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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, Single Best Idea, and

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Speaker 1: we welcome all of you here into the holidays shortened week.

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Speaker 1: I'll be with you Monday and Tuesday and then off

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Speaker 1: to take some time off for the holidays. One of

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Speaker 1: our big great themes for next year is for Single

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Speaker 1: Best Idea to be the bolt on podcast for you.

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Speaker 1: You're listening to say the big take twenty minutes with

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Speaker 1: David Gurra or others, and here it's just four minutes,

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Speaker 1: five minutes, just two vignettes out of all the good conversations.

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Speaker 1: We have an economics, finance, investment, and international relations. A

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Speaker 1: very strong Monday today, and then you get lucky and

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Speaker 1: time Posner scheduled on the Red Sea. Of course, with

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Speaker 1: that horrific US Navy accident of jet shot down by

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Speaker 1: a friendly fire over the weekend. But no, the President

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Speaker 1: elect mentioned Panama. Anton Posner is at tours of duty

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Speaker 1: with the Maritime Academy in Panama. Really knowledgeable on the

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Speaker 1: stereotypes we have back to Teddy Roosevelt and the canal.

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Speaker 1: Anton Posner of Mercury Resources on the drought in Panama.

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Speaker 2: Actually the drought is eased up. Ships are moving more

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Speaker 2: along normal At this point, I think normal off top, Matt,

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Speaker 2: I think forty ships a day moving through It is

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Speaker 2: a huge, huge savings to go through the canal via

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Speaker 2: going versus going around.

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Speaker 1: Is that a vital interest of America that forty ships

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Speaker 1: go through or is it from a movie set from

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Speaker 1: another time and place?

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Speaker 2: More? Absolutely critical? Vital to be able to send warships

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Speaker 2: cargo ships to deal with national emergencies much faster than

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Speaker 2: needing to go than having to go around southern tip

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Speaker 2: of South America is vital and critical to American national security.

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Speaker 1: Of time, Posner, Mercury Resources, Paul Swanian and I really

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Speaker 1: learned a lot there, taking us beyond that iconic David

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Speaker 1: McCulloch book on panamav from over forty I can't believe

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Speaker 1: I'm saying this over forty years ago. There are other

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Speaker 1: people booked for the holiday season, and that must be

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Speaker 1: Dana Telci at the Telsi Advisory Group. And then a

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Speaker 1: headline is handed to me by Lisa Matteo that says

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Speaker 1: Nordstrom's of Seattle will finally go private. I'm not going

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Speaker 1: to go into the details of the transactions, but the

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Speaker 1: family finally throws in the towel on a publicly traded stock.

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Speaker 1: I have no idea how they'll work it out. Is

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Speaker 1: a private company, but an iconic moment. Dana Telsea of

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Speaker 1: the Telsa Advisory Group on Families and Retail.

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Speaker 3: The privatization of a family run business that's been around

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Speaker 3: for over one hundred years is definitely a spark of change.

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Speaker 3: I think the new environment today is different than it

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Speaker 3: was in the past, and you have to give Nord

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Speaker 3: credit for all that it's accomplished, but the go forward

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Speaker 3: environment requires big changes, and whether it is a reduction

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Speaker 3: in the number of full line stores they have, the

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Speaker 3: acceleration of what may be for the rack, the continuous

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Speaker 3: pursuit of new and curated brands and their assortment, and

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Speaker 3: for all what we know about Norstrom, the service element

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Speaker 3: and the loyal customers they have is something that needs

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Speaker 3: to be expanded and accelerated. Go forward.

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Speaker 1: Dania Chelsea, the Chelsea Advisory Group. She was also looking

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Speaker 1: into twenty twenty five. I thought sort of plus plus

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Speaker 1: on luxury as well. We touched on that briefly. Thank

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Speaker 1: you for your attention here in this holiday, that week

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Speaker 1: and into the end of the year. On your commute

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Speaker 1: across the nation on Apple CarPlay and Android Atto. Of course,

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Speaker 1: the quarter from ninety nine to one FM in Washington

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Speaker 1: and up to Mount Catada in ninety two nine FM

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Speaker 1: in Boston. Good Morning Bloomberg eleven three to zero in

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Speaker 1: a frigid at New York, but a special good morning

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Speaker 1: to YouTube. This experiment has been extraordinary this year. We're

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Speaker 1: building it out each and every day. Subscribe to Bloomberg

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Speaker 1: Podcasts to hear us each and every morning, and again

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