WEBVTT - Single Best Idea with Tom Keene: Myles Miller and Tony Hatch

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>Single best idea. We'll make it short this morning, with

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<v Speaker 2>the shock in New York City of what we've all

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<v Speaker 2>witnessed across the nation. On Park Avenue from the Waldorf

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<v Speaker 2>up Park Avenue, just past Grand Central Station, heading north,

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<v Speaker 2>there is the spectacular JP Morgan building. They're beginning to

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<v Speaker 2>go in. I believe in August you'll see the first

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<v Speaker 2>employees into the truly spectacular redo the Sir Norman Foster

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<v Speaker 2>Edifice at mister Diamond's building, the lever House of I

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<v Speaker 2>believe nineteen fifty two. Up on the left up to

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<v Speaker 2>four ninety nine Park Avenue, which is where Bloomberg was

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<v Speaker 2>for years before we moved one block over next to

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<v Speaker 2>Bloomingdale's on Lexington and there is Blackstone. They have lost

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<v Speaker 2>Wesley Leapatner. She was exquisite. She was summa cum laude

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<v Speaker 2>Yale University in history and took over their most important

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<v Speaker 2>real estate effort in the recent months. Here's our Miles

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<v Speaker 2>Miller from three forty five Park Avenue.

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<v Speaker 3>One of the people killed yesterday, Wesley Lapatter happens to

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<v Speaker 3>be a rising star in this industry. As you know,

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<v Speaker 3>Tom leading the reap the real estate investment fund for

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<v Speaker 3>wealthy individuals at Blackstone. But it's not just that work

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<v Speaker 3>she was doing. When you talk about a person who's

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<v Speaker 3>on the board of the met the Uja Schechter School,

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<v Speaker 3>this is a person who dedicated their life to helping others.

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<v Speaker 3>And imagine she's leaving work yesterday and becomes one of

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<v Speaker 3>those victims.

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<v Speaker 2>Miles Miller there and he'll continue our coverage in the

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<v Speaker 2>coming days. Is the nation in New York City react

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<v Speaker 2>to this horrific event in the business world today? A

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<v Speaker 2>historic merger. John Tucker did a great job of giving

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<v Speaker 2>scope and scale from the heart of the Civil War

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<v Speaker 2>and the Golden Spike out in Utah over to what

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<v Speaker 2>we see now with Big seven railroads. What will Warren

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<v Speaker 2>Buffett do about a merger of Union Pacific and Norfolk

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<v Speaker 2>Southern from Sea to Shining Sea. Here's a railroad expert,

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<v Speaker 2>Tony Hatch.

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<v Speaker 1>Concessions that could be given could include concessions to Amtrak

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<v Speaker 1>to make their service better over the Union Pacific portion

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<v Speaker 1>they brought. I've ridden long haul trains from New Orleans

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<v Speaker 1>to LA you know, and they're always late, etc. They

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<v Speaker 1>run once a day, So what kind of You know,

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<v Speaker 1>it's great if you're a tourist on the eastern side

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<v Speaker 1>where Norfolk Southern is. You know, that's where we get

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<v Speaker 1>into the Northeast Corridor. So there are things that Amtrak

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<v Speaker 1>could actually get out of this. It'll be curious to see.

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<v Speaker 1>You know, they're a little rudderless right now at Amtrak,

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<v Speaker 1>but they will be one of the many stakeholders who

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<v Speaker 1>are going to come with a place and you know,

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<v Speaker 1>in a fork in their back pocket, a sharp knife,

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<v Speaker 1>and everybody will be looking for something.

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<v Speaker 2>Tony hatch on an eighty five billion dollar at Merger.

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<v Speaker 2>We're in on podcasts, on Apple podcasts, on Spotify, and

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<v Speaker 2>on YouTube podcasts. This is the single best idea