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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. It is single best

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Speaker 1: idea we did do is we like to keep it

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Speaker 1: six minutes. We know you listen to a lot of podcasts.

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Speaker 1: You got two, three, four podcasts, and our goal here

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Speaker 1: is to slip in a six to seven minute vignette

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Speaker 1: of two thoughts. Today. We could have done a one hour,

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Speaker 1: single best idea. It's amazing the news flow, the market flow,

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Speaker 1: the story flow that we saw today. We've got your

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Speaker 1: gene Monster, who's iconic and following technology years ago at

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Speaker 1: Piper Jeffrey now a deep water asset right now, he's

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Speaker 1: doing work with Cooper Tinos. So we did not talk

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Speaker 1: to Apple. We'll talk Tesla here in a moment. Of course,

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Speaker 1: Tesla out with some difficult production numbers today as well.

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Speaker 1: But before that. Jason Furman. Jason Furman is at Harvard.

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Speaker 1: He does the iconic ten course, which is arguably the

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Speaker 1: most popular course I believe at Harvard other than History

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Speaker 1: of the Red Sox. And Jason Furman links in good economics,

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Speaker 1: good monetary analysis, inflation and all that, but with a

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Speaker 1: foundational policy view. And even conservatives study Jason Furman as

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Speaker 1: do liberals because he folds in a broader economics around

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Speaker 1: policy and around the fiscal state of America. Here is

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Speaker 1: Professor Furman on interest rates higher.

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Speaker 2: There is no doubt that the United States is on

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Speaker 2: an unsustainable course. I think Bloomberg just did an analysis

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Speaker 2: and I think it's something like eighty eight percent of

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Speaker 2: the scenarios the debt is unsustainable. That seems very plausible

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Speaker 2: to me. Here's the tricky thing. We don't know how

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Speaker 2: urgent this problem is. We don't know how big this

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Speaker 2: problem is. We don't know how much time we have now.

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Speaker 2: All that uncertainty is an argument for taking out some insurance.

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Speaker 2: We'd rather not find out what a crisis is like.

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Speaker 2: But I tend to.

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Speaker 3: Be on this.

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Speaker 2: If we deal with this a couple of years from now,

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Speaker 2: we'll probably be fine. But maybe we need to do

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Speaker 2: better for the United States economy than probably.

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Speaker 1: And boy, did you see that in the market action today?

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Speaker 1: We do look at equities, bonds, currencies, commodities and commodities,

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Speaker 1: oil eighty eight eighty nine dollars a barrow, some serious

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Speaker 1: geopolitical anks there as well, but gold beginning to discuss

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Speaker 1: a higher price record highs today in gold. Thank you

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Speaker 1: to Excel Murk of Van Gold Fund for really giving

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Speaker 1: us a nice overview of the central bank buying in

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Speaker 1: gold and some of the mysteries that out there. He

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Speaker 1: may clear he doesn't feel retails in gold. It's a

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Speaker 1: very much institutional and global price lift. But Jason Furman

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Speaker 1: there of Harvard on, I know all the anngst you

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Speaker 1: feel about our debt and our deficit. Some of the

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Speaker 1: ankss and audibobiles pre pandemic, it was sixteen million units.

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Speaker 1: The numbers come out, the words numbers come out today,

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Speaker 1: maybe seventeen million units. I don't think we're quite there.

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Speaker 1: And of course the whole soap opera of batteries and

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Speaker 1: what we're going to do with EV and hybrids and

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Speaker 1: traditional cars as well. All of that centered around Tesla,

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Speaker 1: as it always is. Stocks had a really tough time

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Speaker 1: and just in the last number of days south to

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Speaker 1: a one seventy five level, plunging down seven percent on

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Speaker 1: headlines today that showed that they underperformed. There was any

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Speaker 1: number of angles within the Tesla press release, including Red Sea,

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Speaker 1: conflict of fire in Berlin, and other ideas. Paul Sweeney

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Speaker 1: I thought was great on this talking not so much

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Speaker 1: about the supply dynamics of Tesla, but the demand dynamics

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Speaker 1: of Tesla. Shout out to Ed Ludlow of Bloomberg Technology

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Speaker 1: gave us some real wisdom here on actually owning a Tesla.

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Speaker 1: At something he's recently acquired. We acquired the wonderful conversation

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Speaker 1: of Gene Mounster of deep Water Asset Management. Thank you,

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Speaker 1: miss monster. Here is a Gene Monster with perspective from Detroit.

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Speaker 3: This is today is a victory. And you know, I

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Speaker 3: don't like using war analogies in business, but this is

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Speaker 3: this is a battle. It's a war going on between

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Speaker 3: gas and electric here and this is definitely a victory

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Speaker 3: for for gas. And I think that they have a

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Speaker 3: view about where the world is going and they're playing

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Speaker 3: towards that. And I would say that this is a

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Speaker 3: speed bump. And I think that if you just look

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Speaker 3: at the numbers and look at the relative stock reaction,

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Speaker 3: the stock should be done more. And I think the

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Speaker 3: reason why it's not is because I think they're investors

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Speaker 3: who are in that camp that's personally where I'm in.

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Speaker 3: The camp that I'm in is that I think that

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Speaker 3: this is ultimately going to be it's a it's a

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Speaker 3: painful bump, but I think a bump in the row.

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Speaker 1: We'll continue to follow the bump here Bloomberg Intelligence with

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Speaker 1: the great auto work, and of course I finished out

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Speaker 1: that coverage with that Ludlow I said it's Tesla tech

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Speaker 1: company or an auto company, and the hate mail came

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Speaker 1: in immediately. Single best idea is a new project. It's

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Speaker 1: just to get two snippets out there in your busy day.

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Speaker 1: Six seven minutes is what we're clocking in here. We're

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Speaker 1: trying to make it shorter, tighter here today with Jason

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Speaker 1: Furman and Gene Munster. We're out on Apple car Play.

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Speaker 1: Download the Bloomberg Business app. It's free and you could

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Speaker 1: really link in there to Apple car Play. I don't know, Eric,

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Speaker 1: does Tesla do Apple car Play? I don't think they do.

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Speaker 1: Do they. I think they're one of the ones. They're like, no, no, no,

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Speaker 1: we're not going to do that. They'll wake up, they'll

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Speaker 1: come over to Coopertino. And also, of course Android has

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Speaker 1: a car play as well on YouTube search Bloomberg Podcasts

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Speaker 1: and we have a lively live chat. Some real insight

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Speaker 1: out on the live chat. The high point today as

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Speaker 1: we cover the black flies of northern New England. That

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Speaker 1: was an important high point there. With our live chat,

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Speaker 1: we're on Apple car play on YouTube, Bloomberg Podcasts, single

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Speaker 1: best idea and it is Bloomberg Surveillance