WEBVTT - Assad's Syria Regime Falls; President Trump talks Second Term

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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 John Tucker. Here

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

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<v Speaker 3>John, we begin with the latest from the Middle East.

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<v Speaker 3>Syrian president Bashar al Assad has fled to Moscow. Syrian

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<v Speaker 3>rebels reached Damascus over the weekend and overthrew Asad's government

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<v Speaker 3>following nearly fourteen years of civil war. We get more

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<v Speaker 3>from Bloomberg Stewart Livingston Wallace.

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<v Speaker 4>I think you would find a constituency out there that

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<v Speaker 4>said it took five decades to get rid of them,

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<v Speaker 4>But you know, in terms of the more immediate past, yeah,

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<v Speaker 4>it was less than two weeks. And I think it

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<v Speaker 4>was the What surprised everyone was the speed of which

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<v Speaker 4>it happened on a number front. So number one, that

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<v Speaker 4>the opposition forces and there are many, many of them,

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<v Speaker 4>managed to unify and work together and move very rapidly.

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<v Speaker 4>Secondly at how weak the Assad regime proved to be

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<v Speaker 4>when under a little bit of pressure. And then the

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<v Speaker 4>third really important thing is how reluctant both Russia and

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<v Speaker 4>Iran were to step in, Because there was certainly an

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<v Speaker 4>assumption among some analysts that Russia would absolutely intervene, and

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<v Speaker 4>that just didn't happen.

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<v Speaker 3>Bloeberg Stewart Livingston Walla says looters have started raiding the

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<v Speaker 3>presidential palace and people have taken to the streets of

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<v Speaker 3>Damascus to celebrate the Azad regime's demise.

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<v Speaker 2>And now Israeli ground forces have crossed into Syria for

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<v Speaker 2>the first time in more than fifty years. Israel's Foreign

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<v Speaker 2>minister confirmed that they've struck chemical weapons facilities in Syria.

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<v Speaker 2>It was described as a preventative measure. Israeli Prime Minister Benjaminetna,

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<v Speaker 2>who welcomed the fall of Assad, who was a key

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<v Speaker 2>ally of Iran and Lebdon and Hesblab militant group.

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<v Speaker 5>This is a historic day for the Middle East, the

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<v Speaker 5>collapse of the Acid regime. The tyranny in Damascus offers

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<v Speaker 5>great opportunity, but also is flawed with significant dangers. This

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<v Speaker 5>collapse is a direct result of our forceful action against

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<v Speaker 5>Kibala and Iran Asad's main supporters. It's set off a

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<v Speaker 5>chain reaction of all those who want to free themselves

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<v Speaker 5>from this tyranny and it's oppression.

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<v Speaker 2>Israeli Prime Minister Benjaminnett Yeho says the collapse of the

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<v Speaker 2>Assaud regime I in Syria may help advance a deal

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<v Speaker 2>to release the hostages held in Gaza.

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<v Speaker 3>And over the weekend, John the US hit dozens of

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<v Speaker 3>Islamic state targets in central Syria. President Biden is counsctioning

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<v Speaker 3>Assad's fall from power could open the door to a

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<v Speaker 3>resurgence of Islamic extremism.

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<v Speaker 6>We're cleared eyed about the fact that isis will try

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<v Speaker 6>to take advantage of any vacuum to re establish his

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<v Speaker 6>capability and to create a safe haven. We will not

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<v Speaker 6>let that happen.

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<v Speaker 3>President Biden spoke from the White House as his administration

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<v Speaker 3>keeps up heavy involvement in Israel's multi front war.

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<v Speaker 2>And before the Assad regime's downfall. President elect Donald Trump

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<v Speaker 2>spoke to NBC's Meet the Press for his first network

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<v Speaker 2>TV interview since the Eluction win Trump telling moderator Kristin

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<v Speaker 2>Welker one of his first day priorities will be issuing

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<v Speaker 2>pardons to the Capitol Hill rioters on January sixth, twenty

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<v Speaker 2>twenty one.

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<v Speaker 7>Everything we're going to look at into the free places. Yeah, okay,

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<v Speaker 7>but I'm going to be acting very quickly.

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<v Speaker 2>The President link also repeating his threat to impose terrace

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<v Speaker 2>on Canada and Mexico. He says he doesn't think it'll

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<v Speaker 2>cost American consumers anything, but he can't guarantee it.

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<v Speaker 7>I can't guarantee anything. I can't guarantee tomorrow, but I

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<v Speaker 7>can say that if you look at my just pre COVID,

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<v Speaker 7>we had the greatest economy in the history of our country.

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<v Speaker 3>President like Trump also promised to end birthright citizenship through

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<v Speaker 3>executive action, even though the Fourteenth Amendment guarantees citizenship to

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<v Speaker 3>people born in US territory.

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<v Speaker 7>If somebody sets a foot, just a foot, one foot,

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<v Speaker 7>you don't need to on our land. Congratulations, you are

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<v Speaker 7>now a citizen of the United States of America. Yes,

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<v Speaker 7>we're going to end that because it's ridiculous.

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<v Speaker 3>President delect was also asked about a key personnel decision.

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<v Speaker 3>Will you try to replace Jerom Pell?

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<v Speaker 7>No, I don't think so. I don't see it, but

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<v Speaker 7>I don't. I think if I told him too, he would.

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<v Speaker 3>Donald Trump also said he has spoken with Chinese President

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<v Speaker 3>Shi Jinping in recent days. It's the first time he's

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<v Speaker 3>mentioned direct contact with the Chinese leader since his election

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<v Speaker 3>went and you could hear NBC's Meet the Press every

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<v Speaker 3>Sunday on Bloomberg Radio.

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<v Speaker 2>And we want to update you on the political crisis

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<v Speaker 2>in Asia. South Korea's Justice ministry as banned President Yunsak

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<v Speaker 2>Yule from traveling overseas. The ban comes as multiple investigations

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<v Speaker 2>are underway following the embattled leader's brief declaration of martial law.

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<v Speaker 2>The Cosmy Benchmark stock index closed down a further two

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<v Speaker 2>point eight percent today, bringing its lines as the martial

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<v Speaker 2>law declaration to more than five percent.

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<v Speaker 3>On the flip side, John Hong Kong's benchmark index jumped

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<v Speaker 3>two point eight percent. Those games came as China's top

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<v Speaker 3>leaders announced they plan to loosen monetary policy and expand

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<v Speaker 3>fiscal spending next year. The move is seen as a

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<v Speaker 3>sign of confidence against President elect Trump's trade threats and

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<v Speaker 3>is expected to boost the Chinese economy.

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<v Speaker 2>I'm talking about spending. Another major story we're following this

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<v Speaker 2>morning comes with the world of sports. Baseball star Won

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<v Speaker 2>Soto has signed the richest contract ever of the sport,

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<v Speaker 2>and let's get the latest from Bloomberg's John Stasher. John,

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<v Speaker 2>Good morning, Good morning, John.

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<v Speaker 8>This is what Mets fans were hoping for when Steve

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<v Speaker 8>Cohen bought the team that no one would outspend him.

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<v Speaker 8>Soto's deal with the Mets is for fifteen years that

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<v Speaker 8>takes him to age forty one. It's worth seven hundred

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<v Speaker 8>and sixty five million dollars. It will make fifty one

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<v Speaker 8>million a year, and if he doesn't opt out in

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<v Speaker 8>five years, that salary grows the fifty five million. Unlike

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<v Speaker 8>shoey Otani's deal last year with the Dodgers, none of

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<v Speaker 8>the salary is deferred. The Yankees, in their attempt to

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<v Speaker 8>keep Soto, apparently finished a close second, their offer reportedly

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<v Speaker 8>worth seven hundred and sixty million. John stashiew Were Bloomberg Sports,

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<v Speaker 8>John and Nathan Okay, John.

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<v Speaker 9>Thank you.

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<v Speaker 3>We're going to get more reaction to the historic Soto

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<v Speaker 3>deal in a few minutes, coming up in sports. But

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<v Speaker 3>turning back to markets now, we're watching shares of inter

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<v Speaker 3>Public Group in early trading. They are surging nearly fourteen percent.

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<v Speaker 3>The Wall Street journals reporting Omnicom Group as an advanced

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<v Speaker 3>talks to buy into Public in a deal that would

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<v Speaker 3>create the world's largest advertising firm.

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<v Speaker 2>I thanks Nathan vemperingsys to five oh Savil on Wall

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<v Speaker 2>Street time for a look at some of the other

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<v Speaker 2>stories making news in New York and around the world.

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<v Speaker 2>Ever that we're joined by Bloomberg's Michael Barr Michael, Good Morning.

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<v Speaker 10>Good morning John. The hunt for the gunman who killed

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<v Speaker 10>United Healthcare CEO Brian Thompson in Manhattan has involved following

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<v Speaker 10>leads in multiple states, According to law enforcement sources, NYPD

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<v Speaker 10>divers have been scouring a pond in Central Park looking

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<v Speaker 10>for evidence. New York Mayor Eric Adams would not say

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<v Speaker 10>much about what divers hope to find. I don't want

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<v Speaker 10>to do anything that's going to a friend join these investigators.

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<v Speaker 4>Some of them have been up throughout the night while

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<v Speaker 4>this investigation has taking place.

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<v Speaker 9>But every piece is important to that puzzle.

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<v Speaker 10>The backpack the shooter is seen wearing in video was

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<v Speaker 10>found in Central Park Friday, and late Saturday, police release

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<v Speaker 10>new photos of the suspect, seen in a taxi after

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<v Speaker 10>the killing. Billionaire hip hop mogul jay Z has been

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<v Speaker 10>added to an existing civil lawsuit against Sean Diddy Combs.

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<v Speaker 10>He's being accused by an unidentified woman of sexually assaulting

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<v Speaker 10>her when she was a thirteen year old girl. The

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<v Speaker 10>incident allegedly happening after the two thousand VMAs. Jay Z

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<v Speaker 10>vehemently denies the claim. A jury in New York will

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<v Speaker 10>deliber eight for a fifth day today. In the trial

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<v Speaker 10>of Daniel Penny, the judge presiding over the case dismissed

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<v Speaker 10>the manslaughter charge after the jury was unable to reach

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<v Speaker 10>a unanimous decision. Penny could face up to four years

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<v Speaker 10>in prison if convicted on the charge of criminally negligent

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<v Speaker 10>homicide he put Neely in a chokeold on the subway

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<v Speaker 10>in New York City last year. It is possible that

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<v Speaker 10>the jury could find him guilty of criminal negligence, which

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<v Speaker 10>is a lower standard of culpability than manslaughter. President Joe

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<v Speaker 10>Biden hosted this year's Kennedy's Center honorees at the White

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<v Speaker 10>House before attending the forty seventh Kennedy Center Honors late

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<v Speaker 10>last night. This year's honna rees are The Grateful Dead,

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<v Speaker 10>Bonnie Raitt, Arturo Sandoval, The Apollo Theater, and filmmaker Francis

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<v Speaker 10>Ford Coppola France.

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<v Speaker 6>And I'm looking for work in February, so maybe you've

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<v Speaker 6>got something for me? An a Biden de Nero combination here.

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<v Speaker 6>I can't sing, I can't act, I can't dance to

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<v Speaker 6>a damn thing, but I can help you.

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<v Speaker 10>Also at the Kennedy Center honors first Lady Doctor Jill Biden,

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<v Speaker 10>Vice President Kamala Harris, and second Gentleman Doug M. Hoff.

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<v Speaker 10>Global News twenty four hours a day and whenever you

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<v Speaker 10>want it with Bloomberg News. Now, I'm Michael Barr, and

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<v Speaker 10>this is Bloomberg, John.

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<v Speaker 2>Michael, thank you, and Tondell that it brings us to

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<v Speaker 2>five to ten. John stansher back now for the rest

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<v Speaker 2>of the sports is being drunk you by your Trient

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<v Speaker 2>State OUTI Dealers.

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<v Speaker 8>John, good morning, Good morning, John wansto only twenty six

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<v Speaker 8>years old, He's already accomplished so much both individually and

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<v Speaker 8>he led Washington to a world championship for the Yankees

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<v Speaker 8>to a pendant, and that's what made him so appealing

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<v Speaker 8>as a free agent. Several teams expressed interest, but in

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<v Speaker 8>the end, it as expected, perimed came down to the

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<v Speaker 8>Mets and Yankees, with the Mets offer of a total

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<v Speaker 8>package worth seven hundred and sixty five million dollars, just

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<v Speaker 8>five million more than the Yankee offer. What may have

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<v Speaker 8>clinched the deal for the Mets is that if Soto

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<v Speaker 8>doesn't opt out after five years, as salary grows, the

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<v Speaker 8>deal could exceed eight hundred million. Just how bad is

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<v Speaker 8>his NFL season in New York been Over the past

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<v Speaker 8>two months, the combined record of the Jets and Giants

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<v Speaker 8>one and sixteen. Both teams had chances to win in

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<v Speaker 8>Week fourteen, especially the Jets. In Miami, the only trailed

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<v Speaker 8>second half for three and a half minutes. They retook

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<v Speaker 8>the lead on a field goal, but allowed the Dolphins

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<v Speaker 8>to return the ensuing kicked off forty five yards. They

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<v Speaker 8>were able to tie the game, and then they won

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<v Speaker 8>the coin flip and in overtime march down the field.

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<v Speaker 8>Miami beat the Jets thirty two to twenty six of

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<v Speaker 8>the touchdown passed to a tone by all out of

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<v Speaker 8>Johnny Smith. Jets fourth straight loss they've dropped seven the

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<v Speaker 8>last eighth. The Giants had lost all of their last eight.

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<v Speaker 8>Hosting New Orleans, they had virtually no offense in the

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<v Speaker 8>first half, did come alive late, had a thirteen to

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<v Speaker 8>play eighty two yard touchdown drive. They were in position

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<v Speaker 8>to send the game to overtime. You needed only a

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<v Speaker 8>Graham you know, chip shot field goal, it was blocked

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<v Speaker 8>and the Saints won fourteen to eleven. The Giants coach

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<v Speaker 8>Brian da Ball thought.

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<v Speaker 3>They battled their tails off. I was probably the way

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<v Speaker 3>they competed and we came up short.

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<v Speaker 10>And it's tough, you know, you put everything into it.

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<v Speaker 6>And it was again at the end and fund there's

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<v Speaker 6>plenty of plays that could have made a difference.

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<v Speaker 1>It came up short.

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<v Speaker 8>Giants still winless at home. One board defeat ties the

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<v Speaker 8>club record for the longest losing the game. Last night,

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<v Speaker 8>Kansas City went to twelve and one narrow win over

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<v Speaker 8>the Chargers nineteen seventeen. John Stashan were Bloomberg Sports JOHNA.

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<v Speaker 9>Nathan Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,

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<v Speaker 9>and around the world on Bloomberg dot Com and the

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<v Speaker 9>Bloomberg Business app. This is Bloomberg Daybreak.

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<v Speaker 5>Good morning, I'm Nathan Hager.

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<v Speaker 3>The world is bracing for more potential chaos in the

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<v Speaker 3>Middle East after the rapid advance on Damascus that led

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<v Speaker 3>to the downfall of Syrian President Boscher al Asad's government

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<v Speaker 3>the first time, and Asad member has not been leading

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<v Speaker 3>the Syrian regime in more than half a century joining

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<v Speaker 3>us now. Bloomberg News Director for Europe, the Middle East

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<v Speaker 3>and Africa, Rosalind Matheson Roz, Good morning. These developments over

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<v Speaker 3>just the last weekend have been headspinning. How did this

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<v Speaker 3>rebel advance happen so quickly? What do we know about

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<v Speaker 3>this group that seems to have overrun the Syrian military?

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<v Speaker 6>Good Morning, Well, I just say it.

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<v Speaker 1>Was pretty startling how quickly it happened. In the end,

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<v Speaker 1>we saw them start with Aleppo and then move through

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<v Speaker 1>a series of cities, but advancing on Damascus with great speed.

0:11:53.120 --> 0:11:55.880
<v Speaker 1>It seems as though the Syrian army didn't really put

0:11:56.000 --> 0:12:00.199
<v Speaker 1>up any resistance, abandoned some of their posts. Cindy, a

0:12:00.240 --> 0:12:03.760
<v Speaker 1>control Assad had over his military seems to have faded

0:12:04.400 --> 0:12:07.160
<v Speaker 1>very quickly, and that just shows again you know, internally

0:12:07.360 --> 0:12:11.520
<v Speaker 1>Siria for years has been a crumbling state, even with

0:12:11.880 --> 0:12:15.800
<v Speaker 1>his very strong and ugly quite repressive rule. So in

0:12:15.880 --> 0:12:18.560
<v Speaker 1>the minute, the military didn't support him, and so they

0:12:18.640 --> 0:12:21.240
<v Speaker 1>faded away, and the rebels moved very quickly, and as

0:12:21.280 --> 0:12:24.760
<v Speaker 1>we saw, with speed that shocked not just the rest

0:12:24.800 --> 0:12:27.360
<v Speaker 1>of the world, but also seems to have shocked Aside himself.

0:12:28.400 --> 0:12:31.400
<v Speaker 3>So what happens next Rose with a side apparently now

0:12:32.280 --> 0:12:36.679
<v Speaker 3>seeking asylum in Moscow. What is the risk of a

0:12:36.840 --> 0:12:40.040
<v Speaker 3>power vacuum one another power vacuum once again in the

0:12:40.040 --> 0:12:40.600
<v Speaker 3>Middle East.

0:12:41.600 --> 0:12:43.520
<v Speaker 1>Well, that is the real question because if you look

0:12:43.559 --> 0:12:47.080
<v Speaker 1>at other examples around the world, mean Gaddafi, of course,

0:12:47.440 --> 0:12:50.439
<v Speaker 1>Saddam Hussein in Iraq. Other times, when you have a

0:12:50.760 --> 0:12:55.000
<v Speaker 1>very very strong man leader who has taken out, what

0:12:55.200 --> 0:12:58.520
<v Speaker 1>comes in their place because they really kind of kept

0:12:58.559 --> 0:13:01.840
<v Speaker 1>the country stitched together. So the question is what comes

0:13:01.920 --> 0:13:04.160
<v Speaker 1>up now. Of course, we do have the rebel group

0:13:04.240 --> 0:13:07.280
<v Speaker 1>known as HTS which led the charge here, their leader

0:13:07.400 --> 0:13:10.480
<v Speaker 1>Mohammad al Jilani. Does he try and form a government,

0:13:10.520 --> 0:13:12.800
<v Speaker 1>does he try and bring these other rebel groups in

0:13:12.880 --> 0:13:15.800
<v Speaker 1>the country together. Of course that's a splinter group from

0:13:15.880 --> 0:13:18.160
<v Speaker 1>al Qaeda, But there are a lot of other players

0:13:18.679 --> 0:13:21.079
<v Speaker 1>in the country. And how do you go from military

0:13:21.120 --> 0:13:24.920
<v Speaker 1>operations to being political players. They don't really have experience

0:13:25.000 --> 0:13:27.160
<v Speaker 1>in politics. How do you form a government, how do

0:13:27.240 --> 0:13:30.720
<v Speaker 1>you run government ministries? How workable is at So there's

0:13:30.760 --> 0:13:32.920
<v Speaker 1>a lot of questions around that. There's a lot we

0:13:33.000 --> 0:13:35.920
<v Speaker 1>don't know about how or when a government or new

0:13:35.920 --> 0:13:39.520
<v Speaker 1>administration might come. We also don't know what opportunities this

0:13:39.640 --> 0:13:42.280
<v Speaker 1>might give others in that vacuum. I mean, you saw

0:13:42.320 --> 0:13:45.640
<v Speaker 1>the US President Joe Biden yesterday and others talking warning

0:13:45.679 --> 0:13:49.319
<v Speaker 1>about Islamic State, which is still operating in Syria. That's

0:13:49.320 --> 0:13:53.320
<v Speaker 1>why US troops are there to try and contain ISIS.

0:13:53.440 --> 0:13:56.080
<v Speaker 1>So does this give them an opportunity to try and regroup.

0:13:56.559 --> 0:14:00.280
<v Speaker 3>Now we've seen reports as well that Israeli ground truew

0:14:00.280 --> 0:14:03.040
<v Speaker 3>on a Syrian buffer zone, that there have been strikes

0:14:03.080 --> 0:14:07.199
<v Speaker 3>on suspected chemical weapons plants in Syria as well. What

0:14:07.280 --> 0:14:10.800
<v Speaker 3>does this say about the power dynamic in the Middle

0:14:10.840 --> 0:14:13.960
<v Speaker 3>East right now when Israel is fighting a multi front

0:14:14.080 --> 0:14:18.679
<v Speaker 3>war and Iran, which had also been backing Syria, appears

0:14:18.720 --> 0:14:20.840
<v Speaker 3>to be something on a bit of a backfoot potentially.

0:14:21.960 --> 0:14:23.920
<v Speaker 1>Well, the chess board on this is very interesting. As

0:14:23.960 --> 0:14:26.920
<v Speaker 1>you say, the two QI allies, Russia and Iran didn't

0:14:26.960 --> 0:14:30.720
<v Speaker 1>really come in militarily to save Asad, and that's because

0:14:30.760 --> 0:14:34.720
<v Speaker 1>they're dealing with their own conflicts, Russia with Ukraine around

0:14:34.760 --> 0:14:36.600
<v Speaker 1>with its proxies that you were saying in the region

0:14:36.640 --> 0:14:40.280
<v Speaker 1>in Lebanon and Gaza, and not inclined to step in.

0:14:40.600 --> 0:14:43.560
<v Speaker 1>So where does that leave them in this where does

0:14:43.600 --> 0:14:45.600
<v Speaker 1>it leave. Turkey, of course, which has got a strong

0:14:45.680 --> 0:14:48.760
<v Speaker 1>interest in what happens in Syrian arguably is in a

0:14:48.800 --> 0:14:52.400
<v Speaker 1>position now to influence events on the ground. And for Israel,

0:14:52.480 --> 0:14:55.680
<v Speaker 1>of course, because they've got that border area, and as

0:14:55.720 --> 0:14:58.760
<v Speaker 1>Benjamin Etnia he was saying yesterday, very much a defensive

0:14:58.880 --> 0:15:01.520
<v Speaker 1>move for now well in that buffer zone, which has

0:15:01.600 --> 0:15:05.720
<v Speaker 1>operated for nearly fifty years, the Syrian Army abandoned their

0:15:05.800 --> 0:15:10.080
<v Speaker 1>posts and that's obviously your concern for Israel in maintaining

0:15:10.600 --> 0:15:12.560
<v Speaker 1>its border area, so they zipped in there to the

0:15:12.600 --> 0:15:15.800
<v Speaker 1>buffer zone in what he was saying is a defensive move,

0:15:15.840 --> 0:15:19.000
<v Speaker 1>and perhaps a bit further into Syrian territory. They're also

0:15:19.040 --> 0:15:21.960
<v Speaker 1>worried about who's going to control weapons in Syria in

0:15:22.080 --> 0:15:23.640
<v Speaker 1>all of this, the question of whether there are a

0:15:23.720 --> 0:15:29.120
<v Speaker 1>chemical weapons facilities still in Syria, so obviously concerned about that,

0:15:29.280 --> 0:15:31.280
<v Speaker 1>which is why we've seen the strikes at Israel has

0:15:31.320 --> 0:15:34.200
<v Speaker 1>announced today and that we'll be expected to continue. But

0:15:34.280 --> 0:15:37.440
<v Speaker 1>that's largely appearing to be a defensive move by Israel.

0:15:37.840 --> 0:15:41.120
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