WEBVTT - Single Best Idea with Tom Keene: Maya MacGuineas & Matthew Winkler

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

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<v Speaker 2>A single best idea sliding into an interesting holiday. The

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<v Speaker 2>news in Britain today just suddenly a Prime Minister Starmer

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<v Speaker 2>and his labor government some real confidence issues. Something to

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<v Speaker 2>watch into Thursday and into the long United States a weekend.

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<v Speaker 2>This is where the colonies beat the home team and

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<v Speaker 2>that's probably why Britain is suffering right now. We'll see

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<v Speaker 2>on that of course Jobs Day tomorrow on a Thursday,

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<v Speaker 2>I will have complete coverage both Paul Sweeney and I

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<v Speaker 2>will be in to give you all of that market

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<v Speaker 2>moving effort at eight thirty Thursday morning. On the budget

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<v Speaker 2>and on the House vote. Maam mcguinnis with us, with

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<v Speaker 2>the Committee for a Responsible Federal Budget, and we looked

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<v Speaker 2>very simply where we are now with the vote.

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<v Speaker 1>You can't even say the Republicans and mean one thing

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<v Speaker 1>at this point. There's so many different factions to the

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<v Speaker 1>Republican Party. It's true for the Democrats as well, but

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<v Speaker 1>the spotlight is on them and their differences right now.

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<v Speaker 1>It's been really interesting to watch the development of this

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<v Speaker 1>reconciliation package because you have the old Republicans, those who

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<v Speaker 1>believed in lowering tax rates and believe that would funnel

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<v Speaker 1>enough growth to offset significant amounts of this. You have

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<v Speaker 1>the maga Republicans who are really much more populist and

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<v Speaker 1>are worried about these changes to entitlement benefits. Remember Republicans

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<v Speaker 1>used to acknowledge we needed to fix entitlements. Now they're

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<v Speaker 1>running away from Social Security and Medicare, which are the

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<v Speaker 1>two we need to focus on. And there's disagreements about

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<v Speaker 1>how far we should go with food stamps or Medicaid,

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<v Speaker 1>And there is just a huge disagreement within the party.

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<v Speaker 1>Are they the tech leaders, are they the populace? Have

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<v Speaker 1>they taken many from the Democrats who want entirely different things?

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<v Speaker 1>And I hope that the tough thing with fiscal policy

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<v Speaker 1>is nobody really wants the policies that we have to

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<v Speaker 1>contend with in order to fix our debt and deficit,

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<v Speaker 1>which is getting more revenues, controlling our spending and fixing

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<v Speaker 1>our entitlements.

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<v Speaker 2>Min McGinnis on fire, I wish that was a one

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<v Speaker 2>hour conversation today. She was just absolutely outstanding. The founder

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<v Speaker 2>of Bloomberg News, our editor in chief emeritus, Matthew Winkler

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<v Speaker 2>dark in the door today on Tesla we spoke about Tesla,

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<v Speaker 2>but it took a moment to speak to him about

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<v Speaker 2>the great change for all of us and particularly for

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<v Speaker 2>his journalism, Artificial intelligence.

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<v Speaker 3>We're very lucky at Bloomberg News because we already have

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<v Speaker 3>AI summaries on much of our content. Yeah, However, what

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<v Speaker 3>is missing is, in fact what you just said, the

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<v Speaker 3>names making news. You get a narrative in the AI,

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<v Speaker 3>so but you don't get that. You don't get the

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<v Speaker 3>names leading the news right away. And that to me

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<v Speaker 3>is where there's a fundamental difference, because if you follow

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<v Speaker 3>the Bloomberg way, you're absolutely right. Names make news. There's

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<v Speaker 3>a protagonist, there's a subject. That's what we're drawn to always,

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<v Speaker 3>and that's news judgment. And AI doesn't yet have the

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<v Speaker 3>Bloomberg way. Maybe it will, but it doesn't yet have it.

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<v Speaker 2>Matthew Winkler, they're talking about artificial intelligence, which I tell you, folks,

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<v Speaker 2>it's a moving target and having really profound impacts. I'm

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<v Speaker 2>trying to read in on it each and every day

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<v Speaker 2>as I can. In our technology, it's about YouTube. I

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<v Speaker 2>just can't say enough about the first half of twenty

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<v Speaker 2>twenty five and the growth of this digital experiment for

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<v Speaker 2>Bloomberg surveillance that is YouTube, Subscribe to Bloomberg podcasts and

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<v Speaker 2>on YouTube podcasts. This is single best idea

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<v Speaker 1>During lauding m