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00:00STRATEGY AND RESEARCH. GREAT TO HAVE YOU ON THE PROGRAM. TALK ABOUT SOME OF THE THINGS WE HAVE HEARD ABOUT OVER THE WEEKEND. JAMIE DIMON TALKING ABOUT BEING BROADLY OPTIMISTIC ABOUT THE GLOBAL ECONOMY, NEXT IN WITH WHAT YOU HAVE BEEN SAYING, UPGRADING YOUR GROWTH FORECASTS FOR 2017 FOR SOME PARTS OF THE WORLD. > > INDEED. FIRST QUARTER, THERE ' S A SLOWDOWN IN MOMENTUM, BUT WE WERE COMFORTED BY THE FACT THAT INVESTMENT IS FINALLY PICKING UP IN THE UNITED STATES. IN THE EUROZONE, IF ANYTHING, NUMBERS HAVE BEEN BETTER THAN EXPECTED, AND THE EMERGING MARKETS ARE JUST ROLLING ALONG. ALTOGETHER WE WERE AT THE MARGIN WHERE THINGS ARE A LITTLE BIT BETTER. MANUS: IT ' S INTERESTING WHEN YOU HEAR JAMIE DIMON TALKING ABOUT REGULATION, OPTIMISTIC FOR WALL STREET AND REGULATION. LAST WEEK THE MARKETS HAD A SHAKE. WE LOST A CONSIDERABLE AMOUNT OF VALUE IN A SHORT. IT WAS TIME. THE LAST TIME IT TOOK US NEARLY THREE MONTHS TO RECOVER. DIMON IS FOCUSING CLEARLY ON DEREGULATION. TAX CUTS. THE GREAT EXPECTATION IS IN THAT PRICE. IS IT FOR YOU IN TERMS OF EQUITIES? > > FOR SURE, VALUATIONS ARE NOT ATTRACTIVE ANYMORE WHEN YOU THINK OF A GLOBALLY, SO WE THINK AT THE MOMENT IT IS STILL AN OPPORTUNITY TO CONCENTRATE ON SPECIFIC THEMES. THEY HAVE GREAT OPPORTUNITIES, SO WE REMAIN INTERESTED IN THE MARKET. ANNA: ONE OF THOSE THINGS IS INVESTING IN INFRASTRUCTURE. WE SEE A LOT OF GUESTS TALK ABOUT THAT, AND THIS IS ONE OF THE BIG THINGS IN SAUDI ARABIA, $100 BILLION AMBITIONS FOR INFRASTRUCTURE IN CONJUNCTION IN SAUDI. WHAT ARE YOUR EXPECTATIONS? > > INFRASTRUCTURE IS FRONT AND CENTER FOR US, IN TERMS OF THE LONG-TERM INVESTMENT THEME BECAUSE THERE IS THE POSSIBILITY FOR MANY GOVERNMENTS TO DIRECTLY FUND INFRASTRUCTURE PROGRAMS OF THIS EXTENDS, SO THE PRIVATE SECTOR AND PRIVATE INVESTORS ARE LIKELY TO BE ABLE TO SHARE IN SOMETHING THAT IS ABSOLUTELY NECESSARY, WHETHER IT IS TRANSPORT, WATER, ENERGY, INFRASTRUCTURE, BUT ALSO AFFORDABLE HOUSING. WE THINK THIS IS GOING TO BE LONG-TERM. ANNA: WE GET ENOUGH FUNDING THAT BECAUSE OF LOW INTEREST RATES -- > > EXACTLY, EXACTLY. MOST OF THE PENSION FUNDS ARE YIELDING ASSETS, AND INFRASTRUCTURE CAN OFFER THAT. MANUS: LET ' S TALK ABOUT THE MARKET EXPECTATION. WE WILL WAIT FOR THE MINUTES OF THE FEDERAL RESERVE THIS WEEK -- GOLDMAN SAYS THEY ARE SCALING BACK EXPECTATIONS. 10 YEAR GOVERNMENT BOND YIELDS HAVE 3%. THEY SAY 2.75% IS THE CONSENSUS, BLOOMBERG IS 2.8% BY THE END OF THE YEAR. WHEN YOU LOOK AT THE NOISE, YOU LISTEN TO THE LINES COMING FROM RIYADH, WILBUR ROSS SAYING HE CAN ' T IMAGINE ANOTHER DAY THAT HAS BEEN AS GOOD FOR THE UNITED STATES OR THE KINGDOM, HIGH-FIVING WITH JARED KUSHNER -- WHAT DOES THAT DO TO YOUR YIELD FORECAST? DO YOU BUY INTO THE GOLDMAN VIEW THAT POLITICS MIGHT TRUMP THE YIELD HIKE? > > IT ' S INTERESTING, BECAUSE AT THE BEGINNING OF THE YEAR, WE WERE NOT EXPECTING YIELDS TO SHOOT UP LIKE A ROCKET. WE FRANKLY DID NOT SEE THIS FISCAL EXPANSION GETTING GROWTH OF THOSE LEVELS IN REAL TERMS. OVERTIMES LEAH -- OVERTIME WE UPGRADED OUR FORECAST, AND WE

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CS's Hechler-Fayd'herbe Sees Good Growth in 2017

Credit Suisse Wealth Management Head of Investment Strategy and Research Nannette Hechler-Fayd'herbe discusses her outlook for the economy. She speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)

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