Surveillance: I Think About The Families On 9/11, Kean Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 11 September 2018
⏱️ 31 minutes
🧾️ Download transcript
Summary
William Lee, Milken Institute Chief Economist, says firms are substituting capital for labor. Walter Piecyk, BTIG Research Analyst & Managing Director, says electronic companies have high profit margins and they can use these to avoid price increases from tariffs. Margie Patel, Wells Fargo Asset Management, says the Fed is very transparent in what they are doing. And Thomas Kean, 9/11 Commission Chairman & Former New Jersey Governor, reflects on September 11, 2001
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| 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 insights. 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, |
| 0:47.8 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Apple Podcast, SoundCloud, |
| 0:53.8 | Bloomberg.com, and of course, on the Bloomberg. We need to cross over to a man that his career has taken him from the Federal Reserve |
| 1:06.8 | to the IMF and Citigroup somewhere in between. |
| 1:09.3 | Bill Lee, Milken Institute, Chief Economist William Lee joins us now. |
| 1:12.8 | William, great to catch up with you, sir. |
| 1:14.8 | Walk us through the effect of a hurricane this size |
| 1:17.2 | on the US economy. |
| 1:18.2 | We've kind of been through this before. |
| 1:20.2 | Just set us up for what could come and how the data could change over the coming quarters. |
| 1:24.4 | We have, but this is such a historic proportion, right? |
| 1:27.2 | I mean it seems as though the hurricane sizes and intensity have gone up over the years. |
| 1:31.9 | And what's different about this one is that it's striking a place that normally gets hurricanes but not as frequently as say Florida. |
| 1:37.8 | Florida is very accustomed to that and I think they have infrastructure and they're well set up that people are used to |
... |
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