Bloomberg Audio Studios, podcasts, radio news.
A single best idea, what an odd Monday? Always after a jobs report. It's an odd Monday after the huge flow of data that we get out of the labor economy on a given Friday, but this one more so with the President planning a trip to China on Wednesday, but just great conversations. It was sort of this word a nudjie day, is how I'd put it. But around that there were some really really smart conversations, many thanks
to Dan Ives from London. He had to work to get on the zoom and all that stuff, but dan Ives was really wonderful as he lifts his estimate on Apple computer Tally Laziere with us as well. He has been dead on about this bullmarket juggernaut and Lawrence McDonald. Before Tally was some real caution about the nation's debt and deficit and how it could tie into inflation. We started strong with the way Lee of Black Rock. I talked to her about free cash flow. Here's way Lee on the path forward.
When it comes to valuing risk assets, it's a discounting future cash flow. So even though R is going higher, if G is going faster, and higher. Still, we can still have a rosy market, which is what we have had so far.
Our minus G. We didn't stop the show to do it. I'll do a little bit here on it. Thomas Piketty, the French questioner of Western Growth, is very big on the concept of our minus g, the real rate minus some form of growth rate. One of the most articulate people I've seen on it was a laureate. Joe Stiglitz has been very good on it. But that's a core concept. You can look it up on your chosen AI as well. Leslie Benja Murray with us from Chathamhouse and now at
the Chicago Council. Actor vin Ja Murray. He just did a blurb for Valley Nassar's spectacular book on Iran. You'll be hearing me on Nassar's book over the coming weeks and months. It truly is a required read on Iran. Here is Leslie vin Ja Murray on the war.
You've got a country that's thinking very strategically about its future, and I think this is you know, if you if you look at Valley Nasar's analysis of the of the current conflict, you know it's very clear Iran's got its eyes on the prize, It's in a winning position, It's used its leverage very effectively. What we thought was very asymmetric has turned to less asymmetric than you might think.
And we're seeing that, you know, as those as President Trump sort of throws up his hands and says the deal's not good enough or he doesn't like what they what they wish to have. Iran looking unfortunately quite powerful, and the US, as President Trump goes to China, look not very strong.
Well, I'm much more on the news flow of the war here, I'm sure as we go to the trip to China, leslie Vinjiburi there from the Chicago Council. On podcasts, we're out at Apple and Spotify, a YouTube podcasts at Single Best Idea