Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: A single best idea here is the single best idea.
Speaker 2: Today is one of the most extraordinary groupings of news,
Speaker 2: cacophony of news that I have seen in umpteen decades.
Speaker 2: I can't even describe the multiple big stories that we're
Speaker 2: looking at. I worry about the subsome stories that we're
Speaker 2: not talking about that maybe we should be looking at.
Speaker 2: But the newsflow absolutely overwhelming. Our team doing everything they
Speaker 2: can to try to keep up with the news. Some
Speaker 2: very good work today on the war. Susan Maloney was
Speaker 2: just brilliant out of Foreign Affairs magazine, and all their
Speaker 2: work at Brookings is well pick up on as well.
Speaker 2: Sema Shaw joined from principal asset manager. She was really
Speaker 2: quite good in the global economy. But your Sema Shaw
Speaker 2: and the choice set for central banks.
Speaker 3: They're frozen. I mean, this isn't far too early for
Speaker 3: any central bank to try and react to what's happening
Speaker 3: with the conflict, partly because we don't know what's going
Speaker 3: to happen on a day to day basis, but they
Speaker 3: do need to still see what is the impact to
Speaker 3: inflation expectations. You are going to see these divergents building
Speaker 3: out across the Atlantic with the You know, we expect
Speaker 3: the FED to cut rates at least once later this year.
Speaker 3: We delayed the rate cut through to the end of
Speaker 3: the year. But in Europe their focused possibility to focus
Speaker 3: on inflation expectations is that much stronger. So we are
Speaker 3: anticipately a couple of rate heights from the ECB and
Speaker 3: certainly potentially from the Bank of England as well, but
Speaker 3: right now it is too early for these central banks
Speaker 3: to be responding.
Speaker 2: Shaw from London with principal asset manager. She was really
Speaker 2: quite good on how different regions are affected by what
Speaker 2: we're seeing right now, which is one fifteen, one sixteen
Speaker 2: and one seventeen Brent crude. As I tape this, it's
Speaker 2: one sixteen eighty. But wait for a cup of Senca
Speaker 2: and we'll get a different price. Michael Ball of Bloomberg
Speaker 2: Markets has made an immense splash worldwide. He's being picked
Speaker 2: up by all sorts of news services for his acute
Speaker 2: analysis any number of topics today with Michael Ball. But
Speaker 2: he started out with not the MAG seven, but maybe
Speaker 2: it's called the MAG fifty.
Speaker 1: And like as I walked out, I told you guys
Speaker 1: like Blue Energy and Seagate coming out of the gates
Speaker 1: this morning real strong. And we know from ASML, from
Speaker 1: basically TSMC that you know we should expect good thing
Speaker 1: from the hyper scales. We're not yet near the peak.
Speaker 1: We're looking third fourth quarter maybe for some of these
Speaker 1: capecks numbers to finally start coming down. They're not coming
Speaker 1: down yet. What we're just looking for right now, I guess,
Speaker 1: is the trickle of smaller data points from Asia moving
Speaker 1: into Europe and eventually hitting the rest of the world.
Speaker 1: And that's where we got to start thinking about that.
Speaker 1: This AI capex isn't enough to offset the real economic
Speaker 1: damage being done from the short of not only oil,
Speaker 1: but all these other products, fertilizers, you name it.
Speaker 2: It is an incredible set of dynamics. Each conversation we're having,
Speaker 2: I hope adds a richness to your questions on my
Speaker 2: head spending just as much as yours is over the
Speaker 2: statics and the dynamics of economics, finance, investment, and international
Speaker 2: relations on podcasts or at Spotify, at Apple on YouTube
Speaker 2: podcasts its single best idea