GOP Is Struggling to Sew Up Divides From Within, O'Brien Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 8 November 2017
⏱️ 36 minutes
🧾️ Download transcript
Summary
Timothy O'Brien, executive editor at Bloomberg View and Bloomberg Gadfly, discusses last night's election results and says collusion isn't a threat to President Trump, but bribery may "bring the hen to roost." Prior to that, Axel G. Merk, president of Merk Investments, says the biggest tail-risk right now is if China retaliates with trade policy. Steven Major, HSBC's head of fixed income research, says the ECB has missed its chance to hike. Finally, Senator Shelley Moore Capito, a Republican from West Virginia, says we need to find a non-addictive pain medicine and fund more research to beat the opioid crisis.
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| 0:10.8 | And context changes everything. Go to Bloomberg.com to get context. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura. |
| 0:29.2 | Daily we bring you insight from the best of economics, finance investment and international relations, |
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| 0:44.0 | David Gur and Tom Keene here as we look ahead to 2018, |
| 0:51.0 | and it is good to do that with Axel Merck of Merck investments of course with a real focus on dollar dynamics |
| 0:58.8 | Kamar Sharma was with us from Bank of America, Maryland today and he really discussed the ambiguity of the dollar right now. |
| 1:06.3 | Is it ambiguous dollar direction right now or do you have a strong conviction in the next year? |
| 1:13.4 | Well, one of the themes I've had is that we are far more advanced in the hiking site |
| 1:17.5 | from the US and in Eurozone, |
| 1:19.1 | but unlike what everybody else is saying that the dollar should go to the roof, |
| 1:22.4 | because of that, I'm actually to the roof. Because of that I'm actually |
| 1:23.4 | thinking the opposite. I think quantitative tightening if anything is going to expand |
| 1:27.3 | with Crimea which is going to cause Treasury's to rally, which means the |
| 1:30.6 | interest rate difference is going to get less. I also think Draghi is hopelessly behind and while he's not going to change his mind tomorrow, |
| 1:37.2 | that means the dynamics are shifting one favor of the euro. |
| 1:40.0 | Treasury's rally, we've got a collard Treasury rally up to 250-60 and then we've got |
| 1:45.4 | others it suggests we could migrate to 3%. Where are you? I don't think we're going to |
| 1:49.7 | go that high anytime soon and partially is that at some point we're going to get |
| 1:53.4 | well till the market that's going to get tragedy rally |
| 1:55.6 | i think the tax reform is going to be disappointing and uh... and uh... just look at the |
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