WEBVTT - Single Best Idea with Tom Keene: Anastasia Amoroso & Dina Esfandiary

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

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<v Speaker 2>The single best idea, and an incredibly eclectic Friday. Just

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<v Speaker 2>lots of different voices here. The President out of the

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<v Speaker 2>tweet saying two points of GDP should be added back

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<v Speaker 2>in on government shutdown bea coming out saying definitely one

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<v Speaker 2>point ish, so not a bad number after you adjust

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<v Speaker 2>for the government shutdown. We adjusted with Anastasia Amoroso of

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<v Speaker 2>Partners Group. They're wonderful company out of Zoog, Switzerland, that's

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<v Speaker 2>one of the fancy parts of Zurich down the Lake.

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<v Speaker 2>And Anastasia Amoroso on this balance between American and continental investment,

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<v Speaker 2>the way.

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<v Speaker 3>We see allocations is that you don't pick one.

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<v Speaker 1>Or the other.

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<v Speaker 3>You do both. You do US, you do Europe, you

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<v Speaker 3>do Asia. And the reason for that, you know, if

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<v Speaker 3>you think about the next five years, let's say, it's

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<v Speaker 3>all about localization, supply chains, it's on shoring, it's about,

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<v Speaker 3>you know, making sure you cater to the domestic consumer.

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<v Speaker 3>So it used to be that you could allocate to

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<v Speaker 3>a US multinational and that would get you the Europe

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<v Speaker 3>exposure or China exposure. That's no longer the case. So

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<v Speaker 3>that's why I think you have to invest in each specific.

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<v Speaker 2>Region, Incision and Moroso of Partners Group. With all the

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<v Speaker 2>geopolitical news we talked to Diana as Fandiari of Bloomberg Economics,

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<v Speaker 2>just absolutely spectacular with the workout of King's College London

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<v Speaker 2>on war studies and Iran on America on Israel.

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<v Speaker 1>I mean, I think the main players are definitely the

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<v Speaker 1>US and Iran, and the main decision maker on this

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<v Speaker 1>front right now really is President Trump. But I think

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<v Speaker 1>Israel is playing a huge role in trying to sway

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<v Speaker 1>Trump and trying to really convince him either to go

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<v Speaker 1>to war or to have a very maximist position in

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<v Speaker 1>the nuclear negotiations. And bizarrely, compared to a few years

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<v Speaker 1>ago when the first nuclear deal was being negotiated, it's

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<v Speaker 1>the US's golf erab partners that are actually urging restraint,

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<v Speaker 1>that are saying we don't want war because we don't

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<v Speaker 1>know what will happen once the fighting starts.

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<v Speaker 2>Dina Sevandiari there with Bloomberg Economics, and of course all

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<v Speaker 2>the different news flow across the weekend. The look Ahead

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<v Speaker 2>looked at Joe Matthew and Katie Lines for a lot

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<v Speaker 2>of good coverage there as well, and I should mention

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<v Speaker 2>Henry Horden and Tyler Kendall in Washington on our podcast

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<v Speaker 2>on Apple, on Spotify, on YouTube podcasts. It's single best

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<v Speaker 2>idea