Dani Burger

How is that balance right now, Lorenzo, specifically with the AI demand?

Is it yet outstripping the availability of these new projects to come online and power them, be it renewables or it be some parts of your business that might be used in order to power it?

Well, you're in DC right now where there's been a big political focus on energy dominance for the United States.

Lorenzo, to what degree has that talk been followed up with action?

Is policy actually accelerating project approvals yet?

Lorenzo, thank you so much for joining us this morning.

Enjoy the rest of your time in Washington, D.C.

Lorenzo Simonelli, CEO of Baker Hughes.

That dichotomy, Rick.

is the most fascinating, well, there's a lot of interesting stuff going on, but it's one of the most fascinating things about this economy, because it's difficult for anyone to say, even with jobs looking very challenging, that we're heading anywhere near a recession, as long as the Mag 7 is spending, what, like 2.1% of GDP on CapEx, as long as a government's running a 6% plus deficit, is this economy gonna be okay, even if the jobs market starts to have some cracks in it?

Well, I just want to jump in about the other hard work you do at Bink and how you're thinking about positioning the fund and where on the curve.

Yield curve just shy of its 2022 highs, somewhat reversed a little bit yesterday, but some of that steepening continues.

We have an incoming Fed chief who's been talking about trying to shrink the balance sheet over at the Fed.

When you think about the rest of this year, are you thinking about changes to Bink at all?

Where do you want to be positioned for the road ahead in fixed income?

News.

One of the giants of deal-making is Brookfield, and its CEO, Bruce Flatt, is an industry titan in his very own right.

This morning, the company announced that Flatt will be stepping down from his post leading the company's $1 trillion asset management business.

He, of course, will stay on as the chair and as well as CEO of the parent company.

I'm pleased to say that Bruce Flatt joins us now for the big picture, an elevated look at the strategies and trends shaping corporate action.