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Speaker 1: Bloomberg Audio Studios, Podcasts, radio news.

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Speaker 2: Single best Idea. What an eventful Friday. We've got a

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Speaker 2: lovely surprise for you on the back of our two

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Speaker 2: conversations this morning. Let's get right to it next week.

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Speaker 2: Tech Earning's into the end of the month. I think

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Speaker 2: twenty nine Microsoft, thirty Apple in video the end of February,

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Speaker 2: and there's really only one voice you want to listen to,

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Speaker 2: who when everything's said and done, quarter after quarter has

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Speaker 2: been dead. On yesterday or the day before, Daniel Ives

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Speaker 2: of Webbush put out a blistering tweet saying the gloom

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Speaker 2: crew on Apple has it wrong. Here's Dan Eyes of

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Speaker 2: Webbush on the Apple decline.

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Speaker 3: Oh, I think it's a table bounder because it's my view.

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Speaker 3: You talk about Apple being light in the quarter, but

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Speaker 3: they're going to announce an Apple Intelligence partner in the

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Speaker 3: next few months, and then you ultimately are gonna have

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Speaker 3: twenty five percent of the world population when they access AI,

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Speaker 3: it's going to go through an Apple device.

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Speaker 4: So my view is just it's one that's how so

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Speaker 4: many have missed the last two and a half trillion,

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Speaker 4: and mark App and Apple they focus and the Bears

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Speaker 4: coming out they own the narrative. They scare white knuckles

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Speaker 4: and then Cook and Cooper Tino come through and you're like,

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Speaker 4: and that look and that that continues to be the

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Speaker 4: mantra here. This is a name you own. You don't

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Speaker 4: sell Apple, you.

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Speaker 2: Own it, Dan and I have Sarah. Of course, what

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Speaker 2: we do in surveillances give you different opinions. Craig Moffatt,

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Speaker 2: Maffitt Nathanson on about a week ago, not so much

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Speaker 2: negative on Apple, just saying the lift will be delayed

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Speaker 2: or extended out with a much more cautious view of

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Speaker 2: that from Greg Moffatt. And there Dan ives. Every week

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Speaker 2: there's always a research piece that comes out of the screen.

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Speaker 2: It just lets you know PDFs in the old days

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Speaker 2: we all got in printed. Forget about that. The PDF

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Speaker 2: comes right out of the computer screen. That happened with

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Speaker 2: Deutsche Bank and there George Sarahvellos in London, he wrote

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Speaker 2: a brilliant University of Cambridge economics piece and tariffs George

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Speaker 2: Saravellos of Deutsche Bank and the Trump tariffs to come.

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Speaker 5: What matters to me is what impacts the market, and

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Speaker 5: if you look at the price action this week in

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Speaker 5: the market, what was interesting and in something we had

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Speaker 5: warned about the previous week, the market was expecting an

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Speaker 5: immediate tariff announcement.

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Speaker 6: You could see it.

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Speaker 5: In the risk premium that was priced in to the

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Speaker 5: volatility space.

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Speaker 7: You could see the inflation break evens.

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Speaker 6: And therefore, when tariffs were not announced on the first

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Speaker 6: day of President Trump's new administration, you have seen the

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Speaker 6: market squeeze in terms of the doll loongs.

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Speaker 7: Now we're entering next week with almost the opposite dynamic.

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Speaker 7: The market has completely taken out the risk premium of

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Speaker 7: potentially media tariffs, especially in regard to Canada, and that would.

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Speaker 3: Be a big shock.

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Speaker 2: Georg Serravelle is there on the back and forth the

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Speaker 2: whiplash of this tariff debate. Of course we'll have that.

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Speaker 2: Joe Matthew and Kaylee Lyones really leading our debate on

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Speaker 2: that with balance of power. One of the great joys

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Speaker 2: we have at Surveillance. We make a joke he's a

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Speaker 2: surveillance meteorologist, but we're honored that across all of Bloomberg

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Speaker 2: he is our national weather guy. Rob Carolyn has been brilliant.

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Speaker 2: This Friday, we couldn't get mister Carolyn, so we went

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Speaker 2: to our meteorologist in Houston, Texas, Victoria Fernandez. Let's listen.

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Speaker 1: So we went and measured.

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Speaker 2: We got four inches. Woh God, should we get Carolyn.

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Speaker 2: I can handle one hundred and five degree heat with humidity.

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Speaker 2: I can't handle snow and twenty degree weather. It's just

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Speaker 2: not what we're made for here. One of the highlights

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Speaker 2: of the week from Houston, Texas, Victoria Fernandez the crossmark

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Speaker 2: and of course we talked with her asset allocation. She's

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Speaker 2: got some cautious view on the market. But I'll tell

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Speaker 2: you she said, you still got to participate. I did

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Speaker 2: not hear from her go to cash. She had to

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Speaker 2: leave us early and get out. And she's got the

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Speaker 2: John Deere. It's not battery power, it's a gas powered

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Speaker 2: snowblower to take care of that three or four inches

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Speaker 2: of snow buttressed up against the patio door. Without question,

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Speaker 2: the wow of the week was Jeffrey Cleveland out in

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Speaker 2: Los Angeles with Peyton and Regal. His vector of the

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Speaker 2: ten year yield out there somewhere is a stunning three

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Speaker 2: point six zero percent. That was a wow statistic. Next week,

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Speaker 2: Ian Lingoln will join us in BEMO Capital Markets, moving

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Speaker 2: to that fed meeting across the nation, Apple car Play,

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Speaker 2: Android Auto. Nice to hear from you on Sirius XM.

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Speaker 2: Thank you so much for your attention on Serious ex

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Speaker 2: Sam on YouTube and on YouTube podcasts. This is single

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Speaker 2: best idea