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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: A single best idea and the first conversation we have today.

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Speaker 2: I really need to explain the heritage of what we

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Speaker 2: do here is we don't prepare any questioning and long

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Speaker 2: ago and far away, I just I have no memory

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Speaker 2: of preparing for this. We came up with the idea

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Speaker 2: of rip up the script. I detest scripts with a passion.

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Speaker 2: We have scripted name and title of guests, and that's

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Speaker 2: really about all. We have wonderful biographies prepared by our team,

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Speaker 2: and there'll be a research note from somebody, or a

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Speaker 2: couple paragraphs or that. Maybe somebody will send in three

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Speaker 2: research notes. To be honest, I'll glance at them looking

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Speaker 2: for key ideas. But always we've had this idea and

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Speaker 2: the jargon is to prepare an audible where we rip

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Speaker 2: up the script. You get lucky if you have someone

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Speaker 2: like Ben Laidler now Bradesco, who has been the number

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Speaker 2: one call in this bull market going back to Christmas

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Speaker 2: Eve of twenty eighteen, and we're just to talk to

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Speaker 2: Ben Ladler about the stock market, about the nasdack up,

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Speaker 2: all this attention with technology, Microsoft earnings this afternoon and such.

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Speaker 2: But I had to rip up the script and asked

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Speaker 2: Ben Ladler about Venezuela, Latin America and his great em

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Speaker 2: experience going back to JP Morgan decades ago.

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Speaker 3: I think most investors are unfortunately spectators to this. Unfortunately,

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Speaker 3: i've the last thirty years Venezuela has just shrunk to

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Speaker 3: become a fraction besides economy, stock market, bond market that

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Speaker 3: it used to be. Hopes are the altar this turns

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Speaker 3: around and we see a reintegration of what used to

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Speaker 3: be one of the biggest richest economies in Latin America

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Speaker 3: back into the region. But right now I think, unfortunately

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Speaker 3: we're right at the beginning of that, or maybe at

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Speaker 3: the very earliest stages of that.

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Speaker 2: Ben Laidler and I can't say enough for the delicacies

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Speaker 2: of compliance and all that these are sometimes difficult questions

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Speaker 2: for our guests to answer given their remit of where

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Speaker 2: they are. We thank Ben Laidlor and Bridesco for some

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Speaker 2: real informative clarity there on the unrest in Venezuela. Also

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Speaker 2: thank you to ros Matheson, head of all of our

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Speaker 2: government coverage, for her clarity there on just the agenda

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Speaker 2: of Venezuela trying to get to Wednesday morning. We'll have

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Speaker 2: continued coverage from our offices in Caracas as well our

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Speaker 2: news bureau, I should say, in Caracas. So much coming up.

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Speaker 2: It is the busiest week of the summer. A FED

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Speaker 2: meeting tomorrow. We'll have the FED decides myself, John Pharaoh,

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Speaker 2: Lisa Bramwenttz will bring that to you at the one

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Speaker 2: thirty hour in the afternoon. Much more coming up as well,

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Speaker 2: Microsoft earnings to dive into the tech frenzy of the

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Speaker 2: next two three days. We'll do that in Nvidia, by

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Speaker 2: the way, later this month, much later, I believe the

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Speaker 2: date's August twenty eighth. Within this is the new dialogue

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Speaker 2: and the FED setting the marker for that was the

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Speaker 2: vice chairman, the former vice chairman of the FED, Alan

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Speaker 2: Blinder of Princeton. He's been a wonderful friend of the show,

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Speaker 2: who wrote a blistering Wall Street Journal piece on the

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Speaker 2: FED and seasonality. Mike Green quite astute. It's simplify us

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Speaker 2: at management. Mike Green on the silliness of our data dependency.

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Speaker 1: Anecdotes are data in one form or another, right, but

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Speaker 1: we need to actually have a theoretical model and understanding

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Speaker 1: of what's really going on. We are looking at components

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Speaker 1: of inflation that are deeply lagging, things like insurance that

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Speaker 1: ensures the value of the car as of last year,

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Speaker 1: right that it relates to behaviors of consumers who are

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Speaker 1: increasingly and deciding to sue people for compensation in a

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Speaker 1: variety of ways. We're seeing this insurance fraud is rising.

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Speaker 1: Those are not inflationary. Those are market pressures and market powers,

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Speaker 1: and the answer to them, of course, is fewer people

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Speaker 1: drive cars. That's going to end up playing out even

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Speaker 1: as the FED reacts.

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Speaker 2: Mike Green, a Simplify Asset Management major shout out ed

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Speaker 2: Ludlow's visiting us in New York this week. We're going

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Speaker 2: to have him in a couple times through the week

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Speaker 2: and we'll do the big tech thing in San Francisco

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Speaker 2: in that But we did a wonderful segment today. Look

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Speaker 2: for that on our replay out at Bloomberg Podcasts out

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Speaker 2: at Bloomberg Surveillance. There you'll find the three hour replay.

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Speaker 2: Halfway through it is Ed Ludlow on his experiment of

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Speaker 2: driving at Tesla with no hands on the steering wheel,

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Speaker 2: and he's been fabulous about putting this out on Twitter

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Speaker 2: and frankly terrifying. Was just the trip across the Golden

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Speaker 2: Gate Bridge in San Francisco, and it was pretty good

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Speaker 2: and pretty smooth, but there was a butt. And I

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Speaker 2: tell you, I don't understand where this self driving thing

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Speaker 2: is going to. I do understand. We're on Apple CarPlay.

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Speaker 2: Probably he was listening on Apple CarPlay to Bloomberg Surveillance

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Speaker 2: at four a m. Or whatever in the morning in

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Speaker 2: San Francisco on Android Auto and of course subscribe to

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Speaker 2: Bloomberg Podcasts Our foundational effort on YouTube on Apple Podcasts.

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Speaker 2: This is single best idea