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

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Speaker 2: Single best Idea After three days out to Phoenix and back,

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Speaker 2: a major thank you to the CFA Society of Phoenix

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Speaker 2: packed room at the Omni here for a great panel.

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Speaker 2: Jeff Sherman from Double Line, Bob Elliott was there with

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Speaker 2: some real fire about gold and Cameron Ausin of New

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Speaker 2: Edge Health. It was just a fabulous and timely panel

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Speaker 2: given the war. I'll get to that in a minute.

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Speaker 2: With Wayne Sanders, John writing in today absolutely definitive on

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Speaker 2: monetary policy, his service to his United Kingdom. Yes, we

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Speaker 2: did some soccer talk in Tottenham and could Tottenham be

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Speaker 2: relegated down to the league below the Premiere League? And

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Speaker 2: of course also John writing with his service to America

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Speaker 2: and the Federal Reserve system. Here Ghin writing on the

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Speaker 2: case for higher rates.

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Speaker 3: I think there's a case for racing rates. If you

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Speaker 3: look at the ISM reports that we had on Monday

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Speaker 3: for manufacturing and yesterday for services, and you put them together,

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Speaker 3: you have a clear, very strong up trend. You have

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Speaker 3: an economy growing above potential. The administration itself says the

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Speaker 3: economy is doing well so and inflation's above the fetch

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Speaker 3: target and we still have the tariff feedthrough to fully

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Speaker 3: work through, and the oil price shop of an unknown magnitude.

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Speaker 3: I think there is no economic case, none whatsoever for

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Speaker 3: cutting rates.

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Speaker 2: One of our great voices, John writing, of course a

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Speaker 2: definitive at bear Stearns, and now it bring capital. We'll

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Speaker 2: have on much more in two thousand and twenty six.

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Speaker 2: One of the great joys of Bloomberg LP. The terminal

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Speaker 2: business is the acquisition of talent that we have. I

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Speaker 2: often mentioned in quantitative finance, the giant Bruno de Peer

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Speaker 2: holding court at Bloomberg. We do the same thing with

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Speaker 2: the military. Wayne Sanders, the former colonel, is absolutely definitive

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Speaker 2: out of West Point and information systems engineering. He's truly

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Speaker 2: encyclopedic on this shift in modern warfare. Here Wayne Sanders,

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Speaker 2: on an air battle versus boots on the ground.

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Speaker 1: There's actually case studies on both sides. You know, people

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Speaker 1: bring up you know, Libya versus Iraq in terms of

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Speaker 1: you know, limited success from there. I think really it

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Speaker 1: does come down to the Iranian people. It comes down

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Speaker 1: to the other instruments of national power, diplomatic, information, military

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Speaker 1: and economic and being able to put those pieces on there.

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Speaker 1: If the military piece can only be done through air power,

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Speaker 1: and you're not going to be put boots on the ground.

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Speaker 1: You really have to rely on those other mechanisms to

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Speaker 1: carry the weight.

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Speaker 2: Wayne Sanders, there of Bloomberg, will have a much more

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Speaker 2: on our national defense. He is with Bloomberg Intelligence. I'm

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Speaker 2: podcasts out there on Apple, on Spotify, on YouTube to

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Speaker 2: podcast its single best idea MHM.