Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Single best idea, I mean, across the arc of what
Speaker 2: we've done for decades. This was truly an extraordinary day,
Speaker 2: starting at about four point thirty yesterday afternoon, thanks to
Speaker 2: Anne Marie Horden for a wonderful interview at a Secretary
Speaker 2: of Treasurer. I was sort of dumbfounded listening to it,
Speaker 2: not because of Anne Marie, but because of the line
Speaker 2: from the White House. We followed that for John Farrow
Speaker 2: and conversation today with the Secretary of Commerce Howard Lutnik.
Speaker 2: The TAC we took, and thank you Joelivan's short notice
Speaker 2: with his service to the first Trump administration. He's with
Speaker 2: SMBC NICO, but far more importantly trying to talk to
Speaker 2: people with legit academic and market experience across the arc
Speaker 2: of our internet trade and of course all of this
Speaker 2: starting I'm going to put it with the Atlantic Charter
Speaker 2: of lessons learned back in the thirties and the twenties.
Speaker 2: This in nineteen forty one and then World War Two,
Speaker 2: the true development of our international trade policy, let's be
Speaker 2: direct shattered. Yesterday afternoon we started strawing with Hoger Schmeting
Speaker 2: a Behreenberg Bank, a wonderful voice, and you're great to
Speaker 2: talk to him about Volkswagen with six hundred thousand employees,
Speaker 2: his dynamics of Germany. But here is Hoger Schmedeting of Behrenberg.
Speaker 3: On the moment, Europe will probably want to have the
Speaker 3: market reaction, the reaction of US consumers registered with the
Speaker 3: people who meet Donnald Trump.
Speaker 1: On the golf course. Yeah, it will probably want that
Speaker 1: so that the US hopefully will be more eager for
Speaker 1: a deal. And in addition, Europe will threaten serious retaliation
Speaker 1: without hitting the US now and then hopefully, say, within
Speaker 1: the next two months, by the end of we hopefully
Speaker 1: have negotiated some of this tariff madness away.
Speaker 2: Alger Schmieding and barren burg Bank. We spoke to Doug Irwin,
Speaker 2: of course, the academic of Dartmouth, this classic book Against
Speaker 2: the Tide. I really recommend that as a foundational read
Speaker 2: on all that's going on against the Tide. Douglas Irwin
Speaker 2: from twenty five years ago, really coming out of his
Speaker 2: academic works, graduate work, I should say now again at Dartmouth.
Speaker 2: David Blancheflearer of Dartmouth with us tomorrow on Jobs Day,
Speaker 2: but it was good to get perspective across the markets
Speaker 2: in this economic moment from Ed yard Denny of Yard
Speaker 2: Denny Research. He has brought down his optimism.
Speaker 4: Well, I think up to now the assumption was that
Speaker 4: the administration collectively knew what they were doing. But clearly
Speaker 4: with the reaction of global stocking markets, that's not the case.
Speaker 4: There is no vote of confidence anywhere, not even in
Speaker 4: gold and what this administ station is doing. I mean,
Speaker 4: as you said, there seems to be no place to hide,
Speaker 4: and the only place to hide is to go to
Speaker 4: the White House and tell the President and the administration
Speaker 4: that this policy is just wrong.
Speaker 2: We'll try to hide tomorrow with good conversation. It is
Speaker 2: Jobs Day tomorrow. I was just talking with Sparta, who
Speaker 2: drives a ship here, and you know, I said, I
Speaker 2: don't know if this is a big jobs report because
Speaker 2: it's so new, and maybe it has a little bit
Speaker 2: of President Biden in it as well. But well, I'll
Speaker 2: tell you the May Jobs report, May second, the June
Speaker 2: Jobs report June sixth, they will be something. Please stay
Speaker 2: with us on your commute across the nation. Good Morning
Speaker 2: ninety nine one FM in Washington ninety two nine FM
Speaker 2: and Boston. No, I'm not going to Boston tomorrow for
Speaker 2: Opening Day. I got other things to do. But nevertheless,
Speaker 2: Opening Day in Boston tomorrow is a good thing. We're
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