1 00:00:00,080 --> 00:00:15,160 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:13,280 --> 00:00:16,520 Speaker 2: Single best idea and the single best idea. I can't 3 00:00:16,520 --> 00:00:20,800 Speaker 2: believe I'm saying this over twenty years ago, was to 4 00:00:21,239 --> 00:00:25,840 Speaker 2: have an informed conversation. And there were battles then and 5 00:00:25,920 --> 00:00:29,560 Speaker 2: along the way and even still now about the duration 6 00:00:29,920 --> 00:00:33,479 Speaker 2: of the conversation and the need to lift up and 7 00:00:33,520 --> 00:00:36,040 Speaker 2: particularly for all of you listening each and every day, 8 00:00:36,080 --> 00:00:38,880 Speaker 2: and we're humbled by what in the industry is called 9 00:00:38,880 --> 00:00:43,000 Speaker 2: time spent listening time spent watching, which is how long long, 10 00:00:43,120 --> 00:00:46,200 Speaker 2: the length of how long people watch. And we're humbled 11 00:00:46,240 --> 00:00:49,320 Speaker 2: by that each day our special events. We had a 12 00:00:49,360 --> 00:00:53,280 Speaker 2: special event today in studio from London. Tina Fordham joined 13 00:00:53,360 --> 00:00:58,120 Speaker 2: us with their colleague Abrambari at Fordham Global Foresight. They 14 00:00:58,160 --> 00:01:02,520 Speaker 2: are the foundation of what City Group built in research 15 00:01:02,680 --> 00:01:04,480 Speaker 2: and it's a long history. I'm not going to bore 16 00:01:04,520 --> 00:01:08,600 Speaker 2: you with it. But the recent liftoff of City Group 17 00:01:08,640 --> 00:01:12,880 Speaker 2: expertise was David Balin in the equity space and over 18 00:01:12,959 --> 00:01:17,200 Speaker 2: into fixed income, and Willem Bouder, the giant from the 19 00:01:17,240 --> 00:01:22,120 Speaker 2: Netherlands in economics, and then Katherine Mann. Catherine Mann came 20 00:01:22,160 --> 00:01:24,800 Speaker 2: out of my record I can't remember right now, but 21 00:01:24,840 --> 00:01:28,520 Speaker 2: I want to say over to brandeis outside Boston and 22 00:01:28,560 --> 00:01:33,760 Speaker 2: then expertise, foundational expertise in the relationship of China with 23 00:01:33,880 --> 00:01:37,920 Speaker 2: the United States, and wrapped around them was Ibraham Obarian 24 00:01:38,000 --> 00:01:43,160 Speaker 2: Foreign Exchange in Tina Fordam in international relations. Here Tina 25 00:01:43,280 --> 00:01:45,240 Speaker 2: Fordam her latest on Ukraine. 26 00:01:45,600 --> 00:01:49,640 Speaker 3: Ukraine joining native I don't think has been a realistic goal. 27 00:01:49,720 --> 00:01:53,559 Speaker 3: But Ukraine with having a European perspective, as the EU 28 00:01:53,720 --> 00:01:57,960 Speaker 3: likes to say, is a realistic goal, and that is 29 00:01:58,080 --> 00:02:01,600 Speaker 3: an anchor for the European Union. I think, you know, 30 00:02:01,680 --> 00:02:04,680 Speaker 3: the military strategists like to quote the old saying that 31 00:02:04,960 --> 00:02:08,440 Speaker 3: no plan survives first contact with the enemy. When Vice 32 00:02:08,480 --> 00:02:12,600 Speaker 3: President Advance gets to Munich, he'll get an earfull and 33 00:02:12,840 --> 00:02:18,560 Speaker 3: be confronted with the European reality because Russia's on our doorstep. 34 00:02:19,120 --> 00:02:22,280 Speaker 3: We've got several Natal member states that are very concerned. 35 00:02:22,480 --> 00:02:26,840 Speaker 3: This isn't just about creating a demilitarized zone in the 36 00:02:26,919 --> 00:02:31,000 Speaker 3: occupied territories. If it were that simple land for peace, 37 00:02:31,960 --> 00:02:33,440 Speaker 3: it would already have been done. 38 00:02:33,720 --> 00:02:37,720 Speaker 2: China Fordham now her colleague imbrah Mbari here on our 39 00:02:37,800 --> 00:02:39,239 Speaker 2: debt and our deficit. 40 00:02:39,440 --> 00:02:42,359 Speaker 4: I think people have been missing how focused they are 41 00:02:42,520 --> 00:02:44,880 Speaker 4: on to some degree managing what they see as a 42 00:02:44,960 --> 00:02:47,480 Speaker 4: vulnerability in terms of the level of debt and deficit 43 00:02:47,880 --> 00:02:50,280 Speaker 4: and how much power they have. I mean, the standard 44 00:02:50,320 --> 00:02:53,320 Speaker 4: answer you get from anybody on US fiscal is well, 45 00:02:53,600 --> 00:02:56,079 Speaker 4: the executive can't really do very much. Is congresses job. 46 00:02:56,120 --> 00:02:59,320 Speaker 4: Congress is so dysfunctional and divided. We are seeing them 47 00:02:59,520 --> 00:03:01,959 Speaker 4: taking out They're trying to cut spending. They have a 48 00:03:02,000 --> 00:03:05,360 Speaker 4: lot more power over Congress than previous administrations have had. 49 00:03:05,560 --> 00:03:08,040 Speaker 4: So there's I think interesting fiscal action going on right now, 50 00:03:08,040 --> 00:03:10,480 Speaker 4: which is different from what people expect. There's the bigger 51 00:03:10,560 --> 00:03:12,360 Speaker 4: question that a lot more people ask about, which is, 52 00:03:12,360 --> 00:03:14,359 Speaker 4: you know, when are we entering the period of physical 53 00:03:14,440 --> 00:03:17,359 Speaker 4: crisis in the US. And there, I think massive topic 54 00:03:17,400 --> 00:03:20,120 Speaker 4: to watch. But that timing, you know, if anything is 55 00:03:20,160 --> 00:03:22,560 Speaker 4: actually slightly pushed back relative to what we thought a 56 00:03:22,560 --> 00:03:25,360 Speaker 4: couple of months ago, than you know, what people were expecting. 57 00:03:25,600 --> 00:03:31,359 Speaker 2: Ibrambari and Tina Fordham A Forulnerablobal Foresight. What an eventful 58 00:03:31,400 --> 00:03:35,160 Speaker 2: February it has begun. Of course, the Chairman's testimony and 59 00:03:35,200 --> 00:03:39,680 Speaker 2: the CPI today and the PPI tomorrow, retail sales on Friday, 60 00:03:39,720 --> 00:03:42,360 Speaker 2: all of a sudden becomes very important. I'm not going 61 00:03:42,400 --> 00:03:46,480 Speaker 2: to take the sharpness of single best idea to pontificate 62 00:03:46,600 --> 00:03:49,600 Speaker 2: on that, but it's a nominal number. That means it's 63 00:03:49,600 --> 00:03:53,880 Speaker 2: a top line number. It's all in, including inflation. It'll 64 00:03:53,920 --> 00:03:56,560 Speaker 2: be really interesting to see the linkage there retail sales 65 00:03:57,120 --> 00:04:01,440 Speaker 2: dynamics over to what we see within the CPI on 66 00:04:01,520 --> 00:04:04,720 Speaker 2: your commune across the nation. Thank you on Serious XM, 67 00:04:04,760 --> 00:04:08,080 Speaker 2: Apple car Play Android Auto. Good morning to a snowbound 68 00:04:08,760 --> 00:04:12,520 Speaker 2: ninety nine one FM. Nathan Hager's batteries wore out in 69 00:04:12,520 --> 00:04:14,320 Speaker 2: a snowblower. It was so deep by that I think 70 00:04:14,320 --> 00:04:17,040 Speaker 2: I got the three inches of snow, so it just outrageous. 71 00:04:17,440 --> 00:04:19,560 Speaker 2: Good Morning in New York, Bloomberg eleven three to zero 72 00:04:19,640 --> 00:04:22,919 Speaker 2: in Boston ninety two nine FM. On this day of 73 00:04:23,040 --> 00:04:28,160 Speaker 2: pitchers and catchers on YouTube and of course at YouTube podcasts, 74 00:04:28,520 --> 00:04:30,360 Speaker 2: it's single best