Jimmy Carter's Passing; Republicans Fight to Back Speaker Johnson

Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Amy 0:00:10.800 --> 0:00:13.720 Morris and I'm Karen Moscow. Here are the stories we're 0:00:13.760 --> 0:00:14.560 following today. 0:00:14.880 --> 0:00:17.159 Karen, we begin this morning with the passing of a 0:00:17.280 --> 0:00:20.959 former US president. Jimmy Carter, the thirty ninth President of 0:00:20.960 --> 0:00:24.200 the United States, died at his home in Georgia Sunday 0:00:24.320 --> 0:00:27.520 at the age of one hundred, the longest living president 0:00:27.600 --> 0:00:31.080 in US history. Carter's accomplishments during his one term in 0:00:31.120 --> 0:00:35.080 the nation's highest office included brokering and historic peace accord 0:00:35.320 --> 0:00:39.240 between Israel and Egypt. He faced several domestic and foreign 0:00:39.320 --> 0:00:43.280 challenges throughout his presidency, but he refined the post presidency 0:00:43.360 --> 0:00:46.600 for US leaders. Bloomberg's John Tucker takes a look back 0:00:46.920 --> 0:00:50.120 at Jimmy Carter's political career and legacy. 0:00:50.520 --> 0:00:53.800 Jimmy Carter served as state senator and governor of Georgia 0:00:53.880 --> 0:00:56.800 before becoming the thirty ninth President of the United States. 0:00:56.840 --> 0:00:59.200 I Jimmy Carter do selling this sware that I will 0:00:59.280 --> 0:01:01.000 faithfully acute Bravo. 0:01:01.080 --> 0:01:05.000 Carter's tenure in the Oval office was tumultuous, marked by inflation, 0:01:05.319 --> 0:01:07.640 a recession, and an energy crisis. 0:01:07.760 --> 0:01:10.399 Our dependence on four and all will be stopped Dead. 0:01:10.560 --> 0:01:13.000 In its tract right Now. 0:01:13.000 --> 0:01:17.320 Carter encouraged energy conservation by all US citizens and created 0:01:17.360 --> 0:01:20.760 the Department of Energy. His final year in office was 0:01:20.880 --> 0:01:24.200 marred by the Iran hostage crisis, which contributed to his 0:01:24.319 --> 0:01:28.119 loss to Ronald Reagan in nineteen eighty. After politics, Carter 0:01:28.200 --> 0:01:31.800 committed much of his time to peacekeeping and humanitarian efforts 0:01:32.120 --> 0:01:33.520 like Habitat for Humanity. 0:01:33.680 --> 0:01:37.040 Join us with Habitat for Humanity as we rebuilt Holmes 0:01:37.200 --> 0:01:37.600 and Live. 0:01:37.760 --> 0:01:41.399 Jimmy Carter was the longest retired president and the first 0:01:41.440 --> 0:01:44.640 to live past the age of ninety five. John Tucker 0:01:44.800 --> 0:01:46.040 Bloomberg Radio. 0:01:46.160 --> 0:01:48.960 All right, John, thank you well. After leaving office, Jimmy 0:01:49.000 --> 0:01:52.200 Carter founded the Carter Center and was awarded the Nobel 0:01:52.280 --> 0:01:55.000 Peace Prize in two thousand and two for his decades 0:01:55.120 --> 0:01:58.560 long efforts to promote peace, democracy, and human rights. 0:01:58.600 --> 0:02:00.000 President Biden paid tribute. 0:02:00.280 --> 0:02:02.920 He worked to eradicate disease, not nicess at home, but 0:02:02.960 --> 0:02:08.200 around the world. He forge peace, advanced civil rights, human rights, 0:02:08.480 --> 0:02:11.440 promoter free and fair elections around the world. He built 0:02:11.440 --> 0:02:14.679 housing and homeless for the hopeless without hands, and his 0:02:14.840 --> 0:02:18.320 compassion and moral clerk to clarity lifts the people up 0:02:18.320 --> 0:02:20.600 and changed lives and saved lives. 0:02:20.320 --> 0:02:21.640 All over the globe. 0:02:21.680 --> 0:02:24.720 President Biden also recalled his long friendship with Carter. 0:02:25.040 --> 0:02:27.200 I've been hanging out with Jimmy Carter for over fifty 0:02:27.280 --> 0:02:30.919 years at Dawn Dummy, and I had countless conversation over 0:02:31.200 --> 0:02:34.600 those years. Well, I find extraordinary about Jimmy Carter. Goof, 0:02:35.160 --> 0:02:38.320 there's millions of people all around the world, all over 0:02:38.360 --> 0:02:41.000 the world feel they lost a friend as well. 0:02:41.320 --> 0:02:44.080 President Biden says he'll order a state funeral for Carter 0:02:44.160 --> 0:02:47.440 in Washington and designated January ninth as a National Day 0:02:47.480 --> 0:02:51.440 of mourning. The US stock market traditionally closes on the 0:02:51.520 --> 0:02:54.640 day of presidential funerals, and no announcement has been made 0:02:54.639 --> 0:02:57.240 as of yet by Exchange overseers. 0:02:57.760 --> 0:03:02.040 President elect Donald Trump also paid to Carter on social media. 0:03:02.160 --> 0:03:06.320 While Trump often spoke negatively about Carter's presidency during the campaign, 0:03:06.639 --> 0:03:10.079 he wrote on Truth Social yesterday that Carter quote did 0:03:10.120 --> 0:03:13.000 everything in his power to improve the lives of all Americans. 0:03:13.200 --> 0:03:16.720 For that we all owe him a gret of gratitude. 0:03:17.040 --> 0:03:19.880 Well, Amy, We'll have more on the passing of Jimmy 0:03:19.960 --> 0:03:22.600 Carter throughout the program but we continue now with other 0:03:22.639 --> 0:03:26.440 headlines this morning. Elsewhere in politics, and Republican hardliners have 0:03:26.600 --> 0:03:29.360 not committed to re electing GOP leader Mike Johnson his 0:03:29.440 --> 0:03:33.000 House speaker after he backed a temporary spending deal that 0:03:33.040 --> 0:03:36.760 did not include President elect Trump's initial demand for lifting 0:03:36.760 --> 0:03:40.080 the US debt ceiling, but others are pushing back. New 0:03:40.160 --> 0:03:43.840 York Republican Congressman Mike Lawler says the infighting is a 0:03:43.880 --> 0:03:44.760 waste of time. 0:03:45.080 --> 0:03:47.480 Matt Gates and several of my colleagues teamed up with 0:03:47.880 --> 0:03:51.280 two hundred and eight Democrats to remove Kevin McCarthy, which 0:03:51.320 --> 0:03:53.560 will go down as the single stupidest thing I've ever 0:03:53.600 --> 0:03:58.040 seen in politics. With that said, removing Mike Johnson would 0:03:58.120 --> 0:04:01.480 equally be as stupid looking Congress and Mike Lawler told 0:04:01.520 --> 0:04:04.400 ABC's This Week the party is playing with fire if 0:04:04.440 --> 0:04:06.720 it removes Johnson as speaker in January. 0:04:07.040 --> 0:04:09.560 Johnson can only afford to lose one vote among his 0:04:09.640 --> 0:04:13.000 slim Republican majority when the House votes on its new leader. 0:04:13.320 --> 0:04:16.200 If removed, a battle to replace Johnson could delay other 0:04:16.279 --> 0:04:21.160 aspects of Congress, including certifying Trump's election win. How speakership 0:04:21.240 --> 0:04:23.480 vote is scheduled for January third. 0:04:23.880 --> 0:04:27.000 And Karen We also saw political infighting this weekend on 0:04:27.040 --> 0:04:30.800 social media over immigration. An online debate ensued over the 0:04:31.040 --> 0:04:33.960 H one B visa program, which allows companies to hire 0:04:34.000 --> 0:04:38.600 foreign workers in specialty occupations. Trump's appointment of Saram Krishnan 0:04:38.720 --> 0:04:42.279 as senior policy advisor sparked some pushback from far right 0:04:42.320 --> 0:04:46.080 activist Laura Lumer and former Trump advisor Steve Bannon, and 0:04:46.120 --> 0:04:50.839 in the past, Chrishnan has supported an extension of visas 0:04:50.839 --> 0:04:54.240 and green cards for skilled workers. Trump advisor Elon Musk 0:04:54.279 --> 0:04:57.000 wade in, however, saying he supports the H one B 0:04:57.120 --> 0:05:00.560 visa program for highly skilled workers and criticized those in 0:05:00.560 --> 0:05:02.359 Trump's base of support who don't back it. 0:05:02.720 --> 0:05:04.039 Trump seemed to take. 0:05:03.960 --> 0:05:06.560 Musk's side, telling the New York Post quote, it's a 0:05:06.560 --> 0:05:09.960 great program and has always been in favor of the visus. 0:05:10.040 --> 0:05:13.400 Hey while oversees amy Elon Musk making waves as he 0:05:13.480 --> 0:05:17.520 weighs into international politics. The world's richest man doubled down 0:05:17.600 --> 0:05:20.200 on his support for the far right Alternative for Germany 0:05:20.240 --> 0:05:23.719 Party two months ahead of the country's elections. Musk wrote 0:05:23.800 --> 0:05:27.600 the AfD party was the last spark of hope for Germany. 0:05:27.640 --> 0:05:30.520 In an opinion piece in a German newspaper. Three stage 0:05:30.560 --> 0:05:33.640 chapters of the AfD are classified as extremists and are 0:05:33.720 --> 0:05:37.120 under surveillance by Germany's domestic intelligence service. 0:05:37.800 --> 0:05:41.080 Staying overseas, we're also following the deadly plane crash in 0:05:41.120 --> 0:05:43.719 South Korea. One hundred and seventy nine people were killed 0:05:43.880 --> 0:05:46.720 when a Boeing seven thirty seven crash landed at one 0:05:46.800 --> 0:05:51.279 international airport Sunday morning. Investigators in South Korea are probing 0:05:51.320 --> 0:05:55.640 the cause of the country's worst ever ever civil aviation accident. 0:05:55.880 --> 0:06:00.760 Bloomberg Asia aviation reporter Danny Lee says the pilot issued 0:06:00.760 --> 0:06:03.720 a may day minutes after the controls hour warned of 0:06:03.760 --> 0:06:04.640 a bird strike. 0:06:05.160 --> 0:06:08.840 So the bird strike warning was given to pilots by 0:06:09.120 --> 0:06:13.880 the airport staff and airtraft control in the minutes before 0:06:14.160 --> 0:06:16.839 the landing, and this is a critical phase of flight 0:06:17.440 --> 0:06:22.640 for pilots to obviously navigate safely in land. And after 0:06:22.920 --> 0:06:26.000 this bird strike warning there was a made a call 0:06:26.040 --> 0:06:28.560 from the pilots they had suffered a bird strike, and 0:06:28.600 --> 0:06:31.160 then subsequently, minutes later the crash happened. 0:06:31.880 --> 0:06:35.680 Bloomberg's Danny Lie says investigators will focus on an unusual 0:06:35.800 --> 0:06:38.760 landing gear failure in the final moments of the flight. 0:06:39.160 --> 0:06:42.839 A second aircraft from the same airline suffered a similar 0:06:42.880 --> 0:06:47.040 fault this morning above Seoul before returning safely to the airport. 0:06:47.600 --> 0:06:48.680 Well lamy a South Korea. 0:06:48.760 --> 0:06:52.520 Morenst devastating plane crash, the country continues to experience political 0:06:52.560 --> 0:06:55.680 turmoil and a restaurarrant being soft for South Korea's president. 0:06:55.760 --> 0:06:59.799 Yunsak Yule, the MPH leader had repeatedly defined court summons 0:06:59.800 --> 0:07:02.240 to a peer for questioning over his decision to declare 0:07:02.279 --> 0:07:05.160 martial law and vow to keep defending himself. 0:07:05.640 --> 0:07:07.000 And finally, a look at markets. 0:07:07.040 --> 0:07:09.640 As Wall Street enters the holiday short and final trading 0:07:09.680 --> 0:07:13.440 week of twenty twenty four, investors have seen a pullback 0:07:13.480 --> 0:07:16.400 recently in the Magnificent seven tech stocks that have powered 0:07:16.400 --> 0:07:19.400 two years of gains. Despite uncertainty about the FED and 0:07:19.440 --> 0:07:23.280 economic policies in a second Trump administration, Lall Street strategists 0:07:23.320 --> 0:07:27.160 are expression cautious optimism on US doocs heading into the 0:07:27.200 --> 0:07:31.320 new year. Thomas Martin, senior portfolio manager with Global Tea Investments, 0:07:31.560 --> 0:07:34.440 believes equities could continue to push higher. 0:07:34.200 --> 0:07:38.360 The underlying fundamentals in the economy, the expected earnings growth 0:07:38.760 --> 0:07:42.600 of companies and the expected growth rate of GDP and 0:07:43.200 --> 0:07:47.080 potential for positive things that can happen really are forcing 0:07:47.200 --> 0:07:50.200 strategists and people to be positive on the next year. 0:07:50.360 --> 0:07:54.040 So you know, a ten percent rate of return in 0:07:54.040 --> 0:07:56.040 the S and P five hundred is sort of the 0:07:56.080 --> 0:07:59.120 long term average over the last three decades, and that's 0:07:59.160 --> 0:08:01.920 sort of the centralcy that I'm seeing in the strategists 0:08:01.920 --> 0:08:04.680 that I see surveyed. So it's quite possible we could 0:08:04.720 --> 0:08:05.760 have up year. 0:08:06.320 --> 0:08:09.400 Thomas Martin with Globald Investments believes the outcome range for 0:08:09.400 --> 0:08:11.760 the S and P in twenty twenty five is likely 0:08:11.880 --> 0:08:13.960 wider than investors are anticipating. 0:08:17.480 --> 0:08:18.800 But it's time now for a look at some of 0:08:18.800 --> 0:08:21.240 the other stories making news in New York and around 0:08:21.240 --> 0:08:23.960 the world, and for that we're joined by Bloombergy's Michael Barr. 0:08:24.120 --> 0:08:26.920 Michael, good morning, Good morning Karen, And as we've been reporting, 0:08:26.960 --> 0:08:29.960 tributes continue to Poorian after the death of former President 0:08:30.080 --> 0:08:33.760 Jimmy Carter, known as a champion of human rights. Former 0:08:33.960 --> 0:08:37.920 New York Governor David Patterson is remembering Carter most. 0:08:37.679 --> 0:08:42.800 Of all, he was able to mix his commitment spiritually 0:08:43.240 --> 0:08:48.240 to his professionalism as an elected official, and very few 0:08:48.400 --> 0:08:51.439 people that have ever held office in this country have 0:08:51.600 --> 0:08:51.920 done that. 0:08:52.320 --> 0:08:55.200 Former President Jimmy Carter, also the winner of the Nobel 0:08:55.240 --> 0:08:58.080 Peace Prize night Sunday at the age of one hundred. 0:08:58.559 --> 0:09:01.559 A strong storm system is threatening to whip up tornadoes 0:09:01.559 --> 0:09:04.960 in parts of the US southeast, a day after severe 0:09:05.040 --> 0:09:07.960 weather claimed at least two lives and injured six others 0:09:08.200 --> 0:09:12.680 as twisters touched down in Texas and Mississippi. Strong storms 0:09:12.800 --> 0:09:18.160 moving eastward are expected to continue producing gusty, damaging winds, hail, 0:09:18.440 --> 0:09:22.560 and tornadoes. Terry hackel is with a Texas based rescue 0:09:22.559 --> 0:09:26.280 group called On Point Rescue, who deployed volunteers to help 0:09:26.280 --> 0:09:29.280 with the cleanup effort in the Montgomery County community of 0:09:29.360 --> 0:09:30.160 Porter Heights. 0:09:30.480 --> 0:09:35.480 This is bad, but people will recover. This community is tight, 0:09:35.800 --> 0:09:39.000 so we're seeing that a lot. These are mostly people 0:09:39.000 --> 0:09:41.120 that are out. They're not getting paid to be here. 0:09:41.200 --> 0:09:44.160 This is volunteers that our entire team is volunteers. 0:09:44.480 --> 0:09:47.240 Terry Hackele with On Point Rescue says many of those 0:09:47.280 --> 0:09:51.440 affected don't have home insurance. Tony Award winning stage actress 0:09:51.600 --> 0:09:54.920 Linda Levin became a working class icon as a waitress 0:09:54.960 --> 0:09:58.920 on the TV sitcom Alice Has Died. Levin was already 0:09:58.920 --> 0:10:01.480 a success on broad Way when she was chosen to start, 0:10:02.080 --> 0:10:05.280 and at the time a new CBS sitcom in nineteen 0:10:05.320 --> 0:10:08.760 seventy six based on the Oscar winning film Alice Doesn't 0:10:08.760 --> 0:10:12.600 Live Here Anymore. Lavin's representative says she died Sunday of 0:10:12.640 --> 0:10:17.400 complications from lung cancer at age eighty seven. Final preparations 0:10:17.480 --> 0:10:22.320 underway in Times Squares New Year's celebration. The Crossroad of 0:10:22.360 --> 0:10:25.120 the World is set to welcome millions as the ball 0:10:25.200 --> 0:10:28.199 drops from the top of the one Time Square tower 0:10:28.240 --> 0:10:31.520 to ring in twenty twenty five. Yesterday, workers at the 0:10:31.559 --> 0:10:35.720 site rehearsed the confetti toss. New Year's Eve Executive producer 0:10:35.800 --> 0:10:39.560 Jeffrey Strauss says cruise will be on rooftops around Time 0:10:39.640 --> 0:10:41.559 Square to toss confetti by hand. 0:10:41.760 --> 0:10:45.400 As the ball descends and innumerals light up twenty twenty five, 0:10:45.840 --> 0:10:48.040 There's going to be a blizzard of colorful confetti. 0:10:48.559 --> 0:10:51.439 New Year's Eve Executive producer Jeffrey Strauss says about three 0:10:51.440 --> 0:10:54.680 thousand pounds of confetti will be released Global news twenty 0:10:54.720 --> 0:10:56.760 four hours a day and whenever you want it. With 0:10:56.800 --> 0:10:59.920 the Bloomberg news Now. I'm Michael Barr, and this is Bloomberg. 0:11:00.440 --> 0:11:07.160 All right, Michael Barr, thank you time now for the 0:11:07.200 --> 0:11:10.600 Bloombergy Sports update. Brown to you by Try State Outie. 0:11:10.640 --> 0:11:12.960 Here's Dan Schwartzman, Dan, good morning. 0:11:12.840 --> 0:11:13.640 Good morning Karen. 0:11:13.679 --> 0:11:17.000 The Giants snapped their franchise record ten game losing streak. 0:11:17.200 --> 0:11:20.360 The second half kickoff is take it out by Smith 0:11:20.400 --> 0:11:27.880 bar Set, still going, Lemir Smith bar Set, the Jersey 0:11:27.960 --> 0:11:31.120 native takes it all the way for a Giants. 0:11:30.679 --> 0:11:34.320 Touchdown that's courtesy of Fox Sports. With a forty five 0:11:34.400 --> 0:11:36.360 to thirty three winner of the Colts, the Giants avoid 0:11:36.400 --> 0:11:38.240 becoming the first team to go win nine at. 0:11:38.080 --> 0:11:38.840 Home in a season. 0:11:39.160 --> 0:11:40.960 Drew Lock throwse for three hundred and nine yards and 0:11:41.000 --> 0:11:43.720 four touchdowns with the win. Though the Giants lose their 0:11:43.720 --> 0:11:46.360 grip on the first overall pick of the upcoming NFL Draft. 0:11:46.160 --> 0:11:47.559 They now hold the fourth selection. 0:11:48.080 --> 0:11:51.160 Jets get dominated in Buffalo forty to fourteen by the Bills, 0:11:51.160 --> 0:11:54.200 Aaron Rodgers getting benched after throwing two interceptions. 0:11:54.440 --> 0:11:55.600 Jets fought a four and twelve. 0:11:55.640 --> 0:11:58.079 The Bills clinched his second seed in the AFC behind 0:11:58.080 --> 0:12:01.480 the Chiefs. Elsewhere, Eagles dominate the Cowboys forty one to seven, 0:12:01.559 --> 0:12:04.840 Saquon Barkley becoming just the ninth running back in history 0:12:05.040 --> 0:12:07.880 to surpass two thousand yards rushing in a season. Barkley 0:12:07.920 --> 0:12:09.559 is going to need one hundred and one yards next 0:12:09.600 --> 0:12:12.719 Sunday versus the Rams to break Eric Dickerson's forty year 0:12:12.720 --> 0:12:15.680 old rushing record of two one hundred and five yards 0:12:15.679 --> 0:12:18.440 in a season. With the win, Eagles clinching the NFC 0:12:18.480 --> 0:12:21.680 East Commanders improved eleven and five and overtime thirty to 0:12:21.720 --> 0:12:24.760 twenty four win over the Falcons to clinch a playoff berth. Meanwhile, 0:12:24.800 --> 0:12:26.440 the Vikings win their ninth game in a row. They 0:12:26.520 --> 0:12:29.280 knock off the Packers twenty seven to twenty five. If 0:12:29.280 --> 0:12:32.040 the Lines win tonight over the forty nine Ers, Vikings 0:12:32.040 --> 0:12:34.160 and Lines will be playing next weekend in Detroit for 0:12:34.200 --> 0:12:36.600 both the NFC North Crown as well as the top 0:12:36.640 --> 0:12:39.600 seed in the NFC playoffs. Looking at the NBA, the 0:12:39.640 --> 0:12:41.840 Celtics lose for the third time in four games. They 0:12:41.920 --> 0:12:44.440 fall to the Pacers in Boston one twenty three to 0:12:44.440 --> 0:12:47.040 one fourteen, while the Magic slip past the Nets one 0:12:47.040 --> 0:12:48.360 oh two to one oh one. 0:12:48.559 --> 0:12:51.599 That's your Bloomberg Sports update. I'm Dan Schwartzman. 0:12:53.240 --> 0:12:57.360 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:12:57.480 --> 0:13:00.360 and around the world on Bloomberg dot Com and the 0:13:00.400 --> 0:13:04.319 Bloomberg Business app. This is Bloomberg Daybreak. 0:13:05.000 --> 0:13:07.400 Five fourteen on Wall Street, and we're looking back this 0:13:07.559 --> 0:13:11.440 morning at the life and legacy of former President Jimmy Carter. 0:13:11.559 --> 0:13:15.240 We're joined now by Terry Haynes, the founder of Pangaea Policy. 0:13:15.559 --> 0:13:16.679 Terry, good morning to you. 0:13:17.080 --> 0:13:20.160 Jimmy Carter was a one term president, but it was 0:13:20.200 --> 0:13:23.439 his post White House work that really seemed to define him. 0:13:24.040 --> 0:13:28.080 Good morning, Amy, And you know, just so Carter, and 0:13:28.320 --> 0:13:33.800 ironically Richard Nixon, who his own difficulties did so much 0:13:33.840 --> 0:13:37.920 to bring Carter into the White House, ultimately really defined 0:13:37.960 --> 0:13:41.200 the post presidency in a lot of different ways. A 0:13:41.240 --> 0:13:43.839 lot of what a lot of what's been said about 0:13:43.840 --> 0:13:50.480 Carter post presidency accurately about peace and advice and all 0:13:50.480 --> 0:13:55.640 the kind of back scenes work was also engaged in 0:13:55.679 --> 0:13:59.680 by Nixon to some extent, and they really changed the 0:13:59.720 --> 0:14:05.920 way that presidents dealt with their post presidency. So all 0:14:05.960 --> 0:14:09.360 credit to him for that. Two quick points on Carter 0:14:09.520 --> 0:14:12.800 beyond that one for markets, because I always start there. 0:14:13.080 --> 0:14:15.960 Carter really broke the back of inflation in the late 0:14:16.040 --> 0:14:21.239 nineteen seventies and early nineteen eighties. Those with longer memories 0:14:21.560 --> 0:14:24.160 will always say, well, Paul Vulker did this, Paul Vulker 0:14:24.160 --> 0:14:27.680 did that. It was Carter that put Paul Vulker in there, 0:14:27.680 --> 0:14:31.160 and it was Carter that told Vulker that he would 0:14:31.160 --> 0:14:34.360 back Vulker's own views about this to the hilt and 0:14:34.720 --> 0:14:38.360 deal with the political fallout. And ultimately Vulker got the 0:14:38.480 --> 0:14:40.960 kudos and Carter got the short end of the stick. 0:14:41.080 --> 0:14:45.440 But Carter should be remembered for that. Finally, Carter is 0:14:45.600 --> 0:14:49.960 really the last Democratic president to challenge Democratic articles of 0:14:50.000 --> 0:14:52.360 faith that more government and more money are always the 0:14:52.400 --> 0:14:55.960 solution to problems, and he fell out with his own 0:14:56.000 --> 0:14:59.840 Congress over that, and that contributed to his one term status. 0:15:00.600 --> 0:15:04.560 Briefly, you also mentioned some of the ways he carried 0:15:04.600 --> 0:15:08.960 through how Nixon performed in his post presidency. But Carter 0:15:09.080 --> 0:15:12.680 also continued efforts that started during the Nixon administration to 0:15:12.720 --> 0:15:14.400 normalize relations with China. 0:15:15.440 --> 0:15:15.640 Oh. 0:15:15.680 --> 0:15:20.040 Absolutely, And you know, I don't mean to engage or 0:15:20.040 --> 0:15:22.280 suggest what about ism here. I just think it's the 0:15:22.480 --> 0:15:28.120 parallel tracks are very very interesting Nixon. Nixon, of course 0:15:28.160 --> 0:15:32.800 started the China Thought policy, and Carter really moved into 0:15:32.840 --> 0:15:37.560 that and continued it with a vengeance. And from the 0:15:37.680 --> 0:15:41.960 perspective of almost fifty years that was somewhat controversial to 0:15:42.000 --> 0:15:46.680 continue that way, but he did it, and his created 0:15:47.360 --> 0:15:50.440 I think unwittingly today, but I wouldn't fault him for this. 0:15:50.640 --> 0:15:57.480 Back then created the Taiwan's Strategic Ambiguity policy that is 0:15:57.520 --> 0:16:01.280 now so much front and center in China Taiwan relations. 0:16:01.720 --> 0:16:04.200 Now we only have about thirty seconds here. What is 0:16:04.240 --> 0:16:07.160 the main thing that stands out to you about former 0:16:07.200 --> 0:16:08.120 President Jimmy Carter. 0:16:09.040 --> 0:16:12.600 Well, look, this is a very good and decent man. Firstly, 0:16:12.720 --> 0:16:16.560 and not as an aside, it is he is a 0:16:16.640 --> 0:16:19.720 remarkable man in many reasons. You know, this is a 0:16:19.760 --> 0:16:23.120 person who wanted to live a useful life and did 0:16:23.960 --> 0:16:28.400 beyond that. His very maverick status within the Democratic Party 0:16:28.400 --> 0:16:30.880 I think really helped doom him do a one term status. 0:16:33.160 --> 0:16:36.560 This is Bloomberg Daybreak, your morning podcast on the stories 0:16:36.640 --> 0:16:39.680 making news from Wall Street to Washington and beyond. 0:16:40.040 --> 0:16:42.400 Look for us on your podcast feed by six am 0:16:42.480 --> 0:16:46.560 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:46.880 --> 0:16:49.760 You can also listen live each morning starting at five 0:16:49.800 --> 0:16:52.400 am Wall Street Time on Bloomberg eleven three to zero 0:16:52.520 --> 0:16:55.400 in New York, Bloomberg ninety nine to one in Washington, 0:16:55.480 --> 0:16:59.440 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:59.600 --> 0:17:01.160 XM one twenty one. 0:17:01.480 --> 0:17:04.400 Plus listen coast to coast on the Bloomberg Business app 0:17:04.440 --> 0:17:07.600 now with Apple CarPlay and Android auto interfaces. 0:17:07.760 --> 0:17:10.800 And don't forget to subscribe to Bloomberg News Now. It's 0:17:10.800 --> 0:17:13.520 the latest news whenever you want it in five minutes 0:17:13.640 --> 0:17:16.760 or less. Search Bloomberg News Now on your favorite podcast 0:17:16.800 --> 0:17:18.960 platform to stay informed all day long. 0:17:19.320 --> 0:17:21.720 I'm Karen Moscow and I'm Amy Morris. 0:17:21.800 --> 0:17:24.280 Join us again tomorrow morning for all the news you 0:17:24.320 --> 0:17:27.320 need to start your day right here on Bloomberg Daybreak