1 00:00:02,520 --> 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 --> 00:00:37,600 Speaker 4: bringing you unique takes and in depth interviews on news, politics, 10 00:00:37,680 --> 00:00:39,120 Speaker 4: lifestyle and culture. 11 00:00:41,960 --> 00:00:44,560 Speaker 2: Joining us now is Democratic Senator Jean Shehenes. She's the 12 00:00:44,640 --> 00:00:47,479 Speaker 2: ranking Democrat on the Senate Foreign Relations Committee and co 13 00:00:47,600 --> 00:00:51,239 Speaker 2: chair of the bipartisan NATO Observer Group. Senator, thank you 14 00:00:51,280 --> 00:00:53,120 Speaker 2: so much for being with us. I first want to 15 00:00:53,120 --> 00:00:55,680 Speaker 2: ask you what your take is on on me with 16 00:00:55,720 --> 00:00:56,520 Speaker 2: you the events. 17 00:00:56,760 --> 00:00:57,960 Speaker 5: Thank you, sir. We have a bit of a delay. 18 00:00:57,960 --> 00:01:02,680 Speaker 2: I apologize I should have known that overnight and the 19 00:01:02,840 --> 00:01:05,679 Speaker 2: impact on the US force position in the Middle East, 20 00:01:05,720 --> 00:01:08,959 Speaker 2: both our military and diplomatic installations. 21 00:01:12,240 --> 00:01:16,160 Speaker 6: Well, I think, like all Americans, I offer my deepest 22 00:01:16,200 --> 00:01:18,959 Speaker 6: condolences to the families of those service members who have 23 00:01:19,000 --> 00:01:23,319 Speaker 6: been lost. Our men and women in the Middle East 24 00:01:23,360 --> 00:01:29,000 Speaker 6: have performed in an outstanding way and they will continue 25 00:01:29,040 --> 00:01:31,880 Speaker 6: to do that. But what we need to do is 26 00:01:31,920 --> 00:01:35,320 Speaker 6: to bring this war to a close and get the 27 00:01:35,360 --> 00:01:39,560 Speaker 6: president to get Iran back to the negotiating table. He 28 00:01:39,640 --> 00:01:42,000 Speaker 6: has not accomplished any of the goals that he set 29 00:01:42,040 --> 00:01:44,760 Speaker 6: out for the war in the beginning, whether it's getting 30 00:01:44,840 --> 00:01:48,400 Speaker 6: rid of the Iran's nuclear program or changing the regime. 31 00:01:48,440 --> 00:01:51,160 Speaker 6: We have a more hardline regime in place. We haven't 32 00:01:51,160 --> 00:01:55,080 Speaker 6: dealt with the enriched uranium that's on site, we haven't 33 00:01:55,120 --> 00:02:01,440 Speaker 6: destroyed the ballistic missile capability. And furthermore, Iran is controlling 34 00:02:01,480 --> 00:02:04,000 Speaker 6: the straight of hor moves and that was never an 35 00:02:04,040 --> 00:02:07,800 Speaker 6: issue before with respect to their nuclear program. They continue 36 00:02:07,840 --> 00:02:11,480 Speaker 6: to support proxies across the Middle East. So now's the 37 00:02:11,520 --> 00:02:14,359 Speaker 6: time to get them back to the table to address 38 00:02:14,440 --> 00:02:19,440 Speaker 6: these issues, because it seems clear that while we are 39 00:02:19,440 --> 00:02:23,320 Speaker 6: going to degrade their capability to finally address all of 40 00:02:23,360 --> 00:02:26,040 Speaker 6: these issues is not going to be possible just by 41 00:02:26,080 --> 00:02:27,119 Speaker 6: a bombing campaign. 42 00:02:27,520 --> 00:02:30,320 Speaker 3: You sit on the Foreign Relations Committee, the Armed Services Committee, 43 00:02:30,480 --> 00:02:31,920 Speaker 3: and I hear you on your call to get her 44 00:02:31,960 --> 00:02:34,680 Speaker 3: on back to the table. But I wonder what route 45 00:02:34,720 --> 00:02:37,240 Speaker 3: you see for doing that. You mentioned the president's goals 46 00:02:37,240 --> 00:02:39,800 Speaker 3: here what they were at the onset of this conflict. 47 00:02:40,480 --> 00:02:41,160 Speaker 7: They have changed. 48 00:02:41,200 --> 00:02:43,040 Speaker 3: There's been the plasticity to them over the. 49 00:02:43,000 --> 00:02:44,799 Speaker 7: Course of this war so far. 50 00:02:46,280 --> 00:02:48,240 Speaker 3: I wonder if it's clear to you what their objectives are, 51 00:02:48,480 --> 00:02:49,919 Speaker 3: and again, how you would get the mary When. 52 00:02:49,760 --> 00:02:52,519 Speaker 6: You say plasticity, I assume you mean they've gone back 53 00:02:52,520 --> 00:02:56,600 Speaker 6: and forth. Yes, when you say plasticity. What we've seen 54 00:02:56,680 --> 00:03:00,120 Speaker 6: is that the President announces different goals from day to day. 55 00:03:00,360 --> 00:03:02,840 Speaker 6: The problem is there hasn't been a strategy for this war. 56 00:03:03,280 --> 00:03:05,520 Speaker 6: We need a strategy. We need to figure out how 57 00:03:05,520 --> 00:03:07,200 Speaker 6: we're going to get a Ran back to the table 58 00:03:07,440 --> 00:03:11,600 Speaker 6: so that we can actually negotiate. Unfortunately, the president is 59 00:03:12,240 --> 00:03:15,800 Speaker 6: the one page two page memorandum that he announced that 60 00:03:16,000 --> 00:03:21,400 Speaker 6: was signed by Iran in the United States was open 61 00:03:21,639 --> 00:03:26,480 Speaker 6: to vast interpretation and it basically provided Iran everything they wanted, 62 00:03:26,560 --> 00:03:29,840 Speaker 6: and yet they're still not satisfied. So we've got to 63 00:03:30,040 --> 00:03:32,400 Speaker 6: have come up with a different strategy, and so far 64 00:03:32,480 --> 00:03:36,120 Speaker 6: the President hasn't shared that with Congress or the American public. 65 00:03:36,280 --> 00:03:37,280 Speaker 6: How he's going to do that. 66 00:03:37,800 --> 00:03:40,080 Speaker 2: I wonder how concerned you are that Iran seems to 67 00:03:40,120 --> 00:03:42,840 Speaker 2: be employing a different strategy now with its tactics with 68 00:03:43,320 --> 00:03:46,880 Speaker 2: attacking these bases. They have different munitions. They're barraging them 69 00:03:46,880 --> 00:03:49,200 Speaker 2: with cheaper munitions before firing the ones that they can 70 00:03:49,200 --> 00:03:51,920 Speaker 2: target better. And there's also reporting in the Wall Street 71 00:03:51,960 --> 00:03:54,960 Speaker 2: Journal that perhaps they are getting targeting information and help 72 00:03:55,000 --> 00:03:56,800 Speaker 2: from either China or Russia. I wonder if you have 73 00:03:56,840 --> 00:03:59,720 Speaker 2: any insight into that intelligence and what you think about 74 00:03:59,720 --> 00:04:01,920 Speaker 2: these tactics if you're concerned about an escalation. 75 00:04:05,320 --> 00:04:09,040 Speaker 6: I don't have any insights beyond what's been publicly reported, 76 00:04:09,440 --> 00:04:12,960 Speaker 6: but it does go to the point that we need 77 00:04:13,000 --> 00:04:18,040 Speaker 6: to get Russia back. We need to address their warren Ukraine. 78 00:04:18,160 --> 00:04:21,000 Speaker 6: We need to continue to degrade their capability, and that's 79 00:04:21,040 --> 00:04:23,240 Speaker 6: what the Ukrainians are doing. We need to put pressure 80 00:04:23,240 --> 00:04:26,719 Speaker 6: on Vladimir Putin. Now is the time there is momentum 81 00:04:27,040 --> 00:04:31,920 Speaker 6: on Ukraine side, and if Ukraine can defeat Russia there, 82 00:04:32,360 --> 00:04:35,400 Speaker 6: then that puts real pressure on them. In the Middle East. 83 00:04:36,000 --> 00:04:38,279 Speaker 6: We need to look at China. One of the things 84 00:04:38,320 --> 00:04:41,800 Speaker 6: that we have just introduced reintroduced this week is the 85 00:04:43,160 --> 00:04:47,679 Speaker 6: Grand Blumenthal Sanctions Bill that would target the top users 86 00:04:47,720 --> 00:04:50,200 Speaker 6: of Russian oil and gas and China is the number 87 00:04:50,200 --> 00:04:53,400 Speaker 6: one user, and if we can shut down their ability 88 00:04:53,440 --> 00:04:56,720 Speaker 6: to access that cheap Russian oil and gas, that has 89 00:04:56,760 --> 00:04:59,960 Speaker 6: a real impact on them, and it restricts their ability 90 00:05:00,080 --> 00:05:01,120 Speaker 6: these in the Middle East. 91 00:05:01,600 --> 00:05:04,760 Speaker 3: Senator, let me ask you about that bill. So there's 92 00:05:04,800 --> 00:05:06,840 Speaker 3: the debate in the Congress about it and what it 93 00:05:06,880 --> 00:05:08,640 Speaker 3: should do. But the President has a lot of latitude here. 94 00:05:08,640 --> 00:05:10,799 Speaker 3: Were it to be passed, he would choose to implement 95 00:05:10,800 --> 00:05:14,279 Speaker 3: those tariffs. Those secondary tariffs are not and I'm very curious, 96 00:05:14,320 --> 00:05:17,520 Speaker 3: service you've been a party to these conversations with the 97 00:05:17,520 --> 00:05:21,159 Speaker 3: White House, with the US Trade representative. Your sense of 98 00:05:21,200 --> 00:05:24,320 Speaker 3: the eagerness or willingness of this administration, the President in 99 00:05:24,320 --> 00:05:27,040 Speaker 3: particular to impose those tariffs if in fact this has 100 00:05:27,080 --> 00:05:27,760 Speaker 3: made law. 101 00:05:27,960 --> 00:05:29,080 Speaker 7: We've seen the. 102 00:05:29,040 --> 00:05:32,680 Speaker 3: Way that he has operated with regard to Russia in 103 00:05:32,720 --> 00:05:35,720 Speaker 3: the past, the unwillingness to impose sanctions and tariffs like 104 00:05:35,760 --> 00:05:37,760 Speaker 3: this previously. Do you think that he's at a point 105 00:05:37,760 --> 00:05:39,960 Speaker 3: at which he would likely put those tariffs of one 106 00:05:40,000 --> 00:05:41,919 Speaker 3: hundred percent in place where he given the ability to 107 00:05:41,960 --> 00:05:45,279 Speaker 3: do so. 108 00:05:45,400 --> 00:05:45,679 Speaker 2: Well. 109 00:05:46,000 --> 00:05:48,880 Speaker 6: The momentum, as I said, is on the side of Ukraine. 110 00:05:49,279 --> 00:05:51,840 Speaker 6: And the fact is this is a very different bill 111 00:05:51,920 --> 00:05:55,159 Speaker 6: than the bill that was originally introduced by Senators Graham 112 00:05:55,160 --> 00:05:59,000 Speaker 6: and Blumenthal. It is much more narrowly crafted. It's aimed 113 00:05:59,000 --> 00:06:01,960 Speaker 6: at the top five users of Russian oil and gas. 114 00:06:02,120 --> 00:06:06,120 Speaker 6: It's aimed at the Shadow Fleet. We've already sanctioned the 115 00:06:06,120 --> 00:06:09,080 Speaker 6: Shadow Fleet from Iran and that's had a real impact 116 00:06:09,080 --> 00:06:13,120 Speaker 6: on their ability to sell oil. So this would have 117 00:06:13,160 --> 00:06:16,120 Speaker 6: a real impact on Russia. And what we know right 118 00:06:16,160 --> 00:06:20,120 Speaker 6: now is that they're losing over thirty thousand casualties a month. 119 00:06:20,360 --> 00:06:23,000 Speaker 6: Their economy has taken a big hit. If we can 120 00:06:23,560 --> 00:06:27,320 Speaker 6: really put pressure on Vladimir Putin, it's going to have 121 00:06:27,400 --> 00:06:30,159 Speaker 6: an impact. That's what this bill is designed to do, 122 00:06:30,760 --> 00:06:34,280 Speaker 6: and what we've seen from it would be a fitting 123 00:06:34,320 --> 00:06:37,480 Speaker 6: tribute to Senator Graham to be able to pass this. 124 00:06:37,680 --> 00:06:41,040 Speaker 6: When we were in Ankara at the NATO summit last week, 125 00:06:41,760 --> 00:06:45,080 Speaker 6: we heard from the White House that they were supportive 126 00:06:45,120 --> 00:06:52,040 Speaker 6: of the legislation. The Treasury and the Trade Representative are 127 00:06:52,200 --> 00:06:56,200 Speaker 6: both supportive. So this is the opportune time to get 128 00:06:56,200 --> 00:06:59,400 Speaker 6: this bill passed. We have sixty two sponsors in the 129 00:06:59,440 --> 00:07:03,640 Speaker 6: Senate now and we're still working on more. So let's 130 00:07:03,640 --> 00:07:06,880 Speaker 6: get this done and let's put pressure on Vladimir Putin 131 00:07:06,920 --> 00:07:08,599 Speaker 6: and shut down his war machine. 132 00:07:08,839 --> 00:07:10,960 Speaker 2: Senator, a little less than an hour ago, the President 133 00:07:11,000 --> 00:07:14,720 Speaker 2: posted on truth Social that Republicans should add Iran to 134 00:07:14,840 --> 00:07:17,720 Speaker 2: that sanctions bill. He says, that's what Lindsay wanted to 135 00:07:17,760 --> 00:07:20,920 Speaker 2: do and was going to happen important. I'm wondering if 136 00:07:21,160 --> 00:07:24,600 Speaker 2: you had any inkling that the late Senator Graham wanted 137 00:07:24,640 --> 00:07:26,840 Speaker 2: to expand that bill to include Iran, and if you 138 00:07:26,880 --> 00:07:29,400 Speaker 2: think the inclusion of sanctions on Iran would either delay 139 00:07:29,520 --> 00:07:32,120 Speaker 2: or compromise all that support you just mentioned. 140 00:07:34,840 --> 00:07:38,440 Speaker 6: Well, Senator Graham never raised the concern about it putting 141 00:07:38,560 --> 00:07:42,400 Speaker 6: Iranian sanctions on the bill. The fact is we have 142 00:07:42,800 --> 00:07:46,040 Speaker 6: significant sanctions on Iran. When the war started, we put 143 00:07:46,120 --> 00:07:49,960 Speaker 6: additional sanctions on Iran. I think if the President wants 144 00:07:50,000 --> 00:07:52,000 Speaker 6: to do that, let's do it in a separate bill. 145 00:07:52,280 --> 00:07:56,000 Speaker 6: But this bill is moving. It's as I said, it's 146 00:07:56,040 --> 00:08:00,640 Speaker 6: targeted in a way that is important, and is comes 147 00:08:00,680 --> 00:08:05,200 Speaker 6: on the heels of the G seven conference where everyone 148 00:08:05,240 --> 00:08:09,400 Speaker 6: including President Trump signed on to communicate that said we 149 00:08:09,480 --> 00:08:12,600 Speaker 6: need to support Ukraine and put more pressure on Putin. 150 00:08:12,920 --> 00:08:18,200 Speaker 6: That was echoed at the NATO summit. We know that 151 00:08:18,200 --> 00:08:20,680 Speaker 6: that's what it's going to take to get Vladimir Putin 152 00:08:20,720 --> 00:08:23,440 Speaker 6: to the table. So far we have not been successful 153 00:08:23,600 --> 00:08:26,160 Speaker 6: at getting him to the negotiating table, and let's put 154 00:08:26,240 --> 00:08:28,000 Speaker 6: more pressure on him to do that. 155 00:08:28,640 --> 00:08:30,480 Speaker 7: Senator, we're talking to you in London. 156 00:08:30,520 --> 00:08:32,040 Speaker 3: As you mentioned, you were an uncer for the NATO 157 00:08:32,040 --> 00:08:35,240 Speaker 3: summit a few days ago, and I'm very curious to 158 00:08:35,240 --> 00:08:38,439 Speaker 3: get your perspective on how Europeans are regarding the United States. 159 00:08:38,679 --> 00:08:40,959 Speaker 3: I think everyone would say this was at least a 160 00:08:41,000 --> 00:08:43,760 Speaker 3: relatively successful summit in the context of past NATO summits. 161 00:08:43,760 --> 00:08:46,480 Speaker 3: The present's been a participant in, but we have seen 162 00:08:46,720 --> 00:08:50,000 Speaker 3: Europeans kind of react or comport themselves differently as the 163 00:08:50,120 --> 00:08:52,640 Speaker 3: US has begun to kind of disengage with some traditional 164 00:08:52,640 --> 00:08:55,760 Speaker 3: aspects of their relationship with Europe. How do you see 165 00:08:55,760 --> 00:08:58,599 Speaker 3: that relationship today? Are you worried about it? What's the 166 00:08:58,640 --> 00:08:59,640 Speaker 3: path forward as you see it? 167 00:09:03,000 --> 00:09:03,160 Speaker 2: Well? 168 00:09:03,200 --> 00:09:05,960 Speaker 6: As you pointed out, the NATO summit was very successful. 169 00:09:06,040 --> 00:09:09,920 Speaker 6: Not only did we highlight the additional spending on defense. 170 00:09:10,440 --> 00:09:13,240 Speaker 6: All thirty two NATO countries are now at two percent 171 00:09:13,280 --> 00:09:16,959 Speaker 6: of GDP, which had been an earlier goal. They're working 172 00:09:17,000 --> 00:09:19,240 Speaker 6: their way up to five percent of GDP. We have 173 00:09:19,280 --> 00:09:22,200 Speaker 6: a number of countries that I think seven now that 174 00:09:22,400 --> 00:09:26,280 Speaker 6: are over three percent, and so it was an opportunity 175 00:09:26,320 --> 00:09:30,599 Speaker 6: both to highlight that and also to highlight the opportunities 176 00:09:30,640 --> 00:09:34,720 Speaker 6: in our defense industrial base. We know that we're addressing 177 00:09:34,800 --> 00:09:39,079 Speaker 6: threats from China and the Indo Pacific, from Russia in Europe, 178 00:09:39,600 --> 00:09:43,000 Speaker 6: from Iran of course in North Korea. We know we've 179 00:09:43,000 --> 00:09:45,880 Speaker 6: got to work together with our allies and partners, and 180 00:09:45,960 --> 00:09:48,439 Speaker 6: we've got to improve our defense industrial base in a 181 00:09:48,520 --> 00:09:52,520 Speaker 6: way that allows us to work more collaborative together to 182 00:09:52,559 --> 00:09:55,839 Speaker 6: do co production. And we focused on that at the 183 00:09:55,920 --> 00:09:58,600 Speaker 6: NATO summit in a way that I think was really important. 184 00:10:00,000 --> 00:10:04,520 Speaker 6: We didn't hear from our European partners that they were 185 00:10:04,559 --> 00:10:09,160 Speaker 6: concerned about the United States. What we heard was the 186 00:10:09,200 --> 00:10:13,040 Speaker 6: importance of all of us working together cooperating. I'm here 187 00:10:13,200 --> 00:10:17,600 Speaker 6: in England with a bipartisan delegation from the Congress to 188 00:10:18,240 --> 00:10:21,000 Speaker 6: for the Farnborough Air Show. It's one of the biggest 189 00:10:21,000 --> 00:10:24,040 Speaker 6: air shows in the world, and the American presence here 190 00:10:24,160 --> 00:10:27,000 Speaker 6: is bigger than it's ever been in the past, and 191 00:10:27,559 --> 00:10:30,440 Speaker 6: everyone's talking about how do we work together, how do 192 00:10:30,480 --> 00:10:33,960 Speaker 6: we continue to innovate to keep America ahead of the 193 00:10:34,000 --> 00:10:37,240 Speaker 6: competition when it comes to aerospace, which is so important 194 00:10:37,280 --> 00:10:37,959 Speaker 6: to our future. 195 00:10:38,200 --> 00:10:40,920 Speaker 2: Senator, I'm assuming you didn't get that gift from Aeroon 196 00:10:41,000 --> 00:10:43,680 Speaker 2: at the NATO summit that some of the other delegates got. 197 00:10:43,720 --> 00:10:46,000 Speaker 2: I think aus we're calling it the Aeroon Special. But 198 00:10:46,679 --> 00:10:49,120 Speaker 2: assuming you didn't go home with any new weapons, I 199 00:10:49,200 --> 00:10:52,120 Speaker 2: do know that you met with Ukraine's President Selensky while 200 00:10:52,160 --> 00:10:52,520 Speaker 2: you were there. 201 00:10:52,559 --> 00:10:54,400 Speaker 5: It seems like this is a very pivotal. 202 00:10:54,000 --> 00:10:56,800 Speaker 2: Time in that conflict, and there's also some time happening 203 00:10:57,360 --> 00:10:59,760 Speaker 2: in Kiev right now inside his government. What was your 204 00:10:59,760 --> 00:11:02,400 Speaker 2: com verciation with Zelensky like and what is your take 205 00:11:02,440 --> 00:11:04,720 Speaker 2: on what's going on with the leadership of the defense 206 00:11:04,760 --> 00:11:05,960 Speaker 2: department in Ukraine right now. 207 00:11:09,200 --> 00:11:13,760 Speaker 6: Well, we talked at the NATO summit about what Ukraine's 208 00:11:13,800 --> 00:11:18,240 Speaker 6: success is about their drone production, their innovation when it 209 00:11:18,240 --> 00:11:20,600 Speaker 6: comes to drones, and how critical that's been to the 210 00:11:20,600 --> 00:11:23,400 Speaker 6: conduct of this war. One of the people who has 211 00:11:23,440 --> 00:11:27,240 Speaker 6: been very important in helping to change that direction when 212 00:11:27,280 --> 00:11:30,520 Speaker 6: it comes to drone production in the new way of 213 00:11:30,679 --> 00:11:34,160 Speaker 6: waging war has been their Defense Minister Federoff, who was 214 00:11:34,280 --> 00:11:39,120 Speaker 6: dismissed by President Zelensky. Now there are demonstrations. I think 215 00:11:39,400 --> 00:11:41,920 Speaker 6: President Zelenski has said he's going to listen to what 216 00:11:41,960 --> 00:11:44,400 Speaker 6: people have to say, and I hope he's going to 217 00:11:44,440 --> 00:11:45,439 Speaker 6: be responsive to that. 218 00:11:46,320 --> 00:11:48,840 Speaker 3: I want to ask you about this period that we're 219 00:11:48,880 --> 00:11:51,520 Speaker 3: in when you look at the Ukraine conflict, this forty 220 00:11:51,600 --> 00:11:55,640 Speaker 3: day period that the President Zelensky's really emphasizing additional strikes 221 00:11:55,679 --> 00:11:57,960 Speaker 3: on Russia. We've seen him strike ships in the Strait 222 00:11:57,960 --> 00:12:00,800 Speaker 3: of Asar as well. How do you view the kind 223 00:12:00,840 --> 00:12:03,800 Speaker 3: of pivotal nature of this moment in that conflict? And 224 00:12:04,040 --> 00:12:06,240 Speaker 3: the images that we saw yesterday from the President's Twitter 225 00:12:06,280 --> 00:12:10,600 Speaker 3: account were really extraordinary, the strikes that Ukraine made on Russia. 226 00:12:11,160 --> 00:12:12,840 Speaker 3: What does it tell you about the trajectory of the 227 00:12:12,840 --> 00:12:15,040 Speaker 3: conflict and indeed what Ukraine needs at this point in 228 00:12:15,080 --> 00:12:15,720 Speaker 3: terms of support. 229 00:12:19,080 --> 00:12:22,280 Speaker 6: Well, again, there's no doubt the momentum is on Ukraine's 230 00:12:22,320 --> 00:12:24,560 Speaker 6: side right now, and that's why we need to be 231 00:12:24,600 --> 00:12:28,280 Speaker 6: thinking about every avenue we can to support Ukraine. We 232 00:12:28,320 --> 00:12:33,520 Speaker 6: saw tremendous support for Ukraine after the NATO summit, pledging 233 00:12:33,679 --> 00:12:39,080 Speaker 6: billions of dollars in support. Looking at President Trump said 234 00:12:39,080 --> 00:12:42,000 Speaker 6: to President Zelenski, we agree you should be able to 235 00:12:42,080 --> 00:12:46,040 Speaker 6: produce the patriot missile and interceptors in Ukraine. 236 00:12:46,200 --> 00:12:48,000 Speaker 5: That was a big step forward. 237 00:12:48,559 --> 00:12:52,199 Speaker 6: And thinking about how we put pressure on Russia now 238 00:12:52,360 --> 00:12:55,880 Speaker 6: and Vladimir Putin is really critical. And that's why this 239 00:12:55,960 --> 00:12:59,640 Speaker 6: Russia sanctions bill that we have that would sanction their 240 00:12:59,679 --> 00:13:04,280 Speaker 6: final antial entities, their oligarchs. Also look at those countries 241 00:13:04,280 --> 00:13:07,120 Speaker 6: that are benefiting from that cheap Russian oil and gas 242 00:13:07,360 --> 00:13:11,560 Speaker 6: and shut that down, because that shuts down the support 243 00:13:11,640 --> 00:13:14,280 Speaker 6: for Russia's war machine. And that's what we need to do. 244 00:13:14,360 --> 00:13:18,520 Speaker 6: Their economy is on the brink, it's teetering. The casualties 245 00:13:18,559 --> 00:13:24,200 Speaker 6: that they're losing are just unbelievable from an America's prospect 246 00:13:24,280 --> 00:13:28,040 Speaker 6: when you think about in less than three months, Russia's 247 00:13:28,080 --> 00:13:32,839 Speaker 6: losing as many people on the battlefield as we lost 248 00:13:32,920 --> 00:13:36,560 Speaker 6: throughout all of Vietnam. So now is the time for 249 00:13:36,640 --> 00:13:39,920 Speaker 6: us to take action. I'm hoping Congress will do this. 250 00:13:40,160 --> 00:13:43,360 Speaker 6: We'll get this bill passed, and think about all the 251 00:13:43,440 --> 00:13:46,000 Speaker 6: other ways that we can try and bring Vladimir Putin 252 00:13:46,040 --> 00:13:49,240 Speaker 6: to the table to end this war centa. 253 00:13:49,240 --> 00:13:51,840 Speaker 2: It does seem that this is at least moving towards 254 00:13:51,880 --> 00:13:54,400 Speaker 2: a level of pressure that Putin really hasn't felt prior 255 00:13:54,440 --> 00:13:57,640 Speaker 2: to this, but there is some concern with that, and 256 00:13:57,679 --> 00:14:00,000 Speaker 2: that is, if you corner someone, they're going to react. 257 00:14:00,600 --> 00:14:04,240 Speaker 2: Are you concerned that a desperate Putin could do something 258 00:14:04,480 --> 00:14:08,080 Speaker 2: really imhorrant, like the use of tactical nukes and what 259 00:14:08,120 --> 00:14:10,200 Speaker 2: can the US or its allies do to try to 260 00:14:10,200 --> 00:14:10,679 Speaker 2: prevent that. 261 00:14:14,080 --> 00:14:16,400 Speaker 6: Well, I think what Vladimir Putin is doing right now 262 00:14:16,440 --> 00:14:19,920 Speaker 6: is already imhorrent. And the concern is that if he's 263 00:14:19,960 --> 00:14:23,440 Speaker 6: successful in Ukraine or even if not, the one place 264 00:14:23,440 --> 00:14:27,720 Speaker 6: where he could escalate is against a NATO country. And 265 00:14:27,800 --> 00:14:31,160 Speaker 6: that's why doing everything we can to bring him to 266 00:14:31,200 --> 00:14:34,960 Speaker 6: the table is critical. Look, he's lost his foothold in 267 00:14:35,160 --> 00:14:39,320 Speaker 6: South America with Venezuela, he's in danger of losing Cuba, 268 00:14:39,720 --> 00:14:42,880 Speaker 6: He's lost his foothold in the Middle East in Syria. 269 00:14:44,600 --> 00:14:47,600 Speaker 6: Now is the time to add to that pressure to 270 00:14:47,600 --> 00:14:48,640 Speaker 6: get him to the table. 271 00:14:50,080 --> 00:14:51,720 Speaker 3: Let me just ask you to look ahead, if you could, 272 00:14:51,800 --> 00:14:53,160 Speaker 3: at the way in which you're going to get more 273 00:14:53,160 --> 00:14:55,640 Speaker 3: answers to questions that you have about the administration strategy 274 00:14:55,680 --> 00:14:58,440 Speaker 3: going forward. Here, I'm curious what's front of mine for you, 275 00:14:58,480 --> 00:15:00,280 Speaker 3: what you'd like to learn more about, and if indeed 276 00:15:00,480 --> 00:15:02,680 Speaker 3: there has been any improvement in the ability of the 277 00:15:02,800 --> 00:15:05,440 Speaker 3: committees on which you sit again, Armed Services and Foreign Relations, 278 00:15:05,800 --> 00:15:08,360 Speaker 3: in getting information about strategy from this administration. 279 00:15:12,120 --> 00:15:15,280 Speaker 6: Well, not that I'm aware of. We have a hearing 280 00:15:15,360 --> 00:15:19,760 Speaker 6: before Appropriations on Tuesday afternoon where Secretary heg Seth and 281 00:15:19,880 --> 00:15:23,800 Speaker 6: Secretary Rollins will come in for their supplemental budget request. 282 00:15:24,280 --> 00:15:27,920 Speaker 6: We have very few details about what they're planning and 283 00:15:27,960 --> 00:15:30,440 Speaker 6: what that would mean going forward for the war in Iran. 284 00:15:30,920 --> 00:15:36,200 Speaker 6: We need to see that transparency. The fact is, in 285 00:15:36,320 --> 00:15:40,720 Speaker 6: order to be successful, Congress and the administration should be 286 00:15:40,800 --> 00:15:46,320 Speaker 6: working together, and the President and the Secretary of heg 287 00:15:46,400 --> 00:15:48,960 Speaker 6: Seth have not provided any of those details. 288 00:15:49,280 --> 00:15:50,640 Speaker 7: Senator, thank you very much. That Senator Gen. 289 00:15:50,680 --> 00:15:52,640 Speaker 3: Shaheen of New Hampshire, where sits on the Foreign Relations, 290 00:15:52,760 --> 00:15:55,600 Speaker 3: Armed Services and Appropriations committees, joining us today from London 291 00:15:55,680 --> 00:15:57,080 Speaker 3: ahead of the Farmborough Airshow. 292 00:15:57,080 --> 00:15:58,520 Speaker 7: Appreciate your time. Thank you very much. 293 00:15:58,560 --> 00:15:59,120 Speaker 5: Thank you, ma'am. 294 00:15:59,440 --> 00:16:01,280 Speaker 2: All right, we're going to go now to the latest 295 00:16:01,280 --> 00:16:02,480 Speaker 2: headlines with Lisa Mittaio. 296 00:16:02,760 --> 00:16:05,360 Speaker 4: You gotta guys let us recalls tied to a cyclost 297 00:16:05,400 --> 00:16:09,520 Speaker 4: sporasis outbreak. It continues to spread and now select Walmart 298 00:16:09,560 --> 00:16:13,800 Speaker 4: locations they have removed four bag lettuce salad products manufactured 299 00:16:13,960 --> 00:16:17,120 Speaker 4: by Taylor Farms. The retailer said they pull the items 300 00:16:17,160 --> 00:16:19,880 Speaker 4: which are sold under its market Side Store brand as 301 00:16:19,920 --> 00:16:23,200 Speaker 4: a precaution. Now there have been no confirmed illnesses tied 302 00:16:23,240 --> 00:16:26,840 Speaker 4: to those products. Ontario Premier Doug Ford is fiery back 303 00:16:26,880 --> 00:16:30,760 Speaker 4: at the President Trump's criticism of Canada's wildfire response. The 304 00:16:30,760 --> 00:16:34,080 Speaker 4: President took this truth social on Friday, threatening higher tariffs 305 00:16:34,120 --> 00:16:37,360 Speaker 4: to deal with the costs of quote filthy polluted air now. 306 00:16:37,400 --> 00:16:41,280 Speaker 4: Ford called the President's rhetoric unacceptable and suggested dropping lumber 307 00:16:41,360 --> 00:16:44,680 Speaker 4: teriffs would help clear forest for it. Said Ontario has 308 00:16:44,720 --> 00:16:48,560 Speaker 4: one hundred ninety one active wildfires. Poor air quality not 309 00:16:48,600 --> 00:16:52,360 Speaker 4: affecting today's World Cup finals when Argentina defends its title 310 00:16:52,360 --> 00:16:55,880 Speaker 4: against Spain in New Jersey this afternoon. Now, Argentina looking 311 00:16:55,880 --> 00:16:58,800 Speaker 4: for its fourth title and battling, and they're battling Spain, 312 00:16:58,920 --> 00:17:01,360 Speaker 4: who is going for their set. And the match today 313 00:17:01,480 --> 00:17:04,480 Speaker 4: is going to be attended by eighty thousand spectators, including 314 00:17:04,520 --> 00:17:07,679 Speaker 4: President Donald Trump, and fifty thousand fans will attend a 315 00:17:07,680 --> 00:17:10,640 Speaker 4: free watch party on Central Park's Great Lawn. A Host 316 00:17:10,640 --> 00:17:13,080 Speaker 4: Committee study shows the World Cup has produced one point 317 00:17:13,080 --> 00:17:16,680 Speaker 4: two billion dollars in direct economic impact during the group 318 00:17:16,720 --> 00:17:20,720 Speaker 4: stage period and FIFA yes also introducing a star studied 319 00:17:20,800 --> 00:17:24,320 Speaker 4: closing ceremony alongside a first of its kind halftime show 320 00:17:24,480 --> 00:17:28,320 Speaker 4: for the final. It'll feature Madonna, Shakira, Justin Bieber and 321 00:17:28,960 --> 00:17:31,560 Speaker 4: b T S. David and Christina. 322 00:17:31,920 --> 00:17:35,240 Speaker 7: I'm excited for Shakira. That's akira sperennial presence. 323 00:17:35,600 --> 00:17:37,480 Speaker 5: I follow the guy who makes her skirts online. 324 00:17:37,520 --> 00:17:39,280 Speaker 8: They're very very friend g A. 325 00:17:39,359 --> 00:17:40,600 Speaker 7: Right, that's an interesting tidbit. 326 00:17:40,640 --> 00:17:43,159 Speaker 2: All right, this is gonna be a hard pivot, right 327 00:17:43,200 --> 00:17:45,320 Speaker 2: and as a less fun topic nowe all right, as 328 00:17:45,359 --> 00:17:47,720 Speaker 2: we just talked about with Senator Shaheen, Russia hit Ukraine 329 00:17:47,720 --> 00:17:50,280 Speaker 2: for the largest ballistic missile barrages so far in the 330 00:17:50,320 --> 00:17:53,879 Speaker 2: four year old war. Ukrainian President Lensky says it involved 331 00:17:53,880 --> 00:17:56,720 Speaker 2: more than fifty missiles and one hundred and twenty attack drones, 332 00:17:56,800 --> 00:17:59,280 Speaker 2: and now he's asking for more interceptors and more sanctions 333 00:17:59,280 --> 00:18:00,400 Speaker 2: on Russia. 334 00:18:00,160 --> 00:18:01,439 Speaker 7: After Ukraine struck in Russia. 335 00:18:01,520 --> 00:18:04,000 Speaker 3: Yesterday, I spoke to President Trump's former Deputy Secretary of 336 00:18:04,000 --> 00:18:06,440 Speaker 3: State at the Aspen Security Forum. Steve Began told me 337 00:18:06,480 --> 00:18:09,639 Speaker 3: President Trump truly wants piece, but Vladimir Putin does not 338 00:18:09,680 --> 00:18:10,359 Speaker 3: share that goal. 339 00:18:11,160 --> 00:18:14,880 Speaker 9: He sees war is a wasteful exercise. He also also 340 00:18:14,920 --> 00:18:18,119 Speaker 9: sees it as a failure of diplomacy, a failure of negotiation, 341 00:18:18,560 --> 00:18:21,119 Speaker 9: very much in the context of how president President Trump 342 00:18:21,160 --> 00:18:25,439 Speaker 9: likes to approach global tensions like this. But he's got 343 00:18:25,440 --> 00:18:27,280 Speaker 9: a bit of the conceit of the negotiator too, which 344 00:18:27,320 --> 00:18:30,480 Speaker 9: is I think he believes everything is negotiable. In this case, 345 00:18:31,160 --> 00:18:34,000 Speaker 9: It's just not the case. Putin doesn't want a negotiation. 346 00:18:34,280 --> 00:18:37,240 Speaker 9: Putin wants Ukraine, and he wants all of it. American 347 00:18:37,320 --> 00:18:41,200 Speaker 9: presidents are President Trump and even to a greater extent, 348 00:18:41,240 --> 00:18:45,080 Speaker 9: President Biden before him, wake up every morning and think 349 00:18:45,119 --> 00:18:48,199 Speaker 9: how do I avoid a direct war with Russia? But 350 00:18:48,280 --> 00:18:50,679 Speaker 9: Vladimir Putin wakes up every morning and thinks, how do 351 00:18:50,760 --> 00:18:54,000 Speaker 9: I win a war against America? And I think that 352 00:18:54,040 --> 00:18:56,960 Speaker 9: mismatch is very much on display. No matter how much 353 00:18:57,000 --> 00:18:59,760 Speaker 9: President Trump wants a peaceful end of this war, Vladimir 354 00:18:59,840 --> 00:19:01,120 Speaker 9: put It was not going to give it to him, 355 00:19:01,119 --> 00:19:02,680 Speaker 9: because peace is not his objective. 356 00:19:03,320 --> 00:19:04,919 Speaker 5: It's a really interesting point. 357 00:19:05,119 --> 00:19:08,960 Speaker 2: I think America for decades has failed to understand some 358 00:19:09,080 --> 00:19:12,679 Speaker 2: of its foes rationale in the ways of thinking, and 359 00:19:12,760 --> 00:19:15,920 Speaker 2: Russia especially, we just don't seem to frame ideas and 360 00:19:16,000 --> 00:19:18,160 Speaker 2: concepts and diplomacy the same way a lot of times. 361 00:19:18,160 --> 00:19:20,199 Speaker 3: And I think it's interesting, as you were talking just 362 00:19:20,240 --> 00:19:22,760 Speaker 3: about what a cornered Putin might do Secretary of Big 363 00:19:22,800 --> 00:19:26,439 Speaker 3: and expressing very similar concerns here about the irrationality of 364 00:19:26,480 --> 00:19:27,960 Speaker 3: somebody back into a corner in the way in which 365 00:19:27,960 --> 00:19:31,240 Speaker 3: it seems like President Putin is at least in small forms. 366 00:19:31,280 --> 00:19:32,760 Speaker 2: Percent but doesn't be like, here's the options. But that's 367 00:19:32,760 --> 00:19:35,119 Speaker 2: always dangerous. It's also dangerous, you know, power of pores, 368 00:19:35,119 --> 00:19:37,119 Speaker 2: a vacuum. If he goes, if he ever goes, what 369 00:19:37,200 --> 00:19:37,800 Speaker 2: replaces him? 370 00:19:37,840 --> 00:19:39,639 Speaker 3: Yeah, And I should say he echoing what the Senator 371 00:19:39,640 --> 00:19:41,320 Speaker 3: said just a moment ago, that he really feels like 372 00:19:41,320 --> 00:19:44,440 Speaker 3: this war has changed its trajectory here in recent weeks 373 00:19:44,480 --> 00:19:46,760 Speaker 3: that Ukraine does have the upper hand going forward. 374 00:19:46,760 --> 00:19:46,920 Speaker 9: Here. 375 00:19:49,160 --> 00:19:51,680 Speaker 7: Stay with us for more on Bloomberg this weekend. 376 00:19:51,960 --> 00:20:06,760 Speaker 2: Right after this, after a long, complicated, mostly joyful journey, 377 00:20:06,800 --> 00:20:09,080 Speaker 2: the twenty twenty six feet in World Cup is finally here. 378 00:20:09,160 --> 00:20:11,639 Speaker 2: Spain is going to be taking on Argentina as that 379 00:20:11,720 --> 00:20:13,520 Speaker 2: team tries to be the first to win back to 380 00:20:13,560 --> 00:20:16,520 Speaker 2: back World Cups, a feet not achieved since Brazil in 381 00:20:16,640 --> 00:20:19,520 Speaker 2: nineteen fifty eight and nineteen sixty two. So to bring 382 00:20:19,560 --> 00:20:21,919 Speaker 2: this all to a nice clothes we let go go 383 00:20:22,000 --> 00:20:24,520 Speaker 2: get a coffee and we invited Bloomberg Business of Sports 384 00:20:24,560 --> 00:20:27,399 Speaker 2: reporter hosts Randall Williams on the Sofia here with me 385 00:20:27,560 --> 00:20:30,200 Speaker 2: to help interview our next guests. We have Real Madrid 386 00:20:30,280 --> 00:20:33,119 Speaker 2: and German national team center back Antonio Rudigert. Thank you 387 00:20:33,160 --> 00:20:34,080 Speaker 2: so much for coming in. 388 00:20:34,680 --> 00:20:36,760 Speaker 5: We really appreciate this. Thank you for coming in. 389 00:20:37,000 --> 00:20:38,160 Speaker 10: Absolutely, I'm excited. 390 00:20:38,200 --> 00:20:40,040 Speaker 5: All right, boys, Who's going to win this game? 391 00:20:41,280 --> 00:20:41,520 Speaker 2: Who? 392 00:20:41,920 --> 00:20:43,040 Speaker 7: Asked a professional first? 393 00:20:44,680 --> 00:20:49,679 Speaker 11: I think that's a tough question. And who? Obviously, because 394 00:20:49,680 --> 00:20:54,960 Speaker 11: I play in Spain, I'm going for Spain. But it's 395 00:20:55,000 --> 00:20:58,920 Speaker 11: a tough match because Argentina is really really a strong opponent. 396 00:20:59,000 --> 00:21:03,280 Speaker 11: And yeah, but still I root for Spain fair enough. 397 00:21:03,119 --> 00:21:05,960 Speaker 10: So everyone who is analyzing this game, so that Spain 398 00:21:06,080 --> 00:21:08,399 Speaker 10: keeps the ball away, they don't allow you to have it, 399 00:21:08,440 --> 00:21:10,840 Speaker 10: and that's how you know ultimately they could beat Argentina's 400 00:21:10,880 --> 00:21:13,040 Speaker 10: if they score first and then play keep away. From 401 00:21:13,080 --> 00:21:15,600 Speaker 10: your perspective, what makes Spain a difficult opponent? 402 00:21:17,119 --> 00:21:19,600 Speaker 11: If you see the way hew Spain played the whole tournament, 403 00:21:19,920 --> 00:21:24,639 Speaker 11: they were always dominant. They played as a team, and 404 00:21:24,760 --> 00:21:27,720 Speaker 11: they have also great individual quality with La Migna mal 405 00:21:28,359 --> 00:21:31,880 Speaker 11: and I think that's great. They have a great mix, 406 00:21:32,400 --> 00:21:36,560 Speaker 11: great mix of team. But then you see Argentina is 407 00:21:36,840 --> 00:21:39,199 Speaker 11: they have Leonard and Messi and then they have the 408 00:21:39,240 --> 00:21:42,200 Speaker 11: soldiers and that makes them very dangerous. 409 00:21:42,600 --> 00:21:44,640 Speaker 5: How has this World Cup been overall? 410 00:21:44,680 --> 00:21:46,520 Speaker 2: I mean, I know, obviously Germany didn't go as far 411 00:21:46,520 --> 00:21:48,120 Speaker 2: as I'm sure you would have liked. But you've been here, 412 00:21:48,160 --> 00:21:51,919 Speaker 2: you've been playing and even watching it. It was very 413 00:21:51,960 --> 00:21:54,600 Speaker 2: controversial to start the venue, but it feels like, I mean, 414 00:21:54,640 --> 00:21:57,440 Speaker 2: people have called it a worldwide sleep over. The fans, 415 00:21:57,480 --> 00:21:59,840 Speaker 2: the Americans, we've gotten along pretty well. And from a 416 00:22:00,000 --> 00:22:01,440 Speaker 2: player's perspective, just how was it? 417 00:22:02,160 --> 00:22:02,200 Speaker 6: No? 418 00:22:02,320 --> 00:22:06,879 Speaker 11: I find it very very, very positive because you see 419 00:22:07,200 --> 00:22:10,720 Speaker 11: a lot of different nations meet together and the main 420 00:22:10,760 --> 00:22:14,320 Speaker 11: focus is the World Cup and the joy in the 421 00:22:14,400 --> 00:22:20,040 Speaker 11: people and all the emotions and the cultures are meeting 422 00:22:20,080 --> 00:22:23,720 Speaker 11: together and everyone supports and this is just great. 423 00:22:24,240 --> 00:22:24,840 Speaker 7: How is your. 424 00:22:24,760 --> 00:22:27,399 Speaker 10: Experience just being around the US city is one of 425 00:22:27,480 --> 00:22:29,920 Speaker 10: the things that was unique was that you were traveling 426 00:22:30,040 --> 00:22:32,120 Speaker 10: all throughout, you know, back and forth to the base 427 00:22:32,200 --> 00:22:34,879 Speaker 10: camp and then out to the matches themselves. What was 428 00:22:34,880 --> 00:22:37,320 Speaker 10: your experience like as you were traveling and experiencing the 429 00:22:37,320 --> 00:22:38,959 Speaker 10: different cultures in those cities. 430 00:22:40,160 --> 00:22:42,679 Speaker 11: For me personally, it was, first of all, we were 431 00:22:42,720 --> 00:22:46,560 Speaker 11: there for a job. Like the traveling, that's part of it. 432 00:22:46,560 --> 00:22:47,240 Speaker 5: It's a workshop. 433 00:22:47,440 --> 00:22:48,719 Speaker 7: Yeah, America. 434 00:22:48,760 --> 00:22:52,000 Speaker 11: America is a huge country, so that's why we knew 435 00:22:52,040 --> 00:22:55,359 Speaker 11: that before. But just meeting the people around because me, 436 00:22:55,440 --> 00:22:58,399 Speaker 11: I like to have walks outside and just connect with 437 00:22:58,440 --> 00:23:01,840 Speaker 11: the people and the people being great. They're being great 438 00:23:01,880 --> 00:23:04,120 Speaker 11: because normally when you come to the US, you think 439 00:23:04,160 --> 00:23:06,159 Speaker 11: like people will not recognize you or something like this, 440 00:23:06,440 --> 00:23:07,760 Speaker 11: so you think you have more. 441 00:23:07,720 --> 00:23:13,480 Speaker 5: Peace not in America recognized on the street. 442 00:23:13,600 --> 00:23:14,640 Speaker 11: Yes, yes, yes, yes, yes. 443 00:23:14,680 --> 00:23:15,680 Speaker 7: But the approach. I like that. 444 00:23:15,800 --> 00:23:19,200 Speaker 11: I like the approach. It's very respectful. This is really something, 445 00:23:19,440 --> 00:23:20,160 Speaker 11: very very nice. 446 00:23:20,320 --> 00:23:22,760 Speaker 5: Any favorite moments, favorite interactions. 447 00:23:22,600 --> 00:23:28,639 Speaker 11: Favorite interactions? Yeah, like not favorite because they all been 448 00:23:28,680 --> 00:23:31,680 Speaker 11: the same. Like, it's more about the approach, the way 449 00:23:31,720 --> 00:23:35,439 Speaker 11: people speak to you, like very friendly, always please and 450 00:23:35,480 --> 00:23:37,960 Speaker 11: thank you, like very well educated. 451 00:23:38,040 --> 00:23:40,760 Speaker 5: Oh that makes it. Thanks, thanks follow Americans. We appreciate that. 452 00:23:40,800 --> 00:23:45,280 Speaker 2: Ona you mentioned h MESSI you've played I think four 453 00:23:45,320 --> 00:23:48,680 Speaker 2: times in your career. What makes him stand out as 454 00:23:48,840 --> 00:23:51,280 Speaker 2: a player. Is he is he worth the hype? Is 455 00:23:51,320 --> 00:23:53,520 Speaker 2: he really as good as as his reputation? 456 00:23:54,359 --> 00:23:58,800 Speaker 11: Well, I think we are all seeing it and he's 457 00:23:58,880 --> 00:24:01,320 Speaker 11: now don't don't want to say anything wrong, but I 458 00:24:01,359 --> 00:24:04,040 Speaker 11: think he's now thirty nine years old. That's yeah, yeah, 459 00:24:04,119 --> 00:24:08,720 Speaker 11: thirty nine, So then you know that, and he's still 460 00:24:08,840 --> 00:24:12,160 Speaker 11: delivering on the world stage. So I think we don't 461 00:24:12,160 --> 00:24:14,120 Speaker 11: need to speak more fair enough. 462 00:24:14,119 --> 00:24:16,320 Speaker 10: I want to go back a couple of weeks when 463 00:24:16,480 --> 00:24:19,639 Speaker 10: Flow Balagin, the US striker, was he was given a 464 00:24:19,680 --> 00:24:21,760 Speaker 10: red card. Some say that red cards shouldn't have been 465 00:24:21,760 --> 00:24:23,840 Speaker 10: given out, but based on the rules, it should have 466 00:24:24,119 --> 00:24:26,480 Speaker 10: and we see President Trump get involved, he asked FIFA 467 00:24:26,520 --> 00:24:29,359 Speaker 10: to review it. As you were watching all of that unfold, 468 00:24:29,440 --> 00:24:35,159 Speaker 10: what was your perspective, Well, yeah, it's difficult. It's a 469 00:24:35,160 --> 00:24:39,879 Speaker 10: difficult topic, especially for the player for the US team. 470 00:24:40,160 --> 00:24:43,960 Speaker 10: I think I wouldn't say that is the fault why 471 00:24:44,000 --> 00:24:47,480 Speaker 10: they got eliminated, but I think that also plays. 472 00:24:47,200 --> 00:24:50,040 Speaker 3: A part that just came out of fire, especially for 473 00:24:50,640 --> 00:24:51,560 Speaker 3: a hard head game too. 474 00:24:51,960 --> 00:24:57,639 Speaker 11: Definitely, so yeah, but I think my personal opinion, he 475 00:24:57,680 --> 00:24:58,639 Speaker 11: should have stayed out of that. 476 00:24:59,200 --> 00:25:00,840 Speaker 5: If you were the coach, would you have played him 477 00:25:00,880 --> 00:25:02,040 Speaker 5: or would you have kept him out? 478 00:25:02,200 --> 00:25:04,560 Speaker 11: I will if I would be the coach of USA. 479 00:25:05,680 --> 00:25:08,040 Speaker 11: It's the talisman, it's the most one of the most 480 00:25:08,040 --> 00:25:09,280 Speaker 11: important players in the squad. 481 00:25:09,359 --> 00:25:11,600 Speaker 5: No, I would play, all right, all right, all right, 482 00:25:12,359 --> 00:25:14,879 Speaker 5: you mentioned the age. Messi's age. 483 00:25:15,080 --> 00:25:19,280 Speaker 2: This World Cup, Bloomberg did an analysis has more players 484 00:25:19,320 --> 00:25:21,639 Speaker 2: in their mid and late thirties than any other World 485 00:25:21,680 --> 00:25:24,480 Speaker 2: Cup in twenty twenty six six percent of the forty 486 00:25:24,480 --> 00:25:28,440 Speaker 2: eight national team squads where players on or around forty 487 00:25:28,480 --> 00:25:30,520 Speaker 2: eight of the twenty oldest ever players to play in 488 00:25:30,520 --> 00:25:33,200 Speaker 2: the World Cup match took the field in twenty twenty six. 489 00:25:33,560 --> 00:25:36,200 Speaker 2: He's still a young guy. But career longevity in sports 490 00:25:36,480 --> 00:25:39,320 Speaker 2: is hard. Is this encouraging? How are people achieving that? 491 00:25:39,359 --> 00:25:39,960 Speaker 5: And there are things? 492 00:25:40,080 --> 00:25:41,600 Speaker 2: Is that something you think about on a day to 493 00:25:41,640 --> 00:25:43,960 Speaker 2: day basis when you're playing, is how long you can 494 00:25:44,000 --> 00:25:44,239 Speaker 2: do this? 495 00:25:44,920 --> 00:25:47,359 Speaker 11: Absolutely, I'm thinking about it. But first of all, like 496 00:25:47,800 --> 00:25:51,760 Speaker 11: we all always hoping and praying that we stay healthy. Yeah, 497 00:25:53,320 --> 00:25:55,679 Speaker 11: but with the amount of games we have, it's not 498 00:25:55,680 --> 00:25:59,000 Speaker 11: always easy. So that's why I'm now in my thirties. 499 00:25:59,280 --> 00:26:03,000 Speaker 11: So I'm thirty three. So I'm also looking at always 500 00:26:03,760 --> 00:26:08,480 Speaker 11: sleeping well, doing the right things. Yeah, to be at 501 00:26:08,520 --> 00:26:11,960 Speaker 11: this highest level because the young guns they're coming out. 502 00:26:12,200 --> 00:26:16,000 Speaker 11: There's always new talents, so the competition is huge. So 503 00:26:16,080 --> 00:26:18,480 Speaker 11: that's why we have to look out for But as 504 00:26:18,520 --> 00:26:21,440 Speaker 11: the statistics say, we old men doing a good job. 505 00:26:21,800 --> 00:26:23,480 Speaker 5: We only have a couple of minutes left. And I 506 00:26:23,560 --> 00:26:25,280 Speaker 5: know you want to get to your foundation. 507 00:26:24,960 --> 00:26:27,919 Speaker 2: Because as you look at maybe not after soccer, but 508 00:26:28,960 --> 00:26:32,239 Speaker 2: in concurrent with and just life outside of football, what 509 00:26:32,359 --> 00:26:33,840 Speaker 2: is your foundation and what does it do? 510 00:26:34,080 --> 00:26:35,840 Speaker 5: And I know you guys have a big event coming up. 511 00:26:36,080 --> 00:26:40,680 Speaker 11: Yes, yeah, as you mentioned my foundation, I think this 512 00:26:40,760 --> 00:26:45,320 Speaker 11: is my biggest drive, my biggest drive, and there's when 513 00:26:45,320 --> 00:26:49,320 Speaker 11: I want to leave my legacy, my personal legacy, and 514 00:26:49,640 --> 00:26:53,600 Speaker 11: my foundation is about young kids since early on, and 515 00:26:53,960 --> 00:26:59,080 Speaker 11: it's about health, education and sports development and this is 516 00:26:59,160 --> 00:27:02,800 Speaker 11: a that's why I also I have my foundation gala 517 00:27:02,960 --> 00:27:05,720 Speaker 11: in Washington, d C. On the twenty first of July. 518 00:27:06,200 --> 00:27:07,720 Speaker 2: We think our tickets got lost in the mail, but 519 00:27:07,800 --> 00:27:09,200 Speaker 2: we hope it's going to be a good party. 520 00:27:09,480 --> 00:27:11,639 Speaker 11: It's going to be it's going to definitely be a 521 00:27:11,640 --> 00:27:14,200 Speaker 11: good fundraising gala and then a good part. 522 00:27:14,160 --> 00:27:16,520 Speaker 5: Okay, perfect, perfect expansion good or bad? 523 00:27:16,880 --> 00:27:17,120 Speaker 7: Bad? 524 00:27:17,359 --> 00:27:20,639 Speaker 5: Okay, thank you so much. For coming in. 525 00:27:20,840 --> 00:27:22,359 Speaker 2: I encourage everyone to go on the website to take 526 00:27:22,359 --> 00:27:24,040 Speaker 2: a look at the website of the foundation and what 527 00:27:24,080 --> 00:27:25,400 Speaker 2: you guys are trying to do, and I know you're 528 00:27:25,400 --> 00:27:29,520 Speaker 2: going to do more of that coming up. Stay with 529 00:27:29,600 --> 00:27:44,360 Speaker 2: us for more on Bloomberg this weekend. Right after this, Welcome. 530 00:27:44,119 --> 00:27:45,000 Speaker 7: Back to Bloomber this weekend. 531 00:27:45,000 --> 00:27:48,159 Speaker 3: I'm David Gerr with Christina Raffini and Dinosaur skeletons have 532 00:27:48,240 --> 00:27:51,639 Speaker 3: recently become a hot new asset class coveted by the 533 00:27:51,720 --> 00:27:54,680 Speaker 3: ultra rich. They're seen as an alternative to traditionally owning 534 00:27:54,720 --> 00:27:56,639 Speaker 3: a piece of art or a sports franchise. 535 00:27:56,960 --> 00:27:59,800 Speaker 2: But with the market that's not yet stable or regulated, 536 00:28:00,000 --> 00:28:02,680 Speaker 2: problems send to a curb. Bloomberg Wealth reporter Devin Pendleton 537 00:28:02,840 --> 00:28:05,560 Speaker 2: for The Big Take, investigated the recent failed auction of 538 00:28:05,600 --> 00:28:06,240 Speaker 2: the dinosaur. 539 00:28:06,400 --> 00:28:10,720 Speaker 12: Sen Schen was a t Rex that the auction house 540 00:28:10,800 --> 00:28:13,640 Speaker 12: Christie's announced in twenty twenty two, and it was going 541 00:28:13,680 --> 00:28:15,439 Speaker 12: to be the first t Rex ever to go on 542 00:28:15,520 --> 00:28:19,240 Speaker 12: sale in Asia. This was poised to be a major sale. 543 00:28:19,560 --> 00:28:23,320 Speaker 12: Sheen's auction never went forward. About ten days before the 544 00:28:23,320 --> 00:28:26,840 Speaker 12: scheduled auction date, Christie's pulled the sale. There are fewer 545 00:28:26,880 --> 00:28:29,679 Speaker 12: than fifty known t Rex specimens in the world. So 546 00:28:30,000 --> 00:28:33,240 Speaker 12: the sudden appearance of Shen out of the blue seeming 547 00:28:33,560 --> 00:28:35,240 Speaker 12: was a little fishy to a lot of people in 548 00:28:35,280 --> 00:28:38,680 Speaker 12: the paleontology community, which is small. People know each other, 549 00:28:38,760 --> 00:28:41,440 Speaker 12: they know the specimens, they know what's coming to market, 550 00:28:41,800 --> 00:28:45,520 Speaker 12: So this raised some eyebrows. Peter Larson is a commercial 551 00:28:45,560 --> 00:28:48,760 Speaker 12: paleontologist and he's sort of a famous figure in the 552 00:28:48,760 --> 00:28:52,080 Speaker 12: paleontology world. He is a t rex expert and he 553 00:28:52,160 --> 00:28:55,640 Speaker 12: actually led the team that excavated Stan. Larson is a 554 00:28:55,680 --> 00:28:58,960 Speaker 12: controversial figure. In the nineteen nineties, he served eighteen months 555 00:28:59,000 --> 00:29:03,320 Speaker 12: in federal prison for customs violations related to a fossil discovery. Now, 556 00:29:03,320 --> 00:29:07,040 Speaker 12: when he saw the announcement, he just instantly felt this 557 00:29:07,160 --> 00:29:10,240 Speaker 12: jolt of recognition. He knew Shen, or at least he 558 00:29:10,320 --> 00:29:16,160 Speaker 12: knew Shen's skull when he discovered Stan. He made cast 559 00:29:16,280 --> 00:29:19,280 Speaker 12: copies of all of Stan's bones, and that's a big 560 00:29:19,320 --> 00:29:22,760 Speaker 12: part of his business is selling these cast copies. Can 561 00:29:22,760 --> 00:29:26,520 Speaker 12: sell them to museums, can sell them to private collectors. Basically, 562 00:29:26,560 --> 00:29:28,680 Speaker 12: he sells these bones so that somebody can have a 563 00:29:28,720 --> 00:29:33,080 Speaker 12: copy of Stan that's a bone by bone reconstruction without 564 00:29:33,160 --> 00:29:36,720 Speaker 12: actually having the real bones of stan. Ultimately, Christy's did 565 00:29:36,760 --> 00:29:40,080 Speaker 12: pull Shen from auction. In a statement, Christy said that 566 00:29:40,120 --> 00:29:42,959 Speaker 12: when questions are raised about a lot that it cannot 567 00:29:42,960 --> 00:29:46,080 Speaker 12: answer in a timely fashion, the auction house withdraws the 568 00:29:46,120 --> 00:29:47,520 Speaker 12: lot for further research. 569 00:29:48,800 --> 00:29:52,000 Speaker 2: Seven penal tends here with us Bloomberg News Wealth Reporter 570 00:29:52,880 --> 00:29:58,120 Speaker 2: is there's so much unpack here, literally and rhetorically. It's 571 00:29:58,160 --> 00:30:00,280 Speaker 2: shocking to me how big of a market this has 572 00:30:00,280 --> 00:30:02,320 Speaker 2: become so quickly. I remember I first read about this 573 00:30:02,360 --> 00:30:04,360 Speaker 2: maybe less than a year ago, and it seems like 574 00:30:04,400 --> 00:30:06,920 Speaker 2: it's only gone up. I was reading in your article 575 00:30:07,680 --> 00:30:10,840 Speaker 2: financier Ken Griffin spent forty four point six million dollars 576 00:30:10,840 --> 00:30:14,520 Speaker 2: on a stegosaurus. Leonardo DiCaprio, Nick Cage other celebrities have 577 00:30:14,560 --> 00:30:17,760 Speaker 2: also gotten into these. But when when one is purchasing 578 00:30:17,840 --> 00:30:21,200 Speaker 2: a giant dinosaur skeleton, how do you know if it's 579 00:30:21,200 --> 00:30:21,920 Speaker 2: authentic or not? 580 00:30:22,000 --> 00:30:23,920 Speaker 5: What are you looking for? Because it sounds like there 581 00:30:23,920 --> 00:30:24,959 Speaker 5: are a lot of copies out there. 582 00:30:25,000 --> 00:30:28,840 Speaker 12: Potentially there could be potential copies out there. You want 583 00:30:28,880 --> 00:30:30,400 Speaker 12: to make sure, of course, what you're buying, what you're 584 00:30:30,400 --> 00:30:33,320 Speaker 12: spending millions of dollars on is authentic, and so there's 585 00:30:33,360 --> 00:30:35,440 Speaker 12: a lot of paperwork that behind that that you're going 586 00:30:35,480 --> 00:30:38,400 Speaker 12: to really need to ask for. And by paperwork, you 587 00:30:38,440 --> 00:30:41,320 Speaker 12: want to know exactly where the dinosaurs found. You want 588 00:30:41,320 --> 00:30:43,680 Speaker 12: to know the coordinates, and really importantly, you want to 589 00:30:43,720 --> 00:30:47,760 Speaker 12: see video and photo documentation from the minute a spade 590 00:30:47,800 --> 00:30:49,959 Speaker 12: was put in the dirt to kind of take this 591 00:30:50,040 --> 00:30:52,600 Speaker 12: thing out, because there's funny business that can happen between 592 00:30:52,640 --> 00:30:55,120 Speaker 12: when the bones come out of the ground and between 593 00:30:55,120 --> 00:30:57,520 Speaker 12: when they're reconstructed as a specimen that you buy, and 594 00:30:57,560 --> 00:30:59,280 Speaker 12: you need to be able to track all of it. 595 00:30:59,320 --> 00:30:59,800 Speaker 5: That's so funny. 596 00:30:59,800 --> 00:31:02,440 Speaker 2: It's like provenance for works in the art world, but 597 00:31:02,520 --> 00:31:05,160 Speaker 2: this time it's you want to see the whole process 598 00:31:05,200 --> 00:31:07,120 Speaker 2: of this thing being excavated. 599 00:31:06,680 --> 00:31:09,000 Speaker 13: Exactly, and provenance is the very word that they use. 600 00:31:09,360 --> 00:31:12,120 Speaker 2: Really all right, well, lay that I knew a thing. 601 00:31:12,880 --> 00:31:14,680 Speaker 2: I do want to ask you where did this market 602 00:31:14,720 --> 00:31:16,680 Speaker 2: come from? How big is it at this point? And 603 00:31:16,880 --> 00:31:17,880 Speaker 2: do you expect it to grow? 604 00:31:18,440 --> 00:31:19,760 Speaker 13: So the market's really old. 605 00:31:19,800 --> 00:31:22,480 Speaker 12: I mean this goes back, of course, since dinosaurs were 606 00:31:22,480 --> 00:31:25,880 Speaker 12: discovered in the Gilded Age. There's great colorful stories about 607 00:31:25,960 --> 00:31:29,720 Speaker 12: Gilded Age barons kind of fighting over finding dinosaurs and 608 00:31:29,800 --> 00:31:32,800 Speaker 12: laying claim to finding great dinosaurs and funding digs. So 609 00:31:32,880 --> 00:31:37,600 Speaker 12: it's not new, but certainly it's taken on new velocity 610 00:31:37,760 --> 00:31:38,680 Speaker 12: in recent years. 611 00:31:38,720 --> 00:31:40,160 Speaker 13: You could definitely say, I mean. 612 00:31:40,040 --> 00:31:44,440 Speaker 12: Even in recent months, even it's who knows where it 613 00:31:44,440 --> 00:31:47,040 Speaker 12: could go. I mean, this really is sort of worth 614 00:31:47,160 --> 00:31:49,080 Speaker 12: kind of at the very beginning of this market is 615 00:31:49,120 --> 00:31:52,440 Speaker 12: sort of a mature, like real sort of investible part 616 00:31:52,440 --> 00:31:55,520 Speaker 12: of the market space where you see auctions houses really 617 00:31:55,600 --> 00:31:57,920 Speaker 12: getting into it and putting money behind it, and muscle 618 00:31:58,000 --> 00:32:02,080 Speaker 12: and entire shows and auctions dedicated to this space. Like 619 00:32:02,120 --> 00:32:04,040 Speaker 12: there's a lot of potential. It has a lot of 620 00:32:04,280 --> 00:32:07,760 Speaker 12: you know, buyers and sellers, traders, dealers pretty excited. 621 00:32:08,400 --> 00:32:12,040 Speaker 2: Is there any kind of regulation? I mean, you talk 622 00:32:12,080 --> 00:32:14,960 Speaker 2: about commercial fossil brokers in your piece. I didn't know 623 00:32:15,040 --> 00:32:17,600 Speaker 2: that was a thing. Who was keeping track of where 624 00:32:17,640 --> 00:32:19,680 Speaker 2: these are coming from? How many of them are And 625 00:32:19,720 --> 00:32:22,240 Speaker 2: as you mentioned the piece, like sometimes you can recognize 626 00:32:22,280 --> 00:32:24,840 Speaker 2: that that's a skull that you've excavated or that you own, 627 00:32:25,000 --> 00:32:28,520 Speaker 2: because you were telling me they have very unique qualities 628 00:32:28,560 --> 00:32:31,479 Speaker 2: and scars or marks and they can be identified. 629 00:32:31,120 --> 00:32:33,960 Speaker 12: Certainly, especially if you're talking about the skulls. I mean 630 00:32:34,360 --> 00:32:36,800 Speaker 12: those are the t rex, right. Yeah, they're very they're 631 00:32:36,920 --> 00:32:40,520 Speaker 12: very big, and they've had incredibly violent lifestyles. So you're 632 00:32:40,520 --> 00:32:43,920 Speaker 12: going to see marks from disease. You'll see holes that 633 00:32:43,960 --> 00:32:47,680 Speaker 12: are signs of healed wounds. You might even see gashes, 634 00:32:47,720 --> 00:32:49,800 Speaker 12: things that look like bite marks. I mean, you're going 635 00:32:49,840 --> 00:32:51,400 Speaker 12: to see a lot more trauma there than you would 636 00:32:51,480 --> 00:32:55,520 Speaker 12: like on a human skeleton. And it's not just knowing 637 00:32:55,680 --> 00:32:58,239 Speaker 12: that you recognize that skull, but there's just not that 638 00:32:58,400 --> 00:33:00,560 Speaker 12: many of them, because there's so f you that are 639 00:33:00,800 --> 00:33:03,600 Speaker 12: really in so that you could put together to be 640 00:33:03,640 --> 00:33:06,040 Speaker 12: back in one piece that they're just singular. 641 00:33:06,120 --> 00:33:07,640 Speaker 13: And they've given them names. 642 00:33:07,320 --> 00:33:10,120 Speaker 12: Too, which really like also just you know, clicks it 643 00:33:10,160 --> 00:33:11,440 Speaker 12: into your head, like, oh that's stand. 644 00:33:11,480 --> 00:33:12,960 Speaker 13: I know that skull. 645 00:33:13,120 --> 00:33:15,840 Speaker 5: We got about thirty seconds left it. But why is 646 00:33:15,880 --> 00:33:16,680 Speaker 5: this a market? 647 00:33:16,800 --> 00:33:20,200 Speaker 2: What is so compelling about these these remnants from the past, 648 00:33:20,280 --> 00:33:23,000 Speaker 2: and especially the t rex. What is it about these 649 00:33:23,000 --> 00:33:24,760 Speaker 2: creatures that people are just so drawn to. 650 00:33:25,040 --> 00:33:27,760 Speaker 12: I mean it's such a just part of consciousness, like 651 00:33:27,800 --> 00:33:30,760 Speaker 12: since we were little, they're just they fascinate everybody. There's 652 00:33:30,800 --> 00:33:33,000 Speaker 12: really nobody who have come across in the years working 653 00:33:33,040 --> 00:33:35,800 Speaker 12: on this story. That's not like dang, that's cool. You know, 654 00:33:36,000 --> 00:33:39,360 Speaker 12: it's just something very primal in us that finds this fascinating. 655 00:33:39,640 --> 00:33:41,680 Speaker 12: And the t rex is amazing. If someone put it 656 00:33:41,680 --> 00:33:43,840 Speaker 12: to me, it can just eat you in one bite. 657 00:33:43,840 --> 00:33:45,280 Speaker 12: There's not a lot of things out there that can 658 00:33:45,320 --> 00:33:47,080 Speaker 12: do that, and they're just cool. 659 00:33:47,920 --> 00:33:51,200 Speaker 2: I have to say, if I had gobs of disposable income, 660 00:33:52,040 --> 00:33:54,280 Speaker 2: and this is my bi dinosaur, if I had. 661 00:33:54,160 --> 00:33:56,400 Speaker 5: A giant foyer and needed something to put in it. 662 00:33:56,440 --> 00:33:59,240 Speaker 3: Like this, I mean to be a giant foyer foyer 663 00:33:59,280 --> 00:34:02,640 Speaker 3: to those who are uh watching here in the States. 664 00:34:02,680 --> 00:34:05,160 Speaker 2: But either way, whatever you're gonna call it, I want 665 00:34:05,160 --> 00:34:06,080 Speaker 2: to stake a sourus in it. 666 00:34:06,080 --> 00:34:08,640 Speaker 3: A sure, I mean, I was found. She's talking about 667 00:34:08,640 --> 00:34:10,040 Speaker 3: the magnetism of these. If you go to like the 668 00:34:10,120 --> 00:34:12,160 Speaker 3: Natural History Museum here, it is crazy to see. 669 00:34:11,960 --> 00:34:14,359 Speaker 2: That they're just incredible, but it's also shocking that they 670 00:34:14,360 --> 00:34:15,799 Speaker 2: can replicate them so well. 671 00:34:15,800 --> 00:34:17,680 Speaker 5: Now you can only tell with a ct scantic. 672 00:34:18,440 --> 00:34:18,680 Speaker 3: Yeah. 673 00:34:20,320 --> 00:34:23,400 Speaker 4: Stay with us for more on Bloomberg this weekend. 674 00:34:23,800 --> 00:34:37,480 Speaker 8: Right after this, are you do the intro. 675 00:34:38,320 --> 00:34:40,640 Speaker 3: Staging your chips, It's time for Pointed, a special Sunday 676 00:34:40,800 --> 00:34:45,719 Speaker 3: edition of Pointed Lisa Matteo off yesterday back here. It 677 00:34:45,800 --> 00:34:47,719 Speaker 3: is nice to see, yes, and we would not you know, 678 00:34:48,120 --> 00:34:50,000 Speaker 3: it would take a lot of training for somebody besides 679 00:34:50,040 --> 00:34:54,720 Speaker 3: Lisa to this and efficiently as Lisa runs the game, pointed, 680 00:34:55,120 --> 00:34:58,000 Speaker 3: of course our weekly news quiz, Lisa walk us through. 681 00:34:58,160 --> 00:34:58,799 Speaker 13: You were just hoping. 682 00:34:59,160 --> 00:35:02,200 Speaker 2: Not Now it's now that he's been winning, you're running 683 00:35:02,200 --> 00:35:02,760 Speaker 2: it fairly. 684 00:35:02,840 --> 00:35:05,760 Speaker 5: When I was winning, there was controversy. 685 00:35:05,440 --> 00:35:08,320 Speaker 3: So characterized in the trade press. Is an overwhelming victory 686 00:35:08,320 --> 00:35:09,359 Speaker 3: for me last week? 687 00:35:09,440 --> 00:35:13,600 Speaker 2: What's really trade press text with your mom, you know 688 00:35:14,239 --> 00:35:19,480 Speaker 2: it's uh, my family watches this very closely, and my 689 00:35:19,560 --> 00:35:22,200 Speaker 2: father did congratulate you on your victory, you. 690 00:35:22,400 --> 00:35:28,400 Speaker 7: Mister, I appreciate that. Loyal all right, loyalty and classes 691 00:35:28,440 --> 00:35:28,719 Speaker 7: I love. 692 00:35:29,480 --> 00:35:31,800 Speaker 4: Okay, So for those of you who are not loyal 693 00:35:31,920 --> 00:35:33,360 Speaker 4: and have not heard about. 694 00:35:33,160 --> 00:35:34,160 Speaker 7: Them, welcome to the show. 695 00:35:34,520 --> 00:35:35,439 Speaker 5: Here's how it goes. 696 00:35:35,520 --> 00:35:36,719 Speaker 4: Here's how the game plays out. 697 00:35:36,760 --> 00:35:37,040 Speaker 7: Okay. 698 00:35:37,040 --> 00:35:39,680 Speaker 4: So they each have thirty chips in front of them, Okay, 699 00:35:39,880 --> 00:35:43,440 Speaker 4: into three different categories. They will place their bets depending 700 00:35:43,440 --> 00:35:46,440 Speaker 4: on how confident you feel about each category. Okay, so 701 00:35:46,440 --> 00:35:48,239 Speaker 4: you're going to place your bets. They have whiteboards here. 702 00:35:48,239 --> 00:35:50,799 Speaker 4: They're going to write their answers and reveal them. Are 703 00:35:50,880 --> 00:35:52,520 Speaker 4: three categories are are you ready for? 704 00:35:52,640 --> 00:35:53,000 Speaker 7: I'm ready? 705 00:35:53,080 --> 00:35:53,400 Speaker 4: Okay. 706 00:35:53,440 --> 00:35:55,759 Speaker 7: First is food food okay. 707 00:35:55,600 --> 00:36:00,840 Speaker 4: Second is smart homes h third is critic credit cards. Okay, 708 00:36:00,880 --> 00:36:04,760 Speaker 4: So think about it. How do you want to place. 709 00:36:04,680 --> 00:36:06,360 Speaker 7: You don't know much about smart homes? 710 00:36:06,440 --> 00:36:08,480 Speaker 4: You don't thought that was my instinct as well. 711 00:36:08,480 --> 00:36:11,120 Speaker 3: I'm going to double up on credit cards, and I'm 712 00:36:11,120 --> 00:36:13,000 Speaker 3: going to go nothing on smart. 713 00:36:12,800 --> 00:36:14,160 Speaker 4: Nothing on smart homes. 714 00:36:14,800 --> 00:36:16,200 Speaker 5: I'm gonna regret this, but I'm going to do the 715 00:36:16,280 --> 00:36:17,600 Speaker 5: Raffini split. We're gonna we're. 716 00:36:17,480 --> 00:36:20,880 Speaker 4: Gonna do that'll collapse, but I. 717 00:36:20,920 --> 00:36:22,920 Speaker 5: Mean it has before. 718 00:36:23,480 --> 00:36:25,319 Speaker 4: All right, you're going for food? Ready? 719 00:36:25,400 --> 00:36:25,560 Speaker 7: Yes? 720 00:36:26,360 --> 00:36:26,680 Speaker 8: The food? 721 00:36:27,000 --> 00:36:33,080 Speaker 4: He does Chipotle rolling It's burritos into what Country, opening 722 00:36:33,120 --> 00:36:35,360 Speaker 4: its first location there on Thursday. 723 00:36:35,640 --> 00:36:36,880 Speaker 5: I did see this because I thought. 724 00:36:38,400 --> 00:36:42,280 Speaker 7: Excited, she's excited. I actually have no ideas. 725 00:36:42,760 --> 00:36:43,200 Speaker 6: You don't have. 726 00:36:43,280 --> 00:36:44,880 Speaker 7: I mentioned I've been in the field always city. 727 00:36:45,000 --> 00:36:47,640 Speaker 2: No, no, I don't hear about anymore. 728 00:36:47,800 --> 00:36:50,400 Speaker 7: Yeah, okay, I'm going to go with Okay, flippit. 729 00:36:50,239 --> 00:36:52,240 Speaker 5: Japan, Japan was Mexico. 730 00:36:52,400 --> 00:36:57,319 Speaker 3: Mexico is correct because you know they're strangers to burritos. 731 00:36:57,440 --> 00:36:58,880 Speaker 7: I feel really need. 732 00:37:00,200 --> 00:37:01,200 Speaker 5: Guys like like. 733 00:37:01,239 --> 00:37:03,080 Speaker 4: Taco Bell tried and it didn't work. 734 00:37:03,160 --> 00:37:04,239 Speaker 5: There was a reason for that. 735 00:37:04,480 --> 00:37:07,200 Speaker 4: Yeah, so they're going to try. They're saying they're fresh 736 00:37:07,280 --> 00:37:10,920 Speaker 4: ingredients are going to make a difference, Like. 737 00:37:10,880 --> 00:37:13,720 Speaker 7: Mexico knows a thing or two about. 738 00:37:13,960 --> 00:37:16,759 Speaker 2: Any gas station makes a better taco than I've ever 739 00:37:16,800 --> 00:37:17,640 Speaker 2: had in the US. 740 00:37:17,920 --> 00:37:19,080 Speaker 5: So all right, I. 741 00:37:19,080 --> 00:37:22,000 Speaker 3: Guess I need to think more logically logically because now 742 00:37:22,040 --> 00:37:30,520 Speaker 3: I have what she knows about smart homes, smart smart homes, 743 00:37:30,760 --> 00:37:35,319 Speaker 3: open ai developing a physical manifestation of chat GPT for 744 00:37:35,360 --> 00:37:35,840 Speaker 3: the home. 745 00:37:36,320 --> 00:37:38,480 Speaker 4: What kind of device is it? 746 00:37:38,520 --> 00:37:39,239 Speaker 5: What is the name? 747 00:37:39,320 --> 00:37:41,719 Speaker 4: What is what kind of device are they developing? This 748 00:37:41,760 --> 00:37:43,680 Speaker 4: is open AI. I might know this one too, a 749 00:37:43,719 --> 00:37:48,520 Speaker 4: physical manifestation of chat GPT for the home. What kind 750 00:37:49,000 --> 00:37:52,000 Speaker 4: of device is it? I love our music? 751 00:37:52,280 --> 00:37:53,000 Speaker 7: Yeah, I don't know. 752 00:37:53,600 --> 00:37:56,480 Speaker 3: I mean it's racing. He's a racing Yeah, but I 753 00:37:56,480 --> 00:37:58,279 Speaker 3: don't know. I was going to ride, like I know. 754 00:37:58,560 --> 00:38:00,280 Speaker 3: Will you helped me raise last time? Which I actually 755 00:38:00,280 --> 00:38:00,600 Speaker 3: helped me. 756 00:38:01,320 --> 00:38:01,839 Speaker 7: I wrote a. 757 00:38:01,800 --> 00:38:03,640 Speaker 3: Pod, you know, like a pod like you talked to it, 758 00:38:03,719 --> 00:38:05,879 Speaker 3: like the home pod like you talked to. 759 00:38:08,360 --> 00:38:13,480 Speaker 4: Well, since he wrote speakers, the smart speaker, you didn't. 760 00:38:13,239 --> 00:38:14,520 Speaker 5: Bet anything on that one, that's true. 761 00:38:15,480 --> 00:38:17,000 Speaker 7: I just want to actually to defend. 762 00:38:17,040 --> 00:38:19,640 Speaker 3: Did you see how I just naturally thought that, even 763 00:38:19,640 --> 00:38:21,080 Speaker 3: though I had no skin in the game, I. 764 00:38:21,000 --> 00:38:21,880 Speaker 5: Was about to defend you. 765 00:38:21,920 --> 00:38:23,480 Speaker 2: Then I realized you had no chips on it, so 766 00:38:23,960 --> 00:38:25,200 Speaker 2: I would have argued you got that right. 767 00:38:25,440 --> 00:38:26,120 Speaker 4: I was rough on you. 768 00:38:26,239 --> 00:38:26,640 Speaker 5: I'm sorry. 769 00:38:27,200 --> 00:38:30,080 Speaker 2: Okay, all right, I'm I'm going to continue keeping all 770 00:38:30,080 --> 00:38:32,560 Speaker 2: my chips over here, but you double them back so you. 771 00:38:32,480 --> 00:38:35,360 Speaker 4: Can so he so we have Christina still lead. Okay, 772 00:38:35,440 --> 00:38:37,000 Speaker 4: credit cards, we're moving on to credit cards. 773 00:38:37,320 --> 00:38:39,359 Speaker 3: I don't mean to point out errors in the control room, 774 00:38:39,400 --> 00:38:41,160 Speaker 3: but I did see this question flash across the screen 775 00:38:41,160 --> 00:38:41,680 Speaker 3: a moment ago. 776 00:38:41,840 --> 00:38:42,120 Speaker 2: You did. 777 00:38:42,200 --> 00:38:43,759 Speaker 7: Okay, I didn't read it. I just want to sure 778 00:38:43,760 --> 00:38:44,520 Speaker 7: everyone I didn't read it. 779 00:38:44,600 --> 00:38:45,760 Speaker 5: I didn't see it at all. 780 00:38:45,800 --> 00:38:46,640 Speaker 7: But I wish I had. 781 00:38:46,760 --> 00:38:48,520 Speaker 3: It was there and then gone, and I thought, God, 782 00:38:48,640 --> 00:38:49,800 Speaker 3: what an edge I could have gotten. 783 00:38:50,320 --> 00:38:52,240 Speaker 2: So cool. Sometimes I put it in the wall behind 784 00:38:52,320 --> 00:38:53,920 Speaker 2: us and we're both too dumb to look, and the 785 00:38:54,320 --> 00:38:54,839 Speaker 2: will be like, you. 786 00:38:54,800 --> 00:38:56,760 Speaker 7: Know, the end, it's there, but on display. 787 00:38:56,880 --> 00:38:57,600 Speaker 5: Say that all the time? 788 00:38:57,960 --> 00:38:58,240 Speaker 11: Okay. 789 00:38:58,239 --> 00:39:03,520 Speaker 4: Credit cards? Americans a record number of what last year. 790 00:39:03,640 --> 00:39:06,600 Speaker 4: That's the term for petitioning a bank to reverse a 791 00:39:06,640 --> 00:39:10,799 Speaker 4: credit card transaction. So you call that when when you 792 00:39:10,800 --> 00:39:13,360 Speaker 4: petition a bank for to reverse a credit card transaction, 793 00:39:13,680 --> 00:39:16,200 Speaker 4: what is it called? And there was a record number 794 00:39:16,239 --> 00:39:19,640 Speaker 4: of them, a record number, record number. People want to 795 00:39:19,719 --> 00:39:22,480 Speaker 4: get their money, get that money back, right? What do 796 00:39:22,520 --> 00:39:23,520 Speaker 4: you got? 797 00:39:23,800 --> 00:39:24,320 Speaker 7: Chargebacks? 798 00:39:24,480 --> 00:39:28,560 Speaker 3: I wrote disputes charge Oh, for god's sake, I feel 799 00:39:28,600 --> 00:39:33,200 Speaker 3: like it's a synonym and fewer characters to boot chargeback. 800 00:39:33,280 --> 00:39:35,120 Speaker 2: I don't know my desire to defend you on them 801 00:39:35,160 --> 00:39:37,879 Speaker 2: where you've bet a bout is he's not totally wrong, 802 00:39:37,880 --> 00:39:39,080 Speaker 2: it is, it is a dispute, but. 803 00:39:39,920 --> 00:39:40,840 Speaker 7: That's not what the answer. 804 00:39:40,880 --> 00:39:49,160 Speaker 3: I'm sorry. I feel like she's done one between last 805 00:39:49,160 --> 00:39:52,480 Speaker 3: week and this one. First of all, I was too comfortable. 806 00:39:52,120 --> 00:39:54,600 Speaker 2: Randomly all topics I know, and I know about chargebacks 807 00:39:54,640 --> 00:39:58,040 Speaker 2: because really hurting a lot of small makers that I 808 00:39:58,080 --> 00:39:59,600 Speaker 2: follow complain all the time about them. 809 00:39:59,640 --> 00:40:01,560 Speaker 5: They like vinted shops. 810 00:40:01,280 --> 00:40:04,280 Speaker 2: Or people who sow things will send someone to something 811 00:40:04,400 --> 00:40:06,440 Speaker 2: and they will pay like three hundred fifty dollars for 812 00:40:06,480 --> 00:40:09,399 Speaker 2: a handmade jacket, and then the person will say it 813 00:40:09,440 --> 00:40:11,200 Speaker 2: was bad and get the charge back, and the person 814 00:40:11,239 --> 00:40:12,839 Speaker 2: who made it, it's very hard for them. 815 00:40:12,760 --> 00:40:15,000 Speaker 5: To get that money down to get them like the actual. 816 00:40:14,680 --> 00:40:17,120 Speaker 2: Person, because the bank side with the customer and these 817 00:40:17,160 --> 00:40:20,680 Speaker 2: small like makers are getting and they're getting losing a 818 00:40:20,680 --> 00:40:21,120 Speaker 2: lot of money. 819 00:40:21,719 --> 00:40:22,360 Speaker 4: It's not good. 820 00:40:22,480 --> 00:40:22,960 Speaker 5: It's not good. 821 00:40:23,360 --> 00:40:24,880 Speaker 4: I think we need a bonus bonus. 822 00:40:24,920 --> 00:40:26,080 Speaker 7: We have limited time. 823 00:40:26,239 --> 00:40:29,600 Speaker 4: We got a limited time public health. Public health cyclospora 824 00:40:29,880 --> 00:40:34,480 Speaker 4: belongs to what border category of pathogen and it shares 825 00:40:34,520 --> 00:40:36,480 Speaker 4: the name with a twenty nineteen film. 826 00:40:36,719 --> 00:40:37,640 Speaker 7: Yeah. 827 00:40:37,480 --> 00:40:39,279 Speaker 4: Oh, he's like, yeah, yeah, yeah, I got this, I 828 00:40:39,280 --> 00:40:39,600 Speaker 4: got this. 829 00:40:40,120 --> 00:40:40,840 Speaker 7: Let's see. 830 00:40:41,200 --> 00:40:43,080 Speaker 5: Okay, bad ones. 831 00:40:42,880 --> 00:40:49,000 Speaker 7: Are how much? You gets. 832 00:40:50,680 --> 00:40:51,040 Speaker 11: Very much? 833 00:40:53,719 --> 00:40:54,200 Speaker 5: Mateo? 834 00:40:56,200 --> 00:40:58,279 Speaker 7: Will they fight this one out? And I relish? 835 00:40:58,160 --> 00:41:00,439 Speaker 5: Where's the they have the world? 836 00:41:00,800 --> 00:41:02,080 Speaker 7: There's no var and pointed. 837 00:41:02,120 --> 00:41:04,279 Speaker 3: You can test your knowledge on all ten questions. Take 838 00:41:04,320 --> 00:41:05,919 Speaker 3: the point of News quiz at Bloomberg dot com slash 839 00:41:06,000 --> 00:41:07,879 Speaker 3: point in of course, it's builab on the Bloomberg Business App. 840 00:41:09,880 --> 00:41:12,800 Speaker 2: Thanks for joining us on today's Bloomberg This Weekend podcast. 841 00:41:12,960 --> 00:41:15,200 Speaker 2: Don't forget to tune in live for the show every 842 00:41:15,239 --> 00:41:17,880 Speaker 2: Saturday and Sunday morning, starting at seven am Eastern. 843 00:41:17,960 --> 00:41:20,959 Speaker 3: We're on Bloomberg Television Radio and the Bloomberg Business App, 844 00:41:21,080 --> 00:41:24,560 Speaker 3: bringing you unique takes and in depth interviews on news, politics, 845 00:41:24,680 --> 00:41:25,880 Speaker 3: lifestyle and culture.