Ben Bernanke: This is closer to a snowstorm than the Depression
“It is important before we put everybody back to work that we feel like we have the public health situation under control.” Former Federal Reserve Chairman Ben Bernanke led the Fed during the 2008 financial crisis and the subsequent recession; now he’s weighing in on the Fed’s playbook to prevent another American recession in 2020. As a student of the Great Depression, he views today’s economic distress as much closer to a natural disaster than the economic downturn of the 1930s. Current President of the St. Louis Federal Reserve James Bullard calls for historical perspective as well, telling the public, “Don’t get discouraged, because this isn’t at all comparable to past events in U.S. macroeconomic history.” Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
25 Mars 202028min
Boeing CEO on Airline Bailouts; Covid-19 Test Ramp Up
“If there is no government support…we can still find our way to the other side. But if it goes on for 8 months, probably not.” Boeing CEO Dave Calhoun considers the future of his company with and without an industry bailout. Covid-19 test producer LabCorp is rolling out 20,000 tests per day. CEO Adam Schechter urges Americans to continue social distancing while healthcare companies and the government work to curb the pandemic. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
24 Mars 202028min
Hedge Funder: Shut the markets down
Hedge fund manager Kyle Bass is calling for the U.S. markets to be shut down completely as coronavirus cases continue to grow worldwide. Allianz Chief Economic Advisor Mohamed El-Erian envisions a long, arduous journey to the other side of this market turmoil. One of the biggest landlords in the New York tri-state area, Richard LeFrak, addresses calls for a mortgage and rent “holiday” as workers follow shelter-in-place mandates and miss paychecks. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
23 Mars 202022min
Former FDA Chief: There’s an end to this
Dr. Scott Gottlieb considers the next steps in the U.S. response to pandemic, including a nation-wide tech strategy for Covid-19 screenings. The Federal Reserve has employed billions to buoy the American economy, and it still has more work to do, according to former Federal Reserve Governor, Kevin Warsh. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
20 Mars 202028min
A Restaurateur in Crisis and Hedge Fund Titan Ray Dalio
“I don’t want people to mass panic, I want people to think.” Ray Dalio, founder of Bridgewater, the largest hedge fund in the world, considers the market downturn and what’s needed from investors and the Federal Reserve to relieve economic anxiety. Cameron Mitchell, founder and CEO of Cameron Mitchell Restaurants, has closed each of his restaurants in over a dozen states and cut his staff from 4000+ to a mere six. He considers the wide impact of pandemic-prompted shutdowns across the service industry. CEO of Boston Consulting Group Rich Lesser has been speaking with other CEOs around the world; he maps out the long term costs of business slowdown. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
19 Mars 202044min
Mark Cuban: No Buybacks; Bailing Out Boeing; Staying Safe
“What can we do to make sure that everybody lands on their feet?" Entrepreneur, investor, and Mavericks owner Mark Cuban contemplates the responsibility of billionaires, corporations, and governments to ensure financial and physical wellbeing for everyone. Former FDA Commissioner Dr. Scott Gottlieb considers best practices to curb the spread of coronavirus as the pandemic wages on. Airlines are seeking over $50B in government assistance as travel plans grind to a near-halt. Aerospace analyst Seth Kaplan compares a potential 2020 bailout with the airline bailout after 9/11. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
18 Mars 202030min
Reddit Founder: Stay Home! and Regeneron’s Possible Coronavirus Breakthrough
Stay home! Reddit and Initialized Capital co-founder Alexis Ohanian bought a billboard in Times Square in the hopes “the crossroads of the world” is empty during the coronavirus scare. He explains why he’s staying home. Regeneron aims to have COVID-19 antibody treatment ready for human treatment by early summer, reports CNBC’s Meg Tirrell. The New York Times Foreign Affairs columnist Tom Freidman advises cool heads when understanding the exponential factor of public health and Dr. Michael Osterholm, Director of the University of Minnesota Center for Infectious Disease Research and Policy says we may have many more months of social isolation ahead. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
17 Mars 202032min
Pandemic “Peak,” Faster Testing, Uber’s Lost Rides
As global fears of the spread of coronavirus mount, the Federal Reserve slashes rates to stave off a recession, we get analysis from CNBC's senior economics reporter, Steve Liesman. Former FDA Commissioner Dr. Scott Gottlieb says he believes the coronavirus will peak in the U.S. from around late April to early May. Swiss drugmaker Roche has the first commercially available diagnostic test to treat COVID-19 that can deliver results in just over three hours, we hear from CEO Severin Schwan and how he is addressing demand. Plus, Uber’s CFO Nelson Chai discusses a series of measures aimed at mitigating the effect of Coronavirus on its workers. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
16 Mars 202025min
