1
00:00:00,160 --> 00:00:10,799
Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan

2
00:00:10,840 --> 00:00:13,800
Speaker 1: Hager and I'm Karen Moscow. Here are the stories we're

3
00:00:13,840 --> 00:00:14,640
Speaker 1: following today.

4
00:00:14,840 --> 00:00:17,720
Speaker 2: Karen, we begin with politics and a new choice from

5
00:00:17,840 --> 00:00:21,080
Speaker 2: Donald Trump to lead the Justice Department. The President elect

6
00:00:21,120 --> 00:00:24,920
Speaker 2: is nominating former Florida Attorney General Pam Bondi to run

7
00:00:25,079 --> 00:00:25,639
Speaker 2: the DOJ.

8
00:00:26,000 --> 00:00:28,280
Speaker 3: We get the story from Bloomberg's Doug Prisner.

9
00:00:28,680 --> 00:00:31,960
Speaker 4: The selection of Bondi comes after Trump's first pick, Matt Gates,

10
00:00:32,000 --> 00:00:36,440
Speaker 4: withdrew from consideration. The former Florida congressman faced scrutiny over

11
00:00:36,479 --> 00:00:40,040
Speaker 4: allegations of sexual misconduct. Now Gates denied them, but he

12
00:00:40,120 --> 00:00:43,920
Speaker 4: lacks support among Senate Republicans to be confirmed. In Bondi,

13
00:00:44,080 --> 00:00:47,800
Speaker 4: Trump is elevating another longtime ally with Florida roots. In

14
00:00:47,840 --> 00:00:50,920
Speaker 4: the first Trump administration, Bondi worked out of the White House,

15
00:00:51,000 --> 00:00:55,440
Speaker 4: assisting in communications related to Trump's first impeachment trial, and

16
00:00:55,520 --> 00:00:59,400
Speaker 4: as Florida ag Bondi earned national attention for her efforts

17
00:00:59,440 --> 00:01:01,440
Speaker 4: to overturn earn the Affordable Care.

18
00:01:01,200 --> 00:01:03,960
Speaker 3: Act in New York. Come Doug Krisner, Bloomberg Radio.

19
00:01:04,560 --> 00:01:06,440
Speaker 1: All Right, Doug, thank you, well. Matt Gates may be

20
00:01:06,600 --> 00:01:09,080
Speaker 1: out as Attorney general, but there's still a push on

21
00:01:09,120 --> 00:01:12,240
Speaker 1: Capitol Hill to release the House Ethics investigation on the

22
00:01:12,240 --> 00:01:16,640
Speaker 1: former Florida Congressman. Illinois Democrat Sean Caston sits on the

23
00:01:16,640 --> 00:01:17,600
Speaker 1: Ethics Committee.

24
00:01:17,640 --> 00:01:20,120
Speaker 5: It matters for the integrity of the law. It matters

25
00:01:20,160 --> 00:01:22,200
Speaker 5: for the integrity of this House, and it matters for

26
00:01:22,240 --> 00:01:25,600
Speaker 5: the respect that we expect the American people to give us,

27
00:01:25,680 --> 00:01:29,240
Speaker 5: that those of us entrusted with this job will uphold

28
00:01:29,480 --> 00:01:32,440
Speaker 5: the United States as a land where all are treated equally.

29
00:01:32,200 --> 00:01:36,200
Speaker 1: Under the law, and Democratic Congressman Sean Casten there besides

30
00:01:36,240 --> 00:01:40,679
Speaker 1: them as conduct accusations. Gates is facing a campaign finance questions.

31
00:01:40,959 --> 00:01:44,560
Speaker 1: Federal filing show the former congressman's main campaign arms spend

32
00:01:44,560 --> 00:01:48,520
Speaker 1: one point two million dollars on e merchant fees to Stripe,

33
00:01:48,640 --> 00:01:52,040
Speaker 1: the San Francisco based fintech. It's about nineteen percent of

34
00:01:52,040 --> 00:01:55,560
Speaker 1: Gates's contributions. In campaigns typically spend one to four percent

35
00:01:55,600 --> 00:01:56,720
Speaker 1: on payment processing.

36
00:01:56,880 --> 00:01:59,560
Speaker 2: The Karen president like Trump still hasn't made a decision

37
00:01:59,600 --> 00:02:02,040
Speaker 2: on a trailer secretary, but there is new word on

38
00:02:02,080 --> 00:02:05,160
Speaker 2: how his thinking around the position is going. According to

39
00:02:05,160 --> 00:02:08,280
Speaker 2: The Wall Street Journal, Trump is considering naming former Fed

40
00:02:08,320 --> 00:02:11,600
Speaker 2: Governor Kevin Walsh to lead the Treasury Department, then putting

41
00:02:11,680 --> 00:02:14,239
Speaker 2: him in charge of the Federal Reserve when Chairman J.

42
00:02:14,440 --> 00:02:17,799
Speaker 2: Powell's term ends in twenty twenty six. At the same time,

43
00:02:17,840 --> 00:02:20,359
Speaker 2: Trump could pick Key Square Group founder Scott Besson to

44
00:02:20,440 --> 00:02:23,880
Speaker 2: lead the National Economic Council, then take over Treasury if

45
00:02:23,919 --> 00:02:27,079
Speaker 2: Worsh becomes FED chair, Aids tell the Journal Trump could

46
00:02:27,160 --> 00:02:30,160
Speaker 2: change his mind. He is also considering Apollo Global Management

47
00:02:30,200 --> 00:02:32,280
Speaker 2: CEO Mark Rowan for Treasury.

48
00:02:33,000 --> 00:02:36,320
Speaker 1: Well. Another major story where following this morning Nathan involves

49
00:02:36,400 --> 00:02:40,920
Speaker 1: a warning from US intelligence and national security agencies. It's

50
00:02:40,960 --> 00:02:44,600
Speaker 1: about a sabotage threat from Russia. Get the detls from

51
00:02:44,600 --> 00:02:45,680
Speaker 1: Bloomberg's Oliver Crook.

52
00:02:45,960 --> 00:02:47,960
Speaker 6: This is part of the sort of broader conversation that

53
00:02:47,960 --> 00:02:49,800
Speaker 6: we've been having for a long time in Europe and

54
00:02:49,840 --> 00:02:52,160
Speaker 6: in the United States about the sort of hybrid warfare

55
00:02:52,200 --> 00:02:55,240
Speaker 6: that Russia has been waging in various different sectors, whether

56
00:02:55,280 --> 00:02:57,880
Speaker 6: it's sort of in civilian infrastructure or just sort of

57
00:02:58,120 --> 00:03:02,880
Speaker 6: some psychological dimensions, and of course the question of social.

58
00:03:02,560 --> 00:03:03,799
Speaker 3: Media, all of these sorts of things.

59
00:03:03,800 --> 00:03:08,120
Speaker 6: But this is specifically directed at defense companies, warning basically

60
00:03:08,160 --> 00:03:11,840
Speaker 6: that there could be active Russian sabotage to operations in

61
00:03:11,880 --> 00:03:14,560
Speaker 6: the United States and also abroad, and this is also

62
00:03:14,639 --> 00:03:18,000
Speaker 6: coming as sort of Russian intelligence groups allegedly also tried

63
00:03:18,000 --> 00:03:21,880
Speaker 6: to identify and recruit individuals sort of insiders of these

64
00:03:21,880 --> 00:03:24,680
Speaker 6: industrial bases to try to sort of sort of convert

65
00:03:24,720 --> 00:03:26,840
Speaker 6: them or get information from them and.

66
00:03:26,760 --> 00:03:30,800
Speaker 1: Bloomerge Oliver Kruks as President Biden's outgoing administration, has warned

67
00:03:30,840 --> 00:03:34,560
Speaker 1: allies about the risks of stepped up Russian sabotage if

68
00:03:34,560 --> 00:03:37,520
Speaker 1: the US and its allies allowed Ukraine to fire Western

69
00:03:37,600 --> 00:03:39,280
Speaker 1: weapons deep inside Russia.

70
00:03:39,560 --> 00:03:42,600
Speaker 2: Meanwhile, Karin the US has confirmed Russia fired an experimental

71
00:03:42,640 --> 00:03:46,640
Speaker 2: intermediate range ballistic missile at Ukraine. President Vladimir Putin says

72
00:03:46,640 --> 00:03:49,440
Speaker 2: the attack was in retaliation for Ukraine's use of American

73
00:03:49,480 --> 00:03:51,320
Speaker 2: and British made missiles earlier this week.

74
00:03:52,040 --> 00:03:55,600
Speaker 7: Right, we consider ourselves entitled to use our weapons against

75
00:03:55,680 --> 00:03:58,960
Speaker 7: military facilities of those countries that allow their weapons to

76
00:03:58,960 --> 00:04:02,320
Speaker 7: be used against facilities, and in the event of an

77
00:04:02,440 --> 00:04:05,960
Speaker 7: escalation of aggressive actions, we will respond decisively.

78
00:04:07,200 --> 00:04:10,200
Speaker 2: In a televised address in Rasha, Vladimir Putin warned US

79
00:04:10,240 --> 00:04:13,320
Speaker 2: air defense systems would be powerless to stop the new missile.

80
00:04:13,320 --> 00:04:16,120
Speaker 3: He says it flies at ten times the speed of sound.

81
00:04:16,760 --> 00:04:18,960
Speaker 1: Well, Nathan, Now to the latest on the war between

82
00:04:19,000 --> 00:04:23,160
Speaker 1: Israel and Hamas Benjamin Etniel, who is criticizing the International

83
00:04:23,200 --> 00:04:26,479
Speaker 1: Criminal Court for issuing arrest warrants against him and a

84
00:04:26,520 --> 00:04:29,680
Speaker 1: former minister, and said his government won't be deterred from

85
00:04:29,720 --> 00:04:32,279
Speaker 1: continuing its war against Hamas and Gaza.

86
00:04:32,440 --> 00:04:34,479
Speaker 8: I want to thank our many friends around the world,

87
00:04:34,720 --> 00:04:38,520
Speaker 8: especially those in the United States who've condemned this outrage

88
00:04:38,680 --> 00:04:41,320
Speaker 8: and who have said that this decision will have severe

89
00:04:41,400 --> 00:04:45,240
Speaker 8: consequences for the ICC and those who cooperate with its decision.

90
00:04:45,560 --> 00:04:48,040
Speaker 8: Israel will not recognize the validity of this.

91
00:04:48,080 --> 00:04:52,160
Speaker 1: Decision Nanya, who says the court's announcement was anti Semitic

92
00:04:52,200 --> 00:04:55,640
Speaker 1: and Israel will keep defending its citizens. The ICC also

93
00:04:55,680 --> 00:04:59,040
Speaker 1: issued a warrant for Hamask commander Mohammed Daif, who Israel

94
00:04:59,120 --> 00:05:01,280
Speaker 1: said was killed in Gaza months ago.

95
00:05:01,440 --> 00:05:04,839
Speaker 2: Training The markets now, Karen futures are lower following yesterday's

96
00:05:04,880 --> 00:05:08,599
Speaker 2: dowlead rally on Wall Street. Bitcoin is on the rise again,

97
00:05:08,640 --> 00:05:10,839
Speaker 2: nearing the one hundred thousand dollars level. Right now, the

98
00:05:10,880 --> 00:05:15,039
Speaker 2: digital token is just shy of ninety nine thousand. Mike

99
00:05:15,120 --> 00:05:18,200
Speaker 2: Reagan is Bloomberg's crypto team leader. He says it's not

100
00:05:18,520 --> 00:05:21,479
Speaker 2: just because president like Donald Trump wants to deregulate the

101
00:05:21,520 --> 00:05:24,760
Speaker 2: crypto industry that Bitcoin's moving on up. He says, it's

102
00:05:24,760 --> 00:05:28,360
Speaker 2: about Trump's promise to create a strategic bitcoin stockpile.

103
00:05:28,800 --> 00:05:31,280
Speaker 9: The market is thinking there's a good chance of that,

104
00:05:31,440 --> 00:05:33,880
Speaker 9: and not only that that other governments will have to

105
00:05:33,920 --> 00:05:37,120
Speaker 9: follow suit. If the US suddenly is treating bitcoin like

106
00:05:37,279 --> 00:05:41,000
Speaker 9: a major reserve asset, other governments will likely be inspired

107
00:05:41,080 --> 00:05:43,599
Speaker 9: to do the same. So that's kind of the backdrop

108
00:05:43,720 --> 00:05:46,760
Speaker 9: for this just parabolic rally to the upside that we've seen.

109
00:05:46,880 --> 00:05:49,400
Speaker 2: Bloomberg's Mike Reagan says the crypto market as a whole

110
00:05:49,400 --> 00:05:52,600
Speaker 2: has gained more than nine hundred billion dollars since Trump's

111
00:05:52,640 --> 00:05:53,279
Speaker 2: election win.

112
00:05:54,000 --> 00:05:56,719
Speaker 1: Well Nathan, the Euro trading at inslow's level in two years,

113
00:05:56,720 --> 00:05:59,320
Speaker 1: and traders ramping up bets on interest rate cuts from

114
00:05:59,320 --> 00:06:02,359
Speaker 1: the European Central Bank. The drop comes after gauges of

115
00:06:02,400 --> 00:06:05,960
Speaker 1: business activity and the bloc's two biggest economies contracted more

116
00:06:06,000 --> 00:06:09,640
Speaker 1: than expected. Rachel Evans, managing editor for FX and Rates

117
00:06:09,640 --> 00:06:13,200
Speaker 1: for Bloomberg News, says traders have up December ratecunt bets

118
00:06:13,360 --> 00:06:16,960
Speaker 1: from fifteen percent yesterday to fifty percent today.

119
00:06:17,360 --> 00:06:19,400
Speaker 3: These are bad data figures.

120
00:06:19,400 --> 00:06:20,920
Speaker 10: They are going to have to look at these and

121
00:06:20,960 --> 00:06:23,039
Speaker 10: think about does that really make sense for them to

122
00:06:23,080 --> 00:06:25,880
Speaker 10: kind of continue with their hawkish stance or do they

123
00:06:25,880 --> 00:06:27,280
Speaker 10: need to think about, you know, even if they're not

124
00:06:27,320 --> 00:06:30,360
Speaker 10: going to go big in December, adding to bets next

125
00:06:30,440 --> 00:06:33,960
Speaker 10: year And indeed the market is now predicting six bets

126
00:06:34,240 --> 00:06:35,719
Speaker 10: by the ECBN twenty twenty five.

127
00:06:36,160 --> 00:06:39,440
Speaker 1: Bloomer's Rachel Elevens says the euros slide follows the composite

128
00:06:39,520 --> 00:06:43,039
Speaker 1: PMI shrinking to forty eight point one from fifty in October.

129
00:06:43,400 --> 00:06:45,880
Speaker 2: In merger news, Karen a deal to create the largest

130
00:06:45,960 --> 00:06:49,480
Speaker 2: US pay TV service is all but dead. DirecTV has

131
00:06:49,520 --> 00:06:52,880
Speaker 2: notified Echo starve it's intention to terminate an acquisition of

132
00:06:52,920 --> 00:06:55,360
Speaker 2: Dish Network after they failed to win the consent of

133
00:06:55,440 --> 00:06:58,000
Speaker 2: bondholders for a key debt exchange. Under the terms of

134
00:06:58,040 --> 00:07:01,320
Speaker 2: the original transaction, Direct TV was to acquire Dish and

135
00:07:01,360 --> 00:07:04,320
Speaker 2: the Sling TV for Echo Star for a dollar plus

136
00:07:04,360 --> 00:07:06,719
Speaker 2: the assumption of about nine and three quarter billion dollars

137
00:07:06,800 --> 00:07:09,479
Speaker 2: in debt. DirectTV, which is owned by AT and T

138
00:07:09,560 --> 00:07:12,720
Speaker 2: and joint venture partner TPG what had become the largest

139
00:07:12,720 --> 00:07:16,800
Speaker 2: PayTV provider in the US with about eighteen million subscribers.

140
00:07:17,240 --> 00:07:20,080
Speaker 1: Awesome stocks on the move this morning, Nathan gap It

141
00:07:20,240 --> 00:07:23,200
Speaker 1: is up more than fourteen percent, the operator of Old

142
00:07:23,280 --> 00:07:26,400
Speaker 1: Navy and Athleta, raising its full year outlook for sales.

143
00:07:26,440 --> 00:07:29,239
Speaker 1: The apparel retailer says all of its brands are gaining

144
00:07:29,280 --> 00:07:30,000
Speaker 1: market share.

145
00:07:30,400 --> 00:07:33,239
Speaker 2: On the flip side, Karen, shares of Intuit are falling

146
00:07:33,320 --> 00:07:36,200
Speaker 2: by more than five percent. The maker of Turbo tax

147
00:07:36,320 --> 00:07:39,680
Speaker 2: tax preps software gave a sales and profit outlook for

148
00:07:39,720 --> 00:07:45,320
Speaker 2: the current quarter that fell short of analyst testaments.

149
00:07:45,320 --> 00:07:46,640
Speaker 1: Good is time now for a look at some of

150
00:07:46,640 --> 00:07:48,800
Speaker 1: the other stories making news in New York and around

151
00:07:48,840 --> 00:07:51,640
Speaker 1: the world. And for that we're joined by Bloomberg's John Tucker. John,

152
00:07:51,680 --> 00:07:53,760
Speaker 1: good morning, and Happy Friday, Karen.

153
00:07:53,800 --> 00:07:57,040
Speaker 11: The federal government, including TSA air traffic controllers in the

154
00:07:57,080 --> 00:08:01,280
Speaker 11: airline industry, they're getting ready for a record breaking Thanksgiving

155
00:08:01,280 --> 00:08:04,960
Speaker 11: holiday week. Let's get more from Washington and Bloomberg's Amy Morris.

156
00:08:05,400 --> 00:08:10,120
Speaker 12: Transportation Secretary Pete Buddhajeedge told the Senate Appropriations Committee that

157
00:08:10,160 --> 00:08:13,280
Speaker 12: the regulations put in place in the past four years

158
00:08:13,600 --> 00:08:16,800
Speaker 12: are supported by passengers pretty much across the board.

159
00:08:16,920 --> 00:08:21,280
Speaker 13: The public has been universally supportive. Any airline that failed

160
00:08:21,320 --> 00:08:26,360
Speaker 13: to proactively offer refunds to passengers could be in violation

161
00:08:26,560 --> 00:08:27,400
Speaker 13: of federal law.

162
00:08:27,680 --> 00:08:31,559
Speaker 12: The CEOs of Delta and Southwest Airlines say they hope

163
00:08:31,560 --> 00:08:34,720
Speaker 12: the government will be more pro business when President elected

164
00:08:34,760 --> 00:08:38,800
Speaker 12: Donald Trump returns to office in Washington. Amy Morris Bloomberg Radio.

165
00:08:38,960 --> 00:08:42,560
Speaker 11: Senator doob Casey, part of the Democratic political dynasty, has

166
00:08:42,640 --> 00:08:46,400
Speaker 11: conceded to his Republican opponent, David McCormick and the Pennsylvania

167
00:08:46,440 --> 00:08:49,480
Speaker 11: Senate race, a race that was so close it triggered

168
00:08:49,520 --> 00:08:52,760
Speaker 11: a recount. McCormick was declared the winner by the Associated

169
00:08:52,800 --> 00:08:55,760
Speaker 11: Press earlier this month, until the state ordered the recount

170
00:08:55,800 --> 00:08:58,240
Speaker 11: because the margin was less than one point five percent.

171
00:08:58,640 --> 00:09:02,520
Speaker 11: The Commonwealth Secretary said this was only the eighth time

172
00:09:02,679 --> 00:09:05,520
Speaker 11: that the recount provision was triggered since two thousand and four,

173
00:09:05,880 --> 00:09:08,960
Speaker 11: when the state law was passed. A flash drought that

174
00:09:09,120 --> 00:09:11,640
Speaker 11: has taken hold of much of the US is threatening

175
00:09:11,679 --> 00:09:14,960
Speaker 11: to push beef prices higher and could damage winter weak

176
00:09:14,960 --> 00:09:17,880
Speaker 11: crops across the Great Plains. The amount of land affected

177
00:09:17,880 --> 00:09:21,400
Speaker 11: by all classes of drought increase through October across the

178
00:09:21,400 --> 00:09:24,360
Speaker 11: country now covers more than forty five percent of the

179
00:09:24,440 --> 00:09:28,199
Speaker 11: contiguous US. While the dryness in the East has led

180
00:09:28,240 --> 00:09:31,520
Speaker 11: to wildfires and water shortages, it's the drought across the

181
00:09:31,559 --> 00:09:34,480
Speaker 11: Great Planes that has led to higher beef prices and

182
00:09:34,559 --> 00:09:38,240
Speaker 11: more than sixty years after President John F. Kennedy was assassinated,

183
00:09:38,280 --> 00:09:42,439
Speaker 11: conspiracy theories still swirl. President Like Donald Trump, promised during

184
00:09:42,480 --> 00:09:45,440
Speaker 11: his re election campaign he would dig classify all the

185
00:09:45,480 --> 00:09:50,760
Speaker 11: remaining government records surrounding the assassination. Today's sixty first anniversary

186
00:09:50,840 --> 00:09:53,600
Speaker 11: will be marked with a moment of silence in Dally Plaza,

187
00:09:53,920 --> 00:09:57,720
Speaker 11: where Kennedy's MOTORCID was passing through but he was fatally shot.

188
00:09:58,040 --> 00:10:00,360
Speaker 11: Global News twenty four hours a day, whenever you wanted

189
00:10:00,400 --> 00:10:03,840
Speaker 11: with Bloomberg News. Now, I'm John Tucker. This is Bloomberg Karen.

190
00:10:04,280 --> 00:10:11,040
Speaker 1: All right, John Tucker, thank you time now for the

191
00:10:11,040 --> 00:10:14,120
Speaker 1: Bloomberg Sports Update. Bronkie you by Tri State Odie. Here's

192
00:10:14,200 --> 00:10:16,239
Speaker 1: John stash Hour, John, Good morning.

193
00:10:16,040 --> 00:10:16,760
Speaker 3: Good morning, Karen.

194
00:10:16,800 --> 00:10:18,800
Speaker 14: The Yankees in their history have won more than their

195
00:10:18,880 --> 00:10:21,920
Speaker 14: share of MVP awards. Jogi Bart won three, Roger Morris

196
00:10:21,960 --> 00:10:24,720
Speaker 14: and Alex Rodriguez two, but only once Mickey Mantle and

197
00:10:24,760 --> 00:10:27,920
Speaker 14: his triple crown season of nineteen fifty six had a

198
00:10:28,000 --> 00:10:31,760
Speaker 14: Yankee won the MVP unanimously. Aaron Judge got every vote

199
00:10:31,760 --> 00:10:33,880
Speaker 14: after a season where he hit three twenty two with

200
00:10:33,920 --> 00:10:36,520
Speaker 14: fifty eight home runs and what Judge was most pleased

201
00:10:36,559 --> 00:10:39,720
Speaker 14: with one hundred and forty four RBIs eeach offseason.

202
00:10:39,880 --> 00:10:41,840
Speaker 11: I try to like look back on the season and

203
00:10:41,920 --> 00:10:43,680
Speaker 11: see where I could try to improve and get better

204
00:10:43,679 --> 00:10:46,360
Speaker 11: for the next season. And that's one aspect of my

205
00:10:46,400 --> 00:10:48,200
Speaker 11: game I wanted to improve on, is they're driving more

206
00:10:48,240 --> 00:10:50,360
Speaker 11: runs in and it definitely helps when you got a

207
00:10:50,400 --> 00:10:51,560
Speaker 11: lot of guys on base in front of you.

208
00:10:51,679 --> 00:10:54,800
Speaker 14: Judge on y ESPN Jowyo TONI won NL MVP. That

209
00:10:54,920 --> 00:10:58,240
Speaker 14: was also unanimous. Upset in the NFL. Cleveland came in

210
00:10:58,280 --> 00:11:00,680
Speaker 14: two and eight Pittsburgh eight and two. The Brown's early

211
00:11:00,679 --> 00:11:03,400
Speaker 14: fourth quarter took a twelve point lead the Steelers rally

212
00:11:03,440 --> 00:11:05,520
Speaker 14: they hadn't scored a touchdown in the last seven quarters.

213
00:11:05,559 --> 00:11:08,600
Speaker 14: They scored two tds in a minute forty two and

214
00:11:08,679 --> 00:11:11,640
Speaker 14: led by one, but the Browns drove and scored in

215
00:11:11,679 --> 00:11:14,400
Speaker 14: a heavy snowstorm with a minute left to win.

216
00:11:14,440 --> 00:11:15,400
Speaker 3: Twenty four to nineteen.

217
00:11:15,480 --> 00:11:18,240
Speaker 14: Daniel Jones won only three games over the last two seasons.

218
00:11:18,320 --> 00:11:20,960
Speaker 14: He admitted in a prepared statement, that's why he's no

219
00:11:21,040 --> 00:11:22,920
Speaker 14: longer the giants starting quarterback.

220
00:11:23,160 --> 00:11:25,320
Speaker 15: There have been some great times, but of course we

221
00:11:25,360 --> 00:11:27,600
Speaker 15: all wish there'd been more of those. I take full

222
00:11:27,640 --> 00:11:31,720
Speaker 15: responsibility for my part in not bringing more wins. No

223
00:11:31,760 --> 00:11:34,560
Speaker 15: one wanted to win those win more games worse than me,

224
00:11:35,600 --> 00:11:37,200
Speaker 15: and I gave everything I had on the field and

225
00:11:37,200 --> 00:11:38,040
Speaker 15: in my preparations.

226
00:11:38,040 --> 00:11:40,439
Speaker 14: Almost certain Jones won't play for the Giants again. Spent

227
00:11:40,520 --> 00:11:43,360
Speaker 14: part of yesterday's practice on the scout team playing safety.

228
00:11:43,480 --> 00:11:46,240
Speaker 14: Rangers lost three to two in Calgary. Devils beat Carolina

229
00:11:46,280 --> 00:11:48,600
Speaker 14: four to two. Islanders lost two one at Detroit, heartbreak

230
00:11:48,640 --> 00:11:51,600
Speaker 14: for Saint John's. In the Bahamas, the Red Storm led

231
00:11:51,640 --> 00:11:54,400
Speaker 14: Baylor by fourteen at the half and by five with

232
00:11:54,559 --> 00:11:57,520
Speaker 14: eighteen seconds left in the second overtime. Baylor won with

233
00:11:57,559 --> 00:12:00,520
Speaker 14: a three pointer at the Buzzer Seaton Hall on Charleston,

234
00:12:00,559 --> 00:12:03,000
Speaker 14: South Carolina one in overtime over VCU.

235
00:12:03,440 --> 00:12:06,199
Speaker 3: John Stashiyaway Bloomberg Sports Karen and Nathan.

236
00:12:08,320 --> 00:12:12,440
Speaker 16: Coast to Coast on Bloomberg Radio Nationwide on Sirius XM

237
00:12:12,520 --> 00:12:15,440
Speaker 16: and around the world on Bloomberg dot Com and the

238
00:12:15,480 --> 00:12:19,520
Speaker 16: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm

239
00:12:19,600 --> 00:12:20,240
Speaker 16: Nathan Hager.

240
00:12:20,360 --> 00:12:24,360
Speaker 2: Gates out Bondi in president like Donald Trump is named

241
00:12:24,400 --> 00:12:28,280
Speaker 2: former Florida Attorney General Pam Bondi to be his attorney general,

242
00:12:28,679 --> 00:12:31,640
Speaker 2: hours after Matt Gates abruptly pulled himself from the running,

243
00:12:31,679 --> 00:12:34,439
Speaker 2: saying he didn't want to be a distraction. But Republican

244
00:12:34,520 --> 00:12:37,360
Speaker 2: Senator Kevin Kramer says Gates just didn't have the votes.

245
00:12:37,800 --> 00:12:41,760
Speaker 5: Simple math. I think it was made clear that there's

246
00:12:41,760 --> 00:12:44,079
Speaker 5: not a path, and if there's not a path, you

247
00:12:44,600 --> 00:12:47,080
Speaker 5: just spent a lot of political capital for a losing cause.

248
00:12:47,280 --> 00:12:50,080
Speaker 2: Republican Kevin Kramer there on the shifting deck chairs in

249
00:12:50,160 --> 00:12:53,080
Speaker 2: the Trump cabinet decision making for more. We are joined

250
00:12:53,120 --> 00:12:56,680
Speaker 2: by Bloomberg's Kevin Whitelaw and Kevin So Matt Gates is

251
00:12:56,800 --> 00:13:00,679
Speaker 2: off the scene. But Pam Bondi maybe Florida's former attorney general,

252
00:13:00,679 --> 00:13:02,880
Speaker 2: but a pretty familiar name inside the belwayh is someone

253
00:13:03,120 --> 00:13:05,160
Speaker 2: very loyal to this incoming president.

254
00:13:05,200 --> 00:13:07,079
Speaker 3: Good morning, Hey, good morning.

255
00:13:07,160 --> 00:13:10,360
Speaker 17: Yeah, you know, with with Pam Bondi, she's picking someone

256
00:13:10,400 --> 00:13:14,400
Speaker 17: who's whose qualifications are a lot more straightforward for the

257
00:13:14,480 --> 00:13:17,400
Speaker 17: job than than Matt Matt Cates's ever were. You know,

258
00:13:17,480 --> 00:13:20,800
Speaker 17: she served eight years as Attorney general in Florida and

259
00:13:21,080 --> 00:13:23,280
Speaker 17: has a legal career on both ends of that. But

260
00:13:23,559 --> 00:13:27,280
Speaker 17: she also served as as part of Trump's impeachment defense,

261
00:13:27,480 --> 00:13:30,160
Speaker 17: was was you know, connected to various parts of his

262
00:13:30,240 --> 00:13:33,880
Speaker 17: first term, and has worked at a think tank associated

263
00:13:33,880 --> 00:13:37,319
Speaker 17: with him, and been both basically a staunch loyalist in

264
00:13:37,800 --> 00:13:41,760
Speaker 17: TV appearances and and other other venues throughout you know,

265
00:13:41,880 --> 00:13:45,120
Speaker 17: basically the whole time. So, yeah, he's he's still picking

266
00:13:45,160 --> 00:13:47,640
Speaker 17: someone who he feels is going to be loyal to him,

267
00:13:47,720 --> 00:13:50,680
Speaker 17: is going to carry out his agenda. But she does

268
00:13:50,760 --> 00:13:53,840
Speaker 17: have much more extensive legal experience and and you know,

269
00:13:53,960 --> 00:13:57,280
Speaker 17: has obviously served in a similar kind of role for

270
00:13:57,320 --> 00:13:58,439
Speaker 17: the state of Florida.

271
00:13:58,679 --> 00:14:01,760
Speaker 2: The attorney general position and is typically seen as having

272
00:14:01,760 --> 00:14:05,200
Speaker 2: a firewall between the Justice Department and the White House.

273
00:14:05,360 --> 00:14:08,920
Speaker 2: Could Pam Bondi's ties to former President Trump be a

274
00:14:09,000 --> 00:14:11,000
Speaker 2: hindrance once she faced the Senate confirmation.

275
00:14:12,160 --> 00:14:14,160
Speaker 17: I mean, I think at this point, given the fact

276
00:14:14,160 --> 00:14:16,080
Speaker 17: that she is qualified, and given the fact that the

277
00:14:16,080 --> 00:14:18,719
Speaker 17: Senate already made it clear that that they weren't to

278
00:14:18,840 --> 00:14:20,280
Speaker 17: be able to take the first one. I think her

279
00:14:20,280 --> 00:14:22,960
Speaker 17: path is probably a lot clearer, although obviously it's still

280
00:14:23,000 --> 00:14:26,120
Speaker 17: early days to sort of figure that one out. It

281
00:14:26,200 --> 00:14:28,600
Speaker 17: doesn't seem to, you know, from what we've seen so far,

282
00:14:28,640 --> 00:14:31,680
Speaker 17: that Republicans are all that concerned about sort of that

283
00:14:31,720 --> 00:14:35,920
Speaker 17: loyalty factor. But I definitely think that for Democrats there's

284
00:14:35,960 --> 00:14:39,400
Speaker 17: an enormous amount of concern that the traditional sort of

285
00:14:39,400 --> 00:14:44,360
Speaker 17: boundaries of a you know, slightly independent Justice Department are

286
00:14:44,480 --> 00:14:48,080
Speaker 17: not going to be in place under a Trump administration.

287
00:14:48,200 --> 00:14:50,280
Speaker 17: But I think that's probably true almost no matter who

288
00:14:50,280 --> 00:14:50,680
Speaker 17: he picks.

289
00:14:50,960 --> 00:14:52,920
Speaker 2: Now, if mag Gates didn't have the support from Senate

290
00:14:52,920 --> 00:14:55,760
Speaker 2: Republicans on Capitol Hill, could some of Trump's other cabinet

291
00:14:55,800 --> 00:14:57,320
Speaker 2: picks be watching their back now?

292
00:14:58,320 --> 00:14:58,480
Speaker 5: Well?

293
00:14:58,520 --> 00:15:01,640
Speaker 17: Yeah, I mean I do think that there's clearly some

294
00:15:01,720 --> 00:15:05,600
Speaker 17: questions surrounding his choice to run the Pentagon. Pete hedg Seth,

295
00:15:06,000 --> 00:15:08,800
Speaker 17: I think the the the some of the allegations that

296
00:15:08,800 --> 00:15:13,760
Speaker 17: have started to come out, including a police report about uh, uh,

297
00:15:14,160 --> 00:15:20,280
Speaker 17: you know, a possible sort of uh encounter, are definitely

298
00:15:20,320 --> 00:15:23,800
Speaker 17: something that that uh that is worrying a number of

299
00:15:23,960 --> 00:15:26,600
Speaker 17: Republican senators I don't. I'm not. It's not clear yet

300
00:15:26,600 --> 00:15:28,880
Speaker 17: they're ready to block him over that, but it is

301
00:15:28,960 --> 00:15:31,200
Speaker 17: going to give them cause for concern. I also think

302
00:15:31,600 --> 00:15:35,440
Speaker 17: Telsea Gabbert's nomination for Director of National Intelligence has raised

303
00:15:35,440 --> 00:15:38,800
Speaker 17: some some concerns given given some of the statements she's

304
00:15:38,840 --> 00:15:42,680
Speaker 17: made about Russia and Syria and other things. So unclear

305
00:15:42,720 --> 00:15:46,160
Speaker 17: as to whether they'll they'll muster any kind of objection.

306
00:15:46,440 --> 00:15:46,600
Speaker 13: Uh.

307
00:15:46,680 --> 00:15:49,200
Speaker 17: You know, Trump does have a margin of a couple

308
00:15:49,240 --> 00:15:54,480
Speaker 17: of senators, so it does take basically four senators would

309
00:15:54,480 --> 00:15:57,160
Speaker 17: have to vote no to to to deny him any

310
00:15:58,040 --> 00:16:02,040
Speaker 17: confirming his nomination. That may be, you know, tough to assemble,

311
00:16:02,120 --> 00:16:06,920
Speaker 17: given you know, the Republican's desire to support Donald Trump.

312
00:16:07,280 --> 00:16:10,600
Speaker 2: Still a lot to watch as the cabinet filling continues.

313
00:16:10,760 --> 00:16:14,120
Speaker 2: Thanks Kevin for Bloomberg's Kevin whitelaw there with us this morning.

314
00:16:14,200 --> 00:16:17,320
Speaker 1: Karen, Well, Nathan, we want to turn now to our

315
00:16:17,360 --> 00:16:20,920
Speaker 1: discussion with Citadel founder Ken Griffin. Griffin sat down with

316
00:16:20,960 --> 00:16:23,480
Speaker 1: Bloombergs and Ally Bassek at the Economic Club of New

317
00:16:23,560 --> 00:16:26,520
Speaker 1: York discussing a range of topics, including the election and

318
00:16:26,600 --> 00:16:28,720
Speaker 1: President elect Trump's economic proposals.

319
00:16:28,880 --> 00:16:29,720
Speaker 3: Let's listen in.

320
00:16:29,880 --> 00:16:36,520
Speaker 18: The American voters have said resoundingly and immigration inflation are

321
00:16:36,600 --> 00:16:39,680
Speaker 18: two of the most critical problems that our country faces,

322
00:16:40,240 --> 00:16:42,800
Speaker 18: and immigration is an area that the Trump administration is

323
00:16:42,800 --> 00:16:45,960
Speaker 18: going to be very focused on, and it's an area

324
00:16:45,960 --> 00:16:49,840
Speaker 18: of real concern to me because much of our nation's

325
00:16:49,880 --> 00:16:54,560
Speaker 18: success is rooted in our ability to attract the best

326
00:16:54,600 --> 00:16:58,440
Speaker 18: and brightest from around the world to work for American

327
00:16:58,480 --> 00:17:00,720
Speaker 18: firms and to start American firms.

328
00:17:01,600 --> 00:17:03,280
Speaker 3: Roughly half of all the firms in.

329
00:17:03,280 --> 00:17:05,120
Speaker 18: The Silicon Valley that have been launched in the last

330
00:17:05,160 --> 00:17:09,880
Speaker 18: twenty years are led by immigrants, and I would say

331
00:17:09,960 --> 00:17:15,840
Speaker 18: roughly the majority of Citadel's leadership team is immigrants. These

332
00:17:15,920 --> 00:17:19,120
Speaker 18: people that have come to this country, they've left everything

333
00:17:19,200 --> 00:17:22,840
Speaker 18: behind because they believe in the American dream and the

334
00:17:22,880 --> 00:17:27,240
Speaker 18: opportunity that our country represents. And yet I think everyone

335
00:17:27,320 --> 00:17:32,959
Speaker 18: agrees that the chaos on the southern border represents a

336
00:17:33,000 --> 00:17:36,800
Speaker 18: broken immigration policy where there's very little control over who

337
00:17:36,880 --> 00:17:40,240
Speaker 18: comes into our country, whether they come here to pursue

338
00:17:40,240 --> 00:17:43,640
Speaker 18: the American dreamer for more nefarious reasons. I think there's

339
00:17:43,800 --> 00:17:48,040
Speaker 18: widespread agreement across our country that we need to secure

340
00:17:48,040 --> 00:17:50,720
Speaker 18: our southern border and that we need a far more

341
00:17:50,920 --> 00:17:55,000
Speaker 18: orderly structure for immigration to America. So this has been

342
00:17:55,000 --> 00:18:00,000
Speaker 18: a really important voice that the American voters have delivered

343
00:18:00,200 --> 00:18:03,879
Speaker 18: to Washington, and I'm pleased to see that pure that voice,

344
00:18:03,880 --> 00:18:07,560
Speaker 18: But I'd like to see Washington now execute on an

345
00:18:07,600 --> 00:18:14,280
Speaker 18: immigration policy that is thoughtful, that protects this nation's great

346
00:18:14,359 --> 00:18:18,040
Speaker 18: stature in the world of being the country you come

347
00:18:18,119 --> 00:18:19,600
Speaker 18: to pursue your dreams.

348
00:18:20,280 --> 00:18:22,600
Speaker 19: Prior to the election, you have a Committee for the

349
00:18:22,640 --> 00:18:25,960
Speaker 19: Responsible Federal Oral Budget saying that you would really have

350
00:18:26,040 --> 00:18:29,680
Speaker 19: an administration with the proposed policies ahead that would add

351
00:18:29,680 --> 00:18:32,280
Speaker 19: seven point five trillion dollars to the national debt over

352
00:18:32,280 --> 00:18:37,160
Speaker 19: the next decade. How do you start to trim that sat?

353
00:18:37,280 --> 00:18:39,639
Speaker 19: I mean, how do you start to bring that number down?

354
00:18:40,080 --> 00:18:41,080
Speaker 3: So here's the question.

355
00:18:41,359 --> 00:18:46,480
Speaker 18: How much did both candidates run on a strategy of

356
00:18:46,640 --> 00:18:50,480
Speaker 18: promise the world and then deliver reality post election?

357
00:18:51,480 --> 00:18:53,280
Speaker 3: I mean, neither party had.

358
00:18:53,200 --> 00:18:55,520
Speaker 18: A compelling story as to how they were going to

359
00:18:55,520 --> 00:18:58,920
Speaker 18: put America's physical house order. And I think it's very

360
00:18:58,920 --> 00:19:03,640
Speaker 18: difficult to have judged either Vice President Harris or President

361
00:19:03,720 --> 00:19:06,840
Speaker 18: Trump on the merits of their economic policy because neither

362
00:19:07,040 --> 00:19:11,760
Speaker 18: set forth a plan that was substantive, tangible, and would

363
00:19:11,800 --> 00:19:13,119
Speaker 18: achieve the results that we need for.

364
00:19:13,160 --> 00:19:16,200
Speaker 3: The American people. I think that's part of the reason.

365
00:19:16,000 --> 00:19:18,639
Speaker 18: That, for example, the Secretary of Treasure is so important,

366
00:19:19,240 --> 00:19:21,520
Speaker 18: the role of the Senate, the role of the House.

367
00:19:22,480 --> 00:19:25,560
Speaker 18: We're going to have to see the Republicans govern and

368
00:19:25,640 --> 00:19:30,600
Speaker 18: make some very difficult decisions about where to cut what

369
00:19:30,720 --> 00:19:35,560
Speaker 18: tax cuts, if any happen or are maintained. We've got

370
00:19:35,600 --> 00:19:37,960
Speaker 18: to put the fiscal house in order, and these are

371
00:19:38,080 --> 00:19:40,760
Speaker 18: really unpopular decisions for politicians to make.

372
00:19:41,720 --> 00:19:44,040
Speaker 19: A big part of that seven point five trillion dollar

373
00:19:44,200 --> 00:19:48,000
Speaker 19: projection really does come from tax cuts, more than you've

374
00:19:48,000 --> 00:19:50,840
Speaker 19: seen in twenty seventeen. Do you think any of those

375
00:19:50,960 --> 00:19:54,280
Speaker 19: can get done with where the deficit stands today? Of course,

376
00:19:54,680 --> 00:19:57,719
Speaker 19: this administration is very different than when we saw Trump

377
00:19:57,800 --> 00:20:00,800
Speaker 19: back then, given the size of the de to sit ballooning.

378
00:20:01,359 --> 00:20:06,359
Speaker 18: So in both scenarios, Trump has inherited the following problem.

379
00:20:07,040 --> 00:20:12,160
Speaker 18: American productivity is below where it needs to be for

380
00:20:12,320 --> 00:20:15,639
Speaker 18: us to make the to deliver on the promises that

381
00:20:15,680 --> 00:20:18,640
Speaker 18: we have delivered to our retirees in our forthcoming retirees.

382
00:20:19,720 --> 00:20:22,880
Speaker 18: There's no way out of our current situation in terms

383
00:20:22,880 --> 00:20:25,719
Speaker 18: of the promises that we've made. Other than to get

384
00:20:25,720 --> 00:20:30,320
Speaker 18: American productivity. I think in the first set of tax cuts,

385
00:20:31,240 --> 00:20:33,320
Speaker 18: and to be clear, I think Trump made a bet

386
00:20:33,440 --> 00:20:38,920
Speaker 18: if we cut taxes, if we incentivize corporations and investors

387
00:20:38,960 --> 00:20:41,480
Speaker 18: to take more risk, to put more money into R

388
00:20:41,520 --> 00:20:44,080
Speaker 18: and D, to put more money to capital, to put

389
00:20:44,119 --> 00:20:47,600
Speaker 18: more money into software, and to modernize their businesses, we

390
00:20:47,640 --> 00:20:51,200
Speaker 18: will get the productivity gains that we need. Now, we'll

391
00:20:51,200 --> 00:20:53,280
Speaker 18: never know the answer to that because the pandemic had

392
00:20:53,320 --> 00:20:54,120
Speaker 18: shortly thereafter.

393
00:20:55,000 --> 00:20:55,919
Speaker 3: We just won't know.

394
00:20:56,800 --> 00:20:59,159
Speaker 18: And then the Biden administration. I think one of the

395
00:20:59,200 --> 00:21:03,240
Speaker 18: real challenges for American business is the Biden administration was

396
00:21:03,400 --> 00:21:10,159
Speaker 18: four years of extremely difficult regulatory policy and an extremely

397
00:21:10,280 --> 00:21:16,160
Speaker 18: activist both DOJ and FTC that really struck at the

398
00:21:16,200 --> 00:21:20,880
Speaker 18: core of America's competitiveness and our ability to increase productivity.

399
00:21:21,680 --> 00:21:24,280
Speaker 18: So the big problem is we've got to get Partica

400
00:21:24,320 --> 00:21:27,240
Speaker 18: to be growing. I don't think we have the fiscal

401
00:21:27,400 --> 00:21:32,320
Speaker 18: room to cut taxes from where they are today, and

402
00:21:32,400 --> 00:21:35,000
Speaker 18: I think there's a real question about where do we

403
00:21:35,040 --> 00:21:38,200
Speaker 18: need to raise taxes to start to put our house

404
00:21:38,240 --> 00:21:38,640
Speaker 18: in order.

405
00:21:38,840 --> 00:21:41,600
Speaker 19: You said just a couple of days ago, you're anxious

406
00:21:41,760 --> 00:21:44,639
Speaker 19: about the president elects willingness to engage in tariffs as

407
00:21:44,640 --> 00:21:47,760
Speaker 19: a matter of trade policy. What does the economy look

408
00:21:47,840 --> 00:21:51,520
Speaker 19: like if he's successful in carrying out the policy that

409
00:21:51,600 --> 00:21:52,440
Speaker 19: he campaigned on.

410
00:21:54,040 --> 00:22:00,479
Speaker 18: I am I am gravely concerned that the raw of

411
00:22:00,600 --> 00:22:06,200
Speaker 18: tariffs puts us on a slippery slope towards coroneism capital

412
00:22:07,440 --> 00:22:11,840
Speaker 18: So when you when you implement tariffs for the American

413
00:22:12,440 --> 00:22:16,800
Speaker 18: companies that produce goods in America, there's unquestionably a short

414
00:22:16,880 --> 00:22:22,160
Speaker 18: term benefit. You've just taken your competitors and severely disadvantage them.

415
00:22:23,240 --> 00:22:24,600
Speaker 3: The challenge with this and we.

416
00:22:24,520 --> 00:22:27,320
Speaker 18: Know this, We know this from the history of economics.

417
00:22:28,200 --> 00:22:32,520
Speaker 18: Those same companies that enjoy that momentary sugar rush of

418
00:22:32,640 --> 00:22:38,919
Speaker 18: having their competitors removed from the battlefield soon become complacent,

419
00:22:40,160 --> 00:22:46,400
Speaker 18: soon take for granted their newfound economic superiority, and frankly,

420
00:22:46,520 --> 00:22:50,159
Speaker 18: they become less competitive on both the world stage and

421
00:22:50,240 --> 00:22:51,840
Speaker 18: less competitive at meeting the needs of.

422
00:22:51,800 --> 00:22:52,840
Speaker 3: The American consumer.

423
00:22:53,359 --> 00:22:56,480
Speaker 18: And then, of course, once you're in this world where

424
00:22:56,520 --> 00:23:01,320
Speaker 18: companies know that their very existence is because of tariffs. No,

425
00:23:01,520 --> 00:23:04,719
Speaker 18: so the terriffs came down, they wouldn't be able to compete,

426
00:23:04,800 --> 00:23:07,840
Speaker 18: they wouldn't be able to thrive. Now You're going to

427
00:23:07,880 --> 00:23:12,520
Speaker 18: find the halls of Washington really filled with the special

428
00:23:12,560 --> 00:23:17,000
Speaker 18: interest groups and the lobbyists as people look for continued

429
00:23:17,560 --> 00:23:22,040
Speaker 18: higher and higher tariffs to keep away foreign competition and

430
00:23:22,160 --> 00:23:26,640
Speaker 18: to protect inefficient American businesses that failed to meet the

431
00:23:26,680 --> 00:23:28,200
Speaker 18: needs of the Maria consumer.

432
00:23:28,560 --> 00:23:31,960
Speaker 1: This is Bloomberg Daybreak, your morning podcast on the stories

433
00:23:32,040 --> 00:23:35,080
Speaker 1: making news from Wall Street to Washington and beyond.

434
00:23:35,320 --> 00:23:37,720
Speaker 2: Look for us on your podcast feed by six am

435
00:23:37,760 --> 00:23:41,160
Speaker 2: Eastern each morning, on Apple, Spotify, or anywhere else you listen.

436
00:23:41,359 --> 00:23:44,240
Speaker 1: You can also listen live each morning starting at five

437
00:23:44,280 --> 00:23:46,960
Speaker 1: am Wall Street time on Bloomberg eleven three to zero

438
00:23:46,960 --> 00:23:49,880
Speaker 1: in New York, Bloomberg in ninety nine to one in Washington,

439
00:23:49,960 --> 00:23:53,880
Speaker 1: Bloomberg ninety two nine in Boston, and nationwide on serious

440
00:23:54,080 --> 00:23:55,640
Speaker 1: XM Channel one twenty one.

441
00:23:56,040 --> 00:23:58,760
Speaker 2: Plus listen coast to coast on the Bloomberg Business app

442
00:23:58,800 --> 00:24:01,600
Speaker 2: now with Apple car Play and Android Atto interfaces.

443
00:24:01,840 --> 00:24:04,880
Speaker 1: And don't forget to subscribe to Bloomberg News Now. It's

444
00:24:04,880 --> 00:24:07,639
Speaker 1: the latest news whenever you want it in five minutes

445
00:24:07,720 --> 00:24:10,840
Speaker 1: or less. Search Bloomberg News Now on your favorite podcast

446
00:24:10,880 --> 00:24:14,560
Speaker 1: platform to stay informed all day long. I'm Karen Moscow

447
00:24:14,840 --> 00:24:17,359
Speaker 2: And I'm Nathan Hager join us again tomorrow morning for

448
00:24:17,400 --> 00:24:19,320
Speaker 2: all the news you need to start your day, right

449
00:24:19,359 --> 00:24:20,800
Speaker 2: here on Bloomberg dbreak