Single Best Idea with Tom Keene: John Lipsky & Brian Belski

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with John Lipsky & Brian Belski.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio News.

Speaker 2 (00:14):
I said, not once but twice today to Paul Sweeney,
my head is spinning. My head is spinning. It's single
best idea, and it's just the cacophony of news and
the themes and the grind of keeping up with this
as we all are doing at Bloomberg News. A team
is doing a great job of bringing in an eclectic

(00:35):
set of voices, and I get the feeling their heads
are spinning just as well. What a week in the
markets or recovery year, as we are taping a continued
lift of the markets off quiescent or benign inflation, retail
sales in two days will be a good state of
the consumer. Remember that's a nominal top line number. It's
a little different than inflation adjusted economic data. A Heritage

(01:01):
interview today with John Lipski. He is iconic with an
American international relations in economics affiliated always with this Stanford
of course at JP Morgan Economics and his public service
to the International Monetary Fund on China. On the US,
John Lipsky.

Speaker 3 (01:20):
The rest of the world is still obviously has to
take important account of what the world's largest economy is doing,
especially since it seems intent on altering at the very least,
if not disrupting, the institutional frameworks that were created largely

(01:43):
with the support of the United States. The rest of
the world is continuing to trade. In other words, for example,
within Asia, the growth of interregional trade continues to outstrip
that of trade with the between regions. Especially in the US. Also,

(02:03):
trade and services has continued to grow rapidly, and our
trade policies that have caused so much upset have exclusively
looked at trade in goods. But it's trades and services
that forms part of the most interesting opportunity for the
global economy.

Speaker 2 (02:21):
John Lipski now with the Johns Hopkins University. A number
of equity people with us today. Kelly Cox, thank you
so much. Julian Emmanuel was scintillating with Evercore Isi. He
remains committed to a bull market within the battle of
the American economy. Brian Belski in Brian has been a

(02:42):
confirmed bull. He was heated in the trade wars of
I think three weeks ago, four weeks ago. My head
spinning again on that. We had him in for a revisit.
He's with BEMO Capital Markets. Brian Belski, I'm passive and
active management.

Speaker 1 (02:58):
Following me is one of the greatest stock pickers ever
at Nancy Tangler. I'm a great friend of mine and
I think we're entering into this period of stock picking
and it means matter and you need to have a
lot of experience doing that. Number one. Number two, I've
said this for a long time now, for at least
ten plus years, that the mag seven or the big
cap tech stocks are the new consumer staples. If you
go back to the nineties, we went to liquidity and
where there was consistency and maybe maybe their business models

(03:21):
are changing.

Speaker 2 (03:21):
A little bit.

Speaker 1 (03:22):
We're going to see that in Google clearly. But I
think the consistency of the of the revenue growth going
forward and the liquidity that it offers investors, that's why
you have to own some of these names.

Speaker 2 (03:32):
Brian Bielski emo capital Markets. He reaffirms an optimism of
participating in the equity markets. I can't say enough about YouTube,
the international distribution in the American interest. Thank you so
much for that, And of course, and a commute across
the nation and Android Auto an Apple car play. Good

(03:53):
morning on Sirius XM is well on our podcast out
at Apple, out of spot Ify, on YouTube podcasts, this
is single best idea