Bloomberg Audio Studios, podcasts, radio news.

Bloomberg Audio Studios, podcasts, radio news.

Single Best Idea, and today again our team just doing a tour de force of getting us incredible conversations. Daniel kurtz Phalen was on with Foreign Affairs Magazine. I am a member of the Console on Foreign Relations. I don't read Foreign Affairs cover to cover. I'd say I read three articles every time it comes out. But I just can't say enough. If you want to keep up with the thought process of foreign affairs and international relations, get a subscription to Foreign Affairs Magazine, a physical copy. It's in a larger font The articles are brilliant, they're just the right length. I can't say enough about what they're doing. We had Douglas he went on from Dark about ten days ago. He's got a just blistering essay on the tariffs. Today we spoke to Jay Brison, his chief economist at Wells Fargo. Wells Fargo has a thirty year heritage of incredible granularity about the American labor economy. Doctor Bryson was absolutely brilliant about framing out the weekly jobless claims. Tom.

Single Best Idea, and today again our team just doing a tour de force of getting us incredible conversations. Daniel kurtz Phalen was on with Foreign Affairs Magazine. I am a member of the Console on Foreign Relations. I don't read Foreign Affairs cover to cover. I'd say I read three articles every time it comes out. But I just can't say enough. If you want to keep up with the thought process of foreign affairs and international relations, get a subscription to Foreign Affairs Magazine, a physical copy. It's in a larger font The articles are brilliant, they're just the right length. I can't say enough about what they're doing. We had Douglas he went on from Dark about ten days ago. He's got a just blistering essay on the tariffs. Today we spoke to Jay Brison, his chief economist at Wells Fargo. Wells Fargo has a thirty year heritage of incredible granularity about the American labor economy. Doctor Bryson was absolutely brilliant about framing out the weekly jobless claims. Tom.

I don't think it gets us that far, but I think you're probably looking at a you know, you're probably looking in the two fifty to two seventy five sort of range. If you get up to three hundred, if we go from you know, roughly two twenty right now up to three hundred per week, you're getting pretty close to a recession at that point. And so yeah, you know, I think you know you're four point four. You're you're looking at us getting up into the two fifty two seventy five.

I don't think it gets us that far, but I think you're probably looking at a you know, you're probably looking in the two fifty to two seventy five sort of range. If you get up to three hundred, if we go from you know, roughly two twenty right now up to three hundred per week, you're getting pretty close to a recession at that point. And so yeah, you know, I think you know you're four point four. You're you're looking at us getting up into the two fifty two seventy five.

And the Courson backdrop for that was the headline yesterday amid all the FED stuff about them out this move from four point one to four point four percent unemployment. All I can say is, if you pull up a Bloomberg actually I have this function memorized at very few memorized us R TOT index, and you put it up and you go back and type in nineteen forty seven, you could see the huge, huge history of the unemployment rate. And all you need to know is when it goes, it goes. And so here at four point one. A move to four point four would be sobering in terms of the history of that unemployment rate. What a joy to speak to. Brian Weezer of Madison Well Brian Weezer Expert on advertising and media. We spoke to him. He was just brilliant on his Vancouver and on all going on between Vancouver and Seattle. We followed that up with David Rosenberg of Toronto and Rosenberg Research. Here's David Rosenberg on Ontario in the auto industry.

And the Courson backdrop for that was the headline yesterday amid all the FED stuff about them out this move from four point one to four point four percent unemployment. All I can say is, if you pull up a Bloomberg actually I have this function memorized at very few memorized us R TOT index, and you put it up and you go back and type in nineteen forty seven, you could see the huge, huge history of the unemployment rate. And all you need to know is when it goes, it goes. And so here at four point one. A move to four point four would be sobering in terms of the history of that unemployment rate. What a joy to speak to. Brian Weezer of Madison Well Brian Weezer Expert on advertising and media. We spoke to him. He was just brilliant on his Vancouver and on all going on between Vancouver and Seattle. We followed that up with David Rosenberg of Toronto and Rosenberg Research. Here's David Rosenberg on Ontario in the auto industry.

If the tariffs end up applying the twenty five percent tariffs apply to the auto sector, it's going to detonate the Ontario economy. But don't think for a second that it's not going to have massive negative spill overs in the United States. It's why I don't believe. It's almost like a Cuban missile crisis situation. Who's going to blink? But you know, the robber beats the road in a lot of the Midwestern states too that are red states, you know. Causing that amount of dislocation in the auto sector is going to bite really hard in Canada Ontario in particular, but white swasa the United States are going to feel a lot of pain there too.

If the tariffs end up applying the twenty five percent tariffs apply to the auto sector, it's going to detonate the Ontario economy. But don't think for a second that it's not going to have massive negative spill overs in the United States. It's why I don't believe. It's almost like a Cuban missile crisis situation. Who's going to blink? But you know, the robber beats the road in a lot of the Midwestern states too that are red states, you know. Causing that amount of dislocation in the auto sector is going to bite really hard in Canada Ontario in particular, but white swasa the United States are going to feel a lot of pain there too.

David Rosenberg, Rosenberg Research, We'll have much much more for you here to finish them on strong and out of the jobs report of course in April, first week of April, and that key trade touched. Paul mentioned today April second, it seems to be a key tariff day. On your commute across the nation, we say good morning, good morning, ninety nine one FM Washington, ninety two nine FM up in Boston, and on YouTube look to the podcast We're on YouTube podcast. This is a single best idea

David Rosenberg, Rosenberg Research, We'll have much much more for you here to finish them on strong and out of the jobs report of course in April, first week of April, and that key trade touched. Paul mentioned today April second, it seems to be a key tariff day. On your commute across the nation, we say good morning, good morning, ninety nine one FM Washington, ninety two nine FM up in Boston, and on YouTube look to the podcast We're on YouTube podcast. This is a single best idea