Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The single best idea and thank you for the comments
Speaker 2: just in the last twenty four to forty eight hours
Speaker 2: on these markets. I just said to Paul Sweeney as
Speaker 2: we finished out the program, I've been doing this for
Speaker 2: way long, and I have never seen, whatever your politics,
Speaker 2: where we're waiting on single headlines out of the news,
Speaker 2: out of the White House. I just I can't remember
Speaker 2: when it was like this, and we'll have to see
Speaker 2: as we go forward. Thanks to all of our team,
Speaker 2: particularly the Markets team just met and just burned it
Speaker 2: up like all nighters. The Markets team here at Bloomberg
Speaker 2: for their coverage of the not agony, but the angst
Speaker 2: that is out there. Cam Dawson very busy with New Edge,
Speaker 2: I had of moments to notice we got it this morning.
Speaker 2: Here's Cameron Dawson on this present market.
Speaker 3: We do think that this is perfectly normal and something
Speaker 3: that we should be getting used to through the course
Speaker 3: of the year. When you came into this year with
Speaker 3: valuation so high, sentiment so stretched to the upside, positioning
Speaker 3: very very long, very bullish, it just meant that there
Speaker 3: was a lot that was needed to drive this market
Speaker 3: much higher, but there wasn't a lot that was needed
Speaker 3: to cause a normal kind of correction. Corrections in the
Speaker 3: seven to ten percent variety happen even without recessions, even
Speaker 3: without periods of weaker growth. Volatility is a feature of
Speaker 3: being an equity market investor, and really the challenge or
Speaker 3: the opportunity is is what you do with that volatility
Speaker 3: as it typically runs its course. So this is an
Speaker 3: opportunity we think to continuously upgrade the quality of portfolios
Speaker 3: by names that are the classic throwing the babies out
Speaker 3: with the bathwater, with people indiscriminately selling. But it also
Speaker 3: comes with the message of when it comes to volatility,
Speaker 3: get used to it. This year, the.
Speaker 2: Hallmark of Bloomberg is to identify the win of a headline,
Speaker 2: of a conversation, of an insight, but also keep up
Speaker 2: with the news. Cameron Dawson of New Edge earlier this morning,
Speaker 2: and literally, as we're taping single best idea here, we
Speaker 2: have a set of headlines out from the President. He's
Speaker 2: increasing Canadian steel and aluminum tariff to fifty percent five
Speaker 2: zero Michael McKee literally on Bloomberg Television. With market reaction
Speaker 2: to this, it is a movable feast politicians of all
Speaker 2: persuasions are dealing with this. What a joy to agreed
Speaker 2: in our studios today. The centrist Democrat from Connecticut here,
Speaker 2: the governor of Connecticut, Ned Lamont.
Speaker 1: I think we found in Connecticut Republicans and Democrats find
Speaker 1: places we can agree. Let's say we did the biggest
Speaker 1: tax cut ever last year. It was middle class people
Speaker 1: and beyond it was not for rich people. That was
Speaker 1: an area where Republicans and Democrats could get together. Five
Speaker 1: hundred million dollars tax cut. What we're doing in terms
Speaker 1: of making sure that we educate people for the jobs
Speaker 1: that are out there right now, there's a disconnect. I'm
Speaker 1: finding pretty good balance between Republicans and Democrats there. Look,
Speaker 1: there's a certain incentive to say no, that's what the
Speaker 1: nature of the opposition party is. I don't think that's
Speaker 1: good for Democrats at the national level, and I don't
Speaker 1: think that's good for Republicans at our state level.
Speaker 2: Nettlemont there of Connecticut, and we opened that discussion with
Speaker 2: a conversation on a relatively expensive electricity that is in Connecticut,
Speaker 2: and much of that from over the border to the
Speaker 2: north on your commute across Canada and your commute across
Speaker 2: this nation. It is Bloomberg surveillance and of course out
Speaker 2: on YouTube, our YouTube podcasts at single best. Idea seven