Surveillance: Stimulus Not Debatable, Hochul Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 16 October 2020
⏱️ 32 minutes
🧾️ Download transcript
Summary
Kathy Hochul, New York Lieutenant Governor, says New York state cannot risk its economic recovery because of hot spots with high infection rates. James Athey, Aberdeen Asset Management Investment Director, doesn't expect Fed policy to change based on the U.S. election outcome. Jeffrey Howard, UCL Associate Professor, discusses how Trump's rhetoric could have an effect on the results of the election. Chetan Ahya, Morgan Stanley Chief Economist & Global Head of Economics, says the economic data continues to support a v-shaped recovery.
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| 0:57.6 | Right now, an update, but it can be an update about Washington as well, from Buffalo and from Albany and from New York City. |
| 1:05.1 | Kathy Hockel joins the lieutenant governor of the Empire State. |
| 1:09.3 | Kathy, I want to go right to the stimulus |
| 1:11.8 | in the great contention that aid is necessary for states, cities, and towns. |
| 1:18.5 | And there's a debate about this. |
| 1:20.4 | The only thing that's going to catalyze that are furloughs and layoffs. |
| 1:25.0 | How close are you and Governor Cuomo to furloughs and layoffs? |
| 1:30.0 | Well, first, thanks for I have me on the show, but let me first address even why there's even debate as to whether or not we need stimulus. |
| 1:37.0 | I don't understand how anyone would conclude that we cannot survive without a stimulus package. |
| 1:42.0 | Here's why. We never anticipated having to deal with a global |
| 1:46.1 | pandemic when our budget was put together. Not New York, not any other state in the nation. |
| 1:51.3 | We have incurred extraordinary expenses. We've had a huge hit to |
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