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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. Single best idea amid

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Speaker 1: a holiday lengthened work week. I've always made a joke

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Speaker 1: about that, they say holiday shortened week. If you're in

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Speaker 1: the media business, there's so many other things to do

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Speaker 1: because you're not going to be there one day in

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Speaker 1: my case, Thursday, so it becomes a longer week. That's

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Speaker 1: what we're in right now. In a wonderful set of

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Speaker 1: conversations today, Chris Whalen was just spectacular his negative thoughts

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Speaker 1: on bitcoin, talking about the dynamics there and the retaalization

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Speaker 1: of bitcoin, and of course he's been outfront in criticism

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Speaker 1: of what the Trump administration is doing. With Fanny May

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Speaker 1: and Freddie Mac. We thank him for a heated conversation.

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Speaker 1: Brian Eggers was with us with Bloomberg Intelligence on this

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Speaker 1: whole betting thing. You know where Paul Sweeney and I

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Speaker 1: fit in on this just sort of basically at the

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Speaker 1: whole thing. China front and center headlines coming out through

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Speaker 1: the entire show on Ukraine, but China really front and center?

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Speaker 1: Is this time different for Taiwan? Elizabeth economy is definitive

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Speaker 1: at Stanford here is doctor economy and she and the military.

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Speaker 2: There's no doubt, you know. She Jinping has said he

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Speaker 2: wants the Chinese military to be prepared to take action

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Speaker 2: by twenty twenty seven. That doesn't mean that they're going

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Speaker 2: to launch any kind of military invasion in twenty twenty seven.

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Speaker 2: He's just put that down as a marker for when

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Speaker 2: he would want the military to be prepared to take Taiwan.

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Speaker 2: So I'll just say I was in tai in mainland China,

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Speaker 2: just came back Saturday, and one of the things that

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Speaker 2: our delegation heard was from a retired senior foreign policy

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Speaker 2: official that China is not prepared to wait two hundred

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Speaker 2: years and that it is prepared to take any form

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Speaker 2: of military action. So I think, you know, the the

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Speaker 2: heat is is, you know, it's only getting hotter for

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Speaker 2: Taiwan at this point, and.

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Speaker 1: Of course with Taiwan, it is about the short termism

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Speaker 1: of the American political process versus a long term belief

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Speaker 1: of what China looks at. Here again, Doctor Economy on

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Speaker 1: Beijing and Washington.

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Speaker 2: I think, look that there's still a sense within China

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Speaker 2: that President Trump can be very unpredictable. They see some

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Speaker 2: openings with President Trump, and I think the recent phone

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Speaker 2: call that was initiated by Sijenping is evidence that, you know,

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Speaker 2: Cijenping wanted to send a message about Taiwan, certainly that

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Speaker 2: Taiwan is part of China and doesn't want the United

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Speaker 2: States to wade into this you know, Japan, Mainland, China boujaha.

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Speaker 2: But I think he was also probing to see whether

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Speaker 2: President Trump might be willing to do something on Taiwan,

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Speaker 2: especially in the wake of this, you know, US Russia

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Speaker 2: negotiation over Ukraine and that initial peace plan that they

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Speaker 2: put forth.

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Speaker 1: Elizabeth Economy, Stanford University, and of course forever the Hoover Institution.

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Speaker 1: On podcasts, on Apple and Spotify, and on YouTube podcasts.

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Speaker 1: This is single best idea