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Bloomberg Audio Studios.

Podcasts, Radio, News.

This is the Bloomberg Surveillance Podcast. I'm Jonathan Ferro, along with Lisa Abramwitz

and Anne-Marie Hordern. Join us each day for insight from the best in markets, economics and geopolitics.

From our global headquarters in New York City, we are live on Bloomberg Television

weekday mornings from 6 to 9 a.m. Eastern.

Subscribe to the podcast on Apple, Spotify or anywhere else you listen. And as always, on the

Bloomberg Terminal and the Bloomberg Business App. So here's the latest this morning.

US manufacturing activity expanding at its fastest pace in four years. Investors are waiting

more data to reinforce bets on the path for interest rates.

Kit Jukes of Salken writing, while President Trump's hopes for Fed easing may be disappointed,

hikes are off the table for now. Kit Jukes joins us for more. Kit, welcome to the program, buddy.

Good to see you. My apologies about the result over the weekend. I'll squeeze that into the end of the

conversation, Kit. How high is that

...