WEBVTT - Government Shutdown Talks Stall; Autoworkers Could Strike More Plants

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<v Speaker 1>Good morning.

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<v Speaker 2>I'm Nathan Hager and I'm Karen Moscow. Here are the

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<v Speaker 2>stories we're following today.

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<v Speaker 3>Karen, we wrap a week of central bank decisions, with

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<v Speaker 3>the latest coming overnight from the Bank of Japan. The

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<v Speaker 3>BOJ held interest rates, its tenure yield target, and forward

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<v Speaker 3>guidance unchanged. BOJ Governor Kazua Awaita says the central bank

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<v Speaker 3>will consider a policy shift if the bank's inflation goal

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<v Speaker 3>comes into site.

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<v Speaker 4>We are not yet in a situation where we can

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<v Speaker 4>see sustained and stable inflation of two percent accompanied by

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<v Speaker 4>wage increases, so we will patiently continue with monetary easing

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<v Speaker 4>under the current framework. After that, if we are in

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<v Speaker 4>a position to achieve the goal, we will consider scrapping

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<v Speaker 4>YCC and modifying the negative interest rate.

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<v Speaker 3>BOJ Governor Kazua Awaita spoke through an interpreter at a

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<v Speaker 3>news conference in Tokyo. US futures rose after the decision.

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<v Speaker 3>While the EN weekend and checking the EN right now,

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<v Speaker 3>it is at one forty eight point three zero against

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<v Speaker 3>the dollar, well back in.

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<v Speaker 2>The US Nathan ten year yields about four and a

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<v Speaker 2>half percent for the first time since two thousand and seven.

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<v Speaker 2>It comes after the Fetter Reserve signaled this week it

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<v Speaker 2>intends to keep rates higher for longer.

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<v Speaker 4>Fedchier J.

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<v Speaker 2>Powell says a soft landing for the US economy is

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<v Speaker 2>still possible, but former Treasury Secretary Larry Summers is not

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<v Speaker 2>so optimistic.

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<v Speaker 5>It's possible that we will have the proverbial soft landing,

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<v Speaker 5>but I think the risks that inflation will be worse

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<v Speaker 5>than what they say are very real.

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<v Speaker 2>And Larry Summers made those comments on the latest episode

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<v Speaker 2>of Bloomberg's Wall Street We You can hear the full

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<v Speaker 2>conversation tonight at six pm Wall Street Time on Bloomberg

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<v Speaker 2>Radio and Television, or streamed live on Bloomberg dot Com.

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<v Speaker 3>In the UK, Karen, we got a pause in rate

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<v Speaker 3>hikes from the Bank of England after fourteen straight increases.

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<v Speaker 3>Chancellor of the Exchequer Jeremy Hunt spoke to Bloomberg after

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<v Speaker 3>the decision, saying he hopes it marks an end to

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<v Speaker 3>rate hikes.

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<v Speaker 6>I hope it is, but obviously you have to leave

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<v Speaker 6>it to the experts in the Bank of England to

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<v Speaker 6>make the final decision. But I think both of the

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<v Speaker 6>UK and the US, what you can see is that

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<v Speaker 6>if you take corrective action and if you stay the course,

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<v Speaker 6>you can get inflation down and in both our countries

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<v Speaker 6>it's definitely petd Uk.

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<v Speaker 3>Chancellor of the Exchequer Jeremy Hunt also discussed having dialogue

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<v Speaker 3>with China about artificial intelligence. You can get the full

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<v Speaker 3>conversation on the Bloomberg Talks podcast. Download that wherever you

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<v Speaker 3>get your podcasts.

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<v Speaker 2>Onlyabor disputes in the US also in focus this morning,

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<v Speaker 2>Nathan as the autoworkers strike in Detroit could ramp up today.

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<v Speaker 2>On Bloomberg's Ed Corey joins us from Detroit with the details.

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<v Speaker 7>Nearly thirteen thousand UAW members have been on strike at

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<v Speaker 7>General Motors pick Up planned in Missouri, parts of a

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<v Speaker 7>Ford plant in Michigan, and is Stlanta's jeep plant at Ohio

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<v Speaker 7>since last Friday. The union has said the walkout could

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<v Speaker 7>spread to new facilities as soon as today. If no

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<v Speaker 7>progress is made, the work stoppage could increase disruptions to

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<v Speaker 7>an industry that makes up about three percent of the

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<v Speaker 7>nation's gross domestic product. In Detroit, Ed Corey Bloomberg Radio.

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<v Speaker 3>Okay, thank you. Meanwhile, the US economy could sue and

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<v Speaker 3>feel the impact of a government shutdown negotiations are at

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<v Speaker 3>a standstill. House Speaker Kevin McCarthy sent lawmakers home for

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<v Speaker 3>the weekend after his latest funding proposal got blocked, Bloomberg said.

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<v Speaker 3>Baxter joins us.

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<v Speaker 8>With that McCarthy's efforts to get a government funding bill

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<v Speaker 8>have blown up as he got ambushed by two ultra conservatives,

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<v Speaker 8>Eli Crane and once loyal supporter Marjorie Taylor Green.

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<v Speaker 2>I've been very clear about take the Ukraine money out

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<v Speaker 2>of the defense bill and put it in a separate

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<v Speaker 2>funding bill so that members like me can vote.

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<v Speaker 8>Know and others can vote yes if they want. McCarthy says,

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<v Speaker 8>still time.

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<v Speaker 4>I know it's not pretty, but this country's too great

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<v Speaker 4>to quit on.

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<v Speaker 8>Nine days with three off now, and the Senate also

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<v Speaker 8>would need to do something. I'm ed Baxter, Bloomberg.

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<v Speaker 2>Radio, all right, and thank you well. Taking a look

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<v Speaker 2>at company news now, Microsoft got a huge boost in

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<v Speaker 2>its attempt to clear its final global regulatory hurdle to

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<v Speaker 2>acquire Activision Blizzard, and Bloomberg's John Tucker joins us with

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<v Speaker 2>that story.

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<v Speaker 9>John, good morning, Yeah, Karen, Competition authorities in the UK

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<v Speaker 9>signal it's game on. It's a pretty stunning turnaround for

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<v Speaker 9>a deal that was once thought dead hand to running

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<v Speaker 9>up against concerns from the antitrust regulators. So why the

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<v Speaker 9>change of heart. Microsoft restructured the sixty nine billion dollar deal.

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<v Speaker 9>They'll sell some gaming rights to French publisher Ubisoft Entertainment,

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<v Speaker 9>So that's apparently satisfied everybody. There's going to be enough

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<v Speaker 9>competition in cloud gaming going forward. By acquiring Activision Blizzard,

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<v Speaker 9>the maker of Call of Duty and Candy Crush, Microsoft

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<v Speaker 9>can now boost its lagging mobile games business. In New

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<v Speaker 9>York Time, John Tucker, Bloomberg Daybreak.

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<v Speaker 3>Okay, John, thanks staying in the tech space. Apple's iPhone

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<v Speaker 3>fifteen and new watches go on sale today. It's a

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<v Speaker 3>test of whether a new design can lift the smartphone

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<v Speaker 3>market out of a slump. And we have another note

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<v Speaker 3>on Apple as well. It's set to issue smaller raises

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<v Speaker 3>to its retail employees. Source to say the tech giant

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<v Speaker 3>will disclose average annual raises of about four percent this week.

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<v Speaker 3>That's a return to pre pandemic levels.

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<v Speaker 2>Well mean Mile oversees Nathan Chinese tech giant Huawei's getting

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<v Speaker 2>a boost in smartphone sales from its new ship. Testing

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<v Speaker 2>from Bloomberg News and Tech Insights found the cure in

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<v Speaker 2>nine thousand s processor, which powers Huawei's Mate sixty smartphone

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<v Speaker 2>series supports five G wireless speeds that made sixty phones

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<v Speaker 2>or Huawei's first five G devices since US sanctions derailed

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<v Speaker 2>the company's consumer business three years ago. NSMP futures are

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<v Speaker 2>little change this morning, well up a tenth of up percent,

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<v Speaker 2>now up about four points. Dow futures little change, and

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<v Speaker 2>Nasdaq futures up three tents of up percent or forty

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<v Speaker 2>three points.

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<v Speaker 4>And straight ahead.

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<v Speaker 2>We have more global headlines plus a check of sports,

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<v Speaker 2>and this is Bloomberg.

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<v Speaker 3>And here now with those global headlines, and look at

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<v Speaker 3>what's happening in New York as.

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<v Speaker 1>Well, we bring in Bloomberg's Michael Parr.

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<v Speaker 4>Good morning, Michael, Good morning Nathan.

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<v Speaker 10>A tragic bus crash in New York State left at

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<v Speaker 10>least two people dead and others in critical condition. The bus,

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<v Speaker 10>carrying students to a band camp, went off the road

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<v Speaker 10>near the Orange County town of Wawayanda, possibly due to

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<v Speaker 10>a faulty front tire. The bus getted off the highway

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<v Speaker 10>and landed on its sign after tumbling fifty feet. New

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<v Speaker 10>York Governor Kathy Oakle.

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<v Speaker 11>Today was a day of terror for forty four passengers

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<v Speaker 11>on a private coach line a group of high school

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<v Speaker 11>students members of the Farmingdale Marching Band, en route to

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<v Speaker 11>a camp in Pennsylvania.

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<v Speaker 10>The crash, happening nearly a half hour from their destination

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<v Speaker 10>in the Poconos. Dozens of passengers, mostly students, were injured.

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<v Speaker 10>Two adults on board were killed, including the band's director.

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<v Speaker 10>The NYPD made another discovery at the Bronx daycare, where

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<v Speaker 10>a one year old boy died and three other toddlers

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<v Speaker 10>were sickened. After its belief they were exposed to fentanyl.

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<v Speaker 10>Investigators located a trap door in the floor of the

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<v Speaker 10>apartment located in the play area, where fentanyl and other

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<v Speaker 10>drugs were seized. The owner of the daycare center and

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<v Speaker 10>her cousin were arrested. Ukrainian President Vladimir Zelensky has delivered

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<v Speaker 10>an upbeat message to US lawmakers and President Joe Biden

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<v Speaker 10>in a visit to Washington, asking for more military aids.

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<v Speaker 10>Lensky briefed lawmakers on the state of the war and

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<v Speaker 10>told them Ukrainians are winning. Zelenski is facing some Republicans

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<v Speaker 10>who are now questioning the flow of American dollars for

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<v Speaker 10>his troops in the fight against Russian forces. Zelensky also

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<v Speaker 10>met with President Biden at the White House.

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<v Speaker 12>I think United States of America and mister President for

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<v Speaker 12>the new defense package for Ukraine, A very powerful package.

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<v Speaker 10>Thanks so much. It was Zelenski's second visit to Washington

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<v Speaker 10>since Russia's invasion. Ninety two year old Rupert Murdoch has

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<v Speaker 10>announced he's stepping down as the head of Fox and

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<v Speaker 10>News Corporation boards. No stranger to controversy, Fox reached on

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<v Speaker 10>settled a huge defamation lawsuit topping seven hundred and eighty

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<v Speaker 10>seven million dollars with Dominion Voting Systems after Fox News

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<v Speaker 10>was accused of knowingly pushing false claims about voting machines

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<v Speaker 10>in the twenty twenty election. Murdoch Sun Lachlan will become

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<v Speaker 10>the sole chair of News Corporation. Global News twenty four

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<v Speaker 10>hours a day, powered by more than twenty seven hundred

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<v Speaker 10>journalist and analysts over one hundred and twenty countries. I'm

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<v Speaker 10>Michael Barrn. This is Bloomberg Natan.

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<v Speaker 3>All right, Michael, thank you, of course for bringing you

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<v Speaker 3>news throughout the day. Here on Bloomberg Radio. But now

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<v Speaker 3>you can get the latest news on demand whenever you

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<v Speaker 3>want it. Subscribe to Bloomberg News Now to get the

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<v Speaker 3>latest headlines at the click of a button. Get informed

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<v Speaker 3>on your schedule. You can listen and subscribe to Bloomberg

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<v Speaker 3>News Now on the Bloomberg Business app, Bloomberg dot Com, Apple, Spotify,

0:08:50.200 --> 0:08:57.199
<v Speaker 3>anywhere else you get your podcasts. Time now for the

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<v Speaker 3>Bloomberg Sports Update with John Stenshow, all.

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<v Speaker 10>Right, Natives.

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<v Speaker 13>Last night, you got a good look at a team

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<v Speaker 13>that certainly looks capable of being a Super Bowl champion.

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<v Speaker 13>The forty nine ers last season won of their last

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<v Speaker 13>ten regular season games. They did fall in the NFC

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<v Speaker 13>Championship game in Philadelphia. They played that game without a

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<v Speaker 13>healthy quarterback Week would throw a pass. That's their only

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<v Speaker 13>loss in their last sixteen games. They meet the Giants

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<v Speaker 13>Soundley and their home opener thirty to twelve. First downs

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<v Speaker 13>were twenty six to ten. Total yards were four hundred

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<v Speaker 13>and forty one to one hundred and fifty. Giants did

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<v Speaker 13>score third quarter to get to within five, but no

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<v Speaker 13>comeback like the one they had last Sunday at Arizona.

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<v Speaker 10>Come home with the record of one and two.

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<v Speaker 13>Their coach is Brian Dable.

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<v Speaker 12>You got to take, you know, the good from it

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<v Speaker 12>and you got to learn from the bad. Just like

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<v Speaker 12>like every game. The guys competed and you know we

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<v Speaker 12>competed all the way to the end. You know, they

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<v Speaker 12>made they made more plays than we did. So you

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<v Speaker 12>go back and take a look at it, and you know,

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<v Speaker 12>get going on the next week and.

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<v Speaker 13>That next game. Not until a week from Monday, a

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<v Speaker 13>home game to Seattle. This Sunday, Jets host the Owen

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<v Speaker 13>two Patriots. New England won the last fourteen meetings blow

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<v Speaker 13>to the Dallas Cowboys. Quarnerback Treyvon Diggs, pro bowler in

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<v Speaker 13>each of his two seasons, tore his acl and practice

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<v Speaker 13>at the stadium. Garrett Cole looking very much like a

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<v Speaker 13>Cy Young winner when eight innings, not only two hits,

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<v Speaker 13>no walts, nights, drikeouts, Toronto rallied night didn't, but the

0:10:12.800 --> 0:10:14.840
<v Speaker 13>Yanks held on beat the Blue Jays five to three.

0:10:14.920 --> 0:10:16.760
<v Speaker 13>Jake Bowers got him going to three run homer in

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<v Speaker 13>the first. They moved back game over five hundred now

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<v Speaker 13>host Arizona, so having played a team in search of

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<v Speaker 13>an American League wild card, they now phase one. That's

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<v Speaker 13>in the hunt in the nl Mets lost in Philadelphia

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<v Speaker 13>five to four, Nick Castellanos. The Homer four urbis the

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<v Speaker 13>Minnesota Twins can clinch the AL Central tonight. Milwaukee's magic

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<v Speaker 13>number NL Central is three. Don scarshereward Bloomberg Sports.

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<v Speaker 3>All right, John, thanks SMP futures up a tenth of

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<v Speaker 3>a percent now features little change. NASDAK futures up three

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<v Speaker 3>tenths of one percent.

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<v Speaker 14>From coast to coast, from New York to San Francisco,

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<v Speaker 14>Boston to Washington, DC, nationwide on Syrias exam the Bloomberg

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<v Speaker 14>Business Appen Bloomberg dot com. This is bloom Day Break.

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<v Speaker 4>Good morning.

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<v Speaker 3>I'm Nathan Hager. We are now eight days into the

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<v Speaker 3>United Autoworkers strike against the big three Detroit automakers, and

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<v Speaker 3>in just a few hours time we could find out

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<v Speaker 3>whether the picket lines expand beyond one plant each for Ford,

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<v Speaker 3>General Motors and Stilantis. It is a work stoppage that

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<v Speaker 3>is already severely disrupted the auto industry. Let's bring in

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<v Speaker 3>Craig Trudell for the latest unware things stand now. Craig

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<v Speaker 3>is the global cars are for Bloomberg News. So craig,

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<v Speaker 3>where are we in the negotiations?

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<v Speaker 15>So the big update today will be at ten am

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<v Speaker 15>local time in Detroit. That's when the UAW has said

0:11:38.600 --> 0:11:43.160
<v Speaker 15>they'll hold a press conference to sort of announce their

0:11:43.200 --> 0:11:46.440
<v Speaker 15>next moves. I think the sort of wide held expectation

0:11:46.640 --> 0:11:48.920
<v Speaker 15>is that this is a strike that will expand they've

0:11:49.080 --> 0:11:52.520
<v Speaker 15>talked about, you know, by noon Friday, if they don't

0:11:52.920 --> 0:11:56.920
<v Speaker 15>have a substantial progress made in these negotiations, that they

0:11:56.960 --> 0:12:00.120
<v Speaker 15>will sort of up the ante here. So I think,

0:12:00.200 --> 0:12:03.400
<v Speaker 15>you know, what what we've heard as as this you

0:12:03.440 --> 0:12:07.600
<v Speaker 15>know strike is is now you know, a weekend, is

0:12:07.640 --> 0:12:10.680
<v Speaker 15>really that the sort of bid and ask here between

0:12:10.720 --> 0:12:16.480
<v Speaker 15>the union and the companies remains pretty vast and and

0:12:16.520 --> 0:12:19.320
<v Speaker 15>not a whole lot of budgeting on either side.

0:12:19.800 --> 0:12:22.840
<v Speaker 3>So what are the biggest sticking points at this point?

0:12:22.840 --> 0:12:27.199
<v Speaker 3>We've heard about wage hikes obviously, we've heard about eliminating

0:12:27.320 --> 0:12:30.520
<v Speaker 3>job tiers. Is there any movement on any of the

0:12:30.559 --> 0:12:33.520
<v Speaker 3>particular pieces that the UAW is looking for?

0:12:34.160 --> 0:12:38.800
<v Speaker 15>Yeah, I think, you know, the the idea of wage increases,

0:12:39.480 --> 0:12:42.679
<v Speaker 15>the idea of of tiers. Where you know, if you're

0:12:42.720 --> 0:12:45.600
<v Speaker 15>a newer worker, you know for some time now, you've

0:12:45.720 --> 0:12:49.200
<v Speaker 15>you've been paid less than than a worker right next

0:12:49.200 --> 0:12:52.559
<v Speaker 15>to you who's who's been you know, with the companies longer.

0:12:53.400 --> 0:12:55.760
<v Speaker 15>I think, you know, the union also wants to call

0:12:55.800 --> 0:12:58.600
<v Speaker 15>back some of the concessions that they made, uh say

0:12:58.600 --> 0:13:01.640
<v Speaker 15>in two thousand and seven or or around uh, you know,

0:13:01.679 --> 0:13:05.040
<v Speaker 15>that period of you know, when these when these companies

0:13:05.080 --> 0:13:08.760
<v Speaker 15>were really struggling to survive. Really uh, you know, the

0:13:08.920 --> 0:13:13.400
<v Speaker 15>union agreed to take on retiree healthcare benefits. Uh you know, uh,

0:13:13.840 --> 0:13:18.240
<v Speaker 15>retirement you know went away for workers. I think, you know,

0:13:18.320 --> 0:13:21.840
<v Speaker 15>the companies are particularly reluctant to go back down that road.

0:13:22.600 --> 0:13:24.640
<v Speaker 15>But I also think, you know, this this comes down

0:13:24.679 --> 0:13:27.480
<v Speaker 15>as well to you know, job security. I think uh,

0:13:27.520 --> 0:13:32.160
<v Speaker 15>you know, Stilantis may try to close you know, multiple

0:13:32.240 --> 0:13:35.640
<v Speaker 15>plants in North America, and the union obviously does not

0:13:35.800 --> 0:13:38.120
<v Speaker 15>want to see that. I think the company is trying

0:13:38.160 --> 0:13:41.679
<v Speaker 15>to sort of reassure uh workers that while it may

0:13:41.720 --> 0:13:43.880
<v Speaker 15>close some facilities, it will be a matter of moving

0:13:43.880 --> 0:13:47.040
<v Speaker 15>people around. But even that is disruptive to people's to

0:13:47.120 --> 0:13:47.839
<v Speaker 15>people's lives.

0:13:48.480 --> 0:13:51.600
<v Speaker 3>In the meantime, of course, we've had picket lines at

0:13:51.640 --> 0:13:55.280
<v Speaker 3>one plant each for Ford General Motors and Stilantis. What

0:13:55.520 --> 0:13:59.600
<v Speaker 3>kind of impact has that had on the industry thus far,

0:14:00.080 --> 0:14:04.040
<v Speaker 3>and how much further could these walkouts expand are we

0:14:04.080 --> 0:14:07.840
<v Speaker 3>thinking it's going to be another plant each for each

0:14:07.880 --> 0:14:10.320
<v Speaker 3>of the big three or could be even more than that?

0:14:11.200 --> 0:14:13.680
<v Speaker 15>I think, you know, to this point obviously, you know,

0:14:13.720 --> 0:14:16.560
<v Speaker 15>one plant for each company is is uh, you know,

0:14:16.760 --> 0:14:19.760
<v Speaker 15>something that that the industry you know, doesn't love, but

0:14:19.920 --> 0:14:20.960
<v Speaker 15>you know can can deal with.

0:14:21.560 --> 0:14:21.640
<v Speaker 2>Uh.

0:14:21.720 --> 0:14:23.840
<v Speaker 15>And it's something that that we're quite used to after

0:14:23.840 --> 0:14:26.400
<v Speaker 15>the last couple of years after all, you know, quite

0:14:26.400 --> 0:14:29.760
<v Speaker 15>a lot of disruptions to to this industry, uh with

0:14:29.760 --> 0:14:32.680
<v Speaker 15>with the supply chain issues that that have had the

0:14:32.760 --> 0:14:35.680
<v Speaker 15>chip shortage. Obviously it was it was for a while there,

0:14:35.840 --> 0:14:37.920
<v Speaker 15>you know, every other day you heard about another plant

0:14:38.000 --> 0:14:39.560
<v Speaker 15>going down as a result of the fact that they

0:14:39.600 --> 0:14:43.720
<v Speaker 15>couldn't get semiconductors. So, you know, we do have a

0:14:43.760 --> 0:14:47.240
<v Speaker 15>situation where some of these products are are really you

0:14:47.280 --> 0:14:50.920
<v Speaker 15>know hot and in high demand. You think of of say,

0:14:51.080 --> 0:14:53.760
<v Speaker 15>you know, the Ford Ranger, Ford Bronco, those who are

0:14:53.960 --> 0:14:57.600
<v Speaker 15>you know, really tight supply uh GM, the Chevy Colorado.

0:14:57.840 --> 0:14:58.040
<v Speaker 2>Uh.

0:14:58.120 --> 0:14:59.920
<v Speaker 15>You know, they only have so much inventory of that,

0:15:00.080 --> 0:15:03.200
<v Speaker 15>and so we will probably see you know, some depletion

0:15:03.360 --> 0:15:08.200
<v Speaker 15>of inventory if this lasts longer at the plants that

0:15:08.320 --> 0:15:11.359
<v Speaker 15>have already you know, where we already have seen walkouts,

0:15:12.320 --> 0:15:14.960
<v Speaker 15>whether or not you know, we potentially see you know,

0:15:15.120 --> 0:15:18.000
<v Speaker 15>another plant added at each company. I think is is

0:15:18.040 --> 0:15:20.680
<v Speaker 15>definitely you know, something that everybody's kind of on the

0:15:20.800 --> 0:15:24.160
<v Speaker 15>edge of their seat for this afternoon in Detroit. I

0:15:24.200 --> 0:15:26.640
<v Speaker 15>do think that the union wants to be strategic here

0:15:26.680 --> 0:15:30.240
<v Speaker 15>and sort of conserve the strike fund that they have.

0:15:30.720 --> 0:15:33.040
<v Speaker 15>They pay out five hundred dollars a week to every

0:15:33.040 --> 0:15:35.800
<v Speaker 15>worker who's on strikes, so you know, there's a sort

0:15:35.800 --> 0:15:37.920
<v Speaker 15>of give and take here. The more plants that you

0:15:38.040 --> 0:15:42.480
<v Speaker 15>add to this strike, the more, you know, the less

0:15:42.520 --> 0:15:45.120
<v Speaker 15>you have to work with in terms of that strike fund.

0:15:45.200 --> 0:15:48.840
<v Speaker 15>So you know, maybe we see some temporary additions of

0:15:49.200 --> 0:15:52.080
<v Speaker 15>plants and then some taking away of plants where workers

0:15:52.080 --> 0:15:54.840
<v Speaker 15>have had to cope with only you know, bringing in

0:15:54.880 --> 0:15:58.360
<v Speaker 15>five hundred dollars a week, you know, for as long

0:15:58.400 --> 0:16:01.840
<v Speaker 15>as they've been on strike, and kind of shifting around

0:16:02.080 --> 0:16:04.040
<v Speaker 15>of the sacrifice here.

0:16:04.880 --> 0:16:07.480
<v Speaker 3>Of course, I expect we'll get more answers, as you said,

0:16:07.520 --> 0:16:12.040
<v Speaker 3>when that news conference is expected ten am Detroit time.

0:16:12.160 --> 0:16:15.840
<v Speaker 3>That's eleven am on Wall Street, So we're counting down

0:16:15.880 --> 0:16:19.200
<v Speaker 3>to yet another deadline in the autoworkers strike against the

0:16:19.280 --> 0:16:21.040
<v Speaker 3>Detroit Three.

0:16:21.280 --> 0:16:24.200
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