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

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Speaker 2: Single best idea. It is not a slow Friday. There's

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Speaker 2: no other way to put it. We're supposed to slide

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Speaker 2: into the late August and get through and be sure

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Speaker 2: the kids get the summer reading done and launch off

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Speaker 2: of Labor Day into whatever not. This August it is exceptional.

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Speaker 2: Thank you to Anne Marie Horden for coverage. In the

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Speaker 2: very early morning of Anchorage, Alaska, we saw the President

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Speaker 2: leave Washington on Air Force one, a report of mister

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Speaker 2: Putin in Siberia over by very eastern Russia and Magadan.

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Speaker 2: I hope I'm pronouncing that correctly. We tried to stay

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Speaker 2: to economics, finance, investment as well. Peter Sheer looking at

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Speaker 2: the great separation between study of the labor economy and

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Speaker 2: study of interest rates, sure of academy securities.

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Speaker 3: Part of the reason I'm slightly nervous, more maybe nervous

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Speaker 3: than most guests about the economy is I'm worried about

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Speaker 3: the job situation. I'm particularly worried about, you know, the

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Speaker 3: recent college graduate situation. Right, the unemployment rate seems to

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Speaker 3: be fairly high. They're not getting jobs. I look at

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Speaker 3: law school applications they're skyrocketing. That to me is another

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Speaker 3: sign that jobs are very tough, especially for the college graduates.

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Speaker 3: And those are the people I think who currently are

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Speaker 3: being displaced by AI.

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Speaker 1: Right.

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Speaker 3: That's people are comfortable kind of giving those sorts of

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Speaker 3: assignments to AI, and you know, they're not going to

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Speaker 3: let big decisions being made, but they're letting some of

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Speaker 3: that work be done. And I'm not sure what that

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Speaker 3: does for that job market opportunity. I'm not sure what

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Speaker 3: that does for a future where those people supposed to

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Speaker 3: get those jobs that lead them into management and things

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Speaker 3: like that over time. So some of this I think

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Speaker 3: we're getting close probably you know, six months a year away.

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Speaker 3: There's going to be a little bit of pushback on

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Speaker 3: AI the deployment, and you know, you keep looking at

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Speaker 3: the cost of electricity rising, that's going to be an issue.

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Speaker 2: Peter Shure. They're on artificial intelligence, the overlay of technology

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Speaker 2: on this economy, and of course that will be a

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Speaker 2: theme of Jackson Hole here in a matter of days.

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Speaker 2: A major thank you to Ed Ludlow of Bloomberg Technology

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Speaker 2: for joining us on very short notice on Google Chrome,

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Speaker 2: on perplexity, on Sam Altman just it's an area I'm

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Speaker 2: not up to speed on and to get ed. Ludlow's

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Speaker 2: expertise is valuable with the Bank of Montreal BEMO Capital Markets.

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Speaker 2: Jennifer Lee here on the economy.

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Speaker 1: Forward, I was very torn.

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Speaker 4: I was like, do I want a strong number to signify,

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Speaker 4: you know, that the US economy remains resilient, or do

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Speaker 4: I want a weak number because it shows that that

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Speaker 4: that is going to have to start cutting rates starting

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Speaker 4: next month and by how much it's always torn. But

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Speaker 4: you know, I'm kind of lying. I kind of lean toward,

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Speaker 4: you know, I want a stronger economy, more resilient economy,

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Speaker 4: And the retail sales numbers approved that it wasn't wall

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Speaker 4: to wall strength. We saw some pullback and play things

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Speaker 4: like eating out, dining out, for example, which is something

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Speaker 4: I like to keep an eye on all the time.

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Speaker 4: But there's more spending on things like sporting goods and

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Speaker 4: on clothing and things like that. So cannot right off

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Speaker 4: the US can seer jest yet you know it's we

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Speaker 4: should almost never write right off the US consumer. But

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Speaker 4: it shows that the US economy is still holding up there.

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Speaker 4: The backward revisions, by the way, show that there's a

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Speaker 4: lot more momentum coming in into the second half. But

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Speaker 4: what happens at this point on with signs of higher

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Speaker 4: inflation bubbling, You know, this is where everything hits the fan.

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Speaker 2: Jennifer Lee be most capital market, It's a most eventful week.

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Speaker 2: Will stagger into next week, of course, continuing to look

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Speaker 2: at the technology overlay on economics, finance, investment, and international

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Speaker 2: relations on your podcast on Apple, on Spotify, at YouTube podcasts.

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Speaker 2: It's single best idea