WEBVTT - Scalise Nomination, China Focus at IMF Meetings 0:00:02.400 --> 0:00:03.000 Good morning. 0:00:03.120 --> 0:00:05.880 I'm Brian Curtis and I'm Doug Prisner. Here are the 0:00:05.920 --> 0:00:07.320 stories we're following today. 0:00:09.600 --> 0:00:12.799 We'll be getting more on the US House speakership maneuverings 0:00:13.080 --> 0:00:16.400 and also the Israel Hamas war all throughout the program. 0:00:16.680 --> 0:00:18.200 Now it's time for Global News. 0:00:19.360 --> 0:00:22.400 US House of Representatives will not be voting on a 0:00:22.480 --> 0:00:26.040 speaker today, as some had hoped would be the case. 0:00:26.360 --> 0:00:28.760 At Baxter is covering this story as well as the 0:00:28.840 --> 0:00:31.520 latest on Israel and the Gaza strip head. 0:00:31.920 --> 0:00:34.600 Yes, some would hope, but not really expected. Brian. The 0:00:34.640 --> 0:00:38.520 House's closed session, although the negotiations go on behind closed doors. 0:00:38.880 --> 0:00:41.720 Steve Scalise has been nominated by the caucus as a whole, 0:00:41.760 --> 0:00:45.000 and Jim Jordan says he supports that, but Bloomberg's Laura 0:00:45.120 --> 0:00:47.720 Davison says, there is a long way to go. 0:00:47.880 --> 0:00:50.080 This is really a replay of what we saw happen 0:00:50.200 --> 0:00:53.400 in January. The Republicans coming out of various meetings today 0:00:53.880 --> 0:00:55.840 so that there are about twenty people who are not 0:00:55.920 --> 0:00:58.880 behind Scalise. If you'll remember, that was basically where vote 0:00:58.920 --> 0:01:01.920 number one started with McCarthy. You hit about twenty people 0:01:02.000 --> 0:01:05.280 voting against him on the Republican side. This is where 0:01:05.319 --> 0:01:07.680 all the negotiations happen, and a lot of Republicans going 0:01:07.720 --> 0:01:09.319 into the said, look, we want to learn from our 0:01:09.319 --> 0:01:10.880 mistakes from last time. We don't want to have these 0:01:10.959 --> 0:01:13.440 fights in public. We want to change the rules to 0:01:13.560 --> 0:01:16.720 prevent any one person being able to oust a speaker 0:01:17.040 --> 0:01:19.240 at any time. None of that has happened. 0:01:19.360 --> 0:01:21.800 Yeah, but that's not happened. Right, there's a group of 0:01:21.840 --> 0:01:25.280 twenty holding things up now. Meanwhile, Scalise says there's a 0:01:25.319 --> 0:01:26.440 lot of work to be done. 0:01:26.520 --> 0:01:29.520 The conversations we've been having with my colleagues over the 0:01:29.560 --> 0:01:32.960 last few days leading up to this show that there's 0:01:32.959 --> 0:01:35.680 a result that we need to get back to work. 0:01:36.000 --> 0:01:37.440 There's a lot of business to take. 0:01:37.280 --> 0:01:39.240 Care of and focus on the Middle East. 0:01:39.440 --> 0:01:43.520 Our first resolution that we pass under Speaker Steve Scalise 0:01:43.560 --> 0:01:46.480 will be to make it clear that we stand with Israel. 0:01:46.800 --> 0:01:50.480 The McCall meeks resolution will be our first order of business. 0:01:50.600 --> 0:01:53.040 Yeah, but again, nobody knows how long that's going to take. 0:01:53.640 --> 0:01:57.640 Israel meanwhile, forming an emergency coalition government today bloomber' skalaid 0:01:57.720 --> 0:01:59.520 Allstein in Tel Aviv. 0:02:00.080 --> 0:02:04.360 This is in fact a new party. Benny Ganz's party 0:02:04.600 --> 0:02:09.160 just joined the forces with Nan Nathaniel's government's former government 0:02:09.160 --> 0:02:11.360 to days in effect. But what we're seeing now is 0:02:11.840 --> 0:02:16.519 Gans's party join in basically to form a very narrow 0:02:17.120 --> 0:02:22.520 war managing cabinet. They will be leading any operations the war. 0:02:22.919 --> 0:02:25.800 You can say that we'll be moving on from moving 0:02:25.840 --> 0:02:26.720 forward from now on. 0:02:27.000 --> 0:02:29.560 Yeah. Galate saying life is not normal at all in Israel, 0:02:29.720 --> 0:02:32.240 that many people have just hunkered down, not going to work, 0:02:32.360 --> 0:02:35.840 kids not going to school. Also where today that Israeli 0:02:35.919 --> 0:02:38.440 bombing on the Gaza has knocked out most power to 0:02:38.600 --> 0:02:41.720 the strip. US President Joe Biden stopped to talk with 0:02:41.800 --> 0:02:44.240 a group of Jewish leaders in Washington, d C. 0:02:44.400 --> 0:02:48.680 Today, I would argue, said deadliest day for Jews since 0:02:48.720 --> 0:02:50.080 the Holocaust. 0:02:50.280 --> 0:02:53.360 And he says silence his complicity, he will not. He says, 0:02:53.400 --> 0:02:53.960 be silence. 0:02:53.960 --> 0:03:01.440 This attack was a campaign of pure cruelty. I just 0:03:01.720 --> 0:03:06.200 hate cruelty against the Jewish people. 0:03:06.080 --> 0:03:09.360 And says without Israel, Jewish people everywhere are in danger, 0:03:09.440 --> 0:03:13.080 says the US and Israel doing everything possible to get 0:03:13.120 --> 0:03:16.600 the US hostages home. The President says a second carrier 0:03:16.639 --> 0:03:19.600 group is headed to the eastern Mediterranean and has a 0:03:19.680 --> 0:03:21.760 warning for Iran when we moved. 0:03:21.520 --> 0:03:24.520 The US carrier fleet to the Eastern Mediterranean and are 0:03:24.560 --> 0:03:28.040 sending more fighter chitch there in that region, and made 0:03:28.080 --> 0:03:34.320 it clear, made it clear to the Iranians be careful. 0:03:35.160 --> 0:03:38.000 At one point, Biden pounded the podium, saying the globe 0:03:38.000 --> 0:03:40.960 cannot allow this kind of action to go on Global 0:03:41.000 --> 0:03:43.600 News powered by more than twenty seven hundred journalists and 0:03:43.640 --> 0:03:47.040 analysts in over one hundred twenty countries in San Francisco, 0:03:47.120 --> 0:03:49.560 I'm at Baxter in This is Bloomberg. 0:03:49.320 --> 0:03:51.800 Now onto some of our other top stories of the day. 0:03:52.080 --> 0:03:55.680 Minutes from the FED September meetings show that policymakers agreed 0:03:55.760 --> 0:04:01.080 last month that monetary policy should remain restrictive for some time. 0:04:01.640 --> 0:04:04.960 They also noted that the risks of overtightening had to 0:04:05.000 --> 0:04:08.040 be balanced against the idea of keeping inflation on a 0:04:08.080 --> 0:04:11.680 downward path toward two percent. Markets are now eyeing tomorrow's 0:04:11.680 --> 0:04:14.520 inflation report for clues on the Fed's. 0:04:14.320 --> 0:04:17.359 Rate hiking path. Bloomberg's Michael McKee with a preview. 0:04:17.800 --> 0:04:21.400 Wednesday's unexpected rise in the September producer price index hasn't 0:04:21.480 --> 0:04:25.160 changed forecasts for consumer prices. Analysts still see the index 0:04:25.279 --> 0:04:28.039 up at only half the pace of August, as gasoline 0:04:28.040 --> 0:04:31.240 prices remained relatively steady during the month even as oil 0:04:31.279 --> 0:04:34.599 prices rose, and while goods prices rose faster than services. 0:04:34.600 --> 0:04:37.880 In the PPI, investors and FED officials will focus on 0:04:38.080 --> 0:04:42.560 CPI services services minus housing costs have contributed much of 0:04:42.600 --> 0:04:45.760 the inflation pressure over the past year, and the expectation 0:04:46.000 --> 0:04:49.359 is that should continue to ease over the past two weeks. 0:04:49.400 --> 0:04:52.440 A number of policymakers have suggested they're inclined not to 0:04:52.560 --> 0:04:56.560 raise rates November first, and expected CPI could ratify that, 0:04:56.960 --> 0:04:59.800 while at upside surprise may push market rates up in 0:04:59.839 --> 0:05:03.360 a expectation those FED officials will change their minds. Michael 0:05:03.440 --> 0:05:04.839 McKee Bloomberg Radio. 0:05:04.640 --> 0:05:07.719 Onto the trial of Sam Bankman Free today. His former 0:05:07.760 --> 0:05:11.359 business partner and former girlfriend, Caroline Ellison, was on the 0:05:11.360 --> 0:05:14.200 stand for a second day. She told the jury Bankment 0:05:14.279 --> 0:05:18.280 Freed directed her to orchestrate a massive fraud at FTX 0:05:18.640 --> 0:05:22.159 and its related hedge fund Alimeter Research. Tomorrow, that is 0:05:22.240 --> 0:05:25.280 Thursday here in New York. Ellison will be cross examined 0:05:25.320 --> 0:05:29.160 by Bankman Freed's lawyers. Bloomberg's Angela Moon tells us how 0:05:29.200 --> 0:05:32.480 the defense will try to refute Ellison's testimony. 0:05:32.880 --> 0:05:37.200 Basically, their strategy has all been all along that Sam 0:05:37.240 --> 0:05:41.480 Bankmint Freed was unable to if he committed crime. He 0:05:41.520 --> 0:05:44.280 wasn't able to do this alone, right, He had his 0:05:44.360 --> 0:05:49.080 inner circle, He had advisers who were advising him, and 0:05:49.279 --> 0:05:52.520 they specifically mentioned that she was put in this role 0:05:52.720 --> 0:05:55.440 so that she could hedge the customer's money, so that 0:05:55.760 --> 0:05:59.000 when things got bad, that she was basically the one 0:05:59.000 --> 0:06:01.040 that he was going to really rely on to get 0:06:01.040 --> 0:06:03.880 them out of trouble. They're going to be very vocal 0:06:03.920 --> 0:06:06.520 about the fact that she did not do her job well. 0:06:06.920 --> 0:06:09.720 And part of the reason why the SPF empire fell 0:06:09.880 --> 0:06:13.080 was because they had an incompetent CEO, that is. 0:06:13.080 --> 0:06:17.080 Bloomberg's Angela Moon. Now Bankman Freed has admitted he did 0:06:17.120 --> 0:06:21.120 make several mistakes, but he has denied intentionally defrauding anyone. 0:06:21.200 --> 0:06:24.960 Bran Well onto some corporate news. Shares of German footwear 0:06:25.000 --> 0:06:28.640 maker Birkenstock dropped twelve point six percent today in its 0:06:28.680 --> 0:06:31.480 debut and more from Bloomberg's Charlie Pellett. 0:06:31.760 --> 0:06:35.160 According to data compiled by Bloomberg, the German sandal maker's 0:06:35.240 --> 0:06:38.240 debut was the worst opening for a listing of one 0:06:38.360 --> 0:06:42.040 billion dollars or more in New York in over two years. 0:06:42.560 --> 0:06:45.919 The data show, out of more than three hundred usipos 0:06:45.920 --> 0:06:49.280 of that size in the past century, only nine have 0:06:49.520 --> 0:06:53.240 fared worse, the last being app Love and Corp, which 0:06:53.279 --> 0:06:56.080 opened twelve and a half percent below its IPO price 0:06:56.120 --> 0:06:59.719 in April of twenty twenty one in New York. Charlie 0:06:59.720 --> 0:07:01.360 Pellet Bloomberg Radio. 0:07:01.240 --> 0:07:03.719 The head of the French Central Bank, says that China 0:07:03.800 --> 0:07:06.960 must play by global rules if it wants to get 0:07:07.000 --> 0:07:09.920 more sway at the IMF. Here is Bloomberg's von Man 0:07:09.920 --> 0:07:10.640 from Hong Kong. 0:07:11.080 --> 0:07:14.720 Central Bank Chief Francois Villoi de Galjo said a revision 0:07:14.800 --> 0:07:18.480 of the voting shares including China, will be inevitable, but 0:07:18.560 --> 0:07:21.840 he said those countries must play by the rules. Villoy 0:07:21.960 --> 0:07:24.760 also said a future shakeup at the IMF could be 0:07:24.800 --> 0:07:29.080 an opportunity to create European groupings behind board seats. It 0:07:29.080 --> 0:07:32.080 can also change majority voting rules to soften the veto 0:07:32.160 --> 0:07:35.960 power of some countries. Vilori's comments are in contrast with 0:07:36.000 --> 0:07:38.960 a position taken by the US. The US has been 0:07:38.960 --> 0:07:42.880 calling for an equiproportional increase of quotas that would boost 0:07:42.920 --> 0:07:48.000 contributions to the fund without reallocating voting shares in Hong Kong, 0:07:48.040 --> 0:07:49.800 i'm Von Mann Bloomberg Radio. 0:07:49.960 --> 0:07:53.560 Separately, US Treasury Secretary Janet Yellen is planning to meet 0:07:53.640 --> 0:07:56.920 this week with China's Central Bank governor Penggong Sheen. That 0:07:56.960 --> 0:07:59.440 will happen in Morocco, and she is hoping to make 0:07:59.520 --> 0:08:04.120 some progress on the debt relief talks that include China. 0:08:04.720 --> 0:08:07.600 And perhaps bearing out what Yvon was just reporting on 0:08:07.680 --> 0:08:11.440 Doug China has reached a tentative debt agreement with Sri Lanka, 0:08:11.760 --> 0:08:13.560 ruffling feathers at the IMF. 0:08:13.800 --> 0:08:16.280 Bloomberg's Bonnie al with that story from Hong Kong. 0:08:16.800 --> 0:08:19.680 The IMF was caught off guard by China front running 0:08:19.680 --> 0:08:23.440 IMF negotiations with Sri Lanka by striking this deal. The 0:08:23.480 --> 0:08:26.560 IMF and various Paris Club members had been expected to 0:08:26.600 --> 0:08:29.640 hold talks on a deal this week. China's Foreign Ministry 0:08:29.720 --> 0:08:32.360 said the deal between the Export Import Bank of China 0:08:32.640 --> 0:08:35.240 and Sri Lanka was reached late last month, but it 0:08:35.320 --> 0:08:38.680 only emerged this week as a result. SOSA say an 0:08:38.679 --> 0:08:42.359 announcement on the IMF Paris Club deal now looks unlikely. 0:08:42.800 --> 0:08:46.199 In Hong Kong, I'm Bonnie Al Bloomberg Radio and. 0:08:46.240 --> 0:08:48.560 Joining us now to discuss the latest on the House 0:08:48.720 --> 0:08:52.600 Speakership vote is Joe Matthew, host of Bloomberg Sound On, 0:08:53.440 --> 0:08:56.160 and So I guess there were a few surprising moves today. 0:08:56.160 --> 0:08:57.960 What caught you most off guard, Joe? 0:08:58.480 --> 0:09:01.280 The fact that we got a nominee for starters the 0:09:01.320 --> 0:09:03.160 whole day was kind of a surprise, to be honest 0:09:03.160 --> 0:09:05.360 with you. We woke up this morning with the idea 0:09:05.480 --> 0:09:08.439 that this would go on for days, if not weeks, 0:09:08.480 --> 0:09:11.800 before anything ever came to the floor, because Republicans wanted 0:09:11.840 --> 0:09:15.040 to settle on a nominee to avoid the embarrassment of 0:09:15.040 --> 0:09:18.440 what we saw last January fifteen rounds that it took 0:09:18.480 --> 0:09:22.160 for Kevin McCarthy. But there was a very interesting turn. 0:09:22.280 --> 0:09:24.840 There was an effort to actually raise the threshold for 0:09:24.880 --> 0:09:28.600 that nomination to mirror the majority that would be required 0:09:28.640 --> 0:09:32.360 on the floor. That failed, in large part because Steve 0:09:32.480 --> 0:09:35.319 Scalise mobilized the troops to vote against it, and that 0:09:35.800 --> 0:09:37.800 gave him the opportunity to close the deal. 0:09:37.840 --> 0:09:40.080 Today. The question is how long. 0:09:39.960 --> 0:09:42.240 Will it take for him to actually get the votes 0:09:42.280 --> 0:09:44.760 needed to win the speakership, because it appears they still 0:09:44.760 --> 0:09:47.400 will not go to the floor until then, or will 0:09:47.480 --> 0:09:50.520 they Either way, there's a lot of confusion and chaos 0:09:50.520 --> 0:09:51.720 still around this whole story. 0:09:51.840 --> 0:09:53.880 So Joe, where does that leave us when it comes 0:09:53.960 --> 0:09:57.959 to aid not only for Ukraine but Israel as well. 0:09:58.040 --> 0:10:00.079 Well, that's a great question, because nothing can happen, and 0:10:00.160 --> 0:10:03.360 until there is a speaker they're talking about it. I 0:10:03.400 --> 0:10:06.120 spoke with Michael McCall earlier today, who chairs the House 0:10:06.120 --> 0:10:08.760 Foreign Affairs Committee and is close to leadership. 0:10:08.800 --> 0:10:10.760 He voted for Steve Scalise and. 0:10:11.200 --> 0:10:14.640 Has already has a promise from the Speaker in waiting, 0:10:14.679 --> 0:10:18.160 assuming that Scalice gets the gavel, that the first order 0:10:18.200 --> 0:10:21.720 of business will be to bring McCall's resolution on Israel 0:10:21.760 --> 0:10:24.680 to the floor. That would condemn the attack and express 0:10:24.760 --> 0:10:28.560 support for Israel and set the stage for a supplemental 0:10:28.559 --> 0:10:31.120 funding request. But Doug, it's important here. We're talking now 0:10:31.160 --> 0:10:36.160 about combining funding for Israel, funding for Ukraine, funding for Taiwan, 0:10:36.679 --> 0:10:40.680 and for border security all in a single bill. There's 0:10:41.000 --> 0:10:43.920 strategy essentially to dare people to vote no against. 0:10:43.679 --> 0:10:44.280 Any of them. 0:10:44.559 --> 0:10:47.199 Yeah, exactly, because of the urgency that I was about 0:10:47.200 --> 0:10:50.800 to mention. We also heard from Israel's Prime minister and 0:10:50.840 --> 0:10:54.640 the Defense minister today about wiping out Hamas. And in 0:10:54.679 --> 0:10:57.720 addition to that, you had these air raid sirens sounding 0:10:57.720 --> 0:11:00.680 in northern Israel. That raises a specter of his Blah 0:11:00.720 --> 0:11:03.959 getting much more involved in this. I'm curious so because 0:11:04.000 --> 0:11:06.480 I know this will have come up in the shows 0:11:06.480 --> 0:11:09.760 that you've done and from talking to guests today, what 0:11:09.880 --> 0:11:11.760 might have raised some hairs on the back of your neck. 0:11:12.080 --> 0:11:14.680 Well, that's the great worry right now. This is what's 0:11:14.760 --> 0:11:17.240 keeping people up at night, that if this breaks out 0:11:17.320 --> 0:11:19.520 to the north, it's going to change the game. And 0:11:19.559 --> 0:11:21.360 it's partly why we now have not one, but two 0:11:21.400 --> 0:11:25.680 aircraft carrier groups that are steaming toward the eastern Mediterranean 0:11:26.040 --> 0:11:28.640 as a deterrent to keep Iran out of this, to 0:11:28.720 --> 0:11:32.040 keep Hezbollah out of this. But look, you hear sirens 0:11:32.080 --> 0:11:34.520 like that today and you immediately think that something's going 0:11:34.559 --> 0:11:35.000 on here. 0:11:35.360 --> 0:11:37.160 The Israelis did go out. 0:11:37.000 --> 0:11:39.600 Of their way to say that that was not what 0:11:39.760 --> 0:11:43.640 first was thought, that there was no incursion into Israeli airspace. 0:11:44.360 --> 0:11:48.200 But you know, look, this is an extremely delicate moment. 0:11:48.280 --> 0:11:50.120 Right now, and if we do see things break out 0:11:50.120 --> 0:11:52.240 to the north, it's going to be a military problem, 0:11:52.320 --> 0:11:53.839 it's going to be a problem for the oil market, 0:11:53.840 --> 0:11:56.559 and it's going to change the conversation in Washington most definitely. 0:11:56.679 --> 0:11:59.640 And Treasury Secretary Yellen was saying that her department is 0:11:59.679 --> 0:12:02.720 going to continue to review sanctions on not only Iran, 0:12:03.240 --> 0:12:07.280 Hamas and hezbalah Is. Within Congress, are there calls for 0:12:07.360 --> 0:12:08.600 tougher sanctions right now? 0:12:09.200 --> 0:12:11.760 Sanctions have been less a part of the conversation, although 0:12:11.800 --> 0:12:14.120 we are hearing about it. I think there's a drive 0:12:14.160 --> 0:12:17.840 to start enforcing the sanctions that are in place, whether 0:12:17.840 --> 0:12:20.000 you're talking about Iran or Russia for that matter, But 0:12:20.040 --> 0:12:22.480 there seems to be just a general sort of I 0:12:22.480 --> 0:12:25.240 don't know if I should use the word realization, because 0:12:25.240 --> 0:12:27.600 not everybody agrees on this, but there's a thought that 0:12:27.679 --> 0:12:31.080 sanctions just have not been working and that there needs 0:12:31.120 --> 0:12:34.160 to be a different approach. If not stronger enforcement, then 0:12:34.240 --> 0:12:37.319 maybe we should be talking secondary sanctions or something beyond that. 0:12:37.720 --> 0:12:40.320 But we can't even get a resolution passed in the 0:12:40.320 --> 0:12:42.120 House right now, and we'll take things one step at 0:12:42.160 --> 0:12:42.800 a time. 0:12:43.600 --> 0:12:45.520 You know, Joe, I'm just curious if we go back 0:12:45.520 --> 0:12:49.880 to the speakership vote again, how involve the Democrats are 0:12:49.960 --> 0:12:53.000 sort of feeling they must get here in order to. 0:12:54.640 --> 0:12:55.920 Press the vote and press the action. 0:12:56.240 --> 0:12:58.719 Well, look, they'll tell you that they're prepared to. 0:12:58.679 --> 0:13:01.080 Vote for a man named how Kim Jeffries, and that 0:13:01.160 --> 0:13:02.880 Democrats are not going to go out of their way 0:13:02.920 --> 0:13:05.160 to help Republicans figure this out because they do see 0:13:05.160 --> 0:13:08.120 a long game here that brings us to an election 0:13:08.200 --> 0:13:10.400 at the end of the year that could mean Democrats 0:13:10.400 --> 0:13:13.000 retaking the majority in the House. They're not going to 0:13:13.040 --> 0:13:15.800 help Republicans try to limit the chaos. In other words, 0:13:15.800 --> 0:13:19.960 at least that's been the case so far. We are allowing, however, 0:13:20.240 --> 0:13:23.439 for some deal making to take place. Steve Scalise has 0:13:23.480 --> 0:13:25.960 worked with Democrats in the past and is very different 0:13:25.960 --> 0:13:27.880 than Jim Jordan. Could be cutting a deal as we 0:13:27.920 --> 0:13:31.640 speak with Hakim Jeffries or with the White House, and 0:13:31.640 --> 0:13:33.480 that's the part that happens behind the scenes that we 0:13:33.559 --> 0:13:35.280 just don't know about. But I wouldn't expect to see 0:13:35.320 --> 0:13:37.480 a lot of Democrats voting Scalise on the floor. 0:13:37.720 --> 0:13:40.440 So we avoided a shutdown a couple of weeks back 0:13:40.720 --> 0:13:43.840 funding through November seventeenth. Is there a high risk that 0:13:43.880 --> 0:13:47.080 we could be facing the threat of another shutdown in 0:13:47.120 --> 0:13:47.600 a big way? 0:13:47.840 --> 0:13:48.440 Absolutely. 0:13:48.720 --> 0:13:52.320 I mean, look that there were thoughts of creating a 0:13:52.400 --> 0:13:56.559 caretaker speakership with Patrick McHenry, who's the Speaker pro tem 0:13:56.679 --> 0:13:59.840 right now, has no real power but just to avoid 0:13:59.880 --> 0:14:03.160 the shutdown. So it appears that there is going to 0:14:03.160 --> 0:14:05.480 be an effort to get this figured out before then, 0:14:06.040 --> 0:14:08.680 But that doesn't mean that the work will be done. 0:14:09.000 --> 0:14:11.200 The House has only gotten through four bills. The Senate 0:14:11.240 --> 0:14:13.360 has all of the appropriations that it needs to, so 0:14:13.559 --> 0:14:17.080 now we're talking about another continuing resolution. Both Jim Jordan 0:14:17.120 --> 0:14:20.280 and Steve Scalise have acknowledged that that would be likely 0:14:20.680 --> 0:14:23.120 the next step if they became speaker, because there's no way. 0:14:22.960 --> 0:14:24.720 They're going to have a budget ready for the seventeenth 0:14:24.760 --> 0:14:28.640 of November. Joe, probably the question you're dreading. Has Donald 0:14:28.680 --> 0:14:32.560 Trump weighed in at all, privately or publicly. 0:14:32.600 --> 0:14:35.480 On the speaker fight. Absolutely, and it probably helped us 0:14:35.520 --> 0:14:39.000 get to this point. He endorsed Jim Jordan, and that 0:14:39.080 --> 0:14:41.640 might be the very reason why Jim Jordan did not 0:14:41.760 --> 0:14:45.840 become the nominee today. It did not help him in 0:14:45.880 --> 0:14:48.680 any regard Donald Trump was talking about coming up here. 0:14:48.720 --> 0:14:51.440 He did not do that, but you're hearing analysts on 0:14:51.480 --> 0:14:53.960 both sides of the aisle say Trump lost another one. 0:14:56.480 --> 0:14:59.320 This is Bloomberg Daybreak Asia, your morning brief on the 0:14:59.400 --> 0:15:03.040 stories making news from Hong Kong to Singapore and Wall Street. 0:15:03.080 --> 0:15:07.080 Look for us on your podcast feed every day, on Apple, Spotify, 0:15:07.320 --> 0:15:09.320 and anywhere else you get your podcasts. 0:15:09.320 --> 0:15:11.920 You can also listen live each day on Bloomberg eleven 0:15:11.960 --> 0:15:14.320 three to zero in New York, Bloomberg ninety nine to 0:15:14.360 --> 0:15:17.560 one in Washington, Bloomberg one oh sixty one in Boston, 0:15:17.880 --> 0:15:20.320 and Bloomberg nine sixty in San Francisco. 0:15:20.400 --> 0:15:23.240 Our flagship New York station is also available on your 0:15:23.280 --> 0:15:28.520 Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. 0:15:28.680 --> 0:15:32.040 Listen coast to coast on the Bloomberg Business app, Sirius 0:15:32.200 --> 0:15:36.400 XM Channel one nineteen, the iHeartRadio app, and on Bloomberg 0:15:36.520 --> 0:15:37.280 dot Com. 0:15:37.480 --> 0:15:38.960 I'm Brian Curtis. 0:15:38.920 --> 0:15:41.360 And I'm Doug Prisner. Join us again tomorrow for all 0:15:41.360 --> 0:15:43.880 the news you need to start your day right here 0:15:43.960 --> 0:15:45.320 on Bloomberg day Break Asia.