WEBVTT - Single Best Idea with Tom Keene: Kriti Gupta & Neil Dutta

0:00:02.520 --> 0:00:10.920
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

0:00:14.120 --> 0:00:16.760
<v Speaker 2>Single best idea and the single best idea is on

0:00:16.800 --> 0:00:19.880
<v Speaker 2>a twenty four to seven basis, don't pick up your

0:00:19.880 --> 0:00:23.160
<v Speaker 2>cell phone and look at the news. It is extraordinary

0:00:23.200 --> 0:00:25.960
<v Speaker 2>the news flow right now, it seems like it is

0:00:26.120 --> 0:00:29.360
<v Speaker 2>twenty four hours a day. I stare at my cell phone.

0:00:29.560 --> 0:00:31.520
<v Speaker 2>I really really don't want to pick it up and

0:00:31.560 --> 0:00:34.680
<v Speaker 2>look at the twelve newspapers I read every day. But

0:00:34.800 --> 0:00:39.280
<v Speaker 2>there we are. And it was a fascinating Monday. We

0:00:39.320 --> 0:00:41.919
<v Speaker 2>had a great set of conversations at nine o'clock hour,

0:00:42.000 --> 0:00:45.680
<v Speaker 2>particularly strong on the equity markets, the challenges that we

0:00:45.720 --> 0:00:48.960
<v Speaker 2>see with a vix out again twenty four twenty five,

0:00:49.040 --> 0:00:52.800
<v Speaker 2>all this talk about a so called liberation day to

0:00:53.000 --> 0:00:56.240
<v Speaker 2>a actual jobs report on Friday. We'll go beneath the

0:00:56.280 --> 0:01:01.040
<v Speaker 2>headline data there, as we always do, talk about someone

0:01:01.200 --> 0:01:04.720
<v Speaker 2>who doesn't get enough shout out within the New York combine,

0:01:05.200 --> 0:01:08.959
<v Speaker 2>Critty Gupta showed up from SMU that's a Texas university

0:01:09.480 --> 0:01:12.559
<v Speaker 2>with a Texas accent, lit it up in New York

0:01:12.600 --> 0:01:14.520
<v Speaker 2>and she was so valuable. They said, do you want

0:01:14.520 --> 0:01:17.199
<v Speaker 2>to go to London? That's tough, you know, think about

0:01:17.200 --> 0:01:19.320
<v Speaker 2>it for at least twelve seconds she thought about it.

0:01:19.800 --> 0:01:24.160
<v Speaker 2>She's holding court in London, driving London TV. I should

0:01:24.160 --> 0:01:27.240
<v Speaker 2>say each and every morning with Anna Edwards and company,

0:01:27.760 --> 0:01:30.640
<v Speaker 2>but also on the horn to Nathan Hager and myself

0:01:30.680 --> 0:01:34.440
<v Speaker 2>giving us perspective here this morning from Queen Victoria Street,

0:01:35.040 --> 0:01:37.600
<v Speaker 2>Pretty Gupta, I'm Brussels.

0:01:38.120 --> 0:01:40.480
<v Speaker 3>Brussels has no part to play, and I think a

0:01:40.480 --> 0:01:43.160
<v Speaker 3>great example of that is what came out of the

0:01:43.160 --> 0:01:45.720
<v Speaker 3>summit last week, the Coalition of the willing summit when

0:01:45.720 --> 0:01:48.040
<v Speaker 3>it comes to the likes of Ukraine, for example, and

0:01:48.120 --> 0:01:50.680
<v Speaker 3>yet they weren't at the table when it came to

0:01:50.720 --> 0:01:54.400
<v Speaker 3>a ceasefire, even negotiation between the United States and Russia

0:01:54.560 --> 0:01:58.400
<v Speaker 3>in riod Or, even with Turkey's involvement. And Turkey, by

0:01:58.440 --> 0:02:01.880
<v Speaker 3>the way, is the number one defense spender with Russia,

0:02:02.000 --> 0:02:03.920
<v Speaker 3>but it is also a NATO member and technically a

0:02:04.080 --> 0:02:07.640
<v Speaker 3>US ally as well. They're also kind of situated on

0:02:07.680 --> 0:02:09.400
<v Speaker 3>the Black Sea where a lot of the grain that

0:02:09.480 --> 0:02:12.359
<v Speaker 3>comes out of Ukraine and Russia and ultimately hits American

0:02:12.400 --> 0:02:15.079
<v Speaker 3>cereal and American bread comes from. So the irony of

0:02:15.120 --> 0:02:18.320
<v Speaker 3>the situation is that the Europeans are trying to have

0:02:18.360 --> 0:02:20.920
<v Speaker 3>a voice at a table and in a room that

0:02:21.000 --> 0:02:23.679
<v Speaker 3>the door is completely closed to CRITI group to working

0:02:23.720 --> 0:02:27.000
<v Speaker 3>the light shift in London for Bloomberg News.

0:02:28.360 --> 0:02:31.480
<v Speaker 2>I've been very fortunate to hang out with all sorts

0:02:31.520 --> 0:02:34.600
<v Speaker 2>of fancy people. One night at Davos, we were in

0:02:34.600 --> 0:02:37.760
<v Speaker 2>the piano bar and I literally was standing with three

0:02:37.800 --> 0:02:41.080
<v Speaker 2>Nobel Prize winners. That was pretty pretty cool. I won't

0:02:41.080 --> 0:02:44.079
<v Speaker 2>bore you with that story, but you know, things like that,

0:02:44.080 --> 0:02:47.399
<v Speaker 2>that's not like what Neil Dudda just went through. Neil

0:02:47.480 --> 0:02:50.440
<v Speaker 2>Dudda was sitting by the bat phone one day and

0:02:50.480 --> 0:02:53.880
<v Speaker 2>Paul Krukman called up, and the Nobel Laureate, a giant

0:02:53.919 --> 0:02:57.720
<v Speaker 2>an international trade, said Neil, I'd really like to talk

0:02:57.800 --> 0:03:01.880
<v Speaker 2>to you. This went viral within the zeitgeist of economics.

0:03:01.919 --> 0:03:04.320
<v Speaker 2>Neil data my Economist of the Year two years ago,

0:03:05.000 --> 0:03:10.040
<v Speaker 2>brilliant on the minutia, optimistic and he's really turned cautious.

0:03:10.400 --> 0:03:14.600
<v Speaker 2>And Professor Krugman was really interested on that. Here on

0:03:14.880 --> 0:03:19.600
<v Speaker 2>sixteen one hundred Pennsylvania Avenue from Renmec Neil Datta, I.

0:03:19.520 --> 0:03:21.600
<v Speaker 1>Don't know, Tom, I sort of reject the premise that

0:03:21.680 --> 0:03:25.839
<v Speaker 1>this sort of approach will make the country a greater grind.

0:03:25.880 --> 0:03:28.520
<v Speaker 1>I mean, I understand the need to kind of, you know,

0:03:28.560 --> 0:03:31.560
<v Speaker 1>for security purposes. You know, you want to have a

0:03:31.600 --> 0:03:35.080
<v Speaker 1>strong manufacturing base. I think going after China makes a

0:03:35.080 --> 0:03:37.840
<v Speaker 1>lot of sense, but you know, just think about it

0:03:38.120 --> 0:03:40.320
<v Speaker 1>at the most basic level. I mean, if every state

0:03:40.400 --> 0:03:43.119
<v Speaker 1>was operating as its own country, with their own trade policies,

0:03:43.160 --> 0:03:45.880
<v Speaker 1>do you think that better? You know that more prosperity

0:03:45.880 --> 0:03:47.520
<v Speaker 1>would result as that way.

0:03:47.960 --> 0:03:50.840
<v Speaker 2>Neil Data on the Immediacy of the Week. He's with

0:03:50.880 --> 0:03:55.320
<v Speaker 2>Renaissance Macro on your commute across the nation, Apple car Play,

0:03:55.400 --> 0:03:59.760
<v Speaker 2>Android Auto, I'm told really coming on Serious Exemp Channel

0:04:00.040 --> 0:04:04.640
<v Speaker 2>twenty one in Washington, ninety nine one FM, ninety two

0:04:04.760 --> 0:04:08.360
<v Speaker 2>nine FM in Boston. I don't think the season's over

0:04:08.440 --> 0:04:10.600
<v Speaker 2>for the Red sixe hid, but it's getting a little late.

0:04:10.680 --> 0:04:13.080
<v Speaker 2>We may have to consider that here in the coming

0:04:13.720 --> 0:04:16.560
<v Speaker 2>days and in New York. Bloomberg eleven three always well

0:04:17.120 --> 0:04:22.200
<v Speaker 2>on YouTube. Please subscribe to Bloomberg podcasts and on YouTube podcasts.

0:04:22.640 --> 0:04:33.960
<v Speaker 2>This is single best idea