1 00:00:00,080 --> 00:00:10,160 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. Welcome to the Bloomberg 2 00:00:10,240 --> 00:00:15,920 Speaker 1: This Weekend Podcast with David Gura, Christina Raffini and Lisa Matteo. 3 00:00:17,680 --> 00:00:20,560 Speaker 2: Thanks for joining us for today's selection of conversations from 4 00:00:20,600 --> 00:00:20,959 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, but also make sure to join us live 7 00:00:25,960 --> 00:00:29,000 Speaker 3: every Saturday and Sunday morning starting at seven am Eastern. 8 00:00:29,160 --> 00:00:32,760 Speaker 4: We're on Bloomberg Television, Radio and the Bloomberg Business App, 9 00:00:33,040 --> 00:00:37,600 Speaker 4: bringing you unique takes and in depth interviews on news, politics, 10 00:00:37,680 --> 00:00:39,120 Speaker 4: lifestyle and culture. 11 00:00:41,120 --> 00:00:43,200 Speaker 3: We'll get back to that rising youth unemployment in India 12 00:00:43,200 --> 00:00:45,760 Speaker 3: which is sparked. Student led cockroach movement just managed to 13 00:00:45,800 --> 00:00:48,360 Speaker 3: houst a cabinet minister while presenting a growing challenge to 14 00:00:48,360 --> 00:00:49,599 Speaker 3: Prime Minister in rand Remotium. 15 00:00:49,920 --> 00:00:52,760 Speaker 5: The protests highlight the extent to which India's economic rise 16 00:00:52,840 --> 00:00:56,280 Speaker 5: is failing to include young unemployed graduates, with many feeling 17 00:00:56,320 --> 00:00:59,160 Speaker 5: their lives and futures are being ignored by the governing party. 18 00:00:59,560 --> 00:01:02,400 Speaker 5: Joining us now is Bloomberg News Senior reporter Dan Strength. 19 00:01:02,480 --> 00:01:03,920 Speaker 6: Dan, the most interesting. 20 00:01:03,560 --> 00:01:05,920 Speaker 5: Thing to me is the catalyst for all of this 21 00:01:06,360 --> 00:01:09,920 Speaker 5: seems to have been a set of leaked test answers, 22 00:01:09,959 --> 00:01:12,840 Speaker 5: Can you please explain why that mattered and how that 23 00:01:12,880 --> 00:01:13,479 Speaker 5: got us here? 24 00:01:15,280 --> 00:01:18,480 Speaker 7: Sure? Sure, yeah, that's absolutely right. So what was the 25 00:01:18,480 --> 00:01:21,360 Speaker 7: catalyst in all of this was it was actually a 26 00:01:21,360 --> 00:01:26,200 Speaker 7: series of leaked what's known in India as exam papers. Essentially, 27 00:01:26,440 --> 00:01:29,600 Speaker 7: it's the early leak of the actual test itself that 28 00:01:29,720 --> 00:01:33,840 Speaker 7: was circulating among some students and essentially forced the government 29 00:01:33,880 --> 00:01:37,840 Speaker 7: to invalidate a huge number of the one of the 30 00:01:37,880 --> 00:01:40,920 Speaker 7: most competitive tests in India, which is the test to 31 00:01:40,959 --> 00:01:45,240 Speaker 7: get into medical school. Now this affects hundreds of thousands 32 00:01:45,240 --> 00:01:48,120 Speaker 7: of students, if not more. It's a highly sought after 33 00:01:48,440 --> 00:01:52,560 Speaker 7: sort of pathway for high achievers in India, widely seen 34 00:01:52,600 --> 00:01:54,760 Speaker 7: as kind of a way out of poverty, and it 35 00:01:54,880 --> 00:01:57,800 Speaker 7: is really it really at the time shook the confidence 36 00:01:57,840 --> 00:02:00,680 Speaker 7: in the nation's education system, which for a long time 37 00:02:00,720 --> 00:02:05,800 Speaker 7: has been having trouble really funneling it's many young educated 38 00:02:05,840 --> 00:02:07,440 Speaker 7: students into well paying jobs. 39 00:02:07,680 --> 00:02:08,440 Speaker 8: So all of this has. 40 00:02:08,440 --> 00:02:10,760 Speaker 7: Kind of culminated come to a head in the last 41 00:02:10,760 --> 00:02:12,760 Speaker 7: couple of months in the form of this movement that 42 00:02:12,800 --> 00:02:14,920 Speaker 7: we have seen that has taken to the streets and 43 00:02:14,960 --> 00:02:18,720 Speaker 7: as you said, has really shaken the politics of India 44 00:02:18,760 --> 00:02:21,400 Speaker 7: and forced this rare retreat by the government in the 45 00:02:21,440 --> 00:02:25,240 Speaker 7: form of the resignation of the Education Minister, and you know, 46 00:02:25,440 --> 00:02:28,920 Speaker 7: calls for this group to kind of carry on it's mandate, 47 00:02:28,960 --> 00:02:32,360 Speaker 7: to keep pushing and keep calling for reform. 48 00:02:33,120 --> 00:02:35,079 Speaker 3: We were chatting about the name of the group and 49 00:02:35,120 --> 00:02:37,679 Speaker 3: for us as the Yorker as cockroaches have one connotation, 50 00:02:37,760 --> 00:02:40,799 Speaker 3: I gather there's a satirical connotation there in India. Explain 51 00:02:40,840 --> 00:02:42,520 Speaker 3: that if you would. This is the c JP versus 52 00:02:42,560 --> 00:02:44,440 Speaker 3: the BJP, which is the ruling party, which is helm 53 00:02:44,480 --> 00:02:47,799 Speaker 3: by Nerandromodi. Explain the joke, if you would, and maybe 54 00:02:47,840 --> 00:02:50,000 Speaker 3: tell us just a bit about how cohesive this group 55 00:02:50,040 --> 00:02:50,800 Speaker 3: of young people is. 56 00:02:52,480 --> 00:02:56,160 Speaker 7: Yeah, so it is a satirical movement. It started as 57 00:02:56,160 --> 00:03:00,200 Speaker 7: a sort of a joke among some young people. Uh, 58 00:03:00,680 --> 00:03:02,280 Speaker 7: you know, it's a play. It is a play on 59 00:03:02,320 --> 00:03:05,280 Speaker 7: the ruling party, the b JP. What they're calling themselves 60 00:03:05,360 --> 00:03:08,360 Speaker 7: is the CJP, the cockroach jaunt the party. And it 61 00:03:08,480 --> 00:03:11,280 Speaker 7: essentially stemmed from what was kind of an offhand remark 62 00:03:11,960 --> 00:03:14,519 Speaker 7: some months back by the Chief Justice of the Supreme 63 00:03:14,560 --> 00:03:18,320 Speaker 7: Court of India sort of dismissively referring to unemployed young 64 00:03:18,360 --> 00:03:21,760 Speaker 7: people as kind of cockroaches of society with with with 65 00:03:21,800 --> 00:03:23,920 Speaker 7: nothing better to do but sort of uh, you know, 66 00:03:24,160 --> 00:03:29,119 Speaker 7: disrupt things and cause trouble. Now, this did not go well. 67 00:03:29,440 --> 00:03:31,560 Speaker 7: This did not go down well among some young people, 68 00:03:31,919 --> 00:03:34,520 Speaker 7: and and they started sort of joking on it online 69 00:03:34,639 --> 00:03:37,760 Speaker 7: on Twitter. Uh, a sort of riff began to circulate, 70 00:03:37,760 --> 00:03:41,960 Speaker 7: and and this this joke essentially metamorphized into what became 71 00:03:42,760 --> 00:03:45,200 Speaker 7: what is what they're calling themselves a political party. It's 72 00:03:45,200 --> 00:03:47,920 Speaker 7: still not officially that it's it's a movement of sorts, 73 00:03:48,200 --> 00:03:51,560 Speaker 7: but it's it's this, it's this movement around this sense 74 00:03:51,680 --> 00:03:56,880 Speaker 7: of aggrievement, this sense of disenfranchisement among young people, that 75 00:03:57,080 --> 00:03:58,880 Speaker 7: the system is sort of not working for them, that 76 00:03:58,920 --> 00:04:02,080 Speaker 7: the education system now working for them, that the economy 77 00:04:02,120 --> 00:04:03,680 Speaker 7: is now working for them, that they're not getting the 78 00:04:03,760 --> 00:04:07,360 Speaker 7: jobs that they need, and that the establishment, the political 79 00:04:07,360 --> 00:04:09,600 Speaker 7: class in India isn't listening to them, and worse is 80 00:04:09,920 --> 00:04:14,360 Speaker 7: mocking them and sort of uh, dismissing them as as cockroaches. 81 00:04:14,440 --> 00:04:17,200 Speaker 7: So they've sort of taken on this mantle and and 82 00:04:17,200 --> 00:04:19,400 Speaker 7: and and of kind of sort of wearing it proudly. 83 00:04:19,440 --> 00:04:21,960 Speaker 7: And you really see, you know, in the form of 84 00:04:22,040 --> 00:04:24,080 Speaker 7: some of those videos you just showed some of those 85 00:04:24,160 --> 00:04:28,200 Speaker 7: videos you just showed, you know, embracing this this this 86 00:04:28,240 --> 00:04:31,440 Speaker 7: sort of cockroach mantle and taking it forward. 87 00:04:31,520 --> 00:04:33,880 Speaker 3: Just one secrecy and Dan wins the show thus far. 88 00:04:33,960 --> 00:04:36,520 Speaker 3: We're talking about the cockroach movement. He has the kofa 89 00:04:36,600 --> 00:04:39,240 Speaker 3: s metamorphosis reference there to the way this group has developed. 90 00:04:39,600 --> 00:04:42,080 Speaker 3: You're in the lead, Dan, You're leader, the leader for it. 91 00:04:42,200 --> 00:04:44,080 Speaker 7: That's far all right, That was entirely that was an 92 00:04:44,200 --> 00:04:45,800 Speaker 7: entirely unintended. 93 00:04:45,320 --> 00:04:47,440 Speaker 3: Incidental I'm sure as you mentioned it. 94 00:04:47,920 --> 00:04:51,160 Speaker 9: It does sound great, totally derailed by trade of thought. 95 00:04:51,160 --> 00:04:53,559 Speaker 5: But I did want to talk about who was going 96 00:04:53,600 --> 00:04:56,320 Speaker 5: to these protests. I've been listening to some reports on 97 00:04:56,320 --> 00:04:58,279 Speaker 5: them throughout the weeks, and it seems like it's not 98 00:04:58,760 --> 00:05:01,360 Speaker 5: just kids anymore. As there was some crackdowns on these protests, 99 00:05:01,480 --> 00:05:03,960 Speaker 5: I heard of parents and aunties and uncles like showing 100 00:05:04,040 --> 00:05:06,919 Speaker 5: up to try to show support because, as you mentioned, 101 00:05:07,080 --> 00:05:09,560 Speaker 5: these tests are really important, but they're kind of the 102 00:05:09,600 --> 00:05:12,280 Speaker 5: whole family has stake in them, especially if you're from 103 00:05:12,320 --> 00:05:15,320 Speaker 5: a not well off family. Those test results are seen 104 00:05:15,400 --> 00:05:18,200 Speaker 5: as a way to break generations of a cycle of 105 00:05:18,240 --> 00:05:20,719 Speaker 5: poverty and the amount of pressure that has put on 106 00:05:20,800 --> 00:05:23,200 Speaker 5: these young people and then to then allow kind of 107 00:05:23,200 --> 00:05:26,320 Speaker 5: these malfeasance or these leaked test results. People were just 108 00:05:26,360 --> 00:05:29,000 Speaker 5: really really upset about it. Who's going to these protests 109 00:05:29,040 --> 00:05:31,400 Speaker 5: and are they specific about what they want? 110 00:05:33,480 --> 00:05:35,480 Speaker 7: So it did start off as a sort of a 111 00:05:35,600 --> 00:05:38,560 Speaker 7: very much a student led protest. The founder of the 112 00:05:38,600 --> 00:05:41,880 Speaker 7: movement was a student actually studying in the US at 113 00:05:41,880 --> 00:05:45,520 Speaker 7: the time of Indian descent, was studying at Boston University. 114 00:05:45,560 --> 00:05:47,440 Speaker 7: You since come back to help lead the movement here, 115 00:05:48,160 --> 00:05:50,679 Speaker 7: but it was very much a sort of a movement 116 00:05:50,720 --> 00:05:53,200 Speaker 7: that started at the grassroots level from students. It has 117 00:05:53,240 --> 00:05:55,640 Speaker 7: since grown much more widely. I mean, you do see 118 00:05:55,680 --> 00:05:59,000 Speaker 7: sort of just young people across society joining in the protests, 119 00:05:59,240 --> 00:06:01,560 Speaker 7: and as you said, many of their family members have 120 00:06:01,640 --> 00:06:06,080 Speaker 7: also been coming out because you're absolutely right. For many families, 121 00:06:06,240 --> 00:06:09,680 Speaker 7: you know, many of these students who were taking the tests, 122 00:06:09,680 --> 00:06:12,000 Speaker 7: who are hoping to go on to these higher education 123 00:06:12,120 --> 00:06:14,520 Speaker 7: programs that have come under threat, were the first people 124 00:06:14,520 --> 00:06:16,320 Speaker 7: in their families to do this. I mean, this is 125 00:06:16,640 --> 00:06:20,480 Speaker 7: you know, India remains, you know, a low income country 126 00:06:20,720 --> 00:06:23,400 Speaker 7: that puts a lot of priority on education and on 127 00:06:23,480 --> 00:06:27,440 Speaker 7: the opportunities that education can afford. You're seeing a lot 128 00:06:27,440 --> 00:06:30,159 Speaker 7: of pathways close off for many young Indians. For example, 129 00:06:30,200 --> 00:06:32,960 Speaker 7: many who used to go to the US for education 130 00:06:33,520 --> 00:06:37,000 Speaker 7: or for employment on H one B visas. That was 131 00:06:37,000 --> 00:06:39,960 Speaker 7: a major pathway for many Indians. Now that's being closed off. 132 00:06:40,200 --> 00:06:41,920 Speaker 7: So all of these things are kind of coming together, 133 00:06:41,960 --> 00:06:44,479 Speaker 7: and you do see many more people kind of joining 134 00:06:44,520 --> 00:06:47,520 Speaker 7: the protests. One big tipping point I think has been 135 00:06:48,520 --> 00:06:51,480 Speaker 7: what the way the government initially responded to these protests, 136 00:06:51,560 --> 00:06:55,520 Speaker 7: which was was actually quite a quite a tough crackdown 137 00:06:55,520 --> 00:06:58,719 Speaker 7: in the form of police coming out into the streets 138 00:06:59,760 --> 00:07:02,760 Speaker 7: using batons on some of the protesters, using tear gas, 139 00:07:03,000 --> 00:07:07,120 Speaker 7: allegations of pellet guns as well being used, and a 140 00:07:07,160 --> 00:07:11,120 Speaker 7: lot of these images and videos of this sort of 141 00:07:11,120 --> 00:07:14,080 Speaker 7: of this response by the police have circulated widely on 142 00:07:14,120 --> 00:07:17,480 Speaker 7: social media and really has helped it inflame the movement 143 00:07:17,560 --> 00:07:19,600 Speaker 7: and actually spread a lot of sympathy I think for 144 00:07:19,960 --> 00:07:22,440 Speaker 7: many of these protesters, which is which is around the 145 00:07:22,440 --> 00:07:25,400 Speaker 7: time that you started to really see the movement take off. 146 00:07:25,480 --> 00:07:30,240 Speaker 7: So it has seen quite a sort of widespread sympathy. Uh, 147 00:07:30,320 --> 00:07:32,720 Speaker 7: and it's and it's growing, and it really it does 148 00:07:32,760 --> 00:07:33,960 Speaker 7: show no signs of slowing down. 149 00:07:34,080 --> 00:07:35,400 Speaker 3: Yeah, great to speak with you. Thank you very much 150 00:07:35,400 --> 00:07:37,120 Speaker 3: for the update. Dan Strump showing us for New Delhi here. 151 00:07:39,120 --> 00:07:42,120 Speaker 3: Stay with us for more on Bloomberg this weekend. Right 152 00:07:42,160 --> 00:07:56,920 Speaker 3: after this, Israel's Prime Minister, Benjamin at Yahoo is one 153 00:07:56,920 --> 00:07:59,400 Speaker 3: of several world leaders who made the pilgrimage to Washington, 154 00:07:59,480 --> 00:08:01,840 Speaker 3: d C. This to attend the memorial service for the 155 00:08:01,880 --> 00:08:04,440 Speaker 3: late Senator Lindsey Graham. And while he was in DC 156 00:08:04,560 --> 00:08:06,960 Speaker 3: Netanyah who had a meeting with the President. It was 157 00:08:07,240 --> 00:08:10,800 Speaker 3: productive according to the White House, and excellent according to 158 00:08:10,880 --> 00:08:11,480 Speaker 3: the Prime Minister. 159 00:08:11,880 --> 00:08:14,080 Speaker 5: All Right, that being said, Israel's elections are less than 160 00:08:14,160 --> 00:08:16,720 Speaker 5: two months away, and then Yao is facing a formidable 161 00:08:16,800 --> 00:08:20,480 Speaker 5: challenger from his former military advisor, Gottie Eisenkott. We caught 162 00:08:20,520 --> 00:08:22,679 Speaker 5: out with David Remnick, the editor of The New Yorker, 163 00:08:22,720 --> 00:08:25,440 Speaker 5: who just published a new profile of BB's challenger. 164 00:08:27,200 --> 00:08:29,520 Speaker 3: David, thanks for being here, and I want to start 165 00:08:29,560 --> 00:08:32,120 Speaker 3: with some recent polling here from Channel twelve in Israel. 166 00:08:32,160 --> 00:08:35,080 Speaker 3: A question to voters was who's the best candidate for 167 00:08:35,200 --> 00:08:39,480 Speaker 3: Israel's Prime minister? Fifty nine percent said not Netanyahoo. And 168 00:08:39,559 --> 00:08:41,960 Speaker 3: it makes me wonder how vulnerable is the prime minister 169 00:08:42,040 --> 00:08:43,480 Speaker 3: right now? As he looks forward to this election. 170 00:08:44,600 --> 00:08:46,200 Speaker 10: I want to mark it down right here. 171 00:08:46,320 --> 00:08:49,760 Speaker 11: He is vulnerable, but I would never count bb netanyah 172 00:08:49,800 --> 00:08:52,720 Speaker 11: who out. You have to remember this country has moved 173 00:08:52,760 --> 00:08:57,280 Speaker 11: steadily to the right in the last generation. Younger voters 174 00:08:57,400 --> 00:09:01,000 Speaker 11: are even more conservative than their elders, and since October seventh, 175 00:09:01,000 --> 00:09:03,959 Speaker 11: the country has moved to the right. So even though 176 00:09:03,960 --> 00:09:08,480 Speaker 11: there's a lot of ANTIBB sentiment for reasons we can discuss. 177 00:09:09,720 --> 00:09:12,080 Speaker 11: And even though Gotti Eisenkob, the subject of the piece 178 00:09:12,080 --> 00:09:15,920 Speaker 11: that I in New Yorker, is now seemingly in the lead, 179 00:09:16,640 --> 00:09:18,240 Speaker 11: is three months left in the race, and a lot 180 00:09:18,280 --> 00:09:18,760 Speaker 11: can happen. 181 00:09:19,240 --> 00:09:22,400 Speaker 5: But can you explain how that doesn't translate to the 182 00:09:22,400 --> 00:09:24,720 Speaker 5: polls when people go to vote. 183 00:09:25,000 --> 00:09:27,760 Speaker 10: Well, I don't know. It's like long marriages. 184 00:09:27,840 --> 00:09:28,079 Speaker 12: I think. 185 00:09:28,160 --> 00:09:31,640 Speaker 11: I think the country has grown sick of reports of 186 00:09:31,720 --> 00:09:35,000 Speaker 11: his corruption. There are a lot of people who blame 187 00:09:35,120 --> 00:09:38,560 Speaker 11: him for the national security collapse on October seventh. There 188 00:09:38,559 --> 00:09:41,000 Speaker 11: are a lot of people who are angry about the 189 00:09:41,040 --> 00:09:43,520 Speaker 11: deals he cuts with the ultra orthodox so that they 190 00:09:43,520 --> 00:09:45,199 Speaker 11: don't have to go to the army or not get 191 00:09:45,280 --> 00:09:49,120 Speaker 11: arrested for dodging the draft. There's a multiplicity of reasons. 192 00:09:49,160 --> 00:09:53,719 Speaker 11: You know, pick your poison. Most of the reasons are 193 00:09:53,760 --> 00:09:56,760 Speaker 11: not the reasons that people here dislike. And I should 194 00:09:56,760 --> 00:09:59,800 Speaker 11: add and I should also say it's very important to 195 00:09:59,840 --> 00:10:03,600 Speaker 11: know I think tragically that the business of two states 196 00:10:03,640 --> 00:10:08,200 Speaker 11: and Palestinian rights is not exactly in the center of 197 00:10:08,240 --> 00:10:08,880 Speaker 11: the campaign. 198 00:10:09,559 --> 00:10:12,520 Speaker 3: Let's talk about Gottie Eisencott, whom you profile in the piece. 199 00:10:13,080 --> 00:10:16,120 Speaker 3: He's somebody who knows Natyahu very well. He was in 200 00:10:16,160 --> 00:10:18,600 Speaker 3: the IDF for four decades and the knnessa after that. 201 00:10:19,320 --> 00:10:21,959 Speaker 3: You describe him as the anti BB. Tell us a 202 00:10:22,000 --> 00:10:23,760 Speaker 3: bit about his platform and how it contrasts with what 203 00:10:23,800 --> 00:10:24,760 Speaker 3: we see from the Prime minister. 204 00:10:25,240 --> 00:10:26,120 Speaker 10: Again, I don't. 205 00:10:25,920 --> 00:10:28,920 Speaker 11: Want to mistake eisen Kott for some you know, a 206 00:10:28,960 --> 00:10:31,440 Speaker 11: man of the left. For example, this is somebody who 207 00:10:31,520 --> 00:10:35,719 Speaker 11: is the chief of the General Staff under Nettagna, who 208 00:10:35,720 --> 00:10:37,200 Speaker 11: that's the top military position. 209 00:10:37,240 --> 00:10:39,040 Speaker 10: It's like being the head of the Joint Chiefs. 210 00:10:40,760 --> 00:10:43,280 Speaker 11: But I think that there's a very personal attached to 211 00:10:43,679 --> 00:10:48,520 Speaker 11: Eisencott that israelis no longer have in the main with Nettagne, 212 00:10:48,600 --> 00:10:53,480 Speaker 11: who he's seen as more honest, more sincere, and I 213 00:10:53,520 --> 00:10:57,840 Speaker 11: think that they reflect they see something in him that 214 00:10:57,880 --> 00:11:00,959 Speaker 11: they see in themselves a certain brokenness, a certain damage, 215 00:11:01,080 --> 00:11:03,920 Speaker 11: exemplified by the fact that Eisincott lost his own son 216 00:11:04,640 --> 00:11:05,280 Speaker 11: and two. 217 00:11:05,120 --> 00:11:07,520 Speaker 10: Nephews soon thereafter in the war. 218 00:11:08,640 --> 00:11:10,880 Speaker 11: So there is a certain kind of heart that he 219 00:11:10,960 --> 00:11:15,599 Speaker 11: projects that Netta, who certainly does not a lot of Israelis, 220 00:11:15,679 --> 00:11:22,800 Speaker 11: really resented Netta Yahoo for his seeming indifference to the 221 00:11:22,840 --> 00:11:27,199 Speaker 11: hostages and the hostage families during during the war, and. 222 00:11:27,840 --> 00:11:29,280 Speaker 10: That caused a lot of anger. 223 00:11:29,840 --> 00:11:35,720 Speaker 11: His antipathy, not his antipathy, but seeming indifference to them. 224 00:11:35,480 --> 00:11:36,079 Speaker 6: That surprised me. 225 00:11:36,120 --> 00:11:38,120 Speaker 5: I remember I was talking to a couple hostage families 226 00:11:38,120 --> 00:11:41,280 Speaker 5: who are very conservative and very on the right side politically, 227 00:11:41,280 --> 00:11:44,280 Speaker 5: and we're just absolutely furious at NATANIELO and saying this 228 00:11:44,320 --> 00:11:45,280 Speaker 5: would be his downfall. 229 00:11:45,640 --> 00:11:47,920 Speaker 6: But to your earlier point, so how so far it 230 00:11:48,040 --> 00:11:48,680 Speaker 6: hasn't been. 231 00:11:49,040 --> 00:11:52,720 Speaker 5: Do you think Eisencott because he's not exactly dichotomist? Is 232 00:11:52,760 --> 00:11:54,880 Speaker 5: he a good choice because he's not completely on the 233 00:11:54,880 --> 00:11:57,599 Speaker 5: other side of things? But as you said, it's you 234 00:11:57,640 --> 00:11:59,120 Speaker 5: would never count beb out completely. 235 00:12:00,320 --> 00:12:01,280 Speaker 10: Let me be clear about this. 236 00:12:01,400 --> 00:12:06,080 Speaker 11: Israel is in no way going to elect someone from 237 00:12:06,200 --> 00:12:09,959 Speaker 11: the left as we understand it here. Israel, much as 238 00:12:09,960 --> 00:12:14,199 Speaker 11: you might want them to. Is not going to elect 239 00:12:14,240 --> 00:12:18,160 Speaker 11: someone in this election cycle or anytime soon who makes 240 00:12:18,200 --> 00:12:21,599 Speaker 11: it a priority to talk about the rights of the Palestinians, 241 00:12:22,160 --> 00:12:25,400 Speaker 11: the future of a potential Palestinian state. That is just 242 00:12:25,559 --> 00:12:29,880 Speaker 11: not the agenda. Even Yayrglanos, the head of the Democratic Party, 243 00:12:29,920 --> 00:12:32,360 Speaker 11: when he talks about two states, he talks about it 244 00:12:32,400 --> 00:12:36,120 Speaker 11: in the distant future, whatever that may be. 245 00:12:36,559 --> 00:12:36,679 Speaker 3: Now. 246 00:12:36,720 --> 00:12:39,920 Speaker 11: They were also, i should say, because it's rarely mentioned 247 00:12:39,960 --> 00:12:42,880 Speaker 11: in Israel, a fifth of this country, twenty percent of 248 00:12:42,920 --> 00:12:46,280 Speaker 11: the country are Palestinian citizens of Israel Arabs. 249 00:12:47,000 --> 00:12:48,240 Speaker 10: They also get a vote. 250 00:12:48,320 --> 00:12:53,280 Speaker 11: But in this coalition arrangement and the current political mood 251 00:12:53,320 --> 00:12:56,360 Speaker 11: of Israel, it is an unsayable thing to say that 252 00:12:56,440 --> 00:13:01,000 Speaker 11: you could you'll make a coalition with those voters, which 253 00:13:01,040 --> 00:13:05,040 Speaker 11: complicates matters even more. Netta Yaho is going to and 254 00:13:05,120 --> 00:13:09,439 Speaker 11: is already attacking Eisenkott for being too friendly to Arabs 255 00:13:09,480 --> 00:13:12,840 Speaker 11: or willing to make a government with the Arab of parties. 256 00:13:13,920 --> 00:13:18,280 Speaker 11: This campaign is going to get lower and lower and 257 00:13:18,360 --> 00:13:22,679 Speaker 11: dirtier and dirtier. Nah who speaks the Trumpian language of 258 00:13:23,760 --> 00:13:27,160 Speaker 11: the deep state, and he refers to us meeting the 259 00:13:27,160 --> 00:13:31,280 Speaker 11: press as enemies of the people. There's a real interplay 260 00:13:31,320 --> 00:13:36,280 Speaker 11: between Trump and Natanyahu, a real influence back and forth 261 00:13:36,320 --> 00:13:39,040 Speaker 11: between the two of them, even though their relationship lately 262 00:13:39,040 --> 00:13:39,640 Speaker 11: has suffered. 263 00:13:40,679 --> 00:13:42,320 Speaker 3: I want to talk about that in just a minute, 264 00:13:42,320 --> 00:13:43,880 Speaker 3: but first I wonder if you could draw that contest. 265 00:13:43,920 --> 00:13:46,400 Speaker 3: We talked about the kind of ideological or political contrast, 266 00:13:46,440 --> 00:13:48,560 Speaker 3: but between these two so much as there is one, 267 00:13:49,040 --> 00:13:50,920 Speaker 3: how about in terms of political polish And you're kind 268 00:13:50,920 --> 00:13:52,439 Speaker 3: of getting at that a moment to go. So when 269 00:13:52,440 --> 00:13:54,640 Speaker 3: you were on the campaign trail with him, listening to 270 00:13:54,720 --> 00:13:57,560 Speaker 3: him speak, how different does he present from a Benjamin 271 00:13:57,600 --> 00:13:58,160 Speaker 3: at Yahoo. 272 00:13:59,480 --> 00:14:04,120 Speaker 11: It's not Eisenkott is anything but a polished campaigner. He 273 00:14:04,320 --> 00:14:08,760 Speaker 11: is not an exciting orator. He comes across and you'll 274 00:14:08,760 --> 00:14:13,600 Speaker 11: forgive the iiddishism as a kind of Menshi guy, But 275 00:14:13,679 --> 00:14:16,360 Speaker 11: this is also an army general and the author of 276 00:14:16,400 --> 00:14:21,880 Speaker 11: the Dahia doctrine, which is a rather brutal military doctrine 277 00:14:21,920 --> 00:14:26,280 Speaker 11: of destroying civilian infrastructure as a way to flush out 278 00:14:26,400 --> 00:14:29,080 Speaker 11: terrorists who hide within it, whether it's in Lebanon or 279 00:14:29,240 --> 00:14:34,160 Speaker 11: later in Gaza. But his personal bearing on the stump, 280 00:14:35,480 --> 00:14:39,360 Speaker 11: his imagery in the Israeli imagination is quite different than 281 00:14:39,360 --> 00:14:40,960 Speaker 11: Ettenio was, You're absolutely. 282 00:14:40,680 --> 00:14:44,119 Speaker 5: Right when it comes to the Trump a BB relationship 283 00:14:44,120 --> 00:14:45,239 Speaker 5: that David was referencing. 284 00:14:45,680 --> 00:14:47,400 Speaker 6: It's certainly gone through its ups and downs. 285 00:14:47,480 --> 00:14:50,360 Speaker 5: But previously when campaigning, you know, there were posters of 286 00:14:50,400 --> 00:14:52,160 Speaker 5: the two of them put up across Israel, and he 287 00:14:52,200 --> 00:14:55,600 Speaker 5: was really leading into this relationship. I'm wondering, coming off 288 00:14:55,680 --> 00:14:58,800 Speaker 5: of Iran, if that's something he should be doing. Was 289 00:14:58,840 --> 00:15:03,000 Speaker 5: Iran seen as it's a liability for BB strategically and 290 00:15:03,040 --> 00:15:05,120 Speaker 5: where does that leave his relationship going into the election. 291 00:15:05,560 --> 00:15:08,840 Speaker 11: You make a crucial point, a crucial point, and here's 292 00:15:08,840 --> 00:15:12,160 Speaker 11: the crux of the difference. It's not personality. The crux 293 00:15:12,160 --> 00:15:14,280 Speaker 11: of the difference is that for Netsagne, who it's in 294 00:15:14,320 --> 00:15:18,000 Speaker 11: his greatest political interest for the war to keep going. 295 00:15:19,600 --> 00:15:21,960 Speaker 11: For Trump, he can't get out of this war soon enough, 296 00:15:22,000 --> 00:15:24,640 Speaker 11: even though he seemingly does not know how to, because 297 00:15:25,560 --> 00:15:29,200 Speaker 11: he's in up to his neck Trumps politically, who's facing 298 00:15:29,280 --> 00:15:33,560 Speaker 11: the midterms. He is seeing gas prices soar, he's seeing 299 00:15:33,640 --> 00:15:35,800 Speaker 11: two thirds of the American people or seventy percent of 300 00:15:35,800 --> 00:15:38,520 Speaker 11: the American people against this war, seeing it as a 301 00:15:38,560 --> 00:15:41,040 Speaker 11: strategic disaster, and they don't know why the hell were 302 00:15:41,040 --> 00:15:44,000 Speaker 11: in in the first place, whereas the Israelis have been 303 00:15:44,040 --> 00:15:47,280 Speaker 11: sold a bill of goods, believe it or not, since 304 00:15:47,560 --> 00:15:52,000 Speaker 11: since Netagne, who came on the political scene decades ago, Netannell, 305 00:15:52,040 --> 00:15:54,360 Speaker 11: who has been trying to sell American presidents and going 306 00:15:54,360 --> 00:16:01,920 Speaker 11: to war with Iran since the nineties, and since George W. Bush, Obama, 307 00:16:02,440 --> 00:16:03,960 Speaker 11: any number of presidents, and. 308 00:16:05,720 --> 00:16:07,080 Speaker 10: Trump was the first to say yes. 309 00:16:07,440 --> 00:16:09,880 Speaker 11: But now Trump finds himself looking to get out as 310 00:16:09,960 --> 00:16:13,840 Speaker 11: quickly as possible, and deeply resentful of Nataniell, who he loved, 311 00:16:13,920 --> 00:16:16,240 Speaker 11: Nataya who when he was a winner, and not so 312 00:16:16,320 --> 00:16:18,320 Speaker 11: much when things have gone south. 313 00:16:19,480 --> 00:16:21,760 Speaker 3: Day before you got this job, you were at the post. 314 00:16:21,840 --> 00:16:23,400 Speaker 3: You covered Russian and I think we want to spend 315 00:16:23,440 --> 00:16:25,320 Speaker 3: a couple of minutes talking about that. I mean, there's 316 00:16:25,360 --> 00:16:28,360 Speaker 3: been a lot of conversation among experts about the position 317 00:16:28,400 --> 00:16:31,200 Speaker 3: that Vladimir Putin is in right now. And we see 318 00:16:31,400 --> 00:16:33,680 Speaker 3: the gains that Ukraine has made here in recent months, 319 00:16:33,680 --> 00:16:36,720 Speaker 3: really pushing into Russian territory, and there's this sense that 320 00:16:37,440 --> 00:16:38,960 Speaker 3: if Putin doesn't have his back to the wall, maybe 321 00:16:39,000 --> 00:16:41,720 Speaker 3: it's getting closer to that. How do you think about 322 00:16:41,800 --> 00:16:45,080 Speaker 3: his grip on power and the potential consequences of that 323 00:16:45,200 --> 00:16:47,400 Speaker 3: him being forced in a position where there is more 324 00:16:47,440 --> 00:16:49,680 Speaker 3: vulnerability than we've seen in the last couple of years. 325 00:16:50,240 --> 00:16:53,040 Speaker 11: Let me say what most reporters are unwilling to say 326 00:16:53,160 --> 00:16:54,760 Speaker 11: when faced with a television camera. 327 00:16:55,160 --> 00:16:55,800 Speaker 10: I don't know. 328 00:16:56,160 --> 00:16:59,480 Speaker 11: In other words, there's so as opposed to the Israeli 329 00:16:59,480 --> 00:17:03,360 Speaker 11: political culture, to some extent, the American political culture, which 330 00:17:03,400 --> 00:17:09,520 Speaker 11: is relatively relatively transparent and reportable, the ability to report 331 00:17:09,600 --> 00:17:13,040 Speaker 11: inside the Kremlin and understand what might happen tomorrow in 332 00:17:13,119 --> 00:17:15,879 Speaker 11: terms of opposition and so on and so forth is 333 00:17:16,280 --> 00:17:20,639 Speaker 11: relatively obscure. It's a little bit like the old days 334 00:17:20,840 --> 00:17:25,560 Speaker 11: of you know, in communist times, pre Gorbachev. However, I 335 00:17:25,600 --> 00:17:31,960 Speaker 11: will say that a combination of strategic foolishness, the change 336 00:17:31,960 --> 00:17:36,280 Speaker 11: in military technology, and the sheer will of the Ukrainian 337 00:17:36,359 --> 00:17:39,960 Speaker 11: people has seen after all this time, You're absolutely right, 338 00:17:40,040 --> 00:17:43,760 Speaker 11: or reversal of fortune. And it is deeply embarrassing to 339 00:17:43,840 --> 00:17:47,880 Speaker 11: Vladimir Putin that the Ukrainians are able to send drones 340 00:17:47,960 --> 00:17:52,439 Speaker 11: into Russian territory and take out things like, you know, 341 00:17:53,000 --> 00:17:56,960 Speaker 11: manufacturing depots or energy sites or what have you. This 342 00:17:57,040 --> 00:18:00,000 Speaker 11: is deeply embarrassed, and this is you know, the asymmetric 343 00:18:00,920 --> 00:18:02,679 Speaker 11: kind of war that we've been hearing all about. 344 00:18:02,920 --> 00:18:07,800 Speaker 10: The losses on the Russian side are enormous, enormous. 345 00:18:07,800 --> 00:18:10,600 Speaker 11: No American president would be able to withstand that politically. 346 00:18:11,040 --> 00:18:14,320 Speaker 11: But because Putin is a dictator and there's no feedback 347 00:18:14,359 --> 00:18:18,600 Speaker 11: loop politically, he remains in power. But if you're asking me, 348 00:18:18,720 --> 00:18:22,359 Speaker 11: can he be overthrown tomorrow? The answer, quite honestly, is 349 00:18:22,560 --> 00:18:25,240 Speaker 11: I have no idea, and neither do you. And if 350 00:18:25,280 --> 00:18:28,440 Speaker 11: somebody is telling you different in the press because they 351 00:18:28,440 --> 00:18:32,320 Speaker 11: have an inside source or something, they're guessing, they're guessing. 352 00:18:32,560 --> 00:18:34,560 Speaker 6: Fair enough, but quickly before I let you go. 353 00:18:34,640 --> 00:18:37,439 Speaker 5: I mean, if this is not sustainable for him and 354 00:18:37,520 --> 00:18:40,600 Speaker 5: he's left with two choices, that's capitulate slash negotiate, come 355 00:18:40,640 --> 00:18:43,359 Speaker 5: to the table, figure something out, or with his backup 356 00:18:43,359 --> 00:18:46,919 Speaker 5: against Well, David was saying, do something extreme. Which of 357 00:18:46,920 --> 00:18:48,399 Speaker 5: those directions do you think he goes? 358 00:18:49,160 --> 00:18:49,440 Speaker 8: Well? 359 00:18:49,800 --> 00:18:51,520 Speaker 11: I don't think he wants to be in this situation, 360 00:18:51,640 --> 00:18:55,440 Speaker 11: but the humiliation of withdrawal to him would be extraordinary. 361 00:18:55,520 --> 00:18:59,879 Speaker 11: He staked his entire political biography and being on the 362 00:19:00,680 --> 00:19:06,080 Speaker 11: idiotic and brutal war, absolutely staked upon it. And it 363 00:19:06,080 --> 00:19:09,639 Speaker 11: would not surprise me that what might bring an end 364 00:19:09,680 --> 00:19:11,880 Speaker 11: to it is mortality. 365 00:19:13,000 --> 00:19:13,720 Speaker 10: Mortality. 366 00:19:16,920 --> 00:19:19,119 Speaker 6: Stay with us for more on Bloomberg this weekend. 367 00:19:19,359 --> 00:19:34,920 Speaker 5: Right after this, FIFA President Johnny and Fantino has abandoned 368 00:19:34,920 --> 00:19:38,640 Speaker 5: a controversial plan to create a commercial entity that would 369 00:19:38,640 --> 00:19:41,159 Speaker 5: have opened the door to outside investors for the World 370 00:19:41,160 --> 00:19:46,320 Speaker 5: Cup after facing intense opposition from key regional football bodies 371 00:19:46,359 --> 00:19:47,240 Speaker 5: and top clubs. 372 00:19:47,280 --> 00:19:50,120 Speaker 3: In a statement posted by FIFA to ex Infantino said quote, 373 00:19:50,359 --> 00:19:53,160 Speaker 3: having listened carefully to all the views, it's become clear 374 00:19:53,160 --> 00:19:55,800 Speaker 3: that the project has created divisions of a nature that, 375 00:19:55,880 --> 00:19:58,399 Speaker 3: regardless of the level of support, are no longer in 376 00:19:58,440 --> 00:20:00,800 Speaker 3: the interest of the objective set out out in the 377 00:20:00,840 --> 00:20:04,440 Speaker 3: first place. Joonie Studs, Bloomberg Senior sports supporter Randa Williams Randall, 378 00:20:04,480 --> 00:20:06,119 Speaker 3: great to see you, and let me just start about 379 00:20:06,200 --> 00:20:09,800 Speaker 3: start with kind of how far Johnny Infantino has fallen here. 380 00:20:09,840 --> 00:20:12,199 Speaker 3: He was all over the country, all over the hemisphere 381 00:20:12,560 --> 00:20:13,440 Speaker 3: during the World Cup. 382 00:20:13,440 --> 00:20:14,920 Speaker 5: I we just do a story on you, like more 383 00:20:15,000 --> 00:20:16,680 Speaker 5: jet miles than almost anybody. 384 00:20:16,320 --> 00:20:19,800 Speaker 3: Else, cruising around in that Gulf stream up for reelection 385 00:20:19,920 --> 00:20:22,840 Speaker 3: in March, enjoying quite a bit of support. Let's just 386 00:20:22,840 --> 00:20:24,760 Speaker 3: start with the genesis of this idea, Where did it 387 00:20:24,800 --> 00:20:27,040 Speaker 3: come from? On the heels of a fifteen billion dollar 388 00:20:27,080 --> 00:20:28,560 Speaker 3: World Cup? Why did you feel like this was the 389 00:20:28,560 --> 00:20:32,200 Speaker 3: moment to kind of push forward this planet's falling apart? 390 00:20:32,800 --> 00:20:36,720 Speaker 13: Well, Bloomberg previously reported that this was in progress way 391 00:20:36,880 --> 00:20:39,480 Speaker 13: before the World Cup started, And so I imagine that 392 00:20:39,600 --> 00:20:42,280 Speaker 13: Johnny and Thankina knew that this World Cup was going 393 00:20:42,640 --> 00:20:45,120 Speaker 13: to be the most successful yet in large part because 394 00:20:45,160 --> 00:20:48,840 Speaker 13: the US, Canada and Mexico has stadiums set up unlike 395 00:20:48,880 --> 00:20:51,000 Speaker 13: any other country in the world. And so he's looking 396 00:20:51,040 --> 00:20:52,560 Speaker 13: at it and saying, Okay, we're going to make more 397 00:20:52,640 --> 00:20:54,600 Speaker 13: money than we've ever made. But why don't we make 398 00:20:54,680 --> 00:20:57,360 Speaker 13: even more money than that? I have this private deal 399 00:20:57,400 --> 00:20:59,520 Speaker 13: set up. It's good for everybody. And then you a 400 00:20:59,680 --> 00:21:02,000 Speaker 13: finda cast would have stomped on that. And now he 401 00:21:02,200 --> 00:21:03,520 Speaker 13: is in big trouble. 402 00:21:04,040 --> 00:21:06,560 Speaker 5: Yeah, we have a statement this morning from UEFA. It 403 00:21:06,600 --> 00:21:09,200 Speaker 5: says it welcomes FIFA's withdrawal of plans of seal stake 404 00:21:09,240 --> 00:21:11,120 Speaker 5: in the World Cup. But it goes on and says 405 00:21:11,119 --> 00:21:13,560 Speaker 5: we cannot keep going on like this with secret schemes 406 00:21:13,560 --> 00:21:17,040 Speaker 5: on fast track time scales cooked up by faceless individuals 407 00:21:17,359 --> 00:21:19,920 Speaker 5: and a dubious benefit to the game. We must identify 408 00:21:19,960 --> 00:21:22,960 Speaker 5: those responsible and hold them to account. The current FIFA 409 00:21:23,040 --> 00:21:26,280 Speaker 5: leadership has not only lost UEFA's confidence, but also that 410 00:21:26,359 --> 00:21:28,840 Speaker 5: of many other members of the football family. 411 00:21:28,880 --> 00:21:30,399 Speaker 6: I mean we were talking, how do you really feel 412 00:21:30,440 --> 00:21:30,520 Speaker 6: you A? 413 00:21:30,920 --> 00:21:32,080 Speaker 3: I feel that right. 414 00:21:32,680 --> 00:21:33,640 Speaker 8: I mean, that's not a lot. 415 00:21:33,520 --> 00:21:35,880 Speaker 6: Of subtlety there, Randall. But is this real? 416 00:21:35,960 --> 00:21:38,200 Speaker 5: I mean, he had kind of shored up his position 417 00:21:38,560 --> 00:21:41,280 Speaker 5: so that he couldn't be kicked out, but it seems 418 00:21:41,320 --> 00:21:42,520 Speaker 5: like that maybe a reality. 419 00:21:43,920 --> 00:21:46,840 Speaker 13: Yeah, it's a big question going forward. And you mentioned 420 00:21:46,840 --> 00:21:49,480 Speaker 13: his reelection in March. I imagine that this puts a 421 00:21:49,520 --> 00:21:51,560 Speaker 13: lot of question marks around it because they go on 422 00:21:51,800 --> 00:21:55,919 Speaker 13: to say that the shabby, backroom, opaque deal he hatched 423 00:21:55,960 --> 00:21:58,840 Speaker 13: and tried to force through was anything but transparent, and 424 00:21:58,840 --> 00:22:01,280 Speaker 13: with reserves standing at over five billion dollars, he has 425 00:22:01,280 --> 00:22:04,280 Speaker 13: failed to use association's money for the benefit of the game. 426 00:22:04,600 --> 00:22:06,760 Speaker 8: And so they're basically saying, we don't trust you anymore. 427 00:22:06,840 --> 00:22:08,680 Speaker 13: You have five billion dollars in your bank account, why 428 00:22:08,720 --> 00:22:11,520 Speaker 13: do you why do we need twenty billion dollars more? 429 00:22:11,560 --> 00:22:13,479 Speaker 13: And why did the world need this four point two 430 00:22:13,520 --> 00:22:17,520 Speaker 13: billion dollar deal with Joshua Kushner Strive Capital he is. 431 00:22:17,800 --> 00:22:19,760 Speaker 13: I think he's going to have to do some campaigning 432 00:22:19,800 --> 00:22:21,320 Speaker 13: to keep his job come March. 433 00:22:22,760 --> 00:22:26,639 Speaker 3: Last I checked FIFA a nonprofit entity. How should we 434 00:22:26,680 --> 00:22:29,119 Speaker 3: think about this in the context of that. You mentioned 435 00:22:29,160 --> 00:22:33,120 Speaker 3: Joshua Kushner, Thrive Capital, the fund that he was creating here, 436 00:22:33,280 --> 00:22:35,520 Speaker 3: the work that he's done with past athletic teams. This 437 00:22:35,560 --> 00:22:37,480 Speaker 3: is a departure from the way that FIFA has operated 438 00:22:37,520 --> 00:22:40,160 Speaker 3: for for a long time. Or should we no longer 439 00:22:40,200 --> 00:22:42,159 Speaker 3: regard it as a nonprofit edity? How did Johnny and 440 00:22:42,200 --> 00:22:44,040 Speaker 3: Fantina kind of make the case that what he's doing 441 00:22:44,040 --> 00:22:46,440 Speaker 3: here wasn't jeopardizing that categorization. 442 00:22:47,480 --> 00:22:49,679 Speaker 13: Well, it has to be a nonprofit now that his 443 00:22:49,800 --> 00:22:53,119 Speaker 13: deal failed you. I think if you look at a 444 00:22:53,160 --> 00:22:56,000 Speaker 13: comparison of this, people are talking about this in comparison 445 00:22:56,040 --> 00:22:59,040 Speaker 13: to the PGA Tour versus the PGA Tour Enterprises, which 446 00:22:59,080 --> 00:23:01,840 Speaker 13: is the tour's for profit arm. But that came about 447 00:23:01,880 --> 00:23:05,760 Speaker 13: because Live Golf was actively threatening the PGA Tour. There 448 00:23:05,800 --> 00:23:08,680 Speaker 13: was a legitimate rivalry between those two organizations for a 449 00:23:08,720 --> 00:23:11,880 Speaker 13: couple of years, and the PGA tor Enterprises helped settle that. 450 00:23:11,920 --> 00:23:14,840 Speaker 13: It helped right some wrongs and helped steer golf in 451 00:23:14,840 --> 00:23:17,600 Speaker 13: the right direction. And so that was with the PGA 452 00:23:17,640 --> 00:23:20,679 Speaker 13: tors version and it's been welcomed by everybody involved in 453 00:23:20,720 --> 00:23:23,240 Speaker 13: the golf world. This was not this is this was 454 00:23:23,280 --> 00:23:25,040 Speaker 13: as if you know, the PGA Tour did it. And 455 00:23:25,080 --> 00:23:27,679 Speaker 13: then the players said no, this is not right. And 456 00:23:27,720 --> 00:23:31,119 Speaker 13: so from FFUs perspective, it's like you can't have a 457 00:23:31,119 --> 00:23:35,560 Speaker 13: for profit arm because France, England, Portugal, Germany and so 458 00:23:35,640 --> 00:23:38,159 Speaker 13: many other superpower nations are saying we don't trust your 459 00:23:38,160 --> 00:23:39,280 Speaker 13: money and we don't trust your head. 460 00:23:39,280 --> 00:23:41,600 Speaker 9: Figure, how did he get here? 461 00:23:41,680 --> 00:23:43,760 Speaker 5: Is this a bit of a self owned because you 462 00:23:43,800 --> 00:23:46,439 Speaker 5: look at where he was in his position and then 463 00:23:46,480 --> 00:23:49,240 Speaker 5: there was a controversy with the red card, his closeness 464 00:23:49,280 --> 00:23:51,320 Speaker 5: to President Trump, and it just seems like he thought 465 00:23:51,320 --> 00:23:54,640 Speaker 5: he had political capital that he didn't really have, especially 466 00:23:54,640 --> 00:23:56,760 Speaker 5: coming off of some of those other controversies. 467 00:23:57,600 --> 00:24:00,840 Speaker 13: Well, it's really interesting, like President Trump said yesterday that 468 00:24:00,920 --> 00:24:03,960 Speaker 13: Gianni and Fantino and he did not discuss this deal. 469 00:24:04,000 --> 00:24:06,840 Speaker 13: I wonder what would have happened if they did. But 470 00:24:06,920 --> 00:24:10,160 Speaker 13: if you go back farther than the flow Balligan controversy, 471 00:24:10,400 --> 00:24:12,600 Speaker 13: Gianny and Fantino, I would say has been pandering to 472 00:24:12,680 --> 00:24:15,879 Speaker 13: President Trump for over a year now. President Trump received 473 00:24:15,920 --> 00:24:18,520 Speaker 13: a peace prize in December. I want to say less 474 00:24:18,520 --> 00:24:21,320 Speaker 13: than thirty days later, maybe a little over thirty days later, 475 00:24:21,400 --> 00:24:25,080 Speaker 13: we went and seized Venezuela's president. Sixty days after that, 476 00:24:25,200 --> 00:24:28,160 Speaker 13: we went to war in Iran. And so FIFA's pandering 477 00:24:28,200 --> 00:24:32,120 Speaker 13: to President Trump has long made Yuefa and other members 478 00:24:32,240 --> 00:24:36,840 Speaker 13: of FIFA very very uncomfortable you think about outside of politics. 479 00:24:36,960 --> 00:24:38,280 Speaker 8: We also had hydration breaks. 480 00:24:38,320 --> 00:24:41,080 Speaker 13: Those things are not normal in soccer DUEFA was not 481 00:24:41,119 --> 00:24:43,720 Speaker 13: a fan of that either, And ultimately those things were 482 00:24:43,720 --> 00:24:44,920 Speaker 13: to maximize revenue. 483 00:24:45,080 --> 00:24:46,959 Speaker 8: The claim was that it was going to be very 484 00:24:47,080 --> 00:24:50,159 Speaker 8: very hot during the summer, but really it wasn't. In 485 00:24:50,320 --> 00:24:53,040 Speaker 8: different climates like Miami. 486 00:24:53,040 --> 00:24:55,679 Speaker 13: Of course they might have needed them, but here in 487 00:24:55,720 --> 00:24:58,000 Speaker 13: New York it was not sweltering. 488 00:24:58,880 --> 00:25:02,600 Speaker 3: Those sprinklers on every quarter they have all right, let 489 00:25:02,600 --> 00:25:04,280 Speaker 3: me ask you just sort of about where things go 490 00:25:04,320 --> 00:25:05,800 Speaker 3: from here. And I think we've seen the power of 491 00:25:05,840 --> 00:25:10,360 Speaker 3: these other groups, UEFA, the kind of the Asian Federation. 492 00:25:11,000 --> 00:25:12,560 Speaker 3: What does that tell you just about the power that 493 00:25:12,560 --> 00:25:14,040 Speaker 3: FIFA holds generally. I think there are a lot of 494 00:25:14,080 --> 00:25:16,760 Speaker 3: folks kind of coming to this story cold unaware of 495 00:25:16,800 --> 00:25:19,000 Speaker 3: the power that FIFA has had historically. But what does 496 00:25:19,040 --> 00:25:21,520 Speaker 3: it tell us that these kind of regional federations have 497 00:25:21,640 --> 00:25:23,920 Speaker 3: wielded and continue to wield a lot of powered influence 498 00:25:23,920 --> 00:25:24,600 Speaker 3: here going forward. 499 00:25:25,640 --> 00:25:27,600 Speaker 8: Well, FIFA's main event is the World Cup. 500 00:25:27,760 --> 00:25:30,480 Speaker 13: They have been trying to build other events, both the 501 00:25:30,480 --> 00:25:32,720 Speaker 13: Men's and Women's World Cup, and they added the Club 502 00:25:32,760 --> 00:25:35,920 Speaker 13: World Cup, which sees you know, clubs like Real Madrid 503 00:25:35,920 --> 00:25:40,400 Speaker 13: and FC Barcelona as well as in Miami compete. 504 00:25:40,440 --> 00:25:42,720 Speaker 8: But outside of that, that's what FIFA is known for. 505 00:25:43,200 --> 00:25:46,760 Speaker 13: The UEFA is known for the EuroLeague, excuse me, the 506 00:25:46,840 --> 00:25:49,520 Speaker 13: Champions League, the euro Cup, and then you go all 507 00:25:49,560 --> 00:25:53,720 Speaker 13: around the world in different federations have different tournaments that 508 00:25:54,040 --> 00:25:57,040 Speaker 13: players think of similarly to the World Cup. Now, of course, 509 00:25:57,040 --> 00:25:59,680 Speaker 13: the World Cup is the big prize that everybody wants 510 00:25:59,680 --> 00:26:02,200 Speaker 13: to win, but if that's your only thing, then everybody 511 00:26:02,240 --> 00:26:03,840 Speaker 13: is sort of looking at you and saying, you know, 512 00:26:03,920 --> 00:26:05,920 Speaker 13: why don't you just stick to the formula of what 513 00:26:05,960 --> 00:26:09,120 Speaker 13: you had. The World Club has worked every four years 514 00:26:09,160 --> 00:26:12,000 Speaker 13: for both men's and women's. It's more popular than it's 515 00:26:12,040 --> 00:26:14,880 Speaker 13: ever been. You know, it's made more money than it's 516 00:26:14,880 --> 00:26:17,760 Speaker 13: ever been. So why does this twenty million dollar deal 517 00:26:18,000 --> 00:26:18,760 Speaker 13: need to happen. 518 00:26:18,800 --> 00:26:20,640 Speaker 8: And I think that, you know, in. 519 00:26:20,680 --> 00:26:22,840 Speaker 13: Terms of the power that these organizations have, we just 520 00:26:22,880 --> 00:26:26,320 Speaker 13: saw witness. We saw UEFA and Concacast stomp on this 521 00:26:26,400 --> 00:26:28,879 Speaker 13: and say we're out, and next thing you know, within 522 00:26:29,000 --> 00:26:32,080 Speaker 13: forty eight hours or maybe seventy two hours, this deal 523 00:26:32,160 --> 00:26:32,440 Speaker 13: is dead. 524 00:26:32,960 --> 00:26:35,000 Speaker 5: All right, Rada Williams, thank you so much for joining 525 00:26:35,080 --> 00:26:36,600 Speaker 5: us and breaking that down. You are, of course, our 526 00:26:36,680 --> 00:26:39,360 Speaker 5: senior business of sports reporter and the host of Sports 527 00:26:39,359 --> 00:26:41,920 Speaker 5: City and the co host of the Business Sports podcast. 528 00:26:43,960 --> 00:26:47,080 Speaker 4: Stay with us for more on Bloomberg this weekend. 529 00:26:47,440 --> 00:27:01,040 Speaker 3: Right after this, well, here we are Bloomber this weekend. 530 00:27:01,119 --> 00:27:03,160 Speaker 3: Time for the pointed news quiz. 531 00:27:03,680 --> 00:27:06,760 Speaker 5: I'm feeling very outnumbered and like collusion is about. 532 00:27:06,640 --> 00:27:08,920 Speaker 3: Well, there's no collusion. I just want to emphasize that 533 00:27:09,000 --> 00:27:11,320 Speaker 3: this is a self regulated body, but there was no 534 00:27:12,720 --> 00:27:13,639 Speaker 3: empty Are. 535 00:27:13,480 --> 00:27:14,160 Speaker 6: We a nonprofit? 536 00:27:14,200 --> 00:27:15,639 Speaker 9: Should we be a nonprofit like FIFA. 537 00:27:15,720 --> 00:27:18,600 Speaker 14: We're thinking about some investment on broad definition of the terms. 538 00:27:18,600 --> 00:27:20,400 Speaker 3: Tim stat of a fully in for Lisa Mateo today 539 00:27:20,440 --> 00:27:21,840 Speaker 3: quite capably, I must dad. 540 00:27:21,880 --> 00:27:22,680 Speaker 12: Well, it is the moment. 541 00:27:22,720 --> 00:27:25,040 Speaker 14: Thank you, by the waylcome, it's it's. 542 00:27:24,960 --> 00:27:26,480 Speaker 9: The capable. 543 00:27:27,680 --> 00:27:28,959 Speaker 14: Waiting Yes, I agree. 544 00:27:29,000 --> 00:27:31,360 Speaker 12: This is the pointed news quiz. Yes, you can play 545 00:27:31,359 --> 00:27:34,640 Speaker 12: along at home if you have never played just Bloomberg 546 00:27:34,680 --> 00:27:36,480 Speaker 12: dot com slash pointed. You can do it on your 547 00:27:36,480 --> 00:27:39,879 Speaker 12: mobile device or on your computer. Pay attention, though, because 548 00:27:40,000 --> 00:27:40,680 Speaker 12: he's the rules. 549 00:27:40,760 --> 00:27:41,439 Speaker 3: What are the rules? 550 00:27:41,560 --> 00:27:41,840 Speaker 14: All right? 551 00:27:41,880 --> 00:27:42,960 Speaker 12: You guys each have thirty chips? 552 00:27:43,040 --> 00:27:44,240 Speaker 3: Yes, yes, thereabouts. 553 00:27:44,280 --> 00:27:45,560 Speaker 14: I feel like way bets. 554 00:27:45,600 --> 00:27:47,439 Speaker 12: They look like they could be. Don't you replace your 555 00:27:47,480 --> 00:27:51,040 Speaker 12: bets on each category? Depending on how you really feel 556 00:27:51,200 --> 00:27:53,720 Speaker 12: about these categories? Here the category I level of confidence? 557 00:27:53,800 --> 00:27:54,040 Speaker 14: All right? 558 00:27:54,080 --> 00:27:57,240 Speaker 3: Categories Here the category I'm interrupt He doesn't like my interruptions. 559 00:27:56,760 --> 00:27:59,359 Speaker 9: Like you're derailing his motive. 560 00:27:59,440 --> 00:28:00,879 Speaker 12: Stop it, d I just want to make sure we 561 00:28:00,880 --> 00:28:01,760 Speaker 12: have time to get I'm sorry. 562 00:28:01,800 --> 00:28:04,080 Speaker 3: Okay, all right, here the category there's. 563 00:28:03,560 --> 00:28:05,760 Speaker 12: They're not just categories, but a bonus question too. All right, 564 00:28:05,800 --> 00:28:12,000 Speaker 12: don't tell us that online shopping online shopping sandwiches. Car 565 00:28:12,119 --> 00:28:14,160 Speaker 12: chargers okay, car chargers. 566 00:28:14,560 --> 00:28:16,399 Speaker 6: EV chargers are like a charger for my phone in 567 00:28:16,440 --> 00:28:16,600 Speaker 6: the car. 568 00:28:16,680 --> 00:28:19,320 Speaker 12: You'll find out. Okay, interesting, we're actually going to go 569 00:28:19,359 --> 00:28:20,120 Speaker 12: a little bit out of order. 570 00:28:20,119 --> 00:28:22,480 Speaker 3: Okay, we are, Yeah, that's not how this. 571 00:28:22,640 --> 00:28:26,280 Speaker 12: No, we're not going to go out I kind of 572 00:28:26,280 --> 00:28:27,120 Speaker 12: want to change it up. 573 00:28:28,520 --> 00:28:29,560 Speaker 3: All right, I'm ready. 574 00:28:29,560 --> 00:28:30,840 Speaker 9: All right, I'm going to split across. 575 00:28:30,880 --> 00:28:33,639 Speaker 3: Oh you're really I feel confident in my sandwich knowledge. 576 00:28:33,720 --> 00:28:37,520 Speaker 5: Okay, I feel confident your sandwich knowledge. Okay, okay, are 577 00:28:37,560 --> 00:28:37,880 Speaker 5: you ready? 578 00:28:37,880 --> 00:28:38,320 Speaker 3: I'm ready? 579 00:28:38,320 --> 00:28:42,520 Speaker 14: All right, first category, we're going with online shopping. 580 00:28:42,880 --> 00:28:43,640 Speaker 12: Let's go with sandwiches. 581 00:28:43,680 --> 00:28:45,600 Speaker 3: Actually, oh really yeah, I got to move that of ear. 582 00:28:45,720 --> 00:28:52,040 Speaker 12: Okay, all right, sandwiches. Excitement impatience baby like wonder, says 583 00:28:52,080 --> 00:28:55,240 Speaker 12: what spokesman in an ad for the recently I POD 584 00:28:55,800 --> 00:28:57,160 Speaker 12: Jersey mics. 585 00:28:57,040 --> 00:28:57,800 Speaker 3: Say that one we're talking. 586 00:28:58,000 --> 00:28:58,600 Speaker 9: What's the question? 587 00:28:58,920 --> 00:29:04,520 Speaker 12: Excitement impatience, baby like wonder, says what spokesman an ad 588 00:29:04,520 --> 00:29:07,040 Speaker 12: for the recently I p O for his name. 589 00:29:09,080 --> 00:29:10,440 Speaker 3: You know, this was a major I p O this 590 00:29:10,480 --> 00:29:13,320 Speaker 3: week as we saw this move into consumer I pos 591 00:29:13,480 --> 00:29:14,280 Speaker 3: And have you. 592 00:29:14,240 --> 00:29:15,200 Speaker 12: Guys been to Jersey Mikes? 593 00:29:15,240 --> 00:29:16,560 Speaker 3: I used to go growing up. I haven't been in 594 00:29:16,600 --> 00:29:19,000 Speaker 3: a long time. You order by number, you pick a sandwich, 595 00:29:19,360 --> 00:29:20,480 Speaker 3: really miracle menu? 596 00:29:21,240 --> 00:29:22,080 Speaker 12: Okay, what do you have? 597 00:29:22,360 --> 00:29:23,680 Speaker 6: Christina Jersey Mike? 598 00:29:23,680 --> 00:29:24,080 Speaker 7: I don't know that. 599 00:29:25,680 --> 00:29:28,040 Speaker 12: David's right there. 600 00:29:28,040 --> 00:29:31,080 Speaker 14: He is, you can see him right there with and 601 00:29:31,120 --> 00:29:32,120 Speaker 14: a Manning Brother. 602 00:29:35,040 --> 00:29:35,360 Speaker 9: Interview. 603 00:29:36,040 --> 00:29:38,640 Speaker 5: I read two articles Danny DeVito was never mentioned. 604 00:29:38,640 --> 00:29:40,600 Speaker 3: And I have ten of your tokens to give to you. 605 00:29:40,640 --> 00:29:43,160 Speaker 3: Don't get them, you have to hand them over there 606 00:29:43,160 --> 00:29:43,480 Speaker 3: you go. 607 00:29:43,840 --> 00:29:47,120 Speaker 9: All right, Well, okay, Lisa, so much, Lisa. 608 00:29:46,840 --> 00:29:49,440 Speaker 12: All right, play along at home. Bloomberg dot Com flash point, 609 00:29:49,480 --> 00:29:56,160 Speaker 12: all right, what's we're there? I'm leaving the online shopping 610 00:29:56,760 --> 00:30:01,400 Speaker 12: marketplace vented, vented, spell for me, vented, v I n 611 00:30:01,520 --> 00:30:03,160 Speaker 12: t ed vnted. 612 00:30:02,920 --> 00:30:05,240 Speaker 3: Like vented with an eye exact vintage. 613 00:30:05,480 --> 00:30:08,200 Speaker 12: It's expanding into the US and molling an I p O. 614 00:30:09,360 --> 00:30:11,280 Speaker 12: What type of product is sold? 615 00:30:12,760 --> 00:30:13,480 Speaker 10: Nt answer? 616 00:30:13,720 --> 00:30:24,080 Speaker 3: Vented vented like vin Vin diesel Vin vintage. All right, 617 00:30:25,920 --> 00:30:28,880 Speaker 3: I think I'm gonna go with that, Okay. 618 00:30:29,040 --> 00:30:31,960 Speaker 12: I love to hear in the music, Christina says, it's 619 00:30:31,960 --> 00:30:34,320 Speaker 12: like you second hand clothing, clothing, vintage clothing. 620 00:30:34,680 --> 00:30:37,720 Speaker 5: It's not all vintage. It's like second hand fashion stuff. 621 00:30:37,440 --> 00:30:41,440 Speaker 12: Personally, except that as a correct answer, Wow, David, vintage clothing. Yeah, 622 00:30:41,520 --> 00:30:42,760 Speaker 12: second hand clothing. 623 00:30:42,440 --> 00:30:45,440 Speaker 3: Is all right, excellent, gave you the great I was 624 00:30:45,480 --> 00:30:48,000 Speaker 3: going to say, yeah, spelled it out to the course 625 00:30:48,000 --> 00:30:49,880 Speaker 3: of this vintage vinted tell me more about it. 626 00:30:51,160 --> 00:30:53,840 Speaker 12: Yeah, it's yours largest online clothing resell market. Do you 627 00:30:53,840 --> 00:30:54,240 Speaker 12: know about this? 628 00:30:54,480 --> 00:30:56,640 Speaker 5: Yeah, and they're really popular because they don't charge a 629 00:30:56,680 --> 00:30:59,520 Speaker 5: fee to the seller, so you can sell your clothes 630 00:30:59,520 --> 00:31:01,360 Speaker 5: and get more money for them. Because anybody who's tried 631 00:31:01,360 --> 00:31:03,680 Speaker 5: to second hand retail online you get hardly anything for it. 632 00:31:03,760 --> 00:31:05,320 Speaker 5: You get more if you list on vinted. 633 00:31:06,840 --> 00:31:08,880 Speaker 3: You do. Yeah, have you found one in the city 634 00:31:08,920 --> 00:31:11,480 Speaker 3: yet that you enjoy? Okay, you don't have to reveal 635 00:31:11,520 --> 00:31:12,000 Speaker 3: them on here. 636 00:31:12,360 --> 00:31:14,560 Speaker 12: This was founded in two thousand and eight in Lithuania 637 00:31:15,040 --> 00:31:17,520 Speaker 12: and it's process twelve point three billion dollars worth of 638 00:31:17,520 --> 00:31:19,520 Speaker 12: secondhand clothing West last year. 639 00:31:19,520 --> 00:31:22,000 Speaker 3: It's a big men's clothing and women's I think, so, 640 00:31:22,120 --> 00:31:24,280 Speaker 3: I don't know, is it? I think? So stay tuned 641 00:31:24,280 --> 00:31:24,600 Speaker 3: next week. 642 00:31:24,640 --> 00:31:27,200 Speaker 14: Usually I mean to them. Yeah, usually usually it's easier to. 643 00:31:27,240 --> 00:31:29,240 Speaker 9: I'll find you boys. Some blazers, don't worry, all right. 644 00:31:29,240 --> 00:31:31,320 Speaker 3: Third question? All right, I bet nothing on this, so 645 00:31:31,960 --> 00:31:32,720 Speaker 3: I'm just caring. 646 00:31:33,280 --> 00:31:34,840 Speaker 12: What are we doing? You guys are car chargers. You 647 00:31:34,840 --> 00:31:35,920 Speaker 12: guys are tied one to one. 648 00:31:36,360 --> 00:31:38,040 Speaker 3: The way I bet twenty on that first one. 649 00:31:38,040 --> 00:31:39,400 Speaker 5: I think I get half a point for his because 650 00:31:39,400 --> 00:31:40,160 Speaker 5: I gave him the answer. 651 00:31:40,440 --> 00:31:42,120 Speaker 12: All right, Well, you keep you guys can keep track 652 00:31:42,160 --> 00:31:46,720 Speaker 12: of the masks car chargers. What retailer is second only 653 00:31:46,760 --> 00:31:50,040 Speaker 12: to Tesla in expanding its EV charging network in the 654 00:31:50,080 --> 00:31:53,640 Speaker 12: second quarter. It's also the nation's largest grocer. 655 00:31:54,520 --> 00:31:56,720 Speaker 3: I do know this one nation's largest grocer. 656 00:31:56,760 --> 00:31:58,480 Speaker 12: Maybe I shouldn't have given that for a clue. 657 00:31:58,560 --> 00:31:58,800 Speaker 14: It's ok. 658 00:31:58,920 --> 00:32:03,680 Speaker 3: I don't know about that good thing. I didn't bet 659 00:32:03,680 --> 00:32:06,200 Speaker 3: any chips on it, I wrote Kroger. 660 00:32:06,520 --> 00:32:10,640 Speaker 12: Walmart Christina is right. Walmart is betting its investment in 661 00:32:10,720 --> 00:32:14,600 Speaker 12: EV ports juice sales inside its stores, since drivers need 662 00:32:14,640 --> 00:32:17,840 Speaker 12: something to do while their cars are charging. Yes, Walmart 663 00:32:17,880 --> 00:32:20,959 Speaker 12: is creating one of the country's largest EV charging networks, 664 00:32:20,960 --> 00:32:22,800 Speaker 12: nearly three hundred and fifty stations spread among its forty 665 00:32:22,800 --> 00:32:23,440 Speaker 12: six hundred stores. 666 00:32:23,640 --> 00:32:24,680 Speaker 9: It was the largest gross. 667 00:32:24,680 --> 00:32:25,760 Speaker 3: I guess we have time for a bonus. 668 00:32:25,960 --> 00:32:26,360 Speaker 12: We have time. 669 00:32:26,400 --> 00:32:27,240 Speaker 3: I don't need it, but we. 670 00:32:27,200 --> 00:32:28,320 Speaker 12: Have time for a bonus. 671 00:32:28,400 --> 00:32:29,040 Speaker 6: We're time. 672 00:32:31,320 --> 00:32:33,000 Speaker 3: You have twenty all right? 673 00:32:33,040 --> 00:32:36,040 Speaker 14: All right, okay, alright, that's the category. 674 00:32:36,040 --> 00:32:36,640 Speaker 3: All right one? 675 00:32:36,840 --> 00:32:39,280 Speaker 12: Which country will host Formula one for the first time 676 00:32:39,280 --> 00:32:43,560 Speaker 12: in nine years after agreeing to take on Bahrains postponed 677 00:32:43,680 --> 00:32:44,200 Speaker 12: Grand Prix. 678 00:32:44,760 --> 00:32:47,000 Speaker 14: What's it going to be? I don't know, I really 679 00:32:47,040 --> 00:32:47,520 Speaker 14: don't know. 680 00:32:49,760 --> 00:32:50,800 Speaker 12: It's going to be called. 681 00:32:53,400 --> 00:32:56,080 Speaker 3: Kid, I wrote, Saudi Arabia. 682 00:32:56,160 --> 00:32:58,520 Speaker 12: Oh okay, neither of you got it right. That's good. 683 00:32:58,800 --> 00:33:02,160 Speaker 12: It's it's Malaysia, Malaysia. I'll be hosting the event. It's 684 00:33:02,160 --> 00:33:04,520 Speaker 12: going to be called Bahrain Grand Prix in Malaysia was 685 00:33:04,560 --> 00:33:06,560 Speaker 12: postponed due to disruption caused by the war in the 686 00:33:06,600 --> 00:33:10,040 Speaker 12: Middle East. Malaysia actually hosted F one races for nineteen seasons, 687 00:33:10,080 --> 00:33:13,080 Speaker 12: but were retired of the expensive staging fees and falling 688 00:33:13,080 --> 00:33:15,240 Speaker 12: ticket at our expensive I remember there. 689 00:33:15,200 --> 00:33:16,560 Speaker 9: Used to be a race in Malaysia. 690 00:33:18,040 --> 00:33:18,520 Speaker 14: Yes, bye. 691 00:33:18,520 --> 00:33:19,959 Speaker 9: Watch the Netflix show back in the day. 692 00:33:20,000 --> 00:33:21,520 Speaker 3: Tim Sik, thank you very much. Happened to win three 693 00:33:21,520 --> 00:33:24,480 Speaker 3: weeks in a row, David Gerrol winning pointed with Simsonaglaht. 694 00:33:24,520 --> 00:33:27,040 Speaker 3: So you can test your knowledge on all ten questions. 695 00:33:26,640 --> 00:33:29,160 Speaker 5: Good sport when my winning streak was going hot, take the. 696 00:33:29,160 --> 00:33:31,040 Speaker 3: Point of news quiz at Blomberg dot Com. Slash pointed 697 00:33:31,040 --> 00:33:33,400 Speaker 3: on the Bloomberg Business app. It is available as well. 698 00:33:34,040 --> 00:33:34,720 Speaker 9: Thank you for joining it. 699 00:33:34,920 --> 00:33:40,320 Speaker 2: Luck next week, Thanks for joining us on today's Bloomberg 700 00:33:40,320 --> 00:33:43,000 Speaker 2: This Weekend podcast. Don't forget to tune in live for 701 00:33:43,040 --> 00:33:45,720 Speaker 2: the show every Saturday and Sunday morning, starting at seven 702 00:33:45,760 --> 00:33:46,400 Speaker 2: am Eastern. 703 00:33:46,480 --> 00:33:49,480 Speaker 3: We're on Bloomberg Television, Radio, and the Bloomberg Business App, 704 00:33:49,600 --> 00:33:53,080 Speaker 3: bringing you unique takes and in depth interviews on news, politics, 705 00:33:53,160 --> 00:33:54,360 Speaker 3: lifestyle and culture.