Surveillance: Sluggish Economy with Calvasina
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 6 September 2023
⏱️ 35 minutes
🧾️ Download transcript
Summary
Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, says the US is staring down the barrel of a sluggish economy. Nela Richardson, ADP Chief Economist, says the Fed's job is more complicated now. Kevin Book, Clearview Energy Partners Co-Founder, says there is still room to run for oil. Alan Ruskin, Deutsche Bank Chief International Strategist, says a Fed cut could cause a weaker dollar and potentially ease some China pressures. David Lebovitz, JPMorgan Asset Management Global Market Strategist, expects airlines to continue to raise prices to defend their margins.
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Transcript
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| 0:00.0 | Is inflation finally on the retreat? Can labor markets withstand an economic slowdown and demographic |
| 0:05.9 | headwinds? Will the tense geopolitical climate ease or escalate? This is the Outthinking |
| 0:11.4 | Investor. Join us as we re-examine the past, present-day opportunities and future possibilities |
| 0:18.3 | in global capital markets. The Outthinking Investor, an award-winning |
| 0:23.2 | podcast from PGIM. This podcast is intended solely for professional |
| 0:27.1 | investor use. Past performance is not a guarantee of future results. |
| 0:30.5 | No one just watches a movie anymore. They play the video game, screen the soundtrack, |
| 0:34.8 | and binge the companion podcast. Boundaries between Hollywood and Silicon Valley have blurred, |
| 0:39.2 | and everyone is scrambling for one thing. Screen time. Join me, Lucas Shaw, for Bloomberg |
| 0:44.2 | Screen Time. Our new LA event that will connect entertainment's brightest minds, with guests |
| 0:49.1 | like Ted Sarandas of Netflix, insecure creator Issa Rae, and podcast King Bill Simmons. Catch |
| 0:54.6 | it on October 11th and find out more at BloombergLive.com slash screen time. |
| 1:25.6 | Let's get to the conversation and start at this morning with Laurie Cavassina, Head of |
| 1:29.6 | US Equity Strategy over at RBC Capital Mark. It's Laurie Good morning to you. Let's start |
| 1:34.0 | with that move in Crude. Is that a wrinkle in the soft landing dream? Crude getting back |
| 1:39.5 | to 90 again. |
| 1:40.5 | Well, thanks for having me as always, John. I think there are so many wrinkles right now. |
| 1:45.1 | I think you can add this to a conflicting cross-current list. On the one hand, I think |
| 1:51.0 | the last thing consumers need at this point in time, especially as we're heading into this |
| 1:54.5 | student landing issue, which is, you know, in general, a lot of uncertainty on the street |
| 1:58.4 | is a spike in oil prices and gas prices. On the other hand, if we get the energy sector |
| 2:03.2 | working, and I think that happens as oil prices move up, that does, you know, potentially |
... |
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