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Bloomberg Surveillance

Surveillance: MTA In Desperate Need, CEO Says

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.81.2K Ratings

🗓️ 27 July 2020

⏱️ 38 minutes

🧾️ Download transcript

Summary

Surveillance: MTA In Desperate Need, CEO Says

Transcript

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0:00.0

With Bloomberg you get the story behind the story, the story behind the global birth rate,

0:04.7

behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context.

0:10.8

And context changes everything. Go to Bloomberg.com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

0:28.0

Daily, we bring you insight from the best in economics finance investment and international relations

0:34.4

find Bloomberg surveillance on Apple Podcasts soundcloud Bloomberg

0:39.1

dot com and of course on the Bloomberg now off of what we heard from Senator McConnell

0:44.4

in the mystery of what we'll see today from Disarray

0:47.6

and the Republican Party is the reality of what it means

0:50.8

for the funding of our transportation. That can be DFW in Dallas. That can be the airlines

0:56.1

out west of the railroads, coast to coast, Amtrak even. Or it can be the MTA. The chairman and

1:02.2

CEO is Ex-scadon-Arps, Pat Foy joins us right now.

1:06.5

Pat, you're listening to the dialogue in Washington.

1:10.0

On the FOIA desperation meter, how badly do you need federal help after the rider's shortfall you're seeing?

1:20.0

On the desperation index, we're facing a fiscal tsunami a once in a hundred year fiscal tsunami

1:26.5

which has left our infrastructure intact but demolished 40% of our revenues

1:32.1

We exhausted we exhausted on Friday demolish 40% of our revenues.

1:32.5

We exhausted on Friday the last of the CARS dollars

1:36.6

that we got several months ago.

1:39.4

That was about 3.9 billion dollars in funding.

1:42.3

We need an additional 3.9, and these are shocking numbers to get us through the remainder of the year.

1:49.2

Our revenue sources are, come from our customers,

1:52.8

affairs and tolls.

...

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