There's so much news happening around the world that we're somehow supposed to stay on top of.

That's why we launched The Big Take. It's a daily podcast from Bloomberg and I Heart

Radio that turns down the volume a bit to give you some space to think.

I'm Wes Kossova.

Each weekday I dig into one important story and talk about why it matters.

Listen to the big take on the I Heart Radio app,

Apple Podcasts, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene.

Daily, we bring you insight from the best in economics, finance,

investment, and international relations.

Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course,

on the Bloomberg.

Let's bring it Dan Alpert, shall we?

Westwood Capital Managing Partner, he joins us right now.

Dan, we kick things off this Monday still

reflecting on Friday through the weekend. The payroll's report and then the

president's actions put the two together for us Dan. Well the bottom line is that this rapid crash in U.S. employment, which is not getting recovered

from any time soon, threatens to descend further into systemic crisis.

We're going to see households unable to pay their bills and small and medium-sized

employers who give jobs to about 50% of American workers failing as aggregate demand collapses and

extended pandemic in you know

end of the central support to household so it's it's really going to be a

problem and you know you were talking about the equity markets a few minutes ago.

...