WEBVTT - Trump Defends Tariff Plan in Bloomberg Interview; Chip Stocks Walloped

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good morning, I'm Nathan Hager and I'm John Tucker. Here

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<v Speaker 2>are these stories we're following today.

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<v Speaker 1>John, we begin with a conversation with Donald Trump. The

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<v Speaker 1>former president sat down with Bloomberg News editor in chief

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<v Speaker 1>John Mickelthwaite at the Economic Club of Chicago, giving a

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<v Speaker 1>spirited defense of his economic policy, focused heavily on tariffs.

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<v Speaker 3>To me, the most beautiful word in the dictionary is tariff,

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<v Speaker 3>and it's my favorite word. It needs a public relations

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<v Speaker 3>firm to help to miss your most beautiful word.

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<v Speaker 1>And Donald Trump argued that obnoxious tariffs and his words

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<v Speaker 1>would force companies to bring manufacturing to the US to

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<v Speaker 1>avoid levies, and he dismissed the idea they would disrupt

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<v Speaker 1>supply chains or squeeze small business where.

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<v Speaker 2>The former president also discussed the FED and sidestep a

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<v Speaker 2>question about whether he tried to remove Jay Powell as chairman,

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<v Speaker 2>but he'd mocked the job of running the FED.

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<v Speaker 3>I think it's the greatest job in government. You show

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<v Speaker 3>up to the office once a month and you say,

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<v Speaker 3>let's say, flip a coo, and everybody talks about you

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<v Speaker 3>like your god. Oh, what will he do.

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<v Speaker 2>Trump says it's fair game to talk to the Fed

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<v Speaker 2>shairman about where interest rate should be, but that doesn't

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<v Speaker 2>mean the president should mandate the decision.

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<v Speaker 1>And John Former President Trump also declined to confirm a

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<v Speaker 1>report in Washington Post journalist Bob Woodard's new book that

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<v Speaker 1>he has spoken with Russian President Vladimir Putin several times

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<v Speaker 1>since he left office.

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<v Speaker 3>Well, I don't comment on that, but I will tell

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<v Speaker 3>you that if I did, it's a smart thing. If

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<v Speaker 3>I'm friendly with people, If I have a relationship with people,

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<v Speaker 3>that's a good thing, not a bit I think in

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<v Speaker 3>terms of a country.

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<v Speaker 1>And Trump also said he would accept the result of

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<v Speaker 1>next month's election if it's a fair process. He downplayed

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<v Speaker 1>the violence on January sixth, twenty twenty one, saying, quote,

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<v Speaker 1>a lot of strange things happen. You can listen to

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<v Speaker 1>the full sixty minute conversation with Bloomberg editor in chief

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<v Speaker 1>John Mickelwaite on the Bloomberg Talks podcast. We will have

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<v Speaker 1>much more from the interview from the Economic Club of

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<v Speaker 1>Chicago throughout the morning.

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<v Speaker 2>Meanwhile, Katala Harris also too to the airwave. She was

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<v Speaker 2>in Detroit for a town hall with radio hosts Charlemagne

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<v Speaker 2>to God, pressing her case for more black men, especially

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<v Speaker 2>to support her, Harris says it would she would work

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<v Speaker 2>to decriminalize marijuana.

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<v Speaker 4>My pledge is, as president, I will work on decriminalizing

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<v Speaker 4>it because I know exactly how those laws have been

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<v Speaker 4>used to disproportionately impact certain populations and specifically black men.

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<v Speaker 2>Harris also said financial reparations for Black Americans needs to

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<v Speaker 2>be studied.

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<v Speaker 1>And Harris and Trump, meanwhile john remain neck and neck

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<v Speaker 1>in the race with less than three weeks to go.

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<v Speaker 1>The latest nationwide survey conducted by the Marquette Law School

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<v Speaker 1>shows Harris leading Trump forty eight to forty seven percent

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<v Speaker 1>among likely voters. That one point difference is within the

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<v Speaker 1>poll's four point seven percent margin of error.

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<v Speaker 2>Well, Harris may be leading in political donations. Trump has

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<v Speaker 2>picked up some big name support. Elon MSS poured seventy

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<v Speaker 2>five billion dollars into the Super Political Action Committee he

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<v Speaker 2>created earlier this year. Billionaire Miriam adels inpoured ninety five

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<v Speaker 2>million dollars into her super pack supporting Trump. Adventure capitalist

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<v Speaker 2>Mark Andrewsen and Ben Horowitz each donated two and a

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<v Speaker 2>half million dollars to a pro Donald Trump Super Political

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<v Speaker 2>Action Committee. This according to the latest filings with the

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<v Speaker 2>Federal Election Commission.

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<v Speaker 1>Now let's turned to the latest from the Middle East.

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<v Speaker 1>The Biden administration is warning Israel it must improve aid

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<v Speaker 1>to Gaza. We get more from Bloomberg Middle East anchored

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<v Speaker 1>Jimana Borsecci.

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<v Speaker 5>A letter was leaked yesterday and this wasn't actually it

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<v Speaker 5>was intended for the public to see that the Biden

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<v Speaker 5>administration had sent to Israel warning that they would need

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<v Speaker 5>to improve an increasingly dirish humanitarian crisis in the Gaza

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<v Speaker 5>Strip within thirty days, and that if they did not

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<v Speaker 5>do that then they could in theory cut the flow

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<v Speaker 5>of US weapons if the situation didn't improve. Just to

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<v Speaker 5>give you context here, Typically the number that they set

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<v Speaker 5>for trucks entering into Gaza should be three hundred fIF

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<v Speaker 5>trucks a day. In September it was the lowest number

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<v Speaker 5>of trucks recorded for this year.

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<v Speaker 1>Bloomberg's Jamani Barsati says less than one hundred trucks per

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<v Speaker 1>day have been entering Gaza.

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<v Speaker 2>And turning to the markets, Big Banks earnings wrap up

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<v Speaker 2>this morning with Morgan Stanley reporting before the open, Alison

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<v Speaker 2>Williams covers the banks for Bloomberg Intelligence.

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<v Speaker 6>For Morgan Stanley, we expect to see a top line

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<v Speaker 6>boosted by the very robust markets that we've seen in

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<v Speaker 6>the past few months, similar to what we've seen at

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<v Speaker 6>the other large US banks. Strength and equities training especially

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<v Speaker 6>place to Morgan Stanley's business model, as they are more

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<v Speaker 6>skewed toward that business versus fixed income. Trading fee growth

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<v Speaker 6>will also be a highlight. Finally, for Morgan Stanley, the

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<v Speaker 6>key thing we'll be focusing on is the trend in

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<v Speaker 6>their wealth flows. This is a key gauge of business health,

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<v Speaker 6>and the better markets may have helped stoke some interest

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<v Speaker 6>from clients.

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<v Speaker 2>Bloomberg Intelligences Alison Williams says to look for those Morgan

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<v Speaker 2>Stanley earnings around seven thirty Wall Street time.

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<v Speaker 1>Well, we're also looking john at chipstocks this morning after

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<v Speaker 1>a combined four hundred twenty billion dollars in market value

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<v Speaker 1>as erased from that sector. A slower outlook from key

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<v Speaker 1>equipment supplier ASML Holding sparked a global route. The warning

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<v Speaker 1>from the Netherlands based company put an abrupt end to

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<v Speaker 1>the recent tech rally. Invidia sank nearly five percent yesterday,

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<v Speaker 1>after hitting a record close earlier this week, ASML shares

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<v Speaker 1>tumbled the most since nineteen ninety eight in Europe after

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<v Speaker 1>the manufacture of the world's most advanced chip making machines

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<v Speaker 1>cut its outlook on sluggishness in areas beyond AI. This morning,

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<v Speaker 1>shares of Nvidia are higher by about six tens of

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<v Speaker 1>one percent.

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<v Speaker 2>And Nathan, we're also seeing LVMH shares under pressure. They're

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<v Speaker 2>down more than five percent. Shares of the fashion retailer,

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<v Speaker 2>whose brands include Louis Vuitton and Kristin Dior a film

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<v Speaker 2>for the first time since the pandemic.

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<v Speaker 1>And sticking in Europe, John UK inflation has slipped below

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<v Speaker 1>the Bank of England's two percent target for the first

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<v Speaker 1>time in three and a half years, a fall that

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<v Speaker 1>sets the stage for a second interest rate cut from

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<v Speaker 1>the BOE next month. Consumer prices rose one point seven

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<v Speaker 1>percent in September compared to a year prior, and is.

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<v Speaker 2>Now five oos siviled on Wall Street Time for a

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<v Speaker 2>look at some of the other stories making news in

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<v Speaker 2>New York and around the world. And for that we're

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<v Speaker 2>joined by Bloomberg's Michael Barr.

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<v Speaker 7>Michael, good morning, Good morning, John, and Atlanta judge has

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<v Speaker 7>blocked a last minute moved by the Georgia State Election

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<v Speaker 7>Board to require a hand count of ballots across local

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<v Speaker 7>precincts statewide in the November presidential race. Last night, Fulton

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<v Speaker 7>County Superior Court Judge Robert McBurney signed with challengers who

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<v Speaker 7>argued the Republican majority election board risks introducing confusion and

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<v Speaker 7>delays into the process by adopting the handcount rule so

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<v Speaker 7>close to election day. In his ruling, Judge McBurnie wrote,

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<v Speaker 7>it was too much, too late. One person has died

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<v Speaker 7>in the multi state listeria outbreak link to Deli Meets.

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<v Speaker 7>According to the CDC, it brings the total to at

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<v Speaker 7>least ten deaths. The US Department of Agricultures Inspector General

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<v Speaker 7>is launching an internal investigation into the agency's handling of

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<v Speaker 7>the deadly bores Head outbreak. Senator Richard Blumenthal of Connecticut.

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<v Speaker 8>We need a food safety agency, not just a part

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<v Speaker 8>of the FDA, that will guarantee the supply chain, the manufacture,

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<v Speaker 8>the shipping, and everything associated with food, because there are

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<v Speaker 8>literally thousands of contaminated products on the market every year,

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<v Speaker 8>and they can cause sickness and even death.

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<v Speaker 7>A total of fifty nine people have been infacted and

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<v Speaker 7>hospitalized across nineteen states so far. The cleanup and recovery

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<v Speaker 7>efforts continue in parts of Florida that we're hit hard

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<v Speaker 7>by Hurricane Milton. Governor Ron DeSantis and Zephyr Hills said

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<v Speaker 7>power is being restored quickly.

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<v Speaker 9>We've now had over four million accounts restore to power

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<v Speaker 9>since Hurricane Milton came. That is the fastest that's ever

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<v Speaker 9>been done for that many accounts.

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<v Speaker 7>At least twenty three people have died from the storm

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<v Speaker 7>in Florida. Former Clark County Public Administrator Robert Tullis, who

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<v Speaker 7>has found guilty of murdering Las Vegas Review General investigative

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<v Speaker 7>reporter Jeff Jerman, is set to be sentenced today. The

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<v Speaker 7>jury already sentenced tell Us to lifetime in prison at

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<v Speaker 7>wherever the judge could lessen the sentence. Global News twenty

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<v Speaker 7>four hours a day and whenever you want it with

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<v Speaker 7>the Bloomberg News. Now, I'm Michael Barr, and this is Bloomberg.

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<v Speaker 2>John. Michael, thank you, and that brings us to five

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<v Speaker 2>h nine on Wall Street Time down for the Bloomberg

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<v Speaker 2>Sports ub Day, brought to you by Tri State Aldi

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<v Speaker 2>under bad Chris John Stashauer.

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<v Speaker 7>All right John.

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<v Speaker 10>The Yankees halfway towards winning the ALCS would be the

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<v Speaker 10>first time in two thousand and nine's the second since

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<v Speaker 10>oh one at the stadium the RBI doubles and Alex

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<v Speaker 10>Dugos second, and in Anthony Rizzo and the sixth, and

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<v Speaker 10>then in the seventh. Something that usually happens off but

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<v Speaker 10>lately is not.

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<v Speaker 11>Judge.

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<v Speaker 12>It's a high fly at a center Backos Thomas on

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<v Speaker 12>the track near the wall. She's gone, Aaron Judge hit

0:09:14.880 --> 0:09:18.120
<v Speaker 12>the ball so high you wonder it came down in

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<v Speaker 12>Monument Park. HiT's a Judge in glass all rise, Here

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<v Speaker 12>comes the Judge.

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<v Speaker 10>F an had it Judges first home in the moost

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<v Speaker 10>three ways. Yanks beat the Guardian sixty three. Geric cole

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<v Speaker 10>nodded at his best, gave up six hits, four walks

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<v Speaker 10>with the Yankee bullpen's been outstanding. Tim Hill got five outs,

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<v Speaker 10>Tommy Cainley got four of The Yanks go to Cleveland

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<v Speaker 10>up two nothing, Game three Tomorrow, Game three NLCS Tonight

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<v Speaker 10>City Field, Mets and Dodgers died at one. Luis Severino

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<v Speaker 10>against Walker Buehler, the one time Dodger Ace, who's had

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<v Speaker 10>two Tommy John surgeries. Buller only won one game this season,

0:09:53.360 --> 0:09:55.320
<v Speaker 10>he got roughed up by the Padres and his one

0:09:55.559 --> 0:09:58.240
<v Speaker 10>postseason start. The trade of Demonte Adams when the Raiders

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<v Speaker 10>of the Jets, something that's been rumored to take ever

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<v Speaker 10>since Aaron Rodgers joined the Jets. The two worked together

0:10:03.360 --> 0:10:05.920
<v Speaker 10>for eight years in Green Bay. Now a reality, with

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<v Speaker 10>Las Vegas getting a conditional third round draft pick, Adams

0:10:09.000 --> 0:10:11.439
<v Speaker 10>will try to quickly learn the playbook help the Jets.

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<v Speaker 10>Sunday night in Pittsburgh. Sounds like Russell Wilson will be

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<v Speaker 10>the Steelers quarterback they had been using Justin Fields.

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<v Speaker 1>John Stasheware, Bloomberg Sport John.

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<v Speaker 11>Naven Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

0:10:26.400 --> 0:10:29.280
<v Speaker 11>and around the world on Bloomberg dot Com and the

0:10:29.320 --> 0:10:32.720
<v Speaker 11>Bloomberg Business app. This is Bloomberg Daybreak.

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<v Speaker 1>Good morning.

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<v Speaker 7>I'm Nathan Hey.

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<v Speaker 1>You're bringing you more now from our conversation with the

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<v Speaker 1>former President of the United States, Donald Trump, the twenty

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<v Speaker 1>twenty four Republican presidential candidate, spoke with Bloomberg News Editor

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<v Speaker 1>in chief John Mikelfwaite at the Economic Club of Chicago

0:10:46.520 --> 0:10:50.400
<v Speaker 1>in a wide ranging discussion covering a slop of economic topics.

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<v Speaker 1>Let's listen in If you.

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<v Speaker 13>Add up all the promises you've made and your plans

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<v Speaker 13>would add seven point five trillion dollars to the debt.

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<v Speaker 13>It's more than twice the total for Vice President Harris.

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<v Speaker 13>This is a very business like audience. YEA, why should

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<v Speaker 13>they trust you with that?

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<v Speaker 3>Because we're about growth. She's got no growth whatsoever, and

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<v Speaker 3>we're all about growth. We're going to bring companies back

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<v Speaker 3>to our country. You look at even today as I

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<v Speaker 3>was driving over, I see these empty, old, beautiful like

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<v Speaker 3>steel mills and factories that are empty and falling down.

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<v Speaker 3>Some have been converted to senior citizens' homes. But that's

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<v Speaker 3>not going to do the trick. And we're going to

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<v Speaker 3>bring the companies back. We're going to lower taxes still

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<v Speaker 3>further for companies that are going to make their product

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<v Speaker 3>in the USA. We're going to protect those companies with

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<v Speaker 3>strong tariffs. Because I'm a believer in tariffs. I'm not

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<v Speaker 3>sure that you are. I don't think you are, but

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<v Speaker 3>I congratulate you in your career. But to me, the

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<v Speaker 3>most beautiful word in the dictionary is tariff and it's

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<v Speaker 3>my favorite word. It needs a public relations firm to

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<v Speaker 3>help it, but it's to miss the most.

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<v Speaker 13>Beautiful word and the tariffs. Do you think that will

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<v Speaker 13>bring in the revenues to use another bipartisan group, Yeah,

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<v Speaker 13>Peace and Institute. They said, I only bring in two

0:12:09.559 --> 0:12:12.640
<v Speaker 13>hundred billion dollars that is, yeah, only that's barely the

0:12:12.679 --> 0:12:14.120
<v Speaker 13>cost of two of your promises.

0:12:14.320 --> 0:12:18.000
<v Speaker 3>Yeah, but that's like for what company you're talking about. Okay, look,

0:12:18.000 --> 0:12:20.640
<v Speaker 3>I've I've brought in with tariffs and I was just

0:12:20.679 --> 0:12:24.120
<v Speaker 3>getting started. Then COVID came and we had a which

0:12:24.240 --> 0:12:25.800
<v Speaker 3>you know, because I tell you what, I did a

0:12:25.880 --> 0:12:27.800
<v Speaker 3>very good job in COVID. Nobody knew what the hell

0:12:27.800 --> 0:12:29.679
<v Speaker 3>it was. I call it the China virus because I

0:12:29.800 --> 0:12:33.000
<v Speaker 3>like being a little more accurate. But when that came,

0:12:33.040 --> 0:12:37.080
<v Speaker 3>but we got hundreds of billions of dollars just from

0:12:37.200 --> 0:12:40.679
<v Speaker 3>China alone, and I hadn't even started yet. But tariffs

0:12:40.679 --> 0:12:44.160
<v Speaker 3>are two two things if you look at it. Number

0:12:44.160 --> 0:12:46.440
<v Speaker 3>one is for protection of the companies that we have

0:12:47.040 --> 0:12:49.400
<v Speaker 3>here and the new companies that will move in, because

0:12:49.400 --> 0:12:52.760
<v Speaker 3>we're going to have thousands of companies coming into this country.

0:12:52.800 --> 0:12:55.160
<v Speaker 3>We're going to grow it like it's never grown before.

0:12:55.360 --> 0:12:57.559
<v Speaker 13>The markets are looking at the fact you are making

0:12:57.640 --> 0:13:01.360
<v Speaker 13>all these promises. Latest one was Carlo, you're flooding the

0:13:01.400 --> 0:13:05.120
<v Speaker 13>thing with giving giveaways. But I was. I was actually

0:13:05.160 --> 0:13:08.400
<v Speaker 13>quite kind to you. I used seven trillion, the upper

0:13:08.520 --> 0:13:11.920
<v Speaker 13>estimates fifteen trillion. People like a Wall Street Journal who's

0:13:11.960 --> 0:13:15.160
<v Speaker 13>hardly a communist organization, but you don't. They have criticized

0:13:15.200 --> 0:13:17.840
<v Speaker 13>you on this as well. You are running an enormous debt.

0:13:18.080 --> 0:13:19.880
<v Speaker 3>What is the Wall Street Journal? Now I'm meeting with

0:13:19.920 --> 0:13:21.760
<v Speaker 3>them tomorrow. What is the Wall Street Journal? That they've

0:13:21.760 --> 0:13:24.400
<v Speaker 3>been wrong about everything? So have you? By the way,

0:13:24.760 --> 0:13:25.280
<v Speaker 3>you've been wrong.

0:13:25.440 --> 0:13:27.560
<v Speaker 13>You're trying to turn this. You're trying to turn this

0:13:27.640 --> 0:13:29.720
<v Speaker 13>you've been wrong. No, you're trying to turn You're trying

0:13:29.720 --> 0:13:30.800
<v Speaker 13>to turn this into debate.

0:13:31.800 --> 0:13:32.920
<v Speaker 1>There are business people.

0:13:33.480 --> 0:13:36.040
<v Speaker 3>You're wrong. You've been wrong. You've been wrong all your

0:13:36.040 --> 0:13:38.520
<v Speaker 3>life on this stuff. You've been No, let me tell

0:13:38.520 --> 0:13:40.480
<v Speaker 3>you about currency. You're going to You know, you're going

0:13:40.679 --> 0:13:44.079
<v Speaker 3>jumping a lot of a lot of different subjects, sticking

0:13:44.160 --> 0:13:46.960
<v Speaker 3>to the subject back their reserve currency. That's where you start.

0:13:47.840 --> 0:13:50.200
<v Speaker 3>You'll go to third world status in this country. Because

0:13:50.200 --> 0:13:51.880
<v Speaker 3>you take a look at the way things are running.

0:13:52.640 --> 0:13:56.440
<v Speaker 3>If a country tells me, sure, we like you very much,

0:13:56.480 --> 0:13:58.840
<v Speaker 3>but we're going to no longer adhere to being in

0:13:58.880 --> 0:14:03.720
<v Speaker 3>the reserve currency. We're not going to salute the dollar anymore.

0:14:04.520 --> 0:14:08.160
<v Speaker 3>I'll say that's okay. And you're going to pay one

0:14:08.200 --> 0:14:11.960
<v Speaker 3>hundred percent teriff for everything you sell into the United States.

0:14:12.520 --> 0:14:14.360
<v Speaker 3>And we love your product. I help you sell a

0:14:14.360 --> 0:14:16.200
<v Speaker 3>lot of it into the United States, but you're going

0:14:16.240 --> 0:14:19.920
<v Speaker 3>to pay one hundred percent tariff. He will then follow

0:14:19.960 --> 0:14:22.120
<v Speaker 3>it up by saying, sir, it would be an honor

0:14:22.200 --> 0:14:23.960
<v Speaker 3>to stay with the reserve currency.

0:14:24.800 --> 0:14:26.840
<v Speaker 13>You say you don't want interest rates to go higher,

0:14:26.880 --> 0:14:29.800
<v Speaker 13>You've gone backwards and forwards. About depends whether you want

0:14:29.840 --> 0:14:31.880
<v Speaker 13>to keep whether you want to keep your own powerll

0:14:31.920 --> 0:14:34.680
<v Speaker 13>as chair at the Federal Reserve. His term as chair

0:14:34.800 --> 0:14:38.160
<v Speaker 13>runs on to May twenty twenty six. Would you seek

0:14:38.200 --> 0:14:40.320
<v Speaker 13>to remove, remove or demote him.

0:14:40.440 --> 0:14:43.800
<v Speaker 3>I think it's the greatest job in government. You show

0:14:43.880 --> 0:14:46.280
<v Speaker 3>up to the office once a month and you say,

0:14:46.360 --> 0:14:50.920
<v Speaker 3>let's see flip a coal, and everybody talks about you

0:14:51.040 --> 0:14:53.000
<v Speaker 3>like your god, Oh what will he do? I mean,

0:14:53.080 --> 0:14:55.720
<v Speaker 3>before the guy used to walk into my office, he

0:14:55.920 --> 0:14:59.040
<v Speaker 3>was like the beg in host he was.

0:14:59.000 --> 0:15:02.680
<v Speaker 13>Fine, did you did? You talked about removing him once?

0:15:03.040 --> 0:15:05.400
<v Speaker 3>I did, because he was keeping the reads too high

0:15:05.640 --> 0:15:07.800
<v Speaker 3>him and I was right, and you would do that again.

0:15:08.160 --> 0:15:10.800
<v Speaker 3>I was threatening to terminate him. There was a question

0:15:10.800 --> 0:15:13.280
<v Speaker 3>as to whether or not you could. And there was

0:15:13.320 --> 0:15:15.800
<v Speaker 3>an article on the New York Times two half pages

0:15:16.080 --> 0:15:18.640
<v Speaker 3>one page that I can do it by lawyers, one

0:15:18.640 --> 0:15:21.080
<v Speaker 3>half page that I couldn't. And that was enough for him,

0:15:21.200 --> 0:15:22.600
<v Speaker 3>and he dropped the hell out of the rates. He

0:15:22.680 --> 0:15:26.040
<v Speaker 3>dropped them too much, he went. So he dropped them

0:15:26.040 --> 0:15:29.360
<v Speaker 3>actually too much. I think that if you're a very

0:15:29.440 --> 0:15:32.800
<v Speaker 3>good president with good sense, you should be able to

0:15:32.840 --> 0:15:35.040
<v Speaker 3>at least talk to him. I don't say make the

0:15:35.120 --> 0:15:38.040
<v Speaker 3>decision at all, but I mean I've been a very

0:15:38.080 --> 0:15:41.640
<v Speaker 3>successful businessman. I've done really good, much better now people

0:15:41.680 --> 0:15:44.320
<v Speaker 3>are understanding how good I've done because they're seeing it

0:15:44.600 --> 0:15:46.560
<v Speaker 3>much better than the fake news wants to give me

0:15:46.600 --> 0:15:50.680
<v Speaker 3>credit for what I think I have the right to say.

0:15:50.800 --> 0:15:53.360
<v Speaker 3>As a very good businessman and somebody that's used a

0:15:53.360 --> 0:15:56.360
<v Speaker 3>lot of sense, I think I have the right to

0:15:56.400 --> 0:15:58.840
<v Speaker 3>say that. You know, I think I'm better than he

0:15:58.880 --> 0:16:02.360
<v Speaker 3>would be, better than most people would be in that position.

0:16:02.760 --> 0:16:04.040
<v Speaker 3>I think I have the right to say I think

0:16:04.080 --> 0:16:05.520
<v Speaker 3>you should go up or down a little bit.

0:16:05.560 --> 0:16:08.800
<v Speaker 2>This is Bloomberg Daybreak. Here morning podcast on the stories

0:16:08.840 --> 0:16:11.720
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