Business stories aren't just about business. They're also about policy, politics, finance, and more.

With Bloomberg, you stay informed on global coverage that connects the dots.

The Bloomberg mobile app now features Apple Car Play and Android Auto so you can get the latest live radio,

podcasts and audio articles in the car. Download the Bloomberg Mobile App now to get started.

Find it in the Apple App Store or on Google Play.

Bloomberg in-car apps are sponsored by interactive brokers.

Brought you by Bank of America, Mary Lynch, investing in local communities, economies in a sustainable future.

That's the power of global connections, Mary Lynch Pierce Fenner and Smith, Inc. Member SIPC. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura.

Daily, we bring you insight from the best in economics, finance, investment, and

international relations, find Bloomberg surveillance on iTunes, soundcloud

Bloomberg.com and of course on the Bloomberg. And of course, on the Bloomberg.

Rob Carnell joins us now. He's ING's chief international economist joining us here in Bloomberg's European

Headquarters in London and let's just take stock of where things stand right now

the swoon that we've seen about the prospects for new economic policy coming

from President-elect Donald Trump. Are we seeing the markets treat that more soberly?

Now there was such wild enthusiasm after the elections.

Are we seeing some re-evaluation or taking stock of the fact that it may not happen as people would

like it to happen or may not happen as quickly.

Well, we certainly don't think it'll happen quite as quickly or quite to the extent that I think people thought in the

immediate aftermath of the election result.

However, we will over the next couple of weeks get the

the president's budget, you know, which is you know a kind of Christmas present

...