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Speaker 1: I'm Barry Ridolts, introducing you to a new podcast focused

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Speaker 1: entirely on cars. Every week, Matt Miller and Hannah Elliott

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Speaker 1: get together to talk about auto industry news, the cars

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Speaker 1: they're driving and reviewing, and anything else happening in the

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Speaker 1: worlds of automobiles. As a big car guy myself, you'll

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Speaker 1: hear me join them on an occasional episode now and then,

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Speaker 1: without further ado, let me introduce you to the latest

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Speaker 1: episode of Hot Pursuit.

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Speaker 2: I'm Matt Miller, I'm Hannah Elliott, and this is Hot Pursuit.

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Speaker 3: All right, we have a fantastic podcast for you today.

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Speaker 3: We're going to touch on Formula one, give you the

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Speaker 3: update on the.

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Speaker 4: Ferraris we were talking about last week.

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Speaker 3: But we also have a special guest, recurring guest, Barry Ridolts.

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Speaker 3: He is the host of Masters in Business, probably our

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Speaker 3: most popular podcast on the Bloomberg platform, and he has

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Speaker 3: a new podcast called At the Money.

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Speaker 1: At the Money ATM plus.

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Speaker 3: Obviously the founder of Ritholts Wealth Management, and he's a

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Speaker 3: contributor to Bloomberg a lot. So, Hannah, we're going to

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Speaker 3: talk about Formula one because you're preparing to go to

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Speaker 3: Las Vegas. We're also going to talk about hybrids. I

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Speaker 3: think they're the way forward. You think it's a band aid.

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Speaker 3: There's a lot more sort of econo boxes and grocery

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Speaker 3: getters that I think are really cool though in this space.

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Speaker 4: And then we're going to get to Audi's.

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Speaker 3: You just recently drove the SQ eight E Tron, that's correct,

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Speaker 3: and Barry has an R eight. The first car I

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Speaker 3: bought was an Audie and a for a Vant.

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Speaker 1: Those have become very collectible now and mine was a

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Speaker 1: two point five TDI which I loved with so stick shift, yes, obviously, yeah,

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Speaker 1: those have become desirable.

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Speaker 3: All right, Let's kick it off though with Formula one,

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Speaker 3: because I guess what you're getting ready.

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Speaker 4: To head out to Sin City and what do you expect.

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Speaker 2: It's going to be very interesting because when Formula one

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Speaker 2: in Liberty Media, which owns Formula one, entered into this

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Speaker 2: deal with the city of Las Vegas to host the race,

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Speaker 2: it seemed like a home run, like a match made

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Speaker 2: in heaven. I mean, it's Vegas, which of course is

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Speaker 2: sort of the party center of the world right now

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Speaker 2: and has a bunch of great professional sports team. We've

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Speaker 2: got hockey we've got NFL. We're gonna get some baseball.

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Speaker 4: The Bolagio win Resorts, the Sphere.

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Speaker 2: Oh, let's not forget the Sphere. There's so much there.

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Speaker 2: And the food's great, you know all.

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Speaker 5: Of this stuff.

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Speaker 2: There's Jean George restaurants. But the thing is, and you know,

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Speaker 2: Formula one's been doing great in the US, but in

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Speaker 2: the past month or so, it's been really weird because

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Speaker 2: ticket prices have been dropping, both ticket prices for general

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Speaker 2: entry into the Grand Prix hotel room rates have been dropping,

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Speaker 2: and it's kind of creating this feeling that maybe Vegas

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Speaker 2: bit off more than it can chew. It's possible organizers

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Speaker 2: sort of got a little bit too greedy with how

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Speaker 2: they price things, and people are just not having it.

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Speaker 4: That's crazy.

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Speaker 3: So if I decided, you know what, I am gonna

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Speaker 3: go see Formula on this weekend and skip the birth

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Speaker 3: of my second daughter, you think I could get tickets.

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Speaker 2: You'd have no problem getting tickets. Now, I will say,

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Speaker 2: you might pay like six or seven hundred dollars a

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Speaker 2: night for a hotel room at like the Venetian, but

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Speaker 2: that's pretty typical and it's actually far less than you

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Speaker 2: would have paid had you tried to get a room

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Speaker 2: a month ago or two months ago. So this is

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Speaker 2: an expensive sport and an expensive city, but compared to

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Speaker 2: what prices were listed at a month or two months ago,

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Speaker 2: you're gonna get a deal. And there's plenty of tickets

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Speaker 2: to go around. There are plenty of flights from La

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Speaker 2: to Vegas.

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Speaker 4: So Barry, would you when you go?

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Speaker 1: You know, the problem with Formula one is you know,

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Speaker 1: you're in a corner, you're watching the cars go by.

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Speaker 1: It's not I know, it's very visceral and very exciting

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Speaker 1: feeling moments.

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Speaker 4: That's the best part.

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Speaker 1: But then you're there for another four hours and it's

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Speaker 1: a sport that's so great on television. It's very comfortable.

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Speaker 1: You really can see stuff. Everyone should go do it once.

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Speaker 1: I don't know if I need to do this in Vegas.

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Speaker 1: And the thing I'm wondering about how much of this

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Speaker 1: is specific to Las Vegas and how much of this

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Speaker 1: is just Hey, the economy is moving along, inflation is

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Speaker 1: coming down, but we're starting to slow down. When you

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Speaker 1: look at what's going on with auction prices of used cars.

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Speaker 1: Nine to eleven's ferraris whatever or even watches everything seems

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Speaker 1: that had round up in twenty and twenty one and

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Speaker 1: twenty two. It's all softening. I wonder if this is

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Speaker 1: a broader macro concern.

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Speaker 2: I think that's a really interesting point. And we talked

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Speaker 2: about this Ferrari last week, this Ferrari two to fifty

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Speaker 2: gto that was going to go on sale. And to

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Speaker 2: your point, Barry, yes, it's sold this week for almost

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Speaker 2: fifty two million dollars, but that was actually far less

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Speaker 2: than arms Sotheby's had hoped to get for the car,

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Speaker 2: and they were saying, you know, in excess of sixty million.

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Speaker 2: The hammer price on that before I was actually forty seven. So, yes,

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Speaker 2: this is a very expensive car, but relative to where

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Speaker 2: it was supposed to be quote unquote, it's really down.

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Speaker 2: And to your point, very I think this Yolo economy

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Speaker 2: is over.

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Speaker 3: Yeah, we saw this week Bloomberg put out a story

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Speaker 3: prices for Rolex and Pateech Philippe watches. You know, the

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Speaker 3: ultra luxury super high end watches on the Bloomberg subdial

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Speaker 3: index have come crashing down. They were off one point

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Speaker 3: eight percent last month to the lowest level since twenty

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Speaker 3: twenty one. Do you think that's the problem with F

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Speaker 3: one or is the sport to boring? The engines aren't

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Speaker 3: big enough, No one passes.

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Speaker 2: Here's a problem, Max Verstappan, that's a problem. He wins

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Speaker 2: all the time, He's already clinched the title. He's won

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Speaker 2: like seventeen of last twenty races. It's pretty predictable at

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Speaker 2: this point. Even second place is pretty predictable. And the

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Speaker 2: other thing to Barry's point about the TV view, this

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Speaker 2: race starts at ten pm Pacific time, which means you're

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Speaker 2: gonna have to be a diehard.

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Speaker 4: Fan whoa watch it. It really is one in the

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Speaker 4: morning East Coast time.

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Speaker 2: I did not many people who are going to be

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Speaker 2: up at one am in New York.

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Speaker 5: I don't think to watch this race.

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Speaker 1: You can always watch it the next day on the replay.

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Speaker 4: Yeah.

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Speaker 3: I mean, I'm a huge fan of Moto GP, as

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Speaker 3: you know, because it's a far better sport. I mean,

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Speaker 3: there's a lot of passing, there's a lot more strategy,

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Speaker 3: you have tons of different winners, and I just have

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Speaker 3: a subscription to MotoGP dot com and then I watch

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Speaker 3: it after the race is over because it was inevitably

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Speaker 3: in Indonesia, and then it doesn't come on until you know,

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Speaker 3: like eight in the morning on a Sunday.

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Speaker 4: I'm not up at that point.

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Speaker 3: I think it could be a bunch of different factors

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Speaker 3: from an economy that's slowing down to max for staff

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Speaker 3: and winning every time. But are we still going to

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Speaker 3: see like is Brad Pitt gonna go? Is like Puff

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Speaker 3: Daddy gonna go? You know? Are all the celebrities gonna

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Speaker 3: be there and having like fifteen thousand dollars dinners?

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Speaker 2: Yes?

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Speaker 5: I think so, maybe more interesting.

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Speaker 2: Than Brad Pitt. David Beckham will be there. I don't

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Speaker 2: know if you've seen the latest.

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Speaker 5: Beckham nothing more. Yeah, I thought it was so good.

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Speaker 2: I mean I'm a big Victoria Beckham fan after that.

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Speaker 2: But yeah, Shack will be there, There will be celebrities there.

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Speaker 2: It's going to be fun no matter what. How can

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Speaker 2: you not have fun in Las Vegas? And I will

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Speaker 2: say organizers are saying that they're expecting record revenue regardless

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Speaker 2: of anything. They're on track to quote unquote sell out

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Speaker 2: of tickets. This is what they're telling us. So it's

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Speaker 2: still going to be great. It's going to be great fun.

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Speaker 2: Anyone who's going should really pack their coats though it's

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Speaker 2: going to be pretty.

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Speaker 1: Cold in Las Vegas.

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Speaker 5: Ten o'clock in the desert in November is cold, true desert.

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Speaker 4: Yeah. Yeah. If you go to Vegas and you can't

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Speaker 4: have fun, you're not doing it.

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Speaker 2: Right.

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Speaker 4: Do you like Vegas? Berry?

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Speaker 1: No, I can't stand it.

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Speaker 3: But I mean for a couple nights with ye if

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Speaker 3: I have.

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Speaker 1: To this great restaurants, is great shows, but not my

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Speaker 1: first choice of destination. When they finally nuke that part

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Speaker 1: of Nevada, you know, in the whole area is just

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Speaker 1: silicon glass, It'll be fine.

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Speaker 4: I went to Lamborghini driving school there.

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Speaker 1: That's a different story. Was you know you can you

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Speaker 1: can rent a World War two spitfire and go up

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Speaker 1: with a pilot.

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Speaker 4: That's worth doing.

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Speaker 1: And Vegas is the only place that I'll let you

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Speaker 1: sign off and say sure, I'll take my life in

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Speaker 1: my hands in a.

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Speaker 4: Eighty year old World War two plane. Let's go.

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Speaker 3: I'd like, you can't do that anywhere in the desert, right, Vegas?

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Speaker 1: Sign up?

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Speaker 5: Vegas? That all counts as Vegas. Though, Yeah, I guess

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Speaker 5: this is a lot more than just the strip.

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Speaker 4: I mean totally agree.

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Speaker 2: Driving out to the Hoover Dams really cool, and I

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Speaker 2: do think sort of dusty hotels where Elvis played and

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Speaker 2: Sinatra are really cool.

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Speaker 5: There's amazing off roading out there. All of that.

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Speaker 2: To me, it counts as a quote unquote Vegas when

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Speaker 2: I go, oh, there's fabulous shopping to.

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Speaker 4: A right change.

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Speaker 3: I don't go to casinos at all. I don't hang

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Speaker 3: out on the strip. I don't gamble.

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Speaker 1: That's the part of Vegas. I hate everything around that

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Speaker 1: is really interesting.

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Speaker 3: Yeah, you want to wake up married to somebody you

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Speaker 3: have no idea her last name.

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Speaker 4: You know, apologies to my wife.

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Speaker 1: Your pregnant wife. You're very pregnant.

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Speaker 3: Let's move on to well and her favorite car is

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Speaker 3: the Volvo XC ninety T eight, which is a hybrid.

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Speaker 3: You know, you can go twenty miles or more on

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Speaker 3: the battery alone, and so for doing things around town,

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Speaker 3: dropping kids off at school, going to the grocery store

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Speaker 3: no problem, and then you can go on longer trips

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Speaker 3: because it has a gas engine that kicks in. It's

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Speaker 3: beautiful design. I have to agree with her on.

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Speaker 1: That, especially that interior.

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Speaker 3: And Barry, you sent me and Hannah an email this

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Speaker 3: morning about a Toyota Camry that's only going to be

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Speaker 3: so right.

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Speaker 1: Right, they're giving up the gas. Only listen. The crazy

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Speaker 1: thing about Toyota is they have this massive lead in

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Speaker 1: hybrid technology, and you were waiting for what they're going

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Speaker 1: to do next. Then you know they kind of let

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Speaker 1: Tesla eat their lunch. But what Toyota is telling us

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Speaker 1: is the immediate future, the next decade is going to

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Speaker 1: be hybrid.

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Speaker 3: And obviously Tesla doesn't have any hybrid vehicles.

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Speaker 4: They're fully electric.

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Speaker 3: That annoys me because I can never find a place

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Speaker 3: to charge and I like to have a little Moto vibes. Hannah,

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Speaker 3: you don't think that hybrids are the way forward though.

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Speaker 2: I am not a fan of hybrids, just because I

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Speaker 2: tend to be a purist. I want to go all in,

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Speaker 2: all or nothing, and I love the of course, the

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Speaker 2: quick performance of electric vehicles, and I love my own.

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Speaker 5: Personal internal combustion cars.

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Speaker 2: So hybrids have always seemed to me to just be

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Speaker 2: like halfway but nowhere anywhere.

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Speaker 5: Who cares?

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Speaker 2: If you know, Toyota was making a Prius because also

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Speaker 2: BMW was making the I eight, and.

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Speaker 4: Well, I love the I eight, dude.

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Speaker 3: The I eight and the I three to me were

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Speaker 3: when I first understood why it's cool to have a

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Speaker 3: range extender motor right because they were fully electric vehicles,

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Speaker 3: but they just had a little I think it was

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Speaker 3: a one three three cylinder as like a utility pack.

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Speaker 3: It's like bringing along a backpack. It's like being a prepper.

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Speaker 3: You know, you always have an option if you need it.

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Speaker 1: My wife's Panama Hybrid. We drove to Connecticut this weekend.

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Speaker 1: We got nearly forty miles a gallon on the way there.

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Speaker 1: We exhausted most of the electric for that range, but

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Speaker 1: when you drop your right foot, you still have over

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Speaker 1: five hundred horse power, and that car really goes when

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Speaker 1: you wanted to go. So to me, it's the best

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Speaker 1: of both worlds. Almost forty miles a gallon on one

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Speaker 1: hundred mile trip into the woods in Connecticut, and somewhat

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Speaker 1: less on the way home without any electric.

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Speaker 3: You know, I always say there's no replacement for displacement,

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Speaker 3: but I think batteries might be that replacement. I'm driving

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Speaker 3: right now a Kia Sorrento PHV. And aside from all

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Speaker 3: the other stuff that's impressive about it, and there's a

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Speaker 3: ton of stuff, it's got a locking center diff it's

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Speaker 3: got this really cool technology where when you put your

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Speaker 3: turn signal on in your center display, you can see

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Speaker 3: your blind spot, and in.

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Speaker 1: Fact, all of the Hyundai Kias do that. You signal

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Speaker 1: right and it shows up in your tyme, and you

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Speaker 1: signal left and it shows up in your left dial.

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Speaker 1: That should be a standard technology across the whole.

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Speaker 5: Industry and any luxury automotive.

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Speaker 4: Okay, well, but for Akia, I think it's really cool.

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Speaker 4: I mean, for.

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Speaker 3: Akia, it's got torque vectoring, all wheel drive. That's not

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Speaker 3: something you expect when you're buying a Korean car. But

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Speaker 3: I thought the engine was more substantial than it was

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Speaker 3: when I first started driving it.

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Speaker 4: I hadn't read the specs.

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Speaker 3: I popped open the hood and I saw it's got

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Speaker 3: a one point six leader in line four. Like that's

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Speaker 3: a tiny little motor, but it still has two hundred

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Speaker 3: and sixty horse power two hundred and sixty pound feet

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Speaker 3: of torque for you know, fifty thousand dollars for the

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Speaker 3: fully loaded, like most luxurious addition, that's pretty peppy.

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Speaker 1: It's a lot of truck for the money. And look

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Speaker 1: the way every one of these new manufacturers that are

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Speaker 1: trying to gain traction or expand their footprint find an

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Speaker 1: audience is by offering a lot of value for the money.

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Speaker 1: Think back to the way did this forty years ago,

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Speaker 1: or the way Toyota did it sixty years ago.

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Speaker 3: So, Hannah, do you ever drive like a Kia? Because

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Speaker 3: I always think, you know, you're the one who's constantly

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Speaker 3: in a culin in, But do you ever drive like

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Speaker 3: a Korean car?

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Speaker 5: This is true.

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Speaker 2: Typically no, I will openly say we do not cover

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Speaker 2: typically Kia at Bloomberg Pursuits. However, I did recently drive

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Speaker 2: the Kia EV nine, which is their big electric.

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Speaker 3: Suv I want to try.

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Speaker 5: I really really liked it.

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Speaker 2: I was surprised at how beautiful and well thought out

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Speaker 2: it was. I actually really would love to go visit

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Speaker 2: the factory in South Korea. I'm going to try to

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Speaker 2: do that next year because Kia is really making a

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Speaker 2: play to elevate themselves so that they could potentially have

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Speaker 2: shoppers cross shopping between like Volvo or a land Rover

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Speaker 2: into Kia or even Audi. And I don't think that's

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Speaker 2: out of the question based on what I've seen. We

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Speaker 2: joke about it, like, typically I wouldn't cover it, but

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Speaker 2: the limited amount of Kiya products that I have seen

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Speaker 2: and driven I actually am pretty impressed by And let's

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Speaker 2: not forget this is a company that also makes Genesis.

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Speaker 1: Is about to bring that up. Kia is owned by Hondi.

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Speaker 1: Genesis is their version of Lexus versus Tyota doing.

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Speaker 5: They know what they're doing.

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Speaker 2: One question, though, do you read the new Kia logo

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Speaker 2: as nine inch nails?

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Speaker 4: I love. I love the way it reminds me of

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Speaker 4: nine inch nails. That's hilarious. I'm on board with that.

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Speaker 3: And I, by the way, I think that the new

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Speaker 3: logo really helped them transition their brand a little bit

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Speaker 3: from being kind of a bargain basement, you know, Korean econobox,

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Speaker 3: to being something that.

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Speaker 4: People really would cross shop with. A Range Rover.

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Speaker 3: I mean, the tail you ride is a beautiful car.

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Speaker 3: I don't love the powertrain, but the logo I think

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Speaker 3: helps a lot. It looks really cool.

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Speaker 5: I agree.

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Speaker 2: I'm with you about it's an attitude of beautiful hospitality.

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Speaker 2: And I know that sounds like a PR line, but

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Speaker 2: it actually is true that some of their vehicles really

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Speaker 2: have this beautiful sense of a welcome environment.

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Speaker 3: We should throw in a V eight once in a while.

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Speaker 3: They need to make a big halo car.

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Speaker 1: There are no more V eights coming out, and they're

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Speaker 1: certainly coming out of Asia.

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Speaker 4: For mass production.

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Speaker 3: I just think they need to make a halo car

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Speaker 3: so that people can then feel okay buying the lower

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Speaker 3: end models.

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Speaker 1: That is so old school marketing. That's just not how

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Speaker 1: it's done. We're gonna give you a lot of car

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Speaker 1: or truck for the money. Yes, it's only a V six.

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Speaker 4: But you can tow.

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Speaker 1: You could stick six people in the car, you could

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Speaker 1: load it up with luggage, and it's not going to

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Speaker 1: cloas you an arm and a leg. That's the value

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Speaker 1: proposition for these cars versus the cars that we really

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Speaker 1: have grown up loving, the BMW's, the Mercedes, the much

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Speaker 1: bigger and more expensive cars.

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Speaker 3: Okay, I'm just saying like, if Audi had never made

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Speaker 3: the quatro and one races with it, if they had

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Speaker 3: never made the R eight that everybody drools over in

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Speaker 3: fifty shades of Gray, I don't know that we'd be buying,

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Speaker 3: you know, the.

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Speaker 4: Q three either.

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Speaker 3: And by the way, speaking of that, both of you

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Speaker 3: have a connection to Audi, because Hannah, you are test

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Speaker 3: driving some version of their e Tron bar. You of

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Speaker 3: course have the RA. But Hannah, first, tell us about

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Speaker 3: the ev that you drove.

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Speaker 2: Okay, so yesterday I drove the s Q eight e Tron,

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Speaker 2: which is basically it's sort of a higher performance version

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Speaker 2: of the Q eight, which is a five passenger suv.

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Speaker 2: It's all electric, starts at about ninety thousand dollars.

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Speaker 5: And it was beautiful.

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Speaker 2: The You know, Audi has been a little bit behind

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Speaker 2: when it comes to offering electric vehicles, and they're making

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Speaker 2: they're trying to make up for lost time, and so

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Speaker 2: anything with E Tron at the end is there electric offering.

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Speaker 2: The SQ eight, despite its confusing name, was really nice.

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Speaker 2: It was beautifully appointed inside, it was as quiet, actually

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Speaker 2: proven by Audi, as quiet as an a sedan, Really

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Speaker 2: nice balanced. It's heavy, it's like a six thousand pound suv,

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Speaker 2: so you do feel that a bit.

365
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Speaker 4: Some people like it heavy. Don't forget if you have.

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Speaker 5: To make a turn, there's no judgment.

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Speaker 2: I like it.

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Speaker 4: I like a big heavy cruiser.

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Speaker 5: We love that.

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Speaker 2: We love that, and this did feel really nicely insulated

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Speaker 2: and solid. And I actually have a friend who's been

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Speaker 2: looking for an electric suv, and I instantly message her

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Speaker 2: and said, I think you're really gonna love it.

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Speaker 1: A good looking truck.

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Speaker 3: I drove also the Q eight Etron, not the S version,

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Speaker 3: but I'll say that I was disappointed that they use

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Speaker 3: the Q eight Moniker because I think the Q eight

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Speaker 3: is one of the best designs Audi has come out

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Speaker 3: with in.

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Speaker 4: At least a decade.

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Speaker 3: It's a head turner whenever I see a real Q

382
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Speaker 3: eight on the road, and the e Tron version is

383
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Speaker 3: not a real Q eight, it doesn't look as cool.

384
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Speaker 3: It's more invisible, like you can easily overlook the Etron version,

385
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Speaker 3: whereas the full fat gas Q eight it's so hulking

386
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Speaker 3: and muscular that you can't overlook it. But it is

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Speaker 3: definitely solid. That's the word I would use for it,

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Speaker 3: Like it is a product that you feel like it's

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Speaker 3: over engineered and is not going to break down.

390
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Speaker 4: What do you think Bury about Audis.

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Speaker 3: I mean, you have obviously the Halo car, but what

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Speaker 3: do you think about the brand and the other vehicles.

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Speaker 4: You know, it's full time all wheel.

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Speaker 1: Drive, and if you're in the part of the country

395
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Speaker 1: where you're very much dealing with weather or you're off road,

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Speaker 1: they're great for that. They're notoriously expensive to repair, they're

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Speaker 1: not the lowest cost maintenance. Comparatively, you buy a Honda Toyota,

398
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Speaker 1: you put gas and occasionally oil into it, you're good

399
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Speaker 1: for a bajillion miles. Some the German cars tend to

400
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Speaker 1: be a little more finicky my experience with oudi's and BMW's,

401
00:18:49,760 --> 00:18:53,320
Speaker 1: you have to build a little bit of a repair buffer,

402
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Speaker 1: especially if you're looking for a thirty thousand mile car

403
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Speaker 1: like I know you're hunting for. They're not terrible, it's

404
00:19:00,240 --> 00:19:02,800
Speaker 1: not you know, you speak to people with you know,

405
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Speaker 1: British cars or even some of the older Ferraris and

406
00:19:06,359 --> 00:19:09,800
Speaker 1: you're writing big checks to your mechanic. But they're great cars.

407
00:19:09,800 --> 00:19:12,679
Speaker 1: They're well designed, they hold up well, and I know

408
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Speaker 1: lots of people who have Q five's with you know,

409
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Speaker 1: two hundred thousand miles on them.

410
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Speaker 2: Well, I think I have to say just a little bit.

411
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Speaker 2: I think that German engineering has a pretty good track

412
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Speaker 2: record for sure my ability, and it's a little unfair

413
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Speaker 2: to compare them to British and Italian engineering agreed.

414
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Speaker 3: I never had a problem. I had an Audi for

415
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Speaker 3: a long time, never had a problem with it.

416
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Speaker 4: If you have a repair, it'll cost me a long time.

417
00:19:38,080 --> 00:19:39,120
Speaker 4: Never had a problem with my.

418
00:19:39,280 --> 00:19:42,520
Speaker 1: Sl was bulletproof until you had to replace the coils.

419
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Speaker 1: You had to do something, and it's not an inexpensive repair.

420
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Speaker 4: I just brace yourself.

421
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Speaker 2: I'm sensing that Barry will always choose the practical option,

422
00:19:52,280 --> 00:19:55,080
Speaker 2: the very solid practical.

423
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Speaker 5: You know, you don't like THERA.

424
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Speaker 1: It's totally practical, like the six convertible manual, the most practical.

425
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Speaker 4: No, I don't think so, dude.

426
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Speaker 3: He has a C two and he bought a nine

427
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Speaker 3: to eleven that he sent to be converted into an EV.

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Speaker 4: Yeah.

429
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Speaker 1: So in the middle of that, that's a fun project.

430
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Speaker 1: These are not cheap cars there, but they are if

431
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Speaker 1: you're buying them twenty five years old. That's why I

432
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Speaker 1: say you have to have a reasonable repair.

433
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Speaker 4: Do you have to set aside a budget?

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Speaker 3: So I, by the way, I wanted as longtime listeners

435
00:20:26,200 --> 00:20:30,400
Speaker 3: will know, I really wanted to get BMW seven sixty

436
00:20:30,480 --> 00:20:34,120
Speaker 3: to replace my wife's Volvo, and she has basically said

437
00:20:34,119 --> 00:20:37,199
Speaker 3: no way, Jose, but she is willing to get an

438
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Speaker 3: X five and so I want them fifty with the

439
00:20:40,640 --> 00:20:44,080
Speaker 3: twin turbo V eight and the ZF transmission. I was

440
00:20:44,119 --> 00:20:47,080
Speaker 3: looking at Savage Geese on YouTube and they have a

441
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Speaker 3: review of it, and they were like, listen, if something

442
00:20:48,840 --> 00:20:52,280
Speaker 3: goes wrong with any of the air suspenders on each corner,

443
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Speaker 3: eighteen hundred dollars.

444
00:20:53,440 --> 00:20:55,200
Speaker 1: That happened with my brother, and it was much more

445
00:20:55,240 --> 00:20:56,480
Speaker 1: than that his seventh six.

446
00:20:56,600 --> 00:20:59,520
Speaker 3: If something goes wrong with the transmission, you know you're

447
00:20:59,520 --> 00:21:02,600
Speaker 3: looking at five thousand dollars repair. If something goes wrong

448
00:21:02,640 --> 00:21:06,840
Speaker 3: with the engine, obviously rebuild, but they're not cheap to fix.

449
00:21:06,920 --> 00:21:08,960
Speaker 3: So if you're buying a used one, the guy from

450
00:21:09,000 --> 00:21:11,560
Speaker 3: Savage Geese said, set aside ten thousand dollars.

451
00:21:11,640 --> 00:21:12,600
Speaker 1: That's exactly right.

452
00:21:12,680 --> 00:21:15,600
Speaker 3: I'll buy yourself a more substantial extended word.

453
00:21:15,680 --> 00:21:16,320
Speaker 4: Now, now that.

454
00:21:16,359 --> 00:21:18,919
Speaker 1: Said, I've had two Series, I've had three Series. I've

455
00:21:18,920 --> 00:21:24,719
Speaker 1: had Next four bulletproof, never need repairs, absolutely spectacular cars.

456
00:21:25,080 --> 00:21:29,560
Speaker 1: But for example, I had a fuel injection issue with

457
00:21:29,600 --> 00:21:33,440
Speaker 1: them six that kept getting an idiot light. It would

458
00:21:33,440 --> 00:21:36,560
Speaker 1: reset itself, and it was a one of those quirky

459
00:21:36,640 --> 00:21:39,919
Speaker 1: little things that were hard to pin down. Ultimately it

460
00:21:40,000 --> 00:21:42,679
Speaker 1: was BMW who figured out what it was not a

461
00:21:42,760 --> 00:21:45,119
Speaker 1: cheap repair. Very well, that was my only repair I've

462
00:21:45,119 --> 00:21:46,440
Speaker 1: had on that car in ten years.

463
00:21:46,480 --> 00:21:49,000
Speaker 3: What was And I want to know from Hannah to

464
00:21:49,240 --> 00:21:51,520
Speaker 3: what was the first car you ever bought with your

465
00:21:51,520 --> 00:21:52,040
Speaker 3: own money?

466
00:21:52,200 --> 00:21:56,000
Speaker 1: A Chrysler nineteen sixty seven Chrysler three hundred cost me

467
00:21:56,040 --> 00:21:58,920
Speaker 1: one hundred bucks from my uncle. Had it for about

468
00:21:58,960 --> 00:22:02,840
Speaker 1: a month. My mom told nice, three hundred trip the

469
00:22:02,880 --> 00:22:05,520
Speaker 1: tires at any speed you're doing fifty miles an hour,

470
00:22:05,600 --> 00:22:06,359
Speaker 1: step on the gas.

471
00:22:06,760 --> 00:22:09,520
Speaker 3: And they've just come out with the last year of

472
00:22:09,520 --> 00:22:12,040
Speaker 3: the Chrysler three hundred. See with a six point four

473
00:22:12,160 --> 00:22:14,080
Speaker 3: liter Hemi in it, which I'm pretty excited.

474
00:22:14,240 --> 00:22:15,640
Speaker 1: End of the Hemi line drive.

475
00:22:15,760 --> 00:22:18,240
Speaker 4: Hannah, what was the first car you ever bought?

476
00:22:18,480 --> 00:22:22,320
Speaker 2: That was a sixty nine Buke Skylark that I paid

477
00:22:22,480 --> 00:22:23,679
Speaker 2: also one hundred dollars for.

478
00:22:23,760 --> 00:22:24,879
Speaker 5: I split it with my sister.

479
00:22:25,119 --> 00:22:27,600
Speaker 2: We bought it but a church lady who charged us

480
00:22:27,600 --> 00:22:30,840
Speaker 2: two hundred dollars and I was deeply embarrassed of it

481
00:22:30,880 --> 00:22:33,480
Speaker 2: and sold my half to my sister as quickly as

482
00:22:33,520 --> 00:22:33,719
Speaker 2: I can.

483
00:22:33,880 --> 00:22:34,080
Speaker 1: No.

484
00:22:34,480 --> 00:22:35,919
Speaker 4: Yep, but what a cool car.

485
00:22:36,680 --> 00:22:40,840
Speaker 2: Absolutely cool. She was far more advanced think in her

486
00:22:40,880 --> 00:22:43,400
Speaker 2: thinking about design and history than I was at the time.

487
00:22:43,480 --> 00:22:46,200
Speaker 2: I was so embarrassed of that car, but she loved it.

488
00:22:46,400 --> 00:22:48,920
Speaker 4: I think it's I just googled it. Look at this ferry.

489
00:22:49,040 --> 00:22:54,320
Speaker 2: What a cool car, green black interior, you know, beautiful steering.

490
00:22:54,119 --> 00:22:57,520
Speaker 1: Not the highlight of American automobile manufacturer.

491
00:22:57,640 --> 00:22:59,400
Speaker 4: I think it's awesome. I would like to have one

492
00:22:59,400 --> 00:22:59,720
Speaker 4: of those.

493
00:22:59,760 --> 00:23:04,840
Speaker 3: Tam my first car ever, because my dear late grandmother

494
00:23:04,880 --> 00:23:07,520
Speaker 3: bless her Soul, gave me ten thousand dollars when I

495
00:23:07,560 --> 00:23:10,200
Speaker 3: graduated from college and I put it on a down

496
00:23:10,240 --> 00:23:14,360
Speaker 3: payment for an auty A four Avauant in the year

497
00:23:14,359 --> 00:23:17,080
Speaker 3: two thousand. I was living in Frankfurt at the time,

498
00:23:17,160 --> 00:23:18,760
Speaker 3: so I got to drive it on the Autobahn.

499
00:23:19,160 --> 00:23:20,119
Speaker 4: It had a two.

500
00:23:20,000 --> 00:23:22,080
Speaker 3: Point five liter TDI, so it's diesel, but it had

501
00:23:22,119 --> 00:23:24,200
Speaker 3: one hundred and eighty horse power and it's pretty.

502
00:23:23,960 --> 00:23:26,479
Speaker 4: Light, so it really got moving.

503
00:23:26,560 --> 00:23:29,439
Speaker 3: I could do like two top speed twot twenty in

504
00:23:29,520 --> 00:23:32,480
Speaker 3: kilometers per hour, so that's like one hundred and thirty

505
00:23:32,640 --> 00:23:33,440
Speaker 3: miles per hour.

506
00:23:34,040 --> 00:23:34,800
Speaker 4: And I did that.

507
00:23:36,600 --> 00:23:36,719
Speaker 2: Well.

508
00:23:36,760 --> 00:23:39,320
Speaker 4: I was a little older, I was like twenty five, and.

509
00:23:39,320 --> 00:23:42,480
Speaker 1: Those diesels run forever. Also, those are three hundred thousand

510
00:23:42,520 --> 00:23:43,080
Speaker 1: mile cars.

511
00:23:43,280 --> 00:23:45,119
Speaker 4: Yeah, that was a great, great vehicle.

512
00:23:45,160 --> 00:23:46,000
Speaker 5: What happened to that car?

513
00:23:46,080 --> 00:23:48,000
Speaker 3: Mat I had to sell it when I moved to

514
00:23:48,200 --> 00:23:51,240
Speaker 3: London a few years later because of the you know,

515
00:23:51,240 --> 00:23:53,120
Speaker 3: because the British drive on the wrong side of the road,

516
00:23:53,160 --> 00:23:55,480
Speaker 3: so it wouldn't have made sense. And also I think

517
00:23:55,520 --> 00:23:57,680
Speaker 3: I was broke after a few years and leaded the

518
00:23:57,720 --> 00:24:03,240
Speaker 3: money that does it for this episode, Barry, thank you

519
00:24:03,280 --> 00:24:04,600
Speaker 3: so much for joining us.

520
00:24:04,760 --> 00:24:05,879
Speaker 4: Real pleasure to have you.

521
00:24:06,160 --> 00:24:09,080
Speaker 3: I just want to point out that anyone who wants

522
00:24:09,119 --> 00:24:11,520
Speaker 3: to follow me at Matt Miller nineteen seventy if you're

523
00:24:11,520 --> 00:24:14,560
Speaker 3: on Instagram, can do so Matt Miller nineteen seventy three.

524
00:24:15,119 --> 00:24:17,520
Speaker 5: My Instagram is Hannah Elliott XO.

525
00:24:17,640 --> 00:24:20,600
Speaker 2: I will not be sharing my birth year with anybody

526
00:24:20,600 --> 00:24:23,000
Speaker 2: who asks, and it's root of you to ask. And

527
00:24:23,560 --> 00:24:25,879
Speaker 2: you can also find me on Bloomberg dot com and

528
00:24:25,960 --> 00:24:28,840
Speaker 2: sometimes on the radio with Matt and sometimes with Barry.

529
00:24:29,119 --> 00:24:31,840
Speaker 1: Follow me on Twitter at rid Halts. For as long

530
00:24:31,880 --> 00:24:35,240
Speaker 1: as Twitter hangs on by its fingernails, it's doing a

531
00:24:35,320 --> 00:24:37,560
Speaker 1: full friends ster. We're circling the dream. You know.

532
00:24:37,640 --> 00:24:39,000
Speaker 4: We'll see what the new year brings.

533
00:24:39,280 --> 00:24:42,159
Speaker 3: I guess that's it for hot pursuit that you can

534
00:24:42,200 --> 00:24:44,560
Speaker 3: catch more at the same time, same place next week.

535
00:24:44,880 --> 00:24:48,240
Speaker 2: I'm Matt Miller, I'm Hannah Elliott, and this is Bloomberg