WEBVTT - Single  Best Idea with Tom Keene: Monica Guerra & Suki Cooper

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

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<v Speaker 2>Single best idea in a day of truncated interviews, Lots

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<v Speaker 2>going on at Quantico, at the White House, presidential comments

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<v Speaker 2>twice at the White House, end at Quantico, and of

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<v Speaker 2>course the Secretary of Defense Pete Hexas with his comments

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<v Speaker 2>at Quantico as well. A lot of different conversations truncated

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<v Speaker 2>here just with the news flow, just with the reality

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<v Speaker 2>of Red Sox Yankees playoff baseball. But we did get

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<v Speaker 2>some good ideas. One from Monica Guerra at Morgan Stanley.

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<v Speaker 2>She is wonderful on infrastructure and also with real world

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<v Speaker 2>experience in the budgeting of government. Monica Guerra on the shutdown.

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<v Speaker 1>That's where the impoundment piece comes into play, right. We

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<v Speaker 1>saw him do that with Ukraine funding, so there is

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<v Speaker 1>a precedent. And so while they're not going to get

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<v Speaker 1>these mass layoffs, right, we've seen that that's not going

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<v Speaker 1>to happen. You could get a this essentially this as

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<v Speaker 1>an excuse or a catalyst to then come in and say, well,

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<v Speaker 1>you know, we want to go harder on these clean

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<v Speaker 1>energy components. Right at the EPA, we're going to stop

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<v Speaker 1>funding for that. And if you get that dynamic. That's

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<v Speaker 1>the sort of stick off ramp that gets the Democrats

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<v Speaker 1>to the table. The carrot off ramp is do you

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<v Speaker 1>get those rural state GOP members allowed enough voice to

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<v Speaker 1>then come together with Democrats to get those ACA subsidy extensions.

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<v Speaker 2>Just brilliant Monica Kuer Morgan Stanley here on a moment

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<v Speaker 2>of a shutdown, special shout out. Nathan Dean of Bloomberg

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<v Speaker 2>Intelligence always in demand, just riveting here on his thoughts.

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<v Speaker 2>He believes they could come to an eleventh hour solution

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<v Speaker 2>here Nathan Dean lonely with that call here into the

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<v Speaker 2>Tuesday midday with us as well, What a special treat

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<v Speaker 2>Suki Koup with us at Barclays. Forere now at the

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<v Speaker 2>Standard Charter Bank with Steven England are driving commodities a

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<v Speaker 2>big deal for Standard Charter with their third World, their

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<v Speaker 2>em focus in the Pacific rim Suki Cooper.

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<v Speaker 3>And gold we still see further highs for the gold markets.

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<v Speaker 3>We've seen a number of factors driving the market and

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<v Speaker 3>it's changed. At the start of this year we saw

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<v Speaker 3>a shift away from central bank flows driving the market

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<v Speaker 3>to ETF factors becoming much more important. And now we've

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<v Speaker 3>seen the correlation between real yields and gold coming back.

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<v Speaker 3>The macro environment is increasingly important to ranging from concerns

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<v Speaker 3>around the US potential shutdown government shutdown, to the scope

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<v Speaker 3>for FED to cut rates, further ranging to tariff concerns

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<v Speaker 3>as well. All of these factors are playing into safe

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<v Speaker 3>have and demand for gold.

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<v Speaker 2>Suki Cooper Standard Charter Bank shout out. Eric Fine came

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<v Speaker 2>in today. Again. It was a truncated conversation. I can't

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<v Speaker 2>remember why Eric Fine is at VANAK. We thank them

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<v Speaker 2>for their new sponsorship of what we're doing. He was

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<v Speaker 2>years at Morgan Stanley and EM and em dot now

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<v Speaker 2>and he is griveted on China and the calculation that

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<v Speaker 2>China not should or could, but must appreciate the yuan

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<v Speaker 2>against the US dollar. A fascinating conversation on China. We'll

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<v Speaker 2>redo that soon with Eric Fine of van K. It's

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<v Speaker 2>a podcast on an Apple on Spotify. Thank you for

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<v Speaker 2>listening on Spotify. Steffanie rothat Wolfe said she listens on

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<v Speaker 2>Spotify and on YouTube podcasts as well. Single best Idea