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Single best Idea on a September eleventh, Thank to our team with three four major news stories here across Drive Time America. Thank you for the comments on Apple CarPlay, Android Auto on all of our stations in the corridor, the East Coast, Washington ninety ninety one FM and our flagship station Bloomberg eleven three to zero AM in New
York City. On this day, just stunning to see the leadership of the nation in this presidential election lined up at the Memorial in New York City, to see Vice President Harrison, former President Trump shake hands, and to see those in attendants, including former Mayor Michael Bloomberg, you know, sponsoring all that I do, and also to see former Mayor Giuliani. There was memorable as well. On the economic front,
there was an inflation item. Liz Young had a wonderful tweet out that eighty seven percent of the rise in inflation had to do a shelter. I was stunned by that number. Thing. Liz, got to get you back on here soon. That's just just stunning. Here's Constance Hunter of EIU talking about our service sector inflation.
What I think is so interesting if we look around the world, the stickiness of services inflation is global, and so what is that about? That is about the bounce back from the pandemic, and so therefore, you know, we think about what is that that stickiness is because people didn't participate in goods and service in services activities and now they're bringing that forward, whether we're talking about travel out, concerts, medical services, and so we see this everywhere from from
Chile to Europe to the US. It's a global phenomenon and that is that is the long tail of the pandemic still working its way through the inflation statistic.
Conscience Hunter too short a conversation today with the Newslow, but we thank her for her attendance. The format era at Bloomberg of Matt Winkler, the founder of Bloomberg News, and codified again by John michaels Waite, our editor in chief is we don't give opinions, So I'm going to
tread lightly here off of the debate last night. And you know, my opinion on Harris Trump Trump Harris doesn't matter, but I do want to say that the discussion alluded to and directly by both parties a terriff economics I can't find in a textbook bonus round. We have experience with the tariffs in the nineteenth century and certainly within what's called blockism, bloc blockism of the nineteen twenties and
into the dreadful nineteen thirties. Nobody knows this politically, Like the professor from Brown University, Wendy Schiller, on a debate and tariffs, it's really.
Important to bring back Smooth Hauley as an example of what not to do to exacerbate any kind of economic condition, because what really sent us into a depression was that bill and that you know, it is always much more expensive for the American consumer for tariffs, you know, eighteen nineties, nineteen thirties, you know, and it cost us billions of dollars when Trump had these tariffs in place, in subsidies to farmers to pay them for lost product sales in China.
So you know, it is a dangerous tool I believe to use sort of as a political or diplomatic weapon against a country because it backfires on the United States. And tell Myras was okay on that, but you know, a little bit not much wiggle room since Biden has kept these tariffs in place for the most part.
One day, Shiller on a bipartisan effort to raise t tarriffs on Apple podcasts. It is single best I do