WEBVTT - Single Best Idea with Tom Keene: Matt Hornbach and Tim Adams

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News, single best idea on

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<v Speaker 1>a Friday and one of the single best shows we've

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<v Speaker 1>ever done. A major thank you to Natalie Imparatoryly of

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<v Speaker 1>Manhattan College for just wonderful perspective on Rome. As we

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<v Speaker 1>go to a funeral this weekend. We heard from the

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<v Speaker 1>President leaving the White House to go to Rome, but

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<v Speaker 1>a lot of discussion about this world that we're living

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<v Speaker 1>in turned upside down. One of the features that we're

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<v Speaker 1>looking at is not so much the finance economics investment,

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<v Speaker 1>but the behavior that's out there. Matthew Hornback is Morgan Stanley,

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<v Speaker 1>and what's so different and wonderful about his work is

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<v Speaker 1>a tour of duty, a substantial tour of duty in

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<v Speaker 1>Tokyo for Morgan stany family a good fifteen years ago.

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<v Speaker 1>Right now, I think among the politicians, lots of saving

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<v Speaker 1>face going on here. Matthew Hornbach of Morgan Stanley on

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<v Speaker 1>saving face.

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<v Speaker 2>Ultimately, you know, saving face is about you know, being

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<v Speaker 2>able to you know, face face both you know your

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<v Speaker 2>your inner soul as well as those of your friends

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<v Speaker 2>and your family and your constituents, and in the end

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<v Speaker 2>you know you're you're trying to You're trying to do

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<v Speaker 2>something that you think is the right thing to do,

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<v Speaker 2>both for yourself and your inner morality, as well as

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<v Speaker 2>as well as your the people for which you serve.

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<v Speaker 2>I think the concept of saving face is certainly one

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<v Speaker 2>that you know was maybe born in Asia, but I

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<v Speaker 2>think is really a human concept. You're trying to do

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<v Speaker 2>the best thing for you and the people that you

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<v Speaker 2>care about, and I think for a lot of politicians

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<v Speaker 2>around the world, you know that that that sometimes can

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<v Speaker 2>be tricky. There's a lot of different constituents that you serve,

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<v Speaker 2>but it's a human concept more than just a concept.

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<v Speaker 2>On the Pacific Rim.

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<v Speaker 1>Nicely said, and there will be a little bit of

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<v Speaker 1>that moving forward here as we try to extricate ourselves

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<v Speaker 1>in some form some way of this moment. The interview

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<v Speaker 1>of the week, without question, was Scott Bessant, the Secretary

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<v Speaker 1>of Treasury in Washington. At theF The IIF is nothing

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<v Speaker 1>more than the big bank lobby group. It's just as

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<v Speaker 1>simple as that, and the big issues with Charles Delaara

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<v Speaker 1>ran it for years and Tim Adams came in and

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<v Speaker 1>has done a phenomenal job providing leadership and messaging for

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<v Speaker 1>the group. He was the one who interviewed Scott Bessant

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<v Speaker 1>at this important speech. Here's Timothy Adams of THEIF on

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<v Speaker 1>the moment at end.

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<v Speaker 3>Well, if you remember Bush forty one, who I worked

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<v Speaker 3>for as a young White House staffer, talked about a

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<v Speaker 3>kinder Jendler country, and I think that's true. I had

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<v Speaker 3>the honor working for Bush forty three as well, and

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<v Speaker 3>they believe it in real decorum. Look, I think there

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<v Speaker 3>are a lot of people across the country trying to

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<v Speaker 3>figure out which of the two boxes they fit in.

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<v Speaker 3>I just would like to find a party that wants

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<v Speaker 3>to be pro growth, pro business, pro capital formation, pro

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<v Speaker 3>risk taking, that believes in trade. As I said, We've

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<v Speaker 3>got two hundred and fifty years of experience that trade

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<v Speaker 3>actually makes us wealthier. So that's what I'm looking for.

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<v Speaker 3>And you know, there's no reason why the Republican Party

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<v Speaker 3>can't offer that or the Democratic Party. Right now, I

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<v Speaker 3>think the Democratic Party is a bit lost, but there's

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<v Speaker 3>an opportunity to reinvent themselves.

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<v Speaker 1>Tim Adams, with a charge for the week, for the year,

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<v Speaker 1>and maybe into twenty twenty six as well. We are

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<v Speaker 1>in your commute across America. Thank you so much for

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<v Speaker 1>your interest, for getting in some of the numbers, and

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<v Speaker 1>your interests for this crisis, and we're really humbled by

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<v Speaker 1>the growth of the audience in this historic moment. We're

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<v Speaker 1>out on YouTube, at Bloomberg Podcasts subscribe, and at YouTube

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<v Speaker 1>podcast This is single best idea