Speaker 1: Bloomberg Audio Studios, podcasts, radio news, single bust Idea today
Speaker 1: and thank you to Apple for rolling this out. We're
Speaker 1: really thrilled with the initial effort of It's a six
Speaker 1: or seven minute look at two of our guests today. Today,
Speaker 1: we could have done like ten different guests. The way
Speaker 1: we work this is we're reading all the We're aggregating
Speaker 1: all the different newspapers out there in the geopolitics and
Speaker 1: that the Ft, for example, had an article out I
Speaker 1: think today or Sunday of like fifteen people with books,
Speaker 1: the book, they recommend, the book, they their favorite book,
Speaker 1: et cetera. Just you know, there's just the zeitgeist that's
Speaker 1: out there and it came in here and the team's
Speaker 1: working all weekend putting together this great guest list. I'm like,
Speaker 1: I don't know what we're going to talk about. And
Speaker 1: the answer is this Monday was fascinating. I don't know
Speaker 1: what else to say. By you know, we started out
Speaker 1: at seven a m. And I'm like, yeah, okay, and
Speaker 1: I'm miserable and they're giving me extra tang zero to
Speaker 1: get me through the hour. And by seven point thirty
Speaker 1: we were just rocking with a great set of guests.
Speaker 1: We were very lucky to have Bob Michael with us.
Speaker 1: He's at JP Morgan. He tells mister Diamond what to
Speaker 1: do with Bill's notes and bonds. We like having him
Speaker 1: because when he was at Penn he was expert in
Speaker 1: Greek and Latin. And we're talking to Bob Michael and
Speaker 1: out of nowhere there's this audible because he and I
Speaker 1: agree on this. That's why we're playing it for you,
Speaker 1: which is the FED speak today is absolutely out of control.
Speaker 1: Here's Bob Michael of JP Morgan on the Fed speak.
Speaker 2: You know, Tom, the one dead language that I miss
Speaker 2: is FED speak. Remember in the days, back in the eighties,
Speaker 2: when the Fed wasn't always telling you every day what
Speaker 2: you were thinking.
Speaker 1: I yearned for it.
Speaker 2: You used to get the Fed minutes, you used to
Speaker 2: get the listen to the Humphrey Hawkins testimony. You heard
Speaker 2: what Greenspan said, then you got out your secret FED
Speaker 2: decoder ring and interpret and what he meant. And there
Speaker 2: was a value to that.
Speaker 1: The mystery of this and this goes back to Lawrence
Speaker 1: Meyer's wonderful book, A Term at the Fed. Really it's
Speaker 1: a short read, but Larry Meyer of Washington University wrote
Speaker 1: a brilliant book on the green Spanny in silence. I
Speaker 1: kid you not. Mike McKee would see which sandwich Allan
Speaker 1: Greenspan would take to the FED the day of the
Speaker 1: FED meeting. He was ham and cheese. That meant he
Speaker 1: was dubvish, and if it was peanut, butter and jelly,
Speaker 1: he was bullsh or whatever. But the answer is, I'm
Speaker 1: like Bob Michael, I just there's way too much FED speak. Now.
Speaker 1: Let us know what you think about that email, YouTube,
Speaker 1: live chat and all that. There's any number of other
Speaker 1: people we could have for single best idea today. I'm
Speaker 1: gonna go excuse me, I've mean gasping all weekend. It's
Speaker 1: watching Nick Sixers basketball, I guess shouting and all that.
Speaker 1: Another voice here and the heritage here is important. She's
Speaker 1: just so Fi and you're like, Okay, big deal, who's
Speaker 1: so Fi? Liz Young has the privilege of working with
Speaker 1: Anthony Nodo and some of you will know that name
Speaker 1: from Global Wall Street, but a lot of people are like, Sofi,
Speaker 1: what Anthony Noo what? This is one of the heritage
Speaker 1: technology analyst firms out there. Liz Young is their chief
Speaker 1: investment strategists, and the basic idea is you can talk
Speaker 1: to her, what's the market going to do down d
Speaker 1: But it's really about big tech in the path forward
Speaker 1: here into this mystery this earning season.
Speaker 3: I think what's going to happen this earning season we've
Speaker 3: already seen it a little bit, especially with the financials,
Speaker 3: is that it's not just about the results. It's always
Speaker 3: about the guidance. But I think right now, even more so,
Speaker 3: especially where equity valuations are, companies have to come in
Speaker 3: with guidance, and expectors are expecting the guidance to be
Speaker 3: stronger even than before. So companies have to come in
Speaker 3: with strong guidance and optimistic outlook in order to really
Speaker 3: be rewarded at these levels.
Speaker 1: Liz Young, it's so fine. I really want to mention
Speaker 1: Patrick Armstrong at Plurimi in London. He just flat out says, everybody,
Speaker 1: calm down, go with the big names that have got
Speaker 1: us here. I'm not saying I agree with that, but
Speaker 1: he was heated Allah Soufi and Anthony Noto that you
Speaker 1: just go with people generating free cash flow and free
Speaker 1: cash flow growth. All in all, just interesting, interesting Monday,
Speaker 1: Just no other way to put it. We're on Apple
Speaker 1: carp I got a nasty note over the weekend. Hate
Speaker 1: Now I get the hate mail. Lisa Mattel gets the
Speaker 1: love notes. I got a hate mail like mention. Android
Speaker 1: play and I looked it up and it's there and
Speaker 1: it's big. Android Play. Go to Google Play, you can
Speaker 1: get out. It's free the Bloomberg Business app. You download
Speaker 1: it and you get all of our radio work and
Speaker 1: all the podcasts and that on Apple car play, on
Speaker 1: Google Play, and also of course on YouTube. I really
Speaker 1: want to emphasize you go to YouTube, you search Bloomberg podcast.
Speaker 1: That's going to be the hub for everything we knew
Speaker 1: do in the new digital world, and we're building it out.
Speaker 1: Please have some patience here. I know some of you
Speaker 1: want like eight podcasts a day off the show. I
Speaker 1: don't know if we're going to get there, but we're
Speaker 1: working on building it out, and thank you so much
Speaker 1: for your initial support. Please tell people about single best
Speaker 1: idea we're thrilled out on Apple Podcasts is probably the
Speaker 1: lead place to find that. It's a start to an interesting,
Speaker 1: a strong week. It's single best idea