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“This has been my favorite session of the three days. Thank you,” said one attendee following a powerful live conversation at AJC Global Forum 2025. This exclusive episode of AJC's People of the Pod, presented by AJC's Women's Global Leadership Network, features a candid discussion on the critical impact of Jewish women leaders in global diplomacy and conflict resolution. Casey Kustin, AJC's Chief Impact and Operations Officer, joins former U.S. Deputy Assistant Secretary of State Mira Resnick and Dana Stroul, Research Director and Kassen Family Senior Fellow at The Washington Institute for Near East Policy, to share how they've navigated the corridors of power, shaped international policy from the Middle East to Europe and beyond, and opened doors for the next generation of women in foreign affairs. ___ Resources– AJC Global Forum 2025 News and Video AJC Global Forum 2026 returns to Washington, D.C. Will you be in the room? Listen – AJC Podcasts: Most Recent Episodes: A United Front: U.S. Colleges and AJC Commit to Fighting Campus Antisemitism What is Pope Francis' Legacy with the Jewish People? Why TikTok is the Place to Talk about Antisemitism: With Holocaust Survivor Tova Friedman The Forgotten Exodus: Untold stories of Jews who left or were driven from Arab nations and Iran People of the PodFollow People of the Pod on your favorite podcast app, and learn more at AJC.org/PeopleofthePod You can reach us at: peopleofthepod@ajc.org If you've appreciated this episode, please be sure to tell your friends, and rate and review us on Apple Podcasts or Spotify. Interview Transcript: Manya Brachear Pashman: Live from AJC Global Forum 2025, welcome to People of the Pod. For audience members who are not in this room, you are listening to a show that was recorded in front of a live studio audience on April 29 at AJC Global Forum 2025 in New York. I'm your host, Manya Brachear Pashman. Thank you all for being here. In countries around the world, women are working more than ever before. But compared to men, they are not earning as much or being afforded an equal voice – at work, at home, or in the community. In no country in the world do women have an equal role. Let me repeat that. In no country in the world, do women have an equal role–when it comes to setting policy agendas, allocating resources, or leading companies. With us today are three modern-day Miriams who have raised their voices and earned unprecedented roles that recognize the intellect and compassion they bring to international diplomacy. To my left is AJC Chief Impact and Operations Officer, Casey Kustin. Casey served as the staff director of the Middle East, North Africa, and Global Counterterrorism Subcommittee on the House Foreign Affairs Committee for 10 years. She has worked on political campaigns at the state and national level, including on Jewish outreach for Barack Obama's presidential campaign. Welcome, Casey. To Casey's left is Dana Strohl. She is the Director of Research for the Washington Institute for Near East Policy. She was the Deputy Assistant Secretary of Defense for the Middle East. In this role, she led the development of U.S. Department of Defense policy and strategy for Bahrain, Egypt, Israel, Iran, Iraq–I'm not done–Jordan, Kuwait, Lebanon, Oman, Palestinian Authority, Qatar, Saudi Arabia, Syria, United Arab Emirates, and Yemen. Prior to that, she also served on Capitol Hill as the senior professional staff member for the Middle East on the Senate Foreign Relations Committee. Welcome, Dana. And last but not least, Mira Resnick. Mira was the former Deputy Assistant Secretary of State for Israeli and Palestinian Affairs and Arabian Peninsula Affairs, in which she handled two crucial Middle East portfolios, usually helmed by two separate people. Previously, she oversaw the Department's Office of regional security and arms transfers, where she managed foreign arms sales and shepherded the Biden administration's military assistance to Ukraine and Israel after Russia's invasion and after the October 7 Hamas attacks. Like Casey, Mira has also served as a senior professional staff member with the House Committee on Foreign Affairs, focusing on the Middle East and North Africa. Thank you for being here, Mira. Welcome to all of you, to People of the Pod. I think it's safe to say, this panel right here, and all the knowledge and experience it represents could solve the Middle East conflict in one day, if given the chance. Casey, you served for a decade as staff director for the Middle East, North Africa and Global Counterterrorism Subcommittee. A decade, wow. You witnessed a lot of transition, but what were the constants when it came to regional cooperation and security needs? Casey Kustin: What's the saying? The enemy of my enemy is my friend. And that's the world that we're all trying to build. So, you know, from an American perspective, which we all came from in our government work, it was trying to find those shared interests, and trying to cultivate, where we could, points of common interest. And even with the challenges of October 7 now, perhaps stalling some of those areas of progress, you still see that the Abraham Accords haven't fallen apart. You saw when Iran launched missiles at Israel. You saw other countries in the region come to, maybe they wouldn't say Israel's defense. It was their airspace defense. But you saw that still working. You see that still working now. And it's every day when we come to work at AJC, we're thinking about how to increase and strengthen Israel's place in the world. Manya Brachear Pashman: So Mira, your role encompassed both Israel and the Gulf for the first time, right? Mira Resnick: That was the first time at my level. Yes. Manya Brachear Pashman: Okay, so whose idea was that, and did that put you or the US in a position to work for the good of the neighborhood, rather than just Israel, or just the Gulf States? Mira Resnick: Yeah, this was an opportunity for the State Department to be able to see all of the different threads that were coming throughout the region. This is something that Dana did on a daily basis. This is something that our colleagues at the NSC did on a daily basis. The Secretary, of course, needs to be able to manage multiple threads at the same time. When I was overseeing arms sales, of course, I would have to consider Israel and the Gulf at the same time. So this wasn't a new idea, that our interests can be aligned within one portfolio, but it was particularly important timing for the United States to be able to see and to talk to and to hear our Gulf partners and our Israeli partners at the same time within the same prism, to be able to truly understand what the trends were in the region at that particularly critical moment, post-October 7. Manya Brachear Pashman: Dana, in your role as Assistant Deputy Secretary of Defense, you met with military leaders in the Middle East, around the world, and you were often the only woman at the table. What do women contribute to international conflict resolution that's missing when they're not given a seat at the table? Dana Strohl: Well, let me start out by stating the obvious, which is that women make up 50% of the global population of the world. So if 50% of the world is missing from the negotiating table, from the peacemaking table, from conflict prevention mechanisms, then you're missing 50% of the critical voices. There's evidence, clear evidence, that when women are part of peace processes, when they are part of negotiations, the outcomes on the other side are 35% more sustainable. So we have evidence and data to back up the contention that women must be at the table if we are going to have sustainable outcomes. When I think about the necessity, the imperative, of women being included, I think about the full range of conflict. So there's preventing it, managing it, and then transitioning to peace and political processes in a post-war or post-conflict situation. In every part of that, there's a critical role for women. As examples, I always think about, when you make policy, when you have a memo, when there's a statement that's really nice, in the big capital of some country, or in a fancy, beautiful palace somewhere in the Middle East or in Europe. But peace only happens if it's implemented at a local level. Everyone in the world wants the same things. They want a better life for their kids. They want safety. They want access to basic services, school, health, clean water and some sort of future which requires jobs. Confidence you can turn the light on. You can drive your car on a road without potholes. Those are details that often are not included in the big sweeping statements of peace, usually between men, that require really significant compromises. But peace gets implemented at a very local level. And at the local level, at the family level, at the community level, at the school level, it's women. So how those big things get implemented requires women to champion them, to advance them. And I will also just say, you know, generally we should aspire to prevent conflict from happening. There's data to suggest that in countries with higher levels of gender equality, they are less likely to descend into conflict in the first place. Manya Brachear Pashman: Can you recall a particularly consequential moment during your tenure, when you were at the table and it mattered? Dana Strohl: So my view on this is that it was important for me to be at the table as a woman, just to make the point. That women can serve, just like men. Do the same job. And frankly, a lot of the times I felt like I was doing a better job. So what was really important to me, and I can also just say sitting up here with Mira and Casey, is that all of us have worked together now for more than a decade, at different stages of, getting married, thinking through having kids, getting pregnant, taking parental leave, and then transitioning back to work. And all of us have been able to manage our careers at the same time. That only happens in supportive communities, in ecosystems, and I don't just mean having a really supportive partner. My friends up here know, I ask my mom for a lot of help. I do have a partner who really supported me, but it also means normalizing parenthood and being a woman, and having other obligations in the office space. I would make a point of talking about being a parent or talking about being a woman. To normalize that women can be there. And often there were women, really across the whole Middle East, there were always women in the room. They were just on the back wall, not at the table. And I could see them looking at me. And so I thought it was really important to make the point that, one, a woman can be up here, but I don't have to be like the men at the table. I can actually talk about, well, I can't stay for an extra day because I have a kindergarten, you know, theater thing, and I have to run back and do that. Or there were many times actually, I think Mira was Zooming for parent teacher conferences after we were having the official meeting. But I think it's important to actually say that, at the table, I'm going to leave now and go back to my hotel room because I'm making a parent teacher conference. Or, I have to be back by Friday because I'm taking a kid to a doctor's appointment. So all the women that come after us can see that you can do both, and the men at the table can understand that women have a right to be here. Can do the jobs just as effectively and professionally as the men, and do this other absolutely critical thing. Manya Brachear Pashman: But your point about, it requires a supportive network, a supportive work community. You told me a story before we got up here about just how supportive your colleagues were in the Department of Defense. Dana Strohl: I will give a shout out to Lloyd Austin, the Secretary of Defense. So one of the things you do in our positions is travel with the Secretary of State or the Secretary of Defense. And these are not the kind of things where they get on a plane and you land in whatever country. There's a tremendous amount of planning that goes into these. So on a particular trip, it was a four country trip, early in 2023. Secretary Austin was going to multiple countries. He had switched the day, not he, but his travel team, of his departure, which then caused us to switch the day of my son's birthday party. And then they switched the time of his departure from Andrews Air Force Base, and we could not change the birthday party. So I called Secretary Austin's office and said, Listen, I want to be at my son's birthday party. So I've looked and it looks like I can take this commercial flight. So I won't be on the Secretary of Defense's plane, but I can largely land around the same time as you all and still do my job in the region. And to their credit, they said, okay, and then one of the things that you do in my position is you get on the airplane and you talk to the Secretary of Defense about the objectives and the goals and the meetings. So they said, Okay, we'll just change that to earlier. You can do it the day before we depart, so that he can hear from you. You're on the same page. You can make the birthday party. He can do the thing. So we were actually going to Jordan for the first stop. And it turns out, in his itinerary, the first thing we were doing when we landed in Jordan, was going to dinner with the King. And it was very unclear whether I was going to make it or not. And quite a high stakes negotiation. But the bottom line is this, I finished the birthday party, had my mother come to the birthday party to help me clean up from the birthday party, changed my clothes, went to Dulles, got on the airplane, sort of took a nap, get off the airplane. And there is an entire delegation of people waiting for me as you exit the runway of the airplane, and they said, Well, you need to go to this bathroom right here and change your clothes. I changed my clothes, put on my suit, ran a brush through my hair, get in a car, and they drove me to the King's palace, and I made the dinner with the king. It's an example of a team, and in particular Secretary Austin, who understood that for women to have the opportunities but also have other obligations, that there has to be an understanding and some flexibility, but we can do both, and it took understanding and accommodation from his team, but also a lot of people who are willing to work with me, to get me to the dinner. And I sat next to him, and it was a very, very good meal. Manya Brachear Pashman: I find that so encouraging and empowering. Thank you so much. Casey, I want to turn to you. Mira and Dana worked under particular administrations. You worked with members of Congress from different parties. So how did the increasing polarization in politics affect your work, or did it? Casey Kustin: It's funny, I was traveling last week for an AJC event, and I ended up at the same place with a member of Congress who was on my subcommittee, and I knew pretty well. And he looked at me and he said, the foreign affairs committee, as you know it, is no longer. And that was a really sad moment for me, because people always described our committee as the last bastion of bipartisanship. And the polarization that is seeping through every part of society is really impacting even the foreign policy space now. As you see our colleague, our Managing Director of [AJC] Europe, Simone Rodan[-Benzaquen], who many of you know, just wrote a piece this week talking about how, as Israel has become to the progressive, when Ukraine has become to the far right. And I think about all the years I spent when Ted Deutch, our CEO, was the top Democrat on the Middle East subcommittee, and Ileana Ros-Lehtinen (R-FL), a great friend of AJC, was the chair of the subcommittee. And Ted and Ileana would travel around together. And when she was the chair, she always made a point of kind of joking like Ted's, my co chair, and we did so many pieces–with Mira's great support of legislation for the US, Israel relationship, for Syria, for Iran, that we worked on together, really together. Like at the table with my staff counterparts, trying to figure out, you know, what can your side swallow? What can your side swallow? And I hear from so many of our former colleagues that those conversations aren't really taking place anymore. And you know, the great thing about AJC is we are nonpartisan, and we try so hard to have both viewpoints at the table. But even that gets harder and harder. And Dana's story about the King of Jordan made me laugh, because I remember a very similar experience where I was on a congressional delegation and Chairwoman Ros-Lehtinen, and I was six months pregnant at the time, and I wanted to go on the trip, and the doctor said I could go on the trip. And we were seated around the table having the meeting. And I, as you won't be able to hear on the podcast, but you in this room know, look very young, despite my age. And you're self conscious about that. And I remember Ileana just being so caring and supportive of me the entire trip. And I wasn't even her staffer, and I remember she announced to the King of Jordan that I was six months pregnant, and you could kind of see him go, okay. That's very like, thank you. That's very nice. But even just having that moment of having the chairwoman on the other side of the aisle. That whole trip. I think I've told some AJC people another funny story of on that same trip, we met with the Greek Orthodox Patriarch in Jerusalem, and she pulled me up to him, and she said to the patriarch, will you bless her unborn child? Knowing I'm Jewish, she leaned over and said to me: Can't hurt. So I hope that we return to a place like that on Capitol Hill. I think there are really good staffers like us who want that to happen, but it is just as hard a space now in foreign policy as you see in other parts of politics. Manya Brachear Pashman: Mira, I want to ask you another policy related question. How did the Abraham Accords change the dynamics of your combined portfolio, and how could it shape the future? Mira Resnik: My first, one of my first trips, certainly my first trip to the Middle East, when I was the Deputy Assistant Secretary for Regional Security, overseeing security assistance and security cooperation, was to Dubai, as the State Department representative for the Dubai Airshow. And it is a huge event that showcases the world's technology. And I remember walking into the huge hangar, that every country that has a defense industry was showcasing their most important, their most important munitions, their most important aircraft. And I remember seeing the enormous Israeli pavilion when I was there. And I was staying at a hotel, and I get to the breakfast and they said, Would you like the kosher breakfast or the non-kosher breakfast. And I'm like, Am I in Israel? And I was blown away by the very warm relationship–in the security space, in the humanitarian space. I agree with Casey that things have gotten a little tougher since October 7, and since the aftermath in Gaza. But what I would also point out is that April and October, during the time when when we witnessed Israel under cover, when we witnessed Iran's missiles and projectiles going toward Israel and going toward other regional airspace, our diplomats, our militaries, our intelligence officials, all had earlier warning because of the work of other Gulf governments, even those who have not joined the Abraham Accords. And that is a prime example of where this security cooperation really matters. It saves lives. Manya Brachear Pashman: So Casey, so much of what AJC does has to do with international diplomacy and maintaining that regional cooperation and security, and that sounds a lot like your previous role. So I'm really curious how much your job truly has changed since you came to AJC? Casey Kustin: You're absolutely right. There are so many similarities in what we do at AJC and what we did in the government. And the core of that is really those relationships that you build with partners and interlocutors in other countries and other governments, and the foundation, over decades that AJC has laid. Particularly in the Middle East, thanks to 30 years of quiet travel to the region. It struck me when I first came here, the access that AJC has is nearly the same that we had traveling as members of Congress. And the meetings and the quality and the level of meetings that AJC is afforded in these other countries. Our missions, which many of you have been on, often feel like congressional delegation trips to me, and the conversations and the candor with which partners speak to AJC is almost the same that was afforded to members of Congress. And that has been comforting, in a way, as you said Manya, Because there feels like there's continuity in the work that we're doing, and it has made me realize that organizations, non-governmental organizations, advocacy organizations, play such a crucial role in supporting the work of a government, of your country's government. And in reinforcing the values and the interests that we as AJC want to communicate that very much dovetail, with hopefully any US administration. I think that the role that an organization like ours, like AJC, can play in a particular moment, like we're in, where, as we've discussed, there's hyperpartisanship, and we hear a lot, Dana mentioned this. We hear a lot from foreign partners that the way our democracy works with a change in administration every four years is unsettling to some of them, because they don't know if a particular policy or agreement is going to continue the role that we can play, providing some of that continuity and providing a nonpartisan and thoughtful place to have conversations. Because they know that we have that kind of nuanced and thoughtful and nonpartisan insight. Manya Brachear Pashman: I really appreciate your insights on the roles that you've played, and I think the audience has as well. But I want to pivot back to your role as women. Dana, I mentioned that you were often the only woman at the table. Would you discover that when you arrived at meetings and events? Dana Strohl: In Washington, DC, and in particular, I'm very proud to have served in the Biden administration, where there were always women at the table. And I will also say that there was a network of women, and it was the same on the Hill. On the hill, there was actually a box of maternity clothes that was kept in then-Senate Leader Harry Reid's office. And his National Security Advisor called me when she heard I was pregnant the first time, which was during the 2015 JCPOA negotiations on the Hill, which meant that I was super tired and doing all of those congressional hearings and briefings, but there was a network of women who were supporting each other and giving me clothes as I got bigger and bigger. And it continued into the Pentagon and the State Department, where there were always women and when we saw each other at the White House Situation Room or in the different meetings, there was always the quiet pull aside. How are you doing? How are your kids? Are you managing? What's the trade off on your day to day basis? Can I do anything to help you? And in particular, after October 7, that network of people really kicked into high gear, and we were all checking in with each other. Because it was the most intense, most devastating time to work in the government and try to both support Israel and prevent World War III from breaking out across the Middle East. So that was DC. In the Middle East, I largely assumed that I was going to be the only woman at the table, and so I decided to just own it. There are some great pictures of me always in a pink jacket, but the point you know, was that I expected it, and there were always women, again, against the back walls. I made an effort whenever possible to make sure everyone at the table, regardless of your gender, had an opportunity to speak and participate, but I was also not just the only woman. A lot of times, I was the co-chair with whatever partner it was in the Middle East, so I had a speaking role, and I felt was incumbent upon me to present a model of leadership and inclusivity in how we engage with our partners, spoke to our partners, listened to our partners concerns, and that that was part of the job. And only once, I remember it very clearly. We were at a dinner after a big meeting, and somebody looks at me, it's a meeting with all, y7all men, all men for a dinner. And they said, Is this what it's like for you all the time? And I said, Yes, it is. And you know, it took two and a half years for somebody to notice, so. Manya Brachear Pashman: Mira, what have you experienced? And have you ever worried as a woman that you weren't being taken seriously? Mira Resnick: I think that every woman in one of these jobs has imposter syndrome every so often, and walking into the room and owning it, fake it till you make it right. That's the solution. I will. I agree with Dana wholeheartedly that in Washington, I was really proud to walk into the room and never fear that I was the only woman. And I even remember traveling where another delegation was all women, and our delegation was all women, and how surprising that was, and then how disappointing, how surprising that was, but to take notice of the moment, because they don't happen very often. I think that in Washington and throughout diplomacy, the goal is to pay it forward to other women. And I wasn't the last person to pump in the Ramallah Coca Cola factory, and I wasn't the first person to pump in the Ramallah Coca Cola factory. But that is, that was, like, my moment where I was like, Oh, this is a strange place to be a woman, right? But I do find that women really bring holistic views into our policy making, and whether it's meeting with civil society, even if your job is strictly security cooperation to understand the human impacts of your security decisions, or making sure that you are nurturing your people, that you are a good leader of people. I remember post-October 7, I was looking for some way that I could nurture in the personal life. And I see Nadine Binstock here, who goes to my shul, and Stephanie also. Stephanie Guiloff is also in the audience. She's my neighbor, and also goes to my shul. And after October 7, I took on the Kiddush Committee Coordinator at my shul. So that every week, no matter what I was experiencing at the office and no matter where I was in the world, our community would be a little bit more nurtured. And it was a way for me to like to give back to the community, and at the same time be able to continue to do the hard power work of security cooperation. Manya Brachear Pashman: So Mira, Casey, Dana, thank you so much for joining us, sharing your modern-day Miriam experiences. I want to open it up for questions from the audience. Just raise your hand and someone will bring you a microphone. Audience Member: Hi, I'm Maddie Ingle. I'm a Leaders for Tomorrow alum. What is some advice that any of you have for young women like me in the advocacy space and in general. Casey Kustin: First of all, thank you for taking the time to come to Global Forum and for joining LFT. You've already taken the first step to better arming yourself as an advocate. I think there is, I wish someone had said to me, probably before I met the two of them who did say it to me, that it was okay to take up space around the table. I remember sitting in secure facilities, getting classified briefings from ambassadors, male ambassadors who were 30 years my senior, and watching the two of you in particular i. Not be scared to challenge the back and forth when I as a probably still, you know, mid 20s, early 30s, did have fear of speaking up. And I wish someone, when I was your age as a teenager, had, and obviously, I had supportive parents who told me I could do anything, but it's different. It's different than seeing it modeled by people who are in the same space as you, and who are maybe even just a couple years older than you. So I would just say to you not to ever be afraid to use your voice. This is a memory that has stuck with me for 15 years. I was in a meeting, sitting next to my congressman boss, with two men who were probably in their 60s, and a vote was called. And you never know on the Hill when a vote is going to be called. So it interrupts a meeting. And he had to go vote, and he said, Casey will finish the meeting with you. And they looked at him and said, Does she know what we're talking about? Dana Strohl: We have all been there, Casey. Casey Kustin: We have all been there. So even if you're met with a response like that when you try to use your voice, don't let it deter you. Audience Member: Hi, guys. I'm Jenny. This has been my favorite session of the three days. Thank you guys. My mom is the first female, woman brakeman conductor on Amtrak. So you guys are just so empowering. As a long time Democrat, you guys talked about bipartisan issues. With how the Democratic Party is. I know you guys probably can't go fully into this. Do you have any inspiring words to give us hope when it feels very scary right now, as a Democrat, how divided our party is. Casey Kustin: I work for a nonpartisan organization now, so I'll let them handle that one. Dana Strohl: I, so were we all on the Hill during the first Trump administration? And there was still bipartisanship. And what I'm looking for right now is the green shoots of our democracy. And I see them. There is thinking through what does it mean to be in this country, to be an American, to live in a democracy? What does democracy do? I think, first of all, it is healthy and okay for Americans to go through times of challenge and questioning. Is this working for us? And you know, the relationship between the government, whether it's legislative, judicial, executive and the people, and it's okay to challenge and question, and I think it's okay for there to be healthy debates inside both the Republican and the Democratic Party about what what this stands for, and what is in the best interest of our country. And you can see both in polling data and in certain areas where there actually are members of Congress coming together on certain issues, like economic policy, what's in the best interest of our constituents and voters. That there is thinking through what is the right balance between the different branches of our government. I was talking to somebody the other day who was reminding me this actual, you know, we are, we are in a time of significant transition and debate in our society about the future of our country and the future role of the government and the relationship. But it's not the first time, and it won't be the last. And I found to be that part of my job was to make sure I understood the diversity of voices and views about what the role of the government should be, general views about American foreign policy, which was our job, was just such a humble reminder of democracy and the importance of this back and forth. Audience Member: [My name is Allie.] My question for you is, what are your hopes and dreams for generation alpha, who will be able to vote in the next election? Casey Kustin: I think we all have, all our kids are still in elementary, or Mira, your one is going into middle school now– Mira Resnik: To middle school. Casey Kustin: So the vast majority of our children are still elementary school age. And for me, I have a very interesting experience of moving my family out of a very diverse community in Washington, DC to Jacksonville, Florida. And it's a very different environment than I thought that my children were going to grow up in, because at the time, we didn't anticipate leaving DC anytime soon, and it's made me realize that I want them to live in a world where no matter what community They are growing up in, they are experiencing a world that gives them different perspectives on life, and I think it's very easy now that I have gone from a city environment to suburbia to live in a bubble, and I just, I hope that every child in this next generation doesn't have to wait until they're adults to learn these kinds of really important lessons. Dana Strohl: I have two additional things to add. I'm very concerned at what the polling suggests, the apathy of young people toward voting, the power of voting, why it matters. And participation, that you need to be an active citizen in your governments. And you can't just vote every four years in the presidential election, there's actually a ton of voting, including, like the county boards of education, you got to vote all the way up and down you continuously. And that it's okay to have respectful debate, discourse, disagreements in a democracy. So I would like this generation to learn how to have respectful discourse and debate, to believe that their votes matter and just vote. And three, on the YouTube thing, which is terrifying to me, so I'm hoping the educators help me with this is, how to teach our kids to separate the disinformation, the misinformation, and the fiction that they are getting because of YouTube and online. So mine are all elementary schoolers, and I have lost positive control of the information they absorb. And now I'm trying to teach them well, you know, that's not real. And do I cut off certain things? How do I engage them? How do I use books and when? So they need to not just be active participants in their society, all up and down the ballot, multiple times every year, but they need to know how to inform themselves. Manya Brachear Pashman: And Mira? Mira Resnick: I do hope that our children, as they approach voting age, that they see the value in cooperation with each other, that they see the value of face to face conversation. I think that honestly, this is the value of Shabbat in my household. That you take a break from the screens and you have a face to face conversation. My children understand how to have conversations with adults now. Which is, I think, a critical life skill, and that they will use those life skills toward the betterment of their communities, and more broadly, our Jewish community, and more broadly than that, our global community. Manya Brachear Pashman: Thank you so much. Thank you to everyone.
In this episode, Kai-Tse talks to us about the reasons behind co-launching Bellwether and which particular gap in the market it was trying to capture. He shares more details about Bellwether's volar solution, which is designed for anyone to fly from anywhere to any point at any time, and its aircraft. Oryx is Bellwether's third generation volar and was unveiled at last year's Dubai Airshow. Kai-Tse tells us how are developments coming along, as well as key takeaways from its flight test programme. And finally, he gives us a glimpse of how Bellwether's aircraft will fit integrate within city networks.
It's the 500th Simulator Special! Well here we are! We finally made it. All the crew have been fully type-rated and signed off, paperwork has been checked, we've done our walk-around. Weight and balance checks are complete, all the waypoints are in the FMC, performance calcs verified, the ground run-ups have been done. We're pushing back and getting ourselves ready to line up on runway FIVE ZERO ZERO! Finally, here we are ready for take-off, on our great PTUK milestone. It feels like this has been quite a while coming, and it's a big milestone for us to reach. Our podcast began way back on the 6th of November 2013 and since then the team has changed and grown, and we've been lucky enough become part of a wonderful aviation podcasting community, with friends all across the globe. We've done some amazing things, with highlights such as Wings over Pittsburgh in 2017, the Dubai Airshow in 2019 and not forgetting our 400th get-together at Brooklands. We've met some real aviation celebrities, and taken part in some wonderful events. Our amazing support from you, our fabulous listeners, has allowed us to grown and continue, so it is with great pleasure that I present to you the PTUK team, and welcome you all onboard tonight for our terrific episode 500! You can get in touch with us all at : WhatsApp +44 757 22 491 66 Email podcast@planetalkinguk.com or comment in our chatroom on YouTube.
This episode is the third of a new format that focuses on sub-Saharan African air route development, with a specific focus on routes that are due to start or cease in the next quarter. My guests for this podcast are: Aviation consultant, analyst and commentator, Sean Mendis, who brings over 20 years of experience in the industry, including stints managing airports, commercial airlines, and also cargo airlines in Africa and the Middle East. Behramjee Ghadially, an aviation consultant with over 20 years of experience (9 of which has been in Africa) supporting airlines globally with their network planning and strategy. In this episode, we cover: Airlink moving to daily Malawi from mid December, whilst SAA has announced they are pulling out. Etihad's Abu-Dhabi to Nairobi service and why Etihad has a small footprint compared to the other Middle Eastern carriers FlyNamibia to launch Luanda, Maun and Victoria Falls in 2024 Jambojet launching Mombasa-Zanzibar with a dash 8 TAAG Angola increasing Sao Paulo frequencies flydubai ordering 787s and what this means for Africa ET's Dubai Airshow orders and how they plan to deploy the aircraft SAA to launch Gqeberha from Johannesburg Rumour Mill Malawi Airlines adds an ex-asky 737-700. Will we finally see the new routes they have been teasing for months? Madagascar Airlines. What's next there? Emirates back to Nigeria. Anytime soon? Air Tanzania to start USA Did we miss a route? Let me know Email Jon Connect/ Follow Behramjee Ghadially here Connect/ follow Sean Mendis here Finally, if you enjoyed this episode, don't hesitate to subscribe and never miss another episode.
Aviation Week Network's James Pozzi and Lindsay Bjerregaard discuss the recent Dubai Airshow and announcements relating to MRO capacity, capability, technology and workforce.
In this episode of The Markets: Podcast, we delve into recent market shifts and tech advancements. Our focus ranges from Microsoft and OpenAI's evolving dynamics, highlighted by Sam Altman's move to Microsoft, to the repercussions of internal upheavals at OpenAI on their future and employee morale.In the aerospace sector, we examine Boeing's victory at the Dubai Airshow, securing 313 orders, and what Deutsche Bank's upgrade to a 'Buy' rating means for the company. The episode also covers the electric vehicle (EV) market, focusing on Nio's financial health, Tesla's Cybertruck, and broader market trends.
Catch up with the latest news and insights from the aviation sector, plenty of bro science, hearty motivation and some horrendous financial advice. Quite possibly a waste of your valuable time. Listen at your own peril.
Ed Ludlow, host of Bloomberg Technology, joins to talk about OpenAI, Sam Altman, Microsoft, and the events that unfolded this weekend. Mandeep Singh, Bloomberg Intelligence Senior Tech Analyst, also joins, to discuss how this impact the opportunity for other AI models. Jim Anderson, CEO and Beacon Software and former CEO of Social Flow, joins to discuss his opinion on “slowing down” AI, the effects AI has on technologies like Cruise, and other views on Ai and Elon Musk. Matt Sigel, Heads of Digital Assets Research at VanEck, joins to discuss Wall Street's bullish outlook on Bitcoin ETFs and how the Argentinian election could impact Bitcoin prices and risk assets. Ali Ben Lmadani, CEO of ABL Aviation, discusses the Dubai Air Show and airline industry. Hosted by Paul Sweeney and Matt Miller.See omnystudio.com/listener for privacy information.
In episode 196 of the Simple Flying podcast, Jo and Tom are joined by Sumit Singh, Simple Flying's Lead Editor, and Richard Shuurmann, freelance journalist and the man behind the Airbus A380 Fanclub Twitter account, to take a deep dive into the going ons of the week.
On this week's Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, and Richard Aboulafia of the AeroDynamic Advisory consultancy, join Defense & Aerospace Report Editor Vago Muradian to discuss the week on world markets as inflation declines and Congress funds the government through mid-January, Babcock and BAE Systems earnings as well as AUKUS newsflow, takeaways from President Biden's summit meeting with China's Xi Jinping and the Dubai Airshow, Boeing's decision to eliminate its top strategy post, and the General Atomics Aeronautical Systems' Mojave short-takeoff and landing variant of the Predator makes history by taking off and landing aboard HMS Prince of Wales.
On this week's episode of AvTalk, a horse escapes its stall onboard a 747 flying from New York to Liege. A panel of experts says decades of congressional meddling and underfunding of the FAA introduces undue risk to flying in the US. And the Dubai Airshow is Boeing's show with orders for nearly 300 aircraft, […] The post AvTalk Episode 242: Quit horsing around back there appeared first on Flightradar24 Blog.
AEROSPACE Editor-in-Chief Tim Robinson and Features Editor Bella Richards sum up the 2023 Dubai Air Show and speak to special guest Royal Aeronautical Society President, Kerissa Khan.
Catch up with the latest news and insights from the aviation sector, plenty of bro science, hearty motivation and some horrendous financial advice. Quite possibly a waste of your valuable time. Listen at your own peril.
We've got the latest from Ed Bell, Senior Director, Market Economics, Emirates NBD on what's moving the markets as we head towards the weekend. Plus, it's part two of our interview with Tony Douglas, CEO, Riyadh Air talking about Saudi Arabia's start-up airline Riyadh Air which is set to place an order for narrow-body aircraft in the next few weeks. We'll also hear from Paul Kelly, Operations Director, Allsopp & Allsopp on the rental market which has remained robust, with 40,840 transactions. Apartment rentals have dominated, while villa and townhouse rentals have also seen significant activity. Finally, we hear from Danny Van Otterdijk, Chief Communications Officer, DP World for day two of the season-ending DPWTC at JGE. See omnystudio.com/listener for privacy information.
Ahmed Al Khoori, senior vice president, Strategy & Excellence, EDGE Group talks to Asian Military Review Editor-in-Chief ahead of exciting announcements at the Dubai Airshow.
De gedwongen krimp van het aantal vliegbewegingen op Schiphol ging deze week, tot opluchting van velen, de ijskast in. Dat betekent dat er meer gevlogen kan worden dan aanvankelijk gepland. Maar hoe worden de extra slots straks verdeeld? En komen bijvoorbeeld JetBlue en Air India nu terug? Luchtvaartnieuws sprak met onder andere de slotcoördinator en Schiphol om een antwoord te vinden op bovenstaande vraag. Verder in de podcast: duurzaamheid voert boventoon op IATA-top in Amsterdam en het regent Oosterse orders op de Dubai Airshow.
Joe Biden and Xi Xinping held several hours of talks in San Francisco, on the sidelines of the APEC meeting. Biden said “the planet is big enough for both of us to succeed” whilst also addressing economic ties with China. We'll have the latest analysis on that with Ed Bell, Senior Economist at Emirates NBD. As we broadcast live this week from DC Aviation Al Futtaim's VIP Terminal at Al Maktoum International Airport, we're celebrating the company's 10th anniversary amidst the Dubai airshow. Etihad Airways CEO Antonoaldo Neves, joined the Business Breakfast as he pledged to triple the number of passengers by the end of the decade. Plus, Tero Taskila, CEO, Beond - the newly established luxury airline that has showcased its first passenger plane at the Dubai Airshow explained how they're about to launch their first flights from Riyadh, Zurich and Munich to the Maldivian capital, Male. We also hear from Riyadh Air CEO, Tony Douglas who's set to place an order for narrow-body aircrafts within the next few weeks. See omnystudio.com/listener for privacy information.
Only days until money runs out - will the government shot-down? Markets on the herky-jerky, thanks to the Fed and Mr. Powell. Major retail earnings out this week - winners and losers. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - 4-days until shut- down / anyone care? (Shut up about shut-down already - Moody's angry - Moves US rating outlook - Croc's CTP Still Open of Entries| - Thanksgiving - What are we doing - menu items! - BOOM! CPI dips a bit ad market RAMP (KRE up 7% IWM up 5%+) Market Update - Herky Jerky - Thanks to Fed - Big names continue to push up index values - KRI +2 Slight Overheating - Retailers earnings this week, Walmart, Target Etc -- Consumers in the spotlight Moody's - Moody's on Friday changed the outlook on the government of United States of America's ratings to "negative" from "stable". - The rating agency said it expects United States' fiscal deficits will remain very large, significantly weakening debt affordability. - Moody's affirmed the long-term issuer and senior unsecured ratings at "Aaa". - Another wake up call to the administration/govy of US to get their shot together. Fed - Powell was in push-0back mode on Thursday on a speech that he clearly stated that there is probably more work to be done to conquer inflation - "If it becomes appropriate to tighten policy further, we will not hesitate to do so," Powell cautioned a market still betting both that rate hikes are done and that three cuts are coming next year, starting as soon as June. - Same day as the Bond market glitch, which as problematic - Not to worry, by Firiday no-one believed Powell an ran markets up hard (one of the best days for NAZ100 in 2023 Consumers - The consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling by 0.08%, and core retail, which also removes restaurants, declining by 0.03% (CNBC Monitor) - The October data showed weakness in gas station sales, electronics and appliances and furniture and home stores. There was strength in sporting goods and hobby stores and non-store retails, or internet sales, along with health and personal care. Ransonware Attack - Biggest bank - Could this be the reason Treasury auction last Thursday was so weak (smacking down markets) - Sources told Bloomberg that ICBC Financial Services, a U.S. subsidiary of Industrial and Commercial Bank of China, relied on the offline system to process trades of U.S. Treasuries after it was hit by a ransomware attack on Wednesday. - It could take days to reconnect ICBC to the electronic settlement system, Reuters reported. - Analysts say the attack, which disrupted the U.S. Treasury market on Thursday, was likely the work of LockBit, a Russia-linked criminal gang that was also accused of hacking Boeing earlier this year. Today, the group claimed responsibility in messages to reporters. Planes! - Emirates Airline on Monday announced an order for 95 Boeing aircraft at a value of $52 billion, kicking off the first major deal of the 2023 Dubai Airshow. - The state-owned flagship Dubai carrier, a subsidiary of Emirates Group, is ordering 55 additional Boeing 777-9s and 35 of its 777-8s, bringing the airline's total orders for the 777X widebody jets to 205 units. It is also updating its order of Boeing 787 Dreamliners from 30 to 35, comprised of 15 787-10s and 20 787-8s. - Being up 3% on the news Interesting... - Exxon aims to become a top lithium producer for electric vehicles with Arkansas drill operation - Exxon earlier this year purchased 120,000 acres of a geological site in southern Arkansas called the Smackover Formation that is rich in lithium.
Emirates leads a long list of commercial aircraft orders announced at Dubai Airshow, but the fortunes of Airbus and Boeing differed. Listen in as Aviation Week editors Christine Boynton, Guy Norris and Jens Flottau talk about the key developments in commercial aviation from the show.
In this special episode, Alex kicks things off with a roundup of all the happenings at Dubai Airshow, the blockbuster aircraft orders, and more. The duo then take a deep dive into US air travel, and why it's quite unlike every other air travel market on Earth. Plus... insight on the world's most "secret" airline that's based out of Las Vegas. Just don't tell anyone about it.------------------------Please send us your questions, topics, or opinions via direct message on Instagram below.Follow Nonstop Dan on YouTube and Instagram.Follow Alex Macheras on X (Twitter) and Instagram.Contact for sponsorship: collabs@nonstopdan.com------------------------Dubai Airshow Roundup EgyptAir plans to configure its A350s with 340 seats. This will eventually replace the carrier's current Boeing 777-300/ER configured with 346 seats.Ethiopian Airlines Orders Up to 98 Boeing 787 & 737 MAXairBaltic Orders Up to 50 Airbus A220Royal Jordanian Orders 4 More Boeing 787-9 Dreamliners, Royal Air Maroc ordered two Emirates placed a huge aircraft order for 90 Boeing 777X airplanes, including 55 777-9 and 35 777-8 jets. The new order increases Emirates' 777X family backlog to 205 jets.Emirates is also buying five more 787 jets – growing its 787 backlog to 35 – (while converting 30 787-9s to 20 787-8 and 10 787-10 jets).FlyDubai (part of the Emirates group) has also ordered 30 Boeing 787-9 Dreamliner jets — the aircraft will be the first long-haul, widebody jets to fly for the Emirati low-cost carrier.Almost 50% of all aircraft deliveries to Middle East airlines over the next 20 years will be long-haul widebody jets There is a long wait to get those bigger 777Xs, which won't enter service before 2025, fully five years late.This week, Philippine Airlines and EVA Air of Taiwan bought A350-1000s instead of waiting for the 777X to replace their older 777s.Boeing launched at the Dubai Air Show exactly 10 years ago with big orders from gold-plated airlines Qatar, Emirates of Dubai, Etihad of Abu Dhabi US Air Travel Deep diveBoeing 757s, Boeing 767sRolls Royce EnginesUS airlines flying older planesAirlines Retiring 747s Flying Low-Cost in the United StatesUS airline (never-ending) boarding groupsFlying First Class in the US Free Upgrades on US Carriers United, Delta, American Airlines Successful Legal Action Against AirlinesThe Secret US airline "Janet" and its missions in Area 51
On the Bitesize podcast today we're broadcasting live from DC Aviation Al Futtaim's VIP Terminal at Al Maktoum International Airport celebrating the company's 10th anniversary during the week of the Dubai Airshow. Brandy spoke to His Highness Sheikh Ahmed Bin Saeed Al Maktoum - CEO and founder of Emirates Group at his semi-annual round table and began by asking after the massive wide body order, will they now buy narrow body? Plus, Paul Griffiths, CEO of Dubai Airports exclusively revealed to the Business Breakfast that they are set to match and even exceed pre-pandemic passenger traffic. Ghaith Al Ghaith, CEO of flydubai gave us the latest about their order for 30 Boeing 787-9 Dreamliners worth $11 billion (Dh40.37 billion) at the Dubai Airshow. Finally, Peter Van Driel, CFO, ADNOC Gas told us about their quarterly net income of $1.1billion. See omnystudio.com/listener for privacy information.
Episode Notes Airbnb is looking to further incorporate artificial intelligence into its business. And on Tuesday, it announced it has acquired GamePlanner.AI, a company founded by a creator of Siri, writes Travel Technology Reporter Justin Dawes. Airbnb CEO Brian Chesky said his company has been rebuilding its app with a focus on AI, and that the GamePlanner.AI team will focus on accelerating certain projects. Airbnb recently unveiled a new AI-powered photo tour tool for hosts. Airbnb didn't reveal the acquisition price, but a CNBC report valued the deal at close to $200 million. Next, the chief operating officer of Riyadh Air, Saudi Arabia's new airline, believes it can take advantage of the growing travel demand in the kingdom. But the company isn't looking to compete with Emirates to be a global hub, writes Middle East Reporter Josh Corder. Riyadh Air Chief Operating Officer Peter Bellew told Skift the airline's main goal is to make going from point-to-point easier for travelers. He added he doesn't see Riyadh Air, which is scheduled to launch in the middle of 2025, becoming a super connector. Riyadh Air hopes to fly to more than 100 destinations by the end of the decade. Meanwhile, Corder reports Riyadh Air hasn't announced any orders at the ongoing Dubai Airshow. Bellew said the company is primarily focused on recruiting staff at the moment. Finally, travelers haven't been booking trips to Turkey in large numbers recently, writes Global Tourism Reporter Dawit Habtemariam. Several tour operator executives said they've seen bookings for Turkish trips dry up. Kelly Torrens, Kensington Tours' vice president of product, said many travelers don't feel comfortable traveling in the region despite Turkey not being near the Israel-Hamas conflict. Jacada Travel founder Alex Malcolm said he's had to explain the situation to travelers to make them feel comfortable about traveling in Turkey. G Adventures Vice President Yves Marceau said if bookings continue to remain weak, tour operators will have to trim their inventory in Turkey.
Det har blitt tirsdag 15. november, julebordsesongen har begynt og denne uken samles flybransjen til Dubai Air Show. Vi skal selvsagt snakke om nye ordre fra Dubai, vi skal kose oss med nye uniformer, vi har ferske passasjertall og det kan se ut som vi snart må børste støvet i konkurshjørnet. Velkommen ombord på flight 275! Ulykkesflight 275: Spantax 275, 3. desember 1972 AKTUELT: Turkish bestiller 335 Airbus Emirates of flyDubai med kjempeordre Riyadh Air med sin andre livery Passasjertall fra Avinor SAS' oktobertall Norse' oktobertall Er Norse i spill? 40 nye ruter for Norwegian Nye uniformer Konkurshjørnet UKENS ANBEFALING: Vi gleder oss til 26. januar når serien Masters of the Air slippes på Apple+ Steven Spielberg, Tom Hanks og Gary Goetzman, mennene bak Band of Brothers of The Pacific er tilbake med en svært etterlengtet serie. Om traileren holder den lover så blir dette ni fantastiske episoder. https://www.youtube.com/watch?v=2RWohylGm3c
Новости на радио «Русские Эмираты» в Дубае: - Экипажи авиагруппы "Русские витязи" продемонстрировали групповые фигуры высшего пилотажа и прошли мимо зрителей на предельно малых скоростях на истребителях Су-35С в ходе летной программы на Dubai Airshow 2023 в Объединенных Арабских Эмиратах. - Россия и Объединенные Арабские Эмираты обсуждают перспективные направления сотрудничества, проводят экспертные консультации, сообщается на сайте правительства РФ со ссылкой на вице-премьера – главу Минпромторга России Дениса Мантурова.
In this episode, I do a recap of the Dubai AirshowSupport the show
We give you the latest as tensions rise on the Israel-Lebanon border. Also in the programme: we discuss Ukraine's role in the Nord Stream pipeline explosion, and writer and broadcaster Yassmin Abdel-Magied discusses the EU's warnings of genocide in Sudan. Plus, Monocle's transport correspondent, Gabriel Leigh, on the Dubai Airshow.See omnystudio.com/listener for privacy information.
Impressive fly-by-wire F-15 flying, unique displays from around the world and the absence of Israel are all discussed by Aviation Week editors Guy Norris, Tony Osborne and Steve Trimble at Dubai Airshow. To read all our coverage download our ShowNews app.
We've got the latest on Salik reporting its highest Q3 revenue since the toll gates went live. Revenue was up more than 14 per cent, as the number of registered vehicles and revenue generating trips grew. However, Salik net profit for the first nine months fell, despite higher revenue. The company said this was due to changes to the operating structure, which meant it was hard to compare the performance on a like for like basis with last year. Meanwhile, Emirates and FlyDubai ordered more than $60 billion of new planes on Day One of the Dubai Airshow. Richard has an exclusive interview with Sir Tim Clark, President, Emirates Airlines - Emirates airline announced an order for 95 Boeing aircraft at a value of $52 billion. Plus, we'll hear from Faheem Aziz, Chief Executive Officer, Safa Capital, as today is the latest day for Dubai listed companies to report their Q3 earnings. Finally, we'll hear from Shiraz Khan, Head of Taxation, Al Tamimi & Co on the UAE ministry of finance announcing new corporate tax decisions for companies in free zones.See omnystudio.com/listener for privacy information.
Ask Skift Is the AI Chatbot for the Travel Industry Ask Skift Your Questions Episode Notes Americans are gearing up to travel in large numbers for the Thanksgiving holiday next week. This Thanksgiving could be the busiest for the U.S. air travel for 18 years, writes Global Tourism Reporter Dawit Habtemariam. Travel organization AAA says that more than 4.7 million Americans will fly for Thanksgiving, the highest number since 2005. AAA also found flight bookings on the Tuesday before Thanksgiving appear higher than normal. That's possibly because Americans working remotely can take advantage of cheaper airfares on off-peak days. Habtemariam notes both American Airlines and United forecast this Thanksgiving will be their busiest ever. United will fly nearly 4,000 flights daily on average during the holiday period. Next, Emirates Airlines has reached a deal with Boeing to order $52 billion of aircraft, writes Middle East Reporter Josh Corder. Emirates ordered 90 jets from Boeing as part of the megadeal, which was announced on day one of the Dubai Air Show. The deal brings Emirates' total orders to 295 aircraft. In all, more than 200 new aircraft orders were placed on the first day of the airshow. Emirates is set to receive new Boeing 777 aircraft that take flights up to 18 hours, enabling the airline to establish direct connections between Dubai and cities on six continents. Finally, GetYourGuide has made waves in the tours and activities sector. And its Chief Financial Officer Nils Chrestin believes there's an opportunity for somebody to build a hundred billion company in the sector, writes Travel Experiences Reporter Selene Brophy. Brophy reports that GetYourGuide is one of the dominant online travel marketplaces for experiences. Chrestin said in an interview with Skift that GetYourGuide has seen considerable growth over the last year and a half. However, he said the company has no immediate plans to go public. Meanwhile, in addition to being the clear market leader in Europe, Chrestin said GetYourGuide has seen business boom in the U.S. and North America in general.
On today's episode, financial journalist Govindraj Ethiraj talks to Mukesh Butani, co-founder and chairman of BMR Advisors as well as sports writer and commentator Ayaz Memon.SHOW NOTES[00:00] Stories Of The day[01:00] Retail inflation hits 4-month low, down to 4.87%[04:36] Why are India's personal income tax collections so high?[12:51] Indian students throng to the United States in record numbers, a quarter of all international students.[14:41] Massive orders at Dubai Air Show reflect rising aviation demand.[15:50] Perhaps the best prepared Indian team for the World Cup semi finals: Sports Writer Ayaz MemonFor more of our coverage check out thecore.in--Support the Core Report--Join and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
Новости на радио «Русские Эмираты» в Дубае: - Компания «Рособоронэкспорт» (входит в «Ростех») покажет новое вооружение для истребителей пятого поколения, включая крылатую ракету Х-69, на Международной авиационно-космической выставке Dubai Airshow 2023. Об этом сообщил генеральный директор компании Александр Михеев. - Дубайская полиция предупредила автомобилистах о штрафе в размере 500 дирхамов за нарушение правил разворота (U-turn). Стражи порядка отметили, что с начала 2023 года на улицах Дубая было выявлено более 29 тысяч подобных нарушений.
S&P Futures are flat to lower this morning. Rating agency Moody's changed its outlook on the United States to negative, but the AAA rating remains in place for now. Boeing announced a host of new orders from the Dubai Airshow this morning. An inflation reading is due out tomorrow morning (CPI). Later this week, the U.S. & China leaders will be meeting at a summit in San Francisco to strengthen ties. In Europe, markets are trading higher. Oil prices are flat to higher this morning ahead of the release of the OPEC monthly oil report and the release of Stockpiles data.
We're broadcasting live from DC Aviation Al Futtaim's VIP Terminal at Al Maktoum International Airport all this week, celebrating the company's 10th anniversary. On today's Bitesize podcast we've got the latest from Sameer Lakhani, Managing Director, Global Capital Partners, on the Dubai Taxi IPO announced this morning. Just under 25 per cent of the company's shares will go on sale from the 21st of this month, with a minimum subscription of 5 thousand dirhams. We're also speaking to Aviation expert Nick Humphrey and ask what we're likely to see in the way of new orders and announcements from this year's airshow. We'll also hear from private jet guru Holger Ostheimer, Managing Director of DC Aviation Al-Futtaim on exactly what it's like in the private terminal. Finally, we speak to AC Milan CEO Giorgio Furlani about the opening of Casa Milan Dubai, the new home of the Rossoneri in The Middle East. See omnystudio.com/listener for privacy information.
Thomas Kennedy, JP Morgan Private Bank Chief Investment Strategist, expects a growth slowdown in the US amid a decline in excess savings. Christian Scherer, Airbus Chief Commercial Officer, says the company is in an undersupplied situation coming out of the pandemic with high numbers of aircraft orders. Claudia Sahm, Sahm Consulting Founder, says the US is now closer to a recession than earlier this year. Toto Wolff, Mercedes AMG Petronas CEO, previews this weekend's first-ever Las Vegas Grand Prix. Jon Lieber, Eurasia Group United States Managing Director, says that both political parties are aligned on avoiding a government shutdown. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance Full transcript: This is the Bloomberg Surveillance Podcast. I'm Tom Keene, along with Jonathan Farrow and Lisa Abramowitz. Join us each day for insight from the best and economics, geopolitics, finance and investment. Subscribe to Bloomberg Surveillance on demand on a Spotify and anywhere you get your podcasts, and always on Bloomberg dot Com, the Bloomberg Terminal, and the Bloomberg Business App. What we do here is we have smart guests like Will Kennedy, just joining us at Queen Victoria Street in London on oil and now joining us his compatriot in Irish crime. Thomas Kennedy joins his chief investment strategist at JP Morgan. One Kennedy to another, and you linked it when you sat down and you looked at Will Kennedy's world and says, when the price of oil moves, you see in chases, charge card juggernaut reaction, what do you observes oil comes down? Yeah, we saw change in the way the consumer was reacting to higher oil prices around August September area in our Chase credit card day. To remember, we're banking about twenty percent of America, and what we saw there was a nice plug nailed deck when gasoline prices rose. You actually saw a discretionary spending go down. Now, Tommy might be saying, well, of course you're going to see that. Right, prior to August and September, in the post COVID era, we did not see that relationship. It suggests the excess savings in America might actually be depleting after how many quarters of negotiating on it, right, and then when we really dig into the accounts of these folks, and we do it in anymous anonymous fashion, about half of America looks like they're out of excess. If you're missing words up, it's okay. You're sitting on the side of the table where we do that routinely. You know, I'm looking Time Kennedy at the polarity between Morgan Stanley and Golden Sachs today. You need the leadership or Bruce chast and Michael Faroli to give you an economic backdrop. What's your economic backdrop that forms your outlook call this year? Yeah, we're expecting a growth slow down pretty much like the less rest of Wall Street at this point, and it is relatively simple and intuitive. You have the cost of capital above expected revenue in this economy, and if you think about America as one big business, it's very odd to see the cost of capital to be above expected GDP. It should force investors to say, maybe I'll just save instead of borrow money and invest in my business. We've seen this four or five times in the last forty years, just about every time you see a growth slowdown, tom So we should expect that to happen. The question becomes what's the scenarios where it doesn't happen? And in those scenarios you have one where either the consumer is much more resilient and they have access to borrowing, and you're going to see growth come higher or something breaks in the meantime. Those are pretty dynamic and polarizing outcomes in the future. Everything you set up until then, though said, by the ten year go along the curve. Look in some of this yield. Is that right? Yeah? I think it has to be. John. You have at this point a municipal bond that is giving you equity like yields, and for the first time in twenty years, it is actually competing with the earning yield on the s and P five hundred. For my clients that are gathering wealth for generations, I can show them something that has near zero default risk and you can get equity like yields. Is their risk to that, of course there is, But that's a dynamic that they haven't seen in two decades. And now I can start to reposition some of their portfolio and they say, Thomas, I'm nervous. I'm seeing yields all over the place. Are they reluctant to buy even at these rates? Even after you tell that story, it's a reluctant still to buy it. In our data for the last twelve months, this has been the trade that people have been excited about and can get invested in. That doesn't mean it's not without angst. When we saw a five year tax free yields show up two weeks ago, that dynamic changed five percent tax free for people in New York City, where we're sitting. Guys got to buy a taxable bond above ten percent to get an equal return, So the behavioral experience for them did change there. I think as a market prognosticator makes you say, well, how high can rates really go before we're going to see that crowding out effect of high yields. One of the mysteries of this year has been what the main driving force in yields has been. Is it the economy? Is it inflation? Is it the politics or the fiscal backdrop? This is going to be a really interesting test. What do you think is going to be most important with respect to market volatility? Of all the things that are going to happen this week, the FED expected out look for the FED. You can explain more than three quarters of all the movement and rates just from those two things. Where the FED is and where you expect them to be in a year's time. In the last couple of months you have seen I would call it supply of treasuries become a little bit more of a factor, but not dominant at this point, Lisa. So as we look ahead, what's going to matter the slowdown? How big of a slowdown is it? And importantly, what will the Fed's reaction function be. You said that half of America's are half of America is pretty much out of savings based on your data, Yeah, which half, right? I mean? Is this the half that has been spending more aggressively and will continue to if they had the money, or is this a half that is particular in the economy? Right? I mean we're talking about the two Americas. We've got a lot of Americas and they're moving at different speeds. Yeah, the two America's theme really resonates for me. But the folks that are out of excess savings at the bottom half of America, and those are todaytionally the ones that don't have excess savings. So now they have a decision to make. They can either slow consumption or try to turn to their credit card at a time when credit card rates are historically punitive, even when you normalize them for where interest rates are or base rates from the FED. So I think the slow down metrics makes sense when your highest marginal propensity to consume folks are running out of their excess savings. Really sharp article this weekend of the millions of Americans. They don't own Apple, they don't own Nvidio, Microsoft, they missed the boat and they got a two to oh one k. They walk into JP Morgan Chase this morning with a disastrous portfolio. They're miserable. How do you approach the active versus passive retirement debate? I think at this point in the cycle time, active is going to make the most sense in that when you're looking at a passive allocation, even to the equity market, the haves and have nots are there. On the one hand, you have, say Tech in the equity market that has gone through its optimization of its balance sheet. Layoffs in the tech sector have been big in the last twelve months. Capex is now getting turned back on around AI and the monetization phase is not going to be that long. Microsoft, as an example, three percent of their revenues are coming from AI already. Meanwhile, you move to small and midcaps, and these are the most interest rate sensitive sectors and they have debt to EBITDA two to five times. They are going to feel this pain more than big tech. So in the equity market as an example, active management I think makes sense as a headline early cycles when you rotate back two more passive ideas, and that's not where we are right now. So in the minds of money, late cycle is where people think we are right now. I think it's a muddel and I'm really fascinated by the outlooks. I meantime, Kennedy's going to put together thirty four page outlook I have a rule I read the first must this time of the year where it's difficult to sort of get beyond next week to put something out for the next twelve months. How hot is that? I think it's difficult when you're trying to do it at the end of a cycle. The FED has just done the most aggressive rate hiking cycle we've seen. And where are you? Are you in the muddle through? Are you in the late cycle? Are you in the end cycle? That's the hardest part. But to be able to turn to your client and say to them, I can show you equity like yields and fixed income it's a way to buy some time and get some good yield in a portfolio. Pro tip more charts tip David malpassed a Bears Turns years ago. Went in doubt. Saw that from David costin effort goalman. This morning it was gone through his outlook. He's just full of chance and tables. Thomas, this is great. He's going to see it some kind of do that of JP Mulkin prims a bank. Guy Johnson is expert at the development of jets, the crafts that we fly every day, and he knows the Christian Sharer Bleeds Airbus share grew up in to Lose France. He's been part of Airbus Way way Back for many many years and he is now the CCO of the great European airplane builder. Guy Johnson in Dubai, gud good morning, Good morning, Tom King, All good evening. The sun's setting on day one of the Dubai Air Show, and as you say, it has been a big one. We've seen some significant orders, some promise of even more still to come, and as you say, the wide body market feels like it is back. Over the last few years, this has been all about narrowbodies. The recovery out of the pandemic driven by the narrow bodies. Now it's the big workhorses of the sky, their time to shine. Let's talk to Christian Sharer, as you say, the chief commercial officer at Airbus. If you want to know what's happening in this industry, here is the guy to talk to. Christian. Nice to see you, Thanks for making some time for us. Look, the world at the moment feels like we've got a lot of geopolitical tension. We've got a lot of uncertainty. We've got a lot of economic uncertainty as well. Rates have been jacked up, economies are slowing down. Yet it doesn't feel like it at this show, huge orders across the peace in terms of what we're seeing from airlines from around the world. Why the disconnect, I wouldn't say it's a disconnect. You know, an order at an air show is I wouldn't say anecdotal, but it's being very much highlighted because it's an air show. You will will have seen that this year alone, there's been lots of orders in particular with us at Airbus, well before the air show. During the air show, there'll be orders after the air show, So it isn't like an incredible peak all of a sudden, It's part of a phenomenon. The airshow is building for a while though. This is a kind of moment in time when you can take stock. As you say, you're about to sign a very large order with Turkish Airlines, a huge order, a lot of arrow bodies in there, but a lot of wide bodies as well. This feels like a moment in time just to reflect on what is happening, and it feels like demand from the customer is still very strong. Demand within the industry is very strong. They've watched what happens with the narrow bodies and then they've sold out. Now these guys want to make sure that they've got their slots. What is driving this demand, What gives the industry this confidence probably the act guy that we're seemingly in an under a supply situation again, so there's a lot of jockeying for delivery positions. You don't want to miss the train. Just a few years ago, in the midst of the pandemic, remember we manufactures were asked to slash our production by roughly fifty percent, So it takes time. There's a lot of industrial inertia to rebuild an industrial system that's capable of producing large numbers of white body airplanes, and so they don't come in large numbers. So you don't want to miss the train. You study the numbers very carefully. If I look at what's happening with discretionary spend at the moment I listened to LVMH or Reach Moore or the Azure, they're talking about that sort of high end discretionary spend beginning to roll over. And do you think that happens in aviation or do you think the lesson from the pandemic is? Do you know what? I won't have the Cognac, I won't have the Cartier watch, but I will have the airfat I think the letter is true. I think an air trip is no longer a luxury per se. It is part of discretionary consumer spending. It's probably a the top of the list. I would think that the recent behavior that we've seen, beyond the obvious phenomenon of pent up demand coming loose after the pandemic, I believe that the consumer will tend to go enjoy himself, yourself, visit, visit friend's family before they buy an expensive watch in terms of kind of what happens next. Do you see this demand being sustainable? Do you talk about the fact that the esshow shouldn't just be how we perceive what's going on? You see this as big a sustainable story. Now you think white body demand is back. Where in the cycle do you think we are. I'm not sure we can talk about cycles as much as we used to anymore. So I do believe fundamentally it's sustainable. Our studies are telling us that we will see continue growth in air travel, including in wide body air travel, a little bit less perhaps than before the pandemic, or irrespective of the pandemic, because of the inflationary pressures, increases in fuel prices, et cetera, et cetera. You mentioned it, But we do see sustained demand, including on intercontinental travel, and we do see on the large aircraft where fuel burn in particular and technology plays the biggest part, increased demand to replace all the airplanes. So there's more replacement in the years ahead than there was before. You talk about inflation, What are you building into these contracts? You're selling airplanes five ten years down the road. Inflation is running hot right now? How are you building that into your contracts? How much are you building into that contracts? How important when you sign a contract is that escalation tools. That's a really good question, and that is a subject of finding the right balance of how you share that risk of inflation with the customer, the airline that is making a purchase decision many years in advance, typically a guy. What we do is we index our pricing on indices of material costs and labor costs. Those are US industries, those are most mature indices that exists in this industry. So we index that and then if it's a discussion depending on how far out the airplane is being ordered for, that's a discussion of how we share that risk, that inflationary risk with our customer. You're going to be able to build all these airplanes. I spoke to Gail a few days ago CEO. He was talking to me about going from nine to ten on the three point fifty program. If this demand continues, do you have to go ten to eleven, eleven to twelve, twelve to thirteen and how hard is that? Well, one step at a time. Remember we're coming from we were at a rate ten before the pandemic. We slashed it down. Now we're ramping back up to ten. It's not a trivial thing. Airbus is not necessarily the limiting factor here. It's a huge supply chain that we're pulling with us, and that's the pacing item. Is it conceptually possible that we go further? Yes, In fact, the ever optimistic commercial man and me will say yes, most probably we will, but that is not for today. We have objective ten per month in our site. That's what we're going to do, and our programs are running very much on time. One final quick question, and it's come up a lot today in the conversation that I've been having, the Rolls Royce new CEO two fan appears to be running the business in a slightly different way. He can clearly add up. He clearly wants to make some money, and that is resetting the relationships within the industry. They are sole supply on the A three fifty. How as that relationship changes, How does the relationship between Airbus and Rolls Royce change, Airbus and Emirates change, How does it change the nature of the relationship between between supply customer and ultimate customer. Well, I'd say two things. The first one, the most important is we're really really happy with the Rolls Royce engine on the A three to fifty program and on the A three thirty as well, but on the A three to fifty program in particular, the XWB engine, I will dare say is by far the best engine in the sky today in reliability, in fuel burn, endurability. It's a wonderful engine. So that's point one. Point two. Yes, there is a resetting of pricing in the engine business, the fuel burn. The engine guys have developed fabulous machines to lower the fuel burn. That comes at the expense, at some expense on the maintenance side, because these engines consume paths quicker, consume less fuel, more parts, And that reset is what's happening in the industry, in the engine industry at large, and Rolls Royce is no exception to be glad to see you. Thank you very much, Dean Christian, thanks for taking us, taking the time and here at us Tom Kine from the Dubai show, the sun is setting here back to you, guy Johnson, thank you so much. Always interesting. She has become acclaimed. Claudia Sam was someone out of Michigan in the fed A number of years ago with a really really dry, smart academic paper on government assistance and how to decide wrapped around recession economics. She's literally become a household name. Doctor Sam joins us now former Fed economist, founder of some consulting. I guess, congratulations. The only one Claudia had a bigger year than you was Taylor Swift. I expect we'll see you at a Kansas City football game anytime soon, Claudia, Sam, I got to get it out of the way just because of the notoriety. How closer we to recession. We're closer than we were say the middle of this year. We are not in a recession. And that's not just this Sam rule. Look around. The economy is still growing now. That's no guaranteed that we will be in that place, you know, in the coming months. And yet we are not in a danger zone with the labor market. And there's a lot of reasons why we may have seen the unemployment rate come up. There could be good reasons like workers coming back. What's important here and you have it in your research note to us and Bramo I think has really been out front on this is almost the behavioral impact. I think Faylor at Chicago. The behavioral impact of feedback loops tell us about what you're working on. The new I'm selling this, folks, for Claudia. She needs something to do. The new acclaimed some feedback loop. What's it looked like? Well, this is the logic. I mean, this Sam rule is about the unemployment rate rising a relatively small amount that happens early in recent It's been very accurate. The idea behind it comes well before me in that once the unemployment rate starts rising, it keeps going because on the demand side, there's this feedback loop. Some people lose their jobs, then they buy less, then those workers lose their jobs, and so on and so forth, and that's where it really gets going. What we see right now is not just a demand side, which would be a typical path into a recession. We see this. You know, workers have really come back. We've gone from labor shortages to now some workers that are looking for jobs. Right. It's going to take the jobs longer to catch up. That's a good thing. We needed those workers. It's just as with everything else in this economy, it's been messy to line up supply and demand. So now it's in the labor market. How uncomfortable does it make you to say this time is different? Very uncomfortable, and yet we could have said many times since the pandemic, this time is different, and very legitimately, you know, I talk about the quote unquote some rule breaking, which is it would trigger and then we would not go into a recession. Last year we saw two quarters of declines in GDP growth. That has only happened inside of recession since World War Two. It happened and we were not in a recession. So the SAM rule could be next in line to break. And I mean I prefer it didn't. I prefer unemployments stay low. But if it did, my base case is we don't go on a recession. Does this mean that right now you see sort of the immaculate disinflation or you see just year over year inflation come down to the Fed's target by later next year without necessarily the FED doing anything more and even potentially cutting rates, like so many Wall Street firms seem to believe. I take issue with the idea or the term of immaculate disinflation. I mean, this is coming out of a pandemic. We know where this is coming from. It's not just like it appeared. And yet to your point, we've already seen it right, and there are not all the disruptions worked out in the economy. The labor market's a place where we've seen some of like the kind of last momentum. There is more to give in terms of inflation coming down. It's going to be messy. I expect roma not to be a fun day in core inflation, and there is some of the demand to come out. And we've seen that wage growth has slowed back to something more normal. So everything is rowing in the right direction on inflation, it's just going to be slow and bumpy. Can you draw distinction, Claudia, between people coming back into the market and the participation rate which hasn't actually gone up so dramatically. Even as we do talk about people coming back into the labor force, when we look at the years a whole participation has moved up. That's a very slow moving creature. Just in terms of the measurement, we've absolutely seen a burst of workers. Women's employment is at an all time high. We have seen a big surge of immigrants. In terms of the workfieces finally getting processed, so we've had people coming back in. It is there in the data in the labor force participation, and some of these factors are more temporary, and that's part of the jobs being able to catch up. Like we're still adding jobs at a good clip, just not like last year. Clot. I don't mean to interrupt, but I think it's really important into the CPI data tomorrow and retail sales the next day. The Boston Fed as a cottage industry of trying to this is Michelle Barnes years ago. Folks trying to figure out guessing consumption? Can we actually guess consumption? How do you respond to people talking about, well, this is the credit card data or that. What are the academics like you actually say about gaming? Seventy percent of the American economy? Right, So I was one of the lead forecasters on consumer spending at the Federal Reserve for about a decade. So I spent a lot of time trying to forecast consumer spending. The big piece, and I've talked about this recently, it's the income. Like if we lose the labor market, we lose consumers, as many people spend their paychecks. If we lose consumers, we're done for in a recession. So to me, it's like all eyes on the labor market that it keeps in the place it is, and household balance sheets are in a place that they have not been in for a very long time, particularly at the bottom. Like that's really encouraging, Claudia, Thank you so much. Claudia, so former feeder reserve economist. There's a lot to talk about here, John, as we get to Toto Wolf Team principal CEO of Mercedes. But John, the real issue here to me, and I'm gonna do a little bit more Spanner and cispar I was reading about the SISPEC cake folks, the side impact bar is very very important for all these different cars. This, thank you, This is more of an engineering discussion you're looking at it. Maybe what we've got SITI is not running away from the camera. Joined us now, Toto Wolf Team principle and CEO of Mercedes AMG ptronis formula onetside. Fantastic catch with you, sir. Let's just start with this new racetrack. We've spoken to a couple of people about it already. What kind of feedback how are you getting from the drivers on the simulars Again, it's a race weekend. First of all, good morning, Good morning to New York. We can also talk side impic structures if you wish, but you're gonna lose some of your some of your audiences. Yeah, I'm skilled with that. Yeah, we can jump on a separate call. I'll tell you. So. The drivers have been in the simulator, and I spoke to Lewis last week when we had a meeting in the factory and he said, the strait is so long and impressive, but we don't really know what to expect because, as you mentioned before, we're racing between ten and twelve local time. Nevada nights, i've heard can be pretty pretty cold, and the only night racing experience that we have is Singapore and a little bit of the Middle East, but obviously never on a new track close to five degree cent degree with careally tires that have never experienced these kind of temperatures. It just raised some questions as to why it's being hosted at this time of the year, at this time of night. Toto, how did that come about and would you push for a change next season? Well, obviously, Las Vegas stands for entertainment and show and liberty came up with the plan, which is great. To be honest, we've not raised in Las Vegas for a long time, certainly not in modern Formula one, and going there with this new format in the night. It's going to be spectacular. I think it's been said before. The track is brand new. That means the surface can be quite greasy or oily, because that's what asphal do does when it's new. We haven't raised in those temperatures, as I said before, But in any case, it's going to be a big spectacle. I don't know whether we will be sliding around or whether the track is going to be really grippy, but we shall find out in a few days. We've been talking about qualifying and the prospect of maybe needing to two three laps to get tires up to what's more temperature to put in that quick slab, so twenty thoughts on that at this point. Yeah, we've headed in the past that sometimes you just needed to slowly warm up the tires because if you push them too hard at the beginning they're green, you know, then you slide over the surface. The grip is never going to come. So bringing them in, driving them carefully, getting them up to temperature and that could last a few laps, depending and we're getting a little bit technical here, depending on how much you heat your rims and your breaks beforehand. And teams have various concepts. They don't want to have the front tires pretty cool and long lasting, or you heat them a lot, which gives you a grip for a single lab for qualifying, but obviously harms them for the risks. It could be chaos or it could be really exciting one or the other. It goes to a conversation we've been having all season on this program total just how you balance pursuing commercial gains without compromising race quality. What do you make in the current balance the Formula one. I think we had that balance to cope with that balance for a long time. And I think why we love the sport so much is because it's honest. Entertainment follows sport. We're not designing regulations or content because we want to create scripted content with a certain outcome, with a certain degree of non variability. We're doing this, we're launching ourselves. There's technical regulations, they're sporting regulations, and then off you go with a certain within a certain framework of cost cap which is similar to the salary cap in some of the US leagues. Everybody has the same starting point and then we launch ourselves into this. So it's honest, the stop watch never lies, and therefore the entertainment's follow suit. And yet we go through these periods of dominance. We saw it with Ferrari late nineties, early two thousands, we saw it with you Mercedes for a long time as well, and now with Red Bull. So Lewis has said recently in the last couple of days, the Red Bull is so far away. I think they're probably going to be very clear for the next couple of years. From your standpoint as team principle, is that a realistic assessment of the future, the next couple of seasons where we're giving it all to break a cycle. Like you said, we had five years of dominance of Ferrari, and we had a drug spell of Red bulland then it was us eight times in a row. And now it's the second Constructor Championship for a Bull or the third Drivate Championship with an indeed very good driver. So we are, you know, with all we have back in effect, and at the racetrake we're trying to come up with a car and with an execution that is as good as it can be, and we have a next cycle of regulatory engine twenty twenty six. But we got to turn this around the well for this race, and I think Total Wolf it's very clear. There's three late races left Las Vegas and then back over the Middle East cutter in Abu Dhabi. Are you racing right now for next year? Yes, we have done for quite some while. We're still fighting for the second championship in the constructor championship. We are second at the moment and Ferrari behind us, so that's an interesting one. But you know, deep down, second or third, third place doesn't matter. We've got to with old humility fight for the front. And that's why many months ago already we've switched and the transitioned to a new corner totally. There's a phenomenal photo of three Austrians, Nikki Lauda, Total Wolf and a guy named Schwarzeneger. It's a really really cool photo. And to take what Arnold Schwarzenegger did, and all of our American audience remove from F one understands the tale in here. When you look at the showbiz a Formula one, the Netflix success of which you're a star his Formula one Gone two Showbiz in twenty twenty three. Obviously, you know there's a few Austrians of us that have gone beyond beyond the country and schwartzeneg are probably the biggest. And I was lucky enough to be very close friends with Niki. We traveled the world around in its function as chairman of the team and there were very valuable lessons that I that I could learn. Did we go beyond the sports too much entertainment? No, I don't think so. We have. We're trying different formats with the sprint race weekends and all Las Vegas racing in the night, and if it needs calibration to provide a better show whilst staying true to our values of the honest spot, I think we've got to try it. But the core product the Grand Korea on Sunday, within the regulations financial technical in sporting is always what Formula one has been all about. Let's finish on the prospective expansion at Toto. I believe you've been against the expansion of the grid. Do you think it's now ultimately inevitable? I think the ten teams that have been in the sport, have been so for a long long time. The smaller teams or midfield teams have gone through a lot of hardship a few years ago when COVID struck, but in any case, they fault for survival. And here we are with the cost cap kicking in. The teams have most of the teams have done into profitability and finally are in a sustainable way and continuing. But that is not a given. You know. We we are on high at the moment, and therefore we've got to respect what the FA and the commercial rights holder are going to decide whether they want to have an additional team joining. And obviously, if we are being asked to saying, as long as it's a crazy for the show, as long as we provide a better, better entertainment, more income, why would any team be against it. But fundamentally it's it's somebody else that decides. And so it's wonderful to catch up with you, sir going into race weekend. Good luck to you with a team. I'm looking forward to watching the race over the weekend. Thank you for being with us. Total wolfare team principle and CEO of Mercedes AMG patronas f one. We've got clocks for any number of things. Four days, seventeen hours, forty one minutes, fifty three seconds to shut down. John Lieber knows the shutdown clock well over the many decades he is at your Raise your group, John, thanks so much for joining from London this morning. We're riveted to the shutdown clock. What's the likelihood that the nation's going to turn into a pumpkin at midnight on Saturday. Well, it's always exciting in US fiscal policy, and the shutdown clock's fun to watch. But I think fundamentally both parties are basically aligned around not shutting down the government. So I think that kind of this situation looks like I did a couple of months ago, where you've got Republicans making demands for spending cuts, Democrats saying we don't really want to do that, but neither side really wants to shut down the government, and Republicans are now putting forward as plan to keep funding going through January for part of the government, February or for the rest. I would bet by the end of this week that's passed, because no, unless there's some mistake or something goes wrong, and these two sides inside they just hate each other too much to actually do this. My quick creator of the Moody's announcement was it was sort of a statement on civics in America. Are we going to go through a process now and towards the next shut down six months out a year out where we yearn to go back to the system you knew working for McConnell years ago. Are we going to some new system of legislating and appropriations in America? You know? I mean the system is basically the same as it has been for the last decade, where one party the other is trying to leverage these deadlines to get the fiscal policy they want. And you mentioned with the Moodies downgrade interest rates and basic civics. But there's also demographics and the US demographics aren't changing, and because of that, you've got this massive increase in spending as there's more retirees in this country, while tax revenues remain basically flat as a percentage GDP. And what that means is the combinations you get more debt as a share of GDP. We've seen the stock of debt triple over the last ten years, and that's probably going to happen again in the future. So I think this Moody's rating is yes about the short term, about higher interest rates, and about the dysfunction in Congress, but fundamentally, this country's on a bad path long term fiscally. Neither party has any seriousness about doing anything about it. Even the Democrats, in what they called an Inflation Reduction Act, which was ostensibly designed to yes, invest in green technology but also reduce the deficit, couldn't muster a single thing that's an actual tax increase in there. They had to rely on these things they could spin as loophole closers, and in the end that bill is probably going to end up increasing the deficit too. So there's simply no seriousness in dealing with this problem, and there won't be until there's a crisis, which raises a question of what it will take. And we were talking with Neil Kashkari last week and he said he actually questions how much the fiscal concerns about the US really are affecting benchmark rates in the US, saying that if this really were an international concern, you would see the dollar weekend. From an international negotiation standpoint, is the fiscal backdrop of the US entering into the discussion more, is it putting the US in a more difficult situation with China and other potential trading partners. Yes, yeah, I mean I think this is a factor. For sure. The US has relied both on kind of foreign funding of its debt, but also the Federal Reserve is a marginal buyer of debt for this ten year period of low and dropping interest rates, and that's now shifting fundamentally where foreign strategies around US debt are going to start affecting the interest rate outlook, and it's not going to be such a sure thing that the US can continue to fund these these massive deficits. However, all evidence so far suggests that when there's a flight to safety, US treasuries are still the place to be. The US has the reserve currency, and despite all the issues that we've seen this year, people still think that the US is a pretty safe bet that's got a deep and rich pool of taxable assets that you can get at in an emergency if you need it to. The big question is not whether or not the US can repay or has the money to repay, is if there's the political will to keep this going and what it looks like in a crisis where you might need to see an instant increase in taxes or something. John, just looking ahead to Wednesday, we are going to get that meeting between Jijon paying and President Biden. What are you looking for? You know, I think this is a very low bar to get over. The big celebration is the fact that they're meeting at all. I think a key question is if they resume the military to military communications that were cut off after the Pelosi visit. This would help de risk some of the challenges that you're seeing in the South China. See where China's you know, the China argues the US has been aggressively going approaching on their territory the Philippines as well, and they've been sending these warning signs to the US that they are telling them to back off. Resuming the military to military communications is a step that trying to help de escalate those tensions. That's probably the most we can hope for. I'm really curious to see what hu Jinping says in his speech to the American people, and I'm also watching what is his message going to be to US corporate executives who are very worried about a sudden stop and their ability to do business in China. What messages he give them to reassure them that China is still a safe place for them to do business. I think those three things will be the most interesting to watch coming out of this week. That last point is just absolutely huge and a big one for us or wait, John, Thank you, John Lebade. If you write your group, subscribe to the Bloomberg Surveillance podcast on Apple, Spotify and anywhere else you get your podcasts. Listen live every weekday starting at seven am Eastern. I'm Bloomberg dot Com, the iHeartRadio app, tune In, and the Bloomberg Business app. You can watch us live on Bloomberg Television and always I'm the Bloomberg Terminal. Thanks for listening. I'm Tom Keen, and this is BloomberSee omnystudio.com/listener for privacy information.
Curious about how US credit being put on negative watch by Moody's might impact your investment strategy? Get ready to sit on the edge of your seat as we dissect the implications of this, along with an in-depth analysis of rising interest rates and their effect on financial assets in this episode. Brace yourself as we take you on a rollercoaster ride through the economic data of the week, the US government shutdown and its potential fallout, introducing you to the new House Speaker. In addition, we're offering you valuable insights from James Clear, author of Atomic Habits, on how to stay on course with your financial goals amidst all this chaos. Let's ignite your intrigue further with a discussion on the benefits of the weight loss drug Wigovie and the phenomenal performance of the Marvel Cinematic Universe. Nervous about the market opening lower? We've got you covered. We will analyze S&P futures indicating a lower market opening, and decode Boeing's stock performance in the aftermath of new orders at the Dubai Air Show. You'll also hear about Senator Tim Scott's decision to end his presidential campaign and David Cameron's appointment as the UK Foreign Secretary. As we approach year-end, we'll help you navigate the green energy transition and the financial preparations necessary for a smooth transition. Buckle up and join us for this thrilling financial journey!** For informational and educational purposes only, not intended as investment advice. Views and opinions are subject to change without notice. For full disclosures, ADVs, and CRS Forms, please visit https://heroldlantern.com/disclosure **To learn about becoming a Herold & Lantern Investments valued client, please visit https://heroldlantern.com/wealth-advisory-contact-formFollow and Like Us on Youtube, Facebook, Twitter, and LinkedIn | @HeroldLantern
US equity markets mixed ahead of the latest consumer price index (CPI) report tonight AEST - Dow added +55-points or +0.16% 34,337.87, its highest close since 20 September. Boeing Co gained +4.01% following a Bloomberg report that the Chinese government was considering lifting a commercial freeze for the plane maker's 737 MAX jet later this week when President Joe Biden and China's President Xi Jinping meet during the APEC Summit in San Francisco. Also boosting the stock was an announcement from Emirates at the Dubai Airshow that it would buy US$52B of Boeing aircraft, while SunExpress, a joint venture of Turkish Airlines and Lufthansa, announced it would buy 90 737 MAX jets.
US equity markets mixed ahead of the latest consumer price index (CPI) report tonight AEST - Dow added +55-points or +0.16% 34,337.87, its highest close since 20 September. Boeing Co gained +4.01% following a Bloomberg report that the Chinese government was considering lifting a commercial freeze for the plane maker's 737 MAX jet later this week when President Joe Biden and China's President Xi Jinping meet during the APEC Summit in San Francisco. Also boosting the stock was an announcement from Emirates at the Dubai Airshow that it would buy US$52B of Boeing aircraft, while SunExpress, a joint venture of Turkish Airlines and Lufthansa, announced it would buy 90 737 MAX jets.
With the Dubai Air Show currently on in Dubai, Kitch and Neeil spoke to James Koens from Real Response, about the challenges in training aviation staff to prepare for emergency situations. https://www.realresponse.com.au/.Instagram: KitchInstagram: NeeilInstagram: Producer PranavInstagram: TALK 100.3www.talk1003.ae/. Hosted on Acast. See acast.com/privacy for more information.
On this week's Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, Sash Tusa of the independent equity research firm Agency Partners, and Richard Aboulafia of the AeroDynamic Advisory consultancy, join Defense & Aerospace Report Editor Vago Muradian to discuss the week on world markets as US firms including RTX and Spirit AeroSystems raise funds, as the US government faces another shutdown threat; third quarter earnings from Airbus, Chemring, Hensoldt, Leonardo, Rheinmetall, TransDigm; Airbus' relationship with Spirit AeroSystems; pre-reports; Federal Aviation Administration recommends grounding business jets powered by Pratt & Whitney engines that may contain components made of potentially contaminated powdered metal; GE Aerospace pays nearly $10 million to settle accusation it furnished the Army and Navy with parts that were improperly inspected or not to specification; Boeing subjected to apparent ransomeware attack that leads to disclosure of propriety data; and storyline expectations from the Dubai Airshow.
Join Jo and Tom for the best aviation news podcast on the planet as we dive into some of the most entertaining, surprising and enlightning stories from the world of aircraft and airlines this week. In episode 195, we discuss: What really caused the A321neo window blowout? TUI retires the UK's last 767s EVA Air makes a big old Airbus order JetBlue's Amsterdam slot loss turns into a political hot pot Dubai Airshow, naturally
Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. 1) We preview this week's upcoming CPI and PPI data 2) The Dubai Airshow kicks off this week - a major event for airlines and plane makers 3) President Biden prepares to meet China's President Xi in San Francisco this week 4) A Government shutdown looms - Speaker Johnson in focus. See omnystudio.com/listener for privacy information.
On Nov. 2nd, the Department of Defense (DoD) published its 2023 Data, Analytics, and Artificial Intelligence Adoption Strategy, outlining how the agency will acquire and deploy AI-enabled systems in the future. David Mazar, Vice President of Strategy and Growth, Spark Cognition Government Systems is the guest on this episode of Here's an Idea. Ahead of his participation as a panelist and speaker at the 2023 Dubai Air Show, he explains how his company's AI-enabled digital maintenance tool is changing the way military aircraft are serviced. Mazar also provides some thoughts on how the new DoD AI strategy will help accelerate the deployment of AI-enabled aerospace and defense systems in the future.
Catch up with the latest news and insights from the aviation sector, a touch of bro-science, hearty motivation and some horrendous financial advice. Quite possibly a waste of your valuable time. Listen at your own peril.
Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.1) We preview this week's upcoming CPI and PPI data2) The Dubai Airshow kicks off this week - a major event for airlines and plane makers3) President Biden prepares to meet China's President Xi in San Francisco this week4) A Government shutdown looms - Speaker Johnson in focus. See omnystudio.com/listener for privacy information.
Welcome to Bryan Air, the podcast where we discuss the latest news and insights from the aviation industry. In this episode, we cover the following topics:
Next Trip was the #1 aviation podcast in Dubai this week so who better to have on this episode than the #1 avgeek in Dubai? Return guest, Roxi or @roxavgeek on Instagram and Twitter, is a flight attendant for a Dubai based carrier and also has a large following as an aviation influencer. Traffic is up 215% in the Middle East and we ask Roxi if it seems like the area is beyond COVID. She also recaps the Dubai Airshow for us since she was attending the event when we taped before. Also on this episode:Doug starts his 777 flight simulator trainingDrew gets audited by an express carrierDenver over Dubai - US airports were 8 of 10 of the busiest last yearWe're airline employees - what are we thinking when we fly other airlines?We end the show with your questions for Roxi on aircraft and aviation. Did you stump her? You gotta listen!Join the conversation!https://www.nexttripnetwork.com/https://www.roxavgeek.com
Interview with Manuela Barbarossa, Head of VIP/Corporate Segment, Marketing at LeonardoMain Content:(01:05-04:15): Why did you decide to bring back the Agusta brand?(04:16-05:40): Will only some helicopters come under the Agusta brand?(05:42-08:40): What are your views of the current market?(08:41-10:13): Are you seeing much interest from first-time buyers?(10:14-11:42): Can you tell me more about Casa Agusta that you presented during the Dubai Air Show?(11:43-12:48): Is infrastructure an area that Leonardo could expand into?(12:49-15:17): Why did you choose to unveil everything at the same time?(15:18-16:54): Is there a target entry into service date for the AW609?(16:55-19:30): Where do you think the biggest markets for the AW609 will be?
A segunda temporada já decolou. Nesse voo, o Comandante Lito recebe um copiloto que sofre em viagens de avião, por conta do seu tamanho. Rafinha Bastos é um dos pioneiros do stand-up no Brasil. Formado em jornalismo, foi apresentador de TV, mas se consagrou no Youtube - e no Twitter. Ainda assim, essa cabine não está apenas leve. Também está bem filosófica, com reflexões sobre paternidade, fracassos na carreira e até sobre um conceito difícil de explicar aos jovens: a saudade. Com sua conhecida didática, Lito apresenta ao Rafinha o universo do Flight Simulator e dos aficionados por aviação. Na rota das notícias, um voo até os stands da Embraer e da Boeing, no Dubai Airshow, com sobrevoo no preço da Querosene de Aviação e na batalha de frequências do 5G.
Bem-vindos a bordo da 2ª temporada! Nesse episódio, a poltrona à direita do Comandante Lito é ocupada pelo humorista Rogério Vilela. Preparem-se para uma conversa de cabine nostálgica, já que piloto e copiloto são da mesma geração. Isso quer dizer que eles assistiram aos mesmos desenhos, ouviram as mesmas músicas e continuam reclamando de cada nova rede social que irá surgir. Acompanhe um voo divertido pelos primórdios da internet, competição de quebra-cabeça, avaianas de pau no aeroporto e até dicas para ser um podcaster de sucesso. Na rota das notícias, um voo até o Dubai Airshow, com escala na GE Aviation e no imbróglio da Latam. Por fim, nossa homenagem à cantora Marília Mendonça, explicando como será o trabalho de investigação do CENIPA.