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