Surveillance: Stringer Urges NYC’s Wealthy To Set Up
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 16 September 2020
⏱️ 36 minutes
🧾️ Download transcript
Summary
Paul Donovan, UBS Global Chief Economist, says markets are too pessimistic about recovery from a crisis. Lindsey Piegza, Stifel Chief Economist, sees economy improving, but investors shouldn't get complacent. Robert Profusek, Jones Day Head of M&A, discusses the resurgence in global dealmaking. New York City Comptroller Scott Stringer says wealthy residents should be prepared to “step up and help” close a $4.2 billion deficit by paying higher taxes.
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Transcript
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| 0:00.0 | Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it. |
| 0:07.0 | I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and |
| 0:15.5 | I'm going to explore the lessons we can learn when creativity and ambition collide |
| 0:20.7 | with competition and power. |
| 0:23.0 | Listen to Crash Course every Tuesday on the IHeartRadio app, Apple Podcasts, |
| 0:28.0 | or wherever you get your podcasts. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.4 | Daily, we bring you insight from the best in economics, finance, investment, and international |
| 0:48.9 | relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.2 | on the Bloomberg. |
| 0:57.2 | Paul Dunnevin joins us with UBS, the global chief economist and just a wonderful perspective on the Pacific Rim. |
| 1:04.2 | The upside surprise, Paul Donovan, has been China. |
| 1:08.2 | I want to go back to the UBS heritage of Jonathan Anderson from years ago in the UBS expertise. |
| 1:14.0 | I don't want to know about Hong Kong or Shanghai or Beijing, |
| 1:17.0 | Paul Donovan. |
| 1:18.0 | What does UBSC and the rest of China we never speak of. |
| 1:23.0 | So the Chinese economy we saw this morning with the industrial production data. |
| 1:28.0 | Production is kicking back in. |
| 1:30.0 | China is a very interesting comparison to what we're seeing in the US and in Europe. |
| 1:36.0 | Because in the US and Europe, what's happened is consumers saved money during lockdown, |
| 1:41.1 | and then as lockdown's have ended, they've started started to spend it because that's what consumers do. |
| 1:45.0 | But in China the consumer was less able to save money. |
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