Surveillance: Goldman's Currie Says Get Long Commodities
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 25 November 2019
⏱️ 34 minutes
🧾️ Download transcript
Summary
Chris Marangi, Gabelli Funds Co-CIO, says the market is pivoting towards value from momentum. Jeff Currie, Goldman Sachs International Global Head of Commodities Research, recommends getting long commodities today. Geoffrey Yu, UBS Private Banking CIO, says the dollar has topped out but it doesn't mean we're starting a dollar bear trend. Deborah Aitken, Bloomberg Intelligence Senior Analyst of Luxury Goods, sees the LVMH Tiffany tie-up as mutually beneficial for both companies, particularly when it comes to expanded market share in the luxury jewelry sector. Sonali Basak, Bloomberg TV & Radio Finance Reporter, says Charles Schwab aims to diversify their business in buying TD Ameritrade.
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| 0:56.2 | on the Bloomberg. |
| 0:57.2 | Got to talk about M&A Monday. We aren't going to call it that because there are so many deals |
| 1:00.7 | to get our teeth into. Can I just have a comment on |
| 1:02.6 | LVMH and Tiffany some of this is going to be funded by debt and it will yield |
| 1:08.6 | zero to 1% and the current credit rating of LMH right now in Europe is single A. |
| 1:16.0 | And I think that Tiffany's and the likes of LVMH are thinking about what's something |
| 1:20.4 | the US companies have thought about for the last few years. |
| 1:23.0 | What is the value of running a single a balance sheet when yields are still so low? |
| 1:28.0 | If you run a triple B balance sheet, you still remain investment grade, |
| 1:31.0 | the ECB will still buy your debt and you can go and |
| 1:33.8 | buy some growth with a yield on your debt of what 50 basis points for investment |
... |
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