WEBVTT - Key White House Meeting; Biden Optimism on Cease-Fire

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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 Amy Morris. Here

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

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<v Speaker 1>We begin in Washington, where another partial government shut down

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<v Speaker 1>deadline is fast approaching. Lawmakers have till midnight Friday to

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<v Speaker 1>reach an agreement on four of their twelve annual funding bills. Today,

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<v Speaker 1>President Biden is meeting with congressional leaders to try to

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<v Speaker 1>break the impass and unlock billions of dollars in farn aid.

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<v Speaker 1>Senate Majority Leader Chuck Schumer says he is hopeful they

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<v Speaker 1>can get to a deal.

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<v Speaker 3>While we've made some good progress and a number of fronts, Unfortunately,

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<v Speaker 3>our House Republican colleagues are still struggling to figure themselves out.

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<v Speaker 3>There's a lot of uncertainty over how the House will

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<v Speaker 3>proceed in the coming days.

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<v Speaker 4>Till then.

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<v Speaker 1>Majority Leader Chuck Schumer's telling senators to keep their schedules flexible.

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<v Speaker 2>Meanwhile, a deal may be getting closer in the Middle East,

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<v Speaker 2>as Bloomberg's head Baxter reports their new hope for a

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<v Speaker 2>ceasefire between Israel and Hamas.

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<v Speaker 5>President Joe Biden says he hopes that cees fire between

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<v Speaker 5>Israel and Hamas can take effect by early next week,

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<v Speaker 5>and that security advisor tells me that we're close.

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<v Speaker 6>We're close and not done yet, and my hope is

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<v Speaker 6>by next Monday we'll have.

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<v Speaker 4>To cease fire.

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<v Speaker 5>And State Department spokes from Matthew Miller says details are

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<v Speaker 5>being worked out for the hostage release.

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<v Speaker 7>It depends on Hamas.

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<v Speaker 8>We believe a deal as possible and we hope AMAS

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<v Speaker 8>will greet you one.

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<v Speaker 5>And they hope to have the final plan by the weekend.

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<v Speaker 5>Ed Baxter, Bloomberg Radio.

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<v Speaker 1>All right, ed, thank you now. President Biden's support for

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<v Speaker 1>Israel is threatening his own political support as he ramps

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<v Speaker 1>up his reelection campaign. Michigan is holding its primary today.

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<v Speaker 1>Much of that state's Arab American population blames Biden for

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<v Speaker 1>failing to stop the war in Gaza. There's a grassroots

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<v Speaker 1>push in Michigan to vote uncommitted instead of for Biden

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<v Speaker 1>today to send him a message about his handling of

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<v Speaker 1>the crisis.

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<v Speaker 2>Meanwhile, the President was in New York City last night

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<v Speaker 2>for campaign events, and he took on the age question

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<v Speaker 2>during an appearance on NBC's Late Night with Seth Myers.

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<v Speaker 6>It's about how old your ideas are look. I mean,

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<v Speaker 6>this is a guy who wants to take us back.

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<v Speaker 6>He wants to take us back on Roe v. Wade,

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<v Speaker 6>he wants to take us back on a whole range

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<v Speaker 6>of issues that were fifty sixty years they've been solid

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<v Speaker 6>American positions.

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<v Speaker 2>The president also referred to an episode where former President

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<v Speaker 2>Trump appeared to call his wife by a different name,

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<v Speaker 2>although he may have been referring to someone else in

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<v Speaker 2>the crowd at that event. An NBC News poll from

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<v Speaker 2>January found three and four voters had concerns about Biden

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<v Speaker 2>age Biden's age, less than half said the same about

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<v Speaker 2>Donald Trump.

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<v Speaker 1>H let's turn back to markets now. Amy, for the

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<v Speaker 1>first time in more than two years, bitcoin is past

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<v Speaker 1>the fifty seven thousand level. Let's get the latest now

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<v Speaker 1>from Bloomberg's John Tucker, John.

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<v Speaker 9>And Nathan introduction of those bitcoin ETFs earlier this year,

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<v Speaker 9>and that's a big part of the reason for this jump.

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<v Speaker 9>Six point one billion dollars says poured into bitcoin to ETFs.

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<v Speaker 9>They began trading of the US on January eleventh. We

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<v Speaker 9>also have this upcoming of reduction in bitcoin, so apply

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<v Speaker 9>growth the having a micro strategy and enterprise software firm

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<v Speaker 9>says it's purchased another three thousand or so tokens this month.

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<v Speaker 9>Bitcoin has outperformed traditional assets like stocks and gold this year.

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<v Speaker 9>Shares of cryptorelated companies also gained in yesterday's trading. Trading

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<v Speaker 9>platform coinbased Global, for instance, increase seventeen percent. Bitcoin has

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<v Speaker 9>paired some of the earlier gains, now just under fifty

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<v Speaker 9>seven thousand dollars per token. I'm John Tucker, Bloomberg Radio.

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<v Speaker 2>All right, thank you, John, and bitcoin not the only

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<v Speaker 2>thing on the rise this morning. Shares of Zoom Video

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<v Speaker 2>are up more than ten percent in early trading. We

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<v Speaker 2>get that story from Bloomberg's Kimberly Adams.

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<v Speaker 10>The video conference provider reported quarterly sales and profit that

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<v Speaker 10>top analyst estimate. Zoom also announced a one point five

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<v Speaker 10>billion share buyback. After hypergrowth during the pandemic, Zoom had

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<v Speaker 10>experienced a dramatic sales slowdown, a mid competition for business customers,

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<v Speaker 10>and the departure of consumers from the video conferencing platform.

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<v Speaker 10>In the hopes of capturing more corporate client, Zoom has

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<v Speaker 10>expanded its product line to include phone systems, call centers,

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<v Speaker 10>and AI assistants. Zoom says contact center licenses have tripled

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<v Speaker 10>over the last year, and about half a million accounts

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<v Speaker 10>enabled Zoom's AI free companion. Kimberly Adams, Bloomberg Radio.

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<v Speaker 1>All right, Kim, thanks, we'll talk about trading places. Bloomberg

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<v Speaker 1>News has learned the fast fashion company Shan is considering

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<v Speaker 1>the possibility of switching its initial public offering to London

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<v Speaker 1>from New York because of hurdles getting it listed in

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<v Speaker 1>the US. We get more from Bloomberg Markets reporter Sam Onstead.

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<v Speaker 11>It would be an enormous IPO. I mean, even at

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<v Speaker 11>the lower end of their valuation, they would be about

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<v Speaker 11>the sixteen seventeenth biggest company in London if they did

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<v Speaker 11>list Their first choice very much New York, as it

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<v Speaker 11>should be the tech driven retailer, so their evaluation will

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<v Speaker 11>be a lot higher, their liquidity pools a lot higher.

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<v Speaker 11>But they think there's going to be issues in getting

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<v Speaker 11>past the SEC. So it may well be that what

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<v Speaker 11>you see here if they do indeed choose London instead

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<v Speaker 11>of say, Hong Kong or Singapore, is they get the

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<v Speaker 11>listing done but don't necessarily particularly love being here, may

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<v Speaker 11>well eventually kind of shift themselves over to EY the

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<v Speaker 11>new York, Hong Kong, Singapore Lodge of Markets with molliquincy.

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<v Speaker 1>Bloomberg Markets reporter Samunce said they're in London. He notes

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<v Speaker 1>shay And was founded in China but is now headquartered

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<v Speaker 1>in Singapore.

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<v Speaker 2>Turning to the economy, another FED official urging caution when

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<v Speaker 2>it comes to cutting interest rates, Kansas City FED President

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<v Speaker 2>Jeffrey Schmid says the central bank should be patient with

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<v Speaker 2>inflation above the FEDS two percent target and the job

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<v Speaker 2>market still strong. In his first major speech since taking

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<v Speaker 2>the job six months ago, Schmid also said he is

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<v Speaker 2>in no hurry to stop the ongoing reduction of the

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<v Speaker 2>fed's balance sheet.

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<v Speaker 1>In Asia, Japan's two year bond yield climbed to its

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<v Speaker 1>highest level in more than a decade. Stronger than expected

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<v Speaker 1>inflation data are boosting bets that the Bank of Japan

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<v Speaker 1>will end its negative interest rate policy in coming months.

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<v Speaker 2>And in China, state back buns have poured more than

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<v Speaker 2>fifty seven billion dollars into onshore shares this year in

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<v Speaker 2>a bid to prop up the market. That's according to

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<v Speaker 2>estimates by UBS, which expects further purchases. The Swiss Bank

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<v Speaker 2>says more than seventy five percent of the inflows when

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<v Speaker 2>into products tracking the benchmark CSI three hundred.

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<v Speaker 1>Index, and Ali Baba has led the largest single financing

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<v Speaker 1>round for a Chinese artificial intelligence startup. It's the latest

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<v Speaker 1>in a string of sizable investments that suggests the e

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<v Speaker 1>commerce firm is again deploying capital in the hunt for growth.

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<v Speaker 1>Ali Baba led a billion dollar funding round in Moonshot,

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<v Speaker 1>Ai that is one of the better known startups developing

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<v Speaker 1>generative artificial intelligence in China.

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<v Speaker 2>And in Europe. Bloomberg News has learned the UK's Chancellor

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<v Speaker 2>of the Exchequer, Jeremy Haunt mayan alsa new tax on

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<v Speaker 2>vapes in his budget next week. The levy would apply

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<v Speaker 2>to both manufacturers and importers. It's being considered part of

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<v Speaker 2>Prime Minister Regis Suneck's efforts to crack down on vaping

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<v Speaker 2>and smoking to protect children's health.

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<v Speaker 1>Time now to take a look at some of the

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<v Speaker 1>other 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 Bark.

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<v Speaker 4>Good Morning, Michael, Good Morning. Nathan. Reaction comes in as

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<v Speaker 4>Sweden is now set to follow Finland's footsteps and join NATO.

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<v Speaker 4>Approval from Hungary's parliament mark the thirty first and final

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<v Speaker 4>member to admit Sweden. It strengthens the alliance in the

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<v Speaker 4>face of Russia's war with Ukraine. Former US Ambassador to

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<v Speaker 4>NATO Ivo Dalder.

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<v Speaker 8>It now brings NATO closer to Russia's border. Remember the

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<v Speaker 8>war when the Ukraine was ostensibly started to prevent NATO

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<v Speaker 8>from coming closer to Russia's border. Well, one way in

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<v Speaker 8>which you bring NATO closer is when you start attacking

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<v Speaker 8>other countries and invading them.

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<v Speaker 4>Sweden decided to leave behind two hundred years of neutrality

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<v Speaker 4>after Russia invaded Ukraine. Donald Trump's lawyers have filed a

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<v Speaker 4>notice of appeal and his four hundred and fifty four

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<v Speaker 4>million dollar New York civil fraud judgment challenging a judge

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<v Speaker 4>is finding that he lied about his wealth as he

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<v Speaker 4>grew his real estate empire. Meanwhile, ahead of Trump's first

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<v Speaker 4>criminal trial, Manhattan District Attorney Alvin Bragg is asking a

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<v Speaker 4>judge to impose a partial gag order on the former president.

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<v Speaker 4>Questions over immigration continue in the case of a nursing

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<v Speaker 4>student murdered on the University of Georgia campus last week.

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<v Speaker 4>The older brother of the man charged allegedly showed a

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<v Speaker 4>fake green card to police as they investigated the woman's death.

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<v Speaker 4>Both men are from Venezuela. Governor Brian Kemp is demanding

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<v Speaker 4>answers from President Biden and immigration authorities.

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<v Speaker 1>She deserves justice, her family deserves justice, and we need

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<v Speaker 1>justice on a national level to prevent this type of

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<v Speaker 1>thing from happening again.

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<v Speaker 4>The older brother has been arrested by Georgia authorities and

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<v Speaker 4>the younger brother accused of murder has been under arrest

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<v Speaker 4>in New York City and at the border, but they

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<v Speaker 4>were parolled or released before customs enforcement agents could step in.

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<v Speaker 4>The DEA is cracking down on the use of pill

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<v Speaker 4>presses in its efforts to fight the fentanyl crisis. It

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<v Speaker 4>warns e commerce sites to regulate purchases of the presses

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<v Speaker 4>under current law. In a duplex turned drug lab in

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<v Speaker 4>New York City, DEA administrator and Milgrim says agents sees

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<v Speaker 4>presses along with two hundred thousand suspected fentanyl pills.

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<v Speaker 10>In the last six months, We've seized pill presses in

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<v Speaker 10>New York, in Massachusetts, in Mississippi, in Kentucky.

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<v Speaker 2>It's an industrial machine.

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<v Speaker 4>The DEA's Dan Milgrim says many of the machines arepurchased

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<v Speaker 4>online for as little as forty bucks. Students at New

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<v Speaker 4>York City is Albert Einstein School of Medicine got to

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<v Speaker 4>welcome surprise. Longtime Board of Trustees chairwoman doctor Ruth Goutnisman

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<v Speaker 4>is gifting the school one billion dollars to make tuition

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<v Speaker 4>free for current four year students and every student enrolling

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<v Speaker 4>in the future. Doctor Goutnisman made the huge donation in

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<v Speaker 4>the name of her late husband, David Sandy Gottisman, who

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<v Speaker 4>was an early investor in Berkshire Hathaway Global. Eing was

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<v Speaker 4>twenty four hours a day and whenever you want it

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<v Speaker 4>with Bloomberg News Now, I'm Michael Barr. This is Bloomberg Navan.

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<v Speaker 1>All right, Michael, thanks time now for the Bloomberg Sports update,

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<v Speaker 1>brought to you by Tri State OWD. He here's John

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<v Speaker 1>stash Ower.

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<v Speaker 12>Actually, the troit since came into the garden an NBA

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<v Speaker 12>worst eight and forty eight. This figured to be an

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<v Speaker 12>easy win for the next It was not. In fact,

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<v Speaker 12>they trailed on the waning seconds when there was a

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<v Speaker 12>wild sequence that included what the officials later admitted was

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<v Speaker 12>a missed call. Dante Devincenzo should have been whistled for

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<v Speaker 12>a loose ball foul. Detroit should have been at the

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<v Speaker 12>line up by one. Instead, it was a turnover that

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<v Speaker 12>led to Josh Hart's game winning layup with two seconds

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<v Speaker 12>left the Knicks one one thirteen to one eleven. Here

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<v Speaker 12>was Pistons coach Monty Williams after the.

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<v Speaker 13>Game, we had a chance to win the game and

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<v Speaker 13>the guy dove into a sar's legs and there was

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<v Speaker 13>a no call. That that's an abomination. You cannot miss

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<v Speaker 13>that in an NBA game, And I'm tired of talking

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<v Speaker 13>about it. I'm tired of our guys asking me what

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<v Speaker 13>more can we do?

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<v Speaker 4>Coach.

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<v Speaker 13>That situation is exhibit A to what we've been dealing

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<v Speaker 13>with all season.

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<v Speaker 4>Loss.

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<v Speaker 12>Jalen Brunson led the next thirty five points, Cade Cunningham

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<v Speaker 12>thirty two for Detroit and Memphis seven nets and double figures.

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<v Speaker 12>They won easily, won eleven to eighty six seventh wins

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<v Speaker 12>in late December, the first the new coach Kevin Ollie

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<v Speaker 12>in Dallas, Poe horvat Sjordan overtime, Islanders won three to

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<v Speaker 12>two in Seattle. The Bruins got a hat trick from

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<v Speaker 12>David Posternach but lost in a shootout. Colleges North Carolina

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<v Speaker 12>top Miami. And for the Tarios, R J. Davis forty

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<v Speaker 12>two points, the most ever scored at the Heels home arena,

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<v Speaker 12>and Tampa Nester Cortez, injured much the last season, took

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<v Speaker 12>them out, gave up seven hits in less than three innings.

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<v Speaker 12>The Yanks did beat the Twins. The Mets beat the

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<v Speaker 12>Nationals Grand Slam for Trace Thompson. That's Clay's younger brother.

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<v Speaker 12>First NFL team to give a player the franchise tag

0:11:32.600 --> 0:11:35.960
<v Speaker 12>Cincinnati and whiteout t Higgins. The Giants, who franchised Saquon

0:11:36.040 --> 0:11:38.720
<v Speaker 12>Barkley last year, could do it again, but are not

0:11:38.800 --> 0:11:40.800
<v Speaker 12>expected to, which would make him a free agent. The

0:11:40.880 --> 0:11:43.760
<v Speaker 12>NFL says it will not change the rule that when

0:11:43.760 --> 0:11:47.080
<v Speaker 12>a player fumbles into the end zone, the team loses possession.

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<v Speaker 12>It's only happened eight times in the last six years.

0:11:49.200 --> 0:11:52.400
<v Speaker 12>It did happen in a recent playoff game. John Stashiawer

0:11:52.440 --> 0:11:55.280
<v Speaker 12>Bloomberg Sports Nathan Okay, John, thank you. Let's get right

0:11:55.280 --> 0:11:57.479
<v Speaker 12>back down to the risk coming out of Washington.

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<v Speaker 13>D C.

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<v Speaker 1>We are just about three days away from the next

0:12:00.040 --> 0:12:03.120
<v Speaker 1>Martiall government shut down deadline, and today President Biden is

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<v Speaker 1>calling Congressional leaders to the White House to try to

0:12:05.520 --> 0:12:08.240
<v Speaker 1>get through the impass. But he's also got his own

0:12:08.280 --> 0:12:10.760
<v Speaker 1>re election in mind, the trips of the Southern border

0:12:10.840 --> 0:12:13.559
<v Speaker 1>later this week and stop at late night comedy last night.

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<v Speaker 1>So let's get into it all now. We're joined by

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<v Speaker 1>Terry Haynes, the founder of Pangea Policy. Terry, as we

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<v Speaker 1>await this White House meeting, where would you put the

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<v Speaker 1>risk of partial government shut down this morning?

0:12:25.000 --> 0:12:28.440
<v Speaker 7>Oh? I think it's not likely to happen just yet, Nathan.

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<v Speaker 7>You know, the one of the dynamics always is that,

0:12:31.760 --> 0:12:35.920
<v Speaker 7>you know, they the self created crises, is that they

0:12:35.960 --> 0:12:38.960
<v Speaker 7>go away, they come, they go away on a recess,

0:12:39.360 --> 0:12:41.720
<v Speaker 7>they come back. It takes them a little while to

0:12:41.720 --> 0:12:44.160
<v Speaker 7>figure out how to shuffle the cards and uh and

0:12:44.280 --> 0:12:49.679
<v Speaker 7>start playing the game again. And short term funding extensions

0:12:49.679 --> 0:12:53.800
<v Speaker 7>have already been bandied around in the House. You know,

0:12:53.880 --> 0:12:56.440
<v Speaker 7>the situation is very volatile, but I would expect there

0:12:56.480 --> 0:12:59.800
<v Speaker 7>to be a little bit of a little bit of

0:12:59.840 --> 0:13:03.120
<v Speaker 7>an extension before they get to it. I would never

0:13:03.200 --> 0:13:08.280
<v Speaker 7>underestimate the minority of House Republicans that I always call

0:13:08.320 --> 0:13:11.680
<v Speaker 7>the purists, wanting to have a government shut down while

0:13:11.720 --> 0:13:14.600
<v Speaker 7>the president's delivering a State of the Union address. But

0:13:14.679 --> 0:13:19.280
<v Speaker 7>I think that's probably less likely right now, So I

0:13:19.360 --> 0:13:21.360
<v Speaker 7>think we'll get a little bit of kicking a can

0:13:21.520 --> 0:13:23.040
<v Speaker 7>before they get down to brass tacks.

0:13:23.600 --> 0:13:27.119
<v Speaker 1>So is the bigger deadline than this April thirtieth deadline

0:13:27.160 --> 0:13:30.480
<v Speaker 1>when we get across the board spending cuts, doesn't that

0:13:30.640 --> 0:13:34.120
<v Speaker 1>become more likely a scenario that we just get to

0:13:34.160 --> 0:13:35.160
<v Speaker 1>that point.

0:13:36.000 --> 0:13:43.400
<v Speaker 7>Absolutely what the purists who paradoxically are doing more a

0:13:43.480 --> 0:13:46.240
<v Speaker 7>little bit more of what markets might want than anybody else,

0:13:46.280 --> 0:13:50.400
<v Speaker 7>because they're actually interested in cutting spending and at least

0:13:50.440 --> 0:13:52.640
<v Speaker 7>looking like they're trying to get a fiscal handle on things.

0:13:53.640 --> 0:13:55.439
<v Speaker 7>Not much of one, but a little bit is better

0:13:55.480 --> 0:13:59.360
<v Speaker 7>than a little bit is distinguished from nothing. They have

0:13:59.440 --> 0:14:01.880
<v Speaker 7>to basically have to do nothing, and they run up

0:14:01.880 --> 0:14:06.360
<v Speaker 7>against this April thirtieth one percent cut across the board deadline,

0:14:06.360 --> 0:14:10.400
<v Speaker 7>as you suggest, so it becomes they think their leverage

0:14:10.480 --> 0:14:13.679
<v Speaker 7>grows the longer this goes on. And that's another reason

0:14:13.679 --> 0:14:16.040
<v Speaker 7>why I think they probably kicked the can a little

0:14:16.080 --> 0:14:16.360
<v Speaker 7>bit more.

0:14:17.160 --> 0:14:19.560
<v Speaker 1>We heard from the President yesterday that he's hopeful that

0:14:19.640 --> 0:14:22.800
<v Speaker 1>a ceasefire could be coming in Gaza by Monday. We've

0:14:22.800 --> 0:14:27.240
<v Speaker 1>talked before about the difficulties that the President faces with

0:14:27.360 --> 0:14:30.760
<v Speaker 1>his own base when it comes to his support for Israel.

0:14:30.800 --> 0:14:32.440
<v Speaker 1>How could that play into what we see in the

0:14:32.480 --> 0:14:35.640
<v Speaker 1>Michigan primary later today, with a state that has a

0:14:35.640 --> 0:14:37.680
<v Speaker 1>pretty sizable Arab American population.

0:14:38.760 --> 0:14:43.280
<v Speaker 7>Well, you've you've hit exactly on what the why the

0:14:43.320 --> 0:14:46.520
<v Speaker 7>President all of a sudden is interested in providing Gaza

0:14:46.560 --> 0:14:50.360
<v Speaker 7>ceasefire updates. You know, my view of this is pretty simple.

0:14:51.200 --> 0:14:55.120
<v Speaker 7>You know, the President faces today in Michigan the possibility

0:14:55.520 --> 0:14:58.720
<v Speaker 7>of having people vote uncommitted, meaning they're not going to

0:14:58.760 --> 0:15:00.640
<v Speaker 7>vote for him or for anybody else, They're going to

0:15:00.680 --> 0:15:05.320
<v Speaker 7>vote uncommitted. If that uncommitted reaches say, ten percent of

0:15:05.360 --> 0:15:09.440
<v Speaker 7>the Michigan electorate, and that's certainly possible. You know, not

0:15:09.480 --> 0:15:12.680
<v Speaker 7>even the governor of the state is saying, who's a Democrat,

0:15:12.760 --> 0:15:16.440
<v Speaker 7>is saying that, you know, she thinks it's likely to

0:15:16.480 --> 0:15:19.280
<v Speaker 7>be a tiny protest vote or anything like that. If

0:15:19.320 --> 0:15:22.640
<v Speaker 7>it reaches double digits, that's going to shake the White

0:15:22.680 --> 0:15:25.040
<v Speaker 7>House a little bit. I think the President would be

0:15:25.120 --> 0:15:27.840
<v Speaker 7>very well served both this week and next week in

0:15:27.880 --> 0:15:30.880
<v Speaker 7>the State of the Union, by you know, laying out

0:15:30.880 --> 0:15:33.800
<v Speaker 7>exactly who were for, what we're for, and why we're for,

0:15:34.000 --> 0:15:38.160
<v Speaker 7>both on Israel and Ukraine and Taiwan. This White House

0:15:38.160 --> 0:15:41.040
<v Speaker 7>doesn't do that very much, but that time is nigh

0:15:41.040 --> 0:15:43.680
<v Speaker 7>for him, both as a president and as a candidate.

0:15:44.040 --> 0:15:46.120
<v Speaker 1>Just got thirty seconds left, Terry. But we heard the

0:15:46.160 --> 0:15:48.960
<v Speaker 1>President take on the age question on late night TV

0:15:49.120 --> 0:15:50.760
<v Speaker 1>last night. What did you make of a framing that

0:15:50.800 --> 0:15:52.520
<v Speaker 1>it's not about how old you are, but about how

0:15:52.560 --> 0:15:53.920
<v Speaker 1>old your ideas are.

0:15:55.160 --> 0:16:00.320
<v Speaker 7>Well, you know, you got to You got to with

0:16:00.360 --> 0:16:02.840
<v Speaker 7>what you got, and that's what he's got. So that's

0:16:02.840 --> 0:16:06.400
<v Speaker 7>what he's leading with. But I'd urge the White House

0:16:06.400 --> 0:16:08.560
<v Speaker 7>to work on the message a little bit because his

0:16:08.680 --> 0:16:11.400
<v Speaker 7>next comment is, of course, the idea is the ideas

0:16:11.880 --> 0:16:15.200
<v Speaker 7>are that he's defending our old two they've been around

0:16:15.200 --> 0:16:17.560
<v Speaker 7>fifty sixty years. I think was the clip you guys

0:16:17.640 --> 0:16:21.360
<v Speaker 7>just ran, so the and I'm not criticizing his defense

0:16:21.400 --> 0:16:24.440
<v Speaker 7>of them. I'm just saying, you know, it's nice to

0:16:24.440 --> 0:16:26.040
<v Speaker 7>be on television, but you got to do a little

0:16:26.080 --> 0:16:26.640
<v Speaker 7>bit more than that.

0:16:29.840 --> 0:16:32.880
<v Speaker 1>This is Bloomberg Daybreak today, your morning brief on the

0:16:32.920 --> 0:16:36.479
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0:16:36.520 --> 0:16:39.520
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