Speaker 1: Bloomberg Audio Studios, Podcasts, radio news.
Speaker 2: Single best idea and the single best idea of today
Speaker 2: as we go through what we're all living over the
Speaker 2: last three four five weeks, ninety five days into the
Speaker 2: second presidency of Donald Trump, that it just gets more
Speaker 2: and more chaotic. Mike Allen out at Axios led today
Speaker 2: with the word chaos. I'm not going to editorialize chaos,
Speaker 2: but what I will say is conversation to conversation. It
Speaker 2: is the oddest time right now in any given show.
Speaker 2: We have five, six, seven, eight single best ideas we
Speaker 2: could bring it. We keep it to two. We want
Speaker 2: this to be a shorter podcast for you versus a
Speaker 2: longer exercise, and today we got lucky. Sometimes you book
Speaker 2: a guest, you have no idea why you can. You
Speaker 2: just book them because they're in Washington at the IMF
Speaker 2: for that, and then something breaks that they're expert on.
Speaker 2: Daniel tan Obaum was with us with Oliver Wyman. He
Speaker 2: is expert on sanctions. He is expert on goods services
Speaker 2: and cash flows to Russia. The President came out and
Speaker 2: I paraphrase a long tweet he said, Vladimir Kamma all
Speaker 2: caps stop exclamation point Daniel Tanebaum of Oliver Wyman on
Speaker 2: a tweet.
Speaker 3: You know, it's wonderful week. The President was pissed at
Speaker 3: Putin a few weeks ago. I think we saw that
Speaker 3: on one of the Sunday morning shows. But he needs
Speaker 3: to actually take action against Russia. There have been two
Speaker 3: major moves that the US has made on Russia since
Speaker 3: Trump has taken office again. One was by quietly extending
Speaker 3: biden Erra Russia sanctions a week and a half ago
Speaker 3: with little fanfare. The other was actually by not doing
Speaker 3: something and letting an energy waiver expire to ban the
Speaker 3: trading or financing of Russian energy. But the President needs
Speaker 3: to be more active on actually using the considerable power
Speaker 3: that the US government has to put more pressure on
Speaker 3: Russian and those supporting it.
Speaker 2: Daniel ten Ofem of Oliver Wyman. A lot of other
Speaker 2: good conversations, of course, a lot of his senator on
Speaker 2: claims today. They came in on target. They certainly did
Speaker 2: not go to a worser number, a higher statistic. I
Speaker 2: believe they came in at two hundred and twenty two thousand.
Speaker 2: I modeled a standard deviation study, and you know two
Speaker 2: hundred and forty thousand is some inks, but two hundred
Speaker 2: and sixty thousand is where the challenges click in. We're
Speaker 2: not there yet, still good claims numbers, and along joined
Speaker 2: us from Bloomberg Economics, she said, such an impact on
Speaker 2: American economics in the last twelve months, and owaha on
Speaker 2: the pass forward for the American labor economy.
Speaker 4: Four point eight percent unemployment rate, though historically a cold
Speaker 4: statustion looking at it, will still be thinking, well, it's
Speaker 4: not that high compare to historical average. However, you're right, Thomas,
Speaker 4: the emotions and I think people of course would be
Speaker 4: pulling back on spending, particularly after they have stalked up
Speaker 4: running the tariffs in the first quarter this year, and
Speaker 4: so this will be a very harsh Christmas and Halloween season,
Speaker 4: particularly because there will be a lot of empty spaces
Speaker 4: on the shelves too.
Speaker 2: An amazing statement there from doctor one looking forward to
Speaker 2: some of the worries that are out there. Of course,
Speaker 2: our Washington team reporting that big box retail executives has
Speaker 2: tried to sit down with the President and explain to
Speaker 2: him full to empty shelves. On your commute across the nation,
Speaker 2: particularly good morning to Canada. We say good morning to
Speaker 2: you on your commute as well. We had a great,
Speaker 2: great half hour in Canada with Jean Beavane of Blackrock today.
Speaker 2: But but just thank you so much, and on a
Speaker 2: YouTube subscribe to Bloomberg Podcasts and out that YouTube podcast.
Speaker 2: This is a single best idea