This Weekend | Houthis Enter Middle East Conflict, DHS Fundinl, SpaceX, Anthropic Eye IPOs

>> COMING UP ON BLOOMBERG THIS WEEKEND, AMERICAN TROOPS INJURED AS A NEW REBEL GROUP ENTERS THE WAR IN THE S&P SLUMPS.

>> THEY HAVE TO OPEN UP THE STRAIT, THE STRAIT OF HORMUZ.

>> WHAT THE PRESIDENT AND SECRETARY OF STATE ARE SAYING ABOUT A TIMELINE.

>> NO DEAL ON THE DEPARTMENT OF HOMELAND SECURITY FUNDING.

>> CHAOS AT AIRPORTS THROUGHOUT THE LAND.

>> REPUBLICANS REJECT A BIPARTISAN BILL FROM THE SENATE.

>> I SPOKE TO THE PRESIDENT TWO MONTHS AGO AND HE UNDERSTANDS WHAT WE ARE DOING AND WHY.

>> WHAT IS NEXT AND WHEN TSA AGENTS WILL GET PAID.

>> TIGER WOODS RELEASED FROM JAIL AFTER A DUI ARREST AND ROLLOVER CRASH TWO WEEKS BEFORE.

HIS FUTURE IN GOLF.

>> WELCOME TO BLOOMBERG THIS WEEKEND FROM BLOOMBERG'S WORLD HEADQUARTERS IN NEW YORK. CHRISTINA: SATURDAY, MARCH 28.

WELCOME TO OUR LISTENERS AND VIEWERS ACROSS OUR BLOOMBERG PLATFORMS ON RADIO, TV, STREAMING. DAVID:

SATURDAY AND SUNDAY AT 7:00 WALL STREET TIME WITH THE NEWS, ANALYSIS, GREAT GUESTS, AND HEADLINES.

FOR THOSE WE TURN TO LISA MATEO. LISA:

THE SHUTDOWN DRAGGING ON AFTER HOUSE REPUBLICANS REJECT A FUNDING DEAL AND APPROVE A DIFFERENT PLAN.

THE DEAL THAT THEY REJECTED WAS CUT BY THEIR OWN SENATE GOP COUNTERPARTS. THE NEW PLAN IS AN EIGHT WEEK

COUNTERPARTS. THE NEW PLAN IS AN EIGHT WEEK MEASURE TO TEMPORARILY FUND THE ENTIRE DEPARTMENT OF HOMELAND SECURITY. BOTH CHAMBERS OF CONGRESS ARE

SECURITY. BOTH CHAMBERS OF CONGRESS ARE ON A TWO-WEEK RECESS. PRESIDENT DONALD TRUMP ISSUED AN ORDER ON FRIDAY TO USE PRE-EXISTING FUNDS TO PAY TSA AGENTS. DHS SAID THEY WOULD START AS

AGENTS. DHS SAID THEY WOULD START AS EARLY AS MONDAY. MIKE JOHNSON BLAMING DEMOCRATS EARLIER YESTERDAY. REP. JOHNSON: REPUBLICANS ARE NOT GOING TO BE

EARLIER YESTERDAY. REP. JOHNSON: REPUBLICANS ARE NOT GOING TO BE ANY PART OF ANY EFFORT TO REOPEN OUR BORDERS OR STOP IMMIGRATION ENFORCEMENT. THE SENATE DEMOCRATS HAVE

IMMIGRATION ENFORCEMENT. THE SENATE DEMOCRATS HAVE LISTED UPON THIS PROCESS THEIR RADICAL, CRAZY AGENDA.

WE CALL IT CRAZY BECAUSE THAT IS WHAT IT IS.

THEY WANT TO REOPEN THE BORDERS AND STOP THE DEPORTATION OF DANGEROUS CRIMINAL ILLEGAL ALIENS. LISA:

THE WAR IN IRAN, THE WHO THESE -- THE HOUTHIS ENTER THE WAR.

IRAN'S AGENCY REPORTING MULTIPLE AREAS IN EAST TEHRAN WERE STRUCK TODAY. AT LEAST 10 U.S.

TROOPS HAVE BEEN INJURED IN A MISSILE STRIKE ON A SAUDI AIR BASE. THE AP UPS THAT NUMBER TO 15

BASE. THE AP UPS THAT NUMBER TO 15 AFTER THE U.S. AND ISRAEL BOUND NUCLEAR IN STEEL FACILITIES. PRESIDENT TRUMP SAID THE U.S.

STEEL FACILITIES. PRESIDENT TRUMP SAID THE U.S.

HAS THOUSANDS OF IRAN TARGETS LEFT. PRES. TRUMP:

WE ARE JUST GOING AFTER TARGETS. THEY HAVE NO ANTIAIRCRAFT, SO WE ARE JUST FLOATING OVER THE TOP LOOKING FOR WHATEVER WE WANT.

WE HAVE ANOTHER 3554 TARGETS LEFT AND IT WILL BE DONE PRETTY QUICKLY. AT SOME POINT WE WILL HAVE TO

QUICKLY. AT SOME POINT WE WILL HAVE TO DETERMINE WHAT WE DO. LISA: THE LATEST ESCALATION CAME AS PRESIDENT TRUMP PUSHED BACK HIS DEADLINE FOR IRAN TO AGREE TO REOPEN THE STRAIT OF HORMUZ ARE FACED STRIKES ON POWER PLANTS.

STOCKS FELL TO THEIR LOWEST LEVEL IN MORE THAN SEVEN MONTHS.

BRENT CRUDE ROSE 4% TO END ABOVE 112 DOLLARS A BARREL.

ORGANIZERS BEHIND THE NO KINGS WERE CAST ARE FORECASTING THEIR BIGGEST SHOWING AGAINST POLICIES OF PRESIDENT TRUMP.

MORE THAN 3000 EVENTS ARE PLANNED IN CITIES ACROSS THE U.S. AND SEVERAL MORE PLANNED ABROAD

U.S. AND SEVERAL MORE PLANNED ABROAD IN PLACES LIKE MEXICO AND CANADA.

DAVID AND CHRISTINA, WE WILL KEEP YOU UPDATED. CHRISTINA:

THOSE ARE HAPPENING LATER THIS AFTERNOON SO I'M SURE WE WILL HAVE A LOT TO TALK ABOUT WHEN WE ARE BACK HERE TOMORROW.

DAVID: RIGHT NOW THOUSANDS OF U.S.

TROOPS ARE MAKING THEIR WAY TOWARDS THE MIDDLE EAST.

SECRETARY RUBIO IS TELLING REPORTERS THIS. THE GLOW RUBIO: I DON'T CARE WHAT IRAN SAYS. THEY MAKE MISSILES AND ROCKETS AND DRONES. WE WILL DESTROY THEIR NAVY AND

AND DRONES. WE WILL DESTROY THEIR NAVY AND AIR FORCE AND WE WILL SIGNIFICANTLY DESTROY THEIR MISSILE LAUNCHERS SO THEY CAN NEVER HIDE BEHIND THESE THINGS TO GET A NUCLEAR WEAPON. WE ARE ACHIEVING ALL OF THOSE OBJECTIVES. WE ARE AHEAD OF SCHEDULE ON

OBJECTIVES. WE ARE AHEAD OF SCHEDULE ON MOST OF THEM AND CAN ACHIEVE THEM WITHOUT ANY GROUND TROOPS.

CHRISTINA: IT COMES AS AT LEAST 10 U.S.

SOLDIERS WERE WOUNDED IN AN IRANIAN ATTACK ON A SAUDI AIR BASE. THE ATTACK ALSO DAMAGED AT LEAST TWO AIRCRAFT.

BASE. THE ATTACK ALSO DAMAGED AT LEAST TWO AIRCRAFT.

THIS COMES ALSO OVERNIGHT. WE HAVE REPORTS ON THE UAE OF SIX PEOPLE BEING INJURED WHEN FALLING DEBRIS CAUSED FIRES IN AN INDUSTRIAL HUB AND A DRONE ATTACK DAMAGED A RADAR SYSTEM AT KUWAIT NATIONAL AIRPORT. DAVID:

IN CONTEXT OF WHAT WE HEARD FROM PRESIDENT TRUMP IN AN EVENT FROM MIAMI TALKING ABOUT THE 3500 54 TARGETS DOVETAILING WITH THE WAR NEARLY FINISHED AND THAT HE HAS A LOT OF DETERMINISM , THAT IS IN THE STARKEST RELIEF THIS SATURDAY MORNING. IS THE PRESIDENT RECKONING WITH

MORNING. IS THE PRESIDENT RECKONING WITH THE FACT THAT HE MAY NOT HAVE AS MUCH DETERMINISM TO END THIS CONFLICT AS HE THINKS HE MIGHT? GOING BACK TO WHEN HE POSTPONED ONCE AGAIN THE DEADLINE BY WHICH IRAN WOULD HAVE TO COME TO THE TABLE AND MAKE A DEAL. ALLOWING THEM SOME WIGGLE ROOM.

SAYING THE EFFORT ON HIS PART TO ATTACK POWER PLANT IS EFFECTIVELY PAUSED. WE SAW ISRAEL ATTACKING A

EFFECTIVELY PAUSED. WE SAW ISRAEL ATTACKING A NUCLEAR SITE YESTERDAY. IT LAID BARE THE LIMITS OF HIS POWER TO DETERMINE WHERE THE WAR IS GOING. CHRISTINA:

IT ALSO PUTS INTO SITE THE LACK OF A CLEAR OBJECTIVE FROM THE BEGINNING FROM THIS PRESIDENT BECAUSE IT HAS MOVED.

HE HAS HAD TO MOVE DEADLINES AND OPERATIONAL FORCES.

THERE IS AT PLAY THE MESSAGING FROM THE WHITE HOUSE FROM THE BEGINNING, GOING BACK TO LAST SUMMER WHEN THE TRUMP ADMINISTRATION STRUCK IRAN'S NUCLEAR SITES AND SAID THAT THEY HAD BEEN DECIMATED, ALL BUT OBLITERATED, THAT MESSAGE HAS CHANGED. SAYING THE REASON FOR THE

HAS CHANGED. SAYING THE REASON FOR THE CONFLICT, THE REASON THE U.S. NEEDED TO GO IN WAS THOUGH THAT IRAN DIDN'T HAVE A NUCLEAR WEAPON.

THE PRESIDENT KEEPS SAYING THAT THEY HAVE OBLITERATED IRAN'S MILITARY, BUT THAT DOESN'T MEAN THEY OBLITERATED THEIR ABILITY TO STRIKE BACK AS WE SAW OVERNIGHT.

IT WAS UNCLEAR FROM THE BEGINNING HOW MANY MUNITIONS, MISSILES, ROCKETS IRAN HAD. THAT WAS ALWAYS SOMETHING THEY WANTED NEGOTIATED ALONGSIDE A NUCLEAR AGREEMENT.

IT IS CLEAR THAT THEY CAN HARM AMERICAN FORCES AND INFRASTRUCTURE THROUGHOUT THE REGION AND HURT AMERICAN ALLIES.

DAVID: YOU BRING UP MISSION AND RATIONALE.

SECRETARY RUBIO AT THE END OF LAST WEEK, HE ATTENDED FOR ONE DAY OF A SEVERAL DAY LONG SUMMIT THAT TOOK PLACE IN FRANCE. IN HIS REMARKS TO REPORTERS ON

FRANCE. IN HIS REMARKS TO REPORTERS ON THE TARMAC SURROUNDING THE EVENT HE WAS ADAMANT THAT THE MISSION IS CLEAR. YOU COULD ALMOST SENSE HIS FRUSTRATION. HE FEELS THE ADMINISTRATION HAS

FRUSTRATION. HE FEELS THE ADMINISTRATION HAS LAID OUT THE RATIONALE. I DON'T KNOW IF YOU CUT THIS AS WELL. SO MUCH OF THAT FOCUSED ON THE

WELL. SO MUCH OF THAT FOCUSED ON THE MILITARY SIDE. THERE WAS NO TALK OF REGIME

MILITARY SIDE. THERE WAS NO TALK OF REGIME CHANGE FROM THE SECRETARY OF STATE.

IT WAS DEALING WITH A NUCLEAR PROGRAM AND BALLISTIC MISSILES.

FROM WHAT YOU WERE SAYING, THIS HAS EXPANDED AND WIDENED SO MUCH THAT SEEMS ALMOST QUAINT IN CONTEXT OF HOW WIDE THE WAR HAS GOTTEN. CHRISTINA: SOME OF THAT MIGHT BE GIVEN THE

HAS GOTTEN. CHRISTINA: SOME OF THAT MIGHT BE GIVEN THE LACK OF DESIRE FOR THAT IN EUROPE SINCE HE WAS COMING OFF OF WHAT APPEARS TO BE REPORTEDLY A CONTENTIOUS G7 WHERE HE HAD A RUN IN AT THE EU ACCORDING TO AXIOS.

SAYING YOU KEEP SAYING YOU TALK TOUGH ABOUT RUSSIA, WHEN ARE YOU GOING TO MAKE IT HAPPEN? AND HOW THE CONFLICT IN IRAN WILL IMPACT THE CONFLICT IN UKRAINE WITH THE BANDWIDTH, MONEY, AND RESOURCES. MONEY EARMARKED FOR UKRAINE, ONE ISSUE AT THE G7 WAS LEADERS FROM GERMANY TO THE EU TO THE BALTICS SAYING WE WANT TO MAKE SURE THIS MONEY, FUNDS, AND

MUNITIONS EARMARKED FOR UKRAINE, WHICH NEEDS THE INTERCEPTORS DON'T GET DIVERTED TO THE U.S.

-- DON'T GET DIVERTED TO THE MIDDLE EAST. DAVID:

WE WILL DIG INTO THAT MORE WITH THE FORMER U.S.

AMBASSADOR TO UKRAINE. BEFORE WE GET THERE I WANT TO BRING THE -- BRING ABEER ABU OMAR.

WE TALKED ABOUT THE WAR HAS WIDENED.

WE HAVE SEEN THE AGITATION ACROSS THE GULF, THE DOUBT OF THE COURSE OF IT AND WITH THE U.S.'S ROLE WILL BE GOING FORWARD. GET US UP TO SPEED OVER THE

FORWARD. GET US UP TO SPEED OVER THE LAST 24 HOURS. ABEER: GOOD MORNING.

MENTIONING THE WORD WIDENED IS CORRECT.

THE HOUTHIS RETURNED THE LAST AXIS OF RESISTANCE, ITS PROXIES IN THE REGION THAT HAS NOT JOINED THE WAR, AND NOW THEY HAVE TAKEN AN ACTIVE PART ATTACKING ISRAEL.

SAYING THAT IT WILL CONTINUE THOSE ATTACKS UNLESS THE STRIKES AGAINST IRAN STOP. THIS WIDENS THE PARAMETERS OF THIS CONFLICT IN THE REGION. THEY ARE OBVIOUSLY NOT AS CAPABLE AS IRAN. THEY ARE BACKED BY IRAN BUT THEY'VE PROVEN TO HAVE CAUSED CHAOS IN THE REGION BEFORE.

2022 IS WHEN THEY ATTACKED ABU DHABI, KILLING SOME PEOPLE.

THEY HAVE LAUNCHED ATTACKS ON SAUDI, THE SAUDI ARAMCO FACILITY IN THE EARLY 20 20'S CAUSING MAJOR HALTS IN PRODUCTION.

THEY ARE SAYING THEY HAVEN'T SAID YET THEY WILL ATTACK ANY OF THE RED SEA TANKERS BUT THEY HAVE IN THE PAST. IF THEY DO THAT THIS TIME AROUND THIS BECAUSE AS YET POSSIBLY ANOTHER HEADACHE FOR OIL PRICES BECAUSE SAUDI ARABIA HAS DIVERTED SOME

EXPORTS THROUGH THE RED SEA, A NEW SORT OF HORIZON THAT HAS OPENED UP SINCE THE STRAIT OF HORMUZ HAS BEEN EFFECTIVELY CLOSED OVER THE PAST MONTH OR SO.

IF THE HOUTHIS ATTACK TANKERS IN THE RED SEA, THAT CAUSES YET ANOTHER HEADACHE FOR OIL PRICES. WILL WE SEE BRENT GO ABOVE $112 IF THAT HAPPENS? POSSIBLY. THE ATTACKS INTO THE GULF AND

ACROSS ISRAEL HAVE BEEN CONTINUING WITH THE UNITED ARAB EMIRATES, KUWAIT, AND THE MEDIATOR. CHRISTINA:

WHY NOW AND WHAT CAPABILITIES DO THEY HAVE?

THEY HAVE BEEN INVOLVED IN THIS LONG WAR IN YEMEN.

HOW MUCH DAMAGE CAN THEY DO AND FOR HOW LONG? ABEER:

NOT JUST THE WAR IN YEMEN. THEY WERE PART OF THE WAR BETWEEN HAMAS AND ISRAEL IN 2023 POST OCTOBER 7.

WHAT WE KNOW IS THAT THE REGIME IN TOTAL, INCLUDING THE AXIS OF RESISTANCE, INCLUDING HEZBOLLAH IN LEBANON, HAS BEEN SIGNIFICANTLY WEAKENED. BUT DESPITE THAT, THIS REGIME

SIGNIFICANTLY WEAKENED. BUT DESPITE THAT, THIS REGIME AND ITS PROXIES HAVE BEEN ABLE TO COUNTER THOSE U.S.

STRAKES AND THE U.S.-ISRAELI ATTACKS THAT HAVE BEEN GOING ON SINCE LATE FEBRUARY. WE DON'T KNOW WHAT THE CAPABILITIES THAT THE HOUTHIS HAVE NOW OR HOW MUCH IS REMAINING OF THOSE CAPABILITIES THEY HAVE, BUT WE KNOW THEY HAVE BEEN ABLE TO ATTACK. THEY HAVE PROMISED OR VOWED THAT THEY WILL CONTINUE THOSE ATTACKS UNLESS ISRAEL AND THE

U.S. STOP. THAT IS SOMETHING WE WILL

U.S. STOP. THAT IS SOMETHING WE WILL MONITOR OVER THE NEXT COUPLE OF WEEKS.

PRESIDENT TRUMP'S DEADLINE FOR NEGOTIATIONS IS COMING UP APRIL 6, THE EXTENDED DEADLINE HE HAS GIVEN IRAN.

IRAN HAS REJECTED THE 15-4 PROPOSAL THAT ESSENTIALLY MEANS THE U.S. WOULD ASK IRAN TO DISMANTLE

THE U.S. WOULD ASK IRAN TO DISMANTLE THEIR NUCLEAR PROGRAM IN RETURN FOR SOME SANCTIONS RELIEF.

WE CONTINUE TO WAIT AND SEE WHAT HAPPENS BY THE BEGINNING OF NEXT WEEK, BUT IT LOOKS LIKE THIS CONFLICT ISN'T ENDING ANYTIME SOON. DAVID:

ANYTIME SOON. DAVID: APRIL 6, 8:00 P.M., 3:00 A.M. TEHRAN TIME.

THAT IS WHAT THE PRESIDENT SAID. YOU WERE IN THE ROOM FOR THAT SPEECH AT THE CONFERENCE THAT WAS ARRANGED BY THE SAUDI PRIVATE INVESTMENT FUND. LET ME ASK ABOUT, YES, THE WAR HAS WIDENED GEOGRAPHICALLY AND WE HAVE SEEN THE FALLOUT THROUGH MARKETS WIDENED AS WELL. YESTERDAY WAS A CRYSTALLINE EXAMPLE. WE SEE THE NASDAQ AND CORRECTION TERRITORY, THE DOW

EXAMPLE. WE SEE THE NASDAQ AND CORRECTION TERRITORY, THE DOW FOLLOWING SUIT, BRENT OVER 110 DOLLARS A BARREL.

IT SEEMS LIKE THERE IS INCREASING AGITATION, INVESTORS THINKING MORE ABOUT THE DURATION VARIABLE WHICH HAS BEEN AMORPHOUS AND NOT CHEERED BY WHAT THE PRESIDENT HAS SAID ABOUT HOW LONG THE WAR WILL LAST. INDEED, THE CONSTANCY WITH WHICH HE HAS MOVED THE DEADLINE BACK. THALIA:

DONALD TRUMP IN ADDITION TO ALL THE TALK ABOUT IRAN AND CRITICIZING EUROPEAN LEADERS NOT SUPPORTING HIM COME HE TALKED A LITTLE ABOUT THE STOCK MARKET.

HE WAS TALKING ABOUT HOW U.S. INDEXES REACHED RECORDS LAST YEAR. WAS THAT OUT TO ME AS HE THOUGHT WE WOULD SEE A BIGGER

YEAR. WAS THAT OUT TO ME AS HE THOUGHT WE WOULD SEE A BIGGER DROP IN STOCKS. HE SAID THAT HE EXPECTED OIL PRICES WOULD GO HIGHER. I DON'T KNOW WHAT TO MAKE OF THIS STATEMENT. MAYBE WE ARE STILL FAR FROM

THIS STATEMENT. MAYBE WE ARE STILL FAR FROM RECORD HIGH PRICES AND THE ENERGY SPACE.

HE DID NOT SAY ANYTHING ABOUT THE STEEP LOSSES AND ANXIETY THAT WE SEE ACROSS INVESTORS RIGHT NOW.

HE SAID WHEN THE WAR ENDS, THE U.S. STOCK MARKET WOULD BE A "ROCKETSHIP" AND ENCOURAGED INVESTORS TO KEEP INVESTING IN THE UNITED STATES.

OVERALL, HE WAS PRETTY BULLISH ON THE U.S.

STOCK MARKET AND U.S. ECONOMY. CHRISTINA:

WE HAVE SOME SOUND OF THE PRESIDENT FROM THAT MEETING WHERE HE TALKS ABOUT THE STRAIT AND HOW HE WILL APPROACH THAT.

PRES. TRUMP: THERE WERE EIGHT SHIPS OF OIL COMING OUT OF IRAN, AND THEN THEY SAID WE WILL ADD AN EXTRA TWO. THEY ADDED AN EXTRA TWO. WE HAD 10 SHIPS.

TWO. THEY ADDED AN EXTRA TWO. WE HAD 10 SHIPS.

PEOPLE REALIZED WE WERE NEGOTIATING.

WE ARE NEGOTIATING NOW, AND IT WOULD BE GREAT IF WE COULD DO SO, BUT THEY HAVE TO OPEN UP.

THEY HAVE TO OPEN UP THE STRAIT OF TRUMP. CHRISTINA:

WE HAVE A GULF OF MEXICO, GULF OF AMERICA, STRAIT OF TRUMP, NOMENCLATURE A SIDE WE WILL SPEAK LATER WITH THE SECRETARY GENERAL FOR THE YUAN INTERNATIONAL MARITIME ORGANIZATION'S TALKING ABOUT THE COMPLICATIONS OF TRYING TO FREE UP TRAFFIC IN THE STRAIT. DO WE HAVE UPDATES ON THE NEGOTIATIONS AND THE FLOW OF TRAFFIC AND OF ANY REGIONAL

ALLIES ARE MAKING PROGRESS OR THE U.S.

FOR ESCORTS THROUGH THE STRAIT?

ABEER: THE SIX COUNTRIES, IRAN'S NEIGHBORS, A FERRY RIDE FROM THE PORT OF IRAN THEY ARE FRUSTRATED WITH IRAN'S ATTACK AND THE U.S. ADMINISTRATION. THEY SAY THEY DON'T WANT THE TRUMP ADMINISTRATION TO REACH A DEAL WITH IRAN THAT DOES NOT PROMISE LONG-TERM OR SUSTAINABLE LACK OF FURTHER

ATTACKS ON THE REGION. CHRISTINA, THIS IS THE FIRST TIME IRAN HAS EVER DIRECTLY ATTACKED THOSE COUNTRIES.

YOU HAVE THE BIGGEST TWO, SAUDI ARABIA AND THE UNITED ARAB EMIRATES, THAT HAVE SECRETLY VOICED THEIR FRUSTRATION AGAINST THE UNITED STATES, SAYING THAT POSSIBLY THAT REALITY ABILIT -- THE RELIABILITY OF SECURITY, AIR BASES IN THE REGION, IS FALLING INTO QUESTION.

THIS IS SOMETHING THAT I'VE SPOKEN TO WITH A LOT OF UAE OFFICIALS WHEN THE 12-DAY WAR WAS HAPPENING LAST YEAR, WHEN THEY SAID THEY ARE AFRAID OF IRAN CROSSING THOSE RED LINES.

THAT PUTS THE RELATIONSHIP WITH THE UNITED STATES IN QUESTION.

THEY ARE NOT GOING TO COME OUT AND VERBATIM SAY THAT THEY ARE FRUSTRATED WITH THE UNITED STATES, BUT THAT IS SOMETHING THAT THEY DISCUSS SECRETLY. WHEN IT COMES TO OIL AND NEGOTIATIONS, WE KNOW THAT A LOT OF COUNTRIES, INCLUDING THE UAE, HAVE DIVERTED TRAFFIC THROUGH A PORT THAT IS 80 MILES

AWAY FROM IRAN. DAVID:

DURING THE SPEECH OF THE PRESIDENT ALSO TALKING ABOUT CUBA, A FUNNY WAY OF MAKING AN ALLOWANCE WHERE HE SAID THAT CUBA IS NEXT BUT MEDIA DON'T REPORT THAT.

AT THIS MOMENT, THE PRESIDENT IS DEALING WITH THE RAMIFICATIONS OF THIS WIDENING MORE STILL MAKING WAVES TALKING ABOUT CUBA AS WELL. CHRISTINA: GOT TO THINK THAT IS AN IMPORTANT ISSUE FOR MARCO RUBIO WHO WAS WEARING MANY HATS.

HE IS STILL THE NSE DIRECTOR. THERE IS A LOT GOING ON.

WE WILL TALK ABOUT IT. FIRST, A HOUSE AND SENATE DIVIDED OVER FUNDING FOR THE DEPARTMENT OF HOMELAND SECURITY.

THE LONGEST PARTIAL GOVERNMENT SHUTDOWN AND HISTORY.

WE WILL TALK WITH A TSA AGENT WHO HAS GONE WITHOUT PAY FOR WEEKS STRAIGHT AHEAD ON BLOOMBERG WEEKEND.. ♪

LISA: THANK YOU FOR JOINING US LIVE ON BLOOMBERG THIS WEEKEND, I AM LISA MATEO.

SECRETARY OF STATE MARCO RUBIO SAYS THAT THE WAR IN IRAN WILL TAKE WEEKS, NOT MONTHS. SEC. RUBIO:

WE WILL DESTROY THEIR NAVY, THEIR AIR FORCE, WE WILL BASICALLY DESTROY THEIR ABILITY TO MAKE MISSILES AND DRONES IN THEIR FACTORIES AND WE WILL SUBSTANTIALLY, DRAMATICALLY REDUCE THE NUMBER OF MISSILE LAUNCHERS SO THEY CAN'T HIDE BEHIND THESE THINGS TO BUILD A NUCLEAR WEAPON AND THREATEN THE WORLD. AS THE DEPARTMENT OF WAR HAS

WORLD. AS THE DEPARTMENT OF WAR HAS CONSISTENTLY OUTLINED WE ARE ON OR AHEAD OF SCHEDULE IN THAT OPERATION AND EXPECT TO CONCLUDE IT AT THE APPROPRIATE TIME, A MATTER OF WEEKS, NOT MONTHS. LISA:

RUBIO WAS SPEAKING OUTSIDE OF A G7 GATHERING IN FRANCE YESTERDAY. HE DIDN'T RULE OUT DIVERTING

YESTERDAY. HE DIDN'T RULE OUT DIVERTING WEAPONS MEANT FOR UKRAINE TO INSTEAD SUPPORT THE WAR AGAINST IRAN. PRESIDENT TRUMP IS PROMISING

IRAN. PRESIDENT TRUMP IS PROMISING SOME RELIEF FOR FARMERS THAT MAY BE IMPACTED BY THE WAR IN IRAN BUT ALSO TARIFFS AND OTHER CHALLENGES. PRES. TRUMP:

I'M ASKING CONGRESS TO QUICKLY PASS THE NEW FARM BILL AND TODAY I AM PROMISING TO REQUEST ADDITIONAL FORMERLY FOR OUR GREAT PATRIOTS IN THE NEXT FUNDING BILL SO WE HAVE YOU TAKEN CARE OF IN BOTH SENSES AND ARE PUSHING VERY HARD FOR THE NEW FARM BILL. LISA: THE PRESIDENT SPEAKING OUTSIDE THE WHITE HOUSE YESTERDAY. HE SAID THE LOAN GUARANTEES

WOULD COVER FARMERS AND FOOD SUPPLIERS INCLUDING VEGETABLE, GRAIN, SEAFOOD, CATTLE, PIGS, GROCERY WHOLESALERS, AND MORE.

A PRO-IRAN HACKING GROUP CLAIMS TO HAVE BREACHED KASH PATEL'S PERSONAL EMAIL INBOX AND POSTED SOME OF THE CONTENT ONLINE.

EMAILS INCLUDE TRAVEL DETAILS, CORRESPONDENCE WITH LEASING AGENTS AND ACCOUNT NUMBERS. THE FBI SAID THE INFORMATION IS HISTORICAL IN NATURE AND INVOLVES NO GOVERNMENT INFORMATION. DAVID:

INFORMATION. DAVID: THE TWO CHAMBERS OF CONGRESS AT AN IMPASSE OVER HOW TO FUND THE DEPARTMENT OF HOMELAND SECURITY AFTER A SERIES OF TWO LATE-NIGHT VOTES. THE HOUSE AND THE SENATE ARE

LATE-NIGHT VOTES. THE HOUSE AND THE SENATE ARE NOW ON EASTER RECESS. CHRISTINA: PRESIDENT TRUMP SIGNED A MEMO TO A TSA AGENT TO A VERDICT WITHOUT PAY FOR WEEKS NOW LEADING TO SPALLING LINES AT U.S. AIRPORTS.

JOINING US FROM WASHINGTON WE HAVE THE BLOOMBERG NEWS CONGRESSIONAL REPORTER. I APPRECIATE YOU GETTING UP.

CONGRESSIONAL REPORTER. I APPRECIATE YOU GETTING UP.

I SAW YOU SENDING NOTES LATE LAST NIGHT.

WE OFFERED TO SEND YOU COFFEE, BUT YOU SAID SHOCKINGLY YOU HAVE NEVER USED DOORDASH OR UBER EATS.

YOU CAN SEE BEHIND ME THE BOOK SO WE MADE OUR OWN BREAKFAST.

APPRECIATE IT, THOUGH. CHRISTINA:

THE SENATE PASSED A VERSION OF THIS WITH AN I.C.E. CARVEOUT.

IT WENT TO THE HOUSE AND WENT NOWHERE.

THE HOUSE DID SOMETHING THAT IS D.O.A. IN THE SENATE. UPDATE US.

>> AN EXTRAORDINARY BREACH BETWEEN HOUSE AND SENATE REPUBLICANS. JOHN THUNE CRACKED AT THE BILL

REPUBLICANS. JOHN THUNE CRACKED AT THE BILL OVERNIGHT FUNDING THE FULL DEPARTMENT OF HOMELAND SECURITY FOR THE FISCAL YEAR UNTIL OCTOBER EXCEPT FOR BORDER PATROL AND I.C.E. IMMIGRATION ENFORCEMENT

ACTIVITIES. THAT PASSED UNANIMOUSLY ON A VOICE VOTE. IN THE HOUSE IT WAS PROBABLY

VOICE VOTE. IN THE HOUSE IT WAS PROBABLY REJECTED BY THE HOUSE FREEDOM CAUCUS AND SPEAKER MIKE JOHNSON WHO WAS ALWAYS TRYING TO SHORE UP SUPPORT WITH THE DIFFERENT PARTS OF HIS CONFERENCE WENT ALONG WITH THE FREEDOM CAUCUS DEMAND TO REJECT THE SENATE BILL. THEY PASSED AN EIGHT-WE CONTINUING RESOLUTION FOR THE WHOLE DEPARTMENT BUT THAT FUNDS I.C.E. WITHOUT ANY NEW REFORMS THAT

I.C.E. WITHOUT ANY NEW REFORMS THAT THE DEMOCRATS HAVE DEMANDED. CHUCK SCHUMER SAID THAT THAT IS D.O.A.. THE STANDOFF CONTINUES. TRUMP HAS SIGNED THE MEMO

D.O.A.. THE STANDOFF CONTINUES. TRUMP HAS SIGNED THE MEMO PAYING TSA AGENTS AS SOON MONDAY SO THAT SHOULD ALLEVIATE THE LINES, BUT THERE ARE OTHER MEMBERS OF THE DEPARTMENT.

SECRET SERVICE, HUMAN TRAFFICKING, THE SECRETARY'S OFFICE, PEOPLE DOING COMMUNICATIONS, THERE ARE A LOT OF PEOPLE WHO WILL CONTINUE TO NOT GET PAID.

THIS IS OVER 40 DAYS NOW. THEY ARE GOING TO BE HELD HOSTAGE. I DON'T SEE THE SENATE AND

HOSTAGE. I DON'T SEE THE SENATE AND HOUSE COMING BACK DURING THE TWO WEEK RECESS AND I DON'T SEE A SOLUTION ANYTIME SOON. THE MAIN THING THEY WILL TRY TO DO IS A BUDGET RECONCILIATION BILL.

A MASSIVE PACKAGE SIMILAR TO THE TRUMP TAX BILL WHERE THEY PUT IMMIGRATION ENFORCEMENT MONEY.

THEY NEED REPUBLICANS TO UNITE. EVERYONE WANTS TO THROW THEIR THINGS IN. I TALKED TO A MEMBER WHO WANTS

THINGS IN. I TALKED TO A MEMBER WHO WANTS THE SALT DEDUCTION, OF ALL THINGS COME EXTENDED AGAIN.

THIS WILL BECOME A MASSIVE FOOD FIGHT AND THESE WORKERS WILL BE HELD HOSTAGE. THE PRESIDENT COULD TRY TO

HELD HOSTAGE. THE PRESIDENT COULD TRY TO POTENTIALLY ILLEGALLY PAY THE OTHER DHS WORKERS FROM THE FUND FOR BORDER SECURITY, BUT I DON'T SEE A SOLUTION ANYTIME SOON THAT'S PERMANENT. DAVID: YOU BRING UP THE PRESIDENT AND I WANT TO PLAY A LITTLE SOUND OF THE PRESIDENT IN MIAMI ABOUT WHAT HAS TRANSPIRED IN HIS RELATIONSHIP WITH THE

LEADERSHIP IN THE CONGRESS. PRES. TRUMP:

I UNDERSTAND JOHN THUNE AND I UNDERSTAND MIKE JOHNSON.

THEY WANT TO BE SURE THAT PEOPLE AREN'T COMING INTO OUR COUNTRY LIKE THEY HAVE FOR THE LAST FOUR YEARS.

I DON'T WANT TO SAY THEY RUINED IT.

THEY MADE MY JOB A LOT HARDER. DAVID:

THEY MADE MY JOB A LOT HARDER. THE PRESIDENT ON THE TARMAC TRAVELING TO THAT CONFERENCE. TALK ABOUT THE PRESIDENT'S ENGAGEMENT, NOT WITH THIS MEMO, FINDING A WAY TO PAY TSA WORKERS, BUT THE ISSUE MORE BROADLY AND EVEN MORE BROADLY THE WAY HE HAS BEEN INTERACTING WITH CONGRESS AND CONGRESSIONAL LEADERSHIP. ERIK: THAT WAS EXTRAORDINARY, ALMOST

LEADERSHIP. ERIK: THAT WAS EXTRAORDINARY, ALMOST LIKE TRUMP WAS PLAYING PEACEMAKER BETWEEN FEUDING HOUSE AND SENATE LEADERS. SOMETHING I'M SURE HE WOULD ENJOY AS HE IS STILL QUESTING AFTER THE NOBEL PEACE PRIZE.

IT IS EXTRAORDINARY THAT SPEAKER JOHNSON CALLED WHAT JOHN THUNE DID A JOKE AND RIDICULOUSNESS.

WE ASKED ABOUT IT AND HE TRIED TO SIDESTEP IT WHO SAID IT WAS CHUCK SCHUMER WHO ENGINEERED THIS. WE WILL SEE WHAT LONG-TERM CONSEQUENCES THAT THIS RIFT WILL BE.

CAN THEY DO THE NEW TAX AND SPENDING BILL.

WILL THEY BE ABLE TO UNITE IN A MIDTERM MESSAGE?

THE TENSION BETWEEN THE TWO CHAMBERS IS EXTRAORDINARY.

THE IMMIGRATION ISSUE WAS HISTORICALLY ONE OF TRUMP'S STRONG SUITS. THE AMERICAN PUBLIC GENERALLY

STRONG SUITS. THE AMERICAN PUBLIC GENERALLY WANTS STRONGER BORDERS. WHAT HAPPENED IN MINNESOTA WITH I.C.E. ENFORCEMENT, THE CHAOS, THE

I.C.E. ENFORCEMENT, THE CHAOS, THE PRACTICES, IT WEEKEND HIS POPULARITY AND GAVE DEMOCRATS THE OPENING TO DEMAND THESE CHANGES. THERE WAS A SMALL PRESS CONFERENCE BARELY ATTENDED BY THE MEDIA OF BRIAN FITZPATRICK AND TOM SUOZZI, TWO MEMBERS OF THE PROBLEM SOLVERS CAUCUS AND

THEY HAVE AN INTRIGUING IDEA TO PASS SOME OF THESE REFORMS. A CONGRESS THAT IS MORE OPEN WOULD PROBABLY EMBRACE SOMETHING LIKE THAT BUT IT IS SUCH A LONG SHOT.

THEY'RE EVEN TALKING ABOUT A DISCHARGE LONGSHOT PETITION TO GET THIS DONE, BUT CONGRESS IS NOWHERE NEAR GRAPPLING WITH THIS. IF THE PUBLIC WERE TO BE CONSULTED, THEY WOULD WANT TO

THIS. IF THE PUBLIC WERE TO BE CONSULTED, THEY WOULD WANT TO SOME CHANGES TO I.C.E., MAYBE NOT HAVING MASKED AGENTS BEING ABLE TO GO WILLY-NILLY INTO PEOPLE'S HOMES. DAVID:

THANK YOU COME APPRECIATE YOU JOINING US ON SATURDAY MORNING EARLY. CHRISTINA: AND IT IS A TRULY EXCELLENT

EARLY. CHRISTINA: AND IT IS A TRULY EXCELLENT BOOKSHELF. WE WANT TO BRING IN A TSA

BOOKSHELF. WE WANT TO BRING IN A TSA WORKER IN LAS VEGAS AND THE NEVADA UNION REPRESENTATIVE.

I WANT TO CHECK IN ON YOU. HOW ARE YOU DOING?

YOU HAVE KIDS. I CAN'T IMAGINE HOW TOUGH IT HAS BEEN MISSING A PAYCHECK. BRING US UP-TO-DATE ON HOW YOU'RE DOING AND WHAT YOUR FRUSTRATIONS ARE.

>> DEFINITELY VERY FRUSTRATED. WE ARE INCREDIBLY THANKFUL THAT TRUMP CUT OUT THE EXECUTIVE ORDER THAT WE ARE SUPPOSEDLY START TO BE PAID ON MONDAY. WE ARE SUPPOSED TO GET BACK PAY ONLY. NOTHING CONTINUING ON. WHILE WE ARE THANKFUL AND

ONLY. NOTHING CONTINUING ON. WHILE WE ARE THANKFUL AND GRATEFUL WE WILL SUPPOSEDLY BE GETTING THAT, IT IS A TEMPORARY BAND-AID BECAUSE WE WILL NOT BE PAID FROM HERE ON OUT.

IT IS JUST OUR BACK PAY. WE ARE JUST RESETTING THE CLOCK.

DAVID: WHAT HAS THE CONVERSATION THEN LIKE BETWEEN YOU AND YOUR COLLEAGUES?

WE'VE SEEN THE NUMBERS OF THOSE WHO DECIDED TO QUIT OR HAVEN'T BEEN TO WORK BECAUSE THEY HAVEN'T BEEN GETTING PAYCHECKS.

HOW YOU TALKED WITH YOUR COLLEAGUES ABOUT HOW THIS HAS GONE ON AND WHAT IT SAYS ABOUT THE STATE OF THE GOVERNMENT AND AGENCY? JILL: IT IS FRUSTRATING BECAUSE THIS

AGENCY? JILL: IT IS FRUSTRATING BECAUSE THIS IS THE THIRD TIME THIS HAS HAPPENED IN FIVE MONTHS AND BECAUSE IT KEEPS HAPPENING. WE ARE WONDERING WHAT THAT MEANS FOR THE FUTURE OF OUR AGENCY.

PRIVATIZATION HAS BEEN THROWN OUT A LOT.

IT IS BEEN TALKED ABOUT MORE. THE FACT THAT THEY ARE SO EASILY ABLE TO SHUT US DOWN WE ARE WORRIED ABOUT OUR JOBS IN THE FUTURE. CHRISTINA: IS THERE ANY CONCERN ABOUT THIS

THE FUTURE. CHRISTINA: IS THERE ANY CONCERN ABOUT THIS IMPACTING THE SAFETY OF THE FLYING PUBLIC?

I KNOW THE WORKERS ON THE JOB ARE DOING THEIR ABSOLUTE BEST.

ABOUT 40% OF WORKERS HAVE CALLED IN SICK ACCORDING TO THE AP. THERE ARE ABOUT 500 TSA WORKERS

AP. THERE ARE ABOUT 500 TSA WORKERS WHO HAVE QUIT DUE TO LACK OF PAYMENT AND FRUSTRATION.

AT SOME POINT WILL THIS IMPACT SAFETY, OR ARE WE THERE ALREADY?

JILL: I DON'T THINK SAFETY WILL BE AFFECTED BECAUSE WE STILL HAVE OUR VERY DEDICATED OFFICERS ON THE JOB SERVING THE PUBLIC. HOWEVER, LINES WILL CONTINUE TO GO UP THE MORE THAT WE LOSE OFFICERS AND THE MORE THAT PEOPLE HAVE CALLED OUT. IT WILL TAKE LONGER.

PEOPLE END UP MISSING THEIR FLIGHTS MORE BECAUSE OF IT.

DAVID: WHAT HAS IT BEEN LIKE HAVING I.C.E. AGENTS DEPLOYED IN THE AIRPORTS?

I.C.E. AGENTS DEPLOYED IN THE AIRPORTS?

WHEN THAT WAS FIRST ANNOUNCED WAS WHAT WOULD THAT LOOK LIKE?

ARE THEY DOING WORK THAT YOU AND YOUR COLLEAGUES DO, WORKING ALONGSIDE YOU? ON A GRANULAR LEVEL, WHAT HAS

ALONGSIDE YOU? ON A GRANULAR LEVEL, WHAT HAS IT BEEN LIKE HAVING THEM IN AIRPORTS? JILL:

WE HAVEN'T HAD THEM IN LAS VEGAS BECAUSE OUR LINES ARE NOT THAT LONG. BECAUSE THEY HAVEN'T BEEN

THAT LONG. BECAUSE THEY HAVEN'T BEEN TRAINED TO DO OUR JOBS, I DON'T KNOW HOW MUCH HELP THEY WOULD BE. THEY WOULD BE DELEGATED TO

BE. THEY WOULD BE DELEGATED TO ROLES IN THE QUEQUE, PUSHING IT AROUND, HELPING PASSENGERS DIVEST ITEMS FROM THEIR BAGS. I DON'T KNOW HOW HELPFUL THEY WOULD BE A BECAUSE THEY AREN'T TRAINED TO DO OUR JOBS LIKE WE ARE SO THEY CAN'T HELP PASSENGERS DIVEST ITEMS FROM

THEIR BAGS SO LEADING TO MORE BAD CHECKS ON OUR END WHEN WE ARE SCREAMING THE LUGGAGE. CHRISTINA: WE ARE SEEING I.C.E.

AGENTS IN THE AIRPORT MOSTLY USHERING TRAFFIC THROUGH -- I DON'T KNOW, THE DISNEY WORLD-STYLE ROPE LINES WE HAVE TO GO THROUGH SO MUCH OF OUR LIVES.

CAN YOU TELL US HOW LONG YOU'VE BEEN WITH TSA?

IT IS A TOUGH JOB. PEOPLE AT AIRPORTS ARE CRANKY.

I ALWAYS TRY TO BE NICE. DAVID: FOR SURE.

CHRISTINA: I AM NICE, JUST NOT TO YOU.

I LOVE TSA AGENTS IN A NICE TO YOU. IT TAKES SKILL AND IT TAKES PATIENTS, AND I WOULD IMAGINE -- IT TAKES PATIENCE, AND I WOULD A MATCHING ADDING THIS TO A JOB WHERE PEOPLE GO TO LOOK FOR SECURITY IN THEIR LIVES, THE DESIRE TO DO THIS JOB AND RECRUITMENT, DO YOU HAVE CONCERNS LONG-TERM ABOUT PEOPLE WANTING TO BE YOUR STAY TSA AGENTS? JILL: DEFINITELY.

I HAVE BEEN WITH TSA FOR ALMOST THREE YEARS NOW.

THIS IS MY FIRST REAL EXPERIENCE GOING THROUGH THIS.

IT IS LIKE WE ARE LIVING IN A TWILIGHT ZONE.

IT IS CRAZY TO ME THIS IS HAPPENING.

I DID NOT EXPECT THIS WOULD HAPPEN WHEN I SIGNED ON TO FEDERAL SERVICE THREE YEARS AGO. I BELIEVED THAT THIS WOULD BE A NICE, SAFE, SECURE JOB FOR ME. I THOUGHT IT WAS A GREAT OPPORTUNITY. WITH RECRUITMENT, I BELIEVE

OPPORTUNITY. WITH RECRUITMENT, I BELIEVE PEOPLE WILL BE COMING IN AND THEY WILL BE COGNIZANT OF THE FACT THAT, YES, THIS IS AN AGENCY THAT CAN BE SHUT DOWN VERY EASILY. I DON'T KNOW THAT WE WOULD GET

VERY EASILY. I DON'T KNOW THAT WE WOULD GET THE HIGHEST QUALITY PEOPLE WE NORMALLY WOULD HAVE BECAUSE OF THAT. DAVID: YOU BROUGHT UP THE SPECTER OF

THAT. DAVID: YOU BROUGHT UP THE SPECTER OF PRIVATIZATION A MOMENT AGO. I'M SURE YOU HAVE NOTICED EDITORIALS, NEWSPAPERS, ARTICLES BEING WRITTEN ABOUT HOW IT SOME AIRPORTS THAT HAVE PRIVATE SECURITY THERE HAVE NOT BEEN THESE LINES. THERE IS AN EFFORT TO MAKE IT SEEM LIKE THAT MIGHT BE THE SOLUTION GOING FORWARD.

I'M CURIOUS HOW WORRIED THAT MAKES YOU.

YOU BEING A REPRESENTATIVE OF YOUR UNION.

WHAT YOU ARE DOING TO MAKE THE CASE THAT THEY SHOULD NOT BE THE ROUTE THIS COUNTRY SHOULD GO DOWN. JILL:

PRIVATIZATION WILL BE A FOR-PROFIT MODEL.

I DON'T BELIEVE THE AVIATION SECURITY SHOULD EVER BE A FOR-PROFIT MODEL. THE BEAUTY OF IT BEING A

FOR-PROFIT MODEL. THE BEAUTY OF IT BEING A FEDERAL PROGRAM IS THAT YOU AREN'T THERE TO MAKE MONEY.

YOU ARE THERE TO SCREEN PASSENGERS AND SHARE THE HIGHEST LEVELS OF SECURITY. THAT IS MY BIGGEST FEAR WITH GOING PRIVATE THAT THE PRIVATE SCREENING COMPANIES WOULD COME IN AND CUT COSTS WHEREVER THEY CAN, WITH TRAINING OR BACKGROUND CHECKS OR HIRING AND IMPLEMENTING NEW EQUIPMENT AND PROGRAMS. THAT IS MY BIGGEST CONCERN, THAT THEY WOULD BE HERE TO MAKE MONEY RATHER THAN TO ACTUALLY DO THE JOB THAT WE

ARE HERE TO PUT FORTH, TO SCREEN PASSENGERS AND LUGGAGE AND KEEP AMERICANS SAFE. CHRISTINA:

THANK YOU FOR JOINING US AND I PROMISE I WILL BE VERY NICE IF I SEE YOU IN VEGAS. DAVID: IS FUNNY THAT THE LINES HAVE NOT BEEN THAT LONG. IN NEW YORK IT IS 4.5 HOURS.

GETTING A GRIP ON THAT -- CHRISTINA: IT IS UNPREDICTABLE.

PEOPLE ARE GETTING TO THE AIRPORTS EARLIER.

THEY HAVE TIMES THEY MAY NOT BE USED TO BECAUSE PEOPLE ARE PANICKING. MY FRIEND WENT TO JFK AND IT

PANICKING. MY FRIEND WENT TO JFK AND IT WAS 90 MINUTES. IT'S WORKABLE. DAVID:

PRESIDENT ZELENSKYY PLEDGING HIS HELP IN THE MIDDLE EAST WITH IRAN. WE WILL SPEAK WITH THE U.S.

WITH IRAN. WE WILL SPEAK WITH THE U.S.

INVESTOR TO UKRAINE NEXT ON BLOOMBERG THIS WEEKEND ON BLOOMBERG TELEVISION, RADIO, BLOOMBERG.COM, AND THE BLOOMBERG BUSINESS APP. MORE, COMING UP.

♪ LISA: THANK YOU FOR JOINING US ALIVE ON BLOOMBERG THIS WEEKEND.

THE FOUR ASTRONAUTS INVOLVED IN THE ARTEMIS 2 MISSION HAVE ARRIVED IN FLORIDA AHEAD OF THE PLANNED LAUNCH.

THESE ARE THE ASTRONAUTS, THEY WERE AT THE KENNEDY SPACE CENTER IN CAPE CANAVERAL YESTERDAY.

THE GROUP WILL CLIMB INSIDE OF NASA'S ORION CREW CAPSULE ON APRIL 1 STARTING A 10-DAY JOURNEY AROUND THE MOON.

THE CREW WILL BREAK RECORDS FOR THE FURTHERS'S TWO HUMANS HAVE FLOWN INTO DEEP SPACE. -- THE FURTHEST HUMANS HAVE FLOWN INTO DEEP SPACE PURE TIGER WITH ARRESTED ON SUSPICION OF DUI. HIS LAND ROVER CLIPPED A TRUCK AND ROLLED OVER ONTO ITS SIDE YESTERDAY AFTERNOON IN JUPITER ISLAND, FLORIDA. A BREATH TEST SHOWED NO ALCOHOL

ISLAND, FLORIDA. A BREATH TEST SHOWED NO ALCOHOL IN HIS SYSTEM. INVESTIGATORS BELIEVE THAT HIS IMPAIRMENT WAS DUE TO MEDICATION OR DRUGS.

TIGER WOODS WAS INVOLVED IN A CAR CRASH IN 2021 THAT LEFT HIM WITH SERIOUS INJURIES.

MARCH MADNESS, ST. JOHN'S LOST TO DUKE 75-80.

DUKE GOES TO THE ELITE EIGHT ALONG WITH YUKON, MICHIGAN, TENNESSEE, AND IN CASE YOU ARE WATCHING TODAY, WE HAVE IOWA TAKING ON ILLINOIS AND PURDUE CHALLENGING ELLEN -- PURDUE CHALLENGING ARIZONA. DAVID: PAINFUL FOR ME.

CHALLENGING ARIZONA. DAVID: PAINFUL FOR ME.

I AM NOT A ST. JOHN'S FAN BUT I AM AN UNC FAN SO ANY TIME A DUKE IS IMPERILED IT IS EXCITING FOR ME. CHRISTINA:

I AM EXCITED ABOUT THE ASTRONAUT WHOSE NAME IS CHRISTINA. SHE IS CLEARLY THE SUPERIOR

CHRISTINA. SHE IS CLEARLY THE SUPERIOR CHRISTINA, BUT I WILL BE LIVING VICARIOUSLY. DAVID:

DID YOU WANT TO GO TO SPACE CAMP? CHRISTINA: ABSOLUTELY.

I HAD TO GO TO VALET CAMP INSTEAD. I'M NOT UPSET ABOUT IT.

-- BALLET CAMP INSTEAD. I'M NOT UPSET ABOUT IT.

AMID REPORTS THAT THE U.S. IS CONSIDERING DIVERTING WEAPONS EARMARKED FOR KYIV TO THE MID EAST INSTEAD. THE U.S.

SECRETARY OF STATE MARCO RUBIO ADDRESSED THOSE RUMORS AFTER THE MEETING. SEC. RUBIO: IT HASN'T HAPPENED YET, NOTHING

THE MEETING. SEC. RUBIO: IT HASN'T HAPPENED YET, NOTHING HAS BEEN DIVERTED, BUT IT COULD. THESE ARE NOT DIVERTED WEAPONS, THESE ARE OUR WEAPONS. THESE ARE MILITARY SALES BY NATO. THE QUESTION IS, IF WE HAVE A

NATO. THE QUESTION IS, IF WE HAVE A NEED, IF THE UNITED STATES HAS A MILITARY NEED, TO FULFILL SOME INTEREST IN THE NATIONAL INTEREST OF THE UNITED STATES, WE ARE ALWAYS GOING TO COME FIRST. DAVID: JOINING US IS THE FORMER U.S.

FIRST. DAVID: JOINING US IS THE FORMER U.S.

AMBASSADOR TO UKRAINE, WILLIAM TAYLOR.

LET ME ASK A BROAD QUESTION, HOW THE WIDENING WAR IN THE U.S.

HAS COLORED OR CHANGED STRATEGY IN THE TRAJECTORY OF THE WAR IN UKRAINE. WHAT HAVE YOU BEEN WATCHING FOR

UKRAINE. WHAT HAVE YOU BEEN WATCHING FOR AND WHAT IS WORRYING YOU AS SO MUCH ATTENTION IS DIVERTED TO THE MIDDLE EAST? WILLIAM: ONE CHANGE IS A FINANCIAL PRESSURE ON RUSSIA HAS BEEN REDUCED.

THE OIL PRICE HAS GONE UP SO THAT EVERY BARREL THE RUSSIANS SELL ON THE WORLD MARKET GETS THE MORE MONEY.

THERE HAD BEEN BIG PROGRESS IN SQUEEZING THE RUSSIAN ECONOMY.

THE RUSSIAN TREASURY BY REDUCING THE AMOUNT OF OIL SOLD.

THAT HAS BEEN CHANGED. WE HAVE RELAXED SANCTIONS ON RUSSIA, ALLOWED THEM TO SELL MORE. EVERY BARREL GETS A HIGHER PRICE. THAT IS A BIG PROBLEM.

PRICE. THAT IS A BIG PROBLEM.

ON THE OTHER HAND, DAVID, THE PEOPLE IN THE MIDDLE EAST, NATIONS IN THE MIDDLE EAST ARE VERY INTERESTED IN THE UKRAINIAN EXPERIENCE IN SHOOTING DOWN IRANIAN DRONES.

WE HAVE PRESIDENT ZELENSKYY TALKING TO THE LEADERS, MAKING IT CLEAR WHICH SIDE UKRAINE IS ON. IT IS ALSO CLEAR WHICH SIDE RUSSIA IS ON. CHRISTINA: THERE IS A REPORT IN AXIOS THAT THERE WERE TENSE MOMENTS BETWEEN THE EU FOREIGN POLICY CHIEF AND MARCO RUBIO AT THAT MOMENT IN WHICH THEY ESSENTIALLY SAID THAT YOU SAID A YEAR AGO YOU WOULD GET TOUGH

ON RUSSIA IF THEY HAMPER U.S. EFFORTS TO STOP THE WAR.

THAT HASN'T HAPPENED. RUBIO BASICALLY SHOT BACK, IF YOU THINK THAT YOU CAN DO IT BETTER WE WILL STEP ASIDE.

SOURCES AT THE MEETING WERE UNABLE TO CONFIRM THE EXCHANGE BUT IT SEEMS THERE ARE TENSIONS ABOUT THE U.S.

NOT PRESSURING RUSSIA IN THE WAY THAT WE'VE SEEN AMERICA PRESSURE OTHER STRONGMEN IN OTHER COUNTRIES INCLUDING VENEZUELA AND IRAN. DO YOU THINK THERE IS ANYTHING THAT EUROPE CAN DO AT THIS POINT TO CHANGE THAT POLICY FROM THE U.S.? WILLIAM: YES, CHRISTINA.

THE EUROPEANS ARE STEPPING UP. THEY RECOGNIZE THAT THE AMERICAN ATTENTION IS DIVERTED TO IRAN.

THEY RECOGNIZE EUROPEANS RECOGNIZE THE REAL THREAT THAT RUSSIA POSES TO THEM. ALL OF THE EFFORT THAT HAD GONE INTO SQUEEZING RUSSIA, PUTTING SANCTIONS ON RUSSIA, ALL OF THAT IS AT LEAST REDUCED AT THIS POINT.

EUROPEANS KNOW THAT THEY HAVE TO STEP UP.

THEY CAN DO SOME THINGS. THEY CAN CONTINUE WHAT THEY STARTED, WHICH IS PUT PRESSURE ON THE SHADOW FLEET.

THE OLD OIL TANKERS THAT ARE MOVING THE SANCTIONED OIL AROUND THE WORLD. THE EUROPEANS HAVE STARTED TO BOARD THESE TANKERS. THAT REDUCES THE ABILITY OF THE RUSSIANS TO SELL OIL. THE EUROPEANS ARE ALSO STEPPING UP IN THEIR SUPPORT FOR UKRAINE AND THEY CAN CONTINUE TO DO THAT. DAVID: YOU BROUGHT UP THE SANCTIONS

THAT. DAVID: YOU BROUGHT UP THE SANCTIONS THAT HAVE BEEN RELAXED BY THE ADMINISTRATION AND I WANT TO GET YOUR PERSPECTIVE. WE HAVE HEARD EXPLANATION AFTER EXPLANATION FROM SCOTT BESSENT ABOUT WHY THIS IS HAPPENING.

I WONDER IF ANY OF THAT MAKES SENSE, IF THERE'S A JUSTIFICATION THAT MAKES SENSE TO YOU?

IF YOU CAN UNDERSTAND WHY THIS IS HAPPENING AT THIS POINT IN THE WAR? WILLIAM: IT LOOKS LIKE THE

THE WAR? WILLIAM: IT LOOKS LIKE THE ADMINISTRATION IS TRYING TO FIND WAYS TO PUT MORE OIL ON THE MARKET, TO PUT DOWNWARD PRESSURE ON PRICES.

THEY ARE VERY CONCERNED ABOUT THE VERY HIGH PRICE OF OIL.

THE HIGH PRICE OF OIL IS HELPING THE RUSSIANS BUT ALSO HAVING A NEGATIVE EFFECT ON THE WORLD ECONOMY.

THE ADMINISTRATION IS LOOKING FOR ANY WAY THAT CAN PUT MORE BARRELS OF OIL ON THE MARKET. ONE WAY TO DO THAT IS TO ALLOW PEOPLE TO BUY RUSSIAN OIL. TO BUY VENEZUELAN OIL.

EVEN BUY IRANIAN OIL. THEY ARE DOING THIS IN ORDER TO PUT DOWNWARD PRESSURE. IT'S OBVIOUSLY NOT HELPING.

IT IS HAVING A BAD, NEGATIVE EFFECT ON THE PRESSURE THAT WE NEED TO PUT ON RUSSIA TO STOP THIS WAR IN UKRAINE. CHRISTINA:

I WANT TO ASK ABOUT THE STATUS OF NATO.

WE HEARD PRESIDENT FROM GROWING FRUSTRATED WITH EUROPEAN ALLIES HE SAYS NOT STEPPING UP TO SECURE THE GULF.

ALLIES ARE AS FRUSTRATED WITH TRUMP NOT STEPPING UP TO HELP WITH UKRAINE. WHAT IS THE STATUS OF THAT

WITH UKRAINE. WHAT IS THE STATUS OF THAT ALLIANCE AND ARE YOU CONCERNED HE COULD FALL APART? WILLIAM:

CHRISTINA, NATO HAS GONE THROUGH SOME DIFFICULT TIMES BEFORE AND HAS MADE IT THROUGH. THIS TIME, HOWEVER, IT DOES APPEAR THAT THERE IS A SERIOUS MOVEMENT TOWARDS A EUROPEAN PILLAR IN NATO. NATO WOULD BE COMPRISED OF A EUROPEAN PILLAR THAT EUROPEANS HAVE CAPABILITIES -- HAVE THEIR OWN NUCLEAR WEAPONS WITH THE BRITISH AND THE FRENCH.

THEIR OWN DEFENSE. A EUROPEAN PILLAR WITHIN NATO.

THE OTHER PILLAR IS THE U.S. PILLAR.

BEST CASE, THAT IS A STRONGER NATO.

BUT YOU ARE RIGHT TO POINT OUT THAT THERE ARE TENSIONS BETWEEN THE EUROPEANS AND AMERICANS AT THIS POINT.

THE QUESTION IS HOW TO MOVE FORWARD.

ONE WAY IS FOR THE EUROPEANS TO DEVELOP THEIR OWN CAPABILITIES.

I WOULD SAY, WITHIN THE CONTEXT OF NATO.

MAKE IT A STRONGER ALLIANCE. DAVID: THANK YOU FOR YOUR TIME.

CHRISTINA: GOOD TO SEE YOU, THANK YOU FOR JOINING US. DAVID: I WAS STRUCK BY THIS PIECE IN

JOINING US. DAVID: I WAS STRUCK BY THIS PIECE IN THE FT ABOUT MARK RUTTE AND HOW HE PURSUED THIS WITH TRUMP, DADDY TRUMP, THE DADDY STRATEGY IS HOW HE LOOSELY PUT IT IN THAT PIECE. WHEN YOU HAVE THE SECRETARY-GENERAL COMPORTED

THAT PIECE. WHEN YOU HAVE THE SECRETARY-GENERAL COMPORTED HIMSELF TO THE WHIMS OF ONE MEMBER OF NATO.

THE REST OF THESE NATIONS COME THE ALLIES, COALESCING AROUND SOMETHING ELSE ENTIRELY. HOW DO YOU HAVE AN ALLIANCE LIKE THAT WHEN ONE PARTY IS SO OUT BALANCED? CHRISTINA:

WHEN YOU LOOK AT THAT PRINCIPLE, IT IS ADAPT AND EVOLVE OVER THE YEARS, BUT DOES IT STAND AS YOU HAVE GERMANY HAS 1200 TROOPS AND THAT. THE FIRST SINCE WORLD WAR II BECAUSE EUROPEAN ALLIES ARE LOOKING FOR OTHER PEOPLE TO HELP DEFEND THEMSELVES AGAINST RUSSIA BECAUSE THE U.S.

IS NOT ALWAYS A RELIABLE PARTNER IN THAT THEATER ANYMORE.

DAVID: THE LAST FOUR NOW FIVE WEEKS OF THIS WAR, WE HAVE SEEN AN EVOLUTION IN THE WAY THE PRESIDENT HAS TALKED ABOUT ALLIES, CRITICIZED IT THEN, MADE AN ENTREATY FOR THEM TO JOIN THE U.S., AND YES CRITICIZE THEM ONCE AGAIN. WE SAW THAT IN FRANCE AT THE G-7 FOREIGN MINISTER SUMMIT WITH AN OVER ARCING LEVEL OF CONFUSION ABOUT WHAT THE U.S. IS DOING, MORE CLARITY ABOUT

WHAT THEIR ROLE SHOULD BE GOING FORWARD.

PRETTY ADAMANT THEY ARE NOT GOING TO GET INVOLVED IN THIS WAR BUT MAYBE AFTER THE MISSILES STOP FLYING. CHRISTINA:

THE DIFFERENCE BETWEEN THE ADMINISTRATIONS WERE SHOCKING.

PRESIDENT BIDEN WAS VEHEMENTLY PRO-NATO.

THERE ARE STRANDS IN THE PRESIDENT'S CABINET THAT ARE PRO-NATO BUT THE PRESIDENT HIMSELF HAS ALWAYS BEEN SKEPTICAL OF THAT ALLIANCE. WE HAVE LISA MATEO.

YOU CAN EXPLORE LIVE, STREAMING NEWS, OUR SHOWS, DOCUMENTARIES, REPORTS, ANALYSIS, AND MORE IN ONE PLACE, BLOOMBERG.COM/VIDEOS.

WE WILL BE RIGHT BACK. ♪

CHRISTINA: WE ARE NOW GOING TO TALK TO LISA MATEO, WHO HAS SOME OF THE MOST READ STORIES OR STORIES YOU MAY HAVE MISSED OVER THE WEEKEND. LISA:

WE HAVE BEEN TALKING ABOUT THE AIRPORT.

THIS ONE IN THE WASHINGTON POST SAYS, WHEN YOUR FIRST CLASS FLIGHT TURNS OUT TO BE A BUS RIDE. IMAGINE THE SCENARIO.

DO CHECK IN FOR YOUR FLIGHT AND YOU THOUGHT IT WAS A FLIGHT.

YOU WENT THROUGH TSA. YOU GO TO THE GATE.

ON THE OTHER SIDE IS AN AMERICAN AIRLINES BUS THAT IS LOADING LUGGAGE. SO, YOU THINK YOU ARE GOING TO

LOADING LUGGAGE. SO, YOU THINK YOU ARE GOING TO A AIRPLANE. BUT, NO. IT STARTS TO ROLL OUT ONTO THE

A AIRPLANE. BUT, NO. IT STARTS TO ROLL OUT ONTO THE HIGHWAY. YOU ARE THINKING, WHERE AM I

HIGHWAY. YOU ARE THINKING, WHERE AM I GOING? IT IS HAPPENING TO A LOT OF

GOING? IT IS HAPPENING TO A LOT OF PEOPLE. IT IS THE LANDMARK COMPANY THAT

PEOPLE. IT IS THE LANDMARK COMPANY THAT OPERATES THE BUS ROUTES FOR AIRLINES THAT USED TO HAVE -- WHEN YOU TAKE THE HOPPER PLANES. THEY DON'T HAVE THEM AS MUCH ANYMORE. SO, PEOPLE ARE GOING ONLINE BUT

ANYMORE. SO, PEOPLE ARE GOING ONLINE BUT THEY ARE NOT READING THE SMALL PRINT THAT SAYS THAT IT IS A BUS. CHRISTINA: THE RAGE THAT I WOULD FEEL IF I

BUS. CHRISTINA: THE RAGE THAT I WOULD FEEL IF I THOUGHT I WAS GETTING ON A PLANE. MAN. DAVID:

THAT IS A DISTRESSING PHENOMENON.

YOU ARE PAYING FOR A FLIGHT, NOT A GREYHOUND TICKET. LISA:

CORRECT. BUT YOU WERE PAYING FOR IT.

IT SAID BUS BUT YOU ARE NOT AS OBSERVANT TO THE SMALL PRINT THAT ACTUALLY SAID IT. DAVID: DO YOU READ THE FINE PRINT?

CHRISTINA: YES, AND NO. I WOULDN'T HAVE THOUGHT TO READ IF IT WAS A BUS. I USED IT TO LIVE IN COLORADO SPRINGS AND DENVER WAS THE AIRPORT AND GETTING THERE WAS A PAIN. IF YOU ARE THROUGH SECURITY AND

PAIN. IF YOU ARE THROUGH SECURITY AND YOU DON'T HAVE TO GO THROUGH SECURITY AND IT IS TAKEN CARE OF LOGISTICALLY, MAYBE THAT IS BETTER. DAVID:

HAVE THEY BUILT THE TRAIN YET FROM COLORADO SPRINGS TO DENVER?

IT IS A ROILING ISSUE STILL THREE DECADES AFTER I LIVED IN COLORADO? CHRISTINA: WOULD YOU BE MAD IF YOU GOT ON

COLORADO? CHRISTINA: WOULD YOU BE MAD IF YOU GOT ON A BUS? DAVID: I DON'T KNOW, I HATE THE SMALL

A BUS? DAVID: I DON'T KNOW, I HATE THE SMALL PLANES. LISA: THEY SAY IT IS A LUXURY BUS.

PLANES. LISA: THEY SAY IT IS A LUXURY BUS.

THEY SAY THAT IT IS COMFORTABLE. CHRISTINA:

THAT IS A CONTRADICTION. DAVID: WHAT ELSE? LISA:

WE WILL STICK WITH TRAVEL. CRUISES.

IF YOU HAVEN'T BEEN ON A CRU ISE THERE ARE YOUNGER PEOPLE.

IT SAYS THAT CRUISE INFLUENCERS MAKE $350,000 A YEAR BY LURING GEN Z TO SHIPS. THEY ARE PARTNERING WITH ROYAL CARIBBEAN OR VIRGIN VOYAGE IS TO HIGHLIGHT THEIR TRAVELS.

AND THEN THEY ATTRACT THE YOUNGER AUDIENCE.

BLOOMBERG ORIGINALS DID A LITTLE DOCUMENTARY ON THIS.

>> THE CRUISE INDUSTRY AND CONTENT CREATORS HAVE CULTIVATED A SYMBIOTIC RELATIONSHIP POST-PANDEMIC.

THE MESSAGE THAT CRUISE COMPANIES ARE TRYING TO GET OUT WITH THE CONTENT CREATOR PARTNERSHIPS IS THAT IT IS FOR EVERYONE. WITH A SPECIAL EMPHASIS ON

EVERYONE. WITH A SPECIAL EMPHASIS ON YOUNGER PEOPLE WHO MAY NOT HAVE THOUGHT OF CRUISING AS A VIABLE OR ATTRACTIVE OPTION IN THE PAST. LISA:

MILLENNIALS, GEN Z, MY SON BOOKED HIS OWN CRUISE WITH HIS GIRLFRIEND BECAUSE THEY SAW IT ON SOCIAL MEDIA. HE IS 23.

I WAS LIKE, MAYBE YOU SHOULD PAY RENT IF YOU CAN GO ON A CRUISE. DAVID: IT CAN BE SIDE HUSTLE.

CRUISE. DAVID: IT CAN BE SIDE HUSTLE.

350,000 DOLLARS IS A LOT OF MONEY TRAVELING THE WORLD.

CHRISTINA: I AM NOT A CRUISE HUMAN BUT FOR 350,000 DOLLARS I COULD BECOME ONE. DAVID: OF NEVER BEEN ON ONE. LISA:

ONE. DAVID: OF NEVER BEEN ON ONE. LISA:

I HAVE NOT BUT IT SEEMS CROWDED. CHRISTINA:

I'VE HEARD IF YOU HAVE YOUNG KIDS, I'VE BEEN SHOCKED ABOUT THE ANTI-CRUISE PEOPLE WHO HAVE TAKEN THEIR CHILDREN ON DISNEY CRUISES AND LOVED IT BECAUSE THEIR CHILDREN ARE SO HAPPY.

IF YOU HAVE INTERGENERATIONAL FAMILIES AND YOU NEED EVERYONE TO DO SOMETHING, I'M HURT THEY ARE VERY GOOD. DAVID:

IT SEEMS LIKE YOU'RE DOING A CRUISE INFLUENCE THING.

INTERGENERATIONAL FAMILIES, #FORTHEWIN.

LISA: SPORTS, THE ATHLETIC, CHRISTINE'S FAVORITE, NETFLIX'S OPENING NIGHT, VANCE JUST WANTED TO WATCH THE SHOW.

THERE IS SOME CONTROVERSY -- FANS JUST WANTED TO WATCH THE SHOW. THERE IS SOME CONTROVERSY. THE YANKEES WON.

SHOW. THERE IS SOME CONTROVERSY. THE YANKEES WON.

IT WAS ON NETFLIX EXCLUSIVELY. FOR EXAMPLE, AT HOME WE ARE TRYING TO FIGURE OUT WHERE THE GAME IS. WE HAVE CABLE, FLIPPING THROUGH. IT WAS EXCLUSIVE TO NETFLIX.

THROUGH. IT WAS EXCLUSIVE TO NETFLIX.

I DID GET IT, THE STREAM WAS SUCCESSFUL WITH NO ISSUES, IT LOOKED GREAT. HOW WOULD YOU KNOW TO LOOK FOR

LOOKED GREAT. HOW WOULD YOU KNOW TO LOOK FOR THE GAME ON NETFLIX? YOU GOOGLE IT AND YOU SAY, WHERE IS THE YANKEES GAME TONIGHT?

THAT IS WHAT WE DID AND WE FOUND IT.

THEY SAID THAT IT WAS LIKE A SHOW. THERE WERE DANCERS AND THE YANKEES. DAVID: THE CABLE CARS FOR THE GIANTS.

YANKEES. DAVID: THE CABLE CARS FOR THE GIANTS.

LISA: IT WAS 20 MINUTES LATE BECAUSE OF THIS PRODUCTION. IT WAS A TOUGH ONE TO WATCH.

DAVID: HOW ABOUT AARON JUDGE IN THAT GAME? HE STRUCK OUT FOUR TIMES? LISA:

GAME? HE STRUCK OUT FOUR TIMES? LISA:

BUT HE GOT A HOMERUN YESTERDAY. CHRISTINA:

DID HE DANCE ON THE TAXIS? DAVID:

THE PLAYERS WERE NOT DANCING. THERE WERE DANCERS. CHRISTINA:

IF YOU WANT TO WATCH SPORTSBALL, THAT WOULD DO IT.

LISA: THEY PUT A MICROPHONE ON JAZZ CHISHOLM AS THE GAME WAS GOING ON. DAVID:

HE IS MY SON'S FAVORITE. HE DRESSES REALLY RAKE ISHLY.

THERE WAS A LOT OF CRITICISM, BUT I THOUGHT THAT IT WAS SHOT WELL WITH BEAUTIFUL WEATHER IN SAN FRANCISCO. THAT HELPED.

LISA: AND THEY HAD THE ROBOT UMPIRES FOR THE FIRST TIME. CHRISTINA: I KNOW BASEBALL HAS TRIED TO MAKE CHANGES TO MAKE THE GAMES MOVE FASTER AND GET YOUNGER AUDIENCES. IF IT IS STREAMING WITH TAXI

AUDIENCES. IF IT IS STREAMING WITH TAXI DANCERS? COMING UP ON 8:00 IN NEW YORK.

DANCERS? COMING UP ON 8:00 IN NEW YORK.

WE HAVE MORE HEAD ON BLOOMBERG THIS WEEKEND.

-- MORE AHEAD ON BLOOMBERG THIS WEEKEND. DAVID:

WE WILL GET HIS PERSPECTIVE ON THE STRAIT OF HORMUZ IN THE NEXT HOUR OF BLOOMBERG WEEKEND, WHICH STARTS RIGHT NOW.

♪♪ >> WELCOME TO BLOOMBERG THIS WEEKEND, LIVE FROM NEW YORK WITH DAVID GURA, CHRISTINA RUFFINI AND LISA MATEO.

THE LATEST HEADLINES, KEY ANALYSIS, BIG INTERVIEWS AND THE STORIES THAT HIT HOME ON YOUR DAYS OFF.

DAVID: THIS IS BLOOMBERG THIS WEEKEND.

I AM DAVID GURA. CHRISTINA: I AM CHRISTINA RUFFINI.

WE ARE HERE WITH LISA MATEO AND WE ARE BRINGING YOU THE LATEST BREAKING NEWS LIVE THIS MORNING AND EVERY WEEK AND FROM 7:00 TO 10:00 A.M. USING THE FULL FORCE OF OUR

10:00 A.M. USING THE FULL FORCE OF OUR BLOOMBERG REPORTING TEAM FROM AROUND THE WORLD, THANK YOU EVERYONE WHO HAS BEEN JOINING US THIS MORNING TO GIVE US THEIR INSIGHT AND KNOWLEDGE AND MAKING US SMARTER PEOPLE ON THE SATURDAY. DAVID: CHARTING THE EVOLUTION OF THIS

SATURDAY. DAVID: CHARTING THE EVOLUTION OF THIS WAR IN THE MIDDLE EAST IS FRONT OF MIND AS WE GO THROUGH THE NEWS THIS MORNING. AT LEAST 10 PEOPLE INJURED IN THAT ATTACK. CHRISTINA: THE ASSOCIATED PRESS IS

THAT ATTACK. CHRISTINA: THE ASSOCIATED PRESS IS REPORTING AT LEAST 15. BLOOMBERG IS REPORTING AT LEAST 10. MORE DAMAGE TO THE U.S. REFUELING AIRPLANES WHICH WE

10. MORE DAMAGE TO THE U.S. REFUELING AIRPLANES WHICH WE HAVE SEEN HAVE BEEN STRUCK THROUGHOUT THIS CONFLICT, PARTIALLY BECAUSE THEY ARE LARGER AND EASIER TARGETS AND WHEN YOU HAVE AN AIR BASE, THEY ARE PARKED SLIGHTLY OUTSIDE AND ARE EASIER TO GET TO. IT'S ALSO A SIGN THAT DESPITE WHAT THE PRESIDENT IS SAYING ABOUT IRAN'S MILITARY CAPABILITY BEING DEGRADED, THEY ARE ABLE TO HIT U.S.

MILITARY INSTALLATIONS. DAVID: WE WILL GET AN UPDATE FROM LISA IN A SECOND ON ALL OF THIS. YOU HAVE THE PRESIDENT OF THE UNITED STATES, SEEMINGLY EAGER FOR THIS TO WRAP UP OR PAUSE WHILE DIPLOMATIC NEGOTIATIONS TAKE PLACE THROUGH THIS PAKISTANI BACK CHANNEL. THAT IS NOT HAPPENING AS WE SEE THIS WERE CONTINUING TO SPREAD. CHRISTINA:

I REACHED OUT TO SOURCES ON THE NEGOTIATIONS.

THEY SAID THEY ARE HAPPENING BUT THEY WOULD NOT DESCRIBE THEM AS DEEP OR FRUITFUL AS OF YET. DAVID:

JD VANCE IS IN PAKISTAN. THERE WAS SOME SPECULATION THAT MIGHT HAPPEN OVER THE COURSE OF THE WEEKEND.

LET'S GET THE HEADLINES FROM LISA MATEO. LISA:

IT SEEMS LIKE THERE IS NO END IN SIGHT FOR THE 42 DAY SHUTDOWN. HOUSE REPUBLICANS REJECTED THE

SHUTDOWN. HOUSE REPUBLICANS REJECTED THE DHS DEAL. THEY APPROVED A DIFFERENT PLAN,

DHS DEAL. THEY APPROVED A DIFFERENT PLAN, IT IS AN EIGHT WEEK MEASURE TO TEMPORARILY FUND THE ENTIRE DEPARTMENT OF HOMELAND SECURITY. BOTH CHAMBERS OF CONGRESS ARE OUT ON A TWO WEEK RECESS. NOW THERE IS NO END IN SIGHT FOR THE SHUTDOWN THAT SPARKED LONG DELAYS IN AIRPORTS NATIONWIDE WITH TSA SHORTAGES. PRESIDENT DONALD TRUMP ISSUED

AN ORDER TO USE PRE-EXISTING FUNDS TO PAY TSA AGENTS.

TO THE WAR IN IRAN WHERE THE HOUTHIS ENTERED THE WAR WITH A STRIKE AGAINST ISRAEL. IRAN'S OFFICIALS REPORTING MULTIPLE AREAS IN EASTERN TEHRAN WERE STRUCK TODAY.

MORE THAN 10 U.S. TROOPS HAVE BEEN INJURED AT A SAUDI-BASED. -- BASE.

SAUDI-BASED. -- BASE.

IT COMES AFTER THE U.S.

BOMBED IRAN NUCLEAR AND STEEL FACILITIES.

PRESIDENT TRUMP CALLED ON IRAN TO OPEN THE STRAIT OF HORMUZ.

>> THERE WERE EIGHT SHIPS COMING OUT OF IRAN AND THEN THEY SAID THEY WOULD ADD AN EXTRA TWO.

THEY HAD 10 SHIPS AND THAT MADE PEOPLE REALIZE WE ARE NEGOTIATING. IT WOULD BE GREAT IF WE COULD

NEGOTIATING. IT WOULD BE GREAT IF WE COULD DO SOMETHING BUT THEY HAVE TO OPEN IT UP.

THEY HAVE TO OPEN UP THE STRAIT OF HORMUZ. LISA:

THE PRESIDENT PUSHED BACK HIS DEADLINE TO REOPEN THE WATERWAY OR FACED STRIKES TO POWER PLANTS.

BRENT CRUDE ROSE ABOUT 4% IN THE SESSION, ABOVE $112 A BARREL. TODAY, THOUSANDS OF PROTESTERS

BARREL. TODAY, THOUSANDS OF PROTESTERS AGAINST POLICIES OF PRESIDENT TRUMP ARE EXPECTED NATIONWIDE.

ORGANIZERS BEHIND THE NO KINGS PROTEST SAY IT WILL BE THEIR BIGGEST SHOWING YET. MORE THAN 3000 EVENTS HAVE BEEN PLANNED IN CITIES ACROSS THE U.S. WITH SEVERAL MORE PLANNED ABROAD. THAT INCLUDES MEXICO AND CANADA.

ABROAD. THAT INCLUDES MEXICO AND CANADA.

DAVID: IT WILL BE INTERESTING TO SEE HOW THAT UNFOLDS. I KNOW THERE WERE PROTESTS IN BROOKLYN AND MANHATTAN. LISA:

THERE WAS ONE IN MY HOMETOWN IN NEW JERSEY. CHRISTINA:

WE WILL SEE HOW BIG IS ARE PRETTY THANK YOU, LISA.

WE WILL TURN TO BLOOMBERG NEWS DEPUTY, AMIRA.

WE HAVE BEEN TALKING ABOUT HOW GULF COUNTRIES ARE REACTING TO THIS CONFLICT. NOT ONLY HOW THEY ARE TAKING

THIS CONFLICT. NOT ONLY HOW THEY ARE TAKING FIRE FROM IRAN, BUT HOW THEY ARE REACTING AND DEALING WITH THE U.S. AND WHETHER OR NOT THEY ARE

THE U.S. AND WHETHER OR NOT THEY ARE TRYING TO MAKE MOVES TO HANDLE SECURITY ON THEIR OWN.

CAN YOU WALK US THROUGH WHAT'S GOING ON IN THE REGION AND HOW ADJACENT COUNTRIES ARE FEELING?

>> YES. GULF COUNTRIES ARE IN FOCUS WHEN IT COMES TO THIS. YOU MENTIONED THE W HOUTHIS HAVE JOINED THE CONFLICT.

WE ARE SEEING THE CONFLICT TAKING DIFFERENT SHAPES.

THE UNITED ARAB EMIRATES AND SAUDI ARABIA, WE REPORTED EARLIER THAT THEY WERE CONSIDERING POSSIBLY WEIGHING OPTIONS TO COME IN MILITARILY. THIS WILL ONLY BE THE CASE IF IRAN ATTACKS SOME VITAL INFRASTRUCTURE AND SAUDI ARABIA OR THE UNITED ARAB EMIRATES. IRAN HAS CONTINUED ITS ATTACKS AGAINST GULF COUNTRIES INTO THE EARLY HOURS OF THIS MORNING, INCLUDING AS YOU MENTIONED THROUGH THE YEAR, A BASE IN SAUDI ARABIA BUT ALSO THE FACILITY CLOSE TO ABU DHABI ON

THE WAY FROM DUBAI, INTO ABU DHABI.

BUT ALSO COME EQUATES'S AIRPORT AND A FACILITY -- BUT ALSO, KUWAIT'S AIRPORT AND A FACILITY.

AS WE REPORTED EARLIER, GULF COUNTRIES ARE GETTING FRUSTRATED AND ANGRY AT IRAN AND THEIR RELENTLESS ATTACKS.

BUT ALSO, THE LACK OF OBJECTIVES OR THE LACK OF CLARITY FROM THE U.S. ADMINISTRATION, FROM PRESIDENT DONALD TRUMP'S ADMINISTRATION. THEY FEAR A SCENARIO WHERE THE TRUMP ADMINISTRATION REACHES A DEAL WITH IRAN BUT DOES NOT DICTATE WHAT IT COULD BE LIKE IN THE FUTURE.

I MENTIONED EARLIER THE GULF COUNTRIES INCLUDING UAE OFFICIALS HAVE TOLD US IN THE PAST THAT THEY WERE REALLY ANXIOUS OVER IRAN CROSSING RED LINES. IRAN HAS DONE SO NOW.

THEY HAVE CROSSED THE RED LINES AND ATTACKED THEM DIRECTLY.

THAT IS SOMETHING THAT THEY WILL NEED SOME GUARANTEES OVER WHEN IT COMES TO FUTURE PURPOSES. DAVID:

HELP US UNDERSTAND THE WEIGHT THE ATTACKS WE SAW YESTERDAY ARE REVERBERATING AROUND THE REGION.

THE PRESIDENT SAID HE WOULD PUT IN PLACE A PAUSE ON ATTACKING POWER PLANTS AND INFRASTRUCTURE. HOW IS THAT MORE DEGRADATION OF INFRASTRUCTURE PLAYING OUT ACROSS THE REGION? LISA:

THE PRESIDENT -- ABEER: THE PRESIDENT DID SAY HE WOULD STOP ATTACKING -- DID NOT SAY HE WOULD STOP ATTACKING UNTIL APRIL 6.

WE HAVE SEEN ATTACKS FROM BOTH SIDES, ISRAEL ATTACKED A HEAVY WATER REACTOR FACILITY IN A NUCLEAR PLANT IN IRAN YESTERDAY.

THAT LED TO THE HOUTHIS ATTACKING ISRAEL.

WHAT'S HAPPENING IN THE REGION IS WHAT I'VE BEEN HEARING FROM A LOT OF OFFICIALS OVER THE PAST WEEK IS THIS WHIPLASH EFFECT WHERE YOU GET GEOPOLITICAL HEADLINES FROM PRESIDENT TRUMP BUT ALSO IRAN, SAYING WE ARE COMING BACK TO THE NEGOTIATION TABLE WITH IRAN SAYING THAT WON'T HAPPEN.

THE PLANS OR THE PROPOSALS THAT HAVE BEEN THROWN BY BOTH SIDES HAVE BEEN, BY SOME PEOPLE, NICKNAMED AS A WISH LIST. BUT

IT IS A STARTING POSITION BY BOTH IRAN AND THE U.S.

BUT THE ATTACKS HAVE BEEN CONTINUING, POSSIBLY NOT ON NUCLEAR PLANTS OR WIDER ENERGY FACILITIES.

BUT THEY HAVE BEEN GOING ON ACROSS ALL OF THE GULF-ARAB NATIONS AND OTHERS. DAVID: THANK YOU VERY MUCH.

THE DEPUTY UAE BUREAU CHIEF. THE OIL

CONVERSATION CONTINUES AROUND IF THE U.S.

WILL PUT TROOPS ON THE GROUND IN THE MIDDLE EAST. WE HAVE

SEEN UNITS SENT TO THE REGION, THE 82ND AIRBORNE DIVISION SENT AS WELL. CHRISTINA:

AS WELL. CHRISTINA: THE RHETORIC FROM THE WHITE HOUSE DOES NOT MATCH THE OPERATIONAL FORCE BEING SENT INTO THE REGION. DAVID:

LET'S LOOK AT THE PROSPECT OF BEING TROOPS BEING SENT ON THE GROUND IN THE MIDDLE EAST. >> WE WILL DESTROY THEIR MISSILES AND DRONES, THEIR NAVY, THEIR AIR FORCE AND WE WILL SIGNIFICANTLY DESTROY THEIR MISSILE LAUNCHERS SO THEY CAN NEVER HIDE BEHIND THESE THINGS TO GET A NUCLEAR WEAPON.

WE ARE ACHIEVING ALL OF THOSE OBJECTIVES.

WE ARE AHEAD OF SCHEDULE ON MOST OF THEM.

WE CAN ACHIEVE THEM WITHOUT ANY GROUND TROOPS. DAVID:

THE SECRETARY OF STATE TALKING ABOUT THERE BEING TROOPS ON THE GROUND IN THE MIDDLE EAST. WE HAVE BECCA WASSER AND RETIRED COLONEL WAYNE SANDERS. LET'S START WITH ALL OF THESE CATEGORIES. THERE IS THE SEIZURE OF KHARG

CATEGORIES. THERE IS THE SEIZURE OF KHARG ISLAND, THE QUARANTINE OF KHARG ISLAND, THREATS TO THE STRAIT OF HORMUZ. I GO THROUGH THE ANALYSIS YOU

OF HORMUZ. I GO THROUGH THE ANALYSIS YOU HAVE DONE, NONE OF THIS SEEMS LIKE A KNOT RISKY OPTION.

CHRISTINA: THERE'S NOTHING THAT SAYS NOT GOING TO HAPPEN ON THIS SHEET IN FRONT OF US.

CAN YOU TALK US THROUGH WHICH ARE MORE LIKELY AND WHICH ARE THE MOST LIKELY I GUESS IS HOW WE WANT TO PHRASE THAT THIS MORNING? BECCA:

MORNING? BECCA: YOU SEE PRESIDENT TRUMP CONTINUING TO SEND MORE FORCES TO THE REGION. DISPATCHING ANOTHER CARRIER STRIKER TO THE MIDDLE EAST. ALL OF THIS IS BUILDING UP ADDITIONAL PRESSURE AT THIS JUNCTURE IN TIME, IN ORDER TO

TRY AND BRING IRAN TO THE NEGOTIATING TABLE.

IT'S TRYING TO SIGNAL THAT THE U.S.

IS GOING TO ESCALATE FURTHER, AS WELL AS THE FACT THAT THE U.S. MAY BE IN IT FOR THE LONG HAUL,

U.S. MAY BE IN IT FOR THE LONG HAUL, WHICH IS WHAT WE HEARD FROM SECRETARY RUBIO YESTERDAY.

BUT RIGHT NOW, IF YOU ARE LOOKING AT WHAT IS BEING SENT TO THE MARINE EXPEDITIONARY UNIT THAT IS ALMOST GOING TO BE THERE. THE POTENTIAL FOR THE 82ND, AS

THERE. THE POTENTIAL FOR THE 82ND, AS WELL AS THE ADDITIONAL MARINE EXPEDITIONARY UNIT, THOSE ARE INSUFFICIENT FOR A GROUND INVASION OF IRAN.

THOSE ARE INSUFFICIENT TO HOLD LARGE SWATHS OF TERRITORY.

ANY OF THE POTENTIAL SCENARIOS, A SEIZURE OF KHARG ISLAND OR ONE OF THE OTHER ISLANDS, CREATING A BUFFER ZONE ALONG IRAQ'S COASTLINE TO NEUTRALIZE THE DRONE AND MISSILE THREAT TO SHIPS, THE POTENTIAL FOR SPECIAL OPERATIONS FORCES TO GO IN AND SEES IRAN'S STOCKPILE OF HIGHLY ENRICHED URANIUM -- THE

ONES THAT HAVE AMERICAN TROOPS ON IRANIAN SOIL ARE RISKY AND MOST LIKELY WON'T HAVE THE EFFECT THAT PRESIDENT TRUMP WANTS. DAVID: I KNOW WE WILL TALK ABOUT KHARG

WANTS. DAVID: I KNOW WE WILL TALK ABOUT KHARG ISLAND. BEFORE WE GET THERE, COLONEL

ISLAND. BEFORE WE GET THERE, COLONEL SANDERS, I HAD THE ABILITY TO SIT DOWN WITH JAMES WHO, IN THE 80'S, WAS SQUATTING KUWAIT TANKERS.

THEY DID NOT HAVE TO DO WITH DRONES.

HE WAS EXPLAINING TO DO THIS, THEY DIDN'T HAVE FOLKS CAPABLE OF DEALING WITH THIS NUCLEAR MATERIAL. IT IS HEAVY.

YOU WOULD HAVE TO HAVE CIVILIANS WHO KNEW A THING OR TWO. WALK US THROUGH THAT SCENARIO

TWO. WALK US THROUGH THAT SCENARIO BEFORE WE GET INTO THE KHARG ISLAND SCENARIO.

>> YOU WANT TO PUT BOOTS ON THE GROUND, YOU HAVE TO HAVE ENOUGH SECURITY TO BE ABLE TO HAVE WHAT WE CALL AN INNER COURT ON AND AN OUTER COURT ON FOR SECURITY'S SAKE.

AT THIS POINT IN TIME, IRAN NEWS MEDIA HAS PICKED UP ON THE FACT THIS IS AN OPTION FOR THE UNITED STATES.

IN THE PAST, WHEN THIS COULD HAVE BEEN SOMETHING THAT WAS DONE BY SPECIAL FORCES AS WELL AS SOME TYPE OF INFANTRY UNIT THAT COULD GET IN AND OUT TO BE ABLE TO DO THAT, THEY NOW HAVE OUR EYES ON AND THEY KNOW THIS IS ONE OF THE OPTIONS.

THEY ARE GOING TO BE PREPARED FOR THAT.

WHICH AS BECCA WAS TALKING ABOUT, A LOT OF THIS RAISES THE PORTFOLIO AND THAT RISK CALCULATES TO SAY DO I WANT TO GO IN THERE, KNOWING EVERYBODY WILL BE LOOKING FOR UNITED STATES INDICATORS AND WARNINGS THAT WE ARE DOING THAT.

INCREASED AIRLIFT GOING TO A SPECIFIC REGION.

THE SPECIFIC SCIENTISTS OR CIVILIANS THAT WOULD NEED TO BE ABLE TO GO TO IDENTIFY THESE THINGS.

NOW YOU HAVE DOWNGRADED A STATIONARY MISSION OF U.S.

FORCES THAT FOR DRONE STRIKES, ALL OF THE THINGS THAT YOU HAVE SEEN NOW THAT HAVE BEEN DIRECTED TO SOMEWHERE ELSE, YOU COULD SEE AN UPTICK IN IRANIAN -- DIRECTED AGAINST U.S.

FORCES IN THE REGION. CHRISTINA: WE HAVE THIS TWEET THAT YOU POSTED, YOU SOCIAL MEDIA'ED. WE TALKED ABOUT HOW MANY INTERCEPTORS EVERYBODY HAS LEFT AND YOU WROTE A ROUTINE REMINDER THE U.S. HAS ONLY BOUGHT 322 TOMAHAWK'S

IN THE LAST FIVE YEARS. IF THE U.S.

SHOT 850 IN IRAN PLUS THE LOW ESTIMATE OF 250 STRIKES IN THE MIDDLE EAST AND NIGERIA, IT IS CLEAR REPLENISHMENT RATES DO NOT MATCH EXPENDITURE RATES. THE MATH IS NOT MATHING AS THEY SAY. CAN YOU EXPLAIN THE SIGNIFICANCE OF THIS AND HOW IT

SAY. CAN YOU EXPLAIN THE SIGNIFICANCE OF THIS AND HOW IT IMPACTS THE SEIZURE OF KHARG ISLAND OR ANYTHING ELSE THE ADMINISTRATION MIGHT WANT TO DO IN THE REGION?

>> YOU ARE RIGHT TO POINT OUT THE FACT THERE ARE MATERIAL CONSTRAINTS AND THAT COULD SHAPE SOME OF THE OPERATIONS MOVING FORWARD.

FOR SOME OF THE LONG-RANGE STANDOFF WEAPONS LIKE TOMAHAWK MISSILES, WHICH HAVE BEEN USED IN THE IRAN ATTACKS AND FRANKLY HAS BEEN THE TRUMP ADMINISTRATIONS WEAPONS OF CHOICE IN PREVIOUS ADMINISTRATIONS, THOSE HAVE BEEN PURCHASED IN ONLY FINITE AMOUNTS AND FRANKLY, THE DEPARTMENT OF DEPENDENCE -- DEFENSE DID NOT BUY ANY IN

FISCAL YEARS 24 AND 25. SO THAT MEANS THERE IS A SCARCE NUMBER THAT EXISTS. AND WITH THE AMOUNT OF THE RATE THAT THEY ARE BEING FIRED AT, THERE IS NOT THE SAME RATE OF PROCUREMENT AS WELL AS PRODUCTION.

AND SO THAT MEANS THAT FOR THESE LONG RANGE STANDOFF WEAPONS, THAT WOULD BE HIGHLY NEEDED IN A POTENTIAL SCENARIO AGAINST MORE ADVANCED ADVERSARIES, SAY POTENTIAL WAR WITH CHINA AND THE INDO PACIFIC, THOSE WOULD BE SO NEEDED BUT STOCKPILES MIGHT BE LOW.

THERE IS A QUESTION OF FUTURE U.S. READINESS.

AND ON THE AIR DEFENSE INTERCEPTORS, LISTEN, ANY CONFLICT AND FRANKLY PRE-CONFLICT, THERE IS NEVER ENOUGH AIR DEFENSE TO GO AROUND. WE HAVE SEEN THAT IN PLACES LIKE UKRAINE AND WE ARE SEEING THAT PLAY OUT RIGHT NOW.

I THINK THE COMPLICATING FACTOR HERE IS THAT SO MANY OF THE COUNTRIES THAT ARE POTENTIALLY RUNNING LOW ON AIR DEFENSE INTERCEPTORS ARE FRANKLY RELIANT ON U.S. EQUIPMENT.

AND THE U.S. CAN'T RAMP UP PRODUCTION IN ORDER TO BACKFILL THEM AS FAST AS POSSIBLE.

THERE'S ALSO THE EMPHASIS RIGHT NOW OF DRONES AS OPPOSED TO MISSILES. AND THAT IS DRIVING THE NEED

MISSILES. AND THAT IS DRIVING THE NEED FOR SOME OF THESE COUNTER DRONE SYSTEMS, WHICH FRANKLY THE U.S.

HAS NOT ROLLED OUT IN A HIGH NUMBER.

BECAUSE FRANKLY, THE U.S. IS KIND OF COMING A LITTLE BIT LATE TO THIS PROBLEM. SO RIGHT NOW, THERE IS THIS NEED FOR SOME ADVANCED MUNITIONS AS WELL AS AIR DEFENSE INTERCEPTORS.

BUT ALSO TECHNOLOGY TO GET AFTER A SERIOUS CRITICAL DRONE THREAT AS WE SAW WITH THE MIXED DRONE AND MISSILE ATTACK IN SAUDI ARABIA YESTERDAY. CHRISTINA:

WHAT'S THE TURNAROUND ON ORDERING UP A TOMAHAWK?

THE DEMONSTRATION DOES NOT WANT TO TELEGRAPH THAT THEY ARE DOING A MAJOR MILITARY MOVE BY BACK ORDERING THESE MILITARY MUNITIONS BUT ONCE THEY NEED -- ONCE THEY KNOW THEY NEED TO STOCKPILE, HOW LONG DOES IT TAKE TO MAKE THE DELIVERY?

BECCA: IT'S A STRONG SIGNAL OF DETERRENCE AND RESILIENCE IF THE U.S. CONTINUES TO ORDER THESE

THE U.S. CONTINUES TO ORDER THESE WEAPONS. THAT'S BECAUSE IT SIGNALS THERE

WEAPONS. THAT'S BECAUSE IT SIGNALS THERE WILL BE REPLENISHMENT. THERE IS GOING TO BE A NEED.

TO BE HONEST, MOST COUNTRIES AND POTENTIAL ADVERSARIES EXPECT THIS. PARTICULARLY IN A PROTRACTED

EXPECT THIS. PARTICULARLY IN A PROTRACTED CONFLICT FOR YOU HAVE THE POTENTIAL FOR THESE PERIODS OF FIGHTING AND THEN REST AND RECONSTITUTION.

IF WE ARE LOOKING AT THE NUMBER OF TOMAHAWK'S THAT WE SAID WERE EXPENDED, THE 850 PLUS 250 NUMBER, THAT'S ABOUT 15 YEARS WORTH OF PRODUCTION. THAT GIVES YOU A SENSE OF TIMELINES. NONE OF THESE ARE FAST. NONE OF

TIMELINES. NONE OF THESE ARE FAST. NONE OF

THESE COME UP THE PRODUCTION LINE VERY QUICKLY.

WE ARE OFTEN TIMES LOOKING AT YEARS, IF NOT LONGER.

PART OF THE DEPARTMENT'S EFFORTS RIGHT NOW ARE TRYING TO RAMP UP PRODUCTION. BUT I THINK A LOT OF THOSE GOALS OF RAMPING PRODUCTION ARE MORE IN THE 2030 TIMEFRAME.

IT WILL BE A WHILE BEFORE WE GET TO THAT PLACE. DAVID:

I WANT TO PLAY A CLIP OF THE SECRETARY OF STATE.

LET’'S LISTEN TO WHAT HE HAD TO SAY YESTERDAY IN FRANCE.

>> NOTHING YET HAS BEEN DIVERTED. BUT IT COULD.

IT'S NOT DIVERTED. THESE ARE NOT DIVERTED WEAPONS.

THESE ARE OUR WEAPONS. THESE ARE MILITARY SALES PAID FOR BY NATO. THE QUESTION AT SOME POINT IS IF WE HAVE A NEED, LET ME BE CLEAR, IF THE UNITED STATES HAS A MILITARY NEED, WHETHER IT IS TO REPLACE OUR STOCKS, WE ARE ALWAYS GOING TO COME FIRST. DAVID:

THERE HE IS, COLONEL SANDERS, TALKING ABOUT THE PROSPECT OF WEAPONS THAT HAVE BEEN EARMARKED FOR UKRAINE, MOVING TO THE MIDDLE EAST. WHAT DOES THE FACT WE ARE HAVING THESE CONVERSATIONS SAY ABOUT THE U.S.'S CAPACITY TO BE DEALING WITH THESE TWO WARS? COL. SANDERS:

IT HAS A LOCK FROM A DEMAND AND PRODUCTION PERSPECTIVE.

WHEN YOU LOOK AT RAMP UP PRODUCTION, RIGHT NOW IS ONE OF THE AREAS YOU HAVE SEEN A LOT OF MOVEMENT.

NINE POINT $8 BILLION FOR ADDITIONAL INTERCEPTORS TO LOCKHEED MARTIN, SPECIFICALLY FOR OUR PATRIOT SYSTEMS TO GET AFTER THAT. THREE DIFFERENT FRAMEWORK

AFTER THAT. THREE DIFFERENT FRAMEWORK ACQUISITION AGREEMENTS WERE MADE WITH BAE, HONEYWELL AND OTHERS TO QUADRUPLE THE RAMP-UP OF PRODUCTION.

THESE ARE DEALS THAT STARTED IN THE PAST. YOU HAVE SEEN, EVEN ON THE TOMAHAWK FRONT, WHERE YOU WOULD NORMALLY HAVE BETWEEN 70 TO 100 THAT ARE MADE PER YEAR, THEY ARE RAMPING UP TO OVER 300 IS THE PLAN FOR RTX.

AS WELL AS ANOTHER ONE. YOU ARE SEEING A RAMP-UP OF THE ENTIRE PRODUCTION CHAIN. SOME OF THAT CAN BE DONE WITHOUT HAVING TO PUT IT ON CAPEX.

YOU CAN STILL ACTUALLY THROW IN IT -- THROW IN ADDITIONAL LINES TO BE ABLE TO INCREASE THAT PRODUCTION RATE.

I TALKED PREVIOUSLY ABOUT THE FACT THAT YOU ALSO, FOR A MAJORITY OF THE THINGS THAT ARE GOING ON IN IRAN RIGHT NOW, THEY ARE POSITIONED GUIDED MUNITIONS, GPS GUIDED GRAVITY BOMBS THAT ARE DROPPED BECAUSE WE HAVE AIR SUPERIORITY.

THAT SAVES A LOT OF OUR TOMAHAWK MISSILES, KNOWN AS AMRAM MISSILES.

THOSE ARE OUR LONG-RANGE CAPABILITIES THAT WOULD BE USED IN 2027 AND BEYOND. THE PENTAGON HAS MADE THAT SHIFT TO TRY AND SAVE AS MANY OF THOSE AS POSSIBLE. DAVID:

CHRISTINE ONCE ASKED ABOUT COST BUT BEFORE WE GET THERE, BECCA, LET ME ASK YOU ABOUT THE PROSPECT OF THERE BEING A SEIZURE OF KHARG ISLAND. MY UNDERSTANDING IS THERE ARE 20,000 PEOPLE ON THE ISLAND. PLAY OUT WHAT A GROUND INVASION OF KHARG ISLAND WOULD LOOK LIKE. I MENTIONED WE HAVE 1000 MEMBERS OF THE 82ND HEADING TO THAT REGION.

IS THIS SOMETHING THAT WOULD BE DONE AREA ELITE?

WHAT DOES THAT LOOK LIKE? A VERY BASIC QUESTION. BECCA:

ESSENTIALLY WHAT YOU COULD HAVE IS THE MARINE EXPEDITIONARY UNIT DOING AN AMPHIBIOUS LANDING ON KHARG, TRYING TO SEIZE OUT SOME OF THE DEFENSES THAT HAVE BEEN REPORTEDLY BUILD UP ON KHARG ISLAND, EVEN AFTER THE U.S.

HAD STRUCK IT PREVIOUSLY TO TRY AND DEGRADE SOME OF THOSE DEFENSES. SO, YOU COULD HAVE BEEN

DEFENSES. SO, YOU COULD HAVE BEEN INITIALLY TRY AND SEIZE THE ISLAND AND HOLD TERRITORY AND MOVE TOWARD THE AIRSTRIP THAT THE U.S.

PREVIOUSLY BOMBED, BUT WOULD PROBABLY NEED TO TRY AND FIX, IN ORDER TO DROP THE 82ND IN. IT'S -- 82ND AIRBORNE DIVISION IN. WHILE THE U.S.

IN. WHILE THE U.S.

HAS GAINED AIRPORT SECURITY OVER IRAN, IT DOES NOT HAVE SECURITY OVER ALL OF THE COUNTRY AND THE STRAIT OF HORMUZ. IT'S AGAIN BECAUSE OF THE

HORMUZ. IT'S AGAIN BECAUSE OF THE MISSILE AND DRONE THREAT. THAT WOULD REQUIRE A GREAT DEAL OF ADDITIONAL RESOURCES, ISR, ADDITIONAL FIGHTERS, TRYING TO KEEP THE FORCES MOVING ONTO THE ISLAND OR BEING DROPPED ONTO THE ISLAND, TRYING TO KEEP THEM AS SAFE AS POSSIBLE AND TRYING TO NEUTRALIZE SOME OF THE THREATS BECAUSE IT IS STILL A CONTESTED ENVIRONMENT IN MANY RESPECTS.

SO, IT IS A HIGHLY RISKY ENDEAVOR, JUST TO GET FORCES ON THE ISLAND. LET ALONE BE ABLE TO CLEAR THE

THE ISLAND. LET ALONE BE ABLE TO CLEAR THE ISLAND OF ANY POTENTIAL THREATS AND TO BE ABLE TO HOLD IT OVER TIME. IF THE U.S. IS TRYING TO HOLD IT , AGAIN,

TIME. IF THE U.S. IS TRYING TO HOLD IT , AGAIN, THINK ABOUT ALL OF THE ADDITIONAL RESOURCES THAT WOULD BE REQUIRED.

IT WOULD REQUIRED 24/7 RECONNAISSANCE ASSETS.

IT WOULD REQUIRE SO MUCH CAPABILITY TO KEEP THOSE FORCES ON THE ISLAND, SAFE. AND THAT I THINK IS A BIG DEAL.

CHRISTINA: WE ONLY HAVE A MINUTE LEFT.

COLONEL SANDERS, I DO WANT TO ASK ABOUT COSTS.

YOU GUYS ARE ESTIMATING IT IS COSTING $15 BILLION TO $20 BILLION PER MONTH TO SUSTAIN THIS CONFLICT. BECCA:

IT'S -- COL. SANDERS: IT'S A WAR THAT'S NOT MEASURED IN YEARS, IT'S MEASURED OFF OF A $20 BILLION A MONTH BURN RATE.

$11 BILLION WERE SPENT IN THE FIRST SIX DAYS OF THIS WAR BUT THEN YOU HAVE TO PULL IT BACK AND SAY WE ARE NOW IN STEADY STATE OPERATIONS. WE ARE OVER $100 BILLION TOTAL

STATE OPERATIONS. WE ARE OVER $100 BILLION TOTAL AT THIS POINT IN TIME.

YOU SAW ABOUT $806 BILLION TO 1.7 TRILLION DOLLARS FOR OPERATION IRAQI FREEDOM TO PUT THAT INTO CONTEXT.

YOU ARE PAYING FOR MISSILES, CARRIER STRIKE GROUP OPERATIONS, SURGE CAPACITY IS, KEEPING THE SUPPLY CHAIN RUNNING 20 47 AS WELL AS THE INTELLIGENCE SURVEILLANCE AND RECONNAISSANCE ASSETS THAT ARE KEY OVER THAT REGION.

-- 24/7 AS WELL AS THE INTELLIGENCE SURVEILLANCE AND RECONNAISSANCE ASSETS THAT ARE KEY OVER THAT REGION. DAVID:

YOU CAN SEE THE COST ANALYSIS WE TALKED ABOUT AT THE END ON THE BLOOMBERG TERMINAL. IRAN SAID IT WILL FACILITATE AND EXPEDITE HUMANITARIAN AID THROUGH THE STRAIT OF HORMUZ.

THIS TENTATIVE PLAN IS A MAJOR BREAKTHROUGH FOR THE 20,000 SEAFARERS TRAPPED ON SHIPS IN THE STRAIT AS THE WAR CONTINUES WITH NO END IN SIGHT. CHRISTINA SPOKE WITH ARSENIO DOMINGUEZ EARLY THIS WEEK ABOUT THAT SITUATION. CHRISTINA:

MR. SECRETARY, THANK YOU FOR BEING WITH US.

THE NUMBER OF STRANDED SEAFARERS WAS HIGHER THE LAST TIME WE SPOKE RATE HAS IT COME DOWN AT ALL?

IS 20,000 ABOUT RIGHT AND HOW ARE THESE INDIVIDUALS DOING?

>> 20,000 IS ABOUT RIGHT. OF COURSE, THERE HAS BEEN VERY LITTLE MOVEMENT ON THE STRAIT OF HORMUZ.

WE ARE STILL VERY CONCERNED WITH THE HEALTH AND WELL-BEING OF THIS.

THE LONGER THIS CONFLICT GOES ON, THE MORE STRESS AND FATIGUE STARTS TO KICK IN. WE HAVE BEEN WORKING WITH THE STATES IN THE PERSIAN GULF TO PROVIDE THOSE ESSENTIAL GOODS THE SHIPS NEED IN ORDER TO STAY SAFE. CHRISTINA:

CAN I ASK A DUMB QUESTION? WHY CAN'T THEY JUST GO INTO PORT? WHY CAN'T THEY FIND SAFE HARBORS TO GO INTO?

PORT? WHY CAN'T THEY FIND SAFE HARBORS TO GO INTO?

IS IT A SIZE ISSUE? WHY CAN'T THEY COME IN?

SEC. DOMINGUEZ: WE ARE TALKING ABOUT NEARLY OR AROUND 2000 VESSELS. OF COURSE, THERE'S NOT ENOUGH CAPACITY FOR ALL OF THESE VESSELS IN THE AREA.

AS WELL AS THE FACT THAT SOME OF THOSE PORTS AND FACILITIES MIGHT BE TARGETED AS WELL. THE REALITY IS THERE WILL NOT BE SPACE FOR ALL OF THOSE SHIPS TO DOCK AT THE SAME TIME.

THERE IS ALSO NOT A POSSIBILITY TO CARRY OUT CREW CHANGES OR VERY LIMITED ONES, PARTICULARLY BECAUSE OF THE DISRUPTIONS INCLUDING AIR TRANSPORTATION. PLUS, IT WOULD BE VERY DIFFICULT TO HAVE VOLUNTEERS THAT WOULD GO AND MOVE INTO A SHIP THAT IS STILL IN A CONFLICT AREA.

I WOULD NOT BLAME ANYONE NOT WANTING TO GO THERE. CHRISTINA:

IT'S NOT SAFE OR EVEN VIABLE TO SWAP OUT THE CRUISE.

WHAT DO YOU DO?

IS THE U.N. WORKING ON AN EVACUATION PLAN?

THESE SHIPS WERE GOING ON VOYAGES THAT WERE GOING TO TAKE A LITTLE BIT OF TIME SO THEY HAD SOME SUPPLIES.

THEY HAVE TO BE RUNNING LOW BY NOW AND I WOULD IMAGINE THIS IS GETTING URGENT THAT YOU NEED TO GET THOSE SHIPS MOVING OR GET THOSE SEAFARERS OUT OF THERE. SEC. DOMINGUEZ: THAT'S CORRECT.

AND THAT'S WHY DE-ESCALATION IS THE MAIN MESSAGE.

THE REALITY IS WE ARE GRATEFUL.

THE COMPANIES, SHIPOWNERS AND SHIP OPERATORS, PROVIDING THAT ASSISTANCE IN ORDER TO ADDRESS MENTAL HEALTH AND FATIGUE.

JUST TO KEEP THEM INFORMED.

CHRISTINA: I'VE SEEN SOME OF THEM CALLING INTO SOME OF OUR SISTER COMPETING NETWORKS, SOME OF THE CAPTAINS HAVE BEEN DOING SOME INTERVIEWS.

I WOULD IMAGINE THAT'S DIFFICULT TOO.

COMMUNICATIONS AREN'T INCREDIBLY RELIABLE WHEN YOU'RE ON THAT KIND OF VESSEL. ARE YOU DOING ANYTHING -- LAST TIME YOU SAID YOU WERE CONCERNED ABOUT THEIR MENTAL HEALTH. ARE THERE PEOPLE THEY CAN TALK

HEALTH. ARE THERE PEOPLE THEY CAN TALK TO THROUGH THEIR COMPANIES OR ARE THEY TRYING TO HANG IN THERE UNTIL THEY CAN GET HOME AND SEE THEIR LOVED ONES?

SEC. DOMINGUEZ: THERE ARE ACTIONS THE COMPANIES ARE TAKING ON BOARD.

SOME HAVE ESTABLISHED HEALTH LIGHT -- HELP LINES 24/7.

WHAT WE ARE ALSO DOING ON BEHALF OF THE MEMBER STATES OF THE EYE AMMO IS, LAST WEEK, DURING THE ANNEXATION OF THE COUNCIL, WE AGREED TO MOVE FORWARD IN ESTABLISHING AN EVACUATION MECHANISM TO ALLOW THE SHIPS TO SAIL TO THE STRAIT OF HORMUZ.

CHRISTINA: HOW WOULD THAT WORK? CAN YOU GIVE US DETAILS ON HOW THE EVACUATION HUMANITARIAN CORRIDOR WOULD WORK?

YOU WOULD NEED AROUND TO SIGN ON FOR THAT -- IRAN TO SIGN ON FOR THAT, CORRECT? SEC. DOMINGUEZ: ABSOLUTELY.

THE REALITY IS THIS CONFLICT, BY BRINGING SHIPPING TO A STANDSTILL, IT'S AFFECTING US ALL GLOBALLY.

RIGHT NOW, THE FIRST STEPS IS HOW WE ARE GOING TO BRING THEM TOGETHER TO ALLOW US TO FOLLOW THROUGH WITH THE DECISION.

WE CAN CARRY OUT THE OPERATIONAL ASPECTS.

THE TRAFFIC SEPARATION SCHEMES, WHICH IS A CORRIDOR FOR THE SHIPS TO MOVE IN AND OUT IN THIS AREA ALREADY EXISTS, SINCE 1968. SO FOR US, IT'S VERY SIMPLE TO

1968. SO FOR US, IT'S VERY SIMPLE TO PUT THESE IN OPERATION.

WHAT WE NEED IS THE POLITICAL WILL FOR THE SHIPS TO START SAILING. STARTING WITH THOSE THAT HAVE

SAILING. STARTING WITH THOSE THAT HAVE BEEN RUNNING SHORT ON SUPPLIES AND THAT NEED SOME EVACUATIONS.

CHRISTINA: THE U.S. HAS OFFERED TO DO MILITARY ESCORTS ON SOME OF THESE SHIPS. DO YOU THINK THAT WOULD HELP OR HINDER THIS PLAN? DO YOU THINK IT WOULD MAKE IT HARDER FOR IRAN TO ACCEPT OR MAKE IT EASIER TO FACILITATE THE EVACUATION OF THESE SHIPS? SEC. DOMINGUEZ:

ONE OF THE CONCERNS I KEEP REPEATING IS THAT IT DOES NOT ELIMINATE 100% THE RISK OF A SHIP BEING TARGETED BY A DRONE OR A MISSILE. THAT WOULD PUT THE LIFE OF PEOPLE AT RISK, SOMETHING WE CANNOT ACCEPT.

WHAT WE ARE WORKING ON IS ASPECTS OF THE DIPLOMACY.

WE NEED TO REMEMBER THE STRAIT OF HORMUZ IS QUITE NARROW AND THE SHORTEST AREA IS AROUND JUST OVER 30 KILOMETERS WIDE.

IT NEEDS TO BE VERY PROPER COORDINATION IN COOPERATION BETWEEN ANY COUNTRIES THAT WILL PROVIDE THIS KIND OF ASSISTANCE.

BUT IT IS NOT SUSTAINABLE AND IT'S NOT A LONG-TERM SOLUTION.

CHRISTINA: IT SOUNDS TO ME LIKE YOU ARE SAYING YOU THINK IT IS SAFER TO HAVE A DIPLOMATIC AGREED TO HUMANITARIAN CORRIDOR THAT IRAN AND OTHER PARTIES HAVE SIGNED ON TO, RATHER THAN A MILITARY ESCORT WITH THE U.S.'S HELP.

SEC. DOMINGUEZ: ABSOLUTELY. IT'S FOR YEARS, FOR DECADES, THE STRAIT OF HORMUZ HAS BEEN OPERATING SHIPS IN AND OUT WITHOUT ANY ISSUES. ALL THE MEASURES HAVE BEEN IN PLACE FOR A. EVERY SINGLE MARINER KNOWS WHAT TO DO WHEN THEY GET TO BE STRAIT OF HORMUZ.

WHAT WE NEED IS TO DE-ESCALATE, ALLOW SHIPPING TO CONTINUE TO OPERATE AS NORMAL AND THAT IS SOMETHING WE CAN DO THROUGH DIPLOMACY AND NEGOTIATIONS. CHRISTINA:

I WANT TO ASK YOU ABOUT YOUR COMMUNICATIONS WITH IRAN.

ARE YOU SPEAKING TO THEM DIRECTLY OR THROUGH INTERMEDIARIES AND ARE YOU SPEAKING TO THE U.S.

DIRECTLY OR THROUGH INTERMEDIARIES? SEC. DOMINGUEZ:

I SPEAK TO ALL THE MEMBER STATES, THAT INCLUDES THE UNITED STATES AND IRAN, THEY HAVE REPRESENTATIONS HERE IN LONDON.

I WILL CONTINUE CONVERSATIONS WITH THEM FACE-TO-FACE, REMOTELY, YOU NAME IT. THE MAIN TASK THAT I CARRY OUT HERE IS MAINTAINING THAT ROLE INTO BRINGING THE PARTIES TOGETHER, HAVING THE CONVERSATIONS, FINDING THE WAYS THAT WE CAN AGREE ON HOW TO ASSIST THE RESULTS.

EVERY SINGLE COUNTRY REPEATED THE SAME MESSAGE, WE SHOULD NOT BE AFFECTED NEGATIVELY BECAUSE OF THESE GEOPOLITICAL SITUATIONS. WE NEED TO RESPECT FREEDOM OF

SITUATIONS. WE NEED TO RESPECT FREEDOM OF NAVIGATION AND THEY HAVE TO BE PROTECTED AND NOT USED AS COLLATERAL DAMAGE. CHRISTINA: PRESIDENT TRUMP HAS SAID THEY

COLLATERAL DAMAGE. CHRISTINA: PRESIDENT TRUMP HAS SAID THEY HAVE LET A TANKER OR TWO THROUGH, IS THAT ACCURATE?

SEC. DOMINGUEZ: WE ARE TRACKING MOVEMENT AROUND THE STRAIT OF HORMUZ. BEFORE THE CONFLICT STARTED, THERE WAS AROUND AN AVERAGE OF 130 VESSELS THAT WOULD PASS EVERY DAY. RIGHT NOW, THOSE NUMBERS ARE

EVERY DAY. RIGHT NOW, THOSE NUMBERS ARE VERY LIMITED, FROM TWO TO FIVE.

THERE ARE SOME CONVERSATIONS BETWEEN THE ISLAMIC REPUBLIC OF IRAN AND OTHER COUNTRIES TO GET SOME SHIPS TO SAIL THROUGH.

CHRISTINA: WE HAVE TALKED ABOUT THE HUMANS ON THESE SHIPS. THERE IS ALSO CONCERNED ABOUT SOME OF THE CARGO ON THESE SHIPS, INCLUDING FERTILIZER AND OTHER PERISHABLE GOODS. SOME OF IT COULD BECOME UNSTABLE AND DANGEROUS. SOME OF IT COULD BE ROTTING IN THESE CARGO HOLDS. HOW BIG OF A CONCERN IS THAT AND IS THAT LIKELY AT THIS POINT AND WHAT YOU DO ABOUT

THAT? SEC. DOMINGUEZ: RIGHT NOW, THOSE ARE THE

THAT? SEC. DOMINGUEZ: RIGHT NOW, THOSE ARE THE REASONS WHY THEY NEED TO HAVE -- ON BOARD THE SEA VESSELS.

THEY CAN MANAGE THOSE SITUATIONS AND TAKE ANY NECESSARY ACTION. THE MAIN ISSUE CONTINUES TO BE

NECESSARY ACTION. THE MAIN ISSUE CONTINUES TO BE THE SUPPLIES. ONCE WE HAVE THE EVACUATION

THE SUPPLIES. ONCE WE HAVE THE EVACUATION CORRIDOR IN PLACE, WE CAN TAKE ON BOARD -- RELATED TO THE CARGO ON BOARD.

CHRISTINA: SECRETARY ARSENIO DOMINGUEZ, THE U.N. MARITIME SECRETARY GENERAL.

THE U.N. MARITIME SECRETARY GENERAL.

THANK YOU FOR TALKING WITH US. I THOUGHT IT WAS INTERESTING HE SAID THAT WAS ONE OF THE REASONS THE SEAFARERS NEED TO STAY ON THE SHIPS, TO MONITOR THE CARGO.

IT'S NOT JUST FOOD THAT CAN PERISH BUT FERTILIZER THAT CAN BE DANGEROUS AND UNSTABLE IF IT IS LEFT TO ROT OR OVERHEAT.

THEY NEED TO STAY THERE BECAUSE IT IS HARD TO GET THEM OFF BUT BECAUSE OF THE SAFETY OF THE CARGO AND OTHER SHIPS IN THE AREA. DAVID:

AREA. DAVID: I KEEP GOING BACK TO THE LATEST EPISODE OF THE BIG TAKE PODCAST. I LOVE TO CROSS PROMOTE.

PODCAST. I LOVE TO CROSS PROMOTE.

WE ARE TALKING ABOUT THIS PARTICULAR STRAIT BUT THERE IS ALSO THE SUEZ CANAL, THERE ARE OTHER PLACES IRAN COULD WREAK SOME HAVOC. CHRISTINA: THE SAUDI'S HAVE REDOUBLED

SOME HAVOC. CHRISTINA: THE SAUDI'S HAVE REDOUBLED THEIR EFFORTS. THEY HAVE A FEW PIPELINES AND

THEIR EFFORTS. THEY HAVE A FEW PIPELINES AND THEY ONBOARD A NEW ONE THAT GOES OUT TO THE RED SEA.

THAT'S ALSO AN AREA THE HOUTHIS CAN HIT AND HAVE CUT OFF BEFORE. DAVID:

OFF BEFORE. DAVID: NOT TO PUT TOO FINE A POINT BUT THE FACT THE HOUTHIS HAVE ENTERED THE CHAT OR ENTERED THE WAR IS HUGE. THERE WAS SOME TALK OF WHAT THEY, WON'T THEY. THEY ARE GOING TO BE INVOLVED IN THIS GOING FORWARD. ISRAEL TRACKING THAT.

THAT STANDS TO ACCELERATE WHAT WE HAVE BEEN SEEING HERE.

CHRISTINA: AS THE IRANIAN REGIME IS DEGRADED OR OVERWHELMED, THEY NEVER HAD COMMAND OVER THESE PROXY GROUPS.

EVEN IF THEY WANTED IT -- DAVID: IT'S NOT JUST OIL TANKERS STUCK IN THE MIDDLE OF THIS CONFLICT, AMERICAN FARMERS ARE FEELING THE PINCH AS WELL. WE WILL TALK TO ONE OF THEM NEXT, COMING UP HERE ON BLOOMBERG THIS WEEKEND.

♪ LISA: THANK YOU FOR JOINING US LIVE.

LET'S GET YOU UP TO DATE WITH SOME OF THE BIGGEST STORIES.

TIGER WOODS WAS RELEASED ON BAIL AFTER BEING ARRESTED ON SUSPICION OF DUI. HIS LAND ROVER CLICKED A TRUCK AND ROLLED ONTO ITS SIDE YESTERDAY AFTERNOON IN HUBER ISLAND, FLORIDA. A BREATH TEST SHOWED NO ALCOHOL

ISLAND, FLORIDA. A BREATH TEST SHOWED NO ALCOHOL IN HIS SYSTEM. INVESTIGATORS BELIEVE HIS IMPAIRMENT WAS DUE TO MEDICATION OR DRUGS.

WOODS WAS PREVIOUSLY INVOLVED IN A CAR CRASH IN 2021 THAT LEFT HIM WITH SERIOUS INJURIES. ST. JOHN'S GAVE IT THEIR ALL BUT THEY LOST TO DUKE. 75-80. DUKE HEADS TO THE ELITE EIGHT ALONG WITH YUKON, MICHIGAN AND TENNESSEE.

IF YOU ARE KEEPING TRACK TODAY, IOWA IS TAKING ON ILLINOIS AND PURDUE CHALLENGES ARIZONA. YOU HEARD ABOUT AIRPORT SECURITY REACHING HISTORIC LINE LEVELS -- WAIT TIME LEVELS.

NOW TRAVELERS ARE AVOIDING IT.

LOCAL ENTREPRENEURS ARE CHARTING AS MUCH AS $1200 TO WAIT IN LINE FOR PASSENGERS. THE SAME ONES THAT WAIT IN LINE FOR STORES AND RELEASES, NOW THEY ARE WAITING IN AIRPORTS FOR PEOPLE WHO DON'T WANT TO. THEY ARE GETTING SOME SERIOUS MONEY. CHRISTINA: I'VE NEVER FLOWN A PRIVATE JET.

MONEY. CHRISTINA: I'VE NEVER FLOWN A PRIVATE JET.

WHEN YOU FLY ON AIR FORCE TWO OR AIR FORCE THREE, THE MILITARY PLANES, IT'S THE JOY OF YOUR LIFE BECAUSE THEY GET ON THE PLANE -- BECAUSE YOU JUST GET ON THE PLANE.

THERE ARE NO BAGGAGE LIMITS. YOU JUST GET ON THE PLANE.

DAVID: NO ZIPLOC BAG REQUIRED. CHRISTINA:

IT'S LOVELY AND I MISS THE EXPERIENCE JUST A LITTLE BIT.

DAVID: THE SUPPLY CHAIN DISRUPTION BROUGHT BY THE IRAN WAR AFFECTING FARMERS.

>> FARMERS ARE VERY AFFECTED BY THE PRICE OF FERTILIZER.

FERTILIZER ACCOUNTS FOR ABOUT 25% OF THE COST FOR A FARMER.

AND THIS IS HAPPENING JUST AT SEEDING TIME, AS THEY ARE GETTING READY TO PLANT THEIR CROPS.

IT'S HAPPENING AT A TIME WHEN FARMERS HAVE BEEN REALLY BEATEN UP. THE TRADE WARS HAVE BEEN REALLY

UP. THE TRADE WARS HAVE BEEN REALLY HARD FOR FARMERS, FOR AMERICAN FARMERS I SHOULD SAY.

COVID WAS REALLY, REALLY HARD FOR FARMERS.

AND, RUSSIA'S INVASION OF UKRAINE AND THE ECONOMIC IMPACT WAS REALLY HARD FOR FARMERS. DAVID:

JOINING US IS JOHN BARTMAN. GREAT TO SEE YOU, JOHN.

I WANT TO START WITH FERTILIZER. KRISTI FREELAND SAID IT'S ABOUT 25% OF THE COST FOR FARMERS. WALK US THROUGH HOW MUCH YOU ARE PAYING FOR FERTILIZER EACH YEAR AND WHAT'S CHANGED IF ANYTHING OVER THE COURSE OF THE LAST FOUR TO FIVE WEEKS. JOHN:

I WANT EVERYBODY TO UNDERSTAND THAT BEHIND ME I HAVE TWO FERTILIZER TANKS. THOSE FERTILIZER TANKS HOLD

FERTILIZER TANKS. THOSE FERTILIZER TANKS HOLD LIQUID UREA.

LAST YEAR, THERE WAS ENOUGH TO PLANT 100 ACRES OF CORN.

LAST YEAR, THAT COST ME $11,000 TO FILL THOSE TANKS.

TWO WEEKS AGO, IT WAS $17,000. AND NOW TODAY IT IS CLOSE TO $21,000 AND CLIMBING. CHRISTINA: DO YOU HAVE WHAT YOU NEED TO START THE SEASON? I KNOW IT'S NOT JUST HOW MUCH IT IS COSTING BUT WHETHER OR NOT IT WILL GET TO YOU GUYS.

JOHN: THAT'S AN EXCELLENT POINT AND IT IS THE $64,000 QUESTION. I KNOW A LOT OF PEOPLE HAVE PREPAID FOR THEIR FERTILIZER. BUT ARE YOU GOING TO GET IT?

THE ANALOGY I'VE BEEN TELLING PEOPLE, IT WAS SIMILAR TO IF YOUR KID HAD A VIDEO THEY REALLY WANTED FOR CHRISTMAS AND YOU ORDERED IT IN OCTOBER AND COVID HAPPENED, WOULD YOU GET THAT GAME IN TIME? SAME THING WE ARE DEALING WITH NOW WITH FERTILIZER. DAVID:

WAS THERE ANYTHING ANALOGOUS TO WHAT WE ARE SEEING NOW?

WAS IT HARDER TO GET THE FERTILIZER THEN OR IS THIS SOMETHING YOU HAVE NOT EXPERIENCED BEFORE AS A FARMER?

JOHN: IT'S GETTING WORSE. WHAT PEOPLE NEED TO UNDERSTAND IS 20%, AT LEAST 20% OF THE DEMAND FOR FERTILIZER IS DUE TO TRUMP'S FIRST TRADE WAR. DURING THAT TIME PERIOD, BRAZIL MASSIVELY INCREASED THEIR ACREAGE.

THEY WENT FROM 80 MILLION ACRES TO 120 MILLION ACRES OF SOYBEANS. NOW THEY ARE PLANTING OVER 50

SOYBEANS. NOW THEY ARE PLANTING OVER 50 MILLION ACRES OF CORN. THEY WERE NEVER IN THAT CATEGORY BEFORE. THEIR SOIL IS NOT AS FERTILE AS

CATEGORY BEFORE. THEIR SOIL IS NOT AS FERTILE AS OURS IN THE MIDWEST. THEY NEED MORE FERTILIZER.

IN MANY AREAS OF BRAZIL, THEY HAVE YEAR-ROUND GROWING SEASONS.

WE NEED TO BE AWARE OF THAT. WE AS FARMERS ARE THE COLLATERAL DAMAGE IN ILLINOIS AND THE REST OF THE UNITED STATES. CHRISTINA: WE HAVE SOME SOUND FROM THE

STATES. CHRISTINA: WE HAVE SOME SOUND FROM THE PRESIDENT ON THE FARM BILL THAT I WANT YOU TO TAKE A LISTEN TO.

>> THANKS TO OUR TRADE DEALS, WE ARE SENDING OVER $40 BILLION OF AMERICAN SOYBEANS TO CHINA. I WANT TO THANK PRESIDENT XI JINPING OF CHINA. I SAID COULD YOU DO ME A FAVOR?

I SAID COULD YOU DOUBLE IT? AND HE SAID WHAT ARE YOU TALKING ABOUT? I SAID COULD YOU MAKE IT 40

TALKING ABOUT? I SAID COULD YOU MAKE IT 40 INSTEAD OF 20? AND HE OVERRODE ALL OF HIS PEOPLE AND SAID ALRIGHT, I WILL DO IT.

AND HE GOT 40 INSTEAD OF 20. NOW YOU CAN GO HOW AND BY BIGGER TRACTORS. I'M ASKING CONGRESS TO PASS THE

BIGGER TRACTORS. I'M ASKING CONGRESS TO PASS THE NEW FARM BILL.

TODAY, I'M REQUESTING -- SO WE HAVE YOU TAKEN CARE OF.

WE ARE PUSHING HARD FOR THE NEW FARM BILL. CHRISTINA:

IS THERE ANYTHING IN THAT FARM BILL THAT WILL HELP?

WILL IT HELP AND DO YOU THINK IT WILL PASS? JOHN:

WELL, HE ALSO SAID YESTERDAY TOO THAT I GAVE YOU $12 BILLION AND YOU FARMERS ARE MAKING SO MUCH MONEY RIGHT NOW. CHRISTINA:

HOW'S THAT GOING? [LAUGHTER] JOHN:

NOT TO MENTION WE ARE STILL WAITING FOR THE SUPPOSEDLY 8 BILLION METRIC TONS CHINA WAS GOING TO BUY AGAIN THIS MONTH TOO. WHO KNOWS WHAT THE GUY WILL SAY

TOO. WHO KNOWS WHAT THE GUY WILL SAY NEXT. AND IT'S JUST VERY, VERY UNFORTUNATE, THE SITUATION THAT

NEXT. AND IT'S JUST VERY, VERY UNFORTUNATE, THE SITUATION THAT WE ARE IN.

WE ARE IN MAN-MADE PRICES MADE BY DONALD TRUMP RIGHT NOW.

IT'S FRUSTRATING. WE NEED A FARM BILL.

I THINK THE REPUBLICANS ARE VERY NERVOUS ABOUT GETTING A FARM BILL PASSED. THEY WANT TO GET IT PASSED BECAUSE THEY DON'T WANT TO OPEN UP THE PANDORA'S BOX OF DEALING WITH THE SNAP PROGRAM AGAIN WHICH THEY RIPPED OUT DURING THE BIG BEAUTIFUL BILL. THERE WERE OTHER CONSERVATION PROGRAMS THAT ARE FUNDED LIKE THEY USED TO BE.

I'M NOT SURE I WOULD BE TALKING ABOUT SEQUESTRATION AND THE NEW MARKET WE SHOULD BE TALKING ABOUT THAT HAS BEEN PUT ON THE BACK SHELL THANKS TO THE TRUMP ADMINISTRATION.

I AM VERY BEARISH. THAT'S WHY I'M GROWING MORE CORN THIS YEAR. BECAUSE I KNOW AT LEAST I HAVE A MARKET FOR IT. DAVID: WE HAVE ABOUT A MINUTE LEFT.

THE PRESIDENT WAS SPEAKING IN FRONT OF THIS TRACTOR YESTERDAY AT THE WHITE HOUSE. HE SAID HE'S GOING TO GO TO JOHN DEERE AND OTHER COMPANIES AND SAY MAKE LESS EXPENSIVE FARM EQUIPMENT. PUTTING THAT ASIDE, HOW DO YOU

FARM EQUIPMENT. PUTTING THAT ASIDE, HOW DO YOU THINK ABOUT MAKING BIG CAPITAL INVESTMENTS LIKE THAT?

IS IT SOMETHING YOU CAN WEIGH AT THIS POINT IN TIME BECAUSE OF THE UNCERTAINTY? JOHN:

IS BAILOUT PROGRAM GAVE FARMERS $30 AN ACRE.

LAST YEAR, EVERY FARMER LOST $100 AN ACRE.

ACCORDING TO THE FARM BUREAU, THIS YEAR, EVERY SINGLE -- IS UNPROFITABLE. THERE'S A REASON ALL OF THE

UNPROFITABLE. THERE'S A REASON ALL OF THE EQUIPMENT THAT WAS SOLD WAS HALF OF WHAT IT WAS DURING BIDEN'S LAST YEAR IN HIS ADMINISTRATION. CHRISTINA:

IF THERE'S ONE THING THIS GOVERNMENT COULD DO FOR FARMERS ACROSS AMERICA, WHAT WOULD THAT BE? JOHN:

INCREASE OUR DEMAND FOR IT WE HAVE TO INCREASE THE DEMAND FOR OUR PRODUCTS.

-- INCREASE OUR DEMAND. WE HAVE TO INCREASE THE DEMAND FOR OUR PRODUCTS.

CANADA IS JOINING THE SOUTH AMERICAN FREE-TRADE AGREEMENT.

IT'S ABSOLUTELY CRAZY WHERE WE ARE IN A WORLD ECONOMY AND WE'VE BEEN EXPORTING FOOD SINCE THE COLONIAL DAYS AND THAT'S WHAT WE DO THIS COUNTRY, WE FEED PEOPLE.

THIS ADMINISTRATION NEEDS TO UNDERSTAND THAT. DAVID:

GREAT TO SPEAK WITH YOU.

WE HAVE THIS TIME WHEN USAID WAS TAKING SO MUCH OF WHAT FARMERS IN THE U.S. PRODUCED AND SENT IT TO PLACES AROUND THE WORLD AND THAT HAS CHANGED DRAMATICALLY OVER THE LAST YEAR PLUS. CHRISTINA:

MY GOAT WAS RESERVE GRAND CHAMPION AT THE FLORIDA STATE FAIR.

THERE WERE CHUCKLES FROM WE SAW ACROSS THE STUDIO.

FARMING IS HARD -- FROM LISA ACROSS THE STUDIO.

FARMING IS HARD. IT'S HARD ENOUGH WITH THE WEATHER AND NATURAL RESOURCES, LET ALONE ECONOMIC DEMAND AND SHIPPING AND THINGS LIKE FERTILIZER.

IT'S BECOMING VERY UNTENABLE AT A TIME WHERE IT'S ALREADY REALLY TOUGH. DAVID: WAS THERE A NAME FOR YOUR GOAT?

REALLY TOUGH. DAVID: WAS THERE A NAME FOR YOUR GOAT?

CHRISTINA: PEPPER THE GOAT. SHE WAS LOVELY. WE MISS HER.

DAVID: OPENAI DROPPING FUNDING FOR THE CREATION OF ITS VIDEO APP, SORA.

♪ CHRISTINA: WELCOME BACK. I AM CHRISTINA RUFFINI, HERE WITH DAVID GURA. OPENAI ABRUPTLY PULLED THE PLUG ON ITS POPULAR VIDEO CREATION SERVICE THIS WEEK, JUST MONTHS AFTER ITS DEBUT. DAVID: IS THIS A SIGN OF A SHIFTING STRATEGY IN THE TRILLION DOLLAR AI ARMS RACE?

MANDEEP SINGH JOINS US NOW. I REMEMBER WHEN THIS DEAL WAS ANNOUNCED WITH DISNEY. I WAS NOT SHY ABOUT MOCKING IT.

I THOUGHT ALL OF THIS INVESTMENT WE HAVE GOTTEN IN AI AND THE RESULT IS YOU HAVE WHISTLING MICKEY WALKLEY AROUND THE STREETS OF -- WALKING AROUND THE STREETS OF NEW YORK IN 2026. CHRISTINA: PEOPLE WERE EXCITED ABOUT THIS.

IN 2026. CHRISTINA: PEOPLE WERE EXCITED ABOUT THIS.

DAVID: THEY WORK MOMENTARILY. HOW DO YOU READ INTO THIS DECISION TO DISCONTINUE THIS?

>> WHEN YOU LOOK AT THE SUCCESS OF ANTHROPIC AND THE TRACTION THEY HAVE HAD OVER THE PAST THREE TO FOUR MONTHS, THEY HAVE BEEN ADDING BILLIONS IN REVENUE EVERY WEEK.

SO, WHY THAT HAS HAPPENED, IT'S BECAUSE -- HAS TAKEN OFF.

FROM AN OPENAI PERSPECTIVE, THEY HAD THEIR HANDS IN TOO MANY THINGS. OBVIOUSLY, THEY HAD THE CHATGPT

MANY THINGS. OBVIOUSLY, THEY HAD THE CHATGPT CONSUMER FOCUSED SUBSCRIPTION. BUT, WHEN YOU COMPARE THAT TO WHAT ANTHROPIC IS DOING, THEY HAD TO DO SOMETHING ABOUT IT AND IT SOUNDS LIKE THEY WANT TO NARROW DOWN THEIR FOCUS IN THIS CATEGORY OF CODING AGENTS. WHAT THAT MEANS IS THEY HAVE TO

SHIFT THE COMPUTE THAT THEY ARE USING FOR SOMETHING LIKE SORA, WHERE YOU NEED A LOT OF COMPUTE FOR THESE SHORT FORM VIDEOS, LOOK FOR TRADING AND INFERENCING.

I THINK THIS IS A STRATEGIC PIVOT, BECAUSE THEY SEE THE MARKET IS A LOT LARGER IN THIS AREA OF CODING AND THEY WANT TO GO AFTER THAT ALONG WITH ANTHROPIC. CHRISTINA:

DO YOU THINK WE WILL SEE MORE OF THIS?

ONE OF THE CRITICISMS OF HOW SOME COMPANIES ARE USING AI IS THEY ARE THROWING IT IS A CATCH ON AND IT WILL FIX EVERYTHING AND THERE IS NOT A LOT OF FOCUS AND STRATEGY TO IT.

AS IT IS GETTING MORE EXPENSIVE, DO YOU THINK WE WILL SEE MORE COMPANIES LASER TARGET WHAT THEY ARE DOING WITH THIS TECHNOLOGY?

>> THE ONE THAT COMES TO MIND IS META. CLEARLY, THEY HAVE BEEN INVESTING A LOT WHEN IT COMES TO THEIR CAPEX AND THEY DON'T REALLY HAVE A STRATEGY IN TERMS OF WHAT THEIR CORE FOCUS AREA IS . THE SAME QUESTION COULD BE ASKED ABOUT META.

IS . THE SAME QUESTION COULD BE ASKED ABOUT META.

MOST LIKELY, I THINK META WILL FOCUS ON THE CONSUMER SIDE, SIMILAR TO WHAT GOOGLE HAS BEEN ABLE TO DO WITH GENERATIVE AI TO THEIR CORE SEARCH AND HOW THEY HAVE CHANGED THEIR

STRATEGY FOR JIM AND I.

FROM -- FOR JIM AND -- G EMINI. DAVID: I HEARD HIM SPEAK.

HE TALKED ABOUT HOW THAT WAS ANTHROPIC'S GOAL, IT WAS A STRATEGIC DECISION THEY MADE. WE HAVE FOCUSED ON THE PRINCIPLES BETWEEN THESE COMPANIES, OPENAI AND ANTHROPIC.

IT SEEMS LIKE ANTHROPIC MADE THAT BET, THEY ARE REAPING SIZABLE REWARDS FROM IT. I WOULD LOVE FOR YOU TO WEIGH IN ON THIS. HOW OPENAI HAS DEALT WITH THAT.

THEY ARE DOING ENTERPRISE WORK BUT AS YOU POINT OUT, IT'S CONSUMERS WHO USE CHATGPT LARGELY.

HAS THAT COLORED OUR PERCEPTION OF WHAT THE COMPANY IS AND WHAT HE CAN DO GOING FORWARD?

>> ABSOLUTELY. WHEN I LOOK AT OPENAI'S REVENUE PROJECTIONS, THERE HAVE BEEN SOME LEAKS ABOUT WHAT THEY ARE GOING FOR THROUGH 2030 AND BEYOND.

TO GET TO 200 BILLION PLUS IN REVENUE, THEY HAVE TO DECIDE WHAT IT IS THAT WILL BE THE PRIMARY DRIVER.

IT SOUNDS LIKE IT WILL BE ON THE ENTERPRISE SIDE.

YES, THEY HAVE TO LAUNCH ADS AND THEY ARE DOING THAT IN PARALLEL. IT'S NOT GOING TO MONETIZE AT

PARALLEL. IT'S NOT GOING TO MONETIZE AT THE SAME RATE AS ENTERPRISE WORKFLOWS OR CODING AGENTS COULD DO BECAUSE IT'S REAL. RIGHT NOW, WE ARE SEEING A BILLION DOLLARS IN REVENUE FOR ANTHROPIC AND SOME OF THESE PRODUCTS. THAT IS THE KIND OF TRACTION

PRODUCTS. THAT IS THE KIND OF TRACTION YOU WANT OPENAI TO BE PARTICIPATING IN IN THE LARGE, ADDRESSABLE MARKET. TO MY MIND, THEY NEED THEIR

ADDRESSABLE MARKET. TO MY MIND, THEY NEED THEIR MODELS AND THE PRODUCTS TO BE FOCUSED IN THAT CATEGORY.

AND THAT'S WHAT THEY WILL BE DOING AT LEAST FOR THE NEXT THREE MONTHS. CHRISTINA: I WANT TO ASK YOU, IT HAS BEEN

THREE MONTHS. CHRISTINA: I WANT TO ASK YOU, IT HAS BEEN AN INTERESTING AND EVENTFUL WEEK ACROSS MARKET SECTORS.

TALK TO US ABOUT WHAT WAS GOING ON WITH TECH STOCKS THIS WEEK.

>> THIS HAS BEEN ONE OF THE WORST WEEKS FOR TECH STOCKS OVER THE PAST 50 YEARS. PARTLY, THAT HAS TO DO WITH WHAT'S GOING ON AT THE MACRO LEVEL.

CLEARLY INFLATION EXPECTATIONS GOING UP ARE NEVER GOOD FOR THE DIGITAL AD SPENDING. YOU SEE META AND ALPHABET REALLY UNDERPERFORMING FOR THE WEEK.

BEYOND THAT, THERE IS THAT RISK ASSOCIATED WITH THE RAMP-UP, EVEN THOUGH WE ARE TALKING ABOUT IT, TWO WEEKS AFTER NVIDIA SAID THEY HAVE THE LINE OF SIGHT TO A TRILLION DOLLARS WORTH OF REVENUE. AND THEY HAVE THAT CONSERVATIVE ESTIMATE BECAUSE THEY ARE NOT COUNTING SOME OF THE OTHER PRODUCTS THAT THEY FEEL WILL SEE TRACTION WITH THIS AI

BUILDOUT. FROM THAT PERSPECTIVE, YOU

BUILDOUT. FROM THAT PERSPECTIVE, YOU KNOW, THE MACRO SET UP, COUPLED WITH HIGHER INFLATION EXPECTATIONS IS WHAT'S DRAGGING DOWN SOME OF THESE MEGA CAP COMPANIES. BUT, THERE'S NO DOUBT THE

COMPANIES. BUT, THERE'S NO DOUBT THE DEMAND FOR AI INFRASTRUCTURE IS STILL INSATIABLE AND, FROM THAT PERSPECTIVE, EVERYONE WANTS TO INVEST IN AI RIGHT NOW.

THAT, I DON'T THINK, IS CHANGING ANYTIME SOON. DAVID:

THANK YOU FOR THE PERSPECTIVE. MANDEEP SINGH.

CHRISTINA, LOOKING AT THE WAY MARKETS PERFORMED YESTERDAY, IT WAS THE NASDAQ 100 -- THAT MANIFESTED IN THE TECH STOCKS.

THE GENERAL CONCERN ABOUT AI, LOOKING AT MEGA IPO'S COMING FROM SPACEX. CHRISTINA: THE DEMAND IS THERE BUT THE

FROM SPACEX. CHRISTINA: THE DEMAND IS THERE BUT THE APPLICATIONS ARE TBD IN A COUPLE OF CASES. DAVID:

CAN OUR NEXT HOUR, RETIRED GENERAL MARK KIMMITT WILL JOIN US AS THE WAR IN IRAN HITS THE ONE-MONTH MARK.

THAT IS COMING UP. ♪

>> AMERICAN TROOPS AS A NEW REBEL GROUP ENTERS THE WAR AND THE S&P SLUMP.

>> THEY HAVE TO OPEN UP.

THE STRAIT OF TRUMP -- HORMUZ. CHRISTINA:

WITH THE PRESIDENT AND SECRETARY OF STATE ARE SAYING ABOUT A TIMELINE. DAVID: NO DEAL FOR FUNDING HOMELAND SECURITY.

>> THERE IS CHAOS AT AIRPORTS THROUGHOUT THE LAND. DAVID:

HOUSE REPUBLICANS REVOLT, REJECTING A BIPARTISAN BILL FROM THE SENATE.

>> HE UNDERSTANDS EXACTLY WHAT WE ARE DOING AND WHY. CHRISTINA:

TIGER WOODS RELEASED FROM JAIL AFTER A ROLL CRASH AND DUI ARREST JUST TWO WEEKS BEFORE THE MASTERS.

NEW QUESTIONS ABOUT HIS FUTURE IN GOLF.

♪ WELCOME BACK TO "BLOOMBERG THIS WEEKEND" LIVE FROM BLOOMBERG WORLD HEADQUARTERS IN NEW YORK. DAVID:

IT IS SATURDAY, MARCH 28. A LOT OF NEWS OUT OF THE MIDDLE EAST. EAST-WEST PIPELINE IN SAUDI ARABIA.

EAST. EAST-WEST PIPELINE IN SAUDI ARABIA.

IT MET ITS TARGET OF 7 MILLION BARRELS A DAY.

FASCINATING CONVERSATION AND ABOUT -- ABOUT AN HOUR AGO ABOUT THE UAE'S INFRASTRUCTURE COMING BACK TO LIFE.

THE STRAIT OF HORMUZ STILL CRITICALLY IMPORTANT AND THERE HAS NOT BEEN MUCH INROADS MADE IN OPENING THAT UP. CHRISTINA:

THERE ARE OTHER WAYS BUT NOT OF THE VOLUME NEEDED TO KEEP THE SUSTAINED LEVEL OF PRODUCTION. THERE ARE NO REAL ALTERNATIVES AS WE GO FORWARD. IT IS SOMETHING WE WILL POSSIBLY BE HEARING MORE ABOUT. IT'S EXPENSIVE BUT IT MIGHT BE NECESSARY. AT THE MOMENT IT IS KIND OF A

NECESSARY. AT THE MOMENT IT IS KIND OF A WAITING GAME. DAVID: LET'S CHECK THE HEADLINES WITH

WAITING GAME. DAVID: LET'S CHECK THE HEADLINES WITH LISA MATEO. LISA:

LISA MATEO. LISA: THE DHS SHUT DOWN DRAGS ON AFTER HOUSE REPUBLICANS REJECTED FUNDING DEAL AND IMPROVE A DIFFERENT PLAN.

THE DEAL THEY REJECTED WAS CUT BY THEIR OWN GOP COUNTERPARTS IN THE SENATE. THE NEW PLAN IS AN EIGHT WEEK MEASURE TO FIND HOMELAND SECURITY.

BOTH CHAMBERS NOW AT A TWO-WEEK RECESS SO THERE IS NO END IN SIGHT FOR THE SHUTDOWN. IT SPARKED LONG DELAYS AT AIRPORTS WITH TSA SHORTAGES. PRESIDENT TRUMP ISSUED AN ORDER TO USE PRE-EXISTING FUNDS TO PAY TSA AGENTS.

DHS SAID THEY WOULD SEE PAYCHEX AS EARLY AS MONDAY.

THE WHO THESE ENTERED THE CONFLICT WITH A MISSILE STRIKE AGAINST ISRAEL. THE MILITANT GROUP SAID THEY

AGAINST ISRAEL. THE MILITANT GROUP SAID THEY WOULD CONTINUE OPERATIONS UNTIL STRIKES ON IRAN AND HEZBOLLAH IN LEBANON STOP.

NOW IRAN REPORTS MULTIPLE AREAS OF EASTERN TEHRAN WERE STRUCK TODAY. THE ASSOCIATED PRESS REPORTING

TODAY. THE ASSOCIATED PRESS REPORTING 15 U.S. TROOPS HAVE BEEN INJURED IN A

15 U.S. TROOPS HAVE BEEN INJURED IN A MISSILE STRIKE ON A SAUDI AIRBASE AFTER THE U.S.

AND ISRAEL BOMBED IRANIAN NUCLEAR AND STEEL FACILITIES.

IN MIAMI, PRESIDENT TRUMP REPEATED CALLS FOR IRAN TO OPEN THE STRAIT OF HORMUZ.

>> THERE ARE EIGHT SHIPS OF OIL COMING EDITOR ON -- COMING OUT OF IRAN AND THEY SAID WE WILL ADD AN EXTRA TWO.

WE HAD 10 SHIPS. THEN PEOPLE REALIZED WE WERE NEGOTIATING. WE ARE NEGOTIATING NOW.

NEGOTIATING. WE ARE NEGOTIATING NOW.

THEY HAVE TO OPEN IT UP. THEY HAVE TO OPEN UP THE STRAIT OF TRUMP -- I MEAN HORMUZ. LISA: IT DOES REMAIN LARGELY CLOSED BUT WE ARE LEARNING TWO INDIAN-BOUND AT TANKERS HAVE EXITED THE PERSIAN GULF. THAILAND SAID IT APPEARED -- SECURITY ASSURANCES FROM RON FOR SHIPS TO PASS TO THE STRAIT.

BRENT CRUDE ROSE ABOUT 4% ON FRIDAY.

STOCKS FELL TO THEIR LOWEST LEVELS IN MORE THAN SEVEN MONTHS. THOUSANDS OF PROTESTS AGAINST

MONTHS. THOUSANDS OF PROTESTS AGAINST THE POLICIES OF PRESIDENT TRUMP ARE EXPECTED NATIONWIDE.

ORGANIZERS ARE SAYING IT WILL BE THEIR BIGGEST SHOWING YET.

MORE THAN 3000 EVENTS HAVE BEEN PLANNED IN CITIES ACROSS THE U.S. SEVERAL MORE PLANNED ABROAD INCLUDING MEXICO AND CANADA.

U.S. SEVERAL MORE PLANNED ABROAD INCLUDING MEXICO AND CANADA.

DAVID: THE WORST WEEK FOR THE S&P 500 IN FOUR YEARS. A BRUTAL WEEK. THANK YOU VERY MUCH.

LAWMAKERS FACING A SPLIT SCREEN OF PRIORITIES.

PRESIDENT TRUMP SPEAKING AT A SAUDI BUSINESS FORUM, FOCUSING ON IRAN AND A POTENTIAL FUTURE CONFLICT.

>> AND CUBA IS NEXT. PRETEND I DID NOT SAY THAT PLEASE. PLEASE.

PLEASE. PLEASE.

PLEASE, MEDIA, DISREGARD THAT STATEMENT. DAVID: THERE IS THAT.

CONGRESSPEOPLE ARE WARRING OVER FUNDING FOR THE DEPARTMENT OF HOMELAND SECURITY AS THE PARTIAL GOVERNMENT SHUTDOWN BECOMES THE LONGEST DHS SHUT DOWN IN HISTORY. CHRISTINA:

JOINING US NOW IS KEVIN WHITELAW, MANAGING EDITOR FOR AMERICA'S WEEKEND. WHAT DO YOU WANT TO GET DONE

AMERICA'S WEEKEND. WHAT DO YOU WANT TO GET DONE FOR YOUR CONSTITUENTS AND IS THE WHITE HOUSE HELPING WITH THAT? KEVIN: IT IS ALL OVER THE MAP.

THAT? KEVIN: IT IS ALL OVER THE MAP.

LAWMAKERS HAVE BEEN HEARING FROM THEIR CONSTITUENTS AND MANY HAVE BEEN EXPERIENCING THESE LONG LINES AT AIRPORTS.

IT'S A PINCH POINT FOR PEOPLE THAT OFTEN GIVE TO POLITICAL CAMPAIGNS, BUSINESS FOLKS, ETC. MOST WANT TO FIND A WAY OUT OF IT, THAT PART OF THE CRISIS BUT YOU SAW THE TWO CHAMBERS PURSUE DIFFERENT WAYS OF GOING ABOUT IT, SHOWING THE SPLIT IS REALLY STUBBORN AND DEEP. THE DEMOCRATS ARE SIMPLY NOT READY TO ALLOW ANY KIND OF IMMIGRATION FUNDING TO BE

APPROVED IN ANY WAY. IN THIS CASE, I.C.E.

OPERATIONS HAVE BEEN FUNDED THROUGH TRUMP'S ONE BIG BEAUTIFUL BILL. IT'S ABOUT BEING SEEN VOTING

BEAUTIFUL BILL. IT'S ABOUT BEING SEEN VOTING FOR THE POLICIES THAT LEAD TO SITUATIONS IN MINNEAPOLIS AND ELSEWHERE. DEMOCRATS FOUND A WAY WITH THE

ELSEWHERE. DEMOCRATS FOUND A WAY WITH THE SENATE REPUBLICANS TO SAY LET'S JUST FIND EVERYTHING ELSE IN THE DEPARTMENT AND WE WILL LEAVE THE IMMIGRATION STUFF ASIDE ON THE MORE PARTISAN HOUSE -- THE FREEDOM CAUCUS AND THE FAR RIGHT LAWMAKERS SAID THAT IS NOT WHAT IS GOING TO HAPPEN. THEY FORCED A DIFFERENT WAY

HAPPEN. THEY FORCED A DIFFERENT WAY THROUGH THAT CHAMBER ON A VERY, VERY PARTISAN VOTE THAT WOULD HAVE BEEN A SHORT STOPGAP MEASURE. WE ARE NOWHERE.

CONGRESS IS A WAY NOW. THAT IS NOT GOING TO MOVE.

TRUMP CITED THIS EXECUTIVE ACTION TO PAY -- SIGNED THIS EXECUTIVE ACTION TO PAY WORKERS. DOES THAT MEAN THEY ARE GETTING ONE PAYCHECK OVER ALL THEIR BACKPAY? WE'VE HAD SOME SLIGHTLY CONFLICTING INFORMATION SO WE ARE GOING TO BE WATCHING IN THE NEXT COUPLE OF DAYS TO SEE HOW QUICKLY THAT HAPPENS AND WHETHER OR NOT THAT IS ENOUGH TO CHANGE THINGS.

THESE WORKERS ARE NOT GOING TO HAVE PAYCHEX GOING FORWARD NECESSARILY. DAVID: LAWMAKERS WILL GET AN EAR FULL

NECESSARILY. DAVID: LAWMAKERS WILL GET AN EAR FULL FROM CONSTITUENTS OVER THE COURSE OF THE RECESS ON THIS MATTER, WHAT'S HAPPENING WITH TSA.

WHEN THEY GET BACK THEY WERE EXPECTING TO GET THIS PROPOSAL FROM THE PENTAGON, A $200 BILLION SUPPLEMENTAL.

LET'S LISTEN TO WITH THE PRESIDENT SAID ABOUT THE PATH FORWARD LAST NIGHT.

>> WE ARE GOING AFTER TARGETS. THEY HAVE NO ANTIAIRCRAFT.

WE ARE JUST LOOKING FOR WHATEVER WE WANT.

WE ARE HITTING IT AND WE HAVE ANOTHER 3554 TARGETS LEFT AND THAT WILL BE DONE QUICKLY. AT SOME POINT WE WILL HAVE TO DETERMINE WHAT WE DO. DAVID: A LOT OF SPECIFICITY.

3554 TARGETS. LAWMAKERS WANT MORE SPECIFICS ABOUT THE PATH FORWARD.

HOW BIG AN ISSUE IS THIS, THAT SUPPLEMENTAL GOING TO CONGRESS?

KEVIN: WE DON'T KNOW WHAT THE FINAL SHAPE OF IT WILL BE. IT'S AN APPROXIMATE NUMBER AND A BIG NUMBER FOR WHAT THEY ARE TALKING ABOUT AND THE KIND OF OPERATIONS FOR A WHERE THAT IS SUPPOSEDLY ALMOST OVER.

IT'S ALREADY BEEN WON IF YOU HAVE LISTENED TO WITH THE PRESIDENT SAID. IT'S ALMOST OVER ARE THERE ARE

PRESIDENT SAID. IT'S ALMOST OVER ARE THERE ARE 3000 TARGETS LEFT TO HIT. EVERYONE IS TRYING TO FIGURE OUT WHAT THE STRATEGY IS. HOW DOES IRAN REACT?

IT IS IRAN READY TO GO ALONG WITH TWO WHAT -- WITH WHAT THE U.S. IS LOOKING FOR? WE HAVE SEEN LITTLE SIGN ACTUAL

U.S. IS LOOKING FOR? WE HAVE SEEN LITTLE SIGN ACTUAL NEGOTIATION GOING ON. LAWMAKERS WILL BE DEALING WITH THAT QUESTION AS THEY GET THE BUDGET REQUEST AND THE SUPPLEMENTAL. IS THERE A STRATEGY AND WHAT

SUPPLEMENTAL. IS THERE A STRATEGY AND WHAT ARE WE REALLY NEEDING TO DO IF THEY ARE TRYING TO FIGURE OUT HOW BOTH TO GO AFTER IRAN AND REBUILD THE STOCKS OF MISSILE DEFENSES THAT HAVE BEEN SEVERELY DEPLETED? DAVID:

KEY QUESTIONS. KEVIN WHITELAW, THANK YOU VERY MUCH. CHRISTINA: WE SPOKE TO SENATOR TODD YOUNG

MUCH. CHRISTINA: WE SPOKE TO SENATOR TODD YOUNG AND ELISSA SLOTKIN, DEMOCRAT FROM MICHIGAN.

THAT WAS I WAS SO FOR THE SENATE PASSED A DHS FUNDING PACKAGE WHICH THE HOUSE REJECTED.

A NEW FUNDING PACKAGE IS NOW STALLED ON THE HILL.

>> WE ARE FOCUSED SO MUCH ON FUNDING FOR THE DEPARTMENT OF HOMELAND SECURITY THAT THERE IS A STANDOFF BETWEEN THESE PARTIES. SENATOR YOUNG, WHERE ARE WE IN

PARTIES. SENATOR YOUNG, WHERE ARE WE IN THE PROCESS AND HOW MUCH CLOSER AWAY TO A RESOLUTION TO THE SHUTDOWN? SEN. YOUNG: I SPEAK IN A BROADLY BIPARTISAN

SHUTDOWN? SEN. YOUNG: I SPEAK IN A BROADLY BIPARTISAN WAY. SENATOR SLOTKIN AGREES WITH ME.

WAY. SENATOR SLOTKIN AGREES WITH ME.

WHERE WE ARE IS EXHAUSTED WITH THE ISSUE.

WE WANT TO COME TO TERMS IN A BIPARTISAN WAY.

WE WANT TO FUND TSA ON THE HOMELAND TO BE SECURE.

THERE HAVE BEEN SOME PRINCIPLED DISAGREEMENTS ABOUT I.C.E.

AND HOW THEY OPERATE. OTHER PUBLIC POLICY ISSUES THAT HAVE BEEN IN PLAY. WE ARE ALL GETTING MUCH CLOSER TO A MEETING OF MINDS ON THESE ISSUES. THAT IS MY SENSE.

OUR LEADERS ARE TALKING SOMETIMES THROUGH INTERMEDIARIES. THERE'S A SENSE OF URGENCY I

INTERMEDIARIES. THERE'S A SENSE OF URGENCY I FEEL HERE IN THE HALLS OF CONGRESS TO FINALLY GET THIS RESOLVED FOR THE AMERICAN PEOPLE. DAVID:

YOUR SENSE AS WELL, SENATOR SLOTKIN? SEN. SCOTT:

CAN WE ARE GOING ON TWO WEEKS OF HOME LEAVE -- SEN. SCO LOTKIN:

WE TRAVEL TO THE AIRPORTS TWICE A WEEK YOU HAVE TO FACE THE TSA OFFICERS KEEPING US SAFE WHILE ALSO NOT BEING PAID.

IT'S COMING TO A HEAD TO, AS IT SHOULD.

PERSONALLY I THINK WE ARE HAVING A BIG CULTURAL CONVERSATION ON THE ROLE OF I.C.E. IN LAW ENFORCEMENT IN OUR STREETS. THE MISSIONS OF ALL THE OTHER

STREETS. THE MISSIONS OF ALL THE OTHER PARTS OF HOMELAND SECURITY, AS A FORMER C.I.A.

OFFICER, I WORK ALONGSIDE THOSE OFFICERS MY CAREER.

I WOULD FUND THEM TODAY AND THERE'S A LOT OF OVERLAP.

WE NEED PEOPLE TO SIT DOWN, SHUT OUT THE NEWS MEDIA -- NO OFFENSE -- AND GET IT DONE SO WE CAN GO ON WITH OUR LIVES.

THERE'S A BIGGER QUESTION ABOUT WE ARE THE ONLY COUNTRY IN THE WORLD THAT CONSTANTLY LIVES IN THESE GOVERNMENT SHUTDOWNS AND ALLOWS PEOPLE WHO ARE PROTECTING US TO BE AT THE MERCY OF THESE POLITICAL CONVERSATIONS.

I WOULD BE IN FULL SUPPORT OF NOT HAVING THIS HAPPEN THREE TIMES IN A CALENDAR YEAR FOR THESE FOLKS.

I THINK THERE ARE BIGGER REFORMS WE NEED.

JUST GET HER DONE. WE KNOW WHAT WE NEED TO DO AND SIT IN A ROOM UNTIL YOU GET IT DONE. CHRISTINA:

IT DOES SEEM LIKE DEJA VU IS HAPPENING AGAIN AND AGAIN SOONER THAN IT USED TO. AT THE RISK OF CAUSING A RIFT IN THIS LOVELY BIPARTISAN TABLEAU WE HAVE GOING ON I WANT TO ASK BOTH EU QUESTIONS ABOUT WHAT'S GOING ON IN IRAN.

SENATOR SLOTKIN, FOUR WEEKS IN, DO YOU FEEL LIKE THE ADMINISTRATION IS A CLEAR STRATEGY? SEN.

SLOTKIN: I SERVED THREE TOURS IN IRAQ AS A CIA OFFICER. IT IS HARDER TO GET IT OUT OF THE WAR THAN IT IS TO GET DOWN THE WORK.

THE ARMED SERVICES COMMITTEE, THEY HAVE BEEN BREATHING US.

IT'S HARD TO UNDERSTAND WITH THE CLEAR OBJECTIVES ARE SO IT'S HARD TO UNDERSTAND EXACTLY HOW WE ARE DOING.

I HAVE NO LOSS FOR THE IRANIAN GOVERNMENT.

I WATCHED THEM IN THE MILITIA STILL FRIENDS OF MINE IN IRAQ.

UNLESS WE CAN HAVE SHIPS MOVE THROUGH THE STRAIT OF HORMUZ, UNLESS THE AVERAGE PERSON IN MICHIGAN IS ACTUALLY NOT PAYING FOR THIS WAR THROUGH THE PUMP, IT IS HARD TO SAY IT IS RESOLVED.

I HOPE WE ARE FIGURING OUT AT THE WHITE HOUSE EXACTLY HOW WE ARE GOING TO BRING THIS TO A RESOLUTION.

IT IS TOO SOON TO TELL WHETHER WE CAN CALL OURSELVES WINNING AND UNTIL THIS STRAIGHT --STRAIT IS OPEN WE ARE NOT.

CHRISTINA: ANY IDEA WITH THIS MARINE EXPEDITIONARY UNITS AT 82ND ARE PLANNING TO DO WHEN THEY ARRIVE?

SEN. YOUNG: I DON'T HAVE GREAT CLARITY ON THAT. THAT'S AN OPERATIONAL MATTER

THAT. THAT'S AN OPERATIONAL MATTER AND I BELIEVE CONGRESS HAS AN IMPORTANT OVERSIGHT ROLE TO PLAY ON SUCH QUESTIONS. THAT'S THE PREROGATIVE OF THE ARMED SERVICES COMMITTEE AND THE FOREIGN RELATIONS COMMITTEE AND I INDICATED PUBLICLY IN THE PAST I THINK WE NEED TO HOLD MORE HEARINGS. MORE PUBLIC HEARINGS BEFORE WE

MORE HEARINGS. MORE PUBLIC HEARINGS BEFORE WE GET INTO MAJOR ENGAGEMENTS. I KNOW THE PRESIDENT IS DETERMINED TO DEGRADE ANY NUCLEAR WEAPONS DEVELOPING CAPABILITIES OF THE ISLAMIC REPUBLIC OF IRAN.

HE IS DETERMINED TO MAKE SURE THE IRANIAN PROXIES OF THIS LARGEST STATE SPONSOR OF TERROR IN THE WORLD ARE DEGRADED AS WELL. WE ARE MAKING GOOD PROGRESS ON

WELL. WE ARE MAKING GOOD PROGRESS ON THAT. CAN THE MISSILE CAPABILITIES OF

THAT. CAN THE MISSILE CAPABILITIES OF THIS -- AND THE MISSILE CAPABILITIES ARE BEING DEGRADED.

WE HAVE MADE SOME POSITIVE PROGRESS.

I THINK SO MANY OF US, THE AMERICAN PEOPLE, MY HOOSIER CONSTITUENTS AND ALL ACROSS THE COUNTRY WANT US TO BRING THIS TO AS QUICK OF A CLOSE AS POSSIBLE.

IF WE CAN INDICATE ACROSS THOSE THREE MEASURES THAT I LAID OUT WE MADE SOME REAL PROGRESS AND COME UP WITH A NEGOTIATED DIPLOMATIC SOLUTION TO OPEN UP THE STRAIT OF HORMUZ ON AN ONGOING BASIS, I THINK THE PRESIDENT CAN RIGHTLY DECLARE A VICTORY AND THE AMERICAN PEOPLE CAN RESUME THEIR ECONOMIC

ACTIVITY AND WAYS OF LIFE. OUR MEN AND WOMEN OF UNIFORM PERFORMING SO NOBLY AND HEROICALLY CAN BE SAFE AND SECURE AND PROUD OF THEIR MISSION. DAVID:

A QUESTION ABOUT THAT $200 BILLION SUPPLEMENTAL BEING FLOATED BY THE PENTAGON. IS IT SOMETHING YOU SUPPORT?

WHAT WOULD IT TAKE FOR YOU TO SUPPORT IT? SEN. SLOTKIN:

WE HAVE SEEN IT FLOATED BUT NOTHING IN BLACK-AND-WHITE.

SOMETHING I COMMIT TO MY CONSTITUENTS IN MICHIGAN AS I READ EVERYTHING. I WILL LOOK AT EVERYTHING

READ EVERYTHING. I WILL LOOK AT EVERYTHING OBJECTIVELY. I WILL SAY AT THE HEIGHT OF THE

OBJECTIVELY. I WILL SAY AT THE HEIGHT OF THE WAR IN IRAQ AND AFGHANISTAN BUT WE HAD HUNDREDS OF THOUSANDS OF TROOPS DEPLOYED, THINGS WERE NOT GOING PLACES WELL IN PLACES LIKE IRAQ, THE BIGGEST SUPPLEMENT THAT WE APPROVED WAS $100 BILLION. THE ASK IS $200 BILLION.

$100 BILLION. THE ASK IS $200 BILLION.

I WILL LOOK AT ANYTHING AT THAT SIZE.

I'M SKEPTICAL AFTER GETTING IT OUT AN EXTRA 150 BILLION DOLLARS THIS PAST SUMMER ON TOP OF THE NEARLY ONE TRILLION DOLLAR PENTAGON BUDGET THAT THEY GOT LAST YEAR, I'M SKEPTICAL I WILL BE JUST RUBBERSTAMPING ANYTHING LIKE THAT. I THINK THE AMERICAN PEOPLE ARE

THAT. I THINK THE AMERICAN PEOPLE ARE CONCERNED ABOUT SPENDING THAT KIND OF MONEY.

I WILL ALWAYS READ EVERYTHING. THAT IS MY OBLIGATION AND WE HAVE NOT SEEN ANYTHING FORMALLY. SEN. YOUNG:

WE NEED TO BE SKEPTICAL. THAT'S OUR JOB, TO SCRUTINIZE INDIVIDUAL LINE ITEMS OF SPENDING REQUESTS RATHER THAN JUST GIVING THE GREEN LIGHT TO THE TUNE OF 200 BILLION DOLLARS IS REQUESTED. THE ARMAMENTS WE HAVE BEEN

IS REQUESTED. THE ARMAMENTS WE HAVE BEEN EXPENDING TO CARRY OUT THESE OPERATIONS HAVE BEEN INCREDIBLY EXPENSIVE. AS WE ADAPT TO THIS NEW AGE OF

EXPENSIVE. AS WE ADAPT TO THIS NEW AGE OF WARFARE WE HAVE TO INVEST IN OTHER TYPES OF ARMAMENTS WHILE REPLENISHING THESE OLDER SCHOOL ARMAMENTS.

THAT TRANSITION -- THAT CAN BECOME EXPENSIVE AS WE MAKE THE TRANSITION. I ENTER THIS EXERCISE TO LOOK

TRANSITION. I ENTER THIS EXERCISE TO LOOK INTO THE REQUESTED SUPPLEMENTAL PACKAGE OBJECTIVELY.

I WANT TO SUPPORT CARRYING OUT THE DETERRENCE MISSION SO WE DON'T HAVE TO FIGHT ANY MORE WARS, WHICH IS THE MOST EXPENSIVE THING FOR THE AMERICAN PEOPLE.

I WANT TO MAKE SURE WE HAVE EVERYTHING POSSIBLE NEEDED TO AVOID ANY FUTURE CONFLICT. CHRISTINA:

SENATORS, THANK YOU SO MUCH. I APPRECIATE YOU BOTH TAKING THE TIME AND GOOD LUCK WITH THE LEGISLATION. SEN. YOUNG:

THANKS SO MUCH. CHRISTINA: THAT WAS NICE TO HAVE.

I CAN'T REMEMBER THE LAST TIME WE HAD TWO SENATORS TOGETHER.

DAVID: SENATORS YOUNG AND SLO TALKINGT ABOUT THE FORTHCOMING REQUEST FOR 200 BILLION DOLLARS IN SUPPLEMENTALKIN.

ON ELECTRICAL INFRASTRUCTURE. LOOKING AT LIVE PICTURES OF CENTRAL ISRAEL WHERE EMERGENCY CREWS ARE RESPONDING TO A SUSPECTED IRANIAN MISSILE ATTACK.

WE DON'T KNOW OF ANY INJURIES OR WHAT WAS TARGETED.

WHEN WE COME BACK WE WILL DISCUSS THE WORK, WHERE IT STANDS, WHERE IT'S HEADED WITH BRIGADIER GENERAL MARK KIMMITT RIGHT HERE ON "BLOOMBERG THIS WEEKEND" ON BLOOMBERG TELEVISION, RADIO, BLOOMBERG.COM . MORE TO COME.

♪ LISA: THANK YOU FOR JOINING US LIVE.

LET'S GET YOU UP-TO-DATE ON THE TOP STORIES.

MARCO RUBIO SAYS THE WEAPONS FOR UKRAINE HAD NOT YET BEEN DIVERTED TO THE MIDDLE EAST. >> IT HAS NOT HAPPENED YET.

NOTHING HAS BEEN DIVERTED BUT IT COULD. IT IS NOT DIVERTED.

THESE ARE NOT DIVERTED WEAPONS. THESE ARE OUR WEAPONS.

IT IS PAID FOR BY NATO.

IF WE HAVE A NEED, WHETHER TO REPLENISH OUR STOCKS OR FULFILL THE MISSION UNITED STATES, WE WILL ALWAYS COME FIRST. LISA:

HE WAS SPEAKING OUTSIDE OF A G7 GATHERING IN FRANCE YESTERDAY.

HE SAID THE WAR IN IRAN COULD TAKE WEEKS, NOT MONTHS.

PRESIDENT TRUMP'S PROMISING RELIEF FOR FARMERS AND SAYING HE SAVED FARMS BY ENDING ESTATE TAX. PRES. TRUMP:

WE SAVED 2 MILLION AMERICAN FARMS FROM EXTENSION BY ENDING THE UNFAIR ESTATE TAX, THE DEATH TAX.

YOU CANNOT KEEP HER FAMILY FARMS IN THE FAMILY. LISA:

TRUMP SAID LOAN GUARANTEES WOULD COVER FARMERS AND FOOD SUPPLIERS. SOURCES SAY META PLANS TO DEBUT

SUPPLIERS. SOURCES SAY META PLANS TO DEBUT TWO RAY SMART GLASS MODELS NEXT WEEK INTENDED FOR PRESCRIPTION WHERE'S. THE COMPANY HAD THAT LONG

WHERE'S. THE COMPANY HAD THAT LONG SUPPORTED PRESCRIPTION LENSES BUT THIS IS GOING TO BE THE FIRST TIME META IS INTRODUCING THE RAY BANS DESIGNED SPECIFICALLY FOR THAT GROUP OF PRESCRIPTION WHEREERS -- WEARERS. CHRISTINA: THE ONES I WAS WEARING EARLIER

WEARERS. CHRISTINA: THE ONES I WAS WEARING EARLIER WERE NOT META. MY MOTHER HATES THOSE GLASSES ANYWAY. DAVID: WHEN I BEING RECORDED?

ANYWAY. DAVID: WHEN I BEING RECORDED?

I DON'T KNOW. RIGHT NOW I AM. CHRISTINA:

WHAT'S IN THESE FRAMES? DAVID: THESE ARE BESPOKE. CHRISTINA:

GOOD LORD. I WILL MOVE ON QUICKLY AND TRY NOT TO ROLL MY EYES SO HARD I FALL OFF THE CHAIR. DAVID:

FOUR WEEKS SINCE THE START OF THE WAR WITH IRAN DESPITE INDICATIONS THE ADMINISTRATION IS NOT PREPARING FOR A GRAND, THE PENTAGON IS SURGING SHIPS AND TROOPS TO THE MIDDLE EAST.

CHRISTINA: JOINING IS NOW IS RETIRED BRIGADIER GENERAL MARK KIMMITT. I WANT TO ASK, WE HAVE SOUND FROM MARCO RUBIO ABOUT PUTTING GROUND TROOPS INTO THIS CONFLICT. I WANT YOU TO LISTEN TO THAT

CONFLICT. I WANT YOU TO LISTEN TO THAT QUICKLY.

>> WE WILL DESTROY THE FACTORIES THAT MAKE MISSILES AND ROCKETS AND DRONES, DESTROY THEIR NAVY, DESTROY THEIR AIR FORCE AND WE WILL SIGNIFICANTLY DESTROY THEIR MISSILE LAUNCHERS SO THEY CAN NEVER HIDE BEHIND THESE THINGS TO GET A NUCLEAR WEAPON. WE ARE ACHIEVING ALL HIS OBJECTIVES.

WEAPON. WE ARE ACHIEVING ALL HIS OBJECTIVES.

WE ARE AHEAD OF SCHEDULE ON MOST. WE CAN ACHIEVE THEM WITHOUT ANY GROUND TROOPS. CHRISTINA:

WITHOUT ANY GROUND TROOPS. DO YOU THINK IT IS CLEAR THE U.S. CAN ACHIEVE THOSE GOALS? WHAT ARE THOSE GOALS AND CAN

U.S. CAN ACHIEVE THOSE GOALS? WHAT ARE THOSE GOALS AND CAN THEY DO IT WITHOUT GROUND FORCES? GEN. KIMMITT:

TO ANSWER YOUR QUESTION, I THINK THEY CAN DO MOST, IF NOT ALL OF THAT WITHOUT GROUND FORCES.

IF THEY ARE TALKING ABOUT HARD DESTRUCTION OF MISSILE SITES, OF DISCOVERED NUCLEAR SITES AND THEIR NAVY.

IF THEY WANT TO CONDUCT SHORT-TERM OPERATIONS TO GO AGAINST THEIR SPEEDBOATS THAT HAD BEEN SO EFFECTIVE IN THE PAST, THAT WE SAW IN YEMEN WITH THE SINKING OF THE USS COLE BY THE SPEEDBOATS, THAT MIGHT TAKE TROOPS ON THE GROUND FOR A SHORT PERIOD OF TIME. THE KHARG ISLAND QUESTION BEGS THE QUESTION IF WE'RE GOING TO HAVE TO HAVE THE GROUND TROOPS THERE. DAVID: HOW ARE YOU THINKING ABOUT THAT

THERE. DAVID: HOW ARE YOU THINKING ABOUT THAT AT THIS POINT IN TIME? IT IS SOMETHING THE ADMINISTRATION HAS FLOATED. SOMETHING THE PRESIDENT HAS BEEN COY ABOUT PURSUING IT. AS WE APPROACH THE FIVE WEEK MARK, DOES IT MAKE STRATEGIC SENSE FOR YOU FOR THE U.S.

TO GET INVOLVED IN TAKING KHARG ISLAND? GEN. KIMMITT:

IT MAY MAKE SENSE TO TAKE KHARG ISLAND IF WE CANNOT GET THEM THROUGH THE STRAIT OF HORMUZ OR IRAN SETS UP THE TOLLBOOTH AS THEY SAY THEY'RE GOING TO DO. I DON'T THINK IT NEEDS TO BE DONE WITH GROUND TROOPS. I THINK GROUND TROOPS IS PROBABLY THE WORST OPTION OF ALL, BECAUSE WE WOULD HAVE TROOPS AT RISK. WE WOULD HAVE IRAN TIRING AT THOSE TROOPS AND PROBABLY DESTROYING SOME OF THE

INFRASTRUCTURE. WHAT IS THE PURPOSE OF TAKING

INFRASTRUCTURE. WHAT IS THE PURPOSE OF TAKING KHARG ISLAND? THAT IS TO PUT THE OIL

KHARG ISLAND? THAT IS TO PUT THE OIL TERMINALS AT RISK? WE COULD VERY WELL DO THAT WITH A CYBERATTACK ON THE ELECTRICITY THAT PUMPS THAT OIL INTO THE SHIPS. WE COULD GO AGAINST SOME OF THE PIPES AS WELL.

THE BEST WAY TO DO THIS IS BY A SHORT-TERM, QUICKLY REVERSIBLE MISSION THAT ALLOWS US TO CONTROL THE PUMPING GOING INTO THOSE TANKERS RATHER THAN PUT AMERICANS ON THE GROUND.

CHRISTINA: SOMETHING YOU SAID MIGHT BE KEY, QUICKLY REVERSIBLE.

ONE OF THE THINGS -- MILITARY AS WELL BUT DIPLOMATIC FOLKS ARE CONCERNED ABOUT IS THE FACT THAT IF THE U.S.

DESTROYS IRAN'S INFRASTRUCTURE AND ECONOMY, YOU ARE LESS LIKELY TO GET A FUNCTIONAL REGIME THAT CAN SUPPORT THE GOALS OF A POTENTIALLY DEMOCRATIC IRANIAN PEOPLE IF THEY CANNOT SUPPORT THEIR OWN ECONOMY. IF YOU DESTROY THE INFRASTRUCTURE, YOU WILL HAVE A FAILED STATE.

YOU THINK SOMETHING LIKE A COMPUTER VIRUS OR A CYBERATTACK WOULD BE BETTER BECAUSE THAT IS EASILY REVERSIBLE AND SOMETHING YOU CAN CLAWBACK WHEN YOU NEED TO? GEN. KIMMITT: YOU GOT IT.

WE HAVE THE ABILITY TO DISRUPT FOR PERIODS OF TIME THE FLOW OF OIL INTO THOSE TANKERS. I WANTED TO BE REVERSIBLE SO WHEN WE ACHIEVE OUR STRATEGIC OBJECTIVES WE CAN TURN THAT BACK ON FOR THE GOOD OF THE IRANIAN PEOPLE PRIMARILY. DAVID:

I WANT TO ASK ABOUT THE RELATIONSHIP BETWEEN THE U.S.

AND ISRAEL. WE TALKED ABOUT THIS OVER THE MORNING.

THE PRESIDENT INTENDED TO PAUSE PERSPECTIVE STRIKES ON ENERGY INFRASTRUCTURE AND POWER INFRASTRUCTURE IN IRAN, THEN NOT EVEN 24 HOURS AFTER THAT WE SAW ISRAEL GOING AFTER SOME OF THOSE SITES. WHAT DOES THAT TELL YOU ABOUT

THOSE SITES. WHAT DOES THAT TELL YOU ABOUT THE LEVEL OF COORDINATION AND THE WAY THESE TWO COUNTRIES AND ALLIES SEE THE WORK GOING DIRECTIONALLY FROM HERE ON OUT?

GEN. KIMMITT: WE HAVE TO UNDERSTAND COUNTRIES ACT IN THEIR OWN NATIONAL INTEREST, EVEN WHEN WORKING TOGETHER. FOR US, IRAN IS NOT A DAILY

TOGETHER. FOR US, IRAN IS NOT A DAILY EXISTENTIAL THREAT. FOR ISRAEL, IT IS A DAILY

EXISTENTIAL THREAT. FOR ISRAEL, IT IS A DAILY EXISTENTIAL THREAT WHICH WILL BE COMPOUNDED 1000 TIMES IF IRAN GETS A NUCLEAR WEAPON. IT IS NOT SURPRISE ME THAT EVEN THOUGH THE COORDINATION IS AS GOOD AS IT'S EVER BEEN, FAR BETTER THAN WHEN I WAS A RELIEF PLANNER, I UNDERSTAND WHY THERE

IS A DIVERSION AND NATIONAL INTERESTS.

YOU HAVE TO TAKE CARE OF YOUR NATIONAL INTEREST RATHER THAN COALITION INTERESTS.

CHRISTINA: ONE DAY VERGING INTEREST IS A NEW FRONT ISRAEL HAS OPENED UP IN LEBANON.

TODAY YOU HAVE AN ISRAELI OPPOSITION LEADER WARNING THE ISRAELI MILITARY IS STRETCHED TO THE LIMITS AND BEYOND.

THIS IS COMING AFTER THOSE ATTACKS AND THE CONFLICT IN GAZA. THEY ARE TAKING AND NOW GOING

GAZA. THEY ARE TAKING AND NOW GOING AFTER THE SECOND FRONT IN LEBANON.

DO YOU THINK ISRAEL CAN SUSTAIN THE EFFORT WITHOUT UNITED STATES? IF UNITED STATES PULLS OUT,

STATES? IF UNITED STATES PULLS OUT, WITHOUT ESSENTIALLY END THIS OPERATION ARE WILL ISRAEL TRY TO CONTINUE ON ITS OWN? GEN. KIMMITT:

WHAT IS HAPPENING IN LEBANON IS SEPARATE FROM WHAT'S GOING ON IN IRAN. LEBANON IS A UNILATERAL ISRAELI

IN IRAN. LEBANON IS A UNILATERAL ISRAELI OPERATION PROVIDING GROUND FORCES. THEY ARE STRETCHED.

ISRAEL DEPENDS TO A GREAT EXTENT ON THEIR RESERVE FORCES THAT ARE ONLY GOING TO FOR CERTAIN PERIODS OF TIME.

IT ISRAEL IS STRETCHED, THAT IS ON THE LAND FORCES.

IF WE PULL OUT AND ISRAEL WANTS TO CONTINUE THE AIRSTRIKES INTO IRAN, I DON'T THINK WE WOULD PULL OUT COMPLETELY.

IT WOULD BE MORE LIKE THE UKRAINE I THINK IT WOULD BE MORE LIKE A UKRAINE SITUATION, WHERE IF WE PULLED OUT WE WOULD STILL BE PROVIDING INTELLIGENCE, WE JUST WOULD NOT HAVE AMERICAN AIRCRAFT IN THE AIR. DAVID:

I WOULD LOVE FOR YOU TO PUT YOUR PLANNER HAT ON AGAIN.

YOU WERE THE LEAD PLANNER AT SIN, A WHILE BACK.

WHEN YOU HEAR THE PRESIDENT TALKING ABOUT THERE BEING 3005 HUNDRED 54 TARGETS LEFT AND WE ARE FLOATING OVER THE COUNTRY LOOKING FOR A WHATEVER WE WANT AND HITTING IT, HOW DO YOU REACT THAT?

EVEN THE GRANULAR WORK YOU DID, YOU SUPERVISED WHEN YOU WERE AT SYNCOM? HOW COMFORTABLE ARE YOU WITH

SYNCOM? HOW COMFORTABLE ARE YOU WITH THE LEVEL OF PLANNING THAT HAS BEEN DONE IN ADVANCE OF THIS OPERATION AND IS GOING ON RIGHT NOW? MARK:

THAT IS A VERY GOOD QUESTION. IN A BIT OF SELF-PROMOTION, I JUST WROTE AN ARTICLE ON THIS TALKING ABOUT THE VIETNAM BODY COUNT FALLACY. I THINK IT IS IMPORTANT TO

COUNT FALLACY. I THINK IT IS IMPORTANT TO UNDERSTAND THAT WE CANNOT COUNT ANY TARGET WE WANT FOR THE MOST PART INSIDE OF IRAN, BUT BLOWING UP STUFF DOES NOT NECESSARILY EQUATE TO STRATEGIC VICTORY.

THE IRANIANS ARE NOT STUPID. THEY HAVE TAKEN A RESISTANCE DEFENSE, NOT AN ACTIVE DEFENSE. THEY ARE SAYING, WE ARE GOING TO WAIT OUT THESE BOMBS, WE CAN HANDLE THEM.

WE ARE GOING TO DEPEND NOT ON OUR MILITARY CAPABILITY, BUT THE IMPATIENCE OF THE AMERICAN PEOPLE.

IF WE CAN HANG IN THERE, JUST LIKE THEY DID IN AFGHANISTAN, JUST LIKE VIETNAM, JUST LIKE THE ISRAELIS HAD DONE IN LEBANON, THEY WILL EVENTUALLY TIRE OF THIS.

THEY WILL PULL OUT AND EVEN THOUGH WE HAVE HAD A SIGNIFICANT AMOUNT OF DESTRUCTION, THAT IS FOR THE RESISTANCE. AND WE WIN, THEY LOSE.

RESISTANCE. AND WE WIN, THEY LOSE.

THEY BELIEVE THEY WIN BY NOT LOSING. CHRISTINA:

ARE THEY RIGHT?

MARK: I THINK THE FACT WE ARE ALREADY TALKING ABOUT POLITICAL OFF RAMPS, MILITARY OFF RAMPS, WORDS LIKE SECRETARY RUBIO THAT SAYS, IT IS A MATTER OF WEEKS, IF I WAS AN IRANI AND IN THE IRGC PLANNING DEPARTMENT I WOULD SAY, LET'S PUT ON OUR HELMETS AND WAIT UNTIL THIS IS GOING TO END. THE AMERICANS SAY THEY ARE

GOING TO BE DONE IN TWO WEEKS. THE WAR WILL BE OVER AND WE CAN GET BACK TO OUR NUCLEAR PROGRAM. CHRISTINA:

AS SOMEONE WHO HAS MILITARY EXPERIENCE AND SOMEBODY WHO WORKED AT THE STATE DEPARTMENT, THAT POLY-MILITARY AFFAIRS BUREAU, ARE YOU AT ALL CONCERNED ABOUT THE LACK OF SUBJECT MATTER EXPERTS BEING BROUGHT INTO THESE STRATEGY SESSIONS? BEING BROUGHT INTO THESE

SESSIONS? BEING BROUGHT INTO THESE NEGOTIATIONS? HAVE A SMALL CIRCLE OF PEOPLE.

NEGOTIATIONS? HAVE A SMALL CIRCLE OF PEOPLE.

SECRETARY RUBIO IS NATIONAL SECURITY DIRECTOR.

I HAVE TALKED TO SOME FOLKS WHO ARE NOT BEING CONSULTED WHEN IT COMES TO THESE NEGOTIATIONS. YOU HAVE JARED KUSHNER LEADING THE WAY ON MULTIPLE FRONTS. WOULD YOU LIKE TO SEE THE ADMINISTRATION RELY MORE ON SOME OF THESE FOLKS WHO HAVE SPENT THEIR LIVES STUDYING THIS, DO YOU THINK THEY HAVE IT HANDLED? MARK: I ALSO WAS HEAD OF THE MIDDLE

HANDLED? MARK: I ALSO WAS HEAD OF THE MIDDLE EAST BUREAU AT THE DEPARTMENT OF DEFENSE AS WELL, AND I SHARE THE CONCERNS THAT PEOPLE HAVE EXPRESSED BY THE FACT THEY ARE NOT BRINGING IN THE EXPERTS. BUT AS LONG AS I SEE PEOPLE LIKE DAN CAINE AS THE CHAIRMAN, I THINK THE MILITARY IN UNIFORM IS GOING TO BE OK.

BECAUSE HE REALLY IMPRESSED ME THROUGHOUT THIS MILITARY CAMPAIGN. NOT ONLY IN TERMS OF HIS

CAMPAIGN. NOT ONLY IN TERMS OF HIS PLANNING, BUT IN TERMS OF THIS COMMUNICATION WITH THE AMERICAN PEOPLE. I DO AGREE WITH YOU THAT THERE

PEOPLE. I DO AGREE WITH YOU THAT THERE MAY NOT BE AS MUCH ADVICE TAKEN WITHIN THE STATE DEPARTMENT, WITHIN THE NATIONAL SECURITY COUNCIL, THAT IS PRETTY MUCH BEING RUN BY THE SPECIAL ENVOYS. SO, YES, THERE IS A CONCERN, BUT I WOULD ALSO SUGGEST THAT WATCHING DECADES OF MIDDLE EAST

NEGOTIATIONS DONE BY THE SELF-APPOINTED EXPERTS, AND THEY HAVE GOTTEN NOWHERE, SOMETIMES YOU NEED PEOPLE TO COME IN AND BREAK THE GLASS. NONETHELESS, I HAVE BEEN SURPRISED THAT -- AT A COUPLE OF THINGS THAT HAVE GONE ON WITH REGARDS TO THE IRAN WAR, BUT BY AND LARGE THE EXPERTS COULD HAVE ADDED MARGINALLY, BUT THIS IS NOT LIKE THE CROWD THAT SAYS, IF WE HAD -- IF THEY HAD NOT LISTENED TO US WE WOULD

NOT HAVE GONE INTO IRAQ. THAT IS NOT THE CASE HERE.

DAVID: GENERAL MARK KIMMITT, THANK YOU FOR YOUR PERSPECTIVE AS WE MARK THE START OF THE FIFTH WEEK OF THIS WAR, CHRISTINA. YOUR POINT IS A VERY GOOD ONE.

NOT NECESSARILY THE FACT THAT IT IS STEVE WITKOFF LEADING THOSE NEGOTIATIONS, WHAT IS THE APPARATUS SURROUNDING HIM?

HOW MUCH IN THE WAY OF EXPERTISE IS HERE ABLE TO DRAW FROM? CHRISTINA:

FROM? CHRISTINA: THERE IS A GOOD COUNTERARGUMENT THAT SOMETIMES THOSE CONTEMPLATIVE, SMART PEOPLE CAN ALSO BE PARALYTIC WHEN IT COMES TO BUREAUCRACY, WHEN IT COMES TO CONTEMPLATION, AND THEY DON'T ACT. SOMETIMES IT IS GOOD TO GET

DON'T ACT. SOMETIMES IT IS GOOD TO GET SOMEONE TO SHAKE IT UP AND MOVE IT FORWARD.

BUT THERE ARE A LOT OF PEOPLE TO -- A LOT OF PEOPLE WHO WOULD LIKE TO ADVISE, NO MATTER WHAT THE OBJECTIVES OF THE WHITE HOUSE ARE. AND THEY FEEL LIKE THEY ARE NOT

HOUSE ARE. AND THEY FEEL LIKE THEY ARE NOT USED AS THEY COULD BE. DAVID:

WHEN YOU MOVE FAST AND BREAK ANGST, SOMETIMES AT WORK, AND SOMETIMES IT DOESN'T. CHRISTINA: TECH STOCKS ARE TAKING A BEATING. DETAILS ON WHAT COULD BE THE

BEATING. DETAILS ON WHAT COULD BE THE BIGGEST IPO EVER. THIS IS BLOOMBERG "THIS WEEKEND." STAY TUNED.

WEEKEND." STAY TUNED.

♪ >> THANK YOU FOR JOINING US LIVE. I'M LISA MATEO.

TIGER WOODS IS RELEASED ON BAIL AFTER BEING ARRESTED ON SUSPICION OF DUI. AUTHORITIES SAY WOODS' LAND ROVER CLIPPED A TRUCK AND ROLLED ONTO ITS SIDE IN JUPITER ISLAND, FLORIDA. A BREATH TEST DID SHOW NO

ISLAND, FLORIDA. A BREATH TEST DID SHOW NO ALCOHOL IN HIS SYSTEM. WOODS WAS PREVIOUSLY INVOLVED IN A CAR CRASH IN 2021 THAT LEFT HIM WITH SERIOUS INJURIES.

TO MARCH MADNESS, WHERE DUKE HAS ADVANCED, EATING ST. JOHN'S

80-75 THEY GAVE IT A GOOD RUN. IT WAS CLOSE FOR A BIT.

DUKE NOW HEADS TO THE ELITE EIGHT WITH MICHIGAN AND TENNESSEE TODAY. I WOULD TAKES ON ILLINOIS AND

TENNESSEE TODAY. I WOULD TAKES ON ILLINOIS AND PURDUE CHALLENGES ARIZONA. YOU KNOW WHO IS GOING TO BE WATCHING? THE GROUP OF BUSINESS AND

WATCHING? THE GROUP OF BUSINESS AND FINANCE EXECUTIVES TAKING PART IN BLOOMBERG'S ANNUAL BRACKETS FOR CAUSE. THEY PLAYED ABOUT $20,000,

FOR CAUSE. THEY PLAYED ABOUT $20,000, WHICH MEANS THERE IS MORE THAN $1.2 MILLION AT PLAY.

WE ARE TAKING A LOOK LIVE AT THE LEADER -- AT THE LEADER BOARD.

JEFF SMITH IS STAR BOARD VALUE MANAGING MEMBER.

BUT A FEW OTHER NAMES TO POINT OUT THERE.

JON HAS ALSO IN THERE, THE CEO. AND DAVID SOLOMON IS UP THERE AS WELL, GOLDMAN SACHS CEO. THEY ARE DOING PRETTY GOOD.

WE WILL SEE WHO COMES OUT ON TOP AT THE END. DAVID:

A SIZABLE CHARITABLE DONATION. LISA: THE EAST PICK -- THEY EACH PICKED THEIR OWN CHARITY. IT IS A BIG POT.

IF THEY EACH PLEDGED $20,000 THAT IS A LOT OF MONEY. DAVID:

MY BRACKET, VERY BUSTED. CHRISTINA: ALREADY? DAVID:

ALREADY. FIRST WEEKEND IT WAS BUSTED.

CHRISTINA: THIS IS WHAT I MEAN. EVEN YOU PEOPLE WHO KNOW WHAT YOU'RE TALKING ABOUT, I FEEL LIKE YOU COULD THROW THINGS AND YOUR ODDS ARE PUT IN MUCH THE SAME. THANKS, LISA.

THE WAR IN IRAN IS RATTLING THE MARKETS.

THE S&P 500 HAS FALLEN MORE THAN 7%, THE LAST FIVE WEEKS AND THE NASDAQ IS IN CORRECTION TERRITORY.

BUT NEWS THAT SPACEX IS TARGETING A BLOCKBUSTER OF AN IPO, 75 BILLION DOLLARS, COULD INJECT A LITTLE BIT OF ENTHUSIASM INTO THE MARKET. DAVID: JOINING US NOW IS BAILEY LIPSCHULTZ, SENIOR REPORTER HERE AT BLOOMBERG NEWS.

WE WANT TO TALK ABOUT THIS IPO. WE ARE WAITING FOR SPACEX TO FILE THIS PROSPECTUS. I WANT TO GET YOUR PERSPECTIVE.

THIS HAS BEEN A MARKET THAT HAS BEEN -- I WANT TO SAY COMPLACENT, BUT IT DOES SEEM LIKE THERE WERE DOUBTS AMONG INVESTORS AT THE END OF THE WEEKEND IT WAS A NASTY FRIDAY, TO SAY THE LEAST. BAILEY: IT WAS A NASTY FRIDAY AND IF YOU ARE AN INVESTOR ONE THING YOU HATE IS UNCERTAINTY AND THE OTHER IS BEING LONG STOCKS OR IN RISK ASSETS WHEN PRE-MUCH IT

IS ANYONE'S GUESS -- ANYONE'S GUESS WHAT THE NEXT 36 HOURS WILL LOOK LIKE. IT DID SEEM LIKE PEOPLE EITHER WERE ADDING UP VARIOUS HEDGES OR DUMPING ANYTHING THAT WAS PARTICULARLY RISKY, EVEN WE DON'T KNOW WHAT THE WEEKEND WILL BRING. WHEN YOU LAY THAT ACROSS THE

WILL BRING. WHEN YOU LAY THAT ACROSS THE ENTIRE MONTH THAT WAS MARCH, WE HAVE HAD A LOT OF VOLATILITY.

YOU TALK TO BULLISH INVESTORS, ONLY DOWN 5, 6, 7% DEPENDING ON THE INDEX YOU LOOK AT. THAT IS NOT THAT BAD, AND EVERY POTENTIAL HEADLINE THAT A RESOLUTION IS ON THE HORIZON TYPICALLY BRINGS A KNEE-JERK REACTION.

WHEN I TALK TO FOLKS ON WALL STREET THERE IS THIS RESOUNDING HOPE THAT THE PROBLEMS WILL BE ADDRESSED AND THE WAR WILL BE ENDED SOONER THAN LATER AND BUSINESS CAN GET BACK TO USUAL.

THERE ARE NOT MANY PEOPLE THINKING ABOUT WHAT HAPPENS IF THIS DRAGS ON FOR ANOTHER FOUR OR FIVE WEEKS.

CHRISTINA: WITH ALL OF THAT IN THE BACKDROP, WHY DO THIS NOW? WHY DOES SPACEX WANT TO DO THIS NOW? ARE THEY DEFINITELY DOING IT

NOW? ARE THEY DEFINITELY DOING IT SOON, OR MIGHT THEY WAIT, GIVEN THIS VOLATILITY? BAILEY:

THE THING WITH IPO'S, THEY CAN BE LONG, DRAWNOUT PROCESSES.

SPACEX EVERY DETAIL IS WATCHED. WE ARE WAITING FOR IS A CONFIDENTIAL FILING WHICH WILL KICKOFF THE POTENTIAL IPO PATH.

THE THING TO KEEP IN MIND IS SPACEX HAS BEEN VOCAL THROUGH VARIOUS MEDIA REPORTS THAT THEY WANT TO GO PUBLIC IN JUNE.

IF YOU THINK BACK TO .5 MONTHS, THE BACKDROP WAS QUITE DIFFERENT. WHEN YOU LOOK AT THE TIMEFRAME

DIFFERENT. WHEN YOU LOOK AT THE TIMEFRAME FOR SPACEX TO GO PUBLIC WE COULD BE IN A DIFFERENT MARKET BY THE TIME THE IT'S ON THE LAUNCHPAD AND POTENTIALLY GOES PUBLIC VERSUS WHERE WE ARE NOW, WHERE SUBMITTING THIS DOCUMENT TO THE SEC MAKES IT EASIER TO MARKET THE DEAL MORE FORMALLY TO INVESTORS AS OPPOSED TO SETTING ANY TYPE OF SHOT CLOCK,

IF YOU WILL. CHRISTINA: I HAVE A LOGISTICS QUESTION.

IS IT LIKE A DOJ FILING? DO YOU HAVE TO REFRESH THE PAGE, WAITING FOR THAT TO POP UP?

OR DO YOU KNOW THEY HAVE POSTED IT? BAILEY:

WITH THE JOBS ACT THEY OPENED UP CONFIDENTIAL FILINGS.

THEY COULD SUBMIT AND NO ONE KNOWS.

THIS COULD BE SOMETHING THEY ANNOUNCE VIA PRESS RELEASE.

THIS COULD BE SOMETHING COMPETITORS FIND FROM OUR SOURCING AND REPORT OUT. WE WERE JOKING WITH A FEW BANKERS -- IN THEORY THEY COULD HAVE SUBMITTED THIS A MONTH AGO AND WERE ABLE TO KEEP IT TIGHT-LEFT.

THIS IS THE ONE ASPECT OF THAT FILING AND THE BIG THING IS, YOU SUBMIT THE FILING CONFIDENTIALLY, THEN YOU WAIT A MONTH TO GO BACK AND FORTH WITH THE SEC FROM THEIR MAN THAT IS WHY THIS MARCH TIMEFRAME WAS SO CRITICAL FOR ELON TO MEET HIS GOAL OF GOING PUBLIC BY HIS BIRTHDAY, WHICH IS THE END OF

JUNE. DAVID: I HAVE TO GIVE YOU PROPS FOR

JUNE. DAVID: I HAVE TO GIVE YOU PROPS FOR USING "IPO ON THE LAUNCHPAD ." I WANT TO ASK YOU ABOUT WHAT THIS COMPANY IS PICKING UP OFF OF THAT.

A LOT OF PEOPLE THINK OF SPACEX AS A COMPANY THAT SHOOTS ROCKETS INTO SPACE. IT HAS GROWN TO SO MUCH MORE.

THIS IS A COMPANY THAT OWNS XAI, WHICH IS HEMORRHAGING MONEY AS IT TRIES TO BUILD UP AND BUILD NEW DATA CENTERS.

STARLINK HAS BEEN BRINGING MONEY IN.

AND WHAT WAS FORMERLY KNOWN AS TWITTER IS PART OF XAI, SUPPORT OF THIS CONGLOMERATE AS WELL. HOW DOES THAT COMPLICATE THE WAY INVESTORS ARE LOOKING AT THIS COMPANY AS AN INVESTMENT?

THE FACT THAT IT IS THIS MULTIFACETED CONGLOMERATE?

BAILEY: WHEN YOU THINK BACK TO FEBRUARY SPACEX WAS ARGUABLY ONE OF THE CLEANEST STORIES IN THE PRIVATE MARKET. IT WAS ESSENTIALLY A SPACE

MARKET. IT WAS ESSENTIALLY A SPACE MONOPOLY THAT OWNS LAUNCH, GETTING ROCKETS AND SATELLITES INTO SPACE, AND OWNING STARLINK, WHICH IS THE DOMINANT PLAYER IN POTENTIALLY GETTING -- ACTIVELY GETTING -- DIRECT TO CONSUMER, DIRECT TO CELL PHONE AND OTHER DEVICES INTERNET CONNECTION. NOW WITH THIS MERGER WHEN I

INTERNET CONNECTION. NOW WITH THIS MERGER WHEN I TALKED TO INVESTORS THE PITCH STILL IS HEAVILY PREDICATED ON THE OLD-SCHOOL SPACEX COMPANY, WITH XAI BEING PART OF THAT.

THE ONE THING TO KEEP IN MIND IS, IF YOU TALK TO MANY PEOPLE AND YOU PULLED AT THE SMARTEST PEOPLE ON WALL STREET, WHAT IS TESLA? IS IT A CAR COMPANY? IS IT A ROBOT COMPANY?

TESLA? IS IT A CAR COMPANY? IS IT A ROBOT COMPANY?

IS IT SOMETHING THAT IS GOING TO BE PARTNERING WITH SPACEX?

IT IS THE ENTIRE ECOSYSTEM, THAT ELON PREMIUM, THAT THESE COMPANIES ARE COMPLEX AND THERE ARE AREAS TO LOOK AT THAT CAN JUSTIFY HIGHER VALUATIONS. DAVID:

I'M GLAD YOU BRING UP TESLA. I THINK ABOUT THAT COMPANY AND HOW ELON MUSK VALUED THE TRUE BELIEVERS WHO STUCK WITH HIM EVEN AS TESLA WAS NOT ABLE TO MAKE AS MANY CARS AS IT SAID IT WOULD AS DEADLINES GOT PUSHED. ELON MUSK HAS A REAL AFFECTION FOR THE RETAIL INVESTOR. I'M CURIOUS HOW SPACEX IS GOING TO BENEFIT OR SERVE THOSE INVESTORS GOING FORWARD.

DO WE HAVE ANY SENSE OF HOW THEY WILL BE ABLE TO TAKE ADVANTAGE OF THIS IPO WHEN IT HAPPENS? BAILEY:

WE PUT OUT THE REPORTING THAT THEY COULD ALLOCATE 30% TO 35% OF THE IPO FOR RETAIL INVESTORS. IF THE COMPANY DOES RAISE $75 BILLION IT IS ABOUT 22.5 BILLION DOLLARS FOR RETAIL, WHICH WOULD BE THE THIRD-HIGHEST IPO IN THE HISTORY OF IPO'S. THAT COULD BE ALLOCATED TO RETAIL. TO YOUR POINT, THE BOARDROOM

RETAIL. TO YOUR POINT, THE BOARDROOM AND THESE BANKERS ARE DISCUSSING THE BEST WAY TO ALLOCATE SHARES TO THE TRUE BELIEVERS, PEOPLE WHO HAVE HELPED TESLA. MAY BE PEOPLE WHO OWN TESLA

HELPED TESLA. MAY BE PEOPLE WHO OWN TESLA CARS WILL BE ABLE TO GET BETTER ACCESS AT THE IPO.

AT THE END OF THE DAY FINDING $75 BILLION IN DEMAND, THERE IS ENOUGH CAPITAL OUT THERE. BUT BEING ABLE TO EXECUTE IN A WAY THAT DELIVERS FOR BOTH THE COMPANY AND INVESTORS IS GOING TO BE CLOSELY WATCHED. CHRISTINA:

HOW MUCH OF THIS IS TRYING TO GET AHEAD OF ANTHROPIC, AND WHAT DOES THIS MEAN FOR OPENAI AND ANTHROPIC? BAILEY:

IT IS A BIT OF A RACE AND SPACEX HAS CLEARLY SET THE QUICKEST TIMELINE TO CIRCLE THAT JUNE TARGET.

WE REPORTED THAT ANTHROPIC COULD GO AS SOON AS OCTOBER AND OPENAI IS KIND OF NET CAN DO, POTENTIALLY TRYING TO LINE UP THOSE PROSPECTS TO GO PUBLIC. WHEN WE THINK ABOUT 2026 AS A WHOLE WE COULD SEE ALL THREE OF THESE COMPANIES, OR IF THE VOLATILITY CONTINUES WE COULD SEE ONE OR TWO DRAG ON INTO 2027. CHRISTINA: BAILEY LIPSCHULTZ, THANK YOU

2027. CHRISTINA: BAILEY LIPSCHULTZ, THANK YOU FOR BREAKING THAT DOWN, AND YOU WILL HAVE TO WHATSAPP ME WHEN THAT FILING HAPPENS. DAVID: I WAS TALKING TO ED LUDLOW ABOUT THIS, AND THIS IS SUCH AN INTERESTING MOMENT.

THIS IS A HOT PART OF TECHNOLOGY GENERALLY.

THIS WILL BE A LITMUS OF INVESTOR ENTHUSIASM FOR SPACE-RELATED COMPANIES. CHRISTINA:

SPACE-RELATED COMPANIES. CHRISTINA: AND FOR THE MEN IN CHARGE OF THE COMPANY. DAVID:

WE WILL SEE IN -- WE WILL SEE HOW MUCH OF THE COMPANY HE ENDS UP OWNING. WHEN WE COME BACK WE WILL TALK

UP OWNING. WHEN WE COME BACK WE WILL TALK ABOUT MY BUSTED BRACKET. ANOTHER DOSE OF HUMILITY AS CHRISTINA AND I PLAYED THE GAME POINTED.

HE SAYS GOING TO RUN THAT ON BLOOMBERG "THIS WEEKEND."

THAT IS COMING UP. ♪

DAVID: IT'S TIME FOR MY FAVORITE SHORT -- PART OF THE SHOW. CHRISTINA: WE HAVE NARROWED DOWN THE LARGER QUIZ YOU CAN PLAY ONLINE TO THREE CATEGORIES AND LISA IS GOING TO TEST OUR KNOWLEDGE. WHO IS CURRENTLY LEADING? DAVID:

YOU ARE. BY ONE-POINT MARGIN. IT IS STILL ANYONE'S GAME.

CHRISTINA: I DID OVERHEAR THEM SAYING HOW HARD THE QUIZ IS THIS WEEK. LISA:

THIS IS GOING TO BE A GOOD ONE, GUYS.

FOR THOSE OF YOU AT HOME, HERE IS EXACTLY HOW IT WORKS.

IN FRONT OF DAVID AND CHRISTINA THEY EACH HAVE 30 CHIPS.

THEY HAVE SPLIT IT UP AND HAVE THREE CATEGORIES AND ARE GOING TO PLACE THEIR BETS DEPENDING ON HOW THEY FEEL, HOW CONFIDENT THEY FEEL ABOUT EACH CATEGORY. CHRISTINA:

THIS IS FOR OUR READY AUDIENCE. DAVID: THE SOUND EFFECT. LISA:

WE HAVE EVERYONE COVERED. DAVID: YOU ARE NOT INTIMIDATING ME.

I'M SORRY LISA, YES. LISA: THE FIRST CATEGORY IS AMMUNITION. THE SECOND CATEGORY IS TRADE.

AMMUNITION. THE SECOND CATEGORY IS TRADE.

THE THIRD CATEGORY IS HOARDING. IT IS QUITE A CATEGORY.

PLACE YOUR BETS DEPENDING ON HOW CONFIDENT YOU FEEL.

WHERE ARE YOU GOING? DAVID: I'M GOING TO GO NONE ON AMMUNITION. I’'M GOING TO GO DOUBLE ON

AMMUNITION. I’'M GOING TO GO DOUBLE ON TRADE, THEN HOARDING, I HAVE NO EXPERTISE, BUT I'M INTERESTED.

CHRISTINA: I'M GOING TO SPLIT ACROSS THE BOARD BECAUSE I DON'T FEEL OVERLY CONFIDENT. LISA:

EXCELLENT. ARE YOU READY FOR YOUR FIRST QUESTION? AMMUNITION. I'M EXCITED FOR THIS. DAVID:

QUESTION? AMMUNITION. I'M EXCITED FOR THIS. DAVID:

HOW HARD DO YOU THINK THIS IS? LISA: I ONLY GOT ONE OF THEM.

ARMS MANUFACTURER AVS -- ZVS IS BEING REVITALIZED IN WHICH EUROPEAN NATION? IS IT STARTING TO GET BACK INTO

EUROPEAN NATION? IS IT STARTING TO GET BACK INTO IT AND SEE A SURGE? IT IS ACTUALLY THE WORLD'S GUEST CAR PRODUCER PER CAPITA, THIS NATION. DAVID:

THEN I'M JUST GOING TO CHANGE THAT. LISA:

I GAVE YOU A LITTLE HELP. CHRISTINA: NO I HAVE NO IDEA.

CAR PRODUCER? LISA: GO AHEAD, FLIP IT. DAVID:

GERMANY. LISA: NO. THEY MAKE A LOT OF CARS.

SLOVAKIA IS CORRECT, CHRISTINA. DAVID: HOW DID YOU KNOW THAT?

CHRISTINA: I READ SOMETHING ABOUT THE ARMS MANUFACTURER. LISA: THE WORLD'S LARGEST CAR

MANUFACTURER. LISA: THE WORLD'S LARGEST CAR PRODUCER PER CAPITA. DAVID: PER CAPITA. FOR GOD SAKE.

CHRISTINA: BUT WHAT IS A SLOVAKIAN CAR?

LISA: THEY HAVE BEEN RAMPING UP THEIR AMMUNITION OUTPUT.

SOME 30,000 BEFORE THE UKRAINE -- UKRAINE-RUSSIA WAR IN 2022.

YOU BET 10. SO, YOU KEEP YOUR 10.

LISA: I'M GOING TO GET YOU IN TRADE.

HERE WE GO. PLAY ALONG AT HOME. DUE TO NATIONAL SECURITY CONCERNS THE FCC IS BANNING IMPORTS OF FOREIGN-PRODUCED MODELS OF WHICH PRODUCT? CHRISTINA:

I DO KNOW THIS ONE, BECAUSE MY BROTHER IS A NERD. DAVID:

I DID NOT READ UP ON THIS, I JUST KNOW FROM CHRISTINA TALKING ABOUT. LISA: SOMETIMES HE LISTENS, CHRISTINA.

TALKING ABOUT. LISA: SOMETIMES HE LISTENS, CHRISTINA.

CHRISTINA: ONLY OCCASIONALLY. LISA:

FLIP IT, WHAT HAVE YOU GOT? DAVID: ROUTERS. LISA:

WIRELESS ROUTERS, CORRECT. YOU BOTH GET IT. CYBERATTACKS.

THERE HAVE BEEN A LOT OF TALK ABOUT THEM. CHRISTINA HAS 20.

DAVID: YOU HAVE TALKED ABOUT IT A LOT, NO? CHRISTINA: THERE ARE NO DOMESTICALLY-MANUFACTURED

NO? CHRISTINA: THERE ARE NO DOMESTICALLY-MANUFACTURED WIRELESS ROUTERS AT THE MOMENT. THEY ARE ALL MADE OVERSEAS, SO IT IS GOING TO BE A PROBLEM. THAT IS THE ISSUE. LISA:

THERE IS ONE COMPANY, NETGEAR. INVESTORS MIGHT THINK BECAUSE THEY MOVED A BUNCH OF THEIR SUPPLY CHAIN OUTSIDE OF CHINA.

HERE WE GO. DAVID: IT IS THE MORE YOU KNOW.

CHRISTINA: AND SHOOTING STAR. LISA: MOVING ONTO HOARDING.

WHICH HOUSEHOLD STAPLE HOARDED DURING THE 1973 OIL SHOCK JAPAN WARN SHOPPERS NOT TO BUY IN? WHAT HOUSEHOLD STAPLE? I WONDER.

[LAUGHTER] CHRISTINA: IT IS A GOOD THOUGHT.

WHAT ARE YOU WRITING? DAVID: I'M READY. LISA:

WHAT DID YOU WRITE? DAVID: TOILET PAPER, A.K.A.

BATHROOM TISSUE. LISA: YOU BOTH GOT IT RIGHT. DAVID:

THAT IS TWO. I THINK A TIE. LISA:

YOU KNOW WHAT THAT MEANS IF WE ARE TIED.

THERE IS A BONUS QUESTION. CHRISTINA: SO CLOSE. OK. LISA:

THE BONUS IS GAMING. NO, NO, I THINK YOU GET THIS, CHRISTINE. FORTNIGHT'S PARENT COMPANY,

CHRISTINE. FORTNIGHT'S PARENT COMPANY, CUTTING 1000 JOBS DUE TO SPENDING CONCERNS.

WHAT IS THE NAME OF THE COMPANY? WHAT IS THE NAME OF'S PARENT COMPANY? CHRISTINA: I DO KNOW THIS. LISA:

COMPANY? CHRISTINA: I DO KNOW THIS. LISA:

WHAT IF YOU BOTH GET IT RIGHT? THEN WE HAVE A TIE AGAIN.

DO WE HAVE ANOTHER BREAKER? CHRISTINA: WE WILL JUST LEAVE.

LISA: FLIP IT, WHAT HAVE YOU GOT?

DAVID: EPIC. LISA: YES, EPIC GAMES.

THE CEO SAID THEY ARE SPENDING A LOT OF MONEY, MORE THAN WE ARE MAKING. WE END IN A TIE TODAY. DAVID:

ARE MAKING. WE END IN A TIE TODAY. DAVID:

THANK YOU SO CHRISTINA: NICE JOB, LISA. DAVID:

YOU CAN ALWAYS FIND THE REST OF THE GAME? LISA:

BLOOMBERG.COM/POINTED. PLAY AT HOME.

THEY GIVE YOU SOME OPTIONS. CHRISTINA:

IT IS MULTIPLE-CHOICE AT HOME. YOU DON'T HAVE TO WRITE THEM ON A WHITEBOARD. BAILEY: LISA: ALWAYS PLAY AT HOME AND YOU

A WHITEBOARD. BAILEY: LISA: ALWAYS PLAY AT HOME AND YOU WILL HAVE JUST AS MUCH FUN AS WE HAVE HERE. DAVID:

YOU DON'T GET MY COMMENTARY, BUT THAT IS PROBABLY FOR THE BEST. CHRISTINA: I THINK WE WOULD ALL APPRECIATE

BEST. CHRISTINA: I THINK WE WOULD ALL APPRECIATE A LITTLE BIT OF SILENCE. DAVID: THANK YOU VERY MUCH FOR JOINING US. TOMORROW WE WILL SPEAK WITH

US. TOMORROW WE WILL SPEAK WITH EMILY GREGORY, FRESH OFF OF HER UPSET VICTORY IN FLORIDA'S STATEHOUSE RACE.

WE HOPE YOU WILL JOIN US STARTING AT 7:00 WALL STREET TIME RIGHT HERE ON BLOOMBERG TELEVISION AND RADIO AND BLOOMBERG.COM. I'M DAVID GUERRA. CHRISTINA:

BLOOMBERG.COM. I'M DAVID GUERRA. CHRISTINA:

I'M CHRISTINA RUFFINI ALONG WITH LISA MATEO.

"MASTERS IN BUSINESS" IS UP NEXT, AND FOR OUR TV AUDIENCE "WALL STREET WEEK" STARTS NOW.

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