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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: Single best idea. Thank you so much for listening to me,

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Speaker 2: some nice feedback on this. The goal here is a

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Speaker 2: short focused two ideas on what we observed across all

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Speaker 2: of the three hours of Bloomberg surveillance today. And the

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Speaker 2: basic idea is, we know you're busy with your many podcasts,

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Speaker 2: and the goal here is a six minute short, tight

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Speaker 2: focus of two insights from our many, many wonderful guests.

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Speaker 2: Today's very eclectic. We start out in economics and then

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Speaker 2: we get to the glory of American technology. In economics,

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Speaker 2: it's simple. There was a wall of economic day to

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Speaker 2: day thirty and we dissected that with Jeffrey Cleveland of

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Speaker 2: Peydon and Rigel. And what's so important here is he's

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Speaker 2: got a huge West Coast bias. He's away from the

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Speaker 2: three zip codes of Manhattan. He's very aware of the

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Speaker 2: productivity of America and some of the boom economies, maybe

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Speaker 2: the Northeast. Seeing what we saw today was a dash

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Speaker 2: of that continued boom economy. And we really saw that

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Speaker 2: with a weekly claim statistic that was better than good.

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Speaker 2: We had retail sales as well. In PPI let us

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Speaker 2: listen to jeff Cleveland.

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Speaker 1: I don't see the case for raycuts in this data.

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Speaker 1: I mean, just in order of importance for what I'm

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Speaker 1: looking at, looking at initial claims dropping back below two

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Speaker 1: hundred and ten thousand in the latest week, I mean

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Speaker 1: exceptionally low layoff activity. So that's the sign of I think,

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Speaker 1: a still solid labor market. And then if you go

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Speaker 1: next to PPI, it definitely came in hotter than we expected.

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Speaker 1: We already penciled in a point three poor PCE increase

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Speaker 1: four February, so for later this month. But nothing there

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Speaker 1: that I think. If I'm a policy maker sitting around

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Speaker 1: Washington next week, I'm going to be really confident that

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Speaker 1: we've done enough.

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Speaker 2: Jeffrey Cleveland, They're and the economic data of the day,

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Speaker 2: and we'll see what happens here in the coming days.

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Speaker 2: As we go towards the March twenty at FED meeting,

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Speaker 2: look for the Bloomberg Savannah's coverage. The FED decides, of course,

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Speaker 2: we'll do that on March twentieth. Today was an extraordinary day.

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Speaker 2: I don't know what to say other than the team

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Speaker 2: got the best guests that we could have given a

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Speaker 2: spaceflight or an attempt of a spaceflight. Let us remind

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Speaker 2: ourselves that Elon Musk has tried to put two of

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Speaker 2: a ginormous rocket up into the air and he has

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Speaker 2: failed gloriously twice. It's amazing to see actual rocketry failure,

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Speaker 2: as we've witnessed over the recent months as well. So

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Speaker 2: there are some real tension in the air during the

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Speaker 2: show today, and we had the great privilege of would

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Speaker 2: this huge rocket destined to go to the Moon and

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Speaker 2: to Mars, dramatically larger than any of our memories of

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Speaker 2: the ninth sixties and early nineteen seventies, could it possibly succeed?

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Speaker 2: And what we saw was a very successful launch today.

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Speaker 2: Keith Cowing is an astrobiologist. He's someone with NASA, but

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Speaker 2: also on the edges of NASA. He's been somewhat critical

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Speaker 2: of NASA as well. He's done all sorts of other

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Speaker 2: projects and manned and unmanned American space. Here's Keith Cowing

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Speaker 2: on the moment at hand.

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Speaker 3: And now what you're seeing, I mean this is you know,

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Speaker 3: I don't want to get two flagwaving, but this is

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Speaker 3: an American rocket. Have one percent American. Based on everything

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Speaker 3: we've learned in the past half century, and this thing

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Speaker 3: is just taken off like a nineteen fifty science fiction rocket.

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Speaker 2: The success of Eland must today and to remind ourselves

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Speaker 2: that this huge rocket took off from Texas, and the

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Speaker 2: tension was around just getting off the ground, the initial

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Speaker 2: thrust and that and the scope and size a bottom

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Speaker 2: end of the rocket, the flames coming out dramatically larger

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Speaker 2: than anything of our memories have said, and five and

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Speaker 2: Apollo eleven and Apollow sixteen, and so we talked to

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Speaker 2: Keith Cowing about the path forward here this success for

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Speaker 2: mister Musk.

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Speaker 3: I mean, this is this is indeed how you do it,

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Speaker 3: and this is how you do it multiple times. And

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Speaker 3: the first place we're going to go is the Moon,

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Speaker 3: and once we figure that out, the next place are

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Speaker 3: going to go to Mars, and Elon's going to go there,

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Speaker 3: whether or not NASA writes him a check. So I

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Speaker 3: just think it's trying to buckle up and enjoy the ride.

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Speaker 2: He absolutely nailed it. I was sitting in our interactive

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Speaker 2: Broker studios and I was looking over at the ten

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Speaker 2: twelve screens that we've got there, and the single emotion

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Speaker 2: I had, It's not that it was out of Flash Gordon,

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Speaker 2: which was before my time. But the rocketry was so foreign.

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Speaker 2: I remember the big Soviet rockets of years ago, and they,

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Speaker 2: you know, they were bigger and more lumpier, if you will,

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Speaker 2: less less fragile than sat and five rockets. And this

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Speaker 2: was quantum les larger than the Soviet boosters of the

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Speaker 2: sixties and the seventies, and it did look out of

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Speaker 2: a science fiction movie from the nineteen fifties. We need

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Speaker 2: to thank Edward Ludlow ed Ludlow in San Francisco with

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Speaker 2: Bloomberg Technology for some real important analysis there, along with

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Speaker 2: Keith Cowing. Thank you so much for your initial interest

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Speaker 2: here in this six minute effort. Can't say enough about it.

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Speaker 2: We say thank you to you worldwide on Apple car Play.

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Speaker 2: It's safer, it's better, it's a great way to listen

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Speaker 2: to the show. And we are humbled by what we're

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Speaker 2: seeing with YouTube worldwide. You go to YouTube, you search

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Speaker 2: Bloomberg Podcasts, and thank all of you across America for

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Speaker 2: your attention.