Bloomberg This Weekend | Qatar Sends Ship Through Strait, Passengers Disembark Ship with Hantavirus
Bloomberg Podcasts
0:03 ON BLOOMBERG THIS WEEKEND,
0:04 QATAR SENDS ITS FIRST SHIPMENT OF LNG THROUGH THE STRAIT OF HORMUZ.
0:09 SINCE THE IRAN WAR STARTED 40 DAYS AGO.
0:12 WHAT IT MEANS FOR THE WORLD'S ENERGY MARKETS.
0:14 THE SECRETARY OF STATE MEETS WITH THE QATARI PRIME
0:18 MINISTER IN MIAMI TO GAME PLAN POTENTIAL PEACE TALKS.
0:22 THE CREW SHIP DOCKS IN THE CANARY ISLANDS WITH THE WHO AND CDC ON HAND.
0:32 THE CONCERN— WE HAVE ALL EXPERIENCED BECAUSE OF COVID.
0:37 WHAT IS NEXT AS THE PASSENGERS DISEMBARK?
0:40 WE ARE A TINY COMPANY.
0:43 A TRADE COURT STRIKES DOWN PRESIDENT TRUMP'S 10% TARIFFS.
0:46 HEAR FROM THE SMALL BUSINESS SPICE IMPORTERS WHO CHALLENGED THE POLICY.
0:56 CHRISTINA: WELCOME TO BLOOMBERG THIS WEEKEND.
0:57 WE ARE COMING TO YOU LIVE FROM BLOOMBERG WORLD HEADQUARTERS IN NEW YORK.
1:03 DAVID: IT IS SUNDAY, MAY 10.
1:05 HAPPY MOTHER'S DAY AND WELCOME TO OUR LISTENERS
1:09 AND VIEWERS ACROSS OUR BLOOMBERG PLATFORMS,
1:12 RADIO, TV, BLOOMBERG.COM, THE BLOOMBERG BUSINESS APP.
1:13 CHRISTINA: WE ARE HERE WITH LISA MATEO, BUT FIRST, TWO BREAKING NEWS STORIES.
1:20 A CREW SHIP AT THE CENTER OF A HUNTER VIRUS OUTBREAK DOCKED OFF OF THE CANARY
1:24 ISLANDS AND THE FIRST ELEGY TAKER FROM QATAR
1:25 MAKING ITS WAY OUT OF THE STRAIT OF HORMUZ.
1:30 DAVID: IN THE MIDDLE EAST GULF NATIONS ARE REPELLING
1:31 WHAT SEEMS TO BE A WAVE OF DRONE STRIKES.
1:34 A COMMERCIAL CARGO STRIKE WAS ATTACKED BY DRONES AFTER LEAVING ABU DHABI.
1:41 HOSTILE DRONES ENTER THE COUNTRY'S AIRSPACE.
1:44 MOMENTS AGO THE UAE INTERCEPTED TWO IRANIAN DRONES.
1:46 CHRISTINA: THIS IS THE U.S.
1:47 AWAITS IRAN'S RESPONSE TO A LONG-TERM ENDED TO THE WAR.
1:51 THE CEASE-FIRE BEING TESTED WITH DUAL BLOCKADES ON THE STRAIT,
1:54 STILL NOMINALLY IN EFFECT.
1:55 THE FIRST ELEGY TAKER FROM QATAR IS MAKING
1:59 ITS WAY OUT OF THE STRAIT BOUND FOR PAKISTAN.
2:03 LET'S GET TO STEPHEN WHO LEADS OUR ENERGY COVERAGE OUT OF ASIA.
2:08 WHAT DO WE KNOW ABOUT HOW THE TAKER WAS ABLE TO GET THROUGH?
2:12 DID THEY WORK WITH THE IRANIANS, TAKE THE NORTHERN PATH?
2:15 STEPHEN: THERE ARE NOT A TON OF DETAILS AVAILABLE.
2:17 WE ARE TRYING TO FIGURE IT OUT AT THE MOMENT,
2:21 BUT THEY DID TAKE THE NORTHERN ROUTE WHICH
2:24 INDICATES THERE WAS SOME COORDINATION WITH THE IRAN.
2:27 THERE HAVE BEEN MANY ATTEMPTS BY QATAR
2:29 TO SEND ELEGY THROUGH THE STRAIT OF HORMUZ.
2:33 I'VE SEEN MULTIPLE SHIPS MAKE ITS WAY ON THE WESTERN SIDE AND TURN AROUND.
2:37 SEEMINGLY BECAUSE THEY WEREN'T ABLE TO GET PERMISSION OR THE SITUATION
2:41 BECAME POTENTIALLY TOO DANGEROUS FOR THE SHIP TO GO THROUGH.
2:43 THE FACT THAT THIS SHIP WENT THROUGH WAS SYMBOLIC.
2:46 IT'S THE FIRST ELEGY SHIPMENT TO GET OUT.
2:54 QATAR SUPPLIES 20% OF GLOBAL SUPPLY.
2:57 IT MEANS SOMETHING IN THAT MORE SHIPS COULD GET OUT.
3:00 IT IS GOING TO PAKISTAN WHICH IS A BIG DEAL.
3:04 NOT ONLY ARE THEY A KEY INTERMEDIARY BETWEEN U.S.
3:07 AND IRAN TALKS BUT PAKISTAN IS DEALING WITH AN ACUTE GAS SHORTAGE GETTING 99%
3:12 OF THEIR LNG FROM QATAR LAST YEAR
3:14 AND HAVE GOTTEN BASICALLY NOTHING SINCE THE WAR STARTED.
3:16 THIS SHIPMENT WILL HELP THEM AS THE WEATHER
3:18 WILL BE GETTING HOTTER OVER THE NEXT FEW WEEKS.
3:22 THAT SAID, IT'S SYMBOLIC.
3:24 IT DOESN'T REALLY CHANGE THE BALANCE.
3:25 ON A NORMAL DAY BEFORE THE WAR THREE SHIPMENTS OF LNG WOULD
3:31 GO THROUGH THE WEST-EAST SIDE AND BE EXPORTED OUT OF THE PERSIAN GULF.
3:34 THIS SINGLE SHIPMENT DOESN'T MEAN THERE WILL BE AN AVALANCHE MORE SUPPLIED.
3:40 THE OTHER SHIPS IN THE PERSIAN GULF DON'T APPEAR TO BE
3:45 MAKING THEIR WAY TO THE KEY WATERWAY AT THE MOMENT.
3:48 WE ARE DEFINITELY IN A WAIT AND SEE SITUATION.
3:51 THERE IS A BIT OF CELEBRATION ON THE PAKISTANI SIDE.
3:55 DAVID: PULLED BACK THE CURTAIN A BIT AND TALK ABOUT
3:58 HOW YOU TRACK THE MOVEMENTS OF THE SHIPS IN THE STRAIT.
4:00 IT POPPED UP ON THE DATA THAT WE'VE BEEN GOING THROUGH IT BLOOMBERG.
4:04 WHAT GIVES US VISIBILITY INTO THE MOVEMENTS IN THE STRAIT AND YOU
4:08 MENTIONED WE HAD THREE SHIPS GOING THROUGH PRIOR TO THIS CRISIS BEGINNING.
4:12 WHAT ARE THE INDICATIONS GOING TO BE WE GET
4:13 BACK TO A MORE NORMAL FLOW SHIPS IN THE FUTURE?
4:17 STEPHEN: WHAT IS INTERESTING IS GLOBAL SHIPS— THEY HAVE AIS.
4:24 WE ARE TRACKING THEM WITH SATELLITES.
4:26 THEY SEND SIGNALS TO THE SATELLITES THAT WE CAN SEE WHERE THEY ARE.
4:30 A LOT OF THE OIL FLEET,
4:33 SHIPS GO DARK IF THEY ARE CARRYING IRANIAN CRUDE OR GOING THROUGH THE STRAIT.
4:37 SOMETIMES THEY WILL GO DARK TO HIDE THEIR POSITION.
4:41 FOR LNG, BECAUSE OF THE NATURE OF THE MARKET,
4:44 THE SHIPS ARE VERY EXPENSIVE AND A LOT OF THE PLAYERS KNOW EACH OTHER.
4:47 THERE IS NOT MUCH OF A DARK MARKET.
4:50 IT IS EASIER TO TRACK LNG BECAUSE THE SHIPS
4:54 ARE LARGE AND USUALLY DO NOT TURN THEIR TRANSMISSION OFF.
5:01 THAT SAID, WHILE THE QATAR SHIP DID
5:03 GO THROUGH WITH ITS TRANSMISSION ON, THERE WERE
5:06 TWO SHIPS BY AN ELEGY EXPORTER IN THE PERSIAN GULF WHO SET TWO LNG SHIPS DARK.
5:12 IT IS MAKING IT MORE DIFFICULT TO TRACK THE AMOUNT OF LNG SHIPS GOING THROUGH,
5:17 BUT BECAUSE THERE ARE ONLY 700,
5:20 800 SHIPS IN THE GLOBAL FLEET COMPARED TO THOUSANDS FOR OIL,
5:23 IT'S EASIER TO TRACK AND WE CAN STILL SEE THERE ARE NOT THAT MANY GOING THROUGH.
5:30 LOOKING AT THE NEXT COUPLE OF WEEKS, IT WILL TAKE A WHILE TO GET BACK TO NORMAL
5:35 LNG EXPORT LEVELS AND EVEN OIL EXPORT LEVELS ACCORDING TO ARAMCO.
5:38 THEY SAID THE SAME THING.
5:40 EVEN IF THERE IS PEACE IT WILL TAKE
5:42 MONTHS FOR THE TRAFFIC TO GET BACK TO NORMAL, THE MARKET TO GET BACK TO NORMAL.
5:46 ONE, SHIPS ARE ALL OVER THE WORLD.
5:51 TWO, WILL SHIPS BE COMFORTABLE GOING THROUGH
5:52 THE STRAIT EVEN IF THERE IS A PEACE DEAL?
5:55 WILL THEY BE WORRIED IF THERE IS A SUDDEN ESCALATION?
6:00 THE RISK PREMIUM IN THE REGION WILL BE HIGHER FOR THE NEAR TERM.
6:09 FOR LNG, THE QATAR LNG EXPORT FACILITY WAS DAMAGED IN MARCH BY IRANIAN MISSILES.
6:13 17% OF ITS CAPACITY AS OFF-LINE AND IT WILL TAKE 3-5 YEARS TO COME BACK.
6:19 EVEN IF THERE WAS A NORMAL TRAFFIC AND SHIPS WERE IN THE RIGHT PLACES,
6:23 LNG SUPPLY WILL NOT BE BACK TO THE PRE-WAR LEVEL FOR YEARS.
6:26 CHRISTINA: THAT'S THE QUESTION I WAS ABOUT TO ASK.
6:33 I WAS WONDERING IF PRODUCTION,
6:34 WHAT PRODUCTION WAS AT, BUT YOU JUST ANSWERED THAT.
6:37 I WANT TO ASK ABOUT CHINA.
6:41 CRUDE IMPORTS FELL 20% IN APRIL, THE LOWEST LEVEL SINCE 2022.
6:43 HALF OF CHINESE SUPPLY COMES FROM THE MIDDLE EAST.
6:50 TALK ABOUT WHAT CHINA HAS DONE TO INSULATE ITSELF FROM THIS EXACT SCENARIO,
6:54 BUT IT'S NOT A PERFECT SYSTEM AND HOW LONG
6:56 CAN THEY LAST GIVEN THE HIT TO THEIR ENERGY SUPPLY?
7:01 STEPHEN: CHINA, FOR MUCH OF THE LAST DECADE,
7:04 HAS CARED SO MUCH ABOUT ENERGY SECURITY
7:06 AND HAVE DIVERSIFIED IN SO MANY DIFFERENT WAYS.
7:09 WE COULD TALK FOR AN HOUR ABOUT WHAT THEY'VE DONE, BUT LET'S LOOK AT OIL.
7:15 THEY HAVE BEEN INCREASING THEIR DOMESTIC OIL
7:18 PRODUCTION AND ARE VERY STRATEGIC WITH THEIR RESERVES.
7:23 A LOT OF LAST YEAR WE WERE TALKING
7:25 ABOUT ONE RATES BEING LOW AT CHINESE REFINERIES,
7:27 YET IMPORTS FOR CRUDE WERE SO HIGH
7:29 BECAUSE THEY WERE FILLING THEIR STRATEGIC RESERVES.
7:35 WHEN OIL AND BRENT WAS $60, $70 THE CHINESE WERE BUYING.
7:39 SO THEY HAVE A LOT OF STRATEGIC RESERVES.
7:40 THEY LIMITED THE AMOUNT OF FUEL THEY EXPORTED.
7:45 IN THE EARLY DAYS OF THE WAR, THEY ASKED REFINERS TO CUT BACK ON EXPORTS.
7:48 AT THE SAME TIME, WHEN YOU LOOK AT HOW THEY CONSUME OIL, THAT IS SHIFTING.
7:55 THIS IS MORE OF A LONG-TERM STORY,
7:58 BUT THE EV AND ELECTRIC TRUCK BOOM IN CHINA MEANS
8:02 THEY WILL DEPEND LESS ON THAT FUEL IN THE FUTURE.
8:05 IN THE MEDIUM-TERM THERE ARE PRESSURE POINTS, AND ONE IS NATURAL GAS.
8:11 30% OF THEIR LNG CAME FROM QATAR LAST YEAR.
8:18 WHILE THE COMPANY IS VERY INSULATED,
8:21 THEY HAVE DOMESTIC GAS AND PIPELINES FROM RUSSIA,
8:25 THE LNG DOES PLAY A SOMEWHAT KEY ROLE IN A REGION
8:30 OF CHINA IN THAT REGION IS BASICALLY CHINA'S FACTORY.
8:31 IT HAS THE ECONOMIC POWER OF SOUTH KOREA.
8:34 IT IS HUGE.
8:35 BECAUSE OF ITS LOCATION ON CHINA'S EASTERN COAST THEY IMPORT QUITE
8:41 A BIT OF LNG FOR POWER PRODUCTION AND USE IN OTHER INDUSTRIES.
8:47 IF IT STARTS TO GET REALLY HOT, FOR EXAMPLE,
8:51 THIS SUMMER, AND IF THERE IS A DRAINING OF HYDRO FACILITIES,
8:54 YOU COULD SEE A CRUNCH IN CHINA FOR GAS IF THEY AREN'T ABLE TO GET
8:57 WHAT THEY ARE GETTING FROM THE MIDDLE EAST AND LIKEWISE TO OIL FOR AN EXTENT.
9:02 DAVID: HE IS BASED IN SINGAPORE, HUGELY VALUABLE,
9:09 AND ESPECIALLY VALUABLE AS WE LOOK
9:11 AT THE SUMMIT WITH PRESIDENT TRUMP AND PRESIDENT XI.
9:13 ENERGY ISSUES WILL BE HIGH ON THE AGENDA.
9:16 THERE HAVE BEEN A SERIES OF MEETINGS
9:19 BETWEEN TRUMP ADMINISTRATION'S AND UAE LEADERSHIP.
9:22 CHRISTINA: THE QATARI'S, THEIR FOREIGN MINISTER AND PRIME MINISTER,
9:25 WERE IN WASHINGTON MEETING WITH THE VANCE AND WERE SUPPOSED
9:27 TO GO HOME AND WENT TO FLORIDA TO MEET WITH RUBIO.
9:29 TO ASK WHAT THE STATUS OF THAT WAS.
9:38 THE QATARIS HAVE A LOT OF EXPERIENCE MEDIATING.
9:40 PAKISTAN IS LESS EXPERIENCE AND THEY
9:42 HAVEN'T BEEN INVOLVED MUCH IN THESE NEGOTIATIONS
9:44 SO THERE ARE A COUPLE OF ARTICLES ASSUMING THAT'S WHAT THEY WERE DOING.
9:48 QATARI OFFICIALS PUSHED BACK SAYING THE MEETINGS WERE MOSTLY BILATERAL
9:54 ISSUES BUT THEY ARE PLAYING AN ADVISORY ROLE IN NEGOTIATIONS.
9:57 DAVID: MARCO RUBIO WAS IN ROME WITH THE POPE AND IS NOW
10:02 INVOLVED IN THESE CONVERSATIONS IN A WAY THAT HE HAD NOT BEEN PREVIOUSLY.
10:05 CHRISTINA: INVOLVED THAT IT WAS IMPORTANT ENOUGH
10:08 FOR THE QATARIS TO MAKE AN EXTRA TRIP, WHICH I FOUND INTERESTING.
10:14 THE COUNTRY'S HEALTH MINISTER IN COORDINATION WITH THE WHO AND 22
10:19 OTHER COUNTRIES BEGAN EVACUATING THE HANTAVIRUS
10:23 STRICKEN CRUISESHIP IN THE CANARY ISLANDS.
10:26 THE PASSENGERS ARE ASYMPTOMATIC.
10:28 THE ENTIRE OPERATION IS PROCEEDING NORMALLY.
10:36 THE FIRST TO DISEMBARK WILL BE THE SPANISH CITIZENS.
10:40 AND THEN THE FLIGHT TO THE NETHERLANDS WILL DEPART.
10:44 DAVID: JOINING US IS A DISTINGUISHED PROFESSOR
10:48 AT THE EMORY SCHOOL OF MEDICINE'S DIVISION OF DISEASES.
10:51 LET'S PICK UP WITH WHAT WE EXPECT TO HAPPEN OVER THE NEXT FEW HOURS.
10:54 IT SOUNDS LIKE MANY COUNTRIES ARE MARSHALING AIRCRAFT TO THE CANARY
10:59 ISLANDS TO BRING THEIR CITIZENS BACK TO THEIR RESPECTIVE COUNTRIES.
11:02 THE U.S.
11:02 FOR EXAMPLE.
11:03 WHAT WILL HAPPEN OVER THE NEXT 24-36 HOURS?
11:09 THANK YOU FOR HAVING ME.
11:11 FIRST, WHAT WE HEAR IS THE PASSENGERS BEING DISEMBARK ARE ALL ASYMPTOMATIC.
11:18 THEY DON'T HAVE ANY SYMPTOMS OF HANTAVIRUS
11:19 WHICH MEANS MAYBE THEY ARE NOT INFECTED YET.
11:22 WE DON'T KNOW.
11:24 MAYBE THEY WILL DEVELOP SYMPTOMS LATER.
11:27 FIRST ALL PASSENGERS WILL UNDERGO A HEALTH SCREENING.
11:31 THEY WILL BE QUESTIONED, HAVE PHYSICAL EXAMS, MAYBE DRAW SOME BLOOD.
11:33 THAT THEY WILL DECIDE IF THEY ARE TRULY ASYMPTOMATIC OR NOT.
11:39 THE AMERICAN CITIZENS WILL COME TO THE CRITICAL DISEASE
11:42 UNIT AT THE UNIVERSITY OF THAT IS FAIRLY LARGE.
11:49 THEY WILL BEGIN THE PROCESS IF THEY ARE ASYMPTOMATIC
11:52 AND IF ANYTHING SUGGESTS INFECTION THEY WILL BE KEPT IN ISOLATION.
11:57 IF NOT THEY WILL BE SENT HOME,
11:59 ENCOURAGED TO QUARANTINE THEMSELVES FOR THE NEXT SIX TO EIGHT WEEKS.
12:04 CHRISTINA: I WANT TO ASK HOW THIS SPREADS.
12:07 IT'S USUALLY SOMETHING THAT YOU GET BY COMING
12:10 INTO CONTACT WITH ANIMAL DROPPINGS THAT HAVE THIS VIRUS,
12:12 NOT USUALLY FROM PERSON TO PERSON, ALTHOUGH IT CAN BE.
12:16 PREVAILING WISDOM IS IF YOU GET IT PERSON
12:18 TO PERSON YOU HAVE TO BE IN CLOSE CONTACT.
12:20 SOME REPORTS FROM THE SHIP IS THAT NOT ALL
12:23 OF THESE INDIVIDUALS WHO TESTED POSITIVE FOR THE VIRUS
12:27 WERE IN CLOSE ENOUGH CONTACT THAT VIROLOGISTS WOULD
12:29 ASSUME THEY WERE SUSCEPTIBLE TO CONTACT THE VIRUS.
12:32 I KNOW THIS IS A DIFFERENT STRAIN THEN IN THE U.S.,
12:36 BUT IS THAT CONCERNING THAT THIS SEEMS TO BE
12:39 A METHOD OF TRANSMISSION THIS VIRUS DOESN'T USUALLY TAKE?
12:41 DR.
12:42 DEL RIO: IT DOES.
12:47 THE END IS— THE ANDES HANTAVIRUS IS THE ONLY ONE THAT SPREADS PERSON TO PERSON.
12:52 IN 2019, SOME PERSON GOT INFECTED BECAUSE THEY WERE IN THE SAME
12:56 ROOM WITH ANOTHER PERSON THAT WAS INFECTED ARE THE SAME BATHROOM.
13:01 IT'S CLEAR IF YOU HAVE CLOSE, INTIMATE CONTACT,
13:04 IN THIS CASE THE INDEX CASE AND HIS WIFE WERE INFECTED IN THE SAME CABIN,
13:10 THEY COULD HAVE BEEN INTIMATE SEXUAL EAT WHICH IS
13:12 WHY THE WIFE GOT INFECTED SO QUICKLY AND DEVELOPED SYMPTOMS.
13:15 THERE ARE A LOT OF THINGS ABOUT TRANSMISSION WE DON'T FULLY UNDERSTAND.
13:20 I THINK THIS OUTBREAK WILL HELP US UNDERSTAND THAT.
13:24 IT'S VERY CLEAR THAT THE CLOSER THAT YOU ARE,
13:27 THE MORE INTIMATE CONTACT, THE MORE LIKELY YOU ARE TO BE INFECTED,
13:30 BUT THAT DOES NOT MEAN THAT WE HAVE NOT
13:34 SEEN WHAT APPEARS TO BE FAIRLY CASUAL MECHANISMS OF INFECTION.
13:36 DAVID: I'M CURIOUS ABOUT THE GLOBAL PUBLIC
13:40 HEALTH APPARATUS BEING MARSHALED THERE IN TENE RIFE.
13:48 I WONDER WHAT THE CONSEQUENCES ARE AS YOU SEE THEM AS WE
13:52 WATCHED THIS EFFORT UNFOLD AND WHAT WE CAN LEARN FROM THIS EXPERIENCE.
13:54 IT MAY NOT LEAD TO THE GLOBAL PANDEMIC WE SAW WITH COVID-19 BUT WHAT CAN
14:00 WE LEARN FROM THE WAY THAT GOVERNMENTS RESPOND
14:01 TO THE CRISIS BREAKING OUT ON THE SHIP?
14:03 DR.
14:04 DEL RIO: FIRST, THE WORLD HEALTH ORGANIZATION HAS DONE A REMARKABLE JOB
14:11 STARTING WITH THEIR DIRECTOR GENERAL AND OF THE REST OF THE W.H.O.
14:15 TEAM.
14:15 THEY HAVE DONE A TREMENDOUS JOB.
14:20 THE DOCTOR IS ON SITE HELPING
14:26 AND PROVIDING LEADERSHIP AND TALKING TO THE SPANISH
14:27 GOVERNMENT ENSURING THAT THE BOAT WAS ABLE
14:28 TO DOCK IN THE PASSENGERS CAN BE SAFELY, SECURELY DISEMBARKED.
14:34 I THINK WE HAVE SEEN A MUCH-DIMINISHED CDC.
14:38 IF YOU THINK OF A PRIOR OUTBREAK, EBOLA,
14:42 THE CDC WAS QUICKLY THE CDC WAS VERY QUICKLY INVOLVED, SENT A TEAM OVER THERE.
14:46 THE CDC PROVIDED TECHNICAL ASSISTANCE.
14:47 WE ARE NOT SEEING A LOT OF TECHNICAL ASSISTANCE FROM THE CDC NOW.
14:54 IT ALMOST SEEMED LIKE THE CBC RESPONSE OCCURRED AFTER MANY, MANY DAYS.
14:56 IT WAS TOO LITTLE, TOO LATE.
15:01 WE NEED A STRONG CDC.
15:03 AS AMERICAN CITIZENS, WE WANT A STRONG CBC,
15:06 AC/DC THAT IS A LEADER IN HEALTH NOT ONLY NATIONALLY BUT GLOBALLY.
15:18 CHRISTINA: PEOPLE REALLY ARE STRESSED ABOUT THIS.
15:20 WE LITERALLY HURT PEOPLE ON THE STREET
15:22 IN MANHATTAN TALKING ABOUT IT— WE LITERALLY HURT PEOPLE
15:27 ON THE STREET IN MANHATTAN— WE LITERALLY HEARD
15:31 PEOPLE ON THE STREET IN MANHATTAN TALKING ABOUT IT.
15:39 DR.
15:39 TEDROS TALKED ABOUT IT.
15:40 DR.
15:41 TEDROS: THE CONCERN IS LEGITIMATE CARE BECAUSE WE
15:43 ALL HAVE EXPERIENCE WITH COVID, ESPECIALLY IN 2020.
15:44 THAT TRAUMA IS STILL IN OUR MINDS.
15:51 SO PEOPLE HAVE QUESTIONS, PEOPLE HAVE CONCERNS,
15:56 THAT IS WHAT I TRIED TO ADDRESS IN MY MESSAGE.
16:00 WE ARE HERE, WE UNDERSTAND CARE ABOUT THE SITUATION IS MUCH BETTER NOW.
16:03 CHRISTINA: HOW WORRIED SHOULD PEOPLE BE THAT THIS IS NOT AN ISOLATED OUTBREAK?
16:08 DR.
16:08 DEL RIO: ABOUT THIS ONE, I WOULD NOT BE WORRIED.
16:12 I AGREE WITH DR.
16:12 TEDROS.
16:12 THERE ARE STILL A LOT OF TRAUMA LEFT FROM COVID.
16:14 I WOULD SAY DON'T BE WORRIED.
16:19 THIS IS NOT THE FIRST OR LAST OUTBREAK.
16:21 WHAT I AM WORRIED ABOUT IS WE WILL CONTINUE TO HAVE THESE KINDS OF OUTBREAKS.
16:28 BELIEVE ME, ANTIVIRUS ON A CRUISE SHIP WAS ON MY BINGO CARD
16:30 OF THINGS THAT WOULD HAPPEN ON A CRUISE SHIP, BUT IT HAPPENED.
16:31 WE WILL SEE MORE THINGS LIKE THIS HAPPEN.
16:34 WHERE PEOPLE IN THE U.S.
16:37 NEED TO BE WORRIED ABOUT IS OUR PUBLIC HEALTH INFRASTRUCTURE.
16:41 THEY NEED TO WORRY ABOUT A WEAKENED CDC.
16:46 A LOT OF EXPERTISE HAS LEFT THE CDC.
16:49 WHAT WE NEED TO BE WORRIED ABOUT IS THE STATE
16:53 OF OUR HEALTH EXPERTISE IN OUR COUNTRY RATHER THAN THIS PARTICULAR OUTBREAK.
16:57 DAVID: DR.
16:59 CARLOS DEL RIO, THANK YOU FOR THOSE TIME.
17:03 AS WE WATCH THE IMAGES FROM TANNERIES,
17:05 PASSENGERS GETTING OFF OF THAT CRUISE VESSEL— FROM TENERIF,
17:08 PASSENGERS GETTING OFF OF THAT CRUISE VESSEL.
17:12 AND WE TALKED ABOUT THE SOPHISTICATED FACILITY IN NEBRASKA.
17:16 I THINK THEY WILL BE QUARANTINED FOR MANY DAYS, IF NOT WEEKS.
17:21 IT WAS USED FOR EBOLA AND COVID.
17:25 CHRISTINA: IT IS VERY REMINISCENT OF COVID.
17:29 WHEN THE STATE DEPARTMENT LAUNCHED THE GLOBAL WARNING.
17:35 IT WILL BE INTERESTING TO SEE HOW
17:38 THAT IS FACILITATED WITHOUT COOPERATING WITH THE W.H.O.
17:42 CHIEF JUSTICE JOHN ROBERTS SPEAKING OUT AS THE SUPREME
17:47 COURT STRIKES OUT A PORTION OF THE VOTING RIGHTS ACT.
17:50 THAT IS STRAIGHT AHEAD ON "BLOOMBERG THIS WEEKEND."♪ LISA:
18:03 THANK YOU FOR JOINING US LIVE ON "BLOOMBERG THIS WEEKEND." THE CRUISE SHIP
18:07 THAT WAS HIT WITH ANTIVIRUS ARRIVED AT THE PORT IN THE CANARY ISLANDS,
18:11 AND PASSENGERS ARE STARTING TO DISEMBARK.
18:15 AFTER MORE THAN A MONTH AT SEA, IT ARRIVED AT THE PORT.
18:16 THE WORLD HEALTH ORGANIZATION SAID ALL 147
18:24 CREW MEMBERS AND PASSENGERS ARE NOT THROWING SYMPTOMS.
18:27 THREE PASSENGERS HAVE DIED.
18:30 PASSENGERS ARE BEING TAKEN BY SHIP AND LEAD
18:33 TO THE AIRPORT WHERE THEY WILL GO TO THEIR HOME COUNTRIES.
18:35 THE SHIP WILL THEN GO TO THE NETHERLANDS TO BE DISINFECTED.
18:45 DR.
18:45 TEDROS GHEBREYESUS IS REASSURING PEOPLE.
18:48 DR.
18:50 TEDROS: THE RISK TO THE POPULATION IS LOW
18:54 P OF ONE BECAUSE OF THE DISEASE ITSELF.
18:57 BUT IT IS LOW BECAUSE THE SPANISH GOVERNMENT
19:02 HAS MADE ALL THE PREPARATIONS TO PREVENT ANY PROBLEM.
19:04 LISA: THERE HAS BEEN A NEW ATTACK ON THE VESSELS
19:10 IN THE PERSIAN GULF SINCE A CEASE-FIRE STOPPED BETWEEN THE U.S.
19:14 AND IRAN.
19:15 THE BRITISH MINISTER VERY— AFTER BEING HIT
19:20 BY AN UNKNOWN PROJECTILE OFF THE COAST OF Q ATAR.
19:29 A TANKER CARRYING LIQUEFIED NATURAL GAS APPEARS
19:32 TO HAVE TRANSITIONED INTO THE STRAIT OF HORMUZ,
19:33 MARKING THE FIRST EXPORT OUT OF THE REGION SINCE THE WAR IN IRAN BEGAN.
19:39 THE TINKER EXITED THE STRAIT AND IS IN THE GULF OF OMAN.
19:43 NEW AUDIO HAS BEEN RELEASED OF A FRONTIER
19:44 AIRLINES PILOT SPEAKING WITH AIR TRAFFIC CONTROL
19:47 MOMENTS AFTER THE PLANE STRUCK AND KILLED
19:49 A PEDESTRIAN ON THE RUNWAY AT DENVER INTERNATIONAL AIRPORT.
19:53 WE ARE STOPPING ON THE RUNWAY.
19:55 WE JUST HIT SOMEBODY.
19:57 WE HAVE AN ENGINE FIRE.
20:02 4345, I SEE THAT.
20:07 LISA: THE FAA SAYS THE PEDESTRIAN, NOT BELIEVED TO BE AN EMPLOYEE,
20:10 JUMPED OVER THE PERIMETER FENCE AND WAS KILLED TWO MINUTES LATER.
20:12 THE PLANE WAS CARRYING 244 PASSENGERS, 7 CREW MEMBERS WHO WERE EVACUATED.
20:25 EVERYONE WAS OK.
20:26 I KNOW THERE WERE MINOR INJURIES,
20:28 BUT AS FAR AS I KNOW, EVERYONE ON THE PLANE WAS OK.
20:32 REALLY GRATEFUL FOR THAT.
20:33 NOW IT IS JUST DEALING WITH THE AFTERMATH OF THE BIG MESS.
20:36 LISA: THAT BABY GIRL WAS ALL SMILES,
20:40 HELPING PEOPLE LIVE THEIR SPIRITS AS THEY WERE TRYING TO GET OFF THE PLANE.
20:44 CHRISTINA: THE SUPREME COURT'S NEXT TERM ENDS NEXT MONTH,
20:48 AND THERE ARE STILL A LOT BIG CASES YET TO BE DECIDED.
20:52 WE ARE WAITING FOR OPINIONS ON BIRTHRIGHT CITIZENSHIP,
20:57 PRESIDENT TRUMP'S MOVE TO FIRE FED GOVERNOR LISA, AND OTHERS.
21:02 DAVID: CHIEF JUSTICE JOHN ROBERTS SPOKE TO A JUDICIAL CONFERENCE,
21:07 SAYING I THINK PEOPLE VIEW US AS PURELY POLITICAL ACTORS,
21:09 WHICH I DO NOT THINK IT IS— IS AN ACCURATE UNDERSTANDING OF WHAT WE DO.
21:15 CERTAINLY THOSE ASPECT SHOULD BE OPEN
21:17 TO DEBATE AND PEOPLE SHOULD TALK ABOUT THEM,
21:18 BUT WE ARE NOT SIMPLY PART OF THE POLITICAL PROCESS.
21:24 LISA MURRAY HAS A NEW BOOK OUT
21:25 AND WE STARTED OUR CONVERSATION TALKING ABOUT THE COMMENTS.
21:31 IT IS INTERESTING THAT CHIEF JUSTICE FELT COMPELLED TO SAY THIS.
21:32 I THINK THERE HAS BEEN A LOT OF ATTENTION ON THE COURT THE LAST COUPLE YEARS.
21:40 NOT SIMPLY BECAUSE OF THIS PARTICULAR COURT HAS
21:42 OVERRULED A MAJOR DECISION IN ALMOST ALL THE LAST
21:46 FIVE YEARS BUT BECAUSE THE COURT HAS BEEN
21:49 THE INCREASED SUBJECT OF MEDIA COMMENTARY AND COVERAGE.
21:51 THE NEW YORK TIMES LAUNCHED A PULITZER
21:56 WINNING PRIZE GENERALIST ON THE COURT'SBEAT.
22:01 RECENTLY, THAT JOURNALIST AND A STALWART OF THE SUPREME
22:05 COURT BEAT PRODUCED A STORY THAT SHOW THAT THE CHIEF
22:08 JUSTICE HAS BEEN THE ARCHITECT OF WHAT HAS
22:10 EMERGED AS A MAJOR SHIFT IN THE COURT'S PROCEDURES,
22:13 AND THAT IS THE USE OF THE SHADOW DOCKET.
22:16 FOR THE CHIEF JUSTICE TO SAY THEY ARE
22:19 IMPROPERLY VIEWED AS POLITICAL IS KIND OF RICH, GIVEN THE NATURE OF THAT STORY,
22:23 WHICH SHOWED THE CHIEF JUSTICE REALLY
22:25 PUSHING THE COURT TO DEPART FROM TRADITIONAL
22:30 PROCEDURES ABOUT THE SHADOW DOCKET'S USE
22:34 TO KILL AN OBAMA ADMINISTRATION EPA PLAN.
22:37 IT IS A BIT WEAKSAUCE FOR THE CHIEF JUSTICE, BUT I UNDERSTAND IT.
22:41 CHRISTINA: CAN YOU EXPLAIN THE SHADOW DOCKET,
22:43 HOW IT HAS BEEN USED IN THE PAST AND HOW IT IS USED NOW?
22:46 MELISSA: THE SHADOW DOCKET IS AN INTERIM
22:49 PROCEDURAL DOCKET USE FOR CASE MANAGEMENT.
22:51 IT IS TYPICALLY USED IN THE CONTEXT
22:52 OF THE DEATH PENALTY OR ELECTION LAW DISPUTES,
22:54 WE HAVE TO HAVE AN INTERIM OR A DECISION IN THE MIDDLE OF PENDING LITIGATION,
22:58 BECAUSE THE LITIGATION IS TIME SENSITIVE FOR SOME REASON.
23:03 IN THE CONTEXT OF THE DEATH PENALTY,
23:04 SOMEONE WILL BE EXECUTED IN A FEW DAYS, AND THEREFORE A DECISION IS NEEDED.
23:12 IT TYPICALLY WAS NOT USED FOR REAL SUBSTANTIVE SESSIONS.
23:16 BUT JUST BECAUSE— JUST BEFORE THE TRUMP ADMINISTRATION
23:18 COME IN THE WANING DAYS OF THE OBAMA ADMINISTRATION,
23:20 THERE BEGAN TO BE MORE ACTIVITY ON THE SHADOW DOCKET,
23:24 STATES TAKING CASES DIRECTLY FROM THEIR SHADOW
23:26 DOCKET AND GETTING SUBSTANTIVE RULINGS.
23:28 THEIR CRITIQUE OF THE SHADOW DOCKET IT IS NOT THE IDEAL PLACE TO DO
23:34 THAT DECISION MAKING BECAUSE OFTEN THOSE ISSUES
23:38 ARE NOT SUBJECT TO FULL BRIEFINGS,
23:42 AND THE COURT ISSUES VERY SPARE BRIEFINGS, SOMETIMES JUST A LINE OR PARAGRAPH.
23:54 THERE HAS BEEN A HUGE UPTICK IN THE TIMES THE TRUMP ADMINISTRATION
23:57 AND STATES HAVE GONE TO THE COURT
23:59 SEEKING SHADOW DOCKET RULINGS ARE SUBSTANTIVE QUESTIONS.
24:02 ONE OF THE THINGS THIS REPORTING IN THE NEW YORK TIMES TURNED UP WAS,
24:05 IN CASES WHERE A REPUBLICAN ADMINISTRATION IS
24:07 DOING SOMETHING AND WANTS TO CONTINUE DOING IT,
24:10 THE COURT IS OFTEN VERY AMENABLE TO THOSE ADMINISTRATION REQUESTS.
24:15 DAVID: I WANT TO ASK YOU ABOUT THE VOTING RIGHTS CASE.
24:19 I AM CURIOUS WHAT IT MEANS IN A PRACTICAL SENSE.
24:23 YOU HAVE SEEN THE EVISCERATION OF IT OVER SEVERAL CASES NOW.
24:26 WHAT DOES IT MEAN ON A PRACTICAL BASIS NOW?
24:31 MELISSA: YOU ARE RIGHT THAT THE VOTING RIGHTS ACT HAS
24:34 BEEN UNDER SIEGE FOR SOME TIME HERE THIS BEGAN IN 2013
24:42 WITH SHELBY COUNTY— TO FIRST CLEAR ANY CHANGES IN THEIR VOTING
24:46 LAWS WITH THE DEPARTMENT OF JUSTICE OR A THREE-JUDGE COURT.
24:49 IN THE WAKE OF THAT DECISION IN 2013,
24:52 STATES RUSHED TO IMPLEMENT NEW LAWS AND PROCEDURES AROUND VOTING,
24:57 INCLUDING MORE RESTRICTIVE LAWS REGARDING VOTER ID.
25:00 THIS NEW CHALLENGE THE SECTION 2 OF THE VOTING RIGHTS
25:05 ACT REALLY HOBBLES WHAT WAS LEFT OF THE VOTING RIGHTS ACT,
25:08 IN TERMS OF A MEANS OF KEEPING
25:10 STATES FROM PROMULGATING MORE SUPPRESSIVE VOTING LAWS.
25:15 IT HAS MADE IT A LOT HARDER FOR REDISTRICTING TO HAPPEN IN A WAY
25:18 THAT MAXIMIZES OR OPTIMIZES THE POTENTIAL OF MINORITY
25:23 GROUPS TO ELECT CANDIDATES OF THEIR CHOICE.
25:25 MORE IMPORTANTLY, THE COURT WAS A LITTLE CRAVING AND HOW IT DECIDED THIS.
25:27 JUSTICE ALITO DID NOT SAY HE WAS ELIMINATING OR ENDING SECTION
25:31 TWO NUMBER DID INSTEAD HE SAID HE WAS PRESERVING ITS CENTRAL TENANTS.
25:37 THAT MEANS, WHILE SECTION 2 WILL NO LONGER BE USED
25:40 TO CHALLENGE RACIAL JANE ANDERSON THAT DISADVANTAGE VOTERS OF COLOR,
25:45 IT STILL STANDS AND LIKELY WILL BE USED TO CHALLENGE REDISTRICTING EFFORTS
25:51 IN BLUE STATES THAT TRY TO OPTIMIZE THE VOTING OF THOSE CONSTITUENTS.
25:53 CHRISTINA: WE WANT TO ALSO ASK YOU ABOUT TARIFFS.
25:56 WE HAD THIS RULING THAT STRUCK DOWN IEPA TARIFFS.
26:02 IN RESPONSE, PRESIDENT TRUMP IMPLEMENT A 10% TARIFFS,
26:07 WHICH A TRADE COURT KNOCKED DOWN.
26:11 WHERE DOES THIS GO NOW?
26:14 MELISSA: THE ADMINISTRATION,
26:16 IN THE WAKE OF THE SUPREME COURT'S TARIFFS RULINGS TURNED
26:20 TO ANOTHER STATUTORY PROVISION TO PROMULGATE THIS NEW SET OF TARIFFS.
26:24 IT WAS UNDER SECTION 22 THAT COURT,
26:27 THE COURT OF INTERNATIONAL TRADE DETERMINED THAT WAS
26:31 ALSO AN IMPROPER USE OF THAT STATUTORY PROVISION.
26:34 THIS WILL BE APPEALED TO AN INTERMEDIATE APPELLATE
26:36 COURT AND LIKELY GO ON TO THE SUPREME COURT.
26:39 WHAT WAS INTERESTING ABOUT THE LOWER COURT RULING THAT WE GOT
26:44 YESTERDAY WAS IN ADDITION TO INVALIDATING
26:46 THE TARIFFS UNDER THAT STATUTORY PROVISION,
26:48 IT ALSO SAID THAT THE ADMINISTRATION HAD TO REFUND THE MONEY COLLECTED.
26:52 THAT WAS NOT SOMETHING THE SUPREME COURT DID IN ITS
26:55 TARIFFS RULING WE HAD EARLIER THIS YEAR AND A REAL
26:56 BLOW TO THE ADMINISTRATION THAT WILL SURELY BE CHALLENGED
27:00 AND THIS WILL LIKELY CONTINUE ON THROUGH THE FEDERAL COURTS.
27:03 DAVID: BEFORE WE GET TO THE BOOK, LET ME ASK ABOUT THE LISA COOK CASE.
27:08 I THINK WE DETECTED SKEPTICISM AMONG THE JUSTICES AS THE GOVERNMENT
27:11 ARGUED PRESIDENT TRUMP SHOULD BE ABLE TO FIRE A FEDERAL RESERVE GOVERNOR.
27:14 YOUR SENSE OF WHAT IS LIKELY TO HAPPEN WITH THAT DECISION AND THE IMPORT
27:19 OF ACUTE INTEREST TO A LOT OF BLOOMBERG
27:22 LISTENERS WHO CARE ABOUT THE FEDERAL RESERVE,
27:24 BROADLY SPEAKING ABOUT THE INTEGRITY
27:26 OF THESE HISTORICALLY INDEPENDENT INSTITUTIONS IN THE U.S.
27:31 GOVERNMENT?
27:32 MELISSA: THE LISA COOK CASE IS ONE
27:34 OF A SERIES OF CASES ATTACKING THE INDEPENDENCE OF ADMINISTRATIVE
27:37 AGENCIES AND THE INDEPENDENCE OF THOSE AGENCIES IN TERMS
27:40 OF COMMISSIONERS OR MEMBERS THAT SIT ON BOARDS.
27:43 TYPICALLY, CONGRESS, WHICH CREATES THESE BODIES,
27:46 WILL INSULATE THOSE MEMBERS FROM PRESIDENTIAL REMOVALS,
27:49 SEEING THE PRESIDENT CAN ONLY REMOVE
27:53 THE INDIVIDUAL FOR CAUSE OR LIMITED CIRCUMSTANCES.
27:59 THERE ANOTHER CASE SPENDING,— CASE PENDING, TRUMP VERSUS LAUDER,
28:01 ABOUT THE REMOVAL OF THE ADMINISTRATOR OF THE FTC,
28:07 AND IT WILL LIKELY BE THE OVERTURNING OF A PRESIDENT
28:09 FROM THE 1930'S OF FREY'S EXECUTOR THAT SAID THE CONGRESS
28:13 COULD DICTATE TERMS UNDER WHICH PRESIDENTS WERE LIMITED UNDER
28:17 THEIR ABILITY TO REMOVE OFFICERS OF THOSE KINDS OF MULTIMEMBER COMMISSIONS.
28:20 THE CASE OF LISA COOK IS SLIGHTLY DIFFERENT.
28:27 IT IS ABOUT REMOVAL, CERTAINLY,
28:28 BUT THE PRESIDENT INSISTED HE HAS CAUSE TO REMOVE LISA COOK.
28:30 THERE IS A DIFFERENT PROCEDURE HERE.
28:32 AS WE SAW IN THE ORAL ARGUMENT THE COURT WAS SKEPTICAL,
28:37 AND IT HAS BEEN INCREDIBLY SKEPTICAL OF ANY KIND OF ASSAULT
28:42 ON THE ADMINISTRATIVE STATE THAT WOULD IMPLICATE THE FEDERAL RESERVE AS WELL.
28:46 THEY SAID THE FED IS DIFFERENT.
28:48 THE LOGIC OF THAT STATEMENT IS REALLY WEAK AND WOBBLY.
28:52 IT'S NOT CLEAR HOW THE FEDERAL RESERVE
28:55 IS DIFFERENT FROM OTHER MULTIMEMBER BIPARTISAN COMMISSIONS,
28:58 OTHER THAN THE FEDERAL RESERVE HAS
29:01 DIRECT IMPLICATIONS FOR THE JUSTICES' RETIREMENT PORTFOLIOS.
29:06 WE ARE GETTING A SENSE THAT THE ECONOMY MATTERS TO THIS COURT,
29:10 THE STABILITY OF THE ECONOMY MATTERS, AND FOR THAT REASON THE FED AND LISA
29:14 COOK MAY BE SOMEWHAT INSULATED FROM PRESIDENTIAL WINDS.
29:19 DAVID: YOUR MOST RECENT BOOK,
29:23 YOU HAVE THE CONSTITUTION— THE CONSTITUTION IS THERE,
29:28 BUT THERE IS A LOT OF HISTORY AND COMMENTARY FROM YOU AS WELL.
29:31 WHO IS THE AUDIENCE FOR THIS BOOK?
29:33 WE ARE LOOKING AHEAD TO THE 250TH BIRTHDAY OF THE NATION,
29:39 WHAT IS CONSTITUTIONAL OR NOT,
29:41 WHO DO YOU HOPE READ THE BOOK AND WHAT DO YOU HOPE THEY GET OUT OF IT?
29:43 MELISSA: MY HOPE IS THE SAME OF THE FRAMERS OF THE CONSTITUTION.
29:49 THEY WROTE A DOCUMENT INTENDING FOR THE PUBLIC TO READ IT, UNDERSTAND IT,
29:55 GRAPPLE WITH IT, DEBATE IT, AND WE HAVE LOST THAT IN A LOT OF WAYS.
29:59 NOT ONLY DO WE ENGAGE WITH THE CONSTITUTION ON A REGULAR BASIS,
30:03 WE DON'T TEACH OUR CHILDREN HOW TO ENGAGE WITH THE TEXT.
30:04 WE DON'T HAVE CIVICS EDUCATIONS IN MOST SCHOOLS.
30:08 MY GOAL WAS TO FILL THE VOID.
30:11 THIS IS NOT FOR LAW PROFESSORS.
30:14 NOT NECESSARILY FOR LAWYERS, THE LAWYERS ARE WELCOME TO READ IT.
30:18 IT'S FOR ORDINARY AMERICANS LOOKING AROUND SEEING I.C.E.
30:22 DETENTIONS IN THE STREETS, THE PROSPECT OF MILITARY PATROLS AT POLLING STATIONS,
30:26 AND ASKING, CAN THEY DO THAT?
30:28 IS THAT WITH THE GOVERNMENT WANTS TO DO AND CAN THEY DO THAT?
30:32 THE BOOK PROVIDES A LOT OF THE HISTORY
30:35 AROUND WHAT THE FRAMERS WERE TRYING TO DO,
30:38 THEIR INSISTENCE THAT THE GOVERNMENT SHOULD BE
30:40 ONE THAT CAN OPERATE EFFICIENTLY BUT NOT
30:42 BE SO POWERFUL THAT IT OVERRAN THE PEOPLE AND TRIPLED ON THE RIGHTS,
30:47 BECOMING TYRANNICAL.
30:48 THEY WERE TRYING TO STRIKE A BALANCE IN THIS BOOK INVITES EVERY AMERICAN
30:52 TO CONSIDER WHETHER IN THIS MOMENT
30:55 WE ARE STRIKING THE BALANCE THEY CONTEMPLATED.
30:57 CHRISTINA: I TOOK MY CLASS IN UNDERGRAD, MOST OF THE CLASS COULDN'T ANSWER HOW
31:03 MANY SUPREME COURT JUSTICES WERE ON THE BENCH.
31:05 MAYBE A GOOD BOOK FOR SOME OF US.
31:07 A GREAT GRADUATION GIFT.
31:09 PUT IT IN THE GIFT BAGS.
31:12 MELISSA: THANKS FOR HAVING ME.
31:15 DAVID: MORE CONVERSATION ABOUT THE WAR OVER REDISTRICTING
31:19 IN THIS COUNTRY COMING UP ON BLOOMBERG THIS WEEKEND,
31:24 BLOOMBERG RADIO, TELEVISION, BLOOMBERG.COM, AND THE BLOOMBERG BUSINESS APP.
31:28 CHRISTINA: STAY WITH US.
31:35 LISA: THANK YOU FOR JOINING US LIVE.
31:38 LET'S GET YOU UP-TO-DATE.
31:39 PASSENGERS ABOARD THE CRUISESHIP INFECTED
31:40 WITH HANTAVIRUS ARE BEGINNING TO DISEMBARK.
31:42 IT ARRIVED AT THE PORT IN TENERIFE OVERNIGHT.
31:47 ALL 140 SEVEN CREW MEMBERS AND PASSENGERS ARE SHOWING NO SYMPTOMS.
31:53 YESTERDAY THE WHO ACTING DIRECTOR FROM THE DEPARTMENT OF EPIDEMIC AND PANDEMIC
31:58 MANAGEMENT TALKED ABOUT THE PLAN TO DISEMBARK
32:00 THOSE PASSENGERS AND GET THEM HOME.
32:03 THE PLAN WILL BE THAT THE SCHIPHOL ANCHOR AND THERE WILL BE SMALL BOATS
32:08 THAT WILL TAKE— THERE WILL BE SMALL
32:12 BOATS THAT WILL BRING THOSE PASSENGERS TO SHORE.
32:15 THERE WILL BE A SCREENING THAT WILL TAKE PLACE.
32:19 RIGHT NOW, THERE IS NO ONE ON BOARD THAT HAS ANY SYMPTOMS INCLUDING CREW,
32:23 AND THAT'S GREAT NEWS.
32:25 LISA: ONCE THAT SHIP HAS EMPTIED IN TENERIFE
32:28 IT WILL SAIL TO THE NETHERLANDS TO BE DISINFECTED.
32:30 AND AUTHORITIES IN LEBANON ARE DIGGING THROUGH
32:32 THE RUBBLE AFTER A FATAL ISRAELI AIRSTRIKES.
32:34 THREE IS REALLY DRONE STRIKES ON VEHICLE SOUTH OF BEIRUT KILLED FOUR
32:39 PEOPLE AND A SERIES OF AIRSTRIKES IN SOUTHERN LEBANON KILLED AT LEAST 13.
32:46 THE ATTACKS COME DURING A CEASE-FIRE BETWEEN ISRAEL AND HEZBOLLAH.
32:47 VLADIMIR PUTIN SAID THAT THE CONFLICT IN UKRAINE IS NEARING ITS END.
32:52 HE SPOKE WITH REPORTERS AFTER HE OVERSAW A VICTORY DAY
32:57 PARADE ON RED SQUARE COMMEMORATING THE AS FOR THE PARADE,
33:03 SECURITY WAS TIGHT BUT IT WAS SCALED DOWN WITH NO TANKS OR HEAVY WEAPONS,
33:06 A FIRST IN NEARLY TWO DECADES.
33:12 CHRISTINA: THIS WEEK, BLOOMBERG WON THE 2026 PULITZER PRIZE
33:18 FOR A GRAPHIC NOVEL AND INVESTIGATIVE PIECE THAT DELVES
33:21 INTO THE STORY OF A NEUROLOGIST IN INDIA HELD UNDER DIGITAL ARREST BY HER PHONE.
33:24 DAVID: BLOOMBERG WAS NAMED A FINALIST FOR ITS REPORTING ON CANCER DRUGS,
33:32 ON THE TRUMP FAMILY' IS CRYPTO BUSINESS,
33:35 AND CONFLICTS OF INTEREST, DEREGULATION,
33:37 AND THE EXPANDING OVERLAP BETWEEN POLITICS, POWER, AND DIGITAL ASSETS.
33:39 WE SPOKE TO ONE REPORTER BEHIND THAT THIS WEEK.
33:48 MY STORY WAS VERY MUCH ABOUT THE CRYPTO
33:49 ADVENTURES OR MISADVENTURES OF DONALD TRUMP AND MELANIA TRUMP
33:52 AND WHAT A MEME COIN IS AND HOW YOU GO ABOUT MAKING A LOT OF MONEY FROM IT.
34:01 CHRISTINA: EXPLAIN WHAT A MEME COIN IS.
34:04 MAX: A MEME COIN WAS A VERY SATISFYING THING FOR ME TO WRITE ABOUT.
34:09 MY JOB OVER THE PAST 15 YEARS HAS
34:10 BEEN WRITING ABOUT THE LANDSCAPE OF MONEY AND POWER.
34:12 MOST OF THE TIME I AM WRITING ABOUT— LET'S CALL
34:18 IT THE TRADITIONAL LANDSCAPE OF TRADITIONAL MONEY AND A TRADITIONAL POWER.
34:22 GOLDMAN SACHS, CITIGROUP.
34:28 AROUND CLASSIC U.S.
34:29 BANKING AND FINANCERS.
34:30 HEDGE FUNDS AND PRIVATE EQUITY.
34:36 WHAT MADE MEME COIN SO MUCH FUN TO RIGHT ABOUT DESPITE WORKING
34:39 WITH— BESIDES WORKING WITH ONE OF THE GREATEST MEME COIN REPORTERS IN HISTORY,
34:45 IS IN MY MIND, DONALD TRUMP, BUT IN THE WAY,
34:50 IT SORT OF— THIS PURE VERSION OF CONTEMPORARY CAPITALISM.
34:52 BECAUSE YOU ARE BUYING AND SELLING, ESSENTIALLY, PRACTICALLY NOTHING.
34:57 DAVID: IT IS A NOVELTY.
35:00 MAX: WE CAN MAKE A MAX COIN.
35:05 I WILL SELL YOU ONE.
35:11 IT WOULD ENTITLE YOU TO NOTHING FROM ME, NECESSARILY.
35:13 IT'S A WAY OF BUYING INTO HYPE.
35:16 IF YOU WANT TO BE FANCY ABOUT IT,
35:19 YOU CAN THINK ABOUT IT OR TALK ABOUT IT AS, MODIFYING ATTENTION.
35:21 A LOT OF PEOPLE PAY ATTENTION TO DONALD TRUMP.
35:25 YOU LIKE HIM OR HATE HIM, HE IS KIND OF A GENIUS FOR ATTENTION,
35:32 FOR UNDERSTANDING AMERICAN ATTENTION,
35:33 AND FOR WINNING IT AND MAKING MONEY OFF OF IT.
35:36 WHICH IS SOMETHING THAT I'VE BEEN WRITING ABOUT FOR MANY YEARS.
35:38 WHAT ZEKE AND MY STORY WAS ABOUT WAS TRYING
35:43 TO FIGURE OUT HOW HE WENT ABOUT DOING IT, HOW HE WENT ABOUT MAKING MONEY.
35:48 I DON'T WANT TO GIVE THE STORY AWAY, BUT I THINK IT IS FAIR TO POINT OUT
35:54 THAT THERE IS STILL AN ASPECT OF MINISTRY TO IT.
35:57 THERE IS SO MUCH HAPPENING AT ANY ONE POINT THAT IT'S HARD TO REMEMBER,
36:02 BUT ON THE PEOPLE OF HIS INAUGURATION THE TRUMP COIN CAME OUT
36:10 OF NOWHERE AND WEIRDLY THERE WAS A MI MELANIA REALLY SOON AFTER.
36:19 I THINK 48 HOURS AFTER AND IT ESSENTIALLY DOUBLED THE SUPPLY AND I GUESS YOU
36:22 KNOW BUT NOT NECESSARILY DOUBLING THE DEMAND WHICH
36:24 IS SUDDENLY THERE WERE TWO TRUMP FAMILY COINS.
36:27 THE PRICES CRASHED.
36:28 THAT WAS IN A WAY IT WAS AN UNHAPPY START.
36:31 DAVID: THAT SORT OF HOW WIDE THIS UNIVERSE
36:36 HAS BECOME WITH THE TRUMP CRYPTO UNIVERSE.
36:38 MUCH WIDER THAN THE NFT.
36:40 MAX: MY COLLEAGUE AND SOMETIMES COWRITER DID A REALLY GOOD STORY ABOUT
36:47 HOW THAT UNIVERSE WAS GETTING AND THAT'S WHAT THIS VIEW— SERIES WAS ABOUT.
36:53 YOU HAD KIND OF DIFFERENT PLAYERS ON THE BATTLEFIELD.
37:00 THE INVESTMENT BANK,
37:01 KYLE WOHL BLOOMBERG COVERAGE OF DOM AND ARI WAS PART OF THIS SERIES.
37:05 AND THEN AT THE SAME TIME I WANT TO REMIND
37:08 PEOPLE TO PICK UP SOMETHING YOU ARE PUTTING DOWN, TRUMP IS DEREGULATING THIS.
37:13 ON THE ONE HAND THE TRUMP FAMILY WAS ISSUING CRYPTO PRODUCTS
37:18 AND MAKING MONEY THEY WERE DOING
37:21 THIS THROUGH COMPANIES AND SOMETIMES LICENSING AGREEMENTS.
37:25 AND AT THE SAME TIME THE TRUMP ADMINISTRATION AND THE TRUMP CAMPAIGN WERE MORE
37:29 ACTIVELY THE TRUMP DEMAND AND CRYPTO GOING AGAINST WHAT JOE BIDEN HAD PUT ON.
37:34 CHRISTINA: I WAS IN D.C.
37:37 FOR 17 YEARS AS A REPORTER.
37:39 BUT THE THING ABOUT D.C.
37:40 IS THAT IT'S COMPANY TOWN.
37:42 EVERYBODY WORKS FOR THE GOVERNMENT OR NEAR THE GOVERNMENT AND THERE
37:45 WAS A GUY WHO HAD BEEN AT DOJ AND HE WAS TALKING
37:49 ABOUT NOT JUST THE REGULATORY FRAMEWORK UNDER THIS CLIMATE BUT THE ENFORCEMENT
37:52 AND THE DOJ PROSECUTORS WHOSE JOB IT WAS TO PURSUE FINANCIAL CRIMES
37:54 AND THINGS LIKE CRYPTO AND TECH PROS LITERALLY DID NOT KNOW IF
37:58 THEY WERE SUPPOSED TO DO THEIR JOBS OR NOT BECAUSE WHAT THEY
38:01 WERE SUPPOSED TO DO COMING FROM THE WHITE HOUSE AND THE PARDONS
38:04 ISSUED FROM THE WHITE HOUSE THEY WERE ALL RUNNING INTO EACH OTHER.
38:08 WHAT HAS THIS DONE TO THE REGULATORY LANDSCAPE.
38:11 AND ANY REPERCUSSIONS EVEN IF THERE ARE RULES AGAINST
38:13 THIS TO PEOPLE THINK IT WILL GET CAUGHT FOR FINANCIAL MALFEASANCE.
38:16 MAX: THAT'S A GREAT POINT BECAUSE NOT FOR NOTHING ARE FIGURES LIKE
38:24 JUSTIN SUN AND CZ PART OF THIS COVERAGE AND WHEN WE DESCRIBE THEM.
38:30 THESE ARE FIGURES WHO I THINK ONLY HOW FAR WE INTO 2026 ESSENTIALLY
38:34 ONLY ONE YEAR AGO MAY BE A BIT MORE THAN THAT BY NOW.
38:40 THEY WERE FACING SOME SERIOUS REGULATORY SCRUTINY
38:41 IN THE UNITED STATES AND I THINK IN PLACES BEYOND.
38:48 THE TRUMP ADMINISTRATION NOW THERE ARE SOME
38:50 INCREASING FEUDS I BELIEVE WHEN IT COMES
38:52 TO THE CASE I BELIEVE JUSTIN IS NOW THE CIRCLE HAS SORT OF JUST TO BE
39:00 CLEAR IT SORT OF REVOLVED MORE THAN ONCE THAT JUSTIN SON WHO I BELIEVE WAS
39:06 ALLIED WITH TRUMP AT WORLD LIBERTY HAS NOW
39:07 I BELIEVE NOW THEY ARE BEEFING AND FEUDING.
39:09 I THINK THEY ARE FIGHTING IN QUITE SERIOUS LEGAL.
39:16 BUT TO BACK TO YOUR POINT, IN THE SAME WAY FINANCE HAS FIGURES THAT IN SOME
39:23 ARROWS ARE UNDER IMMENSE LEGAL OR REGULATORY ATTENTION.
39:27 STEPHEN COMES TO MIND IS A KIND OF GIANT HEDGE FUND INDUSTRY WHO
39:32 IS UNDER SO MUCH REGULAR TORY SCRUTINY IT'S ESSENTIALLY IS SPIRED A TV SHOW.
39:39 AND YET NOW HE'S OF COURSE WE WERE BRIEFLY TALKING ABOUT MR.
39:45 MATT.
39:46 RAN INTO THEM THIS WEEK.
39:49 IT'S ACTUALLY IMPORTANT.
39:50 ONLY TO THE SENSE THAT STEVE COHEN IS NOW THE OWNER OF THE METS AND THRIVING.
40:01 BUT HOW DRASTICALLY THINGS CHANGE TOO A FEW YEARS AGO.
40:04 BUT THE SAME THING IS TRUE OF CRYPTO WHERE THESE FUTURES COME OUT THEY COME
40:11 UP AGAINST THEY BATTLE AGAINST THE POWER
40:13 STRUCTURES AS THEY EXIST AND THEN THEY KIND
40:16 OF BECOME THE POWER STRUCTURE AND THEY
40:19 GET INTO REGULATORY TROUBLE AND THEN GET OUT
40:22 OF REGULATORY TROUBLE AND IN THE CASE OF JUSTIN SON AND THE FEUDS START ANEW.
40:27 REALLY THE TRUTH IS WE LIKE TO THINK
40:28 OF CRYPTO AS THIS FUNNY WEIRD CORNER OF THE WORLD.
40:32 BUT AS YOUR COLLEAGUE WRITES ABOUT IN MONEY STUFF,
40:37 IT REBIRTHS ALL THE LESSONS FROM FINANCIAL HISTORY
40:39 AND BECOMES ANOTHER CHAPTER IN A LONG STORY.
40:42 DAVID: MAX, THANK YOU VERY MUCH APPRECIATED.
40:46 A FASCINATING SERIES.
40:47 REALLY KIND OF BROAD SWEEPING VIEW OF THE TRUMP FAMILY DIGITAL ASSETS.
40:54 INVOLVED MANY OF OUR COLLEAGUES AS WELL.
40:59 THE WINNER IS THIS REALLY INTERESTING ILLUSTRATED GRAPHIC STORY WE HAD
41:03 IT APPEAR IN THE STUDIO AND YOU BASICALLY SCROLL THROUGH IT
41:06 AND YOU THINK IT IS ONE THING AND THEN ABOUT HALF
41:08 WAY THERE IS A SWITCH AND YOU REALIZE WHAT'S GOING ON.
41:10 AT THE SAME TIME IT'S REALLY COOL.
41:12 IT DOESN'T TAKE LONG.
41:13 TOTALLY WORTH IT.
41:15 DAVID: THIS IS A SOPHISTICATED GRAPHIC.
41:20 A REALLY SMART WAY TO DO REPORTING SOMETHING WE HAVEN'T SEEN BEFORE.
41:28 BT DUBS SOME OF THE WEEKS MOST READ STORIES.
41:38 WELCOME BACK TO BLOOMBERG THIS WEEKEND.
41:40 I'M CHRISTINA RUFFINI.
41:42 STILL HERE WITH DAVID GARRE.
41:46 AND WERE TO GO TO LISA FOR SOME OF THE UNDER READ STORIES.
41:48 GREAT STORIES FROM THE WEEK.
41:51 DAVID: TALKING ABOUT BASEBALL AND SOFTBALL HERE ON THIS MOTHER'S DAY.
41:53 THE JETS PAID A WHOLE SEGMENT ON THAT.
41:56 SORRY.
41:58 CHRISTINA: THIS SOUNDS TERRIFYING.
42:03 THAT COULD BE A WHOLE SEGMENT FOR ANOTHER DAY.
42:06 I AM FASCINATED.
42:08 LET'S GO WITH THIS ONE.
42:12 WHEN YOU GO ON VACATION DO YOU ENJOY A NICE BIG RELAXING
42:15 ROOM TO KICK BACK AND COME BACK AT NIGHT AND FEEL COMFORTABLE.
42:20 I FEEL LIKE IT'S A TRICK QUESTION.
42:22 LISA: THIS IS FROM THE WALL STREET JOURNAL.
42:26 IT'S AS I TRIED OUT A $60 CAPSULE HOTEL IN HONOLULU.
42:32 NO DOOR NO BATHROOM NO PROBLEM.
42:35 SO GET THIS.
42:37 SO FIRST CABIN INTERNATIONAL HAWAII POPULAR HOTEL CHAIN.
42:40 FIRST LOCATION IN THE U.S..
42:41 IF YOU'RE WATCHING IS ON TV YOU CAN SEE THE PICTURES I'LL DESCRIBE IT FOR YOU.
42:46 IT'S LOCATED IN THIS OFFICE BUILDING FROM WAIKIKI BEACH.
42:49 PODS.
42:55 THEY ARE 27 SQUARE FEET ONLY FOUR FEET HIGH.
42:58 SO JUST TAKE— THINK ABOUT IT YOU WALK UP AND IT'S BASICALLY A BED AND THAT'S IT.
43:02 THERE'S A FOLDABLE DOOR AND THEY'RE STACKED ON TOP OF EACH OTHER.
43:08 ONE SIDE IS OPEN.
43:09 IF YOU WANT TO SEE THE WINDOW
43:12 BUT THAT MEANS EVERYONE DOWN THAT ROAD CAN HEAR EVERYTHING.
43:16 AND YOU HAVE A LITTLE TV BUT YOUR OUTDOOR HEADPHONES FOR IT.
43:19 HOW MUCH ARE THESE?
43:20 IF YOU WANT THE SINGLE ONE, A $60 A NIGHT.
43:23 YOU GET— YOU GET A LOUNGE AREA AS WELL.
43:28 CERTAIN THINGS WITH THAT YOU'VE TO SHARE BATHROOMS LIKE COLLEGE.
43:31 AND THEN IF YOU WANT ALL IN THE FIRST-CLASS CABIN
43:36 YOU GET A LITTLE MORE SPACE AND A NIGHT TABLE.
43:38 HUNDRED $50 A NIGHT.
43:40 CHRISTINA: YOU CAN GET A HOTEL FOR THAT.
43:45 DAVID: THIS IS PARADISE.
43:47 LISA: THOSE GOPHER 300 AND NIGHT I THINK.
43:56 SO IF YOU'RE OK WITH SHARING A BATHROOM,
43:57 HAVING SOME BUNKMATE TO GET A LOUNGE OF THE BEACH VIEW.
44:02 THE BATHROOM THING DOESN'T BOTHER ME.
44:06 I'M SUCH A TERRIBLE SLEEPER BUT I WOULD JUST NOT SLEEP.
44:09 ANY NOISE I WOULD BE LIKE SECURITY CONSCIOUS ALL NIGHT.
44:12 LISA: THAT'S WITH THE PERSON SAID WHO DID THE REVIEW WAS YOU
44:14 HEAR PEOPLE GETTING UP AND WALKING IN THE MIDDLE OF THE NIGHT.
44:16 WE'VE ALL HEARD OF LONGEVITY FOR HUMANS.
44:19 WHAT ABOUT LONGEVITY FOR DOGS?
44:23 LITTLE BRUTUS.
44:27 [LAUGHTER] LISA: MORE COMPANIES ARE SHOWING PILLS AND POWDERS.
44:36 CHRISTINA: WHAT WAS THAT WORD?
44:39 LISA: AREN'T THESE THE CUTEST LITTLE ANIMALS.
44:44 [LAUGHTER] LISA: SHIP YOUR DOG'S BLOOD AND SALIVA
44:47 TO ACCOMPANY THE WORLD'S FIRST LONGEVITY TEST.
44:51 YOU CAN HAVE A PET LONGEVITY STRATEGY.
44:55 YOU CAN GO TO THIS LONGEVITY VETERINARIAN AND TRY THAT IF YOU WANT.
44:57 THEY HAVE SMART DOG COLLARS.
45:00 YOU GET A COLLAR THE TRACKS HIS STEPS.
45:05 I DO NONE OF THIS ABSOLUTELY NOT.
45:09 LISA: IT'S BECOMING A BIG INDUSTRY.
45:11 MORE COMPANIES ARE GETTING INTO THIS BECAUSE
45:13 PEOPLE WANT THEIR PETS TO LIVE LONGER.
45:16 DAVID: I INTERVIEWED BARRY DILLER.
45:19 HE'S CLONED HIS DOGS.
45:22 LIKE A PACK OF CLONED DOGS AND THEY ARE AMAZING.
45:26 CHRISTINA: THEY'RE EXPENSIVE.
45:28 LISA: $50,000.
45:29 CHRISTINA: I LOVE MY DOG HE'S NOT GETTING CLONED.
45:34 AND HE'S NOT GETTING ANY OF THAT.
45:37 HE GETS LOVE.
45:39 THEY ARE LIVING LONGER.
45:41 I GOT IN THE ELEVATOR WITH SOMEONE WHO SAID THEY HAD ONE TOO.
45:47 SHE JUST DIED AT 20.
45:49 WE'VE BEEN HEARING THIS MORE AND MORE.
45:50 WHATEVER PEOPLE ARE DOING IT SEEMS TO BE WORKING.
45:56 WE DON'T STROLLER OR DOGGY PURSE.
45:59 I'M NOT AS CRAZY OF A DOG MOM.
46:02 LISA: WE TALKED ABOUT K BEAUTY YESTERDAY.
46:05 IT WAS A BIG TOPIC.
46:10 THIS ONE'S IN THE WALL STREET JOURNAL GOING ALONG THE LINES.
46:12 THE MOST COVETED COSMETIC ENHANCEMENT IN ASIA RIGHT NOW RL FEARS.
46:16 THIS IS A THING.
46:20 PEOPLE ARE GETTING INJECTIONS AND TAKE A LOOK TO ENHANCE THEIR EARS.
46:22 IT'S BIG AND SOUTH KOREA.
46:25 DAVID: POINTY?
46:29 LISA: A WIDER FACE IS SOMETHING THE WANT TO HIDE SO THEY
46:34 WANT THIS ANGULAR JAWLINE AND THE POINTED EARS HELPS GIVE THEM THAT.
46:40 [LAUGHTER] LISA: PEOPLE ARE GETTING THESE INJECTIONS THEY COST $70.
46:45 A PLASTIC SURGEON DOES IT AND IT SPARKED BY A K-POP SINGER MIMI I BELIEVE.
46:49 SHE DID THE TAPE AS YOU CAN ALWAYS
46:51 DUCK SHOULD ALSO TAKE THEM SO THEY ARE POINTED.
46:53 DAVID: THIS IS FASCINATING TO ME.
46:58 LISA: IT'S NOT BIG IN AMERICA.
47:03 I REALLY DON'T NEED ANYTHING ELSE TO LEARN TO BE SELF-CONSCIOUS ABOUT.
47:05 I HAVE ADEQUATELY ON POINTED EARS.
47:07 SO THANKS FOR THAT.
47:10 THAT'S WHAT I'M HERE FOR.
47:14 LET ME GET THIS ONE.
47:14 HOW MUCH WOULD YOU PAY FOR ICE CREAM.
47:15 DAVID: I'M ASTONISHED HOW EXPENSIVE IT IS.
47:19 LISA: THEY PILE IN ALL THE STUFF.
47:26 GELATO GETTING WEIRD.
47:27 THIS IS FROM BLOOMBERG.
47:30 SOME GELATO SHOPS AND THIS IS REALLY
47:31 IN ITALY THEY ARE DOING DIFFERENT INGREDIENTS UNIQUE FLAVORS.
47:37 THEY CAN CHARGE UP TO AS MUCH EIGHT DOLLARS FOR A LITTLE CUP.
47:39 DAVID: IN BROOKLYN WE HAVE ASPARAGUS.
47:43 BASIL I WOULD DO.
47:45 THAT'S NOT CRAZY.
47:46 DAVID: I FEEL LIKE I HAD TO DO IT.
47:50 IT'S SAVORY.
47:51 NO.
47:51 LISA: JUST A ONE TIME ONLY.
47:53 DAVID: SCARED TO TRY IT.
47:55 I DON'T KNOW WHAT ELSE.
47:59 ALL RIGHT.
48:01 PUT THIS ON OFFER.
48:05 ALL ME THIS WEEK.
48:07 I WILL SET THE AGENDA FOR THAT.
48:11 COMING UP HERE WITH SPEAK LIVE TO THE FORMER SECRETARY OF STATE
48:15 FOR EAST ASIA AFFAIRS AS PRESIDENT TRUMP APPEARS THAT SOME WAS XI JINPING.
48:19 THE NEXT HOUR BLOOMBERG THIS WEEKEND STARTS NOW.
48:37 WELCOME TO BLOOMBERG THIS WEEKEND,
48:40 LIVE FROM NEW YORK WITH DAVID GURA, CHRISTINA RUFFINI, AND LISA MATEO.
48:47 THE LATEST HEADLINES, KEY ANALYSIS, BIG INTERVIEWS,
48:49 AND THE STORIES THAT IT HOME ON YOUR DAYS OFF.
48:55 HIT HOME ON YOUR DAYS OFF.
48:59 DAVID: WELCOME ONE AND ALL TO BLOOMBERG THIS WEEKEND, 8:00 A.M.
49:02 IN NEW YORK.
49:04 I AM DAVID GURA.
49:05 CHRISTINA: I AM CHRISTINA RUFFINI.
49:08 WE ARE WITH LISA MATEO BRINGING YOU THE LATEST
49:12 ANALYSIS LIVE EVERY WEEKEND FROM 7:00 TO 10:00 A.M.
49:15 A LOT OF BREAKING NEWS INVOLVING SHIPS.
49:20 TENERIFE, THE HANTAVIRUS-LADEN CRUISESHIP DOCKING IN SPAIN
49:24 AND WHAT THEY ARE DOING WITH THE PASSENGERS, QUARANTINE PROCEDURES,
49:27 AND HOW CONCERNED WE NEED TO BE ABOUT THIS OUTBREAK IN GENERAL.
49:33 AND THIS LNG TANKER.
49:34 DAVID: MOVEMENT IN THE STRAIT OF HORMUZ WITH AN LNG
49:38 TANKER MAKING ITS WAY THROUGH AND OUT THE GULF.
49:40 WE WILL LOOK AT WHAT HAS HAPPENED, HOW IT HAS GONE THROUGH,
49:45 AND WHAT THE RAMIFICATIONS ARE FOR OTHER LNG TANKERS.
49:50 LISA: THE CREW SHIP HAS ARRIVED IN THE PORT IN THE CANARY ISLANDS,
49:54 PASSENGERS BEGINNING TO DISEMBARK.
49:56 THE W.H.O.
49:58 SAID ALL 140 SEVEN PASSENGERS AND CREW MEMBERS ARE SHOWING NO SYMPTOMS.
50:02 THREE PEOPLE HAVE DIED.
50:06 PASSENGERS ARE BEING TAKEN TO SHORE IN SMALL BOATS TO AN AIRPORT
50:09 WHERE THEY WILL BE SENT HOME TO THEIR HOME COUNTRIES.
50:14 THE SHIP WILL THEN GO TO THE NETHERLANDS TO BE DISINFECTED.
50:16 YESTERDAY THE WHO DIRECTOR GENERAL VISITED THE PORT TO REASSURE RESIDENTS
50:18 THAT THEY ARE SAFE AND HE SAID THAT HE UNDERSTANDS THEIR CONCERNS.
50:27 THE CONCERN IS LEGITIMATE, BECAUSE WE HAVE ALL EXPERIENCED BECAUSE OF COVID,
50:33 ESPECIALLY IN 2020, AND THAT TRAUMA IS STILL IN OUR MINDS.
50:38 LISA: THERE HAS BEEN A NEW ATTACK ON VESSELS IN THE PERSIAN GULF.
50:43 THE BRITISH MILITARY SAID A CARRIER CAUGHT FIRE AFTER BEING
50:46 HIT BY AN UNKNOWN PROJECTILE OFF THE COAST OF QATAR.
50:49 THE FIRE WAS EXTINGUISHED AND THERE WERE NO CASUALTIES.
50:53 AT TANKER CARRYING LIQUEFIED NATURAL GAS FROM QATAR
50:55 APPEARS TO HAVE TRANSITIONED THROUGH THE STRAIT OF HORMUZ.
50:59 MARKING THE COUNTRY'S FIRST EXPORT OUT OF THE REGION SINCE THE IRAN WAR BEGAN.
51:03 ACCORDING TO DATA COMPILED BY BLOOMBERG,
51:05 THE TANKER EXITED THE STRAIGHT AND IS IN THE GULF OF OMAN.
51:08 NEW AUDIO RELEASED OF A FRONT TIER AIRLINES PILOT MOMENTS AFTER THE AIRPLANE
51:16 STRUCK AND KILLED A PEDESTRIAN ON THE RUNWAY AT DENVER INTERNATIONAL AIRPORT.
51:21 WE ARE STOPPING ON THE RUNWAY.
51:24 WE JUST HIT SOMEBODY, WE HAVE AN ENGINE FIRE.
51:26 I SEE THAT.
51:28 LISA: THE FAA THE PEDESTRIAN WHO WAS NOT LEAVED TO BE
51:31 AN EMPLOYEE JUMPED OVER THE PERIMETER FENCE AND WAS KILLED TWO MINUTES LATER.
51:36 CREW AND PASSENGERS WERE EVACUATED AFTER AN ENGINE
51:39 CAUGHT FIRE AND SMOKE FILLED THE CABIN.
51:41 SHE WAS TRAVELING WITH HER BABY
51:44 ON THE FLIGHT AND DESCRIBED WHAT HAPPENED DURING TAKEOFF.
51:49 IT FELT LIKE GETTING IN A GIANT FENDER BENDER.
51:53 AND THEN THERE WAS SMOKE.
51:56 I COULDN'T SEE THE ENGINE.
51:59 IT WAS REALLY SCARY.
52:01 PEOPLE WERE YELLING, FIRE, FIRE.
52:05 LISA: THAT'S THE THIRD MAJOR COMMERCIAL AVIATION ACCIDENT ON U.S.
52:07 SOIL IN 15 MONTHS.
52:10 DAVID: THANK YOU VERY MUCH.
52:13 THE PASSENGERS BEING EVACUATED FROM THE HANTAVIRUS SHIP.
52:18 CHRISTINA: SPAIN'S HEALTH MINISTER MOMENTS AGO
52:20 SAID THESE PASSENGERS ARE GOING TO HOSPITALS.
52:24 THE PRESENT OPERATION IS GOING AS PLANNED.
52:29 AT 9:30 IN THE MORNING, THE SPANISH PASSENGERS HAVE STARTED TO DISEMBARK.
52:31 RIGHT NOW THE PLANE IS GOING TO MADRID AND IT HAS LEFT.
52:38 CHRISTINA: JOINING US IS THE BLOOMBERG INTELLIGENCE GLOBAL
52:41 INDUSTRY'S DIRECTOR OF RESEARCH AND SENIOR PHARMACEUTICAL ANALYST.
52:46 BEFORE WE GET TO THIS SHIP, I WANT TO ASK,
52:49 ARE WE SEEING A GLOBAL OVERALL INCREASE IN HANTAVIRUS CASES?
52:53 THIS IS A NAME I HAVEN'T HEARD IN A WHILE AND ALL
52:54 OF A SUDDEN WE SEEM TO BE HERE IT A LOT.
52:59 SAM: I WOULD SAY, IT EBBS AND FLOWS.
53:05 THIS VIRUS PRETTY MUCH IS ENDEMIC— IS INDEMIC
53:10 ACROSS THE AREAS WHERE RODENTS HAVE ACCESS TO FOOD, SPECIFIC TYPES OF RODENTS.
53:16 IF YOU GO THROUGH A PERIOD WHEN THE WEATHER
53:18 IS GOOD AND THERE IS AN ABUNDANCE OF FOOD, THE ANIMALS MULTIPLY.
53:22 BUT A LOT OF THE TIMES THE VIRUS REMAINS WITHIN
53:29 THE ZOO N— THE ZOONOTIC BOUNDARIES AND REALLY GETS TO PEOPLE.
53:41 UNLESS THOSE AREAS ARE EXPOSED TO THE FECES AND URINE OF THOSE ANIMALS.
53:45 THERE'S ONLY ONE THAT CAN JUMP FROM HUMAN TO HUMAN
53:48 AND THAT IS THE ONE WE ARE DEALING WITH, THE ANDES VIRUS.
53:52 THERE IS A WHOLE FAMILY OF THEM.
53:55 ONLY ONE CAN DO HUMAN TO HUMAN.
53:58 I DON'T KNOW IF WE CAN SAY THAT THERE ARE MORE,
54:02 BUT IN PLACES WHERE THERE ARE A LOT OF RAIN,
54:07 IT IS WET, THERE IS FOOD FOR RODENTS, YOU WILL GET MORE RISK.
54:11 DAVID: TALKING ABOUT WHAT HAPPENS NEXT.
54:15 THE SHIP IS ANCHORED OFF OF THE COAST OF TENERIFE.
54:16 SPANISH CITIZENS WILL BE BROUGHT OFF FIRST,
54:19 THEN THE NETHERLANDS, GERMANY, BELGIUM, U.S.
54:23 CITIZENS BROUGHT TO NEBRASKA.
54:25 WE HAVE FOCUSED ON THE QUARANTINE PROCESS
54:28 THAT WILL BEGIN IN EARNEST IN THE HOURS AHEAD.
54:29 IS THERE A TREATMENT FOR THE VIRUS?
54:32 WHAT IS IT?
54:34 SAM: UNFORTUNATELY NOT.
54:37 THERE ARE TREATMENTS FOR THE SYMPTOMS, WHICH YOU DON'T WANT TO GET TO.
54:40 YOU OBVIOUSLY WANT TO BE NOT INFECTED,
54:44 BUT IF YOU ARE COMING TO GET THE ASYMPTOMATIC OR MILD TO SYMPTOMATIC VERSION,
54:49 BUT UNFORTUNATELY THERE AREN'T ANY.
54:51 THERE WERE TIMES WHEN ANTIVIRALS WERE TESTED.
54:54 IN 1990 THREE THERE WAS AN OUTBREAK IN THE FOUR CORNERS STATES.
54:56 THE BEST WAY TO CONTAIN IT, TO DEAL WITH IT, IS TO CONTAIN IT.
55:02 WHICH IS WHAT I THINK IS GOING ON WITH THE PASSENGERS COMING OFF OF THE SHIP.
55:07 SOME FOLKS HAVE PERISHED, UNFORTUNATELY, WHICH IS CLEARLY VERY SAD.
55:10 IN ORDER TO AVOID THE SPREADING, IT'S NOT THAT EASY TO SPREAD.
55:15 YOU NEED VERY CLOSE CONTACT.
55:18 IT'S NOT LIKE COVID.
55:20 QUARANTINE IS THE BEST PLAN THAT IS HOW IT HAS BEEN DEALT WITH PREVIOUSLY.
55:27 CHRISTINA: WHAT IS THE INCUBATION PERIOD AND WHAT ARE THE OUTCOMES?
55:29 IS IT ALWAYS DEADLY?
55:31 SAM: IF YOU GET INFECTED YOUR RISK OF PERISHING IS— REMEMBER,
55:37 THIS IS NOT A VIRUS WE DEAL WITH ON A DAILY BASIS SO IT IS HARDER TO MEASURE.
55:43 BUT 30% TO 40% WHICH IS A PRETTY HEFTY FATALITY RATE.
55:50 OUR REALITY IS YOU REALLY WANT TO AVOID SPREADING THIS.
55:53 IT'S NOT THAT EASY TO SPREAD, BUT QUARANTINE IS THE BEST WAY.
55:59 THE INCUBATION PERIOD CAN BE— DEPENDING ON WHAT YOU'RE TALKING ABOUT.
56:01 THE FIRST SYMPTOMS CAN TAKE EIGHT WEEKS TO OCCUR.
56:04 IN TERMS OF TESTING POSITIVE,
56:06 THE NUMBERS ARE SOMETHING IN THE REGION OF THREE TO FOUR DAYS.
56:07 DAVID: LET ME BRING THIS INTO THE PHARMACEUTICAL INDUSTRY.
56:13 WE SAW MODERNA WHO PIONEERED THE COVID-19 VACCINE SAY THAT IT HAS BEEN AT WORK
56:20 ON A HANTAVIRUS VACCINE THAT STARTED BEFORE THE EVENTS
56:22 OF THIS MORNING AND THE LAST COUPLE OF WEEKS.
56:28 I'M CURIOUS WHERE WE ARE IN THAT PROCESS.
56:30 WE SPOKE THE LAST HOUR ABOUT THE U.S.
56:32 PULLING OUT OF THE WHO.
56:34 WE HAVE SEEN THE U.S.
56:34 TAKE AWAY FUNDING FROM MRNA RESEARCH.
56:35 SPEAK TO THE PROSPECTS OF THAT TECHNOLOGY
56:39 GOING FORWARD WITH OR WITHOUT THE U.S.'S INVOLVEMENT
56:44 AND WHAT MODERNA'S INTEREST IN THIS ESSAY IS
56:46 ABOUT THE POSSIBILITY OF FUTURE MRNA RESEARCH AND IMMUNIZATIONS.
56:51 SAM: LET ME SPLIT THAT INTO THREE ASPECTS.
56:56 IF YOU HAVE VIRUSES THAT CAN TRANSMIT BETWEEN HUMANS RAPIDLY, INFLUENZA,
57:00 THE CORONAVIRUS IS— WE HAD A PANDEMIC
57:03 THAT WE ARE STILL DEALING WITH THE REPERCUSSIONS OF.
57:06 THOSE KINDS OF VIRUSES YOU NEED TO HAVE TECHNOLOGIES
57:08 THAT ENABLE YOU TO MAKE A VACCINE REALLY QUICKLY.
57:10 MRNA VACCINATION IS THE WAY.
57:15 THAT'S ONE GROUP.
57:16 THERE ARE OTHERS THAT YOU WANT TO BE PREPARED.
57:20 SITUATIONS WHERE YOU CAN CREATE A STOCKPILE OF VACCINES,
57:24 LIKE THE H FIVE INFLUENZA VIRUS WHICH COMES AND GOES EVERY NOW AND THEN.
57:28 YOU WOULD WANT TO HAVE A STOCKPILE.
57:32 YOU JUST NEED TO HAVE A GOOD VACCINE THAT WORKS.
57:35 IF YOU NEED TO RAMP UP.
57:38 THEN THERE IS THIS TYPE OF THING, OR EBOLA,
57:43 OR MPOX WHERE YOU WANT A SMALL STOCKPILE,
57:47 ENOUGH TO CONTAIN A POSSIBLE— BUT IDEALLY IN THESE SITUATIONS IT IS QUARANTINE.
57:52 YOU CAN MANAGE EBOLA, WHICH IS UNFORTUNATELY A TERRIBLE DISEASE.
57:59 MPOX IS THE SAME.
58:04 THEY DON'T JUMP IN FINE AEROSOLS,
58:06 AND THEY NEED MUCH MORE CONTACT, CLOSER CONTACT.
58:08 THOSE ARE THE THREE WAYS THAT I WOULD THINK ABOUT IT.
58:12 MODERNA DOING THIS IS GREAT, BUT I DON'T SEE A PARTICULARLY STRONG
58:17 COMMERCIAL POTENTIAL FOR THIS VACCINE FOR THEM.
58:20 MRNA VACCINES ARE THE WAY FORWARD
58:23 FOR THINGS THAT REQUIRE PANDEMIC RAPID RESPONSE.
58:25 DAVID: THANK YOU FOR YOUR TIME.
58:29 CHRISTINA: THIS MORNING, THE U.S.
58:31 IS WAITING FOR WORD FROM IRAN ABOUT A PROPOSAL TO END THE WAR.
58:35 WE HAVE SEEN SEVERAL DRONE ATTACKS OVERNIGHT IN KUWAIT, THE UAE,
58:40 AND WATERS OFF OF QATAR WHERE A CARGO SHIP CAUGHT FIRE.
58:45 IRANIAN MEDIA REPORTING IRAN'S MEDIA OFFICIALS ARE
58:47 MEETING WITH THE SUPREME LEADER AT THIS HOUR.
58:51 DAVID: WE ARE JOINED BY THE BLOOMBERG SENIOR EDITOR IN WASHINGTON, D.C..
58:53 GET US UP TO SPEED.
58:56 THE WAITING GAME CONTINUES.
58:58 WE HEARD FROM SECRETARY RUBIO HE WAS EXPECTING RESPONSE FROM THE IRANIANS THEN.
59:01 WE SAID THE SAME THING SATURDAY MORNING.
59:03 WHAT IS THE STATE OF PLAY WHEN IT COMES TO THE ONE-PAGE PROPOSAL
59:09 THAT WAS FLOATED BY THE AMERICANS AS BEING HEAVILY REVIEWED BY THE IRANIANS?
59:14 WENDY: DAVID, IT SEEMS THE IRANIANS ARE STILL REVIEWING IT.
59:18 THEY MUST BE, BECAUSE WE HAVEN'T HEARD
59:19 ANYTHING POSITIVE OR NEGATIVE ABOUT IT YET.
59:22 THE IRANIANS ARE PLAYING A PRETTY GOOD NEGOTIATING GAME HERE AS WELL.
59:28 AS TRUMP LIKES TO DO.
59:30 THEY MAY BE JUST TESTING HIS PATIENTS AT THIS POINT.
59:36 OFTEN WHAT HAPPENS WITH TRUMP IS IF THINGS GO ON TOO LONG,
59:40 AND HE SAID ON FRIDAY THIS THING BETTER GET BUTTONED UP SOON,
59:48 HE WILL LOSE PATIEN CE AND SAY SOMETHING OVER THE TOP LIKE
59:53 LIKE WIPING OUT A CIVILIZATION OR HE MAY BE MORE WILLING TO NEGOTIATE.
59:55 IT COULD BE THEY ARE TAKING THEIR TIME, BECAUSE WHY NOT?
1:00:00 THEY ARE EFFECTIVELY BLOCKING THE STRAIT,
1:00:02 ALTHOUGH ONE THINKER GOT THROUGH AND I'M
1:00:04 CURIOUS WHAT THE PARTICULARS ARE OF THAT.
1:00:07 WE MAY HEAR FROM THEM EARLY THIS WEEK.
1:00:11 CHRISTINA: WHAT IS THE STATE OF PLAY IN THE STRAIT?
1:00:16 WE ARE SEEING THE QATARI LNG VESSEL TRY TO GET THROUGH AND IT LOOKS LIKE THEY
1:00:19 TOOK THE NORTHERN ROUTE AND NOT THE TSS
1:00:20 ROUTE THAT SHIPS HAVE GONE THROUGH FOR DECADES.
1:00:26 IT'S UNCLEAR FROM FOLKS I'VE TALKED TO, THEY
1:00:27 HAVE BEEN CAGEY ABOUT HOW THAT HAPPENS.
1:00:30 I'M TOLD THIS IS NOT A THANK YOU TO PAKISTAN
1:00:34 FOR BEING INVOLVED IN NEGOTIATIONS BECAUSE THE TANKER IS HEADED TO PAKISTAN.
1:00:40 IT IS A MEDIATED AGREEMENT TO ALLOW SOME OF THESE SHIPS THROUGH.
1:00:42 ARE WE EXPECTING TO SEE MORE?
1:00:46 WE HAVE DETAILS ON HOW THIS IS HAPPENING OR ARE WE WAITING TO FIND OUT?
1:00:49 WENDY: WE ARE WAITING TO FIND OUT.
1:00:55 OBVIOUSLY, THIS TANKER OR THE TANKER'S OWNER, THE COUNTRIES INVOLVED,
1:01:00 OBVIOUSLY NEGOTIATED SOME QUICK SIDE TO DEAL WITH IRAN THAT LET THEM GO THROUGH.
1:01:03 IT'S IN IRAN'S INTEREST NOT TO BE SEEN AS CHOKING OFF THE WORLD.
1:01:08 IT'S IN THEIR INTEREST TO BE SEEN AS, WE ARE
1:01:10 REACTING TO THE AMERICANS SO WE HAVE TO CLOSE THIS DOWN.
1:01:15 THEY WANT TO MAKE MONEY TO COMPENSATE FOR HUGE
1:01:17 ECONOMIC LOSSES THIS WAR HAS PUT ON THEM.
1:01:20 WHO KNOWS WHAT THE MONEY EXCHANGED HANDS, WHAT'S GOING ON, WE DON'T KNOW YET.
1:01:27 I DON'T KNOW IF THIS TANKER IS GOING TO PASS THE AMERICAN NAVAL BLOCKADE,
1:01:31 WHERE THE GULF OF OMAN REACHES THE OPEN SEA.
1:01:37 IS IT IRAN BASED?
1:01:39 WILL THE U.S.
1:01:41 LET IT THROUGH?
1:01:43 THERE ARE QUESTIONS ABOUT THAT ONE.
1:01:47 THERE ARE STILL DRONES ACROSS THE GULF.
1:01:52 THE UAE AND KUWAIT SAID THEY INTERCEPTED OR RESPONDED TO DRONE ATTACKS.
1:01:53 THEY DON'T KNOW FROM WHO, BUT THEY ARE INVESTIGATING.
1:01:57 THERE SEEMS TO BE POTSHOTS GOING BACK
1:02:00 AND FORTH EVEN AS THE SHIPS START TO TRANSIT.
1:02:02 THERE ARE SO MANY QUESTIONS.
1:02:04 DAVID: THAT IS TO A DEFINITIONAL QUESTION.
1:02:07 THIS IS A CEASE FIRE.
1:02:12 WE HEAR THAT FROM THE PRESIDENT AND HIS ADVISERS YET WE ARE
1:02:16 SEEING THE DRONE STRIKES YOU MENTIONED AND RETALIATORY STRIKES BY THE U.S.
1:02:20 ON IRANIAN MILITARY SITES.
1:02:21 IT'S A FUNNY THING.
1:02:22 I WONDER WHAT WE SHOULD READ INTO THAT?
1:02:24 THE PRESIDENT ADAMANT THAT WE ARE STILL IN THE CEASE FIRE,
1:02:27 AND HE TALKS ABOUT THE PROSPECT OF EXTENDING IT AGAIN.
1:02:32 WENDY: RIGHT.
1:02:35 I'VE SEEN THIS IN PREVIOUS ADMINISTRATIONS WHERE
1:02:36 A CEASE FIRE ISN'T REALLY A CEASE
1:02:38 FIRE OR SOMETHING IS DEEMED NOT SO BAD THAT IT IS CONSIDERED A VIOLATION.
1:02:45 IN OTHER CEASE FIRE'S ONE BULLET MEANS,
1:02:45 THAT'S IT, WE ARE BACK TO BOMBING EACH OTHER.
1:02:49 IT IS A LITTLE ODD.
1:02:53 IT'S IN NEITHER TRUMP OR IRAN'S INTEREST TO SAY THAT THE CEASE FIRE HAS ENDED.
1:02:56 ONE, IT'S POLITICALLY BAD FOR THE PRESIDENT HERE.
1:03:03 PLUS, REMEMBER, HE CLAIMED, WE THINK, WITHOUT LEGAL BASIS,
1:03:09 THAT THE 60-DAY CLOCK ON CONGRESSIONAL APPROVAL IS
1:03:11 PAUSED BECAUSE WE ARE IN A CEASE FIRE.
1:03:14 IF HE SAYS THERE IS NO CEASE FIRE, THEN CONGRESS, EVEN REPUBLICANS IN CONGRESS,
1:03:18 ARE STARTING TO GET PRETTY EAGER FOR A WAR POWERS RESOLUTION.
1:03:23 I DON'T KNOW THAT ONE WOULD PASS, BUT THERE IS AT LEAST AGITATION TOWARDS THEM.
1:03:29 FOR THE IRANIANS, IS NOT IN THEIR INTEREST
1:03:30 TO SAY THE CEASE FIRE IS OVER BECAUSE THE U.S.
1:03:32 AND ISRAEL WILL START HAMMERING THEM AGAIN.
1:03:34 CHRISTINA: I WANTED TO ASK ABOUT HOW
1:03:37 THIS FACTORS INTO THE BIG SUMMIT BETWEEN THE U.S.
1:03:42 PRESIDENT IN THE CHINESE PRESIDENT NEXT WEEK.
1:03:46 THIS WEEK.
1:03:47 WE WERE JUST SPEAKING EARLIER ABOUT HOW CHINA GETS
1:03:48 ABOUT 40% OF ITS CRUDE THROUGH THE STRAIGHT AND IS
1:03:54 IMPORTED THE SMALLEST NUMBER IN YEARS OF ENERGY JUST
1:03:56 BECAUSE OF THE PIPELINE ISSUE COMING THROUGH THE STRAIGHT.
1:04:01 HOW DOES THE IRAN WAR PLAY INTO THE CHINESE STRATEGY HERE.
1:04:04 AT ONE POINT ANALYSTS HAVE SAID THEY WILL AT THE U.S.
1:04:06 GO AHEAD AND MAKE WHAT THEY SEE HIS A STRATEGIC BLUNDER.
1:04:09 BUT AT THE OTHER POINT IT IS STARTING TO AFFECT THEIR BOTTOM
1:04:13 LINE AND SOME TIME YOU'LL SEE DONE— DOWNSTREAM IMPACTS FROM THE CRASH.
1:04:19 YOU ARE RIGHT ON ALL OF THAT.
1:04:19 THEY MEET IN THE FIRST OF FOUR POSSIBLE MEETINGS THIS YEAR.
1:04:24 BEGINNING ON THURSDAY.
1:04:28 SO WE DON'T KNOW HOW MUCH WILL CHANGE ON THE WARFRONT BETWEEN NOW AND THURSDAY.
1:04:30 COULD BE A LOT, COULD BE NOTHING.
1:04:32 AND THE WAR IS CERTAINLY THE ELEPHANT IN THE ROOM TALKING ABOUT THEIR TRADE
1:04:40 TERMS AND INVESTMENT DEALS AND TAIWAN AND ALL THE THINGS THAT A NORMAL,
1:04:47 WITH THE TOPICS THAT THEY DISCUSSED IN TRUMP'S FIRST TERM.
1:04:53 BUT YOU KNOW THEY ARE, CHINESE ANALYSTS BELIEVE THAT THE U.S.
1:04:57 HAS DEPLETED ITS MUNITIONS TO AN EXTENT WHERE
1:04:59 THEY MAY NOT BE ABLE TO DEFEND TAIWAN,
1:05:02 WHICH WE MAY NOT BE ABLE TO DEFEND TAIWAN.
1:05:07 SO THEN HE MAY COME INTO THIS MEETING READY TO TALK ABOUT
1:05:10 TAIWAN BECAUSE HE KNOWS IN THIS CASE OR LEAST HE BELIEVES THE U.S.
1:05:14 MAY BE A PAPER TIGER ON TAIWAN.
1:05:19 THERE MAY BE SOMETHING WHERE HE WANTS
1:05:21 TO SEE SOME MOVEMENT IN EXCHANGE FOR STAYING OUT
1:05:24 OF THE WAY WHILE THEIR MAIN SOURCE OF OIL IS IN THIS WAR WITH THE U.S..
1:05:30 SO IT IS A HUGE ELEMENT.
1:05:32 BLOOMBERG NEWS SR.
1:05:32 D.C.
1:05:32 EDITOR THANK YOU WAS AS ALWAYS FOR JOINING US.
1:05:38 LET'S STICK WITH THAT BETWEEN PRESIDENT TRUMP AND PRESIDENT XI.
1:05:40 ENERGY ON THE JET— AGENDA WITH TRADE POLICY.
1:05:43 ALL OF THAT IS GOING TO BE AS WELL A BUSY ONE.
1:05:49 DANNY RUSSELL JOINS US,
1:05:51 HE'S A FORMER ASSISTANT SECRETARY OF STATE FOR EAST ASIA AND PACIFIC AFFAIRS.
1:05:53 GREAT TO SPEAK WITH YOU ONCE AGAIN.
1:05:56 LET'S PICK UP FROM THERE.
1:05:59 WE HAVE THIS MEETING LAST WEEK INVOLVING
1:06:02 THE IRANIAN FOREIGN MINISTER AND THE CHINESE FOREIGN MINISTER.
1:06:03 WE SAW THE PHOTOGRAPH I'M SURE MEMBERS
1:06:06 OF THE TRUMPET ADMINISTRATION SAW THAT PHOTOGRAPH AS WELL.
1:06:09 HOW MUCH IS THIS CONFLICT IN THE MIDDLE EAST
1:06:11 GOING TO COLOR WITH THESE TWO LEADERS TALK ABOUT.
1:06:14 IN THE COMING DAYS.
1:06:23 IT IS IMMENSE WHEN IT COMES TO THE TRUMP XI JINPING SUMMIT.
1:06:29 YOU THINK ABOUT IT DONALD TRUMP HAD INTENDED TO ARRIVE IN BEIJING
1:06:35 AS A CONQUERING HERO WITH A DECISIVE VICTORY OVER IRAN UNDER HIS BELT.
1:06:42 WHAT THE CHINESE ARE SEEING AS YOU'RE CORRESPONDED WHEN
1:06:45 THE PUT IT OUT IS A PICTURE OF AMERICAN VULNERABILITY, AMERICAN OVERSTRETCH.
1:06:52 TACTICAL MILITARY BRILLIANCE AND STRATEGIC INCOMPETENCE FRANKLY.
1:06:57 THE CHINESE ARE GOOD AT MATH.
1:07:00 IT'S NOT ONLY IRAN.
1:07:02 IT'S IRAN PLUS THE LEGAL RUNNINGS AGAINST
1:07:06 THE TARIFFS PLUS THE SOARING GAS PRICES.
1:07:11 PLUS THE DECLINING POLL NUMBERS.
1:07:15 ALL THIS ADDS UP TO LEVERAGE FOR BEIJING.
1:07:23 TRUMP NEEDS BEIJING'S TO GET IRAN TO NEGOTIATE,
1:07:27 TO COMPROMISE AND HE CERTAINLY CAN AFFORD TO LET CHINA ACTUALLY HELP IRAN.
1:07:33 SO THE BOTTOM LINE IS THAT MEANS XI JINPING HOLDS THE HIGH CARDS NOW.
1:07:40 DO YOU THINK THAT'S WHY WE HAVEN'T SEEN TRY
1:07:42 TO GET OVERLY INVOLVED EITHER YOU CAN DEBATE HOW BEHIND
1:07:46 THE SCENES INVOLVE THEY HAVE BEEN ON THIS CONFLICT
1:07:48 BUT THEY HAVE REALLY HELD THEIR FIRE WHEN WEIGHING IN.
1:07:51 IS IT BECAUSE THEY'RE WAITING FOR THE MOMENT LIKE YOU SAID WITH A BAT IN HAND.
1:08:02 I WOULD SAY THE FIRST REASON IS TO QUOTE HUMPHREY BOGART IN CASABLANCA.
1:08:05 I STICK MY NECK OUT FOR NOBODY.
1:08:09 ONE OF MY FAVORITES, PLEASE CARRY ON.
1:08:13 DANIEL: IT'S ABOUT ALTRUISM.
1:08:15 IT'S ALL ABOUT CHINA.
1:08:18 THEY ARE FOCUSED ON THEIR OWN INTEREST AND THEIR OWN INTEREST NOW ARE NOT
1:08:25 GETTING STUCK IN THE MIDDLE OF A COMPLICATED DIPLOMATIC MASS IN THE MIDDLE EAST.
1:08:33 IT'S TO PROTECT THEIR OWN SHIPPING AND THEIR IMPORTS.
1:08:38 AND TO STOP THE KIND OF ECONOMIC DAMAGE
1:08:42 FROM HIGH-ENERGY PRICE THAT ARE SUPPRESSING DEMAND FOR THEIR EXPORTS.
1:08:47 AND AT THE SAME TIME THEY DON'T WANT A DIRECT CONFRONTATION WITH WASHINGTON.
1:08:54 SO THERE PERFECTLY CONTENT TO HAVE TRUMP ON BENDED KNEE AND ASK FOR HELP.
1:09:01 BUT THEY ONLY BARELY HAVE GONE THROUGH
1:09:04 THE MOTIONS OF DIPLOMACY IN THE MIDDLE EAST.
1:09:10 JUST GENERAL STATEMENTS AND PHONE CALLS WITH THE IRANIAN FOREIGN MINISTER.
1:09:14 CALLING FOR PEACE, CALLING FOR THE HORMUZ STRAIT TO BE REOPENED.
1:09:23 BUT THEY ARE NOT GOING TO TAKE OWNERSHIP OF A PROBLEM CREATED BY THE U.S..
1:09:29 I THINK WERE FAMILIAR WITH THAT TABLEAU, ALONG TABLES VERY FAR APART.
1:09:33 THE CHINESE ON ONE SIDE THE U.S.
1:09:34 ON THE OTHER.
1:09:35 TALKING WITH NICK BURNS YESTERDAY.
1:09:38 I KNOW YOU KNOW WELL ABOUT THE DIFFICULTY OF HAVING
1:09:44 A SPONTANEOUS EVEN CONSTRUCTIVE CONVERSATION WHEN YOU HAVE THAT SET UP.
1:09:47 HE SAID HE WAS QUITE OPTIMISTIC THERE WILL
1:09:49 BE A MOMENT WHICH PRESIDENT XI JINPING AND PRESIDENT
1:09:52 TRUMP WOULD MEET ONE ON ONE PERHAPS IN SHARES
1:09:54 CLOSER TOGETHER AND HAVE THE OPPORTUNITY FOR A CONVERSATION.
1:09:56 IT MADE ME WONDER HOW MUCH THE PERSONAL SIDE OF THIS MATTERS.
1:10:02 COVERING TRADE ECONOMIC ISSUES MAYBE THAT'S THE MOST IMPORTANT PART OF THIS.
1:10:07 IT'S A LONG AGENDA BUT FOSTERING SOME SORT OF A COMMUNICATION,
1:10:10 DEVELOPING THAT ONCE AGAIN WOULD BE A CRUCIAL OUTCOME.
1:10:12 HOW IMPORTANT IS THIS TO DEVELOP
1:10:16 THAT RELATIONSHIP SO MUCH AS PRESIDENT TRUMP CAN.
1:10:21 DANIEL: IT'S UNIQUELY IMPORTANT FOR A COUPLE OF REASONS.
1:10:28 ONE IS THAT THERE IS NO STRUCTURAL ENGAGEMENT,
1:10:32 OR NO ORGANIZED DIALOGUE OR INSTITUTIONAL COMMUNICATION BETWEEN THE U.S.
1:10:38 AND CHINA.
1:10:39 THAT'S REALLY ASTONISHING.
1:10:41 THE— THERE BEEN A FIST— INTERACTIONS OVER TRADE
1:10:46 ISSUES BUT NOTHING YOU COULD REALLY CALL SUBSTANTIVE NEGOTIATIONS.
1:10:50 VIRTUALLY NOTHING ON THE STRATEGIC POLITICAL, AND GEOPOLITICAL SIDE.
1:10:52 SO FRANKLY LEADER TO LEADER IS ALL WE'VE GOT.
1:11:01 THE PROBLEM, THE SECOND THING THERE IS DONALD TRUMP IS VERY MUCH DOING A SOLID.
1:11:10 HE IS A ONE-MAN BAND.
1:11:14 HE DOES NOT GENERALLY WORK THROUGH ELEGANCE.
1:11:16 THERE ARE A FEW EXCEPTIONS.
1:11:17 HIS FRIENDS, CRONIES AND RELATIVES NOT THE INSTITUTIONS.
1:11:22 BUT AT THE SAME TIME YOU KNOW XI JINPING IS A HARD-BOILED LENINIST.
1:11:28 THIS IS NOT A TOUCHY-FEELY KIND OF GUY.
1:11:31 EVEN THOUGH THE PRESIDENT SAID HE IS EXPECTING A BIG WARM HUG FROM XI JINPING.
1:11:37 THAT'S NOT THE XI JINPING I KNOW.
1:11:46 SO I THINK THAT THERE WILL BE DEFINITELY YOU
1:11:51 KNOW HAND-TO-HAND COMBAT'S IN DIRECT TALKS BETWEEN THE TWO LEADERS.
1:11:57 DONALD TRUMP IS NOT VIGOROUS ABOUT STICKING TO AN AGENDA
1:11:59 SO THERE WILL BE SOME FREE-FORM DIPLOMACY HERE.
1:12:03 BUT I DON'T THINK THAT EITHER ONE OF THEM ARE IN PROBLEM SOLVING.
1:12:07 THIS SUMMIT IS ABOUT KICKING THE CAN DOWN THE ROAD.
1:12:12 IRONICALLY IT'S A LOT LIKE THE CEASEFIRE
1:12:17 IN IRAN WHICH IS LOW-GRADE FIGHTING CONTINUES.
1:12:22 THERE IS SOME JOB TALK.
1:12:23 BUT THOSE SITE— BOTH SIDES RUSHING TO TRY
1:12:27 TO REBUILD THEIR CAPABILITIES IN THE COMING BATTLE.
1:12:30 DAVID: APPRECIATE YOUR TIME ON THIS SUNDAY.
1:12:32 DANIEL: THE BEGINNING OF A BEAUTIFUL FRIENDSHIP.
1:12:39 PRESIDENT TRUMP VIOLATED THE LAW WITH 10% TARIFFS HE IMPOSED ON MOST U.S.
1:12:43 IMPORTS.
1:12:43 ANOTHER LEGAL BLOW TO THE WHITE HOUSE WHICH HAS BEEN
1:12:45 TRYING TO EXECUTE ITS TRADE WAR WITHOUT PERMISSION FROM CONGRESS.
1:12:51 A SPICE IMPORTER IS ONE THAT SUED TO GET THIS RESULT.
1:12:54 WE TALK TO THE COFOUNDERS AND CO-CEOS ALONG
1:12:58 WITH SARAH THE CHAIR AND CEO OF THE LIBERAL
1:13:01 JUSTICE CENTER WE STARTED WITH SARAH ASKING ABOUT
1:13:02 THE PROVISION THE TRUMP ADMINISTRATION USED TO IMPOSE THE TARIFFS.
1:13:07 SECTION 122 IS IMPOSED ABOUT FIVE HOURS
1:13:10 AFTER THE PRESIDENT LOST HIS IEEPA TARIFF CASE.
1:13:13 SECTION 122 SAYS THAT THE PRESIDENT HAS THE AUTHORITY
1:13:18 TO GRANT UP TO 15% TARIFFS ON PRETTY MUCH ANY COUNTRY IN THE WORLD IF THERE
1:13:25 IS A LARGE AND SERIOUS BALANCE OF PAYMENTS DEFICIT.
1:13:29 HE HAS THAT AUTHORITY FOR 150 DAYS AND THEN CONGRESS HAS
1:13:32 TO STEP IN AND EITHER RENEW THOSE TARIFFS OR THEY GO AWAY.
1:13:37 SO OUR CASE HELD THAT HE DIDN'T HAVE
1:13:38 A BALANCE OF PAYMENTS LARGE AND SERIOUS DEFICIT.
1:13:41 AND HE WAS NOT AUTHORIZED IN THIS INSTANCE TO USE SECTION 122.
1:13:46 THE COURT CAME BACK AND AGREED WITH US.
1:13:50 THEY GRANTED MOTION FOR SUMMARY JUDGMENT AND A STATE—
1:13:53 IN THE STATE OF WASHINGTON AND THEY ALSO ISSUED A PERMANENT INJUNCTION.
1:13:55 WHAT THAT MEANS IS THE TARIFFS STOP FOR OUR CLIENTS.
1:14:00 THEY CONTINUE FOR EVERYBODY ELSE.
1:14:02 BUT EFFECTIVELY WHAT HAPPENED IN THE IEEPA CASE,
1:14:11 IF WE WANT TO UNIVERSAL INJUNCTION THE GOVERNMENT WOULD'VE ALSO APPLIED
1:14:15 AND SET ASIDE THAT INJUNCTION AND THE TARIFFS WOULD'VE CONTINUED LIKE THEY DID.
1:14:19 SO THERE IS STILL KIND OF THIS SAME WORLD
1:14:22 THEY JUST CHOSE TO DO A LITTLE BIT DIFFERENTLY.
1:14:25 THE GOVERNMENT DID APPEAL ON THE FOLLOWING DAY.
1:14:29 AND SO WERE WAITING TO HEAR FROM THE FEDERAL
1:14:30 CIRCUIT WHEN THE CASE WILL BE HEARD.
1:14:38 TALK TO US ABOUT WHAT THESE TARIFFS HAVE MEANT
1:14:40 FOR YOUR BUSINESS AND THIS DECISION MEANT YOU DON'T HAVE
1:14:42 TO PAY BUT AS WE WERE TALKING ABOUT IT DOESN'T
1:14:44 MEAN OTHER SMALL BUSINESSES ARE STILL TANGLED UP IN THIS WEB.
1:14:48 KICK US OFF AND WE CAN GO OVER TO YOU.
1:14:50 THANKS FOR HAVING US.
1:14:52 WE ARE THE COFOUNDERS AND CO-CEOS OF A SINGLE
1:14:56 ORIGIN SPICE COMPANY FROM ALL AROUND THE WORLD.
1:15:05 WE REALLY GREW UP DURING COVID SO
1:15:06 WE NAVIGATED ALL THIS IT'S BEEN QUITE CHALLENGING.
1:15:07 WE WORK THRILLED TO SEE WE WON THE CASE.
1:15:16 A HUGE GOOD FOR SARAH AND THE LIBERTY
1:15:16 JUSTICE CENTER FOR A VERY WELL ARGUED CASE.
1:15:24 IT'S KIND OF AMAZING TO US THE VERY SMALL COMPANY
1:15:26 LIKE OURS CAN SUE THE GOVERNMENT WHICH TURNS OUT TO BE
1:15:30 AN ILLEGAL POLICY AND ACTUALLY WHEN THE TARIFFS OF HAD
1:15:33 A PRETTY SIGNIFICANT IMPACT ON THE BUSINESS OVER THE PAST YEAR.
1:15:36 PAYING OUT UNDER THE IEEPA TARIFFS.
1:15:40 PLUS AN ADDITIONAL TARIFFS UNDER SECTION 122.
1:15:44 IT'S BEEN A CHALLENGING SITUATION TO NAVIGATE
1:15:45 BUT WE ARE THRILLED TO BE IN THIS POSITION.
1:15:47 CHRISTINA: DO YOU THINK YOU WILL GET THAT MONEY BACK?
1:15:51 THIS WAS A REALLY BIG VICTORY FOR US.
1:15:57 SMALL ENTREPRENEURS THIS IS A REALLY BIG WIN
1:16:01 WITH INVALIDATING THESE TARIFFS FOR US IN GREETING A NARROW
1:16:03 EXEMPTION THAT WE WOULD'VE LIKED BUT THIS IS THE BEGINNING
1:16:06 IT'S THE CRACK IN THE DAM THAT WILL TAKE
1:16:10 THIS OVERALL AND THAT'S ALSO THE BEGINNING WHEN WE
1:16:15 GET THIS MONEY BACK WE WILL KEEP PUSHING THIS WAS
1:16:20 ALWAYS ABOUT INVALIDATING THESE TARIFFS IN ORDER TO SUPPORT
1:16:21 NOT JUST US BUT THE SMALL BUSINESSES ACROSS AMERICA.
1:16:26 DAVID: WALKER'S THREE DECISION TO FILE THE SUIT AND PUSH BACK AGAINST
1:16:30 THESE TARIFFS FOR YOU TO HOOK UP WITH THE LIBERTY JUSTICE CENTER.
1:16:34 THOUSANDS OF SMALL BUSINESSES UNDER THE SAME PRESSURES.
1:16:36 WHY DID YOU DECIDE TO TAKE THIS STEP OF FIGHTING THIS IN COURT?
1:16:42 WE ARE A SOCIAL ENTERPRISE AND PUBLIC
1:16:45 BENEFIT CORPORATION SO SOCIAL IMPACT HAS ALWAYS BEEN
1:16:49 AT THE HEART OF WHAT WE DO FROM ALL
1:16:52 FORMS AROUND THE WORLD TO NOW PURSUING THIS LAWSUIT.
1:16:56 WE'VE BEEN FOLLOWING THIS CASE OVER THE PAST YEAR QUITE CLOSELY.
1:17:02 WE FILED AN AMICUS BRIEF.
1:17:05 BUT ULTIMATELY THE DECISION TO FILE THIS SUIT WAS A QUICK ONE.
1:17:10 WE HAD A COUPLE OF DAYS TO ESSENTIALLY MAKE THE DECISION.
1:17:12 I WAS STRANDED IN INDIA BECAUSE OF THE BOMBING IN IRAN.
1:17:16 IT WAS A DIFFICULT MOMENT TO MAKE A BIG
1:17:20 DECISION BUT WE WERE REALLY EXCITED TO PURSUE IT.
1:17:23 IT WAS NOT A HARD DECISION EVEN THOUGH WE HAD
1:17:26 TO MAKE IT QUICKLY BECAUSE WE KNEW THIS WAS THE RIGHT
1:17:31 THING TO DO AND THERE ARE HUNDREDS OF THOUSANDS
1:17:34 OF IMPORTERS ACROSS THE COUNTRY AND WHERE ARE THE BIG CORPORATIONS?
1:17:36 WE ARE A TINY LITTLE COMPANY TO EMPHASIZE.
1:17:44 WE ARE NOT A BIG SPICE IMPORTER LET
1:17:45 ALONE COMPARED TO OTHER BIG IMPORTERS OF PRODUCTS.
1:17:47 WHERE WERE ALL THE BIG CORPORATIONS WHO HAD
1:17:50 THE BUDGET AND RESOURCES TO PUSH BACK AGAINST THIS POLICY?
1:17:53 THE ONLY LAWSUITS THEY FILED WERE FOR THEIR OWN REFUNDS.
1:18:01 AND WE ARE REALLY DOING THIS TO SUPPORT
1:18:01 SMALL BUSINESSES IN PARTICULAR ACROSS THE COUNTRY.
1:18:05 WE FELT LIKE SOMEBODY HAD TO STAND UP FOR VARIOUS
1:18:10 REASONS WE WERE EXCITED TO BE THE ONES TO DO IT.
1:18:16 I WANTED TO ASK ABOUT YOUR PRODUCT.
1:18:18 SPICE IS THE OJI INTERNATIONAL TRADE GOING BACK MILLENNIA.
1:18:21 THIS IS WHAT STARTED INTERNATIONAL COMMERCE AND TRADE ROUTES.
1:18:23 PART OF THIS TARIFF IS THE PRESIDENT TRYING
1:18:28 TO GET PEOPLE TO MANUFACTURE PRODUCTS IN AMERICA.
1:18:33 AS WE KNOW THROUGHOUT HISTORY AND THE HISTORY OF COLONIZATION IN ALL THIS.
1:18:35 SOME THINGS CAN ONLY BE GROWN IN CERTAIN PLACES.
1:18:38 TALK US THROUGH WHERE YOU GET YOUR PRODUCTS AND HOW THIS ALL CAME TO BE.
1:18:45 AND THE COMP GATED WEB OF NAVIGATING
1:18:45 THAT WHILE TRYING TO NAVIGATE THESE TARIFFS.
1:18:51 WE JOKED ON SHARK TANK THAT THE SPICE
1:18:53 TRADE IS THE OLDEST PROFESSION IN THE WORLD.
1:19:00 IT'S NOT JUST THE SORT OF BIOLOGY OF WHERE CERTAIN CROPS
1:19:04 CAN GROW BUT ALSO THE LONG-STANDING
1:19:05 TRADITIONS OF GROWING THOSE PARTICULAR CROPS.
1:19:07 YOU CAN GROW IN THE UNITED STATES BUT WE
1:19:12 WORK WITH SOME REALLY SPECIALIZED CINNAMON HARVESTERS IN CENTRAL VIETNAM.
1:19:16 SOME RARE SPECIES BUT THE ONLY COMPANY TO IMPORT IT WE CALL IT ROYAL CINNAMON.
1:19:23 IT IS A LONG HISTORY IN CENTRAL VIETNAM.
1:19:28 WE WORK WITH PHOTOS IN CENTRAL AFGHANISTAN.
1:19:30 I WAS AN AID WORKER THERE BEFORE STARTING THE COMPANY AND SO WE
1:19:37 STILL WORK AS AN AID WORKER IS VERY SPECIAL VARIETY OF WILD CUMIN.
1:19:39 IT DEPENDS ON HAVING A CUSTOMER BASE IN THE U.S..
1:19:49 AND THAT'S REALLY WHAT THE TARIFFS HAVE KIND OF ATTACKED IN PARTICULAR.
1:19:51 FROM PLACES THAT GROW REALLY UNIQUE PRODUCTS.
1:20:01 WE'VE HEARD A LOT OF COMPANIES ON WHETHER
1:20:04 TO NOT TO PASS ADDITIONAL FEES TO THEIR CUSTOMERS.
1:20:06 TAKE US BEHIND THE SCENES AS YOU LOOK AT YOUR FINANCIALS
1:20:09 AS YOU HAVE FINANCIALS OVER THE LAST MANY MONTHS,
1:20:12 WHAT HAS THIS DONE TO THE BUSINESS AND THE IMPOSITION OF THESE TARIFFS,
1:20:15 WHAT DID THEY THREATENED TO DO?
1:20:20 WHEN THE RECIPROCAL TERRACE FIRST CAME OUT LAST APRIL WE LOOKED
1:20:23 AT THE BUSINESS AND SAID WE CAN BRING VIETNAMESE CINNAMON FROM EVERYWHERE ELSE.
1:20:27 WHICH IS WHAT WE DO AS A BUSINESS PHILOSOPHICALLY THAT'S
1:20:31 WHERE YOU GET THE BEST SPICES IN THE WORLD FROM.
1:20:34 WE LOOKED AROUND AND WHAT WE REALIZED IS
1:20:36 THE PLACE WE CAN SAVE THE MONEY WAS DOMESTICALLY.
1:20:41 WE STARTED LOOKING AT HOW FAST WE COULD
1:20:42 SHIFT STARTING SAVE MONEY ON CARDBOARD AND CORA GET.
1:20:45 ALL THESE THINGS OF THE BIG IRONY OF ALL OF THIS IS
1:20:50 AN ORDER FOR US TO KEEP PRICES STEADY AND NOT
1:20:52 RACE PRICES OR PUSH THEM BACK ONTO THE FARMERS TO COVER
1:20:53 THESE TARIFFS WHAT WE ENDED UP DOING IS SAVING DOMESTICALLY.
1:20:57 THE FUNDING FOR THE LIBERTY JUSTICE CENTER THAT MONEY COMING
1:21:03 BACK TO US IS GOING RIGHT BACK INTO THE AMERICAN ECONOMY
1:21:08 AND WRITE BACK AND INVESTING IN HER OWN BUSINESS AND WE
1:21:10 HAVE THESE THINGS COMING FROM THESE TARIFFS IN THE SAME WAY.
1:21:15 CHRISTINA: DO YOU HAVE TO WAIT FOR HIM— FOR THIS TO GET KICKED UP
1:21:20 TO THE APPEALS COURT AND DO OTHER
1:21:22 BUSINESSES COMING TO AN WANTING THE SAME RESULTS.
1:21:26 ON FRIDAY, THE GOVERNMENT DID FILE A NOTICE OF APPEAL TO GET THE FEDERAL CIRCUIT
1:21:31 COURT SO WE WERE WAITING ON THE COURT TO ISSUE A SCHEDULE AND HEARING DATA.
1:21:40 I'M HOPING THEY EXPEDITE THIS, IT IS IN THEIR BEST INTEREST.
1:21:42 I THINK THE GOVERNMENT WOULD WANT THAT TOO.
1:21:46 SO THEY CAN SETTLE ONCE AND FOR ALL.
1:21:47 THEY REALLY NEED TO GIVE RELIEF FOR THESE BUSINESSES THAT ARE NOT
1:21:51 ONLY BEEN FORCED TO PAY THESE TARIFFS AND WAIT FOR THEIR REFUNDS,
1:21:54 AND NOW THEY ARE PAYING THESE ILLEGAL TARIFFS AND IT JUST HAS TO STOP.
1:21:58 DAVID: WHAT CAN YOU SAY ABOUT THE GOVERNMENT'S CAPACITY
1:22:02 TO DEFEND THE TARIFFS THE PRESIDENT HAS PUT IN PLACE.
1:22:05 THERE'S BEEN SOME SPECULATION FROM THE GET-GO THERE ARE
1:22:08 SPECIOUS ARGUMENTS FROM THE PRESIDENT
1:22:09 ABOUT THE NATIONAL SECURITY JUSTIFICATIONS.
1:22:13 THE PREVIOUS TARIFFS IN THIS NOVEL WAY.
1:22:16 AS YOU'VE GONE THROUGH THIS PROCESS,
1:22:20 HOW AFFORDABLE— WHAT YOU'RE GOING UP AGAINST.
1:22:24 THEY HAD AN ARGUMENT THAT MAKES SENSE FOR THEM.
1:22:26 I THINK WE HAD A STRONGER ARGUMENT.
1:22:28 WERE REALLY FOCUSED ON THE STATUTORY INTERPRETATION AND WHAT WAS GOING
1:22:32 ON IN 1974 WHEN CONGRESS PASSED TO THE TRADE ACT WHEN WE WERE
1:22:38 IN A DIFFERENT WORLD AND THE BALANCE OF PAYMENTS DEFICIT CRISIS NO
1:22:43 LONGER EXISTS IN THE EXCHANGE RATE WHICH IS WHAT WE ARE IN NOW.
1:22:49 A TRADE DEFICIT IS IN FACT THE SAME THING AS A BALANCE OF PAYMENTS DEFICIT.
1:22:52 WE ARGUED THAT IT WASN'T.
1:22:54 THE COURT AGREED WITH.
1:22:58 CHRISTINA: ACCORDING TO IRANIAN MEDIA, IRAN HAS COMMITTED A RESPONSE TO THE U.S.
1:23:01 PROPOSAL.
1:23:02 THAT WAS SENT VIA PAKISTANI MEDIATORS COMING
1:23:06 FROM BLOOMBERG BEST LIVE IN THE TERMINAL NOW.
1:23:11 OBVIOUSLY THIS IS THE RESPONSE THE U.S.
1:23:15 SUBMITTED TO PAKISTAN AND ONE DEALING WITH THE NUCLEAR ISSUE EXCLUSIVELY.
1:23:18 WE WILL SEE WHAT THEY HAVE TO SAY.
1:23:22 FIRST THAT AND THEN THE OTHER BUT THE QUESTION IS WILL U.S.
1:23:26 BE WILLING TO GIVE UP THAT LEVERAGE BEFORE NEGOTIATIONS.
1:23:29 BLOOMBERG THIS WEEKEND WILL BE RIGHT BACK.
1:23:39 LISA: LET'S UPDATE YOU ON TODAY'S TOP STORIES.
1:23:42 THIS HEADLINE ACROSS THE TERMINAL.
1:23:45 ISLAMIC NEWS AGENCY REPORTING IRAN HAS SUBMITTED A RESPONSE TO THE U.S.
1:23:51 PROPOSAL.
1:23:52 THE NEGOTIATIONS WILL FOCUS ON ENDING THE WAR IN THE REGION.
1:23:53 WE WILL KEEP YOU UPDATED WITH THAT.
1:23:57 RUSSIAN PRESIDENT VLADIMIR PUTIN SAID THE CONFLICT
1:24:00 IN UKRAINE IS NEARING ITS END.
1:24:02 HE SPOKE WITH REPORTERS AFTER HE OVERSAW VICTORY DAY PARADE
1:24:06 COMMEMORATING THE DEFEAT OF NAZI GERMANY IN WORLD WAR II.
1:24:10 SECURITY WAS TIGHT AT THE PARADE BUT THERE WERE NO HEAVY TANKS OR WEAPONS,
1:24:16 A FIRST IN NEARLY TWO DECADES.
1:24:19 BASEBALL FANS ARE MOURNING THE LOSS OF BOBBY COX.
1:24:25 HE LED THE TEAM TO 14 STRAIGHT DIVISION
1:24:26 TITLES AND THE WORLD SERIES TITLE IN 1995.
1:24:30 HE ALSO PLAYED PROFESSIONALLY FOR THE NEW YORK YANKEES
1:24:33 IN THE 1968 AND 69 SEASONS PRETTY WAS 84.
1:24:35 THE CAROLINA HURRICANES COMPLETED A SECOND ROUND SWEEP
1:24:40 OF THE PHILADELPHIA FLYERS WITH AN ALL-TIME WIN.
1:24:46 THE COLORADO AVALANCHE LOST TO THE MINNESOTA WILD.
1:24:49 TONIGHT BUFFALO TAKES ON MONTREAL AND THE VEGAS
1:24:51 GOLDEN KNIGHTS BATTLE THE ANAHEIM DUCKS.
1:24:56 THE OKLAHOMA CITY THUNDER BEAT THE LOS ANGELES LAKERS.
1:24:58 LEADING IN THAT SERIES.
1:25:00 YESTERDAY YOU HAD THE CLEVELAND CAVALIERS BEAT THE DETROIT PISTONS.
1:25:04 DETROIT STILL LEADS THAT SERIES TODAY.
1:25:09 THE NEW YORK KNICKS HAVE THE CHANCE TO SWEEP
1:25:11 THE SERIES WHEN THEY PLAY IN PHILADELPHIA AT 3:30 P.M.
1:25:14 LOCAL TIME.
1:25:14 DAVID AND CHRISTINA.
1:25:15 DAVID: WEEKS AWAY FROM SUMMER VACATION WHEN FAMILIES
1:25:19 ARE TRAVELING ACROSS THE COUNTRY OR AROUND THE WORLD.
1:25:24 EUROPE'S VACATION MONTH BEGINS IN AUGUST.
1:25:27 CHRISTINA: BETWEEN CONFLICT AND THE MIDDLE EAST AND POSSIBLE FUEL SHORTAGES
1:25:30 AND FLIGHT COSTS THERE'S A LOT OF QUESTIONS ABOUT UPCOMING TRAVEL.
1:25:33 IT IS TRAVEL INSURANCE WORTH IT?
1:25:36 A JOURNALIST WITH BLOOMBERG'S PURSUITS WROTE ABOUT IT AND IS HERE TO DISCUSS IT.
1:25:42 JOINING US, SARAH WE ARE ALL VERY JEALOUS.
1:25:45 THANK YOU FOR BEING WITH US.
1:25:47 SARAH: THANKS FOR HAVING ME.
1:25:49 CHRISTINA: YOU START BY TALKING ABOUT THIS GUY WHO BOOKED TICKETS TO SAUDI
1:25:55 FOR A CONFERENCE AND HE KNEW IT WAS KIND OF RISKY SO HE BOUGHT
1:25:58 THE FLIGHT COMPANIES TRAVEL INSURANCE AND THEN HE FIGURED HE WOULD BE GOOD
1:26:02 BUT HE BOUGHT THE FLIGHT INSURANCE AND THEN SAID SORRY WE DON'T COVER WAR.
1:26:08 IS FLIGHT INSURANCE WORTH IT IN TIMES OF UNCERTAINTY AND CONFLICT?
1:26:10 WHAT DOES IT COVER, WHAT DOESN'T IT COVER?
1:26:13 SARAH: IT'S A QUESTION A LOT OF PEOPLE ARE ASKING THESE DAYS.
1:26:19 AS YOU POINTED OUT, THINGS HAVE BEEN REALLY MESSY
1:26:24 ON THE TRAVEL FRONT AND IT WAS EXACTLY THAT, A PROFESSOR
1:26:29 WAS GOING TO SAUDI FOR A WORKSHOP AND HE
1:26:33 BOUGHT THE TRAVEL INSURANCE THAT WAS OFFERED WITH HIS FLIGHT.
1:26:34 AND INSTEAD IT WOULD PROTECT HIS TRIP AND HE
1:26:38 LOOKED AT THE FINE PRINT OR AT LEAST
1:26:41 SKIMMED THROUGH THE FINE PRINT AND THOUGHT THIS COVERS
1:26:45 A LOT OF STUFF SO I AM GOOD.
1:26:49 HIS TRIP WAS DERAILED BY THE MILITARY ACTION IN THE MIDDLE EAST.
1:26:52 AND HE DISCOVERED THAT HE WAS IN FACT NOT COVERED.
1:26:55 THAT IS HAPPENING A LOT THESE DAYS UNFORTUNATELY.
1:26:59 IF I HAD ONE PIECE OF ADVICE FOR TRAVELERS
1:27:00 AND IT IS SUCH A DRAG BUT IT IS SO IMPORTANT.
1:27:04 READ THE FINE PRINT AND REALLY UNDERSTAND WHAT IT
1:27:09 IS YOU ARE GETTING WHEN YOU BUY TRAVEL INSURANCE.
1:27:14 DAVID: I'M CURIOUS GENERALLY SPEAKING WHAT TRAVEL INSURANCE DOES COVER.
1:27:17 IS IT NATURAL DISASTERS, DELAYS ONE MIGHT ENCOUNTER IF THERE'S MAYBE NOT.
1:27:25 AND AT THE AIRPORT?
1:27:27 WHAT WILL LOOK AT ME IF I DO GO THROUGH FLIGHT.
1:27:32 HERE ARE SOME OF THE THINGS TRAVEL INSURANCE IS GREAT FOR.
1:27:35 LET'S SAY YOU GET SICK BEFORE A TRIP.
1:27:38 YOU GET SICK ON A TRIP.
1:27:41 LET'S SAY THAT YOUR FLIGHT IS DELAYED FOR SAY
1:27:43 OVERNIGHT AND YOU NEED A PLACE TO STAY.
1:27:47 LET'S SAY YOUR LUGGAGE GETS LOST.
1:27:51 LET'S SAY YOUR FLIGHT GETS CANCELED AND YOU
1:27:55 NEED A WAY TO GET TO THE DEPARTURE POINT.
1:27:57 THOSE ARE THINGS TRAVEL INSURANCE IS REALLY GOOD AT COVERING.
1:28:02 HERE ARE SOME OF THE THINGS IT IS NOT GOOD AT COVERING.
1:28:09 IF SAY THERE IS AN INVASION OF THE COUNTRY WHERE
1:28:12 YOU WERE VISITING YOU ARE GOING TO BE OUT OF LUCK.
1:28:18 OR LET'S SAY THAT YOUR FLIGHT AS IT HAPPENED
1:28:20 SO MANY PEOPLE THIS YEAR YOUR FLIGHTS ARE COMPLETELY CANCELED,
1:28:23 YOU HAVE NO WAY OUT OF A NEARBY LOCATION BECAUSE OF THE WAR OR MILITARY ACTION.
1:28:29 WHAT ABOUT IF YOUR AIRLINE GOES OUT OF BUSINESS?
1:28:34 SARA: SUPER RELEVANT RIGHT NOW.
1:28:35 IF IT GOES OUT OF BUSINESS GENERALLY YOU ARE GOING TO BE COVERED.
1:28:42 YOU NEED TO LOOK FOR THAT PARTICULAR CLAUSE IN YOUR TRAVEL
1:28:46 INSURANCE BECAUSE EVERY INSURANCE POLICY IS A LITTLE BIT DIFFERENT.
1:28:50 YOU WANT TO LOOK FOR THE CLAUSE THAT SAYS IF YOUR TRAVEL COMPANY GOES
1:28:55 OUT OF BUSINESS OR STOPS OPERATING
1:28:57 FOR FINANCIAL REASONS THAT YOU WILL BE COVERED.
1:28:59 IF THE COMPANY GOES OUT OF BUSINESS OFTEN THEY
1:29:02 ARE NOT GOING TO BE GIVING YOUR MONEY BACK.
1:29:04 DAVID: THE CANCEL FOR ANY REASON INSURANCE.
1:29:07 MORE EXPENSIVE, WHAT DO I GET FOR THAT IF I PONY UP THE EXTRA MONEY?
1:29:15 SARA: SO CANCEL FOR ANY REASON INSURANCE YOU WILL ALSO SEE THAT.
1:29:19 THE FUNNY THING IS THAT'S WHAT PEOPLE OFTEN
1:29:22 THINK THEY ARE BUYING WHEN THEY BUY TRAVEL INSURANCE.
1:29:25 BUT IT IS NOT.
1:29:28 CANCEL FOR ANY REASON INSURANCE MEANS IF YOU
1:29:32 GET NERVOUS ABOUT YOUR TRIP YOU CAN CANCEL IT.
1:29:36 IF YOUR KID GETS INTO THE CHAMPIONSHIPS AND YOU DON'T WANT
1:29:39 TO MISS THEIR GAME AND YOU WANT TO CANCEL YOUR TRIP YOU CAN.
1:29:42 THAT SAID THERE ARE A LOT OF CATCHES THAT GO ON WITH CANCEL FOR ANY REASON.
1:29:46 ONE AS YOU POINTED OUT IT IS EXPENSIVE.
1:29:51 IT CAN COST UP TO ABOUT 18% OF THE COST OF YOUR TRIP.
1:29:57 IT'S NOT INTERRUPTION FOR ANY REASON INSURANCE IT'S NOT ALMOST GOT
1:30:00 TO THE END MY TRIP AND DECIDED TO GO HOME EARLY.
1:30:04 IT'S CANCEL FOR ANY REASON INSURANCE SO IT HAS
1:30:06 TO BE ACTIVATED BEFORE YOU GO ON THE TRIP.
1:30:13 DAVID: CHRISTINA: WHAT ABOUT SOMETHING LIKE HANTAVIRUS.
1:30:17 GLOBAL PANDEMICS PLAGUES AND VIRUSES,
1:30:20 ARE THOSE KIND OF THINGS COVERED WITH REGULAR TRAVEL INSURANCE?
1:30:27 SARA: IT WILL REALLY DEPEND ON THE INDIVIDUAL CIRCUMSTANCES.
1:30:30 ONE THING THAT I PERSONALLY RECOMMEND SOMEONE WHO
1:30:33 TRAVELS A LOT IS TO HAVE MEDICAL EVACUATION INSURANCE.
1:30:38 YOU CAN ALSO ADD CRISIS INSURANCE TO.
1:30:44 THESE ARE COMPANIES I CALL THEM INSURANCE,
1:30:46 THEY DON'T LIKE BEING CALLED INSURANCE THEY ARE
1:30:49 TECHNICALLY MEMBERSHIP ORGANIZATIONS AND THEY CAN COST A FEW
1:30:54 TO SEVERAL HUNDRED DOLLARS A YEAR AND WHAT
1:30:56 YOU GET IS ASSURANCE THAT IF SOMETHING HAPPENS,
1:30:58 AND EMERGENCY WHERE YOU NEED TO GET HOME AND YOU ARE IN YOUR AT LEAST
1:31:04 150 MILES AWAY FROM HOME THAT THEY WILL TAKE CARE OF THAT.
1:31:09 SO COVID OR SOMETHING LIKE COVID WHERE A COUNTRY GETS
1:31:15 SHUT DOWN OR THERE IS POLITICAL UNREST OR THERE'S A TERRORIST
1:31:20 ATTACK OR YOU FALL AND BREAK YOUR LEG REALLY BADLY
1:31:23 AND YOU CANNOT GET THE TREATMENT YOU NEED WHERE YOU ARE.
1:31:25 THOSE OF THE SERVICES I WOULD USE TO MAKE SURE I CAN GET HOME.
1:31:29 THOSE KIND OF EXPENSES CAN BE VERY COSTLY.
1:31:36 I TALKED TO FOR A WHILE AGO I TALKED
1:31:39 TO SOMEBODY IN THE MEDICAL TEAM AT BURNING MAN AND HE
1:31:42 SAID THAT IF YOU NEED TO GET EVACUATED FROM BURNING
1:31:44 MAN IT CAN COST YOU TENS OF THOUSANDS OF DOLLARS.
1:31:46 IN THAT CASE IT FEELS LIKE IT'S REALLY WORTH IT
1:31:50 TO PAY A FEW HUNDRED DOLLARS TO BE COVERED FROM THERE.
1:31:54 IF I EVER DECIDE TO GO TO BIRMINGHAM.
1:31:56 BUT YOU KNOW WHAT IT'S A GOOD NOTE.
1:32:01 SARAH THANK YOU.
1:32:02 SAME THING.
1:32:03 THANK YOU AGAIN.
1:32:05 SARAH CLEMENTS FROM BLOOMBERG PURSUITS THANK YOU SO MUCH.
1:32:08 DAVID: HAVE YOU EVER BEEN CHRISTINA: TO BURNING MAN?
1:32:10 CHRISTINA:DO I LOOK LIKE SOMEONE WHO'S BEEN TO BURNING MAN?
1:32:12 EQUALLY LIKELY TO ATTEND BURNING MAN.
1:32:15 I DO TRAVEL A LOT IT'S A GOOD REMINDER TO CHECK YOUR TRAVEL
1:32:22 INSURANCE AND TRAVELING IN THE MIDDLE EAST THINGS ARE MAYBE NOT CALM DOWN.
1:32:27 SOME BREAKING NEWS, IRAN SUBMITTED ITS RESPONSE TO THE LATEST U.S.
1:32:30 PROPOSAL TO END 10 WEEKS OF CONFLICT.
1:32:32 THE ISLAMIC OR PUBLIC NEWS AGENCY IS REPORTING THAT TODAY.
1:32:39 DAVID: WOULD ACCEPT THE PLAN THAT WOULD PERMIT PASSERS
1:32:42 OF THE STRAIT OF HORMUZ BY RON AND THE U.S.
1:32:44 WOULD END ITS BLOCKADE ON THE PORTS.
1:32:48 NOW SEVERAL DAYS AGO WE FIRST GOT THE REPORT OF THAT FROM AXIOS
1:32:53 WHEN IT WAS TRANSMITTED TO THE IRANIAN VIA THE PAKISTANIS.
1:32:57 DESPITE THE PRESIDENCY SAYING IT WILL BE RESOLVED MORE QUICKLY.
1:33:04 CHRISTINA: WE KEPT ASKING WHEN IS THIS COMING
1:33:09 AND WHEN IT COMES TO THIS IS A CEASEFIRE,
1:33:12 WE SEEN EXCHANGE BACK AND FORTH IN THE GULF AND PRESIDENT TRUMP
1:33:14 WAS ASKED ABOUT IT AND SAYS THE TRY TO GET TO THESE NEGOTIATIONS.
1:33:21 DAVID: WE WILL AWAIT FURTHER NEWS ON THIS FROM THE IRANIANS.
1:33:25 AND BRING THOSE TO YOU ON BLOOMBERG TELEVISION AND BLOOMBERG RADIO.
1:33:28 THIS IS BLOOMBERG THIS WEEKEND.
1:33:30 STAY WITH US.
1:33:41 LISA: WELCOME BACK.
1:33:42 AS WE TAKE A MOMENT TO REFLECT ON THE MOMS IN OUR LIVES WE ARE
1:33:46 AWARE OF THE EMOTION OF IT
1:33:48 AND THE FINANCIAL INVESTMENT PARENTS PUT INTO THEIR CHILDREN.
1:33:52 IT'S A TOPIC OF THE BLOOMBERG WEEKEND ESSAY AS WELL AS THE BOOK OVER INVESTED:
1:33:56 THE EMOTIONAL ECONOMY OF MODERN PARENTING.
1:33:58 JOINING US IS NINA BLONDELL, SHE IS THE AUTHOR AND JOINS ME NOW.
1:34:04 THANK YOU AND A PLEASURE SPEAKING WITH YOU TODAY.
1:34:07 THIS ARTICLE ITSELF LET'S START THERE.
1:34:09 IT'S ABOUT HOW PARENTING IS CHANGING IN THE 21ST CENTURY.
1:34:13 THERE'S A LOT OF THINGS PARENTS ARE GOING THROUGH.
1:34:16 THE MONEY AND THE TIME AND INVESTMENT INTO OUR CHILDREN.
1:34:19 THE BIG QUESTION IS ALWAYS ON OUR MINDS, ARE WE DOING ENOUGH.
1:34:27 MY QUESTION TO YOU IS IS ENOUGH EXACTLY.
1:34:30 WHAT IS ENOUGH, WHAT ARE WE LOOKING FOR.
1:34:31 WHAT IS ENOUGH EXACTLY?
1:34:37 NINA: THANK YOU FOR ASKING THIS QUESTION BECAUSE LOTS
1:34:42 OF PARENTS ARE SO CONCERNED AND SO EXHAUSTED THESE DAYS.
1:34:47 BECAUSE WE INVEST EMOTIONALLY AND FINANCIALLY AND WE
1:34:49 WANT TO DO THE BEST FOR OUR CHILDREN.
1:34:54 I THINK PARTLY CONTINUOUSLY ASKING THIS QUESTION IS VERY
1:35:00 IMPORTANT IT CREATES THIS LOW-GRADE THREAD IN OUR GUT
1:35:02 THAT WE THINK WE NEED TO LISTEN TO ALL THE TIME AND IT'S HARD TO QUIET IT.
1:35:07 SO I WOULD SAY IT IS IMPORTANT TO KNOW
1:35:11 THAT SOCIAL FORCES INFLUENCE HOW WE BEHAVE AS PARENTS.
1:35:15 HOW WE FEEL AS PARENTS AND THESE DAYS THIS EXHAUSTION LISTENING
1:35:19 TO ALL OF THE ADVICE IS MAKING US REALLY TIRED AND DRAINED.
1:35:24 LISA: I HAVE TO ADMIT PERSONALLY I'VE INVESTED
1:35:28 A LOT IN BOTH MY KIDS WHO ARE ATHLETES.
1:35:32 SO THE PRIVATE LESSONS, THE HOTEL STAYS, THE CAR RENTALS, THE BEST EQUIPMENT.
1:35:33 YOU NAME IT WE'VE INVESTED IN IT.
1:35:40 SOMETHING YOU SAY WE'VE SEEN— YOU SAID KIDS
1:35:42 ARE VIEWED THROUGH THE LENS OF HUMAN CAPITAL.
1:35:45 WHAT EXACTLY DO YOU MEAN BY THAT.
1:35:49 NINA: THIS INVESTMENT YOU JUST POINTED
1:35:51 TO IN EXTRACURRICULAR ACTIVITIES AND SPORTS
1:35:53 AND SKILLS THAT KIDS CAN DEVELOP IN ADDITION TO GOING TO SCHOOL.
1:36:01 THOSE ARE THE CAPABILITIES AND SKILLS OVERALL BUT WE CALL HOME CAPITAL.
1:36:05 ECONOMISTS ARE PROPOSED IF WE INVEST IN HUMAN CAPITAL OF CHILDREN,
1:36:12 THEN CHILDREN COULD REAP RETURNS ON THIS INVESTMENT IN THEIR ADULTHOOD.
1:36:19 SO NOT ONLY DO WE DO THIS WITH KIDS TO SCHOOL OR EVEN HIGHER EDUCATION.
1:36:23 BUT PARENTS SHOULD BE CONCERNED ABOUT THIS EARLIER
1:36:31 AND EARLIER POTENTIALLY EVEN IN THE WOMB.
1:36:35 BY WORRYING A LOT ABOUT WHAT WE DO WHEN YOU PREGNANT SAYS MOMS.
1:36:40 LET'S TALK ABOUT THIS PARENTAL SHIFT IN REASONING AND THOUGHT.
1:36:45 THIS QUOTE WE HAVE IN THE ARTICLE.
1:36:47 SAYING A CENTURY AGO CHILDREN LABOR FOR FAMILIES.
1:36:50 TODAY PARENTS LABOR FOR THEIR CHILDREN NOT JUST FINANCIALLY,
1:36:53 WE TOIL AT PARENTING.
1:36:56 WHAT IS DRIVING THIS SHIFT?
1:37:00 NINA: A MILLION DOLLAR QUESTION IF I MAY AND IT TOOK ME 10
1:37:05 YEARS TO WRITE THIS BOOK AND RESEARCH
1:37:06 THIS PHENOMENON OVER THE COURSE OF DECADES.
1:37:11 TO BE VERY BRIEF, AT THE TURN OF THE 20TH
1:37:15 CENTURY WE SAW A TRANSFORMATION WITH CHILDREN WHO WERE WORKING,
1:37:18 CONTRIBUTING TO THE FAMILY ECONOMICALLY.
1:37:20 AND EVEN IN THE FACTORIES AND THE FARM.
1:37:25 OF COURSE CHILDHOOD SHORES IN THE HOME
1:37:31 AND THEN THEY BECAME EMOTIONALLY PRICELESS.
1:37:35 MOSTLY SEEN AS VULNERABLE AND WE WOULD START INVESTING INTO THEIR EDUCATION
1:37:39 AND THIS NEW PERIOD IS WHEN WE
1:37:41 AS PARENTS THINK OF CHILDREN AS INVESTMENT PROJECTS.
1:37:46 WE BRING THE LOGIC FROM THE WORKPLACE INTO THE HOME.
1:37:49 WE THINK ABOUT ALL THE THINGS WE NEED TO DO
1:37:54 TO TOILET PARENTING IN THE BOOK AND TRY TO THINK
1:37:59 ABOUT WHAT IS NEEDED FROM US SO THAT CHILDREN
1:38:02 CAN BE SET UP AS WELL AS POSSIBLE FOR SUCCESS.
1:38:05 NINA: IT SEEMS THAT MOMS ARE TAKING— LISA:
1:38:11 IT SEEMS THAT MOMS ARE TAKING THE BRUNT OF THIS.
1:38:13 WHAT ARE THE CONSEQUENCES TO WHAT YOU CALL CHILD REARING ON STEROIDS.
1:38:17 NINA: TRYING TO BE A LITTLE BIT PROVOCATIVE HERE TO NOTE
1:38:23 THAT THIS IS NOT JUST ONE OF THE CHILD REARING.
1:38:25 THIS DOES NOT HAVE TO BE THE CASE.
1:38:30 WE SEEN DIFFERENCES ACROSS TIME AND IN DIFFERENT
1:38:33 COUNTRIES AND SO BECAUSE IT IS EXHAUSTING US
1:38:36 SO MUCH IT IS TIME TO ASK THE QUESTION WHAT DO WE REALLY OWE OUR CHILDREN?
1:38:42 IS IT THIS EXHAUSTING DRAINING FINANCIALLY AND EMOTIONAL PARENTING,
1:38:48 OR IS IT TIME TO THINK ABOUT HOW MUCH THIS IMPACTS
1:38:51 US AS PARENTS TO THE POINT OF PARENTAL BURNOUT BUT U.S.
1:38:54 FUTURE GENERAL NOTED IN 2024 CALLING IT A PUBLIC
1:38:58 HEALTH CRISIS BUT ALSO THE CONSEQUENCES FOR OUR CHILDREN.
1:39:02 ARE THEY DOING ALL RIGHT WITH THAT OVERINVOLVED PARENTING.
1:39:10 LISA: HOW DO YOU FIND THAT RIGHT BALANCE, WHAT IS THE ANSWER?
1:39:14 NINA: IT'S VERY HARD.
1:39:16 I WILL BE THE FIRST ONE TO ADMIT THAT IT IS SO HARD TO CHANGE.
1:39:22 IT FEELS POSSIBLE TO DO DIFFERENTLY AND I
1:39:25 LIVE IN THE SAME REALITY AS EVERYONE ELSE.
1:39:29 BUT IT IS SOCIAL PRESSURES AND SOCIAL NORMS AND THE STRUCTURES
1:39:33 WE HAVE IN OUR SOCIETY THAT ARE NOT VERY SUPPORTIVE.
1:39:41 THAT INFLUENCE HOW WE ARE IN THIS MODERN
1:39:42 PARENTING REALITY VERY TROUBLED PARENTING REALITY.
1:39:45 SO I SAY TO MYSELF FROM TIME TO TIME NINA,
1:39:52 YOUR CHILD IS NOT AN INVESTMENT PROJECT.
1:39:56 PARENTING IS NOT SUPPOSED TO BE GRUELING LABOR.
1:39:58 IT IS NOT SUPPOSED TO BE SO STRESSFUL.
1:40:00 WHAT CAN WE DO DIFFERENTLY TODAY?
1:40:04 HOW CAN I SEEK OTHER MOMS TO THINK ABOUT THIS TOGETHER?
1:40:08 BECAUSE ONLY AS A SOCIETY WE CAN MAKE TO CHANGE.
1:40:11 LISA: YOU MAKE IT SOUND SO EASY.
1:40:13 THANK YOU SO MUCH.
1:40:14 REALLY APPRECIATE THE TIME.
1:40:16 THE NAME OF THE BOOK IS "OVER INVESTED,
1:40:19 THE EMOTIONAL ECONOMY OF MODERN PARENTING." WE WILL
1:40:23 HAVE MORE "BLOOMBERG THIS WEEKEND" COMING RIGHT UP.
1:40:42 WELCOME TO "BLOOMBERG THIS WEEKEND" LIVE FROM NEW YORK WITH DAVID PURA,
1:40:45 CHRISTINA RUFFINI, LISA MATEO.
1:40:46 THE LATEST HEADLINES, KEY ANALYSIS, BIG INTERVIEWS,
1:40:52 AND THE STORIES THAT HIT HOME ON YOUR DAYS OFF.
1:41:01 CHRISTINA: WELCOME BACK TO "BLOOMBERG THIS WEEKEND" COMING
1:41:05 TO YOU LIVE FROM BLOOMBERG WORLD HEADQUARTERS IN NEW YORK.
1:41:07 DAVID: IT IS SUNDAY, MAY 10, AND WE WILL START WITH BREAKING NEWS AT THIS HOUR.
1:41:14 IRAN'S NEWS AGENCY REPORTING THE COUNTRY SIMILAR ITS RESPONSE TO THE LATEST U.S.
1:41:18 PROPOSAL THAT WOULD END THE WAR IN IRAN.
1:41:20 WE HAVE BEEN WAITING FOR THIS TODAY, YESTERDAY, FRIDAY.
1:41:23 THE PRESIDENT HAD IMPOSED THIS DEADLINE ON IRAN TO MAKE A RESPONSE.
1:41:27 NOW WE ARE WAITING FOR DETAILS ON WHAT IS IN THE RESPONSE.
1:41:30 CHRISTINA: THIS IS NOT ABOUT NUCLEAR NEGOTIATIONS.
1:41:31 THIS IS ABOUT ENDING THE CEASEFIRE.
1:41:34 THAT IS A SEPARATE DISCUSSION.
1:41:36 THERE IS A SEQUENCING ISSUE AS TO WHICH OF THESE GET SETTLED WHEN.
1:41:43 LISA: NO WORD AGAIN ON WHAT THAT DOES ENTAIL, BUT IF YOU REMEMBER,
1:41:53 IRAN'S FOREIGN MINISTRY SAID THEIR VIEWS WOULD
1:41:57 SENT ONE CONCLUSIONS— WHEN CONCLUSIONS WERE COMPLETED.
1:42:07 PRESIDENT TRUMP'S PLAN STIPULATES THE WATERWAYS BUT WE
1:42:09 WILL CONTINUE TO KEEP YOU UPDATED AND LET
1:42:12 YOU KNOW ONCE WE GET MORE DETAILS AS TO WHAT THEIR RESPONSE TO THE PROPOSAL IS.
1:42:19 PASSENGERS CONTINUE TO DISEMBARK THE CRUISE SHIP HIT WITH THE HANTAVIRUS
1:42:23 THAT ARRIVED AT THE CANARY ISLANDS IN THE OVERNIGHT HOURS.
1:42:26 THE WORLD HEALTH ORGANIZATION SAYS ALL 147
1:42:27 CREW MEMBERS AND PASSENGERS ARE SHOWING NO SYMPTOMS.
1:42:30 THREE PEOPLE HAVE DIED.
1:42:32 PASSENGERS ARE BEING TAKEN FROM THE SHIP TO SHORE IN SMALL BOATS
1:42:36 AND LED TO AN AIRPORT WHERE THEY WILL BE SENT TO THEIR HOME COUNTRIES.
1:42:38 THE SHIP WILL THEN SAIL TO THE NETHERLANDS TO BE DISINFECTED.
1:42:42 THIS MORNING, WE HEARD FROM SPAIN'S HEALTH MINISTER.
1:42:49 THIS OPERATION IS GOING AS PLANNED.
1:42:52 AT 9:30 IN THE MORNING, THE SPANISH PASSENGERS HAVE STARTED TO DISEMBARK.
1:42:54 RIGHT NOW, THE PLANE GOING TO MADRID HAS LEFT.
1:43:03 LISA: IN OTHER NEWS, THE BRITISH MILITARY SAYS A CARRIER CAUGHT FIRE AFTER BEING
1:43:08 HIT BY AN UNKNOWN PROJECTILE OFF THE COAST OF QATAR.
1:43:11 THE FIRE WAS EXTINGUISHED AND THERE WERE NO FATALITIES.
1:43:15 THAT IS WORKING THE COUNTRY'S FIRST EXPORT OUT
1:43:21 OF THE REGION SINCE THE IRAN WAR BEGAN.
1:43:25 THE TANKER EXITED THE STRAIT AND IS ON THE WAY TO THE GULF OF OMAN.
1:43:27 NEW AUDIO RELEASED OF A FRONTIER AIRLINES PILOT SPEAKING WITH AIR TRAFFIC
1:43:34 CONTROL MOMENT AFTER THE PLANE STRUCK AND KILLED A PEDESTRIAN ON THE RUNWAY.
1:43:40 WE ARE STOPPING ON THE RUNWAY.
1:43:42 WE JUST HIT SOMEBODY.
1:43:44 WE HAVE AN ENGINE FIRE.
1:43:47 I SEE THAT.
1:43:48 LISA: THE FAA SAID THE PEDESTRIAN WHO WAS NOT BELIEVED TO BE
1:43:53 AN EMPLOYEE JUMPED OVER THE PERIMETER FENCE AND WAS KILLED TWO MINUTES LATER.
1:43:57 THAT PERSON WAS AT LEAST REPORTED THE CONSUMED BY ONE OF THOSE ENGINES.
1:44:01 THE PLANE WAS CARRYING 224 PASSENGERS,
1:44:03 SEVEN CREW MEMBERS WERE EVACUATED AFTER AN ENGINE
1:44:05 CAUGHT FIRE AND SMOKE FILLED THE CABIN.
1:44:11 THAT INCIDENT MARKED THE THIRD MAJOR COMMERCIAL AVIATION INCIDENT ON U.S.
1:44:14 SOIL IN 15 MONTHS.
1:44:15 OVER TO YOU.
1:44:16 DAVID: THANK YOU FOR THE UPDATE.
1:44:18 GOING BACK TO WHAT YOU MENTIONED AT THE TOP,
1:44:21 THE BREAKING NEWS THAT IRANIAN STATE MEDIA REPORTED.
1:44:23 MEDIATORS HAVE SUBMITTED THE RESPONSE TO END THE WAR VIA PAKISTAN.
1:44:28 CHRISTINA: THIS COMES 10 WEEKS INTO THE CONFLICT AND FRANKLY OUR SHOW,
1:44:31 WHICH LAUNCHED THE SAME WEEKEND AS THE ATTACKS.
1:44:35 WE ARE STILL WAITING ON MORE DETAILS ON WHAT EXACTLY IS IN THE IRAN RESPONSE.
1:44:42 JOINING US NOW IS JEFF MASON, WHO IS ON WHITE HOUSE DUTY THIS WEEKEND.
1:44:43 ARE WE HEARING ANYTHING FROM THE WHITE HOUSE YET?
1:44:46 WERE WE EXPECTING THIS TODAY OR JUST WAITING TO SEE
1:44:50 WHEN THIS POPPED INTO OUR INBOXES AND FLASH ACROSS THE TERMINAL?
1:44:56 IT IS A WAIT-AND-SEE SITUATION.
1:44:59 I HAVE ASKED FOR THE WHITE HOUSE FOR A REACTION
1:45:00 OR RESPONSE AND HAVE NOT HEARD BACK FROM THEM YET.
1:45:04 I IMAGINE THE WHITE HOUSE AND U.S.
1:45:05 ADMINISTRATION PROBABLY IS STILL DIGESTING THIS RESPONSE.
1:45:07 IN TERMS OF WHEN WE EXPECTED IT, THE PRESIDENT TOLD REPORTERS ON FRIDAY HE
1:45:12 WAS EXPECTING TO HAVE THAT RESPONSE THAT NIGHT.
1:45:15 SO THEY HAVE BEEN WAITING ALL WEEKEND FOR IT TO COME IN.
1:45:19 NOW IT IS IN AND WHAT WE WILL BE WANTING TO BE ASKING AND SEEING IS WHETHER
1:45:23 OR NOT IT IS ACCEPTABLE TO PRESIDENT TRUMP WHAT
1:45:26 THEY HAVE RESPONDED TO AND WHETHER THE CONDITIONS ARE
1:45:30 ENOUGH THAT THE CEASEFIRE WILL CONTINUE SO THEY
1:45:33 CAN MOVE ON TO TALKS ABOUT THE NUCLEAR PROGRAM
1:45:36 IN IRAN THE PRESIDENT TRUMP SAID WAS THE ACTUAL
1:45:37 REASON FOR GETTING INTO THIS WAR IN THE FIRST PLACE.
1:45:39 DAVID: WE TALK ABOUT THE CEASEFIRE AND IT IS
1:45:43 A FUNNY CEASEFIRE BECAUSE WE SEE ATTACKS KEEP COMING.
1:45:48 WE SAW DRONE ATTACKS ON TAKERS
1:45:50 IN THE STRAIT OF HORMUZ AND SOME RETALIATIONS HERE.
1:45:53 THE PRESIDENT IS ADAMANT ABOUT WE HAVE A CEASEFIRE IN PLACE.
1:45:59 IT IS A FUNNY ONE IN THAT THERE SEEMS TO BE
1:46:01 A LOT OF ATTACKS IN THE REGION WHILE THIS IS TAKING PLACE.
1:46:03 JEFF: YEAH, I COULD NOT SAY IT BETTER,
1:46:08 DAVID IT IS A WAR AND MESSAGING OF CONTRADICTION
1:46:12 AND THAT HAS BEEN CHARACTERISTIC OF HOW THE PRESIDENT AND THE U.S.
1:46:15 HAS TALKED ABOUT OR ENGAGED IN THIS WAR FROM THE VERY BEGINNING,
1:46:17 FROM CONFUSION OVER WHAT THE ACTUAL AIM FOR IT TO THE STATUS
1:46:23 OF THE CEASEFIRE TO WHAT IS ACCEPTABLE NOW DURING A CEASEFIRE.
1:46:28 I THINK THE PRESIDENT HAS WANTED TO PORTRAY THIS CEASEFIRE AS NOT BEING
1:46:33 THREATENED BECAUSE HE WANTS IT TO CONTINUE AND WANTS THERE TO BE A DEAL.
1:46:36 AND I MIGHT ADD HE WANTS THERE NOT TO BE MAJOR HOSTILITIES GOING
1:46:40 INTO HIS TRIP NEXT WEEK OR THIS WEEK NOW I SHOULD SAY ON TUESDAY TO CHINA.
1:46:46 IRAN OF COURSE WILL BE ONE OF THE BIG
1:46:49 TOPICS ON THE SUMMIT BETWEEN PRESIDENT TRUMP AND PRESIDENT XI.
1:46:53 IT IS NOT THE BACKDROP HE WANTS TO HAVE CONTINUED FIGHTING THERE,
1:46:57 EVEN IF THEY HAVE NOT AGREED ON A FULL ON PEACE DEAL YET.
1:46:59 CHRISTINA: SPEAKING OF THAT, THERE IS ALSO
1:47:04 THIS SEQUENCING ISSUE WHERE IF THE U.S.
1:47:06 AGREES TO THE CEASEFIRE AND REOPENING OF THE STRAIT, THE U.S.
1:47:11 WOULD LOSE A LOT OF THEIR LEVERAGE GOING INTO NUCLEAR NEGOTIATIONS,
1:47:15 WHICH ARE SUPPOSED TO TAKE PLACE POSSIBLY AFTER THIS IS SETTLED.
1:47:19 HAS ANY OF THAT BEEN RESOLVED?
1:47:23 WHAT ARE THE TWO BIG STICKING POINTS THAT STILL
1:47:24 EXIST BETWEEN THESE TWO PROPOSALS AND THE TWO NATIONS?
1:47:27 JEFF: NOTHING HAS BEEN RESOLVED THAT I CAN TELL ANYWAY.
1:47:30 THEY HAVE NOT ANNOUNCED ANY PROGRESS YET
1:47:31 OTHER THAN THE FACT THAT THEY ARE TALKING, AND THAT IS SOMETHING.
1:47:35 TALKING THROUGH THE PAKISTANI MEDIATORS OF COURSE.
1:47:40 BUT YOU ARE SPOT ON TO MENTION THAT IN TERMS OF THE STRAIT OF HORMUZ,
1:47:43 AND THAT IS ANOTHER BROADER CONSEQUENCE OF THIS WAR IN GENERAL.
1:47:46 IRAN HAS ENDED UP FLEXING ITS MUSCLES AND LEVERAGE
1:47:51 WITH THE STRAIT IN A WAY AND NEVER HAD BEFORE THIS WAR.
1:47:54 THAT WILL BE A REALLY INTERESTING THING TO SEE
1:47:56 HOW THE TWO SIDES WORK THAT OUT GOING FORWARD.
1:47:58 I THINK THE U.S.
1:48:00 WOULD LIKE TO SEE IRAN NOT INVOLVED AT ALL
1:48:04 IN GOVERNING HOW SHIPS GET THROUGH THE STRAIT OF HORMUZ.
1:48:08 IRAN HAS REALIZED THAT IS A HUGE PIECE OF LEVERAGE THAT IT
1:48:11 HAS AND SEEMS UNLIKELY TO JUST THROW THAT AWAY OR GIVE THAT UP.
1:48:14 BUT IN TERMS OF SEQUENCING AS YOU SAID, THAT IS THE FIRST QUESTION.
1:48:21 GETTING THAT FIXED SO IRAN CAN START GETTING MORE MONEY BACK INTO ITS
1:48:26 ECONOMY AND SO THE GLOBAL ECONOMY IS NOT HAMSTRUNG BY THE STRAIT BEING BLOCKED.
1:48:31 CHRISTINA: I THINK A LOT OF REGIONAL ALLIES,
1:48:33 THE GULF NATIONS HAVE THE SAME CONCERN.
1:48:35 THANKS FOR BREAKING DOWN THE BREAKING NEWS.
1:48:42 DAVID: WE WILL BRING ANOTHER VOICE NOW
1:48:45 FROM THE SECOND CONGRESSIONAL DISTRICT IN MARYLAND,
1:48:47 BALTIMORE CITY, BALTIMORE COUNTY, CARROLL COUNTY AS WELL I BELIEVE.
1:48:51 THANK YOU FOR BEING HERE.
1:48:53 YOU SIT ON THE FOREIGN AFFAIRS COMMITTEE AND I WANT TO START
1:48:56 WITH THE NEWS THAT WE HAVE REPORTING THAT RESPONDS TO THE U.S.
1:48:58 PROPOSAL HAS BEEN CONVEYED VIA THE PAKISTANIS TO THE U.S..
1:49:03 YOUR REACTION TO THAT, AND WHAT DO YOU NEED TO SEE IN THE RESPONSE
1:49:06 TO FEEL BETTER ABOUT THE PROSPECT OF THIS CONFLICT COMING TO AN END?
1:49:11 SOME GREAT REPORTING AND LIKE EVERYONE ELSE,
1:49:13 I AWAITING TO SEE WHAT THE DETAILS ARE, BUT WE HAVE TO TAKE A STEP BACK
1:49:17 AND REMEMBER WE ARE WAITING FOR AGREEMENT ON A CEASEFIRE
1:49:21 THAT IS ONLY NECESSARY BECAUSE OF A PROBLEM
1:49:23 THAT PRESIDENT TRUMP CREATED IN THE FIRST PLACE.
1:49:26 IRANIANS WOULD NOT KNOW THEY HAD THIS POTENTIALLY POWERFUL TOOL
1:49:29 IN CLOSING THE STRAIT OF HORMUZ BUT FOR OUR ATTACK SO
1:49:34 THIS IS JUST ONE STEP IN A MUCH LARGER CONVERSATION
1:49:39 ABOUT THE VERY REAL CONCERN ABOUT HAVING A NUCLEAR ARMED IRAN,
1:49:42 BUT WE AREN'T REALLY IN A PLACE NOW WHERE THE PRESIDENT IS LOOKING TO SAVE FACE.
1:49:48 IT IS A WAR THAT WE KNOW NOW THERE WAS NOT A CLEAR IMMINENT THREAT,
1:49:50 BUT AS HAS BEEN TRUE THROUGHOUT THIS WAR,
1:49:53 AS A MEMBER OF THE FOREIGN AFFAIRS COMMITTEE,
1:49:55 I HAVE GOTTEN ZERO UP-TO-DATE REAL-TIME INFORMATION FROM THIS ADMINISTRATION.
1:49:59 THERE HAVE BEEN NO PUBLIC HEARINGS,
1:50:01 CITIZEN LITTLE BIT LIKE POKING IN THE DARK TO TRY TO FIGURE
1:50:05 OUT WHERE WE ARE AND WHERE THIS ADMINISTRATION HOPES TO LAND ULTIMATELY.
1:50:08 CHRISTINA: ARE YOU CONCERNED ABOUT THE LACK OF WHAT YOU JUST TALKED ABOUT,
1:50:14 CONSULTATION WITH CONGRESS,
1:50:15 AS WELL AS SOME THING PEOPLE KEEP TALKING ABOUT WITH US,
1:50:19 THE LACK OF TECHNICAL EXPERTS GOING INTO THESE NEGOTIATIONS?
1:50:26 WHEN THEY GO SHE DID THE ORIGINAL— WHEN THEY NEGOTIATED THE ORIGINAL DEAL,
1:50:30 THAT WAS IN GENEVA WITH MULTILATERAL PARTNERS, PEOPLE FROM IAEA.
1:50:35 THE STATE DEPARTMENT AS WE CAN TELL HAS LARGELY BEEN CUT OUT
1:50:39 OF THESE NEGOTIATIONS AND THE PRESIDENT SEEMS TO BE MAKING THESE DECISIONS.
1:50:42 ARE YOU CONFIDENT THEY HAVE THE KNOWLEDGE THEY NEED TO GO INTO THESE ROOMS
1:50:44 AND COME OUT WITH A DEAL THAT IS ADVANTAGEOUS TO THE UNITED STATES?
1:50:48 REP.
1:50:49 OLSZEWSKI: UNFORTUNATELY, I AM NOT CONFIDENT.
1:50:51 WHAT I DO KNOW FROM SITTING ON THE FOREIGN AFFAIRS
1:50:55 COMMITTEE IS EVEN IF THE STATE DEPARTMENT WERE AT THE TABLE,
1:50:56 THAT DEPARTMENT HAS BEEN ABSOLUTELY GUTTED.
1:50:58 SO A LOT OF THE SUPPORT INFRASTRUCTURE THAT SHOULD BE
1:51:04 IN PLACE DOES NOT EXIST AND THE FACT THAT THIS PRESIDENT ALSO
1:51:05 ON TOP OF THAT LIKES TO GO IT ALONE SO MUCH
1:51:09 IS REALLY PROBLEMATIC FOR I THINK FINDING THOSE KINDS OF SUSTAINABLE DEALS.
1:51:12 WHAT WORRIES ME IN ALL OF THIS IS WE WILL END UP
1:51:19 WITH A DEAL THAT IS EQUAL TO OR MAYBE EVEN WORSE THAN THE JCPOA,
1:51:23 WHICH WAS IMPERFECT BY THE WAY.
1:51:25 THERE WERE OPPORTUNITIES FOR IMPROVEMENT,
1:51:28 BUT PRESIDENT TRUMP CREATED THIS ENVIRONMENT IN THE FIRST
1:51:30 PLACE BY RIPPING UP THE ORIGINAL AGREEMENT, ALLOWING IRAN TO REALLY GO
1:51:36 AT THEIR ENRICHMENT PROGRAM WITH GREAT VIGOR FOLLOWING
1:51:40 RIPPING UP THAT DEAL THAT AS YOU MENTIONED WAS VERY INVOLVED AND VERY DETAILED.
1:51:43 NOW WE ARE BACK IN A PLACE WHERE IF WE CAN GET
1:51:49 THROUGH A CEASEFIRE AGREEMENT AND IF WE CAN GET BACK TO THE TABLE,
1:51:52 I AM HOPEFUL WE CAN GET BACK TO A PLACE WHERE THERE IS NOT ENRICHMENT HAPPENING.
1:51:55 BUT WE HAVE A LONG WAY TO GO.
1:51:58 IN THE MEANTIME, THERE HAS BEEN AN INCREDIBLE AMOUNT OF PAIN
1:52:02 INFLICTED UPON NOT JUST AMERICANS IN TERMS OF SERVICE MEMBERS LIVES LOST,
1:52:06 HUNDREDS IF NOT AT LEAST TENS OF MILLIONS OF DOLLARS SPENT,
1:52:09 PAYING AT THE PUMP FOR AMERICANS AND FRANKLY ACROSS THE GLOBE.
1:52:14 SO WHAT WE ARE ASKING HERE, TO WHAT END?
1:52:17 I THINK THE PRESIDENT CANNOT ANSWER THAT QUESTION.
1:52:21 LET'S TALK ABOUT WHAT THIS HAS TO BEAR ON U.S.
1:52:26 POLITICS.
1:52:26 THE ENERGY SECRETARY IS ON "MEET THE PRESS AND SAID THE U.S.
1:52:28 WILL NOT TAKE ANY OPTIONS OFF THE TABLE WHEN IT COMES TO IRAN.
1:52:34 GASOLINE AND DIESEL PRICES WILL REMAIN UP WHILE THIS WAR CONTINUES.
1:52:40 I AM CURIOUS HOW YOU SEE THAT PRESSURE MOUNTING AS YOU
1:52:42 TALK TO CONSTITUENTS AND MAKE YOUR WAY AROUND THE DISTRICT.
1:52:45 YOU HAVE NOT BEEN BRIEFED FORMALLY BY THIS ADMINISTRATION.
1:52:48 WE SAW THE SECRETARY OF DEFENSE SPEAK TO THE ARMED SERVICES COMMITTEE.
1:52:52 THERE IS SOME SPECULATION WE ARE REACHING A GREATER
1:52:55 APPETITE FOR WAR POWERS RESOLUTION ON CAPITOL HILL.
1:52:57 WHAT IS GOING TO CHANGE THE CONVERSATION OR POLITICAL TERRAIN?
1:53:03 WILL IT BE GAS PRICES, DIESEL PRICES CONTINUING TO RISE AT PACE,
1:53:07 OR WILL IT BE THE LONGER THIS LAST WITHOUT INDICATION
1:53:10 OF WHERE THE DIRECTION OF THIS WORK IS HEADED WILL
1:53:13 FINALLY GET YOU AND YOUR COLLEAGUES TO TRY TO DO
1:53:15 MORE TO GET ADMINISTRATION OFFICIALS TO CAPITOL HILL FOR ANSWERS?
1:53:18 REP.
1:53:18 OLSZEWSKI: I WILL START WITH THE WAR POWERS RESOLUTION.
1:53:20 THIS IS BEYOND THE 60 DAYS AND FLEXIBILITY
1:53:26 MY COLLEAGUES ON THE REPUBLICAN SIDE SAID THE PRESIDENT DESERVES.
1:53:31 IF THE PRESIDENT WANTS TO CONTINUE MILITARY OPERATIONS,
1:53:33 HE HAS TO HAVE AUTHORIZATION FROM CONGRESS AT THIS POINT.
1:53:36 I THINK THE LAW IS CLEAR ON THAT POINT.
1:53:38 CHRISTINA: I WANT TO INTERRUPT YOU REAL QUICKLY.
1:53:40 DO YOU THINK THAT WOULD CONCERN THIS PARTICULAR PRESIDENT?
1:53:45 DO YOU THINK ANYTHING CONGRESS PASSES,
1:53:48 EVEN IF IT WOULD PASS A WORDPRESS RESOLUTION, DO YOU THINK THAT WOULD STOP HIM?
1:53:53 REP.
1:53:54 OLSZEWSKI: THAT IS NOT A REASON FOR CONGRESS NOT TO TRY TO STOP HIM.
1:53:58 THE PRESIDENT BLOWS PAST WAR POWERS RESTRICTIONS,
1:53:59 WE HAVE TO UP OUR GAME AS MEMBERS OF CONGRESS TO HOLD THIS PRESIDENT,.
1:54:04 THIS IS A PRESIDENT THAT HAS CONSISTENTLY SHOWN DISDAIN FOR ANY SORT OF CHECK.
1:54:10 UNFORTUNATELY, MY REPUBLICAN COLLEAGUES HAVE LARGELY
1:54:12 DEFERRED TO THE PRESIDENT ON THOSE ISSUES,
1:54:15 AND I HOPE THAT GIVEN THE CONSEQUENCE AND GIVEN THE IMPACT,
1:54:19 TO THE OTHER POINT, I THINK THE COST AT THE PUMP,
1:54:23 AND IT IS NOT JUST AT THE PUMP,
1:54:26 WE ARE SEEING IT AT AIRLINE TICKETS, SURCHARGES THROUGH PLACES LIKE AMAZON,
1:54:30 WHAT IS HAPPENING WITH FOOD PRICES,
1:54:33 THIS IS HAVING IMPACT ACROSS THE LIVES OF ALL AMERICANS.
1:54:38 WHAT IS HAPPENING IS IN PARTICULAR
1:54:40 MY REPUBLICAN COLLEAGUES IN CONGRESS ARE SEEING
1:54:41 THIS IS GOING TO BE A REAL DRAG ON THEIR ELECTION PROSPECTS IN NOVEMBER,
1:54:47 AND I THINK THIS IS REALLY GOING TO FUEL
1:54:49 A DEMOCRATIC MAJORITY IN THE HOUSE OF REPRESENTATIVES.
1:54:51 I THINK WE WILL SEE ANY CLOSING IF NOT A DEMOCRATIC TAKEOVER OF THE SENATE.
1:54:57 I THINK THESE ISSUES ARE REAL.
1:54:58 PEOPLE ARE HURTING AS I TALKED TO MY CONSTITUENTS.
1:55:01 I THINK IT IS INTERESTING TO NOTE THAT USUALLY WHEN ONE
1:55:07 OF THE SECRETARIES WHERE THE PRESIDENT
1:55:08 HIMSELF— THESE ARE MILLIONAIRES AND BILLIONAIRES
1:55:13 WHO ARE MEMBERS OF THIS THAT’S NOT ACCEPTABLE TO PEOPLE TRYING
1:55:16 TO PUT A ROOF OVER THEIR HEAD AND FOOD ON THE TABLE.
1:55:18 DAVID: LET’S MOVE TO THE SUMMIT THAT WILL TAKE
1:55:22 PLACE IN BEIJING BETWEEN THE PRESIDENT AND PRESIDENT XI.
1:55:25 WE HAD YOUR COLLEAGUE ON THE SHOW YESTERDAY AND WE ASKED HIM WHAT HE
1:55:28 IS LOOKING FOR AS AN OUTCOME FROM THAT MEETING BETWEEN THOSE TWO WORLD LEADERS.
1:55:36 LISTEN TO WHAT HE HAD TO SAY AND REPLY.
1:55:41 LISA: MAYBE?
1:55:42 DAVID: WE MAY NOT HAVE IT.
1:55:46 HE HAS TO REVERSE AND WE HAVE HAD
1:55:49 CHINA HOLD US HOSTAGE ON RARERS AND CRITICAL MINERALS.
1:55:52 I WANT A DEAL THAT HELPS AMERICAN FARMERS, AMERICAN SHIPBUILDERS,
1:55:56 AMERICAN MANUFACTURERS, AND I HOPE HE WILL WORK TO GET THAT.
1:55:59 HE HASN’T SO FAR.
1:56:01 DAVID: APOLOGIES FOR THAT DELAY.
1:56:03 LOOKING FOR AN ECONOMIC RESOLUTION TO COME OUT OF THE MEETING.
1:56:05 WHAT WOULD YOU LIKE THE TWO LEADERS TO ANNOUNCE AT THE END OF THE MEETINGS?
1:56:10 REP.
1:56:10 OLSZEWSKI: THAT’S PART OF IT.
1:56:11 THIS IS A PRESIDENT WHO HAS BEEN SOFT ON CHINA.
1:56:13 THE ONE PLACE WHERE HE HAS BEEN HARD IS ON TARIFFS,
1:56:16 AND THAT HAS NEGATIVE IMPACTS FOR EVERYONE.
1:56:18 NO ONE WINS IN A TRADE WAR.
1:56:21 BUT WHAT WE DO KNOW IS THAT THIS PRESIDENT HAS BEEN SOFT IN TERMS OF ADVANCED
1:56:26 CHIPS AND SELLING OF THOSE AND THAT REALLY
1:56:29 IS I THINK PUTTING OUR NATIONAL SECURITY AT RISK.
1:56:33 YOU SEE A TON OF PIECES OF LEGISLATION
1:56:35 AROUND EXPORT CONTROLS IN THE FOREIGN AFFAIRS COMMITTEE.
1:56:36 IT SPEAKS TO THIS CONCERN OF THE WAY
1:56:39 THIS ADMINISTRATION IS ACTING AND IN GENERAL ON THE ISSUE.
1:56:45 SO YES IN ADDITION TO WHAT REPRESENTATIVE KHANNA HAD SAID I WANT
1:56:48 TO SEE OUR PRESIDENT TAKE A HARDER STAND ON THESE EXPORT CONTROLS,
1:56:51 ADVANCED CHIPS AND LOOKING MORE IN THE AMERICAN INTERESTS.
1:56:54 I AM ALSO LOOKING TO MAKING SURE THAT THIS PRESIDENT— THAT PRESIDENT TRUMP
1:56:59 TAKES A MUCH MORE AFFIRMATIVE STANCE
1:57:01 IN SUPPORT OF OUR FRIENDS AND PARTNER, TAIWAN.
1:57:05 I KNOW THAT I SWRUSSED— INTRODUCED BIPARTISAN LEGISLATION,
1:57:11 WITH REPRESENTATIVE KIM, THAT WOULD HAVE THE UNITED STATES DO
1:57:14 A SURVEY OF POTENTIAL RESPONSES IF THERE WERE
1:57:16 TO EVER BE AN INVASION OF TAIWAN BY CHINA AND SO I AM HOPING THAT THE PRESIDENT
1:57:21 NOT ONLY STEP UP FOR AMERICAN FARMERS
1:57:23 AND AMERICAN INTERESTS FROM A NATIONAL SECURITY PERSPECTIVE
1:57:27 BUT ALSO TO BE A MUCH MORE
1:57:30 ARDENT SUPPORTER OF TAIWAN’S INTEREST IN THESE MEETINGSMENT.
1:57:34 DAVID: JOHNNY OLSZEWSKI JOINING US.
1:57:36 I FEEL A LEVEL OF FAMILIARITY HERE OVER THE COURSE OF THIS INTERVIEW.
1:57:38 PEOPLE CALL YOU THAT, I AM NOT MAKING THAT UP.
1:57:41 REP.
1:57:42 OLSZEWSKI: THAT’S RIGHT.
1:57:43 DAVID: FORMER SCHOOLTEACHER.
1:57:45 I HAVE READ THE BIO.
1:57:48 LISA: THANK YOU FOR PUTTING UP WITH US THIS MORNING.
1:57:52 NEW POLLING IS GIVING US A LOOK HOW VOTERS FEEL AHEAD OF THE MIDTERMS.
1:57:55 DAVID: A NEW POLL FOUND 37% OF AMERICANS APPROVE
1:58:00 OF THE PRESIDENT’S JOB PERFORMANCE COMPARED TO 59% WHO DISAPPROVE.
1:58:04 PUT THOSE NEW NUMBERS TO THE CHAIRMAN OF THE REPUBLICAN NATIONAL COMMITTEE.
1:58:07 I THINK THE PRESIDENT IS DOING A GREAT JOB AND I THINK THE VOTERS WILL
1:58:11 RESPOND IN NOVEMBER FAVOR WHREE AND— FAVORABLY
1:58:14 AND I DON’T ALWAYS BELIEVE THE POS— POLLS.
1:58:18 IF I DID, THE PRESIDENT WOULDN’T BE ENJOYING THE TIME IN THE WHITE HOUSE NOW.
1:58:23 DAVID: LOOKING AT THE NUMBERS, MORE REPUBLICANS,
1:58:24 18% DISAPPROVE OF PRESIDENT TRUMP’S OVERALL JOB PERFORMANCE THAN IN MARCH.
1:58:28 AGAIN, GOING THROUGH THIS DATA YOU CAN SEE
1:58:31 THAT DRIFT UPWARD IN A NUMBER OF THESE CATEGORIES.
1:58:34 ISN’T IS IT ALWAYS WORRISOME TO YOU?
1:58:36 IS IT INCUMBENT ON PRESIDENT TRUMP TO BRING THE NUMBERS BACK DOWN?
1:58:38 NO.
1:58:38 ONE OF THE NUMBERS I LOOK AT IN POLLING IS
1:58:41 WE ARE DOING BETTER WHEN IT COMES TO GENERIC CONGRESSIONAL CANDIDATES,
1:58:45 AND LISTEN, WE HAVE A PLAN IN PLACE.
1:58:47 WE HAVE THE RIGHT CANDIDATES.
1:58:48 WE HAVE THE FINANCIAL SUPERIORITY.
1:58:49 WE HAVE THE PRESIDENT IS WILLING TO GO OUT THERE AND BARNSTORM THE COUNTRY
1:58:54 AND WE ARE GOING TO WIN
1:58:55 BY EMBRACING THE PRESIDENT AND, EMBRACING THIS ADMINISTRATION,
1:58:58 AND MAKING SURE THEIR CANDIDATES ARE IN LOCK
1:59:01 STWEP THE MISSION HE IS TRYING TO PUT FORWARD.
1:59:05 LISA: YOU ARE TELLING YOUR CANDIDATES NOT TO RUN
1:59:08 AWAY BUT TO RUN TOWARDS HIM EVEN AT A TIME
1:59:11 WHEN THE NUMBERS ARE NOT NECESSARILY REFLECTIVE OF AN AMERICAN
1:59:15 PUBLIC THAT’S FULLY HYPED ALL— BEHIND ALL THIS PRESIDENT’S POLICIES.
1:59:19 THIS PRESIDENT HAS BEEN GOING TO BAT FOR THE AMERICAN WORKER SINCE DAY ONE.
1:59:24 LIKE AT THE BEAUTIFUL BILL, NO TAX ON OVERTIME AND TIPS.
1:59:29 PEOPLE HAVE EXPERIENCED SOME TYPE OF BENEFIT.
1:59:31 I THINK OVERALL EVERYTHING THAT THE PRESIDENT IS
1:59:34 DOING TO HELP PEOPLE TRY TO GO OUT THERE
1:59:36 AND ACHIEVE THE AMERICAN DREAM I THINK IT WILL
1:59:38 RESONATE WITH THE AMERICAN PEOPLE AND THAT’S WHY YES,
1:59:41 100%, OUR CANDIDATES NEED TO EMBRACE THE PRESIDENT,
1:59:43 EMBRACE HIS AGENDA AND IF THEY DO
1:59:45 THAT, WE WILL BE SUCCESSFUL IN NOVEMBER FOR SURE.
1:59:49 LISA: TRADITIONALLY THE ECONOMY IS ONE
1:59:50 PLACE WHERE REPUBLICANS HAVE DONE REALLY WELL.
1:59:52 BUT THE NUMBERS HERE ARE NOT QUITE AS STRONG.
1:59:55 61% DISAPPROVE OF HOW THE PRESIDENT IS HANDLING THE ECONOMY.
1:59:59 THAT’S UP SLIGHTLY.
2:00:00 58% IN MARCH.
2:00:01 AMONG REPUBLICANS IT’S 23%.
2:00:03 THAT’S UP FROM 17% IN MARCH.
2:00:05 I AM WONDERING IF YOU THINK THE PRESIDENT IS FOCUSING ENOUGH ON THE ECONOMY,
2:00:09 ESPECIALLY AHEAD OF AN ELECTION WHERE THIS IS WHAT EVERYONE IS TALKING ABOUT.
2:00:12 I AM FROM COLORADO, EVERYONE BACK HOME IS TALKING ABOUT AFFORDABILITY.
2:00:15 PAYING FOR GAS AND GETTING FOOD ON THE TABLE FOR THEIR KIDS.
2:00:19 AFFORDABILITY WILL BE THE NUMBER ONE ISSUE IN NOVEMBER.
2:00:22 BUT PEOPLE— HOW SOON PEOPLE FORGET THAT UNDER
2:00:25 BIDEN INFLATION WE HAD THE HIGHEST GAS PRICES EVER,
2:00:27 THE HIGHEST INFLATION EVER AT 9%.
2:00:29 THE PRESIDENT WHEN HE TOOK OFFICE IMMEDIATELY GOT THAT UNDER CONTROL.
2:00:35 YES, WE ARE EXPERIENCING A TEMPORARY ISSUE WITH THE CONFLICT IN IRAN.
2:00:37 BUT I ALWAYS TELL PEOPLE THIS IS SHORT-TERM PAIN FOR LONG-TERM GAIN.
2:00:42 THE PRESIDENT UNDERSTANDS AND FEELS AND HAS EMPATHY FOR THE PEOPLE OUT THERE.
2:00:45 HE WANTS EVERYBODY TO GO OUT THERE AND BE ABLE
2:00:48 TO LIVE THEIR LIFE AND LIKE I SAID ACHIEVE THE AMERICAN DREAM.
2:00:51 BUT LIKE I SAID, FOR 47 YEARS, AMERICAN PRESIDENTS DENIED AND IGNORED WHAT
2:00:59 HAS HAPPENING IN IRAN AND DELIVERED CASH.
2:01:03 THIS PRESIDENT STOOD UP AND SAID WE WILL TAKE CARE OF THIS AND LISTEN,
2:01:08 HIGH POLITICAL RISK, LOW POLITICAL REWARD BUT HE DID IT BECAUSE HE KNEW IT WAS
2:01:12 THE RIGHT THING TO DO AND I THINK BY NOVEMBER WE WILL BE BACK.
2:01:15 I TALKED TO SECRETARY BESSENT.
2:01:19 WE WILL BE CRANKING THE PRESIDENT’S FULLY COMMITTED
2:01:22 TO DOING WHATEVER WE CAN TO MOVE THINGS ALONG, AND I EXPECT THINGS TO HAPPEN.
2:01:25 DAVID: YOU SAY AFFORDABILITY IS THE MAIN ISSUE BUT YOU
2:01:29 TALK ABOUT THE WAR WHICH IS FRONT AND CENTER, MENTIONED GAS PRICES.
2:01:33 EIGHT OUT OF 10 AMERICANS SAY HIGHER GAS PRICES ARE A STRAIN ON THEIR FINANCES.
2:01:38 I AM CURIOUS, WHAT YOUR MESSAGE IS
2:01:39 TO THOSE AMERICANS WHO YOU ARE ASKING FOR PATIENCE FROM.
2:01:42 WHAT IS YOUR MESSAGE TO THOME ARE WORRIED
2:01:45 ABOUT BEING ABLE TO FILL UP THEIR TANK,
2:01:47 WORE BEAD THE CONSEQUENCES OF THIS WAR PERHAPS DRAGGING ON?
2:01:50 LIKE I SAID, SHORT TERM PAIN FOR LONG TERM GAIN.
2:01:53 AMERICA WILL BE 1,000 TIMES BETTER OFF WITHOUT A NUCLEAR WEAPONIZED IRAN,
2:01:58 AND THIS PRESIDENT IS DOING WHAT SHOULD HAVE BEEN DOING— DONE A LONG TIME AGO.
2:02:03 I AM THANKFUL FOR HIM AND HIS ADMINISTERING AND THE LEADERSHIP
2:02:05 THAT HE IS SHOWING TO DO THE RIGHT THING.
2:02:09 IT’S NOT ALWAYS WHAT IS POLITICALLY EASY TO DO,
2:02:11 BUT IT’S DOING THE RIGHT THING TO MAKE SURE HE
2:02:13 IS PUTTING ALL AMERICANS AND MAKING SURE WE ARE SAFER,
2:02:16 NOT ONLY HERE AT HOME BUT ABROAD.
2:02:18 LISA: BUT SHORT TERM PAIN FOR LONG TERM GAIN,
2:02:21 THAT’S A NICE THING TO ASK PEOPLE TO DO AND GIVE
2:02:23 YOU THE BENEFIT OF THE DOUBT BUT IF YOU ARE REALLY STRUGGLING,
2:02:26 IF YOU ARE PAYCHECK TO PAYCHECK YOU DON’T HAVE MNTS
2:02:28 TO BE UNDER THIS FINANCIAL— MONTHS TO BE UNDER THIS FINANCIAL DURESS.
2:02:31 I AM WONDERING IF YOU THINK REPUBLICANS HAVE ENOUGH RUNNING ROOM,
2:02:33 NOVEMBER IS NOT THAT FAR AWAY.
2:02:33 THIS IS NOT SOMETHING YOU CAN TURN THE SWITCH BACK ON.
2:02:37 DO YOU REALLY THINK THIS WILL GOT RESOLVED
2:02:39 AND PRICES WILL GO DOWN BEFORE VOTERS GO TO THE POLL AND HAVE TO MAKE
2:02:42 A DECISION WHETHER TO GIVE THIS PARTY ANOTHER CHANCE?
2:02:44 I DO.
2:02:45 I ALWAYS THOUGHT THIS CONFLICT WAS TEMPORARY.
2:02:46 I KNOW THE PRESIDENT IS WORKING ON IT.
2:02:48 I KNOW RIGHT NOW THE CONFLICT HAS CEASED AND THEY’RE TRYING
2:02:54 TO DO EVERYTHING THEY CAN TO BRING GAS PRICES BACK DOWN,
2:02:57 BUT DON’T FORGET UNDER BIDEN IT WAS MORE AND THERE WAS NO CONFLICT.
2:03:02 THE FACT WE ARE AT TODAY ALTHOUGH IT’S PAINFUL, IT IS TEMPORARY.
2:03:05 THE PRESIDENT IS TOTALLY COMMITTED AND FOCUSED
2:03:09 TO MAKING SURE WE CAN GET PRICES BACK DOWN.
2:03:11 DAVID: LET’S TALK ABOUT REDISTRICTING.
2:03:12 THERE ARE THESE ELECTIONS IN INDIANA THIS WEEK.
2:03:15 CANDIDATES THE PRESIDENT BACKED,
2:03:16 DEFEATED OTHER REPUBLICANS IN THE STATE OF INDIANA.
2:03:18 I AM CURIOUS WHAT THAT SAYS TO YOU,
2:03:21 YES ABOUT THE ELECTION BUT YOUR APPROACH TO THE JOB AND THE INFLUENCE
2:03:26 THE PRESIDENT HAS IN TERMS OF WHO
2:03:27 CAN BE CONGRESSIONAL CANDIDATES IN THIS ELECTION.
2:03:30 THE PRESIDENT IS THE LEERED OF OUR PARTY.
2:03:33 I ALWAYS SAY IF YOU GET AN ENDORSEMENT
2:03:34 FROM THE PRESIDENT IT’S A FAST PASS FROM DISNEY WORLD.
2:03:36 YOU GO TO THE FRONT OF THE LINE YOU ARE GOING TO WIN.
2:03:39 WHAT HAPPENED IN INDIANA, YOU GOT TO REMEMBER,
2:03:42 THE VOTERS OF THE COUNTRY GAVE THE PRESIDENT
2:03:45 A MANDATE WITH NOT ONLY WINNING EVERY SINGLE SWING
2:03:49 STATE BUT ALSO THE NATIONAL POPULAR VOTE AND INDIANA
2:03:52 LEGISLATORS THOUGHT THAT THEY KNEW MORE THAN THE PRESIDENT.
2:03:53 THEY DIDN’T STEP UP WHEN THEY NEEDED.
2:03:56 THEY FACED THE CONSEQUENCES OF THEIR ACTIONS.
2:03:59 THIS PRESIDENT RUNS THE PARTY.
2:04:02 EVERYBODY IS UNITED WITHIN THE TEAM, SUPPORTING PRESIDENT DONALD J.
2:04:04 TRUMP BECAUSE WE BELIEVE IN WHAT HE IS TRYING TO DO
2:04:09 IN TERMS OF MOVING AMERICA FORWARD AND I THINK THAT AS A RESULT,
2:04:12 WE WILL ALL BE MUCH BETTER OFF AS A PARTY.
2:04:14 LISA: I AM WONDERING IF YOU THINK
2:04:18 THE LOYALTY TO PRESIDENT TRUMP IS POTENTIALLY HURTING
2:04:20 THE PARTY’S LONGEVITY BECAUSE THIS IS A PRESIDENT
2:04:23 WHO LEGALLY CANNOT RUN A THIRD TERM.
2:04:25 WILL THE PARTY KNOW ITS IDENTITY?
2:04:27 WHO ARE YOU WITHOUT PRESIDENT TRUMP AND SHOULD CANDIDATES
2:04:30 AND INDIVIDUALS LIKE YOURSELF BE WORKING MORE TO DEFINE THAT?
2:04:34 WE HAVE SUCH A DEEP BENCH WITHIN THE REPUBLICAN PARTY AND WE
2:04:37 HAVE SO MANY ISSUES WE COULD RUN ON, WHERE THE LEFT,
2:04:39 THEY KEEP ON RUNNING FURTHER AND FURTHER TO THE LEFT AWAY FROM MAINSTREAM.
2:04:42 AS A MATTER OF FACT,
2:04:44 THE DEMOCRAT PARTY HAVE NO ISSUES BECAUSE THEY USED TO BE THE PARTY
2:04:49 OF THE WORKING MAN AND FOR NOT ONLY THEM BUT FOR 50 YEARS,
2:04:55 WASHINGTON ALLELE— ALLELE— ELITIST’S HAVE ABANDONEDDED THEM.
2:04:59 AS A RESULT THEY HAVE NO ISSUES OTHER THAN THE FACT THEY HATE THE PRESIDENT.
2:05:04 I CALL IT NOT ONLY TRUMP DERANGEMENT SYNDROME,
2:05:06 I CALL IT AMERICAN DERANGEMENT SYNDROME.
2:05:07 IT LOOKS LIKE THE LEFT IS ROOTING AGAINST OUR COUNTRY, WHETHER ECONOMICALLY,
2:05:13 FOREIGN POLICY, AND THEIR CANDIDATES ARE BECOMING MORE AND MORE RADICAL.
2:05:15 THEY HAVE NO BENCH.
2:05:17 THEY HAVE THESE LEFT WING LUNATICS THAT ARE WINNING THESE PRIMARIES
2:05:23 AND AS A RESULT GIVES US AN OPENING TO BE IN THE MAINSTREAM OF WHERE
2:05:29 PEOPLE WANT TO BE AND I AM EXPECTING BIG THINGS FROM OUR CANDIDATES
2:05:31 IN NOVEMBER AND I THINK WE WILL HAVE A CHANCE TO DEFY HISTORY.
2:05:35 ONLY FOUR TIMES IN THE HAS 150 YEARS— LAST 150 YEARS
2:05:38 HAS THE INCOUPLE BENT PARTY BEEN ABLE TO WIN THE MIDTERMS.
2:05:40 WE HAVE A GREAT CHANCE THIS NOVEMBER.
2:05:42 DAVID: TALK ABOUT HOW YOU WILL DEPLOY MONEY GOING INTO THE MIDTERMS.
2:05:46 YOU HAVE A SIZABLE FINANCIAL ADVANTAGE GOING INTO THE MIDTERMS.
2:05:48 HOW ARE YOU GOING TO DEPLOY THAT MONEY TO MEET THAT OBJECTIVE THAT YOU DESCRIBE,
2:05:52 BUCKING HISTORY AND HAVING THAT REPUBLICANS HOLD ON TO THEIR MAJORITIES?
2:05:55 I GOT TO LOOK AT THE MAPS THAT WE HAVE.
2:05:59 ON ONE SIDE WE HAVE GREAT CANDIDATES LIKE ROGERS IN MICHIGAN,
2:06:06 SUN IS EUNU IN DSUNUNU IN NEW HAMPSHIRE.
2:06:09 WITH ALL THE GERRYMANDERING THAT’S OCCURRED AND ALL THE RE— DISTRICTING
2:06:14 YOU WILL LOOKING AT ONLY 35 COMPETITIVE RACES IN THE COUNTRY.
2:06:20 WITH THE FINANCIAL RESOURCES THAT WE HAVE, WE ARE SITTING ON $120 MILLION.
2:06:27 THE D.N.C.
2:06:28 IS -$40 MILLION.
2:06:29 WE HAVE COORDINATED CAMPAIGN LIMITS CHANGE AT THE SUPREME COURT LEVEL,
2:06:33 THAT WILL EXPAND THAT NUMBER, IT’S GOING TO BE LIGHTS OUT FOR THE DEMOCRATS.
2:06:37 WE WILL DO EVERYTHING WE CAN TO MAKE SURE WE WIN THESE RACES.
2:06:41 WHEN THE PRESIDENT ASKED ME TO SERVE AS THE CHAIRMAN OF THE PARTY
2:06:44 HE SAID YOU HAVE ONE GOAL TO MID WIN THE MIDTERMS.
2:06:47 WE HAVE BEEN LASER FOCUSED.
2:06:48 WE HAVE A PLAN.
2:06:49 WE ARE EXECUTING THAT PLAN.
2:06:51 WE HIRED OUR FIRST 17 STATE DIRECTORS AND DEPLOYED THEM A COUPLE WEEKS AGO.
2:06:56 THAT’S OUR FIRST WAVE.
2:06:57 WE ARE ON THE GROUND PREPARING TO GET
2:07:00 OUT THE VOTE ACTIVITIES AND MAKING SURE THAT WE
2:07:02 HAVE ELECTION INTEGRITY TEAMS ON THE GROUND
2:07:04 TO MAKE SURE THESE ELECTIONS ARE SAFE AND SECURE.
2:07:06 BUT WE HAVE THE RESOURCES WE NEED.
2:07:08 WE HAVE THE MESSAGING THAT WE NEED AND WE HAVE THE PRESIDENT WHO HAS
2:07:15 OBVIOUSLY ALREADY PROVEN THAT HE COULD TURN
2:07:18 OUT LOW PROPENSITY VOTERS THREE TIMES AND YES,
2:07:20 HE IS GOING TO— WE ARE GOING TO BE WORKING WITH HIM
2:07:24 AS HE BARNSTORMS THE COUNTRY AND THESE DISTRICTS THAT MATTER WHEN IT MATTERS.
2:07:27 WE WILL HAVE THINGS LIKE THE MIDTERM CONVENTION,
2:07:30 WHICH HAS NEVER HAPPENED BEFORE.
2:07:32 DAVID: TELL US ABOUT THAT.
2:07:33 WE HAVE SEEN THE TERM, HEARD YOU TALK ABOUT IT.
2:07:37 WHAT IS IT GOING TO BE?
2:07:39 LISA: I WOULD REVISIT MY QUESTION ABOUT
2:07:44 THE IDENTITY OF THE REPUBLICAN PARTY BUT GO AHEAD.
2:07:49 TRUMP-APALOOZA IS OUR WAY TO HIGHLIGHT THE THINGS
2:07:52 THE PRESIDENT HAS DONE WITH REAL LIFE EXAMPLES,
2:07:54 WITH SOME OF OUR GREAT CANDIDATES AND GREAT ELECTED OFFICIALS.
2:07:57 WE WILL USE THAT TO CATAPULT THE PRESIDENT AS HE GOES
2:07:59 AND BARNSTORMS THE COUNTRY THAT WILL BE THE KICKOFF AND WE ARE GOING
2:08:03 TO RUN AND HE IS GOING TO CAMPAIGN BECAUSE WE KNOW WHAT
2:08:07 HAPPENS IN THE— IF THE DEMOCRATS SOMEHOW WIN THE SOMEHOW OR SENATE.
2:08:10 THEY’RE GOING TO INVESTIGATE, OBSTRUCT, IMPEACH.
2:08:12 THEY ALREADY SAID WHAT THEY WERE GOING TO DO.
2:08:15 WE HAVE TO COME TOGETHER, GIVE THE PRESIDENT A FULL FOUR YEARS.
2:08:18 HE IS THE BEST PRESIDENT WE HAVE EVER HAD.
2:08:20 WE WILL DO EVERYTHING WE CAN TO SUPPORT HIM AND HIS ADMINISTRATION.
2:08:24 LISA: WHEN AND WHERE DO WE EXPECT THIS TO TAKE PLACE?
2:08:28 I WOULD EXPECT SOMEWHERE, WE ARE STILL FINALIZING THE DETAILS BUT I
2:08:33 WOULD SAY LATE SUMMER RIGHT BEFORE EARLY VOTING STARTS.
2:08:34 LISA: ALL RIGHT.
2:08:35 JOE, THANK YOU SO MUCH FOR JOINING US.
2:08:38 WE APPRECIATE IT.
2:08:40 THANKS FOR HAVING ME.
2:08:41 LISA: ALL RIGHT.
2:08:42 THAT PERSPECTIVE FROM BOTH SIDES THERE.
2:08:44 WE WILL HAVE OUR POLITICAL PANEL SHORTLY.
2:08:46 BUT FIRST CONGRESSIONAL MAMS FOR THE YEAR’S
2:08:50 MIDTERMS ARE SET TO LOOK DRASTICALLY DIFFERENT.
2:08:52 THE SUPREME COURT STRUCK DOWN LOUISIANA’S
2:08:53 CONGRESSIONAL MAP ERASING ITS MAJORITY BLACK DISTRICTS.
2:08:56 VIRGINIA’S TOP COURT RULED AGAINST ITS NEW CONGRESSIONAL MAP.
2:09:02 DAVID: FLORIDA GAVE APPROVAL FOR A NEW HOUSE MAT.
2:09:04 SOMEBODY SOMETHING— SOUTH CAROLINA LOOKING TO REDRAW ITS MAP.
2:09:07 TENNESSEE CREATING A NEW MAP SPLITTING THE STATE’S ONLY MAJORITY BLACK DISTRICT.
2:09:11 ALABAMA HAS ASKED THE SUPREME COURT TO ALLOW
2:09:15 ITS MAP WITH ONLY ONE MAJORITY BLACK DISTRICT.
2:09:19 WHAT DO THESE NEW MAPS MEAN FOR VOTERS?
2:09:23 BLOOMBERG OPINION SENIOR EXECUTIVE EDITOR TIM O’BRIEN IS HERE.
2:09:27 I WOULD GUESS YOU ARE NOT HEADED THERE.
2:09:30 LISA: I THINK WE SHOULD BE SINGING THE SONG MAPS.
2:09:33 LET’S GET A VAN AND GO TOGETHER.
2:09:35 DAVID: IT WILL BE A WILD RIDE.
2:09:37 WE WILL CAMP OUT.
2:09:38 TIM, LET ME GET YOUR REACTION.
2:09:41 THIS WAS A WAR RACH RATCHETING UP BEFORE
2:09:43 WE GOT THIS NEWS FROM THE VIRGINIA SUPREME COURT.
2:09:45 WHERE DO YOU SEE THINGS GOING FROM HERE?
2:09:47 IT DOES SEEM LIKE WE COULD SEE AN AMERICA WHERE
2:09:49 THERE ARE NO CONTESTED DISTRICTS ACROSS THE GREAT UNITED STATES.
2:09:54 TIM: I THINK DAVID, WE ARE IN THE EARLY I THINK WE ARE
2:09:58 IN THE EARLY INNINGS AND WILL PROBABLY—
2:09:59 OF WHAT WILL PROBABLY BECOME A REDISTRICTING WAR.
2:10:02 I THINK WE GOT HERE BECAUSE OF THE WHITE HOUSE'S, REPUBLICAN PARTY'S,
2:10:09 AND DONALD TRUMP'S CONCERNS ABOUT HOW THE MIDTERMS ARE TAKING SHAPE.
2:10:14 IT IS UNFORTUNATE BECAUSE I DON'T THINK POLITICIANS OF EITHER PARTY WANT
2:10:19 TO INHABIT A CONGRESS IN WHICH LINES
2:10:22 ARE ROUTINELY MID DRAWN— ROUTINELY REDRAWN MIDTERM.
2:10:25 IT DISTRACTS THEM FROM DOING MORE LEGISLATIVE WORK THEY GO TO WASHINGTON TO DO.
2:10:30 SECONDLY, INEFFECTIVELY UNDERMINES DEMOCRACY,
2:10:35 THE FRAMERS OF THE CONSTITUTION DID NOT ENVISION DISTRICTS AT ALL,
2:10:41 AND THERE IS A GOOD REASON TO HAVE THEM,
2:10:44 ESPECIALLY BECAUSE THEY DID NOT ENVISION THE POPULATION
2:10:46 OF THE UNITED STATES BOOMING AND SPREADING AS IT HAS.
2:10:49 REDISTRICTING ALLOWS THE DISTRICT TO BE CARVED UP IN A WAY
2:10:55 IN WHICH THE REPRESENTATIVE FROM EVERY STATE HAS A MANAGEABLE DISTRICT.
2:11:00 WHAT HAS BECOME NOW IS IT HAS BECOME A REPUBLICAN FOOTBALL.
2:11:02 THEY USED TO BE REDRAWN EVERY DECADE AFTER THE CENSUS WAS TAKEN.
2:11:05 THE SECOND IS IT HAS BECOME A POLITICAL TOOL AND THE MAPS BECOME SUSPECT.
2:11:10 WHICHEVER PARTY IS FINAGLING WITH THEM.
2:11:13 THE POLITICALLY CORRECT TERM FOR FINAGLING IS GERRYMANDERING.
2:11:17 SO IT RAISES THIS ISSUE.
2:11:21 APART FROM THE MACHINERY AND THE MACHINATIONS AROUND IT,
2:11:26 DOES IT REPRESENT A DEMOCRATIC PROCESS?
2:11:28 ARE THE VOTERS BEING HEARD?
2:11:30 ARE THEY BEING REPRESENTED?
2:11:33 IF NOT, THAT IS A PROBLEM.
2:11:37 IF REDISTRICTING HAS BECOME WEAPONIZED,
2:11:38 THEN IT POISONS I THINK THE VOTING PROCESS
2:11:40 AND THERE WILL BE MUCH MORE OF THIS IN-STORE.
2:11:41 I DON'T THINK EITHER PARTY WILL BE HAPPY WITH IT.
2:11:46 CHRISTINA: I WAS GOING TO ASK YOU IF THIS IS MUTUALLY ASSURED DESTRUCTION.
2:11:50 MY MOTHER SAID TWO WRONGS DO NOT MAKE A RIGHT.
2:11:55 DAVID: MOTHER'S DAY, YES.
2:11:58 CHRISTINA: MICHELLE OBAMA, WHEN THEY GO, WE CO-.
2:12:04 WE GO HIGH.
2:12:06 THEY ARE TELLING US THEY FEEL LIKE THEY KIND OF HAD TO DO SOMETHING,
2:12:08 BUT IT SEEMS LIKE THIS COULD BE A SHORT-TERM GAIN FOR LONG-TERM
2:12:12 DAMAGE TO BOTH PARTIES AND THE POLITICAL SYSTEM AS A WHOLE.
2:12:15 TIMOTHY: I THINK THAT IS EXACTLY RIGHT.
2:12:19 THE DEMOCRATS DID NOT SET THIS MOTION AT LEAST IN THE MOST RECENT ITERATION.
2:12:25 TRUMP DID.
2:12:30 FOR EXPRESSLY POLITICAL REASONS.
2:12:30 I THINK THAT IS A THREAT TO DEMOCRACY.
2:12:32 EVEN IF WE COME OUT OF THIS, REVISITING THIS, STEPPING BACK,
2:12:40 CURING SOME OF THE ILLNESS THAT HAS BLED INTO THE SYSTEM,
2:12:45 I THINK IT IS STILL DAMAGING.
2:12:49 THE CONSTITUTION ENVISIONED TRYING TO RESOLVE THE TENSION BETWEEN MOB RULE,
2:12:54 MAJORITY RULE, AND RESPONSIBLE ELECTED OFFICIALS.
2:12:56 A LOT OF THOSE CHECKS AND BALANCES IN THE TRUMP ERA,
2:13:04 WHETHER IT IS THE SEPARATION OF POWERS AT THE FEDERAL LEVEL OR HOW IT OCCURS
2:13:10 AT THE STATE LEVEL HAVE ALL BEEN TOSSED
2:13:11 IN THE AIR IN A WAY THAT IS REALLY DAMAGING.
2:13:13 I THINK PEOPLE WHO CARE ABOUT THE RULE OF LAW,
2:13:19 DEMOCRACY, AND EFFICIENT ELECTORAL PROCESSES SHOULD BE ALARMED.
2:13:20 DAVID: LAST QUESTION, BIT OF A CURVEBALL,
2:13:24 BUT WE SAW ABIGAIL SPANBERGER SIGNING THIS LEGISLATION INTO LAW.
2:13:28 OTHER JURISDICTIONS HAVE DONE THIS AS WELL.
2:13:32 COLORING THE CONVERSATION ABOUT THE ELECTORAL COLLEGE,
2:13:35 WHETHER WE SHOULD STILL HAVE IT IN THIS DAY AND AGE,
2:13:39 WHETHER YOU THINK IT WILL ADD RISK TO THAT MOVEMENT TO GET AWAY FROM IT.
2:13:45 TIMOTHY: THE ELECTORAL COLLEGE IS THE FLIPSIDE OF THE DISTRICTING ISSUE.
2:13:50 IT WAS INVENTED BY THE FRAMERS TO PREVENT MOB RULE,
2:13:55 TO MAKE SURE THAT EACH STATE HAD AN EFFECTIVE PRESENCE IN THE FEDERAL
2:14:01 GOVERNMENT AND THAT YOU WOULD NOT HAVE
2:14:03 EXTREMES OF EITHER SIDE FORCING POOR OUTCOMES.
2:14:07 BUT AGAIN, THEY DID NOT ENVISION THE WORLD WE WOULD BECOME.
2:14:09 IF THE GOP AND TRUMP WERE CONSISTENT ON THIS, IF THEY ARE REDISTRICTING,
2:14:18 THEY SHOULD BE HAPPY TO REVISIT THE STRUCTURE OF THE ELECTORAL COLLEGE,
2:14:22 BUT SOMEHOW MYSTERIOUSLY THERE IS NO CONVERSATION GOING ON ON THE REPUBLICAN
2:14:29 SIDE ABOUT REVISITING WHAT THE ELECTORAL COLLEGE DOES AND HOW IT FUNCTIONS.
2:14:33 CLASSIC CONSERVATISM PRESERVES INSTITUTIONS BECAUSE INSTITUTIONS OVER TIME
2:14:38 HAVE SHOWN THEY HAVE VALUE TO A SOCIETY,
2:14:42 SO THE ARGUMENT TO THE ELECTORAL COLLEGE WOULD BE PRESERVED
2:14:43 IT IN ITS FORM BECAUSE IT HAS PROVED TO BE WORTHWHILE,
2:14:47 BUT IF THAT IS THE CASE, YOU SHOULD NOT BE MESSING AT ALL WITH DISTRICTS.
2:14:49 DAVID: GREAT TO SPEAK WITH YOU ON THIS SUNDAY.
2:14:51 TIMOTHY: THANK YOU.
2:14:54 DAVID: JOINING US HERE ON "BLOOMBERG
2:14:57 THIS WEEKEND." COMING UP, WE WILL TALK MORE.
2:15:00 WE HAVE A POLITICS PANEL COMING UP NEXT.
2:15:03 THIS REDISTRICTING CONVERSATION VERY MUCH— CHRISTINA:
2:15:07 I HAVE BEEN A GERRYMANDERING NERD FOREVER.
2:15:08 NOW IT IS ALL WE ARE PAYING ATTENTION
2:15:11 TO AHEAD OF THE MIDTERMS AND RIGHTFULLY SO.
2:15:13 MAKES A HUGE DIFFERENCE.
2:15:15 DAVID: WE WILL GET TO THAT NEXT ON BLOOMBERG RADIO,
2:15:20 TELEVISION, AND BLOOMBERG.COM.
2:15:22 THE IRANIANS HAVE ACCORDING TO IRANIAN STATE
2:15:24 MEDIA CONVEYED THEIR RESPONSE TO THE U.S.
2:15:26 PROPOSAL TO WASHINGTON VIA THE PAKISTANIS.
2:15:28 MORE DETAILS ON THAT AS WE GET THEM RIGHT HERE ON BLOOMBERG.
2:15:42 CHRISTINA: THANK YOU FOR JOINING US LIVE.
2:15:45 LET'S UPDATE YOU ON TODAY'S TOP STORIES,
2:15:45 AND WE WILL START WITH A LIVE LOOK OVER AT THE CANARY ISLANDS.
2:15:48 WE HAVE BEEN TALKING ABOUT THIS ALL MORNING LONG.
2:15:50 PASSENGERS STARTING TO DISEMBARK.
2:15:55 THE CRUISE SHIP INFECTED WITH HANTAVIRUS ARRIVED
2:15:56 AT THE PORT AT THE CANARY ISLANDS SO NOW YOU ARE LOOKING UP PEOPLE BEING TAKEN
2:15:59 FROM THE SHIP TO THE SHORE IN THE SMALL BOATS.
2:16:05 THEY WILL BE LED TO THE AIRPORT AND SENT
2:16:07 TO THEIR HOME COUNTRIES FROM THEIR VIA PLANE— THERE VIA PLANE.
2:16:13 THE ISLAMIC REPUBLIC NEWS AGENCY IS REPORTING
2:16:14 IRAN HAS SUBMITTED A RESPONSE TO THE U.S.
2:16:17 PROPOSAL TO END 10 WEEKS OF WAR.
2:16:19 NO FURTHER DETAILS WERE GIVEN BEYOND THAT.
2:16:22 PRESIDENT DONALD TRUMP'S PLAN STIPULATES IRAN ALLOW PASSAGE THROUGH THE STATE
2:16:26 OF HORMUZ AND WASHINGTON END ITS BLOCKADE IN THE NEXT MONTH.
2:16:29 RUSSIAN PRESIDENT VLADIMIR PUTIN SAID THE CONFLICT IN UKRAINE NEARING ITS END.
2:16:36 PUTIN SPOKE WITH REPORTERS AFTER HE OVERSAW A VICTORY PARADE ON THE RED
2:16:40 SQUARE COMMEMORATING THE DEFEAT OF NAZI GERMANY IN WORLD WAR II.
2:16:44 BASEBALL FANS MOURNING THE LOSS OF BOBBY COX,
2:16:47 THE HALL OF FAME MANAGER OF THE ATLANTA BRAVES.
2:16:51 COX LED THE TEAM TO 14 STRAIGHT DIVISION
2:16:51 TITLES AND A WORLD SERIES TITLE IN 1995.
2:16:54 HE ALSO PLAYED PROFESSIONALLY FOR THE NEW
2:16:57 YORK YANKEES DURING THE 1968 AND 1969 SEASONS.
2:16:59 HE WAS 84.
2:17:01 IN THE NHL PLAYOFFS, THE CAROLINA HURRICANES COMPETED A SECOND-ROUND SWEEP
2:17:06 OF THE PHILADELPHIA FLYERS WITH A 3-2 OVERTIME WIN.
2:17:10 THE COLORADO AVALANCHE LOST TO THE MINNESOTA WILD 5-1.
2:17:13 TONIGHT, THE BUFFALO SABRES TAKE ON THE MONTREAL CANADIANS
2:17:18 AND THE BIGGEST GOLDEN NIGHT BATTLE THE ANAHEIM DUCKS.
2:17:21 THE OKLAHOMA CITY THUNDER BEAT THE LOS ANGELES LAKERS,
2:17:27 THE CAVALIERS TOPPED THE PISTONS, AND THE NEW YORK KNICKS HAVE A CHANCE TO SWEEP
2:17:31 THE SEAWEEDS TODAY WHEN THEY PLAY THE 76ERS AT 33:30 P.M.
2:17:39 THAT WOULD BE A NICE MOTHER'S DAY GIFT.
2:17:40 I WILL BE RUSHING FROM BRUNCH TO THE TV SCREEN.
2:17:46 DAVID: NOT GOING TO REVIEW THAT.
2:17:51 [LAUGHTER] DAVID: SIX-MONTH UNTIL A CRUCIAL MIDTERM ELECTION FOR THE DEMOCRATS.
2:17:53 AS THE PARTY LEVERAGE ITSELF?
2:17:57 JOINING US NOW IS JOHN MACARTHUR.
2:18:04 WE HAD A FORMER TRUMP OFFICIAL BUT BUT THERE WAS
2:18:05 AN EMERGENCY AND HE WAS ABLE TO BE ON WITH AS.
2:18:08 CHRISTINA: YOU ARE HOLDING DOWN THE FORT SOLO TODAY.
2:18:11 IT IS A TRADITION OF MY PARTY.
2:18:14 DAVID: YOU HEARD JOE TALKING, THE HEAD OF THE RNC,
2:18:16 ABOUT THE POLLING NUMBER WE TOOK HIM THROUGH.
2:18:19 HE WAS DISMISSIVE OF POLLING BROADLY, BUT WHAT DO DEMOCRATS MAKE OF THE APPROVAL
2:18:24 NUMBERS PRINCIPALLY AND HOW DO THEY BUILD THE CAMPAIGN
2:18:28 FROM THERE LOOKING AT THE HEADLINE NUMBERS AND THE DEFICITS
2:18:30 THEY ARE SEEING IN THE POLL NUMBERS NOW?
2:18:32 DEMOCRATS HAVE TO DO A COUPLE EXERCISES.
2:18:36 THERE IS A TRADITION THAT ALL POLITICS
2:18:37 ARE LOCAL AND THAT IS INCREASINGLY UNTRUE.
2:18:39 AS WE LOOK AT THE MIDTERM ELECTIONS,
2:18:41 HOUSE DEMOCRATS ARE BEING TOLD BY PEOPLE IN THE DISTRICTS THEY HAVE
2:18:46 TO PUT UP A FIGHT AGAINST DONALD TRUMP SO YOU WILL HEAR THAT ACROSS-THE-BOARD.
2:18:49 WIND IS IN OUR FAVOR.
2:18:51 DEMOCRATS WILL HAVE A GOOD TURNOUT IN THE HOUSE COME NOVEMBER
2:18:55 I THINK BUT THERE IS ANOTHER EXERCISE THAT NEEDS TO HAPPEN.
2:18:58 ONCE WE GET THE MAJORITY, WHAT WILL WE DO WITH IT?
2:19:01 THE DEMOCRATIC BRAND IS STILL IN THE TANK.
2:19:05 PEOPLE DON'T LIKE US, BUT THEY DON'T LIKE HIM MORE AND THAT IS
2:19:06 NOT A SUSTAINABLE PATH FOR THE PARTY GOING FORWARD.
2:19:11 FOR THE FOLKS MIGHT TAKE OVER OUR PARTY IN 2028,
2:19:12 I AM LOOKING FOR WHAT THOSE FOLKS ARE DOING IN THE MIDTERMS?
2:19:16 CHRISTINA: WHO IS THAT?
2:19:17 WE JUST HEARD THE RNC CHAIR SAYING
2:19:19 THEIR PARTY IS RUNNING TO TRUMP AND EMBRACING THAT.
2:19:22 WHO DO DEMOCRATS HAVE?
2:19:23 WHO SHOULD THEY BE RUNNING TOWARDS?
2:19:25 JOHN: YOU MIGHT SEE THE PEOPLE WANTING
2:19:28 TO LEAD THE PARTY CAMPAIGNING IN THE BATTLEGROUND DISTRICTS.
2:19:33 BACK TO 2017 AS WE WERE LOOKING TO THE MIDTERMS,
2:19:37 PART OF JOE BIDEN'S SUCCESS IN BECOMING THE NOMINEE
2:19:41 IN 2020 IS HE WENT TO THE BATTLEGROUND DISTRICTS
2:19:43 AND HE WAS THE ONLY PERSON WHO COULD PULL
2:19:43 OUT SOME VOTERS WHO MIGHT NOT OTHERWISE TURN OUT.
2:19:46 IF YOU ARE SMART, U.S.
2:19:49 TURNING TO BUILD OUT YOUR 2028 STRATEGY.
2:19:51 WE HAVE A GREAT BANK OF DEMOCRATIC GOVERNORS TRYING TO GET THEIR FEET WET.
2:19:55 YOU HAVE SOME NAMES WHO HAVE ALREADY WON BEFORE LIKE GOOD BUTTIGIEG.
2:19:59 YOU HAVE— LIKE PETE BUTTIGIEG.
2:20:07 YOU HAVE GENERAL WINDOW, THE FORMER MAYOR OF THE THAT’S A GOOD THING.
2:20:12 IT’S FOR EVERYBODY.
2:20:13 THE PARTY HAS HAD THE SAME PEOPLE SITTING OVER IT FOR A LONG PERIOD OF TIME.
2:20:19 PART OF IT IS YOU ARE NOT JUST RUNNING TO BE THE NOMINEE.
2:20:21 YOU ARE LOOKING TO BE ONE OF THE TOP 10
2:20:24 FACES YOU THINK OF WHEN YOU THINK OF THE DEMOCRATS.
2:20:26 WE ARE CHANGING THE WHOLE STABLE.
2:20:28 DAVID: TALK ABOUT THE WHIPLASH DEMOCRATS HAVE EXPERIENCED.
2:20:31 WE WERE SITTING DOWN WITH YOU AFTER THE VOTE IN VIRGINIA AND THERE
2:20:35 WAS EXCITEMENT AMONG DEMOCRATS THAT VOTERS HAD
2:20:37 APPROVED THOSE NEW MAPS IN THE COMMONWEALTH.
2:20:40 LEGAL WRANGLING, THAT’S OFF THE TABLE.
2:20:42 THE SITUATION LOOKS MARKEDLY WORSE FOR DEMOCRATS THAN IT DID BACK THEN.
2:20:48 WHAT HAVE THESE TWO WEEKS BEEN LIKE?
2:20:50 HOW DO YOU PICK UP THE PIECES GOING FORWARD
2:20:53 IF THAT PLAN ISN’T GOING TO BE IN EFFECT?
2:20:55 LISA: CAN YOU BEAT THOSE MAPS?
2:20:56 JOHN: I AM A CAMPAIGN PERSON BY TRAINING.
2:21:00 I HAVE ALWAYS THOUGHT THE BEST STRATEGY IS BEAT
2:21:03 THEM THE OLD FARKED WAY, AT THE BALLOT BOX.
2:21:05 DEMOCRATS REMAIN UP ON THE GENERIC BALLOT BY ALMOST 10 POINTS.
2:21:09 WHEN YOU LOOK AT THE INDIVIDUAL DISTRICTS,
2:21:11 IF YOU LOOK ACROSS THE TARGETED RED TO BLUE DISTRICTS,
2:21:14 DEMOCRATS ARE OVERPERFORMING.
2:21:16 THEY HAVE OVERPERFORMED IN SPECIAL
2:21:19 ELECTIONS SINCE DONALD TRUMP BECAME PRESIDENT.
2:21:21 THE WIND IS IN OUR FAVOR.
2:21:22 I WILL SAY OBVIOUSLY DEMOCRATS DIDN’T WANT THIS FIGHT WHEN
2:21:25 IT CAME TO REDISTRICTING BUT WE ARE FIGHTING FIRE WITH FIRE.
2:21:28 WE ARE SAYING IF YOU PUT US IN THE MAJORITY
2:21:31 WE WILL DO WHAT WE HAVE ALWAYS VOLKED FOR.
2:21:34 DEMOCRATS HAVE EVERY SINGLE CONGRESS IN RECENT
2:21:36 HISTORY PUT FORWARD PLANS FOR INDEPENDENT REDISTRICTING REFORM.
2:21:39 THEY HAVE PUT FORWARD PLANS TO TAKE BIG MONEY OUT OF POLITICS.
2:21:42 SO WE WILL DO WHATEVER WE NEED TO DO TO GET
2:21:43 INTO THE MAJORITY BECAUSE RIGHT NOW WE DON’T HAVE A LEVER OF POWER.
2:21:47 BUT WE HAVE TOLD THE AMERICAN PEOPLE WHAT WE WILL DO WITH IT.
2:21:50 LISA: YOU TALKED ABOUT SOME OF THE THINGS
2:21:52 JOE BIDEN DID TO GET PEOPLE TO THE POLLS.
2:21:55 BUT FOR DEMOCRATS RUNNING AGAIN NOW,
2:21:57 THAT BIDEN LEGACY IS NOT A GOOD THING AND THERE
2:22:01 WAS AN ARTICLE OUT THIS WEEK TALKING ABOUT THE BIDEN PEOPLE
2:22:06 FROM HIS ADMINISTRATION WHO ARE PROMINENT IN THE MEDIA AND WHO
2:22:09 ARE REMINDER OF THE THINGS PEOPLE DIDN’T LIKE ABOUT THE LAST ADMINISTRATION.
2:22:14 DID YOU AGREE WITH THAT IS THIS WHAT IS YOUR TAKE?
2:22:15 JOHN: THAT’S A BROAD BRUSH.
2:22:16 I WOULD SAY A FEW THINGS.
2:22:19 THERE IS A DIFFERENCE BETWEEN PEOPLE THINKING THE PRESIDENT SHOULDN’T
2:22:21 HAVE RUN AGAIN AND WHETHER OR NOT THEY LIKE JOE BIDEN.
2:22:23 ONE OF THE THINGS THE MEDIA GETS WRONG WHEN
2:22:27 THEY TALK ABOUT THIS IS THE BASE OF OUR PARTY
2:22:29 STILL LIKES JOE BIDEN AND I THINK THERE IS
2:22:32 A KEY COALITION OF WHITE WORKING CLASS VOTERS— LISA:
2:22:35 DO YOU HAVE NUMBERS TO BACK THAT UP?
2:22:37 I HEAR FROM A LOT OF DEMOCRATS
2:22:38 THAT THEY’RE STILL FRUSTRATED WITH HOW THAT PLAYED OUT.
2:22:41 JOHN: THERE IS A DIFFERENCE BETWEEN PEOPLE SAYING DO
2:22:45 WE WANT A NATIONAL FIGURE TO CAMPAIGN IN OUR DISTRICT,
2:22:47 I DON’T THINK PEOPLE WANT HILLARY CLINTON COMING
2:22:49 IN, THEY DON’T WANT JOE BIDEN COMING IN.
2:22:55 IN SOME PLACES THEY MIGHT WANT BARACK OBAMA.
2:22:56 PEOPLE DON’T WANT TO BE TIED TO THE BRAND BECAUSE THAT BRAND HAS DECREASED.
2:23:00 BUT THERE IS STILL WARMTH AND AFFINITY THERE.
2:23:03 PART OF THIS COME ELECTION DAY IS NOT JUST PULLING OUT
2:23:06 THE SWING VOTERS BUT MAKING SURE YOU CAN PULL OUT THE PARTY APPARATUS,
2:23:10 LOCAL PARTY LEADERS, VOLUNTEERS.
2:23:11 THOSE PEOPLE STILL HAVE AFFINITY FOR THE FORMER
2:23:14 PRESIDENTS AND LEADERS OF OUR PARTY.
2:23:16 DAVID: LET ME ASK ABOUT THE BIG MONEY YOU MENTIONED.
2:23:19 WE HEARD FROM STEVE ROTH, KEN GRIFFIN,
2:23:23 REALLY CRITICAL OF RHETORIC FROM MAYOR MAMDANI IN NEW YORK ABOUT
2:23:26 TAXES HE WANTS TO PUT ON THE RICH IN THE CITY,
2:23:30 THE TAX GOVERNOR HOCHUL REVEALED LAST WEEK.
2:23:32 I WILL QUOTE A BIT FROM STEVE ROTH SAYING
2:23:34 I CONSIDER THE PHRASE TAX THE RICH WHEN SPIT OUT
2:23:37 WITH ANGER AND CONTEMPT BY POLITICIANS HERE AND ACROSS
2:23:39 THE COUNTRY TO BE JUST AS HATEFUL AS DISGUSTING RACIAL SLURS.
2:23:43 HOW DO YOU REACT TO THAT AND HOW MUCH VOICE DO
2:23:46 YOU GIVE THAT PART OF THE DEMOCRATIC PARTY BASE GOING INTO 2028?
2:23:50 THERE IS A HUNGER I THINK FOR MANY DEMOCRATS TO HAVE MORE OF THAT.
2:23:54 JOHN: READS THE ROOM.
2:23:55 TO SAY OUT OF THE GATE THAT THIS IS AS BAD
2:23:58 AS A RACIAL SLUR IS KIND OF AN INSANE THING TO SAY.
2:24:00 IT’S OVERHEATED AND IT’S UNHELPFUL.
2:24:01 BUT I DO THINK THAT WHEN YOU STEP BACK AND LOOK AT THE SITUATION,
2:24:08 10% OF THE COUNTRY HOLDS 2/3 OF THE WEALTH.
2:24:10 THAT IS PROBLEMATIC.
2:24:11 THERE IS NO WAY YOU CAN LOOK AT THAT AND SAY THAT IS A LEVEL PLAYING FIELD.
2:24:14 WHEN PEOPLE LIKE THIS TRY AND LOOK FOR SYMPATHY, THEY’RE NOT GOING TO GET IT.
2:24:20 DEMOCRATS OF COURSE NEED TO REMAIN LEVELHEADED
2:24:23 ON THIS, TOO AND SEE THERE IS AN OPENING.
2:24:25 PEOPLE WANT STABILITY IN GOVERNMENT.
2:24:26 THEY WANT AN ECONOMY THAT’S PERFORMING WELL,
2:24:28 BUT I DON’T THINK YOU DO THAT BY NECESSARILY VILIFYING SUCCESS.
2:24:32 PART OF THE AMERICAN ETHOS IS THAT PEOPLE BELIEVE THEY THEMSELVES CAN BE
2:24:36 SUCCESSFUL SO SAYING THAT WE WILL PUNISH ALL OF THESE BILLIONAIRES AS A.O.C.
2:24:41 SAID, I THINK PEOPLE WANT A TAX STRUCTURE THAT IS FAIR
2:24:43 BUT I THINK THIS OVERLY INFLATESSED RHETORIC DOESN’T BRING SWING VOTERS IN.
2:24:46 THIS AT THE END OF THE DAY IS AN ADDITION GAME.
2:24:50 LISA: WE HAVE TO GO BUT IN 20 SECONDS WHAT IS THE ONE
2:24:53 THING YOU ARE AFRAID OF AND DMTION NEED TO STAY WAY FROM?
2:24:56 TALK ABOUT THE THINGS PEOPLE CARE ABOUT.
2:24:59 PART OF THE REASON WE LOST IN 2020 IS BECAUSE WE SPENT ALL
2:25:02 OF OUR TIME TALKING ABOUT OBSCURE SOCIAL ISSUES THAT DIDN’T MATTER TO VOTER.
2:25:06 TALK ABOUT THE ECONOMY.
2:25:08 TALK ABOUT HOW PRICES ARE TOO HIGH.
2:25:09 LISA: JOHN, THANK YOU SO MUCH FOR HOLDING DOWN THE FORT.
2:25:11 THANK YOU.
2:25:12 DAVID: THANK YOU, JOHN.
2:25:13 LISA: WHEN WE COME BACK, WE ARE PLAYING THE QUIZ.
2:25:17 ANOTHER QUIZ WITH LISA.
2:25:18 YOU CAN HELP US.
2:25:19 DAVID: TAKE US WITH YOU WHEREVER YOU GO.
2:25:22 WATCH US ON BLOOMBERG TV.
2:25:24 STREAM US AT BLOOMBERG.COM, WHEREVER YOU ARE, WE THERE WITH YOU.
2:25:28 IT’S "BLOOMBERG THIS WEEKEND."♪ DAVID: TIME FOR THIS WEEK’S NEWS QUIZ.
2:25:47 I AM EXCITED TO SEE HOW I FARE.
2:25:48 LET’S GO TO LISA MATEO.
2:25:49 CHRISTINA: I WANT TO WIN.
2:25:52 DAVID: THE UNOFFICIAL NEWS QUIZ.
2:25:56 IT’S WHY I DIDN’T INVEST SO MUCH INTO IT.
2:25:58 CHRISTINA: THAT’S THE REASON.
2:26:00 ALL RIGHT, LISA.
2:26:02 WHAT TORTURE DO YOU HAVE FOR US TODAY?
2:26:04 LISA: FOR THOSE OF YOU AT HOME, WE HAVE THREE CATEGORIES.
2:26:07 THEY EACH HAVE 10 CHIPS IN GROUPS OF THREE.
2:26:09 30 CHIPS TOTAL IN FRONT OF THEM.
2:26:11 THEY WILL BASE THEIR BETS ON EACH CATEGORY.
2:26:13 IF THEY FEEL KOL FORT DRK COMFORTABLE ABOUT THE FIRST ONE, PUT 10 OR 20.
2:26:19 YOU HAVE YOUR WHITE BOARDS AND HAVE YOUR ANSWERS THERE.
2:26:21 ARE YOU READY?
2:26:22 DAVID: IN THE PAST I HAVE HAVE NOT PUT 10 ON EACH.
2:26:27 CHRISTINA: I WILL SPLIT.
2:26:31 STRATEGY MOVE.
2:26:32 DAVID: SUCCESS WEEK AFTER WEEK.
2:26:34 LISA: I THINK HE IS ON TO YOU.
2:26:36 CHRISTINA: ALL RIGHT, LET’S GO.
2:26:36 LISA: THE FIRST ONE IS TED TURNER.
2:26:40 THE SECOND IS PHARMACEUTICALS.
2:26:42 THE THIRD IS FINANCE.
2:26:44 DAVID: GREAT CATEGORIES ALL.
2:26:47 LISA: GOOD CATEGORIES.
2:26:50 ARE YOU READY FOR TED TURNER?
2:26:53 FOR THOSE OF YOU PLAYING AT HOME,
2:26:57 TED TURNERS IDEA TO BROADCAST A LOCAL STATION TO A BROADER
2:26:59 RANGE OF CABLE SYSTEMS STARTED A NEW TV CONCEPT CALLED WHAT?
2:27:08 WHAT IS THIS TV CONCEPT?
2:27:09 DAVID: NEW TV— OK, ALL RIGHT.
2:27:11 LISA: THINK ABOUT IT.
2:27:12 WHAT IT’S CALLED.
2:27:14 THIS GROUP.
2:27:15 CHRISTINA: OK.
2:27:16 DAVID: I WROTE CABLE NEWS.
2:27:18 LISA: SUPERSTATION.
2:27:20 DAVID: OH, TBS.
2:27:25 AS LONG AS WE ARE— I ALWAYS WONDERED WHAT THAT MEANT WHEN I WAS WATCHING.
2:27:31 LISA: ALL RIGHT.
2:27:34 CHRISTINA: TAKE MY CHIPS.
2:27:39 I WAS READY FOR THAT ONE.
2:27:41 DAVID: JANE FONDA, VERY NICE REMARKS UPON THE PASSING OF TED TURNER.
2:27:46 CALLS HIM HER FAVORITE EX-HUSBAND.
2:27:48 DAVID: A MAN CAN ASPIRE.
2:27:50 SUCH A MEMORY.
2:27:52 LISA: PHARMACEUTICALS.
2:27:53 LET’S MOVE ON.
2:27:56 HERE WE GO.
2:27:59 ELI LILLY, SURPASSED WHICH MERCK CANCER THERAPY
2:28:02 AS THE WORLD’S HIGHEST GROSSING PRESCRIPTION MEDICATION?
2:28:07 WHAT IS THE NAME OF THAT CANCER THERAPY MEDICATION,
2:28:10 PRESCRIPTION MEDICATION FROM MERCK?
2:28:11 CHRISTINA: IS IT A PILL?
2:28:12 DAVID: NO HINTS THERE.
2:28:13 IT’S LIKE A SPELLING BEE.
2:28:14 CHRISTINA: THIS IS NOT GOING WELL TODAY.
2:28:16 LISA: BUT INTERESTING, THOUGH, RIGHT?
2:28:21 CHRISTINA: KIND OF CRAZY.
2:28:23 LISA: AN INTERESTING TOPIC.
2:28:26 WHAT IS THE NAME OF THAT CANCER THERAPY PRESCRIPTION?
2:28:29 DAVID: I HAVE NO IDEA.
2:28:32 CHRISTINA: CHEMO.
2:28:34 LISA: IT IS KEYTRUDA.
2:28:36 IF YOU ARE PLAYING IT ONLINE, THEY DO GIVE YOU MULTIPLE CHOICES.
2:28:42 YOU WILL HAVE A BETTER CHANCE.
2:28:42 DAVID: HAPPY MOTHER’S DAY, LISA.
2:28:43 CHRISTINA: SHE WILL GO TO BRUNCH ON OUR CHIPS.
2:28:47 DAVID: PASS THEM OVER, GUYS.
2:28:50 LISA: YOU GOT THIS ONE.
2:28:52 DAVID: I APPRECIATE THAT.
2:28:54 LISA: YOU WILL GO ALL IN.
2:28:56 WHICH BILLIONAIRE C.E.O.
2:28:57 RALLIED AGAINST NEW YORK CITY MAYOR MAMDANI FOR SIGNALING
2:29:00 HIM OUT IN A PLAN TO TAX SECOND HOMES?
2:29:01 YOU JUST TALKED ABOUT THIS IN YOUR LAST SEGMENT.
2:29:04 DAVID: TALKED ABOUT TWO OF THEM.
2:29:09 WHICH ONE WAS IT?
2:29:13 CHRISTINA: I CAN’T, MY BRAIN IS FRIED.
2:29:15 LOOK AT HIS FACE.
2:29:16 THAT’S ALL I GOT.
2:29:18 DAVID: WHAT DID YOU WRITE?
2:29:20 KEN GRIFFIN.
2:29:21 CHRISTINA: I TOLD YOU THIS WOULD BE— LISA: THE MAYOR CALLED HIM OUT.
2:29:28 DAVID: MAMDANI FILMED THIS VIDEO IN WHICH HE
2:29:31 SHOWED THAT BEHIND HIM AND GRIFFIN DIDN’T APPRECIATE THAT.
2:29:35 HE DOESN’T LIVE IN THAT APARTMENT VERY MUCH.
2:29:40 $200 MILLION.
2:29:42 I WILL TAKE THESE CHIPS AWAY.
2:29:45 LISA: NO, A BONUS.
2:29:46 CHRISTINA: TAKING MY CHIPS.
2:29:48 LISA: ALL RIGHT.
2:29:50 WE WILL DO IT FOR FUN.
2:29:52 DAVID: I AM FEELING GREAT.
2:29:54 CHRISTINA: FEELING REALLY GOOD RIGHT NOW.
2:29:56 DAVID: ELON MUSK.
2:29:57 LISA: THE QUESTION IS, SPACEX IS PROPOSING TO SPEND AT LEAST $55
2:30:03 BILLION ON A SEMICONDUCTOR A FAILT— FACILITY ALONGSIDE TESLA,
2:30:07 THE FIRST STEP ON WHAT MUSK PROJECT?
2:30:08 WHAT IS THE NAME OF THIS PROJECT HE IS WORKING ON?
2:30:13 TO MAKE THESE CHIPS.
2:30:14 DO YOU REMEMBER THE NAME OF IT?
2:30:17 DAVID: XAI.
2:30:18 LISA: NO, TERAFAB.
2:30:20 HE WANTS TO MAKE THE CHIPS FOR ALL HIS DIFFERENT ENTERPRISES.
2:30:27 DAVID: SAD WE DIDN’T GET THAT BONUS BUT HAPPY I WON THE GAME.
2:30:30 LISA: YOU HAVE WON.
2:30:31 CHRISTINA: MARK THIS DOWN.
2:30:32 DAVID: THANK YOU.
2:30:33 WE DON’T HAVE TO MAKE THAT BIG A DEAL OUT OF IT.
2:30:38 LISA: LOOK AT YOUR FACE.
2:30:40 CHRISTINA: GLOWING.
2:30:41 DAVID: THE GLOW.
2:30:44 IT’S A NICE WAY TO END THE WEEKEND.
2:30:46 I AM COMING FOR YOU NEXT WEEK.
2:30:48 DAVID: I MUST SAY, THE QUIZ WE DID WITH DANIEL WHICH
2:30:50 IS TRADEMARKED OF COURSE WAS A LOT OF FUN AS WELL.
2:30:52 THANK YOU FOR ARRANGING THAT.
2:30:53 LISA: YOU ARE VERY WELCOME.
2:30:55 CHRISTINA: I LIKED THAT ONE BETTER.
2:30:58 LISA: IF YOU WANT TO PLAY AT HOME, GO TO BLOOMBERG.COM.
2:31:02 IT’S A LOT OF FUN.
2:31:03 DAVID: IT IS FUN.
2:31:04 I NOTICED I DIDN’T PLAY IT BUT SOME
2:31:06 OF THESE QUESTIONS MAY COME FROM THAT, I HEARD.
2:31:10 IF YOU WANT TO— NOT TRYING TO GIVE YOU A WAY TO CHEAT.
2:31:15 CHRISTINA: IT IS AN EXERCISE IN SELF-RESTRAINTS BECAUSE THE ANSWERS ARE
2:31:18 IN OUR LINEUP AND WE HAVE TO NOT CLICK ON THEM.
2:31:20 DAVID: I DIDN’T DO IT.
2:31:21 CHRISTINA: CLEARLY I DIDN’T EITHER.
2:31:24 DAVID: I SWEAR TO YOU, VIEWERS AND LISTENERS.
2:31:26 CHRISTINA: NOTICE I DON’T ACCUSE HIM OF CHEATING WHEN HE WINS.
2:31:28 THANK YOU, LISA.
2:31:29 THANK YOU, ALL OF OUR VIEWERS FOR JOINING US ON "BLOOMBERG THIS WEEKEND." DAVID:
2:31:35 JOIN OUR COLLEAGUES WHEN GLOBAL MARKETS KICK OFF AT 7:00 P.M.
2:31:39 EASTERN TIME.
2:31:40 CHRISTINA: TUNE IN.
2:31:41 I AM CHRISTINA RUFFINI.
2:31:42 DAVID: I AM DAVID GURA WITH LISA MATEO.
2:31:45 BACK WITH YOU ON SATURDAY FOR OUR AUDIENCE ON BLOOMBERG TV.
2:31:48 "THE MISHAL HUSAIN SHOW" STARTS RIGHT NOW.
2:31:52 CHRISTINA: WE WANT TO LEAVE YOU WITH THIS PHOTOS
2:31:57 OF OUR MOMS FROM OUR TEAM AT BLOOMBERG.
2:32:01 HAVE A GREAT SUNDAY.