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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: Single best idea, and we say happy holidays to you.

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Speaker 3: We'll make this quick today that we're short staffed.

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Speaker 2: I mean, everybody's just waiting to get out and get

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Speaker 2: on across this nation, and we say thank you for

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Speaker 2: a really spectacular year. What Ian Bremer, what this is

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Speaker 2: about is sometimes we just rip up the script and

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Speaker 2: we do that. Where we went from economic data to

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Speaker 2: an ample conversation with doctor Bremer of eras your group

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Speaker 2: on too many themes.

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Speaker 3: Here is Ian Bremer on tariffs among allies, tariffs among adversaries.

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Speaker 4: There are two, as you note from Trump's first efforts

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Speaker 4: at making policy as president elect. You've got the ally

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Speaker 4: fault line where he expects, you know, deals, and then

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Speaker 4: you've got the adversary fault line, where he expects deals.

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Speaker 4: And Trump doesn't necessarily treat them as all that different.

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Speaker 4: I mean, it was less than an hour between.

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Speaker 1: Him posting that there's going to be new tariffs against

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Speaker 1: Mexico and Canada unless they give him satisfaction, and when

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Speaker 1: he said the same thing about China unless the Chinese

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Speaker 1: provides satisfaction.

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Speaker 4: So those are tom those are two very very different

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Speaker 4: fault lines.

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Speaker 2: We love our guests with their heritage. Ian Bremer, of course,

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Speaker 2: with heritage of international relations out of Tulane and Stanford.

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Speaker 2: On retail, there is no heritage like Dana Telsey. She

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Speaker 2: grew up as a child. Her grandparents were at Bergdorf Goodman.

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Speaker 2: She knows retail in New York City. She knows retail

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Speaker 2: across the nation with a good help of Joseph Feldman

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Speaker 2: at Telsey Advisory Group. The surprise of the year a

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Speaker 2: pe of thirty five on Walmart.

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Speaker 5: The competitive mode that a business develops gives them the

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Speaker 5: opportunity to see, look what Walmart is doing. Walmart today

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Speaker 5: is not the Walmart of yesterday. You look at their

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Speaker 5: other revenues from other business lines that are growing extensively,

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Speaker 5: Look at their sixty percent of sales that are coming

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Speaker 5: from essentials, and frankly, look what they're doing with both

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Speaker 5: the digital channel and the physical channel, coupled with what

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Speaker 5: they've got globally. So what Don McMillan has done has

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Speaker 5: moved the business forward, and that competitive mode is only

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Speaker 5: getting stronger.

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Speaker 2: Dana Telsey, the Telsea Advisory Group on your commute, acrassination

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Speaker 2: on Apple CarPlay, Android auto on Serious XM channel one

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Speaker 2: twenty one on the corridor from Washington ninety ninety one

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Speaker 2: FM up to ninety two nine in Boston as far

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Speaker 2: north as Montcatten, and of course on YouTube and YouTube podcast.

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Speaker 2: This is a single best idea, they m