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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, the single best idea

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Speaker 1: of special edition. We have three voices today, just a

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Speaker 1: celebration of Ed Ludlow and Bloomberg Technology and what they

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Speaker 1: did at Apple yesterday. First we go to the shock

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Speaker 1: and all of European politics. Alberto Gallo was with us

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Speaker 1: from Andromeda. He's absolutely definitive on debt and for the

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Speaker 1: first time I really heard him lean into where you

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Speaker 1: could have geopolitical and national political shock that moves price

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Speaker 1: lower and yield higher. He's been writing about that, and

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Speaker 1: of course with the I think chaos is a proper word,

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Speaker 1: the chaos in France towards their two elections. They're feeling

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Speaker 1: it right now, there's no question about it. Virginia Mesenev

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Speaker 1: is iconic on Wall Street and on a Transatlantic perspective,

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Speaker 1: identified with Shorter. She's Alians now as his mama, del

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Speaker 1: Arian and Virginia Madsenev. We should talk about equities, bonds, currencies, commodities, reguard,

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Speaker 1: you know the usual, but here we rip up the script.

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Speaker 1: Virginia Maseneuv and her friends and mister McCrow.

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Speaker 2: Well, I think they are definitely linked in the sense

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Speaker 2: that if you look at President Macon. He's done quite

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Speaker 2: well on the economic front, the defense front, if you want,

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Speaker 2: the diplomacy front. But some of the concerns that I've

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Speaker 2: led the French electorate to move to the right, where

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Speaker 2: domestic issues, issues of security, fear of the war, terrorist attacks,

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Speaker 2: a lot of attacks on kids at school for example,

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Speaker 2: immigration integration, you know, all those issues are important. And

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Speaker 2: of course the far right party is more in support,

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Speaker 2: as Madame Lupine and Bardella have made it public, more

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Speaker 2: in support of Trumpsionately some links there.

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Speaker 1: I want to make an editorial point here. We have

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Speaker 1: a style at Bloomberg like anyone else. Merriam Webster leads

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Speaker 1: a charge on that. But there's been some criticism to

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Speaker 1: Bloomberg surveillance and the use of the phrase far right.

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Speaker 1: That is not an editorializing by us. That's the actual

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Speaker 1: names of the parties in France. There are I believe three,

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Speaker 1: definitely two, but even three separate parties in France that

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Speaker 1: use the phrase far right. We're not making that up.

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Speaker 1: That's what they're called. I just really want to mention

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Speaker 1: that because I've had some heated response, and thank you

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Speaker 1: so much for listening to what we do every day.

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Speaker 1: I lasted sixteen minutes. I tuned in, I watched paratroopers

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Speaker 1: out of the sky and Tim Cook standing trying not

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Speaker 1: to step on solar panels. And it was the Apple

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Speaker 1: thing I asked sixteen minutes. Fortunately a few others didn't.

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Speaker 1: Dan Ice is with us. Now, Gene Munster will join

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Speaker 1: in a moment. You know what Dan I is gonna say.

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Speaker 1: He's gonna say he's all enthused up. But it's an

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Speaker 1: important voice because with a twenty percent lift in Apple

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Speaker 1: since April, once again, Dani's looks smart. Let's listen.

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Speaker 3: This is really Apple's castle, this Apple Intelligence, it's really

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Speaker 3: now the start of AI coming to most consumers. I

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Speaker 3: think they're gonna be able to do whatever you want. Ultimately,

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Speaker 3: this is gonna be an AI brain in your phone

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Speaker 3: that's gonna understand the user and the owner of the

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Speaker 3: phone the more and more that they're together. So they're

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Speaker 3: gonna understand your habits, restaurants, which people you like to

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Speaker 3: pick up the phone from which you don't, what photo

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Speaker 3: is you prioritize over others. And now and there is

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Speaker 3: the key time. Hundreds of apps will be built on

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Speaker 3: this stack. That is the key from a services perspective.

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Speaker 1: So there's the analysis there, and I really want to

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Speaker 1: point out it was something to see Apple through the

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Speaker 1: morning off two or three dollars off the top of

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Speaker 1: my head. One ninety three maybe, yeah, I think one

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Speaker 1: ninety three was a price. And it opened with you

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Speaker 1: know what, can I say? A lift out to one

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Speaker 1: ninety seven and I'm looking here now my eyes are

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Speaker 1: failing me on the screen, but nevertheless, a lift here

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Speaker 1: to Eric, Eric, and see the screen from six miles away.

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Speaker 1: You got an iceight like Ted Williams. Don't you what

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Speaker 1: price is Apple at right now? On that screen with

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Speaker 1: Katie Greyfeld? You know, can you actually see that it's

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Speaker 1: up three and a half points? You know, Apple's higher.

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Speaker 1: Let's leave it at that. We'll state you two ideas

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Speaker 1: here at a single best idea. A Apple's higher and

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Speaker 1: B I'm blind, okay. Let's Gene Munster observed that Paul

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Speaker 1: Sweeney is way behind the tech curve.

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Speaker 3: Hey, Gene, I'm out here sporting an iPhone eleven? Is

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Speaker 3: this change to A.

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Speaker 2: Is that going to prompt me to get back into

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Speaker 2: the Apple Store and upgrade in September?

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Speaker 4: I think it will, And I again I think that

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Speaker 4: this is the fundamental piece that a lot of those

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Speaker 4: who just analyze this so closely are focused on the

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Speaker 4: trees versus the forest. Is that I think that people

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Speaker 4: like you are going to see these features and want

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Speaker 4: to get upgraded. And maybe in your case, you're probably

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Speaker 4: due for an upgrade either way. But I think in

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Speaker 4: the case of many people who are three years out,

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Speaker 4: I think that they're going to see these features and

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Speaker 4: undoubtedly want them. This is the biggest change in Apple

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Speaker 4: since the iPhone came out, and that's a bold statement,

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Speaker 4: but just to put some perspective on it, over the past,

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Speaker 4: call it fifteen or so years since the iPhone came out,

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Speaker 4: we have seen is that, you know, we've had things

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Speaker 4: like Vision Pro, We've had services like Apple TV Plus,

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Speaker 4: We've had the iPad, we've had the App Store. Those

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Speaker 4: have been kind of the cornerstone announcements. But what this

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Speaker 4: fundamentally does is change the way that we interact with

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Speaker 4: these devices. It's going to add more value and Paul,

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Speaker 4: I think that that is going to be a major

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Speaker 4: catalyst for upgrades.

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Speaker 1: Here Gene Mounster with Paul Sweden, it's like, you know,

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Speaker 1: I like how we said people like you. But I

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Speaker 1: want to make clearier Paul doesn't the oldest The oldest

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Speaker 1: phone that we have at Bloomberg Surveillance, that is the

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Speaker 1: Motorola Dina Tag eight thousand X that John Tucker still handles.

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Speaker 1: It was with Gordon Gecko in a movie a few

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Speaker 1: years ago. Tucker's still using that big old thing, so

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Speaker 1: you know he's the most far by. Maybe even Tucker

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Speaker 1: will get a new iPhone. It's been a lot of fun.

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Speaker 1: We need to say thank you Ed Ludlow of Bloomberg

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Speaker 1: Technology for all of his value, had input many others

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Speaker 1: well at Bloomberg for helping us with technology. Man Deep

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Speaker 1: Singh and Agarana is well, little lengthy today but especial

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Speaker 1: with three voices on Apple Podcasts single best Idea