1 00:00:02,520 --> 00:00:16,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. A single best idea 2 00:00:16,120 --> 00:00:18,120 Speaker 1: and this could be you know, a legit forty minute 3 00:00:18,160 --> 00:00:23,240 Speaker 1: podcast today. An extraordinary effort today by our team. Jensnordviks 4 00:00:23,280 --> 00:00:27,639 Speaker 1: dot buy on foreign exchange, just fiery on euro and 5 00:00:27,760 --> 00:00:31,560 Speaker 1: risks to the dollar. He's with Xanti Data. Ana Wong 6 00:00:31,840 --> 00:00:34,680 Speaker 1: was on fire looking for a real shift in the 7 00:00:34,680 --> 00:00:38,400 Speaker 1: American economy after fourth of July anamog looking for a 8 00:00:38,520 --> 00:00:42,760 Speaker 1: four point eight percent unemployment rate and higher after that. 9 00:00:42,880 --> 00:00:47,080 Speaker 1: Of course that off the FED meeting yesterday. Rick Atkinson 10 00:00:47,400 --> 00:00:50,360 Speaker 1: showed up. We have two summer books this year. One 11 00:00:50,440 --> 00:00:53,600 Speaker 1: is on economics and finance Kenneth Rogoff. We'll have Ken 12 00:00:53,640 --> 00:00:57,120 Speaker 1: Rogoff in here to talk about is just wonderful sprawl 13 00:00:57,160 --> 00:01:03,080 Speaker 1: of a book across Russia, Europe, across Japan. And then 14 00:01:03,120 --> 00:01:06,959 Speaker 1: the Future of the Dollar and another book which we 15 00:01:07,040 --> 00:01:11,600 Speaker 1: featured today. Rick Atkinson joined us with his magisterial second volume, 16 00:01:12,360 --> 00:01:15,600 Speaker 1: The Fate of the Day on the American Revolution. What 17 00:01:15,680 --> 00:01:18,560 Speaker 1: an honor. Richard Portis joined us as well. He has 18 00:01:18,720 --> 00:01:23,320 Speaker 1: esteemed the London Business School. Professor Portis with a perspective 19 00:01:23,360 --> 00:01:26,640 Speaker 1: of the Transatlantic and it hearkens back to World War 20 00:01:27,360 --> 00:01:31,200 Speaker 1: to Richard Port us here on the death of Joseph 21 00:01:31,319 --> 00:01:32,800 Speaker 1: Nye of Harvard. 22 00:01:32,959 --> 00:01:37,520 Speaker 2: Afraid it looks rather shaky now. Sadly, Joe was a 23 00:01:37,720 --> 00:01:42,160 Speaker 2: wonderful person and a terrific intellect, and the soft power 24 00:01:42,240 --> 00:01:47,199 Speaker 2: concept really made headway during the day when soft power 25 00:01:47,800 --> 00:01:52,040 Speaker 2: could exercise power. Now it seems that we've shifted away 26 00:01:52,040 --> 00:01:57,280 Speaker 2: from that. And the environment, the international environment is not 27 00:01:57,600 --> 00:02:00,440 Speaker 2: conducive to the use of soft power. We are in 28 00:02:00,520 --> 00:02:06,520 Speaker 2: chaos mode honestly internationally and to some extent domestically in 29 00:02:06,560 --> 00:02:09,640 Speaker 2: this in this country, in the United States, and a 30 00:02:09,720 --> 00:02:12,800 Speaker 2: bit in the UK and some in Europe as well. 31 00:02:13,200 --> 00:02:18,880 Speaker 2: So it's it's not it's not good. The multilateral system 32 00:02:18,919 --> 00:02:21,720 Speaker 2: is coming apart, and someone like Joe and I for example, 33 00:02:23,160 --> 00:02:28,560 Speaker 2: was a great proponent and advocate of multilateral stability, and 34 00:02:28,639 --> 00:02:31,560 Speaker 2: it's it's going what an honorative. 35 00:02:31,280 --> 00:02:35,520 Speaker 1: Rich redportis on the late Joseph, and we continued with 36 00:02:35,880 --> 00:02:38,840 Speaker 1: Professor portis of course so much to talk about about 37 00:02:38,840 --> 00:02:43,520 Speaker 1: domestic United Kingdom politics, mister Faraj and all, but also 38 00:02:43,560 --> 00:02:47,440 Speaker 1: of course the special relationship in some form of quote 39 00:02:47,960 --> 00:02:53,120 Speaker 1: comprehensive unquote agreement. Looking to Prime Minister Starmer. 40 00:02:53,000 --> 00:02:56,200 Speaker 2: I think starmer Is, the Prime Minister in the UK, 41 00:02:56,960 --> 00:03:01,000 Speaker 2: is treading a very fine line and not quite clear 42 00:03:01,520 --> 00:03:04,360 Speaker 2: which side of that line he's falling on, as between 43 00:03:04,600 --> 00:03:08,600 Speaker 2: the European Union and the United States, and he's trying 44 00:03:08,639 --> 00:03:12,520 Speaker 2: to both have it both ways, good relationships with both, 45 00:03:13,440 --> 00:03:15,280 Speaker 2: but it's not clear that that's going to be feasible, 46 00:03:16,040 --> 00:03:19,200 Speaker 2: so he may in due course have to make some 47 00:03:19,280 --> 00:03:23,360 Speaker 2: tough choices. If he will portray this deal with the 48 00:03:23,400 --> 00:03:25,960 Speaker 2: Trump is about to announce, he will portray that as 49 00:03:26,000 --> 00:03:28,400 Speaker 2: a great step forward. As I've said, I don't think 50 00:03:28,440 --> 00:03:32,360 Speaker 2: it's a great step forward. It's useful, but the baseline, 51 00:03:32,360 --> 00:03:34,200 Speaker 2: as far as I can, as far as I understand 52 00:03:34,200 --> 00:03:37,480 Speaker 2: from the press, the baseline ten percent step tariff will stay. 53 00:03:37,880 --> 00:03:41,080 Speaker 1: Richard Portos with all of his academics in America now 54 00:03:41,080 --> 00:03:43,880 Speaker 1: at the London Business School. Just an honorative of him 55 00:03:43,880 --> 00:03:47,520 Speaker 1: and U Obedient as well. Today. What a show it 56 00:03:47,840 --> 00:03:50,600 Speaker 1: was across the nation on your commute. Thank you so 57 00:03:50,720 --> 00:03:52,880 Speaker 1: much for listening. In A major shout out to Google 58 00:03:52,960 --> 00:03:57,520 Speaker 1: and all their technology with Android Auto. It's changing radically. 59 00:03:57,520 --> 00:04:02,080 Speaker 1: They're really enhancing that software on YouTube around the world, 60 00:04:02,160 --> 00:04:07,480 Speaker 1: including Richard Portis London. Thank you for subscribing to Bloomberg podcast, 61 00:04:07,520 --> 00:04:10,640 Speaker 1: and out on YouTube podcasts. This is a single best 62 00:04:10,800 --> 00:04:16,120 Speaker 1: idea