1 00:00:03,040 --> 00:00:07,520 Speaker 1: Broadcasting Live to New York Bloomberg eleventh, to Washington, d 2 00:00:07,560 --> 00:00:12,440 Speaker 1: C Bloomberg, to Boston, Bloomberg twelve Honors, to San Francisco 3 00:00:12,560 --> 00:00:16,680 Speaker 1: Bloomberg nine, to the Country series Exam Channel one ninety 4 00:00:16,920 --> 00:00:20,440 Speaker 1: and around the globe. The Bloomberg radio bust happened Bloomberg 5 00:00:20,440 --> 00:00:25,720 Speaker 1: dot com. This is Bloomberg Surveillance seven thirty on Wall 6 00:00:25,720 --> 00:00:28,480 Speaker 1: Street and Michael McKee along with Tom Keene, were about 7 00:00:28,480 --> 00:00:30,960 Speaker 1: two hours away from the start of trading what looks 8 00:00:31,000 --> 00:00:34,199 Speaker 1: like a down open on the day. Here's some of 9 00:00:34,200 --> 00:00:37,199 Speaker 1: the company stories we are watching. People with knowledge of 10 00:00:37,200 --> 00:00:39,960 Speaker 1: the matter say the German chemicals maker b A s F. 11 00:00:40,280 --> 00:00:43,680 Speaker 1: They're working with advisors and financing banks. They're thinking about 12 00:00:43,720 --> 00:00:47,400 Speaker 1: making a counterbid for DuPont, which of course previously agreed 13 00:00:47,440 --> 00:00:50,960 Speaker 1: to merge with Doubt Chemical. American Airlines pilot called the 14 00:00:50,960 --> 00:00:55,440 Speaker 1: airline service outright embarrassing. They're not happy with the return 15 00:00:55,480 --> 00:00:57,840 Speaker 1: of what they call toxic labor relations. They send a 16 00:00:57,880 --> 00:01:02,000 Speaker 1: letter to chief executive Doug Parker. The airline says the 17 00:01:02,360 --> 00:01:05,280 Speaker 1: airline group is well aware a cultural changes needed, and 18 00:01:05,319 --> 00:01:08,080 Speaker 1: Oscar Mino, speaking of Airliance, poised to return to work 19 00:01:08,120 --> 00:01:11,640 Speaker 1: as CEO of United Continental Holdings. Uh. He will be 20 00:01:11,680 --> 00:01:14,440 Speaker 1: back on the job March fourteenth. He suffered a heart 21 00:01:14,480 --> 00:01:18,520 Speaker 1: attack October fifteen. Now let's check in with Michael Marr. 22 00:01:18,640 --> 00:01:22,000 Speaker 1: Got the latest world and national headlines. Mike, thank you 23 00:01:22,080 --> 00:01:25,119 Speaker 1: very much. The two Democratic presidential candidates got a bit 24 00:01:25,240 --> 00:01:28,720 Speaker 1: testy with each other on certain issues, but Hillary Clinton 25 00:01:28,800 --> 00:01:32,000 Speaker 1: and Bernie Sanders each one to run against Donald Trump 26 00:01:32,240 --> 00:01:35,360 Speaker 1: in the general election. I would love to run against 27 00:01:35,440 --> 00:01:44,040 Speaker 1: Donald Trump. Donald Trump's bigotry, his bullying, his bluster are 28 00:01:44,080 --> 00:01:47,400 Speaker 1: not gonna wear well on the American people. Sanders versus 29 00:01:47,400 --> 00:01:52,680 Speaker 1: Trump does a lot better than Clinton versus Trump. There's 30 00:01:52,720 --> 00:01:55,920 Speaker 1: only one candidate in either party who has more votes 31 00:01:55,960 --> 00:02:00,680 Speaker 1: than him, and that's me. Both candidates oak in Flint, 32 00:02:00,760 --> 00:02:05,240 Speaker 1: Michigan on CNN, where there's a lead contamination water crisis. 33 00:02:05,400 --> 00:02:08,000 Speaker 1: How do you feel about your drinking water? According to 34 00:02:08,040 --> 00:02:12,200 Speaker 1: a new Associated Press pole, only percent of Americans are 35 00:02:12,240 --> 00:02:15,200 Speaker 1: very confident in the safety of what's flowing from mere tap. 36 00:02:15,560 --> 00:02:18,480 Speaker 1: North Korea has issued this latest running of a preemptive 37 00:02:18,560 --> 00:02:23,160 Speaker 1: nuclear strike of justice on Washington and Seoul. The threat 38 00:02:23,280 --> 00:02:25,360 Speaker 1: from North Korea as in reaction to the start of 39 00:02:25,480 --> 00:02:29,000 Speaker 1: huge US South Korean military drills. Global News twenty four 40 00:02:29,000 --> 00:02:32,079 Speaker 1: hours a day, powered by our two hundred journalists and 41 00:02:32,160 --> 00:02:34,400 Speaker 1: more than a hundred fifty news bureaus from around the world. 42 00:02:34,639 --> 00:02:38,160 Speaker 1: Michael bar Mike, thank you, Michael. Time now for the 43 00:02:38,200 --> 00:02:41,840 Speaker 1: Bloomberg NBC Sports Update with John's tesh Hour, John Alright, 44 00:02:41,880 --> 00:02:44,160 Speaker 1: Mike Wild. First period at the Guard and the Islanders 45 00:02:44,240 --> 00:02:46,679 Speaker 1: led three nothing less than five minutes in there. Four 46 00:02:46,800 --> 00:02:49,280 Speaker 1: to three lead went from the first period to midway 47 00:02:49,320 --> 00:02:52,119 Speaker 1: through the third when the Rangers Derek Frossard tied the game, 48 00:02:52,160 --> 00:02:54,680 Speaker 1: but Cal clutterbuck off a face off of the minute 49 00:02:54,680 --> 00:02:57,600 Speaker 1: and have to go. Islanders won six to four, companying 50 00:02:57,639 --> 00:03:00,200 Speaker 1: a six and one road chips there just three points 51 00:03:00,240 --> 00:03:02,320 Speaker 1: behind the Blue Shorts. Devil's lost for the eighth time 52 00:03:02,320 --> 00:03:05,120 Speaker 1: in the last ten. Pittsburgh won six one, scoring twice 53 00:03:05,160 --> 00:03:08,560 Speaker 1: at each period. Biggest upset in NBA history in terms 54 00:03:08,600 --> 00:03:12,200 Speaker 1: of win percentage disparity. The Lakers, with fifty one losses, 55 00:03:12,520 --> 00:03:14,960 Speaker 1: beat the Warriors and their fifty five wins, and it 56 00:03:15,000 --> 00:03:18,320 Speaker 1: wasn't closed. Golden State made only four of thirty three 57 00:03:18,320 --> 00:03:20,400 Speaker 1: pointers and losing for just a sixth time all year 58 00:03:20,400 --> 00:03:23,079 Speaker 1: one twelve to ninety five as expected it will be 59 00:03:23,200 --> 00:03:26,280 Speaker 1: Monmouth against Iona tonight in Albany final of the Metro 60 00:03:26,360 --> 00:03:28,200 Speaker 1: Atlantic Attorney with a trip to the n C Double 61 00:03:28,240 --> 00:03:31,480 Speaker 1: as on the line. Hofstra Tonight also goes for the 62 00:03:31,600 --> 00:03:34,000 Speaker 1: n C Double as taken on North Carolina Wilmington the 63 00:03:34,000 --> 00:03:37,680 Speaker 1: Colonial Final in Baltimore. Army is out in the Patriot, 64 00:03:37,720 --> 00:03:41,080 Speaker 1: losing sixty eight to Holy Cross in the semifinals. The 65 00:03:41,080 --> 00:03:43,840 Speaker 1: Peyton Manning Pressor kicks off at one o'clock today in Denver. 66 00:03:44,400 --> 00:03:48,400 Speaker 1: Not nearly the attention, but Maria Sharapova also retiring from tennis. 67 00:03:48,440 --> 00:03:51,320 Speaker 1: He's only twenty eight golf in Miami. Adam Scott wins 68 00:03:51,360 --> 00:03:54,560 Speaker 1: for the second straight week with the Bloomberg NBC Sports Update. 69 00:03:54,640 --> 00:03:58,880 Speaker 1: I'm John Stapshett. Thank you John. The oil prices continue 70 00:03:58,920 --> 00:04:01,720 Speaker 1: to rise thirty x fifty three for West Texas now 71 00:04:01,760 --> 00:04:04,640 Speaker 1: one point seven percent, one point six percent rise for 72 00:04:04,720 --> 00:04:09,040 Speaker 1: Brent crude thirty nine thirty two, moving towards the forty mark. 73 00:04:09,480 --> 00:04:12,920 Speaker 1: Looks like city groups saying a bottom maybe in for oil. 74 00:04:13,000 --> 00:04:15,200 Speaker 1: Get you more on that coming up here. On surveillance. 75 00:04:18,400 --> 00:04:21,919 Speaker 1: This is Bloomberg Surveillance. I'm Michael McKey along with Tom Keene. 76 00:04:22,000 --> 00:04:25,760 Speaker 1: Oil maybe higher, but right now futures are lower. SMP 77 00:04:25,880 --> 00:04:28,360 Speaker 1: features off by eight points, four tenths of eight percent, 78 00:04:28,760 --> 00:04:31,960 Speaker 1: down features down forty three, about three tenths, and it's 79 00:04:32,000 --> 00:04:35,280 Speaker 1: a half percent decline. For dance DECKNI features they are 80 00:04:35,320 --> 00:04:38,280 Speaker 1: down nineteen points right now. Europe lower as well, three 81 00:04:38,320 --> 00:04:41,279 Speaker 1: points for the stock six hundred down eight tenths of 82 00:04:41,680 --> 00:04:44,760 Speaker 1: a percent. Time now for the Bloomberg n j I 83 00:04:44,839 --> 00:04:47,320 Speaker 1: T STEM Report brought to you by New Jersey Institute 84 00:04:47,400 --> 00:04:50,320 Speaker 1: of Technology, partnering with government and industry to apply the 85 00:04:50,400 --> 00:04:54,320 Speaker 1: university's world class research assets to innovate and spur economic growth. 86 00:04:54,400 --> 00:04:57,520 Speaker 1: Learn more at n j I T dot e d U. 87 00:04:57,920 --> 00:05:00,479 Speaker 1: Here is Bob Moon. Thanks, good morning, Mike. Coming up 88 00:05:00,520 --> 00:05:02,880 Speaker 1: on seven thirty five on Wall Street, and here's what's 89 00:05:02,880 --> 00:05:06,480 Speaker 1: making news in science, Technology, engineering, and math. Why did 90 00:05:06,480 --> 00:05:09,680 Speaker 1: the tortoise cross the road? That's the problem, at least 91 00:05:09,680 --> 00:05:13,320 Speaker 1: in California's Mojave Desert, where the endangered desert tortoise doesn't 92 00:05:13,320 --> 00:05:15,360 Speaker 1: move fast enough as you might expect to get out 93 00:05:15,360 --> 00:05:18,080 Speaker 1: of the way. The Marine Corps has plans to expand 94 00:05:18,120 --> 00:05:21,000 Speaker 1: its Air Ground Combat Training Center by about a hundred 95 00:05:21,040 --> 00:05:23,320 Speaker 1: sixty five square miles and much of that land happens 96 00:05:23,360 --> 00:05:26,279 Speaker 1: to be primed tortoise habitat, so The Los Angeles Times 97 00:05:26,279 --> 00:05:30,120 Speaker 1: reports the Marines are preparing a fifty million dollar operation 98 00:05:30,200 --> 00:05:34,000 Speaker 1: to airlift one thousand one five tortoises to keep them 99 00:05:34,040 --> 00:05:38,000 Speaker 1: from getting smashed by military equipment. Some scientists are dubious 100 00:05:38,000 --> 00:05:40,920 Speaker 1: of the plan, pointing out a poor record of relocation success, 101 00:05:41,200 --> 00:05:44,159 Speaker 1: leaving the animals vulnerable to predators and disrupting social and 102 00:05:44,320 --> 00:05:48,000 Speaker 1: genetic lines dating back thousands of years. Apple is pressing 103 00:05:48,040 --> 00:05:50,760 Speaker 1: its case against cooperating with the FBI in the Court 104 00:05:50,760 --> 00:05:53,520 Speaker 1: of Public Opinion. The company's software chief and an opinion 105 00:05:53,520 --> 00:05:56,560 Speaker 1: piece written for The Washington Post argues that creating software 106 00:05:56,600 --> 00:05:59,520 Speaker 1: to break into its iPhones could endanger millions by giving 107 00:05:59,520 --> 00:06:02,960 Speaker 1: criminals an entryway into all kinds of sensitive networks, such 108 00:06:02,960 --> 00:06:06,000 Speaker 1: as power grids and transportation hubs. And all they need, 109 00:06:06,040 --> 00:06:09,800 Speaker 1: he contends, is one unsecure device to exploit, and low 110 00:06:09,839 --> 00:06:12,240 Speaker 1: power TV providers that want to say in an FCC 111 00:06:12,360 --> 00:06:15,440 Speaker 1: spectrum auction on March twenty nine are launching a lastis 112 00:06:15,520 --> 00:06:18,640 Speaker 1: bid to delay the sale. Lawsuits could limit the spectrum 113 00:06:18,640 --> 00:06:22,440 Speaker 1: available if the court rules the licensed low power TV 114 00:06:22,520 --> 00:06:26,560 Speaker 1: providers must be protected and that's this morning's Bloomberg and 115 00:06:26,680 --> 00:06:30,920 Speaker 1: j I T Stem Report. Thank you. Robert James Startus 116 00:06:31,279 --> 00:06:35,360 Speaker 1: is the dean of the Fletchers School at Tufts University 117 00:06:35,440 --> 00:06:38,240 Speaker 1: after a long career in the U. S. Navy that 118 00:06:38,360 --> 00:06:42,640 Speaker 1: led him to become Supreme Allied Commander for our Forces 119 00:06:42,680 --> 00:06:45,600 Speaker 1: in Europe and the Commander of the United States European Command. 120 00:06:46,279 --> 00:06:48,840 Speaker 1: With all that is going on in the presidential race, 121 00:06:49,440 --> 00:06:52,520 Speaker 1: foreign policy took a back seat for quite some time. 122 00:06:52,520 --> 00:06:54,200 Speaker 1: But it did come front and center in the Fox 123 00:06:54,240 --> 00:06:58,080 Speaker 1: Debate the other night with the Republicans, and we wanted 124 00:06:58,120 --> 00:07:00,560 Speaker 1: to get the avrollon to talk a little bit about 125 00:07:00,880 --> 00:07:03,039 Speaker 1: what we know and what we don't know to help 126 00:07:03,120 --> 00:07:06,800 Speaker 1: make us a little bit smarter here, uh, Admiral Um. 127 00:07:06,839 --> 00:07:10,800 Speaker 1: One of the questions put to Donald Trump was would 128 00:07:10,880 --> 00:07:14,960 Speaker 1: the military obey your orders? And then there was a 129 00:07:15,040 --> 00:07:17,920 Speaker 1: question about whether his orders might be illegal or not. 130 00:07:18,760 --> 00:07:22,840 Speaker 1: Tell us from a military person's perspective, what the chain 131 00:07:22,880 --> 00:07:25,640 Speaker 1: of command is and how it could be that a 132 00:07:25,680 --> 00:07:30,000 Speaker 1: military person would disobey a commander in chief. I'll be 133 00:07:30,080 --> 00:07:32,760 Speaker 1: glad to Michael. Great to be talking with both you 134 00:07:32,840 --> 00:07:35,760 Speaker 1: and Tom this morning. First of all, we have a 135 00:07:35,800 --> 00:07:40,400 Speaker 1: long tradition of civilian control of the military. That's bed rock. 136 00:07:40,720 --> 00:07:43,880 Speaker 1: And so if the civilian chain of command, which goes 137 00:07:43,920 --> 00:07:47,520 Speaker 1: from the President to the Secretary of Defense to the 138 00:07:47,680 --> 00:07:51,680 Speaker 1: combatant commanders like I was as Supreme Allied Commander NATO, 139 00:07:52,680 --> 00:07:57,360 Speaker 1: those orders will be obeyed with one exception, and that 140 00:07:57,480 --> 00:08:01,920 Speaker 1: exception is if a civilian to give an illegal order. 141 00:08:02,520 --> 00:08:05,200 Speaker 1: So what's an illegal order? I'll give you two examples, 142 00:08:05,520 --> 00:08:10,160 Speaker 1: both which came from Mr Trump. One would be deliberately 143 00:08:10,280 --> 00:08:16,920 Speaker 1: targeting to kill civilians, particularly family members of alleged terrorists. 144 00:08:17,360 --> 00:08:23,440 Speaker 1: Second would be uh simply using torture, as in water boarding, 145 00:08:23,480 --> 00:08:27,040 Speaker 1: which is illegal against the laws of the United States. 146 00:08:27,080 --> 00:08:32,480 Speaker 1: So the military will unequivocally obey the orders of the 147 00:08:32,480 --> 00:08:37,040 Speaker 1: civilian leadership unless they are patently illegal. Well, has this 148 00:08:37,120 --> 00:08:42,480 Speaker 1: happened before that orders were refused? I don't think at 149 00:08:42,480 --> 00:08:46,720 Speaker 1: a strategic level, as in ordering the entire force to 150 00:08:47,240 --> 00:08:52,360 Speaker 1: conduct water boarding, for example, or ordering targeting of individual 151 00:08:52,920 --> 00:08:57,679 Speaker 1: family members. But I think there have been tactical examples 152 00:08:57,800 --> 00:09:01,040 Speaker 1: of this at lower levels in the change of command, 153 00:09:01,200 --> 00:09:06,200 Speaker 1: where individual soldiers have have felt as though this was illegal. 154 00:09:06,240 --> 00:09:09,360 Speaker 1: That happened in Vietnam a couple of times well, now, 155 00:09:09,400 --> 00:09:13,400 Speaker 1: who makes the laws that are are a question? Here 156 00:09:13,400 --> 00:09:17,520 Speaker 1: are these military laws, of these civilian laws made by Congress? 157 00:09:17,559 --> 00:09:19,800 Speaker 1: Is at the Geneva Convention. What are we talking about. 158 00:09:20,559 --> 00:09:23,240 Speaker 1: It's all the above. So it would be the statutory 159 00:09:23,320 --> 00:09:26,960 Speaker 1: law of the United States under which any US soldier, 160 00:09:27,080 --> 00:09:29,959 Speaker 1: sailor airmen, or marine would fall. It would be the 161 00:09:30,040 --> 00:09:33,360 Speaker 1: laws of war, which are well known and taught to 162 00:09:33,440 --> 00:09:37,960 Speaker 1: our active duty military. And it could be international law, 163 00:09:38,080 --> 00:09:41,880 Speaker 1: specifically the Geneva Conventions, as you mentioned, when the United 164 00:09:41,920 --> 00:09:45,280 Speaker 1: States is a signatory to a treaty that has the 165 00:09:45,320 --> 00:09:48,240 Speaker 1: force law for the United States. One of the things 166 00:09:48,280 --> 00:09:51,920 Speaker 1: that Trump suggested is that we are at a disadvantage 167 00:09:52,000 --> 00:09:55,360 Speaker 1: because we follow these laws as a military person, are 168 00:09:55,400 --> 00:09:58,959 Speaker 1: we I don't think so. I think our greatest advantages 169 00:09:59,000 --> 00:10:04,200 Speaker 1: are values, and we violate those at extreme peril. And 170 00:10:04,320 --> 00:10:07,440 Speaker 1: so all of our values, our freedom of speech, freedom 171 00:10:07,480 --> 00:10:10,240 Speaker 1: of religion, our obedience to the law of the land. 172 00:10:10,400 --> 00:10:13,640 Speaker 1: That's our greatest strength. To violate those doesn't put us 173 00:10:13,679 --> 00:10:17,320 Speaker 1: at a any kind of advantage. Let's come back with 174 00:10:17,559 --> 00:10:21,360 Speaker 1: Admiral James Travinus. He's the dean of the Fletcher School. 175 00:10:21,240 --> 00:10:24,040 Speaker 1: Along career in the Navy was the commander of US 176 00:10:24,200 --> 00:10:27,840 Speaker 1: forces in Europe, will continue our conversation about foreign policy 177 00:10:28,120 --> 00:10:32,800 Speaker 1: and the political world when we come back here on surveillance. 178 00:10:32,880 --> 00:10:35,880 Speaker 1: Right now, we're looking at bonds falling on the day, 179 00:10:35,960 --> 00:10:40,120 Speaker 1: yields are higher. The tenure testing resistance levels now at 180 00:10:40,160 --> 00:10:45,120 Speaker 1: one point nine oh four oh rising since our show began. 181 00:10:45,200 --> 00:10:47,760 Speaker 1: The five years at one point four oh to one, 182 00:10:47,840 --> 00:10:51,240 Speaker 1: and we're at eighty nine basis points for the two 183 00:10:51,360 --> 00:10:54,880 Speaker 1: year note. I'm Michael McKee along with Tom Keene. You're 184 00:10:54,920 --> 00:11:01,640 Speaker 1: listening to Bloomberg Radio worldwide. We're cinding down at the 185 00:11:01,640 --> 00:11:03,319 Speaker 1: opening bell, less than two hours to go, brought to 186 00:11:03,320 --> 00:11:05,960 Speaker 1: you by the Jeep Grand Cherokee, most awarded suv ever, 187 00:11:06,040 --> 00:11:07,880 Speaker 1: the Grand Cherokee continues to raise the bar with this 188 00:11:08,000 --> 00:11:11,600 Speaker 1: luxurious interior and legendary four by four capability drive Monageer 189 00:11:11,679 --> 00:11:14,439 Speaker 1: Local Jeep dealer today