Speaker 1: Bloomberg Audio Studios, podcasts, radio news, Single Best Idea, and
Speaker 1: we welcome all of you here into the holidays shortened week.
Speaker 1: I'll be with you Monday and Tuesday and then off
Speaker 1: to take some time off for the holidays. One of
Speaker 1: our big great themes for next year is for Single
Speaker 1: Best Idea to be the bolt on podcast for you.
Speaker 1: You're listening to say the big take twenty minutes with
Speaker 1: David Gurra or others, and here it's just four minutes,
Speaker 1: five minutes, just two vignettes out of all the good conversations.
Speaker 1: We have an economics, finance, investment, and international relations. A
Speaker 1: very strong Monday today, and then you get lucky and
Speaker 1: time Posner scheduled on the Red Sea. Of course, with
Speaker 1: that horrific US Navy accident of jet shot down by
Speaker 1: a friendly fire over the weekend. But no, the President
Speaker 1: elect mentioned Panama. Anton Posner is at tours of duty
Speaker 1: with the Maritime Academy in Panama. Really knowledgeable on the
Speaker 1: stereotypes we have back to Teddy Roosevelt and the canal.
Speaker 1: Anton Posner of Mercury Resources on the drought in Panama.
Speaker 2: Actually the drought is eased up. Ships are moving more
Speaker 2: along normal At this point, I think normal off top, Matt,
Speaker 2: I think forty ships a day moving through It is
Speaker 2: a huge, huge savings to go through the canal via
Speaker 2: going versus going around.
Speaker 1: Is that a vital interest of America that forty ships
Speaker 1: go through or is it from a movie set from
Speaker 1: another time and place?
Speaker 2: More? Absolutely critical? Vital to be able to send warships
Speaker 2: cargo ships to deal with national emergencies much faster than
Speaker 2: needing to go than having to go around southern tip
Speaker 2: of South America is vital and critical to American national security.
Speaker 1: Of time, Posner, Mercury Resources, Paul Swanian and I really
Speaker 1: learned a lot there, taking us beyond that iconic David
Speaker 1: McCulloch book on panamav from over forty I can't believe
Speaker 1: I'm saying this over forty years ago. There are other
Speaker 1: people booked for the holiday season, and that must be
Speaker 1: Dana Telci at the Telsi Advisory Group. And then a
Speaker 1: headline is handed to me by Lisa Matteo that says
Speaker 1: Nordstrom's of Seattle will finally go private. I'm not going
Speaker 1: to go into the details of the transactions, but the
Speaker 1: family finally throws in the towel on a publicly traded stock.
Speaker 1: I have no idea how they'll work it out. Is
Speaker 1: a private company, but an iconic moment. Dana Telsea of
Speaker 1: the Telsa Advisory Group on Families and Retail.
Speaker 3: The privatization of a family run business that's been around
Speaker 3: for over one hundred years is definitely a spark of change.
Speaker 3: I think the new environment today is different than it
Speaker 3: was in the past, and you have to give Nord
Speaker 3: credit for all that it's accomplished, but the go forward
Speaker 3: environment requires big changes, and whether it is a reduction
Speaker 3: in the number of full line stores they have, the
Speaker 3: acceleration of what may be for the rack, the continuous
Speaker 3: pursuit of new and curated brands and their assortment, and
Speaker 3: for all what we know about Norstrom, the service element
Speaker 3: and the loyal customers they have is something that needs
Speaker 3: to be expanded and accelerated. Go forward.
Speaker 1: Dania Chelsea, the Chelsea Advisory Group. She was also looking
Speaker 1: into twenty twenty five. I thought sort of plus plus
Speaker 1: on luxury as well. We touched on that briefly. Thank
Speaker 1: you for your attention here in this holiday, that week
Speaker 1: and into the end of the year. On your commute
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Speaker 1: a frigid at New York, but a special good morning
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