Supreme Court Re-Shapes Power of Presidency | The Close 6/29/2026

Watch on YouTube ↗ | June 29, 2026 at 22:34 | 1:29:10 | Bloomberg Markets

Speakers

Jerome Schneider — Head of Short-Term Portfolio Management, Pimco

David Joyce — Head of Digital Assets, Citi

David Schwimmer — CEO, LSEG (London Stock Exchange Group)

Meera Pandit — Global Market Strategist, JPMorgan Asset Management

Jim Currier — CEO, Honeywell Aerospace

Stacey Widlitz — President, SW Retail Advisors

William Kovacic — Former FTC Chair & Commissioner; Professor, George Washington University

Norah Mulinda — Market Reporter, Bloomberg

Betsy Duke — Former Federal Reserve Governor, former Wells Fargo Chair

Joseph Briggs — Economist, Goldman Sachs

Romaine Bostick — Anchor, Bloomberg

Summary

Bloomberg 'The Close' covers a tech-led market rebound, Supreme Court rulings on presidential power and Fed independence, Comcast's spin-off and media M&A, LSEG's AI and IPO outlook, and a range of individual stock moves. Key investment calls include PIMCO's shift from cash to short-term bonds, JPMorgan's bullish financials view, Honeywell Aerospace's strong debut, and SW Retail Advisors' bearish Nike call with Dick's Sporting Goods and Footlocker as World Cup plays.

U.S. equity rally driven by AI infrastructure and tech
Supreme Court expands presidential firing power but protects Fed independence
Comcast spins off NBCUniversal, fueling media M&A speculation
LSEG CEO highlights AI-driven data value and record IPO pipeline
PIMCO urges moving cash to front-end fixed income for 5-7% returns
JPMorgan strategist favors financials for value and loan growth
SW Retail Advisors stays bearish on Nike, bullish on Dick's and Footlocker for World Cup

Ideas

Jerome Schneider Head of Short-Term Portfolio Management, Pimco 6:32

Move cash to short-term bonds for 5-7%.

Cash yields around 3% are below inflation (>3%), and with the Fed on hold or cutting, cash underperforms in real terms. Moving money into the front-end of the yield curve and diversified short-term credits, including asset-backed securities, produces 5–7% returns, protects purchasing power, and delivers equity-like returns with lower volatility. Fixed income is the place to be.

David Joyce Head of Digital Assets, Citi 18:11

Comcast spin-off unlocks M&A, buy CMCSA, CHTR.

Comcast’s spin-off of NBCUniversal creates pure-play content and distribution companies, giving them cleaner, more flexible paths to partnerships and M&A. Comcast is likely to be an acquirer, with interest in telecom assets and data centers. Charter Communications also benefits from speculation that Comcast may acquire it after the split.

David Schwimmer CEO, LSEG (London Stock Exchange Group) 24:03

LSEG benefits from AI, buyback, IPO pipeline.

LSEG’s proprietary data is becoming more valuable as AI capabilities drive new distribution channels and higher data consumption. A £3bn buyback, strong cash flow, and the healthiest IPO pipeline in years provide further support. The poor track record of UK companies listing in the US reinforces LSEG’s competitive position.

Meera Pandit Global Market Strategist, JPMorgan Asset Management 41:01

Financials cheap, gaining from private credit shift.

U.S. financials offer strong earnings growth and compressed valuations that sentiment hasn’t caught up to. Public banks are gaining loan growth as private credit faces dislocation, creating a value-oriented opportunity to balance AI-heavy portfolios.

Jim Currier CEO, Honeywell Aerospace 68:40

Honeywell Aerospace strong backlog, defense, aviation uptick.

As a pure-play aerospace and defense company post-spin, Honeywell Aerospace has a $90B backlog, $19B in near-term demand, defense spending tailwinds, and an uptick in business aviation flight hours driven by geopolitical tensions and fuel prices. Focused capital deployment and a clear M&A framework will unlock further value.

Stacey Widlitz President, SW Retail Advisors 77:23

Nike turnaround fails, avoid or short NKE.

Nike’s revenue is declining, North America is turning negative, China is worsening, and high promotional activity points to gross margin pressure. Two years into the turnaround under Elliott Hill, progress is insufficient. Avoid or short the stock.

Stacey Widlitz President, SW Retail Advisors 80:07

Buy DKS, FL as World Cup plays.

Dick’s Sporting Goods and Footlocker are better ways to play the World Cup excitement. Dick’s has every major brand, and Footlocker has cleaned up its promotional posture and is at an inflection point with full-price selling gaining traction.

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This Bloomberg Markets video, published June 29, 2026, features Jerome Schneider, David Joyce, David Schwimmer, Meera Pandit, Jim Currier, Stacey Widlitz discussing SHY, CMCSA, CHTR, LSEG.L, XLF, Honeywell Aerospace, NKE, FL, DKS. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jerome Schneider, David Joyce, David Schwimmer, Meera Pandit, Jim Currier, Stacey Widlitz · Tickers: SHY, CMCSA, CHTR, LSEG.L, XLF, Honeywell Aerospace, NKE, FL, DKS