Surveillance: U.S. Jobs Report With Kudlow
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 7 August 2020
⏱️ 43 minutes
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Summary
Larry Kudlow, National Economic Council Director, says the shape of the next relief package is still up in the air. Jeffrey Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says the fiscal policy support for financial markets is being funded in the treasury market. Jay Bryson, Wells Fargo Chief Economist, says big employment gains may be behind us as states reverse or halt reopening efforts. Keith Lockhart, Boston Pops Conductor, looks ahead to this year's socially-distanced Fourth of July Fireworks Spectacular.
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| 0:23.0 | Learn more at Bloomberg surveillance podcast. I'm Tom Keene. |
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| 0:55.9 | on the Bloomberg. |
| 0:57.3 | From New York City for our audience worldwide for the White House's view on the Joff report, |
| 1:00.8 | I'm very pleased to say on Bloomberg TV and Bloomberg |
| 1:03.0 | radio we're joined by Larry Cardlow National Economic Council director Larry |
| 1:07.7 | fantastic to catch up with you sir you're looking well let's get straight to |
| 1:11.4 | it pay rolls looking good what does that pay rolls |
| 1:14.0 | report mean for the talks that you guys are having on Capitol Hill on the next steps |
| 1:18.4 | over fiscal policy well look I think the continued rise in payrolls, and bear mind, Jonathan, you know, this was a |
| 1:26.2 | hot spot payroll report. This was July 20th to 18, and the surging hot spots in the south and west and some other places began in the back end of June and lasted through July. |
| 1:39.0 | You know, there was some pullback of reopening and so forth. |
| 1:42.0 | And yet, and yet we still got 1.8 |
| 1:45.9 | million with a big decline almost a full percentage point drop in the unemployment |
| 1:50.6 | rate which will move to single digits easily in the summer and fall. |
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