WEBVTT - Corr: infiltrating terrorist

0:00:02.400 --> 0:00:05.800
<v Speaker 1>Global business news twenty four hours a day. If Bloomberg

0:00:05.840 --> 0:00:08.920
<v Speaker 1>dot com, the radio plus mobile app and on your radio.

0:00:09.200 --> 0:00:13.240
<v Speaker 1>This is a Bloomberg Business Flash and I'm Karen Moscow.

0:00:13.440 --> 0:00:17.560
<v Speaker 1>US stock index Future is moving lower following the explosions

0:00:17.600 --> 0:00:20.000
<v Speaker 1>in Brussels. Let's go to the First Word breaking news

0:00:20.040 --> 0:00:23.360
<v Speaker 1>desk for today's morning call. Here's Bill Maloney. Good morning Bill,

0:00:23.600 --> 0:00:26.279
<v Speaker 1>Good morning Karen. That's right. US futures are lower in

0:00:26.280 --> 0:00:28.760
<v Speaker 1>the wake of the Brussels attacks. Doubt Future is currently

0:00:28.760 --> 0:00:31.080
<v Speaker 1>lower by fifty eight points, says Bees dropped nine and

0:00:31.080 --> 0:00:33.920
<v Speaker 1>a half and AzaC futures declined by twenty two and

0:00:33.920 --> 0:00:36.520
<v Speaker 1>a half. He was ten Yield at one point eight

0:00:36.600 --> 0:00:39.559
<v Speaker 1>nine per cent, and in Europe, Spain, in Italy each

0:00:39.640 --> 0:00:42.440
<v Speaker 1>drop one per cent. On the US economic front at

0:00:42.479 --> 0:00:46.240
<v Speaker 1>nine o'clock House Price in Decks at Market US Manufacturing

0:00:46.240 --> 0:00:49.480
<v Speaker 1>p m I and at ten o'clock Richmond fed after

0:00:49.520 --> 0:00:51.840
<v Speaker 1>de Bellas night matches from your at just EPs few

0:00:51.840 --> 0:00:55.400
<v Speaker 1>trailed lowest estimates. Finally, some of your Wall Street upgrades

0:00:55.440 --> 0:00:58.160
<v Speaker 1>and downgrades. Yahoo cut the neutral over at City Group,

0:00:58.360 --> 0:01:01.120
<v Speaker 1>Scott's miracle growth cuts the neutral at Hate Morgan when

0:01:01.160 --> 0:01:04.520
<v Speaker 1>resorts raised to overweight at Morgan Stanley, at Raymond James

0:01:04.640 --> 0:01:08.640
<v Speaker 1>Chevron cut to market perform, Amazon cut to outperform, and

0:01:08.680 --> 0:01:12.720
<v Speaker 1>finally Zillo raised outperform at RBC Live in the first

0:01:12.720 --> 0:01:16.120
<v Speaker 1>Breaking News dascom, Bill Maloney Karen her thanks Bill to

0:01:16.160 --> 0:01:18.680
<v Speaker 1>hear live breaking news over your Bloomberg type squawk and

0:01:18.760 --> 0:01:21.360
<v Speaker 1>go on your terminal, and that's the Bloomberg business flash.

0:01:21.440 --> 0:01:24.560
<v Speaker 1>Tom and Mike Karen, thanks so much. Bloomberg Surveillance. This

0:01:24.600 --> 0:01:28.800
<v Speaker 1>morning has always brought you by Investco. Investing isn't about

0:01:28.840 --> 0:01:32.399
<v Speaker 1>meeting benchmarks, It's about achieving goals. Find out how invest

0:01:32.480 --> 0:01:37.480
<v Speaker 1>goes high conviction approach can help. Visit investco dot com

0:01:37.640 --> 0:01:41.520
<v Speaker 1>slash high Conviction. Michael A headline there under Belgium. Folks,

0:01:41.520 --> 0:01:44.320
<v Speaker 1>that headlines that Mike and I get in are truly worldwide.

0:01:44.959 --> 0:01:49.000
<v Speaker 1>We sort through them for the quality headlines. The train

0:01:49.200 --> 0:01:54.520
<v Speaker 1>that you mentioned to the Netherlands, Uh, nothing suspicious found. Yeah,

0:01:54.560 --> 0:01:58.920
<v Speaker 1>the train that was stopped at Hooftorf in Holland was

0:01:59.000 --> 0:02:02.600
<v Speaker 1>searched but police found nothing. It had come from Brussels.

0:02:02.680 --> 0:02:04.680
<v Speaker 1>Will keep you abreast to the headlines. Are Michael Barr

0:02:04.760 --> 0:02:09.040
<v Speaker 1>with further reports worldwide. Bloomberg Radio andres cores with us.

0:02:09.040 --> 0:02:10.679
<v Speaker 1>We're thrilled to bring him to you. What a great

0:02:10.720 --> 0:02:13.480
<v Speaker 1>set of guests this morning, with people that have really

0:02:13.520 --> 0:02:17.200
<v Speaker 1>thought long and hard about this honders. How wide does

0:02:17.240 --> 0:02:23.480
<v Speaker 1>the Atlantic Ocean? It's over there, over there, It's it's

0:02:23.560 --> 0:02:26.160
<v Speaker 1>over there, and you know, I, you know, I think

0:02:26.160 --> 0:02:29.600
<v Speaker 1>of you know, on this morning of tragedy, the immense

0:02:29.680 --> 0:02:32.040
<v Speaker 1>comedy of my childhood, and the Russians are coming. The

0:02:32.080 --> 0:02:35.800
<v Speaker 1>Russians are coming, and the submarines off of Cape Con

0:02:35.960 --> 0:02:38.960
<v Speaker 1>and it's you know, Carl Reiner and the rest of

0:02:38.960 --> 0:02:47.120
<v Speaker 1>them with emergency emergency. There is the lightness within this tragedy.

0:02:47.240 --> 0:02:51.000
<v Speaker 1>But seriously, how wide is the Atlantic Ocean? Well, today

0:02:51.040 --> 0:02:54.800
<v Speaker 1>I think the Atlantic Ocean is paper. Then I think

0:02:55.080 --> 0:02:59.880
<v Speaker 1>Americans and New Yorkers are feeling in solidarity with people

0:02:59.880 --> 0:03:02.680
<v Speaker 1>of Belgium. I know Paris is feeling the same way.

0:03:02.720 --> 0:03:05.280
<v Speaker 1>They're gonna light up the Eiffel Tower in the Belgian

0:03:05.320 --> 0:03:08.760
<v Speaker 1>flag tonight, and I think all our hearts go out

0:03:09.080 --> 0:03:12.280
<v Speaker 1>to Belgium. I think we're all feeling as one right now.

0:03:14.160 --> 0:03:17.040
<v Speaker 1>We we we let's get right of this. So we

0:03:17.040 --> 0:03:20.200
<v Speaker 1>we were talking off the during the break here that

0:03:20.400 --> 0:03:24.520
<v Speaker 1>we approached this all wrong. That politicians standing up and

0:03:24.560 --> 0:03:28.600
<v Speaker 1>demanding we go to war, that we attack, drop bombs,

0:03:28.680 --> 0:03:32.440
<v Speaker 1>that sort of thing is not going to stop this. Yeah. Well,

0:03:32.480 --> 0:03:36.320
<v Speaker 1>I mean what you see is French President Um saying

0:03:36.320 --> 0:03:39.000
<v Speaker 1>that he's at war and he's ready. He's you know

0:03:39.280 --> 0:03:44.360
<v Speaker 1>last time when when Headdow happened, he he attacked you know,

0:03:44.480 --> 0:03:49.640
<v Speaker 1>with Mirage Plains and he attacked in Syrian Iraq. And

0:03:49.680 --> 0:03:54.680
<v Speaker 1>I think that unfortunately, that's that's not really the the

0:03:54.800 --> 0:03:59.880
<v Speaker 1>approach to take here. The approach is really to really think,

0:04:00.040 --> 0:04:04.360
<v Speaker 1>how can we find these terrorists that are in our midst?

0:04:04.440 --> 0:04:06.680
<v Speaker 1>I mean, we knew that these guys were in malin

0:04:07.360 --> 0:04:10.000
<v Speaker 1>Broke whatever it's called from. Is there a model from

0:04:10.040 --> 0:04:13.320
<v Speaker 1>the French resistance? Is there a model from you know,

0:04:13.360 --> 0:04:15.760
<v Speaker 1>the courage that we saw on World War two or

0:04:15.880 --> 0:04:21.720
<v Speaker 1>onward of infil trading to infiltrate and figure out these networks,

0:04:21.760 --> 0:04:24.279
<v Speaker 1>and we need to get them before they get up

0:04:24.600 --> 0:04:30.240
<v Speaker 1>apply We don't. Apple is keeping their phones locked up.

0:04:30.279 --> 0:04:32.919
<v Speaker 1>We can't get into those even it's a terrorist phone,

0:04:32.960 --> 0:04:36.200
<v Speaker 1>We the US government can't get into that phone. Right.

0:04:36.240 --> 0:04:38.880
<v Speaker 1>We need a law that says the US government can

0:04:39.000 --> 0:04:45.320
<v Speaker 1>access the phones of terrorists. It's very simple. That's the

0:04:45.480 --> 0:04:48.560
<v Speaker 1>key issue here though, I mean the whole apple issue,

0:04:49.520 --> 0:04:54.640
<v Speaker 1>the whole issue of how you deal with infiltrating terrorists,

0:04:54.720 --> 0:04:57.839
<v Speaker 1>so spying on people. Uh, you've you've got to balance

0:04:57.920 --> 0:05:01.680
<v Speaker 1>civil liberties with at where do you draw the line?

0:05:01.680 --> 0:05:05.000
<v Speaker 1>How do you know where the line even is? Well,

0:05:05.040 --> 0:05:08.120
<v Speaker 1>I think everyone draws the line differently for themselves, depending

0:05:08.160 --> 0:05:11.680
<v Speaker 1>on their own perception of the government. My own perception

0:05:11.720 --> 0:05:13.760
<v Speaker 1>of the U. S Government is that it's here to

0:05:13.800 --> 0:05:17.440
<v Speaker 1>protect us. It's a democracy unlike many countries in the world,

0:05:17.800 --> 0:05:20.359
<v Speaker 1>and it's trying its best to protect us. The people

0:05:20.440 --> 0:05:23.719
<v Speaker 1>that are in the US government are working very hard

0:05:24.120 --> 0:05:28.320
<v Speaker 1>to find those terrorists, but a lot of the laws

0:05:28.360 --> 0:05:30.920
<v Speaker 1>that we have now really hog tie them and make

0:05:30.960 --> 0:05:34.080
<v Speaker 1>it very difficult for them to do it. Today's attack

0:05:34.160 --> 0:05:37.719
<v Speaker 1>could easily have been in New York, in d C, Chicago,

0:05:38.400 --> 0:05:42.320
<v Speaker 1>l A. Is that distinction the width of the Atlantic? Yes,

0:05:42.720 --> 0:05:47.039
<v Speaker 1>it's just that simple. It hasn't happened since uh nine

0:05:47.080 --> 0:05:50.680
<v Speaker 1>eleven here in the US. Do we have better security here?

0:05:52.160 --> 0:05:56.200
<v Speaker 1>I think we probably have better security right now. Also, um,

0:05:56.240 --> 0:06:00.200
<v Speaker 1>I mean Europe is dealing with an influx of pull

0:06:00.320 --> 0:06:05.040
<v Speaker 1>right now. Some of whom may be isis. But you know,

0:06:05.440 --> 0:06:07.880
<v Speaker 1>we take we're very very careful about who we let

0:06:07.920 --> 0:06:10.720
<v Speaker 1>into the United States as far as refugees were letting

0:06:10.720 --> 0:06:14.719
<v Speaker 1>in a much smaller percentage um. But that but keeping

0:06:14.720 --> 0:06:18.359
<v Speaker 1>refugees out is actually the wrong approach. Well, then what

0:06:18.600 --> 0:06:22.839
<v Speaker 1>is the right approach to create knowledge about people that

0:06:23.000 --> 0:06:28.640
<v Speaker 1>choose to harm us. We've got to allow and enable

0:06:28.839 --> 0:06:33.039
<v Speaker 1>our government to protect us. And that doesn't mean putting

0:06:33.240 --> 0:06:38.680
<v Speaker 1>a few policemen at subway station. It means allowing them

0:06:38.839 --> 0:06:43.480
<v Speaker 1>to access the technology that they need to look into

0:06:43.560 --> 0:06:46.960
<v Speaker 1>and find the terrorists through their emails. Were out of

0:06:46.960 --> 0:06:49.080
<v Speaker 1>phone calls. This is critical, We're out of time. But

0:06:49.120 --> 0:06:54.120
<v Speaker 1>the distinction you place a political is we need a

0:06:54.120 --> 0:06:58.880
<v Speaker 1>technocratic solution, a technology solution. Yeah, this course, thank you

0:06:58.920 --> 0:07:02.320
<v Speaker 1>so much. On short notice. Today he's with Core Analytics.

0:07:03.080 --> 0:07:06.880
<v Speaker 1>I provides his perspective on international relations and also the

0:07:06.920 --> 0:07:10.080
<v Speaker 1>defense matters of the United States. Mike, do you see

0:07:10.080 --> 0:07:14.920
<v Speaker 1>any new headlines? But we should well. President Delande, after

0:07:14.960 --> 0:07:17.200
<v Speaker 1>saying we are at war in his addressed to the

0:07:17.280 --> 0:07:20.840
<v Speaker 1>French people, says France will take all measures to guarantee safety.

0:07:20.920 --> 0:07:25.280
<v Speaker 1>He's trying to reassure investors that the security environment is safe.

0:07:25.280 --> 0:07:29.840
<v Speaker 1>According to Rebecca Christie, a reporter in Paris and again

0:07:29.840 --> 0:07:32.520
<v Speaker 1>a headline out here this twenty minutes ago, the New

0:07:32.600 --> 0:07:36.120
<v Speaker 1>York Police Department no known indication Belgium attack has any

0:07:36.200 --> 0:07:40.240
<v Speaker 1>nexus to New York City. Michael McKee and Tom King

0:07:40.360 --> 0:07:46.120
<v Speaker 1>from our World headquarters in New York, Bloomberg Surveillance coming

0:07:46.160 --> 0:07:48.160
<v Speaker 1>up there with all due respect. Highlight brought you by Landover.

0:07:48.240 --> 0:07:49.640
<v Speaker 1>If it's in your nature to cast off the every

0:07:49.680 --> 0:07:51.640
<v Speaker 1>day and seek adventure, the Discovery Sport was built to

0:07:51.640 --> 0:07:53.720
<v Speaker 1>help your search. Visit landrover tri state dot com for

0:07:53.720 --> 0:07:56.800
<v Speaker 1>special offers during the only adventure sales of it Landroverer

0:07:56.840 --> 0:07:57.520
<v Speaker 1>above and beyond