WEBVTT - Single Best Idea with Tom Keene: Alexis Crow & Ed Ludlow

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news single Best Idea quickly

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<v Speaker 1>did a huge news flow, including the testimony of Kevin Worrish.

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<v Speaker 1>Will have much more coverage on that tomorrow as well.

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<v Speaker 1>Alexis Crowen from PwC and I talked to her late

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<v Speaker 1>on the interview. I just asked her about the right

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<v Speaker 1>and her United Kingdom.

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<v Speaker 2>What does that look like we've talked about this in

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<v Speaker 2>the past, is that.

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<v Speaker 1>She's looked at it serious.

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<v Speaker 2>But does that mean, you know, an acceleration of the

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<v Speaker 2>foundations and the institutions and questioning institutional integrity. I mean,

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<v Speaker 2>I think that's that's one question mark. The other thing

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<v Speaker 2>that we should think about is the rise of the

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<v Speaker 2>right is not your dad's GOP. The rise of the

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<v Speaker 2>right is not traditional obviously less fair free markets, and

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<v Speaker 2>so what we work with our clients to think about

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<v Speaker 2>is where can the government actually intervene, even if you've

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<v Speaker 2>been supportive of a government into your business and how

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<v Speaker 2>does your share price take a tumble off the back

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<v Speaker 2>of that.

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<v Speaker 1>Alexis crow of PWICE there I featured in that interview.

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<v Speaker 1>I think it was the green Book of the recent

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<v Speaker 1>meetings that Alexis crow attended in Washington of the IMF

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<v Speaker 1>and the World Bank. For the nerds out there, go

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<v Speaker 1>look for the PDF file of the Global Stability Report

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<v Speaker 1>of the IMF. It is the single best informed document

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<v Speaker 1>on financial stability. It is put together by Tobias Adrian

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<v Speaker 1>and his team at the IMF. And it's really PhD level, folks,

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<v Speaker 1>full disclosure, really sophisticated, really good charts. Not so much algebra,

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<v Speaker 1>but just a lot of depth of charts. It is phenomenal.

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<v Speaker 1>I look at it cover to cover. It's the green

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<v Speaker 1>book of the IMF meetings. Edwardlow in studio today and

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<v Speaker 1>from San Francisco. And of course the news is on Apple.

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<v Speaker 1>Here is from Bloomberg Tech ed Ludlow.

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<v Speaker 3>The Tim cook eral legacy is defined by operational excellence.

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<v Speaker 3>And so this morning I went through the Bloomberg terminal

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<v Speaker 3>and looked at how last year played out. From a

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<v Speaker 3>tarist's perspective, Right, we're all gonna die, so but not Apple.

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<v Speaker 3>And so it starts. Remember their fiscal quarters don't line

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<v Speaker 3>up with the calendar, but it starts with no impact.

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<v Speaker 3>We optimize supply chain, we managed inventory. Then remember this

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<v Speaker 3>is a company that's doing you know, like tens and

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<v Speaker 3>tens of billions of dollars a quarter. The impact goes

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<v Speaker 3>from eight hundred million to nine hundred million to one

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<v Speaker 3>billion of impact. But think about the volume of business

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<v Speaker 3>they're doing. They really mitigated against it, and that is

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<v Speaker 3>like what Tim Cook is good at. With the breaking

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<v Speaker 3>news of the last twenty four hours, everyone's been saying

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<v Speaker 3>this is all about Tim Cook as CEO twenty eleven,

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<v Speaker 3>taking over from Steve Jobs, I would just say, remember team.

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<v Speaker 3>Tim Cook joined Apple in ninety ninety eight, having been

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<v Speaker 3>at IBM as that was growing into a global juggernaut,

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<v Speaker 3>having been at all these other electronics companies in operations.

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<v Speaker 3>He had a long career Apple, starting COO two thousand

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<v Speaker 3>and five before he was CEO, and so his footprint

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<v Speaker 3>in DNA is really within the fabric at that company.

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<v Speaker 1>Caroline Hide and Ed Ludlow Bloomberg Tech, they have much

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<v Speaker 1>more on this transition at an American institution. We're on podcasts,

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<v Speaker 1>We're on Apple podcasts, Spotify at YouTube podcasts as well.

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<v Speaker 1>It's single best idea