Business
Bloomberg Surveillance 5/18/2022: Consumers Squeezed
Tom Keene, Jonathan Ferro and Lisa Abramowicz have the economy and the markets “under surveillance” as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets. This show is simulcast worldwide on Bloomberg Television and Radio.
On the show:
Consumers Squeezed
$6 gas
Oil prices
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Warsh reiterated that policymakers have a “firm, fixed target” of 2% inflation at the 2026 Jackson Hole Economic Policy Symposium. Bloomberg’s Maria Eloisa Capurro explains.
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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Columbia Business School Professor Abby Joseph Cohen, Loop Capital Markets Consumer Sector Head, Senior Research Analyst Anthony Chukumba, The Conference Board CEO Steve Odland, Man Group Chief Market Strategist Kristina Hooper, Willow Wealth CEO Mitchell Caplan, McGraw Hill CEO Philip Moyer, Unifor National President Lana Payne, & Wedbush Securities Managing Director, Equity Research Matt Bryson.
Chapters:
00:00:00 Bloomberg The Close
00:02:51 Abby Joseph Cohen on Markets, Consumers & the Economy
00:07:24 AI Spending, Productivity & the Sustainability Question
00:11:42 Jackson Hole Preview & Kevin Warsh’s Fed Strategy
00:15:27 Nvidia, OpenAI & the AI Trade Ahead of Earnings
00:17:23 Top Calls
00:18:15 Dick’s Sporting Goods Plunges on Foot Locker Troubles
00:22:38 Consumer Confidence Falls as Inflation Anxiety Builds
00:25:13 Consumer Debt, Spending & the Risk to Economic Growth
00:27:48 CEO vs. Consumer Confidence & the Holiday Retail Outlook
00:30:29 Stock of the Hour: Super Micro Jumps on Cisco Partnership
00:32:09 Cisco, Super Micro & the AI Infrastructure Buildout
00:37:37 Man Group on Treasury Intervention, Yields & Fed Policy
00:41:01 AI Debt, Inflation & the Jackson Hole Outlook
00:43:27 Closing Bell
00:45:47 Intuit Earnings & the SaaS Selloff
00:47:29 Market Movers: Moderna, Nvidia & Resolve AI
00:49:08 Dick’s Worst Day Ever Raises Questions About Foot Locker
00:50:50 Zoom & Box Earnings Hit After the Bell
00:52:44 AI and the “SaaS-pocalypse” Debate
00:54:31 Market Recap: Nvidia Rebounds as Oil & Yields Fall
00:55:39 Mitch Caplan on Retail Investors & Private Markets
00:57:22 Private Credit, Higher Yields & the New 60/40 Portfolio
01:00:01 Why Companies Are Staying Private Longer
01:01:24 Private Market Liquidity & Access for Retail Investors
01:02:47 Private Assets in 401(k)s & Vanguard’s Zero-Allocation Call
01:05:54 After-Hours Movers: Intuit, Zoom & Box
01:08:12 McGraw Hill CEO on AI, Education & the Future of Learning
01:10:15 How Teachers and Students Should Use AI
01:12:06 McGraw Hill’s Agentic AI Strategy
01:13:28 Screen-Time Backlash & the Return of Print
01:16:29 U.S.-Canada Trade War Escalates
01:17:35 Unifor President on Auto Tariffs & North American Manufacturing
01:20:18 Canada’s Response to the U.S. Trade War
01:24:20 Nvidia Earnings Preview: Can AI Growth Keep Delivering?
01:25:49 Nvidia’s Next Growth Engine & Rising Chip Competition
01:28:23 What to Watch
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Ed Morris, Senior Adviser and Commodities Expert, discusses the recent fall in Brent crude oil prices. The decline is attributed to market attention on the potential impact of Iran sanctions, which are influencing supply expectations and investor sentiment in the commodities market. He speaks with Romaine Bostick on “The Close.”
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“The fundamental thing that’s really important is unemployment is low, and people have jobs. As long as we have that, I think the lower-end customer holds in,” says Citizens Financial Chairman and CEO Bruce Van Saun.
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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Today’s guests: Kenneth Rogoff, Harvard Professor of Economics, and Nela Richardson, ADP Chief Economist & ESG Officer.
Chapters:
00:00:00 – Bloomberg Money Begins
00:03:14 – Bloomberg’s Enda Curran Discusses Kevin Warsh’s Comments in Jackson Hole
00:06:11 – Bloomberg’s Nikki Waller and Stacey Vanek Smith Talk About the News Impacting Your Money
00:12:23 – Kenneth Rogoff, Harvard Professor of Economics
00:20:29 – Tom Keene Provides His Final Thoughts from Jackson Hole
00:21:42 – Bloomberg’s Taylor Nicole Rogers on US Employers Abandoning Health Insurance as Price Hikes Bite
00:24:43 – Nela Richardson, ADP Chief Economist & ESG Officer
00:33:28 – Bloomberg’s Sarah Foster and Zijia Song Discuss People Without Kids Hacking 529 Accounts
00:41:35 – Scarlet Fu and Christina Ruffini Talk About Upcoming Events Impacting Your Money
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More on Bloomberg Television and Markets
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@DivestedEntity
January 12, 2024 at 8:04 pm
PEOPLE ARE SO DUMB – THIS IS ALL THE ROTHSCHILD FAMILY AND ALL WHO WORK WITH THEM SQUEEZING AS MUCH MONEY OUT OF OIL AS POSSIBLE BEFORE ELECTRIC VEHICLES TAKE OVER ! SIMPLE FACT
@jermainewoodson5792
January 12, 2024 at 8:04 pm
Light , Mr. Jung
@jerryearick4943
January 12, 2024 at 8:04 pm
I People or so behind
@brandon-fjb2235
January 12, 2024 at 8:04 pm
ELECTION HAD CONSEQUENCES…LET'S GO BRANDON
@pt265
January 12, 2024 at 8:04 pm
,Weaker companies will go out of business, and the surviving strong companies like Amazon will get new customers from the companies that closed. Buy Amazon stock while it's low.
@pt265
January 12, 2024 at 8:04 pm
Last weekend, I drove 1000 miles. We saw many many semitrucks which were Amazon Prime. Buy Amazon. We did not see trucks by Target or Walmart.
@pt265
January 12, 2024 at 8:04 pm
Back to school will increase retail sales. I have to buy the kids a new Apple Macbook and iPad and dorm stuff.
@pt265
January 12, 2024 at 8:04 pm
Chinese stocks:..How much do you want to lose?
,.,Russia is in bed with China.. chinese stocks…SELL, SELL, SELL!! Don't be a traitor to the U.S. It's blood money. companies must share their profits with the communist party.
.China's covid today is worse than in 2020.
Just like in 2020, covid starts in China and will spread all over the world.
With Biden in charge instead of Trump, there will be a 100% lockdown sooner.
Covid in China is worse than in 2020. UK has a covid spike. FAAMG are the safe covid stocks.
Alibaba and Tencent layoff 20%, they must be having financial trouble which doesn't match their financial statements; the world has shortages so you'd think they'd hire more people to make products instead of laying off workers.
Don't give America's enemies the time of the day let alone your money.
@abijitpal4050
January 12, 2024 at 8:04 pm
Top secret sir,
My deep analysis is right.
@donemigholzjr.7344
January 12, 2024 at 8:04 pm
Trump introduced standardized bribes and kick backs to the Global supply chains. The USA must have a universal reversal of everything Trump did as President. Convict Trump of everything he did then nullify his presidency is the only possibility. Otherwise each individual Bribe and kickback must be investigated by both nation's involved. Every contract, law, agreement…. must be ripped up going back to 2016.
@truepersona6804
January 12, 2024 at 8:04 pm
The Fed can't save the USA stock exchange because it's a fuking BLACK HOLE created by fiat $ currency.
The good old days of cheap Fed money through QE are over. Before buying any stock make sure the Price to Earning PE is less than FOUR !?! The 99% of S&P500 are living on borrowed time and money with very high or no PE even after the mini crash !
@bibibibi9457
January 12, 2024 at 8:04 pm
Hallo FBI-So you are OK to allow this Mafia Malta slavery who use MLK-ULTRA RECESSION PENDING in UK/EU – @AOC launched a repeat of the 2007-2009 Housing Mortgage MORATORIUM disaster-you should write a filmscript – About: How corrupt lawfirms steal commercial projects via hacking using the NSO GROUP HACKWARE PEGASUS and abusing the Malta Communications Authority equipment by the Henley Partnership which has hundreds of so called lawyers now ready to pounce on the seized Russian Oligarchs assets including super yachts-1st they sell them UK/EU PASSPORTS than they confiscate all their assets via Bogus Court assets-example "come to the 27th May Malta Court hearing to see this Ndrangheta Mafia Court hearing (criminal network names available along with the terrorist network members
@thickcheeks9603
January 12, 2024 at 8:04 pm
they are soo pissed about Target not watching bloomberg surveillance XD , Since this morning they are like, we've been saying for 12 months now that the consumers are gonna bee squeeze.
@gideonbeverly2516
January 12, 2024 at 8:04 pm
Keeping it simple again but a bit longer. In my opinion I think these guys and young lady have cracked the code to give the public a great and informative show. Once again my love these guys
@ccpj0eyb319
January 12, 2024 at 8:04 pm
We don’t use boring formulas at the federal reserve. We simply eyeball inflation 🤙🚀🚀🌙
@philipcormier3075
January 12, 2024 at 8:04 pm
The sound of the Bell and people clapping on Wall Street every time the market goes up must stop! No one is fooled by the clapping in the Bell anymore! Stop being arrogant about small gains! No one being motivated by the clapping anymore! Wall Street is becoming a joke! Wall Street is becoming a clown 🤡
@philipcormier3075
January 12, 2024 at 8:04 pm
America is a fallen Nation!
@philipcormier3075
January 12, 2024 at 8:04 pm
Nothing will save America!
@philipcormier3075
January 12, 2024 at 8:04 pm
Think positive all you want
@philipcormier3075
January 12, 2024 at 8:04 pm
Nothing will save the stock market
@philipcormier3075
January 12, 2024 at 8:04 pm
Nothing will save America!
@BritishBillionaire
January 12, 2024 at 8:04 pm
Can I begin working here please?