Surveillance: Cameron Landed Us In This Mess, Skidelsky Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 16 January 2019
⏱️ 34 minutes
🧾️ Download transcript
Summary
Charles Peabody, Portales Partners LLC President, recaps U.S. bank earnings with us. Lord Robert Skidelsky, House of Lords Member, says David Cameron landed the U.K. in the Brexit mess without adequate preparation. Chuck Robbins, Cisco Chairman and CEO, says the migration to cloud is driving their growth. Baroness Helena Kennedy, House of Lords Member, says the DUP have Theresa May "by the tail" over the Northern Ireland border agreement.
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| 0:00.0 | When you get your news from Bloomberg, you don't just get the story. You get the story behind the story. |
| 0:07.0 | How your Evie's battery may not be as green as it seems. |
| 0:11.0 | Why a decrease in global birth rates could send countries scrambling to increase immigration. |
| 0:16.2 | You get context. |
| 0:17.6 | And context changes how you see things, how you change things, because context changes everything. Go to Bloomberg |
| 0:24.6 | dot com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.5 | 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, on the |
| 0:56.4 | Bloomberg. We're waiting for share price to enjoy the better banking which leads us to an esteemed analyst |
| 1:10.0 | leads us to Charles Peabody who nailed the banks through 2018. |
| 1:13.8 | One of the very few who had a bearish point of view going into the year and one of the very few |
| 1:19.0 | that turned out to be right as well. |
| 1:20.1 | He joins us from Portala's partners. |
| 1:21.6 | He is the chairman there. |
| 1:22.4 | Charles, great to catch up with you. Let's talk about the numbers in front of us |
| 1:25.6 | over the last couple of days before we get to your broader framework for thinking |
| 1:28.7 | about this sector. The numbers this morning actually look pretty good relative to expectations for both Goldman Sachs and for Bank of America. |
| 1:36.7 | To start with BFA first, it's interesting that it's the retail side of the business that is picking up the slack here and the guidance coming |
| 1:44.0 | from the company is that this economy is still good. We don't see the recession |
| 1:47.4 | around the corner that was feared maybe a month ago in this market. Your |
| 1:50.8 | thoughts on what you see this morning Charles. |
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