Dollar is Fundamentally Overvalued, Dennis Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 25 June 2018
⏱️ 29 minutes
🧾️ Download transcript
Summary
Enda Curran, Bloomberg News Chief Asia Correspondent, says the U.S. is going to step up its scrutiny of Chinese investment in the U.S. Tony Crescenzi, PIMCO Executive Vice President & Market Strategist, predicts that the global economy will grow about $95 trillion this year. Geoff Dennis, UBS Head of Global Emerging Markets Equity Strategy, says that dollar euro is the best indicator of dollar strength in emerging markets. Deborah Lehr, Paulson Institute Vice Chairman, thinks that President Trump and Xi have a very good working relationship. Karen Ubelhart, Bloomberg Intelligence Industrials Analyst, joins to recap headlines that General Electric is selling its distributed power unit to Advent.
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Transcript
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| 0:00.0 | With Bloomberg you get the story behind the story, the story behind the global birth rate, |
| 0:04.7 | behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context. |
| 0:10.8 | And context changes everything. Go to Bloomberg.com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:28.0 | Daily, we bring you insight from the best in economics finance investment and international relations find |
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| 0:41.5 | Bloomberg. |
| 0:51.0 | We begin with the top story, a big question. Is Washington's trade war with Beijing on a potentially irreversible |
| 0:54.3 | course? The Treasury Department is planning to heighten scrutiny of Chinese |
| 0:58.0 | investments in sensitive US industries under an emergency law. |
| 1:02.8 | Prepare to hear a whole lot more about this story through the week. |
| 1:06.0 | We can begin by heading over to Asia and catching up with Endocur in our Chief Asia |
| 1:09.6 | economics correspondent for Bloomberg News, and I'm really pleased to say he's joined with us late in the evening over in Hong Kong |
| 1:16.2 | So and a great tab you with us on the program this morning here in New York get us up to speed on what's about to happen this week |
| 1:22.4 | So it looks like Jonathan at the very least the US are going to step up the scrutiny of Chinese |
| 1:27.1 | investment in the US itself. |
| 1:29.1 | Now this matters because it goes to the heart of the US concerns about China's future industrial strategy. |
| 1:35.5 | Remember, China wants to create this high-tech world-leading economy and technology with a little |
| 1:40.9 | help from the state and the US has not too pleased about it but for China to do that they of course need to source a lot of technology from the US itself |
| 1:48.0 | So it seems like the US are going to block off this channel of the you of Chinese companies buying big tech companies or |
| 1:54.4 | buying their components from the US at the very least trend slowdown at that |
| 1:58.1 | advancement so I think it illustrates that this trade spat is getting ever |
| 2:01.7 | deeper by the week. |
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