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Bloomberg Surveillance

Gross: The Fed has to support the long bond market

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 6 May 2016

⏱️ 24 minutes

🧾️ Download transcript

Summary

Gross: The Fed has to support the long bond market

Transcript

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0:00.0

To me, context is about pattern recognition.

0:02.8

It's connecting the dots.

0:04.4

It's giving readers an ability to synthesize

0:07.6

a number of different perspectives

0:09.2

so they can understand how the greater whole works,

0:12.0

because nothing really occurs in isolation anymore.

0:14.4

I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion.

0:18.0

On our platform, we ask tough questions and solve complex problems with the facts in mind.

0:23.0

Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Broadcasting live to New York,

0:35.0

to New York, Bloomberg 1130, to Washington, D.C.

0:38.6

Bloomberg 991, to Boston, Bloomberg 1200, to San Francisco, Bloomberg 960, to the country,

0:45.4

Sirius XM Channel 119, and around the globe,

0:49.0

the Bloomberg Radio Plus App and Bloomberg.com.

0:51.8

This is Bloomberg surveillance. The jobs numbers are out and it does look

0:56.0

like employers took a pause in the month of April. 160,000 jobs total created a hundred and seventy one thousand in the private sector

1:06.1

manufacturing payrolls up by four thousand the unemployment rate holds at five

1:11.3

percent the only thing it matched estimates average hourly earnings up 3 tenths.

1:16.0

Now they say on an year over year basis that pushes average hourly earnings up to 2. percent. Some numbers out of the lower

1:26.2

levels of the report we can tell you that we had a net revision of

1:30.7

negative 19,000. So the month of February was revised lower, the month of March

1:38.0

revised lower, and it looks like at this point a disappointing jobs report and with a revision in Mike

1:45.9

McKee is 7,215 out of 2008 as we print out the report for Jim Glassman.

...

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