WEBVTT - Trump-Biden Rematch; TikTok Bill Latest

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio news.

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<v Speaker 2>Good morning, I'm Nathan Hager.

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<v Speaker 1>And I'm Karen Moscow. Here are the stories we're following today.

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<v Speaker 3>The rematch is all but set. President Joe Biden and

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<v Speaker 3>former President Donald Trump have clinched their party's presidential nominations

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<v Speaker 3>with decisive victories in a slate of low profile primaries

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<v Speaker 3>in Georgia, Mississippi, Washington State, and Hawaii. Bloomberg White House

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<v Speaker 3>reporter Stephanie Lai says it's going to be a long

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<v Speaker 3>race to the vote in November.

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<v Speaker 4>What's really notable is just how early it is now

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<v Speaker 4>that we're just part way through March. This is much

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<v Speaker 4>earlier than the other candidates, Clinch's nomination when they were

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<v Speaker 4>in a crowded field and before they were the incumbent

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<v Speaker 4>in the race. What it means now that we have

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<v Speaker 4>eight months before the general election is this might be

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<v Speaker 4>the longest general election matchup in recent history, and so

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<v Speaker 4>we should expect many, many attack ads, many rallies, and

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<v Speaker 4>possibly even voter fatigue with just the sheer amount of

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<v Speaker 4>back and forth and polarized messaging that we're going to

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<v Speaker 4>see in the next eight months.

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<v Speaker 3>Bloomberg Stephanie Lai notes Trump leads Biden in seven swing states,

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<v Speaker 3>pulled by Bloomberg News in Morning consult. The former president

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<v Speaker 3>has repeatedly slammed Biden's immigration policies, as well as his

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<v Speaker 3>age and memory, even as Trump has faced questions about

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<v Speaker 3>his own mental acuity well Nathan.

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<v Speaker 1>Questions about President Biden's mental fitness took center stage with

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<v Speaker 1>Special Counsel Robert Hurr on Capitol Hill. He's the prosecutor

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<v Speaker 1>who declined to charge the President over his handling of

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<v Speaker 1>classified documents and a report that described Biden as a

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<v Speaker 1>well meaning elderly man with a poor memory. Her took

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<v Speaker 1>by partisan fire before the House Judiciary Committee. From Republican

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<v Speaker 1>at Tom McClintock.

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<v Speaker 5>All I have to do when I'm caught taking home

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<v Speaker 5>classified materials to say, I'm sorry, mister Herbert, but I'm

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<v Speaker 5>getting old.

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<v Speaker 6>My memory is not so great.

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<v Speaker 5>Yeah, Congressman, Now, this is the doctrine that you've established

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<v Speaker 5>in our laws now, and it's frightening.

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<v Speaker 1>Congressman, my intent is certainly not to establish any sort

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<v Speaker 1>of doctrine.

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<v Speaker 7>And from Democrat Adam Schiff, you chose.

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<v Speaker 8>A general pejorative reference to the president.

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<v Speaker 2>You understood when you made that decision.

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<v Speaker 3>Didn't mister Herr, that you would ignite a political firestorm

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<v Speaker 3>with that language, didn't.

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<v Speaker 9>You, Congressman, politics played no part whatsoever in my investigative steps.

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<v Speaker 1>Special Counsel her says he needed to show his work

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<v Speaker 1>when it came to deciding not to charge the president.

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<v Speaker 1>He says he did not sanitize the explanation or disparash

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<v Speaker 1>the president unfairly.

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<v Speaker 3>Staying in Washington, cativity has picked up dramatically in both

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<v Speaker 3>the House and Senate over the bill that could force

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<v Speaker 3>China's Byte Dance to sell TikTok Bloomberg's at Baxter has more.

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<v Speaker 5>A vote is scheduled for the House today and is

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<v Speaker 5>expected to get the two thirds majority vote needed. Former

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<v Speaker 5>Housepeaker Nancy Pelosi on Bloomberg says, they are not attempting

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<v Speaker 5>to bantick.

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<v Speaker 10>We want TikTok to exist. We're not there to ban it.

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<v Speaker 10>I've said, we want to make it TikTok toe. We

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<v Speaker 10>want to make it something that is not a fearful

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<v Speaker 10>social media platform, but one that is very positive. And

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<v Speaker 10>in order to do that, we have to see the

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<v Speaker 10>divesting of it from the Chinese government.

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<v Speaker 5>Now TikTok Ceo show show has been on Capitol Hall

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<v Speaker 5>to talk with senators vote. There is expected to be

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<v Speaker 5>much tighter at Baxter Bloomberg Radio.

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<v Speaker 7>All right, ed, thanks well.

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<v Speaker 1>Turning to geopolitics, So warning from the President of Poland.

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<v Speaker 1>In an interview with Bloomberg's Joe Matthew and Kaylee Lines,

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<v Speaker 1>Andre Dudah said Vladimir Putin would attack other states if

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<v Speaker 1>Russia wins its war in Ukraine. Here's President Dudah speaking

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<v Speaker 1>through an interpreter.

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<v Speaker 11>We are the nation who was enslaved by Russia several times.

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<v Speaker 11>If Russia wins the war in New Green wins the

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<v Speaker 11>worry Ni grant, he will attack one more time. He

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<v Speaker 11>will attack other states because this is a Russian paralyism

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<v Speaker 11>being worn, and it is greedy. It will be linked

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<v Speaker 11>to texture. That is why it has to be stopped.

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<v Speaker 11>It has to be blocked and it has to be punished.

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<v Speaker 11>And this is the most important task that is chasing

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<v Speaker 11>the community of the West today, and this community is

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<v Speaker 11>led by the United States of America.

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<v Speaker 1>And Polish President Andrea Duda's warning lands at a critical

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<v Speaker 1>moment in the war, with ally Instagram linked to provide

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<v Speaker 1>Ukraine with more military assistance. For the extended conversation, head

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<v Speaker 1>over to the Bloomberg Talks podcast feed. Find it on Apple, Spotify,

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<v Speaker 1>or anywhere else you get your podcasts.

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<v Speaker 3>Well, now let's turn to the markets. Karen stocks begin

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<v Speaker 3>the day once again in record territory. The S and

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<v Speaker 3>P five hundred rows more than one percent yesterday, as

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<v Speaker 3>the latest inflation figures did little to alter bets that

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<v Speaker 3>the Federal Reserve will cut rates this year. Morgan Stanley

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<v Speaker 3>equity strategist Mike Wilson, though, remains cautious.

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<v Speaker 12>People are reaching for risk because you know, there's FOMA.

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<v Speaker 12>We don't see the justification for higher multiples given that

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<v Speaker 12>we basically have no earnings growth across the broader economy.

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<v Speaker 12>A situation is still kind of a difficult operating environment,

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<v Speaker 12>and so we're going to be very selective. And that's

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<v Speaker 12>why we think it's you know, you got to be

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<v Speaker 12>a stock picker here.

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<v Speaker 8>You can't just buy the index.

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<v Speaker 3>Morgan Stanley's Mike Wilson is sticking with his year end

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<v Speaker 3>target of forty five hundred for the S and P

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<v Speaker 3>five hundred. That's about thirteen percent below current levels.

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<v Speaker 7>From markets to the economy now, Nathan.

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<v Speaker 1>We are officially one week away from the fed's next

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<v Speaker 1>policy meeting, and another Wall Street titan is speaking out

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<v Speaker 1>on the direction of interest rates. We get the latest

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<v Speaker 1>from Bloomberg's John Tucker, John and Karen Ken.

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<v Speaker 13>Griffin says the FED should move slowly and lowering right

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<v Speaker 13>so they don't have to reverse course later. The founder

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<v Speaker 13>of the hedge fund Empire Citadel, telling the Futures Industry

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<v Speaker 13>Association pausing and then changing direction back toward higher rates

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<v Speaker 13>quickly would be the most devastating course of action to pursue. Well,

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<v Speaker 13>he thinks the FED will be slower than people are

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<v Speaker 13>expecting for that very reason. FED Chair j Powell last

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<v Speaker 13>week suggested the Central Bank is getting close to the

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<v Speaker 13>confidence it needs to start lowering into rates, and investors

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<v Speaker 13>are still pricing a June rate cut. That's even after

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<v Speaker 13>yesterday's hotter than expected CPI. Griffin also said Citadel's participation

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<v Speaker 13>in this month's rescue of New York Community Bank was

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<v Speaker 13>the right price. John Tucker, Bloomberg Radio, All.

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<v Speaker 8>Right, John. Thanks.

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<v Speaker 3>Over Europe, the UK economies rebounded after slipping into a recession.

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<v Speaker 3>Gross domestic product rows two tenths of one percent in

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<v Speaker 3>January and followed a tenth of a percent decline in December.

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<v Speaker 3>Services and construction delivered the gains, offsetting a drop in

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<v Speaker 3>industrial production.

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<v Speaker 7>Well in Asia.

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<v Speaker 1>Nathan Bloomberg News has learned Chinese developer Country Garden Holdings

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<v Speaker 1>has missed a coupon payment on a yuan bond for

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<v Speaker 1>the first time. Country Gardens crisis entered a new chapter

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<v Speaker 1>after a Hong Kong court received a creditors petition last

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<v Speaker 1>month to wind up the company and.

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<v Speaker 3>The company News Karen Bloomberg News has learned the Pentagons

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<v Speaker 3>pulled out of a plan to spend billions on a

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<v Speaker 3>chip grant to Intel.

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<v Speaker 8>We get the story from Bloomberg's Doug Prisner.

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<v Speaker 6>The funding was part of a spending package signed into

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<v Speaker 6>law over the weekend by the President. It allocated three

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<v Speaker 6>and a half billillion dollars for Intel to produce advanced

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<v Speaker 6>defense and intelligence related semiconductors. But we're told the Pentagon

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<v Speaker 6>is pulling as much as two and a half billion dollars,

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<v Speaker 6>So the onus is on the Commerce Department to make

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<v Speaker 6>up for that billion dollar shortfall. Through the Chips Act,

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<v Speaker 6>lawmakers have directed Commerce to do so, and it could

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<v Speaker 6>mean a greater share of Intel's funds from the Chips

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<v Speaker 6>Act are devoted to military uses rather than commercial ones.

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<v Speaker 6>In New York, I'm Doug Kristner, Bloomberg Radio.

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<v Speaker 3>Okay, Doug, thanks and checking shares of Intel right now.

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<v Speaker 3>They are down more than one percent in early trading.

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<v Speaker 1>And it's time now for a look at some of

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<v Speaker 1>the other stories making news in New York and around

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<v Speaker 1>the world. For that, we're joined by Bloomberry's Michael Barr Michael,

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<v Speaker 1>good Morning.

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<v Speaker 14>Good morning, Karen. President Vladimir Putin says that Russia is

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<v Speaker 14>ready to use nuclear weapons if there is a threat

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<v Speaker 14>to Russian statehood, sovereignty, or independence. Speaking with Russian state

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<v Speaker 14>television today, Putin said he hoped that the US would

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<v Speaker 14>avoid any escalation that could trigger a nuclear war, but

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<v Speaker 14>emphasized that Russia's nuclear forces are ready for it. Asked

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<v Speaker 14>if he has ever considered using battlefield nuclear weapons in Ukraine,

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<v Speaker 14>Putin responded that there has been no need for that. Meanwhile,

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<v Speaker 14>the Pentagon says that it has found three hundred million

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<v Speaker 14>dollars in cost of things that will now be used

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<v Speaker 14>to meet Ukraine's immediate air defense, artillery and anti tank needs,

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<v Speaker 14>defence Department spokesperson Major General pat Ryder.

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<v Speaker 15>It will give them some much needed capability that will

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<v Speaker 15>likely last in the week's timeframe, but nowhere even close

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<v Speaker 15>to what they need to be able to continue to

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<v Speaker 15>sustain this fight.

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<v Speaker 14>Major General Riders says longer range missiles are included in

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<v Speaker 14>the aid package. The US Army's seventh Transportation Brigade has

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<v Speaker 14>been deployed following President Biden's orders to send troops to

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<v Speaker 14>create an offshore aid port for Gaza. Their mission to

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<v Speaker 14>build a giant floating pier off the coast of Gaza

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<v Speaker 14>where aid and supplies will come before a civilian ship

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<v Speaker 14>takes it ashore to help Palestinian civilians. Brigadier General Brad Henson,

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<v Speaker 14>which is.

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<v Speaker 12>Really just pontoons that are like legos.

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<v Speaker 8>They all fit together, so.

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<v Speaker 12>We'll have this roll on, roll on discharge facility that's

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<v Speaker 12>approximately two to three miles off of the erected pier.

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<v Speaker 14>General Henson says this is strictly a humanitarian mission and

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<v Speaker 14>there will be no US soldiers on the ground. The

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<v Speaker 14>Transport Workers Union is pushing back on Governor Kathy Hogle's

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<v Speaker 14>plan to fight crime in the New York City subway system.

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<v Speaker 14>The Transport Workers Union says it simply falls short of

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<v Speaker 14>providing a sustainable, long term solution. The governor's plan includes

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<v Speaker 14>using the National Guard and random bag checks. State troopers

0:09:54.280 --> 0:09:57.320
<v Speaker 14>as well as police, are also being used to fight crime.

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<v Speaker 14>TWU Local one hundred present cident Richard Davis also had

0:10:01.960 --> 0:10:04.880
<v Speaker 14>strong words for the CEO of the MTA.

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<v Speaker 9>General Leba is not working to me, he's not working

0:10:08.720 --> 0:10:13.280
<v Speaker 9>with integrity or concern about our members, our tw members

0:10:13.280 --> 0:10:13.839
<v Speaker 9>on the write in.

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<v Speaker 14>Public audio courtesy of ABC seven. While President Biden and

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<v Speaker 14>former President Trump have clinched the nominations to represent their

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<v Speaker 14>parties in Novembers election, there is a third candidate that

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<v Speaker 14>could play the role of spoiler. Independent candidate Robert F.

0:10:28.120 --> 0:10:31.840
<v Speaker 14>Kennedy Junior could influence the election. There's word NFL quarterback

0:10:31.880 --> 0:10:35.720
<v Speaker 14>Aaron Rodgers is on Kennedy's shortlist of potential running mates.

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<v Speaker 14>Global News twenty four hours a day, whenever you want

0:10:38.320 --> 0:10:40.280
<v Speaker 14>it with the Bloomberg News Now. I'm michae Lebarn This

0:10:40.320 --> 0:10:41.080
<v Speaker 14>is Bloomberg Roent.

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<v Speaker 7>All right, Michael, thank you.

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<v Speaker 1>Time now for the Bloomberg Sports Update, brought to you

0:10:49.880 --> 0:10:52.720
<v Speaker 1>by Tri State Houdy. For that, we bring in John Stashawer, John,

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<v Speaker 1>Good morning.

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<v Speaker 8>Good morning, Karen Nixon.

0:10:54.559 --> 0:10:56.800
<v Speaker 16>Sixers at the Garden, just as it was forty eight

0:10:56.840 --> 0:11:00.800
<v Speaker 16>hours earlier. In that one, Philly won seventy nine seventy three.

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<v Speaker 16>The Sixers again scored seventy nine. This time, the nick

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<v Speaker 16>scored thirty three more than they did on Sunday. They

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<v Speaker 16>won by twenty seven. Welcome back og on anobi Ou.

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<v Speaker 16>Since January, he scored fourteen points. Jalen Brunson and Josh

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<v Speaker 16>Hart both at twenty hardhead a triple double. Knicks now

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<v Speaker 16>hit the road. Four game trip starts tomorrow in Portland, Minnesota.

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<v Speaker 16>Got thirty seven from Anthony Edwards and it went over

0:11:20.559 --> 0:11:24.120
<v Speaker 16>the Clippers, the Timberwolves, Nuggets, and thunder all with forty

0:11:24.160 --> 0:11:26.959
<v Speaker 16>five wins atop the West. The Celtics with their league

0:11:27.000 --> 0:11:29.600
<v Speaker 16>leading fifty first win one twenty three one oh seven

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<v Speaker 16>at Utah Rangers and Hurricanes and Raleigh scoreless late first period.

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<v Speaker 2>Pashe leans on him to the near corner with fifteen

0:11:36.760 --> 0:11:39.160
<v Speaker 2>to go, centering past Savaba, Chad gets it back.

0:11:39.240 --> 0:11:42.239
<v Speaker 13>Tolindran flifty for deflection in front of goes off escape.

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<v Speaker 7>Short fangals shop by Fox Peace scores.

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<v Speaker 8>In New York, olling only goal.

0:11:46.679 --> 0:11:49.520
<v Speaker 16>Rangers won one nothing, a second straight shutout for Igors,

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<v Speaker 16>says Thirk, and first place Rangers have won thirteen to

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<v Speaker 16>the last sixteen. They're now six points ahead of second

0:11:54.880 --> 0:11:59.079
<v Speaker 16>place Carolina. Rangers were without their rookie enforcer Matt Remphy,

0:11:59.160 --> 0:12:02.559
<v Speaker 16>suspended four gear for his hit of the Devils. Jonna Siegenthello,

0:12:02.640 --> 0:12:05.040
<v Speaker 16>the six foot seven inch Rimpy, has quickly become a

0:12:05.040 --> 0:12:07.840
<v Speaker 16>fan favorite, spending more time in the penalty box than

0:12:07.880 --> 0:12:11.720
<v Speaker 16>on the ice College basketball Championship wig and they are celebrated.

0:12:11.200 --> 0:12:13.520
<v Speaker 8>On Staten Island. The Wagner Seahawks.

0:12:13.800 --> 0:12:16.040
<v Speaker 16>With an upset winn at the Northeast Conference Journey, they'll

0:12:16.080 --> 0:12:18.600
<v Speaker 16>take a sixteen and fifteen record to.

0:12:18.600 --> 0:12:19.760
<v Speaker 8>The NCAA Tournament.

0:12:19.960 --> 0:12:22.840
<v Speaker 16>Yankees not saying much about the Garrett Cole elbow injury

0:12:22.840 --> 0:12:25.440
<v Speaker 16>other than he needs more tests and is unlikely to

0:12:25.440 --> 0:12:27.760
<v Speaker 16>pitch the season opener two weeks from tomorrow in Houston.

0:12:27.800 --> 0:12:31.640
<v Speaker 16>More NFL free agent signings like Derrick Henry by Baltimore

0:12:31.679 --> 0:12:34.560
<v Speaker 16>and the Giants have added a backup quarterback signing Drew

0:12:34.600 --> 0:12:39.080
<v Speaker 16>Locke formerly with Seattle and Denver John stashieware Bloomberg Sports Kearnon.

0:12:38.920 --> 0:12:40.800
<v Speaker 8>Nathan, Okay, John, thank you.

0:12:40.960 --> 0:12:44.080
<v Speaker 3>Well, it may be months away till the conventions, not

0:12:44.160 --> 0:12:47.040
<v Speaker 3>to mention the November election, but the twenty twenty four

0:12:47.120 --> 0:12:50.840
<v Speaker 3>rematches all but set now. Both President Biden and former

0:12:50.880 --> 0:12:56.240
<v Speaker 3>President Trump clinched their party's nominations following last night's primary results.

0:12:56.280 --> 0:12:58.559
<v Speaker 3>And for more where you're joined by Bloomberg News Senior

0:12:58.679 --> 0:13:02.000
<v Speaker 3>editor Bill Ferry. You know, Bill, it's amazing to think

0:13:02.040 --> 0:13:04.640
<v Speaker 3>about the fact that the polls say this is the

0:13:04.679 --> 0:13:08.960
<v Speaker 3>rematch that most voters don't want, but the voters certainly

0:13:09.040 --> 0:13:10.120
<v Speaker 3>sealed it early.

0:13:11.080 --> 0:13:13.600
<v Speaker 9>Yeah, buckle up, It's going to be quite a long

0:13:13.640 --> 0:13:19.520
<v Speaker 9>election season, Nathan. We've almost never had an outside candidate

0:13:19.960 --> 0:13:24.400
<v Speaker 9>like former President Trump sealed the nomination so quickly. Of course,

0:13:24.440 --> 0:13:26.960
<v Speaker 9>not a surprise that the president of the incumbent did so,

0:13:27.480 --> 0:13:31.240
<v Speaker 9>but this is now, this race is now official, and

0:13:31.480 --> 0:13:33.680
<v Speaker 9>you know it comes I think, let's see you do

0:13:33.760 --> 0:13:37.600
<v Speaker 9>the math, almost eight months before election day, and so

0:13:37.679 --> 0:13:40.040
<v Speaker 9>that that means, especially if you're in one of these

0:13:40.080 --> 0:13:44.439
<v Speaker 9>battleground states, You've got eight months of intense lobbying and

0:13:44.480 --> 0:13:48.000
<v Speaker 9>commercials coming your way, and it's going to be you know,

0:13:48.160 --> 0:13:51.880
<v Speaker 9>not surprisingly probably a very nasty fight. And as you said,

0:13:52.400 --> 0:13:57.160
<v Speaker 9>it's the fight that voters in surveys for almost a

0:13:57.240 --> 0:13:59.840
<v Speaker 9>year now said they don't didn't want to see am

0:14:00.000 --> 0:14:03.240
<v Speaker 9>Actually they didn't want but then they defaulted to those

0:14:03.320 --> 0:14:06.320
<v Speaker 9>choices when they went into the primaries voting booths. So

0:14:07.160 --> 0:14:09.640
<v Speaker 9>it's maybe not what they wanted to see, but it's

0:14:09.760 --> 0:14:11.720
<v Speaker 9>in some weird ways, it's what they've asked for.

0:14:11.960 --> 0:14:16.520
<v Speaker 3>Well, it says something about how this process is decided.

0:14:16.640 --> 0:14:21.840
<v Speaker 3>You have base voters going into primary elections. It raises

0:14:21.880 --> 0:14:25.720
<v Speaker 3>the question about what general election voters are going to

0:14:25.800 --> 0:14:30.000
<v Speaker 3>do when we have this long slog into November, raising

0:14:30.000 --> 0:14:32.560
<v Speaker 3>the question about whether we're going to see voter fatigue

0:14:32.560 --> 0:14:33.120
<v Speaker 3>along the way.

0:14:34.000 --> 0:14:34.200
<v Speaker 8>Yeah.

0:14:34.240 --> 0:14:38.239
<v Speaker 9>Absolutely. I mean it's always been the most motivated, hardcore

0:14:38.320 --> 0:14:41.640
<v Speaker 9>voters in both parties who turn out for these primaries.

0:14:42.040 --> 0:14:44.560
<v Speaker 9>And you know, when you look you look at the

0:14:44.640 --> 0:14:47.720
<v Speaker 9>on the Republican side, you did see, interestingly, you know,

0:14:47.840 --> 0:14:51.600
<v Speaker 9>a fairly notable percentage of voters who went for Nicki

0:14:51.640 --> 0:14:54.720
<v Speaker 9>Haley there at the end, anywhere from about twenty percent

0:14:54.800 --> 0:14:57.480
<v Speaker 9>to forty percent. And some of those primaries we saw

0:14:57.880 --> 0:15:01.240
<v Speaker 9>from South Carolina, Haley's home state, and including the Super

0:15:01.280 --> 0:15:05.280
<v Speaker 9>Tuesday States last week, So there is there is definitely

0:15:05.320 --> 0:15:08.000
<v Speaker 9>a swath even of the people who vote in the primaries,

0:15:08.040 --> 0:15:11.160
<v Speaker 9>who had some second thoughts about Donald Trump, and that's

0:15:11.720 --> 0:15:14.160
<v Speaker 9>that's gonna be a big question mark hanging over the

0:15:14.160 --> 0:15:17.280
<v Speaker 9>Republican side of this campaign is where do those voters

0:15:17.320 --> 0:15:19.920
<v Speaker 9>go do they do they get back in the fold

0:15:19.960 --> 0:15:23.280
<v Speaker 9>and go with their nominee Trump, Do they stay home

0:15:23.680 --> 0:15:26.240
<v Speaker 9>on election Day? Or do they turn around and go

0:15:26.320 --> 0:15:28.920
<v Speaker 9>for Biden? You know, it depends on how strongly they

0:15:29.000 --> 0:15:32.440
<v Speaker 9>felt about Trump in the end, and we just don't know,

0:15:32.520 --> 0:15:34.160
<v Speaker 9>and that's going to be a lot of attention is

0:15:34.200 --> 0:15:36.800
<v Speaker 9>going to be focused on those voters going forward. And

0:15:36.840 --> 0:15:39.320
<v Speaker 9>on the Democratic side, you have a lot of Democrats

0:15:39.360 --> 0:15:43.280
<v Speaker 9>themselves who say they're concerned about the president's age and

0:15:43.640 --> 0:15:46.040
<v Speaker 9>will they you know, will they rally themselves to show

0:15:46.120 --> 0:15:48.680
<v Speaker 9>up in November, or will they stay home or will

0:15:48.680 --> 0:15:51.440
<v Speaker 9>they look Will people on both sides look for one

0:15:51.480 --> 0:15:54.160
<v Speaker 9>of these for a third party candidate like Robert Kennedy

0:15:54.640 --> 0:15:57.760
<v Speaker 9>And it's a big x X mark in terms of

0:15:57.800 --> 0:16:00.720
<v Speaker 9>how how he could affect the campaign because if that

0:16:00.880 --> 0:16:01.400
<v Speaker 9>keeps going.

0:16:04.000 --> 0:16:07.040
<v Speaker 2>This is Bloomberg Daybreak Today, your morning brief on the

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