The latest in finance, economics and investment. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene &amp; Paul Sweeney Monday, July 20, 2026 Featuring: 1) Kay Herr, CIO: US GFICC at JPMorgan Investment Management, joins to break down last week&#x27;s slew of data and how it&#x27;s impacting the bond market. 2) Scott Diamond, Co-Head Municipal Fixed Income at Goldman Sachs Asset Management, talks about the supply increase in munis. 3) Henrietta Treyz, co-founder at Veda Partners, joins in studio to discuss Iran escalation and Congress&#x27; response, as well as what to expect in this year&#x27;s Midterms. 4) Ozan Tarman, Vice Chair: Global Macro at Deutsche Bank, talks about recent market trends and whether geopolitics or other forces are market risks. See omnystudio.com/listener for privacy information.

Credits Risks and the Market Outlook

Bloomberg Surveillance

[SPEAKER_A] So there's a lot of noise about AI, but time's too tight for more promises. So let's talk about results. At IBM, we work with our employees to integrate technology right into the systems they need. Now, a global workforce of 300,000 can use AI to fill their HR questions, resolving 94% of common questions. Not noise, proof of how we can help companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business. IBM.

[SPEAKER_B] Healthcare doesn't always work great. If you've ever waited on a refill or couldn't schedule an appointment, you get it. That's the kind of stuff Optum is changing. They're using data and technology to integrate patient care, pharmacy, and everything else. So healthcare is connected, not complicated. What's that look like? Cheaper prescriptions that are easier to get and care that looks at the whole person, how you need it. Optum is helping make healthcare work as one—for everyone. Learn more at business.optum.com.

[SPEAKER_C] Support for this show comes from Public.com. If you're actively involved in your portfolio, you probably catch yourself repeating the same actions: buying the dip, manually sweeping idle cash, putting on a hedge. On Public, you can now create AI agents that handle all these tasks on your behalf. Just describe what you want to do in plain English. Like "If the VIX hits 25, buy a put option on the S&P 500," or "If my cash balance goes above $20,000, move the excess into my direct index." You approve the workflow, and your agent handles the rest, monitoring the market, watching for your conditions, and executing your strategies exactly as defined. An investing platform driven by your intent, not just your clicks.

Credits Risks and the Market Outlook

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Credits Risks and the Market Outlook

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.