Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Single best idea. We had Damien sassaur In to give
Speaker 2: us an incredibly detailed pro briefing on the dynamics of
Speaker 2: the rest of the world em and everyone bouncing off
Speaker 2: this news flow that we have, and then the magic
Speaker 2: of that is later on three or four guests later
Speaker 2: to have Nathan Sheets with us, the chief global economist
Speaker 2: for City Group, taking the same bouncing off all this
Speaker 2: news flow and trying to coalesce it into a global view.
Speaker 2: I thought it was just great to have sasaur back
Speaker 2: to back with Sheets. Here's Nathan Sheets on the reality
Speaker 2: of a higher yield regime.
Speaker 3: I certainly think we're in a place where a central
Speaker 3: banks are feeling pressured to be less accommodative and more
Speaker 3: restrictive than what we expected as the year began.
Speaker 1: And I think the key driver there is that, on
Speaker 1: the one hand, this global economy continues to be quite
Speaker 1: resilient y how we've worked down our able forecast by
Speaker 1: a few tents, but inflation is going to be higher.
Speaker 2: That's the hard of the matter. With the ambiguity of
Speaker 2: a high nominal excuse me, with a high nominal GDP
Speaker 2: and then what's the ambiguity. Do you get slow down
Speaker 2: resilience do you get actual a pickup in a global
Speaker 2: GDP here for that matter, for any other nation as well.
Speaker 2: I think it makes for an incredibly uncertain dash to
Speaker 2: the end of the year and into twenty twenty seven.
Speaker 2: And we'll just do the best we can with the conversation.
Speaker 2: Ed Ludlow twenty four to seven. I love to bust
Speaker 2: this chops about his three hour workday out in San Francisco,
Speaker 2: and as you well know, that's beyond far from the truth.
Speaker 2: He's on the red Eye coming to sam coming to
Speaker 2: New York here after the Apple meetings. Ad Ludlow on
Speaker 2: technology and of course looking out to the weekends. News
Speaker 2: that Google got a memo from SpaceX.
Speaker 4: Google is going to pay space Yeah, nine hundred and
Speaker 4: twenty five million dollars per month for compute. So there's
Speaker 4: the immediate story. SpaceX is a company that launches rockets,
Speaker 4: and on that rocket is some kind of payload for
Speaker 4: a public or private sector customer. Then in the very
Speaker 4: distance distant future it sells AI to enterprises. In the interim,
Speaker 4: everyone I speak to on the cat table is saying
Speaker 4: they are playing a blinder by hedging their bets becoming
Speaker 4: a hyperscaler selling computing capacity. There are big questions about
Speaker 4: why don't they need their own, but yeah, this is
Speaker 4: interesting timing, pre pricing of trade.
Speaker 2: My head is spinning. I'm trying to get smarter on
Speaker 2: this as we dashed for the week, and we're so
Speaker 2: advantaged by our equity desk, by our debt desk, and
Speaker 2: of course all that's going on in technology there with
Speaker 2: Ed Ludlow on podcasts, it's a technology on Apple and
Speaker 2: Spotify on YouTube podcasts and single best idea