Here's your summary from Athey: Have concerns about European fiscal policy (https://www.youtube.com/watch?v=X3XCj6DlY_A) on the Bloomberg Television channel:

### TLDR:

Concerns about European fiscal policy and US fiscal trajectory discussed, with a focus on France and Italy's debt loads and the US budget deficit.

### Key Points:

1. European fixed income widened after a shock election announcement, leading to concerns about fiscal trajectory in France and Italy.

2. US budget deficit of 6.3% and debt to GDP of 124% raise concerns about fiscal sustainability and lack of political will to address the issue.

3. Expectations for the Federal Reserve's future actions, including potential changes in interest rates and the impact on the market.

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