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What a great set of conversations today to start out. And the team is working around the clock and we're tweaking and we're trying to be polite. There's so many guests, particularly given the war, that we have to cancel and we always have them back. But you know, there's a ballet to it and all that, and this was just a wonderful Monday. Strong Francisco Blanche was able to stop buy in studio. He drives all of commodity coverage at
Bank of America. Is a wonderful European perspective. But he really focused on the Pacific rim and around India as being where you are going to see this war effect. He was optimistic on America.
The US is going to be the last mans. Then that's true, right, that's so true. America is a net energy explorer. Uh Now, there's going to be certain portions of the US public that are not gonna that are not going to have a great time as prices go up. I get that, particularly if you're the bottom pointile, bottom quartal of the of the income ladder. This this is a crisis that's really impacting your pocket and I you know,
I feel for those people. But but but I think, I think ultimately as a country, America makes money when energy prices go up, and and I think what you might have to think about is some way of redistribution. One way is to suspend the federal excise tax, which as you know, has been on another discussion. But there's all the things that can be done pretty effectively to to cushion to limit the impact of higher energy prices on lower income households.
Francisco Blanche of the Bank of America for those of you internationally, New York is transfixed by another strike. We have a whole set of transportation. Paul Sweeney very very familiar with New Jersey Transit, which goes out to the west and of course is affected with FIFA in the World Cup and all that up north. Ted fin who helps me on television always on Metro north up to Connecticut and the Hudson River. But out east is the oddest railroad in the world. We say it is long Island,
and no one understands how long long island is. It is ae hundred and two miles from Penn Station to East Hampton. It's extraordinary. This peace of land that hangs off New York. Their transportation is broken. We spoke today to the head of the MTA about the l R strike, Jena Lieber Tom.
We have eighty separate bargaining units. We have eighty separate unions in effect to negotiate with. It is really a complicated labor environment and there are differences among them. But generally speaking, we do what we call pattern bargaining. We make a deal with the biggest union and then the others have to fit their deals within the economic box
that that creates. This group of unions wants to go outside the box to get us a special deal, and that is the source of the tension and the conflicts so far. But as I said, we're trying to resolve it. Chop chop right now.
Nicely explain and of course this revolution work from home assisting everyone. Today we had one of our guests that came to us from her home because of the strike. We're never on strike. And of course the podcast here, it's out on Spotify, it's out on Apple, on YouTube podcasts. This is single best idea