Surveillance: Returning to Work With Rep. McHenry
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 8 July 2020
⏱️ 29 minutes
🧾️ Download transcript
Summary
Ebrahim Rahbari, Citigroup Global Markets Global Head of FX Analysis & Content, says Brexit uncertainty will inevitably weigh on sterling and that the currency has found its bottom. Rep. Patrick McHenry, U.S. House Financial Services Committee Ranking Republican, says a tapering down of unemployment benefits may help in safely getting America's workforce back to normal. Ron Kirk, Former U.S. Trade Representative, says U.S. trade tariffs have compromised our ability to access the tools we need to fight Covid-19. Austan Goolsbee, University Of Chicago's Booth School of Business Professor, says the economies in the U.S. and Sweden will have a hard time recovering if the virus is not contained soon.
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| 0:00.0 | There's so much news happening around the world that we're somehow supposed to stay on top of. |
| 0:05.5 | That's why we launched The Big Take. It's a daily podcast from Bloomberg and I Heart |
| 0:11.4 | Radio that turns down the volume a bit to give you some space to think. |
| 0:16.5 | I'm Wes Kossova. |
| 0:18.0 | Each weekday I dig into one important story and talk about why it matters. |
| 0:23.7 | Listen to the big take on the I Heart Radio app, |
| 0:26.6 | Apple Podcasts, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.4 | Daily, we bring you insight from the best in economics, finance, investment, |
| 0:47.8 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the |
| 0:56.5 | Bloomberg. |
| 0:57.5 | Even Mubarak has been with this many times with Citigroup and head of economic research for |
| 1:02.3 | that I'm working with Catherine Mann and working with a great team including |
| 1:05.6 | Edward Morse on petroleum and hydrocarbons. |
| 1:09.5 | Abraham, let me just talk about a greater idea of stimulus and endless debt even at a low interest rate. |
| 1:17.6 | Does that just assume currency depreciation or potential devaluation? |
| 1:25.0 | Tom and John, it's great to be on once again and that's a great question. |
| 1:30.0 | And my short answer is no, it does not. |
| 1:32.0 | And in fact, that's the point we've been making for our currency |
| 1:35.0 | forecast that in many cases it's the ability to stabilize the economy through these very |
| 1:40.7 | aggressive stimulus measures that in fact will pull in capital |
| 1:44.5 | inflows and will be a support for asset prices and therefore also the exchange |
... |
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