Surveillance: Bank Earnings With Michaud

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.8 • 1.2K Ratings

🗓️ 14 April 2020

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tom Michaud, KBW CEO, says he has never seen a recession come this quickly and this hard. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, warns that earnings season will show collateral damage from the coronavirus pandemic. Jay Bryson, Wells Fargo Acting Chief Economist, says the unemployment rate will not go back to 3.5 percent this year. Michelle Patch, Johns Hopkins University School of Nursing Assistant Professor, details the physical and emotional toll taken on by medical workers during the COVID-19 epidemic. Harry Tchilinguirian, BNP Paribas Head of Commodity Research & Senior Oil Analyst, does not expect a sustained recovery in the oil price until pent-up demand is released in Q3.

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0:00.0	Little could be done for children with Dushin muscular dystrophy until the gene
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0:15.4	targeting the toughest diseases, a new podcast by Bloomberg Media Studios and Vertex Pharmaceuticals.
0:25.0	To me, context is about pattern recognition.
0:29.0	It's connecting the dots.
0:31.0	It's giving readers an ability to synthesize a number of different
0:35.2	perspectives so they can understand how the greater whole works because nothing really
0:39.6	occurs in isolation anymore. I'm Tim O'Brien and I'm the senior executive editor at
0:43.8	Bloomberg Opinion. On our platform we ask tough questions and solve complex
0:48.0	problems with the facts in mind. Start exploring our opinion coverage and more
0:52.1	at Bloomberg.com.
0:53.4	subscribe. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.
1:10.0	Daily, we bring you insight from the best in economics finance investment and
1:14.9	international relations find Bloomberg surveillance on Apple
1:18.5	podcasts soundcloud bloomberg dot com and of course, on the Bloomberg.
1:24.6	Tom Michelle joining us on the phone, as he always does,
1:27.4	on earnings season for the Big Banks on Wall Street,
1:29.6	KBWC-EO.
1:31.2	Tom, fantastic to catch up with you.
1:33.0	Just walk us through the unprecedented environment we're working through right now
1:37.0	with Wall Street's biggest names.
1:39.0	Well, first of all, I've never seen a recession come this quickly and this hard so this is
	...

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