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Bloomberg Surveillance

Surveillance: Dollar Strength Is Unsustainable, Tirupattur Says

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 25 April 2019

⏱️ 35 minutes

🧾️ Download transcript

Summary

Matt Miller, Bloomberg TV & Radio Anchor, says most German politicians were against the Deutsche Bank-Commerzbank merger. Jonathan Tyce, Bloomberg Intelligence Senior European Banks Analyst, thinks it makes sense to consolidate small domestic banks. Vishy Tirupattur, Morgan Stanley Head of Fixed Income Research & Director of Quantitative Research, says dollar strength is unsustainable. Greg Valliere, AGF Investments Chief U.S. Policy Strategist, says Joe Biden will be the centrist of the 2020 race. Shira Ovide, Bloomberg Opinion Columnist, thinks Facebook still has many privacy challenges ahead. And Scott Galloway, Leonard Stern School of Business Marketing Professor, discusses the tech earnings bonanza. 

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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,

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

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and NGOs for candid conversations focused on creating solutions to support

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

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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.

1:00.4

Deutsche Bank and Commerce Bank. The talks are over. I want to bring in Bloomberg's

1:06.1

Matt Miller to get up to speed. On the end of merger talks, Matt, what broke in?

1:10.0

Well, Berlin has been against this really from day one, with the exception of the finance ministry.

1:17.8

Olaf Schultz and his deputy, Yorg cookies, were really, you know, the driving force behind these talks to begin with, but as soon as people

1:27.0

started talking about 30 to 40,000 job cuts as a result, it just was a bad look for everybody here and Angela Merkel and the and the rest of

1:38.3

the and the rest of the powerful politicians in the capital fought against it.

1:43.0

So from a Deutsche Bank perspective, it was just at least what they said this morning.

1:48.7

It just proved to be too expensive and too complex to pull off.

1:51.9

But from a political perspective, it just wasn't going to fly

1:54.4

so Commerce Bank potentially have got other dance partners we've seen in the news

1:57.8

IG are interested we've seen in the news several reports that only credit is said to be interested as well.

...

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