Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Single best idea in a day of truncated interviews, Lots
Speaker 2: going on at Quantico, at the White House, presidential comments
Speaker 2: twice at the White House, end at Quantico, and of
Speaker 2: course the Secretary of Defense Pete Hexas with his comments
Speaker 2: at Quantico as well. A lot of different conversations truncated
Speaker 2: here just with the news flow, just with the reality
Speaker 2: of Red Sox Yankees playoff baseball. But we did get
Speaker 2: some good ideas. One from Monica Guerra at Morgan Stanley.
Speaker 2: She is wonderful on infrastructure and also with real world
Speaker 2: experience in the budgeting of government. Monica Guerra on the shutdown.
Speaker 1: That's where the impoundment piece comes into play, right. We
Speaker 1: saw him do that with Ukraine funding, so there is
Speaker 1: a precedent. And so while they're not going to get
Speaker 1: these mass layoffs, right, we've seen that that's not going
Speaker 1: to happen. You could get a this essentially this as
Speaker 1: an excuse or a catalyst to then come in and say, well,
Speaker 1: you know, we want to go harder on these clean
Speaker 1: energy components. Right at the EPA, we're going to stop
Speaker 1: funding for that. And if you get that dynamic. That's
Speaker 1: the sort of stick off ramp that gets the Democrats
Speaker 1: to the table. The carrot off ramp is do you
Speaker 1: get those rural state GOP members allowed enough voice to
Speaker 1: then come together with Democrats to get those ACA subsidy extensions.
Speaker 2: Just brilliant Monica Kuer Morgan Stanley here on a moment
Speaker 2: of a shutdown, special shout out. Nathan Dean of Bloomberg
Speaker 2: Intelligence always in demand, just riveting here on his thoughts.
Speaker 2: He believes they could come to an eleventh hour solution
Speaker 2: here Nathan Dean lonely with that call here into the
Speaker 2: Tuesday midday with us as well, What a special treat
Speaker 2: Suki Koup with us at Barclays. Forere now at the
Speaker 2: Standard Charter Bank with Steven England are driving commodities a
Speaker 2: big deal for Standard Charter with their third World, their
Speaker 2: em focus in the Pacific rim Suki Cooper.
Speaker 3: And gold we still see further highs for the gold markets.
Speaker 3: We've seen a number of factors driving the market and
Speaker 3: it's changed. At the start of this year we saw
Speaker 3: a shift away from central bank flows driving the market
Speaker 3: to ETF factors becoming much more important. And now we've
Speaker 3: seen the correlation between real yields and gold coming back.
Speaker 3: The macro environment is increasingly important to ranging from concerns
Speaker 3: around the US potential shutdown government shutdown, to the scope
Speaker 3: for FED to cut rates, further ranging to tariff concerns
Speaker 3: as well. All of these factors are playing into safe
Speaker 3: have and demand for gold.
Speaker 2: Suki Cooper Standard Charter Bank shout out. Eric Fine came
Speaker 2: in today. Again. It was a truncated conversation. I can't
Speaker 2: remember why Eric Fine is at VANAK. We thank them
Speaker 2: for their new sponsorship of what we're doing. He was
Speaker 2: years at Morgan Stanley and EM and em dot now
Speaker 2: and he is griveted on China and the calculation that
Speaker 2: China not should or could, but must appreciate the yuan
Speaker 2: against the US dollar. A fascinating conversation on China. We'll
Speaker 2: redo that soon with Eric Fine of van K. It's
Speaker 2: a podcast on an Apple on Spotify. Thank you for
Speaker 2: listening on Spotify. Steffanie rothat Wolfe said she listens on
Speaker 2: Spotify and on YouTube podcasts as well. Single best Idea