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Single best idea. And we'll do this quickly here is just a really eclectic interesting market in the jobs day tomorrow we'll go beneath the headline data at 830 today we did a broader

view in with torsten sloch at deutche bank and definitive for years there and then over to

Apollo global management really hold the cord just did a beautiful thing with joe at Deutsche Bank and definitive for years there, and then over to Apollo Global Management,

really hold the court.

Just did a beautiful thing with Joe and Tracy out at Adlots.

But we talked to him about something timeless, the old world versus the new world.

Torsten Slok on how America's different from Europe.

The bankruptcy laws also in the U.S. give you, quote-un-a-quote, a second chance.

Bankruptcy laws in most of European countries do not give you a second chance.

That's all these issues about recourse, non-recaused. If I go bankrupt in the U.S., I can have a clean slate.

I can start a new business. In many European countries, if I go bankrupt, I owe people money for decades. So that's why this whole issue of how quickly can you come out of bankruptcy codes, can you start a new business, how dynamic is your economy? All these things are really important for the Europeans. And I think they're moving in the right direction on a number of different fronts, but unfortunately it's just not moving fast enough because as we all know and as we exactly talk

about here, the U.S. is just ahead, especially in this case when it comes to AI.

Tersten Slack and he has been very optimistic about the productivity story and artificial

...