Bill, it's always a pleasure. Thanks for making time to chat with us. Bill Lee there. He is the chief economist, also executive director at the Milken Institute.

Join Capital Group CEO, Mike Gitlin, on the Capital Ideas Podcast. Investment professionals reveal how they find their next great idea, what gives them their investment edge, and a few personal stories. Subscribe wherever you get your podcasts. Capital Client Group, Inc. Success

is more than the final destination. It's a path you take one step at a time. It's discipline. It's teamwork. And it's the drive and passion inside of us that comes before all recognition. It's what Stiefel's been doing for over 130 years. Quietly, yet strategically, Stiefel's become one of the fastest growing wealth management and investment banking firms in the country. Our financial advisors go beyond traditional wealth management to provide clients with direct access to one of the industry's largest equity research franchises and a leading middle market investment bank. Because success is the drive it takes to keep climbing, the passion to keep investing, the best of each of us made better by the best in all of us. And that is where success meets success. Start your journey at stiefel.com. That's stiefel.com.

Stefl Nicholas and Company Incorporated. Member SIPC and NYSE.

Let's get to Sydney bring in Bloomberg's Michael Heath. He is an eco-gov editor. We're going to be talking now about the latest developments where Israel and Hezbollah are concerned. Michael, it's always a pleasure. Thanks for making time to chat with us. I guess both sides are kind of claiming credit, aren't they?