Trump's Controversial Attorney General Pick; NYC Revives Congestion Pricing

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:09.720 --> 0:00:10.280 Good morning. 0:00:10.320 --> 0:00:13.119 I'm Nathan Hager and I'm Karen Moscow. Here are the 0:00:13.160 --> 0:00:14.640 stories we're following today. 0:00:14.840 --> 0:00:18.240 Karen, we begin with politics and the Trump transition. President 0:00:18.360 --> 0:00:22.280 like Donald Trump is nominating Florida Representative Matt Gates to 0:00:22.320 --> 0:00:25.680 be his Attorney general. We get more from Bloomberg's Doug Prisner. 0:00:25.960 --> 0:00:29.320 The choice reflects Trump's aim to overhaul the justice departments 0:00:29.360 --> 0:00:33.239 and carry out his agenda on immigration, crime, and social issues. 0:00:33.640 --> 0:00:35.800 Gates has been a steady ally of Trump since he 0:00:35.880 --> 0:00:39.000 left the White House. The Florida Republican representative is the 0:00:39.040 --> 0:00:43.320 subject of a House inquiry into allegations of sexual misconduct. 0:00:43.640 --> 0:00:48.000 He promptly resigned from Congress, effectively ending that investigation. Gates 0:00:48.040 --> 0:00:51.520 has denied wrongdoing. When asked by reporters about the choice, 0:00:51.560 --> 0:00:54.840 Senator John Corne of Texas said, I'm trying to absorb 0:00:54.920 --> 0:00:58.600 all this. Another Republican, Lisa Murkowski of Alaska, said she 0:00:58.680 --> 0:01:01.680 doesn't believe Gates is a serious candidate for the post. 0:01:02.200 --> 0:01:04.280 In New York, I'm Doug Prisner, Bloomberg Radio. 0:01:04.520 --> 0:01:07.520 All right, Doke, thank you all. Matt Gates's nomination maybe 0:01:07.560 --> 0:01:12.160 overshadowing some of President elect Trump's other cabinet pigs. Telsea Gabber, 0:01:12.319 --> 0:01:16.560 the former Democratic congressman from Hawaii turned Republican, is Trump's 0:01:16.560 --> 0:01:19.880 pick to be Director of National Intelligence. Gabert is an 0:01:19.880 --> 0:01:23.360 Iraq War veteran and has been skeptical of support for Ukraine, 0:01:23.520 --> 0:01:26.720 but she does not have direct experience in the intelligence community, 0:01:26.959 --> 0:01:30.480 and Trump has confirmed her name Florida Senator Marco Rubio 0:01:30.560 --> 0:01:34.400 as his Secretary of State. Rubio is a longtime Shina critic, 0:01:34.440 --> 0:01:36.880 and his call for bringing the Ukraine War to a 0:01:36.959 --> 0:01:38.040 quick end well Karen. 0:01:38.080 --> 0:01:40.960 Trump has yet to pick a nominee for Treasury Secretary, 0:01:40.959 --> 0:01:43.839 but the Wall Street Journal is reporting Howard Lutnick wants 0:01:43.880 --> 0:01:46.760 the job. The paper says the Cancer FitzGeralds CEO has 0:01:46.840 --> 0:01:50.440 gone directly to the President elect about the position. Lutnick 0:01:50.680 --> 0:01:54.040 was the co chair of Trump's transition team, Nathan. 0:01:54.120 --> 0:01:57.120 President Elect Trump could have a much easier time enacting 0:01:57.160 --> 0:02:01.120 his agenda with Republicans maintaining their hold the House majority. 0:02:01.360 --> 0:02:04.120 The GOP secured the two hundred and eighteenth seat it 0:02:04.240 --> 0:02:08.200 needed with a win in Arizona. Republican one Ciscomanni won 0:02:08.280 --> 0:02:11.960 re election against the Democrat Kirsten Engele and the sixth 0:02:12.040 --> 0:02:14.880 District forty nine point six percent to forty seven point 0:02:14.919 --> 0:02:18.400 nine percent. Nine House races are still left to be decided, 0:02:18.400 --> 0:02:20.600 but they won't be enough for Democrats to take over 0:02:20.639 --> 0:02:23.560 the Chamber. And while a GOP majority in the Senate 0:02:23.639 --> 0:02:26.440 is assured, at least one race there is headed for 0:02:26.520 --> 0:02:29.560 a recount. The Associated Press has called the race in 0:02:29.600 --> 0:02:33.120 Pennsylvania for Republican Dave McCormick. The Democratic can come and 0:02:33.160 --> 0:02:36.520 Bob Casey is not conceded. McCormick leads the race by 0:02:36.560 --> 0:02:40.200 four tenths of one percent. Anything below a half percent 0:02:40.280 --> 0:02:41.880 triggers an automatic recount. 0:02:42.080 --> 0:02:45.680 Well, all these latest developments care income as the president's elect, 0:02:45.720 --> 0:02:49.080 Donald Trump and met with President Biden at the White House, 0:02:49.120 --> 0:02:51.920 and they made a brief statement before reporters. 0:02:51.840 --> 0:02:56.760 Looking forward to having likely said, it's both transition to everything. 0:02:56.840 --> 0:03:00.160 We can make sure you're accommodator what you need. I'm 0:03:00.120 --> 0:03:01.840 good chance to talk across on out today. 0:03:01.880 --> 0:03:05.560 It's good, welcome, Thank you, Mary jay Man, thank you 0:03:05.680 --> 0:03:11.240 very much. And politics is tough, and it's many cases 0:03:11.320 --> 0:03:14.000 not a very nice world, but it is a nice 0:03:14.000 --> 0:03:17.520 world today. And I appreciate very much a transition that's 0:03:17.560 --> 0:03:19.919 so smooth. It'll be as smooth as. 0:03:19.800 --> 0:03:20.320 You can get. 0:03:20.520 --> 0:03:24.200 And I very much appreciate that you you are all. 0:03:24.240 --> 0:03:26.320 The face to face meeting in the Oval Office was 0:03:26.400 --> 0:03:29.680 preceded by President elect Trump appearing at an event in Washington, 0:03:29.720 --> 0:03:32.880 where he told House Republicans it's quote nice to. 0:03:32.880 --> 0:03:36.680 Win, well Nathan. Earlier this week, Trump tapped Elon Musk 0:03:36.760 --> 0:03:40.160 to help had a new project to clear away government inefficiencies. 0:03:40.360 --> 0:03:43.640 Critics say he's a conflict have Musk, who runs six companies, 0:03:43.640 --> 0:03:48.040 including Tesla and SpaceX, to be involved in the administration. 0:03:48.240 --> 0:03:51.320 Former Speaker of the House Kevin McCarthy disagrees. 0:03:51.200 --> 0:03:55.720 Elon doesn't benefit from government. America has benefited from Elon, 0:03:56.040 --> 0:03:59.560 and for Elon to sacrifice his time away from business 0:03:59.560 --> 0:04:02.240 because he cares about a country that opened up those 0:04:02.360 --> 0:04:04.960 arms that he immigrated to that we are so proud of, 0:04:05.120 --> 0:04:07.440 doesn't matter where you stood in the political spectrum. But 0:04:07.480 --> 0:04:09.520 when you watched in the middle of the campaign that 0:04:09.560 --> 0:04:12.440 Elon sent a rocket to space reusable, came back and 0:04:12.480 --> 0:04:15.120 grabbed it, and nobody else in the world can do it. 0:04:15.280 --> 0:04:18.640 And that wasn't government, that was SpaceX so the people 0:04:18.640 --> 0:04:21.640 who benefit is American from Elon, is not the other 0:04:21.640 --> 0:04:22.200 way around. 0:04:22.400 --> 0:04:25.240 Kevin McCarthy made the comments in an interview with Bloomberg 0:04:25.279 --> 0:04:27.560 at the Barclays Asia Forum in Singapore. 0:04:27.720 --> 0:04:29.880 Well care in some of the biggest beneficiaries of Trump's 0:04:29.920 --> 0:04:33.840 wind have been bitcoin investors. The digital coin is holding 0:04:33.880 --> 0:04:38.080 above ninety one thousand dollars this morning. Michael Novogratz is 0:04:38.120 --> 0:04:41.039 the billionaire head of crypto investment firm Galaxy Digital. 0:04:41.279 --> 0:04:46.200 We're seeing something globally. When Trump advocated in Nashville that 0:04:46.279 --> 0:04:49.360 he was going to be a crypto president, a bitcoin president, 0:04:49.960 --> 0:04:52.400 and now he's the president. Let me tell you, other 0:04:52.480 --> 0:04:56.880 leaders heard that, and so I think we're strapping in 0:04:56.960 --> 0:04:58.480 for what could be an amazing rally. 0:04:58.600 --> 0:05:02.080 Michael novagrats of Galaxy Digital says there's a low likelihood 0:05:02.080 --> 0:05:04.800 that the US would set up a bitcoin strategic reserve, 0:05:04.880 --> 0:05:08.200 as Trump has proposed, but if one is established, novograt 0:05:08.240 --> 0:05:11.679 says bitcoin could rise to five hundred thousand dollars. 0:05:12.040 --> 0:05:14.919 Well, Nathan wall Straight aways another key reading on inflation. 0:05:15.120 --> 0:05:18.039 Today we get producer prices for October at eight thirty 0:05:18.080 --> 0:05:21.600 am Wall Street time. Yesterday, we heard the core consumer 0:05:21.640 --> 0:05:24.200 price index increase three tenths of up percent for a 0:05:24.279 --> 0:05:27.479 third month. In an interview with Bloomberg minutes after the 0:05:27.520 --> 0:05:31.560 CPI release, Minneapolis Fed President Neil Kashkari said it would 0:05:31.600 --> 0:05:34.880 take an upside surprise and inflation to derail the rate 0:05:34.920 --> 0:05:35.479 cut path. 0:05:35.920 --> 0:05:38.080 Right now, I think that inflation has had in the 0:05:38.120 --> 0:05:38.599 right direction. 0:05:39.000 --> 0:05:40.480 I've got confidence about. 0:05:40.200 --> 0:05:41.599 That, but we need to wait. 0:05:41.680 --> 0:05:43.080 We've got another month. 0:05:42.920 --> 0:05:45.280 Or six weeks of data to analyze before we make 0:05:45.320 --> 0:05:46.040 any decisions. 0:05:46.279 --> 0:05:49.479 Minneapolis Fed President Neil Cashgary added it would be difficult 0:05:49.520 --> 0:05:52.479 for the labor market to heat up substantially between now 0:05:52.520 --> 0:05:55.640 and the December meeting. And a programming note, FED Chair 0:05:55.760 --> 0:05:58.480 J Powell speaks in a conversation who stood by the 0:05:58.560 --> 0:06:01.400 Dallas Fed Later today. You can hear those are marks 0:06:01.440 --> 0:06:04.360 live at three pm Wall Street Time on Bloomberg Radio 0:06:04.640 --> 0:06:08.080 and the Bloomberg Podcast page on YouTube Now. 0:06:08.200 --> 0:06:10.279 Listen up if you're making your way into New York 0:06:10.320 --> 0:06:13.640 City this morning. The plan to cut traffic by charging 0:06:13.760 --> 0:06:18.360 drivers to enter Manhattan streets is back on track. Bloomberg's 0:06:18.400 --> 0:06:21.080 John Tucker's here with more. John, what do we need 0:06:21.120 --> 0:06:21.560 to know. 0:06:21.880 --> 0:06:25.200 Well, Nathan, Governor Kathy Hochels said to announce details of 0:06:25.240 --> 0:06:30.120 the revised congestion pricing plan today. It'll cost motorists nine 0:06:30.200 --> 0:06:33.680 dollars instead of the originally planned fifteen to get into 0:06:33.720 --> 0:06:36.760 the city below sixtieth Street. Now, Advocates in favor of 0:06:36.800 --> 0:06:39.200 the controversial plan hope to see a take effect before 0:06:39.279 --> 0:06:43.560 President like Trump can quash it. Opponents like Republican Congressman 0:06:43.720 --> 0:06:47.360 Nicole Malatakis trying to block the governor's plan. 0:06:47.800 --> 0:06:48.599 Look for every. 0:06:48.560 --> 0:06:53.280 Legal and legislative avenue to stop congestion pricing. And we 0:06:53.960 --> 0:06:58.720 think it's very cynical that she paused it just so 0:06:58.880 --> 0:07:01.120 she could try to help the Democrats in an election, 0:07:01.560 --> 0:07:03.440 and now has brought it back and is trying to 0:07:03.520 --> 0:07:06.360 jam it through before President Trump takes office. 0:07:06.720 --> 0:07:09.200 Now, Hokeel needs to act fast. The new plan requires 0:07:09.279 --> 0:07:12.360 the federal government to approve the revised tooling structure and 0:07:12.560 --> 0:07:16.880 also sign a value Pricing Pilot Program agreement. Donald Trump 0:07:16.960 --> 0:07:20.280 said he'd terminate congestion pricing in his first week back 0:07:20.320 --> 0:07:23.560 at the White House, New York. I'm John Tucker Bloomberg Radio. 0:07:27.160 --> 0:07:28.480 And it's time now for a look at some of 0:07:28.480 --> 0:07:31.200 the other stories making news in New York and around 0:07:31.240 --> 0:07:33.480 the world. And for that rejoined by Bloomberg to Amy 0:07:33.520 --> 0:07:34.960 Morris Amy, good morning. 0:07:34.840 --> 0:07:38.040 Good morning Karen. An unprecedented shakeup at the Pentagon as 0:07:38.080 --> 0:07:41.280 reportedly in the works. Reuters as reporting members of President 0:07:41.320 --> 0:07:44.920 elect Trump's transition team are making a list of military 0:07:44.960 --> 0:07:48.320 officers to be fired, with sources saying the shakeup could 0:07:48.320 --> 0:07:50.880 include the Joint chiefs of Staff now. One of those 0:07:50.960 --> 0:07:54.640 sources says the incoming administration will likely focus on military 0:07:54.680 --> 0:07:57.920 officers those who were connected to Mark Milly, the former 0:07:58.000 --> 0:08:00.480 chairman of the Joint Chiefs of Staff under Don Trump. 0:08:00.800 --> 0:08:03.640 Former Secretary of State John Kerrey says the incoming Trump 0:08:03.680 --> 0:08:06.680 administration can take advantage of the work that the Biden 0:08:06.760 --> 0:08:09.880 administration has done regarding the conflict in the Middle East. 0:08:10.160 --> 0:08:12.320 Carrie tells Bloomberg that a lot of the work was 0:08:12.360 --> 0:08:15.440 already being done to bring Saudi Arabia to the table 0:08:15.520 --> 0:08:16.800 to recognize Israel. 0:08:17.080 --> 0:08:20.960 It depends hugely, if not entirely, on how you approach 0:08:21.040 --> 0:08:23.880 the question of Gaza, how you begin to deal with 0:08:24.480 --> 0:08:29.520 Palestinian future. And there's a lot to Nibilon, but it 0:08:29.720 --> 0:08:32.960 is a table that has been said for negotiation. 0:08:33.440 --> 0:08:36.600 Former Treasurer Secretary of State John Kerrey on the sideline 0:08:36.600 --> 0:08:40.480 of the Barclays Asia Forum in Singapore. Israel's Special Envoy 0:08:40.520 --> 0:08:43.840 for Climate Change and Sustainability says he hopes Donald Trump's 0:08:43.840 --> 0:08:46.400 second term in office will lead to more cooperation on 0:08:46.480 --> 0:08:51.040 climate issues. Bloomberg's Jomani Versecci sat down with Ambassador Gideon Behar. 0:08:51.360 --> 0:08:54.120 There have so many challenges in the region that they 0:08:54.320 --> 0:08:58.960 dissolved handling them met together like what skeat City, like 0:08:59.040 --> 0:09:02.599 footsecre with the and more. And we hopefullyly that we 0:09:02.840 --> 0:09:05.520 time will be able to move into more closure co. 0:09:05.440 --> 0:09:07.000 Operation in the region. 0:09:07.200 --> 0:09:10.920 Israel Special Envoy Ambassador Gideon Bahar, speaking with Bloomberg at 0:09:10.920 --> 0:09:15.000 the Climate Change Summit in Azerbaijan. And we are expecting 0:09:15.040 --> 0:09:18.240 today the annual update by the Climate Action Tracker, which 0:09:18.280 --> 0:09:21.160 finds global warming projections for twenty one hundred have not 0:09:21.240 --> 0:09:24.040 improved for the past three years. Bill hare is CEO 0:09:24.160 --> 0:09:27.280 of Climate Analytics, one of the organizations behind the project. 0:09:27.400 --> 0:09:30.320 This is something that governments could change if they had 0:09:30.320 --> 0:09:30.679 the will to. 0:09:31.240 --> 0:09:34.079 Climate scientists warn the Earth is on a path toward 0:09:34.120 --> 0:09:37.880 warming by two point seven degrees Celsius. Global News twenty 0:09:37.880 --> 0:09:39.840 four hours a day and whenever you want it with 0:09:39.880 --> 0:09:40.680 Bloomberg News. 0:09:40.679 --> 0:09:40.959 Now. 0:09:41.240 --> 0:09:43.839 I'm Mammy Morris and this is Bloomberg Karen and. 0:09:43.800 --> 0:09:50.760 Nathan all Right, Amy, thank you time now for the 0:09:50.800 --> 0:09:53.960 Bloomberg Sports update. Bronti you by try state Houdi. Here's 0:09:54.000 --> 0:09:55.960 John stash Hour, John all. 0:09:55.920 --> 0:09:58.360 Right, Karen Nixon Bulls at the Garden and for much 0:09:58.360 --> 0:10:01.680 of the night the crowd was silent. Chicago was dominating, 0:10:01.760 --> 0:10:04.080 had a twenty two point lead with less than four 0:10:04.080 --> 0:10:06.200 minutes to go in the third quarter, and suddenly the 0:10:06.280 --> 0:10:08.839 Knicks woke up. Finished the quarter on a seventeen to 0:10:08.920 --> 0:10:11.760 nothing run. They took the lead, but with three seconds left, 0:10:12.080 --> 0:10:15.120 Josh Hart fouled the Bulls Kobe White on a three pointer. 0:10:15.200 --> 0:10:17.920 He made all three. Chicago was up by one. The 0:10:18.000 --> 0:10:19.439 Knicks had the last. 0:10:19.160 --> 0:10:23.200 Shot, Brunston looking to get free. They wanted to guesses. 0:10:23.679 --> 0:10:25.960 Two seconds to Joel Brunson turns. 0:10:25.640 --> 0:10:26.520 Puts it up for the win. 0:10:27.360 --> 0:10:29.360 It's off for him. 0:10:29.720 --> 0:10:32.520 Looks like I was gonna fall through. How did that 0:10:32.679 --> 0:10:35.360 ball come and the Knicks lose a heartbreaker? 0:10:36.120 --> 0:10:39.720 He had the perfect look. How did that ball come out? 0:10:39.960 --> 0:10:43.400 On MSG Clyde, everyone else saw runs and shots circle 0:10:43.480 --> 0:10:45.640 around and out. Chicago won, won, twenty four to one 0:10:45.679 --> 0:10:49.439 to twenty three in defeat Karl Anthony Towns forty six points, 0:10:49.520 --> 0:10:51.559 though he missed six free throws. Knicks fall to five 0:10:51.640 --> 0:10:54.160 and six. Their next two games, both at home against 0:10:54.160 --> 0:10:56.640 the Nets, who had Barkley's loss of the Celtics one 0:10:56.720 --> 0:10:59.880 thirty nine, one to fourteen Jason Tatum thirty six points 0:11:00.080 --> 0:11:03.040 rebound shy of a triple double. Lebron James had a 0:11:03.080 --> 0:11:04.959 triple double. He's done that three games in a row. 0:11:05.040 --> 0:11:08.880 Lakers beat Memphis in Milwaukee's overtime, went over Detroit fifty 0:11:08.960 --> 0:11:11.800 nine points for Giannis unto the Compo, and San Antonio's 0:11:11.800 --> 0:11:15.960 went over Washington fifty points for twenty year old Victor Webbinyama. 0:11:16.040 --> 0:11:19.080 The Spurs being coached by assistant Mitch Johnson, who was 0:11:19.080 --> 0:11:22.280 revealed that their seventy five year old legendary coach Greg 0:11:22.320 --> 0:11:26.000 Popovich recently suffered a mild stroke no timetable on his 0:11:26.120 --> 0:11:29.120 return college hoops. Saint John's ranked to the top twenty 0:11:29.120 --> 0:11:31.520 five for the first time in nearly six years. Redstorm 0:11:31.559 --> 0:11:34.400 with a sixty six forty five win over Wagner. Their 0:11:34.440 --> 0:11:37.319 next game is Sunday at MSG against New Mexico which 0:11:37.400 --> 0:11:41.400 means Rick Patino will coach against his son. Hofstra upset 0:11:41.440 --> 0:11:44.319 Seaton Hall forty nine to forty eight. Week eleven begins tonight, 0:11:44.360 --> 0:11:47.920 Commanders and Eagles in Philadelphia. They're playing for first place 0:11:47.960 --> 0:11:51.760 in the NFC East. John Stashedward Bloomberg Sports Karend Nathan. 0:11:53.800 --> 0:11:57.920 Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:58.040 --> 0:12:02.240 and around the world on Bloomberg and the Bloomberg Business app. 0:12:02.400 --> 0:12:05.760 This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. 0:12:05.960 --> 0:12:08.200 Just over a week since the election, Donald Trump is 0:12:08.240 --> 0:12:12.720 already sending shockwaves through Washington with some of his transition decisions. 0:12:12.920 --> 0:12:15.959 The latest case in point Matt Gates the choice to 0:12:16.040 --> 0:12:19.760 lead the Justice Department as Attorney General. The Florida Congressman 0:12:19.880 --> 0:12:22.319 was full throated in support of the president elected this 0:12:22.440 --> 0:12:23.960 year's Republican National Convention. 0:12:24.600 --> 0:12:27.760 We are on a mission to rescue and save this country, 0:12:28.000 --> 0:12:31.520 and we ride or die with Donald John Trump. 0:12:31.320 --> 0:12:31.800 To the end. 0:12:32.559 --> 0:12:36.640 Joining us now for more, Bloomberg News Senior editor Bill Ferries. Bill, 0:12:36.720 --> 0:12:38.920 We've been talking for the last couple of days about 0:12:39.000 --> 0:12:43.960 President elects Trump's unconventional cabinet picks. This one may be 0:12:44.040 --> 0:12:47.440 the most unconventional of all. Good morning, Good morning. 0:12:47.480 --> 0:12:50.000 You're right, I think even for people who try to 0:12:50.000 --> 0:12:52.840 think outside the box on Trump's nominees and what he 0:12:52.960 --> 0:12:57.560 might do, this was outside of that box as well. Listen, 0:12:57.600 --> 0:13:01.000 Matt Gates. It's surprised. It surprised a lot of Republicans, 0:13:01.040 --> 0:13:04.200 both in the Senate and the House. He is pretty 0:13:04.240 --> 0:13:08.480 widely unpopular with a lot of his Republican colleagues, and 0:13:08.720 --> 0:13:12.559 I think, you know, there will be questions about whether 0:13:12.640 --> 0:13:15.360 he or some of the other nominees we've heard about, 0:13:16.000 --> 0:13:19.200 would get through a confirmation process. I think with Gates, 0:13:19.640 --> 0:13:22.400 you have people wondering whether he gets to the confirmation. 0:13:22.600 --> 0:13:28.240 But you know, someone who was being investigated for allegedly 0:13:28.400 --> 0:13:33.680 having sexual activity with a minor. There was apparently a 0:13:33.760 --> 0:13:36.679 report from the House Ethics Committee due to come out 0:13:36.720 --> 0:13:39.200 in the next couple of days that may have also 0:13:39.559 --> 0:13:45.120 sparked Gates's decision to resign from the House. Very surprising decision, 0:13:45.480 --> 0:13:48.960 had a lot of Republicans scratching their heads. But you know, 0:13:49.000 --> 0:13:52.080 there have been a number of unconventional nominees in the 0:13:52.120 --> 0:13:54.800 last couple of days, and so this is just probably 0:13:55.120 --> 0:13:57.320 the first on a list of them. 0:13:57.640 --> 0:13:59.760 I gotta be honest, I was waiting to hear former 0:13:59.800 --> 0:14:02.920 House Speaker Kevin McCarthy's reaction to this decision. He did 0:14:02.960 --> 0:14:07.640 speak with Bloomberg in Singapore with our Hustlinda Amin, saying 0:14:08.200 --> 0:14:12.640 that the Gates choice is a good deflection on Trump's 0:14:12.679 --> 0:14:15.360 part from some of his other picks. Of course, McCarthy, 0:14:15.400 --> 0:14:18.440 but it heads very publicly with Matt Gates during the 0:14:18.480 --> 0:14:23.160 leadership fight. But could this decision post some more problems 0:14:23.200 --> 0:14:26.080 for some of the President intellect's other cabinet choices. 0:14:26.880 --> 0:14:30.000 Well, it'd just be very interesting to see what happens. 0:14:30.040 --> 0:14:33.320 We're still more than two months out from inauguration day 0:14:33.360 --> 0:14:36.000 at this point. What happens when we get closer. Is 0:14:36.040 --> 0:14:39.880 there enough pushback on Gates or other nominees that some 0:14:39.920 --> 0:14:42.440 of them maybe don't make it to a confirmation hearing. 0:14:42.840 --> 0:14:45.840 It's possible. I think in his first term President Trump 0:14:45.880 --> 0:14:49.840 had I believe, three nominees who didn't who were withdrawn. 0:14:49.960 --> 0:14:53.520 It's very unusual to have someone go through the confirmation 0:14:53.680 --> 0:14:57.960 process and then get rejected. I think John Tower is 0:14:58.040 --> 0:15:01.520 one kind of notable exception into that, but that was 0:15:01.560 --> 0:15:04.880 a couple decades ago. At this point. So usually the 0:15:05.000 --> 0:15:08.480 Republicans or the party in power of the Senate sends 0:15:08.600 --> 0:15:11.040 enough signals to the White House saying you may want 0:15:11.080 --> 0:15:14.320 to reconsider this, and it's reconsidered. But you know, the 0:15:14.360 --> 0:15:17.680 other the factor that I think Senate Republicans will really 0:15:17.720 --> 0:15:21.200 have to take into account is if they do reject 0:15:21.440 --> 0:15:25.000 a Trump nominee, are those Republicans who voted against it 0:15:25.080 --> 0:15:29.800 willing to face the full firepower of Donald Trump's Twitter account, 0:15:30.720 --> 0:15:33.600 Elon Musk's Twitter account. There's going to be a lot 0:15:33.640 --> 0:15:36.280 of headaches that come with going against this president. 0:15:36.600 --> 0:15:39.360 Only about thirty seconds left here, Bill, But if Gates 0:15:39.400 --> 0:15:42.600 does make it through confirmation, what kind of changes could 0:15:42.640 --> 0:15:44.520 that mean at the Justice Department? 0:15:45.560 --> 0:15:47.560 Well, I think, you know, he's going to have he's 0:15:47.560 --> 0:15:49.520 going to be able to, first of all, look into 0:15:50.200 --> 0:15:54.280 into the files about the investigation into the things he 0:15:54.440 --> 0:15:57.560 was being probed for. But I think he's going to 0:15:57.640 --> 0:15:59.640 you know, he's going to wield power over a huge 0:15:59.680 --> 0:16:04.880 agent see overseen, you know, the appointment of attorney generals 0:16:04.920 --> 0:16:08.600 of district attorneys across the country. It's going to wield 0:16:08.600 --> 0:16:11.880 massive influence over the you know, federal law and order 0:16:12.160 --> 0:16:14.320 and its enforcement around the United States. 0:16:14.640 --> 0:16:18.080 This is Bloomberg Daybreak, your morning podcast on the stories 0:16:18.120 --> 0:16:21.160 making news from Wall Street to Washington and beyond. 0:16:21.440 --> 0:16:23.840 Look for us on your podcast feed by six am 0:16:23.840 --> 0:16:27.280 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:27.480 --> 0:16:30.320 You can also listen live each morning starting at five 0:16:30.360 --> 0:16:33.080 am Wall Street Time on Bloomberg eleven three to zero 0:16:33.080 --> 0:16:35.960 in New York, Bloomberg in ninety nine to one in Washington, 0:16:36.040 --> 0:16:40.000 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:40.200 --> 0:16:41.920 XM Channel one twenty one. 0:16:42.160 --> 0:16:44.880 Plus listen coast to coast on the Bloomberg Business app 0:16:44.920 --> 0:16:47.720 now with Apple CarPlay and Android Atto interfaces. 0:16:47.960 --> 0:16:50.960 And don't forget to subscribe to Bloomberg News Now. It's 0:16:51.000 --> 0:16:53.720 the latest news whenever you want it in five minutes 0:16:53.800 --> 0:16:56.920 or less. Search Bloomberg News Now and your favorite podcast 0:16:56.960 --> 0:17:00.640 platform to stay informed all day long in Moscow. 0:17:00.920 --> 0:17:03.440 And I'm Nathan Hager. Join us again tomorrow morning for 0:17:03.520 --> 0:17:05.440 all the news you need to start your day right 0:17:05.440 --> 0:17:06.960 here on Bloomberg da Break