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

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Speaker 2: The single best idea after an extraordinary week, there's no

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Speaker 2: the oddest week in UMPTEAM decades of doing this, to

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Speaker 2: have Jobs Day on Wednesday, inflation report on Friday, and

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Speaker 2: Michael McKee saying we don't even have the PPI report

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Speaker 2: yet business inflation. I mean, folks, this is original territory

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Speaker 2: to use the cliche. And all we're going to do

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Speaker 2: is try to give you the best conversations that we can.

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Speaker 2: Thank you to the huge response that we got, both

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Speaker 2: pro and con of our conversation with Peter Navarro the

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Speaker 2: Trump administration. I note that the Ft and Bloomberg's Jenny

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Speaker 2: Leonard had out within twelve hours of our conversation with

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Speaker 2: doctor Navarro. The idea that metal tariffs make come down,

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Speaker 2: we will have to see on that. Today it was

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Speaker 2: on inflation. Jim Karen with us was Morgan Stanley. They're

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Speaker 2: expert on bonds and on blending bonds into your portfolio.

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Speaker 2: Jim Karen looking at the equity markets.

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Speaker 1: There's a lot of volatility that's happening.

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Speaker 3: Right.

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Speaker 1: We understand what's happening in the equity markets, but then

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Speaker 1: when we look at the publicly traded fixed income markets.

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Speaker 1: As you're pointing out, the risk isn't necessarily being evenly

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Speaker 1: distributed across all markets. And Tom, that's good news, okay,

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Speaker 1: because whenever we go into these types of market events

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Speaker 1: where there's a big repricing in a certain sector, in

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Speaker 1: this case in software, the number one question is always

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Speaker 1: about contagent. Is their contagent into other markets? And we're

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Speaker 1: seeing fire breaks between the public markets and the private markets,

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Speaker 1: and certainly equities are taking the brunt of this in

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Speaker 1: some way.

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Speaker 2: Jim Karen, Morgan Stanley and of course much much more

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Speaker 2: to come linking in our economics into fixed income. Aner

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Speaker 2: rag Rana took a few moments with us from Chicago

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Speaker 2: where he is expert and the cloud in this tech

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Speaker 2: tobacco that we're seeing. Aner rag Rana bringing Microsoft and

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Speaker 2: the players over to enterprise. Let's listen.

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Speaker 3: We think the companies that are core critical systems of

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Speaker 3: records and that sell into larger enterprises are a lot

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Speaker 3: less prone to this disruption that somebody that's selling a

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Speaker 3: very low and software to smaller businesses. The reason we

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Speaker 3: think that is because these systems are record stuff that's

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Speaker 3: sold by the likes of a SAP workday service now

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Speaker 3: Salesforce dot com is because those are critical to the

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Speaker 3: running of an organization, and frankly speaking, we don't see

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Speaker 3: these large companies just getting rid of them, you know,

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Speaker 3: just to save a little bit of money.

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Speaker 2: Enterg Rana, I'm sure that mister Rana and men Deep

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Speaker 2: Singh will be key to our continuing coverage on technology.

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Speaker 2: Look also to Caroline Hyde and Ed Ludlow for the

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Speaker 2: Day Today grind in Technology, Bloomberg technology across all of

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Speaker 2: our Bloomberg platforms. On podcasts, it's great technology. We're on Apple,

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Speaker 2: We're on Spotify. On YouTube podcasts, it's single best idea