Bloomberg Surveillance Inflation, Trump Policy Proposals, and Oil Outlook
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Dec 10, 2024 
Monica Guerra, Executive Director at Morgan Stanley Wealth Management, shares insights on Trump's economic policies and cabinet selections. Ellen Wald, Senior Fellow at the Atlantic Council, dives into the complexities of the oil market amid Middle Eastern tensions. Lisa Mateo, a Bloomberg journalist, adds her take on current events. The discussion touches on the $2 trillion budget deficit, immigration reforms, and the unexpected stability of oil prices, reflecting on their implications for inflation and the U.S. economy.
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Confirmation Process
- The confirmation process for appointees could face challenges due to scrutiny from Congress.
- Senator Thune's influence suggests a focus on qualifications and potential resistance to outlier choices.
NYC Fiscal Policy
- Managing city agencies and addressing crime are key fiscal policy concerns for New York City.
- Congestion pricing and its implementation are also top priorities.
Congestion Pricing
- New York City plans to implement congestion pricing, modeling it after Stockholm and London, to generate revenue.
- This revenue is crucial for the MTA, and securing it will enable them to address financial losses.