Hello.

Welcome to Slate Money, your guide to the business and finance news of the week.

My name is Felix Salmon.

I work at Bloomberg. I am here with Elizabeth Spires

of New York Times. I am here with Emily Peck-Nave-Freedlander of Axios. Hello, hello. We are going to

go down memory road, Emily, you and I. Memory Road. Let's go. And talk a little bit about back when you were Emily Friedlander and what we used to get up to back in the day.

We are also going to talk about bad bunny.

We are going to lead with a whole segment on the Google Century Bond and do nerdy bond math because we love doing that kind of thing.

We're going to talk about tariffs.

We have a fire take from Emily, hot fire take from Emily, explaining, and by the way,

she is right about this, explaining why the Trump Tariffs are good somehow.

We have a slate plus segment on Johnny Ive, who apparently designed the Ferrari.

It's a fun one this week.

Well, it's a nerdy one this week.

And in this house, nerdy is fun.

So stay tuned.

It's all coming up on Slate Money. All right, so this is one of the bits where I get to nerd out about the bond market.

A million years ago, even before I started writing for Emily Friedlander at IP Law & Business.

I was a bond market reporter.

And bonds have a price and they have a yield.

And one of the things that you often read in the fixed income stories is the price and

yield move in the opposite direction.

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