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Speaker 1: Global business news twenty four hours a day at Bloomberg

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Speaker 1: dot com, the Radio plus mobile app and on your radio.

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Speaker 1: This is a Bloomberg Business Flash. And I'm Karen Moscow

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Speaker 1: and this update is brought to you by Mark's Penneth

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Speaker 1: l LP, ranked among the top three forensic accounting firms

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Speaker 1: in New York by the New York Law Journal for

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Speaker 1: the six year in a row. Visit Marks Penneth dot

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Speaker 1: com data company i h S agreeing to acquire market

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Speaker 1: and a deal that values that combine firms and more

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Speaker 1: than thirteen billion dollars, and Starwood Hotels and Resorts Worldwide

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Speaker 1: accepting an improved bid from Marriott International valued at thirteen

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Speaker 1: point six billion dollars. SNP EVENI futures that will changed

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Speaker 1: up less than a point DOWI Mini futures up twelve

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Speaker 1: nash Dock E Mini futures up three and a half dacks.

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Speaker 1: In Germany's up half percent. The ten year treasury little

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Speaker 1: change yield one point eight seven percent. No, I'm excret

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Speaker 1: oil down one point two percent or forty eight cents

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Speaker 1: to thirty eight ninety six of barrel COMEX School down

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Speaker 1: half percent or five dollars eighty cents to twelve forty

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Speaker 1: eight fifty announced the euro at dollar twelve seventy six

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Speaker 1: one eleven point four six. That's a Bloomberg business flash.

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Speaker 1: Tom and Mike, Uh, Karen, I thank you so much.

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Speaker 1: It is such an a most interesting day for those

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Speaker 1: of a certain vintage to see the president and event,

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Speaker 1: and of course with all the other international relations going

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Speaker 1: out now, some of people would think it's either in

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Speaker 1: the movies like the latest Tom Hanks epic on Germany

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Speaker 1: or Michael. Many people would go, didn't I study that?

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Speaker 1: Like on an April Thursday twenty four years ago, the

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Speaker 1: long telegram, and maybe the long telegram has become a

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Speaker 1: short tweet. The world has changed, Ian Bremer from the

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Speaker 1: Arasia Group is with us, And before we took a break,

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Speaker 1: you were talking about how it has changed, and it

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Speaker 1: occurred to me to ask you, Uh. For so many decades,

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Speaker 1: US foreign policy was based on at least an overriding

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Speaker 1: idea and started coming out of World War Two with

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Speaker 1: George Kennon and containment. We don't have anything like that

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Speaker 1: right now. Is there any way something like that could

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Speaker 1: be developed? Is there someone working on something like that,

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Speaker 1: some sort of overarching philosophy for US foreign pulse. Well, look,

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Speaker 1: I mean I think that there are lots of bits

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Speaker 1: and pieces, but I wouldn't say that we have an

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Speaker 1: overarching policy. And I don't think there's been an Obama doctrine.

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Speaker 1: I do think that his worldview has been risk averse

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Speaker 1: um and it's been react when you need to, but

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Speaker 1: don't the whole don't do stupid stuff. I mean, if

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Speaker 1: that's that, that just doesn't rise to doctrine for me,

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Speaker 1: but it does rise to his worldview. Don't don't get

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Speaker 1: sucked into Syria, don't get sucked into Libya, do as

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Speaker 1: little as possible, and as if it becomes worse than

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Speaker 1: the Americans should play a role. But but it's these

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Speaker 1: things are morasses, right, And with China, manage the China relationship,

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Speaker 1: don't don't have a flare up, but it's gonna be

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Speaker 1: hard to actually build a partnership with them. So look,

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Speaker 1: you the Americans decided they were going to vote for

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Speaker 1: a first term senator with no foreign policy experience and

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Speaker 1: certainly without a worldview. That's not what he did. He

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Speaker 1: was very charismatic and soaring rhetoric and something that was

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Speaker 1: enormously different almost a one degree difference from President Push

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Speaker 1: and I think they got a president did reflect those sensibilities. Unfortunately,

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Speaker 1: this was a really bad eight years to have a

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Speaker 1: president that didn't do foreign policy much um and if

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Speaker 1: Obama was, you know, a C plus on foreign policy,

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Speaker 1: you kind of needed an A this time around. And

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Speaker 1: that's particularly problematic in the second term with a group

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Speaker 1: that is much weaker than his appointees in the cabinet

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Speaker 1: the first time around. Is the industry there, the industry

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Speaker 1: that you're part of, is there to develop the long

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Speaker 1: telegram iconically the long Telegram of Georgia Canada. Oh, I

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Speaker 1: think the industry is there, but they don't want to serve.

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Speaker 1: I mean that's part of the issue that's important. What

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Speaker 1: do you mean by that, well, I mean the number

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Speaker 1: of people that have extraordinary in sites into the world

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Speaker 1: of international affairs, but have decided that it's just ludicrous

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Speaker 1: for them, given the requirements of investigation, transparency, the corruption

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Speaker 1: of it, and the rest um that that it exists

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Speaker 1: to become a diplomat um or become a part a

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Speaker 1: senior part of administration, most people don't want to bother

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Speaker 1: And I think that's a problem that you see across

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Speaker 1: the board, not just in foreign policy, but in you know,

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Speaker 1: sort of domestic economic policy making as well. It's very

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Speaker 1: sad that my smartest friends on Wall Street would never

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Speaker 1: consider a term in service in the Treasury, for example,

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Speaker 1: and I think twenty years ago that's not true. They

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Speaker 1: would have considered that to be the capping of a

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Speaker 1: very meaningful career. This morning, that Donald calls you up

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Speaker 1: and says I need a copper coffee, what would you

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Speaker 1: tell Mr? Trump? You know, I think I'd say no, Um.

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Speaker 1: I think I would UM. I think that it's more

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Speaker 1: the role that I can play UM talking truth um

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Speaker 1: internationally and two American citizens about what Trump represents is

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Speaker 1: more significant UM than any insight I could glean UM

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Speaker 1: or any help that I could offer him. I don't think, frankly,

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Speaker 1: I think that given who he is and what he's represented,

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Speaker 1: his willingness to take good advice on foreign policy is

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Speaker 1: virtually zero. That's not encouraging, It's not now. That's why

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Speaker 1: I think it was a tough decision for hass I mean,

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Speaker 1: at the time that he did it, it was formula

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Speaker 1: because no one thought that Trump had a shot of anything.

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Speaker 1: So I mean, just as a matter of course, you

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Speaker 1: just as every four years you'd send out your briefing

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Speaker 1: papers and say, hey, the president of the Council Form

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Speaker 1: Relations is available to meet with you. I think if

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Speaker 1: hass had to take that decision over again today, he might,

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Speaker 1: and I know him pretty well, he might actually decide differently.

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Speaker 1: He'd certainly be personally very conflicted, because I think any

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Speaker 1: human being of sound mind and temperament recognizes that the

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Speaker 1: kind of rhetoric that we see coming out of the

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Speaker 1: Trump camp is actively dangerous for the few true of

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Speaker 1: our nation. Is a good a minute left from what

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Speaker 1: you know of Hillary Clinton? Is there a Clinton doctrine

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Speaker 1: for the next four day? I think there is. I

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Speaker 1: think if you go back to the speech on Economic

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Speaker 1: Statecraft that she offered when she was first Secretary of State,

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Speaker 1: I think it kind of outlines that it's the pivot

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Speaker 1: to Asia, it's the Transpacific partnership. Yes, what she now

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Speaker 1: says she's opposed to, but she was an architect on

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Speaker 1: and UM. I think it is UM, you know, sort

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Speaker 1: of the the recognition UM that the future of American

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Speaker 1: interest is overwhelmingly not Transatlantic, not the Middle East, that's

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Speaker 1: actually Asia. It's that's a bet, um, But it's a

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Speaker 1: bet that I think that she's willing to makes dead.

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Speaker 1: Everybody's telling no, no, no, it's not. I don't think

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Speaker 1: it's dead at all. I think that assuming that Hillary

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Speaker 1: or some non Trump Republican wins um, I think that

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Speaker 1: it goes in the lame duck and it gets done.

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Speaker 1: But if Trump were to become president gains something I

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Speaker 1: really don't expect, um, then I think it'll be very

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Speaker 1: hard to do the lame duck. Don't be a strange

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Speaker 1: enough about his books, and I might point out the

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Speaker 1: careful re read of his books, his wonderful book Every

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Speaker 1: Nation for Itself on the G zero world, You really

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Speaker 1: wonder with negative rates if maybe it's now the G

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Speaker 1: negative world. I asked that question this morning. It's unfortunately,

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Speaker 1: but at least Ian is briefing us. These briefings where

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Speaker 1: not as bad. Ian Bremer, this morning, thank you so much.

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Speaker 1: A very quiet hurt into the screen. Four day work week?

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Speaker 1: Uh coming? And Mike, did you get through the snow

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Speaker 1: drift this morning? Yes? The negative inches. You know you

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Speaker 1: shouldn't make light of it because Boston is getting snow.

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Speaker 1: Good morning, Bloomberg. Drive careful in Boston Bloomberg Surveillance. Bloomberg

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