Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Single best idea. We'll be quick about it. On a Monday,
Speaker 2: sort of an odd Monday to say the least. Some
Speaker 2: merger activity, but just a really eclectic set of conversations.
Speaker 2: We did the H one B debate. Boy, we went
Speaker 2: on both sides, Presidents correct, bring it on American for
Speaker 2: America jobs, and a whole other side saying, you know what,
Speaker 2: there's not enough engineers in America for the need, and
Speaker 2: on we went, That's what we want to do is
Speaker 2: generate the conversation around some of these seismic events. Waylee
Speaker 2: was in with Blackrock, I asked her just the mathematics
Speaker 2: dynamics of the massive capex in artificial intelligence.
Speaker 3: I would say that actually, it's remarkably hard to get
Speaker 3: precise number written an investment for these capex because it's
Speaker 3: quite well hidden and they're not obligated to report them
Speaker 3: in a very precise form. But I would make the
Speaker 3: general observation that markets are letting them off the hook
Speaker 3: right now because it's really an existential build out race.
Speaker 3: You're either spending and overspending to stay in the game
Speaker 3: and stay on the table, or you will be viewed
Speaker 3: as well, you won't be part of the future mix, right,
Speaker 3: So I think markets are giving these tech companies some
Speaker 3: leeway to spend and overspend. We pay attention to free
Speaker 3: cash flow as a percentage of free cash flow. It's
Speaker 3: gone up quite a bit in terms of the kapex spent,
Speaker 3: but not to a level that they can't afford. Not
Speaker 3: to mention, they can always having too funding market public
Speaker 3: and private to raise additional cash to spend. Right So,
Speaker 3: you know, like right now, it's still early in this
Speaker 3: in this journey, and we see all systems go when
Speaker 3: it comes to AI build out.
Speaker 2: Really a black Recers thought that was really wonderful. I
Speaker 2: do want to say if I go to the Bloomberg
Speaker 2: terminal in the FA screen, I and I think all
Speaker 2: of us underestimate the cash generation of these juggernauts. Wayley
Speaker 2: alluded to that, but it's just jaw dropping to see
Speaker 2: the ability to raise cash from profit at some of
Speaker 2: these technology country companies. It was a tree today to
Speaker 2: have David Weston in the studio, of course, the driving
Speaker 2: force of Wall Street Week here at Bloomberg. We talked
Speaker 2: to him about education, higher education, the struggles of the universities.
Speaker 2: But they did an audible and he was wonderful. David
Speaker 2: Weston is the former leader of ABC News. Michael Eisner
Speaker 2: was out with a blistering critique of Disney and ABC
Speaker 2: this weekend. Of course, he did so much to further
Speaker 2: the career of mister Eiger. As an aside, I saw
Speaker 2: Sarah mcglough from the Canadian singer Songwriter saying she's not
Speaker 2: gonna do Lilith Fair project with Disney. Okay, fine. We
Speaker 2: asked David Weston about this moment for Disney and ABC.
Speaker 1: Bob has been a very powerful, very successful CEO, done
Speaker 1: his way too soon, but is there a real issue
Speaker 1: here for his long term reputation and brand. I would
Speaker 1: have to say, as his friend, Yeah, you got a problem,
Speaker 1: and I don't know exactly how you get out of this.
Speaker 1: I don't think. I do think is I think Jimmy
Speaker 1: Kimmel is going to have to sit down with somebody
Speaker 1: and talk, and Bob Iger is going to have to
Speaker 1: sit down with somebody, and mister.
Speaker 2: Kimmel has to speak with ABC and Disney or talk
Speaker 2: to somebody else.
Speaker 1: They've got to figure out how to deal with the public.
Speaker 1: I mean, Bob has got to explain what he did
Speaker 1: at somewhere sometime, somehow, which he doesn't want to do.
Speaker 1: I'm sure he's got to do.
Speaker 2: That, completely unrehearsed and unplanned. David Weston of Wall Street.
Speaker 2: We here at Bloomberg an event for a week. Here.
Speaker 2: I have to try to get home in the un
Speaker 2: traffic for all of us. It's a battle. Some of us.
Speaker 2: We may sleep under a park bench at Central Park
Speaker 2: on Tuesday or Wednesday. We're on a podcast Apple and
Speaker 2: Spotify on YouTube podcasts at single best idea