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A single best idea on a really inventful day. The President was active early on in the morning. I think we had three, if not four, substantial tweets from the President. Some we covered, some we didn't, maybe not germane to what we're doing. But it was just a really really eventful morning and then wrapped around the economic data and
the banks as well. After the debris fell from the major banks, including the huge successive City Group, we talked to Gerard Cassidy, iconic at RBC Capital Markets that we talked about his success with City Group, the path forward for Jane Fraser here with Gerroid Cassidy on the old days of eighteen thousand banks.
Back then, we had eighteen thousand banks and thrifts when you and I were young men, and today we're down the forty three hundred. So the consolidation that was brought on by National Interstate Banking under the Clayton administration when they signed that law has really led to the consolidation.
As a result, what has happened is that the banks have become more efficient, which has led to much better profitability, while at the same time their capital levels are meaningfully higher than they were twenty thirty years ago, and of course since the financial crisis.
Joed Cassidy of RBC Capital Markets shout out to all in Boston. He of Tucker, Anthony and rlday of a few years ago we looked at Europe today. A wonderful conversation with one of our correspondents out of Denmark, out of Copenhagen on all that's going on in Greenland. We'll do more of that, just to get the learning curve up on this oddity of the distance between Greenland over to Iceland and then over to the shores of Norway
and down to the United Kingdom in Scotland. It's just I'm learning about to seat you in every day, trying to get smarter on it. Speaking of smart and Natalie Tucci is with the Johns Hopkins University out of Bologna in Rome. She's absolutely definitive in the question what in God's name is Europe doing here?
Professor Tacci, Well, this is a really odd kind of you know, situation here because Europeans, starting with the Danes themselves and the Greenlanders, are more than happy to talk substance.
So does the United States want a greater security presence in Greenland, no problem. Does the United States want greater access to Greenland's natural resources, no problem. But if it is not substance, if it is simply a question of territorial expansion, then that's kind of a conversation killer.
I can't say enough about her article in Foreign Affairs magazine, just really really timely here on the lack of cohesion and ambition of Europe and defining auge to respond to the United States and President Trump. Natalie Tacci of the Johns Hopkins University on podcasts. While we're out on Ample Music and Spotify, I don't know if we're out on Netflix podcast. I'll have to discover that. In the next couple of days. We are on YouTube podcast's single best Idea.