WEBVTT - Iran Submits Response to US Proposal; Hantavirus Ship Arrives in Tenerife

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News. Welcome to the Bloomberg

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<v Speaker 3>Breaking news that RUNI and state media reporting mediators have

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<v Speaker 3>submitted their response to the US proposal and the war

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<v Speaker 3>via Pakistan.

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<v Speaker 2>This comes ten weeks into the conflict and frankly into

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<v Speaker 2>our show, which launched the same weekend as those attacks.

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<v Speaker 2>The conflict has disrupted global energy supplies. We're still waiting,

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<v Speaker 2>as Lisa mentioned, on more details on what exactly is

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<v Speaker 2>in that Ron response. But joining us now is Bloomberg

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<v Speaker 2>News White House correspondent Jeff Mason, who is on White

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<v Speaker 2>House duty this weekend. Jeff, are we hearing anything from

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<v Speaker 2>the White House yet? Were we expecting this today or

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<v Speaker 2>we all just kind of waiting to see when this

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<v Speaker 2>popped into our inboxes and flashed across a terminal.

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<v Speaker 5>It's a wait and see situation, Christina, I have asked

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<v Speaker 5>the White House act for a reaction or a response,

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<v Speaker 5>and haven't heard back from them yet. I imagine that

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<v Speaker 5>the White House and the US administration broadly is still

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<v Speaker 5>digesting this response in terms of when we expected it.

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<v Speaker 6>The President had told reporters.

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<v Speaker 5>On Friday that he was expecting to have that response

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<v Speaker 5>that night, So they've been waiting all weekend for it

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<v Speaker 5>to come in, and now it's in. And now what

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<v Speaker 5>we'll want to be asking and seeing is whether or

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<v Speaker 5>not it's acceptable to President Trump what they've responded to,

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<v Speaker 5>and whether the conditions are enough that this ceasefire will

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<v Speaker 5>continue so that they can move on to talk about

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<v Speaker 5>the nuclear program at Iran that President Trump said was

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<v Speaker 5>the actual reason for getting into this war in the

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<v Speaker 5>first place.

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<v Speaker 3>Jeff, we talked about a ceasefire. It's a funny kind

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<v Speaker 3>of ceasefire because the attacks keep coming. We saw drone

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<v Speaker 3>attacks this morning on some tankers in the straight of

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<v Speaker 3>hor moves. Of course, we saw the US retaliate on

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<v Speaker 3>Iran after some attacks earlier in the week on other vessels. Here,

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<v Speaker 3>the President continues to be so adamant that we do

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<v Speaker 3>have a ceasefire in place. He talks about the prospects

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<v Speaker 3>of extending one. To go back to what I said,

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<v Speaker 3>it is a funny one in that there still seems

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<v Speaker 3>to be a lot of attacks taking place in the

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<v Speaker 3>region while this is in place.

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<v Speaker 5>Yeah, I couldn't say it beout her David. It's a

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<v Speaker 5>war and a messaging of contradiction. And that's really been

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<v Speaker 5>characteristic of how the President and the US has talked

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<v Speaker 5>about or engaged in this war from the very beginning,

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<v Speaker 5>from some confusion over what the actual aims were, to

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<v Speaker 5>the status of the ceasefire, to what is acceptable now

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<v Speaker 5>during a ceasefire. I think the President has wanted to

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<v Speaker 5>portray this ceasefire as not being threatened because he wants

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<v Speaker 5>it to continue, and he wants there to be a deal.

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<v Speaker 5>And I might add he wants there not to be

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<v Speaker 5>any major hostilities going into his trip next week or

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<v Speaker 5>this week now, I should say on Tuesday to China. China,

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<v Speaker 5>of course, will excuse me, I ran, of course, will

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<v Speaker 5>be one of the big topics on that summit between

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<v Speaker 5>President Trump and President she and it's not the backdrop

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<v Speaker 5>he wants to have continued fighting in there, even if

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<v Speaker 5>they haven't agreed on a full on piece deal yet.

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<v Speaker 2>And speaking of that, Jeff, there is also this sequencing

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<v Speaker 2>issue wherein if the US agrees to the ceasefire and

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<v Speaker 2>reopening up the Strait, the US will then lose a

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<v Speaker 2>lot of their leverage going into nuclear negotiations which are

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<v Speaker 2>supposed to take place maybe possibly after this is settled.

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<v Speaker 2>Has any of that been resolved and what are the

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<v Speaker 2>two big sticking points that still exist between these two

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<v Speaker 2>proposals in these two nations.

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<v Speaker 5>Well, nothing has been resolved that I can tell anyway.

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<v Speaker 5>I mean, they haven't announced any progress yet other than

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<v Speaker 5>the fact that they are talking, and that is something,

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<v Speaker 5>and talking through the Pakistani mediators of course.

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<v Speaker 6>But you're spot on.

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<v Speaker 5>Christina to mention that in terms of the straight of

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<v Speaker 5>hour moves, and that is another broader consequence of this war.

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<v Speaker 5>In general, Iran has ended up flexing its muscles and

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<v Speaker 5>its leverage with the Strait in a way that it

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<v Speaker 5>never had before this war.

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<v Speaker 6>And so that will.

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<v Speaker 5>Be a really interesting thing to see, is how the

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<v Speaker 5>two sides work that out going forward. I think the

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<v Speaker 5>US would like to see Iran not involved at all

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<v Speaker 5>in governing House ships get through the straight of hour moves. Iran, however,

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<v Speaker 5>has realized that that is a huge piece of leverage

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<v Speaker 5>that it has and seems unlikely to just throw that

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<v Speaker 5>away or give that up. But that is in terms

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<v Speaker 5>of sequencing. As you said, that's the first question. Getting

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<v Speaker 5>that fixed so that Iran can start getting more money

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<v Speaker 5>back into its economy and so that the global economy

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<v Speaker 5>is not hamstrung.

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<v Speaker 6>By the Strait being blocked.

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<v Speaker 2>I think a lot of regional allies and Gulf nations

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<v Speaker 2>have that same concern. All right, Jeff, thank you for

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<v Speaker 2>the scrabble. Always nice to see you this morning. Thanks

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<v Speaker 2>for breaking down that breaking news.

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<v Speaker 7>Thanks so much, Jeff. We're gonna bring another voice now.

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<v Speaker 3>Democratic Congressman from Maryland, Johny of Cheskey, known as Johnny

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<v Speaker 3>Owe to his friends and constituents in the second Congression

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<v Speaker 3>district there in Maryland, Baltimore City, Baltimore County, Carroll County

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<v Speaker 3>as well, I believe.

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<v Speaker 7>Congressman, thanks for being here.

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<v Speaker 3>You sit on the Foreign Affairs Committee, and I just want

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<v Speaker 3>to start with the news that we're kind of going

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<v Speaker 3>through this morning. The fact that we have reporting that

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<v Speaker 3>that response to the US proposal has been conveyed via

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<v Speaker 3>the pakistanis to the US. Your reaction to that, and

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<v Speaker 3>what do you need to see in that response to

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<v Speaker 3>feel better about the prospects of this conflict coming to

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<v Speaker 3>an end.

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<v Speaker 8>Some great reporting there, and like everyone else, I'm waiting

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<v Speaker 8>to see what the details are. But we have to

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<v Speaker 8>take a step back and remember that we're waiting for

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<v Speaker 8>agreement on a ceasefire that is only necessary because of

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<v Speaker 8>a problem that President Trump created in the first place.

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<v Speaker 8>You know, Iranians would not know that they had this

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<v Speaker 8>potentially powerful tool in closing the strait of our moves

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<v Speaker 8>but for our attack. And so this is, as you

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<v Speaker 8>were pointing out, just one step and a much larger

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<v Speaker 8>conversation about the very real concern about having a nuclear

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<v Speaker 8>armed Iran. But we're really in a place now where

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<v Speaker 8>the President, I think, is looking to save face as

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<v Speaker 8>a war that we know now there was not a

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<v Speaker 8>clear imminent threat.

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<v Speaker 6>But as has been true throughout this war.

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<v Speaker 8>As a member of the Foreign Affairs Committee, I've gotten

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<v Speaker 8>zero up to date real time information from this administration.

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<v Speaker 8>There have been no public hearings and so it's really

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<v Speaker 8>a little bit like poking in the dark to try

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<v Speaker 8>to figure out where we are and where this administration

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<v Speaker 8>hopes to land ultimately.

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<v Speaker 2>Are you concerned about the lack of what you just

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<v Speaker 2>talked about consultation with Congress as well as something people

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<v Speaker 2>keep talking about with US is the lack of technical

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<v Speaker 2>experts going into these negotiations. When they negotiated the original

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<v Speaker 2>Iran nuclear deal, which the Trump administration pulled out of

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<v Speaker 2>during the first term, that was months and months of

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<v Speaker 2>negotiations in Geneva with multilateral partners, with States Apartment officials,

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<v Speaker 2>junior officials, people from IAEA. The State's Apartment, as far

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<v Speaker 2>as we can tell, has been largely cut out of

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<v Speaker 2>these negotiations. It has really only three people, and the

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<v Speaker 2>President seems making these decisions. Are you confident that they

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<v Speaker 2>have the knowledge they need to go into these rooms

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<v Speaker 2>and come out with a deal that is advantageous to

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<v Speaker 2>the United States?

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<v Speaker 6>Fortunately, I'm not confident.

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<v Speaker 8>What I can tell you is what I do know

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<v Speaker 8>from sitting on the Foreign Affairs Committee is that even

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<v Speaker 8>if the State Department were at the table, that department

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<v Speaker 8>has been absolutely gutted. So a lot of the support

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<v Speaker 8>infrastructure that should be in place doesn't exist. And the

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<v Speaker 8>fact that this president also on top of that, likes

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<v Speaker 8>to go it alone so much is really problematic for

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<v Speaker 8>I think finding those kind of sustainable deals. What worries

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<v Speaker 8>me in all of this is that we're going to

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<v Speaker 8>end up with a deal that is equal to or

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<v Speaker 8>maybe even worse than that JOA, which was imperfect by

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<v Speaker 8>the way, there were opportunities for improvement. But President Trump

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<v Speaker 8>created this environment in the first place by ripping up

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<v Speaker 8>that original agreement, allowing Iran to really go at their

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<v Speaker 8>enrichment program with great following, ripping up that deal that,

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<v Speaker 8>as you mentioned, was very involved in, very detailed, and

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<v Speaker 8>so now we're back at a place where if we

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<v Speaker 8>can get through a ceasefire agreement and if we can

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<v Speaker 8>get back to the table, I'm hopeful that we can

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<v Speaker 8>get back to a place where there's not enrichment happening.

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<v Speaker 6>But we have a long way to go.

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<v Speaker 8>And in the meantime, there's been an incredible amount of

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<v Speaker 8>pain inflicted upon not just Americans in terms of service members' lives, lost,

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<v Speaker 8>hundreds of not at least tens of billions of dollars

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<v Speaker 8>spent painted the pump for Americans and frankly across the globe.

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<v Speaker 8>And so we're asking here, you know, to what end?

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<v Speaker 8>And I think at this point the president can't really

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<v Speaker 8>answer that question.

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<v Speaker 3>Let's talk a bit about what this has to bear

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<v Speaker 3>on US politics. I'm just going to note here Chris Wright,

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<v Speaker 3>the Energy Secretaries on Meet the Press with Christen Weilcrin

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<v Speaker 3>in NBC News. He said, the US isn't going to

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<v Speaker 3>take off any options off the table when it comes

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<v Speaker 3>to Iran. An interram run deal has got to be possible,

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<v Speaker 3>he said. And then you noted gasoline and diesel prices

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<v Speaker 3>are going to remain up while this war continues. I'm

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<v Speaker 3>curious how you see that pressure mounting as you talked

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<v Speaker 3>to constituents and make your way around the district. You

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<v Speaker 3>mentioned you haven't been briefed formally by this administration on

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<v Speaker 3>the Foreign Affairs Committee. We did see the Secretary of

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<v Speaker 3>Defense gope and speak to the Armed Services Committee. There

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<v Speaker 3>is some speculation that maybe we're reaching a greater appetite

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<v Speaker 3>for war powers resolution on Capitol Hill. What's going to

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<v Speaker 3>change the conversation or the political terrain?

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<v Speaker 7>Is it going to be.

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<v Speaker 3>Gas prices diesel prices continuing to rise a pace or

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<v Speaker 3>is it going to be that the longer this lasts

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<v Speaker 3>without any indication of sort of where the direction of

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<v Speaker 3>this war is headed from the administration is going to

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<v Speaker 3>finally lead you and your colleagues to do more, try

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<v Speaker 3>to do more, to get administration officials up to Capitol

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<v Speaker 3>Hill to give you some answers.

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<v Speaker 8>Appreciate those questions. I'll start with the war power for resolution.

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<v Speaker 8>I mean, this is now beyond the sixty days and

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<v Speaker 8>the flexibility that my colleagues on the Republican side have

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<v Speaker 8>said the president deserves. So it's not a suggestion, it's

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<v Speaker 8>the law. If the president wants to continue military operations,

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<v Speaker 8>he has to have authorization from Congress. At this point,

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<v Speaker 8>I think the law is clear, and so on that point,

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<v Speaker 8>I would.

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<v Speaker 2>Say energy really quickly. Do you think that would concern

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<v Speaker 2>this particular president. Do you think anything Congress passes, even

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<v Speaker 2>if it would pass the war powers of resolution, do

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<v Speaker 2>you think that would stop him?

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<v Speaker 8>Well, that's not a reason for Congress not to try

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<v Speaker 8>to stop him. But if the president blows past war

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<v Speaker 8>powers restrictions, then I think we have to sort of

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<v Speaker 8>up our game as members of Congress to hold this

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<v Speaker 8>president accountable. This is a president who has consistently shown

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<v Speaker 8>a disdain for any sort of check and unfortunately, my

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<v Speaker 8>Republican colleagues have largely deferred to the President on those issues.

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<v Speaker 8>And I hope that given the consequence and given the

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<v Speaker 8>impact to the other point, I think that the costs

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<v Speaker 8>at the pump, and it's not just that the pump.

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<v Speaker 8>We're seeing it on airline tickets. We're seeing it through

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<v Speaker 8>surcharges and places like Amazon, We're seeing it through what's

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<v Speaker 8>happening with food prices. This is having impact across the

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<v Speaker 8>lives of all Americans. And so I think what's happening

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<v Speaker 8>is in particular, Republican colleagues in Congress are seeing that

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<v Speaker 8>this is going to be a real drag on their

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<v Speaker 8>election prospects in November. And I think this is really

0:11:08.360 --> 0:11:13.080
<v Speaker 8>going to fuel a Democratic majority in the House of Representatives.

0:11:13.080 --> 0:11:14.560
<v Speaker 8>I think we're going to see a closing, if not

0:11:14.600 --> 0:11:16.880
<v Speaker 8>a democratic takeover of the Senate.

0:11:16.960 --> 0:11:20.520
<v Speaker 6>So I think these issues are real. People are really hurting.

0:11:20.520 --> 0:11:23.200
<v Speaker 8>As I talked to my constituents, and I think it's

0:11:23.240 --> 0:11:27.360
<v Speaker 8>really interesting to note that usually when it's whether one

0:11:27.360 --> 0:11:30.280
<v Speaker 8>of the secretaries or the President himself. These are millionaires

0:11:30.320 --> 0:11:33.760
<v Speaker 8>and billionaires who are members of this administration, taling Americans

0:11:33.760 --> 0:11:36.440
<v Speaker 8>it's going to be okay, it's only temporary. That's not

0:11:36.480 --> 0:11:39.080
<v Speaker 8>acceptable to people who are trying to put a roof

0:11:39.360 --> 0:11:40.760
<v Speaker 8>over their head and food on the table.

0:11:41.360 --> 0:11:43.040
<v Speaker 3>Let's move if we can to the summit that's going

0:11:43.080 --> 0:11:44.959
<v Speaker 3>to take place this week, invasion between the President and

0:11:44.960 --> 0:11:47.560
<v Speaker 3>President ution Ping. And we had your colleague, your Democratic colleague,

0:11:47.600 --> 0:11:50.280
<v Speaker 3>Rocana of California on the show yesterday and we asked

0:11:50.320 --> 0:11:53.320
<v Speaker 3>him what he's looking for as an outcome from that

0:11:53.360 --> 0:11:55.160
<v Speaker 3>meeting between those two world leaders. Let's take a listen

0:11:55.200 --> 0:11:56.839
<v Speaker 3>to what he had The same reply, Well.

0:11:56.840 --> 0:12:00.280
<v Speaker 9>He has a lot that he has to reverse, had

0:12:00.360 --> 0:12:03.760
<v Speaker 9>China hold us hostage on rares and critical minerals. I

0:12:03.840 --> 0:12:07.760
<v Speaker 9>want a deal that actually helps American farmers, American shipbuilders,

0:12:08.000 --> 0:12:09.880
<v Speaker 9>American manufacturers, and I.

0:12:09.840 --> 0:12:12.880
<v Speaker 6>Hope he will work to get that. He hasn't so far.

0:12:13.760 --> 0:12:15.920
<v Speaker 3>Connors's been kind of looking for an economic resolution to

0:12:15.920 --> 0:12:18.200
<v Speaker 3>come out of this meeting and engaging similar goals on

0:12:18.200 --> 0:12:19.559
<v Speaker 3>your part, what would you like to see these two

0:12:19.600 --> 0:12:21.080
<v Speaker 3>leaders announce at the end of those meetings.

0:12:22.160 --> 0:12:23.240
<v Speaker 6>I think that's part of it.

0:12:23.559 --> 0:12:25.040
<v Speaker 8>What I can tell you is this is a president

0:12:25.080 --> 0:12:27.600
<v Speaker 8>who's been very soft on China. The one place where

0:12:27.600 --> 0:12:30.080
<v Speaker 8>he's been hard is on tariffs, and that has negative

0:12:30.080 --> 0:12:31.079
<v Speaker 8>impacts for everyone.

0:12:31.440 --> 0:12:32.920
<v Speaker 6>No one wins in a trade war.

0:12:33.640 --> 0:12:35.440
<v Speaker 8>But what we do know is that this president's been

0:12:35.559 --> 0:12:39.280
<v Speaker 8>very soft in terms of advanced chips and the selling

0:12:39.280 --> 0:12:41.520
<v Speaker 8>of those, and that really is, I think putting our

0:12:41.679 --> 0:12:45.240
<v Speaker 8>national security at risk. You see a ton of pieces

0:12:45.240 --> 0:12:48.480
<v Speaker 8>of legislation around export controls and the Foreign Affairs Committee.

0:12:48.520 --> 0:12:50.960
<v Speaker 8>I think it speaks to this concern of the way

0:12:50.960 --> 0:12:54.720
<v Speaker 8>this administration is acting and in general on the issue.

0:12:54.760 --> 0:12:57.800
<v Speaker 8>So Yes, in addition to what Representative Kanna had said,

0:12:57.840 --> 0:12:59.959
<v Speaker 8>I actually want to see our president take a heart

0:13:00.200 --> 0:13:03.880
<v Speaker 8>stand on some of these expert control some of this

0:13:03.960 --> 0:13:07.440
<v Speaker 8>advanced chips and looking more in the American interest. I'm

0:13:07.440 --> 0:13:11.160
<v Speaker 8>also looking to making sure that this president, that President Trump,

0:13:11.240 --> 0:13:14.840
<v Speaker 8>takes a much more affirmative stance and support of our

0:13:15.360 --> 0:13:19.400
<v Speaker 8>friend and partner Taiwan. I know that I just introduced legislation,

0:13:19.800 --> 0:13:23.080
<v Speaker 8>bipartisan legislation I'm a co league with Representative Kim that

0:13:23.160 --> 0:13:25.520
<v Speaker 8>would have the United States do a survey of all

0:13:25.559 --> 0:13:28.400
<v Speaker 8>the potential responses if there were to ever be an

0:13:28.400 --> 0:13:31.880
<v Speaker 8>invasion of Taiwan by China, and so I'm hoping that

0:13:31.880 --> 0:13:34.719
<v Speaker 8>the President not only step up for American farmers and

0:13:34.760 --> 0:13:38.520
<v Speaker 8>American interests from a national security perspective, but also to

0:13:38.559 --> 0:13:42.960
<v Speaker 8>be a much more ardent supporter of Taiwan's interest in

0:13:43.000 --> 0:13:43.600
<v Speaker 8>these meetings.

0:13:44.160 --> 0:13:45.480
<v Speaker 7>Johnny oh Carson, John L.

0:13:45.520 --> 0:13:49.000
<v Speaker 3>Jesske joining us that I feel like we can. I

0:13:49.040 --> 0:13:50.839
<v Speaker 3>feel the level of familiarity here. Over the course of

0:13:50.880 --> 0:13:53.080
<v Speaker 3>this interview, people call you that I'm not making that up.

0:13:53.120 --> 0:13:53.560
<v Speaker 7>Is that right?

0:13:53.800 --> 0:13:54.640
<v Speaker 6>That's right, that's right.

0:13:55.160 --> 0:13:57.720
<v Speaker 3>I'm former school teacher. I've read the bios.

0:13:58.080 --> 0:13:59.800
<v Speaker 2>Thank you for being here and for putting up with

0:13:59.880 --> 0:14:01.960
<v Speaker 2>us this morning. I will have to have you back sometime.

0:14:04.200 --> 0:14:07.199
<v Speaker 3>Stay with us for more on Bloomberg this weekend. Right

0:14:07.240 --> 0:14:20.760
<v Speaker 3>after this, all right, we have.

0:14:20.800 --> 0:14:23.840
<v Speaker 2>More breaking news. This morning, the country's health minister, in

0:14:23.920 --> 0:14:27.760
<v Speaker 2>coordination with WHO and twenty two other countries, began evacuating Haunt,

0:14:27.800 --> 0:14:30.480
<v Speaker 2>a virus striking cruise ship in Spain's Canary Islands.

0:14:30.720 --> 0:14:35.760
<v Speaker 10>All the passengers remain asymptomatic. The boat has arrived at

0:14:35.800 --> 0:14:41.720
<v Speaker 10>six thirty am. The entire operation is proceeding normally, and

0:14:42.720 --> 0:14:47.000
<v Speaker 10>I said the first to Disembard will be the Spanish

0:14:47.040 --> 0:14:50.840
<v Speaker 10>citizens and then the flight to the Netherlands will depart.

0:14:51.640 --> 0:14:53.120
<v Speaker 7>Choris now is doctor Carlos til Rio.

0:14:53.200 --> 0:14:55.560
<v Speaker 3>He is a distinguished professor at Emory School of Medicine's

0:14:55.560 --> 0:14:56.880
<v Speaker 3>Division of Infectious Diseases.

0:14:56.880 --> 0:14:58.800
<v Speaker 7>Doctor del Rio, thank you very much for being here.

0:14:58.800 --> 0:15:00.680
<v Speaker 3>And let's pick up from what we just heard there

0:15:00.680 --> 0:15:03.520
<v Speaker 3>what we expect to happen here over these next few hours.

0:15:03.520 --> 0:15:07.760
<v Speaker 3>It sounds like many countries are marshaling aircraft to the

0:15:07.760 --> 0:15:10.720
<v Speaker 3>Canary Islands to bring their citizens back to their respective countries.

0:15:11.200 --> 0:15:13.280
<v Speaker 3>Perhaps can just take the US as an example here.

0:15:13.280 --> 0:15:14.840
<v Speaker 3>What's going to happen here over the next twenty four

0:15:14.880 --> 0:15:15.760
<v Speaker 3>to thirty six hours.

0:15:17.160 --> 0:15:20.800
<v Speaker 11>Well, thank you for having me. The first thing is that, unfortunately,

0:15:20.880 --> 0:15:22.560
<v Speaker 11>what we hear is that the passengers that are being

0:15:22.560 --> 0:15:25.240
<v Speaker 11>disembarked are old asymtomatic. In other words, they don't have

0:15:25.240 --> 0:15:28.880
<v Speaker 11>any symptoms of ntavirus, which means maybe they're not infected yet.

0:15:28.920 --> 0:15:31.040
<v Speaker 11>We don't know. They could still have been infected and

0:15:31.080 --> 0:15:33.000
<v Speaker 11>they're going to have developed symptoms later. So the first

0:15:33.000 --> 0:15:35.640
<v Speaker 11>thing that's going to happen is all passengers will undergo

0:15:35.680 --> 0:15:38.000
<v Speaker 11>a health screening. They're going to be you know, question,

0:15:38.080 --> 0:15:40.400
<v Speaker 11>they're going to have physical exams, they may draw some blood,

0:15:40.840 --> 0:15:43.400
<v Speaker 11>and then after they decide whether they're truly a symtomatic

0:15:43.520 --> 0:15:45.240
<v Speaker 11>or not, they'll put them on a plane and the

0:15:45.280 --> 0:15:48.760
<v Speaker 11>American citizens are going to come over to a serious

0:15:48.760 --> 0:15:51.560
<v Speaker 11>communical disease unit at the University of Nebraska, which is

0:15:51.600 --> 0:15:53.960
<v Speaker 11>fairly large, and they're going to be then a process

0:15:54.000 --> 0:15:56.800
<v Speaker 11>again over there, and if they happen to be sintomatic,

0:15:56.880 --> 0:16:01.520
<v Speaker 11>if there's anything that suggestions of infection, they'll be kept

0:16:01.520 --> 0:16:04.320
<v Speaker 11>in isolation. Otherwise that they still cline to be asyantobatic,

0:16:04.760 --> 0:16:08.160
<v Speaker 11>they'll be sent home and encouraged to quarantine and to

0:16:08.160 --> 0:16:10.520
<v Speaker 11>watch themselves for the next six to eight weeks.

0:16:11.000 --> 0:16:13.800
<v Speaker 2>Deta, I want to ask you how this spreads, because

0:16:14.320 --> 0:16:17.400
<v Speaker 2>I know that it is usually something that you get

0:16:17.440 --> 0:16:20.920
<v Speaker 2>by coming into contact with animal droppings that have this virus.

0:16:20.960 --> 0:16:22.800
<v Speaker 2>It is not usually spread from person to person, or

0:16:22.800 --> 0:16:25.600
<v Speaker 2>there can be prevailing wisdom is that if you get

0:16:25.600 --> 0:16:27.080
<v Speaker 2>it from person person, you have to be in very

0:16:27.120 --> 0:16:29.240
<v Speaker 2>close contact. That some of the reports we're seeing from

0:16:29.240 --> 0:16:31.840
<v Speaker 2>the ship is that not all of these individuals who

0:16:31.960 --> 0:16:35.440
<v Speaker 2>have tested positive for this virus were in close enough

0:16:35.480 --> 0:16:38.440
<v Speaker 2>contact that virologists would usually assume they were susceptible to

0:16:38.480 --> 0:16:40.560
<v Speaker 2>contracting the virus. I know this is a different strain

0:16:40.840 --> 0:16:42.360
<v Speaker 2>than we have here in the US, and that is

0:16:42.400 --> 0:16:45.280
<v Speaker 2>more possible. But is that concerning that this seems to

0:16:45.280 --> 0:16:48.520
<v Speaker 2>be a method of transmission that this virus doesn't usually take.

0:16:49.520 --> 0:16:52.840
<v Speaker 11>No, it actually does this, and hintavirus is the only

0:16:52.880 --> 0:16:55.240
<v Speaker 11>one that's spressed person to person. And there was an

0:16:55.240 --> 0:16:58.400
<v Speaker 11>outbreak in Argentina in twenty eighteen twenty nineteen where some

0:16:58.440 --> 0:17:01.120
<v Speaker 11>of the things that you're mentioning actually had some person

0:17:01.240 --> 0:17:03.080
<v Speaker 11>just got infected because they were in the same room

0:17:03.120 --> 0:17:05.040
<v Speaker 11>with another person that was infected, or they were in

0:17:05.080 --> 0:17:07.720
<v Speaker 11>the same bathroom. It is very clear that if you

0:17:07.800 --> 0:17:10.879
<v Speaker 11>have very close intimate contact, for example, in this case

0:17:11.480 --> 0:17:13.720
<v Speaker 11>the index case, then his wife got infected. They were

0:17:13.720 --> 0:17:15.880
<v Speaker 11>in the same cabin, they could have been you know,

0:17:16.240 --> 0:17:19.240
<v Speaker 11>intimate sexually. There's a lot of reasons why the wife

0:17:19.280 --> 0:17:23.280
<v Speaker 11>got infected so quickly and then developed symptoms, But that

0:17:23.320 --> 0:17:25.280
<v Speaker 11>doesn't mean, you know, it's an all or non phenomena.

0:17:25.359 --> 0:17:27.800
<v Speaker 6>And clearly there's a lot.

0:17:27.680 --> 0:17:30.199
<v Speaker 11>Of things about the transmission we don't fully understand. And

0:17:30.280 --> 0:17:32.159
<v Speaker 11>I think this this outbreak is going to help us

0:17:32.160 --> 0:17:34.960
<v Speaker 11>try to understand that it is very clear that the

0:17:35.040 --> 0:17:37.640
<v Speaker 11>closer you are, the more intimate contact, the more likely

0:17:37.680 --> 0:17:40.360
<v Speaker 11>you are to get infected. But that doesn't mean that

0:17:40.560 --> 0:17:42.879
<v Speaker 11>we have not seen sort of what appears to be

0:17:42.920 --> 0:17:45.240
<v Speaker 11>fairly casual mechanisms of infection.

0:17:46.040 --> 0:17:49.640
<v Speaker 3>I'm curious about the global public health apparatus that's being

0:17:49.680 --> 0:17:52.120
<v Speaker 3>marshaled to bear here in tenter Reef. So the United

0:17:52.119 --> 0:17:54.159
<v Speaker 3>States has pulled out of the World Health Organization. That's

0:17:54.200 --> 0:17:56.919
<v Speaker 3>something that's changed since the COVID nineteen pandemic, and I

0:17:56.960 --> 0:18:00.000
<v Speaker 3>wonder what the consequences are to that as you see them,

0:18:00.160 --> 0:18:03.639
<v Speaker 3>as we watch this this effort unfold, and what we

0:18:03.680 --> 0:18:05.680
<v Speaker 3>can learn from this experience. Yes, this may not lead

0:18:05.680 --> 0:18:07.719
<v Speaker 3>to the kind of global pandemic that we saw with

0:18:07.720 --> 0:18:10.159
<v Speaker 3>with COVID nineteen, but what can we learn from the

0:18:10.200 --> 0:18:12.880
<v Speaker 3>way that governments respond to this crisis that's breaking out

0:18:12.880 --> 0:18:13.359
<v Speaker 3>on this ship.

0:18:14.359 --> 0:18:16.040
<v Speaker 11>Well, you know, first of all, I want to say

0:18:16.040 --> 0:18:19.320
<v Speaker 11>that the World Herald Organization has really done a remarkable job,

0:18:19.640 --> 0:18:22.359
<v Speaker 11>starting with their Director General, doctor Tedrose, and then the

0:18:22.359 --> 0:18:25.960
<v Speaker 11>rest of the WHO team, Maria van Kerhoven and her team,

0:18:26.280 --> 0:18:28.760
<v Speaker 11>They've done a tremendous job. You know, doctor Tedros is

0:18:28.800 --> 0:18:33.000
<v Speaker 11>there inside in Tenerief, helping and providing leadership and talking

0:18:33.040 --> 0:18:35.320
<v Speaker 11>to the Spanish government and ensuring that the boat was

0:18:35.359 --> 0:18:37.240
<v Speaker 11>able to dock over there and the passengers can be

0:18:37.520 --> 0:18:42.080
<v Speaker 11>safely and securely disembarked. I think we have seen a

0:18:42.400 --> 0:18:45.840
<v Speaker 11>much diminished CDC. If you think about a prior outbreak,

0:18:45.920 --> 0:18:49.560
<v Speaker 11>let's think the outbreak of Ebola. CDC very quickly was involved,

0:18:49.640 --> 0:18:52.919
<v Speaker 11>very CDC very quickly sent a team over there. CDC

0:18:53.080 --> 0:18:56.440
<v Speaker 11>was providing something very important, which is technical assistance. We're

0:18:56.480 --> 0:18:58.760
<v Speaker 11>not seeing a lot of technical assistance happening for CDC

0:18:59.040 --> 0:19:01.520
<v Speaker 11>right now. In fact, it almost seems like the CDC

0:19:01.640 --> 0:19:06.080
<v Speaker 11>response occurred after many, many days. It was almost too late,

0:19:06.160 --> 0:19:09.479
<v Speaker 11>too little, too late. And that's unfortunate because you know,

0:19:09.520 --> 0:19:12.160
<v Speaker 11>we need a strong CDC. As American citizens, we want

0:19:12.280 --> 0:19:14.600
<v Speaker 11>a strong CDC. We want a CDC that as a

0:19:14.680 --> 0:19:18.600
<v Speaker 11>leader in global health, not only naturally but globally. And

0:19:18.960 --> 0:19:21.280
<v Speaker 11>to see such a diminish CDC to me, as an

0:19:21.280 --> 0:19:24.800
<v Speaker 11>infectiousy physician and as a public health expert, is actually

0:19:24.880 --> 0:19:26.000
<v Speaker 11>quite painful.

0:19:25.920 --> 0:19:28.639
<v Speaker 2>And that seems to compound the concern. People really are

0:19:28.680 --> 0:19:30.479
<v Speaker 2>stressed about this. We were talking yesterday about how we've

0:19:30.520 --> 0:19:33.400
<v Speaker 2>literally heard people on the street in Manhattan talking about it,

0:19:34.280 --> 0:19:38.200
<v Speaker 2>and then the WHO director, doctor Tedros, was talking about

0:19:38.240 --> 0:19:41.040
<v Speaker 2>the concern of a wider spread of this virus. I

0:19:41.040 --> 0:19:42.080
<v Speaker 2>want you to listen to what he said.

0:19:42.720 --> 0:19:49.760
<v Speaker 12>The concern is legitimate because we have all experience because

0:19:49.760 --> 0:19:55.720
<v Speaker 12>of COVID, especially in twenty twenty, and that trauma is

0:19:55.760 --> 0:19:59.720
<v Speaker 12>still in our minds. So people will have questions, people

0:19:59.720 --> 0:20:02.800
<v Speaker 12>who have concerns, and that's what I try to address

0:20:02.840 --> 0:20:05.800
<v Speaker 12>in my message to the people of Tenerife. We hear you,

0:20:05.880 --> 0:20:11.720
<v Speaker 12>we understand, but the situation is much better now.

0:20:12.200 --> 0:20:14.119
<v Speaker 2>How worried should people be that this is not an

0:20:14.200 --> 0:20:15.160
<v Speaker 2>isolated outbreak?

0:20:16.760 --> 0:20:18.480
<v Speaker 11>I think about this one.

0:20:18.520 --> 0:20:19.520
<v Speaker 6>I would not be worried.

0:20:19.640 --> 0:20:21.560
<v Speaker 11>I agree with doctor Tenders. I think there's still a

0:20:21.640 --> 0:20:23.960
<v Speaker 11>lot of trauma left from COVID, But I would say,

0:20:23.960 --> 0:20:24.679
<v Speaker 11>don't be worried.

0:20:25.080 --> 0:20:25.840
<v Speaker 6>But this is not.

0:20:25.880 --> 0:20:26.960
<v Speaker 11>The first outbreak.

0:20:26.960 --> 0:20:28.080
<v Speaker 6>This is not the last outbreak.

0:20:28.119 --> 0:20:30.280
<v Speaker 11>What I were worried about is that we will continue

0:20:30.320 --> 0:20:32.280
<v Speaker 11>to see these kind of outbreaks. Were continue to have

0:20:32.359 --> 0:20:35.000
<v Speaker 11>outbreaks like this one. Believe me, a hand of ours

0:20:35.040 --> 0:20:36.840
<v Speaker 11>in a cruise ship was not in my bigger card

0:20:36.880 --> 0:20:38.680
<v Speaker 11>of things that was going to happen in a cruise ship,

0:20:38.880 --> 0:20:40.560
<v Speaker 11>and yet it happened. So we're going to see more

0:20:40.600 --> 0:20:43.440
<v Speaker 11>things like this one. And what people in the US

0:20:43.480 --> 0:20:46.359
<v Speaker 11>need to be worried about is our public health infrastructure.

0:20:46.400 --> 0:20:48.800
<v Speaker 11>They need to be worried about. We can CDC. The

0:20:48.840 --> 0:20:52.199
<v Speaker 11>CDC has been significantly diminished in relevance and a lot

0:20:52.240 --> 0:20:54.720
<v Speaker 11>of people have left, all lot of expertise have left CDC.

0:20:55.280 --> 0:20:56.879
<v Speaker 11>So I would say that what.

0:20:56.760 --> 0:20:58.639
<v Speaker 6>We need to ask for and what we need to

0:20:58.640 --> 0:20:59.240
<v Speaker 6>be worried.

0:20:59.040 --> 0:21:01.720
<v Speaker 11>About is the state or public health and global health

0:21:01.760 --> 0:21:04.840
<v Speaker 11>expertise in our country rather than this specific outburg.

0:21:05.160 --> 0:21:07.560
<v Speaker 3>Carlos Silrio, Professor, Demberg University, thank you very much for

0:21:07.600 --> 0:21:09.920
<v Speaker 3>the time on this Sunday mornings who watched those images

0:21:10.520 --> 0:21:13.359
<v Speaker 3>from tenor Reef, those passengers getting off of that cruise

0:21:13.440 --> 0:21:15.720
<v Speaker 3>vessel getting onto a series of plans. Christina and I

0:21:15.720 --> 0:21:17.600
<v Speaker 3>think what we heard there about what happens next is

0:21:17.640 --> 0:21:20.520
<v Speaker 3>just fascinating. That US pastors will be brought to Nebraska.

0:21:20.520 --> 0:21:22.959
<v Speaker 3>We talked a bit about that yesterday. The sophisticated facility

0:21:22.960 --> 0:21:24.800
<v Speaker 3>there at the University of Nebraska has and they'll be

0:21:24.800 --> 0:21:27.440
<v Speaker 3>a quarantine that I think will last many days, if

0:21:27.480 --> 0:21:29.919
<v Speaker 3>not several weeks. It has been used for abola and

0:21:29.920 --> 0:21:30.760
<v Speaker 3>for COVID nineteen.

0:21:31.200 --> 0:21:36.120
<v Speaker 2>After that, stay with us for more on Bloomberg this Weekend.

0:21:36.320 --> 0:21:51.200
<v Speaker 4>Right after this, welcome back to Bloomberg this weekend. I'm

0:21:51.280 --> 0:21:53.720
<v Speaker 4>Lisa Matteo. Now as we take a moment today to

0:21:53.760 --> 0:21:56.720
<v Speaker 4>reflect on the moms in our lives, we're also aware

0:21:56.760 --> 0:22:00.960
<v Speaker 4>of the emotional but also the financial that parents are

0:22:01.000 --> 0:22:03.119
<v Speaker 4>putting into their children. It is a topic of the

0:22:03.119 --> 0:22:06.639
<v Speaker 4>Bloomberg Weekend essay as well as the book over Invested,

0:22:06.720 --> 0:22:10.600
<v Speaker 4>The Emotional Economy of Modern Parenting. Joining us now is

0:22:10.680 --> 0:22:13.920
<v Speaker 4>Nina Bundel. She is professor of sociology at U SEE Irvine.

0:22:14.200 --> 0:22:17.520
<v Speaker 4>She is the author and joins me now. Nina, thank

0:22:17.560 --> 0:22:21.320
<v Speaker 4>you and pleasure speaking with you today. This article itself,

0:22:21.359 --> 0:22:24.240
<v Speaker 4>let's start there first, it's about how parenting is changing

0:22:24.320 --> 0:22:27.120
<v Speaker 4>in the twenty first century. There's a lot of things

0:22:27.119 --> 0:22:29.760
<v Speaker 4>that parents are going through, right, the money, the time,

0:22:29.920 --> 0:22:33.600
<v Speaker 4>the investment into our children. The big question is always

0:22:33.640 --> 0:22:36.919
<v Speaker 4>on our minds. Are we doing enough? My question to

0:22:37.080 --> 0:22:40.240
<v Speaker 4>you is is enough? Exactly?

0:22:40.320 --> 0:22:40.399
<v Speaker 2>Like?

0:22:40.520 --> 0:22:43.320
<v Speaker 4>What is that enough? What is are we looking for?

0:22:43.440 --> 0:22:45.000
<v Speaker 4>What is enough? Exactly?

0:22:46.800 --> 0:22:50.440
<v Speaker 13>Well, thank you so much Lisa for asking this question,

0:22:50.960 --> 0:22:55.680
<v Speaker 13>because lots of parents are so concerned and so exhausted

0:22:55.720 --> 0:23:00.919
<v Speaker 13>this these days, because we invest emotionally in financially and

0:23:00.960 --> 0:23:04.280
<v Speaker 13>we want to do the best for our children, and

0:23:04.359 --> 0:23:09.640
<v Speaker 13>I think partly continuously asking this question is very burdensome.

0:23:10.119 --> 0:23:14.040
<v Speaker 13>It creates this slow grade dread in our gut that

0:23:14.160 --> 0:23:16.399
<v Speaker 13>we think we need to listen to all the time,

0:23:16.680 --> 0:23:19.280
<v Speaker 13>and it's hard to quiet it. So I would say

0:23:19.320 --> 0:23:24.560
<v Speaker 13>it's important to know that social forces influence how we

0:23:24.640 --> 0:23:28.000
<v Speaker 13>behave as parents, how we even feel as parents, and

0:23:28.200 --> 0:23:31.720
<v Speaker 13>these days, this exhaustion listening to all of the advice

0:23:32.119 --> 0:23:34.800
<v Speaker 13>is making us really tired and drained.

0:23:35.520 --> 0:23:37.640
<v Speaker 4>I feel you in it. I have to admit personally

0:23:37.680 --> 0:23:40.600
<v Speaker 4>I've invested a lot, but both of my kids are athletes,

0:23:40.680 --> 0:23:44.560
<v Speaker 4>and so the private lessons, the hotel stays, the car

0:23:44.600 --> 0:23:47.640
<v Speaker 4>rental is the best top equipment. I mean, you name it,

0:23:47.880 --> 0:23:49.879
<v Speaker 4>we've invested in it. But I want to bring you

0:23:49.920 --> 0:23:52.800
<v Speaker 4>something something that you say. You say kids are viewed

0:23:52.800 --> 0:23:56.040
<v Speaker 4>through the lens of human capital, So what exactly do

0:23:56.080 --> 0:23:56.720
<v Speaker 4>you mean by that?

0:23:58.280 --> 0:24:01.879
<v Speaker 13>So this investment that you just pointed to Lisa, in

0:24:02.080 --> 0:24:07.080
<v Speaker 13>extracurricular activities in sports and skills that kids can develop

0:24:07.240 --> 0:24:11.119
<v Speaker 13>in addition to going to school. Those are the capabilities

0:24:11.160 --> 0:24:16.880
<v Speaker 13>and skills overall that we call human capital, and economists

0:24:16.960 --> 0:24:21.600
<v Speaker 13>have proposed that if we invest in human capital of children,

0:24:22.080 --> 0:24:28.440
<v Speaker 13>then children could reap returns on this investment in their adulthood.

0:24:28.800 --> 0:24:31.640
<v Speaker 13>So not only do we do this when kids get

0:24:32.160 --> 0:24:37.000
<v Speaker 13>to school or even higher education to get their occupations,

0:24:37.280 --> 0:24:41.040
<v Speaker 13>but parents should be concerned about this earlier and earlier,

0:24:41.400 --> 0:24:44.720
<v Speaker 13>potentially even in the womb. Right, make the womb the

0:24:44.760 --> 0:24:47.920
<v Speaker 13>first classroom by worrying a lot about what we do

0:24:48.000 --> 0:24:49.760
<v Speaker 13>when we're even pregnant as moms.

0:24:50.359 --> 0:24:54.000
<v Speaker 4>Well, let's talk about this parental shift in reasoning and thought.

0:24:54.400 --> 0:24:56.120
<v Speaker 4>There's a quote you have in the article. I want

0:24:56.119 --> 0:24:58.639
<v Speaker 4>to get to it. It says, a century ago, children labored

0:24:58.680 --> 0:25:03.200
<v Speaker 4>for families. Today parents labor for their children, not just financially,

0:25:03.320 --> 0:25:07.719
<v Speaker 4>We toil at parenting. So what driving this shift?

0:25:09.720 --> 0:25:13.480
<v Speaker 13>That's an excellent question, a million dollar question, if I may,

0:25:13.920 --> 0:25:17.320
<v Speaker 13>And it took me ten years to write this book

0:25:17.320 --> 0:25:20.920
<v Speaker 13>and research this phenomenon over the course of decades, but

0:25:21.160 --> 0:25:24.040
<v Speaker 13>to be very brief, we you know, at the turn

0:25:24.080 --> 0:25:27.800
<v Speaker 13>of the twentieth century saw transformation when children were useful

0:25:28.080 --> 0:25:32.240
<v Speaker 13>in the home, they were working, contributing to the family

0:25:32.280 --> 0:25:37.560
<v Speaker 13>economically and even in the factories on the farm. Of course,

0:25:37.760 --> 0:25:42.160
<v Speaker 13>a childhood chores in the home, and then they became

0:25:42.200 --> 0:25:48.119
<v Speaker 13>emotionally priceless, mostly seen as vulnerable, and we would start

0:25:48.119 --> 0:25:51.720
<v Speaker 13>investing into their education. And this new period is when

0:25:51.800 --> 0:25:56.400
<v Speaker 13>we as parents think of children as investment projects. We

0:25:56.560 --> 0:26:00.439
<v Speaker 13>in a way bring the logic from the workplace into

0:26:00.480 --> 0:26:03.320
<v Speaker 13>the home. We think about all of the things that

0:26:03.359 --> 0:26:06.400
<v Speaker 13>we need to do toil at parenting, as I say

0:26:06.400 --> 0:26:11.040
<v Speaker 13>in the book, overinvested, and try to think about what

0:26:11.840 --> 0:26:15.840
<v Speaker 13>is needed from us so that children could be set

0:26:15.920 --> 0:26:18.120
<v Speaker 13>up as well as possible for success.

0:26:18.160 --> 0:26:20.439
<v Speaker 4>And it seems like moms are taking a lot of

0:26:20.160 --> 0:26:23.320
<v Speaker 4>the brunt of this to you, what are the consequences

0:26:23.320 --> 0:26:28.760
<v Speaker 4>to what you call actually child rearing on steroids? Right?

0:26:28.960 --> 0:26:31.600
<v Speaker 13>Trying to be a little bit provocative here to note

0:26:31.680 --> 0:26:35.359
<v Speaker 13>that this is not just run of the mill child rearing.

0:26:35.440 --> 0:26:39.399
<v Speaker 13>This is not natural, does not have to be the case.

0:26:39.720 --> 0:26:44.719
<v Speaker 13>We've seen differences across time and in different countries. And

0:26:44.840 --> 0:26:48.439
<v Speaker 13>so because it's exhausting us so much, it's time to

0:26:48.560 --> 0:26:52.520
<v Speaker 13>ask the question, what do we really owe our children?

0:26:53.040 --> 0:26:58.240
<v Speaker 13>Is it this exhausting, draining financially and emotionally parenting or

0:26:58.840 --> 0:27:01.000
<v Speaker 13>is it time to think of about how much this

0:27:01.119 --> 0:27:05.119
<v Speaker 13>impacts us as parents to the point of parental burnout

0:27:05.200 --> 0:27:08.840
<v Speaker 13>that US Surgeon General noted in an advisory in twenty

0:27:08.920 --> 0:27:12.639
<v Speaker 13>twenty four, calling it a public health crisis, but also

0:27:12.680 --> 0:27:16.440
<v Speaker 13>the consequences for our children. Are they doing all right

0:27:16.640 --> 0:27:18.800
<v Speaker 13>with all that over involved parenting?

0:27:18.920 --> 0:27:22.159
<v Speaker 4>Well, Nina, you're a mother yourself. How do you find

0:27:22.400 --> 0:27:24.679
<v Speaker 4>that right balance? What's the answer?

0:27:27.720 --> 0:27:27.960
<v Speaker 2>Very?

0:27:28.080 --> 0:27:30.560
<v Speaker 13>Very hard. I will be the first one to admit

0:27:30.960 --> 0:27:34.439
<v Speaker 13>that it's so hard to change. It feels impossible to

0:27:34.560 --> 0:27:38.160
<v Speaker 13>do differently. And I live in the same reality as

0:27:38.200 --> 0:27:42.160
<v Speaker 13>everyone else. But it is social pressures and social norms

0:27:42.440 --> 0:27:45.240
<v Speaker 13>and the structures that we have in our society that

0:27:45.320 --> 0:27:51.879
<v Speaker 13>are not very supportive of families that influence how we

0:27:52.320 --> 0:27:56.639
<v Speaker 13>are in this modern parenting reality, very troubled parenting reality.

0:27:57.200 --> 0:28:01.399
<v Speaker 13>So I say to myself from time to time, Nina,

0:28:01.960 --> 0:28:07.240
<v Speaker 13>your child is not an investment project. Parenting is not

0:28:07.400 --> 0:28:11.439
<v Speaker 13>supposed to be grueling labor. It's not supposed to be

0:28:11.520 --> 0:28:15.320
<v Speaker 13>so stressful. What can we do differently today? How can

0:28:15.359 --> 0:28:19.880
<v Speaker 13>I seek other moms to think about this together? Because

0:28:20.119 --> 0:28:23.560
<v Speaker 13>only as a society we can make true change.

0:28:23.840 --> 0:28:26.640
<v Speaker 4>Oh, Nita, you make it sound so easy. Thank you

0:28:26.720 --> 0:28:29.080
<v Speaker 4>so much, really appreciate the time. The name of the

0:28:29.119 --> 0:28:34.080
<v Speaker 4>book again is over Invested the emotional Economy of modern parenting.

0:28:35.680 --> 0:28:39.320
<v Speaker 4>Stay with us for more on Bloomberg this weekend. Right

0:28:39.360 --> 0:28:40.000
<v Speaker 4>after this.

0:28:51.320 --> 0:28:54.200
<v Speaker 7>Both time for this weekend's pointed news quiz. I'm excited

0:28:54.280 --> 0:28:56.000
<v Speaker 7>as always to see how I fare.

0:28:56.240 --> 0:28:57.680
<v Speaker 3>I know you're excited as well. Let's go to Lisa

0:28:57.680 --> 0:28:58.840
<v Speaker 3>my Table's the categories.

0:28:59.040 --> 0:29:00.360
<v Speaker 2>What torture do you have for today?

0:29:00.400 --> 0:29:02.240
<v Speaker 4>Okay, So for those of you playing at home, maybe

0:29:02.240 --> 0:29:03.920
<v Speaker 4>you're not familiar with the game. Okay, so we have

0:29:04.000 --> 0:29:06.880
<v Speaker 4>three different categories. They each have ten chips and groups

0:29:06.920 --> 0:29:09.040
<v Speaker 4>of three, so thirty ships total in front of them.

0:29:09.520 --> 0:29:12.120
<v Speaker 4>They will base their bets on each category. So if

0:29:12.120 --> 0:29:14.240
<v Speaker 4>they feel comfortable about the first one, you can maybe

0:29:14.240 --> 0:29:16.480
<v Speaker 4>put ten, maybe you want to put twenty, depending on

0:29:16.520 --> 0:29:18.360
<v Speaker 4>which you have your whiteboards and you write your answers.

0:29:18.360 --> 0:29:19.720
<v Speaker 4>There are you ready for your Yeah.

0:29:19.760 --> 0:29:25.800
<v Speaker 3>In the past, I've not put ten on each and it's.

0:29:24.000 --> 0:29:25.040
<v Speaker 2>So I'm just gonna split.

0:29:26.400 --> 0:29:30.880
<v Speaker 7>A strategy. I've watched her success week after week.

0:29:31.480 --> 0:29:33.320
<v Speaker 4>I think he's onto. I think he's onto Christina.

0:29:33.360 --> 0:29:33.640
<v Speaker 7>Okay.

0:29:36.600 --> 0:29:41.160
<v Speaker 4>The first one is Ted Turner, second is pharmaceuticals, and

0:29:41.200 --> 0:29:45.800
<v Speaker 4>the third is finance. Great categories, all good categories. You

0:29:45.920 --> 0:29:51.080
<v Speaker 4>ready for Ted Turner. For those of you playing at home,

0:29:51.080 --> 0:29:52.800
<v Speaker 4>why not? There's no multiple choice for you if you're

0:29:52.800 --> 0:29:55.600
<v Speaker 4>playing right now. Ted Turner's idea to broadcast the local

0:29:55.680 --> 0:29:58.680
<v Speaker 4>station to a broader range of cable systems started a

0:29:58.720 --> 0:30:03.440
<v Speaker 4>new TV concept called what what is this TV concept?

0:30:06.440 --> 0:30:10.160
<v Speaker 7>New TV? Okay, all right, think about it.

0:30:10.240 --> 0:30:10.960
<v Speaker 2>What it's called?

0:30:11.400 --> 0:30:12.280
<v Speaker 11>This group?

0:30:12.760 --> 0:30:21.440
<v Speaker 4>Okay reads superstation TVs, superstation super as well.

0:30:23.840 --> 0:30:25.360
<v Speaker 3>I always wondered what that meant when I was a

0:30:25.440 --> 0:30:26.160
<v Speaker 3>kid watching TV.

0:30:26.840 --> 0:30:27.480
<v Speaker 13>That's what that means.

0:30:27.600 --> 0:30:29.360
<v Speaker 4>Superstations, super station.

0:30:29.760 --> 0:30:33.760
<v Speaker 2>Alright, you're going to ask the ex wife, was I

0:30:33.800 --> 0:30:34.640
<v Speaker 2>was ready for that one?

0:30:35.960 --> 0:30:36.880
<v Speaker 4>That's definitely not on.

0:30:39.800 --> 0:30:42.120
<v Speaker 7>Very nice yeah, remarks upon the passing, you.

0:30:42.120 --> 0:30:46.400
<v Speaker 2>Called him her favorite ex husband puts it on this aspire.

0:30:47.000 --> 0:30:48.960
<v Speaker 7>There you go, such a memory.

0:30:49.160 --> 0:30:56.520
<v Speaker 4>Pharmaceutic All right, there we go. Okay, Eli, Lilly's mon duro. Okay,

0:30:56.600 --> 0:31:00.600
<v Speaker 4>it's surpast which mark cancer therapy as the world highest

0:31:00.640 --> 0:31:05.000
<v Speaker 4>grossing prescription medication. What is the name of that cancer

0:31:05.200 --> 0:31:08.520
<v Speaker 4>therapy medication? Prescription medication from.

0:31:08.440 --> 0:31:13.680
<v Speaker 7>Merk pills kids. There, it's like a spelling Bee.

0:31:14.120 --> 0:31:15.200
<v Speaker 2>This is not going well.

0:31:15.960 --> 0:31:19.320
<v Speaker 4>But interesting though, right Monduro surpassed marks cancer therapy.

0:31:19.320 --> 0:31:20.080
<v Speaker 2>It's kind of crazy.

0:31:20.320 --> 0:31:23.360
<v Speaker 4>I know it's an interesting topic. What is the name

0:31:23.400 --> 0:31:26.640
<v Speaker 4>of that cancer therapy description? Do you have no idea?

0:31:27.520 --> 0:31:34.440
<v Speaker 7>You advertising?

0:31:34.920 --> 0:31:37.000
<v Speaker 4>If if you're playing it online, they do give you

0:31:37.040 --> 0:31:38.960
<v Speaker 4>multiple choices, you'll have a better chance.

0:31:41.560 --> 0:31:45.760
<v Speaker 2>Going to.

0:31:46.080 --> 0:31:48.640
<v Speaker 7>Finance is going to be the secret to our shared success.

0:31:48.840 --> 0:31:50.320
<v Speaker 4>Oh you got this one? I know you don't have

0:31:50.360 --> 0:31:50.600
<v Speaker 4>this one.

0:31:50.640 --> 0:31:52.560
<v Speaker 7>I appreciate that you're going.

0:31:52.480 --> 0:31:55.719
<v Speaker 4>To go all in. Okay, which billionaire ceo rallied against

0:31:55.840 --> 0:31:58.440
<v Speaker 4>New York City Mayor Mondami for signaling him out in

0:31:58.520 --> 0:32:01.480
<v Speaker 4>a plan to tax Second, you just talked we did.

0:32:01.560 --> 0:32:04.000
<v Speaker 3>Yeah, talked about two of them though, So which one

0:32:04.040 --> 0:32:05.760
<v Speaker 3>was it?

0:32:08.480 --> 0:32:10.880
<v Speaker 2>I can't My brain is fried and I don't care

0:32:12.200 --> 0:32:15.240
<v Speaker 2>a smile. All right, that's all I got. That's all

0:32:15.280 --> 0:32:15.520
<v Speaker 2>I got.

0:32:15.640 --> 0:32:22.280
<v Speaker 7>What'd you right, Ken Griff? I told you sweet as.

0:32:22.760 --> 0:32:24.280
<v Speaker 4>The mayor called him out two hundred and thirty eight

0:32:24.320 --> 0:32:25.440
<v Speaker 4>million dollars Central Park.

0:32:25.760 --> 0:32:28.480
<v Speaker 3>So yes, Donna filed this video in which she showed

0:32:28.480 --> 0:32:30.720
<v Speaker 3>that behind him and Ken Griffin didn't appreciate that. I

0:32:30.720 --> 0:32:32.400
<v Speaker 3>should Saykim Griffin, I believe it doesn't live in that

0:32:32.480 --> 0:32:33.520
<v Speaker 3>apartment very much.

0:32:33.720 --> 0:32:35.320
<v Speaker 2>So he does.

0:32:37.240 --> 0:32:40.240
<v Speaker 7>A plus million dollars. We're just gonna take these che No,

0:32:40.360 --> 0:32:44.200
<v Speaker 7>you got a bonus. No, she lost, she's.

0:32:43.440 --> 0:32:46.280
<v Speaker 4>Taking yet nothing, she's lost anything.

0:32:46.680 --> 0:32:49.560
<v Speaker 3>Happening it for fun, doing it for fun, and I'm

0:32:49.600 --> 0:32:50.160
<v Speaker 3>feeling great.

0:32:50.240 --> 0:32:51.160
<v Speaker 7>He's feeling really good.

0:32:51.240 --> 0:32:54.640
<v Speaker 4>Right now, we're going to talk about this elon Musk

0:32:54.760 --> 0:32:58.280
<v Speaker 4>is a bonus. The question is SpaceX is proposing to

0:32:58.320 --> 0:33:01.360
<v Speaker 4>spend at least fifty five billion dollar on a semiconductor

0:33:01.360 --> 0:33:06.600
<v Speaker 4>facility alongside Tesla. It's the first step on what Musk project?

0:33:06.880 --> 0:33:09.400
<v Speaker 4>What is the name of this project he's working on

0:33:09.920 --> 0:33:13.840
<v Speaker 4>to make these trips? You remember I got the name

0:33:13.840 --> 0:33:19.200
<v Speaker 4>of it HYPERI No, no, no, Terrafab, Tifab yes, Tarafab

0:33:19.280 --> 0:33:20.960
<v Speaker 4>is it. He wants to make the chips for all

0:33:21.040 --> 0:33:24.320
<v Speaker 4>his different enterprises, different business Listen, we didn't.

0:33:24.080 --> 0:33:27.000
<v Speaker 3>Get that, boss, but I'm happy that I won the game.

0:33:27.240 --> 0:33:28.320
<v Speaker 7>You have won.

0:33:28.560 --> 0:33:29.960
<v Speaker 4>We have to mark this down.

0:33:30.000 --> 0:33:31.680
<v Speaker 7>This is very thank you. Well, we don't have to

0:33:31.680 --> 0:33:33.120
<v Speaker 7>make that big a deal about it. It's not like.

0:33:35.160 --> 0:33:36.680
<v Speaker 13>I mean, but look at your face.

0:33:39.520 --> 0:33:41.880
<v Speaker 2>Wait, a long weekend and lots of news are Tansburg

0:33:41.960 --> 0:33:43.719
<v Speaker 2>very hard. It's a nice way to end the weekend.

0:33:43.720 --> 0:33:45.080
<v Speaker 2>We'll give you this one, but I'm coming for.

0:33:45.040 --> 0:33:45.560
<v Speaker 6>You next week.

0:33:48.360 --> 0:33:51.280
<v Speaker 2>Thanks for joining us on today's Bloomberg This Weekend podcast.

0:33:51.440 --> 0:33:53.680
<v Speaker 2>Don't forget to tune in live for the show every

0:33:53.720 --> 0:33:56.360
<v Speaker 2>Saturday and Sunday morning, starting at seven am Eastern.

0:33:56.440 --> 0:33:59.400
<v Speaker 3>We're on Bloomberg Television Radio and the Bloomberg Business App,

0:33:59.520 --> 0:34:03.680
<v Speaker 3>bringing you unique takes and in depth interviews on news, politics, lifestyle,

0:34:03.800 --> 0:34:04.360
<v Speaker 3>and culture.