Surveillance: Economic Recovery With Meyer
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 24 June 2020
⏱️ 38 minutes
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Summary
Lisa Shalett, Morgan Stanley Wealth Management Chief Investment Officer, says a pickup in capital spending intentions is a reason to remain bullish on the U.S. recovery. Michelle Meyer, Bank of America Head of U.S. Equities, says the U.S. economy is starting to approach healing and recovery phase. Henrietta Treyz, Veda Partners Director of Economic policy, says Congress is still stalled on both stimulus and infrastructure spending. Shahab Jalinoos, Credit Suisse Global Head of FX Strategy, says the nominal rate of the dollar does not offer any significant yield pickup. Daniel Boulud, Chef & Restaurateur, says fine dining is suffering at the moment, but its not dead due to Covid-19.
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| 0:00.0 | There's so much news happening around the world that we're somehow supposed to stay on top of. |
| 0:05.5 | That's why we launched The Big Take. It's a daily podcast from Bloomberg and I Heart |
| 0:11.4 | Radio that turns down the volume a bit to give you some space to think. |
| 0:16.5 | I'm Wes Kossova. |
| 0:18.0 | Each weekday I dig into one important story and talk about why it matters. |
| 0:23.7 | Listen to the big take on the I Heart Radio app, |
| 0:26.6 | Apple Podcasts, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.4 | Daily, we bring you insight from the best in economics, finance, investment, |
| 0:47.8 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Apple Podcast, SoundCloud, |
| 0:53.8 | Bloomberg.com, and of course, on the Bloomberg. |
| 0:57.3 | We begin the program this Wednesday with someone who was |
| 0:59.6 | constructive when others were. |
| 1:01.4 | Bullish, when many were still bearish, her name Lisa |
| 1:03.9 | Shalad of Morgan Stanley Wath Management. Lisa Shalit, fantastic to catch up with you and |
| 1:08.8 | I will say out front you have been right over the last couple of months, but over the last couple of weeks that |
| 1:13.6 | cyclical rotation has started to fade there is a defensive bias creeping back |
| 1:18.2 | into this market what's the message for clients this morning Lisa? |
| 1:21.2 | Yeah look I think that as you articulated, I think that the concerns over the, you know, recent spike in cases is something |
| 1:31.2 | that investors are definitely grappling with. |
| 1:33.8 | And to your point, we have seen a defensive rotation, |
| 1:38.7 | albeit on the one hand, people sustained by the fuel of the bed but on the other hand you know buying |
... |
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