1 00:00:00,080 --> 00:00:10,160 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. Welcome to the Bloomberg 2 00:00:10,240 --> 00:00:15,920 Speaker 1: This Weekend Podcast with David Gura, Christina Raffini, and Lisa Matteo. 3 00:00:17,680 --> 00:00:20,560 Speaker 2: Thanks for joining us for today's selection of conversations from 4 00:00:20,600 --> 00:00:20,959 Speaker 2: the show. 5 00:00:21,200 --> 00:00:23,479 Speaker 3: You can listen to our favorite discussions right here on 6 00:00:23,520 --> 00:00:25,800 Speaker 3: the podcast, but also make sure to join us live 7 00:00:25,960 --> 00:00:28,960 Speaker 3: every Saturday and Sunday morning, starting at seven am Easter. 8 00:00:29,160 --> 00:00:32,760 Speaker 4: We're on Bloomberg Television, Radio and the Bloomberg Business App, 9 00:00:33,040 --> 00:00:38,240 Speaker 4: bringing you unique takes and in depth interviews on news, politics, lifestyle, 10 00:00:38,360 --> 00:00:39,080 Speaker 4: and culture. 11 00:00:40,600 --> 00:00:43,080 Speaker 2: All right, President Trump says a potential deal with Iron 12 00:00:43,159 --> 00:00:45,920 Speaker 2: as we've been talking about, may now be within reach, 13 00:00:46,240 --> 00:00:48,320 Speaker 2: announcing on social media last night that the deal is 14 00:00:48,400 --> 00:00:51,240 Speaker 2: quote largely negotiated and could be finalized soon. 15 00:00:51,400 --> 00:00:53,720 Speaker 3: But even its the White House signals optimism about diplomacy. 16 00:00:53,760 --> 00:00:56,360 Speaker 3: There are some major questions that remain about what concessions 17 00:00:56,360 --> 00:00:58,440 Speaker 3: may be on the table, whether Congress will have any 18 00:00:58,520 --> 00:01:01,600 Speaker 3: role in these negotiations, and how members of President Trump's 19 00:01:01,600 --> 00:01:04,600 Speaker 3: own party are responding to the possibility of a deal. 20 00:01:04,800 --> 00:01:07,120 Speaker 2: Back with us, we have Jamina Rossecci also joining us, 21 00:01:07,160 --> 00:01:10,800 Speaker 2: our Bloomberg's managing editor of America's Weekend, Kevin whitelaw and politicals. 22 00:01:10,840 --> 00:01:14,039 Speaker 2: White House reporter Sophia Kai. Sophia, you're our guest this morning. 23 00:01:14,120 --> 00:01:15,840 Speaker 2: Let's start with you. Thank you for joining us. 24 00:01:16,200 --> 00:01:16,800 Speaker 3: I'm wondering. 25 00:01:16,920 --> 00:01:18,160 Speaker 2: I think I know the answer, but I'm going to 26 00:01:18,200 --> 00:01:21,120 Speaker 2: ask it anyway. I'm wondering if we've heard any updates 27 00:01:21,120 --> 00:01:22,559 Speaker 2: from the White House. You know, we had this truth 28 00:01:22,600 --> 00:01:26,160 Speaker 2: social post very bullish on potentially reaching a deal from 29 00:01:26,200 --> 00:01:28,240 Speaker 2: the President last night, and so far it's been a 30 00:01:28,280 --> 00:01:31,200 Speaker 2: little bit quiet this morning. Any inclination that this is 31 00:01:31,240 --> 00:01:32,880 Speaker 2: real and that officials are going to be able to 32 00:01:32,880 --> 00:01:35,080 Speaker 2: get something across the line in time for us to 33 00:01:35,120 --> 00:01:36,920 Speaker 2: announce before Monday morning starts. 34 00:01:38,640 --> 00:01:41,199 Speaker 5: You know, we've got a holiday weekend, so of course 35 00:01:41,280 --> 00:01:44,399 Speaker 5: Tuesday is another big day. But we've not heard anything 36 00:01:44,480 --> 00:01:47,480 Speaker 5: since last night. You know, this Iran deal has been 37 00:01:47,600 --> 00:01:51,920 Speaker 5: very complex, and what we saw White House officials and 38 00:01:52,000 --> 00:01:54,280 Speaker 5: a lot of White House allies yesterday I do was 39 00:01:54,320 --> 00:01:58,240 Speaker 5: they started batting down criticism from within their own party 40 00:01:58,920 --> 00:02:02,040 Speaker 5: about contours of a deal that nobody really knows what's 41 00:02:02,080 --> 00:02:02,320 Speaker 5: in it. 42 00:02:03,240 --> 00:02:06,000 Speaker 2: A lot of criticism so we've been talking about I mean, 43 00:02:06,320 --> 00:02:09,680 Speaker 2: not only from very strong allies of the president, including 44 00:02:09,720 --> 00:02:13,160 Speaker 2: Lindsay Graham, Ted Cruz and others, but even from Mike 45 00:02:13,800 --> 00:02:17,880 Speaker 2: Roger and a White House official got into a spat 46 00:02:17,960 --> 00:02:21,639 Speaker 2: with former Secretary of State under Trump Mike Pompeo, who 47 00:02:21,639 --> 00:02:23,560 Speaker 2: had been the person when I was covering him who 48 00:02:23,800 --> 00:02:26,280 Speaker 2: was the advocate of pulling out of the original Iron 49 00:02:26,360 --> 00:02:29,519 Speaker 2: nuclear deal, basically saying this is not far enough. Either 50 00:02:29,560 --> 00:02:31,120 Speaker 2: finished the job or why did we do it in 51 00:02:31,160 --> 00:02:31,799 Speaker 2: the first place. 52 00:02:32,720 --> 00:02:35,800 Speaker 5: That's exactly it. Including Senator Lindsay Graham. I mean, we 53 00:02:35,840 --> 00:02:40,000 Speaker 5: saw a spat between Senator Ted Cruz and Alex bruce Witz, 54 00:02:40,040 --> 00:02:43,280 Speaker 5: who's an important White House ally that only raises more 55 00:02:43,360 --> 00:02:46,800 Speaker 5: questions about what is in the deal. Where are the 56 00:02:46,840 --> 00:02:51,519 Speaker 5: conversations now and where is the administration's read line about 57 00:02:51,520 --> 00:02:54,280 Speaker 5: what they're able to accept? I think, you know, very 58 00:02:54,400 --> 00:02:59,000 Speaker 5: rarely do you see this sort of widespread criticism of 59 00:02:59,120 --> 00:03:02,119 Speaker 5: conservatives of their own allies that they've been working with 60 00:03:02,200 --> 00:03:03,800 Speaker 5: on Iran Jabana. 61 00:03:03,880 --> 00:03:06,320 Speaker 3: Let me ask you a basic fundamental question here is 62 00:03:07,400 --> 00:03:09,440 Speaker 3: what are we talking about. I look at the Wall 63 00:03:09,440 --> 00:03:12,320 Speaker 3: Street Journal this morning. The agreement, if completed, wouldn't achieve 64 00:03:12,320 --> 00:03:15,359 Speaker 3: Trump's main goal of preventing Iran from ever acquiring a 65 00:03:15,440 --> 00:03:18,440 Speaker 3: nuclear weapon. We you and the two of us have 66 00:03:18,480 --> 00:03:21,119 Speaker 3: talked about this over many weeks, the evolving rationale for 67 00:03:21,400 --> 00:03:23,560 Speaker 3: this conflict in the Middle East, but so central to it, 68 00:03:23,600 --> 00:03:25,079 Speaker 3: and the refrain we've hear it over and over again 69 00:03:25,120 --> 00:03:27,400 Speaker 3: from the President is Iran can never be allowed to 70 00:03:27,440 --> 00:03:29,920 Speaker 3: have a nuclear weapon. Now, it seems again from the 71 00:03:29,919 --> 00:03:32,080 Speaker 3: reporting that we're piecing together this morning, that might not 72 00:03:32,120 --> 00:03:34,000 Speaker 3: be fundamental to this, that might not be a core 73 00:03:34,040 --> 00:03:36,560 Speaker 3: tenant of this fourteen point plan that the President is 74 00:03:36,600 --> 00:03:37,480 Speaker 3: talking about. 75 00:03:37,680 --> 00:03:39,800 Speaker 6: Looka, it goes back to what we've been discussing of 76 00:03:39,840 --> 00:03:42,000 Speaker 6: the course of the last three months, which is what 77 00:03:42,160 --> 00:03:45,160 Speaker 6: exactly were the US's military objectives here, and they seem 78 00:03:45,240 --> 00:03:48,760 Speaker 6: to evolve and change over the course of the war 79 00:03:49,400 --> 00:03:51,880 Speaker 6: since the Seas Fire, but more recently President Trump has 80 00:03:51,920 --> 00:03:54,640 Speaker 6: been reiterating that the main goal was to ensure that 81 00:03:54,640 --> 00:03:56,920 Speaker 6: Iran would not go on to develop a nuclear weapon. 82 00:03:57,640 --> 00:04:00,440 Speaker 6: Does this MoU or this framework it's going to be 83 00:04:00,440 --> 00:04:03,080 Speaker 6: announced address that We simply don't know because we don't 84 00:04:03,120 --> 00:04:06,400 Speaker 6: have the details yet. But what has emerged is another 85 00:04:06,480 --> 00:04:09,200 Speaker 6: essential issue that didn't exist before the war, and that 86 00:04:09,320 --> 00:04:13,320 Speaker 6: is the fate of the Strait of hormones. Before the war, remember, 87 00:04:13,440 --> 00:04:16,359 Speaker 6: ships were passing through unconditionally. There was no concern at 88 00:04:16,400 --> 00:04:18,960 Speaker 6: all about this key maritime passage. And here we are 89 00:04:19,000 --> 00:04:23,080 Speaker 6: three months later. Iran have identified that this is a 90 00:04:23,200 --> 00:04:25,320 Speaker 6: key point of leverage that they are going to continue 91 00:04:25,360 --> 00:04:28,039 Speaker 6: to have over Gulf States and over the global economy, 92 00:04:28,480 --> 00:04:32,640 Speaker 6: and they are using that leverage to extract concessions from 93 00:04:32,680 --> 00:04:35,760 Speaker 6: the US on what it would appear to be economic sanctions, 94 00:04:35,920 --> 00:04:39,640 Speaker 6: on some relief on the acts, fund freezing and so forth. 95 00:04:39,680 --> 00:04:42,120 Speaker 6: And that is just being addressed in the first phase 96 00:04:42,200 --> 00:04:45,880 Speaker 6: of these discussions, as are being widely reported. The nuclear file, 97 00:04:46,000 --> 00:04:49,360 Speaker 6: which is central to why the US entered into the 98 00:04:49,400 --> 00:04:51,520 Speaker 6: war in the first place, is going to be deferred 99 00:04:51,520 --> 00:04:54,160 Speaker 6: to later. And we don't even know at this point 100 00:04:54,200 --> 00:04:58,239 Speaker 6: what exactly Iran are committing to, and judging by again 101 00:04:58,560 --> 00:05:01,960 Speaker 6: what news outlets are reported, Iran are only making verbal 102 00:05:01,960 --> 00:05:03,919 Speaker 6: commitments at this point that they will not go on 103 00:05:03,960 --> 00:05:06,880 Speaker 6: to build a nuclear weapon. Again, there seems to be 104 00:05:06,960 --> 00:05:09,839 Speaker 6: a lot of difference between the various time frames that 105 00:05:09,880 --> 00:05:12,240 Speaker 6: the US are pushing forward versus what Iran are willing 106 00:05:12,279 --> 00:05:16,760 Speaker 6: to accept on their suspension of uranium enrichment and then 107 00:05:16,800 --> 00:05:20,040 Speaker 6: of course, the fate of that highly enriched uranium stock file, 108 00:05:20,880 --> 00:05:23,400 Speaker 6: with various reports again over the last couple of days 109 00:05:23,440 --> 00:05:26,279 Speaker 6: saying that the new Supreme Leader is saying that under 110 00:05:26,279 --> 00:05:29,680 Speaker 6: no circumstances will that highly enriched stockpile actually ever leave Iran. 111 00:05:30,160 --> 00:05:33,719 Speaker 6: Another option is for that stockpile to be diluted. And 112 00:05:33,760 --> 00:05:36,240 Speaker 6: by the way, this is just the nuclear file. We're 113 00:05:36,279 --> 00:05:38,960 Speaker 6: not even talking about the proxies that Iran fund around 114 00:05:39,000 --> 00:05:42,279 Speaker 6: the region, which is a clear point of consideration for 115 00:05:42,520 --> 00:05:45,480 Speaker 6: Gulf states and for Israel. And the other point is 116 00:05:45,560 --> 00:05:49,279 Speaker 6: the ballistic weapons that they're still sitting on. And yes, 117 00:05:49,360 --> 00:05:52,640 Speaker 6: the US and Israel have managed to inflict a lot 118 00:05:52,680 --> 00:05:56,200 Speaker 6: of military damage and industry damage, but Iran still have 119 00:05:56,279 --> 00:05:59,240 Speaker 6: the ability to go back and rebuild over the coming years. 120 00:05:59,279 --> 00:06:00,880 Speaker 6: And I think this is to be a key point 121 00:06:00,880 --> 00:06:04,960 Speaker 6: of concern as we think about the long term effects 122 00:06:04,960 --> 00:06:07,440 Speaker 6: of this war. And here's the cam Kevin. 123 00:06:07,520 --> 00:06:09,880 Speaker 2: I do want to pick up on what Jimana was 124 00:06:09,880 --> 00:06:11,800 Speaker 2: talking about, what we've talked about as well, and that's 125 00:06:11,839 --> 00:06:14,479 Speaker 2: these disconnects already from the messaging we're seeing from these 126 00:06:14,520 --> 00:06:17,280 Speaker 2: two governments, especially when it comes to two things. One 127 00:06:17,360 --> 00:06:19,760 Speaker 2: is the straight and the other is the nuclear program. 128 00:06:19,800 --> 00:06:22,600 Speaker 2: New York Times is reporting two US officials said that 129 00:06:22,640 --> 00:06:25,200 Speaker 2: Tehran has agreed to give up a stockpile of highly 130 00:06:25,320 --> 00:06:28,800 Speaker 2: enrich uranium, but three senior Iranian officials so the deal 131 00:06:28,880 --> 00:06:31,880 Speaker 2: said nothing about the fate of Iran's nuclear program, and 132 00:06:31,920 --> 00:06:34,039 Speaker 2: that's something that's going to be negotiated within thirty to 133 00:06:34,080 --> 00:06:36,880 Speaker 2: sixty days. Critics of the way these negotiations have been 134 00:06:36,880 --> 00:06:39,600 Speaker 2: going even before now have pointed out there has been 135 00:06:39,640 --> 00:06:42,479 Speaker 2: a sequencing issue. If the US wants to do this 136 00:06:42,600 --> 00:06:44,920 Speaker 2: in stages, it has to give up its leverage, which 137 00:06:44,960 --> 00:06:46,560 Speaker 2: is the blockade in the Strait, in order to get 138 00:06:46,600 --> 00:06:49,559 Speaker 2: to those nuclear talks. At which point, why would Iron 139 00:06:49,640 --> 00:06:50,680 Speaker 2: agree to any of this? 140 00:06:52,160 --> 00:06:54,480 Speaker 7: Well, look, I think this has been a problem all 141 00:06:54,480 --> 00:06:58,240 Speaker 7: along with these negotiations have gone on in you know, 142 00:06:58,480 --> 00:07:02,520 Speaker 7: there were nuclear time hawks. They were then cut short 143 00:07:02,560 --> 00:07:05,640 Speaker 7: by the attacks. So I think we have a massive, 144 00:07:05,720 --> 00:07:09,040 Speaker 7: massive trust problem on both sides. We clearly have very 145 00:07:09,080 --> 00:07:12,760 Speaker 7: different messaging to in many cases, I think domestic audiences 146 00:07:12,800 --> 00:07:15,640 Speaker 7: that about what is in the deal and what isn't 147 00:07:15,640 --> 00:07:18,640 Speaker 7: in the deal. I think the best way to probably 148 00:07:18,640 --> 00:07:21,480 Speaker 7: think about this is this may well be a brief 149 00:07:21,520 --> 00:07:23,720 Speaker 7: cease fire, whether that's one month, two months, you know, 150 00:07:23,760 --> 00:07:26,400 Speaker 7: sixty days is the number that seems to be the 151 00:07:26,400 --> 00:07:30,600 Speaker 7: most solid. At this point, it's unclear if there's any 152 00:07:30,720 --> 00:07:34,000 Speaker 7: movement whatsoever on any of these key issues we've been 153 00:07:34,040 --> 00:07:37,040 Speaker 7: talking about. So it doesn't mean that there's a piece deal. 154 00:07:37,080 --> 00:07:38,640 Speaker 7: It just means that there may be an agreement not 155 00:07:38,680 --> 00:07:41,120 Speaker 7: to shoot each other for a little while and maybe 156 00:07:41,240 --> 00:07:43,200 Speaker 7: allow at least some ships to go through the Strait 157 00:07:43,280 --> 00:07:45,960 Speaker 7: and at least temporarily ease some of the pricing pressure 158 00:07:45,960 --> 00:07:48,720 Speaker 7: that we've seen in the oil markets. That may be 159 00:07:49,440 --> 00:07:52,120 Speaker 7: what Trump is trying to do there. Look, there's also 160 00:07:52,160 --> 00:07:54,920 Speaker 7: an outside there's also an outside case that that, you know, 161 00:07:55,240 --> 00:07:57,120 Speaker 7: the US is going to put down what it thinks 162 00:07:57,120 --> 00:08:00,600 Speaker 7: the deal is and lettern reject it, and then the 163 00:08:00,640 --> 00:08:02,720 Speaker 7: Hawks and the administration will say, well, now it's time 164 00:08:02,760 --> 00:08:08,280 Speaker 7: to to strike again. But it is very clear that 165 00:08:08,280 --> 00:08:11,280 Speaker 7: Trump is feeling the pressure, the political pressure, to get 166 00:08:11,320 --> 00:08:13,800 Speaker 7: out of this conflict, to stop it. He wants to, 167 00:08:13,880 --> 00:08:16,240 Speaker 7: he wants to be done with it. And so if 168 00:08:16,320 --> 00:08:21,680 Speaker 7: this arrangement, this MoU the sixty days plan, gives him 169 00:08:21,720 --> 00:08:24,040 Speaker 7: a way out, he may well try to seize it. 170 00:08:24,680 --> 00:08:27,280 Speaker 3: Sophia, let's talk more about this kind of popoury of pushback, 171 00:08:27,320 --> 00:08:30,720 Speaker 3: these posts of pushback from members of the president's own party. 172 00:08:30,920 --> 00:08:33,320 Speaker 3: I'm curious if you think that those are entirely grounded 173 00:08:33,360 --> 00:08:36,720 Speaker 3: in principle, if that's how you read those, or incumbent 174 00:08:36,760 --> 00:08:39,840 Speaker 3: in them. Is this awareness that the midterms are right 175 00:08:39,880 --> 00:08:41,480 Speaker 3: around the corner. We've got to get through these these 176 00:08:41,920 --> 00:08:46,240 Speaker 3: runoff in Texas this week, But there's increasing odjta among 177 00:08:46,320 --> 00:08:50,160 Speaker 3: Republicans about what this will mean going into those midterm elections. 178 00:08:50,160 --> 00:08:52,600 Speaker 3: And I'm curious when you see that level of pushback again, 179 00:08:52,640 --> 00:08:54,840 Speaker 3: does it have to do with long standing principle or 180 00:08:54,880 --> 00:08:56,040 Speaker 3: does it have to do with the fact that the 181 00:08:56,080 --> 00:08:58,800 Speaker 3: political realities are becoming so difficult for Republicans in particular. 182 00:09:00,360 --> 00:09:03,200 Speaker 5: Well, I think the president is the person who's really 183 00:09:03,280 --> 00:09:06,360 Speaker 5: feeling the political realities. I think the people that you're 184 00:09:06,400 --> 00:09:09,680 Speaker 5: hearing from are people who have principles when it comes 185 00:09:09,760 --> 00:09:12,760 Speaker 5: to Iran, and I think what they're reacting to is 186 00:09:12,800 --> 00:09:15,560 Speaker 5: this elephant in the room of are we in a 187 00:09:15,600 --> 00:09:19,640 Speaker 5: better spot now than we were before the US struck Iran? 188 00:09:19,679 --> 00:09:22,480 Speaker 5: And I think most of them are still inclined to 189 00:09:22,559 --> 00:09:26,600 Speaker 5: support the president's decision to strike Iran in the first place. 190 00:09:26,640 --> 00:09:31,600 Speaker 5: But I think as they've seen the events unfold, they're seeing, Okay, 191 00:09:31,679 --> 00:09:34,760 Speaker 5: they've still got their nuclear stockpilot, they've still got the 192 00:09:35,360 --> 00:09:38,400 Speaker 5: uranium we still and then they've in Iran has realized 193 00:09:38,440 --> 00:09:41,440 Speaker 5: that they've got this new leverage point of the Strait 194 00:09:41,480 --> 00:09:44,880 Speaker 5: of Hormuz. And I think the energy prices, somebody like 195 00:09:44,960 --> 00:09:47,679 Speaker 5: Susie Wilds in the White House has been concerned about 196 00:09:47,760 --> 00:09:52,199 Speaker 5: energy prices even before the Iran war. That is exacerbated 197 00:09:52,400 --> 00:09:57,120 Speaker 5: Susie's concerns. It's exacerbated the concerns of everybody in the 198 00:09:57,120 --> 00:10:00,800 Speaker 5: administration who cares about whether Republicans will hold the House. 199 00:10:01,480 --> 00:10:05,960 Speaker 5: And so that's kind of where we are. And Trump 200 00:10:06,040 --> 00:10:09,360 Speaker 5: in particular, he said when he came back from his 201 00:10:09,480 --> 00:10:12,680 Speaker 5: visit to China, he said, look, Americans don't want another 202 00:10:12,760 --> 00:10:17,359 Speaker 5: war of five thousand miles away. So he's very cognizant 203 00:10:17,400 --> 00:10:20,000 Speaker 5: that he kind of needs to come out of this 204 00:10:20,320 --> 00:10:22,760 Speaker 5: and show the American people that it was worth it. 205 00:10:23,160 --> 00:10:25,920 Speaker 5: And that second part of was this worth it is 206 00:10:26,160 --> 00:10:29,080 Speaker 5: something that his own allies are questioning right now. 207 00:10:29,480 --> 00:10:33,200 Speaker 2: Jamana, I'm wondering how golf allies feel about that same question, 208 00:10:33,360 --> 00:10:35,599 Speaker 2: because you brought up the other big outling thing that 209 00:10:35,640 --> 00:10:37,800 Speaker 2: I've seen in none of the reporting from either side 210 00:10:37,800 --> 00:10:40,520 Speaker 2: about what's in this deal, and that's the ballistic missile program, 211 00:10:40,600 --> 00:10:44,400 Speaker 2: which obviously is degraded but not put out, and defensive 212 00:10:44,400 --> 00:10:47,440 Speaker 2: stockpiles are degraded around the golf from trying to counter 213 00:10:47,520 --> 00:10:49,920 Speaker 2: those incoming munitions, especially at the start of the war. 214 00:10:50,200 --> 00:10:52,679 Speaker 2: The other things our colleagues have put together on Bloomberg 215 00:10:52,720 --> 00:10:54,680 Speaker 2: dot com and if you have a terminal, a very 216 00:10:54,760 --> 00:10:57,680 Speaker 2: interesting graph on what the state of play was before 217 00:10:57,720 --> 00:10:59,599 Speaker 2: the war and after the war. And one of the 218 00:10:59,640 --> 00:11:02,559 Speaker 2: ones that goes from green to red is the Strait 219 00:11:02,559 --> 00:11:05,720 Speaker 2: of Hormuz. Right before it was open, it wasn't an issue. 220 00:11:06,000 --> 00:11:08,880 Speaker 2: Now it's under Iran control or US blockade. And then 221 00:11:08,880 --> 00:11:11,679 Speaker 2: there are also talks and rumors of Oman and Iran 222 00:11:12,080 --> 00:11:16,880 Speaker 2: possibly collaborating on a toll system. Is there any guarantee 223 00:11:17,080 --> 00:11:19,520 Speaker 2: that if Iran doesn't like this deal in six months 224 00:11:19,559 --> 00:11:21,880 Speaker 2: to a year, it has this tool it didn't really 225 00:11:21,880 --> 00:11:23,720 Speaker 2: know what had before, and that it can close the 226 00:11:23,760 --> 00:11:25,600 Speaker 2: strait again? Doesn't it seem like the state of play 227 00:11:25,600 --> 00:11:27,720 Speaker 2: has fundamentally changed no matter what is in this deal. 228 00:11:28,600 --> 00:11:30,679 Speaker 6: Yeah, I do agree with you and I think this 229 00:11:31,080 --> 00:11:33,480 Speaker 6: we will look back at this moment, at this war 230 00:11:33,559 --> 00:11:36,040 Speaker 6: as a game changing war for the region, and namely 231 00:11:36,080 --> 00:11:39,520 Speaker 6: because Iran had discovered that they have number one, this 232 00:11:39,920 --> 00:11:42,360 Speaker 6: huge point of leverage around the Strait of Hormos, and 233 00:11:42,360 --> 00:11:45,800 Speaker 6: already on the back of that, you're seeing Gulf countries 234 00:11:46,480 --> 00:11:50,920 Speaker 6: look to diversify away and avoid passing through the Strait 235 00:11:50,960 --> 00:11:53,760 Speaker 6: of Hormos. UAE just announce that they're building another land 236 00:11:53,800 --> 00:11:58,080 Speaker 6: pipeline that should be completed by twenty twenty seven to 237 00:11:58,160 --> 00:12:01,040 Speaker 6: help transit more of the oil. And so the countries 238 00:12:01,080 --> 00:12:05,120 Speaker 6: that will stand to recover more quickly are the ones 239 00:12:05,160 --> 00:12:08,079 Speaker 6: that exactly have the ability to bypass the streets in 240 00:12:08,160 --> 00:12:10,240 Speaker 6: coming years, not the case for the likes of Iraq 241 00:12:10,280 --> 00:12:12,800 Speaker 6: and Kuwait, for example. But the other thing that you 242 00:12:12,840 --> 00:12:14,960 Speaker 6: mentioned is often overlooked. It's not just about the Strait 243 00:12:14,960 --> 00:12:18,040 Speaker 6: of Hormers. Iran has also demonstrated. It's demonstrated that they 244 00:12:18,080 --> 00:12:22,120 Speaker 6: can cause a significant amount of both psychological damage and 245 00:12:22,240 --> 00:12:26,160 Speaker 6: infrastructure damage just by sending over these low cost drones. 246 00:12:26,280 --> 00:12:29,000 Speaker 6: And while yes, most of them have been intercepted, the 247 00:12:29,040 --> 00:12:32,600 Speaker 6: UE interception rate very very high. That's not to say 248 00:12:32,760 --> 00:12:35,280 Speaker 6: that some of them didn't penetrate through the air defense 249 00:12:35,280 --> 00:12:38,240 Speaker 6: system and cause a significant amount of damage, which we're 250 00:12:38,280 --> 00:12:41,600 Speaker 6: still going to be processing and dealing with in the 251 00:12:41,640 --> 00:12:43,960 Speaker 6: coming months. So I think there is most definitely a 252 00:12:43,960 --> 00:12:48,320 Speaker 6: concern in the region that having a hostile and angry 253 00:12:48,440 --> 00:12:52,240 Speaker 6: neighbor on your doorstep is not an outcome that anybody 254 00:12:52,240 --> 00:12:54,840 Speaker 6: would have wished for, especially because some of these economies 255 00:12:54,920 --> 00:12:59,520 Speaker 6: are building up these visions that are underpinned by them 256 00:12:59,600 --> 00:13:03,320 Speaker 6: being an oasis of stability and a region that tends 257 00:13:03,360 --> 00:13:05,760 Speaker 6: to be quite unstable. And I think what's happened over 258 00:13:05,760 --> 00:13:08,760 Speaker 6: the past couple of months is that assumption has been challenged, 259 00:13:08,800 --> 00:13:11,040 Speaker 6: and that is why, to come back to what you 260 00:13:11,080 --> 00:13:14,400 Speaker 6: were saying, you have seen this shift in sentiment in 261 00:13:14,440 --> 00:13:17,160 Speaker 6: the last couple of weeks or so, and that all 262 00:13:17,200 --> 00:13:19,640 Speaker 6: of these Gulf states, including the UAE, who have been 263 00:13:19,679 --> 00:13:22,760 Speaker 6: the most hawkish, have actually been pushing for a diplomatic 264 00:13:22,800 --> 00:13:25,839 Speaker 6: solution because the risk of another escalation is so high 265 00:13:25,840 --> 00:13:29,600 Speaker 6: and it challenges that economic stability that they've been working 266 00:13:29,600 --> 00:13:31,960 Speaker 6: so hard to build. Does it solve all the problems, 267 00:13:32,360 --> 00:13:35,600 Speaker 6: absolutely not, but it is the more palatable option out 268 00:13:35,600 --> 00:13:37,240 Speaker 6: of the two options right now. 269 00:13:37,440 --> 00:13:39,520 Speaker 3: Jamoni Ricci, thank you very much. Appreciate you joining us 270 00:13:39,520 --> 00:13:41,400 Speaker 3: this morning. Kevin White, Los Sophia Kai, thanks for your 271 00:13:41,760 --> 00:13:44,560 Speaker 3: attendance on Bloomberg this weekend on this Sunday morning midst 272 00:13:44,520 --> 00:13:46,520 Speaker 3: so much breaking news. Hope to have you back soon. 273 00:13:46,559 --> 00:13:48,959 Speaker 3: And Christina again, we were in this waiting posture, waiting 274 00:13:49,000 --> 00:13:51,079 Speaker 3: to hear more. You know, I think the way that 275 00:13:51,120 --> 00:13:54,360 Speaker 3: we responded that post yesterday was this seems imminent, but 276 00:13:54,400 --> 00:13:55,880 Speaker 3: we have been here before. We've talked about that over 277 00:13:55,880 --> 00:13:56,200 Speaker 3: the course of. 278 00:13:56,200 --> 00:13:58,440 Speaker 2: The one hundred percent and talking to Jeff this morning. 279 00:13:58,480 --> 00:14:01,040 Speaker 2: Jeff Mason earlier in the hours, he was saying that 280 00:14:01,080 --> 00:14:04,080 Speaker 2: they had thought something similar was happening even earlier this week. 281 00:14:04,320 --> 00:14:05,720 Speaker 2: They had a call set up. They were told to 282 00:14:05,720 --> 00:14:07,319 Speaker 2: come to a press conference. Usually you get a briefing 283 00:14:07,320 --> 00:14:08,560 Speaker 2: before this, and that got pulled. 284 00:14:08,360 --> 00:14:08,880 Speaker 3: Down as well. 285 00:14:09,120 --> 00:14:10,920 Speaker 2: So again a lot of moving parts. You know, it's 286 00:14:10,920 --> 00:14:12,960 Speaker 2: a plomacy. Nothing's agreed to until everything's greed. 287 00:14:12,960 --> 00:14:18,120 Speaker 3: Toru, stay with us for more on Bloomberg this weekend 288 00:14:18,440 --> 00:14:32,840 Speaker 3: right after this. Joining us now is Democratic Congressman Glenn 289 00:14:32,840 --> 00:14:34,760 Speaker 3: Ivy from the fourth District in Maryland. Great to have 290 00:14:34,800 --> 00:14:36,120 Speaker 3: you with us once again, and I'm going to rip 291 00:14:36,200 --> 00:14:37,960 Speaker 3: up the script here. We're going to get to Iran 292 00:14:38,000 --> 00:14:40,080 Speaker 3: in just a moment. But I know that you served 293 00:14:40,080 --> 00:14:43,040 Speaker 3: on the task force on the attempted assassination of Donald J. Trump, 294 00:14:43,680 --> 00:14:45,360 Speaker 3: and with that experience, I wanted to ask you to 295 00:14:45,400 --> 00:14:47,800 Speaker 3: comment on what we saw outside the White House yesterday. 296 00:14:48,440 --> 00:14:51,280 Speaker 3: Somebody who tried to get in, fired a weapon, was 297 00:14:51,320 --> 00:14:53,800 Speaker 3: shot dead by Secret Service as a result of that. 298 00:14:54,640 --> 00:14:57,200 Speaker 3: What do you make of that occurrence in conflidence what 299 00:14:57,200 --> 00:14:59,040 Speaker 3: we saw less than a month ago at the White House? 300 00:14:59,040 --> 00:15:03,840 Speaker 3: Correspondence associate the fact that the president is a target 301 00:15:03,880 --> 00:15:06,200 Speaker 3: here reporters or a target as well. How is your 302 00:15:06,240 --> 00:15:07,680 Speaker 3: focus shaped by the work that you did on that 303 00:15:07,720 --> 00:15:08,320 Speaker 3: test for us? 304 00:15:09,520 --> 00:15:12,800 Speaker 8: You know, there was a scenario yesterday where really the 305 00:15:12,840 --> 00:15:16,200 Speaker 8: guy wasn't any place near the president or any intended 306 00:15:16,280 --> 00:15:20,560 Speaker 8: target apparently, and I think he'd had two prior incidents 307 00:15:20,640 --> 00:15:22,640 Speaker 8: like that. He seemed to be someone trying to make 308 00:15:22,680 --> 00:15:26,320 Speaker 8: a statement more so than actually, you know, try and 309 00:15:26,360 --> 00:15:27,360 Speaker 8: get to the president. 310 00:15:28,200 --> 00:15:30,120 Speaker 9: Butler was a whole different scenario. 311 00:15:30,440 --> 00:15:34,640 Speaker 8: So that was one where, you know, another inch slightly 312 00:15:34,680 --> 00:15:37,960 Speaker 8: to the right, you know, he would have been killed. 313 00:15:38,320 --> 00:15:41,320 Speaker 8: And so you know, I think the Secret Service has 314 00:15:41,520 --> 00:15:44,360 Speaker 8: learned a lot from the mistakes that were made at 315 00:15:44,360 --> 00:15:48,000 Speaker 8: Butler and made improvements and adjustments. But you know, when 316 00:15:48,040 --> 00:15:51,240 Speaker 8: the president's out, especially at campaign events or open events 317 00:15:51,320 --> 00:15:53,520 Speaker 8: like that, those are going to be a bunch different 318 00:15:53,560 --> 00:15:57,520 Speaker 8: scenarios than when he's in the White House or safely 319 00:15:57,560 --> 00:16:00,680 Speaker 8: in sconsin side of a building with a you know, 320 00:16:00,800 --> 00:16:02,240 Speaker 8: extended perimeter around it. 321 00:16:02,920 --> 00:16:06,040 Speaker 2: After that incident, the president did, I would say, tweet, 322 00:16:06,040 --> 00:16:09,080 Speaker 2: but it's not. It's a truth social saying that you know, 323 00:16:09,200 --> 00:16:13,280 Speaker 2: presidents need a safe and secure place inferring. I think 324 00:16:13,320 --> 00:16:18,200 Speaker 2: that this his justification again for the ballroom yere on appropriations. 325 00:16:18,440 --> 00:16:20,080 Speaker 2: Do you think the president is going to get that 326 00:16:20,160 --> 00:16:22,320 Speaker 2: funding and do you think that's something that's needed. 327 00:16:24,040 --> 00:16:28,200 Speaker 8: Well, no, I don't think that it's needed. I mean, let's, 328 00:16:28,280 --> 00:16:32,080 Speaker 8: for example, if you built the ballroom, I guess the 329 00:16:32,120 --> 00:16:34,640 Speaker 8: suggestion he's making is that every event he would do 330 00:16:34,680 --> 00:16:38,200 Speaker 8: publicly would be in the ballroom, which of course is preposterous. 331 00:16:38,240 --> 00:16:40,640 Speaker 8: The president has to go around and you know, do 332 00:16:41,120 --> 00:16:44,600 Speaker 8: events out or out about the country and overseas, So 333 00:16:44,840 --> 00:16:47,280 Speaker 8: building the ballroom doesn't fix the issues that we saw 334 00:16:47,320 --> 00:16:49,960 Speaker 8: at Butler unless he wants to cloister himself in the 335 00:16:49,960 --> 00:16:51,200 Speaker 8: White House for the rest. 336 00:16:50,960 --> 00:16:53,080 Speaker 9: Of his term, and I know that he doesn't. 337 00:16:53,320 --> 00:16:55,520 Speaker 8: The other part of that, too is when people are 338 00:16:55,560 --> 00:16:59,080 Speaker 8: running for president, they haven't been elected yet, we're still 339 00:16:59,080 --> 00:17:01,680 Speaker 8: going to have the same issues about them campaigning outside 340 00:17:01,680 --> 00:17:03,320 Speaker 8: of the White House because they can't do it in 341 00:17:03,360 --> 00:17:06,320 Speaker 8: the White House. To start with, that's government property, and 342 00:17:06,359 --> 00:17:09,560 Speaker 8: you can't do a campaign on government property. So it's 343 00:17:09,600 --> 00:17:12,640 Speaker 8: a total red heiring from that perspective, whether it gets 344 00:17:12,680 --> 00:17:16,320 Speaker 8: the funding or not. I think even the Senate Republicans 345 00:17:16,359 --> 00:17:20,639 Speaker 8: were balking at the amount and the change in the ask. 346 00:17:20,680 --> 00:17:23,600 Speaker 8: I think initially when he floated this, all the money 347 00:17:23,680 --> 00:17:25,520 Speaker 8: was going to come from the private sector, which I 348 00:17:25,560 --> 00:17:28,679 Speaker 8: think is still inappropriate because of the potential influence. But 349 00:17:29,320 --> 00:17:32,119 Speaker 8: you know now it's a billion dollars from taxpayer money. 350 00:17:32,440 --> 00:17:34,280 Speaker 8: I just I don't see why we would want to 351 00:17:34,280 --> 00:17:34,640 Speaker 8: do that. 352 00:17:34,920 --> 00:17:37,119 Speaker 3: I love that shade from the House Appropriations. Even the 353 00:17:37,119 --> 00:17:41,040 Speaker 3: Senate appropriators were bulking at that at that amount. Let 354 00:17:41,040 --> 00:17:42,679 Speaker 3: me ask you to respond to what we heard from 355 00:17:42,680 --> 00:17:45,040 Speaker 3: the President yesterday, So how you're thinking about the prospects 356 00:17:45,080 --> 00:17:47,000 Speaker 3: of a deal here. Yes, you said on appropriations, your 357 00:17:47,000 --> 00:17:49,800 Speaker 3: remitn't strictly in foreign affairs, but you're thinking, I'm sure 358 00:17:49,800 --> 00:17:51,840 Speaker 3: about the cost of this war, the widening cost and 359 00:17:51,880 --> 00:17:55,040 Speaker 3: remit of this war. Where do you think we are 360 00:17:55,080 --> 00:17:58,200 Speaker 3: in these negotiations? Are you satisfied the Congress at least 361 00:17:58,240 --> 00:18:01,040 Speaker 3: has enough blanket awareness of what's going on on these negotiations. 362 00:18:02,440 --> 00:18:04,680 Speaker 9: No, I think we've been totally marginalized. 363 00:18:04,720 --> 00:18:08,879 Speaker 8: I know there's you know, the their lead House members 364 00:18:08,880 --> 00:18:11,919 Speaker 8: and Senate members on foreign affairs and intelligence and the like, 365 00:18:12,600 --> 00:18:15,359 Speaker 8: and the leaders are supposed to get additional information, and 366 00:18:15,359 --> 00:18:17,240 Speaker 8: maybe they are, but don't. 367 00:18:17,359 --> 00:18:18,000 Speaker 9: I haven't been. 368 00:18:17,920 --> 00:18:20,160 Speaker 8: Hearing exactly what that is, and I think they've been 369 00:18:20,160 --> 00:18:24,879 Speaker 8: frustrated as well. So the other problem too is, you know, 370 00:18:24,880 --> 00:18:26,639 Speaker 8: there's no other way to say it, but you know, 371 00:18:26,840 --> 00:18:29,560 Speaker 8: the administration lies all the time about the status of 372 00:18:29,600 --> 00:18:32,800 Speaker 8: these negotiations. He's been saying they're close to a deal 373 00:18:32,880 --> 00:18:36,119 Speaker 8: now for week after week and nothing seems to happen. 374 00:18:36,480 --> 00:18:39,160 Speaker 8: And the one time where they did actually float specifics, 375 00:18:40,400 --> 00:18:42,280 Speaker 8: you know, I think the things that I are on 376 00:18:42,359 --> 00:18:45,320 Speaker 8: had proposed were totally unaccepted. I'm hoping we can at 377 00:18:45,400 --> 00:18:47,560 Speaker 8: least get back to a place where we were as 378 00:18:47,600 --> 00:18:50,320 Speaker 8: well off as we were under the Obama treaty at 379 00:18:50,320 --> 00:18:55,520 Speaker 8: this point, please just reopen the straight of hor moves first, first, 380 00:18:55,560 --> 00:18:58,560 Speaker 8: and foremost to talk about doing something with respect to 381 00:18:58,560 --> 00:19:00,920 Speaker 8: the nuclear piece. I don't know that he can get 382 00:19:00,960 --> 00:19:03,879 Speaker 8: there from where he is. And even then, you know 383 00:19:03,920 --> 00:19:05,879 Speaker 8: he lied about I guess he said in June. I 384 00:19:05,920 --> 00:19:09,440 Speaker 8: thought he'd obliterated all of their nuclear capability, and here 385 00:19:09,480 --> 00:19:11,720 Speaker 8: we are again. So it's really hard to know what 386 00:19:12,200 --> 00:19:15,160 Speaker 8: you can believe from the administration or not. But at 387 00:19:15,160 --> 00:19:18,359 Speaker 8: a minimum, he needs to include Congress, you know, the 388 00:19:18,480 --> 00:19:21,840 Speaker 8: leadership from this House and the Senate, from both parties. 389 00:19:22,080 --> 00:19:24,160 Speaker 8: Let's work together and see if we can get out 390 00:19:24,200 --> 00:19:25,520 Speaker 8: of the mess that he's created. 391 00:19:26,119 --> 00:19:29,360 Speaker 2: Well, speaking of working together, there was a surprising about 392 00:19:29,480 --> 00:19:32,640 Speaker 2: amount of backlash from your Republican colleagues in both chambers 393 00:19:33,000 --> 00:19:37,040 Speaker 2: last night, responding to even the outlines of this potential deal, 394 00:19:37,160 --> 00:19:39,600 Speaker 2: saying it didn't go far enough. It left us in 395 00:19:39,640 --> 00:19:42,720 Speaker 2: a worse place than the US and the region were 396 00:19:42,800 --> 00:19:48,639 Speaker 2: before this conflict started. Watching people like Lindsay Graham, Ted Cruz, 397 00:19:48,760 --> 00:19:52,600 Speaker 2: stalwart allies of the president, come out openly on Twitter, 398 00:19:53,240 --> 00:19:55,720 Speaker 2: on x and Post that this is a bad idea. 399 00:19:56,160 --> 00:19:58,840 Speaker 2: Do you think that helps any kind of coalescence for 400 00:19:59,000 --> 00:20:00,520 Speaker 2: some of the things that Democrats I have been trying 401 00:20:00,560 --> 00:20:02,560 Speaker 2: to get done, and that is to curtail some of 402 00:20:02,560 --> 00:20:05,920 Speaker 2: this Pentagon funding or to actually pass a war Powers resolution. 403 00:20:07,520 --> 00:20:10,159 Speaker 8: I think we're going to get the War Powers resolution eventually, 404 00:20:10,200 --> 00:20:11,880 Speaker 8: and you know, I think it's going to be hard 405 00:20:11,960 --> 00:20:15,440 Speaker 8: for the Republicans to sustain the position that the war 406 00:20:15,480 --> 00:20:19,239 Speaker 8: should keep going when it's putting so much pain and 407 00:20:19,359 --> 00:20:22,199 Speaker 8: financial pain on the American people. You know, I just 408 00:20:22,200 --> 00:20:24,359 Speaker 8: filled up my gas tank yesterday in the car and 409 00:20:24,400 --> 00:20:27,040 Speaker 8: it was like over eighty dollars and I'm not driving 410 00:20:27,040 --> 00:20:30,479 Speaker 8: a big SUV. You know, gas costs a buck fifty 411 00:20:30,480 --> 00:20:33,160 Speaker 8: more than it did just a few months ago. Every 412 00:20:33,240 --> 00:20:36,000 Speaker 8: American's feeling that, and they're written their teeth at the 413 00:20:36,040 --> 00:20:38,400 Speaker 8: Trump administration every time they have to pay for that 414 00:20:39,119 --> 00:20:42,400 Speaker 8: for that tank of gas. So I think that's unsustainable. 415 00:20:42,680 --> 00:20:45,000 Speaker 8: The problem is he's paid himself into a corner though. 416 00:20:45,080 --> 00:20:48,280 Speaker 8: You know, he's he made big, you know, statements about 417 00:20:48,280 --> 00:20:50,080 Speaker 8: what he was going to get out of this, and 418 00:20:50,119 --> 00:20:53,000 Speaker 8: it's not clear that he can get there, and he's 419 00:20:53,040 --> 00:20:57,200 Speaker 8: put especially Senate Republicans, but many of my House Republican 420 00:20:57,240 --> 00:21:00,280 Speaker 8: colleagues as well, in a really tough situation. On the 421 00:21:00,280 --> 00:21:02,480 Speaker 8: one hand, they want to get out of this war 422 00:21:02,520 --> 00:21:04,960 Speaker 8: because of the gas prices and the impact and the 423 00:21:05,440 --> 00:21:08,959 Speaker 8: total unpopularity of it. On the other hand, you know, 424 00:21:09,200 --> 00:21:12,400 Speaker 8: if he gets out but doesn't you know, achieve any 425 00:21:12,440 --> 00:21:14,200 Speaker 8: of the goals that he put out there at the 426 00:21:14,240 --> 00:21:17,520 Speaker 8: front end, he can't say face he looks like he failed. 427 00:21:17,560 --> 00:21:21,080 Speaker 8: I think he's going to have to swallow this hard 428 00:21:21,320 --> 00:21:23,159 Speaker 8: and try and move forward from there, because I'm not 429 00:21:23,200 --> 00:21:27,680 Speaker 8: seeing an easy path forward and Iron has successfully stalemated us, 430 00:21:28,280 --> 00:21:31,520 Speaker 8: you know, on the ground on this, So I don't 431 00:21:31,520 --> 00:21:33,160 Speaker 8: know how he's going to get out of the situation. 432 00:21:33,240 --> 00:21:35,440 Speaker 8: I don't see an exit ramp that's easy for him. 433 00:21:36,200 --> 00:21:37,760 Speaker 8: But he's going to have to do something he's going 434 00:21:37,800 --> 00:21:38,800 Speaker 8: to have to do with fast. 435 00:21:39,760 --> 00:21:41,960 Speaker 3: I want to get the perspective of Glen Ivy, former 436 00:21:41,960 --> 00:21:44,359 Speaker 3: Assistant US Attorney for the District of Columbia, on this 437 00:21:44,440 --> 00:21:47,320 Speaker 3: anti weaponization fund that was announced this week one point 438 00:21:47,359 --> 00:21:50,680 Speaker 3: eight billion dollars here for those who have grievances against 439 00:21:51,040 --> 00:21:54,119 Speaker 3: the Justice Department, against the federal government. What do you 440 00:21:54,160 --> 00:21:56,399 Speaker 3: make of that as a as a former federal prosecutor, 441 00:21:56,560 --> 00:22:00,760 Speaker 3: and what power does Congress have to train this or 442 00:22:00,800 --> 00:22:04,080 Speaker 3: precluded from happening. Christina mentioned just a moment ago that 443 00:22:04,160 --> 00:22:06,320 Speaker 3: the blowback the president has gone from his party on 444 00:22:06,400 --> 00:22:09,040 Speaker 3: the prospects of this Iran deal. I should say there 445 00:22:09,040 --> 00:22:10,560 Speaker 3: was a lot of blowback form members of his own 446 00:22:10,560 --> 00:22:13,760 Speaker 3: party about the creation of this fund as well. 447 00:22:13,960 --> 00:22:16,920 Speaker 8: Absolutely. I mean, I you know, frankly, I was shocked. 448 00:22:17,080 --> 00:22:20,480 Speaker 8: I didn't really believe it at first, but you know, 449 00:22:20,800 --> 00:22:23,880 Speaker 8: once it was confirmed, I mean I was disgusted. And 450 00:22:24,119 --> 00:22:28,360 Speaker 8: you know, former DOJ prosecutors people were still there are shocked. 451 00:22:28,560 --> 00:22:30,520 Speaker 8: And I think you're seeing that across the board, even 452 00:22:30,560 --> 00:22:33,399 Speaker 8: with Senate and the House Republicans, they just, you know, 453 00:22:33,800 --> 00:22:36,560 Speaker 8: it's it's just a shocking thing to do. And it 454 00:22:36,600 --> 00:22:39,760 Speaker 8: looks like he was targeting the J six defendants that 455 00:22:39,920 --> 00:22:43,640 Speaker 8: will insurrectionists actually, who had been convicted I think over 456 00:22:43,680 --> 00:22:47,080 Speaker 8: fifteen hundred of them. He pardoned all of them, that 457 00:22:47,200 --> 00:22:50,159 Speaker 8: eliminated their requirement to pay restitution to the people that 458 00:22:50,240 --> 00:22:52,920 Speaker 8: they hurt. And now he's going to say, Okay, we're 459 00:22:52,920 --> 00:22:55,440 Speaker 8: going to use one point eight billion dollars in American 460 00:22:55,480 --> 00:22:59,159 Speaker 8: taxpayers money to pay these guys and other you know, 461 00:22:59,400 --> 00:23:02,399 Speaker 8: former con to felons. At the same time, I mean, 462 00:23:02,440 --> 00:23:06,080 Speaker 8: it's it's disgusting and and the structure of the deal, 463 00:23:06,520 --> 00:23:08,600 Speaker 8: you know, with the I R. S and the Department 464 00:23:08,600 --> 00:23:11,840 Speaker 8: of Justice, both of who've serve serve it his pleasure. 465 00:23:12,320 --> 00:23:15,199 Speaker 8: You know, you didn't actually have any kind of objectivity 466 00:23:15,200 --> 00:23:17,800 Speaker 8: in there, and the only the only uh to the 467 00:23:17,840 --> 00:23:20,520 Speaker 8: extent you did it was the judge, and she expressed 468 00:23:20,560 --> 00:23:24,000 Speaker 8: real concern about the lack of objectivity and neutrality uh 469 00:23:24,040 --> 00:23:28,080 Speaker 8: and adverse. You know, parties in the scenario. But I 470 00:23:28,160 --> 00:23:30,199 Speaker 8: think the politics or this are going to demand some 471 00:23:30,359 --> 00:23:33,040 Speaker 8: kind of fix. I know there's a real effort to 472 00:23:33,080 --> 00:23:35,960 Speaker 8: do something legislative. There's a couple options on the table. 473 00:23:36,000 --> 00:23:38,760 Speaker 8: I'm not sure which one will play out, but I 474 00:23:38,760 --> 00:23:40,679 Speaker 8: think at the end of the day, none of this 475 00:23:40,760 --> 00:23:43,480 Speaker 8: money's going to be used to pay off people like that. 476 00:23:43,680 --> 00:23:47,240 Speaker 8: You're sure that fund should be liquidated entirely. 477 00:23:48,040 --> 00:23:51,320 Speaker 2: That's because Acting ag Todd Lanche did an interview with 478 00:23:51,359 --> 00:23:54,000 Speaker 2: our college over at CNN and was asked in the 479 00:23:54,040 --> 00:23:58,480 Speaker 2: smaller well, you know, the viability and legality and ethics 480 00:23:58,520 --> 00:23:59,960 Speaker 2: of this fund aside. 481 00:24:00,119 --> 00:24:04,840 Speaker 3: Other than missus Lincoln, Thanks David. 482 00:24:06,240 --> 00:24:09,840 Speaker 2: If it does go forward, is there a preclusion for 483 00:24:09,880 --> 00:24:14,240 Speaker 2: giving money to people who assaulted police officers, and Blanche's 484 00:24:14,280 --> 00:24:17,120 Speaker 2: response was, well, that'll have to be litigated or decided 485 00:24:17,160 --> 00:24:20,480 Speaker 2: by this amorphous and defined committee members who are distributing 486 00:24:20,520 --> 00:24:22,840 Speaker 2: this money. If you can't stop it, would you at 487 00:24:22,920 --> 00:24:25,320 Speaker 2: least want to see something that precludes people who have 488 00:24:25,359 --> 00:24:28,320 Speaker 2: been vixed of felonies or violent acts during January sixth 489 00:24:28,400 --> 00:24:30,480 Speaker 2: or other incidents being disqualified. 490 00:24:32,200 --> 00:24:35,360 Speaker 8: Well, you know, certainly, but depending on who else they 491 00:24:35,440 --> 00:24:37,520 Speaker 8: line up in the names I've heard, it just been 492 00:24:37,880 --> 00:24:40,879 Speaker 8: a real roads gallery Michael Flynn for example. You know, 493 00:24:41,000 --> 00:24:45,399 Speaker 8: just names that have faded from public view thankfully, and 494 00:24:45,440 --> 00:24:48,840 Speaker 8: here they are again. Rudi Juiyani. Folks like that. It's like, 495 00:24:48,880 --> 00:24:52,119 Speaker 8: you know, please give me a break. But you know, 496 00:24:52,160 --> 00:24:55,119 Speaker 8: I think it's tax dollars that you know they keep saying. 497 00:24:55,240 --> 00:24:57,159 Speaker 8: For example, he just said a little while ago he 498 00:24:57,200 --> 00:24:59,480 Speaker 8: didn't care about what's going on with the American public 499 00:25:00,560 --> 00:25:03,879 Speaker 8: as far as you know, the impact and their financial difficulties. 500 00:25:04,160 --> 00:25:06,040 Speaker 8: We could use that one point eight billion dollars to 501 00:25:06,080 --> 00:25:09,600 Speaker 8: do other things like extend the healthcare tax credits for example, 502 00:25:10,240 --> 00:25:14,080 Speaker 8: extend Snap benefits for example. But you know, he's focused 503 00:25:14,080 --> 00:25:18,520 Speaker 8: on paying off people who you know, I have really 504 00:25:18,720 --> 00:25:21,280 Speaker 8: false claims against the United States and shouldn't be getting 505 00:25:21,320 --> 00:25:23,720 Speaker 8: a dime. In fact, they should be paying the United 506 00:25:23,720 --> 00:25:26,920 Speaker 8: States the restitution that they owe. So I think this 507 00:25:26,960 --> 00:25:28,640 Speaker 8: is going to be defeated one way or the other. 508 00:25:29,480 --> 00:25:32,000 Speaker 8: Might be a clawback, it might be a challenge to 509 00:25:32,240 --> 00:25:35,440 Speaker 8: the structure of the UH this board or whatever, because 510 00:25:35,440 --> 00:25:37,400 Speaker 8: it certainly wasn't established by Congress. 511 00:25:37,440 --> 00:25:38,760 Speaker 9: I mean, what exactly is it? 512 00:25:39,119 --> 00:25:42,439 Speaker 8: And you know the organization for the for the for 513 00:25:42,480 --> 00:25:45,680 Speaker 8: the use of the funds from the appropriations committees either. 514 00:25:45,720 --> 00:25:47,600 Speaker 2: So right, Congressman, thank you so much. I'm afraid we're 515 00:25:47,640 --> 00:25:49,080 Speaker 2: running out of time. Thank you for joining us. We 516 00:25:49,119 --> 00:25:51,240 Speaker 2: really appreciate your perspective on a broad range of issues 517 00:25:51,280 --> 00:25:56,000 Speaker 2: this morning. Stay with us for more on Bloomberg this weekend. 518 00:25:56,240 --> 00:26:10,680 Speaker 2: Right after this, Welcome back to Bloomberg this weekend. I'm 519 00:26:10,760 --> 00:26:13,879 Speaker 2: Christina Raffini here with David Gerra. Medical facilities in the 520 00:26:13,880 --> 00:26:16,960 Speaker 2: Democratic Republic of Congo are feeling the strain as Ebola 521 00:26:17,040 --> 00:26:19,280 Speaker 2: makes its way through parts of the country. At a 522 00:26:19,320 --> 00:26:22,880 Speaker 2: hospital in the northeastern part there, doctors describe a sense 523 00:26:22,920 --> 00:26:25,680 Speaker 2: of dread spreading almost as quickly as ebola itself. 524 00:26:25,720 --> 00:26:27,880 Speaker 3: In the mining town at the center of this epidemic. 525 00:26:27,880 --> 00:26:32,280 Speaker 3: Bloomberg reports bats the size of chickens swarm abandoned tunnels 526 00:26:32,280 --> 00:26:34,439 Speaker 3: and may be spreading the virus. Janis q is one 527 00:26:34,440 --> 00:26:36,320 Speaker 3: of our colleagues covering the outbreak and she joins us 528 00:26:36,320 --> 00:26:38,840 Speaker 3: now from Johannesburg. Jane's great to have you with us, 529 00:26:38,840 --> 00:26:39,919 Speaker 3: and I wonder if you could just get us up 530 00:26:39,920 --> 00:26:42,520 Speaker 3: to speed. First. We had a couple of conversations yesterday 531 00:26:42,560 --> 00:26:45,880 Speaker 3: with Jason Gale and Jeremy Conandike, former US official who 532 00:26:45,880 --> 00:26:49,080 Speaker 3: handled Thebola outbreak in twenty fourteen for the US, just 533 00:26:49,080 --> 00:26:51,280 Speaker 3: about the prospects there being a massive undercount here and 534 00:26:51,320 --> 00:26:53,760 Speaker 3: the difficulty of piecing together sort of how wide spread 535 00:26:53,800 --> 00:26:56,719 Speaker 3: this outbreak is thus far. What does your latest reporting 536 00:26:56,720 --> 00:26:59,040 Speaker 3: tell you just about how widely this has spread through 537 00:26:59,040 --> 00:27:00,920 Speaker 3: the DRC and neighboring countries. 538 00:27:01,880 --> 00:27:04,520 Speaker 10: We've certainly seen quite a lot of spread within the 539 00:27:04,600 --> 00:27:08,200 Speaker 10: Congo itself. The probable cases at the stage are sitting 540 00:27:08,240 --> 00:27:11,600 Speaker 10: at about eight hundred and sixty seven worth just over 541 00:27:11,640 --> 00:27:17,040 Speaker 10: two hundred deaths, but that is undoubtedly an undercount. It 542 00:27:17,119 --> 00:27:19,399 Speaker 10: is very difficult for health workers on the ground to 543 00:27:19,480 --> 00:27:23,280 Speaker 10: really do contact tracing. The estimate at this stage is 544 00:27:23,320 --> 00:27:26,160 Speaker 10: that it's about a fifth of contacts that are being 545 00:27:26,720 --> 00:27:32,159 Speaker 10: traced and already Africa CDC's Director General Cassia yesterday was 546 00:27:32,200 --> 00:27:35,639 Speaker 10: saying that on a like for life basis or this 547 00:27:36,080 --> 00:27:39,840 Speaker 10: particular outbreak is already the second largest after the twenty 548 00:27:39,880 --> 00:27:44,320 Speaker 10: fourteen to twenty sixteen epidemic in West Africa. And that 549 00:27:44,359 --> 00:27:47,440 Speaker 10: epidemic was it was large, it was a lot of people. 550 00:27:47,480 --> 00:27:49,760 Speaker 10: There were more than twenty eight thousand people infected in 551 00:27:49,760 --> 00:27:50,400 Speaker 10: that epidemic. 552 00:27:51,160 --> 00:27:53,080 Speaker 2: You ask in your piece, you say you've p the 553 00:27:53,200 --> 00:27:57,240 Speaker 2: who believes this outbreak likely started months ago. Why didn't 554 00:27:57,240 --> 00:27:59,359 Speaker 2: they catch it sooner? And are they trying to recover 555 00:27:59,400 --> 00:28:01,879 Speaker 2: from that effort? Is there anything that health officials can 556 00:28:01,920 --> 00:28:03,600 Speaker 2: do to try to catch these things earlier. 557 00:28:05,880 --> 00:28:08,119 Speaker 10: There are a lot of factors in a region like this. 558 00:28:08,520 --> 00:28:10,840 Speaker 10: The Congo is a really large country in the middle 559 00:28:10,840 --> 00:28:14,880 Speaker 10: of Africa, the geography's difficult, and then there are also 560 00:28:15,000 --> 00:28:20,040 Speaker 10: armed forces, specifically in the east where the epicenter of 561 00:28:20,080 --> 00:28:23,720 Speaker 10: this has been. There's also been all the funding cuts 562 00:28:23,760 --> 00:28:26,399 Speaker 10: that we've spoken about before and we know well of 563 00:28:27,280 --> 00:28:31,760 Speaker 10: particularly USID, which has weakened surveillance in that area. And 564 00:28:31,800 --> 00:28:33,639 Speaker 10: then there's also the fact that this is a very 565 00:28:33,720 --> 00:28:38,040 Speaker 10: rare strain. The Bundibugyo strain is not the strain that 566 00:28:38,160 --> 00:28:41,320 Speaker 10: was in that West Africa epidemic. It's not the one 567 00:28:41,320 --> 00:28:43,080 Speaker 10: that's been studied, and it's also not the one that 568 00:28:43,120 --> 00:28:47,440 Speaker 10: has any vaccines or therapeutics approved. And so even on 569 00:28:47,480 --> 00:28:51,600 Speaker 10: the diagnostics on the testing, the original tests were rarely 570 00:28:51,680 --> 00:28:55,040 Speaker 10: showing negative because it was testing for the Zayare strain 571 00:28:55,240 --> 00:28:56,760 Speaker 10: instead of this Bondi Boogyo strain. 572 00:28:57,400 --> 00:28:59,640 Speaker 3: Let's talk a bit about funding and the funding needs 573 00:28:59,760 --> 00:29:02,280 Speaker 3: as this outbreak widens. You and Jason Gale, with whom 574 00:29:02,280 --> 00:29:04,640 Speaker 3: we spoke yesterday right about a request for three hundred 575 00:29:04,640 --> 00:29:06,640 Speaker 3: and nineteen million dollars, and I wonder if you could 576 00:29:06,640 --> 00:29:09,640 Speaker 3: put that in a wider context. Bloomberg hab reporting earlier 577 00:29:10,080 --> 00:29:12,880 Speaker 3: last week just about how small the US investment is 578 00:29:12,880 --> 00:29:16,320 Speaker 3: in a bowl of surveillance and mitigation since the cuts 579 00:29:16,320 --> 00:29:18,880 Speaker 3: that we've seen to usaid here. So put that three 580 00:29:18,960 --> 00:29:21,880 Speaker 3: hundred nineteen million dollar figure in context, if you would. 581 00:29:22,520 --> 00:29:24,360 Speaker 3: Is it likely to be sufficient? Is it likely to 582 00:29:24,400 --> 00:29:24,840 Speaker 3: come through? 583 00:29:27,720 --> 00:29:29,640 Speaker 10: There is quite a lot being promised, but whether it 584 00:29:29,680 --> 00:29:33,760 Speaker 10: really comes through is yet to be seen. The Africa 585 00:29:33,840 --> 00:29:38,680 Speaker 10: CDC had a briefing yesterday evening and they were saying 586 00:29:38,680 --> 00:29:41,320 Speaker 10: that they really are trying to work as one voice. 587 00:29:41,360 --> 00:29:44,360 Speaker 10: They had the health ministers from three different countries there, 588 00:29:44,360 --> 00:29:47,040 Speaker 10: so it was Congo, let me just check the South 589 00:29:47,080 --> 00:29:51,120 Speaker 10: Sudan and Uganda. Those health ministers were all there and 590 00:29:51,200 --> 00:29:54,160 Speaker 10: they also had the WHO and Africa CDC and they 591 00:29:54,560 --> 00:30:00,560 Speaker 10: are definitely focusing on coordinating across border response. Of that 592 00:30:01,160 --> 00:30:03,760 Speaker 10: amount that you mentioned, the three nineteen million dollars, about 593 00:30:03,800 --> 00:30:08,560 Speaker 10: eighty four percent is says assigned for Congo and Uganda 594 00:30:08,600 --> 00:30:12,840 Speaker 10: and then the rest for high risk neighboring countries. It 595 00:30:12,920 --> 00:30:16,680 Speaker 10: is to deal with some of the immediate needs, which 596 00:30:17,120 --> 00:30:21,400 Speaker 10: range to things as basic as personal protective equipment for 597 00:30:21,960 --> 00:30:26,280 Speaker 10: health workers, etcetera on the ground, but also for building 598 00:30:27,000 --> 00:30:32,560 Speaker 10: longer term facilities that can be used during outbreaks like this. 599 00:30:33,560 --> 00:30:37,880 Speaker 2: I also want to ask what mitigation matters are being done. 600 00:30:37,960 --> 00:30:39,640 Speaker 2: I was reading this morning that for the first time 601 00:30:40,000 --> 00:30:42,960 Speaker 2: DRC itself has suspended flights from the eastern part of 602 00:30:42,960 --> 00:30:45,200 Speaker 2: the country. Usually that's something airlines do on their own 603 00:30:45,240 --> 00:30:48,760 Speaker 2: or other governments. They're taking that precautionary step. What are 604 00:30:48,800 --> 00:30:51,000 Speaker 2: they trying to do to stop this outbreak? Because I 605 00:30:51,000 --> 00:30:53,760 Speaker 2: know resources are tight in your piece, you say hospitals 606 00:30:53,760 --> 00:30:56,480 Speaker 2: in northeast Congo don't have proper isolation rooms. One is 607 00:30:56,520 --> 00:30:59,280 Speaker 2: running low on supplies and staff as the staff members 608 00:30:59,280 --> 00:31:01,960 Speaker 2: are now falling in. Well, this isn't the first time 609 00:31:02,200 --> 00:31:04,680 Speaker 2: this country has dealt with anabola outbreak, so why are 610 00:31:04,680 --> 00:31:08,240 Speaker 2: they struggling to keep up with this one. 611 00:31:09,520 --> 00:31:12,760 Speaker 10: I think the funding cuts again have definitely paid a part. 612 00:31:12,840 --> 00:31:16,600 Speaker 10: And then, as I said, they didn't detect which strain, 613 00:31:16,640 --> 00:31:21,760 Speaker 10: it was very early and so it probably was going 614 00:31:21,800 --> 00:31:25,120 Speaker 10: undetected for a long period of time. Then on top 615 00:31:25,160 --> 00:31:29,880 Speaker 10: of that, we've got the facts that they're really having 616 00:31:29,920 --> 00:31:31,760 Speaker 10: to lean now because they don't have the tools. They 617 00:31:31,760 --> 00:31:34,800 Speaker 10: don't have the vaccines or therapeutics for this particular strain. 618 00:31:35,120 --> 00:31:38,640 Speaker 10: They're having to lean a lot on community messaging and 619 00:31:38,960 --> 00:31:42,640 Speaker 10: that is quite a tough cell. You often need people 620 00:31:42,640 --> 00:31:46,120 Speaker 10: on the ground that are trusted to really convey that message, 621 00:31:46,320 --> 00:31:49,760 Speaker 10: and habits can take quite a while to change. The 622 00:31:49,880 --> 00:31:54,200 Speaker 10: DG of Africa CDC was speaking about dignified burials and 623 00:31:54,280 --> 00:31:58,000 Speaker 10: so one of the things with ebola is that the 624 00:31:58,080 --> 00:32:02,160 Speaker 10: mortal remains really can't be to The virus can continue 625 00:32:02,160 --> 00:32:05,280 Speaker 10: to spread if you handle a body and so trying 626 00:32:05,320 --> 00:32:09,840 Speaker 10: to be sensitive to customs of the region, but still 627 00:32:09,840 --> 00:32:12,640 Speaker 10: make sure that there is a safe burial, so dignified 628 00:32:12,680 --> 00:32:15,000 Speaker 10: but safe burial. That is one of the messages that 629 00:32:15,000 --> 00:32:16,200 Speaker 10: they are trying to get across. 630 00:32:16,600 --> 00:32:16,840 Speaker 9: Jess. 631 00:32:16,920 --> 00:32:18,640 Speaker 3: Let me just ask you lastly about the parallel that 632 00:32:18,680 --> 00:32:21,280 Speaker 3: we've been drawing to twenty fourteen in twenty sixteen. Bearing 633 00:32:21,280 --> 00:32:22,800 Speaker 3: in mind, as you've pointed out, this is a different 634 00:32:22,840 --> 00:32:26,440 Speaker 3: strain than we were seeing back then, What can that 635 00:32:26,480 --> 00:32:28,600 Speaker 3: outbreak tell us or how does that inform the response 636 00:32:28,640 --> 00:32:31,120 Speaker 3: that we should see or that we are seeing in 637 00:32:31,200 --> 00:32:34,960 Speaker 3: DRC Now? Does it provide any kind of playbook? 638 00:32:35,000 --> 00:32:35,120 Speaker 8: Here? 639 00:32:35,120 --> 00:32:37,560 Speaker 3: Are we really dealing with a circumstance that's not, if 640 00:32:37,720 --> 00:32:40,360 Speaker 3: entirely different, a different circumstance. 641 00:32:42,160 --> 00:32:44,840 Speaker 10: In theory, we should be dealing with a much better 642 00:32:44,880 --> 00:32:49,880 Speaker 10: circumstance because we do have vaccines and therapeutics. Unfortunately, they're 643 00:32:49,920 --> 00:32:53,120 Speaker 10: not specific to the strain, and so in some ways 644 00:32:53,760 --> 00:32:55,840 Speaker 10: they will have There are lessons that have been learned 645 00:32:55,840 --> 00:32:59,560 Speaker 10: from the twenty fourteen to twenty sixteen epidemic in terms 646 00:32:59,680 --> 00:33:04,120 Speaker 10: of how secure the facilities need to be, you know, 647 00:33:04,160 --> 00:33:07,760 Speaker 10: how contained they need to be, whether they can actually 648 00:33:08,560 --> 00:33:11,600 Speaker 10: get those facilities up and running quickly is another story. 649 00:33:11,680 --> 00:33:14,280 Speaker 10: I do think though, that we are seeing a sense 650 00:33:14,320 --> 00:33:20,160 Speaker 10: of urgency across various agencies, various countries, and so support 651 00:33:20,320 --> 00:33:23,840 Speaker 10: is being flown in. We heard yesterday that during the 652 00:33:23,880 --> 00:33:27,840 Speaker 10: course of the day, India had promised to send several 653 00:33:27,840 --> 00:33:32,200 Speaker 10: tons of equipment in, and so I do think that 654 00:33:32,880 --> 00:33:37,200 Speaker 10: sense of urgency and speed is definitely different this time around. 655 00:33:37,480 --> 00:33:40,600 Speaker 2: All right, JENISQ. You're joining us from our bureau in Johannesburg. 656 00:33:40,720 --> 00:33:42,960 Speaker 2: She is Bloomberg News Health and Consumer reporter. Thank you 657 00:33:43,000 --> 00:33:43,360 Speaker 2: so much. 658 00:33:44,640 --> 00:33:48,320 Speaker 4: Stay with us for more on Bloomberg this weekend. Right 659 00:33:48,360 --> 00:34:01,200 Speaker 4: after this, Dave. 660 00:34:01,080 --> 00:34:04,120 Speaker 3: Garra, Yes, what do you google? That's a great question. 661 00:34:04,760 --> 00:34:06,800 Speaker 3: We just did sports. I google sports scores, if I 662 00:34:06,840 --> 00:34:09,800 Speaker 3: don't watch the end of a game, recipes, if I'm traveling, 663 00:34:09,840 --> 00:34:12,360 Speaker 3: all google best hotel or restaurant in a given city. 664 00:34:12,440 --> 00:34:13,160 Speaker 3: Very practical. 665 00:34:13,880 --> 00:34:14,239 Speaker 10: I feel like. 666 00:34:14,400 --> 00:34:18,160 Speaker 2: Google is very, very very practical. Mind us a little chaotic, 667 00:34:18,239 --> 00:34:20,560 Speaker 2: but yes, all right, Well, Simon Rodgers written a book. 668 00:34:20,760 --> 00:34:22,160 Speaker 3: I have to beg I have to ask you a 669 00:34:22,200 --> 00:34:24,200 Speaker 3: follow up on that chaotic Now, you know me. 670 00:34:24,239 --> 00:34:26,279 Speaker 2: My brain is just as chaotic. It's it's things that 671 00:34:26,320 --> 00:34:28,319 Speaker 2: I should know, but I'm not sure about I check 672 00:34:28,360 --> 00:34:30,200 Speaker 2: on I check with a life guide for you. There's 673 00:34:30,239 --> 00:34:32,120 Speaker 2: a lot of where am I in New York's happening 674 00:34:32,160 --> 00:34:34,799 Speaker 2: right now, but we'll move on for sorry interrupting, all right, So, 675 00:34:35,360 --> 00:34:37,520 Speaker 2: my friend Simon Rodgers has written a book on exactly that. 676 00:34:37,640 --> 00:34:40,040 Speaker 2: He's Google's data editor, and before that he was the 677 00:34:40,080 --> 00:34:42,560 Speaker 2: data guy at Twitter. He's also the winner of one 678 00:34:42,600 --> 00:34:45,279 Speaker 2: of the most amazingly hyperniche awards I've ever heard of, 679 00:34:45,680 --> 00:34:50,000 Speaker 2: which is the Royal Statistical Society's Award for Statistical Excellence 680 00:34:50,040 --> 00:34:52,200 Speaker 2: in Journalism. Simon, you giant nerd. 681 00:34:52,200 --> 00:34:55,239 Speaker 3: It's so nice to see you feel such a time. 682 00:34:55,320 --> 00:34:56,160 Speaker 11: Thank you for having with me. 683 00:34:56,840 --> 00:34:58,759 Speaker 3: The book is what we ask Google. Let's start with 684 00:34:58,800 --> 00:35:01,280 Speaker 3: the question that Christina posed to me as you hoisted 685 00:35:01,400 --> 00:35:04,440 Speaker 3: up here, probably speaking, what are the bulk of queries 686 00:35:04,480 --> 00:35:05,880 Speaker 3: about on the search engine? 687 00:35:06,000 --> 00:35:08,600 Speaker 11: So the bulk of query is a really about the 688 00:35:08,600 --> 00:35:10,520 Speaker 11: everyday stuff. I mean, I think we tend to focus 689 00:35:10,520 --> 00:35:12,640 Speaker 11: on the you know, the big news events, which makes sense. 690 00:35:12,640 --> 00:35:15,560 Speaker 11: When something happens, we want to understand it, but really 691 00:35:15,600 --> 00:35:17,399 Speaker 11: for most of us, it's just going through the day. 692 00:35:17,520 --> 00:35:22,200 Speaker 11: Is parenting, It's like pets, food, health, grief. You know, 693 00:35:22,239 --> 00:35:24,759 Speaker 11: these kind of big moments, and I'm not seeing a 694 00:35:24,840 --> 00:35:27,680 Speaker 11: kind of real exploration of that every day in nature 695 00:35:27,719 --> 00:35:29,319 Speaker 11: of search. So that's what I wanted to look at. 696 00:35:29,560 --> 00:35:31,480 Speaker 2: It's really fun and you break it down into different 697 00:35:31,520 --> 00:35:33,520 Speaker 2: sections and there is so much data in here. I 698 00:35:33,600 --> 00:35:34,840 Speaker 2: understand why you want that award. 699 00:35:36,120 --> 00:35:38,120 Speaker 5: Your very first chapter is called why. 700 00:35:37,880 --> 00:35:40,640 Speaker 2: Am I So Tired? Which I think is the refrain 701 00:35:40,680 --> 00:35:43,480 Speaker 2: of modern adulthood. But a lot of it surprising is 702 00:35:43,520 --> 00:35:47,640 Speaker 2: about time people search, Like what time is it they search? 703 00:35:47,760 --> 00:35:49,840 Speaker 2: You know, around two am? You say, you see a 704 00:35:49,880 --> 00:35:51,879 Speaker 2: spike in parents searching for how to get their kids 705 00:35:51,920 --> 00:35:54,399 Speaker 2: to sleep? Why do we have daylight savings time? Why 706 00:35:54,400 --> 00:35:56,680 Speaker 2: do we have leapier? And then what time is it 707 00:35:56,719 --> 00:35:58,960 Speaker 2: in Ukraine? Spiked around the invasion? 708 00:35:59,320 --> 00:36:02,960 Speaker 11: Yeah, exactly. It's like it's a real mix of the everyday. So, yeah, 709 00:36:03,080 --> 00:36:05,560 Speaker 11: you can't get your baby sleep at around two am, You're 710 00:36:05,600 --> 00:36:07,960 Speaker 11: not alone, You're sharing it with millions of people around 711 00:36:07,960 --> 00:36:10,280 Speaker 11: the world. And also there is a kind of rhythm 712 00:36:10,680 --> 00:36:12,399 Speaker 11: to the way that we search, and it applies during 713 00:36:12,440 --> 00:36:14,040 Speaker 11: the year as well. So people search for how to 714 00:36:14,040 --> 00:36:18,120 Speaker 11: play piano in December yah, ahead of Christmas? Right and 715 00:36:18,200 --> 00:36:21,359 Speaker 11: right now people are searching for graduation. A month ago 716 00:36:21,400 --> 00:36:24,520 Speaker 11: it was prom a month before that was proposals, and 717 00:36:24,600 --> 00:36:26,439 Speaker 11: that's a global search. Now that's one of these things 718 00:36:26,480 --> 00:36:28,399 Speaker 11: which yeah, I grew up in England, did not grow 719 00:36:28,440 --> 00:36:31,040 Speaker 11: up with proms, and now it's a global thing. So 720 00:36:31,120 --> 00:36:33,120 Speaker 11: you see these searches kind of spread around the world. 721 00:36:33,520 --> 00:36:36,600 Speaker 3: Could you talk a bit about your approach to the job. So, look, 722 00:36:36,800 --> 00:36:39,920 Speaker 3: I search on Google. It populates it sometimes, so what 723 00:36:39,960 --> 00:36:42,400 Speaker 3: other people are asking questions? But when you're faced with 724 00:36:42,440 --> 00:36:46,040 Speaker 3: this gigantic doesn't even do it justice trove of data? 725 00:36:46,040 --> 00:36:47,440 Speaker 3: How do you begin to piece through it? What are 726 00:36:47,440 --> 00:36:49,200 Speaker 3: you looking for? What are you hoping to glean from 727 00:36:49,520 --> 00:36:51,400 Speaker 3: all that you can aggregate? From where you say it. 728 00:36:51,320 --> 00:36:53,680 Speaker 11: I mean, for me, I'm really interested in the humanity 729 00:36:53,880 --> 00:36:57,040 Speaker 11: behind the searches. So, for instance, whenever there's a hurricane, 730 00:36:57,200 --> 00:36:59,720 Speaker 11: you know, you'd expect people to be searching for battling 731 00:36:59,760 --> 00:37:02,839 Speaker 11: down hatches and you know, buying emergency supplies, but people 732 00:37:02,920 --> 00:37:05,480 Speaker 11: also search for how to calm a dog in a storm, 733 00:37:06,200 --> 00:37:08,319 Speaker 11: which I love that search. Yeah, and it's very human, right, 734 00:37:08,400 --> 00:37:13,040 Speaker 11: And I think that there is a kind of humanity 735 00:37:13,200 --> 00:37:16,399 Speaker 11: which comes across searches, which you know, maybe we're lacking 736 00:37:16,440 --> 00:37:18,120 Speaker 11: a little bit in the way we think about each other. 737 00:37:18,120 --> 00:37:20,200 Speaker 11: But actually you can really say it come through like 738 00:37:20,280 --> 00:37:23,360 Speaker 11: searches for help are higher now than ever before, and 739 00:37:23,400 --> 00:37:24,880 Speaker 11: they're often about helping other people. 740 00:37:25,200 --> 00:37:27,400 Speaker 2: I thought that was interesting because the premise of this 741 00:37:27,480 --> 00:37:30,520 Speaker 2: seems like nightmare fuel. There's a UK game show called 742 00:37:30,560 --> 00:37:33,560 Speaker 2: task Master and they recently had a challenge where contestants 743 00:37:33,560 --> 00:37:35,600 Speaker 2: had to do a really scary thing and the guy 744 00:37:35,640 --> 00:37:38,440 Speaker 2: who one let them read his search history live on 745 00:37:38,560 --> 00:37:41,040 Speaker 2: the show because it seems like it could bring out 746 00:37:41,040 --> 00:37:42,719 Speaker 2: the worse on us. But to your point, there's some 747 00:37:42,760 --> 00:37:46,160 Speaker 2: really cute and kind of reaffirming moments. One of them 748 00:37:46,400 --> 00:37:48,680 Speaker 2: is in June, people search like how to save a 749 00:37:48,760 --> 00:37:51,640 Speaker 2: bee because bees are out and they want to rescue them, which. 750 00:37:51,440 --> 00:37:52,279 Speaker 5: I thought was really cute. 751 00:37:52,320 --> 00:37:53,920 Speaker 2: But talk to us about some of the other things 752 00:37:54,200 --> 00:37:57,640 Speaker 2: that as you're looking through this data, made you find commonalities, 753 00:37:57,719 --> 00:37:58,759 Speaker 2: not things that separate us. 754 00:37:58,800 --> 00:37:59,000 Speaker 7: Yeah. 755 00:37:59,000 --> 00:38:01,120 Speaker 11: I mean I wanted to write the book and I 756 00:38:01,120 --> 00:38:04,080 Speaker 11: started doing it a couple of months after my muma died. 757 00:38:04,400 --> 00:38:06,880 Speaker 11: And you know, anybody who's joined that club, you know, 758 00:38:06,920 --> 00:38:09,160 Speaker 11: you feel incredibly alone. You're the only person this has 759 00:38:09,200 --> 00:38:11,320 Speaker 11: ever happened to, and when you start looking at the 760 00:38:11,400 --> 00:38:13,719 Speaker 11: daity realize that not only are you not the only 761 00:38:13,760 --> 00:38:15,520 Speaker 11: person that's ever happened to, there are lots of people 762 00:38:15,520 --> 00:38:18,279 Speaker 11: in the same situation, but people are also searching for 763 00:38:18,320 --> 00:38:21,640 Speaker 11: how to help others in that situation, like the right 764 00:38:21,640 --> 00:38:23,799 Speaker 11: thing to say, or the right bit of poetry to read, 765 00:38:23,920 --> 00:38:26,759 Speaker 11: or whatever it is. And that kind of gave me 766 00:38:26,800 --> 00:38:28,560 Speaker 11: a couple of themes of the book, really, because this 767 00:38:28,680 --> 00:38:30,880 Speaker 11: idea that you're not alone, even if you feel lonely, 768 00:38:31,000 --> 00:38:33,279 Speaker 11: you're one of a community of people who are doing 769 00:38:33,320 --> 00:38:35,880 Speaker 11: similar things, whether or not you know it. And also 770 00:38:36,120 --> 00:38:38,799 Speaker 11: that other people are trying to help you, which is 771 00:38:38,880 --> 00:38:42,960 Speaker 11: kind of resure, reassuring and reaffirming. And also really that 772 00:38:43,040 --> 00:38:46,040 Speaker 11: we know nothing. You know that everyday life, whether it's 773 00:38:46,040 --> 00:38:47,800 Speaker 11: how to boil an egg or how to tie tie, 774 00:38:48,320 --> 00:38:51,239 Speaker 11: you know these things and we're not ashamed to ask 775 00:38:51,320 --> 00:38:51,600 Speaker 11: for it. 776 00:38:51,920 --> 00:38:54,719 Speaker 3: How is your life being transformed by AI in the 777 00:38:54,760 --> 00:38:56,680 Speaker 3: way that people are using it to ask some of 778 00:38:56,719 --> 00:38:58,879 Speaker 3: these questions? And I think about the rigor of thinking. 779 00:38:58,920 --> 00:39:01,319 Speaker 3: I think a criticism of a I is somebody might 780 00:39:01,360 --> 00:39:03,759 Speaker 3: search query like you just asked what time is in 781 00:39:03,800 --> 00:39:05,239 Speaker 3: some place? And this is something that we could answer 782 00:39:05,320 --> 00:39:08,080 Speaker 3: very basically if we obtained a wristwatch or looked at 783 00:39:08,080 --> 00:39:09,880 Speaker 3: the class across the room. And it's using all of 784 00:39:09,880 --> 00:39:12,839 Speaker 3: this computing power to find this very basic question. I'm 785 00:39:12,880 --> 00:39:14,719 Speaker 3: curious how you think about that, Just that the way 786 00:39:14,719 --> 00:39:17,080 Speaker 3: in which we're using search and how it's been transforming 787 00:39:17,080 --> 00:39:19,640 Speaker 3: our approach to finding out in some cases is very 788 00:39:19,640 --> 00:39:20,320 Speaker 3: basic information. 789 00:39:20,360 --> 00:39:22,279 Speaker 11: Yeah, my favorite is how to tell the time drying, 790 00:39:22,880 --> 00:39:26,040 Speaker 11: which is which is is most searched in London, which 791 00:39:26,040 --> 00:39:30,520 Speaker 11: is no surprise. Sure there is a change and revolution 792 00:39:30,640 --> 00:39:32,319 Speaker 11: happening in the way people search, and we have some 793 00:39:32,400 --> 00:39:35,120 Speaker 11: data out this week around the way that people search 794 00:39:35,200 --> 00:39:37,279 Speaker 11: with AI mode in Google, which is you know, we've 795 00:39:37,280 --> 00:39:39,319 Speaker 11: had for a year now, so obviously we've got over 796 00:39:39,360 --> 00:39:42,279 Speaker 11: twenty years of regular search history and now we've got 797 00:39:42,280 --> 00:39:45,200 Speaker 11: a year of AI search history. So it's really early days. 798 00:39:45,200 --> 00:39:47,360 Speaker 11: But what you're seeing is that queries are getting longer 799 00:39:47,960 --> 00:39:50,839 Speaker 11: and then much more specific now and they used to be. 800 00:39:50,920 --> 00:39:53,440 Speaker 11: So you're like you'll see a car in a in 801 00:39:53,480 --> 00:39:55,160 Speaker 11: a movie, you want to know what brand it is, 802 00:39:55,280 --> 00:39:57,480 Speaker 11: Or you'll see you'll hear a song, you want to 803 00:39:57,520 --> 00:39:59,839 Speaker 11: know what instrument they've played on it. And they're much 804 00:39:59,880 --> 00:40:02,880 Speaker 11: more conversational, so people will go back and forth and 805 00:40:03,080 --> 00:40:03,960 Speaker 11: kind of return to it. 806 00:40:04,040 --> 00:40:06,279 Speaker 2: Because that's not interesting to me because as a kid 807 00:40:06,280 --> 00:40:08,400 Speaker 2: who grew up in the two thousands, there was this 808 00:40:08,400 --> 00:40:13,800 Speaker 2: thing called ass jeeves four people, but what is you know? 809 00:40:13,920 --> 00:40:14,280 Speaker 3: Blank? 810 00:40:14,320 --> 00:40:16,319 Speaker 2: And it would find it to you. In Google search terms, 811 00:40:16,400 --> 00:40:19,560 Speaker 2: we're so prime, we're so prime to just enter keywords. 812 00:40:19,560 --> 00:40:21,200 Speaker 2: It's interesting to me now that we're going back to 813 00:40:21,200 --> 00:40:22,360 Speaker 2: searching in natural language. 814 00:40:22,520 --> 00:40:24,000 Speaker 11: It's a whole new set of skills, doesn't it. And 815 00:40:24,040 --> 00:40:26,480 Speaker 11: I think it's basically people are just asking how they 816 00:40:26,480 --> 00:40:29,279 Speaker 11: want to ask. So me and my son we're doing 817 00:40:29,320 --> 00:40:33,239 Speaker 11: up an old BMW at the moment, stupidly complicated, and 818 00:40:33,320 --> 00:40:35,040 Speaker 11: so we're doing a lot of these very kind of 819 00:40:35,080 --> 00:40:37,719 Speaker 11: weird diagnostic things where we'll come back and we'll go 820 00:40:37,800 --> 00:40:39,759 Speaker 11: back to it. So you're really seeing it that way. 821 00:40:39,760 --> 00:40:42,440 Speaker 11: And also, searches are becoming much more kind of multimodal, 822 00:40:42,800 --> 00:40:45,080 Speaker 11: and by that you mean that people are searching not 823 00:40:45,239 --> 00:40:46,960 Speaker 11: just on the phone or on a laptop, why they're 824 00:40:46,960 --> 00:40:51,480 Speaker 11: searching with a voice or a home device. But my senses, 825 00:40:51,640 --> 00:40:53,920 Speaker 11: and it's early, is that the things we're searching for 826 00:40:53,960 --> 00:40:56,400 Speaker 11: are staying the same. We're still searching for love and 827 00:40:56,440 --> 00:40:59,919 Speaker 11: relationships and health and hope and that sort of thing. 828 00:41:00,360 --> 00:41:00,719 Speaker 7: It done. 829 00:41:00,960 --> 00:41:03,239 Speaker 2: I like the towards the end. Had you end on 830 00:41:03,360 --> 00:41:05,600 Speaker 2: a nice note. And you have a graph that shows 831 00:41:05,920 --> 00:41:08,239 Speaker 2: the number of people searching for a job that makes 832 00:41:08,280 --> 00:41:10,839 Speaker 2: money and the number of people searching for a job 833 00:41:10,920 --> 00:41:14,200 Speaker 2: that helps people. And over time the line for helping 834 00:41:14,200 --> 00:41:17,480 Speaker 2: people far surpasses the one for people wanting to make money. 835 00:41:17,719 --> 00:41:19,960 Speaker 2: How do you think that is? And what's your biggest takeaway? 836 00:41:20,480 --> 00:41:23,640 Speaker 11: I mean, I think you're seeing these social changes happening, 837 00:41:24,200 --> 00:41:26,360 Speaker 11: and you can see the data through search. So for instance, 838 00:41:26,400 --> 00:41:29,680 Speaker 11: searches for take care of parents have overtaken searches for 839 00:41:29,840 --> 00:41:32,720 Speaker 11: take care of kids, you know, with the Sandwich generation 840 00:41:32,880 --> 00:41:35,719 Speaker 11: maybe looking off to parents and looking after children, and 841 00:41:36,000 --> 00:41:38,239 Speaker 11: a lot of these kind of big social trends you 842 00:41:38,280 --> 00:41:39,560 Speaker 11: can see showing up in search. 843 00:41:40,360 --> 00:41:42,560 Speaker 2: Simon, thank you so much. The book is what we google. 844 00:41:42,760 --> 00:41:44,440 Speaker 2: Thank you for coming in and if you need to 845 00:41:44,440 --> 00:41:47,239 Speaker 2: feel better about humanity, I highly endorse it all right 846 00:41:47,280 --> 00:41:50,120 Speaker 2: From more reviews and recommended books, Please sure to subscribe 847 00:41:50,160 --> 00:41:52,560 Speaker 2: to the new Bloomberg Weekend newsletter on books. You can 848 00:41:52,600 --> 00:41:57,319 Speaker 2: sign up at Bloomberg dot com Slash newsletters. Thanks for 849 00:41:57,400 --> 00:42:00,600 Speaker 2: joining us on today's Bloomberg This Weekend podcast. Don't forget 850 00:42:00,640 --> 00:42:02,840 Speaker 2: to tune in live for the show every Saturday and 851 00:42:02,920 --> 00:42:04,960 Speaker 2: Sunday morning, starting at seven am Eastern. 852 00:42:05,000 --> 00:42:08,000 Speaker 3: We're on Bloomberg Television Radio and the Bloomberg Business App, 853 00:42:08,120 --> 00:42:12,279 Speaker 3: bringing you unique takes and in depth interviews on news, politics, lifestyle, 854 00:42:12,400 --> 00:42:12,920 Speaker 3: and culture.