Surveillance: Expect Two-Quarter Recession, Roubini Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 7 May 2020
⏱️ 40 minutes
🧾️ Download transcript
Summary
Nouriel Roubini, NYU Stern School of Business Professor & NourielToday.com Host, expects a two-quarter recession from the coronavirus crisis. Andrew Bailey, Bank of England Governor, says the BOE is not ruling out any further measures, after rates remained unchanged. Marcus Ashworth, Bloomberg Opinion Columnist, breaks down the BOE decision. Ben Laidler, Tower Hudson Research CEO, says the growth of the labor market after reopening will be reasonably slow. David Page, AXA Investment Managers Head of Macro Research, expects U.S. unemployment to peak in May. Jason Farley, Johns Hopkins University Professor of Nursing, explains how genetics could affect a person's response to COVID-19.
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Transcript
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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 Apple Podcast, SoundCloud, |
| 0:53.8 | Bloomberg.com, and of course, on the Bloomberg. |
| 0:57.1 | Norro Beanie and I, to be direct, go way back. |
| 1:00.2 | We go back to his incredible foresight in seeing the challenges of 08 and 09 in 2005 and 2006. |
| 1:10.0 | We go back to that morning when Osama bin Laden was killed. |
| 1:14.0 | That was a shock as he and I took the stage at Milken Institute. |
| 1:18.0 | And now in the stunningly historic moment for this nation, |
| 1:22.0 | we speak with Naurial at Rubini. stunningly historic moment for this nation. |
| 1:22.8 | We speak with Norel, Rubini. |
| 1:25.4 | Norel, what is so important here |
| 1:29.0 | is the guesstimates of your profession |
| 1:31.3 | done with great care and great respect. I was dumbfounded today |
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