Surveillance: Potential Rate Cuts with RBC's Porcelli
Bob Michele, JPMorgan Asset Management CIO, warns U.S. Treasury yields are heading "all the way down to zero" over the next couple of years. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, explains why there is "no economic justification" for the Federal Reserve to cut rates. Gerard Cassidy, RBC Capital Markets Equity Research Director, discusses overall bank earnings, noting the numbers were "slightly below expectations" across the board. Shira Ovide, Bloomberg Opinion Columnist, says Netflix subscriber numbers are the one thing that investors care about...and they sunk. Michael Nathanson, MoffettNathanson Founding Partner, discusses why he was shocked by Netflix's results.
Surveillance: Bright Spot Is The Consumer, Marangi Says
Taylor Riggs, Bloomberg News Reporter, breaks down Bank of America's earnings. Chris Marangi, Gabelli Funds Co-Chief Investment Officer, recaps commonalities in the major bank reports. Bloomberg's Maria Tadeo calls in from Chantilly, France to discuss her conversation with French Finance Minister Bruno Le Maire and his distaste for Facebook's Libra. Mitch Roschelle, PWC Partner & Business Development Leader, examines June housing starts, noting U.S. new-home construction fell for a second month. Michael Feroli, JPMorgan Chief U.S. Economist, thinks a powerful consumer and strong government spending will keep the U.S. ahead. And Bloomberg's Nathan Hager remembers Supreme Court Justice John Paul Stevens in a special report.
Surveillance: The Sweet Spot of Banking with Michaud
Sonali Basak, Bloomberg News Investment Banking Reporter, notes JP Morgan's net interest is on the decline. Tom Michaud, KBW Chief Executive, discusses why the dynamic of smaller to larger banks is shifting. John Stoltzfus, Oppenheimer Co. Chief Investment Strategist, says financials are a good place to be as a shareholder. Taylor Riggs, Bloomberg Reporter, notes there were "no big surprises" in Wells Fargo's earnings. Mark McCormick, TD Bank Global Head of FX Strategy, explains how he gauges the dollar in the midst of trade tensions. Diane Swonk, Grant Thorton Chief Economist, discusses the "pretty stunning" gains in online retail sales.
Surveillance: Europe's New Leaders with Kirkegaard
Jacob Kirkegaard, Peterson Institute Senior Fellow, thinks Europe will have a pragmatic new leadership team if Ursula von der Leyen is approved for Commission president. Bloomberg's Taylor Riggs reacts to Citigroup's second-quarter results. Ken Leon, CFRA Director, Equity Research previews this week's bank earnings and is enthused about U.S. banks' new ability to return cash. Duncan Fox, Bloomberg Intelligence Senior Industry Analyst, sees AB InBev's Asian IPO Suspension as a signal that there is little room for consolidation in the region. Bloomberg Opinion Columnist Alex Webb and Greg Boutle of BNP Paribas discuss Alan Turing's legacy in artificial intelligence and mathematics as the U.K. announces him as the face of the new 50-pound note.
Surveillance: China Waiting on Huawei Details, Broderick Says
Willem Buiter, Citi Special Economic Adviser, says Europe is yet to clean up the banking system following the financial crisis. Jane Foley, Rabobank Head of FX Strategy, says the South African rand is the most obvious EM FX trade. Susan Lund, McKinsey Partner, discusses her report, "The Future of work in America." And Kelsey Broderick, Eurasia Group China Analyst, says President Trump and his trade negotiators have different goals in talks with China.