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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. Welcome to the Bloomberg

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Speaker 1: This Weekend Podcast with David Gura, Christina Raffini, and Lisa Matteo.

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Speaker 4: bringing you unique takes and in depth interviews on news, politics, lifestyle,

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Speaker 4: and culture.

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Speaker 2: Some very troubling news with this fighter pilot down and

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Speaker 2: Iran still missing, the Iranian government, a provincial governor is

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Speaker 2: apparently offering a sixty six thousand dollars rewards of citizens

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Speaker 2: who quote capture the pilot alive.

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Speaker 5: Imagine the urgency of what's taking place on the ground

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Speaker 5: right now. And we'll remind everybody that when President Trump

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Speaker 5: delivered his primetime address to the nation just a couple

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Speaker 5: of nights ago, he said that Iran no longer had

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Speaker 5: any anti aircraft equipment, that we had won the skies,

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Speaker 5: and this is a difficult reminder that we have more

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Speaker 5: wood to chop here with a lot of missiles and

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Speaker 5: a lot of launchers in Iran that are still left.

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Speaker 2: There were also increased strikes in the United Emirates overnight.

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Speaker 2: UA said it detected sixty nine projectiles fight fired from

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Speaker 2: Iran Friday, including forty seven drones and eighteen ballistic missiles.

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Speaker 5: Well, well, we've got some great voices to talk to

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Speaker 5: us about this, all right.

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Speaker 2: We want to bring in Mark Apudo. He's AXIO senior

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Speaker 2: politics reporter. Ethan Brawner, He's Bloomberg News Israel Bureau chief

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Speaker 2: and Brigader General Mark Kimmitt, He's former Assistant Sectuary Estate

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Speaker 2: for Political Military affairs. Thank you all so much for

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Speaker 2: joining us. Mark, first, I want to start with you

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Speaker 2: because President Trump spoke to NBC very briefly and said

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Speaker 2: the situation with the down pilot doesn't alter negotiations with

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Speaker 2: Iran or the trajectory of this war. What's your take

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Speaker 2: on that.

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Speaker 6: Well, he's saying when he feels he has to, but

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Speaker 6: we have no fa and says to what's going to

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Speaker 6: happen if the pilot is killed or the crew member

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Speaker 6: I should say, if the crew member is held hostage,

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Speaker 6: or if the crew member is rescued three very different

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Speaker 6: scenarios that can affect very differently how Iran deals with

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Speaker 6: the United States and therefore how the United States deals

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Speaker 6: with Iran. Trump has benefited from these reporter calls where

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Speaker 6: he kind of says nothing or sort of delivers the

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Speaker 6: same message he says on truth social and there's not

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Speaker 6: much pushback, and so here he's sort of being given

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Speaker 6: that advantage. But the reality is this is that the

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Speaker 6: White House yesterday was expecting that it was good Friday,

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Speaker 6: people were going to be in and out of the

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Speaker 6: office pretty quickly and they'd be out by mid morning.

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Speaker 6: And instead what wound up happening was this, and there

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Speaker 6: was an all day meetings in the White House in

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Speaker 6: the Situation Room. President was and rightfully so, very concerned,

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Speaker 6: and there's a lot of worry. There is some indications

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Speaker 6: that there might be some sort of special operators in

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Speaker 6: the United States on the ground assisting in the search,

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Speaker 6: but that's only an indication, we don't know. Nevertheless, this

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Speaker 6: marks a real major turning point in the way in

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Speaker 6: which this war has discussed for the reasons you just said. Namely,

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Speaker 6: while the United States does have a lot of air superiority,

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Speaker 6: over the skies of Iran, it doesn't have complete air superiority,

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Speaker 6: and in this case, thinking that the United States did

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Speaker 6: help lead to this pilot bank shot down.

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Speaker 5: General Kimmitt, we'd love to hear from you on both

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Speaker 5: ends of this search. First, the actual search and rescue

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Speaker 5: operation that's underway right now, whether it includes boots on

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Speaker 5: the ground or the C one thirties and helicopters that

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Speaker 5: we saw video.

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Speaker 7: Of over the weekend. But also what is this pilot

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Speaker 7: going through.

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Speaker 5: These are of course very well trained men and women

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Speaker 5: for an instance like this, talk to us about the

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Speaker 5: seer training that they are putting into place.

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Speaker 8: Now, let's first talk about the seer training. That's a

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Speaker 8: very very specialized course given of pilots and in some

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Speaker 8: cases other special operations forces. They go through a couple

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Speaker 8: of weeks of this exact type of scenario. You're on

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Speaker 8: the ground, your plane is crash, you're possibly injured, you

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Speaker 8: have nothing more than what you're carrying on yourself and

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Speaker 8: some communications. The first and most important thing is to,

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Speaker 8: as they say, learn to live like a bunny. In

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Speaker 8: other words, imagine you're a small, fragile, quiet little bunny.

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Speaker 8: You just don't try to be brave, try to hide,

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Speaker 8: try to find the right time to contact your rescue team.

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Speaker 8: But first and foremost, get yourself in a place where

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Speaker 8: you can't be found and don't attract anything other than

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Speaker 8: those aircraft that are coming to save you.

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Speaker 2: In general, when they eject, they don't eject together. They're

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Speaker 2: on two different parachutes. What is the protocol? Are they

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Speaker 2: supposed to find each other? Does it depend on the situation.

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Speaker 2: I know the big impetus is survive. What do you do?

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Speaker 2: Do you look for your other guy or do you

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Speaker 2: run and hide?

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Speaker 8: Or does it just depend Yeah, it just depends, as

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Speaker 8: you say. I mean, for example, if you've seen the

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Speaker 8: other parachute go down and it's near where you are,

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Speaker 8: you might want to try to link up. But typically

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Speaker 8: your first focus is on yourself. You don't do anything

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Speaker 8: to expose yourself. You may get over to your buddy

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Speaker 8: to make sure that he or she is not injured,

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Speaker 8: but it's got to be an independent action that the

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Speaker 8: individuals are taken. Because more people just bring in more,

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Speaker 8: attract more, attract more.

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Speaker 5: Yeah, Ethan Brauner, we know that Tehran is offering a reward,

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Speaker 5: as Christine mentioned sixty six thousand dollars to citizens who

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Speaker 5: capture the pilot alive. To what extent might this American

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Speaker 5: pilot run into friendly people on the ground.

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Speaker 9: Well, I wish I could really answer that with any authority. Look,

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Speaker 9: I mean, the Masaden has been offering beast rewards in

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Speaker 9: Iran two for a long time now, and some of

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Speaker 9: them are getting answered. I don't really know if the

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Speaker 9: sixty six thousand dollars is going to do it. I

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Speaker 9: think that this is a battle that isn't really fundamentally

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Speaker 9: about money, you know, it is about two cultures at

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Speaker 9: war with each other, and of course within around there's

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Speaker 9: a culture war as well, So I don't know. I mean,

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Speaker 9: you know, I think I would say that also in

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Speaker 9: the history of wars, you know, one down a crew

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Speaker 9: member is not a huge tragedy. But it's just for us,

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Speaker 9: we don't really consider this to be a necessary war

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Speaker 9: most Americans, and therefore everything that happens seems like it's

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Speaker 9: going to knock the thing off over the edge, right.

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Speaker 2: And also maybe you know, I don't what is in

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Speaker 2: south western Iran. I mean, it's it's pretty rural. The

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Speaker 2: provincial governor is one of the people who's called to

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Speaker 2: this bounty, what's out there, who's out there, and where

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Speaker 2: could the dangers be.

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Speaker 9: I mean, I don't have any greater granular knowledge than

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Speaker 9: you do Southwestern around.

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Speaker 2: I'm sorry, no, I'm sorry to put you on the spot.

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Speaker 2: I just yeah, it's it's interesting to me because we've

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Speaker 2: seen from these other pilots there was another aircraft that

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Speaker 2: went down as well, and the pilot was able to

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Speaker 2: punch out and get to I think Kuwait and so

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Speaker 2: so I'm assuming they're close to the water there, but

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Speaker 2: I don't know what the infrastructure is or even where

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Speaker 2: these pilots would be trying to go.

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Speaker 9: In Southwest around. Yeah.

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Speaker 10: Right.

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Speaker 5: You know, we've barely talked about the A ten Warthog

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Speaker 5: because there is not a search and rescue operation underway.

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Speaker 7: But Mark, this is a pretty big deal too.

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Speaker 5: We just added a number of these aircraft to the

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Speaker 5: region to help with strafing runs along the Strait and

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Speaker 5: be ready for whatever the President might be asking for.

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Speaker 5: Do we have any information on what caused this plane

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Speaker 5: to go down?

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Speaker 7: No, we don't.

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Speaker 6: One of the things that a lot of people point out,

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Speaker 6: which you know, it's the general there can talk about

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Speaker 6: more than I can, is the Aten Warhog is a

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Speaker 6: very old plane. I mean, my father was in the

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Speaker 6: Vietnam War and they were in service at that time,

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Speaker 6: and there have been moves by the Air Force periodically

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Speaker 6: to get rid of it. But it's sort of an

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Speaker 6: iconic airplane, in part because it flies slow enough and

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Speaker 6: fire so many rounds that it has a lot of advantage.

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Speaker 6: But nevertheless, whether it's mechanical or whether it was brought

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Speaker 6: down by enemy fes, I'm not quite sure, but we

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Speaker 6: shouldn't rule out the mechanical reasons for the reason stated

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Speaker 6: that is that these are variable airplanes.

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Speaker 2: General to that point. I was asking some military folks

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Speaker 2: about that yesterday. I was asking, you know, why we're

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Speaker 2: still using the F fifteen, Why we're still using the Aten?

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Speaker 2: Maybe you can explain it a little bit, But I

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Speaker 2: was told that the F fifteen, excuse me, has almost

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Speaker 2: a perfect airframe, and there was actually an incident where

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Speaker 2: one of the wings was shot off and the plane

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Speaker 2: could still land. Is it because these planes are just workhorses.

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Speaker 2: They're around and they do get the job done. Why

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Speaker 2: are we still using these and what are they really

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Speaker 2: good at?

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Speaker 8: Well, first of all, I think you're referring to the

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Speaker 8: A ten, not to the F fifteen. The F fifteen

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Speaker 8: is a high performance aircraft, flies high flies fast, drops

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Speaker 8: precision munitions. The A ten came into use in the eighties.

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Speaker 8: It's a tank killer, has thirty millimeter gun on it,

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Speaker 8: which has depleted uranium rounds on it, and it was

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Speaker 8: built to stop the Soviet assault into Western Europe. It

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Speaker 8: is essentially a plane built around a gun, and as

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Speaker 8: you said, it is so sturdy you can brow a

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Speaker 8: wing off and still rand it. Very slow, very vulnerable.

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Speaker 8: But the pilot actually sits in a titanium bathtub because

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Speaker 8: he is expecting or she is expecting to get hit

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Speaker 8: by ground fire.

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Speaker 5: That thirty millimeter gun is about the size of a

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Speaker 5: Volkswagen bug inside the front of that airplane.

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Speaker 7: It's pretty remarkable, Ethan.

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Speaker 5: I'd like to ask you about Iran's offensive capabilities Beyond

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Speaker 5: what we saw in the shooting down of this airplane.

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Speaker 5: Iran is launching about twenty missiles a day at Israel,

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Speaker 5: firing one or two at a time. How long can

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Speaker 5: it continue this cadence?

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Speaker 7: Right?

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Speaker 9: This is a great question. I mean, the Israelis have

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Speaker 9: been saying for weeks now that they've taken out seventy

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Speaker 9: percent of the launchers and the vast majority of their

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Speaker 9: missiles ballistic missiles, and then of course every day we

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Speaker 9: see more of them still coming, and in smaller amounts,

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Speaker 9: as you said, one or two per volley, and therefore

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Speaker 9: eminently gettable with Israel's defense systems, but they don't seem

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Speaker 9: to be able to stop them at all, and there's

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Speaker 9: a growing sense that they're able to repair them more

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Speaker 9: quickly than has been allegend. As we know, of course,

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Speaker 9: President Trump one day says one thing and one day

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Speaker 9: another thing, and it's very difficult for us to know exactly.

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Speaker 9: It's a enormous country, a ninety million people, and the

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Speaker 9: idea that somehow we are able to know exactly what's

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Speaker 9: going on across the entire region and all the launchers

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Speaker 9: seems unlikely. And this is a country that's been at

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Speaker 9: war on and off, you know, plenty, and is clearly

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Speaker 9: ready to suffer while it takes down in that asymmetrical

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Speaker 9: way against a bunch of a Western country that really

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Speaker 9: isn't entirely sure why it's there.

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Speaker 2: And speaking of that flip flopping mark, we have some

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Speaker 2: sound from the President over about how the objectives of

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Speaker 2: this warm we've heard from the administration. The messaging has

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Speaker 2: changed throughout the conflict. We're going to play that for.

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Speaker 10: You, going to hit them extremely hard over the next

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Speaker 10: two to three weeks. We're going to bring them back

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Speaker 10: to the stone ages where they belong in the meantime.

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Speaker 10: Discussions are ongoing. Regime change was not our goal. We

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Speaker 10: never said regime change, but regime change has occurred because

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Speaker 10: of all of their original leader's death. They're all dead.

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Speaker 10: The new group is less radical and much more reasonable.

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Speaker 2: Right, it's not regime change, but we got regime change.

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Speaker 2: The new group is less radical, which I think is

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Speaker 2: a source of quite vigorous debate on that. And we're

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Speaker 2: also hearing this familiar two week timeframe we were seeing earlier.

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Speaker 2: It's almost like when the airlines tell you, oh, twenty

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Speaker 2: more minutes, twenty more minutes. The White House just keeps saying, oh,

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Speaker 2: two more weeks, two more weeks. What's your take on

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Speaker 2: all this and how the messaging is impacting operations and

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Speaker 2: how people feel about this conflict.

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Speaker 6: Well, colleing Barackravine, myself in access we had written about

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Speaker 6: the complications of kind of understanding what the actual signal

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Speaker 6: versus the noises coming from the president, because it has

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Speaker 6: lots of things, some of them are contradictory to his

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Speaker 6: opponents and his critics, and this is just sort of

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Speaker 6: madness to his supporters and people in the White House.

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Speaker 6: This is part of a strategic genius keeping things ambiguous

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Speaker 6: and keeping everyone off balance. But I think it helps

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Speaker 6: to go back to the original February twenty eighth announcement

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Speaker 6: with the beginning of the war that Trump had made.

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Speaker 6: He laid out four goals that the US military would accomplish,

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Speaker 6: which is destroying the nuclear, missile, naval and terrorist proxy

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Speaker 6: funding capabilities of Iran. He then added another one, saying

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Speaker 6: that he hoped, essentially that the people of Ron rose

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Speaker 6: up and shook off the regime. So while he didn't

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Speaker 6: say we are going to do regime change, he made

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Speaker 6: it clear that the United States would like the.

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Speaker 7: Running people to do that.

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Speaker 6: Now, contrast that with the clip you just played, which

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Speaker 6: is the President of the United States is saying that

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Speaker 6: we're going to bomb them back to the Stone Age.

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Speaker 6: And that's a little different from sort of suggesting that

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Speaker 6: we want to help liberate the people of Iran. Originally,

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Speaker 6: we want to help liberate them from Prussian and now

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Speaker 6: we're possibly going to plunge them in a darkness and

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Speaker 6: destroy all their infrastructure and the electricity. Now it's not

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Speaker 6: that quite clear and simple, but it has heard that way,

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Speaker 6: and that speech caused the markets to plunge, which is

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Speaker 6: a nightmare scenario for the president.

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Speaker 7: It's something you didn't want to have happened.

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Speaker 5: Be watching the markets of course when they reopen after

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Speaker 5: this long weekend. And big thanks to our panel of

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Speaker 5: getting things started here, Marco Puto. Great to have you,

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Speaker 5: Ethan Bronner and retired General Mark Kimmitt. Just part of

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Speaker 5: our conversation today on Bloomberg this weekend.

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Speaker 4: Stay with us for more on Bloomberg this weekend.

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Speaker 2: Right after this, the White House is asking Congress for

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Speaker 2: one point five trillion dollars for defense for the twenty

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Speaker 2: twenty seven fiscal year. That would be the highest level

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Speaker 2: in modern history, any forty percent increase from what the

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Speaker 2: US spent on the Pentagon this year.

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Speaker 5: We're already at a trillion dollars this year. You see

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Speaker 5: what the President said on Wednesday, Christina.

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Speaker 2: The President has said a lot of things on Wednesday, Joe,

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Speaker 2: which which thing are.

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Speaker 5: We talking about it's not possible for us to take

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Speaker 5: care of daycare, medicaid, medicare all these individual things. We

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Speaker 5: have to take care of one thing, military protection.

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Speaker 2: We have to guard the country. He says, Well, I

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Speaker 2: know one individual who might have something to say about that,

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Speaker 2: and he is our next guest.

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Speaker 5: Democratic National Committee Chair Ken Martin is with us to

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Speaker 5: top our nine o'clock hour here on the East Coast

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Speaker 5: on Bloomberg this weekend. It's great to see you, mister Martin.

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Speaker 5: Welcome back to Bloomberg TV and Radio. I want to

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Speaker 5: ask you about a lot of things here, including the midterms,

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Speaker 5: but your thoughts on this when it comes to messaging

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Speaker 5: and Democrats who are on the campaign trail as we

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Speaker 5: speak with a Congress that is not in Washington. Is

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Speaker 5: this an ad that's already been written for you by

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Speaker 5: the president?

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Speaker 11: Well, certainly, I mean, of course, we've already started playing it.

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Speaker 11: We've already been pushing it out all throughout the country.

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Speaker 11: Because what a remarkable statement from a president of the

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Speaker 11: United States to suggest that the only thing that federal

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Speaker 11: government should be focused in on is of course, fighting

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Speaker 11: wars of choice around the world at an enormous expense,

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Speaker 11: at the expense of hard working Americans right now, who

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Speaker 11: are really struggling based on this disastrous economic policy that

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Speaker 11: Donald Trump has pushed over the course of this last year,

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Speaker 11: which is making it harder for people to already afford

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Speaker 11: their lives, and this war now of course making it

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Speaker 11: even more difficult. Look, the reality is is he's made

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Speaker 11: it very clear what his values are, and these are choices,

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Speaker 11: of course, and he's decided to pick fights around the

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Speaker 11: world and again to make it clear that people who

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Speaker 11: need child care in this country, people who are concerned

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Speaker 11: about the rising costs of groceries and the lack of

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Speaker 11: affordable housing, and the fact that they can barely afford

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Speaker 11: their utility costs or fill up their gas. You know,

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Speaker 11: the reality is is right now people are struggling. Donald

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Speaker 11: Trump is ignoring their cries for help.

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Speaker 2: When it comes to the midterms, what is the priority

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Speaker 2: for Democrats? Are you going to try to wrap this

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Speaker 2: all into one? I mean, the president ran on affordability,

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Speaker 2: gas prices are going up. How are Democrats planning to

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Speaker 2: capitalize and message on that? Because sometimes the messaging is

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Speaker 2: not your party's forte, but there is a lot there

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Speaker 2: to do. How are you going to make this happen

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Speaker 2: for your party.

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Speaker 11: Well, listen, I would say if you look at the

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Speaker 11: last year, we have had tremendous success. We've won over

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Speaker 11: ninety percent of the elections on the ballot, historic over

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Speaker 11: performance which was just about fourteen percentage points on average,

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Speaker 11: which is an all time high. And the through line

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Speaker 11: on that is that all of our Canada that's focused

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Speaker 11: almost exclusively on affordability, making sure that we address the

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Speaker 11: anxiety of this nation right now, which is really around

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Speaker 11: the economy. Many Americans are falling behind and no one

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Speaker 11: feels like this economy is working for them right now.

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Speaker 11: And so as we go into these last two hundred

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Speaker 11: and fourteen days left until the midterm election, we're going

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Speaker 11: to focus on three really important things. One is, of course, affordability.

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Speaker 11: How do we make sure that you can afford to

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Speaker 11: get to work, How do we make sure that you

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Speaker 11: actually have a job to go to How do we

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Speaker 11: make sure that you can afford your rent or your

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Speaker 11: mortgage or putting groceries on the table, as I mentioned earlier. Second,

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Speaker 11: we're going to focus on the emergent healthcare crisis in

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Speaker 11: this country based on the big Ugly Bill and the

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Speaker 11: fact that they're going to take away so much revenue

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Speaker 11: from healthcare systems in this country. Three hundred hospitals are

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Speaker 11: going to close a quarter and nursing homes are going

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Speaker 11: to close. Healthcare premiums are rising on almost every American

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Speaker 11: right now. Healthcare is an emergent crisis in this country.

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Speaker 11: And the last thing we're going to focus on is

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Speaker 11: fixing this corrupt and rig system that only benefits the wealthy,

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Speaker 11: the well connected, and the powerful at the expense of

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Speaker 11: everyone else in this country. And so that's what Democrats

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Speaker 11: are focused on. We're going to focus on delivering real

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Speaker 11: solutions to what's vexing the American people right now, focus

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Speaker 11: just on fighting wars of choice around the world that

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Speaker 11: are costing. The average American household is paying four hundred

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Speaker 11: dollars more a month to litigate this war and Iran,

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Speaker 11: and it's four hundred dollars a month they don't have

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Speaker 11: based on this disastrous economy that Donald Trump has.

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Speaker 5: Pushed with a gallon of gas at four dollars and

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Speaker 5: ten cents today on average, according to Triple A Ken,

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Speaker 5: we want to talk to you about resources. We had

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Speaker 5: a conversation just last week on Bloomberg with Congresswoman Susan Delbenet,

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Speaker 5: who chairs the D Triple C. They're targeting Trump plus

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Speaker 5: eleven plus thirteen seats in some districts, making this a

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Speaker 5: much wider effort. I realize you have history on your side,

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Speaker 5: you might even have the message on your side. But

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Speaker 5: how about money. The RNC has a nearly seven to

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Speaker 5: one money advantage over the DNC right now. You pulled

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Speaker 5: in ten point three million in February, the RNC eighteen

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Speaker 5: and a half million. Do you have the money the

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Speaker 5: resources to pursue that many seats.

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Speaker 11: Well, absolutely, And in combination with the D Triple C,

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Speaker 11: the DS and our other partners, of course, we do.

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Speaker 7: Look, you know, we don't need to.

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Speaker 11: Outraise the Republicans. We just need to raise enough money

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Speaker 11: to be in the ring so we can compete and fight.

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Speaker 11: And I'll give you an example on that. In Texas,

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Speaker 11: we flipped a state Senate seat there. It was a

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Speaker 11: plus seventeen percent Trump district. Our candidate won by fourteen

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Speaker 11: percentage points, meaning it was a thirty one point swing,

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Speaker 11: and the Republican opponent, they're raised two and a half

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Speaker 11: million dollars to our candidate's three hundred and eighty thousand dollars. Again,

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Speaker 11: we don't need to outraise the Republicans. We just need

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Speaker 11: to have enough money to compete. And look, last year

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Speaker 11: we raised a record amount of money for a first

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Speaker 11: year chair of the Democratic National Committee.

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Speaker 7: We raised a record.

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Speaker 11: Amount of money and what was fueling that was the

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Speaker 11: grassroots dollars, you know, the small donors averaging fifty one dollars,

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Speaker 11: you know, that was what was fueling our effort, and

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Speaker 11: we raised a record amount which allowed us to win

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Speaker 11: a record amount of races. Of course, we've got win

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Speaker 11: at our back. We've got momentum as you mentioned, we've

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Speaker 11: got a message that's resonated, and we'll have the resources

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Speaker 11: to make sure that we can compete. And as you mentioned,

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Speaker 11: because of this historic overperformance, we've been able to expand

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Speaker 11: out the map. We can now any Republican who sits

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Speaker 11: in a fourteen percent or less district in this country

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Speaker 11: is now targeted by the Democratic Party because they are vulnerable.

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Speaker 11: And that's fifty Republicans who sit in those seats are

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Speaker 11: now on our target list. We've got a great path

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Speaker 11: to the US House, and as crazy as it sounds,

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Speaker 11: there's an equal chance of us winning the US Senate

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Speaker 11: back as well.

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Speaker 2: And almost every time I have a Democrat honor talked

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Speaker 2: to a Democrat, I ask them two questions, who is

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Speaker 2: the leader of the Democratic Party? And if you actually

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Speaker 2: take back the House and or the Senate, is there

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Speaker 2: anything you can actually do to stop the legislatorship a

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Speaker 2: gender of a president who seems not to care whether

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Speaker 2: he has congressional approval for most of the things he does.

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Speaker 11: Well, let me answer the first thing. You know, look,

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Speaker 11: there's many leaders of the Democratic Party. I happen to

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Speaker 11: be one of them. I'm the chair.

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Speaker 2: Is that part of the problem?

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Speaker 11: Yeah, well no, Look, this is always the problem for

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Speaker 11: either party when they're out of power.

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Speaker 7: Right.

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Speaker 11: The reality is is that you know, the president and

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Speaker 11: the party in power has a much bigger megaphone. That's

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Speaker 11: just always the case. And so we've got great governors

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Speaker 11: out there, We've got great some mayors out there, We've

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Speaker 11: got wonderful members of Congress. So there are many leaders,

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Speaker 11: and of course we're a big ten party. That means

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Speaker 11: we've got lots of different ideas out there, right, And

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Speaker 11: as we come into this presidential race in twenty eight

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Speaker 11: and we get a nominee. Of course, then you know,

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Speaker 11: it will start to come into focus who the leader

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Speaker 11: of the Democratic Party is. But until that time, right,

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Speaker 11: we have many leaders who are delivering for the American people,

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Speaker 11: who are actually standing up. I've been very proud of

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Speaker 11: watching what our governors have done during this last year

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Speaker 11: to actually deliver on promises that they've made to the

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Speaker 11: American people. I've been proud of watching our mayors use

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Speaker 11: the power they have to protect communities in this country

439
00:21:43,040 --> 00:21:45,960
Speaker 11: from this administration. I've been really proud of our members

440
00:21:45,960 --> 00:21:49,199
Speaker 11: of Congress using their platforms to actually speak out and

441
00:21:49,240 --> 00:21:51,680
Speaker 11: hold this president accountable. And so, look, there are a

442
00:21:51,760 --> 00:21:54,720
Speaker 11: lot of leaders of the Democratic Party, and you know, look,

443
00:21:54,760 --> 00:21:57,080
Speaker 11: I get that question a lot. I'm very proud of

444
00:21:57,119 --> 00:21:58,879
Speaker 11: the fact that we have so many great leaders in

445
00:21:58,920 --> 00:22:01,520
Speaker 11: this party who are standing up, delivering on the promises

446
00:22:01,560 --> 00:22:03,919
Speaker 11: they made to the American people, and actually fighting to

447
00:22:04,000 --> 00:22:06,800
Speaker 11: make a difference in their lives. And on the second piece,

448
00:22:06,840 --> 00:22:09,719
Speaker 11: you know, look, I think when we win back control

449
00:22:09,720 --> 00:22:12,280
Speaker 11: of the Congress and hopefully the Senate, our job is

450
00:22:12,320 --> 00:22:15,000
Speaker 11: to pass legislation to actually stand up and do what

451
00:22:15,040 --> 00:22:17,159
Speaker 11: we said we were going to do, and you know,

452
00:22:17,200 --> 00:22:19,840
Speaker 11: put it on Donald Trump's desk and you know, make

453
00:22:19,920 --> 00:22:22,120
Speaker 11: him make a choice if he's going to actually sign

454
00:22:22,240 --> 00:22:26,320
Speaker 11: legislation that's going to bring down the costs for American

455
00:22:26,320 --> 00:22:29,840
Speaker 11: people and actually help create jobs, and actually restore health

456
00:22:29,840 --> 00:22:33,080
Speaker 11: care access in this country and help, you know, families

457
00:22:33,119 --> 00:22:36,879
Speaker 11: that are struggling with childcare and finding jobs. At the

458
00:22:36,960 --> 00:22:39,119
Speaker 11: end of the day, if we do those things and

459
00:22:39,160 --> 00:22:42,680
Speaker 11: the President still refuses to sign them, the Republicans will

460
00:22:42,680 --> 00:22:44,840
Speaker 11: have no chance of winning in twenty twenty eight. So

461
00:22:44,840 --> 00:22:46,439
Speaker 11: what we're going to do is we're going to focus

462
00:22:46,480 --> 00:22:49,159
Speaker 11: on doing our jobs and delivering on the promises that

463
00:22:49,200 --> 00:22:51,280
Speaker 11: we made to the American people. It will be up

464
00:22:51,320 --> 00:22:53,200
Speaker 11: to the President to decide whether or not he wants

465
00:22:53,240 --> 00:22:54,720
Speaker 11: to join Democrats at that point.

466
00:22:54,840 --> 00:22:58,320
Speaker 5: When we consider what primary voters are looking for here

467
00:22:58,400 --> 00:23:01,480
Speaker 5: in this midterm cycle, there was fascinating research out recently

468
00:23:02,040 --> 00:23:06,120
Speaker 5: from the group Third Way, of course famously moderate according

469
00:23:06,119 --> 00:23:08,960
Speaker 5: to some dangerously moderate depending on the progressive you might

470
00:23:09,000 --> 00:23:09,639
Speaker 5: be speaking with.

471
00:23:10,240 --> 00:23:11,160
Speaker 7: They talked about.

472
00:23:11,000 --> 00:23:14,520
Speaker 5: What primary voters' lives are like, what primary voters are

473
00:23:14,560 --> 00:23:17,840
Speaker 5: looking for, and it came down to basically a question

474
00:23:17,960 --> 00:23:23,400
Speaker 5: or an argument of pragmatism versus progressivism. Seventy five percent

475
00:23:23,440 --> 00:23:28,600
Speaker 5: of Democratic self identified Democratic primary voters said they prefer

476
00:23:28,760 --> 00:23:33,320
Speaker 5: pragmatism to twenty five percent progressivism. Is that going to

477
00:23:33,320 --> 00:23:36,760
Speaker 5: be an important theme to follow in this campaign cycle?

478
00:23:37,800 --> 00:23:39,520
Speaker 11: Well, look, I mean, I don't like to put a

479
00:23:39,600 --> 00:23:42,479
Speaker 11: label on any of this. I do agree that what

480
00:23:42,600 --> 00:23:46,520
Speaker 11: Americans want right now is results. They're sick and tired

481
00:23:46,600 --> 00:23:50,760
Speaker 11: of watching parties, politicians from both parties say one thing

482
00:23:50,840 --> 00:23:53,400
Speaker 11: and then get into office and do another. They want

483
00:23:53,440 --> 00:23:55,919
Speaker 11: people to stand up and fight for them and deliver.

484
00:23:56,280 --> 00:23:58,840
Speaker 11: And you know, it's one of the challenges both for

485
00:23:58,880 --> 00:24:02,159
Speaker 11: the Republican Party and it has been for the Democratic Party.

486
00:24:02,160 --> 00:24:04,119
Speaker 11: But what I think you're seeing right now, which is

487
00:24:04,119 --> 00:24:06,960
Speaker 11: why Donald Trump's numbers are so low and the Republican

488
00:24:07,040 --> 00:24:10,800
Speaker 11: Party is in jeopardy right now, losing both chambers of

489
00:24:10,920 --> 00:24:14,240
Speaker 11: Congress and has been losing throughout the country right now,

490
00:24:14,520 --> 00:24:17,960
Speaker 11: is you have one party that's actually delivering. Look at

491
00:24:17,960 --> 00:24:21,120
Speaker 11: what Abigail Spanberger and Mikey Cheryl did on day one

492
00:24:21,280 --> 00:24:24,040
Speaker 11: after they were elected governor. Look at what other Democratic

493
00:24:24,080 --> 00:24:27,359
Speaker 11: elected officials are doing throughout the country to stand up

494
00:24:27,359 --> 00:24:30,560
Speaker 11: and deliver on those promises. And the Republicans continue to

495
00:24:30,640 --> 00:24:33,199
Speaker 11: ignore the pleas of this country to focus on the

496
00:24:33,240 --> 00:24:35,720
Speaker 11: issues that matter most of the Americans. And so look,

497
00:24:36,000 --> 00:24:38,360
Speaker 11: I think at the end of the day, you know,

498
00:24:38,440 --> 00:24:40,600
Speaker 11: you can call it pragmatism, or you can just you know,

499
00:24:40,680 --> 00:24:43,720
Speaker 11: call it look delivering on your promises. You know, one

500
00:24:43,720 --> 00:24:46,160
Speaker 11: of my first bosses said that you should never separate

501
00:24:46,160 --> 00:24:48,280
Speaker 11: the life you lead from the words you speak. And

502
00:24:48,320 --> 00:24:51,360
Speaker 11: it's critical right now because most Americans are just sick

503
00:24:51,400 --> 00:24:54,040
Speaker 11: and tired of politics as usual. They want someone who's

504
00:24:54,040 --> 00:24:56,560
Speaker 11: going to stand up, be their champion and help them

505
00:24:56,600 --> 00:24:58,760
Speaker 11: actually get ahead and not just get by.

506
00:24:59,040 --> 00:25:03,200
Speaker 2: All right, that out. Americans are sick and tired of politics.

507
00:25:03,320 --> 00:25:06,840
Speaker 2: They are frustrated with Congress members in both parties, and

508
00:25:06,920 --> 00:25:10,240
Speaker 2: they have a new accountability buddy making its presence known,

509
00:25:10,320 --> 00:25:13,480
Speaker 2: and that is TMZ, the site we usually think of

510
00:25:13,560 --> 00:25:16,680
Speaker 2: as gossip. We spoke to Harvey Levin on that site

511
00:25:16,760 --> 00:25:19,760
Speaker 2: about why they are now going after members of Congress

512
00:25:19,800 --> 00:25:21,959
Speaker 2: who are seen on vacation while the government is shut down.

513
00:25:21,960 --> 00:25:23,760
Speaker 2: We're gonna play some sound for you when.

514
00:25:23,680 --> 00:25:26,640
Speaker 12: You look at what we're doing with these photographs and videos.

515
00:25:27,119 --> 00:25:30,040
Speaker 12: It's really the big thing we're doing, because what we're

516
00:25:30,080 --> 00:25:34,280
Speaker 12: doing is we're showing how the public feels about them,

517
00:25:34,800 --> 00:25:37,640
Speaker 12: and I think they've lost that big view of it

518
00:25:38,080 --> 00:25:40,280
Speaker 12: and started looking at it, you know, the blame game

519
00:25:40,320 --> 00:25:42,840
Speaker 12: that the Republicans didn't vote on this, so the Democrats

520
00:25:42,840 --> 00:25:46,679
Speaker 12: didn't do that, and they're not stepping back and looking

521
00:25:46,800 --> 00:25:48,280
Speaker 12: at Congress as a whole.

522
00:25:49,720 --> 00:25:51,879
Speaker 2: We've only got about thirty seconds here, but I'm curious

523
00:25:51,880 --> 00:25:54,160
Speaker 2: what your reaction to this is because it does tap

524
00:25:54,240 --> 00:25:58,200
Speaker 2: into a broader spectrum of the American public really annoyed

525
00:25:58,200 --> 00:26:00,479
Speaker 2: that Congress is not doing what they sent there to do.

526
00:26:01,400 --> 00:26:06,040
Speaker 11: Yeah, I've always said sunlight is the best disinfectant. You know,

527
00:26:06,240 --> 00:26:10,240
Speaker 11: it's important for folks to hold elected officials and leaders

528
00:26:10,280 --> 00:26:13,600
Speaker 11: in Congress and throughout the country accountable. And you know,

529
00:26:13,800 --> 00:26:16,640
Speaker 11: during a time when government shut down and you see

530
00:26:16,800 --> 00:26:21,200
Speaker 11: you know, politicians taking vacations, politicians, you know, not doing

531
00:26:21,200 --> 00:26:23,520
Speaker 11: their job while people are suffering, of course, people are

532
00:26:23,560 --> 00:26:25,680
Speaker 11: going to be frustrated. And so again there should be

533
00:26:25,720 --> 00:26:28,560
Speaker 11: a wake up call to every politician in each party

534
00:26:28,600 --> 00:26:30,960
Speaker 11: to make sure that in times of crisis like this

535
00:26:31,040 --> 00:26:33,320
Speaker 11: in this country, it requires people to stand up, do

536
00:26:33,400 --> 00:26:35,600
Speaker 11: their job and deliver for the American people. And again,

537
00:26:35,640 --> 00:26:38,679
Speaker 11: Democrats are doing that Republicans are sitting on their asses

538
00:26:38,720 --> 00:26:40,360
Speaker 11: while people are suffering in this country.

539
00:26:40,880 --> 00:26:43,199
Speaker 5: Ken Martin, Chair of the DNC. We thank you for

540
00:26:43,240 --> 00:26:46,000
Speaker 5: a great conversation. Ken. Happy Easter to you and thanks

541
00:26:46,000 --> 00:26:47,679
Speaker 5: for joining us. I just want to know why Lindsey

542
00:26:47,680 --> 00:26:50,000
Speaker 5: Graham was at Shaye Mickey and what he ate while

543
00:26:50,000 --> 00:26:50,600
Speaker 5: he was there with.

544
00:26:50,560 --> 00:26:55,000
Speaker 2: The bubble ones. Stay with us for more on Bloomberg

545
00:26:55,040 --> 00:27:10,160
Speaker 2: this weekend. Right after this this year's Easter baskets might

546
00:27:10,200 --> 00:27:13,080
Speaker 2: be missing some go to suites as consumers pull back

547
00:27:13,080 --> 00:27:15,399
Speaker 2: from some of those items due to higher prices and

548
00:27:15,520 --> 00:27:19,000
Speaker 2: economic pressures. A new report from Bloomberg Intelligence finds Easter

549
00:27:19,119 --> 00:27:21,680
Speaker 2: candy sales are down five percent so far this year.

550
00:27:22,040 --> 00:27:25,920
Speaker 2: Equity research analyst Diana Roseo Paynat joins us, now, thank

551
00:27:25,960 --> 00:27:27,520
Speaker 2: you for coming in. I don't know if this is

552
00:27:27,680 --> 00:27:30,359
Speaker 2: sad news or good news that, but Easter candy sales

553
00:27:30,400 --> 00:27:33,080
Speaker 2: are down. But where are you noticing that most.

554
00:27:33,200 --> 00:27:36,960
Speaker 13: Well, it's pretty much on chocolate people, see. I know,

555
00:27:37,440 --> 00:27:41,280
Speaker 13: it's one of the biggest share compared to non candy

556
00:27:41,640 --> 00:27:45,240
Speaker 13: non chocolate, so obviously the hit is mostly on them,

557
00:27:45,359 --> 00:27:49,000
Speaker 13: and it's mostly on volumes. People are pushing back on

558
00:27:49,040 --> 00:27:53,919
Speaker 13: price increases. That has been happening for the past eighteen months,

559
00:27:54,040 --> 00:27:55,959
Speaker 13: and they're being strategic about their spending.

560
00:27:56,240 --> 00:27:58,359
Speaker 2: Is it because chocolate is getting more expensive faster than

561
00:27:58,359 --> 00:28:00,479
Speaker 2: some of the other items are. I mean, it's one

562
00:28:00,480 --> 00:28:03,320
Speaker 2: of the few candies I let my have, well, my goodness,

563
00:28:03,720 --> 00:28:06,159
Speaker 2: the few candies I have myself. And I noticed I

564
00:28:06,200 --> 00:28:07,600
Speaker 2: bought it yesterday and I said to the women, so

565
00:28:07,720 --> 00:28:09,520
Speaker 2: this is like nine dollars and she's like, yeah, it's

566
00:28:09,520 --> 00:28:11,280
Speaker 2: getting really expensive even for us to buy.

567
00:28:11,440 --> 00:28:15,240
Speaker 13: Yes, exactly, I mean it's it's because of cocoa prices

568
00:28:15,600 --> 00:28:19,800
Speaker 13: I have been very high, so chocolate tears have had

569
00:28:19,840 --> 00:28:23,040
Speaker 13: to pass through those price increases. But obviously the demand

570
00:28:23,080 --> 00:28:26,000
Speaker 13: seems to be a little bit on the weaker side

571
00:28:26,040 --> 00:28:29,000
Speaker 13: because of it. So we project that, you know, throughout

572
00:28:29,000 --> 00:28:31,840
Speaker 13: the season, Eastern candy sales is probably they're going to

573
00:28:32,040 --> 00:28:33,560
Speaker 13: probably fall about five percent.

574
00:28:33,960 --> 00:28:35,960
Speaker 2: So we were talking before we started, and you said,

575
00:28:35,960 --> 00:28:38,720
Speaker 2: this is the week that people buy the most of

576
00:28:38,720 --> 00:28:40,800
Speaker 2: their Eastern candy. This is not like Christmas where people

577
00:28:40,840 --> 00:28:42,800
Speaker 2: plan ahead. People go, oh, shoot, it's Easter, I gotta

578
00:28:42,800 --> 00:28:43,440
Speaker 2: buy some stuff.

579
00:28:43,480 --> 00:28:43,960
Speaker 14: Exactly.

580
00:28:44,080 --> 00:28:47,840
Speaker 13: Yeah, so this week actually is the third of the

581
00:28:47,880 --> 00:28:51,400
Speaker 13: purchase of Eastern candy that is going to happen this season. Yes,

582
00:28:51,560 --> 00:28:54,960
Speaker 13: so this is I guess the make or break week

583
00:28:55,040 --> 00:28:58,479
Speaker 13: for the holiday. But you know, sixty four percent of

584
00:28:58,680 --> 00:29:02,000
Speaker 13: shoppers actually wait until the next day to get the

585
00:29:02,080 --> 00:29:03,560
Speaker 13: candy for half a price.

586
00:29:03,560 --> 00:29:04,400
Speaker 2: You're buying that discount.

587
00:29:04,400 --> 00:29:08,040
Speaker 13: It's terrifying at the discount, which obviously affects sales overall.

588
00:29:08,240 --> 00:29:11,520
Speaker 2: We've also got some breakdowns of what people's favorite chocolate

589
00:29:11,520 --> 00:29:13,760
Speaker 2: brands and non chocolate brands are for Easter. Okay, so

590
00:29:14,160 --> 00:29:17,320
Speaker 2: it's Cadbury. Really people really like Cadbury eggs.

591
00:29:17,320 --> 00:29:21,320
Speaker 13: They absolutely do you like them? Well a little bit,

592
00:29:21,440 --> 00:29:23,120
Speaker 13: I mean, I honest, be honest.

593
00:29:23,600 --> 00:29:24,600
Speaker 14: So it's funny.

594
00:29:24,320 --> 00:29:28,200
Speaker 13: Because I actually brought some, you know, Cadberry eggs for

595
00:29:28,520 --> 00:29:31,000
Speaker 13: the associates here in the department and those who are

596
00:29:31,040 --> 00:29:33,320
Speaker 13: the first ones to really ze.

597
00:29:33,480 --> 00:29:35,640
Speaker 14: So apparently they're very famous.

598
00:29:35,240 --> 00:29:38,040
Speaker 2: All right, America. I mean, not my favorite, but to

599
00:29:38,120 --> 00:29:42,680
Speaker 2: each his own. Next is Reese's Hershey Dove, Eminem's Jeered Delly,

600
00:29:42,720 --> 00:29:45,120
Speaker 2: which is like, I'm kind of fancy chocolate. Oh, and

601
00:29:45,200 --> 00:29:47,560
Speaker 2: Kinder Eggs. We used to live in Germany where those

602
00:29:47,600 --> 00:29:49,800
Speaker 2: are from Kinder Eggs are really popular. And then for

603
00:29:49,960 --> 00:29:52,960
Speaker 2: non chocolate brands, we've got jelly belly. Now, those are

604
00:29:52,960 --> 00:29:55,040
Speaker 2: my favorite. Those like they come out once a year.

605
00:29:55,080 --> 00:29:57,360
Speaker 2: They have those carrots full of tangerine jelly bellies. If

606
00:29:57,400 --> 00:30:00,600
Speaker 2: you have those, oh yes, yes, they're good. They're the best.

607
00:30:00,640 --> 00:30:04,600
Speaker 2: I can't stop eating them. Peeps. I'm not convinced anybody.

608
00:30:04,240 --> 00:30:06,600
Speaker 14: Really likes peeps. Peeps, well not really.

609
00:30:06,720 --> 00:30:09,680
Speaker 2: No, They're like one of those things you feel like

610
00:30:09,680 --> 00:30:11,040
Speaker 2: you have to put in the easter basket.

611
00:30:11,120 --> 00:30:13,040
Speaker 14: But then they but they're a forty one percent of

612
00:30:13,160 --> 00:30:14,480
Speaker 14: the market share.

613
00:30:14,480 --> 00:30:16,640
Speaker 2: I think it's an aesthetics thing. I think they're just

614
00:30:16,720 --> 00:30:18,520
Speaker 2: like cute and people want to like them, and then

615
00:30:18,520 --> 00:30:20,320
Speaker 2: they just taste like sugar. Sorry, peeps, I know I'm

616
00:30:20,320 --> 00:30:22,240
Speaker 2: going to get like canceled for my candy. Hate so

617
00:30:22,280 --> 00:30:24,040
Speaker 2: our patch kids. I didn't know that. I don't with

618
00:30:24,040 --> 00:30:27,000
Speaker 2: an easter candy. Star Wars. How do you feel about

619
00:30:27,000 --> 00:30:27,320
Speaker 2: Star Wars?

620
00:30:27,400 --> 00:30:27,520
Speaker 11: Oh?

621
00:30:27,640 --> 00:30:29,840
Speaker 14: Well, I mean they're good. Some of them are. I

622
00:30:29,960 --> 00:30:30,560
Speaker 14: like the cherry.

623
00:30:30,600 --> 00:30:33,080
Speaker 2: Are you're pro Star Wars? Well, let's just say it's okay. Skittle,

624
00:30:33,160 --> 00:30:36,920
Speaker 2: Swedish fish and nerds. Oh that's really interesting. And then

625
00:30:36,920 --> 00:30:39,000
Speaker 2: when it comes to overall what people are going to

626
00:30:39,280 --> 00:30:42,800
Speaker 2: buy this Easter candies at the top ninety two percent,

627
00:30:42,800 --> 00:30:45,600
Speaker 2: so they're gonna buy candy. Food is at ninety percent.

628
00:30:45,680 --> 00:30:47,280
Speaker 2: What are the other things that people are going to buy?

629
00:30:48,040 --> 00:30:52,520
Speaker 13: So they're actually going to buy greening carts and decorations,

630
00:30:52,520 --> 00:30:55,160
Speaker 13: so those are like, yes, they want to be on

631
00:30:55,200 --> 00:30:58,480
Speaker 13: the unaffestive mode. And you know, like I said, like

632
00:30:59,040 --> 00:31:01,560
Speaker 13: I said on the note is you know, ninety percent

633
00:31:01,600 --> 00:31:04,120
Speaker 13: of people are going to celebrate Easter, so it's a

634
00:31:04,160 --> 00:31:05,920
Speaker 13: significant holiday for it.

635
00:31:06,000 --> 00:31:08,440
Speaker 2: But you say flowers are only forty six percent. I

636
00:31:08,480 --> 00:31:10,520
Speaker 2: know we're not buying flowers. I don't you have to

637
00:31:10,520 --> 00:31:11,840
Speaker 2: give Grandma flowers at Easter?

638
00:31:12,200 --> 00:31:15,520
Speaker 13: Well, I guess it's because they die soon enough, so

639
00:31:16,560 --> 00:31:17,360
Speaker 13: and they're expensive.

640
00:31:17,440 --> 00:31:18,920
Speaker 2: I mean, flowers are also one of the things that

641
00:31:18,920 --> 00:31:21,120
Speaker 2: I've noticed, I've really gone up, all right. I was

642
00:31:21,160 --> 00:31:23,760
Speaker 2: reading through this essay of yours here and it also

643
00:31:23,920 --> 00:31:27,640
Speaker 2: says that it's not just kids getting to enjoy Easter baskets.

644
00:31:27,840 --> 00:31:30,440
Speaker 2: A Ferrero survey I'm assuming that's for a Rochet that

645
00:31:30,480 --> 00:31:33,440
Speaker 2: again in Fancy Chocolates found that sixty six percent of

646
00:31:33,480 --> 00:31:36,680
Speaker 2: respondents think adults deserve an Easter basket as much as

647
00:31:36,760 --> 00:31:40,240
Speaker 2: kids twenty eight percent. By Easter candy specifically for themselves

648
00:31:40,480 --> 00:31:43,640
Speaker 2: guilty as charge, and sixty four percent, as you already mentioned,

649
00:31:43,720 --> 00:31:46,400
Speaker 2: planned to buy candy on sale the day after Easter.

650
00:31:46,600 --> 00:31:49,760
Speaker 2: I mean, adulthood is hard. Kids have it easy. Don't

651
00:31:49,800 --> 00:31:50,920
Speaker 2: we deserve an Easter basket?

652
00:31:51,080 --> 00:31:55,120
Speaker 14: That's what sixty six percent of people of saying. And

653
00:31:55,160 --> 00:31:55,920
Speaker 14: I agree.

654
00:31:56,040 --> 00:31:58,800
Speaker 13: You know, you have to celebrate as much as possible,

655
00:31:59,360 --> 00:32:01,880
Speaker 13: bring some joy to your life. But uh, and this,

656
00:32:02,640 --> 00:32:06,160
Speaker 13: you know, going back to the sales forecast, is actually

657
00:32:06,480 --> 00:32:09,640
Speaker 13: it is a tail wind for sales because there's obviously

658
00:32:09,720 --> 00:32:13,560
Speaker 13: more demand for the candy, but again they are probably

659
00:32:13,680 --> 00:32:15,960
Speaker 13: a lot of them are waiting for the next day

660
00:32:16,040 --> 00:32:18,920
Speaker 13: to to get it in promotions, and even right now,

661
00:32:19,040 --> 00:32:21,640
Speaker 13: if you walk the aisles, which I tend to do

662
00:32:21,720 --> 00:32:24,160
Speaker 13: when I visit a grocery store, I don't know how

663
00:32:24,200 --> 00:32:25,320
Speaker 13: sad that makes me, but.

664
00:32:26,160 --> 00:32:27,800
Speaker 2: I don't think that makes you said at all. I'm

665
00:32:27,840 --> 00:32:29,480
Speaker 2: looking for sales, we're looking for good things.

666
00:32:29,480 --> 00:32:31,840
Speaker 13: Well, and I also, you know, I channel checks, so

667
00:32:31,920 --> 00:32:35,120
Speaker 13: that is I noticed that, you know, there's more promotions

668
00:32:35,160 --> 00:32:38,160
Speaker 13: for the Eastern candy, so you know, there seems to

669
00:32:38,200 --> 00:32:41,600
Speaker 13: be a lot of eagerness to move inventory, and that

670
00:32:41,720 --> 00:32:45,479
Speaker 13: is obviously going to be the headwind for the season.

671
00:32:45,720 --> 00:32:47,360
Speaker 2: So when you look at the industry as a whole,

672
00:32:47,440 --> 00:32:50,880
Speaker 2: I mean sales are down, are they down a concerning amount?

673
00:32:50,960 --> 00:32:52,480
Speaker 2: Is this really a problem? Do you think it's a

674
00:32:52,480 --> 00:32:54,040
Speaker 2: bell weather for the industry or I.

675
00:32:54,040 --> 00:32:58,000
Speaker 13: Would say, actually, you know, basically our base case in

676
00:32:58,120 --> 00:33:01,920
Speaker 13: area calls for a five percent you know drop. But

677
00:33:02,440 --> 00:33:07,280
Speaker 13: if things are, if people pull back more than what

678
00:33:07,320 --> 00:33:09,600
Speaker 13: they used to what they normally do, we're probably going

679
00:33:09,680 --> 00:33:12,640
Speaker 13: to see a nine percent decreasing Easter candy sale.

680
00:33:13,080 --> 00:33:14,240
Speaker 14: And that is significant.

681
00:33:14,280 --> 00:33:16,360
Speaker 2: That's pretty significant. That is I mean, I would imagine

682
00:33:16,400 --> 00:33:19,000
Speaker 2: there are other holidays. It's Christmas is big. I mean,

683
00:33:19,000 --> 00:33:21,680
Speaker 2: I guess Halloween is like the big candy time. So

684
00:33:21,840 --> 00:33:23,320
Speaker 2: we have to wait until then to see if they

685
00:33:23,360 --> 00:33:24,239
Speaker 2: can rebound from this.

686
00:33:24,480 --> 00:33:27,000
Speaker 13: Well, I mean Eastern will be I will call it

687
00:33:27,000 --> 00:33:30,120
Speaker 13: about weather for the you know, at least the summer

688
00:33:30,160 --> 00:33:34,120
Speaker 13: months and how you know, the industry will will you know,

689
00:33:34,680 --> 00:33:38,040
Speaker 13: will behave in terms of candy sales as overall. But yeah,

690
00:33:38,040 --> 00:33:42,520
Speaker 13: this is a significant you know, it's holiday for the season.

691
00:33:42,560 --> 00:33:46,000
Speaker 13: It's about ten percent of candy cells for the US.

692
00:33:46,040 --> 00:33:48,400
Speaker 2: So they'll tell you it will help you industry out.

693
00:33:48,440 --> 00:33:50,000
Speaker 2: I'll get you an easter basket. You can get me

694
00:33:50,040 --> 00:33:52,600
Speaker 2: an easter basket. Sounds good and will be participating. That's

695
00:33:53,360 --> 00:33:55,800
Speaker 2: I agree, you know, for the good of the economy, Yes, exactly,

696
00:33:55,840 --> 00:33:58,320
Speaker 2: we have to do it for the economy. Dana, thank

697
00:33:58,320 --> 00:34:00,120
Speaker 2: you so much for coming and we really appreciate it.

698
00:34:00,240 --> 00:34:03,000
Speaker 2: Of course, you could read more of this awesome analysis

699
00:34:03,000 --> 00:34:06,120
Speaker 2: on the Terminal and Bloomberg dot com. I have jelly bean.

700
00:34:06,200 --> 00:34:09,120
Speaker 7: Wow, jelly bean. Yeah, well, Jellybelly, as you said, were

701
00:34:09,160 --> 00:34:10,480
Speaker 7: among your favorites right now.

702
00:34:11,640 --> 00:34:12,120
Speaker 2: Jellybean.

703
00:34:12,320 --> 00:34:15,319
Speaker 5: That's great, But the peeps people are being a little

704
00:34:15,320 --> 00:34:16,160
Speaker 5: weird about the peeps.

705
00:34:16,200 --> 00:34:18,080
Speaker 7: It's like it's the candy corn of Easter.

706
00:34:18,280 --> 00:34:19,400
Speaker 2: Yes, that is a good anouncer.

707
00:34:19,600 --> 00:34:22,200
Speaker 7: They get no respect, but they're mandatory.

708
00:34:23,200 --> 00:34:23,560
Speaker 2: About me.

709
00:34:24,080 --> 00:34:24,400
Speaker 7: Lisa.

710
00:34:24,480 --> 00:34:25,799
Speaker 2: You were just saying, how old are your kids?

711
00:34:25,840 --> 00:34:27,719
Speaker 4: And you got them mine eighteen and twenty three, and

712
00:34:27,760 --> 00:34:29,160
Speaker 4: I still get them easter baskets.

713
00:34:29,800 --> 00:34:33,040
Speaker 7: You know, it's different. They wake up and they wake up.

714
00:34:33,080 --> 00:34:36,080
Speaker 4: It's there, but it's like now it's like beauty products,

715
00:34:36,200 --> 00:34:39,800
Speaker 4: shaved kids, tattoo cream like all that kind of like

716
00:34:40,160 --> 00:34:43,920
Speaker 4: that's what it's transitioned. To stay with us for more

717
00:34:44,200 --> 00:34:45,880
Speaker 4: on Bloomberg. This weekend.

718
00:34:46,280 --> 00:34:59,720
Speaker 15: Right after this, Welcome back to Bloomberg.

719
00:34:59,760 --> 00:35:03,160
Speaker 2: This week it is time for Pointed the Pointed News Quiz,

720
00:35:03,200 --> 00:35:05,840
Speaker 2: where I try to defend my title, but Joe Matthew

721
00:35:05,840 --> 00:35:06,960
Speaker 2: knows everything, so I don't know.

722
00:35:07,520 --> 00:35:08,800
Speaker 7: You're about to learn otherwise.

723
00:35:08,880 --> 00:35:10,600
Speaker 2: All right, we're gonna learn how to do this because

724
00:35:10,600 --> 00:35:11,600
Speaker 2: you're new. So Lisa's gonna run.

725
00:35:12,000 --> 00:35:13,560
Speaker 4: Okay, So let me explain it. This is a game

726
00:35:13,600 --> 00:35:14,920
Speaker 4: for risk takers, are you right?

727
00:35:15,000 --> 00:35:16,319
Speaker 7: Absolutely, I'm known as one.

728
00:35:16,560 --> 00:35:17,600
Speaker 2: Okay, good, good, good, okay.

729
00:35:17,600 --> 00:35:18,320
Speaker 14: So you're going to join it.

730
00:35:18,760 --> 00:35:19,040
Speaker 7: Okay.

731
00:35:19,080 --> 00:35:21,680
Speaker 4: So there are three categories I'm going to give you.

732
00:35:21,680 --> 00:35:23,279
Speaker 4: You have thirty chips in front of you. They're in

733
00:35:23,320 --> 00:35:26,600
Speaker 4: three different you know sections here. You place your bets

734
00:35:26,680 --> 00:35:29,400
Speaker 4: on each category, thinking, you know what, I feel confident

735
00:35:29,400 --> 00:35:31,239
Speaker 4: in this one. I'm gonna stay with ten or maybe

736
00:35:31,239 --> 00:35:33,840
Speaker 4: on you invent No, I did not. It's on Bloomberg

737
00:35:34,000 --> 00:35:34,520
Speaker 4: dot com.

738
00:35:34,560 --> 00:35:35,640
Speaker 14: You have to go check it out.

739
00:35:35,719 --> 00:35:37,239
Speaker 2: Well, you can play along at home.

740
00:35:37,320 --> 00:35:39,600
Speaker 7: Okay, I thought you invented it for Bloomberg. I did not.

741
00:35:40,200 --> 00:35:43,200
Speaker 2: I'm not that gifted. We crip it from our brilliant

742
00:35:43,200 --> 00:35:44,720
Speaker 2: colleagues over in the Games department.

743
00:35:45,080 --> 00:35:46,480
Speaker 4: LISTA what are the top all right, So let's get

744
00:35:46,480 --> 00:35:47,319
Speaker 4: to the categories first.

745
00:35:47,320 --> 00:35:47,520
Speaker 14: Okay.

746
00:35:47,560 --> 00:35:52,680
Speaker 4: So the first category is resignations. The second category is wearables.

747
00:35:53,120 --> 00:35:56,520
Speaker 4: The third category is food and beverage. If we need,

748
00:35:56,560 --> 00:36:00,000
Speaker 4: we have a bonus. But we'll see to that it does,

749
00:36:00,160 --> 00:36:01,520
Speaker 4: it has, but we still tied.

750
00:36:01,920 --> 00:36:03,640
Speaker 2: Yeah, okay, so place your bets.

751
00:36:03,960 --> 00:36:05,200
Speaker 4: Are you going ten each? What do you?

752
00:36:05,200 --> 00:36:06,799
Speaker 2: What do you Okay, I'm going to do five on

753
00:36:06,920 --> 00:36:08,960
Speaker 2: resignations because there's been a lot of names in that

754
00:36:09,000 --> 00:36:12,040
Speaker 2: category recently, and I'm splitting. I'm not okay, well, slip,

755
00:36:12,080 --> 00:36:12,279
Speaker 2: I won't.

756
00:36:13,000 --> 00:36:16,480
Speaker 7: What do we want to make this? Okay, I'm here

757
00:36:16,840 --> 00:36:18,560
Speaker 7: spread it out. Ten on all three?

758
00:36:18,800 --> 00:36:19,920
Speaker 4: Okay, ten on all three.

759
00:36:21,360 --> 00:36:24,760
Speaker 15: Take those we have here for.

760
00:36:23,760 --> 00:36:26,680
Speaker 4: For you to write your your your answer. Okay, let

761
00:36:26,680 --> 00:36:28,920
Speaker 4: me give you your first question for our first category,

762
00:36:28,920 --> 00:36:29,920
Speaker 4: which is resignations.

763
00:36:30,040 --> 00:36:31,280
Speaker 2: Okay, here's your question. Okay.

764
00:36:31,520 --> 00:36:35,399
Speaker 4: Air Canada CEO stepping down after his response lea.

765
00:36:36,400 --> 00:36:38,080
Speaker 7: I'm not gonna okay, hold on, hold.

766
00:36:37,960 --> 00:36:41,160
Speaker 4: On, give you give yourself some credit, stepping down after

767
00:36:41,200 --> 00:36:44,680
Speaker 4: his response to a deadly runway collision which faux.

768
00:36:44,400 --> 00:36:45,760
Speaker 2: Pop did he commit?

769
00:36:46,239 --> 00:36:50,360
Speaker 4: What did he do wrong that caused him to step down?

770
00:36:54,440 --> 00:36:54,800
Speaker 7: Really?

771
00:36:55,040 --> 00:36:56,400
Speaker 4: What did you think?

772
00:36:56,560 --> 00:36:57,759
Speaker 14: What do you think I.

773
00:36:57,719 --> 00:36:59,879
Speaker 2: Thought it was gonna be a Pam BONDI question.

774
00:37:01,000 --> 00:37:02,319
Speaker 4: And then you like how we have the music to

775
00:37:02,360 --> 00:37:04,759
Speaker 4: soothe you as as you go along there. Joe, Oh,

776
00:37:04,800 --> 00:37:05,840
Speaker 4: he's writing furiously.

777
00:37:06,480 --> 00:37:09,600
Speaker 2: I have a good feeling about I don't know what

778
00:37:09,640 --> 00:37:10,680
Speaker 2: he's writing his vernie hand.

779
00:37:10,719 --> 00:37:12,960
Speaker 4: Rightfully, You folks at home have got it. It's okay, Joe,

780
00:37:13,000 --> 00:37:15,080
Speaker 4: we only have like re read flip it, Joe, what

781
00:37:15,120 --> 00:37:17,919
Speaker 4: do you got? He moved his what his seat back?

782
00:37:21,360 --> 00:37:23,760
Speaker 2: About tweet on Twitter?

783
00:37:24,200 --> 00:37:28,839
Speaker 4: He made his statement in mostly English, so think about

784
00:37:29,520 --> 00:37:33,320
Speaker 4: French as well. So okay, so what was this major?

785
00:37:33,440 --> 00:37:34,120
Speaker 2: Yes, Quebec.

786
00:37:34,160 --> 00:37:36,840
Speaker 4: They were not happy because you's a French ongoing political issue.

787
00:37:36,840 --> 00:37:42,640
Speaker 2: So yeah, exactly what they know? This you have to

788
00:37:42,640 --> 00:37:43,440
Speaker 2: say in both language.

789
00:37:43,440 --> 00:37:43,879
Speaker 7: Everyone else?

790
00:37:44,040 --> 00:37:44,840
Speaker 2: Yeah, so lisagains.

791
00:37:44,920 --> 00:37:46,719
Speaker 4: So I get you have to pass them over to me.

792
00:37:46,920 --> 00:37:47,800
Speaker 14: I get your chips.

793
00:37:48,200 --> 00:37:51,520
Speaker 2: See all right, I'm gonna get some, Okay, next one.

794
00:37:52,040 --> 00:37:55,359
Speaker 4: The next one is Warrible's Google developing a fitness band

795
00:37:55,360 --> 00:37:58,239
Speaker 4: to compete with Aura, and which other brand that's on

796
00:37:58,320 --> 00:38:01,600
Speaker 4: its way to an IPO. So Google is developing a

797
00:38:01,600 --> 00:38:04,480
Speaker 4: fitness band, It's going to compete with Aura, and which

798
00:38:04,760 --> 00:38:07,480
Speaker 4: other brand that's on its way to an I p O.

799
00:38:07,640 --> 00:38:10,160
Speaker 7: I knew this would be my week spot here. I

800
00:38:10,160 --> 00:38:12,520
Speaker 7: don't think either of us are another brand, whole other brand.

801
00:38:12,680 --> 00:38:15,080
Speaker 4: Yes, that's on its way to an I p O.

802
00:38:15,400 --> 00:38:16,359
Speaker 2: Thirty seconds.

803
00:38:16,880 --> 00:38:20,080
Speaker 7: Oh, I don't think any I only know one. I'm

804
00:38:20,280 --> 00:38:24,000
Speaker 7: putting the only one I know. Yeah, same, What are

805
00:38:24,000 --> 00:38:24,840
Speaker 7: they around anymore?

806
00:38:25,200 --> 00:38:28,560
Speaker 15: You're both wrong? The garment is what is a wolf?

807
00:38:28,640 --> 00:38:28,799
Speaker 2: Yes?

808
00:38:28,920 --> 00:38:31,359
Speaker 4: Okay, okay, they plan to release it later this year,

809
00:38:31,600 --> 00:38:33,560
Speaker 4: but who no, they they're going for an I p

810
00:38:33,680 --> 00:38:37,200
Speaker 4: O pretty soon. And the reason why it's so big

811
00:38:37,320 --> 00:38:39,719
Speaker 4: is because Chase credit Card did like a rebate with

812
00:38:39,760 --> 00:38:42,480
Speaker 4: their fitness band, so so many people started to get

813
00:38:42,480 --> 00:38:44,880
Speaker 4: so you could get into these Yes, so that was

814
00:38:44,880 --> 00:38:45,440
Speaker 4: a big drawing.

815
00:38:45,480 --> 00:38:53,960
Speaker 2: All right, we've had a long going okay, well, food

816
00:38:54,000 --> 00:38:54,800
Speaker 2: and beverage, man, we got this.

817
00:38:55,320 --> 00:38:57,120
Speaker 7: Got I was going to go all in on this one.

818
00:38:57,120 --> 00:38:59,359
Speaker 2: You got em. That's what we're doing, both of those

819
00:38:59,400 --> 00:39:01,840
Speaker 2: things Togetherlast night before about that.

820
00:39:02,160 --> 00:39:05,680
Speaker 4: Food and beverage, Unilabor agreed to sell its food business

821
00:39:05,760 --> 00:39:08,920
Speaker 4: to which company in a forty four point eight billion

822
00:39:09,120 --> 00:39:09,960
Speaker 4: dollars deal.

823
00:39:10,400 --> 00:39:11,120
Speaker 1: Do you yes?

824
00:39:11,560 --> 00:39:12,080
Speaker 6: I know what?

825
00:39:12,280 --> 00:39:13,400
Speaker 14: This was a good story.

826
00:39:13,960 --> 00:39:15,759
Speaker 15: Yes, well now I think I know I think I

827
00:39:15,840 --> 00:39:16,040
Speaker 15: know it.

828
00:39:16,120 --> 00:39:17,440
Speaker 7: I think I even read it on the air. I

829
00:39:17,480 --> 00:39:18,960
Speaker 7: don't remember the headline.

830
00:39:18,520 --> 00:39:22,400
Speaker 15: Though, the big corporate food giants think about it.

831
00:39:22,920 --> 00:39:25,560
Speaker 7: Okay, food business. I'm just putting this to be funny

832
00:39:25,600 --> 00:39:27,000
Speaker 7: because we had chocolate.

833
00:39:27,000 --> 00:39:30,520
Speaker 4: You did, Okay, you said her, she's Sancisco. No McCormick,

834
00:39:30,719 --> 00:39:35,920
Speaker 4: all right, well yes, yes, yes, it's the spice maker with.

835
00:39:36,000 --> 00:39:38,960
Speaker 2: You many other mccormy. No one else is merging with Cisco.

836
00:39:39,120 --> 00:39:41,840
Speaker 2: That you, guys, thank you, was restaurant depot was merging

837
00:39:41,880 --> 00:39:43,960
Speaker 2: with Cisco. Thank you, Patrick, and our control room for

838
00:39:44,239 --> 00:39:44,760
Speaker 2: you guys.

839
00:39:44,640 --> 00:39:46,120
Speaker 14: You know you have zero points.

840
00:39:46,440 --> 00:39:47,960
Speaker 2: You know what's on the holiday. Here's what we're gonna do.

841
00:39:48,000 --> 00:39:49,120
Speaker 2: We're gonna go for a bonus.

842
00:39:49,239 --> 00:39:52,359
Speaker 4: Okay, and whoever guess it gets all the chips, I'm

843
00:39:52,400 --> 00:39:54,279
Speaker 4: going for it. Okay, that's what we're doing already at

844
00:39:54,400 --> 00:39:56,839
Speaker 4: least rules Now you're both losersdy, we're going to try

845
00:39:56,880 --> 00:39:57,680
Speaker 4: to redeem ourselves.

846
00:39:58,520 --> 00:39:59,120
Speaker 2: Okay, Okay.

847
00:39:59,480 --> 00:40:05,640
Speaker 4: The bonus question is candy okay, which Hershey brand was

848
00:40:05,760 --> 00:40:10,600
Speaker 4: called out by its namesake founder's band son for skimping

849
00:40:10,800 --> 00:40:14,480
Speaker 4: on ingredients. Yes, wait, what happens if there's a tie,

850
00:40:15,400 --> 00:40:17,560
Speaker 4: then then you get candy to both of you.

851
00:40:19,719 --> 00:40:25,279
Speaker 15: Seconds ready, yes, all right?

852
00:40:25,719 --> 00:40:26,920
Speaker 7: Do I get to come back tomorrow?

853
00:40:27,000 --> 00:40:29,239
Speaker 4: You you get to come back to Wind and you

854
00:40:29,320 --> 00:40:31,359
Speaker 4: get all your chips back and you get and don't

855
00:40:32,200 --> 00:40:34,640
Speaker 4: you don't have to eat one because you did not lose,

856
00:40:34,960 --> 00:40:37,560
Speaker 4: So that was going to be the thing we're.

857
00:40:37,280 --> 00:40:44,920
Speaker 16: Gonna have to eat, all right, guys, Joe Matthew Yah,

858
00:40:44,960 --> 00:40:47,680
Speaker 16: So tomorrow we'll have multiple choice correct no, but play

859
00:40:47,719 --> 00:40:48,000
Speaker 16: at home.

860
00:40:48,040 --> 00:40:50,040
Speaker 4: Bloomberg dot Com slash pointed.

861
00:40:52,040 --> 00:40:54,920
Speaker 2: Thanks for joining us on today's Bloomberg This Weekend podcast.

862
00:40:55,120 --> 00:40:57,319
Speaker 2: Don't forget to tune in live for the show every

863
00:40:57,400 --> 00:40:59,920
Speaker 2: Saturday and Sunday morning, starting at seven am Eastern.

864
00:41:00,120 --> 00:41:03,080
Speaker 3: We're on Bloomberg Television Radio and the Bloomberg Business App,

865
00:41:03,239 --> 00:41:07,320
Speaker 3: bringing you unique takes and in depth interviews on news, politics, lifestyle,

866
00:41:07,480 --> 00:41:08,040
Speaker 3: and culture.