Radical Technological Transformation is Embedded in This Cycle, Fisher Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 16 November 2017
⏱️ 35 minutes
🧾️ Download transcript
Summary
Kathy Fisher, the head of wealth and investment strategies at AB Bernstein Private Wealth Management, predicts we're going to be in the longest recovery for the economy and markets we've ever seen in modern history. Libby Cantrill, PIMCO's head of public policy, says at best, the GOP bill is "tax reform lite." Mickey Levy, Berenberg's chief U.S. and Asia economist, says the lack of wage growth is a structural problem for the United States. Finally, Brooke Lampley, the incoming vice chairman of Sotheby's fine art division, says the $450.3 million sale of Leonardo da Vinci's "Salvator Mundi" is fitting given the scarcity and prominence of his work.
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| 0:00.0 | When you get your news from Bloomberg, you don't just get the story. You get the story behind the story. |
| 0:07.0 | How your Evie's battery may not be as green as it seems. |
| 0:11.0 | Why a decrease in global birth rates could send countries scrambling to increase immigration. |
| 0:16.2 | You get context. |
| 0:17.6 | And context changes how you see things, how you change things, because context changes everything. Go to Bloomberg |
| 0:24.6 | dot com to get context. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura. |
| 0:44.8 | Daily, we bring you insight from the best of economics. |
| 0:47.9 | Finance, investment, and international relations. |
| 0:50.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the Bloomberg. |
| 1:00.0 | Good morning everyone, Tom King, Bloomberg surveillance, |
| 1:05.0 | thrilled you're with this worldwide, coast to coast, |
| 1:08.0 | Boston, Washington, San Francisco, early morning there, |
| 1:12.0 | and in beautiful New York just sort of a |
| 1:14.0 | foggy day here in New York. Barry Riddholz with me this morning he was so good |
| 1:18.9 | what was it two days ago Barry Tuesday it seems like a lifetime ago. He's written like six essays for |
| 1:24.5 | Bloomberg View since then caused the high-yield debacle yesterday. |
| 1:28.6 | Apologies. We'll talk to Barry Riddle about that, how you should respond when you see the new volatility. |
| 1:35.0 | We've got a guest to lead this hour off who's expert in the perspective of what to do |
| 1:41.0 | when there's when there is a renewed volatility. |
| 1:48.2 | Our guest this morning to get us started |
| 1:50.5 | is Kathy Fisher, she's with AB Bernstein providing wisdom and counsel in wealth |
| 1:56.0 | management. Barry why don't you bring in Kathy because I've beaten her to death |
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