Surveillance: Trade War Takes Toll on Manufacturing, Swonk Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 22 October 2019
⏱️ 32 minutes
🧾️ Download transcript
Summary
Gina Martin Adams, Bloomberg Intelligence Chief U.S. Equity Strategist, says about 80% of companies are beating expectations this Q3. Daniel Katzive, BNP Head of FX Strategy North America, says the immediate risk of a no-deal Brexit has been removed. Sonali Basak, Bloomberg News, says WeWork is gravitating towards SoftBank with the hopes it will be "more patient." Diane Swonk, Grant Thornton Chief Economist, says the trade war has taken a toll on manufacturing activity. And Sara Senatore, Sanford C Bernstein Consumer Analyst, says McDonald's is doing well in developed economies.
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| 0:00.0 | With Bloomberg you get the story behind the story, the story behind the global birth rate, |
| 0:04.7 | behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context. |
| 0:10.8 | And context changes everything. Go to Bloomberg.com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:28.0 | Daily, we bring you insight from the best in economics finance investment and international relations |
| 0:34.4 | find Bloomberg surveillance on Apple Podcasts soundcloud bloomer.com and of course on the |
| 0:41.4 | Bloomberg. Pleased to say that joining Tom and I in a studio here in New York, |
| 0:47.0 | Gina Martin Adams, Bloomberg Intelligence Chief U.S. Equity |
| 0:51.0 | strategist. Isn't this a beautiful thing? |
| 0:53.3 | It's just a great. |
| 0:54.3 | Good morning to you, Gina. |
| 0:56.1 | Good morning. |
| 0:57.1 | Let's talk about earnings. |
| 0:58.1 | We're looking forward to catching up with you a lot over the next couple of weeks. |
| 1:00.6 | Your thoughts so far. |
| 1:02.1 | So far, so good. about 80% of companies are beating |
| 1:04.7 | expectations of course we're only about a fifth of the market cap through the |
| 1:08.1 | S&P 500 and it's all financials this morning's a little mixed you've got beats, a few misses, a little bit more mixed results. I'm very, very happy to see the forward guidance from some companies. I mean, this is one of our concerns is we were just going to have total radio |
| 1:23.5 | silence on for your guidance because there's so little visibility in the outlook. |
| 1:27.0 | There's never radio silence. It's always my worry I know there's |
| 1:32.3 | never radio silence for you. |
| 1:34.0 | A UPS out with numbers just now boosting their year outlook as well. |
| 1:39.0 | Gina, you've been crunching the numbers. |
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