Speaker 1: Bloomberg Audio Studios, podcasts, radio news. A single best idea
Speaker 1: and this could be you know, a legit forty minute
Speaker 1: podcast today. An extraordinary effort today by our team. Jensnordviks
Speaker 1: dot buy on foreign exchange, just fiery on euro and
Speaker 1: risks to the dollar. He's with Xanti Data. Ana Wong
Speaker 1: was on fire looking for a real shift in the
Speaker 1: American economy after fourth of July anamog looking for a
Speaker 1: four point eight percent unemployment rate and higher after that.
Speaker 1: Of course that off the FED meeting yesterday. Rick Atkinson
Speaker 1: showed up. We have two summer books this year. One
Speaker 1: is on economics and finance Kenneth Rogoff. We'll have Ken
Speaker 1: Rogoff in here to talk about is just wonderful sprawl
Speaker 1: of a book across Russia, Europe, across Japan. And then
Speaker 1: the Future of the Dollar and another book which we
Speaker 1: featured today. Rick Atkinson joined us with his magisterial second volume,
Speaker 1: The Fate of the Day on the American Revolution. What
Speaker 1: an honor. Richard Portis joined us as well. He has
Speaker 1: esteemed the London Business School. Professor Portis with a perspective
Speaker 1: of the Transatlantic and it hearkens back to World War
Speaker 1: to Richard Port us here on the death of Joseph
Speaker 1: Nye of Harvard.
Speaker 2: Afraid it looks rather shaky now. Sadly, Joe was a
Speaker 2: wonderful person and a terrific intellect, and the soft power
Speaker 2: concept really made headway during the day when soft power
Speaker 2: could exercise power. Now it seems that we've shifted away
Speaker 2: from that. And the environment, the international environment is not
Speaker 2: conducive to the use of soft power. We are in
Speaker 2: chaos mode honestly internationally and to some extent domestically in
Speaker 2: this in this country, in the United States, and a
Speaker 2: bit in the UK and some in Europe as well.
Speaker 2: So it's it's not it's not good. The multilateral system
Speaker 2: is coming apart, and someone like Joe and I for example,
Speaker 2: was a great proponent and advocate of multilateral stability, and
Speaker 2: it's it's going what an honorative.
Speaker 1: Rich redportis on the late Joseph, and we continued with
Speaker 1: Professor portis of course so much to talk about about
Speaker 1: domestic United Kingdom politics, mister Faraj and all, but also
Speaker 1: of course the special relationship in some form of quote
Speaker 1: comprehensive unquote agreement. Looking to Prime Minister Starmer.
Speaker 2: I think starmer Is, the Prime Minister in the UK,
Speaker 2: is treading a very fine line and not quite clear
Speaker 2: which side of that line he's falling on, as between
Speaker 2: the European Union and the United States, and he's trying
Speaker 2: to both have it both ways, good relationships with both,
Speaker 2: but it's not clear that that's going to be feasible,
Speaker 2: so he may in due course have to make some
Speaker 2: tough choices. If he will portray this deal with the
Speaker 2: Trump is about to announce, he will portray that as
Speaker 2: a great step forward. As I've said, I don't think
Speaker 2: it's a great step forward. It's useful, but the baseline,
Speaker 2: as far as I can, as far as I understand
Speaker 2: from the press, the baseline ten percent step tariff will stay.
Speaker 1: Richard Portos with all of his academics in America now
Speaker 1: at the London Business School. Just an honorative of him
Speaker 1: and U Obedient as well. Today. What a show it
Speaker 1: was across the nation on your commute. Thank you so
Speaker 1: much for listening. In A major shout out to Google
Speaker 1: and all their technology with Android Auto. It's changing radically.
Speaker 1: They're really enhancing that software on YouTube around the world,
Speaker 1: including Richard Portis London. Thank you for subscribing to Bloomberg podcast,
Speaker 1: and out on YouTube podcasts. This is a single best
Speaker 1: idea