Coronavirus: TIAA CEO Part One

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 5 September 2020

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This Labor Day weekend we have a three part interview with Roger Ferguson, President and Chief Executive Officer of TIAA, the leading provider of retirement services in the academic, research, medical, and cultural fields and a Fortune 100 financial services organization. Mr. Ferguson is the former Vice Chairman of the Board of Governors of the U.S. Federal Reserve System. He represented the Federal Reserve on several international policy groups and served on key Federal Reserve System committees, including Payment System Oversight, Reserve Bank Operations, and Supervision and Regulation. As the only Governor in Washington, D.C. on 9/11, he led the Fed’s initial response to the terrorist attacks, taking actions that kept the U.S. financial system functioning while reassuring the global financial community that the U.S. economy would not be paralyzed. We did this interview right before things shut down in March, but because we thought it was so good we didn't want to waste it! Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Whether it's an under the radar genre or a proper out there podcast, sometimes it's better when you get weird, especially when it comes to switching up your soft drink, introducing new Dr Pepper Zero
0:12.6	with the same blend of 23 unique flavors,
0:15.4	it tastes just as weird as regular Dr Pepper,
0:18.9	but with zero sugar and zero calories.
0:21.7	It's a taste you can't quite put your finger on.
0:24.0	Weird. But in a surprisingly good way, try more weird with Dr. Pepper Zero.
0:30.0	Welcome to the Jill On Money Coronne virus Market Update. It is Saturday, September 5th,
0:40.9	and we are delighted that you are listening to us.
0:44.1	Before we get to our big interview today and it'll be a three-part or so get psyched.
0:49.4	Just want to give you an update on the jobs report which came in pretty much as expected. Just
0:55.1	under 1.4 million jobs were created last month in August. That was what
1:00.6	economists had expected and of those jobs a whole bunch were census employees.
1:07.3	So that's not great because those are temporary hires.
1:11.1	238,000 of the hires were census employees.
1:16.0	All right, but still, there was some broad-based hiring.
1:19.0	That was good.
1:20.0	The unemployment rate fell more than expected to 8.4% and even better the broader
1:27.2	unemployment rate that's the one that takes into account people working part-time
1:31.6	who want full-time work, that rate dropped to 14.2%.
1:36.9	Also good news.
1:37.9	Okay, but reality check gang, it's still pretty awful out there. Even with four strong months of job creation,
1:47.0	there are 11.5 million fewer jobs than what we had before the pandemic.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Audacy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Audacy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.