WEBVTT - Airman Missing After US F-15 Fighter Jet Shot Down in Iran

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

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<v Speaker 2>Some very troubling news with this fighter pilot down and

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<v Speaker 2>Iran still missing, the Iranian government, a provincial governor is

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<v Speaker 2>apparently offering a sixty six thousand dollars rewards of citizens

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<v Speaker 2>who quote capture the pilot alive.

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<v Speaker 5>Imagine the urgency of what's taking place on the ground

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<v Speaker 5>right now. And we'll remind everybody that when President Trump

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<v Speaker 5>delivered his primetime address to the nation just a couple

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<v Speaker 5>of nights ago, he said that Iran no longer had

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<v Speaker 5>any anti aircraft equipment, that we had won the skies,

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<v Speaker 5>and this is a difficult reminder that we have more

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<v Speaker 5>wood to chop here with a lot of missiles and

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<v Speaker 5>a lot of launchers in Iran that are still left.

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<v Speaker 2>There were also increased strikes in the United Emirates overnight.

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<v Speaker 2>UA said it detected sixty nine projectiles fight fired from

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<v Speaker 2>Iran Friday, including forty seven drones and eighteen ballistic missiles.

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<v Speaker 5>Well, well, we've got some great voices to talk to

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<v Speaker 5>us about this, all right.

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<v Speaker 2>We want to bring in Mark Apudo. He's AXIO senior

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

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<v Speaker 2>and Brigader General Mark Kimmitt, He's former Assistant Sectuary Estate

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<v Speaker 2>for Political Military affairs. Thank you all so much for

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<v Speaker 2>joining us. Mark, first, I want to start with you

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<v Speaker 2>because President Trump spoke to NBC very briefly and said

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<v Speaker 2>the situation with the down pilot doesn't alter negotiations with

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<v Speaker 2>Iran or the trajectory of this war. What's your take

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<v Speaker 2>on that.

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<v Speaker 6>Well, he's saying when he feels he has to, but

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<v Speaker 6>we have no fa and says to what's going to

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<v Speaker 6>happen if the pilot is killed or the crew member

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<v Speaker 6>I should say, if the crew member is held hostage,

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<v Speaker 6>or if the crew member is rescued three very different

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<v Speaker 6>scenarios that can affect very differently how Iran deals with

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<v Speaker 6>the United States and therefore how the United States deals

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<v Speaker 6>with Iran. Trump has benefited from these reporter calls where

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<v Speaker 6>he kind of says nothing or sort of delivers the

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<v Speaker 6>same message he says on truth social and there's not

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<v Speaker 6>much pushback, and so here he's sort of being given

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<v Speaker 6>that advantage. But the reality is this is that the

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<v Speaker 6>White House yesterday was expecting that it was good Friday,

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<v Speaker 6>people were going to be in and out of the

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<v Speaker 6>office pretty quickly and they'd be out by mid morning.

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<v Speaker 6>And instead what wound up happening was this, and there

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<v Speaker 6>was an all day meetings in the White House in

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<v Speaker 6>the Situation Room. President was and rightfully so, very concerned,

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<v Speaker 6>and there's a lot of worry. There is some indications

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<v Speaker 6>that there might be some sort of special operators in

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<v Speaker 6>the United States on the ground assisting in the search,

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

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<v Speaker 6>marks a real major turning point in the way in

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

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<v Speaker 6>while the United States does have a lot of air superiority,

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

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<v Speaker 6>and in this case, thinking that the United States did

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<v Speaker 6>help lead to this pilot bank shot down.

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<v Speaker 5>General Kimmitt, we'd love to hear from you on both

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<v Speaker 5>ends of this search. First, the actual search and rescue

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<v Speaker 5>operation that's underway right now, whether it includes boots on

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<v Speaker 5>the ground or the C one thirties and helicopters that

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<v Speaker 5>we saw video.

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<v Speaker 7>Of over the weekend. But also what is this pilot

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<v Speaker 7>going through.

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<v Speaker 5>These are of course very well trained men and women

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<v Speaker 5>for an instance like this, talk to us about the

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<v Speaker 5>seer training that they are putting into place.

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

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<v Speaker 8>very very specialized course given of pilots and in some

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<v Speaker 8>cases other special operations forces. They go through a couple

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<v Speaker 8>of weeks of this exact type of scenario. You're on

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<v Speaker 8>the ground, your plane is crash, you're possibly injured, you

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<v Speaker 8>have nothing more than what you're carrying on yourself and

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<v Speaker 8>some communications. The first and most important thing is to,

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<v Speaker 8>as they say, learn to live like a bunny. In

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

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<v Speaker 8>You just don't try to be brave, try to hide,

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<v Speaker 8>try to find the right time to contact your rescue team.

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<v Speaker 8>But first and foremost, get yourself in a place where

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<v Speaker 8>you can't be found and don't attract anything other than

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<v Speaker 8>those aircraft that are coming to save you.

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<v Speaker 2>In general, when they eject, they don't eject together. They're

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<v Speaker 2>on two different parachutes. What is the protocol? Are they

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<v Speaker 2>supposed to find each other? Does it depend on the situation.

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<v Speaker 2>I know the big impetus is survive. What do you do?

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<v Speaker 2>Do you look for your other guy or do you

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<v Speaker 2>run and hide?

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<v Speaker 8>Or does it just depend Yeah, it just depends, as

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<v Speaker 8>you say. I mean, for example, if you've seen the

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<v Speaker 8>other parachute go down and it's near where you are,

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<v Speaker 8>you might want to try to link up. But typically

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<v Speaker 8>your first focus is on yourself. You don't do anything

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<v Speaker 8>to expose yourself. You may get over to your buddy

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<v Speaker 8>to make sure that he or she is not injured,

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<v Speaker 8>but it's got to be an independent action that the

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<v Speaker 8>individuals are taken. Because more people just bring in more,

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<v Speaker 8>attract more, attract more.

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<v Speaker 5>Yeah, Ethan Brauner, we know that Tehran is offering a reward,

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<v Speaker 5>as Christine mentioned sixty six thousand dollars to citizens who

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<v Speaker 5>capture the pilot alive. To what extent might this American

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<v Speaker 5>pilot run into friendly people on the ground.

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<v Speaker 9>Well, I wish I could really answer that with any authority. Look,

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<v Speaker 9>I mean, the Masaden has been offering beast rewards in

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<v Speaker 9>Iran two for a long time now, and some of

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<v Speaker 9>them are getting answered. I don't really know if the

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<v Speaker 9>sixty six thousand dollars is going to do it. I

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<v Speaker 9>think that this is a battle that isn't really fundamentally

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<v Speaker 9>about money, you know, it is about two cultures at

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<v Speaker 9>war with each other, and of course within around there's

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

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<v Speaker 9>you know, I think I would say that also in

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<v Speaker 9>the history of wars, you know, one down a crew

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

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<v Speaker 9>we don't really consider this to be a necessary war

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<v Speaker 9>most Americans, and therefore everything that happens seems like it's

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<v Speaker 9>going to knock the thing off over the edge, right.

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<v Speaker 2>And also maybe you know, I don't what is in

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<v Speaker 2>south western Iran. I mean, it's it's pretty rural. The

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<v Speaker 2>provincial governor is one of the people who's called to

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<v Speaker 2>this bounty, what's out there, who's out there, and where

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<v Speaker 2>could the dangers be.

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<v Speaker 9>I mean, I don't have any greater granular knowledge than

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<v Speaker 9>you do Southwestern around.

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<v Speaker 2>I'm sorry, no, I'm sorry to put you on the spot.

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<v Speaker 2>I just yeah, it's it's interesting to me because we've

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<v Speaker 2>seen from these other pilots there was another aircraft that

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<v Speaker 2>went down as well, and the pilot was able to

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<v Speaker 2>punch out and get to I think Kuwait and so

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

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<v Speaker 2>I don't know what the infrastructure is or even where

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<v Speaker 2>these pilots would be trying to go.

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<v Speaker 9>In Southwest around. Yeah.

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<v Speaker 10>Right.

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<v Speaker 5>You know, we've barely talked about the A ten Warthog

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<v Speaker 5>because there is not a search and rescue operation underway.

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<v Speaker 7>But Mark, this is a pretty big deal too.

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<v Speaker 5>We just added a number of these aircraft to the

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<v Speaker 5>region to help with strafing runs along the Strait and

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<v Speaker 5>be ready for whatever the President might be asking for.

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<v Speaker 5>Do we have any information on what caused this plane

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<v Speaker 5>to go down?

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<v Speaker 7>No, we don't.

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<v Speaker 6>One of the things that a lot of people point out,

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<v Speaker 6>which you know, it's the general there can talk about

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<v Speaker 6>more than I can, is the Aten Warhog is a

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<v Speaker 6>very old plane. I mean, my father was in the

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<v Speaker 6>Vietnam War and they were in service at that time,

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<v Speaker 6>and there have been moves by the Air Force periodically

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<v Speaker 6>to get rid of it. But it's sort of an

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<v Speaker 6>iconic airplane, in part because it flies slow enough and

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<v Speaker 6>fire so many rounds that it has a lot of advantage.

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<v Speaker 6>But nevertheless, whether it's mechanical or whether it was brought

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<v Speaker 6>down by enemy fes, I'm not quite sure, but we

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<v Speaker 6>shouldn't rule out the mechanical reasons for the reason stated

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<v Speaker 6>that is that these are variable airplanes.

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<v Speaker 2>General to that point. I was asking some military folks

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

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<v Speaker 2>still using the F fifteen, Why we're still using the Aten?

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<v Speaker 2>Maybe you can explain it a little bit, But I

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<v Speaker 2>was told that the F fifteen, excuse me, has almost

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<v Speaker 2>a perfect airframe, and there was actually an incident where

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<v Speaker 2>one of the wings was shot off and the plane

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<v Speaker 2>could still land. Is it because these planes are just workhorses.

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<v Speaker 2>They're around and they do get the job done. Why

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<v Speaker 2>are we still using these and what are they really

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<v Speaker 2>good at?

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<v Speaker 8>Well, first of all, I think you're referring to the

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<v Speaker 8>A ten, not to the F fifteen. The F fifteen

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<v Speaker 8>is a high performance aircraft, flies high flies fast, drops

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<v Speaker 8>precision munitions. The A ten came into use in the eighties.

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<v Speaker 8>It's a tank killer, has thirty millimeter gun on it,

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<v Speaker 8>which has depleted uranium rounds on it, and it was

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<v Speaker 8>built to stop the Soviet assault into Western Europe. It

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<v Speaker 8>is essentially a plane built around a gun, and as

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<v Speaker 8>you said, it is so sturdy you can brow a

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<v Speaker 8>wing off and still rand it. Very slow, very vulnerable.

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<v Speaker 8>But the pilot actually sits in a titanium bathtub because

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<v Speaker 8>he is expecting or she is expecting to get hit

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<v Speaker 8>by ground fire.

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<v Speaker 5>That thirty millimeter gun is about the size of a

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<v Speaker 5>Volkswagen bug inside the front of that airplane.

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<v Speaker 7>It's pretty remarkable, Ethan.

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<v Speaker 5>I'd like to ask you about Iran's offensive capabilities Beyond

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<v Speaker 5>what we saw in the shooting down of this airplane.

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<v Speaker 5>Iran is launching about twenty missiles a day at Israel,

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<v Speaker 5>firing one or two at a time. How long can

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<v Speaker 5>it continue this cadence?

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<v Speaker 7>Right?

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<v Speaker 9>This is a great question. I mean, the Israelis have

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<v Speaker 9>been saying for weeks now that they've taken out seventy

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<v Speaker 9>percent of the launchers and the vast majority of their

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<v Speaker 9>missiles ballistic missiles, and then of course every day we

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<v Speaker 9>see more of them still coming, and in smaller amounts,

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<v Speaker 9>as you said, one or two per volley, and therefore

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

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<v Speaker 9>to be able to stop them at all, and there's

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<v Speaker 9>a growing sense that they're able to repair them more

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<v Speaker 9>quickly than has been allegend. As we know, of course,

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<v Speaker 9>President Trump one day says one thing and one day

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

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<v Speaker 9>It's a enormous country, a ninety million people, and the

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<v Speaker 9>idea that somehow we are able to know exactly what's

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<v Speaker 9>going on across the entire region and all the launchers

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<v Speaker 9>seems unlikely. And this is a country that's been at

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<v Speaker 9>war on and off, you know, plenty, and is clearly

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<v Speaker 9>ready to suffer while it takes down in that asymmetrical

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<v Speaker 9>way against a bunch of a Western country that really

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<v Speaker 9>isn't entirely sure why it's there.

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<v Speaker 2>And speaking of that flip flopping mark, we have some

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<v Speaker 2>sound from the President over about how the objectives of

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<v Speaker 2>this warm we've heard from the administration. The messaging has

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<v Speaker 2>changed throughout the conflict. We're going to play that for.

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<v Speaker 10>You, going to hit them extremely hard over the next

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<v Speaker 10>two to three weeks. We're going to bring them back

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<v Speaker 10>to the stone ages where they belong in the meantime.

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<v Speaker 10>Discussions are ongoing. Regime change was not our goal. We

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<v Speaker 10>never said regime change, but regime change has occurred because

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<v Speaker 10>of all of their original leader's death. They're all dead.

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<v Speaker 10>The new group is less radical and much more reasonable.

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<v Speaker 2>Right, it's not regime change, but we got regime change.

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<v Speaker 2>The new group is less radical, which I think is

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<v Speaker 2>a source of quite vigorous debate on that. And we're

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<v Speaker 2>also hearing this familiar two week timeframe we were seeing earlier.

0:11:41.360 --> 0:11:43.439
<v Speaker 2>It's almost like when the airlines tell you, oh, twenty

0:11:43.440 --> 0:11:45.680
<v Speaker 2>more minutes, twenty more minutes. The White House just keeps saying, oh,

0:11:45.720 --> 0:11:48.040
<v Speaker 2>two more weeks, two more weeks. What's your take on

0:11:48.080 --> 0:11:51.280
<v Speaker 2>all this and how the messaging is impacting operations and

0:11:51.760 --> 0:11:53.200
<v Speaker 2>how people feel about this conflict.

0:11:53.960 --> 0:11:58.240
<v Speaker 6>Well, colleing Barackravine, myself in access we had written about

0:11:58.480 --> 0:12:03.040
<v Speaker 6>the complications of kind of understanding what the actual signal

0:12:03.120 --> 0:12:05.200
<v Speaker 6>versus the noises coming from the president, because it has

0:12:05.200 --> 0:12:07.600
<v Speaker 6>lots of things, some of them are contradictory to his

0:12:07.679 --> 0:12:09.600
<v Speaker 6>opponents and his critics, and this is just sort of

0:12:09.679 --> 0:12:13.600
<v Speaker 6>madness to his supporters and people in the White House.

0:12:13.600 --> 0:12:16.800
<v Speaker 6>This is part of a strategic genius keeping things ambiguous

0:12:16.840 --> 0:12:19.679
<v Speaker 6>and keeping everyone off balance. But I think it helps

0:12:19.679 --> 0:12:22.520
<v Speaker 6>to go back to the original February twenty eighth announcement

0:12:22.520 --> 0:12:24.640
<v Speaker 6>with the beginning of the war that Trump had made.

0:12:24.679 --> 0:12:27.720
<v Speaker 6>He laid out four goals that the US military would accomplish,

0:12:27.760 --> 0:12:31.840
<v Speaker 6>which is destroying the nuclear, missile, naval and terrorist proxy

0:12:31.920 --> 0:12:35.480
<v Speaker 6>funding capabilities of Iran. He then added another one, saying

0:12:35.480 --> 0:12:37.480
<v Speaker 6>that he hoped, essentially that the people of Ron rose

0:12:37.559 --> 0:12:39.839
<v Speaker 6>up and shook off the regime. So while he didn't

0:12:39.840 --> 0:12:42.240
<v Speaker 6>say we are going to do regime change, he made

0:12:42.280 --> 0:12:44.480
<v Speaker 6>it clear that the United States would like the.

0:12:44.559 --> 0:12:45.880
<v Speaker 7>Running people to do that.

0:12:46.400 --> 0:12:50.960
<v Speaker 6>Now, contrast that with the clip you just played, which

0:12:51.000 --> 0:12:53.480
<v Speaker 6>is the President of the United States is saying that

0:12:53.520 --> 0:12:55.199
<v Speaker 6>we're going to bomb them back to the Stone Age.

0:12:55.240 --> 0:12:57.760
<v Speaker 6>And that's a little different from sort of suggesting that

0:12:57.760 --> 0:13:00.480
<v Speaker 6>we want to help liberate the people of Iran. Originally,

0:13:00.480 --> 0:13:03.280
<v Speaker 6>we want to help liberate them from Prussian and now

0:13:03.320 --> 0:13:05.120
<v Speaker 6>we're possibly going to plunge them in a darkness and

0:13:05.160 --> 0:13:08.040
<v Speaker 6>destroy all their infrastructure and the electricity. Now it's not

0:13:08.040 --> 0:13:11.120
<v Speaker 6>that quite clear and simple, but it has heard that way,

0:13:11.200 --> 0:13:13.880
<v Speaker 6>and that speech caused the markets to plunge, which is

0:13:13.920 --> 0:13:15.480
<v Speaker 6>a nightmare scenario for the president.

0:13:15.480 --> 0:13:16.959
<v Speaker 7>It's something you didn't want to have happened.

0:13:17.360 --> 0:13:20.000
<v Speaker 5>Be watching the markets of course when they reopen after

0:13:20.040 --> 0:13:22.319
<v Speaker 5>this long weekend. And big thanks to our panel of

0:13:22.320 --> 0:13:24.560
<v Speaker 5>getting things started here, Marco Puto. Great to have you,

0:13:24.600 --> 0:13:28.000
<v Speaker 5>Ethan Bronner and retired General Mark Kimmitt. Just part of

0:13:28.040 --> 0:13:31.320
<v Speaker 5>our conversation today on Bloomberg this weekend.

0:13:31.360 --> 0:13:34.440
<v Speaker 4>Stay with us for more on Bloomberg this weekend.

0:13:34.840 --> 0:13:50.000
<v Speaker 2>Right after this, the White House is asking Congress for

0:13:50.080 --> 0:13:52.760
<v Speaker 2>one point five trillion dollars for defense for the twenty

0:13:52.840 --> 0:13:55.160
<v Speaker 2>twenty seven fiscal year. That would be the highest level

0:13:55.160 --> 0:13:58.199
<v Speaker 2>in modern history, any forty percent increase from what the

0:13:58.280 --> 0:14:00.440
<v Speaker 2>US spent on the Pentagon this year.

0:14:00.720 --> 0:14:03.480
<v Speaker 5>We're already at a trillion dollars this year. You see

0:14:03.480 --> 0:14:05.479
<v Speaker 5>what the President said on Wednesday, Christina.

0:14:05.720 --> 0:14:07.400
<v Speaker 2>The President has said a lot of things on Wednesday, Joe,

0:14:07.400 --> 0:14:08.360
<v Speaker 2>which which thing are.

0:14:08.200 --> 0:14:10.240
<v Speaker 5>We talking about it's not possible for us to take

0:14:10.280 --> 0:14:13.560
<v Speaker 5>care of daycare, medicaid, medicare all these individual things. We

0:14:13.640 --> 0:14:16.319
<v Speaker 5>have to take care of one thing, military protection.

0:14:17.960 --> 0:14:19.840
<v Speaker 2>We have to guard the country. He says, Well, I

0:14:19.880 --> 0:14:22.320
<v Speaker 2>know one individual who might have something to say about that,

0:14:22.400 --> 0:14:23.680
<v Speaker 2>and he is our next guest.

0:14:23.680 --> 0:14:26.280
<v Speaker 5>Democratic National Committee Chair Ken Martin is with us to

0:14:26.280 --> 0:14:28.640
<v Speaker 5>top our nine o'clock hour here on the East Coast

0:14:28.680 --> 0:14:31.520
<v Speaker 5>on Bloomberg this weekend. It's great to see you, mister Martin.

0:14:31.560 --> 0:14:33.840
<v Speaker 5>Welcome back to Bloomberg TV and Radio. I want to

0:14:33.880 --> 0:14:37.400
<v Speaker 5>ask you about a lot of things here, including the midterms,

0:14:37.440 --> 0:14:40.120
<v Speaker 5>but your thoughts on this when it comes to messaging

0:14:40.880 --> 0:14:43.400
<v Speaker 5>and Democrats who are on the campaign trail as we

0:14:43.440 --> 0:14:46.520
<v Speaker 5>speak with a Congress that is not in Washington. Is

0:14:46.560 --> 0:14:49.160
<v Speaker 5>this an ad that's already been written for you by

0:14:49.200 --> 0:14:49.720
<v Speaker 5>the president?

0:14:50.480 --> 0:14:54.080
<v Speaker 11>Well, certainly, I mean, of course, we've already started playing it.

0:14:54.120 --> 0:14:56.680
<v Speaker 11>We've already been pushing it out all throughout the country.

0:14:56.760 --> 0:14:59.560
<v Speaker 11>Because what a remarkable statement from a president of the

0:14:59.640 --> 0:15:02.960
<v Speaker 11>United States to suggest that the only thing that federal

0:15:03.000 --> 0:15:06.280
<v Speaker 11>government should be focused in on is of course, fighting

0:15:06.320 --> 0:15:09.640
<v Speaker 11>wars of choice around the world at an enormous expense,

0:15:09.920 --> 0:15:13.400
<v Speaker 11>at the expense of hard working Americans right now, who

0:15:13.400 --> 0:15:17.720
<v Speaker 11>are really struggling based on this disastrous economic policy that

0:15:17.960 --> 0:15:21.000
<v Speaker 11>Donald Trump has pushed over the course of this last year,

0:15:21.040 --> 0:15:23.600
<v Speaker 11>which is making it harder for people to already afford

0:15:23.640 --> 0:15:26.200
<v Speaker 11>their lives, and this war now of course making it

0:15:26.280 --> 0:15:29.400
<v Speaker 11>even more difficult. Look, the reality is is he's made

0:15:29.440 --> 0:15:32.480
<v Speaker 11>it very clear what his values are, and these are choices,

0:15:32.520 --> 0:15:36.360
<v Speaker 11>of course, and he's decided to pick fights around the

0:15:36.400 --> 0:15:41.280
<v Speaker 11>world and again to make it clear that people who

0:15:42.160 --> 0:15:45.120
<v Speaker 11>need child care in this country, people who are concerned

0:15:45.120 --> 0:15:48.200
<v Speaker 11>about the rising costs of groceries and the lack of

0:15:48.240 --> 0:15:51.640
<v Speaker 11>affordable housing, and the fact that they can barely afford

0:15:51.680 --> 0:15:56.960
<v Speaker 11>their utility costs or fill up their gas. You know,

0:15:57.200 --> 0:16:00.400
<v Speaker 11>the reality is is right now people are struggling. Donald

0:16:00.400 --> 0:16:02.840
<v Speaker 11>Trump is ignoring their cries for help.

0:16:03.760 --> 0:16:06.800
<v Speaker 2>When it comes to the midterms, what is the priority

0:16:06.800 --> 0:16:08.520
<v Speaker 2>for Democrats? Are you going to try to wrap this

0:16:08.560 --> 0:16:10.920
<v Speaker 2>all into one? I mean, the president ran on affordability,

0:16:11.160 --> 0:16:14.320
<v Speaker 2>gas prices are going up. How are Democrats planning to

0:16:14.440 --> 0:16:18.080
<v Speaker 2>capitalize and message on that? Because sometimes the messaging is

0:16:18.400 --> 0:16:21.440
<v Speaker 2>not your party's forte, but there is a lot there

0:16:21.520 --> 0:16:23.600
<v Speaker 2>to do. How are you going to make this happen

0:16:23.680 --> 0:16:24.200
<v Speaker 2>for your party.

0:16:24.400 --> 0:16:26.680
<v Speaker 11>Well, listen, I would say if you look at the

0:16:26.800 --> 0:16:30.160
<v Speaker 11>last year, we have had tremendous success. We've won over

0:16:30.240 --> 0:16:32.960
<v Speaker 11>ninety percent of the elections on the ballot, historic over

0:16:33.040 --> 0:16:36.480
<v Speaker 11>performance which was just about fourteen percentage points on average,

0:16:36.480 --> 0:16:38.760
<v Speaker 11>which is an all time high. And the through line

0:16:39.040 --> 0:16:41.640
<v Speaker 11>on that is that all of our Canada that's focused

0:16:42.280 --> 0:16:47.080
<v Speaker 11>almost exclusively on affordability, making sure that we address the

0:16:47.560 --> 0:16:50.720
<v Speaker 11>anxiety of this nation right now, which is really around

0:16:50.880 --> 0:16:54.320
<v Speaker 11>the economy. Many Americans are falling behind and no one

0:16:54.360 --> 0:16:56.760
<v Speaker 11>feels like this economy is working for them right now.

0:16:56.760 --> 0:16:58.920
<v Speaker 11>And so as we go into these last two hundred

0:16:58.920 --> 0:17:01.920
<v Speaker 11>and fourteen days left until the midterm election, we're going

0:17:01.960 --> 0:17:05.840
<v Speaker 11>to focus on three really important things. One is, of course, affordability.

0:17:05.840 --> 0:17:08.359
<v Speaker 11>How do we make sure that you can afford to

0:17:08.400 --> 0:17:11.000
<v Speaker 11>get to work, How do we make sure that you

0:17:11.040 --> 0:17:13.320
<v Speaker 11>actually have a job to go to How do we

0:17:13.359 --> 0:17:15.960
<v Speaker 11>make sure that you can afford your rent or your

0:17:15.960 --> 0:17:19.560
<v Speaker 11>mortgage or putting groceries on the table, as I mentioned earlier. Second,

0:17:19.560 --> 0:17:22.720
<v Speaker 11>we're going to focus on the emergent healthcare crisis in

0:17:22.800 --> 0:17:24.919
<v Speaker 11>this country based on the big Ugly Bill and the

0:17:24.960 --> 0:17:28.760
<v Speaker 11>fact that they're going to take away so much revenue

0:17:28.800 --> 0:17:32.919
<v Speaker 11>from healthcare systems in this country. Three hundred hospitals are

0:17:32.920 --> 0:17:34.679
<v Speaker 11>going to close a quarter and nursing homes are going

0:17:34.720 --> 0:17:38.240
<v Speaker 11>to close. Healthcare premiums are rising on almost every American

0:17:38.359 --> 0:17:41.560
<v Speaker 11>right now. Healthcare is an emergent crisis in this country.

0:17:41.560 --> 0:17:43.199
<v Speaker 11>And the last thing we're going to focus on is

0:17:43.240 --> 0:17:47.160
<v Speaker 11>fixing this corrupt and rig system that only benefits the wealthy,

0:17:47.520 --> 0:17:49.879
<v Speaker 11>the well connected, and the powerful at the expense of

0:17:49.920 --> 0:17:52.800
<v Speaker 11>everyone else in this country. And so that's what Democrats

0:17:52.800 --> 0:17:55.280
<v Speaker 11>are focused on. We're going to focus on delivering real

0:17:55.320 --> 0:18:00.399
<v Speaker 11>solutions to what's vexing the American people right now, focus

0:18:00.520 --> 0:18:02.840
<v Speaker 11>just on fighting wars of choice around the world that

0:18:02.880 --> 0:18:06.440
<v Speaker 11>are costing. The average American household is paying four hundred

0:18:06.480 --> 0:18:09.520
<v Speaker 11>dollars more a month to litigate this war and Iran,

0:18:09.800 --> 0:18:11.840
<v Speaker 11>and it's four hundred dollars a month they don't have

0:18:12.000 --> 0:18:14.639
<v Speaker 11>based on this disastrous economy that Donald Trump has.

0:18:14.480 --> 0:18:17.280
<v Speaker 5>Pushed with a gallon of gas at four dollars and

0:18:17.359 --> 0:18:20.160
<v Speaker 5>ten cents today on average, according to Triple A Ken,

0:18:20.200 --> 0:18:22.359
<v Speaker 5>we want to talk to you about resources. We had

0:18:22.359 --> 0:18:26.120
<v Speaker 5>a conversation just last week on Bloomberg with Congresswoman Susan Delbenet,

0:18:26.160 --> 0:18:29.560
<v Speaker 5>who chairs the D Triple C. They're targeting Trump plus

0:18:29.720 --> 0:18:33.960
<v Speaker 5>eleven plus thirteen seats in some districts, making this a

0:18:34.080 --> 0:18:37.120
<v Speaker 5>much wider effort. I realize you have history on your side,

0:18:37.359 --> 0:18:39.159
<v Speaker 5>you might even have the message on your side. But

0:18:39.200 --> 0:18:42.400
<v Speaker 5>how about money. The RNC has a nearly seven to

0:18:42.440 --> 0:18:46.040
<v Speaker 5>one money advantage over the DNC right now. You pulled

0:18:46.040 --> 0:18:49.240
<v Speaker 5>in ten point three million in February, the RNC eighteen

0:18:49.640 --> 0:18:51.639
<v Speaker 5>and a half million. Do you have the money the

0:18:51.720 --> 0:18:53.840
<v Speaker 5>resources to pursue that many seats.

0:18:54.600 --> 0:18:57.480
<v Speaker 11>Well, absolutely, And in combination with the D Triple C,

0:18:57.640 --> 0:18:59.800
<v Speaker 11>the DS and our other partners, of course, we do.

0:19:00.040 --> 0:19:01.560
<v Speaker 7>Look, you know, we don't need to.

0:19:01.480 --> 0:19:04.600
<v Speaker 11>Outraise the Republicans. We just need to raise enough money

0:19:04.600 --> 0:19:06.640
<v Speaker 11>to be in the ring so we can compete and fight.

0:19:06.720 --> 0:19:09.080
<v Speaker 11>And I'll give you an example on that. In Texas,

0:19:09.160 --> 0:19:11.760
<v Speaker 11>we flipped a state Senate seat there. It was a

0:19:11.800 --> 0:19:15.920
<v Speaker 11>plus seventeen percent Trump district. Our candidate won by fourteen

0:19:15.960 --> 0:19:18.560
<v Speaker 11>percentage points, meaning it was a thirty one point swing,

0:19:18.960 --> 0:19:21.440
<v Speaker 11>and the Republican opponent, they're raised two and a half

0:19:21.520 --> 0:19:25.359
<v Speaker 11>million dollars to our candidate's three hundred and eighty thousand dollars. Again,

0:19:25.400 --> 0:19:27.880
<v Speaker 11>we don't need to outraise the Republicans. We just need

0:19:27.920 --> 0:19:31.040
<v Speaker 11>to have enough money to compete. And look, last year

0:19:31.080 --> 0:19:33.119
<v Speaker 11>we raised a record amount of money for a first

0:19:33.160 --> 0:19:36.440
<v Speaker 11>year chair of the Democratic National Committee.

0:19:36.520 --> 0:19:37.639
<v Speaker 7>We raised a record.

0:19:37.359 --> 0:19:39.240
<v Speaker 11>Amount of money and what was fueling that was the

0:19:39.320 --> 0:19:44.199
<v Speaker 11>grassroots dollars, you know, the small donors averaging fifty one dollars,

0:19:44.400 --> 0:19:46.840
<v Speaker 11>you know, that was what was fueling our effort, and

0:19:46.880 --> 0:19:49.000
<v Speaker 11>we raised a record amount which allowed us to win

0:19:49.040 --> 0:19:51.400
<v Speaker 11>a record amount of races. Of course, we've got win

0:19:51.480 --> 0:19:54.000
<v Speaker 11>at our back. We've got momentum as you mentioned, we've

0:19:54.000 --> 0:19:57.240
<v Speaker 11>got a message that's resonated, and we'll have the resources

0:19:57.280 --> 0:19:59.600
<v Speaker 11>to make sure that we can compete. And as you mentioned,

0:20:00.000 --> 0:20:03.080
<v Speaker 11>because of this historic overperformance, we've been able to expand

0:20:03.080 --> 0:20:06.040
<v Speaker 11>out the map. We can now any Republican who sits

0:20:06.040 --> 0:20:09.600
<v Speaker 11>in a fourteen percent or less district in this country

0:20:09.760 --> 0:20:13.200
<v Speaker 11>is now targeted by the Democratic Party because they are vulnerable.

0:20:13.400 --> 0:20:16.120
<v Speaker 11>And that's fifty Republicans who sit in those seats are

0:20:16.119 --> 0:20:18.480
<v Speaker 11>now on our target list. We've got a great path

0:20:18.520 --> 0:20:20.960
<v Speaker 11>to the US House, and as crazy as it sounds,

0:20:21.000 --> 0:20:23.240
<v Speaker 11>there's an equal chance of us winning the US Senate

0:20:23.280 --> 0:20:23.880
<v Speaker 11>back as well.

0:20:24.320 --> 0:20:26.520
<v Speaker 2>And almost every time I have a Democrat honor talked

0:20:26.560 --> 0:20:28.840
<v Speaker 2>to a Democrat, I ask them two questions, who is

0:20:28.880 --> 0:20:31.960
<v Speaker 2>the leader of the Democratic Party? And if you actually

0:20:32.000 --> 0:20:34.160
<v Speaker 2>take back the House and or the Senate, is there

0:20:34.200 --> 0:20:37.399
<v Speaker 2>anything you can actually do to stop the legislatorship a

0:20:37.480 --> 0:20:39.920
<v Speaker 2>gender of a president who seems not to care whether

0:20:39.960 --> 0:20:42.320
<v Speaker 2>he has congressional approval for most of the things he does.

0:20:43.240 --> 0:20:45.960
<v Speaker 11>Well, let me answer the first thing. You know, look,

0:20:46.000 --> 0:20:48.399
<v Speaker 11>there's many leaders of the Democratic Party. I happen to

0:20:48.440 --> 0:20:49.360
<v Speaker 11>be one of them. I'm the chair.

0:20:49.520 --> 0:20:50.960
<v Speaker 2>Is that part of the problem?

0:20:51.320 --> 0:20:53.679
<v Speaker 11>Yeah, well no, Look, this is always the problem for

0:20:53.720 --> 0:20:55.280
<v Speaker 11>either party when they're out of power.

0:20:55.359 --> 0:20:55.560
<v Speaker 7>Right.

0:20:55.600 --> 0:20:58.399
<v Speaker 11>The reality is is that you know, the president and

0:20:58.440 --> 0:21:01.040
<v Speaker 11>the party in power has a much bigger megaphone. That's

0:21:01.119 --> 0:21:04.320
<v Speaker 11>just always the case. And so we've got great governors

0:21:04.320 --> 0:21:06.840
<v Speaker 11>out there, We've got great some mayors out there, We've

0:21:06.840 --> 0:21:10.440
<v Speaker 11>got wonderful members of Congress. So there are many leaders,

0:21:10.560 --> 0:21:12.560
<v Speaker 11>and of course we're a big ten party. That means

0:21:12.560 --> 0:21:15.119
<v Speaker 11>we've got lots of different ideas out there, right, And

0:21:15.200 --> 0:21:17.720
<v Speaker 11>as we come into this presidential race in twenty eight

0:21:17.800 --> 0:21:20.479
<v Speaker 11>and we get a nominee. Of course, then you know,

0:21:20.960 --> 0:21:22.960
<v Speaker 11>it will start to come into focus who the leader

0:21:22.960 --> 0:21:25.920
<v Speaker 11>of the Democratic Party is. But until that time, right,

0:21:25.920 --> 0:21:28.560
<v Speaker 11>we have many leaders who are delivering for the American people,

0:21:28.560 --> 0:21:30.919
<v Speaker 11>who are actually standing up. I've been very proud of

0:21:31.000 --> 0:21:34.240
<v Speaker 11>watching what our governors have done during this last year

0:21:34.280 --> 0:21:37.439
<v Speaker 11>to actually deliver on promises that they've made to the

0:21:37.480 --> 0:21:40.439
<v Speaker 11>American people. I've been proud of watching our mayors use

0:21:40.480 --> 0:21:43.040
<v Speaker 11>the power they have to protect communities in this country

0:21:43.040 --> 0:21:45.960
<v Speaker 11>from this administration. I've been really proud of our members

0:21:45.960 --> 0:21:49.199
<v Speaker 11>of Congress using their platforms to actually speak out and

0:21:49.240 --> 0:21:51.680
<v Speaker 11>hold this president accountable. And so, look, there are a

0:21:51.760 --> 0:21:54.720
<v Speaker 11>lot of leaders of the Democratic Party, and you know, look,

0:21:54.760 --> 0:21:57.080
<v Speaker 11>I get that question a lot. I'm very proud of

0:21:57.119 --> 0:21:58.879
<v Speaker 11>the fact that we have so many great leaders in

0:21:58.920 --> 0:22:01.520
<v Speaker 11>this party who are standing up, delivering on the promises

0:22:01.560 --> 0:22:03.919
<v Speaker 11>they made to the American people, and actually fighting to

0:22:04.000 --> 0:22:06.800
<v Speaker 11>make a difference in their lives. And on the second piece,

0:22:06.840 --> 0:22:09.719
<v Speaker 11>you know, look, I think when we win back control

0:22:09.720 --> 0:22:12.280
<v Speaker 11>of the Congress and hopefully the Senate, our job is

0:22:12.320 --> 0:22:15.000
<v Speaker 11>to pass legislation to actually stand up and do what

0:22:15.040 --> 0:22:17.159
<v Speaker 11>we said we were going to do, and you know,

0:22:17.200 --> 0:22:19.840
<v Speaker 11>put it on Donald Trump's desk and you know, make

0:22:19.920 --> 0:22:22.120
<v Speaker 11>him make a choice if he's going to actually sign

0:22:22.240 --> 0:22:26.320
<v Speaker 11>legislation that's going to bring down the costs for American

0:22:26.320 --> 0:22:29.840
<v Speaker 11>people and actually help create jobs, and actually restore health

0:22:29.840 --> 0:22:33.080
<v Speaker 11>care access in this country and help, you know, families

0:22:33.119 --> 0:22:36.879
<v Speaker 11>that are struggling with childcare and finding jobs. At the

0:22:36.960 --> 0:22:39.119
<v Speaker 11>end of the day, if we do those things and

0:22:39.160 --> 0:22:42.680
<v Speaker 11>the President still refuses to sign them, the Republicans will

0:22:42.680 --> 0:22:44.840
<v Speaker 11>have no chance of winning in twenty twenty eight. So

0:22:44.840 --> 0:22:46.439
<v Speaker 11>what we're going to do is we're going to focus

0:22:46.480 --> 0:22:49.159
<v Speaker 11>on doing our jobs and delivering on the promises that

0:22:49.200 --> 0:22:51.280
<v Speaker 11>we made to the American people. It will be up

0:22:51.320 --> 0:22:53.200
<v Speaker 11>to the President to decide whether or not he wants

0:22:53.240 --> 0:22:54.720
<v Speaker 11>to join Democrats at that point.

0:22:54.840 --> 0:22:58.320
<v Speaker 5>When we consider what primary voters are looking for here

0:22:58.400 --> 0:23:01.480
<v Speaker 5>in this midterm cycle, there was fascinating research out recently

0:23:02.040 --> 0:23:06.120
<v Speaker 5>from the group Third Way, of course famously moderate according

0:23:06.119 --> 0:23:08.960
<v Speaker 5>to some dangerously moderate depending on the progressive you might

0:23:09.000 --> 0:23:09.639
<v Speaker 5>be speaking with.

0:23:10.240 --> 0:23:11.160
<v Speaker 7>They talked about.

0:23:11.000 --> 0:23:14.520
<v Speaker 5>What primary voters' lives are like, what primary voters are

0:23:14.560 --> 0:23:17.840
<v Speaker 5>looking for, and it came down to basically a question

0:23:17.960 --> 0:23:23.400
<v Speaker 5>or an argument of pragmatism versus progressivism. Seventy five percent

0:23:23.440 --> 0:23:28.600
<v Speaker 5>of Democratic self identified Democratic primary voters said they prefer

0:23:28.760 --> 0:23:33.320
<v Speaker 5>pragmatism to twenty five percent progressivism. Is that going to

0:23:33.320 --> 0:23:36.760
<v Speaker 5>be an important theme to follow in this campaign cycle?

0:23:37.800 --> 0:23:39.520
<v Speaker 11>Well, look, I mean, I don't like to put a

0:23:39.600 --> 0:23:42.479
<v Speaker 11>label on any of this. I do agree that what

0:23:42.600 --> 0:23:46.520
<v Speaker 11>Americans want right now is results. They're sick and tired

0:23:46.600 --> 0:23:50.760
<v Speaker 11>of watching parties, politicians from both parties say one thing

0:23:50.840 --> 0:23:53.400
<v Speaker 11>and then get into office and do another. They want

0:23:53.440 --> 0:23:55.919
<v Speaker 11>people to stand up and fight for them and deliver.

0:23:56.280 --> 0:23:58.840
<v Speaker 11>And you know, it's one of the challenges both for

0:23:58.880 --> 0:24:02.159
<v Speaker 11>the Republican Party and it has been for the Democratic Party.

0:24:02.160 --> 0:24:04.119
<v Speaker 11>But what I think you're seeing right now, which is

0:24:04.119 --> 0:24:06.960
<v Speaker 11>why Donald Trump's numbers are so low and the Republican

0:24:07.040 --> 0:24:10.800
<v Speaker 11>Party is in jeopardy right now, losing both chambers of

0:24:10.920 --> 0:24:14.240
<v Speaker 11>Congress and has been losing throughout the country right now,

0:24:14.520 --> 0:24:17.960
<v Speaker 11>is you have one party that's actually delivering. Look at

0:24:17.960 --> 0:24:21.120
<v Speaker 11>what Abigail Spanberger and Mikey Cheryl did on day one

0:24:21.280 --> 0:24:24.040
<v Speaker 11>after they were elected governor. Look at what other Democratic

0:24:24.080 --> 0:24:27.359
<v Speaker 11>elected officials are doing throughout the country to stand up

0:24:27.359 --> 0:24:30.560
<v Speaker 11>and deliver on those promises. And the Republicans continue to

0:24:30.640 --> 0:24:33.199
<v Speaker 11>ignore the pleas of this country to focus on the

0:24:33.240 --> 0:24:35.720
<v Speaker 11>issues that matter most of the Americans. And so look,

0:24:36.000 --> 0:24:38.360
<v Speaker 11>I think at the end of the day, you know,

0:24:38.440 --> 0:24:40.600
<v Speaker 11>you can call it pragmatism, or you can just you know,

0:24:40.680 --> 0:24:43.720
<v Speaker 11>call it look delivering on your promises. You know, one

0:24:43.720 --> 0:24:46.160
<v Speaker 11>of my first bosses said that you should never separate

0:24:46.160 --> 0:24:48.280
<v Speaker 11>the life you lead from the words you speak. And

0:24:48.320 --> 0:24:51.360
<v Speaker 11>it's critical right now because most Americans are just sick

0:24:51.400 --> 0:24:54.040
<v Speaker 11>and tired of politics as usual. They want someone who's

0:24:54.040 --> 0:24:56.560
<v Speaker 11>going to stand up, be their champion and help them

0:24:56.600 --> 0:24:58.760
<v Speaker 11>actually get ahead and not just get by.

0:24:59.040 --> 0:25:03.200
<v Speaker 2>All right, that out. Americans are sick and tired of politics.

0:25:03.320 --> 0:25:06.840
<v Speaker 2>They are frustrated with Congress members in both parties, and

0:25:06.920 --> 0:25:10.240
<v Speaker 2>they have a new accountability buddy making its presence known,

0:25:10.320 --> 0:25:13.480
<v Speaker 2>and that is TMZ, the site we usually think of

0:25:13.560 --> 0:25:16.680
<v Speaker 2>as gossip. We spoke to Harvey Levin on that site

0:25:16.760 --> 0:25:19.760
<v Speaker 2>about why they are now going after members of Congress

0:25:19.800 --> 0:25:21.959
<v Speaker 2>who are seen on vacation while the government is shut down.

0:25:21.960 --> 0:25:23.760
<v Speaker 2>We're gonna play some sound for you when.

0:25:23.680 --> 0:25:26.640
<v Speaker 12>You look at what we're doing with these photographs and videos.

0:25:27.119 --> 0:25:30.040
<v Speaker 12>It's really the big thing we're doing, because what we're

0:25:30.080 --> 0:25:34.280
<v Speaker 12>doing is we're showing how the public feels about them,

0:25:34.800 --> 0:25:37.640
<v Speaker 12>and I think they've lost that big view of it

0:25:38.080 --> 0:25:40.280
<v Speaker 12>and started looking at it, you know, the blame game

0:25:40.320 --> 0:25:42.840
<v Speaker 12>that the Republicans didn't vote on this, so the Democrats

0:25:42.840 --> 0:25:46.679
<v Speaker 12>didn't do that, and they're not stepping back and looking

0:25:46.800 --> 0:25:48.280
<v Speaker 12>at Congress as a whole.

0:25:49.720 --> 0:25:51.879
<v Speaker 2>We've only got about thirty seconds here, but I'm curious

0:25:51.880 --> 0:25:54.160
<v Speaker 2>what your reaction to this is because it does tap

0:25:54.240 --> 0:25:58.200
<v Speaker 2>into a broader spectrum of the American public really annoyed

0:25:58.200 --> 0:26:00.479
<v Speaker 2>that Congress is not doing what they sent there to do.

0:26:01.400 --> 0:26:06.040
<v Speaker 11>Yeah, I've always said sunlight is the best disinfectant. You know,

0:26:06.240 --> 0:26:10.240
<v Speaker 11>it's important for folks to hold elected officials and leaders

0:26:10.280 --> 0:26:13.600
<v Speaker 11>in Congress and throughout the country accountable. And you know,

0:26:13.800 --> 0:26:16.640
<v Speaker 11>during a time when government shut down and you see

0:26:16.800 --> 0:26:21.200
<v Speaker 11>you know, politicians taking vacations, politicians, you know, not doing

0:26:21.200 --> 0:26:23.520
<v Speaker 11>their job while people are suffering, of course, people are

0:26:23.560 --> 0:26:25.680
<v Speaker 11>going to be frustrated. And so again there should be

0:26:25.720 --> 0:26:28.560
<v Speaker 11>a wake up call to every politician in each party

0:26:28.600 --> 0:26:30.960
<v Speaker 11>to make sure that in times of crisis like this

0:26:31.040 --> 0:26:33.320
<v Speaker 11>in this country, it requires people to stand up, do

0:26:33.400 --> 0:26:35.600
<v Speaker 11>their job and deliver for the American people. And again,

0:26:35.640 --> 0:26:38.679
<v Speaker 11>Democrats are doing that Republicans are sitting on their asses

0:26:38.720 --> 0:26:40.360
<v Speaker 11>while people are suffering in this country.

0:26:40.880 --> 0:26:43.199
<v Speaker 5>Ken Martin, Chair of the DNC. We thank you for

0:26:43.240 --> 0:26:46.000
<v Speaker 5>a great conversation. Ken. Happy Easter to you and thanks

0:26:46.000 --> 0:26:47.679
<v Speaker 5>for joining us. I just want to know why Lindsey

0:26:47.680 --> 0:26:50.000
<v Speaker 5>Graham was at Shaye Mickey and what he ate while

0:26:50.000 --> 0:26:50.600
<v Speaker 5>he was there with.

0:26:50.560 --> 0:26:55.000
<v Speaker 2>The bubble ones. Stay with us for more on Bloomberg

0:26:55.040 --> 0:27:10.160
<v Speaker 2>this weekend. Right after this this year's Easter baskets might

0:27:10.200 --> 0:27:13.080
<v Speaker 2>be missing some go to suites as consumers pull back

0:27:13.080 --> 0:27:15.399
<v Speaker 2>from some of those items due to higher prices and

0:27:15.520 --> 0:27:19.000
<v Speaker 2>economic pressures. A new report from Bloomberg Intelligence finds Easter

0:27:19.119 --> 0:27:21.680
<v Speaker 2>candy sales are down five percent so far this year.

0:27:22.040 --> 0:27:25.920
<v Speaker 2>Equity research analyst Diana Roseo Paynat joins us, now, thank

0:27:25.960 --> 0:27:27.520
<v Speaker 2>you for coming in. I don't know if this is

0:27:27.680 --> 0:27:30.359
<v Speaker 2>sad news or good news that, but Easter candy sales

0:27:30.400 --> 0:27:33.080
<v Speaker 2>are down. But where are you noticing that most.

0:27:33.200 --> 0:27:36.960
<v Speaker 13>Well, it's pretty much on chocolate people, see. I know,

0:27:37.440 --> 0:27:41.280
<v Speaker 13>it's one of the biggest share compared to non candy

0:27:41.640 --> 0:27:45.240
<v Speaker 13>non chocolate, so obviously the hit is mostly on them,

0:27:45.359 --> 0:27:49.000
<v Speaker 13>and it's mostly on volumes. People are pushing back on

0:27:49.040 --> 0:27:53.919
<v Speaker 13>price increases. That has been happening for the past eighteen months,

0:27:54.040 --> 0:27:55.959
<v Speaker 13>and they're being strategic about their spending.

0:27:56.240 --> 0:27:58.359
<v Speaker 2>Is it because chocolate is getting more expensive faster than

0:27:58.359 --> 0:28:00.479
<v Speaker 2>some of the other items are. I mean, it's one

0:28:00.480 --> 0:28:03.320
<v Speaker 2>of the few candies I let my have, well, my goodness,

0:28:03.720 --> 0:28:06.159
<v Speaker 2>the few candies I have myself. And I noticed I

0:28:06.200 --> 0:28:07.600
<v Speaker 2>bought it yesterday and I said to the women, so

0:28:07.720 --> 0:28:09.520
<v Speaker 2>this is like nine dollars and she's like, yeah, it's

0:28:09.520 --> 0:28:11.280
<v Speaker 2>getting really expensive even for us to buy.

0:28:11.440 --> 0:28:15.240
<v Speaker 13>Yes, exactly, I mean it's it's because of cocoa prices

0:28:15.600 --> 0:28:19.800
<v Speaker 13>I have been very high, so chocolate tears have had

0:28:19.840 --> 0:28:23.040
<v Speaker 13>to pass through those price increases. But obviously the demand

0:28:23.080 --> 0:28:26.000
<v Speaker 13>seems to be a little bit on the weaker side

0:28:26.040 --> 0:28:29.000
<v Speaker 13>because of it. So we project that, you know, throughout

0:28:29.000 --> 0:28:31.840
<v Speaker 13>the season, Eastern candy sales is probably they're going to

0:28:32.040 --> 0:28:33.560
<v Speaker 13>probably fall about five percent.

0:28:33.960 --> 0:28:35.960
<v Speaker 2>So we were talking before we started, and you said,

0:28:35.960 --> 0:28:38.720
<v Speaker 2>this is the week that people buy the most of

0:28:38.720 --> 0:28:40.800
<v Speaker 2>their Eastern candy. This is not like Christmas where people

0:28:40.840 --> 0:28:42.800
<v Speaker 2>plan ahead. People go, oh, shoot, it's Easter, I gotta

0:28:42.800 --> 0:28:43.440
<v Speaker 2>buy some stuff.

0:28:43.480 --> 0:28:43.960
<v Speaker 14>Exactly.

0:28:44.080 --> 0:28:47.840
<v Speaker 13>Yeah, so this week actually is the third of the

0:28:47.880 --> 0:28:51.400
<v Speaker 13>purchase of Eastern candy that is going to happen this season. Yes,

0:28:51.560 --> 0:28:54.960
<v Speaker 13>so this is I guess the make or break week

0:28:55.040 --> 0:28:58.479
<v Speaker 13>for the holiday. But you know, sixty four percent of

0:28:58.680 --> 0:29:02.000
<v Speaker 13>shoppers actually wait until the next day to get the

0:29:02.080 --> 0:29:03.560
<v Speaker 13>candy for half a price.

0:29:03.560 --> 0:29:04.400
<v Speaker 2>You're buying that discount.

0:29:04.400 --> 0:29:08.040
<v Speaker 13>It's terrifying at the discount, which obviously affects sales overall.

0:29:08.240 --> 0:29:11.520
<v Speaker 2>We've also got some breakdowns of what people's favorite chocolate

0:29:11.520 --> 0:29:13.760
<v Speaker 2>brands and non chocolate brands are for Easter. Okay, so

0:29:14.160 --> 0:29:17.320
<v Speaker 2>it's Cadbury. Really people really like Cadbury eggs.

0:29:17.320 --> 0:29:21.320
<v Speaker 13>They absolutely do you like them? Well a little bit,

0:29:21.440 --> 0:29:23.120
<v Speaker 13>I mean, I honest, be honest.

0:29:23.600 --> 0:29:24.600
<v Speaker 14>So it's funny.

0:29:24.320 --> 0:29:28.200
<v Speaker 13>Because I actually brought some, you know, Cadberry eggs for

0:29:28.520 --> 0:29:31.000
<v Speaker 13>the associates here in the department and those who are

0:29:31.040 --> 0:29:33.320
<v Speaker 13>the first ones to really ze.

0:29:33.480 --> 0:29:35.640
<v Speaker 14>So apparently they're very famous.

0:29:35.240 --> 0:29:38.040
<v Speaker 2>All right, America. I mean, not my favorite, but to

0:29:38.120 --> 0:29:42.680
<v Speaker 2>each his own. Next is Reese's Hershey Dove, Eminem's Jeered Delly,

0:29:42.720 --> 0:29:45.120
<v Speaker 2>which is like, I'm kind of fancy chocolate. Oh, and

0:29:45.200 --> 0:29:47.560
<v Speaker 2>Kinder Eggs. We used to live in Germany where those

0:29:47.600 --> 0:29:49.800
<v Speaker 2>are from Kinder Eggs are really popular. And then for

0:29:49.960 --> 0:29:52.960
<v Speaker 2>non chocolate brands, we've got jelly belly. Now, those are

0:29:52.960 --> 0:29:55.040
<v Speaker 2>my favorite. Those like they come out once a year.

0:29:55.080 --> 0:29:57.360
<v Speaker 2>They have those carrots full of tangerine jelly bellies. If

0:29:57.400 --> 0:30:00.600
<v Speaker 2>you have those, oh yes, yes, they're good. They're the best.

0:30:00.640 --> 0:30:04.600
<v Speaker 2>I can't stop eating them. Peeps. I'm not convinced anybody.

0:30:04.240 --> 0:30:06.600
<v Speaker 14>Really likes peeps. Peeps, well not really.

0:30:06.720 --> 0:30:09.680
<v Speaker 2>No, They're like one of those things you feel like

0:30:09.680 --> 0:30:11.040
<v Speaker 2>you have to put in the easter basket.

0:30:11.120 --> 0:30:13.040
<v Speaker 14>But then they but they're a forty one percent of

0:30:13.160 --> 0:30:14.480
<v Speaker 14>the market share.

0:30:14.480 --> 0:30:16.640
<v Speaker 2>I think it's an aesthetics thing. I think they're just

0:30:16.720 --> 0:30:18.520
<v Speaker 2>like cute and people want to like them, and then

0:30:18.520 --> 0:30:20.320
<v Speaker 2>they just taste like sugar. Sorry, peeps, I know I'm

0:30:20.320 --> 0:30:22.240
<v Speaker 2>going to get like canceled for my candy. Hate so

0:30:22.280 --> 0:30:24.040
<v Speaker 2>our patch kids. I didn't know that. I don't with

0:30:24.040 --> 0:30:27.000
<v Speaker 2>an easter candy. Star Wars. How do you feel about

0:30:27.000 --> 0:30:27.320
<v Speaker 2>Star Wars?

0:30:27.400 --> 0:30:27.520
<v Speaker 11>Oh?

0:30:27.640 --> 0:30:29.840
<v Speaker 14>Well, I mean they're good. Some of them are. I

0:30:29.960 --> 0:30:30.560
<v Speaker 14>like the cherry.

0:30:30.600 --> 0:30:33.080
<v Speaker 2>Are you're pro Star Wars? Well, let's just say it's okay. Skittle,

0:30:33.160 --> 0:30:36.920
<v Speaker 2>Swedish fish and nerds. Oh that's really interesting. And then

0:30:36.920 --> 0:30:39.000
<v Speaker 2>when it comes to overall what people are going to

0:30:39.280 --> 0:30:42.800
<v Speaker 2>buy this Easter candies at the top ninety two percent,

0:30:42.800 --> 0:30:45.600
<v Speaker 2>so they're gonna buy candy. Food is at ninety percent.

0:30:45.680 --> 0:30:47.280
<v Speaker 2>What are the other things that people are going to buy?

0:30:48.040 --> 0:30:52.520
<v Speaker 13>So they're actually going to buy greening carts and decorations,

0:30:52.520 --> 0:30:55.160
<v Speaker 13>so those are like, yes, they want to be on

0:30:55.200 --> 0:30:58.480
<v Speaker 13>the unaffestive mode. And you know, like I said, like

0:30:59.040 --> 0:31:01.560
<v Speaker 13>I said on the note is you know, ninety percent

0:31:01.600 --> 0:31:04.120
<v Speaker 13>of people are going to celebrate Easter, so it's a

0:31:04.160 --> 0:31:05.920
<v Speaker 13>significant holiday for it.

0:31:06.000 --> 0:31:08.440
<v Speaker 2>But you say flowers are only forty six percent. I

0:31:08.480 --> 0:31:10.520
<v Speaker 2>know we're not buying flowers. I don't you have to

0:31:10.520 --> 0:31:11.840
<v Speaker 2>give Grandma flowers at Easter?

0:31:12.200 --> 0:31:15.520
<v Speaker 13>Well, I guess it's because they die soon enough, so

0:31:16.560 --> 0:31:17.360
<v Speaker 13>and they're expensive.

0:31:17.440 --> 0:31:18.920
<v Speaker 2>I mean, flowers are also one of the things that

0:31:18.920 --> 0:31:21.120
<v Speaker 2>I've noticed, I've really gone up, all right. I was

0:31:21.160 --> 0:31:23.760
<v Speaker 2>reading through this essay of yours here and it also

0:31:23.920 --> 0:31:27.640
<v Speaker 2>says that it's not just kids getting to enjoy Easter baskets.

0:31:27.840 --> 0:31:30.440
<v Speaker 2>A Ferrero survey I'm assuming that's for a Rochet that

0:31:30.480 --> 0:31:33.440
<v Speaker 2>again in Fancy Chocolates found that sixty six percent of

0:31:33.480 --> 0:31:36.680
<v Speaker 2>respondents think adults deserve an Easter basket as much as

0:31:36.760 --> 0:31:40.240
<v Speaker 2>kids twenty eight percent. By Easter candy specifically for themselves

0:31:40.480 --> 0:31:43.640
<v Speaker 2>guilty as charge, and sixty four percent, as you already mentioned,

0:31:43.720 --> 0:31:46.400
<v Speaker 2>planned to buy candy on sale the day after Easter.

0:31:46.600 --> 0:31:49.760
<v Speaker 2>I mean, adulthood is hard. Kids have it easy. Don't

0:31:49.800 --> 0:31:50.920
<v Speaker 2>we deserve an Easter basket?

0:31:51.080 --> 0:31:55.120
<v Speaker 14>That's what sixty six percent of people of saying. And

0:31:55.160 --> 0:31:55.920
<v Speaker 14>I agree.

0:31:56.040 --> 0:31:58.800
<v Speaker 13>You know, you have to celebrate as much as possible,

0:31:59.360 --> 0:32:01.880
<v Speaker 13>bring some joy to your life. But uh, and this,

0:32:02.640 --> 0:32:06.160
<v Speaker 13>you know, going back to the sales forecast, is actually

0:32:06.480 --> 0:32:09.640
<v Speaker 13>it is a tail wind for sales because there's obviously

0:32:09.720 --> 0:32:13.560
<v Speaker 13>more demand for the candy, but again they are probably

0:32:13.680 --> 0:32:15.960
<v Speaker 13>a lot of them are waiting for the next day

0:32:16.040 --> 0:32:18.920
<v Speaker 13>to to get it in promotions, and even right now,

0:32:19.040 --> 0:32:21.640
<v Speaker 13>if you walk the aisles, which I tend to do

0:32:21.720 --> 0:32:24.160
<v Speaker 13>when I visit a grocery store, I don't know how

0:32:24.200 --> 0:32:25.320
<v Speaker 13>sad that makes me, but.

0:32:26.160 --> 0:32:27.800
<v Speaker 2>I don't think that makes you said at all. I'm

0:32:27.840 --> 0:32:29.480
<v Speaker 2>looking for sales, we're looking for good things.

0:32:29.480 --> 0:32:31.840
<v Speaker 13>Well, and I also, you know, I channel checks, so

0:32:31.920 --> 0:32:35.120
<v Speaker 13>that is I noticed that, you know, there's more promotions

0:32:35.160 --> 0:32:38.160
<v Speaker 13>for the Eastern candy, so you know, there seems to

0:32:38.200 --> 0:32:41.600
<v Speaker 13>be a lot of eagerness to move inventory, and that

0:32:41.720 --> 0:32:45.479
<v Speaker 13>is obviously going to be the headwind for the season.

0:32:45.720 --> 0:32:47.360
<v Speaker 2>So when you look at the industry as a whole,

0:32:47.440 --> 0:32:50.880
<v Speaker 2>I mean sales are down, are they down a concerning amount?

0:32:50.960 --> 0:32:52.480
<v Speaker 2>Is this really a problem? Do you think it's a

0:32:52.480 --> 0:32:54.040
<v Speaker 2>bell weather for the industry or I.

0:32:54.040 --> 0:32:58.000
<v Speaker 13>Would say, actually, you know, basically our base case in

0:32:58.120 --> 0:33:01.920
<v Speaker 13>area calls for a five percent you know drop. But

0:33:02.440 --> 0:33:07.280
<v Speaker 13>if things are, if people pull back more than what

0:33:07.320 --> 0:33:09.600
<v Speaker 13>they used to what they normally do, we're probably going

0:33:09.680 --> 0:33:12.640
<v Speaker 13>to see a nine percent decreasing Easter candy sale.

0:33:13.080 --> 0:33:14.240
<v Speaker 14>And that is significant.

0:33:14.280 --> 0:33:16.360
<v Speaker 2>That's pretty significant. That is I mean, I would imagine

0:33:16.400 --> 0:33:19.000
<v Speaker 2>there are other holidays. It's Christmas is big. I mean,

0:33:19.000 --> 0:33:21.680
<v Speaker 2>I guess Halloween is like the big candy time. So

0:33:21.840 --> 0:33:23.320
<v Speaker 2>we have to wait until then to see if they

0:33:23.360 --> 0:33:24.239
<v Speaker 2>can rebound from this.

0:33:24.480 --> 0:33:27.000
<v Speaker 13>Well, I mean Eastern will be I will call it

0:33:27.000 --> 0:33:30.120
<v Speaker 13>about weather for the you know, at least the summer

0:33:30.160 --> 0:33:34.120
<v Speaker 13>months and how you know, the industry will will you know,

0:33:34.680 --> 0:33:38.040
<v Speaker 13>will behave in terms of candy sales as overall. But yeah,

0:33:38.040 --> 0:33:42.520
<v Speaker 13>this is a significant you know, it's holiday for the season.

0:33:42.560 --> 0:33:46.000
<v Speaker 13>It's about ten percent of candy cells for the US.

0:33:46.040 --> 0:33:48.400
<v Speaker 2>So they'll tell you it will help you industry out.

0:33:48.440 --> 0:33:50.000
<v Speaker 2>I'll get you an easter basket. You can get me

0:33:50.040 --> 0:33:52.600
<v Speaker 2>an easter basket. Sounds good and will be participating. That's

0:33:53.360 --> 0:33:55.800
<v Speaker 2>I agree, you know, for the good of the economy, Yes, exactly,

0:33:55.840 --> 0:33:58.320
<v Speaker 2>we have to do it for the economy. Dana, thank

0:33:58.320 --> 0:34:00.120
<v Speaker 2>you so much for coming and we really appreciate it.

0:34:00.240 --> 0:34:03.000
<v Speaker 2>Of course, you could read more of this awesome analysis

0:34:03.000 --> 0:34:06.120
<v Speaker 2>on the Terminal and Bloomberg dot com. I have jelly bean.

0:34:06.200 --> 0:34:09.120
<v Speaker 7>Wow, jelly bean. Yeah, well, Jellybelly, as you said, were

0:34:09.160 --> 0:34:10.480
<v Speaker 7>among your favorites right now.

0:34:11.640 --> 0:34:12.120
<v Speaker 2>Jellybean.

0:34:12.320 --> 0:34:15.319
<v Speaker 5>That's great, But the peeps people are being a little

0:34:15.320 --> 0:34:16.160
<v Speaker 5>weird about the peeps.

0:34:16.200 --> 0:34:18.080
<v Speaker 7>It's like it's the candy corn of Easter.

0:34:18.280 --> 0:34:19.400
<v Speaker 2>Yes, that is a good anouncer.

0:34:19.600 --> 0:34:22.200
<v Speaker 7>They get no respect, but they're mandatory.

0:34:23.200 --> 0:34:23.560
<v Speaker 2>About me.

0:34:24.080 --> 0:34:24.400
<v Speaker 7>Lisa.

0:34:24.480 --> 0:34:25.799
<v Speaker 2>You were just saying, how old are your kids?

0:34:25.840 --> 0:34:27.719
<v Speaker 4>And you got them mine eighteen and twenty three, and

0:34:27.760 --> 0:34:29.160
<v Speaker 4>I still get them easter baskets.

0:34:29.800 --> 0:34:33.040
<v Speaker 7>You know, it's different. They wake up and they wake up.

0:34:33.080 --> 0:34:36.080
<v Speaker 4>It's there, but it's like now it's like beauty products,

0:34:36.200 --> 0:34:39.800
<v Speaker 4>shaved kids, tattoo cream like all that kind of like

0:34:40.160 --> 0:34:43.920
<v Speaker 4>that's what it's transitioned. To stay with us for more

0:34:44.200 --> 0:34:45.880
<v Speaker 4>on Bloomberg. This weekend.

0:34:46.280 --> 0:34:59.720
<v Speaker 15>Right after this, Welcome back to Bloomberg.

0:34:59.760 --> 0:35:03.160
<v Speaker 2>This week it is time for Pointed the Pointed News Quiz,

0:35:03.200 --> 0:35:05.840
<v Speaker 2>where I try to defend my title, but Joe Matthew

0:35:05.840 --> 0:35:06.960
<v Speaker 2>knows everything, so I don't know.

0:35:07.520 --> 0:35:08.800
<v Speaker 7>You're about to learn otherwise.

0:35:08.880 --> 0:35:10.600
<v Speaker 2>All right, we're gonna learn how to do this because

0:35:10.600 --> 0:35:11.600
<v Speaker 2>you're new. So Lisa's gonna run.

0:35:12.000 --> 0:35:13.560
<v Speaker 4>Okay, So let me explain it. This is a game

0:35:13.600 --> 0:35:14.920
<v Speaker 4>for risk takers, are you right?

0:35:15.000 --> 0:35:16.319
<v Speaker 7>Absolutely, I'm known as one.

0:35:16.560 --> 0:35:17.600
<v Speaker 2>Okay, good, good, good, okay.

0:35:17.600 --> 0:35:18.320
<v Speaker 14>So you're going to join it.

0:35:18.760 --> 0:35:19.040
<v Speaker 7>Okay.

0:35:19.080 --> 0:35:21.680
<v Speaker 4>So there are three categories I'm going to give you.

0:35:21.680 --> 0:35:23.279
<v Speaker 4>You have thirty chips in front of you. They're in

0:35:23.320 --> 0:35:26.600
<v Speaker 4>three different you know sections here. You place your bets

0:35:26.680 --> 0:35:29.400
<v Speaker 4>on each category, thinking, you know what, I feel confident

0:35:29.400 --> 0:35:31.239
<v Speaker 4>in this one. I'm gonna stay with ten or maybe

0:35:31.239 --> 0:35:33.840
<v Speaker 4>on you invent No, I did not. It's on Bloomberg

0:35:34.000 --> 0:35:34.520
<v Speaker 4>dot com.

0:35:34.560 --> 0:35:35.640
<v Speaker 14>You have to go check it out.

0:35:35.719 --> 0:35:37.239
<v Speaker 2>Well, you can play along at home.

0:35:37.320 --> 0:35:39.600
<v Speaker 7>Okay, I thought you invented it for Bloomberg. I did not.

0:35:40.200 --> 0:35:43.200
<v Speaker 2>I'm not that gifted. We crip it from our brilliant

0:35:43.200 --> 0:35:44.720
<v Speaker 2>colleagues over in the Games department.

0:35:45.080 --> 0:35:46.480
<v Speaker 4>LISTA what are the top all right, So let's get

0:35:46.480 --> 0:35:47.319
<v Speaker 4>to the categories first.

0:35:47.320 --> 0:35:47.520
<v Speaker 14>Okay.

0:35:47.560 --> 0:35:52.680
<v Speaker 4>So the first category is resignations. The second category is wearables.

0:35:53.120 --> 0:35:56.520
<v Speaker 4>The third category is food and beverage. If we need,

0:35:56.560 --> 0:36:00.000
<v Speaker 4>we have a bonus. But we'll see to that it does,

0:36:00.160 --> 0:36:01.520
<v Speaker 4>it has, but we still tied.

0:36:01.920 --> 0:36:03.640
<v Speaker 2>Yeah, okay, so place your bets.

0:36:03.960 --> 0:36:05.200
<v Speaker 4>Are you going ten each? What do you?

0:36:05.200 --> 0:36:06.799
<v Speaker 2>What do you Okay, I'm going to do five on

0:36:06.920 --> 0:36:08.960
<v Speaker 2>resignations because there's been a lot of names in that

0:36:09.000 --> 0:36:12.040
<v Speaker 2>category recently, and I'm splitting. I'm not okay, well, slip,

0:36:12.080 --> 0:36:12.279
<v Speaker 2>I won't.

0:36:13.000 --> 0:36:16.480
<v Speaker 7>What do we want to make this? Okay, I'm here

0:36:16.840 --> 0:36:18.560
<v Speaker 7>spread it out. Ten on all three?

0:36:18.800 --> 0:36:19.920
<v Speaker 4>Okay, ten on all three.

0:36:21.360 --> 0:36:24.760
<v Speaker 15>Take those we have here for.

0:36:23.760 --> 0:36:26.680
<v Speaker 4>For you to write your your your answer. Okay, let

0:36:26.680 --> 0:36:28.920
<v Speaker 4>me give you your first question for our first category,

0:36:28.920 --> 0:36:29.920
<v Speaker 4>which is resignations.

0:36:30.040 --> 0:36:31.280
<v Speaker 2>Okay, here's your question. Okay.

0:36:31.520 --> 0:36:35.399
<v Speaker 4>Air Canada CEO stepping down after his response lea.

0:36:36.400 --> 0:36:38.080
<v Speaker 7>I'm not gonna okay, hold on, hold.

0:36:37.960 --> 0:36:41.160
<v Speaker 4>On, give you give yourself some credit, stepping down after

0:36:41.200 --> 0:36:44.680
<v Speaker 4>his response to a deadly runway collision which faux.

0:36:44.400 --> 0:36:45.760
<v Speaker 2>Pop did he commit?

0:36:46.239 --> 0:36:50.360
<v Speaker 4>What did he do wrong that caused him to step down?

0:36:54.440 --> 0:36:54.800
<v Speaker 7>Really?

0:36:55.040 --> 0:36:56.400
<v Speaker 4>What did you think?

0:36:56.560 --> 0:36:57.759
<v Speaker 14>What do you think I.

0:36:57.719 --> 0:36:59.879
<v Speaker 2>Thought it was gonna be a Pam BONDI question.

0:37:01.000 --> 0:37:02.319
<v Speaker 4>And then you like how we have the music to

0:37:02.360 --> 0:37:04.759
<v Speaker 4>soothe you as as you go along there. Joe, Oh,

0:37:04.800 --> 0:37:05.840
<v Speaker 4>he's writing furiously.

0:37:06.480 --> 0:37:09.600
<v Speaker 2>I have a good feeling about I don't know what

0:37:09.640 --> 0:37:10.680
<v Speaker 2>he's writing his vernie hand.

0:37:10.719 --> 0:37:12.960
<v Speaker 4>Rightfully, You folks at home have got it. It's okay, Joe,

0:37:13.000 --> 0:37:15.080
<v Speaker 4>we only have like re read flip it, Joe, what

0:37:15.120 --> 0:37:17.919
<v Speaker 4>do you got? He moved his what his seat back?

0:37:21.360 --> 0:37:23.760
<v Speaker 2>About tweet on Twitter?

0:37:24.200 --> 0:37:28.839
<v Speaker 4>He made his statement in mostly English, so think about

0:37:29.520 --> 0:37:33.320
<v Speaker 4>French as well. So okay, so what was this major?

0:37:33.440 --> 0:37:34.120
<v Speaker 2>Yes, Quebec.

0:37:34.160 --> 0:37:36.840
<v Speaker 4>They were not happy because you's a French ongoing political issue.

0:37:36.840 --> 0:37:42.640
<v Speaker 2>So yeah, exactly what they know? This you have to

0:37:42.640 --> 0:37:43.440
<v Speaker 2>say in both language.

0:37:43.440 --> 0:37:43.879
<v Speaker 7>Everyone else?

0:37:44.040 --> 0:37:44.840
<v Speaker 2>Yeah, so lisagains.

0:37:44.920 --> 0:37:46.719
<v Speaker 4>So I get you have to pass them over to me.

0:37:46.920 --> 0:37:47.800
<v Speaker 14>I get your chips.

0:37:48.200 --> 0:37:51.520
<v Speaker 2>See all right, I'm gonna get some, Okay, next one.

0:37:52.040 --> 0:37:55.359
<v Speaker 4>The next one is Warrible's Google developing a fitness band

0:37:55.360 --> 0:37:58.239
<v Speaker 4>to compete with Aura, and which other brand that's on

0:37:58.320 --> 0:38:01.600
<v Speaker 4>its way to an IPO. So Google is developing a

0:38:01.600 --> 0:38:04.480
<v Speaker 4>fitness band, It's going to compete with Aura, and which

0:38:04.760 --> 0:38:07.480
<v Speaker 4>other brand that's on its way to an I p O.

0:38:07.640 --> 0:38:10.160
<v Speaker 7>I knew this would be my week spot here. I

0:38:10.160 --> 0:38:12.520
<v Speaker 7>don't think either of us are another brand, whole other brand.

0:38:12.680 --> 0:38:15.080
<v Speaker 4>Yes, that's on its way to an I p O.

0:38:15.400 --> 0:38:16.359
<v Speaker 2>Thirty seconds.

0:38:16.880 --> 0:38:20.080
<v Speaker 7>Oh, I don't think any I only know one. I'm

0:38:20.280 --> 0:38:24.000
<v Speaker 7>putting the only one I know. Yeah, same, What are

0:38:24.000 --> 0:38:24.840
<v Speaker 7>they around anymore?

0:38:25.200 --> 0:38:28.560
<v Speaker 15>You're both wrong? The garment is what is a wolf?

0:38:28.640 --> 0:38:28.799
<v Speaker 2>Yes?

0:38:28.920 --> 0:38:31.359
<v Speaker 4>Okay, okay, they plan to release it later this year,

0:38:31.600 --> 0:38:33.560
<v Speaker 4>but who no, they they're going for an I p

0:38:33.680 --> 0:38:37.200
<v Speaker 4>O pretty soon. And the reason why it's so big

0:38:37.320 --> 0:38:39.719
<v Speaker 4>is because Chase credit Card did like a rebate with

0:38:39.760 --> 0:38:42.480
<v Speaker 4>their fitness band, so so many people started to get

0:38:42.480 --> 0:38:44.880
<v Speaker 4>so you could get into these Yes, so that was

0:38:44.880 --> 0:38:45.440
<v Speaker 4>a big drawing.

0:38:45.480 --> 0:38:53.960
<v Speaker 2>All right, we've had a long going okay, well, food

0:38:54.000 --> 0:38:54.800
<v Speaker 2>and beverage, man, we got this.

0:38:55.320 --> 0:38:57.120
<v Speaker 7>Got I was going to go all in on this one.

0:38:57.120 --> 0:38:59.359
<v Speaker 2>You got em. That's what we're doing, both of those

0:38:59.400 --> 0:39:01.840
<v Speaker 2>things Togetherlast night before about that.

0:39:02.160 --> 0:39:05.680
<v Speaker 4>Food and beverage, Unilabor agreed to sell its food business

0:39:05.760 --> 0:39:08.920
<v Speaker 4>to which company in a forty four point eight billion

0:39:09.120 --> 0:39:09.960
<v Speaker 4>dollars deal.

0:39:10.400 --> 0:39:11.120
<v Speaker 1>Do you yes?

0:39:11.560 --> 0:39:12.080
<v Speaker 6>I know what?

0:39:12.280 --> 0:39:13.400
<v Speaker 14>This was a good story.

0:39:13.960 --> 0:39:15.759
<v Speaker 15>Yes, well now I think I know I think I

0:39:15.840 --> 0:39:16.040
<v Speaker 15>know it.

0:39:16.120 --> 0:39:17.440
<v Speaker 7>I think I even read it on the air. I

0:39:17.480 --> 0:39:18.960
<v Speaker 7>don't remember the headline.

0:39:18.520 --> 0:39:22.400
<v Speaker 15>Though, the big corporate food giants think about it.

0:39:22.920 --> 0:39:25.560
<v Speaker 7>Okay, food business. I'm just putting this to be funny

0:39:25.600 --> 0:39:27.000
<v Speaker 7>because we had chocolate.

0:39:27.000 --> 0:39:30.520
<v Speaker 4>You did, Okay, you said her, she's Sancisco. No McCormick,

0:39:30.719 --> 0:39:35.920
<v Speaker 4>all right, well yes, yes, yes, it's the spice maker with.

0:39:36.000 --> 0:39:38.960
<v Speaker 2>You many other mccormy. No one else is merging with Cisco.

0:39:39.120 --> 0:39:41.840
<v Speaker 2>That you, guys, thank you, was restaurant depot was merging

0:39:41.880 --> 0:39:43.960
<v Speaker 2>with Cisco. Thank you, Patrick, and our control room for

0:39:44.239 --> 0:39:44.760
<v Speaker 2>you guys.

0:39:44.640 --> 0:39:46.120
<v Speaker 14>You know you have zero points.

0:39:46.440 --> 0:39:47.960
<v Speaker 2>You know what's on the holiday. Here's what we're gonna do.

0:39:48.000 --> 0:39:49.120
<v Speaker 2>We're gonna go for a bonus.

0:39:49.239 --> 0:39:52.359
<v Speaker 4>Okay, and whoever guess it gets all the chips, I'm

0:39:52.400 --> 0:39:54.279
<v Speaker 4>going for it. Okay, that's what we're doing already at

0:39:54.400 --> 0:39:56.839
<v Speaker 4>least rules Now you're both losersdy, we're going to try

0:39:56.880 --> 0:39:57.680
<v Speaker 4>to redeem ourselves.

0:39:58.520 --> 0:39:59.120
<v Speaker 2>Okay, Okay.

0:39:59.480 --> 0:40:05.640
<v Speaker 4>The bonus question is candy okay, which Hershey brand was

0:40:05.760 --> 0:40:10.600
<v Speaker 4>called out by its namesake founder's band son for skimping

0:40:10.800 --> 0:40:14.480
<v Speaker 4>on ingredients. Yes, wait, what happens if there's a tie,

0:40:15.400 --> 0:40:17.560
<v Speaker 4>then then you get candy to both of you.

0:40:19.719 --> 0:40:25.279
<v Speaker 15>Seconds ready, yes, all right?

0:40:25.719 --> 0:40:26.920
<v Speaker 7>Do I get to come back tomorrow?

0:40:27.000 --> 0:40:29.239
<v Speaker 4>You you get to come back to Wind and you

0:40:29.320 --> 0:40:31.359
<v Speaker 4>get all your chips back and you get and don't

0:40:32.200 --> 0:40:34.640
<v Speaker 4>you don't have to eat one because you did not lose,

0:40:34.960 --> 0:40:37.560
<v Speaker 4>So that was going to be the thing we're.

0:40:37.280 --> 0:40:44.920
<v Speaker 16>Gonna have to eat, all right, guys, Joe Matthew Yah,

0:40:44.960 --> 0:40:47.680
<v Speaker 16>So tomorrow we'll have multiple choice correct no, but play

0:40:47.719 --> 0:40:48.000
<v Speaker 16>at home.

0:40:48.040 --> 0:40:50.040
<v Speaker 4>Bloomberg dot Com slash pointed.

0:40:52.040 --> 0:40:54.920
<v Speaker 2>Thanks for joining us on today's Bloomberg This Weekend podcast.

0:40:55.120 --> 0:40:57.319
<v Speaker 2>Don't forget to tune in live for the show every

0:40:57.400 --> 0:40:59.920
<v Speaker 2>Saturday and Sunday morning, starting at seven am Eastern.

0:41:00.120 --> 0:41:03.080
<v Speaker 3>We're on Bloomberg Television Radio and the Bloomberg Business App,

0:41:03.239 --> 0:41:07.320
<v Speaker 3>bringing you unique takes and in depth interviews on news, politics, lifestyle,

0:41:07.480 --> 0:41:08.040
<v Speaker 3>and culture.