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Bloomberg Surveillance

Surveillance: Jobless Aid With Scalia

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.81.2K Ratings

🗓️ 26 May 2020

⏱️ 39 minutes

🧾️ Download transcript

Summary

Mona Mahajan, Allianz Global Investors, discusses the importance of being selective when investing in a risk/reward industry like the airline sector. Labor Secretary Eugene Scalia discusses whether the $600 unemployment supplement should be extended when the program expires in July. Dan Tarullo, Former Federal Reserve Governor, says income support for the nation's unemployed needs to be the highest priority right now. Nelson Griggs, Nasdaq Stock Exchange President and Nasdaq's Corporate Services Business EVP, says there is a chance of a healthy IPO sector as markets look to recovery. Neysa Ernst, Johns Hopkins Hospital Department of Medicine Nurse Manager, says Covid-19 was a big wake up call about how limited ICU nursing resources are.

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Transcript

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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 inside. 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 Podcasts, SoundCloud, Bloomberg.com, and of course, on the

0:56.5

Bloomberg. Right now we're going to get proportionally smarter on a Tuesday.

0:59.7

Mona Mahajan joins us from Alleons here as we consider not so much investment strategy, but the

1:06.1

shock and awe of S&P 3000 and Dow 25,000. Bona, it has been an un-un-loved bull market.

1:16.2

How bull market is this or is this a pause along the way along the struggles of this pandemic?

1:22.4

Yeah, you know, first of all, thanks for having me. along the struggles of this pandemic.

1:23.0

Yeah, you know, first of all, thanks for having me.

1:25.0

This is a great new format enjoying it immensely,

1:28.0

but certainly that 3,000 level, Tom, on the S&P,

1:31.0

is something that's not only psychological, but it happens to be close to the 200 day moving average so it does have some technical significance as well.

1:39.0

We certainly think that if we can get through that, break through that and sustain that for at least a few days, that is meaningful in terms of perhaps moving some opinions over to more bullish stands.

1:51.0

You know, to us, clearly this has been a bifurcated market. The

1:55.6

winners and the S&P have been tech and health care and the unloved cyclical

...

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