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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMay 8th, 2025
Featuring:
1) Nouriel Roubini, Professor Emeritus of Economics at NYU and chairman of Roubini Global Economics, joins to discuss the Fed decision and a recent op-ed on why he believes the US economy will survive the Trump shock and thrive. It comes as Fed Chair Jay Powell says he won't lower borrowing costs until there's more certainty on the direction of trade policy, which will have to come from the White House.
2) Ken Shinoda, Portfolio Manager at DoubleLine Capital, talks growth and inflation, signals from the bond market, and pressures in MBS market. Bond investors continue to search for clarity after Chair Powell suggested the Fed will wait for conviction on whether the next move is a cut based on the economy moving towards a recession or whether it's a move towards more restrictive policy due to high inflation becoming entrenched into the economy.
3) Richard Portes, professor at London Business School, joins in studio to talk tariffs and the dollar exchange rate, risks of a financial crisis, and a potential US-UK trade deal. The announcement is expected to boost the UK economy and markets, but investors will closely examine the extent to which Trump is willing to backtrack from his sweeping tariffs imposed on April 2.
4) Michael Nathanson, founding partner and Senior Research Analyst at Moffettnathanson, discusses his note on The Beginning of the End for Search in reaction to Apple's VP of Services comments. Apple is considering revamping Safari to focus on AI-powered search engines, potentially ending its longtime partnership with Google. Eddy Cue, Apple's senior vice president of services, believes AI search providers will eventually replace standard search engines like Google and that Apple will bring those options to Safari in the future.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ story on REAL ID Day and a NYT story on Agatha Christie, who died in 1976, teaching a class in AI.

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The Fed Decides and Rate Cuts Remain Uncertain

Bloomberg Surveillance

The Fed Decides and Rate Cuts Remain Uncertain