Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Single best idea and this is honor of Joseph Mysik.
Speaker 2: There are journalists and then there are real journalists. Many
Speaker 2: people think I'm a journalist. Well, you know what, folks,
Speaker 2: there are real journalists, people like the late Mark Pittman
Speaker 2: Fred Weigold at Bloomberg. And one of them clearly in
Speaker 2: that category is Joe Mice. It is forty years plus
Speaker 2: of grinding work in the bondmarket. He was iconic at Bonbeyer.
Speaker 2: Matt Winkler, a bond guy at heart, the founder of
Speaker 2: Bloomberg News, called up the bond guy at Bonbeyer and said,
Speaker 2: come on over. He's health court at Bloomberg for a
Speaker 2: long line time. Joe Isaac retires. He's working on a
Speaker 2: wonderful and I should say important project with Tom Wolf,
Speaker 2: the late Tom Wolf. And you'll see something on that
Speaker 2: in a couple of years here. But Joe Meiak retiring today.
Speaker 2: And we took a very careful view of New York City,
Speaker 2: the New York City of nineteen seventy five. Drop dead
Speaker 2: in the New York City. Now the governor said, no
Speaker 2: congestion tax is its civil crisis. Let's listen.
Speaker 3: You know, this is just a very short term spasm,
Speaker 3: if you will, a political spasm. I think that congestion
Speaker 3: pricing has been sort of the argument for it has
Speaker 3: been proven. Anyone who goes out in the New York
Speaker 3: City streets and highways now can see that. So I'm
Speaker 3: not overly concerned. It's funny people want to think right
Speaker 3: now that there's an immediate impact on the subway system,
Speaker 3: but in fact, no on Thursdays, Thursdays and Fridays, subways
Speaker 3: or a pleasant ride in.
Speaker 2: Joe Isaac encyclopedic on all the different things. California going
Speaker 2: under Joe Mysik said no, Illinois going under. Joe my
Speaker 2: six said no. I remember Denver Airport the luggage didn't
Speaker 2: work or something. Joe Isaac said no. And those are
Speaker 2: the kind of crises that are out there. Here's Joe
Speaker 2: Mysik on the state of play in Manhattan.
Speaker 3: Oh. Absolutely, after the financial crisis. There's so many safeguards
Speaker 3: put in place for investors, and there's so many you know,
Speaker 3: you could have the state and the various oversight boards
Speaker 3: a snap into action. Right now. It's not needed because
Speaker 3: New York City makes so much money. But I wanted
Speaker 3: to bring up a phrase silly as eggs. I only
Speaker 3: caught that little bit of it, but I think I'm
Speaker 3: going to adopt it from now on.
Speaker 2: Oh, we talked about eggs today. We bring us up.
Speaker 2: This is important and I'll digress here off of the
Speaker 2: great work of Joe my Sick. There is inflation. There
Speaker 2: is disinflation, which is a lesser inflation. There is deflation,
Speaker 2: which is price decline. And Gary Schilling, the giant on deflation,
Speaker 2: would say there are two types of deflation, good and
Speaker 2: bad deflation. There's a thing that's sort of cosmic and
Speaker 2: theoretical called reflation, where you reflate an economy. That's what
Speaker 2: Japan is doing right now. Some say failing, some say
Speaker 2: maybe succeeding. Daryl Meyer of the HSBC was just brilliant
Speaker 2: on the reflation optimism of Japan. While they intervene, he
Speaker 2: thinks Friday, they won't even get the Sunday. And he's
Speaker 2: pretty constructive on intervention as well. But the idea here
Speaker 2: of price change, and so we try to bring it
Speaker 2: down to the real world. And Lisa Matteo has been
Speaker 2: absolutely brilliant on eggs is just a core commodity. What
Speaker 2: do they cost from she's buying like five six dozen
Speaker 2: and she's down under three dollars a dozen. I think,
Speaker 2: I mean, it's amazing what she's doing. And then Dana
Speaker 2: Peterson at conference Board is looking at nine dollars ninety
Speaker 2: nine cents per dozen eggs, and we get a huge
Speaker 2: response thank you out on YouTube on the live chat
Speaker 2: for that response, and has even Joe Maiesk picked up
Speaker 2: on it. Having a forty dollars I'm on at the
Speaker 2: four Seasons Hotel in Atlanta. Is our David Gurra with
Speaker 2: our debate coverage tonight, we spoke to mister Gurra.
Speaker 1: They're talking to the same people and those are sort
Speaker 1: of working class people. And like Pennsylvania is interesting too
Speaker 1: because you've got, you know, this huge population of workers
Speaker 1: stealing the still in the steel business, and you know
Speaker 1: that's this is this is a group of people that
Speaker 1: Joe Biden claims to come from and wants to embrace.
Speaker 1: Donald Trump of course, has appealed to them as well
Speaker 1: through his tariff's policy. So yeah, I think it's a
Speaker 1: you can bring that up for kind of like a
Speaker 1: random raise of course how the pirates are doing. But
Speaker 1: I think that it's actually a very important state because
Speaker 1: it's a really going to be a really fought over
Speaker 1: battleground state for these two candidates going forward, and you know,
Speaker 1: we'll see how much these messages resonate. I think it
Speaker 1: is a state in which there probably aren't as many
Speaker 1: swing voters as you would have in others.
Speaker 2: I think President Biden's got to go to Pennsylvania tonight
Speaker 2: with his Scranton heritage as well. We'll see what former
Speaker 2: President Trump does as well. Well. Of all our coverage tonight,
Speaker 2: if you're listening up to eight pm, Joe, Matthew, Kayley
Speaker 2: Lines and mister Gura in Atlanta with our debate cover
Speaker 2: different twisted analysis than what you're going to see on
Speaker 2: so many other networks. We're on YouTube, search and subscribe
Speaker 2: to Bloomberg Podcast. It's easy. Just type it in and
Speaker 2: there it is. Click on it three hours as a
Speaker 2: replay of the three hours as well. Android Auto Apple
Speaker 2: car Play I hear big news Coopertino tells me that
Speaker 2: there's going to be a whole new Apple car play
Speaker 2: coming out. I guess you could talk to your talk
Speaker 2: to your dashboard and you'll be able to get Carol
Speaker 2: Masser and Tim Stevenovic there as well, from New York
Speaker 2: City on Apple Podcasts six minutes as smart as a single,
Speaker 2: best Idea