Single Best Idea with Tom Keene: Jordan Rochester & Gautam Mukunda

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

In this episode, we feature conversations with Jordan Rochester & Gautam Mukunda.

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):
Single best idea on the single most chaotic day I've
seen since we started doing this, not over twenty years plus,
but just in the last year and a half two years.
Today was nuts. There was a great cartoon on Nickelodeon
years ago called Angry Beavers, and the two beavers are
like brothers. I think I can't remember and they go,

(00:36):
that's nuts. The entire day was like that. Lisa Matteo
saved us from the get go. I can't say enough
about Lisa Matteo's ability to coalesce all the different information
that's coming in. We were focused on talking conversations with
people that actually know what they're talking about. Man Deep

(00:57):
Singh was brilliant on AMD. I still don't understand AMD
and open aid. If you know, let me know as well,
and many others as well. Jordan Rochester joined us from
Azuo and the politics of LDP in Japan. It moved
the markets, Japanese equities higher, the yen weaker, and critically

(01:20):
bu price is depressed. Here is Jordan Rochester and immigration
dynamics in Japan.

Speaker 3 (01:28):
You've actually seen a big increase in the number of
foreign workers in Japan. So it's close to three point
eight percent four percent of total employees in Japan are
foreign born, and this is because of the demographic problem.
Roughly around six hundred thousand people less in Japan due
to more deaths than births is happening right here and now,
and that could be rising to a million in a

(01:49):
decade or so. So Japan needs immigration to fix that gap.
But you have now elected a conservative PM. She's conservative
in her ideals, and there is there's also another party
called the sense To Party in Japan, which is essentially
a position which is not as pro immigration as the
other parties are. So there is a backlash to the
rise in immigration. There is a backlash to the rise
in tourism as well culturally, and that's taking place in

(02:12):
Japanese politics.

Speaker 2 (02:13):
Jordan Rochester and he looks at yen weakness. Here is
perhaps an opportunity. I'm sure he'll write about that. Look
to Mizuo to get Jordan Rochester's thoughts on strong Japanese yen.
We finished strong in a Chaotic show with got A
mccinda of Yale University. Absolutely a phenomenal on American politics,

(02:34):
our civics as well here on the centrist Republicans and
the centrist Democrats, Professor Makunda of Yale.

Speaker 1 (02:43):
You are seeing people trying to push back. The New
York Times had an article saying that Seth Moulton was
going to challenge at Marquee in Massachusetts. And if Moulton runs,
he's not going to run for the left right like
he's a Marine. He's like, that's just not that's not
what is getting.

Speaker 2 (02:56):
Standberger is doing pretty good in Virginia, right, that's right.
Are there more of those people out there?

Speaker 1 (03:02):
I don't observe them. Andy Basher and Kentucky I think
is trying to sort of do that. But what they'll
have to thread the needle is being moderate on policy,
but not moderate and opposing Trump because if he's your
sort of saying, look like we saw GRESSI and Whitmer
really hurt herself by trying it, by seeing too willing
to work with Trump in ways the Democratic Party voters

(03:23):
just don't like.

Speaker 2 (03:24):
Gotta mccundia University has book Picking Presidents is a must
read on the tensions of the twentieth century. Again, a
major shout out today for Lisa Matteo her for keeping
the show on the rails. We're on podcasts on Apple
and Spotify, on YouTube podcasts. It's single best idea