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Transcripts For BLOOMBERG Bloomberg Markets Balance Of Power 20240713

Before the coronavirus and it looked strong but there was a caveat, because we had a warm winter and that meant labs in the construction sector are behaving strangely relative to what is ordinarily the case. Hiring was good but not quite as good as the headline number suggested area david headline numbers. David we had the president speaking and then is this good news being bad news with the administration saying we dont have to worry about it very much . Carl we see investors treating it accordingly. When larry kudlow is saying we need a targeted response and a narrowly targeted, temporary, was the expression he used to of this has echoes of summer 2008 during the early stages of the financial crisis where we were in a president ial campaign and john mccains chief advisor, phil gramm, was talking about a nation of whiners and a recession and it became clear the Mccain Administration did not have a grasp on how to deal with a fastmoving and large crisis, markets lost confidence and tha

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