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Single best idea, and the single best idea in reality is every day is different.

Yesterday, coming off the madness of tariffs and deep seek and all that, we almost paused yesterday

and had more extended, lengthy, deeper conversations.

James Steele was just outstanding on gold yesterday, but there were many other high points. Today was right

back into strategy and into the news flow. We started strong with Julian Emmanuel. He's at Evercore

ISI, which for those of a certain vintage is ISI, which is Edward Hyman. Ed Hyman is a luxury of

Julian Emmanuel's wisdom on the equity markets.

I tried to dovetail in Ed Hyman's economics, Ed Hyman's cyclopedic knowledge of flows of goods

and services in America with Julian Emanuel's view on Mag 7. Let's listen.

We do.

No question about it.

And again, that goes back to Ed's roots as an MIT grad.

But from our perspective, what we've seen in the last couple weeks with the evolution of Deepseek is actually, if anything, going to accelerate adoption.

And that's the key, corporate America accelerating adoption of AI.

We as consumers are already there the same way we were, the internet in the early 90s,

before it hit desktops in corporate America.

Julian Emanuel, very on investment in America,

given all the volatility and distractions that we see right now. A second idea to play,

there were just so many to talk to, but we had to go to the outstanding work from the Levant,

...