Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Single bus Daynia wringing the political season, some controversy.
Speaker 3: Thank you for the many notes, people disparaging me, people
Speaker 3: supporting me. Also, I think the hate mail won out.
Speaker 3: But that's you know, onto the next day and we'll see.
Speaker 1: But it is that time.
Speaker 3: And of course we've got the coverage of Bloomberg News.
Speaker 3: It was great to have Mike Shepherd on driving forward
Speaker 3: our coverage in Washington as we try to parse out
Speaker 3: the emotion, the policies, the future of the nation will
Speaker 3: do that to November fifth and beyond today. David Malpass
Speaker 3: in the former president of the World Bank. He was
Speaker 3: appointed by mister Trump and very much so we could
Speaker 3: have talked about well, international events and poverty and what
Speaker 3: they do with the World Bank. But no, David malpass
Speaker 3: ran for US Senate as a Republican fourteen years ago.
Speaker 3: He's got some real world political skill. We asked him
Speaker 3: to parse Trump economics.
Speaker 1: No, but to those three people, those were austerity policies,
Speaker 1: and what Trump is talking about is growth policies. They're
Speaker 1: very different. That means changing the regulatory policy so that
Speaker 1: people will actually build things. You know, a giant part
Speaker 1: of the semiconductor problem right now is you can't build
Speaker 1: a factory because of the rules that go into that
Speaker 1: IRA bill, and so they're pumping money into the economy
Speaker 1: but getting nothing for it. That can all be changed,
Speaker 1: and that's not as hard to change as people think.
Speaker 1: It just means sensible decisions at the top in Washington
Speaker 1: to spend the money less wastefully.
Speaker 3: David Mailpass three two David Mailpass, the former President of
Speaker 3: the World Bank, on Trump economics. What did you wy
Speaker 3: to have man deep sing and enter Agranian to get
Speaker 3: the earning season of big big tech two three, four
Speaker 3: five whatever it is this week, I believe in order alphabet,
Speaker 3: Amazon's in there somewhere, Microsoft on the thirtieth Apple, and
Speaker 3: the thirty first on will go. But a big, big,
Speaker 3: big earning season week here is anerog rana an MSFT.
Speaker 4: So when you look at Microsoft for over the next
Speaker 4: twelve months, we are going to see massive capex going
Speaker 4: into the market along with a little bit of margin degradation.
Speaker 4: So this is not going to be financially a massive
Speaker 4: year for Microsoft when it comes to earnings growth. But
Speaker 4: at the same time, that's the only company where we
Speaker 4: can see actual benefits of AI translating into revenue. And
Speaker 4: I think that's most important for them is to prove
Speaker 4: to the market that their AI revenue is picking up
Speaker 4: better than anybody else out there, and their positioning is stronger.
Speaker 4: And I think that's most important for Microsoft.
Speaker 3: Erg run a brilliant conversation. Go back and look for
Speaker 3: that on a podcast innerog Run a man deep sink
Speaker 3: together on the technology. A lot of really good perspective
Speaker 3: their stuff. To be honest, they really don't understand, like
Speaker 3: finally the return of being, among other things as well.
Speaker 3: Of course, one of the great things we do is
Speaker 3: talk to academics. Katie Kaminsky is just brilliant off the
Speaker 3: MIT Combine up on the Charles River. When we talk
Speaker 3: to people from Purdue, we talk about Harry's Chocolate Fountain.
Speaker 3: It's an important institution in West Lafayette, Indiana. There's not one.
Speaker 3: There are selected institutions around the Massachusetts Institute of Technology.
Speaker 3: Wander down mass f and it's real simple. The Miracle
Speaker 3: of Science.
Speaker 5: I like the Miracle of Science. It's a great I
Speaker 5: don't know if you've been there before, but it's a
Speaker 5: great hub right in the middle of Cambridge, so definitely.
Speaker 5: They also have some other local MIT pubs like The
Speaker 5: Thirsty Ear and another places, so yeah.
Speaker 3: There's a few selected ones as well. Mis you there
Speaker 3: the landscape around the Charles at River Again, thank you
Speaker 3: to Simon Johnson. What a triumph for MIT and the
Speaker 3: University of Chicago with this year's Nobel Prize Asamuglo and
Speaker 3: Johnson very much likely my book of the year next year,
Speaker 3: Power and Progress. Really can't say enough about it. I'll
Speaker 3: give it a full read here as we stagger through
Speaker 3: the holiday season. We're going to stagger through earning this
Speaker 3: week into the politics of next Tuesday and beyond. We'll
Speaker 3: do that with a team fired up to give you
Speaker 3: the best in conversation. On YouTube. Subscribe to Bloomberg podcast
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