This is gps the Global Public square. Welcome to all of you in the United States and Around The World. Im Fareed Zakaria coming to you from aspen, colorado. Today, an extra special program with three, yes, three former secretaries of the treasury. First, ill talk to Henry Paulson and Timothy Geithner about the state of American Politics and the downgrade of the uss Credit Ratings and the struggles of the chinese economy and then robert ruben talks to me about how to make hard decisions and what a yellow legal pad has to do with that skill. Finally, david burn came to fame with his new wave band talking heads, some 40 years ago. Ill talk to him about his latest wave of creativity which includes a musical about former fill pina first lady Imelda Marcos. Performed in a Broadway Theater thats been transformed into a disco. But first, heres my take. For years American Politics has been shaped by the idea of the china shock. The term coined by three economists in a paper captured the widespr
This morning, good morning. This is bloomberg surveillance on tv and radio. All about the bond market out there allowing the u. S. Downgrade. Some half decent jobs data and the treasury announcing a ton of supply. Yields of every single day this week. This could the board of if we can on the bond market. 10year u. K. , japan, and germany. Higher by six basis points. I wouldnt call it dramatic. Lisa it is not dramatic, the slow bleed upward has gotten new focus as we reached levels that we havent reached going back to last november. You could talk about fitch and the downgrade yesterday but a lot of people view that as an excuse to catalyze the fears of the fiscal overhang of the new borrowing schematic from the u. S. Treasury department which is bigger than people expected. This general concern that if the economy is going to recover, maybe you get a soft landing, maybe no landing. Jonathan excuse to sell or a reason to sell . Lisa it was an excuse to sell for people who werent necessa
Three hours. We came into yesterdays session, its said, saying that the only thing more boy before a long Holiday Weekend is the friday morning. Weve got stronger service pmi print as a readily identifiable trigger. What a need shift, starting yesterday. If you hadnt told anyone that second tier data would trump admit he a, trump nvidia, what happened . Were we to onesided . Was fed speak nervous before the data . I dont know what it is, but it feels like a big sentiment shift. Anxiety around inflation. I put this to chris williams, Companies Remain cautious with respect to the Economic Outlook with Interest Rates also citing geopolitical instability in the president ial election. Pulling back, theres a feeling that the university of Michigan Sentiment survey matters. They may pole five hundred people online through instant messages or whatever else they do, but at the same time if people have deteriorating sentiment, theres a feeling that it will have a bigger impact Going Forward, no
area. good morning on sirius xm channel 119, and good morning on bloomberg television. lisa, london closed, a bank holiday. extraordinary. lisa: they know how to do it, right? where is our bank holiday. tom: labor day is like a week from today. is that true? it is awfully late. labor day that late in september? is it the same kind of labor day? lisa: honestly, what are we all going to be preparing for? the transition from our kids playing video games on the computers to going to class on their computers. the uncertainty is so pervasive this time of year, when typically people are ready to get back to school and back to their social lives. tom: i wonder if back to school part of it. lisa and i talked about this up, down and sideways, but we know you all have your stories and your acquaintances as well. , lisa ise big stories back to the office. this is a raging debate. you see it in new york. this great article featuring jonathan miller of miller samuel over the weekend. faceb
Now a look at west points Oral History Center. Lieutenant colonel david siri teaches history at the u. S. Military academy at west point and also is the director of west points Oral History Center. How long has the Oral History Center been associated with the academy . Its been associated with the academy since about 2007. Ive been the director since 2015, january. What is the value of an oral history . Well, for us, we try to make it accessible to the cadets say s. O. They can use it for their research, but, really, all of our videos, all of our interviews are open sourced so anyone in america can get online, look at our interviews and hopefully learn something about our history from them. Well, as a historian, as a professional historian, whats the place that oral histories hold in the overall study of history . Well, oral histories help add a lot of detail. For example, if youre writing a paper, a book about something, and you find some oral histories, that you can pull information