Research and U.S. Large Cap Banks Analyst, says banks are putting the customer at the heart of their IT platforms. 

Daragh Maher, HSBC US Head of FX Strategy, says investors always ask if it's time to sell the dollar. Terry Haines, Evercore ISI Senior Political Strategist and Head of Political Analysis, predicts markets will understand that policy rollback in the U.S. is very unlikely. Sonali Basak, Bloomberg News Investment Banking Reporter, discusses her recent piece on Howard Lutnick, Cantor Fitzgerald CEO. And Doug Kass, Seabreeze Partners President, says his approach has always been to average into positions, both long and short. 

Geoff Dennis, UBS Head of Global Emerging Markets Equity Strategy, thinks money will go back to EM once the dollar goes down. Beth Comstock, Former GE Vice-Chair, says that MBA students are not encouraged to be entrepreneurial. Rep. Mike Turner, U.S. Representative for Ohio's 10th congressional district (R), says the president is making headway for Republicans by focusing his message on the economy. David Rubenstein, Carlyle Group Co-Founder & Co-Chairman, discusses his interview with Jeff Bezos, Amazon CEO & Founder, which will air tonight on Bloomberg Radio at 5 p.m. and Bloomberg TV at 9 p.m. ET.