Surveillance: Weak Jobs Report
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 8 January 2021
⏱️ 31 minutes
🧾️ Download transcript
Summary
Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, says the weak jobs report reiterates the need for more fiscal policy. Rep. French Hill, (R) Arkansas, all the leaders in Washington on both sides of the aisle now need to focus on the peaceful transfer of power on January 20. Mujtaba Rahman, Eurasia Group Managing Director for Europe, says Europe's medium-term stability depends more on what happens with the French election than the German one. Tiffany Wilding, PIMCO Chief U.S. Economist, is optimistic about a re-acceleration of the economy in the back half of the year.
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| 0:56.2 | Bloomberg. |
| 0:57.2 | The first loss in jobs for an entire month since April we are seeing, the second wave of job losses the second wave of |
| 1:05.6 | the coronavirus and the second wave of pain hopefully jerking Congress |
| 1:10.4 | into more action at least that's the implication from Marcus |
| 1:12.9 | Jeffrey Rosenberg black rock portfolio manager of the systematic |
| 1:17.3 | multi strategy fund joining us right now your thoughts Jeff on this report |
| 1:21.4 | yeah I think you guys have it exactly right. |
| 1:24.0 | You look at that market reaction, and you see a slightly higher yields on what is a very disappointing report. |
| 1:30.0 | And it's really about looking through this report to its implications for |
| 1:33.6 | monetary for fiscal policy and yes you know fiscal policy expectations were high |
| 1:38.4 | this report just underscores the likelihood that will see significant additional fiscal stimulus in the new administration |
| 1:46.7 | from the new administration from the new Congress and that's why you're seeing a little bit higher yields. |
| 1:51.4 | You know the report is remarkably weak with regards to |
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