Amazon is a Great Competitor, Langone Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 23 July 2018
⏱️ 31 minutes
🧾️ Download transcript
Summary
John Silvia, Wells Fargo Securities Chief Economist, forecasts a .2-.3% change in potential GDP. Golnar Motevalli, Bloomberg Reporter in Tehran, provides an update on U.S.-Iran relations during Bloomberg Surveillance on Bloomberg TV. Tom Michaud, KBW Inc. CEO, thinks bank mergers are a slower and more deliberate process than before the economic crisis. And Ken Langone, Author "I Love Capitalism" & Home Depot Co-Founder, offers his take on Jeff Bezos and Amazon.
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Transcript
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| 0:00.0 | To me, context is about pattern recognition. |
| 0:02.8 | It's connecting the dots. |
| 0:04.4 | It's giving readers an ability to synthesize |
| 0:07.6 | a number of different perspectives |
| 0:09.2 | so they can understand how the greater whole works, |
| 0:12.0 | because nothing really occurs in isolation anymore. |
| 0:14.4 | I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion. |
| 0:18.0 | On our platform, we ask tough questions and solve complex problems with the facts in mind. |
| 0:23.0 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:40.0 | Daily, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, |
| 0:48.1 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts SoundCloud, Bloomberg.com and of course on the |
| 0:56.4 | Bloomberg. He is home on the range. John Sylvia with us from Wells Fargo and we're thrilled |
| 1:06.8 | to bring him in right now. John, it's not that there's a complacency right now, |
| 1:11.4 | but we're all enjoying three and a half for whatever the percent GDP is |
| 1:16.2 | nominal GDP of six make America great again 7% nominal GDP what's the Wells Fargo forecast for the next six or eight quarters? |
| 1:27.2 | What's the glide path of economic growth? |
| 1:30.1 | The glide path for us is slower. I agree with you very much on the complacency of the |
| 1:35.6 | four percent plus that we're going to see on Friday, the 3 percent we're probably seeing a third |
| 1:40.9 | quarter, but to sustain that over time you still need the |
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