Surveillance: U.S. Is Now A Service Economy, Treyz Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 31 May 2019
⏱️ 28 minutes
🧾️ Download transcript
Summary
Eric Farnsworth, Council of Americas Vice President, says the U.S. is going down a path that requires Mexico to react negatively. Laura Rosner, Macropolicy Perspectives Senior Economist, expects inflation to revert back to 2% over the next 6-12 months. Henrietta Treyz, Veda Partners Director of Economic Policy, recommends stacking up on avocados, in case the U.S. increases tariffs on Mexico. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, advises to buy utility stocks today because they have "relative immunity" to trade war fears.
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| 0:58.0 | And we could get some headlines to hear what the Mexican responses to all of this. |
| 1:02.0 | And I agree with it at 802 Wall Street Times. headlines to hear what the Mexican responses to all of this. |
| 1:02.6 | And I agree with it at 802 Wall Street time, the shock of the President's tweet and |
| 1:07.4 | then getting to this Friday morning in Washington, which is a good reason to speak with Eric Farnsworth, Council of the Americas and the America Society, and he joins us today with immense experience on the border and the issues. |
| 1:24.2 | Eric, an open question to begin the discussion. |
| 1:28.1 | What was your reaction when you saw the presidential tweet? Well, good morning to both of you it's great to be with |
| 1:35.2 | you. Reaction was surprise a little bit of shock and some frustration because truly in |
| 1:41.7 | order to address these issues we have to work together with Mexico by definition |
| 1:46.4 | uh... and it seems that the president is uh... now uh... threatening mexico and saying |
| 1:51.0 | unless you do things which you know we're demanding we're really |
| 1:54.7 | going to make your life a lot more difficult I'm not sure that's the way to |
... |
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