WEBVTT - Coaching Legend Bolletieri: No Room For Any Weaknesses (Audio)

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<v Speaker 1>You know, broadcasting live to New York, Bloomberg eleven, Rio

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<v Speaker 1>to Washington, d C, Bloomberg to Boston, Bloomberg twelve, Wonders

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<v Speaker 1>to San Francisco, Bloomberg nine six to the country as

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<v Speaker 1>soon as exam General one nineteen and around the globe

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<v Speaker 1>the Bloomberg Radio Plus athen Boomberg dot com. This is

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<v Speaker 1>taking stock. I'm Kathleen Hayes, alive today at the US

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<v Speaker 1>Tennis Open, sitting across from ambergnall be talking to shortly.

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<v Speaker 1>He rose from a humble family in Pellham, New York,

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<v Speaker 1>a local boy, I should say, uh immigrant Italian parents,

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<v Speaker 1>served in the US military, and has risen to be

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<v Speaker 1>one of the most influential people in the game of tennis,

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<v Speaker 1>tennis coach who has worked with the likes of Andre Agassi,

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<v Speaker 1>Jim Courier, Monica sells a Tennis Hall of Famer. Yes,

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<v Speaker 1>Nick Bulletier, he joins us every year here at the

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<v Speaker 1>but and I'm very pleased we're gonna be speaking to

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<v Speaker 1>him again in just a moment. Now we're speaking to

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<v Speaker 1>Charlie Pellatty's in our Bloomberg newsroom or with a Bloomberg

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<v Speaker 1>Business flash. And I thank you very much, Kathleen Hayes

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<v Speaker 1>following the market story on this first trading day of September,

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<v Speaker 1>looking at a mixed picture right now. We've got the

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<v Speaker 1>Dow in SMP both trading. Laura Nastak is higher treasuries climbing,

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<v Speaker 1>the dollar falling is unexpected. Malaise in manufacturing has traders

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<v Speaker 1>trimming wagers at the Federal Reserve will boost interest rates.

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<v Speaker 1>This month, crude oil declined below forty four dollars a

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<v Speaker 1>barrel after US government data showed crude stockpiles at the

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<v Speaker 1>highest seasonal level in more than two decades. West Texas

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<v Speaker 1>Intermediate CREWD down three point two percent today, dropping a

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<v Speaker 1>dollar forty to a barrel to forty three dollars and

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<v Speaker 1>twenty eight cents. Brent is down two point seven percent,

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<v Speaker 1>Gold up five seventy The ounce thirteen again, there of

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<v Speaker 1>four tenths of one percent, the tenure of three thirty seconds,

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<v Speaker 1>with the yield of one point five seven percent. Apple

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<v Speaker 1>CEO Tim Cook says he is confident the company will

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<v Speaker 1>win a court fight over its tax arrangement with Ireland.

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<v Speaker 1>I have face that eventually what is just and right

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<v Speaker 1>will occur, and I don't I don't believe the journey

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<v Speaker 1>to get there will will will be all roses. By

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<v Speaker 1>any means I think will there would be absent flows

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<v Speaker 1>up it. Cook was interviewed by Irish broadcaster RTE. Apple

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<v Speaker 1>shares up three tents of one percent now at one

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<v Speaker 1>oh sixty two. Again, the SMP down four to a

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<v Speaker 1>drop of two tents of one percent two on Wall Street. Now,

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<v Speaker 1>let's look at other news from around the world. Thank you,

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<v Speaker 1>Charlie from the Bloomberg News room. I'm Jill Schneider. This

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<v Speaker 1>news update is brought to you by Blue Jeans Prime Time.

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<v Speaker 1>All Hands meetings are for the people in the room.

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<v Speaker 1>Blue Jeans Prime Time brings everyone face to face over video.

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<v Speaker 1>Go to blue Jeans dot com click the radio to

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<v Speaker 1>get Primetime free for your next all hands. Her Mean

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<v Speaker 1>is now a hurricane. The National Weather Service says the

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<v Speaker 1>storm continues to move towards the Florida Panhandle. It's expected

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<v Speaker 1>to make landfall there late tonight or tomorrow. It was

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<v Speaker 1>a violent month in Chicago, the deadliest month, in fact,

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<v Speaker 1>that the city has seen in two decades. Police Superintendent

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<v Speaker 1>Eddie Johnson says the city needs tougher gun laws to

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<v Speaker 1>keep people caught with illegal weapons behind bars. It's the

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<v Speaker 1>same individuals committing these crimes this year to date. Of

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<v Speaker 1>the non fatal fatal gunshot victims are own will be

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<v Speaker 1>caused strategic subject lists. Those are individuals that are choosing

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<v Speaker 1>this lifestyle. There were ninety murders and more than four

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<v Speaker 1>hundred seventy shooting victims in Chicago last month. The US

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<v Speaker 1>met its goal of admitting ten thousand Syrian refugees, about

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<v Speaker 1>a month ahead of schedule, with the bulk of the

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<v Speaker 1>group settling in San Diego. David Murphy, executive director of

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<v Speaker 1>the International Rescue Committee San Diego office, says many are

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<v Speaker 1>simply hoping to start over coming to San Diego with

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<v Speaker 1>to begin a new chapter in their life. They are traumatized,

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<v Speaker 1>they have been through a lot. A New jerseyman is

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<v Speaker 1>facing charges after authorities say he racked up more than

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<v Speaker 1>twenty thousand dollars in easy past holes and fees. The

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<v Speaker 1>Port Authority of New York and New Jersey says forty

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<v Speaker 1>two year old LeVert Calledwell the Third, was stopped after

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<v Speaker 1>failing to post a payment in a Staten Island toll lane.

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<v Speaker 1>Earlier this week, Global News twenty four hours a day,

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<v Speaker 1>powered by more than journalists and analysts in more than

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<v Speaker 1>one twenty countries. I'm Jill Schneider. This is Bloomberg, Charlie,

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<v Speaker 1>and we thank you and again recapping a mixed picture

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<v Speaker 1>for US equities. We've got the Dallin SMP lower, nazdak

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<v Speaker 1>is higher, SMP five hundred index down four to sixty six,

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<v Speaker 1>the drop there of two tenths of one percent. I'm

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<v Speaker 1>Charlie Pellett and that sub bloom Bird business flash you're

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<v Speaker 1>listening to taking Stock with Kathleen Hayes and Pim Fox

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<v Speaker 1>on Bloomberg Radio live at the US Open here in

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<v Speaker 1>Fleshing Meadow, Corona Park, Queens. I'm Kathleen Hayes Pim Fox

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<v Speaker 1>vacation this week, but you know I'm not even noticing

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<v Speaker 1>because I have a tennis legend sitting down with me

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<v Speaker 1>now to talk about the passion and the business of

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<v Speaker 1>training champions. Nick Bolletary almost needs no introduction, the founder

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<v Speaker 1>of the famous IMG Tennis Academy down in Florida. Uh.

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<v Speaker 1>He is a man who has worked with Andrea Augustly,

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<v Speaker 1>Monica Sellis and so many many more. Nick, welcome back

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<v Speaker 1>to the show. Well, I always look forward to this

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<v Speaker 1>and I'm trying to get a tip power to make

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<v Speaker 1>you a little bit more money without having to be

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<v Speaker 1>on the tennis cod Well, then you just got to

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<v Speaker 1>listen to taking stock every single day on Bloomberg Gradio

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<v Speaker 1>and I'm sure you'll pick up more than enough ideas.

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<v Speaker 1>In terms of your work over the years, how has

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<v Speaker 1>it changed in the sense of was it different when

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<v Speaker 1>you first started out, what you coached people on, how

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<v Speaker 1>you have how you had to work with them, compared

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<v Speaker 1>to where it is now. Seems like every sport the

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<v Speaker 1>level of play has escalated, and there's a reason why

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<v Speaker 1>all this bots to become more physical physical physically, yes,

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<v Speaker 1>you can have talent, but you also have to be

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<v Speaker 1>physically strong, mentally strong, and then have a team. You

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<v Speaker 1>need a team. But the game has changed because equipment

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<v Speaker 1>has changed the whole outlook. Twenty years ago, you can

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<v Speaker 1>get away with a weakness Today, you can't get away

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<v Speaker 1>with weakness two shots that they thought were taboo to

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<v Speaker 1>drop shot, swinging volley of two big weapons today. But

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<v Speaker 1>to be a top professional you cannot have a weakness.

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<v Speaker 1>This is why Djokovic sort of fits in the category.

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<v Speaker 1>He does everything extremely well, but you cannot have a

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<v Speaker 1>weakness in professional damnis today. Well, that's your job then,

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<v Speaker 1>to make sure that from the the youngest ages kids

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<v Speaker 1>are strong, kids have their basics. Else, one of my

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<v Speaker 1>colleagues here on a Bloomberg Radio team has a needs

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<v Speaker 1>in Israel who at the age of nine is already

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<v Speaker 1>training four hours a day. I don't know whether that's

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<v Speaker 1>right though. If you look at Richard Williams, he trained

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<v Speaker 1>his daughters, did not let them play any tune into

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<v Speaker 1>the thirteen and fourteen years old. Oh, Serena and Venus

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<v Speaker 1>is dad, that's great friend of mine. Remember that, Jimmy

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<v Speaker 1>Connors said many years ago. It's not the quantity of practice,

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<v Speaker 1>is the quality of practice. So just because you put

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<v Speaker 1>in four to six hours a day, that doesn't mean

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<v Speaker 1>you're going to reach higher levels. It's constructive practice. And

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<v Speaker 1>at eight years old, the bones tissues have not grown together.

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<v Speaker 1>You have to be very, very careful. So what kind

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<v Speaker 1>of investment does a parent have to assume they're going

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<v Speaker 1>to make if they have a kid who that you

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<v Speaker 1>know that you give me a tennis racket as a

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<v Speaker 1>as a little one, and they swing it and they

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<v Speaker 1>love it, and you see the talent and you you

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<v Speaker 1>want to invest in that kids talent? How investment is it?

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<v Speaker 1>Why is America lacked in in top players in the

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<v Speaker 1>last few years. But right now Martin Blackman and the

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<v Speaker 1>U s c A. But Katrina Adams, they have a

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<v Speaker 1>great group of youngsters coming up. It's expensive here when

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<v Speaker 1>I was at when I started in the Qulitary Tennis Academy.

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<v Speaker 1>Now the i MG WE scholarship a lot of people

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<v Speaker 1>tennis is very, very expensive. That's why the U s

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<v Speaker 1>c A is helping them. I MG helps certain players

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<v Speaker 1>the course today for youngsters saying they're not gonna go

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<v Speaker 1>to college, but they're going to go out and tour

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<v Speaker 1>with a coach, playing twenty ten thousand dollar events, one

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<v Speaker 1>hundred and fifty thousand dollars. Today's sponsor is not like

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<v Speaker 1>they used to be. You played his racket, you play

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<v Speaker 1>his clothes. You're very selective today. You'll have to be

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<v Speaker 1>in the top seventy or eighty of the world to

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<v Speaker 1>make some money. It's not that easy there. Okay. On

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<v Speaker 1>the men's side, gotta ask you. We've got no vot Djokovic,

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<v Speaker 1>We've got Andy Murray, rof Nadal's playing off the well

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<v Speaker 1>for guys knees have been so beaten up. And watch

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<v Speaker 1>out there for that man down from Brazil there, I

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<v Speaker 1>mean the big del Portro. And look at Chilick. Last

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<v Speaker 1>year at the US Open, played two of the greatest

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<v Speaker 1>semifinals and finals in the history of the Open. You

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<v Speaker 1>want to sleep for a year, But he's awake now

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<v Speaker 1>he's off the charts. How he's playing Grigary's themed. You

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<v Speaker 1>have a lot of good place Kanishikori, but right now

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<v Speaker 1>Djokovic and Murray probably have to be considered the favorites.

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<v Speaker 1>Pas Thrina Williams, she's playing. I saw a practice today.

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<v Speaker 1>I waved to her. She has an outstanding coach Patrick.

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<v Speaker 1>She's needs to be healthy again. And if she plays

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<v Speaker 1>like she did coming out in that first round she

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<v Speaker 1>was on fire. She will break Steffie's ranking. So who

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<v Speaker 1>could beat her among the women? Who would you say

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<v Speaker 1>she better watch out for? You know, in today's you

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<v Speaker 1>cannot say the top dogs will win. You have the

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<v Speaker 1>rabbits and the ladies have Gerbert Muca, rose Halle have

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<v Speaker 1>several good players that if the top dogs let up

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<v Speaker 1>just a little bit, they could be beaten there well,

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<v Speaker 1>and maybe if they had a coach like Nick Bolletary unstoppable.

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<v Speaker 1>Thank you so much. And by the way, I have

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<v Speaker 1>a new site called nick voluntary dot Com. It's ten

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<v Speaker 1>dollars for the whole year. How to greet your children,

0:10:50.200 --> 0:10:52.800
<v Speaker 1>how to play high school tennis, how to go to college.

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<v Speaker 1>God bless everybody. I'm Kathleen his This is Bloomberg coming

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<v Speaker 1>up as we continue our live coverage at the US

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<v Speaker 1>Open here in Flushy Middle Corona Park, Queens. An Abbott

0:11:08.400 --> 0:11:12.559
<v Speaker 1>tennis fan, a bond expert, John Musseu from Cumberland Advisors

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<v Speaker 1>on Bloomberg Radio