Surveillance: Expect Growth in 2nd Half, Kudlow Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 8 May 2020
⏱️ 47 minutes
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Summary
Catherine Mann, Citi Global Chief Economist, says the disconnect between wages and prices could get bigger when the economy opens back up. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says that out of the 30 million jobless claims filed, it is reasonable to expect about 10-12 million jobs to return by the end of the year. Jeff Rosenberg, Senior Portfolio Manager on BlackRock's Systematic Fixed Income Team, says the path of the recovery will be informed by how many temporary layoffs become permanent. Lawrence Kudlow, National Economic Council Director, expects a significant bounce back in growth in the second half of the year. Dr. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says things have been moving forward at light speed when it comes to vaccine testing.
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Transcript
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| 0:00.0 | Osage County, Oklahoma is getting a lot of attention right now. |
| 0:04.4 | It's the setting of Martin Scorsese's latest film, |
| 0:07.8 | Killers of the Flower Moon. |
| 0:10.0 | The movies based on a book about the 1920s Osage murders, |
| 0:14.1 | when white men poured into Osage County |
| 0:16.4 | and killed Osage people for their oil wealth. |
| 0:20.1 | I'm Rachel Adams Heard, the host of InTrust, a podcast from Bloomberg and I Heart Media. |
| 0:26.8 | For over a year I was reporting a different story about other ways white people got |
| 0:32.1 | Osage, land, land and wealth and how a prominent ranching family in Osage County became one of the biggest landowners here. |
| 0:40.0 | Their ranching empire was built on land that at the turn of the century was all owned by the Osage Nation. |
| 0:47.0 | So how did they get it? |
| 0:49.0 | Listen to the award-winning podcast, Trust on the I Heart Radio app Apple |
| 0:55.3 | Podcast or wherever you Bloomberg surveillance podcast. I'm Tom Keene. |
| 1:13.5 | Daily, we bring you insight from the best |
| 1:15.9 | in economics, finance, investment, |
| 1:18.1 | and international relations. |
| 1:19.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course on |
| 1:26.2 | the Bloomberg. |
| 1:27.2 | I'm pleased to say that we're joined by one of the sharpest minds in global economics now. |
| 1:31.2 | Catherine, man, the city global chief economist. Catherine, fantastic to have you. Global in 90 minutes time. Well I tell you, you know, this is a case where everybody's looking for the report, but I'm looking beyond the report because I think at this point for the market it's pretty much all priced in and it's all about where we're going to go from here. |
| 1:55.0 | I think the elements going forward in the near term that are most relevant are how long |
| 2:00.0 | do the furloughs last, how long do they turn turn in at what point do they might be turn into |
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