Surveillance: Banks Are Relatively More Resilient, Mayo Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 17 September 2018
⏱️ 32 minutes
🧾️ Download transcript
Summary
Chris Flavelle, Bloomberg News Climate and Adaptation Reporter, reports on the historic rainfall in North Carolina brought on by Hurricane Florence. Shahab Jalinoos, Credit Suisse Global Head of FX Trading Strategy, says dispersion is "the name of the game" in currency performance. Mike Mayo, Wells Fargo Securities Senior Analyst, thinks banks are less susceptible to cycles than in the past. Frances Donald, Manulife Asset Management Head of Macroeconomic Strategy, is concerned about 2020 based on fiscal numbers. Michael Phelps, Olympic Gold Medalist & Colgate Global Ambassador, tells Tom and Pimm how they can reduce their water waste.
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| 0:00.0 | Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it. |
| 0:07.0 | I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and |
| 0:15.5 | I'm going to explore the lessons we can learn when creativity and ambition collide |
| 0:20.7 | with competition and power. |
| 0:23.0 | Listen to Crash Course every Tuesday on the IHeartRadio app, Apple Podcasts, |
| 0:28.0 | or wherever you get your podcasts. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.4 | Daily, we bring you insight from the best in economics, finance, investment, and international |
| 0:48.9 | relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com and of course on the |
| 0:56.4 | Bloomberg. We need to get you up to date on the floods forced by Hurricane Florence and we cross over now to |
| 1:08.0 | Chris Flaval who joins us from North Carolina Bloomberg News's Climate and Adaptation Reporter. |
| 1:13.6 | Chris, give us the latest, please. |
| 1:16.4 | Sure, well I can just get back from Charlotte last night. |
| 1:20.0 | I've been there for a few days. |
| 1:21.5 | The rain started in earnest, really on Friday night continuing |
| 1:26.4 | heavily through yesterday. Amazing how slowly it was, how long it took the effect of that hurricane to reach inland to Charlotte and it looked |
| 1:35.3 | like the floods were just getting worse. There were rivers around Charlotte beginning to |
| 1:40.5 | top their bank. It's hard to know how long the effect might last because they're still building. |
| 1:45.5 | Chris, do we know when these floods will start to recede? |
| 1:48.9 | Yeah, it's hard to say. It's the question of how, uh, how inundated the soil is how much water is where it goes. |
| 1:56.3 | I got the sense from talking local officials, they are braced for a multi-day event in Charlotte and |
| 2:02.2 | only then can they assess the impact and figure out what it'll |
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