Surveillance: Slow Recovery With Fed's Harker
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 15 July 2020
⏱️ 30 minutes
🧾️ Download transcript
Summary
Patrick Harker, Philadelphia Fed President, says the economy can't get back to full throttle until we get the virus under control. Paschal Donohoe, Ireland Finance Minister, says big digital companies like Apple need to be taxed fairly and effectively. Dan Tannebaum, Oliver Wyman Partner, says investors evacuating the Hong Kong market at this point would be acting prematurely. Jared Woodard, Bank of America Securities Head of Research Investments Committee, says investors should start taking a peak at European banks for potential dividends.
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Transcript
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| 0:00.0 | Join us in New York on November 29th for the Bloomberg Canadian Finance Conference, |
| 0:04.6 | proudly sponsored by National Bank of Canada Financial Markets. |
| 0:07.8 | 2023 marks the 11 year anniversary of our Canada focused event and continues the tradition of providing timely |
| 0:13.8 | insights and actionable strategies. We'll have senior government |
| 0:17.1 | officials from Saskatchewan, Quebec, British Columbia, Alberta and Ontario as well |
| 0:21.9 | as speakers from Northland Power, World Bank, Transolta, and many more. |
| 0:26.0 | Register at Bloomberg Live.com I'm Tom Keene. |
| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcast of course on the Bloomberg. |
| 0:55.0 | We start with some timely economic data. |
| 0:59.0 | The July report on Empire Manufacturing from New York |
| 1:02.0 | turns positive for the first time since February 17.2 a significant increase there and we see new orders production and even employment turned slightly positive. |
| 1:12.8 | So that is New York. |
| 1:13.8 | What is happening in Pennsylvania and the second district of the Federal Reserve? |
| 1:18.8 | Joining us now is Patrick Harker. |
| 1:20.7 | He is the president of the Philadelphia Fed. |
| 1:23.2 | Good morning to you, Pat, and thanks for joining us. |
| 1:26.3 | I want to ask you off the top how things are going |
| 1:29.1 | in the Pennsylvania area. |
| 1:30.1 | I know that the COVID case rate has risen a little bit. |
| 1:33.0 | Are you concerned that you fall back into the same situation that we're seeing in the Sunbelt states? |
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