Speaker 1: Bloomberg Audio Studios, Podcasts, radio news.
Speaker 2: Single, best Idea. What an eventful day. Thank you to
Speaker 2: Charlie Pellett for stopping by. You know, we make a
Speaker 2: joke about it Europe on five dollars a day with
Speaker 2: Charlie Pellett. And of course all of you nationwide know
Speaker 2: his voice from the New York subways stand clear of
Speaker 2: the closing door. What an honor to have him ring
Speaker 2: a bell with Ken Prut years ago at the New
Speaker 2: York Stock Exchange and celebration of our anniversary at the time.
Speaker 2: Good to have Charlie Inn and Shnali Bassek I thought
Speaker 2: was just riveting frankly on a huge bonus season for
Speaker 2: Global Wall Street, American Wall Street in New York Wall
Speaker 2: Street as well. We appreciate her time. First off, Stuart
Speaker 2: Kaiser came back too quick to get a longer chat.
Speaker 2: Next time with City Group. He's got a very different job.
Speaker 2: It's much more trading. It's not three years in a hold.
Speaker 2: It's much more simple nuances of where we are in
Speaker 2: the market. Back and forth, and David Gura went to
Speaker 2: him on Deep Seek the uproar of two weeks ago
Speaker 2: and Stuart Kaiser constructive on Deep Seek.
Speaker 3: On the Deep Seak side, my takeaway it's a little
Speaker 3: bit more of a positive spin would be that this
Speaker 3: reaffirms that this is a core, key investable theme you
Speaker 3: have to have in your equity portfolio. What Deep Seak
Speaker 3: did is I think it changed the way people are
Speaker 3: investing in it. It sort of got them out of
Speaker 3: Semmes more into the software space things of that.
Speaker 2: I don't think it changed.
Speaker 3: I don't think it changed that this is it as
Speaker 3: a theme, but people have rearranged the.
Speaker 2: Detectare Stuart Kaiser there and this is really something that's
Speaker 2: going to percolate forward. The theme of AI off of vernings,
Speaker 2: Thank you Ragrana and man Deep Singh, was a supply
Speaker 2: and demand theme where the demand is there and they're
Speaker 2: struggling to keep up with supply, and that overlays into
Speaker 2: the open AI Altman Musk thing Tom mackenzie with that
Speaker 2: great interview with Sam Altman in Paris, and then of
Speaker 2: course overlays into like this quarter and this year and
Speaker 2: where are we in AI in twelve months if you know,
Speaker 2: let me know, I have no clue where we're going
Speaker 2: to that, but smart talk from Stuart Kaiser Monica Decenzo
Speaker 2: does very serious JP Morgan Private Bank counseling the Family office.
Speaker 2: It was fascinating conversation. Talked a lot about like when
Speaker 2: the children don't agree within a family office, those kind
Speaker 2: of things. Here is something that comes up always at
Speaker 2: a family office. Monica Decenzo on gold.
Speaker 1: We've been talking about gold for a couple of years now.
Speaker 1: I was up twenty eight percent or so last year.
Speaker 1: I think it's really after twenty eight percent on hard
Speaker 1: to go long out right. That said, I have clients
Speaker 1: who don't have very high allocations, so we've been doing
Speaker 1: there's interesting skew in gold. People are still trying to
Speaker 1: buy call to buy upside. So if you own gold
Speaker 1: out right right here, you want to buy some, you
Speaker 1: can caller that position cashless. The most you can lose
Speaker 1: in the years five percent. The most you can gaid
Speaker 1: is thirteen percent. By the way, if you make thirteen
Speaker 1: percent in gold, that's more than I think you're going
Speaker 1: to make an US equities and that's gold.
Speaker 2: Never have I had a Family Office member executive, I
Speaker 2: should say, talk about a collared put call trade on gold.
Speaker 2: That was a first for the show back decades. What
Speaker 2: an interesting week. We've got a lot of economic data
Speaker 2: coming up CPI, PPI, the Business Inflation Index on Thursday,
Speaker 2: and then retail sales on Friday. I really can't say
Speaker 2: enough about the lassitude around all the political noise we're seeing.
Speaker 2: Our radar is up. We're staying as focused as we
Speaker 2: can on economics, finance, investment, in international relations. We're on YouTube,
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