Bloomberg直播转述Bloom Energy财报上修与肯塔基数据中心项目，均为已处理信息的重复扩散

【实时直播转录 · Bloomberg TV+】
来源:Bloomberg TV+(bloomberg 直播间 btv_us) · 标题:Bloomberg TV+
时段:2026-07-29 20:30–21:00(Asia/Shanghai),共 213 段
说明:以下为该时段该直播间的连续语音转录(直播 ASR,可能有同音/识别误差)。请从中识别与 AI算力/芯片/服务器/光模块/液冷/数据中心/大模型/机器人·具身智能/自动驾驶 等相关的、**可交易**的公司/产品/订单/产能/需求/合作/高管或官员表态,判断是否构成可交易事件;若通篇无可交易内容,判为不做。识别误差请结合上下文与常识修正,勿据孤立音近词臆断。

--- 转录正文 ---
[20:30] 🎼And on WTI by more than 7% now on Brent crude $90 a barrel now you'll often hear me say things like.
[20:30] 🎼Language matters languageguage does matter, so I'm going to read you a headline this drop with regards to the president and I'm going to just say that I'm paraphrasing here.
[20:30] 🎼The president says that he's going to hit ir run hard, but that's not the language he used, the headline according to Fox News, which is who he spoke to.
[20:30] Earlier on this morning was laced with profanity right and we've seen this president lean into profanity in the past, especially when he's frustrated and he did so.
[20:30] Fox news saying he's going to beat the een something out of them meeting the iran regime aka a message is very clear right now to the.
[20:30] We had strikes last night it sounds like the president is leaning back into having strikes again after having a brief period of a.
[20:30] L back in the90s what do do with these heads do I mean it's one day to another just whip saw up down depending on the language.
[20:31] Depending on potential strikes that have occurred, you just wonder at what point the duration matters we keep going back.
[20:31] But if we remain within this $90 to $100 a barrel range because of this tip for, the new normal as you called it, does that in and of?
[20:31] Self create a new investing paradigm that the Fed has to consider and that a lot of investors is the only assumption i can make this morning li.
[20:31] 🎼I've said earlier on this morning we all have, I don't want to overweight the headlines about attacks, I also don't want to overweight the headlines about diplomacy either.
[20:31] 🎼Just highlight observe that this is the new normal. It's an uncomfortable new normal. You're going to have days where there are talks and days when there are strikes. You're going to have days.
[20:31] 🎼When there are unworkable proposals that come from the White House that won't last 24 hours and we've seen that in the last month too and you'll see Iran continue.
[20:31] 🎼testing the president's patients when there is relative calm and we've seen that in the last 24 hours as well, but what does the new normal mean.
[20:31] 🎼New normal forIt means you'll have days where energy is going for the straight, traffic starts to pick up and days when it's not and you're going to.
[20:32] 🎼alevvaated price relative to what we would have otherwise had if we didn't have this situation and it's not just the likes of the Middle East, it's also Russian hour.
[20:32] 🎼where crude product is becoming a bigger and bigger problem, what's the bigger takeaway for overall economic trajectory going forward?
[20:32] Supply chains are going to be more prone to disruption and there's going to be more volatility there raw material prices are going to remain elevated because of.
[20:32] Potential frictions within respect to how they get transported and potentially a lot of governments would have to pay a lot.
[20:32] More to support their defense operations in order to prevent these types of things which pressure the fiscal side of things those pictures.
[20:32] That's what everyone's grappling with and the reason why borrowing costs are just inching a bit higher and the geopolitical risk premium is not going away and you see a ramco potentially.
[20:32] Having to change some of their pricing that's going to Asia, you also see China stepping in, increasing some of their imports, you bring up a grape point what's going on in Russia.
[20:33] What's going on in terms of Ukraineine hitting some vessels in the Caspian Sea, the problem we have now and no one knows this is.
[20:33] Does it actually end when is there a negotiation that's fruitful that actually ends this and I don't see that happening with this regime.
[20:33] Before the midterm election, so this is going to be the course at minimum, I imagine conventional thinking until November.
[20:33] 🎼We should always be open minded if things can change just based on the experience of the last five months, things aren't changing anytime soon, we need to talk about South Korea as well wild swing.
[20:33] 🎼On the cost we once again, it's one of those markets now, which is on the list top five of the things you look at when you wake up in the morning, how does South Korea trade and cost?
[20:33] 🎼He was wild, it was down at the low by more than 12%, up at the highest by more than three and closed down six, and there is a concern now.
[20:33] 🎼South Korean officials, and I think we've seen their concern build and build and build more recently about the amount of leverage building up in the system,.
[20:33] 🎼Of retail to that leverage and officials met earlier on today at the finance ministry. they held that meeting and they put out a statement.
[20:34] 🎼Over in the last 15 minutes or so and they're looking to curb exposure to those average exchange traded fund products that we've been talking about and looking to CA.
[20:34] 🎼Their access to them with higher trading costs now how quickly they can do that, what that looks like in practice, I don't know, but you can see that's becoming a bigger and bigger issue.
[20:34] For them and everyone else, if they take more steps to stabilize this market and they potentially curb the leverage used, does that mean that all the leverage has already been washed?
[20:34] Or is there a lot more to go in other words, how much more downside is there before there is more stability in this key market isnt?
[20:34] But we even get to the Federal Reserve and the earnings later on this afternoon how about this year how about this month how about this week, I mean the week can't wait.
[20:34] 🎼I was sent to a guest earlier on this morning, Q, Q1 felt like a decade, but it really did it just dragged and dragged and dragged then Q2.
[20:34] And Q3 is flying by as well it's exhausting it is exhausting, which is a reason why when you bring up midterms you know are we really.
[20:35] I'm not to admit I'm not even comforting them Mr. Oh really that used to thatll be your extra ratings just shut it down exactly.
[20:35] the aways start with the most actively traded.
[20:35] The U in the pre market this morning and that is sofi shares are down nearly 6% even after the company posted solid results.
[20:35] Beat on earnings and member growth and even raised its full year revenue outlook investors though are focusing on a few blemishes.
[20:35] In the report, including higher than expected expenses so just another sign of the high bar for earnings and you get.
[20:35] PunIf you don't beat across the board mean, not getting punished is bloom energy, those shares up 8.8% this is a company.
[20:35] Powing the aI build out, it posted results and more than doubled its earnings estimates raised its full year.
[20:35] Outlook and it's the third time this year the company increases its sales forecast as it says that customers just keep.
[20:36] Coming in and arriving faster than ever, and if that's a sign of AI demand growing caterpillar.
[20:36] And some cell side action highlights one of the main risks, especially during an election year, I know you guys don't want to talk about midterm.
[20:36] But that is happening shares are falling nearly 5% after bear downgraded the stock they say that growing pushback against.
[20:36] New data center construction could become a headwind for this company, especially in a key area that it's been banking on.
[20:36] 🎼Yeah hurry, you got a pass, you always got a pass, thank you, we appreciate it counting get down to that F decision at TpM Eastern time this moment is different we'.
[20:36] 🎼To this, if your only experience of Wall Street is the post GFC world, you're very, very used to the handholding, typically going into any decision.
[20:36] You know ahead of time what's going to happen and if you don't, they make sure you know this is different overwhelmingly the consensus on Wall Street is no.😊
[20:37] Change a hold later on this afternoon, but there is an appreciation there is a small risk they might do something different because we have a new Fed chair that is not willing.😊
[20:37] the same guidance key has more from washing dc. mi the.
[20:37] Comitt and 12 of them vote, but only one matters today and that is the new chair kevin wsh, what he thinks will probably carry the day.
[20:37] As you mentioned, the economist community is pretty much overwhelmingly convinced they will stay on hold although wall street.
[20:37] Still gives it a 35% chance that they surprise us with an increase last time they did that june of 2022 with that 75 basis.
[20:37] There are no economic forecasts or dot plot today, so we'll all be listening for what Mrr wsh has.
[20:37] Say now it's not unusual that he could surprise us the history of new fed chairs is that they tend to.
[20:37] Raise rates very quickly after taking office, paul Volcker did it a month, two months into his term, actually the only one of the last four.
[20:38] Who did not was Janet Yelleen who inherited us the middle of the great financial crisis recovery and it took 22 months before they.
[20:38] But everybody else was willing to raise rates right at the beginning of their term so the questions going into this afternoon are.
[20:38] Will there be any dissents and will the statement recognize any dissents last time the statement didn't mention the individual vote?
[20:38] Just the vote total, how will Walsh explain the decision either way, what will he say about what other members of the?
[20:38] Committee thought what are he and his colleagues watching this is maybe the most important question because it gets at the idea of what's their inflation.
[20:38] What's a reaction function, things that he has been reluctant to discuss, and that leaves us with the question of will.
[20:38] be priced in post meeting is priced in right now economists and market participants think that there is a better than 100%.
[20:39] Ch that we're going to see a rate increase on seem 18th the question is where do we end up when the?
[20:39] is over, it is very different and of course John you have to shake your head when you see oil prices this morning just when they start they go back.
[20:39] And maybe help washsh make the comment or make the case for keeping rates unchanged here we go again of course we don't know where it's going to be.
[20:39] as from now either for that matter it is a change can I just ask you as a journalist who's in that room and is sat in front of central bank chief after.
[20:39] Central bank chief over the last several decades, Mike, how your approach is going to change to the kind of questions that you ask this Fed chair one wants to.
[20:39] On the receiving end of a two word answer or any answer that involves task force, how is your approach different to this moment too, Mike?
[20:39] Well, I think we're going to be looking for people to ask specific questions about specific thoughts as opposed to more general questions.
[20:39] long the lines of what is your reaction function, because that could be easily parriied, but how he looks at the oil price.
[20:40] Increases that we've seen recently, does he think they're inflationary or is it time to look through them and what is it that he thinks the?
[20:40] Ask forces should accomplish when you look at the Wall Street Journal story from yesterday, the anecdote about Chris Waller saying it's not.
[20:40] Anybody hasn't thought of this stuff before, what does he think of that can read a him Mike, looking forward to it, Michael McKee with the latest down in Washington.
[20:40] Stephenhen Stanley of sderre expecting the F to hold rates today, but hike twice later this year, rising the Fed has entered a brave new world.
[20:40] Since there's been this degree of uncertainty about whether the Fed would change policy or not in the lead up to a meeting, Stephen Johnn formore Stephen, good morning.
[20:40] Good morning, is it a welcome change I think it is, it gives a fed flexibility?
[20:40] The complaint that wassh has had is that basically the F would lock itself in with for guidance, so think you know I think back to, okay.
[20:41] What would would this period be like if we still had kind of the old regime in place, and I think my guess is they would have been kind.
[20:41] Looking toward a September rate hike and they would have already started to signal that in June, so they would essentially already be kind of locked in.
[20:41] Well, what if things change, right, what if the inflation numbers are all of a sudden we at the softer June CPI, what if you get a string of those?
[20:41] They've already kind of locked in for Septemberptem move, that's why I think Walsh wants to invoke more uncertainty to allow the fed to have.
[20:41] FWhy is it valuable to hike in seember and not now why is there so much value in your view to sequencing things?
[20:41] In that way well, I think this is an example where you can make a strong case in either direction, so i'll make the case for holding off.
[20:41] As I mentioned, the last inflation reading that we have in our hand is the June CPI much softer than expected.
[20:41] Is that a one off, is that a fluke or is it the beginning of a trend is something moving around with regard to inflation.
[20:42] Reasons why we would learn a lot by getting two more rounds of monthly data, which we'll get between.
[20:42] July and Septemberptem meetings, one, we're still trying to figure out where we are with regard to tariff pass through feded keeps telling.
[20:42] We're toward the end of it and there's evidence of that, but we're not quite sure secondly, and I think more importantly.
[20:42] We're really in the early stages or maybe the midst of energy price pass through, so we've seen energy prices go up, we've seen airfares go up.
[20:42] The obvious stuff, but you haven't seen it bleeding into everything else, you haven't seen food prices go up on the back of transportation costs.
[20:42] havenn't seen firms raising their prices because their energy costs are higher, does that mean that's not coming or does it mean we just haven't seen?
[20:42] Yet again, two more months maybe gives you some insight into that do you think that the F has any responsibility for the for inflation?
[20:43] Remained above its target rate over the past not only just five years, but in particular in the past year and a half.
[20:43] Beever in what Walsh says, the Fed controls inflation ultimately, and they have the tools to bring it back to 2% and they haven't done so so?
[20:43] People who argue that ultimately this is one time supply shocks and that that's the reason why they've been facing this, it has nothing to do with money.
[20:43] PoAnd it wasn't in their control anyway because this seems like a more rate inensitive economy so my response to that would be.
[20:43] And I think I'm going to be channeling the chairman a little bit here, so the Fed controls the amount of liquidity in the economy.
[20:43] An energy price shock, for example, if energy prices go up, gasoline prices go up, the Fed doesn't have control over that.
[20:43] But if the Fed injects liquidity to offset that so that consumers are made whole, then the overall inflation rate will go up.
[20:43] If the fed doesn't, then household budgets will get squeezed, the demand for other things will go down and other prices will have to.
[20:44] Go down while gasoline prices go up, the overall inflation level stays the same. So this goes all the way back to the7.
[20:44] Thiss this issue of, do you accommodate an energy price shock or don't you, And in essence, what I would argue is that the Fed.
[20:44] say, well, this wasn't really our doing, supply shocks and energy prices and all the rest, and that's fair enough.
[20:44] At the end of the day has been too easy and that's why inflation has stayed high and as it comes down that will be part of the debate later on this afternoon.
[20:44] In that news conference, Stephen, thank you sir Steven Stanley there of San, let's give you an update on news worldwide with your Bloomberg brief Fonnie Quinn has more heyonnie.😊
[20:44] Hey John, thank you President Donald tru says the US. will hit ir hard after a recent attack that targeted a base in jo.
[20:44] 🎼Vi with Fox News, the president saying quote, they're going to get a beating. Trump's comments sending oil to session highs.
[20:45] More than 1000 employees across leading AI firms signed a petition urging US government to support measures that could slow the pace of AI.
[20:45] 🎼The letter warns AI may be advancing faster than humans can control a massive new data center coming to Kentucky.
[20:45] Brookfield and an exterior Energy are are teaming up on a more than $100 billion project that will turn a former uranium enrichment facility.
[20:45] Into a two gigawatt data center campus is expected to create 8000 construction jobs and 600 permanent positions.
[20:45] 🎼That's your Bloomberg brief John funny thank you thanks for this morning up next we' set you up for the day ahead, what a 24 hours we've got coming up plus we'll touch base with.
[20:45] 🎼Kai of Goldman schs saying markets can adjust to a new regime.
[20:46] In case you missed it on the clothes.
[20:47] To Mexicoxico, your first store there, a big one out there in the Montetery region. why do you think you can make that work.
[20:47] Re important milestone for our great brand as we continue to lean into our global strategy It's an important country for us.
[20:47] culinary heritageThere's a little bit of irony when it comes to the fact thatle mexican grill is opening.
[20:47] MexicoAnd with that in mind, what changes do you have planned for me will locally source?
[20:47] As much of the product we bring over the border today as it relates to avocados and tomatoes and peppers, but it'll be the same menu we've launched.
[20:47] In Western Europe, the same menu we launched in in the Middle East with our partner Al Shia, and the brand really resonates well when we deliver on stand.
[20:47] The same execution and same menu that we have in the United States don't miss the clothes live every weekday I'm Davidvid Westton.
[20:47] Join me each week on Wall Street Week for stories of capitalism this week, Harvard's Jason Furman on the Fed decision the European Union moves.
[20:48] To reform its merger regulation, but will it get the tech industry going Johnsonson and Johnson gets into the robotic surgery business a bit late but with.
[20:48] What it thinks is a better mouserap and what are all those think tanks doing We don't go up to Capitol Hill, We don't tell the government what it should do.
[20:48] Watch Wall Street Week more than what you need to know it's what you need to think about when news breaks in comes the car into Downing.
[20:48] Bloomberg has you covered Burnham arriving for all the context and clarity you need.
[20:48] 🎼Pri minister here at first on Bloberg get your fixed income fixed watch Bloberg real yield.
[20:48] Every Thursdayurday at 12 p.m Eastern, right here on bloomloomberg, context changes everything.
[20:49] The bar is set too high for any stockck associated with the AI train, right and it's not to say that.
[20:49] ing fundamental story is not good, but the bar is just being set to high the new beat is called a 10% beat on earnings.
[20:49] In a lower capex guidance I think that's the thing that's going to get suck to rally that right there is a sweet spot according to Dan Suuki FC heading into those earnings.
[20:49] 🎼this afternoon from Me Microsoft in the market right now, stocks and bonds a little changed ahead of this afternoon's Fed decision Kay global of.
[20:49] Gman Sachs asset management writing more important than the decision itself might be the messaging markets can tolerate less forward guidance, but they struggle.
[20:49] When the policy framework itself is unclear, Kai joins usn for more Ka, good morning, good to see, how unclear is that framework this morning?😊
[20:49] Well, we're going to find out, I mean, the market tells you something the pricing of 30% is a kind of unusual pricing going into a Fed meeting by now.
[20:49] You would have thought the market had settled. So it gives you an indication of what the market is looking for. and that is a little bit more clarity around the reaction function.
[20:50] Two year yields right now and for the last several months trading comfortably above the policy rate, when you look at that, I think framing matters here too, do you see that?
[20:50] Is a bet on hikes or the risk of hikes related to the yield curve. Good question. So I think the first point is, it's important not to.
[20:50] Use a lack of forward guidance with there being less clarity about the reaction function of the Fed. So hopefully, the second.
[20:50] The reaction function, we're going to get more clarity as the day goes on, and that would be great. The market would like it. The second point is, look.
[20:50] The statement at the last meeting, the focus on inflation really dampened a little bit. The volatility at the longer end of the curve.
[20:50] the volatility down the yield structure. So you're going to get more volatility at the short end. That's consistent with a focus on inflation, with being dated.
[20:50] lessIf you get a holds that isn't as hawkish as people expect, do you think that reintroduces volatility to the.
[20:51] the curve.It depends how it's framed, right, So when you say not as hawkish as people.
[20:51] Yeah, I think that would introduce a little bit more uncertainty around the long end of the curve.
[20:51] Look, we've got another meeting in September. The market right now prices a hike. And I think that volatility is probably short livedve because the market will.
[20:51] Toward that meeting very, very quickly, why do you think we don't have more information about the reaction function of this Federal Reserve?
[20:51] Well, because it does look at first sight that there's going to be some changes, right, We've got the task forces.
[20:51] We had the communication, you know, the market is trying to figure out what a new kind of governor is going to bring to the table.
[20:51] So it's not unusual that the market is trying to wait and see and look what it can gleam from communication today.
[20:51] K, you said something important about bringing volatility in, bringing it to the front end of the curve and it dampening yields at the long end of the curve.
[20:52] think whether this is all by design, Do you think it is by design. Is that the objective here. Well, good question, like design for what, right, I mean, your question.
[20:52] I might refer to the fact that it's by design to kind of cheapen the long end a little bit. Maybe that's it.
[20:52] I think it's consistent with a data dependent Fed. And I think it's consistent with a Fed that's going to be less.
[20:52] ocus on forward guidance. So the market then has to figure things out. And we've come out of a very unusual period. right, That's another thing to kind of keep in mind.
[20:52] Like what's our base here, A base is really a kind of post Qe. We've been used to there being a lot of clarity.
[20:52] We've been used to be having Fed meetings that were well advertised. That's a recent phenomenon if look.
[20:52] The world looks like p08 that was very different. just goes back to that kind what are the investment implications with that shift leaving behind the post Gf?
[20:53] C communication architecture. We're leaving that behind the hand holdings over. What does that mean for investing, I think its the focus.
[20:53] Because squarely back on understanding the underlying trends in the economy, what's happening to inflation, what's happening to growth.
[20:53] It's happening to the propagation mechanism, you're going to get much more differentiation between different central banks as well,, not every.
[20:53] iss going to be doing a very similar thing. So this week, we've got Bank of England. We've got Bank of Japan, and we expect very different communication from them.
[20:53] So what are the implications, look, macro matters more, fundamentals matter more, data matters more, and you're going to get way more different.
[20:53] Does that mean that you have different outlooks when you look across Dm sovereign bonds right now, Can you give us an idea of where you're constructive and where youre.
[20:53] So, yes, it does mean we have different outlooks. We'd probably be much less constructive in terms of kind of yields going.
[20:53] downown in places like Japan, I think you're going to look at the UK and you're going to be a little bit more kind of data dependent.
[20:54] You will see that kind of differentiation. that's at the short end. then add onto that the long end implication, right, So there's issues.
[20:54] longong end is kind of pressure of coming from fiscal in places like continental Europe, so absolutely much more differentiated.
[20:54] As much as change in fixed income, the communication shifting markedly at central banks like the Federal Reserve, forward guidance is over.
[20:54] Then you've been dependent on the other anchors in fixed income going away too, so you could have been dependent on fiscal prudence in Germany, that's over far.
[20:54] In Japan, disinflation that's done, now've got inflation, everything's changing in fixed income in the space of a couple of years.
[20:54] The era of financial oppression is over guess what there's yield and there's uncertainty and for a debt investor actually this is.
[20:54] great, especially if you don't have hyperscales sucking all the oxygen out of the room because suddenly you're getting leverage and you're getting yield that.
[20:55] Viiggiillantes were dead, they're alive and kicking and frankly they're out there capitalizing on that and that's what you see in terms of yields at some of the highest levels that we've seen.
[20:55] Go back moment to be in the market Its very exciting, I mean, look at today we're all talking about the F that hasn't happened.
[20:55] time it's been boring for a while, hasn't it Kaihey there of's got to see you thank you thank you for being here, appreciate it, it's just a massive shift.😊
[20:55] I think we've all stated that going into this Fed decision, yet at 2 pm Eastern time I might sit here and say unchanged a couple of dissented in my sample.
[20:55] But just the very fact that you don't know there's this small margin of risk and that small margin of risk is now in the market pricing as well.
[20:55] It's something of a mystery of why inflation has been so far above the fed's target for more than five years and why itper.
[20:55] people can make their arguments going forward, it really sets up a new trajectory for this.
[20:55] n with bated breath, can't wait to see you guys do extra inning Okay, maybe we'll dial dial you in.
[20:56] 🎼Maybe special programming 130 Eastern Time on Bloomberg Surance, the F Des from New York City this morning, good morning.
[20:56] 🎼Looking forward to covering the F with you later on this afternoon, thank you for choosing Bloomberg TV. this was Bloomberg' surveillance next.😊
[20:56] Leaders with me Fran Na I speak with investor and entrepreneur Amanda Staveley on the boldest deal of her career.
[20:56] 🎼That was was walking away from Newcastle It was the toughest decision I've made, it was so.
[20:56] And what she's looking for in her next football club I just want a challenge So tune into the podcast version of leaders with Fran.
[20:56] Listen and watch on Bloomberg television or wherever you get your podcasts's most powerful investors don't ring a bell.
[20:56] They quietly reshape entire industries this is the money shaping the world, the deal maker playbook where power and billions of dollars.
[20:57] Cha hands every day from private equity and credit to venture capital in M&A we bring you the inside scoop on the biggest deals and debates.
[20:57] Exclusive conversations with finance's ultimate insiders great scoop on this you've been reporting about an activist investor coming up and trying to.
[20:57] 🎼S the latest Weve been hearing that there was going to be an activist at some point. The question was who theres a convergence of technology and national security States.
[20:57] 🎼CoWe're playing in the northeast. That's an economy as big as the United Kingdom. This is a really interesting space to watch. We're expectingrkansas.
[20:57] As this is Bloomberg deals at Bloberg invest I want to talk about the broader deal in M&A environment this is a moment in time.
[20:57] See how long we're here it's far too early to call there is an under investmentt in what's going on in private markets because everyone's looking for.
[20:57] Additional AI cloud capacity and it's very tough to build Everybody wants to get things going and the IPO market is just.
[20:57] One symptom it is an early indicator of what we're going to see in the M& market let's go to scarlett food, who's taking a closer look at drone companies.
[20:58] In conflicts in the Middle East and Ukraine, there's renewed investor appetite for new names in the space Excel reporting I'm d Berger and this.
[20:58] Is bloomloomberg every wenesday at no Eastern only on bloomloberg television.
[20:58] 🎼you missed it on the opening trade The history of technology has not been more leisure, right, We all have dishwashers at home.
[20:58] 🎼We don't spend less time in the kitchen, so my thesis is that there's an aggregate job opportunity but rampM does enterprise payments.
[20:58] 🎼Expenses revealvelo looks at labor market data, and they actually find companies that spend more on AI are hiring more.
[20:58] 🎼That shows about six to 12 month lag, but 10% more workers there's an interesting story there, not a churn in the labor market, but then maybe not lower employment.
[20:58] Absolutely, I think there will be shifts right, and we can't get away from that, but in aggregate I think there's more opportunity, I think we're going to be doing more.
[20:59] 🎼work and there's a lot of latent work that's just not happening and you still need to hire the young people iss that also the message Ab has views on this?
[20:59] 🎼I mean, Revello's analysis said they were hiring more young people, so 10% overall, 12% more young people don't miss the opening trade.
[20:59] Every weekday bringingring you up to the minute geopolitical news whenever and wherever it happened.
[20:59] I'm and Hourern in Beijing, China and this is Bloomberg.
[20:59] Easy day from earnings to a fed decision 30 minutes until we start your trading day i'm danny burgerrger matt miller still off bloomberg open interest starts.