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Bloomberg Surveillance

Single Best Idea with Tom Keene: Rich Clarida & Liz Ann Sonders

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 5 June 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Rich Clarida & Liz Ann Sonders.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Bloomberg Audio Studios.

0:04.2

Podcasts, Radio News.

0:07.0

The single best idea. How good was it today? Well it was so good that we're taking one of our conversations today and we're slamming it in tomorrow to get to the jobs report on Friday.

0:24.0

This is Wednesday and we're gonna slam Anna Wong of Bloomberg Economics into

0:29.3

Thursday to set you up for the jobs report. I want to take a moment here and talk about a word.

0:35.3

I get, you know, my kids. The dogs are giving me grief about when I say what the

0:40.1

zeitgeist is. The zeitgeist is home is eat your dog food and stop sitting at the dining room table trying to get fancy pork from Lennards.

0:48.0

The answer is the zeitgeist matters and the zeitgeist in economics is always movable, always shifting. And the

0:55.0

Zitegeist in economics is always movable, always shifting. Anna Wong of Bloomberg economics shifted the Zite Geist

0:59.0

in the last 30 hours, maybe 48 hours,

1:02.0

I'd say 30 hours, where she talks about revisions to the non-farm payroll's number,

1:08.4

and you're going to see revisions that could be as high as a million jobs over the next year and a half.

1:14.8

This is tangible.

1:15.8

We'll save that conversation for tomorrow.

1:18.3

Why do we do that?

1:19.5

When you have the former Vice Chairman of the Fed,

1:22.0

you move Anna Wong into Thursday.

1:23.8

Richard Clarita, there's of Columbia, arguably he saved Columbia economics.

1:29.6

Professor Clarita is at Pimco holding court out in Newport, tough job, but also as a former Vice Chairman of the Fed.

1:36.7

He understands at the end of the day, forget about the dots.

1:40.3

It's about a slowing U.S. economy.

1:43.3

My own sense is that we're heading down to around a 2% economy with a risk that we could

...

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