Surveillance: 'Extreme' Jobless Numbers With Hooper
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 16 April 2020
⏱️ 33 minutes
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Summary
Savita Subramanian, Bank of America Head of U.S. Equity and Quantitative Strategy, says we're in a fast and furious market. Jason Farley, Johns Hopkins University Professor of Nursing, says we are being very resilient in our efforts to make sure we have enough personal protective equipment. Michelle Meyer, BofA Securities Head of U.S. Economics, says the latest U.S. jobless claims numbers suggest an unemployment rate of 14%-15%. Peter Hooper, Deutsche Bank Securities Global Head of Economic Research, says unemployment is short of Great Depression levels in large part due to the Fed and Congress. Henrietta Treyz, Veda Partners Director of Economic Policy, says the current plan to reopen the economy is a mess because of the White House administration. David Rubenstein, Carlyle Co-Chairman and host of Peer-to-Peer Conversations, discusses his interview with Didi President Jean Liu.
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| 0:00.0 | When you get your news from Bloomberg, you don't just get the story. You get the story behind the story. |
| 0:07.0 | How your Evie's battery may not be as green as it seems. |
| 0:11.0 | Why a decrease in global birth rates could send countries scrambling to increase immigration. |
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| 0:24.6 | dot com to get context. 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, and international |
| 0:48.9 | relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.2 | on the Bloomberg. |
| 0:58.1 | There is no one better to talk to about the quickness that we are all living and Civita supermanian Bank of America |
| 1:05.2 | head of US equity and quantitative strategy. Tell me about the Greek letters, Civita, what |
| 1:10.9 | is Gamma? What does Delta say about this unusual time? |
| 1:15.1 | You know, I think we've had a Fast and Furious come back in the market. |
| 1:19.2 | I think what's really interesting to look at today is just the valuation of the market? |
| 1:24.0 | So two things have happened over the last month. |
| 1:27.0 | The market has gone down and then up pretty quickly. |
| 1:30.0 | And then you've also seen earnings revived down pretty aggressively |
| 1:34.0 | so what happened is the PE of the market the price to earnings ratio |
| 1:38.0 | has had actually risen to almost the same high that we were at in February which means the market |
| 1:45.4 | is again very very expensive and this time it's because earnings are lower |
| 1:50.6 | and the prices back to pretty aggressive levels. |
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