1 00:00:00,400 --> 00:00:04,640 Speaker 1: This is the Bloomberg Money Minutes on seven hundred WLW. 2 00:00:05,840 --> 00:00:08,520 Speaker 1: All right, we welcome back Monica Ricks from the Bloomberg 3 00:00:08,600 --> 00:00:12,440 Speaker 1: newsroom in New York City. A big story today. The 4 00:00:12,480 --> 00:00:16,720 Speaker 1: Federal Reserve chairman just got served by the Justice Department. 5 00:00:17,000 --> 00:00:17,200 Speaker 2: Yep. 6 00:00:17,320 --> 00:00:20,040 Speaker 3: Tom FED chair Jerown Powell released a video message last 7 00:00:20,120 --> 00:00:23,239 Speaker 3: night confirming the FED was served subpoenas on Friday over 8 00:00:23,280 --> 00:00:26,239 Speaker 3: his testimony this summer on the Fed's two point five 9 00:00:26,280 --> 00:00:29,560 Speaker 3: billion dollar building renovations. This is the latest move in 10 00:00:29,560 --> 00:00:32,479 Speaker 3: President Trump's battle with the FED, and Trump claims he 11 00:00:32,520 --> 00:00:35,120 Speaker 3: knew nothing about this, but he has been pressuring power 12 00:00:35,240 --> 00:00:38,080 Speaker 3: for some time now for not lowering interest rates sharply 13 00:00:38,520 --> 00:00:39,520 Speaker 3: or quickly enough. 14 00:00:40,360 --> 00:00:44,640 Speaker 1: Okay. Meanwhile, the pandemic long over. But one company still 15 00:00:44,720 --> 00:00:47,479 Speaker 1: banking on its COVID business. 16 00:00:47,880 --> 00:00:48,120 Speaker 4: Yeah. 17 00:00:48,200 --> 00:00:51,199 Speaker 3: Maderna says it's US COVID business is better than expected. 18 00:00:51,280 --> 00:00:54,480 Speaker 3: Last year, the company generated about one point nine billion 19 00:00:54,560 --> 00:00:57,440 Speaker 3: dollars in revenue. That's up one hundred million from its 20 00:00:57,440 --> 00:01:01,640 Speaker 3: previous guidance and in line with analyst xpations. Maderna does 21 00:01:01,680 --> 00:01:04,240 Speaker 3: aim to break even by twenty twenty eight, but that's 22 00:01:04,280 --> 00:01:06,360 Speaker 3: going to depend on whether it can convince the Trump 23 00:01:06,440 --> 00:01:11,319 Speaker 3: administration to approve shots for flu neurovirus and a combo 24 00:01:11,440 --> 00:01:12,800 Speaker 3: shot for flu in covid. 25 00:01:14,319 --> 00:01:18,839 Speaker 4: H okay, and the futures today, well, that. 26 00:01:18,720 --> 00:01:21,919 Speaker 3: Fed news is fueling a sell America sentiment across markets today. 27 00:01:21,959 --> 00:01:25,840 Speaker 3: The dollar, treasury, and US stock futures are all sliding 28 00:01:25,880 --> 00:01:28,160 Speaker 3: in early trading. Down Features are down three hundred and 29 00:01:28,160 --> 00:01:31,440 Speaker 3: fifty two points, Nasdaq futures down two oh five s, 30 00:01:31,520 --> 00:01:35,200 Speaker 3: and P futures are also down thirty nine points from Bloomberg. 31 00:01:35,280 --> 00:01:38,679 Speaker 3: I'm Monica Rix on news radio seven hundred WLW. 32 00:01:39,680 --> 00:01:40,520 Speaker 4: Fight eight eleven. 33 00:01:41,120 --> 00:01:45,039 Speaker 1: Here on the morning show seven hundred WLW. Bill, you 34 00:01:45,080 --> 00:01:49,919 Speaker 1: talk about popular Crime Fix with an Jeanette Levy wrapped 35 00:01:49,960 --> 00:01:53,120 Speaker 1: up twenty twenty five in the top one percent one 36 00:01:53,280 --> 00:01:58,280 Speaker 1: percent of videos on Spotify. I would say that's pretty cool, 37 00:01:58,760 --> 00:02:02,200 Speaker 1: and she does a fun nomenal job covering crime and 38 00:02:02,280 --> 00:02:06,760 Speaker 1: big crime stories across the country and even on the 39 00:02:06,800 --> 00:02:10,160 Speaker 1: local front. So the host correspondent at Law and Crime 40 00:02:10,240 --> 00:02:12,600 Speaker 1: kind that up to join us and Jeanette Levy. 41 00:02:12,639 --> 00:02:14,440 Speaker 4: Happy New Year, Anginette, hope you're doing well. 42 00:02:15,760 --> 00:02:18,200 Speaker 5: Hey, Happy new year, Tom, thank you, How are you here? 43 00:02:18,480 --> 00:02:22,239 Speaker 1: I'm doing great? Thank you? No complaints whatsoever. Look, the 44 00:02:22,639 --> 00:02:26,359 Speaker 1: big story locally, it's gotten a lot of pub nationally, 45 00:02:26,800 --> 00:02:31,720 Speaker 1: is this story about the husband and wife killed in 46 00:02:31,760 --> 00:02:35,320 Speaker 1: their Columbus home. And it turns out the husband who 47 00:02:35,400 --> 00:02:39,799 Speaker 1: was killed went to Mason High School, Cincinnati Roots, etc. 48 00:02:41,520 --> 00:02:45,359 Speaker 1: Let's just start with the crime itself. You know, he 49 00:02:46,600 --> 00:02:49,520 Speaker 1: who will get into here in a second, Michael David McKee. 50 00:02:50,000 --> 00:02:53,240 Speaker 1: He gets in this home. It looks like there was 51 00:02:53,320 --> 00:02:57,639 Speaker 1: no forced entry. What does that tell you in and 52 00:02:57,680 --> 00:03:00,160 Speaker 1: of itself? No forced. 53 00:03:02,960 --> 00:03:06,240 Speaker 5: You know, that's a terrifying part of this Tom. It 54 00:03:06,320 --> 00:03:10,280 Speaker 5: really makes you wonder how this ex husband, who was 55 00:03:10,360 --> 00:03:15,679 Speaker 5: divorced from Monique since twenty seventeen. I think that's when 56 00:03:15,680 --> 00:03:19,600 Speaker 5: the divorce was actually final, even though they filed in 57 00:03:19,680 --> 00:03:23,560 Speaker 5: twenty fifteen, how he got into the house. So it 58 00:03:23,600 --> 00:03:26,720 Speaker 5: makes you wonder did he somehow was he able to 59 00:03:26,840 --> 00:03:29,080 Speaker 5: get the code to get into the house. It appears 60 00:03:29,080 --> 00:03:30,919 Speaker 5: they have a keypad if you look on the front 61 00:03:30,919 --> 00:03:35,200 Speaker 5: door of the home. I don't know. I find it 62 00:03:35,240 --> 00:03:39,400 Speaker 5: to be terrifying. How could this guy have gotten into 63 00:03:39,400 --> 00:03:41,800 Speaker 5: the house. He wasn't let into the house. I can 64 00:03:41,840 --> 00:03:44,520 Speaker 5: tell you that I do not believe he was let 65 00:03:44,560 --> 00:03:47,920 Speaker 5: into the house. Nobody has told me that, But it's 66 00:03:47,960 --> 00:03:51,920 Speaker 5: my understanding that he did not want the marriage to end. 67 00:03:52,080 --> 00:03:56,880 Speaker 5: That's what I'm hearing from reliable sources. And he just 68 00:03:56,960 --> 00:04:00,760 Speaker 5: had a really hard time letting go. You know, this 69 00:04:00,880 --> 00:04:03,320 Speaker 5: happened between two am and five am. There's just no 70 00:04:03,440 --> 00:04:07,200 Speaker 5: way he was let into this house. So it tells 71 00:04:07,240 --> 00:04:09,680 Speaker 5: me that he somehow was able to get into this 72 00:04:09,720 --> 00:04:12,560 Speaker 5: home without any sign of a break in. 73 00:04:13,640 --> 00:04:15,160 Speaker 1: Yeah, you know, it makes you wonder when you hear 74 00:04:15,200 --> 00:04:17,320 Speaker 1: about two kids that were in the house, which, by 75 00:04:17,360 --> 00:04:20,320 Speaker 1: the way, two young children, both under the age of five. 76 00:04:20,440 --> 00:04:23,800 Speaker 1: They were found physically unhurt inside of the home. These 77 00:04:23,880 --> 00:04:27,479 Speaker 1: kids were not the children of the person who's being 78 00:04:27,600 --> 00:04:30,560 Speaker 1: charged with the murder. They are the children of the 79 00:04:30,680 --> 00:04:36,400 Speaker 1: couple that was murdered. Monique Teppe and Spencer TEPPI both 80 00:04:36,520 --> 00:04:44,440 Speaker 1: in their thirties. What do we know about Michael David McKee, Well. 81 00:04:44,200 --> 00:04:47,240 Speaker 5: We know that he was thirty nine, just like Monique. 82 00:04:47,720 --> 00:04:51,760 Speaker 5: He is a vascular surgeon. He grew up in Zanesville, Ohio, 83 00:04:52,160 --> 00:04:56,119 Speaker 5: and he was actually living in Chicago in a really 84 00:04:56,279 --> 00:04:58,400 Speaker 5: swanky condominium. 85 00:04:59,040 --> 00:04:59,640 Speaker 4: Practiced. 86 00:05:00,000 --> 00:05:02,960 Speaker 5: I had a practice in Rockford, Illinois. That's where his 87 00:05:03,080 --> 00:05:07,880 Speaker 5: office was outside of Chicago, but somehow and sometimes apparently 88 00:05:07,960 --> 00:05:11,599 Speaker 5: practiced and also Las Vegas was licensed in other states. 89 00:05:12,160 --> 00:05:15,520 Speaker 5: And I'm hearing that he may have had a condominium 90 00:05:16,240 --> 00:05:20,559 Speaker 5: in Las Vegas or the Nevada area, or I should 91 00:05:20,560 --> 00:05:23,160 Speaker 5: say Las Vegas area in Nevada and may have gone 92 00:05:23,200 --> 00:05:27,920 Speaker 5: back and forth. So it sounds like the theory may 93 00:05:27,960 --> 00:05:32,679 Speaker 5: be that he actually drove from Chicago, the Chicago area 94 00:05:33,800 --> 00:05:38,320 Speaker 5: to Columbus to commit these homicides. We should be learning 95 00:05:38,360 --> 00:05:41,520 Speaker 5: more about, you know, through the court process, what the 96 00:05:41,560 --> 00:05:45,279 Speaker 5: actual law enforcement theory is. But this is a guy 97 00:05:45,320 --> 00:05:48,440 Speaker 5: who went to the Ohio State University to you know, 98 00:05:48,440 --> 00:05:53,080 Speaker 5: get a medical degree, completed his residency, and you know, 99 00:05:53,200 --> 00:05:58,839 Speaker 5: should be a highly successful die, you know, living his life, 100 00:05:59,720 --> 00:06:02,560 Speaker 5: living the life, maybe possibly making a lot of money. 101 00:06:03,400 --> 00:06:05,839 Speaker 5: But you know, people who in that line of work 102 00:06:05,920 --> 00:06:11,200 Speaker 5: also can have massive egos. So you know, that's what 103 00:06:11,240 --> 00:06:12,560 Speaker 5: we know about Michael McKees. 104 00:06:12,720 --> 00:06:16,440 Speaker 1: You know, I'm kind of curious an Jeanette Levy, who 105 00:06:16,480 --> 00:06:19,159 Speaker 1: covers crime for a living. I mean, she's covered some 106 00:06:19,240 --> 00:06:23,159 Speaker 1: of the biggest crimes and crime stories, including Brian Kohlberger 107 00:06:23,160 --> 00:06:28,040 Speaker 1: out in Idaho and those murders of the students there. 108 00:06:27,279 --> 00:06:28,120 Speaker 4: Over a year ago. 109 00:06:29,240 --> 00:06:31,960 Speaker 1: I'm kind of curious, you know, just based on all 110 00:06:32,080 --> 00:06:35,360 Speaker 1: of the quote unquote criminal minds for lack of a 111 00:06:35,360 --> 00:06:39,839 Speaker 1: better term, that you have covered, do you find that 112 00:06:40,040 --> 00:06:44,599 Speaker 1: most of the time this stuff comes down to one 113 00:06:44,640 --> 00:06:50,000 Speaker 1: of three things some kind of broken love, affair, sex, 114 00:06:50,839 --> 00:06:51,480 Speaker 1: and money. 115 00:06:53,160 --> 00:06:57,200 Speaker 5: Yes, you know it doesn't you know, random crimes are 116 00:06:57,279 --> 00:07:01,960 Speaker 5: pretty atypical. I'm not saying they don't happen with Brian Coburger. 117 00:07:02,800 --> 00:07:05,400 Speaker 5: You know, we have no known connection between him and 118 00:07:05,480 --> 00:07:09,440 Speaker 5: the victims, which is terrifying. You know, there are people 119 00:07:09,480 --> 00:07:12,840 Speaker 5: who target people they don't know that does indeed happen. 120 00:07:13,400 --> 00:07:18,760 Speaker 5: But typically with you know, these crimes, you're seeing somebody. 121 00:07:18,800 --> 00:07:21,400 Speaker 5: It's it's somebody close to somebody or somebody who was 122 00:07:21,480 --> 00:07:26,280 Speaker 5: once close to somebody. So finding out that it's the 123 00:07:26,440 --> 00:07:29,600 Speaker 5: ex husband who is who's being charged and he's and 124 00:07:29,640 --> 00:07:31,600 Speaker 5: it's until proven guilty, you know, they're going to have 125 00:07:31,600 --> 00:07:36,960 Speaker 5: to present evidence in courts. You know that that is 126 00:07:37,080 --> 00:07:39,920 Speaker 5: that is typical. I mean when you cover crime, I 127 00:07:39,920 --> 00:07:44,400 Speaker 5: mean this is not a huge shock. That's you know, 128 00:07:44,480 --> 00:07:47,960 Speaker 5: somebody going into somebody's you know, house in the middle 129 00:07:47,960 --> 00:07:51,320 Speaker 5: of the night like this and you know killing. You know, 130 00:07:51,360 --> 00:07:53,520 Speaker 5: when I heard that they took. You know, it sounds 131 00:07:53,560 --> 00:07:57,280 Speaker 5: like they took steps to protect the children in some fashion, 132 00:07:57,480 --> 00:08:03,200 Speaker 5: keeping them from discovering the homicides. That to me told 133 00:08:03,240 --> 00:08:06,240 Speaker 5: me it was somebody close, and that made me think, 134 00:08:06,280 --> 00:08:10,200 Speaker 5: oh goodness, it's somebody who knows the children. But I 135 00:08:10,200 --> 00:08:14,240 Speaker 5: don't think that he knew the children. So for whatever reason, 136 00:08:15,640 --> 00:08:18,880 Speaker 5: this person is believed to have taken steps to protect 137 00:08:18,920 --> 00:08:23,680 Speaker 5: the children from finding, you know, the carnage of what 138 00:08:23,760 --> 00:08:27,160 Speaker 5: happened to their parents, which is very strange when you 139 00:08:27,160 --> 00:08:31,520 Speaker 5: think about somebody who just committed this heinous act. 140 00:08:32,600 --> 00:08:33,760 Speaker 4: I'm kind of curious. 141 00:08:34,440 --> 00:08:39,959 Speaker 1: You mentioned the couple got married within two years. They separate, 142 00:08:40,840 --> 00:08:44,000 Speaker 1: it takes them two years to finalize the divorce, which 143 00:08:44,040 --> 00:08:47,920 Speaker 1: is not that's not you know, rare. Those things can 144 00:08:47,960 --> 00:08:48,600 Speaker 1: take time. 145 00:08:49,600 --> 00:08:49,800 Speaker 4: You know. 146 00:08:49,840 --> 00:08:52,680 Speaker 1: We read about the fact that there was a restraining order, 147 00:08:52,720 --> 00:08:56,640 Speaker 1: and again that's not rare either, because it could be 148 00:08:56,760 --> 00:09:00,000 Speaker 1: something financially, you're trying to get access to a bank account, 149 00:09:00,160 --> 00:09:03,360 Speaker 1: things like that, which can lead to restraining orders. What 150 00:09:03,400 --> 00:09:07,080 Speaker 1: I'm getting at here, ultimately, though, is do you suspect that, 151 00:09:07,240 --> 00:09:12,640 Speaker 1: based on your experience Anjeanette Levy and covering crimes, there 152 00:09:12,800 --> 00:09:16,520 Speaker 1: has to be some kind of betrayal here, that something 153 00:09:16,679 --> 00:09:19,880 Speaker 1: was off base with this guy and that his ex 154 00:09:20,040 --> 00:09:22,760 Speaker 1: wife knew that. Do you think that's fair to say 155 00:09:22,800 --> 00:09:24,120 Speaker 1: we might come to learn that. 156 00:09:25,320 --> 00:09:27,240 Speaker 5: I think we are going to learn that. I think 157 00:09:27,280 --> 00:09:31,880 Speaker 5: we're going to learn that she, yeah, they dated before this. 158 00:09:32,080 --> 00:09:34,640 Speaker 5: It's not like she met this guy and two days 159 00:09:34,720 --> 00:09:38,720 Speaker 5: later eloped with him. They dated for a time, she 160 00:09:38,800 --> 00:09:42,400 Speaker 5: got married, and then they were married for a couple 161 00:09:42,400 --> 00:09:44,920 Speaker 5: of months, and then she said, you know, I'm out, 162 00:09:46,720 --> 00:09:49,280 Speaker 5: I'm out of this. So she wanted a divorce. She 163 00:09:49,360 --> 00:09:53,520 Speaker 5: wanted out. I think that she wanted out. He did 164 00:09:53,559 --> 00:09:56,160 Speaker 5: not want the marriage to end. And you're right. The 165 00:09:56,200 --> 00:09:59,600 Speaker 5: restraining orders are typical when you file for divorce in Ohio, 166 00:10:00,000 --> 00:10:02,840 Speaker 5: there's always, you know, like a mutual restraining order that 167 00:10:02,880 --> 00:10:07,360 Speaker 5: the court imposes on both parties. So that's that's very typical. 168 00:10:07,800 --> 00:10:10,120 Speaker 5: I think that's pretty much standard procedure in the state 169 00:10:10,160 --> 00:10:13,280 Speaker 5: of Ohio. But I think we will learn more about 170 00:10:13,520 --> 00:10:17,800 Speaker 5: their relationship as this case moves through the system. 171 00:10:18,920 --> 00:10:22,440 Speaker 1: How do these stories, Because there was a story originally 172 00:10:22,679 --> 00:10:25,520 Speaker 1: where it said Monique Tepi made a nine to one 173 00:10:25,679 --> 00:10:29,120 Speaker 1: one call months before this sling. Now police are saying 174 00:10:29,679 --> 00:10:31,880 Speaker 1: that is simply not true. 175 00:10:33,440 --> 00:10:35,920 Speaker 5: Yeah, I think that was some really bad reporting. I 176 00:10:35,960 --> 00:10:38,880 Speaker 5: think that an outlet ran with that and maybe didn't 177 00:10:39,280 --> 00:10:43,679 Speaker 5: you know, do some extra leg work before going with that. 178 00:10:43,679 --> 00:10:47,640 Speaker 5: That call, you know, it was a hang up call. Initially, 179 00:10:47,720 --> 00:10:50,240 Speaker 5: if you look at the paperwork, it was a hang 180 00:10:50,320 --> 00:10:53,440 Speaker 5: up call. They did the thing where they triangulate and 181 00:10:53,600 --> 00:10:57,360 Speaker 5: try to pinpoint where the call came from. The hang 182 00:10:57,440 --> 00:10:59,840 Speaker 5: up call came from one address, and then if you 183 00:11:00,280 --> 00:11:05,240 Speaker 5: where they called back, it came back to the Teppi's address. 184 00:11:05,600 --> 00:11:08,240 Speaker 5: But that woman sounds you know, not that I know 185 00:11:08,320 --> 00:11:11,679 Speaker 5: what she sounds like, but it just doesn't sound like 186 00:11:11,880 --> 00:11:15,680 Speaker 5: what I would imagine Monique Tepi sounds like. And she, 187 00:11:15,920 --> 00:11:17,440 Speaker 5: you know, the woman says, you know, me and my 188 00:11:17,559 --> 00:11:21,440 Speaker 5: man got into it or something like that. And I 189 00:11:21,440 --> 00:11:24,439 Speaker 5: think if this woman was probably outside the house, whether 190 00:11:24,480 --> 00:11:27,000 Speaker 5: she was in a moving car or walking down the street. 191 00:11:27,760 --> 00:11:31,160 Speaker 5: And just because it said if you look at the 192 00:11:31,200 --> 00:11:33,640 Speaker 5: paperwork on that, you can tell that they're trying to 193 00:11:33,679 --> 00:11:37,439 Speaker 5: trace the actual cell phone number. And I think there 194 00:11:37,480 --> 00:11:39,400 Speaker 5: needed to be a little more due diligence done on 195 00:11:39,440 --> 00:11:43,200 Speaker 5: that because there are actually two addresses given for the 196 00:11:43,280 --> 00:11:47,200 Speaker 5: hang up. The initial hang up call and then the 197 00:11:47,320 --> 00:11:51,400 Speaker 5: later connecting call where they call her back and she says, 198 00:11:51,600 --> 00:11:54,560 Speaker 5: me and my man got into it. I'm okay that 199 00:11:54,679 --> 00:11:57,679 Speaker 5: type of thing, or you know, you hear the woman talking. 200 00:11:57,760 --> 00:12:00,679 Speaker 5: So I think just going and run with that was 201 00:12:00,720 --> 00:12:03,240 Speaker 5: maybe not the right thing to do. That needed a 202 00:12:03,240 --> 00:12:06,480 Speaker 5: little more like work before publishing that. So it had 203 00:12:06,559 --> 00:12:07,960 Speaker 5: nothing to do with the Teppies. 204 00:12:08,200 --> 00:12:11,360 Speaker 1: Okay, last thing before I let you go, Anngeanette Leevy, 205 00:12:11,520 --> 00:12:15,400 Speaker 1: is there anything about this case that you think people 206 00:12:15,480 --> 00:12:18,240 Speaker 1: are not talking enough about. 207 00:12:20,440 --> 00:12:23,120 Speaker 5: I think that people, you know, people get wrapped up 208 00:12:23,160 --> 00:12:28,240 Speaker 5: in the mystery of the of something and it's terrifying, right, 209 00:12:28,320 --> 00:12:31,679 Speaker 5: I mean, everybody can relate to this, having little kids 210 00:12:31,760 --> 00:12:35,960 Speaker 5: being asleep in your home, it's terrific. But I think 211 00:12:36,000 --> 00:12:39,680 Speaker 5: that people need to really remember that there are families 212 00:12:40,120 --> 00:12:42,400 Speaker 5: at the center of this. There are two little kids 213 00:12:42,480 --> 00:12:45,880 Speaker 5: now who are going to grow up without their parents. 214 00:12:46,200 --> 00:12:50,400 Speaker 5: And you know, I was really disheartened to see people 215 00:12:51,200 --> 00:12:56,280 Speaker 5: targeting Rob Missla online and harassing him and acting like 216 00:12:56,480 --> 00:12:58,720 Speaker 5: he was the brother in law of Spencer and Monique 217 00:12:59,200 --> 00:13:03,280 Speaker 5: and saying that he was somehow you know, by him 218 00:13:03,360 --> 00:13:07,400 Speaker 5: speaking for his loved ones, you know, involved in this 219 00:13:07,600 --> 00:13:10,319 Speaker 5: and it was just really bad. I think people need 220 00:13:10,400 --> 00:13:15,000 Speaker 5: to think about the victims before they get on the 221 00:13:15,040 --> 00:13:19,280 Speaker 5: internet and start talking about these things and how their 222 00:13:19,320 --> 00:13:23,679 Speaker 5: actions are impacting other people. You need to remember these 223 00:13:23,679 --> 00:13:28,480 Speaker 5: are real people who are suffering right now and going 224 00:13:28,480 --> 00:13:31,960 Speaker 5: through the worst time in their lives. So I think 225 00:13:32,000 --> 00:13:34,400 Speaker 5: that's something that people really need to think about. 226 00:13:34,800 --> 00:13:37,160 Speaker 1: Okay, well, Angeanette, I can't thank you enough of your 227 00:13:37,160 --> 00:13:39,520 Speaker 1: time and your expertise. It's always great having you with 228 00:13:39,600 --> 00:13:41,000 Speaker 1: us here on the Morning Show, and I hope you 229 00:13:41,040 --> 00:13:42,320 Speaker 1: have a great rest of your day. 230 00:13:42,440 --> 00:13:44,679 Speaker 4: Thank you. Seven hundred WLW. 231 00:13:45,360 --> 00:13:48,320 Speaker 6: This is a Bloomberg money minute. Amazon is blenning a 232 00:13:48,360 --> 00:13:52,200 Speaker 6: Walmart style big box store near Chicago. The retailer would 233 00:13:52,200 --> 00:13:55,960 Speaker 6: sell groceries and general merchandise. The company has been struggling 234 00:13:56,000 --> 00:13:58,959 Speaker 6: to find the right formula for in person shopping under 235 00:13:58,960 --> 00:14:02,720 Speaker 6: the Amazon brand, and if approved by officials, Amazon could 236 00:14:02,760 --> 00:14:07,920 Speaker 6: begin construction later this year. The Trump administration dramatically escalated 237 00:14:07,960 --> 00:14:09,480 Speaker 6: its attacks on the Federal Reserve. 238 00:14:09,920 --> 00:14:10,199 Speaker 3: Chair J. 239 00:14:10,400 --> 00:14:13,120 Speaker 6: Powell says the Central Bank has been served grand jury 240 00:14:13,200 --> 00:14:17,160 Speaker 6: subpoenas from the Justice Department. This is fueling concerns over 241 00:14:17,240 --> 00:14:21,400 Speaker 6: Central Bank autonomy and setting interest rates and triggering declines 242 00:14:21,480 --> 00:14:25,680 Speaker 6: in stock index futures and shares of Shakesheck are tumbling. 243 00:14:25,840 --> 00:14:28,440 Speaker 6: The burger chain reported fourth quarter sales that came in 244 00:14:28,520 --> 00:14:32,360 Speaker 6: below Wall Street expectations. The results are likely to add 245 00:14:32,360 --> 00:14:35,440 Speaker 6: concerns that the fast casual eateries are set for another 246 00:14:35,560 --> 00:14:39,600 Speaker 6: challenging year. Consumers have been weighed down by higher prices 247 00:14:39,960 --> 00:14:42,440 Speaker 6: and weakness in the job market, so they've been eating 248 00:14:42,440 --> 00:14:48,280 Speaker 6: out less. Corney to Donahope Bloomberg Radio. 249 00:14:49,960 --> 00:14:52,040 Speaker 4: Hight eight thirty eight, Welcome to the morning show. 250 00:14:52,080 --> 00:14:56,560 Speaker 1: You're on seven hundred Wlwe's one of the leading experts 251 00:14:56,600 --> 00:14:59,040 Speaker 1: in the country, around the world, and you hear him 252 00:14:59,080 --> 00:15:00,600 Speaker 1: each and every day here on the Big One with 253 00:15:00,680 --> 00:15:04,600 Speaker 1: us Jay Ratliffe in the world of aviation. Jay, thanks 254 00:15:04,640 --> 00:15:06,800 Speaker 1: for taking the time to circle back and join us. 255 00:15:06,840 --> 00:15:08,720 Speaker 1: Wanted to talk to you about this article. I read 256 00:15:08,720 --> 00:15:12,360 Speaker 1: it in the Epic Times about what the federal government 257 00:15:12,400 --> 00:15:16,720 Speaker 1: Transportation Secretary Sean Duffy is calling the most important infrastructure 258 00:15:16,800 --> 00:15:20,920 Speaker 1: project in the country for decades. We're not talking about roads, 259 00:15:20,960 --> 00:15:25,480 Speaker 1: we're not talking about bridges. We're attempting to modernize and 260 00:15:25,640 --> 00:15:31,520 Speaker 1: upgrade the nation's entire air traffic control system. Why do 261 00:15:31,600 --> 00:15:33,080 Speaker 1: we need to do this. 262 00:15:33,760 --> 00:15:37,720 Speaker 2: Well, we're in essence, using six hundred and twelve round 263 00:15:37,720 --> 00:15:41,320 Speaker 2: based radar units that were rolled out in the nineteen eighties, 264 00:15:41,440 --> 00:15:43,920 Speaker 2: and that we're based on World War Two technology. So 265 00:15:44,880 --> 00:15:47,360 Speaker 2: to say that they're outdated is an insult to the 266 00:15:47,360 --> 00:15:50,960 Speaker 2: word outdated, because when one of these units break down, 267 00:15:51,200 --> 00:15:55,040 Speaker 2: it's almost impossible to find replacement parts, and then you've 268 00:15:55,080 --> 00:15:57,240 Speaker 2: got to find a tech that's still qualified to work 269 00:15:57,280 --> 00:16:01,040 Speaker 2: on something that's nearly fifty years old. And when you 270 00:16:01,040 --> 00:16:03,760 Speaker 2: look at aviation as I do, as an integral part 271 00:16:03,800 --> 00:16:08,200 Speaker 2: to the nation's economy, it's always been perplexing to hear 272 00:16:08,360 --> 00:16:11,520 Speaker 2: politicians for the last twenty thirty years talk about we 273 00:16:11,640 --> 00:16:15,320 Speaker 2: need to upgrade the air traffic control system, get away 274 00:16:15,360 --> 00:16:18,160 Speaker 2: from the ground based radar, make things more efficient. Now 275 00:16:18,520 --> 00:16:21,000 Speaker 2: more efficient means if we can move towards a satellite 276 00:16:21,080 --> 00:16:24,160 Speaker 2: based imaging or something that gets us beyond the ground 277 00:16:24,240 --> 00:16:26,400 Speaker 2: based radar type of thing, something that's a little bit 278 00:16:26,440 --> 00:16:29,760 Speaker 2: more current. It would make the operations within the Federal 279 00:16:29,800 --> 00:16:34,240 Speaker 2: Aviation Administration safer and certainly more fuel efficient. So all 280 00:16:34,280 --> 00:16:37,440 Speaker 2: of these are good things. And you know the idea 281 00:16:37,480 --> 00:16:40,400 Speaker 2: that President Trump has made this a priority is great 282 00:16:40,480 --> 00:16:44,160 Speaker 2: because so many administrations over the last several year decades 283 00:16:44,560 --> 00:16:47,160 Speaker 2: have addressed it as they do in the national debt. Yeah, 284 00:16:47,240 --> 00:16:50,080 Speaker 2: we've got to do something about it, but Tom, none 285 00:16:50,160 --> 00:16:53,280 Speaker 2: of them have really made it a priority of their administration. 286 00:16:53,800 --> 00:16:55,800 Speaker 2: And part of the Big Beautiful Trump Bill was that 287 00:16:55,840 --> 00:16:57,240 Speaker 2: they were going to roll this out and have a 288 00:16:57,240 --> 00:16:59,840 Speaker 2: provision in there that was going to allocate real money 289 00:17:00,280 --> 00:17:03,280 Speaker 2: going into these upgrades. And it's great to see because 290 00:17:03,280 --> 00:17:07,399 Speaker 2: when you recognize, as we do, that the demand for 291 00:17:07,480 --> 00:17:10,160 Speaker 2: travel over the next ten to fifteen years could probably 292 00:17:10,240 --> 00:17:13,080 Speaker 2: double from what we have right now, there's no time 293 00:17:13,119 --> 00:17:14,719 Speaker 2: to waste. And this is going to take about two 294 00:17:14,800 --> 00:17:18,320 Speaker 2: years or so to get everything implemented and upgraded. And 295 00:17:18,359 --> 00:17:21,760 Speaker 2: I think I'm absolutely thrilled because when it first was mentioned, 296 00:17:21,800 --> 00:17:24,600 Speaker 2: I thought, well, that's good. But let's see if they 297 00:17:24,600 --> 00:17:26,719 Speaker 2: take the next step and they continue to do so, 298 00:17:27,240 --> 00:17:28,600 Speaker 2: and I could not be happier. 299 00:17:28,800 --> 00:17:32,080 Speaker 1: Yeah, twelve point five billion was in the quote unquote 300 00:17:32,080 --> 00:17:35,960 Speaker 1: President Trump's Big Beautiful Spending Bill back in July, and 301 00:17:36,160 --> 00:17:40,760 Speaker 1: Duffy has asked Congress for the additional twenty billion to 302 00:17:40,880 --> 00:17:44,400 Speaker 1: complete the project by the end of the president's term. 303 00:17:44,520 --> 00:17:46,879 Speaker 4: So, like you said it could be, you know, depending 304 00:17:46,880 --> 00:17:47,639 Speaker 4: on who you believe. 305 00:17:47,760 --> 00:17:50,560 Speaker 1: And I don't know how long these things really do take, 306 00:17:50,600 --> 00:17:52,560 Speaker 1: but some are saying it could take two and a 307 00:17:52,640 --> 00:17:56,440 Speaker 1: half up to four years. Bottom line is, let's start 308 00:17:56,440 --> 00:17:59,840 Speaker 1: with a couple of things. You have sat inside and 309 00:18:00,040 --> 00:18:04,800 Speaker 1: air traffic control tower. I don't know when we've read 310 00:18:04,800 --> 00:18:08,160 Speaker 1: all the stories Jay about you know, the stress involved 311 00:18:08,160 --> 00:18:08,800 Speaker 1: in that job. 312 00:18:08,840 --> 00:18:10,240 Speaker 4: I can't imagine what it's like. 313 00:18:10,320 --> 00:18:13,520 Speaker 1: You're talking about millions of lives potentially at stake if 314 00:18:13,560 --> 00:18:18,680 Speaker 1: anything bad were to happen. What is that like sitting 315 00:18:18,720 --> 00:18:21,240 Speaker 1: inside a traffic control tower. 316 00:18:22,560 --> 00:18:27,840 Speaker 2: Well, you're you're using outdated technology in a position where 317 00:18:28,080 --> 00:18:32,560 Speaker 2: mistakes cost lives, and you're aware of that. So everything 318 00:18:32,640 --> 00:18:35,240 Speaker 2: is on a kind of a heightened basis. It's certainly 319 00:18:35,280 --> 00:18:38,679 Speaker 2: a stressful situation. And then let's remember that we are 320 00:18:38,720 --> 00:18:42,560 Speaker 2: several thousand air traffic controller shorts. So that means instead 321 00:18:42,600 --> 00:18:46,360 Speaker 2: of me having a five day work week hahaha, which 322 00:18:46,400 --> 00:18:48,320 Speaker 2: they've not seen forever, it's going to be six days, 323 00:18:48,400 --> 00:18:50,920 Speaker 2: seven days a week. So I'm I'm working over time. 324 00:18:51,000 --> 00:18:55,080 Speaker 2: Many times, I'm exhausted, and you really sometimes feel bad 325 00:18:55,119 --> 00:18:58,320 Speaker 2: about calling and taking a day off because that's letting 326 00:18:58,320 --> 00:19:00,960 Speaker 2: the team down, so you're trying to push your way 327 00:19:00,960 --> 00:19:04,000 Speaker 2: through this. So you've got out data technology in an 328 00:19:04,000 --> 00:19:08,719 Speaker 2: increasing stressful environment which is right now severely under staff 329 00:19:09,119 --> 00:19:11,120 Speaker 2: and we need to work on that. But again that's 330 00:19:11,119 --> 00:19:13,760 Speaker 2: a five to six year fix two because the pipeline 331 00:19:13,760 --> 00:19:16,840 Speaker 2: involved in hiring somebody, getting them trained and they're on 332 00:19:16,880 --> 00:19:19,280 Speaker 2: their own in four or five years. So none of 333 00:19:19,280 --> 00:19:21,840 Speaker 2: the stuff is a quick fix. And that's the frustrating 334 00:19:21,880 --> 00:19:23,760 Speaker 2: part is it's kind of been ignored for a while. 335 00:19:24,119 --> 00:19:27,960 Speaker 2: So air traffic controllers, when you recognize the type of 336 00:19:28,000 --> 00:19:31,280 Speaker 2: equipment they're working with, the stress that they're under, and 337 00:19:31,359 --> 00:19:34,919 Speaker 2: you recognize that we've gone sixteen years prior to the 338 00:19:34,960 --> 00:19:39,800 Speaker 2: accident to last January between an aviation accident involving a 339 00:19:39,800 --> 00:19:43,000 Speaker 2: fatality with a crash of an aircraft, it's amazing that 340 00:19:43,040 --> 00:19:44,000 Speaker 2: they do the job. 341 00:19:43,800 --> 00:19:46,000 Speaker 4: That they do. Really had that. 342 00:19:46,040 --> 00:19:48,439 Speaker 2: Army helicopter not been in the position it was in, 343 00:19:48,480 --> 00:19:51,080 Speaker 2: and of course we have the plane crash in Alaska 344 00:19:51,400 --> 00:19:55,120 Speaker 2: the month later, the safety record continues to be stellar, 345 00:19:55,440 --> 00:19:58,920 Speaker 2: even though we're using equipment that is so far beyond 346 00:19:59,119 --> 00:20:03,719 Speaker 2: outdated it's ridiculous. It's like the seven forty seven aircrafts 347 00:20:04,040 --> 00:20:06,960 Speaker 2: that are still being updated with loppy disks. That kind 348 00:20:07,000 --> 00:20:10,480 Speaker 2: of stuff blows people's minds. Younger people can google it 349 00:20:10,520 --> 00:20:13,119 Speaker 2: to see what we're talking about. But it's the type 350 00:20:13,119 --> 00:20:16,240 Speaker 2: of thing that you just wouldn't think would happen. But sadly, 351 00:20:16,280 --> 00:20:19,600 Speaker 2: in the realm of aviation, that's the world in which 352 00:20:19,600 --> 00:20:20,119 Speaker 2: we live. 353 00:20:21,680 --> 00:20:22,200 Speaker 4: Some of it. 354 00:20:22,240 --> 00:20:23,920 Speaker 1: And I don't want to go too deep into the 355 00:20:23,960 --> 00:20:26,399 Speaker 1: weeds because you know, people's eyes start rolling in the 356 00:20:26,400 --> 00:20:30,119 Speaker 1: back of their head, including me. But basically, the agency 357 00:20:30,800 --> 00:20:33,879 Speaker 1: Duffy said that they're going to replace copper lines with 358 00:20:34,040 --> 00:20:36,280 Speaker 1: fiber optics. We've seen a lot of that of course, 359 00:20:36,280 --> 00:20:38,439 Speaker 1: with our televisions and our internet and so on and 360 00:20:38,440 --> 00:20:42,000 Speaker 1: so forth. They say, as far as that goes, they're 361 00:20:42,040 --> 00:20:44,639 Speaker 1: already about thirty percent complete. 362 00:20:44,880 --> 00:20:45,919 Speaker 4: Here's a question I have. 363 00:20:46,320 --> 00:20:49,400 Speaker 1: They say they're going to swap the outdated communication hardware 364 00:20:49,560 --> 00:20:55,040 Speaker 1: with wireless and satellite technology on the former the wireless. 365 00:20:55,240 --> 00:20:58,440 Speaker 4: Does that worry you at all? Going wireless? 366 00:20:59,480 --> 00:21:01,600 Speaker 2: It does? I mean there's always a concern because then 367 00:21:01,640 --> 00:21:03,840 Speaker 2: you're worried about is it going to be secure enough 368 00:21:04,040 --> 00:21:06,560 Speaker 2: that it's going to be free from compromise, free from hacking? 369 00:21:07,080 --> 00:21:09,560 Speaker 2: Can anybody get in there mess with things that we 370 00:21:09,640 --> 00:21:12,720 Speaker 2: don't want them interfering with, because you know, you're talking 371 00:21:12,720 --> 00:21:16,360 Speaker 2: about aircraft separation, you know, clearances and all these other 372 00:21:16,440 --> 00:21:20,280 Speaker 2: kinds of things. So obviously that's a concern. But I 373 00:21:20,320 --> 00:21:23,879 Speaker 2: think that we've got the safeguards in place that, you know, 374 00:21:24,040 --> 00:21:27,720 Speaker 2: if it's updated, that those concerns would be minimal. Look, 375 00:21:27,840 --> 00:21:31,920 Speaker 2: they already exist. I think it was in twenty fifteen 376 00:21:32,280 --> 00:21:35,040 Speaker 2: we had members of the Department of Homeland Security that 377 00:21:35,080 --> 00:21:37,720 Speaker 2: went to a gate in Atlantic City, New Jersey with 378 00:21:37,800 --> 00:21:41,040 Speaker 2: a laptop and they sat there and hacked into the 379 00:21:41,119 --> 00:21:44,000 Speaker 2: avionics package on a I think it was a Boeing 380 00:21:44,080 --> 00:21:47,080 Speaker 2: seven fifty seven that was at the gate, And at 381 00:21:47,080 --> 00:21:50,120 Speaker 2: that point in time twenty fifteen, the DHS says, look, 382 00:21:50,240 --> 00:21:52,280 Speaker 2: we've got to make some changes here because there are 383 00:21:52,320 --> 00:21:55,040 Speaker 2: some things here that aren't as they should be, and 384 00:21:55,560 --> 00:21:59,600 Speaker 2: we need to have the necessary technological upgrades protections in 385 00:21:59,680 --> 00:22:03,840 Speaker 2: play so that nobody messes with with the avionics packages remotely. 386 00:22:04,240 --> 00:22:07,159 Speaker 2: So if they did that what eleven years ago with 387 00:22:07,280 --> 00:22:11,160 Speaker 2: a laptop, it really goes to show that, yes, there 388 00:22:11,160 --> 00:22:13,800 Speaker 2: are some serious concerns. We need to make sure that 389 00:22:13,840 --> 00:22:16,400 Speaker 2: we do everything we can. But tom The sad thing 390 00:22:16,440 --> 00:22:19,000 Speaker 2: in aviation in the in the all the years that 391 00:22:19,040 --> 00:22:21,600 Speaker 2: I've been around it is that when we're talking about 392 00:22:21,640 --> 00:22:25,840 Speaker 2: security and having security related discussions, there always tends to 393 00:22:25,880 --> 00:22:29,440 Speaker 2: be the the idea that we're trying to prevent the 394 00:22:29,480 --> 00:22:33,399 Speaker 2: previous attack versus looking ahead at what could be the 395 00:22:33,440 --> 00:22:36,280 Speaker 2: next attack. That's what really was the issue at nine 396 00:22:36,320 --> 00:22:39,119 Speaker 2: to eleven. We were worried about surface air missiles, we 397 00:22:39,119 --> 00:22:43,920 Speaker 2: were worried about bags having explosives in them. We were 398 00:22:43,960 --> 00:22:47,560 Speaker 2: not considering anything beyond what had happened before, which is 399 00:22:47,560 --> 00:22:50,399 Speaker 2: one of the reasons we were totally unprepared when the 400 00:22:50,400 --> 00:22:52,760 Speaker 2: attacks of nine to eleven happened. So now what we're 401 00:22:52,800 --> 00:22:56,359 Speaker 2: trying to do from a safety related standpoint is the 402 00:22:56,440 --> 00:22:59,280 Speaker 2: FAA is trying to reinforce cockpit doors, put up a 403 00:22:59,320 --> 00:23:02,960 Speaker 2: secondary We're trying to prevent another nine to eleven from 404 00:23:03,040 --> 00:23:06,320 Speaker 2: taking place, instead of really saying, look, we've got to 405 00:23:06,359 --> 00:23:11,720 Speaker 2: try to anticipate what the next attack style could be 406 00:23:12,160 --> 00:23:14,639 Speaker 2: so that we're ahead of the game. And obviously there 407 00:23:14,720 --> 00:23:18,600 Speaker 2: are movements in that direction, but it's not anywhere near 408 00:23:18,760 --> 00:23:21,200 Speaker 2: where it should be. Now. They're certainly not made public, 409 00:23:21,560 --> 00:23:23,080 Speaker 2: but I can tell you from what I know that 410 00:23:23,600 --> 00:23:27,080 Speaker 2: we really could be making some much better strides in 411 00:23:27,160 --> 00:23:30,400 Speaker 2: those areas because we tend to look back in aviation 412 00:23:30,520 --> 00:23:31,880 Speaker 2: and not forward on security. 413 00:23:32,320 --> 00:23:36,200 Speaker 1: Another area with airports and some of them getting so busy, jay, 414 00:23:36,560 --> 00:23:38,639 Speaker 1: I don't even know how they're able to handle the 415 00:23:38,760 --> 00:23:43,280 Speaker 1: ground base traffic right. And there's something called Surface Awareness 416 00:23:43,320 --> 00:23:48,560 Speaker 1: Initiative SAI, the acronym for it, that will allow with 417 00:23:48,640 --> 00:23:54,359 Speaker 1: this technology and increasing the number of airports that deploy it, basically, 418 00:23:54,760 --> 00:23:57,840 Speaker 1: air traffic controllers could also see not only what's in 419 00:23:57,880 --> 00:24:00,200 Speaker 1: the air, but what's on the ground. I mean, you've 420 00:24:00,200 --> 00:24:03,159 Speaker 1: got air aircraft, you know, all over the runways, you 421 00:24:03,280 --> 00:24:07,000 Speaker 1: got taxiways, other surface movement areas at airports, the fuel 422 00:24:07,040 --> 00:24:09,399 Speaker 1: trucks that are coming in, and apparently they're going to 423 00:24:09,400 --> 00:24:11,800 Speaker 1: be people that are just going to pay attention to that. 424 00:24:13,400 --> 00:24:16,000 Speaker 2: Well, and that's what we need because I don't care 425 00:24:16,000 --> 00:24:17,879 Speaker 2: if it's an interstate I don't care if it's the 426 00:24:17,880 --> 00:24:21,800 Speaker 2: ground operations in an airport. The more sophisticated we can 427 00:24:21,840 --> 00:24:26,840 Speaker 2: make it so that we've got reliable, immediate real time 428 00:24:27,000 --> 00:24:31,280 Speaker 2: data as we're in essence orchestrating the movement of all 429 00:24:31,320 --> 00:24:33,960 Speaker 2: of the aircraft that are taking off in landing. It's 430 00:24:34,000 --> 00:24:36,680 Speaker 2: only going to make things safer. And we're already upgrading 431 00:24:36,680 --> 00:24:39,200 Speaker 2: technology at several airports where we've had some of these 432 00:24:40,400 --> 00:24:43,399 Speaker 2: increased number of shall we say that, the near mistype 433 00:24:43,600 --> 00:24:46,679 Speaker 2: situations that take place where aircraft are coming in they 434 00:24:46,720 --> 00:24:49,119 Speaker 2: have to go around, or aircraft get to be too close, 435 00:24:49,119 --> 00:24:52,960 Speaker 2: and we have to take maneuvers as far as last 436 00:24:52,960 --> 00:24:55,640 Speaker 2: minute course corrections to make sure that the airplanes don't 437 00:24:55,640 --> 00:24:58,359 Speaker 2: become any closer. And we've had some airports in the 438 00:24:58,359 --> 00:25:00,600 Speaker 2: country they've had a higher number of that than others, 439 00:25:00,800 --> 00:25:03,680 Speaker 2: and they're trying to upgrade the technology there. And that's 440 00:25:03,680 --> 00:25:05,840 Speaker 2: one of the beauties of aviation is that when you 441 00:25:05,920 --> 00:25:09,960 Speaker 2: have a near accident or a concern like that, it's 442 00:25:10,000 --> 00:25:13,440 Speaker 2: investigated by the Federal Aviation Administration, many times the National 443 00:25:13,440 --> 00:25:16,400 Speaker 2: Transportation Safety Board, and they try to learn from that 444 00:25:16,560 --> 00:25:19,800 Speaker 2: near accident situation and say, what can we learn from this, 445 00:25:19,880 --> 00:25:21,760 Speaker 2: what can we glean and what can we do to 446 00:25:21,800 --> 00:25:25,320 Speaker 2: make things as much as humanly possible safer than what 447 00:25:25,359 --> 00:25:28,720 Speaker 2: we've had before. So with every single one of these scenarios, yeah, 448 00:25:28,720 --> 00:25:32,200 Speaker 2: they make the headlines. Everybody's okay, but we've learned something 449 00:25:32,240 --> 00:25:34,280 Speaker 2: that allows us to take the ball down the field 450 00:25:34,320 --> 00:25:37,679 Speaker 2: farther from a safety related standpoint, and that's what we 451 00:25:37,840 --> 00:25:41,320 Speaker 2: always try to do. And within aviation, you're always sharing 452 00:25:41,359 --> 00:25:43,720 Speaker 2: everything that you know so that anything that we do 453 00:25:43,760 --> 00:25:46,160 Speaker 2: here in the United States can help carriers in airports 454 00:25:46,160 --> 00:25:48,640 Speaker 2: in Asia and Europe and all around the world. Things 455 00:25:48,640 --> 00:25:50,960 Speaker 2: that they're doing, that they're learning are being shared with 456 00:25:51,040 --> 00:25:53,640 Speaker 2: airports and airlines here in the United States. So it's 457 00:25:53,680 --> 00:25:55,919 Speaker 2: all a matter of if it's how to operate around 458 00:25:56,240 --> 00:25:58,639 Speaker 2: an aircraft that's parked on the ground, how to make 459 00:25:58,680 --> 00:26:02,439 Speaker 2: sure that we're maintaining everything from a safety standpoint on 460 00:26:02,560 --> 00:26:06,640 Speaker 2: taxi takeoff clearance, all of those situations. It's nothing more 461 00:26:06,680 --> 00:26:10,359 Speaker 2: than a constant evolution to the next greatest technology and 462 00:26:10,440 --> 00:26:14,400 Speaker 2: certainly procedures that we put into place to keep everything moving. 463 00:26:14,640 --> 00:26:16,480 Speaker 2: It's a lot like if somebody could follow a piece 464 00:26:16,480 --> 00:26:18,720 Speaker 2: of mail tom they would never understand how it ever 465 00:26:18,760 --> 00:26:20,680 Speaker 2: got there. Ye, if you could be a bag for 466 00:26:20,760 --> 00:26:23,359 Speaker 2: a day and go through the high speed baggage shorting 467 00:26:23,400 --> 00:26:27,320 Speaker 2: system that exists at many airports, you'd be like, you know, now, 468 00:26:27,359 --> 00:26:29,280 Speaker 2: I'm amazed if any bag ever makes it to where 469 00:26:29,280 --> 00:26:32,720 Speaker 2: it's going to because it's a very complicated process. And 470 00:26:32,760 --> 00:26:34,760 Speaker 2: it's the same thing with these airplanes. And you know, 471 00:26:34,840 --> 00:26:38,080 Speaker 2: occasionally you have two airplanes that'll you know, bump wings 472 00:26:38,080 --> 00:26:40,400 Speaker 2: as or taxing on the ground or something like that, 473 00:26:41,080 --> 00:26:43,240 Speaker 2: and those tend to be the stories that are more 474 00:26:43,240 --> 00:26:46,800 Speaker 2: prevalent than others. But you know, we're doing things so 475 00:26:46,880 --> 00:26:49,720 Speaker 2: that you know, we just are making aviation safer. And 476 00:26:50,000 --> 00:26:52,520 Speaker 2: you know, even though there's issues and concerns, it doesn't 477 00:26:53,080 --> 00:26:56,440 Speaker 2: you know, prevent me one time from taking my taking 478 00:26:56,480 --> 00:26:59,440 Speaker 2: Sherry or any of the kids, grandkids on any flight 479 00:26:59,520 --> 00:27:02,480 Speaker 2: any time I'm without being fully confident that everything is 480 00:27:02,520 --> 00:27:03,639 Speaker 2: as safe as it needs to be. 481 00:27:04,800 --> 00:27:09,040 Speaker 1: Like anything else, when you make a change of this magnitude, right, 482 00:27:09,119 --> 00:27:12,399 Speaker 1: you can go back and maybe trace back and say 483 00:27:13,000 --> 00:27:17,680 Speaker 1: is this going to affect other things? And then how 484 00:27:17,680 --> 00:27:21,919 Speaker 1: are they going to interact in maybe unexpected ways? Is 485 00:27:21,960 --> 00:27:26,680 Speaker 1: there anything through this whole process, long overdue as you've 486 00:27:26,720 --> 00:27:30,360 Speaker 1: talked about already, is there anything that if they were 487 00:27:30,400 --> 00:27:32,679 Speaker 1: to call Jay Rattlif and say, you know, maybe we 488 00:27:32,720 --> 00:27:35,440 Speaker 1: ought to be thinking about this just to make sure 489 00:27:35,640 --> 00:27:38,160 Speaker 1: anything out there for you, Well. 490 00:27:38,000 --> 00:27:39,320 Speaker 2: I mean, I think we need to do a better 491 00:27:39,480 --> 00:27:42,560 Speaker 2: job of screening people that are working right airplanes. That's 492 00:27:42,560 --> 00:27:45,359 Speaker 2: always been a concern of mine because other than a 493 00:27:45,359 --> 00:27:49,280 Speaker 2: handful of airports employees report to work, they park the car, 494 00:27:49,640 --> 00:27:52,800 Speaker 2: and they go from the parking lot to the tarmac 495 00:27:53,080 --> 00:27:57,160 Speaker 2: without being screened. Now, my friends at the Fatalava's administration 496 00:27:57,200 --> 00:27:59,280 Speaker 2: are really quick to say, Jay, come on out, that's 497 00:27:59,320 --> 00:28:02,680 Speaker 2: not accurate. Stop saying that they are screened. But it's 498 00:28:02,760 --> 00:28:05,800 Speaker 2: randomly screening. They're just picked out occasionally. And I always 499 00:28:05,800 --> 00:28:07,479 Speaker 2: tell my friends at the FA Look, if it's such 500 00:28:07,520 --> 00:28:10,040 Speaker 2: a freaking good idea, then let's do with passengers. Okay, 501 00:28:10,320 --> 00:28:13,040 Speaker 2: just you know, screen every few packs. You're obviously not 502 00:28:13,119 --> 00:28:15,080 Speaker 2: going to do that, so obviously you don't want to 503 00:28:15,080 --> 00:28:18,160 Speaker 2: do that with employees. In Atlanta they had to start 504 00:28:18,200 --> 00:28:22,119 Speaker 2: screening employees because they discovered a gun smuggling ring that 505 00:28:22,240 --> 00:28:24,840 Speaker 2: was going on with Delta employees from Atlanta to New York, 506 00:28:24,960 --> 00:28:27,680 Speaker 2: so they had to start screening. In Miami, they've had 507 00:28:27,720 --> 00:28:30,920 Speaker 2: to do it. And when you see the items guns, drugs, 508 00:28:30,960 --> 00:28:33,840 Speaker 2: money and all the things that they get from people 509 00:28:33,840 --> 00:28:36,119 Speaker 2: that know they're going to be screened, Yeah, that's a 510 00:28:36,119 --> 00:28:38,480 Speaker 2: big issue, and for me, it's a security related issue. 511 00:28:38,480 --> 00:28:41,040 Speaker 2: I also like to see the aircraft that remain overnight 512 00:28:41,120 --> 00:28:44,720 Speaker 2: around the country to have better security. A lot of 513 00:28:44,720 --> 00:28:47,200 Speaker 2: people are saying, look, we're spending billions of dollars inside 514 00:28:47,240 --> 00:28:50,320 Speaker 2: the airport on security. Need to leap so, but you know, 515 00:28:50,440 --> 00:28:52,600 Speaker 2: it doesn't prevent somebody from hopping a fence, going up 516 00:28:52,640 --> 00:28:55,480 Speaker 2: to an aircraft, take getting it, taxing it, and taking 517 00:28:55,520 --> 00:28:58,400 Speaker 2: off before we have a chance from a military standpoint 518 00:28:58,680 --> 00:29:01,800 Speaker 2: to respond. Those are my two biggest issues right now. 519 00:29:02,200 --> 00:29:04,560 Speaker 2: But on the positive side of things, with the changes 520 00:29:04,560 --> 00:29:08,320 Speaker 2: that are ongoing, President Trump is doing something now that 521 00:29:08,360 --> 00:29:10,280 Speaker 2: when he's out of office, tom this is going to 522 00:29:10,320 --> 00:29:12,800 Speaker 2: be something we will benefit from for the next ten 523 00:29:12,800 --> 00:29:17,479 Speaker 2: to fifteen, maybe twenty years. So when it's taking place, 524 00:29:17,600 --> 00:29:20,320 Speaker 2: it's going to long outlive his term as a president, 525 00:29:20,400 --> 00:29:22,280 Speaker 2: and it's going to help us. And I look at 526 00:29:22,320 --> 00:29:25,560 Speaker 2: the aviation industry as an integral part to the nation's economy, 527 00:29:25,880 --> 00:29:29,440 Speaker 2: So anything that we can do to help that generate 528 00:29:30,240 --> 00:29:34,520 Speaker 2: more revenue, more profit, get passengers, cargo, mail, you know, 529 00:29:34,560 --> 00:29:37,840 Speaker 2: transported throughout the country. It's a great part of the 530 00:29:38,880 --> 00:29:41,880 Speaker 2: country as far as an economy standpoint, and that's also 531 00:29:41,920 --> 00:29:43,840 Speaker 2: one of the reasons from a terrorist standpoint, he's always 532 00:29:43,880 --> 00:29:46,480 Speaker 2: targeted because if you can do it, there's lots of press. 533 00:29:46,520 --> 00:29:49,680 Speaker 2: Plus it has an adverse impact on the nation's economy, 534 00:29:49,680 --> 00:29:53,560 Speaker 2: which is another key for terrorists. So you know, it 535 00:29:53,600 --> 00:29:56,480 Speaker 2: deserves this kind of attention, it deserves this kind of money, 536 00:29:56,480 --> 00:29:59,800 Speaker 2: and I'm glad to see it because it's again decades 537 00:30:00,120 --> 00:30:03,120 Speaker 2: has to do and I'm just thrilled that somebody's actually 538 00:30:03,120 --> 00:30:05,920 Speaker 2: getting things done instead of just talking about it during 539 00:30:05,920 --> 00:30:08,600 Speaker 2: a debate as though it's something that needs to be fixed, 540 00:30:08,600 --> 00:30:09,880 Speaker 2: and then they never do anything about it. 541 00:30:09,960 --> 00:30:10,600 Speaker 4: Amen to that. 542 00:30:10,760 --> 00:30:13,000 Speaker 1: Jay, Thank you so much for your time and your expertise, 543 00:30:13,040 --> 00:30:14,560 Speaker 1: my friend, I really appreciate it.