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Bloomberg Surveillance

Lee: Can the consumer keep the economy going?

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.81.2K Ratings

🗓️ 28 June 2016

⏱️ 24 minutes

🧾️ Download transcript

Summary

Lee: Can the consumer keep the economy going?

Transcript

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0:00.0

Do you love Elon Musk? Do you hate Elon Musk? Do you have no idea what to think about Elon Musk?

0:09.0

Then we have just a show for you. He's become even more larger than life.

0:14.4

Buying Twitter doesn't get us closer to Mars. They are like really close to the edge of like

0:18.8

everything falling apart. Like oh Elon I, put a chip in my brain.

0:23.0

Each week on this podcast will break down, analyze, and debate the most important stories on Musk and his empire.

0:30.0

It's all one big universe. You just work for Elon Inc. From Bloomberg Business Week, this is Elon Inc.

0:37.0

listen wherever you get your podcasts. Broadcasting live to New York, Bloomberg 1130, to Washington, D.C. Bloomberg 991,

0:51.8

to Boston, Bloomberg 1200, to San Francisco, Bloomberg 960,

0:56.5

to the country, Sirius XM Channel 119 and around the globe, the Bloomberg radio

1:01.7

plus app and Bloomberg.com.

1:03.0

This is Bloomberg surveillance.

1:06.0

Good morning, it's a 30 on Wall Street.

1:08.0

I'm Michael McKee, along with Tom Keene.

1:11.0

Economic indicators are coming out this morning now, Fast and Furious.

1:15.6

We need a little Judice is at the first word desk and we have an upward revision to that awful

1:21.9

first quarter GDP.

1:24.0

Michael, yes. Economic growth first quarter up 1.1% at an annual rate a bit higher than forecasts

1:31.0

a bit higher than the prior estimate, still the lowest since the first quarter of 2015.

1:37.0

Where do we go now?

1:38.0

Economists surveyed by Bloomberg looking for the current quarter, the second quarter,

1:42.0

growth of 2.5%, third quarter and

1:45.2

fourth quarter, 2.4%.

...

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