Single Best Idea with Tom Keene: Matt Hornbach and Tim Adams

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

In this episode, we feature conversations with Matt Hornbach and Tim Adams.

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

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Episode Transcript

Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, Radio News, single best idea on
a Friday and one of the single best shows we've
ever done. A major thank you to Natalie Imparatoryly of

(00:24):
Manhattan College for just wonderful perspective on Rome. As we
go to a funeral this weekend. We heard from the
President leaving the White House to go to Rome, but
a lot of discussion about this world that we're living
in turned upside down. One of the features that we're
looking at is not so much the finance economics investment,

(00:47):
but the behavior that's out there. Matthew Hornback is Morgan Stanley,
and what's so different and wonderful about his work is
a tour of duty, a substantial tour of duty in
Tokyo for Morgan stany family a good fifteen years ago.
Right now, I think among the politicians, lots of saving

(01:07):
face going on here. Matthew Hornbach of Morgan Stanley on
saving face.

Speaker 2 (01:13):
Ultimately, you know, saving face is about you know, being
able to you know, face face both you know your
your inner soul as well as those of your friends
and your family and your constituents, and in the end
you know you're you're trying to You're trying to do
something that you think is the right thing to do,

(01:35):
both for yourself and your inner morality, as well as
as well as your the people for which you serve.
I think the concept of saving face is certainly one
that you know was maybe born in Asia, but I
think is really a human concept. You're trying to do
the best thing for you and the people that you
care about, and I think for a lot of politicians

(01:58):
around the world, you know that that that sometimes can
be tricky. There's a lot of different constituents that you serve,
but it's a human concept more than just a concept.
On the Pacific Rim.

Speaker 1 (02:10):
Nicely said, and there will be a little bit of
that moving forward here as we try to extricate ourselves
in some form some way of this moment. The interview
of the week, without question, was Scott Bessant, the Secretary
of Treasury in Washington. At theF The IIF is nothing
more than the big bank lobby group. It's just as
simple as that, and the big issues with Charles Delaara

(02:34):
ran it for years and Tim Adams came in and
has done a phenomenal job providing leadership and messaging for
the group. He was the one who interviewed Scott Bessant
at this important speech. Here's Timothy Adams of THEIF on
the moment at end.

Speaker 3 (02:53):
Well, if you remember Bush forty one, who I worked
for as a young White House staffer, talked about a
kinder Jendler country, and I think that's true. I had
the honor working for Bush forty three as well, and
they believe it in real decorum. Look, I think there
are a lot of people across the country trying to
figure out which of the two boxes they fit in.
I just would like to find a party that wants
to be pro growth, pro business, pro capital formation, pro

(03:15):
risk taking, that believes in trade. As I said, We've
got two hundred and fifty years of experience that trade
actually makes us wealthier. So that's what I'm looking for.
And you know, there's no reason why the Republican Party
can't offer that or the Democratic Party. Right now, I
think the Democratic Party is a bit lost, but there's
an opportunity to reinvent themselves.

Speaker 1 (03:32):
Tim Adams, with a charge for the week, for the year,
and maybe into twenty twenty six as well. We are
in your commute across America. Thank you so much for
your interest, for getting in some of the numbers, and
your interests for this crisis, and we're really humbled by
the growth of the audience in this historic moment. We're

(03:54):
out on YouTube, at Bloomberg Podcasts subscribe, and at YouTube
podcast This is single best idea