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Speaker 2: This is the Bloomberg Surveillance Podcast. I'm Jonathan Ferrow, along
Speaker 2: with Lisa Bromwitz and Amrie Hortern. Join us each day
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Speaker 2: Terminal and the Bloomberg Business app LETI servandis this morning
Speaker 2: keeping the pressure on a run.
Speaker 3: Their economy of square set the blockade is incredible. The
Speaker 3: power of about the blockade is incredible. They're not getting
Speaker 3: any money from oil and hopefully it can be worked
Speaker 3: out very soon. The guests were good down. As soon
Speaker 3: as the war's over, it will drop like a rock.
Speaker 3: Despite the fact that we are in what some people
Speaker 3: would call a war, we just hit a new high
Speaker 3: on the stock market.
Speaker 4: So here's the laces.
Speaker 2: This morning, President Trump vowing to maintain the blockade on
Speaker 2: Iranian pause Tehran, insisting it must be lifted before new
Speaker 2: talks can occur. At most of Raymond James Wrights in
Speaker 2: this any diplomatic path forward will likely be rocky and
Speaker 2: have to take the form of a near term framework
Speaker 2: that allows both sides to claim victory. Joined US now
Speaker 2: for more and welcome to the program. At times this
Speaker 2: has been messy, that's inevitable. We've asked the question whether
Speaker 2: this is strategic ambiguity or just the lack of a strategy.
Speaker 2: Do you think we have a decent idea of what
Speaker 2: the strategy is now?
Speaker 5: Well, John, I think the biggest concern that I have
Speaker 5: is right now, both sides feel the other one wants
Speaker 5: to get this over quicker. In both the United States
Speaker 5: and Iran think that they have the upper hand. And
Speaker 5: so unless someone feels this pressure, the streets of her
Speaker 5: moves are not reopening.
Speaker 6: In the you know kind of back and forth.
Speaker 5: Here.
Speaker 6: Is it the oil price?
Speaker 5: Is it the price at the gas pump here in
Speaker 5: the United States? Is it political pressure on Trump? Or
Speaker 5: is it the fact that the Iranian economy needs to
Speaker 5: move things through the straits. They have more than one
Speaker 5: hundred and fifty million barrels of oil on the water.
Speaker 5: They have oil wells that are about to get shut in.
Speaker 5: Who moves first is really the question that I'm getting
Speaker 5: the most here at Raymond.
Speaker 1: James ed, how would targeted strikes accelerate the process by
Speaker 1: the US.
Speaker 5: I think the hope there, Lisa, is that it is
Speaker 5: going to just force it, that there is going to
Speaker 5: be that threat that something has to move. And I
Speaker 5: think from a market perspective, I think the debate here
Speaker 5: is our targeted strikes a signal that the kinetic activity
Speaker 5: is about to really ramp up, or is that the
Speaker 5: push that finally reopens and gets us back to the
Speaker 5: negotiating table.
Speaker 6: My bet is the immediate market reaction.
Speaker 5: Would be the kind of fact that they think that
Speaker 5: this could reopen things, and this could be the catalyst
Speaker 5: to those talks restarting.
Speaker 6: So the hope.
Speaker 5: I have is that even with additional kinetic activity the
Speaker 5: market holds in there. The kind of risk there is
Speaker 5: that it actually kind of goes further self before we
Speaker 5: get any sort of solution.
Speaker 7: Ed.
Speaker 1: How does a deadline of sixty days calculate in this
Speaker 1: whole equation given the fact that ostensibly the administration we'd
Speaker 1: need to see congressional approval to continue the conflict beyond that.
Speaker 6: Yeah, So there's two things there.
Speaker 5: Under the Warpowers Act of nineteen seventy three, there is
Speaker 5: this sixty day deadline. What we heard from Secretary Haigseth
Speaker 5: yesterday is that the Trump administration doesn't think that they
Speaker 5: are hitting that sixty day deadline because of the ceasefire,
Speaker 5: and under this there's also a thirty day ability to
Speaker 5: kind of withdraw troops. However, we have seen presidents in
Speaker 5: the past violate this deadline. After sixty days, you are
Speaker 5: supposed to get the congressional authorization, but you go back
Speaker 5: to the obamadministration. You actually had the House of Representatives
Speaker 5: vote to end activity in Libya because they were well
Speaker 5: beyond that sixty to ninety day period. The Senate never
Speaker 5: took that up. They tried to go to the courts.
Speaker 5: The court said, you know what, it's Congress's job. So
Speaker 5: right now it is a political issue for the Trump administration.
Speaker 5: And unless you have a veto proof majority in the
Speaker 5: House and the Senate, this law does not get enforced
Speaker 5: in two weeks time.
Speaker 2: There's a mating with the Chinese leader. At initially when
Speaker 2: that date was set, when the original date was pushed
Speaker 2: out to the middle of May, people looked at the
Speaker 2: Canadar and said it will be over by then. Is
Speaker 2: that day important anymore?
Speaker 5: It's very important because you have the number one economy
Speaker 5: sitting down with the number two economy. We don't have
Speaker 5: a huge expectation that there's going to be big deals
Speaker 5: that come out of the Trump and She meeting. There
Speaker 5: is a view that that could be some pressure. But
Speaker 5: there's growing questions that I'm getting here at Raymond James.
Speaker 5: Does this get pushed off again? We have not seen
Speaker 5: the staff level negotiations. Besson and Greer have not met
Speaker 5: with their counterparts, and unless you have that fleshed out
Speaker 5: activity before the meeting, you're not going to get real
Speaker 5: deals into this meeting. The other big question that I've
Speaker 5: gotten here at Raymond James, is she, who said that
Speaker 5: this war is upsetting the world order, come in and
Speaker 5: try to be a bit more aggressive with President Trump.
Speaker 5: The risk there is that President Trump never stays on
Speaker 5: the defensive.
Speaker 6: He goes on the offensive.
Speaker 5: And if we have an escalation in the trade war
Speaker 5: with China, if we are questioning what's happening with tech
Speaker 5: restrictions on semiconductors, if we're questioning what's happening on critical minerals.
Speaker 5: Those are not positive headlines. I don't think we get there,
Speaker 5: but that risk is absolutely present over this next two weeks.
Speaker 4: Are there any signs of that so far?
Speaker 1: I've been struck by some of the commentary and corporate
Speaker 1: calls and thinking of Apple in particular and Tim Cook
Speaker 1: talking about how things are actually getting better in China
Speaker 1: and they actually reported it better than expected sales in China.
Speaker 1: Do you get any sense that the relationship is tension
Speaker 1: becoming more tense or do you think that we're entering
Speaker 1: a period of both sides wanting calm.
Speaker 6: Yeah.
Speaker 5: So after the October meeting between Trump and She, he
Speaker 5: gave an order. President Trump gave an order to the
Speaker 5: administration stand down, do not do anything that pokes China,
Speaker 5: which has given this opportunity to de escalate. There's been
Speaker 5: conversations with companies like Apple, can they work with a
Speaker 5: couple of Chinese companies to develop deals on memory because
Speaker 5: those have been very expensive products.
Speaker 6: Those are openings.
Speaker 5: Tim Cook has had a great relationship with President Trump
Speaker 5: since the beginning of this second term.
Speaker 6: But if you see this kind of.
Speaker 5: Shift and if she wants to make this change, because
Speaker 5: they hold a number of things that we need to
Speaker 5: run our economy.
Speaker 6: He could get a little bit more aggressive.
Speaker 7: Now.
Speaker 5: The United States holds plenty of things that China needs
Speaker 5: to run their economy. It's just more of that personality
Speaker 5: driven decision making as we go into this discussion here kind.
Speaker 6: Of two weeks from now, that can dictate that.
Speaker 5: And I guess the one warning I'd have is that
Speaker 5: we've seen in the past China will escalate right before
Speaker 5: the meeting to be able to de escalate during the meeting.
Speaker 5: Trump's able to come out of the meeting and say
Speaker 5: I won these concessions that China had threatened. That's what
Speaker 5: we did in October. Will we do it again here
Speaker 5: in May?
Speaker 4: Stay with us.
Speaker 2: More Bloomberg surveillance coming up after this slightly more hawkish
Speaker 2: Federal Reserve this week. Crude price is still elevated, yet
Speaker 2: we enter May at all time highs on the S
Speaker 2: and P five hundred, kicking off a fresh trading month.
Speaker 2: Abbi Yoda of JP Morgan Private Bank writing, despite no
Speaker 2: when to the conflict in Iran, insight earnings didn't blink
Speaker 2: companies of beating expectations at a pace we haven't seen
Speaker 2: in years. Abby Joints us now for more Abbi, good monic,
Speaker 2: good morning. Does this mean the situation the Middle East
Speaker 2: doesn't matter or just doesn't matter yet?
Speaker 7: I think doesn't matter yet, right, Like you're not going
Speaker 7: to really in you know, we tried to lay out
Speaker 7: three scenarios when this conflict originated, thinking about you know,
Speaker 7: what would it take for it to matter? Right, And
Speaker 7: there is a period of time, like a length that
Speaker 7: is a derition that is important to keep in mind,
Speaker 7: and for us, that's three to six months at these
Speaker 7: elevated prices, is particularly north of one hundred or one
Speaker 7: hundred and twenty dollars on a oil and so that's
Speaker 7: really where we're more concerned if we continue to see
Speaker 7: this extended through the summer, particularly given you know that
Speaker 7: heavy driving season and you've already seen that percent of
Speaker 7: disposable income for the media consumer go up from around
Speaker 7: three and a half percent to four percent on gasoline.
Speaker 7: So if that continues to move higher, then that, you know,
Speaker 7: that could that could weigh on economic growth and sentiment
Speaker 7: more broadly. I think sentiment, the sentiment.
Speaker 2: Channels very bad to say in sentiment already, Yes, consumer
Speaker 2: sentiment is really ready.
Speaker 7: It has been the case for the past four or
Speaker 7: five years.
Speaker 2: Well, this is the question. It's very is the question
Speaker 2: is going to ask you why is that relevant because
Speaker 2: it hasn't been Well, I.
Speaker 7: Mean it's relevant because I mean it's stark in the
Speaker 7: sense that it's the lowest it's ever been, and it's
Speaker 7: at odds with what's going on from an economic standpoint
Speaker 7: and from a you know, stock market standpoint, earning standpoint,
Speaker 7: because at the end of the day, what ends up
Speaker 7: happening is we look at all these confidence measures, we
Speaker 7: want to have some read through there. But then when
Speaker 7: you look at the spending figures, right, the bank's all
Speaker 7: reported in the first couple of weeks of earnings and
Speaker 7: spending growth is really really solid. Like a lot of
Speaker 7: these CEOs were like, you know what, you can't ask
Speaker 7: us this anymore because at the end of the day,
Speaker 7: like consumers are still spending, whether they feel poorly or not,
Speaker 7: they continue to spend. And you know, the makeup of
Speaker 7: that spend I think is shifted. Right, it's much more
Speaker 7: services oriented in our view, but it's still very elevated
Speaker 7: relative to history.
Speaker 1: Has there been a shift over the past couple of weeks?
Speaker 1: And I asked this because Mark Zuckerberg in this letter
Speaker 1: that he sent out it Meta said that there was
Speaker 1: a trajectory change in metas ad business after the start
Speaker 1: of the US War, saying, if oil prices go up,
Speaker 1: then consumers spend more of their money on oil, on gas,
Speaker 1: and less on things that they would just buy that
Speaker 1: are just kind of discretionary things that the advertising might serve.
Speaker 1: Do you see this in any kind of way or
Speaker 1: is this an excuse?
Speaker 7: Well, I mean, you haven't seen it in the results
Speaker 7: in terms of ad spend growth and the actual usage
Speaker 7: of these of these apps in terms of what they're
Speaker 7: spending on. I think what we're worried about again is
Speaker 7: if this stays higher for longer and creeps more into
Speaker 7: the confidence levels of consumers, that you start to see
Speaker 7: that spend shift. But for the most part, we just
Speaker 7: really haven't seen it in terms of the ad spend
Speaker 7: and the growth from a lot of these megacap names.
Speaker 1: What's the argument to go more into equities right now
Speaker 1: after the rally that we've seen as oil prices continue
Speaker 1: to go higher and as yields continued to rise, I mean,
Speaker 1: why not just cash out and kind of have a
Speaker 1: more conservative portfolio and just sort of sits tight and
Speaker 1: wait for the next leg.
Speaker 7: Well, so first, if inflation is in fact going higher,
Speaker 7: then you are losing purchasing power from anything that's like
Speaker 7: short term cash related investments. I think the other thing
Speaker 7: to keep in mind is we're at all time highs
Speaker 7: in an equity market, but the valuation is actually lower
Speaker 7: than when we started the year, and that's because we've
Speaker 7: seen earnings revisions that are in excess of what we've
Speaker 7: seen from a price reaction standpoint. So, for example, for
Speaker 7: one Q earnings, we started this quarter with the expectation
Speaker 7: that earnings would grow twelve percent.
Speaker 4: Now with a little.
Speaker 7: Bit over fifty percent of market gap having reported, we're
Speaker 7: it close to twenty percent. That is enormous, and that's
Speaker 7: the sixth consecutive quarter of double digit earnings growth, right,
Speaker 7: So if you think about it, these aren't easy comps, right,
Speaker 7: We're already growing off of a very high base, and
Speaker 7: I think obviously technology and the tech related sectors are
Speaker 7: what's driving that. And the margin profile of the S
Speaker 7: and P five hundred is just very different than it
Speaker 7: used to be, you know, ten fifteen years ago. So
Speaker 7: when you're looking at oh, you know, the elevated pe
Speaker 7: of twenty one to twenty two times. But the makeup
Speaker 7: of this is just very different and is worthy of
Speaker 7: that higher multiple.
Speaker 2: Can we finish on one of your sanctify favorites? Something
Speaker 2: you know tons about chips, the rudy we saw in
Speaker 2: Stemmi's forty percent move in April. What do you tell
Speaker 2: people they should do in that sector now after a running.
Speaker 7: Like that, I mean it's buying on strength, I think
Speaker 7: when you really and I think this is part of
Speaker 7: the heart, you know, reconciling this, Like we're three and
Speaker 7: a half years into when like this AI cycle, and
Speaker 7: I don't think that anyone would have thought that three
Speaker 7: and a half years in the infrastructure players would have
Speaker 7: been still the beneficiaries of this trade, right, you would
Speaker 7: have thought it would be the ads, And you're seeing
Speaker 7: all these you know, the margin expansion story happen in
Speaker 7: play out. But because we're so supply constrained, in an
Speaker 7: energy constrained it really is that you're still seeing these
Speaker 7: these you know, the nuts and bolts of this build out.
Speaker 4: Those are still the winners.
Speaker 7: And I don't foresee we don't foresee that changing in
Speaker 7: the next you know, two three years.
Speaker 2: Check the industry for so long though, That's why it's
Speaker 2: often so cyclical, but initially supply constrained, they build it out.
Speaker 6: The opposite happens.
Speaker 7: Bust, particularly on the memory side.
Speaker 2: Right, So why is this different? Why does this have
Speaker 2: a long a timeline?
Speaker 7: Well, because I think when you when you think about
Speaker 7: the starting line, like the starting line, we just didn't
Speaker 7: have the industrial capacity to really build.
Speaker 4: Out what we need now.
Speaker 7: Right, this all happened and accelerated very quickly, and we
Speaker 7: just didn't have the industrial base. Now there's obviously a
Speaker 7: lot of incentives to build that out, but we're still
Speaker 7: very far behind. And I think, you know, it's really
Speaker 7: been over the last like eight to ten months, call
Speaker 7: it where you've also seen it's just been this trade
Speaker 7: around all of these different components that go into this, right,
Speaker 7: whether it's optical, whether it's memory. We're so those weren't
Speaker 7: really it was at first it was just GPUs and
Speaker 7: it was just you know, the compute. But now it's
Speaker 7: just this broader set of inputs that are all needed.
Speaker 2: That we don't have enough of, and you think people
Speaker 2: should stick with that trade?
Speaker 7: Yes, within tech were you know semis over hardware over software.
Speaker 2: Stay with us more Bloomberg surveillance coming up after this.
Speaker 2: President Donald Trump hosting the Artomist two astronauts at the
Speaker 2: White House this week, the visit coming nearly a month
Speaker 2: after the historic trip around the Moon. I'm really pleased
Speaker 2: to say that. In the studio here in New York City,
Speaker 2: the NASA administrator Jared Isaac mun chared, good morning.
Speaker 4: Going to see you.
Speaker 6: It's good morning.
Speaker 4: It's great to be here.
Speaker 2: The pictures are amazic. I understand it costs a lot
Speaker 2: of money. Can you explain to all of us what
Speaker 2: we actually achieved in the last month.
Speaker 8: Well, I would consider that Artemist two is part of
Speaker 8: a much bigger plan. So President Trump, during his first
Speaker 8: term created the Artemis program, America's commitment to return to
Speaker 8: the Moon. My first day on the job, he signs
Speaker 8: a National Space policy that says, pick up where Apollo
Speaker 8: seventeen left off. Return to the Moon, but go back
Speaker 8: to stay this time. Build an enduring presence, good luck.
Speaker 8: Build a moon base, which I mean it's going to
Speaker 8: be a hub for scientific discovery, economic potential. Maybe we
Speaker 8: have a lunar economy someday, but it will be the
Speaker 8: technological proving ground for where we go next, which is
Speaker 8: more so all part of a bigger plan. Artemis two
Speaker 8: is just the opening act.
Speaker 2: In the period of time, we have changed space exploration
Speaker 2: a lot. We've introduced commercial space exploration. What does that
Speaker 2: mean for the role of NASA as we try to
Speaker 2: achieve these things.
Speaker 8: It's interesting I get that question all the time because
Speaker 8: there are some new names. You have, your SpaceX's and
Speaker 8: Blue origins that get everyone's attention. It's like, where does
Speaker 8: NASA fit in? I remind folks, you go back to
Speaker 8: the nineteen sixties. You had Boeing, yet McDonald douglas built
Speaker 8: the gem and E spacecraft. You had a Grummin that
Speaker 8: built the lander that put the astronauts on the Moon.
Speaker 8: Many of those players still exist today, but we have
Speaker 8: some new and SpaceX Blue origin. NASA is at its
Speaker 8: best when we're doing the near impossible with no other agency, company,
Speaker 8: nation in the world is capable of accomplishing. And when
Speaker 8: we figure it out, if NASA can be one customer
Speaker 8: of many, we hand it off to industry and let
Speaker 8: competitive dynamics make it better, costs less. Launch is a
Speaker 8: great example. Right now, dozens of companies brought down the
Speaker 8: cost put mass in orbit materially, NASA recalibrates. Like that
Speaker 8: picture you had on the screen, which was a nuclear
Speaker 8: powered spaceship, that's not something industry you should be playing with.
Speaker 8: They don't need to mess around with highly enriched uranium
Speaker 8: launch reactors over Earth. That's something that NASA is capable
Speaker 8: of doing. So we recalibrate again back to the near impossible.
Speaker 4: The capabilities allows us to explore the outer sols.
Speaker 1: Just I think about the space race down back in
Speaker 1: the fifties and sixties and how much that put grants
Speaker 1: in all sorts of academic centers to try to get
Speaker 1: up new scientists, to get them into exactly that kind
Speaker 1: of thing. Is this kind of what we're replicating here?
Speaker 8: Well, I like to think, and I just told this
Speaker 8: to Congress this past week, is every dollar you give
Speaker 8: us inherent in it is inspiration.
Speaker 6: So of course, the.
Speaker 8: Rockets, the rockets, the astronauts are walking on the Moon,
Speaker 8: the explanes, the images that come back from James Webspace
Speaker 8: Telescope or our rovers on Mars. That's not enough, right,
Speaker 8: That's enough to spark the interest. You more kids dressing
Speaker 8: up as astronauts for Halloween. But we still have a
Speaker 8: huge grand portfolio that goes out to university. We have
Speaker 8: a top internship program right now, we take the top
Speaker 8: one percent of internship applications. And what I like about
Speaker 8: our moon based program right now, we're going to have
Speaker 8: landers on the Moon on a near monthly cadence starting
Speaker 8: in early twenty twenty seven. We could raid the pantry
Speaker 8: at every NASA center for science instruments.
Speaker 4: There won't be enough. So what does that mean?
Speaker 8: There's kids in universities right now in the United States
Speaker 8: and across the world that are working on hardware that's
Speaker 8: going to be on the Moon in the years ahead.
Speaker 1: There's an argument why focus on space when we have
Speaker 1: a lot of problems here on Earth to fix? Can
Speaker 1: you give us a sense of some of the scientific
Speaker 1: progress that's coming from some of these programs that has
Speaker 1: real world application beyond just necessarily hyperscalers on the moon?
Speaker 6: Sure?
Speaker 8: Well, I mean, first, we've been hearing this since the
Speaker 8: nineteen sixties too, And what I would say, it's a different,
Speaker 8: different budgetary environment now versus then. So nineteen sixties NASA
Speaker 8: is about four and a half percent of the discretionary budget.
Speaker 4: We're about a quarter of.
Speaker 8: A percentage now, So I would argue we can do both.
Speaker 8: We can make investments into a brighter future for the
Speaker 8: you know, for the world we want our children to
Speaker 8: grow up and try and address some of the hardships,
Speaker 8: the affordability, the challenges of the world we live in today.
Speaker 8: And does it matter for sure? Inspiration is a price
Speaker 8: worth paying for the next generation to take us even
Speaker 8: farther scientific economic potential, I mean, go to the moon.
Speaker 8: What could a lunar economy look like someday? I mean,
Speaker 8: whether we are three D printing satellites like you described,
Speaker 8: or maybe we're mining helium three that could have quantum
Speaker 8: implications or future or future fusion power, a source of
Speaker 8: future fusion power, not to mention to just look knowledge.
Speaker 8: I mean, what do we stand a learning game? We've
Speaker 8: only just begun this great adventure.
Speaker 2: Can you achieve these goals with budget cuts? They're the
Speaker 2: questions you've faced all through the last few weeks.
Speaker 8: Well, I guess, and I'll tell you the same thing
Speaker 8: I told Congress on that is, you can't just look
Speaker 8: at the president's f y twenty seven budget requests without
Speaker 8: taking it in combination with the historic ten billion dollar
Speaker 8: investment that came from the Working Family Tax Cut Act,
Speaker 8: that one big beautiful bill, President Trump's signature life legislation.
Speaker 8: You take that ten billion plus twenty six appropriations plus
Speaker 8: twenty seven what can we do.
Speaker 4: We can go back to the moon. We can do
Speaker 4: it with frequency.
Speaker 8: We can build the moon base, we can launch a
Speaker 8: giant nuclear powered interplanetary spaceship, and do all the other things.
Speaker 2: You've been to space, not once but twice, right, yes, sir.
Speaker 2: I don't have the imagination that you have about what
Speaker 2: this could be. When I hear things like data centers
Speaker 2: in space, I'm like, these guys are crazy. I just
Speaker 2: haven't flexed that muscle. I was never into sci fi.
Speaker 2: What could this be? What do you tell people? How
Speaker 2: imaginative do you need to be?
Speaker 4: Well, let me let me hit that on two points one?
Speaker 6: Where do you know?
Speaker 8: What is my takeaway from coming back from space more twice?
Speaker 8: At this point we are at with respect to even
Speaker 8: exploring our Solar system, let alone the galaxy that you
Speaker 8: know the or the two trillion other galaxies out there.
Speaker 4: We're at the.
Speaker 8: Equivalency of hollowing out a log and using it to
Speaker 8: float across a pond like that is where we are
Speaker 8: at in this great adventure. It is so early. I mean,
Speaker 8: you have no idea where this is going to take
Speaker 8: us in years ahead. And then how do we get there? Well,
Speaker 8: a space economy sure would be great, because I don't
Speaker 8: think we're going to have that sci fi future we
Speaker 8: imagine with lots of space stations in orbital outposts and
Speaker 8: a Mars space if it's entirely paid for by the taxpayers.
Speaker 8: So I want data centers in space to work. Why
Speaker 8: not take advantage of a giant fusion reactor that's already
Speaker 8: out there. I want, you know, I want three I
Speaker 8: want us three D printing organs. I want us making
Speaker 8: cancer curing drugs in micro gravity.
Speaker 4: I want all that to come to fruition.
Speaker 8: We can't force it into existence at NASA, but we
Speaker 8: can do all we can to ignite it.
Speaker 2: You know, when Jared walked into the studio, one of
Speaker 2: my first questions to him was, you've made lots of money.
Speaker 2: You've had this great, successful life in private business. Why
Speaker 2: do you want to gome to government. I've never heard
Speaker 2: someone so excited in the job on government.
Speaker 1: He feels like you can make a difference. I don't know,
Speaker 1: it's very exciting here. I wish I could hear you
Speaker 1: talk for the rest of the hour, frankly, because to me,
Speaker 1: this is really the exciting stuff where we could actually
Speaker 1: innovate and find new places. Do we want to find
Speaker 1: aliens that Do we actually want to find other life?
Speaker 1: I don't think so.
Speaker 2: Person then I don't know.
Speaker 8: This is the heart of what we do at NASA's
Speaker 8: to answer the question are we alone? I don't know
Speaker 8: how across two trillion gallony that we are not. I
Speaker 8: am when I have this conversation with a lot of folks,
Speaker 8: and we have missions out there right.
Speaker 4: We're launched a.
Speaker 8: Probe to Europa called Europa Clipper looking for biosignatures. We're
Speaker 8: launching a nuclear powered octicopter to Saturn's moon of Titan
Speaker 8: to look for biosignatures. And we have samples and tubes
Speaker 8: on Mars and if we bring those back, we put
Speaker 8: it in a better ninety percent chance.
Speaker 4: To the breakway.
Speaker 2: And you know what a conspiracy theorists are going to say,
Speaker 2: they pulled the plug.
Speaker 4: They pulled the plug.
Speaker 6: It's about to say it.
Speaker 2: It was about to say it, Chad, thank you, sir. Absolutely,
Speaker 2: this is the Bloomberg Sevents podcast, bringing you the best
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