Surveillance: Trade Issue Front & Center, Kostin Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 8 August 2019
⏱️ 30 minutes
🧾️ Download transcript
Summary
Steve Wieting, Citi Private Bank Chief Investment Strategist, doubts that the Fed has any insight of what's next on trade. David Kostin, Goldman Sachs Chief Equity Strategist, says the gap between bond and earnings yields is the highest we've seen in a long time. Sonia Meskin, Standard Chartered U.S. Economist, discusses the outlook for the U.S. economy. And Annie Massa, Bloomberg Asset Management Reporter, discusses her Bloomberg Businessweek story, "Asset Managers With $74 Trillion on Brink of Historic Shakeout."
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Transcript
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| 0:00.0 | To me, context is about pattern recognition. |
| 0:02.8 | It's connecting the dots. |
| 0:04.4 | It's giving readers an ability to synthesize |
| 0:07.6 | a number of different perspectives |
| 0:09.2 | so they can understand how the greater whole works, |
| 0:12.0 | because nothing really occurs in isolation anymore. |
| 0:14.4 | I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion. |
| 0:18.0 | On our platform, we ask tough questions and solve complex problems with the facts in mind. |
| 0:23.0 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg Surveillance Podcast, I'm Tom Keene. |
| 0:40.0 | Daily, we bring you inside. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene. |
| 0:43.5 | Daly, 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. |
| 0:59.5 | In global markets are raising a loss of as much as 2% on the S&P 500 for only the fifth time since |
| 1:06.0 | this bull market started back in 2009. |
| 1:09.0 | Weng in Steve Widing, City Private Bank, Chief Investment Strategies, good morning you Steve. Your thought. Steve effect of the trade war heating up, the countermeasures and the currency markets, the fact that |
| 1:27.7 | markets would fixated on a seven reading being some magical number for the Chinese currency, for example, trying to get used to it and just |
| 1:35.8 | looking back to other market events where we've had turmoil and currency markets spill over |
| 1:41.4 | to other asset classes. So there may not be a lot of news |
| 1:44.6 | at the moment on this and markets have calmed down a bit but we're still sort of in the |
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