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IBM Representative
So there's a lot of noise about AI, but time's too tight for more promises. So let's talk about results. At IBM, we work with our employees to integrate technology right into the systems they need. Now a global workforce of 300,000 can use AI to fill their HR questions, resolving 94% of common questions, not noise. Proof of how we can help companies get smarter by putting AI where it actually pays off, deep in the work that moves the business, lets create smarter
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Podcast Host - David Gura
Bloomberg Audio Studios Podcasts Radio News welcome to the Bloomberg this Weekend Podcast with David Gura, Christina Raffini and Lisa Mateo.
Podcast Host - Christina Raffini
Thanks for joining us for today's selection of conversations from the show.
Podcast Host - Lisa Mateo
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.
Quiz Host
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.
Podcast Host - Christina Raffini
President Trump returned to the White House Correspondent Dinner. The initial dinner, of course, ended abruptly after a gunman breached security.
Podcast Host - Lisa Mateo
Well, the president condemned political violence at the dinner last night, while at the same time attacking political opponents and the press at large.
Narrator/Advertiser
But tonight we come back together to answer that heinous attack with unwavering resolve. And every one of us here this evening to show that in America we do not yield to Political violence. As I said three months ago, the show must go on. But this place is the really the largest group of Trump derangement syndrome people ever put together at one time. I suspect this evening it's really all about the fake news media and your handling of prizes, writing and producing and performing made up stories like the Academy Awards. And this is a somewhat of a scoop. My intention to run for a fourth term as president of the United States. I will be doing that. I will be having an official. In fact, I think I have, yeah, I won three times now. I'm going to do it again. Thank you.
Podcast Host - Lisa Mateo
Joining us now is Bloomberg White House correspondent Jeff Mason. He was at last night's dinner. He was president in the past of the White House Correspondents Association. Jeff, great to see you. And I guess I should start just by asking you about the feeling in the room we were all there at. The first iteration of this dinner took place at the Washington Hilton, a giant ballroom. This was a much smaller affair, different affair. How much was the program last night duplicative of what was supposed to happen at that first dinner just a couple of months ago?
Jeff Mason - White House Correspondent
I think it was pretty close, in fact, the fact that of course the president spoke, the president association spoke, the awards were given to members of the press and also student journalists were recognized for scholarships. And then there was the mentalist at the end as well. It was pretty much the program that was meant to have gone on in April just three months later. And with the fact that that shooting stopped, that dinner that was overshadowing, I guess you could say this dinner again. But in general, the program was the same, but the venue was smaller. And that was very noticeable, certainly for someone who's attended a bunch of dinners. The ballroom at the Hilton of course fits more than 2,000 people. It's the biggest ballroom in Washington. This one was Instead of about 2,600 people, there were fewer than 700 in the room. That doesn't mean it's small, but it's just a much, much more, I guess you could say intimate size of a dinner. And that changed the mood in the room too. And we can talk a little bit more about this. But when the president spoke, I think that he also was speaking to what for him was an unusual crowd in that most of the people in that room were journalists like myself. And it was not a friendly crowd for what ended up being very much like a rally speec.
Podcast Host - Christina Raffini
That's an interesting point, Jeff, because I mean we attended the first center and it is a huge ballroom as you mentioned, and it's a mixed crowd because the journalists invite so many guests. You have entertainment people. You often invite people who are familiar or close to the White House. This is a much smaller room. And I imagine, you know, if he's used to speaking to a bigger crowd, it's harder when the audience is right in front of you and you can see some of those reactions. I mean, what were the reactions to jokes? Like, I'm assuming it was a joke, you know, running for a fourth term and some of the other remarks. And then there were also, you wrote a few awkward moments where awards were presented to journalists for being hard on this White House. How did the president react to that?
Jeff Mason - White House Correspondent
Yeah, I mean, to your first question, first the reaction were a lot of straight faces in the crowd, because that's our job. You know, I mean, I certainly was keeping a straight face, and I think so were most of the reporters in the room who are. Who are committed to neutrally covering this president and recognize that that joke, as it were, of him running for what he called a fourth term is a joke about the Constitution, which, of course, prohibits him from running for another term when he's already served two, which he will have at the end of his second term now. But he, I mean, it's also, again, a quote, unquote joke that is rooted in the fact that that's something that he was actively thinking about at the beginning of his term and something that he has openly mused about. I think right now it is a joke. I mean, he has stopped talking about it regularly, particularly after speaker of the House Mike Johnson basically told him this is unconstitutional. And he seems to have accepted that. And so I think he likes to poke at the press with stuff like that. And that was one of the things that he did last night. Remind me your other question, Christina.
Podcast Host - Christina Raffini
That's all right, Jeff. We can move on. I know you've had, like, three hours of sleep, so we're very grateful for you getting up. Friend of the show, Jeff Mason. We really appreciate you, David.
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Go ahead.
Podcast Host - Lisa Mateo
Yeah, just a generous. I mean, there's been this. Over the course of having this dinner, there's been a conversation about should it be smaller, should it involve fewer celebrities, fewer members of the administration? I'm curious, as you experienced the dinner last night, did it give you a sense of maybe this is the way that it's headed in light of the criticism most recently that it faced after that first dinner? How has the conversation about the longevity of this dinner changed in the context of the one that we had last night.
Jeff Mason - White House Correspondent
You know, I think the answer to that is still tbd. The incoming president of the association, Jackie Heinrich, who works for Fox News, announced that the dinner would be held again next year back at the Hilton. So that was certainly a foreshadowing by the association that they're not looking to keep the scaled down version as a model. But yes, you're not wrong to say that this sparked a lot of conversations, certainly about security at the Hilton and security for this event. But it also sparked some conversation within the press corps itself about this dinner more broadly. And it's you know, there are people who are who are big fans of this dinner in Washington and there are people who aren't. And I imagine those conversations will continue.
Podcast Host - Lisa Mateo
Jeff Mason, come back here in a little bit. We'll let you take a nap over the course of the next maybe 40 minutes. Bringing back probably take a while to take a quick disco nap. Jeff Mason, our White House correspondent, joining us on the heels of the White House Correspondents association dinner which took place last night.
Podcast Host - Christina Raffini
Thanks, Jeff. All right. Just hours ago, the UK Maritime Trade Operations center warned of an incident involving a tanker and military forces in the Gulf of Oman and is warning vessels in the area to remain diligent.
Podcast Host - Lisa Mateo
Joining us now is Bloomberg energy and commodities reporter Stephen Sobchinski, who joins us now from Singapore. Great to have you with us. And I want to start just by asking you how the contours of this war have changed here in recent days. The Houthis, which are, of course, aligned with the Iranians getting into this conflict, announcing this blockade. And maybe I could ask you first what effect that's had so far on the oil trade and sort of what traders, what investors are thinking about the consequences of that going forward.
Stephen Sobchinski - Bloomberg Energy Reporter
You know, I think the market is still trying to digest exactly what is happening in the Red Sea and at the Bab Al Mandeb Strait, which is where the Houthis are trying to tighten control. Now, let's put this into context. Since the Strait of Hormuz closed effectively since the end of February when the US And Israel began strikes on Iran, Saudi Arabia was beginning to ship more of its oil. 4 million barrels per day were loaded in the Red Sea through an east west pipeline. Normally that oil be flowing through Hormuz. It was shot. So they were using this workaround. The oil would then go south down through the Red Sea through the Al Mandab Strait and then out to customers in Asia. And what's happened is with the Houthi rebels increasing attacks, targeting specifically Saudi ships. There was a fear that this key workaround was now in danger and either would lead to delays or even a reduction in loading from Saudi ports because that would require them going through the north, through the Suez Canal, through and then around the Southern Cape of Africa to get the customers. In Asia, we did see a few ships u turn over the last week away from the Babel Mandeb straight. But in the last 24 hours we did see two China linked super oil tankers though carrying Saudi crude did get through. So it's a mixed picture. There is some oil flowing through, but at the same time there are some ships turning around. And you saw oil prices. Brent was about $100 a barrel when I was leaving the office Asia afternoon, but it closed the session US afternoon around 96, $97, which indicates a bit of a fall after those Red Red Sea flows continued. But at the same time, you have to remember this is Friday. You never know what Trump's going to do. It was probably a lot of people just wanting to enjoy their weekend as well and, and not have to worry about having a long position going in. But at the same time, the market, the way they're looking at this, it is a risk and this is the biggest escalation of the war in the region and attacks on infrastructure and risk to oil that we've seen since March and April.
Podcast Host - Christina Raffini
I'm wondering, can you define that risk a little bit? Because I know according to a report from cbs, at least seven major pipeline projects are under construction trying to find alternatives to the strait. And I know the main threat right now in the Red Sea is the distribution point. But we've also got reports this morning the Houthis have claimed to have struck Saudi Arabia with missiles on Saturday morning. Is the concern mostly about that Red Sea distribution point or is the concern also that an escalation between Saudis and the Houthis could start to impact Saudi production as well?
Stephen Sobchinski - Bloomberg Energy Reporter
You know, I think that's a really good point and it's both, I would go even a step further that any sort of flare up between Saudi Arabia and the Houthis and the Houthis attacking ships, Trump himself has said that they will then if their ships attacked by the Houthis, they will then attack Iran. And he's, he's threatened power plants and bridges. Iran in time said that if that happens, they will attack energy infrastructure throughout the region. The biggest risk in this war since since February hasn't necessarily been the closure of these straits, these waterways. Sure, they can be closed, but with a good peace deal, they could open up within weeks and trade could resume to normal in months. The real fear has been if this escalates into a wider conflict within the region, if energy infrastructure, pipelines, liquefied, natural gas plants, ships, if they're getting attacked, that's infrastructure that can't easily come back online if there is a peace deal. So the reason why oil was at $120 in March wasn't so much because of the Hormuz closure, it was because Iran kept attacking infrastructure across the region. We haven't gotten to that worst case scenario that we've seen three or four months back, but if it does spiral into that sort of situation, yes, certainly that is something that the market is going to be deeply worried about. And if Saudi Arabia, Kuwait, other countries, Qatar's LNG export plant, if all those facilities are either damaged more or if they have to reduce production Support for
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Stephen Sobchinski - Bloomberg Energy Reporter
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IBM Representative
the thing about AI for business, it may not automatically fit the way your business works. At IBM, we've seen this firsthand. But by embedding AI across hr, IT and procurement processes, we've reduced costs by millions, slash repetitive tasks, and freed thousands of hours for strategic work. Now we're helping companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business.
Podcast Host - David Gura
IBM, 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 in 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.
Stephen Sobchinski - Bloomberg Energy Reporter
Then certainly we'll see another leg up in Brent and WTI oil prices.
Podcast Host - Lisa Mateo
Stephen, I sat down with Fatih B Roll a few weeks ago and we talked about the state of inventories around the world and countries have begun to kind of refill those reserves that they had in the lulls that we've seen. Sounds like they haven't. Can you just get us up to speed sort of on the status of reserves globally? I know there's been a lot of focus here in the US where the Strategic Petroleum Reserve is the lowest it's been in a very long, long time. How much effort has there been around the world to kind of replenish those reserves that have been deployed on an emergency basis since the start of this conflict?
Stephen Sobchinski - Bloomberg Energy Reporter
You know, I think, I think the better way to look at it perhaps is that a lot of customers in Asia of Persian Gulf oil, they're really looking at. They were looking at replacing their supply instead of replenishing. So there hasn't been a really big effort to refill inventories. As you said, the SPR in the United States, lowest level in decades. Cushing as well. A key point is getting low. It continues to decrease. Chinese oil inventories are something that are opaque. You're not exactly sure what's going on there. But there is an expectation that China used quite a lot of their oil inventories when. When their imports dropped pretty significantly in April, May, and then into June, so. And then Japan as well. All the other G7 nations had been using their SPR. So you're in a situation where oil inventories are low. But it's not just oil. It's also other fuels. Diesel, gasoline, jet, Fuel, the amount of supply globally is at an uncomfortable level, and that's why you're seeing those product prices rise as well. And it's also not just oil products, it's also natural gas. In Europe, natural gas inventories at the lowest seasonal level in about five years, they're not on pace to hit an 80% target refill by November, which is what they want to be at when winter starts, because in winter in Europe, they use a lot of natural gas for heating. So inventories are a problem. And I think the issue is we pulled that lever in March and April to help ease some of the pain in the oil market. And because of this current situation with depleted inventories, you can't really pull that lever again if this hormuz closure continues and if the Bab El Mandeb Strait as well is affected. So it is a worrying part of the market.
Podcast Host - Christina Raffini
Are you starting to see that stress a little bit in the prices of oil? I mean, it seems to me as we've been covering this conflict, there's been kind of this indefatigable optimism, of somewhat frustrating optimism for those of us who cover diplomacy, that this is going to get resolved. But I'm wondering if that's because they did have those strategic reserves as kind of a buffer, and as those start to deplete, do you think that optimism will start to wane as well?
Stephen Sobchinski - Bloomberg Energy Reporter
I think there are a few reasons why oil has. I mean, granted, we're at $100 Brent in very just a few short weeks. So I would say that we're at a pretty relatively high level. We're not the highs of 120 that we were before, and we're certainly not near 200, which is what some analysts were warning about. Part of that is because of the workarounds. You know, the Saudi Arabia's Red Sea, the, the east west pipeline, they had their ADNOC in the UAE being able to do their, their shuttle service to get some oil out, which is to a degree continuing perhaps, although those ships are going dark as well. Chinese demand has not really returned. And China is one of the big factors. They're the biggest buyer of, of oil globally. So as long as China, Chinese demand doesn't come roaring back, that does add a lot of length and, and it does provide some ease to the market. But I would say it is showing up in some prices. I mean, you look at the diesel run rate or, or basically the, the, the profits that you can make from refining crude into diesel, gasoline and other products has jumped there is a need for those fuels. And there is a fear that those supplies are depleting natural gas in Europe. Those prices are at a settled basis at the Highest level since 2023. LNG prices in Asia are at the highest level since March and almost the highest level since January 2023. So you are starting to see some of that pain, maybe not showing up in crude itself, which is about $20 off from the highs of March, but you're seeing it in other products.
Podcast Host - Lisa Mateo
Steve, before we let you go, let me ask you about another shooting war, the one taking place in Ukraine and the effect that that's had on energy prices. We've talked a lot about the crack spread in recent weeks on this show, talked about refined products and we've seen Ukraine launching those attacks on energy facilities in Russia and we've seen Russia reply in kind, targeting energy facilities in Ukraine. What have been, what's our sense of the broader implications of that on the global energy market? Market, the way that that's escalated, I
Stephen Sobchinski - Bloomberg Energy Reporter
mean that's again, that's one more lever that the market was depending on that is now gone. So let's look at it from a crude perspective. The Black Sea is a key export area for Kazakhstan oil. It goes to the CPC through the CPC pipeline to a Russian port. And right now Russia, Moscow has basically said that it is unsafe for them to be docking there. Ukraine has targeted in recent weeks over 90 ships that, that are connected with Moscow. So you're removing those Kazakhstan supplies, which I believe is about 1 to 1.5% of global seaborne oil supply. It's not nothing. So again with, with Bab el Mandam Strait, with Hormuz, that's 1,1amount of oil that's that's reduced. Then you look at the refining capacity in, in Russia, which has been greatly affected and disrupted by constant attacks by Iran on, on the refineries. And Russia is a big, pretty big supplier and exporter of that fuel and they've had to restrain and essentially stop exports of diesel. Again, that tightens the global diesel market. So you're getting the, the crude hit from Kazakhstan and also the diesel hit again, tightening things for, for consumers globally.
Podcast Host - Christina Raffini
All right, Stephen Sipchinski, thank you for breaking that all down for us.
Podcast Host - Lisa Mateo
Stay with us for more on Bloomberg this weekend right after this.
Public.com Advertiser
Support for this show comes from public.com if you're actively involved in your portfolio, you probably catch yourself repeating the same actions. Buying the dip, manually sweeping idle cash, putting on a hedge on public. You can now create AI agents that handle all these tasks on your behalf. Just describe what you want to do in plain English like if the Vix hits 25, buy a put option on the S&P 500 or if my cash balance goes above $20,000, move the excess into my Direct Index. You approve the workflow and your agent handles the risk, monitoring the market, watching for your conditions and executing your strategies exactly as defined. An investing platform driven by your intent, not just your clicks. You can also get full read and write access to your account via the public API. Go to public.com market and fund your account in five minutes or less. That's public.com market paid for by Public
Stephen Sobchinski - Bloomberg Energy Reporter
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IBM Representative
so there's a lot of noise about AI, but time's too tight for more promises. So let's talk about results. At IBM, we work with our employees to integrate technology right into the systems they need. Now a global workforce of 300,000 can use AI to fill their HR questions, resolving 94% of common questions, not noise. Proof of how we can help companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business IBM let's talk
Podcast Host - David Gura
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.
Podcast Host - Christina Raffini
An alarming statistics from the CDC On Friday, the number of measles cases this year in the United States hit 2,318. That's higher than all of last year and is now the most infection since 1991.
Podcast Host - Lisa Mateo
For more, we're joined by Dr. Amish Adalja. He's an infectious disease expert and senior scholar at Johns Hopkins University center for health security. Dr. Adalja, great to have you with us once again. And let me just start by asking about how we got to this. And I guess a natural follow on to that is what would the US need to do to kind of get beyond this or get back to the way things were? How far is the cat out of the bag?
Dr. Amish Adalja - Infectious Disease Expert
When you think about outbreaks, Sometimes it's hard to understand how things got started. How do you got to the status quo? With measles, it's really a no brainer. We got there because vaccination rates fell below the herd immunity threshold. And we're talking about what is the most contagious infectious disease that we humans face. One that requires a high level of immunity in the population and one in which it's circulating in many parts of the world. So all it took was for us to lower our armor, to lower our force field, and then measles came back. It never went away. And the solution is equally simple. It's just to get more vaccine into the arms of people who are unvaccinated, and then this problem will disappear.
Podcast Host - Christina Raffini
David and I have a selfish question. When we were putting this in the lineup Yesterday, we've had MMRs as kids. Are we protected people who had the usual vaccine course as children? Does that take you through adulthood? Or at some point, if you're in one of these places with high infection rates, do you need some sort of booster?
Dr. Amish Adalja - Infectious Disease Expert
For the vast, vast majority of people, the standard two dose childhood vaccination schedule will protect them for life. That doesn't mean that the vaccine is 100%, but it's pushing, you know, above 95%. So there's no generalized recommendation for boosters that are needed for the population. It's really about people who have had zero doses of measles. That's what's driving this.
Podcast Host - Lisa Mateo
You know, in your line of work, a lot of what you deal with is kind of communication about the need for vaccination going forward. And I'm curious at this moment, when it seems like there are government officials who are not promoting them or not advocating for them, maybe it's incumbent more on public health practitioners like yourself to push for that. What is the messaging campaign like? In other words, how do you assess the way in which public health professionals are making the case for vaccines at a time when they seem more necessary than ever.
Podcast Host - Christina Raffini
And what kind of campaigns have been effective? Have you seen any that that have worked?
Dr. Amish Adalja - Infectious Disease Expert
So I think it depends upon why someone is not vaccinated. There may be people who haven't gotten around to getting their children vaccinated. There may be people who have questions about vaccines. So you kind of have to take a different tack depending upon where someone is. And often it's very different to do it kind of as a one size fits all message on television by a talking head versus a provider sitting in front of a patient or a patient's family and asking what questions do you have about measles? And I think that's the better way to do it. We know that people will move towards vaccination if they can get their answers, get answers to the questions that they have in a non judgmental way. That's a very different type of rhetoric when you're dealing with the likes of RFK Jr who is spreading disinformation, where you just have to basically call him out for spreading lies. So it's very kind of nuanced and very personalized and that's what works. We know that parents trust family doctors, they trust their primary care providers. That's where the actual movement occurs. Not so much when someone's on, you know, blasting from a megaphone about the vaccine.
Podcast Host - Christina Raffini
I think we talked about this last time you were on here, but it seems pretty much a fait accompli now that the US Is going to lose its measles elimination status. There was this hearing, the U.S. requested that it be pushed back until the fall. So now that decision won't come down until fall. But at this point, can you see any way that that doesn't happen given the case rates in the U.S. no.
Dr. Amish Adalja - Infectious Disease Expert
I think that the United States has effectively lost its elimination status. And even if by some technicality it maintains its elimination status, the deeper question is, does the United States have resiliency against measles? The answer is no, irrespective of what the elimination status decision is. And there will be politics around the elimination. So I think it's just for all intents and purposes, the US does not have the ability to control measles any longer.
Podcast Host - Lisa Mateo
On the issue of control, I'm curious how that dovetails with kind of economic considerations. So when you look at where these outbreaks are, I saw there's one in Teton county in Wyoming, for instance. When you start to see an outbreak like this, so much work has to be done to track down who's been exposed to it, get the Word out, obviously mount a vaccination campaign as well. Could you talk a bit about the economic consequences of having a resurgence in a disease like measles in the way in which we're seeing here in the
Dr. Amish Adalja - Infectious Disease Expert
US So anytime there's an infectious disease, it will lead to disruption. People can't go about their activities of daily life, which means if it's a child with measles, that child can't go to school, that child's parents might have to stay home, that child's parents might have to hire someone to babysit. And then you have a health department that then has to go and investigate who was the person in touch with. Do they need to contact people? Do they need to do any kind of countermeasures to stop the measles from spreading in a given community? All of that costs money, and it's money that doesn't need to be spent because these measles cases are happening voluntarily by people's choices. This is not some force of nature. This is people's choice to not vaccinate their children. And then it has economic consequences that don't need to be incurred. And I think that's another important point to make with infectious diseases is that they keep humans from flourishing because they're stuck in bed sick, and they're not out there producing. They're out there innovating. And you're taking money that could be used for some other other concern. And now it's being put back to something. It's put into something that we shouldn't have to be putting money into when we've had a solution to this since the 1960s back.
Podcast Host - Christina Raffini
Before we let you go, we want to ask you about the other thing a lot of Americans are worried about, and that's a cyclospora going around with this, you know, possibly this tainted lettuce. It seems like. Did the administration, did the government react faster, fast enough? And is this a larger concern about food safety and oversight in the US
Dr. Amish Adalja - Infectious Disease Expert
I do think it was more of a reactive reaction from the government. I think state governments did very well, namely Michigan, which got hit very, very hard. But you have to remember that the CDC basically got decimated in this administration in terms of cuts to its budget. Whole divisions that were eliminated, including the division that would have been responsible for cyclospora. So there's less people doing this. So when you're thinking about a foodborne outbreak, it's time and speed and the speed to identify what the vehicle is that's spreading something. If you've got less people around to crunch the data to do the interviews with people who are, who are case patients. It's going to take longer and the state departments have done well, but they are also underfunded, chronically underfunded, understaffed. So it's, it is something that decreases the overall resiliency to foodborne illnesses when you don't have a robust system in place or when that system is being actively dismantled.
Emily Wilson - Professor of Classical Studies
All right.
Podcast Host - Christina Raffini
Dr. Dalja from Johns Hopkins University center for Health Security, thank you so much for joining us. Stay with us for more on Bloomberg this weekend, right after this.
Public.com Advertiser
Support for the show comes from public.com if you're actively involved in your portfolio, you probably catch yourself repeating the same actions. Buying the dip, manually sweeping idle cash, putting on a hedge on public. You can now create AI agents that handle all these tasks on your behalf. Just describe what you want to do in plain English like if the Vix hits 25, buy a put option on the S&P 500 or if my cash balance goes above $20,000, move the excess into my direct index. You approve the workflow and your agent handles the risk, monitoring the market, watching for your conditions and executing your strategies exactly as defined. An investing platform driven by your intent, not just your clicks. You can also get full read and write access to your account via the public API. Go to public.com market and fund your account in five minutes or less. That's public.com market market paid for by
Stephen Sobchinski - Bloomberg Energy Reporter
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IBM Representative
the thing about AI for business, it may not automatically fit the way your business works. At IBM we've seen this firsthand. But by embedding AI across hr, it's and procurement processes, we've reduced costs by millions, slash repetitive tasks and freed thousands of hours for strategic work. Now we're helping companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business.
Podcast Host - David Gura
IBM 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.
Podcast Host - Lisa Mateo
Christopher Nolan's film treatment of the Odyssey has had an epic debut. Feel free to groan, Christina, if you'd like to. It's on track to rake in nearly $500 million in its first two weekends in theaters.
Podcast Host - Christina Raffini
The three hour long blockbuster is based on the 2700 year old Greek poem that inspired Nolan's screenplay. Joining us now is Emily Wilson, professor of Classical studies at the University of Pennsylvania and the first woman to translate the Odyssey into English. Emily Wilson, thank you so much for being here. I have a very strange anecdote to share, but it's relevant to how big this has become. I was in Central park yesterday walking my dumb little dog and I overheard two like bros in their 20s explaining the plot of the Odyssey to each other. And I turned around and I said, you know, I have Emily Wilson on our show tomorrow. And he went, what?
Podcast Host - David Gura
No way.
Podcast Host - Christina Raffini
I gotta watch it.
Podcast Host - David Gura
She's the chick who did the new translation.
Podcast Host - Christina Raffini
So did you ever think at any point when choosing this career you would have Central Park Tech bro name recognition?
Podcast Host - Lisa Mateo
Who could have dared to on a random Friday?
Emily Wilson - Professor of Classical Studies
So weird. It's so funny. I mean, I still wake up and think this can't possibly be real. It's wonderful, though. I mean, I love that Homer is getting all of this New Free press thanks to Christopher Nolan, who was an English major, not a classics major, but he's really put his humanities education to good use.
Podcast Host - Lisa Mateo
You brought your brood to see this film, I gather. I'm curious what you thought of it and how you, as somebody who has been so deeply immersed in this work, can you enjoy a film like this? Are you able to kind of enjoy it as a viewer or are you kind of constantly thinking about whether or not it's sticking literally to the text?
Emily Wilson - Professor of Classical Studies
I had a lot of fun, as you said. Yes. I took my three kids, my teenagers. One of them's over 20, but the others are teenagers. They all had a good time. I thought it was A fun time at the movies. I think, you know, I think there are many ways in which the book is better, but I would say that, right. I mean, this is a fun summer movie, and I think it's very entertaining. And I'm actually really looking forward to many years of discussing with my students how does the book relate to the film. I think it's really going to enrich classroom discussions of the Odyssey all around the world.
Podcast Host - Christina Raffini
I mean, it's interesting because there are people who take issue with the movie. There are people who take issue with your translation. The book may be better, but it's this big. I mean, is it good that people, like you said, are at all just showing interest in it? Does that, do you think, lead to more interest in the classics? And is controversy maybe a good thing to get people reading these. These texts?
Emily Wilson - Professor of Classical Studies
I think it's wonderful that this engagement of whatever kind. I mean, I think it is really clear that this film is bringing both lots and lots of people back to the physical movie theaters, which is, I think, also a good thing. But it's also bringing people back to. To reading big books. The sales of the Odyssey and library checkouts of the Odyssey to see my translation, but also other translations by some order of magnitude up this summer, which I think is wonderful. And it's just this new engagement with people who didn't maybe didn't think ancient literature could be, for me, realizing this is a really fun read and really interesting in so many different ways.
Podcast Host - Christina Raffini
Just to put a number on it. Sales are up 1,420% of hard copy books of the Odyssey.
Emily Wilson - Professor of Classical Studies
Crazy. Yes.
Podcast Host - Lisa Mateo
Interest and remuneration, I think, come hand in hand, which is good. Who's knocking on your door at Penn these days? What does a classics major look like? What's his or her background? Who's showing interest in majoring in the classics these days?
Emily Wilson - Professor of Classical Studies
You know, it's really very, very diverse. I mean, it's kids from all different backgrounds. I mean, I think back in the day, there used to be an idea that if you haven't gone to the kind of private school where you do Latin, then there's no hope for you as a classicist. And that's very much not true anymore. I mean, there's every possible background, every possible high school, even if you didn't go to a high school where you read the Odyssey in ninth grade, even if there wasn't Latin offered at your school. There's so many opportunities at the college level to get into this. I mean, one common thread that I see Especially in the big myth classes that I teach is very often it's kids who've read the Percy Jackson books as children very excited about following up with what. What is different about the Percy Jackson universe versus the universe that we get in Homer? And we have those discussions, and it's fun.
Podcast Host - Christina Raffini
Do you think that diversity makes for a better, more holistic study of the classics? I mean, we were mentioned you were the first woman to translate this text. Talk to us a little bit about what you think your perspective brought to that text as you looked at the language and searched for nuance. And does, you know, do people from different places, different backgrounds, different ethnicities bring that to these translations as well?
Emily Wilson - Professor of Classical Studies
I think that can be the case, yes. I mean, the first woman headline. I slightly resist the idea that women's work must always be defined by gender.
Podcast Host - Christina Raffini
And fair enough.
Emily Wilson - Professor of Classical Studies
Course, for many other female Homerists before me, the Odyssey and the Iliad have been translated into many other languages by women before me. I don't think you could pick out of a lineup which which translations are by women. I actually don't think that stands up to any particular scrutiny. I mean, I would say that, yes, of course, all kinds of background questions can feed into any interpretive activity, whether it's being a historian, being a journalist, being a translator, being a literary critic. The things that you both know as a scholar, as a reader, and also the things you know through embodied experience are going to feed into your interpretive work in some way or other. I mean, for me, my background in English poetics, as well as in Greek and Latin poetics seems essential to what I'm doing as a translator, insofar as my primary intervention, as I see it, is to do with using traditional metrical verse, in contrast to the vast majority of modern translators who've used unmetrical free verse or prose to translate Homer. And that has nothing to do with gender. It's about poetics.
Podcast Host - Lisa Mateo
Can I ask a dumb question about the way you work? So there's the Homeric question, of course. Who wrote this? Did he write this? And the Iliad, et cetera, et cetera. You know, you mentioned these other translations. So there's Fagles and Fitzgerald and Mendelssohn, for that matter. As you're writing this, as you were doing your translation, how much of that was in dialogue with those translations that you'd read previously? In other words, were you working principally from the text in ancient Greek, or were you drawing from at least inspiration from those texts, those translations as well,
Emily Wilson - Professor of Classical Studies
primarily from the Greek? And I don't actually, in terms of my practice, spend much time looking at other translations because most of the time if I'm wrestling with a particular problem about this line is so beautiful in these particular ways. How can I convey that using completely different words? It's not going to help me if I then look and see, oh, he did that. No, I can't use that anymore because he already stole that. So I actually need to spend the time by myself wrestling with it. I'd read a lot of commentaries. I, you know, reread the dictionary over and over to try and figure out how else is this word used where, wherever else it's used in ancient Greek. But it's not really about other looking at other translations. So of course, while I was starting this project, I was meditating on my experiences, especially in the classroom, using many different other translations and thinking about what doesn't get across when I use Bagels or when I use Lattimore. And primarily I thought about both meter and about the vividness, rapidity and the multivocality of Homer. About how. I mean, I think in some ways this is about how Homer can work for the screen as well as for the stage. In adaptation, the Odyssey was composed before drama existed, but it has these amazing speeches of characters who are so fully realized and we fully understand who Penelope is. Who this is, is.
Podcast Host - Christina Raffini
We're going to have to leave it there. Thank you so much.
Podcast Host - Lisa Mateo
I want to speak with you.
Podcast Host - Christina Raffini
Excellent version of the Odyssey. My other favorite is, of course, Wishbone.
Quiz Host
Stay with us for more on Bloomberg this weekend, right after this.
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IBM Representative
AI for business, it may not automatically fit the way your business works. At IBM, we've seen this firsthand. But by embedding AI across hr, IT and procurement processes, we've reduced costs by millions, slashed repetitive tasks, and freed thousands of hours for strategic work. Now we're helping companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business IBM.
Podcast Host - David Gura
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.
Podcast Host - Lisa Mateo
You've waited, as I have, for more than two hours for this. It's time for the pointed news quiz
Podcast Host - Christina Raffini
here on the I tell you what, David Gura and Lisa Mateo. If you change the rules again to benefit David, I will walk off this set. There were some.
Podcast Host - Lisa Mateo
She has a lot of. I always defer to Lisa. That's why I do so well at this game, giving her cash under the table.
Podcast Host - Christina Raffini
What is happening, Lisa? I thought we had a girl code and she shattered that last week.
Podcast Host - Lisa Mateo
Just my respect and adoration comes down to that week after week. Okay, don't discount him, David.
Emily Wilson - Professor of Classical Studies
Let's get to it.
Quiz Host
We are talking about the pointed news quiz, everybody. This is the part everybody's waiting for. Okay, so for those of you at home, you're like, what is this game? Okay, here's what happens. You can play it too at home if you want.
Podcast Host - Lisa Mateo
Now pay attention because she might change the rules again.
Podcast Host - Christina Raffini
She might change the rules.
Quiz Host
There will be three categories, okay? David and Christina each have 30 chips in front of them. They will place their bets on each category, depending on how they feel. You know, maybe they feel more confident about the first or maybe not so much the second. We'll see. Are you ready for your three categories? Born ready before you place your bets. Okay, here are your categories. First off is Birds. Second is Frequent Flyers. And third is World Records.
Podcast Host - Christina Raffini
Did you read a Birds this week?
Podcast Host - Lisa Mateo
I've read no stories this week, which is part of my strategy going forward here.
Quiz Host
So are you going 30, you know, across the board?
Podcast Host - Lisa Mateo
10 across the board. Because birds could be frequent fliers.
Podcast Host - Christina Raffini
I'm also gonna true. Lord help us from David Gura. Puns today. I did do 10 o' clock as well.
Quiz Host
All right, they have placed their bets. Let's go on to the first question. Here we go.
Dr. Amish Adalja - Infectious Disease Expert
Birds.
Podcast Host - Christina Raffini
Lisa.
Quiz Host
Chinese exports are surging for what type of bird used in a popular dish. Now, this is despite local demand kind of being soft. So Chinese exports surging for what kind of bird used in a popular dish. What bird is used in a popular dish from China anytime now.
Podcast Host - Christina Raffini
David Gura.
Quiz Host
He's writing duck. He even drew a picture for those
Podcast Host - Christina Raffini
of you who don't.
Podcast Host - Lisa Mateo
Duck.
Quiz Host
Duck is correct.
Podcast Host - Christina Raffini
Yay.
Podcast Host - Lisa Mateo
Well, that's good for us.
Quiz Host
More specifically, Peking Duck. But I'll give it to you. Okay, there we go.
Podcast Host - Lisa Mateo
Soft demand. Why is demand soft?
Quiz Host
I've tried it, and I'm not a big fan. I don't.
Podcast Host - Lisa Mateo
But crispy skin.
Quiz Host
Yeah. I don't know.
Podcast Host - Christina Raffini
I think it's hard to prepare. They have to do it, like, really well.
Podcast Host - Lisa Mateo
It's my place, very close to us here.
Podcast Host - Christina Raffini
So why is. Why are the exports up?
Podcast Host - Lisa Mateo
Get us back. Get us back.
Podcast Host - Christina Raffini
Focusing on focusing us back down to
Quiz Host
get us back on track.
Podcast Host - Lisa Mateo
Why are they soft?
Quiz Host
Soft In. In the country. They just don't soft demand in the country. They just don't. Not so much. I mean, they have it all the time.
Podcast Host - Lisa Mateo
All right, all right. They're trying to export it.
Podcast Host - Christina Raffini
Getting more popular abroad.
Quiz Host
Trying to get more popular.
Podcast Host - Christina Raffini
Yeah.
Podcast Host - Lisa Mateo
Okay.
Quiz Host
There we go. We're moving on to frequent flyers.
Podcast Host - Lisa Mateo
My energy is low. Doug's put that up there.
Podcast Host - Christina Raffini
I was thinking about that.
Narrator/Advertiser
Duck.
Podcast Host - Lisa Mateo
Ducks to frequent Flyers.
Quiz Host
Here we go. What public figure has flown 57,000 miles since June in a Gulfstream private jet? Enough to circle the equator twice. See, I know you know who it is, but what is the name of. What is this person?
Podcast Host - Christina Raffini
Person's name.
Podcast Host - Lisa Mateo
Wait, okay, that's cryptic.
Quiz Host
What public figure.
Podcast Host - Christina Raffini
Now I'm confused.
Quiz Host
What public figure? What is his name?
Dr. Amish Adalja - Infectious Disease Expert
He's flown.
Quiz Host
Well, that takes that answer 57,000 miles since June. Since June in the Gulf Stream.
Podcast Host - Lisa Mateo
What's been since June, I wonder.
Quiz Host
Yeah, I wonder. David Garrett.
Jeff Mason - White House Correspondent
I don't know.
Quiz Host
A lot's been happening since June.
Podcast Host - Lisa Mateo
Mentioned on the show as well as sport. Maybe paying attention to the chat in weeks beyond.
Quiz Host
I don't know.
Podcast Host - Lisa Mateo
I'm ready. Are you?
Quiz Host
I don't know. Okay, flip it. What do you got?
Podcast Host - Lisa Mateo
Gianni Infantino.
Quiz Host
Yes.
Podcast Host - Lisa Mateo
Taylor Swift.
Quiz Host
You put close.
Podcast Host - Christina Raffini
Hey, yeah, I wrote Taylor Swift. But then you said it was a guy.
Quiz Host
Yes, yes. So the president of FIFA. Yes, he is the one. I mean, you have the expanded World cup, right? There's now 48 teams.
Podcast Host - Lisa Mateo
Excuse my reach.
Quiz Host
Thanks. I get her chips. Okay. Sorry, but listen to this travel schedule. Okay? June 26, he went from Miami to Dallas. Dallas to the Seattle. Seattle to Miami. Because he has to watch all these games, most of them.
Podcast Host - Lisa Mateo
So it's a tough schedule to transplant, I should say. He's paying for it.
Quiz Host
No, no, no. Yeah. The estimated cost for jet fuel, $350,000. That is a price tag.
Podcast Host - Christina Raffini
Quite the carbon footprint. That as well.
Quiz Host
Number three. You ready? World records.
Podcast Host - Christina Raffini
Please continue my suffering. Lisa.
Quiz Host
Okay, I did this story, so I want to make sure you guys were listening when I did it. Runner Josh Kerr. He broke the world record for fastest mile. Okay. Which Berkshire Hathaway owned. Brand. Designed his shoe.
Podcast Host - Lisa Mateo
Such a good question.
Quiz Host
Sneaker Brand. Think about it. Sneaker brand. Running.
Narrator/Advertiser
Always.
Podcast Host - Lisa Mateo
The moral here is always listen to Lisa Mateo. Pay attention.
Quiz Host
I can't.
Podcast Host - Christina Raffini
Remember we talked about this.
Podcast Host - Lisa Mateo
Pulling back the curtain. You know, we're always trying to get ready for the next segment, listening to what the director has to say. Always.
Quiz Host
Christina. Yes. He also was wearing a speed suit.
Podcast Host - Lisa Mateo
Special suit.
Quiz Host
Yeah, special suit.
Dr. Amish Adalja - Infectious Disease Expert
Incredible suit.
IBM Representative
From.
Podcast Host - Lisa Mateo
See him shave those thousandths of a second off his tongue.
Quiz Host
I mean, every. Every second count.
Podcast Host - Christina Raffini
I don't know if, like it's not swimming. I don't know how much the speed suit is gonna make a difference.
Quiz Host
Well, three hours, 42 minutes and 66 seconds. That's exactly what it is.
Podcast Host - Christina Raffini
Maybe we can speed up this.
Quiz Host
Let's hit the bonus because, Christina, you can win these.
Podcast Host - Christina Raffini
Do I get all of my points?
Quiz Host
You get all them back. Ok. The bonus is New Jersey. Okay? That's the category. James Patton was sentenced to 20 months, 21 months in prison after he inflated sales from $20,000 to $100 million. For what type of New Jersey small business. Think about it. New Jersey small business. What type of. Of New Jersey small business.
Podcast Host - Lisa Mateo
Okay, interesting.
Quiz Host
All right.
Podcast Host - Lisa Mateo
I really have no idea on this front.
Quiz Host
Oh, you don't?
Podcast Host - Lisa Mateo
Oh, New Jersey.
Quiz Host
You wrote so fast.
Podcast Host - Lisa Mateo
Okay, I wrote lawn care, trash collection.
Quiz Host
No, it's deli, deli, deli, restaurant, deli. Remember the story next week.
Podcast Host - Christina Raffini
Do you see that? Condescending. For our radio listeners, there's a very condescending conciliation received.
Podcast Host - Lisa Mateo
Always listen to Lisa Mateo. You can test your knowledge on all 10 questions. You can take the pointed news quiz@Bloomberg.com pointed you can find it on the Bloomberg Business App.
Podcast Host - 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.
Podcast Host - Lisa Mateo
We're on Bloomberg Television Radio and the Bloomberg Business App, bringing you unique takes and in depth inside interviews on news, politics, lifestyle and culture.
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Podcast Host - Lisa Mateo
Watch us.
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They set standards, broke records, empowered people to build bigger and higher, to dig deeper, to make the impossible possible. We've all been there with doubters telling us what we can't do. Who cares what they think? We don't need their permission or forgiveness. We just get things done. So go ahead and doubt me, judge me, challenge me. But when the time comes, watch me. Bobcat.
Episode: Trump Headlines White House Correspondents' Dinner; Measles Cases Rise
Date: July 25, 2026
Hosts: David Gura, Christina Raffini, Lisa Mateo
This episode of Bloomberg This Weekend covers a rich array of timely topics including President Trump’s return to the White House Correspondents’ Dinner in the wake of a security breach, escalating geopolitical risks in global energy, the alarming U.S. measles spike, and the cultural phenomenon of Christopher Nolan’s Odyssey adaptation. The episode is marked by insightful expert interviews, vivid on-scene reporting, and engaging cultural commentary, all delivered in Bloomberg’s trademark crisp, conversational style.
(02:21 – 08:59)
“This place is really the largest group of Trump derangement syndrome people ever put together at one time. … My intention to run for a fourth term as president of the United States. I will be doing that.”
— President Trump (02:34)
(09:11 – 22:19)
(25:19 – 32:13)
(35:14 – 42:55)
“This place is really the largest group of Trump derangement syndrome people ever put together at one time.” (02:34)
“It was pretty much the program that was meant to have gone on in April, just three months later. … Instead of about 2,600 people, there were fewer than 700 in the room.” (04:09)
“We know that people will move towards vaccination if they can get answers to the questions they have in a non-judgmental way.” (27:42)
“The U.S. does not have the ability to control measles any longer.” (29:05)
“Sales of the Odyssey and library checkouts...up by some order of magnitude this summer, which I think is wonderful.” (37:42)
Tone & Style:
The episode maintains a blend of newsy urgency, expert depth, and a touch of humor. From Jeff Mason’s on-the-ground color at the Correspondents’ Dinner to Emily Wilson’s wry delight in suddenly being a Central Park “tech bro” talking point, the hosts ensure the podcast is both informative and accessible.
This episode is a must-listen for anyone seeking to understand current intersections between politics, global risks, public health, and culture. The expert interviews and spirited discussions bring both context and personality to headline news.