1
00:00:02,520 --> 00:00:07,000
Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

2
00:00:09,960 --> 00:00:13,160
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

3
00:00:13,160 --> 00:00:14,920
Speaker 2: are the stories we're following today.

4
00:00:15,560 --> 00:00:19,120
Speaker 3: Karen, we begin with a delicate diplomatic situation for President Trump.

5
00:00:19,200 --> 00:00:23,080
Speaker 3: As tensions rise between China and Japan over the status

6
00:00:23,079 --> 00:00:26,240
Speaker 3: of Taiwan. The President held back to back phone calls

7
00:00:26,239 --> 00:00:29,120
Speaker 3: with the leaders of both countries. China's Foreign ministry says

8
00:00:29,160 --> 00:00:33,080
Speaker 3: the US initiated the hour long conversation with President Shi Jinping.

9
00:00:33,400 --> 00:00:36,360
Speaker 3: Bloomberg's minmn Low reports for President Trump, the focus was

10
00:00:36,479 --> 00:00:38,240
Speaker 3: keeping trade talks on track.

11
00:00:38,720 --> 00:00:43,159
Speaker 4: Trump's true social post was very much about soybeans, about

12
00:00:43,200 --> 00:00:46,920
Speaker 4: fentanel about trade, and didn't really mention Japan and Taiwan.

13
00:00:46,960 --> 00:00:50,680
Speaker 4: But the Chinese readout heavily focused on Taiwan and Ukraine.

14
00:00:51,000 --> 00:00:53,800
Speaker 4: China also mentioning, you know, it wants to see both sides,

15
00:00:53,880 --> 00:00:56,920
Speaker 4: Ukraine and Russia keeping to a binding Keys agreement, but

16
00:00:57,000 --> 00:00:58,520
Speaker 4: definitely Japan was a part of it.

17
00:00:58,840 --> 00:01:02,240
Speaker 3: In Bloomberg's Minmnlow reports, President Trump then called Japan's Prime

18
00:01:02,240 --> 00:01:06,080
Speaker 3: Minister Sanaetaka Iichi to reaffirm their ties, and he signed

19
00:01:06,120 --> 00:01:09,039
Speaker 3: the US as siding with Japan on Taiwan could jeopardize

20
00:01:09,040 --> 00:01:12,119
Speaker 3: the trade truce that saw China suspend many rare earth

21
00:01:12,120 --> 00:01:16,199
Speaker 3: restrictions while the US lowered fentanyl related tariffs. President Trump

22
00:01:16,280 --> 00:01:18,720
Speaker 3: sends say plans to visit China in April.

23
00:01:19,200 --> 00:01:21,520
Speaker 2: Now Nathan to the latest on efforts to end the

24
00:01:21,560 --> 00:01:25,680
Speaker 2: war in Ukraine. The fighting continued overnight, with heavy Russian

25
00:01:25,880 --> 00:01:29,080
Speaker 2: drone and missile attacks on Kiev and Ukrainian assaults on

26
00:01:29,160 --> 00:01:33,480
Speaker 2: southern Russia. These changes came after President Trump suggested big

27
00:01:33,520 --> 00:01:36,039
Speaker 2: progress is being made on a deal to end the

28
00:01:36,080 --> 00:01:39,600
Speaker 2: fighting following weekend talks in Geneva. White House Press Secretary

29
00:01:39,680 --> 00:01:42,679
Speaker 2: Caroline Levitt says he still hopes a deal can get

30
00:01:42,680 --> 00:01:43,880
Speaker 2: done by Thanksgiving.

31
00:01:44,200 --> 00:01:47,360
Speaker 5: He wants to see the killing stop. As for any deadlines,

32
00:01:47,360 --> 00:01:49,840
Speaker 5: he wants to see this end as soon as possible.

33
00:01:50,120 --> 00:01:53,240
Speaker 2: Press Secretary Caroline Levitt, speaking at the White House after

34
00:01:53,360 --> 00:01:56,920
Speaker 2: Ukraine and European officials presented a counter offer to the

35
00:01:57,040 --> 00:01:59,880
Speaker 2: US's twenty eight point peace plan. We get more with

36
00:01:59,880 --> 00:02:02,040
Speaker 2: the Bloomberg's Oliver Krook in Brussels.

37
00:02:02,200 --> 00:02:04,240
Speaker 6: It appears that now it's the sort of nineteen point

38
00:02:04,280 --> 00:02:06,760
Speaker 6: plan that's sort of the living document that the United

39
00:02:06,760 --> 00:02:08,840
Speaker 6: States is working from and now is going to have

40
00:02:08,880 --> 00:02:11,200
Speaker 6: to obviously take that back to the Russian side. The

41
00:02:11,200 --> 00:02:13,480
Speaker 6: commentary from the Russian side so far as that the

42
00:02:13,680 --> 00:02:16,639
Speaker 6: nineteen point plan is a non starter. We understand also

43
00:02:16,680 --> 00:02:19,840
Speaker 6: from Zelensky, who briefed the people of Ukraine last night

44
00:02:19,840 --> 00:02:22,160
Speaker 6: as he does every night, that after the Geneva talks,

45
00:02:22,200 --> 00:02:24,360
Speaker 6: that's no longer the twenty eight point plan. Many of

46
00:02:24,360 --> 00:02:28,440
Speaker 6: the right elements have been taken into account into that framework.

47
00:02:28,360 --> 00:02:32,040
Speaker 2: And Bloomer's Oliver kruk rapports Army Secretary Dan Driscoll will

48
00:02:32,080 --> 00:02:35,840
Speaker 2: meet with a Russian delegation in Abu Dhabi today. Ukraine's

49
00:02:35,880 --> 00:02:39,840
Speaker 2: Defense secretary says President Vladimir Zelenski wants a visit with

50
00:02:39,919 --> 00:02:42,840
Speaker 2: President Trump in the US by the end of the month.

51
00:02:43,080 --> 00:02:45,920
Speaker 3: Well Karen, the European Unions rejected a US demand to

52
00:02:45,919 --> 00:02:48,600
Speaker 3: ease its tech regulations in return for lower steel and

53
00:02:48,680 --> 00:02:51,920
Speaker 3: aluminum tariffs he used. Anti trust chief says the block's

54
00:02:51,960 --> 00:02:55,400
Speaker 3: digital rule book is quote not up for negotiation. The

55
00:02:55,440 --> 00:02:59,120
Speaker 3: comments come after Commerce Secretary Howard Ludnik told Bloomberg the

56
00:02:59,120 --> 00:03:03,519
Speaker 3: Trump administration could relax levies in return for the digital rollback.

57
00:03:04,040 --> 00:03:07,000
Speaker 7: So we're talking to them about take your foot off

58
00:03:07,000 --> 00:03:12,200
Speaker 7: the regulatory statement, build those data centers in America, and

59
00:03:12,560 --> 00:03:15,080
Speaker 7: in exchange for that, we'll come up with a cool

60
00:03:15,440 --> 00:03:17,800
Speaker 7: steel and aluminum deal that we'll all be together.

61
00:03:18,480 --> 00:03:22,480
Speaker 3: Commerce Secretary Howard Lutnix spoke yesterday right here on Bloomberg Radio.

62
00:03:22,760 --> 00:03:26,000
Speaker 3: The Trump administration has long fumed that the EU treats

63
00:03:26,040 --> 00:03:29,680
Speaker 3: American tech giants unfairly, pointing to both its regulations and

64
00:03:29,960 --> 00:03:33,040
Speaker 3: large finds the block is imposed on firms like Google.

65
00:03:33,720 --> 00:03:34,040
Speaker 1: Nathan.

66
00:03:34,040 --> 00:03:36,560
Speaker 2: The White House says President Trump is still working on

67
00:03:36,600 --> 00:03:40,840
Speaker 2: a proposal to address a spike in Obamacare health insurance premiums,

68
00:03:40,880 --> 00:03:44,600
Speaker 2: but the eventual plan may differ significantly from details reported

69
00:03:44,600 --> 00:03:48,200
Speaker 2: over the weekend. Kate Sullivan covers the White House for Bloomberg.

70
00:03:48,600 --> 00:03:51,360
Speaker 8: There really is added pressure on the White House right

71
00:03:51,400 --> 00:03:54,320
Speaker 8: now to address these rising costs, to bring these costs down,

72
00:03:54,400 --> 00:03:58,080
Speaker 8: because there's been really a renewed focus on affordability and

73
00:03:58,240 --> 00:04:02,080
Speaker 8: rising costs. This was a winning message for Democrats recently

74
00:04:02,120 --> 00:04:04,760
Speaker 8: on election Day. This is something that the White House

75
00:04:04,800 --> 00:04:07,480
Speaker 8: knows that they need to really recalibrate their message on.

76
00:04:07,600 --> 00:04:11,040
Speaker 8: We've heard the President really speak a lot more about affordability.

77
00:04:11,080 --> 00:04:15,200
Speaker 2: Recently, Bloomberg Kate Sullivan says the eventual proposal is expected

78
00:04:15,240 --> 00:04:18,760
Speaker 2: to include extended subsidies for those purchasing health insurance on

79
00:04:18,800 --> 00:04:22,600
Speaker 2: the Affordable Care Act exchanges with new income limits, and

80
00:04:22,640 --> 00:04:26,120
Speaker 2: a requirement for enrolllas to pay a nominal monthly premium.

81
00:04:26,520 --> 00:04:30,480
Speaker 3: Turning to the markets, now, Karen futures are lower Following

82
00:04:30,560 --> 00:04:34,000
Speaker 3: yesterday's tech led rally. On Wall Street, the NASDAK gained

83
00:04:34,040 --> 00:04:37,600
Speaker 3: two point seven percent, but this morning, Nvidia shares are

84
00:04:37,640 --> 00:04:40,760
Speaker 3: down more than three percent. For more on what's behind

85
00:04:40,760 --> 00:04:44,560
Speaker 3: the decline, we're joined by Bloomberg's Lisa Matteo, Lisa Hey.

86
00:04:44,560 --> 00:04:47,640
Speaker 9: Nathan Yeah. The industry's best selling accelerator, known as the

87
00:04:47,680 --> 00:04:50,800
Speaker 9: gold standard for big tech firm startups, it's in for

88
00:04:50,880 --> 00:04:54,400
Speaker 9: some competition. Meta reportedly and talks to spend billions on

89
00:04:54,480 --> 00:04:58,680
Speaker 9: Google's AI chips. They're known as tensor processing units or TPUs.

90
00:04:58,960 --> 00:05:01,640
Speaker 9: They're going to be in data sent in twenty twenty seven.

91
00:05:02,000 --> 00:05:05,120
Speaker 9: Sources tell the Information. Meta also may rent chips from

92
00:05:05,160 --> 00:05:08,080
Speaker 9: Google's cloud division next year. Now when agreement would really

93
00:05:08,120 --> 00:05:12,200
Speaker 9: help establish TPUs as this alternative to in video chips. Now,

94
00:05:12,240 --> 00:05:14,800
Speaker 9: shares of Alphabet they're up about three percent, and that's

95
00:05:14,800 --> 00:05:17,720
Speaker 9: adding to that recent surge on optimism over its latest

96
00:05:17,920 --> 00:05:21,560
Speaker 9: Gemini AI model. Lisa Matteo, Bloomberg Radio, All.

97
00:05:21,480 --> 00:05:24,560
Speaker 2: Right, Lisa, thank you. Another tech giant is making headlines

98
00:05:24,600 --> 00:05:27,760
Speaker 2: this morning. Rare layoffs at Apple. The iPhone maker is

99
00:05:27,800 --> 00:05:31,480
Speaker 2: eliminating dozens of sales rules in a bid too streamline

100
00:05:31,480 --> 00:05:34,600
Speaker 2: the way it offers products to businesses, schools, and governments.

101
00:05:34,800 --> 00:05:37,760
Speaker 2: It's unusual for Apple to make cuts across an organization,

102
00:05:37,880 --> 00:05:40,360
Speaker 2: and the layoffs game is a surprise to those affected.

103
00:05:40,640 --> 00:05:44,000
Speaker 2: The move is especially notable because revenue has been growing

104
00:05:44,040 --> 00:05:46,919
Speaker 2: at the fastest clip in years. Apple's on track to

105
00:05:46,960 --> 00:05:49,840
Speaker 2: generate sales of nearly one hundred and forty billion dollars

106
00:05:49,839 --> 00:05:52,920
Speaker 2: in the December quarter, smashing its previous record.

107
00:05:53,120 --> 00:05:53,520
Speaker 10: Well careen.

108
00:05:53,560 --> 00:05:56,760
Speaker 3: The intense selling pressure that's weighed on Bitcoin in recent

109
00:05:56,800 --> 00:05:59,520
Speaker 3: weeks looks to be easing. It's raising hopes that the

110
00:05:59,560 --> 00:06:03,040
Speaker 3: tokens brutal slide may be near an end. Right now,

111
00:06:03,120 --> 00:06:06,760
Speaker 3: Bitcoin is trading around eighty seven thousand dollars. It's down

112
00:06:06,800 --> 00:06:10,000
Speaker 3: nearly two percent. Bitcoin is on track for its worst

113
00:06:10,040 --> 00:06:11,680
Speaker 3: month since twenty twenty two.

114
00:06:12,440 --> 00:06:14,880
Speaker 2: Nathan we now turn to the economy where investors are

115
00:06:14,880 --> 00:06:17,680
Speaker 2: boosting bets on the FED cutting rates next month, and

116
00:06:17,720 --> 00:06:20,839
Speaker 2: FED Governor Christopher Waller is the latest official to call

117
00:06:20,960 --> 00:06:22,359
Speaker 2: for a cut in December.

118
00:06:22,720 --> 00:06:25,200
Speaker 11: The labor market is still weak and not we're getting

119
00:06:25,240 --> 00:06:27,960
Speaker 11: no evidence telling me it's rebounding, and despite what the

120
00:06:28,040 --> 00:06:31,479
Speaker 11: jobs report for September cent So my concern is mainly

121
00:06:31,480 --> 00:06:34,039
Speaker 11: the labor market in terms of our dual mandate. So

122
00:06:34,080 --> 00:06:36,599
Speaker 11: I'm advocating for a rate cut at the next meeting.

123
00:06:36,960 --> 00:06:39,840
Speaker 2: FED Governor Chris Waller made the comments on follxx business

124
00:06:39,880 --> 00:06:42,479
Speaker 2: and right now traders are pricing in a seventy five

125
00:06:42,480 --> 00:06:44,760
Speaker 2: percent of a rate cut next month.

126
00:06:45,000 --> 00:06:48,039
Speaker 3: An important but long delayed look at consumer spending is

127
00:06:48,040 --> 00:06:48,960
Speaker 3: out later this morning.

128
00:06:49,040 --> 00:06:49,320
Speaker 10: Karen.

129
00:06:49,320 --> 00:06:51,719
Speaker 3: We get the details on that from Bloomberg's Tom Busby.

130
00:06:52,760 --> 00:06:55,440
Speaker 12: Just ahead of Thanksgiving, Black Friday and Cyber Monday. The

131
00:06:55,480 --> 00:06:58,440
Speaker 12: Commerce Department is coming out with the shut down related

132
00:06:58,480 --> 00:07:01,520
Speaker 12: September retail sales report later this morning.

133
00:07:01,839 --> 00:07:02,000
Speaker 10: Now.

134
00:07:02,000 --> 00:07:04,840
Speaker 12: Economists tell Bloomberg they expect to see moderated growth ape

135
00:07:04,880 --> 00:07:07,680
Speaker 12: point four percent, following a gain of point six percent

136
00:07:07,800 --> 00:07:12,280
Speaker 12: in August, as many consumers, especially lower wage earners, temper

137
00:07:12,360 --> 00:07:16,200
Speaker 12: their spending because of higher prices, stubbornly high inflation, and

138
00:07:16,360 --> 00:07:20,160
Speaker 12: worries about their jobs as employers curb they're hiring. Tom

139
00:07:20,200 --> 00:07:21,680
Speaker 12: buzby Bloomberg.

140
00:07:21,240 --> 00:07:24,119
Speaker 2: Radio, All right, Tom, thank you. Boeing says it's making

141
00:07:24,200 --> 00:07:27,000
Speaker 2: progress and it's more against defects that it's seven thirty

142
00:07:27,040 --> 00:07:31,160
Speaker 2: seven jet plant factory efforts, including weekly meetings where employees

143
00:07:31,200 --> 00:07:34,880
Speaker 2: discuss on the job impediments and irritance. The company has

144
00:07:34,920 --> 00:07:37,880
Speaker 2: seen encouraging results, including a decline in traveled work and

145
00:07:38,000 --> 00:07:40,880
Speaker 2: lost tools, and is planning to increase seven thirty seven

146
00:07:40,880 --> 00:07:46,440
Speaker 2: output to sixty jets a month. Time now for look

147
00:07:46,480 --> 00:07:48,120
Speaker 2: at some of the other stories making news in New

148
00:07:48,160 --> 00:07:49,720
Speaker 2: York and around the world, and for that we're joined

149
00:07:49,760 --> 00:07:52,240
Speaker 2: by Bloomberg's Michael Barr Michael, good Morning.

150
00:07:52,080 --> 00:07:55,400
Speaker 10: Good morning, Jaron. A federal judge has dismissed the criminal

151
00:07:55,440 --> 00:07:59,760
Speaker 10: cases against former FBI director James Comy and New York

152
00:07:59,760 --> 00:08:03,160
Speaker 10: at Time or any general letitia James. US District Judge

153
00:08:03,200 --> 00:08:07,520
Speaker 10: Cameron McGowan Curry ruled the appointment of Lindsay Halligan as

154
00:08:07,600 --> 00:08:11,600
Speaker 10: interim US attorney for the Eastern District of Virginia was unlawful.

155
00:08:11,840 --> 00:08:14,000
Speaker 10: White House Press Secretary Caroline Levitt.

156
00:08:14,120 --> 00:08:17,000
Speaker 5: The Department of Justice will be appealing very soon, and

157
00:08:17,080 --> 00:08:20,080
Speaker 5: it is our position that Lindsay Halligan is extremely qualified

158
00:08:20,080 --> 00:08:23,200
Speaker 5: for this position, but more importantly, was legally appointed to it.

159
00:08:23,600 --> 00:08:27,920
Speaker 10: The rulings allow prosecutors to potentially refile the cases, although

160
00:08:27,960 --> 00:08:32,440
Speaker 10: Comey's lawyer said the statute of limitations as expired and

161
00:08:32,520 --> 00:08:37,080
Speaker 10: the Justice Department can't reindict him. James's lawyer said that

162
00:08:37,160 --> 00:08:40,640
Speaker 10: they will continue to challenge any further changes. The Pentagon

163
00:08:40,720 --> 00:08:45,040
Speaker 10: says its investigating Democratic Senator Mark Kelly of Arizona over

164
00:08:45,200 --> 00:08:49,240
Speaker 10: possible breaches of military law after the former Navy pilot

165
00:08:49,360 --> 00:08:52,480
Speaker 10: joined a handful of other lawmakers in a video that

166
00:08:52,600 --> 00:08:57,000
Speaker 10: called for US troops to defy illegal orders. The Pentagon

167
00:08:57,120 --> 00:09:00,480
Speaker 10: cited a federal law that allows retired service members to

168
00:09:00,520 --> 00:09:04,040
Speaker 10: be recalled to active duty on orders of the Defense

169
00:09:04,040 --> 00:09:08,680
Speaker 10: Secretary for possible court martial or other measures. Kelly, in

170
00:09:08,720 --> 00:09:11,360
Speaker 10: a statement, says, I've given too much to this country

171
00:09:11,400 --> 00:09:15,439
Speaker 10: to be silenced by bullies. New York prosecutors say they've

172
00:09:15,440 --> 00:09:20,160
Speaker 10: dismantled a sophisticated porch pirate criminal organization on Long Island.

173
00:09:20,520 --> 00:09:24,480
Speaker 10: The Suffolk County Prosecutor's office said that fourteen people face

174
00:09:24,600 --> 00:09:28,560
Speaker 10: up to fifty felony charges. Suffolk County District Attorney Ray

175
00:09:28,600 --> 00:09:33,400
Speaker 10: Tierney says the thieves hacked FedEx's system, placed orders for

176
00:09:33,559 --> 00:09:37,760
Speaker 10: cell phones under bogus names but using real addresses, and

177
00:09:37,880 --> 00:09:40,840
Speaker 10: then wait outside those homes to grab the packages.

178
00:09:41,600 --> 00:09:44,600
Speaker 3: Once they were placed into the system, the co conspiras

179
00:09:44,640 --> 00:09:48,640
Speaker 3: would then contact these runners and tell them these are

180
00:09:48,679 --> 00:09:50,800
Speaker 3: the names, and you're going to go out and pick

181
00:09:50,840 --> 00:09:51,280
Speaker 3: these up.

182
00:09:51,679 --> 00:09:55,000
Speaker 10: DA Tierney says. The stolen phones were allegedly resold in

183
00:09:55,040 --> 00:09:58,520
Speaker 10: the US and internationally global news twenty four hours a

184
00:09:58,600 --> 00:10:01,000
Speaker 10: day and whenever you want it, the Bloomberg News. Now.

185
00:10:01,160 --> 00:10:03,040
Speaker 10: I'm Michael Barm and this is Bloomberg Heron.

186
00:10:03,760 --> 00:10:04,400
Speaker 12: Thanks Michael.

187
00:10:04,559 --> 00:10:07,320
Speaker 2: Time now for our Bloomberg Sports update, and for that

188
00:10:07,480 --> 00:10:09,000
Speaker 2: we bring in John stash Hour.

189
00:10:09,280 --> 00:10:09,839
Speaker 4: Thanks Darren.

190
00:10:09,920 --> 00:10:12,280
Speaker 13: Just two years ago, the Detroit Pistons had a twenty

191
00:10:12,440 --> 00:10:15,760
Speaker 13: eight game losing streak. They just wanted Indiana won twenty

192
00:10:15,800 --> 00:10:19,160
Speaker 13: two to one. Seventeen. This Pistons team has won thirteen

193
00:10:19,240 --> 00:10:21,520
Speaker 13: games in a row to tie the club record. But

194
00:10:21,600 --> 00:10:23,839
Speaker 13: the night football at Saint Declara, the forty nine ers

195
00:10:23,840 --> 00:10:27,080
Speaker 13: math Carolina twenty to nine. Christian McCaffrey for the first

196
00:10:27,080 --> 00:10:29,240
Speaker 13: time facing his former team. He had one hundred and

197
00:10:29,240 --> 00:10:31,920
Speaker 13: forty two yards and scored a touchdown. Joe Burrow hasn't

198
00:10:31,920 --> 00:10:34,040
Speaker 13: played since the toe injuries suffered in Week two. He

199
00:10:34,080 --> 00:10:37,400
Speaker 13: will start for Cincinnati Thursday night in Baltimore. That Joe

200
00:10:37,440 --> 00:10:38,520
Speaker 13: Bloomberg Sports Update.

201
00:10:40,000 --> 00:10:42,920
Speaker 2: Stay with us. More from Bloomberg day Break coming up

202
00:10:43,120 --> 00:10:43,640
Speaker 2: after this.

203
00:10:48,040 --> 00:10:52,200
Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XAM

204
00:10:52,320 --> 00:10:55,160
Speaker 1: and around the world on Bloomberg dot Com and the

205
00:10:55,200 --> 00:10:58,240
Speaker 1: Bloomberg Business Album. This is Bloomberg day Break.

206
00:10:58,320 --> 00:11:00,960
Speaker 3: Good morning, I'm Nathan Hager. The US may find itself

207
00:11:00,960 --> 00:11:03,800
Speaker 3: in a couple of diplomatic balancing acts now. Tensions are

208
00:11:03,880 --> 00:11:06,720
Speaker 3: rising between China and Japan over the status of Taiwan,

209
00:11:06,840 --> 00:11:09,760
Speaker 3: and Russia and Ukraine continue to trade heavy fire as

210
00:11:09,800 --> 00:11:12,320
Speaker 3: the US races to hammer out a plan to end

211
00:11:12,360 --> 00:11:15,320
Speaker 3: nearly four years of war in Europe. For more on

212
00:11:15,360 --> 00:11:17,839
Speaker 3: all this were joined by our chief Asia correspondent for

213
00:11:17,880 --> 00:11:22,240
Speaker 3: Bloomberg News, Rosalind Matheson. Roz Good morning. We know that

214
00:11:22,360 --> 00:11:25,079
Speaker 3: the President held back to back phone calls with the

215
00:11:25,160 --> 00:11:28,719
Speaker 3: leaders of both China and Japan yesterday. What does that

216
00:11:28,760 --> 00:11:30,880
Speaker 3: tell us about where that situation stands.

217
00:11:30,880 --> 00:11:33,040
Speaker 12: Good morning, good morning.

218
00:11:33,040 --> 00:11:33,559
Speaker 9: Well that's right.

219
00:11:33,600 --> 00:11:36,320
Speaker 14: Yeah, he spoke first with the Chinese president cgmping, and

220
00:11:36,320 --> 00:11:39,320
Speaker 14: then subsequently on the phone with the Japanese Prime Minister

221
00:11:39,440 --> 00:11:42,199
Speaker 14: to give her it seems a readoubt of his conversation

222
00:11:42,440 --> 00:11:45,040
Speaker 14: or at least some of it with the Chinese leader,

223
00:11:45,240 --> 00:11:48,240
Speaker 14: and it really shows the delicate diplomatic dance. And we're

224
00:11:48,240 --> 00:11:53,000
Speaker 14: in at the moment, you've got tensions high between China

225
00:11:53,040 --> 00:11:55,880
Speaker 14: and Japan, You've got Taiwan caught in the middle, and

226
00:11:55,920 --> 00:11:58,840
Speaker 14: the US obviously with a vested interest in keeping things

227
00:11:58,880 --> 00:12:02,320
Speaker 14: on a lowest. Donald Trump, the US President, wants to

228
00:12:02,400 --> 00:12:05,760
Speaker 14: keep the trade truce with China going. He doesn't want

229
00:12:05,800 --> 00:12:09,280
Speaker 14: to see anything come up that might start to derail that.

230
00:12:09,360 --> 00:12:12,280
Speaker 14: But equally, he probably doesn't want to be accused of

231
00:12:12,280 --> 00:12:15,560
Speaker 14: citing too much with Japan, even though Japan is a

232
00:12:15,640 --> 00:12:20,040
Speaker 14: key US ally. So he's obviously dancing here between the

233
00:12:20,080 --> 00:12:24,640
Speaker 14: two to try and potentially encourage this situation to come down,

234
00:12:25,120 --> 00:12:27,600
Speaker 14: but also not to be seen to be taking too

235
00:12:27,640 --> 00:12:30,600
Speaker 14: many sides, because his ultimate priority is to is to

236
00:12:30,640 --> 00:12:33,000
Speaker 14: have this trade truth developed with China to get to

237
00:12:33,520 --> 00:12:36,760
Speaker 14: an even bigger trade agreement. You know he's been He

238
00:12:36,760 --> 00:12:39,679
Speaker 14: said he spoke with their Chinese president C. Jimping as

239
00:12:39,720 --> 00:12:43,240
Speaker 14: part of their call about purchases of soybean's other US

240
00:12:43,360 --> 00:12:47,239
Speaker 14: farm products, as well as still curving shipments of a fentanyl.

241
00:12:47,360 --> 00:12:49,920
Speaker 14: So there's still a lot of elements to go here,

242
00:12:50,160 --> 00:12:54,400
Speaker 14: including you know, a proper understanding around Chinese where earths

243
00:12:54,960 --> 00:12:57,640
Speaker 14: that you know, talks and implementing that still continue. So

244
00:12:58,280 --> 00:13:00,559
Speaker 14: it really seems that Trump maybe instagram did this call,

245
00:13:00,600 --> 00:13:03,400
Speaker 14: at least according to China, and in doing so, perhaps

246
00:13:03,400 --> 00:13:05,640
Speaker 14: wanting to see if there's a way just to calm

247
00:13:05,720 --> 00:13:06,439
Speaker 14: things down a bit.

248
00:13:07,160 --> 00:13:10,800
Speaker 3: And we know talks are continuing on all sides on

249
00:13:10,880 --> 00:13:13,280
Speaker 3: efforts to end the war in Ukraine. We understand that

250
00:13:13,360 --> 00:13:16,080
Speaker 3: the Army secretary who was just in Geneva over the

251
00:13:16,080 --> 00:13:19,920
Speaker 3: weekend with Ukrainian officials is now meeting with Russian officials

252
00:13:19,960 --> 00:13:23,240
Speaker 3: in the United Arab Emirates. As I guess, the points

253
00:13:23,400 --> 00:13:25,800
Speaker 3: of a peace proposal kind of keep shifting.

254
00:13:27,240 --> 00:13:29,480
Speaker 14: Well, that's right, it's interesting again to see their rise

255
00:13:29,520 --> 00:13:32,839
Speaker 14: to prominence. The US Army Secretary Dan Drischool in all

256
00:13:32,880 --> 00:13:34,920
Speaker 14: of this, he's known to be very close, of course

257
00:13:35,240 --> 00:13:38,640
Speaker 14: to the US Vice President Vance. But now you do

258
00:13:38,800 --> 00:13:41,320
Speaker 14: have the US Secretary of State Micro rib In there

259
00:13:41,679 --> 00:13:44,240
Speaker 14: trying to direct the traffic a bit and potentially also

260
00:13:44,280 --> 00:13:48,160
Speaker 14: working to slow things down a bit beyond these immediate deadlines,

261
00:13:48,200 --> 00:13:50,960
Speaker 14: because there's a lot in all of these negotiations that's

262
00:13:51,040 --> 00:13:53,439
Speaker 14: very fraught. This will be trying to bring it in

263
00:13:53,800 --> 00:13:56,520
Speaker 14: to a war that's been running for years, and you

264
00:13:56,559 --> 00:13:59,960
Speaker 14: know where Russia has some very strong demands in order

265
00:14:00,480 --> 00:14:03,040
Speaker 14: to do so. But at least there are further conversations

266
00:14:03,040 --> 00:14:05,360
Speaker 14: happening these that between the US and Russia. As you

267
00:14:05,360 --> 00:14:08,360
Speaker 14: were saying in Abu Dhabi, there's some you know, push

268
00:14:08,360 --> 00:14:11,160
Speaker 14: at least for the Ukrainian leader to visit the US

269
00:14:11,200 --> 00:14:14,040
Speaker 14: again at some point this month, will emisidency to get

270
00:14:14,040 --> 00:14:17,320
Speaker 14: there and have face to FaceTime potentially with Donald Trump.

271
00:14:17,360 --> 00:14:19,920
Speaker 14: But there's a lot of parameters in this deal. They're unclear.

272
00:14:19,960 --> 00:14:22,680
Speaker 14: We have Russia's saying today again they won't be satisfied

273
00:14:22,720 --> 00:14:25,320
Speaker 14: if they feel what they call the letter and spirit

274
00:14:25,600 --> 00:14:28,640
Speaker 14: of agreements between Bloodimir Putin and Donald Trump that were

275
00:14:28,640 --> 00:14:32,360
Speaker 14: reached in Alaska are raised. They say from this peace plan,

276
00:14:33,040 --> 00:14:35,360
Speaker 14: they're twenty eight points and so lots of points of

277
00:14:35,400 --> 00:14:37,720
Speaker 14: disagreement and quite a way potentially from the ceastpark.

278
00:14:39,760 --> 00:14:43,200
Speaker 2: This is Bloomberg Daybreak, your morning podcast on the stories

279
00:14:43,240 --> 00:14:46,280
Speaker 2: making news from Wall Street to Washington and beyond.

280
00:14:46,520 --> 00:14:48,920
Speaker 3: Look for us on your podcast feed by six am

281
00:14:48,960 --> 00:14:52,360
Speaker 3: Eastern each morning, on Apple, Spotify, or anywhere else you listen.

282
00:14:52,600 --> 00:14:55,440
Speaker 2: You can also listen live each morning starting at five

283
00:14:55,480 --> 00:14:58,080
Speaker 2: am Wall Street Time on Bloomberg eleven three to zero

284
00:14:58,200 --> 00:15:02,160
Speaker 2: in New York, Bloomberg ninety in Washington, Bloomberg ninety two

285
00:15:02,240 --> 00:15:06,240
Speaker 2: nine in Boston, and nationwide on serious XM Channel one

286
00:15:06,320 --> 00:15:06,840
Speaker 2: twenty one.

287
00:15:07,240 --> 00:15:10,000
Speaker 3: Plus listen coast to coast on the Bloomberg Business app

288
00:15:10,040 --> 00:15:12,840
Speaker 3: now with Apple CarPlay and Android Atto interfaces.

289
00:15:13,080 --> 00:15:16,080
Speaker 2: And don't forget to subscribe to Bloomberg News Now. It's

290
00:15:16,120 --> 00:15:18,840
Speaker 2: the latest news whenever you want it in five minutes

291
00:15:18,920 --> 00:15:22,040
Speaker 2: or less. Search Bloomberg News Now on your favorite podcast

292
00:15:22,080 --> 00:15:26,240
Speaker 2: platform to stay informed all day long. I'm Karen Moscow.

293
00:15:26,040 --> 00:15:28,560
Speaker 3: And I'm Nathan Hager. Join us again tomorrow morning for

294
00:15:28,600 --> 00:15:30,480
Speaker 3: all the news you need to start your day right

295
00:15:30,560 --> 00:15:32,000
Speaker 3: here on Bloomberg Day Bray