Bloomberg This Weekend | US Awaits Iranian Response to Proposed Deal, Hantavirus Hits Cruise Ship

0:03 ANNOUNCER: WELCOME TO BLOOMBERG THIS WEEKEND LIVE FROM NEW YORK WITH DAVID GURA,

0:09 CHRISTINA RUFFINI, AND LISA MATEO.

0:12 ANALYSIS, INTERVIEWS, AND STORIES THAT HAD HOME ON YOUR DAYS OFF.

0:23 [INTRO MUSIC] CHRISTINA:

0:24 WE ARE COMING TO YOU FROM BLOOMBERG WORLD HEADQUARTERS IN NEW YORK.

0:36 DAVID: COMING TO YOU ACROSS MANY PLATFORMS.

0:38 A LOT TO COVER THIS MORNING AS THE PRESIDENT WAITS FOR A RESPONSE FROM IRAN.

0:43 HIS PROPOSAL TO END THE CONFLICT IN THE MIDDLE EAST.

0:46 FIRST, LET'S CHECK THE HEADLINES FROM LISA MATEO.

0:49 LISA: THE CREW SHIP EXPERIENCING A DEADLY HANTAVIRUS

0:57 OUTBREAK MAKING ITS WAY TO TURN A REEF TOMORROW.

0:59 AUTHORITIES ARE PLANNING TO RECEIVE MORE THAN 140 PASSENGERS AND CREW MEMBERS.

1:04 HEALTH OFFICIALS SAY THEY WILL PERFORM CAREFUL EVALUATION AND EVACUATIONS.

1:09 THE U.S.

1:11 AGREED TO SEND AN AIRPLANE TO RETURN MORE THAN

1:12 A DOZEN AMERICAN STILL ON THE SHIP AND THOSE PASSENGERS

1:16 WILL BE ISOLATED AT THE NATIONAL QUARANTINE UNIT

1:19 AT THE UNIVERSITY OF NEBRASKA MEDICAL CENTER AT NEBRASKA MEDICINE.

1:24 THERE ARE 20 SPACES IN THE QUARANTINE UNIT AND WE

1:27 ARE MAKING PREPARATIONS TO RECEIVE THE 19 PASSENGERS AND U.S.

1:30 CITIZENS WILL BE REPATRIATED.

1:32 THE QUARANTINE UNIT ENJOYS AN OUTSTANDING FACILITY DESIGNED TO LIMIT

1:36 THE SPREAD OF THE PATHOGEN WE ARE MONITORING FOR.

1:39 ALL OF THESE PASSENGERS WILL BE MONITORED FOR SYMPTOMS

1:43 WELL AND WILL BE COMING TO US FOR MONITORING.

1:46 LISA: THE HANTAVIRUS IS A RARE FAMILY OF VIRUSES CARRIED BY RODENTS.

1:51 SO FAR THREE PASSENGERS HAVE DIED.

1:53 THE U.S.

1:55 WAITING FOR A RESPONSE FROM IRAN FOR ITS LATEST PROPOSAL TO END THE WAR.

2:01 PRESIDENT DONALD TRUMP WAS ASKED ABOUT IT LAST

2:02 NIGHT WHEN HE LEFT THE WHITE HOUSE FOR VIRGINIA.

2:07 LISTEN.

2:08 PRES.

2:09 TRUMP: THEY HAVE NO MILITARY.

2:10 THEY HAVE NOT A LOT LEFT.

2:11 WE WILL SEE WHAT HAPPENS.

2:13 LISA: PRESIDENT TRUMP'S PLAN WILL PROPOSE THAT THE ISLAMIC

2:16 REPUBLIC REOPEN THE STRAIT OF HORMUZ AND THE U.S.

2:18 END ITS BLOCKADE FOR THE NEXT MONTH.

2:21 THE RUSSIA-UKRAINE WHERE WHERE PRESIDENT TRUMP ANNOUNCED A THREE-DAY

2:26 CEASE-FIRE AND A PRISONER SWAP BETWEEN THE TWO NATIONS.

2:29 HE SPOKE ABOUT IT WITH REPORTERS YESTERDAY.

2:33 PRES.

2:34 TRUMP: HE ALSO AGREED TO GIVE 1000 ON EACH SIDE, 1000 PRISONERS BACK.

2:40 THEY WILL BE TRANSFERRED ALMOST IMMEDIATELY, 1000 PRISONERS FROM EACH SIDE.

2:43 THAT'S VERY GOOD.

2:45 RUSSIA, UKRAINE.

2:46 LISA: THE CEASE FIRE WOULD LAST TODAY THROUGH MONDAY COINCIDING

2:51 WITH RUSSIA'S VICTORY DAY CELEBRATION TO MARK THE VICTORY OVER NAZI GERMANY.

2:55 UKRAINE HAS INTENSIFIED STRIKES ON RUSSIA IN THE COMING— IN THE LAST MONTHS.

3:08 DAVID: A LESS EXTRAVAGANT MILITARY DAY PARADE.

3:13 CHRISTINA: THEY ARE SHORT ON MANPOWER AND EQUIPMENT DUE

3:19 TO THE RESOURCES THEY HAVE EXPENDED IN DOOR WITH THE UKRAINE.

3:23 RUSSIA LOST 24 MILLION PEOPLE FIGHTING WORLD WAR II.

3:27 DAVID: SENT, RELEASED IN THE LAST VR SHOW THE U.S.

3:32 FIGHTER JET DISABLING TWO IRANIAN-FLAGGED TANKERS

3:33 WHICH IT SAID WAS VIOLATING THE U.S.

3:36 BLOCKADE OF IRANIAN PORTS.

3:38 MUNITIONS WERE FIRED INTO THE FINALS FOLLOWED BY FLAMES AND LARGE

3:40 PLUMES OF SMOKE AS YOU CAN SEE WATCHING ON TV.

3:43 CHRISTINA: THE ADMINISTRATION SAYS IT IS STILL EXPECTING A REPLY

3:46 FROM TEHRAN ON THE NEWEST TERMS FOR ENDING THE WAR.

3:48 THE ANSWER WAS EXPECTED YESTERDAY.

3:50 WE DON'T KNOW IF IT WAS RECEIVED.

3:52 HERE IS SECRETARY OF STATE MARCO RUBIO FROM ROME FRIDAY.

3:58 SEC.

3:58 RUBIO: WE ARE EXPECTING A RESPONSE FROM THEM.

4:01 THE HOPE IS IT IS SOMETHING THAT COULD

4:03 PUT US INTO A SERIOUS PROCESS OF NEGOTIATION.

4:05 THEIR SYSTEM IS STILL HIGHLY FRACTURED AND DYSFUNCTIONAL.

4:07 THAT MAY BE SERVING AS AN IMPEDIMENT.

4:09 I HOPE IT IS A SERIOUS OFFER, I REALLY DO.

4:13 CHRISTINA: JOINING US ARE TWO MORNING REGULARS.

4:26 JEFF, WE HAVE OBVIOUSLY SOME SERIOUS THINGS TO GET TO.

4:29 THE U.S.

4:29 IS WAITING ON AN OFFER BUT STILL STRIKING IN THE STRAIT.

4:33 THE IRANIAN FOREIGN MINISTER SAID EVERY TIME

4:35 A DIPLOMATIC SOLUTION IS ON THE TABLE THE U.S.

4:37 OPTS FOR A RECKLESS MILITARY ADVENTURE.

4:40 IT IS A CRUDE PRESSURE TACTICS?

4:44 WHAT IS THE STATE OF PLAY AND ARE WE EXPECTING A RESPONSE ANY MINUTE?

4:48 JEFF: AS OF LAST NIGHT THE PRESIDENT AT LEAST WASN'T

4:52 READY TO TELL US THAT A RESPONSE HAD COME IN.

4:54 HE PLAYED THE CLIP EARLIER AS HE WAS LEAVING THE WHITE

4:57 HOUSE AND HE SAID HE WAS EXPECTING A RESPONSE LAST EVENING.

5:02 I HUNG AROUND THE WHITE HOUSE FOR HIS RETURN FROM HIS GOLF AND DINNER,

5:08 AND HE CAME BACK AROUND 10:00-ISH.

5:10 WE SHOT QUESTIONS AT HIM THEN.

5:13 DID YOU GET A RESPONSE?

5:15 HE DIDN'T RESPOND TO THOSE QUESTIONS AND JUST WALKED BY.

5:18 FROM WHAT HE SAID IN SECRETARY RUBIO SAID,

5:23 THAT IS WHAT THEY ARE WAITING FOR AND TBD ON WHAT IT SAYS

5:29 AND IF IRANIANS ARE WILLING TO ENGAGE IN A WAY THE UNITED STATES WANTS.

5:37 THE KNOW YOU MADE ABOUT WHAT THEY

5:39 SAID ABOUT HOSTILITIES IMPACTING THEIR DESIRE TO CONTINUE

5:42 HAS BEEN PART OF THE UPS AND DOWNS BETWEEN THE TWO SIDES SINCE THE WAR BEGAN.

5:47 DAVID: WE HAD THE STATEMENT IN A BLOOMBERG PIECE

5:50 FROM THE FOREIGN MINISTRY IN IRAN SAYING TEHRAN'S RESPONSE IS UNDER REVIEW.

5:53 JEFF WITH THE LATEST ON THE PRESENT HE

5:56 WAS OCCUPIED THIS WEEKEND WITH A NUMBER OF THINGS,

5:58 INCLUDING A GOLF TOURNAMENT IN VIRGINIA.

6:00 WHAT HAVE WE HEARD FROM TEHRAN?

6:02 HOW LIKELY ARE WE TO GET A RESPONSE FROM REPORTING AND THE HOURS AHEAD?

6:11 ABEER: THAT IS THE LATEST COPY WE HAVE,

6:12 THE IRANIAN FOREIGN MINISTRY SPOKESPERSON

6:14 SAYING THE PROPOSAL WHERE PRESIDENT TRUMP

6:18 GAVE IRAN UNTIL YESTERDAY TO RESPOND TO IS STILL UNDER REVIEW.

6:20 IRAN DIDN'T GIVE A TIMELINE TO THE RESPONSE.

6:23 SOMETHING ELSE THAT IS WORTHY OF NOTING HERE.

6:27 WE ARE SUPPOSED TO HEAR FROM THEM IMMINENTLY ABOUT THIS RESPONSE.

6:32 IRAN DID COME OUT OVER THE PAST FEW WEEKS, AND THEY HAVE CALLED THE U.S.

6:35 PROPOSALS THAT HAVE COME THROUGH MAXIMALIST, AND THAT A LOT OF THEM ARE,

6:43 AND I QUOTE SOME OF THE IRANIAN OFFICIALS, SOME OF THE REQUESTS THE U.S.

6:48 IS PUTTING THROUGH OUR "QUITE IMPOSSIBLE." SOME OF THE ESCALATIONS

6:53 YOU MENTIONED AT THE TOP OF THE SHOW,

6:55 THESE ESCALATIONS WE ARE SEEING ACROSS THE STREET OF HORMUZ HAVE

6:58 CAUGHT UP TO WHERE I AM SITTING NOW IN THE UAE,

7:04 DUBAI, ON MONDAY EVENING AT 7:00 P.M.

7:08 WE HAD ABOUT FOUR MISSILE THREAT ALERTS THAT CAME THROUGH OUR PHONES.

7:11 THE DEFENSE MINISTRY CAME OUT LATER AND SAID THAT THOSE WERE

7:18 IRANIAN ATTACKS THAT THE UAE DEFENSE SYSTEM HAD INTERCEPTED.

7:22 ABOUT 15 MISSILES ALL IN ALL AND A FEW DRONES.

7:28 THOSE ESCALATIONS ARE STILL VERY MUCH THERE,

7:32 AND THE FEAR OF THE GULF REGION, BUT THE U.S.

7:37 AND IRAN CAME OUT AND SAID THAT THOSE ATTACKS DON'T VIOLATE

7:41 THE CEASE FIRE CLAUSES THAT HAVE BEEN PUT THROUGH ON APRIL THE.

7:47 FURTHER, THE ESCALATIONS WE SEEN ACROSS THE STRAIT OF HORMUZ HAVE

7:49 SO FAR NOT IMPACTED THE CEASE FIRE THAT IS ALREADY IN PLACE.

7:52 THAT IS A POSITIVE SIGN, BUT YOU ARE SEEING THE MARKET REACTION TO THOSE KINDS

8:00 OF CEASE ALL REQUESTS BEING PUT THROUGH BY EITHER THE U.S.

8:06 SEESAW REQUESTS BEING PUT THROUGH BY EITHER THE U.S.

8:09 OR IRAN.

8:09 ESSENTIALLY BEHAVING IN RESPONSE TO THOSE DIRECT CALLS

8:13 FROM EITHER PRESIDENT TRUMP OR THE IRANIAN SIDE.

8:17 AS YOU MENTIONED, WE ARE WAITING TO SEE THE IRANIAN RESPONSE.

8:19 IT WAS SUPPOSED TO COME OUT YESTERDAY,

8:22 OR THAT IS THE EXPECTATION OF THE TRUMP ADMINISTRATION.

8:25 IT IS STILL NOT OUT YET,

8:28 SOMETHING WE ARE KEEPING A CLOSE EYE ON OVER THE NEXT FEW DAYS.

8:31 CHRISTINA: JEFF, THE WASHINGTON POST REPORT,

8:35 WE'VE BEEN HEARING FROM THE ADMINISTRATION SAYING IRAN IS FEELING THE HURT,

8:38 GETTING CLOSE TO THE BREAKING POINT, THIS HAS BEEN EFFECTIVE.

8:41 THE WASHINGTON POST REPORTS ON CONFIDENTIAL

8:44 INTELLIGENCE ANALYSIS SENT TO THE WHITE HOUSE,

8:47 POLICYMAKERS ARE BEING TOLD THAT IRAN CAN SURVIVE

8:50 FOR THREE TO FOUR MONTHS BEFORE FACING SEVERE ECONOMIC HARDSHIPS.

8:52 DO YOU THINK THAT THAT CHANGES THE CALCULATION?

8:56 THREE OR FOUR MONTHS OF THIS AND THREE OR FOUR MONTHS CLOSER TO NOVEMBER.

9:04 JEFF: RAISES QUESTIONS ABOUT WHAT THE WHITE HOUSE IS SAYING ABOUT THIS AND, B,

9:11 IF IRAN CAN LAST SIGNIFICANTLY LONGER THAN NOW PEOPLE EXPECT IN THE WEST.

9:17 YES, IT COULD DELAY OR EXTEND THIS CONFLICT.

9:19 THE IRANIANS, AT LEAST FROM THE RHETORIC HAVE SUGGESTED THAT THEY

9:27 FEEL THEY ARE IN A STRONGER POSITION THAN THE UNITED STATES.

9:31 PRESIDENT TRUMP HAS BEEN USING RHETORIC,

9:32 SAYING THAT THE WAR IS OVER, THAT THE CONFLICT IS OVER.

9:35 THAT IN PART HAS SOME CONNECTION TO CONGRESS AND THE DEADLINE THAT PASSED THERE.

9:42 THE TRUTH IS, IT HASN'T.

9:43 THERE IS A CEASE-FIRE AND THE CEASE FIRE HAS MORE OR LESS HELD

9:47 WITH THE EXCEPTION OF THE SKIRMISHES THAT HAVE HAPPENED IN THE STRAIT OF HORMUZ.

9:56 IRAN IS NOT— SO FAR,

9:57 UNTIL THE UNITED STATES GETS THAT RESPONSE— SPECIFICALLY STANDING DOWN.

10:02 PRESIDENT TRUMP, DESPITE SAYING THEY WANT A DEAL AND HE WANTS A DEAL COME

10:07 HAS ALSO USED ESCALATORY LANGUAGE TO SAY

10:10 IF A DEAL DOESN'T COME THEN THE STRIKES, THE BOMBS WILL FLOW AND FALL AGAIN.

10:15 AND EVEN MORE INTENSE LEVELS THAN THEY DID BEFORE THE CEASE FIRE.

10:19 DAVID: THE ENERGY STORY IS CRUCIAL AS IT HAS BEEN BEFORE THE WAR.

10:24 VICE PRESIDENT VANCE MET WITH THE QATARI PRIME

10:26 MINISTER THIS WEEK AND THEY TALKED ABOUT REGIONAL SECURITY,

10:28 TALK ABOUT IRAN, TALK ABOUT NATURAL GAS.

10:30 I'M CURIOUS WHAT YOU CAN TELL US

10:33 ABOUT THE LEVEL OF COORDINATION/COOPERATION BETWEEN THE U.S.

10:35 AND THE PRIME MINISTER RIGHT NOW.

10:37 I CAME OUT OF THOSE MEETINGS AND THE DEGREE

10:40 TO WHICH THEY ARE SATISFIED WITH WHAT— WHAT CAME

10:43 OUT OF THOSE MEETINGS AND THE DEGREE TO WHICH

10:45 THEY ARE SATISFIED WITH WHAT CAME OUT OF THEM.

10:48 ABEER: THE MEETING THAT HAPPENED BETWEEN THE U.S.

10:52 VICE PRESIDENT AND QATARI BY WAS ESSENTIALLY WHAT YOU JUST SAID.

10:57 TALKING ABOUT LNG SHIPMENTS THAT ARE— THAT HAVE

11:00 TRADITIONALLY GONE THROUGH THE STRAIT OF HORMUZ.

11:03 A FRACTION OF THAT IS GOING THROUGH.

11:07 SOME SUGGEST THIS IS A REPORT THAT CAME

11:13 UP I BLOOMBERG SUGGESTING SOME OIL AND LNG

11:15 SHIPMENTS ARE GOING THROUGH THE STRAIT OF HORMUZ

11:17 THAT ARE NOT BEING TRACKED BY SHIPPING COMPANIES.

11:25 THAT WE NAMED A FEW COMPANIES, THE BIGGEST IN THE REGION, SAUDI ARAMCO,

11:30 WHERE THEIR SHIPS ARE ESSENTIALLY HAVING

11:31 A LITTLE BIT OF SUCCESS MOVING THROUGH NOW.

11:34 TALKING ABOUT FROM OVER 12 MILLION THINKERS GOING THROUGH THE STRAIT OF HORMUZ—

11:40 TANKERS GOING THROUGH THE STRAIT OF HORMUZ TO 500,000, SO A SMALL FIGURE.

11:48 SOME OF WHAT WE HEARD FROM VANCE AND THE QATARI PRIME MINISTER IS THAT THE U.S.

11:51 AND QATAR ARE STILL KEEPING THOSE RELATIONSHIPS THAT HAVE ENABLED THEM

11:57 IN THE PAST TO ESSENTIALLY CARRY THROUGH THOSE WIDER LNG SHIPMENTS.

12:05 SOMETHING ELSE INTERESTING HERE IS— AND I ALLUDE TO SOME

12:07 OF WHAT YOU MENTIONED BETWEEN THE RELATIONSHIPS BETWEEN GULF COUNTRIES,

12:14 THE UNITED STATES, AND ISRAEL— WE ARE

12:16 SEEING A LITTLE FRICTION BETWEEN GULF COUNTRIES.

12:19 WHEN THE UAE WAS ATTACKED WE SAW A FLOOD OF WORLD LEADERS,

12:26 INCLUDING SAUDI ARABIA,

12:27 EGYPT'S PRESIDENT COMING TO ABU DHABI TO SHOW SOLIDARITY.

12:32 SOMETHING I'VE BEEN HEARING A LOT ABOUT IS,

12:37 POST THIS WAR WHAT HAPPENS TO THIS ALLIANCE IN THE GCC?

12:39 ESPECIALLY IN THE WAKE OF THE UAE LEAVING OPEC?

12:44 WHAT DOES THAT MEAN FOR THE WIDER COOPERATION BETWEEN THE SIX-COUNTRY GCC?

12:53 WE ARE SEEING SIGNS OF FRICTION.

12:55 THAT WAS INTERESTING TO THINK ABOUT ONCE THIS WAR IS OVER, DAVID.

13:01 CHRISTINA: IRAN HAS CREATED THIS PERSIAN

13:04 GULF STRAIGHT AUTHORITY— STRAIT AUTHORITY.

13:06 SOURCES IN THE REGION ARE AFRAID THE U.S.

13:09 WILL LEAVE WITH SOME HALF MEASURE THAT ENABLES IRAN

13:14 TO, IF NOT STOPPED TRAFFIC AND THE STRAIT ALTOGETHER,

13:18 TO TAPER IT, CONTROL IT, BENEFIT, TAX OR TOLL IT.

13:20 I HAVE THE SAME QUESTION FOR BOTH OF YOU.

13:25 WHO IS RUNNING THIS POLICY, AND THE WHITE HOUSE AND IRAN?

13:31 CNN HAS A REPORT THAT IRAN SUPREME LEADER IS STILL SHAPING WAR POLICY,

13:34 BUT WE HAVEN'T SEEN HIM.

13:35 THE IRANIANS ARE SAYING HE IS INCOMPLETE HEALTH.

13:38 DO WE KNOW WHO IS RUNNING THIS ON IRAN'S SIDE OR IS THAT STILL OPAQUE?

13:45 ABEER: YOU ARE RIGHT.

13:47 WE HAVEN'T SEEN HIM.

13:48 A LOT OF REASONS BEHIND WHY WE HAVEN'T SEEN HIM.

13:51 SOME REPORTS EARLIER BY THE WALL STREET JOURNAL,

13:54 WE SPOKE ABOUT THIS, HIS HEALTH CONDITION IS IN TATTERS A LITTLE BIT.

14:00 THAT HE NEEDS PLASTIC SURGERY.

14:02 NONE OF THIS HAS BEEN VERIFIED.

14:06 A LOT OF WHAT WE ARE HEARING FROM THE IRANIAN SIDE

14:09 IS THAT HE IS STILL CALLING THE CALLS BEHIND THE SCENES.

14:12 THIS COLLECTION OF IRANIAN OFFICIALS THAT HAVE BEEN FRONT AND CENTER INCLUDES

14:18 THE FOREIGN MINISTER WHO HAS BEEN IN CHINA MEETING WITH HIS COUNTERPART.

14:24 WE UNDERSTAND THAT MEETING IN CHINA HAS LED

14:29 TO SOME KIND OF RESOLUTION— NOT NECESSARILY A RESOLUTION,

14:31 BUT BREAKTHROUGH IN IRAN COMING BACK TO THE TABLE.

14:35 THE SPOKESPERSON IN THE MINISTRY AND HEAD

14:38 OF THE PARLIAMENT AND MEMBERS OF THE IRGC ARE

14:43 STILL VERY MUCH THE OFFICIALS THAT ARE KEEPING

14:46 TRACK OF THESE CONVERSATIONS HAPPENING AT THE U.S..

14:51 CHRISTINA: SAME QUESTION.

14:54 RUBIO, VANCE, WITKOFF, TRUMP?

14:56 JEFF: ON THE U.S.

14:59 SIDE?

15:00 CHRISTINA: WHO IS DRIVING THE POLICY?

15:02 A COMBINATION OF ALL OF THE ABOVE?

15:07 JEFF: YES, ALTHOUGH WITH ALL THINGS FOREIGN POLICY,

15:09 AND DOMESTIC POLICY, EVERYTHING COMES DOWN TO PRESIDENT TRUMP.

15:14 THIS IS SOMEONE WHO FOLLOWS HIS INSTINCTS.

15:16 WHO CAN SOMETIMES CHANGE HIS MIND ON A WHIM.

15:19 HE HAS LIEUTENANTS.

15:21 CERTAINLY WITKOFF AND KOSHER HAVE BEEN

15:25 HIS TOP LIEUTENANTS IN TERMS OF NEGOTIATION,

15:28 WITH JD VANCE STEPPING IN FOR ONE SET

15:30 OF VERY HIGH-PROFILE TALKS IN PAKISTAN, AS YOU KNOW.

15:32 AT THE END OF THE DAY IT IS PRESIDENT TRUMP DRIVING THIS TRAIN.

15:40 IT IS PRESIDENT TRUMP DECIDING WHEN HE IS READY TO END

15:46 AND DECIDING WHETHER OR NOT TO ISSUE ADDITIONAL THREATS OR BD ESCALATORY.

15:52 OR BE DE-ESCALATORY.

15:57 DAVID: HE HAS DONE BOTH.

15:58 WHAT DO YOU MAKE OF THIS COMING ABOUT,

16:00 THE HOPE THAT THAT COULD BE EXTENDED FURTHER?

16:06 JEFF: I ACTUALLY ASKED PRESIDENT TRUMP THAT LAST

16:07 NIGHT AS HE WAS LEAVING THE WHITE HOUSE.

16:09 HE SAID IT WAS POSSIBLE THAT CEASE-FIRE BETWEEN THE TWO COULD BE EXTENDED.

16:15 I DON'T KNOW IF THAT IS BASED IN ANYTHING BEYOND OPTIMISM,

16:18 BUT IT WAS INTERESTING HE ANNOUNCED THIS.

16:23 IN PART BECAUSE THE RUSSIA-UKRAINE WAR,

16:25 WE KNOW IT IS STILL GOING ON AND VERY INTENSE,

16:28 HAS GOTTEN A LOT LESS ATTENTION OVER THE LAST SEVERAL WEEKS FROM THE SIDE

16:31 OF THE POND AS PRESIDENT TRUMP HAS FOCUSED ON THE IRAN WAR.

16:38 HE PORTRAYED IT AS A HOPEFUL SIGN AND SOMETHING THAT EITHER COULD BE EXTENDED

16:41 OR COULD LEAD TO A BROADER AGREEMENT AT SOME POINT BETWEEN THOSE TWO SIDES.

16:47 CHRISTINA: ABEER ABU OMAR AND JEFF MASON, THANK YOU BOTH SO MUCH.

16:52 DAVID: BACK TO THE PARADE AND THE IMPORTANCE OF THIS HOLIDAY.

16:58 YOUR SENSE ON IF THIS COULD BE EXTENDED?

17:02 OUR FOCUS HAS NOT BEEN SQUARELY ON WHAT IS HAPPENING IN THE MIDDLE EAST,

17:05 BUT ALSO UKRAINE AS WELL.

17:06 SOME INDICATION THIS MIGHT BE LASTING?

17:10 CHRISTINA: I DON'T KNOW ANYTHING YOU HAVEN'T SEEN, BUT IT'S INTERESTING.

17:12 THE BBC REPORTER WHO HAS BEEN IN MOSCOW FOREVER DID

17:17 A BIG PIECE LAST WEEK ABOUT HOW THE SEA CHANGE IN RUSSIA

17:22 IS BEING FELT IN THE POPULATION IS FUELING THE WAR

17:25 AND PUTIN IS UNDER MORE PRESSURE TO BRING IT TO A CLOSE.

17:28 THIS IS A GOOD SIGN THAT PERHAPS HE IS WILLING TO NEGOTIATE.

17:32 HE IS PROBABLY STILL NOT WILLING TO CAPITULATE ON THE RED

17:36 LINES THAT UKRAINE SAYS ARE THEY ARE RED LINES.

17:37 WITHOUT SOMEONE LIKE THE U.S.

17:37 FORCING THAT TO HAPPEN, I DON'T KNOW WHERE THEY GO?

17:41 DAVID: COMING UP, LOCAL ELECTIONS POSING A KEY TEST FOR THE U.K.

17:47 PRIME MINISTER.

17:48 WHAT WILL IT MEAN FOR THE FUTURE OF KEIR STARMER'S LABOUR PARTY?

17:51 THAT IS COMING UP ON BLOOMBERG TV,

17:55 BLOOMBERGRADIO.COM A BLOOMBERG.COM, AND THE BLOOMBERG BUSINESS APP.

18:02 LISA: THANK YOU FOR JOINING US ALIVE.

18:06 AN UPDATE.

18:08 FRONTIER AIRLINES SAYS THAT A PEDESTRIAN WAS STRUCK BY A PLANE

18:12 LEAVING TO DENVER INTERNATIONAL AIRPORT LAST NIGHT ON THE RUNWAY.

18:18 IT FORCED THE PILOTS TO ABORT TAKEOFF.

18:22 SMOKE FILLED THE CABIN.

18:23 IT WAS CARING FOR HUNDRED 24 PASSENGERS, SEVEN CREW MEMBERS.

18:26 NO WORD ON THE CONDITION OF THE PERSON HIT BY THE PLANE.

18:30 A NATIONAL REDISTRICTING BATTLE OVER U.S.

18:32 HOUSE SEATS SWUNG TOWARDS REPUBLICAN.

18:36 A VIRGINIA COURT INVALIDATED A GERRYMANDERING EFFORT.

18:38 REPUBLICANS IN ALABAMA APPROVED PLANS FOR NEW PRIMARY ELECTIONS IF COURTS

18:43 ALLOW GOP HOUSE DISTRICTS TO BE USED IN NOVEMBER MIDTERM ELECTIONS.

18:46 PROTESTS TOOK PLACE AT THE ALABAMA STATE HOUSE.

18:49 REPUBLICAN LAWMAKERS IN LOUISIANA AND SOUTH CAROLINA FACED OPPOSITION

18:54 AS THEY PRESENTED PLANS TO REDRAW THEIR CONGRESSIONAL DISTRICTS.

18:56 THE U.S.

18:57 MILITARY STRUCK ANOTHER ALLEGED DRUG TRAFFICKING

19:00 BOAT AT THE EASTERN PACIFIC OCEAN.

19:02 TWO MEN WERE KILLED, ONE SURVIVED.

19:05 THE U.S.

19:06 SOUTHERN COMMAND SAID IT IMMEDIATELY NOTIFY THE U.S.

19:08 COAST GUARD TO ACTIVATE THE SEARCH-AND-RESCUE SYSTEM FOR THE SURVIVOR.

19:11 THE PENTAGON STARTED RELEASING HUNDREDS MORE DECLASSIFIED

19:16 FILES LINKED TO DECADES OF UFO SIGHTINGS.

19:17 THEY SAY THE MOVE ALLOWS AMERICANS TO STUDY

19:22 THE MATERIAL AND DECIDE FOR THEMSELVES IF ALIENS ARE REAL.

19:25 IT IS PART OF A PUSH FROM THE TRUMP

19:28 ADMINISTRATION TO PROVIDE MORE TRANSPARENCY TO THE PUBLIC.

19:29 DAVID: YOU HAVE TO LOOK AT THIS CACHE OF DOCUMENTS.

19:34 CHRISTINA: DO YOU BELIEVE IN ALIENS?

19:37 DAVID: THAT IS A CONVERSATION FOR ANOTHER TIME, BUT I WILL DIG THROUGH THOSE.

19:41 CHRISTINA: SOMEONE THIS MORNING WAS SAYING DON'T GO THROUGH THEM

19:45 BECAUSE YOU WILL GET STUCK BECAUSE THEY ARE SO INTERESTING.

19:47 COMMIT SOME TIME BECAUSE IT IS LIKE A RABBIT HOLE.

19:50 THEY ARE VERY COOL.

19:52 MONDAY OR TUESDAY OFF, I WILL BE DOING THAT.

19:55 U.S.

19:55 LOOKS TOWARDS NOVEMBER'S MIDTERMS.

19:57 THE U.K.

19:58 JUST WRAPPED PIVOTAL VOTE THAT COULD PUT PRIME

20:00 MINISTER KEIR STARMER'S PARTY AND JOB AT RISK.

20:03 DAVID: JOINING US FROM LONDON IS THE ANGER OF DAYBREAK LONDON.

20:09 LET'S START WITH THE BASIC QUESTION N.

20:13 IS THERE AN AMERICAN ANALOG TO WHAT TOOK PLACE IN THE U.K..

20:21 THESE ARE COUNCIL ELECTIONS.

20:22 SITUATE THAT IN THE BROADER— CHRISTINA: USE SMALL WORDS, PLEASE.

20:27 IT IS LUNCHTIME HERE IN LONDON.

20:29 THE COUNCIL ELECTIONS ARE FOR AUTHORITIES THAT LOOK

20:35 AFTER THINGS LIKE RUBBISH COLLECTION ACROSS LOCAL REGIONS

20:39 IN ENGLAND BUT THEY ALSO HAVE RESPONSIBILITIES

20:41 FOR THINGS LIKE CARING FOR THE ELDERLY AND DISABLED.

20:45 ELECTIONS HAVE ALSO ENCOMPASSED REGIONAL ELECTIONS IN THE REGIONS OF THE U.K..

20:48 THE U.K.'S MADE UP OF FOUR DIFFERENT PARTS.

20:51 SCOTLAND, ENGLAND, WALES, NORTHERN IRELAND.

20:54 THERE WERE VOTES FOR THE PARLIAMENT TO HAVE DEVOLVED PATHS.

20:59 EDUCATION THEY CAN DO, THEY HAVE THEIR OWN LEGAL SYSTEM.

21:03 THEY HAVE SEPARATE PARLIAMENTS IN WALES AND SCOTLAND.

21:06 THERE WERE VOTES FOR THOSE TWO.

21:11 MIDTERMS, NO.

21:12 POLITICAL WATCHERS IN THE U.K.

21:14 HATE THAT TERM.

21:15 THE ANALOG IS THAT WE ARE HALFWAY THROUGH THIS TERM FOR THE LABOUR

21:21 PARTY THAT GOT INTO POWER IN 2024 IN A LANDSLIDE ELECTION.

21:24 KEIR STARMER BEING THE PRIME MINISTER.

21:26 WE ARE HALFWAY THROUGH THAT PARLIAMENTARY TERM.

21:30 THAT IS THE READ ACROSS.

21:32 THIS IS A JUDGMENT ON THE LABOUR PARTY HALFWAY THROUGH ITS TERM.

21:36 THE OTHER REASON THAT I THINK IT IS MASSIVELY IMPORTANT— AND A LOCAL ELECTIONS,

21:42 I WILL SAY HONESTLY, ARE OFTEN NOT THAT IMPORTANT.

21:47 THIS TIME AROUND, WE ARE SEEING MAY BE THE END, ONCE AND FOR ALL,

21:53 OF WHAT HAS BEEN A TWO-PARTY SYSTEM BETWEEN LABOUR AND THE CONSERVATIVES

21:55 BECAUSE WE HAVE HAD A SURGE FOR MORE POPULIST-THAI PARTIES LIKE REFORM U.K.,

22:00 THE GREENS, THE NATIONALISTS.

22:02 THAT IS WHY IT IS IMPORTANT.

22:08 CHRISTINA: IS THAT THE BIG DEAL, THEY ARE NOT ELECTING PARLIAMENTARY SEATS.

22:13 IT'S NOT LIKE HE HAS LOST CONTROL OF HIS GOVERNMENT, NECESSARILY.

22:17 BUT IT LOOKS BAD.

22:18 I'VE HEARD TWO ANALYSIS.

22:20 ONE IS THAT IT IS LOCAL ELECTIONS, OVERBLOWN,

22:23 PEOPLE ARE MAKING A BIG DEAL OUT OF IT.

22:27 IF THIS WHERE ONE PARTY OR A THIRD PARTY BLOWING

22:30 OUT EVERY LOCAL MAYORAL STATE SENATE SEAT IN THE U.S.,

22:34 THAT IS SOMETHING WE WOULD TALK ABOUT BECAUSE THE WINDS

22:36 HAVE CHANGED IN THE PRESSURE ON THE TWO DOMINANT PARTY.

22:39 WHAT IS YOUR TAKE?

22:40 CAROLINE: I THINK IT IS HUGELY IMPORTANT AND YOU ONLY HAVE TO LOOK

22:44 AT WHAT IS HAPPENING TODAY TO UNDERSTAND

22:47 HOW MUCH PERIL THE PRIME MINISTER IS IN.

22:49 SINCE CHRISTMAS KEIR STARMER HAS BEEN UNDER ENORMOUS PRESSURE.

22:52 THE LABOUR PARTY IS DEEPLY ON— A DEEPLY UNPOPULAR.

22:58 THE PRIME MINISTER EVEN IT IS MORE UNPOPULAR.

23:02 IF YOU LOOK AT POLLING 78% OF PEOPLE IN BRITAIN THINK THE U.K.

23:06 ECONOMY IS GOING TO GET WORSE OVER THE NEXT 12 MONTHS.

23:11 VOTERS ARE VERY DISSATISFIED.

23:14 THIS MORNING, THE PRIME MINISTER IS HAVING TO SHORE UP HIS LEADERSHIP.

23:19 THERE HAVE BEEN RUMORS THAT HE WOULD FACE A CHALLENGE

23:24 FROM ANOTHER ONE OF HIS MPS FOR THE LEADERSHIP ROLE.

23:25 THAT HASN'T HAPPENED SO FAR.

23:31 KEIR STARMER HAD TO BRING IN THE FORMER PRIME MINISTER,

23:32 FORMER CHANCELLOR GORDON BROWN AS AN ADVISOR ON GLOBAL— CHRISTINA:

23:39 GORDON BROWN IS BACK IN OUR LIVES AGAIN?

23:44 [LAUGHTER] CAROLINE: THE MAN WHO BASICALLY GOT BRITAIN

23:50 THROUGH THE 2007-2008 FINANCIAL CRISIS IS BACK.

23:53 HE EFFECTIVELY HAS A MANDATE TO DO SOMETHING THE CHANCELLOR HAS TRIED TO DO,

23:58 TO IMPROVE BRITAIN'S FINANCIAL RELATIONSHIPS WITH THE WORLD

24:01 WITH A PARTICULAR FOCUS ON EUROPE.

24:03 THAT IS GOING TO BE QUITE DIFFICULT FOR VARIOUS REASONS,

24:07 BUT SHOWS THE LEVEL OF PERIL.

24:10 YOU ALSO HAVE HAD 30 MPS COMING OUT,

24:12 SAYING THAT THEY WANT A TIMETABLE FOR WHEN KEIR STARMER IS GOING TO GO.

24:16 THAT IS THE LEVEL OF PRESSURE.

24:18 THE THING WE HAVEN'T HAD IS ANY CHALLENGES COMING FORWARD.

24:25 WE KNOW ANDY BURNHAM, THE MAYOR IN MANCHESTER, THE HEALTH SECRETARY,

24:30 THE FORMER DEPUTY LEADER UNDER KEIR STARMER HAD TO RESIGN BECAUSE OF A TAX

24:34 ISSUE— ALL OF THOSE CANDIDATES ARE IN THE MIX AS POTENTIAL NEW LEADERS.

24:40 WE ARE SORT OF STILL IN THAT PROBLEMATIC PERIOD FOR U.K.

24:44 POLITICS OF MAY BE LOSING LEADERS QUICKLY, ONE AFTER ANOTHER.

24:46 THE ECONOMIC CHALLENGES THAT BRITAIN HAS COME IN EITHER

24:52 THE TORIES NOR LABOUR HAVEN'T REALLY SOLVED THEM.

24:56 DAVID: THE PRESSURE KEIR STARMER IS UNDER, HOW HE IS PROCESSING THESE RESULTS.

25:02 TELL US HOW NIGEL FARAJ MIGHT BE THINK ABOUT WHAT HAPPENED.

25:08 HE HAS THE REFORM PARTY THAT DID QUITE WELL.

25:10 THE GREEN PARTY I THINK DID BETTER THAN A LOT OF FOLKS EXPECTED.

25:12 MOVING AWAY FROM THE DUEL PARTY SYSTEM TO SOMETHING DIFFERENT.

25:16 HOW DOES THIS CHANGE THE CALCULUS FOR NIGEL FARAJ AND OTHERS?

25:23 CAROLINE: NIGEL FARAJ IS THE REFORM U.K.

25:25 PARTY THAT WAS NONEXISTENT IN 2022.

25:26 HE HAD THE BOUT OF LOCAL ELECTIONS.

25:29 HE SAYS IT IS A HISTORIC SHIFT IN BRITISH POLITICS, REALLY MAKING HAY.

25:33 THERE HAS BEEN A HUGE SWING TO REFORM U.K.

25:37 IN TERMS OF THE NUMBER OF PARTIES, THE NUMBER OF COUNCIL SEATS THEY HAVE GAINED.

25:49 MORE THAN 1440 SEATS.

25:51 THE LABOUR PARTY HAS LOST ABOUT 1400.

25:53 REFORM CAME IN WITH THE SAME NUMBER

25:55 OF SEATS IN THE PARLIAMENTARY ELECTION IN SCOTLAND.

25:56 THEY HAVE COME IN SECOND IN WALES AS WELL.

26:02 THIS IS A REALLY BIG STEP FORWARD FOR REFORM U.K..

26:08 WE KNEW THEY WOULD DO WELL.

26:11 THEY HAVE BEEN POLLING WELL,

26:12 PULLING AHEAD OF THE LABOUR PARTY AND CONSERVATIVES FOR ABOUT A YEAR IN THE U.K.

26:15 WE KNEW THE REFORM WOULD DO WELL.

26:20 I THINK THE ISSUE TO THINK ABOUT WITH REFORM U.K.,

26:25 AND I HAVE INTERVIEWED NIGEL FARAJ IN THE PAST,

26:28 THEY ARE NOT FIGHTING THIS ELECTION ON THE BIG

26:28 ISSUES THAT BRITAIN FACES IN TERMS OF THE ECONOMY.

26:32 THEY ARE STILL BUILDING OUT THEIR ECONOMIC POLICIES.

26:36 THEY ARE FIGHTING THIS ELECTION AS A PROTEST VOTE, AN ANTI-IMMIGRANT PARTY,

26:43 SOMEONE WHO CAN ANSWER THE LOCAL ISSUES THAT PEOPLE FEEL THEY HAVE.

26:49 YES, THEY ARE MAKING HAY, BUT I THINK THERE WILL BE QUESTIONS ABOUT HOW

26:54 THEY PERFORM IN THE NEXT GENERAL ELECTION, IN 2029.

26:59 NOW THAT THEY HAVE SO MANY COUNSELORS THEY

27:02 WILL BE JUDGED ON THEIR PERFORMANCE IN THE LOCAL

27:05 COUNCILS AND ACTUALLY DELIVERING ANYTHING WHEN COUNCIL

27:07 BUDGETS ARE UNDER MASSIVE PRESSURE WILL BE DIFFICULT.

27:11 YOU HAVE TO SAY THAT REFORM HAVE DONE EXTREMELY WELL.

27:14 THE GREENS HAVE DONE EXTREMELY WELL.

27:17 IT LOOKS LIKE THEY MAY BE IN CONTENTION IN TERMS OF TALKS WITH CLYDE& CO.

27:23 MURRAY IN WALES IN THE S&P IN SCOTLAND.

27:26 THERE MAY BE BOLSTERING BETWEEN THOSE TWO PARTIES IN THE PARLIAMENTS THERE.

27:30 THE PASS LEGISLATION.

27:36 THOSE CHALLENGER PARTIES HAVE DONE WELL.

27:38 WE ARE SEVEN PARTY SYSTEM IN THE U.K.

27:42 NOW.

27:42 CHRISTINA: WE WANT TO BROADEN OUT A LITTLE

27:44 BIT SINCE YOU ARE THE DAYBREAK EUROPE ANCHOR.

27:46 THERE WAS A MOMENT WHEN RIGHT-WING POPULIST PARTIES WERE LOOKING LIKE THEY

27:53 WERE GAINING MOMENTUM ACROSS EUROPE AND NIGEL FARAJ IS IN THAT VEIN.

27:57 WE HAVE SEEN ENTRENCHED RIGHT-WING LEADERS TAKE A STEP BACK.

28:03 THE GERMAN PARTY AND MARINE LE PEN'S PARTY

28:05 AND THE NEW HUNGARIAN PRIME MINISTER IS BEING SWORN IN TODAY.

28:08 I KNOW IT'S A LOT TO EXTRAPOLATE

28:11 LOCAL COUNCIL ELECTIONS TO THE BROADER EUROPEAN REGION,

28:14 BUT WHERE ARE THE WINDS GOING WITH THOSE TRENDS AS WE

28:17 GO INTO A SERIES OF ELECTIONS THIS FALL THROUGHOUT THE CONTINENT?

28:21 CAROLINE: LOOK, IT REFORM U.K.

28:23 IN THE RIGHT WING PARTIES HAVE ALWAYS TRIED

28:26 TO SLIGHTLY DISTANCE THEMSELVES FROM WHAT IS HAPPENING IN EUROPE.

28:29 ALTHOUGH NIGEL FARAJ IS CLOSE TO PRESIDENT TRUMP,

28:33 HE HAS TRIED TO DISTANCE HIS MOVEMENT FROM THAT.

28:39 I THINK EUROPE AND THE U.K.

28:42 DO FACE A HUGE ECONOMIC CHALLENGE.

28:44 HOW TO BRING THAT GROWTH.

28:46 HOW TO BRING ECONOMIC PROSPERITY.

28:48 HOW TO BRING JOBS AND BETTER LIVING STANDARDS.

28:52 THAT'S WHY YOU ARE SEEING THIS FRAYING OF THE POLITICAL LANDSCAPE.

28:57 THAT IS AS TRUE IN BRITAIN AS IN EUROPE.

29:02 THE QUESTION IS IF THOSE POPULIST PARTIES CAN DELIVER.

29:06 THEY HAVE AT A LOT OF TESTS

29:07 IN EUROPEAN COUNTRIES WHERE THEY HAVE BEEN PUSHED BACK.

29:08 WE WILL HAVE TO SEE WHAT THE U.K.

29:10 DOES.

29:10 CHRISTINA: WE WILL HAVE TO LEAVE IT THERE, BUT PLEASE, COME BACK.

29:17 WE APPRECIATE IT.

29:20 DAVID: THE FIRST MONDAY OF MAY IS ICONIC AT THE METROPOLITAN MUSEUM

29:24 OF ART WHEN CELEBRITIES AND FASHION DESIGNERS TO SEND FOR THE MET GALA,

29:28 SHOWING OFF OUTFITS WHILE DONATING MILLIONS TO THE COSTUME INSTITUTE.

29:31 CHRISTINA: WE ATTENDED THE RED CARPET.

29:34 IT WAS QUITE THE SCENE SEEING THE FASHIONISTAS AND CELEBRITIES

29:38 AND INTERVIEWING A FEW WHO STOPPED BY OUR CAMERA.

29:42 WHAT YOU THINK ABOUT WOMEN PUTTING THINGS ON THEIR BODIES.

29:46 I THINK IT IS WHATEVER WOMEN FEEL MAKES THEM MORE CONFIDENT.

29:49 OBVIOUSLY EVERYONE IS GOING TO HAVE THEIR OPINION.

29:53 EVERYONE DOES IN THE PUBLIC EYE, BUT I HAVE NEVER ALTERED THE WAY I DRESS.

30:02 THIS IS A NOT-FOR-PROFIT.

30:07 I THINK SUCH A RESPONSE AND OPPORTUNITY IN MOMENTS OF POLITICAL UPHEAVAL.

30:13 I THINK AS ARTISTS WE REALLY SET THE TONE AND BALANCE THINGS OUT.

30:21 WHAT IS YOUR BIGGEST CONCERN ABOUT THE FUTURE OF BUSINESS?

30:24 WHERE DO YOU START?

30:26 AI.

30:27 HAVING OPPORTUNITIES AT ALL.

30:29 IT'S— I DON'T WANT TO SAY IMPOSSIBLE TIME.

30:35 IT IS A DIFFICULT TIME.

30:39 IS ALREADY INHERENTLY POLITICAL?

30:43 DAVID: WE WILL PLAY A BIT OF OUR INTERVIEW

30:45 WITH IT THE DIRECTOR OF THE METROPOLITAN MUSEUM OF ART.

30:49 CHRISTINA: WE GOT TO GO ON A WEDNESDAY WHEN IT WAS CLOSED.

30:51 DAVID: I HAD NEVER DONE THAT BEFORE.

30:54 HE WAS FASCINATING.

30:55 TALKING ABOUT THE ECONOMICS OF RUNNING A MUSEUM LIKE THIS IN NEW YORK,

30:59 THE IMPORTANCE OF THIS EVENT, BUT THEY HAD FREE REIGN.

31:02 WAS IT TOO MILLION SQUARE FEET?

31:05 CHRISTINA: YOU COULD HEAR THE ECHO IN THE SCULPTURE GALLERY.

31:10 IT WAS A SINGULAR EXPERIENCE.

31:12 KOREAN CULTURE IS TAKING THE WORLD BY STORM.

31:15 WE WILL TALK TO THE HOST OF A NEW SERIES K EVERYTHING.

31:24 COMING UP ON BLOOMBERG "THIS WEEKEND," HIS ENTIRE EXPERIENCE,

31:26 INCLUDING REALLY BIG SNAILS.

31:28 WE WILL BE RIGHT BACK.

31:35 LISA: THANK YOU FOR JOINING US.

31:38 UPDATING ON TODAY'S TOP STORIES.

31:40 HUNGARY'S NEXT PRIME MINISTER WILL BE SWORN IN TODAY,

31:46 WORKING TO END VIKTOR ORBAN'S 16-YEAR RULE.

31:48 HE IS A FORMER INSIDER WHO VOWED TO ATTACK CORRUPTION

31:52 AND UNLOCK FROZEN EUROPEAN FUNDS TO BOOST HUNGARY'S ECONOMY AND REPAIR

31:55 THE TIES WITH THE EU AND RESTORE HUNGARY'S PLACE AMONG

31:58 WESTERN DEMOCRACIES AS EARLY AS THE END OF THE DECADE.

32:00 HE IS EXPECTED TO SPEAK LATER THIS MORNING.

32:03 THE CANVAS SYSTEM IS BACK ONLINE AFTER A CYBER ATTACK DISRUPTED

32:09 SCHOOLS AS TENS OF THOUSANDS OF STUDENTS WERE STUDYING FOR FINAL

32:14 EXAMS SETTING OFF PANIC AND CONFUSION AS STUDENTS AND FACULTY MEMBERS

32:21 WHO RELY ON THE PLATFORM TO MANAGE GRADES AND ACCESS ASSIGNMENTS.

32:23 THE PGA TOUR IS HOLDING TWO EVENTS IN CHARLOTTE, NORTH CAROLINA.

32:32 THE TOP OF THE LEADERBOARD IS NINE UNDERPAR.

32:34 THE ONE FLIGHT MYRTLE BEACH CLASSIC IN SOUTH

32:44 CAROLINA— I AM KILLING IT ENGULFS TODAY.

32:46 THE PLAYOFFS, THIS IS MORE MY ALLEY.

32:53 THE KNICKS ARE LEADING THE PHILADELPHIA 76ERS.

32:57 NEW YORK WILL HAVE THEIR CHANCE HEAR THE PISTONS

32:59 AND THE CAVALIERS AS WELL AS THE THUNDER AND THE LAKERS.

33:01 THEY PLAY GAME THREE TODAY.

33:05 DAVID AND CHRISTINA?

33:07 DAVID: FROM FILM THE TELEVISION TO MUSIC, EVEN FOOD, HEALTH, AND BEAUTY,

33:12 KOREAN CULTURE IS SEEING A SURGE IN POPULARITY IN AMERICA AND AROUND THE WORLD.

33:18 CHRISTINA: A SERIES STARRING DANIEL DAY KIM CAPTURES THE K-POP PHENOMENON.

33:21 HERE IS A PREVIEW.

33:25 I DON'T KNOW, BUT WHEREVER WE ARE GOING, I WANT TO BE WEARING THIS HAT.

33:28 I HAVE TO SAY, IT IS ONE OF THE CLEANEST FACTORIES THAT I'VE EVER SEEN.

33:37 IN KOREA, YOU ARE THE FIRST PERSON TO DISCOVER THIS?

33:43 CAN WE SEE?

33:45 WOW.

33:45 [LAUGHTER] IT IS JUST A LOT OF IT.

33:57 CHRISTINA: THE HOST AND EXECUTIVE PRODUCER OF K

34:01 EVERYTHING AND SNAIL AFICIONADO DANIEL DAY CAM IS HERE.

34:03 PLEASE DESCRIBE WHAT WE WERE SEEING ON THE SCREEN.

34:08 DANIEL: YOU SAW KING SNAILS.

34:11 THEY ARE USED TO PRODUCE— FOR THE SNAIL MUCIN,

34:17 THE TRAIL THEY LEAVE BEHIND AS THEY WALK PLACES.

34:23 THAT IS USED IN COSMETIC PRODUCTS.

34:26 WE WENT TO THE FACTORY WHERE IT IS HARVESTED FROM THE KING SNAILS.

34:33 CHRISTINA: I HAVE USED THAT PRODUCT.

34:37 I THOUGHT THAT IT WAS A SYNTHETIC FACSIMILE.

34:40 DANIEL: THE REAL THING.

34:42 I HAD THE PRIVILEGE OF HAVING THE SNAILS ON MY HAND CRAWLING AROUND.

34:47 THEY ARE BIG FOR THE AUDIO LISTENERS.

34:48 THEY ARE A GOOD FOUR INCHES LONG.

34:55 AFTER I TOOK THE SNAIL OFF MY HAND AND MY HAND DRIED, IT WAS NOTICEABLY SOFTER.

35:01 CHRISTINA: REALLY?

35:02 DANIEL: IT REALLY WAS.

35:04 I AM PROOF THAT THIS STUFF ACTUALLY HAS AN EFFECT.

35:06 DAVID: TELL US ABOUT THE GENESIS OF THE SHOW.

35:11 WHY DID YOU DECIDE TO FOCUS ON KOREAN CULTURE?

35:15 DANIEL: I HAD BEEN NOTICING HOW PROMINENT KOREAN CULTURE

35:18 HAS BECOME OVER THE LAST 10 TO 15 YEARS.

35:20 IN AREAS LIKE DRAMA, SOMETHING THAT I'M CLOSE TO.

35:23 I HAVE BEEN WATCHING MOVIES LIKE PARASITE WHEN THE OSCARS,

35:30 SQUID GAME BECOMING NETFLIX'S MOST-WATCHED,

35:33 KPOP DEMON HUNTERS BECOMING NETFLIX'S MOST-WATCHED MOVIE.

35:35 IT WAS STARING ME IN THE FACE.

35:39 I REALIZED, NOT ONLY IS IT DRAMA, IT IS FOOD, BEAUTY, MUSIC OF COURSE.

35:43 EVERYONE KNOWS K-POP.

35:44 I THOUGHT IT WAS A PERFECT TIME TO SHOWCASE THIS CULTURE TO THE WORLD.

35:50 CHRISTINA: DID YOU NOT HAVE ENOUGH JOBS COMING UP TO DO MY JOB?

35:54 I WAS WATCHING THIS LAST NIGHT GETTING AGGRESSIVELY

35:56 JEALOUS BECAUSE YOU TALKED TO SO MANY FUN PEOPLE.

36:00 ONE OF MY FAVORITE SEGMENTS WAS ON K BEAUTY.

36:03 EXPLAIN, IT IS LIKE YOU DO YOUR RESUME IN KOREA

36:06 A LOT OF THE TIMES IT INCLUDES A PHOTO.

36:09 I HAVE KNOWN YOU FOR— I DON'T LIKE TO GIVE

36:12 YOU COMPLIMENTS— BUT OTHER PEOPLE FIND YOU TO BE VERY ATTRACTIVE.

36:14 THE AMOUNT OF PHOTO SHOPPING THAT THEY DID ON YOUR FACE

36:19 TO MAKE IT ACCEPTABLE FOR A RESUME IS TERRIFYING.

36:21 THIS IS A STANDARD THING?

36:23 DANIEL: IT IS.

36:25 IT IS NO LONGER REQUIRED,

36:28 BUT FOR A WHILE THE EMPLOYERS WERE REQUIRING A PHOTO TO GO WITH YOUR RESUME.

36:31 KOREANS WOULD START TO STRETCH THE BOUNDARIES OF WHAT THEY ACTUALLY LOOKED LIKE.

36:38 YOU CAN GO TO THESE PHOTO BOOTH PLACES AND ASK FOR LEVELS OF RETOUCHING.

36:43 ONE IS LIKE K-POP GODDESS.

36:45 WHAT THEY DO IS THEY WILL RETOUCH NOT ONLY YOUR SKIN,

36:51 BUT THEY WILL MAKE YOUR EYES SYMMETRICAL, THEY WILL CHANGE YOUR JAWLINE SUBTLY,

36:54 THEY WILL FIX A CROOKED SMILE, WHITEN YOUR TEETH.

36:57 IT IS NOT SO DRASTIC THAT IT IS NOT YOU,

37:02 BUT THEY CALL IT THE BEST VERSION OF YOU.

37:06 [LAUGHTER] DAVID: YOU MAKE THE SERIES AND I

37:09 IMAGINE YOU ARE WRESTLING WITH WHY KOREAN CULTURE

37:13 SEEMS TO BE SO RESIDENT GLOBALLY

37:17 AND AT THIS MOMENT— RESONANT GLOBALLY AND AT THIS MOMENT?

37:21 DANIEL: KOREA CAME FROM A POVERTY AND WAR STRICKEN NATION A FEW

37:25 GENERATIONS AGO TO ONE OF THE MOST MODERN IN THE WORLD.

37:28 I THINK IT HAS SOMETHING TO DO

37:30 WITH THE COMPETITIVE NATURE AND PRIDE OF THE KOREAN PEOPLE.

37:35 BOTH OF THOSE THINGS ARE POSITIVES AND NEGATIVES.

37:38 ONE OF THE THINGS I DID AT THE END

37:41 OF EVERY INTERVIEW WAS ASKED THE INTERVIEW SUBJECTS,

37:43 WHAT ARE FIVE BOARDS YOU WOULD USE TO DESCRIBE THE KOREAN SOCIETY?

37:46 EVERYONE SAID COMPETITIVE.

37:52 THAT COMPETITIVE NATURE, THAT DRIVE,

37:55 PROPELS THEM TO SUCCEED IN SUCH A SHORT, COMPRESSED TIME.

38:00 AT THE SAME TIME, IT CAN MAKE IT DIFFICULT TO LIVE

38:03 THERE IF YOU ARE FALLING BEHIND OR PERCEIVED TO BE FALLING BEHIND.

38:05 CHRISTINA: TALK US THROUGH THE OTHER EPISODES.

38:08 THE YOU DID ONE ON K-POP, K BEAUTY,

38:13 WHAT WAS THE BREADTH AND WHAT WAS YOUR FAVORITE ONE?

38:16 DANIEL: THEY WERE ALL PRETTY COOL.

38:19 BECAUSE I AM A STRANGER IN A STRANGE LAND WHEN IT COMES

38:23 TO K-BEAUTY THAT IS THE ONE I HAD THE MOST FUN WITH.

38:26 I WENT TO A WELL-KNOWN DERMATOLOGIST AND I UNDERWENT

38:30 A PROCEDURE WHERE SHE INJECTED SALMON SPERM INTO MY FACE.

38:34 CHRISTINA: HOW WAS THAT?

38:37 DANIEL: INTERESTING.

38:38 I HAD HEARD HORROR STORIES OF PEOPLE DOING LASER TREATMENTS.

38:41 YOU DO THEM AND YOU CANNOT BE SEEN FOR WEEKS BECAUSE YOU LOOK LIKE A ZOMBIE.

38:45 KOREA'S TECHNIQUES ARE SO ADVANCED THAT THEY GIVE YOU THE TREATMENTS

38:48 AND YOU CAN GO ABOUT YOUR BUSINESS AS SOON AS YOU ARE FINISHED.

38:53 THEY ARE RELATIVELY PAINLESS AND QUICK AND CHEAP.

38:58 THEY ARE SUPER CHEAP RELATIVE TO THE UNITED STATES.

39:05 SO, BEAUTY, COSMETICS TOURISM IS ACTUALLY ON THE RISE.

39:10 THERE IS ONE REGION WHERE— ONE PART OF THE CITY

39:15 WHERE ALL OF THE PLASTIC SURGERY CLINICS ARE.

39:18 YOU WALK DOWN THE STREET AND SOMETIMES YOU LOOK LIKE YOU ARE ON THE SET

39:22 OF WALKING DEAD BECAUSE EVERYONE IS IN BANDAGES

39:24 WALKING DOWN THE STREET AND SITTING IN CAFES.

39:29 IT IS SURREAL.

39:31 DAVID: YOU OPENED THE DOOR TO TALKING ABOUT THE ECONOMICS OF THIS.

39:37 YES, THERE IS A MASSIVE CULTURAL RESONANCE, BUT THIS IS A HUGE BUSINESS.

39:40 THE EXPORT OF KOREAN CULTURE IS A BIG BUSINESS WORLDWIDE.

39:43 DANIEL: TO BIG BUSINESS AND GOVERNMENT-SUPPORTED.

39:45 THERE ARE INITIATIVES TO INTRODUCE KOREAN FOOD TO THE WORLD.

39:48 WE GET INTO THAT IN THE SERIES.

39:49 THEY EMBRACE K-POP IN SUCH A WAY THAT THEY ARE ACTIVE AMBASSADORS FOR KOREA.

39:53 ANYONE WHO IS A PROMINENT FIGURE IN GLOBAL— IN THE GLOBAL SPOTLIGHT IS HONORED,

40:02 ENCOURAGED BY THE GOVERNMENT.

40:04 NOT IN SUCH A WAY THAT IT IS LIKE A COMMUNIST COUNTRY,

40:08 BUT IT IS— THEY ARE CELEBRATED AND THEY TAKE

40:11 A LOT OF PRIDE IN THOSE WHO HAVE SUCCEEDED.

40:12 CHRISTINA: DANIEL AND I ARE ACTUALLY FRIENDS.

40:14 I DON'T TEASE RANDOM CELEBRITIES ABOUT THEIR LOOKS ON AIR.

40:17 I HAVE TEASED HIM FOR OVER A DECADE ABOUT THAT.

40:21 JUST TO BE CLEAR.

40:22 PLEASE DO NOT CANCEL ME.

40:24 I AM TEASING AND HE KNOWS THAT.

40:25 DAVID: ARE YOU A LOST FAN?

40:31 CHRISTINA: I DID NOT WATCH LOST.

40:33 HE WAS ON HER.

40:34 SHE WAS ON HAWAII 5.0.

40:35 WE MET AT A DINNER IN WASHINGTON RANDOMLY.

40:39 I'M AMAZED BY THE K-BEAUTY STUFF.

40:42 THE SNAIL SLIME?

40:43 WHAT IS GOING ON?

40:45 DAVID: HE HAS GREAT SKIN.

40:48 LISA: HE DOES.

40:49 CHRISTINA: I AM CREEPED OUT.

40:50 I THOUGHT THAT THAT WAS JUST A NAME.

40:53 I DIDN'T REALIZE THAT IT WAS ACTUALLY SNAILS.

40:56 DAVID: WE SAW IT.

40:57 CHRISTINA: DANIEL WILL COME BACK LATER AND WE WILL DO A SPECIAL NEWS QUIZ

41:02 WHERE HE TRIES TO SEE HOW MUCH SOUTH KOREAN TRIVIA AND KNOWLEDGE HE KNOWS.

41:07 DAVID: MAKE SURE YOU CHECK THAT OUT.

41:10 COMING UP, THE MOST READ STORIES YOU CAN EXPLORE LIVESTREAMING

41:14 NEWS AND INTERVIEWS ON ALL OF OUR BLOOMBERG TV SHOWS,

41:17 DOCUMENTARIES, ANALYSIS, AND MORE IN ONE PLACE.

41:20 CHECK OUT BLOOMBERG.COM/VIDEOS TO GET TO THE VIDEO HUB.

41:24 MORE BLOOMBERG "THIS WEEKEND" CONTINUES ON BLOOMBERG TELEVISION,

41:28 RADIO, AND BLOOMBERG.COM.

41:37 CHRISTINA: WELCOME BACK TO BLOOMBERG THIS WEEKEND OR BTW.

41:44 I AM CHRISTINA RUFFINI.

41:46 DAVID: DAVID GURA ALONGSIDE LISA MATEO.

41:48 THIS IS WHEN LISA SHOWS US THE STORIES.

41:50 LISA: YOU MAY HAVE MISSED IT.

41:55 I DID NOT.

41:57 THIS IS FROM BLOOMBERG.

42:00 IT SAYS TRAVELERS SPEND BIG BY USING ASTROLOGY AS A VACATION PLANNER.

42:02 DAVID: WHAT COULD GO WRONG?

42:07 LISA: DO YOU FOLLOW YOUR SIGNS?

42:09 YOU ARE NOT TOO INTO IT?

42:12 A LOT OF PEOPLE ARE THEY'LL COME APPARENTLY.

42:17 A GROWING NUMBER ARE TURNING TO ASTRO CARTOGRAPHY.

42:20 THIS IS WHEN THEY LOOK AT THE POSITION OF THE PLANETS AT THE MOMENT

42:24 OF YOUR BIRTH AND WILL LOCATE PLACES

42:24 IN THE WORLD THAT ALIGN WITH ACHIEVING YOUR GOALS.

42:27 A LOT OF PEOPLE CONSIDERING A NEW CHAPTER IN THEIR LIFE,

42:32 LOOKING TO MOVE, LOOKING FOR LOVE, THEY TURN TO THESE FOLKS FOR GUIDANCE.

42:38 DAVID: YOU DIDN'T DO THIS BEFORE YOU MOVED TO NEW YORK?

42:41 CHRISTINA: I DID WANT TO SIT THROUGH A DINNER

42:44 WHERE A WOMAN UNPROMPTED BROUGHT A BOOK AND ASKED

42:47 EVERYONE FOR THEIR BIRTHDATE AND READ FOR AN HOUR

42:51 AND A HALF ALL OF OUR RISING SIGNS, MOONS.

42:56 I DO HAVE A TAROT DECK.

42:58 I DID A PIECE ON SOMEONE WHO HAD A REALLY NICE TAKE

43:03 ON IT AND THEY GIFTED ME ONE AFTERWARDS AND IT WAS A NICE GIFT,

43:05 BUT I DON'T USE IT REGULARLY.

43:06 DAVID: WE DIGRESS, PEOPLE ARE USING THIS?

43:12 LISA: 37% OF AMERICAN ADULTS TURN TO THESE SERVICES.

43:17 EVEN CORPORATIONS ARE HIRING THESE PEOPLE TO BRING THEM

43:20 ON BECAUSE CORPORATIONS— THEY ARE TAKING ON NEW VENTURES.

43:24 THEY WANT TO SEE IF IT IS IN THE RIGHT LOCATION.

43:29 IT IS AN INTERESTING READ FOR THOSE OF YOU OUT THERE.

43:32 CHRISTINA: WE WILL SEND YOU A DIRECT MESSAGE AND TALK ABOUT THIS PIECE, HANNAH.

43:38 LISA: THIS IS ABOUT THE BOY BANDS.

43:41 THE BOY DEMAND HEYDAY MAY BE OVER BUT THE MAN BAND ERA HAS JUST BEGUN.

43:46 THE BOY BANDS THAT WE LOVED WHEN WE WERE YOUNGER,

43:49 A LOT OF THEM ARE MAKING BIG MONEY NOW.

43:54 DAVID: WHO ARE WE TALKING ABOUT?

43:57 LISA: THE BACKSTREET BOYS, BOYS TO MEN, NEW ADDITION.

43:59 THEY AREN'T MEN IN THEIR 40'S AND 50'S.

44:03 THEY ARE NOT IN THEIR 20'S AND 30'S ANYMORE.

44:08 BUT THEY ARE MAKING MONEY BECAUSE THE WOMEN WHO

44:12 LOVED THEM BACK IN THE DAY ARE NOW OLDER,

44:15 THEY HAVE MORE MONEY TO SPEND,

44:17 SO THEY ARE GOING TO VEGAS TO THE SHOWS, WITH GIRLFRIENDS, DOING GIRL TRIPS.

44:21 CHRISTINA: MY SISTER DID ONE.

44:24 LISA: I DID NOT GO.

44:28 THEY BOOKED FLIGHTS, THEY WENT TO I FORGET WHERE,

44:29 BUT THEY HAD AN EXCELLENT TIME.

44:31 SUCH A PHENOMENAL TIME.

44:34 THEY ARE REALLY MAKING MONEY OFF OF THIS, GUYS.

44:36 LISA: I WAS NEW KIDS ON THE BLOCK.

44:43 I HAD THREE YOUNGER SISTERS SO IT WAS ALWAYS, WHO IS YOUR FAVORITE?

44:45 CHRISTINA: NEW KIDS ON THE BLOCK BEDSPREAD.

44:54 LISA: IT IS A THING, VIP TICKETS AND EVERYTHING.

44:58 DAVID: IF YOU WANT TO GO, LET ME KNOW, AND I WILL HOLD DOWN THE FORT.

45:04 LISA: FROM THE NEW YORK TIMES, LONGEVITY.

45:07 THIS IS FROM THE TIMES THAT SAYS THE LONGEVITY

45:10 SECRETS HELPING ATHLETES BLOW PAST THE LIMITS OF AGE.

45:14 WE ARE TALKING ABOUT ATHLETES EXTENDING THEIR CAREERS.

45:17 REMEMBER, WE TALKED ABOUT THE WINTER OLYMPICS.

45:20 TWO ATHLETES OVER 48 WON GOLD MEDALS.

45:23 LAST SEASON YOU HAVE 340 PLUS QUARTERBACKS STARTING NFL GAMES.

45:29 THEN YOU HAVE LEBRON JAMES WHOSE SON IS PLAYING AGAINST HIM.

45:31 HOW THEY DO IT— THEY ARE NOT ONLY SITTING IN AN ICE BATH.

45:37 THEY ARE HIGH-TECH GADGETS WITH A LOT OF DATA INVOLVED.

45:44 SCI-FI TECH GADGETS.

45:48 A CHAMBER THAT IS 100 $60,000 IS A HUMAN CHARGING STATION.

45:51 SOME ATHLETES ARE EVEN BUYING THEM SO THAT THEY

45:52 CAN REJUVENATE THEMSELVES BECAUSE THEY WANT TO EXTEND THEIR CAREER.

45:55 CHRISTINA: HOW MUCH OF THIS IS PROVEN?

45:59 I HAVE FRIENDS THAT DO THIS STUFF.

46:04 SOME HAS RESEARCH, BUT IS IT PLACEBO EFFECTS?

46:06 LISA: THEY ARE SAYING THAT IT IS HELPING.

46:08 CHRISTINA: SOMETHING IS WORKING.

46:09 LISA: THE ATHLETES ARE MAKING MORE MONEY.

46:11 THEY HAVE MORE MONEY TO SPEND ON A LOT OF THESE GADGETS.

46:19 TO PROLONG THEIR CAREER.

46:21 DAVID: THEIR CAREER DOES IN THE EARLY RELATIVELY SPEAKING.

46:24 THEN YOU HAVE THE REST OF YOUR LIFE

46:24 AND ONLY SO MANY PLAY-BY-PLAY JOBS AVAILABLE.

46:29 LISA: I HAVE THIS ONE FROM THE WASHINGTON POST.

46:33 THIS IS AN INTERESTING STUDY.

46:34 WHY SITTING ALL DAY IS SO BAD FOR YOU AND WHAT TO DO ABOUT IT.

46:40 WE ARE SITTING RIGHT NOW.

46:43 WE GET UP NOW AND THEN TO STAND AND STRETCH THE BACK.

46:47 SITTING IS THE NEW SMOKING WAS THE THING.

46:50 NOT REALLY.

46:51 APPARENTLY, THE WASHINGTON POST ASKED THE EXPERTS AND THEY SAID,

46:54 HOW MUCH IS TOO MUCH SITTING?

46:56 IF YOU SIT FOR EIGHT TO 10 HOURS A DAY THAT'S TOO MUCH.

47:00 YOU CAN GET UP ONCE IN A WHILE.

47:03 IT IS TIED TO A HIGHER RISK OF CANCER, TYPE 2 DIABETES, DEPRESSION.

47:09 THE REASON WHY IS BECAUSE WHEN YOU SIT YOUR MUSCLES ARE NOT WORKING.

47:11 IT'S AFFECTING YOUR METABOLISM AT THE SAME TIME.

47:16 THEY SAY YOUR MUSCLES ARE VERY IMPORTANT SO YOU HAVE TO REMEMBER THAT.

47:21 I HAVE THE STANDING DESK.

47:22 DAVID: I TAKE YOUR KIN THEOLOGICAL COUNSEL ALL THE TIME.

47:25 CHRISTINA: THE HAPPIEST AND HEALTHIEST MEMBER OF OUR TEAM.

47:30 DAVID: I ASPIRED TO DO WHAT YOU DO.

47:34 LISA: I HAVE THE STANDING DESK AND I HAVE A WATCH

47:37 THAT YELLS AT ME AND TELLS ME IT'S TIME TO STAND.

47:41 CHRISTINA: I JUST USE MY DOG.

47:47 HE YELLS AT ME TO GET UP AND TAKE WALKS.

47:51 DAVID: THANK YOU VERY MUCH.

47:53 WE ARE COMING UP ON 8:00 A.M.

47:56 IN NEW YORK.

47:56 OUR CONVERSATION WITH THE FORMER U.S.

47:58 AMBASSADOR TO CHINA AS WE LOOK AHEAD TO PRESIDENT TRUMP'S

48:01 TRIP TO BEIJING SCHEDULE TO TAKE PLACE THURSDAY AND FRIDAY.

48:05 I ONE-ON-ONE MEETING WITH PRESIDENT XI JINPING.

48:08 CHRISTINA: HIGH-STAKES AND HIGH DIPLOMATIC PRESSURE ON THAT TRIP.

48:13 THE NEXT HOUR OF A BLOOMBERG THIS WEEKEND STARTS NOW.

48:33 DAVID: COMING UP ON BLOOMBERG "THIS WEEKEND." A U.S.

48:40 FIGHTER JET STRIKES IRANIAN TANKERS AS THE WHITE HOUSE WAITS

48:42 FOR IRAN'S RESPONSE FOR A PLAN TO END THE WAR.

48:45 PRES.

48:45 TRUMP: THEY HAVE NO MILITARY.

48:47 THEY HAVE NOT A LOT WE WILL SEE WHAT HAPPENS.

48:50 DAVID: THE LATEST FROM OUR REPORTER TRAVELING WITH THE PRESIDENT.

48:55 CHRISTINA: 18 FROM THE CDC IS DISPATCHED TO THE CANARIA— CANARY ISLANDS.

49:02 WHAT IS NEXT AS THE PASSENGERS PREPARED TO QUARANTINE.

49:08 DAVID: THE GLITZ AT THE MET GALA.

49:12 ONE OF THE BIGGEST AND MOST PROFOUND COLLECTIONS.

49:14 DAVID: A NEW EXHIBIT FROM ITS COSTUME INSTITUTE.

49:21 IN A PRIVATE TOUR WITH THE DIRECTOR

49:24 OF ONE OF THE ROR— WORLD'S MOST FAMOUS MUSEUMS.

49:29 WELCOME TO BLOOMBERG "THIS WEEKEND." IT IS 8:00 IN NEW YORK.

49:35 I'M DAVID GURA.

49:37 CHRISTINA: I'M CHRISTINA RUFFINI.

49:40 WE ARE HERE WITH LISA MATEO.

49:41 LIVE EVERY WEEKEND FROM 7:00 A.M.

49:43 TO 10:00 A.M.

49:45 IT'S GO TO LISA FOR THE HEADLINES.

49:49 LISA: SPANISH AUTHORITIES ARE PREPARING TO RECEIVE MORE THAN 140 PASSENGERS

49:55 AND CREW MEMBERS ABOARD A CRUISE SHIP EXPERIENCING A DEADLY HANTAVIRUS OUTBREAK.

50:03 THAT IS EXPECTED TO ARRIVE TOMORROW.

50:05 HEALTH OFFICIALS HAVE SAID THEY WILL PERFORM CAREFUL EVACUATIONS.

50:08 THE U.S.

50:08 AGREED TO SEND A PLANE TO RETURN WITHIN A DOZEN AMERICANS STILL ON THAT SHIP.

50:16 THOSE PASSENGERS WILL BE ISOLATED AT THE UNIVERSITY

50:17 OF NEBRASKA MEDICAL CENTER AND NEBRASKA MEDICINE.

50:21 ANGELA HEWITT'S DIRECTOR OF THE BIO CONTAINMENT UNION— UNIT.

50:27 THE INDIVIDUALS WE ARE PLANNING ON RECEIVING

50:30 HAVE NOT BEEN DIAGNOSED WITH HANTAVIRUS.

50:32 AS FAR AS WE KNOW THEY HAVE NO— YOU KNOW,

50:37 VERY SPECIFIC SYMPTOMS THAT WOULD LEAD US

50:39 TO BE CONCERNED ABOUT THEM BEING INFECTED WITH HANTAVIRUS.

50:43 LISA: THAT IS A RARE FAMILY OF VIRUSES CARRIED BY RODENTS.

50:46 THREE PASSENGERS HAVE DIED.

50:48 THE U.S., STILL AWAITING A RESPONSE FROM IRAN

50:51 TO ITS LATEST PROPOSAL TO END THE WAR.

50:53 PRESIDENT DONALD TRUMP WAS ASKED ABOUT LAST NIGHT

50:55 AS HE LEFT FOR THE WHITE HOUSE FOR VIRGINIA.

51:00 PRES.

51:01 TRUMP: WE WILL SEE WHAT HAPPENS,

51:03 BUT THEY HAVE NO MILITARY, THEY HAVE NOT A LOT LEFT.

51:08 WE WILL SEE WHAT HAPPENS.

51:11 LISA: PRESIDENT TRUMP'S PLAN PROPOSES THAT THE ISLAMIC

51:13 REPUBLIC REOPEN THE STRAIT OF HORMUZ AND THE U.S.

51:16 END A BLOCKADE OVER THE NEXT MONTH.

51:18 U.S.

51:19 FORCES CARRIED OUT AIRSTRIKES ON TWO EMPTY IRANIAN OIL TANKERS.

51:20 CENTRAL COMMAND SAID THEY WERE TRYING TO BREAK

51:23 THE BLOCKADE AND ENTER ONE OF THE COUNTRY'S PORTS.

51:25 TO THE U.S.

51:30 TROOPS IN EUROPE, SOURCES TELL BLOOMBERG TOP DIPLOMATS FROM NATO

51:32 ALLIES ANTICIPATE THAT PRESIDENT TRUMP WILL WITHDRAW FORCES FROM THE CONTINENT,

51:36 POSSIBLY INCLUDING FROM ITALY.

51:37 SOME DEVELOPMENTS IN THE RUSSIA-UKRAINE MORE,

51:40 WHERE PRESIDENT TRUMP ANNOUNCED A CEASE-FIRE

51:42 AND A PRISONER SWAP BETWEEN THE TWO NATIONS.

51:45 YESTERDAY HE WAS ASKED IF THAT CEASE-FIRE COULD BE EXTENDED FURTHER.

51:50 PRES.

51:50 TRUMP: I MEAN IT COULD BE.

51:52 IT WOULD BE NICE.

51:53 I WOULD LIKE TO SEE IT STOP.

51:55 RUSSIA-UKRAINE, IT IS THE WORST THING SINCE WORLD WAR II IN TERMS OF LIFE.

52:01 WHAT A 5000 YOUNG SOLDIERS EVERY MONTH.

52:02 IT IS CRAZY.

52:03 IT VERY WELL COULD BE.

52:06 LISA: THAT CEASE-FIRE WOULD LAST THROUGH MONDAY AND COINCIDES WITH RUSSIA'S

52:11 VICTORY DAY CELEBRATIONS MARK THE WORLD WAR II VICTORY OVER NAZI GERMANY.

52:14 LISA: THANK YOU VERY MUCH— DAVID: THANK YOU VERY MUCH.

52:20 CLASHES HAVE STRAINED A CEASE-FIRE IN IRAN AS U.S.

52:22 OFFICIALS AWAIT IRAN'S RESPONSE FOR ITS LATEST PROPOSAL.

52:25 JOINING US NOW WITH THE LATEST IS ABEER ABU OMAR.

52:30 I WANT TO PLAY A BIT OF SOUND HERE FROM THE SECRETARY OF STATE.

52:36 HE WAS MEETING WITH THE POPE THIS WEEK.

52:37 AND HE TALKED ABOUT THE PROSPECTS OF GETTING THIS REPLY FROM IRAN.

52:38 LET'S TAKE A LISTEN TO WHAT HE HAD TO SAY.

52:44 WE ARE EXPECTING A RESPONSE FROM THEM.

52:46 THE HOPE IS THAT IT IS SOMETHING THAT CAN

52:47 PUT US INTO A SERIOUS PROCESS OF NEGOTIATION.

52:52 THEIR SYSTEM IS DYSFUNCTIONAL, SO THAT MAY BE SERVING AS AN IMPEDIMENT.

52:53 I HOPE IT IS A SERIOUS OFFER, I REALLY DO.

52:56 DAVID: THAT WAS YESTERDAY.

52:59 THE WAITING GAME CONTINUES HERE.

53:02 WE WILL SEE WHAT HAPPENS.

53:05 WHAT IS THE LATEST ON THE BACK AND FORTH BETWEEN THE U.S.

53:07 AND IRAN AND WHAT IS THE EXPECTATION WE WILL

53:08 GET SOME SORT OF TANGIBLE RESPONSE ON THIS SATURDAY MORNING?

53:12 ABEER: HI AGAIN, DAVID.

53:21 THE IRANIAN SPOKESPERSON SAID THAT WHAT THE U.S.

53:24 HAS PUT THROUGH, THE PROPOSAL, IS UNDER REVIEW NOW.

53:30 HE DID NOT GIVE A TIMELINE FOR AN IRANIAN RESPONSE.

53:31 WE WERE EXPECTING THAT TO HAPPEN YESTERDAY.

53:33 THAT IS WHAT PRESIDENT TRUMP HAD SAID,

53:35 IT WAS EXPECTING A RESPONSE FROM THE IRANIAN SIDE.

53:39 THAT DID NOT HAPPEN.

53:42 WE ARE KEEPING AN EYE OUT FOR THE IRANIAN RESPONSE TO ESSENTIALLY WHAT THE U.S.

53:46 HAD PUT THROUGH, AND JUST A LITTLE BIT ABOUT THE PROPOSAL THE U.S.

53:51 HAD PUT THROUGH.

53:53 WHAT IS DIFFERENT THIS TIME IS THAT THE UNITED STATES IS ESSENTIALLY PITCHING

53:57 AN IMMEDIATE END TO THE WAR AND A GRADUAL REOPENING OF THE STRAIT OF HORMUZ,

54:03 WHICH IS REALLY AT THE HEART OF THIS ENTIRE CONFLICT

54:06 BECAUSE 1/5 OF THE WORLD'S ENERGY EXPORTS THAT GO THROUGH,

54:09 THAT HAS BEEN BROUGHT DOWN TO A FRACTION OF WHAT USED

54:11 TO BE SINCE THE START OF THE WAR IN LATE FEBRUARY.

54:16 ESSENTIALLY, AFTER THAT IRAN AND THE U.S.

54:19 WOULD GO INTO ANOTHER MONTH OF NEGOTIATIONS OVER IRAN'S NUCLEAR PROGRAM.

54:24 SOMETHING THAT IS WORTHY OF NOTING HERE IS

54:26 THAT IRAN HAD SAID PREVIOUSLY THAT THE U.S.

54:28 DEMANDS HAVE BEEN QUITE MAXIMALIST, THAT THE U.S.

54:32 DEMANDS HAVE BEEN UNREALISTIC AND SOMETIMES THE IRANIAN SIDE

54:34 HAD PUT THEM THROUGH AS SAYING THEY WERE IMPOSSIBLE.

54:37 WE MAY NOT SEE THEM COMING TO AN AGREEMENT ON ALL

54:43 OF THE 14 CLAUSES THAT ARE PART OF THIS AGREEMENT,

54:46 BUT PERHAPS SOME AGREEMENT ON ELEMENTS OF THIS PROPOSAL,

54:49 AND AGAIN, THE REOPENING OF THE STRAIT OF HORMUZ HAD SEEN SOME ESCALATIONS OVER

54:55 THE PAST WEEK THAT HAD LED TO A RETURN OF HOSTILITIES IN THE PERSIAN GULF.

54:59 WE MENTIONED EARLIER THAT THE UNITED ARAB

55:01 EMIRATES SAW SOME ATTACKS EARLIER THIS WEEK.

55:04 THAT IS SOMETHING THAT BOTH COUNTRIES WILL HAVE TO COME TO TERMS WITH, DAVID.

55:08 DAVID: THANK YOU VERY MUCH FOR THAT UPDATE.

55:14 ABEER ABU OMAR, THE DEPUTY CHIEF IN THE UAE.

55:18 CHRISTINA: PRESIDENT TRUMP IS SCHEDULED TO TRAVEL

55:19 TO BEIJING FOR A SOMEWHAT WITH PRESIDENT XI JINPING.

55:24 THE MEETING WAS POSTPONED BECAUSE OF THE CONFLICT IN IRAN.

55:28 THAT IS SURE TO COME UP, AMIDST A HOST OF ISSUES.

55:34 DAVID: A PROFESSOR AT THE HARVARD KENNEDY SCHOOL,

55:37 WE TALK TO HIM ABOUT WHAT IS AT STAKE

55:37 IN WHAT BOTH LEADERS ARE HOPING TO ACHIEVE NEXT WEEK.

55:44 FOR BOTH GOVERNANCE,— GOVERNMENTS,

55:44 FOR BOTH LEADERS THIS IS THE MOST IMPORTANT RELATIONSHIP THEY HAVE.

55:47 AND THEY HAVE AMBITIONS FOR THIS YEAR.

55:53 THEY WANT TO MEET XI JINPING, DONALD TRUMP 2, 3, EVEN FOUR TIMES THIS YEAR.

55:54 AND THERE IS A LOT OF TO TALK ABOUT.

55:55 WE WILL SEE A BIG FOCUS ON TRADE, SUPPLY CHAIN, AND THE COMMERCIAL RELATIONSHIP.

56:03 CHRISTINA: DO YOU THINK IT IS GOING TO BE PRODUCTIVE?

56:04 DO YOU THINK THERE IS GOING TO BE A DELIVERABLE COMING OUT OF IT?

56:08 THAT TAKES A LOT OF GROUNDWORK.

56:11 DO YOU THINK THAT HAS BEEN DONE?

56:15 9 IT IS AN UNUSUAL SUMMIT IN THIS RESPECT.

56:19 THE PERSON LEADING THE PREPARATIONS IS NOT THE SECRETARY OF STATE,

56:22 THE NATIONAL SECURITY ADVISOR, OR THE SECRETARY OF DEFENSE.

56:28 SECRETARY BESSENT HAS DEVELOPED A VERY

56:31 EFFECTIVE RELATIONSHIP WITH THE KEY CHINESE INTERLOCUTOR,

56:34 WHO IS BOTH VERY EXPERIENCED, HE OVERSEES THE CENTRAL BANK,

56:39 THE FINANCE MINISTRY, THE COMMERCE MINISTRY,

56:42 BUT ALSO HAS A CLOSE PERSONAL RELATIONSHIP

56:43 OF 40-PLUS YEARS WITH PRESIDENT XI JINPING.

56:49 SECRETARY BESSENT AND VICE PRESIDENT HURLEY FUNG BEEN HAVE

56:51 BEEN MEETING PRETTY CONSISTENTLY FOR THE LAST 15 MONTHS.

56:54 I THINK THEIR AMBITION, LET'S SEE IF THEY CAN ACCOMPLISH THIS, WOULD BE

56:58 TO BRING STABILITY TO THE TRADE AND SUPPLY CHAIN RELATIONSHIP.

57:05 CAN THEY AGREE TO A FREEZE OR A TRUCE ON TARIFFS SO THAT NEITHER SIDE

57:07 WILL RAISE TARIFFS OVER THE COURSE OF THIS YEAR AND HOPEFULLY IN THE NEXT YEAR?

57:16 CAN THEY AGREE NOT TO HAVE A SUPPLY CHAIN WAR OF THE TYPE THEY HAD IN 2025?

57:24 CAN THEY AGREE IN GENERAL,

57:25 AND SECRETARY BESSENT HAS BEEN VERY PERSUASIVE ABOUT THIS, THAT WE

57:29 SHOULD NOT DECOUPLE THIS BIG TRADE RELATIONSHIP IN GOODS AND SERVICES,

57:33 BUT WILL HAVE TO DEAL— DE-RISK IN CERTAIN TECHNOLOGIES?

57:38 THAT IS A VERY SENSIBLE POLICY.

57:40 IF THEY CAN ACCOMPLISH THAT AND HAVE THE CHINESE

57:43 AGREE TO A MAJOR BUYER OF AMERICAN AGRICULTURE— SOYBEANS,

57:48 PORK PRODUCTS, FISHERY PRODUCTS— THAT WILL BE, I THINK,

57:51 A GOOD SUMMIT IN THE ECONOMIC REALM FOR PRESIDENT TRUMP.

57:56 DAVID: I WANT TO DRAW ON YOUR EXPERIENCE

57:59 HAVING PARTICIPATED IN THESE SUMMITS BEFORE.

58:01 I'M CURIOUS WHAT THE CHINESE HOPE TO GET OUT OF THIS.

58:05 WHAT HAVE YOU OBSERVED ABOUT WHAT— HOW PRESIDENT XI APPROACHES THIS?

58:09 FIRST OF ALL, THEY WANT NO SURPRISES.

58:13 I WORKED ON THESE THREE BIG SUMMIT MEETINGS

58:16 BETWEEN 2022 AND 2024 FOR PRESIDENT AND PRESIDENT XI.

58:18 THE CHINESE WANT NO SURPRISES.

58:20 THEY WANT EVERYTHING TO BE WORKED OUT.

58:23 EVERYTHING.

58:24 STRATEGIC, TACTICAL DECISIONS BEFORE THE LEADERS WALK INTO THE ROOM.

58:33 THEY THEN WANT THE TWO LEADERS IN ALMOST A HIGHLY STYLIZED SITUATION,

58:35 FLANKED WITH SEVEN OR EIGHT PEOPLE ON EACH SIDE,

58:39 TO HAVE A CONVERSATION ABOUT THE AGREEMENTS AND DISAGREEMENTS.

58:42 BUT THEY DO NOT WANT HAGGLING

58:44 AT THE TABLE BETWEEN PRESIDENT XI AND HIS COUNTERPART.

58:48 I THINK THAT IS GOING TO HOLD TRUE, BECAUSE THAT IS WHAT THE CHINESE INSISTED

58:50 ON WHEN I WAS WORKING ON THIS RELATIONSHIP.

58:54 I ALSO THINK THE CHINESE ONE STABILITY WITH THE UNITED STATES.

59:00 THE CHINESE HAVE A NUMBER OF ECONOMIC STRENGTHS,

59:03 WHAT THEY ARE FACING SOME INTERNAL TRIBULATIONS

59:05 IN THE CHINESE ECONOMY THAT REQUIRES A PERIOD OF STABILITY.

59:10 THEY DO NOT WANT A SENSE OF CRISIS

59:10 WITH THE UNITED STATES IN THE IMMEDIATE YEAR OR TWO AHEAD.

59:15 I BET WE WILL SEE SOME PROGRESS ON THE COMMERCIAL SIDE.

59:17 CAN THE EVEN GO FURTHER?

59:20 COULD THEY AGREE THAT IN ADDITION TO OUR TECH FIRMS COMPETING

59:24 FEROCIOUSLY ON AI WHO IS GOING TO BE FIRST MOVER, FIRST ADAPTER?

59:31 COULD THEY ALSO AGREE THAT OUR COUNTRIES NEED

59:33 TO BE WORKING TOGETHER ON THE WORST ASPECTS OF AI?

59:39 FOR INSTANCE, THE MYTHOS MODEL FROM ANTHROPIC.

59:42 GOOD CYBER CRIMINALS GET THEIR HANDS ON THAT VERY DESTRUCTIVE TECHNOLOGY?

59:47 THAT MIGHT ARGUE FOR THE U.S.

59:50 AND CHINA TO BEGIN A DISCUSSION ABOUT HOW WE AND THE TWO OF US

59:55 IN OTHER COUNTRIES SHOULD BE WORKING TO BALANCE AGAINST THOSE KINDS OF THREATS.

59:57 IN A WAY THIS COULD BE A VERY IMPORTANT MEETING IF ALL OF THAT IS DISCUSSED.

1:00:04 CHRISTINA: THE BACKDROP OF THIS IS THE WAR IN IRAN.

1:00:07 CHINA GETS 45% TO 50% OF ITS CREW THROUGH THE STRAIGHT.

1:00:10 I'M WONDERING HOW INVOLVED ARE NOT INVOLVED IN IRAN CHINA HAS BEEN.

1:00:14 YOU HAVE SEEN THEM WEIGH IN HERE OR THERE

1:00:17 BUT YOU FEEL LEFT THEY ARE TAKING A BACKSEAT.

1:00:23 THERE WAS THAT GREAT ECONOMIST COVER WITH PRESIDENT

1:00:25 XI BEHIND TRUMP, AND THE LINE WAS,

1:00:26 NEVER GET IN THE WAY WHEN YOUR ENEMY IS MAKING A MISTAKE.

1:00:27 IS THAT HOW THEY ARE VIEWING IRAN?

1:00:31 I THINK IT IS A MIXED BAG.

1:00:33 YOU ARE RIGHT ON THE ONE HAND THAT THE CHINESE HAVE

1:00:36 BEEN MESSAGING ACROSS THE WORLD WHERE— WE ARE THE STABLE COUNTRY,

1:00:41 OUR LEADER HAS NOT INVADED AND BUDDY, OUR LEADER BELIEVES IN THE GLOBAL ORDER,

1:00:46 YOU CAN COUNT ON US TO BE A CONSISTENT, RELIABLE PARTNER.

1:00:51 IF THE CHINESE MESSAGE IS JUST DEPOSING XI JINPING

1:00:52 WITH PRESIDENT TRUMP AND EVERYTHING THAT HAS HAPPENED FROM VENEZUELA,

1:01:00 TO GREENLAND, TO QUESTIONING CANADIAN SOVEREIGNTY,

1:01:02 TO WARRING WITH NATO ALLIES, TO THE IRAN WAR.

1:01:06 I THINK THE CHINESE HAVE BEEN PLAYING ON THAT AND MAKING SOME HAY,

1:01:08 PARTICULARLY IN THE GLOBAL SOUTH.

1:01:11 ON THE OTHER HAND THE CHINESE HAVE TAKEN A HIT OF SORTS IN THEIR CREDIBILITY.

1:01:13 THEY DID NOT IN ANY WAY, SHAPE,

1:01:20 OR FORM STAND UP FOR IRAN IN THIS CRISIS FROM FEBRUARY 28 FORWARD.

1:01:21 THEY DID NOT STAND UP FOR VENEZUELA.

1:01:23 THEY COULDN'T, DIPLOMATICALLY, AND OBVIOUSLY COULD NOT MILITARILY.

1:01:31 THEY LOOK UNRELIABLE,

1:01:32 BECAUSE VENEZUELA AND IRAN ARE STRATEGIC PARTNERS OF CHINA.

1:01:36 IN ADDITION TO THAT IT IS VERY— VERY INTERESTING THAT PRESIDENT PUTIN

1:01:41 HAS BEEN MUCH MORE VOCAL IN SUPPORTING IRAN THAN PRESIDENT XI JINPING HAS.

1:01:47 PRESIDENT PUTIN DELIVERED A PERSONAL MESSAGE OF CONDOLENCE WHEN THE IRANIAN

1:01:52 SUPREME LEADER— LEADER WAS KILLED IN THE FIRST DAY OF THE WAR.

1:01:54 THE CHINESE DIDN'T DO THAT AND THE CHINESE

1:01:56 HAVE BEEN MESSAGING THEY DON'T WANT TO LIVE

1:02:00 IN THE LAW OF THE JUNGLE AND THAT IS THE HEAD AGAINST THE UNITED STATES.

1:02:02 THEY HAVE ALSO BEEN MESSAGING THE STRAIT OF HORMUZ NEEDS TO OPEN.

1:02:06 CHINA DEPENDS ON THAT.

1:02:07 THE GLOBAL ECONOMY DOES.

1:02:09 THEY HAVE BEEN VERY WORRIED, THE CHINESE,

1:02:12 ABOUT THEIR CAPITAL INVESTMENTS IN TRADE WITH THE GULF ARAB STATES.

1:02:18 NOT JUST IRAN.

1:02:21 I THINK THE CHINESE, LIKE PRESIDENT TRUMP,

1:02:22 WANT TO SEE SOME KIND OF AGREEMENT WITH IRAN

1:02:29 TO OPEN THE3— THE STRAIT TO COMMERCIAL TRAFFIC.

1:02:32 DAVID: ICE— I'M SURE YOU HAVE SEEN THE FOREIGN MINISTER MEETING IN BEIJING.

1:02:36 THERE WAS THIS BACK-AND-FORTH ABOUT A POTENTIAL

1:02:39 ONE-PAGE MEMO OF UNDERSTANDING BETWEEN THE U.S.

1:02:40 AND IRAN AND I NOTICED THAT IRAN THANKED THE CHINESE FOR THEIR PROPOSAL.

1:02:43 ARE THEY STEPPING UP TO PLAY A BIGGER ROLE HERE

1:02:47 IN TRYING TO RESOLVE THE CONFLICT IN THE MIDDLE EAST?

1:02:52 I DON'T THINK THEY WANT TO BE THE MIDDLEMAN,

1:02:55 BUT THEY WANT AN AGREEMENT AND THEY WANT TO WAR TO END AND ENERGY TO FLOW.

1:03:03 I ALSO THOUGHT THAT THE FOREIGN MINISTER'S

1:03:04 VERY EXPERIENCED DIPLOMAT WAS SENDING TWO MESSAGES.

1:03:09 MESSAGE NUMBER ONE, OF COURSE CHINA SUPPORTS IRAN.

1:03:13 THEY ARE STRATEGIC PARTNERS.

1:03:13 CHINA DOES NOT SUPPORT WHAT THE U.S.

1:03:14 AND ISRAEL HAVE DONE IN BEGINNING THIS WAR BACK ON THE 20TH OF FEBRUARY.

1:03:19 ON THE OTHER HAND I THOUGHT THERE WERE

1:03:22 SOME SUBTLE MESSAGES FROM THE CHINESE DURING THE VISIT.

1:03:24 YOU NEED TO NEGOTIATE SERIOUSLY.

1:03:29 WE THINK THERE SHOULD BE SERIOUS NEGOTIATIONS

1:03:32 TO ENABLE A CEASE-FIRE TO COME ABOUT.

1:03:35 THEY HAVE NOT REALLY FOCUSED ON THE NUCLEAR

1:03:39 ISSUE OF THE HIGHLY-ENRICHED URANIUM— URANIUM,

1:03:40 BUT THEY HAVE BEEN LASER FOCUSED ON THE STRAIT.

1:03:45 THE CHINESE, WHEN THEY THINK OF POWER

1:03:48 AND THEIR GLOBAL POWER THEY ALWAYS THINK TRADE,

1:03:52 ECONOMICS, MANUFACTURING, EXPORTS, FREE FLOW OF GOODS FIRST.

1:03:56 IS THAT SUSTAINS THIS HUGE MANUFACTURING EXPORT-LET ECONOMY

1:03:58 THAT IS GIVING CHINA THE LITTLE GROWTH IT HAS NOW.

1:04:03 CHRISTINA: BEFORE WE LET YOU GO I DO WANT TO ASK YOU ABOUT TAIWAN.

1:04:07 THIS AMERICAN PRESIDENT HAS NOT BEEN VOCAL ON THAT ISSUE

1:04:10 AND SOME TAIWAN SUPPORTERS ARE CONCERNED THAT MIGHT

1:04:11 BE SOMETHING HE WOULD BE WILLING TO NEGOTIATE AWAY

1:04:14 IN THE ROOM TO SUPPORT SOME OF THOSE OTHER GOALS.

1:04:20 DO NOT SEND STRONG SIGNALS THAT AMERICA WILL HAVE

1:04:22 TAIWAN'S BACK IN THE CASE OF A CHINESE INVASION.

1:04:26 DO YOU THINK THIS PRESIDENT WILL MILITARILY SUPPORT IRAN?

1:04:28 AND ARE YOU CONCERNED WHAT HAPPENS WITH THAT ISSUE AT THIS SUMMIT?

1:04:33 IS VERY CLEAR THE CHINESE WANT TO PUSH PRESIDENT TRUMP ON TAIWAN.

1:04:43 TAIWAN IS GOING TO BE THE REDLINE ISSUE

1:04:44 THAT THE UNITED STATES SHOULD NOT CROSS, CHINESE REDLINES.

1:04:47 THAT IS A VERY FAMILIAR STATEMENT TO ME.

1:04:50 THEY MADE THAT STATEMENT HUNDREDS OF TIMES.

1:04:54 AND IT IS IMPORTANT THAT PRESIDENT TRUMP DO TWO THINGS.

1:04:57 NUMBER ONE, HONOR THE TAIWAN RELATIONS ACT.

1:05:00 LAW OF THE LAND IN THE UNITED STATES.

1:05:03 WE HAVE TO SUPPLY TAIWAN WITH DEFENSIVE MILITARY TECHNOLOGY AND WE HAVE

1:05:08 NEVER OVER 50 YEARS NEGOTIATED THOSE MILITARY SALES WITH THE CHINESE IN BEIJING.

1:05:11 AND THERE IS A BEGINNING OF THAT WHEN PRESIDENT TRUMP AND PRESIDENT

1:05:16 XI HAD A DISCUSSION ABOUT THAT A COUPLE OF MONTHS AGO.

1:05:18 I THINK THAT IS A DANGEROUS AREA.

1:05:19 NUMBER TWO, WE SHOULD PUT THE PRESSURE ON THE CHINESE GOVERNMENT.

1:05:24 THEY ARE THE ONES THREATENING TO INVADE TAIWAN.

1:05:30 THEY ARE THE ONES WHO HAVE SIMULATED MILITARY BLOCKADES OF TIME ISLAND

1:05:32 AND THE REST OF THE WORLD DOES NOT WANT TO SEE A WAR.

1:05:34 THEY DO NOT WANT TO SEE THE TAIWAN STRAIT CLOSED.

1:05:42 I THINK WE SHOULD BE ON THE OFFENSIVE,

1:05:43 WARNING THE CHINESE GOVERNMENT TO BE MORE REASONABLE,

1:05:45 TO MEET WITH THE TAIWAN LEADERSHIP,

1:05:48 WHICH THEY HAVE NOT DONE FOR 10 YEARS AND TURN

1:05:53 THE TABLES ON THE— ON PRESIDENT XI AND HIS TEAM.

1:05:56 I THINK TAIWAN WILL DEFINITELY BE ON THE CHINESE AGENDA FOR THIS MEETING AND I

1:06:00 HOPE PRESIDENT TRUMP WILL MAINTAIN OUR 50-YEAR

1:06:05 ONE-CHINA POLICY WHERE WE FULFILL THESE MILITARY OBLIGATIONS,

1:06:09 DEFENSIVE SALES OF TECHNOLOGY TO THE TAIWAN AUTHORITIES.

1:06:12 DAVID: AMBASSADOR NICHOLAS BURNS.

1:06:14 APPRECIATE HIS TIME.

1:06:15 A CHANGE THAT COULD AFFECT EVERY PUBLIC COMPANY IN THE U.S.

1:06:22 WHAT THE U.S.

1:06:24 IS CONSIDERING.

1:06:26 TOP OF THE SEC, GARY GENSLER,

1:06:27 JOINS US HERE ON BLOOMBERG TV, RADIO, AND AT BLOOMBERG.COM.

1:06:38 LISA: THANK YOU FOR JOINING US ON BLOOMBERG THIS WEEKEND.

1:06:40 LET'S GET YOU UP-TO-DATE.

1:06:41 WE WILL START WITH FRONTIER AIRLINES.

1:06:44 AND OF ITS PLANES STRUCK A PEDESTRIAN,

1:06:47 LEAVING DENVER INTERNATIONAL AIRPORT LAST NIGHT.

1:06:50 IT FORCED THE PILOTS TO WITH THE TAKEOFF AS SMOKE FILLED THE CABIN.

1:06:55 THE AIRCRAFT WAS CARRYING SEVEN CREW MEMBERS.

1:06:58 NO WORD ON THE CONDITION OF THE PERSON WHO IS HAD BY THAT PLANE.

1:07:04 AN INTERNATIONAL REDISTRICTING BATTLE HAS SWUNG TOWARD REPUBLICANS.

1:07:07 A VIRGINIA COURT INVALIDATED A GERRYMANDERING EFFORT AND REPUBLICANS

1:07:10 IN ALABAMA APPROVED PLANS FOR NEW PRIMARY ELECTION.

1:07:14 IF COURTS ALLOW HOUSE DISTRICTS TO BE USED IN THE NOVEMBER MIDTERM ELECTIONS.

1:07:22 PROTESTERS PROTESTED AT THE ALABAMA STATE HOUSE.

1:07:26 REPUBLICAN LAWMAKERS SO FACE OPPOSITION AS THEY

1:07:28 PRESENTED PLANS YESTERDAY TO REDRAW THEIR CONGRESSIONAL DISTRICTS.

1:07:30 THE U.S.

1:07:31 MILITARY STRUCK ANOTHER ALLEGEDLY DRUG TRAFFICKING BOAT.

1:07:37 IT TOOK PLACE IN THE EASTERN PACIFIC OCEAN.

1:07:39 TWO MEN WERE KILLED.

1:07:41 ONE SURVIVED.

1:07:42 U.S.

1:07:43 SOUTHERN COMMAND IMMEDIATELY NOTIFIED THE COAST GUARD

1:07:44 TO ACTIVATE THE SEARCH-AND-RESCUE SYSTEM FOR THAT SURVIVOR.

1:07:47 THE PENTAGON HAS STARTED RELEASING HUNDREDS MORE

1:07:52 DECLASSIFIED FILES LINKED TO DECADES OF UFO SIGHTINGS.

1:07:55 THEY SAY THE MOVE ALLOWS AMERICANS TO STUDY

1:07:56 MATERIAL AND DECIDE FOR THEMSELVES IF ALIENS ARE REAL.

1:07:59 IT IS PART OF THE PUSH FROM THE TRUMP

1:08:02 ADMINISTRATION TO PROVIDE MORE TRANSPARENCY TO THE PUBLIC.

1:08:05 DAVID: DECIDE FOR YOURSELF.

1:08:07 CHRISTINA: WE NEED THAT BIG X-FILES POSTER.

1:08:08 I WANT TO BELIEVE.

1:08:10 THANKS, LISA.

1:08:11 PUBLIC COMPANIES ARE REQUIRED TO REPORT EARNINGS EVERY QUARTER,

1:08:14 BUT THAT COULD CHANGE THIS WEEK.

1:08:16 THE U.S.

1:08:18 SECURITIES AND EXCHANGE COMMISSION UNVEILED A PROPOSAL THAT WILL

1:08:22 WIRE PENNIES TO REPORT EARNINGS TWICE A YEAR.

1:08:26 DAVID: THE PROPOSED CHANGE WOULD

1:08:28 PROVIDE COMPANIES WITH INCREASED REGULATORY FLEXIBILITY.

1:08:31 CRITICS SAY LESS FREQUENT REPORTING COULD HEIGHTEN THE RISK OF INSIDER TRADING.

1:08:35 JOINING US NOW IS A FORMER CHAIR OF THE SEC COMING GARY GENSLER,

1:08:39 AND THE COHOST OF A PODCAST CALLED

1:08:40 "POWER AND CONSEQUENCES." I WILL ASK YOU PLAINLY, IS THIS A GOOD IDEA?

1:08:48 GARY: NO.

1:08:51 I THINK THIS IS REALLY A SOLUTION IN SEARCH OF A PROBLEM.

1:08:55 I THINK TRANSPARENCY IS REALLY IMPORTANT IN OUR CAPITAL MARKETS.

1:08:59 YOU JUST HAD A REPORT ABOUT UFOS.

1:09:01 THIS IS A LITTLE BIT DIFFERENT,

1:09:05 BUT WE HAVE BEEN DOING THIS FOR A VERY LONG TIME.

1:09:10 AND I THINK IT IS PART OF WHY OUR AMERICAN CAPITAL MARKETS ARE SO GOOD.

1:09:17 INVESTORS, PEOPLE WATCHING THIS SHOW,

1:09:19 OR THE BIG INVESTORS THAT MAYBE DON'T WATCH ON SATURDAY MORNING,

1:09:22 THEY GET THAT INFORMATION ON A QUARTERLY BASIS.

1:09:28 IT IS MORE TIMELY, AND ECONOMIC STUDY AFTER ECONOMIC

1:09:29 STUDY HAS SHOWN THAT THAT IS A GOOD THING.

1:09:32 THAT CREATES A MARKET ENVIRONMENT WHERE YOU

1:09:36 CAN GET A LITTLE HIGHER PRICE-EARNINGS RATIO

1:09:40 AND A LITTLE LESS COST OF CAPITAL BECAUSE

1:09:41 YOUR INVESTOR BASE KNOWS WHAT IS GOING ON.

1:09:46 DAVID: WHAT DO YOU SAY TO CEOS WHO COMPLAINED THAT THIS IS ONEROUS AND TOO

1:09:50 MUCH OF THEIR LIFE IS TAKEN UP HAVING TO PREPARE FOR THESE EARNINGS CALLS?

1:09:53 CHRISTINA: WHO WANTS THAT?

1:09:55 GARY: IT IS INTERESTING.

1:09:57 WHO REALLY IS LOOKING FOR THIS?

1:10:01 PRESIDENT TRUMP'S FIRST TERM, WHICH WE WILL CALL TRUMP 45,

1:10:04 HE ALSO CALLED FOR THIS.

1:10:10 AND HIS THEN-SEC CHAIR DID SOME PUBLIC ROUNDTABLES,

1:10:12 PUT OUT A CONCEPT RELEASE, AND THEN DID NOT DO IT.

1:10:15 I THINK THE PRESIDENT, EVEN THOUGH HE STILL LIKES J CLAYTON— DAVID:

1:10:20 HIS ATTORNEY IN NEW YORK.

1:10:23 GARY: HE MAY HAVE FELT SLOW-WALKED ON THAT, AND TRUMP 47 HAS COME BACK.

1:10:26 I THINK THE PRESIDENT REALLY WANTS IT

1:10:30 BUT I DON'T THINK THE CAPITAL MARKETS WANT IT.

1:10:34 CHRISTINA: DOES THIS MAKE INSIDER TRADING AND MALFEASANCE EASIER

1:10:36 TO CONCEAL IF YOU DON'T HAVE TO REPORT QUITE AS REGULARLY?

1:10:39 GARY: IT IS JUST A LITTLE BIT EASIER.

1:10:45 I WANTED TO CAUTION, LIKE, EVERY SIX MONTHS PUTTING OUT INFORMATION MEANS

1:10:49 OUR MARKETS WILL BE A LITTLE BIT MORE VOLATILE,

1:10:52 THOSE EARNINGS RELEASES, AND THIS IS A VOLUNTARY SYSTEM.

1:10:54 IT IS INTERESTING WHAT THE SEC IS SAYING.

1:10:57 THEY ARE SAYING, WE WANT TO MAKE FLEXIBILITY

1:11:02 THE ROUTE OF ALL— THE ROOT OF ALL OF THIS.

1:11:08 AND THERE IS A GREAT STUDY IN THE 1960'S,

1:11:10 THE INDIVIDUAL WENT ON TO GET A NOBEL PRIZE, GEORGE?

1:11:16 LOFT, WHO IS JANET'S HUSBAND.

1:11:20 GEORGE WROTE ABOUT LEMONS, AND TALKING ABOUT THE USED CAR MARKET, AND HE SAID,

1:11:23 THE PROBLEM IS IF YOU DON'T HAVE ENOUGH

1:11:24 INFORMATION YOU DON'T KNOW WHICH CARS ARE THE LEMONS,

1:11:30 AND THUS IT LOWERS THE PRICIEST— PRICES OF EVEN THE GOOD CARS.

1:11:32 SO, PUT THAT IN THE STOCK MARKET.

1:11:37 IF YOU LET IT BE FLEXIBLE, THE LEMONS MIGHT NOT REPORT,

1:11:39 BUT YOU DON'T KNOW WHO THE LEMONS ARE,

1:11:41 SO IT MIGHT LOWER THE VALUATION IN THE OVERALL MARKETS.

1:11:46 DAVID: WE HAVE THIS PROPOSAL, 60-DAY PERIOD IN WHICH THE PUBLIC CAN COMMENT.

1:11:48 YOU HAVE LIVED THROUGH MANY OF THESE.

1:11:51 WHAT HAPPENS AT THE END OF THAT COMMENT PERIOD?

1:11:54 GARY: THE STAFF PUTS TOGETHER ALL THE COMMENTS,

1:11:58 PUTS THINGS TOGETHER FOR THE COMMISSIONERS.

1:12:01 THERE IS ONLY THREE REPUBLICAN COMMISSIONERS NOW.

1:12:04 AND MAKES A RECOMMENDATION.

1:12:08 GENERALLY SPEAKING FROM THIS TIME TO FINALIZING

1:12:10 A RULE TAKES ANYWHERE FROM 18 TO 30 MONTHS.

1:12:14 BUT WITH THE CLOCK TICKING ON THE TRUMP ADMINISTRATION

1:12:19 THIS AGENCY MIGHT DECIDE TO MOVE FORWARD WITHIN THAT TIMEFRAME.

1:12:22 I THINK IT IS UP TO INVESTORS.

1:12:24 I THINK IT IS UP TO LISTENERS OF THIS PROGRAM TO SAY,

1:12:29 SMALL INVESTORS, LARGE INVESTORS, ACADEMICS, NEWS ORGANIZATIONS SAY, NO,

1:12:34 QUARTERLY REPORTING IS WHAT WE NEED, AND THEN KEY IS TO SOME COMPANIES,

1:12:40 SOME ISSUERS SAY, WE SHOULD DO THIS ANYWAY.

1:12:44 BEFORE THE ACC MADE IT MANDATORY IN 1970 THE NEW YORK

1:12:48 STOCK EXCHANGE IN 1926 SAID WE SHOULD MOVE TO QUARTERLY REPORTING.

1:12:52 THIS IS A 100-YEAR-OLD THING.

1:12:54 BY THE EARLY 1950'S 90% OF COMPANIES WERE DOING IT.

1:12:56 CHRISTINA: IS THIS A FATE ACCOMPLISH OR IS THERE

1:13:00 ROOM FOR THEM TO CHANGE THEIR MIND ON THIS DECISION?

1:13:02 GARY: I THINK THERE IS A PUBLIC COMMENT PERIOD,

1:13:08 AND IT IS IMPORTANT, WHETHER IT IS THE MEDIA AND ESPECIALLY LARGE COMPANIES,

1:13:11 INVESTORS AND SO FORTH TO MAKE IT IN THE EAR OF THIS WHITE HOUSE.

1:13:15 CHRISTINA: ANOTHER QUESTION ABOUT DISCLOSURES.

1:13:19 WE ARE GOING TO WATCH YOU DEFTLY DODGED THE QUESTION HERE.

1:13:21 GARY: NO WAY.

1:13:25 DAVID: WE HAVE ELON MUSK AGREEING TO A $1.5

1:13:30 MILLION SETTLEMENT WITH THE FC— WITH THE SEC.

1:13:32 HE DID NOT DISCLOSE THE POSITION HE HAD IN TWITTER.

1:13:34 THAT GOES BEFORE A JUDGE, WHICH IS CUSTOMARY.

1:13:36 THE JUDGE CAN SAY, I WANT TO HEAR THE REASONS FOR THE SETTLEMENT.

1:13:43 YOU WERE AT THE SEC WHEN THIS ISSUE CAME ABOUT.

1:13:46 GARY: AND YOU WANTED ME TO GET UP AND DANCE?

1:13:49 LOOK, I RAN A CIVIL LAW ENFORCEMENT AGENCY,

1:13:52 SO I CANNOT COMMENT ON ANY INDIVIDUAL THING

1:13:55 WE WORKED ON, BUT IT IS ABOUT TRANSPARENCY.

1:14:01 AND CONGRESS IN THE 1960'S CAME TOGETHER—

1:14:01 THERE WAS A SENATOR WILLIAMS FROM NEW JERSEY.

1:14:08 WILLIAMS ACT AND SAID,

1:14:09 WE NEED DISCLOSURE ABOUT WHEN SOMEBODY IS ACCUMULATING SHARES IN A COMPANY.

1:14:15 IF YOU ACCUMULATE OVER 5%— DAVID: WHICH MR.

1:14:17 MUSCAT DID— GARY: THEN YOU NEED TO REPORT

1:14:20 TO THE PUBLIC THAT YOU HAVE SOME INTENT TO CONTROL.

1:14:25 HE SHORTENED THAT TIME PERIOD FROM 10 DAYS TO FIVE DAYS,

1:14:29 BECAUSE THAT IS REALLY MATERIAL,

1:14:30 NONPUBLIC INFORMATION THAT THERE IS SOMEBODY ACCUMULATING.

1:14:35 WHAT HAPPENS GENERALLY WHEN IT IS ANNOUNCED, THE STOCK POPS.

1:14:40 CHRISTINA TALKED ABOUT INSIDER TRADING.

1:14:43 IT HAPPENS IN THOSE FIVE DAYS UNTIL IT IS ANNOUNCED AND WHO KNOWS ABOUT IT?

1:14:46 WHICH LAWYERS KNOW ABOUT IT?

1:14:51 THAT IS A REALLY IMPORTANT THING.

1:14:54 THIS IS NOT A SMALL TRAFFIC VIOLATION.

1:14:57 THAT TRANSPARENCY IN THE MARKETS REALLY HELPS THE PUBLIC.

1:14:59 CHRISTINA: BUT HOW WAS THE ENFORCEMENT OF THAT?

1:15:01 IS IT ROBUST OR HARD TO ENFORCE A LOT OF THESE RULES?

1:15:06 GARY: WELL, IT FIRST COMES FROM A LITTLE BACKBONE FROM THE ADMINISTRATION.

1:15:13 THE COP ON THE BEAT MATTERS AND IF THE COP ON THE BEAT

1:15:19 ENFORCES AND SAYS THE LAW ON THIS IS NOT AN INTENSE LAW,

1:15:23 IT IS WHAT LAWYERS CALL PER SE,

1:15:25 IT IS YOU HAVE GONE TOO LONG, THAT IS A VIOLATION.

1:15:28 IT IS SORT OF STRAIGHTFORWARD STUFF.

1:15:31 DAVID: I WANT TO PIVOT TO THE SUMMIT COMING UP THIS WEEK.

1:15:35 WE WERE TALKING WITH AMBASSADOR BURNS.

1:15:42 YOU ALSO WERE INVOLVED IN THESE ISSUES AT THE SEC.

1:15:45 WE HAVE SEEN OVER THE LAST FEW WEEKS THE CHINESE

1:15:48 ADMINISTRATION PUSHING BACK ON FOREIGN INVESTMENT IN CHINESE TECH COMPANIES.

1:15:52 I WOULD LOVE TO GET YOUR SENSE OF WHERE THINGS STAND.

1:15:56 THEY HAVE BEEN SO RELIANT ON WESTERN CAPITAL FOR SO LONG NOW.

1:15:59 IS IT WORRISOME TO CAPITAL MARKETS NOW THAT WE

1:16:00 SEE THIS PROHIBITION IN PLACE BY THE CHINESE GOVERNMENT?

1:16:03 GARY: I DID WORK CLOSELY WITH NICK AND WE DID WORK WITH THE CHINESE

1:16:08 AND SUCCESSFULLY GOT THE CHINESE TO AGREE THAT THEIR COMPANIES HERE IN THE U.S.,

1:16:13 THE CHINESE COMPANIES IN THE U.S., WOULD COMPLY WITH OUR LAWS.

1:16:15 AND FOR 20 YEARS PREVIOUSLY FOLKS WERE NOT SUCCESSFUL.

1:16:19 SO, THANK YOU, NICK BURNS.

1:16:21 WE WERE PROUD TO DO THAT AS WELL.

1:16:23 THAT IS GOOD FOR THE U.S.

1:16:25 CAPITAL MARKETS, THAT WE KEPT THOSE COMPANIES HERE.

1:16:30 BECAUSE WE ARE, LIKE, HALF OF THE WORLD'S CAPITAL MARKETS.

1:16:33 I DON'T WANT TO ADOPT THE EUROPEAN APPROACH.

1:16:37 THAT CAPITAL MARKET HAS SEMIANNUAL REPORTING.

1:16:39 IT IS NOT AS GOOD.

1:16:40 IN TERMS OF WHAT IS HAPPENING THIS WEEK,

1:16:43 FOR THOSE OF YOU WHO DO NOT WANT TO LISTEN TO SIMON

1:16:47 AND JOHNSON AND I DO HAVE AN EPISODE COMING OUT MONDAY ON CHINA.

1:16:52 DAVID: SHAMELESS TEASE.

1:16:54 I LIKE THAT.

1:16:55 GARY: MY THOUGHT IS, ON THE TABLE THE CHINESE DO WANT TO GET

1:16:59 A LITTLE LOOSENING ON TAIWAN AND THEY HAVE TALKED ABOUT THAT.

1:17:02 THE PRESIDENT WANTS TO HAVE SOME DELIVERABLES MAY BE ON SOYBEANS,

1:17:07 AND OTHER THINGS FOR— IT IS AN ELECTION YEAR— FOR THE FARM BILL.

1:17:13 AND THEN THE BUSINESS COMMUNITY WANTS A LOWERING

1:17:14 OF THE TENSION ON TRADE AND TARIFFS.

1:17:16 THERE WOULD BE REAL QUESTIONS.

1:17:19 WITH THE PRESIDENT GIVE PRESIDENT XI SOMETHING ON TAIWAN?

1:17:24 THEY ARE ALREADY HOLDING UP A MILITARY SALE OF ABOUT $11 BILLION,

1:17:27 AND NICK WOULD LIKE TO HAVE THAT CONTINUE.

1:17:29 BUT IT WOULD BE REALLY INTERESTING WHAT HAPPENS THERE.

1:17:33 I THINK CHINA HAS— IS STRONGER TODAY THAN THERE WERE 18 MONTHS AGO.

1:17:41 I THINK THE WAR IN IRAN HAS STRENGTHENED CHINA AND CHINA NOW SEEMS LIKE,

1:17:45 WELL, THERE MAY BE AN ALTERNATIVE TO THE U.S.

1:17:49 NOW, HOW THAT PLAYS OUT IN THE CAPITAL MARKETS,

1:17:50 OF COURSE IF THEY DO NOT SETTLE THINGS DOWN

1:17:54 THIS WEEK WAR KICK THE BALL DOWN THE FIELD,

1:17:57 WHICH I THINK THAT IS WHAT PRESIDENT TRUMP WANTS TO DO ELECTORALLY—

1:18:00 KICK THE BALL DOWN THE FIELD— THEN CAPITAL MARKETS MIGHT FALL OFF.

1:18:06 DAVID: I DO WANT TO ASK— CHRISTINA: I DO WANT TO ASK YOU ABOUT OIL.

1:18:11 WE ONLY HAVE ONE OIL QUESTION, BUT WE SAW BRENT CRUDE PLUNGED $10 A BARREL EARLY

1:18:16 ON WEDNESDAY AFTER YOU HAD THIS REPORT THAT THE U.S.

1:18:17 AND IRAN WERE NEARING AN AGREEMENT.

1:18:19 AN HOUR BEFORE THAT WAS PUBLISHED TRADERS EXCHANGED $700 MILLION IN OIL FUTURES,

1:18:28 RAISING SUSPICIONS OF INSIDER INFORMATION.

1:18:31 WHY IS THIS SOMETHING THE GOVERNMENT IS WATCHING SO CLOSELY?

1:18:37 GARY: WELL, LOOK, THERE IS A REAL CHALLENGE AROUND PROTECTING MARKETS.

1:18:40 THE INTEGRITY OF MARKETS AGAINST INSIDER TRADING.

1:18:42 OVER AND OVER AGAIN WE HAVE SEEN THIS YEAR THESE HAPPENINGS.

1:18:48 WHERE SOMEBODY GETS INTO A MARKET,

1:18:51 MAYBE THEY ARE GOING INTO POLYMARKET OR KALSHI,

1:18:54 BUT HERE SOMETIMES IT IS EVEN GOING INTO THE OIL FUTURES MARKETS.

1:19:00 I THINK THE OIL FUTURES MARKETS

1:19:02 ARE INTER-SUPERVISED AND THE KALSHIS AND POLYMARKET.

1:19:05 THAT IS GOING TO HAVE TO PLAY OUT.

1:19:07 I DEFINITELY THINK CONGRESS SHOULD PASS SOME LAWS

1:19:11 THAT THE GOVERNMENT ACTORS CANNOT TRADE IN THESE PRODUCTION MARKETS.

1:19:15 DAVID: GREAT TO SEE.

1:19:16 THE PODCAST IS "POWER AND CONSEQUENCES." HE COHOSTS IT WITH SIMON.

1:19:22 APPRECIATE YOUR TIME.

1:19:24 GARY: THANK YOU SO MUCH.

1:19:29 DAVID: WE ARE GOING TO SPEAK WITH DEMOCRATIC CONGRESSMAN RO KHANNA.

1:19:33 WE ARE GOING TO ASK HIM ALSO ABOUT PRESIDENT TRUMP'S TRIP

1:19:36 TO CHINA AND DEMOCRATS' CHANCES OF RETAKING THE HOUSE THIS FALL.

1:19:41 CHRISTINA: IT IS ONE OF THE FANCIEST PARTIES IN THE WORLD.

1:19:43 THE MET GALA.

1:19:44 WE GOT A SNEAK PEEK.

1:19:46 DAVID: THE CEO OF THE METROPOLITAN MUSEUM OF MODERN ART.

1:20:09 LISA: THANK YOU FOR JOINING US LIVE ON BLOOMBERG THIS WEEKEND.

1:20:13 I'M LISA MATEO.

1:20:15 PETER WILL BE SWORN IN AS HUNGARY'S NEXT PRIME MINISTER IN HUNGRY TODAY.

1:20:24 A FORMER ORBAN INSIDER HAS— TO BOOST HUNGARY'S ECONOMY.

1:20:30 HE PROMISES TO REPAIR TIES WITH THE EU

1:20:31 AND RESTORE HUNGARY'S PLACE AMONG WESTERN DEMOCRACIES.

1:20:33 THE NEW YORK STOCK EXCHANGE IS REPORTEDLY SET

1:20:37 TO OPEN A PRIVATE MEMBERS CLUB ON WALL STREET.

1:20:41 SOURCES TELL THE FINANCIAL TIMES THE INVITE-ONLY CLUB WILL BE

1:20:45 LOCATED IN A RENOVATED FAULT THAT FORMERLY HOUSED STOCK CERTIFICATES,

1:20:50 WITH PLANS TO OPEN THIS SUMMER.

1:20:53 THE SPORTS NOW.

1:20:54 THE PGA TOUR HOLDING TWO EVENTS AS THE TRYST CHAMPIONSHIP IN CHARLOTTE,

1:21:00 NORTH CAROLINA, SANJAY M TOPS THE LEADERBOARD

1:21:00 AT ONE UNDER PAR IN SOUTH CAROLINA.

1:21:07 AND MARK HUBBARD.

1:21:09 I HOPE I DID IT JUSTICE.

1:21:13 THE KNICKS ARE UP THREE-ZERO AGAINST THE PHILADELPHIA 76ERS.

1:21:16 NEW YORKER GOING TO HAVE THEIR CHANCE TO TAKE THE SERIES TOMORROW AFTERNOON.

1:21:21 IN THE PISTONS AND THE CAVALIERS AS WELL

1:21:24 AS THE UNDER AND THE LAKERS PLAY GAME THREE TODAY.

1:21:26 I THOUGHT THIS WAS INTERESTING.

1:21:30 THE 76ERS POT 500 TICKETS THEY DONATED FOR THOSE TWO

1:21:32 HOME GAMES BECAUSE THEY DID NOT WANT KNICKS FANS BUYING THOSE.

1:21:35 CHRISTINA: THAT IS SO SHADY.

1:21:38 DAVID: THERE WERE A LOT OF KNICKS FANS

1:21:41 LAST NIGHT AND IT WAS A RAUCOUS ATMOSPHERE.

1:21:45 HARD TO OFFICIATE.

1:21:46 THERE WAS A LOT OF— DID YOU WATCH THE GAME?

1:21:49 CHRISTINA: I KNOW YOU GUYS WERE.

1:21:52 DAVID: I WAS WASHING WITH THE FAM.

1:21:55 I KNEW THE SHOW IS IN YOUR CAPABLE HANDS.

1:21:58 CHRISTINA: REALLY MADE FRIDAY NIGHT THERE.

1:22:01 THANKS, LISA.

1:22:02 DAVID: THE FIRST SUNDAY IN MAY FOR A CERTAIN SET MEANS ONLY ONE THING.

1:22:05 THE MET GALA.

1:22:09 FASHIONS HUNGER GAMES ARE NEVER WITHOUT CONTROVERSY— AND THIS YEAR

1:22:12 JUST— JEFF BEZOS AND LAUREN SANTOS BEZOS PROMPTED CALLS FOR BOYCOTT

1:22:18 WITH ATTENDEES PAYING SIX FIGURES FOR A SEAT AT A TIME

1:22:22 WHEN MANY AMERICANS ARE STRUGGLING TO PUT FOOD ON THEIRS.

1:22:25 HE CAST AN UNFLATTERING LIGHT ON ANYONE ASCENDING THOSE FAMOUS STEPS.

1:22:31 CHRISTINA: WHAT OFTEN GETS LOST IN THE DISCOURSE IS

1:22:34 THAT THE MET GALA IS THE MUSEUM'S BIGGEST ANNUAL FUNDRAISER,

1:22:39 RAISING $42 MILLION TO HELP PAY FOR EXHIBITS, PAY CURATORS,

1:22:41 AND PRESERVE SCULPTURES AND ONE OF THE LARGEST

1:22:43 FASHION HOUR— FASHION ARCHIVES IN THE WORLD.

1:22:44 BROOKE WAS THE FIRST TO SEE THE NEW EXHIBITING GALLERY.

1:22:47 WE GOT A PRIVATE TOUR WITH THE MET AT A TIME

1:22:52 WHEN ARTS AND ARTS FUNDING ARE MORE IMPORTANT THAN EVER.

1:22:57 WE LOVE YOU.

1:23:04 BEYONCE!

1:23:09 DAVID: BEFORE THE CHAOS— IT IS ALWAYS A VERY EXCITING MOMENT.

1:23:19 IT IS A BIG CELEBRATION FOR CREATIVITY,

1:23:20 FOR THE ARTS, PROFESSION, FOR NEW YORK CITY.

1:23:25 DAVID: MET DIRECTOR MAX WHOLE LINE MEDICINE IN A CLOSED

1:23:26 MUSEUM TO SHOW US WHAT THEY HAVE BEEN WORKING ON.

1:23:32 DAVID: WHAT IS THE LEAD TIME TO DEVELOPING AN EXHIBIT LIKE THIS?

1:23:36 IT TOOK US EIGHT YEARS TO GET THIS SHOW TOGETHER.

1:23:41 WE NEED TO GET ALL OF THESE IMPORTANT LOANS TO ONE PLACE.

1:23:42 THAT IS REALLY THE CHALLENGE.

1:23:45 THE PREPARATION FOR THESE SHOWS USUALLY TAKE MORE THAN TWO YEARS.

1:23:50 IMPORTANTLY, IN THIS EXHIBITION IT IS ONLY MET COLLECTION.

1:23:55 CHRISTINA: SO YOU DON'T HAVE ANY LOANS?

1:24:00 ONLY MET COLLECTION.

1:24:00 THE MET IS ONE OF THE MOST PROFOUND COLLECTIONS OF FASHION.

1:24:05 HAVE READY 7000 GARMENTS HERE.

1:24:08 FASHION IS NOT ONLY ONE OF THE REALLY

1:24:11 COMPLEX WAYS OF EXPRESSING HUMAN CREATIVITY,

1:24:13 IT IS ALSO SOMETHING THAT IS ATTUNED TO THE CURRENT TIME.

1:24:17 BUT IS— IT IS ALSO SOMETHING VERY DIFFICULT TO COLLECT.

1:24:22 CHRISTINA: IT IS VERY PERISHABLE, RIGHT?

1:24:26 IT TAKES A LOT OF SPACE.

1:24:28 THE MET GALA PROVIDES THE FUNDS NECESSARY TO RUN A DEPARTMENT,

1:24:32 TO RUN A COLLECTION,

1:24:34 THE PRESERVATION OF FATTENED— FASHION HISTORY FOR OUR COMMUNITIES.

1:24:39 CHRISTINA: CAN WE GO TAKE A LOOK?

1:24:42 REAL ESTATE IS AT A PREMIUM.

1:24:44 THE MUSEUM CANNOT EXPAND ANYMORE AND TO CENTRAL PARK,

1:24:46 SO IT HAS TO FIND WAYS TO CARVE

1:24:48 OUT GALLERY SPACE WITHIN THE PRE-EXISTING FOOTPRINT.

1:24:53 THIS WAS THE RETAIL SHORE.

1:24:55 CHRISTINA: THIS WAS A GIFT SHOP?

1:24:57 WE ACTUALLY CHANGED THE GIFT SHOP INTO A GRAND EXHIBITION GALLERY.

1:25:01 YOU ARE THE FIRST TO SEE THE NEW GALLERIES OF THE MET.

1:25:07 THESE ARE ALL OBJECTS FROM THE MET'S COLLECTION.

1:25:11 IT IS CALLED COSTAMARE.

1:25:13 WHAT IT TELLS YOU IS THE STORY OF THE IMPORTANCE OF THE DRESS BODY,

1:25:20 OF FASHION IN ART, IN ART HISTORY.

1:25:21 ON THE ONE HAND YOU SEE FANTASTIC COSTUMES.

1:25:23 ON THE OTHER HAND YOU ALSO SEE HOW ALL OF THE OTHER ARTWORKS,

1:25:29 AND ON THE OTHER HAND ALSO OTHER ART INFLUENCES FASHION AND VICE VERSA.

1:25:33 CHRISTINA: FASHION CAN ALSO BE POLITICAL, RIGHT?

1:25:37 OF COURSE.

1:25:38 IT IS AN EXPRESSION OF POWER.

1:25:41 FASHION RESPONDS SO IMMEDIATELY TO OUR CURRENT TIME.

1:25:46 DAVID: I IMAGINE IT IS UNIQUE IN THAT YOU HAVE

1:25:49 CURATORS WORKING TOGETHER IN A WAY THEY WOULD NOT OTHERWISE.

1:25:54 WE HAVE 140 CURATORS WORKING HERE.

1:25:55 EVERYONE IS SPECIALIZED IN THEIR AREA.

1:25:57 WE NEED TO CREATE MORE OPPORTUNITIES FOR THEM

1:26:02 AND FOR DIFFERENT AREAS TO BE IN DIALOGUE, IN CONVERSATION.

1:26:03 WE WANT TO HAVE ONE INSPIRE THE OTHER.

1:26:05 CHRISTINA: DAVID, THIS IS MENSWEAR.

1:26:08 YOU CAN WEAR THIS ONSET.

1:26:12 YOU SHOULD TAKE INSPIRATION.

1:26:13 YES, WHAT YOU NEED TO WEAR, RIGHT?

1:26:15 CHRISTINA: I'M GOING TO PUSH HIM AND TELL THEM IT IS ART SO HE HAS TO DO IT.

1:26:23 DAVID: THE CUSTOM INSTITUTE IS ONLY ONE SMALL PIECE OF THE BIGGER PICTURE.

1:26:26 AFTER STRUGGLING TO SURVIVE COVID AND THEY HIT THE PATRONS

1:26:30 AND PATRONAGE LAST YEAR THE MET HAD ITS HIGHEST ATTENDANCE SINCE 2019.

1:26:36 WE HAVE 6.3 MILLION VISITORS PER YEAR.

1:26:39 WE ARE CURRENTLY UNDERGOING A TOTAL OVERHAUL

1:26:41 OF ABOUT ONE QUARTER OF OUR ENTIRE GALLERY SYSTEM.

1:26:46 YOU ARE THE DIRECTOR.

1:26:48 WHEN IT COMES TO BENEFACTORS, IS THERE MORE RELUCTANCE NOW BECAUSE

1:26:51 OF THE BROADER CULTURAL UNDERTONES THAT WE HAVE?

1:26:54 CHRISTINA: OR JUST THE ECONOMY?

1:26:58 SO, WE HAVE SEEN THE OPPOSITE.

1:27:04 YOU SEE THIS YEAR BEING ENORMOUSLY SUPPORTIVE.

1:27:07 I THINK THERE ARE VARIOUS WAYS.

1:27:10 IT IS AUDIENCES, IT IS COMMUNITIES,

1:27:12 AND I THINK BROADER PURPOSES WE ALL CARE ABOUT,

1:27:15 NO MATTER WHERE YOU ARE ON THE POLITICAL SPECTRUM.

1:27:17 CHRISTINA: THAT MEANS INVESTING $1.5 BILLION OVER THE NEXT DECADE I'M

1:27:21 BUILDING OUT EXHIBITS TO BE MORE INCLUSIVE ACROSS GEOGRAPHY AND TIME.

1:27:30 IT IS VERY IMPORTANT TO NOT HAVE ONLY GREEK AND ROMAN AND EUROPEAN,

1:27:33 BUT ALSO APPLY THE SAME CARE, APPLY THE SAME GRANDEUR,

1:27:38 THE SAME RIGOR TO ALL OF THE OTHER AREAS.

1:27:43 DAVID: PLACING A BUST FROM NORTHERN

1:27:46 PAKISTAN BESIDE A EUROPEAN MASTER AND DISPLAYING

1:27:48 A CONGOLESE POWER FIGURE NOT AS AN ARTIFACT BUT A SIGNIFICANT WORK UNTO ITSELF.

1:27:55 I THINK IT IS ALSO IMPORTANT TO SEE THEY

1:27:57 WALK THROUGH THESE GALLERIES AND THINK IT IS ARCHAEOLOGY,

1:27:58 BUT A LOT OF IT IS CONTEMPORARY ART.

1:28:00 GARY: CAN YOU SPEAK TO WHAT YOU HAVE IN STORE OVER THE NEXT YEAR OR SO?

1:28:09 WE REOPENED THE EUROPEAN PAINTINGS GALLERIES.

1:28:10 WE REOPENED THE ROCKEFELLER WING.

1:28:13 WE WILL REOPEN NEW COSTUME GALLERIES IN A COUPLE OF DAYS.

1:28:18 NEXT YEAR WE WILL REOPEN OUR ANCIENT WEST ASIAN

1:28:22 GALLERIES AND THEN OUR NEW WING FOR MODERN, CONTEMPORARY ART.

1:28:24 THAT ALONE IS A MASSIVE PROJECT, CONSTRUCTION OF $600 MILLION.

1:28:32 CHRISTINA: ARE YOU TRYING TO GET PEOPLE TO HAVE

1:28:34 THOSE CONVERSATIONS AS YOU MOVE THROUGH THE MUSEUM?

1:28:37 THAT IS EXACTLY RIGHT.

1:28:38 THE WHOLE MUSEUM BECOMES MORE FLUID.

1:28:39 WE SHOW HOW SOUTH AFRICAN ART IS CONNECTED TO EUROPEAN ART IN THAT CONTEXT.

1:28:47 DAVID: WHO WERE THOSE COMING TO THE MET IN 2026?

1:28:51 OUR AVERAGE AGE IS 35.

1:28:52 WE HAVE PEOPLE FROM A YOUNG AGE TO THE END OF THEIR LIFE.

1:28:55 IT SHOWS YOU THE DIVERSITY OF OUR AUDIENCE

1:28:58 AND OUR LOCAL VISITOR SHIP IS ENORMOUSLY STRONG.

1:29:01 THEN, OF COURSE, DOMESTIC AND INTERNATIONAL TOURISM.

1:29:07 CHRISTINA: LAST MONDAY'S GALA RAISED $42 MILLION

1:29:11 TO FUND NOT JUST THE CUSTOM INSTITUTE,

1:29:13 BUT MUSEUM ACTIVITIES FOR ALL OF ITS VISITORS, MATTER WHAT THEY WEAR.

1:29:17 WHY IS NOW A GOOD STATEMENT— NOW A GOOD

1:29:22 TIME FOR A STATEMENT ABOUT THE IMPORTANCE OF FASHION?

1:29:27 IT HAS BEEN AN INSTITUTION FOR A LONG TIME.

1:29:29 HE RESPONDS QUICKLY TO WHAT IS GOING ON IN THE WORLD,

1:29:31 HOW CONTEMPORARY CULTURE FEELS.

1:29:33 IT IS SOMETIMES FASTER AND MORE IMMEDIATE.

1:29:36 AND I LOVE IT.

1:29:38 DAVID: WE ENDED WITH THAT LITTLE ENSEMBLE THERE.

1:29:41 CHRISTINA: I LOVE IT, HIS WIFE NEED A MAID THAT DRESS AND WAS INCREDIBLE TOO.

1:29:49 DAVID: ON A NORMAL DAY FOR US TO HAVE IT ALL TO OURSELVES.

1:29:52 CHRISTINA: IT WAS PRETTY COOL.

1:29:54 DANIEL DAY KIM IS BACK WITH A SPECIAL SATURDAY QUIZ SEGMENT.

1:29:58 DAVID: THE LATEST ON THAT LUXURY CRUISESHIP DOCKED OFF THE COAST OF WEST AFRICA.

1:30:01 THAT IS COMING UP.

1:30:11 DAVID: WELCOME BACK.

1:30:13 EARLIER WE SPOKE WITH DANIEL DAE KIM ABOUT HIS NEW SERIES,

1:30:17 LOOKING AT THE FAST GROWING POPULARITY OF K-POP CULTURE.

1:30:21 CHRISTINA: DANIEL THOUGHT IT WOULD BE FUN

1:30:23 TO QUIZ US ON OUR KOREAN CULTURAL KNOWLEDGE.

1:30:24 WE DID SUBJECT OURSELVES TO THAT EMBARRASSMENT, BUT HE DID A GREAT JOB.

1:30:30 DANIEL: I KNOW YOU DO THIS EVERY WEEK.

1:30:33 CHRISTINA: YOU ARE OUR FIRST GUEST QUIZ MASTER.

1:30:38 DANIEL: I AM HONORED.

1:30:40 I PREPARED QUESTIONS IN CERTAIN CATEGORIES,

1:30:42 CHAR, FINANCE, SPORTS, MUSIC, AND FOOD.

1:30:44 DAVID: ALL UNDER THE AGES OF KOREAN CULTURE?

1:30:47 DANIEL: IT HAS SOMETHING TO DO WITH KOREAN.

1:30:50 DAVID: YOU HAVE NOT SEEN THESE QUESTIONS.

1:30:52 CHRISTINA: WHY DO YOU THINK WE ARE COLLUDING?

1:30:55 DAVID: BECAUSE I LOSE SO FREQUENCY.

1:30:59 DANIEL: I ROOTING FOR YOU, DAVID.

1:31:01 ARE YOU READY?

1:31:03 FIRST QUESTION.

1:31:04 SOUTH KOREAN STOCKS JUST REGISTERED THEIR SECOND-BEST MONTH EVER.

1:31:13 OVERTAKING WHICH COUNTRY'S MEAN— STOCK MARKET

1:31:15 TO BECOME THE WORLD'S EIGHT LARGEST?

1:31:18 DAVID: WOW.

1:31:20 I'M REALLY JUST GOING TO GUESS.

1:31:22 ARE YOU GUESSING AS WELL?

1:31:23 CHRISTINA: YES, BUT IT IS A MULTIPART.

1:31:25 DAVID: I WROTE JAPAN.

1:31:27 CHRISTINA: IT IS CANADA TODAY, BUT IT WAS THE U.K.

1:31:32 LAST WEEK.

1:31:33 DAVID: ODDLY SPECIFIC.

1:31:35 DANIEL: ODDLY SPECIFIC BUT VERY CORRECT.

1:31:37 CHRISTINA: I LITERALLY GOOGLED KOREAN NEWS

1:31:40 AND THIS IS THE FIRST THING THEY CAME UP.

1:31:43 DANIEL: SO YOU STUDY?

1:31:45 CHRISTINA: YES.

1:31:45 DAVID: THAT SAYS A LOT ABOUT US.

1:31:48 CHRISTINA: CHEATING AND STUDYING ARE TWO DIFFERENT THINGS.

1:31:51 AND THEN CANADA TODAY.

1:31:52 DAVID: WE ALL LEARN SOMETHING.

1:31:54 OFTEN FROM YOU.

1:31:56 CHRISTINA: RIGHT, WHAT IS THE NEXT QUESTION?

1:32:00 DANIEL: SPORTS.

1:32:02 DAVID: DEFINITELY HER STRONG SUIT.

1:32:07 CHRISTINA: SPORTSBALL.

1:32:09 LAID ON ME.

1:32:12 DANIEL: A KOREAN PROFESSIONAL ATHLETE SIGNED A $26 MILLION TRANSFER

1:32:19 FEE TO MAKE HIS DEBUT FROM WHICH AMERICAN CITY'S SPORTS TEAM?

1:32:26 CHRISTINA: I HAVE ABSOLUTELY NO IDEA.

1:32:29 DAVID: WHAT METROPOLITAN AREA CAN I THINK OF RIGHT NOW?

1:32:34 LOS ANGELES.

1:32:35 CHRISTINA: YANKEES.

1:32:36 DAVID: THAT'S NOT A CITY.

1:32:40 [LAUGHTER] CHRISTINA: ALL RIGHT, NEW YORK.

1:32:44 DANIEL: DAVID, YOU'RE CORRECT.

1:32:46 IT IS LOS ANGELES, BUT I WILL GIVE YOU A BONUS POINT

1:32:49 IF YOU CAN TELL ME WITHOUT LOOKING AT THE MONITOR, WHAT SPORT?

1:32:52 DAVID: I WAS GOING TO SAY BASEBALL, BUT THAT IS NOT RIGHT.

1:32:55 DANIEL: SOCCER, RIGHT THERE.

1:32:58 THE PLAYERS CALL HIM SONNY.

1:33:01 CHRISTINA: THE SOUTH KOREANS WOMEN'S TEAM IS ALWAYS REALLY GOOD.

1:33:05 DANIEL: THEY ARE.

1:33:06 DROPPING SOME KNOWLEDGE.

1:33:08 [LAUGHTER] CHRISTINA: YOU KNOW IT, I DON'T LIKE THIS.

1:33:13 YOU TWO, DON'T BOND.

1:33:15 DANIEL: IT IS TIED, 1-1.

1:33:18 THE NEXT CATEGORY IS MUSIC.

1:33:21 I WILL EVEN BE MORE SPECIFIC.

1:33:25 K-POP, OK?

1:33:26 DAVID: I SUSPECTED WE MIGHT GO HERE.

1:33:30 DANIEL: WORLD SUPERSTARS ETS JUST MADE A HUGE

1:33:32 COMEBACK AFTER FOUR YEARS YOUNG OUT OF THE SPOTLIGHT.

1:33:36 WHAT DO THEY CALL THEIR DEDICATED FAN BASE?

1:33:39 THE BTS BLANK?

1:33:40 CHRISTINA: GOD, IT IS LIKE— IT IS LIKE THIS, BUT IT IS NOT.

1:33:50 DAVID: I WROTE THE BTS-ERS.

1:33:53 CHRISTINA: I WROTE MOM ORIGINALLY— MOB ORIGINALLY, BUT THEN I CHANGE IT TO ARMY.

1:33:58 DANIEL: OH, IT'S MOB.

1:34:00 NO, IT'S ARMY, IT IS CORRECT.

1:34:02 [LAUGHTER] THAT IS CORRECT.

1:34:06 CHRISTINA: DOES YOUR DAUGHTER NOT K-POP?

1:34:10 DAVID: THEY LOVE KPOP DEMON HUNTERS AND I HAVE HEARD THE SOUNDTRACK MANY TIMES.

1:34:15 CHRISTINA: YOU KNOW HE IS IN THAT?

1:34:18 DANIEL: LIKE THE 1950'S, DOO-WOP.

1:34:22 DAVID: I WILL TRADE MARKET AFTER THE SHOW.

1:34:27 CHRISTINA: I WILL CIRCLE MY SCORE UP.

1:34:31 DANIEL: I THINK THIS IS THE EASIEST QUESTION, ALL RIGHT?

1:34:32 DAVID: IT IS FOOD.

1:34:36 DANIEL: FOOD.

1:34:38 WHAT KOREAN FOOD, IN ADDITION TO BEING TASTY,

1:34:42 WAS RECENTLY FOUND TO HELP ELIMINATE NANO PLASTICS IN THE BODY?

1:34:47 DAVID: I FEEL LIKE THIS IS PRETTY EASY, AND I WROTE KIMCHI.

1:34:52 DANIEL: KIMCHI IS CORRECT.

1:34:55 NOT ONLY IS IT A PROBIOTIC,

1:34:59 NOT ONLY HAVE STUDIES FOUND IT TO IMPROVE IMMUNE RESPONSE,

1:35:01 BUT RECENTLY THERE WAS A STUDY THAT SAID

1:35:03 IT CAN FLUSH NANO PLASTICS OUT OF YOUR BODY.

1:35:05 DAVID: WHICH WE ARE ALL WORRIED ABOUT NOW.

1:35:08 DANIEL: WE BOTH GOT IT RIGHT.

1:35:13 IT IS RICK FEENEY THREE, DAVID, TWO.

1:35:20 CHRISTINA RUFFINI, THREE, DAVID, TWO.

1:35:21 DAVID GOT A SPORTS QUESTION, SO THAT IS MY BEHALF.

1:35:24 [LAUGHTER] CHRISTINA: ALWAYS NICE TO SEE YOU.

1:35:26 DANIEL: CONGRATULATIONS TO THE CHAPTER.

1:35:29 CHRISTINA: CONGRATULATIONS ON THE SERIES AND THANKS

1:35:31 FOR BEING OUR FIRST GUEST QUIZ MASTER.

1:35:33 DAVID: WE SHOULD DO MORE OF THAT.

1:35:37 I WOULD LIKE TO WIN.

1:35:38 THIS IS, LIKE, A FRIEND OF YOURS.

1:35:39 CHRISTINA: WE DID NOT COLLUDE.

1:35:43 I RESENT THE IMPLICATION THAT I AM CHEATING ON THESE QUIZZES.

1:35:46 LISA: SHE JUST STUDIES.

1:35:48 DAVID: I FEEL LIKE HE WAS VERY CHARISMATIC AND A GREAT GUY.

1:35:53 CHRISTINA: HE IS AN ACTOR.

1:35:56 DAVID: I DON'T MEAN TO KEEP HAWKING THE SERIES,

1:36:00 BUT HE IS NAVIGATING THE WILDS OF BEAUTY AND THE LIKE.

1:36:03 CHRISTINA: HE COULD DO OUR JOBS PAY OR HE IS VERY GOOD AT TALKING TO ALL PEOPLE.

1:36:08 LISA: AND MAYBE GAME SHOW HOST.

1:36:11 CHRISTINA: LISA, YOU'RE GOING TO HAVE TO PLAY WITH US NEXT TIME.

1:36:15 DAVID: I WILL TELL THE BOSSES NEXT TIME I'M OUT OF TOWN,

1:36:16 MAYBE THEY CAN SLOT HIM IN.

1:36:18 HIS DAY RATE, I'M SURE, IS VERY REASONABLE.

1:36:20 CHRISTINA: ALTHOUGH YOU HAVE BEEN TEASING ME.

1:36:25 I THINK I WOULD TAKE A POTTED PLANT.

1:36:28 DAVID: THANKS TO DANIEL DAE KIM FOR THE INTERVIEW, AND THAT GAME AS WELL.

1:36:34 A LOT OF SERIOUS NEWS THIS MORNING AS WELL.

1:36:38 THE MIDDLE EAST, WAITING ON THAT RESPONSE FROM THE IRANIANS TO THE U.S.

1:36:41 PROPOSAL.

1:36:42 JOINING US LIVE IS DEMOCRATIC CONGRESSMAN RO KHANNA OF CALIFORNIA.

1:36:46 HE IS A MEMBER OF THE HOUSE ARMED SERVICES

1:36:50 AND IS ON THE SELECT COMMITTEE ON THE CCP.

1:36:53 WE WILL TALK ABOUT THE PRESIDENT'S VISIT TO CHINA RIGHT NOW.

1:37:09 DAVID: COMING UP ON BLOOMBERG THIS WEEKEND, THE U.S.

1:37:14 FIGHTER JET STRIKES TWO IRANIAN-FLAGGED TANKERS AS THE LIGHTHOUSE

1:37:18 WAITS FOR IRAN'S RESPONSE TO END THE WAR.

1:37:23 PRES.

1:37:24 TRUMP: THEY HAVE NO— DAVID:

1:37:27 THE LATEST FROM A REPORTER TRAVELING WITH THE PRESIDENT.

1:37:31 CHRISTINA: 18 FROM THE CDC DISPATCHED TO THE CANARY ISLANDS WILL THEY

1:37:34 WILL MEET AMERICANS ON A HANTAVIRUS HIT CREW SHIP AND THEY DOCK TOMORROW.

1:37:37 WHAT IS NEXT AS THE PASSENGERS PREPARED A QUARANTINE?

1:37:41 DAVID: IS THE PRESIDENT PREPARES TO GO TO CHINA,

1:37:45 CONGRESSMAN RO KHANNA GOES TO THE RUST BELT.

1:37:50 WE WILL TALK TO THE CALIFORNIA DEMOCRAT ABOUT HOW AMERICAN MANUFACTURERS CAN DO.

1:37:57 [INTRO MUSIC] CHRISTINA: WELCOME BACK TO BLOOMBERG THIS WEEKEND,

1:38:06 COMING TO YOU FROM BLOOMBERG'S WORLD HEADQUARTERS IN NEW YORK.

1:38:09 I'M CHRISTINA RUFFINI.

1:38:11 DAVID: I'M DAVID GURA WITH LISA MATEO ON THE NINTH OF MAY.

1:38:14 A LOT IS HAPPENING IN THE MIDDLE EAST,

1:38:16 WAITING FOR THE RESPONSE FROM THE IRANIANS.

1:38:18 WE HAVE THE CEASE-FIRE IN UKRAINE OVER THE NEXT FEW DAYS.

1:38:21 TRACKING THAT AND WHAT IS HAPPENING WITH THIS SHIP.

1:38:24 CHRISTINA: THE CRUISESHIP AND WHETHER OR NOT

1:38:26 THE AMERICANS ON THE SHIP WILL HAVE TO QUARANTINE.

1:38:30 WHAT THAT LOOKS LIKE.

1:38:32 WE WILL HAVE EXPERTISE TO WALK US THROUGH ON WHAT

1:38:36 IS GOING ON WITH THAT, BUT FIRST LET'S GO TO LISA.

1:38:40 LISA: THE CREW SHIP EXPERIENCING A DEADLY HANTAVIRUS OUTBREAK MAKING ITS

1:38:44 WAY TO THE CANARY ISLANDS AND IS EXPECTED TO ARRIVE TOMORROW.

1:38:47 SPANISH AUTHORITIES ARE PREPARING TO RECEIVE MORE

1:38:50 THAN 100 40 PASSENGERS AND CREW MEMBERS.

1:38:51 HEALTH OFFICIALS SAY THEY WILL PERFORM CAREFUL EVACUATIONS.

1:38:56 THE U.S.

1:38:57 AGREED TO SEND A PLANE TO RETURN MORE THAN

1:39:00 A DOZEN AMERICANS WHO ARE STILL ON THE SHIP.

1:39:04 THE PASSENGERS WILL BE ISOLATED AT THE NATIONAL QUARANTINE UNIT

1:39:05 AT THE UNIVERSITY OF NEBRASKA MEDICAL CENTER AND NEBRASKA MEDICINE.

1:39:10 CHANGE MUST ARE 20 SPACES IN THE QUARANTINE UNIT

1:39:15 AND WE ARE MAKING PREPARATIONS TO RECEIVE THE 19 U.S.

1:39:19 CITIZENS TO BE REPATRIATED.

1:39:23 THE QUARANTINE UNIT HAS AN OUTSTANDING FACILITIES DESIGNED TO LIMIT

1:39:26 THE SPREAD OF A PATHOGEN WE ARE MONITORING FOR.

1:39:28 ALL OF THESE PASSENGERS WILL BE MONITORED FOR SYMPTOMS.

1:39:31 THEY ARE ALL WELL AT THIS TIME AND WILL BE COMING TO US FOR MONITORING.

1:39:35 LISA: HANTAVIRUS IS A RARE FAMILY OF VIRUSES THAT'S CARRIED BY RODENTS.

1:39:40 THREE PASSENGERS HAVE DIED.

1:39:42 THE U.S.

1:39:43 IS AWAITING A RESPONSE FROM IRAN TO ITS LATEST PROPOSAL TO END THE WAR.

1:39:46 PRESIDENT TRUMP WAS ASKED ABOUT IT LAST NIGHT.

1:39:49 PRES.

1:39:49 TRUMP: WE WILL SEE WHAT HAPPENS.

1:39:52 THEY HAVE NO MILITARY.

1:39:54 NOT A LOT LEFT.

1:39:55 WE WILL SEE WHAT HAPPENS.

1:39:57 LISA: PRESIDENT TRUMP'S PLAN PROPOSES THE ISLAMIC REPUBLIC

1:40:01 REOPEN THE STRAIT OF HORMUZ AND THE U.S.

1:40:04 END A BLOCKADE OF IRANIAN PORTS OVER THE NEXT MONTH.

1:40:07 LET'S TAKE YOU TO THE RUSSIA-UKRAINE WAR.

1:40:11 PRESIDENT TRUMP ANNOUNCED A THREE-DAY CEASE FIRE

1:40:14 AND PRISONER SWAP BETWEEN THE TWO NATIONS.

1:40:17 PRES.

1:40:18 TRUMP: THEY AGREED TO GIVE 1000 ON EACH SIDE, 1000 PRISONERS BACK.

1:40:22 THEY WILL BE TRANSFERRING ALMOST IMMEDIATELY 1000 PRISONERS FROM EACH SIDE.

1:40:26 THAT'S VERY GOOD.

1:40:27 RUSSIA, UKRAINE.

1:40:28 LISA: THAT WILL COINCIDE WITH RUSSIA'S VICTORY DAY CELEBRATIONS

1:40:34 TO MARK THE WORLD WAR II VICTORY OVER NAZI GERMANY.

1:40:39 UKRAINE HAS INTENSIFIED STRIKES ON RUSSIA

1:40:42 HITTING LOCATIONS DEEPER INSIDE THE COUNTRY.

1:40:45 A VOLCANIC ERUPTION ON A REMOTE INDONESIAN ISLAND KILLED THREE

1:40:47 HIKERS AND INJURED FIVE WHO WERE CLIMBING IN A RESTRICTED AREA.

1:40:50 ABOUT 20 CLIMBERS HAD SET OUT DESPITE THE SAFETY RESTRICTIONS.

1:40:55 DAVID: THANK YOU VERY MUCH.

1:40:58 LISA MATEO WITH HEADLINES.

1:41:00 U.K.

1:41:01 WILL DEPLOY ONE OF ITS WARSHIPS

1:41:03 TO THE MIDDLE EAST FOR EUROPEAN-LIKE MISSION TO ESCORT

1:41:06 SHIPS THROUGH THE STRAIT OF HORMUZ WHEN THERE IS A STABLE CEASE-FIRE IN PLACE.

1:41:12 THIS FROM PICTURES FROM CENTCOM SHOWING FLAMES

1:41:16 AND PLUMES OF SMOKE AFTER FIGHTER JET

1:41:17 DISABLED TWO IRAN-FLAGGED TANKERS THAT THEY SAID

1:41:21 WERE VIOLATING THE BLOCKADE OF IRANIAN PORTS.

1:41:25 CHRISTINA: IRAN WAITS A NEW PROPOSAL FROM THE U.S.

1:41:28 TO IN THE WAR— END THE WAR.

1:41:31 JEFF, WHERE DO YOU THINK THIS STANDS?

1:41:34 DO WE HAVE UPDATES ON EACH SIDE HAS GOTTEN A RESPONSE FROM THE OTHER?

1:41:40 IS THERE A FEAR THAT THE PRESIDENT WILL

1:41:44 BE LEAVING THIS CONFLICT WITHOUT FULLY SECURING THE STRAIT?

1:41:49 THAT IS GOOD NEWS FOR THE PRESIDENT, THE NEWS FROM THE U.K.,

1:41:52 THEY ARE SENDING RESOURCES, BUT WHERE DOES THIS LEAVE THE STRAIT IF THE U.S.

1:41:55 DOES NOT SECURE IT BEFORE TRYING TO END THE CONFLICT?

1:41:58 JEFF: THE U.K.

1:42:00 ANGLE IS INTERESTING GIVEN THE PRESSURE PRESIDENT TRUMP HAS PUT ON THE U.K.

1:42:04 PRIME MINISTER.

1:42:05 THE POSITIVE STATE VISIT THAT HE HAD FROM KING CHARLES.

1:42:10 DO YOUR INITIAL QUESTION,

1:42:12 NO UPDATES ON IF IRAN HAS RESPONDED TO THE LATEST OFFER FROM THE UNITED STATES.

1:42:19 IN ADDITION TO THE QUESTION YOU ASKED ABOUT IF THAT MAY LEAD

1:42:25 TO THE PRESIDENT LEAVING THE CONFLICT WITHOUT A FEW MAJOR THINGS RESOLVED,

1:42:30 INCLUDING THE STRAIT OF HORMUZ AND IF IRAN

1:42:33 HAS THE ABILITY TO CREATE A NUCLEAR WEAPON,

1:42:36 AND THE SHORT TERM— THOSE ARE LONGER-TERM ISSUES.

1:42:38 IN THE SHORT-TERM IT RAISES THE QUESTION OF, WHERE WILL

1:42:41 THE CONFLICT STAND AS HE LEAVES THE COUNTRY ON TUESDAY FOR CHINA?

1:42:45 THE PRESIDENT HAS A TRIP TO BEIJING.

1:42:47 THIS ISSUE IS HANGING OVER THAT VISIT IN THE SAME WAY IT HAS HUNG

1:42:53 OVER A LOT OF THE PRESIDENT'S RELATIONSHIPS

1:42:55 WITH OTHER COUNTRIES AND LEADERS AROUND THE WORLD.

1:42:58 DAVID: LET'S TALK ABOUT THE VISIT.

1:43:00 YOU WILL BE ON THE PLANE WITH THE PRESIDENT.

1:43:04 THIS WAS SUPPOSED TO TAKE PLACE IN MARCH

1:43:06 AND WAS POSTPONED BECAUSE OF THE START OF THE WAR.

1:43:11 IT HAS NOT ENDED.

1:43:13 BLOOMBERG IS REPORTING THERE IS SOME DISSATISFACTION AMONG

1:43:15 THE CHINESE THAT THE CONFLICT IS ROLLING IN THE MIDDLE

1:43:19 EAST WEALTHY SUMMIT WILL TAKE PLACE— ROILING

1:43:21 IN THE MIDDLE EAST WHILE THE SUMMIT WILL TAKE PLACE.

1:43:28 WHAT ARE THE BROAD OBJECTIVES THAT PRESIDENT TRUMP

1:43:31 HAS GOING INTO THE MEETING ASIDE FROM SITTING DOWN

1:43:35 FACE-TO-FACE AND KEEPING THE HUMAN CONNECTION BETWEEN THE LEADERS

1:43:36 OF THE TWO LARGEST ECONOMIES IN THE WORLD?

1:43:40 JEFF: THE LAST ONE IS PRETTY BIG.

1:43:43 KEEPING THE RELATIONSHIP OPEN.

1:43:44 KEEPING THE TIES AND CONVERSATIONS GOING.

1:43:51 THERE ARE OTHER IDEAS OR HOPES THE PRESIDENT WANTS TO ACHIEVE DURING THAT TRIP,

1:43:59 INCLUDING PERHAPS EXTENDING A TRADE TRUCE THAT HAS BEEN IN PLACE

1:44:03 FOR A LITTLE BIT BETWEEN CHINA AND THE UNITED STATES,

1:44:05 TALKING ABOUT TARIFFS ON BOTH SIDES.

1:44:07 ALSO TALKING ABOUT FENTANYL.

1:44:10 THE PRESIDENT PRESSED CHINA TO REDUCE THE AMOUNT OF FENTANYL

1:44:16 COMING OUT OF ITS COUNTRY INTO THE UNITED STATES.

1:44:19 THAT IS SOMETHING THEY PREVIOUSLY AGREED ON BUT THE UNITED

1:44:22 STATES DOESN'T FEEL CHINA IS FOLLOWING UP ON.

1:44:24 TO CIRCLE BACK TO THE PERENNIAL TOPIC OF IRAN,

1:44:27 THAT IS NO DOUBT LIKELY TO COME UP WHEN THE TWO LEADERS MEET IN BEIJING.

1:44:30 IN PART BECAUSE, AS YOU SAID, BEIJING IS NOT HAPPY THIS WAR IS GOING ON.

1:44:37 BEIJING IS A BIG CLIENT OF IRAN FOR IRANIAN OIL.

1:44:42 THAT HAS CREATED TENSIONS BETWEEN CHINA AND THE UNITED STATES BECAUSE THE U.S.

1:44:48 IS UPSET THEY ARE TAKING THAT OIL.

1:44:53 SORT OF UNDERCUTTING THE BLOCKADES THE UNITED STATES

1:44:55 IS PUTTING ON IRANIAN PORTS TO TRY TO SQUEEZE

1:44:59 IRAN'S ECONOMY TO PUSH THEM TO COME TO THE TABLE AND AGREE TO A PEACE DEAL.

1:45:02 DAVID: WE WERE TALKING TO AMBASSADOR BURNS ABOUT

1:45:05 THIS, THE MEETING BETWEEN THE FOREIGN MINISTER OF CHINA AND IRAN.

1:45:08 SOMETHING THE AMBASSADOR SAID STOOD OUT.

1:45:10 HE SEES THIS AS THE BEGINNING OF A SEQUENCE OF MEETINGS WE WILL SEE.

1:45:17 DURING THE BIDEN ADMINISTRATION THERE WERE THREE SUMMITS.

1:45:24 WE ARE FOCUSED ON THIS MEETING TAKING PLACE BUT HE

1:45:26 SEEMED IT WOULD LEAD TO ADDITIONAL SUMMITS DOWN THE ROAD.

1:45:28 CHRISTINA: IS THERE A PLAN FOR MORE AFTER

1:45:31 THIS, OR THEY HAVE TO SEE HOW WELL THIS ONE GOES?

1:45:35 BEFORE I LET YOU GO, THE OTHER LINGERING ISSUE IS TAIWAN.

1:45:39 WHETHER THE PRESIDENT WILL BE PUSHED ON TAIWAN OR EVEN NOT STATING STRONGLY U.S.

1:45:44 SUPPORT FOR TAIWAN COULD BE TAKEN AS A SIGNAL BY THE CHINESE.

1:45:51 JEFF: TO THOSE TWO POINTS, NUMBER ONE, YES,

1:45:52 THERE ARE MORE MEETINGS PLANNED THIS YEAR

1:45:54 BETWEEN PRESIDENT XI AND PRESIDENT TRUMP.

1:45:56 I HEARD SOME FORMER OFFICIALS SAY THAT'S

1:46:00 ONE REASON WHY THE LIST OF DELIVERABLES, VERY WASHINGTON SPEAK,

1:46:06 IS NOT SUPERHIGH FOR THE SUMMIT BECAUSE THEY HAVE

1:46:08 TO LEAVE SOME FOR OTHER MEETINGS LATER IN THE YEAR.

1:46:09 THAT'S ANOTHER REASON WHY THIS ONE WAS NOT DELAYED, I WAS TOLD.

1:46:15 IF THEY DELAYED THIS ONE-ON-ONE MEETING IT DOESN'T

1:46:19 LEAVE A LOT OF ROOM FOR THE OTHER THREE,

1:46:23 TWO OR THREE MEETINGS EXPECTED BETWEEN THE TWO LEADERS LATER THIS YEAR

1:46:27 AT SUMMITS AND PERHAPS A VISIT BY PRESIDENT XI TO THE UNITED STATES.

1:46:31 ON TAIWAN, THAT IS ABSOLUTELY ALSO HANGING IN THE AIR OVER THIS VISIT.

1:46:36 SOME FORMER GOVERNMENT OFFICIALS HAVE SAID— I HAVE

1:46:40 HEARD SAY AS I WAS PREPARING FOR THIS TRIP,

1:46:44 THEY ARE CONCERNED PRESIDENT TRUMP IS IN A MOOD OR POSITION TO SOFTEN THE U.S.

1:46:49 TAKE ON TAIWAN.

1:46:51 THAT PRESIDENT XI WILL TRY TO USE THIS OPPORTUNITY TO GET HIM TO SOFTEN THAT.

1:46:56 PERHAPS GET HIM TO SAY SOMETHING OR COMMIT

1:47:00 TO DELIVERING FEWER ARMS FROM THE UNITED STATES TO TAIWAN.

1:47:07 THAT WOULD POTENTIALLY DRAMATICALLY CHANGE THE POSITION OF THE UNITED

1:47:10 STATES AND TAIWAN AND CHANGE THAT WHOLE RELATIONSHIP WITH CHINA.

1:47:13 IT IS SOMETHING PRESIDENT XI WANTS TO SEE.

1:47:17 CHRISTINA: OUR WHITE HOUSE CORRESPONDENT, THANK YOU FOR JOINING US.

1:47:23 DAVID: HEALTH EXPERTS TRACKING DOWN AND MONITORING PASSENGERS WHO

1:47:27 WERE ON BOARD A CREW SHIP HIT BY HANTAVIRUS.

1:47:28 THE SHIP IS OFF OF THE COAST OF WEST AFRICA SET TO DOCK EARLY TOMORROW MORNING.

1:47:36 17 AMERICANS ON THE VESSEL.

1:47:37 CHRISTINA: THE CENTERS FOR DISEASE CONTROL AND PREVENTION SENT A TEAM

1:47:41 TO MEET THEM AFTER SIX CASES WERE CONFIRMED WITH TWO PROBABLES,

1:47:44 INCLUDING THREE WHO DIED.

1:47:46 WHEN PASSENGERS ARE ON DRY LAND, THEY WILL BE FLOWN TO NEBRASKA FOR QUARANTINE.

1:47:51 THE INDIVIDUALS COMING THUS FAR HAVE NOT BEEN DIAGNOSED WITH HANTAVIRUS.

1:47:55 SHOULD THEY DEVELOP SYMPTOMS THAT ARE CONCERNING FOR THAT DIAGNOSIS WE

1:48:01 WILL ASSESS THEM AND CARE FOR THEM IN THE BIO CONTAINMENT UNIT.

1:48:06 CHRISTINA: JOINING US IS THE FORMER COVID CORRESPONDENT COORDINATOR UNDER BIDEN.

1:48:10 I WANT TO ASK A DUMB QUESTION.

1:48:20 IS IT HANT-A-VIRUS OR HAUNT-A-VIURS?

1:48:24 I DIDN'T THINK THAT IT SPREAD LIKE THIS.

1:48:25 HOW DOES IT SPREAD AND HOW DANGEROUS IS IT?

1:48:31 THREE GREAT QUESTIONS.

1:48:36 I HAVE ALWAYS CALLED IT HAUNT -A-VIRUS.

1:48:39 THAT IS WHAT I WAS TAUGHT.

1:48:41 MOST ARE SPREAD FROM RODENTS TO HUMANS AND NOT HUMAN TO HUMAN.

1:48:46 THERE IS ONE STRAIN THAT IS AN EXCEPTION, THE ANDES STRAIN,

1:48:50 AND UNFORTUNATELY THAT IS WHAT WE HAVE ON THE CRUISE SHIPS SO FAR.

1:48:54 IT IS A PRETTY DANGEROUS VIRUS.

1:48:55 IF YOU GREW UP IN THE SOUTHWEST,

1:48:57 YOU HAVE PROBABLY HEARD OF HANTAVIRUS FROM ROAD AND DROP LETS.

1:49:07 30% TO 40% MORTALITY RATE OR HIGHER.

1:49:09 THANKFULLY, WE HAVEN'T SEEN LARGE OUTBREAKS

1:49:10 IN THE PAST BUT THIS ONE IS DIFFERENT.

1:49:13 PARTLY BECAUSE IT IS THE BAD STRAIN THAT SPREADS AND IT IS ON A CRUISESHIP,

1:49:18 WHICH IS A PRETTY GOOD PETRI DISH FOR VIRUSES SPREADING.

1:49:23 DAVID: MY TURN FOR A TWO-PART QUESTION.

1:49:26 WHY NEBRASKA?

1:49:26 I REMEMBER THIS BEING USED DURING THE EBOLA

1:49:28 OUTBREAK DURING THE EARLY DAYS OF COVID AS WELL.

1:49:33 THAT'S FIRST.

1:49:34 SECOND, WHAT WILL HAPPEN TO THE PATIENTS WHEN THEY GET THERE?

1:49:36 WHAT IS QUARANTINE LOOK LIKE IN PRACTICE?

1:49:42 WE HAVE SPECIAL PATHOGEN UNITS ACROSS THE U.S.

1:49:44 THE NEBRASKA MEDICAL CENTER HAS ONE OF THE BEST IN THE COUNTRY— I WOULD ARGUE,

1:49:49 ONE OF THE BEST IN THE WORLD.

1:49:51 SOME OF THE MOST DANGEROUS PATHOGENS,

1:49:54 THEY CAN GO THERE AND THEY HAVE FANTASTIC PROTOCOLS,

1:49:56 SOME OF THE BEST CLINICIANS IN THE WORLD.

1:49:59 THAT IS WHY NEBRASKA, THAT IS WHAT EBOLA PATIENTS WENT THERE,

1:50:04 AND WHY IT'S GOOD FOR THESE FOLKS TO GO.

1:50:06 I DON'T THINK THEY NEED THAT.

1:50:08 I THINK THEY ARE DOING IT OUT OF AN ABUNDANCE OF CAUTION AND THAT IS REASONABLE.

1:50:12 WHAT WILL HAPPEN IS THEY WILL BE MONITORED VERY CLOSELY.

1:50:15 WHAT WE KNOW ABOUT HANTAVIRUS, THE STRAIN THAT SPREADS FROM PEOPLE TO PEOPLE,

1:50:21 USUALLY ONLY SPREADS WHEN PEOPLE HAVE SYMPTOMS.

1:50:22 YOU COULD MAKE THE CASE THAT IF THEY ARE FEELING GREAT THEY DON'T HAVE

1:50:26 TO BE IN A PLACE LIKE THIS, BUT OUT OF CAUTION THEY WILL WATCH THEM CLOSELY.

1:50:30 IF ANY DEVELOP SYMPTOMS THEY WILL BE TREATED.

1:50:33 BUT THAT WILL BE THE PLAN.

1:50:35 CHRISTINA: I'M SURPRISED HOW QUICKLY THIS HAS GOTTEN INTO PEOPLE'S MINDS.

1:50:40 POSSIBLY BECAUSE WE ARE ALL SCARRED FROM COVID.

1:50:42 COVID PTSD AND HOW THIS IS A LINGERING LEGACY.

1:50:46 I WAS WALKING DOWN THE STREET IN NEW YORK AND A YOUNG WOMAN

1:50:50 ON THE PHONE SAID I WANT TO MEET MY FRIENDS BEFORE THE HANTAVIRUS TAKES US ALL.

1:50:54 THIS WAS YESTERDAY HERE.

1:50:57 IT IS SERIOUS.

1:50:59 IT SOUNDS LIKE IT'S UNLIKELY TO CAUSE A HUGE IMMEDIATELY,

1:51:02 BUT IF YOU ARE GETTING SYMPTOMS,

1:51:03 WHAT DO THEY LOOK LIKE AND HOW QUICKLY DO THEY PROGRESS?

1:51:08 DR.

1:51:08 JHA: AND I WANT TO REITERATE THAT I THINK THE CHANCES

1:51:13 OF THIS BECOMING A BIG GLOBAL OUTBREAK IS EXCEEDINGLY LOW.

1:51:16 I DON'T THINK IT WILL HAPPEN.

1:51:19 SYMPTOMS, THE PROBLEM WITH THIS VIRUS, LIKE MOST VIRUSES,

1:51:22 THEY START OFF ABOUT THE SAME WAY.

1:51:24 A FEVER, HEADACHE, FEELING LOUSY.

1:51:30 WE ALL HAVE SYMPTOMS LIKE THAT WHEN WE GET VIRAL SYNDROMES.

1:51:32 IT THEN PROGRESSES PRETTY RAPIDLY.

1:51:36 THERE ARE TWO FORMS.

1:51:37 PULMONARY WHEN YOU GET VERY SEVERELY SHORT OF BREATH

1:51:39 AND IT AFFECTS YOUR LUNGS AND YOU CAN GET VERY SICK.

1:51:42 ANOTHER FORM MUCH MORE IN THE ABDOMINAL PAIN AND YOU CAN GET VERY SICK AND DIE.

1:51:49 IT STARTS OFF PRETTY MUCH LIKE MOST

1:51:50 VIRAL SYNDROMES AND CAN PROGRESS PRETTY QUICKLY.

1:51:55 DAVID: THE VACCINE FOR THIS.

1:51:58 BUT TURNER HAS DONE EARLY-STAGE WORK

1:52:00 FOR THE VACCINE FOR HONDA VIRUSES— MODERNA HAS

1:52:04 DONE EARLY STAGE WORK FOR A VACCINE FOR THE JUNTA VIRUS IN THE U.S.

1:52:09 WHAT IS THE STATUS FOR THIS.

1:52:10 IS THAT SOMETHING WE SHOULD BE LOOKING FOR IN SHORT ORDER?

1:52:17 DR.

1:52:18 JHA: THE MRNA PLATFORM IS AWESOME AND WE

1:52:21 USED TO DRINK OVER TO GET VACCINES OUT RAPIDLY.

1:52:23 SECRETARY KENNEDY IS NOT A FAN AND THEREFORE HAS REALLY

1:52:28 BLOCKED THE DEVELOPMENT OF MRNA VACCINES FOR THE UNITED STATES.

1:52:32 I THINK THERE IS NO LOGIC FOR THAT.

1:52:35 COMPANIES LIKE MODERNA AND EUROPEAN COUNTRIES ARE WORKING WITH OTHER COUNTRIES.

1:52:39 IN TERMS OF THE HANTAVIRUS VIRUS VACCINE IT IS EARLY STAGE.

1:52:45 IT WOULD EVENTUALLY NEED TO GO THROUGH LARGE CLINICAL TRIALS.

1:52:47 THERE ARE NOT THAT MANY PEOPLE GETTING

1:52:49 INFECTED WITH THIS SO YOU WON'T SEE TRIALS.

1:52:50 BUT THE GOOD NEWS IS, I DON'T THINK WE NEED IT NOW.

1:52:54 WE SHOULD DEVELOP IT IF IT BECOMES A BIGGER OUTBREAK.

1:52:57 WE SHOULD STUDY IT MORE CLOSELY.

1:53:00 BUT FOR MOST PEOPLE, THIS WON'T BE AN ISSUE.

1:53:03 WE WON'T BE GETTING HANTAVIRUS VACCINES ANYTIME SOON.

1:53:07 CHRISTINA: ON THE WALL STREET JOURNAL, PRESIDENT TRUMP SIGNED OFF ON A PLAN

1:53:12 TO FIRE THE FDA COMMISSIONER AFTER FIGHTS ABOUT VAPING,

1:53:13 THE ABORTION PILLS THAT SHE WAS ASKED ABOUT IT LAST NIGHT.

1:53:21 [INDISCERNIBLE] PRES.

1:53:22 TRUMP: I BEEN READING ABOUT IT, BUT I KNOW NOTHING ABOUT IT.

1:53:30 CHRISTINA: ASKED WHAT HE KNOWS, HE SAYS HE KNOWS NOTHING ABOUT IT.

1:53:36 WHAT IS YOUR TAKE ON THIS AND THE STATE OF PLAY AT THE FDA,

1:53:39 HOW WELL IT IS FUNCTIONING AND THE MORALE INSIDE THE AGENCY?

1:53:42 DR.

1:53:43 JHA: I OBVIOUSLY DON'T KNOW EXACTLY WHAT'S HAPPENING IN TERMS OF HIS STATUS.

1:53:51 I HAVE BEEN READING THE SAME STUFF THAT EVERYONE ELSE HAS.

1:53:55 THE FDA, I WAS A PRETTY BIG FAN OF MARTY.

1:53:57 OF HIM GETTING NOMINATED.

1:53:58 I THINK THAT HE HAS TRIED TO DO A GOOD JOB.

1:54:01 I THINK THE HAS MADE SOME MISSTEPS.

1:54:04 IT HAS BEEN COMPLICATED,

1:54:06 BECAUSE THERE IS A LOT OF POLITICAL PRESSURE FROM HIS BOSS,

1:54:11 THE SECRETARY OF HHS,

1:54:12 TO DO CERTAIN THINGS THAT A TYPICAL FDA DIRECTOR WOULD NOT FACE.

1:54:15 I THINK MARTY HAS HAD A HARD JOB.

1:54:21 YOU KNOW, AS I SAID, I THINK HE IS VERY QUALIFIED TO DO THIS.

1:54:24 HOW THIS PLAYS OUT, I DON'T KNOW.

1:54:26 THE FDA STRUGGLING BECAUSE THEY HAVE LOST A TON OF STAFF.

1:54:32 THEY HAVE BEEN DOGED WHICH MEANS A LOT OF THEIR TOP SCIENTISTS HAVE LEFT.

1:54:36 HE IS MANAGING AN AGENCY UNDER STRESS BECAUSE OF SOME OF THOSE MOVES.

1:54:41 CHRISTINA: THANK YOU FOR TEACHING US A LOT,

1:54:43 INCLUDING HOW TO PRONOUNCE HANTAVIRUS.

1:54:44 DAVID: WE WILL SPEAK WITH CONGRESSMAN RO KHANNA AT THE INTERSECTION OF SO MANY

1:54:50 ISSUES WE'VE BEEN TALKING ABOUT OVER

1:54:52 THE MORNING ON THE SELECT COMMITTEE ON CHINA, THE OVERSIGHT COMMITTEE.

1:54:56 WE INTERVIEWED HOWARD LUTNICK THIS WEEK ON THE ARMED SERVICES COMMITTEE AS WELL.

1:55:02 WE WILL GET HIS THOUGHTS ON BLOOMBERG THIS WEEKEND,

1:55:03 BLOOMBERG TELEVISION AND RADIO.

1:55:12 LISA: THANK YOU FOR JOINING US LIVE.

1:55:14 LET'S UPDATE YOU ON TODAY'S TOP STORIES.

1:55:18 HUNGARY'S NEXT PRIME MINISTER HAS BEEN SWORN IN MARKING

1:55:24 AN OFFICIAL END TO VIKTOR ORBAN'S 16-YEAR RULE.

1:55:27 HE IS A FORMER INSIDER AND HAS VOWED TO TACKLE

1:55:30 CORRUPTION AND UNLOCK FROZEN EUROPEAN UNION FUNDS TO BOOST HUNGARY'S ECONOMY

1:55:33 AND BOOST TIES WITH THE EU AND RESTORE HUNGARY'S PLACE

1:55:36 AMONG WESTERN DEMOCRACIES AS EARLY AS THE END OF THIS DECADE.

1:55:40 FRONTIER AIRLINES SAYS THAT ONE OF ITS PLANES AND STRUCK

1:55:44 A PEDESTRIAN ON THE RUNWAY LEAVING DENVER INTERNATIONAL AIRPORT LAST NIGHT.

1:55:46 IT FORCED THE PILOTS TO ABORT THE TAKE UP A SMOKE FILLED THE CABIN.

1:55:52 THE AIRCRAFT WAS CARRYING 200 24 PASSENGERS AND SEVEN CREW MEMBERS.

1:55:54 NO WORD ON THE CONDITION OF THE PERSON HIT BY THE PLANE.

1:55:59 THE U.S.

1:56:00 MILITARY STRUCK ANOTHER ALLEGED DRUG TRAFFICKING

1:56:01 BOAT IN THE EASTERN PACIFIC OCEAN.

1:56:03 TWO MEN WERE KILLED AND ONE SURVIVED.

1:56:06 U.S.

1:56:06 SOUTHERN COMMAND SAID THAT IT IMMEDIATELY NOTIFY THE U.S.

1:56:10 COAST GUARD TO ACTIVATE THE SEARCH AND RESCUE SYSTEM FOR THAT SURVIVOR.

1:56:16 THE PENTAGON STARTED RELEASING HUNDREDS MORE

1:56:18 DECLASSIFIED FILES TO DECADES OF UFO SIGHTINGS.

1:56:21 THEY SAY THE MOVE ALLOWS AMERICANS TO STUDY

1:56:23 THE MATERIAL FOR THEMSELVES AND DECIDE IF ALIENS ARE REAL.

1:56:26 IT IS PART OF A PUSH FROM THE TRUMP

1:56:28 ADMINISTRATION TO PROVIDE MORE TRANSPARENCY TO THE PUBLIC.

1:56:32 DAVID: A LOT OF TRANSPARENCY ON THAT ISSUE AT LEAST.

1:56:34 CHRISTINA: UFOS ARE TRANSPARENT.

1:56:36 DAVID: THE SENATE IS EXPECTED TO VOTE NEXT WEEK

1:56:41 ON WHETHER TO CONFIRM KEVIN WARSH AS THE NEXT CHAIRMAN

1:56:44 OF THE FEDERAL RESERVE IN THAT BOAT COULD COME

1:56:49 BEFORE JEROME POWELL'S LAST DAY OF CHAIR, FRIDAY MAY 15.

1:56:54 CHRISTINA: JOINING US IS BLOOMBERG SENIOR EDITOR COVERING ECONOMIC POLICY.

1:56:56 THANK YOU FOR COMING IN ON A WEEKEND.

1:56:59 WHAT ARE WE EXPECTING AT THE CONFIRMATION HEARING NEXT WEEK?

1:57:04 ELIZABETH WARREN SAID THIS WAS THE FIRST FULLY

1:57:06 PARTISAN VOTE FOR A FED CHAIR IN HISTORY.

1:57:09 IS THAT SIGNIFICANT IN IS THIS A SIGN OF MORE TO COME?

1:57:14 CHRIS: HE HAD THE HEARING A FEW WEEKS AGO BUT THIS IS THE FULL SENATE VOTE,

1:57:19 WHICH I THINK EVERY FED WATCHER EXPECTS INDEED WILL SHOW

1:57:25 A QUITE PARTISAN BREAKDOWN IN GETTING WARSH TO THE CHAIRMANSHIP.

1:57:30 SENATOR WARREN IS NOT WRONG IN SAYING THAT IT IS HISTORICALLY UNUSUAL

1:57:38 FOR THERE TO BE A DEEP PARTISAN DIVIDE OVER AN INCOMING FED CHAIR.

1:57:45 SOME OTHER HISTORICAL COMPARISONS ALSO STAND OUT.

1:57:48 THIS IS THE FIRST TIME CERTAINLY IN MODERN MEMORY THAT WE HAVE AN INCOMING

1:57:55 FED CHAIR WHO HAS STRONGLY CRITICIZED THE REGIME OF THE OUTGOING FED CHAIR.

1:58:02 IF YOU THINK BACK TO TRANSITIONS LIKE WHEN

1:58:06 JEROME POWELL TOOK THE BATON FROM JANET YELLEN,

1:58:11 OR BERNANKE TOOK THE BATON FROM ALAN GREENSPAN, THERE WAS A LOT OF CONTINUITY.

1:58:18 NO ONE EXPECTED ANY KIND OF DRAMATIC CHANGE.

1:58:21 BUT THIS IS AN INCOMING FED CHAIR IN KEVIN WARSH

1:58:25 WHO HAS BEEN QUITE STRIDENT IN HIS CRITICISM OF THE FED.

1:58:29 EVERYTHING FROM THE BALANCE SHEET POLICY TO INTEREST RATES.

1:58:34 IT IS REALLY, KIND OF, NEW TERRITORY HERE.

1:58:37 DAVID: IT HAS BEEN A BUSY WEEK FOR MICHAEL

1:58:41 MCKEE WHO HAS INTERVIEWED TWO FED PRESIDENTS THIS WEEK.

1:58:44 WE HEARD FROM ANOTHER INTERVIEW AT THE BOSTON FED.

1:58:49 ALL OF WHICH ARE INSPIRED BY THE LATEST DECISION

1:58:52 THAT WE GOT FROM THE FOMC AND THE DISSENT.

1:58:55 THREE MEMBERS DISSENTING OF WHERE RATES GO FROM HERE.

1:59:00 GIVEN THAT THE FED HAS NOT REACHED ITS 2% INFLATION TARGET.

1:59:06 LET'S LISTEN TO AN EXCERPT TALKING ABOUT

1:59:08 THE CHALLENGES OF HITTING THE 2% TARGET.

1:59:14 IF WE GET ON INFLATION AND A SHOW WE ARE HEADED

1:59:19 BACK TO A PATH OF— ON OUR WAY TO 2% INFLATION, I'M OPTIMISTIC RATES CAN GO DOWN.

1:59:23 WE JUST HAVEN'T BEEN HAVING THAT NOW FOR SOME TIME.

1:59:28 AND THAT MAKES ME MORE CONCERNED AND I AM LESS OPTIMISTIC.

1:59:33 DAVID: WHAT HAVE WE LEARNED FROM AUSTAN GOOLSBEE?

1:59:34 I THINK HE SAID, ANYONE WHO ASSUMES THERE WILL BE A CUT IS

1:59:38 SOMEWHAT FOOLISH AND THINKING SO GIVEN WE ARE THE ECONOMY IS RIGHT NOW.

1:59:42 WHAT IS HIS VIEW EMBLEMATIC OF IT RIGHT NOW?

1:59:48 CHRIS: EMBLEMATIC OF THE SHIFT AMONG THE BROADER

1:59:54 COMMUNITY OF FED PRESIDENTS AND BOARD MEMBERS.

1:59:55 REMEMBER WHEN POWELL HAD HIS PRESS CONFERENCE

1:59:58 AFTER THE MOST RECENT INTEREST RATE DECISION,

2:00:01 HE DID POINT TO THERE BEING A NUMBER OF OFFICIALS WHO

2:00:07 SHARED THE PERSPECTIVE OF THE THREE DISSENTERS AGAINST THE EASING BIAS.

2:00:13 BUT WE ARE SEEING HERE IS EVIDENCE THAT, YEAH,

2:00:20 GOOLSBY COULD WELL LINE UP WITH THAT.

2:00:27 CERTAINLY SUSAN COLLINS SAID THAT THE BLOOMBERG THIS WEEK AS WELL.

2:00:38 IT SPEAKS TO A SHIFT AMONG FED POLICYMAKERS TOWARD THINKING THAT THE RISKS

2:00:43 BETWEEN FASTER INFLATION AND WEAKER EMPLOYMENT RATE

2:00:45 ARE SHIFTING OVER TO INFLATION MORE DECISIVELY.

2:00:48 CHRISTINA: I WANT TO ASK ABOUT THE APRIL JOBS REPORT.

2:00:53 115 THOUSAND JOBS ADDED WHICH WAS STRONGER THAN EXPECTED.

2:00:58 UNEMPLOYMENT STAYED ABOUT FOUR .3%.

2:01:00 HOURLY EARNINGS DOWN SLIGHTLY.

2:01:04 I AM HABITUALLY CONFUSED BY THIS ECONOMY AND WONDER WHY

2:01:07 WE SEE JOB GROWTH DESPITE INFLATION AND PRICE PRESSURE FOR CONSUMERS.

2:01:11 CPI NUMBERS UNCHANGED ESPECIALLY WITH FOOD AND ENERGY PRICES.

2:01:17 CHRIS: THERE WERE A LOT OF CONFUSING ASPECTS OF YESTERDAY'S REPORT.

2:01:24 THE JOB REPORT HAS TWO ELEMENTS.

2:01:26 ONE IS THE SURVEY OF EMPLOYERS WHICH PRODUCES THE PAYROLL FIGURES.

2:01:33 THE OTHER IS A SURVEY OF HOUSEHOLDS WHICH YIELDS THE UNEMPLOYMENT NUMBER.

2:01:36 THE HOUSEHOLD SURVEY WAS REMARKABLY WEAK AND A NUMBER OF RESPECTS.

2:01:44 IT ACTUALLY SHOWED EMPLOYMENT DECLINED FOR THE FOURTH STRAIGHT MONTH.

2:01:49 ACTUALLY, THE UNEMPLOYMENT RATE DID GO UP IF YOU GO TO THE NEXT DECIMAL,

2:01:54 JUST A LITTLE BIT, LAST MONTH.

2:02:00 CERTAINLY WELCOMING TO SEE THE PAYROLL GAINS.

2:02:04 NOTE IT WAS THE FIRST BACK-TO-BACK GAIN IN PAYROLLS WE'VE SEEN IN A WHILE.

2:02:13 IF YOU LOOK AT SIX-MONTH MONTH, 12 MONTH AVERAGE IS,

2:02:15 THIS IS THE JOB MARKET THAT HAS SLOWED DOWN SIGNIFICANTLY OVER THE LAST YEAR.

2:02:19 STILL HANGING IN THERE.

2:02:24 NOT AS BAD AS MANY ANTICIPATED GIVEN THE SHOCKS WE'VE HAD FROM STICKY INFLATION,

2:02:31 TARIFF HIKES, ENERGY PRICE HIKES, AND SO FORTH, BUT IT'S NOT A JOB MARKET

2:02:42 THAT IS REALLY ROARING OR POWERING AGGREGATE ECONOMIC GROWTH.

2:02:44 DAVID: THE FED MANDATE IN THE LAST QUESTION,

2:02:49 AND FOR THOSE WHO DON'T KNOW CHRIS WRIGHT IS

2:02:55 THE NEWSLETTER THAT IS WELL WORTH SIGNING UP FOR.

2:02:58 YOU ARE FOLLOWING THE UNDULATIONS OF THE U.S.

2:03:02 ECONOMY.

2:03:02 NEXT WEEK CPI AND PPI.

2:03:03 WHAT CAN WE EXPECT?

2:03:09 CHRIS:— CHRIS: STICKY INFLATION.

2:03:17 THAT'S NOT CONSISTENT REALLY WITH 2% STEADY

2:03:20 STATE INFLATION THAT THE FED WANTS TO SEE.

2:03:24 IT'S NOTABLE THAT LATE YESTERDAY,

2:03:27 GOLDMAN SACHS ECONOMISTS JUST PUSHED BACK THEIR FORECAST FOR WHEN

2:03:31 THE FED WILL RESUME INTEREST RATE DECREASES TO DECEMBER.

2:03:37 THEY PUSHED THAT BACK BY A QUARTER.

2:03:41 THEY THINK INFLATION IS STICKING AROUND,

2:03:44 MUCH HIGHER THAN THE FED REALLY WANTS TO SEE.

2:03:46 THEY EVEN SAW A REASONABLE CHANCE THAT THERE WON'T BE ANY MORE FED CUTS.

2:03:52 SO, THEY SEE TWO CUTS COMING IN DECEMBER AND EARLY NEXT YEAR.

2:03:58 THE STICKY INFLATION STORY SEEMS TO BE HERE FOR THE LONGER HAUL.

2:04:05 CHRISTINA: CHRIS, THANK YOU SO MUCH FOR JOINING ME— FOR JOINING US.

2:04:14 YOU MAKE ME FEEL BETTER BY SAYING YOU ARE ALSO CONFUSED.

2:04:17 DAVID: PRESIDENT TRUMP IS EXPECTED TO MEET WITH XI JINPING LATER THIS WEEK.

2:04:23 THAT SOMEONE HAD BEEN POSTPONED BECAUSE OF THE WAR IN IRAN.

2:04:25 YOU CAN EXPECT THE CONFLICT WILL BE HIGH ON THE AGENDA.

2:04:30 THEY WILL TALK ABOUT TRADE ISSUES, ARTIFICIAL INTELLIGENCE AND FENTANYL.

2:04:34 CHRISTINA: OUR NEXT GUEST IS A RANKING MEMBER OF THE HOUSE COMMITTEE.

2:04:41 CONGRESSMAN RO KHANNA JOINS US FROM MAPLEWOOD OHIO.

2:04:49 MAPLEWOOD, OHIO.

2:04:51 WE WANT TO GET TO THAT TRIP AND THE PRESIDENT'S TRIP TO CHINA.

2:04:56 I DO WANT TO ASK YOU ABOUT THE TESTIMONY WITH HOWARD LUTNICK.

2:05:01 YOU SAID REGARDING HIS CONNECTIONS TO EPSTEIN,

2:05:03 HE MADE A FARCE OF THE ENGLISH LANGUAGE AND TRUMP

2:05:05 WOULD FIRE HIM IF HE HEARD WHAT HE SAID.

2:05:08 I WANT TO ASK YOU, ARE YOU SURE ABOUT THAT, ARE YOU

2:05:11 SURE THE PRESIDENT WOULD FIRE HIM IF HE HEARD WHAT HE SAID?

2:05:18 I AM, BECAUSE THE PRESIDENT WOULD SEE HIM

2:05:22 SWEATING AND MUMBLING AND STRUGGLING TO ANSWER BASIC QUESTIONS.

2:05:25 HOWARD LUTNICK'S TESTIMONY WAS THAT WHEN HE TOLD

2:05:29 THE NATION HE WOULD NEVER VISIT EPSTEIN AFTER 2005,

2:05:33 THAT WHAT HE MEANT WAS HE HIMSELF WOULD NEVER VISIT EPSTEIN,

2:05:38 BUT IT WAS FINE FOR HIM, HIS WIFE AND HIS KID TO VISIT EPSTEIN'S ISLAND.

2:05:41 THAT MAKES NO SENSE.

2:05:43 ANYONE LISTENING TO IT WOULD KNOW HE WAS LYING.

2:05:47 AND HE WAS NOT HONEST.

2:05:48 THAT'S THE REAL ISSUE.

2:05:50 DAVID: I WANT TO ASK ABOUT THE EPSTEIN

2:05:54 TRANSPARENCY AND WHERE WE ARE IN THIS PROCESS.

2:05:58 A SINGLE MOMENT HAVING THE SECRETARY ON CAPITOL

2:06:01 HILL BEFORE TESTIFYING BEFORE THE OVERSIGHT COMMITTEE.

2:06:07 THERE WAS— HAVE THEY SINCE, ARE YOU SATISFIED WITH WHAT YOU GOT FROM THE JUSTICE

2:06:11 DEPARTMENT AND WHERE DOES THE INVESTIGATION GO FROM HERE?

2:06:16 REP.

2:06:17 KHANNA: IT'S BEEN THE LARGEST RELEASE OF DOCUMENTS OVER DECADES.

2:06:21 3 MILLION FILES RELEASED.

2:06:23 THEY HAVE SHOWN AN EPSTEIN CLASS THAT FEELS

2:06:26 LIKE THEY DON'T NEED TO LIVE BY THE RULES.

2:06:28 THAT CREATES THESE WOMEN AS DISPENSABLE.

2:06:31 TREATS THESE WOMEN AS TO SUMMONS WILL.

2:06:34 THERE ARE STILL 3 MILLION FILES TO BE RELEASED.

2:06:37 THEY WANT TO SEE INVESTIGATIONS AND PROSECUTIONS.

2:06:40 THERE ARE PEOPLE WHO ABUSE THEM, OR TRAFFIC THEM IN THESE FILES AND THEY

2:06:43 HAVE NOT BEEN ANY INVESTIGATIONS OR PROSECUTIONS.

2:06:45 WE NEED THE RELEASE OF THE REMAINING

2:06:47 FILES AND WE NEED INVESTIGATIONS AND PROSECUTIONS.

2:06:50 LISA: I WAS ALSO— CHRISTINA: I WAS ALSO WONDERING,

2:06:57 I WONDER IF YOU HAVE ANY INSIGHT INTO WHY MELANIA TRUMP,

2:07:01 SEEMINGLY OUT OF NOWHERE, MADE THAT RARE PUBLIC APPEARANCE IN APRIL,

2:07:05 DENYING ANY CONNECTION WITH EPSTEIN AND CALLING

2:07:07 FOR CONGRESS TO BRING SURVIVORS FORWARD TO TESTIFY.

2:07:09 DO YOU KNOW WHAT HAPPENED WITH THAT?

2:07:11 REP.

2:07:12 KHANNA: I DON'T, BUT I WELCOMED THAT.

2:07:18 FIRST LADY TRUMP IS SAYING THEY DESERVE TO BE HEARD.

2:07:21 FIRST LADY TRUMP IS SAYING THERE SHOULD BE INVESTIGATIONS AND PROSECUTIONS.

2:07:25 AND THE MOST IMPORTANT THING SHE SAID WAS EPSTEIN WAS NOT ALONE.

2:07:30 SHE KNOWS THAT THERE WERE OTHER MEN INVOLVED IN ABUSING,

2:07:32 TRAFFICKING, RAPING THESE YOUNG GIRLS.

2:07:35 AND SHE'S SAYING THERE NEEDS TO BE AN INVESTIGATION.

2:07:39 THERE NEEDS TO BE PROSECUTION, AND SHE'S CONTRADICTING HER OWN HUSBAND.

2:07:41 SO, WHAT I WOULD ASK FOR THE FIRST LADY IS TO SAY,

2:07:46 CALL ON THE JUSTICE DEPARTMENT TO RELEASE THE REMAINING FILES,

2:07:48 AND CALL ON THEM TO BEGIN INVESTIGATIONS AND PROSECUTIONS.

2:07:54 DAVID: THIS TRIP IS COMING UP THIS WEEK,

2:07:58 THE TRIP THE PRESIDENT IS TAKING TO MEET WITH XI JINPING.

2:08:02 I'M CURIOUS ON HOW YOU SEE THE IMPORTANCE OF THIS VISIT

2:08:06 AND WHAT YOU HOPE WILL COME OUT OF IT.

2:08:10 WHAT IS A GOOD OUTCOME OF THIS TRIP

2:08:13 FOR THE TWO LARGEST ECONOMY LEADERS ARE GOING TO MEET?

2:08:17 REP.

2:08:17 KHANNA: I'VE BEEN IN PENNSYLVANIA, OHIO,

2:08:19 MICHIGAN, TALKING TO FARMERS AND FACTORY WORKERS.

2:08:21 LET ME OFFER FOUR THINGS WE NEED TO DO.

2:08:24 FIRST, WE NEED TO GET A DEAL FOR CHINA TO BUY MORE FOR OUR SOYBEANS.

2:08:27 THE FARMERS HAVE BEEN HURT.

2:08:30 THEY ARE BUYING FROM ARGENTINA.

2:08:31 THEY ARE BUYING FROM SOUTH AMERICA.

2:08:32 THEY ARE NOT BUYING FROM OUR FARMERS.

2:08:35 SECOND, WE NEED TO MAKE SURE THAT THEY ARE

2:08:38 NOT SENDING THEIR SHIPS TO OUR PORTS WITHOUT A FEE.

2:08:40 WE SUSPENDED THIS FEE, AND CHINA IS USING THEIR SHIPS

2:08:46 IN OUR PORTS THAT ARE HURTING AMERICAN SHIPBUILDING.

2:08:49 THIRD, WE NEED TO FIND SOME WAY TO LOWER THE COST OF FERTILIZER.

2:08:54 IT'S REALLY HURTING A LOT OF OUR FARMERS.

2:08:56 IT'S HURTING A LOT OF THE FOOD PRICES IN THE UNITED STATES.

2:09:03 THAT MEANS GETTING THEM TO HAVE EXPORT CONTROLS ON THEM

2:09:06 AND FIGURING OUT HOW WE OPEN UP THE STRAIT OF HORMUZ.

2:09:08 FINALLY, WE NEED TO MAKE SURE THAT THEY ARE NOT DUMPING INTO THE UNITED STATES.

2:09:16 THEY CONTINUE TO HAVE UNFAIR TRADE PRACTICES AND WE NEED TO CLAMP DOWN THAT.

2:09:23 CHRISTINA: HISTORICALLY,

2:09:24 THE CHINESE HAVE BEEN VERY ADEPT AND TENACIOUS NEGOTIATORS,

2:09:27 ESPECIALLY WHEN IT COMES TO MATTERS OF THE ECONOMY.

2:09:30 WE'VE BEEN TALKING ABOUT HOW THE TREASURY SECRETARY HAS LAID

2:09:34 THE GROUNDWORK AND ESTABLISHED A RELATIONSHIP WITH HIS COUNTERPART IN BEIJING.

2:09:38 I'M WONDERING, IF YOU THINK THIS ADMINISTRATION,

2:09:40 IF YOU THINK PRESIDENT TRUMP IS READY TO GO TOE TO TOE WITH THE CHINESE,

2:09:46 IF YOU CAN GET SUCCESSFULLY OUT OF THESE NEGOTIATIONS.

2:09:48 REP.

2:09:48 KHANNA: HE HASN'T SHOWN THE ABILITY SO FAR.

2:09:53 I'M ROOTING FOR HIM BECAUSE HE'S THE AMERICAN PRESIDENT.

2:09:57 BUT WE HAVE LOST 80,000 MANUFACTURING JOBS ON HIS WATCH.

2:10:04 WE HAVE SEEN 316,000 BANKRUPTCIES ON HIS WATCH,

2:10:10 COMPARED TO 215,000— 250 THOUSAND WHEN BIDEN WAS PRESIDENT.

2:10:12 WE HAVE SEEN THE COST OF INPUTS INCREASE, BECAUSE OF BLANKET TARIFFS.

2:10:19 HE HAS A LOT THAT HE HAS TO REVERSE.

2:10:23 AND WE HAVE HAD CHINA HOLD US HOSTAGE.

2:10:27 I WANT A DEAL THAT HELPS AMERICAN FARMERS,

2:10:28 AMERICAN SHIPBUILDERS AND AMERICAN MANUFACTURERS.

2:10:34 DAVID: PART OF THAT COMMITTEE'S AGREEMENT IS TO LOOK AT THE BALANCE OF POWER,

2:10:38 THIS LEVEL OF COMPETITION BETWEEN THE U.S.

2:10:39 AND CHINA.

2:10:40 I'M CURIOUS HOW YOU SEE THAT DYNAMIC AT PLAY RIGHT NOW.

2:10:43 WE HAD, A FEW DAYS AGO,

2:10:46 IRAN'S FORMER MINISTER GOING TO BEIJING TO MEET CHINA'S FOREIGN MINISTER.

2:10:55 IRAN'S FOREIGN MINISTER GOING TO BEIJING TO MEET CHINA'S FOREIGN MINISTER.

2:10:58 IT'S NOT A WAR THAT IS DRAINING RESOURCES FROM THEM.

2:11:02 THEY WOULD LIKE TO HAVE THE ENERGY AT THE STRAIT OF HORMUZ.

2:11:07 HOW DO YOU SEE THAT COMPETITIVE DYNAMIC AND HOW

2:11:09 WORRIED ARE YOU ABOUT THE DEGREE TO WHICH THE U.S.

2:11:10 ADMINISTRATION IS PAYING ATTENTION TO THE BINARY BETWEEN THE U.S.

2:11:16 AND CHINA?

2:11:19 REP.

2:11:20 KHANNA: I'M CONCERNED WE ARE DRAINING OUR RESOURCES IN A WAR IN IRAN,

2:11:25 WE HAVE NOT BEEN ABLE TO GET THEIR ENRICHED URANIUM OUT.

2:11:28 THE IRGC HAS MORE CONTROL.

2:11:32 IRAN HAS MORE CONTROL OVER THE STRAIT OF HORMUZ.

2:11:35 IT'S COSTING US BILLIONS OF DOLLARS AND IT'S INCREASED OUR FOOD PRICES.

2:11:38 CHINA BASICALLY IS JUST WATCHING FROM THE SIDELINE.

2:11:41 THEY ARE NOT SYNCING THAT MONEY INTO THE MIDDLE EAST,

2:11:45 THEY ARE SINKING THAT MONEY INTO BUILDING

2:11:48 THEIR SHIPS AND BUILDING ALTERNATIVE ENERGY AND GLOBAL ENERGY.

2:11:53 I WANT THE UNITED STATES TO BE BUILDING OUR RESOURCES INTO INVESTING

2:12:01 MANUFACTURING HERE AT HOME AND NOT GETTING SUCKED INTO THE MIDDLE EAST,

2:12:03 THAT IS A DRAIN OF OUR RESOURCES.

2:12:09 CHRISTINA: I WANT TO ASK YOU A MORE ARMS SERVICEY QUESTION.

2:12:13 THERE IS A POST ABOUT U.S.

2:12:15 INTELLIGENCE ANALYZING THE DATA AND SAYING IRAN IS SITUATED TO AT LEAST THREE

2:12:20 OR FOUR MORE MONTHS OF THIS BLOCKADE

2:12:22 BEFORE REALLY FEELING THE ECONOMIC PRESSURE.

2:12:23 WHEN IT COMES TO A WAR OF ATTRITION, IF YOU ARE LOOKING AT IRAN VERSUS THE U.S.

2:12:28 OR EVEN CHINA, HOW LONG THEY ARE WILLING TO SIT THIS OUT,

2:12:32 DO YOU THINK THE AMERICAN PUBLIC AND REAL PEOPLE

2:12:35 YOU HAVE BEEN TALKING TO IN THE MIDWEST ARE

2:12:39 GOING TO GIVE THE PRESIDENT THE BENEFIT OF THE DOUBT

2:12:42 FOR THIS CONFLICT FOR THREE TO FOUR MORE MONTHS,

2:12:43 GIVEN WHAT IT'S DOING TO THE PRICES OF ALMOST EVERYTHING?

2:12:45 REP.

2:12:45 KHANNA: NO, BECAUSE WE ARE SPENDING $1 BILLION TO $2 BILLION A DAY.

2:12:56 PETE HEGSETH SAID WHAT IS THE COST IS A GOTCHA QUESTION

2:12:58 BUT HE MAY WANT TO GO OUT TO OHIO AND PENNSYLVANIA.

2:13:02 THE COST IS THE INCREASED COST OF GAS, THE INCREASED COST OF DIESEL.

2:13:05 THE COST IS THE INCREASED COST OF FERTILIZER.

2:13:08 ALL OF THIS MEANS AN INCREASED COST WHEN IT COMES TO FOOD,

2:13:13 WHEN IT COMES TO RENT AND WHEN IT COMES TO FILLING UP THEIR TANKS THIS SUMMER.

2:13:19 THAT’'S NOT WORTH AND IRAN THAT IS

2:13:21 MORE HARD-LINE AND STILL HAS ENRICHED URANIUM.

2:13:25 SO, WE HAVE NOT ACHIEVED ANYTHING AND WE

2:13:29 HAVE CREATED MORE AMERICAN HARDSHIP ON THE AMERICAN PEOPLE.

2:13:31 WE NEED TO END THIS WAR AND NEGOTIATION THAT OPENS THE STRAIT OF HORMUZ,

2:13:37 ALLOWS GAS, ALLOWS DIESEL AND ALLOWS FERTILIZER PRICES TO FALL.

2:13:42 DAVID: IT'S NO SMALL THING THE DEFENSE SECRETARY MADE

2:13:45 HIS WAY TO CAPITOL HILL TO ANSWER SOME QUESTIONS.

2:13:46 NOT ALL OF THEM BUT AT LEAST SOME OF THEM.

2:13:54 WHEN I HEARD THE REQUEST THE MINISTRATION WAS MAKING,

2:13:58 THERE WAS SPECULATION LAWMAKERS WOULD USE

2:14:00 THAT TO GET SECRETARY HEGSETH AND OTHERS

2:14:02 ON THE HILL TO ANSWER QUESTIONS ABOUT THE TRAJECTORY OF THIS WAR.

2:14:05 HOW MUCH CONFIDENCE DO YOU HAVE IN YOUR UNDERSTANDING OF WHAT

2:14:08 THE ADMINISTRATION WANTS TO DO AND WHERE THIS WAR IS HEADED?

2:14:13 REP.

2:14:14 KHANNA: THE ADMINISTRATION DOES NOT HAVE A CLEAR STRATEGIC GOAL.

2:14:18 FIRST, THEY SAID THEY WANTED REGIME CHANGE.

2:14:20 NOW, THEY ACKNOWLEDGE THE REGIME THAT IS IN PLACE IS MORE HARD-LINE.

2:14:25 THEN THEY SAID THEY WANTED NUCLEAR ENERGY OUT AND FOR IRAN TO BD NUCLEAR.

2:14:37 NOW THEY ACKNOWLEDGE THAT URANIUM IS BURIED UNDER IRANIAN SOIL.

2:14:39 THEY SAID THEY WANT THE STRAIT OF HORMUZ

2:14:41 TO BE OPEN AND IT WAS OPEN BEFORE THIS WAR.

2:14:43 NOW WE HAVE TO FIGURE OUT HOW TO GET IT OPEN.

2:14:47 THERE IS NO STRATEGIC FULL.

2:14:48 THE STRATEGIC GOAL SHOULD BE THE IMMEDIATE OPENING OF THE STRAIT OF HORMUZ,

2:14:51 AN END TO THESE HOSTILITIES,

2:14:53 NOT SHOOTING EACH OTHER SO THAT THE PRICE OF FOOD AND THE PRICE OF GAS CAN DROP

2:14:57 AND NEGOTIATION WITH THE INTERNATIONAL COMMUNITY TO GET IRAN

2:15:01 TO COMMIT ON GETTING ENRICHED URANIUM OUT IN INSPECTIONS.

2:15:05 SOMETHING OBAMA HAD ACHIEVED THAT TRUMP TORE UP.

2:15:09 CHRISTINA: THE PRESIDENT HAS BEEN FRUSTRATED WITH EUROPEAN

2:15:13 ALLIES WHO HAVE BEEN UNWILLING TO ENGAGE DIRECTLY IN HELPING WITH THE BLOCKADE

2:15:16 OR HELPING WITH AMERICAN ACTION IN THE REGION.

2:15:20 THE REPERCUSSIONS OF THAT ARE HE HAS THREATENED TO TAKE A SIGNIFICANT NUMBER

2:15:23 OF TROOPS OUT OF GERMANY AFTER THE CHANCELLOR HAD SOME HARSH WORDS ABOUT TRUMP,

2:15:28 SAYING HE WAS GETTING PLAYED BY THE IRANIANS.

2:15:30 ARE YOU CONCERNED THAT THAT WILL REALLY HAPPEN?

2:15:33 AND AT WHAT LEVEL DO YOU WORRY IT WILL IMPACT AMERICAN OPERATIONAL ABILITIES,

2:15:39 BECAUSE THOSE ARE BIG BASES, THE U.S.

2:15:40 RELIES ON THEM FOR A HECK OF A LOT OF STUFF IN THAT THEATER.

2:15:44 WHY IS HE DOING THIS AND ARE YOU CONCERNED IT WILL IMPACT MILITARY READINESS?

2:15:50 REP.

2:15:51 KHANNA: I'M CONCERNED HE'S DOING IT IN A RETALIATORY WAY.

2:15:53 IF HE WANTS TO LOOK AT LESSENING OUR FOOTPRINT,

2:15:58 OUR 800 BASES OVERSEAS TO REDUCE COST, THAT'S A SEPARATE CONVERSATION.

2:16:06 HE SHOULDN'T BE THREATENING THE GERMAN CHANCELLOR WITH OUR TROOP— IN GERMANY.

2:16:12 THEY DON'T WANT TO ENGAGE IN A BLOCKADE.

2:16:20 WE NEED TO PUT PRESSURE ON IRAN TO HAVE A DEAL

2:16:23 THAT FORCES THEM TO SUBMIT TO INSPECTION AND GIVE UP THEIR ENRICHED URANIUM.

2:16:27 OBVIOUSLY, THE MILITARY OPTION DID NOT WORK.

2:16:30 YES, THE MILITARY DESTROYED IRAN'S NAVY.

2:16:32 YES, IT DESTROYED IRAN'S AIR FORCE.

2:16:37 THAT MAY WEAKEN THEM REGIONALLY BUT IT DID

2:16:39 NOTHING IN TERMS OF GETTING THE ENRICHED URANIUM OUT.

2:16:44 WE NEED THE EUROPEAN ALLIES, NATO AND DIPLOMACY.

2:16:49 DAVID: FROM THE SHOOTING WAR IN THE MIDDLE

2:16:51 EAST TO THE POLITICAL WAR IN THE UNITED STATES.

2:16:57 YOU ARE FROM THE GREAT STATE OF CALIFORNIA,

2:16:58 WHICH IS WRESTLING WITH SOME OF THESE ISSUES

2:16:59 HAVING TO DO WITH CONGRESSIONAL DISTRICTS.

2:17:01 I'M CURIOUS WHAT YOUR REACTION IS TO WHAT WE'VE SEEN IN RECENT WEEKS,

2:17:08 THE VIRGINIA SUPREME COURT RULING THE REDRAWN

2:17:11 DISTRICTS DOES NOT COMPORT WITH THE STATES CONSTITUTION.

2:17:16 A SETBACK FOR DEMOCRATS.

2:17:19 WHERE DO YOU SEE THIS OR THAT POLITICAL WAR HEADING AS WE SEE REPUBLICANS

2:17:22 AND DEMOCRATS GOING BACK AND FORTH

2:17:23 ON THE WAY THOSE CONGRESSIONAL DISTRICTS ARE DRAWN?

2:17:27 REP.

2:17:28 KHANNA: THE VIRGINIA DECISION WAS OVERRULING VIRGINIA VOTERS.

2:17:33 VIRGINIA VOTERS JUST VOTED ON MAPS.

2:17:36 FOR THE VIRGINIA SUPREME COURT

2:17:37 TO INVALIDATE AN ELECTION IS DEEPLY ANTIDEMOCRATIC.

2:17:40 AND THEN FOR THE U.S.

2:17:44 SUPREME COURT TO GUT VOTING RIGHTS IN THE DEEP SOUTH,

2:17:48 TO NOT UNDERSTAND THAT THERE IS RACIALLY POLARIZED VOTING IN THE DEEP SOUTH,

2:17:52 IS COMPLETELY OUT OF TOUCH AND UNDERMINING

2:17:53 THE EFFORTS OF THE CIVIL RIGHTS MOVEMENT.

2:17:57 THEY ARE GOING AFTER JIM CLYBURN'S DISTRICT.

2:18:01 THERE WAS NOT A BLACK MEMBER IN CONGRESS IN SOUTH CAROLINA FOR 100 YEARS,

2:18:07 BETWEEN RECONSTRUCTION AND JIM CROW.

2:18:11 JIM CLYBURN WON THAT SEAT IN 1992 BECAUSE THEY DREW

2:18:14 A BLACK MAJORITY DISTRICT AND THEY ARE TRYING TO ELIMINATE THAT.

2:18:16 THEY ARE TRYING TO ELIMINATE THE WORK

2:18:17 OF THE VOTING RIGHTS AND CIVIL RIGHTS MOVEMENT.

2:18:20 IT IS DEEPLY CONCERNING.

2:18:22 NOT ON A POLITICAL LEVEL, JUST ON A LEVEL OF ANYONE WHO CARES

2:18:26 ABOUT CIVIL RIGHTS AND BLACK REPRESENTATION IN AMERICA.

2:18:29 CHRISTINA: WHAT ARE YOU GOING TO DO ABOUT THIS?

2:18:32 WHAT ARE DEMOCRATS GOING TO DO?

2:18:35 AND IS THIS A MAP DEMOCRATS CAN REASONABLY

2:18:38 WIN AND HOPE TO FLIP BODIES IN NOVEMBER?

2:18:40 REP.

2:18:41 KHANNA: WE WILL WIN THE HOUSE IN NOVEMBER.

2:18:44 WE WILL WIN DESPITE ALL OF THESE GAMES.

2:18:46 MY CONCERN IS WHAT IS THIS DOING IN TERMS OF OUR CIVIL RIGHTS REPRESENTATION?

2:18:52 I WOULD ENCOURAGE PEOPLE TO WATCH JAMIE

2:18:55 HARRISON'S PASSIONATE DEFENSE OF THE BLACK MAJORITY

2:18:57 DISTRICTS IN SOUTH CAROLINA AND BEYOND WHEN

2:18:58 HE SPOKE AT THE SOUTH CAROLINA LEGISLATIVE SESSION.

2:19:00 AND I DO BELIEVE THAT WE CAN CONVINCE SOME

2:19:05 OF THESE LEGISLATORS NOT TO DO WHAT THEY ARE THINKING OF DOING,

2:19:08 ELIMINATING BLACK DISTRICTS.

2:19:09 IT'S NOT RIGHT FOR THE COUNTRY.

2:19:12 AND IT MAY ACTUALLY BACKFIRE ON THEM,

2:19:15 CREATING MORE DEMOCRATIC DISTRICTS IN THE PROCESS.

2:19:20 SO, AS THEY ELIMINATE BLACK DISTRICTS,

2:19:21 THEY MAY ACTUALLY BE CREATING MORE DEMOCRATIC OPPORTUNITIES.

2:19:24 WE WILL BE FIGHTING IN EACH ONE OF THESE STATES

2:19:26 TO MAKE SURE THEY DON'T ELIMINATE THESE DISTRICTS.

2:19:32 DAVID: WHAT DO YOU SAY TO THE VIEWER

2:19:35 OF BLOOMBERG TELEVISION OR THE LISTENER OF BLUE WORK— BLOOMBERG

2:19:41 RADIO WHO LISTENS TO YOU AND WONDERS IF THEY

2:19:47 HAVE HIGHER ASPIRATIONS THAN REPRESENTING THEIR DISTRICT IN CALIFORNIA?

2:19:53 REP.

2:19:53 KHANNA: I'M HERE IN MY CAPACITY AS THE TOP DEMOCRAT

2:19:56 ON THE CHINA SELECTIVE UNION AND I'M HERE WITH MY COLLEAGUES FROM MICHIGAN,

2:20:00 PENNSYLVANIA AND OHIO.

2:20:01 I WOULD SAY THE DEMOCRATIC PARTY NEEDS

2:20:04 TO SPEND MORE TIME IN RURAL PLACES IN AMERICA,

2:20:07 ON FARMS AND FACTORY TOWNS AND UNDERSTAND THEY ARE UPSET.

2:20:09 THEY ARE UPSET WITH BOTH PARTIES.

2:20:12 THEY HAVE SEEN MANUFACTURING JOB LOSS,

2:20:15 THEY HAVE SEEN WEALTH PILEUP IN DISTRICTS LIKE MINE IN SILICON

2:20:18 VALLEY WHILE THE AMERICAN DREAMING SEEMS FARTHER OUT OF REACH HERE.

2:20:22 WE NEED TO OFFER A VISION, I CALL IT ECONOMIC PATRIOTISM,

2:20:25 THE NEW INDUSTRIAL BANK THAT INVESTS IN COMMUNITIES.

2:20:27 1000 NEW TRADE SCHOOLS.

2:20:29 A NEW SENSE OF TECH INSTITUTES ACROSS AMERICA.

2:20:33 A TRADE AGENDA THAT ACTUALLY OPENS UP MARKETS FOR OUR FARMERS.

2:20:39 WE NEED TO OFFER AN ECONOMIC AGENDA FOR THE FUTURE.

2:20:42 CHRISTINA: SO, YOU ARE EXPLORING RUNNING FOR PRESIDENT.

2:20:45 REP.

2:20:45 KHANNA: I'M EXPLORING THE AGENDA FOR THE— WHAT

2:20:52 THE AGENDA FOR THE CHINA COMMITTEE SHOULD BE.

2:20:56 THE REPRESENTATIVE OF THE NATION SHOULD HAVE A COMPREHENSIVE UNDERSTANDING

2:21:02 OF— THAT WERE HOLLOWED OUT AFTER NAFTA AND AFTER CHINA,

2:21:09 WHAT IS OUR VISION FOR BRINGING THEM

2:21:11 BACK AND HAVING ECONOMIC SECURITY AND ECONOMIC INDEPENDENCE?

2:21:14 DAVID: THANK YOU FOR BEING SO GENEROUS WITH YOUR TIME.

2:21:18 HE HEADS TO MICHIGAN FOR THIS AFTERNOON.

2:21:21 CHRISTINA, HE SITS ON SO MANY IMPORTANT COMMITTEES

2:21:26 AND IS IN SUCH A UNIQUE POSITION TO TALK

2:21:28 ABOUT WHAT WE'VE BEEN DISCUSSING OVER THE COURSE

2:21:29 OF THE MORNING AND THE LAST FEW WEEKS.

2:21:34 CHRISTINA: ANOTHER PERSON ACROSS ABSOLUTELY EVERYTHING IS LISA MATEO.

2:21:40 LISA: A TANKER CARRYING LIQUEFIED NATIONAL— NATURAL GAS

2:21:46 FROM QATAR IS ATTEMPTING TO CROSS THE STRAIT OF HORMUZ.

2:21:52 SHIP TRACKING DATA SHOWS THE TANKER IS

2:21:56 CURRENTLY IN THE WATERWAY BETWEEN OMAN AND IRAN.

2:21:58 TO WALL STREET, FOR THE NEW YORK STOCK

2:22:01 EXCHANGE IS SET TO OPEN A PRIVATE MEMBERS CLUB.

2:22:04 SOURCES TELL THE FINANCIAL TIMES,

2:22:07 THE INVITE ONLY CLUB WILL BE LOCATED IN A RENOVATED ROOM

2:22:10 THAT FORMALLY HOUSED STOCK CERTIFICATES BUT PLANS TO OPEN THIS SUMMER.

2:22:15 THE PGA TOUR IS HOLDING TWO EVENTS THIS WEEKEND,

2:22:22 THE TRU IST CHAMPIONSHIP IN CHARLOTTE, NORTH CAROLINA.

2:22:26 AND THEN IN THE MYRTLE BEACH CLASSIC, ERRAND DRY— ERIN RYE TAKES THE LEAD.

2:22:40 THE NEW YORK KNICKS BEAT THE 76ERS, 108-94.

2:22:42 THEY WILL HAVE THE CHANCE TO TAKE THE SERIES TOMORROW AFTERNOON.

2:22:44 I WILL BE TUNING IN.

2:22:46 THE PISTONS AND CAVALIERS AND THUNDER AND LAKERS PLAY GAME THREE TODAY.

2:22:50 DAVID: I KNOW YOU'RE GOING TO GO HOME

2:22:53 AND WATCH ALL OF THESE GOLF TOURNAMENTS TAKING PLACE.

2:22:56 IT WAS A GREAT GAME LAST NIGHT.

2:22:58 LISA: IT WAS.

2:23:04 DAVID: REALLY A BATTLE, NOT UNTIL THE END BUT UNTIL THE THIRD QUARTER.

2:23:12 CHRISTINA: HOW YOU FEEL ABOUT GOLF IS RIGHT

2:23:14 WHERE I FEEL WHEN YOU TWO WERE TALKING BASEBALL.

2:23:15 LISA, YOU WILL LOVE THIS NEXT SEGMENT.

2:23:17 IT'S DIFFICULT ENOUGH TO RUN A MARATHON.

2:23:20 IMAGINE DOING 10 OF THOSE IN THE SAME RACE.

2:23:24 WE WILL TALK TO ONE SUPER ATHLETE WHO IS BREAKING RECORDS LEFT AND RIGHT.

2:23:27 DAVID: YOU CAN TAKE US WITH YOU NO MATTER WHERE YOU GO.

2:23:30 WATCH US ON BLOOMBERG TV, LISTEN ON BLOOMBERG RADIO.

2:23:32 YOU CAN STREAM THE SHOW ON THE BLOOMBERG BUSINESS APP.

2:23:36 IT IS BLOOMBERG THIS WEEKEND.

2:23:39 STAY WITH US.

2:23:46 CHRISTINA: WELCOME BACK TO BLOOMBERG THIS WEEKEND.

2:23:57 THERE IS A 250 MILE THREE DAY ENDURANCE RACE IN ARIZONA.

2:24:01 THEY CAN STOP WHENEVER THEY WANT, EAT OR TAKE DIRT KNIFES— MAPS.

2:24:11 NAPS.

2:24:13 A WOMAN SMASHED HER COURSE RECORD AND BEAT HER PREVIOUS RECORD BY SEVEN HOURS.

2:24:17 RACHEL JOINS US NOW.

2:24:19 I BELIEVE YOU ARE IN FLAGSTAFF, ARIZONA.

2:24:21 I'M VERY GRATEFUL.

2:24:22 SEVEN HOURS?

2:24:26 RACHEL: YEAH, I DON'T KNOW THE MATH.

2:24:30 I'VE HAD LIKE FIVE HOURS OF SLEEP SINCE MONDAY, BASICALLY.

2:24:34 YEAH, LAST YEAR, I DID IT IN ABOUT 63 OR 64 HOURS.

2:24:39 THIS YEAR, IT WAS 56.

2:24:41 SO, WHATEVER THAT MATH IS.

2:24:45 THAT'S HOW MUCH I BEAT IT BY.

2:24:51 DAVID: FOR MY FRIENDS WHO HAVE DONE MARATHONS,

2:24:54 THEY WANT TO SEE A CITY IN A NEW WAY, WHAT DRIVES AN ULTRAMARATHONER LIKE YOU?

2:25:02 THIS IS MASSIVE.

2:25:06 RACHEL: I THINK, YOU KNOW, AS YOU DO SOMETHING LIKE A MARATHON,

2:25:11 THE MORE TIMES YOU DO IT, I GUESS RELATIVELY, THE EASIER IT GETS.

2:25:17 TO CHASE THE NEXT CHALLENGE, YOU HAVE TO DO ONE OF TWO THINGS.

2:25:19 YOU HAVE TO RUN IT FASTER OR FIND SOMETHING THAT IS LONGER.

2:25:26 I LIKE THE MULTI-DAY RACES BECAUSE THERE ARE SO MANY THINGS THAT CAN PROVE

2:25:30 TO BE REALLY CHALLENGING DURING ALL OF THAT TIME THAT YOU ARE OUT THERE.

2:25:33 AND YOU HAVE TO FIGURE OUT HOW

2:25:38 TO MANAGE THOSE THINGS WHILE STILL MOVING FORWARD.

2:25:39 I JUST THINK THAT THEY ARE REALLY FUN.

2:25:46 IT'S EXACTLY THE SAME THOUGH, I WANT TO GET A T-SHIRT.

2:25:49 CHRISTINA: I DO WANT TO SAY YOU DON'T HAVE TO DO A LONGER RACE.

2:25:53 BUT I KNOW LISA HAS A QUESTION.

2:25:56 NOBODY HAS TO DO IT.

2:25:59 LISA: HOW DO YOU RECUPERATE?

2:26:02 DO YOU GIVE YOUR BODY TIME TO REST?

2:26:05 WHAT KIND OF BEATING HAS YOUR BODY TAKEN?

2:26:11 RACHEL: I ACTUALLY FEEL OK, I'M JUST REALLY, REALLY TIRED.

2:26:13 PHYSICALLY, I FEEL OK.

2:26:15 I ACTUALLY FEEL REALLY LUCKY COMPARED TO THE OTHER FOLKS THAT I HAVE MET.

2:26:20 I REALLY ENJOY GOING THROUGH THE FINISH LINE AND CHEERING IN FOLKS.

2:26:22 AFTER THIS RACE IN PARTICULAR, I'VE HAD TO DO A TON OF INTERVIEWS.

2:26:27 SO I GUESS THAT'S BEEN MY RECOVERY.

2:26:30 BUT YOU KNOW, I'VE BEEN CHATTING WITH OTHER PEOPLE AND LOOKING AT THEIR FEET

2:26:36 AND WATCHING THEM TRY TO GET UP FROM A CHAIR AND IT'S LIKE HOLY CRAP,

2:26:40 I'M ACTUALLY VERY LUCKY IN THAT REGARD.

2:26:43 MY FEET FEEL OK.

2:26:45 I'M JUST REALLY SLEEPY BECAUSE— I WOKE UP AT 4:00 A.M.

2:26:49 YESTERDAY TO WATCH ONE OF MY FRIENDS FINISHED,

2:26:52 WHICH IS NOT EXACTLY CONDUCIVE TO RECOVERY.

2:26:56 THAT'S A GOOD FRIEND, THOUGH.

2:27:05 CHRISTINA: OVER THREE DAYS,

2:27:08 I THINK YOU TOOK THREE 10 MINUTE NAPS AND YOU AVERAGED A 13 MINUTE PACE.

2:27:11 I UNDERSTAND MASHED POTATOES PLAYED A HUGE ROLE.

2:27:12 YOU WANT TO TALK ABOUT HOW YOU GET THROUGH THIS?

2:27:15 I CAN'T BELIEVE YOU DON'T REALLY SLEEP.

2:27:17 HOW DO YOU GET YOUR BODY TO DO THAT?

2:27:18 RACHEL: I DON'T KNOW, TO BE HONEST WITH YOU.

2:27:24 I DON'T KNOW.

2:27:29 I SLEPT FOR FIVE MINUTES, ACTUALLY.

2:27:30 IT WAS A FIVE MINUTE NAP.

2:27:36 I TOOK 27 MINUTE— TWO SEVEN MINUTE NAPS.

2:27:42 LAST YEAR, I SLEPT FOR PROBABLY 30 MINUTES.

2:27:45 THE YEAR PRIOR, I SLEPT FOR ABOUT THREE HOURS.

2:27:49 KIND OF SPREAD OUT THROUGHOUT— OVER THE COURSE OF THREE DAYS, BASICALLY.

2:27:53 BUT YEAH, I DON'T KNOW HOW— I DON'T ACTUALLY

2:27:56 KNOW HOW ANYBODY DOES THIS TO BE HONEST WITH YOU.

2:27:59 BUT, WHEN YOU HAVE TO, YOU FIGURE IT OUT.

2:28:03 AND YOU KNOW, FOR ME, THE WAY THAT I FRAME DOING THIS RACE IS,

2:28:11 YOU KNOW, OUR OBJECTIVE IS TRIED— TRY TO GET TO FLAGSTAFF THE FASTEST.

2:28:15 ANYTHING I DO THAT'S NOT DIRECTING ME TOWARD

2:28:17 FLAGSTAFF IS NOT HELPING ME ACCOMPLISH MY GOAL.

2:28:22 SO YEAH, A LOT OF CAFFEINE PROBABLY.

2:28:28 AND YEAH, I MAKE A JOKE THAT A LOT OF THE FOODS I LIKE EATING OUR BASE.

2:28:30 I EAT A LOT OF THINGS LIKE RICE AND MASHED POTATOES.

2:28:34 THEY ARE REALLY GOOD FOR THINGS LIKE THIS.

2:28:36 DAVID: CAN YOU TAKE US INTO THE MIND OF RACHEL DURING THIS RACE?

2:28:42 THERE WAS A PIECE IN THE NEW YORK TIMES ABOUT ANOTHER FAMOUS ULTRA IN TENNESSEE.

2:28:50 YOU GO THROUGH THIS AMAZING PSYCHOLOGICAL MOMENT WHERE— I'VE STAYED UP

2:28:55 LATE THROUGH THE NIGHT AND THAT HAS AN EFFECT ON ME,

2:28:57 NOT SPEAKING COHERENTLY AND THINKING STRAIGHT.

2:28:59 WHAT'S GOING THROUGH YOUR MIND AS YOU HIT DAY

2:29:03 TWO OF THIS AND YOU'VE SLEPT FOR FIVE MINUTES TOTAL?

2:29:05 ARE YOU OUT OF BODY?

2:29:10 WHAT'S HAPPENING?

2:29:12 RACHEL: I GUESS EVERY YEAR I HAVE COME UP WITH SOME SORT OF MANTRA.

2:29:15 LAST YEAR, I REMEMBER MY MANTRA WAS JUST GET TO FLAGSTAFF.

2:29:21 ANY TIME I WAS FRUSTRATED OR FELT LIKE I WAS GOING

2:29:26 SLOW OR JUST LIKE WANTED TO QUIT, IT WAS LIKE NO,

2:29:29 YOU SIGNED UP FOR THIS BECAUSE YOU WANT TO SEE

2:29:32 WHAT HAPPENS WHEN YOU ARE PUSHED TO YOUR LIMITS.

2:29:35 THE FIRST YEAR I DID THIS RACE, I WON THIS RACE.

2:29:43 I HAVE WON THIS RACE EVERY YEAR THAT I'VE DONE IT.

2:29:47 I WAS SO UNBELIEVABLY TIRED AND I NEVER EXPERIENCED THAT TYPE OF FATIGUE BEFORE.

2:29:50 I WAS REALLY GRUMPY AND UNGRATEFUL FOR WHAT HAD JUST HAPPENED.

2:29:54 AND I DIDN’'T LIKE THAT.

2:30:00 AND SO, EVERY YEAR SINCE,

2:30:05 ONE OF MY GOALS HAS JUST BEEN TO HAVE A BETTER ATTITUDE.

2:30:08 I DO THINK THAT IS SOMETHING YOU CAN CHOOSE.

2:30:10 THIS IS AN EXCELLENT SETTING FOR ME TO PRACTICE BEING HAPPY

2:30:15 WHEN ALL THINGS SHOULD INDICATE I NEED TO GO TO SLEEP.

2:30:18 CHRISTINA: WE HAVE A MILLION MORE QUESTIONS.

2:30:19 THANK YOU SO MUCH.

2:30:21 PLEASE REST AND THANK YOU FOR JOINING US AND JUST KICKING TOTAL BUTT OUT THERE.

2:30:26 IT WAS AN INSPIRATION TO WATCH.

2:30:28 DAVID: THANKS FOR WATCHING US.

2:30:29 TOMORROW, WE WILL SPEAK WITH THE CHAIR OF THE REPUBLICAN NATIONAL COMMITTEE.

2:30:32 HOPE YOU JOIN US SEVEN O’CLOCK WALL STREET TIME