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A single best idea is that it has been five days of an extraordinary week with endless conversations. Instead of a single best idea, there's just uncountable ideas within the jumble that we're living. Elena Papena was just off the equity desk here at Bloomberg News. It made very clear the jumble of themes and all everybody's struggling on a Friday to write into the weekend to publish for Monday morning Japan and Pacific rim time. It's not that I've
never seen it like this before. There's just a certain character because of the war, how we're all hung on each and every headline as well. Kevin Gordon was with us with Charles Schwab, just back from San Francisco. Kevin Gordon partitioning between the consumer and technology.
For now, it is the difference I think in the consumer versus the rest of you know, tech communication services. You can actually take that split. You know, consumer discretionary tends to get lumped in with tech and comm services because it has two of the two of the Mac seven. But I think if you excluded those and you look at the broader consumer sector. You know, discretionary has been unchanged for the past year and a half versus you know,
tech and com services doing much better. So I think that that's kind of been more of the nature of the k especially now, you know, assuming we get a relatively hot CPI next week for April, you're probably going to have another month where inflation adjusted wage growth was either zero or negative slightly. So I think it does make sense, given where we're at with both labor and inflation, why the consumer part of the market just hasn't participated as much.
Kevin Gordon of Charles Schwaz John Stulfice with us he has been able, he has been right, right, right, even so thick, and then he levels out with an SPX up well over eight thousand that interpolates to AW of sixty thousand. John stolf Is of OpCo.
Primarily is I think it's the market looking at prospects of what innovation will do likely as we move forward. We've already seen in the last few weeks a disembowelment of the thought that you know, you had to get immediate profits in terms of investment in AI. There seems even more reality. It takes time to see profits, but also the usage is going up significantly, both by consumers as well as businesses. I know, as a baby Boomer, I'm using it personally and I'm using it for business too.
AI is part of my life now and I love the ask B. I think, is it B ask you.
Can come back? John stolf As he can come back. Ask B is a really serious effort by Bloomberg to take all of the advantages and the of decades and decades and decades. I mean you look at the Dow Jones Industrial average back to World War One, to take just the synthesis of the Bloomberg terminal and bring it to our terminal users in an AI centric way. Tom Secunda, of course, one of our founders leading on this. Let's ask B go out at the terminal on podcasts where
at Spotify, we're at Apple on YouTube podcasts. It's single best idea.