To bloomberg. Joe sure. Francine can you tell us about that first day you started at siemens . Joe it has been a while, obviously, but i was coming into siemens and i thought, oh, my god, they have abbreviations for everything, i dont know nothing anymore about what i studied. So it was quite an experience. Francine going into it, what did you think . Did you think this is a company i want to work for for a long time . Joe i had multiple opportunities. I was interviewing a different places, but then i thought siemens at that time was still in the semiconductor business, the electronic business. I thought this is really cool. They were about to develop this one chip, so it felt pretty cool. So i said, yeah, siemens. That is where i want to be. Francine how has the Company Changed . Joe it is like day and night, really. I was coming into a manufacturing environment, it was about customers. About production and process and cost efficiency, and there was a very technologically focused comp
To bloomberg. Joe sure. Francine can you tell us about that first day you started at siemens . Joe it has been a while, obviously, but i was coming into siemens and i thought, oh, my god, they have abbreviations for everything, i dont know nothing anymore about what i studied. So it was quite an experience. Francine going into it, what did you think . Did you think this is a company i want to work for for a long time . Joe i had multiple opportunities. I was interviewing a different places, but then i thought siemens at that time was still in the semiconductor business, the electronic business. I thought this is really cool. They were about to develop this one chip, so it felt pretty cool. So i said, yeah, siemens. That is where i want to be. Francine how has the Company Changed . Joe it is like day and night, really. I was coming into a manufacturing environment, it was about customers. About production and process and cost efficiency, and there was a very technologically focused comp
I do not think it dissuades the fed from doing what they had planned to do. The fact that inflation is being made out the way it is and the decision could be driven by it, i assume that they will not be data dependent. It is going to be employment and other things driven, which is doing very well. The fact that they may not tighten or may take remedial measures because of low inflation, that is news. Yellen is getting dovish and it plays into that trend. The market has gotten a little short as well. That also plays into it. I think this is a fed the has to wait until they see the whites of the eyes of inflation before they raise rates again. I think we have to understand what kind of environment we are and it is still supportive of being in risk assets. Theres a lot of complacency in the risk market and i wonder when the fed actually does raise rates and does start to reduce the Balance Sheet if the market does not have to go through some sort of readjustment process. Jonathan joining
Im pleased to have them back at the table. Whats going on . [laughter] whats happening in america . Mark i have been traveling a little bit lately outside of washington and its clear that the velocity and pure insanity of events taking place in washington are captivating elites around the country. Theres no doubt weve never seen anything like it. Charlie underline elites. Mark elites, because as ive traveled around the country, whether Trump Supporters or trump points, theyre not paying nearly as much attention to this stuff as we are so its clear this is an extraordinary period in American History and that the president is doing things weve not seen in our lifetime or maybe the history of the planet and theres the trump reality show and then theres reality and reality in america, is still going on. Economy is still going along. Kids are still going to school. Stuffs still happening but the trump reality show now is dominating the thinking of elites, popular culture, everything else. C
I do not think it dissuades the fed from doing what they had planned to do. The fact that inflation is being made out the way it is and the decision could be driven by it, i assume that they will not be data dependent. It is going to be employment and other things driven, which is doing very well. The fact that they may not tighten or may take remedial measures because of low inflation, that is news. Yellen is getting dovish and it plays into that trend. The market has gotten a little short as well. That also plays into it. I think this is a fed the has to wait until they see the whites of the eyes of inflation before they raise rates again. I think we have to understand what kind of environment we are and it is still supportive of being in risk assets. Theres a lot of complacency in the risk market and i wonder when the fed actually does raise rates and does start to reduce the Balance Sheet if the market does not have to go through some sort of readjustment process. Jonathan joining