Surveillance: Bank Earnings With Tom Michaud
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 14 January 2020
⏱️ 27 minutes
🧾️ Download transcript
Summary
Shahab Jalinoos, Credit Suisse Head of FX Macro Trading Strategy, says there are no macro risks affecting monetary policy. Tom Michaud, KBW CEO, breaks down results from JPMorgan and discusses the future of big U.S. banks. Geoffrey Yu, UBS Wealth Management Head of U.K. Investment Office, says central banks are going to stay lower for a very long time to come. Alicia Levine, BNY Mellon Investment Management Chief Strategist, says cyclical sectors are beginning to show signs of life, even as data remains soft.
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| 0:00.0 | The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. |
| 0:05.7 | However, we can create spaces where people can freely kick the tires of their preconceived notions. |
| 0:11.2 | I'm Tim O'Brien, and I'm the senior executive editor at |
| 0:13.8 | Bloomberg Opinion. On our platform we ask tough questions and solve complex |
| 0:18.1 | problems with the facts in mind. Because context changes how you see things and |
| 0:22.4 | how you change things. |
| 0:23.6 | Context changes everything. |
| 0:25.6 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.6 | Daily, we bring you insight from the best in economics, finance, investment, and international |
| 0:48.9 | relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.2 | on the Bloomberg. |
| 0:57.8 | Lisa, you and I have had the discussion about what is happening in fixed income. |
| 1:00.9 | The riskier parts of credit that lagged last year started to pick up in |
| 1:04.1 | December and a follow-through has been really positive and there's a simple |
| 1:07.1 | question I think a lot of people are asking. Is it a sign of durability that the |
| 1:10.9 | rally is broadening out or a sign of excess. |
| 1:13.3 | Right, or a sign of the perhaps this is not the leading indicator that used to be. |
| 1:17.4 | And I think that's been my big question this morning as you see junk bond yields within |
| 1:20.3 | 16 basis points of their all-time low. |
| 1:23.0 | We're talking about sub 5% high yield. |
| 1:25.2 | It's not high-yield anymore, |
... |
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