Surveillance: Bank Earnings With Michaud
Tom Michaud, KBW CEO, says he has never seen a recession come this quickly and this hard. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, warns that earnings season will show collateral damage from the coronavirus pandemic. Jay Bryson, Wells Fargo Acting Chief Economist, says the unemployment rate will not go back to 3.5 percent this year. Michelle Patch, Johns Hopkins University School of Nursing Assistant Professor, details the physical and emotional toll taken on by medical workers during the COVID-19 epidemic. Harry Tchilinguirian, BNP Paribas Head of Commodity Research & Senior Oil Analyst, does not expect a sustained recovery in the oil price until pent-up demand is released in Q3.
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