Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: The single best idea and the single best idea this
Speaker 2: week came from Alexis Christopherus. What a great addition to
Speaker 2: the show. Lisa Mateo's gone off to the weekends Bloomberg
Speaker 2: this weekend with David Gerr and the team, and that
Speaker 2: saw Lisa yesterday. She's doing great. Look for that on
Speaker 2: the weekend, Saturday and Sunday, starting it I think seven
Speaker 2: am in the morning. Alexis Christophus nailed it this week.
Speaker 2: She said, it feels like two weeks and that's the
Speaker 2: way it's been and the only thing that's kept the
Speaker 2: four of us together, Michael Barr, Alexis, Paul Sweeney and
Speaker 2: myself is just an incredible team. I mean, it's just
Speaker 2: been overwhelming. And it's not just in New York. It's
Speaker 2: not just a Broadway and excuse me at Lexington and
Speaker 2: fifty ninth Street. It's worldwide. And the nexus of this
Speaker 2: is Ethan Broader in Tel Aviv and Dan Williams in
Speaker 2: Jerusalem with a summary into the weekend. A reporter Dan
Speaker 2: Williams in Jerusalem.
Speaker 1: Many Israelis who saw this war with Iran as effectively
Speaker 1: the crescendo, the cresting of the more than two and
Speaker 1: a half year war across the region, which began in
Speaker 1: Gaza on October seventh, twenty twenty three, with that surprise
Speaker 1: attack by Hamas, one of Iran's proxies in the region,
Speaker 1: and then spilled over into several fronts, into smaller rounds
Speaker 1: of direct engagement with Iran, and then into this almost
Speaker 1: six week war with Iran supported by the United States,
Speaker 1: waged in concert with the United States. Had hoped that
Speaker 1: this would bring something conclusive, perhaps even a fall of
Speaker 1: that regime. Of falling the regime or change in government
Speaker 1: is really the only way to guarantee a long term
Speaker 1: change in disposition of a country, of a people at
Speaker 1: peace elements and that sort of thing.
Speaker 2: Dan Williams more than anyone I know, he knows the
Speaker 2: northern border of Israel has up to the Levant River
Speaker 2: going from east to west into the Mediterranean, about twenty
Speaker 2: miles north of the border. Dan was just incisive on
Speaker 2: attention that we see into the weekend between Israel and
Speaker 2: has thanks to Margaret Brennan of CBS Facination for her
Speaker 2: comments there as well. She and her team have been
Speaker 2: just brilliant on this of course, that's on Bloomberg Radio
Speaker 2: Sunday afternoon at two pm for Washington, New York, and Boston.
Speaker 2: What's the arch debate out there right now between the
Speaker 2: guest amen, the rumors, the unknown, the uncertainty. There's a
Speaker 2: school of thought that this will not whiplash, but this
Speaker 2: will be cured, solve, tempered, and we will see price up,
Speaker 2: yield down. The economist Tiffany Wilding of PIMCO.
Speaker 3: We still think high quality bonds provide a lot of
Speaker 3: value safe store of account here. And the reason is
Speaker 3: because if this does turn into a more prolonged disruption,
Speaker 3: the ceasefire doesn't hold. You know, we really think global
Speaker 3: recessionary risks could increase there and the bond portfolio will
Speaker 3: We'll probably do better in that scenario. At the same time,
Speaker 3: if you do get a resolution, you get energy prices falling.
Speaker 3: You know, under our core forecast, with energy prices falling,
Speaker 3: you could see headline inflation moving below the Fed's two
Speaker 3: percent target later this year, early twenty twenty seven. Really,
Speaker 3: so that's the other thing that we have to keep
Speaker 3: in mind here, you know, that will allow the Fed,
Speaker 3: we think, to cut interest rates back towards neutral.
Speaker 2: Yeah, my team hates it. When I stopped the show
Speaker 2: when Tiffany Wilding said that folks yields back quote under
Speaker 2: three percent, under two percent, we stopped the show. That's
Speaker 2: a huge statement. I want to make clear what we
Speaker 2: try to do. We don't give our opinion, but what
Speaker 2: we're trying to do. Our single best idea is when
Speaker 2: somebody says something really outlier, we got to sit on
Speaker 2: it and talk about it. Continue that theme into next
Speaker 2: week and of course earnings next week as well. Tiffany
Speaker 2: Wilding there from PIMCO on podcasts, on Apple, on Spotify,
Speaker 2: on YouTube podcasts. It's single best idea.