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Transcripts For BLOOMBERG Bloomberg Surveillance 20240711

The last 24 hours. Tom what is interesting is the microanalysis of france or germany. Interesting conclusions. Heres what matters. Hospitalization capacity and the number of deaths is front and center for the pros. Jonathan and for market participants, desensitized by the numbers, conditions by the experience of earlier in spring. Markets that if that markets go up, and if they policymakers step in. Tom it is real simple here. Yes, all of that is true, but. Lso noted, a society adapting stimulus may be, the adoption of a set of vaccines, but also corporations adjusting to try to better 2021. Jonathan lets hope we get some better economic data. 8 30 eastern, jobless claims just around the corner. We got from 3m this morning. They are going to cut 3 of their staff, 2900 jobs. This comes amid the concern, how much can we see these terrible pandemic numbers without longerterm impact on that future outlook in 2021 . At 8 00 a. M. , we are getting the rest of the opec meeting on out cuts on

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240711

Bloomberg radio, bloomberg television. Earlier this morning, mr. Macron in his military, earlier london at whitehall, the british military, prince charles, i believe, in attendance there, and jon, you have to wonder who shows up with President Trump today on veterans day in america that is a mystery. Jonathan we mark veterans day in the United Kingdom as remembrance day, the 11th day on the 11th month. We will see the president today, and that is important. Whether we hear from the president , two different things, and we would like to hear from the president to see where he stands on the contested election. It has been building up, particularly over the last couple of days. Tom were going to go to market right now. , one, lisaexplain abramowicz is not with us today, an important day off for her come up in the catskills trying to find the proper word for the fourth thursday of november. Dow futures up. Look at the vix, under 24. Jonathan this market is balled up. Jp morgan calling it m

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

Seen the abend flow. Flow. Ched the ebb and we are right now on this radio and tv simulcast in a major state of flux in terms of market dynamics. Jonathan in detention in europe continues to build. The lockdowns, if we can call them that, in the last 24 hours, versions of them in france and germany. And then the news out of nice, france, investigating a knife attack. I want to avoid speculation and stick with the facts. We are learning very little about what has happened in the last couple of hours. Tom it is an overlay on the pandemic. We just spoke with nicholas finn. , thee continent of europe boat capsizing on the English Channel a day ago. Immigration is different over there. The social tensions are different than america, arent they . Jonathan it is, but the social tensions in france are very unique at the moment around islamic terrorism and the weekly satirical nasa getting weekly hebdocal cartoon charlie has produced. We have seen this far too many times, and unfortunately we a

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

Is clearly it was a more civil debate. It was a debate where mr. Trump got much higher marks on first blush then he saw in the first debate, but with 11 days to go, i am going to say what i think say not what i think, maybe what we all think, but what we hear from the pros, the money matters, and the genoa one from delaware has the money the gentleman from delaware has the money. I saw a number of reports this morning that clearly, mr. Biden is ahead in this poll, that poll, but the president is tightening up, as was widely predicted. Jonathan 11 days to go before we can get a deal on capitol hill on fiscal stimulus between House Democrats and the administration and republicans. Lisa oh, come on. We are not getting a deal. Ifo want to say on pulling, say on polling, if the polls have it wrong, political polling, the whole industry is dead. I am interested to hear what larry kudlow says. He is joining some bloomberg show and some guy who hosts the show at that point. [laughter] jonathan

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

Television worldwide, good morning. 11 days to go on the election. What are we trying to do . We are trying to get through friday. This is a serious time, a serious debate last night. This pandemic has worsened worldwide. The challenge of a 3 trillion deficits. The civility of last night was noted. Jonathan it was civil. It was muted. But stark differences on the outlook, particularly over covid. The president promising a vaccine within weeks, and biden focusing on the failures of the administration and the winter ahead of us. The Vice President talking about winning hope over fear. That really goes to one of the themes this week we havent talked about, which is the partition of economic america. Lisa the idea that the jobless rate perhaps is going down, but stagnant at one rate. We got those initial jobless claims. The number of permanently unemployed americans, frankly those around the world, is increasing. It is going to take a long time to remedy some of the scarring taking place.

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