WEBVTT - Single Best Idea with Tom Keene: David Malpass, Anurag Rana, & Katy Kaminski

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

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<v Speaker 2>Single bus Daynia wringing the political season, some controversy.

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<v Speaker 3>Thank you for the many notes, people disparaging me, people

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<v Speaker 3>supporting me. Also, I think the hate mail won out.

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<v Speaker 3>But that's you know, onto the next day and we'll see.

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<v Speaker 1>But it is that time.

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<v Speaker 3>And of course we've got the coverage of Bloomberg News.

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<v Speaker 3>It was great to have Mike Shepherd on driving forward

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<v Speaker 3>our coverage in Washington as we try to parse out

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<v Speaker 3>the emotion, the policies, the future of the nation will

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<v Speaker 3>do that to November fifth and beyond today. David Malpass

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<v Speaker 3>in the former president of the World Bank. He was

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<v Speaker 3>appointed by mister Trump and very much so we could

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<v Speaker 3>have talked about well, international events and poverty and what

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<v Speaker 3>they do with the World Bank. But no, David malpass

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<v Speaker 3>ran for US Senate as a Republican fourteen years ago.

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<v Speaker 3>He's got some real world political skill. We asked him

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<v Speaker 3>to parse Trump economics.

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<v Speaker 1>No, but to those three people, those were austerity policies,

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<v Speaker 1>and what Trump is talking about is growth policies. They're

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<v Speaker 1>very different. That means changing the regulatory policy so that

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<v Speaker 1>people will actually build things. You know, a giant part

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<v Speaker 1>of the semiconductor problem right now is you can't build

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<v Speaker 1>a factory because of the rules that go into that

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<v Speaker 1>IRA bill, and so they're pumping money into the economy

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<v Speaker 1>but getting nothing for it. That can all be changed,

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<v Speaker 1>and that's not as hard to change as people think.

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<v Speaker 1>It just means sensible decisions at the top in Washington

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<v Speaker 1>to spend the money less wastefully.

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<v Speaker 3>David Mailpass three two David Mailpass, the former President of

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<v Speaker 3>the World Bank, on Trump economics. What did you wy

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<v Speaker 3>to have man deep sing and enter Agranian to get

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<v Speaker 3>the earning season of big big tech two three, four

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<v Speaker 3>five whatever it is this week, I believe in order alphabet,

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<v Speaker 3>Amazon's in there somewhere, Microsoft on the thirtieth Apple, and

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<v Speaker 3>the thirty first on will go. But a big, big,

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<v Speaker 3>big earning season week here is anerog rana an MSFT.

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<v Speaker 4>So when you look at Microsoft for over the next

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<v Speaker 4>twelve months, we are going to see massive capex going

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<v Speaker 4>into the market along with a little bit of margin degradation.

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<v Speaker 4>So this is not going to be financially a massive

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<v Speaker 4>year for Microsoft when it comes to earnings growth. But

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<v Speaker 4>at the same time, that's the only company where we

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<v Speaker 4>can see actual benefits of AI translating into revenue. And

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<v Speaker 4>I think that's most important for them is to prove

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<v Speaker 4>to the market that their AI revenue is picking up

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<v Speaker 4>better than anybody else out there, and their positioning is stronger.

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<v Speaker 4>And I think that's most important for Microsoft.

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<v Speaker 3>Erg run a brilliant conversation. Go back and look for

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<v Speaker 3>that on a podcast innerog Run a man deep sink

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<v Speaker 3>together on the technology. A lot of really good perspective

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<v Speaker 3>their stuff. To be honest, they really don't understand, like

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<v Speaker 3>finally the return of being, among other things as well.

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<v Speaker 3>Of course, one of the great things we do is

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<v Speaker 3>talk to academics. Katie Kaminsky is just brilliant off the

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<v Speaker 3>MIT Combine up on the Charles River. When we talk

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<v Speaker 3>to people from Purdue, we talk about Harry's Chocolate Fountain.

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<v Speaker 3>It's an important institution in West Lafayette, Indiana. There's not one.

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<v Speaker 3>There are selected institutions around the Massachusetts Institute of Technology.

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<v Speaker 3>Wander down mass f and it's real simple. The Miracle

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<v Speaker 3>of Science.

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<v Speaker 5>I like the Miracle of Science. It's a great I

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<v Speaker 5>don't know if you've been there before, but it's a

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<v Speaker 5>great hub right in the middle of Cambridge, so definitely.

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<v Speaker 5>They also have some other local MIT pubs like The

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<v Speaker 5>Thirsty Ear and another places, so yeah.

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<v Speaker 3>There's a few selected ones as well. Mis you there

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<v Speaker 3>the landscape around the Charles at River Again, thank you

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<v Speaker 3>to Simon Johnson. What a triumph for MIT and the

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<v Speaker 3>University of Chicago with this year's Nobel Prize Asamuglo and

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<v Speaker 3>Johnson very much likely my book of the year next year,

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<v Speaker 3>Power and Progress. Really can't say enough about it. I'll

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<v Speaker 3>give it a full read here as we stagger through

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<v Speaker 3>the holiday season. We're going to stagger through earning this

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<v Speaker 3>week into the politics of next Tuesday and beyond. We'll

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<v Speaker 3>do that with a team fired up to give you

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<v Speaker 3>the best in conversation. On YouTube. Subscribe to Bloomberg podcast

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