Bloomberg Surveillance 4/30/2026

Watch on YouTube ↗  |  April 30, 2026 at 15:16  |  2:33:29  |  Bloomberg Markets
Speakers
Julian Emanuel — Evercore ISI
Mike Wilson — Chief Investment Officer, Morgan Stanley
Kevin Hassett — Director, White House National Economic Council
Meera Pandit — Global Market Strategist, JPMorgan Asset Management

Summary

The April 30, 2026 episode of Bloomberg Surveillance covers surging oil prices due to the Iran Strait conflict, mixed tech earnings (Alphabet up, Meta down), Federal Reserve Chair Powell's decision to stay as governor, and ECB/BOE rate decisions. U.S. economic data shows resilient growth and strong jobless claims, while Europe struggles with inflation and weak GDP. Guests discuss the sustainability of the equity rally amid high oil and the AI capex boom.

  • Oil prices remain elevated near $120 Brent after eight consecutive days of gains, with geopolitical tensions in the Strait of Hormuz.
  • Tech earnings from Alphabet, Amazon, Microsoft, and Meta show strong revenue growth but divergent capex reactions, with Meta punished for higher spending.
  • Federal Reserve Chair Jerome Powell announces he will stay as a governor after his term ends, sparking political backlash but no immediate policy change.
  • ECB and Bank of England hold rates steady but signal readiness to act if energy-driven inflation persists.
  • U.S. Q1 GDP came in at 2.0% (below 2.3% estimate) but consumption and business investment were solid.
  • Initial jobless claims fell to 189,000, the lowest since the 1960s, indicating a still-tight labor market.
  • Market participants express confidence in U.S. equity resilience due to strong earnings and AI-related capex, but caution on gold as a hedge.
  • Japan intervenes in currency markets to support the yen after it weakened to multi-year lows.
Trade Ideas
Sharmin Mossavar-Rahmani 59:06
Stay invested in US equities.
The U.S. economy is resilient, earnings are strong, and historically equities rise after Middle East strikes. Clients should stay invested and not try to time the market.
SPY HIGH
Sharmin Mossavar-Rahmani 61:09
Avoid gold as an investment.
Gold is not a good hedge against inflation or deflation, and the recent rally is driven by central bank buying and momentum, not fundamentals. Clients should avoid getting caught in gold euphoria.
GOLD HIGH
Up Next
39:05
Lance Roberts: The Bulls Are Back… But This Setup Looks Dangerous
Milk Road Daily · Apr 30
7:53
Treasury Secretary Scott Bessent speaks at Financial Literacy Fair Capstone Event — 4/30/2026
CNBC · Apr 30
22:41
Elon vs Sam Altman: The Trial That Could Change Everything
Bankless · Apr 30
12:32
Hassett on Powell Staying at Fed, Inflation and Oil Spike
Bloomberg Markets · Apr 30
1:08:07
BOE Interest-Rate Decision | Special Coverage
Bloomberg Markets · Apr 30

This Bloomberg Markets video, published April 30, 2026, features Sharmin Mossavar-Rahmani discussing SPY, GOLD. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Sharmin Mossavar-Rahmani  · Tickers: SPY, GOLD