Surveillance: Job Market Still Resilient, Herrmann Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 15 August 2019
⏱️ 44 minutes
🧾️ Download transcript
Summary
Russ Koesterich, BlackRock's Global Allocation Team Portfolio Manager, says our economy is increasingly dependent on the consumer. Jeff Currie, Goldman Sachs Global Head of Commodities Research, says iron ore is the "canary in the coal mine." Sarah Halzack, Bloomberg Opinion Columnist, recaps Walmart earnings. John Herrmann, Mufg Securities Americas Director of U.S. Rate Strategy, says the U.S. job market is still resilient. And Julian Jackson, "De Gaulle" Author, discusses France's history and its reflection on present day politics.
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | On December 4th and 5th, against the backdrop of the United Nations Climate Change Conference, |
| 0:05.2 | Bloomberg Green will convene the foremost leaders in business, finance, policy, academia, |
| 0:10.3 | and NGOs for candid conversations focused on creating solutions to support |
| 0:14.9 | the goals set forth at COP28. Join our community of global influencers and |
| 0:19.5 | problem solvers in Dubai to build connections, inspire innovation and challenge the status quo in the |
| 0:25.1 | battle against climate change. Register at Bloomberg Live. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, |
| 0:48.1 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com. And of course, |
| 0:53.0 | soundcloud, Bloomberg.com, and of simple, 30-year bond midnight hit a low of a 196-ish and we just went through |
| 1:11.2 | that Lisa moments ago to a new low 30 year bond yield. |
| 1:14.6 | Yeah 1.959%. The question is will this spur people to actually borrow more money or |
| 1:22.0 | does this indicate slowing growth that |
| 1:24.2 | won't have any kind of positive effect on the economy? |
| 1:26.3 | Why did you ask that first question to our esteemed guest here because you know that's a |
| 1:30.3 | perfect Russ Kostrich? Yes of Black, thank you so much for being here. |
| 1:35.0 | I mean, that is sort of the key question, right? |
| 1:36.6 | What can the Fed do at this point? |
| 1:38.0 | What can lower rates do? |
| 1:39.4 | Will that actually stimulate the economy from here? |
| 1:42.0 | I think it cushions the economy. Can you stimulate it? Well, |
... |
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.

