WEBVTT - Trump Delays Tariffs on Autos; Germany Sends Bonds Spiraling

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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 Karen Moscow. Here

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

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<v Speaker 3>Karen, we begin with the latest in the US trade

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<v Speaker 3>war with Canada and Mexico. Automakers are getting a reprieve.

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<v Speaker 3>President Trump is giving a one month exemption from twenty

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<v Speaker 3>five percent tariffs to Ford, General Motors and Stillantis, but

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<v Speaker 3>White House Press Secretary Caroline Levit says the rest of

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<v Speaker 3>the world still nice.

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<v Speaker 4>Reciprocal tariffs will still go into effect on April second,

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<v Speaker 4>but at the request of the companies associated with USMCA,

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<v Speaker 4>the President is giving them an exemption for one month

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<v Speaker 4>so they are not at an economic disadvantage.

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<v Speaker 3>White House spokeswoman Caroline Levitt and Bloomberg's Kaylee Lines reports

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<v Speaker 3>the automaker CEOs brought their concerns directly to the White House.

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<v Speaker 5>The concern here, of course, is that the auto sector

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<v Speaker 5>is very vulnerable in a scenario in which tariffs are

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<v Speaker 5>on our north of and trading partners. According to Bloomberg Economics,

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<v Speaker 5>the US automakers, in particular for some key parts like

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<v Speaker 5>stink belts and airbags. For example, our reliance on the

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<v Speaker 5>imports of those parts, some eighty percent from Canada and

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<v Speaker 5>Mexico specifically, which is why you had the likes of

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<v Speaker 5>Jim Farley saying recently that these kind of tariffs could

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<v Speaker 5>potentially quote blow a hole in the industry.

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<v Speaker 6>Bloomberg's Kaylee Lynes in Washington.

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<v Speaker 3>And then another sign of tariff relief, Agriculture Secretary Brooke

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<v Speaker 3>Rawlins tells Bloomberg the administration is also considering carve outs

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<v Speaker 3>for some farm products from Canada and Mexico, including potash

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<v Speaker 3>and fertilizer.

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<v Speaker 2>Well, Nathan, the president is set to meet with another

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<v Speaker 2>group of business leaders, and we get the details with

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<v Speaker 2>the Bloomberg's Lisa Matteo Lisa, good morning, Good morning Karen.

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<v Speaker 7>And we're talking about those big tech leaders, those behind

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<v Speaker 7>the companies that are facing the possibility of import tariffs

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<v Speaker 7>stricter export rules. Sources telling Bloomberg it includes the CEOs

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<v Speaker 7>of HP, Intel, IBM, Qualcom. HP is actually the only

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<v Speaker 7>tech giant who confirmed that they will meet with the

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<v Speaker 7>administration on Monday to talk about trade policy US manufacturing. Now,

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<v Speaker 7>this all comes as President Trump has called on Congress

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<v Speaker 7>to get rid of the twenty twenty two Chips Act.

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<v Speaker 7>The Administration also looking for some input on its AI

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<v Speaker 7>action plan, and that's to improve America's global AI dominance.

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<v Speaker 7>Lisa Matteo, Bloomberg Radio.

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<v Speaker 6>Lisa, thank you.

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<v Speaker 3>On Capitol Hill, Republican senators have told Elon Musk he

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<v Speaker 3>needs congressional approval for government cost cuts or they could

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<v Speaker 3>be overturned in court.

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<v Speaker 6>We get the latest one that from Bloomberg's Amy Morris.

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<v Speaker 8>In Washington, senators suggested Elon Musk send a package of

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<v Speaker 8>cuts to Congress for approval through a process that requires

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<v Speaker 8>only a simple majority in both chambers. Republican Senator Lindsey Graham,

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<v Speaker 8>I want to fix it.

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<v Speaker 6>Quickly, So what he said, I want to keep the momentum.

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<v Speaker 9>But from a political point of view, we need to

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<v Speaker 9>take the work product of those and put it in

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<v Speaker 9>a recision package.

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<v Speaker 8>Now, Musk met with Republican senators and is set to

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<v Speaker 8>meet with House Republicans, but any effort to formalize the

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<v Speaker 8>cuts will likely come after a March fourteenth government funding

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<v Speaker 8>deadline in Washington.

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<v Speaker 6>More as Bloomberg Radio.

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<v Speaker 2>All right, Amy, thank you. Well. We turned to the

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<v Speaker 2>markets now in a global bond sell off is deepening

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<v Speaker 2>this morning, as traders gauge the impact of geopolitical volatility

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<v Speaker 2>on growth and inflation, we want to get the very latest,

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<v Speaker 2>so the Bloomberg's John Tucker, John, good morning.

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<v Speaker 10>Yeah, and strap in, Karen. This marks what could be

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<v Speaker 10>a paradigm shift in the global market, and the catalyst

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<v Speaker 10>is what's happening in Germany right now. Berlin, they reached

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<v Speaker 10>agreement on a package to try and boost the Arizona's

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<v Speaker 10>largest economy. So that means they have to sell debt,

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<v Speaker 10>lots of it. And as Europe has left to defend

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<v Speaker 10>itself with a shrinking US commitment, they have to spend

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<v Speaker 10>more and more on their military and as a result

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<v Speaker 10>they are for now abandoning fiscal constraints, and this goes

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<v Speaker 10>against the very fabric of the post war German psyche.

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<v Speaker 10>The yield on the ten year German bond the Bund

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<v Speaker 10>higher again this morning, up seven basis points as this

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<v Speaker 10>bond route deepens. This follows the steepest rise in almost

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<v Speaker 10>thirty years now. The surprise from Germany comes as global

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<v Speaker 10>bond markets were already grap with signs of persistent price pressures.

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<v Speaker 10>It's led Japan's ten year barring costs to hit a

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<v Speaker 10>sixteen year high. Right now in the US, the ten

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<v Speaker 10>year the benchmark up two basis points. That is, right

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<v Speaker 10>at four thirty. I'm John Tucker, Bloomberg Radio.

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<v Speaker 6>All right, John, thank you well.

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<v Speaker 3>Former Treasury Secretary Larry Summers is warning that voladile policy

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<v Speaker 3>actions and rhetoric from President Trump proposing the biggest risk

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<v Speaker 3>to dollar dominance in the world economy in a half century.

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<v Speaker 3>Summers spoke with Joe Matthew and Kayley Lines on Bloomberg's

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<v Speaker 3>Balance of Power.

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<v Speaker 11>These tariffs are a self inflicted supply shock wound higher prices,

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<v Speaker 11>less competitiveness because businesses are having to pay more for

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<v Speaker 11>all their inputs, and because they have to pay higher prices,

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<v Speaker 11>less purchasing power for consumers, which means fewer jobs.

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<v Speaker 6>Down the road.

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<v Speaker 3>Former Treasury Secretary Larry Summers also points to the sellof

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<v Speaker 3>in US stocks earlier this week as an illustration of

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<v Speaker 3>investor concern about the direction of US policy.

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<v Speaker 2>Well in Europe, Nathan, EU leaders are holding emergency summit

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<v Speaker 2>talks in Brussels to beef up their own military defenses

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<v Speaker 2>and make sure Ukraine will still be protected. French President

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<v Speaker 2>at Manumau Macron says he'll discuss using his country's nuclear

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<v Speaker 2>capabilities to defend the continent.

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<v Speaker 12>Our nuclear deterrent protects US. It is complete, sovereign and

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<v Speaker 12>French through and through. Since nineteen sixty four, it has

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<v Speaker 12>explicitly played a role in preserving peace and security in Europe.

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<v Speaker 12>But in response to the historic appeal of the future

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<v Speaker 12>German Chancellor, I have decided to open the strategic debate

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<v Speaker 12>on the protection afforded by our deterrent to our allies

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<v Speaker 12>on the European continent.

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<v Speaker 2>French President of Manuel Macron spoke through an interpreter in

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<v Speaker 2>a televised address to the nation and as.

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<v Speaker 3>That summit gets under wayne Brussels, Karen, there is word

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<v Speaker 3>of a new air strike in Ukraine, just hours after

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<v Speaker 3>the US froze. Some intelligence sharing with Kiev. Ukraine says

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<v Speaker 3>a Russian ballistic missile killed four people and wounded dozens

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<v Speaker 3>more in at a hotel in the central city of

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<v Speaker 3>creevy Ria. Ukrainian President Vladimir Zelenski says humanitarian volunteers including

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<v Speaker 3>citizens of Ukraine, the US and the UK had checked

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<v Speaker 3>into that hotel before the strike.

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<v Speaker 2>But now we want to get the latest from the

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<v Speaker 2>Middle East. Nathan President Trump is repeating his warning of

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<v Speaker 2>hell to pay if a master does not release all

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<v Speaker 2>its hostages from Gaza. But while the President is posting

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<v Speaker 2>on social media, he sent his special hostage Envoy at

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<v Speaker 2>the State Department, Adam Bohler, for direct talks with the

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<v Speaker 2>militant group in Doha. Bloomberg's Dan Williams reports the US

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<v Speaker 2>has never had face to face contact till now with Hammas,

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<v Speaker 2>which is which is designated rather as a terrorist organization.

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<v Speaker 13>On the one hand, perhaps he thinks this could work.

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<v Speaker 13>Perhaps he thinks this is a creative way of getting

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<v Speaker 13>Hamas to deliver the hostages, of wrapping up this now

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<v Speaker 13>seventeen month old crisis in war. It could be a

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<v Speaker 13>sign of running out of options. Indeed, holding talks with

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<v Speaker 13>the group in a manner that other administrations may not

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<v Speaker 13>have done would appear on the one hand, creative paths.

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<v Speaker 13>On the other hand, a sign of vexation, of a

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<v Speaker 13>lack of ideas. And I think now we'll have to

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<v Speaker 13>see how Hamas response.

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<v Speaker 2>And Bloombergy Dan Williams reporting from Jerusalem. The White House

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<v Speaker 2>says Israel was consulted on the talks.

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<v Speaker 6>Time now for a.

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<v Speaker 2>Look at some of the other stories making news in

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<v Speaker 2>New York and around the world. And for that we're

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<v Speaker 2>joined by Bloomberg's Michael Barr Michael good Morning.

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<v Speaker 9>Good Morning Caeron New York City Mayor Eric Adams was

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<v Speaker 9>grilled by lawmakers on Capitol Hill on sanctuary cities. Adams

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<v Speaker 9>was joined by a fellow Democratic mayors from three other

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<v Speaker 9>sanctuary cities, Boston's Michelle wou Chicago's Brandon Johnson, and Denver's

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<v Speaker 9>Mike Johnston. Houseover Side Committee Chairman James Comer, a Kentucky Republican,

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<v Speaker 9>says that the cities only create sanctuaries for criminals. We

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<v Speaker 9>cannot let pro criminal alien policies and obstructionist sanctuary cities

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<v Speaker 9>continue to endanger American communities. Adams also defended himself following

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<v Speaker 9>the dropping of his federal charges from the Trump Justice Department.

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<v Speaker 9>I think I was extremely clear, no qui pro quo,

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<v Speaker 9>no agreement.

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<v Speaker 6>I did nothing wrong but serve the people of New

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<v Speaker 6>York City.

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<v Speaker 9>Meanwhile, a new Quinnipiac poll has found Mayor Eric adams

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<v Speaker 9>approval rating has dropped to an all time low. It

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<v Speaker 9>shows that only twenty percent of New York registered voters

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<v Speaker 9>give Adams a positive rating, and the same poll shows

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<v Speaker 9>former New York Governor Andrew Cuomo leading the field of

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<v Speaker 9>mayoral candidates. Cuomo leads with thirty one percent, while Adams

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<v Speaker 9>is second with just eleven percent. There's were there could

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<v Speaker 9>be a new candidate running from mayor of New York City.

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<v Speaker 9>According to several reports, New York City Council Speaker Adrian

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<v Speaker 9>Adams will announce her candidacy for mayor in the next

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<v Speaker 9>few days. Dozens of pro Palestinian protesters at Barnard College

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<v Speaker 9>in New York City today. Demonstrators entered the school's library

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<v Speaker 9>in Upper Manhattan calling for the reversal of the expulsion

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<v Speaker 9>of three students for distributing flyers inside of Columbia University lecture.

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<v Speaker 9>Tensions boiled over as police drove out and encampment of

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<v Speaker 9>protesters after a bomb threat was called in at the

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<v Speaker 9>library of the occupied At least nine protesters were arrested.

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<v Speaker 9>It comes as President Trump said he wants to cut

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<v Speaker 9>the federal funding of colleges that allow what he called

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<v Speaker 9>illegal protests. Global News twenty four hours a day and

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<v Speaker 9>whenever you want it with Bloomberg News Now, Michael Barr,

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<v Speaker 9>this is Bloomberg Karen.

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<v Speaker 2>Sorry, Michael Barr, thank you. Time now for the Bloombergy

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<v Speaker 2>sports update, brought to you by Tri State OUDI. Here's

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<v Speaker 2>John Stashauer. John, Good morning, Goo morning, Karen.

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<v Speaker 1>Rangers and Capitals at the Garden. Chance to see the

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<v Speaker 1>team with the best record in the East and the

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<v Speaker 1>guy who's on the verge of becoming the greatest goalscorer

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<v Speaker 1>in NHL history. And sure enough, midway through the third

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<v Speaker 1>period of the Rangers ahead two to one, Alex Sovechkin

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<v Speaker 1>scored on the power play number eight eighty five as

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<v Speaker 1>he chases winged Vsky. He's now nine from tying number

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<v Speaker 1>ninety nine.

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<v Speaker 6>The game went to overtime and.

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<v Speaker 1>Bringing to the Silicia chas Time, Paulson and over Time.

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<v Speaker 6>Took two on one for Washington. Wilson and strolled strolled

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<v Speaker 6>well pick Wait Wilson, Scots.

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<v Speaker 14>Tom Wilson the overtime Wells lossing.

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<v Speaker 6>Tick con TNT.

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<v Speaker 1>The Caps won three to two and Elsie If the

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<v Speaker 1>Rangers making another trade before tomorrow's deadline, the rumor mill

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<v Speaker 1>has the Islanders looking to deal Brock Nelson and or

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<v Speaker 1>Kyle Palmery for the Devils. The worst fears concerning jack Us'

0:10:36.080 --> 0:10:39.640
<v Speaker 1>shoulder injury, realize he's already had season ending surgery. The

0:10:39.679 --> 0:10:42.520
<v Speaker 1>twenty three year old use his new jersey's top score

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<v Speaker 1>Nick start a five game road trip tonight against the

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<v Speaker 1>Lakers and the lebron James Luca Donzich combo. Lakers have

0:10:48.280 --> 0:10:51.520
<v Speaker 1>won seventeen to their last twenty. Golden stayed off the

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<v Speaker 1>win over the next tonight, taking on the nets in Brooklyn.

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<v Speaker 1>Last night in Boston, Celtics beat Portland. Peyton Pritchard scored

0:10:57.760 --> 0:11:01.280
<v Speaker 1>forty three points and Derek White scored four. First time

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<v Speaker 1>in Celtics history two players scored forty or more same game.

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<v Speaker 1>NFL free agency kicks off next week, plenty of news

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<v Speaker 1>ahead of it. The La Chargers have released five time

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<v Speaker 1>Pro Bowl edge rusher Joey Bosa. Seattle release whiteout Tyler Lockout. Lockett,

0:11:16.679 --> 0:11:18.440
<v Speaker 1>who had been with the Seahawks for a decade. Another

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<v Speaker 1>Seattle whiteout, dk Metcalp wants to be traded. The Raiders

0:11:22.320 --> 0:11:26.040
<v Speaker 1>release quarterback Gardner Minshew and Las Vegas game Max Crosby

0:11:26.480 --> 0:11:29.480
<v Speaker 1>a huge extension. Crosby is now the highest paid non

0:11:29.600 --> 0:11:31.400
<v Speaker 1>quarterback in NFL history.

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<v Speaker 6>John Stashaw, We're Bloomberg Sports Kender Nathan.

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<v Speaker 1>Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

0:11:40.679 --> 0:11:43.520
<v Speaker 1>and around the world on Bloomberg dot Com and the

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<v Speaker 1>Bloomberg Business app.

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<v Speaker 6>This is Bloomberg Daybreak. Good morning, I'm Nathan Hager.

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<v Speaker 3>President Trump admitted his tariffs could cause a little disturbance

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<v Speaker 3>during his address to Congress this week, and now he

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<v Speaker 3>may be offering a little relief, a one month exemption

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<v Speaker 3>from auto tariffs for Canada and Mexico and a potential

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<v Speaker 3>carve out for some agriculture as well. White House Press

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<v Speaker 3>Secretary Caroline Levitt, though says this does not mean the

0:12:04.559 --> 0:12:06.240
<v Speaker 3>President is losing focus.

0:12:06.600 --> 0:12:10.280
<v Speaker 4>The President told the truth, and he was realistic, and

0:12:10.360 --> 0:12:13.640
<v Speaker 4>he levels that with the American people, and I think, frankly,

0:12:13.760 --> 0:12:15.000
<v Speaker 4>it's very refreshing.

0:12:15.200 --> 0:12:18.199
<v Speaker 3>Pre Secretary Caroline Levit speaking from the White House this morning.

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<v Speaker 3>We were joined by Terry Haynes, the founder of Pangaeopolicy,

0:12:21.360 --> 0:12:24.360
<v Speaker 3>and Terry, are these poll backs that we're starting to

0:12:24.400 --> 0:12:27.440
<v Speaker 3>see in the tariff assigned that President Trump is feeling

0:12:27.480 --> 0:12:28.359
<v Speaker 3>a little disturbance.

0:12:28.440 --> 0:12:32.120
<v Speaker 14>Now, good morning, Good morning, Nathan. You know I'm feeling

0:12:32.200 --> 0:12:37.680
<v Speaker 14>refreshed as the press Secretary said no, I think you know,

0:12:37.760 --> 0:12:39.720
<v Speaker 14>I think it's a mistake for markets to think that

0:12:39.800 --> 0:12:42.960
<v Speaker 14>Trump might link on tariffs. If he adjusts these things,

0:12:43.200 --> 0:12:45.840
<v Speaker 14>the pattern is going to be. You know, what we've

0:12:45.880 --> 0:12:48.800
<v Speaker 14>already seen is going to be an imposition of the

0:12:48.800 --> 0:12:52.040
<v Speaker 14>tariffs and then a fine tuning of them. That is

0:12:52.080 --> 0:12:54.960
<v Speaker 14>not That is not a signal the tariffs are going

0:12:55.000 --> 0:12:57.680
<v Speaker 14>to happen and then they're going to go away. That's

0:12:57.720 --> 0:13:01.960
<v Speaker 14>an adjustment. And I know full markets are discomfited by

0:13:02.000 --> 0:13:05.520
<v Speaker 14>that because they don't know what's coming next. And that's

0:13:05.559 --> 0:13:08.079
<v Speaker 14>fair enough. But you know that that's going to be

0:13:08.120 --> 0:13:09.120
<v Speaker 14>the policy going forward.

0:13:09.160 --> 0:13:11.439
<v Speaker 3>I think, well, are you thinking, then, Terry, that there

0:13:11.480 --> 0:13:14.360
<v Speaker 3>could be adjustment to the reciprocal tariffs that the President

0:13:14.400 --> 0:13:17.240
<v Speaker 3>has talked about The Commerce Secretary Howard Ludnik is saying

0:13:17.280 --> 0:13:19.160
<v Speaker 3>are going to be taking effect April second.

0:13:20.120 --> 0:13:24.640
<v Speaker 14>I think some adjustment, Yes, the basic principle I think,

0:13:25.120 --> 0:13:29.720
<v Speaker 14>I think stands. Remember that what they have the reciprocal

0:13:29.720 --> 0:13:33.560
<v Speaker 14>tariff's purpose, I think is broadly speaking, is different than

0:13:34.080 --> 0:13:38.360
<v Speaker 14>the individuals, let's say on Canada and Mexico. Those are

0:13:39.160 --> 0:13:42.920
<v Speaker 14>explicitly about what I call geopolitical matters. In the case

0:13:42.960 --> 0:13:46.559
<v Speaker 14>of Canada and Mexico. It's about the border. It's about drugs,

0:13:46.640 --> 0:13:50.760
<v Speaker 14>fentanyl the like. The reciprocal tariffs are all about the

0:13:50.880 --> 0:13:55.679
<v Speaker 14>idea that other countries are tariffing us, so therefore we're

0:13:55.720 --> 0:13:59.640
<v Speaker 14>going to tariff them similarly. And and the bid, I

0:13:59.720 --> 0:14:02.200
<v Speaker 14>think is unspoken. The bid is to, you know, basically,

0:14:02.240 --> 0:14:04.880
<v Speaker 14>have those tariffs go away. The idea is to produce

0:14:04.920 --> 0:14:06.720
<v Speaker 14>freeer trade in the end, which you haven't heard a

0:14:06.720 --> 0:14:09.920
<v Speaker 14>lot about yet, but I think you will. But that's

0:14:09.960 --> 0:14:13.480
<v Speaker 14>all based on explicitly on the trade policy of others.

0:14:14.120 --> 0:14:18.360
<v Speaker 14>And UH and Sectuary besn't likes to call this the

0:14:18.720 --> 0:14:22.920
<v Speaker 14>next steps kind of UH data dependent, you know, dependent

0:14:23.000 --> 0:14:26.480
<v Speaker 14>on what's what those tariffs actually are. That's what the

0:14:26.520 --> 0:14:28.320
<v Speaker 14>administration is studying right now.

0:14:28.600 --> 0:14:32.120
<v Speaker 3>Well, if these if this really is about immigration and

0:14:32.240 --> 0:14:35.280
<v Speaker 3>drug flows over the borders, terry, why delay these for

0:14:35.520 --> 0:14:39.600
<v Speaker 3>a month? I mean, can automakers really source more operations

0:14:39.640 --> 0:14:41.440
<v Speaker 3>in the US within a month?

0:14:42.240 --> 0:14:42.320
<v Speaker 11>No?

0:14:42.520 --> 0:14:44.320
<v Speaker 14>If some of this has been leaked, and some of

0:14:44.360 --> 0:14:46.480
<v Speaker 14>it some of it's been leaked, some of it's been

0:14:46.520 --> 0:14:51.280
<v Speaker 14>stated explicitly, particularly by Commerce Secretary Lutnik. Uh, the idea

0:14:51.480 --> 0:14:55.400
<v Speaker 14>is they're they're going to certainly understand that the automakers

0:14:56.000 --> 0:14:59.600
<v Speaker 14>have the ability or need the ability to continue to

0:14:59.680 --> 0:15:03.120
<v Speaker 14>source the way they're sourcing. So there's that there's no

0:15:03.200 --> 0:15:06.000
<v Speaker 14>illusion that the automakers are going to be able to

0:15:06.040 --> 0:15:11.160
<v Speaker 14>produce more domestically, but they're providing a reprieve anyway in

0:15:11.200 --> 0:15:16.000
<v Speaker 14>the hopes that more negotiations on the basic geopolitical issues

0:15:16.040 --> 0:15:20.320
<v Speaker 14>continue to exist. But beyond that, and the other thing

0:15:20.360 --> 0:15:25.160
<v Speaker 14>that's been leaked or teased is that USMCA, the deal

0:15:25.240 --> 0:15:28.800
<v Speaker 14>between the United States, Canada and Mexico, should pick up

0:15:28.800 --> 0:15:31.640
<v Speaker 14>a lot of this stuff. So what I anticipate is

0:15:31.720 --> 0:15:36.960
<v Speaker 14>that you'll probably see an early triggering of a renegotiation

0:15:37.600 --> 0:15:39.240
<v Speaker 14>more broadly on us mc A.

0:15:39.360 --> 0:15:42.080
<v Speaker 3>Basis just thirty seconds left, Terry, do you think we'll

0:15:42.080 --> 0:15:44.640
<v Speaker 3>see carve outs for tech when those leaders meet at

0:15:44.640 --> 0:15:45.640
<v Speaker 3>the White House next week?

0:15:46.480 --> 0:15:49.880
<v Speaker 14>You know that wouldn't surprise me at all. The administration

0:15:50.120 --> 0:15:53.440
<v Speaker 14>right now, I think is somewhat underpowered when it comes

0:15:53.480 --> 0:15:59.160
<v Speaker 14>to having bobbins around who understand this stuff instinctively. And

0:15:59.400 --> 0:16:03.280
<v Speaker 14>you know that's the lard the largely of the byproduct

0:16:03.280 --> 0:16:05.920
<v Speaker 14>of being in the beginning of an administration. So the

0:16:06.800 --> 0:16:08.560
<v Speaker 14>tech folks are going to be able to come in

0:16:09.000 --> 0:16:11.720
<v Speaker 14>and actually make their case directly and provide a lot

0:16:11.760 --> 0:16:14.040
<v Speaker 14>of useful insight that the White House I think doesn't have.

0:16:14.160 --> 0:16:17.400
<v Speaker 2>Right now, this is Bloomberg Daybreak, your morning podcast on

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<v Speaker 6>I'm Moscow and I'm Nathan Hager.

0:17:02.040 --> 0:17:04.080
<v Speaker 3>Join us again tomorrow morning for all the news you

0:17:04.119 --> 0:17:06.879
<v Speaker 3>need to start your day right here on Bloomberg Daybreak