>> COMING UP ON BLOOMBERG "THIS WEEKEND,"

PRESIDENT TRUMP SAYS HE IS CONSIDERING WINDING DOWN THE

WAR IN IRAN AN HOUR AFTER SAYING THIS.

>> I DON'T WANT TO DO A CEASE-FIRE.

YOU DON'T DO A CEASE-FIRE WHEN YOU ARE LITERALLY OBLITERATING

THE OTHER SIDE.

>> THE LATEST ON AMERICAN TROOP MOVEMENTS.

>> GAS PRICES CONTINUE TO CLIMB AND THE U.S.

PAUSES SOME SANCTIONS ON IRANIAN OIL.

>> VERY TEMPORARY TO BASICALLY DEFEAT THE IRANIAN STRATEGY OF

DRIVING ENERGY PRICES SO HIGH.

>> WILL IT ACHIEVE THAT GOAL OR HELP THE IRANIAN REGIME?

>> PROJECT HAIL MARY SHOOTS FOR THE STARS WITH A BIG OPENING

WEEKEND.

>> DID YOU VISUALIZE HIM BEING AS HOT AS RYAN GOSLING?

>> I DID NOT.

>> THE BOOK BEHIND THE BLOCKBUSTER.

>> I AM DAVID GURA.

>> I AM CHRISTINA RUFFINI HERE WITH LISA MATEO.

WELCOME TO OUR LISTENERS AND VIEWERS ACROSS ALL PLATFORMS,

TV, RADIO, STREAMING, BLOOMBERG.COM, IN THE BLUEBIRD

BUSINESS APP. DAVID:

WE ARE HERE ACROSS ALL OF THE SERVICES CHRISTINA MENTIONED.

THE MIDDLE EAST IS VERY MUCH FRONT AND CENTER.

THE ATTACK ON THE DIEGO GARCIA BASE IN THE INDIAN OCEAN.

REALLY, THE CRUX OF OUR CONVERSATIONS OVER THE NEXT

COUPLE OF HOURS WILL CENTER ON THE MIXED MESSAGING FROM THE

WHITE HOUSE, THE PRESIDENT, AND HIS STAFF ABOUT WHERE THIS WAR

IS HEADED. CHRISTINA: A NEW WIRE FROM THE AP SAYING

BRITAIN CONDEMNED THE "RECKLESS ATTACK"

AND THAT BASS HAS BEEN A POINT OF CONTENTION BECAUSE THE BRITS

HAVE GIVEN BACK OWNERSHIP OF IT TO THE ISLANDS.

THE TRUMP ADMINISTRATION WAS UNHAPPY WITH THAT AND ARE

LIKELY TO BE UNHAPPY WITH THIS AS WELL.

EVEN THOUGH THE PRESIDENT SAYS IRAN HAS BEEN DEGRADED AND THEY

ARE DONE, THEY STILL HAVE CAPABILITY AND CAPABILITY TO

HIT SOMETHING AS FAR AS THIS BASE. DAVID:

WE WILL DIG INTO THAT AND A MOMENT.

LET'S GET TO THE HEADLINES WITH LISA MATEO. LISA:

PRESIDENT DONALD TRUMP SAYS THAT HE IS CONSIDERING WINDING

DOWN U.S. MILITARY EFFORTS AGAINST IRAN.

IT CAME IN A SOCIAL MEDIA POST YESTERDAY. HE SAID THE U.S.

WAS CLOSE TO ACHIEVING ITS OBJECTIVES.

SHORTLY AFTER HE KEPT IT OPEN TO DEPLOYING GROUND TROOPS AND

ROLLED OUT A CEASE FIRE. THE PRESIDENT SPEAKING OUTSIDE

THE WHITE HOUSE YESTERDAY. PRES. TRUMP:

I DON'T WANT TO DO A CEASE FIRE. YOU KNOW, YOU DON'T DO A CEASE

FIRE WHEN YOU'RE LITERALLY OBLITERATING THE OTHER SIDE.

THEY DON'T HAVE A NAVY, AND AIR FORCE, EQUIPMENT, ANY SPOTTERS

OR ANTIAIRCRAFT, THEY DON'T HAVE RADAR AND THEIR LEADERS

HAVE ALL BEEN KILLED AT EVERY LEVEL.

WE ARE NOT LOOKING TO DO THAT. LISA:

THE COMMENTS, AS THE PENTAGON IS ASKING FOR AN ADDITIONAL

$200 BILLION FROM CONGRESS TO PAY FOR THE WAR.

ACTION FROM THE MIDDLE EAST CONTINUES.

THE ISRAELI ARMY SAYS IT IS STRIKING TARGETS IN TEHRAN AND

DETECTED MISSILES LAUNCHED FROM IRAN WHICH LAUNCHES RETALIATORY

STRIKES ON NEIGHBORS. THE CONFLICT ROILED FINANCIAL

MARKETS SENDING OIL PRICES SOARING.

BRENT CLOSED ABOVE 112 DOLLARS A BARREL PROMPTING THE U.S.

TREASURY TO TAKE THE STEP OF UN-SANCTIONING SOME IRANIAN OIL

THAT HAS BEEN LOADED ONTO TANKERS, FOLLOWING SIMILAR

MOVES FOR RUSSIAN OIL ON THE WATER. THE BULK OF IRAN'S OIL IS

BOUGHT BY CHINESE CUSTOMERS. 230 PEOPLE RESCUED, HEAVY RAINS

PUMMELED A WAHOO AND TRIGGERED THE WORST FLOODING THAT THE

ISLAND HAS SEEN IN 20 YEARS.

-- PUMMELED OAHU AND TRIGGERED THE WORST FLOODING THAT THE

ISLAND HAS SEEN IN 20 YEARS. THE POSSIBLE FAILURE OF A

120-YEAR-OLD DAM, DAMAGE COULD TOP $1 BILLION.

>> INCLUDING DAMAGE TO THE AIRPORTS, A MAJOR HOSPITAL

DAMAGED ON MAUI. A LOT OF DAMAGE AT SCHOOLS,

ROADS, AND OF COURSE THE NEW -- THE INNUMERABLE EVENTS THAT

HAPPEN TO PEOPLE'S HOMES WHERE THEY LOST STRUCTURE AND WILL

HAVE TO BE REPAIRED. LISA: HEAVY RAIN TODAY WITH

CONDITIONS PEEKING THROUGH THE WEEKEND.

THE WHITE HOUSE DID SAY THEY WILL OFFER SOME SUPPORT FOR

THIS. DAVID: THOSE STARTLING IMAGES FROM

HAWAII, ABSOLUTELY. CHRISTINA: PRESIDENT TRUMP IS WAKING UP IN

FLORIDA AFTER SAYING THIS LEAVING THE WHITE HOUSE.

PRES. TRUMP: I THINK WE HAVE WON.

WE KNOCKED OUT THERE NAVY, AIR FORCE, ANTIAIRCRAFT, WE KNOCKED

OUT EVERYTHING. WE ARE ROAMING FREE FROM A

MILITARY STANDPOINT. ALL THEY ARE DOING IS CLOGGING

OF THE STRAIT. FROM A MILITARY STANDPOINT THEY

ARE FINISHED. DAVID: LET'S SET THE TABLE.

YOU HAVE THOSE REMARKS FROM THE PRESIDENT OF THE UNITED STATES.

THE SOCIAL MEDIA POST HE POSTED A FEW HOURS AGO, VERY LENGTHY,

BUT WITH HOW MUCH THE ADMINISTRATION HAS ACHIEVED SO

FAR. HE SAID THE MIDDLE EAST -- HE

IS CONSIDERING WINDING DOWN THE WAR, BUT THE PENTAGON IS

CONSIDERING ASKING CONGRESS FOR 200 BILLION DOLLARS.

GIVE AMERICAN WARSHIPS LEAVING CALIFORNIA ON THEIR WAY TO THE

MIDDLE EAST. THAT WILL TAKE SOME TIME, THE SHIPS WON'T

ARRIVE UNTIL APRIL. PRESIDENT TRUMP MULLING OVER

TAKING KHARG ISLAND. UNCLEAR IF HE HAS PLANS TO DO

THAT OR NOT, HE SAYS. THE U.K. ALLOWING THE U.S.

TO USE ITS BASE IN THE STRAIT OF HORMUZ LIFTING SANCTIONS ON

MILLIONS OF BARRELS OF IRANIAN OIL. CHRISTINA:

JUST A LITTLE GOING ON.

HERE TO BREAK IT DOWN IS ABEER, A WHITE HOUSE REPORTER FROM

BLOOMBERG, AND THE AP'S PENTAGON REPORTER.

IT WAS -- I AM LOATH TO SAY SLIGHTLY QUIETER OVERNIGHT.

THERE WERE STILL ATTACKS, INCLUDING THE ROCKET THAT WENT

TOWARDS THE BASE AND THE INDIAN OCEAN.

WHAT ARE YOU SEEING THROUGHOUT YOUR REGION AND WHERE WE START

THE MORNING? ABEER: GOOD MORNING.

THE INTENSITY OF THE IRAN ATTACKS HAS LESSENED BUT THAT

DOESN'T MEAN THAT THEY HAVE NOT BEEN HAPPENING ACROSS DIFFERENT

ARAB GOALS REGIONS. SOME AREAS WE ARE LOOKING AT

OUR THIS IS THE THIRD WEEK OF THE WAR.

THE INTENSITY OR THE DEGREE OF IRANIAN ATTACKS HAS BEEN

CONTINUING.

IRAN IS RETALIATING AGAINST SOME OF THE KEY ENERGY

INFRASTRUCTURES IN THE ARAB GULF. THEY'VE ATTACKED QATAR'S

LARGEST LNG PLANT THAT WIPED OUT POTENTIALLY 17% OF LNG

EXPORTS ACROSS THE GLOBE.

IRAN SAID IT WILL TAKE THREE TO FIVE YEARS TO REPAIR, FULLY

REPAIR, THOSE KEY PLANTS AND ITS TERRITORIES.

THE LNG EXPORTS WILL HAVE AN IMPACT ACROSS DIFFERENT

COUNTRIES IN ASIA LIKE CHINA AND SOUTH KOREA.

BUT ALSO THOSE IN EUROPE INCLUDING BELGIUM AND ITALY.

THIS IS WHAT QATAR SAID.

THIS IS ONE OF THE W IDEST ATTACKS OVER THE WEEK.

WE DON'T HAVE RESERVES, WE CAN'T HAVE A POLICY RESPONSE TO

REPLACE MISSING LNG EXPORTS. THIS IS SET TO HAVE MASSIVE,

MASSIVE IMPACTS ACROSS THE LNG INDUSTRY.

UNLIKE WHAT IS HAPPENING WITH CRUDE, WHICH IS ALREADY AT 100

12, WTI CLOSE TO $100. WE ARE SEEING BIG MOVES AS A OF

PRESIDENT DONALD TRUMP'S ADMINISTRATION'S COMMENTARY

OVERNIGHT. THAT IS WHAT WE ARE SEEING

ACROSS OIL MARKETS. WHEN IT COMES TO LNG THIS IS A

MASSIVE MOVE. WE ARE LOOKING FORWARD TO WHAT

MORE IRAN -- OR WHAT IRAN IS GOING TO TARGET NEXT.

IT LOOKS LIKE THE RETALIATION ISN'T STOPPING.

WHAT WE HAVE SEEN OVERNIGHT, THE ATTACKS ON THE BRITISH AIR

BASE, THAT IS SOMETHING WE DIDN'T -- THE U.S.

ADMINISTRATION ACCORDING TO OUR SOURCES HAVE NOT FACTORED IN.

THAT IRAN HAD THE ABILITY TO DO. SINCE THE START OF THE WAR

THREE WEEKS AGO, 20 DAYS AGO ACROSS THE MIDDLE EAST, WE HAVE

SEEN THE NUMBER OF ATTACKS FROM IRAN SLIGHTLY

LESSEN. THAT DOESN'T MEAN THE PARAMETERS OF THE WAR HAVEN'T

BEEN INTENSIFYING ACROSS THE REGION. DAVID:

THAT IS THE BACKDROP. THE PRESIDENT OF THE UNITED

STATES TAKING NOTE OF THE REGION AND THE MARKET RESPONSE,

WHICH HAS BEEN SIGNIFICANT SINCE THE START OF THE CONFLICT.

HOW DO YOU SQUARE THE CONFLICT CONTINUING AND SHOWING NO SIGNS

OF SLOWING DOWN -- HE ROLLED OUT THE PROSPECTS OF THE

CEASE-FIRE, BUT THAT BEGS THE QUESTION IF MILITARY ACTION ON

THE PART OF THE U.S. WERE TO CEASE WHAT WOULD IRAN'S

RESPONSE BE GOING FORWARD? THE STATEMENT FROM THE

PRESIDENT LAST NIGHT, THE FIVE-POINT STATEMENT ABOUT

OBJECTIVE-C SAYS THE U.S. HAS REACHED OR CLOSE TO

REACHING?

>> A FAIRLY INTERESTING STATEMENT SINCE EARLIER IN THE

DAY HE ROLLED OUT A CEASE FIRE AND NOW HE IS SAYING THAT THEY

WILL BE WINDING DOWN THE WAR. IT'S VERY INTERESTING THAT THE

PRESIDENT ADJUSTED HIS TONE QUICKLY.

IT ALMOST MAKES YOU WONDER WHAT HAPPENED BEHIND THE SCENES.

WHAT WERE THE CONVERSATIONS LIKE BEHIND THE SCENES THAT

SHIFTED THE PRESIDENT'S THINKING AROUND THIS WAR?

I THINK ONE THING TO NOTE MORE BROADLY IN THE U.S.

IS, FOR PRESIDENT TRUMP THE REPUBLICAN PARTY, THE

ADMINISTRATION, IT'S A MIDTERM IN THE U.S.

WITH HIGHER COST OF OIL AND GAS PRICES IN THE U.S., THEY HAVE

TO NAVIGATE THAT AS THE NOVEMBER ELECTIONS NEAR,

ESPECIALLY AT A TIME WHEN U.S. SERVICE MEMBERS HAVE BEEN

KILLED. IT RAISES QUESTIONS ON IF WE

ARE GOING TO -- I SAY WE, THE ADMINISTRATION, WILL CONTINUE

WITH THIS WAR. HOW MUCH IS IT WORTH IT IF

THERE IS THE RISK OF TROOPS CONTINUING TO BE WOUNDED AND

KILLED?

A TALK ON THAT NOTE, PUTTING AMERICAN FORCES IN HARM'S WAY,

CONSTANTINE, THERE HAS BEEN REPORTING IF THE PRESIDENT WILL

USE GROUND TROOPS, IF HE WANTS TO HOLD KHARG ISLAND.

WE HAVE REPORTING FROM AXIOS THAT SAYS THE TRUMP

ADMINISTRATION IS CONSIDERING PLANS TO OCCUPY OR BLOCKADE THE

ISLAND TO PRESSURE IRAN TO REOPEN THE STRAIT OF

HORMUZ. I WAS READING THIS WEEK THAT AN

AMPHIBIOUS ASSAULT, IF THE ADMINISTRATION DECIDES TO GO

FORWARD WITH THAT, WON'T LOOK LIKE THE ONES IN THE PAST,

THINKING D-DAY AND THOSE BOATS. WHAT WILL IT LOOK LIKE IF IT

DOES? CONSTANTINE: GOOD QUESTION.

THE U.S. MILITARY HAS SENT TWO SEPARATE

MARINE EXPEDITIONARY UNITS

TOWARDS THE MIDDLE EAST ONE WAS DOING EXERCISES OFF OF THE

ISLAND OF TAIWAN. IT HAS BEEN REROUTED TO THE

MIDDLE EAST. THAT GROUP IS MADE UP OF TWO AMPHIBIOUS ASSAULT

SHIPS LED BY THE USS TRIPOLI. YESTERDAY WE REPORTED THAT THE

USS BOXER AMPHIBIOUS GROUP MADE UP OF THREE AMPHIBIOUS ASSAULT

SHIPS, THAT'S HEADING TO THE MIDDLE EAST AS WELL.

TO ANSWER YOUR QUESTION, IT CERTAINLY APPEARS THAT ONE OF

THE OPTIONS THAT IS BEING TEED UP IS TO HAVE U.S.

MARINES SEES THE ISLAND -- SEIZE THE ISLAND VIA THE OCEAN.

LISA: WILL IT BE LIKE WHAT WE ARE

PICTURING WITH FAST BOATS AND MEN IN THE WATER OR IS THERE A

MODERN VERSION? THAT IT WAS GOING TO BE A

TARGETED ASSAULT WITH CHOPPERS OFF OF THE CARRIERS, IF YOU ARE

IN THE WATER, AND MORE OF AN ASSAULT FROM THE BOATS?

I DON'T KNOW IF THAT IS SOMETHING WE CAN ANSWER AT THIS

POINT, BECAUSE WHEN I THINK OF AMPHIBIOUS ASSAULTS MY BRAIN IS

STILL GOING "SAVING PRIVATE RYAN." KONSTANTIN:

IF THE MILITARY GOES DOWN THAT PATH, WHICH, TO BE CLEAR, WE

DON'T HAVE ANY INDICATION ONE WAY OR THE OTHER, BUT IT WILL

PROBABLY BE A BLEND OF THE TWO. I DOUBT IT WILL BE ABSOLUTELY

"SAVING PRIVATE RYAN" WAVES AND WAVES OF AMPHIBIOUS

ASSAULT CRAFT. I THINK IT WILL LOOK A LITTLE

LIKE THAT. THE MARINE CORPS STILL UTILIZES

MODERN VERSIONS OF THOSE KINDS OF CRAFTS.

PROBABLY SOME VERSION THEREIN. DAVID: THE STRAIT OF HORMUZ, THE

TRAFFIC OR LACK THEREOF, AN INDIAN TANKER GOT THROUGH.

WE SAW A SERIES OF THIS OVER THE LAST WEEK, A HANDFUL OF

VESSELS GETTING THROUGH IF THE FLAGS OF THE VESSELS, IF THE

COUNTRIES WERE ABLE TO COMMUNICATE WITH TEHRAN AND

NEGOTIATE SOME DEAL. CAN YOU GET US UP TO SPEED WITH

THE NEGOTIATION HAS BEEN LIKE, THE DEGREE THAT SOME TRAFFIC

HAS RETURNED? WHAT IS ON THE MINDS OF

CARRIERS, CAPTAINS, AND INSURERS AS THE CONFLICT

CONTINUES? ABEER: THE STRAIT OF HORMUZ REMAINS IN

EFFECT CLOSED. ONE OF THE THINGS THAT HAS BEEN

A STICKING POINT SINCE THE ON START OF THE WAR, THE IRANIAN

REGIME STILL HAS CONTROL OF THE STRAIT OF HORMUZ WHERE 1/5 OF

THE WORLD'S OIL EXPORTS GO THROUGH.

THAT IS SOMETHING YESTERDAY PRESIDENT TRUMP SAID HE IS NOT

WORRIED ABOUT. IT WILL OPEN ITSELF UP.

YOU MENTIONED THE PAST 10 MINUTES, HE WENT BACK AND SAID

ACTUALLY WINDING DOWN OPERATIONS, THE MILITARY

PRESENCE IN IRAN. IT IS STILL SOMETHING THAT IS

BEING DISCUSSED. IT DOESN'T HELP THAT OVER THE

PAST WEEK IRAN'S CHIEF SECURITY ADVISOR WAS KILLED.

HE WAS SEEN AS SOMEONE WHO WAS

AT THE TABLE PREWAR ALONG WITH OTHER FIGURES THAT HAVE BEEN

KILLED. WE HAVE OUR OWN SOURCES TELLING

US THAT WESTERN INTELLIGENCE AT THIS POINT THINKS THAT THE

KILLING OF ALI LARIJANI MEANS THAT IT WILL BE HARDER FOR

COUNTRIES, INCLUDING THE U.K., FRANCE, AND OTHERS IN EUROPE TO

HAVE THEIR SHIPS ESCORTED THROUGH IRAN.

YOUR MEMBER, PRESIDENT TRUMP SAID EARLIER THAT THEY WILL

TRY, THE U.S. WILL TRY TO GET SHIPS ESCORTED

THROUGH THE STRAIT OF HORMUZ. THAT IS A VERY COSTLY TASK THAT

HAS NOT YIELDED A LOT OF FRUIT, AS WE'VE SEEN SO FAR.

THE STRAIT OF HORMUZ, THERE HAS BEEN MORE MOVEMENT.

THE AP REPORTED LAST WEEK WE HAVE SEEN 90 OR SO TINKERERS GO

THROUGH, WAY BELOW THE NUMBERS WE USED IT TO SEE -- TANKERS GO

THROUGH, WAY BELOW THE NUMBERS WE USED TO SEE BEFORE THE WAR.

LISA: THE WAIVERS THAT THE WHITE HOUSE ISSUED, WHO DOES THAT

BENEFIT? WHEN YOU LOOK AT IT, THE U.S.

DOES NOT BUY IRANIAN OIL. MOST IS SPOKEN FOR BY CHINA.

DID THE WHITE HOUSE GIVE CHINA AN DISCOUNT ON OIL AND LET IRAN

MAKE MONEY FROM OIL THE WHITE HOUSE DIDN'T WANT IT TO SELL?

WHAT IS THE WHITE HOUSE SAYING WHY IT'S A GOOD THING? SKYLAR:

THE ADMINISTRATION, WHAT THEY ARE TRYING TO DO, ANYTHING

SURROUNDING THIS WORK THEY WANT

IT TO APPEAR AS A POSITIVE FOR AMERICANS, EVEN IF -- TALK

ABOUT THE STRAIT OF HORMUZ, TRYING TO GET GOODS THROUGH,

CANNOT GET FERTILIZER THROUGH, THE PLANTING FOR FARMERS IS

STARTING. THEY ARE TRYING TO SPIN

ANYTHING THAT CAN LOOK POSITIVE FOR AMERICANS IN THE U.S.

YEAH, THAT RAISES QUESTIONS. PRESIDENT TRUMP WAS SUPPOSED TO

GO TO CHINA. I WAS SUPPOSED TO BE GOING TO

CHINA NEXT WEEKEND AND THAT TRIP IS DELAYED/POSTPONED PEER

THERE ARE A TON OF QUESTIONS. LISA: ARE THEY DOING SOMETHING?

SKYLAR: SO MANY PEOPLE, WHEN THE WAR

STARTED, AND NOW WHEN THE PRESIDENT IS LAYING OUT THESE

BULLET POINTS, EVERYONE IS TRYING TO FIGURE OUT WHAT WAS

THE GOAL OF THIS OR THAT WAS STARTED.

EVEN IF THE PRESIDENT SAYS IT IS WINDING DOWN, HE IS STILL

SENDING 2000 PLUS MARINES TO THE MIDDLE EAST. THAT DOESN'T

SOUND LIKE WINDING DOWN IF YOU ARE SAYING YOU ARE WINDING DOWN.

CHRISTINA: OR IF YOU ARE BEING CALLED UP.

SKYLAR WOODHOUSE OUR WHITE HOUSE REPORTER.

ABEER

ABU-OMAR AND KONSTANTIN TOROPIN. DAVID:

SEE THE DELICACY WITH WHICH THE TREASURY SECRETARY TALKS ABOUT

THIS CLEARLY UNDERSTANDING THE AWKWARDNESS OF NOT JUST LIFTING

SANCTIONS ON THE IRANIAN CRUDE BUT ALSO WHAT HE HAS DONE WITH

RUSSIAN OIL, ALLOWING RUSSIAN OIL TO BE SENT TO INDIA AND

OTHER PLACES. IT RUNS IN THE FACE OF POLICY

UNDER PRESIDENT TRUMP OF PRESIDENT BIDEN AS WELL.

CHRISTINA: BOTH SIDES SAY YOU ARE

CONTRACTING YOUR OWN GOALS. WHAT ARE WE DOING HERE? DAVID:

PRESIDENT TRUMP CALLING ON NATO AND OTHER ALLIES TO HELP SECURE

THE STRAIT OF HORMUZ, AS WE WERE TALKING ABOUT.

SO FAR THE RESPONSE FROM THOSE ALLIES HAS NOT BEEN

OVERWHELMINGLY POSITIVE. WE WILL DISCUSS THAT ON

BLOOMBERG "THIS WEEKEND" ON BLOOMBERG RADIO, TELEVISION,

AND BLOOMBERG.COM. ♪

LISA: THANK YOU FOR JOINING US ON

BLOOMBERG "THIS WEEKEND." PRESIDENT TRUMP SAYS AT SOME

POINT THE STRAIT OF HORMUZ SHOULD OPEN ITSELF UP.

PRES. TRUMP: IT IS RELATIVELY SAFE, BUT YOU

NEED A LOT OF HELP IN THE SENSE OF YOU NEED SHIPS, YOU NEED

VOLUME. NATO COULD HELP US, BUT SO FAR

THEY HAVEN'T HAD THE COURAGE TO DO SO.

AND OTHERS COULD HELP US, BUT WE DON'T USE IT.

AT A CERTAIN POINT IT WILL OPEN ITSELF.

AT A CERTAIN POINT, WHEN WE HAVE DEFEATED THE ENEMY. LISA:

THE PRESIDENT OUTSIDE THE WHITE HOUSE YESTERDAY.

IRANIAN OFFICIALS HAVE BECOME RELUCTANT TO EVEN DISCUSS THE

WATERWAY. BLOOMBERG REPORTING TEHRAN IS

TRYING TO IMPOSE A TRAFFIC CONTROL SYSTEM THROUGH THE

STRAIT, SAFE PASSAGE FOR FRIENDLY VESSELS.

SOURCES SAY THE IRANIAN NAVY GUIDED AN INDIAN LIQUEFIED

NATURAL PETROLEUM GAS TANKER THROUGH THE STRAIT LAST WEEK

ALLOWING THE SHIP TO PASS ON A PRE-APPROVED ROUTE FOLLOWING

DIPLOMATIC ENGAGEMENT BY NEW DELHI.

THE DEPARTMENT OF HOMELAND SECURITY FAILED TO ADVANCE

FRIDAY IN THE SENATE AS LINES TO GET THROUGH SECURITY AT SOME

OF THE COUNTRY'S BIGGEST AIRPORTS CONTINUE TO GROW.

KAYLA -- CALL OUT RATES FOR TSA WORKERS NOT GETTING PAID DURING

THE FUNDING LABS ARE ON THE RISE. CHUCK SCHUMER SAID THAT HE

WOULD OFFER AN ALTERNATIVE MEASURE TODAY TO FUND JUST THE

TSA AS LAWMAKERS HOLD A RARE WEEKEND SESSION.

A JURY SAYS ELON MUSK MISLED TWITTER INVESTORS BEFORE HIS 44

BILLION DOLLARS ACQUISITION OF THE COMPANY IN 2022.

THEY FOUND MUSK DEFRAUDED SHAREHOLDERS WHEN HE TWEETED

THE SOCIAL -- THE SOCIAL MEDIA NETWORK X HAD TOO MANY FAKE

ACCOUNTS AND TRIED TO BACK OUT OF THE DEAL.

MUSK'S LAWYERS SAID THEY WOULD APPEAL.

CHRISTINA: AS PRESIDENT TRUMP SIGNALS A

POSSIBLE END TO THE WAR IN IRAN HE HAS REPEATEDLY RAILED NATO

ALLIES FOR NOT PROVIDING SUPPORT TO OPEN THE STRAIT OF

HORMUZ, CALLING THEM PAPER TIGERS,

COWARDS, AND CALLING THEM OUT TO THE PRESS. PRES. TRUMP:

IT IS A SIMPLE MILITARY MANEUVER, IS RELATIVELY SAFE,

BUT YOU NEED A LOT OF HELP IN THE SENSE OF YOU NEED SHIPS,

YOU NEED VOLUME. AND NATO COULD HELP US, BUT

THEY SO FAR HAVEN'T HAD THE COURAGE TO DO SO.

AND OTHERS COULD HELP US. THE STRAIT ITSELF, WE ARE DOING

A GOOD JOB, BUT IT WOULD BE NICE IF THE COUNTRIES,

INCLUDING CHINA, IF THE COUNTRIES THAT USE IT -- CHINA

USES IT FOR 90% OF THEIR ENERGY. JAPAN IS 95% OF THE ENERGY.

IT WOULD BE NICE IF THOSE COUNTRIES WOULD GET INVOLVED.

DAVID: JOINING US AS THE SENIOR FELLOW

FOR THE MIDDLE EAST STUDIES AT THE COUNCIL OF FOREIGN

RELATIONS ALONG WITH THE DEPUTY NATIONAL SECURITY ADVISOR TO

DICK CHENEY NOW A SENIOR RESEARCH FELLOW FOR CHINA AND

NATIONAL SECURITY POLICY AT THE HERITAGE FOUNDATION.

LISA, I WILL GET TO THE NATO ALLIES IN A MOMENT.

I WANT TO START WITH THE DISSIDENTS THAT WE HAVE BEEN

FOCUSED ON, THE PRESIDENT TALKING ABOUT THE PROSPECTS OF

WINDING DOWN THE WAR WHILE FLOATING THE NOTION THAT THERE

COULD BE AN INVASION OF KHARG ISLAND IN THE COMING DAYS.

NOT SAYING YES OR NO EITHER WAY, BUT THE SPECTER OF THAT

LOOMS LARGE. HOW DO YOU SEE THE TIMELINE OF

THIS WAR AS WE APPROACH THE FOURTH WEEK OF IT BEING COLORED

BY WHAT THE PRESIDENT HAS SAID AND POSTED IN RECENT HOURS?

LISA: THANK YOU FOR HAVING ME. I THINK THE PRESIDENT HAS SAID

NUMEROUS TIMES OVER THE LAST THREE AND A HALF WEEKS THAT THE

WAR WOULD RAMP UP SOON.

THAT THIS WAS A RELATIVELY EASY OPERATION.

I THINK WHAT WE ARE SEEING IS THE IRANIAN REGIME HAS

CERTAINLY RAISED THE COSTS OF THE WAR, MADE IT A LITTLE MORE

DIFFICULT FOR THE PRESIDENT TO CLAIM SUCCESS.

IT'S UNCLEAR TO ME WHETHER THIS IS SIMPLY ANOTHER PRONOUNCEMENT

BY THE PRESIDENT TO MAYBE CHANGE THE SUBJECT OR EVEN TO

CONTINUE TO CONFUSE BOTH THE REGIME AND OTHERS ABOUT WHAT HE

INTENDS TO DO, OR WHETHER THIS IS REAL AND HE IS LOOKING FOR

AN OFFRAMP. AS YOU SAY, THERE ARE MARINES

COMING INTO THE PERSIAN GULF THIS WEEKEND AND ADDITIONAL

RESOURCES AND ASSETS HAVE BEEN MOBILIZED AS WELL.

ALL OF THESE SEND CONFUSING SIGNALS AS TO THE PRESIDENT'S

INTENTIONS. WHETHER HE IS LOOKING FOR AN

EXIT RAMP OR NOT INTENDING TO DECLARE SUCCESS QUITE YET.

CHRISTINA: STEVE, SOMETHING WE TALKED

ABOUT IN THE LAST BLOCK. I WONDER IF YOU COULD HELP US

UNDERSTAND THE POLICY GOALS BEHIND THE WAIVER?

THE VAST MAJORITY OF IRANIAN OIL IS CALLED FOR BY CHINA.

THE U.S. HAS GIVEN A STRATEGIC COMPETITOR A BIG DISCOUNT ON

ENERGY, GIVEN IRAN UP TO 40 BILLION DOLLARS IN REVENUE,

WHILE AT THE SAME TIME BOMBING THAT COUNTRY, AND NONE OR NOT

ENOUGH OF THAT OIL IS LIKELY TO HIT THE MARKET AT LARGE TO MAKE

A DIFFERENCE IN OIL PRICES. WHAT ARE WE DOING HERE? STEVE:

ONE OF THE GRAVEST ERRORS IN THE ANALYSIS IS TRYING TO DRAW

DRAW LONG-TERM ANALYSIS FROM SHORT-TERM EVENTS AND HEAVILY

WEIGHTING THE PUBLIC RELATIONS ANALYSIS RATHER THAN THE FACTS

ON THE GROUND AND WHAT IS CHANGING.

IT IS COMPLETELY CONSISTENT TO TRY TO DEMONSTRATE THAT SOME

THINGS WILL MOVE AND WE ARE A REASONABLE NEGOTIATOR IF YOU

WILL BACK DOWN AND, BASICALLY, ENGAGE WHAT IS LEFT OF IRAN'S

LEADERSHIP HAS CHOSEN NOT TO NEGOTIATE SEVERAL TIMES.

BASICALLY, THEY ARE TERRORIZING THE STRAIT AT THIS POINT.

THEY DON'T CONTROL THE STRAIT OF HORMUZ.

THEY CONTROLLED THE ABILITY TO FIRE UPON PEOPLE WHO USE IT.

CHRISTINA: UNDERSTANDING THAT, WHY ISSUE A

WAIVER THAT MAKES IT EASIER FOR THEM TO SELL SOME OF THIS OIL?

WHY ISSUE THIS OH FACT WAIVER? HOW DOES THAT HELP TAKE DOWN

THE REGIME?

STEVE: THE REGIME IS HEAVILY DAMAGED.

OF COURSE THERE ARE REMNANT CAPABILITIES THAT CAN LASH OUT.

THEY DEMONSTRATED, MUCH TO THE DISMAY OF ANALYSTS WHO SAID

THAT IT WASN'T POSSIBLE, THAT THEY HAD A MISSILE CAPABLE OF

GOING MULTIPLE THOUSANDS OF MILES.

IT COULD ALSO REACH CONTINENTAL EUROPE AND HAVE THE SAME KIND

OF TERROR OF FACT THAT MANY PEOPLE SAID THERE WAS NO

IMMINENT THREAT OF EXISTING. WHAT IS HAPPENING IS IN THREE

WEEKS THE REGIME HAS BEEN HEAVILY DEGRADED.

INTERNATIONAL MARKETS HAVE EXPERIENCED A SHOCK.

THERE ARE A LOT OF THINGS THAT NEED TO HAPPEN TO MANAGE THAT

SHOCK. IT IS NOT A GOOD LOOK FOR NATO

TO ACT DISINTERESTED -- AS AN DISINTERESTED BYSTANDER IN

FREEDOM OF NAVIGATION ON THE SEAS.

THAT IS WHERE PRESIDENT TRUMP IS CORRECT.

WHEN YOU HAVE NUMBERS THAT ARE TOGETHER MOVING CARGO THROUGH,

IRAN WON'T HAVE THIS JUST BE TARGETING ONLY THE UNITED

STATES OR ISRAEL AS THE PRIME CONTENDERS IN WHAT NEEDS TO

HAPPEN WITH THE FREE FLOW OF RESOURCES.

CHRISTINA: STEVE DOESN'T SEEM TO WANT TO

ANSWER THE QUESTION SO I WILL ASK YOU.

WHAT IS THE POLICY GOAL BEHIND THIS OFAC WAIVER? ELISA:

I THINK THIS IS PART OF THE ASSURANCE CAMPAIGN THE

ADMINISTRATION HAS UNDERTAKEN TO CALM

MARKETS. ITS STEPS SO FAR HASN'T WORKED.

MARKETS HAVE RESPONDED OVER THE LAST 10 DAYS QUITE ACUTELY TO

THE WAR. PRONOUNCEMENTS ON LIFTING

SANCTIONS ON RUSSIAN OIL, WHICH WE CAN TALK ABOUT IN A MOMENT

WHAT THAT MEANS FOR NATO, AGREEING TO UNDERWRITE

INSURANCE FOR THOSE WHO ARE TRYING TO TRANSIT THE STRAIT.

ESCORTS WERE TALKED ABOUT NOW. NOW THE OFAC LICENSE.

THESE ARE STEPS TO TRY TO

STABILIZE MARKETS AND BRING THE PRICE-- THAT'S NOT HOW MARKETS

HAVE BEEN RESPONDING. IT'S NOT CLEAR HOW THIS LICENSE

IS GOING TO WORK, AS YOU INDICATED.

THIS OIL IS ALREADY LOADED INTO TANKERS, HAS BUYERS, HAS

DESTINATIONS. WHAT I WOULD ADD ON THE KIND OF

RISK THAT THE REGIME HAS PLACED THE STRAIGHT UNDER, WHAT'S

DIFFERENT I THINK FROM THE WAY THAT WE LOOKED AT THIS PROBLEM

SET BEFORE IS THAT WE ALWAYS PRESUMED THAT WHEN THE REGIME

WOULD MAKE GOOD ON THE THREAT TO CLOSE THE STRAIGHT, IT WOULD

COME FROM A HIGH-COST TO THE REGIME ITSELF, MEANING IT COULD

MOVE ITS OIL. WHAT WE ARE SEEING IS THAT

CHINESE TANKERS, INDIAN TANKERS ARE MOVING THROUGH.

IRANIAN OIL IS MOVING.

EVERYTHING THAT IS STUCK INSIDE THE STRAIGHT IS WHAT'S NOT

MOVING.

DAVID: WHEN YOU TALK ABOUT LONG-TERM

CONSEQUENCES IN SHORT-TERM EVENTS, THE RHETORIC FROM THE

ADMINISTRATION IN THIS TERM IN THE TERM BEFORE IT IN THE TRUMP

ADMINISTRATION IS SOMEWHAT ADVERSARIAL TOWARDS THESE

MULTILATERAL ALLIANCES. LOOKING AT IT NOW, DO YOU THINK

THAT IT WAS AT ALL A MISSTEP ON THE PART OF THIS ADMINISTRATION

AND ISRAEL NOT TO TRY TO RALLY THESE ALLIES EARLIER?

THEY ARE MAKING AN ENTREATY FOR ALLIES TO CONTROL THE STRAIT OF

HORMUZ. IS THIS SOMETHING THAT COULD

HAVE BEEN WORKED ON AND AGREED TO BEFORE THE STRIKES TOOK

PLACE THREE WEEKS AGO?

>> UNEQUIVOCALLY, NO. THERE WAS NO CIRCUMSTANCE WHERE

THERE WOULD BE A GAP IN THESE ALLEGED ALLIES.

ANOTHER FRAMING ERROR IS THAT ISRAEL IS AN ALLY OF THE UNITED

STATES.

EUROPE HAS BEEN A PRODUCT -- PART OF IT.

THE ADMINISTRATION, INCLUDING THE ONE IN WHICH I SERVED, WAS

A PART OF THE PROBLEM IN ASSUMING THAT THE ONLY WAY TO

DEAL WITH THIS PROTRACTED PROBLEM OF FOUR DECADES WAS TO

BASICALLY NEGOTIATE SOME KIND OF SETTLEMENT WHERE WE PAY A

LOT TO THE REGIME AND TO RON AND THEN WE WOULD NEGOTIATE

SOME KIND OF APPEASEMENT TO ALLOW THIS TERROR TO CONTINUE.

I THINK AT SOME POINT THE COSTS BECOMES TOO HIGH AND RISKY

ACTION HAS TO BE TAKEN. I DON'T LIKE NECESSARILY EVERY

ELEMENT OF THIS ACTION, BUT THERE WAS NO CHANCE THAT THE

GOVERNMENTS IN THE MAJOR CAPITALS OF EUROPE ARE GOING TO

SIGN ON TO THIS. FOR DECADES THEY'VE BEEN ON THE

SIDE OF THE DEALS LIKE THE JCPOA AND OTHERS, WHICH DIDN'T

KEEP THE CORK IN THE BOTTLE.

BEFORE I LET YOU GO, THERE'S A CLIP IN WHICH A JOURNALIST

ASKED WHY EUROPE DOESN'T JUST SAY TO THE U.S.

YOU WANT US TO PATROL THE STRAIGHT, THIS IS WHAT WE WANT

IN UKRAINE. YOU SEE HIS FACE AND HE SAYS --

THAT'S A GOOD IDEA. IS IT A GOOD IDEA?

SHOULD THEY DO THAT?

EUROPE -- >> EUROPE ALWAYS HAS LEVERAGE IN THE ALLIANCE THAT

THEY DON'T ALWAYS USE TO THE BEST EFFECT HERE.

REMEMBER THAT THIS RELATIONSHIP IS UNDER A LOT OF STRAIN AND IT

WASN'T LONG AGO THAT WE WERE TALKING ABOUT GREENLAND.

THE UNPREDICTABILITY OF THE ADMINISTRATIVE APPROACH ON A

NUMBER OF IMPORTANT POLICY ISSUES FOR EUROPE IS A PART OF

THE EQUATION HERE. SO, COULD EUROPE TURN THIS INTO

A DISCUSSION ABOUT WHAT IT NEEDS FROM WASHINGTON? SURE.

BUT THE FACT THAT THERE IS SUCH A LACK OF TRUST AND DISCOMFORT

WITH THE UNPREDICTABILITY OF THE TRUMP APPROACH FEEDS INTO

WHETHER OR NOT YOU CAN TRUST THAT THAT CONVERSATION CAN

PRODUCE WHAT EUROPE MIGHT NEED. DAVID: THANK YOU BOTH VERY MUCH.

LISA WAS PART OF THE NATIONAL SECURITY COUNCIL STUDY RESEARCH

ON CHINESE NATIONAL SECURITY POLICY AND WAS A NATIONAL

SECURITY ADVISOR FOR DICK CHENEY.

CHRISTINA: THIS ADMINISTRATION HAD MADE

GOOD PROGRESS WITH THE MIDEAST ALLIES. THE ABRAHAM ACCORDS, 100

PERCENT. THE NEXT STEP IN NORMALIZATION

WAS LIKELY TO HAVE BEEN SAUDI BEFORE THE GAZA CONFLICT AND I

WONDER NOW IF THOSE ARE SALVAGEABLE. DAVID:

WHAT WILL BE INTERESTING TO WATCH HERE IS IF THOSE

SHORT-TERM EVENTS BECOME LONGER TERM CONSEQUENCES WHEN YOU TALK

ABOUT WHAT THEY TRIED TO BROKER IN TERMS OF CONTINUED PEACE IN

THE REGION. CHRISTINA:

AND RESENTMENT THAT THE U.S. DIDN'T STOP SOME OF THE STRIKES.

ALL RIGHT, PUTTING AT RISK THE WORLD SUPPLY OF NATURAL GAS,

OUR NEXT GUEST HEADS UP A MAJOR PROJECT IN THIS COUNTRY AND WE

TALK ABOUT IT ON "BLOOMBERG THIS WEEKEND." ♪

THANK YOU CHRISTINA: LISA:

THANK YOU FOR JOINING US LIVE ON "BLOOMBERG THIS WEEKEND."

PRESIDENT TRUMP SAID HE THOUGHT OIL PRICES WOULD GO HIGHER.

>> I THOUGHT OIL PRICES WOULD GO MUCH HIGHER.

>> SPEAKING OUTSIDE THE WHITE HOUSE YESTERDAY, THE CONFLICT

HAS SENT ENERGY PRICES SOARING. BRENT CRUDE OVER $100 PER

BARREL, THE HIGHEST SINCE MID-2020 TWO, PROMPTING THE

SALE OF OIL AND PETROCHEMICAL PRODUCTS LOADED ONTO TANKERS.

THE FIRST OIL FROM HIS EMERGENCY BARREL RELEASE IS SET

TO START FLOWING SOON, ACCORDING TO A DOCUMENT FROM

THE U.S. ENERGY DEPARTMENT. 45 MILLION BARRELS ARE BEING

RELEASED FROM THE U.S. STRATEGIC PETROLEUM RESERVE.

A FEDERAL JUDGE HAS AGREED TO BLOCK THE TRUMP ADMINISTRATION

ON A POLICY THAT LIMITS NEWS REPORTER ACCESS TO THE PENTAGON.

SECRETARY PETE HEGSETH IN DECEMBER CLAIMED THE

CREDENTIALING POLICY VIOLATES A JOURNALIST CONCH --

CONSTITUTIONAL RIGHTS. THE MEN'S NCAA TOURNAMENT,

SECOND DAY ACTION, A CLOSE MATCHUP BETWEEN KENTUCKY AND

SANTA CLARA AND IN THE END, THEY MOVED FORWARD, BEATING

SANTA CLARA 89 TO 84. FLORIDA MOVED ON BEFORE

PUMMELING PRAIRIE VIEW. LOCALLY, ST. JOHN'S BEAT

NORTHERN IOWA 79-53. UNFORTUNATELY, TWO OTHER LOCAL

TEAMS WERE KNOCKED OUT OF THE TOURNAMENT, NYU AND HOFSTRA.

DAVID: THAT WAS SOMETHING TO WATCH OR

LISTEN TO. AN AMAZING THREE WITH SECONDS

TO GO, FIRED BY SANTA CLARA, KENTUCKY FIRING ONE OFF AT THE

END. THEY DID IT FAIRLY -- BARELY.

CHRISTINA: I DIDN'T WATCH BASKETBALL, BUT

I DID SEE SOME ADORABLE SOCIAL MEDIA VIDEOS OF THE MICHIGAN

TEAM WARMING UP. IT ALMOST MADE ME WANT TO WATCH

THE GAMES. ALMOST. DAVID: WELL, WE KNOW WHAT GETS YOU

EXCITED ABOUT MARCH MADNESS. LISA: DIPLOMACY. [LAUGHTER]

CHRISTINA: THANKS, LISA. DAVID: WE SAW THE ADMINISTRATION

WAVING SANCTIONS ON IRANIAN OIL TO ALLOW THE SALE OF IT FOR 30

DAYS, AND EXTRAORDINARY DEVELOPMENT. CHRISTINA:

ATTACKS ON THE WORLD'S LARGEST NATURAL GAS COMPLEX HAVE SENT

PRICES SOARING. JOINING US NOW, BRENDA NEW

BALL, WHOSE GROUP IS BEHIND A LARGE LIQUID NATURAL GAS

PIPELINE IN ALASKA. THANK YOU FOR JOINING US.

>> THANK YOU FOR HAVING ME. CHRISTINA:

TELL US WHAT THE STRIKES HAVE DONE TO THE MARKET AS A WHOLE?

>> WE ARE THE LARGEST IMPORTER OF LNG INTO COLUMBIA FOR OUR

POWER PLANTS. BEFORE THE ESCALATION WE WERE

PURCHASING AT $10, 11 DOLLARS PER BTU.

LAST WEEK WE JUST PURCHASED AT $20. I SAW THE TRADES PRINT

YESTERDAY AT $30. THAT IS JUST A HUGE ESCALATION

IN PRICE. BASICALLY IT'S FEAR OF NOT

GETTING CARGO. DAVID: DRAWING ON YOUR EXPERIENCE, I

SAW A HEADLINE THAT THIS IS AN ARMAGEDDON FOR THE GAS INDUSTRY.

HAVE YOU SEEN ANYTHING LIKE THIS BEFORE?

THE CLOSEST ANALOGY I CAN GRAB IS WHAT HAPPENED A COUPLE OF

YEARS AGO IN UKRAINE. HOW MUCH MORE DEVASTATING IS

THIS, POTENTIALLY?

BRENDAN: ONE OF THE PROBLEMS IN EUROPE

AS THEY HAD TO RUSH PERMITTING THROUGH REALLY FAST. WHERE

THOSE TERMINALS NEED TO BE AT THE MOMENT, NOW IT'S ACCESS TO

CARGO ON THE WATER. THE ACTUAL FACILITIES ONLY HAD

A CERTAIN NUMBER TRAINED. WE DON'T HAVE CLEAR INFORMATION

YET. THE TRAIN TAKES THE GAS, TAKES

IT TO A LOW TEMPERATURE, LIQUID, PUTS IT INTO THE VESSEL.

IF THE VESSEL CANNOT GET IN, IT CAN'T PUT IT UP.

IT'S A PERISHABLE ITEM AS WELL. LNG RUNS OUT, EVAPORATES.

IF IT'S NOT GETTING TAKEN OUT ON THE SHIPS, IT WILL TAKE TIME

TO RESTART AS WELL.

CHRISTINA: WHAT'S YOUR SENSE OF HOW LONG

IT WILL TAKE TO GET THAT BACK ONLINE AND WHEN THOSE BOATS ARE

GOING TO START MOVING? BRENDAN:

I WAS TALKING TO MY CONSTRUCTION COMPANY BUILDING

MY FACILITY IN TEXAS. NOBODY REALLY KNOWS WHAT NEEDS

TO BE REPAIRED AT THE MOMENT ON THE OUTSIDE.

NO ONE HAS PEOPLE IN THERE ON THE CUSTOMS SIDE DOING THE

INSPECTION.

IT COULD TAKE THREE YEARS TO FIVE YEARS.

BUILDING SOMETHING FROM SCRATCH, VERSUS THAT MAJORITY

BUILD, IT'S A LOT MORE COMPLICATED.

THE MAIN PROBLEM IS ONE OR TWO TRAINS IS IN THE END OF THE

WORLD, IT'S JUST GETTING THE STRAIGHT OPEN AGAIN.

ONCE IT'S OPEN AGAIN, THAT WILL BE THE MAIN DOWNWARD PRESSURE

BACK ON PRICE. DAVID:

BEFORE WE GET THE GRANULAR DETAILS, WHAT DOES IT MEAN FOR

THE NATURAL GAS MARKET AND INDUSTRY IN THE U.S.

AS YOU SIT FROM YOUR VANTAGE AND WATCH WHAT'S UNFOLDING IN

THE MIDDLE EAST? BRENDAN:

AS AN INDUSTRY WITH DOMESTIC NATURAL GAS THERE'S BEEN A

DESIRE TO GET MORE ON THE WATER THROUGH THE INDICES, AND THAT

WILL CONTINUE, RIGHT? HENRY HUB IS ONLY IMPACTED SO

MUCH BY EXPORTS. EVERY CARGO THAT CAN BE

EXPORTED HAS ALREADY BEEN EXPORTED.

I DON'T SEE IT DRIVING A HUGE OUTCOME IMMEDIATELY.

IT WILL BE DRIVEN BY OTHER ISSUES.

IT WILL PUT UPWARD PRESSURE ON LONG-TERM PRICES. DAVID:

I DREW THE ANALOGY TO THE UKRAINE WAR, DID THAT HAVE A

CATALYTIC EFFECT WHEN THE CONFLICT GOT UNDERWAY A FEW

YEARS AGO?

BRENDAN: MANY PROJECTS WERE IN A PERMITTING DOLDRUMS. ENERGY

PRICES WENT DOWN AS DELIVERED, $25 PER OUNCE, 10 TIMES SWING.

COMING OUT OF COVID, PRICES AT LOW, UKRAINE WAR, IF IT HADN'T

HAPPENED, THINGS HAD SLOWED DOWN.

AFTER THAT EVERYTHING HAS COME BACK. IN THE U.S.

IS THE MOST SECURE PLACE TO GET LNG FROM CHRISTINA: .

THE PRESIDENT HAS SAID THAT WE DON'T NEED THE STRAIGHT FOR

INDEPENDENT, BUT THAT'S NOT QUITE TRUE, IS IT?

JUST IN TERMS OF BRINGING THE OVERALL PRICES DOWN? BRENDAN:

EVERYONE WANTS LOWER ENERGY PRICES.

YOU MIGHT THINK I WANT TO INFRASTRUCTURE, I'M AN

INFRASTRUCTURE PLAYER. EVERYONE WANTS A LITTLE BIT OF

VOLATILITY TO MAKE SOME MONEY. WHEN ENERGY PRICES COME DOWN,

WE'LL BENEFIT, AND THAT IS WHAT WILL HAPPEN FROM THE STRAIT.

AS A NATION, WE'VE GOT ALL THE ENERGY WE NEED. DAVID:

GIVING YOU A MINUTE TO TALK HER BOOK, THIS PROJECT IN ALASKA,

THE WAY THE GLOBAL ENERGY MARKET IS BEING AFFECTED, WHAT

WOULD OR DOES THAT PROJECT OFFERED TO CUSTOMERS OR CLIENTS

IN ASIA LOOKING AT A REAL PROSPECT BECAUSE OF WHAT'S

HAPPENING IN THE STRAIT OF HORMUZ WITHOUT READY RELIABLE

ACCESS? BRENDAN:

A LITTLE BIT OF BACKGROUND ON THE ALASKA PROJECT, IT'S VERY

LARGE. IT'S A 20 MILLION TONS PER

ANNUM , WHICH IS A VERY SIGNIFICANT SIZED PROJECT.

TWO PHASES. THE PIPELINE TO BRING GAS FROM

THE NORTH SLOPE DOWN TO THE SOUTH NEAR ANCHORAGE.

LNG FACILITY FOR EXPORTING.

THOSE LNG FACILITIES, THE WHOLE THING IS FULLY ENGINEERED.

IT'S ALL PERMITS.

CHRISTINA: AND ASIA HAS BEEN HIT HARD BY

THIS STRAIGHT? BRENDAN:

IN PARTICULAR, INDIA AND CHINA ARE THE HEAVY BUYERS ON LNG.

CHINA AND INDIA ARE THE HEAVY BUYERS, WITH JAPAN AND KOREA

LAST. CARGO IS STILL COMING OUT OF THE MARKET.

IF WE CAN TAKE IT DOWN FROM ALASKA, IT IS CLOSE, SECURE, A

U.S. CARGO THAT IS PROTECTED WITH

FIVE DAYS SAILING IN U.S. WATERS. CHRISTINA:

BEFORE I LET YOU GO, CRITICS SAY THE PRICE TAG IS MUCH

HIGHER. WHAT'S YOUR RESPONSE? BRENDAN:

I KNOW BECAUSE I'M SELLING LNG OUT OF THE GULF COAST AND

ALASKA. WE CAN OFFER EXCELLENT PRICES.

PROBABLY A GOOD MOMENT TO PITCH IT. DAVID:

BRENDAN DUVALL, ON HIS WAY TO SARAH WEEK FOR THIS CONFLICT WE

WERE TALKING ABOUT, JUST A FEW WEEKS AGO IT WILL BE THE NEXUS

OF THESE HOT TICKETS OVER THE NEXT FEW WEEKS AND WE WILL HAVE

COVERAGE ACROSS OUR BLOOMBERG PLATFORMS AS THE EVENT GETS

UNDERWAY. UP NICK -- UP NEXT, THIS WEEK'S

MOST READ STORIES. YOU CAN EXPLORE LIVESTREAMING

NEWS AND INTERVIEWS ON ALL OF OUR SHOWS, DOCUMENTARIES AND

ANALYSIS AND MORE, ALL IN ONE PLACE.

FIND IT ON THE TERMINAL AS WELL. MUCH MORE TO COME WITH ME,

DAVID, CHRISTINA, ON BLOOMBERG TAPE IT -- TELEVISION AND RADIO

AND ON THE BLOOMBERG BUSINESS APP. STAY WITH US.

CHRISTINA: WELCOME BACK TO "BLOOMBERG THIS

WEEKEND." WE ARE TURNING TO LISA MATEO,

WHO HAS SOME OF OUR GREAT HEADLINES. DAVID:

THE NAME OF THIS ONE IS BTW. CHRISTINA:

IT IS, BECAUSE OUR SHOW IS "BLOOMBERG THIS WEEKEND ."

DAVID: BUT IT'S ALSO THE STORIES THAT

YOU MIGHT'VE MISSED. BUT LISA DIDN'T MISS THEM.

CHRISTINA: SHE MISSES NOTHING. LISA: YOU GUYS REMEMBER BANKSY?

LET'S GET TO IT. HIS IDENTITY HAS BEEN REVEALED,

EXPECT HIS ART TO SELL FOR A LOT MORE.

HE WORKED HARD, RIGHT, TO REMAIN ANONYMOUS?

RECENTLY REVEALING THAT HE'S A MAN IN HIS 50'S FROM BRISTOL,

ENGLAND. ROBERT CUNNINGHAM, THAT WAS

FROM A POLICE REPORT AND HE LEGALLY CHANGED HIS NAME TO

DAVID JONES, BUT IT'S A VERY COMMON NAME.

THERE YOU GO, THERE YOU GO. "THE WALL STREET JOURNAL,"

THEY BASICALLY SPOKE TO ARTWORLD INSIDERS AND SAID IT'S

BETTER IF HE IS KNOWN, IT WILL BRING MORE MONEY AND VALUE.

THEY SAY COLLECTION PEOPLE LIKE TO KNOW THE ARTIST, LIKE TO

KNOW WHO THEY ARE AND HOW THEY'RE GROWING.

SO THAT THEY KNOW THE PERSON BEHIND IT IS WORTH MORE. DAVID:

I LIKED THE MYSTIQUE OF NOT KNOWING.

CHRISTINA: THE ART WORLD AS BEING ON

PROVIDENCE, AND THAT'S HARD TO DO IF YOU DON'T KNOW WHO THE

PERSON IS? DAVID: I MEAN, GOOD FOR HIM, NOW ALL

DAVID JONES WILL MAKE SOME MONEY. LISA:

ONE OF THE HIGHEST WAS 25 MILLION.

BUT IT HAS COME DOWN A BIT MORE SINCE THEN. DAVID:

WHAT ELSE YOU GOT? LISA: ANYONE HAVE ANY BACHELORETTE

PARTIES COMING UP? SORRY, CHRISTINA. CHRISTINA:

I WILL ATTEND THEM, BEGRUDGINGLY. LISA:

THIS ONE IS FROM "THE WASHINGTON POST,"

$500 TEE TIMES, PRIVATE YACHTS, BACHELORETTE TRIPS ARE OUT OF

CONTROL.

THEY WERE ONCE LIKE CRAZY ALL NIGHTERS, RIGHT?

WHEN I GOT MARRIED IT WAS LIKE ONE NIGHT AT HOME, WHATEVER

HAPPENS THERE. DAVID: MORE AFTER THE BREAK. [LAUGHTER]

LISA: IT WAS A DIFFERENT TIME. BUT NOW THEY ARE LIKE THESE

MULTI-DAY EVENTS AND PEOPLE ARE SAYING -- THIS IS A LOT.

THE AVERAGE BACHELOR TRIP COSTS $1300 PER PERSON.

THIS IS JUST THE PARTY. THE LUXURY TRIPS.

IT'S LIKE 40,000 TO $60,000. DAVID: HOLY SMOKES. LISA:

FOR EVERYTHING. YOU'VE GOT THE ACTIVITIES,

RIGHT? WANT TO PLAY GOLF AT A FANCY

GOLF COURSE? $500 PER PERSON, $1000 PER

PERSON. WELLNESS SPA, 1000 DOLLARS PER

NIGHT. YOU ARE FORKING UP SOME SERIOUS

MONEY AND TAKING VACATION DAYS FROM WORK. CHRISTINA:

THEN THERE'S THAT THING WHERE THEY ARE LIKE THE BACHELORETTE

SHOULDN'T HAVE TO PAY. [LAUGHTER] DAVID:

SHE SHOULDN'T, IT'S HER DAY OVER MANY DAYS.

WE WERE GOING TO TALK ABOUT THE TV SHOW SCANDAL, "THE

BACHELORETTE," BUT MAYBE TOMORROW? TBD.

[LAUGHTER] CHRISTINA: DAVID WITH THE REALITY TV

KNOWLEDGE. DAVID: I DIDN'T MEAN TO DERAIL THE

SEGMENT MORE THAN I HAVE ALREADY. LISA:

BIG NEWS, BTS CONCERT AIRING ON NETFLIX AT 7 A.M.

I WANT TO GET TO THIS BLOOMBERG ARTICLE. DAVID:

CONTEMPORANEOUS WITH OUR SHOW? LISA:

WHEN THEY STARTED, WE STARTED. CHRISTINA:

THEY FINISHED THEIR MILITARY SERVICE, RIGHT, THEY CAN GO

BACK? LISA: THEY DID. THEY DID THIS INTERVIEW IN

PRINT. IT IS THEIR FIRST CONCERT TOGETHER.

THEY KICK OFF THEIR GLOBAL TOUR WITH A NEW ALBUM COMING OUT AND

A NETFLIX DOCUMENTARY COMING OUT AFTER THIS.

IT'S A WHOLE-GRAIN. I WANT TO PLAY SOME SOUND FROM

PART OF THAT DOCUMENTARY. TAKE A LISTEN.

>> WHEN WE TRY TO FIND OUT WHAT MAKES US BTS, I'M SPENDING HALF

OF MY LIFE WITH THEM. MY SECOND FAMILY. LISA:

THERE YOU GO. A LOT THEM DIDN'T SPEAK ENGLISH.

IT WAS A SHORT LITTLE CLIP. BUT THEY SPOKE ABOUT THE

INSPIRATION BEHIND THEIR ALBUM TO BLOOMBERG.

THE SCALE OF THE NEXT TOUR. 80 TWO SHOWS, IT'S A TOUR GOING

ON. DAVID: ONE HAD AN ANKLE INJURY? LISA:

THERE WAS, YES. DAVID: LOOK LIKE HE POWERED THROUGH.

LIKE A TRUE DANCER. CHRISTINA: ARE YOUR KIDS K-POP FANS?

DAVID: MIND? WELL, THEY LOVED THE MOVIE.

LISA: I LOVED THE MOVIE. BUT NOT BTS? DAVID: WE'LL SEE.

LISA: I GOT TO GET TO THE WEEKEND.

THIS IS A BIG ONE. THIS IS A REVIEW OF A TV SHOW

ON APPLE TV, "A NEW SHOW EXPLORES THE ONLY FANS ECONOMY."

THIS IS A REVIEW OF "MARGO HAS MONEY TROUBLES,"

FROM DAVID E KELLY. DAVID: BIG NAME. LISA:

AND ELLE FANNING IS THE STAR. SHE'S A NEW MOM WHO TURNS TO

ONLY FANS TO HELP PAY THE BILLS. WHAT BLOOMBERG GETS INTO HIS

HOW IT PUTS IT IN A NEW LIGHT. A STRUGGLING MOM TRYING TO MAKE

MONEY, THIS IS HOW SHE DOES IT. THEY GO INTO HOW OTHER PEOPLE

ARE DOING THESE GIG ECONOMY THINGS.

THIS IS BECOMING LIKE A REGULAR KIND OF NORMAL, I GUESS, YOU

WOULD SAY? LISA:

THE JUDGMENT AROUND ONLY FANS REALLY ISN'T THERE, ESPECIALLY

AMONG YOUNGER PEOPLE. WANT TO PAY THAT FOR THAT?

IT FOR YOU. DAVID: PEOPLE MAKE SERIOUS MONEY?

LISA: ALTHOUGH APPARENTLY THERE'S

SOME MARKET SATURATION AT THIS POINT. CHRISTINA:

I HAVEN'T HAD TO LOOK INTO IT TOO MUCH. DAVID:

WILL SAVE IT FOR ACE -- A FUTURE SEGMENT. LISA, BTW.

DO YOU LIKE IT? LISA: I LIKE IT. DAVID:

YOU START OF GREAT FRONT PAGES FRANCHISE, NOW IT'S EVOLVED.

FOR MORE FROM "BLOOMBERG THIS WEEKEND" TEAM, SUBSCRIBE TO THE

BLOOMBERG NEWSLETTER, BLOOMBERG.COM/NEWSLETTER.

CHRISTINA: COMING UP ON 8 A.M. IN NEW YORK AND THE NEXT HOUR

OF "BLOOMBERG THIS WEEKEND," ABOUT TO START.

A LOT MORE NEWS FOR YOU IN JUST A SECOND.

♪

>> WELCOME TO BLOOMBERG "THIS WEEKEND." LIVE FROM NEW YORK.

THE LATEST HEADLINES, KEY ANALYSIS, BIG INTERVIEWS, AND

THE STORIES THAT HIT HOME ON YOUR DAYS OFF.

CHRISTINA: WELCOME BACK TO BLOOMBERG "THIS

WEEKEND." FROM BLOOMBERG'S HEADQUARTERS,

I'M CHRISTINA RUFFINI. DAVID: I'M DAVID GURA.

WE ARE HERE UNTIL 10:00. IF BREAKING NEWS, AND ANALYSIS.

THIS MORNING OUR FOCUS IS ALMOST SQUARELY ON THE MIDDLE

EAST. WE ARE FOLLOWING DEVELOPMENTS WITH THIS ONGOING

PARTIAL SHUTDOWN, THIS OF COURSE HAS BEEN FRONT OF MIND

FOR A LOT OF TRAVELERS TAKING THEIR WAY THROUGH AIRPORTS.

THOSE LINES GETTING LONGER. EARLY KIND OF COMING TO A HEAD

ON CAPITOL HILL. CHRISTINA: IT IS PRESSURE ON LAWMAKERS.

THEY HAVE BEEN ASKED BY THE PENTAGON TO APPROVE THIS BIG

DEFENSE INITIATIVE TO FUND THIS CONFLICT IN IRAN, WHICH IS

COSTING UP TO $1 BILLION A DAY. IT IS NOT A UNITED FRONT ON THE

HILL. DAVID: WE WILL GET YOU UP TO SPEED ON

WHAT HAS BEEN HAPPENING IN THE MIDDLE EAST OVER THE COURSE OF

THE LAST 12 HOURS, BUT FIRST LET'S GET TO THE HEADLINES WITH

LISA MATEO.

LISA: THE WAR ENTERS ITS FOURTH WEEK

AND NOW WE HAVE A MIXED MESSAGE FROM THE WHITE HOUSE.

AS AN DONALD TRUMP POSTED ON SOCIAL MEDIA YESTERDAY, AND

SAID HE WAS CONSIDERING WINDING DOWN THE U.S.

MILITARY EFFORTS AGAINST IRAN. HE IS SAYING THE U.S.

IS CLOSE TO ACHIEVING ITS OBJECT IS, HIS COMMENTS CAME

AFTER HE KEPT THE DOOR OPEN TO PULLING GROUND TROOPS AND

ROLLED OUT AS CEASE FIRE. PRES. TRUMP:

I WANT TO DO A CEASE-FIRE. YOU DON'T DO A CEASE FIRE WHEN

YOU ARE LITERALLY OBLITERATING THE OTHER SIDE.

THEY DON'T HAVE A NAVY, THEY DON'T HAVE AN AIR FORCE, THEY

DON'T HAVE ANY EQUIPMENT, THEY DON'T HAVE ANY SPOTTERS, THEY

DON'T HAVE ANTIAIRCRAFT, THEY DON'T HAVE RADAR, AND THEIR

LEADERS HAVE ALL BEEN KILLED AT EVERY LEVEL.

WE ARE NOT LOOKING TO DO THAT. LISA: HIS COMMENTS COME AS THE

PENTAGON HAS ASKED FOR AN ADDITIONAL $200 BILLION FROM

CONGRESS. ACTION IN THE MIDDLE EAST

CONTINUES. THE ISRAELI ARMY SAID IT WAS

STRIKING TARGETS IN TEHRAN AND HAS DETECTED MISSILES THAT HAVE

BEEN LAUNCHED FROM IRAN. THE CONFLICT HAS ROILED

FINANCIAL MARKETS AND SEND ENERGY PRICES SOARING.

GLOBAL BENCHMARK CRUDE CLOSED YESTERDAY ABOVE $112 A BARREL.

THAT IS THE HIGHEST SINCE MID-2020 TWO.

IT HAS PROMPTED THE U.S. TREASURY OF TAKING THE STEPS OF

UNSANCTIONED THANKS SOME OF THAT IRANIAN OIL THAT HAS BEEN

LOADED ONTO TANKERS.

FOR NOW THE BULK OF IRAN'S OIL IS BOUGHT BY CHINESE CUSTOMERS.

MORE THAN 200 30 PEOPLE WERE RESCUED.

HEAVY RAINS PUMMELED THE HAWAIIAN ISLAND OF ALL WAHOO,

AND TRIGGERED THE WORST FLOODING SEEN IN 20 YEARS.

EVACUATION ORDERS HAVE BEEN ORDERED FOR THOUSANDS OF

RESIDENTS NORTH OF HONOLULU AS OFFICIALS WARNED OF THE

POSSIBLE FAILURE OF A HUNDRED 20-YEAR-OLD DAM.

GOVERNOR JOSH GREEN SAID NEIGHBORS HAVE BEEN HELPING

NEIGHBORS.

>> CITIZENS EVERYWHERE HAVE BEEN TAKING CARE OF EACH OTHER.

THAT IS WHAT YOU DO IN HAWAII. THAT IS WHY PEOPLE HAVE NOT

DIED. I HAVE TO PROBABLY REPORT THAT

TO OUR KNOWLEDGE THERE HAVE BEEN NO FATALITIES AND NO

UNACCOUNTED FOR INDIVIDUALS SO FAR. LISA:

MORE HEAVY RAIN EXPECTED TODAY. THAT WILL ALSO EXTEND INTO THE

WEEKEND.

THE WHITE HOUSE DID SAY THERE IS $1 BILLION IN DAMAGE. DAVID:

IT IS TOUGH TO SEE THOSE PLACES I RECOGNIZE BEING AFFECTED.

CHRISTINA: SO FAR IT SEEMS LIKE EVERYBODY

IS OK. JUST HOURS AGO ISRAELI DEFENSE

MINISTER ISRAELI CAPS STATED THAT THE OPERATION IN IRAN

WOULD ESCALATE SIGNIFICANTLY THIS WEEK.

THIS COMES AS PRESIDENT TRUMP JUST SAID THIS TO REPORTERS

YESTERDAY. PRES. TRUMP: I THINK WE WON.

WE KNOCKED OUT THERE A -- THERE NAVY, THERE AIR FORCE, WE HAVE

KNOCKED OUT EVERYTHING. FROM A MILITARY STANDPOINT ALL

THEY ARE DOING IS CLOGGING UP THE STRAIT.

BUT FROM A MILITARY STANDPOINT THEY ARE FINISHED. DAVID:

WE ARE GOING TO TALK ABOUT THE LATEST WITH OUR GUESTS.

WE HAVE MIKE MCGLONE JOINING US FROM MIAMI.

ABEER ABU OMAR COVERS THE WHITE HOUSE FOR US HERE IN NEW YORK.

LET ME START WITH YOU. WE HEARD FROM THE PRESIDENT.

LAYING OUT FAIRLY CLEAR TERMS. BUT THE ADMINISTRATION SEES ITS

OBJECTIVES ARE IN IRAN AND NOTING WE ARE GETTING CLOSE TO

MEETING THOSE OBJECTIVES.

THERE IS A DISSONANCE BETWEEN WHAT WE ARE HEARING FROM THE

PRESIDENT WHEN HE SPEAKS TO REPORTERS AS HE PREPARES TO GO

TO FLORIDA AND ELSEWHERE, AND WE ARE SEEING FROM THE DEFENSE

SECRETARY WHEN HE DOES PRESS BRIEFINGS WITH REPORTERS.

>> PRESIDENT TRUMP, IF YOU LOOK AT HIM AS A PERSON, HIS BRAND,

HOW HE HAS NAVIGATED THE PRESIDENT, HE DEFINITELY SWAYS

BACK AND FORTH. WE HAVE SEEN THIS WITH TARIFFS

AND THE THREATS HE DOES WITH COUNTRIES.

HE HAS POSTED HE IS GOING TO SLAP TARIFFS ON A COUNTRY, THEN

WALKS IT BACK. SIMILAR MESSAGING IS GOING ON

WITH WHAT WE ARE SEEING IN IRAN. HE IS SAYING HE IS ROLLING OUT

A CEASE FIRE ONE MOMENT AND THEN PIVOTING TO SAYING THAT

THE WAR IS NOW WINDING DOWN. THE PRESIDENT TENDS TO GO BACK

AND FORTH, AND THE PRESIDENT IS IN PALM BEACH THIS WEEKEND AND

WAKING UP AND WILL MOST LIKELY GO GOLFING, SO WE WILL SEE WHAT

THE DAY BRINGS AND WHERE HE DECIDES TO LAND. DAVID:

HE COUCHES THIS VACILLATION SOMETIMES IN STRATEGIC TERMS.

WHY WHEN I TELL YOU AS A REPORTER?

IT IS SOMETHING HE DEPLOYS OR IT -- OR SAYS IS BEING DONE IN

A STRATEGIC FASHION. SKYLAR: LIKES TO BE.

-- TO KEEP PEOPLE GUESSING. THE WAY HE CONVERSES, WHETHER

IT IS REPORTERS, HIS COUNTERPARTS, NO ONE KNOWS WHAT

IS GOING TO PRESIDENT TRUMP'S MIND.

I THINK HE IS THE ONLY ONE THAT KNOWS.

WHAT WE ARE SEEING, WHAT WE ARE HEARING, THE REPORTS COMING

OUT, THE THING WITH PRESIDENT TRUMP, YOU DO NOT KNOW WHAT IS

GOING TO COME UNTIL THE TRUTH SOCIAL POST COMES OUT OR HE IS

MAKING AN INTERVIEW WITH SOME REPORTERS. CHRISTINA:

SPEAKING OF SLIGHTLY OPAQUE LEADERSHIP AND MIXED MESSAGING,

THIS IS NOT EXCLUSIVELY AN AMERICAN PROBLEM.

WANT TO ASK YOU ABOUT WHICH

TOPIC OF MANEY -- MUTAWA, MANEY --, MANEY, THE NEW AYATOLLAH.

--, MANEY, THE NEW AYATOLLAH.

ABEER: WE HAVE HEARD OUR MESSAGE IS

CONVEYED BY SOME OFFICIALS IN IRAN.

WE HAD REPORTS LAST WEEK THAT SAID THE INITIAL ATTACK THAT

KILLED HIS FATHER HAD KILLED MUCH OF THE FAMILY, BUT ALSO

INJURED HIM SIGNIFICANTLY. WE HEARD REPORTS THAT HE WAS

DISFIGURED.

AS OF NOW THERE IS NO SIGN OF HIM COMING OUT TO THE PUBLIC,

WHICH IS WORRYING, BUT THAT HAS NOT STOPPED IRAN FROM ITS

ITALIAN -- RETALIATION. THAT IS SOMETHING A WANT TO

BRING TO THE TABLE. IRAN'S RETALIATION HAS BEEN

GOING ON IN A RESPONSE TO THE AMERICAN AND ISRAELI ATTACKS.

ONE MAJOR THING IS THAT WE HAVE BEEN SAYING THE PAST WEEK OF

OFFENSE HAS BEEN QUITE A LITTLE WHEN IT COMES TO RETALIATION

ACROSS THE REGION.

IRAN IS ATTACKING ENERGY FACILITIES AND THAT IS MAJOR.

WE WERE TALKING ABOUT ENERGY FACILITIES ACROSS THE UNITED

AIR AND MERITS -- UNITED ARAB EMIRATES.

ALSO A MAJOR LNG PLANT IN QATAR THAT HAS WIPED OUT POTENTIALLY

70% OF GLOBAL ENERGY EXPORTS OVER THE NEXT FEW YEARS. DAVID:

SEEING THOSE ATTACKS ON ENERGY FACILITIES AND THERE IS THE

PROSPECT OF THERE BEING MINES IN THE STRAIT OF HORMUZ.

ONE OF MY COLLEAGUES SAID IT IS ALMOST A REVERSE SCHRODINGER'S

MINEFIELD.

YOU WOULD NOT TO TAKE A SHIP THROUGH THERE.

IT DOESN'T MATTER IF THE MINES ARE THERE, JUST THE FEAR OF

THEM BEING THERE IS ENOUGH TO KEEP YOU FROM DOING IT.

MIKE MCGLONE, I WANT TO FOCUS ON THAT STREET IN PARTICULAR.

LET'S TAKE A LISTEN TO WHAT HE HAD TO SAY ON THAT FRONT ON

FRIDAY. PRES. TRUMP: WE DON'T NEED THE STRAIT.

EUROPE NEEDS IT. THEY WILL HAVE TO GET INVOLVED.

DAVID: WE DON'T USE IT, HE SAYS, BUT

COURSE OIL ON A GLOBAL BASIS, WE SAW BRENT TOPPING ONE.

-- ONE HAD A $12. THIS ADMINISTRATION HAS TRIED

TO GET THAT OIL PRICE LOWER, BELIEVING SOME OF THESE

SANCTIONS -- RELIEVING SOME SANCTIONS, SUGGESTING THERE

SHOULD BE NAVAL ESCORTS IN THE STRAIT.

I'M CURIOUS WHAT YOU MAKE OF THE PRICE ACTION WE SAW OVER

THE LAST WEEK? MIKE:

THE SIGNIFICANCE IS THAT THE CRUDE OIL CONTRACT IN THE U.S.

IS DOWN ON THE WEEK SLIGHTLY.

THAT IS SIGNIFICANT, BECAUSE THERE IS RISK AND WHAT IS

NOTABLE THIS MORNING, THE LACK OF HEADLINES OF OFFENSIVE

ATTACKS FROM IRAN. HE WAS A MAJOR MISTAKE TO HAVE

THE STRAIT CLOSED.

THAT IS WHAT THE MARKET IS LOOKING AT.

YOU SAW THAT A LOT LAST WEEK. GOLD COLLAPSED.

GOLD IS DOWN -- DOWN 10%. IT IS LOOKING FOR A MORE SECURE

WORLD. WE WAKE UP MONDAY MORNING OR

SUNDAY NIGHT -- AGAIN, WE HAVE ANOTHER DAY, CRUDE OIL HAS

PROBABLY PICKED UP $120. BY THE TIME WE GET TO THE

MIDTERMS THE DECEMBER CRUDE OIL CONTRACT, THAT IS AT $78 A

BARREL. I FULLY EXPECT IT TO BE DOWN BY

$50 FOR THE TIME WE GET TO MIDTERMS. DAVID:

WANT TO ASK YOU ABOUT GOLD. THIS IS THE WORST WEEK SINCE

1983, IF I'M NOT MISTAKEN.

THAT IS A RATHER EXTREME MOVE. THE CONVERSATION SURROUNDING

GOLD HAS BEEN, HOW HIGH CAN IT GO?

IT HAS BEEN ON A SKYHIGH PATH. MIKE:

HOW HIGH CAN IT GO IS A CLASSIC SIGN OF A PEAK.

THE THING WITH GOLD IS, IT WARNED US.

LAST YEAR GOLD WENT UP 65%. IT GRABBED FROM EVERYTHING.

IT IS A STORE OF VALUE, BUT TYPICALLY TRADES AT A LOWER

VOLATILITY. IT SHIFTED OVER TO A HIGHLY

VOLATILE'S VICTIM TO -- VOLATILE SPECULATIVE ASSET.

IT IS A PROBLEM BECAUSE OF THE STOCK MARKET GOES DOWN THINGS

WITH HIGH VOLATILITY GO DOWN HARDER.

IT'S STORED VALUE IS OVER. NOW IT IS LOOKING FORWARD TO

THAT SECURE WORLD, PLUS INTEREST RATES GOING UP.

THE LESSON I LEARNED IS IT WENT UP TOO MUCH.

AND SILVER HITTING PEAKS THIS YEAR THAT WILL LAST FOR YEARS

BECAUSE OF THE VELOCITY OF THE RALLIES.

OFTEN TIMES YOU SHIFT THE PRICE AND SUPPLY COMES BACK, DEMAND

DECLINES, AND THE KEY THING ABOUT THE IS IT HAD A CLASSIC

BULL MARKET PEAK. CHRISTINA: DAVID WAS VERY EXCITED TO ASK

YOU THAT GOLD QUESTION. DAVID:

I LOVE THAT THE VERNACULAR WAS, IT WENT UP TOO MUCH. MIKE:

THE SMART WORLD IS TO USE CORRELATION, BUT I LIKE THE

OTHER ONE. IT WENT UP TOO MUCH. CHRISTINA:

AS LONG AS YOU TWO ARE HAPPY, I'M HAPPY.

LET'S GO BACK TO THE MIDDLE EAST. I WANT TO ASK YOU ABOUT

IRAN'S NUCLEAR FACILITIES. IRAN HAS SAID THERE WERE SOME

STRIKES NEAR THAT FACILITY BUT THEY ARE NOT REPORTING ANY

RADIATION LEAKAGE. I WONDER WHAT THE SENTIMENT IS

IN THE REGION? I FEEL LIKE THIS HAS NOT GOTTEN

THE AMOUNT OF FOCUS I EXPECTED. YOU HAVE A REGIME THAT IS ON

THE ROPES, A SECURITY SITUATION, AND POTENTIALLY A

LOT OF, IF THE REGIME FALLS, COULD BE UNSECURED NUCLEAR

MATERIAL. IF ANY OF THE ALLIES BEEN

TALKING ABOUT A PLAN TO HANDLE THAT OR IS IT MOSTLY GOING TO

FALL TO THE U.S. OR WHOEVER TAKES OVER FROM THIS

REGIME, IF AND WHEN IT DOES FALL -- WHICH IS NOT AT ALL A

CERTAINTY? ABEER: THIS QUESTION BRINGS A LOT OF

THE OFFICIALS IN THE REGION BACK TO THE NOTION OF THE

OBJECTIVES. IT IS STILL PRETTY MUCH UNCLEAR

FROM WHAT I'M SEEING IN THE OFFICIALS I'M SPEAKING TO ON

THE GROUND ACROSS GULF ARAB NATIONS, BUT -- ABOUT WHAT THE

TRUMP OBJECTIVES ARE. IN THE BEGINNING IT WAS A

REGIME TOPPLING, AND THEN IT WAS THE NOTION OF POSSIBLY

TOPPLING THE REGIME IN IRAN, THEN IT WAS WIPING OUT NUCLEAR

ABILITIES. BUT IT IS STILL UNCLEAR WHAT

THE TRUMP ADMINISTRATION'S REAL OBJECTIVES OUT OF THIS ARE.

SO, A LOT OF THE OFFICIALS ON THE GROUND ARE NOT VERY

OPTIMISTIC AS OF NOW ABOUT THE POSSIBILITY OF TOPPLING DOWN

THE REGIME.

IF YOU REMEMBER AND FOLLOW THE IRANIAN REGIME'S GUIDELINES

ABOUT MANUFACTURING THIS WEAPON OF MASS DISTRACTION, THEY HAVE

A FATWA AGAINST IT, WHICH IS A RELIGIOUS GUIDELINE AGAINST

BRINGING ABOUT WEAPONS OF MASS DESTRUCTION.

THEY HAVE ALWAYS MAINTAINED THE FACT THAT THEY DON'T WANT TO

CREATE A NUCLEAR WEAPON. CHRISTINA:

THE PRESIDENT SAID THAT AGAIN THIS WEEK, THEY ARE NOT

PURSUING A NUCLEAR WEAPON. THESE TWO LEADERS ARE TALKING

PAST EACH OTHER. ABEER: DEFINITELY.

BUT THAT IS SOMETHING THAT WAS BEING NEGOTIATED THREE WEEKS

AGO AT THE TABLE IN EUROPE, WITH OMAN, AND THEN THE STRIKES

HAPPEN AND IRAN STILL MAINTAINS THAT LINE.

THEY DON'T WANT TO MANUFACTURE NUCLEAR WEAPONS, BUT THEY

RESERVE THAT RIGHT. THAT IS WHAT WE ARE HEARING

FROM OFFICIALS ON THE GROUND, BUT THE POSSIBILITY OF TOPPLING

THE IRANIAN REGIME IS FAR-FETCHED TO A LOT OF PEOPLE

NOW. DAVID: WANT TO ASK YOU ABOUT THE

PROSPECT OF THERE BEING BOOTS ON THE GROUND.

THE PRESIDENT SAID I MAY HAVE A PLAN OR MAY NOT, BUT WHAT I

EVER SAY THAT TO A REPORTER? THERE IS THIS REPORTING FROM

CBS NEWS THAT PENTAGON OFFICIALS WERE MAKING

PREPARATIONS FOR A POSSIBLE DEPLOYMENT OF MORE TROOPS TO

THE REGION. TAKE US BEHIND THE SCENES IN

THE WHITE HOUSE. WHAT IS THAT CONVERSATION LIKE?

IS THERE ANY APPETITE AT ALL?

SKYLAR: IF WE TAKE A STEP BACK THERE

ARE SOME AIRCRAFT CARRIERS IN THE REGION THAT ARE NEARING

RECORD-LONG DEPLOYMENTS RIGHT NOW.

WHETHER THAT IS RE-SHUFFLING TROOPS, SENDING ADDITIONAL

TROOPS ON TOP OF THE TROOPS THAT ARE THERE, THE

ADMINISTRATION IS HAVING TO HAVE IN-DEPTH CONVERSATIONS ON

IF THIS WAR IS GOING TO CONTINUE.

THE PRESIDENT DOES SAY THAT IT IS GOING TO WIND DOWN.

THAT COULD STRETCH FOR WEEKS, MONTHS, DAYS.

YOU DON'T KNOW WHAT THAT MEANS IN TERMS OF WINDING DOWN.

THEY ARE GOING TO HAVE TO SERIOUSLY THINK ABOUT WHAT SORT

OF HEADCOUNT IT LOOKS LIKE IF THEY ARE GOING TO CONTINUE TO

MOVE FORWARD WITH THIS WAR. BUT EVEN IF YOU ARE GOING TO

WIND IT DOWN YOU ARE STILL GOING TO NEED SOME SORT OF

FOOTPRINT THERE TO OVERSEE THOSE OPERATIONS IF WE GO BACK

TO REMOVING TROOPS OUT OF AFGHANISTAN AND YOU CAN'T JUST

PULL EVERYONE OUT. THERE ARE THINGS THAT NEED TO

BE HAPPENING ON THE GROUND. CHRISTINA:

AS WE HAVE TALKED ABOUT, IT IS SAFER FROM THE AIR BUT YOU ARE

LESS ABLE TO CONTROL THE OUTCOME.

THEN YOU ARE INVESTED AND THIS IS A PRESIDENT WHO SAID YOU

DON'T WANT TO DO FOREVER WARS. DAVID:

THANK YOU VERY MUCH. THANKS ALSO TO MIKE MCGLONE,

JOINING US FROM MIAMI. WITH AN UPDATE ON THE COMMODITY

SPACE. REALLY EXTRAORDINARY. CHRISTINA TALKING ABOUT

POTENTIAL TROOP DEPLOYMENTS. WE DID HAVE A DEPLOYMENT OF

THIS MARINE EXPEDITIONARY UNIT. THE QUESTION IS, WHAT ARE THOSE

MARINES GOING TO DO? WHAT ROLE COULD THEY PLAY ON

THE GROUND, BUT ALSO THE STRAIT OF HORMUZ? CHRISTINA:

HOW EFFECTIVE CAN THEY BE? KHARG ISLAND IS NOT EASY TO GET

TO. THOSE ARE SLOW VESSELS.

PUTTING THEM IN HARM'S WAY EVEN TO GET THERE.

IF YOU TAKE THE ISLAND, DO YOU HOLD IT IN DETERMINEDLY?

IT IS THE OBJECTIVE? YOU HAVE TO HAVE THAT

ESTABLISHED BEFORE YOU PUT FORCES IN HARM'S WAY. DAVID:

WE HAVE TALKED ABOUT HOW CRUCIAL THAT ISLAND IS TO THE

OIL ECONOMY IN IRAN. WHAT DIFFERENCE WERE THAT --

WITH THAT MAKE IF IT WERE TO HAPPEN? CHRISTINA:

LONG LINES AS A PARTIAL GOVERNMENT SHUTDOWN DRAGS ON.

TSA WORKERS GOING WITHOUT PAY. IS CONGRESS MOVING ANY CLOSER

TO SOLVING THIS ISSUE? THAT IS STRAIGHT AHEAD ON

BLOOMBERG "THIS WEEKEND."

♪

LISA: I'M LISA MATEO. LET'S GET YOU UP-TO-DATE.

PRESIDENT TRUMP SAYS AT A CERTAIN POINT THE STRAIT OF

HORMUZ WILL EVENTUALLY OPEN ITSELF OUT. PRES. TRUMP:

IT IS A SIMPLE MILITARY MANEUVER.

IT IS RELATIVELY SAFE, BUT YOU NEED A LOT OF HELP IN THE SENSE

OF, YOU NEED SHIPS, YOU NEED VOLUME.

AND NATO COULD HELP US, BUT THEY HAVE NOT HAD THE COURAGE

TO DO SO. AND OTHERS COULD HELP US.

BUT WE DON'T USE IT. AT A CERTAIN POINT IT WILL OPEN

ITSELF. AT A CERTAIN POINT. BUT WE HAVE DEFEATED THE ENEMY.

LISA: THE PRESIDENT SPEAKING OUTSIDE

THE WHITE HOUSE YESTERDAY. IRANIAN OFFICIALS HAVE BECOME

RELUCTANT TO DISCUSS THE CRITICAL WATERWAY.

AND WHILE, BLOOMBERG REPORTING TO IRAN, TRYING TO IMPOSE A

TRAFFIC CONTROL SYSTEM TO THE STREET, LIMITING SAFE PASSAGE

FOR FRIENDLY VESSELS.

SOURCES SAYING THE IRANIAN NAVY GUIDED A GAS TANKER THROUGH THE

STRAIT OF HORMUZ LAST WEEK, ALLOWING THE SHIP TO PASS ON A

PREAPPROVED ROUTE.

A JURY SAYS ELON MUSK MISLED INVESTORS BEFORE HIS $44

BILLION ACQUISITION OF TWITTER IN 2022. JURORS FOUND THAT MUSK

DEFRAUDED SHAREHOLDERS WHEN HE TWEETED THAT THE SOCIAL MEDIA

NETWORK HAD TOO MANY FAKE ACCOUNTS AND TRIED TO BACK OUT

OF THE DEAL. THE JURY REJECTED TWO OF THE

BROAD CLAIMS. MUSK'S LAWYERS SAID THEY WOULD APPEAL.

POLYMARKET IS -- HAS TAKEN OVER A BARNEY THE WHITE HOUSE.

IT IS PART OF THE PREDICTION MARKETS VERSION OF BETTING ON

EVENTS AS A FORM OF ENTERTAINMENT.

THE COMPANY IS CALLING IT THE SITUATION ROOM.

IT IS GOING TO REPORTEDLY CLOSE AFTER TOMORROW.

ROWS OF TV'S SHOWCASE FINANCIAL TICKERS AND EVEN HAVE A

HUMAN-SIZED GLOBE COVERED IN SCREENS DISPLAYING THE ODDS

FROM POLYMARKET'S EXCHANGE. USES BEEN ON ELECTIONS, SPORTS,

AND MILITARY CONFLICTS.

CHRISTINA, IT IS LOCATED AT 21 K STREET. CHRISTINA:

IT IS RIGHT DOWNTOWN. IT IS WHERE THE LOBBYISTS ARE.

ALL THE BIG NEWS FIRMS. IT IS EASY TO GET TO. DAVID:

THE USED TO BE A BAR ON H STREET, AND THE MORE PEOPLE WHO

BOUGHT ONE TYPE OF BEER THE PRICE WOULD GO DOWN. CHRISTINA:

THERE WAS ALSO A BURGER MARKET NEAR ME WITH A PRICE FLUCTUATED

BASED ON HOMINY PEOPLE ORDER. DAVID: D.C., AT THE VANGUARD.

CHRISTINA: I LOVE D.C. WE ARE DOING OUR BEST. WE ARE

TRYING TO BE COOL. WE NEVER SUCCEED, BUT WE ARE

TRYING.

LISA: SPEAKING OF ELON MUSK, ELON

MUSK HAD JUST TWEETED, OFFERING TO PAY THE SALARIES OF TSA

WORKERS. THAT IS IF YOU HAVE BEEN

THROUGH -- HERE WE GO. I WOULD LIKE TO OFFER THE -- TO

PAY THE SALARIES OF TSA PERSONNEL.

OF COURSE, IF YOU'RE ONE OF THOSE AMERICANS WHO HAVE BEEN

TO ONE OF THOSE AIRPORTS, LONG LINES, LONG WAITS,

UNPREDICTABLE DEPARTURES, TWO TO THREE HOURS.

WE HAVE SEEN THEM SNAKING AROUND TERMINALS.

I JUST TALKED TO A FRIEND WHO WAS A REPORTER THAT WAS

POSSIBLY GOING TO BE ON OUR SHOW. SHE APOLOGIZED BECAUSE HER

FLIGHT HAD BEEN DELAYED BECAUSE PEOPLE COULD NOT GET THEIR

SECURITY. DAVID: THE LINES DO LOOK LENGTHY.

THIS IS BEING DEBATED ON CAPITOL HILL THIS WEEKEND.

LAWMAKERS BURNING THE MIDNIGHT OIL OR WORKING THROUGH THE

WEEKEND. WE WILL SEE IF ANYTHING COMES

OF THAT. BENEDIKT KAMMEL IS BASED IN

BERLIN. WE TALKED TO HIM LAST WEEK.

WENDY BENJAMINSON WITH US AS WELL.

SHE IS A SENIOR EDITOR IN OUR BUREAU.

THAT COMMENT FROM ELON MUSK, YOU DON'T HAVE TO ADDRESS IT

DIRECTLY, BUT WE HAVE SEEN 10% OF THE TSA WORKFORCE NOT

SHOWING UP OVER THE COURSE OF LAST WEEK.

HOW CUTE IS THIS PAIN AT AIRPORTS?

-- ACUTE IS THIS PAIN AT AIRPORTS? WENDY:

IT IS PRETTY PAINFUL FOR EVERYONE.

THIS IS THE SECOND WEEK THAT PAYCHEX HAVE ESSENTIALLY

BOUNCED. YOU HAVE SEEN PEOPLE NOT SHOW

UP FOR WORK.

FOR THE PEOPLE TRAVELING, WE ARE SEEING POCKETS OF

DISRUPTION. THERE IS NOT A BLANKET

DISRUPTION ACROSS THE COUNTRY.

YOU HAVE NEW YORK, SOME DISRUPTION.

IT SEEMS MANAGEABLE AT THIS POINT. ANNOYING FOR SURE.

ELON MUSK WILLING, MAYBE. WE SHALL SEE.

IT IS AT A POINT WHERE IT IS BAD AND ANNOYING BUT NOT QUITE

BAD ENOUGH THAT THE PAIN POINT IS NOT QUITE THERE YET.

THAT MIGHT EXPLAIN WHY WE ARE AT THIS IMPASSE.

WE ARE NOT SEEING THE MOVEMENT WE SAW A COUPLE OF MONTHS AGO

DURING THE SHUTDOWN, WHERE YOU HAD AIRCRAFT TAKEN OUTCOME OF

FLIGHTS TAKEN OUT. THAT IS NOT WHERE WE ARE NOW.

CHRISTINA: SPEAKING OF D.C., WHAT ARE WE

SEEING? IS THERE NOT ENOUGH PRESSURE ON

LAWMAKERS TO GET THIS DONE?

I HEARD ONE REPUBLICAN, I THINK IT WAS KENNEDY SAYING YOU

SHOULD TAKE OUT THE ICE PORTION OF THIS BILL AND DEBATED

SEPARATELY. ANY SIGNS OF LIFE THERE ON

CAPITOL HILL? ANY LIKELIHOOD THIS IS GOING TO

GET RESOLVED? WENDY:

THERE ARE BEGINNING TO BE GLIMMERS.

TO SENATOR KENNEDY'S POINT, ICE IS ALREADY BEING FUNDED THROUGH

OTHER MEANS. SO, FUNDING DHS AND STRIPPING

THAT OUT WOULD NOT REALLY DO ANYTHING, BECAUSE THEY WERE

ALWAYS BEING FUNDED THROUGH THIS.

THE PLAY THAT THE DEMOCRATS MADE, AND I THINK IT WAS A

SMART ONE AT THE TIME, WAS TO SAY TO THEM, WE ARE NOT GOING

TO FUND THE ENTIRE AGENCY UNTIL YOU GIVE US THESE RESTRICTIONS

ON ICE ENFORCEMENT TACTICS.

THE WHITE HOUSE HAS COME BACK OVERNIGHT WITH A PLAN THAT

GIVES SOME OF THE THINGS THE DEMOCRATS WANTED, BUT NOT

EVERYTHING. THE DEMOCRATS CAME OUT OF THE

MEETING, DID NOT TALK TO REPORTERS, AND THEY DID NOT

INDICATE WHETHER THEY WERE GOING TO TAKE THE DEAL.

AS THE PAIN THAT MY COLLEAGUE DESCRIBED THERE, DEMOCRATS

MIGHT CONSIDER TAKING PARTIAL MEASURES, GETTING SOME OF THE

WINS. THAT WOULD BE BODY CAMERAS ON

ICE AGENTS AND OTHER -- LIKE, NOT ARRESTING PEOPLE IN CHURCH.

THINGS LIKE THAT. CHRISTINA: USING JUDICIAL WARRANTS INSTEAD

OF WHAT THEY ARE USING NOW? WENDY: EXACTLY.

ACTUALLY HAVING A WARRANT BEFORE YOU FIRST INTO SOMEONE'S

HOME. SO, THOSE ARE NOW IN NEGOTIATION AND WE ARE WAITING

TO SEE. AT SOME POINT RIGHT AFTER THE

KILLING OF ALEX PRETTI THIS WAS DEMOCRATS' MORAL STAND.

BUT AS THE PAIN ON TRAVEL AND AS WE GET THROUGH SPRING BREAK

AND CLOSER TO SUMMER TRAVEL THE DEMOCRATS' MORAL STAND MAY LOOK

OBSTREPEROUS AT SOME POINT. DAVID:

I JUST BOOKED SOME TICKETS FOR A SUMMER VACATION AT THE END OF

AUGUST. HOLD THAT ON YOUR CALENDAR SO YOU WILL BE HERE.

CHRISTINA: HE IS BEATING ME TO THE

VACATION REQUESTS. DAVID: I HAD SOME RELIEF I WAS ABLE TO

DO THAT BEFORE WE SAW THIS UPSWING IN PRICES.

WHAT THEY ARE SAYING ABOUT THE PROSPECT FOR TICKETS GOING UP

IN PRICE IN THE NEAR TERM, HOW ARE THEY WRESTLING WITH THE

DISLOCATION WE HAVE SEEN IN ENERGY PRICES OVER THE LAST FEW

WEEKS?

>> TICKET PRICES WILL GO UP. THEY HAVE TO PASS ON THE COST

OF THE CONSUMER. THAT WILL HAPPEN.

YOU DID THE RIGHT THING BY BOOKING OR -- BOOKING EARLY.

THAT IS WHAT WE HAVE SEEN ACROSS THE BOARD.

HE SPOKE TO A BUNCH OF EXECUTIVES THIS WEEK AND THEY

ARE ON A BIT OF A SUGAR HIGH. EVERYONE IS BOOKING RIGHT NOW.

EVERYONE IS PILING IN. UNITED TOLD US THEY HAD SOME OF

THE BEST BOOKING DAYS IN HISTORY IN MARCH SO FAR.

EVERYONE IS PILING IN BECAUSE EVERYONE HAS THAT SENSE OF FOMO.

IS HE GOING TO GET REALLY EXPENSIVE?

I HAD BETTER BOOKED MY TICKET NOW. SPRING BREAK, YOU MENTIONED

THAT, BUT THE SUMMER VACATION. AT WHAT POINT WILL THE HIGHER

TICKET PRICES KICK IN? AS A RESULT AT WHAT PETE -- AT

WHAT POINT WILL PEOPLE STOP BOOKING?

YOU WILL SEE PEOPLE GOING ON SHORTER TRIPS.

YOU WILL SEE PEOPLE TAKING THE CAR.

RIGHT NOW THINGS ARE LOOKING GREAT.

UNEXPECTEDLY GREAT FOR THE INDUSTRY.

DAVID: IF WE GET TO AUGUST AND PRICES

ARE ELEVATED IS MY TICKET, IS SOMEONE'S TICKET SAFE OR SECURE

-- SAFE AND SECURE, OR IS IT LIKELY TO WRESTLE WITH BACKUPS?

BENEDIKT: IT DEPENDS ON THE ROUTES.

THE CEO OF UNITED SAID, WE ARE PREPARING FOR HIGHER PRICES BY

TAKING OUT SOME ROUTES. WE ARE TAKING CAPACITY OUT OF

THE MARKET.

THEY ARE MAKING SURE THAT NONPROFITABLE, NON-KEY ROUTES

MAY NOT BE ADDRESSED ANYMORE. IT DEPENDS ON WHERE YOU ARE

GOING. IF YOU ARE GOING SOMEWHERE

ESOTERIC YOU MIGHT BE IN TROUBLE. CHRISTINA:

ARE YOU FEELING BETTER ABOUT YOUR VACATION NOW? DAVID:

A SELFISH SEGMENT THERE. THAT IS WHY OUR BROUGHT HIM

HERE. CHRISTINA:

THERE ARE COUPLE OF VOTES COMING UP.

THE SENATE IS SUPPOSED TO VOTE SUNDAY ON A MOTION TO ADVANCE

THE NOMINATION OF MARKWAYNE MULLIN, WHO WOULD REPLACE

KRISTI NOEM AS SECRETARY OF DEPARTMENT OF HOMELAND SECURITY.

THAT DIDN'T MAKE IT OUT OF COMMITTEE BY ONE VOTE.

DO WE THINK THAT WILL GO THROUGH AT THIS POINT?

IT SEEMS LIKE THAT IS GOING TO HAPPEN.

THE OTHER THING THEY HAVE GOING IS A POSSIBLE $200 BILLION IRAN

WAR REQUEST ANY SAVE AMERICA VOTER ELIGIBILITY ACT.

RUN US THROUGH THAT. WENDY:

MARKWAYNE MULLIN IS GOING TO BE CONFIRMED.

NO DEMOCRAT WILL VOTE FOR HIM JUST ON PARTISAN PRINCIPAL, AND

BECAUSE I'M SURE THEY DON'T WANT HIM TO CONTINUE THESE

POLICIES THAT KRISTI NOEM AND DONALD TRUMP WANTED.

BUT SENATORS LOVE SENATORS. THEY BELIEVE A PRESIDENT GETS

HIS OWN CABINET AND THERE IS A MAJORITY OF REPUBLICANS.

THAT ONE IS DONE. THE NEXT ONE WAS THE $200

BILLION FOR THE WAR. DAVID: WE TALK ABOUT THAT SO

CAVALIERLY, BUT THIS IS AN INCREDIBLE SUM OF MONEY. WENDY:

IT IS TWO THIRDS OF -- I BELIEVE SOMETHING LIKE TWO

THIRDS OF THE DEPENDENT -- DEFENSE DEPARTMENT'S BUDGET.

IT IS A TREMENDOUS AMOUNT OF MONEY, AND CONGRESS IS STARING

DOWN THOSE MIDTERMS WHERE THEIR JOBS ARE ON THE LINE AND

FUNDING THIS WAR AT THE LEVEL OF 200 BILLION DOLLARS IS

ENOUGH TO EVEN MAKE REPUBLICANS' EYES WATER.

I THINK THERE MAY BE SOME PUSHBACK.

WE HAVE YET TO SEE A REAL REPUBLICAN PUSHBACK TO ANY OF

DONALD TRUMP'S POLICIES, AND ON THE OTHER HAND I HAVE MULTIPLE

HANDS HERE. [LAUGHTER]

ON THE OTHER HAND, YOU KNOW, THAT IS A TREMENDOUS AMOUNT OF

MONEY AND THIS WAR IS DEEPLY UNPOPULAR. CHRISTINA:

I'M GOING TO STOP ABORTING YOU WITH QUESTIONS, BUT THERE WAS

SUPPOSED TO BE A DEBATE AND VOTE ON THIS VOTER ELIGIBILITY

ACT, THE SAFEGUARD AMERICA ACT. THIS IS A PET PROJECT OF A LOT

OF REPUBLICANS. IS THAT LIKELY TO GET PAST?

DO THEY HAVE THE VOTES FOR THAT? WENDY:

THAT IS GOING TO BE INTERESTING TO WATCH. I'M NOT REALLY SURE.

IT HAS GOT SOME POISON PILL STUFF THAT WILL MAKE DEMOCRATS

NOT VOTE FOR IT, INCLUDING THE BANS ON TRANSGENDER ATHLETES.

THAT IS A BIT OF A POISON PILL. SOME REPUBLICANS MAY VOTE

AGAINST IT BECAUSE OF THE MAIL-IN VOTING BAND.

THAT BECAME VERY POPULAR DURING COVID, BUT IT IS STILL VERY,

VERY POPULAR AMONG OLDER AND RURAL VOTERS.

AND WHERE DID THEY LIVE? IN REPUBLICAN STATES.

IN REPUBLICAN DISTRICTS. THERE WILL BE PEOPLE WHO ARE

COGNIZANT THERE ARE CONSTITUENTS WHO LIKE MAIL-IN

VOTING. IT IS CONVENIENT. THIS MAY NOT GET THROUGH,

ALTHOUGH TRUMP IS LOBBYING THIS ONE, TO GO HIM, THE LIKES OF

WHICH HAVE NEVER BEEN SEEN. HE IS REALLY HAMMERING THEM ON

THIS. CHRISTINA:

WE SAW THE PRESIDENT FLIP-FLOP ON MAIL-IN VOTING AFTER

REPUBLICANS DID NOT DO AS WELL AS DEMOCRATS.

HE WAS TRYING TO GET OUT THE VOTE AND TELL PEOPLE, IT'S OK,

AFTER SAYING IT WAS NOT SAFE. TO USE THAT MAIL-IN VOTING.

THIS IS TRYING TO CURTAIL THE NUMBER OF PEOPLE WHO CAN MAIL

IN VOTE. I GUESS THAT DOES MAKE SENSE.

DAVID: WE WILL SEE WHAT HAPPENS AS

CONGRESS IS IN SESSION AND WE ARE TRACKING THAT.

WENDY BENJAMINSON, GOOD TO SEE. BENEDIKT KAMMEL IN FROM

GERMANY, FLYING BACK TONIGHT. CHRISTINA:

ALSO PERSONAL DAVID GURA TRAVEL ADVISOR. DAVID:

WE WILL BE IN TOUCH. HE IS THE MANAGING EDITOR FOR

SPACE AND AVIATION AT BLOOMBERG NEWS. SOME BREAKING NEWS HERE.

A RED HEADLINE ON THE BLOOMBERG TERMINAL. U.S.

CENTRAL COMMAND SAYING IT HAS TAKEN OUT IRAN'S FACILITIES

TAKING -- THREATENING THE HORMUZ STRAIT.

-- THE STRAIT OF HORMUZ. BECCA WASSER IS GOING TO JOIN

US NEXT.

BLOOMBERG "THIS WEEKEND" CONTINUES ON BLOOMBERG RADIO

AND TELEVISION. ♪

LISA: THANK YOU FOR JOINING US. I'M LISA MATEO.

PRESIDENT DONALD TRUMP SAID HE EXPECTED OIL PRICES TO GO

HIGHER. PRES. TRUMP: I EXPECTED WORSE, ACTUALLY.

I REALLY THOUGHT THAT OIL PRICES WOULD GO MUCH HIGHER

WHEN I DID THIS. LISA: THE PRESIDENT SPEAKING OUTSIDE

THE WHITE HOUSE YESTERDAY. THE CONFLICT SENT ENERGY PRICES

SOARING. BRENT CRUDE CLOSED YESTERDAY

OVER $112 A BARREL. IT HAS PROMPTED THE U.S.

TO ALLOW THE SALE OF PETROCHEMICAL PRODUCTS LOADED

ONTO TANKERS. THE FIRST OIL FROM THE

EMERGENCY RELEASE IS SET TO START FLOWING SOON.

ROUGHLY 45 MILLION BARRELS ARE BEING RELEASED FROM THE U.S.

STRATEGIC PETROLEUM RESERVE. A FEDERAL JUDGE HAS AGREED TO

BLOCK THE TRUMP ADMINISTRATION FROM ENFORCING A POLICY

LIMITING NEWS REPORTERS' ACCESS TO THE PENTAGON.

CLAIMING THE CREDENTIALING POLICY VIOLATES JOURNALISTS'

CONSTITUTIONAL RIGHTS TO FREE SPEECH AND DUE PROCESS.

OR ACTION ON THE SECOND FULL DAY OF THE MEN'S NCAA

TOURNAMENT. IT WAS A CLOSE MATCH UP, BUT IN

THE END KENTUCKY MOVED FORWARD. THEY BEAT SANTA CLARA.

YOU HAD DEFENDING CHAMPS FLORIDA MOVING ON AFTER BEATING

PRAYER REVIEW.

LOCALLY, ST. JOHN'S BEAT NORTHERN IOWA 79-53.

IF YOU GO LOCAL, HALF STRUCK, THEY ARE KNOCKED OUT OF IT.

BUT A LOT OF LOCAL ACTION. DAVID: I WATCHED A LITTLE.

YOU, CHRISTINA? CHRISTINA: YOU KNOW THE ANSWER TO THAT.

DAVID: WAIT UNTIL WE GET TO THE SWEET

16, MAYBE? CHRISTINA: IF IT IS TENNIS I AM THERE.

LET'S MOVE ON. LISA, THANK.

LOOK, WE HAVE SOME BREAKING NEWS.

THE CENTCOM COMMANDER SAYS THE U.S.

HAS DESTROYED IRANIAN RADARS MONITORING THE STRAIT OF HORMUZ.

THIS IS ON A VIDEO POSTED ONLINE, GOING ON TO SAY THE

FOLLOWING.

>> ZEROED IN ON DISMANTLING IRAN'S DECADE-LONG THREAT TO

THE STRAIT OF HORMUZ. EARLIER THIS WEEK WE DROPPED

MULTIPLE 5000 POUND BOMBS ON AN UNDERGROUND FACILITY LOCATED

ALONG IRAN'S COASTLINE. THE IRANIAN REGIME USED THE

UNDERGROUND FACILITY TO STORE CRUISE MISSILES, MISSILE

LAUNCHERS, AND OTHER EQUIPMENT THAT PRESENTED A RISK TO

INTERNATIONAL SHIPPING. NOT ONLY TOOK OUT THE FACILITY,

BUT ALSO DESTROYED INTELLIGENCE SUPPORT SITES AND MISSILE RADAR

RELAYS THAT WERE USED TO MONITOR SHIP MOVEMENTS.

IRAN'S ABILITY TO THREATEN -- THAT NAVIGATION IS DEGRADED AS

A RESULT, AND WE WILL NOT STOP PURSUING THESE TARGETS. DAVID:

THAT IS ADMIRAL BRAD COOPER ABOUT WHAT HAS BEEN HAPPENING

ON AND AROUND THE STRAIT OF HORMUZ.

BECCA WASSER JOINS US NOW. GRATEFUL TO HAVE YOU THIS

MORNING. I'M CURIOUS WHAT YOUR READ IS

OF WHAT THE ADMIRAL SAID IN THOSE COMMENTS.

WE HAD SEEN THE U.S. TAKE SOME ACTION ON AREAS

NEARBY THAT STRAIGHT. HOW DOES THIS ADVANCE THAT

STORY? WHAT DOES THAT INDICATE TO YOU

ABOUT WHAT SUCCESS THE U.S. HAS HAD HERE? BECCA:

I THINK IT DOESN'T INDICATE THAT MUCH.

I APPRECIATE THE TRANSPARENCY ADMIRAL COOPER IS HAVING ABOUT

WHAT THE U.S. IS DOING, BUT THAT SAID I THINK

WE HAVE ALREADY SEEN THESE ANNOUNCEMENTS ON VARIOUS

ATTACKS TO DEGRADE IRANIAN CAPABILITIES.

THAT DOES NOT NECESSARILY MEAN THESE CAPABILITIES ARE OFF THE

TABLE. THERE IS ALSO A REAL FOCUS

RIGHT NOW ON IRAN'S CONVENTIONAL CAPABILITIES.

IT'S CONVENTIONAL MAY BE, IT'S ANTI-SHIP CRUISE MISSILES, ITS

COMMAND-AND-CONTROL ARCHITECTURE.

WHILE THAT IS ALL WELL AND GOOD, IRAN CAN DO A LOT WITH

VERY LITTLE. IT CAN STRAIGHTEN THE -- THAT

IN THE STRAIT OF HORMUZ. IT DOES NOT NEED TO HAVE LARGE

WARSHIPS. IT CAN USE FAST BOATS. THERE ARE SO MANY DIFFERENT

WAYS IRAN CAN STILL THREATEN THE STRAIT OF HORMUZ THAT ARE

MORE ASYMMETRIC. SOME OF THESE ATTACKS WILL MOST

CERTAINLY DEGRADE IRANIAN CAPABILITIES, BUT IT DOES NOT

TAKE THEM OUT ENTIRELY. THAT IS WHERE WE HAVE SOME

PROBLEMS. A THEORY OF VICTORY BEING PUT FORWARD BY U.S.

CENTRAL COMMAND, THE PENTAGON, AND PRESIDENT DONALD TRUMP.

CHRISTINA: YOU MENTIONED TRANSPARENCY AND

IT IS NICE TO HEAR UPDATES ON THE OPERATIONS, BUT IN PREVIOUS

ADMINISTRATIONS THIS WOULD HAVE BEEN A PRESS CONFERENCE.

I WASN'T THIS A PRESS CONFERENCE, AND CAN WE GET YOUR

TAKE ON THIS RULING THAT THOSE PENTAGON PASSES WERE TAKEN AWAY

THE PARAMETERS BY WHICH YOU COULD RETRACT A PASSWORD NOT

LABELED? BECCA: IT WOULD HAVE BEEN A PRESS

CONFERENCE, AND WE HAVE HAD PENTAGON PRESS CONFERENCE

PRETTY ROUTINELY SINCE THE START OF THE WAR WITH SECRETARY

OF DEFENSE PETE HEGSETH AND CHAIRMAN OF THE JOINT CHIEFS OF

STAFF DAN CAINE. HOWEVER, THAT DOESN'T MEAN THAT

EVERYONE IS IN THE ROOM, RIGHT? WE ARE WATCHING FROM AFAR QUITE

OFTEN BECAUSE THERE IS THIS NEW PENTAGON PRESS CORPS.

THERE IS TRANSPARENCY, BUT IT IS FOCUSED ON THESE TACTICAL

SUCCESSES AS OPPOSED TO FOCUSING ON THE BIGGER PICTURE

AND STRATEGIC SUCCESS. THERE IS ALSO THE QUESTION OF,

WHY HASN'T THERE BEEN ANY OPEN-DOOR CONGRESSIONAL

HEARINGS ABOUT THIS? THAT IS SOMETHING WE WOULD HAVE

SEEN IN PREVIOUS ADMINISTRATIONS. DAVID:

SOMETHING WE HAVE HEARD FROM REPUBLICANS ABOUT.

SOMETHING SENATOR KENNEDY SAID YESTERDAY.

WANT TO ASK YOU ABOUT YOUR MOST RECENT PIECE.

YOU ARE WRITING ABOUT THE MILITARY TECH THIS PRESIDENT

HAS FAVORED. AIRPOWER, SPECIAL OPERATIONS

FORCES. YOU -- USE A TERM I LOVE, WHICH

IS GUCCI HIGH-END LONG-RANGE EQUIPMENT.

WHAT HE IS EXPERIENCING NOW IS THE DEGREE TO WHICH THAT WORKS

IN A LONGER-TERM SCENARIO. WRITE THAT VOLATILE -- THAT

VIOLENCE FROM AFAR CAN ONLY ACCOMPLISH SO MUCH.

THE PRESIDENT IS CLEARLY THINKING ABOUT THE PROSPECT OF

GOING TO KHARG ISLAND AND TAKING THAT CRITICAL PART OF

IRAN'S OIL INFRASTRUCTURE. BECCA:

PART OF TRUMPS WAY OF WARFARE HAS BEEN THIS IDEA OF WAR

WITHOUT ENTANGLEMENT. NO BOOTS ON THE GROUND, NO

COALITIONS OF THE WILLING, NO NEED TO BE THERE, JUST USE UP

-- JUST USE COERCIVE FORCE FROM A DISTANCE.

WHEN YOU TRY AND DO THAT WITHOUT CLEAR OBJECTIVES, OFTEN

TIMES YOU FIND IT DOES NOT WORK. TRUMP HAS FOUND HIMSELF HAVING

THESE STRIKES AND POTENTIAL RE-STRIKES.

LOOKING AT THE IRAN WAR WE CAN THINK OF THIS AS A RE-STRIKE.

TRUMP WENT IN IN JUNE OF LAST YEAR FOR OPERATION MIDNIGHT

HAMMER. IT DID NOT ACHIEVE WHAT HE SET

OUT FOR IT TO ACHIEVE. SO, WE FIND OURSELVES MIRED IN

CONFLICT AGAIN. I THINK WITH THIS CURRENT WAR

GOING ON MUCH LONGER THAN TRUMP INTENDED THERE IS THE POTENTIAL

FOR GROUND FORCE DEPLOYMENT, AS YOU SAID.

WE HAVE SEEN VARIOUS MARINE UNITS GET CALLED UP, AND AT

THIS JUNCTURE IN TIME POTENTIALLY RISKS BECOMING ONE

OF THE FOREVER WAR IS THAT TRUMP CAMPAIGN LAWYER AGAINST.

THAT SHOWS THE LIMIT OF HIS APPROACH TO WARFARE. CHRISTINA:

THAT IS THE IRONY HERE. ESPECIALLY AS HE TALKS ABOUT

WRAPPING UP THIS. I WANT TO READ MORE FROM YOUR

PIECE. YOU SAID DONALD TRUMP BELIEVES

AMERICA CAN FIGHT WARS WITHOUT BECOMING TRAPPED IN THEM, YET

THIS MUSCULAR MILITARY VISION RARELY PRODUCES THE OUTCOMES HE

DESIRES.

THIS WORKS FOR HIM IN VENEZUELA. IT IS NOT GOING TO WORK

EVERYWHERE AND IT MAY NOT WORK LIKE THAT IN IRAN.

IT SEEMS THE PRESIDENT IS NOW TRYING TO GET HIS HANDS ON WHAT

HE WANTS TO DO HERE. CAN HE ACHIEVE HIS OBJECTIVES

WITHOUT PUTTING BOOTS ON THE GROUND? BECCA:

THE QUESTION IS, WHAT ARE HIS OBJECTIVES?

IT HAS IN A BIT VACILLATING. IT HAS BEEN A LOVER THE PLACE.

A LOT OF WHAT WE HAVE HEARD FROM THE PRESIDENT AND FROM THE

FOLKS WHO ARE IN SUPPORT OF HIS AIMS HAVE REALLY FOCUSED ONCE

AGAIN ON THESE TACTICAL AND OPERATIONAL OBJECTIVES.

NOT A BROADER STRATEGIC PICTURE. THAT IS SOMETHING THAT MAKES IT

REALLY DIFFICULT TO DISENTANGLE YOURSELF AND MAKES IT DIFFICULT

TO TRY AND ACHIEVE AIMS AND YOU KEEP SLAPPING MORE AND MORE

TACTICAL OBJECT'S ONTO SOMETHING.

THAT IS THE RISK WHERE WE MIGHT ACTUALLY SEE SOME OF THESE

GROUND FORCES AND ALSO THE RISK THAT I THINK TRUMP HAS SEEN IN

THIS CURRENT TERM, WHERE HE HAS LAUNCHED OVER 9000 STRIKES ALL

AROUND THE GLOBE. NOT ONLY THE MIDDLE EAST.

DAVID: YOU WRITE ABOUT THE SPLENDID

ISOLATION. THIS IS A MOMENT WHERE HE IS

TRYING TO GET ALLIES TO HELP HIM OUT, YET HE FINDS HIMSELF

ALONE AND ISOLATED. ONLY WITH ISRAEL, YES AN ALLY,

BUT NO MORE THAN THAT. BECCA: I THINK TRUMP THOUGHT HE COULD

DO IT ALONE WITH ONE ALLY WHO COULD PROVIDE ADDITIONAL

FIREPOWER AND NOW HE IS FINDING HE NEEDS ALLIES.

LOOK AT HIS CALL FOR REQUEST FOR THE STRAIT OF HORMUZ.

THEY ARE NOT NECESSARILY GOING TO COME TO YOUR AID JUST

BECAUSE YOU ASKED FOR IT AFTER THE FACT. CHRISTINA:

WHAT WAS THAT THING ON SOCIAL? IF YOU WANT TO VILLAGE YOU HAVE

TO BE A VILLAGER? THAT MATCH -- THAT APPLIES TO

DIPLOMACY TOO. MORE GOLDEN AGE WORKERS SAY

THEY WANT TO KEEP WORKING. THERE IS THIS NEW TREND IN

RETIREMENT AND IT IS NOT RETIRING.

WE ARE GOING TO TALK ABOUT THAT NEXT.

IN THE MEANTIME YOU CAN TAKE US WITH YOU NO MATTER WHERE YOU GO.

WATCHING BLOOMBERG TV, STREAM MUST LIVE ON THE BLOOMBERG

BUSINESS APP, WHEREVER YOU ARE. WE ARE THERE.

IT IS BLOOMBERG "THIS WEEKEND." STICK WITH US.

♪

CHRISTINA: WELCOME BACK TO BLOOMBERG "THIS

WEEKEND." FORGET RETIREMENT PARTIES AND

GOLD WATCHES. MORE WORKERS 60 AND UP ARE UP

TO KEEP AT IT FOR LONGER AND IT IS NOT JUST BECAUSE THEY ARE

MOTIVATED BY MONEY. OR THAN HALF OF PEOPLE LOOKING

AT WAYS RETIREMENT SAY THEY WANT TO KEEP THEIR MINDS ACTIVE.

DAVID: I STILL WOULD LIKE A GOLD WATCH, JUST FOR THE RECORD.

CHRISTINA: YOU CAN DO THAT AND ENGAGE WITH

THE WORLD. DAVID: ASKING THE COFOUNDERS OF

BLOOMBERG RADIO, AS IN BOOMERS, HE ASKED ABOUT THE FULFILLMENT

THEY FIND DJING INTO OLD AGE. STACY, GREAT TO SEE YOU.

>> THIS WAS A FUN PIECE. CHRISTINA:

INTRODUCE US TO DAVID LLOYD. HE HAD HAD A LONG, SUCCESSFUL

CAREER AS A DJ. WAS IT SOMETHING OF A

CROSSROADS? STACEY: THIS WAS IN THE EARLY DAYS OF

THE PANDEMIC. HE WAS 59 AND HAD BEEN PHASED

OUT OF HIS JOB.

HE WAS IN MUSIC RADIO, A VERY YOUTH-ORIENTED INDUSTRY AND HIS

HUSBAND HAD JUST BEEN LAID OFF AND DELVE HIS PEERS WERE BEING

PHASED OUT, TAKING CONSULTING JOBS.

AT THE SAME TIME, AS A LISTENER HE WAS HEARING SOME OF HIS

FAVORITE HOSTS AND ANCHORS IN NEWS AND MUSIC GETTING REPLACED.

HE WAS FEELING AS A LISTENER A LITTLE ALIENATED.

THE MUSIC WAS NOT FOR HIM. THE CULTURAL REFERENCES.

HE HAD THIS IDEA. HE THOUGHT, I THINK THERE IS AN

AUDIENCE FOR THIS. WHAT IF WE MADE A RADIO STATION

FOR OLDER PEOPLE? EMAILED HIS OLD BOSS, WHO

EMAILED HIM BACK WITH A SPREADSHEET AND SAID, I THINK

WE CAN MAKE THIS WORK. DAVID: THAT IS ALL GOOD BOSSES DO.

STACEY: HE TOOK MONEY OUT OF HIS PENSION, THEY STARTED THIS.

HE SAID THEY CALLED ALL OF THESE LEGENDARY PRESENTERS.

EVERYONE SAID YES. IT IS THIS HUGE SUCCESS.

THEY HAVE MORE THAN A MILLION LISTENERS A MONTH.

THEY HAVE SPUN OFF TWO STATIONS. IT IS A REALLY INSPIRING STORY.

CHRISTINA: THIS IS PART OF A LARGER ISSUE

OF PEOPLE NOT WANTING TO DISAPPEAR.

PEOPLE WERE LIVING TO THE AGE OF 43? THAT IS NOT THE CASE.

20 YEARS IS NOT ONLY A LONG TIME NOT TO MAKE MONEY, BUT A

LONG TIME NOT TO BE ENGAGING WITH ANYBODY.

I THINK WE HAVE A COOL GRAPHIC FROM YOUR PIECE ABOUT THE

POPULATIONS AROUND THE WORLD. IT IS A STORY THAT JAPAN HAS AN

EASY -- AGING POPULATION. JAPAN IS CATCHING UP IN THE U.S.

IS NOT FAR BEHIND. OUR COMPANIES, OR CORPORATIONS,

OR PEOPLE STARTING TO UNDERSTAND, I THINK YOU CALL IT

PHASED RETIREMENT? STACEY: THE U.S.

IS A LITTLE BIT BEHIND IN THIS. COUNTRIES LIKE SINGAPORE AND

JAPAN ARE MUCH MORE AHEAD OF THE CURVE IN ADDRESSING THIS.

IN THE U.S. THERE ARE SOME COMPANIES THAT

ARE STARTING TO UNDERSTAND THAT THE POPULATION IS AGING.

ONE OF THE INTERESTING COMPANIES, MICROSOFT, IS DOING

SOMETHING INTERESTING. HAVE A PHASED SITUATION WHERE

WHEN YOU ARE READY TO RETIRE YOU CAN GO FROM FULL-TIME TO

PART-TIME BUT KEEP YOUR BENEFITS. CHRISTINA:

WHICH IS HUGE. STACEY: THIN PEOPLE CAN MENTOR YOUNGER

WORKERS, ENGAGE IN TEAMS, AND CONTRIBUTE AND BE ACTIVE, BUT

HAVE MORE FREEDOM. DAVID: I WAS RAISED IN A UNIVERSITY

TOWN. THE PROFESSORS TALK ABOUT PHASED RETIREMENT.

WHAT WAS THE CATALYST THAT IS BECOMING MORE COMMON IN

CORPORATE AMERICA, CORPORATIONS MORE GLOBALLY?

WAS IT RECOGNITION OF THE DEMOGRAPHICS?

WAS IT AGITATION BY WORKERS WHO WANTED TO STAY LONGER, MAYBE

NOT DO AS MUCH? HOW DID THIS BECOME MORE OF A

ZEITGEISTY THING? STACEY: PRACTICALLY SPEAKING, BECAUSE

THERE ARE OLDER WORKERS AND WE ARE AGING AS A POPULATION, IT

BECOMES HARDER TO ALWAYS WANT TO YOUNGER WORKERS WHEN IT IS

HARDER TO FIND WORKERS. . DAVID: THERE HAS TO BE AN

ACKNOWLEDGMENT OF THE NEED FOR THAT.

CHRISTINA: WE HAVE A CLINIC AT BLOOMBERG

AND THE DOCTOR WAS TELLING ME SHE HAD BEEN A NEW YORK PUBLIC

HEALTH WORKER. SHE WANTED TO STILL WORK, SO

NOW SHE WORKS A COUPLE OF DAYS A WEEK AT A HEALTH CLINIC IN AN

OFFICE BUILDING. DAVID:

THERE IS THIS BROADER RESPONSE TO LABOR MARKET TRENDS WE HAVE

BEEN TALKING ABOUT FOR A LONG TIME NOW? STACEY:

WE ARE GOING TO SEE MORE AND MORE OF THIS BECAUSE OUR

POPULATION IS AGING. OUR MEDIAN AGE IS RISING ALL

THE TIME, SO COMPANIES ARE GOING TO NEED TO FIND WAYS TO

ADAPT TO OLDER WORKERS. ALSO, OLDER WORKERS HAVE A LOT

OF EXPERIENCE AND KNOWLEDGE THAT IS VERY VALUABLE.

DAVID: BOOM RADIO. WAS THE ASPIRATION FOR IT TO BE

A HOBBY? ARE THEY ASTONISHED THEY ARE

MAKING MONEY OFF OF IT? CHRISTINA:

THERE WAS AN AUDIENCE FOUR. STACEY: THEY WERE ASTONISHED.

DAVID LLOYD SAID, NONE OF US CAN BELIEVE HOW BIG THIS HAS

BECOME. HE IS WORKING SEVEN DAYS A WEEK.

HE SAYS HE WANTS TO PULL HIS HAIR OUT SOMETIMES, BUT HE

SAID, THIS IS BY FAR THE MOST FULFILLING, BEAUTIFUL THING I

HAVE EVER DONE IN MY LIFE, AND IF I DIE TOMORROW I WILL FEEL

LIKE I HAVE DONE IT. THAT HAS REALLY STAYED WITH ME,

BECAUSE IT IS VERY INSPIRING TO HEAR SOMEONE, SEEING THAT LEVEL

OF FULFILLMENT. HE SAID, THIS IS THE RADIO

STATION WE SPENT OUR CAREERS GETTING READY TO RUN.

IT JUST SEEMED LIKE A BEAUTIFUL EXAMPLE OF SOMEONE USING ALL OF

THE EXPERIENCE THEY HAD TO CREATE SOMETHING NEW AND REALLY

FULFILLING. CHRISTINA: WHY CAN'T YOU CREATE SOMETHING

NEW AT 50? WHY IS IT JUST AS EXCITING AND

NEW IN THE LAST 30 YEARS OF YOUR LIFE?

I THOUGHT THE WHOLE THING WAS INCREDIBLY INSPIRING, AND IT

SEEMS LIKE IT IS GOING TO STICK WITH YOU. STACEY:

WE ARE LIVING LONGER, WE ARE HEALTHIER.

IT WAS NO REASON WE SHOULD NOT KEEP TRAVELING AND DOING ALL

THOSE THINGS. CHRISTINA: THANK YOU SO MUCH FOR JOINING

US AND THIS EXCELLENT PIECE. I RECOMMEND EVERYONE READS IT.

DAVID: WE HAVE TALKED ABOUT RETIREMENT

FOR A LONG TIME. WE ARE ABLE TO TALK ABOUT THE

PROSPECTS HERE AS WELL. CHRISTINA:

PLEASE DON'T RETIRE YET. DAVID: I'M FOCUSED ON THE OLD WATCH.

STILL. DO AWAY WITH THAT. YOU NEED THAT ACKNOWLEDGMENT.

CHRISTINA: I GOT IT. WE ARE COMING UP ON THE 9:00

A.M. HOUR. IN OUR NEXT HOUR WE ARE GOING

TO HEAR FROM THE AMBASSADOR OF CUBA TO THE U.N.

THE NEXT HOUR OF BLOOMBERG "THIS WEEKEND."

STARTS RIGHT NOW.

♪

CHRISTINA: COMING UP, PRESIDENT TRUMP SAYS

HE IS CONSIDERING WINDING DOWN THE WAR IN IRAQ AN HOUR AFTER

SAYING THIS.

>> I DON'T WANT TO DO A CEASE FIRE.

YOU DON'T DO A CEASE FIRE WHEN YOU ARE LITERALLY OBLITERATING

THE OTHER SIDE.

>> THE LATEST ON AMERICAN TROOP MOVEMENTS. DAVID:

STOCKS ARE AT A SIX MONTH LOW, GAS PRICES CONTINUE TO CLIMB,

AND NOW THE U.S. PAUSES SOME SANCTIONS ON

IRANIAN OIL.

>> IT IS VERY TEMPORARY, TO BASICALLY DEFEAT THE IRANIAN

STRATEGY OF DRIVING ENERGY PRICES SO HIGH. DAVID:

WILL IT ACHIEVE THAT GOAL OR HELP THE IRANIAN REGIME?

CHRISTINA: PROJECT HAIL MARY SHOOTS FOR

THE STARS WITH A BIG OPENING WEEKEND.

DID YOU ENVISION BEING US HOT AS RYAN GOSLING?

>> I DID NOT. CHRISTINA: WE TALKED TO THE AUTHOR BEHIND

THE BLOCKBUSTER. DAVID: WELCOME TO BLOOMBERG "THIS

WEEKEND." LIVE FROM NEW YORK, I'M DAVID

EUROPE. CHRISTINA: I'M CHRISTINA RUFFINI.

WE HAVE A LOT OF NEWS THIS WEEK, BUT WE ARE GOING TO PIVOT

TO COVER SOME DIFFERENT PARTS OF THE WORLD.

DAVID, YOU HAD A VERY GOOD INTERVIEW THIS WEEK AND WE WILL

TALK ABOUT IRAN, BUT ALSO WHAT IS HAPPENING IN SOUTH AND

CENTRAL AMERICA. DAVID: THE ADMINISTRATION STILL

TALKING ABOUT CUBA, THE PROSPECT OF THERE BEING

LEADERSHIP CHANGE ON THAT ISLAND.

I SIT DOWN WITH THE CUBAN AMBASSADOR TO THE UNITED

NATIONS AND TALKED ABOUT HOW THEY WOULD RESPOND TO ANY KIND

OF INCURSION BY THE U.S. WE WILL BRING YOU THAT

CONVERSATION IN A FEW MINUTES. LET'S GET TO THE HEADLINES WITH

LISA MATEO. LISA: U.S.

CENTRAL COMMAND SAYS IT TOOK OUT IRANIAN FACILITIES

THREATENING THE STRAIT OF HORMUZ.

>> WE ARE ZEROED IN ON DISMANTLING IRAN'S TICKETS-OLD

THREAT TO THE STRAIT OF HORMUZ. EARLIER THIS WEEK WE DROPPED

MULTIPLE 5000 POUND BOMBS ON AN UNDERGROUND FACILITY LOCATED

ALONG IRAN'S COASTLINE. CHRISTINA:

THAT WAS SENT COME COMMANDER BRAD COOPER.

THIS COMES AFTER PRESIDENT TRUMP POSTED YESTERDAY THAT HE

WAS CONSIDERING WINDING DOWN THE U.S.

MILITARY EFFORTS AGAINST IRAN. HE SAID THE U.S.

IT WAS CLOSE TO ACHIEVING THE OBJECTIVES.

HIS COMMENTS COME AFTER HE KEPT THE DOOR OPEN TO DEPLOYING

GROUND TROOPS AND RULED OUT A CEASE FIRE.

PRESIDENT SPOKE TO REPORTERS YESTERDAY. PRES. TRUMP:

I DON'T WANT TO DO A CEASE FIRE. YOU DON'T DO A CEASE FIRE WHEN

YOU ARE LITERALLY OBLITERATING THE OTHER SIDE.

THEY DON'T HAVE A NAVY, THEY DON'T HAVE AN AIR FORCE, THEY

DON'T HAVE ANY EQUIPMENT, THEY DON'T HAVE ANY SPOTTERS, THEY

DON'T HAVE ANTIAIRCRAFT. THEY DON'T HAVE RADAR AND THEIR

LEADERS HAVE ALL BEEN KILLED AT EVERY LEVEL.

WE ARE NOT LOOKING TO DO THAT. LISA: HIS COMMENTS COME AS THE

PENTAGON HAS ASKED FOR AN ADDITIONAL 200 DOLLARS TO PAY

FOR THE WAR. ACTION IN THE MIDDLE EAST

CONTINUES. THE ISRAELI ARMY SAID IT WAS

STRIKING ARMIES IN TEHRAN AND HAD DETECTED MISSILES LAUNCHED

FROM IRAN WHICH CONTINUE TO LAUNCH RETALIATORY STRIKES.

THE CONFLICT ROILED FINANCIAL MARKETS, SENDING ENERGY PRICES

SOARING. BRENT CLOSED YESTERDAY ABOVE

ONE HAD A $12 A BARREL. THAT PROMPTED THE U.S.

TREASURY TO TAKE EXTRAORDINARY -- THE EXTRAORDINARY STEP OF ON

SANCTIONING IRANIAN OIL THAT HAS BEEN LOADED ONTO TANKERS

THAT FOLLOWS SIMILAR MOVES FROM RUSSIAN OIL ON THE WATER.

FOR NOW THE BULK OF RUSSIA'S OIL HAS BEEN BOUGHT -- IRAN'S

OIL HAS BEEN BLOCKED BY CHINESE CUSTOMERS.

ON O'AHU, THE WORST FLOODING THE ISLAND HAS SEEN IN YEARS.

OFFICIALS WARNING THE POSSIBLE FAILURE OF A 120-YEAR-OLD DAM.

GOVERNOR JOSH GREEN SAID DAMAGE COULD TOP ONE ALIEN DOLLARS.

>> THAT INCLUDES THINGS LIKE DAMAGE TO THE AIRPORTS, A MAJOR

HOSPITAL THAT HAS BEEN DAMAGED ON MAUI, LOTS OF DAMAGE AT

SCHOOLS, ROADS, AND THEN OF COURSE THE INNUMERABLE EVENTS

THAT HAVE HAPPENED AT PEOPLE'S HOMES WHERE THEY HAVE LOST

STRUCTURE AND WILL HAVE TO BE REPAIRED.

LISA: THE WHITE HOUSE DO SAY THEY ARE

STEPPING DOWN. DAVID: HELP IS ON THE WAY.

LISA MATEO WITH THOSE HEADLINES. OVER THE LAST 12 HOURS WE SAW

IRAN TARGETING A JOINT U.S.-U.K. BASE IN THE INDIAN OCEAN.

IRAN USING BALLISTIC MISSILES TO DO THAT BUT THERE ARE

REPORTS THAT MISSILES DID NOT REACH THAT BASE.

DESPITE ALL OF THAT THE COMMANDER OF SYNCOM POSTED A

VIDEO ON SOCIAL MEDIA AN HOUR AGO SAYING IRAN HAS LOST A

SIGNIFICANT COMBAT CAPABILITY OVER THE PAST THREE WEEKS.

LET'S GO TO WENDY BENJAMINSON ONCE AGAIN.

HE WATCHED THAT VIDEO AS WE DID. WALK US THROUGH THE UPDATE WE

GOT THERE AND TALK ABOUT HOW THAT IS INFORMING OR SHAPING

THE ADMINISTRATION'S TACT TOWARD IRAN GOING INTO THIS

SATURDAY. WENDY: THANKS. I WANT TO SAY THAT IS VIDEO OF

AN EVENT THAT HAPPENED EARLIER THIS WEEK.

SO, THEY ARE GETTING AROUND TO ANNOUNCING IT.

IT LOOKS LIKE A SIGNIFICANT ATTACK. TRUMP HAS SAID THAT THE

IMPORTANT THING WAS TO DEGRADE IRAN'S FACILITIES ALONG THE

COASTLINE, WHERE THEY ARE THREATENING SHIPS THE GO

THROUGH THE STRAIT OF HORMUZ. NOTE HE HAS ALSO SAID -- AND I

THINK YOU WERE RUNNING THE CUP AMENITY GO -- HE HAS SAID THEY

HAVE NO NAVY, YET WE SAW THE IRANIAN NAVY ESCORT A GAS

TANKER THROUGH THE STRAIT JUST A DAY AGO.

WE DON'T KNOW EXACTLY WHERE WE ARE.

TRUMP SAYS HE DOES NOT WANT A CEASE FIRE.

BUT HE WANTS TO WIND DOWN THE WAR.

HE SAID THAT ROUNDTRIPS -- I THINK WE ARE WITNESSING HIM

THINKING THIS THROUGHOUT LOUD. CHRISTINA:

THE OTHER THING THAT IS CONFUSING ME IS IRAN'S

LEADERSHIP AS WELL. THEY HAVE NAMED THIS NEW

AYATOLLAH, AND ORIGINALLY WAS OFF THE TABLE AS SOMEONE THEY

DID NOT WANT TO BE IN LEADERSHIP.

NOW HE HAS BEEN GIVEN A JOB, REPORTEDLY, BUT HAVE NOT SEEN

HIM. HE ISSUED A NEW YEAR'S MESSAGE.

VERY COMBATIVE, SAYING THEY'RE GOING AFTER THE ENEMY.

BUT IT IS UNCLEAR WHO IS REALLY IN CHARGE IN IRAN.

WHETHER IT IS THE MULLAHS AROUND HIM, WHAT CONDITION HE

IS IN. DO WE HAVE ANY UPDATES OF WHAT

THE U.S. BELIEVES WHAT SHAPE HE IS IN OR

LEADERSHIP APPROACH HE IS TAKING IF HE IS IN CHARGE?

WENDY: ONLY IN THE SENSE THAT WE HAVE

HEARD THEY DO NOT KNOW WHO IS IN CHARGE AND THEY DO NOT KNOW

WHO TO TALK TO. REMEMBER THAT AT THE BEGINNING

OF THIS WAR TRUMP SAID THAT ALL OF THE PEOPLE HE HAD IN MIND

WHO WOULD BE GOOD TO TAKE OVER IRAN WERE KILLED BY EITHER THE

U.S. OR ISRAEL. AND SO, YOU KNOW, HE DOESN'T

HAVE ANY CONTACTS IN THE GOVERNMENT ANYMORE.

YOU'RE RIGHT, PETE HEGSETH HAS

SAID THE NEW AYATOLLAH, MOJTABA KHAMENEI, WAS BADLY WOUNDED IN

THE ATTACK THAT TOOK OUT HIS FATHER, WIFE, AND

BROTHER-IN-LAW. HE MAY BE AT THE HOSPITAL.

WE DON'T KNOW. HE MIGHT NOT BE READY TO BE ON

TV YET OR IN A VIDEO MESSAGE. SO, IT IS A REAL BLACK HOLE.

WE DON'T KNOW WHAT IS GOING ON. DAVID: A HUGE OPEN QUESTION.

VERY FEW PEOPLE FROM IRAN'S LEADERSHIP STRUCTURE TALKING

ABOUT ANY OF THIS. CHRISTINA:

WE HAVE SEEN SOME ALLEGEDLY ALIASES OF COMMANDERS POP UP ON

TWITTER, BUT THOSE ARE HARD TO CONFIRM.

THE RHETORIC IS SIMILAR. IT IS NOT SPECIFIC AND THINGS

WE HAVE HEARD FROM THE REGIME. WE ARE GOING TO HAVE TO LEAVE

IT THERE FOR NOW. DAVID: WENDY BENJAMIN OUR WASHINGTON

BUREAU. CHRISTINA: PRESIDENT TRUMP IS NOW SETTING

HIS SIGHTS ON A NEW GOAL, AND THAT IS TAKING CUBA.

THE CUBAN PRESIDENT HAS ACKNOWLEDGED TALKS WITH THE

ADMINISTRATION ARE ONGOING AS IT FEELS -- FEELS PRESSURE FROM

A POWER BLACKOUT. DAVID: I SIT DOWN WITH ERNESTO SOBERON

GUZMAN. HE IS THE YUAN AMBASSADOR FROM

CUBA. TAKE A LISTEN. -- YOU AMBASSADOR FOR CUBA.

-- YOU IN AMBASSADOR -- -- YOU AMBASSADOR FOR CUBA.

PRES. TRUMP: THE HONOR OF TAKING CUBA.

THAT IS A BIG HONOR.

>> TAKING CUBA? PRES. TRUMP: TAKING CUBA, IN SOME FORM, YEAH.

WHETHER I FREE IT, TAKE IT -- I CAN DO ANYTHING I WANT WITH IT.

DAVID: WHAT IS YOUR REACTION TO SOME

OF THE RHETORIC WE HAVE HEARD FROM THE UNITED STATES? ERNESTO:

DURING THE LAST THREE MONTHS ALMOST EVERY DAY PRESIDENT

TRUMP OR THE SECRETARY OF STATE, MARCO RUBIO, SAID

SOMETHING WITH THIS. TO COVER, WE ARE NOT

NEGOTIATING, WE ARE READY TO BOMB AND DESTROY EVERYTHING,

AND FOR US OUR POSITION IS CLEAR, CRYSTAL.

OUR PRESIDENT ANNOUNCED LAST FRIDAY THAT WE ARE RECENTLY

STARTING DIALOGUE BETWEEN OFFICIALS OF THE CUBAN

GOVERNMENT AND OFFICIALS OF THE U.S., BASED ON EQUAL FOOTING,

RESPECTIVE SOVEREIGNTY, AND RESPECT OF NONINTERFERENCE IN

INTERNAL AFFAIRS. DAVID:

AT THIS MOMENT, WHAT IS THE BEST OUTCOME FOR YOU, FOR CUBA

FROM THOSE TALKS? ERNESTO:

AS WE ALSO SAID, WE ARE, AS PART OF THIS DIALOGUE WE ARE

IDENTIFYING THE MAIN ISSUES WHERE WE HAVE DIFFERENCE.

ONCE WE IDENTIFY THOSE ISSUES WE ARE IN A POSITION TO FIND

SOLUTIONS FOR THOSE. AT THE SAME TIME WE ARE IN THE

POSITION TO IDENTIFY AREAS WHERE WE CAN COOPERATE AND

BENEFIT A MUTUAL PART. PEOPLE TALK ABOUT A

CONVERSATION BETWEEN CUBA AND THE U.S. IS ONLY FOR CUBA.

IT IS NOT. IT IS BENEFICIAL FOR BOTH PARTS.

LIKE WE PROVED IN THE PAST. DAVID:

WE TALKED ABOUT WHAT IS ON THE TABLE AND WHAT ISN'T.

WE HAD THE PRESIDENT SAYING CUBA HAS TO PUT NEW PEOPLE IN

CHARGE. IS CUBA WILLING TO MAKE CHANGES

TO SENIOR LEADERSHIP TO APPEASE THE UNITED STATES? ERNESTO:

NOT AT ALL. THE ONLY PEOPLE THAT HAS THE

RIGHT TO ELECT OUR LEADERSHIP IS THE CUBAN PEOPLE.

NO ONE WILL COME TO TELL US, YOU HAVE TO DO THIS, OR DO

THAT, IN THIS REGARD. WE ARE NOT ASKING THE U.S.

THAT THEY HAVE TO CHANGE THEIR LEADERSHIP.

SO, IT IS AN ISSUE OF INDEPENDENCE.

WE ARE AN INDEPENDENT COUNTRY AND NO ONE CAN TELL US WHAT WE

CAN DO. THIS IS SOMETHING WE HAVE TO DO

BY OURSELVES. DAVID:

YOUR PRESIDENT SAID ANY EXTERNAL AGGRESSOR WILL

ENCOUNTER AN INDOMITABLE RESISTANCE.

YOUR JOB IS TO EXTREME THE POLICIES OF YOUR GOVERNMENT.

WHAT IS AN INDOMITABLE RESISTANCE FROM CUBA LOOK LIKE?

ERNESTO: THAT MEANS WE ARE READY FOR ANY

SCENARIOS. WE REALLY WANT TO HAVE THIS

DIALOGUE. IT IS NOT A NEW POSITION OF THE

CUBAN GOVERNMENT. IT IS A VERY LONG-STANDING

POSITION OF THE CUBAN GOVERNMENT THAT WE CAN SEE THAT

THE BEST OPTION FOR BOTH PART IS TO HAVE A DIFFERENT KIND OF

RELATION, YOU KNOW? SO, WE ARE OPEN TO TALK ABOUT

EVERYTHING. WE ARE NOT TELLING -- WE CAN

TALK ABOUT EVERYTHING. BASED ON WHAT I TOLD YOU.

IF YOU WANT TO TALK ABOUT HUMAN RIGHTS, WE ARE READY TO TALK

ABOUT HUMAN RIGHTS. THE U.S. GOVERNMENT HAS CONCERNS ABOUT

HUMAN RIGHTS IN CUBA. WE HAVE CONCERNS ALSO ABOUT

HUMAN RIGHTS IN THE U.S. SOMETHING HAPPENS IN MINNESOTA

OR IN -- WE CAN TALK ABOUT THIS. IF YOU WANT TO TALK ABOUT

DEMOCRACY, WE ARE READY TO TALK ABOUT DEMOCRACY ALSO WITH THE

U.S. GOVERNMENT. BUT, SO, THIS IS OUR POSITION.

BUT AT THE SAME TIME WE ARE READY FOR SOME SCENARIOS,

BECAUSE WE SUFFER AGGRESSION FROM THE U.S.

GOVERNMENT IN THE PAST, SO WE KNOW ABOUT THAT.

AND WE HAVE TO BE READY FOR IT. WHEN THE PRESIDENT SAID THAT

MEANS WE ARE READY TO TALK, THIS IS OUR MAIN POSITION, BUT

IF SOMEONE TRIES TO INVADE CUBA OR IF SOMEONE TRIED TO -- THEY

WOULD FIND 10 MILLION PEOPLE READY TO DEFEND OUR

SOVEREIGNTY, OUR INDEPENDENCE. DAVID: LET'S TALK ABOUT THE OIL

BLOCKADE THAT HAS BEEN IN PLACE. THE LAST SHIPMENT CAME FROM

MEXICO. BEFORE THAT IN DECEMBER YOU GET

A SHIPMENT FROM VENEZUELA. CIRCUMSTANCES HAVE CHANGED.

WHAT HAS THE IMPACT OF THAT, THE OIL BLOCKADE IMPOSED BY THE

UNITED STATES, BEEN ON THE COUNTRY OF CUBA OVER THESE LAST

COUPLE OF MONTHS? ERNESTO: IT HAS A HUGE IMPACT.

THE FIRST QUESTION HERE IS, DOES THE GOVERNMENT OF THE U.S.

HAVE THE RIGHT TO IMPOSE A BLOCKADE LIKE THIS?

THEY HAVE THE RIGHT TO CUBA? THEY HAVE NOT THIS RIGHT, AND

THEY ARE VIOLATING INTERNATIONAL LAW.

THE INTERNATIONAL HUMANITARIAN LAW. THE CHARTER OF THE U.N.

WE HAVE 96,000 PEOPLE THAT ARE WAITING FOR SURGERY BECAUSE WE

DON'T HAVE ELECTRICITY, OR OIL TO HAVE ELECTRICITY IN THE

HOSPITAL. AROUND 11,000 OF THEM, CHILDREN.

WE HAVE MORE THAN 30,000 WOMEN -- PREGNANT WOMEN -- WAITING

FOR AN ULTRASOUND BECAUSE, ALSO, LACK OF ELECTRICITY.

BUT YOU NEED ELECTRICITY TO PRODUCE FOOD.

YOU NEED ELECTRICITY TO PUMP WATER.

YOU NEED ELECTRICITY FOR FOOD TRANSPORTATION, TO TRANSPORT

PEOPLE. YOU NEED ELECTRICITY FOR ALMOST

EVERYTHING. SO, HERE, DAVID, WE ARE LOOKING

AT COLLECTIVE PUNISHMENT TO A WHOLE COUNTRY, JUST BECAUSE

ANOTHER COUNTRY, THEY WANT TO CHANGE GOVERNMENT OF CUBA.

DAVID: WHO DO YOU COUNT AS A CLOSE

FRIEND OF CUBA AT THIS MOMENT, WHEN THERE IS SO MUCH SCRUTINY

OF THE ISLAND COUNTRY BY THE UNITED STATES? ERNESTO:

AS AN AMBASSADOR TO THE U.N. AIKEN TELL YOU WE HAVE THE

SUPPORT OF THE MAJORITY OF COUNTRIES AROUND THE WORLD.

DAVID: YOU ARE HEARING THAT FROM OTHER

AMBASSADORS? ERNESTO: NOT ONLY HERE, WE HAVE A

STATEMENT CONTAINING THIS POLICY.

THE 77 AND CHINA IS THE LARGEST GROUP OF MEMBER STATES IN THE

U.N. 134 COUNTRIES. DAVID: ARE YOU DISAPPOINTED CHINA IS

NOT DOING MORE? THEY ARE SENDING SOLAR

EQUIPMENT, BUT DO YOU WISH THEY WOULD TAKE A STRONGER STAND?

ERNESTO: NOT AT ALL. WE HAVE BEEN RECEIVING

POLITICAL SUPPORT, BUT AT THE SAME TIME WE HAVE RECEIVED SOME

OTHER SUPPORT FROM MANY COUNTRIES.

YOU MENTIONED CHINA, VIETNAM, MEXICO, RUSSIA, BRAZIL, CHILE.

THE CARIBBEAN COUNTRIES. THE YUAN SYSTEM IS WORKING NOW

TO TRY TO IMPLEMENT WHEN A COUNTRY OFFERS SOME KIND OF AID

THEY ARE TRYING TO BE LIKE A BRIDGE. DAVID:

WHAT IS YOUR MESSAGE TO THE AMERICAN PEOPLE AT THIS MOMENT

AS WE HEAR THE PRESIDENT MAKING BELLICOSE STATEMENTS FOR THE

WHITE HOUSE? WHAT WOULD YOU SAY TO AMERICAN

PEOPLE WATCHING THIS AND HEARING FROM THE ADMINISTRATION

THAT THINGS ARE BOUND TO CHANGE IN CUBA IN THE NEAR TERM?

ERNESTO: YESTERDAY I READ A POLL THAT

ONLY 20% OF THE AMERICAN PEOPLE SUPPORT THIS KIND OF POLICY, OF

THEIR GOVERNMENT TOWARD CUBA.

SO, I WILL SAY TO THE 72% THAT DOESN'T SUPPORT THIS POLICY,

PLEASE CONTINUE PUSHING. CONTINUE RAISING YOUR VOICE IN

FAVOR OF A DIFFERENT KIND OF RELATION BETWEEN CUBA AND THE

U.S. IT IS POSSIBLE AND IT IS BENEFICIAL FOR BOTH.

DAVID: WHAT GIVES YOU OPTIMISM THAT

THIS WILL BE RESOLVED? HOW GRAVE IS THIS MOMENT AND

WHAT IF YOU OPTIMISM THIS IS GOING TO RESOLVE ITSELF IN A

WAY THAT WILL BE PEACEABLE? ERNESTO:

BECAUSE THIS IS NOT THE FIRST TIME WE HAVE FACED A SITUATION

LIKE THIS. WE HAVE BEEN, UNFORTUNATELY WE

HAVE BEEN FACING THIS KIND OF POLICY FOR MANY YEARS.

I LOST COUNT OF HOW MANY PRESIDENTS OF THE U.S.

TRIED TO CHANGE THE GOVERNMENT IN CUBA.

WE ARE STILL HERE, AND AS I TOLD YOU, FOR US THERE IS ONLY

ONE OPTION.

RESIST. AND TO KEEP AND PROOF IT IS POSSIBLE TO BE DIFFERENT.

WE ARE NOT BETTER. WE ARE NOT WORSE THAN THE U.S.

GOVERNMENT, OR THE U.S. PEOPLE. YOU'RE JUST DIFFERENT PEOPLE.

JUST WANT TO TRY TO BUILD OUR OWN FUTURE FROM OUR OWN

PERSPECTIVE. CHRISTINA: NICE INTERVIEW.

DAVID: FASCINATING TO TALK TO HIM AS

WE HEAR THIS RHETORIC FROM THE ADMINISTRATION.

I ASKED WHO CUBA IS TALKING TO ON THE U.S. SIDE.

HE SAID HE DIDN'T KNOW AND THAT WAS NOT IMPORTANT. CHRISTINA:

PRESIDENT TRUMP IS EXPANDING THE U.S.

INFLUENCE AROUND THE WORLD. WHAT IS THE STRATEGY AND AT

WHAT COST? THAT IS AHEAD HERE ON BLOOMBERG

"THIS WEEKEND."

♪

LISA: THANK YOU FOR JOINING US LIVE.

I'M LISA MATEO. LET'S GET YOU UP-TO-DATE WITH

SOME OF THE TOP STORIES. PRESIDENT TRUMP SAYS AT SOME

POINT THE STRAIT OF HORMUZ WILL OPEN ITSELF OUT. PRES. TRUMP:

IT IS A SIMPLE MILITARY MANEUVER, BUT YOU NEED A LOT OF

HELP, IN THE SENSE OF UNIQUE SHIFTS, YOU NEED VOLUME.

AND NATO COULD HELP US, BUT THEY SO FAR HAVE NOT HAD THE

COURAGE TO DO SO. AND OTHERS COULD HELP US, BUT

WE DON'T USE IT. AT A CERTAIN POINT IT WILL OPEN

ITSELF. AT A CERTAIN POINT. BUT WE HAVE DEFEATED THE ENEMY.

LISA: THE PRESIDENT SPEAKING OUTSIDE

THE WHITE HOUSE. IRAN IS TRYING TO IMPOSE A

TRAFFIC CONTROL SYSTEM THROUGH THE STRAIT.

SOURCES SAY THE IRANIAN NAVY GUIDED AN INDIAN LIQUEFIED

PETROLEUM GAS SHIPPED LAST WEEK, ALLOWING THE SHIP TO PASS

ON A PRE-APPROVED ROUTE. A BILL TO FUND THE DEPARTMENT

OF HOMELAND SECURITY FAILED TO ADVANCE FRIDAY IN THE SENATE AS

LINES TO GET THROUGH SECURITY AT SOME OF THE COUNTRY'S

BIGGEST AIRPORTS CONTINUE TO GROW.

CALL OUT RATES FOR TSA WORKERS WHO ARE NOT GETTING PAID DURING

THE FUNDING LABS ARE ON THE RISE.

CHUCK SCHUMER SAID HE WOULD OFFER AN ALTERNATIVE MEASURE TO

FUND THE TSA AS LAWMAKERS HOLD A RARE WEEKEND SESSION.

ELON MUSK IS STEPPING UP TO THE PLATE, EXTENDING AN OFFER TO

PAY THE SALARIES OF WORKERS AFFECTED BY THE SHUTDOWN.

HE MADE THAT POST ON X, BUT IS ALSO IN THE HEADLINES FOR LEGAL

TROUBLE. A JURY SAYS HE MISLED TWITTER

INVESTORS BEFORE HIS ACQUISITION OF THE COMPANY IN

2022. JURORS FOUND THAT MOSCA DEFRAUDED SHAREHOLDERS WHEN HE

TWEETED THAT THE SOCIAL MEDIA NETWORK HAD TOO MANY FAKE

ACCOUNTS AND TRIED TO BACK OUT OF THE DEAL.

THE JURY REJECTED TWO OF THOSE FOUR FRAUD CLAIMS. MUSK'S

LAWYERS SAID THEY WOULD APPEAL THAT DECISION. DAVID:

THANK YOU VERY MUCH. TWO UNRELATED STORIES.

CHRISTINA: IT WAS CLEAR THAT WAS WHAT HE

WAS TRYING TO DO, BUT HE BOUGHT IT ANYWAYS.

WITH IRAN FRONT AND CENTER PRESIDENT TRUMP'S NATIONAL

AMBITIONS ARE UNDER THE SPOTLIGHT.

TRUMP'S SECOND TERM HAS LED TO THREATS AGAINST CUBA.

HE HAS PICKED UP VENEZUELAN NICOLAS MADURO AND VOICED

ASPIRATIONS FOR THE PANAMA CANAL AND GREENLAND. DAVID:

WHAT EXACTLY ARE HIS AMBITIONS? JOINING US IS A NATIONAL

SECURITY REPORTER FOR THE WASHINGTON JOURNAL AND A STAFF

WRITER FOR THE ATLANTIC. I'M CURIOUS HOW WHAT WE ARE

SEEING PLAY OUT IN IRAN HAS MAYBE ALTERED THE PRESIDENT'S

APPETITE FOR ADVENTURISM. HE STILL TALKS ABOUT CUBA.

DOES HE HAVE THE APPETITE TO DO MORE HERE?

IS HE FOCUSED BY NECESSITY ON WHAT IS GOING ON IN IRAN?

>> I ACTUALLY WOULD SAY THINGS ARE GOING IN A DIFFERENT

DIRECTION. I THINK VENEZUELA AND THE FACT

THAT THEY SEE THIS AS A GREAT SUCCESS, THEY HAVE GOTTEN

ACCESS TO THE OIL RESERVES IN VENEZUELA, THE PRODUCTION IS

MOVING IN THE RIGHT DIRECTION, THERE IS NO IRAQ-STYLE

SITUATION THAT THE CRITICS PREDICTED.

THERE IS NO DEMOCRACY YET, BUT I DON'T THINK THAT IS A BIG

GOAL FOR TRUMP. IT HAS EMBOLDENED THE

ADMINISTRATION GOING FOR TO IRAN.

YOU ARE SEEING TACTICALLY A VERY SUCCESSFUL OPERATION SO

FAR IN IRAN, IN TERMS OF DEGRADING IRAN'S POWER

PROJECTION ABILITY IN THE MIDDLE EAST. YET TO BE SEEN

WHETHER IT WILL ACHIEVE THOSE RESULTS OF FREEING UP TRAFFIC

IN THE STRAIT OF HORMUZ. IT IS A DIFFICULT ASYMMETRICAL

PROBLEM FOR ANY GREAT POWER. JUST EVEN THE THREAT OF MINDS

CAN DETER TRAFFIC BUT I DO THINK THAT HAS -- WE OBVIOUSLY

DON'T KNOW WHETHER THEY'RE GOING TO BE SUCCESSFUL ON A

STRATEGIC LEVEL IN TERMS OF GETTING A MORE FRIENDLY REGIME.

THAT IS OBVIOUSLY THE BIGGEST QUESTION, BUT I DO THINK HE

THINKS IT IS GOING WELL, AND I THINK IT ALSO HAS IMPLICATIONS

FOR CUBA. THEY ARE RIDING HIGH.

PRESIDENT TRUMP IS CONFIDENT IN HIS POLICY INSTINCTS AND HIS

ABILITY TO IMPOSE HIS WILL ON THE WORLD STAGE IN A WAY WE DID

NOT SEE IN THE FIRST TERM. I THINK THAT IS GOING TO BE

BROUGHT TO BEAR IN CUBA. CUBA IS A DIFFERENT PROBLEM.

IN SOME WAYS THE COUNTRY IS SO WEEKEND ECONOMICALLY AND

POLITICALLY ISOLATED THAT THEY ACTUALLY HAVE -- THEY FEEL LIKE

THEY HAVE A GOOD CHANCE, I THINK, OF ACHIEVING A FAVORABLE

OUTCOME WITHOUT HAVING TO USE THE MILITARY THERE.

CHRISTINA: THAT IS INTERESTING. I WAS GOING TO ASK YOU OR AS

WELL. CUBA WAS A CLIENT STATE OF THE

SOVIET UNION. THEY NEED OTHER SUPPORTERS NOW.

ONE OF THOSE WAS VENEZUELA. THAT HAS HAD HUGE IMPACTS ON

THE POWER AND ELECTRICAL GRIDS. WHAT DOES THAT DO FOR THE

POLITICAL STRUCTURE IN HAVANA? DO YOU AGREE THEY ARE LOOKING

AT THIS AND THINKING, NOW IS THE TIME TO MAKE A DEAL, NOT

HAVE A FIGHT WITH THE UNITED STATES?

VERA: IN A WAY, YES, BUT WHAT THEY

CONSIDER A DEAL LOOKS DIFFERENT FROM WHAT TRUMP CONSIDERS A

DEAL.

AS MISSY LAID OUT, IT IS NOT VENEZUELA, AND THEY HAVE HAD

SUCH SUCCESS INSTALLING A CLIENT INSIDER THEY CAN WORK

THROUGH, BECAUSE THEY DON'T WANT TO COMMIT A HUGE -- THEY

DON'T WANT U.S. PEOPLE ON THE GROUND.

THEY DON'T WANT TO COMMIT TO A COSTLY DEMOCRACY-BUILDING

EXERCISE. WE WANT TO WORK THROUGH SOME

KIND OF INSIDER. BUT IT IS DIFFERENT FROM

VENEZUELA BECAUSE IT HAS TO BE POLITICALLY PALATABLE IN A WAY

THAT IS DIFFICULT, BECAUSE EVEN WHO THE SECRETARIAL --

SECRETARY OF STATE IS, A LOT OF VERY POWERFUL CUBAN-AMERICAN

POLITICIANS -- CHRISTINA: FLORIDA VOTERS. VERA:

IN A MIDTERM YEAR. IT IS GOING TO BE UNPALATABLE

TO HAVE A DELCY RODRIGUEZ OF CUBA, SOMEBODY WHO WAS IN

CHARGE OF THIS REGIME TAKE OVER. THE CUBANS ARE STARTING TO OPEN

UP. THEY ARE OFFERING DIFFERENT THINGS.

THEY ARE OFFERING -- CUBAN-AMERICANS CAN COME AND

INVEST HERE. THEY CAN OPEN BUSINESSES.

THEY ARE TRYING TO OFFER THESE ECONOMIC CONCESSIONS WHICH ONLY

WORK IF THE U.S. REMOVES SOME OF ITS OWN

SANCTIONS AND DECIDES TO DO THAT, WHICH HAS ALWAYS BEEN A

NO GO LINDA FOR -- FOR THE FLORIDA COMMUNITY.

THEY ARE TALKING ON PARALLEL TRACKS, BECAUSE THE TRUMP

ADMINISTRATION HAS MADE IT CLEAR THEY WANT POLITICAL

CHANGE IN A WAY THEY HAVE NOT REALLY THOUGHT IN VENEZUELA.

DAVID: LET ME PICK UP ON THIS. I TALKED TO CUBA'S AMBASSADOR

TO THE U.N., AND THERE WAS A WISTFULNESS WHEN HE TALKED

ABOUT THAT YEAR OF OPENNESS THEY HAD WHEN OBAMA WAS IN

OFFICE. CHRISTINA: I WENT TO HAVANA. DAVID:

I'M CURIOUS HOW YOU THINK ABOUT THE OBAMA ADMINISTRATION'S

APPROACH IN THE CONTEXT OF WHAT WE HAVE SEEN AND WHAT MIGHT

HAPPEN IN THE WEEKS AHEAD? THERE WAS THIS EFFORT BUT THAT

ADMINISTRATION TO PURSUE A DIFFERENT TRACK.

ONE OF MORE OPENNESS OR COMMUNICATION. MISSY:

VIS-A-VIS IRAN? YEAH, SO THERE WAS A MOMENT

WHERE IT SEEMED LIKE THERE COULD BE A DIPLOMATIC SOLUTION

IN IRAN. THERE ARE REPORTS THAT THE U.K.

ACTUALLY JUDGED IT WAS AN ADEQUATE DEAL ON THE TABLE,

WHERE STEVE WITKOFF AND JARED KUSHNER WERE THERE AT THE 11TH

HOUR. I DON'T THINK ULTIMATELY THAT

WAS A REAL POSSIBILITY FOR THIS ADMINISTRATION.

PRESIDENT TRUMP WAS PRETTY CLEAR HE HAD MADE UP HIS MIND

THAT THERE WAS GOING TO HAVE TO BE A BIG MILITARY RECKONING,

WHICH IS WHAT WE ARE SEEING HERE.

THIS IS WHAT WE HAVE TO DO -- THIS HAS TO DO WITH THE

MISTRUST, WITH THE TRUSTWORTHINESS OF THE IRANIAN

REGIME AND I THINK THE VIEW, WHICH ISRAEL SHARED AND

OBVIOUSLY NETANYAHU WAS IN CONSTANT DISCUSSION WITH TRUMP

AS HE CONSIDERED HIS OPTIONS HERE, THAT EMPOWERED IRAN WITH

BALLISTIC MISSILE CAPABILITY, WITH THESE PROXIES THROUGH THE