WEBVTT - Leaked Documents Arrest; Bank Earnings Begin

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<v Speaker 1>From the Bloomberg Interact, a broker's studios. This is Bloomberg

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<v Speaker 1>Daybreak for Friday, April fourteenth. Coming up today, and arrest

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<v Speaker 1>in the Pentagon leak raises new questions about America's secrets.

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<v Speaker 1>President Biden wraps up his Irish tour with twenty twenty

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<v Speaker 1>four in mind. Bank earnings begin with JP Morgan, Chase Citygroup,

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<v Speaker 1>and Wells Fargo all reporting and retail sales camp off

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<v Speaker 1>a busy week of economic data. Sooner he drops the

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<v Speaker 1>sat of Donald Trump deposed in New York for nearly

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<v Speaker 1>seven hours. I'm John Tucker. Those stories straight ahead, and

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<v Speaker 1>I'm Dan Schwartzman. The Yankees get tramps by the Twins

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<v Speaker 1>in the Bronx. I'll have that more coming up in sports.

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<v Speaker 1>That's all straight ahead on Bloomberg Daybreak, The business news

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<v Speaker 1>you need disturn your day, and just one fifteen minute

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<v Speaker 1>podcast each pointing on Apple, Spotify, the Bloomberg Business App,

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<v Speaker 1>and everywhere you get your podcasts. Good morning, I'm Nathan

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

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<v Speaker 1>following today. We begin with major developments in the classified

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<v Speaker 1>Pentagon Leak, a twenty one year old airman is under

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<v Speaker 1>arrest and now the US government is in an awkward position.

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<v Speaker 1>Bloomberg's at Baxter has the story Jack Deschara is classified

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<v Speaker 1>as a cyber transport system journeyman. Education requirement high school degree,

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<v Speaker 1>driver's license, up to eighteen months of on job training.

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<v Speaker 1>How did he have access to the documents? Pentagon spokesman

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<v Speaker 1>Brigadier General pat Ryder, this was a deliberate criminal act,

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<v Speaker 1>violation of those guidelines. And White House spokesman when Karein

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<v Speaker 1>Jean Pierre. The Department of Defense has said they have

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<v Speaker 1>taken steps to further restrict access to sensitive information. It

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<v Speaker 1>will be interesting to gauge international response in the coming days.

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<v Speaker 1>In San Francisco, I'm at Baxter, Bloomberg day Break. All right,

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<v Speaker 1>thanks with a document leaks overshadowed President Biden strip to Ireland.

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<v Speaker 1>The White House says the President has been briefed on

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<v Speaker 1>it as he stays focused on his Irish heritage. If

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<v Speaker 1>if we gave him the poor attempt at Irish tomy

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<v Speaker 1>shaw WAYA, I'm at home. The President addressed the Irish

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<v Speaker 1>Parliament in Dublin yesterday, then took part in a banquet

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<v Speaker 1>dinner with Prime Minister Leo varadker Brian said the US

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<v Speaker 1>will work with Ireland to promote shared values, especially as

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<v Speaker 1>we marked the twenty fifth anniversary the Good Friday Agreements

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<v Speaker 1>this week. Above all, remember the vital and ceaseless work

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<v Speaker 1>of strengthening democracy to deliver progress for our people everywhere.

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<v Speaker 1>And on this final day of his visit, President Biden

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<v Speaker 1>will speak at a cathedral and County Mayo. It's made

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<v Speaker 1>of brick sold by a distant relative. Let's turn to

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<v Speaker 1>the markets now, Karen. The economy and interest rates have

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<v Speaker 1>been in focus all this week. Today we get our

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<v Speaker 1>first snapshot at bank earning since the recent turmoil. We

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<v Speaker 1>get more from Bloomberg Global Finance correspondent Shinali Bask. There

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<v Speaker 1>are a lot of questions for JP Morgan City Group

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<v Speaker 1>and Wells Fargo for how much they bought an in

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<v Speaker 1>deposit during this big move away from the regional banks

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<v Speaker 1>in the first quarter of this year. PNC is also

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<v Speaker 1>reporting today, so investors will have questions on whether there's

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<v Speaker 1>a credit crunch and whether regional banks have the propensity

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<v Speaker 1>to lend to the economy when the economy looks like

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<v Speaker 1>it's getting tough. We'll be watching for provisions for loan

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<v Speaker 1>losses to see if the banks are preparing for tougher

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<v Speaker 1>times ahead, and we'll be watching for their economic commentary

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<v Speaker 1>as well. And Bloomberg Shinali Bassek says look for JP,

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<v Speaker 1>Morgan and Wells Fargo earnings around seven am. Wall Street

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<v Speaker 1>Time Citygroup reports at eight well one of the stocks

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<v Speaker 1>hit hardest during the banking turmoil, Nathan maybe under more

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<v Speaker 1>pressure today. A top investor has exited his entire position

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<v Speaker 1>in Charles Schwab. The Financial Times is reporting Rajeev Jane's

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<v Speaker 1>g a QG partner sold its entire one point four

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<v Speaker 1>billion dollars stake during last month's turmoil, and Schwab's shares

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<v Speaker 1>have lost nearly a third of their value since March.

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<v Speaker 1>Well after a pair of key inflation reports this week, Karen,

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<v Speaker 1>we wrap up the week with the March reading on

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<v Speaker 1>retail sales. Monomists are forecasting a decline of four tenths

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<v Speaker 1>of a percent. We get a preview from Bloomberg's Michael

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<v Speaker 1>McKee March malaise the analysts are calling it and expected

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<v Speaker 1>drop in retail sales last month as consumer sentiment turned

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<v Speaker 1>sour and tax refunds fell twenty five billion dollars in

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<v Speaker 1>March compared with the same month a year ago. Banks

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<v Speaker 1>have reported falling credit card receipts and stores reports slower sales.

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<v Speaker 1>Auto sales also dropped during the month. The Fed end

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<v Speaker 1>Global Wall Street have been anxiously watching consumer spending for science.

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<v Speaker 1>The economy is slowing down. If the sales numbers prove

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<v Speaker 1>that out, then the question flips to how much and

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<v Speaker 1>how fast it's slowing and whether the Fed needs to

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<v Speaker 1>raise interest rates again. Michael McKee Bloomberg Daybreak. All right, Mike, thanks,

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<v Speaker 1>So global stocks are heading for their highest clothes in

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<v Speaker 1>ten weeks ahead of the retail sales report and bank earnings.

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<v Speaker 1>But despite the recent rally, one of Wall Street's biggest

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<v Speaker 1>bears remains bearish in the short term. Mike Wilson and

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<v Speaker 1>Morgan Stanley says, the S and P five hundred is

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<v Speaker 1>heading lower. We put those targets of three thirty three

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<v Speaker 1>hundred for a trough for this cycle in May of

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<v Speaker 1>last year. Okay, so that that has not changed. And

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<v Speaker 1>but you know, calling the price scan the time, I mean,

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<v Speaker 1>it's hard enough to get one right, to get both right.

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<v Speaker 1>I think it is tricky so we've been wrong on

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<v Speaker 1>the timing for sure, but it doesn't change our view

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<v Speaker 1>that that low end of the range, that path two

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<v Speaker 1>thirty nine hundred, we think still goes through kind of

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<v Speaker 1>low three thousands ultimately, and that thirty nine hundred price

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<v Speaker 1>target for Morgan Stanley's Mike Wilson is about six percent

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<v Speaker 1>below yesterday's close for the S and P over learning

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<v Speaker 1>more about a meeting in Washington this week here in

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<v Speaker 1>between Fedchair J Powell and People's Bank of China Governor

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<v Speaker 1>Ye Gong. Amy Morris has that from our Bloomberg ninety

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<v Speaker 1>nine one news erm in Washington. They met on Tuesday

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<v Speaker 1>during the World Bank and IMF Spring meetings, and while

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<v Speaker 1>the PBOC did not provide much detail, it did say

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<v Speaker 1>that Ye and Powell discussed the economic and financial situations

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<v Speaker 1>in the world's two largest economies. It was their first

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<v Speaker 1>one on one talk since twenty twenty, when Powell spoke

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<v Speaker 1>with Ye for seventeen minutes by phone. Their last in

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<v Speaker 1>person meeting was in twenty nineteen, on able to meet

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<v Speaker 1>in person since then, in part because China had imposed

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<v Speaker 1>strict border restrictions to contain the spread of COVID in Washington.

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<v Speaker 1>I maymy more as Bloomberg Daybreak, Amy, thank you, and

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<v Speaker 1>shares a bowing down four and a half percent in

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<v Speaker 1>early trading. Let's find out why with Bloomberg, Steve Rappaport,

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<v Speaker 1>Steve Karen Nathan. The aircraft maker says it's pausing deliveries

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<v Speaker 1>of some Max Jets because of a problem involving fittings

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<v Speaker 1>that attached the plane's vertical tale to the rear end

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<v Speaker 1>of the fuselage. The Max Jets were grounded worldwide in

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<v Speaker 1>twenty nineteen after a pair of deadly crashes. The company

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<v Speaker 1>this week reported a surgeon quarterly deliveries, outpacing rival Airbus

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<v Speaker 1>for the first time in nearly five years. Live in

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<v Speaker 1>New York, I'm Steve Rappaport, Bloomberg Daybreak. Thanks Steve, This

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<v Speaker 1>is Bloomberg. Seventy one degrees in New York, one more

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<v Speaker 1>warm day before the weekend. We'll get up to the

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<v Speaker 1>low eighties today and get down to around sixty tonight.

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<v Speaker 1>Take a look at some of the other stories making

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<v Speaker 1>news in New York and around the world with Bloomberg's

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<v Speaker 1>John Tucker. Good morning, John, Yeah, Good morning to Nathan.

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<v Speaker 1>The State University of New York dropping SAT test requirements.

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<v Speaker 1>Let's find out more in this report with Bloomberg's Denise Pellegrini.

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<v Speaker 1>John Sunny's board has unanimously voted to do away with

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<v Speaker 1>the admissions requirement for the SAT and the ACT, and

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<v Speaker 1>this goes for its dozens of campuses throughout the state.

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<v Speaker 1>The requirement had already been temporarily suspended during the pandemic,

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<v Speaker 1>and the National Center for Fair and Open Testing says

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<v Speaker 1>about eighty percent of US colleges and universities were already

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<v Speaker 1>test optional for undergrad's last fall. Sunny's enrollment has been

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<v Speaker 1>shrinking and fewer high school students have been taking the

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<v Speaker 1>standardized test, particularly among historically underrepresented students. John Our Bloomberg's

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<v Speaker 1>Deunise Pellegrini. Former President Donald Trump defending his real estate

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<v Speaker 1>business during a seven hour deposition with New York Attorney

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<v Speaker 1>General Letitia James, he defined expectations that he would plead

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<v Speaker 1>his Fifth Amendment right. James sued Trump, three of his kids,

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<v Speaker 1>and his company in September for two hundred and fifty

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<v Speaker 1>million dollars, alleging linked the inflated the value of his

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<v Speaker 1>assets for years. New York's all reduced a budget being

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<v Speaker 1>held up by legislative leaders wrangling with Governor Hokeel over

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<v Speaker 1>her proposal to toughen pre trial detention policies. That story

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<v Speaker 1>in this report from Bloomberg's Charlie Pellet. It is the

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<v Speaker 1>second consecutive year that Hockel has slipped changes to bail

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<v Speaker 1>policies into negotiations with fellow Democrats over the states more

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<v Speaker 1>than two hundred and twenty billion dollar budget. The spending

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<v Speaker 1>plan was due April first, and lawmakers have passed two

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<v Speaker 1>extensions that will keep the government functioning through April seventeenth,

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<v Speaker 1>but it is unclear when a deal might be reached.

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<v Speaker 1>In New York, Charlie Pellet, Bloomberg Daybreak pro Publica reporting

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<v Speaker 1>Supreme Court Justice Clarence Thomas and relatives sold three Georgia

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<v Speaker 1>properties that include Thomas's boyhood home to GOP mega donner

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<v Speaker 1>Harlan Crowe in twenty fourteen. In March, the first known

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<v Speaker 1>instance where money flow to the High Court justice from

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<v Speaker 1>the same Texas real estate magnate who has provided him

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<v Speaker 1>with lavish trips around the world. The Republican dominated Florida

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<v Speaker 1>legislature on Thursday approved a ban on abortions after six

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<v Speaker 1>weeks of pregnancy. A Proposals signed it a law later

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<v Speaker 1>in the day by GOP Governor Ron De Santis as

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<v Speaker 1>he prepares for an expended presidential run. The six week

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<v Speaker 1>band will take effect only if the state's current fifteen

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<v Speaker 1>week ban is upheld in an ongoing legal challenge that

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<v Speaker 1>is before the state's Supreme Court. At Meta planning to

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<v Speaker 1>invite teenagers and young adults to join its Metaverse app

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<v Speaker 1>in the coming months, but dozens of advocacy organizations and kids'

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<v Speaker 1>safety experts have signed a letter as sent to Meta

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<v Speaker 1>CEO Mark Zuckerberg asking him to terminate the plans. They

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<v Speaker 1>argue miners will face harassment and privacy violations. Global News

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<v Speaker 1>twenty four hours a day, powered by more than twenty

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<v Speaker 1>seven hundred journalists and analysts and more than one hundred

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<v Speaker 1>twenty countries. I'm John Tucker. This is Bloomberg, Nathan. Thank you, John.

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<v Speaker 1>Time now for our Bloomberg Sports update for that bringing

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<v Speaker 1>Dan Shortzman. Good morning, Nathan. The Yankees opening up a

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<v Speaker 1>four game series in the Bronx versus Minnesota as the

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<v Speaker 1>Twins dominated Hi driving kids and deep going back chucks.

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<v Speaker 1>He's on the track, He's at that's courtesy of the

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<v Speaker 1>S Network. Minnesota hitting four total home runs in the

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<v Speaker 1>eleven to two win. Game two A's tonight, as it

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<v Speaker 1>will be Nestor Cortez on the Hill from New York

0:10:24.240 --> 0:10:27.079
<v Speaker 1>versus Tyler Mallley for the Twins. Matt's opened up a

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<v Speaker 1>ten game West Coast swing at Oaklands after an off

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<v Speaker 1>day with Kodai Sanga on the Hill versus James Kapellian.

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<v Speaker 1>It is the Nets and Nick's getting in their playoffs

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<v Speaker 1>un to weigh on Saturday, broken on the road at

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<v Speaker 1>the Philadelphia seventy six Ers. Tip Off is at one pm.

0:10:40.920 --> 0:10:42.800
<v Speaker 1>Knicks playing game one of their opening round of the

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<v Speaker 1>playoffs in Cleveland versus the Cavaliers. Tip off schedule for

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<v Speaker 1>six pm. Calves are the four seed in the East,

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<v Speaker 1>the Knicks being the five seed. Rangers losing their regular

0:10:51.520 --> 0:10:53.760
<v Speaker 1>season finale three to two at home to the Toronto

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<v Speaker 1>Maple Leafs as Toronto scores three times in the third period. Meanwhile,

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<v Speaker 1>the Devil's coming back from a four to two third

0:10:59.480 --> 0:11:02.680
<v Speaker 1>periods to knock off the Washington Capitals in overtime five

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<v Speaker 1>to four, Luke Hughes scoring the winner his first career

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<v Speaker 1>NHL Goal New Jersey. Capping off their regular season with

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<v Speaker 1>the most wins and points in franchise history. The Devil's

0:11:11.920 --> 0:11:13.760
<v Speaker 1>and Rangers will be meeting in the first round of

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<v Speaker 1>the playoffs on Dan Schwartzman Bloomberg Sports Live from coast

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<v Speaker 1>to coast, from New York to San Francisco, Boston to Washington,

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<v Speaker 1>d C. Nationwide on Sirius XAM, the Bloomberg Business app,

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<v Speaker 1>and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning.

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<v Speaker 1>I'm Nathan Hager, a twenty one year old member of

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<v Speaker 1>the Air National Guard, is due to appear in court

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<v Speaker 1>today to answer for one of the biggest leaks of

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<v Speaker 1>US intelligence since Edward Snowden. The arrest of a junior

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<v Speaker 1>level Defense Department employee in the Pentagon League is raising

0:11:46.760 --> 0:11:50.040
<v Speaker 1>serious questions about the security of America's secrets and putting

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<v Speaker 1>the US government in a very awkward position to try

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<v Speaker 1>to answer them. For more, We're joined by Bloomberg News

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<v Speaker 1>Executive editor for International Government, Rosalind mathieson Good morning. First off,

0:11:59.480 --> 0:12:03.120
<v Speaker 1>what more do we know about this suspect Jack Tashira, Well,

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<v Speaker 1>not a lot, as you say. He's a very he's

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<v Speaker 1>a young man and having a fairly junior position, but however,

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<v Speaker 1>he had access to one of the highest classifications that

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<v Speaker 1>involved extensive vetting. He had access to very very top

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<v Speaker 1>level information that he was seemingly sharing with his friends

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<v Speaker 1>to try and get more friends. It doesn't appear that

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<v Speaker 1>he was doing this out of any effort to sort

0:12:24.720 --> 0:12:27.840
<v Speaker 1>of cultivate relationships with other countries or to go against

0:12:28.080 --> 0:12:30.079
<v Speaker 1>the US government. It was simply because he thought it

0:12:30.120 --> 0:12:33.120
<v Speaker 1>would make him look cool with his friends, and so

0:12:33.200 --> 0:12:36.760
<v Speaker 1>he was sharing very very sensitive information with them on

0:12:37.080 --> 0:12:39.680
<v Speaker 1>different platforms, and quite a lot of it. It seems

0:12:39.679 --> 0:12:42.079
<v Speaker 1>that turns out even more of it is still coming

0:12:42.120 --> 0:12:44.200
<v Speaker 1>out now, so we'll know more, of course, as time

0:12:44.240 --> 0:12:47.600
<v Speaker 1>goes on. We've had a very quick arraignment. Obviously he's

0:12:47.640 --> 0:12:51.480
<v Speaker 1>going to appear in court very soon and we'll find

0:12:51.480 --> 0:12:53.079
<v Speaker 1>out more at that point. But it does seem that

0:12:53.120 --> 0:12:56.559
<v Speaker 1>there was no great malign intent here, aside from to simply, oh,

0:12:56.600 --> 0:12:58.880
<v Speaker 1>I've got access to a lot of very very interesting,

0:12:58.920 --> 0:13:01.720
<v Speaker 1>high level I want to tell my friends about it. Well,

0:13:01.880 --> 0:13:04.680
<v Speaker 1>that raises the obvious question of who else could have

0:13:04.800 --> 0:13:07.920
<v Speaker 1>that same kind of access, and who else could have

0:13:08.080 --> 0:13:11.840
<v Speaker 1>an even more malign motivation to put it out there. Well,

0:13:11.840 --> 0:13:14.360
<v Speaker 1>that's right, because what we know is as of October

0:13:14.520 --> 0:13:18.680
<v Speaker 1>twenty nineteen, about three million people had permission to access

0:13:18.720 --> 0:13:21.839
<v Speaker 1>classified documents in the US. Of course, there were real

0:13:21.840 --> 0:13:25.480
<v Speaker 1>efforts after the September eleven attacks to sort of share

0:13:25.559 --> 0:13:29.760
<v Speaker 1>intelligence much more widely classified documents within the US and beyond.

0:13:29.800 --> 0:13:31.840
<v Speaker 1>And again in the run up to the Russia's invasion

0:13:31.880 --> 0:13:35.679
<v Speaker 1>of Ukraine, you saw widespread sharing of intelligence and classified

0:13:35.679 --> 0:13:38.920
<v Speaker 1>information quite publicly to some extent, by the US and

0:13:38.960 --> 0:13:42.360
<v Speaker 1>other Western allies to sort of warn Russia against invading,

0:13:42.440 --> 0:13:44.120
<v Speaker 1>saying we can see what you're doing and we know

0:13:44.160 --> 0:13:46.680
<v Speaker 1>what your intent is. And so it's become in a

0:13:46.720 --> 0:13:49.400
<v Speaker 1>way more normalized to have some of this information floating

0:13:49.400 --> 0:13:52.040
<v Speaker 1>around in the public domain. But the fact that at

0:13:52.080 --> 0:13:55.960
<v Speaker 1>least three million people as of October twenty nineteen, potentially

0:13:56.040 --> 0:13:58.200
<v Speaker 1>much more now since the war has been going on,

0:13:58.320 --> 0:14:00.839
<v Speaker 1>have access to these documents, the question is do any

0:14:00.880 --> 0:14:03.520
<v Speaker 1>of those have different kinds of intentions, perhaps to share

0:14:03.520 --> 0:14:06.920
<v Speaker 1>that information with other countries, with figures and other countries,

0:14:06.920 --> 0:14:09.199
<v Speaker 1>and not just with their friends. Well, even if this

0:14:09.600 --> 0:14:13.760
<v Speaker 1>relative spread of access could be normalized, we have seen

0:14:14.120 --> 0:14:17.520
<v Speaker 1>a pretty fierce reaction already even before the arrest, from

0:14:18.000 --> 0:14:21.720
<v Speaker 1>South Korean opposition leaders as well as Ukraine, saying that

0:14:22.040 --> 0:14:25.840
<v Speaker 1>Russia could be a beneficiary of some of these disclosures.

0:14:25.880 --> 0:14:28.520
<v Speaker 1>What further international fallout could we see now that we

0:14:28.600 --> 0:14:31.200
<v Speaker 1>do have an arrest in this case. Well, it's interesting

0:14:31.240 --> 0:14:33.960
<v Speaker 1>because you do see some public airing of disquiet, but

0:14:34.240 --> 0:14:37.000
<v Speaker 1>it's also a bit muted publicly that I don't really

0:14:37.040 --> 0:14:39.680
<v Speaker 1>want to call out the US too heavily. The reality

0:14:39.720 --> 0:14:42.120
<v Speaker 1>is that pretty much every country spies on every other country,

0:14:42.120 --> 0:14:44.080
<v Speaker 1>and they spy on each other, even if they're allies.

0:14:44.080 --> 0:14:46.840
<v Speaker 1>They just don't want it to become known publicly and

0:14:46.880 --> 0:14:49.440
<v Speaker 1>to this extent, so they're being a little bit quiet

0:14:49.440 --> 0:14:52.040
<v Speaker 1>publicly about it. But behind the scenes, from what we hear,

0:14:52.360 --> 0:14:54.960
<v Speaker 1>there are lots of phone calls going on into Washington saying, hey,

0:14:55.000 --> 0:14:57.840
<v Speaker 1>if we're sharing our intelligence with you bit through the

0:14:57.880 --> 0:15:00.960
<v Speaker 1>Five Eyes Intelligence Network or whatever, we kind of want

0:15:00.960 --> 0:15:03.840
<v Speaker 1>that information to stay safe. And it's clearly concerning that

0:15:03.880 --> 0:15:06.200
<v Speaker 1>it doesn't seem to be safe if it's shared with

0:15:06.280 --> 0:15:08.400
<v Speaker 1>the US, and that's kind of the concerns that are

0:15:08.400 --> 0:15:11.120
<v Speaker 1>being aired, and they don't want their own dirty linen

0:15:11.440 --> 0:15:13.240
<v Speaker 1>to become public. They don't want the extent of their

0:15:13.240 --> 0:15:15.880
<v Speaker 1>own actions to become public, and certainly they don't want

0:15:15.960 --> 0:15:18.280
<v Speaker 1>anything that might benefit Russia, as you say, and its

0:15:18.320 --> 0:15:22.160
<v Speaker 1>war in Ukraine. So certainly behind the scenes, those conversations

0:15:22.160 --> 0:15:24.960
<v Speaker 1>are going on and possibly sort of forcing yet another

0:15:25.000 --> 0:15:27.880
<v Speaker 1>reassessment in the US of how classified information is handled.

0:15:28.080 --> 0:15:31.480
<v Speaker 1>Are these conversations making for further difficulties for President Biden

0:15:31.520 --> 0:15:35.440
<v Speaker 1>as he's trying to tap into his heritage and have

0:15:35.520 --> 0:15:38.320
<v Speaker 1>sort of a celebratory mood as he continues to make

0:15:38.360 --> 0:15:41.120
<v Speaker 1>his way through Ireland. Well, it's interesting because, of course

0:15:41.120 --> 0:15:43.600
<v Speaker 1>he met with the UK Prime Minister Rishisunak, who know

0:15:43.640 --> 0:15:47.440
<v Speaker 1>the UK is part of that five Eyes intelligence sharing network. Publicly,

0:15:47.440 --> 0:15:50.520
<v Speaker 1>again it was all warmth and smiles and saying they

0:15:50.520 --> 0:15:52.800
<v Speaker 1>didn't really discuss it that much in private either. But

0:15:52.880 --> 0:15:55.400
<v Speaker 1>we do know from our own sources as we reported

0:15:55.400 --> 0:15:57.720
<v Speaker 1>that there have been conversations that have gone on. But

0:15:57.760 --> 0:15:59.960
<v Speaker 1>obviously for the US President, he wants this trip to

0:16:00.120 --> 0:16:02.880
<v Speaker 1>go well. He wants to tout his Irish streets. He also,

0:16:02.920 --> 0:16:05.520
<v Speaker 1>by the way, has some English roots also, but he

0:16:05.560 --> 0:16:07.960
<v Speaker 1>wants to sort of show that kind of stoic, determined

0:16:08.080 --> 0:16:10.720
<v Speaker 1>Irish heritage as he gives up for a re election

0:16:10.800 --> 0:16:13.560
<v Speaker 1>bit expected for next year, and obviously to say that

0:16:13.600 --> 0:16:16.200
<v Speaker 1>he's got the fight of the Irish in him, you know,

0:16:16.320 --> 0:16:19.000
<v Speaker 1>given his age, give given everything else, and his sort

0:16:19.040 --> 0:16:21.560
<v Speaker 1>of like tendency towards gaffs and other things, to show

0:16:21.600 --> 0:16:23.520
<v Speaker 1>that he's really capable and ready to step it up

0:16:23.520 --> 0:16:27.840
<v Speaker 1>for the campaign. This is Bloomberg Daybreak Today, your morning

0:16:27.880 --> 0:16:30.480
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