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Today, we're joined by Bloomberg News reporter Craig Torres. The Federal Reserve has released a report looking into the collapse of Silicon Valley Bank last month. What did the Fed find?
Some of the nation's largest banks are teaming up to come up with a plan to fight off hackers. For more, KCBS Radio news anchor Megan Goldsby spoke with Bloomberg News reporter Craig Torres
Craig Torres, Federal Reserve and U.S. Economy Reporter for Bloomberg News, has the latest on President Biden's decision to nominate Jerome Powell to lead the Federal Reserve for another term. Brian Vendig, President of MJP Wealth Advisors, gives his market outlook following Powell's re-nomination. Ian Lyngen, Managing Director and Head of US Rates Strategy in the BMO Capital Markets Fixed Income Strategy Team, further breaks down the selection of Jerome Powell and what impact it may have on investors. Dan Ives, Managing Director and Senior Equity Analyst at WedBush Securities, discusses the outlook for electric vehicle and tech markets. Hosted by Paul Sweeney and Taylor Riggs. See omnystudio.com/listener for privacy information.
The Federal Reserve is theoretically above the fray in Washington, but in these hyperpartisan times both Democrats and Republicans are keen to keep the chair's seat in their camp. As a result, President Joe Biden has a tough decision to make this fall in whether to retain the central bank's current chair, Jerome Powell, who happens to be a Republican. On this week's podcast, host Stephanie Flanders delves into Biden's options with Bloomberg Fed reporters Craig Torres and Rich Miller. Also on this week's episode, Bloomberg senior editor Brendan Murray cruises the River Thames to share how the Port of London, once the world's busiest, is regaining some of its past glory. And, Zurich-based economics reporter Catherine Bosley, Dublin-based reporter Peter Flanagan and Dublin bureau chief Morwenna Coniam explain why European tax havens are so stressed over a proposed global minimum corporate tax rate. That U.S. politicians are debating Powell's fate may be a bit perplexing, given his fans in both parties and that many contend he did a good job steering the economy through the first 18 months or the pandemic. Still, some progressives fault him for being too lax in regulating Wall Street and not vocal enough when it comes to income inequality and Black unemployment. If Biden sticks with Powell, it would be another signal that he's serious about bipartisanship. One possible maneuver discussed on this podcast: keep Powell in place, but fill three other board seats with candidates more to the left's liking. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Guests: Bloomberg Politics contributor Jeanne Sheehan Zaino, Rep. Greg Steube (R-FL), Bloomberg Washington D.C Bureau Chief Craig Gordon and Bloomberg Federal Reserve reporter Craig Torres
Guests: Bloomberg Politics contributor Jeanne Sheehan Zaino, Rep. Greg Steube (R-FL), Bloomberg Washington D.C Bureau Chief Craig Gordon and Bloomberg Federal Reserve reporter Craig Torres
Guests: Republican Arkansas Congressman French Hill, Craig Torres, Bloomberg Federal Reserve reporter, George Seay, CEO of Annandale Capital, and Brad Blakeman, Republican Strategist and Former Deputy Assistant to Pres. George W. Bush.
Guests: Republican Arkansas Congressman French Hill, Craig Torres, Bloomberg Federal Reserve reporter, George Seay, CEO of Annandale Capital, and Brad Blakeman, Republican Strategist and Former Deputy Assistant to Pres. George W. Bush.
Jeffry Frieden is a professor of government at Harvard University where he specializes in the politics of international monetary and financial relations. Jeff is the author of many articles and books including *Currency Politics: The Political Economy of Exchange Rate Policy* and *Lost Decades: The Making of America’s Debt Crisis and the Long Recovery*. He joins the show today to talk about some of his work. David and Jeff also explore what has led to the recent rise in populism across the nation, the difficulty of interregional labor mobility and its economic effects, and current issues within the Eurozone. Transcript for the episode: https://www.mercatus.org/bridge/podcasts/07012019/rise-populism-labor-mobility-and-eurozone Jeff’s Twitter: @jafrieden Jeff’s Harvard profile: https://scholar.harvard.edu/jfrieden Related Links: *Currency Politics: The Political Economy of Exchange Rate Policy* by Jeffry Frieden https://press.princeton.edu/titles/10364.html *Lost Decades: The Making of America’s Debt Crisis and the Long Recovery* by Jeffry Frieden https://scholar.harvard.edu/jfrieden/publications/lost-decades-making-americas-debt-crisis-and-long-recovery *Populism in Place: The Economic Geography of the Globalization Backlash* by J. Lawrence Broz, Jeffry Frieden, and Stephen Weymouth https://scholar.harvard.edu/files/jfrieden/files/populism_in_place_v1.3_0.pdf *Wall Street is Desperate for Wonks Who Can Explain the Rise of Populism* by Craig Torres https://www.bloomberg.com/news/articles/2019-06-04/wall-street-is-desperate-for-wonks-who-can-explain-the-rise-of-populism *Why Has Regional Income Convergence in the U.S. Declined?* by Peter Ganong and Daniel Shoag https://www.nber.org/papers/w23609 *Going to Extremes: Politics After Financial Crises, 1870-2014* by Manuel Funke, Moritz Schularick, and Christoph Trebesch https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2688897 David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth
Of the many forces driving the wave of hiring across the U.S. in recent years, technology is typically not on the list because automation and artificial intelligence tend to be seen as job-killing rather than job-enhancing. On this week's episode of Stephanomics, reporter Craig Torres visits a hospital where new technologies are actually creating the need for more -- not fewer -- employees. Then, Stephanie interviews Larry Summers -- the Harvard University economist and former U.S. Treasury secretary -- for his predictions on technology and employment, plus his thoughts on the U.S. economy and Federal Reserve. Finally, Stephanie talks with Bloomberg reporter Jeanna Smialek about how central bankers may be reduced to using what one economist calls "poor man's monetary policy."
Craig Torres is a reporter for Bloomberg News where has earned several rewards for his reporting on Fed policy. Previously, Craig also served as the chief of the Wall Street Journal’s Mexico City bureau, where his work on the collapse of the peso in the mid 90’s made him a finalist for the Pulitzer Prize in international reporting. He joins the show today to discuss some the stories he has written while reporting on the Fed and the economy. David and Craig also discuss the Fed’s increase in transparency under Jay Powell, the current state of U.S. monetary policy, and effects of automation on demographics and the economy. Transcript for the episode: https://www.mercatus.org/bridge/podcasts/01112019/war-stories-fed Craig’s Twitter: @ctorresreporter Craig’s Bloomberg archive: https://www.bloomberg.com/authors/AElDlyQuDPM/craig-torres Related Links: *New Blue-Collar Jobs Will Survive the Rise of AI* by Craig Torres https://www.bloomberg.com/news/articles/2018-11-01/new-blue-collar-jobs-will-survive-the-rise-of-ai *Housing and Monetary Policy* by John Taylor https://pdfs.semanticscholar.org/83de/849c0eaaa1eaa720427e1e1ac0c4782bf693.pdf David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth
Few narratives in economics and social policy are as alarmist as the one about the penetration of automation and artificial intelligence into the workplace, especially in manufacturing. Craig Torres digs into the story and finds the automation paradox: The infusion of artificial intelligence, robotics and big data into the workplace is elevating human expertise. More than ever, we need human ingenuity to reinvent a process or rapidly solve problems in an emergency. Also, Stephanie and Bloomberg opinion’s Noah Smith discuss whether there are lessons to be found in the industrial revolution, and what the future of technology might look like.
Ethan Zindler, Head of Americas for Bloomberg New Energy Finance, on the EPA's plan to dramatically scale back limits on greenhouse gas emissions from power plants. Eric Balchunas, Senior ETF analyst for Bloomberg Intelligence, on JPMorgan to offer free trades, and whether he forecasts a "race to the bottom" on fees. Mark Vergnano, CEO of Chemours (NYSE: CC), discusses the company's growth plan, the EPA regulation rollback, the GenX lawsuit and impact of tariffs. Mark Spindel, author of "The Myth of Independence: How Congress Governs the Federal Reserve," and Craig Torres, Bloomberg Federal Reserve and U.S. Economy Reporter, on Trump's criticism of the Fed's hiking path, and whether it can stay independent. Hosted by Pimm Fox and Lisa Abramowicz.
Pimm Fox is in for Carol and is joined by Marty Mosby, Director of Bank & Equity Strategies at Vining Sparks, and Arnold Kakuda, Bloomberg Intelligence Banking and Credit Analyst, for a look at bank earnings and outlook. Craig Moffett, Senior Analyst at MoffettNathanson, breaks down the appeal by the Department of Justice of AT&T/Time Warner merger and the latest on the media M&A landscape. Tom Randall, Bloomberg News Senior Reporter, takes us on an inside look at Tesla. Jeff Thomas, VP and Head of Western Region Listings at Nasdaq, shares his outlook for IPOs, especially in the areas of enterprise software and biotech. We Drive to the Close Jim Russell Portfolio Manager at Bahl & Gaynor. And lastly we look at ‘gradual’ monetary policy with Craig Torres, Bloomberg News Fed Reporter, and Danielle DiMartino Booth, CEO at Quill Intelligence.
Pimm Fox is in for Carol and is joined by Marty Mosby, Director of Bank & Equity Strategies at Vining Sparks, and Arnold Kakuda, Bloomberg Intelligence Banking and Credit Analyst, for a look at bank earnings and outlook. Craig Moffett, Senior Analyst at MoffettNathanson, breaks down the appeal by the Department of Justice of AT&T/Time Warner merger and the latest on the media M&A landscape. Tom Randall, Bloomberg News Senior Reporter, takes us on an inside look at Tesla. Jeff Thomas, VP and Head of Western Region Listings at Nasdaq, shares his outlook for IPOs, especially in the areas of enterprise software and biotech. We Drive to the Close Jim Russell Portfolio Manager at Bahl & Gaynor. And lastly we look at ‘gradual' monetary policy with Craig Torres, Bloomberg News Fed Reporter, and Danielle DiMartino Booth, CEO at Quill Intelligence. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Arvind Rajan, Managing Director and Head of Global and Macro at PGIM Fixed Income, on why it’s time to turn more optimistic on emerging-market assets. Brooke Sutherland, Bloomberg Opinion deals and industrials columnist, on the U.S. Treasury's plan to use emergency CFIUS law to curb China takeovers. Craig Torres, Economy & Federal Reserve Reporter for Bloomberg, on how a Southern city has hit on a successful formula for incubating businesses. Peter Kenny, Founder of Strategic Board solutions, on markets and crude.
For many women and an increasing number of men, it's been hard to get a job again if you take some time off for family reasons and have a long gap on your resume. But that's starting to change in the U.S., where the unemployment rate is at the lowest in almost 17 years. With the labor market getting tighter, companies are looking at potential workers they previously might not have considered. Carol Fishman Cohen, a consultant who helps companies develop programs for returning workers, shares her story of returning to work after having four children and talks about how she is getting companies to take a look at more workers like her. Bloomberg reporter Craig Torres also joins to explain the trend to Dan and Scott.
*This podcast is about craft brewing and should only be enjoyed by listeners of legal drinking age. We urge our listeners to drink responsibly.* Welcome back to a brand-new episode of CSPN’s craft beer podcast, Beer It Is! This week, Nubyjas returns to talking craft beer with Craig Torres of Hop City in Atlanta. Listen... Read More
Nick Sargen, author of the new book, "Global Shocks," discusses whether Donald Trump's election is the next global shock. Then, Lacy Hunt, Hoisington Investment Management Co.'s chief economist, talks about Janet Yellen's testimony and gives an outlook for the long bond. Also, Craig Torres, an economy and Federal Reserve reporter for Bloomberg, discusses Paul Romer taking a job as the World Bank's chief economist after writing a paper trashing macroeconomics. Finally, Tom McGee, CEO of the International Council of Shopping Centers, gives a Black Friday sales forecast.