Surveillance: Retail In Reset Period, Sadove Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 15 June 2020
⏱️ 29 minutes
🧾️ Download transcript
Summary
+Steve Sadove, Former Saks CEO & Mastercard Senior Adviser, says retail is in a reset period and a lot of stores will go under. Alan Ruskin, Deutsche Bank Chief International Strategist, says the U.S. government has done a remarkable job in front-loading policy easing on both the fiscal and monetary sides. George Magnus, University of Oxford Research Associate, says the production side of China's economy is recovering well, but the demand side has not been. Stephen Gallo, BMO European Head of FX Strategy, says the medium-term growth outlook will be heavily shaped by the success or failure of government intervention.
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 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. |
| 0:10.5 | The Bloomberg mobile app now features Apple Car Play and Android Auto so you can get the latest live radio, |
| 0:16.7 | podcasts and audio articles in the car. Download the Bloomberg Mobile App now to get started. |
| 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 | 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 | Certainly US retail sales are big focus 24 hours out. |
| 1:01.3 | I agree totally this is a, huge report folks and it goes beneath the control group to that breakout of |
| 1:08.0 | how retail does versus online retail. |
| 1:12.0 | And a good place, John John to start that discussion is with Stephen |
| 1:15.5 | Seidoff he's out of Hamilton College and then a terrific career working across big |
| 1:21.7 | corporations and marketing, messaging, merchandising, culminating in his tenure |
| 1:27.9 | where he single-handedly reinvented Sachs Fifth Avenue. |
| 1:32.0 | We're thrilled that the former chairman could join us this morning. |
| 1:36.0 | Steve, I want to know how retail continues to adapt to Amazon. What have you learned in this pandemic about how retail will take on |
| 1:46.2 | Jeffrey Bezos? Well I think Tom it's great talking with you and you always have such |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.