WEBVTT - Biden Warns Israel; Another Record for Bitcoin

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan

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<v Speaker 1>Hager and I'm Karen Moscow. Here are the stories we're

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<v Speaker 1>following today.

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<v Speaker 2>We begin with the latest developments in the Middle East.

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<v Speaker 2>President Biden is warning Israel that any invasion of the

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<v Speaker 2>southern Gaza city of Rafa would cross a red line.

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<v Speaker 2>In an interview with MSNBC, the President criticized the high

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<v Speaker 2>death toll in Gaza.

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<v Speaker 3>There's red lines that if he crosses in the cannot

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<v Speaker 3>have thirty thousand.

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<v Speaker 2>More Palestinians dead as a consequence of going up.

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<v Speaker 4>There's other ways to deal to get to to deal

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<v Speaker 4>with with.

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<v Speaker 5>The trauma caused by Hamas.

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<v Speaker 2>The President Biden had helped for a breakthrough in cease

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<v Speaker 2>fire talks before Ramadan, which began last night, but negotiations

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<v Speaker 2>have stalled.

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<v Speaker 1>Well, Nathan, Israel has said that barring a total surrender

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<v Speaker 1>by Hamas, it has to launch an assault on Rafa

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<v Speaker 1>because it's the last Bashi of the around Back group began.

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<v Speaker 1>More on Israel's likely response to President Biden's warning from

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<v Speaker 1>Bloomberg Stewart living Stone Wallace.

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<v Speaker 6>Nathan, he does have a long track record as largely

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<v Speaker 6>ignoring US presidents when it doesn't suit him. And I

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<v Speaker 6>think in this instance, what he's trying to balance up

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<v Speaker 6>is the goal that he sets for the country after

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<v Speaker 6>the events locked over the Servant, which was, we need

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<v Speaker 6>to destroy the Hamas leadership. And the only conceivable way

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<v Speaker 6>he can do that is to go into Raffa, because

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<v Speaker 6>you know that's where many of them still are. If

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<v Speaker 6>he doesn't go into Raffa, then you know, basically hasn't

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<v Speaker 6>fulfilled the pledge that he made after the attack on Israel.

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<v Speaker 1>Bloomberg, Stewart Livingstone Wallace said Hamas is believed to be

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<v Speaker 1>holding about one hundred and thirty Israeli hostages. A Hamas

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<v Speaker 1>official and an interview with Bloomberg claimed dozens have been

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<v Speaker 1>killed by Israeli fire.

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<v Speaker 2>Turning back home to the nation's capital, Karen. Later today,

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<v Speaker 2>President Biden sends Congress his budget request for the next

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<v Speaker 2>fiscal year. That's his lawmakers race to finish work on

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<v Speaker 2>their remaining government funding bills for this year man avoid

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<v Speaker 2>a shutdown at the end of next week. US Beinoriti

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<v Speaker 2>leader Hakim Jeffries is putting pressure on Speaker Mike Johnson

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<v Speaker 2>to act on ninety five billion dollars installed aids Ukraine, Israel,

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<v Speaker 2>and Taiwan.

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<v Speaker 7>The reason why it's not happening is because there's a

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<v Speaker 7>pro potent faction in the Republican Party led by Donald

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<v Speaker 7>Trump and Tucker Carlson, who are blocking this legislation, and

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<v Speaker 7>that's shameful.

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<v Speaker 2>Democratic Leader Hakim Jeffries was on CBS's Face the Nation

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<v Speaker 2>Heard Sundays on Bloomberg Radio while he releases his budget,

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<v Speaker 2>President Biden will be in Manchester, New Hampshire today to

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<v Speaker 2>talk about lowering costs for families. It's part of a

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<v Speaker 2>tour of battleground states this week following his State of

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<v Speaker 2>the Union address.

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<v Speaker 1>Well, turning to the economy now Nathan. This week, the

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<v Speaker 1>bond market faces its own Super Tuesday of sorts the

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<v Speaker 1>release of the Consumer Price Index. It's fresh inflation data

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<v Speaker 1>that investors will use to predict when the Fed will

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<v Speaker 1>start cutting interest rates. Former Treasury Secretary Larry Summer says

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<v Speaker 1>there is potential for surprises.

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<v Speaker 8>Market used to be expecting six cuts in twenty twenty four.

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<v Speaker 8>Now the markets expecting three cuts, and the Fed's carried

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<v Speaker 8>that off skillfully. There hasn't been much disruption or dislocation

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<v Speaker 8>as that change has taken place, but I think that's

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<v Speaker 8>going to be there with us.

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<v Speaker 1>And Larry Summers added that there's an increasing chance that

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<v Speaker 1>policymakers don't end up lowering their benchmark rate this year.

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<v Speaker 1>You can hear Summer's full comments on the Bloomberg Wall

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<v Speaker 1>Street Week podcast, available on Apple, Spotify and anywhere else

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<v Speaker 1>you get your podcasts.

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<v Speaker 9>Well.

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<v Speaker 2>Now the latest on the equity markets, Karen, Futures are

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<v Speaker 2>lower as we begin a new trading week, but look

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<v Speaker 2>at bitcoin. It is on the rise once again, topping

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<v Speaker 2>seventy one thousand dollars for the first time. Checking Bitcoin

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<v Speaker 2>right now, it's trading at seventy one thousand, two hundred.

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<v Speaker 2>We're also seeing crypto stocks rise on the news. Coen

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<v Speaker 2>based Global is up more than five percent in early trading.

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<v Speaker 2>Micro Strategy is up more than seven percent.

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<v Speaker 1>Well in company news, nathany social media platform or Reddit

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<v Speaker 1>is closing in on one of the biggest initial public

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<v Speaker 1>offerings so far this year. We get the details from

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<v Speaker 1>Bloomberg's Doug Krisner.

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<v Speaker 10>It would be one of the biggest IPOs so far

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<v Speaker 10>this year. We are told Reddit is planning to sell

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<v Speaker 10>twenty two million shares. They would be priced between thirty

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<v Speaker 10>one and thirty four dollars each. Earlier, Bloomberg reported Reddit

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<v Speaker 10>was targeting evaluation of as much as six and a

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<v Speaker 10>half billion dollars. We're also told Reddit is setting aside

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<v Speaker 10>nearly one point eight million shares to be bought by

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<v Speaker 10>users and moderators who created accounts before January first. Those

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<v Speaker 10>shares would not be subject to a lock up period,

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<v Speaker 10>and that means the owners can sell them on the

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<v Speaker 10>first day of trading in New York. I'm Doug Prisoner,

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<v Speaker 10>Bloomberg Radio.

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<v Speaker 2>Okay, Doug, thank you.

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<v Speaker 1>Now.

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<v Speaker 2>There could be a bad omen for Apple, and it's

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<v Speaker 2>coming from Warren Buffett. More on that in this report

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<v Speaker 2>from Bloomberg's John Tucker.

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<v Speaker 11>And Nate Warren Buffett's Birshire Hathaway sold just over one

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<v Speaker 11>percent of its holdings in Apple last quarter. When Berkshire

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<v Speaker 11>last sold these stock between twenty nineteen and twenty twenty,

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<v Speaker 11>that's selling persisted for several quarters. Apple stock has been

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<v Speaker 11>hit hard by a drumbeat of negative news, including a

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<v Speaker 11>two billion dollar anti trust fine, slumping sales in China,

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<v Speaker 11>and the scrapping of a decade long car project. I

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<v Speaker 11>spend ten billion dollars on that car project. Apple saw

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<v Speaker 11>iPhone sales in China dropped twenty four percent of the

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<v Speaker 11>first six weeks of this year and lost its title

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<v Speaker 11>of China's best selling smartphonemaker. Analyst revenue outlook for this

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<v Speaker 11>quarter and next is pretty grim. Berkshire Hathaway sold ten

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<v Speaker 11>million apples heares equivalent to about one point six to

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<v Speaker 11>nine billion dollars in the final quarter of twenty twenty three.

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<v Speaker 11>Apple hasn't participated in this year's stock rally since at

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<v Speaker 11>the start of the year. It's down eleven percent. John Tucker,

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<v Speaker 11>Bloomberg Radio.

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<v Speaker 1>All right, John, thanks, so we'll we have another note

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<v Speaker 1>on Apple this morning. The company is preparing to open

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<v Speaker 1>its eighth store in Shanghai this month. The move adds

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<v Speaker 1>to its largest retail network after the United States. At

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<v Speaker 1>a time, iPhone sales and are slowing.

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<v Speaker 9>Now.

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<v Speaker 2>If you think you missed out on the massive rally

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<v Speaker 2>in the so called Magnificent seven stocks, there may still

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<v Speaker 2>be time. Strategists did JP Morgan Chase say those stocks,

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<v Speaker 2>which include Nvidia, Microsoft, and Amazon, are cheaper compared to

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<v Speaker 2>the rest of the equity market than they were five

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<v Speaker 2>years ago. Given their latest set of earnings. JP Morgan

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<v Speaker 2>says it still favors growth over value stocks.

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<v Speaker 1>Now Nathan to news in the airline industry and more

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<v Speaker 1>trouble for Boeing. Delta CEO says the airline now expects

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<v Speaker 1>deliveries of its Boeing seven thirty seven Max ten aircraft

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<v Speaker 1>could be pushed out to as late as twenty twenty seven.

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<v Speaker 1>Delta has orders for one hundred Max ten planes and

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<v Speaker 1>options to purchase thirty more, and was expecting to receive

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<v Speaker 1>them as soon as next year. The potential delay comes

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<v Speaker 1>as Boeing faces more federal safety and criminal reviews after

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<v Speaker 1>a series of incidents, including the blowout of a fuselage

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<v Speaker 1>section during an Alaska Airline's flight in January. And it's

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<v Speaker 1>time now for a look at some of the other

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<v Speaker 1>stories making news in New York and around the world.

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<v Speaker 1>And for that we're joined by Bloomberg's Michael Barr Michael,

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<v Speaker 1>Good Morning, Good Morning.

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<v Speaker 12>Karen Oppenheimer was crown Best Picture at the ninety six

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<v Speaker 12>Academy Awards. Christopher Nolan also took home Best Director honors

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<v Speaker 12>for Oppenheimer.

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<v Speaker 13>Movies are just a little bit over one hundred years old.

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<v Speaker 13>I mean, imagine being there one hundred years into painting

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<v Speaker 13>or theater. We don't know where this incredible journey is

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<v Speaker 13>going from here, but to know that you think that

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<v Speaker 13>I'm a meaningful part of it means the world to me.

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<v Speaker 12>The most closely watched contest of the Academy Awards, aired

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<v Speaker 12>on ABC, went to Emma Stone, who won Best Actress

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<v Speaker 12>for her performance as Bella Baxter in Poor Things. It's

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<v Speaker 12>about a team that came together to make something greater

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<v Speaker 12>than the sum of its parts, and.

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<v Speaker 2>That is the best part about making movies.

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<v Speaker 12>Killian Murphy also won his first Oscar named Best Actor.

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<v Speaker 12>Robert Downey Junior won Best Supporting Actor at the Academy Awards,

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<v Speaker 12>notching his first Oscar. Divine Joy Randolph took home Best

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<v Speaker 12>Supporting Actress Hunters for her role in The Holdovers. Meanwhile,

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<v Speaker 12>protest over Israel's war in Gaza snarl traffic around the

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<v Speaker 12>Academy Awards. It slows the celebrities arrival at the Red carpet.

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<v Speaker 12>Threats to the US pos by China, Russia, Iran, North

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<v Speaker 12>Korea will be in the spotlight. Later today at a

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<v Speaker 12>Senate hearing, the Intelligence Committee will hear from the heads

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<v Speaker 12>of the CIA FBI, National Security Agency, Defense Intelligence Agency,

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<v Speaker 12>and the State Department's Bureau of Intelligence and Research. Lawmakers

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<v Speaker 12>are expected to question the officials about key world threats,

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<v Speaker 12>including increasing aggression from Russia, instability in the Middle East,

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<v Speaker 12>and the looming challenge from China. Democratic Senator Bob Menendez

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<v Speaker 12>and his co defendants will appear in a federal court today.

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<v Speaker 12>The senator from New Jersey is facing a new superseding

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<v Speaker 12>indictment and more charges brought by federal prosecut in the

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<v Speaker 12>Southern District of New York. Added new charges for the

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<v Speaker 12>senator his wife alleged co conspirators include conspiracy to obstruct

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<v Speaker 12>justice and obstruction of justice. The accuse Medendez of working

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<v Speaker 12>to benefit Cutter. Along with Egypt, heavy rain has brought

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<v Speaker 12>flooding to parts of the northeast. In Essex County, New

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<v Speaker 12>Jersey along the Basaic River, A number of residents in

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<v Speaker 12>Fairfield have already moved their cars to higher ground in

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<v Speaker 12>anticipation of the water level continuing to swell. Yards are

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<v Speaker 12>already submerged, especially those along the Basaic. One resident says

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<v Speaker 12>FEMA raised her house to a second level seventeen years ago,

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<v Speaker 12>so now she feels safe.

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<v Speaker 1>They elevated me way above the base flood level, like

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<v Speaker 1>a foot above.

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<v Speaker 6>I'm self contained upstairs.

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<v Speaker 9>It's wonderful.

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<v Speaker 5>I fish you off the deck.

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<v Speaker 6>I grilled my food, and I don't have to go

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<v Speaker 6>to work for a few days.

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<v Speaker 2>It's a good excuse.

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<v Speaker 12>Today's strong wind guests will hit the Tri State area

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<v Speaker 12>of at least fifty miles an hour. Global news twenty

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<v Speaker 12>four hours a day, and whenever you want it with

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<v Speaker 12>Bloomberg News. Now, Lebarn, this is Bloomberg Camry.

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<v Speaker 1>All right, Michael, thank you, and it's time now for

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<v Speaker 1>the Bloomberg Sports Update, brought to you by Tri State Audi.

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<v Speaker 1>For that we bring in John stash Hour. John, good morning,

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<v Speaker 1>Good morning, Karen.

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<v Speaker 4>To say the NIXT struggle to score would be quite

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<v Speaker 4>the understatement. Only fifteen points in the first quarter. The

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<v Speaker 4>second quarter was better. They scored sixteen. They finished with

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<v Speaker 4>seventy three. If you had scored an NBA game this

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<v Speaker 4>season at the Guard in Philadelphia, won an ugly one

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<v Speaker 4>seventy nine seventy three. Nick shot only thirty three percent,

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<v Speaker 4>had nineteen turnovers. Their coach is Tom Thibodeau.

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<v Speaker 9>Thought our defense was good. I thought the rebounding was good. Enough,

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<v Speaker 9>you know, and then they made a couple shots at

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<v Speaker 9>you know, late in the third start to fourth, but

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<v Speaker 9>we fought, got back, they had a chance at the

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<v Speaker 9>end and we had, you know, a couple turnovers that

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<v Speaker 9>hurt us.

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<v Speaker 12>There.

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<v Speaker 4>The same two teams right back at the Garden tomorrow.

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<v Speaker 4>The Knicks still sits fourth in the East, but just barely.

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<v Speaker 4>They led to Orlando by a half game, won Indiana

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<v Speaker 4>by a game and a half. In Miami by two.

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<v Speaker 4>The Pacers beat the Magic the Heat We're upset, lost

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<v Speaker 4>at home to the Wizards. Good win for the Nets

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<v Speaker 4>one twenty to one. On one on Cleveland. Mckel Bridges

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<v Speaker 4>scored twenty five in La Anthony Davis scored twenty seven.

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<v Speaker 4>He had twenty five rebounds, seven steals, five assists, and

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<v Speaker 4>three blocks, and the Lakers win over Minnesota. Islanders stay

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<v Speaker 4>hot one through six in a row, six to one.

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<v Speaker 4>At Edmonton. NFL free agency kicks off Wednesday, there's word

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<v Speaker 4>that Russell Wilson will sign a one year deal with

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<v Speaker 4>the Pittsburgh Steelers. They drafted Kenny Pickett in the first

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<v Speaker 4>round two years ago. He seemed to regress in his

0:11:33.880 --> 0:11:37.800
<v Speaker 4>second season. Another QB baker Mayfield staying with Tampa Bay.

0:11:37.840 --> 0:11:40.360
<v Speaker 4>A year ago he signed with the Bucks for four million.

0:11:40.480 --> 0:11:43.920
<v Speaker 4>This deal is for one hundred million over three years.

0:11:43.960 --> 0:11:47.000
<v Speaker 4>Half of that guaranteed. The Patriots will reportedly trade QB

0:11:47.160 --> 0:11:50.800
<v Speaker 4>mac Jones to the Jaguars. He's a Jacksonville, Nada. Scottie

0:11:50.800 --> 0:11:53.520
<v Speaker 4>Scheffler shot sixty six, pulled away won the Palmer Golf

0:11:53.559 --> 0:11:57.120
<v Speaker 4>at Bay Hill by five strokes. John Stasheward Bloomberg Sports

0:11:57.240 --> 0:11:59.800
<v Speaker 4>Nathan Okay, John, Thanks, want to turn right back to

0:11:59.840 --> 0:12:02.160
<v Speaker 4>the market. Gets you set for the trading week ahead,

0:12:02.240 --> 0:12:06.160
<v Speaker 4>at a time when gold and bitcoiner trading at record highs,

0:12:06.640 --> 0:12:08.959
<v Speaker 4>while futures are pulling back a bit as we wait

0:12:09.080 --> 0:12:12.480
<v Speaker 4>key inflation data later on this week. Joining us now

0:12:12.600 --> 0:12:15.760
<v Speaker 4>is Dennis Gartman, the chairman of the University of Akron

0:12:15.840 --> 0:12:19.680
<v Speaker 4>Indowment Investment Committee and the former publisher of the Gartment Letter.

0:12:19.840 --> 0:12:22.360
<v Speaker 4>It's a pretty interesting time in the market here, Dennis,

0:12:22.480 --> 0:12:25.680
<v Speaker 4>with some of these inflation headges trading at all time highs.

0:12:25.800 --> 0:12:29.240
<v Speaker 4>We saw that big swing and Invidia stock to end

0:12:29.320 --> 0:12:32.800
<v Speaker 4>the week. How do you read that swing to the

0:12:33.000 --> 0:12:37.160
<v Speaker 4>downside now for Nvidia, I.

0:12:37.280 --> 0:12:40.640
<v Speaker 5>Pay attention to the charts. Fundamentally, you want to understand

0:12:40.640 --> 0:12:42.640
<v Speaker 5>why something is working. Then you want to understand why

0:12:42.679 --> 0:12:45.880
<v Speaker 5>the technicals are how the technicals are functioning. And one

0:12:45.920 --> 0:12:50.000
<v Speaker 5>of the most important technical circumstances that can prevail is

0:12:50.080 --> 0:12:52.040
<v Speaker 5>what's known as a reversal day. When you make a

0:12:52.720 --> 0:12:56.000
<v Speaker 5>new high trade to new highs on volume and then

0:12:56.160 --> 0:12:59.079
<v Speaker 5>break below the previous days low and close below the

0:12:59.120 --> 0:13:01.880
<v Speaker 5>previous days low. When you have an outside reversal day,

0:13:01.960 --> 0:13:04.960
<v Speaker 5>that's important, and outside reversal week is even more important.

0:13:05.400 --> 0:13:09.240
<v Speaker 5>But you had an outside reversal day after just euphoria

0:13:09.400 --> 0:13:11.880
<v Speaker 5>in Nvidia on Friday, and I think that that can

0:13:12.000 --> 0:13:14.599
<v Speaker 5>mark a very important top in that stock. It's the

0:13:14.640 --> 0:13:17.000
<v Speaker 5>first time I've talked about that for a while, but

0:13:17.120 --> 0:13:20.120
<v Speaker 5>we had an outside reversal day in Nvidia, and you

0:13:20.240 --> 0:13:22.640
<v Speaker 5>had weakness across the board and most of the other

0:13:23.080 --> 0:13:26.160
<v Speaker 5>high tech stocks on Friday following what happened to Nvidia.

0:13:26.240 --> 0:13:27.599
<v Speaker 5>So I think you have to pay attention to the

0:13:27.679 --> 0:13:30.400
<v Speaker 5>fact that so many people had bought into that stock

0:13:30.440 --> 0:13:32.760
<v Speaker 5>in the course of the past two or three or

0:13:32.800 --> 0:13:35.439
<v Speaker 5>four weeks and now find themselves trapped in a rather

0:13:35.760 --> 0:13:40.160
<v Speaker 5>uncomfortable positions. So I think Friday was an important technical

0:13:40.240 --> 0:13:43.360
<v Speaker 5>circumstance for Nvidia and for the stock market generally.

0:13:43.640 --> 0:13:45.080
<v Speaker 2>Now on the other side of the coin, we did

0:13:45.160 --> 0:13:47.800
<v Speaker 2>hear from a JP Morgan Chase strategist saying that the

0:13:48.679 --> 0:13:52.480
<v Speaker 2>Magnificent seven stocks, which include Nvidia, could have more room

0:13:52.559 --> 0:13:54.800
<v Speaker 2>to run, that they're cheaper compared to the rest of

0:13:54.840 --> 0:13:57.160
<v Speaker 2>the market because of their latest set of earnings.

0:13:57.240 --> 0:13:57.600
<v Speaker 12>What did that.

0:13:59.440 --> 0:14:03.679
<v Speaker 5>Timeshelters whether that is a viable alternative or not a

0:14:03.840 --> 0:14:07.120
<v Speaker 5>viable outlook or not. I think that that probably is

0:14:07.160 --> 0:14:10.719
<v Speaker 5>a little misbegotten or shall prove to be misbegotten. And

0:14:10.880 --> 0:14:12.800
<v Speaker 5>of course the next two or three weeks I pay

0:14:12.800 --> 0:14:15.920
<v Speaker 5>attention to reversal days, and that was the first reversal

0:14:15.960 --> 0:14:19.160
<v Speaker 5>we've seen in quite some period of time in Nvidia

0:14:19.160 --> 0:14:21.360
<v Speaker 5>and and a high tech stock. So I think that

0:14:21.480 --> 0:14:24.520
<v Speaker 5>that outlook will prove to be incorrect over time. Time

0:14:24.560 --> 0:14:25.000
<v Speaker 5>shall tell.

0:14:25.480 --> 0:14:27.480
<v Speaker 2>Now we have yet to see a reversal when it

0:14:27.600 --> 0:14:31.640
<v Speaker 2>comes to not just gold but bitcoin. I mean, the

0:14:32.360 --> 0:14:35.960
<v Speaker 2>move that we're seeing in the digital currency is just

0:14:36.200 --> 0:14:41.000
<v Speaker 2>breathtaking right now. I know you've been skeptical of bitcoin

0:14:41.200 --> 0:14:43.400
<v Speaker 2>in the past. What is your read on this now?

0:14:44.200 --> 0:14:47.720
<v Speaker 5>I remain skeptical of bitcoin, but let's be blunt. I

0:14:47.800 --> 0:14:51.880
<v Speaker 5>have been wrong. I'm too old to be involved in bitcoin.

0:14:51.960 --> 0:14:56.120
<v Speaker 5>It's a young person's trade, to be blunt. I much

0:14:56.200 --> 0:14:59.440
<v Speaker 5>prefer being an owner of gold as an inflation hedge,

0:14:59.440 --> 0:15:04.200
<v Speaker 5>as a geopolitical risk hedge. And I congratulate those people

0:15:04.240 --> 0:15:08.800
<v Speaker 5>who have listened to and followed, and played with and invested.

0:15:08.920 --> 0:15:13.080
<v Speaker 5>I put the word invested in quotation marks concerning bitcoin.

0:15:13.520 --> 0:15:16.560
<v Speaker 5>But congratulations to those people who have invested in bitcoin.

0:15:16.640 --> 0:15:20.640
<v Speaker 5>They they have been proven correct. It's a generational circumstance

0:15:20.800 --> 0:15:24.520
<v Speaker 5>rather than a fundamental circumstance. But I do understand why

0:15:24.560 --> 0:15:29.480
<v Speaker 5>they have. It has risen because of scarcity values and

0:15:29.840 --> 0:15:32.040
<v Speaker 5>the having, as they call it, will be taking place,

0:15:32.120 --> 0:15:34.840
<v Speaker 5>I guess later this month or early next month, which

0:15:34.920 --> 0:15:38.400
<v Speaker 5>slows the creation of bitcoin. And that's the that's the

0:15:38.480 --> 0:15:41.880
<v Speaker 5>one fundamental that does make some sense. There is a finite,

0:15:42.000 --> 0:15:45.080
<v Speaker 5>a very distinct, finite amount of bitcoin that can be created,

0:15:45.560 --> 0:15:51.400
<v Speaker 5>and soon that that amount will be finalized. So unlike

0:15:53.080 --> 0:15:55.000
<v Speaker 5>debt here in the United States, which can go on

0:15:55.120 --> 0:15:59.240
<v Speaker 5>and grow exorbitantly and exponentially, the amount of bitcoin that

0:15:59.280 --> 0:16:02.800
<v Speaker 5>will be created is a finite circumstance. I still will

0:16:02.840 --> 0:16:06.280
<v Speaker 5>be skeptical of it, and congratulations to those people who

0:16:06.320 --> 0:16:09.600
<v Speaker 5>have done the job and been involved, but I shall

0:16:09.680 --> 0:16:09.920
<v Speaker 5>not be.

0:16:13.680 --> 0:16:16.680
<v Speaker 3>This is Bloomberg Daybreak Today, your morning brief on the

0:16:16.760 --> 0:16:20.120
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0:16:20.440 --> 0:16:23.160
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0:16:57.520 --> 0:16:58.000
<v Speaker 3>Hager and.

0:16:58.040 --> 0:17:01.320
<v Speaker 1>I'm Karen Moscow. Join us again tomorrow morning for all

0:17:01.400 --> 0:17:03.880
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0:17:04.080 --> 0:17:05.320
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