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Super Best Idea, I guess the words getting out. It's amazing and we're humbled by the number of our guests who come into our studios here at our world headquarters at Lexington Avenue and fifty ninth Street. It's not easy, folks. I mean, if you go out to Park Avenue at any given time of day, there's not one there's two tractor trailers sprawled across fifty ninth Street making the dash from New Jersey over to Long Island. I mean, it can really get ugly at traffic. And we really appreciate
when they come in today from the Philippines. Andrew gon came in with the Philippine Sovereign Wealth Fund. That was really special, particularly with the new American commitment to the Philippines. Monamahaj and a little bit closer coming in from Saint Louis and Edward D. Jones. It was great to Mona in the studios and there he was in the seven o'clock hour. Ambassador has showed up. Richard hass changed the venerable console on foreign relations. He made them go digital
when no one was thinking about digital. The Internet effort of the Console on Foreign Relations and Foreign Affairs and magazine. All of that comes from Richard Hass and his expertise. Today, Ambassador has on the myth of Iran and nuclear weapons.
They don't know what they're talking about. A lot of the nuclear program is deeply underground and fortified locations. Assuming we know where it all is, you can't take out the intellectual dimensions of it. So I think what you would say is if Israel used military force, it could buy some time. It could set back the Iranian program months or even years. But what would happen is it would be reconstituted underground, probably places and locations far more difficult to take out.
The great theme of Richard Hass and as many books and the new one, The Bill of Obligations, is really, really quite good about the dearth of civics, the decline of civics in America, is that our foreign policy starts with domestic strength. In this election season, Richard Haas on our domestic challenges.
Well, partially, we need a new policy on us. We've got to stay strong and more united domestically so we can compete with China. We've got to keep our alliance a strong above all with Japan, and we've got to have more of a physical presence in that part of that. We'll never get China to give up its dreams on Taiwan. What we want to do is persuade jijiinpaying that to act on those dreams would be Foolhardy.
Richard Haas for an extended conversation this morning, we got a huge response from someone on fire. He is a quiet guy. He's got a cello in his office. I mean, what's that about. Cam Harvey is esteem professor, professor at Fuqua at Duke, and he is fired up about a FED that is way way behind. Cam Harvey and the fiction of our shelter costs.
If you just do the simple calculation of that four point nine percent and then multiply it by point thirty six, that delivers one point seven seven percent. So one point seven seven percent of the print today is purely due to that distorted a shelter number. So if you substitute anything in that's closer to reality, the inflation print is not two point four percent. It is one percent or potentially less than one percent. So we are we are
below the fed's target. Yet they're debating well, should we due twenty five basis points come on this. Supposedly the FED is data driven. Well, the math that we just did was not a very challenging exercise.
Oh live Chad on YouTube lit up like a candle. Thank you for the many responses. People love. Cam Harvey of Duke University can't say enough about that today. Is math is correct? Liz Anne Saunders out with a great chart on Twitter at Charles Schwab and there were sheltered way up high part of year over year, a month over month. You know what was the peak was motor vehicle insurance. We could do a whole show on that.
I think right now, I guess it's I don't drive folks, you know, they drive me around, which is I'm very privileged to have that, But I her motor vehicle insurance is really really something we're on YouTube, And what a joy today to speak to the gentleman from Manila, Andrew Gunn, and to know the Pacific rim audience we're building on YouTube. We're just I'm frankly shocked by it. I just the reach of YouTube. I really don't understand. Subscribe to Bloomberg
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