Businesses Have Less Pricing Power Right Now, Dallas Fed President Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 14 July 2017
⏱️ 49 minutes
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Summary
Dallas Fed President Robert Kaplan says businesses have far less pricing power right now and to expect wage pressures to mount in the months ahead. Prior to that, Kate Moore, BlackRock's chief equity strategist, says we should feel confident about the sustainability of the market. Megan Murphy, editor of Bloomberg Businessweek, discusses Lloyd Blankfein's banking resiliency. Kenneth Leon, a bank analyst at CFRA, says Wells Fargo is a "super-regional bank" rather than a diversified global bank. Finally, Thomas Coburn, a former senator from Oklahoma, says health care won't get fixed in Washington.
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| 1:25.0 | Well, the news and the interest today has to do with banks and we're looking at |
| 1:29.0 | J.P. Morgan second quarter results coming in and one of the things that I wanted to focus on |
| 1:33.8 | was to understand about their revenues and here to help us understand more what's |
| 1:37.9 | going on is Kate Moore Blackrock Chief Equity Strategist Kate thank you so much for being here. |
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