Tom Keene

Are you suggesting we get a literal negative real wage?

Claudia Sam, please stay with us as we get the market opening.

Thrilled to have Claudia Sam of New Century Advisors with us.

What's a state, Claudia, that you see of what I'm going to call private non-government investment, which is made up of any number of parts?

What do you see as a state of investment?

Claudia, we've got to run here, but we just had a fancy guy from HBS, and he was talking about vibe coding.

Does Claudia Psalm vibe code?

That sounds like my to-do list for April.

Yeah.

Claudia Somm, thank you, thank you, thank you so much for your commitment to what we're doing here at Bloomberg Surveillance.

Can't say enough about her.

Out of Michigan, we didn't have time there to talk Michigan basketball.

But there it is.

Claudia Assam, thank you so much.

And we really look forward to a jobs day and a Fed Day commitment from her.

Dr. Assam is with New Century Advisors.

But first, a briefing on your Washington, Henrietta Trace, where Ana joins us from Veda Partners this morning.

Henrietta, we could do a two-hour conversation.

I got about eight minutes here as well.

How's the Secretary of Defense doing inside the Beltway?