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- [00:02]
HSBC Announcer
In a world that never stands still, we're there to help you act with conviction. At hsbc, we connect the people, ideas and capital to unlock growth, backing your ambitions at every stage. So when you're planning for the next generation, strengthening your portfolio or expanding into new markets, we're there bringing over 160 years of experience to help you move forward. HSBC Opening Up a World of Opportunity.
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Christina Raffini
Bloomberg Audio Studios Podcasts Radio News
- [01:49]
Carol Massar
welcome to the Bloomberg this Weekend podcast
- [01:52]
Christina Raffini
with David Gura, Christina Raffini and Lisa Mateo. Thanks for joining us for today's selection of conversations from the show.
- [02:02]
David Gura
You can listen to our favorite discussions right here on the podcast, but also make sure to join us live every Saturday and Sunday morning starting at 7am Eastern.
- [02:10]
Lisa Mateo
We're on Bloomberg Television Radio and the Bloomberg Business app, bringing you unique takes and in depth interviews on news, politics, lifestyle and culture.
- [02:23]
David Gura
The Senate confirming President Donald Trump's pick for Attorney General Todd Blanch.
- [02:27]
Christina Raffini
We're going to go now to Laura Davidson. She's Bloomberg News Washington Deputy Bureau Chief Laura late night for our colleagues on the Hill before everybody tries to skip town, this looks like when I went to bed last night, it wasn't going to happen. Possibly. And then you had. But you had Bill Cassidy, who had been like the big holdout coming out and changing his mind kind of yesterday. And then it was a holding pattern and then all of a sudden, this got pushed through this morning. Can you walk us through how this came about? Yes.
- [02:54]
Laura Davidson
This is how Congress frequently works, is there's a whole lot of nothing. And then suddenly in the wee hours of the morning, they're able to get the votes and push something across the finish line once Senate leaders have exhausted everyone and they're agreeing to vote for things. So this is really sort of a remarkable end to a weeks long saga. If you had multiple senators coming out and expressing some concerns about Todd Blanche, and also just how Trump is influencing the justice department, particularly this $1.8 billion, quote, anti weaponization fund that would have to support January 6th insurrectionists and other allies of the president, as well as the president being able to cut a deal with the IRS to save himself from any tax audits. So they were able to get some concessions. Some Republicans were able to get some concessions from the Justice Department that really limited the scope of that tax deal, as well as essentially tabling, killing off that anti weaponization fund. You still had two senators who said no way. Susan Collins and Lisa Murkowski expressing broader concerns. But the last vote, what everyone was waiting for, Bill Cassidy of Louisiana, he is a lame duck. Senator Trump essentially opposed him in his primary and he will be leaving Congress next year. Everyone was watching him. He came out on the Senate floor yesterday and said, look, I have some problems with how the Justice Department is being run, but I think that Todd Blanche is going to be better than any other candidate that Trump is gonna put forward. And so therefore, I'm gonna go ahead and give him my support and vote yes.
- [04:20]
David Gura
Let me play a bit of that sound from that speech. Again. This was highly anticipated given that Murkowski defected, Collins defected, what was bill cast? Let's play a listen of what he had to play, a little bit of what he had to say here on the Senate floor.
- [04:30]
4imprint Announcer
Mr. Blanche is not perfect, and he will tell you this, but the choice is not between perfection and Mr. Blanch. It is between Mr. Blanch and another acting Attorney general who may not run the department effectively under President Trump and
- [04:44]
The Hartford Announcer
who
- [04:46]
4imprint Announcer
indeed may not be as good as Mr. Blanche.
- [04:50]
David Gura
Laura, let's pick that apart a little bit there. Not a ringing endorsement.
- [04:53]
Christina Raffini
Better the devil, you know, is really the endorsement I would want going into a new job.
- [04:57]
4imprint Announcer
Sorry, go ahead.
- [04:57]
David Gura
David, what do you, what do you make of what senator had to say to the rationale as he presented it there on the Senate floor?
- [05:03]
Laura Davidson
Well, I think you just have to take a look at some recent history. If you look at, you know, who Trump has talked about having a top that the Justice Department in the past. You his first pick back when he was recently reelected in 2024. He wanted Matt Gaetz, the really embattled and scandal plagued a member of Congress who had had facing all sorts of allegations of, you know, underage sex charges and a whole bunch of problems that really got a very quick swift no from Senate Republicans. That's when he pivoted to Pam. Of course now Blanche will be replacing Bondi. But I think, you know, in that speech Cassidy mentioned that he thinks that Todd Blanche will be a hands on administrator and sort of be able to run a very, very large department with thousands and thousands of lawyers and that he's not worried sort of broadly about Mr. Blanche's character. Whereas he sort of suggested that there would be other candidates that the President might be interested in who he would have more concerns with.
- [05:58]
Christina Raffini
You mentioned that there were these two big concerns and one of them was this anti weaponization fund. And Blanche kind of explain what he did. He kind of wrote a memo or a promise that it's gone away. But my understanding is it's not really binding. Right. So it was enough, it was enough to get him over the line. But can he change his mind?
- [06:16]
Lisa Mateo
Yes.
- [06:17]
Laura Davidson
This is really kind of the legal question surrounding this. What some members of Congress wanted is this written into law saying that this could never come back up again. Instead what they got is sort of, you know, sort of a memo from the Justice Department saying this is going away, but this is, you know, continues to be concerning to, to some members of Congress that this could come back up in future deals. You know, as we've seen, you know, Trump time and time again, you know, has said he didn't really want this to go away even though his allies and aides were telling him that this was going to be sort of sacrificed, you know, for the broader good of getting his attorney general pick across the line. You know, we've seen this on a whole broad range of issues where Trump says, you know, he's moving on but then suddenly brings it up. We've seen this with a reflecting pool, we've seen this with the ballroom of that he continues to fight on some of these personal PR priorities for him.
- [07:02]
David Gura
I don't think that what we saw last night meets the strict definition of a voterama. We had Stephen Dennis, our colleague on a few weeks back and we talked, we talked about that with him. But there was a string of legislation that the Senate dealt with before departing Washington yesterday Another had to do with spending. And I want to ask you about that, Laura, if I could. I mean customarily or at least in recent memory, there have been a lot of these kind of last minute spending bills that have been quite acrimonious. They've led to government shutdowns. What was passed, I think was it 90 to 6 last night was not that it didn't seem like it went down to the wire in the same way that it has in the past. What did the Senate accomplish in that regard? What does it mean for the fall as we look ahead to the midterms in terms of how the government is funded?
- [07:40]
Optum Announcer
Yes.
- [07:40]
Laura Davidson
What they passed is what's called a continuing resolution or a cr. This is essentially a stopgap government funding bill to keep the government open past the deadline when current funding is set to expire at the end of September. This would keep the government open until December 11th. So essentially kicks the can down the road beyond the midterm elections, which no one wants to see a shutdown happen during that. What they haven't resolved yet is they haven't come to agreement with the House. So good points for them doing their advanced reading, but they have not reached the advance of a group stage project of this. So when the, when the Senate comes back on September 14, I note they have just about two weeks to work with the House to get a bill passed. So there's still a chance of a shutdown. Chances ticked down significantly last night when they were able to at least get something on paper that, you know, had broad bipartisan support. But we still could be, you know, talking about a shutdown in late September.
- [08:30]
Christina Raffini
And another votes the Senate also passed this sweeping Russia sanctions bill yesterday that has the senator, the late Senator Lindsey Graham's name on it we talked about a little bit earlier. So it does a couple of things. It allows the President to impose tariffs of up to 100% on Russian energy importers. These are countries that are taking energy from Russia. But it also has some other less popular clauses in there, including it can give the President more flexibility to raise import taxes on other major economies. And it's seems to give him the ability to unilaterally waive these sanctions if he decides they're not a good idea. So this did get a lot of support. But can you walk us through what's in this bill and how effective it's likely to be?
- [09:10]
Laura Davidson
Yeah, this is really kind of a tricky one as there was, you know, a kind of a classic cooperation of coming together of a bunch of different pieces, something for everybody to like, but also something for everybody to dislike. So it had these Russian sanctions, which are, you know, very much something that both, you know, sort of hawks on the Republican side, as well as some Democrats wanted to see happen. These sanctions come in the form of tariffs, which Democrats are not super pleased about, giving the president more authority when it comes to tariffs. This also embedded additional sanctions also on on Iran and Iranian oil producers to bolster some of the sanctions that have been coming from the Treasury Department and gives Congress a little bit more control over that. This is really kind of the strongest rebuke we've seen, you know, in terms of the Iran war coming from Congress. They've largely ceded their power to the White House and Trump on this matter. But, you know, it ultimately did get across the finish line. Part of that is because this was one of those centerpiece pieces of legislation that Lindsey Graham, who died just a couple weeks ago, had wanted to get done. So this was really done in his legacy and, you know, made it through the process perhaps more quickly because, you know, his friends were doing it in his name versus something that could have gotten bogged down by politics.
- [10:19]
David Gura
Covering the waterfront here. Want to move on to the Federal Reserve. And the president had some comments on the Fed when he sat down with Jake Sherman, of course, creature of Capitol Hill, who made his way to the White House to have a sit down with the President of the United States. He's with Punchbowl News, and let me just play a little bit about that, about what he had to say about the Federal Reserve.
- [10:36]
Jake Sherman
Should Warsh, Kevin Warshire, Fed Chair, avoid
- [10:39]
David Gura
a rate hike before the election?
- [10:41]
Advertisement Voice
Well, it's up to him a little bit, but not completely. He's got a board that's very political, right? The United States should pay the lowest interest rate in the entire world.
- [10:52]
Jake Sherman
So you think that he shouldn't hike rates before the election.
- [10:55]
Advertisement Voice
It's not totally up to him. It's up to a board. I think he's great. I won't be criticizing him. But I've said many times, you know, in the old days, 20, 25 years ago, call it the old days, if you announce good numbers, the interest rates went down because you were a better credit. Makes sense. Right now it's all bacocked. Now it's all a different thing. If you announce great numbers, everybody's depressed because we have great numbers. They think what you're going to do is raise interest rates. But in the old days when you announced great numbers, interest rates went down. So I want to go back to those days.
- [11:32]
David Gura
The president there opining on monetary policy with Jake Sherman of Punchbowl. Lauren, let me just ask you about something that kind of complemented this. There was this letter that landed last week. Dan Scavino, the head of the personnel office at the White House, sent a letter to Lisa Cook, the Fed governor, on the heels of all of the travails that she's been through and the Supreme Court decision on her appointment, saying effectively she has to kind of respond to the allegations that have been levied against her with regard to alleged mortgage fraud here by, by mid August, if I'm not not mistaken. Where do things stand with that? What does that say about the White House's approach here to the independence of the Federal Reserve?
- [12:05]
Laura Davidson
Trump is not giving up on his attempts to fire Lisa Cook. The Supreme Court earlier this summer said that when he went about it, he didn't do it the right way. So now we're seeing the White House try some different legal avenues to see if they might be able to to oust her. You know, we heard Trump say there like, look, this isn't all up to Kevin Warsh, of course, that' his hand picked chair at the Federal Reserve, but that there's a broader board here. So you're seeing the White House sort of pivot to seeing if they can pluck off other members of the board that they could then replace with people who'd be more open to the president's view of wanting to lower interest rates rather than raise them. Although, you know, the president did get a little bit of a boost perhaps in yesterday's jobs report, which while from sort of a top line perspective was disappointing in that, you know, we saw some contraction in jobs, but it at least reduces some of the pressure on the Fed to raise rates. I don't know that wouldn't that's necessarily going to lead to a rate cut. But, you know, we see the White House kind of working all angles here to see if they're able to get the monetary policy that the president desires.
- [13:04]
Christina Raffini
And speaking of retreading old ideas, we also had this Trump Birthright tourism executive order that came out this week in which the president seems to be trying to reimpose what the Supreme Court also struck down, making it restricting those who can qualify for birthright citizenship, including staff workers for foreign governments and babies of mothers who lie about their intentions for visiting the country while pregnant. But Laura, is there any way to enforce this?
- [13:30]
Laura Davidson
This is a huge question mark. This almost seems destined for legal challenges and perhaps yet again another Supreme Court challenge in the coming months, if not year. This is, you know, essentially that the White House lawyers have been working overdrive in the past couple weeks to respond to some of those losses that Trump had in the Supreme Court earlier this summer to now get some new executive orders or new actions on the here. But the birthright citizenship was sort of one of his most stinging losses and you know, looks from, you know, because of the constitutional nature of the 14th amendment there something that he's, you know, unlikely to have big legal successes on.
- [14:05]
David Gura
Laura, great to catch up with you. Thank you very much again. I said a lot, lot to cover this morning. It helped us get through.
- [14:09]
Christina Raffini
We gave Laura her own vote. Arama, thank you for being so knowledgeable on all those topics. We appreciate a lot going on in a short period of time.
- [14:15]
David Gura
Our deputy Washington bureau chief stay with us. Join us for more on Bloomberg this weekend right after this.
- [14:27]
HSBC Announcer
In a world that never stands still, we're there to help you act with conviction. At hsbc, we connect the people, ideas and capital to unlock growth, backing your ambitions at every stage. So when you're planning for the next generation, strengthening your portfolio or expanding into new markets, we're there bringing over 160 years of experience to help you move forward. HSBC opening up a world of opportunity.
- [14:56]
Carol Massar
This is the Bloomberg Tech Minute brought to you by ChatGPT. Now with ChatGPT work, I'm Carol Massar. Globetrotters hunting for airfare bargains are in for a rude awakening as the days of stumbling across a cheap seat on a popular flight could soon disappear. Bloomberg's Wan Ha reports that airlines from Delta to Virgin Atlantic are adopting artificial intelligence to change seat prices more quickly by weighing dozens of variables in real time, helping capture more revenue while shrinking pricing gaps that once allowed travelers to find bargain fares. Machine learning models can more accurately forecast demand by analyzing historical booking patterns, seat inventory and seasonal trends, while also continuously tracking competitors fares and capacity changes to update prices in near real time. The technology could lead to higher fares on busy routes as airlines pack flights closer to capacity, but may also result in lower fares on off peak and lower demand routes. That's the Bloomberg Tech Minute brought to you by ChatGPT. Put ChatGPT to work on your most ambitious ideas and projects. Get started@chatgpt.com today by selecting work mode available on plus and Pro plans.
- [16:11]
Optum Announcer
Let's talk about healthcare for a second. It doesn't always work the way people expect it to. If you've ever waited on a prescription refill or had a hard time getting the care you needed. You know the feeling the system should just work better for everyone. That's exactly what the people at Optum are trying to do every day. They're a healthcare company linking patient care and pharmacy services and using data and technology to drive the whole system. So care is connected, not complicated for patients and providers. Things like making it easier to get care that looks at the whole person, from primary care doctors to mental health support and even in home care, and then using technology to make sure they all work together. Technology designed to help doctors spend less time on busy work and more time with their patients and those prescriptions. Optum is working to bring costs down, save patients money and make it easier to get refills. Little by little, Optum is helping make health care work as one for everyone. Head to business.optum.com to see how.
- [17:19]
David Gura
The next summit between President Trump and Xi is scheduled to take place next month in Washington, and the agenda is expected to center on trade and technology
- [17:27]
Christina Raffini
and from a decade. Evan Osnos was a Beijing based reporter. He's also the author of a book, Age of Ambition, Chasing Fortune, Truth and Faith in the New China. These days he's based in D.C. but he recently took a reporting trip to China. In a new piece for the New Yorker, he writes that many of those changes have taken place since 2013 and saying for a long time China looked west for visions of the future. These days it's favoring its own.
- [17:51]
David Gura
Its approach to AI is one illustration of that. Evan Osny is a staff writer for the New Yorker and he joins us now on this Saturday. Evan, I want to start with AI if I could, because you, I'm going to paraphrase you here, you'll forgive me for doing that. But you highlight the distinction between the way that China approaches AI and the way that the US Does. And I think what you sort of indicate is that in the US the debate is about sort of advanced general intelligence, sort of what that might mean for our society as a whole. It is a much more kind of commercially focused aspiration in China than it is here in the US it is, yeah.
- [18:21]
Jake Sherman
The conversation in China is about how to get it out as fast as possible, as far as possible. And they're not just thinking about how do we get it into Chinese factories, but also how do we get it into Africa, Central Asia, Latin America. And so you have a very different conversation when you're going around, as I did, visiting Chinese factories. You're going to AI consultancies that are looking at ways of bringing this into very old fashioned factories. You know, there's not a whole lot of imaginings about, you know, a sci fi future, even though there are elements of that beginning to present themselves in the present. It's really about, all right, how do we go into a brewery, for instance, that's a real example, and say, how do we take beer production and put it into the 21st century? So it is a, it is quite striking, David, when you're on the ground these days about how AI and other technologies feel like they are already part of life.
- [19:17]
Christina Raffini
And it seems to me the energy aspect is a huge part of that. We were talking earlier with Joe from Bank of America talking about the spike we saw in solar stocks this week. And he said part of the reason is what we're seeing in the Gulf and this energy demand. And China has been really out ahead on energy diversity and we're still seeing this mysterious drop in oil imports from China. Is this, Are they more able to throw their weight behind this and back build the infrastructure because of just the way they are structured with their government? They can long term plan in a way that a democracy doesn't have to because we change presidents possibly every four years.
- [19:52]
Jake Sherman
Yeah. This is both the blessing and the curse of having a centrally planned system. You know, the blessing, of course, is when you decide you're all in on all kinds of energy as they have over the course of the last generation. They've gone from producing, you know, something like half as much energy as the United States to producing now much more. And actually in many cases it's cheaper. This is partly because they've been able to say from the top, this is what we're doing. And then that filters down through the system, even down into the localities where you get municipal governments that are even on the individual level. You have politicians in the Chinese system competing for promotions by saying, look, we are investing in solar, we're investing in nuclear, whatever it is. The downside, of course, is that when they go off of true north by a few degrees and end up on an engineering project that turns out to be either out of step with market demands or in some cases like the one child policy which I talk about in this piece, something that produces a huge range of negative economic consequences, then it's very hard to shift that battleship before it can cause more damage. So what we're seeing right now is that this is the moment when those energy investments have paid off and it's been very helpful for them.
- [21:10]
David Gura
Evan, you can count me among those who have been introduced to the new China through your book and through your writing. And I just wondered if you could talk a bit about what it was like to return there on this reporting trip. I think one of the things you observe is kind of the quiet of Beijing in a way that it wasn't before because there are so many electric vehicles now. The means of transportation has changed. The means of commerce has changed as well. The storefronts are less crowded because people are buying things with apps and using delivery services. How different is the new China today than the one that you wrote about now more than a decade ago?
- [21:41]
Jake Sherman
It's very interesting to see it up close now. I mean, having lived there for all these years, you kind of absorb a certain street level sense of what China is. And certainly in the first decade of this century, Beijing was a kind of a cacophonous place. It was a noisy place. And I mean that in all sense of the word. It wasn't just that the cars were noisy, but also there was a real contest of ideas going on. And you would also just go into the alleys. I lived in a hutong house and so it was. You never quite knew what was going to be opening up. There were businesses that would open, they'd be gone in a few months or something else would be built in its place. Today there is a much more distinct feeling of the place that is run from the top. And so on the one hand you get this feeling that it is quite literally quieter because of electric vehicles. But then you also get the feeling that some of that hive of activity that was happening in the margins, the smaller communities of artists or ideas that were bubbling up, those have been silenced in some ways. And that is a feeling of. That feels like a loss. And it also. You do get the feeling though, as you know, I was talking to somebody from Singapore not too long ago and he said about Beijing, he said, when I go there, it feels to me like it now out Singapore's Singapore, meaning that it has that sense of orderliness. But then there is also that bit of sterility and that's a. That getting those two ideas into one sentence is part of the reason why I write a long piece of this kind to try to give people as much a feel as can what it's like on the ground.
- [23:14]
Christina Raffini
You also wrote, which I thought was interesting. Chinese leaders seem to be betting that by speeding toward the future they can outrun the mistakes of the recent past. You mentioned the one child policy. I'm wondering which other ones come to mind. And what they're trying to reverse course on.
- [23:29]
Jake Sherman
One of the things they're trying to address, of course, is the property crash. You know, since 2021, we've all been living through the effects of that economically. There are now, just to put a fine point on it, there are now as many vacant homes in China apartments and vil as there would be to house the entire population of Russia. So you have this enormous overhang from that property crash. And they're saying, look, if we can more or less catapult ourselves into a new phase of economic history, then perhaps we can light a fire again under people, get them feeling like they're no longer, as the saying goes among young Chinese, no longer looking to lie flat. Maybe get people to start feeling more energized about the economy and about their own opportunities. That's really the core of it, guys, I think, is this feeling of, can you reignite that feeling of opportunity? That's the thing that was running through Age of Ambition when I wrote about the China of the 2010s. And there are moments, there are little glimpses, when you go to places in China these days and you see this dynamic frontier of the new economy that is happening. But then when you also talk to people who have felt like those opportunities are only for a privileged few, and they say, look, I'm not equipped for the AI economy. I'm not equipped for this new advanced manufacturing generation. Where do I fit in? And the irony is, of course, it's not a conversation that's all that different from one of the ones we're beginning to have here in the United States. So there's something to it. How do you make sure that many people feel a sense of agency in the new AI in the minute we have left?
- [25:11]
David Gura
I want to ask you about what I found is kind of the most important part of the piece, to my
- [25:14]
Christina Raffini
mind, just in one minute.
- [25:15]
David Gura
I think that, you know, there are a lot of kind of graybeards talking about political theory and the American order waning and what might rise in its place. And you write, spend enough time in Beijing and Washington these days, and the rivalry looks less like a clash of competing systems than a race between small oligarchic groups, tight circles of men with immense power over everyone else.
- [25:34]
Jake Sherman
Future.
- [25:35]
David Gura
Talk a bit more about that, if you would.
- [25:37]
Jake Sherman
Yeah, it is a very noticeable feeling. After I've been working on this for a long time, I came away with the sense that this is the dark matter, the piece that doesn't get described enough. And as clearly which is that there is a feeling both in the United States and in China that these enormous decisions about what role will these new technologies play in our economies, in our private lives, in our own sense of how we educate our kids and how to prepare them for the future. And it doesn't feel like we have a hand in those decisions. And that creates an enormous sense of uncertainty. And I heard this not only from regular people on the street, you could do that in the US but even from some AI executives in Beijing who said, look, I too have these questions. How should I educate my kids to participate in the future? So in some ways there is a point of commonality here which is about how will these two big important countries engage AI in a way that allows their regular citizens to feel as if something is happening with their involvement rather than happening to them.
- [26:42]
David Gura
Evan, it's always great to speak with you. Thank you very much. That's Evan Osnos. He's a staff writer at the New Yorker. His new piece out in this week's issue. Thank you very much, Evan.
- [26:49]
The Hartford Announcer
Appreciate it.
- [26:51]
Christina Raffini
Stay with us for more on Bloomberg this weekend, right after this.
- [26:59]
Carol Massar
This is the Bloomberg Tech Minute, brought to you by ChatGPT. Now with ChatGPT work, I'm Carol Massar. Globetrotters hunting for airfare bargains are in for a rude awakening as the days of stumbling across a cheap seed on a popular flight could soon disappear. Bloomberg's Wan Ha reports that airlines from Delta to Virgin Atlantic are adopting artificial intelligence to change seed prices more quickly by weighing dozens of variables in real time, helping capture more revenue while shrinking pricing gaps that once allowed travelers to find bargain fares. Machine learning models can more accurately forecast demand by analyzing historical booking patterns, seat inventory and seasonal trends, while also continuously tracking competitors fares and capacity changes to update prices in near real time. The technology could lead to higher fares on busy routes as airlines pack flights closer to capacity, but may also result in lower fares on off peak and lower demand routes. That's the Bloomberg Tech Minute brought to you by ChatGPT. Put ChatGPT to work on your most ambitious ideas and projects. Get started@chatgpt.com today by selecting work mode available on plus and Pro plans.
- [28:13]
Optum Announcer
Let's talk about healthcare for a second. It doesn't always work the way people expect it to. If you've ever waited on a prescription refill or had a hard time getting the care you needed, you know the feeling the system should just work better for everyone. That's exactly what the people at Optum are trying to do every day. They're a healthcare company linking patient care and pharmacy services and using data and technology to drive the whole system so care is connected, not complicated for patients and providers. Things like making it easier to get care that looks at the whole person, from primary care doctors to mental health support and even in home care. And then using technology to make sure they all work together. Technology designed to help doctors spend less time on busy work and more time with their patients and those prescriptions. Optum is working to bring costs down, save patients money and make it easier to get refills. Little by little, Optum is helping make healthcare work as one for everyone. Head to business.optum.com to see how Whether
- [29:13]
4imprint Announcer
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- [30:15]
David Gura
Welcome back to Bloomberg this weekend. I'm David Gura with Lisa Mateo and Christina Raffini.
- [30:20]
Christina Raffini
All right, David Gura, how often have you worn camouflage?
- [30:23]
David Gura
Approximately zero times in my life.
- [30:25]
Christina Raffini
That surprises me. Zero percent. All right, so a very specific type of camouflage that you usually see in the deep woods is now getting kind of a resurgence and you're seeing it on runways and city streets. Camouflage is getting a surge and it's getting licensing deals with some major brands. So here to explain what exactly this is and why it's happening is Bloomberg Pursuits Madison Derbyshire, who has come with so when I read this and it said camo, I thought like fatigue camo, but that's not quite it. That was the was what we did in like the early aughts. But this is a different, this is like deep woods camo.
- [30:58]
Madison Derbyshire
This is deep woods camo. We call it hunting camouflage. And when I started reporting the story, I didn't actually know there was much of A difference. But it turns out it's an entirely different category of camo, and it's dominated by a few very large companies in the deep South. And I kind of. I. I didn't even know to be looking for it until I had to write a story last year about hunting that required me to buy an outfit. Bloomberg bought me this beautiful jacket so that I could do the story. And I started wearing it around New York City. You could see it's got, like, leaves and very. I started wearing it around New York City, and people would stop me on the street and ask me where I had got my jacket, what designer was it? And I had to tell them it was Bass Pro Shop from Harlingen, Texas. But. And it cost $15. But it was easily the most complimented item of clothing in my wardrobe.
- [31:48]
Optum Announcer
And.
- [31:48]
Madison Derbyshire
And I started to wonder, like, why were people so interested in the style? And then I started seeing it everywhere.
- [31:54]
Christina Raffini
In New York City, I wore the wrong one.
- [31:56]
Lisa Mateo
I wore the military fatigue camo. Is there a right or a wrong way to wear it? Like, can I don the Yankee hat with the. This is a lot of camo. Does this work?
- [32:09]
Madison Derbyshire
No, I think it works.
- [32:10]
Lisa Mateo
How do you wear camo the right way?
- [32:12]
Christina Raffini
I think she's being very polite, too. She's being very polite.
- [32:15]
Madison Derbyshire
I think it works. But they mean very different. Different things.
- [32:18]
Christina Raffini
So the.
- [32:19]
Madison Derbyshire
That green hunting or this green camo you have on your hat was essentially. It was the only camo that, until the mid-80s, existed because it was created essentially for America's last foreign war, which was Vietnam. But hunters in the American south were frustrated that the camo didn't really work with the topography of the region. And they were still finding themselves, like, very visible to the animals that they wanted to hunt, like turkeys. So there were two. Two kind of major players in this. One's named Toxie Hayes, and the other is Bill Jordan. And they decided to design their own camo in kind of two separate camo empires, one called Realtree, one called Mossy Oak, in order to create a hunting camo that was a little bit more appropriate for the topography of America. And that camo has not been popular in fashion until very recently. Like, this camo was very big part of the anti Vietnam War protest. It's something that you would see in Abercrombie and Fitch. I know that I wore it, like, my entire early adolescence. I wore cargo pants. But to a lot of people, this camo really suggests military. It suggests, like, aggression. It's very masculine. And there's something that's really interesting happening with the hunting camo is that the associations people have with this pattern tend to be very regional. So people who hunt, people who are from the south will be very familiar with this pattern. But until the last five years, you really didn't see it that often in New York.
- [33:44]
David Gura
Let me ask you about that. So you here are the trendsetter going to Bass Pro Shops and coming to New York City wearing this trendsetter. You know, you asked if I've ever worn it. No, But I grew up in the south, so it is recognizable to me. When and how did it make the leap to something that folks here in New York There'd be a cognizant in New York who would recognize what this is.
- [34:01]
Madison Derbyshire
American style, rural Southern style, has kind of become a ubiquitous aesthetic for Americana right now. You see, cowboy boots have had this major boom. Carhartt jackets are everywhere in Williamsburg as
- [34:15]
David Gura
well as the South, Virginia and Brooklyn.
- [34:17]
Madison Derbyshire
Yeah, there's nowhere you can go where men do not want to wear a vintage Carhartt jacket. Which, when I was growing up, like, I have a lot of family in the Deep south, that was considered workwear. My grandfather used to call clothes for honest labor.
- [34:29]
David Gura
Interesting.
- [34:30]
Madison Derbyshire
You bought them in the tractor supply. They were not sold on high streets of Paris the way they are now. But what people were really looking for was this kind of vintage aesthetic. So they started buying the vintage Carhartt that looked like they had been worn in, like, worked in. And the kind of logical next step for that was hunting camo, because it has this very American, very rural association. But people. One of the really interesting things about this moment is people are buying used hunting clothes. So things that have been really broken in are being worn by men who have never hunted a turkey in their lives.
- [35:05]
Christina Raffini
That's what I was going to ask is like, my. My issue with the card, as someone else who grew up with people actually wearing these for work, is like, you're. You're cosplaying a working American. It's giving, like, Marie Antoinette playing milkmaid. Like, is there something kind of off about these guys who've never done this? This, you know, trying to emulate this? Or is that just fashion and just kind of part of the fun?
- [35:24]
Optum Announcer
I think it's both.
- [35:25]
Madison Derbyshire
It's. It is fashion. People want to wear things that suggest an identity that they're. They want to be a part of. Like, denim and workwear really entered fashion in the 70s and 80s when, like, blue jeans were not a thing, right before they came into fashion. Because people wanted to wear things that suggested blue collar. They wanted because it was seen as like more virile, more masculine. And you see kind of the same thing coming into play. We're in this moment where traditional masculinity is kind of politically ascendant. And so there are people who are unironically wearing these articles of clothing because that's what they think an American man looks like. And then there are people who might be wearing it, like the Balenciaga jacket. That kind of fashion loves irony. Right. And so love. They want to suggest these things. And there is something a little ironic about paying $2,600 or $2,700 for a hunting jacket that you can get at Bass pro shop for $15. Right. So it is really interesting the way that fashion takes these controversial images and they ironize them. And also to some people, like, one of the things I think we don't talk about enough is there's just not that many patterns that men feel like they can wear that are culturally acceptable for men to wear that fit with traditional ideas of masculinity. You know, they don't really have animal prints the way that women do. They don't really have florals unless they're feeling particularly bold. Maybe they have stripes. And camo is one of those things that men really gravitate towards and then women gravitate towards to steal from the men.
- [36:56]
David Gura
Madison, thank you very much.
- [36:57]
Madison Derbyshire
Thanks so much for having me. This was really fun.
- [37:01]
Lisa Mateo
Stay with us for more on Bloomberg this weekend, right after this.
- [37:09]
Carol Massar
This is the Bloomberg Tech Minute brought to you by ChatGPT. Now with ChatGPT work, I'm Carol Massar. Globetrotters hunting for airfare bargains are in for a rude awakening as the days of stumbling across a cheap seed on a popular flight could soon disappear. Bloomberg's Wan Ha reports that airlines from Delta to Virgin Atlantic are adopting artificial intelligence to change seed prices more quickly by weighing dozens of variables in real time, helping capture more revenue while shrinking pricing gaps that once allowed travelers to find bargain fares. Machine learning models can more accurately forecast demand by analyzing historical booking patterns, seat inventory and seasonal trends, while also continuously tracking competitors fares and capacity changes to update prices in near real time. The technology could lead to higher fares on busy routes as airlines pack flights closer to capacity, but may also result in lower fares on off peak and lower demand routes. That's the Bloomberg Tech Minute brought to you by ChatGPT. Put ChatGPT to work on your most ambitious ideas and projects. Get started at chatgpt.com today by selecting work mode available on plus and Pro plans.
- [38:24]
Optum Announcer
Let's talk about healthcare for a second. It doesn't always work the way people expect it to. If you've ever waited on a prescription refill or had a hard time getting the care you needed, you know the feeling the system should just work better for everyone. That's exactly what the people at Optum are trying to do every day. They're a healthcare company linking patient care and pharmacy services and using data and technology to drive the whole system so care is connected, not complicated for patients and providers. Things like making it easier to get care that looks at the whole person. From primary care doctors to mental health support and even in home care. And then using technology to make sure they all work together. Technology designed to help doctors spend less time on busy work and more time with their patients and those prescriptions. Optum is working to bring costs down, save patients money and make it easier to get refills. Little by little, Optum is helping make healthcare work as one for everyone. Head to business.optum.com to see how.
- [39:23]
4imprint Announcer
Whether you're planning a big tech event, launching a new campaign, or just stocking up on team gear, finding the right promotional products makes all the difference. 4imprint offers thousands of options from on trend apparel and premium drinkware to tech totes and giveaways so you can find the right fit for any audience, purpose or budget. You can customize it all. Your logo, your message, your look and many items come with no setup charge to help you save. And if you're really watching the bottom line, you'll find standout choices at every price point so you can make a real impact while staying on budget. Plus, you'll get expert help, fast turnaround times and their 360 degree guarantee so you can be four imprint certain your order will arrive on time and look exactly right. Whatever your goal, 4imprint makes it easy to find your perfect promo match. Explore the possibilities today@4imprint.com for Imprint for certain.
- [40:26]
Christina Raffini
All right, welcome back to Bloomberg this Weekend or BT Dubs. I'm Christina Raffini with David Gura, who's not going to argue with me about
- [40:32]
David Gura
still thinking about the $100 hot dog.
- [40:34]
Christina Raffini
I think Lisa's about to tell us about the $100 hot dog as well as other stories you might have missed this week.
- [40:39]
David Gura
Lisa fast becoming an obsession?
- [40:40]
Christina Raffini
Really? Are we starting with this or starting with something else?
- [40:43]
Lisa Mateo
All right, I'm going to start in slow. We're going to get the anticipation for the hot dog.
- [40:49]
David Gura
It's high. Everyone can't wait. I really can't stop talking about it.
- [40:53]
Lisa Mateo
How about this?
- [40:54]
Christina Raffini
Please speak so David doesn't anymore.
- [40:56]
Lisa Mateo
Preseason football.
- [40:57]
David Gura
My gosh.
- [40:58]
Carol Massar
Here we are.
- [40:59]
Christina Raffini
I'll check my phone.
- [41:00]
Lisa Mateo
He's always starting to talk about the preseason football. Okay, so Bloomberg Weekend has a story out. Sports fans stare down $2,000 streaming bill.
- [41:09]
Laura Davidson
Come on.
- [41:09]
David Gura
To follow that is $2,000 hot dogs, by the way.
- [41:14]
Lisa Mateo
Out of control. As David Gura just is the reason why these pro leagues are just signing these deals with multiple services, right? Because you're sitting there trying to watch the game and you're like, where is it playing? Is it on crime? Is it on this? Is it on Peacock? Is it on where?
- [41:27]
Christina Raffini
Where am I going to know how hard this was? Because we know I don't watch the sports ball, but when I did it actually try to watch the World cup, the only place I could find it on the 18 streaming services I get was like Univision through NBC. I watched it in Spanish.
- [41:39]
Lisa Mateo
You did?
- [41:40]
Wise Announcer
Yeah.
- [41:40]
Lisa Mateo
See, there you go.
- [41:42]
Christina Raffini
It was really hard to find. I can swear in Spanish, but I'm not going to keep going.
- [41:47]
Lisa Mateo
Let me break down how the 2000 comes out. Okay, so these are for people who, let's say you're from upstate New York and you move to Florida. But you want to watch your New York teams. Here's what you gotta do. You have to pay $130 a year for MLB to watch Yankees maybe. Okay. Then you have to subscribe to ESPN+ during hockey season to watch the Sabres. You have to subscribe to another five streaming services to make sure you get every Buffalo Bills game. Cause they're all in different streaming services. Out of control. I'm telling you.
- [42:15]
David Gura
Out of control.
- [42:16]
Christina Raffini
I know we all hated cable, but like, can we just go back to cable? It really was a better deal.
- [42:20]
Lisa Mateo
And I have cable. And you still can't watch. Cause summer are like exclusive to these services.
- [42:24]
David Gura
So it's enough to make you go to a sports bar where you can watch it on TV no matter what. But no, it's true. And actually, so I have a son who's a Yankees fan. It's quite hard because games will be blocked out as well. You can't. You're local and you can't watch.
- [42:35]
Christina Raffini
Wait, really?
- [42:36]
Lisa Mateo
The blackout?
- [42:37]
David Gura
Yes, it's designed to infuriate.
- [42:40]
Lisa Mateo
It is.
- [42:41]
David Gura
What else you got?
- [42:42]
Lisa Mateo
Are you guys a fan of cooking shows? I love cooking shows.
- [42:45]
David Gura
I am.
- [42:46]
Christina Raffini
I really am.
- [42:46]
Lisa Mateo
I do. I love watching them. Okay, so guess who has one U.S. secretary of Health Human Services. RFK Jr. Has.
- [42:52]
David Gura
I did not know this.
- [42:54]
Christina Raffini
The thing I like about cooking shows is it's not politics.
- [42:57]
David Gura
Lisa, that was a radical turn. Okay? It's got a show.
- [43:00]
Lisa Mateo
The Washington Post. So the show is on. It's on YouTube. The reviews are out. This one's from The Washington Post. RFK Jr. S cooking show is a rich person's solution to a poor person's problem. Okay, so the show is basically based on this premise that, yes, America's diet is horrible, right? So. So he has a special celebrity chef each time who goes along with him, and they want to. Here it is. How to cook delicious, nutritious meals with real ingredients at affordable prices. So that's the premise of it.
- [43:26]
Advertisement Voice
It is.
- [43:26]
Lisa Mateo
But here's the problem that the Washington Post found is that in an episode, he goes through salmon cakes, right? How to make it, the arugula salad with it, and he says the recipe is gonna work for about $4.91. The problem is that that's the priority serving.
- [43:41]
David Gura
You can't grow your own arugula.
- [43:42]
Lisa Mateo
So if you want a little arugula, you know, if you don't want to buy the whole container of mayonnaise, Avocado mayonnaise. So it doesn't take that into consideration. They say it really comes out to, like, $73.46 a person. So that's interesting. Holy crap. Yeah, so it's a big difference if you think about it.
- [43:58]
Christina Raffini
Also, like, economies of scale when you're cooking for a family. Like, even as a single person who tries to cook, like, sometimes it just doesn't save you that much money because you can't eat it fast enough. You can't make enough enough. And you have to buy a giant thing of arugula or giant thing of olive oil. Like, if you don't have that stuff in your house, it's really expensive.
- [44:12]
Lisa Mateo
Yeah.
- [44:13]
David Gura
Second show here by a cabinet secretary. Sean Duffy had that show, travel show, his family, but it's not out yet. Nobody knows where it is. So stay tuned.
- [44:20]
Christina Raffini
We'll give you miss that.
- [44:21]
Lisa Mateo
All right.
- [44:22]
Christina Raffini
Well, okay.
- [44:24]
Lisa Mateo
Okay. You want to get to the hot dog? Can we do it?
- [44:26]
David Gura
We do.
- [44:27]
Carol Massar
Let's do it.
- [44:27]
Lisa Mateo
Wash. Wall Street Journal has it out. You got to see the pictures. The rise of the $100 hot dog.
- [44:34]
David Gura
Is that caviar?
- [44:35]
Lisa Mateo
If you're listening on radio, there is caviar on a hot dog. Okay, this is. We have a rich man's $100 golden glitzy. Okay?
- [44:43]
David Gura
The golden glitzy.
- [44:43]
Lisa Mateo
It has mascarpone, 30 grams of caviar, 24 karat edible gold flakes, and it's served on a fresh croissant bun. And yes, there is a hot dog included in that.
- [44:52]
David Gura
Do you remember that vodka that had gold flakes in it?
- [44:54]
Advertisement Voice
Goldschlager.
- [44:54]
Lisa Mateo
Goldschlager. Oh, that was a college face.
- [44:56]
Christina Raffini
That's a throwback.
- [44:58]
Lisa Mateo
That was a classic.
- [44:59]
David Gura
As I continue to derail this segment, I'm just gonna take us down that path. Where can I get these hot dogs?
- [45:03]
Lisa Mateo
Lisa, you can get this. Okay, so there's one at Breckenridge Sea Resort, right? You used the tower of hot dogs.
- [45:09]
Christina Raffini
Should have gone while you were in
- [45:09]
Lisa Mateo
Aspen instead of the Tower of Voicers. You can get a tower of hot dogs for $60.
- [45:14]
David Gura
For $60.
- [45:15]
Lisa Mateo
And instead of a foot long, how about a two foot long.
- [45:17]
David Gura
Oh, hello
- [45:21]
Lisa Mateo
on a 19 inch bunch? All right, we are going off the rail. It's $45 at Coors Field in Denver. Let's move on.
- [45:31]
David Gura
Why is it all in Colorado?
- [45:32]
Lisa Mateo
It's because
- [45:36]
Christina Raffini
my home state likes to eat things outside, and I don't know. Please move on before I get fired.
- [45:45]
Lisa Mateo
Let's hit it. Okay, so private colleges are admitting more students who didn't apply. This isn't bloom. This is actually interesting because I just met my daughter, received a letter from a college she never applied for and said that she got an 18,000 scholarship to it. So this is happening. Here's the reason why. Okay, so the common app, this is where parents kind of sign on and you can click. And it makes applying to schools super easy. But they're now doing. They're participating in direct admission. And so what that means is that, you know, kids can just start getting admitted into these colleges that they never applied for. And so what it's doing, they're saying it's opening up to a more diverse crowd. It's helping because all these colleges are fighting to get students to apply, and the private ones are closing down a lot. So it's just a way to kind of increase their enrollment. And students are saying it's opening up their eyes to the scholarships that are available.
- [46:35]
Christina Raffini
That's how I ended up at tcu, is you take the PSAT in those colleges, it's not an offer, but they will try to recruit you. And I did get a letter from. From a school I'd never heard of and ended up going there because they gave me money. So it's kind of a cool thing. I like that. It is.
- [46:47]
Lisa Mateo
It is.
- [46:47]
Christina Raffini
I like that more than a $100 hot dog at the moment, I like it more than David Gurh.
- [46:52]
David Gura
Thank you Lisa with btw, stay with
- [46:56]
Lisa Mateo
us for more on Bloomberg this weekend, right after this.
- [47:04]
Carol Massar
This is the Bloomberg Tech Minute brought to you by ChatGPT. Now with ChatGPT Work Work, I'm Carol Massar. Globetrotters hunting for airfare bargains are in for a rude awakening as the days of stumbling across a cheap seat on a popular flight could soon disappear. Bloomberg's Wan Ha reports that airlines from Delta to Virgin Atlantic are adopting artificial intelligence to change seat prices more quickly by weighing dozens of variables in real time, helping capture more revenue while shrinking pricing gaps that once allowed travelers to find bargain fare. Machine learning models can more accurately forecast demand by analyzing historical booking patterns, seat inventory and seasonal trends, while also continuously tracking competitors fares and capacity changes to update prices in near real time. The technology could lead to higher fares on busy routes as airlines pack flights closer to capacity, but may also result in lower fares on off peak and lower demand routes. That's the Bloomberg Tech Mini brought to you by ChatGPT. Put ChatGPT to work on your most ambitious ideas and projects. Get started@chatgpt.com today by selecting work mode available on plus and Pro plans.
- [48:18]
Optum Announcer
Let's talk about healthcare for a second. It doesn't always work the way people expect it to. If you've ever waited on a prescription refill or had a hard time getting the care you needed, you know the feeling the system should just work better for everyone. That's exactly what the people at Optum are trying to do every day. They're a healthcare company linking patient care and pharmacy services and using data and technology to drive the whole system so care is connected, not complicated for patients and providers. Things like making it easier to get care that looks at the whole person, from primary care doctors to mental health support and even in home care, and then using technology to make sure they all work together. Technology designed to help doctors spend less time on busy work and more time with their patients and those prescriptions. Optum is working to bring costs down, save patients money and make it easier to get refills. Little by little, Optum is helping make healthcare work as one for everyone. Head to business.optum.com to see how Whether
- [49:18]
4imprint Announcer
you're planning a big tech event, launching a new campaign, or just stocking up on team gear, finding the right promotional products makes all the difference. 4imprint offers thousands of options from on trend apparel and premium drinkware to tech totes and giveaways so you can find the right fit for any audience purpose or budget. You can customize it all. Your logo, your message, your look and many items come with no setup charge to help you save. And if you're really watching the bottom line, you'll find standout choices at every price point so you can make a real impact while staying on budget. Plus, you'll get expert help, fast turnaround times and their 360 degree guarantee. So you can be four imprint certain your order will arrive on time and look exactly right. Whatever your goal, 4imprint makes it easy to find your perfect promo match. Explore the possibilities today@4imprint.com 4imprint for certain.
- [50:21]
David Gura
Well, it's time for one of my favorite moments in the show, the pointed news quiz.
- [50:25]
Christina Raffini
Now it's your favorite.
- [50:26]
David Gura
I've got my chips right on the table in front of me. Christina counting hers up as well. Lisa Mateo here is with quiz of the week. The questions. What do you have?
- [50:35]
Lisa Mateo
Questions. Okay, for those playing at home, here's how it works. Okay, so they each have 30 chips in front of them.
- [50:41]
David Gura
They're broken in 30ish.
- [50:42]
Christina Raffini
Okay. Tall today.
- [50:45]
Lisa Mateo
And what they will do is they will place their bets on each category to figure out, you know, if you feel like you're confident about the first category, you might want to put all your chips on there. Or maybe you might want to not put something on the second category category because you're like, I don't think I know enough about. About it.
- [51:01]
David Gura
Yeah.
- [51:02]
Lisa Mateo
So let's get right to it. Okay, you ready to play along? I'm ready to play your three categories. Here we go. The first is trade war.
- [51:09]
Advertisement Voice
Yes.
- [51:09]
Christina Raffini
Trade wars.
- [51:10]
Lisa Mateo
Yes. The second is malls. Malls, Very good. And the third is outbreaks.
- [51:15]
David Gura
Oh, okay.
- [51:16]
Lisa Mateo
So what do you know the most
- [51:17]
Christina Raffini
about quite a running the gambit there. I feel confident in malls.
- [51:22]
Lisa Mateo
How are you placing your bets?
- [51:23]
David Gura
You know, I haven't used the Raffini strategy in recent weeks. It has worked to my advantage, but today I'm going to lean on it. I'm going to go 10 on each.
- [51:29]
Lisa Mateo
10 on each category.
- [51:30]
Christina Raffini
I'm also going to do 10 on each.
- [51:32]
Lisa Mateo
10 on each.
- [51:32]
Christina Raffini
Lisa, look at me. If you let him cheat this week, I we'll follow you to your car. Okay, here we go.
- [51:38]
Lisa Mateo
Trade wars.
- [51:39]
Christina Raffini
Trade wars.
- [51:39]
Lisa Mateo
Here is your question. In a retaliatory move, China is limiting exports to the US of what tech product commonly made by dgi.
- [51:49]
Christina Raffini
Did you hear this?
- [51:50]
Lisa Mateo
So what is the name? DJI dji. Sorry? DJI dji.
- [51:55]
David Gura
Limiting exports to the US of what tech product commonly Made by dji.
- [52:02]
Lisa Mateo
What is this product called? We need a hint.
- [52:06]
Christina Raffini
No, we do not.
- [52:07]
Laura Davidson
No, we do not.
- [52:08]
Christina Raffini
We do not need a hint.
- [52:10]
David Gura
All right. I rode microchips.
- [52:12]
Lisa Mateo
Microchips. No.
- [52:14]
Madison Derbyshire
Drones.
- [52:15]
Carol Massar
And she drove picture.
- [52:16]
Christina Raffini
I even drew a little picture.
- [52:17]
Lisa Mateo
Look at that. You are correct. I know. So President Xi Jinping, he's scheduled to meet with Donald Trump in the US Next month.
- [52:23]
David Gura
Yes.
- [52:23]
Lisa Mateo
They agreed to build this relationship for constructive strategic stability. Yes. So, yeah, Christina is up.
- [52:31]
David Gura
David Gura handsmeet.
- [52:33]
Christina Raffini
They also make very good wireless microphones. A lot of podcasters use dji. Yeah, those little clip on ones that are the square. Those are DJI mics. They're very good.
- [52:40]
David Gura
Oh, do we use Those? Are these DJI mic?
- [52:44]
Christina Raffini
This is more like if you're like a YouTuber, they're very popular.
- [52:46]
David Gura
Not an endorsement. Not a paid endorsement.
- [52:49]
Lisa Mateo
Not at all.
- [52:50]
David Gura
All right, all right.
- [52:51]
Lisa Mateo
Are you ready for malls?
- [52:52]
David Gura
I feel sad.
- [52:53]
Christina Raffini
I feel good about this category.
- [52:55]
Lisa Mateo
Christina, you're to going. Okay.
- [52:56]
Christina Raffini
Okay.
- [52:57]
Lisa Mateo
Which edgy American mall staple is being sold to the parent company of Spencer's Edgy and Spirit Halloween?
- [53:05]
Laura Davidson
Spencer's Edgy store.
- [53:07]
Madison Derbyshire
Spencer's is the clue.
- [53:08]
Lisa Mateo
Okay. But it's being sold to the parent company of Spencer's Wet Seal. Still in big Gosh. I remember that.
- [53:16]
Christina Raffini
I'm going to say something, but I don't want to give him a hint again like I did last week. So I'm going to wait. I'm going to wait.
- [53:20]
Lisa Mateo
Come on, David.
- [53:21]
David Gura
Okay. All right.
- [53:22]
Lisa Mateo
Edgy mall staple. An edgy store that you can see.
- [53:26]
David Gura
I wrote Claire's.
- [53:27]
Optum Announcer
That's not edgy.
- [53:28]
Lisa Mateo
What are you talking about?
- [53:29]
Christina Raffini
This is a place David Gura has never shopped in his life. I believe it is a hot topic.
- [53:35]
David Gura
You are correct.
- [53:36]
Christina Raffini
Hot Topic and Spencer's were always next to each other.
- [53:39]
David Gura
What is Hot Topic?
- [53:40]
Christina Raffini
I'm sorry, what is Hot Topic?
- [53:41]
Lisa Mateo
It's more like goth. A little bit goth, would you say?
- [53:43]
David Gura
Right.
- [53:44]
Christina Raffini
It is 100% Goth. Yes. If you were an aspiring goth and Colorado Springs, Colorado who went to Catholic school and had to wear uniforms, all you wanted in life was to dress in all the things your mother wouldn't let you buy at Hot Dog.
- [53:56]
David Gura
So if any Raffinis are watching the program and want to send in photographs of that era in your life, which may or may not be shown on air.
- [54:03]
Christina Raffini
None of the Rafinis are watching. They can't hear me. That would be amazing. Control. They're gonna text my brother. Oh, Lord.
- [54:09]
Lisa Mateo
Okay, David gura, I have 20 tips in front of me. And you've got 10 there.
- [54:12]
Jake Sherman
Yeah, you.
- [54:14]
Christina Raffini
All these little piles.
- [54:15]
Jake Sherman
I have.
- [54:15]
Christina Raffini
Look how nice.
- [54:16]
Lisa Mateo
Outbreak.
- [54:17]
David Gura
It's the summer doldrums.
- [54:18]
Christina Raffini
I feel a little hubristic over there this morning.
- [54:19]
Lisa Mateo
Okay, I think you're gonna get this one.
- [54:21]
Christina Raffini
I'm not sure about this category.
- [54:22]
Lisa Mateo
Okay, outbreaks. Which food is being blamed for a salmonella outbreak across 27 states? Varieties include Tam and Goliath. So what food a salmonella outbreak? Oh, gosh, we're not talking about cyclospora.
- [54:38]
David Gura
That was a different vegetable.
- [54:40]
Christina Raffini
All I can come up with is that one.
- [54:42]
Lisa Mateo
What food is with it?
- [54:44]
David Gura
Oh, it's a type of food.
- [54:47]
Lisa Mateo
Yes, it's a type of food.
- [54:49]
David Gura
I wrote tomatoes.
- [54:50]
Christina Raffini
No, I wrote lettuce, which I know is not right.
- [54:53]
Lisa Mateo
No jalapenos.
- [54:54]
Christina Raffini
Oh, I did read those.
- [54:56]
David Gura
I love jalapeno.
- [54:57]
Lisa Mateo
Like Qdoba tobacco.
- [54:58]
Christina Raffini
I did read that. Yeah.
- [55:00]
Lisa Mateo
Chairs were down for, like, sweet green. It was. It was a. It's a pretty bad time. So how many eat is a pretty bad. What can you eat? I know.
- [55:09]
David Gura
He came the lettuce chorito. Have you had the enchirito? What is it? There's like, a enchirito. It has no lettuce and maybe no jalapenos in it as well.
- [55:18]
Lisa Mateo
All right, guys, we're not doing David Gurr. I think you got that wrong.
- [55:22]
Christina Raffini
Yeah, I'm sorry.
- [55:22]
Lisa Mateo
So you have how many chips you have gotten out of here? None.
- [55:24]
David Gura
But fortunately, the bonus is an all or nothing situation, right?
- [55:27]
Christina Raffini
No, it is not an all or nothing situation. Lisa's changing the rules.
- [55:33]
David Gura
Bonus bonus round. We always go all of in is aviation.
- [55:36]
Christina Raffini
Always go all in.
- [55:38]
Lisa Mateo
Brazil is investing in Macau, but. Okay. Hoping it will become a source of sustainable aviation fuel. What is Macauba? And I hope I I said that correctly. Macau.
- [55:53]
David Gura
It's hard when those vowels are dancing with one another.
- [55:56]
Lisa Mateo
The A and the U. Brazilian.
- [55:58]
David Gura
Yes, yes.
- [56:00]
Laura Davidson
Brazilian dance.
- [56:01]
David Gura
I don't know. Might be an aviation fuel.
- [56:04]
Lisa Mateo
What is this? I did say that could be used for aviation.
- [56:08]
Christina Raffini
I wrote palm oil, but I got it.
- [56:11]
Lisa Mateo
Palm oil. Nope, sorry.
- [56:13]
Laura Davidson
It's a fruit crusader.
- [56:18]
Lisa Mateo
Hold on. Yes. It grows on palm trees. Okay. Brazil's investing $3 billion.
- [56:23]
Christina Raffini
That's Palm. Yeah, that's why I couldn't remember.
- [56:26]
Lisa Mateo
But you had the palm oil.
- [56:27]
Christina Raffini
Sorry for that model, but it doesn't look like a fruit. I saw this article. I thought it was a nut. Eventually. Yeah.
- [56:33]
Lisa Mateo
And they're trying to modify it to become, like, larger oil safier to handle because it has thorns on it.
- [56:38]
Christina Raffini
And it's kind of hard to handle, hard to harvest.
- [56:40]
Lisa Mateo
So yes. So that means Christina is our champion. And you know what? You win. You have a prize today. Yes, a camo jacket from our camo loan from our colleague Madison segment.
- [56:52]
Christina Raffini
All right, I'm going to disappear with my win here.
- [56:55]
David Gura
You can test your knowledge on all 10 questions you can find at bloomberg.com or in the Bloomberg Business app. You can take that pointed quiz there. Multiple choices available. Thank you for joining us on Bloomberg this weekend.
- [57:05]
Christina Raffini
Thanks for joining us on today's Bloomberg this Weekend podcast. Don't forget to tune in live for the show every Saturday and Sunday morning starting at 7am Eastern.
- [57:13]
David Gura
We're on Bloomberg Television Radio and the Bloomberg Business App bringing you unique takes and in depth interviews on news, politics, lifestyle and culture.
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Optum Announcer
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Lisa Mateo
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