Expect 100 BP of rate cuts in next year: JPMorgan's Santos

Gabriela Santos, JPMorgan Asset Management Chief Market Strategist for the Americas, says the day-to-day is being driven by earnings results and AI rather than policy changes; she also believes the Fed will cut rates by as much as 100 basis points over the next 12 months. She speaks with Romaine Bostick on 'Bloomberg: The Close.'