03x06 - Nikki Beach, or: So Many Ways to Lose

[bunniefuu]

[UPBEAT SYNTH MUSIC PLAYING]

[WATER SPLASHING]

[LOUD BANGING ON DOOR]

CHARLES HANANI: Mina?

[LOUD BANGING ON DOOR]

[SPEAKING SPANISH]

[LOUD BANGING CONTINUES]

- [GRUNTS]
- [PANTS, YELPS]

CHARLES: [IN ENGLISH]
Ducky, please open the door.

Please don't call me that.

No, get out! Out! Out of my room!

I need to talk to you.

Hey.

I'm sorry.

[GUESTS CHATTING INDISTINCTLY]

Hey.

[CHARLES SNIFFLES]

For the first five years of your life,

you were attached to my lap.

And then you'd cry and cry and cry

whenever anyone tried to separate us.

I have no memory of ever loving you.

[SNIFFS]

[SPEAKING SPANISH]

[IN ENGLISH] The captain's
bringing up the anchor.

Checks complete.

The guests are partying below deck.

[UPBEAT SYNTH MUSIC CONTINUES PLAYING]

[CHARLES CHUCKLES]

♪ He is an Englishman! ♪

♪ For he himself has said it ♪

♪ And it's greatly to his credit! ♪

♪ He is an Englishman! ♪

[LAUGHS]

["NOT OVER YET" BY GRACE PLAYING]

CHARLES: Look at how
spectacular this all is.

Let's not spoil it by fighting.

Forgive me.

Please?

♪ I'd live for you ♪

♪ I'd die for you ♪

YASMIN KARA-HANANI: You're still hard.

♪ Do what you want me to... ♪

You wanted me to see it.

What are you talking about?

You wanted me to walk in on that.

'Cause you wanted me to see you.

You did it in my room!

You wanted me to see you with her.

Do you think that woman,

that f*cking girl, enjoyed that?

Do you think she liked
doing that with you?

"Happy is the horse that bears
the weight of Anthony... "

[SCOFFS]

Yeah, and how much did you pay her then?

Oh, I never pay.

Please! Your entire f*cking
life is a transaction!

Of course you paid. No one
would f*ck you for free.

All right, then.

I paid her enough not to care
that when I came in her mouth,

- I came like a f*cking bull!
- Do you have any idea

how badly you have failed as my father?

Does that even make you f*cking think?

It was the f*cking '90s!

You're a f*cking worm.

CHARLES: And you, look
at you prancing around

in your little bikinis
with everyone's eyes

looking at you like a f*cking wh*re!

There it is.

There it f*cking is.

Every relationship
that I have with a man

is so f*cked up because of you.

Because you are an animal!

The way you let your friends look at me!

The way you look at me.

Because that's all you have, Yasmin.

That's all you are.

And I may be old and
lonely and f*cking finished,

but you, you're young,

and you've got to live
the rest of your life

with the single, inviolable fact

that you are spectacularly talentless!

I speak seven f*cking languages!

[LAUGHS] What?

[CONTINUES LAUGHING]

I wish you would die.
I wish you would die.

It would be the most meaningful thing

you've ever done.

[SONG CONTINUES PLAYING]

CHARLES: Well, maybe I will.

YASMIN: Go on. f*cking do it, then.

Maybe I f*cking well will!

[WATER SPLASHES]

CHARLES: Yas!

Yasmin! Yasmin!

This isn't funny. Tell them to stop.

f*cking done my leg!

My hip!

f*cking help me!

Yasmin! Stop f*cking around.

Help me!

f*ck! f*cking come here!

[CONTINUES SHOUTING INDISTINCTLY]

Dad! Dad!

Dad!

CHARLES: Stop f*cking around!

- Yas!
- [PANTS]

f*ck!

[GASPS, SIGHS]

♪ 'Cause I can see through you ♪

♪ It's not over, not over ♪
♪ Not over, not over yet ♪

[YASMIN BREATHES HEAVILY]

♪ It's not over, not over ♪
♪ Not over, not over yet ♪

[UPBEAT TECHNO MUSIC PLAYING]

[GUESTS CHEERING]

[SOFT KNOCKING ON DOOR]

[DOOR OPENS]

Ugh! How long have you been in here?

Bro, the guy with the bowling ball gut

in the Speedo was, like... [CHUCKLES]

... feeding me cocaine

and talking to me like I was
one of the "link in bio" girls.

I swear to f*ck, I don't know
how you live through this.

Honestly, we need to get to dry land.

It's, like, un-f*cking-comfortable.

Yas?

Hey, what's wrong?

[BREATHES HEAVILY]

[SHAKILY] I, um...

He, uh...

[TENSE MUSIC PLAYING]

YASMIN: He jumped.

- Who? Who jumped?
- We were moving really fast.

Like, really fast.
There was just nothing...

There was nothing I could have done.

HARPER STERN: Who jumped? Who jumped?

My dad! My dad!

[SNIFFLES]

I left my dad in the water.

Do you mean when we left an hour ago?

[YASMIN PANTS]

HARPER: You didn't tell the captain?

Do you wanna turn around?

Did anybody see you?

[GENTLE MUSIC PLAYING]

I... I don't think so.

No, it was... we were upstairs.

And it was... It was really loud

down...

We're gonna take care of it.

Okay?

Yas, we had a party in your cabin.

- Just me and you, okay?
- [SHOWER RUNNING]

HARPER: I'm with you, I'm right here.

It's okay, it's all right.
You get in the shower now.

[SOFTLY] Okay.

That's all right?

You need to come back to me now, okay?

Because if you go out there like this,

people will start asking questions.

Okay?

I'm gonna take this off, is that okay?

Yes? Okay.

Are you with me? Can you
nod if you can hear me?

Yes? Yeah?

- [SIGHS]
- [MUSIC ENDS ABRUPTLY]

[CLOCK TICKING]

I wanna see him.

CORONER: With respect,
he won't be recognizable.

YASMIN: Can you leave me with him?

Thank you.

[EERIE MUSIC PLAYING]

Oh!

CORONER: [SOFTLY] There were no
personal effects, apart from his ring.

If you'd like it, we may
need to brutalize the body.

Why are you whispering?

He can't f*cking hear you.

[SNIFFLES] Yeah.

Yeah.

[SNIFFLES] I'll take everything.

[INTENSE TECHNO MUSIC PLAYING]

- James.
- [TECHNO MUSIC FADES]

Hi, Harper Stern. We, um...

We met at that Lansons'
Young Asset Manager breakfast.

- Right, yeah.
- [CHUCKLES]

- Hi.
- HARPER: Hi.

- Uh, Bellini's and bullshit.
- Yeah.

I'm sorry we didn't
get to speak properly.

Had a productive chat with Petra.

Uh, do you work around here?

No. I made the regrettable
Covid decision to move to Bruton

'cause "How To Spend It" told me to.

Imagine if you hadn't scaled
back your Lumi exposure,

you would have to sell at least

one of your three pied-à-terres.

I downsized to two when my wife died.

Oh, I'm sorry.

What for? It wasn't your fault.

Unless you drove the bus that hit her.

- Uh, that was a joke.
- [CHUCKLES]

She remains dead, however. Long illness.

My condolences.

JAMES ASHFORD: Yeah, it hit me for six.

Um, it's how I met Petra, actually.

We met in the lobby of the Priory.

Zopiclone and Lorazepam, for me.

Sorry, not being very discreet.

What was Petra doing in the rehab?

- Yeah...
- HARPER: Right.

Nah, it's... [CHUCKLES]

I'm doing due diligence
on a potential trade

and wondered, are you long...

were you long private ESG investments

and other ethical growth stocks,
like, more generally, or...

f*ck, no, no.

I mean, I had UBS Asset Management

trying to unload all of their holdings

of that gear onto me and anyone else.

I got out completely.

I have a friend whose
PE fund was blown up

by the Europa Gaz flop entirely.

Right.

Right.

Well, it was nice to see
you. I should probably...

Well, you were very prescient about ESG,

so if you ever wanna give me the tip

of LeviathanAlpha's next big idea...

I'd like a very cold martini at Duke's.

[UPLIFTING MUSIC PLAYING]

Yeah, I would like that.

- All right.
- It's nice to see you.

I need to talk to you
about the bond market.

- [UPLIFTING MUSIC CONCLUDES]
- PETRA KOENIG: Oh!

This early in the morning?

I think I just felt a
twinge between my legs.

I've heard there's been a
lot of senior-secured issuance

from banks recently.

A lot of banks issued debt

at low yields with light covenants,

and a lot of that debt
is about to reach maturity

and can't be refinanced.

[SIGHS] Go on.

I've been speaking to
corporate credit desks

to try and figure out whose
debt they most wanna get rid of.

There might be a time
b*mb in the sector.

Okay, you're speaking
in a very passive voice.

"I hear... " "There may be...
" Where is this coming from?

Um, where... I mean... [CHUCKLES]

Where does anything come from?

I've done the research
and I have a network.

[ENERGETIC MUSIC PLAYING]

I don't understand the trade.

James Ashford has also
said that those same banks

are doing their utmost to rid themselves

of these ESG private growth companies

that everyone was cuckoo bananas for

a few quarters ago.

Huh.

So you think the banks
are doubly exposed?

Maybe. I mean, how do we know

that they didn't take a load of debt out

to make a bet that
blew up in their face?

Which banks?

I have not figured that out yet.

Who's the Lehman? Who's the most f*cked?

- I don't know yet.
- [PHONE RINGING]

PETRA: I'm gonna call my contacts

on the corporate credit
desks across the street,

see if I can get a fuller picture

on how long they're into this debt.

Uh, by the way, I, um,
just wanted to ask, like,

is everything okay with you?

OFFICE ASSISTANT: Harper.

There's someone at the door for you.

Right.

- So you had to identify him?
- [INDISTINCT CHATTER]

No.

- Why did you go?
- I don't know.

I just went.

Well...

you know, maybe...

Maybe, this has given you some closure.

[SIGHS] No.

This is worse.

I really feel like he's won.

Yas, how could he win? He's dead.

You didn't see him.

Trust me, it's like he's
gonna live now in here forever.

He won.

PASSERBY: Oh, they've really
cleaned Shepherd's Market up.

I just wish people
would stop looking at me.

PASSERBY: It'd be a brass city
if people would pop out the office

for a Pret sandwich and a blowjob.

No one is looking at
you, and you have won.

You are here, he is not.

You won, okay?

- [CELL PHONE VIBRATES]
- Mm. Excuse me.

Hello?

Okay, I spoke to the
corporate credit guys

at Goldman, Barclays, and Deutsche,

and they all offered me
incredibly generous prices

for the pleasure of
taking Pierpoint's debt

off their hands.

- Okay, so you think Pierpoint...
- [ENERGETIC MUSIC PLAYING]

... has the biggest refinancing risk?

Yeah, let's call your
useful wallflower, Yasmin,

on their hedge fund sales desk,

set up a meet through her with
Pierpoint Asset Management.

See how deep in these busted ESG names

they actually are.

Can we, like, not do that?

Why?

HARPER: I just feel like maybe we need

to be a bit more tactful,

given my relationship with them

and what they're gonna
think when an anti-ESG fund

is suddenly interested in ESG names.

So, we say we're buying the dip.

It's all presentation. Pretense.

I thought you were
meant to be good at that.

Okay, um, can we just,
like, not use her?

She's just, like, going
through some stuff right now.

- I mean...
- Oh, come on.

Friendship and contempt
are just two sides

of the same coin.

I read all about her.

She was on that sordid,
seedy party boat.

Why does she even need a job in finance?

She's not like us.

Look, what you've potentially found here

is pretty remarkable, so
let's go test the thesis.

We take meetings with as many
sales desks as will see us,

and we say we're a buyer
of ESG names down here.

Find out who's got the longest list

of worthless names,

but we can't ignore your alma mater.

That would be rude.

Okay. No, I mean, you're
right. Of course, um...

Let me work an angle at Pierpoint

that is not the wallflower.

[CHUCKLES] Why? She's
comically sh*t at her job.

- HARPER: Gotta go.
- Okay, bye.

- YASMIN: I got this.
- HARPER: Thank you.

You know what's really f*cked up?

I put on a full face of
makeup just to see his corpse.

- You look beautiful.
- [YASMIN CHUCKLES]

Thank you.

You don't have to thank me.

YASMIN: Guess I'm going
back to the office.

HARPER: Okay.

- [ENERGETIC MUSIC FADES]
- [CELL PHONE VIBRATES]

What?

ALEXANDER NORTON: Yasmin,
this is Alexander.

Alexander Norton.

Oh!

Oh, he... Sorry, I'm...

Hello, Mister... My Lord.

Hi, sir.

First, my deepest
sympathy for your loss.

I'll always cherish Trinity Term 1988.

This is a courtesy
call. I hope it polite.

[DOG BARKING]

I try and hold off on publishing hearsay

unless it can be at least
nearly double-sourced.

Our crime editor on the Sunday paper,

she's quite recalcitrant.

She somehow tracked down a source

onboard The Lady Yasmin.

- A Ms. Galperin-Diaz.
- [SUSPENSEFUL MUSIC PLAYING]

She worked quite closely
with your father, I believe,

and holds a rather
alarming counter-narrative

to the prevailing one
concerning Charles's final hours.

[SUSPENSEFUL MUSIC INTENSIFIES]

Right, well, what can we do about that?

NORTON: Have you spoken much to Henry?

I worry his black dog's returned.

Maybe it's too fatalistic,
but I worry about the cruel

inevitability of him
ending up like his father.

Well, what am I supposed to do?

I mean...

I can't... I can't save him.

And to be honest, I don't...
I don't really want to.

I can't spike the story, Yasmin.

Or, I shouldn't.

I only have daughters. And
by some damned fine luck,

they only have daughters.

So I suppose everything I
have will end up with Henry.

I'm sorry, um... I
don't... I don't follow.

- [CAN CLINKS]
- [RETCHING]

- YASMIN: Ugh!
- [VOMITING]

NORTON: Please try and
remember that with Henry,

some of his worst
instincts are not his own.

My deepest condolences for your loss.

[CHUCKLES] My sporran's falling down.

[SIGHS]

[SOFTLY] f*cking hell.

- [PHONES RINGING]
- [INDISTINCT CHATTER]

[HOOT BEEPING]

Pierpoint stock rallied

ten percent into the
U.S. close last night

on the new CEO announcement.

Yes, Pierpoint.

Um, the new bossman is Tom Wolsey,

ex-Bain managing partner

and head of their private
equity consulting group.

- It seems like he's got...
- Eric...

- ... a dual citizenship...
- Jesus, wow.

You smell like a Glaswegian night out.

- Have you been home?
- [SNIFFS]

Anyway, look. I spoke to
three competitor bond traders

this morning trying to move
Pierpoint's senior secureds

for peanuts.

This isn't localized to us.
That's the macro environment.

Well, what's all this
noise out of New York

about Chucky the Wop?

They've just tinned their
head of debt syndicate.

You don't know about this?

What is the point of being high up

if you are not connected?

Bonds aren't an attractive
security right now,

given these constant rate hikes.

Man, do the maths!

Have you seen this Wolsey's CV?

"Portfolio value creation"

for the Canadian sovereign wealth fund.

He's a butcher
masquerading as a surgeon.

You're late.

Wolsey's a positive
catalyst for the stock.

Take a look at where it's indicating,

where it closed.

Don't talk to me like
you're Investor Relations.

It's rallying because the
market has read the appointment

as a green light for
aggressive restructuring.

Pierpoint is a more
valuable company today

than it was yesterday.

Okay, are we gonna stop and
analyze the absolute bilge

that just came out of your mouth?

Come on, you... you
sit down here with us.

Since when did you give a f*ck

about maximizing shareholder value?

Rishi, I'm a... I'm a partner.

I don't care that they
showered you in stock options.

Look, you gave me assurances

when we f*cked Harper
and built this team

that my comp was guaranteed.

Cash.

Look, I, uh... I need that money.

I have a family.

You still owe me 15
large from the horses.

Yes, and you can wear a swing like that

whilst I'm making you proper money.

Eric, I have worked for you...

- long enough...
- [SIGHS]

... to know when you're
not being straight with me.

Is the company in trouble?

I don't think you know...

as much as you think you do.

[TENSE MUSIC PLAYING]

TRADER 1: Are you gonna make a trade

or you gonna play with
your ba*ls all day?

TRADER 2: Well, pop
into Deutsche Bank then.

No, push her. Uh-huh.

[TRADERS CHATTING INDISTINCTLY]

[CELL PHONE CHIMES]

Uh, yeah, thank you. I'll be there...

I'll be there in half an hour.

Okay, thank you.

[PHONE CLATTERS]

Hey, Anraj.

Can you cover for me, for
like an hour? Two, tops?

Thank you so much.

Hey, wherever you're going,
please take me with you.

Hey, isn't it my turn to buy lunch?

I, um...

[WHISPERS] I've got an interview.

You're taking calls from headhunters?

SWEETPEA GOLIGHTLY: Between us...

I think you should be more receptive

to their calls, too.

See you.

RISHI RAMDANI: Yo!
Anyone got any more color

on Chucky the Wop being binned?

He's dipped his pen in a few
interns so I was wondering

whether his rap sheet
finally caught up with him.

ERIC TAO: Heavy weather?

RISHI: Or he was fired for something

to do with the wider
fixed income division.

Excuse me?

You look like you're
under heavy weather.

Oh.

[TENSE MUSIC CONCLUDES]

It's just one of those days
I really don't want to be, um,

on the desk.

Ibid.

- Ditto.
- Yeah.

I used to have a medicine

for heavy weather days
when I was in your position,

when I was an associate.

- Oh, yeah?
- Yeah, a big blue steak...

- [YASMIN CHUCKLES]
- ... and a fistful

- of blood thinners.
- [CHUCKLES]

My treat.

Yeah, um, that...

That actually sounds really nice.

- Thank you.
- [PHONE RINGING]

- [RINGING STOPS]
- Yasmin speaking.

- [INDISTINCT CHATTER]
- [PHONES RINGING]

- RISHI: Yeah, Ramdani.
- [SIGHS]

- [CELL PHONE CHIMES, VIBRATES]
- YASMIN: Yeah, thanks.

RISHI: Half a rack, and
sixty seconds of my respect.

YASMIN: Apparently not.

[INDISTINCT CHATTER CONTINUES]

So your résumé says
that you did rotations

- in Risk and Equity Trading...
- Mm-hmm.

... and Fixed Income.

What's your view on Pierpoint's issuance

of senior secured bonds
over the past 12 quarters?

[TENSE MUSIC PLAYING]

What do you mean?

Issuing that much debt does bespeak

a level of confidence, right,
on returns coming down the pike?

[CHUCKLES] If I had a view on that,

it would be speculative.

Speculate freely.

I'm honestly not sure if
I'm eligible to answer that,

given my level of seniority or...

where I'm currently
sat. [CHUCKLES NERVOUSLY]

Okay.

Let's talk about where
you're currently sat then.

Equity in green-focused
companies has been

Pierpoint's raison d'être.

Would you say

they've been overexposed,
given the trend is cooling?

SWEETPEA: Uh, again, I think

you would have to talk to Pierpoint's

Asset Management division about that.

I'm sorry. Are you asking me
to consolidate a trade idea,

- or...
- We're spitballing.

If you wanna work with me, we spitball.

Okay.

What if I said to you Pierpoint
was the short of the century?

[SIGHS]

What do you expect me to
say to that? [CHUCKLES]

How deep is Pierpoint
in these ESG names?

How many billions and
how many companies?

And just how little does
the market appreciate

how unwieldy and complex
their balance sheet has gotten?

What, do you want a f*cking list?

I'm sorry that I've wasted your time.

[CLEARS THROAT, SNIFFS]

Sweetpea, when I take a
meeting, it's off the record.

Your boss is not my greatest fan.

You would not want it to get back to him

that you took a meeting with me.

Enjoy the rest of your day.

[DOOR RATTLES]

[DOOR UNLOCKS]

People do not have their
ear to the ground in here.

- [INDISTINCT CHATTER]
- There's a picture building.

I mean f*cking look at them all.

They're, like, crossing the Aioi Bridge

to their old big shop on
the morning of Hiroshima.

- What?
- [CHUCKLES] I'm sorry!

Sorry, my dad's a bit of a, um...

He's a bit of a World w*r Two w*nk*r.

[CHUCKLES]

I mean, there's no one here who knows

what the f*ck is about to happen.

Pierpoint's stocks rallying.

SWEETPEA: I am telling you,

there's a sentiment growing out there

that is not reflected
in the share prices yet.

[KETTLE THUDS]

What are you talking about?

LeviathanAlpha are like turbocharged,

'roided up, juicehead
bears on Pierpoint.

- ANRAJ CHABRA: Damn.
- SWEETPEA: Yeah.

Did they, um, they offer you a job?

Mm-mm.

They, uh... They just wanted
me to be their smoking g*n.

Damn.

Well, you need to tell
Eric. This can't get out.

I cannot tell Eric that
I took a f*cking interview

- with Harper Stern. Come on.
- But you need to tell someone.

[GASPS]

I think Pierpoint might
be absolutely f*cked.

Yeah? What else is new?

[LAUGHS]

Who's arsed?

[CAN OPENS]

[SPOON CLINKING]

I mean...

[SPOON CLATTERS]

- Right?
- [SOFTLY] Yeah.

[SIGHS]

We're interested in diversifying
LeviathanAlpha's portfolio,

expanding into privates.

Private ESG-focused companies.

Growth stocks with an ethical bent.

I used to cover you guys
when I was at Pierpoint.

This is a volte-face. You
guys were making a stink

in the market as anti-ESG?

PETRA: Did you know that
when Dolly Parton said,

"We cannot direct the wind,

but we can adjust the boat sails,"

she wasn't talking about some guy.

She was talking about
her investment portfolio.

HARPER: Look, we're nimble.

These companies are at a historic low,

given the climate of rate
rises and boiling hot inflation.

It's not that we
believe in the companies.

We believe they're
cheap. That's the trade.

Which ESG name are you
interested in, exactly?

Uh, show us the full BWIC
and we'll see what suits.

The more distressed, the better.

Guys, what's going on here?

You realize this stuff is sh*t, right?

There isn't a marginal
buyer of this junk out there,

- so what are you doing here?
- [SUSPENSEFUL MUSIC PLAYING]

He doesn't know what he's talking about.

He's an associate.

People like us know that the real
meaning of "sh*t" is "undervalued."

They like the trade.

Our job is to facilitate it.

Thank you.

Okay, so Deutsche Bank has nine names.

Citibank only had seven.

Or at least it looks
like they have seven.

Yeah, seven. And... I mean, JP Morgan,

the clear winner with


Absolutely.

Let's check in at
Pierpoint on our way back

and then we'll make the call.

Who did you make that meeting through?

Did you make it through Yasmin?

Harper, she's the least
inquisitive salesperson

in the Northern Hemisphere. Who else?

No, I asked you not to do that.

You're exploiting a
personal relationship.

Hold on. You made me aware of Yasmin.

"Exploiting a personal relationship"?

You mean politicking? I'm sorry,

if someone's naive enough
to show you their underbelly,

they shouldn't be surprised
if someone prods at it.

Okay, well, what about your underbelly?

When were you gonna tell me you had

a substance abuse problem?

Excuse me?

James Ashford told me
that you met in rehab.

[SCOFFS]

We met in rehab?

We met in the lobby, as
I was dropping off my son.

[TENSE MUSIC PLAYING]

I'm sorry.

PETRA: What else do
you need to know, huh?

Do you need to know that
he's in and out of care?

You wanna know his middle
name, his f*cking birthday?

How does that help us today?

HARPER: I'm sorry.
Genuinely, I am sorry.

But I do think if we were more
vulnerable with each other,

then things like this wouldn't happen.

No, no, no, no, no, no, no.
I don't ask you who you f*ck,

or what pills you take to go to sleep.

I respect your work,
and you respect mine.

That's the only currency
that matters here.

We are colleagues.

Yasmin is your former colleague.

You interested in the
past or in our future?

[SOFT PIANO MUSIC PLAYING]

[SOFTLY] f*ck.

[BOTH CHUCKLE]

It's like, for a minute, you know...

Everything's perfect.

- Right.
- WAITER: Martini, sir?

- ERIC: Do you want one?
- YASMIN: No, I'm...

I mean, I do but I won't.

You're not gonna stop me.

Were you drunk at work this morning?

Mm-hmm. [LAUGHS]

I think I'm gonna lose my kids.

She hired Mr. Payout.
f*cking feminist judge, too.

She got everything. I got nothing.

Bad trade.

Um...

Is Pierpoint...

in trouble?

I mean, Sweetpea told me, um...

Sweetpea doesn't know
what she's talking about.

Sorry for using you

to justify drinking off my hangover.

No, no. I'm happy to be here.

The steak's good. [CHUCKLES]

ERIC: Still?

[INDISTINCT CHATTER]

What kind of...

father were you?

Are you?

Uh, much worse than my own.

He worked on a line making widgets...

- [CHUCKLES]
- ... for 50 years.

He used to say...

[SPEAKING CANTONESE]

[IN ENGLISH] "If you
really want to damn a man,

- teach him how to count."
- [LAUGHS]

ERIC: He was right, as always.

You sure I can't tempt you?

Sometimes, I think it's
a child's biological duty

to k*ll their parents.

[CHUCKLES NERVOUSLY]

Do you think I give you
preferential treatment on the desk?

'Cause I'm trying to
reflect on the different ways

I treat the women in my life.

Um...

With all due respect,
Eric, I don't see myself

as a woman in your life.

You know, you're not a man in mine.

- [CHUCKLES DRYLY]
- Right.

We work together.

Yeah... [CHUCKLES]

I heard your relationship with Henry

was raised by the select committee.

Mm-hmm. Yeah.

Has that been going on since COP?

- [GIGGLES]
- [CELL PHONE VIBRATES]

Sorry.

Hi.

DENISE OLDROYD: Hi.

You okay?

DENISE: Yeah. How... how are you?

Uh, I just wanted to
check you're all right.

YASMIN: I'm fine. Why?

What's going on?

DENISE: Oh, God, sorry.
Have you not seen?

There are leaked autopsy photos

of Charles's body all over Reddit.

No, I haven't seen. Um,
is there anything else?

Anything in the press? Like an
interview with anyone from the boat?

Anyone called Alondra?

DENISE: No, no, just
these horrific photos.

Are you okay?

- You with someone?
- Yeah.

Um, I'm having lunch with Eric.

DENISE: Oh, my God.

Stay away from that f*cking vampire.

Okay, speak soon.

Hm.

You know...

the only useful thing I
remember my shrink ever saying

to me was, "Desire is practical,

pragmatic. It takes what it can get."

I've thought about that a lot...

since. And maybe, you know,

unex... unexpected as it is...

Okay, uh, I'm gonna
stop you right there.

I'm gonna pay for my own food,
and I, uh, I just, I don't...

I don't want you to say whatever
it is you're thinking of saying.

You've misunderstood.

Nope, I don't think that I have.

No, I was just saying,

or trying to say...

I don't know.

The story of our lives

becomes the story

of the detours

our desire... [CHUCKLES]

... takes us on.

What the f*ck are you doing?
Why are you doing this?

Why are you doing this to
me? Why? What do you want?

What do you actually
want me to do right now?

You want me to give you a nice
little handjob in the toilet?

Well... I mean, what is it
that you actually want from me?

What am I? What is this? Is this sex?

It's just sex for you?
This is just sex for you?

Making me sit here like this,
listening to you talk like this.

It's not sex!

It's not sex, okay?
So you can do that...

you can do that on your own time.

[CHAIR THUDS]

[SIGHS]

[GASPING]

[INHALES SHARPLY, PANTS]

[BREATHING HEAVILY]

- [DISPENSER THUDS]
- [TOILET PAPER RUSTLING]

[TOILET FLUSHING]

[ZIPPER WHOOSHES]

[BREATHING HEAVILY]

[TRADERS CHATTER INDISTINCTLY]

[TELEPHONES RINGING]

I have a meeting with LeviathanAlpha

and our Asset Management guy in five.

TRADER: Yeah, I mean just in terms

- of where the actual markets are...
- Do you want to join?

... there's not much difference

between those two, I think.

Yeah, yeah, I'm just going into it now.

Can you do me a favor and just check in

with your trader?

Hey, hey. How about them Mets?

[TRADER CONTINUES TALKING INDISTINCTLY]

ERIC: I'm just f*cking with
you. I know you hate baseball.

You would if you were a Met.

It's called So Many Ways to Lose.

We're interested in buying the dip

on a lot of private ESG equity.

Really?

And catch a falling knife?

Mm-hmm.

I'd appreciate it if you guys
were a bit more honest with us.

You're a hedge fund, not
a distressed credit fund.

Why are you interested

in the long-term growth prospects of

a load of these... [SIGHS]

There's a company in here

that specializes in making
the biodegradable receptacles

for 200-pound-a-throw moisturizer.

PETRA: Hmm.

There's a green fintech
company. Do we know what that is?

Credit cards made of
compressed wood chippings?

[CHUCKLES]

Yeah, made by starving Iraqis,
but they're q*eer, so it's ESG.

Look, holding this stuff has been
the daily bane of our existence.

But it's so antithetical
to the heterodox principles

that I thought your
company was founded on.

And I know that you
guys are f*cking smart,

so there's no way that
this is your trade.

[SUSPENSEFUL MUSIC PLAYING]

Yeah, they're too f*cking smart
to be heterodox on principle,

just when it pragmatically suits.

Y'all, I am... [CHUCKLES]
... very impressed

with Pierpoint's service.
You're the only bank

that wants to engage
in an academic analysis

of why I want to give
you money. [SCOFFS]

Yeah, they've already been
to JPM, Deutsche, et cetera.

They could take this trade
anywhere on the street.

You want to sell this stuff, right?

So, sell it to them at
mid. Everyone's a winner.

[CHUCKLES]

Yeah, may we see the list, please?

[SUSPENSEFUL MUSIC INTENSIFIES]

Oh, double-sided, for the environment.

[CHUCKLING] Hmm.

Well, that is a lot of names.

"Misery acquaints a man
with strange bedfellows."

[CHUCKLES]

JACKIE WALSH: You have a kink
for slaughtering sacred cows.

You know we can't short these.

They're not publicly traded companies.

We don't wanna short these names.

We want to short Pierpoint.

In as much size as you will give us.

That's why we're bringing this trade

to their biggest competitor.

KENNY KILBANE: [SCOFFS]
You mean their cast-offs?

Pierpoint took a gamble on bringing



ESG-focused companies to the market.

They took a significant position
as the anchor at a bad level,

and to support that bet,
took on a lot of debt.

That debt is reaching maturity,
and it cannot be refinanced.

This is growing knowledge
across the street.

Uh, liquidity elsewhere in the bank?

PETRA: Zip.

Pierpoint has no way of
paying its debtors back.

How the f*ck did they allow themselves

to get into this hole on
something as banal as ESG?

HARPER: They wanted to be first movers.

Pierpoint's Asset Management division

has become a proxy prop desk

and has been given undue influence

over the balance sheet.

I mean, it is little more
than a shell company for sh*t.

Mm. It's no wonder

they brought in Wolsey to fix it.

Yeah, I heard the CFO,
Wilhelmina Fassbinder,

is using John Lindsay's senility

to make unilateral plays

and change the whole
direction of the company.

Those Weekend at Bernie's
rumors are true, then?

[SCOFFS] Why are you
bringing this trade to us?

[SUSPENSEFUL MUSIC PLAYING]

Shorting this size

is gonna be more than point-five percent

of the company. It will
be public knowledge.

We want you to do it
with enough discretion

so we can go to the other
banks and buy CDS protection

on Pierpoint before the disaster
is fully priced in the CDS.

Maximize our upside.

What sorta size are we talking about?

Five hundred million dollars.

[SUSPENSEFUL MUSIC INTENSIFIES]

How much of your AUM is that?

- About half the fund.
- Mm-hmm.

DARIA GREENOCK: On one position?

- [SCOFFS] You must be...
- Confident.

JACKIE: If it trades to zero,

you make half-a-billion-dollars profit.

PETRA: Net of all costs to you.

The borrow to short the stock
is gonna cost us a lot of money.

That money's yours.

You realize that this trade

could cause the sort of
panic around Pierpoint

that may not be able
to be contained, right?

Don't they deserve it?

[OMINOUS MUSIC PLAYING]

So, we're all brought together today

by the force of negative cohesion.

Whatever gets us out of bed, right?

[INDISTINCT CHATTER]

ROBERT SPEARING: Yeah, yeah,
I mean, I can take the call,

but... [CHUCKLES]

... how about you just call
someone more qualified for that?

No, nah, no. I've been here

- for four years...
- How were LeviathanAlpha?

[ROBERT SPEAKING INDISTINCTLY]

Good.

I introduced them to Yal Shafqat in PAM.

TRADER 1: Yeah, a bit of movement there.

- It's all positive.
- What's

the Asset Management connection?

I don't know if you know this,

but PAM have a lot of distressed
ESG private equity exposure,

so...

TRADER 2: Yeah, not
exactly a bull. [CHUCKLES]

So...

- what did they want?
- [TENSE MUSIC PLAYING]

Well, they're sniffing around,

but they think that it's
trading well below fair value

and it will correct. They're buyers.

That makes no sense.

What exactly did you tell
them about our exposure?

I gave them a list.

[GASPS]

A f*cking list!

[DRAMATIC MUSIC PLAYING]

I dunno...

- [DOORBELL RINGING]
- [DRAMATIC MUSIC CONTINUES]

[DOORBELL RINGING]

OFFICE ASSISTANT: Have you
got an appointment... Uh!

You can't go in there!

Okay, you've got Daddy's attention now.

Can I help you?

Is this why you do the things you do?

So... sorry?

You're stood in my office,
emotionally incontinent,

and you're saying I need your attention?

You listen to me, you
little f*cking c**t.

HARPER: Whoa!

Maybe you need a glass of water.

ERIC: I don't know what your angle is,

but it's somewhere in the
area of causing the most harm

to as many people as you physically can.

Everyone's collateral, right?

Even the only girl stupid
enough to call you a friend.

- [TENSE MUSIC PLAYING]
- [BOTTLE THUDS]

Do you ever listen to the pat sh*t

that comes out of your f*cking mouth?

Everything you do on the
floor communicates an ideology

that people are a means to an end.

I enact your philosophy

and you have the nerve
to come into my office

and call me a bad person?

Go f*ck yourself.

You know, I'm guessing

you live with the feeling
that you're a monster.

And now there's nothing
stopping you on your path

to whatever behavior provides you

with an externalized fantasy
of what you really think

of yourself every moment of every day.

I want you to know from
the bottom of my heart

that what you think about yourself...

is true.

I heard your family fell apart.

Shame.

But maybe now you can finally go after

whatever it is that you really want.

[PENSIVE MUSIC PLAYING]

[DOOR SLAMS SHUT]

Is he drunk?

Jesus Christ.

And that is why we keep it professional.

AUTOMATED VOICE:
Floor eight, doors opening.

[PENSIVE MUSIC CONTINUES]

[PENSIVE MUSIC SWELLS]

[PENSIVE MUSIC SOFTENS]

Hi, guys, anyone in
New York got any color

on the reversal in
Pierpoint's share price?

TRADER: [OVER HOOT] Hearing away
some sizeable shorts building.

Yeah, something to keep an eye on.

[PENSIVE MUSIC CONCLUDES]

[COMPUTER MOUSE SCROLLING]

[HEADSET CLATTERS]

[KEYBOARD KEY CLICKS]

[CELL PHONE VIBRATING]

Hello.

ERIC: Yasmin, have I
got you at a good time?

Yeah, sure.

There's no easy way of saying this.

ERIC: We don't think you
should come to work tomorrow.

Okay.

I understand, I'll take the day.

No.

- ["SEALED WITH A KISS" BY SANTO AND JOHNNY PLAYING]
- This is an indefinite decision.

- It's a decision of the company.
- [CAMERA SHUTTER CLICKING]

ERIC: We think it's for the best,

given all you're going through.

What?

ERIC: We think it's
affecting your focus.

Some proprietary information
from Pierpoint Asset Management

got into the hands of a bad actor.

Actually, I'm not gonna
couch my language.

Your friend f*cked you.

HR will be in touch with next steps.

I hope you understand how much
I enjoyed working with you.

Good luck with wherever you land next.

[SONG CONTINUES PLAYING]

[CAMERA SHUTTER CLICKING]

[YASMIN GROANS]

- Will you f*ck off?
- [CAMERA SMASHES]

- [SIGHS]
- [PAPARAZZO SCOFFS]

Bill, I hope you're
on a flight to London.

The market knows we're dying.

[SONG FADES]

Hey.

You okay?

You know...

my first instinct when I got back

into my cabin...

was to brush my hair. [SCOFFS]

Your first instinct was to protect me.

Why?

"Why?" What do you mean "why?"

Why did you help me?

Because it was the human thing to do.

[CHUCKLES]

You didn't do anything wrong.

You didn't do anything, Yas.

No, you're right. I did nothing.

HARPER: You didn't commit a crime, Yas.

Okay, you're not responsible.

He was headed where he
was headed, and that's it.

You know, I have defended you...

to people.

Rob. Eric.

I find myself constantly defending you

because that girl on the boat,

whoever that girl was...

she loved me.

- I do love you.
- YASMIN: f*ck you.

[TENSE MUSIC PLAYING]

f*ck you.

My pain is useful to you.

Even today, of all the f*cking days,

my pain was useful to you.

And the more I sit with it,
the more I realize, of course...

Of course, that little
voice in my head was right.

You revel in my disgrace.

You revel in other people's pain.

It f*cking nourishes you.

Okay, Yas.

I did everything in my
power to try and stop Petra.

- I did.
- Mm-hmm.

But this is the business.

Sorry the world is
showing you what it is,

without any of the protections
that you are so clearly used to.

And I am genuinely sorry
that you think I am so sick

that I could somehow get
off on your unhappiness now.

Oh, so you don't? You didn't today?

I needed my friend today!

Harper, I needed my
friend and you used me!

HARPER: You don't want friends!

You do not want friends!

You want people to make the hierarchy

of your world make f*cking sense to you.

Do you have any capacity
to see beyond the projection

of your own insecurities?

Because the most appalling things

that you think about yourself
are not how I see you!

How do you see me then? Hmm?

Does it appall you

that I have somehow managed
to make it on my own?

Oh, my God.

You're mental.

[BREATHES HEAVILY]

You are hardwired

to exploit people's vulnerabilities

and all the f*cking mental
gymnastics of whatever,

I don't know, genetic blame
game or how you were brought up,

or "Oh, my God. My
brother, he's an addict"

sh*t that you spin does not absolve you

of how you choose to act now!

Wow.

I deserve better than this.

I do.

Everyone deserves better than
the way that you treat them.

[YASMIN SCOFFS]

The way you use and use and
f*cking take is disgusting.

It's disgusting.

The way you treat Rob,
and he still chooses you.

He still chooses you every f*cking time.

Oh...

You think that if I wasn't around,

Rob would wanna be with you? [CHUCKLES]

He thinks you're deranged.

Being a narcissist with
an inferiority complex

doesn't make you an underdog, Harper.

It makes you completely
f*cking nauseating.

[CHUCKLES] And trust
me, I know narcissists.

My dad used to pity himself, too.

Right, and I'm sure you've
fed into that self-pity,

the same way that you feed into

what he and every other man
like him wants you to be.

A f*cking sex object and a victim,

which you conveniently bounce between

whenever it suits you.

You know, I used to think

that the worst thing

that you could think about me

and the worst thing that
I could think about you

might still be true,

and we might be able to love
each other in spite of it,

but I am certain

that that is not the case.

HAPER: Like father,
like daughter, right?

[SCOFFS]

Your arrogance is just you
overcompensating for the fact

that you could not be
any more f*cking ordinary.

And guess what?

The world can only
hide that sh*t from you

for so long, Yas.

You are talentless.

And useless.

And a f*cking wh*re. [GASPS]

["GETTING AWAY WITH IT"
BY ELECTRONIC PLAYING]

[YASMIN GASPS]

♪ I've been walking in the rain ♪
♪ Just to get wet on purpose ♪

♪ I've been forcing myself not
to forget just to feel worse ♪

♪ I've been getting away with it ♪

- [SONG CONTINUES PLAYING IN BACKGROUND]
- ♪ All my life ♪

- ♪ Getting away ♪
- [INDISTINCT CHATTER]

♪ However I look ♪
♪ It's clear to see ♪

♪ That I love you more
than you love me ♪

♪ However I look ♪
♪ It's clear to see ♪

♪ I love you more than you love me... ♪

[GUESTS CHATTING IN SPANISH]

[IN ENGLISH] You need to stop crying.

ALONDRA GALPERIN-DIAZ: Hi. Uh, sorry.

I've been looking for you.

Yeah, we were having a,

what you would say, a
"session" in our room.

Yeah.

A sesh, like a session.

Vale, I just wanted to
apologize for what you may have seen.

- Your father and I have a very...
- Don't worry about it.

I know exactly what he's like.

ALONDRA: Bueno.

Do you think he'll be coming into town?

He mentioned he needed a
pedicure before Nikki Beach.

The beauty team in Sóller
would like to make arrangements.

Um, I have no idea.

I mean, he's been up for,
like, two days straight,

so I'm guessing his
nap probably just turned

into more of, like, a, um...

- a sleep. [CHUCKLES]
- Sleep, sleep.

Yeah. [SNIFFLES]

Bueno.

[GUEST SPEAKING SPANISH]

[SIGHS]

[IN ENGLISH] You look
like the loneliest girl

to have ever had a boat named after her.

[LAUGHS]

["ALWAYS ON MY MIND" BY
PET SHOP BOYS PLAYING]

I can't believe that
prick almost made us

miss a res at Nikki Beach.

In some ways, he's already there.

[SIGHS]

[CHUCKLES]

HARPER: You know...

[SONG INTENSIFIES]

♪ Maybe I didn't treat you ♪

♪ Quite as good as I should ♪

♪ Maybe I didn't love you ♪

♪ Quite as often as I could ♪

♪ Little things I should
have said and done ♪

♪ I never took the time ♪

♪ You were always on my mind ♪

♪ You were always on my mind ♪

♪ Maybe I didn't hold you ♪

♪ All those lonely, lonely times ♪

♪ And I guess I never told you ♪

♪ I'm so happy that you're mine ♪

♪ If I made you feel second best ♪

♪ I'm so sorry I was blind ♪

♪ You were always on my mind ♪

♪ You were always on my mind ♪

[SONG CONCLUDES]