Podcast appearances and mentions of chris christy

In a 100-year-old church-turned hunting camp we share stories from our bird hunt in Minnesota's Northwoods. Brian Kelvington, Ted Anderson, Chris Christy join the show to talk about flushing big numbers of ruffed grouse and woodcock, hunting only the best cover, when to pull the plug on a spot and when to stay, finding perfect habitat, hunting camp traditions, wolf encounters with bird dogs, hunting gear updates, and so much more…   Presented by: Walton's (https://www.waltons.com/) OnX Maps (https://www.onxmaps.com/) Aluma Trailers (https://www.alumaklm.com) Chief Upland (https://chiefupland.com/) Lucky Duck Premium Decoys (https://www.luckyduck.com/) Federal Premium Ammunition (https://www.federalpremium.com/) Sage and Braker (https://sageandbraker.com/) Hunt North Dakota (https://www.helloND.com/)  

In a 100-year-old church-turned hunting camp we share stories from our bird hunt in Minnesota's Northwoods. Brian Kelvington, Ted Anderson, Chris Christy join the show to talk about flushing big numbers of ruffed grouse and woodcock, hunting only the best cover, when to pull the plug on a spot and when to stay, finding perfect habitat, hunting camp traditions, wolf encounters with bird dogs, hunting gear updates, and so much more…   Presented by: Walton's (https://www.waltons.com/) OnX Maps (https://www.onxmaps.com/) Aluma Trailers (https://www.alumaklm.com) Chief Upland (https://chiefupland.com/) Lucky Duck Premium Decoys (https://www.luckyduck.com/) Federal Premium Ammunition (https://www.federalpremium.com/) Sage and Braker (https://sageandbraker.com/) Hunt North Dakota (https://www.helloND.com/)  

What's going on in NY, why are planes doors flying off, what made Chris Christy stop running, & who took the funny Highway Signs away? Watch Here: https://youtu.be/kZFQoGDrttQ This is THE RIGHT SHOW. Subscribe + Share Tour Dates + Bookings: https://K-vonComedy.com "The Right Show" podcast is on http://anchor.fm/KvonComedy #Valuetainment #TheRightShow #TRSpodcast #kvoncomedy #TheRightShow #funny #thedailyshow --- Support this podcast: https://podcasters.spotify.com/pod/show/kvoncomedy/support

Chris Christy drops out.  Missed opportunities from Nikki Haley last night. Mentioned DeSantisLies.com numerous times. DeSantis did a better job at arguing he's a better option than Trump than Nikki did.  Work exceptions for minors bill allowing kids to work on a farm. Rep. Joanna King House Bill 1062. It's about the science, remember? Fauci admitted that the 6 feet apart was likely not based on scientific data. The world is crazy, and we don't have to be. Mayorkas admits that 85% apprehended get to stay in the United States. Trying to make sense of the bizarre Hunter Biden appearance yesterday on his contempt charge. What was the win? What good did this do for him? Today's Popcorn moment. Chris Matthews refers to people who support Trump a cult. Pat McAfee takes Aaron Rogers off the show after controversial statements Rogers made about Jimmy Kimmel. Trump's town hall. He's calm at the mic, and Nikki Haley was not during her debate with DeSantis. Override on Ohio Governor Mike Dewine for vetoing sexual mutilation. Fetterman talking sense and supporting Israel. Jennifer McCormack against children working on the family farm. Wants Democrats to explain how a child can mutilate themselves, but can't milk a cow.  Time to Fill up on the News:   TK Thursday Music Moment DeSantis talking about abortion during the debate last night.  See omnystudio.com/listener for privacy information.

Hour 3: Mark Reardon welcomes Philip Holloway, Fox News Legal Analyst and former police officer, to discuss Hunter Biden's stunt at Congress earlier today, Aaron Rodger's take on Fauci, and more. Then, Missouri Congressman Jason Smith calls in to share what it was like to be in the room during Hunter's stunt, impeachment efforts, border security, and protecting girls and women's sports. Later, Mark brings you the Audio Cut of the Day.

They stopped talking about the school shooting at Perry HS in Iowa, and Tony told you they would. Holcomb's State of the State last night. Chris Christy won't drop out. He won't endorse Nikki Haley because he can't trust her. IU Suspends professor. That's lots of “musts” Mr Holcomb. We should teach economic literacy to our children. Popcorn Moment. DeSantis heckled during his town hall last night. People that took over coffee shop for a wedding. Justice Department wants to identify Gender Dysphoria as a disability. Outraged parent shouting about illegal immigrants being moved into a school and forcing their kids into remote learning. Def Sec in hospital for prostate cancer, Kirby defends. Congressman Bouchon & Pence announce retirements. But Andre Carson stays. Mickey Shuey to talk about all the open office space here in town.Time to Fill up on the News: SEC's twitter feed was hacked. Iowa, the weather matters. It will be below 0 during the Iowa Caucus. Tunnels under Crown Heights connecting synagogue to Mikvah.     See omnystudio.com/listener for privacy information.

The boys are in the building for a Christmas Episode! Z-Bird performed at Stage AE with Matt Light. We are announcing for a cage fight. The Steelers are done and we've accepted it. And we talked about violence being removed from the NFL. Trump talks about Biden and lemonade. Chris Christy can never be president because he has a body like the dad from the hit 90's show Dinosaurs. A lady in a bird costume attacks someone's gas line. Ex Steelers might lead the NFL in CTE at least on Twitter. New York's Mayor finds the worst answer to give in an interview. And Anthony Edward's need to pull out, in general and in his DM's. All that and more on this holiday episode of Greenfield's Finest Podcast. Check out our events, social media, and more at the link below: ⁠⁠https://linktr.ee/GFP Website: https://greenfieldsfinestpodcast.com/ Spotify: https://open.spotify.com/show/7viuBywVXF4e52CHUgk1i5 Produced by Lane Media https://www.lanemediapgh.com/

Liz Ann Sonders, Charles Schwab Chief Investment Strategist, says the status of the economy doesn't justify the Fed cutting rates. Amanda Lynam, BlackRock Head of Macro Credit Research, claims banks will remain at the center of lending, but that private credit can now compete in ways it previously couldn't. Libby Cantrill, PIMCO Director of Public Policy, previews the fourth GOP presidential debate. Elliot Ackerman, US Marine Corps Veteran & Former White House Fellow, breaks down the latest on the Israel-Hamas war. David Rubenstein, Carlyle Group Co-Founder, previews a brand-new episode of Bloomberg's "The David Rubenstein Show: Peer to Peer Conversations" featuring Pershing Square CEO Bill Ackman. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance    Full transcript: This is the Bloomberg Surveillance Podcast. I'm Lisa abrahmoids along with Tom Keen and Jonathan Ferrell. Join us each day for insight from the best in economics, geopolitics, finance and investment. Subscribe to Bloomberg Surveillance on demand on Apple, Spotify and anywhere you get your podcasts, and always on Bloomberg dot com, the Bloomberg Terminal, and the Bloomberg Business App. I've been looking forward to this conversation. Liz An Son is the chief Investments trying to just a chold swap joins us right now. Lizan, I've been looking forward to it because we're not going to talk about self landing, hard landing, no landing, none of that. We're going to talk about what you and a team have been focused on now for a while, and that's rolling recessions. That is a framework, Lizen. Why is that so important for you? That nuance? Well, first of all, this is a unique cycle. That's the ultimate understatement. I think taking a nuanced approach is important, and we've been using that term for quite some time. I think the only other person that I know that's been using as long as we have is Ed yard Denny, and not that we want to rehash the last three and a half years, but if you think about the stimulus fuel demand surge coming out of the worst part of the pandemic, all of that demand and money associated with it was funneled into the good side of the economy because we had no access to services. That was where the inflation problem first began on the good side of the economy, exacerbated by the supply chain disruptions. But fast forward to the more recent period, we've gone into hard landing recessions for housing, manufacturing, a lot of housing related, many of the consumer product areas that were big beneficiaries of the lockdown, and we've gone from inflation to disinflation to deflation in many of the goods categories. We've just had the later offsetting strength on the services side. Same thing as rolled through in terms of inflation. So to me, best case scenario is not really soft landing that Schuberti sailed for many important segments of the economy. It's a continued roll through where if in when services in the labor market get hit, you have found stability and maybe even some improvement in those areas that have already taken their hit. Lezan, love your nuance. Let's build on that. Where are you seeing opportunities that might have hit bottom that you want to be investing in now, In particular sectors that you think already have rolled through, they're hard landing and are now buys. I still think that investors are better off taking a factor based approach as opposed to a monolithic sector based approach, But we have made some adjustments in terms of the foot factors that we're focused on. As you know we've talked about it on this program. We have been emphasizing stay up in quality with factors like interest coverage and strong return on equity and strong balance sheet, but also growthy factors like positive earnings, revisions and surprises. But I think you want to now add kind of evaluation kicker into the mix because this year was characterized by all multiple expansion, no earnings growth. We see in the last month that there is money itching to move out of the Magnificent seven to find opportunities down the cap spectrum. And you have seen some lower quality characteristics to of what has rallied. I think you want to fade that and continue to lean into quality. But you can find it across the spectrum of sectors and also outside that group of just the Magnificent seven. So you said something Lezen talking about how people are itching to take the money that they've put into the Magnificent seven and put it to work elsewhere that might be at a lower valuation. How big is that wave of people is to get out of the Magnificent seven. Is this something that could cause an underperformance or is it just simply there's just been so much money people are looking for other ideas well. So far, so good in terms of the rotational nature of this easing of some of the excesses, You've seen some pullback in the Magnificent seven. The rest of two thousand SMP equal weight is outperforming the SMP over the past month or so. It's happened in kind of a stealth way. That's obviously the best way to go through a corrective phase of excesses versus the bottom falling out all at once. What concerns me, particularly once we get past the year end seasonality, is that there is an incredible amount of overlap, especially in the large institutional world and the hedge fund world, in terms of ownership of not just the magnificent seven but up the cap spectrum, and that you know, if we get some sort of catalyst and it unleashes more frenzy around selling, I think maybe the hit would have to be larger, but I do think absent that we could continue to see a broadening out via rotation again as opposed to some significant crack occurring in the market. Lasan, can you help us gauge sentiment? Just sort of a bit wittold, least from myself repeatedly that the money money market funds is really really sticky. As you look across clients, to the people you speak to daily, have they been moving into equities over the last month? What was that move in November? So you've seen some move in equities, But it's actually, interestingly within the US equity market been toward areas like real estate utilities, and I think that is in keeping with expectations of sooner rather than later fed cuts. I'm skeptical about that, but that's where the money has gone. But sentiment is really interesting because attitudinal sentiment measures have gone off the charts of bullishness and very little bearishness. Yet even the AAII survey that we get those attitudinal bullish bearish readings, the equity exposure of that same cohort of investors has actually been coming down. On the other hand, active institutional managers have actually been significantly increasing exposure. So much like cross currents in the economy, there's even a lot of cross currents in terms of sentiment data, and it's really a mixed picture, and sentiment is hard to It's always hard to use as some market timing tool, even at extremes, but it's particularly murky in this environment right now. Lizen, just a put a bow on it. You did just mentioned that that you're skeptical about right cuts. Can you just explain that a little bit more, Well, the inflation is still above the FEDS target, the labor market is hanging in there, the economy is hanging in there. How that justifies a pivot from the most aggressive tightening cycle to easing as soon as the first quarter of next year. I don't get it. It's possible to find to be easy, but probably because there's more economic dislocation between now and then. In addition, you had the Fed and Powell specifically pointing to the bond market doing a lot of the tightening for the FED when you were in the surge and yields up to five percent. To me, what would be interesting to hear is if they start to say, well, the loosening, which is a record one month loosening in financial conditions in November, maybe that does some of the loosening for the FED. And it wouldn't surprise me if Powell has to yet again reinforce the notion that they're not at this point considering rate cuts. That's the conversation for a week today. Listen. Thank you Lizanne Sunders, a child swab one of the very best joining us at Amandelinum, head of macro credit research at Black Crock Andmanic good morning, good morning, Thank you both for having me. How much money is shift into private markets. So our forecast calls for that asset class to grow from one point six trillion globally to three and a half trillion by the end of twenty twenty eight. So that implies a pretty significant continued growth pattern through the next five years. There are really four drivers behind that. The increase in the addressable market is one of them, but it's really investors looking for diversification, borrowers looking for certainty of execution, structural shifts in the public markets which are now serving larger and larger borrowers, so that renders small middle market debt deals ill liquid. And then fourth is the opportunity for banks to partner with non banks. And also just given the well telegraphed contraction in bank lending and tightening of bank lending standards to really fuel that growth. And so that's our forecast. Was that a really nice way of saying D banking that basically private credit is stealing banks lunch. I watched all of your great coverage yesterday, and I did see the D Banking dialogue. I actually think I agree with the comments that banks will remain at the center of the lending universe. That said, I think the important takeaway is that as private credit has become sizeable and scalable in its own right, it can now compete against other parts of the market where it wasn't historically. And so what we've actually seen are some companies with demonstrated access to the public markets choosing to refinance in the private markets. I think there's an opportunity for banks to partner with non banks in terms of in an environment where capital and liquidity rules may change, to partner and maybe move some of that lending into other parts of the non bank system. Doesn't mean that the risk transfer is a negative. It just means that capital is being reallocated, just like it did after the financial crisis. So there is this sort of larger question when you say banks will still be the center of the lending universe, it raises this question about what that means. There'll be the center in terms of maybe organizing some of these transactions, but not necessarily the center of profits, not necessarily the center of deploying risk and then getting that outsize return for some of these private loans. Is that what we're saying that they're going to be the center of sort of some of the transactional aspects, but that private credit firms are going to really get the upside from these loans that banks used to capture. I mean, I think from the side of the banking relationship, they really have a lot of the client relationships, a lot of the underwriting expertise. But in an environment where risk weighted assets are going up, does it make sense to hold all of that capital on the bank balance sheet or is there a more capital efficient way to do it? I think that's really the shift that we're seeing now. Some of these factors have been in place for a really long time, going back to the Financial crisis. After Dodd Frank was enacted, the public syndicated leverage loan markets grew because banks didn't want to keep those loans on their balance sheet. Instead they syndicated them out to a wide range of investors. That's how the public debt markets have been growing for so long. So I think that's just it's another sort of iteration of this capital allocation that's shifting in response to the regional banking disruption in March, in response to the potential rules for Basle three endgame, and I think it's probably a longer term shift. By the way, I would say, you know, our three and a half trillion forecast, it assumes a fifteen percent compound annual growth rate. That's actually below the growth rate that we've seen over the past five years, and it's consistent with the growth rate over the past decade. So it sounds large, but it's actually a continuation of the trend that's already been in place. Let's talk about big moves out of the last month. Credit spread so much tighter on high yield. I think three sixty seven right now, I just want it from your perspective, still up in quality, and what do you make of this move? So, I mean, I think the move it's very It's consistent with this kind of year end rally that has been fueled by pretty favorable technicals. We've seen issuance pick up, but not to a significant extent that it's interfering with that tightening. From our perspective, yes, up in quality still makes a lot of sense. For this really important reason. Most of the issuance in twenty twenty three, and I'm talking about the left in market has been up in quality within that market, so double bes and high single bees. The low low end of the quality spectrum, so triple c's and low single bees, has really been untested. There's been a lot of talk about rate cuts. That's not really our base case in the first half. But even if we do get a few modest rate cuts, just to put that in perspective, the implied refinancing cost on average for triple C's is above six hundred basis points. For the distressed universe it's above fourteen hundred basis points. So this low end of the quality spectrum. Even if we get some rate relief, they're still going to be refinancing into a much higher cost of capital regime. How long can goldilocks lost goldilocks last? Then? I think it's the title of our one Q outlook was a widening divide, and I really think it speaks to the dispersion that's evident under the surface and a lot of these markets. So for goldilocks, investment grade goldilocks, you know, high quality, high yield, they're in a pretty good spot, especially if we can achieve the soft landing. If you're a triple C rated credit that has refined nancing to do and you're looking at your current coupon and then the six hundred basis points that it may cost you to refinance in today's market or more much different story. It's part of the reason why we expect defaults to continue to march higher through the first half of next year. It's not not a spike, not a significant increase. But I don't think we ask a lot have we seen the last of this transition to a higher cost of capital. I don't believe that we have with us around the table. I'm really placed society brilliant. Libby Cantroll, the managing director and head a public policy over at PIMCO. Libby, good morning. Another big debate for Republicans. Big debate? Yes, is this the big one? The difference? This is the big one? So this may be the last one. Actually, there's not another debate schedule before Iowa, when voters, of course on the Republican side, will go to the polls on January fifteenth. Viewership has declined since the first debate. That's when we saw sort of top tick of thirteen million. The last debate was around seven million, So we'll see if people are even paying attention to this. I think the real question, though John is does can Nicky Haley have another breakout moment? Does this sort of sustain the momentum that she has both in terms of the polling but very importantly in terms of the donors, And that remains an open question. I think that the other three folks on the debate stage will be sort of attacking Nicki Haley. I think Nicki Heley will be attacking President Trump, so it should be raucous as usual. But does it actually make a difference. I think that's the open question. What's the chance that you see another Biden Trump matchup. Well, so you know, what we're guiding our clients too, is one is that Biden will be the nominee. This sort of idea that there is some great cabal at the convention that will unseat him. We just do not think as founded. Senator bros from Louisiana, who had served with Joe Biden in the Senate, said, as long as President Biden is breathing, he is running. And I think that is something we should just you know, take take for what it is. You know, on the Republican side, obviously, if the primaries were held tomorrow, it looks like Trump would be the nominee. They're not going to be held tomorrow. They're held in around forty days. And what we've seen with Iowa and New Hampshire is that things can change. They haven't really changed in terms of dictating who the nominee is since two thousand and eight when Obama, who was sort of underperforming all of the polls, that really outperformed in both Iowa and New Hampshire and was able to get the momentum to the nomination. So a lot can still happen, but as of now, if you were saying, if the primaries were held tomorrow, it would be another Biden Trump rematch, and you know, ironically, I'll just say, is that seventy percent of Americans don't want that. So that's the reason why I think it got so much attention yesterday when Joe Biden said if it wasn't for Donald Trump, he wouldn't be running again. What do you make of that? Do you make that if NICKI Haley is the nominee for the Republican side, that there is a chance that Joe Biden would step down and pave the way for somebody else. So his his pressure ap really watched that back last night after those comments were made. They were made, of course in private at a fundraiser, so was maybe I think they're saying taken out of context. You know. However, you know, this is something that President Biden has been saying since he was a candidate in twenty twenty, that that's why he was running the first time, and so this is somewhat consistent with that messaging. However, if Trump does not get the nomination, I still think that President Biden is the incumbent president. He believes that he really has a record both on the economy and then foreign policy to feel confident to run on. So we are not getting sort of any indication from folks close to the Biden world that he is, that he's not running. He is running. We've been all appreciate. I think we could all benefit from a delegation oudication rules clinic from you. How have things changed for Republican primary, especially as a non Yes, a US citizen, So I appreciate you on that question. Yeah, so this is important. It's like very wants and a lot of our client's eyes understandably glazed over. But to get the nomination, it's just a delegate game. You need to get fifty percent of the delegates at stake on the Republican side and the Democratic side. The Republican side is the real story here, though, because the Trump campaign much more organized than it was in twenty sixteen. By their own emission, they have now systematically changed the way that states allocate delegate rules to benefit him as long as it's a crowded field, meaning that he They've changed the rules to what's called winner take all, So as long as President Trump is winning a plurality of the vote in many states, he will get one hundred percent of the delegates, and the punchline for all of us is that that makes it much easier for him to get the nomination much more quickly. So I would argue that by March fifth, which is Super Tuesday, we'll have had forty five percent of the delegates at stake being voted on, we likely will have a very good idea of who's going to be the nominee or whether it's going to be more of a competitive two person race. As you said, so we know there's four people on the stage. Later is on the calendar where that for needs to become one to change the outcome of this. Well, I think there are a lot of folks on both the Republican side and then also some of the Democratic side. As you've seen, there's some now Democratic donors who are you know, donating to Nicki Haley sort of interesting, unprecedented in many ways, who are trying to argue for a Chris Christy to say drop out of the race before Iowa. You know, John, I think what we've seen though before is that again so much can change. That much of this is unprecedented, particularly given what we might be facing, which is you know, two incumbent presidents effectively running against each other. So you know, I don't think there's a drop dead date, but I do think that it needs to become a two person race sort of by South Carolina. That's February twenty fourth. So I think the bottom line for kind of the markets and for investors is that the next seventy five days really matters. We will have a very good idea by sort of South Carolina by Super Tuesday, which is March fifth, whether this is going to be President Trump Biden or whether it's going to be more of a two person race between Nicky Haley and Trump. In those seventy five days, we're going to be dealing with a couple of deadlines for funding the government. Before I let you go, we keep talking about where is the leverage. The leverage is in the US government. I then you figure something out in order to keep operating. How are you advising people in the market to understand what's happening, what the likelihood of a shutdown is, what that means in terms of the growing risk frankly that it's been attributed to in markets. Yeah, So mean I think that two things. One is that this is not the dead ceiling, right. The debt ceiling was existential for the markets that has been fortunately addressed until January or February of twenty twenty five. This is really the most foundational function of Congress is just to keep the lights on. They keep kicking the can down the road, Lisa, does it really matter if they shut down the government? Probably not if it's not for a sustained period of time, But if it does go on for weeks, then we don't get some of the economic data, then it could actually start hurting the economy. But I think this is just sort of noise. But I think the punchline here from a fiscal perspective is this effectively funds of government at the same levels as last year, and what we're not We're not going to see any more physical stimulus. And I think the threshold for any sort of stimulus, even if we do go into recession. I know your previous guest was pretty sang one about the economy. I think we maybe we as as bond investors, are a little less so, but the threshold for any sort of fiscal stimus is going to be very high. So we think the government probably will be funded probably at the last moment, but again from a market's perspective, we're not sure. We're there's more noise than really anything. It's always the way, isn't it. Equities, hopes and dreams, bonds, fares and nightmassy do you know? Yeah, obviously obviously, Well yeah, thank you, thanks, good to see it. Great to catch you out let me cant with their Pimcoke. I'm pleased to say that John, I guess now is Elliot Akerman, the US Marine Corps veteran and former White House fellow. Ali wonderful to hear from you, sir. Always appreciate your perspective and your deep experience. Let's start with that experience. Can you describe for our audience the type of urban combat taking place right now, the urban commet that we're seeing in Gaza. You know, it's that happens really at a very close quarters, you know, street by street, house by house, room to room. As I think I've said on this show, eating in an urban fight is like it's like being in a knife fight in a phone booth. So it also takes away that the advantage that high tech militaries have, and I think we're seeing that play out and also oftentimes it's very very messy. And one of the greatest casualties in an urban fight is the city that the fight is taking place. And I think we're seeing that today as you know, vast parts of Gaza are are being turned to rubble and the civilians who lived there. So let's discuss that, given the type of combat that was seeing at the moment, how on earth do you prevent the tragic loss of civilian life we've seen. You know, It's extremely difficult, and that factors into the into the calculus on on both sides. A fundamental to you know, Hamas's attack on October seventh was they knew that they were going to force the Israeli's hands to fight them inside Gaza, which would lead to civilian casualties, which would lead to much more attention being placed in the Palestinian cause in the world, and also a significant international outcry to and the fighting. And so, you know, I think the one thing that we can see when we're looking at what is going on in Gaza is that, at least thus far, it would seem that it has preceded exactly according to Hamas's plan. Given that Elliott how much longer. Do you think that Israel has from a political perception standpoint as well as just their own aims before they're going to stop. You know, the aims of the Israeli government, as they've articulated, is the complete annihilation of Hamas. I think one of the things that's difficult is that's an extremely high bar to completely destroy a terrorist organization, as opposed to degrade its capabilities or make it so it's no longer a threat. So if that is their stated objective, I think they're in some ways probably setting themselves up for failure because it's difficult to see how they are going to completely destroy every single number of Hamas from the face of the earth, particularly as many of them are not in Gaza, you know. And the other issue that complicates factors that we can't forget about is there's a significant number of hostages still inside Gaza, so the Israelis can't finish this operation until those hostages have been freed. So, unfortunately, I think this is going to go on quite a bit longer, but every day that it extends, it becomes politically much more costly for the Israelis. Do you agree with Secretary of Defense to late Austin when he basically said that the fear here is that Israel setting itself up for a strategic defeat. I think that is certainly. I don't know that they are going to end up in a strategic defeat, but I think if the Israelis lose sight of the fact that war is always fought on two planes, both the tactical of the operational, what's happening on the ground, you know, how much of Gods is being taken or retaken, but also the political, how those actions are perceive and so you know, history is littered with cases of nations and armies that won the battle but lost the war. And I think the Israelis need to be very mindful that they don't place themselves in that situation. And we've been through a period of really intense diplomacy. We've seen that over the last two months, how elevated. Still, do you think the odds are they brought a conflict in the region. I think they've certainly lessened, but I think we absolutely want to keep our eye on any actions it seems that they could spread the conflict. You know, as you know, the United States, as you know, a very significant military presence there. We've surged naval assets into the Mediterranean Sea, all signaling very strongly to the Iranians not to spread this conflict or engage in those actions. But we've also seen simultaneously that the Iranians have been attacking US forces abroad, that there are many instances of provocation, and not only our leaders but also our troops on the ground had to be very very mindful that their actions could have TGIC consequences. So I don't think it does not seem as though the conflict is going to spread, but it's still on a hair trigger. This is a conversation about a direct conflict. I just wonder, from your perspective, in your opinion, Elio, whether you think we're already in a proxy war with Iran. I think we certainly are. But we've been in a proxy war with Iran for for decades now, and it is just waxed and waned. I mean, I mean, I'm a veteran of the wars in Iraq and Afghanistan, and both those conflicts we were fighting a proxy war with Iran, and about those conflicts, you know, so the American service member I was, you know, having to dodge IEDs built by Iran and having to deal with Coudes Force paramilitaries who are operating or Iranian in those theaters. So we've been fighting that war for a long long time. But it's very important that as you know, you know, it doesn't escalate into an all out conflagration across the Middle East, particularly as we have another war going on in Ukraine. So these are you know, these are dangerous times where they I'm glad you brought that up as a former American service member, as someone who's actually served and seeing the threat, what is your sense of this increasing isolationism or the increasing fight over funding for some of these conflicts. Do you think that it's a valid one or do you think that that's really our retracement from the role that you served for. Because I think that there should always be robust debate in this country about issues of war and peace, and I think that is very very healthy. However, I also think that, you know, those debates should occur in a functional as opposed to a dysfunctional way. They should occur in a way that has a very clear eyed or it takes a very clear eyed view of the world beyond our shores and isn't naive of the place of America in the world. So, you know, I don't think it's inappropriate for members of Congress to be debating how long and how much the United States is going to spend on these wars. But I also think if there's some of idea that the US can just retreat within its borders and that's going to be the best interest of this country. I mean, you know, we've seen that, we've seen that play out before, and it doesn't play out to the best interests of the United States. You're implying, Elliott that the debate right now is not healthy. What would a healthy debate look like? And why is what we're seeing right now not healthy? So I think there's a degree of brenksmanship that's going on. And I think that braksmanship of you know, buying aid packages together the much of the dysfunction that we've seen them in Congress where we no longer where Congress no longers exists with the culture, and I'm olding to remember this culture in which most people operated under a mode of that you know, America's differences ended at our shores, and we projected ourselves abroad, we projected ourselves as a unified country. I mean, now we know that our allies, you know, have different you know, they prefer republican or a democratic administration and have policies that they set for both. So I think there's the overall fractiousness in our country is hurting the efficacy of our foreign policy. So that's what I mean, Ellie, thank you, sir Vio Clarity, Ellie Aikman. I'm the latest on the situation in the Middle East and with Ukraine and rest as well. I'm so pleased to say. Joining me right now is David Rubinstein. I want to pick up on that point that Bill was saying, which is his activism as now not in a corporate boardroom but on college campuses. And we heard this yesterday from Mark Rowan of Apollo. How much you hearing that increasingly from some of your peers. Well, there's no doubt that Bill Ackman doesn't need to be an activist in investing anymore, because, as he said in the interview, he wasn't that well known when he was an activist, and therefore he had to get attention, and doing activist kind of things got people's attention. Now he's pretty well known, so he can avoid that part of his investing process. In terms of College and Harvard, he has been very active with his letter to Clouding Gay and Mark Rowan has been very active at Penn as well, and a number of other business people have been active. There's no doubt that there's a lot of concern in the business but other communities about what's going on in college campuses. And as we all know, it's not a pleasant situation to be Jewish student in some campuses these days, or to be a Muslim student some campus has been a problem as well. So I don't think there's a perfect answer. We're not going to solve it overnight. It's going to take some time for all these colleges to kind of figure out what the right balance is. Do you get a sense that there is something specific that people are asking for that goes beyond a statement on anti Semitism or Islamophobia and goes more to the nature of conversation at certain universities. Well, at certain universities, I would say on the left, far left are far right. There's not a lot of room for people who disagree. Some campuses are far left, some are maybe more conservative, and people who disagree with the conventional or the majority view, don't get the kind of support that they might want to receive from the college presidences or universities. In some cases, Harvard is seen by people in Congress who said yesterday in the hearing that is seen as far left. Maybe it is, maybe it isn't. I was on the board of Harvard for many years, and I think Harvard tries to do the best it can. But it's a very large campus, very diverse. The president of university has done as good a job as she can in a very short period of time dealing with these issues, but nobody is going to be able to solve this problem overnight. You're also on the University of Chicago board, and full disclosure, I attended there, so if I'm biased, I just want to be completely transparent. There is this question about whether it's appropriate for a university to take a stand at all on any social issue, or just to let the individual professors and students have their own voices rather than have some sort of collective voice that you have to stay within. Do you think that that is the way to go well? With the same issue CEO's face, Should corporations be taking positions on these kind of issues. Sometimes they do, sometimes they don't. Universities are places where young people are generally allowed to grow and experience what life is going to be about when they leave campuses, and they tend to be sometimes more shrill and certain things they might be when they become an adult. I think at the Universe Chicago, we've had a long standing one hundred year policy of basically letting people say what they want, has provided that they don't do anything that harms anybody else or incites violence. But there's been a lot of free speech at univer Chicago, and I think that's a great tradition there. Do you think that going forward there's going to be any change in response to some of the pressure, Given the pressure that we have seen now, I suspect something will happen, but I don't know that Congress will do anything. I think the university boards are probably going to be more sensitive to these issues. There is going to be more security for certain students there, for sure, But I think there'll be more of a move towards a University of Chicago approach where more people are allowed to say what they think without feeling that if they say something that's unpopular. They'll be criticized or harmed physically. Just besides this particular issue with Bill Lackman, he's also been vocal about investing in treasures just to shift a little bit to the investment side. And I am curious if you're starting to hear this more that certain hedge funds that maybe are struggling to get an edge in public markets are just making bull trades on the path of interest rates. How much you're hearing that well. Bill Ackman said in the interview is that he doesn't generally doesn't make big macro bets. That's not what he generally does. He generally makes bets on companies. But in a couple of times in his history he has made macro bets and some have worked out extremely well. And he's made one not two year long ago, where he made a couple of billion dollar I mean, I guess it was a two billion dollar profit on a relatively modest investment in a relatively short period of time. That's hard to do. This time, he's made a bet, in effect, that the treasury rate will go down, or the interest rate will go down, the Fed will lower interest rates sooner than the conventional wisdom thinks, and I assume he's structured it so that if they do, he'll make a fair amount of money. And I'm assuming that right now he's pretty happy with what he's seeing because the market's coming along to his view. Conventional wisdom today is that the Fed is likely to cut interest rates sooner than maybe people thought a month ago. Right now, I think the Fed doesn't want to get into the election season, So if they're going to cut rates, they're probably not going to do it too close to the presidential election, so they probably would have to do it sooner. Meanwhile, just want to bring this to you. Just Breaking City Group is reporting some figures and what they expect, and they say that fourth quarter trading revenue is expected to drop fifteen to twenty percent compared to the third quarter, and you can see as the CFO does talk, you can see shares falling. This really does speak to this sense that there isn't going to be the same kind of opportunity to make profits for some of these firms as there has been earlier in this year. That basically this is what they're going to pitch when they CEOs go down to Washington, DC and start saying, you know, maybe we earned record profits, but we're going to lose it to people like you, David Rubens, sign at private credit and private equity. What do you make of some of these arguments. I'm not worrying too much about the large banks. They can take care of themselves. I'm sure they'll do well. Interest rates go up or down. There's no doubt when interest rates go up, they tend to make more money. Historically, if interest rates go down, they're very smart. They'll find other ways to make money. Private equity firms and private credit firms have done quite well generally over the last ten twenty years or so, and we have a lot of very smart people. We'll try to figure out how to navigate whatever interest rate environment we have. David Rubenstein, it's always a pleasure. Thank you so much for being on. Subscribe to the Bloomberg Surveillance podcast on Apple, Spotify, and anywhere else you get your podcasts. Listen live every weekday starting at seven am Eastern, on Bloomberg dot Com, the iHeartRadio app, tune In, and the Bloomberg Business App. You can watch us live on Bloomberg Television and always on the Bloomberg terminal. Thanks for listening. I'm Lisa Abramowitz, and this is BloombergSee omnystudio.com/listener for privacy information.

On today's podcast: 1) As the truce between Israel and Hamas enters its final 24 hours, negotiators from Qatar, Egypt and the US are pressing for an extension to try to secure the release of additional captives and avert a resumption of a war that erupted almost two months ago. 2) Charles Munger, the alter ego, sidekick and foil to Warren Buffett for almost 60 years as they transformed Berkshire Hathaway Inc. from a failing textile maker into an empire, has died. He was 99. 3) Billionaire investor Bill Ackman is betting the Federal Reserve will begin cutting interest rates sooner than markets are predicting.   Full transcript:  Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the war in the Middle East. This is the final day of an extended six day ceasefire between Israel and Hamas. The Palestinian group handed over a dozen more hostages last night, ten Israelis and two citizens of Thailand. White House National Security spokesman John Kirby says he hopes the ceasefire can be extended so more Americans can be freed. I don't want to I'll give you a handicap here on this or bet nods. I can just tell you that we want to see all the hostages out. The way to do that is these pauses. My White House spokesman John Kirby spoke with reporters outside Air Force one CIA director Bill Burns is and caught her for talks about extending the ceasefire. Secretary of State Anthony Blincoln will be back in Israel later this week, and in a post on ex President Biden called for an end of the fighting. He says Hamas fears nothing more than Israelis and Palestinians living side by side in peace and now Nathan the financial world. EA is mourning and remembering the life of Charlie Munger. Munger, who helped build Berkshire Hathaway with Warren Buffett, died yesterday at the age of ninety nine, and we have more with Bloomberg's John Tucker, John and Karen with wit, wisdom and one liners. Charlie Munger served as Warren Buffett's alter ego, often telling it with brutal honesty what wouldn't work. Munger was known for steering Buffett away from purchasing what Buffett called cigar butts mediocre companies had a puff of smoke left and could be bought for very cheap prices, and instead favoring quality. A lawyer by training, Monger recalled how he was steered toward investing when I met Warren. He immediately started telling me how much better his way of making a living was than mine, and that I was too smart to stay in such a silly businesses law practice when I could go into his business of running an investment partnership. And it took me about two or three years to realize he was right. His death, Lee's Buffett without his law time sounding board for investors, maybe his most enduring legacy is Berkshire's performance under their management. Berkshire average an annual gain of twenty percent from nineteen sixty five through twenty twenty two. I'm John Tucker, Bloomberg Radio. All right, John, thanks, of course. Charlie Munger is also going to be remembered for his roles as straight man and scold of corporate excesses at Berkshire's annual meetings in Omaha. Bloomberg Intelligence Senior analyst Matthew Pallasola remembers Monger's special relationship with Warren Buffett. They're recalling individual meetings that they had, you know, forty fifty years ago, and Bussett is forgetting a couple of things, and Munger's reminding him of, well, this guy said that, and we said this, and we made this much money in these meetings. I mean it was, you know, truly a partnership for all of that time. And their interaction was just amazing. They would finished each other sentences, and Bloomberg Intelligence Senior analyst Matthew Pallasola there. Charlie Munger died yesterday at a hospital in California. He was a longtime resident of Los Angeles. Well Nathan, we turn to the market, specifically the economy now and billionaire investor Bill Ackman, who's betting the Federal Reserve will begin cutting interest rates sooner than markets are predicting. I think there's a risk of a hard landing if the FED doesn't start cutting rates, you know, pretty soon. So I think the market expects sometime middle of next year. I think it's more likely, probably as early as key one and Bill Lackman added that he's not convinced the US economy is headed for a soft landing. The billionaire investor made the comments in an upcoming episode of The David Rubinstein Show. Here to Beer Conversations on Bloomberg Television. Well Karen Bill Ackman's comments come as two of the fed's most hawkish rate setter signal they could be comfortable holding rates steady for now. Here's what FED Governor Christopher Waller told the American Enterprise Institute in Washington. I am increasingly confident the policy is currently well positioned to slow the economy and get inflation back to two percent. Chris Waller's view as echoed by a fellow FED governor, Michelle Bowman, who said she remains willing to support great hikes if inflation progress stalls, but she did stop short of endorsing an increase next month. Well. In Washington, Nathan, the House of Representatives may be voting on whether to expel George Santos today or tomorrow, and Bloomberg's Ed Baxter has that story. Motions in the House have been formally introduced, saying ethics findings violate the accepted policies of the body. Now, many of those members who voted against the first one November one, are saying they will vote to expel now, and Santos has responded saying the body is just theater. I went to San Diego last week. It is terrible, terrible. That's what we should be putting our energy on, not on censuring one another, expelling one another, which hunts against the political class. Nobody cares. Congress has forty eight hours to act under the resolution. Ed Baxter Bloomberg Radio, Okay and thank you. President Biden won't be there, but Vice President Kamala Harris this is attending the COP twenty eighth Climate Summit in Dubai. We get details from Bloomberg's Amy Morris. Harris will join Secretary of State Anthony Blincoln and other US officials at the two week event that begins tomorrow. She is expected to address the summit this week. Formal negotiations at COP twenty eight will center on the response to warnings that countries are falling short and cutting their emissions, and possible commitments to phase down fossil fuels in Washington, Amy Morris, Bloomberg Radio. All Right, Amy, thanks for the Incorporate news and a surprise memo. Jack ma urged Ali Baba Group to correct course civilionaire call for fundamental change across the company he co founded decades ago. Ma has mostly stayed away from day to day operations since twenty twenty, and Ali Baba wants China's best candidate to become a trillion dollar company is trading at a fraction of its peak in twenty twenty. Time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris. Good morning, Good morning, Karen. Congressional negotiators are reportedly ready to drop plans to use the annual defense policy build of Titan controls on US investment in Chinese technology. Sourses tell Bloomberg that House Financial Services Chairman Patrick McHenry is effectively blocking a measure that would require firms to notify the government about certain investments in China and other countries of concern. The Biden administration meanwhile getting pushedback from auto dealers on those mandates for switching over to electric vehicle production. Bloomberg's Nancy Llons has that part of the story. The mandate calls for two out of every three vehicles sold in the US by twenty thirty two be battery electric, but nearly four thousand auto dealers, who are calling themselves EV Voice of the Customer say most car buyers, even with incentives, are disinterested in the technology due to the higher cost, the lack of charging stations, and the loss of driving range and hot and cold weather. The dealers are asking President Biden to slow down and let the battery technology and infrastructure improve before forcing EV purchases. The White House says the proposed standards are not a mandate and do not ban gas vehicles in Washington, Nancy Lyons Bloomberg Radio Republican Congressman Anthony Disposedesposito made a motion on the House floor to force a vote on House Ethics Committee Chairman Michael Guests resolution that would expel Congressman George Santos. Minutes later, Santos took to the House floor himself to defiantly say he will not resign. Are we to now assume that one is no longer innocent until proven guilty, and they are in fact guilty until proven innocent, Or are we now to simply assume that because somebody doesn't like you, they get to throw you out of your job. The House Ethics Committee report alleged Santos used campaign cash to pay for personal expenses. He's also facing federal charges. A US military Osprey aircraft carrying eight people as crashed into the sea off southern Japan. The Japanese Coast Guard is heading to the site for search and rescue operations. Host Guard official says they don't have details yet about what happened to the osprey nor to the people on board. He says the Coastguard received an emergency call from a fishing boat near the crash site off Yakushima. The osprey was believed to be heading to Okinawa. Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Maybe Morris and this is Bloomberg Karen. All right, Amy, thank you well. We do bring you news throughout the day right here on Bloomberg Radio. As Amy said, but now you can get the latest news on demand whenever you want it. You can just subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus Apple, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update, here's John stash Hour John Darren. The NBA started this season with an in season tournament to drum up some interest early in the regular season, taking a page out of what you see in European soccer. Last night they determined which eight teams are advancing to the knockout round next Monday. In the East, Boston will play at Indiana, and then on Tuesday it's the Knicks in Milwaukee. Monday in the West, New Orleans and Sacramento, followed the night later by Phoenix at the Lakers. The winners will advance in the semifinals December seventh in Las Vegas, with the championship on December ninth. Minnesota Timberwolves have the best wrecker in the West. They won last night. They're thirteen to four. They're not advancing, but the Knicks are. They beat Charlotte one fifteen to ninety one. The Celtics moving on. They're eight to zero. At home, they beat the Bulls one, twenty four to ninety seven. Jalen Brown scored thirty. Milwaukee got thirty three from Jannis on to the compo in a one to thirty one to one twenty four win at Miami College Hoops and the sec ACC Challenge the SEC one four, including twelfth rank Kentucky beating eighth rank Miami ninety five to seventy three. We heard from the College Football Playoff Committee. Time we'll hear from them will be Sunday with the final four announcing who's going to be in the playoffs. Georgia's rank number one. Michigan, with the big win over Ohio State, moves up to second. Everyone moves up a spot. Washington now third, Florida State fourth, Oregon fifth. Washington plays Oregon on Friday for the pac twelve Championship Ohio State. With the loss dropped the sixth John Stasheward Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on siriusxam, the Bloomberg Business app in Bloomberg dot com. This is Bloomberg day Break. Good morning. I'm Nathan Hager. On this final day of an extended six day ceasefire between Israel and Hamas, the Palestinian militant group is handing over more hostages and pressure is building on both sides to see if this pause in the fighting can be extended even further. For the very latest, let's go to Tel Aviv and check in with bloom Israel Bureau chief Ethan Bronner. Ethan, it's good to have you back with us. What are the prospects that we could see this ceasefire extended beyond today? Hey, Nathan, I think the prospects are pretty good. I think that both sides have been comfortable with this pause, they would like it to extend. I think it's a breather for Hamas, it's a breezer for the Israeli defense forces, and also it allows more humanitarian aid to get into those in great need who are suffering from hunger and the outbreak of disease in Gaza. And of course it's bringing back to Israel hostages. So the deal is, you know, ten hostages a day, another day of a ceasefire, and it seems like that could go on at least two more days. Will it be a ceasefire or could it be a resolution to this conflict? We've seen commentary from President Biden himself one of his latest posts on the social platform X saying that Hamas fears nothing more than Israelis and Palestinians living side by side. To continue down the path of terror, violence, killing and war is something we can't do. Is pressure building to end this war? It is? And that was an interesting tweet. I don't know if you still call it a tweet. An interesting post on X by the President which suggests that he is slightly moving away from a full embrace of an Israeli continuation of the war. I think it's a little hard to tell. The Israelis very much want to destroy Hamas, and they believe they can, and they believe they must take this opportunity to do so. They believe that they want to get as many hostages out as possible and then go back into war. It is clearly the case with the President and many many people abroad think that the war has should stop. Too many people have died, too much suffering has occurred. And I think that politically President Biden is worried. He's also facing internal dissent in his own administration. But you know, it could also be that they sort of thread this needle in the way that allows the Israelis to go ahead in some days time, but in a way that is more targeted, there's less civilian death, and that allows them to declare a victory. We shall see. Are we seeing that play out in the thinking among Israeli officials leaders in Israel that we could see a more targeted approach and what would that look like? Yeah, and what would that look like is a great question. We are it's very very hard at the moment to get any transparency on what the next military phase will look like. When you ask, you're told, sorry, pal, we're not sharing it with you. But it is clear from public statements and also from pressure from Washington, that they have to reduce them the kind of bombardment that began in these first weeks of this. This is now almost an eight week conflict, and it is clear that they want to go after the leaders of Hamas and it's military infrastructure. They are saying that they've killed about five thousand Hamas guys. They were saying there were about thirty thousand of them, So you know, from their perspective, they've made progress, but they've hardly gotten everything they need. Now, what would it mean to go in a more targeted way. You're going to have two million people sort of crowded into the southern part of Gaza. I don't know how you're going to go get underground there without killing people. So I don't know how they're going to do it, but that's clearly something the Americans are demanding of them before they let this go forward. What do we know about the hostage releases that are expected today, Well, we know that these rulis have been given another list of ten. Again, only women and children have been and gate involved in these exchanges so far, and I expect there'll be more women and children in the next day or two. Then the question is would they get to some men, some soldiers and that's I think a more difficult thing. So far, it's been three Israeli three prisoners Palston prisoners for each hostage. That may have to change. Yeah, we do know that there have been talks underway and caught her with the CIA director Bill Burns to potentially get that ceasefire and hostage deal extended beyond women and children, something else for us to follow. And no, we will be doing that as well. Ethan Bronner, thank you so much for being with us this morning. Ethan Bronner, Israel bureau chief for Bloomberg News, joining us this morning from Tel Aviv. And now we want to bring you our conversation with the founder and CEO of Pershing Square Capital, Bill Ackman. He says the Fed's going to cut rates sooner than many of us expect. Bill Ackman joined Bloomberg's David Rubinstein for peer to peer conversations. They discuss the FED, the outlook for the US economy, and the twenty twenty four presidential elections. So let's bring you part of that conversation right now. I do think the economy is weakening. We're seeing evidence of that in some of our companies. You're seeing I have some concerns. There's been a huge subsidy in terms of low interest rates and companies. Most companies fix their rates or their debt at very low rates, and certainly real estate investors did the same. And that works until it doesn't work, And so I think we're what's going to be interesting is to see what happens when people get have to reprice their debt, and I think that can have sort of a cliff like effect, and you're certainly seeing that in real estate now. The markets are assuming, and the markets are not always right, but the markets are assuming that there's going to be a FED discount cut sometime next year. As we talk now just about the end of November. It's not clear what the Fed will do. But some people say that the Fed, if they were to cut interest rates next year year, would help the Democrats and therefore be seen as very political. The other hand, some people say the Fed can't wait till after the election because the economy might need a stimulus. So you have a view on what the Fed is likely to do. I think they're gonna cut rates, and you know, I think they're gonna cut rates sooner than people expect, because you know, what's happening is the real rate of interest ultimately, which is what impacts the economy, keeps increasing as inflation declines. Right, So if the FED keeps rates in the sort of middle fives and inflation is you know, trending below three percent or you know, that's a very high real rate of interest, and I think that is having a sort of retarding effect on the economy. And then of course, again you know, many businesses and certainly many individuals have the benefit of fixed rate debt, and that fixed rate debt, certainly for companies and for commercial real estate, starts to roll off. So I think there's a risk of a hard landing if the FED doesn't start cutting rates, you know, pretty soon. So you know, I think the market expects sometime middle of next year. I think it's more likely probably as early as key one by its own and miss and the FED probably missed inflation initially they said it was transitory, but they played catch up and they've increased rates considerably since that time. Do you think the FED made a mistake in not handling inflation differently at the beginning, And how do you think they've done since they started increasing interest rates? They certainly made a mistake. I mean, I think they would have FED generally as an institution, would admit that. I think that they caught up and effectively. So you give them credit for acknowledging the mistake and being pretty aggressive. And then I think, you know, you want to make sure that they're you know, German Powell's desire not to have a legacy of causing or contributing to long term inflation, doesn't, you know, cause them to make the opposite mistake, I mean, keep rates too high for too long, and I think the market expectation is you know, called it middle of next year, July something like this for the beginnings of easing. I think the economy will likely demand an earlier move. And I don't think of the FED as a or at least this FED, a particularly political institution. I think they're really trying to do the right thing. President Biden has called his economic program biden Nomics, which has met some derision in Republican circles. You've been an active supporter of Democrats, I think more than Republicans. Is that right? I would say historically I have you know, I would say today I certainly consider myself and have for years now a centrist, okay, and I'm much more open to Republican candidates that I am to re electing President Biden. So I you know, you would say otherwise. You know, again, I want to elect the best leader of the country, whether that person is a Republican or a Democrat. But you haven't publicly said you're supporting President Trump if he's the nominee. Ye. I've been supportive of you know, I've been supportive of Nikki Haley. I've been supportive of Chris Christy, I know, the vag Ramswani and I was, you know, pre his launch of his candidacy, I was, uh, you know, supportive of his having a young, smart, talented, uh you know, business leader as a next president. He's just been a little too far off, too far to the right, and also been disappointed a bit with his you know, geopolitics and how he's thinking about dealing with some of the wars that we find ourselves in the midst of today for the economy itself. Do you think it really is going to make a difference if President Trump is if he's the Republican nominee it gets selected, or President Biden is the Democratic nominee he's selected, who either one. Would it make a big difference for the economy in the next year or so if either one is the president or the economy is going to do what it's going to do. You know, I do think leadership matters enormously in everything from the economy to geopolitics, and I hope we're going to have a broader selection than Trump and Biden. There's actually an interesting candidate who just announced his candidacy on the Democratic side that I would say, no one has heard of a congressman named Dean Phillips. You probably have heard of him, may know him. Met with him recently. I was impressed. I think the best I think Biden done a lot of good things, but I think his legacy will not be a good one if he if he is the nominee, I do think the right thing for Biden to do is to step aside and to say he's not going to run and create the opportunity for some competition of alternative Do you think that I think that I think he's past his prime in kind of meaningful way. I think the global security, I would say, and is going to become a very high profile issue for I think the country. I think people are concerned about what's going on in terms of Russia, Ukraine, you know, the Israel Hamas situation. You know, Russia and China are pretty belligerent today. Our relationships are not good. So I think you know, you, I do think of It's a bit like being CEO of a major company. It's a it's a it's a full time job, and you need to be at your you know, you need to be strong, you need to be at your intellectual best. And I don't think Biden is there. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, seriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.

Jay Bryson, Wells Fargo Chief Economist, and David Kelly, JPMorgan Asset Management Chief Global Strategist, break down October's US CPI report that shows a steady easing in inflation. Liz Suzuki, Bank of America Securities Analyst, says consumers are relying on excess savings amid the discomfort of higher rates. Greg Valliere, AGF Investments Chief US Policy Strategist, expects Congress to pass a government funding bill and avert a shutdown. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance  Full transcript:I'm Tom Keene, along with Jonathan Farrow and Lisa Abramowitz. Join us each day for insight from the best and economics, geopolitics, finance, and investment. Subscribe to Bloomberg Surveillance on demand on Apple, Well, Spotify and anywhere you get your podcasts, and always on Bloomberg dot com, the Bloomberg Terminal and the Bloomberg Business App. Is the Fed Done? Is this basically what we're looking at right now? The all clear sign for the Federal Reserve to have to do more. Jay Brison, Chief Economist, it W Wells Fargo joining US. Now I ask that to you, Jay, does this sound the all clear for the FED? It does for right now, Lisa. I mean, you know, these numbers are going to bounce around on a month by month basis. You know, I wouldn't. Our view is that the FED probably is done. But I don't expect FED officials to be coming out just because of this one report saying oh it's all clear, everything's great out there. I mean, I think they're still going to continue to be biased to potentially tightening. We don't think that will happen, but you know, in the next few months, these numbers kind of reverse and they kind of pop up, and the economy expands at a stronger unexpected rate, you could potentially see them going But again, I think that's a that's a high bar at this point. This adds to signs that there is some sort of cool and this is the reason why so many people are talking about a soft landings. You haven't seen the real cracks you'd expect ahead of a massive recession. Jay, do you think that is an accurate categorization of exactly what we're seeing with prices not going up as much as people had expected. Yeah, I think that's right, you know. I mean, if we were still clipping along at a year over year rate on the core of a five percent, we'd be talking about the Fed hiking even more. And when you start to hike even more, that's when you have the problems. So, you know, so the potential for a soft landing is still there. I guess what I'm a little bit still watching and concerned about is that the real FED funds, right, you know, the nominal rate minus some sort of inflation rate continues to drift higher, and that's what matters for the real economy. And so I think the Fed is going to delay easing at this point, and so we may or may not have a downturn early next year, but I think the next few quarters because monetary policy is going to remain restrictive. I think you're looking at headwinds on xanomic growth. Is it mission accomplished? There's a comedy to that, a painful comedy for our geopolitics, our history, Doctor Bryson. What are we getting to a transitory point where this Federal Reserve can say mission accomplished? Well, again, Tom, I don't think they're going to come out and say that right at this point. But you know what I would say is the bar for further rate hikes is getting higher and higher at this point. Many of the members on the FOMC think they have done enough at this point, and you know, today's rally and the tenure notwithstanding, you know, we still have seen you know, relatively high long term rates and so there's a fair amount of headwinds on the economy right now. Again, they're not going to come out and say mission accomplished right now. They need to see a few more months of this before I think they feel confident in that this is certainly a good start in that journey. But I still think, you see, you need to see a few more months of point two's before they say accomplished. Lisa, the mission accomplished December twelfth a CPI report before a December thirteenth FED meeting, and or just to really echo what Jay was talking about that the bar is getting higher and higher for them to go again, evidently the bar is getting a bit lower for them to cut rates. FED dated swaps are now pricing in the first twenty five basis point cut for June versus July. Before we got this print, Jay, there is this issue of what we're going back to. Are we seeing a fast enough pace of disinflation to believe that two percent is very much in the horizon. You and your team have been excellent about the last mile of getting inflation down from three percent to two percent? How far along that process are we? So, you know, I don't have the numbers here in front of me, Lisa, but you know, I think if you look at the three month annualized change in the core, we're probably at three and a half percent right now. So if you want to get back down to two, I mean, what you need is you need a few months of point twos and even point one to kind of get you there. And I'd think we're still looking at a number of months for that. We don't think we're going to be looking at that sort of number until the second half of twenty twenty four. But I don't know if you necessarily need to be two percent annualized for a few months before the FED cuts. I mean, they're going to be looking forward, right and if they are confident that things are really going to slow down, then they could start to cut rates, you know, maybe summer or so of next year, Doctor Bryson, thank you so much. The chief economist of Will's Frogo Ja Brison, David Kelly, will adjust. He's chief Global Strategists at JP Morgan Asset Management. With his years at Putnam knows when the facts change, he will change. David Kelly, how does your analysis change with this shock report? Yeah, so this this report is actually very close to who we're looking for here. As we're tracing as inflation, we can see right down to below two percent on the consumption deflator by the fourth court of next year. I think what's really important about this report is there's a large camp of people who say that the last mile is sticky, getting from three to two is sticky, and we don't see that at all. We're going to step down inflation all the way through the fourth court of next year. And what I think this report is showing is across the board, there's disinflation in the US economy and we're heading back to two percent. So I think that is gradually changing in the minds of the markets. I think that's why you've seen this move here, although it's not necessarily coming with paying David, and this goes to the soft landing Nirvana that Neil Dotta was talking about, that real average hourly earnings increased by zero point eight percent, up from zero point five percent. People's earnings are exceeding at the pace of inflation and in a material way for the first time in a long time. How much does that lead to a stickiness because people have the means to keep paying the prices. I don't think so, because I mean, we've had periods of positive real wage growth before. But what I'm saying looking at the earnings reports from the last quarter is companies are very focused on holding earnings in check. Now, yes, you can say that today's earnings are higher than inflation, but from a worker's perspective, they're not even getting catch up from all the inflation they saw over the last two years. So what you're seeing is partial compensation for previous inflation. But I don't see a lot of evidence that companies are being able to push higher prices the workers being able to push higher wages. So overall, I think what we're seeing we're not seeing a price wage spiral. We're seeing a price wage slinky. They're both gradually coming down the stairs slowly. I think this is just going to continue all the wage two percent, and there's a question mark around Yes, this is definitely good for bonds and you're seeing that rally in a massive way today. Is this necessarily good for stocks over the longer term if it is accompanied with a cooling in the economy. Yeah, I think it is. Now. There are things that could go wrong, and there's certainly parts of the stock market that are overpriced, but I think what's happening is work turning to where we were ten years ago. We're turning to an economy with two percent inflation, very slow growth. That low inflation can allow for lower long term interest rates, which supports all asci prises, bonds and stocks alike. And of course stocks are the ultimate long duration asset, so they will benefit from this lower rate environment. So, you know, soft landings never last forever. They'll eventually the rote and we'll fall into recession. But for right now, this does really show that inflation is steadily coming down, and we've just got to we've got to recognize that's going on. Regardless of Fed officials who occasionally say that we're not there yet or tour into declare victory. Look, I'm willing to say we're going to win this thing. It looks very very likely they're going to win this. In Invation down to two percent by the end of next year, Small Stacks Russell up four percent, NASDAK up one point eight percent, though Nasdaq one hundred, I should say Dow lags up one point one percent, Standard Impores five hundred, up fifty, up fifty five, up sixty, and now up sixty three points one point five percent. Doctor Kelly, I want to sum this up to the angst that Lisa Brambo Bramo Wit says on our nation's debt. If we get inflation down, if we have a successful FED, does that give you confidence that we can have in long term our minus G relationship, our minus G equation, that will mean our debt and deficit is of less fear a little bit. I mean, it's still what you're basically saying is we can service this debt at cheaper prices no matter how large it is. Yes, we can to an extent, But I think the amount of debt we've piled up in recent years is going to mean permanently higher loge of interest rates experienced ten years ago, so that that problem is going to be around for a while unfortunately, I see no evidence that there's any consensus in Washington about doing anything about it about it, so I'm still worried about poppulism. Left of the right just pushing these depths its higher and higher in the years ahead. Doctor Kelly, thank us so much, David Kelly, JP Morgan joining US unapplied mathematics of big box retail. Elizabeth Suzuki joins US at Bank of America Securities. When you were going through polynomials and you know, doing ferrisproof and all that and applied manth, you think you'd be an aisle four at home depot. I did not. I never thought that my work was going to include channel check at stores that I just go to anyway. In fact, now you know, as a homeowner for the last you know, six years, I'm in home depot pretty much every weekend, maybe every other weekend. But I mean it just never stopped. Wonderful. I've never been to the one downstairs Ferrell's down there once a week picking up something. Let me cut to the chase, which is the new post pandemic home depot world and for other big box as well. Can they fix the problem on the income statement? Can they take out expenses like Disney or you name the bank. Sure, you know, I wouldn't really categorize it as a problem on the income statement. When we think about what Home Depot is going to do this year in terms of sales, they're probably going to end up about fifty percent higher than they were in twenty nineteen. And just putting that in context of the broader industry, which is tracking up about like twenty percent versus twenty nineteen levels, that's an amazing amount of market share that Home Depot has been able to take. I mean, we're coming down off of these very very high levels of spend. During the pandemic. Homeowners had you know, easy rates to be able to borrow against. They also had you know, stimulus money to spend. They were moving at much higher frequency. A lot of people moved out to the suburbs during the pandemic. I mean, we've seen a slowdown in that, and you know, I think what's been surprising this year to the downside and just where we've seen that pressure on the top line is really mostly from housing turnover basically coming to a standstill, you know, so as as we expect. Yeah, so I think, you know, as as rates start to moderate or potentially even come down, maybe towards the second half of next year, I think that's going to help spur that housing turnover again and we're going to see more of a return to normalization in terms of that top line salesca Given what mortgage rates are, do you really think we can normalize the fact that some people just locked in their homes with the two three percent mortgage you just aren't moving anytime soon. Yeah, you know. I think it's like once rates really stabilize, maybe come down a tick, you know, a couple of rate cuts, potentially in the second half of next year, then you know the homeowner is saying, okay, like rates are probably not continuing to go up, I can potentially refinance. If I were to move today, I'm locking in a rate that's higher than what I wanted. But I feel like there's some potential for that to come down over time, and maybe it means that people buy a house that's a little bit smaller than what they wanted, or it means that you know, some people who are moving and you know, are going to have to absorb a higher rate. But because households have such high levels of savings they actually can absorb that. It's just it is uncomfortable, right So right now we're feeling that discomfort in terms of existing home sales, which are the lowest they've been in thirteen years. How much does home tapot rely on the housing market versus the fact that people aren't moving they are buying new refrigerators I'm just saying, or they're buying new stoves or new microwaves or other items in the house that might break. I mean at a certain point, does that actually help these companies? Yeah, I mean the sector is not as sensitive to housing turnover as one might think. I mean, when you're seeing these negative data points on housing every day, and if you already have sort of a negative bias, each one of those data points just kind of confirms your bias and you're going to say, of course, things are terrible right now. So what we've done is we tried to look at basically every macro factor you possibly could. And this is really where that applied mathematics comes into play. As we built a proprietary indicator of home improvement demand and we narrowed it down to fourteen different factors that are reported monthly that we can correlate to Home Depot and Low same store sales growth. At the end of the day, that's pretty much what drives these stocks is same store sales growth. So we narrowed it down to these fourteen factors, we built an indicator off of it, and then that indicator helps inform our views where we don't have to be dependent on the company's guidance, we don't have to be dependent on third party forecasts. Like we're able to actually look at the factors that matter, and then months to month we can track each of those factors and not get distracted by the noise that we hear in a lot of these other data correlated as Home Depot to some of the other retailers that are not related to the housing or home improvement sector. Yeah, I mean, that's that's a really interesting question. And I think, you know, when we boil it down and look to look at the broader sector and look at Bank of America's credit card data for the home improvement retailers, which is you know, just very broad category, Home Depot has outperformed that group pretty consistently, like actually very consistently over time, and Low's has as well. By at least two hundred basis points. So you know, the market share gains here are pretty material, and that's something that I want to just continue to kind of hone in on. In this result is even though their sales are down three percent, we've seen the category down you know, mid to high single digits year over year for most of this year. But in terms of correlation to you know, to other retailers, it's it's pretty independent. I mean, it's it's some factor of the broader consumer and the health there, and so obviously there's correlation to like a Walmart and a Target. But because it is related to housing and really home prices are one of the most important factors driving home improvement demand, that's really where it kind of differentiates. We've all been surprised by the strength that is economy this year. There's a bunch of companies that fall under your coverage. We're trying to work out whether we are at the precipice just around a corner from a severe weakning of the economy. Do you see any of that emerging whatsoever going into year end? Yeah, I mean I think that there are categories that we follow that are struggling more than others. You know, appliances, We talked about refrigerators. I mean, appliance sales are down. You know, the volumes have been under pressure. Margins are coming under pressure as well. We saw promotions that started in October for appliances. So if you're you should get on it, if you're you're in the market for a fridge, because I think those promotions are going to be, you know, pretty pretty attractive this year with the cameras. Some impressed. Yeah, I just kind ofd you get no, I just want to hear what you have to say. Carry on. But you know, consumer electronics is another one, right, I mean, as as Home Depot said in their press release or seeing pressure on big ticket consumer discretionary product. So consumer electronics definitely one of those. Appliance is kind of fit in that bucket from New York University just emailed in. So you're sitting here with Ken Langohn, He's gonna go. This is all a lot of great chat. But the bottom line after a three years pandemic and lays let's call it is, can they get back on track to the total return that we were weaned on? Can they get back to sixteen eighteen to twenty percent per year share return. Yes, I think, you know, in this current macro environment, that's tough, you know, because the consumer is pulling back on spending and we are coming off of this you know, sugar high from the last couple of years. But you know, we as we look to twenty twenty four and twenty twenty five, we see no reason why there shouldn't still be growth in the home improvement sector beyond the broader economy list. This was great, Thank yous. Going to see in person as well. Greg Fadia joint is right now, the chief US policy strategistic AHF Investments, Greg, in your mind, from your perspective, in your opinion, do you think this pass can pass, can get through Congress this week? I think they can. It's been so humiliating for them for the last few weeks. I think they know they've got to do something. The credit rating downgrade is serious. So yeah, I'm at sixty forty one minutes possible that a handful, once again, a handful of far right radical Republicans could kill this, but I think they want to give at least on this first bill. They want to give Mike Johnson a victory. This is what I was going to ask Greg, who does this particular offer upset more? Is it Republicans within his own party or elsewhere? What's a good point, John, There's so much in the bill to hate. For the Conservative Republicans, there are no spending cuts and they're quite upset over that. For the White House and the Democrats, the fact that there's nothing for Israel or Ukraine is very troubling. And we can say, oh, we'll get them some money in February. Well, they need money now, and I think to not send our allies this money sends a very bad signal. Greg. It's that time of year. Our Greg Durou owns a high ground and keeping track of who's leaving, who's coming, who's going in the House, in the Senate. Juan Williams in the Hill today or yesterday, I should say, really writes it up of the Republicans leaving the House. I think this is underreported. You've got Buck, You've got Granger, You've got LESCo, You've got Sparks, on and on. Is this going to be even a more Trump Republican party? Not in a year, but in a matter of weeks it could be. Yes, and a lot of the names you mentioned are people who are disgusted. They can't take it anymore. I also think there's a growing chance, a very good chance, that the next Senate will elect a year from now, will be controlled by the Republicans. They have, I think, an easy chance to take the Senate. Now, I look at this as wildly underport. You know, we'll focus on mansion and that in Spenberg or Virginia. Have you seen it like this before? Is this normal changing of the chairs to musical chairs or is there something unique here? Well? I tell you, Tom, I think what is unusual is to have Democrats talking now openly about a need to get a different nominee. That's really unprecedented. You probably have to go back to LBJ who lost support in his own party. That makes the Democrats nervous, the fact that they could lose the Senate and lose it convincingly. We'll get back to that in one second, because I do want to get your view on that. But just to build on what you're talking about, the fact that Democrats are joining with Republicans, some of them, to back Mike Johnson's plan. Isn't this what got Kevin McCarthy ousted his House speakers Bingo, that's right, And I got to think that we could have a repeat. You only need like three or four at the most five no votes and this whole thing could fall apart. So I think that Johnson has to worry that he could suffer the exact same fate as Kevin McCarthy. And there's still are nine, at least nine ultra conservatives in his party who are going to vote against this, at least as for now. What's worse though? On an international stage, you were talking about no funding for Ukraine and Israel. Is that worse than a government shutdown in the US. I think a government shutdown has become so ordinary. A brief shutdown wouldn't be as serious as sending a signal to our allies that we can't support them. I mean, this, I think is really very, very unnerving. And one other point I'd make quickly. I do think the final outcome is Johnson having to kind of deal with Democrats. I think that's the only way we're going to get a deal in the next week or two is to have the two parties unite on this. What will be the ramifications of that. I call that doing a John Bayner for an international audience. We've seen this before. But then what is the outcome if he does that? The outcome is going to be an effort to Ouston. I still think it's less than fifty to fifty. I think they want to give him a victory. Tom, but you could see a lot of Republicans say this is totally unacceptable. Great, let's talk about the race for the presidency next year. The field is narrowing on the Republican sign and it looks like Nicki Hade starts to attract some money. What do you make of the moves we've seen in the past week, Greg Well, Tim Scott didn't surprise me in the least. I think that they're the strongest other than Trump, of course, has been Nicki Haley over the last few weeks. She's got real momentum. DeSantis does not. He didn't even mention his endorsement in Iowa from the govern I can't figure it out. That was so Weirch can't just jump in, What was that about? Why didn't that come up in the debate. I don't get it. She endorsed him, I'd be bragging about it, but he didn't even bring it up in the debate. That was mystifying, but it's still trunks to lose. Trump has said some extraordinary things in the last few days about how his opponents are vermin using, really even by his standards, exceptionally harsh language, but his numbers hold up. He still has the base, and that means we need to narrow the field potentially even more for the Republicans. Who's next to drop out? Greig maybe Ramaswami. He's got money, but I could see him drop out. He's got no traction. His numbers don't look good. I think DeSantis and Nicky Haley stay in, and probably Chris Christy stays in, and that's good theater. Well, at this point, maybe the field is narrowing on the Republican side, but in some ways it's actually widening on the Democratic side. You said that there's real fear and there are real calls within the Democratic Party to have some other options than President Biden. How realistic is that? Who is everyone coalescing around? Well, that's the problem, nobody. And I think one of the strongest things that Biden has is the lack of any clear successor, and I think because of that, he will be the nominee. Apparently In the last twenty four hours, he's been very angry, profane, criticizing people like David Axelrod. I think he feels that he should be the nominee. I think he will be the nominee. What do you think he's so upset about, Greg oh mocking him for his age. Probably more than anything else. You can't do much. Can't do much about that, That's true, Greg Valier of Jeff Investments, that any of us can do anything about that. Greg, appreciate you up desa. Subscribe to the Bloomberg Surveillance podcast on Apple, Spotify, and anywhere else you get your podcasts. Listen live every weekday starting at seven am Eastern, on Bloomberg dot com, the iHeartRadio app, in in the Bloomberg Business app. You can watch us live on Bloomberg Television and always. I'm the Bloomberg Terminal. Thanks for listening. I'm Tom Keen, and this is BloombergSee omnystudio.com/listener for privacy information.

Julian Emanuel, Evercore ISI Chief Equity & Quantitative Strategist, expects consolidation in the streaming industry in the coming years. Greg Valliere, AGF Investments Chief US Policy Strategist, discusses the third Republican primary debate. Cameron Dawson, Newedge Wealth Chief Investment Officer, says it's too early to know if the uplift in unemployment will barrel higher into next year. Geetha Ranganathan, Bloomberg Intelligence US Media Analyst, breaks down Disney's better-than-expected 4Q earnings. Ellen Wald, Atlantic Council Senior Fellow, discusses the global oil market as crude prices remain low.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance    Full transcript:  I'm Tom Keene, along with Jonathan Farrow and Lisa Abramowitz. Join us each day for insight from the best and economics, geopolitics, finance and investment. Subscribe to Bloomberg Surveillance on demand on app, Spotify and anywhere you get your podcasts, and always on Bloomberg dot Com, the Bloomberg Terminal, and the Bloomberg Business App. Jitting a manuel jointed to surround a table Chief Equity just over at evercor SI jitting Good mornings here, Good morning. Have you been participating in this wonderful, beautiful thing that is an eight day winning streak. Yeah, we have, you know, several weeks ago we just felt that when you backed off of that five percent yield, And I know we've been talking about it, but it is the fact that in this world now for the last year and a half, where stocks and bonds have been positive correlated, if bond yields go down, stocks go up, and backing off of five percent was huge for the psychology. And now we've got this unexpected oil price plunge, which is even bigger for Cheryl, I'm with you. Those two points yesterday stood out for me. Break a four to fifty on a ten year break of eighty on Brent crude. At what point do these correlations start to break the other way? What brings up hot that change? Well, we are watching that very closely. And guess what, the high frequency data is really important because that chart you were talking about a few moments ago, with the unemployment rate rising from three to four to three nine in the past, when that starts to happen, it tends to snowball. But where we're going to get the initial read on that is that eight thirty jobless claims number starts edging over two hundred and fifty thousand, we get a little bit cautious. Three hundred thousand is where we know the economy is going to turn down. I'm supposed to fold in now A question on Ed Hyman's Hicksy and Islm theory and his disinflation theory into your stock babble, forget about it. I love the single sentence you have which pushes against all that malarkey by saying price is paramount. Right now, when you talk to Ed Hyman, how does a respond to you telling them your economics doesn't matter, price is paramount. I'll tell you how five weeks ago Ed Heyman started putting out in almost daily the act that gasoline lean prices started falling as the conflict was erupting. You already had the turn in gasoline prices completely, you know, devoid of real sort of prosperity with Hymen's disinflationary tendency or outright deflation in China. Look, if you look at the last fifteen years, you've had episodic times of that from again. Obviously the financial crisis is one of those times. But ultimately what it comes back to again for equity investors, for bond investors. First of all, the whole idea of getting a real return on money in this world now is actually a positive for financial assets. It's a positive for capital allocation, and long term, it's a positive for growth. And that's you know, that's part of the equity investing mindset. Do you need a long term view right now or do you just trade the short term. It's really difficult to have a long term view because of what we're talking about the inflection in the economy potentially happening. But if you take the super long term view, is that even if you get the recession that Ed's thinking we're going to get, that it's going to be mild in twenty twenty four. What you're left with is a labor market that has rebalanced. What you're left with is again a real cost of money, better capital allocation, and frankly, we've talked about this before, you have new technological developments like generative AI that is going to improve the productivity of corporate America over the long term. One of the main frustrations of this year was that pretty much everything everyone said at the beginning of the year has proven to be wrong, including that this would be the year that tech stocks would fade more meaningfully and you start to see a broadening out in the rally. Energy stocks would start to be the true leaders. You just actually moved away from an overweight and energy and are talking more about generative AI. It seems like the theme just keeps on being that the leaders will keep leading. Everything else will just have to figure out where they fit in. Well, look, again, the recession will probably, you know, to the extent that it does arrive in the next twelve months or so, rationalize some of this, but ultimately what it's going to do, and look, part of the consternation on equity investors' minds is the fact that the Russell two thousand is making new lows. Ultimately, you're going to get to a point where there will be an attractive price for the other four hundred and ninety three stocks away from the Magnificent seven, and you will get to an earnings reset. We think that's part of next year's narrative. This is the difficult question I think people have got to confront at the moment. Do I want to buy the recovery to the recession I've not had yet, given the damage we've seen in the small camps. You can pick up various places to back up the consumer discretionary story. Allines, for instance, which have come way off the peak back of the summer. Do I want to start picking up the pieces going into what could be a slow down next year. We think you need to be balanced. It's one of those things where again, given the lack of visibility into next year, what we always say, we've had a very nice run in recent weeks, and if you go back over the last year, it's been a very nice run off the October lows. You need to be comfortable with the fact that if the market comes in ten or fifteen percent, which it does in any typical year, as it did several weeks ago, that you're a buyer of the dips and whatever that asset allocation is to you. That's the kind of discipline you need to employ. Goldman speak to this as well. We've gone through their note this morning a few times. It's worth doing it again. The hard part's over. More disinflation is in store over the next year. On growth, they see limited risk of a recession, and they say this on central bank policy. Then this is a really really interesting point. An increased willingness of central banks to deliver insurance cuts it grows slows. Earlier this week, Ben later on this program of E Toro, was saying the FED put was back. Lisa and I looked at each other and almost spat out our water. The FED put is back insures cuts of growth slows. Is the old fetch story returning? No? Why are they wrong? No? Look, because there is an assumption that there is a reflex reaction to a minus GDP quarter. Thankfully we didn't see it in twenty twenty two when we had that, because if you had interrupted the rate hiking program, you wouldn't have gotten to where you are. And you can argue both sides of this case, but frankly, for US, there is a commitment, given the fact that core PCE is still solidly with a three handle, that you just can't go down that road unless it really looks like there's a severe economic downturn. And we still think there's enough savings left over so that won't be the case. Judy and awesome as a was Emmanuel have et a court joining us now to brief off the GOP debate. Last night, Gregory Vliate, US policy strategist at AGF Investments. Gregory stood on the floor of the GOP convention of two thousand and four, and it was a different Republican Party. George Bush Junior wanted a more hopeful America. What's going to be that slogan this summer for the Republicans? Well, I think they'll emphasize the economy. They'll state that Biden has not done a good job. Frankly I would disagree, but I think that they'll make it more about the economy than anything else. The really intriguing issues are abortion number one, number two. How much more involved are we going to get in Ukraine and Israel? What about the idea that they're losing elections, not doing as well in certain elections. It going to be the mix of that we just saw it can be from a year ago, November, etc. How do they start winning again? Well, I don't think you talk like Ramaswami. I think he talked himself off the boat last night. I don't see much of a future for him. Probably not much of a future for Tim Scott. So it's dwindling. You've really only got three challengers. DeSantis, who was okay last night but made a strategic error he didn't mention the governor of Iowa had endorsed him. I can't believe he didn't talk about that. And then you've got Nicky Haley. He'll stick around for a while, maybe Chris Christy, but we'll begin at twenty twenty four. I think with just two challengers to Trump, that would be DeSantis and Haley. Do you think either of them have a chance of taking Trump off the ticket? Who would either of them? Oh? No, not at all. I mean Trump would have to do something really egregious, and he's pretty much filled the role on that for the last couple of years. So no, I don't see anything, you know, barring a health issue, that will keep Trump from being the nominee. Meanwhile, President Biden is going to meet with the UAW leader today and the there's a real question of what he can do to shore up the image of bignomics, of what's happened in the economy, which some people are saying on paper doesn't look so bad, yet in practice, has a lot of people feeling like they want something different. Well, it's a good question, Liza. I'm told that within the White House, Trump Biden is angry, he feels he's done a pretty good job in the economy and gets no credit. So he's going to hit the road and try to make his case. The problem is an awful lot of Americans fear that we're not out of the woods, and there's still more inflation threats, food, gasoline still to come. Greg Valier one oh one. Folks, this is a great course to take in politics. You get it off the back of a matchbook. You can take Valier one oh one. Greg, Your value one oh one is fiscal issues at the day of the election don't matter. Are you telling me the debt and the deficit don't matter the first Tuesday of November, Well, when you look at net inter cost, you look at borrowing costs, this is becoming a major crisis for the bond market, and there's no mood in Congress whatsoever to dramatically cut the deficit. However, I think that once we get through Labor Day of this coming year, this stuff will be irrelevant. I think attitudes harden during the summer. If Trump is well ahead, he could pull us out. But I have a feeling that Biden will come back. I have a feeling that the Democrats all of a sudden are motivated because of what happened in Kentucky. Is a path of least resistance for the former president. Another tax cut that's going to be on the agenda. You're absolutely right, Tom, and I think with the Senate probably flipping, in the House probably flipping, you're going to have a climate that will be ripe for a huge argument on whether we extend the Trump tax cuts. I think we will. I think Trump will talk about tax cutting even though the deficit is enormous. Greg, I have to wonder whether this time is different. A lot of people come on the show. We'll say dysfunction in Washington, DC is the reason why yields have been flipping and flopping and going all over the place, and then they talk about a potential government shutdown and say markets won't care. Have we reached the point where market dysfunction is going to result from political dysfunction in DC in a more material way. Well, we're going to see probably another alleged crisis on November seventeenth if there's no budget. I don't think the markets will be all that concerned about it. I do worry about the credit agencies, you know, fitch S and p downgrading US debt, not just because of the size of our debt, but because things are so dysfunctional in getting a budget. Great to catch up, Greg, appreciate your input. Greg Vally. THEFJEFF investment's gone into next year, as Ed Marangi and Emmanuel. So are you a confirmed bull? Cameron? I think that given the setup into your end, we can expect some kind of Santa claus rally just because of tax loss dynamics into the end of the year. The largest weights in the index are up the most this year, which means that you don't have eager sellers to recognize tax games. This is very different than last year, where the largest weights in the index were down a lot people sold them and you effectively puked into the end of the year. What it's the proverbial puke into the end of the year? Okay, thank you? Can we say that on radio? We just did, Cameron seriously our Warner Brothers discovery yesterday. Puke as you call it. Okay, how does that handle by tax saw selling? Well? I think that it will magnify as we go into the end of the year. You look at the areas that are down the most. This is small caps, This is cyclicals, This is healthcare some of your defensives. These are the areas where people are looking for tax sace harvesting opportunities. The key point though, is that they're smaller weights in the index or they're not part of the index. So when we just look at the S and P five hundred, that could be something that supports it into end year. So help me here. Am I buying the index the S and P five hundred? And am I looking for buying opportunities in small camps? The financials, things that have struggled? What am I doing? I think that you have to look for opportunities and things that have struggled as you go into twenty twenty four, because we know that pain trades usually are reversal trades in leadership and just at the point where everybody throws in the towel and says, well, you can't own anything but the magnificent seven. These are the names that give you optionality on AI and they have the best earnings growth. Everybody crowds into them, that's typically the moment that that's when they start to lag. And so I think we have to have the imagination that other things could do well in twenty twenty four. Other than just the narrow leadership that we've had this year, the Tilson Slock of Apollo's writing questions for us this morning. This is the question he's asking in its most recent note. Everyone who's bullish on equities and lower rated credit should ask them sound where they think the labor market will be in three months. With the Fed on hold and not showing any signs of cutting anytime soon, what's your labor market bed With that in mind, we are having the ultimate debate is if we're seeing normalization or we're seeing weakening. And the challenge is that normalization is usually the gateway drug two weakening, meaning that you see a little easing that turns into a lot of easing. But we're not yet seeing definitive data yet to say that the uplift we've had in unemployment is going to barrel higher. The key thing to remember, though, the Fed itself in its SEP the Summary Economic Projections has unemployment going to four point one percent next year and they're not forecasting a recession. So that's going to be a key question of if we get that four point one percent, does that justify them easing policy? Is it okay to sort of say we don't care for now. Down the line, whatever happens will happen. In the meantime, we can dance in the head of a pin with oil prices coming off, yield coming lower, and risk appetite still available. Yeah, because if we think going into CPI next week, remember that gasoline prices are down ten percent over the month of October. That's very different over the summer months where gas prices were up a lot. It pinched consumer spending maybe a little bit at the margin. So that does create this beneficial environment. But I think it's important to remember twenty twenty two, we priced in the earnings recession. In twenty twenty three, twenty three, we priced in the earnings recovery in twenty four. What are we going to price in twenty twenty four as we looked at twenty twenty five, are we still confident that this entire economic setup can remain very strong, that unemployment won't be an issue, consumer spending can remain robust Given the lack of certainty around some of the outcomes, the potential outcomes with the economy, How nimble are you remaining How are you remaining nimble? To be able to adjust quickly. I think we have to remain completely nimble. We saw that over thet last couple of weeks where we went from deeply oversold to deeply over to getting close to being overbought. It means that technicals become really important. We can't get too lodged into narratives because narratives would have told you everything's ending back a couple of weeks ago. Be scared. Now the narratives are saying everything is fantastic. The thing is that we are at resistance when we look at technical levels forty four hundred very important for the s and P five hundred four and a half percent very important support for the tenure. How we interact with those resistance and support levels will be very indicative of the next couple of months. Speak to the people who listened to you and said, Okay, I'm really nervous, but I'm going to participate in this market and they own tech which literally on an hourly basis, has a bid right now. What's the character of that bid on the Magnificent seven. Well, it's extraordinarily strong. But then think about the difference in the setup going into twenty twenty two Magnificent seven earnings had been cut by about twenty percent over the course of the year. Now going into twenty twenty three, over the course of twenty three, Magnificent seven earnings had been revised higher by sixty seventy percent sent on average because of the better growth that they've had. So it's a much higher bar and I think that's where the discipline is is not trying to extrapolate too much of the experience of twenty three, get too crowded, and instead look for opportunities and areas that might be more left behind. You've been talking, Cameron about how difficult it is to follow the mood because it swings so massively from week to week. How much has the move that we've seen in yields underpinned your conviction that you can lean into the rally heading into your end. It certainly has helped. We've seen it play out in the valuation and now valuations are back to about eighteen and a half time's earnings. The question is is that the right valuation even given where yields are at four and a half percent, where that equity risk premium is The challenge with valuations though, is they are terrible timing tools and that they have no predictive power on a one year forward basis. So we can look at the market and say, hey, it's expensive here, expensive there, but that may not actually show up in price action for two, three, four years. And that's where that discipline of not chasing very high valuations comes in. When you have a longer holding period, you go breaking news TK on donuts? Is that where you want to go? DONI plural don't I? Yeah? Yeah, longer going far away the way a prime broker attracted a hedge fund. We can get you shares of krispy Kreme short. There's a in the East Coast, particularly in the krispy Kreme's more southern thing, and they're a different don I than what you get from Dunkin Donuts, which is, you know, there's cultures here. John, It's like it's like Greg's, but it's like American. Okay, all of a sudden, krispy Kreme nice video on radio. You are missing the making of the Magnificent. And the answer here is krispy Kreme is looking for a partnership with McDonald's. John Tower out with this and it's a mixed story of Ibada out there. But John Tower, a city group says first bite on d n ut. It's a McDonald's partnership that we may see. Do you know what you don't know? And I know this story already because Bramo shared it with me before Bramo breaking into the news industry and Fargo years and years ago for the first Crispy Kreme shop tre Tree story, true story. I covered it and people lined up. They camped out overnight to get the first Krispy krama. I went to interview that. You can't imagine that Bramo was what Bradma was like in local news, right, just get into a fluff. It was like, it's an investive piece. What are they doing with that? Money? Is unreal? Bramo and Farco, Yeah, I'm enough of a dunkin donut, which Krispy Kreme is just two sugary and sweet. Like camera doesn't help us out here, Krispy Kreamer duncan, he's never had a donut. There is nothing better than a hot, fresh Krispy Kreme donut straight from the friar. Nothing better, all right? The scripting at me in the control room shot there. Please let's make sure we're running at nine o'clock today. Look for Cameron Dawson had Krispy Creekdnie. What you need to know is it's April of twenty eleven. There was a show then Game of Thrones Winter Is Coming was the first episode. And that's where we are right now. With the screaming success in days of Blue Eye Samurai on Netflix. I'm watching it. I can't say enough about the shocking beauty of it. It is overwhelming, how it is game changing for streaming. Keitha Raganathan knows this. She's US media analyst at Bloomberg Intelligence. And I would suggest Disney knows this as well. Githa boyd A's Disney need a Blue Eye Samurai. They certainly do. And that's one thing Tom that Bob Iger really emphasized yesterday. He said he is looking to reinvent the studio. Those are the words he used, and he really emphasized quality over quantity. So you spoke about how spectacular Blue Eyed summariz that's exactly what Disney is going to go after. You know, they talked about, you know, the studio having some kind of franchise fatigue. Too many TV series created for the streaming service. They're really kind of streaming down or cutting down, I would say, pairing down on a lot of the content costs. You know, Lisa was talking about where those savings are going to come from, a lot of that is them just really cutting down on content costs. So they took down content costs from thirty billion to twenty seven billion. For fiscal twenty twenty three, they're taking that down further to twenty five billion, and that is where you get that big, big free cash flow number for them as well. Eight billion dollars is what they're projecting for twenty twenty four, or sixty percent increase from this year. Now I get it, it's anime, it's animation, but the basic idea is blue Eyed Samurai is is non diversity as we could get in twenty twenty three. Is Disney moving on from the tone and temperament of the last three or four years. Is Eiger going back to something or new to something different? I think it's a it's a combination of everything, a tom because you know, he needs to go back to the drawing board. He knows that there hasn't really been a new Star Wars or a lucasfilm movie since twenty nineteen. Obviously, the Marvels is in its next kind of iteration, if you will. So there's a lot of things that he needs to do. But the biggest thing I think for them for the Disney studio, and this has kind of been a little bit shocking. And you bring up animation, and that's a really good point because a lot of their recent animated movies have actually not performed as well as you know, some of us would have expected. And the Pixar has kind of been, you know, has had kind of this string of misfires, if you will. And the studio that is really kind of giving them a run for the money is Universal with Illumination. We had, you know, you have Super Mario, you had Minions, all of these animated movies from Universal doing really really well. So Disney obviously going back to the drawing board and kind of doing a lot of rethinking and as Bob Iger said, reinventing the whole franchise. If Bob Biker was the movie is this nightmare the same quote, that's that's a great knocking well. I mean, he tried his best. And if there is you know, any person for the job, any person who can actually fix and rebuild Disney. I think it definitely is Bob Biger and he, you know, kind of delivered signature Bob Biger kind of news yesterday. You know, lots of good news, lots of nuggets of you know, lots of nuggets of good good, you know, optimistic news for investors to kind of hang on to. Obviously, there is a lot of work that remains to be done, but we do know that there are some real growth drivers for Disney. Whether it's the parks business that is seventy percent of Disney's operating income, you know, throwing out about ten billion dollars in operating profits and cash flow. So that definitely is is a huge growth pillar for the company. And then of course it is streaming and how they're kind of going to manage that whole business. You know, we know that they're in the process of consolidating Hulu. You know, the big question is how they're going to manage the esp and transition. And you know, whether that then that Disney bundle, the streaming bundle, really becomes the competitor, a true competitor to Netflix. Is rebuilding a euphemism for shutting it down in terms of streamlining certain businesses and getting off selling the rest of it. Yeah, so he seemed to actually walk back a little bit of you know, the linear TV commentary. I know we've talked a lot about ABC and some of the other networks kind of being up for sale, but he also did say that there is a huge cost opportunity when it comes to you know, those linear networks, and so they've actually, you know, the Charter deal that they recently inked was was kind of a catalyst for them kind of you know, shutting down a lot of you know, the smaller networks networks that they are that they don't consider core, and I think that's what they're going to do. They are definitely going to streamline the business. You're absolutely right, Lisa. I'm not sure when or how the sale is necessarily going to happen, but he did Eigers seem to suggest that even if a sale doesn't happen right away, there are a lot of synergies and there are a lot of cost efficiencies that they can hopefully extract over the next few months. Okay, so this one's a tough one to answer, but explore the question with us if you can. Tom mentioned who's buying. If they're selling, who's buying Where did the buyers come from? So it could be private equity. I mean we know that there have there has been interest from certain parties Byron Island, but Byron Allen was one who kind of made a bid for for you know, the ABC and some of the networks. You know, again, private equity would always is interested in, you know, the TV assets because they do. Yes, it is an industry that is in secular decline, but at the end of the day, it does throughout a lot of cash and that is valuable. So yeah, again it's a little bit of a wait and watch. I mean there have been there has been some chatter about whether the leagues would be interested in kind of going and getting a broadcast asset. I mean broadcast assets like ABC don't come up for sale very often, so you know, maybe it is something that that the league and a leak can potentially consider for reach interesting. Gaitha, appreciate the update. You'll valuable. We appreciate your time. Geithor Reconnaz and the have Bloomberg Intelligence. Ellen Wall joining us now Senior Fellow at the Atlantic Council and author of Saudi Inc. Ellen to that point, Saudi's energy minister came out and said, it has nothing to do with demand, This is just price manipulation. Demand is still very strong. What did you make of that? Well, I think that he always has a bone to pick with the as he called him, the speculators, So I'm not surprised to see him talking about how, you know, this is all a financial thing and it's all due to speculators and it's not a you know, supply demand issue. But I think, you know, obviously there's always you know, speculation in the market, and we did see a whole lot of fund managers dumping oil off the futures this past week, so I'm sure he's focused on that. But the fact remains that the market is reacting to what it thinks is lower demand from China, and whether or not that's actually true, I think remains to be seen. It's always difficult to gauge what exactly is going on in China. What the market's reacting to was news that refining margins are soft, and you know, Chinese refineries aren't making as much, and so you know they're interpreting that as weak demand. Now, how does that translate into whether China reduces its imports, and there was some indication that they are going to be reducing oil imports. In fact, one of the interesting things that we've seen is that Iranian oil exports in September and October have been lower than they were in August. They hit a big high in August, but now we're seeing declines and there's some speculation that may be due to the sanctions enforcement, but it's much more likely due to declining demand from China. And we've got Saudi y A holding a million barrels a day off the market. I do think Saudi Arabia is in the best position to be able to gauge Chinese demand, and it may be that this Chinese demand is looking a bit soft now. But you know, Abdozi's been someone is looking at the longer picture and the longer game, and he sees that that is strong well. And with great respect to your book, which is definitive, we can take these tensions at least back to the Saudi Yemeni War of nineteen thirty four. The Ibn Saud family has dealt with this for pushing one hundred years the distance to the south. Give us the modern treatment of how Riodd and Jiada look at Yemen today. Yemen is basically a thorn in their side right now. They don't like the Houthies, any group like the Houthies has Bulah Hamas. All of those groups, while well, you might think that ideologically there are similarities and matchups there, they are essentially a threat to the Saudi monarchy. The Saudi monarchy is like, you know, they're they're like the stated old you know, conservative guy who always votes the same way and always says the same thing for breakfast. You know, they're they're the status quo. And any group that's looking to change the status quo, even if there are similarities in terms of say religious extremism or religious ideology, that's seen as a threat. And what's a bit disturbing is that despite prolonged military campaigns by the Saudis and the UAE, they haven't been able to dislodge the Whoi's from Yemen. In fact, if anything, they're more entrenched. And so I do think that given the fact that the who these are at least claiming to be involved in the Israel Hamas conflict, you'll be interesting to see if the Saudis maybe use this as an excuse to really try to get them out of Yemen once and for all, or if they'll be a bit embarrassed by somebody else taking them out. And then the conservative guy, as you call Saudi Arabia their treatment of the shades of Palestine, how do you interpret that, doctor Wald? Now that that is a big question, because what we've got on one hand is King Salmon, who is nominally the king of Saudi Arabia, and he is vehemently I mean vehemently anti Israel pro Palestinian. I mean, this is a guy who thinks that, you know, the Mossad was responsible for nine to eleven and has said so, you know, in public on television. So he is a huge barrier to any kind of reprochement between Saudi Arabia and Israel. That being said, his son, who's really doing most of the ruling, the day to day ruling, seems much more inclined to use rapprochemant with Israel as a way to get what he wants or what he thinks he needs from the United States. And in fact, it seemed like that was about to be a very successful deal before this latest conflict derailed all that, and I don't think that the general battle, you know, the general lines that are drawn here are going to change. But I do think, you know, if if King Solomon wasn't wasn't there, I think we'd see a much faster progression towards Saudi Israeli normalization. I don't think we're going to see quite with the UAE or Jordan has But I do think that that he that that NBS sees it as a beneficial thing or at least a really good UH tool to get other things that he needs, like support for obtaining nuclear power and military pact with the United States. Just real quick here, how does Saudi Arabia view the production in the US. It's gotten to a record level and made all of these concerns about demand. I think that they they have kind of come to terms with the fact that the US is going to produce, with the US is going to produce, and there really isn't much they can do about it. I think they were probably pretty pleased to see that there's more consolidation in the oil industry. I think that they see that as good for production and for companies who are looking at the signs of supply and demand and aren't just pumping, pumping, pumping just to stay ahead the way that we saw in twenty fifteen, twenty sixteen, and so I think that they see this as you know, this is where it is right now, and it's not always necessarily going to be this high. Ell in a wonderful brief, particularly those comments on Yemen. Thank you so much, Ellen Wald. Atlanta Council can't say enough about Saudi inc. It is absolutely definitive. Subscribe to the Bloomberg Surveillance podcast on Apple, Spotify and anywhere else you get your podcasts. Listen live every weekday starting at seven am Eastern Bloomberg dot Com, the iHeartRadio app tune In, and the Blue Bomberg Business app. You can watch us live on Bloomberg Television and always. I'm the Bloomberg Terminal. Thanks for listening. I'm Tom Keen, and this is BloombergSee omnystudio.com/listener for privacy information.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Ret. Gen. Wesley Clark, former Supreme Allied Commander Europe of NATO, about the ongoing conflict in Israel. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino about what's next for Congress now that a new Speaker of the House has been elected. Palm Beach Country State Attorney Dave Aronberg about the legal challenges former President Donald Trump is facing. Wall Street Journal's Paul Beckett about the continued to efforts to secure the release of Evan Gershkovich from Russian prison.     Full Transcript:     You're listening to the Bloomberg Sound On podcast. Catch us live weekdays at one Eastern on Bloomberg dot com, the iHeartRadio app, and the Bloomberg Business app, or listen on demand wherever you get your podcast. The Democratic Leader in the House calls on the new speaker to take shutdown off the table, and Israel conducts raids in Gaza to prepare for the next phase. Welcome to the fastest show in politics with twin leads this day in Washington. After the new Speaker was installed and Hamas now claims Israeli raids have killed almost fifty hostages. We'll talk about the next steps in Israel and the threat posed by Iran. Coming up with retired Army General Wesley Clark, a former Supreme Allied Commander for Europe, with analysis today from our signature panel. They're both back with us. Bloomberg Politics contributors Rick Davis and Gdi Shanzano will be with us for the hour to distill a lot of information from the past twenty five four hours here in Washington. A bit later this hour, a special conversation with the Secretary of the Treasury Jennet Yellen, is with us today in our offices at Bloomberg in Washington. Our bureau chief Peggy Collins will be conducting an interview across the platforms here, the radio, the satellite, and YouTube coming up in just about a half hour's time. So you want to stay with us for an important conversation ahead as we begin on Capitol Hill now, and welcome General Wesley Clark to the conversation. It's good to see you, General, I know you're on Capitol Hill as you join us today from the Russell Rotunda to talk with Senators about threats posed by Iran and our policy towards Iran. I'd like to start by asking you though about the urgency around a supplemental budget request that now there is a new speaker, there's going to be some action on this. In your thoughts on how quickly and what is needed for Israel now, Well, we need the full request that the administration's made, We need it passed as rapperly as possible. And let's not forget it's not just Israel, it's also Ukraine. The two are linked. Russia and Iran are strategic partners, and you can be sure that Vladimir Putin is really happy to see what's going on in Israel. How much he had to do with it, Maybe we won't know for a while, but we know Iran had a lot to do with it. We have to understand that this Both actions are threats to democracy, it's the international order, the rule of law in the world today, and of course obviously to our business community internationally. So we have to keep both in mind when need to get that those appropriations passed immediately. Well, there does seem to be an appetite for supporting Israel in this case general. But there is an argument overfunding for Ukraine, and I know that the Republican Conference in the House is looking to bring an Israel only bill to the floor. What do you make of this argument? Sixty billion dollars for Ukraine with some members saying not another dollar. But the president, as you just put it, is trying to link the two together as a matter of national security. You see continuity between these two requests. They are linked together. Vladimir Putin is working with Iran, Iran's working with Putin. Yes, they're linked, but also understand this, that's sixty billion dollars for Ukraine. Most of that money doesn't go to Ukraine. That money goes to the United States. That's keeping and building up our industrial base to face the challenges of the Middle East, to face future challenges in NATO, and of course to face the challenge of China. We've let our industrial base, our military industrial base, deteriorate over the last thirty years since the end of the Cold War. We allowed a wholesale consolidation of defense industries. We reduced the rates of supply that we need of everything. Is this sort of half step, We've got to put that money into our own base. The appropriations we've already given to Ukraine. That money went to American firms. We just gave them a bunch of old equipment, old ammunition. We need to keep that system alive and strengthen it for the challenges ahead. That's why putting Ukraine in that appropriations bill is so important. Well, there's so much to talk about here general. We talk about the DIB here on the program, the defense industrial base that you're referring to. This goes for Israel as well, And I think that's your point, right. If we're going to be making missiles to replenish the Iron Dome, for instance, we do not have a manufacturing chain, according to companies like Raytheon to make them fast enough. How do we accelerate that process? Does this supplemental request? Do it supply and demand put the money into it. The companies will respond, but without that funding, No, if they can't hire the people, invest in the capital goods that are necessary create the supply chaange. No, they have to have contracts, and these are multi year contracts procurement contracts by the Defense Department, and that requires a funding. So it's very simple, and it's if you don't do it now, who knows what's going to happen in twenty four, twenty five, twenty twenty six, twenty seven with Taiwan. So all of this is linked. You can't artificially separate it. Well, are you hearing that message received on Capitol Hill today? I trust you're talking with members of both parties. I know you're briefing senators today on our Iran policy. What do they say to you about this matter, the supplemental request and the need for a more streamlined and enhanced manufacturing chain. Well, I think they're all generally in support of this. In the United States Senate, the question is the House, and there's a lot of let's say, misunderstanding in the House about what the funding for Ukraine actually does and why it's needed. And hopefully this can become something that can be corrected by information and not just sort of a partisan tagline. But the big thing up here today is Iran and what we're going to do about Iran. You know, we've tried for forty years to work with this government in Iran. We've pulled on it, pushed on it, we've appeased it, we've patted it on the back, we've sanctioned it, we've threatened it. Nothing changes the direction of this Iranian government. They use terror and murder at home and abroad. They want regional dominance. They've destroyed the state of Lebanon. They've built a huge military complex and they've forward positioned it through his Bilah ready to attack Israel. Look, this crisis in Hamas brings this to a head. Can't appease this government in Iran. It's time to let the Iranian people have a government that represents them. And that means we, the United States, stage and our allies need to delegitimize the Iyatolas, get rid of them in international organizations, cut off their access to funding, sanction individually, get after their families, stop this government from having control over its people. Doesn't take a war, don't want an invasion. But if we keep going the way we're going, Iran is going to provoke a war in the region. And that's the day. Well, I'd like to ask you more about that. Let me first ask you about the Biden administration's repeated message that there is no actual evidence that Iran was directly involved in or helped plan or fund the Hamas terror attack. Do you need to see that evidence or is that kind of missing the point in this conversation. You're pointing to a long history that the administration is also acknowledged, but without that evidence to put the two together, the presidents seems to be a bit tied up on this. Do you think, well, I think it's I think it's what the administration's appetite is for acting in many different directions at once, and what the capacity is Washington typically is a one crisis at a time town. And you know, we've got a crisis right now. We're worried about what Israel will do in Gaza, will they have the support they need? What about his law and what I'm suggesting is you've got to go to the source, and the source is Iran. Now is it the immediate source? Did the Iranians tell the Hamas people on this specific day, I want you to go out this specific gate, come in with these paragliders, kill these people. No, probably not, But we do know have evidence that they trained a bunch of Palestinian fighters as late as September. We know there are meetings that have been held. Do we know what's said in those meetings? Well, not at the unclassified level, and maybe we don't even know at the most secret level. It's a question of how the administration sees its way through the crisis. And what I'm suggesting is that you have to be able to do more than one thing at a time. You've got Ukraine, that's a critical at a critical state right now. They need sustainment and they're facing a really tough Russian attack. In the northeast, You've got Israel and Gaza, and then you've got the region, and so in the region you have to understand the source of these tensions. It is Iran. And there's nothing like a crisis to bring on a path to a resolution. And in this case the resolution is to delegitimate that government in Tehran. There's talk about a second or third front opening. I know that's a great fear of the administration and the Pentagon general, But when you look around, we've already seen incursions repeatedly to the north. We've seen attacks against US military installations in Iraq and Syria. We've seen an American warship intercept cruise missiles from Yemen. Are the second and third fronts already hot? Is this already happening? Well, let's put it this way. They're warming it up. But I don't think the decision has been made by the Ayatolas to really open up the northern front yet. It's it's nuisances right now. Yeah, they're killing people, they're firing, but they haven't really committed. They want to wait and see what Israel is able to do in Gaza, whether it's so deeply enmeasure in Gaza that it can't defend itself from the north, whether the whole world turns against it because of the need to bring heavy firepower in an urban area to dislodge Hamas, if they can bring world opinion totally against it, isolate the United States and Israel. If they think the Israelis can't protect themselves from all three directions at once, then maybe they will unleash his blow. And they haven't made that decision yet, as we can tell publicly. General, while you're with us, I want to ask you about the matter of military readiness in the blockade on military promotions in the Senate. You might have even spoken with Tommy Tubberville today, but there's a new effort that Democrats are making to send a resolution to the Rules Committee that would allow three hundred plus promotions that have been held up to all go to the floor at one time. Would you support that movement? Is it set a bad precedent? Oh? I think it's essential at this point. Look, Senator TULLVERRLL has made his point. Everybody understands where he stands, what he stands for, that he's a man who's willing to fight for what he believes in. Okay, enough is enough. Let's get on with getting these military leaders and their families and their right positions and preparing for the challenges that are on our doorstep right now. There's no time to waste on this. Is it impacting our readiness? There's no doubt about it. Have you talked to Tommy Tubberville to let him know your thoughts. Well, I haven't talked to him on this. No, I'm one of many in the retired general officer ranks who's watching this very anxiously. I'd be delighted if he would call me and ask me for some his assistance or advice on it. He's got to back his way out, and he hasn't been willing to do that. But you know, he's a senator. He's do his respect, and he has the right to put a hold on nominations. But enough's enough. Let's get on with the business of the United States government. You've been generous with your time today. General. I wonder lastly, as you're speaking with senators, are you also talking to the administration about policy toward Iran, next step, sanctions, whatever you think the next step should be. Well, I talk to anybody who will listen on this. This is a looming crisis that we've seen coming for some time. And you know, there's an odd thing about Iran. When things are quiet and they're not attacking our troops and there's diplomacy going on, people say, well, don't worry, so much about it. Us don't shake the tree, and then when there's a crisis, people say, oh, this is a crisis. This is no time to reach in to change the policy. And so we never seem to want to move past what's been forty years of fruitless efforts one way or another to engage with this Iranian regime. It is time to recognize that this is an illegitimate regime and get it out of international legitimacy. General Wesley Clark, we appreciate the time and the insights today on Bloomberg. Thank you for joining us. This is Bloomberg Sound On. I'm Joe, Matthew and Washington. As we assemble our panel here the day after we got a speaker. Rick Davis and Genie Shanzino are with us now, Bloomberg Politics Contributor's great to have you both here. Genie, what's your thought about what we just heard? Because the General sounded a lot like Rick Davis, to be honest with regard to Iran. This is, of course a man who ran for president as a Democrat. Is there a daylight between what he's saying and what we're hearing from Joe Biden? Yeah, I mean it's a fascinating conversation because I do think there is a divide in the Democratic Party on this, and there has been for some time. You know, we can go back to Barack Obama's approach to Iran, but you can go back even further, and I think he is echoing what is a sort of in the momentum continuing to gain hold, which is that efforts to what some people describe as a peace or some people describe as contain I mean, there's a lot of different adjectives you can use. Iran simply have not worked, and what has happened since October seventh, but even earlier is proved positive of that. But the problem is there is very little agreement on where to go forward and how to go forward. I mean, shared Brown's view on what the Banking Committee alone should do on Iran is fascinating and shows this divide. So there's a necessary conversation, and you were just having a really key part of it with somebody with very strong views on this. Yeah, what do you think, Rick, what should the next move be for the Biden administration? The generals on Capitol Hill to sound the alarm today? Do they need to move past the idea of finding evidence that links Iran. I mean, the general's talking about shutting this down, even going after their families. Yeah, I think it's parsing that's actually just going to make them look weak in the eyes of the American public. You know. Look, I mean, Ran has been a horrible influence in the region around the world for as long as the Iatola has been running it, and we've allowed that to sustain itself. We're afraid of the development of their nuclear weapons. We don't want to get in a scrape with them in the Middle East, and yet they dictate all the terms that occur there. I mean, the reason that this is all happening is because through US efforts to normalize relations between Saudi Arabia and Israel, they put a kebash to it, and and so like, who's not surprised by all this? And and this naivete within the Biden administration that they can somehow do business with Iran but let them be a pure and interest in the region is absolutely insane. They've got to rationalize this to us in their relationship with Iran in a way that is absolutely clear to the American public, which is Iran's the enemy. They've always been the enemy. They're always going to be the enemy. They don't have the same views around the world, values that we all hold dear on human life. And just look at what they've been able to accomplish in the region, you know, supporting Hamas, supporting Husbala, supporting Syrian Islamis. I mean, it's it's there's nothing positive about their conduct whatsoever. So let's quit saying, oh, well, there's no direct evidence that they pulled the triggers. It's a little bit late for that. We'll have a lot more with our panel, Rick Davis and Genie Shanzano. We haven't even gotten to the matter of the speaker race. The new Speaker of the House, Mike Johnson making waves already today in Washington and meeting with Biden administration officials about avoiding a shutdown. We're going to get to that next with Rick and Jeannie on the Fastest Show in Politics. I'm Joe, Matthew and Washington. Thanks for being with us on the radio, on the satellite, and on YouTube. Search Bloomberg Global News to find us. This is Bloomberg. You're listening to the Bloomberg Sound on podcast. Catch the program live weekdays at one Eastern on Bloomberg Radio, the tune in app, Bloomberg dot Com, and the Bloomberg Business App. You can also listen live on Amazon Alexa from our flagship New York station, Just Say Alexa play Bloomberg eleven thirty Live from Washington with breaking news on the new Speaker of the House. It's the first full day on the job for Speaker Johnson. Meeting with Biden administration's administration officials. Easy for me to say on the big funding request we were just talking about with the general here, bipartisan briefing with congressional leadership. This is the first time the Speaker is interfacing with the Biden administration as the man who holds the gavel. And it's coming less than twenty four hours after the big celebration on the steps of the House after he made the grade. He was joined by all the members of the Republican Conference and it was a LoveFest. We're going to act consistently. We're going to exhibit two things here, trust and teamwork, and this group will deliver for the American people. I said it in the Chamber and I will say it here. We're going to govern well, We're going to govern well endorsed by everyone else who wanted to get the job, including Steve Scalise. You know, if you think about what's happened these last three weeks, while a lot of people outside of Washington and talk about dysfunction, this great group of men and women behind me have been talking about how to fix what's broken in Washington, and so this was really good for everybody. Ask Tom Emmer, this is like the best time he ever had. I guess remember you had the nomination for I think four hours. From an outside point of view, these last few weeks probably looked like total chaos, confusion. Oh, I don't no end in sight. But from my perspective, this is one of the greatest experiences in recent history, in the recent history of our republic. We couldn't have planned it better. Let's reassemble the panel. Rick Davis and Genie Shanzey no Bloomberg Politics contributors. Haven't heard from either of you yet. Can't wait, Rick, what do you think of our new Speaker of the House? Well, I'm holding my breath. Is he a member of the Vote No Hope, Yes Caucus? He voted against Ukraine funding when all three of those people McCarthy, Emmer and Scleeves voted yes. What kind of leadership is he going to give if he's opposing those kinds of things? I don't know. I'm very nervous that we've got a deadlock house of representatives. It's only going to make bad look worse. Wow. Joe Biden was asked about him yesterday, Genie. He was in the Rose Garden with the Prime Minister of Australia. The question pretty obvious for this president, knowing that this is not only an election denier, but someone who actually wrote the amicus brief in the Texas case to bring this to the Supreme Court. Here's how it went to the White House. If you win reelection in twenty twenty four, are you worried that a Speaker Johnson would again attempt to overturn the election? No? Why not? Because he can't? Look just like I was not worried that the last time I'd be able to overturn the election. They have not sixty lawsuits and all the way to the the Supreme Court, and every time they lost. I understand the constitution. Do you share his Confidenie? Well, I applaud Joe Biden, Unlike Mike Johnson for answering the question, because of course, yesterday when Mike Johnson was asked the question he was it was Virginia Fox. I think who said shut up, shut up to the report. So you know, he's a constitutional lawyer described as a constitutional scholar, but he does not want to get up there and answer questions. So thank you to the President for answering. The President seems confident. I'm gonna go with Rick and say I'm holding my breath on this aspect of it, you know, Mike Johnson, and I'm so glad you raised that amicus cure I brief. It's one of the most confounding things that he would write the brief to help the disgraced Ken Paxton try to say that Texas can overturn the votes of four other states, something that even the hardliners on the Supreme Court found so baffling constitutionally that they didn't even take the case. And that is Mike Johnson. We don't know how he's going to behave and as speaker, he may turn out to be a great speaker. We simply don't know. But the reality is we know what he's done before, and that is lead the effort to vote to overturn the twenty election, defend Donald Trump, and also support Ken Paxton in the ridiculousness of Texas overturning other states votes for the presidency. Rick, we only have a couple of minutes before our sit down conversation with the Treasury Secretary. How concerned are you that every member of the Republican Conference voted for an election? Denier? Yeah, look, I think it's a it's a bad form. I'm shocked that Emmer didn't press the point of actually having a floor vote for his own Speakership candidacy. Frankly, I suspect a bunch of Democrats would have voted for him, because in retrospect you look at that and say, gee, we could have had Emmer. Democrats are going to really pay a price for for not having the opportunity to put a reasonable Republican in the seat who actually believed the elections weren't flawed. So this has been a horrible three week period for the Republican Party. I think the onus is going to be on Speaker Johnson to try and write that ship. Nothing in his background indicates that he has the ability to do that. So this is a real test by Fire. You're listening to the Bloomberg Sound on podcast. Catch us live weekdays at one Eastern on Bloomberg dot Com, the iHeartRadio app, and the Bloomberg Business App, or listen on demand wherever you get your podcasts. Then there's the former president, who, in these wild times we've really only been talking about through the guise of the speaker race. But this is Donald Trump, who's been in court every day lately to talk about the value of his company or face off with Michael Cohen or whatever might be happening. Ye did you see he took the stand yesterday? I did. This is incredible. Now we keep seeing him in the lobby and people are asking questions about yesterday, violating the gag order in this case New York curious where with respect to what very no any other questions, any other questions. They're trying to figure out who was he talking about? Who was he disparaging because he goes in there and he just you know, he lobs, spitballs at everybody and talks negatively about the judge, about the prosecutor in this case, though the judge issued a ten thousand dollars fine for what is Donald Trump's second violation of a gag order in the civil fraud trial against him New York State and called him to the stand, asking him to talk about what he meant with these remarks. Immediately told him he was not credible. Sit down. Here's a ten thousand dollars fine. Yeah, and as you said, this is the second fine, because last week he was fined five thousand dollars for violating disorder. This is incredible. We kind of knew Joe right that this is the former president we are talking about. We know how open he usually is with his commentary. And when all of these either restricted gag orders or you know, different judges doing different things, it was a question, how are you actually going to enforce that? And I guess we're seeing it enforced in this case. But there's many others to consider as well. Well. There are a lot of others. And that's why I can't believe we have Dave Ehrenberg in Washington and at the table with us. You've heard him, you've seen him on zoom and the Palm Beach County State Attorney is with us in person. What a treat. It's great to see you. Welcome to the Capitol. It is great to be with you. Both guys are too good looking to be on radio. Well that's why they're on YouTube now too. My god, Yes, we're doing everything with you today. It's great and thanks for coming. My gosh, your thoughts on the gag order? Here? Will this be kind of a weekly Obviously ten thousand dollars is not a matter for Donald Trump, but to be kind of spanked publicly by the judge like that is remarkable. He got up and left. He walked out before the session was over. I think he gets under Trump's skin like this case, whether it's a gag order from a judge he does not like, or for the valuation of mar Lago at between eighteen and twenty eight million, which is really way below market value. It cuts him to the core to have to see what's going on there. Even though this is not a criminal case. He will not be sent to jail for this case, but this one is personal for him and as far as what the future punishments will be for him if he continues to violate the gag order, I think the judge will continue to find him increasing amounts of money. It's ten thousand dollars this time, maybe the next time he will be fifty and then on. But I do not expect this judge to sentence him to jail for contempt because after all, it's a civil case, not a criminal one. Well, and it is a civil case, so are we just going to see him stop showing up. He's not mandated to be there in the room, right correct, Unlike a criminal case, he does not have to be there for this civil trial. But he has his own reasons. He wanted to glower and Michael Cohen. He really hates his former lawyer. He wants the optics of looking like he's the aggrieved individual here. He wants people and his party to believe that somehow he's entitled to a jury trial and the court wouldn't give it to him, when it's really his own lawyer, Alena Haba, who forgot to check the right box. So he only has his own lawyers to blame. But nothing fuels Maga like grievance and martyrdom. That's why he's showing up and just having a blast talking to cameras every day. But to be called to the stand like that, it was like, you know, the troubled student called at the front of the class to be scolded. How often are we going to see that type of thing. The idea of Donald Trump ending up on the stand might suggest it's not always wise to show up when you don't have that's right. You know, he can end up in a perjury trap himself, and so it's not always a great idea. But look, lawyers can't control their own defendants, especially defendants their clients like Donald Trump. Donald Trump wants to be there, he will be there, and he has other motivations. It's about the optics. He's the leading candidate for president, and he wants people to believe that I am aggrieved. I could be in Iowa right now, but I have to be here, when in reality he was missing a golf match by being in court. Excellent, But it's all about show. Yeah, well, we definitely know that for sure that the former president does have a reputation for being quite a showman every day. This is how he operates. And as we were just alluding to, this is just one case that he is facing, and it's a civil case. He's facing a multitude of criminal cases as well. And the one I think that has been the most interesting over the course of the last several weeks is Georgia the racketeering case. There's now been what four plea deals, some high profile including Jenna Ellis, Mark Sidney Powell, Mark Meadows, Scott Hall. Do you think this is just dominoes that are going to fall one by one? How do you think this is going to play out? I think there'll be more defendants copying the plea. They're going to get FOMO. These other defendants, I fear a missing out. And there's what fourteen others here that we are considering. Look at this. If you're on YouTube, you can see all the mugshots that got them in two different columns. Now, yeah, see, I'm guilty, all not guilty. All those folks in the right, they all have FOMO. They are worrying that the longer they weigh, the worst the deal will get. Right now, the folks on the left, if you're on YouTube, you can see the four of them, they got plea deals with no jail time. They were facing years in prison. But first one in is the first to win. That's something defense law is like to say. If you get in first the prosecutor's door, you get the best deal. But that door is closing soon and I anticipate that future plea deals. Maybe not yet, but pretty soon they'll start including incarceration. Wow, what do you make of the Meadows deal? Specifically, as compelled as I am to talk about Sidney Powell at any turn, the idea here, and we've heard a lot of people suggest this, including Chris Christy yesterday, of course, a former prosecutor. You don't just cut a deal with the chief of staff who was clearly involved in this and may well deserve to be punished for his role that he played unless he's really got some important Was that the deal that closes the walls in on Donald Trump? Well, we don't know. Joe Weather Mark Meadows cut a deal with prosecutors other than receiving immunity to test why before the grand jury. So apparently he spoke to Jacksmith's team three separate times this year and test why before the grand jury. You cannot force someone to self incriminate unless you give them immunity at the grand jury. That's what happens. So they call him before the grand jury, they say we're going to give you immunity, and then he testifies truthfully. But as far as weather he entered into a non prosecution deal where I will be a cooperating witness in return for your not prosecuting me. That's not clear. It's be up to ultimately Jack Smith and Mark Meadows whether it goes that far. But right now I'm just thinking he just tests by before the grand jury got immunity for his testimony, and I can't extrapolate beyond that. That's really something we should clarify. That is the January sixth case here in Washington, And I'm actually curious the Sydney and the others you mentioned in Georgia, Kayley, are they also talking to Jack Smith at the same time. There's no indication that Sidney Powell is talking to Jack Smith, but it looks like Mark Meadows people wanted us to know that he was talking to the grand jury to Jack Smith for whatever reason. Now what's interesting is how does Fannie Willis take this. Fannie Wills has got to be concerned that she really should not try to use the information that Mark Meadows gave to Jack Smith under immunity against him in the state case, because then there are some complex issues of whether state proscuers can feed off of the information where he was grand immunity. There was an Oliver North case, you remember that guy. He was ultimately cleared or at least found the case was thrown out against him because of those types of issues. So proscuers are very careful. So I think what's going to happen is she's going to continue to go after Mark Meadows, who is an indicted individual in Fulton County, based on the evidence she accumulates, not on the evidence that Jack Smith gives her. But overall Marcmetto's aside with the other plea deals that have now been entered, her job is getting easier, not harder, generally, right, It is definitely getting easier when you have a number of your co defendants flip because nineteen co defendants, that's very difficult, and in a reco case that takes months to try. What was going to happen is you had two people, cheesebro and Sidney Powell, who requested speedy trial. They were going to be tried first. They were going to give Donald Trump a dress rehearsal. They were going to expose the state's arguments. It was to Donald Trump's benefit. But now they're out of the way. So not only does Donald Trump not get to see an advanced copy of the prosecution. He also could be tried before the election. Had the others been tried first, it would have pushed his case beyond the election. But now there's no one to wait for. That's incredible and something that we have to remember with, you know, as we juggled for indictments. With all of that said, you consider his life over the next year as he's running for president. Made the point, Hey, I wish I could be in Iowa, but I'm here in court on some days. That might actually be true. And his campaign will need him to be in certain places. How much flexibility will he have to actually run for president while he's managing all these That's a really good question because we don't know the schedule yet. I do believe the case that will happen before the election is the case in DC that we've been discussing Judge Chuck, and she's not fooling around, and that case from Jack Smith is built for speed. There are no other co defendants. There are unindicted ones, but not indicted ones. There are only four counts against Trump. Because Jack Smith wants that to happen before the election, and I think it will so can he campaign fully while being put on trial? I don't know, but I don't think. I'm not certain that the other cases will happen before the election. I think because of the plea deals now, it's a better chance the Fulton County one happens before the election. But I think the strongest case against Trump is the one in my neck of the woods good Documents case. They got them dead to rights there. But you got Judge Cannon, who's not quite Judge Chuckan. She's new, and she is slow walking this thing. And I think that case is going to get pushed beyond the election. And if we're saying then beyond the election, he very well could be president at that time, right, So how would that? Does that mean that this case just never gets tried? To feel like that's where we get into really murky waters? Are you now having a sitting president of the United States on trial? Oh? I don't think it's a murky firm at all. I think that's his only defense, that he has no defense to the document's case they got him. His only defense is become president and then order his Department of Justice to drop the case. That's what he'll do, and the case goes bye bye. The Trigckier one is what happens if he's convicted in Atlanta or in New York, which also could happen for the election itself. In the state case, he can't pardon himself. You know what will happen? So if becomes president and he's convicted or they keep trying to prosecute him, he'll say, Okay, New York, Okay, Georgia, I'm surrounded by my secret service here in the Oval Office. Come and get me. Yeah, who will be a constution crisis to say that the reality continues? Is it wrong? I'm admiring the lapel pin, the badge. I don't know if people can see that, probably not on YouTube. Is it wrong that I want one of those? Does that make me a herschel walker? Is that? Is that like a state attorney's How do you get that? You can't get this in a costume store. You've got to get elected state attorney at one of these days. That's so cool. Now here's the here's the insider tip there. We exchange them with each other. So this is actually someone else's tell me it's funny, Willis's. This is Tim Cruz from Massachusetts looking at it. Hey, my friend, no kidding, Republican to Massachusetts. I love that. Dave Ehrenberg, what a treat to have you in Washington. Get home safe, good luck here in the Capitol. I'm Joe Matthew with Kayley Lines. This is Bloomberg. You're listening to the Bloomberg Sound on podcast. Catch the program live weekdays at one Eastern on Bloomberg Radio, Tune in alf Bloomberg dot Com, and the Bloomberg Business App. You can also listen live on Amazon Alexa from our flagship New York station, Just say Alexa play Bloomberg eleven thirty. As we head for Bloomberg BusinessWeek, we want to bring you an important conversation with Paul Beckett. You might have heard him a couple of months ago. Join us on Bloomberg as the bureau chief of the Wall Street Journal here in Washington, DC, and Kayley. As I said earlier, it's not too often that you see Bloomberg and the WSJ making news together here. But it's important because he's not actually the bureau chief, at least not at the moment in Washington. He's become assistant editor of the journal dedicated the efforts to secure Evan Gershkovic's release. And it's Evan's birthday, ye thirty two years old, his two hundred and eleventh day of incarceration, as I read on the Wall Street Journal. And it's always an honor to bring Paul back on the air. It's good to see you, and thanks for coming across town to say hello to us. If you're with us on YouTube, see Paul's pin that says free Evan that I suspect you're wearing everywhere right now. And I just wonder if you could give us an update on his situation, what you're hearing from him when the last time he spoke, thank you so much. He is in decent shape, but in decent shape in a Russian prison where he's been for two hundred and eleven days. As you mentioned, he spends a great deal of that time in isolation. He's given one hour in the prison yard each day. He's working very hard to keep himself in shape, both mentally and physically. But we really just see this stretching on far too long, and we hope everything can be done to bring him home. Yeah, what's his degree of optimism and your degree of optimism? That his incarceration there is going to end anytime soon. This will end with the negotiation between the US government and the Russian government, So we would just like to see more action taken. At the moment, his pre trial attention will last until November thirtieth. They have twelve months to keep extending that detention, so that would put it into the spring of next year. But it's so opate. We don't even really know when you'll go to trial and what happens after that, so it's very murky, and that's the dispariting part. So is this a diplomatic solution, a prisoner swap, or is it actually infect a legal resolution that you're hoping for. One of the ways it will happen, and probably the most likely, given what's happened in the past, is through a prisoner swap. He has been accused of very serious espionized charges, which we of course will say to the end of the earth are completely false, but he will probably go into the Russian statement. So far, I have to go through that trial before the meaningful negotiations can take place. We hope to circuit that process, but in the mists ahead, that's about all we can see so you suggested you would like to see the US doing more here to push this What kind of conversations are you having with the Biden administration with those in government who may be able to help push this case. How committed do they seem to Evans? Cause? President Biden met with Evans family at the Whites correspond Association dinner and made a promise there to bring Evan home. So that's something that they have been relying on that we have been relying on for action. We can't see everything obviously that the government is doing. The public statements have been encouraging that this is a top priority, but we just want to make sure that it remains there. Boy, can you describe the conditions that he's in there? We spoke last time about the facility that he was staying and is he still there? Is he around other people or is he isolated? He's in the the forte of a prison Maxicmum Security Security Services prison in Moscow. We think he's in okay shape. We have lawyers that go in to see him once a week. He's had a few visits from the US ambassador to Moscow. So from what we can tell, it is he's reading he's meditating, he's exercising when he can, but it's a lot of work in the circumstances are awful. I'm sure is there anything that the journal is doing as well? For those journalists who are not currently incarcerated in Russia but still have to do the kind of work that Evan was doing and that he is now being essentially punished for. What do you do to make sure that others don't end up in the position he is currently in. Well, we are actually trying to be helpful in a position of another reporter who is in a similar circumstance. Alsu Kumasheva from Free Europe Radio Liberty was detained in Russia recently. So the extent that we can our experience can be helpful to them, then of course I'm more than happy to engage on that. I think overall, what you're seeing is a real stifling of what little free press or independent press there was in Russia. So so many reporters now have to cover Russia from outside, from Warsaw, from Berlin, from Dubai, from wherever they can, and it's just not the same. We're spending time with Paul Beckett from the Wall Street journal who is working to secure Evan Gershkovich's release as people consider what he's going through right now, and more broadly, what journalists are facing on a daily basis. Here we've got journalists in very dangerous places and it could get a lot more dangerous, for instance, in the Middle East. Does it change policies at the journal and the way that you look at deploying reporters around the world. We've always, as I'm shore Bloomberg, has put the safety of our reporters first absolutely. In spite of having very strict protocols, bad things will happen, and to some degree is the nature of the business. You do see a increase in violence towards harassment of and targeting of journalists around the world. We've seen it recently in the Middle East with sim Abdallah, the writers Yes reporter in Lebanon who is monitoring a live feed and he was killed and several other reporters were injured when that location was hit by a missile. So it is very dangerous days for reporters out there, and I think sometimes press can be an easy punching bag. I think it's a moment to reflect on how many people do extraordinary things to bring us. A news producer, Matt reminds us Kayley thirty four journalists killed in a line of duty this year. So far this calendar year, five hundred and ten journalists are detained as we speak, and Evan, of course, is one of them. Obviously, I know communication reaching him in a communicative way is probably immensely difficult. But if you had one message for him on what is again his thirty second birthday, could you share that for us. We're doing everything we can to make sure he doesn't spend his thirty third birthday in jail. How often, if at all, does the journal does his employer get to speak with him or is it through his lawyers on that weekly basis that you referenced, that's the chief point of contact. We have letters going in now. His family write some letters, his colleagues write him letters, and in those letters they try and fill him in on what he's missing the world. I think that's the messages that he wants to hear. He is a huge arsenal FC fan. He wants to hear they're doing. His sister sends him celebrity gossip to keep him up to speed. Anything that will boy, his spirits during such difficult time and his strength there is an inspiration to all of us doing well. I want you to know how much we respect the role that you've taken on there. You were the Washington Bureau chief, which is a very proud position, and the fact that you're doing this full time to secure his release is honorable and we thank you for what you're doing. There's not a lot that we can do here, I think, Kaylee. Other thing keep talking about this and keep reporting on it, and Paul, that's the pledge that we'll make to you, So stay in touch with us. Greatly appreciate, great, Thank you by so much. Thank you for the all Beckett from the Wall Street Journal with us here on an important conversation on the thirty second birthday of Evan Gershkovich, Joe Matthew and Washington along with Kaylee Lines. Thank you so much for spending time with us on the radio, on the satellite, and on YouTube. We certainly learn a lot today, as always, Kaylee, and we'll be back with one more of these. Tell me it's real. Tomorrow is Friday home stretch check on a working weekend. Right, We've got a speaker. We got some things worked well, don't Chinxit now? Fuh fair enough with Kaylee, I'm joke. Thanks for listening to the sound on podcast. Make sure to subscribe if you haven't already, at Apple, Spotify, and anywhere else you get your podcasts, and you can find us live every weekday from Washington, DC at one pm Eastern Time at Bloomberg dot com See omnystudio.com/listener for privacy information.

It will take almost 90 million votes to win in 2024 and Mike Pence, Chris Christy, Nikki Haley and DeSantis somehow think they can do it. The only reason they are running is to hurt Donald Trump, it's cowardly and completely anti the average American who NEEDS Donald Trump to win. Hit subscribe everywhere you get your shows and never miss an episode https://www.thematthewdarkshow.com/ --- Support this podcast: https://podcasters.spotify.com/pod/show/matthew-dark/support

It will take almost 90 million votes to win in 2024 and Mike Pence, Chris Christy, Nikki Haley and DeSantis somehow think they can do it. The only reason they are running is to hurt Donald Trump, it's cowardly and completely anti the average American who NEEDS Donald Trump to win. Hit subscribe everywhere you get your shows and never miss an episode https://www.thematthewdarkshow.com/ --- Support this podcast: https://podcasters.spotify.com/pod/show/matthew-dark/support

The Republican Primary Debate is scheduled for next Wednesday and Donald Trump has decided not to participate. He says that he's so far ahead that he doesn't need to attend. I tend to think it has to do more with fear. Chris Christy is as big a bully as Trump is and it probably won't go well for him. Lets get into it. --- Send in a voice message: https://podcasters.spotify.com/pod/show/rational-boomer/message Support this podcast: https://podcasters.spotify.com/pod/show/rational-boomer/support

Lindsey Graham in Pickens SC” “Chris Christy Fudging the numbers” “What was found in the White House?” “Biden coming to SC”

Episode number 304! Thanks for supporting the show so far!Become a member and support the show today at zedmedia.substack.com!

Chris Christy is reportedly entering the 2024 race next week, most likely Tuesday.See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

Even Zig can't believe the MSM narratives on the Nashville school shooting. Corrections galore on shooter's gender. Could the 2nd amendment be repealed some day? DeSantis could have been working at Pizza Hut if Trump didn't save him. Chris Christy is actually right. Fauci has never been wrong. What's the deal with Megyn Kelly? The education crisis and somebody needs to speak with Chuck.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5691723/advertisement

When will the United States ban the Tic-Toc social media app? Former Trump friend Chris Christy said of the former President: no matter who you are, a conviction does not look good on your record. President Trump was allowed back on Facebook. How long before he rejoins Twitter?

Chris Christy joins the podcast to help us get a different perspective on "Failure".

Also, Longest serving senator annouces retirement, Bay of Maine water levels rise and Chris Christy was on every show promoting his new book and his un Trumpness.

A video is released showing the killing of a black man in a small Georgian town. Is the outrage warranted? Former New Jersey governor, Chris Christy, gets a victory from the Supreme Court based on the Bridge-gate scandal. A Texas salon owner, jailed for opening her store, is released from jail and prompts the the Texas governor to ban jail for those opening their businesses. This brings us to the real question: What is a necessary job? My girlfriend and I had a big fight over this one. And the Michael Flynn drama is finally over. The media is flipping out.   Follow me on Twitter @RunninFewl Download or listen to my podcast on Apple Podcasts, Podbean, Podcast Addict and YouTube. Show notes and blog can be found on: http://www.dumbassestalkingpolitics.com   Please Subscribe, Like and Comment!

As we begin to fully understand all the ins and outs of the current administration, a big question is – who really are Jared and Ivanka Kushner? Who are the people behind the façade? Acclaimed author and investigative journalist Vicky Ward draws back the curtain and gives us some insight into Kushner, Inc., which happens to be the title of her NYTimes bestselling  book. We find out how Jared and Ivanka's fathers inform so much of their lives, and how Jared's father thought his family was just like the Kennedy's.  We'll also understand why Jared bears so much animosity towards Chris Christy, and what his 3-point plan was to rehabilitate the family name and reputation. Plus – Vicky tells us how dependent Ivanka is on her father's approval and how Jared and Ivanka have an authenticity problem.  We didn't have near enough time to ask everything we wanted, but here's our chat with Vicky that will be leaving you wanting to know more about Kushner, Inc.

NFL, free agency, DeSean Jackson, Malik Jackson, Jason Peters, Antonio Brown, Eagles, Raiders, Bortles, Weddle, Keenum,Collins, Tomlin, Bennet, Ford, Chiefs, Niners, Ravens, Smith, Earl Thomas, Graham, Bell, Moseley,Ingram,Tate Bridgewater, Coleman, Funchess, Amendola, Flowers, Blount, Suh, Ryquell Armstead, Mayock,Chris Christy, Harper, Phillies,McCutcheon, Segura, Hoskins, Realmuto,Nola, DeGrom, Mets, Cubs, Brewers, Cardinal, Reds, Sixers, Embiid, Bulls, Pacers, Celtics,Nets,Villanova, TempleThis show is broadcast live on Monday's at 7PM ET on W4CY Radio – (www.w4cy.com) part of Talk 4 Radio (http://www.talk4radio.com/) on the Talk 4 Media Network (http://www.talk4media.com/).=

Today, we had Joe Clemence on the show! Joe is on the brink of having his breakthrough year as a realtor! He is very passionate about his family, career, and sports! He's also had the opportunity to be the voice of the St. Cloud Huskies Hockey and Baseball teams, several Basketball teams, and is now the voice of the top-ranked Granite City Lumberjacks! --- Support this podcast: https://anchor.fm/angeltalamantes/support

Chris Fellerman is the leader of the Chris and Christy Group located in Otsego, MN with a 10 person team and a huge drive to become the top real estate team in the State of Minnesota as well as the country. Chris is in the top 2% of Teams in Minnesota and loves to provide the best service possible to the Twin Cities and Brainerd lakes area communities. Angel Talamantes of Click Leads Local and Troy Thompson of Pinnacle Insurance Agency of MN discuss the Real Estate Bubble, Zillow, and the power of team. --- Support this podcast: https://anchor.fm/angeltalamantes/support

Hello Listener! Thank you for listening.  If you would like to support the podcast, and keep the lights on, you can support us whenever you use Amazon through the link below: It will not cost you anything extra, and I can not see who purchased what. Or you can become a Fluffle Supporter by donating through Patreon.com at the link below: Patreon/Hare of the Rabbit What's this Patreon? Patreon is an established online platform that allows fans to provide regular financial support to creators. Patreon was created by a musician who needed a easy way for fans to support his band. What do you need? Please support Hare of the Rabbit Podcast financially by becoming a Patron. Patrons agree to a regular contribution, starting at $1 per episode. Patreon.com takes a token amount as a small processing fee, but most of your money will go directly towards supporting the Hare of the Rabbit Podcast. You can change or stop your payments at any time. You can also support by donating through PayPal.com at the link below: Hare of the Rabbit PayPal Thank you for your support, Jeff Hittinger.   Jersey Wooly The Jersey Wooly is a breed of Domestic rabbit weighing about 3 pounds with a bold head and easy-care wool fur on their body. They are noted for their docile nature, and gentle disposition. History Bonnie Seeley of High Bridge, New Jersey started breeding for the Jersey Wooly in the 1970's She wanted to produce a small wooled breed. In the 1970’s and 80’s, an influx of very small and dwarf breeds were introduced to the ARBA membership. Bonnie Seeley of High Bridge, New Jersey crossed a Netherland Dwarf and a French Angora in the hopes of producing a small bunny with an easy-care wool coat. The Jersey Wooly was developed by crossing the Netherland Dwarf and the French Angora. The result of this cross was a petite rabbit with a wool coat. Early Jersey Woolies still maintained the oblong body shape of the French Angora, made smaller by the influence of the dwarfing gene. It took some careful selection, but by 1984 she had the breed down to the size and type she wanted, and presented it for the first time at the ARBA convention in Orlando, Florida. Bonnie said that the early crosses produced about 90% of the progeny with mismatched toenails. Bonnie Seeley introduced the Jersey Wooly at the 1984 American Rabbit Breeders Association (ARBA) Convention in Orlando, Florida where it was accepted, although several of the presentation animals shown had mismatched toenails. At the second presentation of the following year in Houston, Texas, the standards committee rejected the animals for disqualifying toenails. Three passing presentations would see the Jersey Wooly recognized as a breed at the Madison, Wisconsin Convention in 1988, and the breed never looked back. Today, the Jersey Wooly is one of the most widely-exhibited rabbits at local and national shows in the United States. They are also renowned as highly docile pets. The Jersey Wooly, are exhibited at both local and national shows throughout the country in much the same manner that dogs and cats are shown. Each rabbit is compared to the Standard of Perfection for its breed, and competes against others of its own breed for BEST OF BREED [BOB] honors. Then, each BOB is judged against one another for the coveted BEST IN SHOW [BIS] title. The Jersey Wooly is one of the very few breeds that was developed primarily for the pet trade. However, in spite of its intended use, the Wooly has become quite popular as a show animal. It has a very short body with a chunky head and small, upright ears. Like the American Fuzzy Lop, the Jersey Wooly wears a coarse, short wool coat that requires little grooming. The breed has a maximum senior weight of 3 ½ pounds. In just a short time, the Jersey Wooly rose to the list of the ten most popular show rabbit breeds, pet owners seem to prefer lops most of all, and most don’t understand how easy-care the Jersey Wooly coat really is. Daily grooming is not necessary. At all times, the coat should be kept clean and free of debris. Otherwise little grooming is required except a quick brush before a show to remove dead hairs. Watch for signs of wool block during a molt. As is the case in several breeds, fanciers disagree as to the proper Jersey Wooly type. Some breeders prefer a “Netherland Dwarf with wool on,” while many others argue that a slightly lower head mount and different body shape from the Netherland Dwarf makes the Jersey Wooly what it is. In any case, the head should be broad and bold, the ears thick and under 3 inches, and the body shape very compact. Coat length must be at least 1 ½ inches, though a 2-3 inch length is preferred. A high ratio of guard hairs to underwool produces the coarse texture. Wool is mostly restricted to the body; it’s disqualified when found excessively on the ears or feet. The Jersey Wooly comes in an array of colors that are grouped in to five categories for show: Agouti, Any Other Variety (AOV), Self, Shaded, and Tan Pattern. Appearance and personality A full grown Jersey Wooly weighs 1 - 1.5 kg (2.5 - 3.5 pounds) with 3 lbs being considered ideal. They have compact body type. The ears are small and erect, standing about 2 1⁄2 inches long. 3 inch ears are the maximum length allowed for exhibition stock per the ARBA's Standard of Perfection. When showing a Jersey Wooly, people must know that the head and ears have the most points. The head is bold and squarish which led the breed to being affectionately referred to as the "Mug Head". These rabbits are very affectionate and playful. Most Jersey Woolys have very friendly personalities. As pets they range from laid-back lap bunnies to outgoing explorers. Lifespan The average life span of a Jersey Wooly can depend on many factors, including genetics and care. It is not uncommon for a Jersey Wooly to live 7-10+ years when properly cared for. There is a common myth that those who have had litters die sooner, but this has not been scientifically proven. Many rabbit breeders have healthy Jersey Woolys who have had multiple litters live just as long as pet Jersey Woolys who have never had babies. It is also believed that neutering and spaying these rabbits will add years to their life span. Without neutering or spaying, rabbits can develop cancer and tumors that are life-threatening. A competent, experienced exotics veterinarian is the best way to minimize surgical complications. Care A Jersey Wooly's coat should be brushed regularly. Brushing the wool with a sharp wire brush is not recommended, as the wire can damage the Wooly's very sensitive skin. Jersey Woolies can be housed in a hutch or cage with suitable space. Rabbits are easy to litter box train and litter boxes should have an absorbent material underneath such as paper litter, with plenty of hay on top. Rabbits should have access to hay 24/7 and hay should be a good quality and mold free. Also, they should have a healthy pelleted food and treats such as green vegetables (not lettuce unless Romaine) and the occasional small piece of fruit (not citrus or tomato). All rabbits enjoy being cuddled and played with by their owner when held properly, romping in a safe environment outside their habitat, and playing with rabbit-safe toys. Handling and petting your rabbit helps you to know their body. If any unusual nodes or masses show themselves, you may be able to get a jump on treatment. Don't be afraid to ask for treatment. Clubs The NJWRC website. This site is dedicated to the promotion, development, and improvement of the Jersey Wooly -- "The Fluff of the Fancy." The NJWRC boasts members across the USA, Canada, Malaysia and Japan. NJWRC members have the privilege of competing in the annual sweepstakes contest which measures to a degree, the success of members exhibiting at local, state, and national all breed and Jersey Wooly specialty shows. Wooly Jersey's have a club membership of over 700 worldwide The Jersey Wooly is only found in countries that use the ARBA standards. Some countries recognize a Dwarf Angora, and though it is similar, there are distinct differences between the two breeds. Broken Jersey Woolies were accepted as a recognized variety at the 2004 ARBA Convention in Rhode Island. https://en.wikipedia.org/wiki/Jersey_Wooly http://rabbitbreeders.us/jersey-wooly-rabbits http://www.njwrc.org/ Oryx and Crake is a novel by the Canadian author Margaret Atwood. She has described the novel as speculative fiction and "adventure romance" rather than science fiction because it does not deal with things "we can't yet do or begin to do" and goes beyond the realism she associates with the novel form. Oryx and Crake was first published by McClelland and Stewart in 2003. It was shortlisted for the Man Booker Prize for Fiction that same year, and for the 2004 Orange Prize for Fiction. The novel focuses on a post-apocalyptic character with the name of Snowman, living near a group of primitive human-like creatures. "Across the clearing to the south comes a rabbit, hopping, listening, pausing to nibble at the grass with its gigantic teeth. It glows in the dusk, a greenish glow filched from the iridicytes of a deep-sea jellyfish in some long-ago experiment. In the half-light, the rabbit looks soft and almost translucent, like a piece of Turkish delight; as if you could suck off its fur like sugar." - Oryx and Crake, Margaret Atwood https://en.wikipedia.org/wiki/Oryx_and_Crake THE GREEN RABBIT BEGINNING The cleanup of the Chemical Insecticide Corporation (CIC) Superfund site was the first project the EWA undertook. This 5-acre chemical wasteland was previously a manufacturing facility for agent orange. The land’s toxicity had a severe impact on human health and the environment, which led it to be featured in Molly Ivins’ bestselling book “Bushwhacked.” In 1989, EWA got involved after hearing that the only living things on the site were green rabbits poisoned by a chemical called Dinaseb. This Superfund site is located in a residential neighborhood of Edison, NJ. Children were playing on this land and families were hunting the animals coming off of the CIC site. The chemical runoff was draining into homes, major roadways (Interstate 287, Route 1), and waterways that drain into the Raritan River, the longest river solely in New Jersey and food source to thousands. EWA staff worked with the federal Superfund program to first get the offsite areas downstream in the residential communities identified and cleaned up, and next get the site covered with a plastic tarp until detail studies could be done to determine the best cleanup option. In 2015, EWA is working alongside the Township of Edison and Metuchen to create a dog park and other recreational amenities on this land to bring the community together and provide much needed open space. After more than 20 years of hard work, EWA is extremely pleased to bring this chapter to a close, taking what was once a toxic threat and turning it into a community asset. http://www.edisonwetlands.org/history/the-green-rabbit-story/ The story behind this summer's 'rabbit explosion' at the Jersey Shore They're multiplying and multiplying and multiplying By Brian Hickey PhillyVoice Staff Once you notice the first one, they’re everywhere you look. In what one Jersey Shore wildlife-rescue expert termed “an explosion,” the rabbit and bunny population has grown by leaps and bounds this summer. Granted, there are no concrete statistics available on their numbers. Their notoriously quick and voluminous breeding patterns make that a virtual impossibility. Still, animal-control workers, locals, shoobies, rabbit-rescue volunteers, civic officials and the state Division of Fish & Wildlife all agree that hares have seized land from the southern tip of Atlantic County to the northern end of Ocean County, inland and beyond. The shore-rabbit onslaught first surfaced in July 2016. That was when the Longport Board of Commissioners approved a six-month contract for an animal-control agency “to round up rabbits which are eating the manicured lawns and lovely flowers planted by residents in this wealthy hamlet by the sea.” The effort ceased less than a month later when Longport Mayor Nicholas Russo suspended the program because of backlash that prompted this quote: “Even my own daughter said, ‘Dad, there can be too many negative consequences to this bunny relocation.’ How can I ignore my own daughter and all my young constituents?” While Russo didn’t return a few calls seeking comment about the 2017 rabbit-population increase, Suzanne Fenton of the Wildlife Aid non-profit organization sees a distinct connection. “We’re getting calls mostly from Longport, Margate and Ventnor about rabbits,” she said. “We’ve never kept figures on it, but how many people call animal control when they have raccoons, possums and other predators for rabbits just not because they’re sick or injured, but just because they’re in their yard? “They’ve taken away all the predators in Longport and we’ve had an explosion of small things: chipmunks, moles, skunks. A raccoon in your yard is not the worst thing in the world, but some people call anyway. They would eat the baby rabbits, which is a sad thing to say, but people just don’t want (the predators) in their yards, so they call and have them taken away.” To be sure, the lack of predators is a common explanation for the “rabbit explosion," cited by everyone from Sam Holland of Animal Control of South Jersey, Lisa Kirk with Stafford Township (Ocean County) Animal Control and Andrew Burnett, wildlife biologist with the N.J. Division of Fish & Wildlife. It’s more of a curiosity than a menace, though. At their worst, the rabbits feed off people’s gardens, and set up living quarters in backyards in shore resorts. Those detriments are merely shrugged off by some locals. Maybe that is what Chris Christy was doing when he closed the New Jersey Beach last year.... http://www.phillyvoice.com/story-behind-why-rabbits-have-taken-over-jersey-shore/ Spook Rabbits Bloodthirsty bunnies dwell along a hill in Harmony Township, attacking hunting dogs to avenge the deaths of fellow cottontails. Harmony Township is the home to the urban legend of the spook rabbit. Spook rabbits are bloodthirsty critters out on the prowl. Supposedly, bullets can't stop these fluffy killers. The rabbits were first reported in 1891, when hunting dogs returned to their owners with bloody scratches all over their bodies. Even the most sharp-eyed sportsman cannot kill these hopping predators, locals say. A New York hunting columnist first reported the "spook rabbit" phenomenon in 1891. He ventured out to Harmony and fired at the elusive critters for more than an hour, failing to hit a single target. He remained skeptical, however, explaining that rabbits were protected by dense undergrowth. The wounded dogs, he added, were not the victims of fluffy fiends. Thorn-laced shrubbery along the trail was the likelier culprit, and the likeliest reason behind the dog’s injuries. https://www.ranker.com/list/new-jersey-creepy-stories-legends/chadglapion THE RABBIT AND THE RAM There was once a ram who liked to roam in a bean patch. He was very mischievous, and when they weren't paying attention, he would abandon his companions and end up eating in the bean patch. One day he stayed there enjoying eating the bean plants when the sun set. His stomach was full but he kept on eating. When it got dark he wanted to go back but his horns had become tangled up in the bean tendrils. He kept trying to free himself, but the tendrils wouldn't release him. He was beginning to move from one side to the other among the bean plants when the rabbit arrived. "What's the matter, friend?" the rabbit asked the ram. "Just look at what happened to me, just because I was looking for food. I'm in a real predicament," said the ram. "Don't worry, my friend, I'm going to untangle you right now. There's no problem. After all, aren't we friends?" asked the rabbit. "Thanks, friend, if you hadn't come, who knows what would have happened to me," said the ram. The rabbit finished setting him free and then told him this: "Let's go and eat far from here at a place I know where there's food." The rabbit took the ram to that place. After they were through eating, they looked for a place to spend the night. "Listen, my friend, we're going to look for a good place to sleep, so we won't have any problems and nothing will happen to us tonight, for there are some people who hate us. Not everyone is kind," said the rabbit. They were near a big rock. "It's a good idea to get on top of that rock," they said. They got on top of the rock to sleep. At midnight some big animals began to approach the foot of the rock that they had climbed onto: the lion, the jaguar and the coyote. "My friend, what's going to happen to us? Maybe they'll finish us off." "Don't move, because if you move they'll know someone is up here," said the rabbit. The ram felt the need to pass water. "I feel like passing water, friend, I'm going down to pass water, so as not to wet myself up here," said the ram. "Something could happen to us, friend. Maybe you ought to leave well enough alone. If they hear you climbing down, that'll be the end of us. Lie on your back and relieve yourself that way. Look how thick your wool is: the wetness will disappear into your wool. If I were like you, I wouldn't have to worry about that," said the rabbit. "I'm going to try now," said the ram. The ram tried to lie on his back, but he didn't have any hands to hold on with and he fell down among those who were at the foot of the rock. They were all asleep when the ram fell among them and they all fled out of fear. The rabbit and the ram spent the night in the other animals' house. When dawn came those who had been sleeping at the foot of the rock came back. From afar they were looking to see if the rabbit and the ram were still there. They saw that the rabbit was moving his paws from side to side, and beginning to lick them. So they said to each other: "The little one is the most rascally one, and the big one keeps saying 'yes, sir; yes, sir.' When they look at us, it is as if they're telling us that they're going to knock us down. They're gesturing with their hands," they said. They were all very frightened. But the rabbit was just shooing away flies. That's why he was moving his hands to and fro, and the ram was just complaining. Later they went to eat some more where they had eaten the previous afternoon. The other animals had fled out of fear that night and they never saw them again. After they had gone out to eat again, the ram's master arrived. When the ram realized that he was out looking for him, he said to the rabbit: "Now, my friend, we're going to part company, they're coming for me, take care. We'll meet another time," said the ram. "All right, my friend, you take care of yourself too." And so they parted. This is what happened to these two animals, the ram and the rabbit. http://www.kstrom.net/isk/maya/rabbit.html     © Copyrighted

Some discussion on how the hell is Chris Christy letting himself getting played like this over and over again, more proof that Chris Long is an incredible twitter follow was presented last night and takes on the upcoming fight between Ryan Kelly and Timberfake The post We Are Live!: Chris Christy is a chump, Chris Long shows up appeared first on insidestl.com. --- Send in a voice message: https://anchor.fm/we-are-live-with-chris-denman/message

Batman writer Tom King returns to Bat Force Radio! We discuss the first two arcs of Batman Rebirth, Chris Christy, corn muffins and more craziness! Tune in!

www.madbroradio.com Guest: Randy from the Stoned Socialist Podcast joins us to talk about Chris Christy, corperate america,The protests in Ferguson and the militarization of poliece music: Widibf by Binärpilot Special Thanks to Scatapult for all the graphics

Mike has been seen all over TV, like A&E and NBC. We chat about a TON of things like Chris Christy, Rob Ford, Smart Cars and more..ENJOY

Brute Force in the Year of the Horse, 2014 Maybe it’s not fear that stops people from pushing through.  As the cliche says, always trying to put a round peg in a square hole. Don’t most people that change the world do this?  For most it’s an upset to the way things are suppose to be; the unfamilar, the usual, as a painter paints a painting that shocks the system into thinking about subjects in a new light. The “normal” in society tells us that we dont want to rock the boat, but to do what is expected of us, they may talk about us behind our back, call us names, or chastise us into getting back in line because we upset the natural rhythm of things.  Often we don’t try something new because we may be wrong, or aleast it seems wrong from the point of view of “those in charge.” Follow me on twitter @changealready and @jillianmaasbackman. Visit my website www.jillianmaasbackman.com with comment and intuitive stories of your own  

1- Healthcare.gov the same as Katrina except for the dead and homeless people 2- Chris Christy is not approved by conventional racist homophobes 3- Dave Wilson wants to be black Well watch out for the police 4- Melissa Bachman is not related to Michelle Bachman which is even scarier because now we know there's 2 of them 5- Tips are cash not advice or your close minded hate 6- There seemed to be no hope until bat kid rescued all of us

Welcome to Our Own Voices Live with your Co-Hosts Thomas Berry & Rodney Smith Today's show topic is, "Hurricane Sandy, Chris Christy & The Presidency or Can You Hear Me Now?"   The election is upon us with only 3 days to go before the citizens of the United States of America will make their decision of who will be their leader.