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Assad’s Fall, Hershey Takeover · Bloomberg Intelligence

• 0:02
  Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
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  Speaker 2: You're listening to the Bloomberg Intelligence Podcast. Catch us live
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  Speaker 2: wherever you get your podcasts, or watch us live on YouTube.
• 0:23
  Speaker 3: Let's get back to the geopoliticis coming out of the
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  Speaker 3: Middle East. The Syrian president Bashar Assad is now in
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  Speaker 3: Moscow after rebel forces took control of Damascus over the weekend,
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  Speaker 3: ending nearly a century of his family's rule. His toppling
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  Speaker 3: is sending shockwaves throughout the Middle East and will be
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  Speaker 3: a major blow to Russia in Iran, President Joe Biden
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  Speaker 3: hailed Usad's fall in an address to the nation on Sunday,
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  Speaker 3: and take a listen.
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  Speaker 4: It's a moment of historic opportunity the long suffering people
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  Speaker 4: of Syria to build a better future for the proud country.
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  Speaker 4: It's also a moment of risk and uncertainty as we
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  Speaker 4: all turn into question of what comes next.
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  Speaker 3: All right, that was President Biden with some comments Sunday
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  Speaker 3: regarding what's happening in Syria. Let's get some more analysis
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  Speaker 3: on this unfolding situation. Aaron David Miller, Senior Fellow at
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  Speaker 3: the Carnegie Dowmon for International Peace, joins us from Washington,
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  Speaker 3: DC via zoom. Aaron, thanks so much for joining us here.
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  Speaker 3: Do we have any idea who's in charge over.
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  Speaker 1: There in Sirius in Syria?
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  Speaker 5: Well, right now, it's thanks for having me. Right now,
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  Speaker 5: it's Ahmadshara. Who's nam Da gary Ka, also known as
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  Speaker 5: Abu Muhammadani al Jiulani, born in Saudi parents were originally
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  Speaker 5: from the Golan Heights, which is why he took the
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  Speaker 5: name Algulani. Formerly associated with both the Islamic STATEA and
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  Speaker 5: Ol Kaida, He's evolved over the last five or six years,
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  Speaker 5: running the province of Ibleb relatively inclusively, reaching out to
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  Speaker 5: Kurds and to the Druis. You know, it's hard to know.
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  Speaker 5: Rebelling is hard, Governing is frankly a lot harder. And
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  Speaker 5: the track record here for overthrowing Arab authoritarians is not
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  Speaker 5: terribly uplifting. Egypt, the Bark's gone, a more repressive authoritarian
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  Speaker 5: military government replaced him. Tunisia ben Ali aspiring democracy and
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  Speaker 5: now an authoritarian government. Saddam Hussein Iraq's pretty dysfunctional. A
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  Speaker 5: lot of disappointments there. Yemen Abdala salav overthrown. The Huthis
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  Speaker 5: are in charge of much of the country. Siria may
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  Speaker 5: have a better chance. Headlines appear to be pretty good,
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  Speaker 5: not a lot of repression and retribution. Yet Glani's thinking
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  Speaker 5: as singing a pretty moderate tune invited the international press
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  Speaker 5: in sending signals to the Alowi community in Latakia that
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  Speaker 5: not interested in retribution. I guess, guys, the question will
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  Speaker 5: be power sharing. It'll be power sharing, and it'll be
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  Speaker 5: whether or not the Islamic principles and strictures of these
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  Speaker 5: Asunni political Islamics can be reconciled a with the largely
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  Speaker 5: traditional secular Syrian elite, and whether or not, you know
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  Speaker 5: you can govern. Syria is broke, heavily indebted to the iraniance.
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  Speaker 5: Oil industry is muddled to two and a half billion
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  Speaker 5: barrels a day. It pales before the larger producers, so
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  Speaker 5: it's going to be a real heavy lift.
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  Speaker 6: Syria borders what Israel, Lebanon, Jordan, Iraq and also Turkey.
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  Speaker 6: Does the response by one dictate the response overall by
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  Speaker 6: the others?
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  Speaker 5: Well, you know, it's been the playground for external intervention
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  Speaker 5: since the beginning of the Civil War. The Turks have
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  Speaker 5: had a huge role to play, as you pointed out,
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  Speaker 5: Iran Isabella, and of course Russia doesn't share contiguous borders,
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  Speaker 5: but was the key broker and savior redeemer of the
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  Speaker 5: outside regime when it was challenged in twenty fifteen. I
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  Speaker 5: think that the prospects for external intervention is still there,
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  Speaker 5: and by the way, the Israelis need to be definitely
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  Speaker 5: put into the mix. Prospects or external invention are there,
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  Speaker 5: but the real troublemakers the Iranians, I would argue the
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  Speaker 5: Russians Isabella. They've been set back. There's more agency now
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  Speaker 5: for Syrians to function and focus on Syria than at
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  Speaker 5: any time in the last decade or so. The Turks
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  Speaker 5: are now the big boys on the proverbial block, and
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  Speaker 5: their motives are mixed here, but they will be the
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  Speaker 5: great power, the regional power to watch.
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  Speaker 3: All right, eron, Thank you so much for joining us,
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  Speaker 3: Aaron David Miller, he's a senior fellow at the Carnegian
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  Speaker 3: Dowmond for International piece joining us from Washington, DC. And
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  Speaker 3: you know, one of the questions I have ongoing will
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  Speaker 3: be what role with any will the US play and
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  Speaker 3: how this thing develops, and we.
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  Speaker 6: Did mention we will for the flow of refugees, which
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  Speaker 6: from Syria has kind of shaped the political landscape.
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  Speaker 3: Of Europe yep. And I'm just kind of seeing some
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  Speaker 3: of the reporting today. You know, two and a half
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  Speaker 3: million of refugees have gone to Turkey and some three
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  Speaker 3: million to your point, John, So again a fluid situation
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  Speaker 3: over there.
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  Speaker 1: Will keep up with the reporting.
• 5:42
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  Speaker 3: Let's refocus on what is happening on the geopolitical front,
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  Speaker 3: because clearly front and center for many investors, particularly what's
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  Speaker 3: happening in Syria over the last several days. Kirsten Fontin
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  Speaker 3: Rose joins US. She's a president of Red six Internationals.
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  Speaker 3: She's also a Senior Fellow at the Atlanta Council and
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  Speaker 3: was a senior director for the Middle East and the
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  Speaker 3: last US administration. Kirsten, what's happening in the Middle East
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  Speaker 3: and why is that happening now?
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  Speaker 7: It's an interesting confluence of potentially unrelated events in the
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  Speaker 7: Middle East that is all leading to things like Iranian
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  Speaker 7: foreign policy imploding Russia's model of taking fringe groups from
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  Speaker 7: zero to hero, imploding Israel's ability to potentially uproot the
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  Speaker 7: threats it faces from several fronts increasing So we're Turkey's
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  Speaker 7: diplomatic efforts that looked a little precarious beginning to pay off.
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  Speaker 7: So there are a whole lot of effects coming out
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  Speaker 7: of these potential unrelated events. In terms of things like
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  Speaker 7: Iran's implosion. They've spent years arming other militaries and militias
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  Speaker 7: to antagonize their adversaries, and now each of these is
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  Speaker 7: being decapitated except for the Houthis in Yemen, and so
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  Speaker 7: Iran is going to be forced to update its foreign policy,
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  Speaker 7: and we should be watching them for the choices they make.
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  Speaker 7: For instance, will it double down on its militia model
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  Speaker 7: and press its malicious in Iraq to stage work frequent attacks,
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  Speaker 7: or is it going to build up the hooth these
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  Speaker 7: capabilities in Yemen to interrupt shipping in the Red Sea,
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  Speaker 7: perhaps even beyond the Red Sea to waters farther.
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  Speaker 8: Northwest or south. Or is it going to.
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  Speaker 7: Offer more support to groups like the Polisario in the
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  Speaker 7: North Africa that it is supported before, or will it
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  Speaker 7: completely flip flip the text on this and rush to
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  Speaker 7: complete its fighter jet purses from Russia out of fear
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  Speaker 7: that Israel may choose to hit them while they're down,
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  Speaker 7: which is a realistic fear.
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  Speaker 8: Again, we could see that it might.
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  Speaker 7: Even be easier for Iran and the U to reach
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  Speaker 7: a nuclear agreement now since one of the key sticking
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  Speaker 7: points was the activity of Iran's militias that are now crippled.
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  Speaker 7: So what'll we be watching to see how Iran plays this.
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  Speaker 7: All we know so far is that it is confirmed
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  Speaker 7: through foreign ministry statements that the supply route with which
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  Speaker 7: it supplies weapons to Hibaala through Syria has been severed.
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  Speaker 8: So this is to Israel's.
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  Speaker 7: Advantage, and the Syrian foreign minister was part I'm sorry.
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  Speaker 7: The Iranian foreign minister was part of a meeting in
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  Speaker 7: Doha last Saturday in which several Arab foreign ministers joined him,
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  Speaker 7: and they issued a joint statement calling for a ceasefire
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  Speaker 7: and for a political solution in Iran. So it's interesting
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  Speaker 7: to watch Iran now try to be part of a
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  Speaker 7: solution instead of remaining part of the problem for all
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  Speaker 7: the Syrians who are celebrating in the streets.
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  Speaker 6: Was the murderous Assad regime ever a stabilizing factor in
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  Speaker 6: that part of the world, And how do we gauge
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  Speaker 6: whether or not the country has gone from the frying
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  Speaker 6: pan into the fire.
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  Speaker 7: To a certain extent, You're right, the Asad regime was
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  Speaker 7: stabilizing only in the sense that it was predictable, and
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  Speaker 7: many of the countries, including Golf States and Israel, at
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  Speaker 7: some points, thought it was better to deal with the
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  Speaker 7: devil they knew than deal with an unknown devil who
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  Speaker 7: would potentially be an Islamist Jihada state as we may
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  Speaker 7: be looking at now. So that fear led many of
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  Speaker 7: them to think, if we can keep him in place,
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  Speaker 7: we at least know what his redlines are, what his
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  Speaker 7: capabilities are, and we don't see him making active moves
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  Speaker 7: against any of us. He is simply enabling things that
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  Speaker 7: threaten us, like housing Husbalah if you're Israel, or like
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  Speaker 7: enabling the Captigone trade if you're the Golf or.
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  Speaker 3: Jordan so Kirson, what role do you believe the US
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  Speaker 3: should play, will play, if any, in Syria?
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  Speaker 7: Well, right now we're watching the US administration really engage
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  Speaker 7: in some diplomacy, trying to understand who the players are
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  Speaker 7: and wanting to stay stay involved and up to date,
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  Speaker 7: really urging for ceasefires, urging for things like humanitarian assistance
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  Speaker 7: to continue to Syria.
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  Speaker 8: The Donald Trump team has made it clear that they
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  Speaker 8: don't do not think there's a.
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  Speaker 7: US interest involved in getting engaged in this conflict right now,
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  Speaker 7: They want to watch it play out. They are making
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  Speaker 7: statements about Israel's right to definitely defend itself during all
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  Speaker 7: of this against whatever may come, and they are making
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  Speaker 7: statements about how this disavows Russia's promises to the region
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  Speaker 7: that it is a strong security partner.
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  Speaker 8: So you are seeing them way in on how they're
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  Speaker 8: reading the.
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  Speaker 7: Tea leaves, but not making any promises on a role
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  Speaker 7: the US would play.
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  Speaker 6: Does Israel use this now as the opportunity to address
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  Speaker 6: all their security concerns as it related to the north
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  Speaker 6: of the border.
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  Speaker 8: That is the big question, It sure could.
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  Speaker 7: The question that everyone is holding their breath on is
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  Speaker 7: what will Israel do. We are already watching them this
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  Speaker 7: week strike chemical weapons sites and stores of long range
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  Speaker 7: missiles inside Syria to prevent either Iran back militias, Russia
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  Speaker 7: or frankly unknown factions of HTS from taking possession of those.
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  Speaker 7: And it's striking air defense radars, anti aircraft batteries, and
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  Speaker 7: military aircraft on the ground in Syria as well to
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  Speaker 7: ensure that the Israel can continue its operations to erase
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  Speaker 7: weapons stockpiles that could threaten Israel in the future if
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  Speaker 7: it did fall into these hands. And note also that
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  Speaker 7: this would give them a clear path to fly over
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  Speaker 7: Syrian airspace en route to Iran if desired. But we
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  Speaker 7: could also see Israel choose a path where they work
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  Speaker 7: with a new government in Syria to potentially establish peace
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  Speaker 7: along their shared border. In fact, they may have already
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  Speaker 7: made an overture to President Asad in Syria just before
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  Speaker 7: his ouster, offering to encourage the US to throttle back
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  Speaker 7: sanctions against him in exchange for him helping to halt
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  Speaker 7: the flow of weapons from Iran to Hsbala through Syria.
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  Speaker 7: And there's a hinge ready of the possibility that Israel
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  Speaker 7: could also now reach out to HTS or the developing
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  Speaker 7: transitional government inside Syria and in that the indication is
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  Speaker 7: that HTS has deconflicted its operations near the Israeli border
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  Speaker 7: in areas like Kunetra with the Israelis. So could this
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  Speaker 7: paveaway for that border to quiet down and for peace there.
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  Speaker 8: To be cemented.
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  Speaker 7: Israel is logically concerned about Syria falling into the hands
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  Speaker 7: of Islamist extremists and would not feel any peace was
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  Speaker 7: secure as long as that ideology ruled Syria.
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  Speaker 8: But peace on that border in the near to midterm.
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  Speaker 7: Would definitely allow them to focus on things they need
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  Speaker 7: to finish with Hamas and Husball up.
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  Speaker 3: Hey, Kirsten, just about thirty seconds left. How big of
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  Speaker 3: a blow is the fall of this Assad regime to
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  Speaker 3: President Putin and Russia?
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  Speaker 7: So the blow is that the Russian model is to
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  Speaker 7: support unpopular dictators across the globe to gain access and
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  Speaker 7: concessions to valuable resources in their countries. Syria was an example,
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  Speaker 7: so or Niger, Mali, Burkina, Fosso, Central African Republic, and
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  Speaker 7: Russia has relied on its air base in Syria to
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  Speaker 7: fly people in and extracted gold.
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  Speaker 8: And other minerals out.
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  Speaker 7: So it's been more than even just the relationship with Syria,
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  Speaker 7: and it's access to that naval base in Tartuose that
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  Speaker 7: puts it so close to NATO and on the med
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  Speaker 7: But now their operations in Africa and other places are
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  Speaker 7: curtailed because of their reliance on that air base in Syria.
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  Speaker 8: So to what extent in the long term this.
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  Speaker 7: Will be curtailed depends on the relationship it develops and
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  Speaker 7: the deal it strikes for use of the airbase by
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  Speaker 7: whatever government is stood up in Syria. We also now
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  Speaker 7: see Turkey saying it will not allow Russian vessels to
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  Speaker 7: pass through the dark kneills until.
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  Speaker 8: Russia makes peace with Ukraine.
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  Speaker 7: So the fall in Syria is also impacting Russia's ability
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  Speaker 7: to wage war in Ukraine.
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  Speaker 3: All right, Kirsten, thank you so much for joining us.
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  Speaker 3: Kirsten fontin Rose, President of Red six International, again the
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  Speaker 3: latest on a continuing developing story in Syria and in
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  Speaker 3: the Greater Middle East. I guess the one constant is turmoil.
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  Speaker 3: It seems uncertainty change in that part of the world,
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  Speaker 3: and we'll keep an eye on that.
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  Speaker 3: I'm Paul swinging your live here in our Bloomberg Interactive
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  Speaker 3: Brokers studio. We're streaming live on YouTube as well as
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  Speaker 3: ahead over YouTube dot Com search Bloomberg Podcast and that's
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  Speaker 3: where you'll find this. Let's start off with a little
• 14:33
  Speaker 3: m and a nice busy Monday. I like that Mandalize
• 14:37
  Speaker 3: said Tamola takeover us chocolate maker Hershey, this is gonna
• 14:41
  Speaker 3: be a big deal.
• 14:41
  Speaker 1: I mean Hers, She's got a market cap.
• 14:43
  Speaker 3: Have like forty billion, another ten billion of debt, so
• 14:45
  Speaker 3: fifty billion of market for enterprise value. Jen Bartasha, she
• 14:48
  Speaker 3: covers as part of the world for Bloomberg Intelligence on
• 14:51
  Speaker 3: the retail side. Hey Jen, why is Mandalize considering this
• 14:55
  Speaker 3: deal for Hershey?
• 14:57
  Speaker 1: Hi, Paul.
• 14:58
  Speaker 9: So really, when we look at the deal, it's about
• 15:00
  Speaker 9: how are they going to prop up sales? How are
• 15:02
  Speaker 9: they going to continue to grow share? And they've been
• 15:05
  Speaker 9: very open that tacking on to their portfolio is one
• 15:08
  Speaker 9: of the methods that they do in order to really
• 15:12
  Speaker 9: continue to grow as a company. But this is a
• 15:15
  Speaker 9: big deal and so it would have to be really
• 15:20
  Speaker 9: it's really considered a transformational deal at this size.
• 15:23
  Speaker 6: Can you explain to everybody this mysterious entity known as
• 15:26
  Speaker 6: the Hershey Trust and how they can have to cooperate
• 15:30
  Speaker 6: in this?
• 15:31
  Speaker 9: Absolutely? So, Hershey is you know, has a long history,
• 15:36
  Speaker 9: and you know about eighty percent of their shares they
• 15:41
  Speaker 9: have a dual clust share structure, and about eighty percent
• 15:45
  Speaker 9: of voting shares are held by the Hershey Trust, which
• 15:48
  Speaker 9: means that they have to approve any kind of deal.
• 15:51
  Speaker 9: And this is really just because Hershey as a company
• 15:55
  Speaker 9: is that Hershey Trust uses money from Hershey in order
• 15:59
  Speaker 9: to support charities, right, and so the approval of the
• 16:03
  Speaker 9: trust is required. But in addition to that, Pennsylvania law
• 16:07
  Speaker 9: also requires that the Office of the Attorney General be
• 16:10
  Speaker 9: provided with notice of a deal, and that office has
• 16:13
  Speaker 9: the ability to stop a transaction if they think that
• 16:16
  Speaker 9: the fiduciary obligations of the trust will not be met.
• 16:19
  Speaker 9: So there are a lot of steps structurally in place
• 16:24
  Speaker 9: that could make such a takeover of Hershey really difficult.
• 16:28
  Speaker 3: All right, what does our anti trust analyst, Jennifer Ree,
• 16:31
  Speaker 3: what does she say about this deal with the DOJ,
• 16:33
  Speaker 3: the FTC and all the regulars DC, will they allow
• 16:35
  Speaker 3: this deal to go through?
• 16:36
  Speaker 9: Well, that's the other that's the next stumbling block. You know,
• 16:39
  Speaker 9: the FTC has been really reticent with regards to big deals,
• 16:45
  Speaker 9: especially in the last two years. When you look at
• 16:48
  Speaker 9: market share, which is really one of the things that
• 16:50
  Speaker 9: their decision would hinge off of. Hershey has has over
• 16:54
  Speaker 9: thirty seven percent of the US market share and Chocolate
• 16:58
  Speaker 9: Mandal's has just under two percent, So again you're not
• 17:02
  Speaker 9: combining two huge market shares, but together it would it
• 17:06
  Speaker 9: would continue to be the largest market share in the
• 17:09
  Speaker 9: United States, and that is higher than what Mars has
• 17:12
  Speaker 9: as well.
• 17:12
  Speaker 6: They trying to do this before Ray they did.
• 17:15
  Speaker 9: They tried this in twenty sixteen, and back in twenty sixteen,
• 17:19
  Speaker 9: the enterprise value of Her She was only twenty five billion.
• 17:22
  Speaker 9: Today it's, as Paul said at the opening, you know,
• 17:25
  Speaker 9: closer to fifty billion. So you know it's they walked
• 17:29
  Speaker 9: away last time because they weren't able to get all
• 17:32
  Speaker 9: of the approvals in place, and the cost wasn't they
• 17:36
  Speaker 9: weren't able to offer the premium that her She was
• 17:38
  Speaker 9: looking for. So there are a lot of questions of
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  Speaker 9: whether this deal would actually go through and if an
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  Speaker 9: offer could be made that would be tempting enough for Hershey.
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  Speaker 3: All right, Jen, thanks so much for joining us at
• 17:49
  Speaker 3: Jen Bartasha. She covers all the retail stuff for Bloomberg Intelligence.
• 17:52
  Speaker 3: Give's some thoughts on this deal, Mondo Liz taking a
• 17:55
  Speaker 3: look at Hershe system.
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  Speaker 6: I'm thinking chocolate covered maccheese.
• 17:58
  Speaker 1: Sure, why not? That could be a new thing. You
• 18:00
  Speaker 1: got a product extension, you know.
• 18:03
  Speaker 3: I pitched the Hershey Trust a billion times a sell
• 18:05
  Speaker 3: and it got nowhere.
• 18:07
  Speaker 1: So I'll be intering to see who and you had
• 18:08
  Speaker 1: it in finally get Yeah, who finally gets paid.
• 18:10
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• 18:30
  Speaker 1: More newsflow Here today, we're going to stay on top
• 18:32
  Speaker 1: of it.
• 18:33
  Speaker 3: A marine veteran who used a chokehold on an agitated
• 18:36
  Speaker 3: subway rider was acquitted Monday in a death that became
• 18:40
  Speaker 3: a prison for differing views about public safety, valor, and vigilanteism.
• 18:44
  Speaker 1: Let's break it down.
• 18:45
  Speaker 3: We have Miles Miller joining us here, a Bloomberg's managing
• 18:48
  Speaker 3: editor here in our studio.
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  Speaker 1: Miles, what's going on here? Give us a background of
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  Speaker 1: the story.
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  Speaker 10: Yeah, so this goes back to May one, twenty twenty three.
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  Speaker 10: Jordan Neely and Michael Jackson, impersonator is on a train
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  Speaker 10: and he's begging for money. And it starts out with
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  Speaker 10: just begging for money and then it turns into something
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  Speaker 10: which Daniel Penny, a former marine, found threatening. He decided
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  Speaker 10: to a place nearly in a chokehold to restrain him
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  Speaker 10: and it wound up taking his life. Now, you know,
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  Speaker 10: in covering, you know what happened after that. He you know,
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  Speaker 10: obviously there was a video of it and all of that.
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  Speaker 10: He didn't initially get charged. He then was charged days
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  Speaker 10: later after protests. And when he was charged, he was
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  Speaker 10: charged with initially manslaughter and criminally negligent homicide. Now manslaughter
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  Speaker 10: and criminally negligent homicide. So what happened on Friday is
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  Speaker 10: that the jury told the judge that they were hopelessly
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  Speaker 10: deadlocked and could not come to an agreement on that
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  Speaker 10: tougher charge being guilty of manslaughter.
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  Speaker 6: And boy did this touch of nerve. I mean, just
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  Speaker 6: walking in midtown yesterday, the number of free Penny stickers
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  Speaker 6: on lampposts elsewhere. Being in the subway confronted by someone
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  Speaker 6: who may be mentally unstable, the threat there as a
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  Speaker 6: subway rider, as an individual, it just enhanced by that atmosphere.
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  Speaker 10: Yeah, and the jurors ultimately decided today that his actions
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  Speaker 10: weren't criminal when he held Jordan Neely in that choke
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  Speaker 10: hold to prevent what he thought would be danger to
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  Speaker 10: other people in that car. The jurors came to that
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  Speaker 10: decision this morning. He was acquitted, and there were cheers
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  Speaker 10: outside of the court. There are people there in support
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  Speaker 10: and in protest to him. In fact, Jordan Neely's father
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  Speaker 10: was inside the courtroom shouted, had to be removed by
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  Speaker 10: court officers.
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  Speaker 6: How much of this, in your opinion, sort of mirrors
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  Speaker 6: We have to go pretty far back. But the subway
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  Speaker 6: vigilantic case in the form of Bernie Getz.
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  Speaker 10: Yeah, you know, I was in the courtroom the day
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  Speaker 10: that Daniel Penny was brought in the day he was
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  Speaker 10: let out of the Fifth Precinct, and that comparison had
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  Speaker 10: been made by so many legal scholars, and it would
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  Speaker 10: appear again today that you know that this was a
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  Speaker 10: determination by these jurors that in fact, this was a
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  Speaker 10: case of a person trying to step into help and
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  Speaker 10: they felt that he was just trying to help and
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  Speaker 10: he didn't mean to take this person's life, and drawing
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  Speaker 10: obviously comparison, Sabernie gots so.
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  Speaker 3: This case, this, according to the eightp the case amplified
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  Speaker 3: many American fault lines, among them race, politics, crime, urban life,
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  Speaker 3: mental illness, and homelessness. Mister Neely was black, mister Penny
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  Speaker 3: is white. Did the judge even acknowledge that type of stuffer?
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  Speaker 3: Is they trying to really stay here?
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  Speaker 10: You know, they stayed to the merits of this case.
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  Speaker 10: I think that, you know, obviously outside the courtroom and
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  Speaker 10: the windows were open in the courtroom today and throughout
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  Speaker 10: the trial inside the courtroom, you could hear the chance
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  Speaker 10: of people who were on both sides of the divide here.
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  Speaker 10: And in fact, they called for a mistrial today, the
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  Speaker 10: defense team because they said that was going to you know,
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  Speaker 10: that was going to make sure the jury wasn't impartial,
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  Speaker 10: and it they actually turned out the other way. The
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  Speaker 10: jury found that in this case, Daniel Penny did not
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  Speaker 10: mean to do this. And it's actually it's really interesting
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  Speaker 10: because there was a case just like this in Brooklyn.
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  Speaker 10: Another guy was threatening people on the train. This other
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  Speaker 10: guy went up to him, confronted him, and the Brooklyn
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  Speaker 10: DA said, there's no case here. This was a guy
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  Speaker 10: who was trying to do the right thing. The guy
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  Speaker 10: wound up dying, and you know, it drew parallel to
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  Speaker 10: this case. The only thing is in both the race
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  Speaker 10: of both of those people who were the same in Brooklyn,
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  Speaker 10: in this case it was different, and it was obviously
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  Speaker 10: a charge environment.
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  Speaker 6: Well what was the makeup of the jury here? And
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  Speaker 6: did they all say they were frequent users of the subway?
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  Speaker 10: You know, I looked at a sketch, you know, I
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  Speaker 10: looked at the sketch of the jurors and it was
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  Speaker 10: a it was a mix of New York City and
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  Speaker 10: you know, they questioned, do people, you know in their
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  Speaker 10: wardier process, do you take the subway? Do you know
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  Speaker 10: anything about this case? It's kind of impossible to find
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  Speaker 10: a jury that didn't know anything about this case because
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  Speaker 10: it was a fever pitch when this happened.
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  Speaker 6: So we pivot real quick and get the update on
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  Speaker 6: the United Health Group executive Brian Thompson his murder in Midtown.
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  Speaker 2: Yeah.
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  Speaker 10: So this morning in Altuna, Pennsylvania, police there held a
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  Speaker 10: man for questioning a connection with this shooting. The man
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  Speaker 10: was in a McDonald's in Altuna, Pennsylvania for some reason.
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  Speaker 10: I think he was trying to pay for something at
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  Speaker 10: that McDonald's and had to show an ID. He had
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  Speaker 10: multiple fake IDs. People at that McDonald's called local police.
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  Speaker 10: When they called, and they and they came. They found
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  Speaker 10: that this man had multiple identifications and a gun with
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  Speaker 10: a suppressor on him. Police from the NYPD are headed
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  Speaker 10: to Altuna, Pennsylvania right now. It would make sense that
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  Speaker 10: this person who's being questioned could be the same person, because,
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  Speaker 10: of course they believe he took a bus out of
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  Speaker 10: the bus terminal in Washington Heights. One of the roots
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  Speaker 10: that you can do is go to Pennsylvania. They had
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  Speaker 10: been searching all weekend for the gun, and if this
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  Speaker 10: is correct, if police are able to boil this out,
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  Speaker 10: it would appear that that gun wasn't in Central Park,
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  Speaker 10: but rather on him of course, his weekend. They found
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  Speaker 10: a book bag they believe linked to him and some
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  Speaker 10: other evidence, but they had not been able to find
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  Speaker 10: definitive DNA leading them to the suspect.
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  Speaker 1: Miles, thank you so much for joining us. Appreciate your reporting.
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  Speaker 3: Miles Miller, Bloomberg Managing Editor, keeping us up to date
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  Speaker 3: on breaking news throughout the day and a lot.
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  Speaker 1: Going on here. We appreciate getting a few minutes of
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  Speaker 1: his time.
• 24:21
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• 24:26
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