1 00:00:02,400 --> 00:00:05,760 Speaker 1: Global business news twenty four hours a day at Bloomberg 2 00:00:05,840 --> 00:00:08,920 Speaker 1: dot com, the Radio plus Mobile Act and on your radio. 3 00:00:09,200 --> 00:00:13,320 Speaker 1: This is a Bloomberg Business Flash from Bloomberg World Handquarters. 4 00:00:13,360 --> 00:00:17,239 Speaker 1: I'm Charlie Palott's stocks are declining as investors shun risk 5 00:00:17,360 --> 00:00:20,520 Speaker 1: before the FED meeting. Right now, the SMP is down 6 00:00:20,600 --> 00:00:23,119 Speaker 1: eight to two thousand and eighty seven, a drop of 7 00:00:23,200 --> 00:00:26,640 Speaker 1: four tenths of one percent. NAZ stacked down thirty a 8 00:00:26,720 --> 00:00:30,120 Speaker 1: drop of six tenths of one percent down. Jones Industrial 9 00:00:30,120 --> 00:00:33,200 Speaker 1: Average down sixty four points, a drop of four tenths 10 00:00:33,200 --> 00:00:36,040 Speaker 1: of one percent. The ten you of six thirty seconds, 11 00:00:36,040 --> 00:00:39,120 Speaker 1: the yield one point six one percent. Gold up nine 12 00:00:39,280 --> 00:00:42,000 Speaker 1: eighty ounce to twelve eighty five, a gain of eight 13 00:00:42,000 --> 00:00:44,760 Speaker 1: tenths of one percent. Crude down thirty eight cents of 14 00:00:44,800 --> 00:00:48,280 Speaker 1: barrel forty eight sixty nine on West Texas intermediate crude. 15 00:00:48,600 --> 00:00:50,960 Speaker 1: That is a drop of eight tenths of one percent. 16 00:00:51,440 --> 00:00:57,920 Speaker 1: I'm Charlie Pallett, and that's a Bloomberg Business Flash. This 17 00:00:58,280 --> 00:01:01,800 Speaker 1: is taking stock with pims Ox and Kathleen Mays on 18 00:01:01,920 --> 00:01:06,919 Speaker 1: bloom Bird Radio. Racing. The Prestige Performance Race team recently 19 00:01:06,920 --> 00:01:10,479 Speaker 1: announcing that well it has two cars in the North 20 00:01:10,520 --> 00:01:15,400 Speaker 1: American Lamborghini Blanc super Trofeo series. And here to tell 21 00:01:15,480 --> 00:01:19,920 Speaker 1: us more about these mean machines and speed is David Seabrook. 22 00:01:19,959 --> 00:01:23,039 Speaker 1: He is a founder in the chief Executive Canoe Studios. 23 00:01:23,080 --> 00:01:26,360 Speaker 1: He's to be driving car number twenty three. Also joining 24 00:01:26,440 --> 00:01:30,000 Speaker 1: us is Trent Hindman. He is going to be driving 25 00:01:30,000 --> 00:01:32,920 Speaker 1: in the race. There race takes place, uh qualifying, I 26 00:01:32,959 --> 00:01:36,440 Speaker 1: believe June with racist to follow on July one, second 27 00:01:36,520 --> 00:01:39,640 Speaker 1: and third, and I want a gentleman, Well, welcome to 28 00:01:39,680 --> 00:01:43,080 Speaker 1: the studio, Welcome to bloomber Trent. Why don't you begin 29 00:01:43,120 --> 00:01:46,520 Speaker 1: by just telling us exactly what is this super Trofeo series, 30 00:01:46,600 --> 00:01:48,360 Speaker 1: how does it work? And what kind of cars are 31 00:01:48,360 --> 00:01:50,960 Speaker 1: you gonna be driving? Right? So, the car itself is 32 00:01:51,000 --> 00:01:55,760 Speaker 1: the Lamborghini Hurrican LP six to super Trofeo. It's a 33 00:01:55,840 --> 00:02:00,400 Speaker 1: car specifically built for this championship. Every R is the 34 00:02:00,440 --> 00:02:03,200 Speaker 1: same in the series. Uh, there's a North American Championship, 35 00:02:03,240 --> 00:02:07,520 Speaker 1: European Championship, in Asian Championship. Obviously David and myself and 36 00:02:07,600 --> 00:02:11,040 Speaker 1: the Preceige Performance Team compete in the North American Championship. 37 00:02:11,480 --> 00:02:15,160 Speaker 1: And again it's it's a car specifically built by Lamborghini 38 00:02:15,440 --> 00:02:20,840 Speaker 1: for this race series. So who all David competes in 39 00:02:20,840 --> 00:02:24,200 Speaker 1: in the Super Trefeo series and particularly in the races 40 00:02:24,240 --> 00:02:26,000 Speaker 1: you're going to be involved in this in a couple 41 00:02:26,040 --> 00:02:31,920 Speaker 1: of weeks. There's a total usually of twenty two six 42 00:02:32,000 --> 00:02:35,560 Speaker 1: cars that that compete. Some of the cars have one driver, 43 00:02:35,720 --> 00:02:40,120 Speaker 1: some have to they're all exactly the same cars, same statistics, 44 00:02:40,160 --> 00:02:44,280 Speaker 1: same power train, everything the cars. Of course, each team 45 00:02:44,320 --> 00:02:46,679 Speaker 1: has the ability to set the car up based upon 46 00:02:46,760 --> 00:02:49,079 Speaker 1: the needs of the driver and their touch field for 47 00:02:49,120 --> 00:02:51,960 Speaker 1: the car. So you'll have a pro class, which will 48 00:02:52,040 --> 00:02:55,040 Speaker 1: individual one pro will be driving, or a pro pro. 49 00:02:55,720 --> 00:02:57,760 Speaker 1: You have a Pro am which is one pro driver 50 00:02:57,919 --> 00:03:00,280 Speaker 1: with an amateur and then you'll have an amateur US. 51 00:03:00,520 --> 00:03:03,360 Speaker 1: We're just an amateur driver because it gives an entry 52 00:03:03,400 --> 00:03:07,040 Speaker 1: point for different drivers who want to experience racing to 53 00:03:07,120 --> 00:03:09,000 Speaker 1: come in and if they want to, they can move 54 00:03:09,040 --> 00:03:12,120 Speaker 1: through the ranks, whether they're younger, whether they're older. Now, 55 00:03:12,160 --> 00:03:14,520 Speaker 1: before we get to more about the actual race, I 56 00:03:14,560 --> 00:03:16,400 Speaker 1: want you to just tell us a little bit about 57 00:03:16,520 --> 00:03:20,160 Speaker 1: what the automobiles, what the Lambeaus were doing at West 58 00:03:20,200 --> 00:03:25,440 Speaker 1: Point Trent, right, So, uh this weekend, UH, there was 59 00:03:25,560 --> 00:03:29,520 Speaker 1: a car show the Ramapo Concore uh not too far 60 00:03:29,560 --> 00:03:32,360 Speaker 1: away from the Prestige family of dealerships right up in 61 00:03:32,400 --> 00:03:36,960 Speaker 1: North Jersey around along Route seventeen. But from there on 62 00:03:37,000 --> 00:03:39,960 Speaker 1: Sunday there was there was a pretty good, pretty big gathering, 63 00:03:40,000 --> 00:03:42,000 Speaker 1: pretty big drive where a lot of the cars that 64 00:03:42,040 --> 00:03:46,000 Speaker 1: competed in this concour ended up driving to West Point. 65 00:03:46,800 --> 00:03:49,400 Speaker 1: One of the cars that did go to West Point 66 00:03:49,560 --> 00:03:53,720 Speaker 1: was the number one car are one of our Hurricane 67 00:03:53,720 --> 00:03:58,120 Speaker 1: supertrafos that our teammate unfortunately couldn't join us today drives 68 00:03:58,160 --> 00:04:00,600 Speaker 1: he's in the Pro class. That car is been wrapped 69 00:04:00,680 --> 00:04:05,840 Speaker 1: in a really really cool uh camouflage American flag kind 70 00:04:05,840 --> 00:04:09,680 Speaker 1: of mash up uh for the Wish for Our Heroes Foundation. 71 00:04:10,120 --> 00:04:12,920 Speaker 1: So we were trying to raise awareness, race support and 72 00:04:12,920 --> 00:04:15,760 Speaker 1: and ultimately funds to help support the Wish for Our 73 00:04:15,760 --> 00:04:18,719 Speaker 1: Heroes Foundation. But we brought the car over to West Point, 74 00:04:18,720 --> 00:04:20,560 Speaker 1: had it sitting right in front of the Fair Hotel 75 00:04:20,920 --> 00:04:24,080 Speaker 1: all day yesterday and it was just an absolutely unbelievable site. 76 00:04:24,800 --> 00:04:29,839 Speaker 1: So David, you uh started out in banking, that's correct 77 00:04:30,000 --> 00:04:32,279 Speaker 1: in Canada, and I guess you did well enough that 78 00:04:32,320 --> 00:04:34,679 Speaker 1: you could go down to Florida and start racing cars. 79 00:04:34,680 --> 00:04:38,039 Speaker 1: So what what category of driver are you and how 80 00:04:38,040 --> 00:04:39,839 Speaker 1: big of how big a part of that is a 81 00:04:39,880 --> 00:04:44,360 Speaker 1: super torfeo racing and particularly with the Lamborghinis, Well, I'm 82 00:04:44,400 --> 00:04:47,200 Speaker 1: I'm driving to back in the past, I would have 83 00:04:47,279 --> 00:04:50,320 Speaker 1: considered a gentleman driver back in the past, even though 84 00:04:50,320 --> 00:04:53,760 Speaker 1: I was driving in a prototype class. Today I'm I'm 85 00:04:54,560 --> 00:04:58,440 Speaker 1: qualified as an amateur driver and I'm teamed with a professional. 86 00:04:58,520 --> 00:05:01,680 Speaker 1: My my co driver was Stepan Wilson, who was in 87 00:05:01,680 --> 00:05:04,080 Speaker 1: the Inn five hundred a few weeks ago. So it's 88 00:05:04,160 --> 00:05:06,080 Speaker 1: nice to have good someone good with you in the 89 00:05:06,120 --> 00:05:08,440 Speaker 1: advantage of doing that is that the two of you 90 00:05:08,480 --> 00:05:10,719 Speaker 1: can work as a team to help one another. And 91 00:05:10,760 --> 00:05:14,120 Speaker 1: the idea is is because car racing, like what we're doing, 92 00:05:14,200 --> 00:05:16,880 Speaker 1: is meant to be something that increases the value of 93 00:05:16,880 --> 00:05:19,800 Speaker 1: the brand. It gets customers in touch with what the 94 00:05:19,839 --> 00:05:22,719 Speaker 1: cars can really do as well as to show people 95 00:05:22,720 --> 00:05:26,279 Speaker 1: that it's fun and prestige. Basically pulls together a total 96 00:05:26,320 --> 00:05:29,440 Speaker 1: package where they want to have their clients, others outside 97 00:05:29,440 --> 00:05:31,840 Speaker 1: in the world as well as the drivers to see 98 00:05:32,160 --> 00:05:34,600 Speaker 1: this is what cars are all about. Because America is 99 00:05:34,640 --> 00:05:37,240 Speaker 1: a country that's really a lot of its foundation is 100 00:05:37,240 --> 00:05:40,040 Speaker 1: around the automotive business, and what we're doing is putting 101 00:05:40,440 --> 00:05:43,919 Speaker 1: the public in touch with these unbelievably fast cars. Because 102 00:05:43,920 --> 00:05:47,160 Speaker 1: these aren't play toys where you just take a Lamborghinian 103 00:05:47,279 --> 00:05:49,440 Speaker 1: and slap some paint on it. This is a purpose 104 00:05:49,440 --> 00:05:52,520 Speaker 1: built race car that's pretty quick, Trent. This is what 105 00:05:52,640 --> 00:05:54,680 Speaker 1: a V ten. We're talking about a five point to 106 00:05:54,880 --> 00:05:57,800 Speaker 1: Leader V ten with a seven speed dual clutch automated 107 00:05:57,839 --> 00:06:00,920 Speaker 1: manual transmission. Yes, Sarah, so it's a point to Leader 108 00:06:00,960 --> 00:06:04,839 Speaker 1: Audi derived Lamborghini developed UH five point two Leader V 109 00:06:04,960 --> 00:06:08,600 Speaker 1: ten pushing out about six hundred and twenty horsepower. UH. 110 00:06:08,720 --> 00:06:11,440 Speaker 1: Certainly can do a bit more, but the powers cut 111 00:06:11,440 --> 00:06:17,640 Speaker 1: back just a bit for reliability sake, UH cars rpm. 112 00:06:17,720 --> 00:06:20,039 Speaker 1: So if you can imagine a five point two Leader 113 00:06:20,120 --> 00:06:23,240 Speaker 1: V tens screaming at eight thousand rpm, it's uh, it's 114 00:06:23,320 --> 00:06:27,159 Speaker 1: it's quite a thing to behold. Um. It is a 115 00:06:27,320 --> 00:06:32,520 Speaker 1: six speed UH double clutch paddle actuated transmission, specifically a 116 00:06:32,600 --> 00:06:35,640 Speaker 1: race gearbox. Not really something you'd find on the road. Again, 117 00:06:35,800 --> 00:06:39,640 Speaker 1: more for reliability sake, unless you happened to be in 118 00:06:39,680 --> 00:06:42,520 Speaker 1: the Italian police department, because I understand the LP six 119 00:06:42,560 --> 00:06:45,840 Speaker 1: ten four is the official police car version of going well, 120 00:06:45,880 --> 00:06:47,479 Speaker 1: but at least you didn't start out in policing. You 121 00:06:47,600 --> 00:06:50,279 Speaker 1: started out in racing. How did you get into racing, 122 00:06:50,320 --> 00:06:53,719 Speaker 1: your young man, what's the what's the career path? Right? So, 123 00:06:53,960 --> 00:06:56,640 Speaker 1: I've been very lucky, very fortunate to be given opportunities 124 00:06:56,680 --> 00:07:00,000 Speaker 1: from a very young age. My father originally grew up 125 00:07:00,640 --> 00:07:03,359 Speaker 1: in South Jersey on the water. He raced boats for 126 00:07:03,360 --> 00:07:06,080 Speaker 1: a little while, but then once I was thought of, 127 00:07:06,120 --> 00:07:08,840 Speaker 1: once I started to come around, yeah, my mom more 128 00:07:08,880 --> 00:07:10,760 Speaker 1: or less put an end to his racing career. So 129 00:07:10,880 --> 00:07:13,200 Speaker 1: ultimately I just grew up as a race fan, watching 130 00:07:13,320 --> 00:07:16,200 Speaker 1: Formula One races on Sunday mornings with him. Ended up 131 00:07:16,240 --> 00:07:19,840 Speaker 1: getting into motocross around the age of four, started racing 132 00:07:19,880 --> 00:07:22,000 Speaker 1: cards at the age of eight, and ultimately cars at 133 00:07:22,000 --> 00:07:25,800 Speaker 1: the age of thirteen. Gentlemen, good luck, Thank you so 134 00:07:25,880 --> 00:07:28,920 Speaker 1: much for joining us in studio of the Street's Performance 135 00:07:29,080 --> 00:07:32,160 Speaker 1: Racing team telling us about the Lamborghini Super Treferial North 136 00:07:32,200 --> 00:07:35,680 Speaker 1: America Series at the end of June, then Watkins if 137 00:07:35,680 --> 00:07:39,600 Speaker 1: you want more information. Thanks to Trent Kinderman and also 138 00:07:39,800 --> 00:07:42,760 Speaker 1: thanks to David Seabrook. This is taking Stock on Bomberg Radio. 139 00:07:46,120 --> 00:07:50,440 Speaker 1: Coming up on taking Stock. It won eleven Tony awards. Yes, 140 00:07:50,640 --> 00:07:55,520 Speaker 1: the hip hop infused blockbuster musical Hamilton's will be speaking 141 00:07:55,560 --> 00:07:57,680 Speaker 1: about the business of Broadway next