Ross Says He 'Will Probably Sell Stake' in Putin-Linked Company
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 6 November 2017
⏱️ 32 minutes
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Summary
Francine Lacqua sits down for a conversation with U.S. Commerce Secretary Wilbur Ross following reports of Russia linked investments. Then, Michael McKee discusses NY Fed President William Dudley's recent retirement announcement. Prior to that, Jonathan Golub, Credit Suisse Securities' chief U.S. equity strategist, says the markets are perceiving Jay Powell as a continued Janet Yellen governance. Howard Gleckman, a senior fellow at the Tax Policy Center, says the Republican tax bill's proposed 20 percent corporate tax rate won't survive. Finally, Mohammed Alyahya, a nonresident fellow at the Rafik Hariri Center for the Middle East, says the issue of a Saudi corruption 'Band-Aid' is being torn off but perhaps may lead to uncertainty.
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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, or wherever you listen. 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 | Right now, David Gurin, Tom Keene in New York with Jonathan Gollub of Credit Suisse and on this Monday at 748 in the morning |
| 1:09.5 | maybe this is the Equity interview of the week. John you're not only optimistic but you're |
| 1:14.9 | double-digit optimistic. So few agree with you. What do they get wrong? I think that |
| 1:21.7 | there's this belief that if you're optimistic on stocks you have to think that the economy is going to |
| 1:27.6 | You know have this tremendous momentum behind it and our view is that we are in a good economy, but that valuations will drift higher because the |
| 1:35.8 | risks right now, especially around the potential for recession, are really much lower |
| 1:41.5 | than average, and that lack of risk is what will push the stock market higher. |
| 1:46.0 | What's your counsel of how worried or cognizant we should be of recession risks at this point? |
| 1:50.0 | What are you looking at and what would you advise clients to do at this |
| 1:53.6 | point when it comes to fear of or worry about a recession? |
| 1:56.3 | Yeah so we put together this Credit Swiss recessionary dashboard and we look at |
| 2:00.9 | things like is the Y yield curve flat or inverted? |
... |
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