Speaker 1: Bloomberg Audio Studios, podcasts, radio news, a single best idea,
Speaker 1: like how about a one hour single best idea? Barry
Speaker 1: King Green in today his new book, My Book of
Speaker 1: the Summer of much more on it in the coming weeks,
Speaker 1: but it's absolutely spectacular, two hundred and forty pages from
Speaker 1: our definitive international economists, bouncing off Ken Rogoff last year,
Speaker 1: Ken Green of Berkeley, Money and Borders. It's just a
Speaker 1: fabulous new effort and that will be my book of
Speaker 1: the summer. My interview of the day with that question
Speaker 1: Alicia Levine, b and why is the equity markets reacted
Speaker 1: off of one hundred and nine dollars of Brent crude?
Speaker 1: As we tape, she's with b and why, Alisha Levine.
Speaker 2: We had Ukraine just four short years ago, we had COVID.
Speaker 2: Not geopolitical, but quite a shock to the markets. You know.
Speaker 2: The lesson is, you know, these things get priced out.
Speaker 2: But I am shocked that we're not down at least
Speaker 2: ten percent. And I think coming into the year, we
Speaker 2: thought we could have a year like that anyway, much
Speaker 2: more volatility. We were telling clients, much more volatile year.
Speaker 2: You come in with the twenty two times forward earnings.
Speaker 2: Even if you have earnings up at fifteen percent, like
Speaker 2: you still have some volve built in.
Speaker 1: Alicia Levin there, I want to go through the math
Speaker 1: here of what she and I were talking about. She
Speaker 1: is prodigious quantitative skills. Really no one else like her
Speaker 1: within the strategy game. There's a thing called stochastic, which
Speaker 1: is fancy math talk for point B. And the fact
Speaker 1: is hydrocarbons go up and panic and they turn right
Speaker 1: around and come back down, so you got a pointy top.
Speaker 1: And she and I talked about that, like the certitude. Okay,
Speaker 1: there's a war, no big deal, ninety dollars a barrel
Speaker 1: one ten, you know, all the gloom stories out there
Speaker 1: where we're going, and then it lit'tle reverse and this
Speaker 1: really good conversation about that. And every commodity has its
Speaker 1: own character, if you will expert on this is Will
Speaker 1: Kennedy with Stuart Wallace and Justin carro Agan literally building
Speaker 1: the worldwide Bloomberg News combine and commodities. So good now
Speaker 1: he's driving all of our news for ema huge, huge
Speaker 1: position at Bloomberg, one of our most challenging jobs. We
Speaker 1: were so fortunate to get Will Kennedy on at one
Speaker 1: hundred and nine dollars a barrel.
Speaker 3: It just shows I think that the market has been
Speaker 3: a little bit complacent about the impact of the war
Speaker 3: and when they see the headlines today about Israel in
Speaker 3: the US hitting this gats field. Now, this gas field
Speaker 3: will not have a huge impact on international markets. It's
Speaker 3: gas that is used at home in Yvonne. But what
Speaker 3: it does mean is I think EVON will take it
Speaker 3: as a signal that the energy system, the global energy system,
Speaker 3: is fair game. So there's a lot of wary now
Speaker 3: that that means that they will intensify attacks against oil refinemies,
Speaker 3: against oil fields, against export turns, and indeed to concentrate
Speaker 3: on the straight off all moves, and it will just
Speaker 3: mean that the pain that's going through the energy system
Speaker 3: will increase.
Speaker 1: Well, Canada driving all of news for Emma at Bloomberg
Speaker 1: News just really can't say enough about all of our
Speaker 1: midies term Thank you so much too. Dan Williams and
Speaker 1: Ethan Browner in Tel Aviv, Jumana Verssecchi driving Horizons out
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