Single Best Idea with Tom Keene: Joe Mysak & David Gura

Published Jun 27, 2024, 5:00 PM

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Joe Mysak & David Gura.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF 

Bloomberg Audio Studios, podcasts, radio news.

Single best idea and this is honor of Joseph Mysik. There are journalists and then there are real journalists. Many people think I'm a journalist. Well, you know what, folks, there are real journalists, people like the late Mark Pittman Fred Weigold at Bloomberg. And one of them clearly in that category is Joe Mice. It is forty years plus of grinding work in the bondmarket. He was iconic at Bonbeyer. Matt Winkler, a bond guy at heart, the founder of Bloomberg News, called up the bond guy at Bonbeyer and said, come on over. He's health court at Bloomberg for a long line time. Joe Isaac retires. He's working on a wonderful and I should say important project with Tom Wolf, the late Tom Wolf. And you'll see something on that in a couple of years here. But Joe Meiak retiring today. And we took a very careful view of New York City, the New York City of nineteen seventy five. Drop dead in the New York City. Now the governor said, no congestion tax is its civil crisis. Let's listen.

You know, this is just a very short term spasm, if you will, a political spasm. I think that congestion pricing has been sort of the argument for it has been proven. Anyone who goes out in the New York City streets and highways now can see that. So I'm not overly concerned. It's funny people want to think right now that there's an immediate impact on the subway system, but in fact, no on Thursdays, Thursdays and Fridays, subways or a pleasant ride in.

Joe Isaac encyclopedic on all the different things. California going under Joe Mysik said no, Illinois going under. Joe my six said no. I remember Denver Airport the luggage didn't work or something. Joe Isaac said no. And those are the kind of crises that are out there. Here's Joe Mysik on the state of play in Manhattan.

Oh. Absolutely, after the financial crisis. There's so many safeguards put in place for investors, and there's so many you know, you could have the state and the various oversight boards a snap into action. Right now. It's not needed because New York City makes so much money. But I wanted to bring up a phrase silly as eggs. I only caught that little bit of it, but I think I'm going to adopt it from now on.

Oh, we talked about eggs today. We bring us up. This is important and I'll digress here off of the great work of Joe my Sick. There is inflation. There is disinflation, which is a lesser inflation. There is deflation, which is price decline. And Gary Schilling, the giant on deflation, would say there are two types of deflation, good and bad deflation. There's a thing that's sort of cosmic and theoretical called reflation, where you reflate an economy. That's what Japan is doing right now. Some say failing, some say maybe succeeding. Daryl Meyer of the HSBC was just brilliant on the reflation optimism of Japan. While they intervene, he thinks Friday, they won't even get the Sunday. And he's pretty constructive on intervention as well. But the idea here of price change, and so we try to bring it down to the real world. And Lisa Matteo has been absolutely brilliant on eggs is just a core commodity. What do they cost from she's buying like five six dozen and she's down under three dollars a dozen. I think, I mean, it's amazing what she's doing. And then Dana Peterson at conference Board is looking at nine dollars ninety nine cents per dozen eggs, and we get a huge response thank you out on YouTube on the live chat for that response, and has even Joe Maiesk picked up on it. Having a forty dollars I'm on at the four Seasons Hotel in Atlanta. Is our David Gurra with our debate coverage tonight, we spoke to mister Gurra.

They're talking to the same people and those are sort of working class people. And like Pennsylvania is interesting too because you've got, you know, this huge population of workers stealing the still in the steel business, and you know that's this is this is a group of people that Joe Biden claims to come from and wants to embrace. Donald Trump of course, has appealed to them as well through his tariff's policy. So yeah, I think it's a you can bring that up for kind of like a random raise of course how the pirates are doing. But I think that it's actually a very important state because it's a really going to be a really fought over battleground state for these two candidates going forward, and you know, we'll see how much these messages resonate. I think it is a state in which there probably aren't as many swing voters as you would have in others.

I think President Biden's got to go to Pennsylvania tonight with his Scranton heritage as well. We'll see what former President Trump does as well. Well. Of all our coverage tonight, if you're listening up to eight pm, Joe, Matthew, Kayley Lines and mister Gura in Atlanta with our debate cover different twisted analysis than what you're going to see on so many other networks. We're on YouTube, search and subscribe to Bloomberg Podcast. It's easy. Just type it in and there it is. Click on it three hours as a replay of the three hours as well. Android Auto Apple car Play I hear big news Coopertino tells me that there's going to be a whole new Apple car play coming out. I guess you could talk to your talk to your dashboard and you'll be able to get Carol Masser and Tim Stevenovic there as well, from New York City on Apple Podcasts six minutes as smart as a single, best Idea

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