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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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Speaker 2: are the stories we're following today.

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Speaker 3: Karen, we begin with the latest on Donald Trump's transition.

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Speaker 3: The President elect has made another controversial choice to fill

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Speaker 3: his cabinet, naming Robert F. Kennedy Junior to lead the

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Speaker 3: Department of Health and Human Services. Trump made it official

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Speaker 3: at a mar A Lago gala last night.

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Speaker 4: We want you to come up with things and ideas

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Speaker 4: and what you've been talking about for a long time.

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Speaker 4: And I think you're going to do some unbelievable thing.

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Speaker 4: Nobody's going to be able to do it like you.

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Speaker 3: President Elect Trump's decision puts a prominent vaccine skeptic and

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Speaker 3: critic of the pharmaceutical industry in charge of federal health policy.

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Speaker 3: We get more from Bloomberg's Wendy Benjaminson in Washington.

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Speaker 5: His tremendous power over all Americans' day to day lives.

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Speaker 5: I mean, there was talk that he might get an

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Speaker 5: advisory role, something like on Musk and Vive Gramaswami got

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Speaker 5: some sort of off the book you project to work on. Instead,

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Speaker 5: he put him right at the heart of Americans' health

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Speaker 5: and diet.

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Speaker 3: Bloomberg's Wendy Benjamins says Kennedy's views on vaccines and support

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Speaker 3: for things like raw milk and removing fluoride from water

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Speaker 3: could set him up for a tough Senate confirmation.

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Speaker 2: Well Nathan, The President elect also gave a sneak preview

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Speaker 2: of a cabinet Peggy plans to announce today. Trump says,

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Speaker 2: I'll name North Dakota Governor Doug Burgham to be Secretary

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Speaker 2: of the Interior.

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Speaker 4: We're going to do things with energy and with land

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Speaker 4: interior that is going to be incredible, and so I

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Speaker 4: look forward to doing the formal announcement.

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Speaker 2: Donald Trump's decision would give Burgham significant influence over his

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Speaker 2: plans to ramp up sales of oil and gas leases,

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Speaker 2: including in the Gulf of Mexico, that have been cententailed

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Speaker 2: under President Biden.

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Speaker 3: Along with all that, Karen Trump has also chosen Jay

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Speaker 3: Clayton to be the US Attorney for Manhattan. We get

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Speaker 3: more on that from Bloomberg's Stay Prisner.

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Speaker 6: The Manhattan US Attorney's Office is famous for tackling complex

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Speaker 6: financial cases. Appointees are historically veterans of the office. Clayton

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Speaker 6: led the Securities and Exchange Commission in the first Trump administration,

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Speaker 6: and in that role he focused on protecting smaller investors

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Speaker 6: from fraud and financial industry abuses, rather than waging ideological fights.

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Speaker 6: Trump has also tapped two of his own criminal defense

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Speaker 6: attorneys for powerful positions in the Justice Department. Todd Blanche

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Speaker 6: has been selected as Deputy Attorney General and Emil Beauvet

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Speaker 6: as Principal Associate Attorney General in New York. I'm Doug Prisner,

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Speaker 6: Bloomberg Radio.

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Speaker 2: All right, Doug, thank you well. Donald Trump still has

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Speaker 2: not announced his pick to be the next Treasury Secretary,

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Speaker 2: but one name that's not on his list is Jamie Diamond.

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Speaker 2: The President elect ruled out the JP Morgan Chase CEO

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Speaker 2: in a truth social post, saying he respects Dimond greatly,

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Speaker 2: but he won't be invited into the Trump administration. Diamond,

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Speaker 2: for his part, says he's okay with that, and JP

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Speaker 2: Morgan CEO Jamie Diamond told that to Bloomberg's Lisa Abramowitz

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Speaker 2: at the APEX CEO summit in Peru. Trump's team is

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Speaker 2: considering Key Square Group founder Scott Bessant, Candor Fitzgerald CEO

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Speaker 2: Howard Lutnik and former US Trade Representative Robert Leiinheiser for

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Speaker 2: the Treasury role. The decision could come as soon as

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Speaker 2: this week.

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Speaker 3: Well before Trump takes office, Karen. New York Governor Kathy

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Speaker 3: Hokeel is seeking to push through a new congestion pricing

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Speaker 3: plan for drivers into large parts of Manhattan.

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Speaker 7: The MTA will implement a congestion pricing plan with a

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Speaker 7: reduced daytime toll of nine dollars beginning in January.

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Speaker 6: You heard that correctly.

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Speaker 7: It was fifteen dollars before and now it is nine dollars.

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Speaker 7: That is a forty percent reduction.

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Speaker 3: New York Governor Kathy Hockel says the MTA will vote

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Speaker 3: on the new tolling structure at its monthly board meeting

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Speaker 3: on Monday. The plan faces opposition from President elect Trump,

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Speaker 3: he is vowed to terminate congestion pricing, as well as

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Speaker 3: lawsuits from New Jersey Governor Phil Murphy and other groups.

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Speaker 2: Well, Nathan, let's turn to the markets, and we continue

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Speaker 2: to see weakness in the equity markets following yesterday's drop

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Speaker 2: on Wall Street. The declines come after j. Powell indicated

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Speaker 2: the FED was in no rush to cut interest rates.

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Speaker 3: The economy is not sending any signals that we need

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Speaker 3: to be in a hurry to lower rates. The strength

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Speaker 3: we're currently seeing in the economy gives us the ability

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Speaker 3: to approach our decisions carefully.

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Speaker 2: Powell's re Marx prompted traders to pair back expectations for

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Speaker 2: a December rate cut. It now stands at less than

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Speaker 2: sixty percent. It was roughly eighty percent on Wednesday.

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Speaker 3: Well, despite yesterday's stock drop on Wall Street, Karen ed

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Speaker 3: yard Denny, president of yard Denny Research, remains very bullish

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Speaker 3: on the markets.

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Speaker 8: The reality is we haven't been bullish enough, and we've

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Speaker 8: been among the most bullish. But so now we're looking

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Speaker 8: for sixty one hundred by the end of the year

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Speaker 8: on the S and P five hundred, that's almost a layup,

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Speaker 8: and then I think we're then we're looking for seven

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Speaker 8: thousand by the end of next year, and eight one

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Speaker 8: thousand by the end of twenty twenty six, and eight

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Speaker 8: to ten thousand by the end of the decade, probably

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Speaker 8: closer to ten than to today.

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Speaker 3: I was at yard Anny of yard Denny Research. The

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Speaker 3: SMP five hundred closed at fifty nine forty nine yesterday.

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Speaker 2: Well, Nathan. Bitcoin is higher this morning. Right now, the

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Speaker 2: digital asset is up one percent. It's at eighty nine

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Speaker 2: one hundred dollars. It has jumped about thirty percent since

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Speaker 2: Trump's selection victory ten days ago.

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Speaker 3: Well, let's check some stocks on the move this morning, Karen.

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Speaker 3: We're watching shares of Applied Materials right now. They are

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Speaker 3: down about six percent. The largest maker of US chip

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Speaker 3: manufacturing equipment gave a disappointing revenue forecast, and we get

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Speaker 3: more from Bloomberg's Charlie Pellett.

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Speaker 9: Applied Materials said fiscal first quarter sales will be around

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Speaker 9: seven point one five billion. That compares with a seven

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Speaker 9: point twenty five billion dollar average of analyst estimates. Massive

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Speaker 9: spending on artificial intelligence computing has fueled demand for the

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Speaker 9: most advanced chips, and in turn the machines need to

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Speaker 9: produce some but other sectors of the industry are slowing down.

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Speaker 9: SAW makers of chips for industrial equipment and vehicles, for instance,

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Speaker 9: have reported sluggish demand in New York. Charlie Pellett Bloomberg Radio.

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Speaker 2: All right, Charlie, thank you well. Domino's delivering for investors

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Speaker 2: this morning. That's thanks to Warren Buffett, as Berkshire Hathaway

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Speaker 2: about one point three million shares of the pizza chain

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Speaker 2: in the third quarter, and that brings a conglomerate stake

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Speaker 2: to three point six percent. Dominos is up about seven

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Speaker 2: and a half percent this morning, but it also bought

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Speaker 2: Pool Corporation during the third quarter. That stock is up

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Speaker 2: more than six percent.

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Speaker 3: On the economic front, this morning, Karen. A busy week

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Speaker 3: of data wraps up with retail sales for the month

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Speaker 3: of October. Economists are looking for a gain of three

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Speaker 3: tenths of one percent. We get more from Bloomberg's Michael McKee.

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Speaker 10: The old saying may still be true, never stand between

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Speaker 10: an American and a cash register. Analysts anticipate retail sales

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Speaker 10: rose nicely in October as consumers continue to power the economy.

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Speaker 10: It's a semi cautious view. Sales won't be quite as

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Speaker 10: strong as September is back to school spending and gasoline

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Speaker 10: prices fell during the month. Retail sales are denominated in dollars,

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Speaker 10: but it should be strong enough to raise more doubts

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Speaker 10: about the path of Fed rate cuts if the economy

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Speaker 10: continues to grow faster than the Central Bank expects. Michael

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Speaker 10: McKee Bloomberg Radio.

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Speaker 2: And Mike Thanks well. Over in Europe, the UK economy

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Speaker 2: cooled faster than expected in the third quarter, the first

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Speaker 2: quarter under the new labor government. GDP rows one ten

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Speaker 2: percent last quarter compared to the previous quarter, falling short

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Speaker 2: of economists forecasts. Time now for a look at some

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Speaker 2: of the other stories making news in New York and

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Speaker 2: around the world. And for that we're joined by Bloomberg's

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Speaker 2: John Tucker. John, Good Morning, Good.

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Speaker 1: Morning, Karen. Senate Democrats plan to use their last weeks

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Speaker 1: of the majority to try to make public a House

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Speaker 1: sexual misconduct probe in the back Gates President loc Donald

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Speaker 1: Trump's controversial pick for Attorney General. Let's get more this

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Speaker 1: morning from Bloomberg.

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Speaker 11: Scott car Chair of the Senate Judiciary Committee, Dick Durbin,

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Speaker 11: is you to statement calling on the House Ethics Committee

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Speaker 11: to preserve and share the report on Gates, who's been

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Speaker 11: the subject of an ongoing House investigation into allegations of

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Speaker 11: sexual misconduct, illicit drug use, and misuse of campaign funds.

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Speaker 11: Republican representative from Kentucky, Andy Bartel's Bloomberg he thinks the

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Speaker 11: committee needs to release it.

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Speaker 12: Yeah, I think the Senate will demand that I think

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Speaker 12: the Senate will need that information in order to work

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Speaker 12: its will in the advice and consent process.

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Speaker 11: So far, Director of the House Ethics Panel Tom Rust

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Speaker 11: has declined to comment. In Washington, I'm Scott Carr Bloomberg Radio.

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Speaker 1: Meantime, the incoming Senate majority leader John Thunn is telling

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Speaker 1: Fox all options are on the table to clear President

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Speaker 1: elect Trump's nominees, including allowing them to take their jobs

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Speaker 1: without Senate confirmation. Iran has offered written assurances to the

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Speaker 1: Biden administration it wasn't seeking to kill Donald Trump. The

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Speaker 1: Wall Street Journal reports the Iranian message was delivered on

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Speaker 1: the October fourteenth, and not previously reported. The Justice Department

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Speaker 1: last week outlined allegations that Iranian agents plotted to assassinate

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Speaker 1: Trump before he was re elected. Elon Moss Social Media

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Speaker 1: platform Acts sue to block a California law aimed at

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Speaker 1: curbing AI generated deceptive election content on social media. They

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Speaker 1: claim the measure is an unconstitutional affront to free speech.

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Speaker 1: The law requires large online platforms to remove content deemed

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Speaker 1: materially deceptive. X claims it will lead to widespread censorship

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Speaker 1: of political speech, and New York in the Northeast in

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Speaker 1: the midst of the worst fire season in more than

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Speaker 1: a decade, with little relief in signed for weeks as

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Speaker 1: drought and high winds threatened to raise the threat again.

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Speaker 1: Several blazes have broken out in New York in the

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Speaker 1: past few days, a rare site this late in the year.

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Speaker 1: Global news twenty four hours a day and whenever you

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Speaker 1: want it with Bloomberg News Now. I'm John Tucker, and

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Speaker 1: this is Bloomberg Karen.

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Speaker 2: All right, John, thank you time now for the Bloomberg

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Speaker 2: Sports Update, brought to you by Tri State Outye. We

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Speaker 2: say good morning to John stash Hour.

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Speaker 13: Hi John, Hi, care and the Philadelphia Eagles went to

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Speaker 13: the Super Bowl two years ago. They began last season

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Speaker 13: ten and one, but finished going one and six, beating

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Speaker 13: only the Giants. Slow start to twenty twenty four to

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Speaker 13: two and two after September, the Eagles have not lost

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Speaker 13: sins in the big reason why their new running back

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Speaker 13: to former Giant see the coal is on the ground

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Speaker 13: and a first down and a ton more Berkley fusdown

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Speaker 13: Amazon prom for Saquon bark The one hundred and forty

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Speaker 13: six yards rushing fifty two more, receiving two touchdowns in

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Speaker 13: a twenty second spin of the fourth quarter, the Eagles

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Speaker 13: fell behind the Commanders and then scored twenty three straight points.

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Speaker 13: They made it six wins in a row twenty six

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Speaker 13: to eighteen over Washington Philly at eight and two, takes

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Speaker 13: control of the Nfseas. Giants said Sunday, off Jets home

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Speaker 13: to play the Colts. Their last home game was an

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Speaker 13: impressive win over Houston, but then a dud last week

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Speaker 13: at Arizona. And yet Jeff Olbrich does not sound like

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Speaker 13: the coach of a three and seventeen.

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Speaker 12: I'm just so fortunate that the group that we have,

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Speaker 12: the DNA, the character of them is is so unique

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Speaker 12: and so different than most teams and locker rooms out there,

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Speaker 12: in my opinion. The fact that you know, we've had

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Speaker 12: struggles and we haven't lived up expectations to this point

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Speaker 12: of the season, but they have stayed together and they

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Speaker 12: continue to work their butts off.

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Speaker 13: Quarterbacks Sunday, Aaron Rodgers, a month shy of his forty

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Speaker 13: first birthday, against twenty two year old Anthony Richardson at

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Speaker 13: the Garden. Rangers scored three times second period, all three

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Speaker 13: in the span of four minutes. Forty seconds. They beat

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Speaker 13: San Jose three to two. Devil's a second straight win

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Speaker 13: at Florida six to two, and the Islanders won five

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Speaker 13: to two at Vancouver. Winnipeg finally lost at Tampa. Bay.

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Speaker 13: Jets are now fifteen and two. Nixon Nets at MSG tonight.

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Speaker 13: They'll also play there on Sunday. Sampa Bay Rays are

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Speaker 13: homeless through the Tropic Canda Field being damaged by Hurricane Milton.

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Speaker 13: They'll play their games next season in Tampa, but at

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Speaker 13: eleven thousand seats Steinrunner Field. The Yankee spring training on

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Speaker 13: the Rays will pay the Yanks fifth teen million dollars.

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Speaker 13: That's will more than they pay any of their players.

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Speaker 13: Lindsey Vaughn hung up with skis six years ago. Now

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Speaker 13: at age forty, the winner of eighty two World Cup races,

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Speaker 13: coming out of retirement. John Stashawa Bloomberg Sports.

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Speaker 14: Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 14: and around the world on Bloomberg dot Com and the

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Speaker 14: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm

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Speaker 14: Nathan Hager.

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Speaker 11: JP.

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Speaker 3: Morgan Chase Chief executive Officer Jamie diamond says companies will

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Speaker 3: look to pursue acquisitions more In the wake of Donald

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Speaker 3: Trump's election victory, regulation had chilled deal activity. Jamie Diamond,

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Speaker 3: JP Morgan Chase spoke with Bloomberg's Lisa Abramowitz at the

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Speaker 3: APEX CEO summit, and Lisa started by asking about President

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Speaker 3: elect Donald Trump.

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Speaker 15: You had a big sea change that took place in

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Speaker 15: that vogue the other day, and some people were prepared

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Speaker 15: somewhere and prepared, But I think the most important thing

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Speaker 15: is who ever had been elected, And this is my belief.

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Speaker 15: They are entering and could be responsible for the most

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Speaker 15: complicated geopolitical, military, and geoeconomic situation that the world is

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Speaker 15: faced since.

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Speaker 9: World War Two.

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Speaker 15: And of course I wish him all the best. I

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Speaker 15: think people try to help get through this. It could

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Speaker 15: be a difficult thing with a lot of unknowns and uncertainties,

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Speaker 15: and so policy is going to matter, and you know,

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Speaker 15: of course who runs the government will be determined of there.

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Speaker 16: President elect Donald Trump sends a message to you.

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Speaker 2: That he respects you greatly, but you.

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Speaker 16: Will not be part of the Trump administration as a

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Speaker 16: Treasury secretary. If that were something that we're interested interesting

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Speaker 16: to you.

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Speaker 15: First of all, I wish the President. Well, and thank you.

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Speaker 15: It's a very nice note. But I just want to

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Speaker 15: tell the President I've never haven't had a boss with

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Speaker 15: twenty five years, and I'm not about ready to start.

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Speaker 16: Only I want to start by also talking about the

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Speaker 16: response in markets in the US, which has very much

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Speaker 16: been this is going to be a pro growth shock,

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Speaker 16: with companies that are going to be investing much more,

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Speaker 16: deploying cash aggressive in terms of US expansion. Have you

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Speaker 16: seen any signs that that's truly the case.

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Speaker 15: Well, yeah, you know you've seen, you've already seen the

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Speaker 15: markets have responded quite well, and you know, I think

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Speaker 15: America needs a growth strategy. So I literally applaud that.

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Speaker 15: I think collaboration between government and business is the way

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Speaker 15: to have growth. You know, they've always spoken about a

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Speaker 15: deregulatory environment. I want to point out I'm not talking

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Speaker 15: about just getting rid of regulations or the regulatory environment

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Speaker 15: most countries has become stifling and in a lot of countries,

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Speaker 15: including Peru, it's why you're growing maybe two and a

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Speaker 15: half percent, not four or five. And in America is

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Speaker 15: why we've been going to two percent for twenty years

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Speaker 15: and maybe not three. So I do think it's a

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Speaker 15: reasonable thing to have that kind of reform, and that

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Speaker 15: reform has to go deeper than just regulations which can

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Speaker 15: leash capital and investment and banking and stuff like that.

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Speaker 15: It's got to be permitting and all the related things

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Speaker 15: to come with that, where people, you know, you would

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Speaker 15: just mentioning your mind that you know, someone bought that

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Speaker 15: could do rare earths. In the United States, it's ten

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Speaker 15: years they haven't gone their permise yet. I mean, it's

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Speaker 15: a shame and we're doing this to ourselves and it's

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Speaker 15: a mistake. So I deployed any government that says I'm

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Speaker 15: going to make government more efficient, and I think inefficient

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Speaker 15: government is one of the reasons that people are frustrated.

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Speaker 15: You know that why have some populism because they may

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Speaker 15: blame you know, they may look at big companies, but

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Speaker 15: they also know their government isn't spending their money wisely.

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Speaker 3: And that was the CEO of JP Morgan Chase Jamie

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Speaker 3: Diamond speaking with Bloomberg's Lisa Abramowitz at the APEX CEO

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Speaker 3: summit in Lima, Peru. Hear more of their conversation on

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Speaker 3: the Bloomberg Talks podcast feed. You can find it on

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Speaker 3: Apple Spotify or anywhere you get your podcasts, and for

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Speaker 3: more on the Trump transition and how it's being received

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Speaker 3: around the world. We're joined by Bloomberg News senior writer

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Speaker 3: Stephanie Baker. Stephanie, good morning. It's interesting to start off

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Speaker 3: with that perspective from the CEO of JP, Morgan Chase,

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Speaker 3: putting something of an optimistic spin on what a Trump

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Speaker 3: administration could mean for markets. How are world leaders, how

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Speaker 3: are global CEOs receiving what they're seeing so far from

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Speaker 3: the Trump transition.

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Speaker 17: Well, obviously, the markets have been on quite a ride

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Speaker 17: since Trump's reelection, and there's a lot of optimism about

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Speaker 17: growth in the United States. But I think outside the

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Speaker 17: United States, a lot of world leaders and CEOs are

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Speaker 17: really worried about these sweeping tariffs that Trump has vowed

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Speaker 17: to put on goods, you know, not only from China

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Speaker 17: but from Europe, and what that will do to European

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Speaker 17: economies that are still somewhat fragile after the COVID pandemic.

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Speaker 17: So I think there is a lot of nervousness and uncertainty.

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Speaker 17: We don't know how if the Trump tariffs will indeed

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Speaker 17: be implemented and at what level, So it remains to

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Speaker 17: be seen, and of course whoever he picks his Treasury

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Speaker 17: secretary could have you know, wide influence on that.

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Speaker 3: Obviously, Jamie Diamond ruled out of the Treasury secretary shortlist.

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Speaker 3: Where do you see things leaning right now? We've seen

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Speaker 3: some pretty public jockeying for this position, from the likes

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Speaker 3: of Howard Lutnik at Canter Fitzgerald and of course Scott

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Speaker 3: Bestent of Key Square Group.

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Speaker 17: Right, so, Scott Bessant was seen as the leading candidate.

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Speaker 17: But I've been reading some doubts about his candidacy. I

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Speaker 17: think some people in the Trump camp questioning his background

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Speaker 17: having worked for the for Soros Fund Management. Of course,

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Speaker 17: Trump and George Soros are not great friends, to put

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Speaker 17: it mildly, so whether or not that would really impact

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Speaker 17: his candidacy or not. And as you mentioned that, Howard

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Speaker 17: Lutnik excuse me, was also considered a potential candidate. So

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Speaker 17: you know, this is part of the sort of reality

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Speaker 17: TV show we're seeing with Trump rolling out these announcements

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Speaker 17: in a way that's not very traditional. You know, he's

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Speaker 17: not really making the most of them, having these candidates

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Speaker 17: come out and make speeches, et cetera. That's sort of

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Speaker 17: being rolled out by press releases and you know, in

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Speaker 17: quick succession.

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Speaker 3: And gala announcements at mar Lago, as we heard last

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Speaker 3: night with the President elect announcing Robert F. Kennedy, Junior,

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Speaker 3: the vaccine skeptic, is his choice to be Health and

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Speaker 3: Human Services Secretary. We've seen a number of eye opening decisions,

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Speaker 3: to say the least, and this seems to be another

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Speaker 3: one of those, certainly for a more traditional public health perspective.

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Speaker 17: Absolutely, I mean he has he's obviously a vaccine skeptic.

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Speaker 17: He's been very vocal about that. He's criticized fluoride and

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Speaker 17: water supplies traditionally a very local issue in the United States.

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Speaker 17: But you know, some of his ideas on food policy

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Speaker 17: and nutrition I think will gain more support and more consensus,

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Speaker 17: and you know, perhaps he can forge us some new

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Speaker 17: ideas to clean up public health measures in terms of

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Speaker 17: things like he's complained about food dies being allowed and

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Speaker 17: you know, us food products. So it may not be

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Speaker 17: all negative. Whether or not he'll get confirmed is a

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Speaker 17: major question. He has to be confirmed by both the

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Speaker 17: Senate Health Committee as well as the Senate Finance Committee,

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Speaker 17: because Health and Human Services oversees Medicare and Medicaid, So

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Speaker 17: you know, it remains to be seen whether or not

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Speaker 17: this can get through.

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Speaker 3: If he does get through those Stephanie, I mean president

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Speaker 3: like Trump had talked about RFK Junior going wild on

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Speaker 3: government health agencies. I mean, how much power would he

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Speaker 3: have to wield over public health?

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Speaker 17: Well a lot, And I think this is this is

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Speaker 17: going to come right up against you know, Congress.

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Speaker 11: The House.

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Speaker 17: Controls the purse strings, so there there there are limits

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Speaker 17: as to how much he can just eliminate as the

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Speaker 17: head of Health and Human Services that it is congressionally mandated,

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Speaker 17: but he could just fire a whole load of people

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Speaker 17: and let programs with her on the vine, and that's

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Speaker 17: one way of doing it. What's notable is he wasn't

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Speaker 17: actually angling for this job. He had been talked about

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Speaker 17: as a health czar, a position that wouldn't have required

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Speaker 17: any confirmation process. So this is a twist. And whether

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Speaker 17: or not perhaps he runs into trouble in the Senate

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Speaker 17: and ends up being that health star in the end

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Speaker 17: remains to be seen.

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Speaker 3: And when you speak of difficulties with Senate confirmations, there's

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Speaker 3: still a lot of question around whether Matt Gates is

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Speaker 3: going to make it through that process to lead the

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Speaker 3: Justice Department. Where do you see things going When it

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Speaker 3: comes to the House ethics investigation that was set to

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Speaker 3: be released today before he resigned his seat as a

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Speaker 3: congressman from Florida got him in the left right.

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Speaker 17: They were due to vote on whether to release that

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Speaker 17: report today. I woke up this morning thinking, God, someone,

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Speaker 17: some enterprising journalist must have gotten their hands on this

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Speaker 17: by now. That hasn't happened yet. There's a huge pressure

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Speaker 17: for that report to be released, and that is going

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Speaker 17: to have a huge influence on whether he gets through

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Speaker 17: the Senate confirmation process. And I think the whole question

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Speaker 17: of whether or not Trump can get these recess appointments

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Speaker 17: through is a huge question. Both a majority of the

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Speaker 17: Senate and the House have to vote to call a recess,

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Speaker 17: so they basically be voting to remove their control over

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Speaker 17: these confirmations.

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Speaker 2: This is Bloomberg day Break, your morning podcast on the

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