Outlook for Fed Easing and Trump-Putin

Bloomberg Surveillance

Bloomberg

News, Investing, Business News, Business

4 • 1.1K Ratings

🗓️ 14 August 2025

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyAugust 14th, 2025
Featuring:
1) Jim Bianco, founder at Bianco Research, joins for an extended discussion on the Fed and rate cuts, as he calls for the Fed to hold and believes an easing cycle would mark a serious policy error. US short-dated bonds yields are near their lowest level in more than three months, reflecting conviction among traders that the Federal Reserve will cut interest rates next month.
2) Dean Curnutt, CEO and founder at Macro Risk Advisors, joins to talk about the "GOAT Portfolio" and the volatility outlook as the Fed looks like it could soon ease monetary policy. Henry Allen, macro strategist for Deutsche Bank AG, said that "suddenly a 25 basis point rate cut seems fairly modest and achievable" in contrast to the large moves called for by Treasury Secretary Scott Bessent and President Donald Trump.
3) Cam Dawson, CIO at NewEdge Wealth, talks the resilience in equities and the pain trade as we get jobless claims and PPI.
4) Tina Fordham, founder at Fordham Global Foresight, joins for an extended look at geopolitical risks ahead of the Trump-Putin summit and how it will ripple through markets. President Trump warned he would impose "very severe consequences" if Vladimir Putin didn't agree to a ceasefire agreement. Trump said he hoped to use his meeting with Putin to set up a "quick second meeting" with Ukrainian leader Volodymyr Zelenskiy, and that he would "rate" the call with European leaders "a 10." Trump assured leaders that he wouldn't negotiate territories with Putin and would push the Russian leader to meet with Zelenskiy, according to multiple people briefed on the discussions.
5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ story on Walmart's newest employee benefit and the Financial Times' sotry on Italy expanding in the pet service industry.

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0:00.0	Hi, I'm Lisa Mateo, introducing you to the new Stockmovers report from Bloomberg.
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1:02.0	Bloomberg Audio Studios, Podcasts Radio News.
1:12.2	This is the Bloomberg Surveillance Podcasts, Radio News. This is the Bloomberg Surveillance Podcast.
1:15.4	Catch us live weekdays at 7 a.m. Eastern on Apple, CarPlay or Android Auto with the Bloomberg business app.
1:22.4	Listen on demand wherever you get your podcasts or watch us live on YouTube.
1:26.9	We welcome James Bianco.
1:29.3	I will make it as clear as I can.
1:31.3	No one, with a nodding exception of Bohmah D'Larian,
1:35.3	no one nailed resilient inflation coming out of COVID, like Jim Bianco.
1:42.3	He joins us today with Bianco at research. Jim published moments
1:46.1	ago at Apollo Global Management, Torsten Slok, had huge respect from his time at Deutsche
1:51.6	Bank. I quote Jim, container ship departures from China to the U.S. are collapsing when consumers
1:59.3	cannot get the products they want from abroad and the products
2:03.0	that are imported are more expensive, the outcome is a slowdown in U.S. consumer spending.
	...

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