David Gura

You spoke with him after the Democratic primary, and I wonder if you could kind of characterize what that conversation was like.

You say it's neither here nor there that he could be the first Muslim mayor of New York, and I'll go with your hierarchy, London and New York, these two major cities.

What did you tell him about what that is like?

You were the first Muslim mayor of London.

What that means?

With your mayorality and perhaps his, there is an element of being the mayor of London or New York that is a global responsibility.

You're here in Brazil.

How much of that is a surprise to you?

And how much do you think about the role of London on the global stage?

Last question kind of playing off of this, in New York in this campaign there's a lot of warning from a lot of wealthier New Yorkers saying that people will leave the city were he to win, if the city were to get too progressive as they see it.

We had Nigel Farage issuing the same warning in London today, that there's a chance that people who are of means in London might elect to lead if we go farther to the left there.

Your response to that warning or that proposed trend?

Gold massively outperforming stocks.

I wanted to go there because this is not the correlation that we're accustomed to.

And as we talk about kind of the uniqueness of this moment, perhaps the weirdness of this moment, what does that tell you?

How does that kind of shape the way that you're looking at these markets?

As we think about the potential for froth or bubbles,

What's the time horizon that you're looking at?

What's the time by which these companies have to kind of find the proof in the pudding here that what they're doing is actually leading to something that's beyond just significant capex over and over again?

At least a few minutes ago, you mentioned dollar strength or dollar weakness.