Surveillance: SoftBank's WeWork Rescue With Galloway
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 23 October 2019
⏱️ 35 minutes
🧾️ Download transcript
Summary
Gideon Rose, Foreign Affairs Editor, says Trump would like to unwind U.S. commitments in the Middle East. Catherine Barnard, The U.K. in a Changing Europe Senior Fellow, says, "the ball is currently in the EU's court" after Boris Johnson begrudgingly has asked for an extension on Brexit. Wei Li, BlackRock Head of iShares EMEA Investment Strategy, says the low rate environment is contagious. Scott Galloway, NYU Stern Professor, thinks that Softbank's $9.5B WeWork rescue will go down as the costliest exercise in saving face in the history of the private markets. And Michael Nathanson, Moffettnathanson Senior Research Analyst, says we are heading towards a "race to the bottom" in a pivotal time for the media industry.
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Transcript
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| 0:00.0 | The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. |
| 0:05.7 | However, we can create spaces where people can freely kick the tires of their preconceived notions. |
| 0:11.2 | I'm Tim O'Brien, and I'm the senior executive editor at |
| 0:13.8 | Bloomberg Opinion. On our platform we ask tough questions and solve complex |
| 0:18.1 | problems with the facts in mind. Because context changes how you see things and |
| 0:22.4 | how you change things. |
| 0:23.6 | Context changes everything. |
| 0:25.6 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.6 | Daily, we bring you insight from the best in economics, finance, investment, and international |
| 0:48.9 | relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, |
| 0:56.2 | on the Bloomberg. |
| 0:58.7 | We're going to digress now to one of our monthly joys, which is Foreign Affairs magazine. I don't know how Gideon Rose does it |
| 1:04.7 | Johnny gets out front of the zeitgeist with Trump's Middle East this month it is a |
| 1:09.2 | spectacular essay and John what is so trenching here is a few years back Mr Rose wrote an essay |
| 1:16.7 | Why We Always Fight the Last Battle a series of essays. There's the news And there's the news flow of the last few days including Mr. Putin and Mr. Erdogan shaking hands, |
| 1:30.0 | not over an Olympic medal in Sochi. |
| 1:32.0 | So Gideon, let's talk about it. If there's one takeaway from this |
| 1:35.2 | addition, what would that be? Well, that the Middle East is going back into its historical mode of a local region in which the local power powers play a great game |
| 1:47.6 | of jockeying among each other with occasional outsiders coming in to back them with the US essentially signaling first with |
| 1:55.4 | Obama and then with Trump that it was going to pull out what we're actually seeing |
| 2:00.0 | is the local powers adjusting to a Middle East without the United States playing a major role. |
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