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Quest Means Business
Bank of England Governor: Energy Crisis Is Getting Harder To Contain; Vatican: Pope Had Part Of Lung Removed, Doctors Found Cancer; Attorney For Jane Doe Says She Is Scared For Her Safety; Pope Leo Had Part Of Lung Removed, Doctors Found Cancer; IGA Istanbul Named World's Best- Connected Airport; Ukraine Football Club To Play Some Home Games At Chelsea Stadium; Six Flags Shares Sink After Roller Coaster Tragedy. Aired 4-5p ET
Aired October 13, 2026 - 16:00 ET
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[16:00:14]
MAX FOSTER, CNN INTERNATIONAL HOST: Here we are. The opening bell. The Dow down slightly to the one third of one percent at 51,600. Those are the
markets, these are the main events.
Richard sits down with multiple big names at the IMF-World Bank meetings. One of them is the Bank of England Governor, Andrew Bailey, who says the
British economy can't endure the war in the Middle East forever.
Richard also spoke to the World Bank President, Ajay Banga, who shares his thoughts on recent economic shocks around the world.
And Six Flags is closing several roller coasters across its parks after a man was tragically killed on one of its rides.
Live from London, it is Tuesday, October the 13th. I am Max Foster in for Richard Quest. This is QUEST MEANS BUSINESS.
Good evening.
Tonight, the Governor of the Bank of England warns the longer the U.S.-Iran War goes on, the more difficult it will be to contain its effects on the
economy. Resurgent inflation in the U.K. has forced Andrew Bailey and the BoE to pause its rate cutting cycle. There is even speculation that the
bank could start raising rates now that the U.K.'s annual inflation rate has risen three percent.
Richard caught up with Bailey at the IMF-World Bank meetings in Thailand and asked him whether he sees rates going up soon.
(BEGIN VIDEOTAPE)
ANDREW BAILEY, GOVERNOR, BANK OF ENGLAND: Well, I think look, the framework that we are looking at and have been looking at for a while now hasn't
changed. So we've got the impact, obviously, of the events in the Middle East, the impact on -- direct impact on energy prices, that's very visible.
It is going on longer, clearly, we are seeing that. It is not a statement - - it is nothing but a statement, I am afraid a fact.
The key thing that we have to look at is, is what are called pass-throughs into the indirect effects and the second round effects. Now so far it has
been more subdued in the U.K., which I, myself find encouraging. But the longer this goes on, the harder it gets.
Two of the things I'd say one, and I think the IMF have pointed to this this morning in their World Economic Outlook, we are seeing greater
resilience in U.K. economic activity, which is good. We will obviously factor that in. Alongside that, when I go around the country and I do a lot
talking to firms and my colleagues do, there is a very big focus on cost containment in terms of, you know, when they are looking at the increase in
their costs, can they pass it on? Do they have to cut costs?
Cutting costs is a big theme of the conversations I have.
RICHARD QUEST, CNN INTERNATIONAL HOST, "QUEST MEANS BUSINESS": That's a double-edged sword, of course, because the moment you start cutting costs,
it will slow --
BAILEY: It is. Yes, yes --
QUEST: You're losing --
BAILEY: You're affecting the labor market and so on. Yes.
QUEST: Exactly. I guess, on monetary policy, is it a case of when, not if in terms of a tightening.
BAILEY: Well look, I am not -- that's -- that would obviously be a leading question. Nice of you to do it. I entirely totally appreciate that. That's
the framework that I am sure we will be going into the next round with. What I would say is I've said a number of times that the longer this energy
situation goes on, even though we are seeing subdued pass-throughs, so far, the harder it gets.
QUEST: Are you surprised at the subdued second round effects?
BAILEY: Well, it is early days still. I mean, the other thing I would say is, second round effects come with a lag, so it's early days. But I am
seeing is this very clear message that I get from U.K. businesses that cost control is something they are focused on, they feel they've got to be
focused on because they're finding it very difficult to pass on prices.
But as I say, the longer the energy thing goes on, the harder that gets and that puts pressure on the second round effects.
QUEST: The issue, of course, we've got the budget coming up as well, which is another area that you will --
BAILEY: Oddly enough, I will not be commenting on it.
QUEST: No, but you have put out a clarion call with your -- you want a credible fiscal policy and that begs the question what you mean by
credible?
BAILEY: Well, can I say that was in the context of a global point, actually.
QUEST: Yes.
BAILEY: Because, you know, I was commenting on really what we are seeing in bond markets, which of course is another big theme. And it's going to be a
big theme this week in Bangkok at the IMF Annual Meetings, I am sure. And really, you know, I was making three points in terms of what I see as the
underlying, you know, things that we have to look at. One is growth because there's no question that in terms of what can alleviate the fiscal
situation, which again, the IMF are pointing to, is stronger growth.
The second one is having macroeconomic frameworks and keeping to them, which is both monetary and fiscal. So, our job is to bring inflation back
to target. We will do that. But fiscal frameworks are important there. And the third point, which again is very much in our domain, which is a
financial stability point, is that the structure of government bond markets has changed. There is far more leveraged finance in it. There's far more
price sensitive investment in it, and there are certain fragilities in that situation.
[16:05:10]
QUEST: Do you fear that there is a budget or a bond yield crisis about to hit France that could affect everybody? That they are heading into a
dangerous scenario?
BAILEY: Again, I am going to avoid sort of, you know, leading comments on other countries because that's not for me. I think the point about fiscal
frameworks holds, and I think it is interesting because, again, if you look at what the IMF is putting out today, and you look at the points they're
making about fiscal outlooks, you know, the U.K. has a budget profile which does have a declining deficit in it.
And of course, that's important from the point of view of the overall position -- the debt position. So, you know, that's important. And I think,
you know, I support strongly what the IMF is saying here that this this is obviously a concern if you look globally.
QUEST: I think -- I suppose if I sort of helicopter up a bit.
BAILEY: Yes.
QUEST: Because we can always talk about the individual this or the individual that.
BAILEY: Yes.
QUEST: The macro scenario does not look good globally at the moment. To use the phrase that your bank has used, the risks are very firmly down.
BAILEY: Well, I think, I think if you put it into the context, we've got two things going on and have done for quite a while now.
QUEST: Yes.
BAILEY: We've got -- we've had slower growth in many countries for a long time and we are being hit by repeated negative shocks, negative supply
shocks, of which the latest is what's going on in the Middle East.
QUEST: How difficult is it to navigate?
BAILEY: It's much harder. Supply shock -- you know, I've made this point a number of times. Supply shocks, particularly negative supply shocks are
much harder because obviously they basically put inflation and activity at odds with each other.
QUEST: Exactly.
BAILEY: And we have to navigate through that.
QUEST: Right. And whatever you do is going to have an effect on the other side. So let's take for example, whatever happens with monetary policy,
you're going to have fiscal policy responding where things get more difficult. You're going to have to have -- I guess, the spider's web is
getting much more difficult.
BAILEY: There are harder shocks to navigate through, there is no question about that. And of course, you know, you talk about fiscal policy
responding not for me to say, of course, but you can see, of course, you know, the pressures are there.
One final area I want to talk on, which might sound a bit academic and esoteric, but this debate that Kevin Warsh with the Fed has started on
Central Bank's role and the monitoring and inflation targeting and guidance and all of these things. Where do you stand?
BAILEY: Well, first of all, a strong, obviously advocate. And you know, the answer is Central Bank independence. I think it is important, but it has to
be embedded into accountability. It has to be embedded in that sense into democracy.
I agree with Kevin that I think forward guidance -- the problem with forward guidance as it were was that it heads off into the territory of
unconditional commitments.
I often say, and this is no criticism of your profession, Richard. You know, we speak conditionally and are heard unconditionally. And, you know,
there are moments when I sit in my office thinking, oh --
QUEST: I never said that.
BAILEY: No, no, I never said that. I didn't say that. I said something much more subtle. And why didn't they understand it? But Kevin makes an
important point. I mean, you know --
QUEST: But does it matter?
BAILEY: Yes, it really does matter because, you know, we are always facing uncertain futures, but now more than ever and that's why we speak
conditionally, because we are always weighing different paths up and saying, well, it could go here, it could go here, if it goes there, we sort
of would respond this way. If it goes here, we'd respond that way and our eventual decisions are a balance of those things and that's why it is
always conditional.
It's why we use scenarios so much and are growing in our use of scenarios. And so I support Kevin's -- in his view, that, look, you know, we have to
communicate, but I think forward guidance got us too far towards making unconditional statements.
QUEST: And this business of telling the markets versus responding to the markets, which of course is chicken and egg, is a hugely, you know, the
markets respond to you or do you respond to --
BAILEY: Well, first of all, we all respond to the same evidence. I think we are all looking at the same evidence ultimately. So we are all
simultaneously looking at a set of economic statistics, data, evidence we are getting in, what we are seeing in the economy generally. So we are all
responding in a way to at the same time, so you can't sort of, I think the idea you can neatly separate it into you move first and then we'll move
and, okay, no, it is it you moving first or us moving first? No, we're all responding to the same --
QUEST: Finally, as we -- whatever we're in at the moment, however you would want to describe it. Do you still get an optimism of what you're doing? Or
does it -- do you sometimes feel, oh, here we go again, you know, another cycle, whether it be up or down, whatever it is, the next shock is about to
hit us? Can I have a quiet day, please?
BAILEY: Well, in your dreams!
Look, I mean, obviously I wish for the people we serve, that we had an easier world to deal with, I think -- I wish there were fewer conflicts in
the world and that we had an easier time.
[16:10:10]
Of course, I do and that would be much better.
I am an optimist in a sense. Our job is to deal with what comes our way. And I work with incredibly talented people, both in the Bank of England and
other Central Banks, and you see them around this building here.
So, you know, I am an optimist in a sense, this is our job and we must get on with it, frankly, in that sense.
(END VIDEOTAPE)
FOSTER: The Governor of the Bank of England, speaking to Richard, he also spoke with the World Bank President at the IMF-World Bank meetings.
Ajay Banga gave his thoughts on recent economic shocks caused by the ongoing tensions in the Middle East.
(BEGIN VIDEOTAPE)
AJAY BANGA, PRESIDENT, WORLD BANK: Well, in terms of the Middle East itself, is the fact that if you think through the past six to eight months,
what cushioned some of the challenge was the rundown of inventories in a number of countries, combined with lower purchasing in places like China.
So the question really is, you know, even now, for example, IEA says you can run down some more diesel inventories to bring that down, but the
question really is, how long can this continue before a more regular, predictable supply would be the real solution to stabilize prices? I think
that's one part of the story.
The second part of the story is on a fertilizer, which goes straight into food costs and delivery as well, and urea and potash are the two critical
ones, and their prices, we thought would be much higher, but they've actually stayed lower down, partly potash. The Saudis were very good at
getting it out. Urea, the U.S. and other countries stepped up production. But the new planting and crop cycle will come in the next few months.
QUEST: Is there a real fear that the next crop, unless things change now, will be seriously deteriorating?
BANGA: I don t think seriously, but I think there is a bigger issue there, which is the combination of all this with El Nino. So you ve got that
coming as well. Then you get a triple issue: The price of inputs, the availability of inputs, and then extreme weather events, which is what
people are predicting with El Nino.
QUEST: Who suffers?
BANGA: Basically, it starts out with the smallest farmer who doesn't have adequate crop insurance or scale to be able to compete, and then it works
all the way up into a food price and food inflation thing, if it plays out the way people think.
QUEST: How do you think it is going to play out?
BANGA: My own sense is that just as we were wrong about the prediction when the war began, we all thought this would be a much higher level of growth
of prices, I think you will find a lot of efforts being created to help to manage this next phase as well, both in terms of, you know, for example,
the U.N. operations team are talking with the U.S. about helping the humanitarian corridors open up -- just things of that nature.
QUEST: With A.I., which I will take from you the answer. I am going to take it off the table. You cannot tell me the great productivity benefits.
BANGA: Yes.
QUEST: Because we know that that's the bit that everybody -- that's the shiny bauble over there.
BANGA: Yes.
QUEST: But the real worry is, of course, jobs -- jobs that are going to be lost. They won't be created in different industries fast enough to marry
against those that we've lost.
BANGA: So you're talking about the developed world where large language models are what have consumed the combination of everything we are
discussing. I am actually talking about the emerging markets and developing world where small A.I., A.I. applications for farmers, for healthcare, for
education and skilling from El Salvador with education to Indonesia with healthcare and India with farming. These are real, Richard, and they are
scaling. They're creating real productivity and delivery.
I will give you an example. So small farmers in India, you can go to an illiterate woman farmer in Uttar Pradesh. She takes a 3G phone, points it
to the back of a diseased leaf, and it tells it that disease, this insecticide from your cooperative, press this button, 25 rupees now, and
because everybody has bank accounts in India, it actually works.
So this lady is able to compete. She is not going away. So in fact, small farmers are staying on their land and being competitive because of access
to scale and technology.
QUEST: What about those jobs that the upwardly mobile and those that aspired higher would have gone to clerical, administrative, minor,
technical -- those jobs will not exist.
BANGA: Well, so let me give you five areas where huge job opportunities exist in the developing world, and that's what they are investing in. The
first one is infrastructure. Remember, the developing world -- bridges, roads, airports, power, electrification, digital public infrastructure --
these are huge opportunities for construction and then what they enable. But then the second big one is agriculture for small farmers.
Take ASEAN, a hundred million people in ASEAN are employed as small farmers. One-third of the labor force of ASEAN. If you get them the kind of
tools I just described and their productivity gets enhanced, huge opportunity of growth. And third, primary health care. The example in
Indonesia, each primary health care clinic has a nurse, a medical diagnostic technician and a midwife. That's three jobs. You connect that to
regionally to doctor, you see what I mean?
QUEST: Yes!
BANGA: Tourism big multiplier, and then the last one, value-added manufacturing, the emerging markets are host to minerals and metals that we
all need in the developed world.
[16:15:10]
QUEST: Only if the developed world allows those countries and manufacturers to put the value added in, and we don't get a repeat of chocolate.
BANGA: Agreed with you completely, and you will find that a lot of the developed world, from the U.S. to Japan, are all talking about value-added
manufacturing.
I will give you an example. The Lobito Corridor, we are all discussing in Africa; DFC of the U.S., the Europeans, the Italians as well as the
Japanese and us and the AFDB are all working together to connect Angola and Zambia and DRC to help get to those corridors.
(END VIDEOTAPE)
FOSTER: The President of the World Bank speaking to Richard there.
Now, when we return, the attorney for Cornell University's Jane Doe says she has received dozens of threats since suing the school. New York may
soon have a law to prevent that type of online harassment.
After the break.
(COMMERCIAL BREAK)
FOSTER: Breaking news on the health of Pope Leo.
The Vatican says that the pontiff had the lower lobe of his right lung removed during surgery, and was diagnosed with a common form of lung
cancer.
Christopher Lamb this is, on the face of it, very shocking news. We are getting confirmation that he has cancer. I mean, how do we read this?
CHRISTOPHER LAMB, CNN VATICAN CORRESPONDENT: Well, yes, obviously quite shocking news that the Pope has been diagnosed with this cancer. The
statement from the Vatican issued by doctors saying that the Pope has been found or the growth that was removed on the Pope's lung has been found to
be pulmonary adenocarcinoma, which is a form of lung cancer.
The statement from the Vatican doctors or the doctors at Gemelli Hospital, saying that this was removed during the surgery, which took part of the
lower lobe of the right lung out, so this statement, obviously coming as something of a shock, but at the same time, if you look at what the Pope
said on Sunday in St. Peter's Square, he said that this growth on his lung had been detected early and was localized. So there perhaps was some
suspicion that this could be cancerous. This could be malignant given that the decision was by the doctors to operate on it.
[16:20:13]
Now, we don't know what's going to happen next. We know that the Pope is going to spend around a week in hospital, but we are not sure if there is
going to be further treatment or additional tests, but at the moment, we are being told that the growth that was removed in the Pope's lung -- on
the right lung, was found to be cancerous.
And so just processing this news at the moment, this statement just in from the Vatican, the Pope here at the Gemelli Hospital following surgery that
took place on Tuesday afternoon by a team here at this hospital and then releasing this information about the surgery and the tests that were done
on what was removed from the lung, and that has found to be cancerous.
FOSTER: Yes. I mean, the underlying message from this statement is alarming, isn't it? But we will wait to hear more.
But just on the practicalities now, he is out of action for the rest of the week. How does -- you know, what's the plan for that? What would normally
happen in this situation?
LAMB: Yes. I mean his engagements have been canceled until the 20th of October and that was kind of planned when he was going to go into hospital.
That was announced by the Vatican. You know, I did speak to a lung expert who said that if this was going to be cancer, then the survival rates or
the success rates are pretty good, and as the Pope said on Sunday, this has been identified early.
FOSTER: Okay, Christopher, thank you very much. I know that news has just come in, but we are going to keep following this over the hours, trying to
understand it a bit better. Thank you.
Right now, though, Cornell University suspending all social events at campus fraternities for the rest of the academic year as part of the
school's response to allegations by a former student that she was gang raped at a fraternity house in 2024.
The university's president also told the Cornell community that the school will provide better support to survivors of sexual assault. It comes too
late for the former student, though, who came forward with her allegations known only as Jane Doe in court documents.
Her attorney told CNN she has been subject to all kinds of harassment and abuse since.
(BEGIN VIDEO CLIP)
THOMAS GIUFFRA, JANE DOE'S ATTORNEY: Just before I got on with you, somebody called her, made a threat to shoot up her house, shoot her, her
mother, her father. She is calling the police as we speak now.
I am absolutely appalled that this has gone so far that people are doing this. But I see this fire of hate that's being fanned lately, and I am just
shocked.
She has had regular nasty e-mails calling her names, threatening her. She had one yesterday with three emojis with Colt .45s on them saying she
should be killed and things like that.
(END VIDEO CLIP)
FOSTER: Well, Jane Doe's attorney says she has also been threatened with doxxing having her identity revealed on social media, which would only
expose her to more online abuse, of course, and this kind of intimidation is often used to silence many victims of sexual assault or harassment.
New York State lawmakers have approved a bill that would give more protection to victims of harassment and stalking. It is called the CREEP
Act, and it would cover doxxing and cyberstalking.
State Senator Andrew Gounardes is leading the sponsor of that bill, and he joins me now.
Thank you so much for joining us, State Senator, just -- I wonder if I could get your reaction, first of all, that Cornell has canceled the
fraternity social events for the rest of the year. Is that something you welcome? What's your response to that?
STATE SEN. ANDREW GOUNARDES (D), NEW YORK: You know, it is my understanding that many of the Greek life events that happen up at Cornell actually
happen off campus. And so I don't know, just in the last hour or so that I've heard this news, what real impact that would have. I think it is a
good thing for the university to say they're doing, but I don't know.
I can't tell you with a straight face right now that it is actually going to have a meaningful impact on protecting students on campus from clearly
what is a very volatile and hostile situation, particularly for women who are vulnerable, Jane Doe and others now who might also have experienced or
could experience some other type of gender based or sexual violence.
FOSTER: Take us through this bill then that would give more protection to the next Jane Doe, hopefully.
[16:25:01]
GOUNARDES: So the CREEP Act was passed with one goal in mind: To make it easier for the victims of stalking or harassment or doxxing or cyber
stalking or cyber harassment to get an order of protection, you know, against the person perpetrating that type of violence on them.
You know, right now in the state of New York, we are one of seven states where if you want to get an order of protection, there are two ways to do
so. If it is a family member or an intimate partner, you can walk into Family Court in the morning and walk out of Family Court in the afternoon
with a piece of paper saying, this person has to stay away from you. This person has to stop doing certain things to you.
If they do not fall into either of those two narrow categories, if it is someone, a jilted lover or someone you met on a dating app, someone who is
trying to stalk you online or harass you online, someone you maybe have not met in person, you have very little recourse except to call the police,
hope that the police take your complaint seriously over and over and over and over again, wait for someone to potentially threaten to commit a crime
on you, against you, and then try to get an order of protection from the Supreme Court in New York. That could take months, if not years. And as we
learned very clearly from the Cornell case, police are very often not going to take those cases seriously.
So the CREEP Act makes it easier to obtain what is called a Civil Order of Protection in the New York State Civil Court System, where you can walk in
with the help of a lawyer, of course, and get an order of protection against someone who is stalking you, harassing you, doxxing you, online
bullying, online harassment, et cetera.
FOSTER: And take us through this doxxing issue. I mean, it is very complex, isn't it? And it will be complex for the police to deal with. There are
protections for people who suffer sexual assault in terms of their identity being revealed. But, you know, it isa free-for-all it seems on social
media. So many of those laws seem outdated and you're trying to deal with that specifically.
GOUNARDES: That's exactly right. We are seeing this happen to Jane Doe now. We're seeing -- we've seen this happen time and time again where oftentimes
it is women who are the victim of some type of sexual violence or gender- based violence, whether it is a rape or some other type of sexual assault, they will have pictures of them shared online. They'll have people try to
figure out who they are, where they go to school, who their family members are, what businesses their families own, and they will just do this all on
assault, on their reputation to try to discredit them, minimize them, dehumanize them over and over and over and over again.
And there's very little recourse right now, unless the behavior crosses the line into which a crime is threatened. So if they say, "I'm going to come
shoot you," maybe then the police will take it seriously. But if they don't cross that line, but they otherwise engage in incessant stalking behavior,
incessant abusive behavior, online or offline, you have to try to get the police to take that complaint seriously.
And so, you know, if it were not for these death threats that the lawyer for Jane Doe just described a few minutes ago on your show, you know, the
police might not take these complaints seriously. They didn't take her complaints about sexual assault seriously in the first place.
And so victims are left in this very vulnerable position where the law has simply not caught up to the times in order to provide victims the type of
protection that they need.
Forty-three other states have adopted a process to allow for a Civil Order of Protection, specifically in contexts like this, like stalking, like
harassment, like doxxing, like cyberstalking. New York is in the vast majority of states who has simply not progressed into the 21st century,
into the digital age where so much of our interpersonal relationships take place or originate or start or flourish, or the harassment occurs. And
that's really why we think it is so critical that the governor signs the CREEP Act into law, so that victims like Jane Doe and others have the force
of law protecting them.
FOSTER: State Senator, I really appreciate you joining us and talking us through that effort to improve things in New York. Thank you.
GOUNARDES: Thank you.
Now, when we return, Bank of England Governor Andrew Bailey warn that A.I. poses severe risks to the global financial system. Richard asked him
whether the economic benefits of A.I. are actually worth the risks.
(COMMERCIAL BREAK)
[16:32:35]
FOSTER: Let's go back to our breaking news on the health of Pope Leo. The Vatican says that the pontiff had part of his lung removed during surgery,
was diagnosed with a form of lung cancer.
Dr. Jonathan Reiner, a CNN medical analyst, joins us now.
I think you've had a chance, haven't you, to look through this statement from the Vatican? How serious is it?
DR. JONATHAN REINER, CNN MEDICAL ANALYST: Well, I mean, it's hard to know. I think the -- for any patient who is diagnosed with lung cancer or any
cancer for that matter, prognosis depends on staging and how early the cancer has been found. And the Pope's initial statement when he announced
that he was going to have the lesion removed stated that it was found early. And if that is indeed the case, then that is very good news.
Lung cancer is curable at an early stage. And the prognosis for patients with lung cancer has changed dramatically in the last several years. Lung
cancer, many patients now will have basically a cure. About 30 percent of patients diagnosed with lung cancer will be alive five years after
diagnosis for all comers, higher for patients who are caught early. So how the Pope will do and what his treatment will need to be following surgery
depends entirely on how early this was caught.
Was it contained in the lung? Was there spread to any regional structures or lymph nodes or distant areas? And if none of that has happened, then the
Pope should do quite well.
FOSTER: So we're told that the lobe revealed evidence of pulmonary adenocarcinoma. And we're being told that's a common type of lung cancer.
REINER: Right. So (INAUDIBLE) two, you know, main types of cancer that are in the lung that along with squamous cell carcinoma. The -- you know, the
important pieces of data that will need to be obtained is whether or not there's any evidence of spread of the cancer into regional lymph nodes.
FOSTER: In terms of, you know, they found a lobe and they've removed that. They clearly, you know, what would they be going back now having discovered
it's cancerous to check for more?
[16:35:04]
I mean, what would be the follow-up procedure? We're told he's in hospital for the week.
REINER: Probably not. And the other thing we don't know, Max, is the extent of the testing that he had prior to having his surgery. So, you know, he
would have -- besides a chest x-ray, he obviously would have had a CAT scan. It's also possible that he might have had something called a PET CT,
which uses basically metabolic imaging to understand whether there's any spread of tumor outside of a localized area.
So he may have had more imaging, which would have helped guide the surgery. And the surgeons also likely would have taken lymph nodes to help
understand spread. So it would be unlikely that he would require more surgery now. The question is whether he will require treatment, such as
radiation therapy or chemotherapy or now immunotherapy.
FOSTER: Yes. So we were told it was removed by video assisted surgery. If he doesn't need any follow-up treatment, presumably he just needs to
recover from that invasive treatment, as it were. And then he shouldn't -- he should be fine to go back to work. Right?
REINER: Correct. And even if he needs to undergo, you know, further treatment, many people who are undergoing further therapy for lung cancer
can go back to work, you know, in between treatment, depending on what he would be receiving.
The video assisted thoracoscopic surgery, what we refer to as VATS surgery, basically involves rather than making a large incision in the chest and
spreading the ribs smaller, basically ports are used to put scopes and tools to access the lung without having to do a very extensive surgery.
Patients are typically kept in the hospital about, anywhere between, you know, four days to seven days until basically the lung and the chest heals.
And they're able to take what's called a chest tube out, which drains air out of the lung, out of the chest cavity after lung -- after the lung has
been operated on. And every patient sort of progresses at their own rate. The good news is that, you know, the Pope is young. I believe he's 71 or so
and has been in excellent health. He plays tennis. We don't know of any other really major medical issues or pulmonary problems. And somebody of
the Pope's age and fitness should recover quite quickly.
FOSTER: OK. Dr. Jonathan Reiner, appreciate your thoughts on that. We've only just had the information, but thank you for going through the main
points of it with us.
Now, our ongoing tensions in the Middle East are causing major setbacks for airports in the region. That's helped one major hub in Istanbul gain
traffic. I'll talk to the airport's CEO next.
(COMMERCIAL BREAK)
[16:40:45]
FOSTER: Airspace over the Middle East is facing major disruption amid a series of recent Houthi missile attacks on Saudi Arabia, adding to broader
pressures in the region. One analyst says Istanbul's international airport is actually benefiting from these tensions thanks to Turkey's geopolitical
and diplomatic position. IGA's capacity for growth is also an edge over regional competitors.
The airport opened its fourth runway last month and has overtaken London Heathrow as the best connected hub in a ranking of top airports.
Let's speak to Selahattin Belgin, the CEO of IGA Istanbul Airport.
Thank you so much for joining us. I mean, obviously, you don't want to be seen to be benefit from this crisis in the Middle East, but it does go to
show how you've stepped in to support air traffic, you know, to support that region.
SELAHATTIN BILGEN, CEO, IGA ISTANBUL AIRPORT: Actually, this has impacted us in different directions. Being the best connected airport in the world
has obviously helped us to take some part of the traffic from the destinations going from west to east or the east to west. But Istanbul has
been the gateway for many countries in the Middle East and Africa. So the tensions in the Middle East has caused some cancellation of the flights.
Therefore, the overall impact has been not that positively. To be honest, we were targeting to reach 90 million passengers this year, but we have
revised our forecast to reach 86 million now.
FOSTER: As you say, you're often called the best connected airport. You have four runways now. What is the ambition here? What do you want to be?
What's the vision for this hub?
BILGEN: Actually becoming the best connected airport in the world has been a subsequent achievement, which came after becoming the busiest airport in
Europe in terms of passenger numbers, the busiest airport in terms of air traffic movements. And we also surpassed Frankfurt last year and became the
busiest cargo hub in Europe. And that has been the result of long-term planning and capacity build-up, which came together with the traffic
growth.
And our fourth runway, as you said, has been opened this September, will be supporting us in our operations in putting additional capacity for the air
traffic movements, as well as providing efficiencies. Istanbul Airport's success has been the result of several factors, including the investments
which helped us to capture the demand. But this also has been coupled with other factors like being -- having efficient operations and we have been
able to attract more than 110 airlines, which helped us double the number of airlines in our airport. So this fourth runway will be a part of
providing new value to our airlines.
FOSTER: OK. Selahattin Bilgen, the CEO of IGA Istanbul Airport, thank you so much for joining us on QUEST MEANS BUSINESS tonight.
Now, Six Flags under scrutiny after a man died on a roller coaster at its Georgia theme park. I'll speak to a professor who's an expert on these
types of incidents after the break.
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[16:47:25]
FOSTER: Russia launched a wave of attacks on Ukrainian transportation and logistics sites overnight. It is the first time energy sites were spared
since President Trump's surprise energy ceasefire announcement over the weekend. Still, parts of Ukraine's power grid are severely strained.
The CEO of DTEK, Ukraine's largest private energy company, told Christina Macfarlane getting his company's power stations back online is not easy.
(BEGIN VIDEO CLIP)
MAXIM TIMCHENKO, CEO, DTEK: They're trying to break our energy system, interconnection between different regions. And this is the key challenge
for us, how to reconnect our power station back to the grid as soon as possible. And basically talking about coming winter, it's not -- the
question is not whether we have blackouts or not. It's the question how we can minimize suffering of our people, our companies, and our economies.
(END VIDEO CLIP)
FOSTER: Ongoing fighting in Ukraine is also taking a toll on local sporting events. It's been more than a decade since the football club Shakhtar
Donetsk has played a match at its home stadium, and now a British team is opening up its doors as a temporary base.
Christina Macfarlane reports.
(BEGIN VIDEOTAPE)
CHRISTINA MACFARLANE, CNN CORRESPONDENT (voice-over): This team haven't been able to play at home since 2014. After being forced to flee their
stadium following the annexation of Crimea, the players have crossed the border hundreds of times to compete in one of football's most prestigious
tournaments.
UNIDENTIFIED MALE (through text translation): How many hours have we been driving?
UNIDENTIFIED MALE (through text translation): I'm not counting. I stopped counting after five hours.
UNIDENTIFIED MALE (through text translation): Five, yes. We haven't even crossed the border into Poland yet.
MACFARLANE (voice-over): Ukrainian side Shakhtar Donetsk are used to going the extra mile to play their football.
UNIDENTIFIED MALE: Finally, we come to London.
SERHII PALKIN, FC SHAKHTAR DONETSK, CEO: Travel issue is the biggest problem what we have because sometimes to reach our final destination to
play Champions League games, we can spend even two, three days.
MACFARLANE (voice-over): This season, Shakhtar Donetsk have traded their destroyed Donbass Arena for a stadium at one of the most famous clubs in
the Premier League. After failing to qualify for the Champions League this season, Chelsea's owners came to an agreement for the Ukrainian club to
host its four home matches at the bridge, which would include a clash against the likes of Kylian Mbappe and Jude Bellingham when they faced Real
Madrid in January.
PALKIN: For us, London is football capital of the whole world, and Stamford Bridge, it's great legendary stadium, and for us it's very important to be
here, and for our players it will be additional motivation to show attracting beautiful football like in our DNA.
[16:50:10]
MACFARLANE: Well, and there's a big Ukrainian diaspora here in London. I think there's something like 32,000 Ukrainians in London. Is this a chance
as well for you to connect with them?
PALKIN: For us, it's very important to give them this breath of air, you know, that Ukraine come here.
MACFARLANE (voice-over): Although the fans will be able to support the team in a home stadium, they won't be able to buy a home shirt.
So tell me why it's the away kit and not the home kit right now.
PALKIN: Because one month ago, we got a call from Puma, Puma Ukraine, and they saying us, can you please take some part of your T-shirts and away
from our warehouse because we have chance that it will demolish. And can you imagine in two days, this warehouse was completely demolished by
Russia? And Puma lost everything.
MACFARLANE (voice-over): The opportunity is driving business, too. Club sponsor DTEK is Ukraine's biggest private energy firm. Its CEO, Maxim
Timchenko, believes now is the time to invest in Ukraine.
TIMCHENKO: It's very symbolic for us to be to -- to have our appearance, appearance of company brand for the first game here in such a legendary
stadium to deliver our message to hundreds of millions of people in the world that Ukraine is not only the country where we're fighting, where
we're surviving, but the country where we invest in the future.
MACFARLANE (voice-over): A season spent at Stamford Bridge will be a memorable chapter in the history of this Donetsk club, but the goal is
always to return home.
PALKIN: Even now, from time to time, I switch on TV and switch on video and watching how our fans supported us in Donbass Arena. It was amazing. You
cannot compare emotionally with anything you know you have, because home is home.
MACFARLANE: You believe you will return?
PALKIN: It's our dream.
MACFARLANE (voice-over): Christina Macfarlane, CNN, London.
(END VIDEOTAPE)
FOSTER: Shares of Six Flags Entertainment sold off after a deadly incident yesterday on one of its roller coasters. They finished the day more than 14
percent lower, which erases about $170 billion from the company's market value. The death at its Georgia amusement park is not just the latest
incident for Six Flags. It permanently shut down its most famous roller coaster last month after a CNN investigation linked that ride in California
to a series of life-altering injuries. After yesterday's death, Six Flags closed nine more rides across its parks.
Brian Avery is a professor at the University of Florida who specializes in ride safety and risk management.
Thank you so much for joining us, Professor. I mean, this latest incident, what do you think there is to explain it?
BRIAN D. AVERY, PROFESSOR, UNIVERSITY OF FLORIDA: It's difficult to explain fully at this point. Obviously, it's easily understood that a tragic set of
circumstances of ultimately, you know, resulting in the death of a patron and the injury of about four others is my understanding. Not to mention
those that actually witnessed the fallout from this. So at this point, there's going to be a series of investigators that assist in trying to get
to the root cause of why this happened.
You might have agencies in the state of Georgia conducting outside inspections. You might have Six Flags officials there doing an internal
audit. Outside third party engineers or inspectors might be invited in as well. There could be some authorities having jurisdiction and-or if
litigation is on the horizon. In any capacity, there might be outside experts that are brought on board representing both the family and-or the
park.
So this is going to be a long form investigation getting to the root of why this happened so this never happens again.
FOSTER: It was, you know, this ride only has one point where you're secured into the seat rather than two. Is that an issue do you think?
AVERY: Not necessarily. There's a lot of redundancy built into the systems in and of itself. The type of harness was a waist harness that sits on the
top part of the thigh. Rest portion around the stomach, but you're in a scalloped seat back, pretty firm against the back end of that seat. And you
should be compressed into it while you're experiencing the ride.
Now, if there was a failure in some capacity with respect to the restraint, trying to get to the bottom as to why that happened is going to be
critical. Was this operational in nature? Was this maintenance related? Was this a defect in some sort of product related concern? But beyond that, you
know, understanding that there has not been widespread adoption of secondary restraint systems in the sense of like a lap belt or safety seat
belt style, all around the waist or some other portion of the body.
[16:55:07]
And we do a lot with respect to the design and-or engineering aspects of it, and there's specific responsibilities under our standards to conduct an
analysis of the seats and the containment to identify hazards. So this ride has been around since 2006, and it's had a very successful run. So why this
happened, you know, yesterday is going to be a very important question to get to the bottom of so that, you know, we don't have any other incidents
involving any other rides or any like or similar types of devices that do exist.
FOSTER: This is an issue obviously with the industry, isn't it? Because there will be problems. These are mechanical systems and there will be
mistakes, but it's a leisure activity and there's zero tolerance for any mistakes because they can be so severe. You know, they're not minor
injuries that we've had in the past have been very severe in injuries, and you know, now we've got a death. But, you know, there's no room for that at
all in this industry, is there? That's the challenge here.
AVERY: Yes. It's very devastating when we have these types of incidences and widespread attention is provided. Now, obviously you never want to have
anyone die in the act of having fun at an amusement ride or park. I think every organization has their best interest not to have that happen and
mistakes do occur. It's trying to determine why they have happened so they don't happen again.
There's a lot of policies and procedures out there, but unfortunately, across the board, we don't have a lot of uniformity. We have not federally
adopted or mandated standards in all spaces. It's a state by state adoption, either whole or in part of the standards that we have promulgated
as an industry under ASTM. There's some carve outs even in certain states, but most large park operators are responsible for their own safety and
self-regulation.
And then occasionally you'll have an outside entity conduct an annualized review for permitting processes. But we're really looking at the nuts and
bolts in that situation. And an inspection is really only valuable at the time of the actual inspection. After that, things change. So this has to be
constant ongoing monitoring to get to the base of these issues.
FOSTER: Absolutely. Professor, really appreciate you joining us today on that tragedy and taking us through what we're likely to see in the follow
up. Appreciate your time.
That is QUEST MEANS BUSINESS. I'm Max Foster. "THE LEAD WITH JAKE TAPPER" is next.
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END
