Synopsis
Carol Massar and Michael McKee speak with analysts and fund managers who advise investors on stock picks. Drawing upon Bloomberg news and data, timely investment strategies are analyzed and debated by the top minds on Wall Street. Breaking news,earnings reports and market updates round out an informative and compelling wrap-up to the day's action. Hosted by Michael McKee, Kathleen Hays
Episodes
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Amazon’s Growth Boils Down to Two Words: ’Alexa Listening,’ Garrity Says
23/06/2017 Duration: 33minDavid Garrity, CEO of GVA Research and a columnist at Investopedia, talks about the outlook for Amazon and how it could exploit its predatory pricing position. Alan McKnight, CIO of wealth management at Regions Bank, discusses current investment strategy and the disconnect between investor expectations and market realities. Jonathan Gruber, an Obamacare architect and economics professor at MIT, tells Pimm Fox and Lisa Abramowicz why the Senate Trumpcare bill accomplishes nothing except a giant tax break for the wealthy. Finally, Thomas Black, an industrial reporter at Bloomberg in Dallas, talks about CSX CEO Hunter Harrison moving trains to be faster and on time, and the push for automation.
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Trumpcare Bill Doesn't Age Well, Nisen Says
22/06/2017 Duration: 26minMax Nisen, a Bloomberg Gadfly columnist covering health care, says the Senate Trumpcare bill doesn't age well. John Kilduff, a founding partner of Again Capital, tells Pimm Fox and Lisa Abramowicz why oil will likely dip into the $30 range. Bloomberg's Michael Sasso and Deena Kamel discuss news that Qatar Airways is taking a state in American Airlines. Finally, Brendan Brown, chief economist and head of economic research at Mitsubishi UFJ Securities, talks about asset price inflation and how Trump and the GOP have squandered the opportunity to tackle monetary disorder.
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Western Union's Looking at Digital Currency, But Not Ready Yet
21/06/2017 Duration: 28minOdilon Almeida, the president of global money transfer at Western Union, discusses his outlook for the rapidly expanding role of digital global money transfer. Logan Mohtashami, a senior loan officer at AMC Lending Group, tells Pimm Fox and Lisa Abramowicz why he doesn't anticipate any housing crash. Brendan Ahern, the chief investment officer at KraneShares, discusses the impact of China stocks winning MSCI inclusion. Finally, David Kudla, CEO and chief investment strategist at Mainstay Capital, talks about markets and investments, the Fed and where he's seeing value.
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How The Shrinking Immigrant Pool Is Creating a Labor Shortage
20/06/2017 Duration: 21minBloomberg's Michelle Jamrisko tells Pimm Fox and Lisa Abramowicz how the shrinking pool of undocumented immigrants is creating a growing shortage of agriculture workers in the U.S. Then, Vincent Piazza, a senior equity energy analyst and global sector leader at Bloomberg Intelligence, talks about oil prices and the EQT-Rice Energy deal. Simon Ballard, a global credit strategist at Bloomberg in London, discusses new issue volumes and why he sees red flags with investors chasing yield in sub-investment grade credits. Finally, Cory Johnson, an editor-at-large at Bloomberg and co-host of Bloomberg Markets, talks about Blue Apron's IPO and outlook.
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Fed Won't Have Your Back, Salient's Hunt Says
19/06/2017 Duration: 25minSalient's Ben Hunt talks about how the Fed's new "reaction function" to data won't be as investor-friendly as was before. Stephen Gandel, a Bloomberg Gadfly columnist, tells Pimm Fox why there's little reason to fear an "Amazonopoly" with the Whole Foods deal. Bloomberg IPO reporter Alex Barinka talks about Blue Apron's IPO and how the Amazon-Whole Foods deal may have impacted the offering. Finally, Bloomberg's Yalman Onaran discusses how easier bank stress tests could mean U.S. banks will put about $30 billion more cash in shareholder's pockets.
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What Whole Foods Means for Amazon's Foray Into Food
16/06/2017 Duration: 28minBloomberg Gadfly columnist Shira Ovide talks about Amazon's deal to buy Whole Foods and what it means for Amazon's foray into food. Bloomberg's Katherine Chiglinsky discusses GE's $31 billion pension shortfall. Michael Rea, the founder and CEO of RX Savings Solutions, talks about news that Nevada is forcing drugmakers to reveal insulin pricing. Finally, Terrell Gates, the founder and CEO of private equity firm Virtus Real Estate Capital, discusses home prices and issues of quality affordable housing, as rental rates outpace real wage growth.
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American Airlines CEO on Fast Flights With Private Air Traffic
15/06/2017 Duration: 27minLive from Pershing's INSITE 2017 conference at the Manchester Grand Hyatt in San Diego. Doug Parker, American Airlines chairman and CEO, talks about the outlook for the airline industry, privatizing air traffic control and the impact of the travel ban. David Mazza, the head of beta solutions investment marketing and ETF specialists at Oppenheimer Funds, discusses smart beta and multi-factor strategies and how they will affect the industry in the future. Finally, Marvin Loh, a senior global market strategist at BNY Melon, talks about the debate over whether interest rates are heading up or down.
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Lack of Talent's the Main Challenge in Advisory, Tibergien Says
14/06/2017 Duration: 24minMark Tibergien, CEO of Pershing Advisor Solutions, discusses advisory trends, the needs of high net-worth investors and the future of the financial services industry. Simon Roy, the president and CEO of Invesco's robo-adviser, Jemstep, talks about upending the wealth management industry and why the financial future lies with bionic advisers.
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What Happens to Economic Growth if Trumponomics Is Trampled?
13/06/2017 Duration: 27minCarl Riccadonna, the chief U.S. economist at Bloomberg Intelligence, tells Pimm Fox and Lisa Abramowicz why he's downgrading the medium-term outlook for U.S. economic growth and asks what remains if Trumponomics is trampled. Former Sears Canada CEO Mark Cohen, the director of retail sales and an adjunct professor at Columbia Business School, talks about Sears and why it has completely lost its viability. John Veihmeyer, KPMG's global chairman, discusses KPMG's CEO outlook report, which details CEO top priorities over the next three years. Finally, Jim Paulsen, the former chief investment strategist at Wells Capital Management, says he still sees more upside to the market.
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Apple at Risk if iPhones Don't "Sell Like Hotcakes," Ovide Says
12/06/2017 Duration: 27minShira Ovide, a technology columnist at Bloomberg Gadfly, talks about the technology rout and the expectations for Apple's next iPhone. Damian Sassower, a fixed income strategist at Bloomberg Intelligence, discusses the deteriorating credit quality in emerging markets. Jeff Korzenik, the chief investment strategist at Fifth Third Bank, talks about the divide between big business and small business. Finally, Andrew Essex, CEO of Tribeca Enterprises, discusses his new book, "The End of Advertising: Why It Had to Die, and the Creative Resurrection to Come."
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U.K. Election Raises Power of the Remainers, Blanchflower Says
09/06/2017 Duration: 27minDanny Blanchflower, a professor of economics at Dartmouth College, talks about the geopolitical and economic outlook following the U.K. election. Doug Ciocca, CEO and partner at Kavar Capital, discusses the malaise in the markets after major geopolitical events. John Butler, a senior telecom services and equipment analyst at Bloomberg Intelligence, talks about how Apple's new iPhone is missing out on higher-speed data links and Verizon's decision to cut 2,100 jobs after its merger with Yahoo. Finally, Jenna Giannelli, a high-yield analyst at Citibank, gives a macro look at Nordstrom's privatization.
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Cities Get Incentives for Working With PE, Carlyle COO Says
07/06/2017 Duration: 28minGlenn Youngkin, president and chief operating officer of the Carlyle Group, talks about incentives that cities get by forming partnerships with private equity to fund infrastructure spending. Kristi Mitchem, CEO of Wells Fargo Asset Management, discusses passive versus active investing and the impact of geopolitics on markets. Emmanuel Sharef, a residential housing analytics specialist at PIMCO, talks about the U.S. housing market and how to use artificial intelligence to build and protect assets. Finally, Larry Leibert, a Bloomberg national security editor in Washington, discusses the impending Comey hearings, the new FBI nominee and reports that Jeff Sessions suggested he resign.
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Peter Kenny Says Underperforming Sectors Will Catch Up to Tech
06/06/2017 Duration: 28minPeter Kenny, a senior market strategist at Global Markets Advisory Group and an independent market strategist for Kenny & Co. LLC, tells Pimm Fox and Lisa Abramowicz why he expects underperforming industries to catch up with technology. Simon Ballard, a Bloomberg global credit strategist in London, talks about the risk of the U.K. election, the ECB meeting and the Comey hearing may have on credit markets. Ford's Mark LaNeve discusses the outlook for cars and trucks. Finally, Caitlin Webber, a government analyst at Bloomberg Intelligence, talks about the outlook for H1-B visa workers as Trump and congress target companies that are heavy users.
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What Trump's Tax Proposal Means for Retirement Plans
05/06/2017 Duration: 35minLive from Commonwealth Financial Network's 2017 Retirement Symposium in Boston. Peter Fendler, a principal at Hub International New England, discusses retirement funding, the age of the Fiduciary Rule and fund selection. Javier Blas, the chief energy correspondent at Bloomberg Intelligence, talks about the impact to oil markets after a Saudi-led alliance has cut off ties to Qatar as punishment for its relationship with Iran. George Ferguson, the senior aerospace, defense and airline analyst at Bloomberg Intelligence, discusses Trump's proposal to privatize air traffic control. Finally, Marcy Supovitz, a principal at Boulay Donnelly & Supovitz Consulting Group Inc, talks about retirement planning, HSAs and what Trump's tax proposal means for retirement plans.
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What the Market Really Thinks About the May Jobs Report
02/06/2017 Duration: 22minMark Grant, the chief strategist at Hilltop Securities, and Neil Dutta, the head of U.S. economics at Renaissance Macro Research LLC, discuss the May jobs report and how the market's reacting. Then, Rob Barnett, Bloomberg Intelligence's senior energy policy analyst, talks about America's decision to pull out of the Paris climate pact.
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How Bob Inglis Went From Climate Change Denier to Activist
01/06/2017 Duration: 28minFormer South Carolina Republican Congressman Bob Inglis, executive director of republicEn.org, talks about going from a climate change denier to an activist and why pulling out of the Paris Accord is a bad idea. Chris Russo, the head of sports practice at Houlihan Lokey, discusses M&A trends in the sports world, video streaming and professional sports, and the Tiger Woods brand. Michael Cuggino, the president the Permanent Portfolio Family of Funds, talks about markets, equities, bonds and gold. Finally, Bloomberg's Laura Keller discusses continued low volatility and trading volume throughout Wall Street.
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Politics Are Sideshow to Stock Valuations, Lieberman Says
30/05/2017 Duration: 30minChuck Lieberman, the chief investment officer at Advisors Capital Management LLC and a Bloomberg View columnist, discusses his column, "Stocks Rally as D.C. Burns and That's Not Odd." Patrick Donahue, a government reporter at Bloomberg in Berlin, talks about President Trump blasting Germany on trade. Harvard University's Mihir Desai discusses his new book, "The Wisdom of Finance: Discovering Humanity in the World of Risk and Return," which advocates a return to humanity in finance. Finally, Anand Srinivasan, a senior semiconductor and hardware analyst at Bloomberg Intelligence, talks about Intel's new chip for gamers.
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Venezuela Bondholders Shouldn't Abet Bad Regime, Hausmann Says
26/05/2017 Duration: 28minRicardo Hausmann, the director of the Center for International Development at Harvard's Kennedy School and Venezuela's former planning minister, discusses Venezuela's debt outlook and political climate. Ariel Cohen, a senior fellow at the Atlantic Council, grades Donald Trump's NATO visit and foreign tour. Bloomberg Intelligence's Vincent Piazza talks about his oil outlook following the OPEC meeting and ahead of the summer driving season. Finally, Ravi Saligram, CEO of Ritchie Bros. Auctioneers, discusses the recent acquisition of IronPlanet.
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Bitcoin Craze Stems From Institutional Buying, Quaranta Says
25/05/2017 Duration: 34minRon Quaranta, chairman of the Wall Street Blockchain Alliance, discusses the state of the blockchain world in financial markets and the surge in demand for bitcoin. Joseph Feldman, the senior managing director and retail analyst at Telsey Group, talks about how Best Buy was able to leverage both its physical and online retail channels to success. Carl Riccadonna, the chief U.S. economist at Bloomberg Intelligence, discusses key takeaways from the Fed minutes. Finally, Chris Strohm, a national security reporter at Bloomberg, says former FBI head James Comey's testimony faces White House roadblocks.
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U.S. Economy Has Peaked So Don't Expect Fast Growth, Ramos Says
24/05/2017 Duration: 29minErnesto Ramos, the head of equities at BMO Global Asset Management, discusses his contrarian view that the U.S. economy has peaked and that we aren't in a higher-growth environment. Patrick Chovanec, chief strategist at Silvercrest Asset Management, talks about Moody's decision to downgrade China. Bloomberg's Mario Parker discusses how Carl Icahn reaped a $60 million windfall in his energy company after using his position as a Trump adviser to influence regulations. Finally, Joel Stern, the chairman and CEO of Stern Value Management, talks about Fed policy, excessive regulation and the outlook for inflation.