Surveillance: Market Sell-Off with Weinberg
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 27 January 2020
⏱️ 35 minutes
🧾️ Download transcript
Summary
Carl Weinberg, High Frequency Economics Chief Economist and Managing Director, says the the Coronavirus uncertainty hit may be smaller than markets are currently pricing in. Thomas Mulier, Bloomberg Healthcare Editor, says China is trying to 'catch-up' to the Coronavirus outbreak, as new medical facilities are being built in Wuhan. Kit Juckes, Societe Generale Chief FX Strategist, says emerging markets are going to have a rough time if the U.S. economy is growing slowly. Ian Shepherdson, Pantheon Macroeconomics Chief Economist, says investors are using the Coronavirus as an opportunity to cash in on profits. Jared Bernstein, Center on Budget & Policy Senior Fellow and former Chief Economist & Economic Adviser to Vice President Joe Biden, says the political middle in the U.S. has shifted from 10 years ago.
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Transcript
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| 0:00.0 | The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. |
| 0:05.7 | However, we can create spaces where people can freely kick the tires of their preconceived notions. |
| 0:11.2 | I'm Tim O'Brien, and I'm the senior executive editor at |
| 0:13.8 | Bloomberg Opinion. On our platform we ask tough questions and solve complex |
| 0:18.1 | problems with the facts in mind. Because context changes how you see things and |
| 0:22.4 | how you change things. |
| 0:23.6 | Context changes everything. |
| 0:25.6 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best in economics, finance, investment, |
| 0:48.0 | and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.2 | on the Bloomberg. |
| 0:57.8 | Carl Weinberg joins us now to reframe the growth debate this morning. |
| 1:01.9 | Carl, do you take the entire high frequency |
| 1:05.8 | economics view and ratchet it down? |
| 1:08.3 | Where are you now for global growth and US growth? |
| 1:11.8 | Well, US growth, we think the U.S. economy is doing well enough in domestic demand |
| 1:16.5 | to outweigh the slowdown in world trade, the contraction of world trade that we're actually seeing. |
| 1:21.0 | Give me some numbers. |
| 1:22.0 | Well, we're talking about world trade being down about half a percent year over year |
| 1:26.3 | world global exports and that's only happened five times before in the last |
| 1:30.3 | 50 years so it's a notable event. |
... |
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