Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Single best idea. After traveling in Washington and Toronto and
Speaker 2: back in the saddle today with all the confusion that's
Speaker 2: going on, we demanded clarity with a wide set of conversations.
Speaker 2: I want to mention Paul Sanki came in. It was
Speaker 2: absolutely brilliant on hydrocarbons. I can't emphasize his concern of
Speaker 2: the next sixty days globally in oil and all the
Speaker 2: derivatives of oil that come down the food chain. We
Speaker 2: spent time on ethane into ethylene. I don't understand it,
Speaker 2: but guess what he understands it and says it's a
Speaker 2: tenuous time. Anamong of Bloomberg economics getting ready for the
Speaker 2: FED meeting next week. Yes, the worst testimony, but far more.
Speaker 2: The narrowness of America can prosperity.
Speaker 3: On the narrowness of the top ten percent. So they own.
Speaker 3: The top ten percent own about eighty five to ninety
Speaker 3: percent of all US equities. And then when you look
Speaker 3: at the US equities, so much of it as is
Speaker 3: driven by the Magnificent seven and right now the AI boom.
Speaker 3: So I think you're right, Tom that the top ten
Speaker 3: I think a lot of this wealth in the US
Speaker 3: has been directed to the AI boom.
Speaker 2: Right now, Charlie rose In with Invesco running their commercial
Speaker 2: real estate credit division said sixty percent of the growth
Speaker 2: in real estate credit New York and San Francisco six
Speaker 2: zero sixty percent and their analog of Bloomberg Economics on
Speaker 2: the narrowness of this American economic experiment. Mark Champion definitive
Speaker 2: at the Wall Street Journal for decades now with Bloomberg opinion,
Speaker 2: his work is just exquisite on the war and Europe.
Speaker 2: Mark Champion on the five flavors of Iranian leadership.
Speaker 1: Well, it's really five. So there's three official players in
Speaker 1: in the leadership Council, and that's the president, which is
Speaker 1: you know, a position. He's what you would call a
Speaker 1: regime moderate, uh. And then you have Mohammed Carlibuff and
Speaker 1: he's the former he's a former sorry that's my phone
Speaker 1: going off. He's a former mayor of of Tehran and
Speaker 1: also former i r g C head. But he's also
Speaker 1: considered a regime pragmatist. And then you have you know,
Speaker 1: the head of the judicial judiciary who really doesn't focus
Speaker 1: on these kinds of things. He's important for you know, domestics, uh, security,
Speaker 1: et cetera. But then you have two other figures who
Speaker 1: are not named, and they are the you know, the
Speaker 1: two I r GC heads and they really they called
Speaker 1: the shots ultimately, and that became clear in the first
Speaker 1: round of talks when they called the negotiating team back
Speaker 1: for exceeding their mandate.
Speaker 2: Mark Champion with needed clarity there on what America faces,
Speaker 2: the president faces in the Eastern Mediterranean and with Iran
Speaker 2: as well. On our podcast We're at Apple, where at
Speaker 2: Spotify and YouTube podcasts, it's single best idea