Remembering Henry Kissinger; Israel-Hamas Truce Extended; Musk Curses Out Advertisers
On today's podcast:
1) Henry Kissinger, the child refugee who rose to become US secretary of state and defined American foreign policy during the 1970s with his strategies to end the Vietnam War and contain communist countries, has died. He was 100.
2) Israel and Hamas agreed to lengthen their truce for at least another day, allowing for the release of more hostages held by the militant group in Gaza.
3) Elon Musk, the billionaire owner of X, says the advertisers that have stopped spending on the platform due to his endorsement of an antisemitic post can “f——” themselves.
Full transcript:
Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the passing of a man who defined foreign policy in the nineteen seventies and worked to shape it for decades. After Henry Kissinger has died, Bloomberg political contributor Rick Davis says Kissinger's influence was unmatched. It's quite a career that lasted my entire life. I would say that we've not seen much of the likes of him, somebody who has never been elected to office, but wielded as much power as any powerful president or prime minister in the world. Kissinger was credited with opening the door to China and achieving detente with the Soviet Union, but he courted controversy for supporting massive bombing campaigns in Vietnam and Cambodia. Bloomberg's Ian Marlow says Kissinger leaves a complicated legacy around the world, in Asia in the Middle East. Could be a polarizing figure, but I think that was in part because he embodied that sort of American power. He was one of the people at the center of American power, and over a long period of time when the US role in the world was also changing, and it is to some extent and end of an era, and that era continued right to the end. This past July. In fact, Henry Kissinger met with Chinese President Shi Jinping in Beijing to discuss US China relations. Henry Kissinger died yesterday at his home in Connecticut. He was one hundred years old, and Nathan we turn out to breaking developments in the Middle East, Israel and Hamas have agreed to extend their truce for at least another day. The two sides announced the extension just minutes before their ceasefire was due to end. Head of the announcement, Secretary of State Anthony BLNCN explained what he hopes to achieve during his visit to the region. We'll discuss with Israel how it can achieve its objective of ensuring that the terrorist attacks of October seventh never happen again, while sustaining an increasing amount of train assistance and minimizing further suffering and casualties among Palestine civilians and Secretary of State Blincoln is currently in Tel Aviv for his third visit since the attacks. He will also visit the West Bank, the visit comes as more captives were exchange yesterday evening, with ten hostages released by Hamas in exchange for thirty Palestinians held by Israel. And back here in the US, Karen House Speaker Mike Johnson says he has real reservations about expelling Congressman George Santos. We get that story from Bloomberg's At Baxter, the resolution says the vote needs to happen today, but Speaker Johnson says, for him, there are some real problems here. I personally have real reservations about doing this. I'm concerned about a president than may be set for that. So where everybody's working through that and we'll see how they vote. Sados will be the first expulsion without a conviction on charges. Johnson at one point yesterday said the vote would come Friday, but the resolution does say today, so we'll see how it works out. At Baxter Bloomberg Radio, All right, ed, Thanks well. Elon Musk is talking about the future of ex following and advertising boy and we get the latest from Bloomberg's John Tucker. John what the boycott is going to do mus says is kill the company, and who does he blame? Well, not himself, but the advertisers he herald in an expletive their way, saying they can go bleep themselves. Those advertisers include Walt Disney and Apple. Earlier this month, Musk agreed with a post that said Jewish people hold a dialectical hatred of white people. Well, that message has since drawn widespread criticism. On stage at the New York Times Deal Book conference, must did say the post was the worst and dumbest he's ever done. Mustourage people to judge him by his actions rather than his words. He brought up his electric car company, Tesla, saying he's done more for the environment than any human. I'm John Tucker, Bloomberg Radio. All right, John, thank you. Now, let's take a look at some stocks on the move this morning. Shares of Salesforce are up nearly nine percent. The San Francisco based software company gave a profit forecast for the current quarter. The top D analyst estamates Salesforce is benefiting from its cost cutting program. Meanwhile, Nathan Snowflake is up about eight and a half percent. The company gave a product sales outlook for the current quarter that beat expectations. That's fueling hope that revenue is stabilized after the software and maker experienced a dramatic slowdown in growth during the past year. Turning to the economy, differing views on inflation from two Federal Reserve Regional Bank presidents. Atlanta FED president Rafael Bostik says he's growing increasingly confident that inflation is firmly on a downward path. On the other hand, Richmond FED chief Thomas Barkins tell CNBC he's not yet convinced. There's no precision that anyone can point to at exactly what is the level of rates that exactly handles inflation and exactly the way you want to handle it, and so you're constantly trying to adjust on the flot. Both Thomas Barkin and Rafael Bostik will be voting members of the FOMC next year. Well. In corporate news, Nathan Online, a job search company, Indeed is canceling the monthly mental health days it introduced during the pandemic. Can we get this story from Bloomberg's Ellie Pellett. It joins a growing group of firms pairing back benefits they rushed to provide during the COVID nineteen crisis. Indeed initiated so called you Days in June of twenty twenty, giving all employees the same day off each month out of time when exhausted staff were taking fewer vacation days because of travel restrictions. Three years later, employees are once again booking time off at a similar rate to before the pandemic, so the company said quote. As a result, we have agreed that the global need for you days has passed. In New York, Charlie Pellett, Bloomberg Radio and Charlie, we just got inflation data from the Eurozone. It cooled more than expected. Consumer prices rose two point four percent from a year ago in November. That was down from two point nine percent the previous month and less than all estimates of economists surveyed by Bloomberg. Sorry, Nathan, Thanks, It's time now for a look at some of the other stories making news around the world. For that, we're joal by Bloomberg's Amy Morris Say good morning, Good morning, Karen Ultra. Conservatives in the House of Representatives have now softened their demands for deep spending cuts to domestic programs, heightening the odds that two parties can reach a spending agreement and avert of partial government shutdown in January. The shift came after the House failed to pass bills at the lower spending levels demanded by the House random Caucus. They've been pushing for one hundred twenty billion dollars in cuts. This softer stance gives House Speaker Johnson Moore a room to negotiate a bipartisan spending bill, as senators from both parties want to add fourteen billion dollars in spending by designating it an emergency not subject to that cap. As lawmakers consider an aid package to Israel, Senate majority leader Chuck Schumer is issuing a warning. Bloomberg's at Nancy Lyons has that part of the story. Senator Schumer, who is the highest ranking Jewish elected official in the country, spent forty five minutes on the Senate floor to crying the rise in anti Semitism at a level not seen in decades. The normalization and excusation of this rise and hate is the danger many Jewish people fear most. The Anti Defamation League says anti Semitic incidents of nearly quadrupled since the onset of the Israel Hamas War. Schumer says It's time for a clear throated denouncement of the hate in Washington, Nancy lyons Bloomberg Radio and that new poll shows the number of college students experiencing or witnessing anti semitism is also up this academic year. That poll by the Jewish led Anti Defamation League and Hillel International found that nearly three in four Jewish students and forty four percent of non Jewish students saw or experienced anti Jewish ideas since the start of the twenty three to twenty four school year. A very special holiday display. Now at sixteen hundred Pennsylvania Avenue, the White House South Lawn has an ice skating rink to celebrate the holidays. First Lady Jill Biden unveiled the rink with skating performances from figure skaters and Peanuts characters. What's more magical and wonderful and joyful then, you know, being on an ice rink in the South one of the White House. Who knew right A, Military, families, first responders, and other special invited guests can enjoy the White House skating rink in December. It will not be open to the public. Global News twenty four hours a day, and whenever you want it with Bloomberg News Now. I'm Amy Morrison. This is Bloomberg Karen right, Amy, Thank you well. We bring you news throughout the day right here on Bloomberg Radio. But now you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John stash Hour John Daron upset in college basketball. They stormed the court in Fayetteville after Arkansas and opt off seventh rank Duke eighty to seventy five North Carolina ranked seventeen, put up sixty one points in the first half in Chapel Hill and beat tenth thrank Tennessee one hundred and ninety two. So they split fourteen games in the acc SEC Challenge over the previous two nights. They both won seven times. A couple of bad teams at the NBA's Eastern Conference, the Pistons the Wizards. They played the other night. Washington won, but the Wizards lost in Orlando, won thirty nine to one twenty. The Magic thirteen and five on the year. The Wizards are three and fifteen. The Pistons are two and seventeen. They bought fifteen games in a row. Blown out at home, Lakers won one thirty three to one oh seventy. Angelo Russell scored thirty five. Seahawks and Cowboys ticking off Week thirteen tonight in Dallas. They both played last Thursday. Cowboys won easily and Seattle lost to the forty nine Ers. These two teams are in second place in the NFC East and West. The teams that are in first place in those divisions the Eagles and forty nine Ers, and they play Sunday. That's the big game of Week thirteen. It's a rematch of last year's in at Championship. Joe Flacco now with the Cleveland Browns. They brought him in when the Shawn Watson went down. He's gone from third string QB to second and Dorian Thompson Robinson is in concussion protocol, so Flaco may start Sunday against the Rams. Patriots not saying anything official as usual for them, but it sounds like mac Jones goes to the bench. Bailey ZAPPI expected to start on Sunday. John stashed were Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias exam the Bloomberg Business app in Bloomberg dot com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We want to reflect more on the life and legacy of Henry Kissinger, who died yesterday at his home in Connecticut at the age of one hundred. Kissinger was born in nineteen twenty three in the German state of Bavaria. He moved to the US in nineteen thirty eight to escape Nazi persecution. The son of a Jewish school teacher. At age nineteen, while a student at the City College of New York, Kissinger was drafted into the army in the US, serving as an interpreter during World War II, and after the war he helped round up Gestapo officers as a member of the nine hundred and seventieth Counter Intelligence Corps. Kissinger spoke earlier this year with Bloomberg's editor in chief John Micklethwaite, and said he saw the first hand impact of authoritarianism and totalitarianism in his youth. It was an experience which it's so elemental then it becomes part of you. Kissinger brought that experience back with him to the United States. He resumed his studies at Harvard University. His doctoral dissertation there focused on balances of power in nineteenth century Europe. As a tenured professor at Harvard, Kissinger honed of the conservative real politic worldview that would dominate his thinking on foreign policy for more than a half century. Kissinger also cultivated relationships with policymakers in Washington that led him to the White House in nineteen sixty nine as National Security Advisor to President Richard Nixon. Kissinger's secret trips to China in nineteen seventy one paved the way for arguably the greatest foreign policy achievement of the Nixon presidency. His own visit the following year. Knowing of President Nixon's express desire to visit the People's Republic of China, Premier Cho and lie On behalf of the government of the People's Republic of China has extended an invitation to President Nixon to visit China. The opening of China and an anti ballistic missile treaty hammered out with the Soviet Union achieved what would become known as Kissinger's triangular diplomacy, but his penchate for secrecy would lead to controversy. Kissinger was the first person to serve as both National Security Advisor and Secretary of State at the same time. That allowed Nixon to run foreign policy more or less directly from the White House. The president summed up his attitude in a taped conversation with Kissinger about the Christmas Day bombing in Vietnam in nineteen seventy two. Kissinger fed into that paranoia about enemies and the press by ordering wiretaps of reporters and White House aids looking for leaks. That expanded use of surveillance led to Nixon's resignation under the weight of Watergate, but the weight of one major foreign policy decision would cloud Kissinger's legacy for the rest of his long life. The Secret War in Cambodia. Kissinger orchestrated the operation that dropped more than one hundred thousand tons of bombs on North Vietnamese positions in the country. It helped lead to the rise of a genocidal Khmer Rouge regime after the war, but Kissinger would never stop defending his conduct in Vietnam, even against critics who labeled him a war criminal. Would say a better way At any one point, we didn't think so. I still don't think so. But I'm open into that argument. But what is meant by better that pragmatic approach to the world as it is rather than how policymakers might like it to be what informed Kissinger's view long after he left public office and sought to wield influence as a private citizen. At the age of eighty eight, Kissinger wrote the book on China, about the country he helped to bring back to the world stage. In a twenty twenty interview at the Bloomberg New Economy Forum, Kissinger warned of the risks of confrontation between the world's two biggest economies. Let's say, at some basis for some cooperative action to wills, Bill Slide hid a catastrophe. Comfortable do will do a one And Henry Kissinger worked to head off that catastrophe. After reaching his hundredth birthday this year, when President Biden sent cabinet secretaries to Beijing to try to stabilize relations, the one US diplomat that Chinese President Shi Jinping met face to face this summer was the man who he called an old friend to China, former Secretary of State Henry Kissinger. And for more, we are joined from Singapore by Bloomberg News Managing editor Derek Wallbank. A mixed legacy, Derek, but an undeniable legacy at the same time. I think that's exactly right. An. I think you did a brilliant job setting this up and there when when we're talking about the reaction, especially out here, I think the the polarity of feedback has been striking today. You know, Kissinger was a sort of person that in some corners of the world was a lionized statesman, and some other corners in the world, uh, they considered him an absolute scoundrel. And and and there's not really a giant a mix of those right now, certainly through Asia hours and you're you're talking about somebody who in Singapore was was somebody that that foreign ministers would would make pilgrimage to his apartment in New York City. Every time that there was a UN General Assembly meeting China. You saw that you mentioned the reaction from Xi jianpingg He's Uh. Kissinger was described as an old friend of the Chinese people's there's a mournful reaction from from China at the same time. Uh. This is somebody who throughout parts of Southeast Asia, UH, particularly Cambodia, allows Vietnam, et cetera. You know, Indonesia, parts of team or less. It's like it is not held in anywhere the same sort of thing. It's a very polarizing person, but certainly somebody who had I think it is unanimous to say a titanic effect on the world in which he lived, no doubt, and to you put it into the context of where US China relations stand now. I think it'd gotten a little bit better since the low that we saw after the alleged spy balloon incident back in February. But talk a little bit more about the impact that Henry Kissinger tried to wield even up to the end, as President Biden was trying to put US China relations sort of back on the rails. I think one of the most notable things sitting here as as we closely have tracked the decline in relationships between the two superpowers, is how Henry Kissinger always seemed to be the one American who could get a meeting with anyone he wanted in China. I mean anybody he wanted. I saw in Chinese state media today retrospectives of here was Henry Kissinger visiting it this year, and then two years later, and then three years later, and etcetera, etcetera, etcetera. Gotten down the line, he met with anybody he wanted, He met any time he wanted, and senior, senior Chinese folks would would go to him, would would want to talk to him to get a sense of where the things were in the United States, and vice versa. You know, he was a counselor to presidents of his party or not, people who agreed with him or not. He was seen as this respected voice that when he was in the room, people felt like they needed to listen to on both sides of this relationship, because as they say, he was so respected in China, and in these days you find somebody who who is you know, who is American, who has deeptised in the American state, who who is that respected in China is It's a very very small list, right, and Henry Kissingtram might have been right at the top of that list. Well, we think about the passing of a former Secretary of State who saw the world as it is. We have a current Secretary of State, Anthony Blincoln, who is back in a part of the world that is as restive as anywhere else in the Middle East. Let's talk a little bit about the latest that's happening in the conflict between Israel and Hamas and the influence the Secretary of State Blincoln is trying to have as this tenuous ceasefire continues. Yeah, and the thing that I think everybody's waiting for is to see how long this ceasefire will go. It was supposed to expire at seven am local time Thursday. It got extended for another day. I mean the announcement here just minutes before that ceasefire was due to end. There had been reports of small violations here and there of things. We have seen a steady drip drip of hostage releases. But it's a very very tenuous. I don't even want to use the word piece. It's a very it's a very tenuous pause. Let's go with pause, because a pause implies that the play button is back. It is also on the table that the restart could be coming soon. So I think that's the question. How much progress are we getting here? You do see the United States trying to play in here. I think I think the Biden administration is politically finding itself in a in a in a tough spot. They are trying to have some guardrails that they're trying to communicate to the Israelis. At the same time, you know, the the US is permissioning I if I can use that word, they're they're certainly you know, they're they're they're certainly Israel's biggest friend on the world stage. Right. So so that's a little bit of a difficult position that the Biden administration is trying to tread a little bit carefully. But they are trying to influence, uh, what's what's going on in that in that part of the world, and they have a lot of place to play. At the same time, you see countries like Egypt, countries like Cats are trying to you know, trying to influence Maybe they might be more simply sympathetic to other sides than the US administration might be, but all sort of trying to find and feel a way out of this so that it doesn't conflagrate more. All the while, also, it should be said, trying to keep nation states that are currently mostly on the side on the side. And I'm thinking here of countries like Iran to prevent this from escalating into something even more than it is right now. It's certainly a touch and go sort of thing right now. And I do as I say, I think, I think it carries some political risk. I mean, look, we're we're we're less than twelve months out from the US presidential election, and a lot of the people who are protesting in the streets in the United States are people who you would find in a normal Democratic coalition who are deeply upset with the president right now and vowing not to vote for him in any circumstance. Right that's a part, that's a group of people he needs to come out for him next year, and so it's a very very delicate ballot. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast. Feed at six am Eastern each morning on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street Time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh sixty one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, seriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak
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Good morning. 0:00:03.080 --> 0:00:05.920 I'm Nathan Hager and I'm Karen Moscow. Here are the 0:00:05.960 --> 0:00:07.440 stories we're following today. 0:00:07.960 --> 0:00:10.480 We begin with the passing of a man who defined 0:00:10.640 --> 0:00:13.720 foreign policy in the nineteen seventies and worked to shape 0:00:13.760 --> 0:00:18.600 it for decades. After Henry Kissinger has died, Bloomberg political 0:00:18.600 --> 0:00:22.040 contributor Rick Davis says Kissinger's influence was unmatched. 0:00:22.400 --> 0:00:26.159 It's quite a career that lasted my entire life. I 0:00:26.200 --> 0:00:28.840 would say that we've not seen much of the likes 0:00:28.880 --> 0:00:31.960 of him, somebody who has never been elected to office, 0:00:31.960 --> 0:00:35.000 but wielded as much power as any powerful president or 0:00:35.000 --> 0:00:36.120 prime minister in the world. 0:00:36.400 --> 0:00:39.440 Kissinger was credited with opening the door to China and 0:00:39.520 --> 0:00:43.240 achieving detente with the Soviet Union, but he courted controversy 0:00:43.360 --> 0:00:47.480 for supporting massive bombing campaigns in Vietnam and Cambodia. Bloomberg's 0:00:47.479 --> 0:00:51.560 Ian Marlow says Kissinger leaves a complicated legacy around. 0:00:51.320 --> 0:00:53.960 The world, in Asia in the Middle East. Could be 0:00:54.040 --> 0:00:56.760 a polarizing figure, but I think that was in part 0:00:56.840 --> 0:01:00.560 because he embodied that sort of American power. He was 0:01:00.600 --> 0:01:03.560 one of the people at the center of American power, 0:01:03.640 --> 0:01:06.399 and over a long period of time when the US 0:01:06.560 --> 0:01:09.040 role in the world was also changing, and it is 0:01:09.080 --> 0:01:11.080 to some extent and end of an era, and. 0:01:11.080 --> 0:01:13.839 That era continued right to the end. This past July. 0:01:13.920 --> 0:01:16.920 In fact, Henry Kissinger met with Chinese President Shi Jinping 0:01:17.040 --> 0:01:21.040 in Beijing to discuss US China relations. Henry Kissinger died 0:01:21.160 --> 0:01:24.080 yesterday at his home in Connecticut. He was one hundred 0:01:24.280 --> 0:01:25.520 years old, and. 0:01:25.520 --> 0:01:28.120 Nathan we turn out to breaking developments in the Middle East, 0:01:28.280 --> 0:01:31.160 Israel and Hamas have agreed to extend their truce for 0:01:31.319 --> 0:01:34.840 at least another day. The two sides announced the extension 0:01:35.040 --> 0:01:38.280 just minutes before their ceasefire was due to end. Head 0:01:38.280 --> 0:01:41.160 of the announcement, Secretary of State Anthony BLNCN explained what 0:01:41.240 --> 0:01:43.880 he hopes to achieve during his visit to the region. 0:01:44.240 --> 0:01:44.920 We'll discuss with. 0:01:44.880 --> 0:01:47.160 Israel how it can achieve its objective of ensuring that 0:01:47.360 --> 0:01:51.200 the terrorist attacks of October seventh never happen again, while 0:01:51.240 --> 0:01:55.240 sustaining an increasing amount of train assistance and minimizing further 0:01:55.280 --> 0:01:58.000 suffering and casualties among Palestine. 0:01:57.560 --> 0:02:00.760 Civilians and Secretary of State Blincoln is currently in Tel 0:02:00.760 --> 0:02:03.480 Aviv for his third visit since the attacks. He will 0:02:03.480 --> 0:02:05.960 also visit the West Bank, the visit comes as more 0:02:06.000 --> 0:02:09.720 captives were exchange yesterday evening, with ten hostages released by 0:02:09.760 --> 0:02:13.440 Hamas in exchange for thirty Palestinians held by Israel. 0:02:13.720 --> 0:02:16.280 And back here in the US, Karen House Speaker Mike 0:02:16.400 --> 0:02:21.480 Johnson says he has real reservations about expelling Congressman George Santos. 0:02:21.560 --> 0:02:24.080 We get that story from Bloomberg's At Baxter. 0:02:24.240 --> 0:02:27.560 The resolution says the vote needs to happen today, but 0:02:27.720 --> 0:02:30.839 Speaker Johnson says, for him, there are some real problems here. 0:02:30.960 --> 0:02:33.800 I personally have real reservations about doing this. 0:02:34.240 --> 0:02:37.440 I'm concerned about a president than may be set for that. 0:02:38.240 --> 0:02:40.240 So where everybody's working through that and we'll see how 0:02:40.240 --> 0:02:40.600 they vote. 0:02:40.600 --> 0:02:44.120 Sados will be the first expulsion without a conviction on charges. 0:02:44.600 --> 0:02:47.639 Johnson at one point yesterday said the vote would come Friday, 0:02:48.000 --> 0:02:51.560 but the resolution does say today, so we'll see how 0:02:51.600 --> 0:02:54.320 it works out. At Baxter Bloomberg Radio, All. 0:02:54.240 --> 0:02:56.960 Right, ed, Thanks well. Elon Musk is talking about the 0:02:56.960 --> 0:03:00.600 future of ex following and advertising boy and we get 0:03:00.639 --> 0:03:02.400 the latest from Bloomberg's John Tucker. 0:03:02.520 --> 0:03:05.600 John what the boycott is going to do mus says 0:03:05.880 --> 0:03:08.560 is kill the company, and who does he blame? Well, 0:03:08.560 --> 0:03:12.240 not himself, but the advertisers he herald in an expletive 0:03:12.280 --> 0:03:16.000 their way, saying they can go bleep themselves. Those advertisers 0:03:16.000 --> 0:03:19.680 include Walt Disney and Apple. Earlier this month, Musk agreed 0:03:19.720 --> 0:03:22.320 with a post that said Jewish people hold a dialectical 0:03:22.440 --> 0:03:25.600 hatred of white people. Well, that message has since drawn 0:03:25.680 --> 0:03:29.320 widespread criticism. On stage at the New York Times Deal 0:03:29.360 --> 0:03:32.400 Book conference, must did say the post was the worst 0:03:32.440 --> 0:03:35.960 and dumbest he's ever done. Mustourage people to judge him 0:03:36.000 --> 0:03:38.680 by his actions rather than his words. He brought up 0:03:38.680 --> 0:03:41.680 his electric car company, Tesla, saying he's done more for 0:03:41.720 --> 0:03:45.520 the environment than any human. I'm John Tucker, Bloomberg Radio. 0:03:45.720 --> 0:03:47.480 All right, John, thank you. Now, let's take a look 0:03:47.520 --> 0:03:49.720 at some stocks on the move this morning. Shares of 0:03:49.800 --> 0:03:53.320 Salesforce are up nearly nine percent. The San Francisco based 0:03:53.360 --> 0:03:56.080 software company gave a profit forecast for the current quarter. 0:03:56.160 --> 0:03:59.160 The top D analyst estamates Salesforce is benefiting from its 0:03:59.200 --> 0:04:00.000 cost cutting program. 0:04:00.760 --> 0:04:04.160 Meanwhile, Nathan Snowflake is up about eight and a half percent. 0:04:04.240 --> 0:04:06.760 The company gave a product sales outlook for the current 0:04:06.840 --> 0:04:10.200 quarter that beat expectations. That's fueling hope that revenue is 0:04:10.200 --> 0:04:13.840 stabilized after the software and maker experienced a dramatic slowdown 0:04:13.920 --> 0:04:15.600 in growth during the past year. 0:04:15.880 --> 0:04:19.200 Turning to the economy, differing views on inflation from two 0:04:19.440 --> 0:04:23.480 Federal Reserve Regional Bank presidents. Atlanta FED president Rafael Bostik 0:04:23.520 --> 0:04:26.880 says he's growing increasingly confident that inflation is firmly on 0:04:26.960 --> 0:04:29.840 a downward path. On the other hand, Richmond FED chief 0:04:29.880 --> 0:04:32.919 Thomas Barkins tell CNBC he's not yet convinced. 0:04:33.120 --> 0:04:36.680 There's no precision that anyone can point to at exactly 0:04:36.720 --> 0:04:40.120 what is the level of rates that exactly handles inflation 0:04:40.240 --> 0:04:42.480 and exactly the way you want to handle it, and 0:04:42.520 --> 0:04:45.160 so you're constantly trying to adjust on the flot. 0:04:45.440 --> 0:04:48.400 Both Thomas Barkin and Rafael Bostik will be voting members 0:04:48.400 --> 0:04:49.800 of the FOMC next year. 0:04:50.320 --> 0:04:50.480 Well. 0:04:50.520 --> 0:04:54.160 In corporate news, Nathan Online, a job search company, Indeed 0:04:54.279 --> 0:04:57.600 is canceling the monthly mental health days it introduced during 0:04:57.640 --> 0:05:00.760 the pandemic. Can we get this story from Bloomberg's Ellie Pellett. 0:05:00.920 --> 0:05:04.200 It joins a growing group of firms pairing back benefits 0:05:04.240 --> 0:05:08.240 they rushed to provide during the COVID nineteen crisis. Indeed 0:05:08.320 --> 0:05:11.880 initiated so called you Days in June of twenty twenty, 0:05:11.920 --> 0:05:15.200 giving all employees the same day off each month out 0:05:15.200 --> 0:05:18.799 of time when exhausted staff were taking fewer vacation days 0:05:19.040 --> 0:05:23.520 because of travel restrictions. Three years later, employees are once 0:05:23.560 --> 0:05:26.080 again booking time off at a similar rate to before 0:05:26.120 --> 0:05:29.440 the pandemic, so the company said quote. As a result, 0:05:29.640 --> 0:05:32.159 we have agreed that the global need for you days 0:05:32.320 --> 0:05:36.320 has passed. In New York, Charlie Pellett, Bloomberg Radio. 0:05:36.320 --> 0:05:39.440 And Charlie, we just got inflation data from the Eurozone. 0:05:39.440 --> 0:05:42.760 It cooled more than expected. Consumer prices rose two point 0:05:42.839 --> 0:05:45.640 four percent from a year ago in November. That was 0:05:45.720 --> 0:05:48.120 down from two point nine percent the previous month and 0:05:48.200 --> 0:05:51.840 less than all estimates of economists surveyed by Bloomberg. 0:05:55.120 --> 0:05:57.120 Sorry, Nathan, Thanks, It's time now for a look at 0:05:57.120 --> 0:05:59.320 some of the other stories making news around the world. 0:05:59.360 --> 0:06:02.160 For that, we're joal by Bloomberg's Amy Morris. 0:06:01.760 --> 0:06:05.440 Say good morning, Good morning, Karen Ultra. Conservatives in the 0:06:05.440 --> 0:06:08.640 House of Representatives have now softened their demands for deep 0:06:08.680 --> 0:06:11.920 spending cuts to domestic programs, heightening the odds that two 0:06:11.920 --> 0:06:14.560 parties can reach a spending agreement and avert of partial 0:06:14.720 --> 0:06:18.240 government shutdown in January. The shift came after the House 0:06:18.240 --> 0:06:21.159 failed to pass bills at the lower spending levels demanded 0:06:21.160 --> 0:06:23.600 by the House random Caucus. They've been pushing for one 0:06:23.680 --> 0:06:27.520 hundred twenty billion dollars in cuts. This softer stance gives 0:06:27.520 --> 0:06:30.599 House Speaker Johnson Moore a room to negotiate a bipartisan 0:06:30.680 --> 0:06:33.560 spending bill, as senators from both parties want to add 0:06:33.600 --> 0:06:37.120 fourteen billion dollars in spending by designating it an emergency 0:06:37.240 --> 0:06:40.520 not subject to that cap. As lawmakers consider an aid 0:06:40.560 --> 0:06:43.719 package to Israel, Senate majority leader Chuck Schumer is issuing 0:06:43.800 --> 0:06:46.560 a warning. Bloomberg's at Nancy Lyons has that part of 0:06:46.600 --> 0:06:47.080 the story. 0:06:47.320 --> 0:06:50.960 Senator Schumer, who is the highest ranking Jewish elected official 0:06:51.000 --> 0:06:53.839 in the country, spent forty five minutes on the Senate 0:06:53.839 --> 0:06:56.920 floor to crying the rise in anti Semitism at a 0:06:57.000 --> 0:06:58.440 level not seen in decades. 0:06:58.680 --> 0:07:02.640 The normalization and excusation of this rise and hate is 0:07:02.680 --> 0:07:05.240 the danger many Jewish people fear most. 0:07:05.480 --> 0:07:09.000 The Anti Defamation League says anti Semitic incidents of nearly 0:07:09.080 --> 0:07:12.960 quadrupled since the onset of the Israel Hamas War. Schumer 0:07:13.040 --> 0:07:15.760 says It's time for a clear throated denouncement of the 0:07:15.800 --> 0:07:19.240 hate in Washington, Nancy lyons Bloomberg Radio. 0:07:19.080 --> 0:07:21.640 And that new poll shows the number of college students 0:07:21.640 --> 0:07:25.680 experiencing or witnessing anti semitism is also up this academic year. 0:07:25.920 --> 0:07:28.600 That poll by the Jewish led Anti Defamation League and 0:07:28.720 --> 0:07:32.320 Hillel International found that nearly three in four Jewish students 0:07:32.560 --> 0:07:35.800 and forty four percent of non Jewish students saw or 0:07:35.920 --> 0:07:39.200 experienced anti Jewish ideas since the start of the twenty 0:07:39.240 --> 0:07:43.000 three to twenty four school year. A very special holiday display. 0:07:43.080 --> 0:07:46.280 Now at sixteen hundred Pennsylvania Avenue, the White House South 0:07:46.360 --> 0:07:49.600 Lawn has an ice skating rink to celebrate the holidays. 0:07:49.840 --> 0:07:53.400 First Lady Jill Biden unveiled the rink with skating performances 0:07:53.400 --> 0:07:56.160 from figure skaters and Peanuts characters. 0:07:56.200 --> 0:08:01.600 What's more magical and wonderful and joyful then, you know, 0:08:02.440 --> 0:08:04.200 being on an ice rink in. 0:08:04.200 --> 0:08:06.080 The South one of the White House. 0:08:06.400 --> 0:08:09.960 Who knew right A, Military, families, first responders, and other 0:08:10.040 --> 0:08:13.200 special invited guests can enjoy the White House skating rink 0:08:13.280 --> 0:08:16.000 in December. It will not be open to the public. 0:08:16.440 --> 0:08:18.600 Global News twenty four hours a day, and whenever you 0:08:18.640 --> 0:08:21.480 want it with Bloomberg News Now. I'm Amy Morrison. This 0:08:21.560 --> 0:08:23.960 is Bloomberg Karen right, Amy, Thank you well. 0:08:24.000 --> 0:08:25.840 We bring you news throughout the day right here on 0:08:25.880 --> 0:08:28.559 Bloomberg Radio. But now you can get the latest news 0:08:28.600 --> 0:08:32.560 on demand whenever you want it. Subscribe to Bloomberg News 0:08:32.559 --> 0:08:34.480 Now to get the latest headlines at the click of 0:08:34.520 --> 0:08:37.600 a button. Get informed on your schedule. You can listen 0:08:37.640 --> 0:08:40.800 and subscribe to Bloomberg News Now on the Bloomberg Business app, 0:08:40.800 --> 0:08:44.480 Bloomberg dot Com plus apples, Spotify, and anywhere else you 0:08:44.520 --> 0:08:52.160 get your podcasts. Time now for the Bloomberg Sports Update. 0:08:52.240 --> 0:08:54.199 Here's John stash Hour John. 0:08:54.320 --> 0:08:57.240 Daron upset in college basketball. They stormed the court in 0:08:57.320 --> 0:09:00.679 Fayetteville after Arkansas and opt off seventh rank Duke eighty 0:09:00.720 --> 0:09:05.240 to seventy five North Carolina ranked seventeen, put up sixty 0:09:05.280 --> 0:09:07.400 one points in the first half in Chapel Hill and 0:09:07.440 --> 0:09:10.480 beat tenth thrank Tennessee one hundred and ninety two. So 0:09:10.520 --> 0:09:14.880 they split fourteen games in the acc SEC Challenge over 0:09:14.920 --> 0:09:17.679 the previous two nights. They both won seven times. A 0:09:17.679 --> 0:09:20.080 couple of bad teams at the NBA's Eastern Conference, the 0:09:20.080 --> 0:09:22.640 Pistons the Wizards. They played the other night. Washington won, 0:09:22.760 --> 0:09:25.560 but the Wizards lost in Orlando, won thirty nine to 0:09:25.600 --> 0:09:27.960 one twenty. The Magic thirteen and five on the year. 0:09:28.000 --> 0:09:31.440 The Wizards are three and fifteen. The Pistons are two 0:09:31.679 --> 0:09:34.880 and seventeen. They bought fifteen games in a row. Blown 0:09:34.920 --> 0:09:37.200 out at home, Lakers won one thirty three to one 0:09:37.240 --> 0:09:41.040 oh seventy. Angelo Russell scored thirty five. Seahawks and Cowboys 0:09:41.080 --> 0:09:43.760 ticking off Week thirteen tonight in Dallas. They both played 0:09:43.840 --> 0:09:47.160 last Thursday. Cowboys won easily and Seattle lost to the 0:09:47.160 --> 0:09:49.640 forty nine Ers. These two teams are in second place 0:09:50.120 --> 0:09:52.360 in the NFC East and West. The teams that are 0:09:52.440 --> 0:09:54.920 in first place in those divisions the Eagles and forty 0:09:55.000 --> 0:09:57.200 nine Ers, and they play Sunday. That's the big game 0:09:57.240 --> 0:09:59.719 of Week thirteen. It's a rematch of last year's in 0:09:59.760 --> 0:10:02.920 at Championship. Joe Flacco now with the Cleveland Browns. They 0:10:02.920 --> 0:10:04.719 brought him in when the Shawn Watson went down. He's 0:10:04.720 --> 0:10:08.160 gone from third string QB to second and Dorian Thompson 0:10:08.280 --> 0:10:11.920 Robinson is in concussion protocol, so Flaco may start Sunday 0:10:11.920 --> 0:10:15.600 against the Rams. Patriots not saying anything official as usual 0:10:15.640 --> 0:10:17.920 for them, but it sounds like mac Jones goes to 0:10:17.960 --> 0:10:20.920 the bench. Bailey ZAPPI expected to start on Sunday. John 0:10:20.920 --> 0:10:22.800 stashed were Bloomberg Sports. 0:10:25.000 --> 0:10:28.000 From coast to coast, from New York to San Francisco, 0:10:28.320 --> 0:10:33.000 Boston to Washington, DC, nationwide on Syrias exam the Bloomberg 0:10:33.040 --> 0:10:35.000 Business app in Bloomberg dot com. 0:10:35.240 --> 0:10:40.120 This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We 0:10:40.200 --> 0:10:43.560 want to reflect more on the life and legacy of 0:10:43.679 --> 0:10:47.880 Henry Kissinger, who died yesterday at his home in Connecticut 0:10:47.960 --> 0:10:51.160 at the age of one hundred. Kissinger was born in 0:10:51.240 --> 0:10:54.760 nineteen twenty three in the German state of Bavaria. He 0:10:54.800 --> 0:10:58.319 moved to the US in nineteen thirty eight to escape 0:10:58.440 --> 0:11:02.800 Nazi persecution. The son of a Jewish school teacher. At 0:11:02.840 --> 0:11:07.440 age nineteen, while a student at the City College of 0:11:07.480 --> 0:11:11.360 New York, Kissinger was drafted into the army in the US, 0:11:11.440 --> 0:11:15.120 serving as an interpreter during World War II, and after 0:11:15.160 --> 0:11:17.720 the war he helped round up Gestapo officers as a 0:11:17.760 --> 0:11:21.120 member of the nine hundred and seventieth Counter Intelligence Corps. 0:11:21.840 --> 0:11:25.400 Kissinger spoke earlier this year with Bloomberg's editor in chief 0:11:25.520 --> 0:11:28.760 John Micklethwaite, and said he saw the first hand impact 0:11:28.840 --> 0:11:32.079 of authoritarianism and totalitarianism in his youth. 0:11:32.679 --> 0:11:38.440 It was an experience which it's so elemental then it 0:11:38.520 --> 0:11:39.680 becomes part of you. 0:11:40.120 --> 0:11:43.680 Kissinger brought that experience back with him to the United States. 0:11:43.720 --> 0:11:47.599 He resumed his studies at Harvard University. His doctoral dissertation 0:11:47.720 --> 0:11:51.400 there focused on balances of power in nineteenth century Europe. 0:11:51.520 --> 0:11:54.440 As a tenured professor at Harvard, Kissinger honed of the 0:11:54.440 --> 0:11:58.480 conservative real politic worldview that would dominate his thinking on 0:11:58.600 --> 0:12:02.040 foreign policy for more than a half century. Kissinger also 0:12:02.200 --> 0:12:06.560 cultivated relationships with policymakers in Washington that led him to 0:12:06.600 --> 0:12:10.199 the White House in nineteen sixty nine as National Security 0:12:10.240 --> 0:12:14.560 Advisor to President Richard Nixon. Kissinger's secret trips to China 0:12:14.640 --> 0:12:17.800 in nineteen seventy one paved the way for arguably the 0:12:17.840 --> 0:12:21.760 greatest foreign policy achievement of the Nixon presidency. His own 0:12:21.840 --> 0:12:23.200 visit the following year. 0:12:23.320 --> 0:12:27.560 Knowing of President Nixon's express desire to visit the People's 0:12:27.640 --> 0:12:31.480 Republic of China, Premier Cho and lie On behalf of 0:12:31.520 --> 0:12:35.280 the government of the People's Republic of China has extended 0:12:35.320 --> 0:12:37.680 an invitation to President Nixon to visit China. 0:12:37.720 --> 0:12:40.720 The opening of China and an anti ballistic missile treaty 0:12:40.720 --> 0:12:43.480 hammered out with the Soviet Union achieved what would become 0:12:43.520 --> 0:12:47.960 known as Kissinger's triangular diplomacy, but his penchate for secrecy 0:12:48.120 --> 0:12:51.440 would lead to controversy. Kissinger was the first person to 0:12:51.520 --> 0:12:54.720 serve as both National Security Advisor and Secretary of State 0:12:54.760 --> 0:12:57.560 at the same time. That allowed Nixon to run foreign 0:12:57.640 --> 0:13:00.640 policy more or less directly from the White House. The 0:13:00.679 --> 0:13:03.520 president summed up his attitude in a taped conversation with 0:13:03.640 --> 0:13:07.360 Kissinger about the Christmas Day bombing in Vietnam in nineteen 0:13:07.480 --> 0:13:14.559 seventy two. Kissinger fed into that paranoia about enemies and 0:13:14.640 --> 0:13:18.360 the press by ordering wiretaps of reporters and White House 0:13:18.400 --> 0:13:22.160 aids looking for leaks. That expanded use of surveillance led 0:13:22.200 --> 0:13:25.640 to Nixon's resignation under the weight of Watergate, but the 0:13:25.640 --> 0:13:29.080 weight of one major foreign policy decision would cloud Kissinger's 0:13:29.160 --> 0:13:32.040 legacy for the rest of his long life. The Secret 0:13:32.040 --> 0:13:35.959 War in Cambodia. Kissinger orchestrated the operation that dropped more 0:13:35.960 --> 0:13:39.360 than one hundred thousand tons of bombs on North Vietnamese 0:13:39.400 --> 0:13:41.960 positions in the country. It helped lead to the rise 0:13:42.000 --> 0:13:45.400 of a genocidal Khmer Rouge regime after the war, but 0:13:45.520 --> 0:13:49.200 Kissinger would never stop defending his conduct in Vietnam, even 0:13:49.240 --> 0:13:51.760 against critics who labeled him a war criminal. 0:13:51.880 --> 0:13:55.200 Would say a better way At any one point, we 0:13:55.440 --> 0:13:59.560 didn't think so. I still don't think so. But I'm 0:13:59.640 --> 0:14:05.000 open into that argument. But what is meant by better. 0:14:04.960 --> 0:14:07.960 That pragmatic approach to the world as it is rather 0:14:08.040 --> 0:14:10.840 than how policymakers might like it to be what informed 0:14:10.880 --> 0:14:14.040 Kissinger's view long after he left public office and sought 0:14:14.040 --> 0:14:16.920 to wield influence as a private citizen. At the age 0:14:16.920 --> 0:14:19.960 of eighty eight, Kissinger wrote the book on China, about 0:14:19.960 --> 0:14:22.400 the country he helped to bring back to the world stage. 0:14:22.640 --> 0:14:25.680 In a twenty twenty interview at the Bloomberg New Economy Forum, 0:14:25.760 --> 0:14:29.080 Kissinger warned of the risks of confrontation between the world's 0:14:29.120 --> 0:14:30.280 two biggest economies. 0:14:30.640 --> 0:14:36.520 Let's say, at some basis for some cooperative action to wills, 0:14:36.560 --> 0:14:43.800 Bill Slide hid a catastrophe. Comfortable do will do a one. 0:14:45.800 --> 0:14:48.680 And Henry Kissinger worked to head off that catastrophe. After 0:14:48.720 --> 0:14:52.280 reaching his hundredth birthday this year, when President Biden sent 0:14:52.400 --> 0:14:56.640 cabinet secretaries to Beijing to try to stabilize relations, the 0:14:56.680 --> 0:15:00.320 one US diplomat that Chinese President Shi Jinping met face 0:15:00.400 --> 0:15:03.400 to face this summer was the man who he called 0:15:03.400 --> 0:15:07.920 an old friend to China, former Secretary of State Henry Kissinger. 0:15:08.120 --> 0:15:11.280 And for more, we are joined from Singapore by Bloomberg 0:15:11.360 --> 0:15:16.000 News Managing editor Derek Wallbank. A mixed legacy, Derek, but 0:15:16.360 --> 0:15:18.280 an undeniable legacy at the same time. 0:15:19.440 --> 0:15:20.760 I think that's exactly right. 0:15:21.040 --> 0:15:21.120 An. 0:15:21.560 --> 0:15:24.520 I think you did a brilliant job setting this up 0:15:24.520 --> 0:15:28.680 and there when when we're talking about the reaction, especially 0:15:28.760 --> 0:15:35.200 out here, I think the the polarity of feedback has 0:15:35.240 --> 0:15:40.800 been striking today. You know, Kissinger was a sort of 0:15:40.880 --> 0:15:44.920 person that in some corners of the world was a 0:15:45.000 --> 0:15:49.480 lionized statesman, and some other corners in the world, uh, 0:15:49.520 --> 0:15:55.840 they considered him an absolute scoundrel. And and and there's 0:15:55.880 --> 0:16:02.440 not really a giant a mix of those right now, 0:16:02.480 --> 0:16:05.320 certainly through Asia hours and you're you're talking about somebody 0:16:05.400 --> 0:16:11.200 who in Singapore was was somebody that that foreign ministers 0:16:11.240 --> 0:16:16.000 would would make pilgrimage to his apartment in New York City. 0:16:16.120 --> 0:16:18.960 Every time that there was a UN General Assembly meeting China. 0:16:19.080 --> 0:16:22.040 You saw that you mentioned the reaction from Xi jianpingg 0:16:22.160 --> 0:16:25.800 He's Uh. Kissinger was described as an old friend of 0:16:25.800 --> 0:16:30.240 the Chinese people's there's a mournful reaction from from China 0:16:30.280 --> 0:16:31.280 at the same time. 0:16:31.880 --> 0:16:32.160 Uh. 0:16:32.200 --> 0:16:36.040 This is somebody who throughout parts of Southeast Asia, UH, 0:16:36.120 --> 0:16:40.960 particularly Cambodia, allows Vietnam, et cetera. You know, Indonesia, parts 0:16:41.000 --> 0:16:46.240 of team or less. It's like it is not held 0:16:46.400 --> 0:16:48.480 in anywhere the same sort of thing. It's a very 0:16:48.480 --> 0:16:53.200 polarizing person, but certainly somebody who had I think it 0:16:53.320 --> 0:16:57.320 is unanimous to say a titanic effect on the world 0:16:57.400 --> 0:16:58.360 in which he lived. 0:16:58.680 --> 0:17:01.880 No doubt, and to you put it into the context 0:17:02.080 --> 0:17:05.720 of where US China relations stand now. I think it'd 0:17:05.760 --> 0:17:08.920 gotten a little bit better since the low that we 0:17:09.000 --> 0:17:13.880 saw after the alleged spy balloon incident back in February. 0:17:14.520 --> 0:17:18.480 But talk a little bit more about the impact that 0:17:18.800 --> 0:17:21.960 Henry Kissinger tried to wield even up to the end, 0:17:22.920 --> 0:17:28.080 as President Biden was trying to put US China relations 0:17:28.119 --> 0:17:29.600 sort of back on the rails. 0:17:30.600 --> 0:17:34.400 I think one of the most notable things sitting here 0:17:34.800 --> 0:17:39.440 as as we closely have tracked the decline in relationships 0:17:39.440 --> 0:17:43.280 between the two superpowers, is how Henry Kissinger always seemed 0:17:43.280 --> 0:17:44.960 to be the one American who could get a meeting 0:17:44.960 --> 0:17:48.040 with anyone he wanted in China. I mean anybody he wanted. 0:17:50.080 --> 0:17:56.240 I saw in Chinese state media today retrospectives of here 0:17:56.280 --> 0:17:58.679 was Henry Kissinger visiting it this year, and then two 0:17:58.800 --> 0:18:01.439 years later, and then three years later, and etcetera, etcetera, etcetera. 0:18:01.440 --> 0:18:04.040 Gotten down the line, he met with anybody he wanted, 0:18:04.080 --> 0:18:07.600 He met any time he wanted, and senior, senior Chinese 0:18:07.600 --> 0:18:11.439 folks would would go to him, would would want to 0:18:11.480 --> 0:18:13.359 talk to him to get a sense of where the 0:18:13.400 --> 0:18:16.280 things were in the United States, and vice versa. You know, 0:18:16.400 --> 0:18:19.760 he was a counselor to presidents of his party or not, 0:18:19.880 --> 0:18:22.800 people who agreed with him or not. He was seen 0:18:22.840 --> 0:18:26.320 as this respected voice that when he was in the room, 0:18:26.920 --> 0:18:29.120 people felt like they needed to listen to on both 0:18:29.160 --> 0:18:31.080 sides of this relationship, because as they say, he was 0:18:31.119 --> 0:18:36.200 so respected in China, and in these days you find 0:18:36.240 --> 0:18:40.920 somebody who who is you know, who is American, who 0:18:40.920 --> 0:18:43.119 has deeptised in the American state, who who is that 0:18:43.280 --> 0:18:46.560 respected in China is It's a very very small list, right, 0:18:46.560 --> 0:18:48.120 and Henry Kissingtram might have been right at the. 0:18:48.040 --> 0:18:48.720 Top of that list. 0:18:49.320 --> 0:18:51.879 Well, we think about the passing of a former Secretary 0:18:51.920 --> 0:18:54.560 of State who saw the world as it is. We 0:18:54.680 --> 0:18:58.879 have a current Secretary of State, Anthony Blincoln, who is 0:18:58.920 --> 0:19:01.320 back in a part of the world that is as 0:19:01.440 --> 0:19:06.720 restive as anywhere else in the Middle East. Let's talk 0:19:06.760 --> 0:19:09.600 a little bit about the latest that's happening in the 0:19:09.640 --> 0:19:14.400 conflict between Israel and Hamas and the influence the Secretary 0:19:14.440 --> 0:19:17.200 of State Blincoln is trying to have as this tenuous 0:19:17.200 --> 0:19:18.560 ceasefire continues. 0:19:19.960 --> 0:19:24.160 Yeah, and the thing that I think everybody's waiting for 0:19:24.520 --> 0:19:29.439 is to see how long this ceasefire will go. It 0:19:29.520 --> 0:19:33.720 was supposed to expire at seven am local time Thursday. 0:19:34.840 --> 0:19:38.119 It got extended for another day. I mean the announcement 0:19:38.160 --> 0:19:40.960 here just minutes before that ceasefire was due to end. 0:19:41.440 --> 0:19:46.200 There had been reports of small violations here and there 0:19:47.160 --> 0:19:49.720 of things. We have seen a steady drip drip of 0:19:50.720 --> 0:19:57.600 hostage releases. But it's a very very tenuous. I don't 0:19:57.640 --> 0:20:00.760 even want to use the word piece. It's a very 0:20:01.160 --> 0:20:04.960 it's a very tenuous pause. Let's go with pause, because 0:20:05.000 --> 0:20:10.480 a pause implies that the play button is back. It 0:20:10.840 --> 0:20:13.679 is also on the table that the restart could be 0:20:13.720 --> 0:20:17.240 coming soon. So I think that's the question. How much 0:20:17.359 --> 0:20:19.760 progress are we getting here? You do see the United 0:20:19.800 --> 0:20:22.240 States trying to play in here. I think I think 0:20:22.280 --> 0:20:26.399 the Biden administration is politically finding itself in a in 0:20:26.440 --> 0:20:31.320 a in a tough spot. They are trying to have 0:20:31.359 --> 0:20:34.480 some guardrails that they're trying to communicate to the Israelis. 0:20:34.520 --> 0:20:38.639 At the same time, you know, the the US is 0:20:38.720 --> 0:20:42.119 permissioning I if I can use that word, they're they're 0:20:42.240 --> 0:20:48.600 certainly you know, they're they're they're certainly Israel's biggest friend 0:20:48.600 --> 0:20:49.439 on the world stage. 0:20:49.560 --> 0:20:49.720 Right. 0:20:49.800 --> 0:20:52.240 So so that's a little bit of a difficult position 0:20:52.280 --> 0:20:54.240 that the Biden administration is trying to tread a little 0:20:54.240 --> 0:20:57.800 bit carefully. But they are trying to influence, uh, what's 0:20:57.840 --> 0:21:00.680 what's going on in that in that part of the world, 0:21:00.680 --> 0:21:02.520 and they have a lot of place to play. At 0:21:02.560 --> 0:21:05.359 the same time, you see countries like Egypt, countries like 0:21:05.400 --> 0:21:08.720 Cats are trying to you know, trying to influence Maybe 0:21:08.760 --> 0:21:14.840 they might be more simply sympathetic to other sides than 0:21:15.040 --> 0:21:18.480 the US administration might be, but all sort of trying 0:21:18.520 --> 0:21:21.760 to find and feel a way out of this so 0:21:21.800 --> 0:21:25.560 that it doesn't conflagrate more. All the while, also, it 0:21:25.600 --> 0:21:28.840 should be said, trying to keep nation states that are 0:21:28.880 --> 0:21:32.720 currently mostly on the side on the side. And I'm 0:21:32.720 --> 0:21:37.639 thinking here of countries like Iran to prevent this from 0:21:37.920 --> 0:21:41.920 escalating into something even more than it is right now. 0:21:41.920 --> 0:21:45.960 It's certainly a touch and go sort of thing right now. 0:21:46.000 --> 0:21:47.840 And I do as I say, I think, I think 0:21:47.840 --> 0:21:50.880 it carries some political risk. I mean, look, we're we're 0:21:51.200 --> 0:21:54.399 we're less than twelve months out from the US presidential election, 0:21:55.080 --> 0:21:57.960 and a lot of the people who are protesting in 0:21:58.000 --> 0:22:00.879 the streets in the United States are people who you 0:22:00.920 --> 0:22:04.680 would find in a normal Democratic coalition who are deeply 0:22:04.800 --> 0:22:06.920 upset with the president right now and vowing not to 0:22:07.000 --> 0:22:09.720 vote for him in any circumstance. Right that's a part, 0:22:10.000 --> 0:22:11.760 that's a group of people he needs to come out 0:22:11.800 --> 0:22:13.640 for him next year, and so it's a very very 0:22:13.640 --> 0:22:14.480 delicate ballot. 0:22:17.000 --> 0:22:20.080 This is Bloomberg Daybreak Today, your morning brief on the 0:22:20.119 --> 0:22:23.560 stories making news from Wall Street to Washington and beyond. 0:22:23.800 --> 0:22:26.560 Look for us on your podcast. Feed at six am 0:22:26.640 --> 0:22:30.320 Eastern each morning on Apple, Spotify, and anywhere else you 0:22:30.359 --> 0:22:31.560 get your podcasts. 0:22:31.680 --> 0:22:34.360 You can also listen live each morning starting at five 0:22:34.400 --> 0:22:37.000 am Wall Street Time on Bloomberg eleven three to zero 0:22:37.080 --> 0:22:39.880 in New York, Bloomberg ninety nine to one in Washington, 0:22:40.000 --> 0:22:43.240 Bloomberg one oh sixty one in Boston, and Bloomberg ninety 0:22:43.240 --> 0:22:44.639 sixty in San Francisco. 0:22:45.000 --> 0:22:48.160 Our flagship New York station is also available on your 0:22:48.240 --> 0:22:53.600 Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. 0:22:53.680 --> 0:22:57.280 Listen coast to coast on the Bloomberg Business app, seriusxmb 0:22:57.440 --> 0:23:01.480 iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager. 0:23:01.280 --> 0:23:04.399 And I'm Karen Moscow. Join us again tomorrow morning for 0:23:04.520 --> 0:23:07.040 all the news you need to start your day right 0:23:07.080 --> 0:23:08.720 here on Bloomberg Daybreak