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Single best idea and the single best idea of today as we go through what we're all living over the last three four five weeks, ninety five days into the second presidency of Donald Trump, that it just gets more and more chaotic. Mike Allen out at Axios led today with the word chaos. I'm not going to editorialize chaos, but what I will say is conversation to conversation. It is the oddest time right now in any given show. We have five, six, seven, eight single best ideas we
could bring it. We keep it to two. We want this to be a shorter podcast for you versus a longer exercise, and today we got lucky. Sometimes you book a guest, you have no idea why you can. You just book them because they're in Washington at the IMF for that, and then something breaks that they're expert on. Daniel tan Obaum was with us with Oliver Wyman. He is expert on sanctions. He is expert on goods services
and cash flows to Russia. The President came out and I paraphrase a long tweet he said, Vladimir Kamma all caps stop exclamation point Daniel Tanebaum of Oliver Wyman on a tweet.
You know, it's wonderful week. The President was pissed at Putin a few weeks ago. I think we saw that on one of the Sunday morning shows. But he needs to actually take action against Russia. There have been two major moves that the US has made on Russia since Trump has taken office again. One was by quietly extending biden Erra Russia sanctions a week and a half ago with little fanfare. The other was actually by not doing something and letting an energy waiver expire to ban the
trading or financing of Russian energy. But the President needs to be more active on actually using the considerable power that the US government has to put more pressure on Russian and those supporting it.
Daniel ten Ofem of Oliver Wyman. A lot of other good conversations, of course, a lot of his senator on claims today. They came in on target. They certainly did not go to a worser number, a higher statistic. I believe they came in at two hundred and twenty two thousand. I modeled a standard deviation study, and you know two hundred and forty thousand is some inks, but two hundred
and sixty thousand is where the challenges click in. We're not there yet, still good claims numbers, and along joined us from Bloomberg Economics, she said, such an impact on American economics in the last twelve months, and owaha on the pass forward for the American labor economy.
Four point eight percent unemployment rate, though historically a cold statustion looking at it, will still be thinking, well, it's
not that high compare to historical average. However, you're right, Thomas, the emotions and I think people of course would be pulling back on spending, particularly after they have stalked up running the tariffs in the first quarter this year, and so this will be a very harsh Christmas and Halloween season, particularly because there will be a lot of empty spaces on the shelves too.
An amazing statement there from doctor one looking forward to some of the worries that are out there. Of course, our Washington team reporting that big box retail executives has tried to sit down with the President and explain to him full to empty shelves. On your commute across the nation, particularly good morning to Canada. We say good morning to you on your commute as well. We had a great, great half hour in Canada with Jean Beavane of Blackrock today.
But but just thank you so much, and on a YouTube subscribe to Bloomberg Podcasts and out that YouTube podcast. This is a single best idea