Surveillance: Merkel Has Been A Monolith, Schick Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 29 October 2018
⏱️ 24 minutes
🧾️ Download transcript
Summary
Michael Shaoul, Marketfield Asset Management Chairman, Portfolio Manger & CEO, says IBM hasn't managed to innovate. Shannon K. O'Neil, Council on Foreign Relations VP, Deputy Director of Studies, and Nelson and David Rockefeller Senior Fellow for Latin American Studies, says Brazil's elected President Bolsonaro models himself after U.S. President Trump. Neil Shearing, Capital Economics Group Chief Economist, wonders when the sugar high from the tax cut will start to fade. Nina Schick, Rasmussen Global Director of Data & Polling, says it will be tough for Germany to replace Merkel who is a "monolith" for her country and the EU.
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Transcript
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| 0:00.0 | Business stories aren't just about business. They're also about policy, politics, finance, and more. |
| 0:06.5 | With Bloomberg, you stay informed on global coverage that connects the dots. |
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| 0:22.0 | Find it in the Apple App Store or on Google Play. |
| 0:24.7 | Bloomberg in-car apps are sponsored by interactive brokers. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:40.0 | Daily, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.5 | Daly, 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 Bloomberg. I'm the Bloomberg. I want to bring in Michael Shell now Market Field Asset Management Chairman, Portfolio |
| 1:06.2 | Manager and CEO. He joins us here in New York. Good morning to you Michael. |
| 1:09.9 | Good morning. |
| 1:10.9 | Let's get to the IBM deal. 10 times sales for Red Hat, 33 billion dollars. What does Red Hat do and why does IBM need them? Is this all about the cloud? |
| 1:20.0 | I think it's all about IBM trying to catch up with a technology cycle that's you know left it trailing in the dust |
| 1:27.6 | Sounds a little late to me Michael I think it's it's extremely late and and you know somewhat desperate I'm not enough of an expert |
| 1:35.3 | to tell you whether it's a quote-unquote good deal or not or what exactly Red Hat brings to the |
| 1:40.4 | table but you know when I look at IBM I look at a company that used to be |
| 1:44.0 | triple A and is now single A and 19 years ago was one of the absolute dominant |
| 1:49.9 | corporate American companies in fact from what I remember it, it even managed the first |
| 1:54.4 | 18 months of the bear market and we're still near its high. And since then, has, you know, in |
| 2:00.3 | absolute terms, maybe not absolutely disastrous, but in relative terms in absolute |
... |
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