Bianco: Bill Gross Got It Wrong
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The Fed should not blink, says Queens' College Cambridge President Mohamed El-Erian
"This Fed has unfortunately failed at analysis, failed at forecast, failed at communication," says El-Erian
Aston Martin F1 Team Principal Mike Krack says Fernando Alonso and Lance Stroll are "great teammates" and they "help [Aston Martin] big time to work as a team much more than other teams do"
"Zimbabwe is the cheapest buy in Africa and it has just gotten cheaper...I think we are back in the game again." - Zimbabwe Minister of Finance Mthuli Ncube
Dan Ives of Wedbush remains bullish on Tesla despite numerous headwinds facing the stock. "Many times we've been in these white knuckle periods - to me, this is not the end of the growth story"
"If they don't cut in June, you'll hear me say 'Oh, no.'" Mohamed El-Erian of Queens' College, Cambridge says the biggest risk for the Fed is holding rates high for too long
"Can we stop calling it a banking crisis? This was not a banking crisis."
- Mohamed El-Erian, Bloomberg Opinion Columnist & Queens' College Cambridge President
"We're going to look back on this week as the week in which central banks abandoned a point inflation target for a range." - Mohamed El-Erian, Queens' College, Cambridge President
"The thing that has really impressed me is that nothing has broken." - Mohamed El-Erian, Bloomberg Opinion Columnist and Queens' College Cambridge President
"There's only two companies able to thread the needle in terms of China-US. It's Cook in Cupertino and Musk & Tesla," says Dan Ives of Wedbush. "This is a huge win for Musk"
Tesla "is a stock that continues to move higher on the China story," says Wedbush's Dan Ives. He talks about his $1,400 price target on $TSLA, why the EV race is not a "zero-sum game" & how $GM fits into the big picture
"It's a Netflix problem, and I think you have a Facebook problem as well... But what we see with Tesla we'll see with Apple next week, Microsoft, cyber, semis, that's going to lead tech higher," says Wedbush's Dan Ives
JPMorgan sees oil climbing as high as $150 a barrel. "Shale is in a straitjacket," says Christyan Malek of JPMorgan. "When has spare capacity been in the single-digits as a percentage of total capacity. That's when the risk premium shoots up"
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How high will the Fed have to raise rates?
"I think it's 4%-5% or higher. I was at 3%-4% maybe six months ago... Wouldn't shock me if I'm 5%-6% a few months from now," says Bloomberg Opinion Columnist Bill Dudley
"I think the Fed will come across as dovish. The Bank of England will still be quite hawkish. And the ECB will be in the middle." - Mohamed El-Erian, Bloomberg Opinion
"People are calling for a recession... I have to tell you, that is not in the data." - Neil Dutta, Renaissance Macro Research Head of US Economic Research
Neil Dutta of Renaissance Macro Research says market consensus have lost sight on inflation. "To me the overall story is still the same, which is we have a period of disinflation in front of us."
Daniel Ricciardo of AlphaTauri says he hopes to race for Red Bull again, as he prepares to make his return to F1 with AlphaTauri in Hungary this weekend
Mohamed El-Erian of Queens' College, Cambridge says US exceptionalism among global economies "can be derailed by one of two things. Oil at $110, or a Fed that's too tight"
"This excessive data dependency is going to get us into another problem," says Mohamed El-Erian, Bloomberg Opinion Columnist and Queens' College Cambridge President
BofA Global Research's Francisco Blanch has an "ugly scenario" for oil prices: $200 a barrel.
"It's the new FAANGs. It's fuel, agriculture, aerospace, it's also nuclear and renewables, and of course gold and critical metals"
BREAKING: The Bank of England unexpectedly raises its benchmark interest rate to 0.250% & sees U.K. inflation peaking at 6% in April. Bloomberg Surveillance's own Jonathan Ferro breaks down the surprise move
OMG OMG OMG. CFA Level 3 results are out. i passed!! Thank you so much
@CFAinstitute
for an INCREDIBLE journey these past 3 years!! I just hope this isn't a fluke since the results are out 45 minutes early!!
"A referendum is the most democratic thing that can happen, a vote on the real options, as we couldn't have that before." -SCM Private Founding Partner Gina Miller on Brexit with
@flacqua
. Watch here:
Jonathan Ferro Is Done With the Dow Jones Industrial Average
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@ptsweeney
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The American economy is headed for a hard landing, says former New York Fed President Bill Dudley. "I think it's going to be a relatively mild recession... You really get a deep downturn when things in the financial system break."
Olivier Blanchard, Peterson Institute for International Economics Senior Fellow, says "fiscal policy can do too much," and that we're currently dealing with the fallout from fiscal policy "mistakes" made in 2020
"The U.S. government has effectively borrowed from the children to pay their parents." HSBC's Steven Major explains why money created through QE may not be truly stimulative & how to approach next week's Fed meeting
"This is exactly the time that the Fed needs to be moving quickly," says former Fed Governor Randy Kroszner following July jobs growth surging in the US
Dan Ives of Wedbush says the "historic" launch of the Tesla Cybertruck exemplifies Elon Musk's lead in the EV market. "No one could match the scale and scope."
Dan Ives of Wedbush says 'There's 2.2 billion reasons' why Apple isn't too late to the AI race as sentiment sours on the stock. "This was more of a golden buying opportunity than ultimately the time that Apple becomes a structural negative"
Ian Bremmer of the Eurasia Group says Putin doesn't have "real friends" around the world - "[He] is facing the worst challenge of his career and his best friend on the global stage Xi Jinping offered no military support."