Our Potential to Grow is Strong, Kudlow Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 3 August 2018
⏱️ 36 minutes
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Summary
James Glassman, JPMorgan Chase Commercial Banking Head Economist, says today's jobs numbers are a reminder of how much hidden unemployment there was during the recession. Mike Darda, MKM Holdings Chief Economist & Chief Market Strategist, says U.S. payrolls are in line with expectations. Larry Kudlow, U.S. National Economic Council Director, says it looks to him like China is declining in growth. Margaret Brennan, CBS "Face the Nation" Host, discusses Thursday's White House briefing on interference in the U.S. political system. And Danny Blanchflower, Dartmouth Professor & Former BOE Monetary Policy Committee Member, responds to BOE Governor Mark Carney.
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| 0:00.0 | The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. |
| 0:05.7 | However, we can create spaces where people can freely kick the tires of their preconceived notions. |
| 0:11.2 | I'm Tim O'Brien, and I'm the senior executive editor at |
| 0:13.8 | Bloomberg Opinion. On our platform we ask tough questions and solve complex |
| 0:18.1 | problems with the facts in mind. Because context changes how you see things and |
| 0:22.4 | how you change things. |
| 0:23.6 | Context changes everything. |
| 0:25.6 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best in economics, finance, investment, |
| 0:48.0 | and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.2 | on the Bloomberg. Jim Glassman joining us now as he always does ahead of payrolls |
| 1:05.8 | JP Morgan Chase Commercial Banking head economist Jim great to catch up with you |
| 1:09.0 | good morning how are you we've got to start with a tray story |
| 1:10.7 | haven't we Jim yeah the most interesting story isn't it? How do you |
| 1:13.4 | keep up every single morning? You know you have to step back and ask I think what we're |
| 1:18.2 | watching is this is not the way to get people to the table. I think what we're learning and maybe the administration |
| 1:23.7 | didn't really know this, that China has a lot of options also and they've got a much |
| 1:29.6 | more managed economy so they can manage the disruptions from this and by the way they say they're |
| 1:34.4 | not going to weaponize the currency but when the currency goes down eight or nine |
| 1:37.6 | percent that lowers the cost of merchandise we buy from China by 50 to 60 billion. |
| 1:43.6 | But Jim... |
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