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Speaker 1: This is Bloomberg Business Week from Bloomberg Radio. I'm Jason

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Speaker 1: Kelly and I'm Carol Master. Welcome to the Bloomberg Business

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Speaker 1: Week Extra. It is our weekly podcast. It's when we

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Speaker 1: bring you an in depth interview you will not hear

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Speaker 1: anywhere else. And this week it's a double shot, if

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Speaker 1: you will. We caught up with two folks in the

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Speaker 1: alcohol business, the Boost business, Lindsay Andrews, CEO and founder

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Speaker 1: of Mini Bar. They are literally delivering alcohol to your door.

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Speaker 1: Business is booming, to say the least. And John Jordan

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Speaker 1: of Jordan's Winery, well known in the wine business. You

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Speaker 1: turned me onto it years ago, Carol. It's delicious. We

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Speaker 1: got to sample some remotely, but also getting in touch

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Speaker 1: with him and getting up to speed on some of

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Speaker 1: the things he's doing for his community out there in

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Speaker 1: northern California. Well, if you think about the wine industry, Jason,

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Speaker 1: just over the last couple of years, between fires and

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Speaker 1: droughts and then of course now the coronavirus, they have

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Speaker 1: really been impacted pretty hard. And what I loved about

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Speaker 1: him he is thinking about their supply Hi chain. They

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Speaker 1: work with a lot of restaurants, so he's thinking about

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Speaker 1: how can we help the community and keep it going

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Speaker 1: and make sure it's vital on the other side of

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Speaker 1: the virus. Here's more from both of them. Yeah, I

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Speaker 1: think we could all use a drink, no doubt about it. Man.

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Speaker 1: And I've got to say I've seen more tweets about

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Speaker 1: alcohol than I can keep track of during this health crisis.

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Speaker 1: And let's not forget some liquor stores, right, They've been

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Speaker 1: deemed essential in this lockdown. All right, So let's get

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Speaker 1: into that with Lindsay Andrews, co founder and chief executive

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Speaker 1: officer at Minibar Delivery, on the phone from Long Island. Lindsay,

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Speaker 1: thank you for joining us. First of all, I gotta

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Speaker 1: say I wasn't familiar with your business. Oh I am Carol,

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Speaker 1: catch up. So tell me. I don't know. I'm still

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Speaker 1: a little traditional and when I buy my wine. Um,

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Speaker 1: So tell me about what you guys are doing, and

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Speaker 1: tell me about the activity level that you've seen since

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Speaker 1: we've all been in lockdown. Yeah. So many Bar Delivery

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Speaker 1: is the best way to shop for wine, spirits and

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Speaker 1: beer online, sweep a web I in iOS and android app,

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Speaker 1: and we connect consumers to local liquor stores. So you

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Speaker 1: put in your delivery address. You see what the local

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Speaker 1: stores around you have ad to Karte check out seamlessly,

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Speaker 1: I'm any bar. The stores alerted, they pickpack and deliver. UM.

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Speaker 1: So we're in you know, about fifty cities across the US.

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Speaker 1: But we have seen explosive growth in the past couple

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Speaker 1: of weeks since um Trump announced the lockdown. So new

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Speaker 1: buyers are up five hundred and twenty five percent UM,

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Speaker 1: the sales are up a hundred and thirty eight percent,

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Speaker 1: and we've even seen sales growing from the March post

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Speaker 1: Corona to like the first couple of days of April.

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Speaker 1: So it's still growing and still increasing as people have

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Speaker 1: been you know, hopefully sheltering at home, hopefully isolating, but

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Speaker 1: hopefully still you know, finding a reason to celebrate or

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Speaker 1: having a Zoom call with friends to That's the other thing.

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Speaker 1: Like even our own Charlie Valmer, who is responsible for

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Speaker 1: making us all works you know, on a tech technology level,

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Speaker 1: technological level. I think that first week we were all

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Speaker 1: homes like, hey, we're doing a Zoom cocktail hour. Can

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Speaker 1: you do you want to have a Zoom team here? UM,

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Speaker 1: So what are you seeing in terms of what people

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Speaker 1: are drinking. Lindsay, take us into the numbers here. Yeah,

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Speaker 1: so you know, mostly the top brands have stayed at

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Speaker 1: the top, but what we've seen is oddly Corona Beer

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Speaker 1: has um snuck into one of our top three beers.

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Speaker 1: I'm not there before. UM, So I think I don't

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Speaker 1: know if people are doing it ironically, but probably Corona

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Speaker 1: has kind of risen in popularity. And then we've also seen, um,

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Speaker 1: there's been a decrease in sales and champagne and sparkling.

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Speaker 1: I think, you know, it's not the most celebratory time,

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Speaker 1: so people are drinking, and we have seen kind of

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Speaker 1: wine stay steady. Liquor has actually increased. As a person,

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Speaker 1: I was going to say that the hard stuff has

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Speaker 1: really increased. It is, it has increased, um, and beer

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Speaker 1: has decreased. And even I've found with my own personal

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Speaker 1: you know, I generally drink white wine, but now that

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Speaker 1: I'm at home, i'm not going out, I've tried to

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Speaker 1: mix it up and make cocktails, you know, um and

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Speaker 1: apperall sprits here, a spicy margarita there. So I've definitely

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Speaker 1: been mixing it up myself. So I think people are

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Speaker 1: doing that and trying new things, much like they're doing

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Speaker 1: with cooking, trying all these new things. You see, you know,

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Speaker 1: the sale of yeast for making bread his skyrocketed. I

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Speaker 1: think people are just trying new things and have the

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Speaker 1: time to you know, experiment, which is I've been trying

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Speaker 1: to buy flour for weeks and I can't get it. Well,

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Speaker 1: I have to say we we hoarded a little bit

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Speaker 1: of flower. My wife has an unbelievable baker. She comes

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Speaker 1: by naturally um and so we're having to do a

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Speaker 1: lot of like outdoor exercise when we can, and like

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Speaker 1: you know, get on the peloton to sort of counter

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Speaker 1: all of the good baking that's being done. In my

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Speaker 1: fifteen year ALLLD doing doing a lot of that as well,

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Speaker 1: you know, Lindsay. One of the reasons, one of the

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Speaker 1: several reasons I was excited to talk to you, is

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Speaker 1: you know, you understand the world of e commerce. You

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Speaker 1: worked at WAG, You have a lot of background in

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Speaker 1: sort of this this new world we're living in Fresh

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Speaker 1: Direct I believe you worked at as well, So I

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Speaker 1: mean you understand this sort of new world we're living in.

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Speaker 1: And I do wonder what's what's temporary and what's permanent

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Speaker 1: when it comes to how we are acquiring things as

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Speaker 1: as consumers, what do you see lasting when life gets

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Speaker 1: back to something resembling normal. Well, I think kind of

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Speaker 1: alcohol e commerce had definitely lagged other sectors and penetration,

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Speaker 1: and I think, you know, people just didn't know that

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Speaker 1: they could press about and then get their alcohol delivered,

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Speaker 1: much like their groceries or you know, an uber car

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Speaker 1: or whatnot. Um So, now that you know, I think

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Speaker 1: tons of people now know that they can get alcohol delivered,

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Speaker 1: and they didn't know that before. So I think people

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Speaker 1: will change their buying habits and start. I mean, it's

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Speaker 1: you don't Tito's is a heavy, bulky consumable. It doesn't

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Speaker 1: matter what store comes from. So it's very easy to

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Speaker 1: buy online, whereas you might care where you're you know,

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Speaker 1: Tacos or Burger Thai food comes from. You know it consumable,

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Speaker 1: it's a commodity. It doesn't actually matter the store. All right,

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Speaker 1: I've been distracted because I've been on your website and

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Speaker 1: so I'm in there and I'm checking around. Um but

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Speaker 1: but a window pops up. We're experiencing a surgeon demand.

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Speaker 1: It's no different when I go and try to buy

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Speaker 1: groceries and I can't find a delivery slot. So if

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Speaker 1: somebody goes online, um, can they get it in a

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Speaker 1: couple of days? Is it a week? Like? What are

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Speaker 1: we talking now? At this point? Our normal UM, we

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Speaker 1: usually deliver in thirty to sixty minutes UM. The stores

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Speaker 1: have experienced a massive surge in deliveries, so now you know,

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Speaker 1: our orders are running a little bit late, so it's

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Speaker 1: more it's going to be delivered in like two to

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Speaker 1: four hours UM. And it's definitely better since we're all

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Speaker 1: at home anyway, Fresh Direct and tell them how you're

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Speaker 1: doing that, could you just please um, Well they have

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Speaker 1: a they have a very common um. But so yes.

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Speaker 1: So we're definitely running a little bit behind because the

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Speaker 1: massive surge and orders, and our customer service staff has

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Speaker 1: been amazing, working around the clock, but they've you know,

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Speaker 1: they're getting the number of calls in a day that

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Speaker 1: we used to get in a week. So it's definitely

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Speaker 1: been a huge serve and and we're lucky, so we're hiring.

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Speaker 1: We're hiring customer service people, will probably hire people um

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Speaker 1: for our corporate office to help with the demand. And

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Speaker 1: we've diverted our tech team to really build tools for

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Speaker 1: our customer service teams since they're so in indated with

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Speaker 1: and lindsay, what are you having to do or what

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Speaker 1: are you choosing to do in terms of like safety

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Speaker 1: of delivery and all of those things that everyone both

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Speaker 1: on the employer, employee and consumer side is obviously very

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Speaker 1: concerned about. Yes, of course, so our entire team is

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Speaker 1: you know, mandatory work from home, and then the delivery staff.

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Speaker 1: You know, we really encourage UM people to bring their

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Speaker 1: own pen if they need design, don't hand your idea

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Speaker 1: to the delivery staff, and hopefully everyone's sheltering at home,

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Speaker 1: so the delivery staff are hopefully on the streets alone

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Speaker 1: and not exposed. UM. So we really you know, encourage

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Speaker 1: both the consumer and the delivery people UM not to

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Speaker 1: exchange anything like pens or ideas or hand the bag.

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Speaker 1: Just write it down. UM. But unfortunately, alcohol is a

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Speaker 1: highly regulated item, so we do need to make sure

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Speaker 1: that people are getting to the right hands possibly and

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Speaker 1: underage people are not taking advantage. Right. Yeah, you've got

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Speaker 1: to figure out a way to see those ideas. You

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Speaker 1: know that I would imagine that there is an extra

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Speaker 1: step that that is different from like somebody dropping off

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Speaker 1: a prime package at right at my front door. Alright,

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Speaker 1: So are you holding on to all your employees or

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Speaker 1: have you hired more because of increased demand? Yeah, we

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Speaker 1: hired more UM. So you know we I think this

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Speaker 1: week we've already onboarded, you know, hired two new customer

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Speaker 1: service people UM, and we've have offers out to more. Wow.

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Speaker 1: So when you uh look at sort of speaking of

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Speaker 1: supply chain, lindsay, what are you hearing from some of

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Speaker 1: your partners, because you know you work with some of

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Speaker 1: the biggest UM liquor and alcohol brands in the world.

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Speaker 1: Are they good with with supply and what are you

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Speaker 1: hearing from them as you think about sourcing. I know

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Speaker 1: you're dealing mostly with retailers, but I know you also

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Speaker 1: have you know, good touches into some of the big brands. Yeah,

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Speaker 1: we have great relationships with the big brands. And since

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Speaker 1: they can no longer unfortunately do a lot on premise

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Speaker 1: in bars and restaurants, you know, out of home advertising

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Speaker 1: no longer makes sense. We've actually seen a huge influx

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Speaker 1: in UM inbound inquiries for partnerships from all the major

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Speaker 1: suppliers UM, which has been great for us. And we

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Speaker 1: love working with them, um, and then we have much

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Speaker 1: like we've seen an increase in late deliveries, we have

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Speaker 1: seen an increase and out of stocks as well, just

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Speaker 1: because so many people are buying and the supply chain

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Speaker 1: is just a little bit harder with um, you know,

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Speaker 1: how the world is working today. So because we are Bloomberg,

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Speaker 1: we're always interested in is are you guys profitable we

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Speaker 1: I mean, after this turn of events, I think this

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Speaker 1: year we will be profitable. I think could be that

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Speaker 1: breakout moment where we will be profitable, which is really exciting. UM.

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Speaker 1: So that is our plan. Well, because we talk about

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Speaker 1: you know, as a result of everybody staying at home

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Speaker 1: working from home, you know, what are the things, whether

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Speaker 1: it's the working from home aspect, whether it's telemedicine, whether

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Speaker 1: it's education, Like, there are things we wonder what we'll

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Speaker 1: stay with us. And this is a way actually for

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Speaker 1: you guys right to kind of for people to get

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Speaker 1: comfortable with the idea of buying you know, alcohol online. Yes,

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Speaker 1: and hopefully you know, we want to make people's lives

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Speaker 1: easier and give free up their time to do the

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Speaker 1: things they love, like spend time with family, go out

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Speaker 1: to restaurants, you know, do their hobbies read a book

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Speaker 1: instead of doing chores like going to the liquor store. Instead,

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Speaker 1: let's make it easier and let them press a button

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Speaker 1: and get it delivered. It's heavy, bulky. We want to make,

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Speaker 1: you know, free up their time to do their passions.

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Speaker 1: All right, Well, we're looking forward to, uh maybe having

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Speaker 1: a delivery to our studio when we're back in Uh.

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Speaker 1: We really appreciate it. Linda Andrew's co founder CEO of

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Speaker 1: Many Bar Delivery, joining us on the phone from Long Island. Uh,

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Speaker 1: listen to just say, the mail room called Jason, Jason,

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Speaker 1: there's some maker's mark uh and some Peppy van Winkle

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Speaker 1: that is waiting here for you. And yes, send it

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Speaker 1: right up right up to the Blueberg Interactor Broker's studio.

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Speaker 1: Uh No, that's it's really interesting me. Look, there will

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Speaker 1: be companies that will grow and thrive on the other

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Speaker 1: side of this. And you do wonder whether and that's

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Speaker 1: what we were talking about, this notion that if you

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Speaker 1: get used to doing that in the same way people

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Speaker 1: got used to buying books, buying so much stuff from amazons,

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Speaker 1: like all these things, right, why not? Like we listen,

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Speaker 1: we've a feeling there may be a mini bar headed

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Speaker 1: to the master. You really so you used you've used them?

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Speaker 1: I met them a few years ago. I don't use

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Speaker 1: them here. They don't deliver to the burbs yet. Um. Yeah, no,

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Speaker 1: I met them a few years ago. It's a fascinating concept. Yeah.

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Speaker 1: And in her background, as we talked about it, is

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Speaker 1: really interesting too because she's worked with some of these

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Speaker 1: big e commerce UH companies, so totally understand the logistics

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Speaker 1: of it and all of that. COVID nineteen, as we know,

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Speaker 1: is in discriminate. We've talked about this a lot, impacting

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Speaker 1: all industries and all individuals potentially, and that includes the

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Speaker 1: wine industry. Our next guest is a second generation vintner.

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Speaker 1: He has a degree in economics, a law degree in

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Speaker 1: m b A. He's former officer in the Navy Reserves.

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Speaker 1: We're talking about the CEO and owner of Jordan Winery

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Speaker 1: and also creator of the John Jordan Foundation. And UH,

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Speaker 1: we are so welcome to have with us John Jordan

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Speaker 1: and John I gotta do full transparency. Um, your wine

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Speaker 1: has been a favorite of my husband's for decade decades

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Speaker 1: and it's become a favorite of mine. So welcome, welcome

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Speaker 1: to Bloomberg Radio. Delighted to have you. I know you're

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Speaker 1: on the phone in California, so welcome to Bloomberg Radio. Well,

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Speaker 1: thank you and happy to be here, and glad you've

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Speaker 1: enjoyed Jordan wine over the years. Absolutely, we're enjoying some

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Speaker 1: right now courtesy of you. So I actually haven't taken

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Speaker 1: a sip yet, but I am cheers to my to

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Speaker 1: my co host, uh, and to you. We we really

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Speaker 1: do appreciate John and I just start by asking, how

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Speaker 1: are you well? How are you? How's the family? Well,

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Speaker 1: first of all, the wineries are winery families in good shape. Um,

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Speaker 1: we're under the terms of our shelter in Place local

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Speaker 1: shelter in place orders were allowed to have employees work

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Speaker 1: as long as social distancing guidelines and hygiene guidelines are

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Speaker 1: observed to to continue the wine making process and to

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Speaker 1: protect the inventory that we have in the building. Now, however,

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Speaker 1: we are unable to see visitors and do tours and tastings,

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Speaker 1: which is really really hard for all of us here

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Speaker 1: because hospitality is as much part of our business as

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Speaker 1: his wine making, not from a revenue point of view,

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Speaker 1: but just in terms of who we are. And it's

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Speaker 1: it's all of the visitors and the staff that we

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Speaker 1: have taken care of them. They're very sorely missed right now. Um,

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Speaker 1: the wine industry that Sonoma and Napa are shut down

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Speaker 1: to visitors, and that is to not so much to us,

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Speaker 1: but it's devastating to local restaurants, hotels and wineries that

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Speaker 1: depend on people coming to see them. People look at

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Speaker 1: the wine country and understand that of course that wine

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Speaker 1: is our biggest industry, but not too far behind is

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Speaker 1: tourism and his visitation. To have that taken away is

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Speaker 1: just devastating to so many small businesses that are necessary

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Speaker 1: to not only operating wineries, operating restaurants and hotels. UM.

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Speaker 1: But you know, it's it's it's it's just been it's

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Speaker 1: it's just a terrible blow to our economy. Well, and

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Speaker 1: that's a big part that we've been talking about as well,

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Speaker 1: about the restaurant industry. We've had UM, Danielle blue On

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Speaker 1: and others, just because that industry has been devastated. And

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Speaker 1: you guys sell to a lot of that industry which

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Speaker 1: has been shut down as well. It has you know,

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Speaker 1: we sell almost we've sold almost three quarters of our

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Speaker 1: wine until this is all of this happened into America's restaurants.

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Speaker 1: Now almost all restaurants are gone. Fortunately you Jordan's is

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Speaker 1: a restaurant that's pleased people throughout the years and brought

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Speaker 1: a lot of pleasure. And now we're we're fortunate to

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Speaker 1: be in the position to be able to offer it

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Speaker 1: to people in stores, you know, whether it's a fine

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Speaker 1: wine shop or grocery stores, um or you know, or

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Speaker 1: or businesses that are essential. So we have an outlet

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Speaker 1: for our product, but that doesn't do a lot of

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Speaker 1: good for a lot of other small businesses in the area. Well,

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Speaker 1: and and John, obviously you know this has not been

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Speaker 1: an easy few years for for the wine business. As

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Speaker 1: Carol goes bottoms up, I'm watching her on uh and

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Speaker 1: then very happily. So uh, this has not been an

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Speaker 1: easy few years. And we've talked about that a lot

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Speaker 1: on this show. Help us understand how the economics overall

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Speaker 1: have changed, sort of synthesizing all of the fires of

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Speaker 1: the droughts and everything, sort of the various things that

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Speaker 1: have been visited upon this business. Well, first of all,

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Speaker 1: all of our businesses in Sonoma, NAPA have gotten very

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Speaker 1: good at emergency procedures because we have so much practice

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Speaker 1: UM with regard to the fires. The biggest damage, large

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Speaker 1: lead to the community economically wasn't as much the fires

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Speaker 1: themselves as it is the perception that Sonoma, Napa and

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Speaker 1: the Wine Country had burned down because of the graphic

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Speaker 1: nature of the coverage. Now in two thousand seventeen, in particular,

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Speaker 1: a lot of people lost their homes and there was

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Speaker 1: loss of life. And as as much as we mourned that,

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Speaker 1: the damage continued because people thought that you know, Sonoma

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Speaker 1: was gone and and and there was no point in

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Speaker 1: coming to visit, and that harm was longer lived and

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Speaker 1: probably more profound and more deeply felt in in this community.

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Speaker 1: Then the physical damage you're saying, the perception was actually

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Speaker 1: worse than the physical damage. Correct. The physical damage was

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Speaker 1: in a lot of residential I had a lot of

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Speaker 1: my employees, UM a few employees lose their homes in

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Speaker 1: the company. We obviously helped them with that. But you know,

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Speaker 1: in two thousand eighteen, most of the most two thousand nineteen,

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Speaker 1: from most part people had their houses put together, and

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Speaker 1: then we had another fire. The fires in two thousand nineteen,

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Speaker 1: while made great television, really didn't do. They were out

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Speaker 1: in the wilderness, so they didn't really impact or they

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Speaker 1: burned down one winery, but other than that, the structural

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Speaker 1: damage wasn't there. But once again there was the change

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Speaker 1: in perceptions which hurts so many small and family, small

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Speaker 1: families businesses when it's restaurants, hotels, bed and breakfast that

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Speaker 1: depend upon the visitation we have at this hour, John

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Speaker 1: Jordan's he's the owner of Jordan Winery. Also ahead of

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Speaker 1: the Jordan Foundation. On the phone, UM from California. So John,

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Speaker 1: tell us a little bit about the John Jordan Foundation

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Speaker 1: because I was reading about it. Um, You guys do

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Speaker 1: a lot of things. A lot of it's about education,

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Speaker 1: but it's also about helping you know, other individuals launch

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Speaker 1: small businesses. Tell us a little bit about it. Well,

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Speaker 1: the John Jordan Foundation is something I started in two

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Speaker 1: thousand twelve and I thought it was a productive place

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Speaker 1: to put the profit put profits from the winery. We

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Speaker 1: do everything for We try to close educational gaps. Is

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Speaker 1: one thing as iPads in schools where children are there

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Speaker 1: a low income schools where if they're not exposed the

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Speaker 1: technology early, they're behind the game. If they're not tech fluent,

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Speaker 1: UM that can damage them and condemn them to being

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Speaker 1: in a permanent underclass. So predominantly UM minority neighborhoods Latino here,

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Speaker 1: which is what you know, we have a lot of

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Speaker 1: Latino people live here. Uh that we are a pediatric dentistry.

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Speaker 1: You know, if you go to an emergency room, you

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Speaker 1: can get medical care, but not dental dental care. So

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Speaker 1: if you're eleven twelve years old and you have your

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Speaker 1: adult teeth and they're falling out, you're not only in pain,

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Speaker 1: you're vulnerable to illness their self esteem issues. So we

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Speaker 1: are committed to closing a lot of that, especially with

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Speaker 1: pediatric dentistry education, UM English is a second language, and

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Speaker 1: then micro loan training and micro loans for those individuals

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Speaker 1: that may not have a lengthy formal education to gain

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Speaker 1: the skills and knowledge they need to be able to

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Speaker 1: start their own small business. So we're proud to have

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Speaker 1: worked with several organizations throughout the West to to try

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Speaker 1: to grow an entrepreneurial class of people that other that

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Speaker 1: may have grown up never thinking they would own a business.

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Speaker 1: And then lastly, we try to address those unfortunately all

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Speaker 1: too often occurrences here locally where businesses and individuals are

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Speaker 1: displaced through natural disasters, right, and and the notion of

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Speaker 1: and this sort of dovetails with some of the stuff

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Speaker 1: we were talking about before the break and in terms

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Speaker 1: of you know, helping people with meals and whatnot at

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Speaker 1: a time. And there's a lot of that going around, uh,

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Speaker 1: going on around us here in New York City as

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Speaker 1: well because at first responders and people displaced it you're

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Speaker 1: doing some work there too. Yes, what we try to

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Speaker 1: do is look at problems holistically. Often there are multiple

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Speaker 1: dimensions and multiple injuries that derive from UM a calamity

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Speaker 1: of some sort. In this case with business and being

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Speaker 1: shut down. You have lots of people being hurt. You

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Speaker 1: have people lost their jobs that may now be food insecure.

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Speaker 1: You have restaurant people the rest businesses that are now failing,

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Speaker 1: particularly restaurants, and they may never be able to reopen

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Speaker 1: and provide people job in the future. It's a vicious cycle.

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Speaker 1: And what people don't hear about so much is a

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Speaker 1: lot of the farmers and vendors and purveyors that supply

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Speaker 1: those restaurants they're getting hurt do so through a program

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Speaker 1: called Cinema Family Meal the Foundation UM we've of a

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Speaker 1: funded an effort to open seventeen restaurants, and that allows

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Speaker 1: them to keep a small staff of of of servers

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Speaker 1: and chefs busy, pay their bills so that they can

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Speaker 1: stay open in the future. In exchange, they provide um

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Speaker 1: meals to those who otherwise wouldn't be able to eat,

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Speaker 1: and this also keeps some of those farmers and vendors

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Speaker 1: in business. We're attacking a problem from several different directions,

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Speaker 1: and that's what we really try to do with the

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Speaker 1: Foundation is identifying those gaps which maybe aren't sexy or

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Speaker 1: or positive, to get a lot of press and attack them,

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Speaker 1: and then try to look at other problems on several

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Speaker 1: dimensions and be creative in the solutions we we support.

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Speaker 1: I love this so much because I was just talking

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Speaker 1: to somebody in our town and my wife is actually

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Speaker 1: working on a project later to this here. I live

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Speaker 1: in just a little town, sleepy hollow, and in just

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Speaker 1: north of New York City, and there's an effort to

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Speaker 1: do exactly the sort of thing you're talking about. Because

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Speaker 1: we talk so much about supply chains, John, and this

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Speaker 1: is a supply chain. Ultimately, you know you're talking about

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Speaker 1: farms and restaurants and it also is about a workforce

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Speaker 1: that we need to figure out a way just to

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Speaker 1: sort of bridge us across to this new Norman. If

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Speaker 1: we can keep these restaurants open and keep people employed,

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Speaker 1: and restaurant owners I think are doing an amazing job

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Speaker 1: at figuring out these creative ways. Obviously they're social distancing

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Speaker 1: involved in things like that. But if you can keep

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Speaker 1: people fed, keep people employed, and sort of keep that

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Speaker 1: chain going, just hold onto it for a little while

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Speaker 1: to again on the other side, it's such a as

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Speaker 1: you say, you know, these are complicated problems that we

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Speaker 1: sometimes I think underestimate the complexity there. To be sure,

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Speaker 1: it is what you see here, you know, historically and

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Speaker 1: for whatever reason you know you people would good as

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Speaker 1: employees are on one side of offense and businesses are

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Speaker 1: on another, as if there's some bright line between them.

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Speaker 1: And what we're learning America is learning here is that

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Speaker 1: we're all all intertwined, that businesses are people. When businesses

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Speaker 1: get hurt, people get hurt, and businesses have a concurrent

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Speaker 1: responsibility to their employees because a business is only as

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Speaker 1: good as the people that work there. We're all in

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Speaker 1: this together, and I think if there's any good to

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Speaker 1: come to this crisis is that perhaps reminds us of

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Speaker 1: that truism. Well, and I also think, you know what

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Speaker 1: I'm thinking about the government's stimulus, the federal government stimulus efforts, John,

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Speaker 1: I mean also a reminder that when we come down

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Speaker 1: to it, despite you know, it's the big companies that

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Speaker 1: are often in the headlines, and we talk so much

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Speaker 1: about the publicly health companies, it's small business. Ultimately, that

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Speaker 1: is what America is all about, and that ultimately really

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Speaker 1: keeps the economy going exactly. You know what what doesn't

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Speaker 1: get a lot of press is that small businesses actually

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Speaker 1: bigger than big business. Smaller businesses in the sub five

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Speaker 1: hundred employee category employ more people than the so called

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Speaker 1: you know, than the companies that are traded on the Dow,

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Speaker 1: for example. So small business, smaller businesses really are the

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Speaker 1: bulk provide the bulk of jobs, and the and the

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Speaker 1: and the and the bulk of provide more wealth and

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Speaker 1: uh resources than people. What other way since But but

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Speaker 1: small business really is the bigger part of America, and

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Speaker 1: it defines who we are, right because it's aspirational, So

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Speaker 1: listen to be fair, because I am enjoying your cabernet

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Speaker 1: right in front of me. And I know you guys

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Speaker 1: make just two wines, but they are two magnificent wines.

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Speaker 1: And I gotta be honest, if you just made the

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Speaker 1: one the cab I do fine too with that. Just

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Speaker 1: got about a minute and a half here, tell us

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Speaker 1: a little bit about the wine that we're drinking. Where

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Speaker 1: our cabernet is made in a French style. It's not

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Speaker 1: a big California over oaked, high alcohol um dominant type

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Speaker 1: of windes gonna overpower food. It's designed to make a

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Speaker 1: chef look good, but it's a restaurant jeff or a

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Speaker 1: home cook, and it's got a little, it's a much

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Speaker 1: it's lower in alcohol, so you can have two or

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Speaker 1: three glasses and enjoy it and enjoy your food. The

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Speaker 1: chardonnay is a Russian River Appalachian and it is a bright, acidic, crispy.

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Speaker 1: It is not one of those big over oak butter

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Speaker 1: balls that you traditionally associate with California. So our wines

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Speaker 1: are really more of an homage and carry over from

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Speaker 1: French French winemaking styles than they are what you would

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Speaker 1: traditionally associate with California. So they're a little surprising in

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Speaker 1: that regard, and that was Lindsay Andrews, founder and CEO

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Speaker 1: of Mini Bar, and John Jordan's of Jordan's Winery. Loved

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Speaker 1: those conversations. And you know, for most of us, good

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Speaker 1: to have a drink every town again through this quarantine.

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Speaker 1: Gotta say, by the end of the week, I am

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Speaker 1: more than ready all right. You've been listening to Bloomberg

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Speaker 1: Business Week Extra, and be sure to tune into Bloomberg

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00:24:48,520 --> 00:24:51,040
Speaker 1: Business Week Radio Live Money through Friday at two pm

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Speaker 1: Wall Street Time on Bloomberg Radio. I'm Jason Kelly and

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Speaker 1: I'm Carol Masser. This is Bloomberg