. >>> up next, pimco's 2025 playbook.on brown is back breaking down how she's navigating the market in thmohse nt ahead. back on the "bell" just after this break. it's a pillow with a speaker in it! that's right craig. pulling in the perfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow! as your host, i have some rules. two flush maximum per bathroom visit. no games. no fun. there's a great barbeque outside. but don't touch that. meanwhile, at a vrbo... when other vacation rentals make you share your turf with a host, try one that's all yours. >>> we're back. stocks having a pretty strong day down dlee in the past four weeks weakeningalities approaching the close. for more on what 2025 might hold for your money welcome in pimco's erin brown with her

allianz and allianz owns pimco, which pimco is a u.s. investment company, but they totally bought out by allianz. and at 4.8 trillion, then capital 2.7 capital group privately held at there. kind of an interesting outlier in of a lot of the elite factions there's on the chart it shows that the um um. was $49 trillion in 22 or 26 trillion of the from these companies. so that's nearly double and and in three i looked up just recently blackrock now at 10.4 and vanguard's at 9.3 so there's an extra trillion you plus right there. so we know growing and expanding quite rapidly. and the global. 0.505% represents 40 million people. this includes. 6 million millionaires, usually multiples millionaires and 2600 billionaires. these are people who turn over their excess investment management firms like blackrock, jpmorgan chase. so these institutions of capitalism are property, business and personal wealth. and western governments control legal and policing mechanisms to ensure that wealth remains privately owned and allows the rich to amass even gr

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. >> the bond report is brought to you by pimco, a global leader in active fixed income. >>> all rightave got to blockbuster energy deal to tell you about. constellation energy for 60 in cash stock, the biggest deal in american history and the ceo is weighing in on that deal on cnbc. >> we wanted to create the kinds of capabilities and put them together that will power the u.s. economy at a very special time where we are seeing significant growth not only in data but across the board in a lot of different regions so we like to follow where our customers need us and that is what we think we have done here. >>> also an energy today, crude oil is up -- what is that? call it just under $3.00. the u.s. imposing sanctions on russia today and this time unlike the last sanctions the market belief distinctions may actually be enforced. russia bought what we call ghost fleet, really old supertankers so they could buy oil around the world and they have been doing that successfully. >> keep an eye on wti and see if that affects the consumer. constellation was not the only deal today. we have repor

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to help you see untapped possibilities the bond report is brought to you by pimco, a global leader ine got this dream... and you're all in it! (banker 1) let's hear it! (vo) with wells fargo premier a team can help you plan for your dream. (woman) i have this vacation home... (banker 2) so, like a getaway? (woman) yeah, but... it's also an eco-friendly artist retreat. (banker 3) so, you're expanding your business... (woman) ...and our family! can you help me plan for that? (banker 1) yeah! let's get started. (vo) ready to meet the dream team? you can with wells fargo. >>> let's get back to kristina partsinevelos now for the stocks she's watching. kristina? >> hi, scott. let's talk about walgreens, walgreens investors getting some relief today after facing the s&p 500's worst performer last year. shares jumping 29% or 28% now on better than expected earnings while the drugstore chain posted losses, they liked hearing about cost cutting efforts and improved medical reimbursement models. hold my drink, what many fans seem to be saying lately. and modelo missed estimates and cut outlook w

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libby cantrill of pimco on president trump's economic agenda. we begin with stocks mixed.second case negative week higher. some breathing a sigh of relief as president trump seems to back off aggressive universal tariffs. jay polaski saying we anticipate year three of bull market type u.s. equity returns. much tariffs risk has been priced in. we are focused on the dollar. tariffs are usd bullish. we are not so sure." jay joins us now. even if you're not listening, the one place listening to trump loud and clear is the currency market. jay: yeah. the dollar is key to us. if it rolls over, that is bullish for the non-us equity exposure we are focused on for 2025. as we wrote, the u.s. will be single-digit type returns for this year. that is what typically happens in year three. a bull market needs to rest. no room for expansion. american exceptionalism at risk. there is no room for mistakes in the u.s. that is the main thing to take away. where there is room is the rest of the world. the dollar rolling over suggest to us it is starting to think about where are there opportun

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joining me now is paul mcculley, former chief economist at pimco, now an adjunct professor at georgetown mcdonough school of business, along with cnbc senior economics reporter steve liesman. paul, it almost sounded like you think there's a chance they might cut this week. or maybe we're putting it too strongly. welcome. >> good to see you, kelly and steve. >> no, i don't think. >> they're. cutting this week at all. >> i think this has been the most well advertised pause that. >> we've had in. >> a long. >> long time. so there's not that issue. >> but i do. >> think that. >> the direction. >> of travel. >> to. >> use mr. powell's. >> expression from december. >> is unambiguously. >> still down. >> and i think they. >> still have. >> a disinflationary. >> scenario in their mind. >> and i think that is justified. >> so i think that's. >> what he. >> will do this week is basically say we completed the recalibration. >> it's over. >> it was 100. >> basis points. >> we got. >> from the wrong. >> neighborhood to. >> the right. >> neighborhood. >> we're at four and 3/8. and now we're going to s

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. >> the bond report is brought to you by pimco, global leader in active fixed income. >>> let's getwest coast edition of trading. >> healthcare has been lagging, carl, but a fantastic company blew away the numbers this morning. stocks have been the best performer in the s&p 500. good to see. this is a company we have leadership, the notion of being able to do basically robotic surgery. congratulations to them. >> our thanks to you for helping our viewers understand all week long, jim. >> we've got arm holdings which is crucial to increasing a.i. cisco, chuck robbins, pg&e. let's clear up what's going on in california. i think patty poppy is someone who can explain the situation. they are trying to bring things around here in san francisco and san francisco has become a vibrant place again. >> jim, save travels home. i am looking forward to getting you back. >> thanks. >> he works hard eacwe, h ekjim cramer. russell is up 2%. stay with us. at's why to be boring with your money.ts the pragmatic, calculated kind of boring. ♪ in any business, you ride the line between numbers and people

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tomorrow, we are hitting the ground running, catching up with stuart keizer of citi, libby cantrill of pimcoings coming up on wednesday and thursday. from new york city, good morning. thank you for choosing bloomberg tv. this was "bloomberg surveillance ." ♪ let's go boys. the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪ matt: another down day. 30 minutes until the start of the cash trade here in the u.s.. sonali: katie greifeld is on assignment today. "bloomberg open interest" starts right now. matt: l.a. fires still arranging as santa ana winds are poised to intensify the wildfire battle. we will take it to the front lines. stock traders have been hit by diminishing bets on fed rate cuts as apple's iphone sales fall 5% in the holiday quarter. plus, it is murder monday. j&j agrees to buy intracellul

jonathan: libby cantrill of pimco forcing it out of me. an important conversation on the corner. the pump in futures fading a little bit -- bump in futures fading a little bit. euro-dollar just about unchanged at 102.50. ♪ ♪♪ ♪ three little birds ♪ ♪♪ ♪♪ ♪♪ jonathan: the pump and equity futures fading attach. up by 25% on the s&p 500. on the nasdaq 100, higher by one third of 1%. let's crossover to manus cranny. manus: elon musk has taken oxygen out of the technology round with the tiktok deal. tesla up 1.5% this morning. morgan stanley writing they are justifying the bull case. they could be $100 for them. the advancements in autonomous vehicles, that is what the market is beginning to appreciate. the leadership they have, not just in vehicles but in ai, data collection. tiktok, x, tesla, it's about data collection and power of what you do with that. it's about every appreciation of what actually is and there for the size, scale and mobility. 7.5 million vehicles in 10 years time. if you want to understand housing markets, it is hard to l

director of the international monetary fund, who was investment manager at the bond market behomoth pimcoome to newsnight. thanks for havin: welcome to newsnight. thanks for having me- — welcome to newsnight. thanks for having me- is _ welcome to newsnight. thanks for having me. is rachel— welcome to newsnight. thanks for having me. is rachel reeves - welcome to newsnight. thanks for having me. is rachel reeves in - welcome to newsnight. thanks fori having me. is rachel reeves in the right place geographically?- having me. is rachel reeves in the right place geographically? look, it is hard because _ right place geographically? look, it is hard because had _ right place geographically? look, it is hard because had she _ right place geographically? look, it is hard because had she cancelled i is hard because had she cancelled her trip, is hard because had she cancelled hertrip, people is hard because had she cancelled her trip, people would have said she's panicking and the situation must be much worse. so she was in a lose lose and if i had been her, i would have cancelled the trip, but i