Bloomberg, Trump Media, Susanna Palmer discussed on Bloomberg Business of Sports
Will travel 50 miles or more over the holiday. That's up nearly 4% from last year. The Auto Club says, over three and a half million of those travelers will be flying to their destination. Flight delays and cancellations are piling up ahead of the 4th of July, the number of delays within into or out of the U.S. stands at just over 1700 already today, over 400 flights have been canceled today. The airport facing the most issues right now, Hartsfield–Jackson, Atlanta, international airport. Ukrainian president zelensky is thanking the United States for another massive round of military funding, The Pentagon announced a new $820 million package of military supplies to be sent to the war torn nation as it fights off the Russian invasion. Zelensky thanked President Biden for his continued leadership and support of Ukraine in its war against Russia. I'm Brad Siegel. And I'm Susanna Palmer in the Bloomberg newsroom. There are dozens of flight delays and cancellations again today at Newark, Laguardia and Kennedy airports according to flight aware dot com. This passenger in San Francisco didn't want to chance being late for her flight. I've been warned by my family that there have been delays. This past week and because of the holiday weekend, I wanted to just make sure that I was here. Staffing shortages, including pilots and air traffic control continue to complicate air travel as millions try to board planes this holiday weekend. Donald Trump's social media company and some of its employees received subpoenas from both a federal grand jury and securities regulators that, according to a public disclosure yesterday, Trump media and technology group received subpoenas from a grand jury in New York and the Securities and Exchange Commission according to a security's document filed by digital world acquisition corp digital world has plans to buy Trump media. Governor Kathy hochul has signed a new gun legislation law, the bill huckel signed on Friday, severely limits, where guns can be carried and requires background checks to buy ammunition. It comes in response to a U.S. Supreme Court decision striking down New York's concealed carry law. Governor hochul has signed a bill extending mayoral control over the country's largest school system. The story from Bloomberg's Charlie pellet. It's cements a key power for mayor Eric Adams minutes before it was set to expire the renewal essentially gives Adams unilateral say over schools, allowing his administration to execute their plan to retain students and help them overcome learning difficulties in the aftermath of the pandemic. Bloomberg's Charlie pellet. New York legislators yesterday approved a proposal to enshrine abortion rights in the state constitution and that makes New York the latest state to pursue long-term protections in the wake of the U.S. Supreme Court's roe V wade reversal. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg. You're listening to Bloomberg business of sports from Bloomberg radio. This is the Bloomberg business of sports show will be explored the big money issues in the world of sports, Michael Barr. I'm scarlet fu. And we are speaking with Oakland athletics president Dave Cavill talking about the team and we're going to answer that long age mystery. Dave, is it the athletics or is it the ace? Well, I've always liked the a's. I think that's a fun nickname. I think that's something that obviously Charlie Finley is in the 70s brought to the club that there's something about that iconic hat and seeing that and so I've always kind of got that direction, but some people like the athletics, so we have a couple of different options for folks. The other question that wasn't, this is a little more serious here, is the Senate committee is targeting MLB antitrust exemption, a bipartisan group of senators, and they're talking about the salaries for minor leaguers. Your thoughts about it, first of all, about minor league players trying to get their fair share of getting paid and this committee about the MLB and to trust exemption. Well, I mean, obviously, we take all the actions and work of these government panels very seriously and I know the lead office and all the folks there are spending time educating all the key stakeholders on the current state of affairs and the industry, the majors, the miners, how it affects our business. And I know that's been a really positive conversation. And I think that's going to continue. And I think it will shape the discussion around some of these meetings and hopefully the outcomes that are created can be positive and maybe better reflects like the current environment that we're in. The MLB took over operations of the minor leagues before the 2021 season. They made a lot of big changes. Can you talk a little bit about what the Oakland a's has done with its minor league team in terms of improving conditions for minor league players? Yeah, so I mean, obviously coming out of the pandemic, I think one of the key focuses with just getting back operating, figuring out which locations because it kind of was a musical chairs every couple of years in the past. You didn't know where your affiliate was going to be. It might be in Texas. It might be in Michigan. It might be in Ohio. And so we've kind of brought a little more stability to that. There's also been a huge investment in facilities to ensure that the facilities are considerably better for the players. So I think those are important steps that have occurred as part of this transition. And that's all going to be important to make sure that we have the best environment for training for the players. And also a good environment for fans in these communities to watch the game. I mean, that's the other thing too. In the minor leagues often kind of entree point for fans into baseball, especially in some of these rural communities. You brought up fans, and the a's they do have a loyal fan base, but unfortunately you have low attendance. We're talking about 8400 average per game. How do you get more butts in the seats? Well, we fundamentally need to do facility. Our current Oakland Alameda coliseum is ten years past as useful life. It's not competitive with the other professional sports venues in the Bay Area or even in the country. And we need to do what we can and we're spending millions of dollars a month. We're working on these parallel paths to determine if we can either get our waterfront ballpark in Oakland built or an option in Las Vegas. And that is really the prime focus of the organization. Now it's solving that really 20 year question of where the aids are going to be because we need to get in a new home so we can have a great experience for our fans for a bigger payroll and more competitive play on the field. Will your fan base follow you along to wherever you end up? We have fans all over the country. One thing Facebook did a study of like fans and different counties and things of that nature.