1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:12,680 --> 00:00:17,560 Speaker 2: It's single best idea on a Friday after an extraordinary week. 3 00:00:18,400 --> 00:00:22,320 Speaker 2: Just so much thanks to all at Bloomberg, particularly Michael Barr, 4 00:00:22,400 --> 00:00:26,480 Speaker 2: for driving our moment by moment news coverage. A special 5 00:00:26,520 --> 00:00:29,680 Speaker 2: thank you to Miles Miller who joined us on the 6 00:00:29,760 --> 00:00:33,480 Speaker 2: kirk assassination. He's been really leading all of the Bloomberg 7 00:00:33,560 --> 00:00:38,960 Speaker 2: legal coverage and had important conversations on the apprehension of 8 00:00:39,040 --> 00:00:43,440 Speaker 2: a suspect. We thank Miles Miller for that. We attempted 9 00:00:43,479 --> 00:00:48,400 Speaker 2: to commit economics, finance, investment, and international relations this week. 10 00:00:48,680 --> 00:00:51,479 Speaker 2: You can do that with Claudia Sam out of Michigan, 11 00:00:52,040 --> 00:00:55,360 Speaker 2: definitive at the FED noted for the Sam rule, but 12 00:00:55,480 --> 00:00:59,960 Speaker 2: with Claudia Sam, we looked forward to the FED meeting. 13 00:01:00,920 --> 00:01:03,680 Speaker 3: The conversation and the and the rate decision is going 14 00:01:03,720 --> 00:01:06,319 Speaker 3: to hinge on the data and the FED are I mean, 15 00:01:06,360 --> 00:01:10,400 Speaker 3: they are grappling with a really tricky environment in the 16 00:01:10,440 --> 00:01:13,720 Speaker 3: inflation is inflation is too high, it is not, and 17 00:01:13,760 --> 00:01:17,200 Speaker 3: it's not moving towards the Fed's target right now. And 18 00:01:17,240 --> 00:01:21,640 Speaker 3: then you have employment that has really softened. I mean 19 00:01:21,680 --> 00:01:23,880 Speaker 3: it might be structural, might be immigration, but it might 20 00:01:23,920 --> 00:01:26,000 Speaker 3: not be it might be demand as really slipping, and 21 00:01:26,040 --> 00:01:28,240 Speaker 3: so like, the Fed's got one tool and they've got 22 00:01:28,280 --> 00:01:31,759 Speaker 3: two problems that are going in different directions. So they're 23 00:01:31,760 --> 00:01:34,280 Speaker 3: going to have to frame up and really like assess 24 00:01:34,319 --> 00:01:36,800 Speaker 3: from the data which which of these two risks is 25 00:01:36,840 --> 00:01:40,000 Speaker 3: bigger and more persistent. I mean that's the you know, 26 00:01:40,040 --> 00:01:42,440 Speaker 3: that's the way the FED has outlined that it approaches us. 27 00:01:42,760 --> 00:01:45,319 Speaker 3: That's how they're going to do it next week. But 28 00:01:45,400 --> 00:01:47,360 Speaker 3: I mean the reality is this is not going to 29 00:01:47,400 --> 00:01:49,000 Speaker 3: be a normal f MC meeting. 30 00:01:49,200 --> 00:01:52,960 Speaker 2: Claudia sam of New Century Advisors, Tina Fordham is in 31 00:01:53,000 --> 00:01:57,160 Speaker 2: England with wonderful perspective on the events of Europe and 32 00:01:57,200 --> 00:02:00,760 Speaker 2: of course so much still rebounding there about a French 33 00:02:00,800 --> 00:02:03,800 Speaker 2: government collapse. But we did want to look forward, as 34 00:02:03,800 --> 00:02:07,560 Speaker 2: we did with doctor Some with Tina Fordham, to President 35 00:02:07,640 --> 00:02:12,080 Speaker 2: Trump's well orchestrated visit next week to the United Kingdom. 36 00:02:12,360 --> 00:02:16,560 Speaker 1: I suspect that Downing Street will be very careful about 37 00:02:17,639 --> 00:02:22,760 Speaker 1: President Trump's potential encounters whilst he is here, going to 38 00:02:22,800 --> 00:02:25,880 Speaker 1: Windsor Castle, seeing the Queen's tomb, which I've seen, by 39 00:02:25,919 --> 00:02:30,880 Speaker 1: the way, it's really something to behold, as is Windsor Castle, 40 00:02:30,960 --> 00:02:34,440 Speaker 1: I think the emphasis is going to be on the 41 00:02:34,960 --> 00:02:38,880 Speaker 1: good links that exist, but of course in the background 42 00:02:39,080 --> 00:02:41,760 Speaker 1: is going to be the fact that the UK ambassador 43 00:02:42,440 --> 00:02:45,720 Speaker 1: to Washington, Peter Mandelsson, was sacked. I saw that he's 44 00:02:45,760 --> 00:02:49,960 Speaker 1: just been fired from the consulting firm that he works for, 45 00:02:50,360 --> 00:02:54,120 Speaker 1: and that's an embarrassment not only for pure starmer for 46 00:02:54,240 --> 00:02:57,600 Speaker 1: President Trump. It suggests that the Epstein files are real. 47 00:02:58,040 --> 00:03:03,800 Speaker 2: Tina Fordham of Fordham Global Foresight and just an extraordinary week. Again, 48 00:03:03,919 --> 00:03:07,959 Speaker 2: thank you, specially to David Gurra for his assistance on 49 00:03:08,080 --> 00:03:11,200 Speaker 2: a podcast. We're on Apple, We're on Spotify, We're on 50 00:03:11,280 --> 00:03:14,600 Speaker 2: YouTube podcasts. This is a single best idea