Surveillance: Jobs Recovery With Scalia
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 16 June 2020
⏱️ 36 minutes
🧾️ Download transcript
Summary
Eugene Scalia, U.S. Secretary of Labor, says we are making real headway on the employment picture. Mike Feroli, JPMorgan Chief U.S. Economist, says further stimulus would be insurance against a relapse into more economic weakness. Dr. Peter Hotez, Baylor College of Medicine Dean, says a widely distributed Covid-19 vaccine will not be ready by the end of this year. Kenneth Rogoff, Harvard University Public Policy and Economics Professor, says negative interest rates should absolutely still be on the table. Anne Richards, Fidelity International CEO, says dividend cuts by companies are not all permanent, but some will be.
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| 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, |
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| 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, on the |
| 0:56.4 | Bloomberg. |
| 0:57.4 | Well, let us get right to it. We've got lots in store here on our simulcast and we welcome |
| 1:01.4 | all of you. Right now now the Secretary of Labor of the |
| 1:04.2 | United States, Eugene Scalia and of course we're thrilled to have you on Mr |
| 1:08.6 | Secretary after this Supreme Court decision. How will the Department of Labor adapt and adjust immediately |
| 1:16.7 | to this historic decision? |
| 1:18.7 | Well, Tom, good to be with you and yes, it is an important decision the court issued yesterday. We at the |
| 1:26.1 | Labor Department don't have primary responsibility for administering that |
| 1:30.4 | particular law the equal employment opportunity |
| 1:33.0 | commission the EEOC is the agency charged with |
| 1:36.3 | administering title seven but we're certainly reading through the court's |
| 1:40.0 | decision and the court has ruled and will adhere to that. |
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