Dani Burger

Just very quickly, because we're almost out of time, but one of the things that's been remarkable about this very tense geopolitical moment that we're living in is that kind of the price of everything is dependent off energy, including plastics.

What has that done to you?

Packaging, getting more expensive because of what's happening in the Middle East.

It's going to be all mayo and peanut butter sandwiches.

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.