Equity Push Ahead of CPI

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyAugust 11th, 2025
Featuring:
1) Julian Emanuel, Chief Equity & Quantitative Strategist at Evercore ISI, joins to talk about the AI rally and whether there will be more choppiness in equities to end 2025. Stocks erased gains as traders dialed back optimism that a summit between US President Trump and Russia’s Vladimir Putin would bring the war in Ukraine closer to a resolution. Traders are also awaiting US inflation data on Tuesday to gauge the impact of tariffs on prices.
2) Lauren Saidel-Baker, Economist at ITR Economics, previews tomorrow's CPI report and talks about a well-positioned consumer in spite of a weakening labor market. US consumers probably experienced a slight pickup in underlying inflation in July as retailers raised prices on items subject to higher import duties. Higher US tariffs have started to filter through to consumers in categories such as household furnishings and recreational goods, but a separate measure of core services inflation has so far remained tame.
3) Angela Stent, Senior Fellow at the Brookings Institute, previews the Trump-Putin summit in Alaska. Markets initially found some reassurance in renewed diplomatic efforts to end the war in Ukraine, with President Trump and Russian president Vladimir Putin set to meet in Alaska on Friday, even as Ukrainian President Volodymyr Zelenskiy continues to reject ceding land. However, optimism in markets began to dim.
4) Geoffrey Meacham, Global Head of Healthcare at Citi, discusses his price targets across health stocks and why he's signaling a rebound for Eli Lilly after last week's drop.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ story on noise cameras becoming the new frontier in automated traffic enforcement and a Bloomberg News piece on sports entering its streaming era.

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