1
00:00:02,520 --> 00:00:13,840
Speaker 1: Bloomberg Audio Studios, podcasts, radio news, single.

2
00:00:13,520 --> 00:00:16,959
Speaker 2: Best idea in our really different show today. Yes, we

3
00:00:17,000 --> 00:00:22,799
Speaker 2: did economics, finance, investment, we did international relations, sobering to

4
00:00:22,840 --> 00:00:24,960
Speaker 2: see you, for example on the New York Times early

5
00:00:25,040 --> 00:00:28,640
Speaker 2: early in the morning, the deployment of our material around

6
00:00:28,680 --> 00:00:32,080
Speaker 2: all of the Middle East and Iran, and of course

7
00:00:32,240 --> 00:00:35,080
Speaker 2: as we were going to air the story of the

8
00:00:35,200 --> 00:00:39,479
Speaker 2: Royal family in the United Kingdom. First, Lizzie Sounders with

9
00:00:39,600 --> 00:00:43,280
Speaker 2: us on economics, her excellence on the stock market at

10
00:00:43,360 --> 00:00:48,680
Speaker 2: Charles Schwab. Lizzianne Saunders on your gross domestic product.

11
00:00:49,080 --> 00:00:53,400
Speaker 3: We know the formula that goes into what GDP. When

12
00:00:53,440 --> 00:00:56,200
Speaker 3: GDP is released, it's everything from you know, government and

13
00:00:56,240 --> 00:01:00,000
Speaker 3: private sector and consumption and the relationship between imports and exports,

14
00:01:00,240 --> 00:01:04,280
Speaker 3: and business investment, residential investment. But at its base level,

15
00:01:04,760 --> 00:01:08,959
Speaker 3: the calculation for economic growth is productivity times labor force growth.

16
00:01:09,080 --> 00:01:11,440
Speaker 3: We don't have the labor force growth piece, but we

17
00:01:11,480 --> 00:01:14,280
Speaker 3: certainly have had the productivity piece, and that has been

18
00:01:14,319 --> 00:01:17,240
Speaker 3: a beneficial offset in an environment where we have very

19
00:01:17,280 --> 00:01:20,400
Speaker 3: constrained labor force growth. It also tells you that if

20
00:01:20,440 --> 00:01:23,760
Speaker 3: that productivity miracle, if we want to call that, fades

21
00:01:23,800 --> 00:01:27,480
Speaker 3: it all apps. In any pickup in labor force growth,

22
00:01:27,720 --> 00:01:30,920
Speaker 3: then we probably have a bigger problem from a GDP perspective.

23
00:01:30,920 --> 00:01:32,360
Speaker 3: But that's certainly not been the case.

24
00:01:32,640 --> 00:01:35,120
Speaker 2: Lizie Saunders, I thought with an optimistic tech and I

25
00:01:35,120 --> 00:01:38,920
Speaker 2: really want to say across all of the conversations today,

26
00:01:39,000 --> 00:01:44,560
Speaker 2: we've had a huge geographic week Cincinnati, Chicago, Dallas, others

27
00:01:45,080 --> 00:01:47,319
Speaker 2: that there's a real tone here. As we heard from

28
00:01:47,360 --> 00:01:53,160
Speaker 2: Latchman Anchathon at Eckri Ecri. We heard from Latchman that

29
00:01:53,240 --> 00:01:56,240
Speaker 2: I'm sorry there is solidity to the labor economy and

30
00:01:56,320 --> 00:01:59,840
Speaker 2: yet we get so many reports, and particularly from our listeners,

31
00:02:00,360 --> 00:02:03,920
Speaker 2: maybe not so much. There was the news of the

32
00:02:03,960 --> 00:02:08,560
Speaker 2: former Prince Andrew in the United Kingdom. We turned to

33
00:02:08,639 --> 00:02:12,480
Speaker 2: Michelle Hussein. You know her from her wonderful interviews or

34
00:02:12,680 --> 00:02:17,800
Speaker 2: in depth interviews here at Bloomberg, across her arc of

35
00:02:17,880 --> 00:02:21,079
Speaker 2: the BBC and to all of her work in her

36
00:02:21,240 --> 00:02:27,160
Speaker 2: United Kingdom. Michelle Hussain and the reaction of the Great

37
00:02:27,200 --> 00:02:31,720
Speaker 2: Britain of Wales of Scotland to this historic moment.

38
00:02:32,120 --> 00:02:34,240
Speaker 4: I can tell you first of all the reaction in

39
00:02:34,320 --> 00:02:37,720
Speaker 4: this newsroom. Then this is the kind of moment where

40
00:02:38,240 --> 00:02:40,239
Speaker 4: you don't just do a sharp intake of breath with

41
00:02:40,440 --> 00:02:43,080
Speaker 4: as you see the news come through, people are standing

42
00:02:43,160 --> 00:02:45,840
Speaker 4: up at their desk just wanting to make eye contact

43
00:02:45,840 --> 00:02:48,040
Speaker 4: and talk about the enormity of what's happened.

44
00:02:48,520 --> 00:02:53,200
Speaker 2: Michelle Hossain look for that. Entire interview went viral worldwide today.

45
00:02:53,200 --> 00:02:55,720
Speaker 2: We really tried to address it. We finished the interview

46
00:02:55,720 --> 00:03:01,680
Speaker 2: of talking about Prince George, age twelve on podcasts at Apple,

47
00:03:01,800 --> 00:03:06,440
Speaker 2: Apple Music, at Spotify, a YouTube podcasts. It's single best

48
00:03:06,800 --> 00:03:09,280
Speaker 2: idea