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Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, talks PCE benign relative to expectations, ripple effects of spike in diesel prices still to come and signs that Great Moderation Era is in rearview mirror. She Spoke to Bloomberg's Tom Keene and Paul Sweeney.See omnystudio.com/listener for privacy information.
The former head of the US Securities and Exchange Commission warned about looming hurdles for artificial intelligence companies, citing competition with Chinese models and the potential for guardrails. He speaks with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
With President Trump set to meet Gulf leaders on the sidelines of this week’s UN meetings, the Iran war is likely to take center stage. Houthi attacks in Saudi Arabia and rising energy prices underscore the widening global toll of a war that has cost the US more than $43 billion, by the Pentagon’s latest estimate. Bloomberg Economics Defense Lead Becca Wasser and Dina Esfandiary, Middle East Geoeconomics Lead for Bloomberg Economics speak with Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
Nancy Lazar, Chief Global Economist at Piper Sandler, joins to discuss the Fed, labor market, and US economic outlook. She speaks with hosts Paul Sweeney and Jess Menton.See omnystudio.com/listener for privacy information.
Amanda Lynam, Chief Credit Strategist at Goldman Sachs, talks credit spreads and shares her outlook for fixed income amid a global bond selloff and relentlessly rising yields. She speaks with hosts Paul Sweeney and Jess Menton.See omnystudio.com/listener for privacy information.
Torsten Slok, Chief Economist at Apollo, talks Forbes list of wealthiest Americans and net worth of private business owners. Most top-end wealth in the US does not sit with a few household names but with millions of business owners in towns and mid-size cities across the country. He talks to Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
Dana Telsey, Chief Research Officer and Founder at Telsey Advisory Group, talks valuation method for target price and risks across one or more sectors for investment, including volatility of commodity costs, consumer spending, weaker consumer confidence and unemployment rates. She talks to Bloomberg's Tom Keene and Paul Sweeney.See omnystudio.com/listener for privacy information.
This week we're delighted to welcome back The Scotsman's Education Correspondent Catriona Stewart who sits down with Stuart Cosgrove to discuss the ramifications of the Cardiff Agreement, attainment in Scottish schools, who's better: Mulder or Scully, Rogue AIs and she also promotes Paul Sweeney MSP to First Minister... Recommendations Users by Beeban Kidron (Waterstones) Careless People by Sarah Wynn-Williams (Waterstones) Learn more about your ad choices. Visit megaphone.fm/adchoices
Has Scotland's parliament lost sight of the consensual model of politics on which it was founded? Exit interviews with outgoing members at Holyrood reveal a mood of frustration and disappointment according to research carried out by the IPPR think tank . Adrian Goldberg hears from Dave Hawkey, a senior research fellow at IPPR Scotland, and Paul Sweeney, Scottish Labour and Co-Op MSP for the Glasgow Region. Produced in Birmingham, UK by Adrian Goldberg and Harvey White. Learn more about your ad choices. Visit megaphone.fm/adchoices
Joe Daniels, Former President & CEO of the National September 11 Memorial & Museum, talks his experience on 9/11 and leading the transformation of Ground Zero and the lessons they taught you about leading through crisis. He talks to Bloomberg's Tom Keene and Paul Sweeney.See omnystudio.com/listener for privacy information.
An advance in oil prices sent stocks lower, fueling concerns about higher interest rates ahead of key inflation data. Money markets priced in an over 50% chance of a Federal Reserve rate increase this month, with the case for a hike hinging on government inflation data. For more, Jim Caron, CIO of Cross Asset Solutions at Morgan Stanley Investment Management, speaks with Bloomberg's Paul Sweeney. See omnystudio.com/listener for privacy information.
Nicole Bachaud, Labor Economist at ZipRecruiter, talks employment growth, job seekers bracing fewer opportunities and current labor market conditions. She talks to Bloomberg's Tom Keene and Paul Sweeney.See omnystudio.com/listener for privacy information.
Angelo Zino, SVP and Tech Lead at CFRA Research talks about Nvidia's blowout revenue forecast, the AI tech trade and more. He speaks with hosts Paul Sweeney and Alexis Christoforous.See omnystudio.com/listener for privacy information.
Today, Our Beloved Host, Morgan Friedman, is joined by Paul Sweeney, Founder of Pretium Solutions, Chartered Accountant, Business Growth Specialist, and host of The Business Behind Your Business. Paul shares a Client Horror Story about what happens when excitement, urgency, and trust take the place of contracts, structure, and basic business discipline. What begins as a promising opportunity quickly spirals into a company where employees have different promises, two people think they're the CEO, lawyers are brought in to clean up avoidable problems, and Paul himself goes months without getting paid.The company had a huge opportunity in front of it: investors, a product in development, plans to become a public company, and plenty of people eager to make things happen. But in the rush to move forward, basic processes were skipped. Contracts weren't signed. Promises weren't documented. Employees were hired before the product was ready. And eventually, Paul realized the company had promised far more than it could possibly afford.As the problems pile up, Paul finds himself caught in the middle of a fractured company, with disagreements over money, responsibilities, leadership, and who was actually in charge. At one point, two different people believed they were the CEO. Meanwhile, Paul was being asked to solve the company's financial problems while still waiting to be paid himself.What makes the story particularly striking is that Paul was 42 when all of this happened—and advising others on exactly these kinds of business issues. Looking back, he recognizes how a long-standing relationship, the excitement of a major opportunity, and his own transition between businesses caused him to ignore safeguards he normally would have recommended to anyone else.Morgan FriedmanPaul's WebsitePaul's LinkedInPaul's InstagramPaul's FacebookPaul's YouTube Channel
George Bory, Chief Investment Strategist: Fixed Income at Allspring Global Investments, says bond markets face a structural supply challenge from AI infrastructure spending, with hyperscalers expected to finance a significant share of a multitrillion-dollar data center buildout through bonds, loans and securitized debt. He spoke to Bloomberg's Tom Keene and Paul Sweeney.See omnystudio.com/listener for privacy information.
Charles Schwab Chief Investment Strategist Liz Ann Sonders says we're reverting back to the "temperamental era" of the 1960s - 1990s. She discusses further with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
Steven Major, global macro advisor at Tradition Dubai, says some bonds may be getting "twitchy" further out on the curve. He says the US Treasury is not doing any favors for the taxpayer "by issuing long bonds north north of 5% yield." He speaks with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
The US government sold 30-year bonds at the highest interest rate in a quarter century, a testament to investors’ demand for greater compensation to finance the nation’s growing deficit.Priya Misra, Portfolio Manager: Core Plus Bond Fund at JPMorgan Asset Management, discusses the bond market and how the Fed is digesting recent economic data with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
Ed Yardeni, president of Yardeni Research, says he has a case of "FEMO," or fabulous earnings momentum, adding that earnings are driving the markets higher. He spoke to Bloomberg's Tom Keene and Paul Sweeney on Bloomberg Radio.See omnystudio.com/listener for privacy information.
Pimco Head of Short-Term Portfolio Management Jerome Schneider discusses liquidity framework in the broader marketplace and whether he sees a hike/hold/cut by the Fed in the next meeting. He speaks with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
Jim Caron, CIO of portfolio solutions for Morgan Stanley Investment Management, says a hot CPI report on Wednesday could cause problems for the Federal Reserve. Caron says higher nominal growth is driving equity prices higher. He speaks with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
Aggressive AI spending plans by Amazon.com Inc., Microsoft Corp. and Alphabet Inc. provided fresh evidence that demand for chips and related equipment will remain strong, offering relief to a sector that’s been battered in recent days. Amazon boosted its forecast for full-year capital expenditures to $220 billion on Thursday, up from a previous estimate of $200 billion, with Chief Executive Officer Andy Jassy saying most of that spending will go toward artificial intelligence. The outlook was part of a rush of earnings reports delivered by so-called hyperscalers — the world’s largest cloud computing providers — and they showed there’s been no letup in ambitions for building AI infrastructure. For more, we get reaction from Dan Ives, Partner at Yorkville and Ives. He speaks with Tom Keene and Paul Sweeney on Bloomberg Surveillance.See omnystudio.com/listener for privacy information.
The US earnings season suggests companies are successfully defending profits against a difficult macro backdrop, even as weaker revenue beats and deteriorating estimate revisions point to lingering pressure beneath the surface, according to RBC strategists Lori Calvasina and Amy Wu Silverman. They speak with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
Amanda Lynam, chief credit strategist at Goldman Sachs discusses discuss the state of private credit with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
On today's episode of Holyrood Sources, Calum Macdonald, Geoff Aberdein and Andy Maciver are joined by Scottish Labour MSP, Paul Sweeney to discuss the shock news that Anas Sarwar is set to resign to join new PM Andy Burnham's team in Westminster.What will Sarwar's departure mean for Scottish Labour and the UK Labour Party overall.Has Sarwar blindsided his Holyrood colleagues by accepting a job out of the blue?And what kind of leader is Burnham going to be, now he is officially the top dog in Westminster? Hosted on Acast. See acast.com/privacy for more information.
Apple's lawsuit accusing OpenAI of systematically stealing its intellectual property threatens to disrupt the AI company’s device ambitions long before the case is resolved. Bloomberg's Mark Gurman joins Tom Keene and Paul Sweeney on "Bloomberg Surveillance"See omnystudio.com/listener for privacy information.
Marques Colston, former NFL Wide receiver and founder of the Champion Fund, discusses the Champion Fund, a professionally managed interval fund that gives investors access to private sports-related assets. Colston spoke with Bloomberg's Tom Keene and Paul Sweeney.See omnystudio.com/listener for privacy information.
Brian Belski, CEO and founder at Humilis Investments, joins Bloomberg's Tom Keene and Paul Sweeney for an extended discussion on the equity rally and his favorite contrarian sectorSee omnystudio.com/listener for privacy information.
Claudia Sahm, Chief Economist at New Century Advisors, brings us into the jobs report for the month of June with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
Bob Michele, global head of fixed income at JPMorgan Asset Management, explains the factors he sees leading the Federal Reserve to raise interest rates “once or twice” next year, but not engage in a “dramatic hiking cycle.” He speaks with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
The US Supreme Court ruled that Federal Reserve Governor Lisa Cook can stay in her job for now, reinforcing the central bank’s independence from the White House and dealing a setback to President Donald Trump.In a separate ruling, the court expanded the president’s power to fire top government officials at other federal agencies.Voting 5-4, the high court said Cook can remain at the Fed while she fights Trump’s bid to oust her over unproven mortgage fraud allegations. Chief Justice John Roberts and Justice Brett Kavanaugh joined the three liberals in the majority. Bloomberg's Paul Sweeney and Scarlet Fu got reaction from: June Grasso, Bloomberg Law Host Elliot Stein, Bloomberg Intelligence litigation analyst Tyler Kendall, Bloomberg Washington correspondent Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor See omnystudio.com/listener for privacy information.
Dan Ives, global head of tech research and senior equity analyst at Wedbush Securities, discusses the importance of Wednesday’s earnings from Micron Technologies, tech spending on capex and the AI buildout, and how he views public-private partnerships on AI companies. He speaks with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
Linda Cohn is an American sportscaster. She has anchored ESPN's SportsCenter since 1992. She speaks with Paul Sweeney and Scarlet Fu. See omnystudio.com/listener for privacy information.
Federal Reserve Chairman Kevin Warsh recently presided over his first policy meeting since taking the helm of the US central bank, vowing to restore price stability as officials signaled growing support for interest-rate hikes this year. Meanwhile, a key gauge of underlying euro-area price pressures was stronger than initially reported, supporting European Central Bank policymakers’ concerns about lingering inflation risks from the conflict in the Middle East. Former New York Fed President and Bloomberg Opinion Columnist Bill Dudley joins Bloomberg Surveillance with Tom Keene and Paul Sweeney on Bloomberg Radio Tuesday morning to discuss the regime change at the Fed and Alan Greenspan's legacy.See omnystudio.com/listener for privacy information.
Former SEC Chairman Gary Gensler says AI leaders and hyperscalers need to generate meaningful revenue and productivity gains to meet current market conditions. Speaking to Tom Keene and Paul Sweeney on Bloomberg Radio, Gensler also warned that as investors consider selling shares in highly-valued IPOs like SpaceX, it could create a broader downward effect on the market as a whole.See omnystudio.com/listener for privacy information.
Alan Greenspan has died at the age of 100. The former Federal Reserve Chairman died on Monday at his home, NBC News reported, citing his wife, Andrea Mitchell. The cause was complications of Parkinson’s disease. Greenspan was proclaimed a wizard for guiding a then-record US economic expansion, only to see his luster dimmed by the financial crisis that erupted less than two years after he stepped down. Bloomberg's David Westin, Paul Sweeney and Isabelle Lee look back at the life and legacy of Alan Greenspan, along with James Egelhof, Chief US Economist at BNP Paribas, and John Micklethwait, Editor-in-Chief at Bloomberg News.See omnystudio.com/listener for privacy information.
Yardeni Research Founder & President Ed Yardeni joins Bloomberg's Tom Keene and Paul Sweeney on Bloomberg Surveillance to discuss the current state of the market, why the bull market won't go down, and more.See omnystudio.com/listener for privacy information.
HPE President & CEO Antonio Neri talks with Bloomberg's Paul Sweeney and Scarlet Fu on Bloomberg Intelligence about how AI usage is helping grow the company and how important it is as a tech company to see the acceleration of AISee omnystudio.com/listener for privacy information.
Mike Wilson, Morgan Stanley Chief US Equity Strategist, joins Bloomberg's Paul Sweeney and Matt Miller on Bloomberg Surveillance to discuss the current data that Morgan Stanley is collecting regarding AI.See omnystudio.com/listener for privacy information.
Why Profitable Businesses Still Feel Under Pressure
Bloomberg Sports Reporter Jon Stashower joins Bloomberg's Tom Keene and Paul Sweeney on Bloomberg Surveillance to break down Game 4 of the NBA Finals after the New York Knicks overcame a 29-point deficit in the second half to beat the San Antonio Spurs 107 to 106. The Knicks now possess a 3-1 series lead over the Spurs and are one win away from hoisting the Larry O'Brien Trophy.See omnystudio.com/listener for privacy information.
Jim Bianco, founder at Bianco Research, talks about why he's long called financial conditions too loose, whether he's still in the rate hike camp, and the ramifications of a post-pandemic economy. Jim also discusses how the Knicks compare to the 2016 Chicago Cubs. He speaks with Bloomberg's Tom Keene and Paul Sweeney.See omnystudio.com/listener for privacy information.
Claudia Sahm, Chief Economist at New Century Advisors, joins Bloomberg's Tom Keene and Paul Sweeney on Bloomberg Surveillance to discuss jobs numbers.See omnystudio.com/listener for privacy information.
Kevin Gordon, Head of Macro Research and Strategy for the Schwab Center for Financial Research at Charles Schwab, discusses the equity reaction to May jobs. Gordon spoke with Bloomberg's Tom Keene and Paul Sweeney.See omnystudio.com/listener for privacy information.
Gautam Mukunda, lecturer at Yale University and Bloomberg Opinion columnist, joins to discuss the latest DC headlines and how the Trump admin is looking ahead to the midterms. He speaks with Tom Keene and Paul Sweeney.See omnystudio.com/listener for privacy information.
Meredith Whitney, CEO at Meredith Whitney Advisory Group discusses the on-going market impact of the war in Iran, consumer health, the labor market and more. She speaks with hosts Tom Keene and Paul Sweeney.See omnystudio.com/listener for privacy information.
Chad Brown, Senior Fellow at the Peterson Institute, discusses his new book, "How to Win a Trade War" with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
Ivan Feinseth, CIO at Tigress Financial speaks on Nvidia's earnings, the news of OpenAI and SpaceX filing for an IPO and latest thoughts on tech stocks with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
SMBC Nikko Securities America chief economist for the Americas Joe Lavorgna speaks inflation, US economy, and bond market with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.
MTA Chair Janno Lieber joins Tom Keene and Paul Sweeney on "Bloomberg Surveillance Radio" to discuss the ongoing LIRR strike and the potential timeline of a resolution. See omnystudio.com/listener for privacy information.