Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with John Stoltzfus & Jay Bryson.

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- Jose Minaya, Global Head of BNY Investments & Wealth at BNY Wealth
- Steven Ricchiuto, Chief US Economist at Mizuho
- Jeannette Lowe, Director: Policy Research at Strategas Securities
- Angelo Zino, Head: Technology at CFRA Research

Jose Minaya, Global Head of BNY Investments & Wealth at BNY Wealth, joins to discuss his outlook for markets and a potential pullback in the equity rally. Steven Ricchiuto, Chief US Economist at Mizuho, discusses US economic bullishness amid continued policy uncertainty. Jeannette Lowe, Director: Policy Research at Strategas Securities, talks about President Trump's tariff proposals as the administration looked to deliver more clarity on tariff rates this week. Angelo Zino, Head: Technology at CFRA Research, discuss Nvidia's market cap record and the outlook for big tech.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyJuly 11th, 2025
Featuring:
1) John Stoltzfus, Chief Investment Strategist at Oppenheimer & Co., joins for an extended discussion on the sustainability of the equity rally and his S&P target as he remains one of Wall Street's leading bulls. Investor appetite for equities remain strong, driven by confidence in the US economy’s resilience and optimism ahead of earnings season, according to the text, with David Chao, a global market strategist at Invesco Asset Management, saying investors are having a “tariff fatigue”.
2) Michael Widmer, Head: Metals Research at Bank of America, joins to talk about President Trump's copper tariffs and how it's reshaping copper and other metals markets. President Trump’s plans to impose import tariffs on copper imports are set to include materials used for power grids, the military and data centers. Plans involve including semi-finished products, according to people familiar with the matter, which would include wires, sheets, tubes and plates.
3) Jurrien Timmer, Director: Global Macro Fidelity Management & Research, joins to discuss the "V-Shaped Rocket Ship." Despite yesterday's record finish for equities, strategists are sounding warnings about the impact of uncertain tariff policy on stocks, saying it could reduce the chances of a September rate cut and increase the chances of an economic slowdown.
4) Ellen Wald, Senior Fellow at the Atlantic Council, talks about Saudi Arabia raising oil prices more than expected and global oil demand. Saudi Arabia has raised prices for its main crude grade for Asian buyers in August by $1 to $2.20 a barrel more than the regional benchmark, exceeding expectations. The price increase comes as OPEC+ agrees to raise production by 548,000 barrels a day in August, which may contribute to a crude surplus later this year. Despite strong summer demand, traders expect the market to soften later this year as consumption wanes and OPEC+ increases contribute to a surplus of crude in storage.
5) Cam Dawson, CIO at NewEdge Wealth, talks about why she's dubbing the current equity rally as the "Honey Badger" market. US equities closed at a new all-time high on Thursday as investors parsed tariff headlines and looked ahead to corporate results.

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Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Andrew Sheets & Julian Emanuel.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

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- Mike Pence, former US Vice President
- Kaja Kallas, VP and Representative: Foreign Affairs & Security Policy at the European Commission
- Liz Ann Sonders, Chief Investment Strategist at Charles Schwab
- Liz Everett Krisberg, Head: Bank of America Institute

Mike Pence, former US Vice President, talks about the second Trump administration's economic and political priorities and the outlook for the Republican party. Kaja Kallas, VP and Representative: Foreign Affairs & Security Policy at the European Commission, analyzes the new trade relationship between Europe and the US. Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, talks about whether the equity rally will remain focused on tariffs or turn its attention to earnings. Liz Everett Krisberg, Head: Bank of America Institute, offers a gauge on the consumer with the Bank of America's latest Consumer Checkpoint Report.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyJuly 10th, 2025
Featuring:
1) NYC Mayor Eric Adams talks about his candidacy for re-election, the state of NYC and his former Democratic party, and working with President Trump amid federal funding fears. President Trump has been warning against the prospect of Zohran Mamdani winning the New York mayor’s race. Trump said New Yorkers should not vote for Mamdani in November, calling him a “communist,” and went so far as vaguely suggesting interest in exerting some federal influence on the city.
2) Julian Emanuel, Chief Equity & Quantitative Strategist at Evercore ISI, joins to talk about whether the "unstoppable" stock tear could come to a halt due to the latest tariff rates. Equity futures dipped amid uncertainty over the Trump administration’s trade policies as traders awaited a fresh catalyst for the next leg up in US stocks.
3) Andrew Sheets, Chief Cross Asset Strategist at Morgan Stanley, discusses his mid year global economic outlook and why, no matter the trade, all eyes will remain on US activity. Tariff headlines focused on country specific levies and copper have so far done little to derail a rebound that pushed US stocks to record highs.
4) Dominique Toublan, Head: US Credit Strategy at Barclays, talks about credit spreads and headwinds in fixed income markets. US Treasuries resumed their decline after Wednesday’s rebound, with the 10-year yield rising one basis point to 4.35%.
5) David Sowerby, Managing Director and Portfolio Manager at Ancora, joins in studio to discuss asset allocation, stock picks, and the market rally. Signs of continued economic strength, confidence in the upcoming earnings season and optimism for artificial intelligence have given traders the conviction to drive equities higher, even as doubts over trade policy persist.

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Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Nancy Lazar & Doug Irwin.

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- Jean Boivin, Global Head: Research at BlackRock Investment Institute
- Ed Mills, Washington Policy Analyst at Raymond James
- Kelly Ann Shaw, Partner at Akin Gump Strauss Hauer & Feld
- Nancy Lazar, Chief Global Economist at Piper Sandler

Jean Boivin, Global Head: Research at BlackRock Investment Institute, talks about how markets are pricing in President Trump firming his tariff deadline and what clarity means for investors. Ed Mills, Washington Policy Analyst at Raymond James, joins to discuss President Trump's economic priorities as he finalizes tariff rates and implementation. Kelly Ann Shaw, Partner at Akin Gump Strauss Hauer & Feld, talks about the latest turn in President Trump's tariff policy. Nancy Lazar, Chief Global Economist at Piper Sandler, talks about expectations for US and global growth and inflation.

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