1 00:00:02,400 --> 00:00:05,800 Speaker 1: Global business news twenty four hours a day. If Bloomberg 2 00:00:05,840 --> 00:00:08,920 Speaker 1: dot com, the radio plus mobile app and on your radio. 3 00:00:09,200 --> 00:00:13,240 Speaker 1: This is a Bloomberg Business Flash and I'm Karen Moscow. 4 00:00:13,440 --> 00:00:17,560 Speaker 1: US stock index Future is moving lower following the explosions 5 00:00:17,600 --> 00:00:20,000 Speaker 1: in Brussels. Let's go to the First Word breaking news 6 00:00:20,040 --> 00:00:23,360 Speaker 1: desk for today's morning call. Here's Bill Maloney. Good morning Bill, 7 00:00:23,600 --> 00:00:26,279 Speaker 1: Good morning Karen. That's right. US futures are lower in 8 00:00:26,280 --> 00:00:28,760 Speaker 1: the wake of the Brussels attacks. Doubt Future is currently 9 00:00:28,760 --> 00:00:31,080 Speaker 1: lower by fifty eight points, says Bees dropped nine and 10 00:00:31,080 --> 00:00:33,920 Speaker 1: a half and AzaC futures declined by twenty two and 11 00:00:33,920 --> 00:00:36,520 Speaker 1: a half. He was ten Yield at one point eight 12 00:00:36,600 --> 00:00:39,559 Speaker 1: nine per cent, and in Europe, Spain, in Italy each 13 00:00:39,640 --> 00:00:42,440 Speaker 1: drop one per cent. On the US economic front at 14 00:00:42,479 --> 00:00:46,240 Speaker 1: nine o'clock House Price in Decks at Market US Manufacturing 15 00:00:46,240 --> 00:00:49,480 Speaker 1: p m I and at ten o'clock Richmond fed after 16 00:00:49,520 --> 00:00:51,840 Speaker 1: de Bellas night matches from your at just EPs few 17 00:00:51,840 --> 00:00:55,400 Speaker 1: trailed lowest estimates. Finally, some of your Wall Street upgrades 18 00:00:55,440 --> 00:00:58,160 Speaker 1: and downgrades. Yahoo cut the neutral over at City Group, 19 00:00:58,360 --> 00:01:01,120 Speaker 1: Scott's miracle growth cuts the neutral at Hate Morgan when 20 00:01:01,160 --> 00:01:04,520 Speaker 1: resorts raised to overweight at Morgan Stanley, at Raymond James 21 00:01:04,640 --> 00:01:08,640 Speaker 1: Chevron cut to market perform, Amazon cut to outperform, and 22 00:01:08,680 --> 00:01:12,720 Speaker 1: finally Zillo raised outperform at RBC Live in the first 23 00:01:12,720 --> 00:01:16,120 Speaker 1: Breaking News dascom, Bill Maloney Karen her thanks Bill to 24 00:01:16,160 --> 00:01:18,680 Speaker 1: hear live breaking news over your Bloomberg type squawk and 25 00:01:18,760 --> 00:01:21,360 Speaker 1: go on your terminal, and that's the Bloomberg business flash. 26 00:01:21,440 --> 00:01:24,560 Speaker 1: Tom and Mike Karen, thanks so much. Bloomberg Surveillance. This 27 00:01:24,600 --> 00:01:28,800 Speaker 1: morning has always brought you by Investco. Investing isn't about 28 00:01:28,840 --> 00:01:32,399 Speaker 1: meeting benchmarks, It's about achieving goals. Find out how invest 29 00:01:32,480 --> 00:01:37,480 Speaker 1: goes high conviction approach can help. Visit investco dot com 30 00:01:37,640 --> 00:01:41,520 Speaker 1: slash high Conviction. Michael A headline there under Belgium. Folks, 31 00:01:41,520 --> 00:01:44,320 Speaker 1: that headlines that Mike and I get in are truly worldwide. 32 00:01:44,959 --> 00:01:49,000 Speaker 1: We sort through them for the quality headlines. The train 33 00:01:49,200 --> 00:01:54,520 Speaker 1: that you mentioned to the Netherlands, Uh, nothing suspicious found. Yeah, 34 00:01:54,560 --> 00:01:58,920 Speaker 1: the train that was stopped at Hooftorf in Holland was 35 00:01:59,000 --> 00:02:02,600 Speaker 1: searched but police found nothing. It had come from Brussels. 36 00:02:02,680 --> 00:02:04,680 Speaker 1: Will keep you abreast to the headlines. Are Michael Barr 37 00:02:04,760 --> 00:02:09,040 Speaker 1: with further reports worldwide. Bloomberg Radio andres cores with us. 38 00:02:09,040 --> 00:02:10,679 Speaker 1: We're thrilled to bring him to you. What a great 39 00:02:10,720 --> 00:02:13,480 Speaker 1: set of guests this morning, with people that have really 40 00:02:13,520 --> 00:02:17,200 Speaker 1: thought long and hard about this honders. How wide does 41 00:02:17,240 --> 00:02:23,480 Speaker 1: the Atlantic Ocean? It's over there, over there, It's it's 42 00:02:23,560 --> 00:02:26,160 Speaker 1: over there, and you know, I, you know, I think 43 00:02:26,160 --> 00:02:29,600 Speaker 1: of you know, on this morning of tragedy, the immense 44 00:02:29,680 --> 00:02:32,040 Speaker 1: comedy of my childhood, and the Russians are coming. The 45 00:02:32,080 --> 00:02:35,800 Speaker 1: Russians are coming, and the submarines off of Cape Con 46 00:02:35,960 --> 00:02:38,960 Speaker 1: and it's you know, Carl Reiner and the rest of 47 00:02:38,960 --> 00:02:47,120 Speaker 1: them with emergency emergency. There is the lightness within this tragedy. 48 00:02:47,240 --> 00:02:51,000 Speaker 1: But seriously, how wide is the Atlantic Ocean? Well, today 49 00:02:51,040 --> 00:02:54,800 Speaker 1: I think the Atlantic Ocean is paper. Then I think 50 00:02:55,080 --> 00:02:59,880 Speaker 1: Americans and New Yorkers are feeling in solidarity with people 51 00:02:59,880 --> 00:03:02,680 Speaker 1: of Belgium. I know Paris is feeling the same way. 52 00:03:02,720 --> 00:03:05,280 Speaker 1: They're gonna light up the Eiffel Tower in the Belgian 53 00:03:05,320 --> 00:03:08,760 Speaker 1: flag tonight, and I think all our hearts go out 54 00:03:09,080 --> 00:03:12,280 Speaker 1: to Belgium. I think we're all feeling as one right now. 55 00:03:14,160 --> 00:03:17,040 Speaker 1: We we we let's get right of this. So we 56 00:03:17,040 --> 00:03:20,200 Speaker 1: we were talking off the during the break here that 57 00:03:20,400 --> 00:03:24,520 Speaker 1: we approached this all wrong. That politicians standing up and 58 00:03:24,560 --> 00:03:28,600 Speaker 1: demanding we go to war, that we attack, drop bombs, 59 00:03:28,680 --> 00:03:32,440 Speaker 1: that sort of thing is not going to stop this. Yeah. Well, 60 00:03:32,480 --> 00:03:36,320 Speaker 1: I mean what you see is French President Um saying 61 00:03:36,320 --> 00:03:39,000 Speaker 1: that he's at war and he's ready. He's you know 62 00:03:39,280 --> 00:03:44,360 Speaker 1: last time when when Headdow happened, he he attacked you know, 63 00:03:44,480 --> 00:03:49,640 Speaker 1: with Mirage Plains and he attacked in Syrian Iraq. And 64 00:03:49,680 --> 00:03:54,680 Speaker 1: I think that unfortunately, that's that's not really the the 65 00:03:54,800 --> 00:03:59,880 Speaker 1: approach to take here. The approach is really to really think, 66 00:04:00,040 --> 00:04:04,360 Speaker 1: how can we find these terrorists that are in our midst? 67 00:04:04,440 --> 00:04:06,680 Speaker 1: I mean, we knew that these guys were in malin 68 00:04:07,360 --> 00:04:10,000 Speaker 1: Broke whatever it's called from. Is there a model from 69 00:04:10,040 --> 00:04:13,320 Speaker 1: the French resistance? Is there a model from you know, 70 00:04:13,360 --> 00:04:15,760 Speaker 1: the courage that we saw on World War two or 71 00:04:15,880 --> 00:04:21,720 Speaker 1: onward of infil trading to infiltrate and figure out these networks, 72 00:04:21,760 --> 00:04:24,279 Speaker 1: and we need to get them before they get up 73 00:04:24,600 --> 00:04:30,240 Speaker 1: apply We don't. Apple is keeping their phones locked up. 74 00:04:30,279 --> 00:04:32,919 Speaker 1: We can't get into those even it's a terrorist phone, 75 00:04:32,960 --> 00:04:36,200 Speaker 1: We the US government can't get into that phone. Right. 76 00:04:36,240 --> 00:04:38,880 Speaker 1: We need a law that says the US government can 77 00:04:39,000 --> 00:04:45,320 Speaker 1: access the phones of terrorists. It's very simple. That's the 78 00:04:45,480 --> 00:04:48,560 Speaker 1: key issue here though, I mean the whole apple issue, 79 00:04:49,520 --> 00:04:54,640 Speaker 1: the whole issue of how you deal with infiltrating terrorists, 80 00:04:54,720 --> 00:04:57,839 Speaker 1: so spying on people. Uh, you've you've got to balance 81 00:04:57,920 --> 00:05:01,680 Speaker 1: civil liberties with at where do you draw the line? 82 00:05:01,680 --> 00:05:05,000 Speaker 1: How do you know where the line even is? Well, 83 00:05:05,040 --> 00:05:08,120 Speaker 1: I think everyone draws the line differently for themselves, depending 84 00:05:08,160 --> 00:05:11,680 Speaker 1: on their own perception of the government. My own perception 85 00:05:11,720 --> 00:05:13,760 Speaker 1: of the U. S Government is that it's here to 86 00:05:13,800 --> 00:05:17,440 Speaker 1: protect us. It's a democracy unlike many countries in the world, 87 00:05:17,800 --> 00:05:20,359 Speaker 1: and it's trying its best to protect us. The people 88 00:05:20,440 --> 00:05:23,719 Speaker 1: that are in the US government are working very hard 89 00:05:24,120 --> 00:05:28,320 Speaker 1: to find those terrorists, but a lot of the laws 90 00:05:28,360 --> 00:05:30,920 Speaker 1: that we have now really hog tie them and make 91 00:05:30,960 --> 00:05:34,080 Speaker 1: it very difficult for them to do it. Today's attack 92 00:05:34,160 --> 00:05:37,719 Speaker 1: could easily have been in New York, in d C, Chicago, 93 00:05:38,400 --> 00:05:42,320 Speaker 1: l A. Is that distinction the width of the Atlantic? Yes, 94 00:05:42,720 --> 00:05:47,039 Speaker 1: it's just that simple. It hasn't happened since uh nine 95 00:05:47,080 --> 00:05:50,680 Speaker 1: eleven here in the US. Do we have better security here? 96 00:05:52,160 --> 00:05:56,200 Speaker 1: I think we probably have better security right now. Also, um, 97 00:05:56,240 --> 00:06:00,200 Speaker 1: I mean Europe is dealing with an influx of pull 98 00:06:00,320 --> 00:06:05,040 Speaker 1: right now. Some of whom may be isis. But you know, 99 00:06:05,440 --> 00:06:07,880 Speaker 1: we take we're very very careful about who we let 100 00:06:07,920 --> 00:06:10,720 Speaker 1: into the United States as far as refugees were letting 101 00:06:10,720 --> 00:06:14,719 Speaker 1: in a much smaller percentage um. But that but keeping 102 00:06:14,720 --> 00:06:18,359 Speaker 1: refugees out is actually the wrong approach. Well, then what 103 00:06:18,600 --> 00:06:22,839 Speaker 1: is the right approach to create knowledge about people that 104 00:06:23,000 --> 00:06:28,640 Speaker 1: choose to harm us. We've got to allow and enable 105 00:06:28,839 --> 00:06:33,039 Speaker 1: our government to protect us. And that doesn't mean putting 106 00:06:33,240 --> 00:06:38,680 Speaker 1: a few policemen at subway station. It means allowing them 107 00:06:38,839 --> 00:06:43,480 Speaker 1: to access the technology that they need to look into 108 00:06:43,560 --> 00:06:46,960 Speaker 1: and find the terrorists through their emails. Were out of 109 00:06:46,960 --> 00:06:49,080 Speaker 1: phone calls. This is critical, We're out of time. But 110 00:06:49,120 --> 00:06:54,120 Speaker 1: the distinction you place a political is we need a 111 00:06:54,120 --> 00:06:58,880 Speaker 1: technocratic solution, a technology solution. Yeah, this course, thank you 112 00:06:58,920 --> 00:07:02,320 Speaker 1: so much. On short notice. Today he's with Core Analytics. 113 00:07:03,080 --> 00:07:06,880 Speaker 1: I provides his perspective on international relations and also the 114 00:07:06,920 --> 00:07:10,080 Speaker 1: defense matters of the United States. Mike, do you see 115 00:07:10,080 --> 00:07:14,920 Speaker 1: any new headlines? But we should well. President Delande, after 116 00:07:14,960 --> 00:07:17,200 Speaker 1: saying we are at war in his addressed to the 117 00:07:17,280 --> 00:07:20,840 Speaker 1: French people, says France will take all measures to guarantee safety. 118 00:07:20,920 --> 00:07:25,280 Speaker 1: He's trying to reassure investors that the security environment is safe. 119 00:07:25,280 --> 00:07:29,840 Speaker 1: According to Rebecca Christie, a reporter in Paris and again 120 00:07:29,840 --> 00:07:32,520 Speaker 1: a headline out here this twenty minutes ago, the New 121 00:07:32,600 --> 00:07:36,120 Speaker 1: York Police Department no known indication Belgium attack has any 122 00:07:36,200 --> 00:07:40,240 Speaker 1: nexus to New York City. Michael McKee and Tom King 123 00:07:40,360 --> 00:07:46,120 Speaker 1: from our World headquarters in New York, Bloomberg Surveillance coming 124 00:07:46,160 --> 00:07:48,160 Speaker 1: up there with all due respect. 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