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Iran Submits Response to US Proposal; Hantavirus Ship Arrives in Tenerife
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- [00:00]
Congressman John Olcheski
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- [02:05]
Announcer
Bloomberg Audio Studios Podcasts Radio News welcome to the Bloomberg this Weekend Podcast with David Gura, Christina Raffini and Lisa Mateo.
- [02:20]
Christina Raffini
Thanks for joining us for today's selection of conversations from the show.
- [02:24]
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.
- [02:32]
Lisa Mateo
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- [02:44]
David Gura
Breaking news that Iranian state media reporting mediators have submitted their response to the US proposal to end the war via Pakistan.
- [02:51]
Christina Raffini
This comes 10 weeks into the conflict and frankly into our show, which launched the same weekend as those attacks. The conflict has disrupted global energy supplies. We're still waiting, as Lisa mentioned, on more details on what exactly is in that Iran response. But joining us now is Bloomberg News White House correspondent Jeff Mason, who is on White House duty this weekend. Jeff, are we hearing anything from the White House yet? Were we expecting this today or we all just kind of waiting to see when this popped into our inboxes and flashed across the terminal?
- [03:19]
Jeff Mason
It's a wait and see situation. Christina, I have asked the White House for a react for your reaction or a response and haven't heard back from them yet. I imagine that the White House and the US Administration broadly is still digesting this response in terms of when we expected it. The president had told reporters on Friday that he was expecting to have that response that night. So they've been waiting all weekend for it to come in. And now it's in. And now what we'll, what we'll want to be asking and seeing is whether or not it's acceptable to President Trump what, what they have, what they've responded to, and whether the conditions are enough that this cease fire will continue so that they can move on to talks about the nuclear program in Iran that President Trump said was the actual reason for getting into this war in the first place.
- [04:05]
David Gura
Jeff, we talk about a ceasefire. It's a funny kind of cease fire because the attacks keep coming. We saw drone attacks this morning on some tankers in the Strait of Hormuz. Of course, we saw the US Retaliate on Iran after some attacks earlier in the week on other vessels. Here the president continues to be so adamant that we do have a cease fire in place. He talks about the prospects of extending one. To go back to what I said, it is a funny one in that there still seems to be a lot of attacks taking place in the region while this is in place.
- [04:29]
Jeff Mason
Yeah, I couldn't say it better, David. It's a war and a messaging of contradiction. And that's really been characteristic of how the president and the US has talked about or engaged in this war from the very beginning, from some confusion over what the actual aims were to the status of the ceasefire, to what is acceptable now during a ceasefire. I think the president has wanted to portray this ceasefire is not being threatened because he wants it to continue and he wants there to be a deal. And I might add, he wants there not to be major hostilities going into his trip next week or this week now, I should say on Tuesday to China. China, of course, will, excuse me, Iran, of course, will be one of the, the big topics at that summit between President Trump and President Xi. And it's not the backdrop. He wants to have continued fighting in there even if they haven't agreed on a full on peace deal yet.
- [05:25]
Christina Raffini
And speaking of that, Jeff, there is also this sequencing issue wherein if the US Agrees to the ceasefire and reopening of the Strait, the US Will then lose a lot of their leverage going into nuclear negotiations which are supposed to take place maybe possibly after this is settled. Has any of that been resolved and what are the two big sticking points that still exist between these two proposals in these two nations?
- [05:50]
Jeff Mason
Well, nothing has been resolved that I can tell anyway. I mean, they haven't announced any, any progress yet other than the fact that they are talking and that is something, and talking through the Pakistani mediators, of course. But you're spot on, Christina, to mention that in terms of the Strait of Hormuz, and that is another broader consequence of this war in general, Iran has ended up flexing its muscles and its leverage with the Strait in a way that it never had before this war. And so that will be a really interesting thing to see is how the two sides work that out going forward. I think the US Would like to see Iran not involved at all in governing how ships get through the Strait of Hormuz. Iran, however, has realized that that is a huge piece of leverage that it has and seems unlikely to just throw that away or give that up. But that is the, in terms of sequencing, as you said, that's the first question, getting that fixed so that Iran can start getting more money back into its economy and so that the global economy is not hamstrung by, by the Strait being blocked.
- [06:55]
Christina Raffini
I think a lot of regional allies and Gulf nations have that same concern. All right, Jeff, thank you for the scramble. Always nice to see you this morning. Thanks for breaking down that breaking news.
- [07:04]
David Gura
Thanks so much, Jeff. We're going to bring another voice now, Democratic Congressman from Maryland, Johnny Chesky, known as Johnny O. To his friends and constituents in the 2nd congressional district there in Maryland, Baltimore City, Baltimore County, Carroll county as well, I believe. Congressman, thanks for being here. You sit on the Foreign Affairs Committee. And I just want to start with the news that we're kind of going through this morning. The fact that we have reporting that that response to the US Proposal has been conveyed via the Pakistanis to the US Your reaction to that and what do you need to see in that response to feel better about the prospects of this conflict coming to an end?
- [07:33]
Congressman John Olcheski
Well, some great reporting there, and like everyone else, I'm waiting to see what the details are. But we have to take a step back and remember that we're waiting for agreement on a ceasefire that is only necessary because of a problem that President Trump created in the first place. Iranians would not know that they had this potentially powerful tool in closing the Strait of Hormuz, but for our attack. And so this is, as you were pointing out, just one step in a much larger conversation about the very real concern about having a nuclear armed Iran. But we're really in a place now where the President, I think, is looking to save face. It's a war that we know now there was not a clear imminent threat. But as has been true throughout this war, as a member of the Foreign Affairs Committee, I've gotten zero up to date real time information from this administration. There have been no public hearings. And so it's really a little bit like poking in the dark to try to figure out where we are and where this administration hopes to land ultimately.
- [08:33]
Christina Raffini
Are you concerned about the lack of what you just talked about, a consultation with Congress, as well as something people keep talking about with us is the lack of technical experts going into these negotiations? When they negotiated the original Iran nuclear deal, which the Trump administration pulled out of during the first term, that was months and months of negotiations in Geneva with multilateral partners, with State Department officials, junior officials, people from iaea. The State Department, as far as we can tell, has been largely cut out of these negotiations. It is really only three people. And the president seems making these decisions on. Are you confident that they have the knowledge they need to go into these rooms and come out with a deal that is advantageous to the United States?
- [09:13]
Congressman John Olcheski
Fortunately, I'm not confident. What I can tell you is what I do know from sitting on the Foreign Affairs Committee is that even if the State Department were at the table, that department has been absolutely gutted. So a lot of the support infrastructure that should be in place doesn't exist. And the fact that this president also on top of that, likes to go it alone so much is really problematic for, I think, finding those kind of sustainable deals. What worries me in all of this is that we're going to end up with a deal that is equal to or maybe even worse than that. Jcpoa, which was imperfect, by the way, there were opportunities for improvement, but President Trump created this environment in the first place by ripping up that original agreement, allowing Iran to really go at their enrichment program with great vigor following ripping up that, that deal that, as you mentioned, was very involved and very detailed. And so now we're back at a place where, if we can get through a ceasefire agreement and if we can get back to the table, I'm hopeful that we can get back to a place where there's not enrichment happening. But we have a long way to go. And in the meantime, there's been an incredible amount of pain inflicted upon not just Americans in terms of service members, lives lost, hundreds, if not at least tens of billions of dollars. SPE painted the pump for Americans and frankly, across the globe. And so we're asking here, you know, to what end? And I think at this point, the president can't really answer that question.
- [10:44]
David Gura
Let's talk a bit about what this has to bear on US Politics. I'm just going to note here. Chris Wright, the energy secretary, is on Meet the Press with Kristen. Welcome, NBC News. He said the US Isn't going to take off any options off the table when it comes to Iran. An interim Iran deal has got to be possible, he said. And then he noted gasoline and diesel prices are going to remain up while this war continues. I'm curious how you see that pressure mounting as you talk to constituents and make your way around the district. You mentioned you haven't been briefed formally by this administration on the Foreign Affairs Committee. We did see the secretary of defense go up and speak to the Armed Services Committee. There is some speculation that maybe we're reaching a greater appetite for War Powers resolution on Capitol Hill. What's going to change the conversation or the political terrain? Is it going to be gas prices, diesel prices continuing to rise apace, or is it going to be that the longer this lasts without any indication of
- [11:33]
Congressman John Olcheski
sort of where the direction of this
- [11:34]
David Gura
war is headed from, the administration is going to finally lead you and your colleagues to do more, try to do more, to get administration officials up to Capitol Hill to give you some answers.
- [11:42]
Congressman John Olcheski
Appreciate those questions. I'll start with the War Powers Resolution. I mean, this is now beyond the 60 days and the flexibility that my colleagues on the Republican side have said the president deserves. So it's not a suggestion. It's the law. If the president wants to continue military operations, he has to have authorization from Congress. At this point, I think the law is clear. And so that's that. On that point, I would say, Congressman,
- [12:05]
Christina Raffini
I want to interrupt you really quickly. Do you think that would concern this particular president? Do you think anything Congress passes, even if it would pass a war powers resolution, do you think that would stop him?
- [12:16]
Congressman John Olcheski
Well, that's not a reason for Congress not to try to stop him. But if the president blows past war powers restrictions, then I think we have to sort of up our game as members of Congress to hold this president accountable. This is a president who has consistently shown a disdain for any, any sort of check. And unfortunately, my Republican colleagues have largely deferred to the president on those issues. And I hope that given the consequence and given the impact to the other point, I think that the cost of at the pump, and it's not just at the pump, we're seeing it on airline tickets. We're seeing it through surcharges in places like Amazon. We're seeing it through what's happening with food prices. This is having impact across the lives of all Americans. And so I think what's happening is in particular, my Republican colleagues in Congress are seeing this is going to be a real drag on their election prospects in November. And I think this is really going to fuel a Democratic majority in the House of Representatives. I think we're going to see a closing, if not a Democratic takeover of the Senate. So I think these issues are real. People are really hurting as I talk to my constituents. And I think it's really interesting to note that usually when it's one of the secretaries or the president himself, these are millionaires and billionaires who are members of this administration telling Americans it's going to be okay, it's only temporary. That's not acceptable to people who are trying to put a roof over their head and food on the table.
- [13:44]
David Gura
Let's move, if we can, to the summit that's going to take place this week in Beijing between the president and President Xi Jinping. And we had your colleague, your Democratic colleague bro of California on the show yesterday, and we asked him what he's looking for as an outcome from, from that meeting between those two world leaders. Let's take a listen to what he had to say in reply.
- [14:00]
Narrator/Advertiser
He has a lot that he has to reverse, and we've had China hold us hostage on rare earths and critical minerals. I want a deal that actually helps American farmers, American shipbuilders, American manufacturers. And I hope he will work to get that. He hasn't so far.
- [14:17]
David Gura
Congressman Khanna, looking for an economic resolution to come out of this meeting in Beijing. Similar goals on your part. What would you like to see these two leaders announce at the end of those meetings?
- [14:25]
Congressman John Olcheski
I think that's Part of it, what I can tell you is this is a president who's been very soft on China. The one place where he's been hard is on tariffs. And that has negative impacts for everyone. No one wins in a trade war. But what we do know is that this president's been very soft in terms of advanced chips and the selling of those. And that really is, I think, putting our national security at risk. You see a ton of pieces of legislation around export controls in the Foreign Affairs Committee. And I think it speaks to this concern of the way this administration is acting and in general on the issue. So, yes, in addition to what Representative Khanna had said, I actually want to see our president take a harder stand on some of these export control some of this advanced chips. And looking more in the American interest, I'm also looking to making sure that this president, that President Trump, takes a much more affirmative stance in support of our, our friend and partner, Taiwan. I know that I just introduced legislation, bipartisan legislation, I'm a co lead with Representative Kim that would have the United States do a survey of all the potential responses if there were to ever be an invasion of Taiwan by China. And so I'm hoping that the president not only step up for American farmers and American interests from a national security perspective, but also to be a much more ardent supporter of Taiwan's interest in these meetings.
- [15:47]
David Gura
Johnny O. Congressman John Olcheski joining us. I can't have that. All of that. I feel like we can. I feel a level of familiarity here over the course of this interview. People call you that. I'm not making that up. Is that right?
- [15:57]
Congressman John Olcheski
That's right. That's right.
- [15:57]
David Gura
There you go. Former school teacher. I've read the bio.
- [16:00]
Christina Raffini
Congressman, thank you for being here and for putting up with us this morning. I will have to have you back sometime.
- [16:07]
David Gura
Stay with us for more on Bloomberg this weekend right after this.
- [16:13]
Narrator/Advertiser
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- [17:27]
David Gura
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- [17:55]
Announcer
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- [19:07]
Christina Raffini
All right, we have more breaking news this morning the country's Health minister, in coordination with WHO and 22 other countries, began evacuating hantavirus stricken cruise ship in Spain's Canary Islands.
- [19:17]
Nina Bundell
All the passengers remain asymptomatic. The boat has arrived at 6.30am the entire operation is proceeding normally and as I said, the first to disembark will be the Spanish cities and then the flight to the Netherlands will depart.
- [19:38]
David Gura
Joining us now is Dr. Carlos Del Rio. He is a distinguished professor at emory School of Medicine's Division of Infectious Diseases. Dr. Del Rio, thank you very much for being here. And let's pick up from what we just heard there what we expect to happen here over these next few hours. It sounds like many countries are marshaling aircraft to the Canary Islands to bring their citizens back to their respective countries. Perhaps we can just take the US as an example here, what's going to happen here over the next 24 to 36 hours.
- [20:04]
Dr. Carlos Del Rio
Well, thank you for having me. The first thing is that fortunately, what we hear is that the passengers that are being disembarked are all asymptomatic. In other words, they don't have any symptoms of hantavirus, which means maybe they're not infected yet. We don't know. They could still have been infected and they're going to develop symptoms later. The first thing that's going to happen is all passengers will undergo a health screening. They're going to be questioned. They're going to have physical exams, they may draw some blood. Then after they decide whether they're truly asymptomatic or not, they'll put them on a plane. And the American citizens are going to come over to the Serious Communicable Disease Unit at the University of Nebraska, which is fairly large, and they're going to be then processed again over there. And if they happen to be symptomatic, if there's anything that suggestions of infection, they'll be kept in isolation. Otherwise, if they still continue to be asymptomatic, they'll be sent home and encouraged to quarantine and to watch themselves for the next six to eight weeks.
- [20:57]
Christina Raffini
Doctor, I want to ask you how this spreads, because I know that it is usually something that you get by coming into contact with animal droppings that have this virus. It is not usually spread from person to person, or that can be. Prevailing wisdom is that if you get it from person to person, you have to be in very close contact. But some of the reports we're seeing from the ship is that not all of these individuals who have tested positive for this virus were in close enough contact that virologists would usually assume they were susceptible to contracting. I know this is a different strain than we have here in the US and that is more possible. But is that concerning that this seems to be a method of transmission that this virus doesn't usually take?
- [21:36]
Dr. Carlos Del Rio
No, it actually does this, Andy. Hantavirus is the only one that spreads person to person. And there was an outbreak in Argentina in 2018, 2019, where some of the things that you're mentioning actually happened. Some person just got infected because they were in the same room with another person that was infected or they were in the same bathroom. It is very clear that if you have very close, intimate contact, for example, in this case, the index case, then his wife got infected. They were in the same cabin. They could have been intimate sexually. There's a lot of reasons why the wife got infected so quickly and then develop symptoms. But that doesn't mean it's an all or non phenomenon. Clearly, there's a lot of things about the transmission we don't fully understand. And I think this outbreak is going to help us try to understand that. It is very clear that the closer you are, the more intimate the contact, the more likely you are to get infected. But that doesn't mean that we have not seen sort of what appears to be fairly casual mechanisms of infection.
- [22:32]
David Gura
I'm curious about the global public health apparatus that's being marshaled to bear here in Tenerife. So the United States has pulled out of the World Health Organization. That's something that's changed since the COVID 19 pandemic. And I wonder what the consequences are to that as you see them as we watch this effort unfold and what we can learn from this experience. Yes, this may not lead to the kind of global pandemic that we saw with COVID 19, but what can we learn from the way that governments respond to this crisis that's breaking out on this ship?
- [23:01]
Dr. Carlos Del Rio
Well, you know, first of all, I want to say that the World Herald Organization has really done a remarkable job, starting with their director general, Dr. Tedros, and then the rest of the WHO team. Maria Van Kerhoeven and her team, they've done a tremendous job. Dr. Tedros is there on site in Tenerife helping and providing leadership and talking to the Spanish government and ensuring that the boat was able to dock over there and the passengers can be safely and securely disembarked. I think we have seen a much diminished cdc. If you think about a prior outbreak. Let's think the outbreak of Ebola. CDC very quickly was involved. CDC very quickly sent a team over there. CDC was providing something very important, which is technical assistance. We're not seeing a lot of technical assistance happening from CDC right now. In fact, it almost seems like the CDC response occurred after many, many days. It was almost too late, too little too late. And that's unfortunate because, you know, we need a strong CDC as American citizens. We want a strong cdc. You want a CDC that's a leader in global health, not only nationally, but globally. And to see such a diminished CDC to me, as an infectious disease physician and as a public health expert is actually quite painful.
- [24:12]
Christina Raffini
And that seems to compound the concern. People really are stressed about this. We were talking yesterday about how we've literally heard people on the street in Manhattan talking about it. And then the WHO director, Dr. Tedros, was talking about the concern of a wider spread of this virus. I want you to listen to what he said.
- [24:29]
Congressman John Olcheski
The concern is legitimate because we have
- [24:35]
Nina Bundell
all experience because of COVID especially in
- [24:38]
Dr. Carlos Del Rio
2020, and that trauma is still in our minds.
- [24:44]
Narrator/Advertiser
So people will have questions, people will have concerns.
- [24:47]
Congressman John Olcheski
And that's what I try to address
- [24:49]
David Gura
in my message to the people of Tenerife.
- [24:51]
Dr. Carlos Del Rio
We, we hear you.
- [24:52]
David Gura
We understand,
- [24:55]
Narrator/Advertiser
but the situation is much better now.
- [24:58]
Christina Raffini
How worried should people be that this is not an isolated outbreak?
- [25:03]
Dr. Carlos Del Rio
I think about this one, I would not be worried. I agree with Dr. Tedros. I think there's still a lot of trauma left from COVID But I would say don't be worried. But this is not the first outbreak. This is not the last outbreak. What are we worried about is that we will continue to see this kind of outbreaks. We are continuing to have outbreaks like this one. Believe me, a hand to ours in a cruise ship was not in my bingo card of things that was going to happen in a cruise ship, and yet it happened. So we're going to see more things like this one. And what people in the US need to be worried about is our public health infrastructure. They need to be worried about a weakened cdc. The CDC has been significantly diminished in relevance and a lot of people have left. A lot of expertise have left cdc. So I would say that what we need to ask for and what we need to be worried about is the state of our public health and global health expertise in our country rather than this specific outbreak.
- [25:52]
David Gura
Carlos Del Rio, professor at Emory University, thank you very much for the time on this Sunday morning as we watched those images from Tenerife, those passengers getting off of that cruise vessel, getting onto a series of planes, Christina and I think what we heard there about what happens next is just fascinating that US Passengers will be brought to Nebraska. We talked a bit about that yesterday. This sophisticated facility that the University of Nebraska has and there'll be a quarantine that I think will last many days, if not several weeks, and has been used for ebola and for Covid 1917 after that.
- [26:20]
Christina Raffini
Stay with us for more on Bloomberg this weekend right after this.
- [26:26]
Narrator/Advertiser
Support for the show comes from public. Public is an investing platform that offers access to stocks, options bonds and crypto. And they've also integrated AI with tools that can assist investors in building customized portfolios. One of these tools is called Generated Assets. It allows you to turn your ideas into investable indexes. So let's say you're interested in something specific like biotech companies with high R and D spend small cap stocks with improving operating margins or the S&P 500 minus high debt companies. Chances are there isn't an ETF that fits your exact criteria. But on public you just type in a prompt and their AI screens thousands of stocks and builds a one of a kind index. You can even backtest it against the S&P 500. Then you can invest in a few clicks, go to public.com market and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com market ad paid for by Public Holdings Brokerage Services by Public Investing member FINRA SIPC Advisory Services by Public Advisors SEC Registered Advisor crypto services by ZeroHash sample prompts are for illustrative purposes only, not investment advice. All investing involves risk of loss. See complete disclosures@public.com disclosures small businesses are
- [27:40]
Announcer
the pulse of every community. They bring people together, create opportunities and drive growth. With a widespread presence in communities across the country, Chase for Business supports small business owners at a local level that makes it possible for you to connect, learn from each other and grow together. There's a real commitment to seeing small businesses succeed. The Chase for Business team has knowledge and expertise that span a wide range of financial areas. They can help you make more informed decisions as you navigate the complexities of running your business. They'll help your business grow with individual guidance and convenient digital tools all in one place. With that guidance and your determination, you can take your business farther and help build a brighter future for your community. Learn more@chase.com 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. JPMorgan Chase Bank NA Member FDIC Copyright 2026 JPMorgan Chase Co. You need to make a huge presentation in an hour. Adobe Acrobat uses AI to take all your documents and generate a presentation with a single click. Build slides quickly and streamline the process. Need a last minute pitch deck? Do that with Acrobat. Need to level up your presentation design? Do that with acrobat. You have 30 plus documents that need to be simplified into a proposal. Do that do that do that with Acrobat. Learn more@adobe.com do that with Acrobat.
- [29:21]
Lisa Mateo
Welcome back to Bloomberg this weekend. I'm Lisa Mateo. Now, as we take a moment, moment today to reflect on the moms in our lives, we're also aware of the emotional but also the financial investment that parents are putting into their children. It is a topic of the Bloomberg Weekend essay as well as the book the Emotional Economy of Modern Parenting. Joining us now is Nina Bundell. She is professor of sociology at UC Irvine. She is the author and joins me now. Nina, thank you and pleasure speaking with you today. This article itself, let's start there first. It's about how parenting is changing in the 21st century. There's a lot of things that parents are going through, right? The money, the time, the investment into our children. The big question is always on our minds, are we doing enough? My question to you is, is enough exactly? Like, what is that enough? What is, are we looking for what is enough exactly?
- [30:19]
Nina Bundell
Well, thank you so much, Lisa, for asking this question because lots of parents are so concerned and so exhausted these days because we invest emotionally and financially and we want to do the best for our children. And I think partly continuously asking this question is very burdensome. It creates this low grade dread in our gut that we think we need to listen to all the time and it's hard to quiet it. So I would say it's important to know that social forces influence how we behave as parents, how we even feel as parents. And these days, this exhaustion listening to all of the advice is making us really tired and drained.
- [31:07]
Lisa Mateo
I, I feel uni, I have to admit, personally, I've invested a lot, but both of my kids are athletes. And so the private lesson, the hotel stays, the car rentals, the best top equipment, I mean, you name it, we've invested in it. But I want to bring you something, something that you say, you say kids are viewed through the lens of human capital. So what exactly do you mean by that?
- [31:30]
Nina Bundell
So this investment that you just pointed to, Lisa, in extracurricular activities, in sports, in skills that kids can develop in addition to going to school. School, those are the capabilities and skills overall that we call human capital. And economists have proposed that if we invest in human capital of children, then children could reap returns on this investment in their adulthood. So not only do we do this when kids get to school or even higher education to get their occupations, but parents should be concerned about this earlier and earlier, potentially even in the womb, right? Make the womb the first classroom by worrying a lot about what we do when we're even pregnant.
- [32:21]
Lisa Mateo
As moms well, let's talk about this parental shift in reasoning and thought. There's a quote you have in the article. I want to get to it. It says, a century ago, children labored for families. Today, parents labor for their children, not just financially. We toil at parenting. So what's driving this shift?
- [32:42]
Nina Bundell
That's an excellent question, a million dollar question, if I may. And it took me 10 years to write this book and research this phenomenon over the course of decades. But to be very brief, we, you know, at the turn of the 20th century saw transformation when children were useful and in the home, they were working, contributing to the family economically and even in the factories, on the farm, of course, childhood chores in the home. And then they became emotionally priceless, mostly seen as vulnerable, and we would start investing into their education. And this new period is when we as parents think of children as investment projects. We in a way bring the logic from the workplace into the home. We think about all of the things that we need to do, toil at parenting, as I say in the book, overinvested, and try to think about what is needed from us so that children could be set up as well as possible for success.
- [33:50]
Lisa Mateo
And it seems like moms are taking a lot of the brunt of this, too. What are the consequences to what you call actually child rearing on steroids?
- [34:00]
Nina Bundell
Right. Trying to be a little bit provocative here to note that this is not just run of the mill child rearing. This is not natural. This does not have to be the case. We've seen differences across time and in different countries. And so because it's exhausting us so much, it's time to ask the question, what do we really owe our children? Is it this exhausting, draining, financially and emotionally parenting, or is it time to think about how much this impacts us as parents, to the point of parental burnout that U.S. surgeon General noted in an advisory in 2024, calling it a public health crisis, but also the consequences for our children. Are they doing all right with all that over involved parenting?
- [34:51]
Lisa Mateo
Well, Nina, you're a mother yourself. How do you find that right balance? What's the. What's the answer?
- [34:59]
Nina Bundell
Very, very hard. I will be the first one to admit that. It's so hard to change. It feels impossible to do differently. And I live in the same reality as everyone else. But it is social pressures and social norms and the structures that we have in our society that are not very supportive of families that influence how we are in this modern parenting reality, very troubled parenting reality. So I say to myself, from time to time. Nina, your child is not an investment project. Parenting is not supposed to be grueling labor. It's not supposed to be so stressful. What can we do differently today? How can I seek other moms to think about this together? Because only as a society we can make true change.
- [35:56]
Lisa Mateo
Oh Nita, you make it sound so easy. Thank you so much. Really appreciate the time. The name of the book again is Over Invested the Emotional Economy of Modern Parenting. Stay with us for more on Bloomberg this weekend, right after this.
- [36:15]
Narrator/Advertiser
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- [39:11]
David Gura
Well, it's time for this weekend's pointed news quiz. I'm excited, as always, to see how I fare. I know you're excited as well. Let's go to Lisa. Matteo has the categories.
- [39:19]
Christina Raffini
What torture do you have for us today?
- [39:20]
Lisa Mateo
Okay, so for those of you playing at home, maybe you're not familiar with the game. Okay, so we have three different categories. They each have 10 chips in groups of three. So 30 ships total in front of them. They will base their bets on each category. So if they feel comfortable about the first one, you can maybe put 10, maybe you want to put 20, depending on which. You have your whiteboards, and you write your answers there. Are you ready for your.
- [39:40]
David Gura
Yeah. In the past, I've not put 10 on each, and it's scrutiny.
- [39:43]
Christina Raffini
I always split. So I'm just going to split. I'm going to do it.
- [39:45]
David Gura
Do it evenly.
- [39:46]
Lisa Mateo
This is the strategy.
- [39:47]
David Gura
I think it is. I kind of watched her success week after week, and I'm going to try to get.
- [39:52]
Lisa Mateo
I think he's on to. I think he's on to Christina.
- [39:53]
Christina Raffini
Okay, let's jump back to feeling Lisa. All right, let's go.
- [39:57]
Lisa Mateo
The first one is Ted Turner.
- [39:58]
David Gura
Ted Turner.
- [39:59]
Lisa Mateo
Second is pharmaceuticals. And the third is finance.
- [40:03]
David Gura
Great categories, all good categories.
- [40:06]
Lisa Mateo
Are you ready for.
- [40:07]
Christina Raffini
Let's do it.
- [40:08]
David Gura
Ted Turner, the late Ted Turner.
- [40:10]
Lisa Mateo
For those of you playing at home.
- [40:11]
Christina Raffini
Why not?
- [40:12]
Lisa Mateo
There's no multiple choice for you if you're playing right now. Ted Turner's idea to broadcast the local stage station to a broader range of cable systems. Started a new TV concept called. What? Oh, what is this TV concept?
- [40:26]
Dr. Carlos Del Rio
New.
- [40:27]
David Gura
New tv.
- [40:28]
Dr. Carlos Del Rio
Okay.
- [40:29]
David Gura
All right.
- [40:30]
Lisa Mateo
Think about it. What it's called this group. Okay, ready? Flip it.
- [40:34]
David Gura
I wrote cable news.
- [40:35]
Lisa Mateo
Cable news Superstation.
- [40:37]
David Gura
Oh, the TBS Superstation.
- [40:42]
Christina Raffini
At Least we had the same wrong answer.
- [40:44]
David Gura
I always wondered what that meant when I was a kid watching tbs. What is that?
- [40:48]
Christina Raffini
Superstations.
- [40:49]
Lisa Mateo
Superstations.
- [40:50]
Christina Raffini
All right, take my chips.
- [40:51]
Lisa Mateo
Turner Lawson.
- [40:52]
Christina Raffini
Thought you were gonna ask who his ex wife was. I was ready for that one.
- [40:56]
Lisa Mateo
That's definitely not on here.
- [40:58]
Christina Raffini
No, Jane Fonda was out saying very nice things about it. Very nice.
- [41:01]
David Gura
Remarks upon the passing of Ted.
- [41:02]
Christina Raffini
She calls him her favorite ex husband.
- [41:05]
Lisa Mateo
Puts it on the table.
- [41:06]
David Gura
A man can aspire.
- [41:07]
Lisa Mateo
There you go.
- [41:08]
David Gura
Such a memory.
- [41:09]
Lisa Mateo
Pharmaceuticals.
- [41:10]
David Gura
Pharmaceuticals.
- [41:11]
Christina Raffini
All right, moving on to pharmaceuticals.
- [41:13]
Lisa Mateo
Here we go. Okay. Eli Lilly's Manjuro. Okay. It surpassed which Merck cancer therapy as the world's highest grossing prescription medication. What is the name of that cancer therapy medication? Prescription medication from Merck.
- [41:29]
Christina Raffini
Is it a pill?
- [41:30]
David Gura
She doesn't know.
- [41:31]
Dr. Carlos Del Rio
There's no hints.
- [41:32]
David Gura
There's no hints there. It's like a spelling be.
- [41:34]
Christina Raffini
This is not going well today.
- [41:36]
Lisa Mateo
But interesting, though, right? Manjuro surpassed Merck's cancer therapy.
- [41:40]
Christina Raffini
It's kind of crazy.
- [41:40]
Lisa Mateo
I know. It's an interesting topic. All right, what is the name of that cancer therapy description? What do you have?
- [41:46]
Congressman John Olcheski
I have no idea.
- [41:46]
Lisa Mateo
No idea.
- [41:48]
Christina Raffini
Chemo. Chemo.
- [41:50]
David Gura
Type.
- [41:50]
Lisa Mateo
Keytruda.
- [41:51]
David Gura
Keytruda.
- [41:51]
Lisa Mateo
Lisa, how are we gonna know that?
- [41:53]
David Gura
They do advertise these things during the.
- [41:55]
Lisa Mateo
If you're. If you're playing it online, they do give you multiple choices. You'll have a better chance.
- [41:59]
David Gura
Happy Mother's Day. Lisa, have some more chips.
- [42:01]
Announcer
Oh, yeah.
- [42:01]
Christina Raffini
Lisa's gonna go to brunch on our chips.
- [42:05]
Lisa Mateo
Pass him over, guys.
- [42:06]
David Gura
I'm sure finance is going to be the secret to our shared success.
- [42:09]
Christina Raffini
Okay.
- [42:09]
Lisa Mateo
Oh, you got this one. I know you guys have this one.
- [42:11]
David Gura
I appreciate that.
- [42:11]
Lisa Mateo
Possibly you're going to go all in. Okay, which billionaire CEO rallied against New York City Mayor Mondami for signaling him out in a plan to tax second homes?
- [42:20]
David Gura
You just talked about two of them, though. So which one was it?
- [42:29]
Christina Raffini
I can't literally. My brain is fried here. Hang on, hang on.
- [42:32]
Nina Bundell
Look at the smile on his face right now.
- [42:34]
Christina Raffini
All right, that's all I got. That's all I got.
- [42:36]
Announcer
All right.
- [42:36]
Dr. Carlos Del Rio
What'd you write?
- [42:37]
Christina Raffini
Jamie Dimon.
- [42:37]
David Gura
No, Ken Griffin.
- [42:40]
Lisa Mateo
Ding, ding, ding.
- [42:41]
David Gura
I told you this is sweet. It is.
- [42:43]
Lisa Mateo
They did. The mayor called him out. $238 million, Central Park.
- [42:46]
David Gura
So, yes, Madani filmed this video in which he showed that behind him. And Ken Griffin didn't appreciate that. I should say, Ken Griffin, I believe, doesn't live in that apartment very much. It's a. He doesn't 200 plus million dollar piano. We're just going to take these chips.
- [43:00]
Lisa Mateo
No, no, no. We got a bonus.
- [43:01]
Christina Raffini
No,
- [43:04]
David Gura
she's got nothing. She's lost.
- [43:05]
Lisa Mateo
She can't anything. All right. We'll do it for fun.
- [43:08]
David Gura
We'll do it for fun. And I'm feeling great.
- [43:10]
Lisa Mateo
He's feeling really good right now.
- [43:12]
Congressman John Olcheski
Lisa.
- [43:12]
Christina Raffini
We're going to talk about this category.
- [43:14]
David Gura
Elon Musk.
- [43:14]
Lisa Mateo
Elon Musk is a bonus. The question is Space X is proposing to spend at least $55 billion on a semiconductor facility alongside Tesla. It's the first step on what Musk project. What is the name of this project he's working on to make these chips? Okay, you think you remember? I think I got it. The name of it. Okay.
- [43:34]
David Gura
I said Hyperloop X AI.
- [43:36]
Lisa Mateo
No, no, no. Terrafab.
- [43:38]
David Gura
Terrafab, yes.
- [43:39]
Lisa Mateo
Terrafab is it. He wants to make the chips for all his different enterprises, all his different businesses.
- [43:43]
David Gura
Listen, sad we didn't get that bonus, but I am happy that I won the game.
- [43:47]
Lisa Mateo
You have won. We have to mark this down. This is very.
- [43:51]
David Gura
Thank you. Well, we don't have to make that big deal about it. It's not like.
- [43:55]
Christina Raffini
I mean, but look at your face.
- [43:57]
David Gura
Oh, he's glowing out.
- [44:00]
Christina Raffini
It's been a long weekend. Lots of news. Our teams work very hard. It's a nice way to end the weekend. We'll give you this one, but I'm coming for you next week. 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.
- [44:17]
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.
- [44:31]
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Lisa Mateo
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David Gura
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Congressman John Olcheski
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David Gura
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David Gura
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Congressman John Olcheski
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