Surveillance: Harris's recession forecast

Bloomberg Surveillance

Bloomberg

News, Investing, Business News, Business

4 • 1.1K Ratings

🗓️ 26 July 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ethan Harris, BofA Securities Head of Global Economics, sees a mild recession early next year. Frances Donald, Manulife Investment Management Global Chief Economist & Strategist says market is pricing in four Fed rate cuts next year. Kathy Jones, Charles Schwab Chief Fixed Income Strategist says there's a lot of disinflation in the pipeline. Dan Ives, Wedbush Sr. Research Analyst says AI is going to bigger than the street anticipates. Sean O'Brien, Brotherhood of Teamsters General President says Amazon is definitely a target going forward.

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Transcript

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0:00.0	What's on the horizon for financial markets?
0:03.6	At PGM, it's a question that over 1,400 investment professionals relentlessly research
0:09.7	in pursuit of your long-term goals.
0:12.8	Specialized across asset classes, but united in collaboration,
0:17.1	our teams provide global and local expertise.
0:20.7	Our investments shape tomorrow, today.
0:24.1	Pissue your tomorrow with PGM, a leading global asset manager.
0:30.0	I'm Akshatrati and this summer on my podcast Zero,
0:33.3	I'm doing a series about climate storytelling,
0:36.2	how we talk about climate change and what it means for how we confront it.
0:40.8	This week, I'm interviewing journalist Amy Westowelt
0:43.6	about reporting on the history of climate denialism.
0:46.8	I'm a big believer in the idea that you can't effectively solve a problem
0:51.6	if you don't really know where it came from.
0:54.6	Listen to Zero on the iHeart Radio app or wherever you get your podcasts.
1:25.4	I'm Bloomberg.com, the Bloomberg Terminal, and the Bloomberg Business app.
1:30.3	This is Joy and I'm going to cut to the chase
1:33.1	of what Ethan Harris really did.
1:35.7	There was a small shop that went under.
1:39.1	It was called Lehman Brothers and he was one of a select few
1:42.8	that provided immense stability to Lehman Brothers in the debris
1:48.1	after that. He migrated over to Bank of America,
	...

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