Surveillance: Capitalism Works, Langone Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 3 May 2019
⏱️ 48 minutes
🧾️ Download transcript
Summary
Alan Ruskin, Deutsche Bank Chief International Strategist, offers insights on output gap measurements. Jeffrey Sachs, Columbia University Economics Professor, says professionalism is key in the Fed. Ellen Zentner, Morgan Stanley Chief U.S. Economist, thinks it's a relief that Stephen Moore's nomination was pulled. Jeff Rosenberg, BlackRock’s Systematic Fixed Income Team Senior Portfolio Manager, says today's jobs data continues a sequence of strong reports. Ken Langone, Author of "I Love Capitalism" & Home Depot Co-Founder, says capitalism can be brutal but it works.
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Transcript
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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. |
| 0:43.3 | Daily, we bring you insight from the best in economics, finance, |
| 0:47.1 | investment, and international relations. |
| 0:49.7 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com and of course |
| 0:56.2 | on the Bloomberg. |
| 0:59.4 | Joining us now I'm pleased to say is Alan Ruskin, Deutsche Bank Chief International Strategist. |
| 1:04.3 | Good morning to you, Alan, on this payrolls Friday. |
| 1:06.6 | Morning, John. |
| 1:07.6 | What are you looking for? |
| 1:08.6 | The estimate in our survey, 190,000 for the month of April, the call at Deutsche Bank. |
| 1:14.0 | 160,000, strong basically for this point in the cycle really. |
| 1:18.0 | I don't want to emphasize that it's, you know, weaker than the prior month or anything like that. |
| 1:22.0 | This is strong data all around. |
| 1:23.4 | One minute into the show I've got to get the juvenile question out the way. |
| 1:26.2 | Is good data good news today or is good data bad news? |
| 1:29.4 | Good question as always really. I think you know we don't want too good a data right so we don't |
| 1:34.0 | really want strong enough data that it tests the feds patients yeah so a |
... |
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