Bloomberg Surveillance

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.See omnystudio.com/listener for privacy information.

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 HostTerry Haines Pangaea Policy FounderGregory Giroux Bloomberg Government ReporterEmily Wilkins Bloomberg Government ReporterSee omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.