Surveillance: Fed's Mester Says U.S. Reopening Will Take Time
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 17 April 2020
⏱️ 34 minutes
🧾️ Download transcript
Summary
Tony Dwyer, Canaccord Genuity Chief Market Strategist, says he would not bet against the market and that this is a good time to remain neutral. Federal Reserve Bank of Cleveland President Loretta Mester says it’s going to take time for economy to reopen and that it needs to be done very carefully. Dr. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says that right now there really is no good evidence to suggest that people are getting reinfected after their first exposure. Jared Bernstein, Center on Budget and Policy Administration Senior Fellow and Former Economic Adviser to Vice President Joseph Biden, says the U.S. is very behind the curve on testing for COVID-19.
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | There's so much news happening around the world that we're somehow supposed to stay on top of. |
| 0:05.5 | That's why we launched The Big Take. It's a daily podcast from Bloomberg and I Heart |
| 0:11.4 | Radio that turns down the volume a bit to give you some space to think. |
| 0:16.5 | I'm Wes Kossova. |
| 0:18.0 | Each weekday I dig into one important story and talk about why it matters. |
| 0:23.7 | Listen to the big take on the I Heart Radio app, |
| 0:26.6 | Apple Podcasts, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.4 | Daily, we bring you insight from the best in economics, finance, |
| 0:47.2 | investment, and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.2 | on the Bloomberg. |
| 0:58.0 | We can catch up with a good friend of this program, Tony Duar, of Canichord Genre. |
| 1:01.8 | Tony, you've been quiet for a solid week. |
| 1:05.0 | Where have you been? |
| 1:06.0 | I don't know, I don't feel so quiet. |
| 1:10.0 | So I'm in this funky position because we've been expecting a relief rally and we got it. |
| 1:16.2 | Like we got a relief rally that is historic. |
| 1:18.4 | We've retraced about 50% of what we've lost during thirty four percent crash in march and that that really |
| 1:25.2 | is extraordinary so what you know i'm trying to figure out if a tactical rally |
| 1:30.9 | meaning based on an oversold condition, hope, if that's going to become a fundamental |
| 1:37.3 | rally and I'm not clear on that at this point. |
| 1:41.4 | I look Tony at the equity markets in what I perceive as a narrowness of this rally. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.