WEBVTT - Single Best Idea with Tom Keene: John Stoltzfus & Dan Tannebaum

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>Single best idea. It's going to be a short edition

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<v Speaker 2>because I have to communic host midtown given the UN meetings. Uh,

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<v Speaker 2>that's a challenge to say. At the least New York City.

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<v Speaker 2>The island of Manhattan is just packed with dignitaries and

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<v Speaker 2>escorts and blocks shut down in the rest. Tomorrow, David

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<v Speaker 2>Goer and myself at the Earthshot Innovation Awards at the

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<v Speaker 2>Park A Plaza Hotel, with good conversations with a solid

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<v Speaker 2>tilt towards geopolitics and international relations. On the market now,

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<v Speaker 2>John Stolfus an important voice. He's at OpCo with decades

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<v Speaker 2>of experience. It's not so much that he's a bull.

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<v Speaker 2>It's not so much that he said be in the market.

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<v Speaker 2>It's as Stolfus is rationalized through the might of the

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<v Speaker 2>American economy. He continues that view. Here is John Stulphus

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<v Speaker 2>of OpCo.

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<v Speaker 3>You know, Tom, I usually prefer to do that in

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<v Speaker 3>December because but then and this year we'll be beyond

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<v Speaker 3>the election. But I would suspect likely higher as long

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<v Speaker 3>as we don't get that. Barton Biggs and the old

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<v Speaker 3>days would have called a bolt from the blue or

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<v Speaker 3>a socked to the jaw. We'd have to think that

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<v Speaker 3>things are just basically improving if we can just keep

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<v Speaker 3>it moderate growth with resilience in jobs and economic growth

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<v Speaker 3>in corporate earnings. I think we're good to go as

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<v Speaker 3>long as we avoid getting complacent, and as long as

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<v Speaker 3>we can avoid having the bolt from the blue hit US.

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<v Speaker 3>I think considerably higher and well beyond the fifty nine

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<v Speaker 3>hundred target.

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<v Speaker 2>Probably John Sofas with OpCo. Matthew Winkler, the founder of

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<v Speaker 2>Bloomberg News, joined us today for spirited discussion on the

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<v Speaker 2>state of a swing state, Wisconsin, and in that conversation,

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<v Speaker 2>Matt Winkler highlighted how everyone's been wrong over the last

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<v Speaker 2>eighteen months within polling over the state of the American consumer.

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<v Speaker 2>John Sophizer continuing the theme of resilience, a decent economy,

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<v Speaker 2>a solid economy. I don't know, but little talk there

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<v Speaker 2>of a recession, A talk incredibly challenging geopolitics at this time.

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<v Speaker 2>We touch upon it. David Gerr's been a foundation to

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<v Speaker 2>our coverage there. But over the weekend, just what was

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<v Speaker 2>witnessed with the new fear of all this technology on

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<v Speaker 2>the border of northern Lebanton, pagers and walkie talkies and

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<v Speaker 2>all that. What a joy to speak to Daniel Tannenbaum

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<v Speaker 2>today at Oliver Wyman. He's truly expert on geopolitics, our

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<v Speaker 2>fears summed up over decades, and much of it wrapped

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<v Speaker 2>around the idea of sanctions in their efficacy over the

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<v Speaker 2>war in Ukraine. Here's Dan Tannembaum in these uncertain times

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<v Speaker 2>on sanctions.

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<v Speaker 1>That's a bit of the question that I'm hearing and

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<v Speaker 1>that I'm having discussions with people throughout the week, is

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<v Speaker 1>have US sanctions lost their potency? If I think about

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<v Speaker 1>before the Iran deal was enacted and then ultimately scrapped,

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<v Speaker 1>there was a pretty healthy fear in most pockets of

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<v Speaker 1>the world of being on the wrong side of US

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<v Speaker 1>sanctions because the fines were substantial, the embarrassment was significant.

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<v Speaker 1>With Russia, I'm not seeing the same fear Venezuela. We

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<v Speaker 1>continue to sanction from a US standpoint, but Durou still

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<v Speaker 1>in power. So how do you actually bring the fear

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<v Speaker 1>factor back to sanctions?

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<v Speaker 2>Daniel Tanbaum Oliver why I'm in there and his expertise sanctions,

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<v Speaker 2>and he was really brilliant on the uncertainty to supply

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<v Speaker 2>chains given some of our geopolitics, and of course that

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<v Speaker 2>addressed here in New York in a coming hours and

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<v Speaker 2>days at the UN meetings. We're on YouTube subscribed Bloomberg

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<v Speaker 2>podcasts and your commute beforehand on Serious XM, on Apple

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<v Speaker 2>car Play, Android Auto, new technology across this nation and worldwide.

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<v Speaker 2>I should point out as well, good morning to all

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<v Speaker 2>ninety nine one FM in Washington, our flagship and congested

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<v Speaker 2>New York Bloomberg eleven three to zero, and I should

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<v Speaker 2>point out in ninety nine FM in Boston we did

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<v Speaker 2>touch upon the fact that Boston College won this weekend

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<v Speaker 2>on Apple Podcasts, on YouTube podcasts single best Idea,