Yates on New Covid-19 Strain

dot com. If you can also listen to our radio show at two pm Eastern on Bloomberg Radio and be sure to watch us too on YouTube by searching Bloomberg Global News. So let's get to it, because a lot of virus headlines once again to go over, and that includes we've got fiser and by in Tech raising their production target for the vaccine to about two billion shots.

Their previous production was one point three billion. You have New York City Mayor build A. Blasio reaffirming his goal of dolling out a million COVID nineteen doses by the end of January. Does I feel like a lot to you? Um? It does feel like a lot to me. Just feel like if right, yeah, yeah, by the end of January. If you think about it, we know you know, this is a city of nine million people, so it's not

too bad percentage wise. And then l A the epicenter of the latest US wave, turning Dodger Stadium into a mass vaccination center to inoculate as many as twelve thousand people a day. Um, it's four week LA is so bad right now, Carol, you have you talked to your family? Yeah? I mean my brother's not even there. He moved in with my parents, he does, Yeah, three months ago. Alright, So let's get our daily check on the virus. Dr William Yates is back with us, founder and owner of

Yates Enterprises. It's a company that provides security solutions to schools and other places, like middle detectors to detect guns. Temperature detection device is something that certainly comes into play during the pandemic. He is a trauma surgeon who grew up on the South Side of Chicago, and he is once again with us on the phone in Chicago, Doctor Yates, Nice to have you back with me and Tim. How are you and how's it going in Chicago? Ah? Thanks

Carol and Tim. Everything is about the same, uh, kind of the same gloom and doom, even though you know everybody's gearing up with the virus, but the numbers are going up, the deaths of going up. And I just saw in the United States now the deaths from COVID are over, you know, three hundred thousand, which is bigger than a city like you know football guys know green Bay here, So it's bigger than Green Bay and bigger

than Birmingham, Alabama. So we have a real problem. And then the other problem is this new variant which we're seeing out of the UK and South Africa is something else that really hasn't been dealt with yet. What do you mean it hasn't been dealt with yet? What does that mean? Well, just as we really don't know a lot about what are the end results, say, of the virus and getting the virus, what happens to you and you get sick and then you get cured, do you

still have symptoms right now? As far as this new virus number one, we're kind of sure that the vaccine works for this virus, But what we're not sure is we know it's more infectious, meaning that it has the ability to spread faster and easier, but we don't know the clinical sequeli meaning if you get this virus, what will happen to you in the long run, even if you are you know, cured or feel better. We don't

know the end results of this. Are we starting to what I meant, are we starting to see any sort of research into that, any results of early people who got this. I mean, we've heard about these COVID longhaulers who continue to have persistent problems, and it's terrifying I think for a lot of people, right, I mean, the COVID long haulers interesting and you bring this up. It seems to be more prevalent in the younger population, with the population which takes the most risk and lives with

the most wanton abandonment. Abandonment seemed to have more symptoms on the back end. In the front end. I saw a study where of young people who had COVID and got over it, say six to eight months later, we're having terrible problems like breathing rhythmias and things like that. So it's kind of this is kind of uh, the young people should be afraid of COVID and take it seriously, even though they aren't getting that sick. Now, as far as the new variant, it's just too too early to

know what's going to happen. It's going to be a long hauler and what we don't even know the short term of this one. But what we do know is that some of the vaccines appear to be promising. The one in Europe is the one we're not using. It's called astra zeneca. I believe they've tested that against this new strain in Europe and it did work. Yeah, so that's a good I mean, and my interestanding is that you can take an existing the existing COVID vaccine and

adapted to variance. It does take a little bit of time. Is that fair? Is that accurate? That that is accurate? Um. Usually the vaccines is sometimes have to be tweaked to make them applicable for the new strains, Like the flu vaccine. Every year that we get some of those are tweaked to uh make way for how the vaccine has mutated. So it's unclear if these vaccines are being tweaked and it fights the irregular form or they're just taking the form that's out right now. I'm I'm wondering what you

would do. You know, here we are nine days out from a new administration. If you were advising the president to hit the ground running on January. What is the best way to get this under control? Well, I think the best We'll see the breakdown if you watch TV all the time and you see the guys from the military and it looks very official, and they're saying we have twenty million million viruses, and then you see the FedEx planes landing and so forth and so on. The

virus is leaving the factory. That's not the problem, right the exact vaccine I'm talking about. The problem is at the state level. Then things become a little haywire. So to answer your question, I would make it very seamless at the state level. What happens to the vaccine If each state gets one million, this first million goes here, and it goes today, you know, and somebody has put ahead of that. All the states do the same thing and follow this aim plan instead of coming up with

individual recipes for their success. Because that's where the breakdown is right now. It's not the government. The government has done pretty well. It's the states that are having the problem with administering the vaccine. Right You could probably use an assist from the government at this point. Yeah, it's a tough thing to do. When we live in the United States though, right, we don't have this. It's it's federalism, right, States states rates, So it's it's not it's easier than done. Yeah,

no question. I mean, I'm answering as a scientist. But the reason, the reason that people live in the United States is for that reason because we do have an abundance of rights, and it's not, you know, a dictatorship or a fascist type of state. Dr. Yates and I know your group at Yates Enterprises um at Yates Protect works a lot with thermometers and thermal aging and thermal scanning.

One thing that we've learned though throughout the pandemic has been that having a higher than usual temperature isn't necessarily the only endo cater that you could potentially be carrying COVID. What have we learned, Well, I guess what we have learned. The converse to that is that having a higher than normal temperature puts you in the realm possibly of having COVID. We know that of the people who have COVID and

are infective won't have any symptoms at all. But what we do know the people who are symptomatic, almost eight of those people will have a temperature as defined by the CDC above one degree point for fahrenheit. It's almost consistent. If you look at every study and type in symptomatic COVID, you will find fever is number one up to Some studies show as low as eighty, some show as high

as ninety six. So I think it is worthwhile and I think it's going to be standard of care in the world because what it's proved to us, having a fever every day is not normal. You can't fake or fever. To get a fever, your hypothalamus in your brain has to be activated. And even if you don't have COVID, you shouldn't be at work with the feed. That's the

main thing we learned. What happens to this technology. If you know, somebody walks in from outside and they've been in below freezing temperatures for ten minutes walking from their home to work or on their commute, and they walk in and they get scanned and the surface of their skin is is colder than usual, that's a good question. So that we get asked that all the time, and so we ask people to have a separate area for kind of a equilibrium process where not a lot of

people are. All it will take is from about ten minutes for that person to return to what we call an equilibrium state, and then we check them. But on some of the machines, we can raise the threshold and get what temperature they were at and it'll make the calculation for but it takes, you know, some doing. So to make it easy, we have them have a place where the person can stay for about ten minutes and

then we check them. So a lot of the temperature scanners that companies have are they kind of a joke. Well I'm in the business, I'm gonna say mine on it. Joke. Well okay, that's fine, but you know what I'm saying. You know, I get you. I'm gonna answer. I think a lot our joke because a lot of people use them incorrectly. And when I go into restaurants are different places, they kind of go through the motions and they never

look at the number. I know that for a fact because I just walk in and I just give them any part of my body and they just if I give them my knee, they'll scan my knee, you know. So you have to be very diligent about where you scan because those are measuring body surface temperature, not body

core temperature, and you should do it. The best place to do it is the forehead or on the side of the forehead, or something called the temporal artery is beating under their Those are the best places the risk. Everybody's hand is the coldest thing on their body. That's why we wear gloves. So when you start shooting at the wrist and everybody's going to pass. So I hope that answers the question. But the technology is good, but

it's only as good as the operator. I think that we get shot in our forehead, don't we get full body? I think full body? Um, hey, Dr Yates just got about thonds here. I don't know. So in terms of getting back to normal, how do you see it? Just quickly, as quick as I can say it about two years.

It's going to take that long, probably with the vaccine and to get hurt immunity, and then by then there's gonna be some other pathogens that we need to worry about, so it will never look the same, but it'll be closer. I mean, you've heard about the one in South Africa. We didn't even talk about that. We talked about the one in the UK. There's another variant in South Africa that's a little sticky as far as you know, being able to you know, fall into being killed by the vaccine.

Happy Monday, everything I was going to say. Happy Dr Yates. All right, Dr Yates, thank you so much. Stay safe, be well. Dr William Yates, founder and owner of Yates Enterprises, on the phone from Chicago. Well, that's the new reality. Though. We've got to be aware that there's going to be you know, that's why there's virus hunters out there. Yeah. I think we have to just adjust our expectations. That's the key to not getting too disappointed. I think so too.

This is Bloomberg Business Week with Carol Messer from Bloomberg Radio. It's a new day and yet an old reminder of how powerful big tech is. A social media giants Facebook, Twitter, Google, All Band, President Trump and others, in an effort to prevent further riot organizing, one already fighting back. Um, this is already one of our big stories of let's get

into it reporting for a Business Week. Bloomberg News technology reporter and author of No Filter, The inside Story of Instagram, Sarah Fryer with us on the phone in San Francisco along with Bloomberg Business Week editor Jill Weber on the Access line in Brooklyn. You know, big tech. We knew coming into it was going to be a story that was on our radar, but I don't know that we thought it was going to be on our radar, Joel, in this way I was looking forward to that didn't

look anything like. I don't think I'll be so lucky. Um and and obviously um um. Last week's chaos actually came to a head even again over the weekend with sort of the social media platforms um basically basically you know, not only blocking Trump and and perhaps permanently banning him in the case of Twitter. But then I think the parlor conversation has become the one that's even more interesting because um, both the Apple App Store and and Google's

play Store have taken restrictions there. But then I thought the big move in the one that I was actually most eager to talk to Sara about, was sort of the the Amazon move awus coming in and basically blocking it. I mean this, yeah, but it does show you know, like not only are the social media companies able to wield a stick, but like Amazon's got the biggest stick of all. So so Sarah kind of there's this is

just a fast moving story. But I want to understand, like how you're thinking about where this conversation goes from from here. Well, it dove tails right in with the tech power conversation that we're going to have a lot more of this year as these anti trust of battles with Washington rage on, and I expect that to continue during the Biden administration. And that tech power conversation is both about, you know, the power to restrict as as much as it is about the power to allow um.

And so the companies are grappling with this, allowing Parlor to be on the App Store, allowing Parlor to have UM posting by Amazon. That's something that employees are looking at, critics are looking at and saying, well, why don't you just cut them off? You have the power to do that. You're a private company, and the company there are saying, you know what, Yeah, we don't want to be dealing

with this this we don't want this headache. And and it's really interesting to see that evolution because we we've talked about it a lot, like you said, with the social media companies, Uh, it's a lot of conservatives are concerned about too much cutting off of people who have accounts. A lot of people on the democratic side are concerned about the hosting of illegal activity and um people who are inciting violence, and in the balance is really what

is is UH an issue here? So, Sara a lot and you mentioned this that a lot of the heat on the companies actually came from their own employees. So what have we seen in not only from a to bus, but but at Facebook and Apple? What what sort of internal factions are the companies navigating well? Silicon Valley companies have a reputation for being really mission driven, and I think a lot of employees have had personal reckoning over the last few years. Is it ethical to work for Facebook?

Is it ethical to work for Google if they're working with the Offense Department on you know, um, putting people in cases of the border. There have been a lot of new debates about what it means if you work for a company that has certain suppliers, certain vendors, certain contracts, and host certain voices. And so we have seen employees the almost the more forceful voice against their leaders and even the government because the government can't can't really be

clear about what they want. Everyone's scrutinizing tech power, but they don't necessarily have a clear direction of what would be a good resolution. Whereas employees, you know, they're mostly they're mostly liberal, they're well educated, and they're saying, hey, I don't want to work for a place that supports something like this. And we saw an open letter from Twitter employees to Jack Dorothy asking for a bigger ban on Trump's They had previously only banned him for twelve

hours and now that he's permanently banned. And we've seen we've seen Amazon employees right to their employer about parlor, saying, why are we hosting parlor? We should we should kick them off. And I think that that power should not be underestimated because of how hard it is to recruit

and Silicon Valley the best talent. Well, and what's to stop I don't know, Like I don't know whether there's oranges to oranges, apples to apples, but another company from saying I don't like Well, I guess companies do that right if they don't want to work with a supplier, or if they don't want to work with something, they

have that opportunity to do it, Sarah. I'm just trying to understand the differences or not differences from another company kind of banning something, you know, whether they don't sell to a certain customer. Um, they do that all the time, right, well sometimes so Okay, a few years ago, companies, we're happy to just work within the bounds of the law. There are sanctions against Iran, we won't sell to around that. That was like, you know, if it's a legal we

won't do it. Um. And that's how Facebook and Twitter thought about content a lot in the early days, you know, remove as little as possible. Now, I think the tech companies are recognizing that they have this tremendous power and the ability to move more quickly than the government in many cases to to fix that they have. They also have this great insight into what's happening, um, faster than

law enforcement officials have. Facebook, of course this is going to have to be providing law enforcement with a lot of the images of people who who were in the violent mob last Wednesday. So so I think that the companies are coming waking up to their power. But it's also a politically convenient time for them to do so because they're seeing that the power in Washington is shifting to the Democrats, and that party is a lot more um more in favor of tech companies taking responsibility for

the power. They have a Republic conversation. So so can we just um talk about Parlor specifically for a second here, because what does what does the company like that go? Now like they've ultimately just had the power plug pulled out on them, um already, probably we're going to face some iro from from Democrats. I thought, you know, back to Carol's question there for a second. One interesting thing here was it wasn't like an arbitrary decision that any

of these tech companies used to enforce this. They actually said, well, we have a code effectively and and Parlors uh in defiance of that code and and therefore that's what gives us cover to basically make this decision. So what does the company like Parlor go from here? And sorry just

got about seconds just quickly. Well, Parlor is using this as a marketing opportunity, just like you know GAB when they were banned that they they said, you know, they don't want they don't want to hear us, but we're still here. We're still going to survive. I think Parlor is going to have to find an audience a different way. It's sinately going to be so difficult for them to survive and grow without access to the app stores that that makes it a lot less mainstream. You have to

actually know how to get there. In other words, Uh, let's see looking into my crystal ball. And yes, we will be talking about this a lot this year, no doubt about it. Um Sara and Jel You guys are the best sarifier technology reporter at Bloomberg News. Check out our book No Filter. Joe Weber Editor. This is Bloomberg Business Week with Carol Messer and Bloomberg Quick Takes Tim Stenovic on Bloomberg Radio. Bloomberg Business Week brought to you

by SEI. Since its founding fifty years ago, SEI has provided investment managers and asset owners with robust infrastructure platforms and flexible outsourcing solutions. Check it out go to se I C dot com slash i m S. So let's get to our next segment, because it's about the founding father of the People's Republic of China, controversial for his policies, disastrous really the greatly forward and the cultural revolution back in the late nineteen fifties and nineteen sixties. We're talking

about Chairman Mao. And the reason we're talking about him is because his reign and his methods are not dissimilar to President Trump. It's provocative, it's thoughtful, it's the exact conversation we need to be having right now. The reason we're talking about it is because Bloomberg neew Economy editorial director Andy Brown brought it to our attention. It's in his latest column. Andy is on the phone in New Hampshire. Hey, Andy, nice to have you here. Um, I haven't had a

chance to talk with you. It's been such a crazy week. How do you kind of think about this last week and President Trump as a leader? Well, you know, the way I've been looking at it is through the eyes of Chinese officials and state media UM, and they're having

a field day with this. It plays absolutely into their a dominant narrative, which which is of the United States is impermanent decline UM, starting with the two thousand and eight two thousand and nine financial cry, which the United States arguably never really fully recovered from UM, and now this meltdown as they see it, UM, of the American system of democracy, which of course is key to American prestige and power projections, particularly soft power projection around the world.

And they're looking at this and they're saying, you know, our system is not only produced a far more serious and successful response to COVID nineteen, which now underpins our economic recovery, and the economy in China is pretty much operating normally now, but it's also delivered critically stability. And they are comparing and contrasting all this with frankly, the chaos that we've witnessed in in Washington, d C. This is all happening against the backdrop of a trade war

with China, relations not any very good place. I think it's fair to say, Andy, um, what is the environment that President elect Biden inherits, the relationship that President elected Biden inherits with China in nine days? And what does

this due to that? Well? You know, actually that one of the sort of what we've been seeing over the past couple of days is yet more evidence that the Trump administration is trying to box in the Biden administration on China, in other words, taking actions against China, including sanctions against Chinese companies, but also more seriously in the geopolitical space. UM. For instance, just the other day, eliminating all barriers to UH state to state UH contacts between

the United States and Taiwan. UM. You know, taking a series of actions like this which will make it very difficult, which the Biden administration will find very difficult, uh to roll back. Less they should be accused in the early days after they've taken over of being soft on China. UM. So you know this this is a very deliberate strategy of of the Trump administration, and frankly, it places the relationship UM uh you know, in a in a very

very brittle, UM and dangerous position. So Andy, I want to go back there to this comparison with Chairman Mao. I mean, how does it help us maybe understand Trump, or understand even more so, you know, kind of what his mission maybe was from the get go. Yeah, look, I I'm not I'm not saying And of course it wouldn't be serious to suggest that that Trump is Mao in any in any way. UH. And yet you know there are these incredibly uh disturbing, uncomfortable parallels. UM. You know,

Mao hated elites, MAO adored chaos. Mao saw conspiracies everywhere, you know. And and then, of course the parallel with the events last week is is that Mao himself when he went um uh, you know, he went mad during the last years of his life, he launched an all out attack on the Chinese government, the party in the state that he himself had created after the revolution. And he ordered his Red Guard followers too, as he put it, or as the People's Daily put it in a famous headline,

bomber their headquarters. And he's so chaos um in China, um uh. And of course this lasted for a decade. This was the Chinese Cultural Revolution um. And one can see haunting echoes of that in in some of the behaviors and personal attributes of Donald Trump. So I guess that the question is, if we're looking at this being a historical parallel, what can be done right now, what can the checks do, the checks and balances, that is, do in order to prevent that from happening here in

the United States over the next few years. Well, the optimistic, um, you know, the the the optimists will say that the strength of democracy is its ability to self correct. And you are seeing that right now in the events, um that are taking place. UM, you know, as as we speak, the effort to hold Trump accountable. Um, the election has

been confirmed, Joe Biden will take office. And yet it has to be said that, you know, the rest of the world aren't just going to look at this as being you know, the the pre Biden and post Biden eras as though there's a there's a uh, you know, a clear dividing line between the two. Um. The fact is that you know, seven four million Americans voted for Trump. A hundred what was the number of hundred hundred and thirty or hundred and forty Republican Yeah, Congressman voted seven

voted for this, this legislation. Um, It's going to take years for the America, for America to rebuild trust and credibility around the world, including most critically with allies. Yeah, it's pretty remarkable all the healing and fixing up and repairing that that will have to be done. Hey, Andy, thank you so much. Bloomberg New Economy editorial director Andy Brown joining us on his latest column is a journal Now, but you let me drive, Oh no, no, no no, no, please,

I'll do the right I want to drive. Just drive the questions, get trying. This is the Drive to the Globe Commune. Thanks, we'll drying us dawn on Bloomberg Radio. Ah. Yes, indeed, time for the Drive to the close. Eleven minutes to go to wrap up this Monday, January eleven one. Abbe des Bonde is founder and chief investment officer at Center Stone Investors. On the phone in New York City. Abe, nice to have you back with us. Um, we talked with you last week. It was around early November. A

lot has happened since then. Um, how are you doing and how are you making sense of kind of our world? Right now? Hear your voice again. M. Yeah, we're gonna find center Yeah, we're value investors. So we've been sort of in that doghouse. The dog house gets bigger and bigger, right, not alone in there. Yeah, we're we're we gotta playing a company. Um, and it's a good kind of couple. I look around, I'm like, oh, these are thoughtful, smart people. Um,

you know, so it's good company. Um. And then you know we're gonna We're starting to see already, UM, kind of some interesting signs of relief from some of the bubble activity that we've we've been witnessing over the last many months here, and I think, you know, two thousand one is shaping up to be potentially very interesting year for for people like us. UM get an example, you know,

we're looking I was just looking at Zoom Media. That's a hundred billion dollar market cap company fifty times sales. That's kind of like a typical uh, you know ratios that you see in some of these hot stocks, and you know, all that's good if it's justified by a growth and Law Street does project you're on your growth for twenty for this year coming up, but the first quarter growth is projected to be up two and I think you're gonna see a lot of this uh potential

growth disappointment. It's not hard to disappoint when you're talking about fifty times sales and we're looking at growth rates and so um, the market, I would say, it didn't even really get ahead of itself. It's it's it's got it's a universe ahead of itself. And so this year it could be very very interesting to watch the air being um let out of these some of these bubbles. And it's coincident with you know, the world potentially starting to open up again this summer the quote unquote the

real world, you know, getting back in action. Um, and I can I can see already what's probably likely going to happen. Lots of growth scares in some of these names. Okay, so how do you position yourself then to have the year of the value investor? Finally? Yeah, so, I mean, of course, you never know, there's just two thousand one and everything else goes down our who knows. I don't know that we are very fortunate. I'm Stenterstone Funds. It's on a gold line of great businesses are trading at

a huge discount. It's like the opposite of the world that I just described as the media, for instance, where you're looking at potential catalyst emerging from private equity getting involved in taking advantage of some of these steep discounts that are associated with free you know strongly, you know, high growth in our world anyway, let's five. But more importantly, companies that have actual cash flows that are profitable at good businesses that have been just passed over and stock

prices have been depressed, so we weakens. I can see an environment maybe not tomorrow, you know, or next month or what happened was sometimes starting this year. Where As disappointment starts to filter through some of those bubble names, money starts to gravitate to where it finds a home,

must naturally in casual, generative enterprises, and that's what we own. Hey, I want to ask you, obviously a listener sending us a message saying I was wondering, you know, as a long term under performance of international stocks, a permit situation, or will it turn around? So what might be the catalyst? You know, you often look globally when it comes to name when any thoughts on that, Yeah, sure, I mean, you know, for the last several years, we've been talking

about how the international markets have underperformed. There's a lot of latency, they're they're undervalue compared to the US markets, and a very very fair question that was very difficult answers, Well, what's going to change that one of the catalysts, and we didn't really have much of an answer to that

until recently. The three things that have been driving the headwinds for international investing the dollar, the industrial the cyclicals the down cycle industrial economies around the world to start in two thousand eighteen, and the very tight fiscal policies that were in Europe that prevented that economy from recovering post two thousand elevens euro crisis because of ironically enough, the COVID crisis, all of those head winds have turned

into tail winds. Interest rates or zero here just like there are everywhere else, means the pressure is off the foreign currencies, the cyclical economies have begun to repair themselves, to pep up around the world. Uh. And and just as important, or maybe more importantly, the fiscal fiscal still uh, what was a depression a depressant on European economies, which is the fiscal austerity measures in places two thousand eleven

have all turned around. Now they're very fiscally aggressive. So you've got kind of the macro intersecting with the micro, the micro being undervalued names that have lagged for a long time, all kind of coinciding to finally emerge as a catalyst for international hopefully for value as well. But I think your question is about international, and so as far as I'm concerned, I mean, it's the first time in a long, long, long time where I can say, Okay,

we've got everything in our favor. There's nothing that says that things can't turn around or we can't just you know, hit be hit by another crisis or whatever. But as far as you know, lining up the odds in your favor, um, you know, there's as well lined up as they possibly can be for people like us. I was really interested earlier what you said about zoom, Um, and I want to make sure that I understand you were Were you were not? Were you speaking of zoom video video, the

zoom that we've been using. Yeah, zoom Sorry, yes, zoom video. Are there other names that are are poised to see the bubble the bubble the air come out of the bubble, as you put it. It's interesting to me, you know, I've been reading all these I p O documents that have been coming out these new companies Snowflake and plant here and and the urban what's called the door Dash and Airbnbat, and it's a there's a common thread all of them. They all talked about the risk of growth

being disappointing in one way or another. And I find that very fascinating because these stocks are being sort of the the built in assumption is that you're going to have these growth rates are even more interperpetuity like you've had. But the big differences. You know, these these companies are not competing with legacy businesses and anymore they're competing with other businesses have the same competitive advantages they do. Right, So you know there's a massive capitalism is going to

do its job this year. It's going to introduce competition, and yes, the industry can grow, but not all of these companies can grow at those rates and strongest right or whatever it is. Yeah, I mean you could you know, there's this uh and what kind of makes this uh a little bit more um challenging for these companies is they're all going to go try to make market share at no profit. Yeah, which is like what investors have

been okay with it thus far. It's exactly you know, create an Amazon or whatever, pick your company, and we're okay with it. Abbe Um, so good to hear your voice. Happy New Year, Abe Tosh Bonde, Founder and chief investment officer at Centerstone Investors, based in New York City, which is where we found him on the phone. Thanks so

much for listening to Business Week. Download the podcast on iTunes, SoundCloud, or at Bloomberg dot com, and be sure to check out our daily radio show at two pm Eastern on Bloomberg Radio, and be sure to watch us to on YouTube by searching Bloomberg Global News