WEBVTT - Single Best Idea with Tom Keene: Thierry Wizman, Dan Ives, & Joe Mathieu

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

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<v Speaker 2>Your single best idea will go quickly today. We're hoping

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<v Speaker 2>that you've seen this as a short podcast to fit

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<v Speaker 2>in with the other longer podcast, I recommend David Gura

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<v Speaker 2>the Bloomberg. The big take is they just they wont awards.

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<v Speaker 2>Why don't we win awards? I mean Gurras, the Gura

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<v Speaker 2>mantle at home. You can't even keep the awards on it.

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<v Speaker 2>It's getting so heavy. But the big take, look for

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<v Speaker 2>that out on Bloomberg and squeeze this one in as well.

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<v Speaker 2>We're gonna go quick here today. We got three conversations

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<v Speaker 2>for you. First, we're gonna talk to Terry Wiseman. He's

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<v Speaker 2>a Macquarie and he's really good at the sixty thousand

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<v Speaker 2>feet View. We did an audible with doctor Wiseman and

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<v Speaker 2>we said, okay, forget about global macro, China and all that.

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<v Speaker 2>How does technology and the technology overlay of America fit

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<v Speaker 2>into our future.

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<v Speaker 1>The investment in technology by these companies is going to continue.

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<v Speaker 1>I think they are vested in the concept, certainly of

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<v Speaker 1>artificial intelligence and the productivity gains we're going to benefit

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<v Speaker 1>from over time. The question is, is all of this

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<v Speaker 1>investment that they're doing more than is optimal with respect

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<v Speaker 1>to the productivity gains that are going to come out

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<v Speaker 1>of this revolution. The problem is that when we're talking

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<v Speaker 1>about these technological revolutions, the innovative revolutions, we don't really

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<v Speaker 1>know in ten to twenty years just how much revenue

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<v Speaker 1>increases are going to come, just how much GP is

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<v Speaker 1>going to strengthen, just how much the global economy is

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<v Speaker 1>going to benefit from these things. So I think the

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<v Speaker 1>market doesn't like things that are ten to twenty years

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<v Speaker 1>in the future, and I think with these kinds of revolutions,

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<v Speaker 1>that's what we're talking about. We haven't even started to

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<v Speaker 1>scratch the surface with respect to what the applications of

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<v Speaker 1>AI are going to be. Is it going to be

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<v Speaker 1>in biotechnology and pharmacy, Is it going to be in salting,

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<v Speaker 1>Is it going to be legal, et cetera. People are

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<v Speaker 1>still we're still in the investment phase, and until we

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<v Speaker 1>start to see the benefits of this, I think there

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<v Speaker 1>will always be doubts.

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<v Speaker 2>It sounds like the railroads one hundred and thirty years ago.

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<v Speaker 2>Terry Weisman, rul mcquarie there as well, coming down from

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<v Speaker 2>sixty thousand feet to six feet. Actually, you know, I

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<v Speaker 2>was watching the game last night and there's Pat Sajak

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<v Speaker 2>Wheel of Fortune and all that. Everyone's going mental. Missus

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<v Speaker 2>Key's going mental. Pat Sajex out there. OMG. Like in

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<v Speaker 2>the third row at Yankee Stadium one time there was

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<v Speaker 2>like a foul ball that went over by the first

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<v Speaker 2>baseline they're in the seventh row. Was Dan Eyes of

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<v Speaker 2>Wedbush Securities. We dragged them on after Yankees Dodgers, and

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<v Speaker 2>we said to Dan Ives, just simple here, you look

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<v Speaker 2>at Microsoft, you look at All give us an update.

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<v Speaker 3>I think will Fortune's bullsh it is specifically for Amazon

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<v Speaker 3>on the cloud side. I think that's going to be

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<v Speaker 3>the upside there as well as advertising and for Apple.

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<v Speaker 3>You know, as we've talked about, this will be a

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<v Speaker 3>better than expected iPhone number, and I think optimistic in

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<v Speaker 3>terms of cook go into what I believe is just

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<v Speaker 3>going to be a monster December holiday season for iPhone sixteen.

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<v Speaker 2>AI driving that Dena, it's a web Bush. He said

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<v Speaker 2>the game was painful. Well he's a Mets fan, but

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<v Speaker 2>he said it was New York painful for all of

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<v Speaker 2>you follow the Dodgers. What a victory. Just absolutely joy

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<v Speaker 2>to watch. All of this baseball here. Finally, the thing

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<v Speaker 2>about Joe Matthew. That's great. We're talking Terry Wiseman sixty

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<v Speaker 2>thousand feet. Matthew can go sixty thousand feet presidential who's

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<v Speaker 2>going to be at the inauguration in January. But he

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<v Speaker 2>also can go incredibly granular on the political process. I

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<v Speaker 2>love how he talks about the word political practitioners. From

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<v Speaker 2>the balance of power, Joe Matthew, we.

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<v Speaker 4>Like to talk to practitioners more than we'd like to

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<v Speaker 4>talk to partisans. And the people who were actually in

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<v Speaker 4>the field who are talking to people are the ones

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<v Speaker 4>who really don't have a sense of what's going to happen,

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<v Speaker 4>and they're very concerned that the sample's broken because polls

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<v Speaker 4>are based on the last election, the curve things, the

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<v Speaker 4>algorithm that they put on these numbers, and so Nate

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<v Speaker 4>Silver put it best today. If you want to talk

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<v Speaker 4>about somebody who's the French here, Trump and Harris, he wrote,

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<v Speaker 4>are a polling error away each from a blowout. This

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<v Speaker 4>could go five points in either direction on the presidential level.

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<v Speaker 4>On the House level, it could go five seats in

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<v Speaker 4>either direction. And that is why next week is going

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<v Speaker 4>to be such a slog.

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<v Speaker 2>Joe Mathews just extraordinary. Look for our election coverage. We're

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<v Speaker 2>gonna do that really all day Tuesday. Balance of Power

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<v Speaker 2>will be there and of course starting in the evening

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<v Speaker 2>as well. And then at seven pm Kayleie lines Joe Matthew,

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<v Speaker 2>John Ferrell driving forward our coverage across the nation in

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<v Speaker 2>a very long Tuesday night. This has been a very short,

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<v Speaker 2>single best idea out on Apple podcasts, on YouTube podcasts.

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<v Speaker 2>It is a single best idea