Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: A single best idea sliding into an interesting holiday. The
Speaker 2: news in Britain today just suddenly a Prime Minister Starmer
Speaker 2: and his labor government some real confidence issues. Something to
Speaker 2: watch into Thursday and into the long United States a weekend.
Speaker 2: This is where the colonies beat the home team and
Speaker 2: that's probably why Britain is suffering right now. We'll see
Speaker 2: on that of course Jobs Day tomorrow on a Thursday,
Speaker 2: I will have complete coverage both Paul Sweeney and I
Speaker 2: will be in to give you all of that market
Speaker 2: moving effort at eight thirty Thursday morning. On the budget
Speaker 2: and on the House vote. Maam mcguinnis with us, with
Speaker 2: the Committee for a Responsible Federal Budget, and we looked
Speaker 2: very simply where we are now with the vote.
Speaker 1: You can't even say the Republicans and mean one thing
Speaker 1: at this point. There's so many different factions to the
Speaker 1: Republican Party. It's true for the Democrats as well, but
Speaker 1: the spotlight is on them and their differences right now.
Speaker 1: It's been really interesting to watch the development of this
Speaker 1: reconciliation package because you have the old Republicans, those who
Speaker 1: believed in lowering tax rates and believe that would funnel
Speaker 1: enough growth to offset significant amounts of this. You have
Speaker 1: the maga Republicans who are really much more populist and
Speaker 1: are worried about these changes to entitlement benefits. Remember Republicans
Speaker 1: used to acknowledge we needed to fix entitlements. Now they're
Speaker 1: running away from Social Security and Medicare, which are the
Speaker 1: two we need to focus on. And there's disagreements about
Speaker 1: how far we should go with food stamps or Medicaid,
Speaker 1: And there is just a huge disagreement within the party.
Speaker 1: Are they the tech leaders, are they the populace? Have
Speaker 1: they taken many from the Democrats who want entirely different things?
Speaker 1: And I hope that the tough thing with fiscal policy
Speaker 1: is nobody really wants the policies that we have to
Speaker 1: contend with in order to fix our debt and deficit,
Speaker 1: which is getting more revenues, controlling our spending and fixing
Speaker 1: our entitlements.
Speaker 2: Min McGinnis on fire, I wish that was a one
Speaker 2: hour conversation today. She was just absolutely outstanding. The founder
Speaker 2: of Bloomberg News, our editor in chief emeritus, Matthew Winkler
Speaker 2: dark in the door today on Tesla we spoke about Tesla,
Speaker 2: but it took a moment to speak to him about
Speaker 2: the great change for all of us and particularly for
Speaker 2: his journalism, Artificial intelligence.
Speaker 3: We're very lucky at Bloomberg News because we already have
Speaker 3: AI summaries on much of our content. Yeah, However, what
Speaker 3: is missing is, in fact what you just said, the
Speaker 3: names making news. You get a narrative in the AI,
Speaker 3: so but you don't get that. You don't get the
Speaker 3: names leading the news right away. And that to me
Speaker 3: is where there's a fundamental difference, because if you follow
Speaker 3: the Bloomberg way, you're absolutely right. Names make news. There's
Speaker 3: a protagonist, there's a subject. That's what we're drawn to always,
Speaker 3: and that's news judgment. And AI doesn't yet have the
Speaker 3: Bloomberg way. Maybe it will, but it doesn't yet have it.
Speaker 2: Matthew Winkler, they're talking about artificial intelligence, which I tell you, folks,
Speaker 2: it's a moving target and having really profound impacts. I'm
Speaker 2: trying to read in on it each and every day
Speaker 2: as I can. In our technology, it's about YouTube. I
Speaker 2: just can't say enough about the first half of twenty
Speaker 2: twenty five and the growth of this digital experiment for
Speaker 2: Bloomberg surveillance that is YouTube, Subscribe to Bloomberg podcasts and
Speaker 2: on YouTube podcasts. This is single best idea
Speaker 1: During lauding m