Bloomberg Surveillance TV: July 22nd, 2025
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 22 July 2025
⏱️ 30 minutes
🧾️ Download transcript
Summary
- Andrew Hollenhorst, Chief US Economist at Citi
- Russell Brownback, Head: Global Macro Positioning at BlackRock
- Samuel Zief, Head: Global FX Strategy at JPMorgan
- Alexander Altmann, Global Head: Equities Tactical Strategies at Barclays
Andrew Hollenhorst, Chief US Economist at Citi, discusses US inflation, the market rally, and Fed independence. Russell Brownback, Head: Global Macro Positioning at BlackRock, discusses what the bond market is signaling about the US economy. Samuel Zief, Head: Global FX Strategy at JPMorgan, talks about a weakening US dollar and whether there is a bull case for the dollar this year. Alexander Altmann, Global Head: Equities Tactical Strategies at Barclays, talks about the persistence of the equity bull run and where equities could land in the second half.
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | A warming planet, complex geopolitics and fierce competition means business operations are under more scrutiny than ever before. |
| 0:08.4 | Returning to Singapore this July, the Bloomberg Sustainable Business Summit is uniting leaders and investors to explore how sustainability efforts can bolster resilience and mitigate risk. |
| 0:19.0 | Summit advisor Bangkok Bank presenting sponsor Schneider Electric, supporting sponsor Fraser's property. |
| 0:25.2 | Learn more at Bloomberg Live.com slash SBS-Syshire. |
| 0:32.9 | Bloomberg Audio Studios. |
| 0:34.5 | Podcasts, Radio News. |
| 0:41.1 | This studios. Podcasts, Radio News. This is the Bloomberg Surveillance Podcast. I'm Jonathan Ferro, along with Lisa Abramwitz |
| 0:46.2 | and Anne-Marie Hordern. Join us each day for insight from the best in markets, economics, |
| 0:50.9 | and geopolitics. From our global headquarters in New York City, we are live on |
| 0:55.3 | Bloomberg Television weekday mornings from 6 to 9 a.m. Eastern. Subscribe to the podcast on Apple, |
| 1:00.4 | Spotify or anywhere else you listen. And as always, on the Bloomberg Terminal and the Bloomberg |
| 1:05.0 | business app. Alex Altman of Barclay's writing, ultimately, it remains all eyes on that confluence |
| 1:10.4 | of the FOMC, PCE, NFP, |
| 1:12.6 | mega cap earnings window with a sprinkle of tariff threats or relief. |
| 1:17.6 | Alex joins us now for more. |
| 1:18.6 | Good morning, Alex. |
| 1:19.6 | Good morning. |
| 1:20.6 | How we price for all of that? |
| 1:21.6 | Well, S&P is pricing in about a 1% move every day over that three-day window. |
| 1:25.6 | But what's really interesting is that we've obviously had a long streak of really very little |
| 1:30.6 | volatility. |
| 1:31.8 | The market's pricing in a three-day window of volatility, and then it's pricing in no volatility |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.