1 00:00:03,080 --> 00:00:07,640 Speaker 1: Broadcasting live to New York Gloomberg eleventh to Washington, d C. 2 00:00:07,880 --> 00:00:13,119 Speaker 1: Bloomber to Boston, Bloomberg twelve hundreds to San Francisco, Bloomberg 3 00:00:14,000 --> 00:00:17,760 Speaker 1: to the Country Series Exam Channel one, and around the 4 00:00:17,800 --> 00:00:21,400 Speaker 1: globe the Bloomberg Radio Plus Appen Bloomberg dot Com. This 5 00:00:21,680 --> 00:00:25,479 Speaker 1: is Bloomberg Surveillance. Good morning. It is eight thirty on 6 00:00:25,560 --> 00:00:28,720 Speaker 1: Wall Street. I Michael McKee along with Tom Keene Economic 7 00:00:28,720 --> 00:00:31,800 Speaker 1: indicators brought to by Commonwealth Financial Network. When it's time 8 00:00:31,840 --> 00:00:34,120 Speaker 1: to change the conversation, talk with a broker dealer r 9 00:00:34,159 --> 00:00:36,519 Speaker 1: I A that's ready to listen called eight six six 10 00:00:36,840 --> 00:00:39,640 Speaker 1: six two three six three eight. Visit Commonwealth dot com 11 00:00:39,720 --> 00:00:43,839 Speaker 1: to learn more. No economic numbers of note. But we 12 00:00:43,880 --> 00:00:46,920 Speaker 1: are getting auto sales today and Fiat Chrysler is the 13 00:00:46,960 --> 00:00:49,240 Speaker 1: first out of the box as always. April U s 14 00:00:49,280 --> 00:00:52,560 Speaker 1: auto sales for Fiat Chrysler up five point six percent. 15 00:00:53,040 --> 00:00:57,320 Speaker 1: The forecast was for a four point three percent increase, 16 00:00:57,480 --> 00:01:03,160 Speaker 1: so Krysler comes in better than forecast. Very good. This 17 00:01:03,240 --> 00:01:06,880 Speaker 1: is exciting. Right now, A Stepford wife is walked into 18 00:01:06,920 --> 00:01:11,840 Speaker 1: the studio bonus. She's wearing a Northwestern University varsity jacket 19 00:01:12,280 --> 00:01:17,200 Speaker 1: triple Bonus Cadell joins us. She's former Miss America, Miss Illinois, 20 00:01:17,240 --> 00:01:19,520 Speaker 1: but far more importantly, is one of the few people. 21 00:01:19,920 --> 00:01:24,160 Speaker 1: They don't talk they do They actually act and represent actors, 22 00:01:24,440 --> 00:01:27,920 Speaker 1: which is a rare and beautiful thing. You've got the 23 00:01:28,000 --> 00:01:33,119 Speaker 1: actual experience of rejection and success to go with moving uh, 24 00:01:33,160 --> 00:01:36,680 Speaker 1: the actor's equity gold forward. That's especially tell us about 25 00:01:36,680 --> 00:01:39,600 Speaker 1: the Tony Awards, Well, they're the Tony Awards this year. 26 00:01:39,600 --> 00:01:42,600 Speaker 1: I think the conventional wisdom is that it looks like 27 00:01:42,600 --> 00:01:45,640 Speaker 1: it's going to be all about Hamilton's um But it 28 00:01:45,720 --> 00:01:48,360 Speaker 1: is a really strong season and I think that the 29 00:01:48,440 --> 00:01:51,600 Speaker 1: things that the thing that people don't necessarily recognize about 30 00:01:51,720 --> 00:01:54,600 Speaker 1: Tony Awards is that even the nominations have the power 31 00:01:54,680 --> 00:01:57,640 Speaker 1: to close a show. So you've got dozens, if not 32 00:01:57,800 --> 00:02:00,440 Speaker 1: hundreds of people who are hoping that there's show gets 33 00:02:00,440 --> 00:02:03,360 Speaker 1: nominated so that they don't lose their job. What is 34 00:02:03,400 --> 00:02:06,040 Speaker 1: the state of the industry right house? We go to 35 00:02:06,080 --> 00:02:09,840 Speaker 1: the nominations here in a few moments. The tours wallet 36 00:02:09,919 --> 00:02:13,240 Speaker 1: that I see living in Midtown is huge. But is 37 00:02:13,280 --> 00:02:17,080 Speaker 1: it all going to pre formulated musicals like the Disney 38 00:02:17,080 --> 00:02:21,040 Speaker 1: product and that or can drama do well given a 39 00:02:21,080 --> 00:02:23,919 Speaker 1: new Broadway. It can. Actually, you know, the state of 40 00:02:23,960 --> 00:02:27,440 Speaker 1: Broadway is pretty healthy, um, and there's there are lots 41 00:02:27,440 --> 00:02:30,160 Speaker 1: of different kinds of audience members who want different types 42 00:02:30,160 --> 00:02:32,880 Speaker 1: of things. Some people love jukebox musicals and some people 43 00:02:33,000 --> 00:02:35,880 Speaker 1: want the new and adventurous dramas. So there's really room 44 00:02:35,919 --> 00:02:37,720 Speaker 1: for everything as far as I'm concerned. All Right, the 45 00:02:37,720 --> 00:02:39,919 Speaker 1: big question, and we'll put you on record, is making 46 00:02:39,960 --> 00:02:45,799 Speaker 1: a prediction here. The producers got fifteen nominations, one twelve Tony's. 47 00:02:46,400 --> 00:02:51,280 Speaker 1: Can Hamilton's beat that record? I think it's going to 48 00:02:51,360 --> 00:02:53,799 Speaker 1: be hard for anybody to beat that record. But if 49 00:02:53,800 --> 00:02:57,400 Speaker 1: the nominators think that it's worthy, it's just a really 50 00:02:57,480 --> 00:03:00,440 Speaker 1: really it's a very full season. There were a lot 51 00:03:00,480 --> 00:03:03,200 Speaker 1: of well reviewed shows, so well, there's an important question. 52 00:03:03,320 --> 00:03:06,040 Speaker 1: Let me interrupt here. Just because the show is sold 53 00:03:06,080 --> 00:03:08,720 Speaker 1: out constantly and you cannot buy tickets to Hamilton's right now, 54 00:03:08,760 --> 00:03:11,760 Speaker 1: they're not even selling them there so far out in advance, 55 00:03:12,280 --> 00:03:15,760 Speaker 1: that doesn't necessarily mean it's the best show on Broadway. 56 00:03:16,160 --> 00:03:21,760 Speaker 1: It's pretty good. I mean absolutely, there are other I mean, look, 57 00:03:21,800 --> 00:03:24,000 Speaker 1: I just saw the revival of Long Day's Journey and 58 00:03:24,040 --> 00:03:27,200 Speaker 1: Tonight the other night, and it was fantastic. Um. And 59 00:03:27,240 --> 00:03:31,200 Speaker 1: that is about as you know, far opposite from a 60 00:03:31,360 --> 00:03:33,440 Speaker 1: you know, sold out musical as you can get. It's 61 00:03:33,440 --> 00:03:38,680 Speaker 1: a really heady piece of theater. Um. But it was fantastic, 62 00:03:38,840 --> 00:03:41,240 Speaker 1: you know. So that there are a lot of different 63 00:03:41,320 --> 00:03:44,760 Speaker 1: kinds of great shows. It's interesting because you mentioned Long 64 00:03:44,840 --> 00:03:47,720 Speaker 1: Day's Journey, you got the Color Purple, You've got Spring Awaking. 65 00:03:48,520 --> 00:03:51,440 Speaker 1: This is a season of revivals shows that Tom and 66 00:03:51,480 --> 00:03:55,880 Speaker 1: I watched in our ut Yeah. But you know, the 67 00:03:55,920 --> 00:04:00,520 Speaker 1: Spring Awakening revival, for example, again very well reviewed, has 68 00:04:00,640 --> 00:04:03,360 Speaker 1: long since closed because it was a limited run. Um. 69 00:04:03,400 --> 00:04:05,520 Speaker 1: Everybody I know that saw it really loved it. And 70 00:04:05,560 --> 00:04:08,120 Speaker 1: the question is, well, the Tony nominators remember it. Remember 71 00:04:09,040 --> 00:04:12,040 Speaker 1: the location for the Tony Awards is so important. The nominations. 72 00:04:12,040 --> 00:04:14,800 Speaker 1: Do they come from the Paramount Hotel, which is iconic 73 00:04:14,880 --> 00:04:17,760 Speaker 1: in sriger I'm going to suggest thirty could have been 74 00:04:17,920 --> 00:04:22,360 Speaker 1: thirty seems like yesterday. What is the significance of Midtown 75 00:04:22,560 --> 00:04:26,560 Speaker 1: New York, the Paramount Hotel, the million excuse me, Mike 76 00:04:26,640 --> 00:04:29,919 Speaker 1: Keen Steakhouse, thank you, we got that in your What 77 00:04:30,000 --> 00:04:32,080 Speaker 1: does the vibrancy what does it mean to the New 78 00:04:32,160 --> 00:04:36,000 Speaker 1: York economy? It's huge. I mean, I agree with that, 79 00:04:36,040 --> 00:04:38,720 Speaker 1: but give us a number on that, you know, I don't. 80 00:04:39,000 --> 00:04:42,560 Speaker 1: I Let's Broadway had a I believe it's first billion 81 00:04:42,600 --> 00:04:46,200 Speaker 1: dollar season last year um in terms of gross revenue. 82 00:04:46,400 --> 00:04:49,120 Speaker 1: So that's just the money that people are spending on tickets, 83 00:04:49,480 --> 00:04:51,960 Speaker 1: not to mention the you know, the ancillary dollars the 84 00:04:52,080 --> 00:04:55,000 Speaker 1: tourists spend on parking and hotels, and I mean the 85 00:04:55,040 --> 00:04:58,320 Speaker 1: Broadway box, which is that the forty theaters that qualify 86 00:04:58,440 --> 00:05:02,279 Speaker 1: for these awards is a significant part of the midtown economy. 87 00:05:02,360 --> 00:05:04,680 Speaker 1: What's the linkage right now of Hollywood with Broadway? We 88 00:05:04,720 --> 00:05:07,280 Speaker 1: know that from Audrey Hepburn and you know, things years 89 00:05:07,279 --> 00:05:09,600 Speaker 1: ago and all that, But what is it right now? 90 00:05:09,720 --> 00:05:14,120 Speaker 1: Is Hollywood hang on every success of frankly, every good 91 00:05:14,160 --> 00:05:16,680 Speaker 1: show and even ones that fail. Well. I think that 92 00:05:16,680 --> 00:05:21,800 Speaker 1: the the Hollywood has been paying more attention since Broadway 93 00:05:21,880 --> 00:05:25,120 Speaker 1: musical started doing well as films again, you know, and 94 00:05:25,200 --> 00:05:27,719 Speaker 1: now we're looking at Broadway musicals that are produced live 95 00:05:28,080 --> 00:05:31,440 Speaker 1: with a live audience, and and the NBC projects have 96 00:05:31,480 --> 00:05:34,120 Speaker 1: been evolving, and the Fox projects have now started. They 97 00:05:34,120 --> 00:05:36,720 Speaker 1: did Grease that was a big success. It looks like 98 00:05:36,760 --> 00:05:39,120 Speaker 1: when NBC does Hairspray, which is their next show. They're 99 00:05:39,120 --> 00:05:40,960 Speaker 1: going to put a live audience into theirs for the 100 00:05:40,960 --> 00:05:44,680 Speaker 1: first time. So um, my opinion is, Hollywood seems to 101 00:05:44,680 --> 00:05:46,880 Speaker 1: pay attention to anything that someone thinks will make money. 102 00:05:47,200 --> 00:05:50,760 Speaker 1: And when Broadway musicals started not only making money, but 103 00:05:50,839 --> 00:05:56,240 Speaker 1: then as films, but then having the films start to 104 00:05:56,800 --> 00:05:59,320 Speaker 1: boost the box office of the Broadway show like the 105 00:05:59,400 --> 00:06:03,160 Speaker 1: Chicago Movie, then Hollywood started paying closer attention. I believe 106 00:06:04,279 --> 00:06:08,960 Speaker 1: she is uh more than qualified uh with with uh 107 00:06:09,000 --> 00:06:14,159 Speaker 1: an interesting and very Broadway career. Most importantly, she is 108 00:06:14,200 --> 00:06:18,320 Speaker 1: with the Equity Guild, the Actor's Equity Guild. This in 109 00:06:18,360 --> 00:06:21,839 Speaker 1: preparation for the Tony Awards. For some of you worldwide, 110 00:06:21,839 --> 00:06:25,039 Speaker 1: you're like, oh, okay. In New York, this is a 111 00:06:25,160 --> 00:06:29,640 Speaker 1: huge deal, a vibrant part of the economy and electrified 112 00:06:29,680 --> 00:06:33,960 Speaker 1: this year with the success people watch the Tony's um 113 00:06:34,680 --> 00:06:37,799 Speaker 1: Right Entertainment on the on the on the Awards show, 114 00:06:37,839 --> 00:06:41,120 Speaker 1: so they want to know who gets. They want to 115 00:06:41,160 --> 00:06:44,080 Speaker 1: know who gets nominated. The big question will count up 116 00:06:44,080 --> 00:06:47,360 Speaker 1: how many Hamilton's gets, whether they can beat the record 117 00:06:47,400 --> 00:06:51,120 Speaker 1: from the producers Carol Manser and uh Corey Johnson. Of course, 118 00:06:51,120 --> 00:06:54,960 Speaker 1: will be at the Paramount Hotel. Uh with some of 119 00:06:55,000 --> 00:06:58,080 Speaker 1: the people on the Tony Awards, and we'll look for 120 00:06:58,080 --> 00:07:01,160 Speaker 1: that as well. Today again to the markets, futures negative 121 00:07:01,160 --> 00:07:07,160 Speaker 1: fifteen down, futures negative. Quite a day within the currency markets. 122 00:07:07,160 --> 00:07:10,600 Speaker 1: I'm gonna call it some stability right now versus what 123 00:07:10,680 --> 00:07:15,600 Speaker 1: we saw three hours ago. Uh So we're doing two 124 00:07:15,640 --> 00:07:19,400 Speaker 1: things right now. We're watching the market movements and the 125 00:07:19,480 --> 00:07:23,720 Speaker 1: calmness after a huge generations three hours ago, and also 126 00:07:23,800 --> 00:07:26,880 Speaker 1: looking for the Tony Awards were hoped to go to Nicki, 127 00:07:26,960 --> 00:07:30,440 Speaker 1: James and Andy Reynolds. Uh is they look towards making 128 00:07:30,440 --> 00:07:34,720 Speaker 1: the nominations and again widely anticipated. All eyes are on Hamilton's, 129 00:07:34,800 --> 00:07:37,600 Speaker 1: is is me, Mike? Have you seen Hamilton's No, I 130 00:07:37,680 --> 00:07:41,000 Speaker 1: have not. But Kate's gonna take us right. She's gonna 131 00:07:41,040 --> 00:07:43,920 Speaker 1: get us tickets. I mean, this is what always said yesterday. Well, 132 00:07:43,960 --> 00:07:48,000 Speaker 1: as long as she show you can't get a ticket, 133 00:07:48,200 --> 00:07:51,880 Speaker 1: it's hard. The other day and they're not even selling them, 134 00:07:51,920 --> 00:07:54,640 Speaker 1: as I mentioned, you know, they say they will, you know, 135 00:07:54,720 --> 00:07:57,520 Speaker 1: send you an email if you want when they're ready 136 00:07:57,560 --> 00:07:59,600 Speaker 1: to put tickets on sale again. Although they do do 137 00:07:59,760 --> 00:08:02,800 Speaker 1: a pottery every day, there's correct tickets they put out 138 00:08:03,040 --> 00:08:06,480 Speaker 1: and I actually, yeah, I actually knew somebody who won 139 00:08:06,520 --> 00:08:10,000 Speaker 1: the first time they tried. Kid talk about hating that person. 140 00:08:11,520 --> 00:08:15,360 Speaker 1: How important is a Tony to an actor or actress 141 00:08:15,760 --> 00:08:18,320 Speaker 1: compared to winning an Oscar or something like that. It 142 00:08:18,440 --> 00:08:21,320 Speaker 1: definitely makes a difference. I mean it. It's the kind 143 00:08:21,320 --> 00:08:23,840 Speaker 1: of thing that can really allow you to command a 144 00:08:23,920 --> 00:08:27,000 Speaker 1: different salary level. For example, some actors will have Tony 145 00:08:27,040 --> 00:08:29,320 Speaker 1: bumps built into their contracts so that if they win, 146 00:08:29,360 --> 00:08:33,040 Speaker 1: they automatically get a raise. But it puts you in 147 00:08:33,080 --> 00:08:35,480 Speaker 1: a different category of actor once you win a Tony, 148 00:08:35,559 --> 00:08:38,320 Speaker 1: So it changes your career. It changes your life for 149 00:08:38,360 --> 00:08:41,440 Speaker 1: a lot of people. Ms Tyson is nominated. This is 150 00:08:41,679 --> 00:08:46,439 Speaker 1: I don't know if she is yet. She couldn't be running. Yeah, 151 00:08:46,679 --> 00:08:50,320 Speaker 1: this is exciting. I mean, tell us a little bit 152 00:08:50,360 --> 00:08:54,840 Speaker 1: about her reverse if you will. Well, she was in 153 00:08:54,840 --> 00:08:57,640 Speaker 1: the Gin Game with James Earl Jones, and you know 154 00:08:57,679 --> 00:09:00,319 Speaker 1: it was it was amazing to watch those two acts 155 00:09:00,440 --> 00:09:04,560 Speaker 1: performed together in that play. I mean, both of them 156 00:09:04,600 --> 00:09:08,600 Speaker 1: are really iconic, so I think that that was extremely 157 00:09:08,640 --> 00:09:12,040 Speaker 1: exciting for anyone who's a fan of Broadway. End of hers. 158 00:09:12,200 --> 00:09:15,640 Speaker 1: But you can actually see your icons live on stage. 159 00:09:15,640 --> 00:09:17,720 Speaker 1: In front of you. Might we point out that she's 160 00:09:17,760 --> 00:09:21,520 Speaker 1: well preserved at old. She looks pretty darn good, doesn't she. Yeah, 161 00:09:22,360 --> 00:09:25,839 Speaker 1: and eight shows a week is not easy and healthy. 162 00:09:25,840 --> 00:09:27,920 Speaker 1: I mean, let's review this. It's I mean, I guess, 163 00:09:27,960 --> 00:09:29,720 Speaker 1: I guess. Game of Thrones is hard to shoot and 164 00:09:29,720 --> 00:09:32,200 Speaker 1: people get sweaty. Game of Thrones is a walk in 165 00:09:32,240 --> 00:09:36,360 Speaker 1: the park compared to grinding out eight shows a week. 166 00:09:36,840 --> 00:09:39,400 Speaker 1: You've got one of your kids has a headache, somebody 167 00:09:39,400 --> 00:09:42,720 Speaker 1: needs money in Topeka, and you're think you got strep 168 00:09:42,880 --> 00:09:45,439 Speaker 1: throat coming on. And that's what you guys do, I mean, 169 00:09:45,440 --> 00:09:48,360 Speaker 1: you was a working pro. No that I mean, it's 170 00:09:48,400 --> 00:09:51,120 Speaker 1: not it's not the seventh show or the fourth show. 171 00:09:51,440 --> 00:09:52,719 Speaker 1: You don't know which one is going to be a 172 00:09:52,720 --> 00:09:55,680 Speaker 1: struggle to get through. No, absolutely not. And and I 173 00:09:55,720 --> 00:09:57,960 Speaker 1: think that that's one of the big misconceptions is that, 174 00:09:58,480 --> 00:10:00,960 Speaker 1: you know, when our members are the sequity members go 175 00:10:01,040 --> 00:10:03,960 Speaker 1: to work. UM, to the audience, it looks like fun 176 00:10:04,080 --> 00:10:06,079 Speaker 1: and on stage, I mean, you know, for for a 177 00:10:06,160 --> 00:10:09,320 Speaker 1: heavy drama, maybe not so much. But for these new musicals, UM, 178 00:10:09,400 --> 00:10:11,760 Speaker 1: the audience thinks, Wow, that looks like fun up there. 179 00:10:11,800 --> 00:10:15,719 Speaker 1: What a party? And for our members it's a difficult 180 00:10:15,800 --> 00:10:19,160 Speaker 1: slog and sometimes there are some days you just think, oh, 181 00:10:19,200 --> 00:10:21,600 Speaker 1: I've got to go to work, and you are reminded 182 00:10:21,640 --> 00:10:23,320 Speaker 1: that it's a job and not just a you know, 183 00:10:23,480 --> 00:10:26,000 Speaker 1: eight times a week party. What was the magic at 184 00:10:26,040 --> 00:10:28,199 Speaker 1: Northwestern when you were there? To Pixie? Doesn't mean it's 185 00:10:28,240 --> 00:10:31,440 Speaker 1: and Margaret from a million years ago, but you were there. 186 00:10:31,640 --> 00:10:37,400 Speaker 1: You mean you entered when you were eleven years old. Um, 187 00:10:37,440 --> 00:10:40,800 Speaker 1: I got there when I was seventeen, and I would 188 00:10:40,840 --> 00:10:43,280 Speaker 1: say that like Heather Headley was a year ahead of me. 189 00:10:43,400 --> 00:10:46,360 Speaker 1: She's wonder she's coming back to Broadway in the color purple. Um. 190 00:10:46,360 --> 00:10:51,920 Speaker 1: Brian Darcy James, who was very cool. Yeah, fantastic actors. Uh. Um. 191 00:10:52,040 --> 00:10:56,000 Speaker 1: David Swimmer had left sort of recently. Zach Braffa graduated recently. 192 00:10:56,000 --> 00:10:58,000 Speaker 1: So there were some pretty So what do you say 193 00:10:58,040 --> 00:10:59,880 Speaker 1: to the kids today in the day of did you 194 00:11:00,080 --> 00:11:02,760 Speaker 1: roll and everybody digital up? Do you say to them 195 00:11:02,760 --> 00:11:05,440 Speaker 1: go up to the Williams Summer program at Williams College 196 00:11:05,520 --> 00:11:08,280 Speaker 1: or do this? Do this? What's the advice to parents 197 00:11:08,360 --> 00:11:11,360 Speaker 1: listening who've got kids that go I want to be 198 00:11:11,440 --> 00:11:15,120 Speaker 1: like whoever? Um, parents whose kids want to