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

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Speaker 2: Single best idea the news slog continues. It's just absolutely extraordinary.

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Speaker 2: It's on a daily basis. It's exhausting. The way we

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Speaker 2: do this is an incredible team, starting with one tours

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Speaker 2: booking all the guests, saying that people know, I'm sorry

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Speaker 2: we have to cancel to other people where we can

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Speaker 2: book all sorts of quality voices, and you'll hear that

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Speaker 2: across the coming days of his war in the market

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Speaker 2: reaction that we see to it. What a joy today

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Speaker 2: to have Edward Yordnny with us to reaffirm his optimism

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Speaker 2: on the markets. But we did do a lot of

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Speaker 2: war coverage. Andreas Uderman is chairman of the board of

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Speaker 2: a toe Belle, hugely experienced within Continental Europe Dynamics. Andrea

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Speaker 2: Utdterman on the unknown unknowns.

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Speaker 3: I'm not smart enough to know the unknown unknowns, but

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Speaker 3: what i can tell you is I'm slightly less concerned

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Speaker 3: than I was, and I was concerned in two thousand

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Speaker 3: and seven, eight and nine, because ultimately the transmission mechanism

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Speaker 3: of this going wrong initially is going to be probably

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Speaker 3: consumers savers and not systemically into the banking system. Now,

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Speaker 3: as you say there might be unknown unknowns. I mean,

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Speaker 3: you know, one of our competitors in Switzerland had loans

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Speaker 3: on the balance sheet nobody knew about, and so that

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Speaker 3: was an unknown and who knows what banks have done

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Speaker 3: that nobody knows about. But right now there's no evidence

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Speaker 3: of that.

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Speaker 2: Too short a conversation with Andreas Uderin this morning that

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Speaker 2: was into the press conference. Thanks to our Washington team

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Speaker 2: for all their assistants and the Pentagon briefing of the

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Speaker 2: Secretary of Defense and the Chairman of the Joint Chiefs

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Speaker 2: of Staff. We got a briefing of huge quality from

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Speaker 2: the former Undersecretary of the Army. He has had public

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Speaker 2: service in the eighth Congressional District of Pennsylvania, Patrick Murphy.

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Speaker 4: Of hillco On the moment, great generals like General Colin

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Speaker 4: Powell is one of my role models who I get

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Speaker 4: to know. We followed after Vietnam what's called the Powell doctrine,

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Speaker 4: where you have a clear mission, you use overwhelming forced

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Speaker 4: accomplishment mission, and you have a clear extra strategy. There

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Speaker 4: is no extra strategy here. The mission is yep, let's

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Speaker 4: decimate the Iranian ballistic missiles, etc. I get it, but

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Speaker 4: you can't necessarily do that with just air power.

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Speaker 2: Patrick Murphy, with a Service to the Nation in Iraq

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Speaker 2: in the United States Army on podcasts on Apple, on Spotify,

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Speaker 2: on YouTube podcasts. It's single best idea