People Respond to Higher Wages, Goolsbee Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 11 May 2018
⏱️ 39 minutes
🧾️ Download transcript
Summary
Mike Darda, MKM Partners Chief Economist & Chief Market Strategist, says 4% on the 10-year is a bit of a moonshot. Nick Wadhams, Bloomberg News State Department Reporter, and Steven Cook, CFR Senior Fellow Middle East, join us to provide insight on the escalating tensions between Israel, Iran, Russia, and Syria. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, says tech will be the best performing sector at the end of this year. Austan Goolsbee, University of Chicago Booth School of Business Professor, says the tax cut was pretty negligible.
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| 0:00.0 | Business stories aren't just about business. They're also about policy, politics, finance, and more. |
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| 0:24.7 | Bloomberg in-car apps are sponsored by interactive brokers. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:40.0 | Daily, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, |
| 0:48.1 | and international relations. |
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| 0:53.7 | Bloomberg.com, and of course, on the Bloomberg. |
| 0:57.0 | If we can't break out of this regime that that will feed into a more |
| 1:07.2 | existential question of why not and whether we can ever move. |
| 1:10.6 | Let's bring in my data shall we we? MK Partners, chief economist and chief market strategist. |
| 1:15.4 | Mike, good morning to you. |
| 1:16.7 | Thanks for having me on. |
| 1:17.8 | What happened to the High Evold regime, February? |
| 1:20.6 | It really feels like a distant memory now. It does, it does it does so it's dissipated for now |
| 1:26.0 | obviously markets care a lot about inflation concerns so we're getting strong |
| 1:31.5 | job growth without wages picking up and so that hasn't you know that that threat in terms of the Fed |
| 1:36.8 | Panicking is not with us at the moment and then the last CPU report we had the core inflation rate a few months back running, you know, up into the |
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