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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyAugust 14th, 2025
Featuring:
1) Jim Bianco, founder at Bianco Research, joins for an extended discussion on the Fed and rate cuts, as he calls for the Fed to hold and believes an easing cycle would mark a serious policy error. US short-dated bonds yields are near their lowest level in more than three months, reflecting conviction among traders that the Federal Reserve will cut interest rates next month.
2) Dean Curnutt, CEO and founder at Macro Risk Advisors, joins to talk about the "GOAT Portfolio" and the volatility outlook as the Fed looks like it could soon ease monetary policy. Henry Allen, macro strategist for Deutsche Bank AG, said that "suddenly a 25 basis point rate cut seems fairly modest and achievable" in contrast to the large moves called for by Treasury Secretary Scott Bessent and President Donald Trump.
3) Cam Dawson, CIO at NewEdge Wealth, talks the resilience in equities and the pain trade as we get jobless claims and PPI.
4) Tina Fordham, founder at Fordham Global Foresight, joins for an extended look at geopolitical risks ahead of the Trump-Putin summit and how it will ripple through markets. President Trump warned he would impose "very severe consequences" if Vladimir Putin didn't agree to a ceasefire agreement. Trump said he hoped to use his meeting with Putin to set up a "quick second meeting" with Ukrainian leader Volodymyr Zelenskiy, and that he would "rate" the call with European leaders "a 10." Trump assured leaders that he wouldn't negotiate territories with Putin and would push the Russian leader to meet with Zelenskiy, according to multiple people briefed on the discussions.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ story on Walmart's newest employee benefit and the Financial Times' sotry on Italy expanding in the pet service industry.

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Outlook for Fed Easing and Trump-Putin

Bloomberg Surveillance