Bloomberg Audio Studios, podcasts, radio news. The single best ideas were the Bonus today outside Boston during interimor will join us on his beabs and let's get right to it. I think so much a single best idea as a FED parlor game. I think it's very evident that I'm not a fan of the parlor game, the WRP function, and you know, the gaming and the betting of what the FED will do. I gay, I guess a lot of people care. I don't care. I'm sort of more interested in the real economy. Andrew hollendhors of the team at City Group have been absolutely brilliant of focusing on the real economy. Months ago, quarters ago, they said, calm down, we're going to hire for longer. They nailed that call. Now they've turned around and they said, not only are we going lower with the FED, but because of the real economy, we're going to persistently grind down interest rates. Brian Whale in a TCW today was brilliant with the same vector of disinflation and lower FED rates. Here, Hollendhorst of City.

Bloomberg Audio Studios, podcasts, radio news. The single best ideas were the Bonus today outside Boston during interimor will join us on his beabs and let's get right to it. I think so much a single best idea as a FED parlor game. I think it's very evident that I'm not a fan of the parlor game, the WRP function, and you know, the gaming and the betting of what the FED will do. I gay, I guess a lot of people care. I don't care. I'm sort of more interested in the real economy. Andrew hollendhors of the team at City Group have been absolutely brilliant of focusing on the real economy. Months ago, quarters ago, they said, calm down, we're going to hire for longer. They nailed that call. Now they've turned around and they said, not only are we going lower with the FED, but because of the real economy, we're going to persistently grind down interest rates. Brian Whale in a TCW today was brilliant with the same vector of disinflation and lower FED rates. Here, Hollendhorst of City.

Group, if you just focus on four point two percent unemployment, that's not a bad unemployment rate. If we could just stay at four point two percent. The problem is, like you're saying, all of the evidence is that unemployment rate is going to continue to move higher, and it may move higher in a non linear way. I think that's a real concern. There's been a lot of focus on the idea that, well, the hiring rates come down, the layoff rate hasn't come up yet. And the yet, I would emphasize, because in every cycle that's what we see. The hiring rate comes down, then the layoff rate comes up, and that's when you get that nonlinearity.

Group, if you just focus on four point two percent unemployment, that's not a bad unemployment rate. If we could just stay at four point two percent. The problem is, like you're saying, all of the evidence is that unemployment rate is going to continue to move higher, and it may move higher in a non linear way. I think that's a real concern. There's been a lot of focus on the idea that, well, the hiring rates come down, the layoff rate hasn't come up yet. And the yet, I would emphasize, because in every cycle that's what we see. The hiring rate comes down, then the layoff rate comes up, and that's when you get that nonlinearity.

Andrew Hallenhorst there on the curvature of the unemployment rate. We talked about a five percent unemployment rate not being the same is a four point nine percent statistic as well. Shout out to Dan Ives, a trooper in the late late evening of Soul, Korea. Dan Ives briefing us today on the Apple meeting to come. We talked about the chip, the A eighteen chip. I'm very much a believer that all the fanboy stuff is secondary to the actual three nanometer technology in this case, and I think the chip will dazzle whether the phone sells or not. I don't know, but I think the chip will dazzle as well. Thanks to Dan Ives for stepping in in his late night Soul Korea as well. One thing that is certain is there is a debate tomorrow. David Gurrow will be in Philadelphia. Balance of Power Joe Matthew Kayley lines eight pm, starting for a nine pm debate. I have no idea why it's on at nine pm. I aggressively disagree with that. It's worse than sports. It should be on earlier, so not kids, but you know, teenagers can watch it without being brained at at nine pm. But anyways, they'll be good coverage. We were lucky and I got some heat on this on Twitter. People are like, you know, why are you talking to a guy from Arkansas. French Hill is a banker, a businessman. He's at a payroll to meet in Arkansas. It's the second congressional district. I think it's north of Little Rock. We talked about the map of that Frenchhill, Republican from Arkansas on his candidate.

Andrew Hallenhorst there on the curvature of the unemployment rate. We talked about a five percent unemployment rate not being the same is a four point nine percent statistic as well. Shout out to Dan Ives, a trooper in the late late evening of Soul, Korea. Dan Ives briefing us today on the Apple meeting to come. We talked about the chip, the A eighteen chip. I'm very much a believer that all the fanboy stuff is secondary to the actual three nanometer technology in this case, and I think the chip will dazzle whether the phone sells or not. I don't know, but I think the chip will dazzle as well. Thanks to Dan Ives for stepping in in his late night Soul Korea as well. One thing that is certain is there is a debate tomorrow. David Gurrow will be in Philadelphia. Balance of Power Joe Matthew Kayley lines eight pm, starting for a nine pm debate. I have no idea why it's on at nine pm. I aggressively disagree with that. It's worse than sports. It should be on earlier, so not kids, but you know, teenagers can watch it without being brained at at nine pm. But anyways, they'll be good coverage. We were lucky and I got some heat on this on Twitter. People are like, you know, why are you talking to a guy from Arkansas. French Hill is a banker, a businessman. He's at a payroll to meet in Arkansas. It's the second congressional district. I think it's north of Little Rock. We talked about the map of that Frenchhill, Republican from Arkansas on his candidate.

I don't think so.

I don't think so.

No.

No.

I think he and this has been very consistent I think with President Trump. I mean, he sticks with this messaging that he has that he believes so strongly in and I don't see him moving it, And I don't you know. I think some would argue that Vice President Harris is moving to the middle with some of her proposals, but they're like from the most radical left fringe to slightly less left, not per se to the middle. She uses a lot of press release buzzwords, you know, childcare, lowering taxes for working family, and things like that, but when you get into the details, I don't think so. I'm thinking she needs to look like she's centrists, that she's not Bernie Sanders, that she's somewhere to the far right of Bernie Sanders, that she is smart and she's up on the issues, and that she's got a sense of humor, but looks presidential. I think that's a big I think it's a big lift for her, but I think that's the main issue for her.

I think he and this has been very consistent I think with President Trump. I mean, he sticks with this messaging that he has that he believes so strongly in and I don't see him moving it, And I don't you know. I think some would argue that Vice President Harris is moving to the middle with some of her proposals, but they're like from the most radical left fringe to slightly less left, not per se to the middle. She uses a lot of press release buzzwords, you know, childcare, lowering taxes for working family, and things like that, but when you get into the details, I don't think so. I'm thinking she needs to look like she's centrists, that she's not Bernie Sanders, that she's somewhere to the far right of Bernie Sanders, that she is smart and she's up on the issues, and that she's got a sense of humor, but looks presidential. I think that's a big I think it's a big lift for her, but I think that's the main issue for her.

Frenchchill just riveting in not once, but twice three times in that conversation, he made clear he feels that the former president will not move to the middle, that he will stay a mega themes if you will, good to have friendshill in today. Last week I believe it was the Wall Street Journal did at college ranking, and it had the usual victims lined up at the top, and sandwich between number one and number two was Babson College. There is no one in the game more affiliated with Babson than Urian Timor of Fidelity. And of course we say good September to ninety two nine FM and all that's going on in Boston. Babson is a leafy, suburban event and had an international student body before that was cool or required, whatever you want to say. Here is a gentleman from an island, a Dutch island in the Caribbean, on his first day at Babson.

Frenchchill just riveting in not once, but twice three times in that conversation, he made clear he feels that the former president will not move to the middle, that he will stay a mega themes if you will, good to have friendshill in today. Last week I believe it was the Wall Street Journal did at college ranking, and it had the usual victims lined up at the top, and sandwich between number one and number two was Babson College. There is no one in the game more affiliated with Babson than Urian Timor of Fidelity. And of course we say good September to ninety two nine FM and all that's going on in Boston. Babson is a leafy, suburban event and had an international student body before that was cool or required, whatever you want to say. Here is a gentleman from an island, a Dutch island in the Caribbean, on his first day at Babson.

I was born and raised on the small island of Aruba, and I wanted to go to college in the States. My brothers went in Holland as his typical for Dutch families in Aruba, and my father did some business with people in the Boston area and they all told him to send your kid to Babson and we went and we looked. I bought a suit for the first time to interview, and I saw a young man walking down the campus with a rolled up Wall Street journal under his arm, and I'm like, that was the image that I wanted for myself. And so I went to Bobson in nineteen eighty one. It was already an international kind of oriented college. At the time, eight percent of the student body was international. Now it, of course it's much more. But it has always provided that intimacy of a small business school that is still world class at the same time, and as an international student, that really fit the mold for me.

I was born and raised on the small island of Aruba, and I wanted to go to college in the States. My brothers went in Holland as his typical for Dutch families in Aruba, and my father did some business with people in the Boston area and they all told him to send your kid to Babson and we went and we looked. I bought a suit for the first time to interview, and I saw a young man walking down the campus with a rolled up Wall Street journal under his arm, and I'm like, that was the image that I wanted for myself. And so I went to Bobson in nineteen eighty one. It was already an international kind of oriented college. At the time, eight percent of the student body was international. Now it, of course it's much more. But it has always provided that intimacy of a small business school that is still world class at the same time, and as an international student, that really fit the mold for me.

You're in Timor, arguably the greatest technician in economics, finance, and investment. I can't say enough about the sophistication of the charts he develops for Fidelity. Many of them are widely available at the Fidelity website. You're in Timor of Fidelity. An eventful week forward here after the jobs report. Thank you to our team for just an incredible Friday. We move on on YouTube. Subscribed to Bloomberg Podcasts on terrestrial traditional radio ninety nine to one FM in Boston, our flagship station in New York City Bloomberg eleven three ye oh am in Boston, ninety two nine FM, on Apple CarPlay, Android Auto, and on Apple Podcast. This is a single best idea

You're in Timor, arguably the greatest technician in economics, finance, and investment. I can't say enough about the sophistication of the charts he develops for Fidelity. Many of them are widely available at the Fidelity website. You're in Timor of Fidelity. An eventful week forward here after the jobs report. Thank you to our team for just an incredible Friday. We move on on YouTube. Subscribed to Bloomberg Podcasts on terrestrial traditional radio ninety nine to one FM in Boston, our flagship station in New York City Bloomberg eleven three ye oh am in Boston, ninety two nine FM, on Apple CarPlay, Android Auto, and on Apple Podcast. This is a single best idea