WEBVTT - Single Best Idea with Tom Keene: Daniel Tannebaum & Anna Wong

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

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<v Speaker 2>Single best idea and the single best idea of today

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<v Speaker 2>as we go through what we're all living over the

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<v Speaker 2>last three four five weeks, ninety five days into the

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<v Speaker 2>second presidency of Donald Trump, that it just gets more

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<v Speaker 2>and more chaotic. Mike Allen out at Axios led today

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<v Speaker 2>with the word chaos. I'm not going to editorialize chaos,

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<v Speaker 2>but what I will say is conversation to conversation. It

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<v Speaker 2>is the oddest time right now in any given show.

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<v Speaker 2>We have five, six, seven, eight single best ideas we

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<v Speaker 2>could bring it. We keep it to two. We want

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<v Speaker 2>this to be a shorter podcast for you versus a

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<v Speaker 2>longer exercise, and today we got lucky. Sometimes you book

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<v Speaker 2>a guest, you have no idea why you can. You

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<v Speaker 2>just book them because they're in Washington at the IMF

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<v Speaker 2>for that, and then something breaks that they're expert on.

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<v Speaker 2>Daniel tan Obaum was with us with Oliver Wyman. He

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<v Speaker 2>is expert on sanctions. He is expert on goods services

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<v Speaker 2>and cash flows to Russia. The President came out and

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<v Speaker 2>I paraphrase a long tweet he said, Vladimir Kamma all

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<v Speaker 2>caps stop exclamation point Daniel Tanebaum of Oliver Wyman on

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<v Speaker 2>a tweet.

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<v Speaker 3>You know, it's wonderful week. The President was pissed at

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<v Speaker 3>Putin a few weeks ago. I think we saw that

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<v Speaker 3>on one of the Sunday morning shows. But he needs

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<v Speaker 3>to actually take action against Russia. There have been two

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<v Speaker 3>major moves that the US has made on Russia since

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<v Speaker 3>Trump has taken office again. One was by quietly extending

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<v Speaker 3>biden Erra Russia sanctions a week and a half ago

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<v Speaker 3>with little fanfare. The other was actually by not doing

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<v Speaker 3>something and letting an energy waiver expire to ban the

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<v Speaker 3>trading or financing of Russian energy. But the President needs

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<v Speaker 3>to be more active on actually using the considerable power

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<v Speaker 3>that the US government has to put more pressure on

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<v Speaker 3>Russian and those supporting it.

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<v Speaker 2>Daniel ten Ofem of Oliver Wyman. A lot of other

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<v Speaker 2>good conversations, of course, a lot of his senator on

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<v Speaker 2>claims today. They came in on target. They certainly did

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<v Speaker 2>not go to a worser number, a higher statistic. I

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<v Speaker 2>believe they came in at two hundred and twenty two thousand.

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<v Speaker 2>I modeled a standard deviation study, and you know two

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<v Speaker 2>hundred and forty thousand is some inks, but two hundred

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<v Speaker 2>and sixty thousand is where the challenges click in. We're

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<v Speaker 2>not there yet, still good claims numbers, and along joined

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<v Speaker 2>us from Bloomberg Economics, she said, such an impact on

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<v Speaker 2>American economics in the last twelve months, and owaha on

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<v Speaker 2>the pass forward for the American labor economy.

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<v Speaker 4>Four point eight percent unemployment rate, though historically a cold

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<v Speaker 4>statustion looking at it, will still be thinking, well, it's

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<v Speaker 4>not that high compare to historical average. However, you're right, Thomas,

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<v Speaker 4>the emotions and I think people of course would be

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<v Speaker 4>pulling back on spending, particularly after they have stalked up

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<v Speaker 4>running the tariffs in the first quarter this year, and

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<v Speaker 4>so this will be a very harsh Christmas and Halloween season,

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<v Speaker 4>particularly because there will be a lot of empty spaces

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<v Speaker 4>on the shelves too.

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<v Speaker 2>An amazing statement there from doctor one looking forward to

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<v Speaker 2>some of the worries that are out there. Of course,

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<v Speaker 2>our Washington team reporting that big box retail executives has

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<v Speaker 2>tried to sit down with the President and explain to

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<v Speaker 2>him full to empty shelves. On your commute across the nation,

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<v Speaker 2>particularly good morning to Canada. We say good morning to

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<v Speaker 2>you on your commute as well. We had a great,

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<v Speaker 2>great half hour in Canada with Jean Beavane of Blackrock today.

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<v Speaker 2>But but just thank you so much, and on a

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<v Speaker 2>YouTube subscribe to Bloomberg Podcasts and out that YouTube podcast.

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<v Speaker 2>This is a single best idea