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Bloomberg Surveillance

Surveillance: Jobs Report Bolsters Stimulus Bets

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 5 February 2021

⏱️ 26 minutes

🧾️ Download transcript

Summary

Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund says the January jobs report doesn't change the overall narrative for more fiscal policy.Henrietta Treyz, Veda Partners Director of Economic Policy Research, explains why an infrastructure package will be hard to pass. Tiffany Wilding, PIMCO Chief U.S. Economist, discusses the pandemic-related distortions in the jobs data. Heather Boushey, U.S. Council of Economic Advisers Member, says the jobs numbers underscore the cost of inaction.

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Transcript

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0:00.0

Join us in New York on November 2 for the Bloomberg Technology

0:03.2

Transformation and the Strategic Sea Suite event.

0:06.2

Join CFOs and senior leaders in corporate finance and operations

0:09.9

for special evening briefing to discuss the sea suite's

0:12.6

increasingly strategic role in their organization's technology transformation.

0:17.1

Companies participating include Navistar, City,

0:20.0

Heimarchel, TDBG, UPS, and many more.

0:23.3

This program is proudly sponsored by IBM.

0:25.9

Register at BloombergLive.com slash transformation slash radio.

0:30.0

Music

0:40.0

Welcome to the Bloomberg surveillance podcast I'm Tom Keane.

0:43.5

Daily, we bring you insight from the best in economics,

0:46.7

finance, investment, and international relations.

0:49.9

Find Bloomberg surveillance on Apple podcasts,

0:52.9

soundcloudbloomberg.com, and of course, on the Bloomberg.

0:57.2

Right now, Jeffrey Rosenberg joining us with Black Rock

0:59.6

Airport Foley Manager of Systematic Multi-Strategy.

1:03.8

Jeff, how is the Black Rock called nuanced in the last two weeks?

1:07.7

The cacophony of noise and what we see within this job report?

1:11.9

How is the yield called morphed for Black Rock?

1:16.2

Well, it's really as Jonathan was just talking about,

1:19.6

you know, the changes that the focus is less on what the Fed is going to do

...

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