Surveillance: Hawkish Cut From Fed, Luzzetti Expects
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 29 October 2019
⏱️ 35 minutes
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Summary
Russ Koesterich, BlackRock Global Allocation Fund Portfolio Manager, says as long as the consumer continues to grow at its current pace, we can be "reasonably confident" we're not on the cusp of a recession. Peter Dixon, Commerzbank Global Equities Economist, says the European economy looks very sluggish compared to the United States. Matthew Luzzetti, Deutsche Bank Chief U.S. Economist, explains why Jerome Powell will orchestrate a hawkish cut tomorrow. Cheryl Miller, AutoNation CEO, says the majority of vehicles are purchased on credit and she feels good about the consumer. And Jennifer Bartashus, Bloomberg Intelligence Senior Analyst, says Beyond Meat is more like a technology company than a food one.
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| 0:00.0 | Join us in New York on November 29th for the Bloomberg Canadian Finance Conference, |
| 0:04.6 | proudly sponsored by National Bank of Canada Financial Markets. |
| 0:07.8 | 2023 marks the 11 year anniversary of our Canada focused event and continues the tradition of providing timely |
| 0:13.8 | insights and actionable strategies. We'll have senior government |
| 0:17.1 | officials from Saskatchewan, Quebec, British Columbia, Alberta and Ontario as well |
| 0:21.9 | as speakers from Northland Power, World Bank, Transolta, and many more. |
| 0:26.0 | Register at Bloomberg Live.com I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.1 | on the Bloomberg. |
| 0:57.1 | Pleased to say that Russ Kostrich joins us in the studio, Black Rock Global |
| 1:01.6 | allocation Fund portfolio manager, good morning to you Russ. |
| 1:04.8 | Where do you fall on that debate right now? |
| 1:06.3 | That's the big one of the last couple of weeks that maybe peak pessimism is behind us, |
| 1:10.9 | Treasury yields of bottom, the bottoms are in for 2019. |
| 1:14.1 | What are your thoughts? |
| 1:15.1 | I think it's probably right. |
| 1:16.9 | You've taken a lot of tail risk out of the market the last month. |
| 1:19.9 | You've made progress on trade and it's not a permanent deal but it will at least |
| 1:23.7 | alleviate some of the tension. The risk of a hard-bree exit has gone down. The economic |
| 1:28.8 | numbers appear to be stabilized and you're having a decent earning season. So |
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