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Bloomberg Surveillance

Markets Haven't Reacted to the Shutdown, Lee Says

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 22 January 2018

⏱️ 31 minutes

🧾️ Download transcript

Summary

Bill Lee, Milken Institute Chief Economist, predicts the World Economic Forum is going to see a new phase of globalism that includes national priorities. Richard Attias, Global Event Management Founder, says it will be interesting to see what type of format President Trump adopts during his event in Davos. Greg Valliere, Horizon Chief Global Strategist, thinks the immigration debate is going to go on for a very long time. Michael Nathanson, MoffettNathanson Founding Partner and Senior Research Analyst, remains bearish on traditional media. 

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Transcript

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0:00.0

There's so much news happening around the world that we're somehow supposed to stay on top of.

0:05.5

That's why we launched The Big Take. It's a daily podcast from Bloomberg and I Heart

0:11.4

Radio that turns down the volume a bit to give you some space to think.

0:16.5

I'm Wes Kossova.

0:18.0

Each weekday I dig into one important story and talk about why it matters.

0:23.7

Listen to the big take on the I Heart Radio app,

0:26.6

Apple Podcasts, we bring you insights. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene.

0:43.4

Daily, we bring you insight from the best in economics, finance, investment,

0:47.8

and international relations.

0:49.8

Find Bloomberg Surveillance on Apple Apple Podcast, SoundCloud,

0:53.8

Bloomberg.com, and of course, on the Bloomberg. Joining us now I'm pleased to say is a man whose work has taken him from the

1:06.2

Federal Reserve to the International Monetary Fund to City and now to the

1:10.1

Milken Institute where he joins us from. It's Bill Lee, the chief economist of the Milken. the

1:13.3

chief economist of the Milken Institute.

1:15.8

It's great to catch up with you, Mr. Bill Lee.

1:18.2

Can we just begin with the government shutdown

1:19.8

and how much longer does this need to go on

1:22.0

before you start having to revise your first quarter

1:25.0

GDP estimate in the United States?

1:27.0

Well, I think this is a lot of noise and I think the market's treating it like a lot of noise,

1:31.4

so I don't think we'll do anything to our

1:32.8

GDP numbers because let's face it the government workers get paid regardless and

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