Bloomberg Audio Studios, podcasts, radio news. The single best idea which is to avoid this historic storm, Rob Carroll, and it was fabulous today. He made very clear that the elements of the storm, the foundations of the storm, are all the way across the nation to Catalina Island in Los Angeles. I was stunned by that. But that's why you know he's so famous. Is the linkages here of how you get a polar vortex, or how the winds affect Abilene, Texas, and on and on. We thank Rob
Carroll and for terrific coverage. You'll do much more here in the coming days as the storm evolves over six, seven, eight days, and then even after that some historic cold is well. Rebecca Patterson showed up with the counts on foreign relations her recent essay in the Financial Times, the senior Fellow from CFR, Rebecca Patterson on the dollar at this moment.
I think the important thing about the dollar is timeframe and degree. You know, a lot of the media coverage this week with the threats of possible military intervention to acquire Greenland against its will and then the backing off it. You saw some market reaction, but it was really just a one day sell America and everyone saying, well, gosh, no one sold treasuries. Everything's fine, it's all hype like, No, it's not. It's time frame. What we're seeing is a
slow erosion of confidence in dollar based assets. This is something that will play out over years, not a day or a week or a month. But it's happening.
Just brilliant, and I want to frame there is. Rebecca Patterson correctly said the lot of the reporting was treasures didn't do much and the answers they did. A question is where in the curve short term market was very stable. That's q FED influence the economic data that Michael McKee's so good at. But farther out there was some movement in the thirty year bond. Some people would say it used to be the benchmark thirty year bond yield up,
price down, began to approach five percent. Now it's turned around from that to a four point eighty six I'm guessing at right now. But out in the curve, even you know Japan, that's true, but even in the US, out in the curve, you can watch there as almost a litmus paper of what the bond vigilantes are thinking about Rebecca Patterson is thinking about tariffs. Martha Gimble just phenomenal at the Budget lab at yelled lots of good
work on tariffs recently. What would be the shock from the Supreme Court the outcome for your favorite tariff.
I always look at the intersection of geopolitics, the economy, and financial markets because they all influence each other. One of the things I'm looking at now ahead of the Supreme Court decision about US tariffs is if we reduce the tariffs, take them off, shift them around, how does that translate into the affordability narrative in the United States? If tariffs are removed, do we actually see any price change that benefits you as consumers? How does that play
out in the midterm election. So again, as looking at all these connections.
Rebecca Patterson, I really want to say some of that's the so called think tanks that I lean on every day. I mean, all of us are reading them voraciously here at Bloomberg. But I really want to do a shout at Adam Posen and the Peterson Institute just on fire at recently David Wessel writing up a storm at the Brookings Institute as well. In Rebecca Patterson providing leadership at
the Council on Foreign Relations. Mister Frohman and company have just done an outstanding job staggering from story to story in our international relations. And again look to Bloomberg Opinion Lionel Laurent. I'll get that out on Twitter and LinkedIn. Laurent particularly good off the Paris desk today, on all that's going on on podcasts on Apple, on Spotify, and on YouTube podcasts. It's single best idea