1 00:00:02,520 --> 00:00:15,480 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, A single best idea, 2 00:00:16,079 --> 00:00:19,799 Speaker 1: just an extraordinary day. Thank you to David Gura for 3 00:00:19,920 --> 00:00:23,119 Speaker 1: reporting from the side of a river with all of 4 00:00:23,160 --> 00:00:28,520 Speaker 1: that history of Ottawa and Canada on the selection historic moment. 5 00:00:28,600 --> 00:00:33,080 Speaker 1: Of course, all tied into a huge emotion between the 6 00:00:33,120 --> 00:00:35,680 Speaker 1: President of the United States talking about a fifty first 7 00:00:35,720 --> 00:00:39,680 Speaker 1: state and the defense that the people of Canada feel 8 00:00:39,800 --> 00:00:42,880 Speaker 1: good morning to Mexico as well, we should say we 9 00:00:42,880 --> 00:00:45,199 Speaker 1: don't want to forget the challenges with our neighbor to 10 00:00:45,240 --> 00:00:47,800 Speaker 1: the south. It was such an honor to speak to 11 00:00:47,880 --> 00:00:50,400 Speaker 1: David Dodge today. He is a venerable Governor of the 12 00:00:50,440 --> 00:00:53,840 Speaker 1: Bank of Canada, a vibrant eighty one years old, and 13 00:00:53,880 --> 00:00:58,200 Speaker 1: he gave us wonderful perspective. Perspective as well on China. 14 00:00:58,280 --> 00:01:03,360 Speaker 1: Elizabeth Economy is definitive America on an analysis of China 15 00:01:03,840 --> 00:01:08,520 Speaker 1: earned credibility from the University of Michigan years ago. Here's 16 00:01:08,520 --> 00:01:12,880 Speaker 1: Elizabeth Economy of the Hoover Institute out at Stanford University 17 00:01:13,440 --> 00:01:16,479 Speaker 1: on this moment for America in China. 18 00:01:16,600 --> 00:01:19,640 Speaker 2: I think it depends on how long the president stumbles 19 00:01:19,760 --> 00:01:22,440 Speaker 2: and in which direction I mean. I think there's a stumble, 20 00:01:22,520 --> 00:01:24,440 Speaker 2: one might say on the tariffs. There's a stumble on, 21 00:01:24,560 --> 00:01:28,840 Speaker 2: you know, undercutting investment in our universities. There's probably a 22 00:01:28,920 --> 00:01:33,040 Speaker 2: stumble in moving away from clean energy, which is you know, 23 00:01:33,080 --> 00:01:35,040 Speaker 2: the choice of most of the world for the twenty 24 00:01:35,080 --> 00:01:40,120 Speaker 2: first century. So while we're looking backwards to the nineteen fifties. 25 00:01:39,640 --> 00:01:41,720 Speaker 3: And the rest of the world is looking to twenty fifties. 26 00:01:41,920 --> 00:01:44,160 Speaker 3: I think there are a number of different stumbles, but 27 00:01:44,160 --> 00:01:46,880 Speaker 3: it really we're only one hundred days into this administration, 28 00:01:47,040 --> 00:01:50,480 Speaker 3: and there's plenty of time for I think course correction. 29 00:01:50,480 --> 00:01:54,840 Speaker 1: Elizabeth Economy there of Stanford University, a new book scheduled 30 00:01:54,880 --> 00:01:57,240 Speaker 1: out next year. I know from we should note a 31 00:01:57,280 --> 00:02:02,760 Speaker 1: public service to Jinieimando at Commerce in the previous administration, 32 00:02:03,440 --> 00:02:06,720 Speaker 1: joining US as well. Today, Ethan Harris retired but not 33 00:02:07,280 --> 00:02:10,240 Speaker 1: left Bank of America, and Day one wrote on LinkedIn, 34 00:02:10,400 --> 00:02:15,200 Speaker 1: brilliant work. Can't say enough about the constructive knowledge that 35 00:02:15,280 --> 00:02:17,639 Speaker 1: I see in my LinkedIn feed, and part of that 36 00:02:18,400 --> 00:02:22,160 Speaker 1: is from Ethan Harris. Here's Ethan Harris on the FED 37 00:02:22,320 --> 00:02:23,840 Speaker 1: in the moment for America. 38 00:02:24,000 --> 00:02:26,720 Speaker 4: I think that a commist would agree that you need 39 00:02:26,720 --> 00:02:32,600 Speaker 4: to deal with China and the unfair trade practices of China, 40 00:02:32,760 --> 00:02:36,840 Speaker 4: but that's not what they're doing. China should be the focus. 41 00:02:37,160 --> 00:02:40,240 Speaker 4: Why are we beating up on Canada and Mexico. We 42 00:02:40,320 --> 00:02:43,760 Speaker 4: have a free trade agreement with them, they are closest allies. 43 00:02:44,080 --> 00:02:47,320 Speaker 4: Why are we beating up on Europe. Europe's trade is 44 00:02:47,440 --> 00:02:52,280 Speaker 4: relatively unfettered with the United States, so it's not the 45 00:02:52,360 --> 00:02:54,639 Speaker 4: right way to go about it. The tariffs should be 46 00:02:54,720 --> 00:03:01,040 Speaker 4: focused on issues of geopolitics and on unfairness, not this 47 00:03:01,240 --> 00:03:05,840 Speaker 4: kind of US against everyone. America alone is not a 48 00:03:05,880 --> 00:03:07,200 Speaker 4: good policy. 49 00:03:06,919 --> 00:03:10,720 Speaker 1: Ethan Harris. They're talking about the China, the geopolitics at 50 00:03:10,760 --> 00:03:12,960 Speaker 1: the moment, and of course how it folds back into 51 00:03:13,480 --> 00:03:16,079 Speaker 1: the FED. He says, he gave the FED very very 52 00:03:16,160 --> 00:03:20,760 Speaker 1: high marks within that extended conversation on your community across 53 00:03:20,800 --> 00:03:23,240 Speaker 1: the nation. Thank you so much for listening. Seeing more 54 00:03:23,280 --> 00:03:27,959 Speaker 1: and more of Android Auto and Apple CarPlay on YouTube again, 55 00:03:28,160 --> 00:03:33,120 Speaker 1: I am overwhelmed by this digital power that is YouTube. 56 00:03:33,240 --> 00:03:38,200 Speaker 1: We're out on Bloomberg Podcasts, Subscribe to Bloomberg Podcasts and 57 00:03:38,240 --> 00:03:54,520 Speaker 1: out there always on YouTube podcasts. Single best idea