WEBVTT - Single Best Idea with Tom Keene: Anna Wong & Marc Champion

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>Single best idea. After traveling in Washington and Toronto and

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<v Speaker 2>back in the saddle today with all the confusion that's

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<v Speaker 2>going on, we demanded clarity with a wide set of conversations.

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<v Speaker 2>I want to mention Paul Sanki came in. It was

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<v Speaker 2>absolutely brilliant on hydrocarbons. I can't emphasize his concern of

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<v Speaker 2>the next sixty days globally in oil and all the

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<v Speaker 2>derivatives of oil that come down the food chain. We

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<v Speaker 2>spent time on ethane into ethylene. I don't understand it,

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<v Speaker 2>but guess what he understands it and says it's a

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<v Speaker 2>tenuous time. Anamong of Bloomberg economics getting ready for the

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<v Speaker 2>FED meeting next week. Yes, the worst testimony, but far more.

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<v Speaker 2>The narrowness of America can prosperity.

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<v Speaker 3>On the narrowness of the top ten percent. So they own.

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<v Speaker 3>The top ten percent own about eighty five to ninety

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<v Speaker 3>percent of all US equities. And then when you look

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<v Speaker 3>at the US equities, so much of it as is

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<v Speaker 3>driven by the Magnificent seven and right now the AI boom.

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<v Speaker 3>So I think you're right, Tom that the top ten

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<v Speaker 3>I think a lot of this wealth in the US

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<v Speaker 3>has been directed to the AI boom.

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<v Speaker 2>Right now, Charlie rose In with Invesco running their commercial

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<v Speaker 2>real estate credit division said sixty percent of the growth

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<v Speaker 2>in real estate credit New York and San Francisco six

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<v Speaker 2>zero sixty percent and their analog of Bloomberg Economics on

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<v Speaker 2>the narrowness of this American economic experiment. Mark Champion definitive

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<v Speaker 2>at the Wall Street Journal for decades now with Bloomberg opinion,

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<v Speaker 2>his work is just exquisite on the war and Europe.

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<v Speaker 2>Mark Champion on the five flavors of Iranian leadership.

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<v Speaker 1>Well, it's really five. So there's three official players in

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<v Speaker 1>in the leadership Council, and that's the president, which is

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<v Speaker 1>you know, a position. He's what you would call a

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<v Speaker 1>regime moderate, uh. And then you have Mohammed Carlibuff and

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<v Speaker 1>he's the former he's a former sorry that's my phone

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<v Speaker 1>going off. He's a former mayor of of Tehran and

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<v Speaker 1>also former i r g C head. But he's also

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<v Speaker 1>considered a regime pragmatist. And then you have you know,

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<v Speaker 1>the head of the judicial judiciary who really doesn't focus

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<v Speaker 1>on these kinds of things. He's important for you know, domestics, uh, security,

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<v Speaker 1>et cetera. But then you have two other figures who

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<v Speaker 1>are not named, and they are the you know, the

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<v Speaker 1>two I r GC heads and they really they called

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<v Speaker 1>the shots ultimately, and that became clear in the first

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<v Speaker 1>round of talks when they called the negotiating team back

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<v Speaker 1>for exceeding their mandate.

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<v Speaker 2>Mark Champion with needed clarity there on what America faces,

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<v Speaker 2>the president faces in the Eastern Mediterranean and with Iran

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<v Speaker 2>as well. On our podcast We're at Apple, where at

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<v Speaker 2>Spotify and YouTube podcasts, it's single best idea