Bloomberg Surveillance

Henrietta Treyz, Veda Partners Economic Policy Research Director, discusses President Joe Biden's 2024 reelection bid. Charles Kantor, Neuberger Berman Long Short Fund and Large Cap Growth Fund Senior Portfolio Manager, says Microsoft, Google, Amazon and Meta are all well positioned to win when it comes to AI. Christopher Marinac, Janney Montgomery Scott Director of Research, discusses First Republic earnings. Rishi Jaluria, RBC Capital Markets Software Equity Analyst, previews Microsoft earnings. Paul Jacobson, General Motors CFO, says GM won't resort to layoffs to cut costs. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Jens Nordvig, Exante Data Founder & CEO and MarketReader Founder & CEO says the combination of "too high inflation and growth that's actually getting better means it's very, very hard for the ECB to relax." Margie Patel, Allspring Global Investments Sr. Portfolio Manager, still likes the tech sector. Dana Peterson, The Conference Board Chief Economist, expects between 1.5-2% growth on the month in the US. Richard Greenfield, Lightshed Partners Media and Technology Analyst and Partner, discusses upcoming tech earnings. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Priya Misra, TD Securities Head of Global Rates Strategy, says we don't know the Fed's pain threshold and the market is going to grapple with that for the rest of the year. Daniel Ives, Wedbush Senior Equity Analyst, discusses Tesla and upcoming big tech earnings. Neil Dutta, Renaissance Macro Research Head of US Economic Research, says a "cliff dive moment" in the second quarter is not happening. Mayra Rodriguez Valladares, MRV Associates Managing Principal, says the regional banks are preparing "at worst, for the beginning of a recession or at best, for a softening of the economy." Daniel Tannebaum, Oliver Wyman Global Anti-Financial Crime Practice Leader & Atlantic Council Senior Fellow, discuss Biden's plans to limit investment in China. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Seth Carpenter, Morgan Stanley Global Chief Economist, doesn't expect the Fed to cut to zero "even if we did get a mild recession." Julian Emanuel, Evercore ISI Chief Equity & Quantitative Strategist, sees banking pressures lingering for longer as they undergo an "unwind" process from fiscal and monetary expansion. Christopher Marinac, Janney Montgomery Scott Director of Research, discusses regional bank earnings. Libby Cantrill, PIMCO Head of Public Policy, says some investors see the political risk of investing in China increasing. Jonathan Gray, Blackstone President & COO, discusses the firm's first-quarter performance. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Matthew Luzzetti, Deutsche Bank Chief US Economist, expects the Fed to be cutting rates more aggressively. Gerard Cassidy, RBC Capital Markets Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst, discusses Morgan Stanley earnings. Liz Ann Sonders, Charles Schwab Chief Investment Strategist, sees a return to a trading environment of higher inflation volatility. Michael O'Leary, Ryanair CEO, expects double-digit price increases for airfares this year. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillanceSee omnystudio.com/listener for privacy information.

Jim Zelter, Apollo Asset Management Co-President, says we're in a "transition period" as markets face a higher cost of capital in debt financing. Dan Greenhaus, Solus Alternative Asset Management Chief Strategist, doesn't think we're close to a recession. Kathy Bostjancic, Nationwide Chief Economist, says consumers are still feeling the weight of high inflation. David Konrad, KBW Large Cap US Bank Equity Research Analyst, discusses US bank earnings. Carl Weinberg, High Frequency Economics Chief Economist and Managing Director, says China's 1Q GDP print is an "abysmal result." Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Steven Major, HSBC Global Head of Fixed Income Research, says it's very difficult to imagine us getting back to 4% on the 10-year. Binky Chadha, Deutsche Bank Chief Global Strategist & Head of Asset Allocation, says the equity market is not pricing in that much in terms of a credit downturn. Jordan Rochester, Nomura G-10 FX Strategist, says there's two big risks to a long EUR-USD view: a rebound in banking data and a rebound in oil prices. David Bailin, Citi Global Wealth CIO & Global Head of Investments, expects earnings to go down - probably between 7-10%. Julie Norman, UCL Centre on US Politics Co-Director, says different interests are at play in regards to China. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Mohamed El-Erian, Bloomberg Opinion Columnist and Queens' Cambridge College President, says this was not a banking crisis, rather a "banking tremor." Ken Leon, CFRA Director of Equity Research, calls the banking system "resilient" as the financial sector reports results. Valdis Dombrovskis, European Commission Executive Vice President, says the EU is constructively engaged with the US on the Inflation Reduction Act. Lupin Rahman, Head of EM Sovereign Credit & Portfolio Manager, says the Fed cycle is extremely important for major emerging markets. Erik Nielsen, UniCredit Group Chief Economics Advisor, says economic policy is not in the drivers seat anymore. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

David Malpass, World Bank President, says the developing world is under "giant pressure" from debt. Gita Gopinath, IMF First Deputy Managing Director, says the balance of risks facing the world economy remain tilted to the downside. Paolo Gentiloni, EU Commissioner for Economy, says Europe is on track to rebalance China trade. Tobias Adrian, IMF Director of Monetary and Capital Markets, says there's certainly evidence in the data of some contraction in lending. Raghuram Rajan, Chicago Booth Professor of Finance, Former IMF Chief Economist & Former Reserve Bank of India Governor, says longer-term growth "doesn't look good." See omnystudio.com/listener for privacy information.

Jay Bryson, Wells Fargo Chief Economist, still sees the Fed hiking by 25 basis points in May following the March CPI print. Jeff Rosenberg, BlackRock Systematic Multi-Strategy Fund Portfolio Manager, says the direction of the banking crisis is "clear" but "the magnitude is not." Adam Posen, Peterson Institute for International Economics President & former BOE Monetary Policy Committee member, discusses the problems with subsidies in global trade. Tim Adams, Institute of International Finance President and CEO & former Under Secretary of Treasury for International Affairs, says this isn't a banking crisis. Mark Kimmitt, former US Assistant Secretary of State for Political-Military Affairs & Retired Brigadier General, discusses the leak of classified documents. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.