WEBVTT

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>> EACH WEEK A GROUP OF INSIDERS
JOINS ME TO OFFER PERSPECTIVE ON
SOME OF THE WEEK'S TOP STORIES.
THIS WEEK WE'RE SOUNDING OFF ON

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THE CORONAVIRUS AND ITS IMPACT
ON INDIANA'S ECONOMY AND A LOT
MORE.
JOINING ME ARE FAEGRE DRINKER

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BIDDLE AND REATH PARTNER, MURRAY
CLARK, FIRSTPERSON MANAGING
DIRECTOR AND EXECUTIVE VICE
PRESIDENT, PAUL ASHLEY AND

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BUSINESS FURNITURE CEO, MARY
BETH OAKES.
WELCOME ONE AND ALL TO THE
INSIDERS FOR ANOTHER EDITION,

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CORONAVIRUS IS DOMINATING THE
NEWS, SO WHY NOT DOMINATE THE
INSIDERS THIS WEEK. MURRAY,
GLOBAL ATTENTION, BUT ALSO AND -

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INCREASINGLY IN INDIVIDUAL
STATES LIKE INDIANA,
MANUFACTURING STATE, WHAT WILL
THE IMPACT BE ON SUPPLY AND

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GOODS AND PRODUCTS COMING INTO
THE MANUFACTURERS, ALL THOSE
TYPES OF THINGS, AS YOU LOOK AT
THIS, WHERE DO YOU SEE IT GOING?

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>> SO, PUBLIC HEALTH ASIDE, I
THINK YOU'RE RIGHT ON THE
ECONOMIC SIDE, IT'S ABOUT THE
SUPPLY CHAIN, AND OF COURSE,

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CHINA AND PACIFIC RIM, YOU KNOW,
IS UNDER A REALLY ECONOMIC
LOCKDOWN. I'M TOLD OR LED TO
BELIEVE AND I HOPE THAT CHINA'S

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GOTTEN THROUGH THE INFLECTION
POINT ON NEW INFECTIONS AND IS
STARTING TO OPEN UP PLANTS AND
START MANUFACTURING AGAIN. I

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HOPE THAT'S THE CASE, BECAUSE I
THINK THAT WILL BE VERY HELPFUL.
THERE'S STILL OBVIOUSLY A LOT OF
UNCERTAINTY IN THIS COUNTRY AND

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NORTH AMERICA, AND SO FORTH.
HOPEFULLY THEY'VE TURNED THE
CORNER ANYWAY.
>> DO YOU THINK IN TERMS OF THE

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IMPACT THAT UNCERTAINTY,
ESPECIALLY AS IT RELATES TO
CONSUMER CONFIDENCE, WE SAW WHAT
THE MARKETS HAVE DONE THESE WILD

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SWINGS UP AND DOWN. BUT THAT
COULD BE ULTIMATELY THE BIGGEST
IMPACT IS ON THE CONSUMER, AND
WILLINGNESS AND WANTING TO SPEND

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AND DO THE THINGS THE CONSUMER
HAS DONE THE LAST DECADE FOR
RECOVERY.
>> ON THE HEALTH SIDE YOU'RE

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TALKING ABOUT A VIRUS MORE
LETHAL THAN THE COMMON COLD OR
COMMON INFLUENZA, BUT LESS
LETHAL THAN MANY OF THE

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PANDEMICS WE'VE SEEN THE LAST 25
YEARS, SARS, EBOLA, VERY
INFECTIOUS, YOU CAN HAVE IT AND
NOT SHOW SYMPTOMS, THERE IS SUCH

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UNCERTAINTY WITH IT.
>> AND CERTAINLY ONE IMPACT ON
BUSINESS IS ON TRAVEL. ON TRAVEL
IN GENERAL. BUSINESS IS

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LOOKING -- GLOBAL IN CARMEL
REALLY REDUCING TRAVEL AROUND
THE COUNTRY AND GLOBE FOR THEM.
MARY BETH, SOMETHING THAT HAS

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IMPACTED YOU.
>> WE HAVE SUPPLIERS OUT OF
CHINA, THAT DO BUSINESS IN
CHINA, AND OUR LENDER, OUR BANK

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ACTUALLY CALLED ME MONDAY
MORNING TO FIND OUT IF WE'D BEEN
FEELING THE IMPACT OF THAT YET?
AND WE HAVE NOT. AT THIS POINT,

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YOU KNOW, WE DON'T SEE ANYTHING
SLOWING DOWN WITH PRODUCTS BEING
SHIPPED TO US. WE HAVE NOT BEEN
NOTIFIED. REALLY THE SUPPLIERS

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ARE JUST TALKING ABOUT THE SAME
THINGS WE'RE TALKING ABOUT,
BUSINESS TRAVEL, HOW DO YOU STAY
CONNECTED, HOW DO YOU KEEP THE

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OPERATIONS GOING, BUT NO DIRECT
IMPACT YET.
>> AND YOU HAVEN'T REDUCED
TRAVEL. BUT SOMETHING YOU'RE

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OBVIOUSLY --
>> YEAH, WE HAVE NOT CHANGED ANY
OF OUR PLANS. I TALKED TO A LOT
OF OUR CLIENTS WHO ARE GLOBAL

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COMPANIES. AND NONE OF THEM SEEM
TO BE FEELING THAT IMPACT YET OF
THE SUPPLY CHAIN. IT IS REALLY
MORE JUST ABOUT BEING MINDFUL

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ABOUT BUSINESS TRAVEL, BEST
PRACTICES FOR EMPLOYEES. HOW DO
YOU HAVE SOME CONTINGENCY PLANS
THAT YOU'RE THINKING ABOUT IF

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SOMETHING WERE TO SHIFT INTO OUR
STATE.
>> PAUL, YOU HAVE SEEN IMPACT.
>> YEAH, WE HAVE. TUESDAY, WE

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GOT WORD FROM OUR GLOBAL
NATIONAL AFFILIATION, NFP THAT
SAID HEY WE'RE NOT GOING TO HAVE
OUR CONFERENCE, WHICH WAS SET TO

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BEGIN NEXT MONDAY THROUGH
WEDNESDAY. AND WE THOUGHT THAT
WAS ODD BECAUSE IT'S ALL 1,200
DOMESTIC FOLKS AND REALLY NO

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RESTRICTIONS. SO WE DECIDED TO
GO AHEAD AND KEEP THE PLANS AND
USE IT AS A CHANCE TO WORK ON
OUR BUSINESS, NOT IN OUR

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BUSINESS, AND MEET DIRECTLY WITH
THOSE HEADQUARTERED THERE.
WE MIGHT COME OUT AHEAD AND HAVE
A BETTER EXPERIENCE. FELT ODD,

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HEADED TO A PLACE LIKE AUSTIN,
TEXAS, NOT AN EPICENTER, FELT
ODD THAT THEY WOULD CANCEL IT.
>> A STORY WATCHING IN THE

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COMING WEEKS. MOVING ON TO
EDUCATION, A BIG EDUCATION STORY
THIS WEEK WITH DEPAUW UNIVERSITY
NAMING ITS 21st PRESIDENT FROM

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WASHINGTON UNIVERSITY IN ST.
LOUIS, LORI WHITE, A BACKGROUND
IN EDUCATION. MARY BETH, YOU ARE
A DEPAUW GRAD, PROUD ALUM.

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>> I AM. SO EXCITED. I THINK IT
IS GOING TO BE A REALLY, A NEW
START FOR DEPAUW. DEPAUW IS
THINKING ABOUT HOW TO GROW

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ADMISSIONS, FUNDRAISING, AND I
THINK SHE IS GOING TO BE THE
SECRET SAUCE TO ALL OF THAT. I
THINK THE ALUMNI ARE RALLYING

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AROUND HER, I'VE HEARD SHE HAS A
REALLY STRONG STUDENT FOCUS, AND
TRYING TO UNDERSTAND HOW THEY
WANT TO LEARN, HOW DO THEY WANT

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TO ENGAGE WITH EACH OTHER, I
THINK SHE'S GOING TO EVEN BE
THINKING ABOUT EXPERIENCES, AND
HOW TO MAKE THOSE EXPERIENCES

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BETTER FOR STUDENTS. AND
ULTIMATELY HOW TO GET ALUMNI
LIKE MYSELF TO RALLY AROUND THAT
TO HELP HER REALLY FOCUS ON THAT

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EFFORT. EVEN LIKE IN THE
CLASSROOMS, RIGHT, TAKING THEIR
CLASSROOMS TO THE NEXT NOTCH. SO
THERE'S A LOT OF COMPETITION.

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DEPAUW, WHEN I WAS THERE THEY
DIDN'T HAVE THE SAME KIND OF
COMPETITION, TODAY THEY'RE
COMPETING AGAINST IU AND PURDUE.

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>> AND COMPETING FOR
COMPETITIONS. THE JOB, THE
UNIVERSITY PRESIDENT, WHETHER
PRIVATE OR PUBLIC, IS ABOUT

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FUNDRAISING.
>> DEPAUW IS SO IMPORTANT TO
THIS STATE. I WISH THE NEW
PRESIDENT WELL, HER PEDIGREE IS

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EXTRAORDINARY, IT IS ABOUT
RAISING MONEY. AS WE WERE
TALKING ABOUT, PROVIDING A NEW
EXPERIENCE IN THE CLASSROOM, AND

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SO FORTH WILL BE COSTLY, SO IT
IS ABOUT FUNDRAISING. IT IS
ABOUT PUTTING -- YOU KNOW WHAT'S
IN SEATS. THE ALUMNI FOR DEPAUW

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IS SO STRONG IN THIS STATE, AND
IT'S A WELL ENDOWED UNIVERSITY.
SO FINGERS CROSSED.
>> HOPING SHE CAN TAKE THAT

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STORY AND REALLY ARTICULATE TO
TO ALUMNI SO THEY ARE COMPELLED.
>> BREAKS TWO BARRIERS, FIRST
FEMALE PRESIDENT, AND FIRST

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AFRICAN-AMERICAN.
>> NO QUESTION.
>> SUPER EXCITING.
>> ON THE ECONOMIC DEVELOPMENT

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SIDE, A COUPLE OF BIG STORIES,
MEDICAL DEVICE MAKER GROWING IN
HUNTINGTON, INCIPIO DEVICES
PLANNING TO INVEST ABOUT 14

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MILLION. ANOTHER ONE, PAUL, IN
SOUTHERN INDIANA, HOME DECOR
COMPANY MOVING TO FRENCH LICK,
50 JOBS, A NICE DEAL THERE. AND

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THEY'RE USING THAT ANNOUNCEMENT
AS ONE OF THE THINGS TO PROMOTE
THIS NEW HIGHWAY, MID STATE'S
CORRIDOR WHICH WOULD CONNECT

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SOUTHERN INDIANA WITH I69, TOWNS
LIKE FRENCH LICK, JASPER AND
BEDFORD, A LOT OF PEOPLE SAY
IT'S GOING TO BE CRITICAL.

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>> IT IS GOING TO BE CRITICAL.
YOU HAVE A BOSTON BASED COMPANY
IN FRENCH LICK.
>> NOT THE FIRST TIME FRENCH

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LICK AND BOSTON HAVE HAD A GOOD
EXCHANGE.
>> ABOUT TIME THEY RECIPROCATED.
>> WE SEND THEM LARRY AND THEY

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GIVE US A GREAT COMPANY. THE
INFRASTRUCTURE, AND
INTERCONNECTING CERTAIN MORE
RURAL AREAS THAT HAVE GOOD

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ECONOMIC OPPORTUNITY IS HUGE FOR
THE STATE. CENTRAL INDIANA, WE
TAKE THAT FOR GRANTED, AS THE
CROSSROADS OF AMERICA, AND

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SOUTHERN INDIANA, THIS IS A
GREAT LINCHPIN FOR THEM TO PIVOT
OFF.
>> A GREAT EXAMPLE OF THAT

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CONNECTIVITY, EAST INDIANA, AND
MURRAY, YOU'RE VERY FAMILIAR
WITH RIVER RIDGE COMMERCE
CENTER. ALONG THE OHIO RIVER

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BRIDGE, THAT HAS SPARKED
INCREDIBLE DEVELOPMENT IN
SOUTHEAST INDIANA, AND PUT THAT
AREA ON THE MAP. I THINK ALL

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OVER THE COUNTRY.
>> RIGHT. AND THAT LED TO THE
CONSTRUCTION OF THE EAST END
BRIDGE, WHICH IS AN

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EXTRAORDINARY BRIDGES BY THE
WAY, IF YOU HAVEN'T BEEN ACROSS,
SO THAT HAS REALLY BEEN
TRANSFORMATIONAL DOWN THERE IN

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THE SOUTHEASTERN PART OF THE
STATE.
>> FINAL WORD, MARY BETH, THE
CHILDREN'S MUSEUM, SUCH AN ASSET

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FOR INDIANAPOLIS, GOTTEN SO MANY
AWARDS AND ACCOLADES. THIS WEEK,
USA TODAY'S TEN BEST READERS
CHOICE TOP BUSINESS CHILDREN'S

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MUSEUMS, NUMBER ONE.
>> NUMBER ONE, FINALLY. THIS IS
LONG DESERVED RECOGNITION. WE
KNOW THAT WE HAVE THE BEST

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QUALITY. THE THINGS THAT HAPPEN
THERE EVERY DAY, AND THEN ALL
THE SPECIAL EXHIBITS.
>> BUT THERE IS A REAL

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IMPACT -- ECONOMICALLY.
>> ABSOLUTELY.
>> QUALITY OF LIFE AND ALL THOSE
TYPES OF THINGS.

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>> QUALITY OF LIFE, THINGS LIKE
THAT, OUR ZOOKEEPERS -- ZOO, IF
YOU THINK ABOUT BRING YOUNG
ADULTS HERE, AND YOUNG ADULTS

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THAT WANT TO STAY AND RAISE
FAMILIES, PERFECT.
>> 30 SECONDS, MURRAY, THE LAST
WORD ON THE NFL COMBINE, JUST

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WRAPPED UP. FOLKS FROM DALLAS,
AND L.A., AND LAS VEGAS, I THINK
WERE HERE SNOOPING AROUND, CAN
INDIANAPOLIS KEEP IT?

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>> I HOPE SO. AND WE'LL
SURE -- YOU KNOW HOW WE PITCH
BIG SPORTING EVENTS. I HAVE
FAITH IN SPORTS CORP. BUT IT

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WILL BE DIFFICULT.
>> LOT OF PEOPLE AFTER T. GREAT