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Bloomberg Surveillance

Surveillance: Stimulus Standoff With Furman

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 13 August 2020

⏱️ 42 minutes

🧾️ Download transcript

Summary

Tony Dwyer, Cannacord Genuity Chief Market Strategist, says a negative feedback loop will become great enough that lawmakers in Washington will reach a stimulus deal. Lisa Hornby, Schroder Investment U.S. Fixed Income Portfolio Manager, says there is a tremendous dislocation between where markets are trading today and what the underlying economy tells us. Leland Miller, China Beige Book CEO, says the chances of seeing a broad-based solution regarding President Trump's ban of WeChat is quite low. Ian Lyngen, BMO Capital Markets Head of U.S. Rates Strategy, says the recent spike in Covid-19 cases has not flowed through the labor market yet. Jason Furman, Harvard Professor and Former Chairman of the Council of Economic Advisers during the Obama Administration, says it is unlikely that an economic stimulus deal from Congress will be reached this month.

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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 Podcasts, SoundCloud, Bloomberg.com and of course

0:56.1

on the Bloomberg.

0:58.0

Joining us now, Tony Dwyer, Canichord Generity Equity Strategist, he joins us on a phone.

1:02.1

Tony, great to hear from you, sir.

1:03.7

Are you more preoccupied with what's going right or what could go wrong?

1:08.4

So, John, back in 2009, I remember I was sitting in an industrial company conference and they were going through multiple

1:16.9

slides of what their contingency plans were.

1:19.6

This was in the summer of 2009, so the market was up 50 percent, but you were still kind of in the grip of the great

1:25.0

financial crisis and people were looking at each other saying how can the market

1:28.6

be up so much so at this conference this company's talking about what

1:32.1

could their contingency plans on what could go wrong

1:35.0

if when it goes wrong I raised my hand and I said have you guys ever got a contingency plan of what could go right

1:42.0

and the what could go right is always

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