Bloomberg Surveillance

Chief Financial Officers now play a critical role in shaping corporate strategy and positioning organizations to meet future challenges. Bloomberg's new monthly program, Chief Future Officer, profiles these leaders and explores the impact they're making on their companies and industries. This episode focuses on Mondeléz International CFO Luca Zaramella. He sits down with Taylor Riggs to discuss how the global food and beverage giant is meeting ambitious goals for growth as the snack food industry sees a surge in demand -- and how it's dealing with headwinds such as supply chain disruption and inflation.See omnystudio.com/listener for privacy information.

Mary Barra, General Motors Chair & CEO, discusses the automaker’s fourth-quarter results, investments in vehicle and battery production and the Biden administration's plan to increase electric-vehicle adoption. Megan Greene, Harvard Kennedy School Senior Fellow & Kroll Institute Global Chief Economist, says bad jobs day numbers on Friday shouldn't be a surprise. Evan Brown, UBS Head of Multi-Asset Strategy, says this will be Europe's year. Michael Nathanson, MoffettNathanson Senior Research Analyst, thinks people are underestimating the long-term value of Google's search.See omnystudio.com/listener for privacy information.

Patrick Harker, Federal Reserve Bank of Philadelphia President, says we need to move now to control inflation; advocating four 25-BP hikes this year. Alicia Levine, BNY Mellon Wealth Management Head of Equities & Capital Market Advisory, says 2022 is the year to be selective. Doug Kass, Seabreeze Partners President, says 2022 is going to be a down year for equities and January was the first shot across the bow. Sebastian Mallaby, "The Power Law" Author & CFR Senior Fellow for International Economics, discusses his research into the mysteries of the venture capital industry.See omnystudio.com/listener for privacy information.

Russ Koesterich, BlackRock Global Allocation Fund Portfolio Manager, says BlackRock's Base Case is still for equities to move higher. Sarah Hunt, Alpine Woods Capital Investors Portfolio Manager, says to buy the dip on some technology stocks. Lisa Hornby, Schroders Head of U.S. Multi-Sector Fixed Income, says they are being more cautious in their approach to risk-taking. George Friedman Geopolitical Futures Founder & Chairman, says Vladimir Putin is more interested in splintering NATO than invading Ukraine. Joshua Sharfstein, Johns Hopkins Bloomberg School of Public Health Vice Dean, says we're approaching the moment where we're going to see Covid start to fade into the background.See omnystudio.com/listener for privacy information.

Jean Boivin, Head of the BlackRock Investment Institute, says this is a restart, not a recovery. Saira Malik, Nuveen Chief Investment Officer, says a hawkish Fed doesn't mean the end of the bull market. Torsten Slok, Apollo Management Chief Economist, says the soft landing the Fed is trying to engineer becomes less likely as the market prices in more hikes. Peter Trubowicz, London School of Economics Professor of International Relations, says Biden's handling of the situation between Russia and the Ukraine is far cry from Afghanistan.See omnystudio.com/listener for privacy information.

Nicolai Tangen, Norwegian Sovereign Wealth Fund CEO, warns that days of high returns are over. Jonathan Gray, Blackstone President & COO, says investors should brace for a slowdown in deal activity for fast-growing companies. Margie Patel, Allspring Global Investments Senior Portfolio Manager, says the Fed is talking tougher than its actions and doesn't expect tapering until after March. Kathy Bostjancic, Oxford Economics Chief U.S. Financial Economist, expects disinflationary pressures to return once we're past the current inflation bump.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 new monthly program, Chief Future Officer, profiles these leaders and explores the impact they're making on their companies and industries. This episode focuses on Macy's CFO Adrian Mitchell. He sits down with Caroline Hyde to discuss how the retailer is accelerating its pivot to digital, repositioning its store portfolio, and allocating capital as it refines and advances its omnichannel strategy.See omnystudio.com/listener for privacy information.

Jeffrey Lacker, Former Richmond Fed President, expects inflation to be 4% or higher in 2022. Bob Michele, JPMorgan Asset Management CIO & Head of Global Fixed Income, Currency & Commodities, thinks the Fed is going to have to hike 25 basis points at every meeting. Marilyn Watson, BlackRock Head of Global Fundamental Fixed Income Strategy, says Fed quantitative tightening doesn't necessarily mean higher yields. Bruce Kasman, JPMorgan Chief Economist and Head of Global Economic Research, is expecting a pretty dramatic downward move in the U.S. economy in the first quarter.See omnystudio.com/listener for privacy information.

Chris Harvey, Wells Fargo Securities Head of Equity Strategy, says the recent rout in markets is a good opportunity to buy stocks. Glenn Hubbard, Columbia Professor of Economics, says Jerome Powell deserves a second term as Fed chair. Claudia Sahm, Jain Family Institute Senior Fellow, Former Federal Reserve Economist & Bloomberg Opinion Columnist, says we are not in a stagflationary environment. Winnie Cisar, Creditsights Global Head of Credit Strategy, says high-yield debt has become "much more attractive" after Monday's spike in market volatility. Alex Brideau, Eurasia Group, Eurasia Practice Head, says Ukraine's turn to the West is concerning for Putin.See omnystudio.com/listener for privacy information.

Thierry Wizman, Macquarie Capital Currency and Interest-Rate Strategist, says dollar weakness won't come at least until the second quarter. Philippe Etienne, the French ambassador to the U.S., says European nations and the U.S. are aligned in a strategy to deter Putin from taking any additional aggressive action. Victoria Fernandez, Crossmark Chief Market Strategist, says credit spreads are showing there is still support for equities. Neil Dutta, Renaissance Macro Research Head of U.S. Economic Research, says his optimism in the U.S. markets has not weakened.See omnystudio.com/listener for privacy information.