Bloomberg Surveillance

James Bullard, former St. Louis Fed president and current Purdue Business School dean, offers perspective on Fed policy, inflation, and oil shocks. Stephen Auth, EVP and CIO: Equity at Federated Global, outlines market outlook, portfolio positioning, oil-driven volatility and defensive sectors. They discuss how oil duration, market signals and policy risks shape returns and risk management.

Angelo Kourkafas, senior investment strategist at Edward Jones, on client reactions and disciplined positioning. Lisa Shalett, CIO at Morgan Stanley Wealth Management, on market resilience, thematic investing, and wealth positioning. Lindsay Rosner, head of multi-sector investing at GSAM, on geopolitical risk, oil effects, and sector moves. Troy Lutka, senior U.S. economist at SMBC Nikko, on CPI, Fed timing, and stagflation risks.

Conversations range from financial blind spots and why systemic banking risk may be easing to unknown loan exposures that still worry investors. The discussion then shifts to Washington and Pentagon briefings. Military strategy and the need for clear missions and exit plans take center stage.

Mark Shaw, former chief of staff to Mike Pence, offers perspective on US strategy and Middle East options. Nate Thooft, CIO at Manulife IM, breaks down market volatility, oil-driven inflation risks, and portfolio hedging beyond bonds. They discuss high oil’s growth and inflation tradeoffs, political and policy responses, and why volatility may persist in markets.

Jim Caron, Morgan Stanley CIO focused on macro and portfolio diversification. Andreas Utermann, veteran asset manager with a global macro and European politics lens. Patrick Murphy, former Undersecretary of the Army turned geopolitical advisor on defense and logistics. Ed Yardeni, market strategist known for macro probability frameworks. They debate energy-driven market risks, Strait of Hormuz choke-point dangers, private credit plumbing concerns, and inflation tied to oil.

Leslie Palti-Guzman, an LNG and energy markets specialist at Energy Vista, and Golnar Motevalli, a Bloomberg journalist and Iran analyst, discuss Qatar, LNG dynamics, and how conflicts shape oil markets. They also examine Iran’s political resilience and regional power shifts. Multiple short takes explore market responses and geopolitical implications.

Esther George, former Kansas City Fed president, speaks on inflation, policy tradeoffs and a fragile labor market. Jeannette Lowe, policy research MD at Strategas, analyzes geopolitics, Iran timelines and energy market shocks. Sarah Hunt, chief market strategist at Alpine Saxon Woods, breaks down equity risks from oil above $100 and sector rotation. Fast, topical and market-focused.

Golnar Motevalli, Bloomberg Middle East reporter covering Iran and regional geopolitics. Victoria Fernandez, Chief Market Strategist at Crossmark Global Investments. Leslie Palti-Guzman, founder of Energy Vista, energy risk analyst. Cameron Dawson, CIO at NewEdge Wealth on market behavior. They discuss Iran’s leadership shift and sustained strikes. They cover soaring oil, shipping and pipeline risks in the Gulf. They debate market volatility and portfolio positioning amid prolonged conflict.

Claudia Sahm, economist and founder of New Century Advisors, known for labor-market analysis, discusses recent U.S. jobs data and signs of a jobless expansion. Short takes cover interpreting weak labor signals and how they shape macro policy. Eric Van Nostrand joins to contrast market calm with hidden risks, including oil and Gulf traffic impacts.

Dan Jorgensen, European Commission Energy Commissioner — explains Europe’s diversifying away from Russian gas and the role of LNG. Christopher Waller, Federal Reserve Governor — discusses inflation dynamics, labor market signals, and how energy moves affect policy. French Hill, Republican Representative and Financial Services subcommittee chair — covers geopolitics, energy market disruptions, and defense supply concerns. Short, topical, and fast-paced.