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Bloomberg Surveillance

Bloomberg Surveillance TV: May 6, 2024

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 6 May 2024

⏱️ 25 minutes

🧾️ Download transcript

Summary

-Peter Tchir, Academy Securities Head of Macro Strategy
-Veronica Clark, Citi Research US Economist
-Ken Leon, CFRA Director of Equity Research

Peter Tchir of Academy Securities says the perception of US exceptionalism is an 'old story that we're clinging on to.' Citi's Veronica Clark discusses the Fed's path forward on interest rates following soft April jobs numbers. Ken Leon of CFRA explains his firm's downgrade of Live Nation to "hold."

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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.

1:06.2

Peter Cheer of Academy Securities wonders if the happy talk is overblown, writing this,

1:10.2

I like my exceptional to be exceptional, and I also like my data not to be dwarfed by plugged numbers

1:16.0

I cannot help but wonder if even on the jobs front which has been close to exceptional

1:20.2

we are exposed to some sort of gap in perception and we might wind up finding out the

1:25.0

golden locks met the wrong group of bears. This story doesn't end so well. Pete joins

1:30.0

us now for more. Pete thank you for jumping on in front of a camera. We were very

1:34.1

excited about talking about this topic with you. Can we talk about just how

1:37.8

exceptional things truly are and whether you see this narrative gapping

1:41.2

from being too hot to being too cold and happening very quickly.

1:45.2

You know, I've generally been barriers on the US stock market, NASDAQ in particular for a little

1:49.8

while and people look at you at this level of sympathy and if you look at it since mid-January

...

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