Bloomberg Surveillance TV: October 29th, 2025
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 29 October 2025
⏱️ 32 minutes
🧾️ Download transcript
Summary
- Blake Gwinn, RBC Capital Markets Head of US Rates Strategy
- Gargi Chaudhuri, Chief Investment and Portfolio Strategist, Americas, BlackRock
- Pierre Ferragu, Head of Global Tech Infrastructure, New Street Research
- Mary Lovely, Senior Fellow at the Peterson Institute
Blake Gwinn, Head of US Rates Strategy at RBC Capital Markets, previews Wednesday's FOMC rate decision and the potential impact to US treasuries. Gargi Chaudhuri, Chief Investment and Portfolio Strategist for the Americas at BlackRock, discusses the recent records highs for equities against the backdrop of Mag Seven earnings. Pierre Ferragu, Head of Global Tech Infrastructure at New Street Research, talks Nvidia as the AI powerhouse is on track to become the first $5 trillion company. Mary Lovely, Senior Fellow at the Peterson Institute, gives her insights on US trade relations with President Trump set to meet with Chinese President Xi Jinping on Thursday.
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| 0:32.3 | Bloomberg Audio Studios. |
| 0:34.7 | Podcasts, Radio News. |
| 0:36.9 | Music. Studios. Podcasts, Radio News. |
| 0:46.4 | This is the Bloomberg Surveillance Podcast. I'm Jonathan Ferro, along with Lisa Abramwitz and Anne-Marie Hordern. Join us each day for insight from the best in markets, economics, |
| 0:51.4 | and geopolitics. From our global headquarters in New York City, we are live on |
| 0:55.4 | Bloomberg Television weekday mornings from 6 to 9 a.m. Eastern. Subscribe to the podcast on Apple, Spotify, |
| 1:01.2 | or anywhere else you listen. And as always, on the Bloomberg Terminal and the Bloomberg Business |
| 1:05.6 | app. Investors pricing in a quarter point card from the FOMC at 2pm Eastern time. |
| 1:10.7 | Blake Gwyn of RBC Capital Markets writing the following. |
| 1:13.3 | The economic backdrop continues to provide the FMC with a window for delivering interest rate cuts. They're going to take it. Blake joins us now for more. Blake, good morning. Good to see you. Good to see you. The last time the Fed made a decision, you made a very important point that the outlook hadn't changed so much, but the risks around the outlook have. |
| 1:30.1 | What are the risks around the outlook now, and have they developed since the Fed last met? Exactly the same as they were in September. I mean, part of that is obviously because we're not getting the official sector data, but even if you look at what we have received, so the CPI that they decided to release, the private sector data, and I would say also the beige book that they had. You know, the beige book really kind of characterized things as largely in the same places they were in September. So I don't think the Fed's really gotten any information that's really going to change their outlook. I would expect Powell, you know, any comments that he's going to make on the macroeconomic outlook, you know, this afternoon are probably going to be largely what he made in September. So cuts 25. Can he guide to December? I don't think he does. And I think if anything, I think the markets are going to be much more focused around some of the meta-conversation about what are they looking at? I mean, if this continues for another two months, if this continues in the December meeting, I think what I'm most |
| 2:17.5 | interested in are any questions around what data are you putting most important? |
| 2:21.6 | What are the metrics? |
... |
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