Surveillance: Tech Testimony With Square's McKelvey
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 29 July 2020
⏱️ 37 minutes
🧾️ Download transcript
Summary
Jim McKelvey, Square Co-Founder, Author of "The Innovation Stack," and St. Louis Federal Reserve Deputy Chair, discusses how much regulation Congress should wield over large tech companies. Jill Carey Hall, BofA Securities U.S. Equity Strategist, says she is cautious on the upside of U.S. markets because there could be payback risk from stimulus measures. Priya Misra, TD Securities Global Head of Rates Strategy, says the recent dollar weakness has been a result of the market listening to the Fed. Dennis Gartman, Retired Editor of The Gartman Letter, says gold has become a little too crowded. Al Broaddus, Former Richmond Fed President, weighs in on Fed policy as Congress works on fiscal aid.
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| 0:00.0 | When you get your news from Bloomberg, you don't just get the story. You get the story behind the story. |
| 0:07.0 | How your Evie's battery may not be as green as it seems. |
| 0:11.0 | Why a decrease in global birth rates could send countries scrambling to increase immigration. |
| 0:16.2 | You get context. |
| 0:17.6 | And context changes how you see things, how you change things, because context changes everything. Go to Bloomberg |
| 0:24.6 | dot com to get context. 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. |
| 0:49.7 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.2 | on the Bloomberg. |
| 0:57.5 | Folks, John and I went mental on this and that for the next nine hours there's going to |
| 1:01.5 | be a complete mythology of these gazillionaires, these technology |
| 1:05.7 | giants, and these politicians as they spar in Washington. |
| 1:10.4 | What we wanted to do is have a sane conversation with a doer, someone like Cook, someone like |
| 1:17.2 | Basos and the rest of them. |
| 1:19.8 | Jim McElvey is the McElvey School of Engineering at the Washington University of St. Louis. |
| 1:26.2 | He stumbled on a thing with a guy named Dorsey called Square and made a pile of money. |
| 1:31.9 | But that came out of his curiosity |
| 1:34.8 | and his innovation, in everything from glass blowing |
| 1:38.3 | to just simple engineering and Pascal language |
| 1:41.5 | from another time and place. |
| 1:43.0 | We're thrilled Jim McElvey can talk today |
... |
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