Bloomberg Surveillance TV: December 11, 2024
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 11 December 2024
⏱️ 22 minutes
🧾️ Download transcript
Summary
- Rep. French Hill, (R) Arkansas
- Jay Bryson, Wells Fargo Chief Economist
- David Kelly, JPMorgan Asset Management Chief Global Strategist
Republican Congressman French Hill says tariffs "are much more about setting long-term spending reform and spending priorities" than balancing the federal budget. Jay Bryson of Wells Fargo expresses confidence the Fed will cut by 25bps next week following the latest CPI data. David Kelly of JPMorgan says the Fed will have to "look with one eye on what's really going on in the economy right now, and one eye on what might be coming in terms of policy going forward."
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Transcript
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| 0:00.0 | Landmark infrastructure legislation was passed in the last Congress. Now comes the work of getting it built. |
| 0:04.9 | The Global X U.S. infrastructure development ETF, ticker PAVE, invests in dozens of companies helping shape the future of American infrastructure. |
| 0:12.1 | Investing involves risk, including possible loss of principle. Investments in infrastructure-related companies have greater exposure to the potential adverse economic, regulatory, political, and other changes affecting such entities. |
| 0:21.0 | Before investing, carefully consider the fund's objectives, risks, charges, expenses, and more in the full or summary prospectus at globalxetfs.com. |
| 0:27.2 | Read carefully, distributed by SEI Investments Distribution Company. |
| 0:29.9 | The forces shaping markets and the economy are often hiding behind a blur of numbers. |
| 0:34.9 | So that's why we created the Big Take from Bloomberg Podcasts, |
| 0:38.5 | to give you the context you need to make sense of it all. |
| 0:41.6 | Every day in just 15 minutes, we dive into one global business story that matters. |
| 0:46.2 | You'll hear from Bloomberg journalists like Matt Levine. |
| 0:49.2 | A lot of this meme stock stuff is, I think, embarrassing to the SEC. |
| 0:53.4 | Follow the Big Take podcast on the IHeart Radio app, Apple Podcasts, or wherever you listen. |
| 1:02.3 | Bloomberg Audio Studios. |
| 1:04.9 | Podcasts, Radio News. |
| 1:13.7 | This is the Bloomberg Surveillance Podcast. |
| 1:17.4 | I'm Jonathan Ferro, along with Lisa Abramwitz and Anne-Marie Hordern. |
| 1:22.3 | Join us each day for insight from the best in markets, economics and geopolitics. From our global headquarters in New York City, we are live on Bloomberg Television |
| 1:26.1 | weekday mornings from 6 to 9 a.m. Eastern. |
| 1:28.8 | Subscribe to the podcast on Apple, Spotify, or anywhere else you listen. And as always, on the |
| 1:33.6 | Bloomberg Terminal and the Bloomberg business app. |
| 1:36.2 | Republican Congressman French Hill of Arkansas Rock and a green tie with lots of dogs on it |
| 1:41.2 | joining us now. Congressman, I want to start with this question of how available |
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