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A single best idea is that today was a head spinning day, from the Pentagon press conference to all the newsflow, the various presidential truth social moments, just back and forth in prices moving to give you one little window into how unusual this war is. In pricing we had Bloomberg are fierce about correct data today on the global oil price because the futures are flipping tomorrow. There were two
oil prices. One was what was called the generic price one hundred and eighteen dollars a barrow, and the other was the actual Brent crude price, the actual printed future that comes out, which was ten dollars ten dollars less. I have never seen that in well, in excess of forty years. It is an extraordinary moment. We forget the movement of data and the flow that's out there, all of that because of a war. Lindsay Newman is at G zero Media and also at King's College in London,
where the study of war is front and center. Professor Newman on the president and the moment at hand.
He started his administration in the second term saying that he envisions himself as the peacemaker and unifier. That's going to be his greatest legacy. That was from his inaugural address.
We all know, of course that he has these incredible ambitions around the Nobel Peace Prize, longstanding ambitions, and one of the questions I get asked most is how could Trump have run a campaign on ending forever wars and being this peacemaker and unifier and yet find himself throughout the world really not just in Iran, but of course what we're watching right now is Iran pursuing force and
force how do you score that? And I truly think that he envisions the way through to lasting peace in the Middle East, a rewriting of Middle East history is through this operation epic theory that they have been pursuing for the last five weeks.
Lindsay Newman of King's College and G zero Media a lot of good guests today. Merrith Whitney was absolutely brilliant on the durability of our leading bank CEOs. We focused on mister moynihan and mister Diamond. I thank her for her time. Eric Fine came in today from Van k We spoke to him about emerging markets. Really really interesting given the changes in inflation. Here Eric Fine on the distinction of DM and EM.
For DM, it's largely a quote unquote risk of inflation essentially, whereas for EM there are plenty of winners. Most of my countries in our benchmark are commodity exporters. What's the big one that isn't China. Well, it's still a net export, right, it runs current account and trade surpluses, and so it's
a story of many excellent opportunities. Basically all of Latin America, which is a big chunk of our benchmark, and all of Sub Saharan Africa, our winners is replacing or benefiting at least from the price or in a longer term, potentially replacing at least Russia and others as Europe's major supplier.
Eric Fine Vanek, we thank him for coming in today. On podcasts, We're at Apple, We're at Spotify, on YouTube podcasts, it's single best idea.