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A single best idea and the first conversation we have today. I really need to explain the heritage of what we do here is we don't prepare any questioning and long ago and far away, I just I have no memory of preparing for this. We came up with the idea of rip up the script. I detest scripts with a passion. We have scripted name and title of guests, and that's really about all. We have wonderful biographies prepared by our team, and there'll be a research note from somebody, or a
couple paragraphs or that. Maybe somebody will send in three research notes. To be honest, I'll glance at them looking for key ideas. But always we've had this idea and the jargon is to prepare an audible where we rip
up the script. You get lucky if you have someone like Ben Laidler now Bradesco, who has been the number one call in this bull market going back to Christmas Eve of twenty eighteen, and we're just to talk to Ben Ladler about the stock market, about the nasdack up, all this attention with technology, Microsoft earnings this afternoon and such. But I had to rip up the script and asked Ben Ladler about Venezuela, Latin America and his great em experience going back to JP Morgan decades ago.
I think most investors are unfortunately spectators to this. Unfortunately, i've the last thirty years Venezuela has just shrunk to become a fraction besides economy, stock market, bond market that it used to be. Hopes are the altar this turns around and we see a reintegration of what used to be one of the biggest richest economies in Latin America back into the region. But right now I think, unfortunately we're right at the beginning of that, or maybe at the very earliest stages of that.
Ben Laidler and I can't say enough for the delicacies of compliance and all that these are sometimes difficult questions for our guests to answer given their remit of where they are. We thank Ben Laidlor and Bridesco for some real informative clarity there on the unrest in Venezuela. Also thank you to ros Matheson, head of all of our government coverage, for her clarity there on just the agenda
of Venezuela trying to get to Wednesday morning. We'll have continued coverage from our offices in Caracas as well our news bureau, I should say, in Caracas. So much coming up. It is the busiest week of the summer. A FED meeting tomorrow. We'll have the FED decides myself, John Pharaoh, Lisa Bramwenttz will bring that to you at the one thirty hour in the afternoon. Much more coming up as well, Microsoft earnings to dive into the tech frenzy of the
next two three days. We'll do that in Nvidia, by the way, later this month, much later, I believe the date's August twenty eighth. Within this is the new dialogue and the FED setting the marker for that was the vice chairman, the former vice chairman of the FED, Alan Blinder of Princeton. He's been a wonderful friend of the show, who wrote a blistering Wall Street Journal piece on the FED and seasonality. Mike Green quite astute. It's simplify us
at management. Mike Green on the silliness of our data dependency.
Anecdotes are data in one form or another, right, but we need to actually have a theoretical model and understanding of what's really going on. We are looking at components of inflation that are deeply lagging, things like insurance that ensures the value of the car as of last year, right that it relates to behaviors of consumers who are increasingly and deciding to sue people for compensation in a variety of ways. We're seeing this insurance fraud is rising.
Those are not inflationary. Those are market pressures and market powers, and the answer to them, of course, is fewer people drive cars. That's going to end up playing out even as the FED reacts.
Mike Green, a Simplify Asset Management major shout out ed Ludlow's visiting us in New York this week. We're going to have him in a couple times through the week and we'll do the big tech thing in San Francisco in that But we did a wonderful segment today. Look for that on our replay out at Bloomberg Podcasts out at Bloomberg Surveillance. There you'll find the three hour replay.
Halfway through it is Ed Ludlow on his experiment of driving at Tesla with no hands on the steering wheel, and he's been fabulous about putting this out on Twitter and frankly terrifying. Was just the trip across the Golden Gate Bridge in San Francisco, and it was pretty good and pretty smooth, but there was a butt. And I tell you, I don't understand where this self driving thing is going to. I do understand. We're on Apple CarPlay.
Probably he was listening on Apple CarPlay to Bloomberg Surveillance at four a m. Or whatever in the morning in San Francisco on Android Auto and of course subscribe to Bloomberg Podcasts Our foundational effort on YouTube on Apple Podcasts. This is single best idea