Surveillance: Clear Slow Down In Labor Market, Page Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 1 October 2019
⏱️ 35 minutes
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Summary
David Page, AXA Investment Managers Senior Economist U.S. & U.K., says that we are close to a tipping point in the labor market. Timothy Graf, State Street Bank Head of EMEA Macro Strategy, says the Fed is more dovish than what markets anticipate. Alessio de Longis, Invesco Investment Solutions Senior Portfolio Manager, says emerging market growth is what will lead us into a rotation trade. Meredith Sumpter, Eurasia Group Head of Research Strategy, says China is working to ease current tensions but is not interested in pursuing the kind of structural reforms that Trump and Washington say are necessary. And Diane Swonk, Grant Thornton Chief Economist, says we don't have the tools we once had to stimulate the economy.
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| 0:26.6 | Apple Podcasts, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
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| 0:56.2 | on the Bloomberg. |
| 0:58.2 | To weighing on the data I'm pleased to say, joining us here in New York, we can say good morning |
| 1:01.5 | to David Page, Axxa Investment Managers, |
| 1:03.7 | Senior Economist. Good morning to David. Let's talk about their data a little bit |
| 1:07.4 | later this morning in America. What are you looking for? So I think what we're |
| 1:10.3 | seeing and we've seen it in the European numbers is that we're in a global manufacturing |
| 1:13.5 | slowdown here and that's something that we've seen very clearly in the US data as well. |
| 1:17.6 | What's not obvious is how much that's spilling forward. |
| 1:19.8 | So in terms of the ISM today we see another soft picture, you know mixed numbers that coming out of the regional numbers even yesterday Chicago was pretty soft. |
| 1:27.0 | Dallas not so much so. |
| 1:29.0 | And from a European perspective I think you know very very early suggestions that maybe we've seen |
| 1:33.7 | something of a bottom come through here but I think you know we in the broad |
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