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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the

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Speaker 1: Bloomberg Balance of Power podcast. Catch Just Live weekdays at

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Speaker 1: noon Eastern on Appocarplay and then Roudoo with the Bloomberg

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Speaker 1: Business app. Listen on demand wherever you get your podcasts,

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Speaker 1: or watch us live on YouTube.

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Speaker 2: Danny Berger is across the river in New Jersey once

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Speaker 2: again today, in fact, at the Elizabeth Marina with forty

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Speaker 2: five thousand DOC workers now on strike.

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Speaker 1: Now.

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Speaker 2: Danny brought us up to date on the stakes yesterday,

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Speaker 2: and she's back with us at the port here to

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Speaker 2: bring us up to date on what has transpired since midnight. Danny,

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Speaker 2: we learned a lot from your reporting yesterday, and we're

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Speaker 2: hearing estimates in the four billion dollars a day range

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Speaker 2: here for the cost of this strike. What are you learning.

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Speaker 3: Well, Joe, it does seem like we are inchering ever

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Speaker 3: closer to a deal. To be clear, we are not

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Speaker 3: there yet. Conversations happened into the eleventh hour of this strike,

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Speaker 3: so just to give you an idea of where we

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Speaker 3: were at this time yesterday, it was the International Longshoreman's

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Speaker 3: Association the union, demanding a seventy seven percent pay increase

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Speaker 3: over the next six years. We have got an offer

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Speaker 3: from USMX, that is the United States Marine Association. They

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Speaker 3: say that they are willing to pay fifty percent over

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Speaker 3: the next six years.

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Speaker 4: It seems like the.

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Speaker 3: Other side has come down to the union now says

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Speaker 3: that they are willing to accept sixty one and a

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Speaker 3: half percent. So getting closer. We are still not there yet, Joe.

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Speaker 3: And one of the other.

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Speaker 4: Sticking points continues to be automation.

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Speaker 3: We heard from the employer saying that they would keep

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Speaker 3: the current language in the contract about automation, which does

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Speaker 3: prevent it from going forward.

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Speaker 4: Is that enough? That is still a question.

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Speaker 2: Okay, Now, I'm glad you mentioned that because automation is

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Speaker 2: a little bit more difficult to quantify. What would that

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Speaker 2: look like in a deal, in a form that would

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Speaker 2: make the dock workers happy.

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Speaker 4: Well, the dock workers one.

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Speaker 3: It bands in all forms of any of it being added,

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Speaker 3: whether it be autonomous or semi.

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Speaker 4: Autonomous, Joe.

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Speaker 3: This issue really goes back to the summertime there was

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Speaker 3: in Alabama. It appeared to be that some of the

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Speaker 3: docs were using automated technology for unloading, which at the

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Speaker 3: time the worker said violated the contract. That's part of

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Speaker 3: the reason why today's talks, why yesterday's talks have gotten

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Speaker 3: so contentious. They basically say any move forward on automation, they.

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Speaker 4: Do not want.

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Speaker 3: They do not want the court the posts here on

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Speaker 3: the east, on the Gulf coast to look like it

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Speaker 3: does in Asia or Amsterdam. They again just want it

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Speaker 3: installed at its current level. Many say that that's not possible,

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Speaker 3: but maybe you need upskilling, you need different things to

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Speaker 3: help folks keep their job even if that automation does

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Speaker 3: take place.

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Speaker 4: Unterestood.

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Speaker 2: We spoke last evening Danny with the Secretary of Transportation

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Speaker 2: Pete Buddhajeedge specifically asked him about contingency plans. Knowing how

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Speaker 2: much we're talking about here in terms of an economic impact,

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Speaker 2: the number of ships that passed through these ports and

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Speaker 2: the containers that they are carrying. Here's what he said

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Speaker 2: about contingency plans, knowing that this strike is now in effect.

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Speaker 5: I had another convening that my colleagues at DOT brought

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Speaker 5: together with about sixty different players across logistics and supply

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Speaker 5: chains to make sure that we're mapping everything in anything

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Speaker 5: that needs to happen in terms of adjustments or flexibilities

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Speaker 5: across road, rail and different ports across the United States.

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Speaker 5: But certainly the best thing that could happen is for

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Speaker 5: the parties to quickly come to terms.

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Speaker 2: And it sounds like Danny, they might do that based

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Speaker 2: on what you're telling us here. The conversations are still underway.

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Speaker 2: But as long as this strike is in place, what

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Speaker 2: do we know about our ability to reroute shipments to

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Speaker 2: try to make up for the loss of activity on

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Speaker 2: the East Coast?

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Speaker 3: Well, Joe, the best plans and the ones that were

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Speaker 3: already put in place were ones that basically front ran

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Speaker 3: this and we did indeed see that there were record

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Speaker 3: shipments coming into these United States before the strike because

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Speaker 3: we knew about this day. We knew that October first

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Speaker 3: would come and the contract would run out. So that

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Speaker 3: is one method that a lot of really urgent type

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Speaker 3: materials that needed to come into the US did. They

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Speaker 3: extended the hours of all the ports. When it comes

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Speaker 3: to rerouting, Joe, the options are not good. The West

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Speaker 3: Coast can only handle some sixteen percent of what comes

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Speaker 3: through the East Coast. In Canada, they can't handle much.

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Speaker 3: Same goes for Mexico. There's the possibility of air traffic

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Speaker 3: air freights, but their capacity isn't great either. It's much

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Speaker 3: less than the coast, and so many people are ordering

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Speaker 3: via e commerce that those are mostly booked up.

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Speaker 4: So for now, the.

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Speaker 3: Administration needs to hope that the plans that they already

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Speaker 3: put in place are enough and that they resolve quickly.

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Speaker 4: Like you heard there from Secretary pe.

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Speaker 2: Booda j Edge, Bloomberg's Danny Berger an absolute authority on

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Speaker 2: this story and with us from the Marina in Elizabeth,

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Speaker 2: New Jersey. Danny, thank you so much for a second

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Speaker 2: day of coverage here. Of course, this all began at

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Speaker 2: twelveh one am. It was a midnight deadline and we

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Speaker 2: have passed it. I want to add the voice of

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Speaker 2: Seth Harris, of course, someone we talked to a lot

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Speaker 2: about all the shoes, including labor, and this is a

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Speaker 2: precarious moment for the administration, and of course on the

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Speaker 2: campaign trail, a new item, another reason to be talking

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Speaker 2: about organized labor in this cycle. Seth is senior fellow

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Speaker 2: at the Burn Center for Social Change at Northeastern University

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Speaker 2: and was one of Joe Biden's top labor Advisor's. Former

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Speaker 2: US Deputy Secretary of Labor, Seth it's great to have

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Speaker 2: you back. The big picture here is this about pay

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Speaker 2: and benefits or is it about automation.

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Speaker 6: It's about both, Joe, the union feels very strongly and

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Speaker 6: its members are quite angry about the fact that the

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Speaker 6: companies earned a mount everest of profits during the pandemic.

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Speaker 6: They are still highly profitable, and the workers want their

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Speaker 6: fair share. The workers worked through the pandemic, they put

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Speaker 6: themselves at grave risk. They want a fair share of

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Speaker 6: those profits, and the only way to do that is

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Speaker 6: with higher wages and with better benefits. Automation is about

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Speaker 6: job protection. They want to make sure that they're not

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Speaker 6: going to lose their jobs. Union is not going to

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Speaker 6: lose members over time, so they have fairly strong automation

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Speaker 6: language in their existing contract. But automation is always changing.

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Speaker 6: Technology is always changing, so they want to strengthen that

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Speaker 6: language to make sure that we're not going to see

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Speaker 6: meaningful displacement of longshore workers.

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Speaker 2: We know that Joe Biden has chosen not to invoke

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Speaker 2: the Taft Hartley Act SETH. He could have demanded an

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Speaker 2: eighty day cooling off period under that law. We know

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Speaker 2: that the President has been open to these ideas with

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Speaker 2: what we saw, of course in the rail strike two

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Speaker 2: years ago. Are you surprised he did not do this

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Speaker 2: and what does that tell us about the administration's posture here?

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Speaker 6: No, I'm not surprised at all. You know, in seeking

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Speaker 6: an injunction in court to shut down a strike takes

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Speaker 6: power out of workers' hands, and Joe Biden's entire presidency

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Speaker 6: has been about putting more power into workers' hands. So

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Speaker 6: I'm not surprised at all. The National Freight rail strike

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Speaker 6: and also to some extent, the West Coast negotiations, The

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Speaker 6: West Coast dock worker negotiations occurred in a different period

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Speaker 6: in our history when supply chains were extremely vulnerable and

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Speaker 6: there was a grave risk of lasting damage to the economy. Well,

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Speaker 6: supply chains have healed, they're doing just fine. This is

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Speaker 6: certainly going to have The strike will have an economic

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Speaker 6: effect if it goes on for a good long time.

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Speaker 6: But I don't think supply chain infrastructure is going to

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Speaker 6: be damaged by the strike, and the presidencies it that

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Speaker 6: way as well.

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Speaker 2: Well, that's really important, Seth. Maybe you can tell our

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Speaker 2: viewers and listeners a little bit more on the why,

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Speaker 2: because there are a lot of bad and recent memories

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Speaker 2: about these supply chain hiccups. Going through COVID, we finally

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Speaker 2: unsnarled so many of these lines that people are worried

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Speaker 2: that we're going to go back into another inflationary period.

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Speaker 2: The Christmas gifts aren't going to show up on time,

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Speaker 2: and we see this whole movie all over again. How

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Speaker 2: is it different now.

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Speaker 6: Well, remember what happened during the pandemic. Americans stopped buying

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Speaker 6: or slowed dramatically the buying of services. Right, we weren't

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Speaker 6: going out for meals, we weren't going out to the movies,

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Speaker 6: we weren't going out to bowl. Instead, what we did

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Speaker 6: is we spent a tremendous amount of money on goods,

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Speaker 6: and so a large amount of goods we're coming into

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Speaker 6: the United States. At the same time, workforces around the

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Speaker 6: world were being affected by COVID. There were people who

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Speaker 6: were sick and dying. There are people who are not

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Speaker 6: able to go into work. There are people who had

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Speaker 6: caregiving responsibilities and weren't able to work, and so the

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Speaker 6: system just was not working well. The private sector folks

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Speaker 6: who run our supply chains just were totally and completely

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Speaker 6: unprepared and didn't have contingencies. They had stripped their systems

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Speaker 6: down in order to maximize profit. We're not there anymore.

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Speaker 6: We don't have people who are out because of COVID.

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Speaker 6: We don't have people who have child care responsibilities or

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Speaker 6: elder care responsibilities unable to go to work. We have

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Speaker 6: people whose work is being slowed down or stopped because

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Speaker 6: of a strike, and when the strike ends, they'll be

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Speaker 6: able to get back to work. Now that is the

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Speaker 6: strike ending is not going to immediately solve every problem.

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Speaker 6: We're going to end up with a big backlog of

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Speaker 6: cargo that has to come into the United States, and

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Speaker 6: for every week of strike, it'll take three or four

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Speaker 6: weeks to get the cargo moving again.

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Speaker 2: Okay, you might not be surprised to hear that. Speaker

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Speaker 2: Mike Johnson sees this differently than the Biden administration. He's

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Speaker 2: out with a statement that says just one day of

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Speaker 2: paused operations will have devastating consequences on the economy, and

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Speaker 2: hardworking American families will feel the impact of higher prices,

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Speaker 2: empty shelves, lost economic output. He's criticizing the administration here

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Speaker 2: seth for making life harder for everyone, he says, and

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Speaker 2: the failure to encourage a resolution between the Longshoreman's Association

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Speaker 2: Union and the US Maritime Alliance will exacerbate economic pain.

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Speaker 2: This is what we're going to hear in the debate

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Speaker 2: tonight from JD.

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Speaker 1: Vance.

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Speaker 6: Right, Well, that's an interesting problem that the Republicans have.

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Speaker 6: Let me just say, Mike Johnson is about as anti

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Speaker 6: union as you can be, so that's an easy position

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Speaker 6: for him to take. But the Trump Advance ticket has

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Speaker 6: a little bit of a challenge here because President Trump

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Speaker 6: tries to build on the constructive ambiguity in his career

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Speaker 6: about his relationship with workers and his relationship with unions.

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Speaker 6: He doesn't want to be perceived as a rabidly anti

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Speaker 6: union guy, even given the record of his administration was

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Speaker 6: which was quite anti union. And when he goes on

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Speaker 6: with Elon Musk on Twitter spaces, he sometimes lets his

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Speaker 6: real inner Trump out. But JD. Vance is in a

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Speaker 6: difficult position because he is trying to portray himself and

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Speaker 6: also his presidential candidate as friends of the working person,

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Speaker 6: friends of unions, people who want workers to have power.

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Speaker 6: So if you're going to shut down a strike and

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Speaker 6: take power out of workers' hands, you have a lot

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Speaker 6: of explaining to do. So. I think JD. Vans absolutely

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Speaker 6: is going to attack President Biden and Vice President Harris

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Speaker 6: by extension because there is a strike. I'm sure Governor

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Speaker 6: Waltz will defend them, but taking a position on what

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Speaker 6: they would do, I think that's going to be pretty powerleous.

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Speaker 2: Well, when you consider this action, and I don't know

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Speaker 2: how long you think this is going to go on

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Speaker 2: for seth you add boeing, there are questions about whether

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Speaker 2: we're going to have a hot labor winter here just

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Speaker 2: as people are getting ready to vote and get to

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Speaker 2: the polls. What does it say about the administration, which

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Speaker 2: of course has framed itself as the most union friendly

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Speaker 2: in American history, to find ourselves with two more labor

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Speaker 2: actions walking up against this election.

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Speaker 6: Well, strikes are not failures. Strikes are not assigned either

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Speaker 6: that the White House has failed or the collective bargaining

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Speaker 6: has failed. They are a part of the collective bargaining process,

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Speaker 6: and President Biden has been absolutely clear about this. The

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Speaker 6: whole idea in collective bargaining is that private parties, management,

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Speaker 6: and the labor sit down at the table and work

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Speaker 6: out their problems, and government doesn't have a role except

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Speaker 6: to mediate and to try to keep the parties at

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Speaker 6: the table. That's what's good about it. It's not a

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Speaker 6: government solution. So the fact that the Boeing work were

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Speaker 6: unhappy with the amount of money that was offered to

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Speaker 6: them by management, and justifiably so. And that the longshore

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Speaker 6: workers are worried about their jobs and want to get

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Speaker 6: more a bigger share of the profits that their employers

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Speaker 6: are getting. That's all part and parcel of a collective

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Speaker 6: bargaining process. It's like democracy. It's not always pretty, but

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Speaker 6: it doesn't mean that you want to shut it down

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Speaker 6: and force people to work.

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Speaker 2: Got it, Seth. I'm glad you could join us today.

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Speaker 2: Do you have a sense by the way, I've got

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Speaker 2: thirty seconds left. I don't want to cut you off,

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Speaker 2: but are we talking days or weeks?

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Speaker 6: I think the move by USMX to raise their wage

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Speaker 6: offer is a very good sign. The ILA responded by

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Speaker 6: lowering their wage offer. I think that we could be

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Speaker 6: looking at a deal in the next week, week and

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Speaker 6: a half.

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Speaker 2: Really appreciate that, and that's coming from an expert.

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Speaker 1: Seth Harris.

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Speaker 2: Great to see you, as always, Senior Fellow the Burn

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Speaker 2: Center for Social Change at Northeastern University.

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Speaker 1: You're listening to the Bloomberg Balance of Power podcast KeNH

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Speaker 1: just live weekdays at noon Eastern on Applecarplay and then

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Speaker 1: roun Oo with the Bloomberg Business App. You can also

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Speaker 1: listen live on Amazon Alexa from our flagship New York station,

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Speaker 1: Just Say Alexa Play Bloomberg eleven thirty.

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Speaker 7: We want to go to the spin room floor here

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Speaker 7: in New York now where Bloomberg's Tyler Kendall is there

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Speaker 7: as preparations are underway for the big event, which kicks

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Speaker 7: off just about seven and a half hours from now

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Speaker 7: this evening. Tyler, the Middle East probably going to be

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Speaker 7: more forefront on the agenda of questions and topics the

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Speaker 7: candidates will have to address than it would have been

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Speaker 7: prior to today exactly.

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Speaker 8: And you know, we've already seen former President Trump put

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Speaker 8: out a statement kind of pushing forward this idea that

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Speaker 8: if he was president, maybe this one and have happened.

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Speaker 8: So it will be interesting to see how the two

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Speaker 8: candidates kind of thread that needle tonight, right we expect

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Speaker 8: will we expect Senator Jade Vance to kind of toe

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Speaker 8: that line support Trump on that. And then of course

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Speaker 8: we have we know that Vice President Kamala Harris is

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Speaker 8: now in the situation room watching this closely and what

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Speaker 8: Governor Tim Walls can tell us from the Democratics the

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Speaker 8: Democratic bass point of view when it comes to handling

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Speaker 8: this issue. There's no doubt that foreign policy now is

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Speaker 8: going to take center stage here tonight.

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Speaker 6: That's for sure.

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Speaker 2: You're in the spin room there of course, Tyler. We're

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Speaker 2: going to be hearing from surrogates from both candidates this evening.

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Speaker 8: Yep, definitely, the spin room is already starting to fill

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Speaker 8: up with journalists. We haven't really seen any surrogates quite yet.

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Speaker 8: Because this is you know, the first and likely the

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Speaker 8: only debate between these vice presidential candidates. It's also likely

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Speaker 8: the last debate of this presidential cycle, which is just

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Speaker 8: raising these stakes even higher because, as you both know,

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Speaker 8: we are exactly five weeks away from election day, so

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Speaker 8: we are expecting the surrogates to come out as both

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Speaker 8: of the campaigns kind of have this last push to

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Speaker 8: appeal to voters. And we are talking about foreign policy,

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Speaker 8: we are also expecting domestic policy to take center stage tonight.

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Speaker 8: As you both know, both of these running mates were

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Speaker 8: chosen in part due to their Midwest routs and how

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Speaker 8: they can kind of appeal to some of the more

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Speaker 8: industrial Midwestern voters in some key battleground states that our

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Speaker 8: Bloomberg News Moorning console poll has been following. But for

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Speaker 8: a sense of the messaging that we might expect, we

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Speaker 8: actually pulled this fite from Senator jd Vance at the

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Speaker 8: Republican National Convention earlier this summer.

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Speaker 9: It's about all of us, and it's about who we're

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Speaker 9: fighting for. It's about the auto worker in Michigan wondering

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Speaker 9: why out of touch politicians are destroying their jobs. It's

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Speaker 9: about the factory worker in Wisconsin who makes things with

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Speaker 9: their hands and is proud of American craftsmanship.

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Speaker 8: Now you heard him mention Michigan and Wisconsin. There, those

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Speaker 8: are two of the seven key battleground states that we

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Speaker 8: watch in our Bloomberg News Morning console pull. I'd point

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Speaker 8: you to the most recent iteration out last week, which

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Speaker 8: shows Vice President Kamala Harris leading former President Trump among

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Speaker 8: the likely voters in those seven key battleground states by

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Speaker 8: about three percentage points, so a very very close race here.

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Speaker 8: Now we played Jadi Vance. I'll say for Waltz's part,

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Speaker 8: he's often built as somebody with this quote Midwest sensibility.

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Speaker 8: That's a line that the Harris campaign often uses. So

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Speaker 8: we'll be watching closely tonight to see how both of

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Speaker 8: these candidates appeal to these voters in some key battleground states,

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Speaker 8: including perhaps pushing some more protectionist or populist viewpoints.

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Speaker 2: All right, Tyler Kendall, reporting for Bloomberg from this spin

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Speaker 2: room at the site of tonight's vice presidential debate. Tyler,

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Speaker 2: thank you so much. We'll keep tabs with Tyler as

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Speaker 2: we make our way closer to special coverage that starts

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Speaker 2: at eight pm Eastern time. The debate begins at nine,

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Speaker 2: and we'll have the full simulcast for you here on

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Speaker 2: Bloomberg TV and Radio. Not too far from where Kaylee

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Speaker 2: and I are right now, the CBS broadcast Center on

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Speaker 2: West fifty seventh Street will become the center of the

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Speaker 2: political universe. A short time from now, Kaylee, it's time

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Speaker 2: to assemble our panel. We haven't gotten to Rick and

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Speaker 2: Jeanie on such a busy day until right now, of course.

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Speaker 2: Bloomberg Politics contributors Genie Shanzano, political science professor at Iona University,

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Speaker 2: and Rick Davis, partner at Stone Court Capital. Genie, this

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Speaker 2: is a test of course for the Biden administration, and

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Speaker 2: Kamala Harris is part of it. She is in the

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Speaker 2: situation room right now with Joe Biden, and I wonder

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Speaker 2: the way you're kind of looking at this as a

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Speaker 2: political opportunity or liability for a member of this administration.

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Speaker 2: It's also a chance for her to appear presidential today,

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Speaker 2: right it is?

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Speaker 10: And you just took the words right out of my mouth, Joe.

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Speaker 10: I was gonna say, test. It's a test for Kamala Harris.

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Speaker 10: It's also a test for jd Vance and a test

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Speaker 10: for Tim Waltz. Of all the things I'm sure that

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Speaker 10: Tyler was just talking about that they've prepared for tonight,

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Speaker 10: I am not sure that they spend as much time,

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Speaker 10: say on foreign policy, as they would have on the economy, immigration,

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Speaker 10: in some of those other issues. So this is going

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Speaker 10: to be a test for them. And I would just

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Speaker 10: say we already know where Donald Trump is on this.

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Speaker 10: He has issued a statement on truth Socials saying that

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Speaker 10: the Harris Biden campaign and administration are leading us to

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Speaker 10: World War three and have left us less safe. And

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Speaker 10: of course you've got the President saying what we expect

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Speaker 10: to hear from Tim Waltz and Kamala Harris when she

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Speaker 10: does talk that Israel has every right to defend itself

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Speaker 10: vigorously and the US will do everything it can to

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Speaker 10: protect Israel. So those are sort of I think what

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Speaker 10: we might hear tonight, What I hope we would hear

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Speaker 10: is a little bit more policy specifics on the Middle East,

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Speaker 10: but we'll have to see if we get there tonight.

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Speaker 4: Yeah.

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Speaker 7: And of course, as we consider the policy specifics and

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Speaker 7: what Americans are looking to hear from these candidates, there

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Speaker 7: is a question rick to what extent they want insight

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Speaker 7: on foreign policy or they're thinking about kitchen table issues

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Speaker 7: like the economy or the border. For example, Does news

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Speaker 7: like this, the attention it's getting in the media, the

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Speaker 7: grabbing of the headlines, actually impact voter sentiment make them

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Speaker 7: more likely to want to hear what the commander in

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Speaker 7: chief or potential second in command I guess you could

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Speaker 7: say to the commander in chief would want to say

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Speaker 7: on these issues.

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Speaker 6: Yeah.

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Speaker 11: News travels very quickly through these cycles. And even though

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Speaker 11: yesterday we spent virtually the entire day talking about the

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Speaker 11: impact that the hurricane Leen was going to have on

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Speaker 11: states like North Carolina and Georgia. Today, the entire media

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Speaker 11: coverage seems to be laser focused on on the attacks

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Speaker 11: from Iran onto Israel. And so, yeah, voters, they're like us, right,

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Speaker 11: they're consumers, and so they're looking at this saying I

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Speaker 11: want to know more about what's going on here. What's

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Speaker 11: interesting about this is Kanla Harris comes in in most

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Speaker 11: recent polls doing very well as commander in chief. In fact,

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Speaker 11: a few I've seen recently public polls they have indicated

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Speaker 11: that she has a slight advantage over Donald Trump, a

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Speaker 11: former commander in chief. And so this is a very

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Speaker 11: high high wire act for the current administration. They got

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Speaker 11: to get this right. And I think the ground that

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Speaker 11: they are on now, which is safe is we're defending

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Speaker 11: Israel at all costs, and I think that that could

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Speaker 11: be an advantage for her, And it just depends tonight

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Speaker 11: on how her vice presidential nominee Tim Walls handles it.

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Speaker 2: A couple of important headlines from the IDF, first, a

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Speaker 2: spokesman saying there are no known injuries from the Iran

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Speaker 2: missile launches, which is pretty remarkable considering we're talking about

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Speaker 2: more than a hundred of them. Also from the Israeli military.

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Speaker 2: This attack was serious and we'll have consequences. Genie, implying

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Speaker 2: that this test will not just be done.

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Speaker 10: Today, That's right. I mean, I think what we are

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Speaker 10: all bracing for is a retaliation by Israel. We know,

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Speaker 10: of course, this was an italiation retaliation rather by Iran.

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Speaker 10: We expect Israel to hit back. We remember after April

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Speaker 10: they were more contained in the way they responded, and

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Speaker 10: we have to wait and see what they're going to do.

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Speaker 10: But this is going to be a big concern for

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Speaker 10: Joe Biden and Kamala Harris sitting there in the situation room,

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Speaker 10: I'm sure in direct contact with the IDF and the

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Speaker 10: leaders of Israel to try to see if they could

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Speaker 10: do anything to de escalate this situation at this point,

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Speaker 10: that's been their watchword as it pertains to the Middle

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Speaker 10: East of late, but very hard to see how they

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Speaker 10: achieved that, and so that leads them in a very

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Speaker 10: difficult situation visa VI their Middle Eastern policy.

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Speaker 7: All right, Genie, Shanzano and Davis, our signature political panel

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Speaker 7: Bloomberg Politics contributors, thank you for joining us this hour,

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Speaker 7: and of course we'll have much more with Rick and

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Speaker 7: Jennie in the later edition of Balance of Power at

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Speaker 7: five PM, and in our special coverage of the VP Debate,

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Speaker 7: which will be simulcast on Bloomberg That special coverage beginning

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Speaker 7: at eight pm Eastern Time here on Bloomberg TV and radio.

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Speaker 2: Thanks for listening to the Balance of Power podcast. Make

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Speaker 2: sure to subscribe if you haven't already, at Apple, Spotify,

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Speaker 2: us live every weekday from Washington, DC at noontime Eastern

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Speaker 2: at Bloomberg dot com.