Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: I said, not once but twice today to Paul Sweeney,
Speaker 2: my head is spinning. My head is spinning. It's single
Speaker 2: best idea, and it's just the cacophony of news and
Speaker 2: the themes and the grind of keeping up with this
Speaker 2: as we all are doing at Bloomberg News. A team
Speaker 2: is doing a great job of bringing in an eclectic
Speaker 2: set of voices, and I get the feeling their heads
Speaker 2: are spinning just as well. What a week in the
Speaker 2: markets or recovery year, as we are taping a continued
Speaker 2: lift of the markets off quiescent or benign inflation, retail
Speaker 2: sales in two days will be a good state of
Speaker 2: the consumer. Remember that's a nominal top line number. It's
Speaker 2: a little different than inflation adjusted economic data. A Heritage
Speaker 2: interview today with John Lipski. He is iconic with an
Speaker 2: American international relations in economics affiliated always with this Stanford
Speaker 2: of course at JP Morgan Economics and his public service
Speaker 2: to the International Monetary Fund on China. On the US,
Speaker 2: John Lipsky.
Speaker 3: The rest of the world is still obviously has to
Speaker 3: take important account of what the world's largest economy is doing,
Speaker 3: especially since it seems intent on altering at the very least,
Speaker 3: if not disrupting, the institutional frameworks that were created largely
Speaker 3: with the support of the United States. The rest of
Speaker 3: the world is continuing to trade. In other words, for example,
Speaker 3: within Asia, the growth of interregional trade continues to outstrip
Speaker 3: that of trade with the between regions. Especially in the US. Also,
Speaker 3: trade and services has continued to grow rapidly, and our
Speaker 3: trade policies that have caused so much upset have exclusively
Speaker 3: looked at trade in goods. But it's trades and services
Speaker 3: that forms part of the most interesting opportunity for the
Speaker 3: global economy.
Speaker 2: John Lipski now with the Johns Hopkins University. A number
Speaker 2: of equity people with us today. Kelly Cox, thank you
Speaker 2: so much. Julian Emmanuel was scintillating with Evercore Isi. He
Speaker 2: remains committed to a bull market within the battle of
Speaker 2: the American economy. Brian Belski in Brian has been a
Speaker 2: confirmed bull. He was heated in the trade wars of
Speaker 2: I think three weeks ago, four weeks ago. My head
Speaker 2: spinning again on that. We had him in for a revisit.
Speaker 2: He's with BEMO Capital Markets. Brian Belski, I'm passive and
Speaker 2: active management.
Speaker 1: Following me is one of the greatest stock pickers ever
Speaker 1: at Nancy Tangler. I'm a great friend of mine and
Speaker 1: I think we're entering into this period of stock picking
Speaker 1: and it means matter and you need to have a
Speaker 1: lot of experience doing that. Number one. Number two, I've
Speaker 1: said this for a long time now, for at least
Speaker 1: ten plus years, that the mag seven or the big
Speaker 1: cap tech stocks are the new consumer staples. If you
Speaker 1: go back to the nineties, we went to liquidity and
Speaker 1: where there was consistency and maybe maybe their business models
Speaker 1: are changing.
Speaker 2: A little bit.
Speaker 1: We're going to see that in Google clearly. But I
Speaker 1: think the consistency of the of the revenue growth going
Speaker 1: forward and the liquidity that it offers investors, that's why
Speaker 1: you have to own some of these names.
Speaker 2: Brian Bielski emo capital Markets. He reaffirms an optimism of
Speaker 2: participating in the equity markets. I can't say enough about YouTube,
Speaker 2: the international distribution in the American interest. Thank you so
Speaker 2: much for that, And of course, and a commute across
Speaker 2: the nation and Android Auto an Apple car play. Good
Speaker 2: morning on Sirius XM is well on our podcast out
Speaker 2: at Apple, out of spot Ify, on YouTube podcasts, this
Speaker 2: is single best idea