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The single best idea and the single best idea is we need sleep. Starting last night, I'm going to guess ten pm, but really to midnight. We blew up the show once twice, three times. It was really extraordinary to see the news flow out of Iran, out of Israel, and then to digest it through the markets in a big leap in oil. Oil at one point of twelve percent, and you know it's up four to five percent as
we tape your single best idea. We were advantaged with Rebecca Patterson out the Consulate Foreign Relations, Rebecca Patterson, and the dynamics of oil imports.
They rely on oil and energy imports a lot more than the US. We're self sufficient effectively in energy, so they're going to be much more vulnerable to that as well as just trade between the Middle East and Europe. But I do think the US is more vulnerable than normal right now because even though the hard data, so to speak, the economy in the US is moderating but still solid, you do have this heightened level of uncertainty among businesses in particular. You're just adding more fuel to
that fire with this. If you want business activity to pause. This is going to contribute.
Rebecca Pattinson there with the console on foreign relations. One of our first calls last night Teena Fordum Global Insight. She was absolutely brilliant. Here is Tina Fordam on the divisiveness of America.
I think one of the tragedies of the present moment is that every single issue that the US is facing is now left coded and right coded in a way which is very bad for the world and for dealing
with threats. I am in this role in this because I think that in order for commerce and financial markets to function, we need safety and stability, and unfortunately it's very difficult to have those conversations, even on Wall Street anymore without going down some kind of rabbit hole of whether one is defending Ukraine policy or is pro or anti Israel, when what we really need to be looking at as investors is the potential for conflicts to move
from regional to systemic, to generate shocks for asset prices or to growth. And we're not having those conversations anymore.
A Tina Fordham Fortum Global Insight. I'd like to tell you that I know where the news flow will be Sunday I'm certain I don't know where it will be Monday. Please stay with us across all of our platforms internationally. Is these events unfold across the nation on your commute. Thank you Serious XM Channel one twenty one for that.
Listening internationally on Spotify getting a huge response to that with surprise, I don't much about that, but Spotify proving very popular is a way to listen to us internationally. Thank you for that. On YouTube, Subscribe to Bloomberg podcasts and out YouTube podcasts. It's single best idea