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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: Good morning.

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Speaker 3: I'm Nathan Hager and I'm Lisa Matteo. Here are the

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Speaker 3: top stories we're following today.

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Speaker 4: Lisa, we begin at the White House, where President Trump

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Speaker 4: says he has accepted an honor he has long said

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Speaker 4: he deserves. The President says Venezuelan opposition leader Maria Cariina

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Speaker 4: Machado presented him with her Nobel Peace Prize medal during

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Speaker 4: a White House meeting. In a social media post, the

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Speaker 4: President called it a wonderful gesture of mutual respect. Machado

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Speaker 4: compared it to a similar gesture two hundred years ago,

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Speaker 4: when the Marquis de Lafayette presented a medal of George

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Speaker 4: Washington to Venezuela's Simon Boulouvar for liberating much of South

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Speaker 4: America from Spain.

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Speaker 5: The people of Believer are giving back to the hair

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Speaker 5: of Washington a medal.

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Speaker 3: In this case, a medal of the Nobel Peace Prize, as.

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Speaker 6: A recognition for his unique commitment.

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Speaker 7: With our freedom.

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Speaker 4: Maria Karina Machado may be hoping to get in President

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Speaker 4: Trump's good graces after the ouster of Nicolas Madoro. The

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Speaker 4: President has said she doesn't have the support or respect

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Speaker 4: to run her country, clearing the way for Venezuela's Vice

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Speaker 4: president Delsi Rodriguez to take over as acting president.

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Speaker 3: To the latest on Greenland, Nathan, Both Denmark and Greenland

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Speaker 3: are stepping up lobbying of US lawmakers in an effort

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Speaker 3: to head off President Trump's push to take control of

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Speaker 3: the island.

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Speaker 6: A group of senators is set.

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Speaker 3: To meet members of the Danish parliament in Copenhagen today

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Speaker 3: to show a support for greenland sovereignty. Jean Shaheen is

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Speaker 3: the most senior Democrat of the Senate Foreign Relations Committee.

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Speaker 3: She tells Bloomberg's Michelle Who's saying that the Senate is

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Speaker 3: just looking for clarity.

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Speaker 5: I don't think there is any concern on the part

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Speaker 5: of our allies, Denmark and Greenland about partnering with the

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Speaker 5: United States, and that's the route we should be taking.

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Speaker 5: It should be diplomatic, We should be engaging in conversations

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Speaker 5: if there is an interest on the part of this

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Speaker 5: administration in additional operations.

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Speaker 3: There New Hampshire Senator Geene Shaheen. Get the full conversation

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Speaker 3: on Bloomberg's The Michelle Hussein Show. It's available on the

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Speaker 3: Bloomberg Podcast channel on YouTube, and high level talks between Denmark,

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Speaker 3: Greenland and the US earlier this week ended in a stalemate.

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Speaker 4: And Lisa Bloomberg Economics has found President Trump is following

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Speaker 4: through on more of his threats during his second term.

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Speaker 4: In his first term, the president carried about carried out about.

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Speaker 2: Forty percent of the threats he made.

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Speaker 4: That rate has risen in his second administration, leading some

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Speaker 4: to say that the taco trade investor shorthand for Trump

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Speaker 4: always chickens out, maybe fading. We get more from Bloomberg

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Speaker 4: Chief Emerging Markets economist Zia Daoud.

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Speaker 8: My colleague Jennifer Welsh actually looked at trumpstrakracord in terms

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Speaker 8: of his threats and whether he cues them through, and

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Speaker 8: she found that at least in a second term, he

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Speaker 8: basically exercised about sixty percent of the threats that he

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Speaker 8: came up with, and that included against Houthi's in Yemen,

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Speaker 8: that included strikes against Nigeria and ominously for Iran, also

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Speaker 8: strucks against Iran itself, So not good news for Iran.

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Speaker 4: There with ziadaouda Bloomberg Economics and UN Ambassador Mike Waltz

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Speaker 4: renewed threats against Iran at the UN Security Council, saying quote,

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Speaker 4: all options are on the table to stop the slaughter

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Speaker 4: of protesters.

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Speaker 3: Another geopolitical news, Nathan China and Canada are normalizing ties.

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Speaker 6: This morning.

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Speaker 3: The two countries reached a wide ranging agreement to lower

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Speaker 3: trade barriers, including a reduction in taris for Canadian, Canola

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Speaker 3: and Chinese electric vehicles. Prime Minister Mark Karney is in

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Speaker 3: China meeting with Jijiping. It's the first visit by a

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Speaker 3: Canadian leader to Beijing in eight years.

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Speaker 9: It's expected that within three years this agreement will drive

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Speaker 9: considerable Chinese investment in Canada's auto sector, creating good careers

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Speaker 9: in Canada and accelerating our progress towards the net zero

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Speaker 9: future and the auto industry of the future.

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Speaker 3: And that was Canada's Mark Arnie, who has been seeking

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Speaker 3: to rebuild relations with Beijing and reduce Canada's reliance on

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Speaker 3: the US. After President Donald Trump in posts we mean tariffs.

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Speaker 2: I'm back here at home Lia.

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Speaker 4: President Trump's issuing a threat to Minnesota after weeks of

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Speaker 4: protest over the immigration enforcement surge in Minneapolis. The President

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Speaker 4: posted on social media he'll invoke the Insurrection Act and

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Speaker 4: send the military to the state, lets the state and

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Speaker 4: local officials stop attacks on ICE agents. But after last

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Speaker 4: week's shooting death of Renee Good and another ICE involved

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Speaker 4: shooting this week, Minnesota Governor Tim Waltz is making a

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Speaker 4: direct appeal to the President, asking him to quote stop

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Speaker 4: this campaign of retribution. White House Press Secretary Caroline Levitt

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Speaker 4: says the President is open to speaking with the governor.

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Speaker 7: I'm not sure if that's a genuine offer to speak

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Speaker 7: with the president. Look, the President is always willing to

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Speaker 7: answer the phone when people pick up and call. When

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Speaker 7: there was another tragic shooting many months ago in Governor

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Speaker 7: Walls's state, he spoke directly with the governor.

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Speaker 2: Press Secretary Caroline Levitt at the White House.

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Speaker 9: No.

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Speaker 4: President Trump has threatened to use the Insurrection Act before

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Speaker 4: but has not followed through. The last time the law

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Speaker 4: was invoked was in nineteen ninety two during the Rodney

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Speaker 4: King riots in Los Angeles.

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Speaker 3: Well, a Trump administration's latest attack on the FED may

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Speaker 3: have just the opposite effect of what the President wants.

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Speaker 3: Let's get the latest from Bloomberg's John Tucker.

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Speaker 6: Good Morning John, and Good morning Lisa.

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Speaker 10: The Trump Justice Department's investigation of the FED. The President's

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Speaker 10: personal attacks on Chairman Jerome Powell stoke expectations that Palell

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Speaker 10: will stay on the Board of Governors after his term

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Speaker 10: as chair ends in May. It's far from clear how

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Speaker 10: the legal process is going to play out and what

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Speaker 10: decision Powell will ultimately make on his future. Those who

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Speaker 10: know Pale say if he does stay on, he would

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Speaker 10: only do so to protect the institution and would have

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Speaker 10: no interest in playing a role as a shadow FED chair.

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Speaker 10: But if the legal development does provoke Pale to stay,

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Speaker 10: it would up end President Trump's stated plans to stack

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Speaker 10: the board with officials who will bend to his will.

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Speaker 10: It could also create a powerful counterway inside the FED

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Speaker 10: to whomever President Trump picks the next FED chair. You know, York,

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Speaker 10: I'm John Tucker, Bloomberg Radio.

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Speaker 4: Well, John, you can scratch any thought of Jamie Diamond

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Speaker 4: becoming the next FED chair. The JP Morgan Chase CEO

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Speaker 4: tells Bloomberg hosts David Rubinstein, he's not interested.

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Speaker 11: Well, Chairman of the FED. I'd put in the absolutely positively,

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Speaker 11: no chance, no way, no how, for any reason.

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Speaker 12: Okay, thank you for doing Treasury.

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Speaker 11: I would consider if A president calls you up and

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Speaker 11: asks you to do something you know you should consider it.

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Speaker 11: So I would take the call and consider it and

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Speaker 11: think about why and what they want, et cetera.

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Speaker 4: JP Morgan Chase CEO Jamie Diamond speaking there with David

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Speaker 4: Rubinstein at a US Chamber of Commerce event. You can

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Speaker 4: catch their full conversation on The David Rubinstein Show Peer

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Speaker 4: to Peer Conversations. It airs Wednesday at nine pm Wall

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Speaker 4: Street Time on Bloomberg Television.

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Speaker 6: Nathan wall Street's Five Biggest Bangs.

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Speaker 3: Well, they reported a record one hundred and thirty four

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Speaker 3: billion dollars of trading revenue last year, and they say

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Speaker 3: more is coming. Morgan Stanley CEO Ted pick let the

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Speaker 3: optimist them the.

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Speaker 13: Results for every quarter over the last eight are a

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Speaker 13: blueprint for Morgan Stanley's success. We expect this mix of

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Speaker 13: tailwinds and headwinds to prevail in twenty twenty six and

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Speaker 13: are prepared to continue.

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Speaker 2: To execute well.

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Speaker 3: Like Morgan Stanley's Ted Pig Goldman Sach CEO David Solomon

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Speaker 3: was optimistic too.

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Speaker 14: I think the world is set up at the moment

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Speaker 14: to be incredibly constructive in twenty twenty six. For m

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Speaker 14: and A and capital markets activity. And I think the

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Speaker 14: likely scenario is it is a very very good year

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Speaker 14: for M and A and capital markets activity.

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Speaker 3: Goldman Zach CEO David solomonel Shares of Morgan Stanley and

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Speaker 3: Goldman both rose the most since April, getting five point

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Speaker 3: eight percent and four point six percent yesterday.

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Speaker 4: POLISA, President Trump and the governors of several Northeastern states

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Speaker 4: have agreed to push for an emergency wholesale electricity auction

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Speaker 4: that could compel tech companies to effectively fund new power plants.

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Speaker 4: The unprecedented plan is set to be announced this morning.

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Speaker 4: It seeks to address growing tensions over how the US

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Speaker 4: can supply electricity to our hungry data centers, which are

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Speaker 4: seen as necessary to help win the global AI race,

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Speaker 4: without at the same time hiking utility bills for homes

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Speaker 4: and businesses.

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Speaker 3: And Finally, Nathan, a last ditch effort by Microsoft and

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Speaker 3: Open Ai to avoid a trial with Elon Musk has

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Speaker 3: been defeated. Must claims that sam Altman's startup betrayed its

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Speaker 3: founding mission as a public charity when it took billions

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Speaker 3: in funding from Microsoft and made plans to operate as

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Speaker 3: a for profit business.

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Speaker 6: A federal judge in California yesterday.

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Speaker 3: Ordered the case to proceed to a jury trial set

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Speaker 3: for late April. Must help Altman and others launch open

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Speaker 3: AI in twenty fifteen, and went on to found his

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Speaker 3: own artificial intelligence company in twenty twenty three. Time now

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Speaker 3: for a look at some of the other stories making

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Speaker 3: news in New York and around the world. For that,

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Speaker 3: we're joined by Bloomberg's Michael bar Good morning, Michael.

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Speaker 15: Good morning Lisa. There's no end in sight yet for

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Speaker 15: the New York City nurses strike, which is entering its

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Speaker 15: fifth day. Nearly fifteen thousand nurses walked off the job

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Speaker 15: Monday after contract talks stalled over pay, better benefits, and

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Speaker 15: workplace security. Negotiations resumed at New York Presbyterian Hospital last night,

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Speaker 15: but ended with no resolution on the picket line. The

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Speaker 15: Uniformed fire Fighters Association, which represents the largest body of

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Speaker 15: firefighters in the nation, also joined the nurses.

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Speaker 11: Nobody ever, said it's an emergency.

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Speaker 12: Somebody get management.

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Speaker 16: They're looking for nurses, They're looking for firefighters.

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Speaker 2: People respect the work we do.

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Speaker 15: The hospitals, however, say the New York State Nurses Association,

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Speaker 15: demands are unrealistic. A federal appeals panel yesterday reversed a

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Speaker 15: lower court decision that released former Columbia University graduate student

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Speaker 15: Mockmood Khalil from an immigration jail. It brings the government

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Speaker 15: one step closer to detaining and ultimately deporting the Palestinian

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Speaker 15: activists actor and director Timothy Bussfield. We'll get a court

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Speaker 15: hearing next Tuesday on where he should be held in

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Speaker 15: jail pending a trial on child sex abuse charges. Busfield

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Speaker 15: remains at the Metropolitan Detention Center in Albuquerque after turning

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Speaker 15: himself in on Tuesday. District Attorney Sam Brickman, first.

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Speaker 17: And foremost, it's important to emphasize that the defendant, Timothy

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Speaker 17: Busfield is presumed innocent and until and unless he's proven

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Speaker 17: guilty in a court of law.

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Speaker 12: D A.

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Speaker 15: Bregman says. Busfield is currently charged with two counts of

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Speaker 15: criminal sexual contact of a child under thirteen and one

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Speaker 15: count of child abuse. Global News twenty four hours a

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Speaker 15: day and whenever you want it with Bloomberg News Now.

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Speaker 15: I'm Michael Barr, and this is Bloomberg Lisa.

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Speaker 2: Thanks Michael.

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Speaker 16: Time now for a Bloomberg Sports update. For that, we

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Speaker 16: bring in John stash hour.

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Speaker 18: The LA Dodgers two time defending World Series champions, and

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Speaker 18: they continue to spend incredible amounts of money. Outfielder Kyle

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Speaker 18: Tucker was considered to be the best free agent in

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Speaker 18: this year's He's going to the Dodgers for a four

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Speaker 18: year deal. He'll make sixty million a year. The Dodgers

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Speaker 18: have eight players with deals of over one hundred million.

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Speaker 18: The Warriors beat the Knicks. Joseph kaminga re signed to

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Speaker 18: the offseason, couldn't be treated until now.

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Speaker 2: He has requested that the Warriors trade him. That's your

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Speaker 2: Bloomberg Sports updeat.

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Speaker 16: Stay with us more from Bloomberg Daybreak coming up after this.

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Speaker 1: Coast to coast on Bloomberg Radio nationwide on Serious Exam

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business Appum.

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Speaker 6: This is Bloomberg Daybreak.

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Speaker 2: Good morning of Nathan Hager.

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Speaker 4: With little letup to the Trump administration's pressure on the

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Speaker 4: FED chair J Powell announced, of course, those Justice Departments

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Speaker 4: subpoenas against him, and President Trump since then has said

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Speaker 4: he's looking forward to Powell leaving we.

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Speaker 11: Having a FED person.

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Speaker 12: He was extended by Biden and yeah, I think he's wrong.

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Speaker 12: I think he's wrong. He's he's done a bad job.

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Speaker 2: That was a president to Day Detroit this week.

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Speaker 4: But the threat of criminal charges is raising speculation the

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Speaker 4: move could backfire on the President and encourage Powell to

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Speaker 4: stay on. Joining us for more on this is Bloomberg

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Speaker 4: News Senior editor Alistair Bold.

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Speaker 2: Alistair, is this more than just speculation?

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Speaker 19: Good morning, good morning, Thanks for having me on. So

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Speaker 19: it's a mess. But the reason it's a mess is

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Speaker 19: in a way illustrating a very deliberate design feature of

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Speaker 19: the Federal Reserve. When lawmakers set the institution up at

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Speaker 19: the early part of the last century, they knew that

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Speaker 19: it would be subject to political interference, so they granted

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Speaker 19: fed governor's fourteen year terms. The very reason that Jerome

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Speaker 19: Powell has the option of staying on the board after

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Speaker 19: his timers chair ends in May is because of that

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Speaker 19: institutional feature. And so while it's convention that he steps down,

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Speaker 19: his ability to remain there would really be just sort

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Speaker 19: of triggering that defense mechanism for the institution to defend

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Speaker 19: it from political pressure, which is why this has now

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Speaker 19: floated up to the service. And I think a lot

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Speaker 19: of people when they heard his statement on Sunday, read

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Speaker 19: between the lines as him saying to the administration, if

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Speaker 19: you do this, I'm going to stay on the board.

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Speaker 4: Well what does what's the risk that if he does

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Speaker 4: stay on the board that it would create something of

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Speaker 4: a shadow chair position for whoever the President nominates next

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Speaker 4: to take over the chairmanship.

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Speaker 19: Well that's a very real risk. But how it plays

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Speaker 19: out for policy, I think is a little bit harder

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Speaker 19: to game out. Are colleague Anna Wong, who's Bloomberg Economics

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Speaker 19: chief US economist, said that she thinks that J. Powell

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Speaker 19: is one of four doves on the board. There's an

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Speaker 19: irony to this. The Trump administration is targeting him, but

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Speaker 19: he may be their strongest voice for lower interest rates

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Speaker 19: on the FOMC. So if he does stay, I don't

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Speaker 19: think it's one shouldn't assume he's just going to block

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Speaker 19: the new chair in lowering interest rates. He be fought

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Speaker 19: the data would warrant it. I mean, I think that's

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Speaker 19: an important point here. Jerome Power has led the said

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Speaker 19: to be very data dependent. They may have made policy mistakes.

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Speaker 19: I think they've missed that with keeping interest rates too

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Speaker 19: low for too long during the inflation episode, but he's

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Speaker 19: not really he's going to deliberately do the wrong thing

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Speaker 19: just despite the Trump administration. So if he does stay

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Speaker 19: on the board, I don't think it's a given that

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Speaker 19: that means policy is going to be more hawkish than otherwise,

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Speaker 19: but it's certainly going to make it harder to figure

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Speaker 19: out for markets.

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Speaker 4: Yeah, I would to think so in our last minute here,

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Speaker 4: would it make it more difficult for that next chair

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Speaker 4: to build the kind of consensus that the position is

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Speaker 4: supposed to.

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Speaker 2: Promote.

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Speaker 19: It would definitely make it hard, but that job was

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Speaker 19: already going to be very difficult and made more complicated

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Speaker 19: by the grand courts of poenas. Because the Institution and

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Speaker 19: the and the other board members they will they will

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Speaker 19: respect the arguments that they hear in the room. But

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Speaker 19: if somebody comes in and they're immediately viewed with suspicion

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Speaker 19: as somebody who's just there to carry ward of the

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Speaker 19: President to reverse engineer any argument from economics to justify

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Speaker 19: lower interest rates, they're not going to win the argument

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Speaker 19: in any way, regardless of whoever else is around the table.

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Speaker 19: And if one of those people is Drone.

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Speaker 4: Pale again, great to have you back on with us. Alistair,

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Speaker 4: thank you so much. That's Alistair Bull. He is senior

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Speaker 4: editor for Bloomberg News.

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Speaker 3: Lisa, all right, Nathan, repeating some of our top stories

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Speaker 3: this morning. President Trump says he's accepted Maria Corrida Machado's

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Speaker 3: Nobel Peace Prize medal, the Venezuelan opposition leader hoping to

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Speaker 3: get in the President's good graces. Norwegian experts are calling

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Speaker 3: the move pathetic and embarrassing.

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Speaker 4: A group of US senators is in Copenhagen for meetings

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Speaker 4: with lawmakers as Denmark and Greenland's step up lobbying against

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Speaker 4: President Trump's push to take control of the Arctic territory.

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Speaker 3: And Bloomberg Economics says iron might not be able to

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Speaker 3: count on the so called taco trade or Trump always

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Speaker 3: chickens out. A Bee analysis finds a president has followed

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Speaker 3: through on sixty percent of his threats in his first year,

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Speaker 3: up from forty percent during his first term.

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Speaker 4: And we have more on those stories coming up on

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Speaker 4: Bloomberg Daybreak.

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Speaker 6: All right, let's bring you another.

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Speaker 3: One of our top stories right now is JP Morgan

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Speaker 3: CEO Jamie Diamond. He says there's no chance he'll be

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Speaker 3: the next chair of the Federal Reserve. But speaking yesterday

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Speaker 3: to Carla A Group co founder and Bloomberg television host

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Speaker 3: David Rubinstein, Diamond didn't role out becoming Treasury secretary.

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Speaker 9: Now.

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Speaker 3: The two spoke at the Chamber of Commerce is twenty

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Speaker 3: twenty six State of American Business event.

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Speaker 6: Let's listen in.

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Speaker 11: Well, Chairman of the Fed, I'd put in the absolutely positively,

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Speaker 11: no chance, no way, no how, for any reason.

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Speaker 12: Okay, sec Dary Treasury. I would consider you.

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Speaker 11: If a president calls you up and asks you to

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Speaker 11: do something, you know you should consider it. So I

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Speaker 11: would take the call and consider it and think about

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Speaker 11: why and what they want, et cetera. But what they

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Speaker 11: want and how they want to operate that would be

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Speaker 11: important to me.

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Speaker 12: I like my job.

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Speaker 11: I've been my own boss for pretty much twenty five.

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Speaker 12: Years, and I like it that way.

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Speaker 11: When they I was in Peru at the APEC Media

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Speaker 11: something like that. I was coming on stage like this

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Speaker 11: a televised thing, and as I was walking up, you know,

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Speaker 11: the person question me. I think it was from bloom

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Speaker 11: or you know, said the President just tweeted that he

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Speaker 11: likes you or something like that. But you're not going

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Speaker 11: to be secretary of Treasury, and she asked me on

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Speaker 11: National TVs. I said, that's good because I like to

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Speaker 11: being my own boss. So when we both like it

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Speaker 11: that way.

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Speaker 20: When the Great Recession happened, were you worried about the

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Speaker 20: viability of our financial system?

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Speaker 12: Your bank was in pretty good shape.

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Speaker 20: Where we worried that more than many investment banks and

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Speaker 20: commercial bank were to go under at that time, Well.

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Speaker 12: A lot of them, did you know.

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Speaker 11: And yeah, a lot of companies around the world, a

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Speaker 11: lot of non banks around the world in bankrupt, you know,

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Speaker 11: JP Morgan. We did a lot to keep people afloat.

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Speaker 11: We took a lot of risks to do that. We

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Speaker 11: worked with governments around the world. It was it was terrifying,

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Speaker 11: and it was you know, twenty four to seven, and

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Speaker 11: you know, people are just trying to do the right

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Speaker 11: thing to make sure, you know, we kept.

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Speaker 20: You think there's a chance of something like that happy

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Speaker 20: next couple of years, you think we're much better protected

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Speaker 20: from that kind of problem.

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Speaker 11: Well, there's there's no chance that you're gonna have that

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Speaker 11: kind of problem, but you know, there are chances to

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Speaker 11: have a problem somewhere somehow.

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Speaker 12: You know.

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Speaker 11: The biggest unknown is geopolitics. You know, and it's not

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Speaker 11: like you have to be dangerous, you careful you talk

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Speaker 11: about it's not like that's going to determine what the

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Speaker 11: economy does in twenty twenty six. But it is a

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Speaker 11: moving tectonic plate, you know, alliances. You know, obviously there's

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Speaker 11: terrible war in Ukraine, which we need to do as

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Speaker 11: much as we can to help Ukraine, but aid and

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Speaker 11: it bedded by a Russia and Russia somewhat by China.

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Speaker 11: Those folks have told you what they want to do.

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Speaker 11: They want to dismantle the system set up they think

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Speaker 11: by America, but they're set up by the Western world

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Speaker 11: after World War two has been quite successful. Yeah, there

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Speaker 11: are a lot of forces at play, and you know,

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Speaker 11: and people are going to have to choose, you know,

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Speaker 11: how they want to play. This play is for now.

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Speaker 11: So yeah, that would be my greatest concern, and that's

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Speaker 11: about the future of the free democratic world.

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Speaker 12: That's not just about America. Are you Are you worried.

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Speaker 20: About the over regulation that some people in the banking

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Speaker 20: world think that is occurring now or do you think

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Speaker 20: the regulations are okay?

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Speaker 12: Now?

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Speaker 11: My biggest you know, the problem with regulations when you

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Speaker 11: talk to some people. It's always act like it's more

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Speaker 11: or less well and a lot of you deal with regulations.

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Speaker 11: I think you could create more liquidity in the system,

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Speaker 11: you know, more capital uses, more learning capability, reduced rules

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Speaker 11: and regulations was caused when there was complaints about debanking

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Speaker 11: and complaints about X. I think we could make the

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Speaker 11: system better, work better, cheaper, work for more Americans and safer.

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Speaker 12: You know.

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Speaker 11: And what bothers me the most is when we talk

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Speaker 11: about regulations that no one ever steps back and say,

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Speaker 11: what are we trying to accomplish or why do we

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Speaker 11: want to accomplish it? And much better this or that?

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Speaker 11: Because no matter what you do, their pros and cons.

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Speaker 11: So they take the system as you know, banks are

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Speaker 11: very strong today, but take the system as a whole.

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Speaker 11: We've gone from eight thousand public companies to four thousand

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Speaker 11: public companies. Is that what we wanted? Because that's what

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Speaker 11: we did. We did it with no forethought, without even

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Speaker 11: thinking about it. But it was you know, years of

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Speaker 11: rules and regulations that made it costly, litigious and hard.

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Speaker 11: And you know, we let institutes like ISS and Glass.

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Speaker 12: Lewis, you know, vote thirty percent.

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Speaker 11: Of those here is in America, you know, and so yeah,

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Speaker 11: I'm quite concerned about that.

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Speaker 12: We get regulations right. We all want safe. Financial system

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Speaker 12: is safe, food is safe.

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Speaker 11: But it doesn't mean you have to have endless regulations,

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Speaker 11: regulations to be reviewed and improved all the time, as

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Speaker 11: opposed to what we do today. I put that in

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Speaker 11: a lot of policy, we just add things on top

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Speaker 11: of things. And if you look at policy at America, well,

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Speaker 11: affordable housing, it's all about policy, you know, zoning policies,

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Speaker 11: permitting policies, housing policies.

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Speaker 12: You know, it's all about policy.

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Speaker 11: He's got not a damn thing to do that people

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Speaker 11: don't want to build homes or move into homes.

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Speaker 16: This is Bloomberg day Break, your morning podcast on the

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Speaker 16: story's making news from Wall Street to Washington and beyond.

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Speaker 3: Eastern each morning, on Apple, Spotify, or anywhere else you listen.

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Speaker 16: You can also listen live each morning starting at five

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Speaker 16: am Wall Street Time on Bloomberg eleven three to zero

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Speaker 16: Bloomberg ninety two nine in Boston, and nationwide. I'm Serious

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Speaker 16: XM Channel one twenty one plus listen coast to coast.

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Speaker 3: Android Auto Winterfaces.

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Speaker 16: the latest news, whenever you want it in five minutes

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Speaker 16: or less. Search Bloomberg News Now on your favorite podcast platform.

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Speaker 2: To stay informed all day long. I'm Nathan Hager.

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Speaker 6: And I'm Lisa Matteo.

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Speaker 3: Join us again tomorrow morning for all the news you

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Speaker 3: need to start your day right here on Bloomberg Daybreak