Bloomberg Surveillance TV: May 3, 2024
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 3 May 2024
⏱️ 23 minutes
🧾️ Download transcript
Summary
-Mohamed El-Erian, Queens' College, Cambridge & Bloomberg Opinion
-Jeff Rosenberg, BlackRock Senior Portfolio Manager
-Pierre Ferragu, New Street Research Tech Infrastructure Head
Mohamed El-Erian of Queens' College, Cambridge and BlackRock's Jeff Rosenberg react to April’s weaker-than-expected nonfarm-payrolls print. Pierre Ferragu of New Street Research breaks down Apple's stronger-than-expected first quarter earnings.
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Transcript
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| 0:00.0 | The countdown has begun. |
| 0:02.0 | From May 14th to 16th, a thousand global leaders will gather in Doha for the Carter Economic Forum powered by Bloembach. |
| 0:10.0 | Join heads of state, influential ministers and leading CEOs to make new connections, |
| 0:16.2 | gain unique insights and uncover valuable opportunities in one of the world's most rapidly rising regions. |
| 0:24.2 | Request your invite for this exclusive event at cuttereconomicforum.com. Bloomberg Audio Studios. |
| 0:34.0 | Podcasts, Radio News. |
| 0:37.0 | This is the Bloomberg Surveillance Podcasts I'm Jonathan Ferro along with Lisa |
| 0:45.6 | Abramowitz and Amri Hordern. Join us each day for insight from the best in markets, |
| 0:50.3 | economics and geopolitics. From our global headquarters in New York City, |
| 0:54.0 | we are live on Bloombo Television weekday mornings from 6 to 9 a.m. Eastern. Subscribe to the podcast on Apple, Spotify, or anywhere else you listen. |
| 1:02.6 | And as always on the Bloebo Terminal and the Bloebok Business app. |
| 1:05.6 | If you are just joining us, here are the numbers for you. |
| 1:08.0 | 175 is the number. |
| 1:10.3 | The estimate was 240. |
| 1:11.9 | That's the headline payrolls print. Looking at unemployment, it comes in at 3.40, that's the headline payrolls print, |
| 1:13.5 | looking at unemployment it comes in at 3.9%, previous number 3.8, the estimate 3.8, |
| 1:18.5 | and wage growth month over month, 0.2%, the estimate 0.3. To react, here's the lineup. Mohammed Al-Arren of Queens College, Cambridge |
| 1:27.6 | alongside Black Rocks, Jeff Rosenberg. Mohammed, first to you, your reaction to this one. |
| 1:33.0 | You said it John a Goldilocks report that will please the Fed and please the markets. |
| 1:39.0 | I'm not particularly surprised on the miss on job creation because we've been running at very high levels |
| 1:46.6 | for the year and a monthly average of 250 1,000 before this one. |
| 1:51.8 | I'm a little bit surprised on the wage, the 0.2. |
... |
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