1 00:00:02,520 --> 00:00:08,479 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. I showed a story 2 00:00:08,480 --> 00:00:09,760 Speaker 1: with you because I don't know if you noticed. It's 3 00:00:09,760 --> 00:00:12,240 Speaker 1: supposed to be about eighty degrees here on Sunday. 4 00:00:12,640 --> 00:00:14,360 Speaker 2: Does that mean the mosquitoes are coming back? 5 00:00:14,920 --> 00:00:15,800 Speaker 3: I have no idea. 6 00:00:16,079 --> 00:00:19,680 Speaker 2: I think enough. I could sit outside and like, I 7 00:00:19,720 --> 00:00:21,960 Speaker 2: didn't feel like I would get bitten, but the night 8 00:00:21,960 --> 00:00:23,160 Speaker 2: before got bitten. 9 00:00:23,200 --> 00:00:25,319 Speaker 1: It's not quite sweat weather, but it's getting close. 10 00:00:25,600 --> 00:00:26,520 Speaker 2: Oh, it's getting close. 11 00:00:26,640 --> 00:00:28,760 Speaker 1: And it was chilly this morning when I walked the doctors. 12 00:00:29,040 --> 00:00:31,400 Speaker 2: Mister autumn man might make an appearance, mister odam. 13 00:00:31,680 --> 00:00:35,640 Speaker 1: Yeah. One of our spotlight stories by our O'Brian K. Sullivan, 14 00:00:35,880 --> 00:00:38,760 Speaker 1: and it's entitled high Summer Temperatures hangover much of the 15 00:00:38,840 --> 00:00:41,040 Speaker 1: US Heartland, and it says a late blast of warm 16 00:00:41,080 --> 00:00:44,000 Speaker 1: weather is bringing summer like temperatures to the US Midwest, 17 00:00:44,120 --> 00:00:47,960 Speaker 1: laying the transition into heating season in the natural gas market. 18 00:00:47,960 --> 00:00:51,040 Speaker 1: We are Bloomberg, so we always think about the markets impacted, 19 00:00:51,120 --> 00:00:53,680 Speaker 1: no matter what. Temperatures are set to rise as much 20 00:00:53,720 --> 00:00:57,520 Speaker 1: as fifteen degrees fahrenheit or more above normal throughout the 21 00:00:57,520 --> 00:01:00,880 Speaker 1: Great Plans in Midwest with thirty seven till daily highs 22 00:01:00,880 --> 00:01:03,280 Speaker 1: that could be tied or broken through next week, and 23 00:01:03,320 --> 00:01:05,959 Speaker 1: then we'll see the warm weather slow the transition into 24 00:01:06,040 --> 00:01:09,480 Speaker 1: heating season. But it is also likely to prolong drought 25 00:01:09,480 --> 00:01:12,959 Speaker 1: conditions across the eastern US jew to the accompanying dry air. 26 00:01:13,319 --> 00:01:17,280 Speaker 2: Wow. Yeah, okay, high pressure dome. It's settled across the 27 00:01:17,319 --> 00:01:20,000 Speaker 2: center of the country near Chicago. It'll spread eastward through 28 00:01:20,040 --> 00:01:23,080 Speaker 2: the weekend. The heat sticks around homes and businesses will 29 00:01:23,120 --> 00:01:26,120 Speaker 2: keep air conditioners running longer. Usually at this time of 30 00:01:26,120 --> 00:01:28,000 Speaker 2: the year, energy demand starts to shift from being driven 31 00:01:28,000 --> 00:01:29,479 Speaker 2: by the need to keep places cool to make sure 32 00:01:29,480 --> 00:01:31,880 Speaker 2: they're warm enough. But this year is warmer than normal 33 00:01:31,920 --> 00:01:34,760 Speaker 2: readings will slow that transition, as you mentioned, Carol, into 34 00:01:35,400 --> 00:01:37,839 Speaker 2: heating season. According to report from Bloomberg. 35 00:01:37,440 --> 00:01:40,520 Speaker 1: Ne Ef, you know, we still have air on at home. 36 00:01:40,600 --> 00:01:42,280 Speaker 2: Okay, So I was just gonna ask you, but my 37 00:01:42,360 --> 00:01:43,360 Speaker 2: husband literally. 38 00:01:43,080 --> 00:01:46,319 Speaker 1: Goes from air conditioning to heating, so and I like 39 00:01:46,360 --> 00:01:48,160 Speaker 1: to open windows and have like you know. 40 00:01:48,200 --> 00:01:49,920 Speaker 2: But there was a nice couple of weeks in September 41 00:01:49,960 --> 00:01:51,440 Speaker 2: when we could keep all the windows open. 42 00:01:51,640 --> 00:01:51,840 Speaker 1: Yeah. 43 00:01:51,960 --> 00:01:54,720 Speaker 2: Then toward the end of September into this week, we 44 00:01:54,760 --> 00:01:56,800 Speaker 2: did air conditioning. But last night and the night before 45 00:01:56,960 --> 00:01:57,680 Speaker 2: windows open. 46 00:01:58,320 --> 00:02:01,480 Speaker 1: Everything was nice, right, it's just fresh flowing around. But 47 00:02:01,680 --> 00:02:04,080 Speaker 1: like there are market implications, right, and we certainly see 48 00:02:04,080 --> 00:02:07,000 Speaker 1: this play, and so we'll keep an eye on this 49 00:02:07,400 --> 00:02:11,119 Speaker 1: and see, you know what it could mean. The thing 50 00:02:11,160 --> 00:02:13,440 Speaker 1: that I think is interesting is that the warmer it 51 00:02:13,560 --> 00:02:16,880 Speaker 1: is and Brian Sullivan in case Sullivan points us out 52 00:02:16,880 --> 00:02:19,040 Speaker 1: in the story, he says a potentially longer lasting fallout 53 00:02:19,040 --> 00:02:22,040 Speaker 1: is that the dryer accompanying the rising temps will likely 54 00:02:22,080 --> 00:02:26,239 Speaker 1: prolong the drought conditions across the eastern US. This is 55 00:02:26,280 --> 00:02:28,960 Speaker 1: according to Orovec, more than ninety two percent of the 56 00:02:28,960 --> 00:02:32,240 Speaker 1: Northeast from Maine to West Virginia is abnormally dry, and 57 00:02:32,320 --> 00:02:36,080 Speaker 1: several states, including New Hampshire and Vermont, are either completely 58 00:02:36,120 --> 00:02:38,200 Speaker 1: or nearly covered by drought. That's according to the US 59 00:02:38,320 --> 00:02:41,639 Speaker 1: Drought Monitors. So you think about crops, you think about fires, 60 00:02:41,680 --> 00:02:46,560 Speaker 1: you think about just the implications when land is so dry. 61 00:02:46,960 --> 00:02:49,200 Speaker 2: Can I talk about the Boeing story? 62 00:02:49,480 --> 00:02:49,640 Speaker 1: Is that? 63 00:02:49,680 --> 00:02:49,960 Speaker 3: Okay? 64 00:02:50,480 --> 00:02:52,079 Speaker 1: My dad used to do this when we'd be like, Dad, 65 00:02:52,160 --> 00:02:54,160 Speaker 1: can I can? I was like, I don't know, can 66 00:02:54,200 --> 00:02:54,800 Speaker 1: you I can? 67 00:02:55,000 --> 00:02:56,600 Speaker 2: May I talk about the bowing story? 68 00:02:56,720 --> 00:02:58,519 Speaker 3: There you go, mister Stenovek. 69 00:02:58,440 --> 00:03:00,480 Speaker 2: This is the most red story in the hour on 70 00:03:00,520 --> 00:03:03,800 Speaker 2: the Bloomberg terminal. We talked about it very briefly, but 71 00:03:04,000 --> 00:03:06,800 Speaker 2: we're getting some more details. Boeing's Triple seven X is 72 00:03:06,800 --> 00:03:08,880 Speaker 2: slated to fly commercially for the first time in early 73 00:03:08,919 --> 00:03:12,680 Speaker 2: twenty twenty seven instead of next year. Our team Julie 74 00:03:12,760 --> 00:03:17,639 Speaker 2: Johnson and Sid Philip exclusively reporting this. Deutsche Luftanza, the 75 00:03:17,720 --> 00:03:20,040 Speaker 2: launch customer for the wide body aircraft, is already laying 76 00:03:20,040 --> 00:03:22,920 Speaker 2: the groundwork for a fresh setback. The German airline is 77 00:03:22,960 --> 00:03:25,480 Speaker 2: not including the Triple seven X and its fleet plans 78 00:03:25,880 --> 00:03:27,919 Speaker 2: until twenty twenty seven, said one of the people, who 79 00:03:27,919 --> 00:03:30,279 Speaker 2: asked not to be identified because the matter is confidential. 80 00:03:30,680 --> 00:03:33,679 Speaker 2: Officials at Emirates, the Triple seven x's biggest customer, have 81 00:03:33,760 --> 00:03:36,720 Speaker 2: also grown more cautious as it looks at entry into service, 82 00:03:36,760 --> 00:03:38,960 Speaker 2: possibly not before twenty twenty seven. 83 00:03:39,280 --> 00:03:41,880 Speaker 1: So we did see Boeing shares They were up about 84 00:03:41,920 --> 00:03:46,000 Speaker 1: one percent in today's session. The stock we've seen it 85 00:03:46,280 --> 00:03:49,360 Speaker 1: making its way back here in twenty twenty five after 86 00:03:49,840 --> 00:03:54,320 Speaker 1: what seemed like several years right of problems at the airline. 87 00:03:54,360 --> 00:03:57,160 Speaker 1: Maker stock is up almost twenty three percent year today. 88 00:03:57,280 --> 00:03:59,240 Speaker 1: But you know when you do have a delay in 89 00:03:59,280 --> 00:04:02,880 Speaker 1: a launch like this, there are potentially implications. Analysts estimating 90 00:04:02,880 --> 00:04:05,240 Speaker 1: the non cash accounting charge could run from two and 91 00:04:05,280 --> 00:04:07,600 Speaker 1: a half billion to as much as four billion dollars. 92 00:04:07,760 --> 00:04:09,800 Speaker 1: The Boeing has not detailed the extent of the cost. 93 00:04:10,040 --> 00:04:12,680 Speaker 1: Company reports on October twenty ninth, So I'm assuming this 94 00:04:12,720 --> 00:04:13,840 Speaker 1: will be a big topic. 95 00:04:14,160 --> 00:04:15,600 Speaker 2: Do you know how long we've been talking about the 96 00:04:15,680 --> 00:04:18,919 Speaker 2: start of deliveries for the upgraded Triple seven planes? 97 00:04:19,120 --> 00:04:20,000 Speaker 1: Not easy? Tip. 98 00:04:20,320 --> 00:04:23,560 Speaker 2: It was originally due to fly commercially in twenty twenty. 99 00:04:23,920 --> 00:04:25,800 Speaker 1: Yeah, well then we had a little thing called the 100 00:04:25,839 --> 00:04:27,080 Speaker 1: global pandemic. 101 00:04:26,720 --> 00:04:28,920 Speaker 3: We did, and other things we did. 102 00:04:29,160 --> 00:04:31,160 Speaker 2: Boeing has already racked more than eleven billion dollars in 103 00:04:31,200 --> 00:04:34,000 Speaker 2: cost overruns for this plane. It's encountered a string of 104 00:04:34,040 --> 00:04:37,279 Speaker 2: setbacks and faced tough FA scrutiny in the aftermath of 105 00:04:37,600 --> 00:04:41,160 Speaker 2: two fatal seven thirty seven Max crashes last decade. 106 00:04:41,920 --> 00:04:44,640 Speaker 1: Yeah, so it's I mean, listen, we know it's not easy, 107 00:04:44,680 --> 00:04:47,119 Speaker 1: we know it's difficult. I'm still always kind of blown 108 00:04:47,120 --> 00:04:51,080 Speaker 1: away by the mathematics and the financials of planes and 109 00:04:51,160 --> 00:04:53,680 Speaker 1: airlines and making plants because these things are. 110 00:04:53,760 --> 00:04:54,760 Speaker 2: Super super expensive. 111 00:04:54,800 --> 00:04:55,640 Speaker 3: This is a wide body. 112 00:04:55,839 --> 00:04:58,360 Speaker 2: Yeah, so as opposed to the seven thirty seven, seven 113 00:04:58,440 --> 00:04:59,839 Speaker 2: thirty seven max and narrowbody. 114 00:05:01,080 --> 00:05:03,320 Speaker 1: You're listening and watching Bloomberg Business Week, just a quick 115 00:05:03,320 --> 00:05:05,599 Speaker 1: reminder of how we closed on this Thursday, S and 116 00:05:05,640 --> 00:05:09,120 Speaker 1: P five hundred sixty seven fifteen up four points. Believe 117 00:05:09,160 --> 00:05:11,560 Speaker 1: that was a record, and the Nasdaq one hundred twenty 118 00:05:11,560 --> 00:05:14,640 Speaker 1: four eight ninety two that was up about ninety one points. 119 00:05:14,640 --> 00:05:17,480 Speaker 1: So once again we're talking about records on Wall Street, 120 00:05:17,520 --> 00:05:21,320 Speaker 1: which is something that we hadn't seen for a few days, 121 00:05:21,360 --> 00:05:23,200 Speaker 1: but there was a period where it was one after another. 122 00:05:23,560 --> 00:05:25,520 Speaker 2: Well, to get to our next guest, he's somebody who 123 00:05:25,560 --> 00:05:27,960 Speaker 2: wears many hats. Andrew Yang is with us. He's the 124 00:05:27,960 --> 00:05:30,880 Speaker 2: founder and CEO of Noble Mobile. You might know him 125 00:05:30,880 --> 00:05:34,440 Speaker 2: though as former Democratic presidential candidate in the twenty twenty race, 126 00:05:34,480 --> 00:05:37,000 Speaker 2: and in twenty twenty one he made a failed run 127 00:05:37,040 --> 00:05:39,839 Speaker 2: to be Democratic nominee for the New York City mayoil race. 128 00:05:40,120 --> 00:05:43,360 Speaker 2: He's the founder of the Independent Forward Party, also a 129 00:05:43,400 --> 00:05:46,159 Speaker 2: best selling author. He's often on our radar, and just 130 00:05:46,200 --> 00:05:48,960 Speaker 2: this past summer, Political reported that Elon Musk and Andrew 131 00:05:49,040 --> 00:05:51,719 Speaker 2: Yang connected on creating a third party to a beend 132 00:05:51,800 --> 00:05:53,440 Speaker 2: America's political system. 133 00:05:53,560 --> 00:05:56,360 Speaker 1: Andrew Yang, Welcome, Welcome to Bloomberg BusinessWeek. DEII great to 134 00:05:56,400 --> 00:05:57,400 Speaker 1: have you with us. How are you? 135 00:05:57,920 --> 00:06:00,240 Speaker 3: It's great to be here. What an awesome intro. I'll 136 00:06:00,279 --> 00:06:00,719 Speaker 3: take it. 137 00:06:01,279 --> 00:06:03,160 Speaker 1: There's a lot, there's a lot. What's more fun more 138 00:06:03,279 --> 00:06:07,120 Speaker 1: challenging starting up a company or being an entrepreneur or 139 00:06:07,440 --> 00:06:08,839 Speaker 1: running for political office? 140 00:06:09,000 --> 00:06:12,080 Speaker 3: Wow? It depends on the office. I will say. I 141 00:06:12,240 --> 00:06:14,680 Speaker 3: thought that being the CEO of a startup might prepare 142 00:06:14,720 --> 00:06:16,760 Speaker 3: me for running for office, But it turns out that 143 00:06:16,880 --> 00:06:20,120 Speaker 3: as a candidate, people want to know more about you, 144 00:06:20,440 --> 00:06:22,560 Speaker 3: like you become the product, and there's nothing that can 145 00:06:22,600 --> 00:06:24,520 Speaker 3: prepare you for that. So if that sounds good to you, 146 00:06:24,720 --> 00:06:25,920 Speaker 3: feel free to run for office. 147 00:06:26,000 --> 00:06:28,640 Speaker 1: Okay, So wait, did you like so then starting running 148 00:06:28,640 --> 00:06:29,040 Speaker 1: a company? 149 00:06:29,160 --> 00:06:30,760 Speaker 3: Starting with a company? You no? 150 00:06:30,839 --> 00:06:34,400 Speaker 1: Thanks? Are you done with politics? 151 00:06:34,960 --> 00:06:38,600 Speaker 3: I'm too young to be done with politics. And even 152 00:06:38,640 --> 00:06:40,760 Speaker 3: what we're doing with Noble Mobile, we're trying to lower 153 00:06:40,800 --> 00:06:44,800 Speaker 3: people's cell phone bills, which strikes me as something that's 154 00:06:44,839 --> 00:06:48,400 Speaker 3: kind of tangential to politics. It's something that you know 155 00:06:49,279 --> 00:06:52,360 Speaker 3: is touching policy. But I'm sure I'll run for something 156 00:06:52,400 --> 00:06:53,039 Speaker 3: again at some point. 157 00:06:53,279 --> 00:06:55,240 Speaker 2: We're going to get to Noble Mobile in just a minute. 158 00:06:55,520 --> 00:06:58,839 Speaker 2: And like you said, there is this idea of actually 159 00:06:58,839 --> 00:07:01,480 Speaker 2: getting people to use their phone, which is really interesting. 160 00:07:02,400 --> 00:07:04,080 Speaker 2: I want to go back to this idea of you 161 00:07:04,200 --> 00:07:06,440 Speaker 2: and Elon teaming up to create a third party to 162 00:07:06,560 --> 00:07:08,760 Speaker 2: up in America's political system. Are you talking to him 163 00:07:08,839 --> 00:07:09,600 Speaker 2: right now about that? 164 00:07:10,480 --> 00:07:15,240 Speaker 3: We are in touch to this day. He did endorse 165 00:07:15,280 --> 00:07:19,520 Speaker 3: me in twenty twenty, and his team and I share 166 00:07:19,760 --> 00:07:23,880 Speaker 3: many many people in common in our networks. So yeah, 167 00:07:24,040 --> 00:07:25,800 Speaker 3: like it's stay tuned really well. 168 00:07:25,800 --> 00:07:27,520 Speaker 2: Some folks would argue that he has changed a lot 169 00:07:27,600 --> 00:07:29,800 Speaker 2: since twenty twenty, or at least his positions have changed 170 00:07:29,840 --> 00:07:31,560 Speaker 2: a lot, and in fact, in twenty twenty four he 171 00:07:31,560 --> 00:07:34,040 Speaker 2: said he wasn't going to even get involved in the 172 00:07:34,040 --> 00:07:36,840 Speaker 2: presidential race, and then he did, to the tune of 173 00:07:36,920 --> 00:07:40,560 Speaker 2: hundreds of billions of dollars and even serving as a 174 00:07:40,600 --> 00:07:45,000 Speaker 2: special appointee in the administration. Politically, are you aligned with him? 175 00:07:45,800 --> 00:07:48,560 Speaker 3: I'm aligned with anyone who thinks that the current system 176 00:07:48,640 --> 00:07:51,960 Speaker 3: is not working, that the two party system is designed 177 00:07:52,040 --> 00:07:56,600 Speaker 3: to not actually deliver results or solve problems. And there 178 00:07:56,640 --> 00:07:58,960 Speaker 3: are times when Elon has definitely had that point of view. 179 00:07:59,240 --> 00:08:02,880 Speaker 3: He's looked up at we need something new and it's 180 00:08:02,880 --> 00:08:06,520 Speaker 3: going to take i'd say, a real coalition of Americans 181 00:08:06,560 --> 00:08:10,080 Speaker 3: that might not line up along traditional politics to make 182 00:08:10,120 --> 00:08:10,600 Speaker 3: that case. 183 00:08:11,480 --> 00:08:13,360 Speaker 1: Have you do you agree with all the things he 184 00:08:13,400 --> 00:08:15,200 Speaker 1: did under Doge? 185 00:08:15,600 --> 00:08:18,400 Speaker 3: I do not agree with everything he said he did Underdoge? 186 00:08:18,600 --> 00:08:19,840 Speaker 1: Have you and he talked about that? 187 00:08:20,440 --> 00:08:25,600 Speaker 3: We talked about the current mission, which is to try 188 00:08:25,640 --> 00:08:28,440 Speaker 3: and improve the American political system to a point where 189 00:08:28,480 --> 00:08:30,920 Speaker 3: it actually seems both problem solving and responsive. 190 00:08:31,120 --> 00:08:32,679 Speaker 1: What do you think is most broken? Is it the 191 00:08:32,720 --> 00:08:37,000 Speaker 1: money in politics and politicians worrying more about making sure 192 00:08:37,000 --> 00:08:41,000 Speaker 1: they get re elected rather than listening to their constituents. 193 00:08:41,920 --> 00:08:45,840 Speaker 3: In a word, incentives, which is that if someone does 194 00:08:45,880 --> 00:08:49,240 Speaker 3: the right thing, they're probably shortening their political career. If 195 00:08:49,240 --> 00:08:51,760 Speaker 3: they go along with what their base wants, they might 196 00:08:51,800 --> 00:08:53,319 Speaker 3: have a lifetime appointment. 197 00:08:53,440 --> 00:08:55,160 Speaker 2: Well, so it seems like the AVC answer to that 198 00:08:55,240 --> 00:08:55,959 Speaker 2: is term limits. 199 00:08:56,559 --> 00:09:00,000 Speaker 3: That is a very popular answer, one that I endore. 200 00:09:00,520 --> 00:09:02,520 Speaker 3: Seventy five percent of Americans think we should have term 201 00:09:02,559 --> 00:09:05,480 Speaker 3: limits because they don't want folks heading to DC and 202 00:09:05,520 --> 00:09:06,600 Speaker 3: squatting there for decades. 203 00:09:07,480 --> 00:09:08,680 Speaker 1: Is it third party likely? 204 00:09:09,800 --> 00:09:11,640 Speaker 3: It's not just likely, it's real. I mean, we have 205 00:09:11,760 --> 00:09:15,439 Speaker 3: dozens of elected officials around the country right now, because 206 00:09:15,440 --> 00:09:18,440 Speaker 3: it turns out that there are tens of thousands of 207 00:09:19,120 --> 00:09:23,000 Speaker 3: local elected offices that are nonpartisan and that can be mayors, 208 00:09:23,440 --> 00:09:26,439 Speaker 3: that can be county executives, that can be city councilor 209 00:09:26,440 --> 00:09:29,000 Speaker 3: board of ed. So the Ford Party is racking up 210 00:09:29,040 --> 00:09:30,679 Speaker 3: wins all over the country as we speak. 211 00:09:30,800 --> 00:09:32,920 Speaker 1: But we really still have a Congress that's like, you know, 212 00:09:32,960 --> 00:09:35,800 Speaker 1: we're divided between the Republicans and Democrats, Like that's how 213 00:09:35,800 --> 00:09:37,360 Speaker 1: we divide things still, And this is. 214 00:09:37,320 --> 00:09:40,880 Speaker 3: The fascinating thing. How many US Senators would you need 215 00:09:40,920 --> 00:09:44,760 Speaker 3: to form a folk rum in this divided time? Maybe three, 216 00:09:45,040 --> 00:09:49,520 Speaker 3: maybe four? And there are two Senators who already are independents, 217 00:09:50,040 --> 00:09:52,160 Speaker 3: and you can see something similar happening in the House. 218 00:09:52,200 --> 00:09:54,080 Speaker 3: It would be a slightly larger number. It might be 219 00:09:54,120 --> 00:09:57,679 Speaker 3: six or eight. So you don't need an upstart movement 220 00:09:57,800 --> 00:10:01,440 Speaker 3: like forward to win fifty one Senate. You need us 221 00:10:01,559 --> 00:10:04,640 Speaker 3: to get three or so. And that I think is 222 00:10:04,679 --> 00:10:08,520 Speaker 3: going to happen sometime in the next three or five years. 223 00:10:08,679 --> 00:10:10,920 Speaker 2: Do you think within your lifetime there will be a 224 00:10:11,040 --> 00:10:14,640 Speaker 2: president who wins who is not a Democrat or a Republican? 225 00:10:14,880 --> 00:10:15,040 Speaker 1: Oh? 226 00:10:15,120 --> 00:10:17,400 Speaker 3: Yeah, I do. And I will point people to a 227 00:10:17,400 --> 00:10:19,880 Speaker 3: guy named Mike Duggan who's running for a governor of 228 00:10:19,920 --> 00:10:24,000 Speaker 3: Michigan right now, third term mayor of Detroit, sky high 229 00:10:24,040 --> 00:10:26,760 Speaker 3: approval ratings because he turned that city around. He's running 230 00:10:26,760 --> 00:10:29,800 Speaker 3: for governor and he said, look, it's not Democratic or Republican. 231 00:10:29,800 --> 00:10:33,000 Speaker 3: That's the future of politics in the state. It's independent. 232 00:10:33,120 --> 00:10:35,680 Speaker 3: And right now he's the front runner. So there's no 233 00:10:35,760 --> 00:10:39,240 Speaker 3: reason why someone can't make that similar case nationwide. It 234 00:10:39,320 --> 00:10:40,400 Speaker 3: might even be Mike Duggan. 235 00:10:40,480 --> 00:10:42,200 Speaker 2: Well, I understand the politics of it. What I don't 236 00:10:42,240 --> 00:10:44,400 Speaker 2: understand is the structure of it in the primaries and 237 00:10:44,400 --> 00:10:48,040 Speaker 2: how that would actually work and actually get past the primaries. 238 00:10:48,200 --> 00:10:51,320 Speaker 3: Oh, I'd love this question so much. Imagine this. Imagine 239 00:10:51,320 --> 00:10:54,920 Speaker 3: a primary where Mike Bloomberg, you know, sorry, I keep 240 00:10:55,000 --> 00:10:59,400 Speaker 3: name checking you, Mike, Mike Bloomberg, Mark Cuban, Matthew McConaughey, Oprah, 241 00:10:59,480 --> 00:11:02,400 Speaker 3: whomever you're favorite flavor of independent is runs in a 242 00:11:02,440 --> 00:11:08,079 Speaker 3: primary that every American can vote vote on their smartphone, 243 00:11:08,280 --> 00:11:11,120 Speaker 3: as opposed to waiting to hear what Iowens and South 244 00:11:11,160 --> 00:11:13,960 Speaker 3: Carolinians think. And then you'd have tens of millions of 245 00:11:14,000 --> 00:11:17,400 Speaker 3: Americans saying I like Cuban, I like this person, and 246 00:11:17,440 --> 00:11:20,480 Speaker 3: that would be genuine, lowercase de democracy, and there is 247 00:11:20,520 --> 00:11:23,960 Speaker 3: nothing stopping that from happening in twenty twenty eight. In 248 00:11:24,000 --> 00:11:28,000 Speaker 3: twenty thirty two, the technology is obviously mature, and the 249 00:11:28,040 --> 00:11:29,319 Speaker 3: will is there if you look at the. 250 00:11:29,280 --> 00:11:31,040 Speaker 1: Numbers, So why does it happen? 251 00:11:31,880 --> 00:11:34,240 Speaker 3: Maybe it will happen in twenty eight. All it takes 252 00:11:34,280 --> 00:11:37,360 Speaker 3: is one major figure stepping forward and saying, hey, guys, 253 00:11:37,440 --> 00:11:39,319 Speaker 3: I'm running as an independent and this is how we're 254 00:11:39,320 --> 00:11:41,080 Speaker 3: going to choose. And by the way, if you have 255 00:11:41,120 --> 00:11:43,719 Speaker 3: Mark Cuban decided to take that challenge, then you'd have 256 00:11:44,120 --> 00:11:46,480 Speaker 3: a whole dozen other people following in his wake. 257 00:11:46,640 --> 00:11:47,880 Speaker 1: Do you think he's going to run? Do you talk 258 00:11:47,920 --> 00:11:48,559 Speaker 1: to him about it? 259 00:11:48,600 --> 00:11:51,080 Speaker 3: I do talk to Mark, And let me say that 260 00:11:51,160 --> 00:11:53,760 Speaker 3: Mark has definitely thought long and hard about running for president. 261 00:11:53,800 --> 00:11:56,520 Speaker 1: All right, tell us about Noble Mobile. You announced it 262 00:11:56,559 --> 00:12:00,440 Speaker 1: in September. Tell us about it because it does unlike 263 00:12:00,559 --> 00:12:02,280 Speaker 1: it's a little bit different than a lot of our 264 00:12:02,320 --> 00:12:03,040 Speaker 1: Celle carriers. 265 00:12:03,520 --> 00:12:06,280 Speaker 3: Imagine this. Imagine a carrier that actually paid you to 266 00:12:06,360 --> 00:12:10,000 Speaker 3: doom scroll a little bit less fifty dollars for unlimited, 267 00:12:10,000 --> 00:12:12,319 Speaker 3: which is less than what ninety percent of Americans are paying, 268 00:12:12,600 --> 00:12:14,720 Speaker 3: and we'll give you up to twenty dollars cash back 269 00:12:14,760 --> 00:12:17,560 Speaker 3: based on your data use, so you know that extra 270 00:12:17,640 --> 00:12:21,600 Speaker 3: time on x or Instagram, you're actually costing yourself a 271 00:12:21,600 --> 00:12:23,880 Speaker 3: smidge of money, and it's an incentive for you to 272 00:12:23,880 --> 00:12:27,760 Speaker 3: put your phone down. Noble Mobile. We're also having offline 273 00:12:27,800 --> 00:12:30,840 Speaker 3: parties around the country for people to log off, touch 274 00:12:30,880 --> 00:12:33,120 Speaker 3: grass and come look at each other's faces. 275 00:12:33,360 --> 00:12:35,880 Speaker 1: I think I hear parents around the world rejoicing. 276 00:12:35,960 --> 00:12:36,800 Speaker 3: We use the phone to. 277 00:12:36,880 --> 00:12:39,520 Speaker 2: Vote, but don't use it to just doom scroll. 278 00:12:39,800 --> 00:12:43,000 Speaker 3: Yes. Look, I'm a heavy phone user and I got 279 00:12:43,000 --> 00:12:44,719 Speaker 3: money back from Noble, so you know if I get 280 00:12:44,760 --> 00:12:49,920 Speaker 3: money back, anyone will. But I think it's necessary to operate. 281 00:12:50,360 --> 00:12:52,240 Speaker 3: But I also know there's such thing as too much 282 00:12:52,280 --> 00:12:54,480 Speaker 3: of a good thing, and like and have I gotten 283 00:12:54,520 --> 00:12:57,360 Speaker 3: anxious or depressed based upon staring at the screen for 284 00:12:57,360 --> 00:12:58,600 Speaker 3: too long? One hundred percent? Yes. 285 00:12:58,640 --> 00:13:00,760 Speaker 2: Can you take us into the relationship that you have 286 00:13:00,880 --> 00:13:04,840 Speaker 2: with T Mobile. It's an MVNO multiple more mobile virtual 287 00:13:04,840 --> 00:13:09,920 Speaker 2: network operator and it's like a mid mobile for example. 288 00:13:09,920 --> 00:13:14,280 Speaker 2: They're the rise of these independent They lease the spectrum 289 00:13:14,440 --> 00:13:18,720 Speaker 2: at least from a traditional operator. How does that relationship work. 290 00:13:18,760 --> 00:13:21,640 Speaker 3: Love the question. So we went out to the folks 291 00:13:21,920 --> 00:13:24,240 Speaker 3: at T Mobile and said, hey, we'd love to make 292 00:13:24,320 --> 00:13:27,040 Speaker 3: data available to the American people a closer to true cost, 293 00:13:27,360 --> 00:13:29,640 Speaker 3: like Mark Cuban did with generic drugs and cost plus 294 00:13:29,720 --> 00:13:33,440 Speaker 3: drugs and T Mobile. Because they're actually innovative, they thought, 295 00:13:33,480 --> 00:13:36,240 Speaker 3: you know what, we're actually going to work with you 296 00:13:36,800 --> 00:13:38,600 Speaker 3: to make this possible because it's going to be good 297 00:13:38,600 --> 00:13:44,000 Speaker 3: for consumers. And they liked the better relationship with technology angle, 298 00:13:44,440 --> 00:13:48,160 Speaker 3: and so they have lent us or leased us spectrum 299 00:13:48,400 --> 00:13:51,120 Speaker 3: or data that we can then sell to the American 300 00:13:51,160 --> 00:13:55,240 Speaker 3: people at much closer to true value. Because if you 301 00:13:55,240 --> 00:13:57,400 Speaker 3: think about it, why are Americans spending eighty three a 302 00:13:57,400 --> 00:14:00,079 Speaker 3: month on our wireless when Europeans are spending forty. I 303 00:14:00,120 --> 00:14:02,160 Speaker 3: had a friend who worked in London. He came back 304 00:14:02,200 --> 00:14:04,600 Speaker 3: and got sticker shock when he went to the wireless store. 305 00:14:04,960 --> 00:14:07,000 Speaker 3: And when you reflect on why that is, we all 306 00:14:07,000 --> 00:14:09,520 Speaker 3: know why that is. It's because you have carriers that 307 00:14:09,559 --> 00:14:12,960 Speaker 3: are paying twenty billion dollars in dividends and raising prices 308 00:14:13,000 --> 00:14:15,239 Speaker 3: while not actually investing in their networks. 309 00:14:15,559 --> 00:14:18,120 Speaker 1: What are your expectations in terms of ramp up and 310 00:14:18,320 --> 00:14:19,160 Speaker 1: folks signing on. 311 00:14:20,200 --> 00:14:23,520 Speaker 3: We've already doubled some of our early projections. People are 312 00:14:23,520 --> 00:14:26,400 Speaker 3: responding very well to the Noble Mobile brand and mission. 313 00:14:26,560 --> 00:14:28,560 Speaker 3: Because nine out of ten of us, and I'll use 314 00:14:28,560 --> 00:14:30,760 Speaker 3: myself as an example, listeners will be able to relate 315 00:14:30,760 --> 00:14:32,280 Speaker 3: to this. I was spending one hundred and forty a 316 00:14:32,320 --> 00:14:36,000 Speaker 3: month on Verizon for years. I've been a Verizon customer 317 00:14:36,000 --> 00:14:39,200 Speaker 3: for twenty five years. Never questioned it. I joined Verison 318 00:14:39,240 --> 00:14:42,240 Speaker 3: because they had the best network, and then I looked 319 00:14:42,320 --> 00:14:44,000 Speaker 3: up in years it passed and I was like, wait, 320 00:14:44,040 --> 00:14:46,080 Speaker 3: what am I paying for? So now I took my 321 00:14:46,120 --> 00:14:48,280 Speaker 3: bill from one hundred and forty to forty six or 322 00:14:48,320 --> 00:14:52,240 Speaker 3: so and everything works better than ever. So that's the 323 00:14:52,280 --> 00:14:55,520 Speaker 3: kind of experience people respond to as soon as their 324 00:14:55,520 --> 00:14:57,360 Speaker 3: friend tells them, Yo, I've done this and it's real. 325 00:14:57,560 --> 00:14:59,800 Speaker 1: Sony, tell us how many people are like signed on? 326 00:15:00,600 --> 00:15:03,120 Speaker 3: We're growing every hour. Let's put it that way. 327 00:15:03,320 --> 00:15:04,000 Speaker 1: Okay, can I. 328 00:15:03,920 --> 00:15:06,480 Speaker 2: Blow up your your experience with the MVN, Now you. 329 00:15:06,480 --> 00:15:07,160 Speaker 1: Can blow me up? 330 00:15:07,200 --> 00:15:08,640 Speaker 3: Okay, so do it. So. 331 00:15:08,800 --> 00:15:10,400 Speaker 2: Carol and I have spent a lot of years together. 332 00:15:10,520 --> 00:15:14,000 Speaker 2: We talk about everything, including cell phone plans, and a 333 00:15:14,040 --> 00:15:15,680 Speaker 2: few years ago she decided to move away from the 334 00:15:16,000 --> 00:15:19,560 Speaker 2: big carriers, sign up for MVN. No, it didn't work. 335 00:15:19,800 --> 00:15:22,240 Speaker 1: We ran out of data and how do you get 336 00:15:22,320 --> 00:15:23,320 Speaker 1: pretty mess and. 337 00:15:23,280 --> 00:15:25,520 Speaker 2: Did you get throttled too? So like your data would 338 00:15:25,520 --> 00:15:25,840 Speaker 2: be slow? 339 00:15:25,840 --> 00:15:28,960 Speaker 1: They were very slow, and we were myself and my 340 00:15:29,040 --> 00:15:30,680 Speaker 1: daughter were complaining to my husband, He's like, I don't 341 00:15:30,680 --> 00:15:32,360 Speaker 1: know what your problem is and then it hit him 342 00:15:32,360 --> 00:15:33,720 Speaker 1: and he's and we were not happy. 343 00:15:33,800 --> 00:15:37,160 Speaker 3: I am begging you to try Noble Mobile because I 344 00:15:37,240 --> 00:15:40,240 Speaker 3: see the data throughputs and we do not slow it down. 345 00:15:40,360 --> 00:15:45,200 Speaker 3: It's truly unlimited. If you give us fifty dollars that month, 346 00:15:45,360 --> 00:15:48,000 Speaker 3: unlimited all you can eat data as fast as you 347 00:15:48,040 --> 00:15:48,440 Speaker 3: can find. 348 00:15:48,560 --> 00:15:50,320 Speaker 2: So why can you do that? But T Mobile can 349 00:15:50,360 --> 00:15:52,080 Speaker 2: offer that, or Verizon can off for that, or AT 350 00:15:52,120 --> 00:15:52,840 Speaker 2: and T can out for that. 351 00:15:54,400 --> 00:15:55,720 Speaker 3: I mean you'd have to talk to some of those 352 00:15:55,760 --> 00:15:56,520 Speaker 3: other companies. 353 00:15:58,600 --> 00:16:00,480 Speaker 2: You're literally using T mobile speck drum. 354 00:16:00,680 --> 00:16:00,880 Speaker 1: You know. 355 00:16:01,040 --> 00:16:03,600 Speaker 3: I actually it's a great question what it is. I'm 356 00:16:03,640 --> 00:16:06,880 Speaker 3: going to say, it's like it's a company approach. So 357 00:16:06,920 --> 00:16:11,080 Speaker 3: from our perspective, we're on a mission to delight consumers 358 00:16:11,240 --> 00:16:13,280 Speaker 3: and make sure we build a better product and a 359 00:16:13,320 --> 00:16:15,840 Speaker 3: better offering. And you know, it's not building a better 360 00:16:15,880 --> 00:16:18,360 Speaker 3: offering slowing you down at the end of the month 361 00:16:18,400 --> 00:16:22,240 Speaker 3: because you've gone through some arbitrary data cap it's truly unlimited. Uh, 362 00:16:22,280 --> 00:16:24,000 Speaker 3: and we can do this quite profitably. 363 00:16:24,240 --> 00:16:26,400 Speaker 1: Know we did. We're not on them anymore. 364 00:16:26,640 --> 00:16:30,400 Speaker 3: We switched back. I'm begging you to because your impulse 365 00:16:30,480 --> 00:16:33,040 Speaker 3: to look at it was light to check out. 366 00:16:33,480 --> 00:16:36,680 Speaker 1: Right over to the family, Andrew, and we'll discuss it. 367 00:16:38,000 --> 00:16:39,800 Speaker 3: What are the I will say, I'll give you our 368 00:16:39,880 --> 00:16:43,600 Speaker 3: list for free for a year, accept, Carol. 369 00:16:43,720 --> 00:16:45,160 Speaker 1: Have you met Bloomberg? We don't do that. 370 00:16:45,360 --> 00:16:47,000 Speaker 3: Yeah, no, you guys. You guys are very buttoned up. 371 00:16:47,000 --> 00:16:50,120 Speaker 3: It's true. I apologize seriously. 372 00:16:50,240 --> 00:16:51,600 Speaker 1: Just got a minute left here, and I want to 373 00:16:51,600 --> 00:16:55,280 Speaker 1: go back to politics. The implications of kind of our 374 00:16:55,320 --> 00:16:57,560 Speaker 1: political world right now. I don't want to point fingers 375 00:16:57,640 --> 00:17:01,640 Speaker 1: or anything. We were divided and we had a democratic president. 376 00:17:01,760 --> 00:17:05,879 Speaker 1: We've been divided with a Republican president. What are the 377 00:17:05,920 --> 00:17:08,240 Speaker 1: implications of this and do we find a way out 378 00:17:08,280 --> 00:17:08,840 Speaker 1: of it? Now? 379 00:17:08,920 --> 00:17:12,119 Speaker 3: The polarization's getting worse and worse. The shutdown is an 380 00:17:12,160 --> 00:17:14,800 Speaker 3: emblem of that. I looked at the numbers and the 381 00:17:14,800 --> 00:17:18,320 Speaker 3: trends aren't good. And so really the question is, how 382 00:17:18,359 --> 00:17:20,360 Speaker 3: do we get out of this, and it's a very 383 00:17:20,480 --> 00:17:23,200 Speaker 3: very short list of things that could happen. Number one 384 00:17:23,240 --> 00:17:26,760 Speaker 3: would be a miraculous restoration of one party or the 385 00:17:26,800 --> 00:17:28,879 Speaker 3: other to some degree of common sense, which if you 386 00:17:28,880 --> 00:17:31,080 Speaker 3: look at it doesn't seem like it's in the offing. 387 00:17:31,520 --> 00:17:35,120 Speaker 3: And then number two is that fifty percent of Americans 388 00:17:35,160 --> 00:17:37,719 Speaker 3: who self identifies independents raise their hands and say, you 389 00:17:37,720 --> 00:17:40,320 Speaker 3: know what, I want something new, I want something different, 390 00:17:40,720 --> 00:17:43,800 Speaker 3: and it's America. We can build it. Mike Bloomberg, you 391 00:17:43,800 --> 00:17:46,840 Speaker 3: would be our patron saints. I'm on your airwaves right now. 392 00:17:48,280 --> 00:17:53,359 Speaker 1: Michael Bloomberg, of course, the founder and head of Bloomberg LP, 393 00:17:53,960 --> 00:17:57,400 Speaker 1: home of Bloomberg TV and Radio and Bloomberg Philanthropies. Andrew Yang, 394 00:17:57,560 --> 00:18:00,200 Speaker 1: when you're ready to announce what's next next? 395 00:18:01,119 --> 00:18:03,879 Speaker 3: Oh well, I appreciate that. I really really want you 396 00:18:03,920 --> 00:18:06,120 Speaker 3: to try a noble bowl because you have the right 397 00:18:06,560 --> 00:18:10,120 Speaker 3: impulse and someone did you wrong. We'll do it right.