Stocks Waver After AI Scare as Gold Hits $5,000
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 4 February 2026
⏱️ 32 minutes
🧾️ Download transcript
Summary
The latest in finance, economics and investment.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyWednesday, February 4th, 2026
Featuring:
1) Steve Englander, Global Head of G10 FX Research at Standard Chartered, examines the potential market impact of murky economic data.
2) Freya Beamish, Chief Economist & Head of Macro Research at TS Lombard, discusses why Japan's rising yields should not be considered a fiscal crisis.
3) Mike Mayo, Head of US Large Cap Bank Research at Wells Fargo, on the new era of bank mergers.
4) Alexis Christoforous joins with the latest headlines in newspapers across the US, including Washington Post reporting on the Pentagon warning the Scouts to make 'core value reforms' or lose military support, and a Business Insider story on whether it's a good idea to copy your boss' style.
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Transcript
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| 0:00.0 | Bloomberg Audio Studios. |
| 0:04.7 | Podcasts Radio News. |
| 0:11.9 | This is the Bloomberg Surveillance Podcasts |
| 0:14.2 | Podcast. |
| 0:15.3 | Catch us live weekdays at 7 a.m. Eastern |
| 0:17.7 | on Apple CarPlay or Android Auto with the Bloomberg business app. Listen on demand, |
| 0:23.3 | wherever you get your podcasts, or watch us live on YouTube. Joining us right now from the Standard |
| 0:29.0 | Charter Bank. Just an open question to begin. Mike Mayo coming up as well and Freya Beamish |
| 0:35.4 | to get you prepared for Global Wall Street |
| 0:38.3 | this morning. |
| 0:39.3 | What is a single thing you're focused on now in the cacophony of news flow? |
| 0:45.3 | Well, first let me say that Barry Achengreen, Ikegene and I were classmates at Yale |
| 0:51.3 | in the PhD program in the 70s. |
| 0:53.3 | I doubt I'm in the book, but we do have a connection there. |
| 0:57.9 | In terms of what I'm focused on, I mean, longer term, I think it's all productivity growth. |
| 1:03.9 | That's the biggest factor driving the economy. |
| 1:06.1 | It makes everything possible. |
| 1:08.0 | If Powell is correct, if Warsh is correct, if we are correct, that it's surging, |
| 1:15.2 | you know, we're kind of back to the late 90s, which was a very good period for us. But that's in the |
| 1:20.8 | medium and long term. Shorter term, I think we're going to see U.S. policy become more cautious. |
| 1:26.8 | I mean, the focus being the midterm elections, you know, doing a trade deal with India is a positive, |
| 1:32.6 | sort of threatening to invade Greenland is a negative. |
... |
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