Surveillance: Stimulus Talks With Kudlow
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 4 December 2020
⏱️ 38 minutes
🧾️ Download transcript
Summary
Lawrence Kudlow, National Economic Council Director, doesn't know if a stimulus bill can be passed before the election. Afsaneh Beschloss, RockCreek Group CEO, says investments in renewable energy have been moving faster than those in oil and gas during the pandemic. Lale Topcuoglu, JOHCM Senior Fund Manager, says the U.S. will likely reach a stimulus agreement no matter which party wins the election, but the size of the package will be dependent on the victor. Pat Foye, MTA Chairman & CEO, says the MTA will be forced to make drastic draconian service cuts if they do not receive stimulus funding soon.
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| 0:00.0 | Join us in Seattle on November 8th for Bloomberg's intelligent automation briefing about transformation in a time of uncertainty. During this special evening event, top business and IT executives will gather to explore ways in which intelligent automation can offset economic |
| 0:15.8 | pressures and help organizations thrive by enhancing operational efficiencies and stakeholder |
| 0:21.2 | value. |
| 0:22.3 | This program is proudly sponsored by IBM. Register at |
| 0:25.7 | Bloomberg Live.com slash automation slash radio. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:33.0 | Daily, we bring you insight. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.0 | Daily, we bring you insight from the best in economics, finance, investment, and international relations. |
| 0:49.5 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.0 | on the Bloomberg. |
| 0:57.0 | For our audience worldwide on Bloomberg TV and Bloomberg Radio, we can get the White House reactions |
| 1:01.3 | to this number. |
| 1:02.3 | I'm very pleased to say that |
| 1:02.9 | joining us now is Larry Kudlow National Economic Council director. |
| 1:07.3 | Larry, let's start right there. Downside surprise on the payrolls report. |
| 1:11.4 | People we speak to in the last hour the last 90 minutes all |
| 1:15.8 | say the same thing this makes it more likely to get a deal down in DC does it |
| 1:20.5 | make it a difference to you Larry? |
| 1:36.7 | Well look I just want to say I don't think this was such a bad jobs report. Okay? It may have come in a wee bid under expectations, but I don't know what that means. 6.7% unemployment rate is big news. |
| 1:40.5 | The CBO and others didn't expect single digits until early 2021. |
| 1:45.0 | So we got the single digits the last couple of months, 6.7. |
| 1:49.0 | And incidentally, importantly to everybody, if you look under the hood, the biggest drops in unemployment were |
| 1:57.4 | in the minority groups, African Americans, Hispanics, Asians, and let me add, it's not a minority group, it's a majority group, |
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