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Speaker 1: Good morning.

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Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 2: stories we're following today.

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Speaker 3: We begin with the passing of a man who defined

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Speaker 3: foreign policy in the nineteen seventies and worked to shape

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Speaker 3: it for decades. After Henry Kissinger has died, Bloomberg political

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Speaker 3: contributor Rick Davis says Kissinger's influence was unmatched.

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Speaker 4: It's quite a career that lasted my entire life. I

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Speaker 4: would say that we've not seen much of the likes

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Speaker 4: of him, somebody who has never been elected to office,

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Speaker 4: but wielded as much power as any powerful president or

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Speaker 4: prime minister in the world.

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Speaker 3: Kissinger was credited with opening the door to China and

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Speaker 3: achieving detente with the Soviet Union, but he courted controversy

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Speaker 3: for supporting massive bombing campaigns in Vietnam and Cambodia. Bloomberg's

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Speaker 3: Ian Marlow says Kissinger leaves a complicated legacy around.

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Speaker 5: The world, in Asia in the Middle East. Could be

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Speaker 5: a polarizing figure, but I think that was in part

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Speaker 5: because he embodied that sort of American power. He was

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Speaker 5: one of the people at the center of American power,

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Speaker 5: and over a long period of time when the US

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Speaker 5: role in the world was also changing, and it is

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Speaker 5: to some extent and end of an era, and.

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Speaker 1: That era continued right to the end. This past July.

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Speaker 3: In fact, Henry Kissinger met with Chinese President Shi Jinping

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Speaker 3: in Beijing to discuss US China relations. Henry Kissinger died

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Speaker 3: yesterday at his home in Connecticut. He was one hundred

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Speaker 3: years old, and.

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Speaker 2: Nathan we turn out to breaking developments in the Middle East,

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Speaker 2: Israel and Hamas have agreed to extend their truce for

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Speaker 2: at least another day. The two sides announced the extension

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Speaker 2: just minutes before their ceasefire was due to end. Head

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Speaker 2: of the announcement, Secretary of State Anthony BLNCN explained what

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Speaker 2: he hopes to achieve during his visit to the region.

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Speaker 6: We'll discuss with.

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Speaker 7: Israel how it can achieve its objective of ensuring that

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Speaker 7: the terrorist attacks of October seventh never happen again, while

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Speaker 7: sustaining an increasing amount of train assistance and minimizing further

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Speaker 7: suffering and casualties among Palestine.

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Speaker 2: Civilians and Secretary of State Blincoln is currently in Tel

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Speaker 2: Aviv for his third visit since the attacks. He will

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Speaker 2: also visit the West Bank, the visit comes as more

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Speaker 2: captives were exchange yesterday evening, with ten hostages released by

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Speaker 2: Hamas in exchange for thirty Palestinians held by Israel.

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Speaker 3: And back here in the US, Karen House Speaker Mike

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Speaker 3: Johnson says he has real reservations about expelling Congressman George Santos.

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Speaker 3: We get that story from Bloomberg's At Baxter.

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Speaker 8: The resolution says the vote needs to happen today, but

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Speaker 8: Speaker Johnson says, for him, there are some real problems here.

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Speaker 2: I personally have real reservations about doing this.

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Speaker 9: I'm concerned about a president than may be set for that.

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Speaker 9: So where everybody's working through that and we'll see how

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Speaker 9: they vote.

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Speaker 8: Sados will be the first expulsion without a conviction on charges.

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Speaker 8: Johnson at one point yesterday said the vote would come Friday,

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Speaker 8: but the resolution does say today, so we'll see how

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Speaker 8: it works out. At Baxter Bloomberg Radio, All.

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Speaker 2: Right, ed, Thanks well. Elon Musk is talking about the

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Speaker 2: future of ex following and advertising boy and we get

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Speaker 2: the latest from Bloomberg's John Tucker.

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Speaker 10: John what the boycott is going to do mus says

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Speaker 10: is kill the company, and who does he blame? Well,

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Speaker 10: not himself, but the advertisers he herald in an expletive

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Speaker 10: their way, saying they can go bleep themselves. Those advertisers

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Speaker 10: include Walt Disney and Apple. Earlier this month, Musk agreed

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Speaker 10: with a post that said Jewish people hold a dialectical

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Speaker 10: hatred of white people. Well, that message has since drawn

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Speaker 10: widespread criticism. On stage at the New York Times Deal

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Speaker 10: Book conference, must did say the post was the worst

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Speaker 10: and dumbest he's ever done. Mustourage people to judge him

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Speaker 10: by his actions rather than his words. He brought up

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Speaker 10: his electric car company, Tesla, saying he's done more for

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Speaker 10: the environment than any human. I'm John Tucker, Bloomberg Radio.

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Speaker 3: All right, John, thank you. Now, let's take a look

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Speaker 3: at some stocks on the move this morning. Shares of

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Speaker 3: Salesforce are up nearly nine percent. The San Francisco based

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Speaker 3: software company gave a profit forecast for the current quarter.

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Speaker 3: The top D analyst estamates Salesforce is benefiting from its

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Speaker 3: cost cutting program.

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Speaker 2: Meanwhile, Nathan Snowflake is up about eight and a half percent.

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Speaker 2: The company gave a product sales outlook for the current

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Speaker 2: quarter that beat expectations. That's fueling hope that revenue is

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Speaker 2: stabilized after the software and maker experienced a dramatic slowdown

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Speaker 2: in growth during the past year.

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Speaker 3: Turning to the economy, differing views on inflation from two

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Speaker 3: Federal Reserve Regional Bank presidents. Atlanta FED president Rafael Bostik

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Speaker 3: says he's growing increasingly confident that inflation is firmly on

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Speaker 3: a downward path. On the other hand, Richmond FED chief

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Speaker 3: Thomas Barkins tell CNBC he's not yet convinced.

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Speaker 11: There's no precision that anyone can point to at exactly

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Speaker 11: what is the level of rates that exactly handles inflation

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Speaker 11: and exactly the way you want to handle it, and

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Speaker 11: so you're constantly trying to adjust on the flot.

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Speaker 3: Both Thomas Barkin and Rafael Bostik will be voting members

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Speaker 3: of the FOMC next year.

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Speaker 12: Well.

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Speaker 2: In corporate news, Nathan Online, a job search company, Indeed

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Speaker 2: is canceling the monthly mental health days it introduced during

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Speaker 2: the pandemic. Can we get this story from Bloomberg's Ellie Pellett.

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Speaker 1: It joins a growing group of firms pairing back benefits

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Speaker 1: they rushed to provide during the COVID nineteen crisis. Indeed

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Speaker 1: initiated so called you Days in June of twenty twenty,

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Speaker 1: giving all employees the same day off each month out

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Speaker 1: of time when exhausted staff were taking fewer vacation days

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Speaker 1: because of travel restrictions. Three years later, employees are once

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Speaker 1: again booking time off at a similar rate to before

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Speaker 1: the pandemic, so the company said quote. As a result,

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Speaker 1: we have agreed that the global need for you days

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Speaker 1: has passed. In New York, Charlie Pellett, Bloomberg Radio.

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Speaker 3: And Charlie, we just got inflation data from the Eurozone.

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Speaker 3: It cooled more than expected. Consumer prices rose two point

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Speaker 3: four percent from a year ago in November. That was

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Speaker 3: down from two point nine percent the previous month and

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Speaker 3: less than all estimates of economists surveyed by Bloomberg.

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Speaker 2: Sorry, Nathan, Thanks, It's time now for a look at

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Speaker 2: some of the other stories making news around the world.

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Speaker 2: For that, we're joal by Bloomberg's Amy Morris.

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Speaker 13: Say good morning, Good morning, Karen Ultra. Conservatives in the

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Speaker 13: House of Representatives have now softened their demands for deep

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Speaker 13: spending cuts to domestic programs, heightening the odds that two

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Speaker 13: parties can reach a spending agreement and avert of partial

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Speaker 13: government shutdown in January. The shift came after the House

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Speaker 13: failed to pass bills at the lower spending levels demanded

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Speaker 13: by the House random Caucus. They've been pushing for one

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Speaker 13: hundred twenty billion dollars in cuts. This softer stance gives

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Speaker 13: House Speaker Johnson Moore a room to negotiate a bipartisan

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Speaker 13: spending bill, as senators from both parties want to add

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Speaker 13: fourteen billion dollars in spending by designating it an emergency

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Speaker 13: not subject to that cap. As lawmakers consider an aid

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Speaker 13: package to Israel, Senate majority leader Chuck Schumer is issuing

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Speaker 13: a warning. Bloomberg's at Nancy Lyons has that part of

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Speaker 13: the story.

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Speaker 14: Senator Schumer, who is the highest ranking Jewish elected official

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Speaker 14: in the country, spent forty five minutes on the Senate

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Speaker 14: floor to crying the rise in anti Semitism at a

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Speaker 14: level not seen in decades.

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Speaker 15: The normalization and excusation of this rise and hate is

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Speaker 15: the danger many Jewish people fear most.

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Speaker 14: The Anti Defamation League says anti Semitic incidents of nearly

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Speaker 14: quadrupled since the onset of the Israel Hamas War. Schumer

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Speaker 14: says It's time for a clear throated denouncement of the

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Speaker 14: hate in Washington, Nancy lyons Bloomberg Radio.

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Speaker 13: And that new poll shows the number of college students

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Speaker 13: experiencing or witnessing anti semitism is also up this academic year.

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Speaker 13: That poll by the Jewish led Anti Defamation League and

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Speaker 13: Hillel International found that nearly three in four Jewish students

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Speaker 13: and forty four percent of non Jewish students saw or

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Speaker 13: experienced anti Jewish ideas since the start of the twenty

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Speaker 13: three to twenty four school year. A very special holiday display.

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Speaker 13: Now at sixteen hundred Pennsylvania Avenue, the White House South

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Speaker 13: Lawn has an ice skating rink to celebrate the holidays.

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Speaker 13: First Lady Jill Biden unveiled the rink with skating performances

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Speaker 13: from figure skaters and Peanuts characters.

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Speaker 3: What's more magical and wonderful and joyful then, you know,

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Speaker 3: being on an ice rink in.

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Speaker 14: The South one of the White House.

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Speaker 13: Who knew right A, Military, families, first responders, and other

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Speaker 13: special invited guests can enjoy the White House skating rink

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Speaker 13: in December. It will not be open to the public.

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Speaker 13: Global News twenty four hours a day, and whenever you

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Speaker 13: want it with Bloomberg News Now. I'm Amy Morrison. This

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Speaker 13: is Bloomberg Karen right, Amy, Thank you well.

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Speaker 2: We bring you news throughout the day right here on

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Speaker 2: Bloomberg Radio. But now you can get the latest news

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Speaker 2: on demand whenever you want it. Subscribe to Bloomberg News

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Speaker 2: Now to get the latest headlines at the click of

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Speaker 2: a button. Get informed on your schedule. You can listen

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Speaker 2: and subscribe to Bloomberg News Now on the Bloomberg Business app,

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Speaker 2: Bloomberg dot Com plus apples, Spotify, and anywhere else you

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Speaker 2: get your podcasts. Time now for the Bloomberg Sports Update.

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Speaker 2: Here's John stash Hour John.

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Speaker 15: Daron upset in college basketball. They stormed the court in

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Speaker 15: Fayetteville after Arkansas and opt off seventh rank Duke eighty

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Speaker 15: to seventy five North Carolina ranked seventeen, put up sixty

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Speaker 15: one points in the first half in Chapel Hill and

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Speaker 15: beat tenth thrank Tennessee one hundred and ninety two. So

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Speaker 15: they split fourteen games in the acc SEC Challenge over

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Speaker 15: the previous two nights. They both won seven times. A

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Speaker 15: couple of bad teams at the NBA's Eastern Conference, the

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Speaker 15: Pistons the Wizards. They played the other night. Washington won,

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Speaker 15: but the Wizards lost in Orlando, won thirty nine to

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Speaker 15: one twenty. The Magic thirteen and five on the year.

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Speaker 15: The Wizards are three and fifteen. The Pistons are two

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Speaker 15: and seventeen. They bought fifteen games in a row. Blown

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Speaker 15: out at home, Lakers won one thirty three to one

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Speaker 15: oh seventy. Angelo Russell scored thirty five. Seahawks and Cowboys

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Speaker 15: ticking off Week thirteen tonight in Dallas. They both played

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Speaker 15: last Thursday. Cowboys won easily and Seattle lost to the

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Speaker 15: forty nine Ers. These two teams are in second place

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Speaker 15: in the NFC East and West. The teams that are

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Speaker 15: in first place in those divisions the Eagles and forty

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Speaker 15: nine Ers, and they play Sunday. That's the big game

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Speaker 15: of Week thirteen. It's a rematch of last year's in

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Speaker 15: at Championship. Joe Flacco now with the Cleveland Browns. They

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Speaker 15: brought him in when the Shawn Watson went down. He's

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Speaker 15: gone from third string QB to second and Dorian Thompson

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Speaker 15: Robinson is in concussion protocol, so Flaco may start Sunday

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Speaker 15: against the Rams. Patriots not saying anything official as usual

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Speaker 15: for them, but it sounds like mac Jones goes to

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Speaker 15: the bench. Bailey ZAPPI expected to start on Sunday. John

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Speaker 15: stashed were Bloomberg Sports.

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Speaker 6: From coast to coast, from New York to San Francisco,

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Speaker 6: Boston to Washington, DC, nationwide on Syrias exam the Bloomberg

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Speaker 6: Business app in Bloomberg dot com.

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Speaker 3: This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We

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Speaker 3: want to reflect more on the life and legacy of

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Speaker 3: Henry Kissinger, who died yesterday at his home in Connecticut

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Speaker 3: at the age of one hundred. Kissinger was born in

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Speaker 3: nineteen twenty three in the German state of Bavaria. He

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Speaker 3: moved to the US in nineteen thirty eight to escape

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Speaker 3: Nazi persecution. The son of a Jewish school teacher. At

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Speaker 3: age nineteen, while a student at the City College of

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Speaker 3: New York, Kissinger was drafted into the army in the US,

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Speaker 3: serving as an interpreter during World War II, and after

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Speaker 3: the war he helped round up Gestapo officers as a

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Speaker 3: member of the nine hundred and seventieth Counter Intelligence Corps.

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Speaker 3: Kissinger spoke earlier this year with Bloomberg's editor in chief

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Speaker 3: John Micklethwaite, and said he saw the first hand impact

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Speaker 3: of authoritarianism and totalitarianism in his youth.

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Speaker 16: It was an experience which it's so elemental then it

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Speaker 16: becomes part of you.

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Speaker 3: Kissinger brought that experience back with him to the United States.

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Speaker 3: He resumed his studies at Harvard University. His doctoral dissertation

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Speaker 3: there focused on balances of power in nineteenth century Europe.

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Speaker 3: As a tenured professor at Harvard, Kissinger honed of the

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Speaker 3: conservative real politic worldview that would dominate his thinking on

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Speaker 3: foreign policy for more than a half century. Kissinger also

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Speaker 3: cultivated relationships with policymakers in Washington that led him to

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Speaker 3: the White House in nineteen sixty nine as National Security

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Speaker 3: Advisor to President Richard Nixon. Kissinger's secret trips to China

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Speaker 3: in nineteen seventy one paved the way for arguably the

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Speaker 3: greatest foreign policy achievement of the Nixon presidency. His own

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Speaker 3: visit the following year.

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Speaker 12: Knowing of President Nixon's express desire to visit the People's

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Speaker 12: Republic of China, Premier Cho and lie On behalf of

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Speaker 12: the government of the People's Republic of China has extended

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Speaker 12: an invitation to President Nixon to visit China.

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Speaker 3: The opening of China and an anti ballistic missile treaty

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Speaker 3: hammered out with the Soviet Union achieved what would become

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Speaker 3: known as Kissinger's triangular diplomacy, but his penchate for secrecy

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Speaker 3: would lead to controversy. Kissinger was the first person to

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Speaker 3: serve as both National Security Advisor and Secretary of State

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Speaker 3: at the same time. That allowed Nixon to run foreign

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Speaker 3: policy more or less directly from the White House. The

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Speaker 3: president summed up his attitude in a taped conversation with

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Speaker 3: Kissinger about the Christmas Day bombing in Vietnam in nineteen

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Speaker 3: seventy two. Kissinger fed into that paranoia about enemies and

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Speaker 3: the press by ordering wiretaps of reporters and White House

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Speaker 3: aids looking for leaks. That expanded use of surveillance led

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Speaker 3: to Nixon's resignation under the weight of Watergate, but the

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Speaker 3: weight of one major foreign policy decision would cloud Kissinger's

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Speaker 3: legacy for the rest of his long life. The Secret

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Speaker 3: War in Cambodia. Kissinger orchestrated the operation that dropped more

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Speaker 3: than one hundred thousand tons of bombs on North Vietnamese

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Speaker 3: positions in the country. It helped lead to the rise

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Speaker 3: of a genocidal Khmer Rouge regime after the war, but

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Speaker 3: Kissinger would never stop defending his conduct in Vietnam, even

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Speaker 3: against critics who labeled him a war criminal.

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Speaker 16: Would say a better way At any one point, we

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Speaker 16: didn't think so. I still don't think so. But I'm

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Speaker 16: open into that argument. But what is meant by better.

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Speaker 3: That pragmatic approach to the world as it is rather

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Speaker 3: than how policymakers might like it to be what informed

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Speaker 3: Kissinger's view long after he left public office and sought

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Speaker 3: to wield influence as a private citizen. At the age

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Speaker 3: of eighty eight, Kissinger wrote the book on China, about

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Speaker 3: the country he helped to bring back to the world stage.

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Speaker 3: In a twenty twenty interview at the Bloomberg New Economy Forum,

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Speaker 3: Kissinger warned of the risks of confrontation between the world's

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Speaker 3: two biggest economies.

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Speaker 16: Let's say, at some basis for some cooperative action to wills,

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Speaker 16: Bill Slide hid a catastrophe. Comfortable do will do a one.

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Speaker 3: And Henry Kissinger worked to head off that catastrophe. After

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Speaker 3: reaching his hundredth birthday this year, when President Biden sent

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Speaker 3: cabinet secretaries to Beijing to try to stabilize relations, the

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Speaker 3: one US diplomat that Chinese President Shi Jinping met face

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Speaker 3: to face this summer was the man who he called

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Speaker 3: an old friend to China, former Secretary of State Henry Kissinger.

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Speaker 3: And for more, we are joined from Singapore by Bloomberg

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Speaker 3: News Managing editor Derek Wallbank. A mixed legacy, Derek, but

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Speaker 3: an undeniable legacy at the same time.

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Speaker 9: I think that's exactly right.

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Speaker 6: An.

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Speaker 9: I think you did a brilliant job setting this up

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Speaker 9: and there when when we're talking about the reaction, especially

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Speaker 9: out here, I think the the polarity of feedback has

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Speaker 9: been striking today. You know, Kissinger was a sort of

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Speaker 9: person that in some corners of the world was a

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Speaker 9: lionized statesman, and some other corners in the world, uh,

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Speaker 9: they considered him an absolute scoundrel. And and and there's

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Speaker 9: not really a giant a mix of those right now,

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Speaker 9: certainly through Asia hours and you're you're talking about somebody

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Speaker 9: who in Singapore was was somebody that that foreign ministers

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Speaker 9: would would make pilgrimage to his apartment in New York City.

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Speaker 9: Every time that there was a UN General Assembly meeting China.

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Speaker 9: You saw that you mentioned the reaction from Xi jianpingg

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Speaker 9: He's Uh. Kissinger was described as an old friend of

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Speaker 9: the Chinese people's there's a mournful reaction from from China

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Speaker 9: at the same time.

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Speaker 10: Uh.

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Speaker 9: This is somebody who throughout parts of Southeast Asia, UH,

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Speaker 9: particularly Cambodia, allows Vietnam, et cetera. You know, Indonesia, parts

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Speaker 9: of team or less. It's like it is not held

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Speaker 9: in anywhere the same sort of thing. It's a very

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Speaker 9: polarizing person, but certainly somebody who had I think it

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Speaker 9: is unanimous to say a titanic effect on the world

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Speaker 9: in which he lived.

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Speaker 3: No doubt, and to you put it into the context

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Speaker 3: of where US China relations stand now. I think it'd

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Speaker 3: gotten a little bit better since the low that we

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Speaker 3: saw after the alleged spy balloon incident back in February.

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Speaker 3: But talk a little bit more about the impact that

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Speaker 3: Henry Kissinger tried to wield even up to the end,

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Speaker 3: as President Biden was trying to put US China relations

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Speaker 3: sort of back on the rails.

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Speaker 9: I think one of the most notable things sitting here

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Speaker 9: as as we closely have tracked the decline in relationships

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Speaker 9: between the two superpowers, is how Henry Kissinger always seemed

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Speaker 9: to be the one American who could get a meeting

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Speaker 9: with anyone he wanted in China. I mean anybody he wanted.

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Speaker 9: I saw in Chinese state media today retrospectives of here

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Speaker 9: was Henry Kissinger visiting it this year, and then two

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Speaker 9: years later, and then three years later, and etcetera, etcetera, etcetera.

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Speaker 9: Gotten down the line, he met with anybody he wanted,

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Speaker 9: He met any time he wanted, and senior, senior Chinese

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Speaker 9: folks would would go to him, would would want to

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Speaker 9: talk to him to get a sense of where the

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Speaker 9: things were in the United States, and vice versa. You know,

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Speaker 9: he was a counselor to presidents of his party or not,

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Speaker 9: people who agreed with him or not. He was seen

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Speaker 9: as this respected voice that when he was in the room,

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Speaker 9: people felt like they needed to listen to on both

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Speaker 9: sides of this relationship, because as they say, he was

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Speaker 9: so respected in China, and in these days you find

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Speaker 9: somebody who who is you know, who is American, who

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Speaker 9: has deeptised in the American state, who who is that

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Speaker 9: respected in China is It's a very very small list, right,

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Speaker 9: and Henry Kissingtram might have been right at the.

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Speaker 5: Top of that list.

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Speaker 3: Well, we think about the passing of a former Secretary

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Speaker 3: of State who saw the world as it is. We

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Speaker 3: have a current Secretary of State, Anthony Blincoln, who is

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Speaker 3: back in a part of the world that is as

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Speaker 3: restive as anywhere else in the Middle East. Let's talk

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Speaker 3: a little bit about the latest that's happening in the

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Speaker 3: conflict between Israel and Hamas and the influence the Secretary

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Speaker 3: of State Blincoln is trying to have as this tenuous

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Speaker 3: ceasefire continues.

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Speaker 9: Yeah, and the thing that I think everybody's waiting for

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Speaker 9: is to see how long this ceasefire will go. It

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Speaker 9: was supposed to expire at seven am local time Thursday.

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Speaker 9: It got extended for another day. I mean the announcement

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Speaker 9: here just minutes before that ceasefire was due to end.

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Speaker 9: There had been reports of small violations here and there

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Speaker 9: of things. We have seen a steady drip drip of

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Speaker 9: hostage releases. But it's a very very tenuous. I don't

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Speaker 9: even want to use the word piece. It's a very

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Speaker 9: it's a very tenuous pause. Let's go with pause, because

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Speaker 9: a pause implies that the play button is back. It

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Speaker 9: is also on the table that the restart could be

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Speaker 9: coming soon. So I think that's the question. How much

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Speaker 9: progress are we getting here? You do see the United

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Speaker 9: States trying to play in here. I think I think

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Speaker 9: the Biden administration is politically finding itself in a in

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Speaker 9: a in a tough spot. They are trying to have

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Speaker 9: some guardrails that they're trying to communicate to the Israelis.

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Speaker 9: At the same time, you know, the the US is

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Speaker 9: permissioning I if I can use that word, they're they're

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Speaker 9: certainly you know, they're they're they're certainly Israel's biggest friend

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Speaker 9: on the world stage.

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Speaker 6: Right.

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Speaker 9: So so that's a little bit of a difficult position

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Speaker 9: that the Biden administration is trying to tread a little

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Speaker 9: bit carefully. But they are trying to influence, uh, what's

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Speaker 9: what's going on in that in that part of the world,

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Speaker 9: and they have a lot of place to play. At

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Speaker 9: the same time, you see countries like Egypt, countries like

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Speaker 9: Cats are trying to you know, trying to influence Maybe

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Speaker 9: they might be more simply sympathetic to other sides than

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Speaker 9: the US administration might be, but all sort of trying

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Speaker 9: to find and feel a way out of this so

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Speaker 9: that it doesn't conflagrate more. All the while, also, it

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Speaker 9: should be said, trying to keep nation states that are

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Speaker 9: currently mostly on the side on the side. And I'm

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Speaker 9: thinking here of countries like Iran to prevent this from

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Speaker 9: escalating into something even more than it is right now.

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Speaker 9: It's certainly a touch and go sort of thing right now.

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Speaker 9: And I do as I say, I think, I think

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Speaker 9: it carries some political risk. I mean, look, we're we're

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Speaker 9: we're less than twelve months out from the US presidential election,

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Speaker 9: and a lot of the people who are protesting in

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Speaker 9: the streets in the United States are people who you

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Speaker 9: would find in a normal Democratic coalition who are deeply

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Speaker 9: upset with the president right now and vowing not to

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Speaker 9: vote for him in any circumstance. Right that's a part,

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Speaker 9: that's a group of people he needs to come out

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Speaker 9: for him next year, and so it's a very very

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Speaker 9: delicate ballot.

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