1 00:00:00,080 --> 00:00:10,119 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the 2 00:00:10,119 --> 00:00:13,880 Speaker 1: Bloomberg Balance of Power podcast. Catch us live weekdays at 3 00:00:13,920 --> 00:00:17,119 Speaker 1: noon and five pm Eastern on Apple, Cocklay and Android 4 00:00:17,160 --> 00:00:20,520 Speaker 1: Auto with the Bloomberg Business App. Listen on demand wherever 5 00:00:20,600 --> 00:00:24,480 Speaker 1: you get your podcasts, or watch us live on YouTube. 6 00:00:25,400 --> 00:00:30,560 Speaker 2: A newly elected Pope Leo the fourteenth stepping now off 7 00:00:30,600 --> 00:00:33,920 Speaker 2: the balcony in Vatican City after his election as the 8 00:00:33,960 --> 00:00:38,320 Speaker 2: next Pope, of course making history as the first American pope, 9 00:00:38,360 --> 00:00:40,640 Speaker 2: but also showcasing that he spent much of his life 10 00:00:40,720 --> 00:00:44,160 Speaker 2: in Peru and in Rome. As he spoke to supporters 11 00:00:44,840 --> 00:00:47,000 Speaker 2: and of course Catholics around the world, the more than 12 00:00:47,040 --> 00:00:50,159 Speaker 2: one billion of them in both Italian and in Spanish, 13 00:00:50,200 --> 00:00:52,280 Speaker 2: as he made his first words as the new pontiff. 14 00:00:52,280 --> 00:00:55,440 Speaker 2: I'm Kailey Lines in Washington with Bloomberg's Michael Shepherd, as 15 00:00:55,440 --> 00:00:58,360 Speaker 2: we've been listening and watching Vatican City live here on 16 00:00:58,400 --> 00:01:02,960 Speaker 2: Bloomberg TV and Radio app. Obviously, Mike, history being made 17 00:01:03,120 --> 00:01:05,399 Speaker 2: in this moment as we just heard our first words 18 00:01:05,880 --> 00:01:09,039 Speaker 2: from an American pope who also took the time to 19 00:01:09,080 --> 00:01:11,640 Speaker 2: thank his predecessor, the late Pope Francis. 20 00:01:11,720 --> 00:01:14,080 Speaker 3: He did and that was early in his remarks. He 21 00:01:14,160 --> 00:01:16,800 Speaker 3: spoke keyly for about ten minutes to those gathered in 22 00:01:16,880 --> 00:01:20,080 Speaker 3: Saint Peter Square and those tuning in around the world 23 00:01:20,160 --> 00:01:23,880 Speaker 3: waiting to hear the first words from this new pontiff. 24 00:01:24,080 --> 00:01:26,440 Speaker 3: What was interesting is that he chose to spoke first 25 00:01:26,600 --> 00:01:30,480 Speaker 3: in Italian, is his custom in the Vatican, and then 26 00:01:30,600 --> 00:01:34,880 Speaker 3: in Spanish, aiming a message specifically at his friends and 27 00:01:34,920 --> 00:01:38,080 Speaker 3: former colleagues in Peru, where he had served as archbishop 28 00:01:38,120 --> 00:01:42,720 Speaker 3: and had even acquired Peruvian citizenship after serving many years there. 29 00:01:42,880 --> 00:01:45,600 Speaker 3: So he is someone not just with North American roots 30 00:01:45,640 --> 00:01:48,440 Speaker 3: here in the US born in Chicago, but somebody who 31 00:01:48,520 --> 00:01:51,720 Speaker 3: spent much of his career in the developing world, some 32 00:01:51,840 --> 00:01:55,280 Speaker 3: key years there before he was summoned to the Vatican 33 00:01:55,320 --> 00:01:57,640 Speaker 3: by Pope Francis to serve in a key role there. 34 00:01:57,880 --> 00:01:59,960 Speaker 2: Yeah, and it's his alignment with the late Pope France 35 00:02:00,240 --> 00:02:02,440 Speaker 2: that maybe gives us some signalist to the direction he 36 00:02:02,520 --> 00:02:05,960 Speaker 2: is likely to carry the Catholic Church in as we 37 00:02:06,000 --> 00:02:08,640 Speaker 2: move forward. Having just been elected by the one hundred 38 00:02:08,639 --> 00:02:12,520 Speaker 2: and thirty three cardinals, who again only began their conclave yesterday, 39 00:02:12,600 --> 00:02:14,799 Speaker 2: this new Pope pop Leo the fourteenth, of course, was 40 00:02:14,840 --> 00:02:18,040 Speaker 2: elected in relatively few rounds of voting. I would also 41 00:02:18,040 --> 00:02:20,440 Speaker 2: point out we have heard from the US President Donald 42 00:02:20,480 --> 00:02:23,920 Speaker 2: Trump on his election already on True Social the President 43 00:02:23,960 --> 00:02:28,440 Speaker 2: congratulating the former Cardinal Robert Francis Provost who was just 44 00:02:28,919 --> 00:02:32,160 Speaker 2: named Pope, the new President or the new Pope rather 45 00:02:32,560 --> 00:02:34,919 Speaker 2: creating some excitement for President Trump as he talks about 46 00:02:34,960 --> 00:02:36,920 Speaker 2: him being the first American pope. He says, quote, what 47 00:02:36,960 --> 00:02:39,639 Speaker 2: excitement and what a great honor for a country, Mike 48 00:02:39,720 --> 00:02:43,160 Speaker 2: saying he looks forward to meeting with Pop Leo fourteenth. 49 00:02:43,200 --> 00:02:46,280 Speaker 3: And what's interesting, Kale, is that during his remarks in Italian, 50 00:02:46,600 --> 00:02:48,840 Speaker 3: he did send a signal that he may be following 51 00:02:48,840 --> 00:02:51,800 Speaker 3: in the legacy of his predecessor, Pope Francis when it 52 00:02:51,840 --> 00:02:56,400 Speaker 3: comes to taking a more progressive approach, especially when it 53 00:02:56,400 --> 00:03:00,720 Speaker 3: comes to things like charity and being present in the 54 00:03:00,720 --> 00:03:05,280 Speaker 3: evangelization throughout the world. His remarks in Italian, he referred 55 00:03:05,320 --> 00:03:09,040 Speaker 3: to pushing for peace and justice and doing all that 56 00:03:09,200 --> 00:03:11,720 Speaker 3: is worthy of their faith in Jesus Christ. 57 00:03:12,560 --> 00:03:14,400 Speaker 2: Very lucky to have Mike Shepherd with me here on 58 00:03:14,440 --> 00:03:18,079 Speaker 2: Bloomberg TV and Radio on this day. Understanding the Italian 59 00:03:18,120 --> 00:03:21,320 Speaker 2: spoken by the Pope and We're also very lucky to 60 00:03:21,400 --> 00:03:24,359 Speaker 2: have Mary c Boys with us. She's professor of practical 61 00:03:24,360 --> 00:03:27,400 Speaker 2: theology at Union Theological Seminary, who is here with us 62 00:03:27,440 --> 00:03:30,320 Speaker 2: on Bloomberg TV and Radio. Professor. My apologies for having 63 00:03:30,320 --> 00:03:33,600 Speaker 2: to cut you off earlier as we saw the Pope emerge, 64 00:03:33,600 --> 00:03:35,840 Speaker 2: But now that we have heard him speak, you were 65 00:03:35,880 --> 00:03:39,600 Speaker 2: expressing to us before your surprise, how do you anticipate 66 00:03:39,640 --> 00:03:41,440 Speaker 2: that he will carry the church forward? 67 00:03:43,680 --> 00:03:50,400 Speaker 4: I thought his first words were significant. He began by 68 00:03:50,680 --> 00:03:56,880 Speaker 4: evoking scripture, by evoking the text from the Gospel of 69 00:03:56,960 --> 00:04:01,040 Speaker 4: John in which Jesus returns to his side and says, 70 00:04:01,080 --> 00:04:06,480 Speaker 4: peace be with you, and then evoking the presence of 71 00:04:07,160 --> 00:04:11,800 Speaker 4: Pope Francis at Saint Peter's Basilica with the crowds on 72 00:04:11,880 --> 00:04:14,880 Speaker 4: Easter Sunday morning. And I thought that was a certain 73 00:04:15,000 --> 00:04:21,880 Speaker 4: linkage over time between the greatest feast of the Christian 74 00:04:22,000 --> 00:04:26,360 Speaker 4: liturgical year, which is Easter Sunday, and this message of 75 00:04:26,560 --> 00:04:29,159 Speaker 4: peace and that evil will not prevail. It's one of 76 00:04:29,160 --> 00:04:33,680 Speaker 4: the things that the new Pope has said in this 77 00:04:34,200 --> 00:04:41,279 Speaker 4: probably hastily composed reading that he gave. One of the 78 00:04:41,279 --> 00:04:45,200 Speaker 4: other things that he said that I thought also evokedspe 79 00:04:45,240 --> 00:04:49,320 Speaker 4: Francis is that dialogue is a bridge that we must 80 00:04:49,520 --> 00:04:53,760 Speaker 4: use in bringing people together and in working for peace 81 00:04:53,800 --> 00:04:57,159 Speaker 4: and justice. So it seems to me he really sets 82 00:04:57,240 --> 00:05:04,360 Speaker 4: himself in the tradition Francis. In particular, the fact that 83 00:05:04,480 --> 00:05:09,119 Speaker 4: he has spent most of his priesthood in Peru and 84 00:05:09,200 --> 00:05:12,240 Speaker 4: in Rome means that while he is an American from 85 00:05:12,240 --> 00:05:18,239 Speaker 4: the great City of Chicago, he is an international person. 86 00:05:20,160 --> 00:05:24,560 Speaker 4: This has a global experience. I think the fact that 87 00:05:24,600 --> 00:05:29,560 Speaker 4: he was in South America, in Peru for a long time, 88 00:05:30,120 --> 00:05:33,680 Speaker 4: that he chose to spoke, to speak in Spanish, and 89 00:05:34,040 --> 00:05:37,560 Speaker 4: to refer to the people of his diocese there, I 90 00:05:37,600 --> 00:05:40,280 Speaker 4: think these are all signals that this is a man 91 00:05:40,440 --> 00:05:47,240 Speaker 4: who has a global vision in a time when there 92 00:05:47,360 --> 00:05:50,360 Speaker 4: is so much division in our world, within our nations 93 00:05:50,400 --> 00:05:53,920 Speaker 4: but also between our nations. Now that doesn't magically heal 94 00:05:54,000 --> 00:05:59,040 Speaker 4: the world, but it's important that he is an international person. 95 00:06:01,000 --> 00:06:06,400 Speaker 3: Professor, you're pointing, I was going to say, Professor, you 96 00:06:06,440 --> 00:06:11,960 Speaker 3: have pointed to Leo as someone with an international focus 97 00:06:12,000 --> 00:06:16,320 Speaker 3: and orientation. Much like his predecessor, Pope Francis had taken 98 00:06:16,360 --> 00:06:20,880 Speaker 3: an ecumenical approach, reaching beyond the boundaries of the Christian Church. 99 00:06:21,240 --> 00:06:25,560 Speaker 3: To other faiths. Will we expect his successor to continue 100 00:06:25,600 --> 00:06:26,200 Speaker 3: that effort. 101 00:06:28,600 --> 00:06:31,000 Speaker 4: I certainly hope so. And I think his notion of 102 00:06:31,120 --> 00:06:34,160 Speaker 4: dialogue as a bridge is key here. And he spoke 103 00:06:34,680 --> 00:06:39,359 Speaker 4: on more than one occasion in that sharp reading about 104 00:06:39,400 --> 00:06:44,279 Speaker 4: all men and women, brothers and sisters, all and just 105 00:06:44,880 --> 00:06:47,960 Speaker 4: sort of lovely. Just as I was just about two 106 00:06:48,000 --> 00:06:51,680 Speaker 4: minutes ago, I got a text from a Jewish friend saying, 107 00:06:51,760 --> 00:06:55,440 Speaker 4: mazel tov on your new selection. I mean, the world 108 00:06:55,520 --> 00:07:01,240 Speaker 4: really is looking for people who have this global vision, 109 00:07:01,279 --> 00:07:05,240 Speaker 4: who have a sense that we must do everything we 110 00:07:05,360 --> 00:07:08,320 Speaker 4: can that evil will not prevail. And I also, I 111 00:07:08,360 --> 00:07:11,840 Speaker 4: don't I would have to do some more research, but 112 00:07:12,280 --> 00:07:14,880 Speaker 4: it seems to me his choice of the name Leo. 113 00:07:15,720 --> 00:07:20,840 Speaker 4: His immediate predecessor would be Leo the thirteenth, who was 114 00:07:20,960 --> 00:07:25,200 Speaker 4: cooked for about twenty five years, I think between eighteen 115 00:07:25,240 --> 00:07:27,679 Speaker 4: seventy eight and nineteen oh three, so it goes back 116 00:07:28,760 --> 00:07:33,120 Speaker 4: more than a century. And among the things that Leo 117 00:07:33,200 --> 00:07:37,480 Speaker 4: the thirteenth is best known for is a worldwide letter 118 00:07:37,600 --> 00:07:41,600 Speaker 4: known as Ancyclical called in Latin ra room lavarum, and 119 00:07:41,720 --> 00:07:47,000 Speaker 4: it was a very important advocacy for the working class, 120 00:07:47,040 --> 00:07:51,120 Speaker 4: for working men and women and so I wonder if 121 00:07:51,240 --> 00:07:54,440 Speaker 4: that has to do primarily with his choice of the 122 00:07:54,520 --> 00:07:56,760 Speaker 4: name Leo. I mean, we're all, you know, we don't 123 00:07:56,800 --> 00:07:59,720 Speaker 4: know these things, so we're speculating. But I do think 124 00:07:59,760 --> 00:08:05,840 Speaker 4: that would situate him in the tradition of Francis and 125 00:08:05,960 --> 00:08:10,240 Speaker 4: in the long tradition of Pope Leo, in advocating for 126 00:08:11,400 --> 00:08:14,120 Speaker 4: or peace and justice for the people in the world 127 00:08:14,360 --> 00:08:18,200 Speaker 4: who have all too little recognition and who work for 128 00:08:18,840 --> 00:08:21,920 Speaker 4: paltry wages and in unjust situations. 129 00:08:23,280 --> 00:08:28,480 Speaker 3: Professor you mentioned his outreach to the world, but in 130 00:08:28,520 --> 00:08:32,040 Speaker 3: the Church there has been division over the role of women. 131 00:08:32,160 --> 00:08:35,400 Speaker 3: What do we expect Pope Leo now to do on 132 00:08:35,440 --> 00:08:38,840 Speaker 3: that issue? Has he taken a stance in his previous roles? 133 00:08:40,200 --> 00:08:48,959 Speaker 4: I don't know that. So the church has one point 134 00:08:49,160 --> 00:08:56,400 Speaker 4: four billion members in every land, in every tribe and tongue. 135 00:08:56,679 --> 00:08:59,200 Speaker 4: So to say that we're divided is also to say. 136 00:08:59,720 --> 00:09:07,520 Speaker 4: This is an inordinately complex, ancient institution, the oldest institution, 137 00:09:07,840 --> 00:09:12,920 Speaker 4: long continuous institution in the West. So in one of 138 00:09:12,960 --> 00:09:15,760 Speaker 4: the complications is that the status and role of women 139 00:09:16,000 --> 00:09:22,560 Speaker 4: differs from culture to culture. So I hope that this 140 00:09:22,720 --> 00:09:25,959 Speaker 4: pope will be an advocate for more inclusion of women. 141 00:09:26,720 --> 00:09:31,080 Speaker 4: I feel very very strongly that until the church is 142 00:09:31,400 --> 00:09:33,720 Speaker 4: much more of the church it claims to be a 143 00:09:33,800 --> 00:09:37,880 Speaker 4: church that welcomes everyone, that uses the gifts of women 144 00:09:38,000 --> 00:09:41,600 Speaker 4: for leadership, that it will be a lesser church. So 145 00:09:42,280 --> 00:09:45,200 Speaker 4: but what exactly you know, I think, you know, pup 146 00:09:45,320 --> 00:09:51,440 Speaker 4: Francis have have real opposition, I would say enemies, and 147 00:09:51,480 --> 00:09:54,800 Speaker 4: I'm not sure he had the political capital, if you will, 148 00:09:55,840 --> 00:09:58,360 Speaker 4: to do more for women. I also think he had 149 00:09:58,360 --> 00:10:02,680 Speaker 4: some pretty traditional notions of women. I don't know what 150 00:10:02,720 --> 00:10:09,360 Speaker 4: our new pope's experience has been so but my guess 151 00:10:09,679 --> 00:10:13,040 Speaker 4: is that working in Peru, he would have worked with 152 00:10:13,240 --> 00:10:16,120 Speaker 4: many women who probably kept the church going on a 153 00:10:16,200 --> 00:10:20,439 Speaker 4: daily basis and who did teaching of the people and 154 00:10:21,400 --> 00:10:26,360 Speaker 4: that sort of thing. So, you know, I hope the 155 00:10:26,400 --> 00:10:29,560 Speaker 4: first thing that will happen, But in terms of an 156 00:10:29,720 --> 00:10:32,720 Speaker 4: ordination will be the ordination of women as deacons. We 157 00:10:32,840 --> 00:10:35,880 Speaker 4: know that historically that that is a given in the church. 158 00:10:37,440 --> 00:10:42,520 Speaker 4: But you know this has to work by the sort 159 00:10:42,520 --> 00:10:46,680 Speaker 4: of the leadership in various nations, and we know that 160 00:10:46,720 --> 00:10:52,000 Speaker 4: in many cultures women have a very inferior place. So 161 00:10:53,000 --> 00:10:56,400 Speaker 4: you know how this exactly is going to happen I 162 00:10:56,440 --> 00:11:00,800 Speaker 4: think it's going to happen with encouragement, and particularly in 163 00:11:00,920 --> 00:11:04,880 Speaker 4: certain countries where women are more prepared for leadership. 164 00:11:07,080 --> 00:11:10,600 Speaker 2: Well, and as we consider the church's approach to women 165 00:11:10,640 --> 00:11:13,400 Speaker 2: in leadership is one thing, but you allude to some 166 00:11:13,440 --> 00:11:17,400 Speaker 2: of the resistance Pope Francis ran into on other issues, 167 00:11:17,440 --> 00:11:21,960 Speaker 2: other social issues, including the church's approach to LGBTQ individuals. 168 00:11:22,000 --> 00:11:24,480 Speaker 2: And I wonder, Professor, if you could elaborate on where 169 00:11:24,520 --> 00:11:27,880 Speaker 2: you think that ongoing dialogue might go from here under pop. 170 00:11:27,720 --> 00:11:33,000 Speaker 4: Leo the fourteenth, again, because I don't really know the 171 00:11:33,480 --> 00:11:38,320 Speaker 4: thinking of the new pope, or I don't really know. 172 00:11:38,400 --> 00:11:40,439 Speaker 4: He hasn't been one of those that's been talked about 173 00:11:40,440 --> 00:11:45,520 Speaker 4: so much as Popopoli, So I hope, I mean because 174 00:11:45,559 --> 00:11:47,440 Speaker 4: the fact that he sort of put himself in the 175 00:11:47,440 --> 00:11:50,240 Speaker 4: tradition of Francis, it would seem to me that he 176 00:11:50,320 --> 00:11:54,319 Speaker 4: would be open much to what is necessary, which is 177 00:11:54,360 --> 00:11:59,199 Speaker 4: a more inclusive church. You know, so many of us 178 00:11:59,240 --> 00:12:03,439 Speaker 4: live in nations where there are leaders that stoke divisions, 179 00:12:04,080 --> 00:12:07,640 Speaker 4: and the role of the pope is to be someone 180 00:12:07,679 --> 00:12:13,160 Speaker 4: who calls us together and not necessarily not meaning everybody 181 00:12:13,160 --> 00:12:16,000 Speaker 4: should become a Catholic trying to convert people, but who 182 00:12:16,040 --> 00:12:19,199 Speaker 4: has a vision for the for how the world could 183 00:12:19,240 --> 00:12:21,840 Speaker 4: really be. And I think one of the great things 184 00:12:21,840 --> 00:12:28,840 Speaker 4: that Pope Francis was his encyclical Lodato Sea on the Environment, 185 00:12:28,880 --> 00:12:30,880 Speaker 4: in which he begins by saying, the earth is our 186 00:12:30,960 --> 00:12:35,080 Speaker 4: common home. And I think that, you know, I teach 187 00:12:35,280 --> 00:12:43,360 Speaker 4: a historically Protestant seminary that is ecumenical and now inter religious. 188 00:12:43,400 --> 00:12:47,199 Speaker 4: And I would say that his encyclical made a profound 189 00:12:47,200 --> 00:12:53,120 Speaker 4: effect on many people in our seminary community who are 190 00:12:53,559 --> 00:12:57,040 Speaker 4: not Catholic, but could see the wisdom and the really 191 00:12:57,040 --> 00:13:01,000 Speaker 4: the prophetic character of Lodato Sea. So you know, the 192 00:13:01,040 --> 00:13:05,840 Speaker 4: Pope speaks yes to the to and within the church, 193 00:13:06,320 --> 00:13:09,240 Speaker 4: but what the Pope says is heard by many others. 194 00:13:09,280 --> 00:13:12,480 Speaker 4: And the Pope has a you know, he has a 195 00:13:13,000 --> 00:13:16,600 Speaker 4: he has a microphone, he has you know, uh, yes, 196 00:13:17,760 --> 00:13:21,960 Speaker 4: people in the world paying attention. He doesn't just work 197 00:13:22,040 --> 00:13:24,079 Speaker 4: as a colonel bureaucrat. 198 00:13:25,440 --> 00:13:28,240 Speaker 3: And he will be trying to send a message to 199 00:13:28,440 --> 00:13:33,319 Speaker 3: the world with his first trip outside Rome. Where do 200 00:13:33,360 --> 00:13:36,120 Speaker 3: you think he will be putting his greatest stock in 201 00:13:36,160 --> 00:13:40,000 Speaker 3: his first investment? We saw, for instance, Pope Francis visiting 202 00:13:40,040 --> 00:13:44,040 Speaker 3: an island off the Italian coast to highlight the plight 203 00:13:44,080 --> 00:13:47,520 Speaker 3: of migrants. But what would this new pope's priority perhaps be. 204 00:13:49,559 --> 00:13:54,600 Speaker 4: That's an excellent question, and I don't really know. I'd 205 00:13:54,640 --> 00:13:59,640 Speaker 4: have to really think about this. I suspect it would 206 00:13:59,640 --> 00:14:09,360 Speaker 4: be probably something to do with workers. It might be 207 00:14:09,679 --> 00:14:14,000 Speaker 4: among immigrants, because that migrants, these issues have certainly not 208 00:14:14,080 --> 00:14:22,680 Speaker 4: gone away. I think that it would be a very 209 00:14:22,720 --> 00:14:26,720 Speaker 4: interesting exercise for everybody in the church to talk about 210 00:14:26,920 --> 00:14:27,760 Speaker 4: what this should be. 211 00:14:29,400 --> 00:14:32,520 Speaker 2: Well, and we understand we are dealing with a lot 212 00:14:32,520 --> 00:14:35,320 Speaker 2: of unknown questions here as we are just hours into 213 00:14:35,360 --> 00:14:38,640 Speaker 2: knowing this new pope. Professor, we so appreciate you joining 214 00:14:38,680 --> 00:14:39,760 Speaker 2: us on this historic day. 215 00:14:39,800 --> 00:14:40,040 Speaker 4: Mary C. 216 00:14:40,200 --> 00:14:44,320 Speaker 2: Boyce, Professor of Practical Theology at Union Theological Cemetery. We 217 00:14:44,360 --> 00:14:47,240 Speaker 2: appreciate you joining us here on Bloomberg TV and Radio. 218 00:14:47,320 --> 00:14:50,960 Speaker 2: After the conclave made its selection. And of course, an 219 00:14:50,960 --> 00:14:54,560 Speaker 2: American pope is now in charge of the Catholic Church, 220 00:14:54,600 --> 00:14:56,000 Speaker 2: Pope Leo the fourteenth. 221 00:14:56,680 --> 00:15:00,280 Speaker 3: Now, Mike, this is a historic Mommy, Kayley. We'll have 222 00:15:00,320 --> 00:15:03,120 Speaker 3: so much more to learn about the direction that he 223 00:15:03,240 --> 00:15:06,480 Speaker 3: will be setting for the church and the stamp that 224 00:15:06,520 --> 00:15:10,120 Speaker 3: he will be trying to put globally on where his 225 00:15:10,240 --> 00:15:13,360 Speaker 3: policy views are and what issues he is going to 226 00:15:13,400 --> 00:15:14,960 Speaker 3: highlight his most important yeah and. 227 00:15:14,880 --> 00:15:17,960 Speaker 2: Of course referencing or alluding to his global reach and 228 00:15:18,000 --> 00:15:21,200 Speaker 2: his initial remarks in Vatican City as he spoke to 229 00:15:21,280 --> 00:15:23,400 Speaker 2: Catholics all around the world, the more than one billion 230 00:15:23,440 --> 00:15:26,560 Speaker 2: of them in Italian and Spanish, and led a prayer 231 00:15:26,800 --> 00:15:28,360 Speaker 2: in Latin Popelio the fourteenth. 232 00:15:28,440 --> 00:15:34,840 Speaker 3: Thank you for being with us, Thanks for listening to 233 00:15:34,880 --> 00:15:36,480 Speaker 3: the Balance of Power podcast. 234 00:15:37,080 --> 00:15:39,520 Speaker 4: Make sure to subscribe if you haven't already, at Apple, 235 00:15:39,640 --> 00:15:40,200 Speaker 4: Spotify 236 00:15:40,320 --> 00:15:42,880 Speaker 3: Or wherever you get your podcasts, and you can find 237 00:15:42,960 --> 00:15:46,200 Speaker 3: us live every weekday from Washington, DC at noontime Eastern 238 00:15:46,480 --> 00:15:47,880 Speaker 3: at Bloomberg dot com.