Bloomberg Surveillance Bloomberg Surveillance TV: November 12th, 2025
13 snips
Nov 12, 2025 
Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income, discusses the impact of AI on the labor market and how lower rates could stimulate housing and job growth. Jon Lieber from The Eurasia Group dives into the repercussions of a possible government shutdown on economic data and policymaking, while Matt Miskin, Co-Chief Investment Strategist at Manulife, analyzes how weak job data and AI are influencing market sentiment. Together, they explore investment strategies amidst current economic challenges.
AI Snips
Chapters
Transcript
Episode notes
Productivity Revolution Reducing Labor Demand
- Rick Rieder argues AI, robotics and automation are causing a secular productivity revolution that reduces labor demand.
- He warns full employment will be a challenge for the next couple of years as companies do more with less.
Lower Mortgage Rates To Reignite Housing
- Rieder says lowering mortgage rates would boost housing velocity, create jobs and increase labor mobility.
- He recommends targeting mortgage and long-term rates to revive construction and move people for work.
3% Inflation Could Be Manageable
- Rieder thinks running inflation nearer 3% is tolerable if it isn't accelerating and expectations stay anchored.
- He highlights sticky components like healthcare, education and insurance where rates have limited transmission.