White House Text Breach Fallout, New Tariffs Teased On today's podcast:

Bloomberg Audio Studios, podcasts, Radio News. 0:00:10.039 --> 0:00:10.600 Good morning. 0:00:10.640 --> 0:00:13.480 I'm Nathan Hager and I'm Karen Moscow. Here are the 0:00:13.520 --> 0:00:14.960 stories we're following today. 0:00:15.120 --> 0:00:17.280 Karen, we begin with what appears to be a major 0:00:17.360 --> 0:00:22.000 security breach within President Trump's inner circle. A prominent Washington journalist, 0:00:22.040 --> 0:00:25.360 Atlantic Editor in chief Jeffrey Goldberg, says he was included 0:00:25.440 --> 0:00:28.440 in a high level text thread about plans to bomb 0:00:28.600 --> 0:00:31.960 Hoo they targets in Yemen hours before the operation was 0:00:32.000 --> 0:00:35.120 carried out. Goldberg wrote a thirty five hundred word piece 0:00:35.159 --> 0:00:38.160 about it in the Atlantic and discussed it with ABC News. 0:00:38.760 --> 0:00:41.960 I get a message request to connect with Mike Waltz, 0:00:42.200 --> 0:00:45.400 who's a national security advisor or someone who's purporting to 0:00:45.400 --> 0:00:49.319 be Mike Waltz. Not an unusual thing in Washington. I'm 0:00:49.320 --> 0:00:51.920 a journalist. I've met him in the past, so I 0:00:51.920 --> 0:00:52.440 accept it. 0:00:52.680 --> 0:00:56.480 Jeffrey Goldberg says the chat on signal included operational details 0:00:56.480 --> 0:01:00.480 from Defense Secretary Pete Hegseth, including information about targets, weapons, 0:01:00.520 --> 0:01:03.520 and attack sequencing. It also revealed some of the Trump 0:01:03.560 --> 0:01:07.480 administration's internal power dynamics. At one point, Vice President JD. 0:01:07.600 --> 0:01:10.360 Vance signaled he opposed the strikes, only to be shot 0:01:10.400 --> 0:01:13.760 down by an account labeled sm Apparently White House Deputy 0:01:13.800 --> 0:01:15.720 Chief of Staff Stephen Miller. 0:01:15.920 --> 0:01:18.760 Well Nathan the White House National Security Council says the 0:01:18.800 --> 0:01:22.919 text chain appears authentic and they're reviewing how an inadvertent 0:01:22.959 --> 0:01:26.080 phone number was added to the signaled chat. Defense Secretary 0:01:26.120 --> 0:01:30.039 Pete Hegseth says national security was not put at risk. 0:01:30.400 --> 0:01:35.440 I've heard it was characterized nobody was texting war plans, 0:01:35.440 --> 0:01:36.720 and that's all I have to say about that. 0:01:37.080 --> 0:01:40.399 Defense Secretary Hegseeth spoke to reporters in Hawaii, and the 0:01:40.400 --> 0:01:43.920 White House says President Trump has utmost confidence in his team, 0:01:44.200 --> 0:01:48.080 including National Security Director Mike Walls. But the breach has 0:01:48.120 --> 0:01:52.280 Democrats in Congress calling for hearings, including Colorado's Jason Crowe. 0:01:52.400 --> 0:01:55.560 The House Intelligence Committee has our Worldwide Threats hearing on Wednesday, 0:01:55.600 --> 0:01:56.920 and you bet there's gonna be a lot of questions 0:01:56.960 --> 0:01:57.320 about this. 0:01:57.800 --> 0:01:59.559 Well, it still remains to be seen what will actually 0:01:59.600 --> 0:02:01.960 happen in Congress. If anything, we get more on that 0:02:02.000 --> 0:02:04.760 from Bloomberg New Senior editor Derek Wallbank on. 0:02:04.680 --> 0:02:08.360 The political side, is going to put Congressional Republicans in 0:02:08.480 --> 0:02:10.720 one world of a mind, because they have so far 0:02:10.880 --> 0:02:15.000 in the second Trump administration not had any appetite really 0:02:15.080 --> 0:02:17.760 at all to try and check the White House, as 0:02:17.800 --> 0:02:20.959 the White House has gone about doing exactly what it wants. Remember, 0:02:21.000 --> 0:02:25.320 Republicans have unfettered control of Washington just about and all 0:02:25.400 --> 0:02:31.000 of the Congressional committees that would lead potential investigations into 0:02:31.040 --> 0:02:34.000 something of this nature are run by Republicans. At the 0:02:34.000 --> 0:02:38.720 same time Democrats are braying for consequences, they see an 0:02:38.760 --> 0:02:41.680 opportunity to move on to the front foot politically after 0:02:41.840 --> 0:02:44.080 being really on the back foot for the entirety of 0:02:44.080 --> 0:02:45.440 this administration to date. 0:02:45.919 --> 0:02:49.639 Bloomberg's Derek Wallbank notes even harmless leaks and other agencies 0:02:49.680 --> 0:02:52.840 have led to investigations in the FBI or from Inspectors 0:02:52.880 --> 0:02:54.079 General Nathan. 0:02:54.120 --> 0:02:57.360 Futures are lower after yesterday's big gains on Wall Street. 0:02:57.440 --> 0:02:59.840 Stocks registered one of their best sessions of the year, 0:03:00.000 --> 0:03:02.480 with the Nasdaq one hundred adding two point two percent. 0:03:02.760 --> 0:03:06.200 Amid signs US trade sanctions will be narrower than feared, 0:03:06.520 --> 0:03:09.320 President Trump also hinted that he may give some countries 0:03:09.360 --> 0:03:13.240 a break on impending reciprocal tariffs. We may take less 0:03:13.280 --> 0:03:15.880 than what they're charging because they've charged us so much, I. 0:03:15.840 --> 0:03:16.960 Don't think they could take it. 0:03:17.240 --> 0:03:20.320 In other words, they've charged us so much that I'm 0:03:20.360 --> 0:03:22.880 embarrassed to charge them what they've charged us. 0:03:23.000 --> 0:03:26.120 But it'll be substantial and you'll be hearing about that. 0:03:26.200 --> 0:03:30.600 On April second, intermarkser here on Bloomberg, Trump did say 0:03:30.639 --> 0:03:34.040 he will announce tariffs on automobile imports in the coming days. 0:03:34.160 --> 0:03:36.160 Now, the latest stun efforts to end the war Ukraine, 0:03:36.240 --> 0:03:39.160 karen Us and Russian officials held twelve hours of talks 0:03:39.200 --> 0:03:41.840 in Saudi Arabia yesterday, and the two sides are expected 0:03:41.880 --> 0:03:45.080 to release a statement detailing their progress. Ukraine's President Vladimir 0:03:45.200 --> 0:03:48.320 Zelenski says strong measures will be needed to keep Russia 0:03:48.360 --> 0:03:49.240 on the path of peace. 0:03:50.960 --> 0:03:54.440 We need a movement towards real peace, towards guaranteed security, 0:03:54.720 --> 0:03:57.960 and we all need this in Ukraine and Europe and America, 0:03:58.240 --> 0:04:01.320 everyone in the world who wants peace and international relations. 0:04:01.960 --> 0:04:04.400 Russia is the only entity that is dragging out this 0:04:04.480 --> 0:04:07.360 war and mocking our people and the whole world. And 0:04:07.440 --> 0:04:12.120 to pressure Russia towards peace, strong things, strong steps are needed. 0:04:12.280 --> 0:04:15.400 It was Ukraine's President vladimir's Alenski, speaking through an interpreter. 0:04:15.560 --> 0:04:18.640 Zelenski and President Trump still have not signed a pact 0:04:18.720 --> 0:04:21.640 to give the US part ownership of Ukraine's natural resources. 0:04:22.000 --> 0:04:24.039 Well, we turned to the economy now, Nathan, and the 0:04:24.080 --> 0:04:27.679 head of the Atlanta FED, Rafael Bostick tells Bloomberg's Michael 0:04:27.760 --> 0:04:31.320 McKee that he sees just one rate cuttage likely this 0:04:31.400 --> 0:04:36.119 year rather than cho with tariff's impeding progress on disinflation. 0:04:36.120 --> 0:04:39.200 So I was a too. I moved to one mainly 0:04:39.240 --> 0:04:41.960 because I think we're going to see inflation be very 0:04:42.000 --> 0:04:45.120 bumpy and not moved dramatically and in a clear way 0:04:45.160 --> 0:04:48.239 to the two percent target, because that's being pushed back. 0:04:48.720 --> 0:04:51.480 I think the appropriate path for policy is also going 0:04:51.560 --> 0:04:53.200 to have to be pushed back and getting us to 0:04:53.240 --> 0:04:53.960 that neutral level. 0:04:54.560 --> 0:04:57.760 And Atlanta FED chief Rafael Bosstik now sees price growth 0:04:57.800 --> 0:05:00.560 returning to the Fed's two percent goal one point in 0:05:00.600 --> 0:05:03.640 early twenty twenty seven. Here the full conversation on the 0:05:03.680 --> 0:05:06.479 Bloomberg Talks podcast feed, or watch it on the Bloomberg 0:05:06.520 --> 0:05:08.320 Podcast page on YouTube. 0:05:08.480 --> 0:05:11.680 In company news, Karen Bowing reportedly wants to withdraw its 0:05:11.720 --> 0:05:15.280 deal with US prosecutors to plead guilty to misleading regulators 0:05:15.320 --> 0:05:18.240 prior to two deadly seven thirty seven Max crashes. The 0:05:18.279 --> 0:05:21.039 Wall Street Journal is reporting the Planemaker is pursuing the 0:05:21.080 --> 0:05:24.159 maneuver in a bid for potential leniency from the Trump administration, 0:05:24.240 --> 0:05:27.479 which is reviewing pending white collar criminal cases on. 0:05:27.520 --> 0:05:31.680 The battle for electric vehicle supremacy. Nathan and China's b 0:05:31.839 --> 0:05:37.000 whyd's sales last year leapfrogging elon Musk. Tesla BYD's sales 0:05:37.080 --> 0:05:40.159 last year surpassed the one hundred billion dollar mark, beating 0:05:40.200 --> 0:05:44.000 Tesla by more than two billion. Still, ARC Investment Management's 0:05:44.080 --> 0:05:47.040 Kathy Wood remains bullish on Tesla. She spoke with The 0:05:47.040 --> 0:05:50.880 Bloomberg at the HSBC Global Investment Summit in Hong Kong. 0:05:51.240 --> 0:05:56.760 Within that Drogo taxis will account for ninety percent of 0:05:56.920 --> 0:06:00.480 the value of the company in five years, and we're 0:06:00.480 --> 0:06:04.320 on record on record saying we believe in in five 0:06:04.400 --> 0:06:07.960 years the stock will hit twenty six hundred dollars. 0:06:08.360 --> 0:06:10.960 If Tesla hits Kathy Wood stock price, that would be 0:06:10.960 --> 0:06:17.320 about ten times more than its current price. And it's 0:06:17.360 --> 0:06:18.560 time now for a look at some of the other 0:06:18.640 --> 0:06:20.880 stories making news in New York and around the world, 0:06:20.920 --> 0:06:23.479 and for that we're joined by Bloomberg's Michael Barr Michael, 0:06:23.480 --> 0:06:24.240 good Morning. 0:06:24.040 --> 0:06:27.200 Good morning, Karen. The Trump administration is challenging the court 0:06:27.320 --> 0:06:30.159 order by a federal judge that aimed to halt the 0:06:30.200 --> 0:06:34.719 deportation of Venezuelan migrants to El Salvador. Yesterday, a DC 0:06:35.040 --> 0:06:39.120 Circuit Court of Appeals heard their case. Judge James Boseberg's 0:06:39.240 --> 0:06:43.080 order was not followed by Trump administration officials, and hundreds 0:06:43.080 --> 0:06:46.120 of migrants are at a prison in El Salvador. The 0:06:46.160 --> 0:06:49.800 Trump administration claimed it was justified to porting the migrants 0:06:49.839 --> 0:06:53.240 because of gang affiliations. During the hearing, one of the 0:06:53.320 --> 0:06:57.039 judges on the three judge panel, Patricia Millet Grill DOJ 0:06:57.279 --> 0:07:00.360 Deputy Assistant Attorney General, drew insane. 0:07:00.440 --> 0:07:03.119 People weren't given notice, they weren't told where they were going. 0:07:03.880 --> 0:07:06.359 They were given Those people on those plans on that 0:07:06.440 --> 0:07:11.720 Saturday had no opportunity to file habeas or any type 0:07:11.720 --> 0:07:15.080 of action to challenge the removal under the AEA. And 0:07:15.160 --> 0:07:18.400 like you've agreed that two of those airplanes people were 0:07:18.440 --> 0:07:20.280 removed under the AEA. 0:07:20.440 --> 0:07:23.239 Judge Millard went on to say Nazi's got better treatment 0:07:23.320 --> 0:07:26.840 under the Alien Enemies Act. The United Nations says it 0:07:26.920 --> 0:07:30.240 will lessen its presence in the Gaza strip. The move 0:07:30.360 --> 0:07:33.040 following an Israeli tank strike that hit one of its 0:07:33.080 --> 0:07:36.920 compounds last week, killing one stafford from Bulgaria and wounding 0:07:36.960 --> 0:07:41.880 five other employees. United Nations spokesperson Stefan du Jark. 0:07:42.160 --> 0:07:46.120 The Secretary General has taken the difficult decision to reduce 0:07:46.480 --> 0:07:50.480 the United Nations footprint in Gaza, even as humanitarian needs 0:07:50.480 --> 0:07:55.200 sore and our concerned over the protection of civilians intensifies. 0:07:56.240 --> 0:08:00.200 Meanwhile, Al Jazeera says an Israeli airstrike killed on its 0:08:00.280 --> 0:08:05.120 journalist in Gaza. Monday today marks Equal Payday. It symbolizes 0:08:05.200 --> 0:08:07.800 how far into the year a woman must work to 0:08:08.040 --> 0:08:11.080 earn as much as a man earned in the previous year. 0:08:11.200 --> 0:08:14.080 On average, the wage gap is even greater for women 0:08:14.080 --> 0:08:19.000 of color and disabled women. The gender justice nonprofit Equal 0:08:19.080 --> 0:08:23.440 Rights Advocates says that it's widened last year, and it 0:08:23.560 --> 0:08:26.400 warns that it could get even worse as Trump administration 0:08:26.480 --> 0:08:31.400 officials try to strip away protections from workplace discrimination. National 0:08:31.440 --> 0:08:34.040 campaign director Deborah of Agents, we. 0:08:34.160 --> 0:08:38.240 Are pushing back on the administration's gutting of civil rights 0:08:38.400 --> 0:08:44.240 enforcement agencies, the very agencies that protect us from implant Discrimination. 0:08:44.960 --> 0:08:48.520 National Campaign Director Deborah Veagan says women earn about seventy 0:08:48.520 --> 0:08:51.080 five cents on the dollar when compared to all men. 0:08:51.559 --> 0:08:54.120 Global news twenty four hours a day and whenever you 0:08:54.160 --> 0:08:56.720 want it with Bloomberg News Now Michael Barr, and this 0:08:56.920 --> 0:08:57.559 is Bloomberg. 0:08:57.640 --> 0:08:57.920 Karen. 0:08:58.120 --> 0:09:05.000 All right, Michael Barr, thank you time now for the 0:09:05.040 --> 0:09:08.040 Bloomberg Sports Update, brought to you by Tri State Outie. 0:09:08.080 --> 0:09:10.040 Here's John stash Hour, John, good. 0:09:09.880 --> 0:09:12.240 Morning, Good morning Caring. It's a race to the finish 0:09:12.280 --> 0:09:14.800 of the NHL regular season for the last playoff spot 0:09:14.800 --> 0:09:16.880 in the East. As it now it belongs to Montreal, 0:09:17.040 --> 0:09:20.880 with the Rangers and Islanders right behind. Canadians at seventy 0:09:20.920 --> 0:09:22.880 five points have a game tonight in Saint Louis. The 0:09:22.960 --> 0:09:26.720 Rangers at seventy four. They begin a three game California 0:09:26.760 --> 0:09:29.320 trip tonight in La. The Islanders are at seventy four. 0:09:29.760 --> 0:09:32.319 They hosted Columbus at leeds of two nothing to three 0:09:32.320 --> 0:09:34.599 to two, lost four to three in a shootout. The 0:09:34.640 --> 0:09:36.959 Devil's also at home, also lost four to three in 0:09:37.000 --> 0:09:39.439 a shootout to Vancouver. The Nets at Berkleys lost to 0:09:39.559 --> 0:09:42.120 Dallas one twenty to one oh one. The MAVs are 0:09:42.120 --> 0:09:44.120 at the Garden tonight to face the Knicks, who are 0:09:44.480 --> 0:09:47.240 hoping to get Jalen Brunson back soon for the sprained ankle, 0:09:47.280 --> 0:09:50.880 and the Celtics win at Sacramento, Jason Tatum sprained his 0:09:50.920 --> 0:09:54.040 ankle the NCAA Women's turning the star player for top 0:09:54.080 --> 0:09:58.360 seed at usc Juju Watkins tore her acl She averages 0:09:58.400 --> 0:10:01.080 twenty five points a game. The Yukon Star page. Becker's 0:10:01.440 --> 0:10:03.280 t had a career I thirty four points in the 0:10:03.320 --> 0:10:05.160 huskies easy win. The Mets after a game with the 0:10:05.240 --> 0:10:08.680 Yankees in Fort Saint Lucy, now off to Houston for 0:10:08.760 --> 0:10:12.120 Opening Day Thursday. One Sodo's got a fifteen year Mets contract, 0:10:12.160 --> 0:10:13.840 Excited to start his first season. 0:10:14.480 --> 0:10:16.600 See, we have a really tied the group. 0:10:16.760 --> 0:10:17.760 We have a lot of guys. 0:10:17.800 --> 0:10:19.520 We have a lot of hotfielders, we have a lot 0:10:19.559 --> 0:10:20.160 of anfielders. 0:10:20.200 --> 0:10:21.640 So I think we are. 0:10:21.559 --> 0:10:23.559 Really loaded as a team. 0:10:24.000 --> 0:10:26.040 Can't waiting to see these guys that is going out there. 0:10:27.440 --> 0:10:29.560 Definitely, we have to go through some fat cities and 0:10:29.600 --> 0:10:32.199 the spring training and so dealing with some injuries and 0:10:32.200 --> 0:10:33.880 stuff like that, but I think we're going to be fine. 0:10:34.080 --> 0:10:36.560 The Yankees finished the Spring Today in Miami, then come 0:10:36.600 --> 0:10:40.600 home for Thursday's opener with Milwaukee John Stashaward. Bloomberg Sports 0:10:40.640 --> 0:10:41.480 carry neither. 0:10:43.679 --> 0:10:47.760 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:10:48.000 --> 0:10:50.840 and around the world on Bloomberg dot Com and the 0:10:50.880 --> 0:10:53.959 Bloomberg Business app. This is Bloomberg Daybreak. 0:10:54.120 --> 0:10:56.560 Good morning. I'm Nathan Hager, and the White House appears 0:10:56.600 --> 0:10:59.360 to be in damage control after Atlantic Magazine Editor in 0:10:59.440 --> 0:11:02.839 chief jeff Free Goldberg posted a lengthy story saying he 0:11:03.040 --> 0:11:06.440 was included in a high level text chain about plans 0:11:06.480 --> 0:11:09.400 to attack the Houthis in Yemen. While the Whitehouse says 0:11:09.440 --> 0:11:13.079 the messages in Goldberg's story of pure authentic, Defense Secretary 0:11:13.080 --> 0:11:16.840 Pete Hegseth says, quote, nobody was texting war plans. 0:11:17.240 --> 0:11:20.840 This is the guy the pedals in garbage. What he does. 0:11:21.679 --> 0:11:24.520 I would love to comment on the hoothy campaign, and 0:11:24.559 --> 0:11:27.720 that was Defense Secretary Pete Hegseth commenting in Hawaii after 0:11:27.760 --> 0:11:30.280 this story broke in Washington, and we're joined now by 0:11:30.320 --> 0:11:34.199 Bloomberg New Senior editor Bill Ferries. Bill from what Jeffrey 0:11:34.200 --> 0:11:37.000 Goldberg is reporting in this lengthy story on the Atlantic 0:11:37.040 --> 0:11:39.800 website it is difficult to say if we have seen 0:11:39.840 --> 0:11:41.160 a breach like this before. 0:11:41.240 --> 0:11:43.760 Good morning, Hey, good morning, Nathan. 0:11:43.880 --> 0:11:44.160 Yeah. 0:11:44.200 --> 0:11:49.040 Really just jaw dropping story there from Jeffrey Goldberg, just 0:11:49.280 --> 0:11:53.000 you know, giving insights into how this signal group was 0:11:53.040 --> 0:11:56.880 created and what they were discussing, not realizing that there 0:11:56.960 --> 0:12:01.120 was a journalist invited into the group with them, and 0:12:01.280 --> 0:12:04.120 Goldberg talks about how he wasn't sure if this was 0:12:04.200 --> 0:12:08.640 you know, a hoax and attempt at fishing temp against 0:12:08.720 --> 0:12:12.560 him or something else until he's sitting in the parking 0:12:12.559 --> 0:12:16.360 lot after hearing that strikes are about to be unleashed 0:12:16.360 --> 0:12:19.280 on Yemen and he's waiting and waiting, and then goes 0:12:19.320 --> 0:12:22.880 on to Twitter to see the first reports confirming that 0:12:23.040 --> 0:12:26.880 basically everything he'd been seeing unspool on his signal app 0:12:27.720 --> 0:12:32.680 was true. So really shocking breach of security norms and 0:12:32.720 --> 0:12:36.240 also a huge embarrassment for an administration that has really 0:12:36.320 --> 0:12:39.640 kind of campaigned and tried to well. I was taken 0:12:39.720 --> 0:12:42.280 pride in what it says is it's you know, strong, 0:12:42.800 --> 0:12:46.400 strong position against security breaches. 0:12:46.679 --> 0:12:49.360 I mean yeah, I mean it goes into the idea 0:12:49.440 --> 0:12:51.800 that the Pentagon has said it was going to go 0:12:51.880 --> 0:12:55.199 after leakers the last time there was I mean, there 0:12:55.200 --> 0:12:58.600 wasn't an incident like this. But when details about Elon 0:12:58.720 --> 0:13:01.760 Musk going to the Pentagon a meeting came out, Defense 0:13:01.800 --> 0:13:04.800 Secretary heg Seth came out and said that they were 0:13:04.920 --> 0:13:06.880 going to really go after the leakers. I mean, what 0:13:06.920 --> 0:13:08.559 could that mean for this message? 0:13:09.440 --> 0:13:11.680 Well, it's gonna you know, I think we're still going 0:13:11.760 --> 0:13:14.800 to see the repercussions playing out, you know again, Yeah, 0:13:14.800 --> 0:13:18.439 this administration. You know, this is a president who faced 0:13:18.840 --> 0:13:23.040 charges of mishandling classified material at mar A Lago, who 0:13:23.160 --> 0:13:27.320 ran against Hillary Clinton years ago partly on criticism of 0:13:27.360 --> 0:13:31.880 her decision to use a private server. So it's been 0:13:31.920 --> 0:13:34.480 a part of their DNA to say that they're strong 0:13:34.600 --> 0:13:39.840 on classification and protecting national security. And to see this 0:13:39.920 --> 0:13:43.360 happen with not just senior aids but really the most 0:13:43.400 --> 0:13:46.880 senior aides and Marco Rubio is on their Defense Secretary 0:13:46.920 --> 0:13:50.520 Pete heg Seth, Toulci Gabbard, the d and I it's 0:13:50.600 --> 0:13:53.040 just really stunning, and I think it raises a lot 0:13:53.080 --> 0:13:57.040 of big questions about has this happened before with other 0:13:57.120 --> 0:14:00.839 people who were inadvertently invited into chat group? Why are 0:14:00.840 --> 0:14:06.920 they discussing such sensitive information in a chat app like Signal. 0:14:07.040 --> 0:14:10.240 I don't think it's any secret that Washington officials like 0:14:10.320 --> 0:14:12.920 to use messaging apps, but you typically do it for 0:14:12.960 --> 0:14:18.120 scheduling meetings and other kind of not top secret issues. 0:14:18.480 --> 0:14:21.520 To go into battle plans is something really we haven't 0:14:21.520 --> 0:14:22.040 seen before. 0:14:22.320 --> 0:14:26.080 In the early moments here, Bill, we've seen sort of 0:14:26.080 --> 0:14:30.880 circling the wagons around National Security Advisor Mike Waltz, who 0:14:30.960 --> 0:14:34.320 Goldberg says invited him into this chat. But can we 0:14:34.360 --> 0:14:36.680 see heads roll over this, or at least can we 0:14:36.720 --> 0:14:38.080 see hearings over this? 0:14:39.000 --> 0:14:41.360 I think for sure we're going to see hearings. I mean, 0:14:41.520 --> 0:14:45.040 just by a remarkable stroke of timing. You know, you 0:14:45.120 --> 0:14:49.960 have the heads of the intelligence agencies, including D and 0:14:50.040 --> 0:14:53.200 I Gabbert expected up on the Hill twice this week 0:14:53.280 --> 0:14:56.920 to talk about worldwide threats. But you're right, I think 0:14:56.960 --> 0:14:59.120 there's gonna be a lot of questions about Mike Waltz. 0:14:59.160 --> 0:15:01.960 I think the indications we're getting from the White House 0:15:02.000 --> 0:15:03.920 is that they're going to see how this plays out. 0:15:04.400 --> 0:15:08.360 He's already lasted longer than Donald Trump's first national security 0:15:08.360 --> 0:15:12.280 advisor in his first term, Michael Flynn lasted but This 0:15:12.320 --> 0:15:14.920 is a huge breach by the person who's seen as 0:15:15.160 --> 0:15:19.920 supposed to be really the arbiter of the national security 0:15:20.200 --> 0:15:21.800 agencies for the White House. 0:15:22.080 --> 0:15:24.440 Just thirty seconds left. Bill, What could this mean for 0:15:24.480 --> 0:15:26.600 information sharing among allies? 0:15:27.320 --> 0:15:28.680 Yeah, I think it's going to raise a lot of 0:15:28.760 --> 0:15:32.480 questions among other countries about what they can share and 0:15:32.880 --> 0:15:35.400 with the US whether they can trust it. But the 0:15:35.400 --> 0:15:38.920 reality is other countries, even a European allies, they rely 0:15:39.040 --> 0:15:43.320 a lot more on US intelligence than the US relies 0:15:43.360 --> 0:15:46.040 on them. So it will probably still be in their 0:15:46.040 --> 0:15:47.920 benefit to share info, but I think it's going to 0:15:48.000 --> 0:15:50.240 raise some questions about how much they share. 0:15:50.560 --> 0:15:53.960 This is Bloomberg Daybreak, your morning podcast on the stories 0:15:54.040 --> 0:15:57.120 making news from Wall Street to Washington and beyond. 0:15:57.320 --> 0:15:59.680 Look for us on your podcast feed by six am 0:15:59.720 --> 0:16:03.160 East each morning, on Apple, Spotify, or anywhere else you listen. 0:16:03.400 --> 0:16:06.240 You can also listen live each morning starting at five 0:16:06.280 --> 0:16:08.880 am Wall Street time on Bloomberg eleven three to zero 0:16:09.000 --> 0:16:11.880 in New York, Bloomberg in ninety nine to one in Washington, 0:16:11.960 --> 0:16:15.880 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:16.080 --> 0:16:17.800 XM Channel one twenty one. 0:16:18.040 --> 0:16:20.800 Plus listen coast to coast on the Bloomberg Business App 0:16:20.840 --> 0:16:23.640 now with Apple CarPlay and Android Atto interfaces. 0:16:23.880 --> 0:16:26.880 And don't forget to subscribe to Bloomberg News Now. It's 0:16:26.880 --> 0:16:29.640 the latest news, whenever you want it in five minutes 0:16:29.720 --> 0:16:32.840 or less. Search Bloomberg News Now on your favorite podcast 0:16:32.880 --> 0:16:37.040 platform to stay informed all day long. I'm Karen Moscow. 0:16:36.840 --> 0:16:39.360 And I'm Nathan Hager. Join us again tomorrow morning for 0:16:39.400 --> 0:16:41.320 all the news you need to start your day right 0:16:41.360 --> 0:16:42.600 here on Bloomberg Day. 0:16:42.680 --> 0:16:48.880 Ray