Bloomberg Surveillance

 Senator Pat Toomey, a Pennsylvania Republican and Ranking Member of the Senate Banking Committee, reacts to US railroads and union negotiators reaching a tentative deal to avert a labor disruption and says Congress should step in on cryptocurrency regulation. Liz Ann Sonders, Charles Schwab Chief Investment Strategist, weighs cheaper valuations against worries that persistently high inflation would cause central banks to remain hawkish for longer. Danny Blanchflower, Dartmouth College Professor of Economics & Former Bank of England Monetary Policy Committee Member, discusses the health of the UK economy. Kathy Bostjancic, Oxford Economics Chief US Economist, discusses outlook for US labor market and the Federal Reserve’s next move. See omnystudio.com/listener for privacy information.

Chief Financial Officers now play a critical role in shaping corporate strategy and positioning organizations to meet future challenges. Bloomberg's monthly program, Chief Future Officer, profiles these leaders and explores the impact they're making on their companies and industries. This episode, hosted by Matt Miller, focuses on Shake Shack CFO Katie Fogertey. Fogertey was Goldman Sachs' lead analyst covering the restaurant sector before leaving Wall Street in 2021 to join the fast casual dining chain -- and she's helping lead the company through a period of rapid change.See omnystudio.com/listener for privacy information.

Wei Li, BlackRock Global Chief Investment Strategist, says Europe is heading for a recession this year and one is likely in the US next year as well. Governor Glenn Youngkin, (R) Virginia, says bad policies are leading to persistent inflation. Michelle Meyer, Mastercard Economics Institute Chief US Economist, says the US consumer is still healthy. David Rubenstein, Carlyle Group Co-Founder & Co-Chairman, discusses his new book "How to Invest: Masters on the Craft." See omnystudio.com/listener for privacy information.

Jay Bryson, Wells Fargo Chief Economist, says today's inflation report removes all doubt about the Fed hiking 75 basis points at their next meeting. David Kelly, JPMorgan Asset Management Chief Global Strategist, thinks markets are overreacting to the US inflation report. Esty Dwek, Flowbank CIO, still expects the disinflation trend to continue. Regina Mayor, KPMG Global Head of Energy, says we are out of the woods on high gas prices. See omnystudio.com/listener for privacy information.

Bob Miller, BlackRock Head of Americas Fundamental Fixed Income, explains why he thinks yields are now reasonable. Kathryn Kaminski, Alphasimplex Group Chief Research Strategist, says she is less optimistic than the markets. Ben Hodges, Former Commanding General US Army Europe and CEPA Pershing Chair in Strategic Studies, says sanctions against Russia really are having a strong effect. Gilles Moec, AXA Investment Managers Chief Economist, says it's going to be difficult for European government to continue to accommodate the shock from rising energy prices with rising interest rates. See omnystudio.com/listener for privacy information.

John Micklethwait, Bloomberg Editor-in-Chief, reflects on the legacy of Queen Elizabeth II. Mohamed El-Erian, Bloomberg Opinion Columnist & Queens' College Cambridge President, discusses the impact of Queen Elizabeth II on Queens' College Cambridge. Robin Niblett, Chatham House Director, expects Charles III's reign over the Commonwealth to be a lot more difficult. Sir Vince Cable, London School of Economics & Political Science Visiting Professor, predicts what changes will come with the passing of Queen Elizabeth II. Marilyn Watson, BlackRock Head of Global Fundamental Fixed Income Strategy, says the volatility in bonds is creating opportunity. See omnystudio.com/listener for privacy information.

George Saravelos, Deutsche Bank Global Head of FX Research, says the dollar is ending up as the safe haven of choice by default. Margie Patel, Allspring Global Investments Senior Portfolio Manager, sees no "dynamic rebound" for stocks. Ed Morse, Citigroup Global Markets Commodities Research Head, expects Russia to run out of markets for its natural gas soon. Richard Haass, Council on Foreign Relations President, says western nations are going to have to have a major conversation about their trading policies with China. See omnystudio.com/listener for privacy information.

Ben Laidler, eToro Global Markets Strategist, says this market is talking itself into a funk. Bruce Kasman, JPMorgan Chief Economist & Head of Global Economic Research, says the US economy is faring better than the rest of the world and the Fed has more work to do. Sebastian Mallaby, Council on Foreign Relations Senior Fellow for International Economics, discusses outlook for the pound as Liz Truss becomes UK Prime Minister. Victoria Greene, G Squared Private Wealth CIO, says panic is one of the biggest risks to investors right now. See omnystudio.com/listener for privacy information.

Marty Walsh, US Secretary of Labor, expects payrolls to keep rising despite Fed rate increases. Randy Kroszner, University of Chicago Booth School Professor of Economics & Former Fed Governor, says the labor force participation rate is consistent with where the Fed wants to go. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says today's jobs report is a bit of a sigh of relief for equity markets. Michael Purves, Tallbacken Founder & CEO, discusses whether he expects the corporate earnings machine to continue to perform. Tiffany Wilding, PIMCO Chief U.S. Economist, describes why the prime age participation rate is coming more into focus. See omnystudio.com/listener for privacy information.

Jean Boivin, Head of the BlackRock Investment Institute, says central banks are finally waking up. Francisco Blanch, Bank of America Global Research Head of Global Commodities and Derivatives Research, says there is a huge amount of uncertainty over what the future of energy looks like. Rubeela Farooqi, High Frequency Economics Chief US Economist, is seeing dislocations in the labor market. Tracy Alloway, Odd Lots Podcast Co-Host, discusses her interview with Minneapolis Fed President Neel Kashkari. See omnystudio.com/listener for privacy information.