Surveillance: Tough Times Ahead For NY, Hochul Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 1 September 2020
⏱️ 34 minutes
🧾️ Download transcript
Summary
Kathy Hochul, New York Lieutenant Governor, urges the federal government to step in with with stimulus funding. Eswar Prasad, Cornell University Tolani Senior Professor of Trade Policy and Brookings Institution Senior Fellow, discusses outlook for the U.S. dollar. Gabriela Santos, JPMorgan Asset Management Global Market Strategist, says there is a tremendous amount of money on the sidelines in the U.S. that needs to be put to work. Gershon Distenfeld, AB Co-Head of Fixed Income, discusses the Fed’s evolving view of inflation.
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| 0:00.0 | On December 4th and 5th, against the backdrop of the United Nations Climate Change Conference, |
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| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, |
| 0:48.1 | and international relations. |
| 0:49.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the |
| 0:56.4 | Bloomberg. |
| 0:57.4 | This is the question I get 24-7. |
| 1:01.0 | When do the restaurants open, when do we take the risk the offices come back? When do we take the risk given |
| 1:07.6 | these wonderful statistics of getting ourselves back to some form of normal. |
| 1:14.0 | Well, thank you, Tom and Lisa, for having me back on this show. |
| 1:18.0 | Well, the answer is, we want to get back to full economic activity in the state of New York as well and we are the ones that are suffering as well because we're not seeing the revenues come in. |
| 1:29.5 | We have a dramatic shortfall because of this. |
| 1:32.0 | But that being said, there is a reason, |
| 1:35.0 | a very well thought out compelling reason |
| 1:37.5 | on why we went from having the highest rate |
| 1:39.8 | of infection in the country to now among the lowest 24 consecutive days less than 1% infection |
| 1:46.5 | right so people will say okay why aren't we all back to normal well here's |
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