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And context changes everything. Go to Bloomberg.com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

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We are privileged to have with us this morning someone with a substantial understanding and read in on our international economics and politics with Citigroup

their chief global political analyst Tina Fordham in our London studios. An extraordinary day and history being made, your

evil task is you have to sort it out and write a memo. Get out front of

Catherine Mann and Villam Bouder and give us a briefing on how you

will write this up today for Citigroup London. Well, it wouldn't surprise you for me to say that I'll refer back to what I've been saying all along.

Trump wants to change the international order and even before he took office, of course we were talking about pressures on the post-war

international system. Trump has accelerated that. Perhaps you know the

obituary for NATO has been written many times before by the way and NATO comes out of this

with a more robust budget but one of the most striking things about this for me is is how much President Trump was telegraphing certain

headlines back to the domestic audience ahead of midterms and that was I shook

down everybody in that room.

Everybody ended up happy.

Everybody was happy.

And the US is no longer paying the freight

for what we used to call the peace dividend here in Europe.

Part of this is his own style and there's people that agree with his style.

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