Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Single best idea to get you into Amoril Day weekend.
Speaker 2: What an a collective group today on a Friday before
Speaker 2: Memorial Day, we get people traveling into New York. It
Speaker 2: was great to see. We had someone coming from Geneva
Speaker 2: with pictape that was really really informative on AI. I'm
Speaker 2: not sure I'm a believer in it, but she tried
Speaker 2: to convince me that I would be a believer in it.
Speaker 2: We had Joe Mysik in legendary at Bloomberg. He is retiring.
Speaker 2: Joe Masik without question. Of two three hundred reporters over
Speaker 2: thirty years, has been the one with the least hysteria.
Speaker 2: He has been a common in professional voice with a
Speaker 2: municipal bond at Research and again. His comments there from
Speaker 2: everything from a minor league baseball financing of the Chicago
Speaker 2: Cubs out to what exactly happened in California in the
Speaker 2: Great Financial Crisis. He was just brilliant as well. Let's
Speaker 2: get through this quickly, because I know in your podcasts
Speaker 2: you got twenty minute podcasts The big take David Gera,
Speaker 2: look for that out on Bloomberg podcasts as well. Lawrence
Speaker 2: McDonald and his cohorts really try to look at some
Speaker 2: of the nuances that are out there. Here's Robert van
Speaker 2: Bettenberg of the bear Trap Report on the view forward.
Speaker 3: In play is international paper? Right, Brazilian companies want to
Speaker 3: looking to buy international paper. By the way, that's a
Speaker 3: testament of how slowly maitually foreign capitals buying the industrial
Speaker 3: heartland of America. But once they take over and absorb
Speaker 3: international paper, there's a splot, a slot opening up for
Speaker 3: another company to go into the SMP. Well, international paper
Speaker 3: as a one point two percent weight, so that's significantly.
Speaker 3: If thirty five trillion dollars is following the S and P,
Speaker 3: that means three hundred and forty fifty billion dollars is
Speaker 3: going to go into that.
Speaker 2: Nvidia does a ten for one stock split, Does that
Speaker 2: make it a doubt component? I mean, does Cisco go
Speaker 2: and then Video goes into the Dow?
Speaker 3: It could be that's up for them. Yeah, I think
Speaker 3: it's a Dow component, and you will have to see.
Speaker 3: I mean, they just made their their Dow changes, so yes,
Speaker 3: I'm sure they're vying for it, but there are other
Speaker 3: companies they're vying for it as well.
Speaker 2: Great conversations. You know, Facy Damian says, I was fired
Speaker 2: up over that conversation. But you know, to think of
Speaker 2: in Nvidia ten for one stock split and the idiocy
Speaker 2: of the Dow that they would go into the Dow
Speaker 2: maybe replace Cisco. You know, I don't know, just absolutely fascinating.
Speaker 2: I can't say enough about Lawrence McDonald's book. He was
Speaker 2: way out front and the wall of money that's there,
Speaker 2: that's Robert then Battenberg, Skuyler, Montgomery Conig is a TS Lombard.
Speaker 2: She writes brilliant note. She's out of the University of
Speaker 2: Saint Andrews and she writes brilliant, brilliant, brilliant notes from
Speaker 2: ts Lombard. Look to them for those smart ideas. Here
Speaker 2: is Skylert, Montgomery Konig for the dollar.
Speaker 4: You know, in the short term, I'm still a bit cautious.
Speaker 4: We're seeing more growth conversions with global growth kind of
Speaker 4: catching up the US growth. At the same time, the
Speaker 4: FED has had an asymmetric reaction function where because we
Speaker 4: know they don't want to hike, the market is looking
Speaker 4: for a reason to be dubbish. At the same time, positioning,
Speaker 4: you know, it's come off of it, but it's still
Speaker 4: stretched along the dollar. However, I am more positive in
Speaker 4: the medium term. You know, growth is converging, but as
Speaker 4: I said, US growth is still outperforming on an absolute basis.
Speaker 4: And the key point is that we still need to
Speaker 4: price policy diversions. Yes, the market is looking for the
Speaker 4: ECB to cut before the FED, but over the next
Speaker 4: year and over the next five years, policy pricing is
Speaker 4: pretty identical. So I think you need to price in
Speaker 4: more dubbishness in Europe and especially the UK, and that
Speaker 4: should be supportive for the dollar.
Speaker 2: Montgomery Knig of ts Lombard there as well. We're going
Speaker 2: to keep this short into a holiday weekend again, and
Speaker 2: we're on Apple CarPlay with some new improvements on Apple
Speaker 2: car Play, they've got a new uptick coming out where
Speaker 2: you can talk to your dashboard and turn the channel
Speaker 2: or turn Apple car Play to Bloomberg Surveillance. I mean
Speaker 2: it's like, you know, we dreamt about that fifty years ago.
Speaker 2: On Android play as well on YouTube search, Bloomberg Podcast
Speaker 2: it's working. Subscribe to Bloomberg Podcast to get all of
Speaker 2: the different efforts that we have as well, and of
Speaker 2: course on Apple Podcasts. Keeping it short today This is
Speaker 2: single best idea