Bloomberg Surveillance

Amrita Sen, Energy Aspects Chief Oil Analyst, says oil production has to fall quickly for prices to recover. Karen G. Mills, Harvard Business School Senior Fellow and Former Head of U.S. Small Business Administration, says she is more optimistic about this next round of funding for small businesses. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, says the CDC need...

Greg Boutle, BNP Paribas US Head of Equity and Derivative Strategy, says equities are now more expensive than they were before the recent turmoil. Martijn Rats, Morgan Stanley Global Oil Strategist, says the restart of oil demand will likely be uneven across crude products so we'll likely see more driving before flying again. Kathy Hochul, New York Lieutenant Governor, says the state of New York i...

Jim Caron, Morgan Stanley Investment Management Fixed Income Portfolio Manager, says this is a bond picker's market and investors need to be selective. Erik Nielsen, UniCredit Group Chief Economist, says that this recession will be deep with a very brief duration. Josh Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engageme...

Tony Dwyer, Canaccord Genuity Chief Market Strategist, says he would not bet against the market and that this is a good time to remain neutral. Federal Reserve Bank of Cleveland President Loretta Mester says it’s going to take time for economy to reopen and that it needs to be done very carefully. Dr. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologis...

Savita Subramanian, Bank of America Head of U.S. Equity and Quantitative Strategy, says we're in a fast and furious market. Jason Farley, Johns Hopkins University Professor of Nursing, says we are being very resilient in our efforts to make sure we have enough personal protective equipment. Michelle Meyer, BofA Securities Head of U.S. Economics, says the latest U.S. jobless claims numbers suggest...

Joseph Stiglitz, Columbia University Professor, says Trump's decision to withhold W.H.O. funding is like defunding a fire department in the middle of a fire. Lauren Sauer Johns Hopkins University Assistant Professor of Emergency Medicine, says a coronavirus vaccine for the general public is likely one year away. Ken Leon, CFRA Director of Equity Research, says there is real risk in commercial real...

Tom Michaud, KBW CEO, says he has never seen a recession come this quickly and this hard. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, warns that earnings season will show collateral damage from the coronavirus pandemic. Jay Bryson, Wells Fargo Acting Chief Economist, says the unemployment rate will not go back to 3.5 percent this year. Michelle Patch, Johns Hopkins University...

Federal Reserve Vice Chairman Richard Clarida says the central bank has the tools needed to keep the U.S. out of a deflationary trap, even as the coronavirus deals a severe hit to the economy. Dennis Gartman, Retired Editor of the Gartman Letter, says this is a time to own gold. Betsy Graseck, Morgan Stanley Head of Banks & Diversified Finance Research looks ahead to bank earnings and discusse...

James Sweeney, Credit Suisse Chief Economist & CIO Americas, says the Fed is using the most aggressive tools it has to keep money flowing. Kristalina Georgieva, IMF Managing Director, says the world needs massive, well-targeted measures to help combat the coronavirus crisis. Ed Morse, Citi Research Global Head of Commodities, discusses President Trump's options if OPEC+ doesn't reach a deal. J...

Troy Gayeski, Skybridge Capital Partner Co-Chief Investment Officer & Senior Portfolio Manager, says if the market does not bottom until after Q2, there will be a much longer downside stretch than anticipated. Kathy Hochul, New York Lieutenant Governor, says broad virus testing is needed before the New York economy reopens. Stephen Roach, Yale University Professor, former Morgan Stanley Asia C...

Meredith Sumpter, Eurasia Group Head of Research Strategy, says China's global influence will increase during the coronavirus crisis. Gabriela Santos, JPM Asset Management Global Market Strategist, says that the U.S. may be one of the last countries to rid itself of the coronavirus crisis, from a health and economic perspective. William White, Former Chairman of the OECD Economic and Development R...

Charles Kantor, Neuberger Berman Long Short Fund Senior Portfolio Manager, is very bullish on America's recovery, saying there is more than enough federal stimulus for now. Joyce Chang, JPMorgan Chair of Global Research, says revisions on dividends and earnings will continue. Joshua Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Comm...

Jeffrey Rosenberg, Senior Portfolio Manager on BlackRock's Systematic Fixed Income Team, believes it will be a long time before consumer behavior and confidence is restored in the U.S. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says a strong social safety net will keep a coronavirus recession from becoming a depression. Larry Kudlow, National Economic Council Director, says he does not ex...

Lori Calvasina, RBC Capital Markets, says the end of March market rally was due to a positive reaction out of Washington. Jason Furman, Harvard University professor and Former Obama Economic Advisor, says there will be very high unemployment for the rest of this year and next year. Michael Gapen, Barclays Chief U.S. Economist, says March jobs report is already old news; jobless claims data is the...

Olivier Blanchard, Peterson Institute Senior Fellow, says getting the infection rate down is an absolute priority. Bill Dudley, Former New York Fed President, says the post-pandemic economic recovery will not be as powerful as hoped because of higher debt burdens. Abby Joseph Cohen, Goldman Sachs Advisory Director & Senior Investment Strategist, says that U.S. monetary and fiscal policy is mov...

Carmen Reinhart, Harvard Kennedy School Professor of the International Finance System, says the coronavirus, Saudi-Russia oil war, and risk of debt defaults have created a perfect storm for emerging markets. Mohamed Younis, Gallup Editor in Chief, reports that 52% of working Americans say their financial situation has already been affected by the coronavirus. Oliver Chen, Cowen Senior Equity Resea...

Francisco Blanch, Bank of America Global Head of Commodities & Derivatives Research, expects to see the steepest decline in global oil consumption before the summer. James Bullard, Federal Reserve Bank of St. Louis President, says the Fed has capacity to carry 10% more debt. Bruce Kasman, JPMorgan Chief Economist and Managing Director of Global Research, says he wouldn't be surprised to see mo...

Catherine Mann, Citi Global Chief Economist, says there will be no second half rebound in 2020 if businesses that do not borrow bonds go bankrupt. Robert Kaplan, Federal Reserve Bank of Dallas President, sees a substantial contraction in the second quarter, but says the economy will get stronger heading into 2021. Raphael Bostic, Federal Reserve Bank of Atlanta President, says the economy may rebo...

David Kelly, JPMorgan Asset Management Chief Global Strategist, says the economy should be held in suspended animation until coronavirus is under control. Tom Porcelli, RBC Capital Markets Chief U.S. Economist, says this is just the beginning of jobless claims being elevated. Leslie Vinjamuri, Chatham House Head of U.S. and Americas Programme, says the Senate's $2 trillion stimulus package is extr...

Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, believes we are entering a steep recession with tremendous policy response to follow. Raghuram Rajan, University of Chicago Booth School of Business Professor and former RBI Governor, discusses what India needs to do to combat the coronavirus crisis as the country locks down its population of 1.3 billion people. Carl Weinberg, High Frequenc...

Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says sellers are exhausted and a bottoming process is starting. Angela Rasmussen, Columbia University Virologist, says opening back up parts of the U.S. economy is a bad idea without further virus testing. Randall Kroszner, Former Federal Reserve Board Member, says the Fed's actions have been crucial in avoiding a financial crisis so...

Peter Hooper, Deutsche Bank Global Head of Economic Research, says there is no question that the economy is going into free-fall in the near term. Mike Darda, MKM Partners Chief Economist & Macro Strategist, says the Fed is starting to get some traction as the central bank announces a massive second wave of initiatives to support the U.S. economy. Diane Swonk, Grant Thornton Chief Economist, s...

Steve Wieting, Citi Private Bank Global Chief Investment Strategist, says this is a bad time to sell investments. Patrick Armstrong, Plurimi Wealth CIO, says earnings are going to be decimated for a lot of industries in Q2. Francisco Blanch, Bank of America Global Head of Commodities & Derivatives Research, says the hardest part of this crisis is not knowing the demand growth we'll get in Q2....

Jack Ablin, Cresset Wealth Advisors CIO & Founding Partner, explains why Modern Monetary Theory could be part of the fiscal and monetary policy response to the coronavirus crisis. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says I've never seen this kind of volatility in the treasury market. Nathan Sheets, PGIM Fixed Income Economist and Macroeconomic Research, says we shoul...

Gina Martin Adams, Bloomberg Intelligence Chief Equity Strategist, says signs are showing that a bottoming process has begun in stocks. Bill Dudley, Bloomberg Opinion Columnist & Former New York Fed President, says the Fed can do very little about the initial demand shock from the coronavirus. Carl Riccadonna, Bloomberg Economics Chief U.S. Economist, says the Fed is taking market stabilizing...