Jonathan Ferro

Tom, the biggest risk to the GDP growth we've discussed over the last 12 months are the populist remedies the White House might introduce to try and correct the K. One of those issues we've talked about for the last few months, the last month or so, has been the introduction of a cap on interest rates on credit cards.

That could have the complete opposite intended effect of chilling financial conditions, of tightening credit availability.

And they're the kind of things at the moment, this administration, TK, they're the kind of things they're thinking about.

Torsten, this just in from Hugh Van Steenis of Oliver Wyman.

I'm sure you know him.

He wants us to start a podcast.

I want to know if Mark Rowan will give up Torsten once a week so we can do a little podcast together.

He likes the last hour so much.

First guest could be Hugh Van Steenis.

Do you think Mark or Jim will get on board with that?

Can we have you once a week?

Can you write the check?

Have we got a budget in the surveillance?

Yeah, I can work it out.

We'll try and make that happen.

Torsten, this was a pleasure.

Thank you, sir.

Thank you.

Torsten Slogg there of Apollo.

So here's the latest this morning.