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This is the Bloomberg Surveillance Podcast. I'm Tom Kean, along with Paul Sweeney. Join us each day for insight from the best in economics, finance, investment, and international relations. You can also watch the show live on YouTube. Visit the Bloomberg Podcast channel on YouTube to see the show weekday mornings from 7 to 10 a.m. Eastern from our global headquarters in New York City. Subscribe to the podcast on Apple, Spotify, or anywhere else you listen. And always, I'm Bloomberg Radio, the Bloomberg Terminal, and the Bloomberg Business app. For this introduction, I need to go to a note which was codified in market economics. Long ago at CJ Lawrence, you had a headline and then you had a subhead and then you had a chart. And it was of course a discussion around the chart that led to the invention of modern market economics. And many people would say this began with Ed Hyman and CJ Lawrence just a few years ago. Ed, let me get to your most recent note. Coved it on Wall Street. Remember, folks, we protect the copyright of all of our guests.