Bloomberg Surveillance TV: September 5, 2024

Bloomberg Surveillance

Bloomberg

News, Investing, Business News, Business

4 • 1.1K Ratings

🗓️ 5 September 2024

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

-Kate El-Hillow, Russell Investments Co-President & Co-Chief Investment Officer
-Ed Al-Hussainy, Columbia Threadneedle Global Rates Strategist
-Jay Bryson, Wells Fargo Chief Economist
-Shaun Donovan, Fmr. Housing & Urban Development Secretary & Enterprise Community Partners President & CEO

Kate El-Hillow of Russell Investments says markets are still trying to find the prevailing narrative, pointing to recent volatility as a healthy return to normal. Columbia Threadneedle's Ed Al-Hussainy describes the 'fantastically broad' distribution of outcomes with the Fed's path forward on interest rates. Jay Bryson of Wells Fargo reacts to a weaker-than-expected ADP employment report and as well as US initial jobless claims. Former HUD Secretary Shaun Donovan walks through the issues facing the US housing market.

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Transcript

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0:00.0	The Bloomberg Power Player Summit, presented by Invesco QQ, Invesco Distributors, Inc. comes to New York on Thursday, September 5th during the U.S. Open tennis championships.
0:11.0	Join us and share the court with industry leaders
0:13.7	as we identify the next wave of disruption
0:16.5	that could hit the multi-billion dollar global sports industry.
0:19.8	Register now at Bloomberg Live.com slash Power Players.
0:23.2	That's Bloomberg Live.
0:24.1	com slash Power Players. Bloomberg Audio Studios.
0:34.3	Podcasts, Radio News.
0:37.1	This is the Bloomberg Surveillance Podcast. I'm Jonathan Ferro, along with Lisa
0:45.8	Abramowitz and Anne Marie Hordern. Join us each day for insight from the best in
0:49.9	markets, economics and geopolitics. From our global headquarters in New York City
0:54.3	we are live on Bloombe Television weekday mornings from 6 to 9 a.m. Eastern
0:58.3	subscribe to the podcast on Apple, Spotify, or anywhere else you listen.
1:02.9	And as always on the Bloebo Terminal and the Bloebo Business App.
1:05.8	Let's talk about one of the issues that's bound to come up next week.
1:08.9	Two key data points ahead of the Fed September decision, kicking off with payrolls tomorrow and
1:13.2	CPI next Wednesday. Housing costs remaining a top concern for many included the
1:17.4	former Secretary of Housing and Urban Development, Sean Donovan. Sean is
1:20.9	the current president and CEO of Enterprise Community Partners and joins us now. Sean good morning to you.
1:25.6	John, great to be with you. Thank you very much for coming on the program. Let's just talk about the scale of the affordability crisis that you've been talking about for a while and we've been living through.
1:33.2	Are we finally coming out on the other side of this?
1:36.0	I don't think so and in fact it's getting worse in places.
	...

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