Speaker 1: Bloomberg Audio Studios, Podcasts, radio news.
Speaker 2: Single best Idea on a September eleventh, Thank to our
Speaker 2: team with three four major news stories here across Drive
Speaker 2: Time America. Thank you for the comments on Apple CarPlay,
Speaker 2: Android Auto on all of our stations in the corridor,
Speaker 2: the East Coast, Washington ninety ninety one FM and our
Speaker 2: flagship station Bloomberg eleven three to zero AM in New
Speaker 2: York City. On this day, just stunning to see the
Speaker 2: leadership of the nation in this presidential election lined up
Speaker 2: at the Memorial in New York City, to see Vice
Speaker 2: President Harrison, former President Trump shake hands, and to see
Speaker 2: those in attendants, including former Mayor Michael Bloomberg, you know,
Speaker 2: sponsoring all that I do, and also to see former
Speaker 2: Mayor Giuliani. There was memorable as well. On the economic front,
Speaker 2: there was an inflation item. Liz Young had a wonderful
Speaker 2: tweet out that eighty seven percent of the rise in
Speaker 2: inflation had to do a shelter. I was stunned by
Speaker 2: that number. Thing. Liz, got to get you back on
Speaker 2: here soon. That's just just stunning. Here's Constance Hunter of
Speaker 2: EIU talking about our service sector inflation.
Speaker 1: What I think is so interesting if we look around
Speaker 1: the world, the stickiness of services inflation is global, and
Speaker 1: so what is that about? That is about the bounce
Speaker 1: back from the pandemic, and so therefore, you know, we
Speaker 1: think about what is that that stickiness is because people
Speaker 1: didn't participate in goods and service in services activities and
Speaker 1: now they're bringing that forward, whether we're talking about travel out, concerts,
Speaker 1: medical services, and so we see this everywhere from from
Speaker 1: Chile to Europe to the US. It's a global phenomenon
Speaker 1: and that is that is the long tail of the
Speaker 1: pandemic still working its way through the inflation statistic.
Speaker 2: Conscience Hunter too short a conversation today with the Newslow,
Speaker 2: but we thank her for her attendance. The format era
Speaker 2: at Bloomberg of Matt Winkler, the founder of Bloomberg News,
Speaker 2: and codified again by John michaels Waite, our editor in
Speaker 2: chief is we don't give opinions, So I'm going to
Speaker 2: tread lightly here off of the debate last night. And
Speaker 2: you know, my opinion on Harris Trump Trump Harris doesn't matter,
Speaker 2: but I do want to say that the discussion alluded
Speaker 2: to and directly by both parties a terriff economics I
Speaker 2: can't find in a textbook bonus round. We have experience
Speaker 2: with the tariffs in the nineteenth century and certainly within
Speaker 2: what's called blockism, bloc blockism of the nineteen twenties and
Speaker 2: into the dreadful nineteen thirties. Nobody knows this politically, Like
Speaker 2: the professor from Brown University, Wendy Schiller, on a debate
Speaker 2: and tariffs, it's really.
Speaker 3: Important to bring back Smooth Hauley as an example of
Speaker 3: what not to do to exacerbate any kind of economic condition,
Speaker 3: because what really sent us into a depression was that
Speaker 3: bill and that you know, it is always much more
Speaker 3: expensive for the American consumer for tariffs, you know, eighteen nineties,
Speaker 3: nineteen thirties, you know, and it cost us billions of
Speaker 3: dollars when Trump had these tariffs in place, in subsidies
Speaker 3: to farmers to pay them for lost product sales in China.
Speaker 3: So you know, it is a dangerous tool I believe
Speaker 3: to use sort of as a political or diplomatic weapon
Speaker 3: against a country because it backfires on the United States.
Speaker 3: And tell Myras was okay on that, but you know,
Speaker 3: a little bit not much wiggle room since Biden has
Speaker 3: kept these tariffs in place for the most part.
Speaker 2: One day, Shiller on a bipartisan effort to raise t
Speaker 2: tarriffs on Apple podcasts. It is single best I do