WEBVTT - Bloomberg Businessweek Weekend - January 14th, 2022 0:00:01.040 --> 0:00:05.440 This is Bloomberg Business Week inside from the reporters and 0:00:05.600 --> 0:00:09.200 editors who bring you America's most trusted business magazine, plus 0:00:09.240 --> 0:00:13.160 global business, finance and tech news as it happened. Bloomberg 0:00:13.240 --> 0:00:16.759 Business Week with Carol Messer and Bloomberg Quick Takes Tim 0:00:16.800 --> 0:00:21.280 Stinovic on Bloomberg Radio. Hi, everyone, Welcome to the weekend 0:00:21.400 --> 0:00:23.880 edition of Bloomberg Business Week. This week it is all 0:00:23.920 --> 0:00:28.040 about the Year Ahead issue, the major trends, disruptions, breakthrough products, 0:00:28.080 --> 0:00:31.760 innovations and movements to watch out for this year. That's right, 0:00:31.800 --> 0:00:35.520 everything from e V fever and testless tests to fake meats, 0:00:35.680 --> 0:00:39.040 f DA not flying taxis, wellness eating and big bet 0:00:39.159 --> 0:00:41.360 on global golf. It's all in the new issue, and 0:00:41.440 --> 0:00:43.320 over the next couple of hours we're gonna touch on 0:00:43.400 --> 0:00:46.040 some of it, and including the issue's annual collaboration with 0:00:46.080 --> 0:00:49.360 our Bloomberg Intelligence team on the fifty Companies to watch 0:00:49.360 --> 0:00:51.159 they narrow it down from two thousand. Carrol, this is 0:00:51.200 --> 0:00:52.839 one of I know that's one of your favorite sections, 0:00:52.840 --> 0:00:54.600 you said, but you know this is the second year 0:00:54.600 --> 0:00:56.480 I've I've gotten to see it at least as as 0:00:56.480 --> 0:00:58.360 part of Bloomberg. Is also one of my favorites. Its 0:00:58.400 --> 0:01:00.640 names you'll know, and some names you will, but it's 0:01:00.680 --> 0:01:03.360 a global overview of companies to keep an eye on. 0:01:03.640 --> 0:01:06.000 We'll even find some time to talk about how wine 0:01:06.040 --> 0:01:09.320 will change in Wait, are we still gonna get to 0:01:09.360 --> 0:01:16.200 drink it? Are you still gonna get to drink it too? Yeah? Exactly, exactly, Well, 0:01:16.200 --> 0:01:18.199 all that to come, we're gonna kick it off though, 0:01:18.240 --> 0:01:20.640 with the editor Blueberg, Business Week told web Carol, you 0:01:20.640 --> 0:01:22.360 caught up with Joel for an overview of the year 0:01:22.400 --> 0:01:25.240 at issue. Well, we really try and think about what 0:01:25.240 --> 0:01:27.880 what the big, big, big teams are. And obviously there's 0:01:27.880 --> 0:01:30.440 going to be some things that along over the course 0:01:30.440 --> 0:01:33.000 of the year just crop up and and those will 0:01:33.040 --> 0:01:35.040 just be the things that you know, we will cover 0:01:35.080 --> 0:01:38.039 as news. But really you have to kind of think 0:01:38.040 --> 0:01:42.400 about where the money is flowing. Like, for instance, electric vehicles, 0:01:42.400 --> 0:01:46.679 we've seen just a huge acceleration and adoption and companies 0:01:46.800 --> 0:01:49.840 tacking that way, and yet there's still this massive category, 0:01:49.960 --> 0:01:52.680 probably the biggest category of all that is totally up 0:01:52.680 --> 0:01:56.400 for grabs in that electric vehicle trucks right right, So 0:01:56.480 --> 0:02:00.200 looking at how that truck landscape is gonna play out, 0:02:00.240 --> 0:02:03.200 we that that will be a story obviously it's in 0:02:03.280 --> 0:02:04.920 the issue, but we we just know that it's going 0:02:04.960 --> 0:02:08.040 to be a line of reporting throughout the year. And similarly, 0:02:08.080 --> 0:02:10.400 you know, here we are with we've had tons of 0:02:10.440 --> 0:02:14.280 companies go public via things like SPACs, um, you know, 0:02:14.480 --> 0:02:17.919 buying taxis as this whole street you can almost laugh at. 0:02:18.080 --> 0:02:20.519 And yet there was serious money that poured in there, 0:02:20.840 --> 0:02:22.760 and now we're going to see how those companies fare 0:02:22.760 --> 0:02:25.040 on the public market. Well, a lot of a serious 0:02:25.040 --> 0:02:28.360 money going into a certain area, fintech. And you guys 0:02:28.400 --> 0:02:30.440 in the magazine, you know, are constantly talking about the 0:02:30.480 --> 0:02:33.280 intersection of finance and technology. We're seeing a lot of 0:02:33.320 --> 0:02:37.080 disruption and payment systems in the ways consumers gain access 0:02:37.120 --> 0:02:38.880 to credit kind of love it has a great piece 0:02:38.919 --> 0:02:42.840 in the finance section UM in this in this week's issue. 0:02:43.160 --> 0:02:47.200 Why is such an important year for fintech. Well, we've 0:02:47.280 --> 0:02:52.440 just seen how easy it is UM to do to basically, like, 0:02:52.800 --> 0:02:54.639 you know, take your business model, put it on in 0:02:54.680 --> 0:02:57.799 the app, uh and make it hyper hyper easy to use. 0:02:57.840 --> 0:03:00.680 And you know, Robin Hood really embodies that. UM. But 0:03:00.720 --> 0:03:03.040 there's gonna be you know, there there's a new players 0:03:03.080 --> 0:03:04.760 that are going to get into that space, and there's 0:03:04.800 --> 0:03:10.079 just new ways that that consumers are are interacting with commerce. 0:03:10.160 --> 0:03:12.240 And like the one of the stories in this section 0:03:12.240 --> 0:03:14.320 that I just love is about the buy now, pay 0:03:14.400 --> 0:03:16.880 later piece and we think this is gonna be And 0:03:17.160 --> 0:03:19.720 when you think about the companies that are that are 0:03:19.760 --> 0:03:22.400 in this the after pays the clarin is like, you know, 0:03:22.480 --> 0:03:25.080 you can basically look at them see the growth that 0:03:25.120 --> 0:03:27.399 they've had. And then in the story they basically say 0:03:27.560 --> 0:03:30.040 this is the year that you will see it in 0:03:30.120 --> 0:03:33.200 brick and mortar retail, which I think is like astounding. 0:03:33.280 --> 0:03:35.640 It's like you basically go check out at like a 0:03:35.680 --> 0:03:38.400 Best Buy or something and instead of using you know, 0:03:38.440 --> 0:03:40.360 a debit card or a credit card, It's like, what 0:03:40.400 --> 0:03:42.760 if you could actually say I want to buy this now, 0:03:42.800 --> 0:03:45.640 but actually pay later. And that's what that they're gonna 0:03:45.640 --> 0:03:48.040 They say that that is the next big wave that 0:03:48.080 --> 0:03:51.760 we will see this year. But then on the consumer side, 0:03:51.800 --> 0:03:54.400 you know there there's still a risk there, and we 0:03:54.480 --> 0:03:57.400 know that regulators are are taking an interest in this 0:03:57.520 --> 0:04:01.040 because while it might not doing your credit history your 0:04:01.040 --> 0:04:05.160 credit scores initially, um if if your default on those payments, 0:04:05.160 --> 0:04:08.680 you're still gonna have uh, you know, potentially people coming 0:04:08.720 --> 0:04:11.320 after you for money. So we're gonna we're gonna see 0:04:11.360 --> 0:04:15.520 how much consumers are willing to adopt this model instead 0:04:15.560 --> 0:04:17.880 of credit cards. Well, I feel like every time I 0:04:17.880 --> 0:04:20.599 buy something, I see it by now pay later button. 0:04:20.640 --> 0:04:22.400 They're just popping up all over you ready for more? 0:04:23.279 --> 0:04:25.320 I'm ready, I'm ready. Well, you mentioned it's caught the 0:04:25.360 --> 0:04:27.479 attention of regulators, all the changes that are going on 0:04:27.520 --> 0:04:29.880 in fintech. It's also caught the attention to big banks. 0:04:29.880 --> 0:04:32.200 They've got to be like wondering, Okay, are we gonna 0:04:32.240 --> 0:04:35.599 lose you know, our supreme spot at the top. Yeah, 0:04:35.600 --> 0:04:39.160 and that's why they're so busy in Washington, d C. Right, 0:04:39.240 --> 0:04:42.680 And they have you know, long long history in d C. 0:04:43.600 --> 0:04:47.560 But but you know, those relationships will remain really important. 0:04:47.880 --> 0:04:50.960 Why you know, loving dollars will remain ever high. And 0:04:50.960 --> 0:04:52.480 you know, as long as we're talking about d C, 0:04:52.640 --> 0:04:54.960 let's just also talk about this is gonna be a 0:04:55.080 --> 0:04:57.440 year of mid terms, and I think that we we 0:04:57.440 --> 0:04:59.120 spent a lot of time in the issue talking about 0:04:59.160 --> 0:05:02.960 that and obviously in America where that will become a huge, 0:05:03.240 --> 0:05:06.480 huge scheme as the year progresses. Well, let's talk about 0:05:06.520 --> 0:05:08.479 that I mean you do get into that in the 0:05:08.480 --> 0:05:12.479 technology section. Um. You know, we know that things like 0:05:12.560 --> 0:05:17.560 social media has played a really big role in politics already. Um, 0:05:17.600 --> 0:05:22.320 what are we anticipating for two, I mean, leading to 0:05:22.520 --> 0:05:25.120 more division? What does it mean for how the social 0:05:25.120 --> 0:05:27.839 media companies regulate all of this or oversee all of this. 0:05:27.960 --> 0:05:31.960 What are we expecting? Well, we know how how crucial 0:05:32.040 --> 0:05:38.400 it's been. Um, the country is incredibly divisive right now. Um. 0:05:38.480 --> 0:05:42.080 We will anticipate, you know, all of the social platforms 0:05:42.120 --> 0:05:45.080 having to come out, and they've been kind of quiet 0:05:45.160 --> 0:05:48.560 so far, the story explained. Um, so we're waiting to 0:05:48.720 --> 0:05:51.560 see what they're going to do in terms of moderation, 0:05:51.600 --> 0:05:55.440 in terms of censorship, there's a number of noteworthy politicians 0:05:55.440 --> 0:05:58.360 who have been banned. Is there a version where even 0:05:58.520 --> 0:06:02.080 you know, with with Dorsey at Twitter moving aside, like well, 0:06:02.120 --> 0:06:05.880 Twitter reassess and if Trump comes back onto a platform 0:06:06.000 --> 0:06:09.240 like obviously that would be a huge shift and and 0:06:09.320 --> 0:06:13.719 where things currently stands. So there's a lot of unknowns. Um, 0:06:13.760 --> 0:06:16.640 But as we get closer to mid terms, some of 0:06:16.640 --> 0:06:18.960 these things were going to be talked about. Um. Again 0:06:19.000 --> 0:06:21.760 and again. My the other favorite election story in here 0:06:21.800 --> 0:06:25.760 is that Obviously, Georgia was just a huge state last 0:06:25.800 --> 0:06:28.960 time around, and if you can believe it, it's only 0:06:29.040 --> 0:06:32.240 going to be a stranger, weirder election there because there's 0:06:32.279 --> 0:06:35.120 so many elections. We've got senence seats, we've got governor 0:06:35.120 --> 0:06:38.839 of races. It's just gonna all eyes on Georgia again. 0:06:39.279 --> 0:06:41.159 That was Bloomberg Business We get it or Joel Webber. 0:06:41.200 --> 0:06:43.600 The new issue on news stands, online at Bloomberg dot 0:06:43.600 --> 0:06:46.200 com and on the Bloomberg terminal. Don't go anywhere. More 0:06:46.240 --> 0:06:48.640 to come from the year I had issue, including companies 0:06:48.680 --> 0:06:52.000 from Airbnb to Lulu Lemon, the fifties stocks to keep 0:06:52.040 --> 0:06:55.680 an eye on. In our Bloomberg Intelligence team has done 0:06:55.720 --> 0:06:58.880 the research and we will reveal why these firms should 0:06:58.880 --> 0:07:01.360 be on your radar. Your listening to Bloomberg Business Week. 0:07:01.600 --> 0:07:14.600 This is Bloomberg. This is Bloomberg Business Week with Carol 0:07:14.680 --> 0:07:18.880 Masser and Bloomberg Quick Takes Tim Stinovik from Bloomberg Radio. 0:07:20.320 --> 0:07:22.720 This week, it's the year ahead issue of Bloomberg Business 0:07:22.760 --> 0:07:25.800 Week and a favorite part the fifty Companies to Watch, 0:07:25.840 --> 0:07:29.040 compiled with our Bloomberg Intelligence team putting it together. Rebecca 0:07:29.080 --> 0:07:32.360 Panty Solutions and strategy senior editor at Bloomberg business Week. 0:07:32.520 --> 0:07:35.040 She joined us along with Business Week editor Joel Weber. 0:07:35.400 --> 0:07:39.000 The way that this whole project starts as they take 0:07:39.400 --> 0:07:42.640 this massive universe of companies that they cover more than 0:07:42.680 --> 0:07:47.600 two thousand and basically start running it through their spreadsheets, 0:07:47.600 --> 0:07:50.880 and it's just like this gigantic filtering effect to come 0:07:50.960 --> 0:07:55.440 up with these fifty and really excited about them because 0:07:56.160 --> 0:07:59.040 it's not they're not hard calls. They're not you know, 0:07:59.080 --> 0:08:01.280 buy and sell recomm conditions. That's not what we're going 0:08:01.320 --> 0:08:04.520 to get from Bloomberg Intelligence. It's I think it's more 0:08:04.560 --> 0:08:07.760 interesting and perhaps nuanced than that, because we think of 0:08:07.800 --> 0:08:10.040 them as just companies to watch. Some of them have 0:08:10.200 --> 0:08:13.640 positive sentiments, some of them have negative sentiment, but they're 0:08:13.680 --> 0:08:15.760 just ones that we think in that you're ahead, are 0:08:15.880 --> 0:08:19.720 going to be really, really, really interesting companies. Yes, So Rebecca, 0:08:19.760 --> 0:08:21.600 come on in here and talk a little bit about 0:08:21.760 --> 0:08:23.520 some of these companies here. I mean, the one that 0:08:23.560 --> 0:08:25.080 I want, the one that jumped out at me was 0:08:25.080 --> 0:08:27.440 was Airbnb, because I feel like I've been watching Airbnb 0:08:27.560 --> 0:08:30.000 for years at this point after it's huge ip O 0:08:30.120 --> 0:08:32.640 and the way the company was able to recover during 0:08:32.640 --> 0:08:34.839 the pandemic after laying off so many people, Why how 0:08:34.840 --> 0:08:38.360 did Airbnb make the cut? Yeah? I think um, airbb 0:08:38.440 --> 0:08:40.120 will be quite familiar to a lot of us who 0:08:40.240 --> 0:08:43.080 wanted to travel during the pandemic but didn't feel safe 0:08:43.559 --> 0:08:47.079 at a hotel for example. So bookings have been up 0:08:47.160 --> 0:08:51.320 and interestingly they've done really really well with long stays 0:08:51.320 --> 0:08:54.319 to people staying for kind of weeks on edge um. Now, 0:08:54.720 --> 0:08:58.280 the Bloomberg Intelligence analysts feel like Airbnb sets itself apart 0:08:58.360 --> 0:09:03.200 from rivals with the brand advantage, so it's very recognizable 0:09:03.400 --> 0:09:05.600 and it doesn't even really need to spend that much 0:09:05.640 --> 0:09:09.880 in marketing. So that's where Booberg Intelligence as investors should 0:09:09.920 --> 0:09:12.720 be watching this company. Okay, so another one that I 0:09:12.800 --> 0:09:14.679 love and and by the way, can we just all 0:09:14.720 --> 0:09:17.439 say when it's like whatever whatever the weather was was 0:09:17.520 --> 0:09:19.800 at nineteen, it feels like it's like single digits, like 0:09:19.840 --> 0:09:26.720 I'm ready for travel. So so there's also you know, 0:09:26.760 --> 0:09:30.960 New Year's Resolutions, um, Lululemon another one that's on that 0:09:31.120 --> 0:09:34.720 on the list um, and it's not even they're bigger 0:09:34.760 --> 0:09:38.480 than just ath lie leisure Ware now right right, Rebecca 0:09:38.559 --> 0:09:42.120 like that their acquisition of Mirror has sort of changed 0:09:42.200 --> 0:09:44.240 what the company kind of looks like. Talk to us 0:09:44.280 --> 0:09:47.959 more about why Lululemon is on the list. Yeah, definitely, definitely, 0:09:48.040 --> 0:09:50.680 And I think the idea of working out at home 0:09:50.880 --> 0:09:53.720 might have seemed like a niche thing before the pandemic. 0:09:53.800 --> 0:09:56.800 You know, not everyone has an in home gym, but 0:09:57.240 --> 0:10:00.040 um U. Then in the acquisition of Mirror, actually it 0:10:00.120 --> 0:10:02.839 was quite wild time. This is the the at home 0:10:02.880 --> 0:10:05.040 gym where you can see your workout in the mirror. 0:10:05.360 --> 0:10:08.560 Um So, like Peloton, they've done really well with that 0:10:08.880 --> 0:10:11.760 move them and also has in store events, but they've 0:10:11.960 --> 0:10:14.280 they've been doing so really. I guess the point is 0:10:14.480 --> 0:10:18.120 more than just the yoga pants, and and that's reflected 0:10:18.120 --> 0:10:20.400 in the in the positive outlook. I gotta say, I'm 0:10:20.400 --> 0:10:21.679 waiting for somebody to be like mass or do you 0:10:21.720 --> 0:10:23.320 have anything else but yoga pants? I mean, I know 0:10:23.360 --> 0:10:26.480 it's more than yoga pants, but yoga pants at the 0:10:26.480 --> 0:10:29.120 top that feels like work work where Hey, first Solar 0:10:29.200 --> 0:10:31.240 is also on that list. It's been around for a while. 0:10:31.360 --> 0:10:33.559 Um why is this one all of a sudden popping 0:10:33.600 --> 0:10:36.440 up on the list? Rebecca. Yeah, I think one of 0:10:36.440 --> 0:10:38.960 the things that might be surprising to people who don't 0:10:39.000 --> 0:10:42.560 follow the solar industry super closely, is that it's no 0:10:42.760 --> 0:10:47.360 longer super expensive. Um, you know, it had this reputation 0:10:47.400 --> 0:10:50.840 of being, you know, a space that was just never 0:10:50.840 --> 0:10:55.440 going to get mainstream, but actually solar is the most 0:10:55.520 --> 0:10:58.400 cost competitive supply source for electric power now. And first 0:10:58.440 --> 0:11:02.520 Solar is the largest US panel maker. They're investing at 0:11:02.559 --> 0:11:05.560 home and abroad, and they've just won a major order 0:11:05.640 --> 0:11:09.240 from the oil major BP and lights gm VP, which 0:11:09.280 --> 0:11:11.800 is a renewables company that BC has a share, and 0:11:11.960 --> 0:11:15.319 so there definitely want to watch. Okay, let's talk a 0:11:15.360 --> 0:11:19.000 little bit about the Asia Pacific region and and see, 0:11:19.320 --> 0:11:21.760 uh it's Southeast Asia's biggest gaming and e commerce company. 0:11:21.800 --> 0:11:23.720 I think people who I don't know might have been 0:11:23.760 --> 0:11:27.120 following some growth names in the last couple of years 0:11:27.120 --> 0:11:31.160 would no see because it was up nearly four but 0:11:31.200 --> 0:11:34.640 it did not perform that well in only up lies 0:11:34.640 --> 0:11:37.640 it on the list for Yeah. So the thing with 0:11:37.800 --> 0:11:41.520 these these mobile gaming companies like sees that they've got 0:11:41.600 --> 0:11:46.320 there's huge number of players. Um you know, she's got 0:11:46.400 --> 0:11:50.560 seven hundred million active players where it's free fire game, 0:11:51.080 --> 0:11:54.160 and now it's branching into all sorts of news services, 0:11:54.240 --> 0:11:58.000 including online grocery delivery and fintech. And so the Bloomberg 0:11:58.040 --> 0:12:01.160 Intelligence analysts are saying, look, they've got seven her a 0:12:01.240 --> 0:12:03.880 million active players are free fire that they can cross 0:12:04.040 --> 0:12:07.200 market their new services too, So that's a huge bonus 0:12:07.280 --> 0:12:10.559 for them. We haven't if we're going through regions. We've 0:12:10.679 --> 0:12:16.080 hit us, We've hit Asia. Let's bring it around to Mia. 0:12:16.160 --> 0:12:20.559 What's a what's a company with positive sentiment in Europe 0:12:20.720 --> 0:12:24.079 that we like? Rebecca, Well, it might be kind of 0:12:24.160 --> 0:12:28.120 surprising that the Boo version Bloomberg Intelligence analysts have picked 0:12:28.440 --> 0:12:31.720 a tour operator when when so many things are still 0:12:31.800 --> 0:12:36.040 shut down. They've picked two e UM. So they are 0:12:36.040 --> 0:12:39.880 a European tour operator that the I think is poised 0:12:39.960 --> 0:12:43.319 to benefit from a return to travel. And you know, 0:12:43.559 --> 0:12:47.360 we all remember Thomas Cook's failure during the pandemic. Investors 0:12:47.400 --> 0:12:50.360 are a little cautious on to E because they just 0:12:50.600 --> 0:12:52.199 want to make sure that it's not going to follow 0:12:52.280 --> 0:12:56.560 in Thomas Cook's footsteps. But the tour Operators got restructuring 0:12:56.640 --> 0:13:00.000 going on. It's upgrading its technology and it's really changed 0:13:00.040 --> 0:13:03.320 doing the way it operates to focus on offering Childer's 0:13:03.320 --> 0:13:07.520 flexibility and access to premium resorts. So that's definitely want 0:13:07.559 --> 0:13:11.559 to look at as people start to emerge from you know, 0:13:11.800 --> 0:13:16.600 lockdowns and and go see the site. Alright, Rebecca, Robin 0:13:16.679 --> 0:13:19.400 hood Man, we talked about it a lot last year. UM, 0:13:19.880 --> 0:13:21.360 what do we need to be thinking about with this one? 0:13:21.400 --> 0:13:24.079 Because it made the list? Yeah, So Robin hood is 0:13:24.120 --> 0:13:26.640 the one that we've thought about a lot during the 0:13:26.880 --> 0:13:31.839 mean stock friends eason in UM. But now they're you know, 0:13:32.120 --> 0:13:37.400 under the thumb of regulators, including the potentially the Security 0:13:37.480 --> 0:13:40.160 is in Exchange Commission, and there's a big lawsuit in 0:13:40.240 --> 0:13:45.360 Massachusetts that could help UM decide their faith and whether 0:13:45.400 --> 0:13:51.040 they have to impose stricter investor protection rules. UM. So 0:13:51.280 --> 0:13:53.920 if they lose, that's going to be a big negative 0:13:54.000 --> 0:13:57.160 for Robin Hood UM. And if they win, well, let's see. 0:13:57.840 --> 0:14:00.720 That was Rebecca Penty, Solutions and Strategy g Senior editor 0:14:00.720 --> 0:14:03.199 at Bloomberg Business Week, who joined us along with Business 0:14:03.240 --> 0:14:05.520 Week editor Joel Weber. Be sure to check out all 0:14:05.559 --> 0:14:07.640 fifty companies. You can find the story in the magazine, 0:14:07.800 --> 0:14:10.720 on new stands, online at Bloomberg dot com, slash business Week, 0:14:10.960 --> 0:14:13.600 and on the Bloomberg terminal. We'll still come on Bloomberg 0:14:13.640 --> 0:14:16.200 Business week more from the yearhead issue, including a special 0:14:16.240 --> 0:14:19.280 report on flying tax. You're ready, Yeah, I don't know. 0:14:19.440 --> 0:14:22.680 I was looking at this, Carol, and it's like they say, 0:14:22.680 --> 0:14:26.040 they're supposed to be quieter, but I don't know where 0:14:26.040 --> 0:14:27.800 our listeners are all over, of course, but if you 0:14:27.840 --> 0:14:29.640 live in a city, you've come to understand like the 0:14:29.720 --> 0:14:32.880 th the third of of helicopters a lot. But but 0:14:32.960 --> 0:14:36.640 they're not just tricked helicopters. We're talking like little little jets. 0:14:36.800 --> 0:14:38.480 I believe it when I see it. Okay, you're ready 0:14:38.480 --> 0:14:40.640 to pay that quietly? You're ready to pay for it? Yeah? No, 0:14:41.000 --> 0:14:44.960 definitely not are you? Probably not sound like such a 0:14:45.000 --> 0:14:47.640 sour post, right, But there is one that's out there 0:14:47.720 --> 0:14:50.280 to make it kind of you know, access to a 0:14:50.400 --> 0:14:53.840 broader group of people. So we'll see about that. That's 0:14:53.880 --> 0:15:03.720 coming up next. This is Bloomberg broadcasting from the financial 0:15:03.880 --> 0:15:07.360 capital of the World Bloomberg eleven Frio in New York 0:15:07.480 --> 0:15:11.680 to Washington, d C. Bloomberg to Boston, Bloomberg one of 0:15:11.840 --> 0:15:15.280 six one to San Francisco, Bloomberg nine to the country 0:15:15.440 --> 0:15:19.160 Sirius XM Channel one, and around the globe. The Bloomberg 0:15:19.200 --> 0:15:23.760 business and Bloomberg Radio dot com. This is Bloomberg Business 0:15:23.880 --> 0:15:27.640 Week with Carol Messer and Bloomberg Quick Takes Tim Stenovan 0:15:28.000 --> 0:15:31.960 on Bloomberg Radio. In this week's the Year, I had 0:15:32.040 --> 0:15:35.160 issue a special section devoted to electric vertical takeoff and 0:15:35.280 --> 0:15:38.920 landing aircraft, better known perhaps as flying taxis. Are we 0:15:39.080 --> 0:15:42.720 moving from hype to actually hopping in one ready? Tim Um? No? 0:15:43.360 --> 0:15:46.560 Not yet, but maybe soon. Well for more on that, 0:15:46.680 --> 0:15:48.680 and a look at the leading players and where they 0:15:48.840 --> 0:15:51.600 stand and I guess where they fly, and whether infrastructure 0:15:51.600 --> 0:15:54.000 is actually up to enough to handle these things. I mean, look, 0:15:54.080 --> 0:15:56.600 we can't even get an infrastructure deal past right, Okay, 0:15:56.640 --> 0:15:59.240 so I got the bridges around here, Yeah, exactly. Let's 0:15:59.280 --> 0:16:01.760 check in with Bloomberg's are of hyper Drive A K 0:16:01.960 --> 0:16:06.840 Senior editor with our Bloomberg Green team, Demetra Cassiidis, demitra Um. 0:16:07.240 --> 0:16:10.120 Why should we be paying attention to ev tall companies 0:16:10.160 --> 0:16:12.880 this year? Well, we should be paying attention to them 0:16:12.960 --> 0:16:17.200 because they're coming and there have been big investments, notably 0:16:17.320 --> 0:16:22.640 by UH and big orders by major commercial airlines. So 0:16:22.840 --> 0:16:25.160 for a while we were thinking, Okay, these are being 0:16:25.200 --> 0:16:27.640 built and people are pouring money into them, but how 0:16:27.720 --> 0:16:29.400 are they going to be used and are they really 0:16:29.440 --> 0:16:32.400 going to become part of the kind of airspace infrastructure 0:16:32.440 --> 0:16:35.400 wherever we're talking about, And it's looking now like more 0:16:35.440 --> 0:16:38.080 and more there's a lot of interest in how these 0:16:38.160 --> 0:16:40.840 can be utilized also buy airlines, to get people to 0:16:40.920 --> 0:16:44.120 airports and in many other ways. So I think that's 0:16:44.160 --> 0:16:46.720 why we should be paying attention to it because if 0:16:46.800 --> 0:16:50.200 moving ahead, the technology has developed, they're trying to plan 0:16:50.320 --> 0:16:54.080 for the infrastructure and they're really coming um and they 0:16:54.160 --> 0:16:57.480 might in fact make travel a lot easier. Well, what's 0:16:57.520 --> 0:17:00.520 interesting too, and what jumped out in this coverage is 0:17:00.680 --> 0:17:04.720 the amount of major airlines. You know, You're United's, You're 0:17:04.840 --> 0:17:07.439 all the big carriers. They're lining up to be involved 0:17:07.480 --> 0:17:11.800 in this, and they're even in some cases backing it. Yeah, indeed, 0:17:11.920 --> 0:17:14.880 and that is you know, that started to really take 0:17:15.000 --> 0:17:18.800 hold in by the end of the summer into the fall. 0:17:19.000 --> 0:17:21.720 What we've noticed where there were pretty big orders by 0:17:22.080 --> 0:17:25.119 many of the major carriers. We focus in on the 0:17:25.240 --> 0:17:29.480 lead story on Virgin for example, and their order and 0:17:29.600 --> 0:17:33.240 their work with a company called Vertical, And you know, 0:17:33.520 --> 0:17:35.840 there's there's a lot that's going on with the airline 0:17:35.880 --> 0:17:38.120 industry right now and I think that this is one 0:17:38.200 --> 0:17:41.520 piece of them looking for ways to figure out how 0:17:41.840 --> 0:17:45.200 to bring in other revenue streams and how for some 0:17:45.359 --> 0:17:48.000 of what's been going on, and how to make the 0:17:48.080 --> 0:17:53.760 travel experience possibly something that you know, is better for travelers, 0:17:54.359 --> 0:17:56.760 but also that they can attach some kind of a 0:17:56.840 --> 0:17:59.880 premium cost to if they set up a pickup point 0:18:00.000 --> 0:18:02.359 and they can get you to the airport faster with 0:18:02.520 --> 0:18:05.440 the company that they've signed up with. You know, they're 0:18:05.560 --> 0:18:09.320 very interested in that. It's not just a case of fomo, right, 0:18:09.400 --> 0:18:11.440 like the carriers are just lining up because they just 0:18:11.760 --> 0:18:13.800 they don't want to maybe miss out. They actually see 0:18:14.040 --> 0:18:18.480 a practical use here. I think I think that that 0:18:18.720 --> 0:18:21.480 is true there. You know, there's still a question of 0:18:21.600 --> 0:18:24.280 a bit of foamo, but at the at the numbers 0:18:24.359 --> 0:18:27.000 of orders that we're seeing and for what this will cost, 0:18:27.119 --> 0:18:29.280 and again the commitment that you're going to need to make, 0:18:29.800 --> 0:18:33.440 you know, I think it definitely goes beyond fomo. And 0:18:34.119 --> 0:18:36.800 for now it really does appear to be um an 0:18:36.880 --> 0:18:39.720 avenue that they believe will be worthwhile for them and 0:18:39.800 --> 0:18:43.040 will enhance the travel experience for the customers. Hey, what 0:18:43.200 --> 0:18:46.200 is the actual experience for people who are not in 0:18:46.320 --> 0:18:50.119 one of these vehicles. And I'm wondering because of the 0:18:50.320 --> 0:18:52.760 sound that is associated with helicopters. Now I know these 0:18:52.800 --> 0:18:56.000 are electric, some even have you know, uh, instead of rotors, 0:18:56.040 --> 0:18:59.719 have actual jet engines, But are they are they allowed 0:18:59.840 --> 0:19:03.119 like helicopters because of the displacement of air Look, a 0:19:03.200 --> 0:19:05.159 lot of this is what they tell us these of 0:19:05.760 --> 0:19:10.160 because because we wonder how this is all going to work, 0:19:10.320 --> 0:19:12.679 is we don't actually have I mean, there have been 0:19:12.760 --> 0:19:15.399 test flights and there have been there certainly have been 0:19:15.440 --> 0:19:17.440 ways in which you know, you do have an experience 0:19:17.480 --> 0:19:20.960 and you see it. They are quieter. Um, you know, 0:19:21.119 --> 0:19:27.240 they're safer given the technology that's involved. Eventually, uh as 0:19:27.320 --> 0:19:30.040 crazy as the sounds, the goal for these is too 0:19:30.240 --> 0:19:33.440 now we're talking way into the future, for these to 0:19:33.560 --> 0:19:37.480 be autonomous, not just electric, and for these to be pilotless. 0:19:37.600 --> 0:19:39.880 That is a very very long term goal. I mean 0:19:40.000 --> 0:19:42.480 right now, we talk in the section about the challenges 0:19:42.960 --> 0:19:47.399 of regular regulatory approvals for these types of aircraft, and 0:19:47.480 --> 0:19:50.119 we're talked about it in the context of these operating 0:19:50.200 --> 0:19:53.280 with pilots, so it will become even that much harder 0:19:53.320 --> 0:19:56.680 when you're putting together a proposition of pilotless, but they're 0:19:56.880 --> 0:20:00.200 they're more efficient because they're electric, they are quieter because 0:20:00.200 --> 0:20:03.800 they're electric, they're safer and that's that's all part of 0:20:03.840 --> 0:20:06.600 the experience. A big thank you to Bloomberg's Czar of 0:20:06.680 --> 0:20:09.520 hyper Drive, also known as senior editor with our Bloomberg 0:20:09.600 --> 0:20:12.760 Green team, Dimitra Casson. Needs still to come. We're going 0:20:12.800 --> 0:20:15.280 to continue with this week's the Year Ahead issue what 0:20:15.480 --> 0:20:19.040 we all as consumers might expect in including big releases 0:20:19.040 --> 0:20:22.119 from Hollywood on the actual big screen back in theaters. 0:20:22.160 --> 0:20:25.480 We're talking about to e V fever from electric trucks, 0:20:25.560 --> 0:20:28.640 plus Biogen's Alzheimer's drug in the hot seat, the fur 0:20:28.720 --> 0:20:32.480 industry's last gasp. Consumer trends to come. That is next, 0:20:32.880 --> 0:20:44.119 Mrs Bloomberg, you're listening to Bloomberg Business Week with Carol 0:20:44.200 --> 0:20:48.399 Messer and Bloomberg Quick Takes Tim Stinovich from Bloomberg Radio. 0:20:49.840 --> 0:20:52.840 We are all in Ono. So too is this week's 0:20:52.840 --> 0:20:55.520 Bloomberg Business Week with its annual of the Year Ahead issue, 0:20:55.560 --> 0:20:58.840 including a deep dive into how we consume things. Tim So, 0:20:59.240 --> 0:21:03.600 back to the theaters, perhaps maybe jumping into electric trucks. 0:21:03.760 --> 0:21:06.080 I think yeah, for a lot of people and a 0:21:06.080 --> 0:21:08.760 lot of companies. Certainly what about wearing fur Carol, I 0:21:08.800 --> 0:21:11.000 don't see it on you. Yeah no, not not for me, 0:21:11.160 --> 0:21:13.520 but hey, something for everyone. In this section of the 0:21:13.600 --> 0:21:16.240 issue absolutely covers a lot of ground. Blueboard. Business Week 0:21:16.240 --> 0:21:19.280 Assistant Managing Editor Jim Ellis is here with the Rundown gym. 0:21:19.359 --> 0:21:23.000 We talked a lot about e VS one. Now battery 0:21:23.040 --> 0:21:25.359 powered trucks are in the spotlight. So what do we 0:21:25.440 --> 0:21:27.560 need to be watching out for. I mean, it's going 0:21:27.640 --> 0:21:31.200 to be a real battle of between the large established 0:21:31.240 --> 0:21:35.080 truck makers like GM and Ford and Tesla. I mean, 0:21:35.320 --> 0:21:39.320 what happened when the car business was that the main 0:21:39.480 --> 0:21:42.280 companies set back, especially the US companies, just sort of 0:21:42.320 --> 0:21:46.399 set back and let Tesla basically build this market and 0:21:46.800 --> 0:21:49.480 um and one reason was not that they didn't have 0:21:49.680 --> 0:21:52.800 an interest in it, but simply that the car business 0:21:52.840 --> 0:21:55.240