Surveillance: Equities are Overpriced, Normand Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 6 May 2020
⏱️ 35 minutes
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Summary
David Bailin, Citi Private Bank Chief Investment Officer, says reopening the U.S. economy focuses on rebuilding supply lines and consumer demand. Kathy Hochul, New York Lieutenant Governor, says the post-pandemic recovery will include re-imagining the workplace and the education system. John Normand, JPMorgan Head of Cross Asset Fundamental Strategy, says equities are overpriced. Howard Davies, RBS Chairman, says the coronavirus crisis will accelerate the trend towards remote banking and alter the competitive environment. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, discusses concerns related to the re-opening of the U.S. economy.
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| 0:00.0 | The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. |
| 0:05.7 | However, we can create spaces where people can freely kick the tires of their preconceived notions. |
| 0:11.2 | I'm Tim O'Brien, and I'm the senior executive editor at |
| 0:13.8 | Bloomberg Opinion. On our platform we ask tough questions and solve complex |
| 0:18.1 | problems with the facts in mind. Because context changes how you see things and |
| 0:22.4 | how you change things. |
| 0:23.6 | Context changes everything. |
| 0:25.6 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best in economics, finance, investment, |
| 0:48.0 | and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, |
| 0:53.8 | Bloomberg.com and of course on the Bloomberg. |
| 0:57.4 | We begin this morning with the president of the United States |
| 1:00.0 | saying the following will some people be affected? Yes, will some people be affected yes will some people be |
| 1:04.0 | affected badly yes but we have to get our country open and we have to get it open |
| 1:09.2 | soon let's turn now to David Balin of City Private Bank, the Chief Investment Officer David, |
| 1:14.9 | help me out with this one as we reopen. Is there a reopening rotation in this market? |
| 1:20.0 | If so, what does it look like? |
| 1:28.7 | Well, in terms of what we are what we're expecting to see is you know a reopening that is very much focused on two big trends one is to refill the supply lines of the for all industrial products |
| 1:36.2 | and capital expenditures and the second one associated with the consumer. We expected |
| 1:41.4 | that reopening is right this quarter is all about refilling that pipeline and then obviously the rebound will take place in the numbers in Q3. |
| 1:49.0 | And as you've been talking about on the show today, we're going to continue to see these incredibly bad |
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