Bloomberg播客：30年期美债收益率飙升与中期选举数据中心争议

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This is the Bloomberg Money podcast. I'm Tom Keene with Charlotte Foo. Join us each week for a smart look at the forces shaping your financial life on personal finance, on retirement, and wealth management. We will explore how people are earning, investing, and building wealth. We are live Fridays at noon Eastern on Bloomberg Television. Subscribe to the podcast wherever you listen, and as always on the Bloomberg terminal and the Bloomberg Business app.

Nikki Waller joins us driving all of our personal finance coverage. It seems like every day there's a germane story out there

[snorts]

really to lean into. David Gura, Bloomberg this weekend program note, Tom Keene will appear with David Gura on Sunday. I'm coming in on Sunday to actually hold preview. It's too much.

gosh.

My people located about an hour ago.

[laughter]

And joining us, we are thrilled to bring you Sarah Fryer driving so much of our technology coverage. She changed the dialogue on social media a few years ago. She figured out Instagram before anybody else. Her book just hugely, hugely successful. If you wrote your book today, how would it be different?

Well, so much is changing about the way we consume information. I feel like the the biggest change for all of us is that it's become a more passive experience. That when we look at our devices, we go on, we we may not have an idea of what we want to find. We're being told what we we should find. The critical thinking is is out of the picture.

Okay, I I feel that way every day, but on no filter, AI's our new filter, right?

It is It is. It's making decisions for us on on what we should care about, how we should think about it, and that takes away um the decision-making on our parts about what we want to know, why we walk walked into using our phones in the first place. Um so, I think that that's that's the moment we're in where we we need to really think about what we're trying to accomplish when we use our technology, and and probably if I were to

You see what they did in France? They tried to ban social media in France.

Can you do that, though? Does that actually work?

the judges, the courts tried to

are kids going to do? Social media is banned, they're going to talk to their chatbots. You think they're going to go play outside?

Or they could hang out.

They could hang out.

to have a conversation with their kids.

[laughter]

Make a note. Can I pencil you in for a conversation Wednesday?

Exactly.

it is.

Well, let's stick with this tech theme a little bit here, David Gorodetzky, because technology is coming up as a issue in the midterm elections. Data centers comes up a lot, and it seems like voters hate data centers, whether you're on the left or the right, and the politicians, the elected officials, are picking up on that as we head towards the midterms.

Yeah, a fascinating note by Michael Hartnett last week from Bank of America. He, of course, coined the Magnificent Seven moniker, but he he wrote about the prospects for there being a longer-lasting bubble, depending on how the election results in Texas turn out. So, Greg Abbott, of course, very pro data centers. We've seen a lot of them crop up, more in the works in in Texas. Um Michael Hartnett and his team saying, were he to be elected, that would extend the life of the cycle that we're in right now.

But, you're absolutely right. This is something that I think is galvanizing a lot of people. The prospects of these things being in in their backyards is something that's really agitating a lot of people.

Right, because these data centers supposedly bring about higher utility bills, water bills, electricity bills. They're noisy, maybe they cause cancer.

a lot of jobs after the initial construction of them.

Are we really saying they cause cancer?

but there's a lot of talk on social media, and I mean, I don't know if it's true or not, but this is kind of the conversation. David, just stay with the midterms for a minute because there's been some primaries and I I wonder what the takeaway is because you have Donald Trump's Republicans versus what feels like increasingly unmoored Democrats.

Yeah, although I think that the Democratic Party's kind of coalescing here. There was a little bit of agita at the beginning here. Is there going to be this split within the Democratic Party? I think that that narrative has kind of fallen to the wayside a little bit, but I'm watching President Trump making his way to South Carolina today to campaign for the late Lindsey Graham's sister and there's going to be a parade of other kind of Republican dignitaries with him.

I now think that the focus Now now the split that I'm looking at is within the Republican Party, those who have sided with President Trump often at their own peril now having to make the case for his policies when it seems like there isn't a whole lot there on the

20 seconds. I got to get to Miss Waller. 20 seconds. Does the far left want America to create wealth?

Yes, I think but they want that wealth to be more widely shared and so I think look the economy is doing relatively well by many measures, but the way that it's distributed something that I think that they care about.

Okay, I we're going back to normal Bloomberg coverage. It's the 30-year bond is coming up. My God, Nikki, what does this new nascent yield mean for our personal finance? There's got to be a seismic shift this week.

Well, you know, I think bonds used to be pretty drama-free and the game board is changing for investors right now. I think one way to simpl