Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it.

I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and

I'm going to explore the lessons we can learn when creativity and ambition collide

with competition and power.

Listen to Crash Course every Tuesday on the IHeartRadio app, Apple Podcasts,

or wherever you get your podcasts.

This is Bloomberg surveillance. You can't take fiscal policy out of the political process. It is the political process and essentially it's gridlocked in most countries.

The massive flows out of active and into passive

have, I think, created more irrational pricing

at the stock level than we've seen in some time.

This is the end of the oil age in the 21st century.

So the 20th century is the age of oil. The 21st will be the age of electricity.

Bloomberg surveillance, your link to the world of economics, finance and investment on Bloomberg Radio.

In this hour, the state of Major League... and investment on Bloomberg radio.

In this hour, the state of Major League Baseball,

we start with the Boston Red Sox.

Sam Kennedy joining us.

Good morning, Bloomberg, 1200,

Boston and all across this nation.

Sam Kennedy with his decades in baseball

will join us here in a moment.

Also, the state of Valiant, Bill Ackman

...