NextEra to Buy Dominion for $67 Billion to Create U.S Power Giant

Summary

Bloomberg Intelligence Podcast: "NextEra to Buy Dominion for $67 Billion to Create U.S Power Giant"
Date: May 18, 2026
Hosts: Paul Sweeney, Scarlet Fu
Notable Guests: Emily Forgas (Bloomberg News, Energy Reporter), Matthew Palazzola (Senior Analyst, Bloomberg Intelligence), Ira Jersey (Chief U.S. Interest Rate Strategist, Bloomberg Intelligence)

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Episode Overview

This episode dives into three key financial and economic storylines:

• NextEra Energy's landmark $67 billion acquisition of Dominion Energy, aiming to create the largest U.S. power utility and transform the electricity landscape.
• Berkshire Hathaway's latest portfolio activity under new CEO Greg Abel, including a surprise move into Alphabet (Google).
• Recent turmoil in the bond market, the upcoming FOMC meeting with a new Fed Chair, and shifting outlooks for interest rates. The hosts and guests provide sharp analysis, industry insights, and the implications for investors and consumers.

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1. NextEra’s Acquisition of Dominion: Building a Powerhouse Utility (01:49–06:42)

Key Points:

• Deal Overview:
  NextEra Energy will acquire Dominion Energy for around $67 billion in stock, marking the biggest U.S. utility transaction ever. (01:49)

• Strategic Rationale:

  • NextEra is seeking to "rebalance its utility business versus its unregulated development business," says Emily Forgas (02:14). The boom in renewables—thanks largely to demand from data centers—means credit agencies want NextEra to grow its regulated operations.
  • Virginia, Dominion’s stronghold, is “home to...the biggest concentration of data centers in the U.S.,” driving massive electricity demand. (02:53)

• AI and Data Center Influence:

  • "Virginia is struggling to meet that demand...the demand forecasts for the next few years are completely outstrip what these utilities can provide at this moment." – Emily Forgas (03:05)
  • NextEra will become “by far the biggest utility in the country,” facing the challenge of powering America’s digital infrastructure.

• Regulatory Hurdles:

  • The deal faces scrutiny from “a long list of regulatory bodies” in the power sector, but “analysts...have been pretty positive about this going through,” especially given Virginia’s urgent electricity needs. NextEra’s expertise in renewables and storage is seen as a plus. (03:41)

• Industry Trend: More Consolidation:

  • "Get ready for more consolidation," says Forgas (04:50). Utilities are pledging “trillions of dollars...to upgrade the grid,” and need the scale to support such spending.

• Who Foots the Bill?

  • The real question: “Who's going to pay for all this—ratepayers like me and you...or Google?” – Paul Sweeney (05:23)
  • Data center operators signal willingness to pay for new generation but not necessarily for grid upgrades. “So far...the data center boom has made electricity prices higher...electricity price inflation outpaced overall inflation last month.” – Emily Forgas (05:40)

• Political Implications:

  • Electricity prices are “already forecast to be a really big part of the midterms this year,” ensuring the deal’s consumer impact is front and center. (06:29)

Notable Quotes:

• “Virginia is home to data center alley, the biggest concentration of data centers in the US...Virginia is struggling to meet that demand.” – Emily Forgas (02:53)
• “So far, the data center boom has made electricity prices higher and electricity price inflation outpaced overall inflation last month.” – Emily Forgas (05:40)

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2. Berkshire Hathaway’s Portfolio Moves under Greg Abel (09:38–15:42)

Key Points:

• 13F Filing Highlights:

  • Berkshire Hathaway notably increased its stake in Alphabet, from $4 billion to $16 billion—“the biggest individual move in the quarter.” (10:10)

• Leadership Philosophy:

  • New CEO Greg Abel continues Buffett’s tradition: “We think of it the same way, want to understand the businesses,” per Abel’s interviews. (10:53)
  • Warren Buffett is still “in the office every day and could have fingerprints on this,” but Abel is actively shaping decisions.

• Cash Hoard Issues:

  • Berkshire now holds “about $380 billion” in cash—“supposedly they’re supposed to invest” but find it difficult to put it to work at scale. (11:23)
  • No major changes expected in capital return or acquisition approaches while Buffett is still present.

• Stock Sales:

  • Berkshire sold “about $11 billion in positions,” likely related to a departing investment deputy, including Visa and MasterCard. (12:29)

• Recent Large Acquisitions:

  • Aside from Alphabet stock, notable deals include a “chemical company from Occidental for about $11 billion,” and the Allegheny insurance group (“Squishmallow fame”). (13:13)

• Property & Casualty Insurance Sector Outlook:

  • The property/casualty index is “kind of flat for the year” mirroring tech market influences. (14:06)
  • Hurricane season outlook: “hot sea surface temps increase hurricane activity, but the El Nino effect...decreases it” – forecasting an average season. (14:15)

Notable Quotes:

• “Berkshire now [has] about $380 billion...can’t find stuff out there that can put a dent in $380 billion.” – Paul Sweeney (11:28)
• “You can have just one [hurricane]...that hits Miami or something like that and then it’s a disaster.” – Matthew Palazzola (15:18)

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3. Bond Market Sell-off & New Fed Chair Kevin Warsh (18:59–25:08)

Key Points:

• Global Bond Market Volatility:

  • Major sell-off across U.S., UK, and Japanese bonds. 10-year U.S. yield at ~4.6%; 30-year at 5.13% (18:59)
  • “This isn’t all just about U.S. Treasuries...it’s a global developed market phenomenon.” – Ira Jersey (19:37)

• Challenges for New Fed Chair:

  • New chair Kevin Warsh faces a fraught environment: “It’s going to be hard for him to make the case that they should be cutting interest rates right now.” – Ira Jersey (19:37)
  • Fiscal concerns in Japan and the UK contribute to bond market stress, “seeping” into U.S. yields.

• Fed Transition Survey Results:

  • Surveyed market players see Warsh as “more dovish than Jay Powell” but also expect “yield curve would steepen,” though markets remain skeptical. (20:35)
  • Uncertainty if the Fed can successfully shrink its balance sheet. (22:53)

• Outlook for Rates:

  • Post-pandemic, “4.5% might be the new 3.5% on the 30-year,” as continued U.S. fiscal deficits anchor high yields. (23:07)

• Legacy of Jay Powell:

  • “Jay Powell did a pretty good job on communication...good job maintaining the Fed’s independence” but mixed reviews on his inflation response. (24:02)
  • Noteworthy that Powell dealt with “two economic cycles” during his tenure. (24:02)

Notable Quotes:

• “4.5% might be the new 3.5%...that’s pretty standard thinking, especially given that the U.S. fiscal situation has not improved.” – Ira Jersey (23:07)
• “Jay Powell is one of the few Fed chairs that’s had to contend with two economic cycles.” – Ira Jersey (24:02)

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4. Memorable Moments and Lighter Notes

• On utility consolidation:
  • “A new gas plant costs billions...utilities are striving to get bigger and bigger—bigger market caps, more money behind them.” – Emily Forgas (04:50)
• On hurricane risk:
  • “You can have a lot of hurricanes but they don’t really hit high value areas and it doesn’t matter...or you can have just one that hits Miami and then it’s a disaster.” – Matthew Palazzola (15:18)
• Soccer banter:
  • Paul Sweeney: “Is the US going to be competitive at all in the World Cup?”
    Ira Jersey: “We should get out of the group stage. Turkey is probably the most challenging...I’m certainly excited.” (25:08)

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Key Timestamps for Important Segments

• NextEra-Dominion Deal Overview: 01:49–06:42
  • Market, regulatory, and electricity implications + data center effect (02:53–04:14)
• Berkshire Hathaway Portfolio & Philosophy: 09:38–15:42
  • Alphabet stake, capital challenges, recent big buys (10:10–13:13)
• Bond Markets & Fed Chair Transition: 18:59–25:08
  • Global yield surge, Warsh outlook, yield curve, Jay Powell legacy (19:37–24:02)
• Insurance market, hurricane risk: 14:06–15:18

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Final Thoughts

This episode provides insight into seismic shifts in the U.S. utilities sector (driven by data center electrification), major moves by one of the world’s most watched investors, and the complex macro trends buffeting global bond markets.
For investors, policymakers, and the average ratepayer, the hosts and guests break down why these changes matter now—and what to expect in the coming months.

“Electricity prices are already forecast to be a really big part of the midterms this year. That’s always going to be the backdrop of the conversation with a big deal like NextEra and Dominion.”
— Emily Forgas (06:29)

Transcript

[Paul Sweeney]

Is your multi entity management creating more confusion than clarity. You need the Intuit ERP Intuit Enterprise Suite. It's the AI native ERP solution that's powerful, painless and proven. Learn [e-mail] ERP being a small business owner isn't just a career, it's a calling. Chase for Business knows how much heart and effort go into building something of your own. Manage all your business finances, from banking to payments to credit cards all in one place with Chase's digital tools. Plus access online resources designed to help your business thrive. Learn [e-mail] business chase for business make more of what's yours the Chase Mobile app is available for select mobile devices. Message and data rates may apply JP Morgan Chase Bank NA Member FDIC Copyright 2026 JPMorgan Chase Co. Sonesta TravelPass makes

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[Bloomberg Intelligence Host]

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[Paul Sweeney]

Merger Monday definitely here next Air Energy agreeing to pay about $67 billion in stock for Dominion Energy and the biggest power acquisition ever. That's pretty cool. Dominion. I know those folks are down there in Richmond, Virginia. My one of my favorite places. Emily Forgas joins us here, energy reporter for Bloomberg News. Emily, talk to us about this deal. It's a monster sized deal. Why is Nextera buying Dominion?

[Emily Forgas]

Yeah, it's such a great question. There are many answers. The one that I've heard the most from analysts so far is that Nextera needs to rebalance its utility business versus its unregulated non regulated development business. Its development business for renewables has grown astronomically in the past few years because of demand largely from data centers and it needs to rebalance more back to its regulated side. That's what credit rating agencies require of them. So they either needed to sell generation or buy a regulated utility.

[Paul Sweeney]

How is AI and the need for electricity. It's. We're seeing it all over. How is that driving this deal?

[Emily Forgas]

Yeah, I mean, Virginia, where Dominion operates mainly, is home to data center ali, which is the biggest concentration of data centers in the U.S. and that.

[Paul Sweeney]

Right?

[Emily Forgas]

Yeah.

[Ira Jersey]

Wow.

[Emily Forgas]

Northern Virginia. And they, the Virginia is struggling to meet that demand. And the demand forecasts for the next few years are completely outstrip what these utilities can provide at this moment in time. And that's the story across the country. And so NextEra now being by far the biggest utility in the country, once this goes through, would the challenge for NextEra would be to try to provide energy for those data centers.

[Paul Sweeney]

Wow. All right. You said they're going to create the biggest. So I'm thinking the regulators are just licking their chops here to review this deal. What are the companies saying about the regulatory hurdles they need to clear?

[Emily Forgas]

Yeah, there is, there's a long list of regulatory bodies within the power sector that will need to look at this deal. Some analysts that I've talked to, though, have been pretty positive about this going through, especially from the Virginia Legislature side and regulators in Virginia. Virginia really needs some, some help with meeting this power demand. And Nextera comes with a whole host of renewables and a lot of development and a strong utility side and are pledging to use batteries in the area and things like that to meet demand. So the analysts I've talked to have been pretty positive from that perspective.

[Paul Sweeney]

What do we know? I don't know that much about NextEra. See, they're, they're down in their Florida company. I think this feels like the old Florida Power and Light or something like that. What do we know about nextera?

[Emily Forgas]

Yeah, so Nextera has a utility in Florida, but then also has a huge development business. It's become one of the biggest renewable energy developers in the US in the past couple of years. And as I said, that demand has been proven by how big the renewable energy arm of NextEra has gotten. And this is why this rebalance is, is quite necessary.

[Paul Sweeney]

Are analysts saying get ready for some more consolidation? Utility industry is just the beginning. What are they saying?

[Emily Forgas]

Yeah, they are definitely saying get ready for more consolidation. One of the reasons is that all of these utilities are pledging to spend trillions of dollars on like, new generation, new transmission, basically upgrades to the grid over the next five years. And each one of these new, like a new gas plant costs billions of dollars. And so these utilities are striving to get bigger and bigger. Bigger market caps, more money behind them so that they can reasonably pledge all of that money that's necessary to upgrade the grid and add new generation.

[Paul Sweeney]

I read the book called the Grid.

[Emily Forgas]

Ah, did you?

[Paul Sweeney]

Yeah. So I'm all in on this. But I guess one of the questions is who's going to pay for all this? Is it going to be the ratepayers like me and you and Charlie? Well, Charlie's definitely going to pay. Or is it going to be, you know, if Google wants this big, you know, data center, you pay for it?

[Emily Forgas]

Google, yes. So that's still the major million dollar question. But I will say that there have been certain pieces of legislation that are passed or in or being talked about right now that would answer this question. What the big tech companies have said that they are willing to pay for the new generation that's necessary to meet their demand. The question is whether or not they will pay for all of the upgrades or whether or not some of that capex that these utilities are going to have to spend will trickle down to ratepayers. So far Bloomberg did an analysis that shows that so far the, the data center boom has made electricity prices higher and electricity prices inflation outpaced overall inflation last month.

[Paul Sweeney]

So and I would think in the like in the metro Washington, D.C. area, Virginia, all that kind of stuff, those folks are probably pretty sensitive to that.

[Emily Forgas]

Yeah. Yes, exactly. And electricity prices are already forecast to be a really big part of the midterms this year. And so that's always going to be the backdrop of the conversation with a big deal like Next Air in Dominion.

[Paul Sweeney]

Stay with us. More from Bloomberg Intelligence coming up after this. If your finance team spends more time finding data than using it. If there's one entity here and one here and one here and one here. If scaling your business feels like starting over, you need the Intuit ERP. Intuit Enterprise Suite is the AI native ERP solution that's powerful, painless and proven. Learn more at intuit.com erp Support for

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[Bloomberg Intelligence Host]

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[Paul Sweeney]

Once a quarter they get this thing called the 13F skip file so you can see what funds are buying and selling. And there's a whole cottage industry out there for people who do this for Berkshire Hathaway. What's Warren Buffett buying and selling? It's a little bit different this time because we got a new CEO, Greg Abel. I want to see what he's been buying and selling here. Matthew Palazzola, he knows. He's a senior analyst covering the insurance biz, including Berkshire Hathaway for Bloomberg Intelligence. What do we learn from this 13F from Berkshire Hathaway? What is Mr. Greg Abel, the new CEO? What's he doing?

[Matthew Palazzola]

We never know actually what's happening behind the scenes. They don't talk to analysts and tell us Anything. Warren Buffett is still around. He's the chairman. He goes in the office every day. So there could be some fingerprints on this, but maybe not because the biggest move was dramatic increase in their stake in Alphabet. So they had about 4 billion and now they have about 16 billion worth of Alphabet shares. And that was the biggest individual move in the quarter.

[Paul Sweeney]

And Buffett is known for investing in things. He understands. That's kind of how he puts it. Right. He wants to be able to understand the business model and then he's in on it. Does Greg Abel have like a self professed philosophy on investing?

[Matthew Palazzola]

Same. That was pretty much what he said in interviews was we think of it the same way. They took this initial Alphabet stake while Buffett was still there last year. But it could have been, it could have been able. Then it could have been the investment deputy, Ted Welsher. So he does profess we want to understand the businesses. So I guess he understands Google's business.

[Paul Sweeney]

Any reason to think, first of all, what's that cash number that's on the balance sheet that we should.

[Matthew Palazzola]

I believe it's 380 billion. The revenue number was too high because they had some settlements in there.

[Paul Sweeney]

Okay, so just give our listeners and viewers a ballpark. $380 billion that they have on their balance sheet that supposedly they're supposed to invest. But that's been a problem because you can't find stuff out there that can put a dent in $380 billion.

[Matthew Palazzola]

Correct.

[Paul Sweeney]

So is there anything that Greg Abel may do to change that dynamic?

[Matthew Palazzola]

So we talked about this before. I think capital, return. I mean, so what are you going to do? You're going to buy something, buy a whole company.

[Paul Sweeney]

Yeah.

[Matthew Palazzola]

Return capital, which seems to be a. No, no, I don't think he's in any rush to, to buy a bit, make a huge splash. And I also don't think, you know, as long as Buffett is there that he's going to return capital in any meaningful way to investors. So I think we'll see more of the same. I think this was still. So the other story of this quarter is they sold a lot of stock. But that stock they sold was likely positions by one of the former investment deputies who left the firm. So they sold about, I think the

[Paul Sweeney]

guy who went to JP Morgan, right?

[Ira Jersey]

Yes.

[Matthew Palazzola]

Todd Combs. So they sold about 11 billion in positions that I think are related to him. Again, they don't tell you if they are included in. That was a Visa and MasterCard. So they sold a lot in the quarter. The Net story then was they actually sold more than they bought. But if they didn't do this, they would have bought more than they sold. So the story is he. And for I think it was 14 quarters prior to this, they had sold more than they bought. So x that big move, they would have actually been a net buyer of stocks for the first time.

[Paul Sweeney]

And I remember Warren Buffett a while ago talking about how he was going to go elephant hunting with his hoard of cash. What was the last major acquisition they did make and how did that go?

[Matthew Palazzola]

So they've bought a couple of sizable things. I mean, like, they, they bought that it was $12 billion worth of Google stock in the quarter. Right. They bought a chemical company from occidental for about $11 billion. Last year they bought Allegheny, which was an insurance company holding company. The owner of Jeff Kirby squishmallow fame that they. People go crazy about at the Ann. They've put money to work. It's just they're generating a lot of capital, so it's kind of offsetting. And I mean, they're doing like 10 billion at a clip is not insignificant. I think all of those deals, I don't know about the Oxy chem deal that's still ongoing, but I think the Allegheny deal was good for them. It bolstered a bunch of insurance businesses where they could use more scale. And those additional businesses have been good as well.

[Paul Sweeney]

All right, what else is going on in your world of property and casualty insurance here? I'm looking at the index. It's kind of flat for the year, I guess. I'm looking at the S and P property, casualty, insurance things kind of flat.

[Matthew Palazzola]

So we're, we're kind of. So I started my career in the tech boom and I got deja vu all over again, where we're at the mercy of the. The, I guess, Stewie robots of the world, where these names sell off. When tech, you know, kind of gets more in favor risk on. We are going to go into hurricane season. So the forecasts for hurricane season are about average. So, you know, if maybe you want to see me a little bit more, maybe we'll get more activity, I don't know. But you've got two things. So you've got the El Nino effect and then you've got hot sea surface temps. So hot sea surface temps increase hurricane activity, but the El Nino effect actually decreases it. So we've got two kind of countervailing forces going on in the Atlantic which will kind of net out to probably an average hurricane season, so we'll see what happens.

[Paul Sweeney]

I've been reading that the weather forecast will make these forecasts a lot more accurate than they have been in the past, so there'll be fewer surprises or that's what we should expect is possible.

[Matthew Palazzola]

I think the thing is you can have a lot of hurricanes but they don't really hit high value areas and it doesn't matter all that much for my companies, you know, or society or, or you can have just one and it kind of slips through and hits Miami or something like that and then it's a disaster. I have heard similar things that, you know, the AI can help with modeling, but I think there's always going to be the weather wildcard.

[Paul Sweeney]

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you're listening to the Bloomberg Intelligence Podcast. Catch us live weekdays at 10am Eastern on Apple CarPlay and Android Auto with the Bloomberg Business app Listen on demand wherever you get your podcasts or watch us live on YouTube.

[Paul Sweeney]

Let's talk about what's going on in the bond market because we had this massive sell off in global bonds on Friday, pushing yields higher in the uk, in Japan, in the US and we're getting a little bit of relief today, but not so much. You look at the 10 year yield, it is still up at about 4.6%, the 30 year yield at 5.13%. Ira Jersey is our chief US interest rate strategist and Ira, this kind of makes things difficult for a new Fed chair, Kevin Warsh, who doesn't have to do anything right away, but he is gearing up for the FOMC later this later in June.

[Ira Jersey]

Yeah, it's going to be hard for him to make the case that they should be cutting interest rates right now. And you know, even though the market is higher. I think the, you know, part of the issue is here is that we're seeing this global sell off. So this isn't all just about US Treasuries, it's not all about the US either inflation expectations or monetary policy expectations, but it's the fact that you have in Japan and the UK in particular really serious questions about their fiscal health in the longer term. So you know, if we want to call this bond vigilantes, I think that you can can make the case that there's at Least a little bit of that seeping into the markets via the kind of the back door into the treasury market. So it's not treasury specific, but it is a global developed market phenomenon.

[Paul Sweeney]

Scarlett, you know you're a player in the global interest rate business. If in your email inbox you receive the following document. Bloomberg Intelligence Federal Reserve Chair Transition Survey.

[Ira Jersey]

I talked.

[Paul Sweeney]

Really?

If you're a player. Yeah. Ira, I know you sent this survey out to the main players out there in the marketplace and you're talking about what does a new Fed chairman mean for the Fed. What this survey would you guys learn?

[Ira Jersey]

Yeah, so, so we put out that note this morning, Paul, and you know, we, we found that the most surprising thing in there was not that Kevin Warsh is expected to be more dovish than Jay Powell. I think that, that, that's certainly something that many people thought, thought given that he's being appointed by President Trump. But it's really that over two thirds of the respondents thought that the yield curve would steepen and you haven't seen that very much. So, you know, it might be very difficult for the yield curve to steepen at this point, especially if the market continues to think that the Fed's going to be relatively hawkish.

[Paul Sweeney]

You okay?

[Ira Jersey]

Little tickle in my throat talking about Kevin Moore.

[Paul Sweeney]

Yeah, yeah. Well, he's, he's got a big, big heavy task in front of him. How does he fold in what's happening overseas? I mean, does that factor into his thinking, the FOMC thinking at all? You talked about the return of bond vigilantes that's maybe seeping into the U.S. do they just not focus on that at the moment?

[Ira Jersey]

Yeah. So the Fed's going to focus on how the international environment is going to affect the U.S. economy.

[Paul Sweeney]

Right.

[Ira Jersey]

And I think that when you think about higher oil prices, when you think about the fact that you've had now higher yields, in a way the market's doing the Fed's job for it. Right. It's tightening financial conditions at a time when the growth is okay. Right. The growth isn't great. Like it's very disjointed growth right now in terms of the consumer. And we know that. Right. We call it the K shaped economy. So they will take into account what's going on in Europe, what's going on in the uk, what's going on in Japan. These are our major trading partners. And, and these will have an effect on the US Right. We do export a lot. We do have large trade balances, both positive and negative, with some of these countries. So, so all of that will be taken into account for sure. Now Kevin Moore I think would like to lower interest rates, but he wants to do that by cutting the Fed's balance sheet. And one of the things that did come out of the survey today was not many people in the investing community think that the Fed's going to be able to actually shrink its balance sheet.

[Paul Sweeney]

Earlier today on Bloomberg Surveillance, Ira, we had a Gunit Dhingra, head of US Rate Strategy at BNP Paribas on, he was saying basically if you look at the third year 5%, the new 4%, kids, you better get used to it. How do you think about that?

[Ira Jersey]

Yeah, you know, we've been hovering kind of between 4 and a half and 5% basically for a couple of years now. And, and 5% might not be the new four, but you know, 4.5% might be the new 3.5%. And I think that that's, that's pretty standard thinking, especially given that the US fiscal situation has not improved any. Right. So yes, we've seen slightly smaller deficits than we had a couple of years ago, but we also don't see any relief from that in sight. So it's hard to see why 30 year yields would go down very much when you are worried about longer term inflation not being your target. And also in particular the size of the, the size of the government's debt outstanding.

[Paul Sweeney]

Ira, when you guys held your survey, you also asked about the legacy of Fed outgoing Fed chair Jay Powell. What did you get from that? What was the takeaway for you?

[Ira Jersey]

Yeah, most, most investors thought that Jay Powell did a pretty good job on communication. He did a good job maintaining the Fed's independence. You know, part of this is some people think that, that Kevin Morse won't be quite as independent as Jay Powell was. That certainly was one of the findings of the survey. But generally speaking, people were fond of Jay Powell. Most of them didn't think he was perfect. So we asked an open ended question at the end of the survey and some people said like, hey, you know, he was not great determining that, saying that inflation was, was transitory. But he also reacted relatively quickly to that as well. So I think, you know, Jay Powell will be seen as pretty fondly. You know, the other thing that we pointed out was Jay Powell is one of the few Fed chairs that's had to contend with two economic cycles. You know, obviously Alan Greenspan was in office for so long that he had to deal with multiple cycles, but outside of him, there's been very few Fed chairs in the postwar period that have had to contend with raising interest rates, lowering interest rates, raising interest rates and then lowering interest rates again. And Jay Powell guided the Fed through that whole process over the last eight years.

[Paul Sweeney]

Ira, 30 seconds. Is the US going to be competitive at all in the World Cup?

[Ira Jersey]

I certainly hope so. We should get out of the group stage. Turkey is probably the most challenging, most challenging country that we're going to play in that group. But yeah, it's exciting. Three weeks, weeks away from the beginning of the World Cup. I'm certainly excited. We've also started the club that I co own. We've started our season just this past weekend as well. So a lot of soccer for me the next season.

[Paul Sweeney]

Are you going to go see the World Cup?

[Ira Jersey]

Ira I'm going to one game. Yeah. I'm going down to Philadelphia to see the Ivory coast versus Curacao.

[Bloomberg Intelligence Host]

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