Single Best Idea with Tom Keene: Rebecca Patterson & Tina Fordham
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Starting last night, I'm going to guess 10 p.m., but really to midnight, we blew up the show once, twice, three times. It was really extraordinary to see the news flow out of Iran, out of Israel, and then to digest it through the markets in a big leap in oil, oil at one point up 12%.

And, you know, it's up 4 or 5 percent as we tape here. Single best idea. We were advantaged with Rebecca Patterson out the council and foreign relations. Rebecca Patterson and the dynamics of oil imports. They rely on oil.

oil and energy imports a lot more than the U.S. We're self-sufficient, effectively, in energy. So they're going to be much more vulnerable to that, as well as just trade between the Middle East and Europe. But I do think the U.S. is

more vulnerable than normal right now because even though the hard data, so to speak, the economy in the U.S. is moderating but still solid, you do have this heightened level of uncertainty among businesses in particular. You're just adding more fuel to that fire with this. If you want business activity to pause, this is going to contribute. Rebecca Patterson there with the Council on Foreign Relations. One of our first calls last night, Tina Fordham, Fordham Global Insights. She was

Absolutely brilliant. Here is Tina Fordham on the divisiveness of America. I think one of the tragedies of the present moment is that every single issue that the U.S. is facing is now left-coded and right-coded in a way which is very bad for the world and for dealing with threats.

I am in this role and in this seat because I think that in order for commerce and financial markets to function, we need safety and stability. And unfortunately, it's very difficult to have those conversations

even on Wall Street anymore without going down some kind of rabbit hole of whether one is defending Ukraine policy or is pro or anti-Israel when what we really need to be looking at as investors is the potential for conflicts to move from regional to systemic to generate shocks to asset prices or to growth and we're not having those conversations anymore Tina Fordham Fordham Global Insight I'd like to tell you that I know where the news flow will be Sunday

I'm certain, I don't know where it will be Monday, please stay with us across all of our platforms internationally as these events unfold. Across the nation on your commute, thank you SiriusXM Channel 121 for that listening. Internationally on Spotify, getting a huge response from that. I don't know much about that, but...

Spotify proving very popular is a way to listen to us internationally. Thank you for that. On YouTube, subscribe to Bloomberg Podcasts. And out at YouTube Podcasts, it's single best idea.

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