Single Best Idea with Tom Keene: Alexis Crow & Ed Ludlow

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On Saturday mornings, we put the past week's events into context, examining what happened in the markets and the world. Then on Sundays, we speak with journalists, columnists, and key political figures to prepare you for the week ahead. Join us as soon as you wake up and bring us with you wherever your weekend plans take you. Watch us on Bloomberg Television, listen on Bloomberg Radio, stream the show live on the Bloomberg Business app, or listen to the podcast. That's Bloomberg this weekend, Saturdays and Sundays starting at 7 a.m. Eastern. Make us part of your weekend routine on Bloomberg Television, Radio, and wherever you get your podcasts. Podcasts, Radio News. Single Best Idea quickly did a huge news flow, including the testimony of Kevin Warsh. We'll have much more coverage on that tomorrow as well. Alexis Crowe in from PwC. And I talked to her late in the interview. I just asked her about the right and her United Kingdom. What does that look like? We've talked about this in the past. I don't think that you've looked at it seriously. But does that mean, you know, an acceleration of the foundations and the institutions and questioning institutional integrity? I mean, I think that's that's one question mark. The other thing that we should think about is the rise of the right is not your dad's GOP. The rise of the right is not traditional, obviously laissez faire, free markets. And so what we work with our clients to think about is where can the government actually intervene? even if you've been supportive of a government into your business? And how does your share price take a tumble off the back of that? Alexis Crowe of PwC there. I featured in that interview, I think it was, the green book of the recent meetings that Alexis Crowe attended in Washington of the IMF and the World Bank. For the nerds out there, go look for the PDF file of the Global Stability Report of the IMF. It is the single best informed document on financial stability. It is put together by Tobias Adrian and his team at the IMF. And it's really PhD level, folks. Full disclosure really sophisticated really good charts Not so much algebra but just a lot of depth of charts It is phenomenal I look at it cover to cover It's the Green Book of the IMF meetings. Ed Ludlow in the studio today, in from San Francisco, and of course the news is on Apple. Here he is from Bloomberg Tech, Ed Ludlow. The Tim Cook era legacy is defined by operational excellence. And so this morning I went through the Bloomberg terminal and looked at how last year played out from a terrorist perspective, right? We're all going to die. Sell it. But not Apple. And so it starts, remember their fiscal quarters don't line up with the calendar, but it starts with no impact. We optimize supply chain. We managed inventory. Then remember, this is a company that's doing, you know, like tens of tens of billions of dollars a quarter. The impact goes from 800 million to 900 million to 1 billion of impact. But think about the volume of business they're doing. They really mitigated against it. And that is like what Tim Cook is good at. With the breaking news of the last 24 hours, everyone's been saying this is all about Tim Cook as CEO, 2011 taking over from Steve Jobs. I would just say, remember, Tim Cook joined Apple in 1998, having been at IBM as that was growing into a global juggernaut, having been at all these other electronics companies in operations. He had a long career at Apple, starting COO 2005 before he was CEO. And so his footprint and DNA is really within the fabric of that company. Caroline Hyde and Ed Ludlow, Bloomberg Tech. They'll have much more on this transition at an American institution. We're on podcasts. We on Apple Podcasts Spotify YouTube Podcasts as well It single best idea not recycled and so you know what actually matters as the day gets going. From Brussels, I'm following the politics, policy and the people shaping the European Union right now. And from London, I'm looking at what all that means for markets, money and the wider economy. We've got reporters across Europe and around the globe feeding in as stories break. So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens. It's smart, calm and to the point. And it fits into your morning. You can find new episodes of the Bloomberg Daybreak Europe podcast by 7am in Dublin or 8am in Brussels, Berlin and Paris. On Apple, Spotify, YouTube or wherever you get your podcasts. What separates good leaders from transformational ones? I'm Jessica Chen and in season two of Leading by Example, we'll sit down with executives like Grace Chen of Birdie Grey to find out. it's important to understand where you spike but also really acknowledge where you don't and find people who can fill those gaps listen to leading by example executives making an impact on the iHeartRadio app apple podcast or wherever you get your podcasts