Bloomberg Surveillance

Vitor Gaspar, IMF Director of Fiscal Affairs, says global debt is at some of the highest levels in history. Jim Paulsen, Leuthold Weeden Capital Management Chief Investment Officer, says U.S. markets are experiencing an expansion in a new bull market. Mohamed El-Erian, Allianz Chief Economic Advisor, says the migration of layoffs from small to large companies is causing an economic shift. Helane Becker, Cowen Senior Research Analyst, says up to 200,000 airline industry employees could lose their jobs in the fourth quarter.