Bloomberg Surveillance TV: February 4th, 2026
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 4 February 2026
⏱️ 22 minutes
🧾️ Download transcript
Summary
Featuring:
- Libby Cantrill, Managing Director and Head of Public Policy at PIMCO
- Gene Seroka, Port of Los Angeles Executive Director
- James Egelhof, Chief US Economist at BNP Paribas
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Transcript
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| 0:00.0 | Bloomberg Audio Studios. |
| 0:04.5 | Podcasts, Radio News. |
| 0:11.1 | This is the Bloomberg Surveillance Podcasts, |
| 0:14.1 | I'm Jonathan Ferro, along with Lisa Abramwitz and Anne-Marie Hordern. |
| 0:17.8 | Join us each day for insight from the best in markets, economics and geopolitics. |
| 0:22.5 | From our global headquarters in New York City, we are live on Bloomberg Television weekday mornings |
| 0:26.8 | from 6 to 9 a.m. Eastern. Subscribe to the podcast on Apple, Spotify or anywhere else you listen. |
| 0:32.7 | And as always, on the Bloomberg Terminal and the Bloomberg Business app. |
| 0:36.1 | So here's the latest this morning. The president leaning into the campaign promises he's kept as new polling shows a dip in his approval rating. Libby Cantrell-Pimcoe joins us now for more. Libby, good morning. Good morning. Is the Rital in Texas? I mean, look, I think for good reason, the GOP is paying attention to it. Obviously, this is a red state, a ruby red Senate district, the state Senate district that flipped |
| 0:59.6 | to Democrats, went from a swing of 31 points from the 2024 election. |
| 1:05.3 | It is still early days, but there are other metrics in addition to these off-cycle elections |
| 1:10.1 | that I think are warning |
| 1:11.6 | signs for Republicans. |
| 1:12.9 | The approval rating is one of them. |
| 1:15.1 | The generic ballots are generally how do the, how does the population feel about Democrats |
| 1:19.5 | over Republicans or favoring Democrats right now by, you know, five points on average? |
| 1:24.6 | And then enthusiasm. |
| 1:25.9 | Democrats seem to be more enthusiastic. |
| 1:28.3 | Those are all, we have a little mini midterm election model that we built at PIMCO, and those all are statistically |
| 1:35.3 | significant. So in addition to Texas, the data is also pointing to signs that, you know, like |
| 1:42.3 | history, the Republicans are probably poised to lose seats in November. However, it is really early days. It's still only, you know, like history, the Republicans are probably poised to lose seats in November. |
| 1:46.1 | However, it is really early days. It's still only, even though it was a very long January. It's only, it's still nine months away, so a lot as we never changed. A Republican strategists said the same thing to me last night. Amory, it's early days, you know, don't look at Texas. We have till November. We have the one big beautiful bill coming out. |
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