President said the Incoming Trump and asked ration cost decision could help support economic rates. Welcome to bloomberg daybreak. Our flagship morning show. I am anna edwards. The call after the storm. Some of what is happening in the asian equity sessions and other Asset Classes as we consider whether the market is making of the latest coming out of italy. Forgh of relief, promising italian voters. That was the conclusion over the weekend. It has come down the little bit. Running into that italian vote. It did not take long for markets to readjust this time around. Lets show you where we are on the asian equities session. Italy reliefe rally as the president of italy seeks to minimize political fallout. Approval could happen this week. S p futures are muted. The dow returning to record levels. U. S. Data is in focus. That is the focus as we go through december. We got that you news yesterday. We see the euro is weak or by about. 1 of 1 . Near its strongest level since the middle of d
Diplomatic corps alive today. He said, i do. We could have gotten that agreement if we had been a little more persistent, flexible and creative. But what really cost us was the political withdrawal. We cut off highlevel Political Engagement with iraq when we withdrew our troops. There were no senior visits. Very few phone calls. Secretary of state john kerry made one visit prior to this Current Crisis mainly to lecture the iraqis on how bad they were being for facilitating iranian Weapons Systems to syrian Bashar Assad Bashar Assad and we left them to their own devices, knowing if left to their own devices it would not work out well. You have mr. Blinkens comments and juks to pose them with juxtapose them with crocker. Heres what leon panetta said, secretary of defense quote it was clear to me and many others that withdrawing our forces would endanger the fragile stability then barely holding iraq together. Thats from secretary leon panettas book. Then he went on to say my fear is i vo
Sell oil and share the revenues. Again, is it going to last or is it just another shortlived political deal . My worries are, my hope is, of course, that it will be a step in the right direction and the right direction being a National Hydrocarbon law that has at least the quad political backing on both sides, but i also have worries. Past legacy is not very promising and, of course, we also have all of these pending issues such as land, such as revenue sharing, the grievances of boss are, the bosra, that the same that is echoed, why should the kurdish share oil with the government. These are challenges that the hydrocarbon deal is being faced with. I think kurdish oil policy when t initially started in 2004 2005, some say how oil is being managed. The pushback in baghdad was so strong and fierce and aggressive, this small cat was correspond into the corner and it was turned into a tiger that is thousand big enough for baghdad to deal with. That has been one of the landmarks of kurdish
How do wen between work between International Institutions and liberal internationals. And where do we actually use the force directly. One of the things you mentioned in your article was the first two years of the Obama Administration was more realist. If you look at things like the smartistan surge and the power sort of campaign. If you look at the israelipalestinian negotiation effort, one would say that was not terribly realistic or did not produce the results that they hoped. There was a strand of idealism that goes back. Its hard for us to check these high ideals. There is the instinct there and it is hard, i think, for Many Americans to leave that at the door. The one thing that has changed which maybe wasnt so much in the article but we will talk about is how the world is changed fundamentally. I think obama has adapted to it somewhat. And the criticism of the indispensable power framework is spot on. Thes not only the rise of other countries like india and china which is quite
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