Bloomberg Audio Studios, podcasts, radio news.
The single best idea really interesting Monday, we had a huge equity focus here, of course, with the stock market future is doing so well today, a little bit of fixed income. Thank you Jim Caron for coming in. We'll get to him in a moment. Lori Kelvisena in with RBC Capital Markets and she went up the income statement. I can't say how deficient I see out there. The earnings focus. People toss around fancy words like Brockton, who produces for us. He's got a license plate that says
EBITDA on it, just to impress the financial babes. Anyways, the idea is you go up the income statement. At the top of the income statement is revenue analysis divided into price and units. Lori Kelvisena, RBC Capital Markets.
You know, I can't say on that company specifically, but when I do sort of my modeling Tom and in my earnings model, the revenue line is very much a quant driven model. So we have kind of five different components, and with revenues, the two most impactful macro variables are GDP and CPI, and so we're looking at real GDP and then CPI. We break them out separately, and both of those if you take the assumptions up, it's going to goose your revenue number.
Laurie kelvicin, I can't say over the weekend what it was exactly, but Atlanta GDP now looking at Q three ending September thirtieth tomorrow inflation in GDP, the GDP number is just breathtakets three point x percent, nowhere near slow down. All of that may be cap X and AI and all that, but nevertheless it's a buoyant a third quarter to begin the earnings season. Jim Keren with us with Morgan Stanley as well Jim Caron on the oddities of banks within the.
Fixed SAT of space. We've been looking primarily at the high yield space and also bank loans. So bank loans are it's almost like floating rate high yield, and in some ways it's a shorter term reset. On that, what I would say is that despite the fact that we think rates are coming down, we think that short term high yield credit bank loans in particular actually have more room to appreciate in price value over time as default risks stay relatively low. A lot of people like high yield.
We do too, but we also like the bank loan debt, and we also like to barbel that by owning some short term, high quality government bonds.
Here's the reality, folks. Jim Karen read all twelve hundred pages of Fabosi. I skimmed each chapter. Jim Karen with Morgan Stanley. We're on podcasts nationwide. Look for Apple podcasts, Spotify and on YouTube podcasts. It's single best idea.
Also wants alot in under mus