Morning Brew Daily - Boeing Whistleblower Testifies & Tesla Wants to Give Elon $56B Payout

Episode Date: April 18, 2024

Episode 304: Neal and Toby chat about the flooding in Dubai and whether cloud seeding has anything to do with it. Then, the Boeing whistleblower has a dire warning for all its planes. Next, Elon Musk ...wants his payday and it's up to Tesla shareholders to vote whether he gets it or not. Meanwhile, Biden is taking a hard stance against Chinese steel imports in order to protect the U.S. steel industry. Also, Neal shares his numbers on a bus in Barcelona, coins, and Caitlin Clark’s rookie contract. Lastly, the Atlas robot by Boston Dynamics gets an electric makeover.  00:00 - Intro 3:20 - Cloud seeding good? 7:30 - Boeing whistleblower 10:20 - Tesla’s pay problem 13:00 - Steel tariffs 15:15 - Neal’s Numbers 21:30 - Atlas robot walks Get your Morning Brew Daily Merch HERE: https://shop.morningbrew.com/products/morning-brew-daily-sweatshirt?utm_medium=multimedia&utm_source=podcast&utm_campaign=mbd&utm_content=shownotes Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

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Starting point is 00:00:01 Consider this comparison. PWC data found the percentage of CEOs who report revenue gains or cost reductions from AI is almost equal to the percentage who say they're still stuck. What separates these two groups? PWC points to a clarity issue. Even for CEOs, it's hard to tell what's AI hype, what's reality, and where this tech can make a tangible difference. Learn where AI can actually make an impact and what successful adoption looks like at
Starting point is 00:00:26 pwc.com slash US slash brew AI. That's pwc.com slash us slash brewAI. Good morning brew daily show. I'm Neil Fryman. And I'm Toby Howell. Today, Caitlin Clark's shockingly low WMBA salary has sparked a debate
Starting point is 00:00:43 over pay equity in sports. That Dubai has received double its average annual rainfall in a freak storm over the last two days. Is cloud seeding to blame? It's Thursday, April 18th. Let's ride. Word of advice, kids.
Starting point is 00:01:01 Do not bet on a sports. you play professionally or you're going to have to learn a new sport. Yesterday, the Toronto Raptors Jonte Porter was banned from the NBA forever after the league found that Porter bet on NBA games and limited his participation in at least one game to influence the outcome of a bet. In one of the most striking examples, a better found out through Porter that Porter had a health issue going into a game so the better dropped $80,000 on a parlay for Porter to underperform across a variety of metrics.
Starting point is 00:01:34 Sure enough, Porter left the game three minutes in with an illness, and the bet cashed out $1.1 million. Well, the bet wasn't paid because Draft Kings noticed something was off and flagged to the league. The league has partnerships with more than two dozen betting and gaming companies at this point. So, of course, this just throws into light the hypocrisy of getting into bed with these gambling companies and then punishing players so severely. It's wild to see how fully the league has embraced gambling at the moment.
Starting point is 00:02:01 this point. I remember the days when commentators would treat it like almost like Lord Voldemort where they would allude to Vegas or something like that about a meaningless three-pointer at the end of the game. But now you can just speak about it openly. The logos are plastered all around the court. So it is
Starting point is 00:02:17 just crazy to see the evolution of how the league has embraced gambling. You think this is too severe of a punishment? I don't think it's too severe as a punishment, but you've got to admit that it's a bit, there is a level of hypocrisy here of if you are taking money from these gambling companies and then you have these players losing their entire livelihoods over it.
Starting point is 00:02:35 I'm not saying that John T. Porter, what he did was correct or anything like that, but it is interesting to see Draft Kings and Fandul be the primary sponsors of these leagues, and yet the players still face the ultimate consequences. Now let's hear a word from our friends over at Robin Hood. One of my favorite investing strategies is a set it and forget it approach to the market. I'm great at the set it part. The forget it part a little harder. Oh, you're a chart fiend, Neil.
Starting point is 00:03:01 I see you over there checking in daily, but I recommend you check out some of the many tools Robin Hood offers to automate your personal long-term strategies. Hey, I like to see what's happening, okay? But fine, what are these tools? I'm talking recurring deposits, which automatically move money into your Robin Hood account on a schedule, recurring investments to allocate a certain amount of your money towards buying stocks or ETFs, and you can do it all weekly, bi-weekly, monthly, or even further apart. Set it and forget it, Neil.
Starting point is 00:03:27 I'll still be checking my charts, but I like the perspective. Hey, you do you, man. Learn more about the Robin Hood app in the App Store or Google Play Store. Disclosures, investing is risky and returns are not guaranteed. Recurring investments do not ensure a profit or guarantee against a loss. Not all securities on Robin Hood are eligible for recurring investments. Robin Hood Financial LLC member SIPC is a registered broker dealer. It's time to refresh your yard during spring backyard days at the Home Depot.
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Starting point is 00:04:17 Exclusion supplies to homedipo.com slash price match for details. Dubai and the United Arab Emirates is dry. It typically receives around 3.9 inches a year of rainfall on average, but in just over 24 hours, starting on Monday, about six to 10 inches of rain have fallen on the city. It's the heaviest rainfall it's seen in over 75 years, and it's predictably led to chaos. It shuttered the second busiest airport in the world. Rolls-Royces and Asin Bartons are floating in the street, and 19 people have died from flooding and neighboring Oman. Amid the chaos, you may have seen people speculating about the origin of this freak weather event.
Starting point is 00:04:56 Cloud Seating. Bloomberg News suggested that. link as the storms began to rage on Monday. Cloud seeding is this form of weather modification to try to address water security issues. The idea is to release salt or silver iodide into warm weather clouds with the intention of creating larger droplets that will eventually lead to rain. There were reports that seating planes had been dispatched on Monday before the storms, but the UAE's National Center for Meteorology later denied that. Neal cloud seeding and geoengineering in general are hot button issues that divide the scientific community.
Starting point is 00:05:28 And this once in a generation storm has put the practice squarely back in the spotlight. Absolutely. It feels like this is a futuristic technology that they've only been doing for a few years now, very experimental. But if you actually go back through the history of cloud seeding, it goes back decades.
Starting point is 00:05:43 It started in the 1940s when farmers, ski resorts, hydropower companies in the United States sent planes and sent particles up into the clouds to induce more precipitation. It's not hard to see why a ski resort might want to do this to induce more snowfall, and they still do it. I mean, Vail Resorts pioneered it, and they have a very robust cloud seeding program. Telly Ride also does it, Wolf Creek in Colorado, Park City, and Utah, Alta.
Starting point is 00:06:11 So they all have very robust cloud seating programs. Back to the UAE, it's very interesting. There was a little discrepancy because initially they said they did cloud seating on Sunday and Monday and Tuesday, and then they walked it back a little bit and said, no, we haven't done cloud seeding operations. But at the most, it feels like cloud seating can only induce a 20% increase in rainfall. So I think the consensus here after much debate is that cloud seeding, if it had anything to do with the rainfall, it was very minimal. Yeah, minimal. Let's dive into the debate around this practice, though, because you're right, it has been around for a long time. On the one hand, you might think that clean tech and reductions
Starting point is 00:06:49 in greenhouse gases aren't happening quickly enough. So no options to be off the time. You know, table when it, even if it comes to meddling with the weather a little bit, but on the other hand, there's this distinct lack of regulation around cloud seeding. There could be these unforeseen side effects. And it might just be a distraction from the broader shift that we need to make away from fossil fuels and towards renewable energy. So there's definitely people, even within the environmental movement, even within like the clean tech industry that are very divided on cloud seeding because you're also correct, it's a mixed bag on if cloud seeding even works, because especially in flat regions and especially on clouds that aren't close to producing rain anyway.
Starting point is 00:07:29 A lot of people think that some city officials may overstate the effect cloud seeding have to show that they are making strides and trying to induce rain in this arid region. So it's definitely a mixed bag and is splitting the scientific community a little bit. The bigger problem for Dubai is not cloud seeding or the debate over that. It's really, do you have the infrastructure to handle these floods? because Dubai is a really way more of a concrete jungle than the United States is. It doesn't see a lot of rainfall. They don't have a lot of permeable surfaces.
Starting point is 00:08:02 There's a lot of concrete. The rain when it comes down and when it comes down heavy is not going anywhere, which is why you saw the Dubai airport literally underwater. It was a lake. 500 flights were canceled. That's chaos. So many flights go in through Dubai and around the world. So I think Dubai has to address its infrastructure and other cities that are going to be seeing more
Starting point is 00:08:22 extreme rainfall events or more extreme weather events, you have to have your infrastructure ready to handle these kind of things. Boeing was in the negative headlines once again, as whistleblowers testified on Capitol Hill that the company was knowingly producing planes that had safety defects and retaliated against workers who brought up concerns. The star witness at this hearing was 17-year Boeing vet Sam Salapur, a quality engineer who warned that the 787 Dreamliner was not safe to fly due to gaps where the different pieces of the fuselage came together. He also said that when he raised the issue with his superiors, he was harassed and verbally threatened and a bolt had been driven through the tire of his car, though it wasn't clear who did it.
Starting point is 00:09:05 Another whistleblower at the hearing, a former Boeing manager, went even further, accusing Boeing of a criminal cover-up following the door panel blowout of the Alaska Airlines 737 Max in January, the incident that renewed scrutiny over Boeing. For its part, Boeing says that concerns about the 787 are inaccurate and it's fully confident in the plane. Still, the hearings revealed even more rot in the company's culture than we knew about. Yeah, Salapur has been on a media tour since he came forth with his whistle blowing allegations last week. He jumped on camera for the first time even before the hearings and said that he said the plane could fall apart and drop to the ground mid-flight if the issues are not addressed. When he asked if he would put his own family on a 787 right now, he said, right now, I would not.
Starting point is 00:09:47 and he reiterated that the company has not addressed these tiny gaps found in multiple planes after they weren't put together correctly. So it's definitely we're seeing the fallout from, we got those initial claims. Now he's going on Capitol Hill. Now he's going on TV. And the heat is still being turned up on Boeing. What struck me the most about his testimony was the retribution aspect, the fact that when you raise concerns that his superiors kind of berated him, he said that he had a call with his boss for over 40 minutes
Starting point is 00:10:16 where he was lashed by his boss over raising problems. And the ability of whistleblowers and regular employees to come forward with safety issues is a really big part of what makes manufacturing safe. The FAA has developed this whistleblower process for workers at Boeing and other aerospace manufacturers to come forward with issues. Because the ability to come forward and not fear retribution by your superiors is a really part of developing that safety culture. So the fact that he said he was harassed and verbally threatened by his superiors is certainly concerning. The other thing that is very concerning too is the other whistleblower that you mentioned came forward and said that there's an attitude problem both at Boeing and the FAA itself.
Starting point is 00:11:02 And he said right now the attitude is that Boeing dictates to the FAA, not the other way around. So you don't want these regulatory agencies being kind of at the mercy of what these big companies are. And certainly right now it seems like the power. power balances between those two are off and they should be re-corrected so the FDA can monitor Boeing appropriately. When at first you don't succeed, try again at a shareholder meeting in June. That's the approach Tesla is taking towards getting Elon Musk's historic $56 billion pay package approved. If you rewind to three months ago, a Delaware court voided Elon's monster pay
Starting point is 00:11:40 package that Tesla's board and shareholders had granted him back in 2018, the judge described it as deeply flawed, saying the company hadn't properly disclosed the package to shareholders and that Elon wielded far too much control over the board. But yesterday, Tesla said it would go to bat again for the package and is bringing it to a shareholder vote at its annual meeting in June. Since the package is entirely made up of stock options, it's only worth $47 billion now given Tesla's recent struggles. And given that underperformance, must might be facing an uphill battle in his attempt to get rewarded with the richest pay package in U.S. corporate history. So as shareholder meetings go, Tesla's June 1 is up there with the most dramatic because
Starting point is 00:12:21 everything from a happy musk to a Tesla-musk breakup is on the cards. Yeah, seriously. But Tesla does think that it has the support for this pay package needed to go back to that particular vote and have it go through. They did originally back in 2018, they got 73% of non-mus shareholders to approve the plan. they put a lot of evidence forward that a lot of the shareholders still support the fact that must be paid tens of billions of dollars for bringing Tesla from a $50 billion valuation to a $500 billion valuation.
Starting point is 00:12:53 It says it has four of the largest institutional shareholders in the company on board. That includes T. Roe Price, which they said urged Tesla after that pay package was voided to go back and hold another vote because they want Elon to be paid this amount for hitting these particular benchmarks for Tesla. Right. And you might be thinking why is it going to bat for this particular pay package? Why not just throw it out and start again anew? But they are going the route of ratification because trying to get the previous deal
Starting point is 00:13:23 improved instead of trying to negotiate a new package with must. Honestly, might be the play because you're going to have to pay them a similar magnitude package no matter what. So you might as well just use the one that's already been seen to have support from shareholders rather than trying to. craft a new agreement where must might have even more leverage over the company at this current moment. But it's actually a very interesting moment for Tesla right now because Elon has publicly said, I want more control of the company. I want to get up to that 25% ownership threshold.
Starting point is 00:13:53 So we might see some fireworks come June where Elon just says, listen, you're not, you guys are putting me through this rig and roll. I've been basically working for free. I haven't exercised hardly any of the stock options. I'm legally allowed to. might just... I'm bleeding money from X. Right. Yeah, he's spending a lot of money on his social media side project.
Starting point is 00:14:13 So I could totally see this whole thing blowing up in Tesla's face, or maybe they just voted through. Yeah, we'll see. It should be pretty dramatic. Also, that's not the only vote that's happening at this meeting. Tesla will also vote to reincorporate
Starting point is 00:14:26 from Delaware to Texas. Elon Musk, after that Delaware decision to void his pay package really kind of went... After... Yeah, went Ham on Delaware and said, I don't want to incorporate in you anymore, and I want to move all of my companies to Nevada or
Starting point is 00:14:42 Texas. So it feels like Tesla may also vote to shift its place of incorporation. President Biden and his rival Donald Trump don't have a lot in common, but they do agree on one thing. Steel coming from China should face higher tariffs. In a speech in Pittsburgh, home of the Steelers, Biden called on the U.S. trade representative to more than triple some tariffs on steel and aluminum products coming from China. In this proposal, certain goods that have tariffs of 7.5% or none at all could face a 25% tax to enter the U.S. market.
Starting point is 00:15:16 The call for higher tariffs is in line with Biden's aggressive push to get that Made in America tag on more products. And that push has come with a hard line against China. In recent weeks, officials across the West, not just the U.S., have accused Beijing of dumping its extra exports into foreign markets at low costs, hurting local manufacturers who can't compete on price. But as Biden puts up trade barriers, economists have concerned that these protectionist policies may come at a cost to free market ideals and global economic growth.
Starting point is 00:15:47 Yeah, Biden talked about this while on the visit to a swing state. He's definitely on the campaign trail right now, rolling out these protectionist steps against Beijing. There's also tariffs that he wants to include against electric vehicles, batteries, solar products, which you've heard us talk about on the show in the past. It is interesting, though, because technically the 7.5% tariffs have worked a little bit. In 2023, steel imports from China were down 8.2% from 2022.
Starting point is 00:16:14 And if you look at the broad import volume that the U.S. does, by comparison, we don't actually import that much steel from China, 598,000 tons in 2020. Compare that to imports from Canada, 6.9 million tons, imports from Mexico, 4.2 million tons. But then if you dig a layer deeper, a lot of people think that Chinese companies are setting up shop in Mexico, avoiding those tariffs and importing through Mexico. So the whole import scene for steel is particularly interesting. And the tariffs that are being applied to it will only make, only constrain it even more. Up next, you better get excited because my favorite time in the week is here, Neil's numbers. Today we helped a latte for Sam. Coffee shop, get an insurance quote, simply.
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Starting point is 00:18:02 the segment where I share three stats from the week's news that will give you so much cognitive energy, you won't need any coffee this morning. My first number is 116, which is the name of a bus route in Barcelona that has vanished from the map, but still exists. Here's the story. The residents of a Barcelona neighborhood have been fetching for years that tourists are overcrowding a bus that goes to a famous park, the city's second most popular attraction. Complaining that not even elderly people with canes can find a seat on the bus, they decided to do some about it. The city council asked Google and Apple to remove the bus route from their map apps,
Starting point is 00:18:39 and the companies agreed. So now the bus only exists for those who know about it. Barcelona literally wiping itself off the map is perhaps the most extreme example yet of the city trying to curb over tourism. Barcelona received over 20 million visitors in 2019, compared to its population of 1.6 million. COVID shrank that number, but tourists are trickling back, and Barcelona does not want to return to being a plagiar. ground for American study abroad students again. I feel like Barcelona may have Barbara Streisand themselves. Remember, the Streisand effect is when you attempt to conceal something, you end up drawing more attention to it. Barbara famously did that. There was this, she wanted her house deleted from this series of
Starting point is 00:19:20 coastal photographs. She pressed legal action against a photo photographer, and it led to a huge increase in people looking at her house. I feel like Barcelona just did this on the 116 bus route, because now it's in the news, we're talking about it, and people are still going to be. going to know about it, even though they deleted it. From what I understand this bus was already extremely crowded. It was so packed. There are a ton of tourists that go to Barcelona. So maybe you're right at the margin.
Starting point is 00:19:45 I know a lot of people who listen to this are going to Barcelona. But no, it seems from what I gathered about this bus and talk to people who have been on it and head to this park, it is just bursting with people. And it makes sense that the people who live there are pushing back because they can't just have any peace and quiet in their neighborhood. And this is not the first step we've done. seen taken towards over tourism at all. I mean, we talked about a Vermont town that essentially closed down to the town during leaf season because of overcrowding. There's been staircases
Starting point is 00:20:12 removed in Hawaii in popular photography spot. So this is not the end of the push against over tourism that these countries are. And it's especially happening in Barcelona. They voted against expanding their airport because they don't want more people coming. And some of the steps that they've taken is on tours of the city. You can no longer have a megaphone and you have to put in a headphone and speak into a microphone there. All right, my second number is $68 million, which is the amount of change that Americans throw away every year. The source of that stat is a firm named ReWorld, and it would know, this Pennsylvania company processes waste and has collected at least $10 million worth of coins from your trash cans, according to the Wall Street Journal.
Starting point is 00:20:56 The critics of coins, all of this change is cause for change. The U.S. quarter had roughly the same buying power in 1980 that a dollar has today, and pennies cost about three times their value to make. So at the very least, some argue that the U.S. should follow the lead of Canada, New Zealand, and Australia, and remove our one cent pieces from circulation because no one is using that. Yeah, they're as good as junk for a lot of people. I mean, buses, laundromats, toll boost, these places that historically you need to change for, they all take credit or debit cards at this point. And you're right. Like the penny doesn't make sense economically. TSA also finds a ton of coins at checkpoints every year. So people are not using their change as a once word. And
Starting point is 00:21:38 honestly, it made me extremely jealous that I never thought about a waste removal process where you process the amount of coins you find because they're making a, it's a small part of their overall revenue, but they're making a significant amount of money off this. Did you, did you ever do this? Like, I had a small, similar operation with my grandma. We'd all sit together at the table, go through the coins that we had left in our piggy bank, roll them up, and then take them to the bank. It'd be like $50 to $60. It was a nice little gift.
Starting point is 00:22:04 It's fun. The personal coin counter, you feel wealthy. That's the first time you feel wealthy is putting them all, having them sort and making those little rolls. All right, my last number is $76,535, which is what Caitlin Clark will make in her first year playing for the Indiana fever
Starting point is 00:22:21 in the WNBA. Not exactly a salary fit for a transformative basketball superstar, right? Doesn't seem so. It's less than 1% of the, the 12 million, her number one draft pick counterpart in the NBA, Victor Wenban Yama, will make this season playing for the San Antonio Spurs. This huge pay gap has sparked loads of debate this week, with even President Biden weighing in that women athletes are not paid their fair share.
Starting point is 00:22:45 There are several reasons why salaries for WMBA players are so much smaller than what NBA players make. First of all, the WMBA brings in a tiny amount of revenue compared to the NBA, $200 million versus $10 billion each year. But even so, the way the collective barrens, bargaining agreements work. WMBA players receive a far less share of league revenue than the men who get 50% of all ticket sales and broadcasting rights.
Starting point is 00:23:09 Toby, Caitlin Clark making 70K, something feels off. Yeah, something definitely feels off. And you're right. You can always point to the amount of revenue that each league respectively brings in. But the collective bargaining agreements are set up differently.
Starting point is 00:23:22 The women do receive less of the overall total pie. So that's what they've been advocating for four years. It's like, We just want to have the same part piece of the pie that the men gate. We know our pie is smaller, although it certainly is going to brig that is getting bigger. The next collective bargaining agreement can be agreed upon in the 2025 season. And I feel like we're going to see a much different landscape. All these stars are entering in the league.
Starting point is 00:23:46 Caitlin Clark is entering the league. So hopefully it changes when it comes up for negotiation again. Yeah, and it all ties back to how much money they get on their TV deals, because that is the lion's share of the revenue for these leagues. WMBA currently brings in $60 million a season from their TV contracts with ESPN, CBS, etc. The NBA makes $2.7 billion annually from their TV contracts. So that's such a huge discrepancy. If viewership goes up for the NBA, or WMBA, which we're all expecting it to, then the lead can go back to the table with these media networks and say, hey, you have to pay us a lot more because we're bringing in a lot more eyeballs. It's a good thing robots don't get jealous or else Boston Dynamics would have a very awkward situation on its hands.
Starting point is 00:24:28 One day after retiring its famous hydraulic-powered humanoid robot named Atlas, it revealed its new and improved humanoid robot that trades clunky hydraulics for electric power, also named Atlas. You probably know Boston Dynamics for a variety of videos that have gone viral over the years of Atlas, making its way through obstacle courses, picking up boxes, or even dancing. It was originally conceived as more of a research project to help with search and rescue efforts, but this new Atlas is designed for real-world applications, gone. is the top heavy torso, bowed legs, and bulky armor from the previous version. The new electric
Starting point is 00:25:03 version has some smoother movements we've seen out of other robots. And though it has a gentle humanoid look to it, Alice is certainly not fully building it in the image of humans. It can do things like spin its head, torso, and legs 180 degrees as it showed off in a rather uncanny demo video. Neil, what do you make of the new and improved Atlas? I was wondering what the use case was. Like, what is this thing going to do? What is the point of this? They have to be. They have to sell it eventually. They're spending tens of millions of dollars developing. What is this thing eventually going to do? Well, I think for that, all you have to do is look at who owns Boston Dynamics, who bought it in 2021 for nearly a billion dollars. And that's Hyundai. And it looks
Starting point is 00:25:42 like these robots, these humanoid robots, are going to replace humans or aim to replace humans on the assembly line in auto manufacturing plants. That's why Tesla has developed a humanoid robot. There are other humanoids also working at various plants in BMW and Mercedes. rival robots to what Boston Dynamics is doing. So it looks like one of the first commercial applications of this is going to slot in for carrying heavy, unwieldy things, dangerous jobs in auto plants. One thing that I think is interesting when you ever see a Boston Dynamics video, a lot of them have been for marketing.
Starting point is 00:26:16 It's showing a robot dancing doesn't really show how it can be used in the real world. But this latest video that came out shows the robot getting up from a prone position after it's presumably fallen over or something like that. And that is not just a marketing stunt because it is very much a problem that if a robot falls over, if it can write itself and not cause production to slow down, that's been an issue that these companies have been trying to solve. And Boston Dynamics, with some interesting uses of physics and force, showed it getting up from a prone position. And so I do think that they are building this robot with productivity in mind with a real use application, real world application in mind, not just for marketing anymore. Meanwhile, Boston Dynamics has a much more successful, at least from a commercial perspective, robot named Spot.
Starting point is 00:27:01 This is a dog robot, and it's been used in a lot of police departments all over the country. There was a record first where a robot dog working for the Massachusetts State Police Department was shot in the line of duty. There was a standoff with this dude in Cape Cod, and they sent Spot and several other robots in to not necessarily confront the suspect or the person, but to learn more information. the suspect shot Spot, and they were saying that Spot saved lives. And with the success of that mission, I don't know if you call it a success, but it did lead to the apprehension of this person, then they're going to only use Spot more. So Boston Dynamics has that police dog working really well for it.
Starting point is 00:27:43 All right, let's wrap it up there. Thanks so much for listening and have a wonderful Thursday, Thursday. Been a fast week for sure. Don't be a stranger right into our email Morning Brew Daily at MorningBrew.com Love letters, hate mail, thoughtful feedback. We welcome it all. Let's roll the credits. Emily Milliron is our executive producer.
Starting point is 00:28:02 Raymond Lue is our producer. Isabel Wynne is our technical director. Billy Minino is on audio. Hair and makeup is looking for that bus in Barcelona. Devin Emery is our chief content officer and our show is a production of Borgh Borghru. Great show tonight, Neil. Let's run it back tomorrow.
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