WEBVTT - Tesla's Cyber Rodeo and China's Lockdowns (Podcast) 0:00:03.360 --> 0:00:06.720 From the heart of where innovation, money and power collive 0:00:07.480 --> 0:00:12.000 in Silicon Valley and beyond. This is Bloomberg Technology with 0:00:12.080 --> 0:00:28.840 Emily Jay. I'm Emily Jack in San Francisco, and this 0:00:28.880 --> 0:00:31.280 is Bloomberg Technology. Coming up in the next hour, an 0:00:31.280 --> 0:00:35.560 alleged attack by Russia on civilians, including children, at a 0:00:35.640 --> 0:00:40.040 train station being used for evacuations. The European Commission promises 0:00:40.040 --> 0:00:47.400 war sanctions and financial aid. We'll have the latest. Let's 0:00:47.440 --> 0:00:53.000 get this party started. We'll also get you the latest 0:00:53.000 --> 0:00:56.880 from Tesla's cyber rodeo in Texas, where Elon Musk inaugurated 0:00:56.920 --> 0:01:01.600 his newest factory. That's next, and the toll of China's 0:01:01.600 --> 0:01:04.679 lockdowns on its population and its economy. We'll talk about 0:01:04.680 --> 0:01:07.280 what it means for China's competitive advantage in tech and 0:01:07.400 --> 0:01:10.720 more later this hour. I want to turn now to 0:01:10.760 --> 0:01:14.080 the war on Ukraine. A horrific attack on civilians that 0:01:14.200 --> 0:01:17.720 left at least fifty people dead, including children. Russian troops 0:01:17.720 --> 0:01:20.640 reportedly bombed a train station that had become a hub 0:01:21.040 --> 0:01:24.280 a critical hub for evacuations. Joining US now, our Washington 0:01:24.280 --> 0:01:28.280 correspondent Emory hoardered and Anemory seems like widespread condemnation here 0:01:28.680 --> 0:01:33.280 from the international community. Yes, certainly, as we've seen these 0:01:33.319 --> 0:01:36.120 horrific scenes. We should note that Russia says this was 0:01:36.720 --> 0:01:39.720 they were not responsible for this, but all fingers are 0:01:39.840 --> 0:01:43.520 pointing to Moscow when it comes to this missile attack 0:01:43.600 --> 0:01:46.400 on a train station. Emily, as you say, this is 0:01:46.440 --> 0:01:50.440 where civilians are using to evacuate from eastern Ukraine, in 0:01:50.440 --> 0:01:54.720 the dawn Bass region specifically because you do have Russia 0:01:54.960 --> 0:01:58.440 changing course and really focusing their troops on eastern and 0:01:58.560 --> 0:02:01.760 southern Ukraine. So a number of capitals around the world 0:02:01.840 --> 0:02:05.520 are drawing condemnation at Russia for for this attack, including 0:02:05.560 --> 0:02:08.040 in Washington. The President United States took to Twitter and 0:02:08.120 --> 0:02:09.799 had this to say. He said, the attack on the 0:02:09.880 --> 0:02:14.520 Ukrainian train station is yet another horrific atrocity committed by Russia, 0:02:14.880 --> 0:02:18.359 striking civilians who are trying to evacuate and reach safety. 0:02:18.600 --> 0:02:20.519 He went on to say, as many leaders have that 0:02:20.560 --> 0:02:24.400 they will continue their security assistance and weapons deliveries. And 0:02:24.440 --> 0:02:27.520 we should also note Ursula vander Lyin of Europe was 0:02:27.560 --> 0:02:30.519 in Kiev herself today and she said Russia should expect 0:02:30.600 --> 0:02:35.480 rolling sanctions. So let's talk about those sanctions. What further sanctions. 0:02:35.520 --> 0:02:37.120 Could we see out of this, I mean, what is 0:02:37.160 --> 0:02:40.840 their left to sanction at this point? It's a great question. 0:02:40.960 --> 0:02:44.280 So we have the European package they finally pretty much 0:02:44.280 --> 0:02:47.280 signed on the dotted line, and the biggest component of 0:02:47.320 --> 0:02:49.880 their fifth package coming from the EU is a ban 0:02:50.080 --> 0:02:54.280 on Russian coal imports. So on one hand, it's not 0:02:54.360 --> 0:02:56.560 a lot of money Ursula vunder Lyon put it about 0:02:56.560 --> 0:03:00.919 four billion dollars, but it does start to target something 0:03:00.960 --> 0:03:04.120 that for many European countries was going to be off limits, 0:03:04.360 --> 0:03:07.440 and that's Russian fossil fuels. Then you have the Polish 0:03:07.440 --> 0:03:12.040 ambassador saying today in Brussels, we already preparing work to 0:03:12.040 --> 0:03:17.040 target Russian oil, Russian natural gas as well as nuclear fuel. 0:03:17.480 --> 0:03:20.920 This Emily is still the lifeblood and the lifeline Putin 0:03:21.000 --> 0:03:23.120 has left in terms of the money he's able to 0:03:23.120 --> 0:03:26.639 get from those sales. Boombrom Economic says about three billion 0:03:26.680 --> 0:03:30.359 dollars this year alone they will make on sales of commodities. 0:03:30.880 --> 0:03:34.120 Now we're also following the aftermath of this cyber attack, 0:03:34.320 --> 0:03:39.520 again reportedly from Russia on Finland as they weigh NATO membership, 0:03:39.560 --> 0:03:42.400 talk to us about the significance of this. So This 0:03:42.520 --> 0:03:45.160 comes at a time when really we're seeing the polling 0:03:45.280 --> 0:03:48.240 shift in days in Finland about whether or not and 0:03:48.280 --> 0:03:50.960 they've always kind of played this keep the door open 0:03:51.000 --> 0:03:53.400 of what if they were to join NATO, And as 0:03:53.440 --> 0:03:56.480 they are discussing this out in the open, especially in 0:03:56.680 --> 0:04:00.760 UH finished media as well as Zelenski, the President of 0:04:00.880 --> 0:04:04.360 Ukraine is addressing UH Finnish lawmakers, do you have this 0:04:04.480 --> 0:04:08.920 cyber attack on a number of their government websites. I 0:04:09.000 --> 0:04:10.920 was literally just talking to it. I was just looking 0:04:10.920 --> 0:04:13.320 at my phone seeing what his final response was a 0:04:13.400 --> 0:04:16.280 Finnish official who said they actually are used to these 0:04:16.320 --> 0:04:19.400 types of cyber attacks and also they are preparing for more, 0:04:19.720 --> 0:04:21.800 and potentially this is something they need to be preparing 0:04:21.839 --> 0:04:25.279 for as they discuss whether or not they should join NATO. 0:04:25.560 --> 0:04:28.719 Russia has made it clear Putin does not want Finland, 0:04:28.720 --> 0:04:32.120 does not want Sweden in the NATO alliance. All right, 0:04:32.120 --> 0:04:35.040 bloombergs Emory Harden, thank you so much for all of 0:04:35.080 --> 0:04:37.919 those updates. I do want to switch heres now and 0:04:37.960 --> 0:04:40.120 get to a story we've been covering all week, and 0:04:40.160 --> 0:04:43.000 that is elon Musk. Thursday night, the Tesla CEO held 0:04:43.080 --> 0:04:45.920 a rodeo event at the opening of his newest factory 0:04:46.120 --> 0:04:51.240 in Austin, Texas. Let us deliver al first Tesla cars 0:04:51.240 --> 0:04:59.880 made in Texas at this opening, which felt more Hollywood 0:04:59.880 --> 0:05:02.960 than Silicon Valley. Must announced the production plans around three 0:05:02.960 --> 0:05:06.880 products that have fallen well behind his original schedule, joining 0:05:06.920 --> 0:05:09.440 us now Bloomberg, Shan O'Kane, who was at the event 0:05:09.760 --> 0:05:13.520 in person and Sean looked like a lot of enthusiasm 0:05:13.600 --> 0:05:16.040 there from the attendees, including I think I saw a 0:05:16.160 --> 0:05:20.719 video of people crying, Yeah, you're right. There is a 0:05:20.760 --> 0:05:23.320 lot of There are a lot of fans and owners there, 0:05:23.400 --> 0:05:26.039 but also a lot of employees who I think, we're 0:05:26.040 --> 0:05:28.120 really happy to see the hard work that they've put 0:05:28.160 --> 0:05:30.400 in over the last couple of years come to fruition 0:05:30.600 --> 0:05:34.080 with these first model wied that were built at this factory, 0:05:34.120 --> 0:05:35.920 and honestly just the factory itself. The fact that they 0:05:35.920 --> 0:05:38.000 were able to get this up so quickly in such 0:05:38.000 --> 0:05:40.440 a short amount of time is really something that we 0:05:40.480 --> 0:05:42.720 don't really see too often here. It's something Tesla did 0:05:42.760 --> 0:05:45.839 in China with its factory there. But so I think 0:05:45.839 --> 0:05:48.799 that was all of those things played into overwhelming some people. 0:05:49.839 --> 0:05:52.640 So does Tesla need this factory to keep up this 0:05:52.720 --> 0:05:57.440 tour and pace. Yes, frankly, I mean they still have 0:05:57.520 --> 0:05:59.240 some room to grow in China, and that's been a 0:05:59.279 --> 0:06:02.360 huge boon to them. The China factory is really the 0:06:02.480 --> 0:06:05.520 main reason why they've been able to grow their valuation 0:06:05.520 --> 0:06:09.080 and grow their uh, their deliveries honestly as much as 0:06:09.080 --> 0:06:11.680 they have over the last two years. But they are 0:06:11.800 --> 0:06:15.480 nearly a capacity at the factory in Fremont, California, which 0:06:15.600 --> 0:06:17.840 Elon Musk has said that they plan to try to 0:06:17.880 --> 0:06:20.640 find a way to expand, although it will be tough 0:06:20.680 --> 0:06:21.880 for them to do that. They don't have a lot 0:06:21.880 --> 0:06:24.680 of land there. Um. One thing they do have here 0:06:24.680 --> 0:06:27.240 in Texas is a lot of land. They bought far 0:06:27.360 --> 0:06:30.240 more land than even this massive factory is taking up 0:06:30.320 --> 0:06:32.160 right now, and so they have a lot of room 0:06:32.200 --> 0:06:35.200 to grow. And even the graphic that he showed last 0:06:35.320 --> 0:06:37.880 night of the factory and their plans for it includes 0:06:38.320 --> 0:06:40.200 i would say probably about a quarter of it for 0:06:40.360 --> 0:06:43.840 future products. So even though they are planning to make 0:06:43.960 --> 0:06:47.720 up to model wise a year at this factory, there's 0:06:47.720 --> 0:06:49.839 going to be a lot more room to produce even 0:06:49.839 --> 0:06:51.880 more here if they can get these new models like 0:06:51.880 --> 0:06:54.440 the Cybertruck and anything else that Elon Musk has a 0:06:54.520 --> 0:06:58.280 sleeve out of the design studio and into production. Elon 0:06:58.360 --> 0:07:00.880 Musk has may have it of throwing these launch parties. 0:07:00.920 --> 0:07:03.279 I've been to some of them at the Fremont Plan. 0:07:03.400 --> 0:07:05.479 But what does he get out of an event like 0:07:05.520 --> 0:07:11.080 this is is this just you know, his version of marketing? Yes, 0:07:12.320 --> 0:07:14.800 simply yes. But there are a couple of different angles 0:07:14.800 --> 0:07:16.840 that I think they play with events like this. One 0:07:16.880 --> 0:07:20.480 of them is simply really just sort of appeasing the 0:07:20.520 --> 0:07:23.400 people here who have been following along and really helped 0:07:23.440 --> 0:07:25.640 facilitate this happening in the first place. There was a 0:07:25.680 --> 0:07:29.520 lot of kudos thrown out to local government officials. Austin's Mayor, 0:07:29.560 --> 0:07:31.520 Steve Adler had been invited, although I don't think he 0:07:31.560 --> 0:07:34.560 attended because he came down with the COVID nineteen over 0:07:34.560 --> 0:07:37.920 the weekend. They were Travis County officials. There um a 0:07:37.920 --> 0:07:41.120 lot of local schools and workforce development groups who are 0:07:41.120 --> 0:07:44.400 helping fill the sort of recruiting pipeline into the factory. 0:07:44.800 --> 0:07:47.760 So it really sort of helps acknowledge all of the 0:07:47.760 --> 0:07:50.280 work that those people have put into it, while also 0:07:50.360 --> 0:07:53.600 setting them up for a good relationship moving forward. Uh, 0:07:53.640 --> 0:07:55.680 and then on top of that, it's really just, you know, 0:07:56.040 --> 0:07:58.280 this is part of what feeds the beast of Tesla. 0:07:58.640 --> 0:08:00.840 You get these sort of quarter the events or maybe 0:08:00.840 --> 0:08:03.240 once or twice a year, and they sort of feedback 0:08:03.240 --> 0:08:06.120 into the excitement. Even though he didn't really say too much, 0:08:06.160 --> 0:08:08.640 that was all that news worthy compared to some of 0:08:08.640 --> 0:08:11.600 the other speeches given in the past. Meantime, a different 0:08:11.680 --> 0:08:14.360 reaction to Elon Musk at a different company, and that 0:08:14.520 --> 0:08:17.880 is Twitter. We're hearing that some Twitter employees not happy 0:08:17.920 --> 0:08:21.840 about Elon Musk joining the board, certainly not crying in 0:08:22.200 --> 0:08:25.880 jubil Asian Um CEO Pagara says he's going to address 0:08:25.880 --> 0:08:29.320 the issue next week, potentially with an a M A 0:08:29.560 --> 0:08:32.720 with Elon Musk himself. What are you hearing about this? 0:08:34.360 --> 0:08:37.240 I mean, it's from what we've understand about the reaction 0:08:37.320 --> 0:08:39.360 that the Twitter employees has had, it's, you know, in 0:08:39.440 --> 0:08:41.840 some ways, it's kind of nice to see because we 0:08:41.880 --> 0:08:44.520 don't see people say no to Elon a lot, at 0:08:44.559 --> 0:08:47.520 least within his orbits. I mean, people obviously have strong 0:08:47.559 --> 0:08:50.440 opinions about him and negative opinions about him, but within 0:08:50.520 --> 0:08:52.960 the companies that he runs and among the sort of 0:08:53.000 --> 0:08:55.760 executive ranks that he operates. We don't see a lot 0:08:55.760 --> 0:08:58.320 of pushback, at least publicly, and so to hear that 0:08:58.760 --> 0:09:01.280 the employees of Twitter, we're sort of standing up a 0:09:01.360 --> 0:09:04.480 little bit and saying, hey, you know, Elon's behavior is 0:09:04.800 --> 0:09:09.240 very sort of public behavior on this platform, and it's 0:09:09.280 --> 0:09:11.319 not really been in line with sort of the values 0:09:11.400 --> 0:09:15.640 that par has been expressing he wants Twitter to carry forward. 0:09:15.720 --> 0:09:18.199 And so they have some concerns about what that means 0:09:18.200 --> 0:09:21.040 and what it means for the platform's future to have 0:09:21.120 --> 0:09:23.240 someone on the board and controlling so much of the 0:09:23.240 --> 0:09:26.760 company who seems to be able to operate outside the 0:09:26.800 --> 0:09:31.200 bounds of what they really want to allow on the platform. Okay, well, 0:09:31.280 --> 0:09:34.360 certainly a lot of unanswered questions. They're Bloomberg, Shaan, Okaine, 0:09:34.480 --> 0:09:44.320 thank you. I'm here in my apartment in Shanghai in 0:09:44.360 --> 0:09:46.640 the last day, suppose the last day of my lockdown, 0:09:46.760 --> 0:09:49.960 but it looks like it's going to be extended. And 0:09:50.080 --> 0:09:53.640 my biggest concern right now is food. Um running short 0:09:53.679 --> 0:09:55.440 of everything, And I want to give you a little 0:09:55.440 --> 0:09:58.920 peekin sign my refrigerator. Mean, it looks so bad, but 0:09:59.360 --> 0:10:00.720 I got I got tell you a lot of stuff 0:10:00.800 --> 0:10:04.360 is pretty old. Um, we've got milk care. The exploration 0:10:04.480 --> 0:10:09.280 data is April one, The Brent's expliration date is March 0:10:09.640 --> 0:10:12.520 thirty IF and today is April six. Thank god, I 0:10:12.520 --> 0:10:14.360 still have a little bit of wine because I think 0:10:14.360 --> 0:10:16.640 I'm going to need it. So the biggest concern right 0:10:16.679 --> 0:10:19.920 now for a lot of people is how to get food. Um. 0:10:20.080 --> 0:10:23.920 For us, um, we have to order online through this 0:10:24.040 --> 0:10:28.360 one grocery app called Dingdo my Chid. Basically in the evening, 0:10:28.720 --> 0:10:31.360 usually after nine pm, you go into the app and 0:10:31.400 --> 0:10:35.080 see what's available. As you can see a lot of food, 0:10:35.240 --> 0:10:38.360 meat and vegetables already gone. The big problem seems to 0:10:38.400 --> 0:10:41.240 be we can't get groceries delivered to our apartment because 0:10:41.280 --> 0:10:45.200 there's a lack of drivers delivering food in general because 0:10:45.240 --> 0:10:49.360 of the lockdown, The number of cases continues to rise 0:10:49.400 --> 0:10:53.080 in Shanghai and Jialing Province. Both areas are struggling with 0:10:53.160 --> 0:10:57.880 the economic and personal ramvoications of the lockdowns, with food shortages, 0:10:57.960 --> 0:11:00.440 a lack of medical care, and shut up main factoring 0:11:00.480 --> 0:11:04.840 plants bringing misery to residents. Chan remains a hotspot for 0:11:04.880 --> 0:11:08.840 the current flair, despite in definitely extending a swooping lockdown 0:11:08.880 --> 0:11:12.080 of its toy. Five million people originally intended to be 0:11:12.080 --> 0:11:14.960 carried out on two parts. The rising number of infections 0:11:15.000 --> 0:11:17.760 led to a continuation of the restrictions in the eastern 0:11:17.760 --> 0:11:20.679 proportion of the city that were initially expected to be 0:11:20.720 --> 0:11:24.680 lifted last week. So one question that I'm getting asked 0:11:24.760 --> 0:11:28.000 is why didn't I, uh why and I stocked up 0:11:28.000 --> 0:11:30.720 on more food? Well, well, first, as you know, we 0:11:30.720 --> 0:11:34.600 were told that my face A lockdown would last from 0:11:34.960 --> 0:11:39.840 Friday through Tuesday, and it's already Wednesday. Didn't know that 0:11:39.880 --> 0:11:42.920 it was gonna be extended. Obviously I could have gotten 0:11:42.920 --> 0:11:45.880 more meat and vegetables, but even before the lockdown it 0:11:45.920 --> 0:11:48.080 was kind of hard to find. You know. I still 0:11:48.080 --> 0:11:52.640 have a lot of instant noodles, spam and the odd carrot, 0:11:54.040 --> 0:11:57.520 the odd carrot, bloombergs allen one there under lockdown, Like 0:11:57.600 --> 0:12:01.400 many across Shanghai and Greater China, they submist hearts government 0:12:01.400 --> 0:12:04.320 measure to contain the country's latest COVID outbreak. It's left 0:12:04.320 --> 0:12:07.360 people struggling to eat, get food, essential supplies, and it's 0:12:07.360 --> 0:12:10.400 putting even more pressure on an already stressed supply chain. 0:12:10.720 --> 0:12:12.560 Let's talk about all of this and more with on 0:12:12.600 --> 0:12:15.319 your man Well, executive director of the Aspen Security Forum. 0:12:15.720 --> 0:12:18.480 On you, that's just one example of the human toll 0:12:18.920 --> 0:12:21.440 this is taking. What's your take on this at scale? 0:12:21.520 --> 0:12:25.600 What this means for China, what this means for its economy? Yeah, 0:12:25.800 --> 0:12:28.880 nice to see you, Emily. It means that China's zero 0:12:29.000 --> 0:12:32.280 COVID policy is coming apart at the seams. You know, 0:12:32.320 --> 0:12:36.040 you saw Q four of one. The growth rate for 0:12:36.120 --> 0:12:39.720 Chinese economy was about four percent. That's not as high 0:12:39.760 --> 0:12:42.760 as they wanted This year. They think they're going to 0:12:42.840 --> 0:12:45.040 grow at five point five percent. But if they keep 0:12:45.080 --> 0:12:49.280 having these extreme lockdowns, and I thought Alan's story was harrowing, 0:12:49.760 --> 0:12:52.480 I don't think you achieved those kinds of growth rates. Now, 0:12:52.520 --> 0:12:55.720 we know lots of American firms who are delivering food 0:12:55.720 --> 0:12:58.320 to their employees for exactly that reason. And of course 0:12:58.360 --> 0:13:03.760 it just hits all of the supply chains again, the lockdowns, 0:13:03.960 --> 0:13:07.440 the road closures, they're affecting factories as well. Tesla and 0:13:07.520 --> 0:13:11.600 Volkswagen for instance, they've suspended work at factories there. Do 0:13:11.679 --> 0:13:14.200 you see this having a long term impact on China's 0:13:14.240 --> 0:13:20.320 ability to attract global businesses global manufacturing. Yeah, maybe not 0:13:20.400 --> 0:13:22.760 in the in the long term, but certainly in the 0:13:22.760 --> 0:13:24.719 medium term. You know, it's very hard to run a 0:13:24.760 --> 0:13:26.760 business in China if every couple of months it's going 0:13:26.800 --> 0:13:29.040 to get shut down again. You talked about the factories. 0:13:29.120 --> 0:13:33.080 You know, Shanghai Disneyland is closed again, Fox, con Union, 0:13:33.160 --> 0:13:37.240 Microns on. All of these suppliers to big American tech 0:13:37.320 --> 0:13:40.160 firms are once again shut down, which makes it really hard. 0:13:40.200 --> 0:13:43.760 And I think it just accelerates the tech decoupling you 0:13:43.840 --> 0:13:47.839 see already with Western firms increasingly saying, well, maybe we 0:13:47.840 --> 0:13:50.880 should look to the rest of Asia, or we should diversify, 0:13:51.000 --> 0:13:53.319 not entirely away from China, but we need to hedge 0:13:53.320 --> 0:13:55.160 our bets a little bit. And I think this is 0:13:55.160 --> 0:13:57.839 going to accelerate that trend. There's already been a lot 0:13:57.840 --> 0:14:01.560 of pressure on Chinese tech companies because of the crackdown 0:14:01.600 --> 0:14:04.800 by the Chinese government on tech companies in particular. We've 0:14:04.800 --> 0:14:08.000 seen the Chinese government perhaps trying to dial some of 0:14:08.040 --> 0:14:10.480 that back, saying they're going to give US regulators more 0:14:10.520 --> 0:14:13.600 information about these companies. But do you see this having 0:14:13.600 --> 0:14:18.760 a more sustained impact on China's tech world and its competitiveness. 0:14:18.800 --> 0:14:21.520 It does. It has a huge impact, but not just 0:14:21.560 --> 0:14:25.040 the lockdowns. It's sort of everything is swinging in the 0:14:25.080 --> 0:14:29.200 direction of decoupling. I mean, you saw these huge crackdowns 0:14:29.240 --> 0:14:32.120 on Chinese tech last year. You and I talked about them, 0:14:32.160 --> 0:14:37.160 you know, um delisting people telling people they can't do 0:14:37.240 --> 0:14:40.920 business in the United States under certain circumstances. And then 0:14:40.920 --> 0:14:43.040 of course it's coming from the U S to You 0:14:43.080 --> 0:14:46.840 mentioned the new SEC rule, which basically says, you know, 0:14:46.880 --> 0:14:49.600 if you're a Chinese company, you've got to follow US 0:14:49.640 --> 0:14:53.520 accounting principles. Uh, they've got three years now to comply. 0:14:53.680 --> 0:14:55.640 But other than that, if you don't comply, we're going 0:14:55.680 --> 0:14:59.200 to delist you. So you just see this trend happening 0:14:59.240 --> 0:15:03.400 in every direct and I think Emily will continue. Now 0:15:03.640 --> 0:15:07.320 we still haven't seen a distinct steer from China and 0:15:07.400 --> 0:15:10.640 its position on Russia, and of course China's under a 0:15:10.640 --> 0:15:13.360 lot of pressure from the international community. What do you 0:15:13.360 --> 0:15:15.520 expect to happen there and how do you expect that 0:15:15.600 --> 0:15:19.520 to influence the US relationship with China and China's relationship 0:15:19.560 --> 0:15:22.200 with the rest of the world. Yeah, it's it's such 0:15:22.240 --> 0:15:25.040 a good question. It's been really interesting to see because 0:15:25.080 --> 0:15:27.720 I think Shijin Ping and his team were surprised by 0:15:27.800 --> 0:15:32.400 how brutal and gruesome Putin's invasion of Ukraine has been, 0:15:32.840 --> 0:15:35.600 and there was vacillating for a week or two. Now 0:15:35.680 --> 0:15:39.000 the politics of China has come out solidly in favor 0:15:39.040 --> 0:15:40.960 of Russia. If you look at what's censored on the 0:15:41.040 --> 0:15:46.400 Chinese Internet, anything pro Ukraine is censored and taken down immediately. 0:15:46.840 --> 0:15:50.640 All of the Russian propaganda gets through. So on the 0:15:50.680 --> 0:15:54.160 political side there with the Russians. On the business side, 0:15:54.360 --> 0:15:58.400 not so much. I mean, so far, we've heard anecdotally 0:15:58.520 --> 0:16:01.640 that all of the big Chinese tech firms are complying 0:16:01.760 --> 0:16:05.440 with Western sanctions on China, as are the big Chinese banks, 0:16:05.880 --> 0:16:08.040 even though their government is saying, hey, you should be 0:16:08.080 --> 0:16:11.080 doing what you can to support the Russians. I mean 0:16:11.080 --> 0:16:15.800 a perfect example is d D, the big taxi service, 0:16:15.800 --> 0:16:18.520 the sort of uber of China, announced right away they 0:16:18.520 --> 0:16:20.920 were closing in Russia, and then after pressure from the 0:16:21.000 --> 0:16:24.480 Chinese government, they started back up their Russian operation. So 0:16:24.480 --> 0:16:28.000 what do you think this means quickly for the longer term? Then, 0:16:28.720 --> 0:16:31.360 you know, is it is it status quo for China's 0:16:31.360 --> 0:16:34.040 relationship with the rest of the world, or could we 0:16:34.120 --> 0:16:37.960 see a shift? Yeah? I think China will stay just 0:16:38.280 --> 0:16:40.640 below the level where they're going to be subject to 0:16:40.680 --> 0:16:44.040 secondary sanctions from the US and Europe, and so they'll 0:16:44.120 --> 0:16:46.360 keep playing this game. They'll probably buy a little bit 0:16:46.440 --> 0:16:50.640 more oil from Russia. They'll try to help their Russian 0:16:50.720 --> 0:16:54.240 friends as much as possible without really running a foul 0:16:54.280 --> 0:16:56.680 with what the rest of the world wants. Because if 0:16:56.720 --> 0:16:59.400 you remember, Emily, this is the year that hijin Pain 0:16:59.520 --> 0:17:02.520 wants to be voted forever leader of China, so he 0:17:02.560 --> 0:17:05.160 needs things to be fairly calm, at least until the fall. 0:17:06.240 --> 0:17:09.879 All right, Anya want Manuel always appreciate your analysis and insights. Here, 0:17:09.880 --> 0:17:22.320 executive director of the Aspen Security Forum, Thank you. Amazon 0:17:22.359 --> 0:17:28.639 employees in Bessemer, Alabama, voting night against forming a union. 0:17:29.040 --> 0:17:32.159 That result is now being challenged. A labor group claims 0:17:32.160 --> 0:17:35.719 Amazon interfered with the election by prohibiting employees from talking 0:17:35.760 --> 0:17:38.520 about the union during work hours or posting about it. 0:17:38.800 --> 0:17:42.760 Joining us now Bloomberg's Spencer soaper Spencer, what exactly is 0:17:42.800 --> 0:17:50.040 this labor union expressing here? Yes, so they they're saying 0:17:50.080 --> 0:17:53.960 that Amazon was inconsistent with its rules, that it it 0:17:54.040 --> 0:17:58.800 allowed anti union employees to discuss you know, their uh 0:17:58.920 --> 0:18:01.600 reasons for not wanting the union in work spaces, and 0:18:01.600 --> 0:18:05.320 that they could display anti union literature, but that similar 0:18:05.720 --> 0:18:08.639 things done by employees or on the pro union side 0:18:09.000 --> 0:18:12.240 were discouraged and prohibited. Um, and that some people were 0:18:12.240 --> 0:18:16.160 even fired, you know, for for being pro union. So 0:18:16.200 --> 0:18:20.080 that's the beef on the union side. Even though Amazon 0:18:20.119 --> 0:18:25.600 appears to have won this, there's still several votes, you know, 0:18:25.640 --> 0:18:28.520 several hundred votes that were disputed that that could be 0:18:28.560 --> 0:18:32.480 counted and could uh potentially tip the tide of the 0:18:32.480 --> 0:18:36.280 election the other way. And so in to preempt that, 0:18:36.320 --> 0:18:39.440 Amazon actually filed its own own objections as well, basically 0:18:39.760 --> 0:18:41.560 saying a lot of similar things as the union, so 0:18:41.680 --> 0:18:43.560 or just in a lot of illegal manoeuvering. Right now, 0:18:44.200 --> 0:18:47.200 this vote was already a do over. I mean, how 0:18:47.280 --> 0:18:51.160 likely is it there could be another do over? Yeah, 0:18:51.160 --> 0:18:54.960 that's a that's a great question. How many How long 0:18:55.040 --> 0:18:58.880 is this gonna go on? Um? So time will tell, 0:18:59.320 --> 0:19:04.640 especially uh if those challenge ballots um make a difference, 0:19:04.720 --> 0:19:08.320 because that first vote was quite decisive, I mean, the 0:19:08.320 --> 0:19:13.480 the union lost handily. Um. But the National Labor Relations 0:19:13.480 --> 0:19:16.640 Board said, look, Amazon, you played dirty pool. We gotta 0:19:16.680 --> 0:19:20.520 do it over and now the gap is narrowed significantly. 0:19:20.600 --> 0:19:23.000 So okay, I think the first thing, wat hang on 0:19:23.440 --> 0:19:26.560 contested ballots, change things, Spencer. We're just getting a headline 0:19:26.560 --> 0:19:29.240 that Amazon has challenged the union win in the New 0:19:29.320 --> 0:19:32.200 York election. Remember the result was reversed and that's election 0:19:32.280 --> 0:19:35.040 that happened the very same day in New York. Now Amazon, 0:19:35.160 --> 0:19:39.400 Amazon is challenging that quickly. What does that mean? Yeah, 0:19:39.440 --> 0:19:41.320 I mean it was expected. Um, there's gonna be a 0:19:41.359 --> 0:19:44.680 lot of legal maneuverings and things are moving very fast 0:19:44.760 --> 0:19:47.760 right now. But Amazon is basically trying to argue that 0:19:48.040 --> 0:19:51.000 the turnout was very small in in that election, and 0:19:51.040 --> 0:19:53.480 that a majority of workers did not vote for the union. 0:19:53.880 --> 0:19:56.240 That really you had a small, a small voter turnout, 0:19:56.240 --> 0:19:59.040 And they're alleging that the National Labor Relations Board actually 0:19:59.119 --> 0:20:01.280 tarnished this proces tess by getting a little bit too 0:20:01.560 --> 0:20:04.119 deeply involved and workers may have felt like the like 0:20:04.160 --> 0:20:07.800 the government was actually advocating for the union. Wow. So 0:20:07.920 --> 0:20:10.919 now we're looking at both folks being challenged, but for 0:20:11.000 --> 0:20:15.080 different reasons. Bloomberg Spencer, soaper who covers Amazon for a Spencer, 0:20:15.080 --> 0:20:16.840 I'm sure you will keep us up to date. Thank you, 0:20:26.160 --> 0:20:38.119 scared dragon God said, actually, Juan, there, it is the 0:20:38.200 --> 0:20:41.840 SpaceX Falcon nine rocket taking off at eleven seventeen a m. 0:20:41.880 --> 0:20:44.760 Eastern Time from the Kennedy Space Center in Florida in 0:20:44.800 --> 0:20:48.320 its first private mission to the International Space Station. Let's 0:20:48.359 --> 0:20:50.720 bring in our own ed Ludlow now who attended the launch, 0:20:51.040 --> 0:20:53.879 to talk about just how big a milestone this is 0:20:53.960 --> 0:20:56.480 in the private space race, and bring us the details 0:20:56.520 --> 0:21:00.560 from the ground. How's the crew right, you know, it 0:21:00.640 --> 0:21:04.240 was just another flawless execution by SpaceX, the cruel. Well, 0:21:04.640 --> 0:21:07.760 after about two hours aboard the capsule in that orbit 0:21:08.119 --> 0:21:09.960 or the orbits were path they took off their space 0:21:09.960 --> 0:21:12.600 suits them and they had their first space meal. But 0:21:12.640 --> 0:21:15.000 as you know, it's a twenty hour trip from here 0:21:15.000 --> 0:21:17.160 in the KPE up to the International Space Station. They're 0:21:17.240 --> 0:21:19.840 due to dock at around nine thirty a m. Eastern 0:21:19.880 --> 0:21:23.159 time on Saturday. And everything went as planned, you know, 0:21:23.200 --> 0:21:24.840 as you know, I sat here in the thunder and 0:21:24.960 --> 0:21:28.600 lightning on Thursday night, but the weather really clear cleared up, 0:21:28.680 --> 0:21:32.480 some high pressure brought coal dry air into the equation 0:21:32.920 --> 0:21:35.080 and space X were able to lift off on schedule 0:21:35.119 --> 0:21:39.280 the Friday morning. So let's talk about what's going to 0:21:39.400 --> 0:21:41.440 happen on the I S S. So they're gonna meet 0:21:41.480 --> 0:21:46.120 Russian astronauts. Yeah, yeah, I mean this has been the question, right. 0:21:46.160 --> 0:21:48.680 The backdrop is the tensions between the United States and 0:21:48.720 --> 0:21:51.160 Russia because of the war in Ukraine, and there are 0:21:51.280 --> 0:21:53.959 three Russian cosmonauts aboard. I spoke to a number of 0:21:54.280 --> 0:21:56.359 NASRA fish who who officially have told me that if 0:21:56.400 --> 0:21:59.360 the Russians invited the private astronauts for dinner, they could 0:21:59.400 --> 0:22:01.040 go across the that side of the I S S 0:22:01.040 --> 0:22:03.520 and have dinner. But there's bigger issues here. Here's what 0:22:03.560 --> 0:22:08.639 Bill Nelson, administrator of NASA, had to say. Even with 0:22:09.040 --> 0:22:15.840 the terrible things that Vladimir Putin is putting on the 0:22:16.000 --> 0:22:22.919 Ukrainian people, I expect the professional relationship between astronauts and 0:22:23.000 --> 0:22:30.200 cosmonauts to continue. The point that Bill Nelson made there 0:22:30.400 --> 0:22:32.879 is the same that CAFFE leaders made on Thursday, that 0:22:33.119 --> 0:22:36.080 whatever is happening down here on Earth, in space, there's 0:22:36.200 --> 0:22:40.399 peace and there is a professional relationship between NASA and 0:22:40.560 --> 0:22:44.439 Russia's space agency ros Cosmos. And frankly, none of the 0:22:44.440 --> 0:22:46.720 officials I spoke to thought that that was going to 0:22:46.840 --> 0:22:50.320 change in the nearter So give us the bigger picture here, 0:22:50.400 --> 0:22:54.639 and ed axiom isn't just about sending rich people to space, 0:22:54.720 --> 0:22:56.800 though they did confirm with US yesterday and they sink 0:22:56.840 --> 0:23:03.440 at past million dollars. What are a bigger ambition to Yeah, 0:23:03.480 --> 0:23:05.840 your spawn m you know, part of this Axiom plan 0:23:06.480 --> 0:23:10.600 is to send their own private International Space Station module up. 0:23:12.359 --> 0:23:16.800