Speaker 1: Bloomberg Audio Studios, Podcasts, radio news. Single best idea and
Speaker 1: our single best idea is it's the one year anniversary
Speaker 1: when we began this experiment and we are absolutely humbled
Speaker 1: by the results. Of course, good morning to ninety nine
Speaker 1: FM in Boston. It's just been a huge success opening
Speaker 1: up here, just in the first number of months that
Speaker 1: we've been up in Boston with a much bigger signal,
Speaker 1: good morning, I kid from Antcataden to Block Island. It's
Speaker 1: not quite that large at signal, but we'll go with it.
Speaker 1: And we said good morning on all the radio that
Speaker 1: we have across the nation. But YouTube has been this experiment.
Speaker 1: They came to me and they said we got to
Speaker 1: go digital. Can you lead the way on this? And
Speaker 1: I said, yeah, okay, but you know YouTube, I mean
Speaker 1: what is it? And I've been completely turned and the reach,
Speaker 1: the scope, the scale of YouTube. Please subscribe to Bloomberg Podcast.
Speaker 1: It builds each in every day, single best ideas about
Speaker 1: two just snippets of conversation. Today was very difficult. Turstin's
Speaker 1: slock is with a Publo Global Management, linking in the
Speaker 1: American economy to twenty twenty five.
Speaker 2: For the US, it is the case that at the
Speaker 2: moment there are actually is some very unique tailwinds. First
Speaker 2: of all, US consumers are not very sensitive to interest
Speaker 2: rate hikes. We just found out over the last two
Speaker 2: years that even though the FED raise rates, because ninety
Speaker 2: five percent of mortgages are thirty at fixed rate, it
Speaker 2: really ended up being that the transmission mechanism of monetary
Speaker 2: policy in the US was quite muted simply because consumers
Speaker 2: were locked in and their mortgages at very low interest rates. Likewise,
Speaker 2: in the US we now have at data center boom
Speaker 2: that is adding in round numbers around zero point two
Speaker 2: percenter GDP growth every year. And finally, we also still
Speaker 2: have fiscal policy even before Trump coming from the chipsack
Speaker 2: the Inflation Douction Act, Infrastructure Act. So the tailways to
Speaker 2: the US outlook are quite unique. So therefore also your question,
Speaker 2: I see more decoupling where the US is doing well
Speaker 2: because of some unique sources of growth in the US,
Speaker 2: and the rest of the world unfortunately continues to do
Speaker 2: less well because of some unique hit winds that are
Speaker 2: not hit winds to the US economic out.
Speaker 1: Turston slack of Appollo Global Management. He was on fire
Speaker 1: about China as well with the huge demographic differences between
Speaker 1: the United States growing and China with some substantial population
Speaker 1: dynamics that could be a challenge forward. We had a
Speaker 1: wonderful nine o'clock hour. We compressed in a lot of
Speaker 1: equity analysis with Gina Martin Adams recommitting to a solid
Speaker 1: earning season. We had Steph Golden from Robinhood with that
Speaker 1: younger look, not a meme market, not a spec market,
Speaker 1: but a legitimate market higher and then Brian Belski joined
Speaker 1: from Bemo Capital Markets. Belski has really been on top
Speaker 1: of this Bullmart. It's saying you've got to be in,
Speaker 1: You've got to participate. We asked Brian Belski about Apple absolutely.
Speaker 3: I mean, if Apple's one of five stocks you want
Speaker 3: to own longer term, and when the stock is down,
Speaker 3: it's like a gift from God. I'm all in on AI,
Speaker 3: you know, but some of the best AI stocks are
Speaker 3: our restaurant brands. Timmy Horton's in Canada, Costco here, Walmart.
Speaker 1: We're gonna get to that.
Speaker 3: Yeah, so you have to be I think.
Speaker 1: It's real Tim Hortons. I mean, you get some blue
Speaker 1: chip stock, it should be a Bellweather doustock. Tim. He
Speaker 1: was a great hockey player. I can't say enough about him.
Speaker 1: We say thank you in your commuter course. Remember Apple, CarPlay,
Speaker 1: Android Otto. They build out each and every day on YouTube.
Speaker 1: The reach of YouTube, I'm learning every day about it,
Speaker 1: particularly the international reach is something that I think so
Speaker 1: many of us in America really don't understand. This podcast,
Speaker 1: We're out on YouTube. Podcast single Best Idea
Speaker 3: Seven