Bloomberg Audio Studios, podcasts, radio news. Single best idea to get you into a Memorial Day weekend, I will be honest, you slide it on a Friday. Many people are off today. We're very fortunate we were fully staffed because the world fell apart in the vicinity of four am and then seven am. President Trump put out two extraordinary sets of tweets on Apple computer manufacturing in India, and then, of
course in the European Union. All of us senate around David Weston's important conversation with a Secretary of Treasury twelve moonish today. We were so fortunate we made her luck Berry Eike Green of Berkeley scheduled in his very early West Coast morning. He is the giant of international economist Ken Rogoff mentions him in his new book, My Book of the Summer. Here is Barry Chingreen on the fragile dollar.
I think the dollar has been tarnished significantly since Liberation Day. It's safe haven status is eroding more quickly than before. I've long thought that the dollar would have to share the international stage with other currencies. I didn't think that would that process would accelerate so grammatically this year I think that the markets have responded to the ninety day pause in the UK deal by thinking that the period of elevated uncertainty is over. And exactly as you said before,
uncertainty and the spike in the Vicks continue. We haven't really seen that spill over into distress in financial markets, but I think that distress could be coming. I think what's happening in the cryptosphere could spill over into mainstream financial markets. There's a lot to worry about that hasn't materialized.
From the University of California at Berkeley, iconic very iik Ingreen. I will try this weekend to get out a select set of his books. Exorbitant Privilege was a wonderful short treatise on the US dollar, and of course his classic book from decades ago, Golden Fetters, defined the twentieth century of gold, defining the equity market. What a joy this
morning to speak to Emily Rowland of John Hancock. She really pushed against a lot of the fears, maybe the sum of all our fears, if you will, and optimistic Emily Rowland of John Hancock.
Investors are really trading on feelings and not facts. This is a sentiment driven market, whether it's sell everything US, whether that's stocks, bonds, dollars. But when you look underneath the hood at the facts earnings growth most importantly to US and the US We just saw Q one earnings come in at fourteen percent. Nine percent is what analysts are penciling in for the year. You look over at Europe. Earning's growth this quarter was negative eight percent, and analysts
are revising down earnings estimates to around three percent. In Europe, you look at the front, the macro backdrop, and the United States growth is holding in the city economic surprise index is actually perking up. The hard data is coming in positive. We're seeing the opposite happen in Europe as their data is coming in weaker. Growth is struggling overseas. Yet you've seen this massive capital rotation out of the
US into Europe. We would fade it and use those proceeds to invest in the United States.
Emily Roland with a different view there from so many of hers. She's the strategy at John Hancock really has been right the last twenty four to thirty six months about the ability to buy quality and large cap growth in America. She stays with that theme today right now in your commute across the nation. Apple Android coming on strong. Thank you for that one thing I learned this week. Shout out to PIMCO for a wonderful event earlier this week, and I learned there Serious XM Channel one one. It's
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