Bloomberg Audio Studios, podcasts, radio news, a single best idea, like how about a one hour single best idea? Barry King Green in today his new book, My Book of the Summer of much more on it in the coming weeks, but it's absolutely spectacular, two hundred and forty pages from our definitive international economists, bouncing off Ken Rogoff last year, Ken Green of Berkeley, Money and Borders. It's just a fabulous new effort and that will be my book of
the summer. My interview of the day with that question Alicia Levine, b and why is the equity markets reacted off of one hundred and nine dollars of Brent crude? As we tape, she's with b and why, Alisha Levine.
We had Ukraine just four short years ago, we had COVID. Not geopolitical, but quite a shock to the markets. You know. The lesson is, you know, these things get priced out. But I am shocked that we're not down at least ten percent. And I think coming into the year, we thought we could have a year like that anyway, much more volatility. We were telling clients, much more volatile year. You come in with the twenty two times forward earnings.
Even if you have earnings up at fifteen percent, like you still have some volve built in.
Alicia Levin there, I want to go through the math here of what she and I were talking about. She is prodigious quantitative skills. Really no one else like her within the strategy game. There's a thing called stochastic, which is fancy math talk for point B. And the fact is hydrocarbons go up and panic and they turn right around and come back down, so you got a pointy top.
And she and I talked about that, like the certitude. Okay, there's a war, no big deal, ninety dollars a barrel one ten, you know, all the gloom stories out there where we're going, and then it lit'tle reverse and this really good conversation about that. And every commodity has its own character, if you will expert on this is Will Kennedy with Stuart Wallace and Justin carro Agan literally building
the worldwide Bloomberg News combine and commodities. So good now he's driving all of our news for ema huge, huge position at Bloomberg, one of our most challenging jobs. We were so fortunate to get Will Kennedy on at one hundred and nine dollars a barrel.
It just shows I think that the market has been a little bit complacent about the impact of the war and when they see the headlines today about Israel in the US hitting this gats field. Now, this gas field will not have a huge impact on international markets. It's gas that is used at home in Yvonne. But what it does mean is I think EVON will take it as a signal that the energy system, the global energy system,
is fair game. So there's a lot of wary now that that means that they will intensify attacks against oil refinemies, against oil fields, against export turns, and indeed to concentrate on the straight off all moves, and it will just mean that the pain that's going through the energy system will increase.
Well, Canada driving all of news for Emma at Bloomberg News just really can't say enough about all of our midies term Thank you so much too. Dan Williams and Ethan Browner in Tel Aviv, Jumana Verssecchi driving Horizons out of Dubai, keeping the coverage going each in every day and podcasts run Apple, We're on Spotify and YouTube podcasts it's single best idea.