US Seeks to Control Ukraine Investment; Hegseth Faces Signal Breach Questions

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:12.600 --> 0:00:15.240 Good morning, I'm Nathan Hager and I'm John Tucker. 0:00:15.280 --> 0:00:17.000 Here are these stories we're following today. 0:00:17.120 --> 0:00:19.240 John, we begin with the latest developments in the war 0:00:19.239 --> 0:00:22.480 in Ukraine. The US is pushing to control all major 0:00:22.520 --> 0:00:25.680 future infrastructure and mineral investments in the country. 0:00:25.720 --> 0:00:27.680 We get more from Bloomberg's Tony Haupin. 0:00:28.120 --> 0:00:31.600 It would give the US control over very large areas 0:00:31.680 --> 0:00:35.440 of investments in Ukraine's economy. They're demanding essentially a right 0:00:35.520 --> 0:00:39.000 of first offer in this agreement that they're drawing up 0:00:39.000 --> 0:00:41.960 with Kiev that would allow them to control investments into 0:00:41.960 --> 0:00:45.680 projects such as roads, railways, ports, mines, oil and gas, 0:00:45.720 --> 0:00:49.520 critical minerals extraction. So it's a pretty enormously extensive list 0:00:49.560 --> 0:00:51.960 of things. And it will also give the US first 0:00:51.960 --> 0:00:55.480 claim on profits that were transferred into this special investment 0:00:55.520 --> 0:00:58.600 fund that's being proposed by Washington, and they would get 0:00:58.640 --> 0:01:01.520 the profits until it was considered that Ukraine had basically 0:01:01.560 --> 0:01:04.520 repaid all of the US military and economic support that 0:01:04.560 --> 0:01:06.800 had been provided since the beginning of the war. 0:01:06.959 --> 0:01:10.080 Bloombergs Tony Happin says the deal could undermine Ukraine's bid 0:01:10.120 --> 0:01:13.920 for European Union membership and give the US effective control 0:01:14.000 --> 0:01:17.600 over investment decisions covering large areas of Ukraine's economy. 0:01:17.959 --> 0:01:21.240 And meanwhile, Nathan Russian President Vladimir Putin is proposing a 0:01:21.440 --> 0:01:26.600 UN led transitional administration in Ukraine. Here's Putin speaking through 0:01:26.600 --> 0:01:27.200 an interpreter. 0:01:27.600 --> 0:01:30.720 We could discuss under the auspices of the UN, with 0:01:30.840 --> 0:01:34.280 the US, with European countries, and of course with our 0:01:34.319 --> 0:01:38.440 partners and friends, the possibility of conducting temporary governance in 0:01:38.560 --> 0:01:42.200 Ukraine in order to hold democratic elections in order to 0:01:42.400 --> 0:01:45.720 bring to power a viable government that enjoys the trust 0:01:45.760 --> 0:01:48.920 of the people and then begin negotiations with them on 0:01:48.960 --> 0:01:49.760 a peace treaty. 0:01:50.080 --> 0:01:53.560 Putin also said Runsia is worried about NATO's activities in 0:01:53.600 --> 0:01:54.200 the Arctic. 0:01:54.640 --> 0:01:58.840 John Defense Secretary Pete Hegseth is in Asia, specifically the Philippines, 0:01:58.880 --> 0:02:00.880 for his first trip to the Rea as head of 0:02:00.920 --> 0:02:04.040 the Pentagon, but he's facing questions about that group chat 0:02:04.040 --> 0:02:07.080 on signal where he shared an attack timeline for Yemen 0:02:07.200 --> 0:02:11.280 with top US officials and inadvertently the Atlantic magazine's editor. 0:02:11.639 --> 0:02:14.880 And I'm quite proud, quite proud of what our. 0:02:14.720 --> 0:02:19.440 Forces and Sentcom did on that initial series of very 0:02:19.440 --> 0:02:23.680 effective and devastating strikes and the ongoing campaign that we 0:02:23.680 --> 0:02:28.320 are undertaking because that is a again on the backs 0:02:28.320 --> 0:02:31.320 of four years of deferred maintenance and failure and weakness 0:02:31.400 --> 0:02:35.480 of the Biden administration, we are re establishing deterrens. 0:02:36.280 --> 0:02:39.680 Defense Secretary Pete Hegseth is facing calls to resign for 0:02:39.760 --> 0:02:42.640 sharing the attack plans over a commercially available app. A 0:02:42.680 --> 0:02:45.840 federal judge has ordered Hegseth and other officials to preserve 0:02:45.880 --> 0:02:49.160 their signal communications over the five days that included the 0:02:49.240 --> 0:02:50.280 Yemen chat, and. 0:02:50.480 --> 0:02:54.080 Elon mossays he's planning to slash one trillion dollars in 0:02:54.200 --> 0:02:57.320 US government spending by the end of May. Must spoke 0:02:57.360 --> 0:02:58.239 with Fox News. 0:02:58.639 --> 0:03:01.960 Our goal is to use to DEFSIT by trillion dollars, 0:03:03.160 --> 0:03:06.000 so from a nominal deficit of two trillion to track 0:03:06.040 --> 0:03:09.400 cut DEPSIT in half to one trillion, or looked at 0:03:09.440 --> 0:03:11.960 it in total federal spending, to drop the federal spending 0:03:12.000 --> 0:03:12.960 from seven trillion. 0:03:12.720 --> 0:03:13.480 To six trillion. 0:03:13.800 --> 0:03:16.800 Figures from Elon Musk's own team show they are still 0:03:16.960 --> 0:03:20.000 far from the one trillion dollar mark. The Doze website 0:03:20.040 --> 0:03:23.480 lists about twenty two billion dollars in contract savings. The 0:03:23.520 --> 0:03:26.440 cross cutting efforts to face a series of legal setbacks 0:03:26.760 --> 0:03:29.640 as judges have halted some of their decisions. 0:03:29.280 --> 0:03:31.600 And John the Trump administration is making a big move 0:03:31.600 --> 0:03:34.960 and it's bid to layoff government workers. Multiple agencies, including 0:03:35.000 --> 0:03:38.200 the Justice and Defense Departments, have filed the lawsuit to 0:03:38.240 --> 0:03:42.240 invalidate union contracts with federal employees. The suit says the 0:03:42.320 --> 0:03:46.280 collective bargaining agreements are impeding President Trump's government reform efforts 0:03:46.440 --> 0:03:49.960 and threatened national security. The American Federation of Government Employees 0:03:50.040 --> 0:03:52.960 union is calling the case a bullying tactic against quote, 0:03:53.040 --> 0:03:56.119 hundreds of thousands of patriotic American civil servants. 0:03:56.160 --> 0:03:59.040 And while Donald Trump he intensifies his global trade war, 0:03:59.200 --> 0:04:03.720 China's president is meeting with business leaders. Chi Jinping met 0:04:03.760 --> 0:04:07.520 with more than forty leaders of companies spending, finance, manufacturing, 0:04:07.640 --> 0:04:11.840 and technology, avowed to improve market access and boost investors 0:04:11.840 --> 0:04:15.360 sentiment amidst rising tarofs and economic uncertainty. 0:04:15.640 --> 0:04:18.440 John Secretary of State Marco Rubio is defending the Trump 0:04:18.480 --> 0:04:22.960 administration's push to expel foreign citizens who have protested against Israel. 0:04:23.279 --> 0:04:26.000 Speaking to reporters during a visit to Guyana, Rubio said 0:04:26.040 --> 0:04:28.960 the US may have revoked more than three hundred visas 0:04:29.000 --> 0:04:29.440 so far. 0:04:29.839 --> 0:04:30.680 I think it's crazy. 0:04:30.720 --> 0:04:33.000 I think it's stupid for any country in the world 0:04:33.200 --> 0:04:35.280 to welcome people into their country. They're going to go 0:04:35.320 --> 0:04:39.160 to your universities as visitors. They're visitors and say, I'm 0:04:39.200 --> 0:04:42.360 going to your universities to start a riot. I'm going 0:04:42.400 --> 0:04:45.960 to your universities to take over a library and harass people. 0:04:46.080 --> 0:04:47.560 I don't care what movement you're involved in. 0:04:47.800 --> 0:04:50.240 And Secretary of State Marco Rubio and now lawyers for 0:04:50.279 --> 0:04:53.440 the detained visa holders say the actions violate their constitutional 0:04:53.520 --> 0:04:55.520 rights to free speech and do process. 0:04:55.920 --> 0:04:58.520 And let's turn to the markets. Futures lower right now 0:04:58.560 --> 0:05:01.720 as we close out another volatile trading week, Gold hit 0:05:01.800 --> 0:05:05.279 another record as concerns about US tariffs and a winding 0:05:05.320 --> 0:05:08.440 trade war way on investors. Adam Coohons is the chief 0:05:08.440 --> 0:05:11.000 investment officer at Winthrop Capital Management. 0:05:11.360 --> 0:05:14.800 I think we all know that Wall Street obviously likes 0:05:14.880 --> 0:05:18.920 nothing less than uncertainty. You can get bad news and 0:05:19.320 --> 0:05:21.320 if it's expected, you know, it doesn't really do much. 0:05:21.360 --> 0:05:26.600 But uncertainty will drive this higher volatility, higher risk premiums. 0:05:26.760 --> 0:05:30.200 Winthrop Capital Managements. Adam couhns well. The SMP five hundred 0:05:30.240 --> 0:05:33.240 is on pace for its worst quarters since twenty twenty three, 0:05:33.680 --> 0:05:35.720 is down three point two percent so far. 0:05:35.760 --> 0:05:38.640 There's here today, John. Investors are waiting for another key 0:05:39.080 --> 0:05:44.400 economic report. It's the Fed's preferred inflation gauge, the PCE deflator. 0:05:44.800 --> 0:05:46.799 Ahead of that, the head of the Boston Fed says 0:05:46.839 --> 0:05:50.120 it looks inevitable the tariffs will boost inflation, at least 0:05:50.160 --> 0:05:52.880 in the near term. Susan Collins says it is appropriate 0:05:52.960 --> 0:05:55.560 to keep interest rates steady for longer. 0:05:55.960 --> 0:06:00.080 Looks inevitable that tariffs are going to increase inflation in 0:06:00.080 --> 0:06:03.600 the near term, and my kind of mortal outlook would 0:06:03.680 --> 0:06:08.279 be that that could be short lived, with a continuation 0:06:08.520 --> 0:06:12.200 of some disinflation, but further in the future than I 0:06:12.279 --> 0:06:13.560 might have expected before. 0:06:13.839 --> 0:06:17.240 Boston Fed President Susan Collins and other central bankers left 0:06:17.240 --> 0:06:24.320 interest rates unchanged last week for a second straight meeting, and. 0:06:24.240 --> 0:06:26.360 The princess to five o seven on Wall Street. It 0:06:26.440 --> 0:06:27.680 is timed out for a look at some of the 0:06:27.760 --> 0:06:30.440 others stories making news in New York and around the world. 0:06:30.560 --> 0:06:33.760 After that, we're joined by Bloomberg's Michael Barr. Michael, Good Morning, 0:06:33.839 --> 0:06:37.400 Good Morning John. A strong seven point seven magnitude earthquake 0:06:37.480 --> 0:06:41.320 has rocked me and Mark, causing buildings disway. It caused 0:06:41.320 --> 0:06:45.800 evacuations in Thailand and Vietnam. Witnesses and Bangkok said the 0:06:45.839 --> 0:06:48.960 shaking continued for more than a minute, with people fleeing 0:06:49.040 --> 0:06:53.119 onto the street. There were no immediate reports of casualties. 0:06:53.440 --> 0:06:56.920 The Greater Bangkok area is home to more than seventeen 0:06:56.960 --> 0:07:00.800 million people, many of whom live in high rise apartments. 0:07:01.120 --> 0:07:04.200 You're not welcome here. That's the chilly message that some 0:07:04.360 --> 0:07:07.960 residents of Greenland are sending to Vice President JD. Vans 0:07:08.279 --> 0:07:12.200 and Second Lady Ushevans. The two are coming as President 0:07:12.240 --> 0:07:15.400 Trump once again vows to take over Greenland. This man 0:07:15.440 --> 0:07:18.640 says Greenland is not for sale, and neither are it's people. 0:07:19.400 --> 0:07:22.920 He's not welcome to Quenland and he's administrated because he wants. 0:07:22.720 --> 0:07:23.600 To buy buyers. 0:07:24.000 --> 0:07:27.040 If he say I want to I don't want to 0:07:27.040 --> 0:07:28.440 buy you, then he's welcome. 0:07:29.280 --> 0:07:32.840 Greenland is an autonomous territory but is also a part 0:07:32.880 --> 0:07:36.320 of the Kingdom of Denmark. President Donald Trump says he 0:07:36.360 --> 0:07:40.440 will withdraw Representative Elise to Phonix nomination to serve as 0:07:40.480 --> 0:07:44.840 the US Ambassador to the United Nations, citing republicans narrow 0:07:44.960 --> 0:07:47.680 hold on the House. In a post on social media, 0:07:47.720 --> 0:07:50.560 Trump says, with a very tight majority, I don't want 0:07:50.600 --> 0:07:54.520 to take a chance on anyone else running for Elisa's seat. 0:07:54.840 --> 0:07:57.160 He went on to say there are others that can 0:07:57.200 --> 0:08:01.280 do a good job at the United Nations. Wildfires that 0:08:01.320 --> 0:08:04.440 have been raging in the Carolinas that prompted both evacuations 0:08:04.640 --> 0:08:09.320 and emergency orders. There are three wildfires burning in North Carolina, 0:08:09.400 --> 0:08:13.640 including the Black Cove, which is seventeen percent contained. Governor 0:08:13.720 --> 0:08:15.320 Josh Stein there's. 0:08:15.120 --> 0:08:17.720 Not enough containment yet, but they are working tiresly in 0:08:17.800 --> 0:08:21.880 what's encouraging is it's the State for Service, It's the 0:08:22.000 --> 0:08:26.360 National Force Services. If you're Nian affairs, it's local police, 0:08:26.600 --> 0:08:28.760 fire departments, everybody coming together. 0:08:29.640 --> 0:08:33.920 Another wildfire, the Deep Woods is thirty percent contained. Rain 0:08:34.160 --> 0:08:38.280 and cooler temperatures are helping South Korean firefighters as they 0:08:38.320 --> 0:08:41.600 battle the country's worst ever wildfires. The chief of the 0:08:41.840 --> 0:08:45.520 Korea Forest Service says the wildfires in the southeast where 0:08:45.559 --> 0:08:49.040 eighty five percent contained. The fires have killed twenty eight 0:08:49.080 --> 0:08:53.679 people and destroyed thousands of houses, factories, vehicles, and other structures. 0:08:54.080 --> 0:08:56.800 Global news twenty four hours a day and whenever you 0:08:56.880 --> 0:08:59.600 want it with the Bloomberg News Now Michael Barrn, this 0:08:59.840 --> 0:09:00.440 is Bloomberg. 0:09:00.480 --> 0:09:05.679 John all right, Michael, thank you and the Burnses to 0:09:05.720 --> 0:09:07.920 five ten on Wall Street time down for the Bloomberg 0:09:08.040 --> 0:09:11.360 Sports Update, brought to you by you Trin State Autie Dealers. 0:09:11.360 --> 0:09:13.240 Same for that, your Stan Schwartzman. 0:09:13.600 --> 0:09:15.719 Good morning, John and Nathan. Opening day of the Major 0:09:15.800 --> 0:09:18.440 League Baseball season saw the Yankees win their fourth trade 0:09:18.480 --> 0:09:20.720 opener as history was made in the Bronx. 0:09:21.360 --> 0:09:26.359 Austin Wells is the first Yankee catcher to hit leadoff 0:09:26.400 --> 0:09:29.320 in a lineup in their franchise history. That is ripped 0:09:29.400 --> 0:09:33.600 in right back at the wall. See y'all home run. 0:09:34.200 --> 0:09:37.439 What a start Yankees on top one zip. 0:09:37.880 --> 0:09:39.160 Ma Thatt's courtesy of ESPN. 0:09:39.240 --> 0:09:42.439 Wells also becoming the first catcher in baseball history did 0:09:42.480 --> 0:09:45.520 an opening day leadoff homer. Yankees also getting a homer 0:09:45.520 --> 0:09:47.880 from Anthony Volpi to beat the Brewers four to two. 0:09:48.320 --> 0:09:50.800 Mets fall the Astros in Houston three to one. Newest 0:09:50.800 --> 0:09:53.559 Metwan Soto striking out the tying runs on base in 0:09:53.600 --> 0:09:54.199 the ninth inning. 0:09:54.480 --> 0:09:55.120 Then the game. 0:09:55.480 --> 0:09:57.480 Sodo, though gets a single in two walks in his 0:09:57.600 --> 0:10:01.080 debut after signing a record fifteen year, seven hundred and 0:10:01.080 --> 0:10:04.360 sixty five million dollar contract in the off season. Elsewhere, 0:10:04.400 --> 0:10:06.679 Red Sox knock off the Rangers five to two, Garret 0:10:06.679 --> 0:10:09.360 Crotchard picking up a no decision in his Socks debut, 0:10:09.679 --> 0:10:11.560 while will You or Brew goes three for three at 0:10:11.559 --> 0:10:14.480 a walk in two homers. Nationals dominate the Blue Jays 0:10:14.559 --> 0:10:17.640 twelve to two, while the Excuse Me Orioles dominate the 0:10:17.640 --> 0:10:20.000 Blue Jays twelve to two. The Nationals loose to the 0:10:20.000 --> 0:10:23.360 Phillies seven to three in ten innings. All the higher 0:10:23.400 --> 0:10:25.000 seeds moving on to the lead eight of the men's 0:10:25.080 --> 0:10:28.640 NCAA Tournament as Duke beats Arizona, Texas Tech gets past 0:10:28.720 --> 0:10:32.120 Arkansas on overtime. Florida knocks off Maryland, while Alabama sets 0:10:32.120 --> 0:10:34.880 a tournament record with twenty five three pointers to dominate 0:10:35.000 --> 0:10:38.600 byu NBA Action Basers, setting a franchise record. They scored 0:10:38.640 --> 0:10:40.400 one hundred and sixty two points in a win over 0:10:40.400 --> 0:10:42.959 the Wizards. Cavaliers win their fifty ninth game of the 0:10:43.000 --> 0:10:45.679 season by knocking off the Spurs in Cleveland. The Lakers 0:10:45.720 --> 0:10:48.360 fall to the Bulls by two in Chicago, and for 0:10:48.400 --> 0:10:50.800 our listeners in New York, you can catch arrangers on 0:10:50.920 --> 0:10:53.360 the ice tonight as they take on the Anaheim Ducks. 0:10:53.440 --> 0:10:55.800 Puck drops at ten right here on Bloomberg eleven, three 0:10:55.840 --> 0:10:58.760 to zero. That's your Bloomberg Sports Update. I'm Dan Schwarzman, 0:10:58.880 --> 0:10:59.880 John and Nathan. 0:11:01.840 --> 0:11:06.000 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:06.120 --> 0:11:08.960 and around the world on Bloomberg dot Com and the 0:11:09.000 --> 0:11:12.079 Bloomberg Business app. This is Bloomberg Daybreak. 0:11:12.200 --> 0:11:13.560 Good morning, I'm Nathan Hager. 0:11:13.640 --> 0:11:16.400 As President Donald Trump continues to push for a full 0:11:16.440 --> 0:11:19.440 seasefire between Russia and Ukraine, he has also been looking 0:11:19.440 --> 0:11:23.760 to assert more US economic control over the war torn country. 0:11:24.000 --> 0:11:26.520 It is something the President has been discussing a lot 0:11:26.600 --> 0:11:27.440 in recent weeks. 0:11:27.760 --> 0:11:29.800 One of the things we are doing is signing a 0:11:29.840 --> 0:11:34.120 deal very shortly with respect to rare earth with Ukraine, 0:11:34.120 --> 0:11:37.240 which they have a tremendous value in rare earth, and 0:11:37.400 --> 0:11:38.240 we appreciate that. 0:11:38.679 --> 0:11:40.840 Now Bloomberg News has seen a document that shows the 0:11:40.960 --> 0:11:44.160 US may want more than just Ukraine's rare earths, looking 0:11:44.200 --> 0:11:48.280 to control all major investments in infrastructure and natural resources 0:11:48.679 --> 0:11:51.760 under a revised partnership deal. For more on this and 0:11:52.200 --> 0:11:54.360 other news coming out of the nation's capital, we are 0:11:54.400 --> 0:11:57.679 joined by Greg Valier this morning, chief US policy strategist 0:11:58.120 --> 0:12:01.760 at AGF Investments. It's good to speak with you once again. 0:12:01.800 --> 0:12:04.319 From the reporting that has been put out there, now, 0:12:04.400 --> 0:12:07.840 this sounds like a major expansion of what the President 0:12:07.840 --> 0:12:09.880 has been talking about when it comes to what he 0:12:10.000 --> 0:12:11.600 wants out of Ukraine. 0:12:11.600 --> 0:12:13.160 Well, how do you see it? 0:12:13.160 --> 0:12:16.640 It sure is? I agree, Nathan. I think it's going 0:12:16.679 --> 0:12:21.360 to be very controversial to expand US economic activity to 0:12:21.480 --> 0:12:25.199 that level. I'm not sure a Zelensky can buy this. 0:12:25.200 --> 0:12:29.400 This has been something that has tested the relationship between 0:12:29.559 --> 0:12:32.160 the US and Ukraine. We saw the blow up in 0:12:32.200 --> 0:12:35.439 the Oval office last month. What makes you think that 0:12:36.440 --> 0:12:39.360 President Zelensky could have some difficulty with this? 0:12:40.120 --> 0:12:42.440 I think his own people. I think the Ukrainian people 0:12:42.480 --> 0:12:46.040 are going to see that Trump wants to make Ukraine 0:12:46.720 --> 0:12:49.880 the fifty first state. Forget about Canada, it could be Ukraine. 0:12:50.200 --> 0:12:55.400 And I think this type of economic activity is going 0:12:55.400 --> 0:12:58.240 to be viewed as too harsh, too extensive. 0:12:59.000 --> 0:13:03.840 And we've seen also Russian President Vladimir Putin pushing this 0:13:04.000 --> 0:13:11.880 idea of a UN sponsored force taking a transitional administration 0:13:12.520 --> 0:13:15.320 over Ukraine. Early reports that the White House is kind 0:13:15.320 --> 0:13:18.000 of dismissing that. Where do you see this going now, Greg? 0:13:18.600 --> 0:13:21.079 I think it's going to last for a while before resolution. 0:13:21.559 --> 0:13:24.120 I'm not convinced this is going to get wrapped up 0:13:24.160 --> 0:13:28.600 anytime soon. The Bloomberg story this morning, I think complicates 0:13:28.760 --> 0:13:32.079 the prospects for getting anything done. So we've got a 0:13:32.120 --> 0:13:33.480 ways to go well. 0:13:33.520 --> 0:13:36.840 And this comes, of course, after more than thirty leaders 0:13:36.920 --> 0:13:40.240 met just yesterday in Paris trying to put out their 0:13:40.280 --> 0:13:44.080 position on what to do about Ukraine, and it seems 0:13:44.120 --> 0:13:46.400 like Europe has been on the sidelines. Can Europe sort 0:13:46.440 --> 0:13:49.360 of reassert itself given what we're learning about what the 0:13:49.360 --> 0:13:51.240 president is trying to do in Ukraine? 0:13:51.520 --> 0:13:54.360 I think a bit. I think Macron and others could 0:13:54.400 --> 0:13:59.400 be intermediaries. But I think again, this proposal that we're 0:13:59.400 --> 0:14:03.480 seeing this is way too vast for most all of 0:14:03.480 --> 0:14:04.760 the European leaders. 0:14:05.200 --> 0:14:08.960 I want to get to the other major story that's 0:14:09.040 --> 0:14:12.040 been dominating Washington over the last several days. Of course, 0:14:12.080 --> 0:14:16.960 this signal chat about Yemen war plans or attack plans, 0:14:17.520 --> 0:14:18.840 as it's been characterized. 0:14:18.880 --> 0:14:19.080 Now. 0:14:19.360 --> 0:14:22.920 Defense Secretary Pete Hegseth has continued to face questions about that, 0:14:23.000 --> 0:14:26.160 even as he's been overseas in Asia. 0:14:26.720 --> 0:14:28.920 How do you see this playing out in the days 0:14:28.920 --> 0:14:29.280 to come. 0:14:30.160 --> 0:14:32.440 Well, I think Hegseth is probably going to hang on. 0:14:32.840 --> 0:14:36.200 I don't think he's going to be dismissed, although there 0:14:36.280 --> 0:14:40.800 are a surprisingly large number of Republicans here in Washington 0:14:40.840 --> 0:14:44.400 who were using the phrase amateur hour, a feeling that 0:14:44.480 --> 0:14:46.400 has got maybe over his head. 0:14:47.440 --> 0:14:51.960 How do you view the disclosures that came out of 0:14:52.000 --> 0:14:55.080 this signal, chat? I mean, the White House has said 0:14:55.120 --> 0:14:59.560 nothing classified was revealed, but we did see a pretty 0:14:59.600 --> 0:15:03.080 detail timeline of how these attacks are going to go down. 0:15:03.640 --> 0:15:05.600 Well, you're right, Nathan, and I think an awful lot 0:15:05.640 --> 0:15:09.080 of people here feel that this set's a very bad precedent. 0:15:09.320 --> 0:15:13.120 I'd also add really quickly, there have been some extraordinary 0:15:13.160 --> 0:15:16.960 moves by Trump to consolidate his power, going after law firms. 0:15:17.320 --> 0:15:20.320 There's a story this morning going after he going after 0:15:20.440 --> 0:15:24.440 automakers in the US who try to raise prices. So 0:15:24.760 --> 0:15:27.680 Trump's going for it this week. This will be remembered 0:15:27.720 --> 0:15:31.400 as a week where Trump really dramatically increased his power. 0:15:31.760 --> 0:15:35.720 Do you think these efforts to increase powers you put 0:15:35.760 --> 0:15:38.320 it are going to have a lasting impact on about 0:15:38.360 --> 0:15:39.680 thirty seconds left. 0:15:40.040 --> 0:15:42.800 I think the key as usual is going to be 0:15:42.880 --> 0:15:46.480 two full number one public opinion and in Trump's numbers 0:15:46.480 --> 0:15:50.680 aren't bad. They're not great, but they're not bad. And secondly, Republicans, 0:15:50.720 --> 0:15:53.560 I think a lot of Republicans in private are the 0:15:53.600 --> 0:15:56.800 wild card. They're beginning to think Trump is overdoing it. 0:15:57.120 --> 0:15:58.880 I think there may be an effort to try to 0:15:58.960 --> 0:15:59.480 curb him. 0:16:00.120 --> 0:16:03.200 Is Bloomberg Daybreak here morning podcast on the stories making 0:16:03.240 --> 0:16:05.800 news from Wall Street to Washington and beyond. 0:16:06.120 --> 0:16:08.520 Look for us on your podcast feed by six am 0:16:08.520 --> 0:16:11.920 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:12.000 --> 0:16:14.480 You can also listen live each morning starting at five 0:16:14.520 --> 0:16:16.960 am Wall Street time. I'm Bloomberg eleven three zero in 0:16:17.000 --> 0:16:20.160 New York, Bloomberg ninety nine to one in Washington, Bloomberg 0:16:20.280 --> 0:16:23.880 ninety two nine in Boston, and nationwide A's Serious XAM 0:16:23.960 --> 0:16:25.360 Channel one twenty one. 0:16:25.480 --> 0:16:25.800 Plus. 0:16:25.840 --> 0:16:28.440 Listen coast to coast on the Bloomberg Business app now 0:16:28.440 --> 0:16:31.720 with Apple CarPlay and Android auto interfaces. 0:16:31.240 --> 0:16:33.920 And don't forget to subscribe to Bloomberg News Now. It's 0:16:33.960 --> 0:16:36.720 the latest news whenever you want it in five minutes 0:16:36.840 --> 0:16:41.239 or less. Search Bloomberg News Now. Your favorite podcast platform 0:16:41.400 --> 0:16:44.760 is Stay informed all day long. I'm John Tucker. 0:16:44.480 --> 0:16:47.000 And I'm Nathan Hager. 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