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Speaker 1: Bloomberg Audio Studios, Podcasts, radio news, A single best idea

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Speaker 1: on an extraordinary Thursday. David Gura, thank you at the

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Speaker 1: last moment, coming in on the Chairman of the FED,

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Speaker 1: the next Chairman of the Fed. All that discussion. Anna

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Speaker 1: Wong was wonderful as well from Bloomberg Economics, and on

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Speaker 1: and on we go with the FED parlor game. There

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Speaker 1: is a season for outlooks and we are knee deep

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Speaker 1: into it. Lisa Schallotte showed up from Morgan Stanley. She's

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Speaker 1: been a huge value add for the program. Prodigious mathematical

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Speaker 1: abilities out of Brown University. Here's Lisa Schllett. Next year

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Speaker 1: will be different.

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Speaker 2: The key to navigating in twenty twenty six is having

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Speaker 2: realistic expectations. Our best guess is that we've got another

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Speaker 2: enough fuel in the pipe to drive ten twelve percent

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Speaker 2: year over year growth, which is very, very good. What

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Speaker 2: we caution against is that investors get you know, two

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Speaker 2: out over their skis, assuming that the stimulus of rate cuts,

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Speaker 2: tax cuts and financial market deregulation are going to drive

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Speaker 2: things like fifteen or twenty percent. It's just, you know,

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Speaker 2: let's have realistic expectations.

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Speaker 1: Lisa Shellett there on double digit earnings growth. Shout out

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Speaker 1: to Gina Martin Adams. We're going to get her on

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Speaker 1: here in a bit. She's been brilliant about this continued

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Speaker 1: earning and margin surprise. Maybe that's the key question for

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Speaker 1: Q one Q two of next year. Some of the

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Speaker 1: sausage making that we do here is simple. We have

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Speaker 1: emails for each on the Bloomberg terminal, each of our guests,

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Speaker 1: and when you open the email, it's got their name

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Speaker 1: and their title because I can't remember any of that,

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Speaker 1: and then it has a bio. One of the great

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Speaker 1: ideas here sausage making at Bloomberg Surveillance is how we

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Speaker 1: prepare for the guests. We have name, title, and then

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Speaker 1: we have a bio. Aaron McLoughlin at the Conference Board

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Speaker 1: has one of the most twisted resumes of anyone we

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Speaker 1: have on the show. She has prodigious transportation in engineering

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Speaker 1: academics wrapped into economics. She's extremely unique. We love having

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Speaker 1: her in Yes on what the Conference Board sees, but

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Speaker 1: so much else on the infrastructure of America. McLoughlin on

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Speaker 1: the view forward, I.

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Speaker 3: Think there's a lot of fact I think it goes

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Speaker 3: back to the decision making. So why would you decide,

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Speaker 3: and we hear this from our companies that are members

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Speaker 3: at the Conference Board, why would you decide to onshore

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Speaker 3: or to near shore or change your supply chain? If

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Speaker 3: big trade decisions have not really been made with China,

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Speaker 3: Mexico and Canada, those are all still sort of on

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Speaker 3: the back burner until you second third quarter next year.

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Speaker 1: Aaron McLoughlin, the Conference Board. We're on Apple, on Spotify,

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Speaker 1: on YouTube podcasts, Single best Idea

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Speaker 2: MHM