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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan

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Speaker 1: Hager and I'm Karen Moscow. Here are the stories we're

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Speaker 1: following today.

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Speaker 2: Karen, we begin with political turmoil for two key US

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Speaker 2: allies overseas. Let's start in France, where Prime Minister Michelle

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Speaker 2: Barnier is facing a vote of no confidence. Far right

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Speaker 2: leader Marine Lapin and her National Rally party have promised

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Speaker 2: to support a motion from a left wing coalition that

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Speaker 2: would topple the government. Barnier is urging lawmakers to step

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Speaker 2: away from the brink.

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Speaker 3: I hope so, and it's indeed possible. It depends on

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Speaker 3: the members of the National Assembly, each who has a

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Speaker 3: responsibility to the French people, to the voters of their constituency.

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Speaker 3: And before France two, which is at a rather serious moment.

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Speaker 2: French Prime Minister Michell Barnier spoke through an interpreter. Bloomberg's

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Speaker 2: Critty Gupta is covering the vote from Paris. She says

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Speaker 2: there is enough support from the left and the right

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Speaker 2: to bring down Barnier.

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Speaker 4: There could be a little bit of a make or

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Speaker 4: break case when it comes to the Socialist Party. That is,

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Speaker 4: of course, the more centrist faction when it comes to

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Speaker 4: the left side of Parliament. What's significant here is those

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Speaker 4: are the people that both Michelle Barnier and Emmanuel Macron

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Speaker 4: have targeted in the last twenty four hours, saying that

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Speaker 4: these are the people who could vote for with their

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Speaker 4: conscience or need to potentially make or break this vote.

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Speaker 4: And that's where so much of the speculation lies that

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Speaker 4: if you do see enough socialists in Parliament abstained from

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Speaker 4: the vote, there is a slim but not impossible chance

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Speaker 4: that Michell Barnier could make it out with this vote

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Speaker 4: with his job intact.

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Speaker 2: Bloomberg's Critty Goopta reporting from Paris. Debate on the no

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Speaker 2: confidence motion is set to begin at four pm in Paris,

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Speaker 2: that is ten am Wall Street Time.

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Speaker 5: Well Nathan.

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Speaker 1: Another political crisis that is playing out quickly in South Korea.

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Speaker 1: Position lawmakers have filed emotion to impeach President Yunseekule. That's

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Speaker 1: after he briefly declared martial law to try to break

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Speaker 1: a political deadlock. Bloomberg's Katye Dmitrieva report the next twenty

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Speaker 1: four to forty eight hours will be key.

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Speaker 6: The main opposition party is seeking this impeachment or resignation

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Speaker 6: and it could come as soon as Friday. They need

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Speaker 6: two hundred votes out of the three hundred members. They

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Speaker 6: have just under that, so they'll have to rely on

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Speaker 6: some people from Yun's own party to come over to

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Speaker 6: their side. So we'll probably be expecting a lot more

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Speaker 6: before the weekend is up.

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Speaker 1: Bloomberg's Countya Dimitrieva reports the opposition is also pursuing trees

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Speaker 1: and charges against South Korea's defense and safety ministers. The

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Speaker 1: Defense minister has offered to resign. The crisis sent South

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Speaker 1: Korea's currency plunging as much as three percent before it

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Speaker 1: regain most of its losses. Bank of Korea governor Rea

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Speaker 1: Changyong says markets are stabilizing.

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Speaker 7: Actually, I'm very happy that the impact has been shut

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Speaker 7: to leave eptbr to see how these political events will evolve.

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Speaker 7: In the meantime, we focus on providing and pull libidity

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Speaker 7: to stabilize the market.

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Speaker 1: B Okay Governor Re Changyong tells Bloomberg it's not likely

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Speaker 1: that interest rates will have to come down in response

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Speaker 1: to a short lived political event.

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Speaker 2: Certain of politics at home, now, Karen President, like Donald Trump,

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Speaker 2: may be considering a change to one of his key

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Speaker 2: cabinet picks. Let's get the latest done that from Bloomberg's

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Speaker 2: John Tucker, John and Nathan.

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Speaker 8: The Wall Street Journal reports Trump is considering Florida Governor

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Speaker 8: Ron de Santis as a possible replacement for Pete Heggsith

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Speaker 8: run the Pentagon. Heg Sith, the former Fox News host,

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Speaker 8: is facing accusations of alcohol abuse on the job and

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Speaker 8: sexual misconduct. The New Yorker magazine has written about a

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Speaker 8: whistleblower report of missing money from veterans organizations. He ran

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Speaker 8: on Capitol Hill yesterday. South Carolina Republican Senator Lindsey Graham

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Speaker 8: voiced his concerns.

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Speaker 9: Some of these articles are very disturbing.

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Speaker 5: You know, obviously has a chance to defend himself here,

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Speaker 5: but you know, some of this stuff is going.

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Speaker 10: To be difficult.

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Speaker 8: The choice of DeSantis would be a remarkable term. The

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Speaker 8: Florida governor's decision to challenge Trump and the GOP primary

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Speaker 8: began a bitter war between the two, with Trump casting

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Speaker 8: DeSantis as disloyal. In New York, I'm John Tucker Bloomberg Radio.

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Speaker 1: Pray John, thank you about Trump's pick for Treasury Secretary.

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Speaker 1: Scott Besson plans to meet this week with Key Republicans

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Speaker 1: as he begins preparing for confirmation hearings sort to say

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Speaker 1: the veteran hedge fund manager, We'll meet with Senate Republican

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Speaker 1: leader John thun Later today, spokesperson for Trump's transition team

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Speaker 1: says Besend also plans to meet other key Senate Republicans,

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Speaker 1: including incoming number two leader John Barrosso, this week.

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Speaker 2: And as President Trump continues filling his cabinet, Karen his

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Speaker 2: transition teams working to get them confirmed.

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Speaker 10: Do we get more on that from Bloomberg's Amy Morris?

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Speaker 10: In Washington, the team.

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Speaker 11: Signed an agreement to allow the Justice Department to conduct

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Speaker 11: background checks on his nominees and appointees after a week's

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Speaker 11: long delay. The step lets Trump transition aids and future

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Speaker 11: administration staffers obtain security clearances before inauguration day to access

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Speaker 11: classified information about ongoing government programs. It also allows those

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Speaker 11: nominees who are up for Senate confirmation to get those

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Speaker 11: background checks lawmakers want before they vote on them.

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Speaker 10: In Washington, Amy Moore as Bloomberg Radio.

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Speaker 1: All right, Amy, thank you well. Donald Trump will be

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Speaker 1: in New York tomorrow to be honored at an annual

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Speaker 1: award show hosted by Fox News. The president of lex

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Speaker 1: says you will receive the Fox Patriot of the Year award.

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Speaker 1: Adweek says Fox News has seen its ratings increase since

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Speaker 1: Trump's election victory last month.

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Speaker 10: Turin the markets now, Karen futures are higher.

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Speaker 2: After yet another record close on Wall Street, the S

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Speaker 2: and P five hundred notched its fifty fifth record high

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Speaker 2: of the year. Jeff Klinop, Chief Global strategistic Charles Sharp

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Speaker 2: says investors should look outside the US next year.

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Speaker 12: I really like what I'm seeing in Europe. I like

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Speaker 12: outside the US for twenty twenty five. I know you

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Speaker 12: see headlines that said what's going on in Europe and

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Speaker 12: you think, wow, how could you like this? But look,

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Speaker 12: we're likely to see accelerating global economic growth outside the

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Speaker 12: US in China, and that means countries like France better

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Speaker 12: economic growth next year than we saw last year. We've

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Speaker 12: seen rolling recessions through many of these major economies over

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Speaker 12: the last six quarters, and earnings were sessions as well.

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Speaker 12: That's likely to change in twenty twenty five. So rising

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Speaker 12: economic and earnings growth points me in the direction of

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Speaker 12: some of these economies that are rebounding, like what we're

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Speaker 12: seeing in Europe.

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Speaker 2: Charles schwaubs Jeff clentops as a trade war could pose

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Speaker 2: the biggest hit to global growth in twenty twenty five.

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Speaker 1: Well, Nathan, ni Let's take a look at some stocks

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Speaker 1: on the move this morning. Shares of Salesforce they are

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Speaker 1: up about thirteen percent. The top seller of customer relations

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Speaker 1: management software reported quarterly revenue that top analyst estimates. That's

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Speaker 1: boosting investor hopes that the company's much hype strategy for

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Speaker 1: artificial intelligence products will lift financial results.

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Speaker 2: And shares of Marvel are also of careen they're hired

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Speaker 2: by more than twelve percent. The ship maker delivered better

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Speaker 2: than expected results in an upbeat earnings forecast, citing demand

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Speaker 2: for artificial intelligence computing.

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Speaker 1: Turning to the economy now, Nathan, the Federal Reserve's last

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Speaker 1: policy decision comes two weeks from today, and investors will

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Speaker 1: be looking for clues on the future of rates from J.

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Speaker 1: Powell Later today. If Ed Shar speaks at the New

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Speaker 1: York Times deal Books summitted one forty Wall Street time,

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Speaker 1: you can hear his comments live on Bloomberg Radio television

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Speaker 1: and the Bloomberg Podcast YouTube page. Meanwhile, Chicago Fed President

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Speaker 1: Austin Goulsby says rates need to be lower.

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Speaker 13: Over the next year.

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Speaker 9: It feels to me like rates come down a fair

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Speaker 9: amount from where they are now. Just the inflations series

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Speaker 9: is kind of my pet metric. It's the most important

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Speaker 9: part is to look at inflation and not just the aggregate,

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Speaker 9: to kind of break out the categories. And so my

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Speaker 9: pet thing has been housing inflation.

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Speaker 1: In Chicago, FED President Austin Goolsby was echoed by San

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Speaker 1: Francisco FED President Mary Daly, who said rates should continue

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Speaker 1: to fall. Time now for a look at some of

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Speaker 1: the other stories making news in New York and around

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Speaker 1: the world, and for that we're joined by Bloomberg's Michael Barr.

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Speaker 10: Michael, Good morning, Good.

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Speaker 14: Morning, Karen. Jury deliberations we'll resume today in the trial

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Speaker 14: of Annual Penny, the marine veterans charged with using a

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Speaker 14: fatal chocol to subdue a New York subway writer whose

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Speaker 14: behavior was alarming other passengers. Penny, who is twenty six,

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Speaker 14: is charged with manslaughter and criminally negligent homicide charges in

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Speaker 14: the death of Jordan Neely, who was homeless. Penny has

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Speaker 14: pleaded not guilty and maintains that his actions were justified.

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Speaker 14: The jury asked within the first seventy five minutes of

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Speaker 14: deliberations to rehear the judge's instructions on justification defenses and

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Speaker 14: on the definitions of the crimes charged. There's concerned about

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Speaker 14: the skies outside New York City with a drone mystery

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Speaker 14: over New Jersey. They had been spotted flying near President

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Speaker 14: elect Trump's Bedminster golf course and near a military base.

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Speaker 14: In a video, this man says he saw the drones.

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Speaker 15: I can see three drones just in this view. There

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Speaker 15: is another one over here and another one back here.

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Speaker 14: Authorities say they acknowledge the public's concern about the drones,

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Speaker 14: but say there is no immediate danger. Today, the Supreme

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Speaker 14: Court will hear arguments in a case which impacts access

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Speaker 14: to healthcare for hundreds of thousands of transgender and non

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Speaker 14: binary youths across the country. Twenty twenty three, Tennessee law

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Speaker 14: bars the use of treatments like puberty blockers and hormone

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Speaker 14: therapy for transgender teams. The parents of a fifteen year

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Speaker 14: old transgender girl, represented by the American Civil Liberties Union,

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Speaker 14: say the law violates the equal Protection clause of the

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Speaker 14: Constitution by discriminating on the basis of sex sam law

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Speaker 14: is with the Human Rights Campaign.

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Speaker 16: These healthcare bands discriminate against trans youth by denying access

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Speaker 16: to the very same safe and effective medications prescribe to

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Speaker 16: people who are not trans to treat a range of

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Speaker 16: health issues.

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Speaker 14: Supporters of the bands say there is not enough data

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Speaker 14: and possible long term consequence. Yesterday, at the Supreme Court

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Speaker 14: heard arguments in a case involving compensation for Holocaust survivors

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Speaker 14: and their heiress were property confiscated during World War II

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Speaker 14: before victims were sent to death camps. Global News twenty

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Speaker 14: four hours a day and whenever you want it with

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Speaker 14: Bloomberg News Now. I'm Michael Barr, and this is Bloomberg.

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Speaker 1: Karen, Right, Michael Burr, thank you time now for the

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Speaker 1: Bloomberg Sports out date. Grothe you by trying State Audi

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Speaker 1: and here's John stash Hour, Johnson Morning.

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Speaker 17: Good morning, Karen Nixon. Magic at the gardens to decide

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Speaker 17: who would advance to the quarterfinals of the NBA Cup,

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Speaker 17: the in season tournament, Nicks needed to win. Orlando just

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Speaker 17: needed to not lose by thirty seven points in the

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Speaker 17: third quarter.

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Speaker 10: They trailed by thirty seven.

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Speaker 17: Points, but the final was once twenty one one to

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Speaker 17: oh six of the Magic advanced and the Knicks will

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Speaker 17: now play a home game next Wednesday against Atlanta, and

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Speaker 17: a win gets them to the semifinals.

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Speaker 10: In Las Vegas.

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Speaker 17: Karl Anthony Towns led the next twenty three points fifteen rebounds.

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Speaker 17: Coach down Thibodeaux liked that five Nicks scored between eighteen

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Speaker 17: and twenty three points.

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Speaker 13: I love the how unselfish we were, and I thought

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Speaker 13: they made great reads when we got into the paint,

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Speaker 13: just making the extra pass and then creating the right

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Speaker 13: space and then cutting, which got us going downhill. And

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Speaker 13: when you do that, everyone finds rhythm and you find

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Speaker 13: in good shots. You're creating good shots.

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Speaker 14: For each other.

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Speaker 17: Cleveland beat Washington by thirty one. The Wizards have lost

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Speaker 17: fifteen games in a row. The Islanders have lost seven

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Speaker 17: or last nine, five of them by one goal of

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Speaker 17: two to one overtime loss in Montreal. The Bruins one

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Speaker 17: and ot three two over Detroit. Capitols lost to to

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Speaker 17: one to San Jose, and the College football playoff was

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Speaker 17: only four teams. Two losses would usually knock a team

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Speaker 17: out of contention. Alabama has lost three games, but now

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Speaker 17: with a twelve team field. Looks like the Crimson Tide

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Speaker 17: will get in. Committee has them playing the first round

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Speaker 17: game at Notre Dame. Miami was ranked in the top five,

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Speaker 17: but lost two of its last three blew a three

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Speaker 17: touchdown lead last Saturday at Syracuse.

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Speaker 10: Looks like the Keynes are out a roll.

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Speaker 17: This Chapman signed with the Red Sox, whose bullpens struggled

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Speaker 17: in twenty twenty three. Chapman has pitched fifteen seasons for

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Speaker 17: seventeens two stints with the Yankees. ESPN reports though jan

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Speaker 17: Sodo decision could happen this week. Five teams Mets, Yankees,

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Speaker 17: Red Sox, Blue Jays, and Dodgers said to be willing

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Speaker 17: to give Sodo in the neighborhood of a fifteen year,

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Speaker 17: six hundred million dollar contract.

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Speaker 10: John stash Aller, Bloomberg Sports Kearry Nathan.

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

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Speaker 14: and around.

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Speaker 10: The world on Bloomberg dot Com and the Bloomberg Business app.

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Speaker 10: This is Bloomberg Daybreak. Good morning.

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Speaker 2: I'm Nathan Hager on a morning of political crisis for

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Speaker 2: two major US allies. Starting in France, a country that

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Speaker 2: could be headed into uncharted political territory. Before this day

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Speaker 2: is out, lawmakers are set for no confidence vote against

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Speaker 2: Prime Minister Michel Barnier that could topple the government. President

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Speaker 2: Emanuel Macrondo is urging lawmakers toy consider, saying it would

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Speaker 2: be a vote of, in his words, unbearable cynicism. Joining

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Speaker 2: us from Paris is our Paris Bureau chief Bloomberg's Alan Katz, So, Alan,

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Speaker 2: thanks for being with us once again. Is mccrone's call

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Speaker 2: to reject this no confidence vote? Likely to be heated?

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Speaker 5: Good morning, Good morning, how are you, Nathan. It's not

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Speaker 5: likely to be heated. In fact, it's not being heated.

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Speaker 5: We had Jordan Bardella, who is the president of the

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Speaker 5: National Rally though he's really sort of the number two

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Speaker 5: person in the party behind Marie and le pen but

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Speaker 5: he was on French Raider this morning saying that his

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Speaker 5: party was going to vote for the no confidence motion.

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Speaker 5: He also had the head of the Socialist Party within

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Speaker 5: the National Assembly. So again, so this left block that's

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Speaker 5: also going to vote, we're expected to vote for this

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Speaker 5: no confidence motion is sort of a range of parts

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Speaker 5: that go from the far left to sort of more

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Speaker 5: like the social Democrats to where the Socialists are. So

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Speaker 5: there was some hope by macaum Barnier and calls for

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Speaker 5: them last night from them last night for the Socialist

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Speaker 5: to sort of peel away, but they're representative this morning

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Speaker 5: said that they would vote for that motion as well.

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Speaker 5: So it looked like both MacCall and Prime Minister Mission Vouni,

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Speaker 5: who made a similar call last night on French television,

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Speaker 5: that they're not being heated now.

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Speaker 2: The president mccral has said he is not going to

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Speaker 2: resign amid this crisis. But how much pressure Allan is

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Speaker 2: he under right now?

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Speaker 5: So he's under a good deal of pressure. But you

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Speaker 5: have to remember that the French presidency is a lot

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Speaker 5: like the American presidency. You're elected in France's five years

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Speaker 5: rather than four years, but you're elected for a term

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Speaker 5: and that's it. You're there now. There is an impeachment

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Speaker 5: process in France, but it's never been used under the

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Speaker 5: current constitution, which came in in nineteen fifty eight, and

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Speaker 5: that's not no one's really talking about that. So McCall

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Speaker 5: is in power. He remains president as long as he

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Speaker 5: wants to. Now people will say, oh, but the country

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Speaker 5: can't be governed and the only way to change things.

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Speaker 5: Some opposition of positicians are saying this, the only way

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Speaker 5: to change things is for McAllen to resign. He said

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Speaker 5: yesterday when he was in Saudi Arabia that he was

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Speaker 5: going to serve to the last second of his mandate.

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Speaker 5: So he certainly doesn't seem of a mind to resign

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Speaker 5: anytime sooner than.

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Speaker 2: That started when French President Macrome called this snap election

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Speaker 2: back in July to try to stop the far right.

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Speaker 2: Now it seems like the far right is calling the

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Speaker 2: shots here. Is that right and what's the endgame?

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Speaker 17: If so?

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Speaker 5: That's a good question. So the answer is, I mean, yes,

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Speaker 5: your timeline sort of works like he actually called the

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Speaker 5: election in June, the election happened in July, or the

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Speaker 5: second round of it in July. And it's true that

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Speaker 5: Marine lepenn and the far right have become much more

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Speaker 5: powerful as a result because mac Hollins support based in

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Speaker 5: parliament really receded. The number of parliamentarians for the far

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Speaker 5: right really increased, and so you have this sort of

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Speaker 5: three block, three sort of main blocks in parliament to

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Speaker 5: no coalition that's sort of being able to be formed

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Speaker 5: to pass a budget, or we continue even to have

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Speaker 5: a government, So that makes Marine lepenn very powerful. What

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Speaker 5: the end game is is a big question because under

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Speaker 5: the French constitution you can't call, you can't dissolve parliament

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Speaker 5: to call another election for at least a year after

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Speaker 5: the last election. So that puts us from the first

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Speaker 5: week of July to the twenty twenty four to the

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Speaker 5: first week of July twenty twenty five. So until then

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Speaker 5: we're stuck with this parliament, or France is stuck with

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Speaker 5: this parliament, and so even if you have a new government,

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Speaker 5: it's stuck with many of the same problems that Balnier had.

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Speaker 5: As I mentioned before, McCall can't be forced to resign,

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Speaker 5: and so it's not quite clear what the short term

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Speaker 5: game is. The longer term strategy would be for there

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Speaker 5: to be a dissolution of parliament, you hold elections again

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Speaker 5: again July twenty twenty five. Would be discisions that could happen,

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Speaker 5: and then maybe voters bringin a pretty different looking parliament

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Speaker 5: than the one they have and you really have a majority.

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Speaker 5: But between now and then it's going to probably be

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Speaker 5: pretty tenuous and perhaps slightly chaotk on the political front.

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Speaker 5: In France.

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Speaker 2: Yeah, we'll see how that chaos potentially plays out after

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Speaker 2: this vote is set for later on today. Thank you

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Speaker 2: for this, Alan, great to have you back on with

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Speaker 2: us once again. Alan Katz, Paris bureau chief for Bloomberg News,

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Speaker 2: with us from the French capital this morning. Now we

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Speaker 2: want to turn to the fast moving political situation in

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Speaker 2: South Korea, where opposition lawmakers have filed impeachment motions against

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Speaker 2: President Yun Sook yol, less than a day after he

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Speaker 2: shocked his nation and investors by declaring martial law. Joining

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Speaker 2: us from Hong Kong is Bloomberg's Jill Desis. Jill, This

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Speaker 2: has been such a fast moving situation, it's been head spinning.

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Speaker 10: How did we get to this point? Good morning, Good morning, Nathan.

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Speaker 18: Yeah, it's been a really wild twenty four hours in

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Speaker 18: South Korea. I mean, look, I'm not going to say

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Speaker 18: that everything was going incredibly well for President Union leading

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Speaker 18: up to this point. He certainly had a very tense

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Speaker 18: relationship with the opposition party, that's the Progressive Democratic Party.

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Speaker 18: They had a majority in parliament. They've been really stonewalling

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Speaker 18: on various measures over the past couple of years, imparting

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Speaker 18: his plans for the budget. They've actually threatened impeachment against

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Speaker 18: some members of Yun's government and had been probing, you know,

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Speaker 18: some allegations that they had over matters involving both the

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Speaker 18: presidents on election interference, and then also some questions about

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Speaker 18: his wife's purchase of a very suspicious handbag. So there's

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Speaker 18: been all kinds of drama happening in South Korea recently.

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Speaker 18: But it really does feel like we've gone from zero

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Speaker 18: to one hundred here. I mean, in just a matter

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Speaker 18: of hours. Last night, you had the president appearing on

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Speaker 18: television giving a late, very late television address saying that

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Speaker 18: he was declaring martial law. And it does seem like

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Speaker 18: this announcement came with very little insight from members of

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Speaker 18: his own cabinet. I mean, it was really just the

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Speaker 18: Defense minister, who actually went to high school with the presidents,

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Speaker 18: along with a few other senior military members, that seemed

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Speaker 18: to know even that this was happening. And then it

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Speaker 18: very clearly was obvious that he had very severely miscalculated.

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Speaker 18: He was forced to essentially rescind this martial law order

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Speaker 18: within just a matter of about six hours, when the

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Speaker 18: parliament pretty overwhelmingly said absolutely not, you're not going ahead

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Speaker 18: with us.

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Speaker 2: To stick with the analogy of going from zero to

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Speaker 2: one hundred. We had the governor of Bank of Korea,

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Speaker 2: re Cheung Yang, on Bloomberg Television seeming to try to

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Speaker 2: tap the brakes a little bit to try to calm

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Speaker 2: the markets. What could the market reaction be as this

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Speaker 2: continues to unfold.

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Speaker 18: Well, what we've seen so far. I mean, certainly when

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Speaker 18: the president declared this martial law order last night, we

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Speaker 18: saw a pretty significant drop in the Korean wall, and

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Speaker 18: that's the currency. There's a lot of concern going into

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Speaker 18: morning trading today about how that was actually going to

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Speaker 18: weigh on markets. We did see the benchmark index, the

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Speaker 18: costy close bit lower, but things have started to stabilize. Essentially,

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Speaker 18: what the Central Bank has come out today to try

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Speaker 18: to do is say, look, our policies aren't going to

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Speaker 18: be impacted by all of this. We understand that obviously

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Speaker 18: there's a lot of turmoil within the government, but it

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Speaker 18: does seem like, you know, that very quick action by

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Speaker 18: Parliament to you know, essentially shut this down and say,

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Speaker 18: you know, if you're not going to go had with

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Speaker 18: this did seem to kind of calm nerves a little bit.

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Speaker 18: The Central Bank has said, look, you know, we're prepared

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Speaker 18: to sort of step in and sort of help the

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Speaker 18: currency if we absolutely need to. But ultimately, what they're

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Speaker 18: saying is that their policies, including you know, you know

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Speaker 18: what they're doing with policy rates, aren't going to be

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Speaker 18: impacted by this turmoil. Even if they did acknowledge that.

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Speaker 18: There's obviously going to be quite a bit of tension

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Speaker 18: going forward. And as you mentioned, we have this prospective

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Speaker 18: impeachment vote that could be taking place as.

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Speaker 2: Well, and certainly this is raising a lot of questions

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Speaker 2: about how South Korea is going to be able to

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Speaker 2: govern itself going forward if this impeachment move does progress.

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Speaker 2: I mean, there's still a lot of challenges for this

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Speaker 2: country from China, from North Korea.

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Speaker 10: I mean, how could this play out over the next

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Speaker 10: several weeks.

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Speaker 18: Well, it certainly seems like you know, i mean, the

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Speaker 18: opposition party so again, they've got a majority in parliament,

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Speaker 18: so they really only need i think, you know, around

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Speaker 18: ten or so more votes from members of un Zone

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Speaker 18: Party to you know, try to impeach him. It does

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Speaker 18: seem like since he kept the circle around you know,

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Speaker 18: this this martial law order so tight, I'm sure it

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Speaker 18: seems like, you know, it's very likely he's angered some

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Speaker 18: members of his own party here who have actually disavowed

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Speaker 18: this action. So once we get to that point, what

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Speaker 18: ultimately could happen is that it's the opposition leader that

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Speaker 18: could ultimately step in and then become the president. What

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Speaker 18: that likely means, though, is that you know, that Progressive party,

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Speaker 18: that that other party that's uh that opposition right now,

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Speaker 18: they actually take a bit of a softer policy toward

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Speaker 18: North Korea, for one thing, and that could have some

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Speaker 18: pretty broad implications as to what it means for the

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Speaker 18: South Korea's relationship with the US, and obviously incoming President

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Speaker 18: elect Donald Trump could have some implications for the war

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Speaker 18: in Ukraine given North Korea's relationship with Russia. So there's

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Speaker 18: a lot that does have the potential to ultimately change

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Speaker 18: here depending on our things move forward.

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Speaker 2: Listen coast to coast on the Bloomberg Business App now

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Speaker 2: with Apple CarPlay and Android Atto interfaces.

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Speaker 1: And don't forget to subscribe to Bloomberg News Now. It's

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Speaker 1: the latest news whenever you want it in five minutes

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Speaker 1: platform to stay informed all day long. I'm Karen Moscow.

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Speaker 10: And I'm Nathan Hager.

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Speaker 2: Join us again tomorrow morning for all the news you

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Speaker 2: need to start your day right here on Bloomberg Day

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Speaker 2: Ray