jeff rosenberg with blackrock and what to do with your retirement over the weekend.do is mention ukraine and gaza. richard haass is with us, president of the council on foreign relations. stay with us worldwide. it is "bloomberg surveillance." ♪ >> good morning, everyone. "bloomberg surveillance." with me scarlet fu and adam johnson. our guest host, jeffrey rosenberg, blackrock's chief investment strategist. with us, richard haass from the council on foreign relations. top headlines this morning, here is adam johnson. >> detroit takes another step back from the brain. the city's workers and retirees voted to take tension cuts. that will help us right in merge and theory. i travele a trial will decide if the big rusty plan is fair to creditors. and firefighters are getting the upper hand thanks to calmer winds and cooler temperatures. nearly 400 square miles have effectively gone up in smoke, and that was originally sparked by lightning. warplanes hit more than 70 gaza targets, among them five mosques, sports complex, and the home of a late hamas military chief. the d

our guest host again today is jeff rosenberg and he's with us, too.ks for coming in today. >> it's good to be here. thank you. >> i just wonder when you've gone from one seat to the next, gone from the superintendent of insurance to now seeing things on the private side, how does your perspective change? what do you think differently about things? knowing what you know? >> well, i think there's big changes that have occurred that also make the seat sort of being in a different place now. there has been an increase, i think the real head line's been a tremendous increase in the states getting involved in areas that they did not traditionally get so involved in. in terms of regulation and kind of a regulatory approach that's very enforcement oriented. you see between 9 attorney general's offices and new york in particular -- >> and ohio. i get ohio and new york a lot. >> california, and my former agency combined with the banking department. so the state banking department combining with the insurance department created the department of financial 16ss f

coming up, more on the markets, fixed income, jeff rosenberg whether join guest host allen krug torerates and more. >>> later, it's burger time. it's before 39:00 in the morning, wendy's will give a boost by re-releasing the pretzel bacon cheese burger. we have them right here on set. yay the company ceo joins jane wells in the next hour to talk about them. . up next on "squawk box," don't start your day without knowing the names that can make you money. joe has your list to watch next on "squawk box" right after the break. i take prilosec otc each morning for my frequent heartburn. because it gives me zero heartburn... annc: prilosec otc the number one doctor recommend frequent heartburn medicine for nine straight years. one pill each morning 24 hours zero heartburn. >>> okay. let's take a look at some stocks to watch this morning. we have been telling you about alcoa, ushers in the earnings season, it's reported better tan expected earnings in revenue. stock has been getting back to levels it hasn't seen if years. the company says it's looking to cut the alluminum smelting segment

i want to bring in jeff rosenberg.ecent comments from fed officials that they're , jeffd about inflation has not changed his views on a slower economic recovery. is that right? well, it is right in terms of what we recently heard. we have to look forward a little bit, in terms of what we're worried about and what we think might get. the fed remains a pretty dovish bias. we saw some of the complacency .itnessed yesterday you get risk injected into a complacent market. veryest rates are susceptible to a complacent shift. thatt charlie evans says he does not see interest rates rising anytime soon. i want to play for you what he said about the flak in the economy -- slack in the economy. >> i think it is more like the normal rate that we used to think of before the crisis. that is what i take to be the sustainable rate. 6.1%, we still have quite a ways. growth that the low wage is indicative of that. plus the lower inflation. i think there are many signs of continued resource slack. investors would hear him speak and say t