Haass: Brazil's state-sector dominance has gone too far
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 18 April 2016
⏱️ 21 minutes
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| 0:00.0 | Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it. |
| 0:07.0 | I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and |
| 0:15.5 | I'm going to explore the lessons we can learn when creativity and ambition collide |
| 0:20.7 | with competition and power. |
| 0:23.0 | Listen to Crash Course every Tuesday on the IHeartRadio app, Apple Podcasts, |
| 0:28.0 | or wherever you get your podcasts. |
| 0:30.0 | This is Bloomberg surveillance. |
| 0:35.0 | The regulatory rules over the last five years |
| 0:38.0 | had made it very difficult for any bank to optimize their balance. |
| 0:41.0 | The story as earnings will unfold is everybody will tell you, well, the companies are |
| 0:45.0 | doing better than we thought. |
| 0:46.0 | They do every quarter. |
| 0:47.0 | If you get in oil prices into the $50 to $55 range, you know, we've got 15 billion barrels of resource, it's economic. |
| 0:54.8 | Bloomberg surveillance, your link to the world of economics, finance and investment, |
| 1:00.1 | on Bloomberg Radio. |
| 1:02.4 | Good morning, I'm Michael McKee, along with Tom Keene. |
| 1:05.0 | It is 7 a.m. on Wall Street, 8 a.m. in Brasilia, and 2 p.m. in Doha, where nothing happened. |
| 1:11.0 | Talk's aimed at capping oil production, as much affliction as that was, failed, and oil prices |
| 1:16.7 | are down. |
| 1:17.7 | In Brazil, President Dilma Rousseff is impeached, what is somewhat striking about both events, how limited the impact on markets has been. |
| 1:26.7 | Right now oil prices are trading at $39.05 for West Texas, that's down 3.1% |
| 1:34.0 | Brent crude 4, 178 off 3% on the day. |
... |
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