WEBVTT - Single Best Idea with Tom Keene: Troy Gayeski

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>A single best idea and on a wonderful Friday, a

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<v Speaker 2>strange Friday. Thank you Claudia Sam for being with us.

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<v Speaker 2>It's jobs Day, but it wasn't. And I have to admit,

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<v Speaker 2>not in the last twenty four hours, but in the

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<v Speaker 2>last three days, distant from the agony of no paycheck.

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<v Speaker 2>It's just hit me, the agony of the shutdown. This

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<v Speaker 2>is serious stuff. We all know that nobody needs to

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<v Speaker 2>hear it from me, but it was a joy to

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<v Speaker 2>have Claudia Sam with their prodigious abilities, really talk about

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<v Speaker 2>where we are with no October paychecks TSA just as

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<v Speaker 2>one example, five weeks into this as well, and where

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<v Speaker 2>we could be in days. I have no idea what

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<v Speaker 2>happens this weekend around the airlines of that. I thank

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<v Speaker 2>you to all of our team out at Newark for

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<v Speaker 2>their reporting today. But I just tell you, folks, to shutdown.

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<v Speaker 2>It is real. We had a wonderful conversation with Troy Guyeski.

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<v Speaker 2>This is just a wonderful window into like sort of

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<v Speaker 2>like the academics and also the job of what are

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<v Speaker 2>so many of our guests do. I'm Katie Kaminsky of

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<v Speaker 2>Elves Simplex DOUBLEEPHD and Electrical Engineering from MIT up in Boston,

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<v Speaker 2>Good Morning ninety two nine FM, and then into Gaysky

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<v Speaker 2>Chemical Engineering MIT as well. On the markets, here's Troy Guyesky,

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<v Speaker 2>a future standard.

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<v Speaker 1>Fundamentally talked about technicals a lot with your electrical engineering

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<v Speaker 1>guests before. No offense to that discipline, but you know

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<v Speaker 1>we're chemy's right, Tom, your dad was obviously, but you know,

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<v Speaker 1>on the fundamentals right now, it's really a collision course

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<v Speaker 1>between the tremendous AI spends that are going on, of

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<v Speaker 1>which in Nvidia and hardware huge beneficiaries, and the concern

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<v Speaker 1>over whether those can be sustained by cash flows going forward.

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<v Speaker 1>So we would think we're in more of a consolidation

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<v Speaker 1>period and the trend will re emerge over time. But

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<v Speaker 1>make no mistake, you know, at this particular point it's

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<v Speaker 1>unlikely we have material upside into next week. It's going

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<v Speaker 1>to take several weeks for consolidation, and then the fundamentals

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<v Speaker 1>when Videa's earnings come out, should reassert themselves.

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<v Speaker 2>Try to ask you. We heard that from Ben Ladler

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<v Speaker 2>as well at Bradesco, and then it just has to

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<v Speaker 2>work itself out. Ben Ladler, with that great Christmas Eve

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<v Speaker 2>twenty eighteen call still quite optimistic on the underlying trend,

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<v Speaker 2>something Katie Kaminski's expert on at Alpha Simplex. We continue

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<v Speaker 2>with Troug Gaski, this is just a moment, folks into

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<v Speaker 2>the academics. I take immense umbrage at the great inflation today,

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<v Speaker 2>and I take immense agony that people think it's everywhere

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<v Speaker 2>in every university. One of the hallmarks of the success

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<v Speaker 2>of Bloomberg over three decades plus has been we try

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<v Speaker 2>to hire best and brightest from academic programs with rigor.

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<v Speaker 2>Just a window into the chemical engineering program at Massachusetts

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<v Speaker 2>Institute of Technology, just for a moment, Troy Guyesky butchering

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<v Speaker 2>his freshman year at MIT, Well.

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<v Speaker 1>How I guess I'm proud enough at this stage of

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<v Speaker 1>my life to admit that my first chemical engineering class

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<v Speaker 1>was thermodont Amics and fluid Mechanics, and literally the first

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<v Speaker 1>fluid mechanics test. I got an eighteen in eighteen right,

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<v Speaker 1>and I studied my rear off for it, and so

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<v Speaker 1>it was like Holy cow. But the mean was a

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<v Speaker 1>thirty one, so I didn't feel like such a loser.

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<v Speaker 2>For those of you in the record, I had Searsan

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<v Speaker 2>Zamansky and aerospace at Boulder, and I think I pulled

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<v Speaker 2>a D plus and the curve in a was I'm

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<v Speaker 2>going to say fifty. I mean the reality here away

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<v Speaker 2>from this idiot great Inflation of twenty twenty five, is

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<v Speaker 2>there some rigorous programs out there. Shut out to Jim

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<v Speaker 2>Kern with all of his academics at keil Tech as well,

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<v Speaker 2>but many many other guests, a prodigious intellect that we're

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<v Speaker 2>trying to bring you every day and economics, finance, investment,

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<v Speaker 2>and international relations. That was Troy Gieski at Future Standard

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<v Speaker 2>on podcasts, out at Apple, out of Spotify on YouTube

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<v Speaker 2>podcasts at Single Best Idea