Trump Calls Musk Presidency Talk Hoax; Nissan-Honda Merger

Bloomberg Daybreak: US Edition

On today's podcast:

1) Trump Says Talk He’s Ceded Presidency to Musk Is a ‘Hoax’

2) Panama’s Leader Takes Up Feud With Trump Over Canal Control

3) Honda, Nissan Formalize Merger Talks, Aim to Combine by 2026

See omnystudio.com/listener for privacy information.

2024-12-23 16 min Transcript

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Bloomberg Audio Studios, Podcasts, Radio News. 0:00:09.680 --> 0:00:11.640 Good morning. I'm Nathan Hager and. 0:00:11.560 --> 0:00:14.600 I'm Karen Moscow. Here are the stories we're following today. 0:00:14.840 --> 0:00:17.639 Karen, we begin with politics. With less than a month 0:00:17.720 --> 0:00:20.440 until Donald Trump returns to the White House, the President 0:00:20.480 --> 0:00:24.280 elect is rejecting concerns about the idea of a president 0:00:24.440 --> 0:00:27.760 Elon Musk. More from Bloomberg's Doug Prisner. 0:00:28.120 --> 0:00:31.240 On Sunday, Trump told a conservative audience in Phoenix, he 0:00:31.400 --> 0:00:34.160 will be president of the US, not Elon Musk. 0:00:34.600 --> 0:00:38.000 No, he's not gonna be president. That I can't tell you, 0:00:38.720 --> 0:00:41.360 and I'm safe. You know why he can't. 0:00:41.120 --> 0:00:42.720 Be He wasn't born in this country. 0:00:42.800 --> 0:00:46.720 Ah that Trump would be compelled to address Musk's power 0:00:46.720 --> 0:00:50.880 as testimony to the unusual influence he's already displayed. Musk 0:00:51.000 --> 0:00:53.760 was an early and vocal opponent of a budget compromise 0:00:53.800 --> 0:00:56.880 in Congress last week. Meantime, his appointment to head a 0:00:57.000 --> 0:01:00.560 cost cutting and deregulation effort has brought can plaints of 0:01:00.880 --> 0:01:04.399 conflicts of interest in New York. I'm Doug Prisner, Bloomberg Radio. 0:01:04.640 --> 0:01:07.120 All Right, Doug, thank you well. President elect Trump is 0:01:07.160 --> 0:01:10.360 continuing to fill out his administration He announced at least 0:01:10.360 --> 0:01:13.080 a dozen appointments over the weekend, including key roles in 0:01:13.120 --> 0:01:17.320 defense and crypto policy. He's named billionaire Stephen Feinberg and 0:01:17.440 --> 0:01:20.880 Deputy Secretary of Defense. Feinberg is the co founder of 0:01:20.880 --> 0:01:25.280 Cerberus Capital Management, and his companies have held significant defense contracts. 0:01:25.520 --> 0:01:29.040 Trump has also picked Michael Kratzios to lead the Office 0:01:29.080 --> 0:01:33.120 of Science and Technology Policy. Crazios is the managing director 0:01:33.160 --> 0:01:36.200 of Scale AI and has been helping to staff up 0:01:36.400 --> 0:01:39.559 Elon Musk's Department of Government Efficiency well Karen. 0:01:39.560 --> 0:01:43.240 President elect Trump's trade threats and diplomatic efforts are causing 0:01:43.280 --> 0:01:47.560 some global turmoil. The latest aimed at Panama. Trump is 0:01:47.560 --> 0:01:51.400 claiming the Panama Canal is charging the US exorbitant prices 0:01:51.400 --> 0:01:55.000 and rates of passage, and he's demanding lower fees or else. 0:01:55.400 --> 0:02:01.280 The fees being charged by Panama ridiculous, highly unfair, especially 0:02:01.320 --> 0:02:06.160 knowing the extraordinary generosity that has been bestowed to Panama. 0:02:06.840 --> 0:02:10.639 I say, very foolishly by the United States, this complete 0:02:10.720 --> 0:02:14.040 ripoff of our country will immediately stop. 0:02:15.160 --> 0:02:18.240 The president ellect spoke at a conservative conference in Phoenix 0:02:18.280 --> 0:02:21.440 over the weekend. In a video statement, Panama's president, Jose 0:02:21.639 --> 0:02:25.000 Rowland Molino rebuffed Trump's threat. 0:02:26.480 --> 0:02:29.079 Every square meter of the Panama Canal and its surroundings 0:02:29.160 --> 0:02:32.160 belongs to Panama and will continue to be. The sovereignty 0:02:32.200 --> 0:02:34.680 and the independence of our country are non negotiable. 0:02:35.480 --> 0:02:39.040 Panamanian President Jose Roland Molino spoke there through an interpreter, 0:02:39.160 --> 0:02:42.880 writing on truth Social Trump hit back, saying quote, We'll 0:02:42.919 --> 0:02:43.840 see about that. 0:02:44.160 --> 0:02:46.520 Well, Nathan. The fight over spending in Washington is being 0:02:46.520 --> 0:02:50.000 put on hold for another three months. President Biden as 0:02:50.080 --> 0:02:53.200 shinee stop gap bill that keeps the government running until 0:02:53.240 --> 0:02:56.920 mid March. Senate Democratic Leader Chuck Schumer celebrated after the 0:02:56.919 --> 0:02:59.839 bill passed early Saturday morning by a vote of eighty 0:02:59.840 --> 0:03:00.920 five eleven. 0:03:01.360 --> 0:03:05.640 This is a good bill. It'll keep the government open 0:03:06.880 --> 0:03:12.600 and funds and helps Americans affected by hurricanes and natural disasters, 0:03:13.040 --> 0:03:15.640 helps our farmers, and avoid harmful cuts. 0:03:16.080 --> 0:03:18.920 But the new law does not include a suspension of 0:03:18.960 --> 0:03:21.679 the debt ceiling that President elect Trump demanded. At the 0:03:21.720 --> 0:03:25.640 last minute, Republicans abandoned an earlier bipartisan deal under pressure 0:03:25.639 --> 0:03:28.359 from Trump and Elon Musk and the end. Musk came 0:03:28.360 --> 0:03:30.800 out in support of the final bill. In a post 0:03:30.840 --> 0:03:32.600 on x he wrote that it went from a bill 0:03:32.639 --> 0:03:35.120 that weighed pounds to one that weighed ounces. 0:03:35.720 --> 0:03:38.440 Certain markets. Now Karen get the latest on a big 0:03:38.480 --> 0:03:43.000 combination in the auto industry. Japanese carmakers Honda and Nissan 0:03:43.040 --> 0:03:45.160 have taken their first steps toward creating one of the 0:03:45.200 --> 0:03:49.360 world's largest automakers, signing a basic agreement for merger talks 0:03:49.360 --> 0:03:52.960 with the goal of combining by twenty twenty six. Makato 0:03:53.160 --> 0:03:55.200 Uchida is the CEO of Nissan. 0:03:55.720 --> 0:03:58.440 In order to work together, we need to benefit from 0:03:58.480 --> 0:04:02.240 the huge synergies. Otherwise it wouldn't be meaningful in the 0:04:02.280 --> 0:04:05.360 eyes of the stakeholders. So that is why we agreed 0:04:05.360 --> 0:04:08.600 to start the discussion. That is why we are making 0:04:08.640 --> 0:04:09.760 this announcement today. 0:04:10.000 --> 0:04:13.240 That was Nissan CEO Makoto Chieda, speaking through an interpreter. 0:04:13.360 --> 0:04:17.680 Former Nissan chairman Carlos Gone says he sees tough times 0:04:17.680 --> 0:04:19.200 ahead for the combined company. 0:04:19.520 --> 0:04:23.239 There's no complimentary in the two companies are two Japanese company. 0:04:24.480 --> 0:04:27.839 They are strong in the same fields, they are weak 0:04:28.320 --> 0:04:33.040 in the same fields. Both of them have very developed technologies. 0:04:35.040 --> 0:04:38.560 From an industrial point of view, there is duplication everywhere. 0:04:38.839 --> 0:04:42.200 Former Nissan chairman Carlos goone spoke at the Foreign Correspondence 0:04:42.200 --> 0:04:45.560 Club of Japan. Mitsubishi Motors, which is twenty four and 0:04:45.600 --> 0:04:48.920 a half percent owned by Nissan, also signed the memorandum 0:04:48.920 --> 0:04:51.520 of understanding and is expected to be part of the 0:04:51.680 --> 0:04:52.520 combined group. 0:04:53.040 --> 0:04:55.760 We have more deal news this morning. Nathan Rupert Murdoch's 0:04:55.839 --> 0:04:59.320 News Corp has agreed to sell Foxtowl Group, the sports platform, 0:04:59.400 --> 0:05:02.359 to zone G Group, a deal that values the Australian 0:05:02.360 --> 0:05:06.320 pay television and streaming service at two point one billion dollars. 0:05:06.600 --> 0:05:09.080 Is owned back by billionaire A. Len Blavatnik is a 0:05:09.120 --> 0:05:12.360 prominent player in the broadcast of live sports. 0:05:12.160 --> 0:05:14.480 Here and the US. Karen futures are pointed higher as 0:05:14.520 --> 0:05:17.440 we kick off the holiday shortened trading week. Major stock 0:05:17.480 --> 0:05:20.680 indexes are coming off their worst week since mid November 0:05:20.720 --> 0:05:23.520 after the Fed's decision to be more cautious about cutting 0:05:23.520 --> 0:05:24.680 interest rates next year. 0:05:25.120 --> 0:05:28.880 Royal markets and in Europe, Nathan, the UK economy failed 0:05:28.880 --> 0:05:32.039 to grow in the third quarter. GDP was unchanged in 0:05:32.040 --> 0:05:34.520 the three months through September. That's a downgrade from its 0:05:34.560 --> 0:05:38.000 previous estimate of one to ten percent growth. The figures 0:05:38.080 --> 0:05:40.800 deliver a further blow to Prime Minister Kiir starmer who 0:05:40.839 --> 0:05:44.040 came to power promising to boost jobs and living standards. 0:05:47.600 --> 0:05:48.880 And it's time now for a look at some of 0:05:48.880 --> 0:05:51.000 the other stories making news in New York and around 0:05:51.000 --> 0:05:53.800 the world. And for that we welcome back Michael Barr Michael, 0:05:53.800 --> 0:05:54.640 good morning. 0:05:54.440 --> 0:05:57.320 Good morning, Karen. New York City police say they have 0:05:57.360 --> 0:05:59.880 a suspect in custody in the death of a war 0:06:00.360 --> 0:06:04.360 after a man set her on fire and watched as 0:06:04.440 --> 0:06:07.840 she burned. Police believed the victim may have fallen asleep 0:06:07.880 --> 0:06:11.640 on a subway train before being intentionally lit on fire 0:06:11.839 --> 0:06:15.280 by a man she did not know. Transit police apprehended 0:06:15.320 --> 0:06:19.000 the suspect after receiving a report from three high school 0:06:19.040 --> 0:06:22.320 students who had recognized the man they had seen images 0:06:22.360 --> 0:06:26.560 of him taken from surveillance and police bodycam video and 0:06:26.760 --> 0:06:31.560 widely distributed by authorities. New York City Police Commissioner Jessica. 0:06:31.240 --> 0:06:33.880 Tish, I want to thank the young people who called 0:06:33.960 --> 0:06:35.000 nine to one one to help. 0:06:35.400 --> 0:06:38.799 They saw something, and they said something, and they did something. 0:06:39.240 --> 0:06:44.039 MTA Chief Security Officer Michael Kemper says cameras now in 0:06:44.200 --> 0:06:46.480 every subway car is a game changer. 0:06:46.839 --> 0:06:51.200 It offered detectives immediately answers to questions that they had 0:06:51.279 --> 0:06:51.960 what happened. 0:06:52.680 --> 0:06:56.440 Police believed the suspect, who has not been identified, arrived 0:06:56.440 --> 0:06:59.960 in the US from Guatemala in twenty eighteen. The range 0:07:00.120 --> 0:07:03.520 meant of the man accused of killing United Healthcare CEO 0:07:03.640 --> 0:07:07.840 Brian Thompson is expected later today now that he's back 0:07:07.880 --> 0:07:11.400 in New York. Prosecutors said twenty six year old Luigi 0:07:11.440 --> 0:07:17.240 Mangioni's handwritten notes express hostility towards the health insurance industry 0:07:17.640 --> 0:07:22.040 and wealthy executives in particular. Authorities said the notebook describes 0:07:22.080 --> 0:07:25.840 and intent to whack the CEO of one of the 0:07:25.880 --> 0:07:30.360 insurance companies at its investor conference. There's word a big 0:07:30.400 --> 0:07:33.480 report is expected to be released today in Washington. According 0:07:33.480 --> 0:07:36.960 to CBS, the House Ethics Committee is expected to release 0:07:36.960 --> 0:07:41.480 its report on former Florida Congressman Matt Gates. The investigation 0:07:41.640 --> 0:07:46.440 focused on allegations of sexual misconduct and obstruction. Gates has 0:07:46.480 --> 0:07:50.480 repeatedly denied any wrongdoing. If you are traveling for the holiday, 0:07:50.560 --> 0:07:55.720 expect crowd delays and traffic at LaGuardia Airport. The TSA 0:07:55.760 --> 0:08:00.560 expects to screen forty million passengers between December ninetheenth and 0:08:00.720 --> 0:08:04.560 January second. The terminals are full. 0:08:04.600 --> 0:08:07.160 I mean, I've never seen them that full before. 0:08:07.560 --> 0:08:10.320 That's a six point two percent high from last year. 0:08:10.480 --> 0:08:14.280 On the roads, Triple A expects ninety percent of the 0:08:14.320 --> 0:08:17.560 travelers drive to their destinations. That's about one hundred and 0:08:17.560 --> 0:08:21.680 seven million for those taking the train. Amtrak temporarily suspended 0:08:21.680 --> 0:08:25.000 their Northeast Corridor line from Philadelphia to New York on 0:08:25.160 --> 0:08:28.840 Sunday morning due to down power lines, and there are 0:08:28.920 --> 0:08:32.800 still problems. Today. Global News twenty four hours a day 0:08:32.920 --> 0:08:35.199 and whenever you want it, it's at the Bloomberg News. Now, 0:08:35.280 --> 0:08:37.680 I'm Michael Barr, and this is Bloomberg Carrot. 0:08:37.760 --> 0:08:44.400 All right, Michael Barr, thank you time now for the 0:08:44.400 --> 0:08:47.439 Bloomberg Sports Update, brought to you by Tri State Audie. 0:08:47.440 --> 0:08:48.520 Here's Dan Schwartzman. 0:08:48.640 --> 0:08:51.640 Dan, good morning, Good morning, Karrot and Nathan Jane's setting 0:08:51.679 --> 0:08:54.600 a franchise record for futility with their tenth loss in 0:08:54.640 --> 0:08:55.000 a row. 0:08:56.080 --> 0:09:00.880 To give to Robinson to cutback, Robinson bouncing outside, Ronson 0:09:02.120 --> 0:09:04.719 keep falling into the inn so to the touchdown. 0:09:05.920 --> 0:09:08.920 That's courtesy of Fox Sports. Giants lose to rookie quarterback 0:09:09.000 --> 0:09:12.080 Michael Pennix and the Falcons thirty four to seven in Atlanta, 0:09:12.440 --> 0:09:14.839 Drew Locke struggling, throwing for two hundred and ten yards 0:09:14.840 --> 0:09:17.440 with a touchdown in two interceptions, both by the Way 0:09:17.480 --> 0:09:20.559 returned by Atlanta for touchdowns. Giants right now hold the 0:09:20.559 --> 0:09:23.040 first pick in the NFL draft with a league worst 0:09:23.080 --> 0:09:26.080 record of two and thirteen. Meanwhile, the Jets lose their 0:09:26.080 --> 0:09:28.240 eleventh game of the season, falling to the Rams at 0:09:28.280 --> 0:09:31.800 MetLife nineteen to nine, Los Angeles outscoring the Jets thirteen 0:09:31.800 --> 0:09:34.600 to nothing in the fourth quarter. Jets lose despite allowing 0:09:34.679 --> 0:09:38.520 just one hundred and ten passing yards to Matthew Stafford. Elsewhere, 0:09:38.520 --> 0:09:41.520 the Commander's ending the Eagles ten game winning streak, knocking 0:09:41.559 --> 0:09:44.320 off Philly thirty six to thirty three, while the Bills 0:09:44.320 --> 0:09:47.679 outlast the Patriots twenty four to twenty one. The Mets 0:09:47.760 --> 0:09:50.040 bringing back starter Shawn men Iyah with a three year, 0:09:50.160 --> 0:09:53.280 seventy five million dollar deal. The lefty went twelve and 0:09:53.360 --> 0:09:55.400 six last year at the Mets with a three point 0:09:55.400 --> 0:09:59.520 four to seven ERA, and the NHL Rangers continue to struggle. 0:09:59.520 --> 0:10:02.640 The fault the Carolina Hurricanes three to one. Elsewhere, the 0:10:02.640 --> 0:10:05.760 Capital is knocking off the Los Angeles Kings three to one, 0:10:06.040 --> 0:10:08.679 Tiger Woods and his fifteen year old son Charlie finishing 0:10:08.760 --> 0:10:12.360 second and a thrilling PNC championship as Bernhard Longer hit 0:10:12.400 --> 0:10:14.880 an eighteen foot eagle putt in a playoff to win 0:10:14.920 --> 0:10:17.079 the event with his son Jason for a second straight 0:10:17.160 --> 0:10:20.840 year with different sons. Charlie Woods meanwhile hitting his first 0:10:20.840 --> 0:10:23.960 hole in one at the par three fourth hole. That's 0:10:24.000 --> 0:10:27.760 your Bloomberg Sports Update. I'm Dan Schwartzman, Karen and Nathan. 0:10:29.800 --> 0:10:33.920 Coast to Coast on Bloomberg Radio nationwide on Sirius XM, 0:10:34.000 --> 0:10:36.920 and around the world on Bloomberg dot com and the 0:10:36.960 --> 0:10:38.160 Bloomberg Business app. 0:10:38.400 --> 0:10:42.280 This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. After 0:10:42.360 --> 0:10:46.040 last week's drama over government spending in Washington, d C. 0:10:46.280 --> 0:10:49.880 And the shutdown averted, President like Donald Trump is hitting 0:10:49.920 --> 0:10:53.520 back at what he calls the latest political hoax against him. 0:10:53.720 --> 0:11:00.160 President Trump has seeded the president's he to Elon Musk. No, no, oh, 0:11:01.240 --> 0:11:02.320 that's that happening. 0:11:02.880 --> 0:11:05.920 The President elect spoke at a conservative turning Point conference 0:11:05.960 --> 0:11:08.600 in Phoenix, Arizona, over the weekend after his last minute 0:11:08.640 --> 0:11:10.880 bid to lift the debt ceiling as part of a 0:11:10.880 --> 0:11:14.800 stop gap spending bill backed by himself and Elon Musk 0:11:14.840 --> 0:11:17.800 also turned out to be not happening. For more, we're 0:11:17.840 --> 0:11:21.640 joined by Terry Haynes, the founder of Pangaea Policy. Terry, 0:11:22.160 --> 0:11:24.720 good morning. What does it tell you that the president 0:11:24.800 --> 0:11:28.520 elect even has to address this subject, the idea that 0:11:28.720 --> 0:11:31.959 Elon Musk has so much influence over his incoming administration 0:11:32.080 --> 0:11:33.920 that he might as well be president himself? 0:11:33.960 --> 0:11:38.199 Good morning, Good morning, Nathan, And yeah, I think it's 0:11:38.600 --> 0:11:42.240 it's something he'd rather not be talking about. Trump has 0:11:41.960 --> 0:11:46.800 this habit, and one of the habits is letting people 0:11:47.800 --> 0:11:50.600 run unsupervised for a while and maybe a little bit 0:11:50.640 --> 0:11:53.000 too long, and he ends up reeling them back in 0:11:53.080 --> 0:11:56.760 as he's done. But the damage is done, and the 0:11:56.840 --> 0:12:02.880 damage here is not small, frankly, because he's fractured. Musk 0:12:02.960 --> 0:12:07.120 has trastured Trump's relations with congressional Republicans and frankly, some 0:12:07.160 --> 0:12:11.280 Democrats who might support Trump on taxes, spending, and nominees 0:12:11.600 --> 0:12:14.800 even before he's taken office. That's about the least productive 0:12:14.840 --> 0:12:16.760 thing Musk could have done. 0:12:17.960 --> 0:12:20.520 So do you expect Elon Musk to continue to have 0:12:20.600 --> 0:12:23.920 the kind of influence that he's had during the transition 0:12:24.200 --> 0:12:26.800 after President Trump takes office. 0:12:27.800 --> 0:12:32.160 My instinct is that Busk and Ramaswami will continue through 0:12:32.800 --> 0:12:36.760 the Doge initiative to be out there and around. But 0:12:36.800 --> 0:12:41.680 I do expect his influence, his external influence, to be 0:12:41.720 --> 0:12:49.720 somewhat circumscribed. You know, there's famous people, rich people, rich 0:12:49.760 --> 0:12:54.800 and famous people tend to think that sometimes that they're 0:12:54.840 --> 0:12:59.480 every utterance is important, and it's not. And this is 0:12:59.720 --> 0:13:02.400 a lesson that I think Musk is learning to some extent, 0:13:02.840 --> 0:13:05.520 and to some extent, I think Trump's probably imposing that 0:13:05.679 --> 0:13:08.880 lesson upon him. So I don't expect him to be 0:13:09.720 --> 0:13:13.000 to be any less out there. I do expect him 0:13:13.000 --> 0:13:15.480 to be somewhat less influential and frankly, stay in his 0:13:15.480 --> 0:13:16.520 own lane a little bit more. 0:13:16.840 --> 0:13:22.440 Although interestingly, the utterances that we're hearing now from Elon 0:13:22.559 --> 0:13:25.960 Musk include a new post on X this morning going 0:13:26.000 --> 0:13:29.560 after staffing at the Federal Reserve. I wonder what you 0:13:29.600 --> 0:13:33.520 make of that, Whether we could see threats to FED 0:13:33.559 --> 0:13:36.520 independence under an Income Trump administration. 0:13:37.280 --> 0:13:39.640 Well, you know, markets, I'll see that all the time, 0:13:39.640 --> 0:13:41.880 and I spend a lot of time talking about it 0:13:41.880 --> 0:13:47.280 with you and others, And you know, the administration does 0:13:47.320 --> 0:13:50.400 not understand frankly that the FED is not a fourth 0:13:50.440 --> 0:13:52.360 branch of government, and the FED is not part of 0:13:52.440 --> 0:13:56.359 the White House. The FED is a creation of Congress. 0:13:56.559 --> 0:14:02.520 It exercises Congressional power over the over the monetary supply 0:14:02.679 --> 0:14:07.080 and regulation around it. And you know, frankly, it's not 0:14:07.160 --> 0:14:09.520 up to the President and certainly not up to mister 0:14:09.640 --> 0:14:15.679 Musk's dosee initiative to suggest staffing levels at an agency that, 0:14:16.480 --> 0:14:19.720 frankly is Congress is not the president's. I expect he'll 0:14:19.800 --> 0:14:21.600 learn that down the road. 0:14:22.640 --> 0:14:24.960 And I wonder what you make as well of the president, 0:14:25.160 --> 0:14:29.040 like going after Panamon now, the fees at the Panama Canal, 0:14:29.120 --> 0:14:33.280 and even this morning reviving the idea of the United 0:14:33.360 --> 0:14:39.200 States buying Greenland. A lot of talk about global policy 0:14:40.160 --> 0:14:43.000 with less than a month to go until Donald Trump 0:14:43.040 --> 0:14:44.000 retakes the White. 0:14:43.760 --> 0:14:47.400 House, I spend a lot of time with markets talking 0:14:47.440 --> 0:14:53.600 about geopolitics and geopolitical risk. And the one thing you 0:14:53.600 --> 0:14:57.280 should take from all that, and you summarized it very well, 0:14:57.880 --> 0:15:04.960 is that is that defense spending, defense posture, geopolitical risk 0:15:05.040 --> 0:15:06.600 is going to be much more part of the Trump 0:15:06.640 --> 0:15:10.160 administration than I think markets appreciate right now. What the 0:15:10.200 --> 0:15:15.480 Panama and Greenland initiatives have in common, frankly, is that 0:15:16.800 --> 0:15:20.000 what we're talking about really is a defense perimeter for 0:15:20.040 --> 0:15:24.280 the United States and in both the Atlantic and the Pacific, 0:15:24.600 --> 0:15:29.760 and in particular warning the Chinese off controlling the Panama Canals. 0:15:29.800 --> 0:15:35.120 There's some sort of friendly arrangement with Panama, and so 0:15:35.200 --> 0:15:37.680 that is a precursor, I think to a much more 0:15:37.720 --> 0:15:41.720 aggressive defense posture in a way that might discomfit markets 0:15:41.760 --> 0:15:42.240 a little bit. 0:15:42.560 --> 0:15:45.960 This is Bloomberg Daybreak, your morning podcast on the stories 0:15:46.040 --> 0:15:49.080 making news from Wall Street to Washington and beyond. 0:15:49.320 --> 0:15:51.720 Look for us on your podcast feed by six am 0:15:51.760 --> 0:15:55.160 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:15:55.360 --> 0:15:58.200 You can also listen live each morning starting at five 0:15:58.240 --> 0:16:00.960 am Wall Street time on Bloomberg eleven three to zero 0:16:00.960 --> 0:16:03.880 in New York, Bloomberg in ninety nine to one in Washington, 0:16:03.920 --> 0:16:07.880 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:08.080 --> 0:16:09.640 XM Channel one twenty one. 0:16:10.040 --> 0:16:12.760 Plus listen coast to coast on the Bloomberg Business app 0:16:12.800 --> 0:16:15.600 now with Apple CarPlay and Android Atto interfaces. 0:16:15.840 --> 0:16:18.880 And don't forget to subscribe to Bloomberg News Now. It's 0:16:18.880 --> 0:16:21.600 the latest news whenever you want it in five minutes 0:16:21.720 --> 0:16:24.840 or less. Search Bloomberg News Now on your favorite podcast 0:16:24.880 --> 0:16:29.040 platform to stay informed all day long. I'm Karen Moscow. 0:16:28.800 --> 0:16:29.800 And I'm Nathan Hager. 0:16:29.960 --> 0:16:32.000 Join us again tomorrow morning for all the news you 0:16:32.040 --> 0:16:34.600 need to start your day right here on Bloomberg Day 0:16:34.640 --> 0:16:34.800 Ray

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