Surveillance: 2020 Is The Year Of Virus, Kelly Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 3 March 2020
⏱️ 33 minutes
🧾️ Download transcript
Summary
David Kelly, JPMorgan Asset Management Chief Global Strategist, says we are only in the early chapters of what the coronavirus could mean for the global economy. Chris Verrone, Strategas Partner & Head of Technical & Macro Strategy, says conditions are in place for a tradable low. Mohamed Younis, Gallup Poll Editor in Chief, says 63 percent of Americans agree with the way President Trump is running the economy. Diane Swonk, Grant Thornton Chief Economist, says rate cuts won't be enough to cure the coronavirus crisis.
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| 0:43.5 | Daily, we bring you insight from the best |
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| 0:56.2 | the Bloomberg. |
| 0:57.2 | Let's get the call from the street shall we and bring in David Kelly, J.P. Morgan |
| 1:00.0 | S and Management Chief Global Strategist David, fantastic to have you with us on the phone |
| 1:03.9 | just walk me through what you want to hear what you want to see in that statement as |
| 1:07.6 | that call starts between G7 Finance Chiefs and Central Bankers. |
| 1:11.8 | Well I think there needs to be an air of calm. |
| 1:15.0 | I don't want to see immediate action, actually. |
| 1:18.0 | I think that the bed meets on March 17th, 18th, I think that would be a good time to put in a rate cut. |
| 1:25.0 | The problem is if you put in the rate cut right now and then people will say, well, what's next? |
| 1:29.2 | And so you could quickly head down to zero and the Federal Reserve is really the only Central Bank with the capability |
| 1:34.4 | of producing or providing major rate cuts. |
| 1:38.0 | And the rate, any rate cuts won't really help the economy. |
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