Markets Brace for Washington Policy Battles
Channel: Bloomberg Television
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Read a transcript preview of “Markets Brace for Washington Policy Battles” from Bloomberg Television, uploaded on 2026-11-08.
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Language: English (creator captions)
[0:00] Is Joe Lavoragna, chief economist at SMBC and eco security. Joe, great to speak with you,
[0:04] and I I wanna start with the election, just get your reaction to it. Of course,
[0:08] you worked in the Trump White House previously. Your sense of sort of how all of
[0:12] this played out, looking back on your notes ahead of it, not out of line with
[0:15] what you were expecting here, the kind of shift that we've seen in terms of balance
[0:18] of power. How about the the economic message just transmitted by by the electorate here on
[0:23] Tuesday of last week?
[0:24] The message is certainly affordability is is is part of it, accountability, corruption, there were whole
[0:32] slew of factors that voters in exit polling suggested was troubling. But certainly, the economy is
[0:38] first and foremost. They're all kind of interconnected. And markets last week had reacted at least
[0:43] a knee jerk to what on the surface will be a less perhaps friendly environment going
[0:49] forward. But as you highlighted with the employment data, labor market's pretty healthy. Underlying growth is
[0:55] good. It's just not a disinflationary boom as people thought it would prior to The US
[1:01] invading Iran. So if that situation in The Middle East settles down, and I'm hopeful it
[1:06] will, where there's some sort of a... I