Scrap Bank of England inflation target to focus on GDP growth, says Jim O’Neill | CoronaNomics

The Telegraph’s economics reporter Lizzy Burden interviews Jim O’Neill, former Treasury minister. One of Britain’s most prominent economists has urged Rishi Sunak to scrap the Bank of England’s inflation target to make economic growth its primary goal as Britain attempts a recovery from the pandemic. Lord Jim O’Neill, a former Treasury minister who is understood … Read more Scrap Bank of England inflation target to focus on GDP growth, says Jim O’Neill | CoronaNomics

Goldman’s Swell Sees ‘Very Significant Bifuraction’ in Credit Market

May.26 — Mike Swell, co-head of global fixed income portfolio management at Goldman Sachs Asset Management, says the Federal Reserve’s support is creating an enormous amount of demand for income in the credit markets. He speaks with Bloomberg’s Jonathan Ferro on “Bloomberg The Open.”

Wall Street Week – Full Show (05/22/2020)

May.22 — One of the most iconic brands in financial television returns for today’s issues and today’s world. This week’s Wall Street Week features David Westin’s interviews with Former Goldman Sachs CEO Lloyd Blankfein, Bank of America Chairman & CEO Brian Moynihan, House Speaker Nancy Pelosi (D), and Union Square Hospitality Group Founder & CEO … Read more Wall Street Week – Full Show (05/22/2020)

Mnuchin Warns of ‘Permanent Damage’ to U.S. Economy if States Extend Shutdowns

U.S. Treasury Secretary Steven Mnuchin said Tuesday during a Senate Banking Committee video conference hearing that “there is the risk of permanent damage” to the economy if it remains closed, he said. Mnuchin called for easing social distancing guidelines as soon as possible to restart the economy, echoing comments from President Donald Trump. To underscore … Read more Mnuchin Warns of ‘Permanent Damage’ to U.S. Economy if States Extend Shutdowns

‘Balance of Power’ Full Show (05/18/2020)

May.18 — “Bloomberg: Balance of Power” looks at the global political response to the coronavirus. Former Goldman Sachs CEO Lloyd Blankfein tells David Westin that stimulus efforts can’t go on forever and that he thinks the U.S. will eventually have to deal with another spike in virus cases. Also joining, Congressman Dwight Evans (D-Pennsylvania).

US healthcare workers face growing unemployment

Unemployment in the US has risen rapidly throughout the pandemic. Goldman Sachs is warning a quarter of the workforce could be jobless at some point during this year. And as Al Jazeera’s Shihab Rattansi reports – that includes the people fighting the virus. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish … Read more US healthcare workers face growing unemployment

Brent Crude to Stay in $30 Range in 3Q, Goldman Sachs Says

May.12 — Brent oil is likely to remain in the $30 a barrel range in the third quarter, and rise to the $40 range in the fourth quarter, as storage draws down, according to Jeff Currie, global head of commodities research at Goldman Sachs. He also comments on the outlook for gold in an interview … Read more Brent Crude to Stay in $30 Range in 3Q, Goldman Sachs Says

Virus Will Be Deflationary Until Global Vaccine Is Developed, Goldman Says

May.05 — The coronavirus pandemic will continue to have a deflationary effect, and inflationary pressures will only start to materialize once a vaccine is rolled out globally, according to Andrew Wilson, chairman of global fixed income at Goldman Sachs Asset Management. He speaks on “Bloomberg Surveillance.”

Risk to Jobs Now ‘Unprecedented Since the Great Depression’

The world’s workers are reeling from the initial shock of the coronavirus recession, with job losses and welfare claims around the globe already running into the millions this week. With International Monetary Fund Managing Director Kristalina Georgieva warning of a “crisis like no other,” the cuts from Austria to the U.S. reflect the deepest peacetime … Read more Risk to Jobs Now ‘Unprecedented Since the Great Depression’