Congress Meets to Certify Trump's Victory; NYC Congestion Pricing Begins

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:10.240 --> 0:00:13.440 Good morning, I'm Nathan Hager and I'm Karen Moscow. Here 0:00:13.440 --> 0:00:15.160 are the stories we're following today. 0:00:15.360 --> 0:00:17.640 Karen, we begin with the latest from Washington, d C. 0:00:17.800 --> 0:00:20.439 Where Congress is set to meet on a snowy Capitol 0:00:20.520 --> 0:00:24.759 Hill today to certify President elect Donald Trump's win in November. 0:00:25.040 --> 0:00:28.280 President Biden invited a group of new Democratic lawmakers to 0:00:28.320 --> 0:00:31.080 the White House last night and urged them to commit 0:00:31.160 --> 0:00:32.720 to a peaceful transfer of power. 0:00:33.200 --> 0:00:36.280 Now it's your duty to tell the truth. Remember what happened, 0:00:36.320 --> 0:00:40.400 and I'll let January sixth be rewritten as or even erased. 0:00:41.400 --> 0:00:44.200 The riot at the Capitol on January sixth, four years 0:00:44.200 --> 0:00:47.640 ago has turned into a political flashpoint, and President elect 0:00:47.640 --> 0:00:50.640 Trump is widely expected to grant swift clemency to the 0:00:50.760 --> 0:00:53.560 thousand plus people convicted over the events of that day. 0:00:53.880 --> 0:00:56.080 We get that story from Bloomberg's Doug Prisner. 0:00:56.480 --> 0:00:59.520 The President elect has downplayed the severity of the attack 0:00:59.640 --> 0:01:03.560 and announced its prosecutions, and he's expected to fulfill his 0:01:03.680 --> 0:01:07.080 promises of swift clemency for the one thousand plus people 0:01:07.120 --> 0:01:10.760 convicted and the hundreds more with pending cases. The question 0:01:10.959 --> 0:01:13.600 is how such a move would impact democracy and the 0:01:13.680 --> 0:01:16.520 rule of law. Mass pardons would also set the tone 0:01:16.560 --> 0:01:20.120 for how Trump might wield the presidency to reward loyalist 0:01:20.200 --> 0:01:24.640 and critics fear punish opponents. This year's January sixth election 0:01:24.760 --> 0:01:29.000 certification has for the first time been designated a National 0:01:29.080 --> 0:01:33.240 Special Security event. In New York. I'm Doug Prisner, Bloomberg. 0:01:32.840 --> 0:01:35.520 Radio, all right, dog, thank you, while looking to our 0:01:35.720 --> 0:01:39.520 neighbors to the north. Canada's Prime Minister Justin Trudeau is 0:01:39.560 --> 0:01:42.679 said to be preparing to announce his resignation. The Globe 0:01:42.680 --> 0:01:45.639 and Mail newspaper says the announcement could come as early 0:01:45.680 --> 0:01:49.080 as today. It would trigger a race for the party leadership, 0:01:49.120 --> 0:01:52.360 with the winner becoming PM. Trudeau has been under pressure 0:01:52.400 --> 0:01:55.640 from lawmakers in his party to quit for months. Scrutiny 0:01:55.640 --> 0:01:59.480 grew last month after his Finance minister, Christia Freeland quit. 0:02:00.080 --> 0:02:04.600 And politics around the Globe Karen, South Korea's corruption watchdog 0:02:04.680 --> 0:02:07.480 has asked a court in Seoul to extend a warrant 0:02:07.480 --> 0:02:10.600 to arrest President yunsuk yol. The move comes after their 0:02:10.600 --> 0:02:13.799 first attempt last week ended in failure following an hour's 0:02:13.880 --> 0:02:16.960 long standoff with the UN's security team. Secretary of State 0:02:16.960 --> 0:02:20.040 Anthony Blincoln is in Seoul. He expressed confidence in South 0:02:20.080 --> 0:02:20.960 Korea's acting. 0:02:21.080 --> 0:02:23.760 Later, We've got serious concerns about some of the actions 0:02:23.800 --> 0:02:28.760 that President unon took. We communicated those directly to the government. 0:02:29.520 --> 0:02:33.200 At the same time, we have tremendous confidence in the 0:02:33.240 --> 0:02:36.080 resilience of South Korea's democracy. 0:02:36.280 --> 0:02:39.120 And while Secretary of State Anthony Blincoln's in Seoul, North 0:02:39.200 --> 0:02:43.639 Korea fired an intermediate range ballistic missile toward its eastern waters. 0:02:44.840 --> 0:02:47.440 Well, Nathan, back here in the US, it's the first 0:02:47.440 --> 0:02:50.600 full work day with the New York City congestion pricing 0:02:50.639 --> 0:02:53.480 program in effect. Dim we get this story with Bloomberg's 0:02:53.560 --> 0:02:56.119 John Tucker and John it's something of a first Yeah. 0:02:56.240 --> 0:02:58.320 In fact, this was the first such program in the 0:02:58.400 --> 0:03:02.400 United States. Karen Morales lives north of New York and 0:03:02.440 --> 0:03:05.399 she's the main caregiver for her aging father who lives 0:03:05.440 --> 0:03:09.200 in Lower Manhattan, and her reaction is typical among drivers. 0:03:09.480 --> 0:03:12.520 She calls the toll and abuse of the working class 0:03:12.919 --> 0:03:14.440 to try to. 0:03:14.560 --> 0:03:16.160 Make more payments. 0:03:16.280 --> 0:03:19.200 Just to do that, I think it's hard for middle 0:03:19.200 --> 0:03:19.919 class person. 0:03:20.520 --> 0:03:23.440 Jenno Lieber, the head of the MTA, would rather focus 0:03:23.440 --> 0:03:24.200 on the benefits. 0:03:24.600 --> 0:03:26.560 The good news for the. 0:03:26.440 --> 0:03:29.680 Core function of fire and EMS is one of the 0:03:29.720 --> 0:03:32.920 principal goals is to make response. 0:03:32.480 --> 0:03:34.359 Times faster, and that's especially. 0:03:34.080 --> 0:03:38.160 Important for EMS fourteen hundred cameras and easy Pass detectors 0:03:38.160 --> 0:03:41.520 who are switched on Sunday to catch every vehicle traveling 0:03:41.600 --> 0:03:44.240 south of sixtieth Street and to hit them with a 0:03:44.280 --> 0:03:47.160 new nine dollars toll during peak travel times. This is 0:03:47.200 --> 0:03:49.520 all part of the plan to bring fifteen billion dollars 0:03:49.560 --> 0:03:53.080 to the MTA to upgrade subways and mass transit. The 0:03:53.200 --> 0:03:55.720 goal is to coax more people to use mass transit 0:03:55.800 --> 0:03:59.800 and encourage trucks to make deliveries overnight. One hurdle is 0:03:59.840 --> 0:04:02.920 that some residents still feel safe on the subways. The 0:04:03.000 --> 0:04:05.280 fatal burning last month of a woman sitting in a 0:04:05.280 --> 0:04:08.400 subway car at Cody Onand shocked the city. There have 0:04:08.440 --> 0:04:11.680 been several stabbings and incidents of people pushing riders onto 0:04:11.760 --> 0:04:15.800 train tracks and looming large over congestion. Pricing is the 0:04:15.880 --> 0:04:19.640 change of administration at Washington. President elect Trump opposes it 0:04:20.040 --> 0:04:22.000 New York. I'm John Tucker Bloomberg Radio. 0:04:22.160 --> 0:04:24.400 Well, we turn to the markets now and futures are hire. 0:04:24.400 --> 0:04:26.440 As we kick off the first full trading week of 0:04:26.480 --> 0:04:28.600 the new year. This morning, the yield on the thirty 0:04:28.680 --> 0:04:31.520 year treasury climb to its highest level since November of 0:04:31.520 --> 0:04:35.840 twenty twenty three. Right now, futures again higher, SMP futures 0:04:35.920 --> 0:04:38.480 up four tenths of percent, down futures up a tenth 0:04:38.520 --> 0:04:41.320 of up percent, NASDAG futures up seven tenths of percent, 0:04:41.360 --> 0:04:43.640 and the thirty year yield four point eight three percent. 0:04:43.880 --> 0:04:46.000 And this first full trading week of the year, Karen 0:04:46.080 --> 0:04:48.680 is going to feature a jobs report, fed minutes and 0:04:48.720 --> 0:04:51.960 a smattering of earnings news. Let's get a preview from 0:04:52.000 --> 0:04:53.320 Bloomberg's Charlie Pellett. 0:04:53.640 --> 0:04:57.359 Magnificent seven. Profit growth this year is projected to slow 0:04:57.480 --> 0:05:01.600 to seventeen point nine percent, learnings increases for the rest 0:05:01.640 --> 0:05:04.280 of the s and P five hundred accelerate to ten 0:05:04.320 --> 0:05:08.560 point nine percent. Emily Rowland is co chief investment strategist 0:05:08.680 --> 0:05:10.240 at JH Investments. 0:05:10.400 --> 0:05:13.839 In order for earnes to see these double digit estimates 0:05:13.839 --> 0:05:16.080 that are being banked in right now, you probably need 0:05:16.120 --> 0:05:19.640 to see bondyields come down a bit. Here. You probably 0:05:19.680 --> 0:05:24.040 need to see that cost of borrowing again sort of 0:05:24.600 --> 0:05:26.000 become a little bit more mitigated. 0:05:26.040 --> 0:05:29.320 Here this week, we hear from Constellation Brands, Delta and 0:05:29.480 --> 0:05:32.839 Sam Song in New York. Charlie Pale, Bloomberg Radio. 0:05:33.120 --> 0:05:35.560 All right, Charlie, thank you well. In deal news, Bloomberg 0:05:35.839 --> 0:05:39.000 News has learned Paychecks As in advanced talks to acquire 0:05:39.080 --> 0:05:42.960 pay Corps, a smaller rival in payroll processing. The acquisition 0:05:43.000 --> 0:05:46.120 would bring together two major players in the human resources 0:05:46.160 --> 0:05:49.680 software and services market, allowing for cost cuts and bundled 0:05:49.720 --> 0:05:53.440 services for customers. Shares of pay Core they are arising 0:05:53.480 --> 0:05:57.599 in early trading. They are of almost nineteen They're of 0:05:57.640 --> 0:05:59.360 at least twelve percent in early trading. 0:06:00.080 --> 0:06:02.400 Turning to the economy now Karen, two FED officials say 0:06:02.400 --> 0:06:05.000 the central bank must finish its fight on inflation and 0:06:05.080 --> 0:06:08.440 reach the two percent target. At the American Economic Association, 0:06:08.600 --> 0:06:11.400 FED Governor Adriana Kugler said the economy is growing at 0:06:11.440 --> 0:06:13.920 a healthy pace, but everyone needs to keep their eye 0:06:13.920 --> 0:06:15.000 on the labor market. 0:06:15.160 --> 0:06:19.280 It has cooled but remain resilient. And it has remained resilient. 0:06:19.320 --> 0:06:22.800 We still see real wages growing at about one point 0:06:22.920 --> 0:06:26.200 five one point six percent, and at the same time, 0:06:26.960 --> 0:06:30.120 though the unemployment rate has been stepping up a bed. 0:06:30.640 --> 0:06:31.440 It's still at. 0:06:31.320 --> 0:06:35.560 Four point two percent, which is a historically low rate 0:06:35.760 --> 0:06:36.560 of unemployment. 0:06:36.720 --> 0:06:39.000 Adriana Kugler went on to say the FED is moving 0:06:39.000 --> 0:06:41.640 toward the two percent inflation target, but there is work 0:06:41.680 --> 0:06:45.159 that still needs to get done. Speaking separately, Mary Daily, 0:06:45.240 --> 0:06:49.279 head of the San Francisco FED, said inflation remains uncomfortably 0:06:49.279 --> 0:06:50.960 above the fed's target. 0:06:54.080 --> 0:06:55.440 As time. Now, we're look at some of the other 0:06:55.560 --> 0:06:57.839 stories making news in New York and around the world, 0:06:57.839 --> 0:07:00.400 and for that we're joined by Bloomberg's Michael bar Michael, 0:07:00.400 --> 0:07:01.240 good morning, Good. 0:07:01.120 --> 0:07:04.480 Morning, Karen. A major winter blast off snow, ice, high winds, 0:07:04.520 --> 0:07:08.400 and plunging temperatures. They're stirring up dangerous conditions across the 0:07:08.520 --> 0:07:11.280 US Central and Southern states all the way to the 0:07:11.320 --> 0:07:15.120 East Coast. Bloomberg Media religiust Rob Carolyn has the latest. 0:07:15.760 --> 0:07:18.280 A significant winter storm will be affecting areas from the 0:07:18.280 --> 0:07:21.160 Ohio River Valley to the mid Atlantic today, with heavy 0:07:21.160 --> 0:07:24.040 snow likely in the district in Baltimore. Some areas are 0:07:24.040 --> 0:07:25.920 probably going to see anywhere from six to as much 0:07:25.960 --> 0:07:28.480 as ten inches of snow from this system. There will 0:07:28.520 --> 0:07:30.720 also be heavy rain extending from the system through the 0:07:30.720 --> 0:07:34.280 Carolinas into parts of Georgia and the Florida Panhandle. Behind 0:07:34.280 --> 0:07:37.440 the system, very cold air stretching from the Dakota's southward 0:07:37.440 --> 0:07:39.800 into Texas, and some of that'll be moving into the 0:07:39.800 --> 0:07:43.920 mid Atlantic States later this week. I'm Rob Carolyn Bloomberg Radio. 0:07:44.320 --> 0:07:47.240 Thank you Rob. It's a busy week for law enforcement 0:07:47.240 --> 0:07:50.040 in Washington, d C. They are preparing for the state 0:07:50.120 --> 0:07:53.840 funeral a former president, Jimmy Carter. Carter's body will remain 0:07:53.920 --> 0:07:56.680 in Atlanta through today before making the trip to d 0:07:56.880 --> 0:08:00.840 C for Thursday's funeral, where President Biden will delivered the eulogy. 0:08:01.200 --> 0:08:04.480 Thousands of extra police officers are being brought in, with 0:08:04.600 --> 0:08:08.520 hundreds of soldiers on standby, and the DC National Guard 0:08:08.520 --> 0:08:12.240 has been activated. The FBI says the man responsible for 0:08:12.280 --> 0:08:15.080 the deadly truck attack in New Orleans on New Year's 0:08:15.160 --> 0:08:19.600 Day visited the city twice before and recorded video of 0:08:19.720 --> 0:08:24.120 the French Quarter with smart glasses. Authorities saying the attack 0:08:24.280 --> 0:08:29.320 by Shim's Dude Dean Jabbar, killed fourteen people and injured 0:08:29.360 --> 0:08:32.400 dozens of others. The former US Army soldier proclaimed his 0:08:32.400 --> 0:08:36.000 support for Ices in online videos posted hours before he 0:08:36.080 --> 0:08:39.960 struck the Brutalist was crowned Best Drama Film at the 0:08:39.960 --> 0:08:43.360 Golden Globes last night. Adrian Brody won for Best Actor. 0:08:43.400 --> 0:08:46.480 In the movie, he plays a Hungarian Jewish architect who 0:08:46.520 --> 0:08:49.640 immigrates to the US to escape the Holocaust. During the 0:08:49.640 --> 0:08:52.959 CBS telecast broad he had a message for real life immigrants. 0:08:53.240 --> 0:08:55.839 I hope that this work stands to lift you up 0:08:55.840 --> 0:08:57.559 a bit and to give you a. 0:08:57.559 --> 0:09:02.280 Voice, and I'm so grateful. I will cherish this moment. Treford, 0:09:02.320 --> 0:09:02.600 thank you. 0:09:03.000 --> 0:09:06.800 Emilia Perez took home the Best Motion Picture, Musical or Comedy. 0:09:07.040 --> 0:09:09.520 Global News twenty four hours a day and whenever you 0:09:09.559 --> 0:09:11.640 want it with Bloomberg News. Now, I'm Michael Barr, and 0:09:11.679 --> 0:09:12.640 this is Bloomberg Cameron. 0:09:12.800 --> 0:09:19.520 All right, Michael Barr, thank you time now for the 0:09:19.520 --> 0:09:22.840 Bloomberg Sports Outdate, brought to you by Tri State Audie. 0:09:22.880 --> 0:09:24.080 Here's John Stanshower. 0:09:24.160 --> 0:09:25.360 John, good morning, Good morning care. 0:09:25.400 --> 0:09:28.320 In the NFL regular season ended in Detroit, Lions and 0:09:28.440 --> 0:09:31.640 Vikings both came in with a gaudy fourteen and two record, 0:09:31.720 --> 0:09:33.920 but only one would get the first round by home 0:09:33.920 --> 0:09:36.120 field advantage. The loser would have to play likely all 0:09:36.160 --> 0:09:37.920 their playoff games on the road. It figured to be 0:09:38.000 --> 0:09:41.080 a close game. It was not all Lions. They won 0:09:41.240 --> 0:09:43.920 thirty one to nine. There were four touchdowns scored in 0:09:43.960 --> 0:09:47.360 all four by Detroit Jamiir Gibbs. As for the Giants, 0:09:47.360 --> 0:09:50.840 the one hundred season in franchise history one of the worst. 0:09:50.840 --> 0:09:53.760 The club record fourteen losses, a twelfth loss in a 0:09:53.840 --> 0:09:57.760 row in Philadelphia, even with the Eagles arresting their best players, Philly, 0:09:57.840 --> 0:10:01.319 led by third string quarterback Tanner mc he won twenty 0:10:01.400 --> 0:10:03.319 to thirteen. And now we'll see if the Giants clean 0:10:03.400 --> 0:10:06.240 house or decide to keep coach Brian dave All and 0:10:06.320 --> 0:10:08.200 GM Joe Shane. We know the Jets are looking for 0:10:08.200 --> 0:10:10.679 a new coach in GM, probably a new QB. 0:10:10.840 --> 0:10:12.439 If this was Aaron Rodgers. 0:10:12.080 --> 0:10:14.559 Last Jet game, it was his best and it included 0:10:14.840 --> 0:10:16.239 a career milestone. 0:10:16.400 --> 0:10:17.679 Good shotgun for Rogers. 0:10:17.720 --> 0:10:20.439 Presaul in motion, He's back to throw steps up with 0:10:20.480 --> 0:10:24.760 the pocket Sidearms went over the middle top touchdown. 0:10:24.559 --> 0:10:27.120 Tyler Conklin and that is. 0:10:27.280 --> 0:10:31.520 Career touchdown pass number five hundred. 0:10:31.280 --> 0:10:34.160 Wax two Rogers joining the club with only four other 0:10:34.280 --> 0:10:37.400 members Tom Brady, Drew Brees, Peyton Manning and Brett Farvey. 0:10:37.440 --> 0:10:40.160 Through four teen passes, and the Jets beat Miami thirty 0:10:40.160 --> 0:10:43.600 two to twenty. The Patriots beat the Bills twenty three sixteen, 0:10:43.679 --> 0:10:46.000 but they went just four and thirteen for the second 0:10:46.040 --> 0:10:48.840 straight year, and just after the game ended, they fired 0:10:48.880 --> 0:10:51.920 Gerond Meyo. He gets just one season as Bill Belichick's successor. 0:10:51.960 --> 0:10:55.160 We'll see if Dallas fires Mike McCarthy after a season 0:10:55.200 --> 0:10:57.520 with only two home wins. The Cowboys on a TV 0:10:57.640 --> 0:11:01.040 with three seconds left, lost to Washington three three to nineteen. 0:11:01.080 --> 0:11:03.680 Commanders went twelve and five, their best season since nineteen 0:11:03.760 --> 0:11:06.840 ninety one. Denver got the last playoffs bought in the AFC. 0:11:07.000 --> 0:11:08.959 Tampa Bay got the last one in the NFC. The 0:11:09.000 --> 0:11:12.840 playoffs begin Saturday. The Rangers won six two at Chicago. 0:11:12.920 --> 0:11:16.440 The golf at Kapalua won by Hedeki Matsuyama with a 0:11:16.480 --> 0:11:18.480 PGA record score of thirty five. 0:11:18.559 --> 0:11:21.040 On DUPA, John stash that We're Bloomberg Sports. 0:11:21.080 --> 0:11:22.079 Kenny and Nathan. 0:11:24.200 --> 0:11:28.440 Coast to coast on Bloomberg Radio nationwide on Sirius XM, 0:11:28.520 --> 0:11:31.360 and around the world on Bloomberg dot Com and the 0:11:31.400 --> 0:11:34.520 Bloomberg Business Appum. This is Bloomberg Daybreak. 0:11:35.000 --> 0:11:38.400 Good morning, I'm Nathan Hager. Memories of January sixth, twenty 0:11:38.440 --> 0:11:42.040 twenty one are hanging over this January sixth, this Congress 0:11:42.080 --> 0:11:45.160 gets ready to gather today to certify Donald Trump as 0:11:45.200 --> 0:11:48.520 the next president of the United States. Outgoing President Joe 0:11:48.520 --> 0:11:51.880 Biden says it is a day American should never forget. 0:11:51.840 --> 0:11:55.360 Today that most of our history we took for granted 0:11:55.400 --> 0:11:57.760 the sixth, but I hope we never take it for 0:11:57.800 --> 0:12:01.160 granted again. You know, four years year ago, in January sixth, 0:12:01.160 --> 0:12:03.880 this capital was attacked by a violent. 0:12:03.559 --> 0:12:06.720 Mom and as president like Trump considers clemency for his 0:12:06.760 --> 0:12:10.160 supporters that day, President Biden told new Democratic lawmakers it 0:12:10.240 --> 0:12:13.559 is their duty to uphold the peaceful transfer of power. Today. 0:12:13.679 --> 0:12:17.320 Joining us this morning is Bloomberg's Kevin White Law. Kevin, 0:12:17.360 --> 0:12:19.880 we really are expecting this to be a much different 0:12:20.040 --> 0:12:22.760 January sixth than four years ago, aren't we a good morning? 0:12:22.880 --> 0:12:23.120 Yeah? 0:12:23.120 --> 0:12:26.680 I mean yes, thanks, we are, and I think you're seeing. 0:12:26.960 --> 0:12:29.240 First of all, it's being taken much more seriously as 0:12:29.280 --> 0:12:32.960 a security risk and many many more precautions being taken. 0:12:33.000 --> 0:12:35.080 There was no fencing around the Capitol last time. It 0:12:35.120 --> 0:12:38.560 hadn't been declared a major national security event. Up to 0:12:38.640 --> 0:12:42.520 that point, always been a reasonably pro former kind of 0:12:42.559 --> 0:12:44.640 thing where it kind of went and people didn't even 0:12:44.679 --> 0:12:47.760 really notice it. This time it's a very different thing. 0:12:48.000 --> 0:12:51.520 But you also have an administration in the Biden administration 0:12:51.600 --> 0:12:55.680 that is committed to a smooth process, taking part in 0:12:55.720 --> 0:13:00.200 it and making sure that they set an example for 0:13:00.200 --> 0:13:02.360 what a peaceful transfer of power is supposed to look like. 0:13:02.720 --> 0:13:06.040 And I guess we're seeing elements of that example in 0:13:06.120 --> 0:13:09.640 an op ed from the President in the Washington Post 0:13:09.720 --> 0:13:13.760 this morning talking about his determination to uphold the peaceful 0:13:13.800 --> 0:13:17.080 transfer power, even to return to the capital on January 0:13:17.160 --> 0:13:21.640 twentieth to attend President Trump's inauguration, something that the former 0:13:21.800 --> 0:13:26.240 now president elect did not afford President Biden four years ago. 0:13:26.800 --> 0:13:29.400 How likely is it, though, that President elect Trump moves 0:13:29.440 --> 0:13:32.120 quickly on clemency for his supporters from that. 0:13:32.600 --> 0:13:34.320 Yeah, I mean, he certainly has promised that he's going 0:13:34.400 --> 0:13:38.320 to move very quickly to you know, possibly even on 0:13:38.360 --> 0:13:41.280 the first day, to do some kind of clemency. I 0:13:41.320 --> 0:13:43.560 think the only question really is sort of how broad 0:13:43.600 --> 0:13:45.880 it is and is it a pardon, is it clemency 0:13:46.480 --> 0:13:51.240 for is it selective? Does it sort of encompass all 0:13:51.280 --> 0:13:54.880 of the prosecutions. There's obviously a lot of concern among 0:13:55.360 --> 0:13:59.440 sort of the Justice Department folks and prosecutors and even 0:13:59.440 --> 0:14:01.880 some judges who have made it clear this was obviously 0:14:01.960 --> 0:14:04.440 a very serious event. There were people who were injured. 0:14:04.440 --> 0:14:06.760 There there was even one who was killed. It was 0:14:07.160 --> 0:14:11.600 an event that did also tear apart of the country 0:14:11.600 --> 0:14:16.480 a little bit. And the notion of a mass pardon 0:14:16.600 --> 0:14:19.040 is has a lot of people worried about what that 0:14:19.160 --> 0:14:23.480 says about sort of, you know, potential future problems. Should 0:14:23.480 --> 0:14:26.240 should there be another kind of similar moment where someone 0:14:26.760 --> 0:14:30.760 in power resists the peaceful transfer of power. It's really 0:14:30.840 --> 0:14:33.160 unclear exactly what Trump is going to do, and it 0:14:33.200 --> 0:14:35.640 is possible that there will be a somewhat more you know, 0:14:35.640 --> 0:14:39.480 he could, for instance, separate non violent versus violent offenders 0:14:39.520 --> 0:14:44.240 and handle them differently. That's a possibility, but the broadery 0:14:44.320 --> 0:14:47.240 goes the more controversial. It's obviously going to be just. 0:14:47.200 --> 0:14:50.080 Thirty seconds left, Kevin. But if the president elect does 0:14:50.240 --> 0:14:54.120 do like a blanket clemency or a wide move like that, 0:14:54.240 --> 0:14:57.000 what does that mean for setting his agenda? I mean, 0:14:57.040 --> 0:14:59.520 he's talked about trying to pass a whole bunch of 0:14:59.520 --> 0:15:01.320 things in fell Swoop. 0:15:01.680 --> 0:15:03.800 Well, it does, and obviously a lot of what he's 0:15:03.840 --> 0:15:06.280 going to have to do if he wants to really 0:15:06.360 --> 0:15:09.720 be broad is could do it through this process called reconciliation, 0:15:09.800 --> 0:15:12.160 which is a way of doing it without the votes 0:15:12.200 --> 0:15:15.320 of Democrats. But it's going to be extremely hard. His 0:15:15.440 --> 0:15:20.960 margins and Congress are very narrow, and the broader clemency 0:15:21.000 --> 0:15:23.320 movement goes, the less Democrats are going to be willing 0:15:23.400 --> 0:15:27.160 to give him space on other parts of his agenda 0:15:27.200 --> 0:15:28.600 that will indeed need their votes. 0:15:28.960 --> 0:15:32.360 This is Bloomberg Daybreak, your morning podcast on the stories 0:15:32.440 --> 0:15:35.480 making news from Wall Street to Washington and beyond. 0:15:35.720 --> 0:15:38.120 Look for us on your podcast feed by six am 0:15:38.160 --> 0:15:41.560 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:15:41.760 --> 0:15:44.640 You can also listen live each morning starting at five 0:15:44.680 --> 0:15:47.280 am Wall Street time on Bloomberg eleven three to zero 0:15:47.400 --> 0:15:50.280 in New York, Bloomberg ninety nine to one in Washington, 0:15:50.360 --> 0:15:53.680 Bloomberg ninety two to nine in Boston, and nationwide on 0:15:53.840 --> 0:15:56.200 serious XM Channel one twenty one. 0:15:56.440 --> 0:15:59.160 Plus listen coast to coast on the Bloomberg Business app 0:15:59.200 --> 0:16:02.400 now with Apple our Play and Android Atto interfaces, and. 0:16:02.400 --> 0:16:05.360 Don't forget to subscribe to Bloomberg News Now. It's the 0:16:05.400 --> 0:16:08.560 latest news, whenever you want it in five minutes or less. 0:16:08.840 --> 0:16:11.920 Search Bloomberg News Now on your favorite podcast platform to 0:16:11.920 --> 0:16:15.440 stay informed all day long. I'm Karen Moscow. 0:16:15.240 --> 0:16:17.760 And I'm Nathan Hager. Join us again tomorrow morning for 0:16:17.800 --> 0:16:19.720 all the news you need to start your day right 0:16:19.760 --> 0:16:20.800 here on Bloomberg. 0:16:20.880 --> 0:16:21.200 Dabray