Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Super Best Idea, I guess the words getting out. It's
Speaker 2: amazing and we're humbled by the number of our guests
Speaker 2: who come into our studios here at our world headquarters
Speaker 2: at Lexington Avenue and fifty ninth Street. It's not easy, folks.
Speaker 2: I mean, if you go out to Park Avenue at
Speaker 2: any given time of day, there's not one there's two
Speaker 2: tractor trailers sprawled across fifty ninth Street making the dash
Speaker 2: from New Jersey over to Long Island. I mean, it
Speaker 2: can really get ugly at traffic. And we really appreciate
Speaker 2: when they come in today from the Philippines. Andrew gon
Speaker 2: came in with the Philippine Sovereign Wealth Fund. That was
Speaker 2: really special, particularly with the new American commitment to the Philippines.
Speaker 2: Monamahaj and a little bit closer coming in from Saint
Speaker 2: Louis and Edward D. Jones. It was great to Mona
Speaker 2: in the studios and there he was in the seven
Speaker 2: o'clock hour. Ambassador has showed up. Richard hass changed the
Speaker 2: venerable console on foreign relations. He made them go digital
Speaker 2: when no one was thinking about digital. The Internet effort
Speaker 2: of the Console on Foreign Relations and Foreign Affairs and magazine.
Speaker 2: All of that comes from Richard Hass and his expertise. Today,
Speaker 2: Ambassador has on the myth of Iran and nuclear weapons.
Speaker 3: They don't know what they're talking about. A lot of
Speaker 3: the nuclear program is deeply underground and fortified locations. Assuming
Speaker 3: we know where it all is, you can't take out
Speaker 3: the intellectual dimensions of it. So I think what you
Speaker 3: would say is if Israel used military force, it could
Speaker 3: buy some time. It could set back the Iranian program
Speaker 3: months or even years. But what would happen is it
Speaker 3: would be reconstituted underground, probably places and locations far more
Speaker 3: difficult to take out.
Speaker 2: The great theme of Richard Hass and as many books
Speaker 2: and the new one, The Bill of Obligations, is really,
Speaker 2: really quite good about the dearth of civics, the decline
Speaker 2: of civics in America, is that our foreign policy starts
Speaker 2: with domestic strength. In this election season, Richard Haas on
Speaker 2: our domestic challenges.
Speaker 3: Well, partially, we need a new policy on us. We've
Speaker 3: got to stay strong and more united domestically so we
Speaker 3: can compete with China. We've got to keep our alliance
Speaker 3: a strong above all with Japan, and we've got to
Speaker 3: have more of a physical presence in that part of that.
Speaker 3: We'll never get China to give up its dreams on Taiwan.
Speaker 3: What we want to do is persuade jijiinpaying that to
Speaker 3: act on those dreams would be Foolhardy.
Speaker 2: Richard Haas for an extended conversation this morning, we got
Speaker 2: a huge response from someone on fire. He is a
Speaker 2: quiet guy. He's got a cello in his office. I mean,
Speaker 2: what's that about. Cam Harvey is esteem professor, professor at
Speaker 2: Fuqua at Duke, and he is fired up about a
Speaker 2: FED that is way way behind. Cam Harvey and the
Speaker 2: fiction of our shelter costs.
Speaker 1: If you just do the simple calculation of that four
Speaker 1: point nine percent and then multiply it by point thirty six,
Speaker 1: that delivers one point seven seven percent. So one point
Speaker 1: seven seven percent of the print today is purely due
Speaker 1: to that distorted a shelter number. So if you substitute
Speaker 1: anything in that's closer to reality, the inflation print is
Speaker 1: not two point four percent. It is one percent or
Speaker 1: potentially less than one percent. So we are we are
Speaker 1: below the fed's target. Yet they're debating well, should we
Speaker 1: due twenty five basis points come on this. Supposedly the
Speaker 1: FED is data driven. Well, the math that we just
Speaker 1: did was not a very challenging exercise.
Speaker 2: Oh live Chad on YouTube lit up like a candle.
Speaker 2: Thank you for the many responses. People love. Cam Harvey
Speaker 2: of Duke University can't say enough about that today. Is
Speaker 2: math is correct? Liz Anne Saunders out with a great
Speaker 2: chart on Twitter at Charles Schwab and there were sheltered
Speaker 2: way up high part of year over year, a month
Speaker 2: over month. You know what was the peak was motor
Speaker 2: vehicle insurance. We could do a whole show on that.
Speaker 2: I think right now, I guess it's I don't drive folks,
Speaker 2: you know, they drive me around, which is I'm very
Speaker 2: privileged to have that, But I her motor vehicle insurance
Speaker 2: is really really something we're on YouTube, And what a
Speaker 2: joy today to speak to the gentleman from Manila, Andrew Gunn,
Speaker 2: and to know the Pacific rim audience we're building on YouTube.
Speaker 2: We're just I'm frankly shocked by it. I just the
Speaker 2: reach of YouTube. I really don't understand. Subscribe to Bloomberg
Speaker 2: Podcasts out on YouTube. Speaking of YouTube, podcasts and Apple podcasts.
Speaker 2: This is single best I get