Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: A single best idea and just one vignette into what
Speaker 2: we do and how things get emotional. Once years ago,
Speaker 2: Reggie Jackson was sitting next to me, the giant of
Speaker 2: Yankees Baseball, and I'd done a little bit of my
Speaker 2: time keen homework, and I said, did you ever talk
Speaker 2: to your father about playing with Willie Mays? And he
Speaker 2: stopped cold out of Oakland, California, generations ago talking about
Speaker 2: his father and the impact that Willie Mays had on him. Today,
Speaker 2: we had that in Bloomberg Surveillance and single best idea.
Speaker 2: We had a football player who completely changed the game.
Speaker 2: There's maybe two or three others across the span of
Speaker 2: one hundred years that have done it. Frank Tarketing came in.
Speaker 2: I didn't say it on air, I said seventy nine
Speaker 2: in holding. He is the most vigorous eighty five year
Speaker 2: old I have ever met. It was just an extraordinary
Speaker 2: moment to speak to frand targetin about the state of
Speaker 2: the game, about his really unique background in Georgia and
Speaker 2: in Washington, and of course about the future of technology,
Speaker 2: which he's working on as a business enterprise right now.
Speaker 2: The business enterprise of America is about jobs. Nancy Lazarre
Speaker 2: was with US hyper Sandler Today. Here's Nancy Lazarre on
Speaker 2: our manufacturing renaissance.
Speaker 1: We've called it the US manufacturing renaissance started back in
Speaker 1: twenty ten. Middle America. It is our favorite emerging market.
Speaker 1: You're seeing it certainly within on employment rates around individual
Speaker 1: states that are more business are more business friendly. So
Speaker 1: and current policies certainly are going to reinforce bringing back
Speaker 1: blue collar jobs to the United States, and so we're
Speaker 1: quite excited. At first. The private sector started back in
Speaker 1: twenty ten, the corporate tax cut in seventeen reinforced it,
Speaker 1: and now full capex appreciation is going as another major
Speaker 1: booster shot for the kind of reindustrialization of the United States,
Speaker 1: which is a necessary backbone for every economy. I worry
Speaker 1: about Germany, Europe in general, by allowing China to come
Speaker 1: in and dump cars. You need a diverse source of
Speaker 1: jobs because we have a diverse labor force.
Speaker 2: Nancy Lazarre back in July with one of the great
Speaker 2: moments of the year for US where she just flat
Speaker 2: outsaid the issue is job formation in America. Nancy Lazar
Speaker 2: far more optimistic now here at the end of the year,
Speaker 2: as she was in July and in this summer. Sometimes
Speaker 2: can be an impact as unmeasurable. Michael Green is a
Speaker 2: Simplify asset management hugely popular on Bloomberg Surveillance. He wrote
Speaker 2: a substack essay about the poverty line in a mayor.
Speaker 2: It truly went viral within the zeitgeist, to the point
Speaker 2: it made the front page of the Washington Post. Michael
Speaker 2: Green on the poverty line.
Speaker 3: First, there are multiple poverty lines right across the country.
Speaker 3: If you live in a high cost region, you're going
Speaker 3: to have a very different experience than if you live
Speaker 3: in a low cost region. But the overall point was
Speaker 3: when you start thinking about what we define as the
Speaker 3: poverty line currently at about thirty one two hundred dollars
Speaker 3: for a family of four, two earners, two children, that
Speaker 3: doesn't come anywhere close to meeting the needs of a
Speaker 3: family that is living in a place like Caldwell, New Jersey,
Speaker 3: where the calculation works out to about one hundred and
Speaker 3: thirty six thousand, five hundred dollars and needs to be
Speaker 3: made before you can even start saving a dime. Wow,
Speaker 3: that's an extraordinary feeling of Percarty when we talk about
Speaker 3: the dynamic that most American households can't afford something to break,
Speaker 3: can't afford an emergency expense, et cetera.
Speaker 2: That's why Michael Green of Simplify off of his substack
Speaker 2: can't say enough about subscribing to many of our guests
Speaker 2: at their substack size. Michael Green, Mohammad al Arian, and
Speaker 2: Paul Krugman out there, Adam Too's professor. Too's writing on
Speaker 2: a very often basis as well. We're on podcasts on Apple,
Speaker 2: on Spotify, on YouTube podcasts. A single best idea