Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The single best idea.
Speaker 1: I'm going to be quick here. Everyone here exhausted by
Speaker 1: twenty four to seven, trying to fit in the guests
Speaker 1: in a quiet December, and literally the fourteen stories that
Speaker 1: are out there. Of course in this Tri state area,
Speaker 1: with the leadership of John Tucker and Michael Barr, were
Speaker 1: covering this terrible shooting at the Hilton Hotel. But far
Speaker 1: more it is international relations. What we saw in France
Speaker 1: Francine Lacroix conversation today with Marine Le penn and of
Speaker 1: course in Korea as well. We've been focused on France,
Speaker 1: but here on North and South Korea. In our President
Speaker 1: elect Richard.
Speaker 2: Hass Like the South Korean relationship with President Donald Trump
Speaker 2: was was one of the worst relations between an American
Speaker 2: ally and the United States. President really pushed hard about
Speaker 2: why wasn't South Korea doing more to pay for US
Speaker 2: troops there, concerns about the trade and balance and and
Speaker 2: so forth so much and by the way, and threaten
Speaker 2: to pull US forces out of South Korea. So if
Speaker 2: he were to once again ratchet up the pressure, I
Speaker 2: think the most likely reaction would be that South Korea
Speaker 2: would think very seriously, indeed about developing nuclear weapons of
Speaker 2: its own if it came to lose faith in the
Speaker 2: United States. And that's the sort of thing that, among
Speaker 2: other things, could cause a real crisis with China. So
Speaker 2: there's a lot of potential dynamics.
Speaker 1: Here over the holidays season. You know, you got the
Speaker 1: kids at home and they're just like being mouthy or
Speaker 1: whatever his kids can be. Throw them, don't hit them
Speaker 1: in the head, but throw a Richard has book at them.
Speaker 1: Go out to Amazon and look for Richard hass h
Speaker 1: aa ss and he's got some wonderful, short, readable books
Speaker 1: on America and on our civics. Can't say enough about those.
Speaker 1: We had too many names to pick today. Wendy Schiller
Speaker 1: was just brilliant on a fractured US Senate what we're
Speaker 1: seeing within the transition from Biden to Trump. But just
Speaker 1: as interesting from Canada. David Rosenberg join us, and this
Speaker 1: is important. He's been very cautious over the years, and
Speaker 1: there was a bullish tinge and optimism to David Rosenberg
Speaker 1: his call on the market.
Speaker 3: I'm still concerned over market positioning and sentiment is off
Speaker 3: the charts, and I am expecting in your term correction.
Speaker 3: The question is what you do if we get the
Speaker 3: debt And I think that you'd want to buy the debt.
Speaker 3: And I say that because I've been calling this a
Speaker 3: bubble for a while. But it's maybe a bubble if
Speaker 3: you look at trailing P multiples or one year four
Speaker 3: P multiples. But if in fact we've had an inflection
Speaker 3: point on the technology curve, if we've had a model
Speaker 3: shift when it comes to what AI is going to
Speaker 3: deliver in terms of future profitability and productivity, I'm thinking
Speaker 3: that the market is sending you a message that it
Speaker 3: has taken that investors a base, a lengthen their time horisons.
Speaker 3: So all the classic evaluation metrics that I've been using,
Speaker 3: I'm not going to say they're obsolete, but they're probably
Speaker 3: just not relevant to today's backdrop.
Speaker 1: David Rosenberg and Rosenberg research, and again in optimistic tone
Speaker 1: about growth and what's out there, he does maintain a
Speaker 1: disinflationary tendency. We maintain that we're part of your American commute.
Speaker 1: Thank you so much for that. With Apple Car Play,
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