WEBVTT - Single Best Idea: Robbert van Batenburg & Skylar Montgomery Koning (Podcast)

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

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<v Speaker 2>Single best idea to get you into Amoril Day weekend.

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<v Speaker 2>What an a collective group today on a Friday before

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<v Speaker 2>Memorial Day, we get people traveling into New York. It

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<v Speaker 2>was great to see. We had someone coming from Geneva

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<v Speaker 2>with pictape that was really really informative on AI. I'm

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<v Speaker 2>not sure I'm a believer in it, but she tried

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<v Speaker 2>to convince me that I would be a believer in it.

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<v Speaker 2>We had Joe Mysik in legendary at Bloomberg. He is retiring.

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<v Speaker 2>Joe Masik without question. Of two three hundred reporters over

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<v Speaker 2>thirty years, has been the one with the least hysteria.

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<v Speaker 2>He has been a common in professional voice with a

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<v Speaker 2>municipal bond at Research and again. His comments there from

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<v Speaker 2>everything from a minor league baseball financing of the Chicago

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<v Speaker 2>Cubs out to what exactly happened in California in the

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<v Speaker 2>Great Financial Crisis. He was just brilliant as well. Let's

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<v Speaker 2>get through this quickly, because I know in your podcasts

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<v Speaker 2>you got twenty minute podcasts The big take David Gera,

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<v Speaker 2>look for that out on Bloomberg podcasts as well. Lawrence

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<v Speaker 2>McDonald and his cohorts really try to look at some

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<v Speaker 2>of the nuances that are out there. Here's Robert van

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<v Speaker 2>Bettenberg of the bear Trap Report on the view forward.

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<v Speaker 3>In play is international paper? Right, Brazilian companies want to

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<v Speaker 3>looking to buy international paper. By the way, that's a

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<v Speaker 3>testament of how slowly maitually foreign capitals buying the industrial

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<v Speaker 3>heartland of America. But once they take over and absorb

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<v Speaker 3>international paper, there's a splot, a slot opening up for

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<v Speaker 3>another company to go into the SMP. Well, international paper

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<v Speaker 3>as a one point two percent weight, so that's significantly.

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<v Speaker 3>If thirty five trillion dollars is following the S and P,

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<v Speaker 3>that means three hundred and forty fifty billion dollars is

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<v Speaker 3>going to go into that.

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<v Speaker 2>Nvidia does a ten for one stock split, Does that

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<v Speaker 2>make it a doubt component? I mean, does Cisco go

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<v Speaker 2>and then Video goes into the Dow?

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<v Speaker 3>It could be that's up for them. Yeah, I think

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<v Speaker 3>it's a Dow component, and you will have to see.

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<v Speaker 3>I mean, they just made their their Dow changes, so yes,

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<v Speaker 3>I'm sure they're vying for it, but there are other

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<v Speaker 3>companies they're vying for it as well.

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<v Speaker 2>Great conversations. You know, Facy Damian says, I was fired

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<v Speaker 2>up over that conversation. But you know, to think of

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<v Speaker 2>in Nvidia ten for one stock split and the idiocy

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<v Speaker 2>of the Dow that they would go into the Dow

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<v Speaker 2>maybe replace Cisco. You know, I don't know, just absolutely fascinating.

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<v Speaker 2>I can't say enough about Lawrence McDonald's book. He was

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<v Speaker 2>way out front and the wall of money that's there,

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<v Speaker 2>that's Robert then Battenberg, Skuyler, Montgomery Conig is a TS Lombard.

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<v Speaker 2>She writes brilliant note. She's out of the University of

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<v Speaker 2>Saint Andrews and she writes brilliant, brilliant, brilliant notes from

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<v Speaker 2>ts Lombard. Look to them for those smart ideas. Here

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<v Speaker 2>is Skylert, Montgomery Konig for the dollar.

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<v Speaker 4>You know, in the short term, I'm still a bit cautious.

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<v Speaker 4>We're seeing more growth conversions with global growth kind of

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<v Speaker 4>catching up the US growth. At the same time, the

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<v Speaker 4>FED has had an asymmetric reaction function where because we

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<v Speaker 4>know they don't want to hike, the market is looking

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<v Speaker 4>for a reason to be dubbish. At the same time, positioning,

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<v Speaker 4>you know, it's come off of it, but it's still

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<v Speaker 4>stretched along the dollar. However, I am more positive in

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<v Speaker 4>the medium term. You know, growth is converging, but as

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<v Speaker 4>I said, US growth is still outperforming on an absolute basis.

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<v Speaker 4>And the key point is that we still need to

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<v Speaker 4>price policy diversions. Yes, the market is looking for the

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<v Speaker 4>ECB to cut before the FED, but over the next

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<v Speaker 4>year and over the next five years, policy pricing is

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<v Speaker 4>pretty identical. So I think you need to price in

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<v Speaker 4>more dubbishness in Europe and especially the UK, and that

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<v Speaker 4>should be supportive for the dollar.

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<v Speaker 2>Montgomery Knig of ts Lombard there as well. We're going

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<v Speaker 2>to keep this short into a holiday weekend again, and

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<v Speaker 2>we're on Apple CarPlay with some new improvements on Apple

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<v Speaker 2>it's like, you know, we dreamt about that fifty years ago.

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<v Speaker 2>single best idea