WEBVTT - Single Best Idea with Tom Keene: Brian Belski & Patrick McHenry

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. The single best idea

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<v Speaker 1>is that if you have a team that has the

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<v Speaker 1>storm as we've had. I saw one banner I think

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<v Speaker 1>on CNN it said it's the biggest storm across the

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<v Speaker 1>nation in one hundred and twenty one years. I have

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<v Speaker 1>no idea of what I just said is true, but

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<v Speaker 1>I think in the blur I saw that the scope

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<v Speaker 1>and scale like I saw the heaviest snow is in

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<v Speaker 1>New Mexico, ARCD across the ice in Nashville on up

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<v Speaker 1>to Nathan Hager in ninety nine one FM in Washington

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<v Speaker 1>and Boston hit Hardist at ninety two nine. It was

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<v Speaker 1>just a g really team effort among our direct Bloomberg

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<v Speaker 1>surveillance team, but also all the people that make it go,

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<v Speaker 1>like antennas, like Matt Tomlin over in Central Park, Miles

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<v Speaker 1>Miller fell down and Matt had to pick him up

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<v Speaker 1>with a crane. We got Miles Miller standing up on

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<v Speaker 1>the hill over Julian Robertson's wonderful pond in the south

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<v Speaker 1>end of Center Work, just little vignettes about this storm.

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<v Speaker 1>Our invent was to have a lot of zoom and

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<v Speaker 1>a lot of people plugged into what these markets are doing.

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<v Speaker 1>Brian Belski joined from Humilist. Brian Belski on the move

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<v Speaker 1>forward from momentum into twenty twenty six.

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<v Speaker 2>I think the market is going to be having a

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<v Speaker 2>hard time transitioning from this really momentum multiple driven upside

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<v Speaker 2>that we've for all intentsive purposes seen since the fourth

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<v Speaker 2>quarter of twenty twenty two when the current bull cycle started.

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<v Speaker 2>Our work shows historically that earnings driven markets are still positive,

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<v Speaker 2>but they're not as positive or multiple driven markets. I

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<v Speaker 2>think that's why this week is such a huge week,

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<v Speaker 2>because we see some of the biggest tech companies come

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<v Speaker 2>out with earnings number one, number two. We've had tremendous

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<v Speaker 2>performance and outperformance the last week or two weeks from

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<v Speaker 2>the small MidCap which we've been talking about for a

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<v Speaker 2>couple of years.

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<v Speaker 1>Brian Belski, we thank him first discussion of the migration

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<v Speaker 1>from the Minnesota Vikings to the Seattle Seahawks of their

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<v Speaker 1>quarterback as well. There is a photograph, and I think

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<v Speaker 1>it's really an important photograph of the history of this nation,

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<v Speaker 1>of the Grand Old Party and a public service at

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<v Speaker 1>a young age. We live in a gerontocracy, we all

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<v Speaker 1>know this, all these people staying around ancient The president

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<v Speaker 1>will be eighty this year. Just as one example, and

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<v Speaker 1>there is a photograph of George Bush the younger with

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<v Speaker 1>a freshly scrubbed child of the Carolinas. Patrick McHenry got

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<v Speaker 1>into politics out of a love for this country at

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<v Speaker 1>a very very young age. He's forty nine and holding

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<v Speaker 1>now after all of his public service in the House,

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<v Speaker 1>he's a Bloomberg consultant for US. Here is Patrick McHenry

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<v Speaker 1>on the challenges of Minneapolis.

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<v Speaker 3>Trump's stance on immigration was his greatest political strength, and

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<v Speaker 3>given what has happened in Minneapolis in the last two weeks,

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<v Speaker 3>it's become a weakness. And so there's great concern about

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<v Speaker 3>the specifics, the loss of life in Minneapolis, the care

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<v Speaker 3>and training that those ice officers have for the population,

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<v Speaker 3>and the overall tactic here. But let's step back. The

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<v Speaker 3>concerning Congress is the implementation of the laws. Congress needs

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<v Speaker 3>to step in and actually change the immigration laws. I

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<v Speaker 3>think that's what the Trump administration is trying to draw out.

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<v Speaker 1>Patrick McHenry of the Carolinas. I believe the tenth District

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<v Speaker 1>in North Carolina will be with you tomorrow. We're going

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<v Speaker 1>to continue in this storm and in the new cold

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<v Speaker 1>that's coming three days at brutal cold, at least here

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<v Speaker 1>in New York City, out across the nation. The podcast

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<v Speaker 1>on Apple, on Spotify, on YouTube. Subscribe to Bloomberg Podcasts.

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<v Speaker 1>It's signal best. Yeah,