We Just Saw Europe's Biggest Week in Decades

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Odd Lots 33 min 7 speakers 3 chapters transcribed 1 month ago
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Jason Kelly 0:00
Have you ever wondered how Jesse Cole took the Savannah bananas from this? We
Alex Rodriguez 0:04
had a six million dollar failure last year. We're gonna have bigger ones as we go. To this, we've got shareholders, investors I've reached out to us regularly, and the answer is always no. Or why L Duncan would say this about a Netflix sports broadcast.
Scarlett Fu 0:17
Sometimes we're gonna take really big swings and we're gonna freaking whiff.
Alex Rodriguez 0:20
Then the deal is the show for you. It's a Bloomberg podcast hosted by me, Alex Rodriguez. And me, Jason Kelly.
Jason Kelly 0:27
We talk to the biggest names in the world of sports and business, including NBA Hall of Famer Tracy McGrady, on one of his biggest blunders. I think I've created some magical.
Alan May 0:38
Mm-hmm.
Jason Kelly 0:39
Well I struck out. And you'll even get some of my baseball hot takes. I've had owners tell me it doesn't matter, the game has to be fixed, it's broken. If we have to lock out the whole year, we will.
Alex Rodriguez 0:50
New episodes air every Thursday. Don't miss out.
Joe Weisenthal 1:00
Hey Oddlots listeners, we're coming to DC.
Tracy Alloway 1:02
We're finally doing it, Joe. It's gonna be our first live show in Washington, DC, our nation's capital. It's also finally gonna be the time where we actually talk about the Jones Act.
Joe Weisenthal 1:13
We've been talking about doing the Jones Act episode of Odlots for a long time and it's become this recurring joke that we've never done. But we're gonna do it in grand style because we're gonna be doing it live in D C and it's actually gonna be a debate.
Tracy Alloway 1:28
Yeah, so we have Sarah Fuentes from the Transportation Institute. She's gonna be taking the pro side and we also have Colin Greybow of the Cato Institute. He'll be taking the against side. It's gonna be really interesting to see how all of that shakes out.
Joe Weisenthal 1:44
In addition to that, we're gonna be speaking with Blair Levin, who was around during the telecom bubble. And we have Andrew Ferguson, the new head of the FTC, the one who's replaced Lena Khan. We're gonna be talking about mergers and acquisitions and all that stuff. So it should be a really fun night.
Tracy Alloway 1:59
If you want to come and join us for that evening, it's gonna be on March twelfth at the Miracle Theater. Go to Bloomberg.com forward slash oddlots and you can find the link to purchase tickets. We hope to see you there.
Scarlett Fu 2:13
Bloomberg Audio Studios, podcasts, radio, news.
Tracy Alloway 2:29
Hello and welcome to another episode of the Odd Lots Podcast. I'm Tracy Alloway.
Joe Weisenthal 2:34
And I'm Joe Weisenthal.
Tracy Alloway 2:35
Joe, do me a favor and pull up a chart of the ten-year German Bund.
Joe Weisenthal 2:40
Oh yeah. Okay, let's see. German generic ten year bond.
Tracy Alloway 2:46
You don't know the ticker? G
Joe Weisenthal 2:47
bond. You haven't memorized it? No. But we have the beautiful auto fit. Wow, that that is a chart. So You know, back in the beginning of December, the yield was about two percent. It's been climbing. It was about two point four percent at the end of February. And in the last two days, it's rocketed up. It's close to two point nine percent. And I saw a headline yesterday. We're recording this March sixth. Yesterday's move was the largest one day move since basically around the time the uh Berlin well lost.
Tracy Alloway 3:15
Yeah. It's a line that goes straight up.
Joe Weisenthal 3:17
Yes.
Tracy Alloway 3:18
It's a pretty big move, as you mentioned. The Euro is also up against the dollar. European defense stocks have been soaring. There are lots of lines going straight up charts out there relating to Europe.
Joe Weisenthal 3:31
European financials doing really well too. It's like, you know, everyone was so down on everything Europe and then Trump was expected to make those lines go down further and they've just been rocketing up.
Tracy Alloway 3:43
Yeah, and the argument that seems to be happening here is the idea that the possibility of tariffs from the Trump administration and the loss of the US security umbrella are so bad for Europe. That they could turn out to be good in the sense that Europe has to spend lots of money to counteract them. Maybe they integrate some more, and maybe that'll boost growth. And if you think about all the military equipment that they'll need to buy, or maybe the possibility that long-suffering German car makers are gonna pivot into defense or something like that, it kind of makes sense.
Joe Weisenthal 4:17
While I'm gonna say what I'm about to say, you just pull up a chart of the DAX.

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