WEBVTT - Stavridis: our greatest advantage is our values

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<v Speaker 1>Broadcasting Live to New York Bloomberg eleventh, to Washington, d

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<v Speaker 1>C Bloomberg, to Boston, Bloomberg twelve Honors, to San Francisco

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<v Speaker 1>Bloomberg nine, to the Country series Exam Channel one ninety

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<v Speaker 1>and around the globe. The Bloomberg radio bust happened Bloomberg

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<v Speaker 1>dot com. This is Bloomberg Surveillance seven thirty on Wall

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<v Speaker 1>Street and Michael McKee along with Tom Keene, were about

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<v Speaker 1>two hours away from the start of trading what looks

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<v Speaker 1>like a down open on the day. Here's some of

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<v Speaker 1>the company stories we are watching. People with knowledge of

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<v Speaker 1>the matter say the German chemicals maker b A s F.

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<v Speaker 1>They're working with advisors and financing banks. They're thinking about

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<v Speaker 1>making a counterbid for DuPont, which of course previously agreed

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<v Speaker 1>to merge with Doubt Chemical. American Airlines pilot called the

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<v Speaker 1>airline service outright embarrassing. They're not happy with the return

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<v Speaker 1>of what they call toxic labor relations. They send a

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<v Speaker 1>letter to chief executive Doug Parker. The airline says the

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<v Speaker 1>airline group is well aware a cultural changes needed, and

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<v Speaker 1>Oscar Mino, speaking of Airliance, poised to return to work

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<v Speaker 1>as CEO of United Continental Holdings. Uh. He will be

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<v Speaker 1>back on the job March fourteenth. He suffered a heart

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<v Speaker 1>attack October fifteen. Now let's check in with Michael Marr.

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<v Speaker 1>Got the latest world and national headlines. Mike, thank you

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<v Speaker 1>very much. The two Democratic presidential candidates got a bit

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<v Speaker 1>testy with each other on certain issues, but Hillary Clinton

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<v Speaker 1>and Bernie Sanders each one to run against Donald Trump

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<v Speaker 1>in the general election. I would love to run against

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<v Speaker 1>Donald Trump. Donald Trump's bigotry, his bullying, his bluster are

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<v Speaker 1>not gonna wear well on the American people. Sanders versus

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<v Speaker 1>Trump does a lot better than Clinton versus Trump. There's

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<v Speaker 1>only one candidate in either party who has more votes

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<v Speaker 1>than him, and that's me. Both candidates oak in Flint,

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<v Speaker 1>Michigan on CNN, where there's a lead contamination water crisis.

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<v Speaker 1>How do you feel about your drinking water? According to

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<v Speaker 1>a new Associated Press pole, only percent of Americans are

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<v Speaker 1>very confident in the safety of what's flowing from mere tap.

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<v Speaker 1>North Korea has issued this latest running of a preemptive

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<v Speaker 1>nuclear strike of justice on Washington and Seoul. The threat

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<v Speaker 1>from North Korea as in reaction to the start of

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<v Speaker 1>huge US South Korean military drills. Global News twenty four

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<v Speaker 1>hours a day, powered by our two hundred journalists and

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<v Speaker 1>more than a hundred fifty news bureaus from around the world.

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<v Speaker 1>Michael bar Mike, thank you, Michael. Time now for the

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<v Speaker 1>Bloomberg NBC Sports Update with John's tesh Hour, John Alright,

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<v Speaker 1>Mike Wild. First period at the Guard and the Islanders

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<v Speaker 1>led three nothing less than five minutes in there. Four

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<v Speaker 1>to three lead went from the first period to midway

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<v Speaker 1>through the third when the Rangers Derek Frossard tied the game,

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<v Speaker 1>but Cal clutterbuck off a face off of the minute

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<v Speaker 1>and have to go. Islanders won six to four, companying

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<v Speaker 1>a six and one road chips there just three points

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<v Speaker 1>behind the Blue Shorts. Devil's lost for the eighth time

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<v Speaker 1>in the last ten. Pittsburgh won six one, scoring twice

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<v Speaker 1>at each period. Biggest upset in NBA history in terms

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<v Speaker 1>of win percentage disparity. The Lakers, with fifty one losses,

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<v Speaker 1>beat the Warriors and their fifty five wins, and it

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<v Speaker 1>wasn't closed. Golden State made only four of thirty three

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<v Speaker 1>pointers and losing for just a sixth time all year

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<v Speaker 1>one twelve to ninety five as expected it will be

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<v Speaker 1>Monmouth against Iona tonight in Albany final of the Metro

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<v Speaker 1>Atlantic Attorney with a trip to the n C Double

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<v Speaker 1>as on the line. Hofstra Tonight also goes for the

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<v Speaker 1>n C Double as taken on North Carolina Wilmington the

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<v Speaker 1>Colonial Final in Baltimore. Army is out in the Patriot,

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<v Speaker 1>losing sixty eight to Holy Cross in the semifinals. The

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<v Speaker 1>Peyton Manning Pressor kicks off at one o'clock today in Denver.

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<v Speaker 1>Not nearly the attention, but Maria Sharapova also retiring from tennis.

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<v Speaker 1>He's only twenty eight golf in Miami. Adam Scott wins

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<v Speaker 1>for the second straight week with the Bloomberg NBC Sports Update.

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<v Speaker 1>I'm John Stapshett. Thank you John. The oil prices continue

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<v Speaker 1>to rise thirty x fifty three for West Texas now

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<v Speaker 1>one point seven percent, one point six percent rise for

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<v Speaker 1>Brent crude thirty nine thirty two, moving towards the forty mark.

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<v Speaker 1>Looks like city groups saying a bottom maybe in for oil.

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<v Speaker 1>Get you more on that coming up here. On surveillance.

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<v Speaker 1>This is Bloomberg Surveillance. I'm Michael McKey along with Tom Keene.

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<v Speaker 1>Oil maybe higher, but right now futures are lower. SMP

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<v Speaker 1>features off by eight points, four tenths of eight percent,

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<v Speaker 1>down features down forty three, about three tenths, and it's

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<v Speaker 1>a half percent decline. For dance DECKNI features they are

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<v Speaker 1>down nineteen points right now. Europe lower as well, three

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<v Speaker 1>points for the stock six hundred down eight tenths of

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<v Speaker 1>a percent. Time now for the Bloomberg n j I

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<v Speaker 1>T STEM Report brought to you by New Jersey Institute

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<v Speaker 1>of Technology, partnering with government and industry to apply the

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<v Speaker 1>university's world class research assets to innovate and spur economic growth.

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<v Speaker 1>Learn more at n j I T dot e d U.

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<v Speaker 1>Here is Bob Moon. Thanks, good morning, Mike. Coming up

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<v Speaker 1>on seven thirty five on Wall Street, and here's what's

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<v Speaker 1>making news in science, Technology, engineering, and math. Why did

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<v Speaker 1>the tortoise cross the road? That's the problem, at least

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<v Speaker 1>in California's Mojave Desert, where the endangered desert tortoise doesn't

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<v Speaker 1>move fast enough as you might expect to get out

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<v Speaker 1>of the way. The Marine Corps has plans to expand

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<v Speaker 1>its Air Ground Combat Training Center by about a hundred

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<v Speaker 1>sixty five square miles and much of that land happens

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<v Speaker 1>to be primed tortoise habitat, so The Los Angeles Times

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<v Speaker 1>reports the Marines are preparing a fifty million dollar operation

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<v Speaker 1>to airlift one thousand one five tortoises to keep them

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<v Speaker 1>from getting smashed by military equipment. Some scientists are dubious

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<v Speaker 1>of the plan, pointing out a poor record of relocation success,

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<v Speaker 1>leaving the animals vulnerable to predators and disrupting social and

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<v Speaker 1>genetic lines dating back thousands of years. Apple is pressing

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<v Speaker 1>its case against cooperating with the FBI in the Court

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<v Speaker 1>of Public Opinion. The company's software chief and an opinion

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<v Speaker 1>piece written for The Washington Post argues that creating software

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<v Speaker 1>to break into its iPhones could endanger millions by giving

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<v Speaker 1>criminals an entryway into all kinds of sensitive networks, such

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<v Speaker 1>as power grids and transportation hubs. And all they need,

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<v Speaker 1>he contends, is one unsecure device to exploit, and low

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<v Speaker 1>power TV providers that want to say in an FCC

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<v Speaker 1>spectrum auction on March twenty nine are launching a lastis

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<v Speaker 1>bid to delay the sale. Lawsuits could limit the spectrum

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<v Speaker 1>available if the court rules the licensed low power TV

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<v Speaker 1>providers must be protected and that's this morning's Bloomberg and

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<v Speaker 1>j I T Stem Report. Thank you. Robert James Startus

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<v Speaker 1>is the dean of the Fletchers School at Tufts University

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<v Speaker 1>after a long career in the U. S. Navy that

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<v Speaker 1>led him to become Supreme Allied Commander for our Forces

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<v Speaker 1>in Europe and the Commander of the United States European Command.

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<v Speaker 1>With all that is going on in the presidential race,

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<v Speaker 1>foreign policy took a back seat for quite some time.

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<v Speaker 1>But it did come front and center in the Fox

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<v Speaker 1>Debate the other night with the Republicans, and we wanted

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<v Speaker 1>to get the avrollon to talk a little bit about

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<v Speaker 1>what we know and what we don't know to help

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<v Speaker 1>make us a little bit smarter here, uh, Admiral Um.

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<v Speaker 1>One of the questions put to Donald Trump was would

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<v Speaker 1>the military obey your orders? And then there was a

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<v Speaker 1>question about whether his orders might be illegal or not.

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<v Speaker 1>Tell us from a military person's perspective, what the chain

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<v Speaker 1>of command is and how it could be that a

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<v Speaker 1>military person would disobey a commander in chief. I'll be

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<v Speaker 1>glad to Michael. Great to be talking with both you

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<v Speaker 1>and Tom this morning. First of all, we have a

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<v Speaker 1>long tradition of civilian control of the military. That's bed rock.

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<v Speaker 1>And so if the civilian chain of command, which goes

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<v Speaker 1>from the President to the Secretary of Defense to the

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<v Speaker 1>combatant commanders like I was as Supreme Allied Commander NATO,

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<v Speaker 1>those orders will be obeyed with one exception, and that

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<v Speaker 1>exception is if a civilian to give an illegal order.

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<v Speaker 1>So what's an illegal order? I'll give you two examples,

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<v Speaker 1>both which came from Mr Trump. One would be deliberately

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<v Speaker 1>targeting to kill civilians, particularly family members of alleged terrorists.

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<v Speaker 1>Second would be uh simply using torture, as in water boarding,

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<v Speaker 1>which is illegal against the laws of the United States.

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<v Speaker 1>So the military will unequivocally obey the orders of the

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<v Speaker 1>civilian leadership unless they are patently illegal. Well, has this

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<v Speaker 1>happened before that orders were refused? I don't think at

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<v Speaker 1>a strategic level, as in ordering the entire force to

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<v Speaker 1>conduct water boarding, for example, or ordering targeting of individual

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<v Speaker 1>family members. But I think there have been tactical examples

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<v Speaker 1>of this at lower levels in the change of command,

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<v Speaker 1>where individual soldiers have have felt as though this was illegal.

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<v Speaker 1>That happened in Vietnam a couple of times well, now,

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<v Speaker 1>who makes the laws that are are a question? Here

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<v Speaker 1>are these military laws, of these civilian laws made by Congress?

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<v Speaker 1>Is at the Geneva Convention. What are we talking about.

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<v Speaker 1>It's all the above. So it would be the statutory

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<v Speaker 1>law of the United States under which any US soldier,

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<v Speaker 1>sailor airmen, or marine would fall. It would be the

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<v Speaker 1>laws of war, which are well known and taught to

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<v Speaker 1>our active duty military. And it could be international law,

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<v Speaker 1>specifically the Geneva Conventions, as you mentioned, when the United

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<v Speaker 1>States is a signatory to a treaty that has the

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<v Speaker 1>force law for the United States. One of the things

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<v Speaker 1>that Trump suggested is that we are at a disadvantage

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<v Speaker 1>because we follow these laws as a military person, are

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<v Speaker 1>we I don't think so. I think our greatest advantages

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<v Speaker 1>are values, and we violate those at extreme peril. And

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<v Speaker 1>so all of our values, our freedom of speech, freedom

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<v Speaker 1>of religion, our obedience to the law of the land.

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<v Speaker 1>That's our greatest strength. To violate those doesn't put us

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<v Speaker 1>at a any kind of advantage. Let's come back with

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<v Speaker 1>Admiral James Travinus. He's the dean of the Fletcher School.

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<v Speaker 1>Along career in the Navy was the commander of US

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<v Speaker 1>forces in Europe, will continue our conversation about foreign policy

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<v Speaker 1>and the political world when we come back here on surveillance.

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<v Speaker 1>Right now, we're looking at bonds falling on the day,

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<v Speaker 1>yields are higher. The tenure testing resistance levels now at

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<v Speaker 1>one point nine oh four oh rising since our show began.

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<v Speaker 1>The five years at one point four oh to one,

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<v Speaker 1>and we're at eighty nine basis points for the two

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<v Speaker 1>year note. I'm Michael McKee along with Tom Keene. You're

0:10:54.920 --> 0:11:01.640
<v Speaker 1>listening to Bloomberg Radio worldwide. We're cinding down at the

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<v Speaker 1>opening bell, less than two hours to go, brought to

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