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Bloomberg Surveillance

Surveillance: EV Transformation With GM CEO

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 5 November 2020

⏱️ 26 minutes

🧾️ Download transcript

Summary

Mike Schumacher, Wells Fargo Securities Head of Macro Strategy, says a blue wave has been priced out of markets for the time being. Frederic Mishkin, Former Federal Reserve Governor, discusses the pressure facing the Fed as investors await the final outcome of the U.S. presidential election. Peter Hooper, Deutsche Bank Securities Global Head of Economic Research, says the latest jobless claims figures show the labor market is not improving further. Mary Barra, General Motors Chairman & CEO, says there is a strong and growing demand for trucks in the U.S.

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Transcript

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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.

0:57.4

Right now joining us, David Baylon, he is the Citigroup, the Global Head of Invest.

1:02.0

David, I want to cut to the chase and take from your note.

1:04.8

You focus on gridlock.

1:06.6

Is the gridlock forward than the different

1:09.7

than the gridlock of recent years? Well, in terms of economic policy, Tom, probably not.

1:15.8

I mean, what we're going to see, I think, is some level of stimulus package.

1:19.2

It won't be what it would have been, you know, had there been a 100% control by the Democrats, but there will be a package.

1:26.0

And if you think about the trifecta from a stock market standpoint, you have the Fed holding rates very low for the next two and a half years.

1:33.6

You've got some level of stimulus in January and perhaps most importantly, you have four different

1:38.4

vaccines that could basically be announced between the end of November and January and they're being made in hundreds of millions of doses by each of the country each of the companies.

1:48.8

The combination of knowing that there would be an end to the pandemic in 2021, you know, stimulus in the market sometime

...

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