1
00:00:02,520 --> 00:00:11,719
Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

2
00:00:12,760 --> 00:00:15,400
Speaker 2: The single best idea, which is the idea that there

3
00:00:15,400 --> 00:00:18,280
Speaker 2: were not presidential tweets today to shake the market as

4
00:00:18,280 --> 00:00:21,400
Speaker 2: we saw twenty four hours ago, maybe twenty eight hours

5
00:00:21,440 --> 00:00:27,120
Speaker 2: ago yesterday. But still I can't find enough words and

6
00:00:27,200 --> 00:00:30,560
Speaker 2: emotion on the tape. If you look at equities, bonds, currencies,

7
00:00:30,600 --> 00:00:36,800
Speaker 2: commodities across the Bloomberg launchpad, the vibration, the oscillation, the

8
00:00:36,840 --> 00:00:42,240
Speaker 2: febril nature of equities, bonds, currencies, commodities is absolutely tangible.

9
00:00:42,520 --> 00:00:44,600
Speaker 2: We saalked to Waylee if you needed a reason to

10
00:00:44,720 --> 00:00:48,279
Speaker 2: join LinkedIn. Wayley's work out on LinkedIn for black Rock

11
00:00:48,440 --> 00:00:54,080
Speaker 2: is absolutely spectacular. Here's Waylee, their chief global strategist, on

12
00:00:54,320 --> 00:00:55,720
Speaker 2: the risks of the moment.

13
00:00:56,200 --> 00:01:00,000
Speaker 3: They're really just two ways to invest in and navigate

14
00:01:00,280 --> 00:01:03,800
Speaker 3: this market. The first one is directionally and the second

15
00:01:03,800 --> 00:01:08,480
Speaker 3: one is thematically. So what flattening exposure directionally because in

16
00:01:08,480 --> 00:01:12,400
Speaker 3: the near term is just so trophy reacting to headlines.

17
00:01:12,440 --> 00:01:16,320
Speaker 3: But thematically, as a result of events in the middle

18
00:01:16,319 --> 00:01:20,119
Speaker 3: easiest to every single company, every single government globally, they

19
00:01:20,120 --> 00:01:24,480
Speaker 3: are going to think even harder about supply chain resilience,

20
00:01:24,720 --> 00:01:27,600
Speaker 3: even harder about energy independence, and those are the things

21
00:01:27,600 --> 00:01:28,600
Speaker 3: that want to lean into.

22
00:01:29,120 --> 00:01:32,440
Speaker 2: Really of black Rock. He was Definitive Sweets years ago,

23
00:01:32,600 --> 00:01:36,560
Speaker 2: working with Tom Galvin and also Dominic Constom not on

24
00:01:36,680 --> 00:01:40,000
Speaker 2: fixed income like Constant and our Irid Jersey, but more

25
00:01:40,040 --> 00:01:44,360
Speaker 2: in the equity space. Bred Newman is at Alger and

26
00:01:44,400 --> 00:01:47,279
Speaker 2: we spoke to him a really good conversations on AI.

27
00:01:47,680 --> 00:01:51,240
Speaker 2: But again Brad Newman, on the moment at hand, I

28
00:01:51,240 --> 00:01:52,560
Speaker 2: think it's easy to be distracted.

29
00:01:52,560 --> 00:01:56,240
Speaker 4: There's obviously a lot of economic implications from higher oil

30
00:01:56,320 --> 00:02:00,000
Speaker 4: prices and how that reverberates to the economy. And obviously

31
00:02:00,080 --> 00:02:03,320
Speaker 4: we're seeing not only inflation expectations and real rates increase.

32
00:02:03,960 --> 00:02:07,280
Speaker 4: But ultimately I think the much bigger issue that will

33
00:02:07,280 --> 00:02:09,320
Speaker 4: play out when all is said and done in the

34
00:02:09,320 --> 00:02:12,160
Speaker 4: Middle East, and there's an oil premium in the market

35
00:02:12,160 --> 00:02:15,399
Speaker 4: that will probably stay for a while. What people really

36
00:02:15,440 --> 00:02:18,520
Speaker 4: be focused on is that we're short compute in this

37
00:02:18,560 --> 00:02:19,400
Speaker 4: country in the world.

38
00:02:20,160 --> 00:02:24,200
Speaker 2: Very tech positive. Bread Newman of Elger speaking of tech

39
00:02:24,240 --> 00:02:28,760
Speaker 2: on podcasts wor at Apple where at Spotify, on YouTube podcasts,

40
00:02:29,160 --> 00:02:33,560
Speaker 2: it's single best idea