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Wyss Sees Recession Returning in Fourth Quarter of 2008 August 29 (Bloomberg) -- David Wyss, chief economist at Standard & Poor's,
talks with Bloomberg's Rhonda Schaffler in New York about U.S. economic data
released today, the likelihood of a recession and outlook for Federal Reserve
monetary policy and the labor market. (Source: Bloomberg)
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Amy Jaffe Says Oil Firms Are Better Prepared for Gustav August 29 (Bloomberg) -- Amy Jaffe, an energy expert at the James A. Baker
III Institute for Public Policy at Rice University, talks with Bloomberg's
Monica Bertran from Houston about the possible impact of hurricane Gustav on
crude oil supplies, oil companies' preparation for hurricanes and the outlook
for oil prices. (Source: Bloomberg)
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Lonski Says Personal Income Drop May Signal Fed Rate Cut August 29 (Bloomberg) -- John Lonski, chief economist at Moody's Investors
Service Inc., talks with Bloomberg's Betty Liu from New York about U.S.
personal income and spending data released today, and outlook for the economy
and Federal Reserve monetary policy. Spending by U.S. consumers slowed in July
as the impact of the tax rebates faded and a pickup in inflation eroded
Americans' buying power. Incomes dropped 0.7 percent, the first decrease since
August 2005, reflecting the end of the rebates. (Source: Bloomberg)
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UBS's Ryan Sees `Challenging' Environment for Equities August 29 (Bloomberg) -- Mike Ryan, head of wealth-management research for
the Americas at UBS Financial Services Inc., talks with Bloomberg's Carol
Massar from New York about the recent performance of the U.S. stock market,
the outlook for economic growth and his investment strategy. (Source:
Bloomberg)
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Weinberg, Analyst, Says Oil Price `Surprisingly Weak' August 29 (Bloomberg) -- Eugen Weinberg, a commodity analyst at Commerzbank
AG, talks with Bloomberg's Nina De Roy and Mark Barton from Frankfurt about
oil prices, the threat posed by Hurricane Gustav to U.S. oil rigs and the
outlook for supply and demand. Crude oil headed for its biggest weekly gain in
almost two months and natural gas rose as producers evacuated rigs before the
arrival of Gustav, forecast to be the largest hurricane in the Gulf of Mexico
since Katrina. (Source: Bloomberg)
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Dexia's Miller Says `Times to Remain Tough' for Lenders August 29 (Bloomberg) -- Axel Miller, chief executive officer of Dexia SA,
talks with Bloomberg's Mark Barton and Nina de Roy from Brussels about the
company's banking and bond insurance businesses, its capital position and the
response of policy makers to the credit crisis. Dexia, the world's biggest
lender to local governments, said provisions at its U.S. bond insurance unit
led to a slump in second-quarter profit. (Source: Bloomberg)
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Economic Focus on U.S. Jobs Report, Auto Sales, ISM August 29 (Bloomberg) -- The August U.S. employment report, U.S. auto sales
and the Institute for Supply Management's manufacturing index are some of the
economic highlights for the week of Sept. 1. Standard Chartered's Scott Smith,
Stone & McCarthy Research Associates' Raymond Stone and Decision Economics
Inc.'s Allen Sinai comment on the outlook for the U.S. labor market. Ford
Motor Co.'s Alan Mulally and General Motors Corp.'s Rick Wagoner discuss the
automakers' business strategy. ISM's Norbert Ore talks about the state of the
manufacturing industry. Bloomberg's Jerry Laird reports. (Source: Bloomberg)
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