Macron Begins Search for New French Premier; Bitcoin Tops $100,000

Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan 0:00:10.840 --> 0:00:13.800 Hager and I'm Karen Moscow. Here are the stories we're 0:00:13.840 --> 0:00:14.640 following today. 0:00:14.800 --> 0:00:17.919 Karen, we begin with the political crisis in France. President 0:00:17.920 --> 0:00:21.000 Emanuel macrom is searching for a new prime minister. That's 0:00:21.040 --> 0:00:23.439 after the far right joined forces with the left on 0:00:23.480 --> 0:00:26.600 a no confidence motion against Michelle Barnier in a dispute 0:00:26.640 --> 0:00:29.760 over the budget. Bloomberg's Crity Gupta has more from Paris. 0:00:30.120 --> 0:00:34.440 This is uncharted territory. This has never happened in modern history. 0:00:34.479 --> 0:00:36.440 Really that we need to go to not only a 0:00:36.479 --> 0:00:39.680 caretaker prime minister, but one that can't actually pass a 0:00:39.760 --> 0:00:43.360 budget through. So they're going to do a French constitutional 0:00:43.400 --> 0:00:46.519 thing called the Luis Pasial. It basically is an amendment 0:00:46.560 --> 0:00:49.640 to the constitution brought into two thousand and one that says, 0:00:50.120 --> 0:00:52.760 just in case the Parliament can't come to some sort 0:00:52.800 --> 0:00:56.640 of agreement, which clearly they cannot, they will take over 0:00:56.760 --> 0:00:59.040 from the budget and from twenty twenty four and move 0:00:59.040 --> 0:01:02.720 it into twenty twenty. But there's some real hard economic 0:01:02.800 --> 0:01:04.240 effects when it comes to that. 0:01:04.440 --> 0:01:07.440 Bloomberg's Pretty Gupta says, the French finance minister has warned 0:01:07.440 --> 0:01:11.600 stopgap legislation will mean higher taxes and blocked spending increases 0:01:11.600 --> 0:01:15.120 for priorities like security and farming. President Macron plans to 0:01:15.160 --> 0:01:17.840 address the nation at eight o'clock tonight in Paris, that 0:01:17.959 --> 0:01:19.639 is two pm Wall Street time. 0:01:20.040 --> 0:01:23.920 Meanwhile, Nathan, a political crisis continues to unfold in South Korea. 0:01:24.120 --> 0:01:28.280 President yunsecule is facing an impeachment motion from the opposition 0:01:28.360 --> 0:01:31.920 Democratic Party in five others after he briefly declared martial 0:01:32.000 --> 0:01:35.520 law this week, but Democratic leader Lee JM Young says 0:01:35.600 --> 0:01:37.959 getting rid of President Yun could be difficult. 0:01:39.840 --> 0:01:44.160 Ultimately, politics is done by the people, and even if 0:01:44.200 --> 0:01:46.600 the result of the vote may go against the will 0:01:46.720 --> 0:01:50.680 the people the current situation, the vote result may change 0:01:50.720 --> 0:01:54.080 next time if individual members of the parliament are pressured 0:01:54.120 --> 0:01:57.639 heavily by public opinion. That's what I think. 0:01:58.200 --> 0:02:01.480 Opposition leader Lee Jan Young's to Bloomberg through an interpreter. 0:02:01.680 --> 0:02:04.280 His party holds a majority, but he needs at least 0:02:04.280 --> 0:02:07.200 eight votes from President Yuni's party to move the impeachment 0:02:07.280 --> 0:02:08.120 motion forward. 0:02:08.280 --> 0:02:10.160 Went back in New York, Hearin the search is still 0:02:10.160 --> 0:02:12.200 on for the gunman who killed the leader of one 0:02:12.200 --> 0:02:16.200 of the largest US health insurance companies on a Manhattan sidewalk. 0:02:16.440 --> 0:02:19.760 Bloomberg's John Tucker joins us with the very latest John and. 0:02:19.840 --> 0:02:22.320 Nathan, ABC News and The New York Post side police 0:02:22.320 --> 0:02:26.400 sources as saying bullet cases casing's recovered at the scene 0:02:26.440 --> 0:02:29.799 have writing on them, including the words denied, defend, and depose. 0:02:30.480 --> 0:02:33.519 There's nothing random about this attack. Police, A United Health 0:02:33.520 --> 0:02:37.160 Group executive Brian Thompson was targeted and the shooting was 0:02:37.160 --> 0:02:40.200 planned ahead of time. Chief of Detectives Joe Kennedy. 0:02:40.200 --> 0:02:42.720 To shoot his steps onto the sidewalk from behind the car. 0:02:43.200 --> 0:02:47.400 He ignoorles numerous on the pedestrians, approaches the victim from behind, 0:02:47.480 --> 0:02:49.720 and shoots him in the back to shoot it. Then 0:02:49.720 --> 0:02:51.760 walks toward the victim and continues to shoot. 0:02:51.960 --> 0:02:54.840 Surveillance video shows the shooter using a handgun with what 0:02:54.919 --> 0:02:58.079 appears to be a silencer. At one point, the gun jams, 0:02:58.120 --> 0:03:00.840 but without missing a beat, he clear's the barrel and 0:03:00.840 --> 0:03:03.920 fires again. He then runs through an alley, jumps on 0:03:03.960 --> 0:03:06.919 an e bike, and flees into Central Park. The best 0:03:06.919 --> 0:03:09.919 image is actually from the nearby Starbucks, where the government 0:03:09.960 --> 0:03:13.160 discarded a bottle and two energy bar wrappers. The police 0:03:13.240 --> 0:03:15.480 also recovered what might be a cell phone. 0:03:15.720 --> 0:03:15.840 Well. 0:03:15.919 --> 0:03:19.880 Thompson's widow tells NBC News her husband had received threats. 0:03:20.400 --> 0:03:23.120 United Health ranks highest when it comes to the percentage 0:03:23.160 --> 0:03:27.080 of claims denied, nearly twice the industry average. You know, York, 0:03:27.120 --> 0:03:28.640 I'm John Tucker, Bloomberg Radio. 0:03:29.040 --> 0:03:30.160 All right, John, thank you. 0:03:30.240 --> 0:03:30.360 Well. 0:03:30.400 --> 0:03:34.239 Another major story that we're following this morning. Bitcoin, it's 0:03:34.280 --> 0:03:37.800 finally done. It it topped the one hundred thousand dollars level. 0:03:38.040 --> 0:03:40.480 It was fueled in park by President elect Donald Trump 0:03:40.520 --> 0:03:42.680 picking a crypto proponent to be the next head of 0:03:42.720 --> 0:03:46.360 the Securities and Exchange Commission. Trump selected Paul Atkins to 0:03:46.400 --> 0:03:50.440 replace outgoing SEC chair Gary Gensler. Nathan Dean, the senior 0:03:50.480 --> 0:03:55.440 policy analyst at Bloomberg Intelligence, says Atkins will bring significant change. 0:03:55.720 --> 0:03:57.960 This is the first time that they've really had somebody 0:03:58.000 --> 0:04:00.680 in the regulatory repertoire, if you will, that's going to 0:04:00.680 --> 0:04:02.440 be thinking of the crypto world. And so, you know, 0:04:02.920 --> 0:04:04.920 Commissioner Ackins, because he used to be a commissioner at 0:04:04.920 --> 0:04:07.040 the SEC. You know, he has actually come out and 0:04:07.040 --> 0:04:08.680 he has done a lot of work in the crypto space. 0:04:09.400 --> 0:04:12.360 And Bloomberg Intelligence is Nathan Dean says the crypto market 0:04:12.440 --> 0:04:15.400 is jumped by roughly one point three trillion dollars in 0:04:15.480 --> 0:04:19.440 Strump's election victory. Right now, bitcoin trading at one hundred 0:04:19.480 --> 0:04:21.520 two thousand, six hundred dollars well. 0:04:21.600 --> 0:04:24.520 Karen Trump's pick for Defense Secretary is fighting to hold 0:04:24.560 --> 0:04:28.360 onto his cabinet nomination. Pete haig Seth met with legislators 0:04:28.360 --> 0:04:31.560 on Capitol Hill, conducted a radio interview, and released an 0:04:31.600 --> 0:04:35.520 opinion article denying allegations of sexual assault and excessive drinking. 0:04:35.800 --> 0:04:38.599 Hag Seth also spoke to reporters on Capitol Hill and 0:04:38.680 --> 0:04:40.359 indicated he will keep fighting. 0:04:40.640 --> 0:04:43.279 I spoke to his bresident like Lison morning. He said, 0:04:43.400 --> 0:04:44.400 keep going, keep fighting. 0:04:44.560 --> 0:04:47.040 Final way here in this all. 0:04:46.960 --> 0:04:48.680 Play, Why would I back down? 0:04:48.720 --> 0:04:49.560 I'm always gonna fight. 0:04:49.600 --> 0:04:52.800 He Pete hegg Seth's margin for confirmation is narrow. He 0:04:52.839 --> 0:04:55.560 can lose no more than three Republicans on a Senate 0:04:55.600 --> 0:04:58.640 confirmation vote, assuming Democrats unite against him. 0:04:59.200 --> 0:05:02.440 Meanwhile, Nathan von Musk is heading to the Capital later 0:05:02.520 --> 0:05:05.920 today to stow Congressional enthusiasm for his effort to slash 0:05:05.920 --> 0:05:08.880 at least two trillion dollars from the federal budget. Musk 0:05:08.920 --> 0:05:12.440 and his partner in the initiative. Former Republican presidential candidate 0:05:12.480 --> 0:05:16.200 Vivek Ramaswami planned to meet with groups of lawmakers. Musk, 0:05:16.279 --> 0:05:20.039 the world's richest person, has relentlessly promoted what he styled 0:05:20.080 --> 0:05:23.760 is the Department of Government Efficiency or DOGE, a reference 0:05:23.800 --> 0:05:27.320 to cryptocurrency doge Coin that he periodically promotes. 0:05:27.600 --> 0:05:30.640 Well Karen the world's second ridgest person. Amazon founder Jeff 0:05:30.680 --> 0:05:34.800 Bezos says he is optimistic about President elect Trump's second term, 0:05:34.839 --> 0:05:39.000 and he's expressing some excitement about potential regulatory cutbacks. More 0:05:39.040 --> 0:05:40.640 on that from Bloomberg's Charlie Pellett. 0:05:40.800 --> 0:05:43.839 His remarks came during a wide ranging interview at the 0:05:43.880 --> 0:05:46.920 New York Times Deal Book Summit in New York. He said, quote, 0:05:47.000 --> 0:05:49.839 I'm actually very optimistic this time around. 0:05:50.000 --> 0:05:51.839 I'm very hopeful about this. 0:05:54.320 --> 0:05:57.200 He seems to have a lot of energy around reducing regulation, 0:05:58.040 --> 0:06:00.160 and my point of view, if I can help help 0:06:00.160 --> 0:06:01.560 them do that, I'm going to help him. 0:06:01.600 --> 0:06:05.120 The comments follow in October decision by Bezos two prohibit 0:06:05.160 --> 0:06:09.160 The Washington Post, which he owns, from endorsing a presidential candidate, 0:06:09.440 --> 0:06:12.240 a move that led to tens of thousands of people 0:06:12.560 --> 0:06:17.159 canceling their subscriptions in New York Charlie Bloomberg Radio. 0:06:17.200 --> 0:06:19.200 All right, Charlie, thank you well. Bezos is not the 0:06:19.200 --> 0:06:22.520 only executive who's positive on the next Strun presidency. A 0:06:22.560 --> 0:06:26.440 new poem by the Association of International Certified Professional Accountants 0:06:26.720 --> 0:06:30.320 finds two thirds of business executives say they're confident about 0:06:30.320 --> 0:06:33.080 the economic outlook for the year ahead. That's up from 0:06:33.120 --> 0:06:35.680 twenty six percent in a survey conducted in August and 0:06:35.720 --> 0:06:37.440 forty three percent a year earlier. 0:06:37.680 --> 0:06:40.800 Turn the markets now, Karen stocks enter today's session at 0:06:40.880 --> 0:06:44.120 all time hies once again. A rally in big tech 0:06:44.160 --> 0:06:46.400 drove the S and P five hundred to its fifty 0:06:46.520 --> 0:06:49.640 sixth closing record of twenty twenty four. The gains were 0:06:49.640 --> 0:06:52.719 fueled by positive comments on the economy from FED chair 0:06:52.839 --> 0:06:53.600 J Powell. 0:06:53.839 --> 0:06:56.360 The economy is strong, and it's stronger than we thought 0:06:56.440 --> 0:06:58.680 it was going to be in September. So the labor 0:06:58.680 --> 0:07:02.000 market is better and the downside risks appear. 0:07:01.760 --> 0:07:02.159 To be less. 0:07:02.160 --> 0:07:05.520 In a labor market growth is definitely stronger than we thought. 0:07:06.000 --> 0:07:08.320 J Pal spoke at the New York Times Deal Book Summit. 0:07:08.360 --> 0:07:10.960 The Fed makes its final rate decision of twenty twenty 0:07:11.000 --> 0:07:12.920 four on December eighteenth. 0:07:13.000 --> 0:07:16.040 I mean while Nathan Saint Louis FED President Alberto Musilum 0:07:16.040 --> 0:07:19.240 says it may be appropriate to pause interest rate cuts 0:07:19.280 --> 0:07:22.440 at the next meeting. However, he says incoming data will 0:07:22.480 --> 0:07:23.400 guide his decision. 0:07:23.720 --> 0:07:27.120 I'm keeping all my options open. There's more data coming. 0:07:27.680 --> 0:07:28.120 We have. 0:07:29.880 --> 0:07:35.400 CPIPPI Unemployment Retail Sales PMI. There's a lot of data 0:07:35.400 --> 0:07:38.440 coming between now and the summer meeting. So I'm going 0:07:38.520 --> 0:07:40.720 to wait till I see that data, until i can 0:07:41.480 --> 0:07:43.600 be assured in which way I'm leaning. 0:07:43.920 --> 0:07:47.240 St. Louis FED President Alberto Musilum also reiterated that the 0:07:47.280 --> 0:07:50.480 FED is close to achieving its goals for employment and 0:07:50.600 --> 0:07:53.840 price stability. Give made the comments at the Bloomberg and 0:07:53.880 --> 0:08:00.720 Global Interdependence Center symposium in New York. As time Now 0:08:00.760 --> 0:08:02.240 for a look at some of the other stories making 0:08:02.280 --> 0:08:04.120 news in New York and around the world. For that, 0:08:04.120 --> 0:08:06.560 we're joined by Bloomberg's Michael Barr Michael Good. 0:08:06.480 --> 0:08:09.440 Morning, Good Morning, Care and hundreds gathered at the Supreme 0:08:09.480 --> 0:08:12.680 Court as the justices heard arguments in a case that 0:08:12.760 --> 0:08:18.080 could determine access to healthcare for transgender teens. Opponents say 0:08:18.160 --> 0:08:22.320 a Tennessee law banning gender affirming care such as hormone 0:08:22.360 --> 0:08:27.160 therapy and puberty blockers for transgender miners discriminates on the 0:08:27.160 --> 0:08:31.600 basis of sex who can receive certain medical treatments. GLAD 0:08:31.680 --> 0:08:36.120 President and CEO Sarah Kdellis pushes back on an argument 0:08:36.160 --> 0:08:39.760 that transgender care for teens is optional and says it 0:08:39.840 --> 0:08:41.840 shouldn't be a luxury to access. 0:08:42.360 --> 0:08:46.360 There are things that are different and not necessary. This 0:08:46.440 --> 0:08:51.160 is life saving medicine. We're talking about not treating people 0:08:51.160 --> 0:08:54.880 for diabetes, if their youth if what are we talking about. 0:08:55.360 --> 0:08:58.439 We can't compare that to smoking cigarettes. 0:08:59.000 --> 0:09:03.040 However, the court's conservative majority seemed inclined to leave the 0:09:03.080 --> 0:09:05.679 decision up to the states. The man is now in 0:09:05.800 --> 0:09:08.679 twenty six states. A decision from the Court is expected 0:09:08.720 --> 0:09:12.240 in June. The Department of Justice says the Memphis Police 0:09:12.240 --> 0:09:17.520 Department uses excessive force and discriminates against black people. It's 0:09:17.600 --> 0:09:20.880 part of a DOJ investigation launched after the beating death 0:09:21.200 --> 0:09:24.680 of Tyree Nichols after a traffic stop in twenty twenty three. 0:09:25.200 --> 0:09:28.760 A report marked the conclusion of the investigation that began 0:09:28.880 --> 0:09:32.880 six months after Nichols was kicked, punched, and hit with 0:09:32.920 --> 0:09:36.439 a police baton. As five officers tried to arrest him 0:09:36.640 --> 0:09:39.960 after he fled a traffic stop. Florida residents in a 0:09:40.000 --> 0:09:44.679 mobile home community and Nunedin have been living without power 0:09:45.200 --> 0:09:49.880 for almost three months, ever since Hurricane Helene hit. This 0:09:49.960 --> 0:09:51.520 man says he's fed up with the wait. 0:09:51.880 --> 0:09:55.920 We've been in this park since nineteen ninety eight and 0:09:55.960 --> 0:09:58.400 we've never seen anything even. 0:09:58.160 --> 0:10:01.000 Close to this duke energy as they are working with 0:10:01.160 --> 0:10:04.679 property owners to come up with a solution. Finally, crowds 0:10:04.720 --> 0:10:07.360 gathered in New York City to see the Rockefeller Center 0:10:07.440 --> 0:10:11.120 Christmas Tree lit up for the season last night. This 0:10:11.200 --> 0:10:14.560 woman says the ceremony marks an annual milestone, the. 0:10:14.440 --> 0:10:16.800 Start of a new season, the start of the holiday season, 0:10:17.040 --> 0:10:18.840 and to be able to do it with the friend 0:10:18.880 --> 0:10:19.559 is really special. 0:10:19.920 --> 0:10:23.800 The tree is a Norway spruce that's seventy four feet 0:10:23.880 --> 0:10:27.440 tall and forty three feet wide. Global news twenty four 0:10:27.440 --> 0:10:30.400 hours a day and whenever you want it with Bloomberg News. 0:10:30.440 --> 0:10:30.600 Now. 0:10:30.720 --> 0:10:32.800 I'm Michael Barr, and this is Bloomberg Caroen. 0:10:33.200 --> 0:10:39.640 All right, Michael Barr, thank you time now for the 0:10:39.640 --> 0:10:42.800 Bloomberg Sports Up Day, brought to you by Tri State. Audie. 0:10:42.840 --> 0:10:44.000 Here's John stash Hour. 0:10:44.080 --> 0:10:47.120 John Good morning, Good morning, Karen. Busy night in college basketball, 0:10:47.160 --> 0:10:51.440 including the completion of the two night long sec ACC Challenge. 0:10:51.480 --> 0:10:54.880 The SEC known more for football Historically, the ACCED has 0:10:54.920 --> 0:10:57.280 been the best in hoops, but the two leagues just 0:10:57.280 --> 0:11:01.600 played sixteen games and the SEC he won fourteen of them. Strangely, 0:11:01.600 --> 0:11:04.800 the two SEC losses were by fourth rank Kentucky and 0:11:05.000 --> 0:11:08.440 second ranked auburb Last night lost at Duke eighty four 0:11:08.440 --> 0:11:10.440 to seventy eight. Also the start of the Big East 0:11:10.640 --> 0:11:14.000 playing the Big Twelve, Creighton knocked off top rank Kansas 0:11:14.280 --> 0:11:17.240 seventy six sixty three. Saint John's will play Kansas State 0:11:17.280 --> 0:11:20.600 from the Big Twelve Saturday afternoon at KNA SECA Arena. 0:11:20.600 --> 0:11:22.240 It'll be the first game for the Red Storm since 0:11:22.280 --> 0:11:25.640 the passing of the legendary Hall of Famer Louis Conoseca. 0:11:25.720 --> 0:11:27.920 Last weekend in Brooklyn, Net's got twenty six points from 0:11:27.960 --> 0:11:31.280 Cam Johnson beat the Pacers ninety nine to ninety at 0:11:31.280 --> 0:11:33.600 the Garden. Tonight it's the Knicks and Charlotte should be 0:11:33.600 --> 0:11:36.640 a good one Tonight in Detroit, Lions and Packers, the 0:11:36.679 --> 0:11:39.720 Lions having lost in almost three months and Green Bay's 0:11:39.720 --> 0:11:42.600 only lost the past two months was against Detroit. The 0:11:42.640 --> 0:11:45.319 Giants played three games with three different starting quarterbacks. The 0:11:45.400 --> 0:11:48.040 question for Sunday's home game with New Orleans would it 0:11:48.120 --> 0:11:51.240 be Tommy DeVito or Drew Locke. It'll be Locke, who 0:11:51.280 --> 0:11:53.360 much prefers playing to city. 0:11:53.559 --> 0:11:57.760 Sideline watching a game compared to being right behind the center, 0:11:58.600 --> 0:12:01.840 two completely different deals. It looks fast from the sideline, 0:12:01.880 --> 0:12:03.880 but then when you get out there and you know 0:12:03.960 --> 0:12:05.440 the plan, you know what you're doing, you know your 0:12:05.440 --> 0:12:08.840 guys around you, it does sort, you know, kind of 0:12:08.880 --> 0:12:12.960 sort of slow down and you become flashbacks to high school. 0:12:12.679 --> 0:12:14.920 And college and lap played in the Thanksgiving Day loss 0:12:14.920 --> 0:12:16.680 in Dallas when de Vedo sat out with the sore 0:12:16.800 --> 0:12:19.680 arm that has not yet fully healed. John stashedwar. Bloomberg 0:12:19.720 --> 0:12:21.000 Sports Garen Nathan. 0:12:22.720 --> 0:12:26.880 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:12:26.960 --> 0:12:29.840 and around the world on Bloomberg dot Com and the 0:12:29.880 --> 0:12:31.120 Bloomberg Business app. 0:12:31.360 --> 0:12:34.640 This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. 0:12:34.679 --> 0:12:37.840 French President Emmanuel mccron finds himself searching for a new 0:12:37.880 --> 0:12:41.520 prime minister for the second time this year. Whoever he chooses, though, 0:12:41.559 --> 0:12:44.800 will face the same budget issues that sank Michel Barnier 0:12:44.960 --> 0:12:47.920 in a no confidence vote, making him the shortest lasting 0:12:47.960 --> 0:12:51.400 prime minister since France's Fifth Republic was founded in nineteen 0:12:51.480 --> 0:12:54.560 fifty eight. Joining us for more from Paris is Bloomberg Daybreak, 0:12:54.559 --> 0:12:57.120 Europe Banker Stephen Carroll, Stephen, good morning. 0:12:57.160 --> 0:12:59.559 What happens now morning? 0:12:59.640 --> 0:13:02.920 Nathan Michel Barnier has left the Elise Palace after spending 0:13:02.960 --> 0:13:06.239 an hour with Emmanual Macron officially to present his resignational 0:13:06.280 --> 0:13:09.640 that we don't have the confirmation that that's actually happened yet. 0:13:09.800 --> 0:13:11.320 He may have been asked to stay on as a 0:13:11.360 --> 0:13:15.200 caretaker prime minister to keep things going, keep the lights on, 0:13:15.320 --> 0:13:17.920 essentially until a new prime minister is found. That would 0:13:17.960 --> 0:13:20.440 be the custom. But we're waiting for the official announcement 0:13:20.480 --> 0:13:23.480 from the Elise Palace that that is what's going to happen. 0:13:23.520 --> 0:13:26.120 Emmanuel Macron, for his part, as a series of meetings 0:13:26.160 --> 0:13:28.680 with the President of the Lower and upper houses of 0:13:28.720 --> 0:13:31.400 Parliament here later, presumably to discuss who he wants to 0:13:31.440 --> 0:13:34.480 try and install as prime minister. Then we're going to 0:13:34.520 --> 0:13:36.480 hear from the French President. He's making an address to 0:13:36.480 --> 0:13:39.040 the nation at eight pm No details about what he's 0:13:39.080 --> 0:13:40.960 got to say. Could it be an announcement of a 0:13:40.960 --> 0:13:43.520 prime minister Emmanual Macron likes to surprise us. 0:13:43.880 --> 0:13:46.559 Yeah, certainly does I mean who could be waiting in 0:13:46.600 --> 0:13:47.760 the wings here, Steven? 0:13:47.800 --> 0:13:49.240 Who wants this job? 0:13:50.840 --> 0:13:53.160 Look, it's a very difficult job to do, and Michel 0:13:53.200 --> 0:13:56.720 Barnier came into it as a reputed negotiator from being 0:13:56.720 --> 0:14:00.000 the EU's chief Brexit negotiator. So anyone filling those shoes 0:14:00.440 --> 0:14:02.680 is going to need to have a similar skill set. 0:14:02.760 --> 0:14:05.000 The key thing here is that can a new prime 0:14:05.000 --> 0:14:09.520 minister bring together a larger coalition in the National Assembly 0:14:09.600 --> 0:14:12.480 to try and give some power to this administration to 0:14:12.520 --> 0:14:15.240 allow them to, for example, pass a budget, which they 0:14:15.240 --> 0:14:17.839 haven't managed to do yet. So a couple of names 0:14:17.840 --> 0:14:20.880 in the fray are those from the center left Socialist Party. 0:14:20.920 --> 0:14:23.160 They're the most obvious target, and we've heard a lot 0:14:23.200 --> 0:14:28.320 of Macron supporters mention them as sort of potential partners 0:14:28.440 --> 0:14:32.000 in a new coalition. So there's people like bel Narkaznov, 0:14:32.000 --> 0:14:35.280 who's a former Socialist Prime minister, Segole Royal who ran 0:14:35.320 --> 0:14:37.680 for the presidency in two thousand and seven. She said 0:14:37.920 --> 0:14:41.080 she's available if Mamanuel Macron wants to call her. That 0:14:41.120 --> 0:14:43.160 doesn't seem very likely, but it's good that she's putting 0:14:43.160 --> 0:14:45.880 herself forward. I suppose a couple of other names include 0:14:45.880 --> 0:14:49.840 the current Defense minister stef Sebastianda Calneu. He is somebody 0:14:49.840 --> 0:14:51.600 that's been talked about too, and then there are other 0:14:51.640 --> 0:14:54.320 figures from the center. But the real key issue is 0:14:54.320 --> 0:14:57.120 is that who can be picked that can bring in 0:14:57.560 --> 0:15:00.360 the support that Emmanuel Macron needs to be able to 0:15:00.440 --> 0:15:04.000 govern effectively because as we are now, pretty much nothing 0:15:04.040 --> 0:15:06.080 can get done in the French Parliament. 0:15:06.280 --> 0:15:08.800 Well, we've seen at least a temporary coalition formed with 0:15:08.880 --> 0:15:11.240 the far right National Rally joining with the left wing 0:15:11.320 --> 0:15:14.120 coalition on this no confidence motion. What does that say 0:15:14.160 --> 0:15:17.760 about where Marien Lapenez stands the leader of the National Rally. 0:15:19.000 --> 0:15:22.520 I mean, look, her political star is rising, certainly, but 0:15:22.600 --> 0:15:25.200 she doesn't have much more influence to be able to 0:15:25.240 --> 0:15:28.040 exert for now. She said she hasn't called directly on 0:15:28.080 --> 0:15:31.320 Emmanuel Macron to resign. She says that that's his decision, 0:15:31.400 --> 0:15:33.880 but that's the opening that she's hoping for. Of course, 0:15:33.880 --> 0:15:36.840 she came second to the last two presidential elections. She 0:15:36.880 --> 0:15:39.360 would be leading in the polls, although you can't necessarily 0:15:39.360 --> 0:15:42.040 map that onto the way the two round presidential system 0:15:42.560 --> 0:15:46.320 works here. And she's also keeping in mind the fact 0:15:46.400 --> 0:15:50.320 that she has a trial verdict due in March of 0:15:50.440 --> 0:15:53.480 next year, which could, if she were found guilty in 0:15:53.560 --> 0:15:56.400 this trial of embezzlement of EU funds, lead to her 0:15:56.440 --> 0:15:59.400 being barred from running from public office for five years. 0:15:59.400 --> 0:16:02.680 That's what the Keuters want, That's something that could potentially 0:16:02.680 --> 0:16:04.360 be in the back of Marie Le Penn's mind, So 0:16:04.560 --> 0:16:07.000 an early presidential election would suit her. But of course 0:16:07.040 --> 0:16:09.560 Emmanuel Macron very much aware of those facts as well. 0:16:09.600 --> 0:16:12.040 He doesn't have to go anywhere his position is safe 0:16:12.120 --> 0:16:14.280 if he wants to stay there until twenty twenty seven. 0:16:14.560 --> 0:16:17.960 This is Bloomberg Daybreak, your morning podcast on the stories 0:16:18.040 --> 0:16:21.080 making news from Wall Street to Washington and beyond. 0:16:21.320 --> 0:16:23.680 Look for us on your podcast feed by six am 0:16:23.760 --> 0:16:27.200 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:27.360 --> 0:16:30.240 You can also listen live each morning starting at five 0:16:30.280 --> 0:16:33.000 am Wall Street time on Bloomberg eleven three to zero 0:16:33.000 --> 0:16:35.280 in New York, Bloomberg in ninety nine to one In 0:16:35.440 --> 0:16:39.160 Washington Bloomberg ninety two to nine in Boston and nationwide 0:16:39.200 --> 0:16:41.680 on serious XM Channel one twenty one. 0:16:42.040 --> 0:16:44.800 Plus listen coast to coast on the Bloomberg Business App 0:16:44.840 --> 0:16:47.640 now with Apple CarPlay and Android Atto interfaces. 0:16:47.880 --> 0:16:50.560 And don't forget to subscribe to Bloomberg and News Now. 0:16:50.720 --> 0:16:53.280 It's the latest news whenever you want it in five 0:16:53.320 --> 0:16:56.360 minutes or less. Search Bloomberg News Now on your favorite 0:16:56.360 --> 0:17:01.000 podcast platform to stay informed all day long. I'm Karen Moscow. 0:17:00.840 --> 0:17:03.360 And I'm Nathan Hager. Join us again tomorrow morning for 0:17:03.400 --> 0:17:05.320 all the news you need to start your day right 0:17:05.359 --> 0:17:06.840 here on Bloomberg Debray