Surveillance: Dudley Irresponsible, Posen Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 28 August 2019
⏱️ 34 minutes
🧾️ Download transcript
Summary
Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, says he is waiting for full acknowledgement of a U.S. recession. Adam Posen, PIIE President, discusses why Chairman Powell has to be wary of not predicting the outcomes of the U.S.-China trade war, but rather react to them. Tara Lachapelle, Bloomberg Opinion Columnist, says the Philip Morris-Altria reunion will benefit both companies. Alicia Levine, BNY Mellon Chief Strategist, says to expect a range-bound market while uncertainty over trade is at its peak. And Ferdinando Giugliano, Bloomberg Opinion Editor, discusses whether or not there's a place for politics in central bank decisions.
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| 0:00.0 | Join us in New York on November 29th for the Bloomberg Canadian Finance Conference, |
| 0:04.6 | proudly sponsored by National Bank of Canada Financial Markets. |
| 0:07.8 | 2023 marks the 11 year anniversary of our Canada focused event and continues the tradition of providing timely |
| 0:13.8 | insights and actionable strategies. We'll have senior government |
| 0:17.1 | officials from Saskatchewan, Quebec, British Columbia, Alberta and Ontario as well |
| 0:21.9 | as speakers from Northland Power, World Bank, Transolta, and many more. |
| 0:26.0 | Register at Bloomberg Live.com I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts SoundCloud, Bloomberg.com, and of course, |
| 0:56.1 | on the Bloomberg. |
| 0:58.3 | Really, really interesting note coming from the team over at Morgan Stanley in the last week. |
| 1:01.4 | I want to quote some a bit for you just to begin this |
| 1:03.2 | segment. The Puts have expired. 2019 has been a game of deteriorating fundamentals versus a |
| 1:08.9 | pivoting Fed and hope for a resolution to the US-China trade uncertainties. |
| 1:13.1 | With the Fed's first rate cut on a decade not having the desired effect on markets |
| 1:17.0 | and a trade deal looking less likely every week, |
| 1:20.2 | these two puts, the Fed and Trade Deal, may have expired, |
| 1:24.3 | leaving investors facing the potential reality. |
| 1:26.8 | There is no second half rebound coming. |
| 1:29.5 | Mike Wilson joins us now, Morgan Stanley's chief |
| 1:32.2 | US equity strategist. |
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