Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The single best idea A quick one here on a Wednesday,
Speaker 2: as we staggered a Thursday and Friday again into earning
Speaker 2: season with big amount of earnings next week, and I'll
Speaker 2: follow on to tech the end of the month. Of course,
Speaker 2: we're looking at the meetings of the World Economic Forum
Speaker 2: and DAMAS, but we did want to pay attention to
Speaker 2: what's going on in and equities, bonds, currencies and commodities.
Speaker 2: Julian Emmanuel stopped by with Evercore I Sight writes the
Speaker 2: best day to day earning summary on the street, with
Speaker 2: nine percent of SMP market cap reporting so far. Julian
Speaker 2: Emmanuel on the worry over AI debt.
Speaker 3: What's interesting now about the setup is that you had
Speaker 3: all this angst around debt financing, around the AI build
Speaker 3: out at the end of last year, credit defaultse markets
Speaker 3: getting stressed, certain Hyperscaler's share prices getting stressed to the
Speaker 3: point where there's enough skepticism around the AI story and
Speaker 3: technology in general that in our mind it's almost sets
Speaker 3: up as a contrarian play, and we're very excited by that.
Speaker 2: It was good to have him in just with a
Speaker 2: first look here Julian Emmanuel, really, you know, modeling out
Speaker 2: somewhere towards low double digit earnings growth. Later in the interview,
Speaker 2: he made very clear given a set of stimuli, that's
Speaker 2: the word he used is Latin on surveillance, the stimuli
Speaker 2: that is out there, Julian Emmanuel, he doesn't predict, he
Speaker 2: doesn't forecast, but he's thinking about double digit earnings growth.
Speaker 2: Q two and Q three of two thousand and twenty six.
Speaker 2: An incredible conversation today with Jonathan Maxwell of Sustainable Capital.
Speaker 2: This is over in the United Kingdom, and he's just
Speaker 2: absolutely expert, like write a book called The Edge Expert
Speaker 2: about all the stuff that's underground and underwater. He stopped
Speaker 2: us with a discussion that we don't understand of the
Speaker 2: Arctic Ocean. I promise you we will have Jonathan Maxwell
Speaker 2: of Sustainable Development back to dive into our ignorance, my
Speaker 2: ignorance of the Arctic Ocean, the different paths, including the
Speaker 2: romance of the Northwest Passage and all that. Jonathan Maxwell
Speaker 2: on the moment for commodities.
Speaker 1: We've spent the last modern history spence the post a
Speaker 1: Second World War, A lot of it has been about
Speaker 1: competition for resources right, and particularly fossil fuels. What we're
Speaker 1: seeing now is a different arena emerging for what that
Speaker 1: competition is flowering up. And you know I've described it.
Speaker 1: I read a book about this called the Age. I
Speaker 1: think we're at a real age moment in history, right.
Speaker 1: But there are separate edge moments. These are flashpoints. Geopolitical
Speaker 1: flash is where you find energy and capital coming together
Speaker 1: and flashing up. Arctic obviously is the big one.
Speaker 2: And he went on absolutely stunningly competent about what lies
Speaker 2: beneath the waters of Greenland and off to the east
Speaker 2: to Iceland and up with Norway and Russia off to
Speaker 2: the east. Just extraordinary. I'm learning so much about my
Speaker 2: ignorance on the Arctic Ocean program. Note Elizabeth Economy, a
Speaker 2: terrific essay in Foreign Affairs this month that will make
Speaker 2: you more competent of understanding this ocean we don't know.
Speaker 2: Jonathan Maxwell there Sustainable Development on podcasts on Spotify. Thank
Speaker 2: you for your attention, particularly to the Pacific rim for
Speaker 2: listening to us on Spotify on Apple as well on
Speaker 2: YouTube podcasts. Single best Idea ins