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Speaker 1: Bloomberg Audio Studios, Podcasts, radio news. Single best idea and

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Speaker 1: our single best idea is it's the one year anniversary

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Speaker 1: when we began this experiment and we are absolutely humbled

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Speaker 1: by the results. Of course, good morning to ninety nine

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Speaker 1: FM in Boston. It's just been a huge success opening

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Speaker 1: up here, just in the first number of months that

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Speaker 1: we've been up in Boston with a much bigger signal,

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Speaker 1: good morning, I kid from Antcataden to Block Island. It's

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Speaker 1: not quite that large at signal, but we'll go with it.

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Speaker 1: And we said good morning on all the radio that

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Speaker 1: we have across the nation. But YouTube has been this experiment.

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Speaker 1: They came to me and they said we got to

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Speaker 1: go digital. Can you lead the way on this? And

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Speaker 1: I said, yeah, okay, but you know YouTube, I mean

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Speaker 1: what is it? And I've been completely turned and the reach,

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Speaker 1: the scope, the scale of YouTube. Please subscribe to Bloomberg Podcast.

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Speaker 1: It builds each in every day, single best ideas about

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Speaker 1: two just snippets of conversation. Today was very difficult. Turstin's

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Speaker 1: slock is with a Publo Global Management, linking in the

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Speaker 1: American economy to twenty twenty five.

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Speaker 2: For the US, it is the case that at the

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Speaker 2: moment there are actually is some very unique tailwinds. First

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Speaker 2: of all, US consumers are not very sensitive to interest

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Speaker 2: rate hikes. We just found out over the last two

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Speaker 2: years that even though the FED raise rates, because ninety

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Speaker 2: five percent of mortgages are thirty at fixed rate, it

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Speaker 2: really ended up being that the transmission mechanism of monetary

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Speaker 2: policy in the US was quite muted simply because consumers

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Speaker 2: were locked in and their mortgages at very low interest rates. Likewise,

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Speaker 2: in the US we now have at data center boom

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Speaker 2: that is adding in round numbers around zero point two

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Speaker 2: percenter GDP growth every year. And finally, we also still

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Speaker 2: have fiscal policy even before Trump coming from the chipsack

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Speaker 2: the Inflation Douction Act, Infrastructure Act. So the tailways to

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Speaker 2: the US outlook are quite unique. So therefore also your question,

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Speaker 2: I see more decoupling where the US is doing well

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Speaker 2: because of some unique sources of growth in the US,

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Speaker 2: and the rest of the world unfortunately continues to do

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Speaker 2: less well because of some unique hit winds that are

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Speaker 2: not hit winds to the US economic out.

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Speaker 1: Turston slack of Appollo Global Management. He was on fire

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Speaker 1: about China as well with the huge demographic differences between

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Speaker 1: the United States growing and China with some substantial population

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Speaker 1: dynamics that could be a challenge forward. We had a

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Speaker 1: wonderful nine o'clock hour. We compressed in a lot of

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Speaker 1: equity analysis with Gina Martin Adams recommitting to a solid

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Speaker 1: earning season. We had Steph Golden from Robinhood with that

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Speaker 1: younger look, not a meme market, not a spec market,

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Speaker 1: but a legitimate market higher and then Brian Belski joined

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Speaker 1: from Bemo Capital Markets. Belski has really been on top

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Speaker 1: of this Bullmart. It's saying you've got to be in,

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Speaker 1: You've got to participate. We asked Brian Belski about Apple absolutely.

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Speaker 3: I mean, if Apple's one of five stocks you want

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Speaker 3: to own longer term, and when the stock is down,

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Speaker 3: it's like a gift from God. I'm all in on AI,

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Speaker 3: you know, but some of the best AI stocks are

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Speaker 3: our restaurant brands. Timmy Horton's in Canada, Costco here, Walmart.

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Speaker 1: We're gonna get to that.

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Speaker 3: Yeah, so you have to be I think.

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Speaker 1: It's real Tim Hortons. I mean, you get some blue

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Speaker 1: chip stock, it should be a Bellweather doustock. Tim. He

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Speaker 1: was a great hockey player. I can't say enough about him.

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Speaker 1: We say thank you in your commuter course. Remember Apple, CarPlay,

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Speaker 1: Android Otto. They build out each and every day on YouTube.

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Speaker 1: The reach of YouTube, I'm learning every day about it,

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Speaker 1: particularly the international reach is something that I think so

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Speaker 1: many of us in America really don't understand. This podcast,

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Speaker 1: We're out on YouTube. Podcast single Best Idea

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Speaker 3: Seven