1 00:00:04,280 --> 00:00:08,600 Speaker 1: Broadcasting Live to New York Bloomberg eleventh Rio to Washington, 2 00:00:08,680 --> 00:00:12,760 Speaker 1: d C. Bloomberg to Boston Bloomberg, Well under It, to 3 00:00:12,880 --> 00:00:17,360 Speaker 1: San Francisco Bloomberg nine to the Country series Exam General 4 00:00:17,400 --> 00:00:20,799 Speaker 1: one ninet and around the globe the Bloomberg Radio Plus 5 00:00:20,880 --> 00:00:25,280 Speaker 1: athen Bloomberg dot com. This is taking Stock. I'm Kathleen Hayes, 6 00:00:25,320 --> 00:00:29,200 Speaker 1: my co host Pim Fox on vacation this week. Are 7 00:00:29,240 --> 00:00:31,560 Speaker 1: you at the highest end of the travel market where 8 00:00:31,560 --> 00:00:33,960 Speaker 1: the normal rules no longer apply? Or do you just 9 00:00:34,040 --> 00:00:36,240 Speaker 1: think you'd love to be well? Then you want to 10 00:00:36,400 --> 00:00:39,200 Speaker 1: be listening to the guests coming up on taking Stock. Now, 11 00:00:39,280 --> 00:00:41,920 Speaker 1: it's not to bend me. They give ultra high net 12 00:00:41,960 --> 00:00:47,720 Speaker 1: worth clients opportunities for experiences and reservations that other luxury travelers, 13 00:00:47,880 --> 00:00:51,960 Speaker 1: no matter how frequent, could ever ever buy. Anthony Lassman 14 00:00:52,159 --> 00:00:54,800 Speaker 1: is the co founder of this firm, and he's going 15 00:00:54,880 --> 00:00:56,720 Speaker 1: to be joining to talk about his business. But I'm 16 00:00:56,760 --> 00:00:58,920 Speaker 1: just gonna have to ask him what his clients saying 17 00:00:58,960 --> 00:01:01,520 Speaker 1: about Brexit and what does it mean to him. Luxury 18 00:01:01,560 --> 00:01:04,120 Speaker 1: travel costs a lot. Let's get to Charlie Pellett. Now 19 00:01:04,120 --> 00:01:07,000 Speaker 1: he's in the Bloomberg newsroom with a Bloomberg business flash, 20 00:01:07,319 --> 00:01:09,880 Speaker 1: and I thank you very much, Kathleen Hayes. The bears 21 00:01:09,920 --> 00:01:13,000 Speaker 1: continue to travel on this Monday with the Dow, the SMP, 22 00:01:13,200 --> 00:01:16,040 Speaker 1: NSDAK all growling on Wall Street. Right now, the SMP 23 00:01:16,480 --> 00:01:19,399 Speaker 1: down thirty nine points, to drop there of one point 24 00:01:19,480 --> 00:01:23,480 Speaker 1: nine percent, a drop there of of thirty eight points 25 00:01:23,520 --> 00:01:27,479 Speaker 1: to we've got nastack down a hundred and fourteen points 26 00:01:27,480 --> 00:01:30,520 Speaker 1: to drop up two point four percent. Down industrials down 27 00:01:30,600 --> 00:01:33,600 Speaker 1: to eighty five, a decline of one point six percent. 28 00:01:34,000 --> 00:01:36,520 Speaker 1: The tenure up twenty nine thirty seconds. Looking at the 29 00:01:36,600 --> 00:01:39,960 Speaker 1: yield of one point four or five percent gold right 30 00:01:40,000 --> 00:01:43,880 Speaker 1: now of six dollars thirteen twenty eight the ounce for gold, 31 00:01:43,920 --> 00:01:45,920 Speaker 1: that is a game of five tenths of one percent. 32 00:01:46,400 --> 00:01:49,720 Speaker 1: Crude oil down a dollar twenty three of arrow forty 33 00:01:49,760 --> 00:01:52,560 Speaker 1: six forty one right now on West Texas Intermediate crew. 34 00:01:52,680 --> 00:01:55,440 Speaker 1: That is a drop of two point six percent. The 35 00:01:55,520 --> 00:01:58,800 Speaker 1: aftershocks of the UK's vote to leave the EU continue 36 00:01:58,880 --> 00:02:01,000 Speaker 1: to reverberate. The small morning, we sat down with the 37 00:02:01,040 --> 00:02:04,240 Speaker 1: former channel of the Federal Reserve, Alan Greenspan. He was 38 00:02:04,280 --> 00:02:08,280 Speaker 1: on Bloomberg surveillance talking about Brexit fallout wouldn't be that 39 00:02:08,560 --> 00:02:12,919 Speaker 1: concerned about the currency, because it's not all that much 40 00:02:12,919 --> 00:02:14,480 Speaker 1: you're going to be able to do about it. The 41 00:02:14,680 --> 00:02:21,800 Speaker 1: effect of the town sterling against the US dollars that 42 00:02:21,960 --> 00:02:26,119 Speaker 1: is as much our doing as it is there and 43 00:02:26,280 --> 00:02:29,520 Speaker 1: his comments part of a Bloomberg Breakfast conversation hosted by 44 00:02:29,600 --> 00:02:34,440 Speaker 1: Bloomberg ninety nine one this morning in Washington, again recapping 45 00:02:34,600 --> 00:02:39,040 Speaker 1: SMP down one percent, Gold up point five percent, and 46 00:02:39,280 --> 00:02:41,440 Speaker 1: a two thirty two on Wall Street. Now, let's take 47 00:02:41,480 --> 00:02:45,280 Speaker 1: a look at other news from around the world. Thank you, 48 00:02:45,360 --> 00:02:48,680 Speaker 1: Charlie from the Bloomberg Newsroom. I'm Julie Hyman. The Supreme 49 00:02:48,720 --> 00:02:51,840 Speaker 1: Court is struck down at Texas law regulating abortion clinics. 50 00:02:51,880 --> 00:02:54,920 Speaker 1: Bloomberg's Michael Barr has more. The Justice has voted five 51 00:02:55,000 --> 00:02:57,880 Speaker 1: three in favor of striking down the Texas law, their 52 00:02:57,880 --> 00:03:01,120 Speaker 1: protesters called a thinly veiled attempt to make it harder 53 00:03:01,160 --> 00:03:04,079 Speaker 1: for women to get an abortion. Just as Stephen Bryer's 54 00:03:04,120 --> 00:03:07,600 Speaker 1: majority opinion for the Court held at the regulations are 55 00:03:07,639 --> 00:03:12,720 Speaker 1: medically unnecessary and unconstitutionally limit a woman's right to an abortion. 56 00:03:13,200 --> 00:03:17,240 Speaker 1: The Texas rules required doctors who performed abortions to have 57 00:03:17,360 --> 00:03:21,160 Speaker 1: admitting privileges at nearby hospitals and forced clinics to meet 58 00:03:21,240 --> 00:03:26,080 Speaker 1: hospital like standards for outpatient surgery. Michael Barr Bloomberg Radio. 59 00:03:26,200 --> 00:03:28,920 Speaker 1: Hillary Clinton, on the campaign trail in Cincinnati, took the 60 00:03:29,000 --> 00:03:32,480 Speaker 1: stage with Elizabeth Warren. The Massachusetts senator offered a harsh 61 00:03:32,480 --> 00:03:36,160 Speaker 1: critique of Donald Trump, calling him a quote small, insecure 62 00:03:36,200 --> 00:03:39,680 Speaker 1: money grubber fighting only for himself. Ten people were stabbed 63 00:03:39,720 --> 00:03:42,360 Speaker 1: and beaten after a white nationalist gript's rally outside the 64 00:03:42,400 --> 00:03:46,080 Speaker 1: California state capital turned violent on Sunday. Tony Wenning says 65 00:03:46,120 --> 00:03:48,440 Speaker 1: he and his fifteen year old son were attacked. Although 66 00:03:48,480 --> 00:03:52,840 Speaker 1: they were just there as bystanders, crappl over me. They 67 00:03:52,840 --> 00:03:57,640 Speaker 1: were hitting me with a stick, attempting to with the stick, 68 00:03:57,720 --> 00:04:03,520 Speaker 1: poking me back. So you're you're the police are investigating. 69 00:04:03,680 --> 00:04:07,440 Speaker 1: Authorities are warning New Yorkers against bogus Buddhist monks. They're 70 00:04:07,480 --> 00:04:09,480 Speaker 1: asking the public not to be fooled by some of 71 00:04:09,480 --> 00:04:12,560 Speaker 1: the men decked out in orange robes, carrying shiny medallions 72 00:04:12,560 --> 00:04:15,360 Speaker 1: and offering greetings of peace. The Buddhist Council of New 73 00:04:15,400 --> 00:04:18,080 Speaker 1: York says some of the men soliciting donations are quote 74 00:04:18,200 --> 00:04:20,880 Speaker 1: fake monks looking to make a quick buck. Global News 75 00:04:20,960 --> 00:04:23,320 Speaker 1: twenty four hours a day, powered by more than dred 76 00:04:23,360 --> 00:04:26,400 Speaker 1: journalists and analysts in more than twenty countries. From the 77 00:04:26,400 --> 00:04:30,800 Speaker 1: Bloomberg Newsroom. I'm Julie Hyman. This is Bloomberg, Charlie, and 78 00:04:30,960 --> 00:04:33,720 Speaker 1: we thank you and again recapping stocks lore with the 79 00:04:33,839 --> 00:04:39,960 Speaker 1: SMP five hundred index now down one to I'm Charlie Platon. 80 00:04:40,080 --> 00:04:44,560 Speaker 1: That's a Bloomberg business flash. You're listening to taking Stock 81 00:04:44,640 --> 00:04:48,440 Speaker 1: with Kathleen Hayes and Pim Fox on Bloomberg Radio. There's 82 00:04:48,520 --> 00:04:53,080 Speaker 1: luxury travel and then there's luxury travel. And we're speaking 83 00:04:53,160 --> 00:04:56,440 Speaker 1: now with a man who is co founder of a 84 00:04:56,640 --> 00:05:01,320 Speaker 1: company that takes luxury travel to the highest of heights. 85 00:05:01,680 --> 00:05:05,080 Speaker 1: Anthony Lastman joins us now, as I said, co founder 86 00:05:05,160 --> 00:05:08,239 Speaker 1: of Not That Any Global. They are based in London 87 00:05:08,400 --> 00:05:10,400 Speaker 1: and New York, and we're going to find out about 88 00:05:10,720 --> 00:05:13,320 Speaker 1: how he started the company, what he does, and of 89 00:05:13,360 --> 00:05:15,760 Speaker 1: course I'm going to be asking him, because he lives 90 00:05:15,839 --> 00:05:19,440 Speaker 1: right in the center of London, what about Brexit for him, 91 00:05:19,640 --> 00:05:22,760 Speaker 1: his fellow countryman and his business. Anthony. Welcome, is great 92 00:05:22,760 --> 00:05:25,080 Speaker 1: to have your studio, Nice to be here. Always love 93 00:05:25,320 --> 00:05:28,000 Speaker 1: in New York, Not to any Global? What are you? 94 00:05:28,040 --> 00:05:32,520 Speaker 1: What do you do? Not of any Global? Is a 95 00:05:32,839 --> 00:05:37,679 Speaker 1: management company of fine travel and lifestyle for the ultra 96 00:05:37,760 --> 00:05:42,000 Speaker 1: high net worths. It is for experiences that generally cannot 97 00:05:42,000 --> 00:05:47,760 Speaker 1: be found that easily with travel agents, concierge services and 98 00:05:47,920 --> 00:05:52,680 Speaker 1: online services. So what give me an example right now, 99 00:05:52,800 --> 00:05:57,040 Speaker 1: something I could do if I had the means to 100 00:05:57,200 --> 00:05:59,159 Speaker 1: book one of your trips. Give me something that is? 101 00:05:59,160 --> 00:06:01,440 Speaker 1: What example is? Thing that is so unique you can't 102 00:06:01,440 --> 00:06:04,359 Speaker 1: find it anywhere else. Well, before, while I was having lunch, 103 00:06:04,440 --> 00:06:06,839 Speaker 1: before I came her, I was just sharing something that 104 00:06:06,920 --> 00:06:10,120 Speaker 1: I experienced a few years ago, which was having lunch 105 00:06:10,800 --> 00:06:15,960 Speaker 1: with the Chatelaine of smith out Lafitte, the well known 106 00:06:16,680 --> 00:06:23,440 Speaker 1: winery in in western France, and her husband, and by 107 00:06:23,560 --> 00:06:26,440 Speaker 1: a coincidence we came into contact with each other. They 108 00:06:26,480 --> 00:06:28,919 Speaker 1: invited me to their beautiful chateau and then for a 109 00:06:29,000 --> 00:06:32,839 Speaker 1: picnic on their private island in the Garon River. What 110 00:06:33,040 --> 00:06:36,680 Speaker 1: was so unique about that was that we met for 111 00:06:36,800 --> 00:06:39,320 Speaker 1: drinks at the chateau and then we cycled down to 112 00:06:39,400 --> 00:06:41,400 Speaker 1: the river bank and we got into a very small, 113 00:06:42,560 --> 00:06:47,520 Speaker 1: very um um what is the word. I mean? It 114 00:06:47,520 --> 00:06:50,560 Speaker 1: was a very simple boat effectively with an outboard motor. 115 00:06:50,680 --> 00:06:53,240 Speaker 1: And we went across to their private island, which is 116 00:06:53,279 --> 00:06:58,400 Speaker 1: an uninhabited, very simple island, and what struck me was 117 00:06:58,480 --> 00:07:01,400 Speaker 1: the nature, the piece, the olitude. They had a little 118 00:07:01,480 --> 00:07:05,599 Speaker 1: cabin on the lake where they brought with everything for 119 00:07:05,640 --> 00:07:09,320 Speaker 1: a picnic. And of course they're wonderful wines. So there 120 00:07:09,360 --> 00:07:12,320 Speaker 1: we were sitting looking out onto the lake with a 121 00:07:12,320 --> 00:07:17,600 Speaker 1: beautiful bottle of smith out lafitte and barbecued meat and 122 00:07:18,520 --> 00:07:23,240 Speaker 1: and I thought, you can't buy this. And I as 123 00:07:23,280 --> 00:07:25,600 Speaker 1: we were discussing it, they said, look, if they are 124 00:07:25,720 --> 00:07:30,400 Speaker 1: like minded people who would want this kind of experience, 125 00:07:30,960 --> 00:07:36,320 Speaker 1: then obviously very selectively contact us. What is the business model? 126 00:07:36,440 --> 00:07:40,679 Speaker 1: You pay people like the that you know, the Louis 127 00:07:40,720 --> 00:07:43,040 Speaker 1: rohod Or family. If I want to drink champagne with them, 128 00:07:43,200 --> 00:07:48,000 Speaker 1: for example, you pay them, and then your clients pay you. 129 00:07:48,080 --> 00:07:51,280 Speaker 1: How does this work? The business model is effectively that 130 00:07:51,320 --> 00:07:54,480 Speaker 1: people pay us an annual fee in the same way 131 00:07:54,520 --> 00:07:57,280 Speaker 1: that people would pay for management of anything, whether it's 132 00:07:57,320 --> 00:08:03,600 Speaker 1: asset management, whether it's any four of highly experienced service. 133 00:08:03,680 --> 00:08:07,880 Speaker 1: So we are charging people fees to become private clients, 134 00:08:07,960 --> 00:08:11,320 Speaker 1: and depending on their needs and how many people because 135 00:08:11,320 --> 00:08:15,320 Speaker 1: we have family offices will be that will depend on 136 00:08:15,360 --> 00:08:18,400 Speaker 1: how much per year they are paying. They will then 137 00:08:18,440 --> 00:08:21,480 Speaker 1: be quoted a fee for whatever trip they are doing, 138 00:08:22,280 --> 00:08:27,520 Speaker 1: and they will pay and and they will pay and 139 00:08:27,560 --> 00:08:30,400 Speaker 1: they will pay. Yes, and you have more than about 140 00:08:30,520 --> 00:08:34,800 Speaker 1: six thousand clients, No, we have six thousand who are 141 00:08:34,840 --> 00:08:37,959 Speaker 1: on our database followers. They are followers of nota ben 142 00:08:38,000 --> 00:08:43,959 Speaker 1: A and our actual clients are within the hundreds because 143 00:08:44,240 --> 00:08:48,320 Speaker 1: we like to know every single client individually and to 144 00:08:48,440 --> 00:08:51,319 Speaker 1: understand their needs and what it is that they are 145 00:08:51,360 --> 00:08:56,560 Speaker 1: looking for. So we couldn't possibly deal with thousands as 146 00:08:57,160 --> 00:09:04,359 Speaker 1: private clients Underman Sun. So there's a lot of competition 147 00:09:04,400 --> 00:09:06,959 Speaker 1: in luxury. How do you set yourself apart? There's a 148 00:09:07,040 --> 00:09:11,360 Speaker 1: huge amount of competition. I think you know. I was 149 00:09:11,400 --> 00:09:14,640 Speaker 1: originally for many, many years in the real estate industry, 150 00:09:14,760 --> 00:09:18,640 Speaker 1: so I'm not a travel person per se. I went 151 00:09:18,800 --> 00:09:21,560 Speaker 1: in to travel, you could say, as a sort of 152 00:09:21,640 --> 00:09:27,040 Speaker 1: midlife crisis, career change. My wife actually challenged me. I 153 00:09:27,160 --> 00:09:31,839 Speaker 1: found so many people to whom I deferred, never told 154 00:09:31,840 --> 00:09:34,640 Speaker 1: me what I really wanted to know. How blue is 155 00:09:34,720 --> 00:09:38,199 Speaker 1: the sea? Will I see another building on the horizon? 156 00:09:39,120 --> 00:09:41,760 Speaker 1: Tell me where is the best view? What kind of 157 00:09:41,800 --> 00:09:44,880 Speaker 1: clear tell will I find there? What kind of experience 158 00:09:45,880 --> 00:09:48,760 Speaker 1: could I have that are not manufactured? And so that 159 00:09:48,960 --> 00:09:51,880 Speaker 1: is why I decided to take the challenge and create this. 160 00:09:52,440 --> 00:09:56,800 Speaker 1: I'm not worried so much about competition. There will always 161 00:09:56,840 --> 00:09:59,360 Speaker 1: be competition. Are you all worried? And you've got about 162 00:09:59,360 --> 00:10:03,560 Speaker 1: thirty seconds about the Brexit vote, the reverberations in markets. 163 00:10:03,559 --> 00:10:06,559 Speaker 1: This is hitting banks, etcetera. There's an issue for your 164 00:10:06,600 --> 00:10:09,760 Speaker 1: business and actually for your citizenship. Is a member of 165 00:10:09,840 --> 00:10:12,880 Speaker 1: the United Kingdom that we're obviously shocked. It wasn't the 166 00:10:13,160 --> 00:10:17,200 Speaker 1: It wasn't the result that we were expecting. The reverberations 167 00:10:17,240 --> 00:10:20,760 Speaker 1: that you have referred to are evidently very serious, and 168 00:10:20,800 --> 00:10:24,280 Speaker 1: people are focusing now on what on the next steps 169 00:10:24,320 --> 00:10:26,680 Speaker 1: and what to do. I would say that our area 170 00:10:26,880 --> 00:10:30,680 Speaker 1: of the market for travel and lifestyle is the most immune, 171 00:10:30,760 --> 00:10:33,400 Speaker 1: and I don't believe that people are going to stop traveling. 172 00:10:33,400 --> 00:10:35,880 Speaker 1: If people need to communicate for business, they can do 173 00:10:35,880 --> 00:10:38,679 Speaker 1: it on the yacht, in the villa, etcetera. They may 174 00:10:38,720 --> 00:10:43,080 Speaker 1: go away a little bit less frequently, but I don't 175 00:10:43,200 --> 00:10:45,800 Speaker 1: feel that there will be a major effect. Well, I'm 176 00:10:45,800 --> 00:10:47,640 Speaker 1: we're gonna keep track of you. You can track this 177 00:10:47,720 --> 00:10:50,120 Speaker 1: for US in the UK, certainly luxury travel thanks to 178 00:10:50,200 --> 00:10:55,280 Speaker 1: Anthony Lastman, co founder of nota Benic Global. I'm Kathleen Hayes. 179 00:10:55,400 --> 00:11:03,320 Speaker 1: This is taking Stock on Bloomberg Radio. A Supreme Court 180 00:11:03,440 --> 00:11:08,160 Speaker 1: decision striking down Texas abortion limits. We're going to be 181 00:11:08,240 --> 00:11:14,040 Speaker 1: speaking to BNA correspondent Kim Robinson now on Bloomberg Radio.