1 00:00:00,760 --> 00:00:03,960 Speaker 1: This is the Bloomberg Business of Sports show. We explore 2 00:00:04,000 --> 00:00:06,400 Speaker 1: the big money issues in the world of sports. Michael, 3 00:00:06,840 --> 00:00:09,760 Speaker 1: I'm Scarlett Foo and I'm Mike Lynch. Lots of topics 4 00:00:09,800 --> 00:00:12,680 Speaker 1: to talk about, and let's start with the MLB the 5 00:00:12,880 --> 00:00:16,880 Speaker 1: rule updates. I'm gonna I want you to hear this noise. 6 00:00:18,040 --> 00:00:21,560 Speaker 1: I'm slamming a piece of paper down because I bragged 7 00:00:21,720 --> 00:00:26,000 Speaker 1: that the ghost Runner was not coming back, and I'll 8 00:00:26,040 --> 00:00:29,040 Speaker 1: be dog on. They decide, you knew that we need 9 00:00:29,040 --> 00:00:31,120 Speaker 1: to bring the ghost Runner back. I can't stand there. 10 00:00:31,160 --> 00:00:35,640 Speaker 1: They're going to start them from second only an extra things. 11 00:00:36,720 --> 00:00:41,400 Speaker 1: I hate that rule. It changes the whole Okay, I'm sorry, 12 00:00:41,440 --> 00:00:43,360 Speaker 1: scar Will you go ahead and say what you're going 13 00:00:43,440 --> 00:00:45,839 Speaker 1: to say. I mean, by this point the game is 14 00:00:45,880 --> 00:00:48,159 Speaker 1: what three and a half hours, almost four hours. I'm 15 00:00:48,159 --> 00:00:51,040 Speaker 1: in favor of it because then you could just, you know, 16 00:00:51,120 --> 00:00:54,000 Speaker 1: hopefully someone hits a single, strokes the single the center 17 00:00:54,040 --> 00:00:56,920 Speaker 1: field and that runner comes home. Well, I stand united 18 00:00:56,960 --> 00:01:01,840 Speaker 1: with my brother Michael bar We are comrades, and I 19 00:01:01,960 --> 00:01:08,400 Speaker 1: absolutely positively deplore this. It's a gimmick. It's a gimmick now, 20 00:01:09,920 --> 00:01:12,280 Speaker 1: but but this is like you know, when you're when 21 00:01:12,280 --> 00:01:14,760 Speaker 1: you're playing on the playground and you know the streetlights 22 00:01:14,760 --> 00:01:16,440 Speaker 1: are coming on and you gotta get home for dinner. 23 00:01:16,520 --> 00:01:18,119 Speaker 1: But you want to like finish the game. Said, Okay, 24 00:01:18,200 --> 00:01:19,600 Speaker 1: let's put a guy in second base so at least 25 00:01:19,600 --> 00:01:21,839 Speaker 1: we'll have a winner. And when when we come back tomorrow. 26 00:01:21,920 --> 00:01:24,560 Speaker 1: This is absolutely horrible. It's like every team gets a 27 00:01:24,640 --> 00:01:27,440 Speaker 1: lead off double, uh and put a guy on second base. 28 00:01:27,480 --> 00:01:29,120 Speaker 1: I don't like it. Any confunt the guy over the 29 00:01:29,160 --> 00:01:31,640 Speaker 1: third and hit her sacrifice flying, the game's over. I 30 00:01:31,680 --> 00:01:33,560 Speaker 1: don't like it. It's not baseball. If you're gonna do 31 00:01:33,600 --> 00:01:35,120 Speaker 1: it in the tenth inning, why don't you do it 32 00:01:35,120 --> 00:01:38,000 Speaker 1: in every single inning? Well, listen, I agree with you. 33 00:01:38,040 --> 00:01:41,679 Speaker 1: I mean, if it changes the pictures. Psyche on what 34 00:01:41,720 --> 00:01:45,160 Speaker 1: he's got to do in extra innings. Instead of stopping 35 00:01:45,160 --> 00:01:47,960 Speaker 1: a guy going to all four bases, he's got to 36 00:01:48,000 --> 00:01:51,360 Speaker 1: stop him now from going to two bases. But in 37 00:01:51,400 --> 00:01:54,160 Speaker 1: the in the agreement, when they set this up in 38 00:01:54,200 --> 00:01:56,840 Speaker 1: the MLB, when they hashed all this out, this was 39 00:01:56,880 --> 00:02:00,520 Speaker 1: supposed to be gone. The stories were even said, hey, 40 00:02:00,600 --> 00:02:03,320 Speaker 1: you know, starting this season, we're not gonna have the 41 00:02:03,320 --> 00:02:06,640 Speaker 1: ghost runner. Well here comes Casper back. You know, making 42 00:02:06,880 --> 00:02:10,960 Speaker 1: a great appearance. I'd like the idea that overtime or 43 00:02:11,000 --> 00:02:13,440 Speaker 1: extra innings is a little bit different than the normal game. 44 00:02:13,480 --> 00:02:16,080 Speaker 1: In hockey, and overtime you have three on three. I 45 00:02:16,120 --> 00:02:18,400 Speaker 1: like that. I think it's interesting. It changes the pace. 46 00:02:18,639 --> 00:02:21,360 Speaker 1: I think this changes the pace. God knows that baseball 47 00:02:21,400 --> 00:02:24,119 Speaker 1: needs a change of pace. And that's another thing about hockey. 48 00:02:24,200 --> 00:02:28,400 Speaker 1: You know, you had the the overtime rule and you 49 00:02:28,480 --> 00:02:31,400 Speaker 1: played the period, and if you didn't get it done, 50 00:02:32,120 --> 00:02:35,120 Speaker 1: that's I hate the shootout because what they've done with 51 00:02:35,160 --> 00:02:38,919 Speaker 1: that is that they took away the most exciting part 52 00:02:39,080 --> 00:02:41,880 Speaker 1: of hockey. Back in the day, when you had the 53 00:02:42,000 --> 00:02:45,359 Speaker 1: goalie and you had the player off of a penalty, 54 00:02:45,600 --> 00:02:49,639 Speaker 1: that was great stuff. Now they cheapen the whole. I'm 55 00:02:49,760 --> 00:02:51,560 Speaker 1: so the shootouts only at the end of the game. 56 00:02:51,560 --> 00:02:53,959 Speaker 1: That the penalty shot can still happen in the middle 57 00:02:54,000 --> 00:02:55,960 Speaker 1: of the game, and when that happens, it's very exciting. 58 00:02:56,080 --> 00:02:59,839 Speaker 1: But leave it in the see now sound I'm down. 59 00:02:59,840 --> 00:03:03,080 Speaker 1: My will come. He's so outraged. The papers are flying 60 00:03:03,080 --> 00:03:06,560 Speaker 1: all over the place. I'm out right here. I'm opening 61 00:03:06,560 --> 00:03:08,120 Speaker 1: out my window pretty soon and I'm going to just 62 00:03:08,120 --> 00:03:09,840 Speaker 1: stick on mad as hell, and I'm not gonna take 63 00:03:09,840 --> 00:03:13,160 Speaker 1: it anymore that close right now, I'm that close. I 64 00:03:13,200 --> 00:03:16,000 Speaker 1: think there should be more changes. There should be a 65 00:03:16,040 --> 00:03:17,640 Speaker 1: lot of changes, Scarlett, and I think we're all in 66 00:03:17,639 --> 00:03:20,200 Speaker 1: agreement with you. There should be no visits to the mound. 67 00:03:20,240 --> 00:03:23,919 Speaker 1: That should be a pitch clock. Um that they should be. Uh. 68 00:03:24,040 --> 00:03:26,920 Speaker 1: The designated hitter now is uniform and both leaks. Thank goodness. 69 00:03:26,960 --> 00:03:28,720 Speaker 1: This rule, by the way, the ghost runner is only 70 00:03:28,720 --> 00:03:32,560 Speaker 1: in effect this year. It's not Why would they keep 71 00:03:32,560 --> 00:03:35,200 Speaker 1: it just for this year? That's I think maybe because 72 00:03:35,240 --> 00:03:38,880 Speaker 1: they think they want to satisfy fans like you, Scarlett. 73 00:03:38,920 --> 00:03:40,680 Speaker 1: Let's get this game. Let's get this game over with, 74 00:03:41,400 --> 00:03:43,520 Speaker 1: you know, let's we've been here for three and a half. 75 00:03:43,920 --> 00:03:46,880 Speaker 1: We need a season where the average game time is 76 00:03:46,960 --> 00:03:49,480 Speaker 1: much shorter to show everyone that we we did something. 77 00:03:49,760 --> 00:03:52,440 Speaker 1: And then the players who got exhausted during the lockout, 78 00:03:52,480 --> 00:03:53,920 Speaker 1: they only have three and a half weeks to train, 79 00:03:54,000 --> 00:03:55,680 Speaker 1: so now they need games that they they can't have 80 00:03:55,720 --> 00:03:59,680 Speaker 1: games going four and five. You brought up dh. Let's 81 00:03:59,680 --> 00:04:01,720 Speaker 1: talk abut the Otani rule. This is a new rule 82 00:04:01,760 --> 00:04:04,160 Speaker 1: that's come up for Shohi Otani, who is a pitcher, 83 00:04:04,280 --> 00:04:07,560 Speaker 1: of course, but also, um, it's a good hitter. He 84 00:04:07,600 --> 00:04:11,320 Speaker 1: has a two sixty four batting average, which is highly unusual, 85 00:04:11,520 --> 00:04:14,200 Speaker 1: and they want to be able to keep him in 86 00:04:14,360 --> 00:04:18,240 Speaker 1: the lineup to hit even when he is no longer 87 00:04:18,360 --> 00:04:21,320 Speaker 1: the starting pitcher. So they made a rule for him. 88 00:04:21,560 --> 00:04:26,000 Speaker 1: Remember when bar Tolo Cologne, it was that bat he 89 00:04:26,200 --> 00:04:29,080 Speaker 1: for the Yankees, and I mean, and the teammates are 90 00:04:29,080 --> 00:04:32,680 Speaker 1: doesn't laughing in the dugout man. It's like because you 91 00:04:32,680 --> 00:04:34,800 Speaker 1: don't see that, you know, back in the day in 92 00:04:34,800 --> 00:04:36,880 Speaker 1: in the a L. You didn't see that. And then 93 00:04:37,080 --> 00:04:40,880 Speaker 1: here's bart Tolo, here's your big sexy man is up 94 00:04:40,920 --> 00:04:43,159 Speaker 1: there and he's taking a taking the hits. It was 95 00:04:43,200 --> 00:04:46,160 Speaker 1: something to see. And now I want to see what's 96 00:04:46,200 --> 00:04:48,760 Speaker 1: gonna happen now with the d H in the n L. 97 00:04:48,880 --> 00:04:50,800 Speaker 1: That's gonna be a lot of fun. Well, I do 98 00:04:50,880 --> 00:04:52,760 Speaker 1: love this rule. I mean, he hit forty six home 99 00:04:52,839 --> 00:04:57,920 Speaker 1: runs last year nothing, it's pretty GOODA drove in a 100 00:04:57,960 --> 00:05:00,839 Speaker 1: hundred runs as well. And U but I think this 101 00:05:00,960 --> 00:05:04,279 Speaker 1: is a great rule because uh, he gets it, gets 102 00:05:04,279 --> 00:05:07,479 Speaker 1: a star to stay in the baseball game. It's a 103 00:05:07,480 --> 00:05:09,599 Speaker 1: great rule. But we haven't had this, has seen anybody 104 00:05:09,640 --> 00:05:11,200 Speaker 1: like this since Babe Ruth. We have to go back 105 00:05:11,200 --> 00:05:13,719 Speaker 1: over a hundred years to see somebody that was a 106 00:05:13,800 --> 00:05:16,440 Speaker 1: great picture and also was a great hitter. Uh. He 107 00:05:16,520 --> 00:05:18,640 Speaker 1: certainly was the big attraction when the All Star Game 108 00:05:18,720 --> 00:05:21,240 Speaker 1: ruled around last summer. UM. A lot of people don't 109 00:05:21,240 --> 00:05:23,240 Speaker 1: get to see Angels games because they're on the West Coast. 110 00:05:23,279 --> 00:05:25,600 Speaker 1: They don't play on national television a lot, unless there 111 00:05:25,600 --> 00:05:27,760 Speaker 1: may be playing in on the East Coast against the 112 00:05:27,800 --> 00:05:30,719 Speaker 1: Yankees or the Red Sox or the Phillies. And I 113 00:05:30,760 --> 00:05:33,200 Speaker 1: think it's a great rule. Uh. And this is this, 114 00:05:33,200 --> 00:05:35,360 Speaker 1: this is a positive rule. Forget about the ghost runner. 115 00:05:35,400 --> 00:05:37,640 Speaker 1: The Sotani rule is perfect. I love it. I love it. 116 00:05:37,680 --> 00:05:39,760 Speaker 1: I love it. Let's keep it in forever and ever 117 00:05:39,880 --> 00:05:45,640 Speaker 1: and ever. I like that. Let's move Let's move on. Now. 118 00:05:45,760 --> 00:05:52,440 Speaker 1: Top ranked tennis player Ash Party, she's retiring at age uh. 119 00:05:52,480 --> 00:05:55,400 Speaker 1: She is the number one ranked women's tennis player in 120 00:05:55,400 --> 00:05:57,960 Speaker 1: the world. She announced the retirement from the sport in 121 00:05:58,000 --> 00:06:02,560 Speaker 1: an Instagram video. She says she's grateful for the opportunities 122 00:06:02,640 --> 00:06:05,360 Speaker 1: the sport has given her, but she's ready to chase 123 00:06:05,400 --> 00:06:09,360 Speaker 1: other dreams. Party won three Glands Grand Slam titles and 124 00:06:09,480 --> 00:06:14,359 Speaker 1: leaves the game at age five. I'm so grateful to 125 00:06:14,480 --> 00:06:17,279 Speaker 1: everything that tennis has given me. It's given me all 126 00:06:17,320 --> 00:06:20,800 Speaker 1: of my dreams plus more. But I know that the 127 00:06:20,839 --> 00:06:23,240 Speaker 1: time is right now for me to step away and 128 00:06:23,920 --> 00:06:28,000 Speaker 1: chase other dreams, um and yeah, and to to put 129 00:06:28,040 --> 00:06:30,760 Speaker 1: the rackets down. Well, I guess if you want almost 130 00:06:30,760 --> 00:06:34,880 Speaker 1: twenty four million dollars in your career, I guess, yeah, 131 00:06:35,120 --> 00:06:37,400 Speaker 1: scar I guess you can put the racket down and 132 00:06:37,440 --> 00:06:41,520 Speaker 1: move on. The great resignation now extends to professional sports 133 00:06:41,520 --> 00:06:45,400 Speaker 1: like tennis. I think it's so interesting that tennis players 134 00:06:46,640 --> 00:06:49,200 Speaker 1: often don't seem to like their sport. And I know 135 00:06:49,240 --> 00:06:53,040 Speaker 1: I'm generalizing here, but it's different than other sports. You 136 00:06:53,320 --> 00:06:56,200 Speaker 1: have a lot of high profile players who don't seem 137 00:06:56,240 --> 00:07:00,320 Speaker 1: to like doing it, whether it's Andre Agassi, who wrote 138 00:07:00,320 --> 00:07:04,120 Speaker 1: an entire book on it, or um now Bartie Right 139 00:07:04,279 --> 00:07:06,280 Speaker 1: retiring at age twenty five. She didn't say she doesn't 140 00:07:06,320 --> 00:07:09,320 Speaker 1: like it, but there's something about it that's very isolating 141 00:07:09,600 --> 00:07:14,000 Speaker 1: and lonely and takes away the joy. I think you 142 00:07:14,040 --> 00:07:16,320 Speaker 1: hit the nail on the head right there, Scarlett. Lonely 143 00:07:16,480 --> 00:07:18,680 Speaker 1: and that's a big part of it. We all know 144 00:07:19,080 --> 00:07:21,240 Speaker 1: people in our towns. I had a sister who was 145 00:07:21,280 --> 00:07:23,000 Speaker 1: a great tennis player. And when she was young, she 146 00:07:23,080 --> 00:07:25,720 Speaker 1: was going in every single tournament, every single week. She 147 00:07:25,760 --> 00:07:28,600 Speaker 1: couldn't play on the high school soccer team because they 148 00:07:28,680 --> 00:07:32,360 Speaker 1: played uh when she was supposed to be playing tennis. 149 00:07:32,400 --> 00:07:35,400 Speaker 1: And for some people it just burns them out and 150 00:07:35,440 --> 00:07:37,440 Speaker 1: they lose their love for the game. It's when when 151 00:07:37,480 --> 00:07:39,280 Speaker 1: you're in a team, you're traveling on a bus or 152 00:07:39,280 --> 00:07:40,840 Speaker 1: in a van with a bunch of people, you joke 153 00:07:40,920 --> 00:07:43,040 Speaker 1: and you laugh and it's kind of fun. And then 154 00:07:43,120 --> 00:07:45,080 Speaker 1: you know you have team dinners and you have you 155 00:07:45,400 --> 00:07:48,560 Speaker 1: do everything together as a team part of something bigger 156 00:07:48,800 --> 00:07:50,600 Speaker 1: you are. And this is you know, who are you 157 00:07:50,640 --> 00:07:52,720 Speaker 1: playing for? Who's rooting for your mother and your father 158 00:07:52,760 --> 00:07:54,760 Speaker 1: and maybe a couple of a relatives in the stands 159 00:07:55,240 --> 00:07:57,000 Speaker 1: and as you go around the country, and what are 160 00:07:57,000 --> 00:07:59,960 Speaker 1: you playing for? A college scholarship and maybe a chance 161 00:08:00,000 --> 00:08:02,440 Speaker 1: has to be a professional player. I mean she's hit 162 00:08:02,480 --> 00:08:04,840 Speaker 1: the wall at age five. I mean some people hit 163 00:08:04,880 --> 00:08:07,600 Speaker 1: it a little bit later. But I took my capital, 164 00:08:07,720 --> 00:08:10,560 Speaker 1: she says, she has, she has completely spent. She has 165 00:08:10,680 --> 00:08:13,240 Speaker 1: nothing more to give to the game, mentally or physically. 166 00:08:13,800 --> 00:08:16,200 Speaker 1: And she says, I gave everything and I'm done. And 167 00:08:16,240 --> 00:08:19,000 Speaker 1: so now she's going to open up a new chapter 168 00:08:19,040 --> 00:08:21,520 Speaker 1: in her life and who knows. It could be broadcasting, 169 00:08:21,560 --> 00:08:24,120 Speaker 1: it could be a tennis ware design, it could be 170 00:08:24,560 --> 00:08:27,320 Speaker 1: an instructor, a professional, it could be a commissioner. Who 171 00:08:27,320 --> 00:08:28,960 Speaker 1: knows she has her whole life and run for her. 172 00:08:28,960 --> 00:08:30,960 Speaker 1: I mean, she's twenty five years old. This is this 173 00:08:31,040 --> 00:08:32,880 Speaker 1: was just you know, at the beginning of her career. 174 00:08:33,080 --> 00:08:34,920 Speaker 1: Remember she took two a year and a half off 175 00:08:34,920 --> 00:08:38,240 Speaker 1: to play cricket professionally. And she also tried golf one time. 176 00:08:38,280 --> 00:08:40,280 Speaker 1: The first time she played, she saw her seventy nine, 177 00:08:40,760 --> 00:08:43,839 Speaker 1: So she's got some talent. Golf is similar though, to 178 00:08:44,000 --> 00:08:45,760 Speaker 1: do this and that. It's it's one on one, right, 179 00:08:45,800 --> 00:08:48,240 Speaker 1: it's an individual. It's incredibly lonely, although you do have 180 00:08:48,280 --> 00:08:51,520 Speaker 1: a caddy by your side. Yeah, but just like it's 181 00:08:51,559 --> 00:08:53,439 Speaker 1: differently you're playing one on one across the net, and 182 00:08:53,480 --> 00:08:55,800 Speaker 1: it's such a mental game. You know, you're up and down. 183 00:08:55,880 --> 00:08:58,840 Speaker 1: The rise and fall of emotions is so swift and 184 00:08:58,880 --> 00:09:01,840 Speaker 1: tennis as opposed anything else. I mean, you know, even 185 00:09:01,840 --> 00:09:04,680 Speaker 1: if you're playing golf, you're it's more relaxed. It's just 186 00:09:04,920 --> 00:09:07,360 Speaker 1: not as tense as you well when you're playing tennis. Yeah, 187 00:09:07,360 --> 00:09:09,600 Speaker 1: you know what I'm saying that ghost players in tennis? 188 00:09:09,640 --> 00:09:14,560 Speaker 1: Do you know you don't? Uh, this is not gonna die. 189 00:09:15,559 --> 00:09:19,400 Speaker 1: FIFA has added Crypto dot Com as a sponsor for 190 00:09:19,440 --> 00:09:23,800 Speaker 1: the World Cup. Uh. This comes months after Crypto dot 191 00:09:23,840 --> 00:09:27,440 Speaker 1: Com said it would replace Staples as the title sponsor 192 00:09:27,880 --> 00:09:32,160 Speaker 1: at Lakers Arena. Uh. And this is all part of it. Meantime, 193 00:09:32,240 --> 00:09:36,840 Speaker 1: the NFL is allowing teams to look for blockchain sponsorships. 194 00:09:36,880 --> 00:09:40,960 Speaker 1: This is all about the sponsorship scar, all about the coin, 195 00:09:41,400 --> 00:09:43,360 Speaker 1: all about the coin. And I'm looking for Matt Damon 196 00:09:43,440 --> 00:09:46,960 Speaker 1: to be Matt Damon's face to be all over the 197 00:09:47,000 --> 00:09:50,920 Speaker 1: World Cup and he will be voicing new promos left, 198 00:09:51,000 --> 00:09:54,480 Speaker 1: right and center. Um. It's it's so interesting given that 199 00:09:54,520 --> 00:09:57,360 Speaker 1: this is a tournament that's already been so controversial, right 200 00:09:57,400 --> 00:10:00,280 Speaker 1: there was all these uh issues with the summer heat 201 00:10:00,320 --> 00:10:03,160 Speaker 1: of cutter and then the treatment of migrant workers. And 202 00:10:03,200 --> 00:10:06,080 Speaker 1: now you've got Crypto dot Com as a sponsor, which 203 00:10:06,760 --> 00:10:09,080 Speaker 1: certainly raised a lot of eyebrows over the past Super 204 00:10:09,080 --> 00:10:12,480 Speaker 1: Bowl when it seemed like every cryptocurrency exchange and even 205 00:10:12,520 --> 00:10:16,400 Speaker 1: some that haven't been born yet, we're just being heralded 206 00:10:16,880 --> 00:10:20,960 Speaker 1: as the next big business opportunity. I'm curious whether there's 207 00:10:20,960 --> 00:10:23,400 Speaker 1: gonna be a crypto company sponsoring the next World Cup 208 00:10:23,480 --> 00:10:26,120 Speaker 1: after this one. I think they're here to stay. Scarlett Um. 209 00:10:26,120 --> 00:10:28,880 Speaker 1: They've got a huge investment in Staples Center seven million 210 00:10:28,920 --> 00:10:32,280 Speaker 1: over twenty years. There million they sunk into RC football. 211 00:10:32,559 --> 00:10:34,800 Speaker 1: They're in Formula one. As you said the Super Bowl, 212 00:10:34,800 --> 00:10:38,200 Speaker 1: every other commercial was was crypto something, a crypto dot com. 213 00:10:38,240 --> 00:10:44,680 Speaker 1: Matt Dame and Tom Brady's into it right now, Larry David, Yeah, 214 00:10:44,720 --> 00:10:49,120 Speaker 1: I don't think that's gonna This has been the Bloomberg 215 00:10:49,200 --> 00:10:53,280 Speaker 1: Business of Sports and our podcast. We're here each and 216 00:10:53,440 --> 00:10:57,520 Speaker 1: every Monday, Wednesday and Thursday talking about some of the 217 00:10:57,520 --> 00:11:00,720 Speaker 1: biggest issues in the world of sport. It's Michael bar. 218 00:11:00,840 --> 00:11:02,720 Speaker 1: You can follow me on Twitter at Big Bar Sports. 219 00:11:02,840 --> 00:11:05,120 Speaker 1: I'm on Twitter at Scarlett Poll and who are you 220 00:11:05,160 --> 00:11:08,120 Speaker 1: gonna call Michael Barr ghostbusters for the runners at second 221 00:11:08,120 --> 00:11:10,680 Speaker 1: base and Michael Lynch follow me at Lynch w CDB. 222 00:11:11,080 --> 00:11:13,960 Speaker 1: No ghost players here when we do the Business of Sports. 223 00:11:14,000 --> 00:11:18,040 Speaker 1: You're listening to Bloomberg Business of Sports Live. When we 224 00:11:18,200 --> 00:11:22,400 Speaker 1: decide that equipment to show up, Uh, that's me on 225 00:11:22,559 --> 00:11:25,600 Speaker 1: Bloomberg Radio around the world. I'm starting on the second 226 00:11:25,640 --> 00:11:25,800 Speaker 1: mich