WEBVTT - Putin Rejects Ceasefire, Political Turmoil Roils Turkish Markets

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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 and I'm Karen Moscow. Here

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<v Speaker 2>are the stories we're following today, care.

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<v Speaker 3>And we begin with the latest sun efforts to end

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<v Speaker 3>the war in Ukraine. Russian President Vladimir Putin has refused

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<v Speaker 3>President Trump's request for a thirty day ceasefire. The Kremlin

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<v Speaker 3>says Putin agreed only to decrease attacks on Ukraine's energy infrastructure,

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<v Speaker 3>while imposing several conditions, including suspending US arms and intelligence

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<v Speaker 3>support for Ukraine. However, the White House readout says Trump

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<v Speaker 3>and Putin agreed to an energy and infrastructure ceasefire.

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<v Speaker 1>Trump spoke last night with Fox News.

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<v Speaker 4>Well, you have a situation. We have a lot of

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<v Speaker 4>guns pointing at each other foolishly because it would have

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<v Speaker 4>never happened. Ibout, we're president. That was not a war

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<v Speaker 4>that was supposed to happen, and it did happen. So

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<v Speaker 4>that's where we are, and right now you have a

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<v Speaker 4>lot of guns pointing at each other, and the ceasefire

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<v Speaker 4>without going a little bit for there would have been tough.

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<v Speaker 1>Although Ukraine was the focus of the call.

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<v Speaker 3>The White House also says President's Trump and Putin discussed

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<v Speaker 3>improving bilateral ties, including quote enormous economic deals and geopolitical

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<v Speaker 3>stability when peace has been achieved.

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<v Speaker 2>Well, Nathan, there's plenty of reaction around the world to

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<v Speaker 2>the Trump Putin phone call. Retired Lieutenant General Ben Hodges,

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<v Speaker 2>the former commanding General of US Army Europe, tells Bloomberg's

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<v Speaker 2>Balance of Power that he was expecting the worst.

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<v Speaker 5>I was expecting that we were going to hear that

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<v Speaker 5>the President had agreed to recognize Russian occupation of Crimea,

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<v Speaker 5>agree to Russian demands for elections in Ukraine, and things

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<v Speaker 5>like that. So the fact that we didn't hear those

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<v Speaker 5>is is better than if.

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<v Speaker 2>We had and retired to Lieutenant General Ben Hodges. To

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<v Speaker 2>hear the full conversation, download the Bloomberg Balance of Power

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<v Speaker 2>podcast or watch it on the Bloomberg podcast page on

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<v Speaker 2>YouTube and Karen.

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<v Speaker 3>President Trump is also weighing in on his trade war

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<v Speaker 3>with Canada, and in his interview with Fox News host

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<v Speaker 3>Laura Ingram, of.

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<v Speaker 4>The nastiest countries to deal with this Canada. The people

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<v Speaker 4>that now this was Trudeau, the people that good old

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<v Speaker 4>Justin I call him Governor Trudeau. His people were nasty

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<v Speaker 4>and they weren't telling the truth. They never told the truth.

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<v Speaker 3>Still, the President says he'd rather deal with Justin Trudeau's

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<v Speaker 3>Liberal Party and the new Prime Minister Mark Carney to.

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<v Speaker 1>Resolve his dispute with Canada.

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<v Speaker 3>Trump also took a job at the Conservative who will

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<v Speaker 3>be running against Carney in the next election. He says,

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<v Speaker 3>Pierre Poulievra is quote stupidly no friend of mine.

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<v Speaker 2>Well, Nathan. President Trump may be facing a new dispute

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<v Speaker 2>with Supreme Court Chief Justice John Roberts. In an extraordinary statement,

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<v Speaker 2>Roberts said it's not appropriate to call for impeaching federal

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<v Speaker 2>judges over their rulings. That's after President Trump posted on

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<v Speaker 2>truth social that the judge who ruled against him on

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<v Speaker 2>deporting alleged Venezuelan gang members should be impeached. Bloomberg Law

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<v Speaker 2>host John Grosso says Judge James Bohasburg is not the

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<v Speaker 2>only one under this kind of pressure.

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<v Speaker 6>Impeachment has already been filed against one judge who made

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<v Speaker 6>a ruling in the Doge case over the Treasury data, and.

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<v Speaker 1>So with more calls for this, I think he's just.

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<v Speaker 6>Trying to step out there and say this is not

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<v Speaker 6>the way to go, and it's not the way to go.

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<v Speaker 2>As Bloomberg Law host Don Grosso, president Trump is not

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<v Speaker 2>backing down after Robert's state Many Tollfox News. Many people

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<v Speaker 2>have called for Judge of boas Burg to be impeached, and.

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<v Speaker 3>Later today Karen President Trump will meet the chief executives

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<v Speaker 3>of more than a dozen oil companies. Industry leaders say

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<v Speaker 3>they have plenty of reasons to give thanks to the President.

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<v Speaker 3>He's an unabashed champion of US oil and gas production

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<v Speaker 3>and has vowed to unleash the industry's potential. However, the

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<v Speaker 3>President's threatened tariffs are stoking industry concerns about potential economic declines.

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<v Speaker 2>Well Nathan, political turmoil is royaling markets in Turkey, The

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<v Speaker 2>lira and stocks are sinking. In fact, at one point,

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<v Speaker 2>the lera plunged more than ten percent. Investors are dumping

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<v Speaker 2>the nation's assets after the arrest of a key rival

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<v Speaker 2>to President erdiwan Is Denbul's mayor, akram Ima Moglu, has

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<v Speaker 2>been detained a day after Turkish authorities revoked his university

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<v Speaker 2>diploma in a move that could bar him from challenging

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<v Speaker 2>Air Towan in the next presidential election.

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<v Speaker 3>Well, you're in the US Karen futures are moving just

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<v Speaker 3>a bit higher Following another day of losses on Wall Street.

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<v Speaker 3>The S and P five hundred fell one point one

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<v Speaker 3>percent the Nasdaq one hundred slid one point seven percent

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<v Speaker 3>as megacap tech stocks led the market down. Stuart Kaiser,

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<v Speaker 3>head of US equity trading strategy at City, says there

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<v Speaker 3>may be more pain ahead.

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<v Speaker 1>Is there more to come?

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<v Speaker 7>I mean, I think if you're if you believe that

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<v Speaker 7>a lot of this was driven by policy out of

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<v Speaker 7>Washington and the key administrators down there are telling you

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<v Speaker 7>basically to hedge and that there is more to come,

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<v Speaker 7>and that they're willing to tolerate some short term pain

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<v Speaker 7>for these longer term structural reforms, then yeah, it does

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<v Speaker 7>feel like there's potentially more more behind this. It's hard

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<v Speaker 7>to think that the headlines that have driven this are finished.

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<v Speaker 3>City Stuart Kaiser says, options traders are pricing in a

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<v Speaker 3>one point two percent move in the S and P

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<v Speaker 3>five hundred either way following today FED decision and.

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<v Speaker 2>That decision, Nathan, but the backdrop of all of the

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<v Speaker 2>geopolitical concerns comes. At two pm Walls Street time, we

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<v Speaker 2>get a preview with Bloomberg's and Michael McKee.

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<v Speaker 8>Expect an underwhelming FED meeting today. No change in the

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<v Speaker 8>benchmark interest rate, no change in the dot plot, and

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<v Speaker 8>no major change in policymakers economic forecasts. It's tariffs, of course.

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<v Speaker 8>The administration doesn't plan to reveal its import tax program

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<v Speaker 8>until April second. Once it has details, the Fed can

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<v Speaker 8>start modeling impacts on the economy. But with inflation sticky

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<v Speaker 8>and the labor market steady, there's not much officials can

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<v Speaker 8>or should do right now. Michael McKee, Bloomberg Radio.

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<v Speaker 2>All right, Mike, thank you for full FED coverage. Be

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<v Speaker 2>sure to catch Bloomberg surveillance. The Fed decides special It

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<v Speaker 2>starts this afternoon at one thirty pm Wall Street Time

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<v Speaker 2>on Bloomberg Radio, Bloomberg Television, and the Bloomberg podcast page

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<v Speaker 2>on YouTube.

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<v Speaker 1>Thank Careen, we got a policy decision out of Asia.

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<v Speaker 3>Overnight, the Bank of Japan kept its rates steady, signaling

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<v Speaker 3>concern about the impact of trade tension and sun the

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<v Speaker 3>global economy.

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<v Speaker 2>Well Nathan, the company involved in the long running litigation

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<v Speaker 2>over Oxyconton's role in the deadly opioid epidemic, has filed

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<v Speaker 2>a new bankruptcy case and we get the very latest.

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<v Speaker 2>It's Bloomberg's John Tucker, John, good morning, Good.

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<v Speaker 9>Morning, Karen. This is a new bankruptcy plan from the

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<v Speaker 9>already bankrupt Purdue Pharma. It could be a major step

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<v Speaker 9>toward finalizing a seven point four billion dollar opioid settlement.

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<v Speaker 9>It's aimed at, once and for all, settling thousands of

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<v Speaker 9>lawsuits that claim Purdue Pharmer's pain medication caused the widespread

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<v Speaker 9>opioid addiction crisis. It comes after the Supreme Court last

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<v Speaker 9>year next a previous attempt at a settlement that would

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<v Speaker 9>have given Purdue's owners, the wealthy Sackler family, civil immunity.

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<v Speaker 9>Under this plan, a new public benefit company will be

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<v Speaker 9>created after Purdue is dissolved, and the Sackler family will

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<v Speaker 9>no longer have ownership interest. You know, Yorkome, John Tucker,

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<v Speaker 9>Bloomberg Radio.

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<v Speaker 1>All right, John, thank you.

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<v Speaker 3>Finally, two NASA astronauts who been stuck on the International

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<v Speaker 3>Space Station for nine months have returned home.

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<v Speaker 1>And splashdown Crew nine back on Earth. SpaceX.

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<v Speaker 3>Mission control caught the moment, Butch Wilmore and Sunny Williams

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<v Speaker 3>landed off the Florida coast and a dragon capsule and

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<v Speaker 3>remarks heard here on Bloomberg. NASA manager Steve Stitch says

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<v Speaker 3>the return trip could not have gone better.

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<v Speaker 1>The cruise to one great.

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<v Speaker 7>You know, they'll spend a little time on the recovery

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<v Speaker 7>ship getting checked out, making sure that they're healthy and

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<v Speaker 7>ready to go, and then eventually they'll make their way

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<v Speaker 7>back to Houston.

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<v Speaker 3>The splicetown ends a long saga for Wilmore and Williams.

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<v Speaker 3>It began last June when the pair were supposed to

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<v Speaker 3>stay on the ISS about a week. An issue with

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<v Speaker 3>their Boeing vehicle kept them in orbit till last Sunday night.

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<v Speaker 2>It is time now for a look at some of

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<v Speaker 2>the other stories making news in New York and around

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<v Speaker 2>the world, and for that we're joined by Bloomberg's Michael

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<v Speaker 2>Barr Michael good Morning.

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<v Speaker 10>Good Morning care And A federal judge ruled that the

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<v Speaker 10>dismantling of the US Agency for International Development likely violated

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<v Speaker 10>the Constitution in an order that blocked Elon Musk's Department

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<v Speaker 10>of Government Efficiency for making further cuts to the agency.

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<v Speaker 10>The judge ordered the Trump administration to restore email and

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<v Speaker 10>computer access to all employees of USAID, including those who

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<v Speaker 10>were placed on administrative leave. The lawsuits singled out Musk

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<v Speaker 10>as a defendant covered by the preluminary injunction. Unredacted documents

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<v Speaker 10>related to the nineteen sixty three assassination of President John F.

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<v Speaker 10>Kennedy had been released following an order by President Trump

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<v Speaker 10>shortly after he took office. The documents were posted on

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<v Speaker 10>the website of the US National Archives and Records Administration

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<v Speaker 10>last night. University of Virginia Center for Politics Director Larry

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<v Speaker 10>Sabado says it will take a long time to go

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<v Speaker 10>through the new material.

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<v Speaker 3>They're going to be surprises in there, but I just

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<v Speaker 3>don't think there are going to be that many surprises

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<v Speaker 3>about JFK's assassination.

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<v Speaker 10>There are also never before seen memos outlining how the

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<v Speaker 10>CIA tapped phones in the Mexico City embassies visited it

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<v Speaker 10>by Lee Harvey Oswall months before the assassination. Senate Minority

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<v Speaker 10>Leader Chuck Schumer is responding to the criticism from fellow

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<v Speaker 10>Democrats that he cave to Republicans and voted for a

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<v Speaker 10>GOP bill that would keep the government open through the

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<v Speaker 10>end of September. Schumer says if the bill didn't pass,

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<v Speaker 10>a government shutdown would have given President Trump and the

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<v Speaker 10>rest of the executive branch unchecked power to slash even

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<v Speaker 10>more federal jobs and programs. Schumer on ABC's the view,

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<v Speaker 10>if we ended.

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<v Speaker 11>Up a shutdown three weeks from now, people would come

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<v Speaker 11>to me and they'd say, they just cut off my Medicaid,

0:09:33.480 --> 0:09:37.360
<v Speaker 11>they just got rid of my veterans benefits. Stop it,

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<v Speaker 11>And I say we can't we in a shutdown, and

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<v Speaker 11>then they'd say to me, why did you let the

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<v Speaker 11>shutdown happen.

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<v Speaker 10>Senator Schumer also says President Trump's acknowledgment of his vote

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<v Speaker 10>online was trolling. Finally, former Governor Andrew Cuomo raised over

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<v Speaker 10>one point five million dollars from twenty seven hundred donors

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<v Speaker 10>for the New York City mayor's primary race. Polls show

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<v Speaker 10>him leading heading into the June t twenty fourth primary.

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<v Speaker 10>Global News twenty four hours a day and whenever you

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<v Speaker 10>want it with Bloomberg News Now. I'm Michael Barr, and

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<v Speaker 10>this is Bloomberg Karen.

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<v Speaker 2>All right, Michael Barr, thank you time now for the

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<v Speaker 2>Bloombergy Sports update, brought to you by try State Oudie.

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<v Speaker 2>Here's John stash Hour, John, good morning.

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<v Speaker 10>Good morning, Garon.

0:10:20.880 --> 0:10:23.520
<v Speaker 12>Over the next three weeks, there'll be sixty seven and

0:10:23.720 --> 0:10:25.120
<v Speaker 12>CUBAA tournament games.

0:10:25.120 --> 0:10:26.880
<v Speaker 10>The first was in Dayton, Ohio.

0:10:26.880 --> 0:10:29.920
<v Speaker 12>It was Alabama State out of the Swack against Saint

0:10:30.000 --> 0:10:33.240
<v Speaker 12>Francis of Pennsylvania, who won the nec had a sub

0:10:33.280 --> 0:10:37.280
<v Speaker 12>five hundred record. The game not decided until the final second.

0:10:37.920 --> 0:10:39.319
<v Speaker 9>They have to go ninety four feet.

0:10:39.640 --> 0:10:42.160
<v Speaker 3>Simpson will inbound under his own basketball, but Ato.

0:10:42.000 --> 0:10:44.200
<v Speaker 1>Pressures the ball. He throws a baseball right.

0:10:44.160 --> 0:10:46.679
<v Speaker 9>Half past, arking to the bar Free provide exclusion to

0:10:46.720 --> 0:10:51.000
<v Speaker 9>the basket Bucks suber Totos tucking the call.

0:10:51.120 --> 0:10:54.920
<v Speaker 12>O bar Bucks ca Babama State comer on westban one

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<v Speaker 12>march Man. This Bama State wins seventy to sixty eight.

0:10:57.800 --> 0:11:01.800
<v Speaker 12>It's reward a game tomorrow. It's the Attorney's top overall seed Auburn.

0:11:01.800 --> 0:11:05.880
<v Speaker 12>Many criticized the committee for including North Carolina Tarrios looked awfully,

0:11:05.960 --> 0:11:09.040
<v Speaker 12>deserving a ninety five sixty eight rout of San Diego State.

0:11:09.120 --> 0:11:12.360
<v Speaker 12>The White Plains native RJ. Davis scored twenty six. He

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<v Speaker 12>was six for six on three pointers. Tarriols will play

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<v Speaker 12>Ole Miss on Friday. Two more games in Dayton Tonight

0:11:17.600 --> 0:11:20.719
<v Speaker 12>at the Garden Artemi Panarans scored a minute thirteen in

0:11:20.800 --> 0:11:23.800
<v Speaker 12>his thirtieth goal. The Rangers failed to score again, lost

0:11:23.840 --> 0:11:26.480
<v Speaker 12>to Calgary two to one, and when Montreal won, the

0:11:26.559 --> 0:11:29.160
<v Speaker 12>Canadians moved ahead for the last playoff spot in the East.

0:11:29.200 --> 0:11:32.120
<v Speaker 12>Montreal's played two fewer games. Islanders a four to two

0:11:32.160 --> 0:11:34.280
<v Speaker 12>win at Pittsburgh. The Capitols beat Detroit four to one.

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<v Speaker 12>The Celtics gave Jason Tatum and Jalen Brown the night off,

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<v Speaker 12>still beat the Nets one O four ninety six.

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<v Speaker 10>That's Boston's fiftieth.

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<v Speaker 12>When the Warriors gave Steph Curry the night off, they

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<v Speaker 12>still beat Milwaukee one O four ninety three. Since winning

0:11:45.760 --> 0:11:48.559
<v Speaker 12>sixteen in a row, back to back losses for Cleveland

0:11:48.600 --> 0:11:50.960
<v Speaker 12>beaten by the Clippers, the knickser in San Antonio tonight,

0:11:51.600 --> 0:11:53.480
<v Speaker 12>Dodgers and Cubs getting ready to play again at the

0:11:53.480 --> 0:11:56.640
<v Speaker 12>Tokyo Dome. LA won yesterday four to one, holding the

0:11:56.640 --> 0:11:59.559
<v Speaker 12>Cubs to three hits with Garrett Cole out. Max Free

0:11:59.600 --> 0:12:02.400
<v Speaker 12>the new year nikee eighth in Tampa against the Red Sox,

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<v Speaker 12>Free through four to third score is Senians. Brandon Graham,

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<v Speaker 12>retiring after fifteen seasons in Philadelphia, played more games than

0:12:09.160 --> 0:12:12.520
<v Speaker 12>anyone in Eagles history. John Staishaw or Bloomberg Sports Karen

0:12:12.600 --> 0:12:19.679
<v Speaker 12>Nathan Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, and.

0:12:19.720 --> 0:12:22.959
<v Speaker 3>Around the world on Bloomberg dot Com and the Bloomberg

0:12:23.000 --> 0:12:23.600
<v Speaker 3>Business app.

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<v Speaker 1>This is Bloomberg Daybreak. Good morning. I'm Nathan Hager.

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<v Speaker 3>President Donald Trump is casting it as a win to

0:12:29.120 --> 0:12:32.320
<v Speaker 3>have held a phone call with Russian President Vladimir Putin.

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<v Speaker 3>He did not get the thirty day ceasefire that he'd

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<v Speaker 3>agreed to with Ukraine, but the President says the concessions

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<v Speaker 3>Putin did make are a good first step.

0:12:40.600 --> 0:12:42.480
<v Speaker 4>You have a lot of guns pointing at each other,

0:12:42.559 --> 0:12:44.800
<v Speaker 4>and the ceasefire without going a little bit further, it

0:12:44.800 --> 0:12:48.320
<v Speaker 4>would have been tough. Russia has the advantage, as you know,

0:12:48.400 --> 0:12:54.559
<v Speaker 4>they have encircled about two five hundred soldiers. They're nicely encircled,

0:12:54.600 --> 0:12:55.400
<v Speaker 4>and that's not good.

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<v Speaker 3>President Trump speaking with Fox News host Laura Ingram last night.

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<v Speaker 3>This morning, we're speaking with raw Lind Mathis and Bloomberg's

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<v Speaker 3>News director for Europe, the Middle East and Africa. Good morning, Roz. So,

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<v Speaker 3>no thirty day ceasefire from President Putin. Where do things

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<v Speaker 3>stand now?

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<v Speaker 13>Well, that's right, So Donald Trump did not get Vladimir

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<v Speaker 13>Putin to commit to a full thirty day seas far.

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<v Speaker 13>What he seems to have agreed to is potentially to

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<v Speaker 13>stop targeting Ukrainian energy infrastructure for thirty days and to

0:13:26.720 --> 0:13:29.480
<v Speaker 13>say that he would agree to that if Ukraine did

0:13:29.480 --> 0:13:31.600
<v Speaker 13>the same. But we don't have a lot of details

0:13:31.679 --> 0:13:35.000
<v Speaker 13>even about that. We know that Russian and US officials

0:13:35.000 --> 0:13:38.840
<v Speaker 13>are due to meet in Saudi Arabia again starting today

0:13:38.880 --> 0:13:42.520
<v Speaker 13>and there'll be more conversations around some of those details,

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<v Speaker 13>but it's a pretty incremental step in the end. I mean,

0:13:46.520 --> 0:13:51.040
<v Speaker 13>obviously Russia has had a lot of success targeting energy

0:13:51.080 --> 0:13:55.080
<v Speaker 13>infrastructure in Ukraine that's been very damaging for Ukraine, especially

0:13:55.080 --> 0:13:58.920
<v Speaker 13>through things like the winter months, but equally it's nowhere

0:13:58.960 --> 0:14:02.520
<v Speaker 13>near the full far that Donald Trump is looking for.

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<v Speaker 13>So it seems to be that Putin gave Trump a

0:14:06.280 --> 0:14:08.720
<v Speaker 13>little bit but didn't give him a lot. And it's

0:14:08.840 --> 0:14:11.800
<v Speaker 13>very clear that Vladimir Putin has a lot of other

0:14:12.080 --> 0:14:14.480
<v Speaker 13>demands in all of this and conditions that he's going

0:14:14.520 --> 0:14:17.240
<v Speaker 13>to what met in terms of agreeing to a full

0:14:17.240 --> 0:14:19.720
<v Speaker 13>cease fire, and perhaps he would only do that if

0:14:19.720 --> 0:14:21.840
<v Speaker 13>he had a meeting with Donald Trump face to face.

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<v Speaker 3>Is there concern among European allies that President Trump could

0:14:25.680 --> 0:14:29.120
<v Speaker 3>give in two more of President Putin's demands.

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<v Speaker 13>Well, something that's been the concern for quite a while,

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<v Speaker 13>and indications from the US in fact that Trump would

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<v Speaker 13>be willing to do that, just the way that he

0:14:36.960 --> 0:14:40.600
<v Speaker 13>talks about territory and he refers to things like assets

0:14:41.120 --> 0:14:44.760
<v Speaker 13>when it comes to Ukraine, including a key nuclear power plan,

0:14:44.840 --> 0:14:48.600
<v Speaker 13>and indicating that he's not averse to listening to Vladimir

0:14:48.600 --> 0:14:52.440
<v Speaker 13>Putin and his demands there, So around territory, around the

0:14:52.520 --> 0:14:58.000
<v Speaker 13>nuclear power plant, perhaps even recognizing Crimea as part of Russia.

0:14:58.040 --> 0:15:01.440
<v Speaker 13>Of course, Vladimir Putin annexed Crimea well before he went

0:15:02.400 --> 0:15:05.880
<v Speaker 13>into the rest of Ukraine. So a lot of concern

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<v Speaker 13>that in order to get a deal, that Donald Trump

0:15:09.960 --> 0:15:12.720
<v Speaker 13>will be willing to listen to some of Vladimir Putin's demands.

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<v Speaker 13>And then how can Europe and Ukraine, most importantly of all,

0:15:16.040 --> 0:15:18.760
<v Speaker 13>get in the conversation on that or is this really

0:15:19.360 --> 0:15:22.320
<v Speaker 13>the US and Russia agreeing to broad parameters and then

0:15:22.520 --> 0:15:26.120
<v Speaker 13>essentially presenting them to Ukraine and to Europe as a

0:15:26.160 --> 0:15:29.080
<v Speaker 13>fate to company. So the question is can they get

0:15:29.120 --> 0:15:30.880
<v Speaker 13>a set at the table. It just doesn't seem that

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<v Speaker 13>Donald Trump is interested in Europe having one.

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<v Speaker 3>So as the negotiations potentially continue between the US, Ukraine

0:15:38.520 --> 0:15:42.160
<v Speaker 3>and Russia, we have new political turmoil in Turkey. What

0:15:42.280 --> 0:15:43.400
<v Speaker 3>is happening there this morning?

0:15:44.480 --> 0:15:46.840
<v Speaker 13>Well, that's right. So there's been a bit of a

0:15:46.840 --> 0:15:49.480
<v Speaker 13>crackdown on the opposition that's been going on for some weeks,

0:15:49.480 --> 0:15:53.760
<v Speaker 13>if not months in Turkey, and it's escalating quickly today though,

0:15:53.800 --> 0:15:59.720
<v Speaker 13>because we see that Turkish authorities have detained President Erduan's

0:16:00.000 --> 0:16:03.480
<v Speaker 13>dominant rival. This is the mayor of Istanbul ekrem Imamolu,

0:16:03.800 --> 0:16:07.480
<v Speaker 13>who's really a very popular politician in Turkey and seen

0:16:07.520 --> 0:16:11.400
<v Speaker 13>as the most likely contender against Duwan in the next election,

0:16:11.520 --> 0:16:15.000
<v Speaker 13>which is due in twenty twenty eight. And so he's

0:16:15.040 --> 0:16:17.720
<v Speaker 13>been detained today. That the pretext for that is obviously

0:16:17.760 --> 0:16:23.080
<v Speaker 13>that he didn't have the qualifications to run for president

0:16:23.280 --> 0:16:25.960
<v Speaker 13>in the next election in twenty twenty eight, that his

0:16:26.920 --> 0:16:30.960
<v Speaker 13>qualifications for a high degree void, and there's also part

0:16:31.040 --> 0:16:35.600
<v Speaker 13>of a broader soup of inappropriate actions inside Turkey, which

0:16:35.640 --> 0:16:38.920
<v Speaker 13>is something that he denies. But this would all rule

0:16:39.040 --> 0:16:42.760
<v Speaker 13>him out from being nominated as the opposition candidate. And

0:16:42.800 --> 0:16:45.120
<v Speaker 13>you can see the impact on the markets in Turkey

0:16:45.200 --> 0:16:46.120
<v Speaker 13>today as a result.

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<v Speaker 2>This is Bloomberg Daybreak, your morning podcast on the stories

0:16:49.880 --> 0:16:52.880
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0:17:32.640 --> 0:17:35.159
<v Speaker 3>And I'm Nathan Hager. Join us again tomorrow morning for

0:17:35.240 --> 0:17:37.160
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<v Speaker 3>here on Bloomberg Day