Bloomberg Surveillance: Jobless Claims and Retail Sales
Feb 15, 2024
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UBS Global Wealth Management Chief Economist, Liz Young from SoFi, former US Ambassador to Israel, and Lisa Mateo from Bloomberg discuss topics including economic data, markets, the political situation in Israel, leadership and partnership in finance, and the challenges faced by teachers in teaching social and political issues.
65% of K-12 teachers in the US are restricting instruction on political and social issues due to backlash concerns and lack of support from school leaders.
Citigroup is implementing new performance metrics for its wealth management division, requiring private bankers to document client interactions and reach out to each client every 90 days, raising concerns among employees.
Deep dives
Teachers limit instruction on controversial topics due to concerns of backlash
A study revealed that 65% of K-12 teachers in the US are restricting instruction on political and social issues. This is due to worries about potential backlash from parents and lack of support from school leaders. More parents are challenging books used in schools, and there is new legislation regulating discussions on race. The study showed that politically conservative areas were more likely to have teachers reevaluate their curriculum.
Citigroup tracks private bankers' calls to clients to improve wealth management
Citigroup is implementing new performance metrics for its struggling wealth management division. Private bankers are now required to submit call reports documenting their interactions with clients. They are also expected to reach out to each client at least once every 90 days. Some employees have expressed concerns about this move, arguing that it may not be effective or the best use of their time.
Film production rebounds in New York City after pandemic disruptions
A report reveals that motion picture production is returning to New York City. Last month, there were 389 permits issued for 88 different filming projects, including TV series and movies. Productions such as Daredevil, Law & Order, FBI, and The Penguin are being filmed in the city. This signals a recovery in the industry after the pause caused by the pandemic and strikes.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene and Paul SweeneyThursday February 15th, 2024 Featuring:
Paul Donovan, UBS Global Wealth Management Chief Economist, on economic data
Liz Young, SoFi Head of Investment Strategy, on markets
Daniel Kurtzer, Former United States Ambassador to Israel, in the latest on Israel
Bloomberg's Lisa Mateo with her Newspaper Headlines