WEBVTT - Single Best Idea with Tom Keene: Wei Li & Mark Gurman

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News, single best idea, What

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<v Speaker 1>a great day. We're two days deep into September, back

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<v Speaker 1>to school and all that. Just great conversations. Thank you

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<v Speaker 1>to Lucas Shaw who came in from LA. Greatly appreciate

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<v Speaker 1>his effort. He has a huge conference coming up for

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<v Speaker 1>Bloomberg and Los Angeles here in a couple of weeks.

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<v Speaker 1>Just really good about the spirit of all the entertainment

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<v Speaker 1>and all that. A lot of other good conversations. John

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<v Speaker 1>Bilton of JP Morgan just brilliant on bonds this morning

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<v Speaker 1>we started strong Way Lee of Blackrock with us. Here

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<v Speaker 1>is Way Lee on the political rallies of a bond selloff.

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<v Speaker 2>Well, UK seems specific, but the challenge did they face

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<v Speaker 2>is not specific to the UK. UK is perhaps more

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<v Speaker 2>emblematic and more pronounced. But the bigger picture is this

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<v Speaker 2>is a tougher tradeoff environment facing the government and facing

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<v Speaker 2>central banks. The government is facing a tougher trade off

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<v Speaker 2>between fiscal discipline and also the need to spend more

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<v Speaker 2>to boost growth, and a central bank is facing a

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<v Speaker 2>tougher trade off between supporting growth and managing price stability

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<v Speaker 2>and inflation. So in this world shaped by a supply

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<v Speaker 2>constraint because of mega forces. We've talked a lot about them.

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<v Speaker 2>Tougher tradeoff is really characterizing the UK in particular, but

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<v Speaker 2>across the major economies.

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<v Speaker 1>WELLI a black rock. What did you want to have?

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<v Speaker 1>Mark German and with us today For those that are

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<v Speaker 1>not in the no, he is the Apple reporter. Mark

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<v Speaker 1>German is based out of la with Lucashaw. Mister German,

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<v Speaker 1>think the story you'll see that today or tomorrow driving

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<v Speaker 1>the Apple AI tobacco forward. Here is Mark German. Brutal

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<v Speaker 1>and the AI miss at Apple.

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<v Speaker 3>It is a miss and they screwed up terribly and

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<v Speaker 3>they missed the boat. The newest and most core technology

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<v Speaker 3>of this generation. They were at the forefront of mobile,

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<v Speaker 3>they were at the forefront of tablets, obviously, they're the

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<v Speaker 3>forefront of smart watches, the forefront of Bluetooth earbuds.

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<v Speaker 1>What would Steve Jobs do right now? I was supposed

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<v Speaker 1>to go out to Coopertino them all years ago, meet him.

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<v Speaker 1>I didn't. What would Jobs do right now?

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<v Speaker 3>I have no idea what Jobs would do? I mean,

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<v Speaker 3>he would probably be going crazy. I mean, there's the

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<v Speaker 3>famous story when they launched their cloud service fifteen years ago,

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<v Speaker 3>he fired a bunch of people in charge. He went

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<v Speaker 3>wild and he whipped it into shape and they launched

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<v Speaker 3>iCloud and it's not a game changer, but it's pretty

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<v Speaker 3>good compared to what they had before then. So I

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<v Speaker 3>think he'd be losing his mind.

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<v Speaker 1>Great perspective from Mark German. I can't say enough about

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<v Speaker 1>the impact of Bloomberg News is Mark German on the

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<v Speaker 1>World of Technology on podcasts on Apple and Spotify on

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<v Speaker 1>YouTube podcasts, It's single best idea s