1 00:00:00,080 --> 00:00:10,160 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. Welcome to the Bloomberg 2 00:00:10,280 --> 00:00:15,960 Speaker 1: This Weekend Podcast with David Gura, Christina Raffini, and Elisa Matteo. 3 00:00:17,720 --> 00:00:20,600 Speaker 2: Thanks for joining us for today's selection of conversations from 4 00:00:20,640 --> 00:00:21,000 Speaker 2: the show. 5 00:00:21,200 --> 00:00:23,479 Speaker 3: You can listen to our favorite discussions right here on 6 00:00:23,520 --> 00:00:25,800 Speaker 3: the podcast, and also make sure to join us live 7 00:00:25,960 --> 00:00:28,960 Speaker 3: every Saturday and Sunday morning starting at seven am Easter. 8 00:00:29,200 --> 00:00:32,800 Speaker 4: We're on Bloomberg Television, Radio and the Bloomberg Business App, 9 00:00:33,080 --> 00:00:38,280 Speaker 4: bringing you unique takes and in depth interviews on news, politics, lifestyle, 10 00:00:38,400 --> 00:00:39,120 Speaker 4: and culture. 11 00:00:40,479 --> 00:00:42,920 Speaker 3: All Right, the weather delayed President Trump's July fourth address 12 00:00:43,000 --> 00:00:44,839 Speaker 3: last night. He took the stage speaking of what he 13 00:00:44,920 --> 00:00:48,880 Speaker 3: believes America is currently fighting against, and that is communism. 14 00:00:49,360 --> 00:00:52,159 Speaker 5: America will never be a communist country. 15 00:00:52,640 --> 00:00:53,280 Speaker 6: Won't happen. 16 00:00:55,960 --> 00:01:00,280 Speaker 5: Communism is a loser and it always will be. The 17 00:01:00,360 --> 00:01:04,120 Speaker 5: communist system is the opposite of the American system, and 18 00:01:04,160 --> 00:01:08,200 Speaker 5: the communist system has never worked. Our warriors did not 19 00:01:08,360 --> 00:01:12,240 Speaker 5: fight communism on battlefields across the world only to have 20 00:01:12,319 --> 00:01:16,560 Speaker 5: that metace rear its ugly head right back here in America. 21 00:01:16,640 --> 00:01:17,880 Speaker 7: We're not going to let it happen. 22 00:01:18,520 --> 00:01:21,640 Speaker 2: All right, Bloomberg's own White House correspondent Jeff Mason covered 23 00:01:21,680 --> 00:01:24,320 Speaker 2: the president's dress last night, and he joins us, Now, Jeff, 24 00:01:24,480 --> 00:01:26,400 Speaker 2: you were always going to have a late night, but 25 00:01:26,440 --> 00:01:29,640 Speaker 2: you hadn't even later evening because all those storms and 26 00:01:29,680 --> 00:01:33,039 Speaker 2: disruptions kept delaying things. And I think would have canceled it, 27 00:01:33,080 --> 00:01:35,480 Speaker 2: possibly with any other president. But as he mentioned in 28 00:01:35,520 --> 00:01:38,720 Speaker 2: his speech, the President was never not going to speak 29 00:01:38,800 --> 00:01:41,000 Speaker 2: last night. So what were the highlights? When did he 30 00:01:41,000 --> 00:01:42,800 Speaker 2: finally take it to the stage, and what are the 31 00:01:42,800 --> 00:01:43,520 Speaker 2: big takeaways? 32 00:01:44,240 --> 00:01:46,839 Speaker 8: Not Donald Trump, He does not cancel a speech like that. 33 00:01:48,120 --> 00:01:49,800 Speaker 8: And you know what, I ended up in the press 34 00:01:49,840 --> 00:01:53,160 Speaker 8: pool with him and with the reporters who went to 35 00:01:53,200 --> 00:01:56,360 Speaker 8: the mall for that speech, and just for a little 36 00:01:56,400 --> 00:01:58,800 Speaker 8: color for everybody. It was raining when we got there. 37 00:01:59,480 --> 00:02:02,960 Speaker 8: The President and his entourage went into kind of a 38 00:02:03,000 --> 00:02:07,440 Speaker 8: glassed off structure that had been put together for them 39 00:02:08,280 --> 00:02:11,080 Speaker 8: and waited out the reign for another forty five minutes 40 00:02:11,200 --> 00:02:13,080 Speaker 8: or so, and then he came out to the stage 41 00:02:13,760 --> 00:02:18,600 Speaker 8: shortly after eleven o'clock, spoke until shortly before midnight, and 42 00:02:19,800 --> 00:02:23,320 Speaker 8: got a good response from what was a pretty Trump 43 00:02:23,400 --> 00:02:27,040 Speaker 8: supportive crowd, which makes some sense of people who came 44 00:02:27,080 --> 00:02:29,320 Speaker 8: in for the fourth of July. As far as highlights 45 00:02:29,320 --> 00:02:32,680 Speaker 8: are concerned, he did sort of a mix of some 46 00:02:32,840 --> 00:02:37,000 Speaker 8: traditional Fourth of July themes, a few moving moments where 47 00:02:37,000 --> 00:02:39,400 Speaker 8: he brought up World War Two veterans and veterans from 48 00:02:39,440 --> 00:02:43,919 Speaker 8: other wars to salute flags that they had placed on stage, 49 00:02:43,919 --> 00:02:48,239 Speaker 8: some old flags from US history, but also mixed in 50 00:02:48,320 --> 00:02:53,480 Speaker 8: some very very partisan politics, including that note about communism, 51 00:02:53,480 --> 00:02:56,960 Speaker 8: which is a reference to the Democratic socialists who won 52 00:02:57,320 --> 00:03:00,360 Speaker 8: primaries in the last few weeks in a couple states 53 00:03:00,360 --> 00:03:03,040 Speaker 8: across the nation, and his push for the Stay of 54 00:03:03,040 --> 00:03:08,520 Speaker 8: America Act, which is the bill or the measure that 55 00:03:08,560 --> 00:03:12,720 Speaker 8: would restrict voting access across the United States, specifically restrict 56 00:03:12,720 --> 00:03:15,120 Speaker 8: mail in voting and also require voter id. 57 00:03:15,200 --> 00:03:16,400 Speaker 6: Jeff, let me stick with that. 58 00:03:16,760 --> 00:03:19,400 Speaker 3: I saw some comments from Steve Bannon to political We're 59 00:03:19,400 --> 00:03:20,480 Speaker 3: going to dig into this a bit more in a 60 00:03:20,560 --> 00:03:23,760 Speaker 3: few minutes here, but he said that Republicans and Democrats 61 00:03:23,760 --> 00:03:25,400 Speaker 3: are really having a hard time here kind of figuring 62 00:03:25,400 --> 00:03:27,240 Speaker 3: out how to respond to what we've seen, this surge 63 00:03:27,240 --> 00:03:31,520 Speaker 3: from politicians to identify themselves as democratic socialists. Is it 64 00:03:31,560 --> 00:03:33,840 Speaker 3: clear to you from listening to the president, Yes, last night, 65 00:03:33,880 --> 00:03:35,400 Speaker 3: but also on the trip that he took earlier this 66 00:03:35,440 --> 00:03:38,440 Speaker 3: week to the Dakotas that he sees this as a winner. 67 00:03:38,480 --> 00:03:41,320 Speaker 3: He feels confident that this is a binary that he's 68 00:03:41,400 --> 00:03:41,840 Speaker 3: keen to. 69 00:03:41,760 --> 00:03:46,560 Speaker 8: Embrace absolutely, And what the president likes to have, whether 70 00:03:46,600 --> 00:03:50,160 Speaker 8: it's with the media, whether it's with Democrats, whether it's 71 00:03:50,200 --> 00:03:52,760 Speaker 8: with some other entity, he likes. 72 00:03:52,600 --> 00:03:54,320 Speaker 6: To have a foil. 73 00:03:54,920 --> 00:03:57,000 Speaker 8: He likes to have something that he can lift up 74 00:03:57,040 --> 00:03:59,960 Speaker 8: as the bad guy, and that's to put it pretty mildly. 75 00:04:00,240 --> 00:04:03,480 Speaker 8: And in this case, he's found a new one with 76 00:04:03,640 --> 00:04:08,160 Speaker 8: that theme, with the theme of communism, and he's throwing 77 00:04:08,200 --> 00:04:10,840 Speaker 8: that out, I think in a way to try to 78 00:04:11,000 --> 00:04:15,080 Speaker 8: energize his voters, to try to scare some voters, and 79 00:04:15,120 --> 00:04:17,400 Speaker 8: to use that as a contrast with what he is 80 00:04:17,440 --> 00:04:21,080 Speaker 8: offering himself and what the Republican Party is offering. This 81 00:04:21,160 --> 00:04:25,800 Speaker 8: is not unprecedented. I remember being at a Sea Pack, 82 00:04:25,839 --> 00:04:31,279 Speaker 8: which is that a conference of conservative voters during twenty twenty. 83 00:04:31,279 --> 00:04:33,720 Speaker 8: Actually so at the end of his first term, and 84 00:04:33,800 --> 00:04:36,960 Speaker 8: the entire this was right at the beginning of COVID, 85 00:04:37,600 --> 00:04:42,320 Speaker 8: and the entire conference was arranged around being the theme 86 00:04:42,360 --> 00:04:46,960 Speaker 8: of anti socialism. So this has shifted the vocabulary a 87 00:04:47,000 --> 00:04:50,960 Speaker 8: little bit from socialism to communism, and I think he 88 00:04:51,000 --> 00:04:53,920 Speaker 8: absolutely sees it as a winner, and he has unveiled 89 00:04:53,960 --> 00:04:58,160 Speaker 8: that as a theme pretty starkly, both at the Fourth 90 00:04:58,160 --> 00:05:02,120 Speaker 8: of July speech last night, the North Dakota Speach, and 91 00:05:02,200 --> 00:05:04,240 Speaker 8: another speech that he gave just about a week ago. 92 00:05:04,760 --> 00:05:06,920 Speaker 2: All Right, Jeff, stick with us. We're going to change 93 00:05:06,960 --> 00:05:08,680 Speaker 2: the game. We're going to have you stick around for 94 00:05:08,720 --> 00:05:10,680 Speaker 2: this next segment, but we want to bring in our 95 00:05:10,720 --> 00:05:13,280 Speaker 2: next guest. First, we want to go to Gata Maconda. 96 00:05:13,400 --> 00:05:16,480 Speaker 2: He is he's at Yale School of Management, but he's 97 00:05:16,480 --> 00:05:18,960 Speaker 2: also a columnist here with Bloomberg, and on set we 98 00:05:19,040 --> 00:05:22,520 Speaker 2: have Politico's New York Playbook co author Madison Fernandez, and 99 00:05:22,560 --> 00:05:24,080 Speaker 2: I just want to ask the two of you, as 100 00:05:24,120 --> 00:05:28,480 Speaker 2: more democratic socialists are entering the primaries nationwide, how big 101 00:05:28,680 --> 00:05:31,919 Speaker 2: is the democratic tent? Is there room for both centrists 102 00:05:31,920 --> 00:05:35,360 Speaker 2: and socialists? Or is there going to be a family breakup, 103 00:05:35,440 --> 00:05:39,159 Speaker 2: a party break, some sort of fight here at some point. Madison, 104 00:05:39,200 --> 00:05:40,599 Speaker 2: let's start with you, since you did come in on 105 00:05:40,640 --> 00:05:42,000 Speaker 2: a Sunday. Not that we don't love all of our 106 00:05:42,040 --> 00:05:42,680 Speaker 2: other guests, but. 107 00:05:43,240 --> 00:05:45,440 Speaker 7: I mean Democrats would certainly love to say that they're 108 00:05:45,440 --> 00:05:47,640 Speaker 7: a big tent and they do say that, but I 109 00:05:47,680 --> 00:05:50,240 Speaker 7: think you're going to see over the coming months it 110 00:05:50,360 --> 00:05:52,479 Speaker 7: is going to be a challenge about how they're going 111 00:05:52,560 --> 00:05:55,760 Speaker 7: to work with all these priorities together. I mean, you 112 00:05:55,839 --> 00:05:58,680 Speaker 7: have a group of moderate Democrats right now who are 113 00:05:58,960 --> 00:06:02,760 Speaker 7: trying to say we don't support socialism, but we do 114 00:06:02,839 --> 00:06:05,039 Speaker 7: want to work together. And you know, I was speaking 115 00:06:05,080 --> 00:06:08,120 Speaker 7: with Congressman Tom Swazi last week, as he's part of 116 00:06:08,160 --> 00:06:11,320 Speaker 7: this effort, and I asked, you know, what are you 117 00:06:11,360 --> 00:06:14,000 Speaker 7: going to do to make sure that the whole party 118 00:06:14,040 --> 00:06:17,440 Speaker 7: doesn't just evolve into chaos because the reality as Democrats 119 00:06:17,520 --> 00:06:20,440 Speaker 7: do want to stay on message and fight against Trump 120 00:06:20,520 --> 00:06:22,880 Speaker 7: and they don't want to be distracted by fighting with 121 00:06:22,920 --> 00:06:26,000 Speaker 7: each other. And you know, he pointed to the Freedom 122 00:06:26,000 --> 00:06:27,839 Speaker 7: Caucus on the other side. He's like, we don't want 123 00:06:27,839 --> 00:06:30,400 Speaker 7: that to happen. So I think that there's a lot 124 00:06:30,440 --> 00:06:32,560 Speaker 7: at stake here for Democrats and they are going to 125 00:06:32,600 --> 00:06:33,880 Speaker 7: have to figure out how to work together. 126 00:06:34,560 --> 00:06:36,440 Speaker 3: Echoing what we heard from Wes Moore, the governor of 127 00:06:36,440 --> 00:06:39,600 Speaker 3: Maryland yesterday, his optimism that the tent could be big enough. Gottamconda, 128 00:06:39,680 --> 00:06:42,080 Speaker 3: let me turn to you on this very same point, 129 00:06:42,080 --> 00:06:43,840 Speaker 3: and I guess a lot of difficulty here is and 130 00:06:43,880 --> 00:06:46,479 Speaker 3: maybe in the name itself. Of course, the Democratic Party 131 00:06:46,560 --> 00:06:49,320 Speaker 3: is a party. Is the name implies democratic socialist or not. 132 00:06:49,560 --> 00:06:52,800 Speaker 3: It's a group of elected officials and voters. How much 133 00:06:52,839 --> 00:06:56,440 Speaker 3: does that nuance matter? How awkward is the fit in 134 00:06:56,560 --> 00:06:57,440 Speaker 3: national politics. 135 00:06:58,440 --> 00:07:00,560 Speaker 9: So I think it's going to get party awkward in 136 00:07:00,600 --> 00:07:03,320 Speaker 9: some cases, I mean, dissolving into chaos is the Democratic 137 00:07:03,320 --> 00:07:06,839 Speaker 9: Party's base states, So I think they're all used to that, 138 00:07:06,839 --> 00:07:10,720 Speaker 9: that's their norm. But I think you can make some distinctions, right, 139 00:07:10,800 --> 00:07:13,400 Speaker 9: So it's not that hard for most Democrats to work 140 00:07:13,440 --> 00:07:18,360 Speaker 9: with AOC or with Merri Mumdannie Chevalier. This new candidate 141 00:07:18,360 --> 00:07:20,320 Speaker 9: out in New York who's going to be in Congress, 142 00:07:21,080 --> 00:07:24,120 Speaker 9: her sort of radicalism and her record of statements on 143 00:07:24,160 --> 00:07:25,680 Speaker 9: Twitter and things like that is such that it's going 144 00:07:25,720 --> 00:07:28,240 Speaker 9: to be much much more difficult for Democrats to say, 145 00:07:28,320 --> 00:07:31,360 Speaker 9: to embrace her. But I do think that might actually 146 00:07:31,440 --> 00:07:34,280 Speaker 9: create an opportunity for some where if we go back 147 00:07:34,320 --> 00:07:36,040 Speaker 9: to the nineteen nineties, which I know are you know, 148 00:07:36,160 --> 00:07:38,320 Speaker 9: like the dawn of time for many of us, where 149 00:07:38,360 --> 00:07:41,080 Speaker 9: Bill Clinton really separated himself out from the crowd by 150 00:07:41,080 --> 00:07:42,520 Speaker 9: as they said, you know what they call his sister 151 00:07:42,600 --> 00:07:45,920 Speaker 9: Soldier moment by criticizing people on his left. It wouldn't 152 00:07:45,920 --> 00:07:48,400 Speaker 9: surprise me to see Democratic candidates as they start to 153 00:07:48,440 --> 00:07:50,960 Speaker 9: maneuver for twenty twenty eight or even twenty twenty six, 154 00:07:51,320 --> 00:07:54,760 Speaker 9: thinking very seriously about separating themselves from the DSA and 155 00:07:54,800 --> 00:07:56,720 Speaker 9: actually gaining some political advantages from that. 156 00:07:57,360 --> 00:07:59,400 Speaker 2: Godam, you're not going to be allowed back if you're 157 00:07:59,400 --> 00:08:01,880 Speaker 2: going to be talk about the nineteen nineties being so 158 00:08:01,880 --> 00:08:04,120 Speaker 2: so far away. I like to live under the delusion 159 00:08:04,120 --> 00:08:07,040 Speaker 2: that that was only like ten years ago. Jeff Mason, 160 00:08:07,240 --> 00:08:08,760 Speaker 2: I do want to ask you, it seems like the 161 00:08:08,760 --> 00:08:11,800 Speaker 2: White House wasted no time at all on seizing on 162 00:08:11,880 --> 00:08:16,080 Speaker 2: this line of attack, kind of conflating socialism and communism, 163 00:08:16,160 --> 00:08:19,200 Speaker 2: which I learned recently talking to some fairly educated friends. 164 00:08:19,240 --> 00:08:21,400 Speaker 2: A lot of people don't really know or understand the 165 00:08:21,440 --> 00:08:24,280 Speaker 2: difference and don't really care the difference between the UA 166 00:08:24,480 --> 00:08:26,440 Speaker 2: is the serious means the White House going to use 167 00:08:26,480 --> 00:08:28,400 Speaker 2: that to their advantage, And I think we're already seeing 168 00:08:28,400 --> 00:08:31,440 Speaker 2: it a little bit, including the presences remarks for sure. 169 00:08:31,600 --> 00:08:34,840 Speaker 8: And I think you're also right about that distinction, that 170 00:08:34,840 --> 00:08:39,120 Speaker 8: that's not a distinction that many Americans make communism opropos 171 00:08:39,200 --> 00:08:39,720 Speaker 8: the nineties. 172 00:08:39,800 --> 00:08:42,000 Speaker 2: Christina Hey, now careful. 173 00:08:42,640 --> 00:08:45,880 Speaker 8: I also grew up in the eighties, and you know 174 00:08:46,000 --> 00:08:49,880 Speaker 8: that communism in the eighties in particular was a scary word. 175 00:08:50,520 --> 00:08:52,600 Speaker 8: And it is absolutely connected to the. 176 00:08:52,559 --> 00:08:53,959 Speaker 6: Cold War and to. 177 00:08:55,520 --> 00:08:59,800 Speaker 8: The Berlin Wall and the Soviet Union and all of 178 00:08:59,840 --> 00:09:03,080 Speaker 8: these things that certainly Americans of a certain age associate 179 00:09:03,160 --> 00:09:08,800 Speaker 8: with with negativity. But I think the others were right 180 00:09:09,120 --> 00:09:12,400 Speaker 8: to note that as far as Democratic Socialists are concerned, 181 00:09:12,440 --> 00:09:15,160 Speaker 8: there are some high profile Democratic Socialists who are governing 182 00:09:15,280 --> 00:09:17,520 Speaker 8: right now and finding a way to do it with 183 00:09:17,559 --> 00:09:20,360 Speaker 8: other Democrats, certainly including the mayor of New York. I 184 00:09:20,400 --> 00:09:24,080 Speaker 8: would add Bernie Sanders to that list, a very very 185 00:09:24,120 --> 00:09:28,200 Speaker 8: successful senator who came pretty darn close to becoming the 186 00:09:28,200 --> 00:09:33,800 Speaker 8: Democratic nominee for president at least once, and Democrats found 187 00:09:33,800 --> 00:09:36,720 Speaker 8: a way to work with him. And that that doesn't 188 00:09:36,760 --> 00:09:39,360 Speaker 8: mean that there aren't fissiers in the party. There absolutely are, 189 00:09:39,440 --> 00:09:42,959 Speaker 8: and the reasons for those fissures are are vast, and 190 00:09:43,080 --> 00:09:46,800 Speaker 8: it underscores some problems broadly for the party going into 191 00:09:46,840 --> 00:09:52,280 Speaker 8: the midterm elections as they tried to conquer Republicans. But 192 00:09:53,040 --> 00:09:56,520 Speaker 8: is it is it what President Trump is portraying. 193 00:09:56,640 --> 00:09:57,320 Speaker 6: No, it's not. 194 00:09:57,520 --> 00:10:00,679 Speaker 8: And that is also part of their job is is 195 00:10:00,720 --> 00:10:03,440 Speaker 8: to counteract some of that rhetoric which he is. I think, 196 00:10:03,559 --> 00:10:07,760 Speaker 8: as you rightly said, Christina, so far pretty successfully wielding 197 00:10:07,800 --> 00:10:08,360 Speaker 8: against them. 198 00:10:08,800 --> 00:10:10,400 Speaker 3: Madison, let me pick up on what Jeff was talking 199 00:10:10,400 --> 00:10:13,160 Speaker 3: about there, the role of Mayor Mum Donnie here in 200 00:10:13,160 --> 00:10:15,760 Speaker 3: New York. And as you've noted in the New York Playbook, 201 00:10:16,160 --> 00:10:17,800 Speaker 3: he's had a lot of high profile phone calls in 202 00:10:17,840 --> 00:10:21,080 Speaker 3: recent days with Kamala Harris, the for presidential nominee, with 203 00:10:21,160 --> 00:10:24,320 Speaker 3: Gavin Newsom, who could be the Democrats nominee going forward here. 204 00:10:24,679 --> 00:10:27,480 Speaker 3: What does that say to you Their willingness to engage 205 00:10:27,480 --> 00:10:29,280 Speaker 3: with him about how they see him and the role 206 00:10:29,280 --> 00:10:31,559 Speaker 3: that he's playing in the conversation that we're talking about, 207 00:10:31,720 --> 00:10:32,560 Speaker 3: It speaks. 208 00:10:32,240 --> 00:10:35,839 Speaker 7: To an acknowledgment that this is the path forward that 209 00:10:35,960 --> 00:10:39,960 Speaker 7: brings in more voters who are frustrated the establishment and 210 00:10:40,040 --> 00:10:43,680 Speaker 7: perhaps disillusioned with politics, disillusioned with the Democratic Party. And 211 00:10:43,679 --> 00:10:46,440 Speaker 7: when you have someone so popular like Mayor Mom Donnie, 212 00:10:46,520 --> 00:10:48,400 Speaker 7: why wouldn't you reach out to him to try to 213 00:10:48,440 --> 00:10:50,840 Speaker 7: get him on board, get his voters on board, Especially 214 00:10:50,880 --> 00:10:53,320 Speaker 7: when you see the victories he had in the New 215 00:10:53,360 --> 00:10:57,720 Speaker 7: York primaries. Just something else I wanted to respond to 216 00:10:57,920 --> 00:11:01,520 Speaker 7: on countering this rhetoric. I think that for some of 217 00:11:01,520 --> 00:11:05,600 Speaker 7: these more established politicians, that's easier for your aocs braving 218 00:11:05,640 --> 00:11:08,720 Speaker 7: your mom Donnie's right now because he, you know, skyrocketed 219 00:11:09,040 --> 00:11:11,040 Speaker 7: US is coming into office, Yes exactly. 220 00:11:11,320 --> 00:11:12,320 Speaker 2: But some of these. 221 00:11:12,120 --> 00:11:17,360 Speaker 7: Newer officials like Diari Ali's a Vila Chevalier who we 222 00:11:17,480 --> 00:11:19,200 Speaker 7: mentioned before, you know, she had to come out and 223 00:11:19,240 --> 00:11:22,359 Speaker 7: say I am not a communist, I am a democratic socialist. 224 00:11:22,760 --> 00:11:23,880 Speaker 2: And that's just. 225 00:11:23,840 --> 00:11:26,439 Speaker 10: Going to be more difficult for some of these newer 226 00:11:26,440 --> 00:11:28,839 Speaker 10: folks who don't have a high name ID, who people 227 00:11:28,880 --> 00:11:31,800 Speaker 10: don't know when you have this rhetoric coming from the 228 00:11:31,800 --> 00:11:34,440 Speaker 10: Republican side look at these communists, So they have to 229 00:11:34,440 --> 00:11:36,840 Speaker 10: spend more time countering that, and. 230 00:11:37,080 --> 00:11:39,360 Speaker 7: That could be frustrating when you're just trying to get 231 00:11:39,440 --> 00:11:41,480 Speaker 7: to Congress do your job, especially. 232 00:11:41,120 --> 00:11:43,000 Speaker 2: At a time when Democrats felt they really did have 233 00:11:43,040 --> 00:11:45,800 Speaker 2: the upper hand with messaging, given the unpopularity of the war, 234 00:11:45,880 --> 00:11:48,120 Speaker 2: that the tenuous nature of the US economy going into 235 00:11:48,120 --> 00:11:50,320 Speaker 2: the midterms. We now have to have this whole other 236 00:11:50,480 --> 00:11:53,480 Speaker 2: discussion got them. I want to ask you. I grew 237 00:11:53,559 --> 00:11:55,439 Speaker 2: up in Colorado, one of the other places we're seeing 238 00:11:55,440 --> 00:11:58,480 Speaker 2: at some Democratic Socialists candidates, and I reached out to 239 00:11:58,600 --> 00:12:01,360 Speaker 2: some friends online and just said, look, if you're an 240 00:12:01,360 --> 00:12:04,240 Speaker 2: independent and you vote one way or the other, would 241 00:12:04,280 --> 00:12:07,280 Speaker 2: you vote for someone whose self idd as a Democratic Socialist? 242 00:12:07,360 --> 00:12:10,280 Speaker 2: And I thought the responses were very interesting because a 243 00:12:10,320 --> 00:12:12,559 Speaker 2: lot of more independent folks that absolutely not. It was 244 00:12:12,600 --> 00:12:15,160 Speaker 2: a deal breaker. Some more on the liberal sides said 245 00:12:15,160 --> 00:12:17,800 Speaker 2: I would only vote for somebody who said Democratic Socialists. 246 00:12:17,800 --> 00:12:19,400 Speaker 2: And then I got a couple of responses that said, 247 00:12:19,400 --> 00:12:22,040 Speaker 2: can we just stop putting labels on people and vote 248 00:12:22,080 --> 00:12:24,320 Speaker 2: based on the issues? But that is a lot to 249 00:12:24,440 --> 00:12:26,640 Speaker 2: navigate for voters. Do you think there is a way 250 00:12:26,679 --> 00:12:28,840 Speaker 2: where this could be a benefit to the party given 251 00:12:28,960 --> 00:12:31,800 Speaker 2: unhappiness with incumbency and with what's going on right now? 252 00:12:31,880 --> 00:12:33,600 Speaker 2: Or is it just going to muddy the waters because 253 00:12:34,160 --> 00:12:37,080 Speaker 2: voters attention spans are short, and it's Novembers is right 254 00:12:37,080 --> 00:12:37,680 Speaker 2: around the corner. 255 00:12:38,280 --> 00:12:40,439 Speaker 9: Yeah, November's coming up, and I think we should split 256 00:12:40,480 --> 00:12:41,680 Speaker 9: this up into a few different things. 257 00:12:41,760 --> 00:12:41,880 Speaker 6: Right. 258 00:12:41,920 --> 00:12:45,600 Speaker 9: So, the DSA phenomenon seems to be largely about blue 259 00:12:46,120 --> 00:12:49,120 Speaker 9: urban era, deep blue urban areas, particularly in New York. Right, 260 00:12:49,160 --> 00:12:52,080 Speaker 9: they had Kiros win Colorado, but like I don't doesn't 261 00:12:52,080 --> 00:12:53,959 Speaker 9: seem likely they have the same level as strength Pep. 262 00:12:54,160 --> 00:12:56,280 Speaker 9: What we saw in Colorado other than Kiros was just 263 00:12:56,320 --> 00:13:00,280 Speaker 9: a profound anti incumbent push from Democratic voters who looked 264 00:13:00,280 --> 00:13:02,960 Speaker 9: at their establishment and said, you had one job. You 265 00:13:03,000 --> 00:13:05,320 Speaker 9: had one job, one job, one job. Your one job 266 00:13:05,400 --> 00:13:07,520 Speaker 9: was to beat Donald Trump, and you failed, and we 267 00:13:07,559 --> 00:13:10,280 Speaker 9: will take anyone over the people who failed at that 268 00:13:10,360 --> 00:13:12,160 Speaker 9: one and only task. And that I think is how 269 00:13:12,160 --> 00:13:15,079 Speaker 9: you see wayser to be Bennett. And on the flip side, 270 00:13:15,080 --> 00:13:17,480 Speaker 9: you know, in Colorado they have this huge advantage where 271 00:13:17,520 --> 00:13:21,080 Speaker 9: the Republican nominee looks like it's going to be you know, 272 00:13:21,120 --> 00:13:24,080 Speaker 9: it's Marx who I'm trying to put this in a 273 00:13:24,160 --> 00:13:27,560 Speaker 9: diplomatic way. If you believe his own testimony about his 274 00:13:27,679 --> 00:13:32,360 Speaker 9: life is you know, either delusional or a murderer, Like 275 00:13:32,400 --> 00:13:34,080 Speaker 9: one of those two things kind of has to be true. 276 00:13:34,320 --> 00:13:37,800 Speaker 9: Like so that really changes the dynamic in some pretty 277 00:13:37,800 --> 00:13:41,240 Speaker 9: profound ways in state by state when you're running against 278 00:13:41,280 --> 00:13:41,839 Speaker 9: someone like that. 279 00:13:43,240 --> 00:13:44,000 Speaker 6: Matson up Turndery. 280 00:13:44,080 --> 00:13:46,000 Speaker 3: Lastly here just on this issue, I mentioned the Steve 281 00:13:46,040 --> 00:13:47,880 Speaker 3: Bannon interview and maybe you can just kind of synthesize 282 00:13:47,880 --> 00:13:50,320 Speaker 3: what he had to say in that conversation with Politico. 283 00:13:50,920 --> 00:13:52,960 Speaker 3: Does he feel like Republicans are equipped to Yes, the 284 00:13:52,960 --> 00:13:54,920 Speaker 3: President clearly feels like he is able to push back 285 00:13:54,920 --> 00:13:57,080 Speaker 3: on this. Do Republicans largely have a unified message on 286 00:13:57,080 --> 00:13:57,440 Speaker 3: this yet? 287 00:13:58,280 --> 00:14:00,559 Speaker 7: I mean, I think on both sides there's going to 288 00:14:00,600 --> 00:14:03,880 Speaker 7: be work to do to come there with the unified message. 289 00:14:03,920 --> 00:14:07,800 Speaker 7: I mean, you're already seeing Republicans in recent weeks attacking 290 00:14:07,840 --> 00:14:12,800 Speaker 7: Democrats on this front. But you know, when there are 291 00:14:12,960 --> 00:14:17,400 Speaker 7: a lot of concerns about the economy, about rising gas prices, 292 00:14:17,400 --> 00:14:21,400 Speaker 7: about everything, It's going to be interesting to see if 293 00:14:21,480 --> 00:14:26,040 Speaker 7: voters are like making the connection that President Trump is 294 00:14:26,080 --> 00:14:27,920 Speaker 7: trying to make, because I think a lot of what 295 00:14:27,960 --> 00:14:31,800 Speaker 7: he's saying speaks to the concerns the economic insecurity. But 296 00:14:32,440 --> 00:14:34,960 Speaker 7: if they're running around saying, look at all these socialist 297 00:14:34,960 --> 00:14:37,040 Speaker 7: look at all these communists, I think there has to 298 00:14:37,040 --> 00:14:40,480 Speaker 7: be another step there that I'm not sure we're there yet. 299 00:14:40,640 --> 00:14:42,280 Speaker 3: Massive Frenavis, thank you very much. Great to see you 300 00:14:42,320 --> 00:14:44,160 Speaker 3: here in studio in New York. Jeff Mason, thanks to you. 301 00:14:44,160 --> 00:14:46,800 Speaker 3: Got to makinda appreciate your time on this Sunday as well. 302 00:14:46,880 --> 00:14:49,760 Speaker 3: No doubt this conversation will continue to evolve here in 303 00:14:49,760 --> 00:14:50,080 Speaker 3: the leader. 304 00:14:50,760 --> 00:14:52,320 Speaker 6: Definitely right around the corner. 305 00:14:52,720 --> 00:14:54,000 Speaker 2: It's always an election somewhere. 306 00:14:56,160 --> 00:14:58,680 Speaker 6: Stay with us for more on Bloomberg this weekend. 307 00:14:59,000 --> 00:15:12,200 Speaker 3: Right after this this week and a brand new investment 308 00:15:12,240 --> 00:15:16,000 Speaker 3: vehicle for children called Trump Accounts went live started accepting contributions. 309 00:15:16,200 --> 00:15:18,680 Speaker 3: Accounts were created under the multi trillion dollar tax and 310 00:15:18,720 --> 00:15:22,080 Speaker 3: spending bill signed in twenty twenty five by President Trump. 311 00:15:22,120 --> 00:15:22,440 Speaker 6: That's right. 312 00:15:22,480 --> 00:15:25,880 Speaker 2: The idea is that parents, relatives, and even employers can 313 00:15:26,000 --> 00:15:28,600 Speaker 2: chip in and these funds will grow over time due 314 00:15:28,640 --> 00:15:31,240 Speaker 2: to what we all know compound interest. That's how it works. 315 00:15:31,400 --> 00:15:34,000 Speaker 2: The federal government also says it will provide about one 316 00:15:34,000 --> 00:15:37,320 Speaker 2: thousand dollars seed contribution for kids born between January twenty 317 00:15:37,320 --> 00:15:40,400 Speaker 2: twenty five and December twenty twenty eight. Joining us now 318 00:15:40,480 --> 00:15:43,720 Speaker 2: is Bloomberg Personal Finance reporter Sarah Foster. Okay, we had 319 00:15:43,760 --> 00:15:46,800 Speaker 2: a bit of a debate in our newsroom about these. 320 00:15:47,160 --> 00:15:50,800 Speaker 2: Some people very on board, some people very skeptical. Where 321 00:15:50,800 --> 00:15:52,480 Speaker 2: do you stand and what is this about? 322 00:15:52,600 --> 00:15:53,080 Speaker 9: I think the. 323 00:15:53,120 --> 00:15:55,720 Speaker 11: Easiest way to kind of weigh this decision is, you know, 324 00:15:55,760 --> 00:15:58,520 Speaker 11: if you're eligible for the free money. Take it that 325 00:15:58,560 --> 00:16:01,920 Speaker 11: one thousand dollars seat contribution for newborns who were born 326 00:16:01,960 --> 00:16:04,040 Speaker 11: between the beginning of twenty twenty five the end of 327 00:16:04,040 --> 00:16:06,160 Speaker 11: twenty twenty eight. I've spoken with a lot of parents 328 00:16:06,200 --> 00:16:08,360 Speaker 11: who are not even planning on putting their own funds 329 00:16:08,360 --> 00:16:10,320 Speaker 11: into it. They're just taking the money and letting it 330 00:16:10,360 --> 00:16:12,640 Speaker 11: grow over time. You know, we kind of crunch those 331 00:16:12,680 --> 00:16:15,520 Speaker 11: numbers too, and even by the time that someone gets eighteen, 332 00:16:15,920 --> 00:16:18,280 Speaker 11: that one thousand dollars can grow to even more, and 333 00:16:18,320 --> 00:16:20,360 Speaker 11: it can grow to you know, eighty thousand dollars by 334 00:16:20,360 --> 00:16:22,520 Speaker 11: the time they hit sixty five, which this is a 335 00:16:22,520 --> 00:16:23,360 Speaker 11: retirement account. 336 00:16:23,360 --> 00:16:24,520 Speaker 2: That's the best way to think about it. 337 00:16:24,600 --> 00:16:26,800 Speaker 3: Wow, talk a bit about how one gets one of 338 00:16:26,840 --> 00:16:29,680 Speaker 3: these accounts. So there are companies that will sign you 339 00:16:29,720 --> 00:16:32,760 Speaker 3: up for retirement contributions automatically, that's not the case here. 340 00:16:32,800 --> 00:16:34,120 Speaker 3: So when you look at sort of who's signed up 341 00:16:34,120 --> 00:16:36,000 Speaker 3: for these who's taking advantage of this, what do those 342 00:16:36,040 --> 00:16:37,120 Speaker 3: numbers look like at this point? 343 00:16:37,280 --> 00:16:39,600 Speaker 11: At this point, the Treasury says that more than six 344 00:16:39,680 --> 00:16:43,120 Speaker 11: million parents have enrolled their children for a TRUMP account, 345 00:16:43,160 --> 00:16:46,120 Speaker 11: and then about one point four million children are eligible 346 00:16:46,120 --> 00:16:49,520 Speaker 11: for that seed funding. You know, we are expecting to 347 00:16:49,520 --> 00:16:51,400 Speaker 11: hear a little bit more early next week from the 348 00:16:51,440 --> 00:16:54,280 Speaker 11: Treasury about how many parents are enrolling. So when we 349 00:16:54,360 --> 00:16:57,440 Speaker 11: talk about you know that July fourth launch, parents have 350 00:16:57,480 --> 00:16:59,400 Speaker 11: been able to sign up for the account, but it 351 00:16:59,440 --> 00:17:01,680 Speaker 11: wasn't until this weekend that they were able to start 352 00:17:01,680 --> 00:17:05,000 Speaker 11: contributing funds, And of course that seed contribution wasn't expected 353 00:17:05,040 --> 00:17:08,720 Speaker 11: to hit accounts come Monday, when market's open, then that's 354 00:17:08,760 --> 00:17:11,119 Speaker 11: when these funds are able to be invested. And we 355 00:17:11,200 --> 00:17:13,680 Speaker 11: heard from the Treasury last week that the mutual funds, 356 00:17:13,760 --> 00:17:16,680 Speaker 11: the ETFs that parents can take advantage of are through 357 00:17:17,040 --> 00:17:17,639 Speaker 11: State Street. 358 00:17:18,560 --> 00:17:20,280 Speaker 2: What are the drawbacks? There has to be one, What 359 00:17:20,320 --> 00:17:22,920 Speaker 2: are the concerns? And why do this when there's other 360 00:17:22,920 --> 00:17:25,000 Speaker 2: accounts that already exist where you could do this. 361 00:17:25,359 --> 00:17:27,679 Speaker 11: It's definitely going to become a lot more complicated, I 362 00:17:27,680 --> 00:17:30,240 Speaker 11: think for parents to choose between the menu of options. 363 00:17:30,280 --> 00:17:33,560 Speaker 11: You also have that gold standard five twenty nine savings 364 00:17:33,600 --> 00:17:36,760 Speaker 11: plan that is what financial experts say to us, still 365 00:17:36,800 --> 00:17:39,200 Speaker 11: the best place to park the cash that you're saving 366 00:17:39,720 --> 00:17:40,440 Speaker 11: for education. 367 00:17:40,560 --> 00:17:41,439 Speaker 2: Why do this? 368 00:17:41,520 --> 00:17:45,600 Speaker 11: Then? It's really serving a gap here that a lot 369 00:17:45,600 --> 00:17:48,879 Speaker 11: of children previously you weren't really able to enroll in 370 00:17:48,880 --> 00:17:52,800 Speaker 11: an retirement account until you had earned income and now 371 00:17:52,880 --> 00:17:55,240 Speaker 11: so for parents who you know, the question is you 372 00:17:55,280 --> 00:17:56,960 Speaker 11: want to look at what the fund is for and 373 00:17:57,040 --> 00:17:58,639 Speaker 11: choose the account that works best for it. 374 00:17:58,680 --> 00:18:00,480 Speaker 2: The drawback is that it has to be locked up. 375 00:18:00,480 --> 00:18:03,280 Speaker 11: Until eighteen and then kind of the pro here is 376 00:18:03,320 --> 00:18:04,960 Speaker 11: that if you have extra money that you want to 377 00:18:04,960 --> 00:18:07,280 Speaker 11: put aside for your child's retirement, you know, if you're 378 00:18:07,320 --> 00:18:09,439 Speaker 11: thinking about this, then this would be the account to 379 00:18:09,440 --> 00:18:09,719 Speaker 11: do it. 380 00:18:10,480 --> 00:18:12,280 Speaker 3: Talk if you would just about the way this is 381 00:18:12,320 --> 00:18:13,840 Speaker 3: all coming together. So, yes, it was part of this 382 00:18:13,880 --> 00:18:16,680 Speaker 3: big piece of legislation, but you know, every other week 383 00:18:16,720 --> 00:18:20,720 Speaker 3: it seems like there's a new development here. Some philanthropists 384 00:18:20,760 --> 00:18:23,560 Speaker 3: or magnate is going to donate x amount of billions of. 385 00:18:23,520 --> 00:18:26,240 Speaker 2: Dollars to Dallas size account dallasas two fifteen. 386 00:18:27,680 --> 00:18:30,399 Speaker 3: Ray Dalio did as well, you know, with limits on 387 00:18:30,440 --> 00:18:33,760 Speaker 3: geography or who's eligible. Some employers are putting money in 388 00:18:33,760 --> 00:18:35,280 Speaker 3: as well, but there's a threshold that they have to meet. 389 00:18:35,280 --> 00:18:36,639 Speaker 3: The five thousands the max that you could put in 390 00:18:36,720 --> 00:18:39,399 Speaker 3: or your employer could put in. Talk if you just 391 00:18:39,440 --> 00:18:41,159 Speaker 3: about the ambiguity that remains here in terms of like 392 00:18:41,200 --> 00:18:43,080 Speaker 3: what the penalties might be if you're withdraw it and 393 00:18:43,119 --> 00:18:45,639 Speaker 3: what the tax penalties might be there. There's still more clarity, 394 00:18:45,640 --> 00:18:47,800 Speaker 3: it seems, with traditional iras and with five twenty nine 395 00:18:47,840 --> 00:18:48,040 Speaker 3: than you. 396 00:18:48,080 --> 00:18:48,480 Speaker 6: Have with these. 397 00:18:48,760 --> 00:18:51,760 Speaker 11: Yeah, so at eighteen that's the point when you can 398 00:18:51,960 --> 00:18:54,320 Speaker 11: start to access the funds. But of course, if you're 399 00:18:54,320 --> 00:18:56,240 Speaker 11: going to use it for anything that isn't that what 400 00:18:56,320 --> 00:18:59,159 Speaker 11: they say kind of an eligible distribution. That's you know, 401 00:18:59,160 --> 00:19:04,159 Speaker 11: a first time home buyer ten thousand dollars education related expenses, 402 00:19:04,280 --> 00:19:07,240 Speaker 11: that's when you'd pay a ten percent penalty. And then 403 00:19:07,280 --> 00:19:09,800 Speaker 11: on top of that, you know, the biggest unanswered question 404 00:19:09,920 --> 00:19:13,920 Speaker 11: is how they're going to handle these different contributions. You know, parents, 405 00:19:14,280 --> 00:19:17,879 Speaker 11: those go in post tax, Employers those go in pre tax. 406 00:19:18,320 --> 00:19:20,640 Speaker 2: How are you going to you know, the ordinary. 407 00:19:20,200 --> 00:19:23,680 Speaker 11: Income that's what's taxed of course when money comes out 408 00:19:23,760 --> 00:19:26,000 Speaker 11: of an IRA. How are are parents going to do 409 00:19:26,080 --> 00:19:30,119 Speaker 11: this complex accounting? It's another really big open question. And 410 00:19:30,280 --> 00:19:31,880 Speaker 11: I think another thing, you know, as you were looking 411 00:19:31,920 --> 00:19:33,879 Speaker 11: at what we don't know is whether a lot of 412 00:19:33,920 --> 00:19:36,800 Speaker 11: parents are going to be able to work with different trustees. 413 00:19:37,320 --> 00:19:39,760 Speaker 11: Right now, Robinhood is the one that is in charge 414 00:19:39,800 --> 00:19:42,800 Speaker 11: of these accounts. That's the app that parents are investing 415 00:19:42,840 --> 00:19:46,439 Speaker 11: in if other parents are working with brokerages like Fidelity, 416 00:19:46,800 --> 00:19:49,960 Speaker 11: you know, Empower, some of these programs are also angling. 417 00:19:50,040 --> 00:19:51,520 Speaker 6: Can they buy individual stocks? 418 00:19:51,560 --> 00:19:51,639 Speaker 11: Mean? 419 00:19:51,680 --> 00:19:53,720 Speaker 3: What kind of investments can you make through these accounts? 420 00:19:53,720 --> 00:19:55,680 Speaker 3: How much determinism do you have to pick? What's what's 421 00:19:55,720 --> 00:19:56,040 Speaker 3: in there? 422 00:19:56,119 --> 00:19:56,359 Speaker 8: Yeah? 423 00:19:56,400 --> 00:19:59,000 Speaker 11: By law, the index funds that parents have to be 424 00:19:59,040 --> 00:20:02,840 Speaker 11: invested in are not US stocks. The Treasury has named 425 00:20:02,880 --> 00:20:05,280 Speaker 11: four others, you know, in total that will be available 426 00:20:05,280 --> 00:20:07,679 Speaker 11: in the coming months. But right now these funds are 427 00:20:07,680 --> 00:20:10,639 Speaker 11: going to be automatically invested in state streets, you know, 428 00:20:10,880 --> 00:20:13,200 Speaker 11: low cost indexpund tracking, the s and P five hundred. 429 00:20:13,440 --> 00:20:16,080 Speaker 2: All right, Sarah Foster, thank you so much. We're very curious, 430 00:20:16,119 --> 00:20:20,280 Speaker 2: so thanks for helping us break it down. Stay with 431 00:20:20,359 --> 00:20:22,920 Speaker 2: us for more on Bloomberg this weekend. Right after this, 432 00:20:34,440 --> 00:20:37,959 Speaker 2: Team USA's twenty twenty six FIFA World Cup run continues 433 00:20:38,040 --> 00:20:40,359 Speaker 2: Monday night as they take on Belgium in the round 434 00:20:40,400 --> 00:20:40,919 Speaker 2: of sixteen. 435 00:20:41,040 --> 00:20:41,919 Speaker 6: The corn of Fox Sports. 436 00:20:41,960 --> 00:20:44,879 Speaker 3: Last week's win against Bosnia Herskovina broke a record as 437 00:20:44,920 --> 00:20:47,720 Speaker 3: the most watched soccer telecast in the English language history, 438 00:20:47,720 --> 00:20:51,280 Speaker 3: with more than twenty four million viewers. As mentioned Bloomberg, 439 00:20:51,280 --> 00:20:53,199 Speaker 3: Business of Sports, reporter Randall Williams is here with us 440 00:20:53,200 --> 00:20:53,840 Speaker 3: on set. 441 00:20:54,160 --> 00:20:54,720 Speaker 6: In New York. 442 00:20:55,119 --> 00:20:57,040 Speaker 3: Let's talk about the game we're looking forward to US 443 00:20:57,160 --> 00:21:00,760 Speaker 3: versus Belgium. What are the odds looking like for the 444 00:21:00,840 --> 00:21:01,760 Speaker 3: US going to that game. 445 00:21:01,840 --> 00:21:03,280 Speaker 6: Well, obviously big loss was flow. 446 00:21:03,359 --> 00:21:05,879 Speaker 12: Ballaghan had a red card, which I think was a 447 00:21:05,880 --> 00:21:09,840 Speaker 12: bit harsh for just yeah. I mean it's based on 448 00:21:09,960 --> 00:21:12,879 Speaker 12: the fact that it's unnecessary contact, but it was incidental 449 00:21:12,920 --> 00:21:16,040 Speaker 12: and I think that the policy is really the problem here. 450 00:21:16,040 --> 00:21:17,879 Speaker 12: But the rules were followed and so at that point 451 00:21:17,920 --> 00:21:20,159 Speaker 12: he has to miss this match. But Tim say is 452 00:21:20,200 --> 00:21:23,160 Speaker 12: in good shape. They should be competitive and it's possible 453 00:21:23,200 --> 00:21:24,439 Speaker 12: that they could come out with a win. It's not 454 00:21:24,480 --> 00:21:26,800 Speaker 12: like they lose flow and now it's over. 455 00:21:26,920 --> 00:21:29,159 Speaker 6: Where do you stand on the VAR thing? This has 456 00:21:29,200 --> 00:21:31,880 Speaker 6: been a roiling debate within the Gara household. I was fry. 457 00:21:31,920 --> 00:21:34,760 Speaker 3: I mean, like it is wild, it's happening after every goal, 458 00:21:34,800 --> 00:21:36,679 Speaker 3: But I mean it's it's adding a level of kind. 459 00:21:36,520 --> 00:21:38,320 Speaker 6: Of post scruty that you haven't had in the past. 460 00:21:38,400 --> 00:21:39,879 Speaker 12: It's one of those things where like you can have 461 00:21:39,920 --> 00:21:41,760 Speaker 12: all the excitement in the world and then you go 462 00:21:41,800 --> 00:21:44,600 Speaker 12: to var and it crushes. Yeah, there was a match 463 00:21:44,680 --> 00:21:48,919 Speaker 12: with a match with Portugal in Croatia where Croatia basically 464 00:21:48,920 --> 00:21:50,600 Speaker 12: got a buzzer beating goal at the end of the 465 00:21:50,640 --> 00:21:52,800 Speaker 12: match and then they go to var and the guy, 466 00:21:52,840 --> 00:21:55,040 Speaker 12: I mean, it doesn't even look like the ball grazed 467 00:21:55,080 --> 00:21:57,400 Speaker 12: his head, but they rule that it grazed his head 468 00:21:57,440 --> 00:21:58,560 Speaker 12: and now the game is over. 469 00:21:58,680 --> 00:22:00,679 Speaker 3: The craziest thing about that was like there's a censor 470 00:22:00,720 --> 00:22:04,120 Speaker 3: in the ball that can tell them, like unequivocally whether 471 00:22:04,200 --> 00:22:04,920 Speaker 3: or not it was touched. 472 00:22:04,920 --> 00:22:06,119 Speaker 6: And that was the thing that was there for me. 473 00:22:06,200 --> 00:22:08,440 Speaker 12: And off sides calls, Like I do think the offside 474 00:22:08,480 --> 00:22:10,520 Speaker 12: should be a rule, but sometimes when it's just a 475 00:22:10,640 --> 00:22:11,919 Speaker 12: toe ahead, I'm like, gosh, just. 476 00:22:11,920 --> 00:22:14,120 Speaker 6: Don't look at offsides. 477 00:22:14,119 --> 00:22:15,679 Speaker 2: I don't know if you guys are watched Ted last night, 478 00:22:15,720 --> 00:22:17,640 Speaker 2: but offside is one of those rules. It's so amorphous. 479 00:22:17,720 --> 00:22:19,320 Speaker 2: It's like a whole running plot thing, and that like 480 00:22:19,359 --> 00:22:21,439 Speaker 2: I will never understand that rule. I've just given up. 481 00:22:21,440 --> 00:22:25,920 Speaker 2: I just go with what you it's offsides, Okay, all right? 482 00:22:26,160 --> 00:22:28,240 Speaker 2: What does the prize look like for the World Cup 483 00:22:28,280 --> 00:22:30,080 Speaker 2: winners this year? What are we talking about? What do 484 00:22:30,119 --> 00:22:32,359 Speaker 2: they get? And we were talking before that in the 485 00:22:32,359 --> 00:22:35,240 Speaker 2: commercial even if they don't win. Some people are getting 486 00:22:35,320 --> 00:22:37,720 Speaker 2: other prizes from just having participated or been kind of 487 00:22:37,760 --> 00:22:38,520 Speaker 2: like a breakout star. 488 00:22:38,760 --> 00:22:40,879 Speaker 12: Sure, so the prize pool I believe is up to 489 00:22:40,880 --> 00:22:43,960 Speaker 12: like nine hundred million dollars, And so with that in mind, 490 00:22:44,000 --> 00:22:47,320 Speaker 12: it's broken down by country, and so the people who 491 00:22:47,440 --> 00:22:49,280 Speaker 12: just qualified for it, you get a small amount of 492 00:22:49,280 --> 00:22:51,720 Speaker 12: people who are winning the Tournament of Champions get the 493 00:22:51,800 --> 00:22:54,320 Speaker 12: largest amount, and then it's split amongst I believe, the players. 494 00:22:54,359 --> 00:22:56,440 Speaker 12: And you know, for some of those players, if it's 495 00:22:56,440 --> 00:22:58,280 Speaker 12: a smaller nation, that can be life changing money. We're 496 00:22:58,320 --> 00:23:00,959 Speaker 12: talking about millions of dollars, sometimes hundred thousands of dollars. 497 00:23:01,000 --> 00:23:04,040 Speaker 12: But for the larger players at Messi, Ronaldo, this is 498 00:23:04,080 --> 00:23:05,159 Speaker 12: just a nice bonus. 499 00:23:05,560 --> 00:23:08,760 Speaker 3: How does FIFA look at kind of like these Cinderella stories, 500 00:23:08,800 --> 00:23:12,520 Speaker 3: these underdog stories we're talking about Cape Verdie a moment ago. Sure, 501 00:23:13,000 --> 00:23:14,840 Speaker 3: now it seems like we're getting closer and close to 502 00:23:14,840 --> 00:23:16,800 Speaker 3: a finals where like a lot of the traditional teams 503 00:23:16,840 --> 00:23:19,119 Speaker 3: that have been done well in the world kept in 504 00:23:19,119 --> 00:23:20,840 Speaker 3: the past, are there a good thing for them? 505 00:23:20,880 --> 00:23:22,400 Speaker 6: Do they like a Cinderella? Truely? 506 00:23:22,440 --> 00:23:24,199 Speaker 12: I mean I think when you expand a tournament to 507 00:23:24,240 --> 00:23:26,520 Speaker 12: forty eight teams, you're going to have more Cinderellas, but 508 00:23:26,520 --> 00:23:29,320 Speaker 12: the Cinderella's the stories end in the round of thirty 509 00:23:29,320 --> 00:23:31,560 Speaker 12: two a good portion of them. We did not see 510 00:23:31,600 --> 00:23:33,320 Speaker 12: any huge upsets. 511 00:23:32,840 --> 00:23:33,440 Speaker 6: In this round. 512 00:23:33,480 --> 00:23:36,320 Speaker 12: Of course, Kate Verde came very very close, but as 513 00:23:36,359 --> 00:23:38,480 Speaker 12: the tournament goes on, the titans come out, and when 514 00:23:38,480 --> 00:23:40,720 Speaker 12: the titans come out, that's really what everybody wants to see. 515 00:23:40,760 --> 00:23:43,320 Speaker 12: I can tell you if Argentina would have lost to 516 00:23:43,400 --> 00:23:45,879 Speaker 12: Kate Verda, it would have been the most shocking upset 517 00:23:45,920 --> 00:23:48,320 Speaker 12: in World Cup history. And b there would have been 518 00:23:48,359 --> 00:23:50,560 Speaker 12: a lot of people, probably at Fox who would have 519 00:23:50,560 --> 00:23:52,200 Speaker 12: been upset that Lionel Messi is not going to be 520 00:23:52,240 --> 00:23:54,760 Speaker 12: playing in around the sixteen, the quarterfinals, semifinals and then 521 00:23:54,760 --> 00:23:58,439 Speaker 12: of course the final. So Fox is probably very happy 522 00:23:58,480 --> 00:24:01,520 Speaker 12: that Argentina is going to continue. But it's one of 523 00:24:01,520 --> 00:24:04,919 Speaker 12: those things where FIFA absolutely benefits from having smaller nations 524 00:24:04,920 --> 00:24:06,919 Speaker 12: because these Cinderella stories mean lots of people in the 525 00:24:07,000 --> 00:24:07,920 Speaker 12: nations that they come from. 526 00:24:08,000 --> 00:24:10,239 Speaker 2: But in the final rounds they're probably pretty happy that 527 00:24:10,280 --> 00:24:11,760 Speaker 2: most of the big stars are there. 528 00:24:11,520 --> 00:24:13,840 Speaker 12: In some way, and so I think a good upset 529 00:24:13,880 --> 00:24:18,119 Speaker 12: always galvanizes people. But if you had to ask of course, 530 00:24:18,160 --> 00:24:20,600 Speaker 12: people want to watch and Boppe, they want to watch Ronaldo, 531 00:24:20,600 --> 00:24:22,720 Speaker 12: they want to watch Messi, and so many more continue 532 00:24:22,720 --> 00:24:23,840 Speaker 12: and advance their careers. 533 00:24:23,880 --> 00:24:26,240 Speaker 6: So I'm one of those people too. 534 00:24:26,280 --> 00:24:29,080 Speaker 12: I would hate to see someone And then the narrative 535 00:24:29,080 --> 00:24:31,280 Speaker 12: games take over, where you know, if Messi goes out 536 00:24:31,280 --> 00:24:32,760 Speaker 12: in a round of thirty two, you're gonna be like, oh, 537 00:24:32,760 --> 00:24:35,080 Speaker 12: look Ronaldo. Fans are gonna be like, look, Messi loss 538 00:24:35,080 --> 00:24:37,040 Speaker 12: and Ronaldo goes So it's one of those things where 539 00:24:37,280 --> 00:24:40,880 Speaker 12: it's fun. But of course everybody wanted wants to see 540 00:24:40,880 --> 00:24:41,960 Speaker 12: the stars on the biggest stage. 541 00:24:42,000 --> 00:24:43,760 Speaker 6: You are more fortunate than the two of us. You've 542 00:24:43,800 --> 00:24:44,880 Speaker 6: been to a number of these games. 543 00:24:44,920 --> 00:24:46,080 Speaker 3: And I know in the run up to the World 544 00:24:46,080 --> 00:24:47,680 Speaker 3: Cup there was a lot of concern that because of 545 00:24:47,720 --> 00:24:50,520 Speaker 3: the dynamic ticket pricing, which a lot of people have decried, 546 00:24:51,160 --> 00:24:53,119 Speaker 3: maybe there would be empty seats in the arena, Like, 547 00:24:53,119 --> 00:24:54,399 Speaker 3: who's gonna be able to pay for these Are they 548 00:24:54,400 --> 00:24:56,360 Speaker 3: gonna be able to sell all these seats out? What's 549 00:24:56,400 --> 00:24:59,959 Speaker 3: it been like in the stadium watching these games in pullhouse? 550 00:25:00,040 --> 00:25:02,720 Speaker 3: How much excitement is there? And are there any empty 551 00:25:02,720 --> 00:25:03,679 Speaker 3: seats that the medal The. 552 00:25:04,240 --> 00:25:06,119 Speaker 12: Only seats that I have seen that are empty are 553 00:25:06,160 --> 00:25:10,639 Speaker 12: sometimes suites, which is fascinating effect interesting. But I'm talking 554 00:25:10,720 --> 00:25:12,720 Speaker 12: like the entire stadium is full, and then there will 555 00:25:12,720 --> 00:25:15,199 Speaker 12: be you know, ten twelve seats suites that are empty. 556 00:25:15,280 --> 00:25:18,359 Speaker 12: Outside of that, you're talking about eighty thousand people in 557 00:25:18,440 --> 00:25:22,320 Speaker 12: MetLife stadium in a stadio asteca in Mexico City. So 558 00:25:22,400 --> 00:25:25,080 Speaker 12: FIVA is knowing just fine. They've already broken their attendance record. 559 00:25:25,080 --> 00:25:26,880 Speaker 12: This is the most attended World Cup. They have many 560 00:25:26,920 --> 00:25:29,480 Speaker 12: matches left. I'm sure when it's all said and done. 561 00:25:29,800 --> 00:25:31,440 Speaker 12: I believe there was a match that I was at 562 00:25:31,440 --> 00:25:33,440 Speaker 12: there where they said five million people had gone to 563 00:25:33,480 --> 00:25:35,159 Speaker 12: World Cup matches. When it's all said and done, I 564 00:25:35,160 --> 00:25:36,600 Speaker 12: think that number is probably going to be six and 565 00:25:36,640 --> 00:25:39,320 Speaker 12: a half million people that have attended, and that's a 566 00:25:39,359 --> 00:25:39,879 Speaker 12: huge success. 567 00:25:39,880 --> 00:25:41,240 Speaker 6: You've got a suite. Maybe they want to rude New 568 00:25:41,280 --> 00:25:43,720 Speaker 6: Jersey transit. That's the issue. 569 00:25:44,240 --> 00:25:45,320 Speaker 2: We're happy to do it. If you want to do 570 00:25:45,359 --> 00:25:48,200 Speaker 2: it our site, we'll report on it all right. Who 571 00:25:48,240 --> 00:25:49,240 Speaker 2: is your favorite to win at this? 572 00:25:49,440 --> 00:25:51,439 Speaker 12: I mean you have to go France, you have to go. 573 00:25:51,760 --> 00:25:55,000 Speaker 12: I mean they have just been blasting teams. Yesterday's match 574 00:25:55,200 --> 00:25:58,160 Speaker 12: with Paraguay. I think Paraguay was just playing physical, trying 575 00:25:58,200 --> 00:26:01,360 Speaker 12: to sit physical is one word for it, Yeah, exactly. 576 00:26:02,000 --> 00:26:05,199 Speaker 12: But they have so many, so many stars, and I 577 00:26:05,240 --> 00:26:07,720 Speaker 12: think it's it's really a thing of them, like if 578 00:26:07,720 --> 00:26:11,080 Speaker 12: they play to their top form, then they're going to 579 00:26:11,080 --> 00:26:13,399 Speaker 12: win it all. But there are several contenders that have 580 00:26:13,520 --> 00:26:16,640 Speaker 12: beat them. Spain beat them, and the Euros years ago, 581 00:26:17,359 --> 00:26:20,439 Speaker 12: Argentina beat them in the final four years ago, and 582 00:26:20,480 --> 00:26:22,679 Speaker 12: so I think that they can be beaten. But at 583 00:26:22,720 --> 00:26:25,680 Speaker 12: their highest form, France is one of the greatest teams 584 00:26:25,720 --> 00:26:27,560 Speaker 12: of all time that I've seen. And they have a 585 00:26:27,560 --> 00:26:31,000 Speaker 12: striker in Killing and Bape who's second all time in 586 00:26:31,080 --> 00:26:33,439 Speaker 12: World Cup goals and he's my age, and you know 587 00:26:33,520 --> 00:26:35,920 Speaker 12: Messi is is. I believe he's thirty eight and he's 588 00:26:35,960 --> 00:26:37,680 Speaker 12: the all time. So when it's also done Killing and 589 00:26:38,080 --> 00:26:40,160 Speaker 12: is going to have thirty five goals or something in the. 590 00:26:40,080 --> 00:26:42,720 Speaker 2: French soccer team. It's a very good handbag game. That's 591 00:26:42,760 --> 00:26:47,399 Speaker 2: a very nice designer French bags. Those very around on it. 592 00:26:47,480 --> 00:26:49,560 Speaker 2: They're very good. David, you have an actual question. 593 00:26:49,880 --> 00:26:50,680 Speaker 6: Let's just linger. 594 00:26:50,760 --> 00:26:52,399 Speaker 3: Lastly, we were saying a moment ago, like living in 595 00:26:52,440 --> 00:26:54,240 Speaker 3: New York, you see kind of fans come out of 596 00:26:54,240 --> 00:26:56,160 Speaker 3: the woodwork ton of the still fans, and that's been 597 00:26:56,200 --> 00:26:58,000 Speaker 3: like really fun thing to see. How is this played 598 00:26:58,000 --> 00:27:00,240 Speaker 3: down the economy locally sort of? I mean, yes, there 599 00:27:00,280 --> 00:27:02,680 Speaker 3: are folks who are paying up and going to the stadium, 600 00:27:02,720 --> 00:27:04,239 Speaker 3: but it really has been kind of a boon for 601 00:27:04,480 --> 00:27:05,800 Speaker 3: people in New York bars and rest. 602 00:27:05,840 --> 00:27:06,000 Speaker 2: Yeah. 603 00:27:06,240 --> 00:27:09,200 Speaker 12: I mean, if you think about this conversation months ago, 604 00:27:09,359 --> 00:27:11,919 Speaker 12: the concern was around if ice would be at some 605 00:27:12,040 --> 00:27:14,600 Speaker 12: of these matches, if they would be anybody was gonna comet, right, 606 00:27:14,640 --> 00:27:16,560 Speaker 12: if anybody, if people were scared. It has not been 607 00:27:16,600 --> 00:27:18,320 Speaker 12: like that at all. There has been I have not 608 00:27:18,359 --> 00:27:22,080 Speaker 12: seen that many stories of police presidence, of federal presence 609 00:27:22,119 --> 00:27:22,880 Speaker 12: around stadiums. 610 00:27:22,920 --> 00:27:24,879 Speaker 6: At the watch parties, people are having a ball. I 611 00:27:24,960 --> 00:27:26,040 Speaker 6: went to the Timeout. 612 00:27:25,680 --> 00:27:28,240 Speaker 12: Market where the Portugal house is at and they celebrate 613 00:27:28,320 --> 00:27:30,639 Speaker 12: like they're there and at the stadium. And so with 614 00:27:30,680 --> 00:27:33,639 Speaker 12: that in mind, FIFA considers this a tremendous success. I 615 00:27:33,640 --> 00:27:35,960 Speaker 12: think the US considers this a tremendous success, and of 616 00:27:35,960 --> 00:27:39,119 Speaker 12: course our neighboring countries Mexico and Canada do as well, 617 00:27:39,359 --> 00:27:41,720 Speaker 12: just because the amount of tourism that they're bringing, and 618 00:27:41,760 --> 00:27:44,680 Speaker 12: that tourism is evidently going to mean hundreds of millions 619 00:27:44,680 --> 00:27:47,480 Speaker 12: of dollars in economic impact. People are coming here and 620 00:27:47,520 --> 00:27:49,560 Speaker 12: having a good time. They're trying the food. People are 621 00:27:49,560 --> 00:27:52,240 Speaker 12: tiktoking about it and saying I love New York pizza 622 00:27:52,320 --> 00:27:55,080 Speaker 12: and so many other things. So it's been a huge success, 623 00:27:55,080 --> 00:27:57,320 Speaker 12: and I would not be surprised if the World Cup 624 00:27:57,400 --> 00:27:59,240 Speaker 12: is back here in the next fifteen months. 625 00:27:59,320 --> 00:28:01,960 Speaker 2: It's been a little you know, July people. 626 00:28:01,800 --> 00:28:02,480 Speaker 6: Going to BUCkies. 627 00:28:03,760 --> 00:28:06,000 Speaker 2: That has been the big free one should go to BUCkies. 628 00:28:06,040 --> 00:28:07,879 Speaker 2: How that I haven't seen the BUCkies people. 629 00:28:07,960 --> 00:28:10,120 Speaker 12: People are going to BUCkies and they're like, what is 630 00:28:10,200 --> 00:28:11,760 Speaker 12: this magnificent place? 631 00:28:11,800 --> 00:28:12,880 Speaker 6: And they're having a good time. 632 00:28:13,240 --> 00:28:15,840 Speaker 2: The European mind truly cannot comprehended the Buggies. 633 00:28:15,920 --> 00:28:16,240 Speaker 7: I think. 634 00:28:16,359 --> 00:28:17,880 Speaker 2: All right, Randall, thank you so much. 635 00:28:18,160 --> 00:28:18,439 Speaker 6: Thank you. 636 00:28:18,760 --> 00:28:20,280 Speaker 3: Great to see you in the game coming up here. 637 00:28:20,359 --> 00:28:22,680 Speaker 3: Just uh you'll be watching it, I assume, yeah, well. 638 00:28:22,520 --> 00:28:24,280 Speaker 2: You know, Randal'll get some extra seats you could share. 639 00:28:25,000 --> 00:28:25,359 Speaker 6: But we did. 640 00:28:25,560 --> 00:28:26,840 Speaker 2: We did make it work on a Sunday, so I 641 00:28:26,880 --> 00:28:27,919 Speaker 2: don't know for in his good books. 642 00:28:29,280 --> 00:28:32,920 Speaker 4: Stay with us for more on Bloomberg this weekend. Right 643 00:28:32,960 --> 00:28:45,320 Speaker 4: after this, Oh. 644 00:28:45,160 --> 00:28:47,560 Speaker 3: It's that time for this weekend's point of news quiz 645 00:28:47,680 --> 00:28:48,800 Speaker 3: The One and only Lives to Matteo. 646 00:28:49,000 --> 00:28:53,120 Speaker 6: Here to assess our knowledge of the biggest story is winning. 647 00:28:53,160 --> 00:28:56,280 Speaker 2: I feel like we're pretty evenly splitted. I think yes, 648 00:28:56,720 --> 00:28:58,200 Speaker 2: had a couple of ties, and then I've had a 649 00:28:58,200 --> 00:28:58,960 Speaker 2: couple of losses. 650 00:28:59,240 --> 00:29:01,160 Speaker 6: Mislead the audio into thinking that we're tired. 651 00:29:01,680 --> 00:29:04,440 Speaker 4: You you thought you were going to escape this quick 652 00:29:04,600 --> 00:29:06,720 Speaker 4: I did for the weekend. 653 00:29:06,840 --> 00:29:10,640 Speaker 2: I thought we gotta surely since we were on the boat. 654 00:29:10,800 --> 00:29:14,200 Speaker 4: Okay, never never, Okay, play along at home if you can. 655 00:29:14,760 --> 00:29:17,040 Speaker 4: So here's how it works. They have thirty chips in 656 00:29:17,040 --> 00:29:18,960 Speaker 4: front of them. Okay, They're going to place their bets 657 00:29:18,960 --> 00:29:21,280 Speaker 4: on each of three categories. 658 00:29:21,640 --> 00:29:24,000 Speaker 6: Are you ready for your or the categories? Okay? 659 00:29:24,080 --> 00:29:26,120 Speaker 2: So the first one is food and beverage. 660 00:29:25,760 --> 00:29:27,600 Speaker 6: Wonderful, okay, the theme of the show. 661 00:29:28,560 --> 00:29:35,080 Speaker 4: It has disclosures in disclosures, and three is movies. Okay, okay, 662 00:29:35,240 --> 00:29:37,280 Speaker 4: So now think about it. How do you want to 663 00:29:37,320 --> 00:29:39,680 Speaker 4: wage your bets? Are you putting it all on the 664 00:29:39,720 --> 00:29:41,160 Speaker 4: first category. 665 00:29:44,240 --> 00:29:48,040 Speaker 6: Disclosures. I'm going to leave that disclosures. 666 00:29:48,160 --> 00:29:49,320 Speaker 4: You know you're going even across the. 667 00:29:51,080 --> 00:29:52,760 Speaker 6: We don't even have to lay out the chips anymore. 668 00:29:52,840 --> 00:29:57,720 Speaker 4: We can just like keep it what what's feeling confident? 669 00:29:58,040 --> 00:29:59,320 Speaker 2: Like the food and beverage. 670 00:29:59,520 --> 00:30:01,400 Speaker 4: I don't know if you might get this, but let's see. Okay, 671 00:30:01,440 --> 00:30:05,280 Speaker 4: So here we go, food and bevernos, Belgium's all the things. 672 00:30:05,280 --> 00:30:09,200 Speaker 4: Belgium's lotus. Bakeries Okay, is seeing shares up forty nine 673 00:30:09,240 --> 00:30:12,480 Speaker 4: percent year to date, largely powered by the sales of 674 00:30:12,600 --> 00:30:16,800 Speaker 4: which airline snacks. So it's something you get for your 675 00:30:16,840 --> 00:30:17,960 Speaker 4: snacks on an airline. 676 00:30:18,160 --> 00:30:21,320 Speaker 2: I know what and it's moving. I think I think bakeries. 677 00:30:21,880 --> 00:30:24,400 Speaker 2: What is the name of this said snack? 678 00:30:24,720 --> 00:30:27,400 Speaker 6: Okay, you wrote it pretty quick? Yeah, okay, I wrote. 679 00:30:28,120 --> 00:30:33,400 Speaker 2: I also wrote you both got it right, and that's me. 680 00:30:34,760 --> 00:30:38,120 Speaker 4: Delta Airlines has Delta always, Belgia has miscast. 681 00:30:38,360 --> 00:30:40,000 Speaker 3: My mom's birthday a couple of days ago, my brother 682 00:30:40,040 --> 00:30:41,040 Speaker 3: made a bisc off cake. 683 00:30:41,840 --> 00:30:44,200 Speaker 6: I wasn't there to taste it. 684 00:30:44,240 --> 00:30:48,720 Speaker 3: I was here broadcasting for you fine coasts this weekend. 685 00:30:49,040 --> 00:30:50,400 Speaker 6: But I will get the update on that. 686 00:30:50,720 --> 00:30:51,080 Speaker 2: You will. 687 00:30:51,080 --> 00:30:54,240 Speaker 4: And there's also there's a TikTok recipe for no baked 688 00:30:54,360 --> 00:30:57,560 Speaker 4: Japanese cheesecake that has gone viral and that's kind of 689 00:30:57,640 --> 00:31:01,360 Speaker 4: leading to it too crust, so it's made with that 690 00:31:01,520 --> 00:31:02,560 Speaker 4: and Greek yogurt. 691 00:31:02,640 --> 00:31:05,480 Speaker 2: Oh that sounds pretty good. I know I love those. 692 00:31:05,520 --> 00:31:06,560 Speaker 2: They're great in coffee. 693 00:31:06,600 --> 00:31:06,760 Speaker 11: There. 694 00:31:06,760 --> 00:31:09,200 Speaker 2: I was once nice to a flight attendant. Well, I'm 695 00:31:09,200 --> 00:31:09,760 Speaker 2: always nice to. 696 00:31:09,760 --> 00:31:14,400 Speaker 6: Fly, very nice, and clipped that Christine, saying I was 697 00:31:14,400 --> 00:31:15,000 Speaker 6: once nice to it. 698 00:31:16,680 --> 00:31:19,000 Speaker 2: Anyway, she literally went in the back and just handed 699 00:31:19,000 --> 00:31:21,040 Speaker 2: me like a month's supply of viscous and shoved them 700 00:31:21,040 --> 00:31:22,080 Speaker 2: in my carry. 701 00:31:22,120 --> 00:31:23,720 Speaker 6: One would have been very amused to see that. 702 00:31:23,880 --> 00:31:26,320 Speaker 2: It's very grateful. It was awesome. All right, Lisa, all. 703 00:31:26,320 --> 00:31:29,280 Speaker 4: Right, disclosures, disclosures, we go. 704 00:31:31,200 --> 00:31:31,760 Speaker 9: To catch up? 705 00:31:32,040 --> 00:31:33,200 Speaker 2: Okay, here we go. 706 00:31:33,400 --> 00:31:39,240 Speaker 4: Will President Trump's financial disclosure encoded free World Cup and 707 00:31:39,440 --> 00:31:44,000 Speaker 4: Super Bowl tickets? But which US Open sponsor hosted him? 708 00:31:44,040 --> 00:31:46,680 Speaker 4: And I'm talking about US Open tennis, not golf. 709 00:31:46,960 --> 00:31:47,640 Speaker 2: Yes, tennis. 710 00:31:47,760 --> 00:31:48,920 Speaker 6: We know you like golf more. 711 00:31:49,560 --> 00:31:52,800 Speaker 2: You have to have that big ring that also came 712 00:31:52,840 --> 00:31:55,000 Speaker 2: to the US Open Swans, Yes. 713 00:31:55,400 --> 00:31:57,160 Speaker 4: Which US Open sponsor? 714 00:31:57,640 --> 00:31:57,880 Speaker 7: Wow? 715 00:31:58,200 --> 00:32:01,960 Speaker 6: Okay, is it in Trump? He was there? Was he there? 716 00:32:03,120 --> 00:32:03,320 Speaker 5: Yeah? 717 00:32:03,480 --> 00:32:03,920 Speaker 11: I think so. 718 00:32:04,160 --> 00:32:05,960 Speaker 6: I can't remember when you have you got? 719 00:32:07,000 --> 00:32:07,240 Speaker 11: I have. 720 00:32:07,560 --> 00:32:09,480 Speaker 4: I've done like the previews, but I haven't gone to 721 00:32:09,600 --> 00:32:11,920 Speaker 4: enjoy the full experience. Yeah, I want to. 722 00:32:12,040 --> 00:32:13,480 Speaker 6: I'm just not killing time. 723 00:32:13,480 --> 00:32:17,400 Speaker 2: I'm just tennis. It's fine, I'm not getting it, all right? 724 00:32:17,640 --> 00:32:17,959 Speaker 7: All right? 725 00:32:18,000 --> 00:32:21,160 Speaker 2: Are you ready to name the company? Rolex Bank of 726 00:32:21,200 --> 00:32:23,400 Speaker 2: America Rolex David go. 727 00:32:27,960 --> 00:32:31,960 Speaker 4: But yes, they gifted up a luxury box for last year's. 728 00:32:31,960 --> 00:32:32,800 Speaker 6: Get these too, right? 729 00:32:32,880 --> 00:32:37,800 Speaker 4: You got that role right way, Rubby Little Media to 730 00:32:37,880 --> 00:32:38,560 Speaker 4: give those to me. 731 00:32:38,760 --> 00:32:41,840 Speaker 2: Okay, all right, well, David Gera in the league. 732 00:32:41,960 --> 00:32:42,400 Speaker 6: Let's see. 733 00:32:42,480 --> 00:32:45,880 Speaker 2: Let's see let me look at me ten to twenty. 734 00:32:46,160 --> 00:32:48,600 Speaker 4: Okay, here we go, movies, this is where you're going 735 00:32:48,680 --> 00:32:49,000 Speaker 4: to make up. 736 00:32:49,600 --> 00:32:50,680 Speaker 6: Okay, here we go. 737 00:32:50,960 --> 00:32:51,200 Speaker 2: Okay. 738 00:32:51,520 --> 00:32:55,320 Speaker 4: Neon will distribute a movie about Open Ai, which the 739 00:32:55,440 --> 00:33:02,680 Speaker 4: Social Network actor will play Sam Altman. I'll give you, 740 00:33:02,800 --> 00:33:03,600 Speaker 4: can I give you a hint? 741 00:33:08,320 --> 00:33:10,360 Speaker 6: I wouldn't give her be interesting in this movie. 742 00:33:10,400 --> 00:33:12,640 Speaker 3: I don't know which book it's who's reporting it's based on, 743 00:33:12,800 --> 00:33:14,600 Speaker 3: but interesting to see. 744 00:33:14,760 --> 00:33:15,960 Speaker 2: All right, let's see if you got it? 745 00:33:16,320 --> 00:33:16,560 Speaker 6: Jesse. 746 00:33:17,000 --> 00:33:22,640 Speaker 2: Oh no, I said Garfield. Yes, I was gonna say 747 00:33:22,720 --> 00:33:24,840 Speaker 2: from who kind of looks like him? 748 00:33:24,920 --> 00:33:25,040 Speaker 11: Right? 749 00:33:27,880 --> 00:33:33,400 Speaker 2: Look at that Hubris. Let me tell you no, No, 750 00:33:33,560 --> 00:33:36,120 Speaker 2: I take them. I take them, but David always takes mine. 751 00:33:36,240 --> 00:33:37,040 Speaker 11: Can I just have this. 752 00:33:39,200 --> 00:33:39,320 Speaker 7: Right? 753 00:33:39,360 --> 00:33:40,680 Speaker 6: But you know we do have guys. 754 00:33:42,480 --> 00:33:46,560 Speaker 4: Okay, already, this one is fashion I can come back 755 00:33:46,680 --> 00:33:46,880 Speaker 4: for this. 756 00:33:47,560 --> 00:33:48,000 Speaker 7: Here we go. 757 00:33:48,560 --> 00:33:51,240 Speaker 2: I think she's gonna get it. Okay, here it is which. 758 00:33:51,440 --> 00:33:55,920 Speaker 4: Fashion house may expand to furniture and hotel stays following 759 00:33:55,960 --> 00:33:59,160 Speaker 4: the death of its founder in September. So think about it. 760 00:34:00,000 --> 00:34:03,520 Speaker 2: Passed a way back and Subti a big fashion icon. 761 00:34:05,320 --> 00:34:06,240 Speaker 4: And now they're expanding. 762 00:34:06,600 --> 00:34:08,400 Speaker 2: This is wrong in hotels days. 763 00:34:09,960 --> 00:34:12,600 Speaker 4: Come on, you know what this is. 764 00:34:12,600 --> 00:34:13,720 Speaker 2: Wrong, but I'm doing it anyway. 765 00:34:13,719 --> 00:34:16,879 Speaker 6: I'm too, is okay? Okay, David? 766 00:34:16,880 --> 00:34:17,319 Speaker 10: What do you got? 767 00:34:19,200 --> 00:34:23,520 Speaker 2: No Jorjiomania? 768 00:34:24,080 --> 00:34:27,200 Speaker 6: Right, So they're thinking about here on set today, which 769 00:34:27,239 --> 00:34:27,960 Speaker 6: is a nice. 770 00:34:28,040 --> 00:34:31,839 Speaker 2: We are a good way to end the weekend. All right, guys, 771 00:34:31,880 --> 00:34:33,640 Speaker 2: we're all equal here at pointed. 772 00:34:33,719 --> 00:34:37,160 Speaker 4: Yes play a Bloomberg dot Com slash pointed and also 773 00:34:37,239 --> 00:34:38,440 Speaker 4: on the Bloomberg Business app. 774 00:34:38,600 --> 00:34:42,920 Speaker 2: You can play too. Thanks for joining us on today's 775 00:34:42,920 --> 00:34:45,879 Speaker 2: Bloomberg This Weekend podcast. Don't forget to tune in live 776 00:34:46,000 --> 00:34:48,520 Speaker 2: for the show every Saturday and Sunday morning, starting at 777 00:34:48,560 --> 00:34:49,000 Speaker 2: seven a m. 778 00:34:49,080 --> 00:34:49,400 Speaker 6: Eastern. 779 00:34:49,520 --> 00:34:52,480 Speaker 3: We're on Bloomberg Television Radio and the Bloomberg Business App, 780 00:34:52,640 --> 00:34:56,759 Speaker 3: bringing you unique takes and in depth interviews on news, politics, lifestyle, 781 00:34:56,880 --> 00:34:57,400 Speaker 3: and culture.