Central Bankers Show ‘Full Solidarity’ With Fed’s Powell | Bloomberg Brief 1/13/2026

Watch on YouTube ↗ | January 13, 2026 at 12:12 | 43:29 | Bloomberg Markets

Speakers

Tony Malley

Brendan Murray — Trade Reporter, Bloomberg

Alastair Bull — Bloomberg

Charlie Wells — Bloomberg Reporter

Rosalind Mathieson — Head of Content, Blockworks

Ben Connell — Managing Editor for Space and Aviation, Bloomberg

Vonnie Quinn — Anchor, Bloomberg

Abigail Watt — US Economist, UBS

Summary

The episode covers market action ahead of December CPI and the start of bank earnings, with equity futures lower, oil higher on Iran-related tariff threats, and gold extending gains. Eleven global central banks issued a joint statement supporting Fed Chair Jerome Powell amid a DOJ investigation, while bond investors watched for any yield reaction. UBS's Abigail Watt expects above-consensus inflation and a delayed Fed cut, and reporters previewed JPMorgan/Delta earnings and a likely Japanese snap election. Stock movers included AMD, Intel, Synopsys, and Orsted following analyst actions and a court ruling.

Equity futures slid ahead of CPI and bank earnings.
Oil rose after Trump threatened 25% tariffs on countries doing business with Iran.
Eleven central banks expressed solidarity with Fed Chair Powell amid a DOJ probe.
UBS's Abigail Watt expects hot December CPI and pushed Fed cuts to Q3.
JPMorgan kicked off bank earnings with focus on credit cards and expenses.
Delta and JPMorgan earnings previews discussed premium travel and deal-making strength.
Japan snap election speculation drove the classic Takaichi trade: stocks up, yen down, JGB curve steeper.
Stock movers included AMD/Intel upgrades, a Synopsys downgrade, and an Orsted court win.

Ideas

Tony Malley 1:53

KeyBanc upgrades AMD and Intel on demand.

KeyBanc upgraded both AMD and Intel to overweight, citing strong demand for their server CPUs and tools, with the chipmakers largely sold out for 2026; Intel is also seen as making strong progress because it has technology no other competitor has.

Tony Malley 2:22

Synopsys downgraded on capacity reallocation headwinds.

Piper Sandler downgraded Synopsys to neutral, saying the company faces growth headwinds from a reallocation of capacity to chips within the semiconductor industry; the stock fell about 3% premarket.

Tony Malley 2:38

Orsted wins ruling to resume wind farm.

A US judge ruled that Orsted can resume work on a wind farm off Rhode Island that the Trump administration had suspended; this is a big win for Orsted and positive for the renewable energy industry.

Brendan Murray Trade Reporter, Bloomberg 6:00

West pushes rare earth supply independence.

The US and G7 are pushing to accelerate independence from Chinese rare earths, with Scott Bessent leading an effort to create a trading club and baseline prices so friendly countries can rely on non-China supplies for magnets and high-end tech manufacturing.

Alastair Bull Bloomberg 10:22

Fed independence risk may lift bond yields.

Fed independence concerns and global central bank solidarity could awaken bond market vigilantes; if investors vote with their feet and push bond yields higher, it would undermine the Trump administration's goal of lower interest rates and mortgage affordability.

Charlie Wells Bloomberg Reporter 13:50

JPMorgan poised for record profit.

JPMorgan could report the highest annual profit in American banking history, underpinned by strong equities trading growth, M&A fees, loan-book expansion, and its ability to compete with private credit; he expects a very healthy report.

Charlie Wells Bloomberg Reporter 14:03

Bank fundamentals strong with robust deal pipeline.

Bank fundamentals are strong, bank shares have outperformed, the deal pipeline is robust after the best year for deal making since 2021, and trading revenue is strong; this supports a positive view on bank stocks.

Rosalind Mathieson Head of Content, Blockworks 20:00

Snap election drives Takaichi trade.

A likely snap election would give the Japanese prime minister a mandate for fiscal expansion and stimulus, reviving the classic Takaichi trade: Japanese stocks rise, the yen weakens, and the JGB yield curve steepens.

Rosalind Mathieson Head of Content, Blockworks 20:00

Snap election drives Takaichi trade.

A likely snap election would give the Japanese prime minister a mandate for fiscal expansion and stimulus, reviving the classic Takaichi trade: Japanese stocks rise, the yen weakens, and the JGB yield curve steepens.

Ben Connell Managing Editor for Space and Aviation, Bloomberg 39:06

Delta benefits from premium travel strength.

Delta, the first major carrier to report, is expected to deliver an upbeat forecast; it has been a net beneficiary of strength in premium travel, even as the industry may bifurcate between premium and budget segments.

Ben Connell Managing Editor for Space and Aviation, Bloomberg 41:20

Boeing order momentum aided by Trump.

Boeing has been pulling strong orders, helped by President Trump's support and use of the company as a tool of statecraft; Alaska Airlines ordered aircraft last week, and Delta may comment on fleet progression and orders.

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Bloomberg Markets · Jan 13

This Bloomberg Markets video, published January 13, 2026, features Tony Malley, Brendan Murray, Alastair Bull, Charlie Wells, Rosalind Mathieson, Ben Connell discussing AMD, INTC, SNPS, ORSTED, REMX, TLT, JPM, KBE, FXY, Japanese government bonds, EWJ, DAL, BA. 11 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Tony Malley, Brendan Murray, Alastair Bull, Charlie Wells, Rosalind Mathieson, Ben Connell · Tickers: AMD, INTC, SNPS, ORSTED, REMX, TLT, JPM, KBE, FXY, Japanese government bonds, EWJ, DAL, BA