WEBVTT - Bishop T.D. Jakes on Understanding Covid-19 Vaccines 0:00:00.280 --> 0:00:02.920 This is Bloomberg Business Week. I'm Carol Masser and I'm 0:00:02.920 --> 0:00:05.760 Bloomberg Quick Takes Tim Stanobek. We're here every day bringing 0:00:05.760 --> 0:00:08.240 you the latest news from the world's of business and finance, 0:00:08.320 --> 0:00:12.120 plus technology, politics, economics, all harnessing the power of Business 0:00:12.119 --> 0:00:15.600 Week reporters and editors, not to mention our journalists and 0:00:15.640 --> 0:00:18.080 analyst in more than one and twenty countries. You can 0:00:18.120 --> 0:00:21.720 download Bloomberg Business Week on iTunes, SoundCloud, or Bloomberg dot com. 0:00:21.880 --> 0:00:23.600 You can also listen to our radio show at two 0:00:23.640 --> 0:00:26.320 pm Eastern Time on Bloomberg Radio, or watch us on 0:00:26.360 --> 0:00:31.040 YouTube search Bloomberg Global News. Well, Jeff Bezos, the household 0:00:31.040 --> 0:00:34.560 CEO name, do you want to game stop thing again? Oh? Yeah, 0:00:34.560 --> 0:00:36.760 I do, Thank you. So earlier we were talking to 0:00:36.960 --> 0:00:40.040 Dave Wilson and I said that game Stop stock had 0:00:40.080 --> 0:00:42.839 fallen into THEO had been in the single digits just 0:00:42.920 --> 0:00:44.760 a few weeks ago. I got was getting it confused 0:00:44.760 --> 0:00:46.640 with a MC, so I want to correct myself. It 0:00:46.720 --> 0:00:48.720 had fallen to you know, it had come from just 0:00:48.760 --> 0:00:51.960 about eighteen dollars a free weeks ago. Alright, so good 0:00:52.000 --> 0:00:55.200 to clarify. Since we've been watching the moves We've also 0:00:55.240 --> 0:00:58.480 been watching the moves at Amazon in terms of changing 0:00:58.480 --> 0:01:01.440 the CEO job. Jeff us us a household see you name, 0:01:01.480 --> 0:01:04.040 and I'm guessing now, Tim, that will become true for 0:01:04.040 --> 0:01:07.080 the new Amazon CEO who's taking on the top leadership 0:01:07.120 --> 0:01:09.399 job at the world's largest online retailer. We're talking about 0:01:09.400 --> 0:01:13.640 Andy Jasse. Let's get more about Jasse. Bloomberg News technology 0:01:13.640 --> 0:01:16.200 reporter Matt Day joining us on the phone from Seattle. Matt, 0:01:16.200 --> 0:01:18.800 great to have you here with us. Um, what do 0:01:18.840 --> 0:01:22.440 we need to know about Andy Jasse? A few things. 0:01:22.440 --> 0:01:25.639 He's as Amazon lifer. He joined in at a Harvard 0:01:25.640 --> 0:01:28.280 business school, so he's been you know, invasis his shadow 0:01:28.400 --> 0:01:31.240 for for quite a while. He's actually the first sort 0:01:31.280 --> 0:01:34.360 of chief of staff to Bezos. When they first established 0:01:34.360 --> 0:01:36.520 that role at Amazon, it was very much in the 0:01:36.560 --> 0:01:39.240 mold of the executive he's been following for for quite 0:01:39.240 --> 0:01:41.120 some time there. And what about when it comes to 0:01:41.240 --> 0:01:44.920 his role with Amazon Web Services. I mean, Amazon Web 0:01:44.920 --> 0:01:47.960 Services is by far the most profitable segment when it 0:01:48.000 --> 0:01:50.400 comes to Amazon, but it's by no means the biggest, 0:01:51.800 --> 0:01:54.440 that's right, Um, you know, and I think people were surprised, 0:01:54.560 --> 0:01:56.200 you know, it's just five six years ago now, when 0:01:56.200 --> 0:01:59.000 Amazon first broke out the revenue for Amazon Web Services, 0:01:59.200 --> 0:02:02.200 Andy jase A s into inception, Um, it is the 0:02:02.200 --> 0:02:05.120 biggest profit driver for the company. It's really reshaped how 0:02:05.720 --> 0:02:08.760 corporations of all sizes by their own technology. You know, 0:02:08.840 --> 0:02:11.680 they're far away the leading cloud computing company. I think 0:02:11.680 --> 0:02:14.920 it's his promotion really underlines the value of you know, 0:02:14.960 --> 0:02:17.360 this wonky tech business to a lot of people think 0:02:17.400 --> 0:02:19.919 of it as a primarily retail company. Matt, I love 0:02:19.960 --> 0:02:22.400 your story and you really get into who this guy is, 0:02:22.639 --> 0:02:26.920 and I'm curious. You know, it sounds like Jassy understood 0:02:26.960 --> 0:02:31.320 the potential for something like Amazon Web Services way before 0:02:31.360 --> 0:02:34.040 anyone else. I always talked about the time years ago 0:02:34.040 --> 0:02:35.920 when the Bloomberg story came out and was like, if 0:02:35.960 --> 0:02:39.000 you were streaming X y Z last night, you probably 0:02:39.000 --> 0:02:40.840 were doing it through an Amazon Web server. And we 0:02:40.840 --> 0:02:44.120 were like, what, wait, what is this business that Amazon's into? 0:02:44.600 --> 0:02:47.760 What was it that Jesse saw and that enabled him 0:02:47.760 --> 0:02:50.239 to kind of just get out there and in many 0:02:50.320 --> 0:02:54.400 ways own this market. Sub Jensing and Bezos and a 0:02:54.440 --> 0:02:58.480 few other Amazon executives fifteen years ago now, they looked 0:02:58.480 --> 0:03:01.400 at the way that companies eye technology, run technology and 0:03:01.400 --> 0:03:03.440 realized it was all, you know, kind of cumbersome and 0:03:03.480 --> 0:03:05.919 complicated a string together, so they worked to simplify it 0:03:06.000 --> 0:03:08.200 to its simplest parts, right, And that's that's really what 0:03:08.240 --> 0:03:10.800 they launched with. Here's an online storage service, here's an 0:03:10.840 --> 0:03:14.040 online you know, the equivalent of of processing power, raw 0:03:14.240 --> 0:03:17.239 raw computer chips for rent essentially, and by kind of 0:03:17.240 --> 0:03:19.200 breaking it down into its simplest parts, they made a 0:03:19.240 --> 0:03:23.160 really really simple case that you know, maybe customers wanted 0:03:23.200 --> 0:03:25.520 to string all this together themselves, and they were They 0:03:25.560 --> 0:03:27.840 were proved right by that. You know, folks did want 0:03:27.840 --> 0:03:30.440 that kind of simplicity and ease of use. Um, and 0:03:30.480 --> 0:03:32.519 it's really really shaped thing. What about when it comes 0:03:32.560 --> 0:03:37.119 to Jeff Bezos management style? Um, you know you said 0:03:37.160 --> 0:03:41.400 that Jasse has been at Amazon for as a lifer. 0:03:42.080 --> 0:03:45.480 I what does it mean in terms of how he's 0:03:45.520 --> 0:03:48.880 going to lead Amazon similarly or or different than Jeff 0:03:48.880 --> 0:03:52.920 Bezos has led it. He's definitely in the basos mods 0:03:52.960 --> 0:03:55.240 in terms of how these structures his team. Right. There's 0:03:55.280 --> 0:03:58.520 these these legendary weekly meetings will have where they dive 0:03:58.560 --> 0:04:01.640 into data and try to pick out trends and kind 0:04:01.680 --> 0:04:03.480 of lead with the customer and lead with the numbers. 0:04:03.520 --> 0:04:06.240 That's very Bezocene in the way that he structured it. 0:04:06.240 --> 0:04:08.240 I think it's too soon to tell how he's going 0:04:08.280 --> 0:04:10.720 to bring um what changed in my frame rather to 0:04:10.840 --> 0:04:13.360 the retail side of the business. And he's been diving 0:04:13.400 --> 0:04:15.320 into cloud for for a very long time. And though 0:04:15.320 --> 0:04:17.200 he's been in all the all the top meetings, you know, 0:04:17.240 --> 0:04:19.840 you haven't been running day to day operations for the 0:04:19.839 --> 0:04:23.599 company's sprawling other divisions. UM. I think we expectation is 0:04:23.640 --> 0:04:26.960 for a similar style to Bezos, and maybe something different 0:04:26.960 --> 0:04:28.840 as it gets his hands into the other elements of 0:04:28.880 --> 0:04:30.120 the company. Well, that's what I want to ask you, 0:04:30.120 --> 0:04:32.400 because you said very much in the mold of Jeff Bezos, 0:04:32.480 --> 0:04:35.200 which could be an incredible thing and certainly be calming 0:04:35.200 --> 0:04:39.800 to investors right now. But at the same time, you know, what, 0:04:39.960 --> 0:04:42.800 do what does Amazon need in a CEO going forward, 0:04:42.880 --> 0:04:45.160 especially then you still have the safety net of Jeff 0:04:45.200 --> 0:04:50.120 Bezos being around. I think Bezos which would probably say 0:04:50.160 --> 0:04:52.840 that Amazon still needs to make big bets. Um. You 0:04:52.880 --> 0:04:55.200 know they are. They are a giant company, and I 0:04:55.160 --> 0:04:57.160 think big it's the reputation for sort of winning in 0:04:57.480 --> 0:05:00.760 every market they enter Amazon doesn't be it that way. 0:05:00.600 --> 0:05:03.320 They look around and they see fierce competitors in in 0:05:03.360 --> 0:05:05.800 every area in which they play, whether it's Walmart, retail, 0:05:05.880 --> 0:05:08.559 Microsoft clouds, you know, there's plenty of others down the line. 0:05:08.920 --> 0:05:10.720 And so I think that the marching orders for him coming, 0:05:10.720 --> 0:05:13.359 and certainly, as Beatos would would rejected to keep making 0:05:13.400 --> 0:05:15.320 those kind of large bets that can move the needle 0:05:15.440 --> 0:05:18.159 for you know, it's already a one point seven trillion 0:05:18.160 --> 0:05:20.600 dollar company. Hey, Matt, what does this mean for Amazon 0:05:20.680 --> 0:05:25.080 Web Services now? Because look, since Amazon established a WUS 0:05:25.320 --> 0:05:29.040 years ago, there's so much more competition, and there's also 0:05:29.520 --> 0:05:33.760 pricing pressure for sure, and that's it's been a little 0:05:33.760 --> 0:05:35.880 bit of debate in the national analyst community. You know, 0:05:35.920 --> 0:05:39.360 what threat do uh Microsoft and Google, who are very 0:05:39.440 --> 0:05:42.440 much you know, following the ass playbook, what threat they 0:05:42.480 --> 0:05:45.320 present to Amazon's cash cow? You know, I think this 0:05:45.320 --> 0:05:49.440 this elevation certainly answers the you know, does Amazon want 0:05:49.480 --> 0:05:53.400 to cleave off Amazon Web Services conversation? It's been a 0:05:53.400 --> 0:05:55.440 long point of debate about whether it be worthwhile to 0:05:55.520 --> 0:05:58.120 spin off that unit, just because of the obvious differences 0:05:58.120 --> 0:06:01.359 from the retail business. Jazz think the top role probably 0:06:01.360 --> 0:06:03.880 cools that for for a little bit anyway, right, because 0:06:04.000 --> 0:06:06.560 do they in some ways it provides them a bit 0:06:06.560 --> 0:06:09.920 of a cushion to have that UH company part of 0:06:10.240 --> 0:06:14.479 you know, the Amazon umbrella at this point. Oh absolutely. Um, 0:06:14.520 --> 0:06:16.760 but I think there's just been some drag from the 0:06:17.080 --> 0:06:19.480 UH if you're sitting in the US side anyway, just 0:06:19.600 --> 0:06:22.440 all of the sort of political entanglements that Amazon has 0:06:22.440 --> 0:06:25.160 found itself in thanks to its market power and retail 0:06:25.320 --> 0:06:29.559 and some of the personal feuds between you know, foreign 0:06:29.560 --> 0:06:33.159 President Trump and Jeff Bezos. I think if if Andy 0:06:33.160 --> 0:06:35.479 were being a little candidate to Jesse, you might admit that, 0:06:35.800 --> 0:06:38.520 you know, being related to Amazon is maybe hurt a 0:06:38.680 --> 0:06:41.240 WUS and some sales conversations over the years with a 0:06:41.240 --> 0:06:45.000 Turkey political line to navigate for. And it's interesting too 0:06:45.000 --> 0:06:47.680 that you say, while they are similar creatures. Um, and 0:06:47.720 --> 0:06:52.280 he's very much into philanthropy, which is something that's how 0:06:52.400 --> 0:06:55.160 to Jeff Bezos. Yeah, and Amazon. I think overall, I 0:06:55.240 --> 0:06:58.480 would say, um, so great story. Um, Matt really appreciate it. 0:06:58.560 --> 0:07:02.040 Matt Day, tech reporter at bloom News. This is Bloomberg 0:07:02.080 --> 0:07:05.720 Business Week with Carol Masser and Bloomberg Quick Takes Tim 0:07:05.800 --> 0:07:09.720 Stinovic from Bloomberg Radio. So, just a few days ago, 0:07:09.800 --> 0:07:12.440 the Associated Press came out with an analysis of seventeen 0:07:12.520 --> 0:07:13.920 U S States and two cities, and they found that 0:07:14.000 --> 0:07:17.360 black people inoculated with the COVID nineteen vaccine TIM at 0:07:17.400 --> 0:07:20.920 this disproportionately low level. So once again we see these inequities. 0:07:21.000 --> 0:07:22.960 It's not just happening nationwide, but here in New York 0:07:23.000 --> 0:07:25.160 City as well. Yeah, we'll definitely see that. So let's 0:07:25.160 --> 0:07:27.640 see what Bishop T. D. Jake's has to say about that, 0:07:27.720 --> 0:07:30.760 Chairman of td Jake's Foundation. He's on the phone once 0:07:30.760 --> 0:07:34.120 again with us from Dallas. Bishop Jake's good to have 0:07:34.280 --> 0:07:36.680 you here with us, and I know this is something 0:07:36.720 --> 0:07:39.400 that has been front and center for you. You all 0:07:39.480 --> 0:07:42.520 recently hosted an event that included Dr Anthony Fauci to 0:07:42.560 --> 0:07:45.760 get a better understanding of the COVID nineteen vaccine. Talked 0:07:45.760 --> 0:07:48.560 to us about that event and what the takeaways were 0:07:48.680 --> 0:07:52.120 from Dr Fauci. First of all, it's played you to 0:07:52.160 --> 0:07:57.400 be with you til today. Uh. We did conversation with America, 0:07:57.480 --> 0:08:02.080 which anybody can go see on two d j's YouTube channel. Uh, 0:08:02.120 --> 0:08:07.320 and we did an extensive conversation with Dr Kisomikia Corbid 0:08:07.320 --> 0:08:12.080 and dogg from your university, and she's from the Institute 0:08:12.120 --> 0:08:15.440 of Biology and Infectious Diseasus, And of course Dr Fauci, 0:08:16.080 --> 0:08:19.600 just to aggregate information and ask some questions that would 0:08:19.600 --> 0:08:23.320 help to alleviate some concerns or address some of the 0:08:23.400 --> 0:08:27.760 concerns that are prevalent in the African American community. Do 0:08:27.800 --> 0:08:31.360 you think those concerns Bishop Jake's are are being addressed? 0:08:31.600 --> 0:08:35.559 Are are you hearing that those concerns are are shifting 0:08:35.600 --> 0:08:40.160 as we learn more and more about the vaccines. I 0:08:40.200 --> 0:08:43.360 think that they are gradually shifting in certain pockets. Of course, 0:08:43.440 --> 0:08:46.960 African American community is not a monolith, and so depending 0:08:47.040 --> 0:08:51.480 on your age and who you congregate or coalesce with, UH, 0:08:51.640 --> 0:08:55.120 your perception of the situation might be varied according to 0:08:55.200 --> 0:08:58.480 your age group of how closely associated you are with 0:08:58.559 --> 0:09:01.640 a tremendous amount of deaths that we are saying. Being 0:09:01.640 --> 0:09:05.360 a pastor, also, I'm abundantly aware of how many funerals 0:09:05.400 --> 0:09:09.120 were conducting and really have a front row seat on 0:09:09.200 --> 0:09:11.960 the families behind the numbers. So it's very apparent to 0:09:12.040 --> 0:09:15.480 me that we are definitely losing lives that a much 0:09:15.559 --> 0:09:18.600 larger rate than our white counterparts, and I thought it 0:09:18.720 --> 0:09:22.080 was really important to maybe use our platform to level 0:09:22.160 --> 0:09:26.319 the plane for and get out adequate and accurate information 0:09:26.640 --> 0:09:29.120 so that people can make their own determination right. The 0:09:29.120 --> 0:09:31.640 CDC did come out and they've talked about Black, Hispanic 0:09:31.640 --> 0:09:34.440 and Native American people dying from COVID nanteen it almost 0:09:34.440 --> 0:09:37.160 three times the rate of white people. So, Bishop Jakes, 0:09:37.200 --> 0:09:40.040 do you feel like things are improving, that there's more 0:09:40.080 --> 0:09:43.440 information out there, maybe education to put the Black community 0:09:43.480 --> 0:09:46.800 maybe more at ease so that they will up in 0:09:46.920 --> 0:09:51.240 terms of their numbers for getting the vaccine. My biggest 0:09:51.280 --> 0:09:55.200 concern is that even where the attitude is improving, the 0:09:55.280 --> 0:10:00.040 access is not. But we're only having about penetration and 0:10:00.160 --> 0:10:03.640 into the black community where it is accessible, particularly to 0:10:03.720 --> 0:10:07.079 our older citizens, where they can easily get into one 0:10:07.160 --> 0:10:10.600 and then come back and get the second fascination that's 0:10:10.720 --> 0:10:15.439 necessary to uh secure some relative safety from from being infected, 0:10:15.840 --> 0:10:19.000 and so that that is a problem. Accessibility is a problem, 0:10:19.040 --> 0:10:22.400 and then dispelling risk continues to be a challenge. I 0:10:22.440 --> 0:10:25.440 think it's something that we're going to be working on 0:10:25.920 --> 0:10:28.560 all through first and second quarter of the year, probably 0:10:28.760 --> 0:10:32.200 into the third quarter, getting them comfortable just due to 0:10:32.200 --> 0:10:36.320 the fact that we've had so many historical discouraging UH 0:10:36.600 --> 0:10:41.040 incidents that have occurred between health professionals, the government officials, 0:10:41.120 --> 0:10:44.079 and the Black community that have continued to call for 0:10:44.160 --> 0:10:48.040 and angstent and anxiety amongst people of color and trust 0:10:48.679 --> 0:10:52.760 associated with taking the vacination right. I think it's important 0:10:52.760 --> 0:10:54.960 to keep in mind there is historical context and lots 0:10:54.960 --> 0:10:58.120 of reason for people to be skeptical, especially in the 0:10:58.120 --> 0:11:00.680 Black community, about this UM very brief so, you are 0:11:00.720 --> 0:11:03.880 a great communicator. You have more than four million Twitter followers, 0:11:03.880 --> 0:11:06.120 You've built up a huge following. What is the right 0:11:06.120 --> 0:11:09.280 way for the Biden administration or even local officials to 0:11:09.440 --> 0:11:12.920 communicate in communities throughout the United States that this is 0:11:12.920 --> 0:11:14.680 a vaccine that is safe and that people need to 0:11:14.720 --> 0:11:20.679 get I think that the community most trust its own leadership. 0:11:20.800 --> 0:11:23.920 That there are various leaders on the Baith community is 0:11:23.960 --> 0:11:27.480 one aspect of it, but also personalities of interests that 0:11:27.559 --> 0:11:31.719 also have coalesce huge following the people UH that they 0:11:31.800 --> 0:11:35.040 trust their motives. I think that's one aspect of the 0:11:35.320 --> 0:11:38.400 I think people, every day, people off the street influence 0:11:38.480 --> 0:11:41.240 people more than even personalities too, so I think they 0:11:41.240 --> 0:11:44.160 have to use a multiple approach in order to miss 0:11:44.240 --> 0:11:48.360 film miss and unfortunately you're also fighting the onslaught of 0:11:48.480 --> 0:11:54.200 social media and wrong information being pratentuated through all those vehicles. Well, 0:11:54.240 --> 0:11:56.760 and I think everyone hopes too, that is people see 0:11:56.840 --> 0:11:59.640 more and more people get the vaccine, and as time 0:11:59.679 --> 0:12:03.800 goes on and hopefully with a safe outcomes that more 0:12:03.800 --> 0:12:05.920 people will step up and take it. Um. Bishop Jake's 0:12:05.920 --> 0:12:07.840 always good to check in with you, be well, Chairman 0:12:07.880 --> 0:12:11.000 of the T. D. Jake's Foundation. On the phone from Dallas. 0:12:11.200 --> 0:12:15.199 This is Bloomberg Business Week with Carol Messer and Bloomberg 0:12:15.240 --> 0:12:19.680 Quick Takes Tim Stinovich from Bloomberg Radio. Well, I gotta say, Tim, 0:12:19.720 --> 0:12:22.240 I've lost count how many COVID related cover stories Bob 0:12:22.280 --> 0:12:26.240 Lingrith has done for Business Week. He's covered Guilliad from Desevie, 0:12:26.440 --> 0:12:28.679 He's covered the White House COVID outbreak. It has been 0:12:28.960 --> 0:12:31.400 so many different stories and we've learned so much from him. Yeah, 0:12:31.480 --> 0:12:34.200 we certainly have. And this one is the cover story 0:12:34.240 --> 0:12:36.880 and the cover of Bloomberg Business Week this week is 0:12:37.160 --> 0:12:39.920 ready for the next one. And it features a large 0:12:39.960 --> 0:12:43.440 picture of a bat. Yes it does. So it's really 0:12:43.480 --> 0:12:45.040 kind of warning us. Here's what we've got to do 0:12:45.080 --> 0:12:46.600 to be ready for the next one. Let's get into 0:12:46.600 --> 0:12:49.319 it with Bob. He is healthcare reporter at Bloomberg News 0:12:49.360 --> 0:12:51.600 on the phone in New Jersey, along with Bloomberg Business 0:12:51.640 --> 0:12:54.600 Week editor Joel Webber on the access line in Brooklyn. 0:12:54.800 --> 0:12:57.720 It's a reminder, joll, there will be more pandemics and 0:12:57.800 --> 0:13:03.480 epidemiological crisises. Um, we've got a plan for it. Well, 0:13:03.760 --> 0:13:05.880 we need a plan for it. And you know that 0:13:06.400 --> 0:13:08.520 the cover line they're ready for the next one. It 0:13:08.640 --> 0:13:10.880 ends with the question mark like ready for the next one, 0:13:11.480 --> 0:13:15.840 and right now we are not. And UM. What Bob did, 0:13:16.080 --> 0:13:18.000 um and reported out here, and I've lost track of 0:13:18.000 --> 0:13:20.880 how many cover stories Bob's done over the course of 0:13:20.920 --> 0:13:24.680 the last year for us, it's been truly amazing. Um. 0:13:24.720 --> 0:13:26.560 But what he really maps out here is the five 0:13:26.600 --> 0:13:29.960 point plan. And if we were to get on it 0:13:30.200 --> 0:13:33.080 and you know, jump all over this five point plan, 0:13:33.679 --> 0:13:37.720 we might find ourselves, um, in a pretty decent place, 0:13:37.920 --> 0:13:39.880 certainly a better one than we found ourselves in a 0:13:39.920 --> 0:13:44.000 year ago. Right about now, um, and Bob, along the way, 0:13:44.160 --> 0:13:48.280 you also got some exclusive reporting about you know, how 0:13:48.320 --> 0:13:52.120 close we were to actually maybe having a leg up 0:13:52.280 --> 0:13:55.880 on on viruses like this. Um, so walk us through 0:13:55.920 --> 0:13:59.160 what what you learned, um as you reported out your 0:13:59.200 --> 0:14:02.640 cover story. Yeah, so it turns out that as I did, 0:14:02.679 --> 0:14:05.280 they're supporting you know that there were a lot of 0:14:05.320 --> 0:14:09.120 people thinking about this and interested. You know, year didn't 0:14:09.120 --> 0:14:11.199 know it was going to be a coronavirus, but everyone 0:14:11.240 --> 0:14:14.280 knew something was coming eventually, the infectious dis these experts 0:14:14.280 --> 0:14:16.040 did and there weren't people that were thinking about how 0:14:16.080 --> 0:14:18.320 to prepare, on how to do things. But uh, there 0:14:18.360 --> 0:14:20.560 just wasn't the WheelPower and energy to get it done. 0:14:20.640 --> 0:14:22.920 And one company, Glastow Smith Client I found out the 0:14:23.040 --> 0:14:27.280 very reporting actually proposed a whole uh kind of epidemic 0:14:27.560 --> 0:14:31.800 preparedness vaccine research center. They proposed this to the US 0:14:31.880 --> 0:14:34.520 government to BARDA, which is what's funding a lot of 0:14:34.520 --> 0:14:36.680 the vaccines now at a small agency funding a lot 0:14:36.720 --> 0:14:38.880 of the vaccines now. And they proposed a research center 0:14:38.920 --> 0:14:43.160 that would have looked in specifically into Messenger RNA vaccine 0:14:43.200 --> 0:14:45.960 that's one of the successful vaccines, and Anno virus space 0:14:46.000 --> 0:14:48.320 saccine that's the other type of vaccine has been successful 0:14:48.320 --> 0:14:51.520 in The idea was they would have taken like everything, uh, 0:14:51.640 --> 0:14:54.640 that you know, looked worrisome and gotten prototype vaccines into 0:14:54.680 --> 0:14:56.440 early trials so they could be ready to go and 0:14:56.440 --> 0:14:59.080 invent the next epidemic. But it just didn't happen. So 0:14:59.160 --> 0:15:00.840 we weren't quite as a here, you know, as we 0:15:00.880 --> 0:15:02.680 should have been right, and we should have been right, 0:15:02.800 --> 0:15:06.120 we could have been That's the whole point. And the 0:15:06.200 --> 0:15:07.920 cost of this thing, Yeah, it would have been five 0:15:08.800 --> 0:15:10.880 million over ten years, which I guess sounded like a lot, 0:15:11.000 --> 0:15:13.800 you know, three or four years ago, but compared to 0:15:13.840 --> 0:15:16.320 the costs he's had to bear now through this pandemic. Uh, 0:15:16.520 --> 0:15:19.560 you know, it's just you know, nothing like that. Now 0:15:19.680 --> 0:15:22.240 people are kind of dusting off versions of the proposal 0:15:22.320 --> 0:15:24.920 and saying, let's do it again, let's do something similar, 0:15:24.960 --> 0:15:26.640 And then some of these ideas are out there is 0:15:26.680 --> 0:15:29.640 what you know, we need is the willpower to do it. 0:15:29.760 --> 0:15:33.000 Another idea that's out there is to form me. And 0:15:33.080 --> 0:15:35.040 one of the problems they had is is good you know, 0:15:35.240 --> 0:15:38.640 data on the right these key moments when epidemics are 0:15:38.680 --> 0:15:40.760 starting to emerge. You know, it's sort of like a 0:15:41.640 --> 0:15:43.480 early in a forest fire. You got to identify it 0:15:43.600 --> 0:15:46.800 and identify the threats really soon and act and for that, 0:15:46.920 --> 0:15:49.360 you need really really good surveillance and really really really 0:15:49.400 --> 0:15:51.360 good data. And one of the ideas that's out there 0:15:51.720 --> 0:15:54.400 is to form a sort of a national weather uh 0:15:54.640 --> 0:15:59.040 service style agency that would model uh you know, upcoming 0:15:59.080 --> 0:16:01.480 emerging virus is a pandemics that come up with forecasts 0:16:01.600 --> 0:16:05.800 or more reliable uh you know, to tell to warn people, 0:16:05.880 --> 0:16:08.080 tell them you know what's coming or what might be coming, 0:16:08.120 --> 0:16:11.040 and they give politicians kind of the fortitude and cover 0:16:11.160 --> 0:16:14.200 to act. What about when you find amustriction was looking 0:16:14.200 --> 0:16:17.400 into what about when it comes to international cooperation and 0:16:17.600 --> 0:16:20.880 making sure there is international cooperation for the next pandemic. 0:16:21.480 --> 0:16:24.840 One of the key themes that you highlight is repairing 0:16:24.880 --> 0:16:28.760 and augmenting the w h O. Yeah, and this is 0:16:28.840 --> 0:16:30.760 probably you know, this is an area that people are 0:16:30.840 --> 0:16:34.640 talking about, and it's probably the twickiest, most difficult area 0:16:34.800 --> 0:16:38.120 to to to fix or improving reformed, because the basic 0:16:38.240 --> 0:16:41.000 problem we have is, you know that the viruses they 0:16:41.040 --> 0:16:43.880 cross borders. They don't care about you know, countries, and 0:16:43.960 --> 0:16:46.360 isn't not the national borders or you know, which political 0:16:46.400 --> 0:16:49.040 regime is in power, They go everywhere. And that's what 0:16:49.080 --> 0:16:53.320 we found, uh And yet uh so we want companies 0:16:53.560 --> 0:16:56.120 countries to cooperate as much as possible in reporting the 0:16:56.200 --> 0:16:58.440 early stages of pandemic. But the problem is no one 0:16:58.480 --> 0:17:01.680 really has the authority to do that too. And and 0:17:01.840 --> 0:17:04.560 and if countries that don't report on times, if they 0:17:04.560 --> 0:17:06.200 don't want to admit the scope of the problem, that 0:17:06.240 --> 0:17:09.040 might hurt their economy, etcetera. And we've seen this again again, 0:17:09.320 --> 0:17:12.159 then the world is a step behind. And the w 0:17:12.400 --> 0:17:14.399 H o uh, you know, it doesn't have a lot 0:17:14.480 --> 0:17:16.720 of teeth. That's just the way structured. So there's there's 0:17:16.840 --> 0:17:19.359 rumblings and discussions of what else can we do? You know, 0:17:19.440 --> 0:17:21.399 what can can we give a w H and more teeth? 0:17:21.560 --> 0:17:23.440 But we can can we add to it to give 0:17:23.560 --> 0:17:26.560 some other groups uh sort of a it's called like 0:17:26.640 --> 0:17:30.200 a you know, a NATO furbridging emerging viruses, your biological 0:17:30.320 --> 0:17:33.399 NATO have you know a little more power maybe a 0:17:33.440 --> 0:17:35.560 group of like minded nations to prepare there. So that's 0:17:35.640 --> 0:17:38.200 that's kind of ideas out there that people are trying 0:17:38.280 --> 0:17:39.760 to formula and try to figure out what to do. 0:17:39.920 --> 0:17:44.240 But that's probably a single most difficult area. But but 0:17:44.240 --> 0:17:46.240 another thing that um you talk about in the story 0:17:46.400 --> 0:17:49.959 is effectively how blind we're flying right now, especially as 0:17:50.000 --> 0:17:52.720 these variants start to come at us. And and really 0:17:52.760 --> 0:17:57.800 the solution there is genetic sequencing. How can we improve 0:17:57.880 --> 0:18:00.359 our genetic sequencing which is almost like a non existing 0:18:00.400 --> 0:18:03.240 at this point in the US. Yeah, I mean that 0:18:03.400 --> 0:18:08.359 should be one of the uh simpler areas to fix. 0:18:08.400 --> 0:18:10.359 I mean, you know, we have become of the technology 0:18:10.560 --> 0:18:12.639 is there, We have the technology, we just kind of 0:18:12.760 --> 0:18:16.040 haven't applied this in a national scale and made it 0:18:16.119 --> 0:18:19.080 a priority. And then you know which you know some 0:18:19.200 --> 0:18:21.320 other countries have done. They're far ahead of us on this. 0:18:21.480 --> 0:18:24.240 I think we sequence about three out of a thousand 0:18:24.480 --> 0:18:27.480 uh cases of the virus, so we just get a tiny, 0:18:27.560 --> 0:18:29.960 tiny sampling, and some other countries like England are doing 0:18:30.040 --> 0:18:32.359 five percent, some smaller countries or even doing more. So 0:18:32.400 --> 0:18:34.600 we're kind of way way behind. And this is something 0:18:34.720 --> 0:18:38.119 just basically a national effort, uh and making a national 0:18:38.200 --> 0:18:40.240 priority of that would just make a big difference. And 0:18:40.320 --> 0:18:42.080 the other thing that needs to be done is it 0:18:42.119 --> 0:18:43.560 needs to be an effort to kind of push more 0:18:43.600 --> 0:18:46.600 the sequencing expertise. Because we're a federal system, a lot 0:18:46.640 --> 0:18:48.720 of things are in states and local public health labs 0:18:48.760 --> 0:18:50.440 that we need an effort to push a lot of 0:18:50.480 --> 0:18:53.200 the expertise out into state and local public health labs. 0:18:53.200 --> 0:18:55.960 They're doing the contract tracing. But this is fixable. Someone 0:18:56.040 --> 0:18:58.199 just needs to make it a priority. Yeah, it's really logical. 0:18:58.240 --> 0:19:00.119 And you have four and five, you stay developing more 0:19:00.240 --> 0:19:03.320 vaccines faster for those uh kind of worse and virus 0:19:03.359 --> 0:19:05.560 classes that are out there, like let's go, let's start 0:19:05.600 --> 0:19:08.080 working on them now. And also a big one which 0:19:08.119 --> 0:19:10.919 we know has been a problem, ironing out distribution and logistics. 0:19:11.359 --> 0:19:14.200 It's the cover story of the US Bloomberg Business Week 0:19:14.280 --> 0:19:16.320 and we'll put that out on Twitter. But it's a 0:19:16.359 --> 0:19:18.080 great kind of five point list of things that we 0:19:18.200 --> 0:19:21.159 need to do. Um, Bob, thank you so much, really appreciated. 0:19:21.200 --> 0:19:23.720 Bob lane grath He his healthcare reporter at Bloomberg News. 0:19:23.760 --> 0:19:26.359 All of his reporting and COVID has been incredible. Our 0:19:26.440 --> 0:19:28.240 thanks to the Business Week. Get it or Jill Webber 0:19:28.320 --> 0:19:33.520 on the Access line in Brooklyn. This is Bloomberg Business 0:19:33.600 --> 0:19:37.400 Week with Carol Messer and Bloomberg Quick Takes Tim Stinovic 0:19:37.880 --> 0:19:41.960 on Bloomberg Radio. So it's the story that brooke late yesterday, 0:19:42.040 --> 0:19:44.280 the business story heard around the globe. Safe to say right, 0:19:44.520 --> 0:19:47.080 I don't know what you're talking about, Carol. Jeff Bezos, Haye, 0:19:47.080 --> 0:19:49.879 Tim stepping down a CEO. Yeah. Look, when you think 0:19:49.920 --> 0:19:52.200 of Amazon, you think of Jeff Bezos. Started in his 0:19:52.320 --> 0:19:54.600 garage in the nineties, took a public a couple of 0:19:54.640 --> 0:19:56.800 years after starting it. The guy has been running it 0:19:56.840 --> 0:19:59.280 since then. Yeah. And as our Bradstone rights, the move 0:19:59.359 --> 0:20:02.159 seemed like, uh, despite being a surprise, seemed like the 0:20:02.240 --> 0:20:04.240 natural next step and opens up really a new age 0:20:04.240 --> 0:20:06.600 for the world's largest online retailer. So let's get into 0:20:06.680 --> 0:20:10.359 it with our go to voice on Everything Amazon. He's Bradstone, 0:20:10.440 --> 0:20:13.840 Senior Executive editor of Global Technology, author of The Everything Store, 0:20:13.960 --> 0:20:17.320 Jeff Bezos and the Age of Amazon. And Brad's got 0:20:17.359 --> 0:20:19.560 a new book coming out to that's on Amazon called 0:20:19.600 --> 0:20:22.680