Bloomberg Surveillance

Chris Rupkey, MUFG Union Bank Chief Financial Economist, says the currency crisis in Turkey is not over. Gordon Johnson, Vertical Group Analyst, is concerned about Tesla's balance sheet. Sharmila Whelan, Asianomics Group Deputy Chief Economist, says the China-Japan relationship is changing at the margin. And Joe Feldman, Telsey Advisory Group Senior Research Analyst, says Home Depot has done a very good job online.   

Mij Rahman, Eurasia Group Europe Practice Head, says he expects Turkey's central bank to hike. Georgette Boele, ABN Amro Bank Currency and Commodity Strategist, provides an EM currency update. Stephen Gandel, Bloomberg Opinion Columnist, is unsure about whether or not the SEC will prosecute Elon Musk. And Matt Winkler, Bloomberg Editor-in-Chief Emeritus, reminds us of the legacy of Nikola Tesla.

Marc Chandler, Brown Brothers Harriman Head of Currency, lays out different options Turkey has to save the lira. Teresa Goody, Former SEC Attorney and The Goody Group Founder & CEO, suggests Elon Musk goes forward with transparency. Megan Greene, Manulife Asset Management Managing Director & Chief Economist, says Turkey's new Finance Minister is a key candidate for change. Phoenix Kalen, Societe Generale Emerging Markets Strategy Director, says that on a day like this, all forecasts are out the window. And Kit Juckes, Societe Generale Global Strategist, notes this is a biggest single day move in a single currency since 2008. 

Shahab Jalinoos, Credit Suisse Global Head of FX Strategy, says at the moment, risk is localized to Turkey. Tuna Amobi, CFRA Media and Entertainment Analyst, sees some hesitation in M&A due to regulatory uncertainties. George Friedman, Geopolitical Futures Founder & Chairman, says Americans are vastly overestimating China's capability. And Frances Donald, Manulife Asset Management Head of Macro Strategy, says the U.S. economy is running above potential. 

David Kotok, Cumberland Advisors CIO & Co-Founder, says trade is now war, not even threatened rhetoric. Pablo Goldberg, BlackRock Head of Emerging Markets Debt, says Turkey has a problem with corporate debt, not with sovereign debt. Carl Weinberg, High Frequency Chief Economist & Founder, says global economic growth has pivoted towards Asia. Jeanna Smialek, Bloomberg News Economy Reporter, discusses diversity and representation, or lack thereof, among economists. David Rubenstein, Carlyle Group Co-Founder & Co-Chairman, joins to preview his interview with Boeing CEO Dennis Muilenburg. 

Gabriela Santos, JPMorgan Asset Management Global Market Strategist, says dynamics in Turkey are unlike other emerging markets. Steven Major, HSBC Global Head of Fixed Income Research, says the Fed is exporting tightening to the rest of the world. Tom Singlehurst, Citi Media Analyst, foresees more vertical integration in the music business. And Steve Eisman, Eisman Group Neuberger Berman Senior Portfolio Manager, questions what Zillow insiders did and did not know as they sold a few weeks back. 

Geoffrey Yu, UBS Wealth Management Head of U.K. Investment Office, thinks external pressure will be an opportunity for reform in China. Daniel Tannebaum, PWC Principal and Global Sanctions Leader, says from an enforcement standpoint, Iran sanctions remain unclear. Ann Miletti, Wells Fargo Asset Management Lead Portfolio Manager, thinks market strength will continue but not without volatility. Kenneth Shea, Bloomberg Intelligence Senior Food & Beverage Analyst, and Jordyn Holman, Bloomberg News Managing Diversity Reporter,  join us to break down what PepsiCo's CEO change may mean for the company.

James Glassman, JPMorgan Chase Commercial Banking Head Economist, says today's jobs numbers are a reminder of how much hidden unemployment there was during the recession. Mike Darda, MKM Holdings Chief Economist & Chief Market Strategist, says U.S. payrolls are in line with expectations. Larry Kudlow, U.S. National Economic Council Director, says it looks to him like China is declining in growth. Margaret Brennan, CBS "Face the Nation" Host, discusses Thursday's White House briefing on interference in the U.S. political system. And Danny Blanchflower, Dartmouth Professor & Former BOE Monetary Policy Committee Member, responds to BOE Governor Mark Carney.

Nejra Cehic, Bloomberg TV Anchor, breaks the BOE's decision to raise interest rates to 0.75 percent. Adam Posen, Peterson Institute for International Economics President, finds the BOE's decision hard to justify. Danny Blanchflower, Dartmouth Professor & Former BOE Monetary Policy Committee Member, argues that what matters the most in the U.S. and the U.K. is underemployment, not unemployment. Brian Johnson, Barclays Capital Senior Autos Analyst, sees some light at the end of the tunnel in NAFTA negotiations. And Shira Ovide, Bloomberg Opinion Columnist, explains the connection between Google and Apple 

Tom Porcelli, RBC Capital Chief Economist,thinks we are arriving at the tightest part of the labor cycle. Emma O'Brien, Bloomberg's Asia Newsdesk Editor, joins us on TV to talk Tesla. Jean-Sebastian Jacques, Rio Tinto CEO, says they're focused on high quality growth. Andrea Orcel, UBS Investment Bank President, tells Francine what global risks he has his eye on. And Douglas Kass, Seabreeze Partners President, offers his opinion on Elon Musk. 

Diana Amoa, JP Morgan Asset Management Fixed Income Portfolio Manager, notes Japan is nowhere near their inflation target. Kim Schoenholtz, NYU Economics Professor, says that by being transparent, central banks condition us to anticipate their behavior. Will Power, Baird Senior Research Analyst, says that Apple is heading in the right direction to fulfill its target. And Paul Donovan, UBS Wealth Management Global Chief Economist, takes a close look at eco data from Japan.

Bruce Kasman, JPMorgan Chief Economist & Managing Director of Global Research, shares his definition of full employment. Leslie Vinjamuri, Chatham House Head of U.S. and the Americas Programme, has her eye on the U.S. midterm elections. Chris Marangi, Gabelli Funds Co-CIO, thinks we're overly focused on the shape of the yield curve. Stephanie Flanders, Bloomberg News Senior Executive Editor for Economics, joins to discuss her recent interview with the Bank of England Governor Mark Carney.

Paul Sweeney, Bloomberg Intelligence Director of North American Research, says a media platform that has less than a billion users struggles to be relevant for advertisers. Steve Eisman, Eisman Group Neuberger Berman Senior Portfolio Manager, explains all the negative signals he sees from Tesla. Chris Rupkey, MUFG Union Bank Chief Financial Economist, says economists think demographics, such as a low birth rate, will keep economic growth down. Margie Patel, Wells Fargo Asset Management Senior Portfolio Manager, is skeptical of the naysayers on how well the economy is going to do.

Richard Haass, Council on Foreign Relations President, says the U.S. is voluntarily choosing to abdicate from its hegemonic role. Mark Lehmann, JMP Securities President, expects Facebook's expenses to bloat for some time. James Bevan, CCLA Investment Management CIO, is enthusiastic for U.S. equities but not for European equities. And Win Thin, Brown Brothers Harriman Head of EM Currency, believes China will push through the trade war without facing a financial crisis.

Stephen Roach, Yale University Professor, says global trade has been an engine for growth for developing and developed countries alike. Steven Arons, Bloomberg News German Banks Reporter, thinks that Deutsche Bank has a chance of getting out of their vicious cycle. Eileen Burbidge, Passion Capital Partner, talks space exploration in the age of SpaceX. John Normand, JPMorgan Head of Cross-Asset Fundamental Strategy, says Asian currencies are clearly in the line of fire from the Trump administration. Komal Sri-Kumar, Sri-Kumar Global Strategies President, joins us to provide his macro outlook. 

Today we feature Abby Joseph Cohen, Goldman Sachs Advisory Director & Senior Investment Strategist. She joins the usual suspects and Bloomberg Intelligence's Paul Sweeney to talk tech regulation and what's trending at hedge funds. Jeff Currie, Goldman Sachs Global Head of Commodities Research, lays out which EM currencies are most vulnerable to oil prices. And Mary Lovely, Peterson Institute Senior Fellow & Syracuse University Professor, thinks in general, the idea that the U.S. has the upper hand in trade talks is mistaken. 

John Silvia, Wells Fargo Securities Chief Economist, forecasts a .2-.3% change in potential GDP. Golnar Motevalli, Bloomberg Reporter in Tehran, provides an update on U.S.-Iran relations during Bloomberg Surveillance on Bloomberg TV. Tom Michaud, KBW Inc. CEO, thinks bank mergers are a slower and more deliberate process than before the economic crisis. And Ken Langone, Author "I Love Capitalism" & Home Depot Co-Founder, offers his take on Jeff Bezos and Amazon.

Jerome Schneider, PIMCO Head of Short Term Portfolio Manager, breaks down nominal and real interest rates. Diane Swonk, Grant Thornton Chief Economist,reviews the history of the Fed's independence. Adam Posen, Peterson Institute for International Economics President, worries that President Trump is becoming 'Nixonian.' Jane Foley, Rabobank Head of FX Strategy, and Michael McKee, Bloomberg News International Economics & Policy Correspondent, hop on the show to discuss the potential of a currency war. Vincent Cignarella, Bloomberg Americas Global Macro Squawk, and Margaret Brennan, CBS Face the Nation Host, offer their expertise on market and political news of the week. 

Joseph Quinlan, Head of Market Strategy for U.S. Trust, argues consumers are driving the Chinese economy. Justina Lee, Bloomberg News China Markets Reporter, observes the PBOC may be moving towards an easing bias. Kirk Hartman, Wells Fargo AM Global CIO, thinks Disney had the upper hand in bids to buy 21st Century Fox all along. And further, Craig Moffett, MoffettNathanson Founding Partner, notes we still don't know if Disney is going to increase their bid for 21st Century Fox or not. 

Priya Misra, TD Securities Head of Global Interest Rates Strategy, says that the Fed is entering a "neutral zone." Rep. Tom Reed (R-NY), House Ways and Means Trade Subcommittee member, thinks the long-term economic growth trajectory will not be impacted by the short-term anxiety from the trade war. Randall Kroszner, University of Chicago Professor & Former Fed Governor, says we ought to be open to the possibility that the yield curve flattening does not mean recession. Terry Haines, Evercore ISI Senior Political Strategist, predicts Republicans will pick up some seats in the Senate and lose a few in the House in the midterm elections.