Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning, I'm Nathan Hager.
Speaker 1: And I'm Karen Moscow. Here are the stories we're following today.
Speaker 1: We begin with breaking news out of Russia. Ukraine has
Speaker 1: carried out its first strike in a border region within
Speaker 1: Russian territory with a US made missile. This is according
Speaker 1: to RBC Ukraine, citing an official in the nation's military.
Speaker 1: The news came as Russian President Vladimir Putin approved a
Speaker 1: change to the country's nuclear doctrine that allows for the
Speaker 1: expanded use of weapons. According to a document published by
Speaker 1: the Kremlin, the updated doctrine includes a possibility of a
Speaker 1: nuclear response to aggression by non nuclear states that is
Speaker 1: supported by other nuclear powers.
Speaker 3: And beget more from Bloomberg's Bill Ferries.
Speaker 4: Throughout this, you know, throughout this conflict, we've seen him
Speaker 4: raise the specter of nuclear weapons as a thread against
Speaker 4: the West.
Speaker 3: It's worth noting that.
Speaker 4: You know, it's if China has any real red lines
Speaker 4: and its support for Russia, one of them has been
Speaker 4: no first use of nuclear weapons. So if Putin went
Speaker 4: that far, there'd obviously be a whole range of consequences,
Speaker 4: but he would potentially be putting his biggest backer in
Speaker 4: a very difficult position as well. But I think, yes,
Speaker 4: I think this latest maneuver. I think it's his way
Speaker 4: of providing a response, a quick response to what appears
Speaker 4: to be Ukraine's use of these weapons now.
Speaker 1: Bloomberg's Bill Ferries ads that the changes also say Russia
Speaker 1: may use nuclear weapons upon receiving information about a launch
Speaker 1: of ballistic missiles attacking Russia or its allies.
Speaker 2: And staying with geopolitics, Karen, Day two of the G
Speaker 2: twenty Leader Summit gets underway this morning in Brazil.
Speaker 5: Bloomberg's David Gora is there.
Speaker 6: With the latest US President, Joe Biden is focused on
Speaker 6: his legacy and on the work he's done and continues
Speaker 6: to do on climate in the war in Ukraine. But
Speaker 6: Biden has only a few weeks left in office before
Speaker 6: Donald Trump returns to the White House, and that has
Speaker 6: diminished his role here at the G twenty summit in
Speaker 6: Rio de Janeiro, Biden is not holding many one on
Speaker 6: one meetings with other world leaders, and he seated much
Speaker 6: of the spotlight to other heads of state. Biden even
Speaker 6: missed the G twenty photo shoot, a highly choreographed moment
Speaker 6: along with Prime Ministers Justin Trudeau and Georgia Maloney. David
Speaker 6: Gura Bloomberg Radio shandio.
Speaker 1: All right, David, thank you back here in the US.
Speaker 1: President like Donald Trump, may be getting closer to a
Speaker 1: decision on the next Treasury secretary, sources Tol Bloomberg News.
Speaker 3: His team is thinking of pairing Kevin.
Speaker 1: Worsh in the Treasury role, but Scott Bessen as head
Speaker 1: of the National Economic Council. Bloomberg's Ferry Valerie Titel has
Speaker 1: more on Worsh.
Speaker 7: He is a former FED governor. He was also rumored
Speaker 7: to be picked for the FED chair in twenty seventeen,
Speaker 7: but Trump was swayed by his then Treasury secretary to
Speaker 7: go for Powell instead, a move that he has said
Speaker 7: that he now regrets.
Speaker 1: Plumber's Valerie Tiitewer reports there's some concern about whether Warsh
Speaker 1: would be loyal enough to Trump's economic agenda. He wrote
Speaker 1: a twenty eleven op ed with Jeb Bush warning of
Speaker 1: the quote rising tide of economic protectionism. Meantime, Nathan, there
Speaker 1: are more signs one of Trump's confirmed cabinet picks will
Speaker 1: face a tough confirmation process. Senators from both sides of
Speaker 1: the Aisle are demanding more information on the House Ethics
Speaker 1: probe and to Matt Gates, Trump's choice to be Attorney General.
Speaker 1: Gates is accused of sexual misconduct and illicit drug use,
Speaker 1: though he's denied wrongdoing. Speaker Mike Johnson insists the panel's
Speaker 1: report should be kept confidential.
Speaker 8: To use the House's resources in a manner that is
Speaker 8: virtually unprecedented, I think is a breach of protocol.
Speaker 1: Still, the top Republican on the Senate Judiciary Committee says
Speaker 1: he expects the women who spoke to the Ethics Panel
Speaker 1: behind closed doors will testify before them.
Speaker 3: The committee will.
Speaker 1: Meet tomorrow to discuss how to handle its report. Axio
Speaker 1: supports President elect Trump has been calling senators personally oring
Speaker 1: them to support Gates and Karin.
Speaker 2: The president's elect has also confirmed his plan to use
Speaker 2: the US military as part of a mass deportation program.
Speaker 2: We get more on that from Bloomberg's Amy Morris.
Speaker 9: In Washington, Trump wrote true on his Truth social network
Speaker 9: in a reply to a post from the president of
Speaker 9: the conservative legal group Judicial Watch, who said Trump was
Speaker 9: reportedly prepared to declare a national emergency and use military
Speaker 9: assets for a mass deportation program. While on the campaign trail,
Speaker 9: Trump did pledge to secure the border with Mexico by
Speaker 9: finishing construction of a wall and carrying out mass deportations.
Speaker 9: Trump and his team have not outlined how they'll carry
Speaker 9: this out. It will take substantial funding from Congress and
Speaker 9: cooperation from other countries. It may face legal challenges in Washington.
Speaker 9: Amy Morris Bloomberg Radio.
Speaker 3: All right, Amy, thank you well.
Speaker 1: Hedge Fund titan Ken Griffin says he's quote very anxious
Speaker 1: about Donald Trump's potential tariff policies. Speaking to the UK's
Speaker 1: Oxford Union, the Citadel founder and Publican donor said tariffs
Speaker 1: are a long, slippery slope that can be profitable in
Speaker 1: the short run, but damaging to US company's ability to compete.
Speaker 3: Globally in the long run.
Speaker 1: Morgan Stanley's CEO also voice concerns about the changing economic
Speaker 1: environment for business. Here's what Ted Pick told the HKMA
Speaker 1: Global Financial Leaders Summit.
Speaker 10: In a sense, there is an inflationary backdrop, and there
Speaker 10: is now the additional complication of the potential for tars
Speaker 10: and actually net emigration also would be inflationary.
Speaker 3: As for geopolitics.
Speaker 1: Morgan Stanley's Ted Pigs said there was still need for
Speaker 1: a greater transparency in Chinese regulations and policymaking.
Speaker 3: But on Legal news, top anti.
Speaker 1: Trust officials said the Justice Department have decided to ask
Speaker 1: a federal judge to force Google to sell off its
Speaker 1: Chrome browser. Begin more with Bloomberg's Doug Chrisner.
Speaker 11: We're told the DOJ we'll ask federal judge Ahmic Meta
Speaker 11: to also require measures related to artificial intelligence and Google's
Speaker 11: Android smartphone operating system. Meta is the same judge who
Speaker 11: ruled back in August that Google illegally monopolized the search market.
Speaker 11: The DOJ officials, along with states that have joined the case,
Speaker 11: also plan to recommend Meta imposed data licensing requirements, and
Speaker 11: if Meta accepts these proposals, they have the potential to
Speaker 11: reshape the online search market and the developing AI industry.
Speaker 11: By the way, this case was filed under the first
Speaker 11: Trump administration and continued under President Biden. In New York,
Speaker 11: I'm Doug Prisner, Bloomberg Radio.
Speaker 2: Doug, thank you. We get earnings this morning from the
Speaker 2: world's biggest retailer. Bloomberg's Tom Busby's here with the preview
Speaker 2: on what investors are looking for from Walmart.
Speaker 12: With a lot of Americans pulling back on their discretionary
Speaker 12: spending this past quarter, investors expect Walmart's core shoppers and newer,
Speaker 12: higher earning customers to give a boost the sales of
Speaker 12: groceries and other essentials. Also in focus the outlook for
Speaker 12: holiday spending and consumer health. Bloomberg consensus calls for comp
Speaker 12: sales at US Walmart stores to rise one point two percent,
Speaker 12: so one hundred and sixty seven point five to one billion,
Speaker 12: and adjusted earnings per share of fifty three cents.
Speaker 5: Tom buzzby Bloomberg.
Speaker 3: Radio, All right, Tom, thanks.
Speaker 1: Another company News shares a super a super Micro computer
Speaker 1: searching twenty nine percent in the pre market. The server
Speaker 1: maker says it has hired a new auditor, Bdousa, and
Speaker 1: found a plan to come into compliance with Nasdaq listing requirements.
Speaker 1: Super Micro is facing a Department of Justice probe, and
Speaker 1: last month it's auditor, Ernst and Young resigned, citing concerns
Speaker 1: over super Micro's transparency and governance. Shares of tumbled more
Speaker 1: than eighty five percent from a peak in March.
Speaker 2: And Karen Blackstone may be hungry for an acquisition. Bloomberg
Speaker 2: News has learned the New York based money Manager's close
Speaker 2: to an agreement to buy the sandwich chain Jersey Mike's
Speaker 2: for about eight billion dollars, including debt.
Speaker 3: Five thirty two.
Speaker 1: On Wall Street, we bring in John Tucker now with more.
Speaker 1: What else is going on to New York and around
Speaker 1: the world?
Speaker 13: John, Yeah, Good morning, Karen. New York City has issued
Speaker 13: its first drought warning and twenty two years. It comes
Speaker 13: after months of little rain and is going to restart
Speaker 13: the flow of drinking water from an out of service
Speaker 13: aqueduct as supplies run low. Dry conditions across the Northeast
Speaker 13: have been blamed for hundreds of brush fires. They'd already
Speaker 13: prompted New York City and state officials to implement water
Speaker 13: conservation protocols, where Mayor Eric Adams upgraded the drought warning
Speaker 13: and temporarily halted an aqueduct repair project that had stopped
Speaker 13: drinking water flowing from some reservoirs in the Catskill region.
Speaker 13: A stabbing rampage has left three people dead in Manhattan.
Speaker 13: It happened yesterday morning. Please say the attacks were random.
Speaker 13: A fifty two year old suspect is now in custody.
Speaker 13: Investigators are working to understand what propelled the rampage, which
Speaker 13: happened within two and a half hours. It happened across
Speaker 13: a Swatha, Manhattan, with a third fatal stabbing by the
Speaker 13: United Nations. The US is planning to make a huge
Speaker 13: investment at a new semiconductor research institute. Let's get more
Speaker 13: in this report from Bloomberg's Jeff Bellinger.
Speaker 5: The institute is a total one billion dollar investment. It
Speaker 5: will be headquartered in North Carolina and run by Semiconductor
Speaker 5: Research and Industry Consortium. It will receive funding from the
Speaker 5: twenty twenty two Chips and Science Act. The latest investment
Speaker 5: has the goal of reducing the cost and time of
Speaker 5: chip development by roughly a third. The Commerce Department says
Speaker 5: within five years. The new institute will help speed technology development,
Speaker 5: reduce the greenhouse gases associated with chip manufacturing by twenty
Speaker 5: five percent, and train more than one hundred thousand students
Speaker 5: and workers on digital twin technology. Jeff Bellinger Bloomberg Radio.
Speaker 13: Ahead of Friday's hearing on his bail, prosecutors claim that
Speaker 13: music mogul Sean Ditty Combs has been trying to contact
Speaker 13: witnesses and victims from behind bars, accusing him of trying
Speaker 13: to influence the jury pool and subvert his criminal case.
Speaker 13: Prosecutors say he offered to pay one witness if she
Speaker 13: would make a public statement of support and managing the
Speaker 13: virtual world of Roblox says becoming easier for parents with
Speaker 13: the latest platform updates, popular on game environment for kids
Speaker 13: rolling out new parental controls. Parents can now remotely change
Speaker 13: how much time their kids are playing on the platform,
Speaker 13: locked private messaging options, or even choose maturity levels that
Speaker 13: their kids are experiencing. Roadblocks is also turning off private
Speaker 13: messaging for kids under the age of thirteen. Global News
Speaker 13: twenty four hours a day and whatever you want it
Speaker 13: with Bloomberg News Now. I'm John Tucker. This is Bloomberg Karen.
Speaker 3: All right, John, thank you.
Speaker 1: Time now for the Bloomberg Sports Update, brought to you
Speaker 1: by Tri State Audie. Here's John stash Hour, John, Good morning.
Speaker 14: Good morning, Karen. It was a couple of years ago
Speaker 14: that the Giants had to make a big decision, give
Speaker 14: the big money to Daniel Jones or Saquon Barkley.
Speaker 5: They chose Jones. The decision has not gone well.
Speaker 14: Barkley's now with Philadelphia, candidate to be the NFL MVP.
Speaker 14: Jones is now the Giants third string quarterback. Coage Brian
Speaker 14: Daboll has put them on the bench Sunday against Tampa Bay.
Speaker 14: OINGQB will be Tommy DeVito.
Speaker 15: We're obviously not playing the way any of us want
Speaker 15: to play, and that's on all of us. But felt
Speaker 15: like this was a decision that we needed to make
Speaker 15: here and try to spark things, change things up, and
Speaker 15: you know, we went and did it with with Tommy Again.
Speaker 15: We spent a lot of time here over the last
Speaker 15: week of evaluating a lot of things and just felt
Speaker 15: like this was the best thing for us.
Speaker 14: DeVito did create a buzz last season when Jones was
Speaker 14: injured in New Jersey, kid living with his parents led
Speaker 14: the Giants of three straight wins. Drew Lockwell remain the
Speaker 14: backup QB. Jones cashed in into a strong twenty twenty
Speaker 14: two season, but since then thirteen interceptions, a three and
Speaker 14: thirteen record of the Giants this year two and eight,
Speaker 14: oh and five at home. Dallas Cowboys not much better
Speaker 14: three and seven, also and five at home. They're without
Speaker 14: their QB, Dak Prescott, and they just lost to Houston
Speaker 14: thirty four to ten. Joe Mixon three touchdowns for the
Speaker 14: Texans at the Garden, Knicks put up forty points to
Speaker 14: the first quarter. The route was on one thirty four
Speaker 14: to one oh six over a Washington who's lost nine
Speaker 14: in a row. The Nixts begin of five game road
Speaker 14: trip tomorrow in Phoenix. Rangers are on the road play
Speaker 14: tonight in Vancouver. The Capitals won six two at Utah
Speaker 14: two goals for Alex loveskiin Bruins fell one hundred five
Speaker 14: hundred lost at home to Columbus five to one. Luise
Speaker 14: Hill is the first Yankee pitcher to win Rookie of
Speaker 14: the Year since Dave Righetti in nineteen eighty one. He
Speaker 14: made it to the rotation due to Garrett Cole's injury,
Speaker 14: and he stayed in by winning fifteen games. Pirates Phenom
Speaker 14: Paul Skein's a runaway choice in the National League.
Speaker 5: The Hall of Fame ballot is out.
Speaker 14: Among those on it for the first time, I Chiro
Speaker 14: Suzuki and C. C. Sabathia, John Stashawa, Bloomberg Sports, Karen.
Speaker 1: Denethan, all right, John, thank you, and the Bloomberg Sports Report,
Speaker 1: Bronci you buy Audi, Visit your Tri State Audi dealer
Speaker 1: today and get behind the wheel of the Audi model
Speaker 1: you've always wanted.
Speaker 8: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 8: and around the world on Bloomberg dot Com and the
Speaker 8: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm
Speaker 8: Nathan Hager.
Speaker 2: We are seeing a risk off move in the market
Speaker 2: this morning with reports that Ukraine has carried out its
Speaker 2: first strike inside Russia with Western supplied missiles. That says
Speaker 2: Russian President Vladimir Putin has signed a new decree allowing
Speaker 2: for expanded use of nuclear weapons in response to a
Speaker 2: conventional attack. Let's bring in Bloomberg News Director for Europe,
Speaker 2: the Middle East and Africa, Rosalind Mathieson for more on this,
Speaker 2: along with Bloomberg News Senior editor Bill Ferries. It's good
Speaker 2: to have you both with us this morning as we
Speaker 2: continue monitoring these developments in the Russia Ukraine war Roz.
Speaker 2: What do we know first of all about this reported
Speaker 2: strike using Attackem's missiles.
Speaker 16: Well, what we have a Ukraine media report saying that
Speaker 16: hey kV did in fact carry out its first strike
Speaker 16: using these attackers army tactical missile systems on an ammunition
Speaker 16: dump in an area that's just pretty much over the border,
Speaker 16: about seventy seventy five miles from the border between Russia
Speaker 16: and Ukraine. So a limited action, if true, and in
Speaker 16: line with what we were hearing beforehand in terms of
Speaker 16: the US authorizing the use of these weapons for some
Speaker 16: long range strikes inside Russia, to say that they had
Speaker 16: to be kept at least for now, very much in
Speaker 16: those border areas. And these are parts of Russia where
Speaker 16: Ukrainian troops have been on the ground inside Russia fighting
Speaker 16: Russian forces, So in the realm of what you would
Speaker 16: think of as the theater in a way of this conflict.
Speaker 16: So would be a limited move, if true, but also
Speaker 16: quite quick off the back of that announcement from the
Speaker 16: US that they are going to give our Ukraine permission
Speaker 16: to use these weapons on Russian soil.
Speaker 2: And it comes bill as I just mentioned that it
Speaker 2: so happens that Russian President Vladimir Putin has signed this
Speaker 2: decree new nuclear doctrine for Russia. Can we see this
Speaker 2: as a response to the Western supply of these longer
Speaker 2: range missiles for Ukraine.
Speaker 4: Well, I think you the sense that he's he's published
Speaker 4: this this document detailing a little bit more of Russia's policy.
Speaker 4: I mean, this is something he talked about in September,
Speaker 4: and we have seen since the beginning of this conflict
Speaker 4: a lot of Russian saber rattling. You'll remember it was
Speaker 4: in the spring of twenty twenty three when Putin announced
Speaker 4: that he would be moving some tactical nuclear weapons, battlefield
Speaker 4: nuclear weapons into Belarus, which was a highly unusual move.
Speaker 4: But throughout this, you know, throughout this conflict, we've seen
Speaker 4: him raise the specter of nuclear weapons as a thread
Speaker 4: against the West. It's worth noting that, you know, it's
Speaker 4: if China has any real red lines and its support
Speaker 4: for Russia, one of them has been no first use
Speaker 4: of nuclear weapons. So if Putin went that far, there'd
Speaker 4: obviously be a whole range of consequences, but he would
Speaker 4: potentially be putting his biggest backer in a very difficult
Speaker 4: position as well. But I think, yes, I think this
Speaker 4: latest maneuver, I think it's his way of providing a response,
Speaker 4: a quick response to what appears to be Ukraine's use
Speaker 4: of these weapons now.
Speaker 5: And RIZ up to now.
Speaker 2: This has come at a time when there's been a
Speaker 2: pretty breakneck effort by outgoing President Biden to shore up
Speaker 2: support for Ukraine. Ukrainian President Vladimir Zelenski has been talking
Speaker 2: about once President elect Trump comes in, there's probably going
Speaker 2: to be a quick end to the war in some way.
Speaker 2: How could these latest developments sort of alter the calculus
Speaker 2: going forward.
Speaker 16: Well, the latest developments at least if this missile strike
Speaker 16: is confirmed, it doesn't tangibly change the trajectory of the
Speaker 16: war on the ground, although obviously being seen as an escalation,
Speaker 16: and we can see that in the retoric from Russia
Speaker 16: today is Bill was saying the timing of the announcement
Speaker 16: on the nuclear doctrine that Vladimir Putin had signed, it
Speaker 16: is interesting even though this is a doctrine, they were
Speaker 16: talking about a change to what months ago. So the
Speaker 16: details themselves are not new or surprising. So escalation there,
Speaker 16: but also really you see Russia and Ukraine both trying
Speaker 16: to position themselves to be in the most advantageous position,
Speaker 16: you know, for the reality of that negotiations or talks likely,
Speaker 16: you know, Russia will have to feel that it's in
Speaker 16: their best interests to talk and to get some kind.
Speaker 3: Of negotiation going. Ukraine needs to be in the strongest position.
Speaker 16: That's very much the messaging that's coming from Ukraine's allies
Speaker 16: publicly at this point, a recognition that military and financial
Speaker 16: aid will start to slow, particularly from the US, and
Speaker 16: so the positioning is going on. You can see that
Speaker 16: from both Russia and Ukraine, and that's likely to be
Speaker 16: very much the case over the next couple of months
Speaker 16: until we have the Donald Trump back in the chair
Speaker 16: as president and Bill.
Speaker 2: Of course, this is coming at a time as well
Speaker 2: when we've seen North Korean troops move alongside Russian forces
Speaker 2: on the front lines. President Biden was saying that this
Speaker 2: authorized use of long range missiles was a reaction to
Speaker 2: that as well. Where could we see this conflict go
Speaker 2: in the short to medium term as we are in
Speaker 2: the midst of this Trump transition.
Speaker 4: Well, right, I think the North Korean the North Korean
Speaker 4: troops are also a game changer in this situation. I mean,
Speaker 4: you have intelligence reports saying that while there's ten thousand
Speaker 4: North Korean troops in Russia now preparing to fight against
Speaker 4: the Ukrainians, there could be through rotations as many as
Speaker 4: one hundred thousand over time. That's a huge advantage to
Speaker 4: Russia in terms of replacing troops in in terms of
Speaker 4: potentially expanding the battlefield. As ros said, I think both
Speaker 4: sides are going to be intensely jocking for all the
Speaker 4: leverage they can get at this point. For Ukraine that
Speaker 4: means holding as much of that cursed region of Russia
Speaker 4: that it captured earlier this year. I think for Russia
Speaker 4: it means pushing in across the entire front, and if
Speaker 4: they can do that with North Korean troops from their.
Speaker 3: Perspective, all the better.
Speaker 4: So I think, you know, the West has seen this
Speaker 4: arrival of North Koreans as an escalation, just as Russia
Speaker 4: sees the use of these attack em missiles as a
Speaker 4: separate escalation.
Speaker 2: Here speaking with Bill Ferry, senior editor for Bloomberg News,
Speaker 2: and Rosalind Mathison, our news director for Europe, the Middle
Speaker 2: East and Africa, Roz. Since we've seen this decree signed
Speaker 2: just this morning by Russian President Vladimir Putin, it's worth
Speaker 2: going into detail on what the significance is of this
Speaker 2: change in the nuclear doctrine for Russia. How big a
Speaker 2: change is this From what we understand from the decree.
Speaker 16: Well, it seems to be around the parameters of what
Speaker 16: Russia would say you know, allows it to respond with
Speaker 16: the use of nuclear weapons. And one is a very
Speaker 16: large scale and how do you define that conventional attack
Speaker 16: on Russia. That's quite a broad church there, potentially. And
Speaker 16: secondly that an attack on Russia by a non nuclear
Speaker 16: state ie Ukraine, backed by a nuclear state i e.
Speaker 16: The US, would be seen as a joint attack on
Speaker 16: Russia involving a nuclear state, and thereby a condition that
Speaker 16: could allow Russia to respond with nuclear force. And so
Speaker 16: some of the conditions that they would say, you know,
Speaker 16: are laid out for themselves for when they could use
Speaker 16: a nuclear weapon. But we've seen throughout this conflict, you know,
Speaker 16: as Bill was saying earlier, Russia has said repeatedly or
Speaker 16: quite quite regularly throughout this raise the prospect of using
Speaker 16: nuclear weapons at each step of the escalation it says
Speaker 16: that comes from Ukraine or others, the use of certain
Speaker 16: types of weapons or something. They say, well, we could
Speaker 16: possibly use nuclear weapons in response, and obviously that's not happened.
Speaker 16: So how much of it is saber rattling, you know,
Speaker 16: obviously remains to be seen. But certainly it gives them,
Speaker 16: at least on paper, some further parameters for which they
Speaker 16: could use nuclear weapons, and.
Speaker 2: It remains to be seen. I suppose Bill, how NATO
Speaker 2: could react, how the incoming Trump administration could react to
Speaker 2: this as well, with this transition under way. But what
Speaker 2: can we sort of glean from how NATO has been
Speaker 2: preparing for this kind of change and trying to show
Speaker 2: continued support for Ukraine. How NATO could respond to this
Speaker 2: shift in the Russian nuclear doctrine.
Speaker 4: Well, I think, you know, some of the starting to
Speaker 4: be potentially conflicting messages we're getting here. You have the
Speaker 4: US saying it's basically the Biden administration is saying they
Speaker 4: basically want to shovel all the money and weapons that
Speaker 4: they've promised Ukraine out the door, get them in Ukraine
Speaker 4: before Donald Trump takes office on January twentieth. And then
Speaker 4: you have some messaging from Europe now about you know
Speaker 4: a little bit of pressure coming from European leaders from
Speaker 4: NATO leaders about you know, where is this headed and
Speaker 4: can we start to see the outlines of some kind
Speaker 4: of a truce or a de escalation. Here you have
Speaker 4: President Erdowan airing some details about his peace or truce proposal,
Speaker 4: and you have this, you know, this call the other
Speaker 4: day between German Chancellor Olaf Schultz and Vladimir Putin is
Speaker 4: the first real communication at that level in about two years.
Speaker 4: So I think there's a lot of nervousness in Europe
Speaker 4: about what could be coming in the year ahead. Frankly,
Speaker 4: President Zelensky has said he'd like to see this come
Speaker 4: to a conclusion in the coming year. But I do think,
Speaker 4: you know, January twentieth is looming very large in everyone's
Speaker 4: minds at this point. Whether you're in Moscow, whether you're
Speaker 4: in Brussels or anywhere else, or whether you're in Kiev.
Speaker 4: That is that's the day that really thinks US policy
Speaker 4: could very quickly change. You could see a rapid diminishment
Speaker 4: of support from Washington, and that will start to have
Speaker 4: a very quick impact on the ground. I don't think
Speaker 4: anyone expects Europe to make up the entirety of America
Speaker 4: backing away from this, if that's indeed what happens.
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