Bloomberg Surveillance TV: October 10th, 2025
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 10 October 2025
⏱️ 32 minutes
🧾️ Download transcript
Summary
- Paul Christopher, Head: Global Market Strategist at Wells Fargo
- Ajay Rajadhyaksha, Global Chairman: Research at Barclays
- French Hill, Republican Congressman and Chair: House Financial Services Committee
- Sheila Kahyaoglu, Managing Director: Equity Research at Jeffries
Paul Christopher, Head: Global Market Strategist at Wells Fargo, talks about the outlook for markets and equities. Ajay Rajadhyaksha, Global Chairman: Research at Barclays, offers his analysis of gold's record run. French Hill, Republican Congressman and Chair: House Financial Services Committee, talks about the US shutdown and priorities in the House. Sheila Kahyaoglu, Managing Director: Equity Research at Jeffries, discusses the outlook for the airline industry.
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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 from 6 to 9 a.m. |
| 0:27.9 | Eastern. Subscribe to the podcast on Apple, Spotify, or anywhere else you listen. And as always, on the Bloomberg Terminal and the Bloomberg Business App. |
| 0:36.2 | Stocks hovering around those record high levels. |
| 0:39.2 | Paul Christopher of Wolfs Fargo writing this. |
| 0:42.0 | Based on our expectations for accelerating earnings, we believe the next 12 to 15 months |
| 0:47.3 | will favor U.S. equities. |
| 0:48.8 | Paul joins us now. |
| 0:50.1 | Paul, let's start there. |
| 0:51.4 | The idea that people don't like buying into valuations like this, they don't like buying |
| 0:56.8 | into consensus, they don't like doing it in a vacuum that is just because of government |
| 1:02.1 | dysfunction, and yet it seems like that's the only place to go. |
| 1:05.3 | Can you explain how that is somewhat of a difficult trade, yet an obvious one, to many |
| 1:10.1 | people, including yourself. |
| 1:12.2 | Yeah, I mean, surely it is uncomfortable for all the reasons that you mentioned. But, you know, |
| 1:17.9 | you have to sort of focus here on what I'd call the big rocks. The big rocks are that artificial |
| 1:23.5 | intelligence is a trend. It has some momentum behind it. It's investable, and we need to take |
| 1:29.8 | advantage of it. Now, there's smart ways to do that and not smart ways to do that. And we're going |
... |
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