Tom Keene, Jon Ferro, and Paul Sweeney have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets.
Surveillance Special: Generation Interrupted
The coronavirus pandemic, and ensuing recession, has had an outsized impact on Generation Z. Young people have had their education disrupted, career plans upended and financial prospects diminished.
Lisa Abramowicz brings us more in this Bloomberg Surveillance special report.
Surveillance: Data Deluge With Citi's Mann
Mike Wilson, Morgan Stanley Chief U.S. Equity Strategist, sees a raging bull market below the surface. Tobias Adrian, IMF Director for Monetary and Capital Markets Department, says excessive risk-taking is a worry in the near term. Catherine Mann, Citi Global Chief Economist, says the U.S. economy may return to the pre-Covid level of GDP in second-quarter of 2021. Brian Kelly, The Points Guy CEO, discusses the future of travel in the Covid-19 era.
Surveillance: The Politics of Noise With Sunstein
Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, expects next year to be another tech and growth year. Kathy Hochul, New York Lieutenant Governor, warns it will be a crisis situation if coronavirus numbers continue on their current path. Frederic Mishkin, Former Federal Reserve Governor and Columbia University Professor, says Janet Yellen is highly qualified to handle policy as the next U.S. Treasury Secretary amid the Covid-19 pandemic. Cass Sunstein, Harvard Law Professor, Author of "Too Much Information" and Bloomberg Opinion Columnist, makes sense of the political noise.
Surveillance: Recovery Risk With Reinharts
Carmen Reinhart, World Bank Chief Economist and Vincent Reinhart, Mellon Chief Economist look at how the coronavirus pandemic is affecting the global economy and financial markets. Alan Ruskin, Deutsche Bank Chief International Strategist, discusses why he expects dollar-renminbi to take over as a dominant currency pair. Dr. Deborah Fuller, University of Washington School of Medicine Microbiology Professor, says at least 50-60% of the population will need to be vaccinated in order to stop this pandemic. David Rosenberg, Rosenberg Research Chief Economist & Strategist, sees a release of pent-up demand once a vaccine is broadly distributed.
Surveillance: Speedy Stimulus Needed, Says Bernstein
Jared Bernstein, Center on Budget and Policy Priorities Senior Fellow and member of Joe Biden's Presidential Transition Team, says delays in the transition process are coming at great cost to public health and the economy. Dr. David Reich, President of The Mount Sinai Hospital and Mount Sinai Queens, says the second wave in New York is a less severe surge than the first wave. Anna Han, Wells Fargo Securities Equity Strategist, says there will be pedestrian growth in 2021 in the U.S. as equity volatility remains elevated. Torsten Slok, Apollo Management Chief Economist, says the dynamism of the U.S. economy is not being impacted despite facing Covid-19 headwinds.
Surveillance: Mester Says Fed Policy in Good Place
Loretta Mester, Federal Reserve Bank Cleveland President, says she's concerned about the lack of fiscal policy. Patrick Foye, MTA Chairman & CEO, warns of drastic service cuts without aid from Washington. Dr. Jonathan Quick, The Rockefeller Foundation Managing Director for Pandemic Response, Preparedness, and Prevention, says the U.S. is on a grim pathway to over 400,000 coronavirus deaths by March. Nathan Sheets, PGIM Fixed Income Chief Economist & Head of Global Macroeconomic Research, sees a rocky road to recovery.