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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. A single best idea

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Speaker 1: on a less than quiet Monday in August. It's supposed

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Speaker 1: to be quiet. We're almost into the dog days of August.

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Speaker 1: It's a bit heated actually in New York City today.

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Speaker 1: I don't think we get the ninety degrees, but right

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Speaker 1: up there. But it is a heated environment of economics, finance, investment,

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Speaker 1: and international relations all changed in the last forty eight hours.

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Speaker 1: As a president of the United States, we'll meet with

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Speaker 1: a leader of Russia in Alaska. There's no one better

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Speaker 1: to talk to than Angelus Stent. Her book is Putin's World.

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Speaker 2: I mean, normally these kinds of summits are well prepared

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Speaker 2: in advance, they're experienced, diplomats are involved in them. This

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Speaker 2: is the result of, you know, a long conversation between

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Speaker 2: Steve and Whitcoff, not a diplomat, not an expert on

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Speaker 2: Russia and Vladima Putin. We don't know the contents of it,

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Speaker 2: and so we're really left in the dark about what

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Speaker 2: the process is in this. And the concern is that

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Speaker 2: President Trump will be there and then he doesn't have

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Speaker 2: all the backing he needs and the understanding going into

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Speaker 2: this about what Pudent's actually trying to do.

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Speaker 1: Angela's stan to the Brookings Institution. David Gerr was a

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Speaker 1: huge value add this morning, and he talked about the

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Speaker 1: partition between say Vice President Vance wanting it to be

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Speaker 1: very much US Russia and Secretary Rubio saying suggesting that

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Speaker 1: Europe should be part of the dialogue. This is very

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Speaker 1: fluid on a Monday. Is Bloomberg News staggers to Friday

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Speaker 1: and this historic conference in Alaska. We're being a coverage

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Speaker 1: from Alaska. I'm not even sure right now we know

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Speaker 1: where in Alaska, but well, Bloomberg News will be there.

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Speaker 1: One thing we also look at as well as this

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Speaker 1: inflation report tomorrow PPI, I believe on Wednesday, and then

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Speaker 1: the retail sales report. Really interesting week on price change,

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Speaker 1: an interesting week for Chair Powell is he and we

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Speaker 1: moved to Jackson Hole. Jonathan hill is at Barclays. He

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Speaker 1: is expert on four percent inflation.

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Speaker 3: So that's actually not that crazy or hard to get

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Speaker 3: to four percent. You know, we're already priced for something

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Speaker 3: in the mid to upper threes headline in your.

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Speaker 1: Barclay's world, we're priced for three ish.

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Speaker 3: Yeah, and that's really the inflation market and therefore the

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Speaker 3: fixed income market. We're priced for an acceleration in the

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Speaker 3: coming months to the mid to high threes. Big error

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Speaker 3: bands around those estimates. We don't know exactly when, but

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Speaker 3: to get to four isn't unreasonable, especially if other parts

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Speaker 3: of the inflation process brought it out beyond tariffs.

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Speaker 1: Jonathan Hill, there are Barclays and of course a heated debate.

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Speaker 1: We'll bring you that coverage tomorrow at eight thirty am.

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Speaker 1: Google beneath the headline data on inflation, it is a podcast.

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Speaker 1: It's on Apple and Spotify, on YouTube podcasts. It's single

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Speaker 1: best idea