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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: I said, not once but twice today to Paul Sweeney,

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Speaker 2: my head is spinning. My head is spinning. It's single

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Speaker 2: best idea, and it's just the cacophony of news and

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Speaker 2: the themes and the grind of keeping up with this

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Speaker 2: as we all are doing at Bloomberg News. A team

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Speaker 2: is doing a great job of bringing in an eclectic

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Speaker 2: set of voices, and I get the feeling their heads

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Speaker 2: are spinning just as well. What a week in the

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Speaker 2: markets or recovery year, as we are taping a continued

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Speaker 2: lift of the markets off quiescent or benign inflation, retail

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Speaker 2: sales in two days will be a good state of

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Speaker 2: the consumer. Remember that's a nominal top line number. It's

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Speaker 2: a little different than inflation adjusted economic data. A Heritage

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Speaker 2: interview today with John Lipski. He is iconic with an

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Speaker 2: American international relations in economics affiliated always with this Stanford

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Speaker 2: of course at JP Morgan Economics and his public service

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Speaker 2: to the International Monetary Fund on China. On the US,

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Speaker 2: John Lipsky.

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Speaker 3: The rest of the world is still obviously has to

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Speaker 3: take important account of what the world's largest economy is doing,

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Speaker 3: especially since it seems intent on altering at the very least,

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Speaker 3: if not disrupting, the institutional frameworks that were created largely

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Speaker 3: with the support of the United States. The rest of

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Speaker 3: the world is continuing to trade. In other words, for example,

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Speaker 3: within Asia, the growth of interregional trade continues to outstrip

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Speaker 3: that of trade with the between regions. Especially in the US. Also,

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Speaker 3: trade and services has continued to grow rapidly, and our

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Speaker 3: trade policies that have caused so much upset have exclusively

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Speaker 3: looked at trade in goods. But it's trades and services

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Speaker 3: that forms part of the most interesting opportunity for the

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Speaker 3: global economy.

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Speaker 2: John Lipski now with the Johns Hopkins University. A number

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Speaker 2: of equity people with us today. Kelly Cox, thank you

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Speaker 2: so much. Julian Emmanuel was scintillating with Evercore Isi. He

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Speaker 2: remains committed to a bull market within the battle of

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Speaker 2: the American economy. Brian Belski in Brian has been a

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Speaker 2: confirmed bull. He was heated in the trade wars of

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Speaker 2: I think three weeks ago, four weeks ago. My head

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Speaker 2: spinning again on that. We had him in for a revisit.

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Speaker 2: He's with BEMO Capital Markets. Brian Belski, I'm passive and

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Speaker 2: active management.

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Speaker 1: Following me is one of the greatest stock pickers ever

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Speaker 1: at Nancy Tangler. I'm a great friend of mine and

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Speaker 1: I think we're entering into this period of stock picking

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Speaker 1: and it means matter and you need to have a

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Speaker 1: lot of experience doing that. Number one. Number two, I've

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Speaker 1: said this for a long time now, for at least

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Speaker 1: ten plus years, that the mag seven or the big

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Speaker 1: cap tech stocks are the new consumer staples. If you

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Speaker 1: go back to the nineties, we went to liquidity and

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Speaker 1: where there was consistency and maybe maybe their business models

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Speaker 1: are changing.

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Speaker 2: A little bit.

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Speaker 1: We're going to see that in Google clearly. But I

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Speaker 1: think the consistency of the of the revenue growth going

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Speaker 1: forward and the liquidity that it offers investors, that's why

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Speaker 1: you have to own some of these names.

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Speaker 2: Brian Bielski emo capital Markets. He reaffirms an optimism of

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Speaker 2: participating in the equity markets. I can't say enough about YouTube,

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Speaker 2: the international distribution in the American interest. Thank you so

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Speaker 2: much for that, And of course, and a commute across

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Speaker 2: the nation and Android Auto an Apple car play. Good

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Speaker 2: morning on Sirius XM is well on our podcast out

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Speaker 2: at Apple, out of spot Ify, on YouTube podcasts, this

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Speaker 2: is single best idea