Markets React to Tariffs and Labor Concerns

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Rebecca Patterson & Claudia Sahm. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

5 Sep 3min

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneySeptember 5th, 2025Featuring:1) Claudia Sahm, Chief Economist at New Century Advisors, Amy Wu Silverman, Head of Derivatives Strategy at RBC, and Kristina Campmany, Senior Portfolio Manager at Invesco, react to the August jobs report and discuss the outlook for a rate cut. Money markets are fully pricing in a Fed quarter-point cut this month and see at least two by year-end.2) Ken Rogoff, professor at Harvard University, former IMF Chief economist, and author of "Our Dollar, Your Problem," joins to discuss the US economy and jobs market, as well as his book on the dollar and recent Foreign Affairs article on Washington's spending crisis.3) Rebecca Patterson, former Chief Investment Strategist at Bridgewater, joins for an extended discussion on jobs, economic data, and Fed independence. It comes as Stephen Miran, President Trump's pick for the Federal Reserve's Board of Governors, pushed back against Democratic concerns that he would do Trump's bidding at the central bank. His nomination has raised questions over Fed independence.4) Lisa Mateo joins with the latest headlines in newspapers across the US, including a Business Insider story on NFL fans streaming without cable, and Bloomberg's story on pizza-flavored vodka.See omnystudio.com/listener for privacy information.

5 Sep 46min

- Howard Lutnick, US Commerce Secretary- Jeffrey Rosenberg, Portfolio Manager: Systematic Multi-Strategy Fund at BlackRock- Stephanie Roth, Chief Economist at Wolfe Research- Michael Nathanson, Senior Analyst at Moffettnathanson Howard Lutnick, US Commerce Secretary, joins to discuss President Trump's economic priorities. Jeffrey Rosenberg, Portfolio Manager: Systematic Multi-Strategy Fund at BlackRock, and Stephanie Roth, Chief Economist at Wolfe Research, react to the August jobs report and discuss the outlook for a rate cut. Michael Nathanson, Senior Analyst at Moffettnathanson, breaks down the White House tech meeting Thursday night.See omnystudio.com/listener for privacy information.

5 Sep 34min

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Anna Wong & Constance Hunter. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

4 Sep 3min

- Omar Aguilar, CEO and CIO at Charles Schwab Investment Management- Subadra Rajappa, Head: US Rates Strategy at Societe Generale- Monica Guerra, Head: US Policy at Morgan Stanley- Brooke Roach, Analyst at Goldman Sachs Omar Aguilar, CEO and CIO at Charles Schwab Investment Management, joins to discuss his outlook for equities amid a weakening labor market and uncertain policy. Subadra Rajappa, Head: US Rates Strategy at Societe Generale, talks about the path for rate cuts should the jobs report for August show further labor weakness. Monica Guerra, Head: US Policy at Morgan Stanley, talks about President Trump's tariff regime and the latest on his economic and political priorities. Brooke Roach, Analyst at Goldman Sachs, talks about consumer and retail health.See omnystudio.com/listener for privacy information.

4 Sep 21min

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneySeptember 4th, 2025Featuring:1) Stuart Kaiser, Head: US Equity Trading Strategy at Citi, joins to discuss his S&P target, the broadening of the equity rally, and opportunities in small caps. Wall Street strategists see signs that investors are becoming more concerned about Federal Reserve independence as President Donald Trump seeks to impose his will on the central bank and pushes for interest-rate cuts.2) Constance Hunter, Chief Economist at EIU, discusses recent eco data and what it portends about the path of rate cuts in 2025, not just September. Positioning in stock, bond and gold markets suggests that investors are preparing for a potential rise in inflation, according to the team at JPMorgan Chase.3) Monica Guerra, Head of US Policy at Morgan Stanley Wealth Management, joins to discuss President Trump's economic and political priorities. President Trump asked the US Supreme Court to uphold his global tariffs, seeking review in a case that could affect trade and give him broad new leverage over the world economy.4) Ben McMillan, CIO at IDX Advisors, talks about the record rise in gold and the return of the bond vigilantes. Analysts at Goldman Sachs Group say that growing concerns regarding US institutional credibility are creating significant tail risks that could lead to commodity price spikes, including in gold.See omnystudio.com/listener for privacy information.

4 Sep 23min

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Wei Li & Mark Gurman. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACFSee omnystudio.com/listener for privacy information.

3 Sep 3min

- Nancy Lazar, Chief Global Economist at Piper Sandler- Mark Cabana, Head: US Rates Strategy at Bank of America- Libby Cantrill, Head: Public Policy at PIMCO- Kate McShane, Analyst at Goldman Sachs Nancy Lazar, Chief Global Economist at Piper Sandler, discusses recent eco data, US labor health, and growth of jobs in the private sector. Mark Cabana, Head: US Rates Strategy at Bank of America, talks about the outlook for interest rates in the US. Libby Cantrill, Head: Public Policy at PIMCO, joins to discuss the latest political headlines in Washington. Kate McShane, Analyst at Goldman Sachs, talks retail and consumer health.See omnystudio.com/listener for privacy information.

3 Sep 23min