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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: They Say is the Bloomberg Daybreak Europe podcast, available every

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Speaker 2: morning on Apple, Spotify or wherever you listen. It's Monday,

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Speaker 2: the thirtieth of December in London. I'm Stephen Carroll coming

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Speaker 2: up today. Jimmy Carter has died. The former US president

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Speaker 2: and Nobel Peace Prize winner past away at the age

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Speaker 2: of one hundred. South Korea investigates the worst air crash

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Speaker 2: in the country's history after one hundred and seventy nine

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Speaker 2: people are killed, plus Elon Musk reiterates his support for

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Speaker 2: the far right Alternative for Germany Party, sparking criticism from

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Speaker 2: politicians and journalists in the country.

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Speaker 1: Let's start with a roundup of our top story.

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Speaker 2: The former US president Jimmy Carter has died at his

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Speaker 2: home in Georgia at the age of one hundred. During

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Speaker 2: his presidency, Carter broker to a historic peace accord between

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Speaker 2: Israel and Egypt, but faced challenges including high inflation and

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Speaker 2: oil shortage, and the Iran hostage crisis. Bluebrig's John Tucker

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Speaker 2: takes a look back at his time in office.

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Speaker 3: Jimmy Carter served as States Senator and Governor of Georgia

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Speaker 3: before becoming the thirty ninth President of the United States. I,

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Speaker 3: Jimmy Carter, do sello this square that I will tastefully

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Speaker 3: execute that I will. Canterer's tenure in the Oval office

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Speaker 3: was tumultuous, marked by inflation, a recession, and an energy crisis.

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Speaker 4: Our dependence on four and all will be stopped dead

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Speaker 4: in its track right now.

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Speaker 3: Carter encouraged energy conservation by all US citizens and created

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Speaker 3: the Department of Energy. His final year in office was

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Speaker 3: marred by the Iran hostage crisis, which contributed to his

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Speaker 3: loss to Ronald Reagan in nineteen eighty. After politics, Carter

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Speaker 3: committed much of his time to peacekeeping and humanitarian efforts

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Speaker 3: like Habitat for Humanity.

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Speaker 4: Join us with Habitat for Humanity as we rebuilt holmes

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Speaker 4: and lives.

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Speaker 3: Jimmy Carter was the longest retired president and the first

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Speaker 3: to live past the age of ninety five John Tucker,

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Speaker 3: Bloomberg Radio.

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Speaker 2: After leaving office, Jimmy Carter founded the Carter Center and

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Speaker 2: was awarded the Nobel Peace Prize in two thousand and

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Speaker 2: two for his decades long efforts to promote peace, democracy,

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Speaker 2: and human rights.

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Speaker 1: President Joe Biden paid him this tribute.

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Speaker 5: Just look at his life, his life's work. He worked

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Speaker 5: to eradicate disease, not a hohop nicest at home, but around

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Speaker 5: the world. He forwarded peace, advanced civil rights, human rights,

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Speaker 5: promoted free and fair elections around the world. He built

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Speaker 5: has d Homeless for the homeless with Don't Hear It,

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Speaker 5: and his compassion and moral cl clarity looked to people

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Speaker 5: up and changed lives and saved lives all over the globe.

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Speaker 2: President Biden speaking there, Jimmy Carter also lived long enough

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Speaker 2: to fulfill a final wish to cast a ballot for

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Speaker 2: Kamala Harris and this year's presidential election. Meanwhile, President elect

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Speaker 2: Donald Trump, who often spoke negatively about Carter's presidency during

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Speaker 2: the campaign, also paid tribute to him.

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Speaker 1: Writing on Trude Social Trump.

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Speaker 2: Said that Carter did everything in his power to improve

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Speaker 2: the live of all Americans.

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Speaker 1: For that, he said, we all owe him a debt

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Speaker 1: of gratitude.

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Speaker 2: South Korea investigators are probing the cause of the country's

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Speaker 2: worst ever civil aviation accident. One hundred and seventy nine

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Speaker 2: people were killed when a Boeing seven three seven crash

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Speaker 2: landed at Muan International Airport on Sunday morning. Winmberg's Asia

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Speaker 2: Aviation reporter Danny Lee says, the pilot is you'd have

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Speaker 2: made eight minutes before, minutes after the control tower warrant

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Speaker 2: of a bird strike.

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Speaker 6: So the butch strike warning was given to pilots by

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Speaker 6: the airport staff and air traffic control in the minutes

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Speaker 6: before the landing.

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Speaker 1: This is a.

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Speaker 6: Critical phase of flight for pilots to obviously navigate safely

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Speaker 6: in land. And after this bird strike warning there was

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Speaker 6: a mayday call from the pilots they had suffered a

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Speaker 6: bird strike, and then subsequently minutes later the crash happened.

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Speaker 2: Then, Danny Lee says, investigators will also be focusing on

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Speaker 2: an unusual landing gear failure the final moments of the flight.

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Speaker 2: The crash killed all but two of the people on board,

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Speaker 2: with only a pair of flight attendants surviving. Seth Green

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Speaker 2: investigators are seeking an arrest warrant for President Yun Suk Yul.

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Speaker 2: The impeached leader, has repeatedly defied court summons to appear

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Speaker 2: for questioning over his decision to declare martial law. Yun

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Speaker 2: has vowed to keep defending himself, insisting the move was

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Speaker 2: within his constitutional powers. Britain's reeling Labour Party would lose

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Speaker 2: nearly two hundred seats if elections were held today, according

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Speaker 2: to a new poll. The think tank More in Common

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Speaker 2: forecasts the government would suffer a crushing defeat to both

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Speaker 2: the Conservatives and the populist Reform UK Party based on

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Speaker 2: public sentiment Bloomberg State.

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Speaker 1: Wilcock has more.

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Speaker 7: It's a signed Reform might have broken through Westminster's two

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Speaker 7: party system. Nidri Farraj's party is predicted to win seventy

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Speaker 7: two seats with twenty one percent of the vote if

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Speaker 7: elections were held tomorrow. A note of caution though Reform

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Speaker 7: so was similarly placed in the polls in twenty nineteen,

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Speaker 7: but didn't translate that into seats in Parliament. But the

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Speaker 7: numbers are warning how fragile Stana's government might be if

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Speaker 7: it can't win over a skeptical public in the next

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Speaker 7: four years. In London, James Wilcock Bloomberg Radio.

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Speaker 2: Elon Musk has doubled down on his support for the

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Speaker 2: far right Alternative for Germany Party. Two months ahead of

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Speaker 2: the country's elections, the billionaire and advisor to US President

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Speaker 2: elect Donald Trump wrote the party was the last spark

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Speaker 2: of hope for Germany in an opinion piece published by

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Speaker 2: a national newspaper. Three state chapters of the AfD are

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Speaker 2: classified as extremist under under surveillance by Germany's domestic intelligence service.

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Speaker 2: Musque has extensive business interests in Germany, including a Tesla

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Speaker 2: factory near Berlin. Those are your top stories on the

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Speaker 2: markets after we saw Wall Street shares finish sharply lower

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Speaker 2: on Friday than nasdackdown one point four percent, the S

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Speaker 2: and P five hundred den by one point one percent,

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Speaker 2: and shares in Asia are also trading lower this morning.

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Speaker 2: The Mscish Pacific Index down by three tenths, the Nikay

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Speaker 2: in Tokyo eight tenths of one percent lower with volumes

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Speaker 2: about thirty percent normal normal, lower than normal in Japanese

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Speaker 2: trading this morning. Ten year Treasury eels after the spike

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Speaker 2: that we saw last week, finishing or rather trading down

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Speaker 2: a basis point at four point six one percent today in.

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Speaker 1: A moment, will bring you more on the.

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Speaker 2: Death of Jimmy Carter, plus the latest on the investigation

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Speaker 2: into that plane crash in South Korea. But the other

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Speaker 2: story that caught our eye this morning about Elon Musk's

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Speaker 2: growing influence in US politics and how it's changing the

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Speaker 2: ways that some countries are looking at his Starlink Internet business.

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Speaker 2: A colleague Bruce Einhorn and Lonnie Prince Lou has been

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Speaker 2: writing about this In Today's Big Take. They found that

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Speaker 2: South Africa's President Sarama Posa and Elon Musk has been

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Speaker 2: in contact to discuss ways for the government to change

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Speaker 2: the rules there to allow Starlink's high speed internet to

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Speaker 2: operate legally. The talks, according to their sources, included discussing

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Speaker 2: investment by Tesla and battery production in South Africa. The

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Speaker 2: sticking point in SpaceX's operation in South Africa has been

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Speaker 2: that it hasn't been prepared to comply with the requirement

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Speaker 2: for thirty percent black ownership of companies, But South Africa's

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Speaker 2: Communications Minister is now talking to the regulator about a

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Speaker 2: workaround that could allow companies like Starlack access to the

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Speaker 2: South African market in return for equity equivalents in terms

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Speaker 2: of investments and jobs. This is an illustration as the

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Speaker 2: peace atlines of a wider trend as well at how

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Speaker 2: many countries are now switching from security concerns about using

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Speaker 2: the network two attempts where they're trying to attract investment

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Speaker 2: from Elon Musk's complex of companies as well, and indeed

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Speaker 2: Musk's new role makes it harder for some governments to

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Speaker 2: resist Starlink. The business this year has added twenty new

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Speaker 2: operating countries and now serves more than four million people

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Speaker 2: in over one hundred countries around the world. We can

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Speaker 2: read more on that on Bloomberg dot com and on

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Speaker 2: the terminal. Well, let's bringing more out on the death

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Speaker 2: of Jimmy Carter. His legacy as US president included the

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Speaker 2: Camp David Accords Israel and Egypt, and the establishment of

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Speaker 2: formal ties with China. Arrangements for a state funeral and

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Speaker 2: now under away. The ninth of January is being declared

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Speaker 2: as a day of national mourning in the US. Our

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Speaker 2: correspondent Oliver Crok has more on this story for US

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Speaker 2: this morning, Oliver. Jimmy Carter died at home in Plains, Georgia.

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Speaker 2: But he'd been on well for some time.

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Speaker 8: Yeah, that's right, Stephen.

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Speaker 4: You know, after one hundred years, the longest living US president,

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Speaker 4: he had been in hospice care for some time, for

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Speaker 4: almost two years.

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Speaker 8: In his sort of hometown plains at.

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Speaker 4: Georgia, where his wife had actually died in November of

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Speaker 4: last year. And you know, for Jimmy Carter, you know,

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Speaker 4: really an interesting figure in American sort of history as

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Speaker 4: a peanut farmer to president of the United States, and

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Speaker 4: he had served as governor and senator of Georgia. Really known,

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Speaker 4: I think by many to be sort of a man

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Speaker 4: of humility, of sort of high sort of moral conduct.

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Speaker 4: And we heard that in a lot of sort of

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Speaker 4: what we've heard since then, since his death, of the

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Speaker 4: sort of outreach that we heard from President Biden, who

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Speaker 4: referred to him as an extraordinary leader, as statesman, a

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Speaker 4: humanitarian who really touched the lives of people around the world,

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Speaker 4: and again on this issue of sort of compassion and

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Speaker 4: moral clarity. And you know, President Donald Trump, who has

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Speaker 4: also been very sort of critical of Carter in the past,

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Speaker 4: came out and also gave a tribute, saying that while

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Speaker 4: he strongly disagreed with him philosophically and politically, I Trump

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Speaker 4: also realized that he truly loved and respected our country

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Speaker 4: and while it stands for and worked hard to make

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Speaker 4: America a better place. And for that I give him

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Speaker 4: the highest respect. So he's sort of a nice moment

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Speaker 4: of sort of coming together in this sort of fracturous

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Speaker 4: moment of American politics. And it will be public observations,

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Speaker 4: observances held in Atlanta. He also have a full honors

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Speaker 4: of a state funeral in Washington, d c. And as

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Speaker 4: you say, the Day of National Mourning that will be

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Speaker 4: held now on January the ninth, with the flags of

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Speaker 4: the United States flying at half mass.

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Speaker 2: When we think about Jimmy Carter's time in office, the

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Speaker 2: Comp David Records, of course the signature feature of the

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Speaker 2: cars R presidency, and he had a number of successes

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Speaker 2: in the foreign policy front which have had a lasting legacy.

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Speaker 4: Yeah, as you mentioned, Steve, you know, opening up those

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Speaker 4: diplomatic relations with China. But really that crowning achievement of

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Speaker 4: the Carter administration, the Camp David Cords, you know, between

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Speaker 4: Israel and Egypt, leading to really peaceful coexistence and a

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Speaker 4: very very sort of tumultuous time period in the sort

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Speaker 4: of Middle East.

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Speaker 8: You know, it didn't you know, go all the way.

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Speaker 4: Obviously, this is a conflict that is still being fought

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Speaker 4: today between Palestine and you know, Gaza and the West

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Speaker 4: Bank and Israel. But this was sort of the very

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Speaker 4: first step in bringing some stability and some normalization to

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Speaker 4: the region and really blade the groundwork for some of

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Speaker 4: the sort of later accords that would come, and you

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Speaker 4: know the one that is sort of sitting on the

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Speaker 4: back burner now, the Abraham Accords. There was also, of

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Speaker 4: course sort of Iran hostage scandal, which was something that

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Speaker 4: you know, it was sort of a more difficult period

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Speaker 4: of for Carter, and again also coming into the for

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Speaker 4: today with the sort of Panama Canal, which of course

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Speaker 4: was built far before Carter, but it was under Carter

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Speaker 4: that the sort was a renegotiation of the Panama Canal

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Speaker 4: that eventually led to the canal going from the sort

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Speaker 4: of US administration going into sort of domestic.

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Speaker 8: Control by Panama. And this is one of the issues.

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Speaker 4: Who is that Donald Trump has really taken in these

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Speaker 4: sort of a couple of weeks leading to this inauguration

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Speaker 4: saying that he really wants to regain in some way

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Speaker 4: control over the Panama Canal and actually blaming Carter for

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Speaker 4: giving it away for one dollar back in his administration.

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Speaker 2: Yeah, of course, of Parlow's from the past to the

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Speaker 2: president there it was Jimmy Carter's domestic policies though, particularly

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Speaker 2: on the economy, which led him to lose his reelection

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Speaker 2: bid in nineteen eighty Ronald Reagan.

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Speaker 6: Yeah.

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Speaker 4: I mean, even if we're running against Ronald, running against

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Speaker 4: soaring inflation and low growth in stagflation is really one

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Speaker 4: of these sort of poorous recipes for a president to

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Speaker 4: deal with. And that is exactly the situation that Jimmy

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Speaker 4: Carter found himself in. He had this sort of oil crisis.

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Speaker 4: He did had during that time encouraging sort of energy conservation,

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Speaker 4: you know, very famously in salt solar water heating panels

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Speaker 4: on the White House, but then lost really in a

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Speaker 4: very sort of notable landslide to Ronald Reagan, where Reagan

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Speaker 4: won something like almost five hundred electoral seats to Carter's

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Speaker 4: about fifty. And really Reagan it was in that campaign

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Speaker 4: in nineteen eighty that he actually coined the term, the

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Speaker 4: phrase make America great again. And this is sort of

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Speaker 4: something that obviously we've taken up on the mental hero

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Speaker 4: of Donald Trump and really sort of this sort of the.

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Speaker 8: Slogan of the Trump presidency.

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Speaker 4: You know, though Carter himself managed to as you mentioned,

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Speaker 4: a little bit earlier, Stephen, you know we've managed to

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Speaker 4: vote for Kamala Harris this year at the age of

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Speaker 4: one hundred, so sort of remarkable perspective and timeline and

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Speaker 4: life of American politics there.

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Speaker 2: Okay Bloomer, correspondent to Oliver Crook, thank you. Investigators in

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Speaker 2: South Korea focusing on a bird strike and a landing

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Speaker 2: gear failure as they seek to determine the cause of

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Speaker 2: the plane crash which killed one hundred and seventy nine

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Speaker 2: people the Jju Air flight crash at Muan International Airport

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Speaker 2: in the south of the country on Sunday morning. Our

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Speaker 2: Asia aviation reporter Danny Lee joins us now for more. Danny,

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Speaker 2: what information do investigators have to work with at the moment, Well.

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Speaker 6: They have a slew of information, including the black boxes,

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Speaker 6: but as the authorities have said, this critical piece of information.

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Speaker 6: You've got the flight data recorder, you've got the cockpit

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Speaker 6: voice recorder. It's the flight data recorder which is partially damaged.

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Speaker 6: And there is a little bit of concern about what

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Speaker 6: information they could extract in a timely fashion given what

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Speaker 6: has happened over the last twenty four hours or so,

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Speaker 6: and so clearly there is an effort by the authorities

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Speaker 6: to try and understand fairly quickly what has happened. But again,

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Speaker 6: in these kind of instances, it takes time to get

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Speaker 6: to a conclusion of what has happened.

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Speaker 1: But we also have the.

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Speaker 6: Audio from the pilots to the traffic controls, and we

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Speaker 6: already know about the warnings of a risk of a

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Speaker 6: bird strike before the plane had landed, and then the

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Speaker 6: made ay cores and then the bird strike itself. So

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Speaker 6: there's a lot of a lot of things that the

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Speaker 6: authorities have to work with in terms of some of

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Speaker 6: the incidents that happened in the lead up to this.

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Speaker 6: And on top of that, we have this spectacular footage

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Speaker 6: that was captured of the plane landing on its barely

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Speaker 6: with out its landing gear deployed, sliding at high speed

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Speaker 6: off the end of the wrong way and into an embankment,

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Speaker 6: and that devastating collision impact was really the thing that

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Speaker 6: caused one hundred and seventy nine people to die in

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Speaker 6: the country's worst ever aviation disaster.

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Speaker 2: What do we know about the plane that was involved

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Speaker 2: in this crash.

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Speaker 6: Yeah, it's the Boeing seventy seven Dash eight hundred aircraft.

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Speaker 6: It's the predecessor to the Boeing seventy seven Max, the

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Speaker 6: aircraft which, as we now know, has been so maligned

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Speaker 6: in two other fatal crashes. But it's the predecessor and

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Speaker 6: its widely used, really popular aircraft. Over four thousand of

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Speaker 6: these aircraft are operating around the world, and so this

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Speaker 6: kind of event, this crash that happened on Sunday, is

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Speaker 6: an unusual one. It's a rare one that in particularly

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Speaker 6: when you think about how bird strikes typically do not

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Speaker 6: bring down an aircraft, and so with this kind of accident,

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Speaker 6: the authorities will need to figure out was it the

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Speaker 6: bird strike, was it a cascade of events that may

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Speaker 6: have brought down this aircraft, or the action of the pilots.

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Speaker 6: There's a lot that will need to be understood over

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Speaker 6: a fairly short space of time.

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Speaker 2: And South Green authorities are now looking at all of

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Speaker 2: the Boeing seven three seven models of this type operating

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Speaker 2: in the country. What does that mean for the plane maker?

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Speaker 6: Yeah, I think for the plane maker it shouldn't be

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Speaker 6: too much cause for concern. But really it's a response

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Speaker 6: from the authorities to try and demonstrate to the public

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Speaker 6: that they are getting on top of this situation. They

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Speaker 6: are trying to reassure the flying public. And so with

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Speaker 6: the inspection of these checks of all seventy seven DASH

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Speaker 6: eight hundred models which will affect all airlines in the country,

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Speaker 6: so that's one hundred and one of these aircraft type,

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Speaker 6: we are trying to understand what does that actually mean

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Speaker 6: in terms of the checks which will last a few

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Speaker 6: days here, whether that means the authorities are ordering, for example,

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Speaker 6: the grounding all of these aircraft types, which would be

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Speaker 6: hugely disruptive. So this remains to be seen of this

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Speaker 6: investigation or checks of all of these other aircraft types.

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Speaker 6: And obviously this comes in light of what happened in

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Speaker 6: Seoul this morning of another JJUS seventy seven, the same

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Speaker 6: type of plane involved, which departed from Solgimpo Airport and

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Speaker 6: then also experience a landing issue. The airline confirmed.

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Speaker 6: He