Credit Default Market Is Smaller Today, Eisman Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 16 October 2017
⏱️ 42 minutes
🧾️ Download transcript
Summary
Steve Eisman, a portfolio manager at Neuberger Berman, talks about the smaller credit default market and says banks will increase their percentage of stock buybacks. Former Oklahoma Senator Tom Coburn says the insurance market needs price discovery and transparency. Finally, Nariman Behravesh, chief economist at IHS, says there was a split at the IMF meeting last week, with European bankers and policymakers worried and their U.S. counterparts more optimistic.
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| 0:00.0 | Osage County, Oklahoma is getting a lot of attention right now. |
| 0:04.4 | It's the setting of Martin Scorsese's latest film, |
| 0:07.8 | Killers of the Flower Moon. |
| 0:10.0 | The movies based on a book about the 1920s Osage murders, |
| 0:14.1 | when white men poured into Osage County |
| 0:16.4 | and killed Osage people for their oil wealth. |
| 0:20.1 | I'm Rachel Adams Heard, the host of InTrust, a podcast from Bloomberg and I Heart Media. |
| 0:26.8 | For over a year I was reporting a different story about other ways white people got |
| 0:32.1 | Osage, land, land and wealth and how a prominent ranching family in Osage County became one of the biggest landowners here. |
| 0:40.0 | Their ranching empire was built on land that at the turn of the century was all owned by the Osage Nation. |
| 0:47.0 | So how did they get it? |
| 0:49.0 | Listen to the award-winning podcast, Trust on the I Heart Radio app Apple |
| 0:55.3 | Podcast or wherever you get your podcast. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura. |
| 1:14.7 | Daily, we bring you insight from the best of economics, |
| 1:17.8 | finance, investment, and international relations. |
| 1:20.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the Bloomberg. Joining us now in our Bloomberg 1130 studios is Steve Iceman. |
| 1:34.7 | He's a portfolio manager at Newberger Berman. |
| 1:36.0 | Great to have you with this here once again and I suppose we should start with bank earnings. |
| 1:39.7 | We had three major banks reporting last week. |
| 1:42.1 | Two to come. |
| 1:43.2 | Tomorrow we have Goldman Sachs and Morgan Stanley as well. |
| 1:45.6 | Let's just take stock of what we've seen thus far. |
... |
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