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Bloomberg Surveillance

Surveillance: Congress Must Act Now, Swonk Says

Bloomberg Surveillance

Bloomberg

Investing, Business News, News, Business

3.81.2K Ratings

🗓️ 23 March 2020

⏱️ 26 minutes

🧾️ Download transcript

Summary

Peter Hooper, Deutsche Bank Global Head of Economic Research, says there is no question that the economy is going into free-fall in the near term. Mike Darda, MKM Partners Chief Economist & Macro Strategist, says the Fed is starting to get some traction as the central bank announces a massive second wave of initiatives to support the U.S. economy. Diane Swonk, Grant Thornton Chief Economist, says congress must act now to help all sides of the economy. Ben Laidler, Tower Hudson Research CEO, expects a lot more pain for the financials.

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Transcript

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0:00.0

On December 4th and 5th, against the backdrop of the United Nations Climate Change Conference,

0:05.2

Bloomberg Green will convene the foremost leaders in business, finance, policy, academia,

0:10.3

and NGOs for candid conversations focused on creating solutions to support

0:14.9

the goals set forth at COP28. Join our community of global influencers and

0:19.5

problem solvers in Dubai to build connections, inspire innovation and challenge the status quo in the

0:25.1

battle against climate change. Register at Bloomberg Live. I'm Tom Keene.

0:43.5

Daily, we bring you insight from the best

0:45.9

in economics, finance, investment,

0:48.1

and international relations.

0:49.8

Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the

0:56.4

Bloomberg.

0:57.5

Every single second half guesstimate that you will hear over the coming days, weeks and month

1:01.6

will hinge on a very uncertain view of how long mitigation efforts will stay in place.

1:05.6

And any hopes for a sharp rebound will be shaped by how well a fiscal plan is executed and at the moment

1:10.8

there is no agreement in Washington. that will be the focus of this

1:14.0

program over the next couple of hours and joining us on the phone I'm pleased to say is

1:17.4

Peter Hooper Deutsche Bank Globalhead of Economic Research Peter first

1:21.0

question to you sir just how much damage is being done every day we go without a big package from Washington.

1:29.0

Good morning, John, Tom, Lisa. Delighted to be on.

1:32.0

Certainly the failure of Congress... John Tom Lisa delighted to be on.

1:32.8

Certainly the failure of Congress to agree on a package is problematic.

1:38.8

We've been expecting something from the Senate in the in by very early this week and this has to then make it

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