Bloomberg Surveillance TV: September 4th, 2025
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 4 September 2025
⏱️ 23 minutes
🧾️ Download transcript
Summary
- Omar Aguilar, CEO and CIO at Charles Schwab Investment Management
- Subadra Rajappa, Head: US Rates Strategy at Societe Generale
- Monica Guerra, Head: US Policy at Morgan Stanley
- Brooke Roach, Analyst at Goldman Sachs
Omar Aguilar, CEO and CIO at Charles Schwab Investment Management, joins to discuss his outlook for equities amid a weakening labor market and uncertain policy. Subadra Rajappa, Head: US Rates Strategy at Societe Generale, talks about the path for rate cuts should the jobs report for August show further labor weakness. Monica Guerra, Head: US Policy at Morgan Stanley, talks about President Trump's tariff regime and the latest on his economic and political priorities. Brooke Roach, Analyst at Goldman Sachs, talks about consumer and retail health.
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Transcript
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| 0:00.0 | When the rest of the markets slow down, the futures market keeps moving. |
| 0:04.9 | Did you know that CME Group S&P 500 and NASDAQ 100 futures trade nearly 24 hours with great liquidity? |
| 0:12.0 | In the ETF markets, volume and liquidity lessens after 4pm until the next morning. |
| 0:17.1 | But with futures, you get trading opportunities both day and night. |
| 0:23.2 | Learn more at CMEgroup.com slash equity futures. |
| 0:28.2 | Bloomberg Audio Studios. Podcasts, radio, news. |
| 0:37.1 | This is the Bloomberg Surveillance Podcast. I'm Jonathan Ferro, along with Lisa Abramwitz and |
| 0:42.6 | Anne-Marie Hordern. Join us each day for insight from the best in markets, economics and |
| 0:47.5 | geopolitics. From our global headquarters in New York City, we are live on Bloomberg Television |
| 0:52.1 | weekday mornings from 6 to 9 a.m. Eastern. |
| 0:54.8 | Subscribe to the podcast on Apple, Spotify or anywhere else you listen. And as always, on the |
| 0:59.6 | Bloomberg Terminal and the Bloomberg Business app. Omar Aguilath, Schwab Asset Management, |
| 1:04.3 | CEO writing economic uncertainty is still high. So think long term. Stay disciplined, |
| 1:09.9 | stay invested and stay diversified. No need to be a hero. So think long term. Stay disciplined, stay invested, and stay diversified. |
| 1:12.2 | No need to be a hero. Omar, join us now for more. Omar, welcome to the program, sir. Let's talk about |
| 1:17.9 | that economic uncertainty. How are you getting a clean read on the economy in America? |
| 1:24.0 | Well, you know, the big part of the trade-ups right now between inflation, unemployment, economic |
| 1:30.8 | deceleration, and overall, you know, the path that we seem to be going here, it is unclear |
| 1:37.1 | how the consumers are actually driving, you know, the majority of economic growth. |
| 1:43.0 | We have seen so far this K-shaped economy where the top |
| 1:48.2 | end of earners continue to drive GDP growth. And the wealth effect coming from equity markets, |
| 1:54.2 | coming from housing, coming from anything else, seem to be very consistently supporting |
... |
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