Summers as Smart as He Thinks He Is: Hunt
Aug. 29 (Bloomberg) -- Bloomberg Contributing Editor Bill Cohen and "Political Capital" host Al Hunt examine the career of Larry Summers and the reasons why he is considered such a strong contender to be the next chairman of the Federal Reserve. They spoke Wednesday on Bloomberg Television's "Market Makers."
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Brexit: a Bad Economic Outcome for Europe, Says Burgess
29:32 - A Brexit wouldn’t just weaken the pound -- it would jeopardize its status as a reserve currency used in world trade, according to S&P Global Ratings. Sterling lags only the dollar and euro in central banks’ holdings, a legacy of Britain’s large economy, its trusted legal system and use of the global lingua franca. But a vote to leave the European Union on June 23 may dethrone the pound and would even threaten the nation’s top AAA credit rating, says S&P. Columbia Threadneedle CIO EMEA Mark Burgess discusses the wider implications of a Brexit vote for Europe with "On the Move" host Guy Johnson.