1 00:00:03,080 --> 00:00:10,720 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. Welcome to the Bloomberg 2 00:00:10,800 --> 00:00:16,480 Speaker 1: This Weekend podcast with David Gura, Christina Raffini, and Elisa Matteo. 3 00:00:18,280 --> 00:00:21,160 Speaker 2: Thanks for joining us for today's selection of conversations from 4 00:00:21,200 --> 00:00:21,560 Speaker 2: the show. 5 00:00:21,760 --> 00:00:24,040 Speaker 3: You can listen to our favorite discussions right here on 6 00:00:24,079 --> 00:00:26,360 Speaker 3: the podcast, but also make sure to join us live 7 00:00:26,520 --> 00:00:29,680 Speaker 3: every Saturday and Sunday morning, starting at seven am Eastern. 8 00:00:29,760 --> 00:00:33,360 Speaker 4: We're on Bloomberg Television, Radio and the Bloomberg Business App, 9 00:00:33,600 --> 00:00:38,120 Speaker 4: bringing you unique takes and in depth interviews on news, politics, 10 00:00:38,240 --> 00:00:39,680 Speaker 4: lifestyle and culture. 11 00:00:40,880 --> 00:00:43,680 Speaker 2: President Trump returned to the White House Correspondence Centner. The 12 00:00:43,720 --> 00:00:46,720 Speaker 2: initial dinner, of course, ended abruptly after a gunman breach 13 00:00:46,800 --> 00:00:47,479 Speaker 2: security well. 14 00:00:47,479 --> 00:00:49,800 Speaker 3: The President condemned political violence at the dinner last night, 15 00:00:49,840 --> 00:00:53,040 Speaker 3: while at the same time attacking political opponents and the 16 00:00:53,120 --> 00:00:54,080 Speaker 3: press at large. 17 00:00:54,480 --> 00:00:58,560 Speaker 5: But tonight we come back together to answer that Hanus 18 00:00:58,600 --> 00:01:03,200 Speaker 5: attack with unwavering resolve, and every one of us here 19 00:01:03,240 --> 00:01:07,120 Speaker 5: this evening to show that in America we. 20 00:01:07,280 --> 00:01:10,520 Speaker 6: Do not yield to political violence. 21 00:01:10,920 --> 00:01:14,399 Speaker 5: As I said three months ago, the show must go on. 22 00:01:15,600 --> 00:01:20,600 Speaker 5: But this place is the really largest group of Trump 23 00:01:21,160 --> 00:01:26,120 Speaker 5: derangement syndrome people ever put together at one time, I 24 00:01:26,160 --> 00:01:30,440 Speaker 5: suspect this evening it's really all about the fake news media, 25 00:01:31,319 --> 00:01:34,920 Speaker 5: and you're handling of prizes and writing and producing and 26 00:01:35,000 --> 00:01:38,440 Speaker 5: performing made up stories like the Academy Awards, and this 27 00:01:38,480 --> 00:01:44,280 Speaker 5: is somewhat of a scoop my intention to run for 28 00:01:44,440 --> 00:01:48,640 Speaker 5: a fourth term as President of the United States. I 29 00:01:48,680 --> 00:01:51,560 Speaker 5: will be doing that. I will be having an official 30 00:01:51,600 --> 00:01:57,440 Speaker 5: In fact, I think I have yeah, I want three times. 31 00:01:58,400 --> 00:01:59,520 Speaker 5: Now I'm going to do it again. 32 00:02:03,480 --> 00:02:05,920 Speaker 7: Thank you, Joyce. 33 00:02:05,920 --> 00:02:07,920 Speaker 3: Now as Bloomberg White House correspondent Jeff Mason, he was 34 00:02:07,960 --> 00:02:09,799 Speaker 3: at last night's dinner. He was a president in the 35 00:02:09,840 --> 00:02:11,560 Speaker 3: past with White House Correspondent Association. 36 00:02:11,720 --> 00:02:13,160 Speaker 6: Jeff, great to see you, and I. 37 00:02:13,160 --> 00:02:14,600 Speaker 3: Guess I should start just by asking you about the 38 00:02:14,680 --> 00:02:17,040 Speaker 3: feeling in the room. We were all there at the 39 00:02:17,080 --> 00:02:20,000 Speaker 3: first iteration of this. Dinner took place at the Washington Hilton, 40 00:02:20,040 --> 00:02:23,200 Speaker 3: a giant ballroom. This was a much smaller affair, different affair. 41 00:02:23,720 --> 00:02:25,840 Speaker 3: How much was the program last night duplicative of what 42 00:02:26,000 --> 00:02:27,679 Speaker 3: was supposed to happen at that first dinner just a 43 00:02:27,720 --> 00:02:28,440 Speaker 3: couple of months ago. 44 00:02:29,600 --> 00:02:33,360 Speaker 8: I think it was pretty close. In fact, the fact 45 00:02:33,400 --> 00:02:36,840 Speaker 8: that of course the President spoke, the President Association spoke 46 00:02:37,520 --> 00:02:40,679 Speaker 8: the awards were given to members of the press, and 47 00:02:40,800 --> 00:02:44,760 Speaker 8: also student journalists were recognized for scholarships, and then there 48 00:02:44,880 --> 00:02:47,799 Speaker 8: was the mentalist at the end as well. It was 49 00:02:47,919 --> 00:02:50,119 Speaker 8: pretty much the program that was meant to have gone 50 00:02:50,160 --> 00:02:53,639 Speaker 8: on in April, just three months later, and with the 51 00:02:54,720 --> 00:03:00,560 Speaker 8: fact that that shooting stopped that dinner, that was over shadowing. 52 00:03:00,600 --> 00:03:04,200 Speaker 8: I guess you could say this dinner again. But in general, 53 00:03:04,280 --> 00:03:06,600 Speaker 8: the program was the same, but the venue was smaller, 54 00:03:06,639 --> 00:03:10,440 Speaker 8: and that was very noticeable, certainly for someone who's attended 55 00:03:10,440 --> 00:03:13,079 Speaker 8: a bunch of dinners. The ballroom at the Hilton, of 56 00:03:13,160 --> 00:03:15,840 Speaker 8: course fits more than two thousand people. It's the biggest 57 00:03:15,880 --> 00:03:20,160 Speaker 8: ballroom in Washington. This one was instead of about twenty 58 00:03:20,240 --> 00:03:23,400 Speaker 8: six hundred people, there were fewer than seven hundred in 59 00:03:23,480 --> 00:03:26,160 Speaker 8: the room. That doesn't mean it's small, but it's just 60 00:03:26,280 --> 00:03:29,320 Speaker 8: a much much more I guess you could say intimate 61 00:03:30,000 --> 00:03:32,760 Speaker 8: size of a dinner. And then that changed the mood 62 00:03:32,800 --> 00:03:34,320 Speaker 8: in the room too. And we can talk a little 63 00:03:34,360 --> 00:03:38,120 Speaker 8: bit more about this, but when the President spoke, I 64 00:03:38,240 --> 00:03:42,160 Speaker 8: think that he also was speaking to what for him 65 00:03:42,360 --> 00:03:46,920 Speaker 8: was an unusual crowd in that most of the people 66 00:03:47,000 --> 00:03:49,520 Speaker 8: in that room were journalists like myself and it was 67 00:03:49,640 --> 00:03:54,120 Speaker 8: not a friendly crowd for what ended up being very 68 00:03:54,200 --> 00:03:55,520 Speaker 8: much like a rally speech. 69 00:03:56,000 --> 00:03:58,160 Speaker 2: That's an interesting point, Jeff, because I mean, we said 70 00:03:58,200 --> 00:03:59,840 Speaker 2: it the first cinner, and it is a huge ball, 71 00:04:00,080 --> 00:04:02,000 Speaker 2: as you mentioned, and it's a mixed crowd because the 72 00:04:02,080 --> 00:04:05,080 Speaker 2: journalist invites so many guests. You have entertainment people. You 73 00:04:05,240 --> 00:04:07,840 Speaker 2: often invite people who are familiar. 74 00:04:07,480 --> 00:04:08,520 Speaker 9: Or close to the White House. 75 00:04:09,000 --> 00:04:11,480 Speaker 2: This is a much smaller room, and I imagine, you know, 76 00:04:11,600 --> 00:04:14,480 Speaker 2: if he's used to speaking to a bigger crowd, it's 77 00:04:14,560 --> 00:04:16,440 Speaker 2: harder when the audience is right in front of you. 78 00:04:16,520 --> 00:04:17,960 Speaker 2: And you can see some of those reactions. I mean, 79 00:04:18,000 --> 00:04:20,360 Speaker 2: what were the reactions to jokes like I'm assuming it 80 00:04:20,440 --> 00:04:22,159 Speaker 2: was a joke, you know, running for a fourth term, 81 00:04:22,360 --> 00:04:24,240 Speaker 2: and some of the other remarks, And then there were 82 00:04:24,279 --> 00:04:26,640 Speaker 2: also you wrote a few awkward moments where awards were 83 00:04:26,680 --> 00:04:29,719 Speaker 2: presented to journalists for being hard on this White House. 84 00:04:29,760 --> 00:04:30,880 Speaker 2: How did the President react to that? 85 00:04:32,240 --> 00:04:35,120 Speaker 8: Yeah, I mean to your first question. First, the reaction 86 00:04:35,320 --> 00:04:37,760 Speaker 8: were a lot of straight faces in the crowd, because 87 00:04:37,800 --> 00:04:40,160 Speaker 8: that's our job, you know. I mean, I certainly was 88 00:04:40,240 --> 00:04:42,720 Speaker 8: keeping a straight face, and I think so were most 89 00:04:42,760 --> 00:04:46,160 Speaker 8: of the reporters in the room who are committed to 90 00:04:46,360 --> 00:04:50,280 Speaker 8: neutrally covering this president and recognize that that joke, as 91 00:04:50,360 --> 00:04:53,160 Speaker 8: it were, of him running for what he called a 92 00:04:53,240 --> 00:04:58,960 Speaker 8: fourth term is a joke about the constitution, which of 93 00:04:59,040 --> 00:05:01,640 Speaker 8: course prohibits him from running for another term when he's 94 00:05:01,680 --> 00:05:04,320 Speaker 8: already served too, which he will have at the end 95 00:05:04,360 --> 00:05:06,960 Speaker 8: of his second term now. But he I mean, it's 96 00:05:07,000 --> 00:05:10,480 Speaker 8: also again a quote unquote joke that is rooted in 97 00:05:10,880 --> 00:05:14,719 Speaker 8: the fact that that's something that he was actively thinking 98 00:05:14,760 --> 00:05:18,200 Speaker 8: about at the beginning of his term and something that 99 00:05:18,360 --> 00:05:22,040 Speaker 8: he has openly mused about before. I think right now 100 00:05:22,120 --> 00:05:25,359 Speaker 8: it is a joke. I mean, he has stopped talking 101 00:05:25,440 --> 00:05:29,320 Speaker 8: about it regularly, particularly after a Speaker of the House, 102 00:05:29,400 --> 00:05:32,640 Speaker 8: Mike Johnson, basically told him this is unconstitutional, and he 103 00:05:32,720 --> 00:05:36,360 Speaker 8: seems to have accepted that, and so I think, you know, 104 00:05:36,600 --> 00:05:38,760 Speaker 8: I think he wanted. He likes to poke at the 105 00:05:38,800 --> 00:05:41,160 Speaker 8: press with stuff like that, and that was one of 106 00:05:41,240 --> 00:05:44,400 Speaker 8: the things that he did last night. Remind me of 107 00:05:44,400 --> 00:05:45,440 Speaker 8: your other question, Christina. 108 00:05:45,560 --> 00:05:47,800 Speaker 2: That's all right, Jeff, we can move on. I know 109 00:05:47,880 --> 00:05:49,720 Speaker 2: you had like three hours of sleep, so we're very 110 00:05:49,720 --> 00:05:51,440 Speaker 2: grateful for your getting up a friend of the show, 111 00:05:51,520 --> 00:05:54,080 Speaker 2: Jeff Mason, we really appreciate you, David. 112 00:05:54,200 --> 00:05:57,560 Speaker 3: Just a generous I mean, there's been this over the 113 00:05:57,640 --> 00:05:59,560 Speaker 3: course of having this dinner, there's been a conversation about 114 00:05:59,600 --> 00:06:02,120 Speaker 3: should it be smaller, should it involve fewer celebrities, fewer 115 00:06:02,120 --> 00:06:05,000 Speaker 3: members of the administration. I'm curious, as you experienced the 116 00:06:05,000 --> 00:06:06,760 Speaker 3: dinner last night, did it give you a sense of 117 00:06:06,800 --> 00:06:08,600 Speaker 3: maybe this is the way that it's headed in light 118 00:06:08,640 --> 00:06:10,680 Speaker 3: of the criticism most recently that it faced after that 119 00:06:11,000 --> 00:06:14,440 Speaker 3: first dinner. How is the conversation about the longevity of 120 00:06:14,480 --> 00:06:16,720 Speaker 3: this dinner changed, you know, in the context of the 121 00:06:16,760 --> 00:06:17,560 Speaker 3: one that we had last night. 122 00:06:18,360 --> 00:06:20,320 Speaker 8: You know, I think I think the answer to that 123 00:06:20,520 --> 00:06:24,520 Speaker 8: is still TBD. The The incoming president of the Association, 124 00:06:25,520 --> 00:06:28,000 Speaker 8: Jackie Heinrich, who works for Fox News, announced that the 125 00:06:28,080 --> 00:06:31,240 Speaker 8: dinner would be held again next year, back at the Hilton. 126 00:06:31,720 --> 00:06:35,360 Speaker 8: So that was certainly a foreshadowing by the Association that 127 00:06:35,440 --> 00:06:38,960 Speaker 8: they're not looking to keep the scale down version as 128 00:06:39,000 --> 00:06:42,880 Speaker 8: a model. But yes, you're you're not wrong to say 129 00:06:42,920 --> 00:06:46,320 Speaker 8: that this sparked a lot of conversations, certainly about security 130 00:06:46,400 --> 00:06:50,240 Speaker 8: at the Hilton and security for this event, but it 131 00:06:50,400 --> 00:06:53,760 Speaker 8: also sparked some conversation within the press court itself about 132 00:06:54,400 --> 00:06:58,279 Speaker 8: this dinner more broadly, and it's you know, there are 133 00:06:58,320 --> 00:07:01,080 Speaker 8: people who are who are are big fans of this 134 00:07:01,200 --> 00:07:04,480 Speaker 8: dinner in Washington, and there are people who aren't. And 135 00:07:04,600 --> 00:07:06,800 Speaker 8: I imagine those conversations will continue. 136 00:07:07,120 --> 00:07:09,120 Speaker 6: Jeff Mason, come back here in a little bit. We'renna. 137 00:07:09,160 --> 00:07:10,440 Speaker 3: Let you take a nap over the course the next 138 00:07:10,480 --> 00:07:13,840 Speaker 3: maybe forty minutes, bringing back, take a quick disco nap, 139 00:07:14,040 --> 00:07:15,800 Speaker 3: Jeff Maason, our White House correspondent, joining us on the 140 00:07:15,800 --> 00:07:18,120 Speaker 3: heels the White House Correspondents Association dinner which took place 141 00:07:18,480 --> 00:07:18,880 Speaker 3: last night. 142 00:07:19,080 --> 00:07:19,640 Speaker 2: Thanks Jeff. 143 00:07:20,000 --> 00:07:20,320 Speaker 8: All right. 144 00:07:20,480 --> 00:07:24,040 Speaker 2: Just hours ago, the UK Maritime Trade Operations Center warned 145 00:07:24,120 --> 00:07:26,840 Speaker 2: of an incident involving a tanker and military forces in 146 00:07:26,880 --> 00:07:29,440 Speaker 2: the Gulf of Oman and his warning vessels in the 147 00:07:29,600 --> 00:07:30,800 Speaker 2: area to remain diligent. 148 00:07:30,880 --> 00:07:33,480 Speaker 3: Joining us now is Boomberg Energy and Commodie supporter Stephen Sebpcimski, 149 00:07:33,520 --> 00:07:35,560 Speaker 3: who joins us now from Singaport. Seem great to have 150 00:07:35,640 --> 00:07:37,280 Speaker 3: you with us, and I want to start just by 151 00:07:37,320 --> 00:07:39,480 Speaker 3: asking you how the contours of this war have changed 152 00:07:39,480 --> 00:07:41,960 Speaker 3: here in recent days that the Houthies, which were of 153 00:07:42,000 --> 00:07:45,120 Speaker 3: course lined aligned with the Iranians, getting into this conflict. 154 00:07:45,200 --> 00:07:48,080 Speaker 3: Announcing this this blockade, and maybe I could ask you 155 00:07:48,200 --> 00:07:51,280 Speaker 3: first just what effect that's had so far on the 156 00:07:51,360 --> 00:07:54,480 Speaker 3: oil trade and sort of what traders, what investors are 157 00:07:54,480 --> 00:07:56,360 Speaker 3: thinking about the consequences of that going forward. 158 00:07:57,640 --> 00:07:59,080 Speaker 10: You know, I think the market is still trying to 159 00:07:59,200 --> 00:08:02,720 Speaker 10: digest exactly what is happening or in the Red Sea 160 00:08:02,880 --> 00:08:05,480 Speaker 10: and at the Bab Almandeb Strait, which is where the 161 00:08:05,560 --> 00:08:08,520 Speaker 10: Hoo thieves are trying to tighten control. Now let's put 162 00:08:08,560 --> 00:08:10,920 Speaker 10: this into context, since the Straight of Horn moves close 163 00:08:11,000 --> 00:08:13,680 Speaker 10: effectively since the end of February, when the US and 164 00:08:13,840 --> 00:08:17,600 Speaker 10: Israel began strikes on Iran, Saudi Arabia was beginning to 165 00:08:17,640 --> 00:08:21,280 Speaker 10: ship more of its oil. Four million barrels per day 166 00:08:21,760 --> 00:08:24,280 Speaker 10: were loaded in the Red Sea through an east west pipeline. 167 00:08:24,320 --> 00:08:26,480 Speaker 10: Normally that oil be flowing through Hormves it was shot, 168 00:08:26,520 --> 00:08:29,480 Speaker 10: so they were using this workaround. The oil would then 169 00:08:29,520 --> 00:08:32,160 Speaker 10: go south, down through the Red Sea, through the Bab 170 00:08:32,240 --> 00:08:35,719 Speaker 10: Almandeb Straight and then out to customers in Asia. And 171 00:08:35,800 --> 00:08:39,840 Speaker 10: what's happened is with the Houthi rebels increasing attacks targeting 172 00:08:39,920 --> 00:08:44,080 Speaker 10: specifically Saudi ships, there was a fear that this key 173 00:08:44,280 --> 00:08:47,440 Speaker 10: workaround was now in danger and either would really real 174 00:08:47,559 --> 00:08:50,559 Speaker 10: lead to delays or even a reduction in loading from 175 00:08:50,679 --> 00:08:53,959 Speaker 10: from Saudi ports, because that would require them going through 176 00:08:54,000 --> 00:08:57,920 Speaker 10: the north, through the Suez Canal through and then around 177 00:08:58,280 --> 00:09:00,880 Speaker 10: the southern Cape of Africa to get the customers in Asia. 178 00:09:01,559 --> 00:09:03,920 Speaker 10: We did see a few ships you turn over the 179 00:09:04,000 --> 00:09:08,199 Speaker 10: last week away from the Babel Mandeb straight but in 180 00:09:08,240 --> 00:09:10,640 Speaker 10: the last twenty four hours we did see two China 181 00:09:10,760 --> 00:09:14,600 Speaker 10: linked super oil tankers though carrying Saudi crude did get through, 182 00:09:14,760 --> 00:09:17,560 Speaker 10: So it's a mixed picture. There is some oil flowing through, 183 00:09:18,360 --> 00:09:22,079 Speaker 10: but at the same time there are some ships turning around, 184 00:09:22,160 --> 00:09:25,240 Speaker 10: and you saw oil prices. Brent was about one hundred 185 00:09:25,240 --> 00:09:28,439 Speaker 10: dollars a barrel when I was leaving the office Asia afternoon, 186 00:09:28,720 --> 00:09:32,520 Speaker 10: but it closed the session US afternoon around ninety six 187 00:09:32,679 --> 00:09:35,240 Speaker 10: ninety seven dollars, which indicates a bit of a fall 188 00:09:35,440 --> 00:09:39,240 Speaker 10: after those red sea flows continued. But at the same time, 189 00:09:39,280 --> 00:09:41,559 Speaker 10: you have to remember this is Friday. You never know 190 00:09:41,640 --> 00:09:43,840 Speaker 10: what Trump's going to do. It was probably a lot 191 00:09:43,880 --> 00:09:46,240 Speaker 10: of people just wanting to enjoy the weekend as well 192 00:09:46,320 --> 00:09:48,560 Speaker 10: and not have to worry about having a long position 193 00:09:48,720 --> 00:09:50,480 Speaker 10: going in. But at the same time, the market, the 194 00:09:50,520 --> 00:09:52,240 Speaker 10: way they're looking at this, it is. 195 00:09:52,280 --> 00:09:55,360 Speaker 7: A risk, and this is the biggest escalation. 196 00:09:55,520 --> 00:09:59,160 Speaker 10: Of the war in the region and attacks on infrastructure 197 00:09:59,600 --> 00:10:03,400 Speaker 10: risk to oil that we've seen since March and April. 198 00:10:04,160 --> 00:10:06,040 Speaker 2: I'm wondering, can you to find that risk a little 199 00:10:06,040 --> 00:10:08,200 Speaker 2: bit because I know, according to a report from CBS, 200 00:10:08,240 --> 00:10:11,559 Speaker 2: at least seven major pipeline projects are under construction trying 201 00:10:11,600 --> 00:10:15,199 Speaker 2: to find alternatives to the Strait. And I know the 202 00:10:15,320 --> 00:10:17,199 Speaker 2: main threat right now in the Red Sea is the 203 00:10:17,240 --> 00:10:19,839 Speaker 2: distribution point, but we've also got reports this morning the 204 00:10:19,880 --> 00:10:22,480 Speaker 2: Houthis have claimed to destruct Saudi Arabia with missiles on 205 00:10:22,559 --> 00:10:26,160 Speaker 2: Saturday morning. Is the concern mostly about that Red Sea 206 00:10:26,200 --> 00:10:28,960 Speaker 2: distribution point? Or is the concern also that an escalation 207 00:10:29,040 --> 00:10:31,400 Speaker 2: between Saudi's and the Houthis could start to impact Saudi 208 00:10:31,440 --> 00:10:32,199 Speaker 2: production as well. 209 00:10:33,640 --> 00:10:35,640 Speaker 10: You know, I think that's a really good point, and 210 00:10:35,720 --> 00:10:38,280 Speaker 10: it's both and I go even a step further that 211 00:10:38,840 --> 00:10:41,679 Speaker 10: any sort of flare up between Saudi Arabia and the 212 00:10:41,760 --> 00:10:44,600 Speaker 10: Houthis and the Houthis attacking ships. Trump himself has said 213 00:10:44,640 --> 00:10:47,040 Speaker 10: that they will then if their ship's attacked by the Hohothies, 214 00:10:47,080 --> 00:10:50,960 Speaker 10: they will then attack Iran, and he's threatened power plants 215 00:10:51,080 --> 00:10:54,360 Speaker 10: and bridges Iran in time said that if that happens, 216 00:10:54,400 --> 00:10:57,600 Speaker 10: they will attack energy infrastructural throat the region. The biggest 217 00:10:57,760 --> 00:11:02,280 Speaker 10: risk in this war since since hasn't necessarily been the 218 00:11:02,360 --> 00:11:05,480 Speaker 10: closure of these straits, these waterways. Sure they could be closed, 219 00:11:05,480 --> 00:11:07,040 Speaker 10: but with a good piece deal, they could open up 220 00:11:07,120 --> 00:11:11,120 Speaker 10: within weeks and trade could resume to normal in months. 221 00:11:11,559 --> 00:11:14,400 Speaker 10: The real fear has been if this escalates into a 222 00:11:14,520 --> 00:11:19,680 Speaker 10: wider conflict within the region, if energy infrastructure, pipelines, LICKFI, 223 00:11:19,800 --> 00:11:23,959 Speaker 10: natural gas plants, ships, if they're getting attacked, that's infrastructure 224 00:11:24,000 --> 00:11:26,480 Speaker 10: that can't easily come back online if there is a 225 00:11:26,559 --> 00:11:29,640 Speaker 10: piece deal. So the reason why oil was at one 226 00:11:29,720 --> 00:11:32,600 Speaker 10: hundred and twenty dollars in March wasn't so much because 227 00:11:32,760 --> 00:11:35,760 Speaker 10: of the hormones closure. It was because Iran kept attacking 228 00:11:35,840 --> 00:11:39,360 Speaker 10: infrastructure across the region. We haven't gotten to that worst 229 00:11:39,440 --> 00:11:42,199 Speaker 10: case scenario that we've seen three or four months back, 230 00:11:42,400 --> 00:11:45,160 Speaker 10: but if it does spiral into that sort of situation, yes, 231 00:11:45,240 --> 00:11:47,199 Speaker 10: certainly that is something that the market is going to 232 00:11:47,240 --> 00:11:50,640 Speaker 10: be deeply worried about. And if Saudi Arabia create other 233 00:11:50,720 --> 00:11:54,400 Speaker 10: countries Qatar's LNG export plant, if all those facilities are 234 00:11:54,400 --> 00:11:56,960 Speaker 10: either damaged more or if they have to reduce production, 235 00:11:57,480 --> 00:12:00,200 Speaker 10: then then certainly we'll see another leg up in rent 236 00:12:00,240 --> 00:12:01,440 Speaker 10: and WTI oil prices. 237 00:12:01,600 --> 00:12:03,439 Speaker 3: Steve, when I said that was the Fonti Bureau a 238 00:12:03,720 --> 00:12:05,839 Speaker 3: few weeks ago, and we talked about the state of 239 00:12:05,880 --> 00:12:08,320 Speaker 3: inventories around the world, and countries have begun to kind 240 00:12:08,320 --> 00:12:12,520 Speaker 3: of refill those reserves that they had in the lulls 241 00:12:12,559 --> 00:12:13,280 Speaker 3: that we've seen. 242 00:12:13,679 --> 00:12:14,760 Speaker 6: Sounds like they haven't. 243 00:12:14,800 --> 00:12:16,079 Speaker 3: Can you just get us up to speed sort of 244 00:12:16,120 --> 00:12:18,920 Speaker 3: on the status of reserves globally. I know there's been 245 00:12:18,920 --> 00:12:20,319 Speaker 3: a lot of focus here in the US, where the 246 00:12:20,360 --> 00:12:22,599 Speaker 3: strategic petroleum reserve is the lowest it's been in a 247 00:12:22,760 --> 00:12:26,080 Speaker 3: very long long time. How much effort has there been 248 00:12:26,240 --> 00:12:28,480 Speaker 3: around the world to kind of replenish those reserves that 249 00:12:28,480 --> 00:12:30,440 Speaker 3: have been deployed on an emergency basis since the start 250 00:12:30,480 --> 00:12:31,479 Speaker 3: of this conflict. 251 00:12:32,160 --> 00:12:35,360 Speaker 10: You know, I think I think the better way to 252 00:12:35,400 --> 00:12:39,040 Speaker 10: look at it, perhaps is that a lot of customers 253 00:12:39,120 --> 00:12:42,840 Speaker 10: in Asia of Persian golf oil they're really looking at 254 00:12:42,920 --> 00:12:46,160 Speaker 10: they were looking at replacing their supply instead of replenishing. 255 00:12:46,720 --> 00:12:51,160 Speaker 10: So there hasn't been a really big effort to refill inventories. 256 00:12:51,200 --> 00:12:53,960 Speaker 10: As you said, the SPR in the United States lowest 257 00:12:54,040 --> 00:12:55,800 Speaker 10: level in decades, pushing as well. 258 00:12:55,880 --> 00:13:00,800 Speaker 7: A key point it's getting low used to decrease. 259 00:13:01,760 --> 00:13:05,679 Speaker 10: Chinese oil inventories are something that are opaque. You're not 260 00:13:05,720 --> 00:13:08,240 Speaker 10: exactly sure what's going on there, but there is an 261 00:13:08,280 --> 00:13:10,960 Speaker 10: expectation that China use quite a lot of their oil 262 00:13:11,000 --> 00:13:16,080 Speaker 10: inventories when when their imports dropped pretty significantly in April 263 00:13:16,240 --> 00:13:19,920 Speaker 10: May and then into June, so and then Japan as well. 264 00:13:20,040 --> 00:13:22,480 Speaker 10: All the other G seven nations had been using their 265 00:13:22,559 --> 00:13:25,920 Speaker 10: spr So you're in a situation where oil inventories are low. 266 00:13:25,960 --> 00:13:30,079 Speaker 10: But it's not just oils, also other fuels diesel, gasoline, 267 00:13:30,160 --> 00:13:35,160 Speaker 10: jet fuel. The amount of supply globally is at an 268 00:13:35,280 --> 00:13:38,200 Speaker 10: uncomfortable level and that's why you're seeing those product prices 269 00:13:38,280 --> 00:13:40,920 Speaker 10: rise as well. And it's also not just oil products, 270 00:13:40,960 --> 00:13:44,480 Speaker 10: it's also natural gas. In Europe, natural gas inventories at 271 00:13:44,559 --> 00:13:48,079 Speaker 10: the lowest seasonal level in about five years. They're not 272 00:13:48,240 --> 00:13:51,720 Speaker 10: on pace to hit an eighty percent target refill by November, 273 00:13:51,760 --> 00:13:53,600 Speaker 10: which is what they want to be at when when 274 00:13:53,640 --> 00:13:56,240 Speaker 10: winter starts. Because in winter and Europe they use a 275 00:13:56,280 --> 00:14:00,440 Speaker 10: lot of natural gas for heating. So inventories are a problem. 276 00:14:00,520 --> 00:14:03,520 Speaker 10: And I think the issue is we pulled that lever 277 00:14:03,960 --> 00:14:06,480 Speaker 10: in March and April to help ease some of the 278 00:14:06,559 --> 00:14:09,800 Speaker 10: pain in the oil market, and because of this current 279 00:14:09,840 --> 00:14:12,880 Speaker 10: situation with depleted inventories, you can't really pull that lever 280 00:14:13,160 --> 00:14:16,000 Speaker 10: again if this horror moves, closure continues, and if the 281 00:14:16,040 --> 00:14:20,080 Speaker 10: bab al Mandeb straight as well is affected. So it 282 00:14:20,400 --> 00:14:22,600 Speaker 10: is a worrying part of the market. 283 00:14:23,080 --> 00:14:24,880 Speaker 2: Are you starting to see that stress a little bit 284 00:14:24,960 --> 00:14:26,880 Speaker 2: in the prices of oil? I mean, it seems to me, 285 00:14:26,960 --> 00:14:28,720 Speaker 2: as we've been covering this conflict, there's been kind of 286 00:14:28,720 --> 00:14:32,240 Speaker 2: this indefatigable optimism, of somewhat frustrating optimism for those of 287 00:14:32,320 --> 00:14:34,720 Speaker 2: us who covered diplomacy that this is going to get resolved. 288 00:14:34,760 --> 00:14:36,480 Speaker 2: But I'm wondering if that's because they did have those 289 00:14:36,520 --> 00:14:38,680 Speaker 2: strategic reserves as kind of a buffer, and ASO start 290 00:14:38,720 --> 00:14:40,840 Speaker 2: to deplete, do you think that optimism will start to 291 00:14:40,880 --> 00:14:41,480 Speaker 2: wane as well. 292 00:14:43,040 --> 00:14:45,880 Speaker 10: I think there are a few reasons why oil has 293 00:14:45,960 --> 00:14:48,600 Speaker 10: I mean, granted, we're at one hundred dollars print in 294 00:14:49,720 --> 00:14:52,920 Speaker 10: very just a few short weeks, so I would say 295 00:14:52,960 --> 00:14:55,000 Speaker 10: that we're at a pretty relatively high level. We're not 296 00:14:55,120 --> 00:14:57,080 Speaker 10: the highs of one hundred and twenty that we were before, 297 00:14:57,120 --> 00:14:59,000 Speaker 10: and we're certainly not near two hundred dollars, which is 298 00:14:59,040 --> 00:15:01,360 Speaker 10: what some analysts we're warning about. Part of that is 299 00:15:01,400 --> 00:15:04,120 Speaker 10: because of the workarounds, you know, the Saudi Arabia's Red 300 00:15:04,200 --> 00:15:08,400 Speaker 10: C the East West Pipeline. They had their ad knock 301 00:15:08,440 --> 00:15:11,320 Speaker 10: in the UE being able to do their uh their 302 00:15:11,360 --> 00:15:13,880 Speaker 10: shuttle service to get some oil out, which is to 303 00:15:14,000 --> 00:15:17,120 Speaker 10: a degree continuing perhaps although those ships are going dark 304 00:15:18,360 --> 00:15:21,880 Speaker 10: as well. Chinese demand has not really returned, and China 305 00:15:21,960 --> 00:15:24,160 Speaker 10: is one of the big factors that the biggest buyer 306 00:15:24,240 --> 00:15:28,560 Speaker 10: of oil globally. So as long as China, Chinese demand 307 00:15:28,560 --> 00:15:31,040 Speaker 10: doesn't come roaring back, that does add a lot of 308 00:15:31,320 --> 00:15:34,800 Speaker 10: length and and it does provide some ease to the market. 309 00:15:35,480 --> 00:15:37,280 Speaker 7: But I would say it is showing up in some prices. 310 00:15:37,320 --> 00:15:39,320 Speaker 10: I mean you look at the diesel run rate or 311 00:15:39,920 --> 00:15:43,600 Speaker 10: basically the the the profits that you can make from 312 00:15:44,240 --> 00:15:50,440 Speaker 10: refining crude into diesel, gasoline and other other products has jumped. 313 00:15:50,800 --> 00:15:53,000 Speaker 7: There is a need for for those fuels, and there 314 00:15:53,080 --> 00:15:53,240 Speaker 7: is a. 315 00:15:53,280 --> 00:15:58,000 Speaker 10: Fear that those supplies are depleting natural gas supply is 316 00:15:58,440 --> 00:16:01,360 Speaker 10: natural gas in Europe. Those price this are a settled 317 00:16:01,400 --> 00:16:05,040 Speaker 10: basis at the highest level since twenty twenty three, LNG 318 00:16:05,200 --> 00:16:08,080 Speaker 10: prices in Asia at the highest level since March, and 319 00:16:08,280 --> 00:16:10,640 Speaker 10: almost the highest level since January twenty twenty three. 320 00:16:10,720 --> 00:16:12,640 Speaker 7: So you are starting to see that some. 321 00:16:12,720 --> 00:16:15,080 Speaker 10: Of that pain maybe not showing up in crude itself, 322 00:16:15,560 --> 00:16:18,160 Speaker 10: which is about twenty dollars off from the highs of March, 323 00:16:18,400 --> 00:16:19,840 Speaker 10: but you're seeing it in other products. 324 00:16:20,400 --> 00:16:21,800 Speaker 3: See before we let you go, let me ask you 325 00:16:21,840 --> 00:16:24,440 Speaker 3: about another shooting war, the one taking place in Ukraine 326 00:16:24,480 --> 00:16:26,200 Speaker 3: and the effect that that's had on energy prices. We've 327 00:16:26,200 --> 00:16:28,360 Speaker 3: talked a lot about the crackspread in recent weeks on 328 00:16:28,680 --> 00:16:32,360 Speaker 3: the show, talked about refined products, and we've seen Ukraine 329 00:16:32,400 --> 00:16:35,760 Speaker 3: launching those attacks on energy facilities in Russia, and we've 330 00:16:35,760 --> 00:16:39,080 Speaker 3: seen Russia reply and kind targeting energy facilities in Ukraine. 331 00:16:39,720 --> 00:16:42,560 Speaker 3: What have been what's our sense of the broader implications 332 00:16:42,600 --> 00:16:44,320 Speaker 3: of that on the global energy market, the way that 333 00:16:44,400 --> 00:16:45,120 Speaker 3: that's escalated. 334 00:16:46,080 --> 00:16:48,080 Speaker 10: I mean, that's again, that's one more lever that the 335 00:16:48,160 --> 00:16:51,040 Speaker 10: market was depending on that is now gone. So let's 336 00:16:51,040 --> 00:16:54,080 Speaker 10: look at it from a crude perspective. The Black Sea 337 00:16:54,160 --> 00:16:58,760 Speaker 10: is a key export area for Kazakhstan oil. 338 00:16:59,040 --> 00:17:00,400 Speaker 7: It goes to the CPC. 339 00:17:00,560 --> 00:17:04,000 Speaker 10: Through the CPC pipeline to a Russian port, and right 340 00:17:04,080 --> 00:17:07,359 Speaker 10: now Russia Moscow's basically said that it is unsafe for 341 00:17:07,520 --> 00:17:11,280 Speaker 10: them to be docking there. Ukraine has targeted in recent 342 00:17:11,359 --> 00:17:16,560 Speaker 10: weeks over ninety ships that are connected with Moscow. So 343 00:17:17,480 --> 00:17:22,159 Speaker 10: you're removing those Kazakhstan supplies, which I believe is about 344 00:17:22,320 --> 00:17:25,880 Speaker 10: one to one point five percent of global seaborne oil supplies. 345 00:17:25,920 --> 00:17:26,560 Speaker 7: It's not nothing. 346 00:17:26,720 --> 00:17:30,000 Speaker 10: So again with Babelmandem straight with horror moves, that's one 347 00:17:30,119 --> 00:17:32,199 Speaker 10: one amount of oil that's that's reduced. Then you look 348 00:17:32,280 --> 00:17:36,320 Speaker 10: at the refining capacity in Russia which has been greatly 349 00:17:36,480 --> 00:17:41,000 Speaker 10: affected and disrupted by constant attacks by Iran on the refineries, 350 00:17:41,400 --> 00:17:45,600 Speaker 10: and Russia is a big, pretty big supplier and exporter 351 00:17:45,760 --> 00:17:49,000 Speaker 10: of that fuel and they've had to restrain and essentially 352 00:17:49,080 --> 00:17:53,160 Speaker 10: stop exports of diesel. Again, that tightens the global diesel market. 353 00:17:53,240 --> 00:17:55,800 Speaker 10: So you're getting the crude hit from Kazakhstan and also 354 00:17:55,840 --> 00:17:59,840 Speaker 10: the diesel hit again, tightening things for consumers globally. 355 00:18:00,000 --> 00:18:02,439 Speaker 2: All right, Steve Sipchinski, thank you for breaking that all 356 00:18:02,480 --> 00:18:03,000 Speaker 2: down for us. 357 00:18:05,840 --> 00:18:08,320 Speaker 3: Stay with us for more on Bloomberg this weekend. 358 00:18:08,680 --> 00:18:20,439 Speaker 6: Right after this, and. 359 00:18:20,480 --> 00:18:23,760 Speaker 2: Alarming statistics from the CDC On Friday, the number of 360 00:18:23,840 --> 00:18:26,360 Speaker 2: measles cases this year in the United States hit two 361 00:18:26,440 --> 00:18:29,840 Speaker 2: three hundred and eighteen. That's higher than all of last 362 00:18:29,920 --> 00:18:32,639 Speaker 2: year and is now the most infection since nineteen ninety one. 363 00:18:32,880 --> 00:18:34,720 Speaker 6: For more, joining by doctor Amisiadlogy. 364 00:18:34,720 --> 00:18:37,160 Speaker 3: He's an infectious disease expert and senior scholar at Johns 365 00:18:37,160 --> 00:18:40,119 Speaker 3: Hopkins University Center for Health Security. Doctor Dalsh, great to 366 00:18:40,160 --> 00:18:41,520 Speaker 3: have you with us once again, and let me just 367 00:18:41,520 --> 00:18:44,280 Speaker 3: start by asking you about how we got to this place. 368 00:18:44,359 --> 00:18:46,080 Speaker 3: And I guess a natural follow on to that is 369 00:18:46,119 --> 00:18:47,560 Speaker 3: what would the US need to do to kind of 370 00:18:47,640 --> 00:18:50,479 Speaker 3: get beyond this or get back to the way things were? 371 00:18:50,720 --> 00:18:52,120 Speaker 6: How far is the cat out of the bag? 372 00:18:53,560 --> 00:18:56,160 Speaker 11: When you think about outbreak, sometimes it's hard to understand 373 00:18:56,200 --> 00:18:58,640 Speaker 11: how things got started. How you got to the status 374 00:18:58,720 --> 00:19:02,400 Speaker 11: quo with measles. It's really a no brainer. We got 375 00:19:02,440 --> 00:19:06,640 Speaker 11: there because vaccination rates fell below the herd immunity threshold. 376 00:19:06,640 --> 00:19:09,320 Speaker 11: And we're talking about what is the most contagious infectious 377 00:19:09,320 --> 00:19:13,280 Speaker 11: disease that we humans face, one that requires a high 378 00:19:13,359 --> 00:19:16,400 Speaker 11: level of immunity in the population, and one in which 379 00:19:16,680 --> 00:19:19,160 Speaker 11: it's circulating in many parts of the world. So all 380 00:19:19,200 --> 00:19:21,600 Speaker 11: it took was for us to lower our armor, to 381 00:19:21,720 --> 00:19:25,080 Speaker 11: lower our force field, and then measles came back. It 382 00:19:25,240 --> 00:19:28,560 Speaker 11: never went away. And the solution is equally simple. It's 383 00:19:28,720 --> 00:19:31,000 Speaker 11: just to get more vaccine into the arms of people 384 00:19:31,000 --> 00:19:33,920 Speaker 11: who are unvaccinated, and then this problem will disappear. 385 00:19:35,040 --> 00:19:36,919 Speaker 2: David and I have a selfish question when we were 386 00:19:36,960 --> 00:19:40,560 Speaker 2: putting this in the lineup yesterday. We've had mmrs as kids. 387 00:19:41,320 --> 00:19:44,960 Speaker 2: Are we protected people who had the usual vaccine course 388 00:19:44,960 --> 00:19:47,239 Speaker 2: as children? Does that take you through adulthood or at 389 00:19:47,280 --> 00:19:48,840 Speaker 2: some point if you're in one of these places with 390 00:19:48,960 --> 00:19:51,040 Speaker 2: high infection rates, do you need some sort of booster. 391 00:19:52,359 --> 00:19:55,480 Speaker 11: The vast, vast majority of people the standard two dose 392 00:19:55,560 --> 00:19:58,960 Speaker 11: childhood vaccination schedule will protect them for life. That doesn't 393 00:19:59,000 --> 00:20:00,800 Speaker 11: mean that the vaccine is a high undred percent, but 394 00:20:00,920 --> 00:20:05,280 Speaker 11: it's pushing above ninety five percent. So there's no generalized 395 00:20:05,480 --> 00:20:09,120 Speaker 11: recommendation for boosters that are needed for the population. It's 396 00:20:09,200 --> 00:20:12,080 Speaker 11: really about people who've had zero doses of measles. That's 397 00:20:12,119 --> 00:20:12,879 Speaker 11: what's driving this. 398 00:20:13,800 --> 00:20:15,680 Speaker 3: You know, your line of work, a lot of what 399 00:20:15,760 --> 00:20:17,640 Speaker 3: you deal with is kind of communication about the need 400 00:20:17,760 --> 00:20:20,640 Speaker 3: for vaccination going forward. And I'm curious at this moment 401 00:20:20,720 --> 00:20:23,840 Speaker 3: when it seems like there are government officials who are 402 00:20:24,200 --> 00:20:27,280 Speaker 3: not promoting them or not advocating for them. Maybe it's 403 00:20:27,320 --> 00:20:30,720 Speaker 3: incumbent more on public health practitioners like yourself to push 404 00:20:30,760 --> 00:20:33,520 Speaker 3: for that. What is the messaging campaign like? In other words, 405 00:20:33,520 --> 00:20:35,840 Speaker 3: how do you assess the way in which public health 406 00:20:35,880 --> 00:20:37,879 Speaker 3: professionals are making the case for vaccines at a time 407 00:20:37,880 --> 00:20:39,280 Speaker 3: when they seem more necessary than ever. 408 00:20:39,400 --> 00:20:41,280 Speaker 2: And what kind of campaigns have been effective? Have you 409 00:20:41,359 --> 00:20:42,680 Speaker 2: seen any of that have worked? 410 00:20:43,920 --> 00:20:46,600 Speaker 11: So I think it depends upon why someone is not vaccinated. 411 00:20:46,840 --> 00:20:48,920 Speaker 11: There may be people who haven't gotten around and getting 412 00:20:48,960 --> 00:20:51,719 Speaker 11: their children vaccinated. There may be people who have questions 413 00:20:51,720 --> 00:20:53,760 Speaker 11: about vaccines. So you kind of have to take a 414 00:20:53,800 --> 00:20:56,720 Speaker 11: different tach depending upon where someone is. And often it's 415 00:20:56,800 --> 00:20:58,360 Speaker 11: very different to do it kind of as a one 416 00:20:58,440 --> 00:21:01,320 Speaker 11: size fits all message on television by a talking head 417 00:21:01,680 --> 00:21:04,600 Speaker 11: versus a provider sitting in front of a patient or 418 00:21:04,640 --> 00:21:06,879 Speaker 11: a patient's family and asking what questions do you have 419 00:21:06,960 --> 00:21:09,639 Speaker 11: about measles? And I think that's the better way to 420 00:21:09,680 --> 00:21:12,480 Speaker 11: do it. We know that people will move towards vaccination 421 00:21:12,760 --> 00:21:15,520 Speaker 11: if they can get their answers, get answers to the 422 00:21:15,640 --> 00:21:18,640 Speaker 11: questions that they have in a non judgmental way. That's 423 00:21:18,880 --> 00:21:20,840 Speaker 11: a very different type of rhetoric when you're dealing with 424 00:21:20,960 --> 00:21:23,960 Speaker 11: the likes of RFK Junior, who is spreading disinformation, where 425 00:21:23,960 --> 00:21:27,320 Speaker 11: you just have to basically call him out for spreading lives. 426 00:21:27,600 --> 00:21:31,720 Speaker 11: So it's very kind of nuanced and very personalized, and 427 00:21:31,840 --> 00:21:36,000 Speaker 11: that's what works. And we know that parents trust family doctors, 428 00:21:36,160 --> 00:21:39,040 Speaker 11: they trust their primary care providers. That's where that that's 429 00:21:39,080 --> 00:21:43,000 Speaker 11: where the actual movement occurs, not so much when someone's on, 430 00:21:43,400 --> 00:21:45,880 Speaker 11: you know, blasting from a megaphone about the vaccine. 431 00:21:46,480 --> 00:21:48,280 Speaker 2: I think we talked about this last time you were 432 00:21:48,320 --> 00:21:50,800 Speaker 2: on here, but it seems pretty much a FATA company. 433 00:21:50,880 --> 00:21:52,840 Speaker 2: Now that the US is going to lose its measles 434 00:21:52,880 --> 00:21:56,960 Speaker 2: elimination status, there was this hearing the US requested that 435 00:21:57,080 --> 00:21:59,000 Speaker 2: it be pushed back into the fall, so now that 436 00:21:59,040 --> 00:22:01,159 Speaker 2: decision won't come down fall. But at this point, can 437 00:22:01,200 --> 00:22:04,480 Speaker 2: you see anyway that doesn't happen given the case rates 438 00:22:04,480 --> 00:22:04,920 Speaker 2: in the US. 439 00:22:06,200 --> 00:22:08,400 Speaker 11: No, I think that the United States has effectively lost 440 00:22:08,440 --> 00:22:11,720 Speaker 11: its elimination status, and even if by some technicality it 441 00:22:11,840 --> 00:22:15,280 Speaker 11: maintains its elimination status, the deeper question is does the 442 00:22:15,359 --> 00:22:18,200 Speaker 11: United States have resiliency against measles the answer is no, 443 00:22:18,640 --> 00:22:22,040 Speaker 11: irrespective of what the eliminations status decision is, and there 444 00:22:22,119 --> 00:22:25,160 Speaker 11: will be politics around the elimination decision. So I think 445 00:22:25,200 --> 00:22:28,000 Speaker 11: it's just for all intents and purposes, the US does 446 00:22:28,040 --> 00:22:29,960 Speaker 11: not have the ability to control measles any longer. 447 00:22:30,760 --> 00:22:33,000 Speaker 3: On the issue of control, I'm curious how that details 448 00:22:33,040 --> 00:22:35,879 Speaker 3: with kind of economic considerations. So when you look at 449 00:22:35,880 --> 00:22:37,720 Speaker 3: where these outbreaks are, I saw there's one in Titon 450 00:22:37,840 --> 00:22:40,880 Speaker 3: County in Wyoming, for instance. When you start to see 451 00:22:40,880 --> 00:22:42,600 Speaker 3: an outbreak like this, so much work has to be 452 00:22:42,640 --> 00:22:44,800 Speaker 3: done to track down who's been exposed to it, get 453 00:22:44,840 --> 00:22:46,800 Speaker 3: the word out, obviously. 454 00:22:46,520 --> 00:22:48,320 Speaker 6: Mount vaccination campaign as well. 455 00:22:49,080 --> 00:22:51,080 Speaker 3: Could you talk a bit about the economic consequences of 456 00:22:51,160 --> 00:22:53,359 Speaker 3: having a resurgence in a disease like measles in the 457 00:22:53,359 --> 00:22:54,680 Speaker 3: way in which we're seeing here in the US. 458 00:22:55,920 --> 00:22:58,960 Speaker 11: So, anytime there's an infectious disease, it will lead to disruption. 459 00:22:59,200 --> 00:23:01,320 Speaker 11: People can't go about out their activities of daily life, 460 00:23:01,480 --> 00:23:03,680 Speaker 11: which means if it's a child with measles, that child 461 00:23:03,760 --> 00:23:06,320 Speaker 11: can't go to school, that child's parents might have to 462 00:23:06,359 --> 00:23:09,600 Speaker 11: stay home, that child's parents might have to hire someone 463 00:23:09,880 --> 00:23:12,560 Speaker 11: to babysit, And then you have a health department that 464 00:23:12,640 --> 00:23:14,880 Speaker 11: then has to go and investigate who was the person 465 00:23:14,960 --> 00:23:16,879 Speaker 11: in touch with Do they need to contact people, do 466 00:23:16,960 --> 00:23:20,080 Speaker 11: they need to do any kind of countermeasures to stop 467 00:23:20,119 --> 00:23:22,320 Speaker 11: the measles from spreading in a given community. All of 468 00:23:22,400 --> 00:23:24,879 Speaker 11: that costs money, and it's money that doesn't need to 469 00:23:24,960 --> 00:23:28,439 Speaker 11: be spent because these measles cases are happening voluntarily by 470 00:23:28,480 --> 00:23:31,399 Speaker 11: people's choices. This is not some force of nature. This 471 00:23:31,600 --> 00:23:35,400 Speaker 11: is people's choice to not vaccinate their children. And then 472 00:23:35,440 --> 00:23:39,320 Speaker 11: it has economic consequences that don't need to be incurred. 473 00:23:39,359 --> 00:23:41,280 Speaker 11: And I think that's another important point to make with 474 00:23:41,359 --> 00:23:45,520 Speaker 11: infectious diseases, is that they keep humans from flourishing because 475 00:23:45,680 --> 00:23:48,800 Speaker 11: they're stuck in bed sick and they're not out there producing, 476 00:23:48,880 --> 00:23:52,000 Speaker 11: they're out there innovating, And you're taking money that could 477 00:23:52,000 --> 00:23:55,880 Speaker 11: be used for some other other concern. Now it's being 478 00:23:56,119 --> 00:23:58,320 Speaker 11: put back to something. It's put into something that we 479 00:23:58,359 --> 00:24:00,480 Speaker 11: shouldn't have to be putting money into when we've had 480 00:24:00,480 --> 00:24:02,360 Speaker 11: a solution to this since the nineteen sixties. 481 00:24:02,600 --> 00:24:03,119 Speaker 8: Back before we. 482 00:24:03,160 --> 00:24:04,359 Speaker 2: Let you go, we want to ask you about the 483 00:24:04,400 --> 00:24:05,920 Speaker 2: other thing a lot of Americans are worried about, and 484 00:24:06,000 --> 00:24:10,479 Speaker 2: that's a cyclospora going around with this you know, possibly 485 00:24:10,520 --> 00:24:13,439 Speaker 2: that's tainted let us. It seems like did the administration, 486 00:24:14,040 --> 00:24:17,440 Speaker 2: did the government react faster fast enough? And is this 487 00:24:17,560 --> 00:24:20,960 Speaker 2: a larger concern about food safety and oversight in the US? 488 00:24:22,160 --> 00:24:24,040 Speaker 11: So I do think it was more of a reactive 489 00:24:24,760 --> 00:24:27,640 Speaker 11: reaction from the government. I think state governments did very well, 490 00:24:27,760 --> 00:24:30,320 Speaker 11: namely Michigan, which got hit very, very hard. But you 491 00:24:30,440 --> 00:24:33,960 Speaker 11: have to remember that the CDC basically got decimated in 492 00:24:34,080 --> 00:24:36,880 Speaker 11: this administration in terms of cuts to its budget, Whole 493 00:24:36,960 --> 00:24:39,800 Speaker 11: divisions that were eliminated, including the division that would have 494 00:24:39,840 --> 00:24:43,639 Speaker 11: been responsible for cyclospora. So there's less people doing this. 495 00:24:44,040 --> 00:24:46,600 Speaker 11: So when you're thinking about a food born outbreak, it's 496 00:24:46,680 --> 00:24:50,040 Speaker 11: time and speed in the speed to under identify what 497 00:24:50,160 --> 00:24:52,640 Speaker 11: the vehicle is that's spreading something. If you've got less 498 00:24:52,680 --> 00:24:55,800 Speaker 11: people around to crunch the data, to do the interviews 499 00:24:56,040 --> 00:24:58,600 Speaker 11: with people who are who have our case patients, it's 500 00:24:58,640 --> 00:25:01,840 Speaker 11: going to take longer. The state departments have done well, 501 00:25:01,920 --> 00:25:05,600 Speaker 11: but they are also underfunded, chronically underfunded, understaffed, So it 502 00:25:06,119 --> 00:25:09,720 Speaker 11: is something that decreases the overall resiliency to food born illness. 503 00:25:09,760 --> 00:25:11,920 Speaker 11: Is when you don't have a robust system in place, 504 00:25:12,000 --> 00:25:14,119 Speaker 11: or when that system is being actively dismantled. 505 00:25:14,640 --> 00:25:17,399 Speaker 2: All right, Doctor Adalga from Johns Hopkins University Center for 506 00:25:17,480 --> 00:25:19,399 Speaker 2: Health Security, Thank you so much for joining us. 507 00:25:21,760 --> 00:25:23,919 Speaker 12: Stay with us for more on Bloomberg this weekend. 508 00:25:24,200 --> 00:25:24,720 Speaker 6: Right after this. 509 00:25:36,800 --> 00:25:39,560 Speaker 3: Christopher Nolan's film treatment of the Odyssey has had an 510 00:25:39,680 --> 00:25:40,800 Speaker 3: epic debut. 511 00:25:40,840 --> 00:25:42,520 Speaker 13: Feel free to proces Christine if you'd like to. 512 00:25:42,640 --> 00:25:44,879 Speaker 3: It's on track to rake in nearly five million dollars 513 00:25:44,960 --> 00:25:46,800 Speaker 3: in its first two weekends in theaters. 514 00:25:47,000 --> 00:25:49,760 Speaker 2: The three hour long blockbuster is based on the twenty 515 00:25:49,840 --> 00:25:52,720 Speaker 2: seven year one hundred year old Greek poem that inspired 516 00:25:52,760 --> 00:25:56,280 Speaker 2: Nolan's screenplay. Joining us now is Emily Wilson, professor of 517 00:25:56,320 --> 00:25:58,960 Speaker 2: classical Studies at the University of Pennsylvania and the first 518 00:25:59,040 --> 00:26:02,719 Speaker 2: woman to translate the Odyssey into English. Ellie Wilson, thank 519 00:26:02,760 --> 00:26:04,520 Speaker 2: you so much for being here. I have a very 520 00:26:04,600 --> 00:26:07,320 Speaker 2: strange anecdote to share with you, but it's relevant to 521 00:26:07,440 --> 00:26:09,440 Speaker 2: how big this has become. I was in Central Park 522 00:26:09,520 --> 00:26:12,640 Speaker 2: yesterday walking my dumb little dog, and I overheard two 523 00:26:12,960 --> 00:26:16,480 Speaker 2: like bros in their twenties explaining the plot of the 524 00:26:16,560 --> 00:26:19,320 Speaker 2: Odyssey to each other. And I turned around and I said, 525 00:26:19,720 --> 00:26:21,240 Speaker 2: you know, I have Emily Wilson. 526 00:26:20,960 --> 00:26:23,640 Speaker 9: On our show. Tomorrow, and he went, what, no way, 527 00:26:23,680 --> 00:26:24,440 Speaker 9: I gotta wash it. 528 00:26:24,800 --> 00:26:27,000 Speaker 2: She's the chick who did the new translation. So did 529 00:26:27,040 --> 00:26:28,879 Speaker 2: you ever think at any point when she's in this 530 00:26:29,000 --> 00:26:32,399 Speaker 2: career you would have Central Park tech pro name recognition? 531 00:26:32,880 --> 00:26:35,040 Speaker 13: Who could have on a random Friday? 532 00:26:35,960 --> 00:26:39,400 Speaker 8: So weird, it's so funny. I mean, I still wake 533 00:26:39,480 --> 00:26:41,480 Speaker 8: up and think this can't possibly be real. 534 00:26:41,560 --> 00:26:44,040 Speaker 14: It's wonderful, though, but I love that Homer is getting 535 00:26:44,119 --> 00:26:47,160 Speaker 14: all of this new free press thanks to Christopher Nolan, 536 00:26:47,640 --> 00:26:50,000 Speaker 14: who was an English major, not a classics major, but 537 00:26:50,080 --> 00:26:52,600 Speaker 14: he's really put his humanity's education to good use. 538 00:26:53,200 --> 00:26:55,400 Speaker 3: You brought your brood to see this film, I gather. 539 00:26:55,640 --> 00:26:57,680 Speaker 3: I'm curious what you thought of it and how you 540 00:26:57,800 --> 00:26:59,880 Speaker 3: is somebody who has been so deeply immersed in this work. 541 00:27:01,119 --> 00:27:02,720 Speaker 3: Can you enjoy a film like this or are you 542 00:27:02,760 --> 00:27:04,600 Speaker 3: able to kind of enjoy it as a viewer, or 543 00:27:04,640 --> 00:27:07,000 Speaker 3: are you kind of constantly thinking about whether or not 544 00:27:07,080 --> 00:27:08,280 Speaker 3: it's sticking literally to the text. 545 00:27:09,480 --> 00:27:11,800 Speaker 14: I had a lot of fun, as you said, Yes, 546 00:27:11,880 --> 00:27:14,280 Speaker 14: I took my three kids, my teenagers. One of thems 547 00:27:14,320 --> 00:27:15,800 Speaker 14: over twenty, but the others are teenagers. 548 00:27:16,119 --> 00:27:17,280 Speaker 8: They all had a good time. 549 00:27:17,480 --> 00:27:18,600 Speaker 14: I thought it was a fun time. 550 00:27:18,680 --> 00:27:19,240 Speaker 8: At the movies. 551 00:27:20,560 --> 00:27:23,240 Speaker 14: You know, I think there were many ways in which 552 00:27:23,800 --> 00:27:25,800 Speaker 14: the book is better, But I would say that right, 553 00:27:27,359 --> 00:27:29,400 Speaker 14: this is a fun summer movie, and I think it's 554 00:27:29,520 --> 00:27:33,040 Speaker 14: very entertaining, and I'm actually really looking forward to many 555 00:27:33,160 --> 00:27:36,200 Speaker 14: years of discussing with my students. How does the book 556 00:27:36,280 --> 00:27:37,119 Speaker 14: relate to the film. 557 00:27:37,320 --> 00:27:38,280 Speaker 8: I think it's really going to. 558 00:27:38,760 --> 00:27:42,000 Speaker 14: Enrich classroom discussions of the Odyssey all around the world. 559 00:27:42,359 --> 00:27:44,760 Speaker 2: I mean, it's interesting because there are people who take 560 00:27:44,840 --> 00:27:47,320 Speaker 2: issue with the movie. There are people who take issue 561 00:27:47,400 --> 00:27:51,200 Speaker 2: with your translation. The book may be better, but it's 562 00:27:51,320 --> 00:27:53,600 Speaker 2: this big I mean, is it good that people, like 563 00:27:53,720 --> 00:27:55,879 Speaker 2: you said, are at all just showing interest in it? 564 00:27:56,000 --> 00:27:58,480 Speaker 2: Does that do you think lead to more interest in 565 00:27:58,560 --> 00:28:01,280 Speaker 2: the classics? And is controvers maybe a good thing to 566 00:28:01,320 --> 00:28:03,200 Speaker 2: get people reading these these texts. 567 00:28:04,440 --> 00:28:07,200 Speaker 14: I think it's wonderful that this engagement of whatever kind. 568 00:28:07,320 --> 00:28:10,440 Speaker 14: I mean, I think it is really clear that this 569 00:28:10,680 --> 00:28:13,720 Speaker 14: film is bringing both lots and lots of people back 570 00:28:13,760 --> 00:28:16,320 Speaker 14: to the physical movie theaters, which is I think also 571 00:28:16,400 --> 00:28:18,760 Speaker 14: a good thing. But it's also bringing people back to 572 00:28:19,280 --> 00:28:22,720 Speaker 14: reading big books. The sales of the Odyssey and library 573 00:28:22,800 --> 00:28:25,920 Speaker 14: checkouts of the Odyssey. My translation, but also other translations 574 00:28:26,280 --> 00:28:29,800 Speaker 14: are by some order of magnitude up this summer, which 575 00:28:29,840 --> 00:28:32,440 Speaker 14: I think it's wonderful, And it's just this new engagement 576 00:28:32,880 --> 00:28:36,040 Speaker 14: with people who didn't maybe didn't think ancient literature could 577 00:28:36,080 --> 00:28:38,880 Speaker 14: be for me realizing this is a really fun read 578 00:28:39,000 --> 00:28:40,800 Speaker 14: and really interesting in so many different ways. 579 00:28:40,960 --> 00:28:44,280 Speaker 2: Just to put another on it, sales are up one 580 00:28:44,800 --> 00:28:48,320 Speaker 2: four hundred and twenty percent of hard books of the Odyssey. Crazy. 581 00:28:48,480 --> 00:28:51,000 Speaker 3: Yes, interesting remuneration I think come hand in hand, which 582 00:28:51,000 --> 00:28:54,080 Speaker 3: is good. Who's knocking on your door at Penn these days? 583 00:28:54,240 --> 00:28:56,800 Speaker 3: What does a classics major look like? What's his or 584 00:28:56,840 --> 00:28:59,480 Speaker 3: her background? Who's showing interest in majoring in the classics 585 00:28:59,520 --> 00:28:59,880 Speaker 3: these days? 586 00:29:01,200 --> 00:29:04,400 Speaker 14: You know, it's really very very diverse. I mean, kids 587 00:29:04,480 --> 00:29:07,000 Speaker 14: from all different backgrounds. I mean, I think back in 588 00:29:07,080 --> 00:29:09,560 Speaker 14: the day, there used to be an idea that if 589 00:29:09,600 --> 00:29:11,560 Speaker 14: you haven't gone to the kind of private school where 590 00:29:11,560 --> 00:29:14,000 Speaker 14: you do Latin, then there's no hope for you as 591 00:29:14,000 --> 00:29:16,760 Speaker 14: a classicist. And that's very much not true anymore. I mean, 592 00:29:16,840 --> 00:29:21,040 Speaker 14: there's every possible background, every possible high school. Even if 593 00:29:21,080 --> 00:29:23,040 Speaker 14: you didn't go to a high school where you read 594 00:29:23,120 --> 00:29:25,400 Speaker 14: The Odyssey in ninth grade, even if there wasn't Latin 595 00:29:25,440 --> 00:29:28,520 Speaker 14: offered at your school. There's so many opportunities at the 596 00:29:28,560 --> 00:29:31,640 Speaker 14: college level to get into this. I mean, one common 597 00:29:31,760 --> 00:29:36,400 Speaker 14: thread that I see, especially in the big myth classes 598 00:29:36,440 --> 00:29:39,520 Speaker 14: that I teach, is very often it's kids who've read 599 00:29:39,520 --> 00:29:43,960 Speaker 14: the Percy Jackson books as very excited about following up 600 00:29:44,080 --> 00:29:48,160 Speaker 14: with what is different about the Percy Jackson universe verusus 601 00:29:48,200 --> 00:29:50,240 Speaker 14: the universe that we get in Homer, And we have 602 00:29:50,320 --> 00:29:51,600 Speaker 14: those discussions and it's fun. 603 00:29:52,280 --> 00:29:55,040 Speaker 2: Do you think that diversity makes for a better, more 604 00:29:55,120 --> 00:29:57,840 Speaker 2: holistic study of the classics? I mean we were mentioned 605 00:29:57,880 --> 00:30:00,320 Speaker 2: you were the first woman to translate this text. Talk 606 00:30:00,360 --> 00:30:01,959 Speaker 2: to us a little bit about what you think your 607 00:30:02,000 --> 00:30:04,040 Speaker 2: perspective brought to that text as you looked at the 608 00:30:04,120 --> 00:30:06,600 Speaker 2: language and search for nuance. And does you know do 609 00:30:06,680 --> 00:30:10,240 Speaker 2: people from different places, different backgrounds, different ethnicities bring that 610 00:30:10,440 --> 00:30:11,760 Speaker 2: to these translations as well. 611 00:30:13,160 --> 00:30:14,680 Speaker 13: I think that can be the case. 612 00:30:14,760 --> 00:30:19,200 Speaker 14: Yes, I mean the first woman headline I slightly resist 613 00:30:19,280 --> 00:30:23,560 Speaker 14: the idea that women's work must always be defined by gender. 614 00:30:23,680 --> 00:30:27,160 Speaker 14: And of course for many other female homerests before me. 615 00:30:27,640 --> 00:30:30,680 Speaker 14: The Odessey and the Iliad have been translated into many 616 00:30:30,800 --> 00:30:33,720 Speaker 14: other languages by women before me. I don't think you 617 00:30:33,760 --> 00:30:36,840 Speaker 14: could pick out of a lineup which translations are by women. 618 00:30:36,920 --> 00:30:39,560 Speaker 14: I actually don't think that guest stands up to any 619 00:30:39,600 --> 00:30:43,800 Speaker 14: particular scrutiny. I mean I would say that, yes, of course, 620 00:30:44,600 --> 00:30:49,200 Speaker 14: all kinds of background questions can feed into any interpretshi 621 00:30:49,200 --> 00:30:52,320 Speaker 14: of activity, whether it's being a historian, being a journalist, 622 00:30:52,480 --> 00:30:55,320 Speaker 14: being a translator, being a literary critic. The things that 623 00:30:55,480 --> 00:30:58,480 Speaker 14: you both know as a scholar as a reader, and 624 00:30:58,600 --> 00:31:01,280 Speaker 14: also the things you know through bodied experience are going 625 00:31:01,360 --> 00:31:03,880 Speaker 14: to feed into your interpretative work in some way or other. 626 00:31:04,200 --> 00:31:07,800 Speaker 14: I mean, for me, my background in English poetics as 627 00:31:07,880 --> 00:31:11,840 Speaker 14: well as in Greek and Latin poetics, seems essential to 628 00:31:11,960 --> 00:31:14,800 Speaker 14: what I'm doing as a translator, and so far as 629 00:31:14,840 --> 00:31:17,280 Speaker 14: my primary intervention as I see it is to do 630 00:31:17,480 --> 00:31:21,720 Speaker 14: with using traditional metrical verse, in contrast to the vast 631 00:31:21,840 --> 00:31:25,880 Speaker 14: majority of modern translators who've used unmetrical free verse or 632 00:31:26,200 --> 00:31:28,680 Speaker 14: prose to translate homer And that has nothing to do 633 00:31:28,760 --> 00:31:29,160 Speaker 14: with gender. 634 00:31:29,240 --> 00:31:31,440 Speaker 8: It's about It's about poetics. 635 00:31:31,640 --> 00:31:33,800 Speaker 3: Can I ask a dumb question about the way you work? 636 00:31:33,880 --> 00:31:35,920 Speaker 3: So there's the Homeric question, of course, who wrote this? 637 00:31:36,960 --> 00:31:40,040 Speaker 3: Did he write this? And the ilia etca, etc. You know, 638 00:31:40,120 --> 00:31:42,959 Speaker 3: you mentioned these other translations, so there's Fagels and Fitzgerald 639 00:31:43,000 --> 00:31:46,160 Speaker 3: and Mendelssohn for that matter. As you're writing this, as 640 00:31:46,200 --> 00:31:48,120 Speaker 3: you were doing your translation, how much of that was 641 00:31:48,280 --> 00:31:51,240 Speaker 3: it in dialogue with those translations that you'd read previously. 642 00:31:51,240 --> 00:31:53,480 Speaker 3: In other words, where're working principally from the text in 643 00:31:53,520 --> 00:31:56,000 Speaker 3: ancient Greek? Or are you drawing from at least inspiration 644 00:31:56,080 --> 00:31:57,880 Speaker 3: from those texts those translations as well. 645 00:31:58,960 --> 00:32:01,720 Speaker 14: Primarily from the Greek. And I don't actually, in terms 646 00:32:01,760 --> 00:32:05,280 Speaker 14: of my practice, spend much time looking at other translations, 647 00:32:05,400 --> 00:32:08,560 Speaker 14: because most of the time, if I'm wrestling with a 648 00:32:08,600 --> 00:32:11,719 Speaker 14: particular problem about this line is so beautiful in these 649 00:32:11,760 --> 00:32:14,120 Speaker 14: particular ways, how can I convey that using. 650 00:32:13,960 --> 00:32:15,080 Speaker 8: Completely different words? 651 00:32:15,480 --> 00:32:17,040 Speaker 14: It's not going to help me if I then look 652 00:32:17,120 --> 00:32:19,040 Speaker 14: and see, oh he did that. Now I can't use 653 00:32:19,080 --> 00:32:21,600 Speaker 14: that anymore because he's already stole that. So I actually 654 00:32:21,680 --> 00:32:24,040 Speaker 14: need to spend the time by myself wrestling with it. 655 00:32:24,320 --> 00:32:27,280 Speaker 14: I'd read a lot of commentaries, I reread the dictionary 656 00:32:27,360 --> 00:32:29,640 Speaker 14: over and over to try and figure out how else 657 00:32:29,720 --> 00:32:33,080 Speaker 14: is this word used wherever else it's used in ancient Greek. 658 00:32:33,400 --> 00:32:36,760 Speaker 14: But it's not really about other looking at other translations. So, 659 00:32:36,920 --> 00:32:38,880 Speaker 14: of course, while I was starting this project, I was 660 00:32:39,440 --> 00:32:43,400 Speaker 14: meditating on my experiences, especially in the classroom, using many 661 00:32:43,440 --> 00:32:46,880 Speaker 14: different other translations, and thinking about what doesn't get across 662 00:32:47,000 --> 00:32:50,360 Speaker 14: when I use bagels or when I use Latimore. And 663 00:32:50,480 --> 00:32:55,560 Speaker 14: primarily I've thought about both meta and about the vividness, rapidity, 664 00:32:55,920 --> 00:33:00,320 Speaker 14: and the multi vocality of Homer, about how, in some 665 00:33:00,400 --> 00:33:03,680 Speaker 14: ways this is about how Homer can work for the 666 00:33:03,760 --> 00:33:06,880 Speaker 14: screen as well as for the stage and adaptation. The 667 00:33:06,960 --> 00:33:10,200 Speaker 14: Odyssey was composed before drama existed, but it has these 668 00:33:10,440 --> 00:33:14,240 Speaker 14: amazing speeches of characters who are so fully realized, and 669 00:33:14,320 --> 00:33:16,440 Speaker 14: we fully understand who Penelope is. 670 00:33:17,600 --> 00:33:18,640 Speaker 6: We're gonna have to leave it there. 671 00:33:18,840 --> 00:33:19,560 Speaker 9: Thank you so much. 672 00:33:19,560 --> 00:33:22,840 Speaker 2: I welcome you excellent version of the Odyssey. My other 673 00:33:22,880 --> 00:33:24,200 Speaker 2: favorite is, of course, wish Bone. 674 00:33:25,480 --> 00:33:29,120 Speaker 12: Stay with us for more on Bloomberg this weekend. Right 675 00:33:29,160 --> 00:33:41,720 Speaker 12: after this, you've. 676 00:33:41,640 --> 00:33:44,400 Speaker 13: Waited, as I have, for more than two hours for this, 677 00:33:44,600 --> 00:33:45,960 Speaker 13: It's time for the pointed news quiz. 678 00:33:45,960 --> 00:33:46,080 Speaker 5: Here. 679 00:33:46,160 --> 00:33:48,959 Speaker 2: Let me tell you what David Gera and Lisa Matteo. 680 00:33:49,120 --> 00:33:52,160 Speaker 2: If you change the rules again to benefit David, I will. 681 00:33:52,000 --> 00:33:52,840 Speaker 9: Walk off this set. 682 00:33:55,200 --> 00:33:57,040 Speaker 13: I always defer to Lisa. That's why I do so 683 00:33:57,120 --> 00:33:57,920 Speaker 13: well at this game. 684 00:34:00,120 --> 00:34:00,480 Speaker 1: A table. 685 00:34:00,600 --> 00:34:01,440 Speaker 8: What is happening. 686 00:34:01,520 --> 00:34:01,840 Speaker 7: Lisa. 687 00:34:02,520 --> 00:34:04,840 Speaker 2: I thought we had a girl code and she shared 688 00:34:04,880 --> 00:34:05,240 Speaker 2: that list. 689 00:34:05,560 --> 00:34:08,879 Speaker 13: My respect and comes down to that week after week. 690 00:34:11,120 --> 00:34:14,640 Speaker 9: Okay, don't discount it, David, to it. We are talking 691 00:34:14,640 --> 00:34:18,280 Speaker 9: about the pointed news everybody. This is the part everybody's 692 00:34:18,320 --> 00:34:19,320 Speaker 9: waiting for. Okay. 693 00:34:19,400 --> 00:34:20,960 Speaker 4: So for those of you at home, you're like, what 694 00:34:21,200 --> 00:34:24,200 Speaker 4: is this game? Okay, here's what happens. You can play 695 00:34:24,320 --> 00:34:27,680 Speaker 4: too on home at home if you want, might choose 696 00:34:27,719 --> 00:34:32,040 Speaker 4: the rules again, change the rules. There will be three categories, okay, 697 00:34:32,360 --> 00:34:34,600 Speaker 4: David Christina each have thirty chips in front of them. 698 00:34:34,840 --> 00:34:37,719 Speaker 4: They will place their bets on each category depending on 699 00:34:38,040 --> 00:34:40,520 Speaker 4: how they feel. You know, maybe they feel more confident 700 00:34:40,520 --> 00:34:42,600 Speaker 4: about the first or maybe not so much the second. 701 00:34:42,680 --> 00:34:43,080 Speaker 9: We'll see. 702 00:34:43,600 --> 00:34:45,920 Speaker 4: Are you ready for your three categories? Born before you 703 00:34:46,000 --> 00:34:48,920 Speaker 4: place your bets. Okay, here are your categories. First off 704 00:34:49,080 --> 00:34:54,920 Speaker 4: is birds, second is frequent flyers, and third is world records. 705 00:34:55,480 --> 00:34:57,560 Speaker 8: Did you read bad bords this week? 706 00:34:57,719 --> 00:34:59,560 Speaker 13: I've read no stories this week, which is part of 707 00:34:59,640 --> 00:35:01,359 Speaker 13: my strategy here. 708 00:35:01,800 --> 00:35:05,040 Speaker 9: So are you going thirty across. 709 00:35:04,760 --> 00:35:07,240 Speaker 13: The board because birds could be frequent flyers? 710 00:35:07,520 --> 00:35:11,560 Speaker 2: I'm also true, Lord help us From David Gara Puns today. 711 00:35:12,440 --> 00:35:14,879 Speaker 9: Across the board as well. All right, they have placed 712 00:35:14,920 --> 00:35:16,680 Speaker 9: their vets. Let's go on to the first question. 713 00:35:16,800 --> 00:35:21,360 Speaker 4: Here we go, birds, Lisa, Chinese exports are surging for 714 00:35:21,560 --> 00:35:25,400 Speaker 4: what type of bird used in a popular dish? Now? 715 00:35:25,480 --> 00:35:28,000 Speaker 4: This is despite local demand kind of being soft. So 716 00:35:28,480 --> 00:35:34,560 Speaker 4: Chinese exports surging for what kind of bird used in 717 00:35:34,640 --> 00:35:38,320 Speaker 4: a popular dish? What bird is used in a popular 718 00:35:38,400 --> 00:35:39,440 Speaker 4: dish from China? 719 00:35:39,800 --> 00:35:42,400 Speaker 9: Anytime? Now, David, he's writing people. 720 00:35:42,760 --> 00:35:45,120 Speaker 4: He even drew a picture for those of you who 721 00:35:46,239 --> 00:35:47,840 Speaker 4: duck is courage. 722 00:35:49,440 --> 00:35:51,759 Speaker 9: More specifically peaking duck. But I'll give it to you. Okay, 723 00:35:51,880 --> 00:35:56,520 Speaker 9: there we go. I have I've tried it, and I'm 724 00:35:56,560 --> 00:35:57,600 Speaker 9: not a big fan. I don't know. 725 00:35:58,160 --> 00:36:00,960 Speaker 13: Crispy skin, Yeah, I don't know. 726 00:36:00,960 --> 00:36:02,160 Speaker 2: I think it's hard to prepare. They have to do 727 00:36:02,200 --> 00:36:06,200 Speaker 2: it like really well it's well yeah, so why is this? 728 00:36:06,520 --> 00:36:10,920 Speaker 2: Why are the exports up? Gets back focusing I'm focusing 729 00:36:10,960 --> 00:36:11,480 Speaker 2: on back. 730 00:36:11,400 --> 00:36:12,920 Speaker 6: Down to get us back. 731 00:36:13,239 --> 00:36:16,760 Speaker 13: Why are they soft soft in in in the country. 732 00:36:17,160 --> 00:36:18,680 Speaker 9: They just don't soft a man in the country. They 733 00:36:18,760 --> 00:36:20,400 Speaker 9: just don't not so much. I mean they have it 734 00:36:20,440 --> 00:36:20,799 Speaker 9: all the time. 735 00:36:21,680 --> 00:36:24,799 Speaker 4: What they're trying to explore it getting more popular, trying 736 00:36:24,840 --> 00:36:25,560 Speaker 4: to get more popular. 737 00:36:25,680 --> 00:36:28,960 Speaker 9: Yes, Okay, there we go. We're moving on to frequent flying. 738 00:36:29,000 --> 00:36:32,520 Speaker 3: Energy duns up there, thinking about that duck ducks to 739 00:36:32,560 --> 00:36:33,280 Speaker 3: frequent flyers. 740 00:36:33,400 --> 00:36:33,680 Speaker 2: Here we go. 741 00:36:34,520 --> 00:36:39,280 Speaker 4: What public figure has flown fifty seven thousand miles since 742 00:36:39,440 --> 00:36:41,920 Speaker 4: June in a Gulf Stream private jet enough to. 743 00:36:41,960 --> 00:36:45,680 Speaker 9: Circle the equator twice? See, I know you know who 744 00:36:45,760 --> 00:36:48,239 Speaker 9: it is. But what is the name? What is this 745 00:36:48,360 --> 00:36:49,080 Speaker 9: person's name? 746 00:36:49,680 --> 00:36:49,839 Speaker 2: Right? 747 00:36:50,200 --> 00:36:52,480 Speaker 13: Okay, it's cryptic? 748 00:36:53,160 --> 00:36:53,480 Speaker 2: What now? 749 00:36:54,200 --> 00:36:57,080 Speaker 9: Now I'm confused? What public figure? What is his name? 750 00:36:57,200 --> 00:37:02,239 Speaker 4: He's flown fifty seven thousand miles since June since in 751 00:37:02,320 --> 00:37:03,000 Speaker 4: the Gulf Stream? 752 00:37:03,040 --> 00:37:03,719 Speaker 9: What's what it is? 753 00:37:04,239 --> 00:37:04,560 Speaker 14: I wonder? 754 00:37:04,680 --> 00:37:08,320 Speaker 9: Yeah, I wonder. David Garrett, A lot's been happening since. 755 00:37:08,600 --> 00:37:11,440 Speaker 6: Mentioned on a certain sport. Maybe the attention to the 756 00:37:11,560 --> 00:37:12,280 Speaker 6: chat in weeks. 757 00:37:13,360 --> 00:37:13,719 Speaker 2: I don't know. 758 00:37:13,800 --> 00:37:18,759 Speaker 9: I don't know. Okay, okay, flipp it. 759 00:37:18,840 --> 00:37:24,879 Speaker 6: What do you got Johnny Infantina, Hey Taylor? 760 00:37:25,280 --> 00:37:28,640 Speaker 4: Then you said yes, yes, so the president of FIFA. 761 00:37:29,080 --> 00:37:30,239 Speaker 9: Yes he is the one. 762 00:37:30,760 --> 00:37:32,719 Speaker 4: I mean, you have the expanded World Cup right, there's 763 00:37:32,760 --> 00:37:35,680 Speaker 4: now forty eighteen, So thanks, I get her chips. 764 00:37:35,760 --> 00:37:38,799 Speaker 9: Okay, but listen to his travel schedule, okay. 765 00:37:38,880 --> 00:37:41,720 Speaker 4: June twenty sixth he went from Miami to Dallas, Dallas 766 00:37:41,760 --> 00:37:43,960 Speaker 4: to Seattle, Seattle to Miami because he has to watch 767 00:37:44,000 --> 00:37:46,080 Speaker 4: all these games, most of them, so it's. 768 00:37:45,760 --> 00:37:47,880 Speaker 6: A doc plan. I should say he's paying for it. 769 00:37:48,040 --> 00:37:49,520 Speaker 7: No, no, no, yeah. 770 00:37:49,560 --> 00:37:52,239 Speaker 4: The estimated costs for jet fuel three hundred and fifty 771 00:37:52,239 --> 00:37:52,880 Speaker 4: thousand dollars. 772 00:37:53,239 --> 00:37:57,000 Speaker 9: That is a price quite the carbon footprints that as well. 773 00:37:57,680 --> 00:38:00,239 Speaker 9: Uh number three you ready, number three world record. 774 00:38:00,680 --> 00:38:02,000 Speaker 2: Continue my suffering, Lisa. 775 00:38:02,120 --> 00:38:03,920 Speaker 4: Okay, I did this story, so I want to make 776 00:38:03,960 --> 00:38:06,200 Speaker 4: sure you guys were listening when I did it. Runner 777 00:38:06,520 --> 00:38:10,880 Speaker 4: Josh Kerr he broke the world record for fastest mile. Okay, 778 00:38:11,280 --> 00:38:15,440 Speaker 4: which Berkshire Hathway own brand designed his shoe? 779 00:38:15,719 --> 00:38:16,560 Speaker 13: Such a good question. 780 00:38:16,600 --> 00:38:20,160 Speaker 9: Sneaker brand, think about it. Sneaker brand running the world. 781 00:38:19,920 --> 00:38:23,320 Speaker 13: Here has always listened to Lisa Matteo, pay attention. 782 00:38:24,400 --> 00:38:26,600 Speaker 9: I can't remember we talked to him pulling. 783 00:38:26,480 --> 00:38:27,160 Speaker 13: Back the curtain. 784 00:38:27,280 --> 00:38:28,719 Speaker 3: You know, we're always trying to get ready for the 785 00:38:28,760 --> 00:38:31,200 Speaker 3: next segment, listening to what the director has to say. 786 00:38:31,719 --> 00:38:37,480 Speaker 9: Always it's drugs, Christada. 787 00:38:38,920 --> 00:38:43,120 Speaker 12: Oh yes, he also was wearing a speed suit special suit. 788 00:38:43,200 --> 00:38:47,760 Speaker 3: Yeah, special credible to save those thousand time. 789 00:38:48,360 --> 00:38:49,959 Speaker 9: Every every second count. 790 00:38:50,120 --> 00:38:51,920 Speaker 2: No if like it's not swimming I don't know how 791 00:38:52,000 --> 00:38:53,560 Speaker 2: much the speed suit is going to be different. 792 00:38:54,239 --> 00:38:57,080 Speaker 4: Well, three hours, forty two minutes and sixty six seconds, 793 00:38:57,200 --> 00:38:57,760 Speaker 4: that's exactly. 794 00:38:57,880 --> 00:38:59,040 Speaker 2: Maybe we can speed up this. 795 00:38:59,440 --> 00:39:00,880 Speaker 9: All right, let's do it. 796 00:39:01,000 --> 00:39:03,080 Speaker 4: Let's hit the bonus because Christina, you can win these 797 00:39:03,520 --> 00:39:05,080 Speaker 4: all of my when you get all the back. 798 00:39:05,200 --> 00:39:09,719 Speaker 9: Okay, bonus is New Jersey. Okay, that's the category. 799 00:39:10,920 --> 00:39:14,040 Speaker 4: James Patten was sentenced to twenty months twenty one months 800 00:39:14,080 --> 00:39:18,160 Speaker 4: in prison after he inflated sales from twenty thousand dollars 801 00:39:18,239 --> 00:39:20,880 Speaker 4: to one hundred million dollars for. 802 00:39:21,080 --> 00:39:24,520 Speaker 9: What type of New Jersey small business? Think about it? 803 00:39:24,800 --> 00:39:29,200 Speaker 9: New Jersey small business? What type of New Jersey small business? 804 00:39:30,000 --> 00:39:30,320 Speaker 4: Okay? 805 00:39:30,800 --> 00:39:33,240 Speaker 6: Interesting? All right, I really have no idea. 806 00:39:33,040 --> 00:39:33,480 Speaker 14: On this front. 807 00:39:33,480 --> 00:39:35,640 Speaker 9: Oh you don't know so fast? 808 00:39:35,760 --> 00:39:38,960 Speaker 13: Okay, I wrote lawn care trash collection. 809 00:39:39,480 --> 00:39:45,560 Speaker 9: It's Deli Deli. Remember the story? 810 00:39:46,280 --> 00:39:46,440 Speaker 7: Next? 811 00:39:48,760 --> 00:39:51,560 Speaker 2: Do you see that condescending for a radio? Listen, there's 812 00:39:51,560 --> 00:39:53,440 Speaker 2: a very contor. 813 00:39:53,920 --> 00:39:55,080 Speaker 8: The battery just received. 814 00:39:55,920 --> 00:39:58,240 Speaker 3: Always listen to Lisa Matteo. You can test your knowledge 815 00:39:58,280 --> 00:39:59,840 Speaker 3: on all ten questions. You can take the point in 816 00:39:59,880 --> 00:40:02,239 Speaker 3: new quisite Bloomberg dot com slash pointed. You can find 817 00:40:02,239 --> 00:40:03,959 Speaker 3: it on the Bloomberg Business App. 818 00:40:05,840 --> 00:40:08,720 Speaker 2: Thanks for joining us on today's Bloomberg This Weekend podcast. 819 00:40:08,920 --> 00:40:11,120 Speaker 2: Don't forget to tune in live for the show every 820 00:40:11,200 --> 00:40:13,800 Speaker 2: Saturday and Sunday morning, starting at seven am Eastern. 821 00:40:13,920 --> 00:40:16,879 Speaker 3: We're on Bloomberg Television Radio and the Bloomberg Business App, 822 00:40:17,040 --> 00:40:20,480 Speaker 3: bringing you unique takes and in depth interviews on news, politics, 823 00:40:20,600 --> 00:40:21,840 Speaker 3: lifestyle and culture.