Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. Welcome to the Bloomberg
Speaker 1: This Weekend Podcast with David Gura, Christina Raffini and Elisa Matteo.
Speaker 2: Thanks for joining us for today's selection of conversations from
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Speaker 3: The UK is announcing it will deploy one of its
Speaker 3: warships to the Middle East for a European led mission
Speaker 3: to escort ships through the Strait of Hormus once there
Speaker 3: is a stable ceasefire in place. This coming as dramatic
Speaker 3: new pictures from Sentcom released overnight show flames and large
Speaker 3: plumes of smoke after US fighter jet disabled two Iran
Speaker 3: flag tankers, which it says we're violating the US blockade
Speaker 3: of Irun imports.
Speaker 2: President Donald Trump has worn America could escalate its military
Speaker 2: posture in the Strait as Iran weighs a new proposal
Speaker 2: from the US to end the war back with US
Speaker 2: now is Bloomberg News White House correspondent Jeff Mason, Jeff,
Speaker 2: where do you think this stands all this? Do we
Speaker 2: have any updates on whether each side has gotten a
Speaker 2: response from the other and is there a fear that
Speaker 2: the President will be leaving this conflict without fully securing
Speaker 2: the Strait. I guess that's good news for the President.
Speaker 2: He's likely to be happy that news from the UK
Speaker 2: that they are sending some resources down there. But where
Speaker 2: does this leave the Strait overall if the US doesn't
Speaker 2: fully secure it before and trying to end this conflict?
Speaker 5: Well, the UK angle is definitely interesting, given the pressure
Speaker 5: that President Trump has put on the UK Prime Minister
Speaker 5: and the very really positive state visit that he had
Speaker 5: from King Charles. But to your initial question, Christina, still
Speaker 5: no updates on whether or not Iran has responded yet
Speaker 5: to the latest offer from the United States, and in
Speaker 5: addition to the broad question that you asked about, whether
Speaker 5: that may lead to the President leaving this conflict without
Speaker 5: a few major things resolved, including the Strait of Horror
Speaker 5: moves and whether or not Iran hasn't the ability to
Speaker 5: create a nuclear weapon in the short term. Those are
Speaker 5: more longer term issues. In the short term, it also
Speaker 5: raises a question of where will the conflict stand as
Speaker 5: he leads leaves this country on Tuesday for China. The
Speaker 5: President has a big trip to Beijing next week, and
Speaker 5: this issue is hanging over that visit in the same
Speaker 5: way that it's hung over a lot of the President's
Speaker 5: relationships with other countries and other leaders around the world.
Speaker 3: Jeff, let's talk a bit about that visit. I know
Speaker 3: you're going to be on the plane with the President
Speaker 3: heading over there for that summit. This is one that
Speaker 3: was postponed. I think it was supposed to take place
Speaker 3: back in March. Of course, was postponed because of the
Speaker 3: start of this war. It hasn't ended. In Bloomberg reporting
Speaker 3: this week, there's some unease or dissatisfaction among the Chinese
Speaker 3: that this conflict is still roiling in the Middle East
Speaker 3: while this summit going to take place. We spoke with
Speaker 3: ambassad Nicholas Berns, who was President Biden's ambassador to China.
Speaker 3: I talked to Gary Ginster, the former head of the SEC,
Speaker 3: about the work that they did during the previous administration
Speaker 3: kind of reintegrate ties with China. What are the broad
Speaker 3: objectives that Preston Trump has going into that meeting, aside
Speaker 3: from just sitting down face to face and I guess
Speaker 3: keeping alive that human connection between the leaders of the
Speaker 3: two largest economies in the world.
Speaker 5: Well, that last one that you said is actually a
Speaker 5: pretty pretty big one, just keeping their relationship open, keeping
Speaker 5: the ties and conversations going. But there certainly are some
Speaker 5: other ideas or other hopes that the President wants to
Speaker 5: achieve during that trip, including perhaps extending a trade truce
Speaker 5: that has been in place for a little bit between
Speaker 5: China and the United States, talking about tariffs on both sides.
Speaker 5: Also talking about fentanyl. The President has pressed China's to
Speaker 5: reduce the amount of fentanyl that is coming out of
Speaker 5: its country and into the United States. That's something that
Speaker 5: they had previously agreed on, but that the United States
Speaker 5: does not feel China is really.
Speaker 4: Following up on.
Speaker 5: But then to circle back to the perennial topic of Iran,
Speaker 5: that is no doubt also likely to come up when
Speaker 5: the two leaders meet in Beijing, in part because, as
Speaker 5: you rightly said, Beijing is not happy that this war
Speaker 5: is going on. Beijing is a big client of Iran
Speaker 5: for Iranian oil. That, on the other hand, has created
Speaker 5: tensions between China and the United States because the US
Speaker 5: is upset that they're taking that oil and sort of
Speaker 5: undercutting the blockade that the United States is putting on
Speaker 5: Iranian ports to try to squeeze Iran's economy to push
Speaker 5: them not just to come to the table, but to
Speaker 5: agree to a peace deal.
Speaker 3: Christine, I want to pick up on this because we
Speaker 3: were talking with Ambassador Burns about this. Obviously, the meeting
Speaker 3: that took place between the Foreign Minister of China and Iran,
Speaker 3: but something else that the ambassador said stood out to me,
Speaker 3: and that is he sees this as the beginning of
Speaker 3: a sequence of meetings that we're going to see here
Speaker 3: and indeed, during the Biden.
Speaker 2: Administration, three bullish on this.
Speaker 3: Yeah, sorry, continue, no, no, And I thought that was
Speaker 3: so fascinating. We're focused on this meeting taking place, but
Speaker 3: he seemed quite optimistic this would lead to additional summits
Speaker 3: here down the road. Anyways. Just wanted to note them.
Speaker 2: Jeff, I mean, what is your take, Is there a
Speaker 2: plan for more after this or do they have to
Speaker 2: see how well this one this one goes and then
Speaker 2: of course, before we let you go. The other lingering
Speaker 2: issue is Taiwan, and whether or not the President will
Speaker 2: be more willing to be pushed on Taiwan, or even
Speaker 2: just not stating strongly US support for Taiwan could be
Speaker 2: taken as a signal by the Chinese.
Speaker 5: Absolutely, so to those two points. Number one, Yes, there
Speaker 5: are more meetings planned this year between President She and
Speaker 5: President Trump, and I heard at least some former officials
Speaker 5: say that's one reason why the list of deliverables, which
Speaker 5: is very Washington speak, is not super high for this summit,
Speaker 5: in part because they have to leave some for other
Speaker 5: meetings later in the year. That's another reason why this
Speaker 5: one wasn't delayed, I was told, in part because of
Speaker 5: the calendar. If they delayed this one on one meeting,
Speaker 5: it doesn't leave a whole lot of room for the
Speaker 5: other two or three meetings that are expected between the
Speaker 5: two leaders later this year at summits and perhaps as
Speaker 5: she visit or visit by President She to the United States.
Speaker 5: To your last question on Taiwan, that is absolutely also
Speaker 5: hanging in the air over this visit, there are some
Speaker 5: former government officials who said, who I've heard say in
Speaker 5: the last week as I was preparing for this trip.
Speaker 5: They're concerned that President Trump is in a mood or
Speaker 5: in a position to really soften the US take on Taiwan,
Speaker 5: and that President She is going to try to use
Speaker 5: this opportunity to get him to soften that, perhaps get
Speaker 5: him to say something or commit to delivering fewer arms
Speaker 5: from the United States to Taiwan, and that that would
Speaker 5: potentially dramatically change the position of the United States in
Speaker 5: Taiwan and change that whole relationship with China. It's definitely
Speaker 5: something that President She wants to see.
Speaker 6: All right.
Speaker 2: Jeff Mason traveling with President's Day, our White House corespondent,
Speaker 2: Thank you as always for joining us.
Speaker 3: Give it to another major story now, health experts across
Speaker 3: the globe tracking down and monitoring passengers who are on
Speaker 3: board a cruise ship hit by hauntavirus. Right now, the
Speaker 3: ship is off the coast of West Africa set to
Speaker 3: doc early tomorrow morning. Or seventeen Americans on board that vessel.
Speaker 6: That's right.
Speaker 2: The Centers for Disease Control and Prevention has set a
Speaker 2: team to meet them after six cases have been confirmed
Speaker 2: with two more probables. That includes three people who died now,
Speaker 2: once passengers get on dry land, those Americans will be
Speaker 2: flown to Nebraska for quarantine.
Speaker 7: The individuals that are coming thus far have not been
Speaker 7: diagnosed with hauntavirus, but should they develop symptoms and concerning
Speaker 7: for that diagnosis, we will definitely assess them and care
Speaker 7: for them in the biocontainment unit.
Speaker 2: Joining us now is the former COVID Response Coordinator under
Speaker 2: President Biden, doctor ashish Ja. Doctor. First of all, I
Speaker 2: want to ask a dumb question, and that is is
Speaker 2: it hantavirus or haunt of virus?
Speaker 8: Morning?
Speaker 2: We have differing opinions on this. And then I also,
Speaker 2: I grew up with this out West. I know, David,
Speaker 2: you spent some time there as a kid. I didn't
Speaker 2: think it spread like this. So how do we say it?
Speaker 2: And how does it spread? And how dangerous is it?
Speaker 8: All right?
Speaker 9: Three great questions? Good morning, and thanks for having me here.
Speaker 9: I've always called it hantavirus. That's what I was taught
Speaker 9: when I was in medical school. So let's go with hanta.
Speaker 8: Okay.
Speaker 9: Most strains of haunt of virus are spread from rodents
Speaker 9: to humans, and they don't spread from human to human.
Speaker 9: There's one strain that is an exception to that, and
Speaker 9: that's C ANDDY strain, and unfortunately that's what we have
Speaker 9: on the cruise ship.
Speaker 6: So far.
Speaker 9: It's a pretty dangerous virus. And so if you grew
Speaker 9: up in the American Southwest, New Mexico, Arizona, you've probably
Speaker 9: heard of hunt of virus. Usually get it from rodent droppings,
Speaker 9: getting aerosolis and you breathe it in thirty forty percent
Speaker 9: mortality of it, maybe even higher. So it's a pretty
Speaker 9: dangerous virus. Thankfully, we have not seen large outbreaks in
Speaker 9: the past, but this one is different, partly because it's
Speaker 9: the wrong strain or is the bad strain the one
Speaker 9: that spreads and it ended up being on a cruise ship,
Speaker 9: which is a pretty good piece tree dish for a
Speaker 9: lot of viruses.
Speaker 3: Ready my turn now for a two part question. The
Speaker 3: first is Nebraska. Why Nebraska? I remember this being a
Speaker 3: facility that was used during the Abola outbreak. I think
Speaker 3: maybe during the early days of COVID as well. So
Speaker 3: that's my first part. The second is what will happen
Speaker 3: to these patients when they get there? What does this
Speaker 3: quarantine look like in practice?
Speaker 9: Yeah, two good questions. So Nebraska, we have these special
Speaker 9: pathosien units in across the US. The University of Nebraska
Speaker 9: Medical Center is got one of the best ones in
Speaker 9: the country. I'd argue one of the best in the world.
Speaker 9: The most dangerous pathogens, people who might be infected with
Speaker 9: them can go there. They've got fantastic safety protocols, some
Speaker 9: of the best clinicians in the world on these topics.
Speaker 9: So that's why Nebraska, that's why our ebola patients went there,
Speaker 9: and that's why it's a good place for these folks
Speaker 9: to go. Look, I don't think do I think they
Speaker 9: need that.
Speaker 10: I don't.
Speaker 9: I think they're doing it out of an abundance of caution.
Speaker 9: I think that's totally reasonable. What's going to happen is
Speaker 9: they're going to be monitored very closely. What we know
Speaker 9: about huntavirus in the one strain that spreads from people
Speaker 9: that people usually only spreads when people have symptoms, So
Speaker 9: you could make the case that if they're feeling great,
Speaker 9: they don't have to be in a place like this.
Speaker 9: But again, I think out of caution, they're going to
Speaker 9: watch them very closely. Obviously, if any of them develop symptoms,
Speaker 9: are going to need to get tested and treated. But
Speaker 9: that's going to be the plan.
Speaker 2: I'm surprised how quickly this has gotten into people's minds,
Speaker 2: possibly because you know, we're all still a little scarred
Speaker 2: from COVID. Actually, The New York Times writes about COVID
Speaker 2: PTSD and how this is a lingering legacy. I was
Speaker 2: walking down the street in New York and some woman
Speaker 2: on the phone, young woman, said, you know, I really
Speaker 2: just want to go meet my friends before the hunt
Speaker 2: of virus takes us all. This was yesterday here, But
Speaker 2: it is serious. It sounds like it's unlikely to cause
Speaker 2: a huge up outbreak, at least immediately. But if you
Speaker 2: are getting symptoms, what do those look like and how
Speaker 2: quickly do they progress? What should you be on the
Speaker 2: lookout for.
Speaker 9: Yeah, and I want to just reader it. I think
Speaker 9: the chances that this is kind of how going to
Speaker 9: become a big global outbreak is exceedingly low. It's just
Speaker 9: I don't think it's going to happen. Now, let's talk
Speaker 9: about symptoms. The problem with this virus, like most viruses,
Speaker 9: they all start off about the same way. A fever,
Speaker 9: a headache, you know, just feeling lousy by the way.
Speaker 9: That's like, you know, we all have symptoms like that.
Speaker 9: When we get viral syndromes, it then progresses pretty rapidly.
Speaker 8: There are two forms.
Speaker 9: There's a pulmonary form where you get very severely short
Speaker 9: of breath. It really affects your lungs and you can
Speaker 9: get very sick that way. There's another form where you
Speaker 9: get much more in the abdominal pain affects your vessels
Speaker 9: and you can get very sick and die in that
Speaker 9: other way. So starts off pretty much like most viral syndromes,
Speaker 9: and then it can progress pretty quickly after that.
Speaker 3: Ask about the vaccine for this, So Bloomberg reporting, Maderna
Speaker 3: has done some early stage work on the vaccine for
Speaker 3: hunting viruses in the US. It's working with xin Information
Speaker 3: Centered careed University College of Medicine on a potential immunization.
Speaker 3: What's the status of the development of immunization for this?
Speaker 3: Is that something we should be looking for in your
Speaker 3: estimation here in short order?
Speaker 9: Yeah, So, look, the m RNA platform is awesome and
Speaker 9: obviously we used it during COVID to get vaccines after
Speaker 9: the American people very very rapidly. As you probably know,
Speaker 9: Sector Kennedy is not a fan and Therefore, he has
Speaker 9: really blocked the development of m RNA vaccines here in
Speaker 9: the United States. I think, by the way, completely irrationally.
Speaker 9: There's no logic for that. So now companies like Maderna
Speaker 9: and European companies are working with other countries. In terms
Speaker 9: of the hunt of virus vaccine, it's still pretty early stage.
Speaker 9: Eventually we need to go through kind of large clinical trials.
Speaker 9: There aren't that many people getting infected with this, so
Speaker 9: you're not going to see those trials, So it's not
Speaker 9: anywhere near primetime. But the good news is I don't
Speaker 9: think we need it right now.
Speaker 8: I mean, we should.
Speaker 9: Develop it obviously, if it becomes a bigger outbreak, we
Speaker 9: should study it much more closely. But for most people
Speaker 9: this is not going to be an issue. But we're
Speaker 9: not going to be getting hunt of virus vaccines anytime soon.
Speaker 2: Since we have you, I do want to ask you.
Speaker 2: There's some reporting from the Wall Street Journal that President
Speaker 2: Trump has signed off on a plan to fire the
Speaker 2: FDA commissioner after policy fights about vaping, the abortion pills,
Speaker 2: and others. He was actually asked about it last night.
Speaker 2: We've got some sound for you.
Speaker 4: In the Love I've been reading about it, but I
Speaker 4: know nothing about it.
Speaker 2: So Trump saying, asked what he knows, he says he doesn't.
Speaker 2: You know, he's going to do it. He says he
Speaker 2: does knows nothing about it. What is your take on
Speaker 2: this and the state of play at the FDA right now,
Speaker 2: how well it's functioning and morale inside that agency.
Speaker 9: Yeah, it's a great question. Obviously, I don't know exactly
Speaker 9: what's happening in terms of doctor mcrey's status. There's all
Speaker 9: this confusion. I've been reading the same stuff that everybody
Speaker 9: else has in terms of the FDA. I mean, I
Speaker 9: think what I would say is I actually was a
Speaker 9: pretty big fan of Marty. I have been for a
Speaker 9: long time of him getting nominated. I think he has
Speaker 9: tried to do a good job. I think he's made
Speaker 9: a few some missteps, and it's been complicated because there's
Speaker 9: a lot of political pressure from his boss, the Secretary
Speaker 9: of AHHS, to do certain things that I think a
Speaker 9: typical FDA commissioner would not face from a typical secretary
Speaker 9: of HHS. So I think Marty's had a hard job,
Speaker 9: and you know, and as I said, I think he's
Speaker 9: been he's very qualified to do this how this plays out,
Speaker 9: I don't know, but the FDA is struggling because they've
Speaker 9: lost a ton of staff. They've been doged, and that
Speaker 9: has meant some of their best scientists have left. Marty's
Speaker 9: been managing at pretty difficult agency that's under a lot
Speaker 9: of stress because of some of those moves.
Speaker 3: Stay with us for more on Bloomberg this weekend. Right
Speaker 3: after this well, President Trump is expected to meet with
Speaker 3: President she in Beijing later this week. As I've been
Speaker 3: talking about over the course of the morning, that summit
Speaker 3: i've been postponed because of the war in Iran, and
Speaker 3: you can guess the conflict will be high on the
Speaker 3: agenda when the heads of the world's two largest economies meet.
Speaker 3: We're us going to talk about trade issues, artificial intelligence,
Speaker 3: and fentanyl.
Speaker 2: Our next guest is the ranking member of the House
Speaker 2: Select Committee on the Strategic Competition between the US and China.
Speaker 2: He's Communist Party Congressman Rocana. Joins us this morning from Maplewood, Ohio,
Speaker 2: where he's leading a three day heartland tour visiting farms
Speaker 2: and factories. We want to get to that trip. We
Speaker 2: also want to get to the President's trip to China.
Speaker 2: But first thank you for joining us, And I do
Speaker 2: want to ask you about that testimony on Wednesday with
Speaker 2: Howard Lutnik. You said, regarding his connections to Epstein, he
Speaker 2: made a quote farce of the English language and that
Speaker 2: Trump would fire him if he heard what he said.
Speaker 2: And I wanted to ask you, are you sure about that?
Speaker 2: Are you sure you think the President would fire him
Speaker 2: if he knew what he said?
Speaker 6: I am, because the President would see him sweating and
Speaker 6: mumbling and struggling to answer very basic questions. I mean,
Speaker 6: Howard Lutnik's testimony was that when he told the nation
Speaker 6: that he would never visit Epstein after two thousand and five,
Speaker 6: that what he meant was that he himself would never
Speaker 6: visit Epstein, but it was fine for him, his wife
Speaker 6: and his kid to visit Epstein's island. That just makes
Speaker 6: no sense. Anyone listening to it would know he was
Speaker 6: lying and he was not honest.
Speaker 8: That's the real issue.
Speaker 3: I want to ask about the Epstein Transparency Act. Where
Speaker 3: we are in this process. So a signal moment having
Speaker 3: the Commerce Secretary up on Capitol Hill testifying before the
Speaker 3: Oversight Committee. There was a lot of commentary early on
Speaker 3: that the Justice Department hadn't upheld its obligations to that act,
Speaker 3: have they since? Are you satisfied with what you've gotten
Speaker 3: from the Justice Department? And indeed, where does this investigation,
Speaker 3: in part helmed by the Oversight Committee go from here?
Speaker 6: Well, it's been the largest release of documents over decades,
Speaker 6: three million files released, and they have shown an Epstein
Speaker 6: class that feels like they don't need to live by
Speaker 6: the rules that treats these women as dispensable. But there's
Speaker 6: still three million files that need to be released. And
Speaker 6: the biggest thing that survivors tell me is they want
Speaker 6: to see investigations. Sections there are people who abuse them,
Speaker 6: rape them, or traffic them in these files, and there
Speaker 6: haven't been any investigations or prosecutions. So we need the
Speaker 6: release of the remaining files, and we need investigations and prosecutions.
Speaker 2: I was also wondering, and stick with me here. It
Speaker 2: is a bit of an odd question, but I'm wonder
Speaker 2: if you've been any insight into why Malania Trump, seemingly
Speaker 2: out of nowhere, made that odd and rare public appearance
Speaker 2: in April, denying any connection with Epstein and calling for
Speaker 2: Congress to bring survivors forward to testify. Do you know
Speaker 2: what prompted that?
Speaker 6: I don't, but I actually welcomed it because, unlike her husband,
Speaker 6: who's calling these survivors a hoax, first Lady Trump is
Speaker 6: saying that they deserve to be heard. First Lady Trump
Speaker 6: is saying that there should be investigations and prosecutions. And
Speaker 6: the most important thing she said is Epstein was not alone.
Speaker 6: She knows that there were other men involved in abusing, trafficking,
Speaker 6: raping these young girls. And she is saying there needs
Speaker 6: to be an investigation, needs to be prosecution, and she's
Speaker 6: contradicting her own husband.
Speaker 8: So what I would ask for the first Lady.
Speaker 6: Is to say, call on the Justice Department to release
Speaker 6: the remaining files and call on them begin investigations and prosecutions.
Speaker 3: Car Spakana, as we mentioned, this trip is coming up
Speaker 3: this week, this postponed trip the President's taking to Beijing
Speaker 3: to meet with President She You're the ranking member of
Speaker 3: this committee on China, and I'm curious of how do
Speaker 3: you see the importance of this visit and indeed what
Speaker 3: you hope will come out of it. What is a
Speaker 3: good outcome in your estimation of this trip where the
Speaker 3: leaders of the two largest economies in the world are
Speaker 3: going to meet.
Speaker 6: Well. I've been in Pennsylvania and Ohio and Michigan talking
Speaker 6: to our farmers, talking to our factory workers. Let me
Speaker 6: offer four things we need to do. First, we need
Speaker 6: to get a deal for China to buy more of
Speaker 6: our soybeans.
Speaker 8: The farmers have been hurt.
Speaker 6: They're buying now from Argentina, They're buying from South America.
Speaker 6: They're not buying from our farmers. Second, we need to
Speaker 6: make sure that they're not sending their ships to our
Speaker 6: ports without a fee. We suspended this fee and China's
Speaker 6: using their ships in our ports that are hurting American shipbuilding. Third,
Speaker 6: we need to find some way to lower the cost
Speaker 6: of fertilizer. It's really hurting a lot of our farmers.
Speaker 6: It's hurting a lot of the food prices in the
Speaker 6: United States. That means getting them not to have export
Speaker 6: controls on that, and that means figuring out how we
Speaker 6: open up this strait or foremost. And finally, we need
Speaker 6: to make sure that they are not dumping into the
Speaker 6: United States. They continue to have unfair trade practices and
Speaker 6: we need to clamp down on that.
Speaker 2: Historically, the Chinese have been very adept and very tenacious negotiators,
Speaker 2: especially when it comes to matters of the economy. We've
Speaker 2: been talking this morning about how the Treasury Secretary has
Speaker 2: laid the groundwork and established a relationship with his counterpart
Speaker 2: in Beijing. But I'm wondering if if you think this administration,
Speaker 2: if you think President Trump is ready to go toe
Speaker 2: to toe with the Chinese, if he can get successfully
Speaker 2: the things you were all just talking about out of
Speaker 2: these negotiations.
Speaker 8: Well, he hasn't shown that ability so far.
Speaker 6: Obviously, I'm rooting for him because he's the American president,
Speaker 6: but we've lost eighty thousand manufacturing jobs on his watch.
Speaker 6: We've seen three hundred and sixteen farm bankruptcies on his
Speaker 6: watch compared to two hundred and fifteen the year President
Speaker 6: Biden was in office. We've seen the trade deficit for
Speaker 6: the United States actually increase. We've seen the cost of
Speaker 6: inputs increase because of blanket tariffs. So he has a
Speaker 6: lot that he has to reverse, and we've had China
Speaker 6: hold us hostage on rare arts and critical minerals. I
Speaker 6: want a deal that actually helps American farmers, American shipbuilders,
Speaker 6: American manufacturers, and I hope he will work to get that.
Speaker 8: He hasn't so far.
Speaker 3: Part of that committee's remit design, understand is to look
Speaker 3: at this balance of this level of competition between the
Speaker 3: US and China. And I'm curious how you see that
Speaker 3: dynamic at play right now. So we had just a
Speaker 3: few days ago Iran's foreign minister going to Beijing to
Speaker 3: meet with China's foreign minister. It's clear that China, by
Speaker 3: not getting actively involved in this conflict in the Middle East,
Speaker 3: is position, shall we say, differently from the US right now.
Speaker 3: And perhaps that's something I think advantageous to the Chinese leadership.
Speaker 3: It's not a war that's training resources from them. Sure,
Speaker 3: they'd like to have the energy that's stalled in the
Speaker 3: strait of horror moves. How do you see that competitive dynamic?
Speaker 3: And how worried are you about the degree to which
Speaker 3: the US the administration is paying attention to that binary
Speaker 3: between the US and China.
Speaker 6: Well, I'm concerned that we're draining our resources in a
Speaker 6: war in Iran. We haven't been able to get their
Speaker 6: enriched uranium out. Iran's regime is more hard lined, with
Speaker 6: the IRGC having more control. Iran has more control over
Speaker 6: the strait of hormos. It's cost US billions of dollars,
Speaker 6: and it's increased our food price, and China basically is
Speaker 6: just watching from the sideline. They're not sinking that money
Speaker 6: into the Middle East. They're sinking that money into building
Speaker 6: their ships, into building alternative energy, renewable energy, into building
Speaker 6: their economy. So what I want is for the United
Speaker 6: States to be putting our resources in investing in manufacturing
Speaker 6: here at home, jobs here at home, research and innovation
Speaker 6: here at home, and not getting sucked into the Middle East.
Speaker 6: That's a drain of our resources.
Speaker 2: Chris, What I do want to ask you more arms
Speaker 2: services the question. And there's this report in the Washington
Speaker 2: Post about US intelligence analyzing the data and saying that
Speaker 2: Iran is situated to last at least three or four
Speaker 2: more months of this blockade before really feeling the economic
Speaker 2: pressure when it comes to a war of attrition. If
Speaker 2: you're looking at Iran versus the US versus even China,
Speaker 2: how long they're willing to sit this out. Do you
Speaker 2: think the American public and people, real people who you've
Speaker 2: been talking to in the Midwest are going to give
Speaker 2: the president the benefit of the doubt for this conflict
Speaker 2: for three to four more months, given what it's doing
Speaker 2: to prices of almost everything.
Speaker 6: No, it's because we're spending a billion to two billion.
Speaker 8: Dollars a day. But that's not just the cost.
Speaker 6: I mean, when it has Pete hext what's the cost
Speaker 6: is said, it's a gotcha question. But Pete HEXTT may
Speaker 6: want to go out to Ohio and Michigan and Pennsylvania.
Speaker 6: Because the cost is the increased cost of gas. The
Speaker 6: cost is the increased cost of diesel. The cost is
Speaker 6: the increased cost of fertilizer. All of that means increased
Speaker 6: costs for Americans when it comes to food, when it
Speaker 6: comes to their rent, when it comes to filling up
Speaker 6: their tanks this summer. And that's not a worth in
Speaker 6: Iran that is more hardline and that still has enriched uranium.
Speaker 8: So we haven't.
Speaker 6: Achieved anything, and we've created enormous economic hardship on the
Speaker 6: American people.
Speaker 8: We need to end this war.
Speaker 6: We need negotiation that opens the straight up foremost allows gas,
Speaker 6: allows diesel, allows fertilizer's prices to fall.
Speaker 3: How blind are you other lawmakers flying right now? I
Speaker 3: guess it's no small thing that the defense Secretary did
Speaker 3: make his way to Capitol Hill to answer some questions,
Speaker 3: not all of them, but at least at least some
Speaker 3: of them. You know, I think when we first heard
Speaker 3: about the funny request the administration was making, there was
Speaker 3: some speculation that lawmakers would welcome that as an opportunity
Speaker 3: to kind of use that to get Secretary Hegseth and
Speaker 3: others on the Hill to answer questions about this conflict,
Speaker 3: about the trajectory of this war. How much confidence do
Speaker 3: you have in your understanding of what the administration wants
Speaker 3: to do and where this war is headed.
Speaker 6: The administration doesn't have a clear strategic goal. First they
Speaker 6: said they wanted regime change. Now they acknowledge that the
Speaker 6: regime that's in place is actually more hard line that comminate.
Speaker 6: Then they said they wanted the nuclear energy out and
Speaker 6: for Iran to be denuclear. Now they acknowledge that enriched
Speaker 6: uranium is still buried under Iran soil. Then they said, well,
Speaker 6: they want the straight off hormose to be open. Wellse
Speaker 6: was open before this war, so now we have to
Speaker 6: figure out how we get the strado for moose open.
Speaker 6: There is no strategic goal. The strategic goal right now
Speaker 6: should be the immediate opening of the straighto for Moose,
Speaker 6: the end to these hostilities, not shooting at each other
Speaker 6: so that the price of food and the price of
Speaker 6: gas can drop, and then negotiation with the international community
Speaker 6: to get Iran to commit on getting enriched uranium ount
Speaker 6: and inspections, something Obama had achieved that Trump tore up.
Speaker 2: The President has been very frustrated with European allies who've
Speaker 2: so far been unwilling to engage directly in either helping
Speaker 2: with the blockade or helping American action in the region.
Speaker 2: Part of the repercussions of that, he has now threatened
Speaker 2: to take a significant number of troops out of Germany
Speaker 2: after the Chancellor had some harsh words about Trump and
Speaker 2: saying he was getting played by the Iranians. Are you
Speaker 2: concerned that that will really happen? And at what level
Speaker 2: do you worry it will impact American operational abilities because
Speaker 2: those are big The US relies on them for a
Speaker 2: heck of a lot of stuff in that theater. Why
Speaker 2: is he doing this and are you concerned it's going
Speaker 2: to impact military readiness?
Speaker 6: Well, I'm concerned that he's doing it in a retaliatory way.
Speaker 6: If he wants to look at lessening our footprint on
Speaker 6: our eight hundred bases overseas to reduce cost. That's a
Speaker 6: separate conversation. But he shouldn't be threatening the German Chancellor
Speaker 6: with our troup presidents in Germany because the German Chancellor
Speaker 6: doesn't want to engage in a blockade that isn't being
Speaker 6: effective in the.
Speaker 8: Strait up Hormouse.
Speaker 6: What we need to do is bring all along our
Speaker 6: European allies, like President Obama did to put pressure on
Speaker 6: Iran to have a deal that forces them to submit
Speaker 6: to inspection and give up their enriched uranium. Obviously, the
Speaker 6: military option didn't work. Yes, the military destroyed Iran's navy. Yes,
Speaker 6: it destroyed Iran's air force. That may weaken them regionally,
Speaker 6: but it did nothing in terms of getting them the
Speaker 6: enriched uranium out. And for that we need our European
Speaker 6: allies in napel and diplomacy.
Speaker 3: Let me pivot from the shooting war in the Middle East,
Speaker 3: shooting war in Europe, to the political war here in
Speaker 3: the United States over congressional districts. And as I said,
Speaker 3: you were uniquely positioned. You're an Armed services oversight The
Speaker 3: China Committee You're also from the great state of California,
Speaker 3: which is wrestling with some of these issues having to
Speaker 3: do with congressional districts. I'm curious what your reaction is
Speaker 3: to what we've seen in recent weeks out of Virginia.
Speaker 3: The Virginia Supreme Court ruling that the redrawn districts that
Speaker 3: were passed by voters there does not comport with the
Speaker 3: States Constitution obviously a setback for Democrats. We saw the
Speaker 3: ruling from the Supreme Court on the Voting Rights Act.
Speaker 3: Where do you see this war, that political war heading
Speaker 3: as we see Republicans and Democrats going back and forth
Speaker 3: on the way those congressional districts are drawn.
Speaker 6: Well, the Virginia decision was overruling Virginia voters. Virginia voters
Speaker 6: just voted on maps, and for the Virginia Supreme Court
Speaker 6: to invalidate an election is deeply in high democratic. And
Speaker 6: then for the US Supreme Court to get voting rights
Speaker 6: in the Deep South to not understand that there's racially
Speaker 6: polarized voting in the Deep South is completely out of
Speaker 6: touch and undermining the efforts of the civil rights movement.
Speaker 6: I mean, they're going after Jim Clyburn's district. There was
Speaker 6: not a black member in Congress in South Carolina for
Speaker 6: one hundred years between Reconstruction and Jim Crow Jim Clyburn,
Speaker 6: one that seen in nineteen ninety two. Because they grew
Speaker 6: a black majority district and they're trying to eliminate that.
Speaker 6: They're trying to eliminate the work of the voting rights
Speaker 6: and civil rights moment, eliminating black majority districts in the South.
Speaker 6: It's deeply concerning, and not on a political level, just
Speaker 6: on a level if anyone who cares about civil rights
Speaker 6: and a black representation in America.
Speaker 4: So what are you going to do about this?
Speaker 2: What are Democrats going to do? And at this point,
Speaker 2: is this a map Democrats can reasonably win and hope
Speaker 2: to flip either of these bodies in November.
Speaker 8: We're going to win.
Speaker 6: The House will win despite all of these games. My
Speaker 6: concern is what is this doing in terms of our
Speaker 6: civil rights representation. I would encourage people to watch Jamie
Speaker 6: Harrison's passionate defense of a black majority districts in South
Speaker 6: Carolina and beyond when he spoke at the South Carolina
Speaker 6: Legislative Session. And I do believe that we can convince
Speaker 6: in some of these legislators not to do what they're
Speaker 6: thinking of doing, eliminating black districts. It's not right for
Speaker 6: the country, and it may actually backfire on them creating
Speaker 6: more democratic districts in the process. So as they eliminate
Speaker 6: black districts, they may actually be creating more democratic opportunities.
Speaker 6: So we're going to be fighting in each one of
Speaker 6: these states to make sure that they don't eliminate these districts.
Speaker 3: What do you say to the viewer of Bloomberg Television,
Speaker 3: the listener to Bloomberg Radio who sees the gentleman from Fremont,
Speaker 3: California in Maplewood, Ohio and wonders if this gentleman has
Speaker 3: higher respirations than representing a congressional district in California, and
Speaker 3: if you demur on answering that directly, what does the
Speaker 3: Democratic Party need to know from the places that you've
Speaker 3: been spending the last three days visiting.
Speaker 6: I'm here in my capacity as the top Democrat on
Speaker 6: the China Select Committee, and I'm here with colleagues from Michigan,
Speaker 6: from Pennsylvania, from Ohio. But what I would say is
Speaker 6: the Democratic Party needs to spend more time in places
Speaker 6: in rural America, on farms in factory towns, and then
Speaker 6: to understand that they're upset.
Speaker 8: They're upset with both parties.
Speaker 6: They've seen manufacturing job laws, they've seen the prices increase,
Speaker 6: They've seen wealth pile up in districts like mine in
Speaker 6: Silicon Valley, while the American dream seems farther out of
Speaker 6: reach here, and we need to offer a vision. I
Speaker 6: call it economic patriotism. A new Industrial bank that invests
Speaker 6: in communities, a thousand new trade schools, a new sense
Speaker 6: of tech institutes across America, a trade agenda that actually
Speaker 6: opens up foreign markets for our farmers. So we need
Speaker 6: to offer an economic agenda for the future.
Speaker 2: So you're exploring running for president.
Speaker 6: Well, right now, I'm exploring what the agenda for the
Speaker 6: China Committee and House Democrats should be. But I do
Speaker 6: believe whoever runs to represent our party in our nation
Speaker 6: should have a comprehensive economic agenda for the future.
Speaker 8: I think that's the central issue.
Speaker 6: How are we going to improve the lives of Americans
Speaker 6: in many of these places that were hollowed out after NAFTA,
Speaker 6: hollowed out after China came into the World Trade Organization,
Speaker 6: what is our vision for bringing them back for having
Speaker 6: economic security and economic independence.
Speaker 3: Corson Kinna, thank you very much for being so generous
Speaker 3: with your time again and joining us from Maplewood, Ohio
Speaker 3: this morning on his tour of heartland States. He heads to
Speaker 3: Michigan this afternoon, and very much appreciate the time. And
Speaker 3: you're engaging on all of these important issues, Christina. Again,
Speaker 3: he sits on so many important committees and is in
Speaker 3: such a unique position to talk about so much of
Speaker 3: what we've been discussing over the course of the morning
Speaker 3: in the last few weeks.
Speaker 2: Stay with us for more on Bloomberg this weekend right
Speaker 2: after this.
Speaker 3: From film to television, to music, even food and health
Speaker 3: and beauty, Korean culture is seeing a surge in popularity
Speaker 3: in America and around the world.
Speaker 2: A new CNN series premiering tonight starring Daniel Day Kim,
Speaker 2: captures this k pop phenomenon.
Speaker 4: Here's a preview.
Speaker 7: Where are we going titoo?
Speaker 10: I don't know, but wherever we're going, I want to
Speaker 10: be wearing this hat.
Speaker 5: WHOA.
Speaker 10: I have to say, it's one of the cleanest factories
Speaker 10: I've ever seen in Korea. You're the first person to
Speaker 10: discover this. Can we see? Wow, Hi, guys, it's just.
Speaker 8: A lot of it.
Speaker 3: It is a lot.
Speaker 2: The host and executive producer of Kay Everything and apparently
Speaker 2: snail aficionado, Daniel Dick Kim is with us. Now, thank
Speaker 2: you for being here. For our radio listeners. Please describe
Speaker 2: what we were just seeing on the screen.
Speaker 10: So what you saw or what was What are called
Speaker 10: king snails and they are used to produce for their
Speaker 10: snail musin, which is the trail that they leave behind
Speaker 10: as they walk places, and that musin is now used
Speaker 10: in cosmetic products. And we went to the factory where
Speaker 10: this musin is harvested from these king snails.
Speaker 2: I have to tell you I've used that product. I
Speaker 2: kind of thought it was a synthetic facsimile. I didn't
Speaker 2: realize it was really from.
Speaker 10: No, it's the literal thing. And so I actually had
Speaker 10: the privilege of having the snails on my hand and
Speaker 10: they're crawling around. They're big, I mean, for the for
Speaker 10: the audio listeners like it's they're like a good like
Speaker 10: four inches long, so they're really big. But I will
Speaker 10: tell you that after I took the snail off my
Speaker 10: hand and my hand had dried, it was noticeably softer. Really,
Speaker 10: it really was, and so you know, I'm proof that
Speaker 10: this stuff actually has an effect.
Speaker 3: Tell us about the genesis of the show. Why did
Speaker 3: you decide to go and make it to focus on
Speaker 3: Koreean culture.
Speaker 10: Well, you know, I've been noticing, you know, how prominent
Speaker 10: Korea culture has become over the last ten or fifteen years,
Speaker 10: in like areas like drama, which is something I'm close to.
Speaker 10: I've been watching, you know, movies like Parasite, when the
Speaker 10: Oscar Squid Game becoming netflix most watched TV show, k
Speaker 10: Pop Demon Hunters becoming Netflix's most watched movie. So, you know,
Speaker 10: it was staring me in the face. And then I realized,
Speaker 10: not only is it, you know, drama, but it's food,
Speaker 10: it's beauty, it's music. Of course everyone knows k pop,
Speaker 10: and so I thought it was a perfect time to
Speaker 10: kind of showcase this culture to the world.
Speaker 2: Did you not have enough jobs? You needed to come
Speaker 2: do my job? You're an actor, your producer, Now now
Speaker 2: you're doing our job. I was watching this last night.
Speaker 2: I was like getting aggressively jealous because you've talked to
Speaker 2: so many fun people. Well, one of my favorite segments
Speaker 2: was in the episode we got on k beauty is
Speaker 2: you go to explain it, it's like a when you
Speaker 2: do your resume in Korea, mostly a lot of times
Speaker 2: includes a photo and you who you know, I've known
Speaker 2: you fore hour, so I don't like to give you compliments,
Speaker 2: but you know, other people find you to be a
Speaker 2: very attractive man. The amount of photoshopping they did on
Speaker 2: your face to make it acceptable for a resume is terrifying.
Speaker 2: And this is like a standard thing.
Speaker 10: It is, well, it's no longer required, but for a
Speaker 10: while employers were requiring a photo to go along with
Speaker 10: your resume, and so Koreans, you know, would start to
Speaker 10: stretch the boundaries of what they actually look like. So
Speaker 10: you can go to these photo booth places and you
Speaker 10: can ask for levels of retouching, and one is like
Speaker 10: K pop goddess. And what they do is they'll they'll
Speaker 10: retouch not only your skin, but they'll make your eyes symmetrical,
Speaker 10: they'll change your jawlines subtly. They'll they'll fix a crooked smile,
Speaker 10: whiten your teeth. But it's not it's so drastic that
Speaker 10: it's not you, but they call it the best version
Speaker 10: of you.
Speaker 3: You make this series and I imagine you're wrestling with
Speaker 3: why Korean culture seems to be so resonant globally and
Speaker 3: so resident at this moment. What's your thinking on that.
Speaker 10: It's a good question. You know, Korea came from a
Speaker 10: war torn, poverty stricken nation just a few generations ago
Speaker 10: to one of the most modern civilizations in the world.
Speaker 10: And I think it has something to do with the
Speaker 10: competitive nature and the pride of the Korean people, and
Speaker 10: both those things are positives and negatives. So one of
Speaker 10: the things I did at the end of every interview
Speaker 10: was ask the interview subjects, what are five words you
Speaker 10: would use to describe the Korean society, And every one
Speaker 10: of them said competitive.
Speaker 3: Is that right?
Speaker 5: Yeah?
Speaker 10: And so that competitive nature, that drive actually propels them
Speaker 10: to succeed in areas in such a short compress time,
Speaker 10: and at the same time, it can make it difficult
Speaker 10: at times to live there if you're falling behind or
Speaker 10: perceived to be falling behind.
Speaker 2: So talk us through the other episodes that you did,
Speaker 2: one on K Pop, you did one in K Beauty,
Speaker 2: What are what's the breath of it? And what was
Speaker 2: your favorite one?
Speaker 10: They were all pretty cool, but I have to say,
Speaker 10: like because I'm a stranger in a strange land when
Speaker 10: it comes to k beauty. That was the one that
Speaker 10: I think I had the most fun with. I actually
Speaker 10: went to a very well known dermatologist and soul and
Speaker 10: underwent a procedure where she injected salmon sperm into my
Speaker 10: salmon sperm.
Speaker 2: Sure, how was that?
Speaker 10: It was actually interesting? Like I'd heard horror stories about
Speaker 10: people doing laser treatments and like they do them and
Speaker 10: you can't be seen for weeks because you look like
Speaker 10: a zombie. But Korea's techniques are so advanced that they
Speaker 10: give you the treatments and you can go about your
Speaker 10: business as soon as you're finished. And and they're they're
Speaker 10: relatively painless, and they're quick, and yeah, that's the thing.
Speaker 10: They're super cheap a relative to the United States, and
Speaker 10: so you know, you know, beauty cosmetics tourism is actually
Speaker 10: on the rise there. There's this one region where or
Speaker 10: one part of the city where all the plastic surgery
Speaker 10: clinics are and you walk down the street and sometimes
Speaker 10: you look like you're on the set of Walking Dead
Speaker 10: because everyone's in like bandages as they're walking down the
Speaker 10: street and sitting in cafes it's very surreal.
Speaker 3: You open the door to us talking about the economics
Speaker 3: of all of this. I'd love to get into that
Speaker 3: a little bit as well. Yes, there's the massive cultural
Speaker 3: resonance that we've seen, but this is a huge business.
Speaker 3: Korean culture, the export of Korean culture is a huge
Speaker 3: business worldwide.
Speaker 10: Yeah, it's a huge business, and it's government supported. There
Speaker 10: are initiatives on behalf of the government to introduce Korean
Speaker 10: food to the world. We get into that a little
Speaker 10: bit into the series. And you know, they embraced k
Speaker 10: pop in such a way that they're active ambassadors for Korea,
Speaker 10: you know, and anyone who's a prominent figure and in
Speaker 10: the global spotlight is honored. There is encouraged by the government.
Speaker 10: Not in such a way that it's like like a
Speaker 10: communist country, but it is.
Speaker 1: It is.
Speaker 10: They're celebrated and they take a lot of pride in
Speaker 10: those who succeeded.
Speaker 4: Stay with us for more on Bloomberg this Weekend. Right
Speaker 4: after this, Welcome back.
Speaker 2: To Bloomberg this Weekend or BT wow.
Speaker 4: As I'm constantly.
Speaker 3: Bulliod, We're making progress. I'm Christina David Gara alongside Lisa Mitteo.
Speaker 3: This is the moment in the show, and Lisa shows
Speaker 3: us all that she has surfaced over the course of
Speaker 3: the week stories. Yes, we you may have missed Lisa.
Speaker 4: May have missed it. I did not. Okay, So let's
Speaker 4: get to the first one. This was actually on the Bloomery.
Speaker 4: This is from Bloomberg. So it says travelers spend big
Speaker 4: by using astrology as a vacation planner. Could Well, here's thing.
Speaker 4: Do you guys follow your signs? No, you're not too
Speaker 4: into that, Okay, a lot of people are. No, A
Speaker 4: lot of people are though, apparently, and a growing number
Speaker 4: they're turning to listen to this astro cartology. Okay. So
Speaker 4: this is when they look at the position of the planets,
Speaker 4: the moment of your birth. So they're going to locate
Speaker 4: places in the world that align with achieving your goals. Okay.
Speaker 4: So a lot of people, like people considering a new
Speaker 4: chapter in their lives. They want to move, they're looking
Speaker 4: for love, they're they're doing all these things. They turned
Speaker 4: to these folks for some guidance.
Speaker 3: You didn't do this some No, when you moved to
Speaker 3: New York.
Speaker 4: You didn't design job, although I did.
Speaker 2: I did once sit through a dinner where a woman, unprompted,
Speaker 2: brought a book, asked everyone for their birthday, and read
Speaker 2: for an hour and a half all of our rising
Speaker 2: like that.
Speaker 4: Okay, you can go next over, get your cards, read nothing.
Speaker 2: No, I I do have a tarot deck. I do
Speaker 2: have a tarot deck. I did a piece once on somebody.
Speaker 2: I did a piece once on somebody who had a
Speaker 2: really nice, chill take on it, and they gifted me
Speaker 2: one afterwards, and it was a nice gift. But I
Speaker 2: don't use it regularly.
Speaker 3: We digress people are using this.
Speaker 5: They're actually doing this.
Speaker 4: They are there are because thirty percent of American adults
Speaker 4: say they turn to these horoscopes tarot cards. Like some
Speaker 4: more people are starting to do this. So now they're
Speaker 4: turning to this new service. And even corporations are hiring
Speaker 4: these people to bring them on because corporations, you know,
Speaker 4: they're they're taking on new ventures. So they want to
Speaker 4: see if it's in the right location. It's it's a
Speaker 4: you gotta read it. It's interesting right.
Speaker 2: Out there, right Hannah, We're going to send you a
Speaker 2: directing message where I'm talking about this Pieceana.
Speaker 4: Okay, this next hoe is from the Wall Street Journal. Okay,
Speaker 4: this is about the boy bands. Okay, so the boy
Speaker 4: band heyday may be over, but the man band era
Speaker 4: has just begun. Okay, so the boy bands that kind
Speaker 4: of we love when we were younger, Okay, a lot
Speaker 4: of them are making big money now.
Speaker 3: Because are we talking about the people.
Speaker 4: We're talking about new kids on the box, Backstreet Boys, right, remember,
Speaker 4: boys to Men, new addition, like all of those things. Yes, yes, yes,
Speaker 4: so there are men now in their forties and fifties.
Speaker 6: They are they're not in their.
Speaker 4: Twenties and thirties anymore. But they're making money because the
Speaker 4: women who love them back in the day now are older.
Speaker 4: They have more money to spend, so they're going to Vegas.
Speaker 3: To the shows.
Speaker 4: They're going with girlfriends. They're doing girl trips. My sister
Speaker 4: actually did one.
Speaker 3: Girlfriend.
Speaker 4: I did not go with her and a girlfriend. They
Speaker 4: booked flights, they went out to I forget where it was,
Speaker 4: but they had an excellent time and they's such a
Speaker 4: phenomenal time. But it's they are really really making money
Speaker 4: off of this. Guys. I was the new kids on
Speaker 4: the block. I got to say that was kind of thing. Yeah, yeah, yeah, yeah.
Speaker 4: And I had three younger sisters so it was always
Speaker 4: like who's your favorite, Who is your favorite?
Speaker 2: So you're my neighbor, new kids on the block, bedspread, bedspread.
Speaker 4: Gosh, but it's a thing. It's a girl's thing. VIP
Speaker 4: tickets and everything.
Speaker 3: Now, but if you guys want to go, you let
Speaker 3: me know.
Speaker 5: Before.
Speaker 4: Okay, Okay, this one's from the New York Times. Okay, longevity, Right,
Speaker 4: A lot of people are seeking and this is some
Speaker 4: of the times. It says the longevity secrets helping athletes
Speaker 4: blow past the limits of age. Okay, So we're talking
Speaker 4: about athletes, right, they're extending their careers. Remember we talked
Speaker 4: about the Winter Olympics, right, two athletes over forty right,
Speaker 4: one gold medals. Last season you had three forty plus
Speaker 4: quarterbacks who started NFL games. And then of course there's
Speaker 4: lebron James, right, he's forty one. His son is playing
Speaker 4: next to him for Little Bronni. Yeah, it's Little Bronni.
Speaker 4: So how they do it, It's more like they're not
Speaker 4: just sitting in an ice bath. I mean, this is
Speaker 4: high tech gadgets. A lot of data involved, like all
Speaker 4: these sci fi tech gadgets, and they're doing a lot
Speaker 4: of different things. A mortal chamber. It's one hundred and
Speaker 4: sixty thousand dollars. It's a human charging station. So some
Speaker 4: of these athletes are even buying those so they can
Speaker 4: kind of rejuvenate themselves because they want to extend their
Speaker 4: career at least.
Speaker 2: How much of this is proven because I have friends
Speaker 2: who do a lot of this stuff. Some of it
Speaker 2: there's some research to back up. But is this just
Speaker 2: is it solacebo effects for any I don't know.
Speaker 4: I mean they're saying that it's helping because they're skinning working.
Speaker 6: Yeah.
Speaker 4: The thing is is that the athletes are making more money, right,
Speaker 4: so think about it. They make more money, they have
Speaker 4: more money to spend on a lot of these you know,
Speaker 4: gadgets to kind of prolong their careers.
Speaker 3: So and you know, the career does end early relatively speaking,
Speaker 3: it does, but maybe the rest of your life and
Speaker 3: only so many play by play jobs that are available.
Speaker 4: All right, I haven't this one more from the Washington Post. Okay,
Speaker 4: so this was an interesting to study why sitting all
Speaker 4: day is so bad for you and what to do
Speaker 4: about it. So we're sitting here right now, yes, and
Speaker 4: we you know, we got now and then to stand
Speaker 4: and stretch. The back. Sitting is a new smoking that
Speaker 4: was like the thing remember that? Not really Okay, So
Speaker 4: apparently the wall streams sit back Washington boats. They asked
Speaker 4: the experts and they said, how much is too much sitting?
Speaker 4: So if you sit for eight to ten hours a day,
Speaker 4: that's a little too much. You can get up, you
Speaker 4: know once in a while. It's tied to higher risk
Speaker 4: of cancer, right, type two diabete. This is what the
Speaker 4: study show depression things like that, And the reason why
Speaker 4: is because when you sit right, your muscles are not
Speaker 4: working and it's affecting your metabolism at the same time.
Speaker 4: So that's what they say. Your muscles are very important,
Speaker 4: so you have to remember that when you're just doing that.
Speaker 4: So that's why I have the standing desk.
Speaker 3: Yes, I take your kinesiological council all the time, so
Speaker 3: simon you are it's aggressively.
Speaker 2: They have the happiest and healthiest.
Speaker 8: Member aspire to do what you're doing.
Speaker 3: So you do have a stand up I have.
Speaker 4: The stand up desk, and then my watch actually tells
Speaker 4: me it goes off when I've been sitting for the
Speaker 4: yell at you, yes it does, and that tells me
Speaker 4: it's time to stand. So yeah, yells at me, yells
Speaker 4: at me. That's I just use my dog. He just
Speaker 4: yells at me.
Speaker 8: To get up.
Speaker 9: You got to take the walks.
Speaker 2: See.
Speaker 3: By the way, Bloomberg This Week at least, thank you,
Speaker 3: Thank you very much, thanks.
Speaker 2: For joining us on today's Bloomberg This Weekend podcast. Don't
Speaker 2: forget to tune in live for the show every Saturday
Speaker 2: and Sunday morning, starting at seven am Eastern.
Speaker 3: We're on Bloomberg Television, Radio and the Bloomberg Business App,
Speaker 3: bringing you unique takes and in depth interviews on news, politics, lifestyle,
Speaker 3: and culture.