Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.
In this episode, we feature conversations with Monica DiCenso, Gautam Mukunda, & Dan Ives.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF
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Single best idea, and thank you for listening to six minutes of what we try to do. We try to make it smart. Sometimes we succeed, other times less. So today's show was lights out. I think we're almost celebrating the unburdening of politics every moment, and that we did some politics today. Of course the President speaking tonight, and we'll do a little bit right here, but we extended this into three voices today just because it was such a rich conversation today. Thank you for listening on YouTube. Subscribe to Bloomberg Podcast. It grows every day. We're just really thrilled with a way that's building out here in the summer of twenty twenty four. Apple CarPlay and Android Auto both platforms coming out with new improved systems, I'm told in the autumn, and that will be a good as well. Bill Dudley for Bloomberg Opinion Today a blistering essay. He shifts forget about higher interest rates, fed's got to stay resilient. Bill Dudley not only says cut rates, but get going. July thirty one, hugely debated topic across the show today and in the coming days to July thirty one. Here's Jane Foley of Rabble Bank.
No, you know, the market's looking at September. The market's comfortable with September. I think if we had July, you know, that would be a real surprise and we would see the Dolocus react to that as well as other asset markets. But the question is are we in a period when the Federal Reserve wants to shock the market, And I would say, you know, probably not. I mean, there are some central banks that want to shot the market. This was Central Bank for instance. This year twice has managed to shock the market too. It's as advantage. It's managed to weaken its currency, which is you know, like a real present really for the S and B, real gift from the market to allow it to be surprised by the SMB. But just to say I want to surprise the market, I would say not so. I think maybe the most we would get is a much more positive signal that September is only the way Jane.
Folliot Robobank there, it's a really interesting source of topic to see Bill Dudley shift. I can't emphasize how doctor Dudley has been so out front. I think a Muhammad al Arian, the City Group combine. They just said Stephile Lindsay Pieg's the same idea, just incredibly out front on rates higher for longer. A big shift today from Bill Dudley, and there's Jane Foley talking about it through the prism of the foreign exchange market. One of the heritage things we try to do, not every day is get people steeped in academics on the issues at hand. Two years ago, got mcunda out of Mit Harvard now ye lecturer, came out with a book about picking presidents. The idea of getting out front eighteen months or two years and where all of us are right now was just studying. We opened with Harry Truman. Here is Gota mccunda on our politics of twenty twenty four.
So I got a text from a very very senior Republican this morning saying this is a quote I stand corrected. I thought she would be a disaster, and this has been the best three day rollout she could possibly have had. I think he will find a way to respond. I would never underestimate Donald Trump's cunning, but his standard attacks are really going to run into problems here because by running against a black woman, the sort of dog whistle of politics that he's that he's used to. He's going to be really tempted to go over the line. And we've already seen a bunch of House Republicans start calling her, you know, a DEI candidate, things like that, Just to put this in perspective. Six years as Attorney General, four years of senator, four years as Vice president. She is way more qualified than you know Jade Vans or Hey, George W.
Bush not that long ago, got him and Conda associated with Yale University, and let's not forget Fletcher schoolwork and others. He's a force up in New England and really can't say enough about his book, Shocking Depression Picking Presidents. The next voice is someone familiar. He walked in the studio today. It looked like a tablecloth from williams Sonomo he's wearing. You know it is. It's Dan Ives talking here in technology, Paul had to ask him about Tesla and Google. What I wanted to know from dan Ives is AI artificial intelligence. Do you put the different companies in different buckets? And if you partition AI, which is the company, It's like the conservative play is there a measured play to AI.
It's that company in Redmond in the Nadella and Microsoft that is right now the best bet in terms of AI. In terms of where we see on spending, Azure co Pilot, it's kind of there world everyone else paying rent from an AI perspective, Google narrow in the gap, but it just goes back. We have a trillion dollars of spend. So if you want to sell it on these kind of knee jerk reactions, go ahead. Bulls will buy them.
Dan Iaah. We talked about some of the parts too on Apple. All that coming out in the vicinity of July thirty August. First pro tip on the Bloomberg terminal, to figure out when a company has earnings, you go, in the case of Microsoft ms FT, the yellow equity button. You hit des for description and write smack dab in the middle of the screen will be the earning state. I do this all the time. I only know three functions on the terminal, but I do that all the time just to try to figure out one is Apple, one is Microsoft, when is amalgamated? Chin strap and all. We're out on YouTube, We're out on Apple CarPlay, We're at an Android auto on Apple Podcasts, Single best
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