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tv   Bloomberg Technology  Bloomberg  December 3, 2018 5:00pm-6:00pm EST

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♪ >> order.
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arms.
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[indistinct speaking]
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>> ready. [indistinct speaking]
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>> we give you thanks, almighty god for the appearance among us of great men and women who serve as inspirations for all inricans to be their best service to our god, country, and neighbor. day, we honor our 41st president, george h.w. bush. president bush dedicated his entire life to public service as a vocation, first in the military, than as a member of congress, a diplomat, director of the cia, vice president, and finally, president. it is a record of service reminiscent of john quincy adams, and unmatched in nearly a century. for havingu oh god,
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ann dowd president bush -- endowed president bush. his service to others might be an inspiration to all americans, indeed to all the world. as we continue the celebration that all toant attend to this proceedings my desire to be our best selves in service to all our brothers and sisters as you might call us to be. lord, thank you for inspiring such greatness in president george h.w. bush and continue to bless the united states of america. amen. >>amen.
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>> 30 years ago, on the west front of this capital, george herbert walker bush addressed the nation for the first time as our president. he said, we meet on democracy's from porch, a good place to talk as neighbors and as friends. the words of a humble servant who loved his fellow citizens. and, a principal later when you america not only -- leader who knew america not only guards our future but also safeguards mark received for the world. tonight, he has returned to the
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not on for a final time, the front porch of our democracy this time, but here in its hallowed cathedral. beneath paintings that tell a story of our land and our liberty. statues ofwith fellow champions who joined in making that story possible. was just a teenager when he volunteered for military service and became the navy's' youngest aviator. it was only 20 and the december day when his plane was hit on a bombing run. but, through the fire and smoke, george bush stayed steady at the controls. only once he accomplished his mission, did he perish it out -- parachute out over the pacific.
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he stayed the course. that is what george bush gave us for decades. congressman,ator, ambassador to the united oy to china,, our commander-in-chief. through the cold war and the soviet union's collapse, he kept us on court -- on course. with his even temperament and expertise, george herbert walker bush steered this country head straight as he steered that airplane. andept us flying high challenged us to fly higher still. he did it with modesty and kindness that would have been
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someone 1/10 as tough and accomplished as he was. us pitcher who lies before -- patriot who lies before us was blessed with many gifts but there is no doubt which he prized most of all. the great love story began at that christmas dance when george bush met barbara pierce. and, the grayson virtue they tell their children -- grace and virtue he taught their children has embraced this nation of leaders. with jeb, neil, marvin, and all the bush grandchildren and great grandchildren. we stand with you and morning -- in mourning but also in gratitude for lives well lived and duties thoroughly fulfilled.
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god is thisat country, george and barbara bush, and that they may now be very united in the light of his grace. >> as americans, we have no more solemn duty then laying a great patriot to rest. laying a great patriot to rest. here lies a great man. to the bush family, on behalf of the whole house, republicans and
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democrats, we are profoundly sorry for your loss, and we are honored to celebrate this wonderful life with you. like so many, i feel a personal debt of gratitude today, a sentiment no doubt countless millions of americans are feeling at this moment. in 1988 campaign was the first when i was ever involved in. we headed out -- handed out literature at ballgames and at fairs. i remember going to this big rally at miami, ohio, the day after the first debate. the whole experience really germy into politics. -- drew me into politics. he was the first president had the chance to vote for. he was the first president who taught me and many of us that in a democracy, sometimes you fall short.
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that,hat how you handle that is just as important as how you win. said, preacher once greece is but glory -- grace is but glory begun and glory is but ereece perfected -- grac perfected. glory is transcendent and the life of our republic -- in the life of our republic. this rotunda is a trumpet call to glory. tributes to the giants all the way up into the sky. grace is different. it is more elemental. it is not larger-than-life, it is the stuff of life. the connective tissue in a free
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society. it deepens the well of our common humanity. service,t his life of president bush personified greece. -- grace. this character was second to none. he reached the heights of power with uncommon you melody. -- humility. he made monumental contributions to freedom with decency that resonates across generations. no one better harmonized the joy life --and the duty of there's that image of him as commander-in-chief during that goal for, during -- the gulf war, during a visit during things giving.
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we have images of him as a devoted husband, with that twinkle in his eye that barbara always brought out. forget., i will never there is that image of him as a loving father reaching out to hold his son's hand at the national cathedral after 9/11. there is this letter he wrote his children on the last day of 1990, as he wrestled with the decision over operation desert storm. he begins by recounting the family christmas, and he apologized if he seemed distracted. i tried not to be, he writes. for about one page, he elaborates on his struggle over sending young americans into harm's way. writes, the letter, he every human life is precious.
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copy, he hasinal by hand a note wishing his family a new year. times, georgeial herbert walker bush demonstrated the finest qualities of our nation and of humankind. a great leader and a good man. resolve.soul of firm live isd us that how we as important as what we achieve. hymn of honor. his legacy is grace perfected. glory.ory will belong to
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god bless the 41st president of the united states. >> speaker ryan, leader mcconnell, leadership over -- le ader schumer, leader pelosi, this and wish guests, that most of all -- distinguished guests, but most of all, governor bush, neil, marvin, the entire bush
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humbling tos deeply at theefore you today beginning of our -- a week in our nation's capital where we will commemorate and celebrate the lifetime of service and leadership of the 41st president of the united states. george herbert walker bush. the bible tells us with morning mournhose who most -- to with those who mourn and grieve with those who grieve. we offer our deepest sympathies and respects to your family. we thank you for sharing this special man. with our nation, and the world. bush he comesnt the 32nd american to light -- lie in state in the nation's
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capitol rotunda. soon, americans from all across the country and walks of life will make their way to this rotunda to pay their respects of a grateful nation. on the death of abner, it is written that do you not realize that a commander and a great man has fallen in israel this day? george herbert walker bush, he was such a man. man,s known as the quiet not for lack of nerve or daring, for in all of his 94 years president bush never lost his love of adventure. he never failed to answer the call of service to this country. born into a tradition of public service, george herbert walker bush began his own life of service when he was still in high school. after the japanese attack in
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december of 1941 at pearl harbor, he wanted to do this part and enlisted in the united states navy on his 18th birthday. on receiving his wings, he became the nation's youngest naval aviator and was sent to the south pacific where his story almost ended. 19, -- 1944, his aircraft was hit and his engine caught fire, but he still managed to hit his target before bailing out and being rescued by american forces after some four hours at saint. -- at sea. he earned the thing wished shed flyingistingui cross. george herbert walker bush was just getting started. home, he may a name for himself in the oil business -- made a name for
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himself in the oil business. he walked these calls as a congressman from houston. he was asked to be the ambassador to the united nations and let us during a tumultuous time for the presidency. after earning the respect of another president, he became a envoy toand evoy -- china and led the cia. president of 41st the united states. he once joked about the job saying that there was " nothing substitute to do it all -- do at all." [laughing] records, during set the standard as a sound counselor and loyal
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advisor to an outsider who came to washington dc to shake things up, cut taxes, rebuild the military, and together, they did just that. 1988, he made history again when he was elected in a landslide as a 41st president of the united states of america. becoming the first sitting vice president to win the presidency in more than 150 years of our history. he served during an uncertain time in the world. he made momentous -- made momentous by his leadership. the oversaw the fall of the soviet union, the crumbling of the berlin wall, and under his leadership, america won the cold war. totook our nation to war repel aggression in the persian gulf and through his leadership the unitedr in chief
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states won a decisive victory. when he left office, he left america and the world more peaceful, prosperous, and secure. president bush was a great leader. he made a great difference in the life of this nation. also just a good man. he was devoted to his wife, his family, and his friends -- i was lucky enough to meet him in 1988 when he was vice president. i was a 29-year-old just getting started in politics. always, i was struck by his approachability. there was a kindness about the man. it was evident to everyone never met him. -- whoever met him.
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were characterized by kindness, modesty, and retreat is an. -- patriotism. he was so modest, in fact, he never wrote an autobiography. but, heedly -- leave -- did leave a record of his life and letters -- in letters. time, his circle of correspondence included friends, advisors, staff, business associates, former presidents, just about anyone who would take the trouble to write to him. after a lifetime of writing son got one not too long ago. told two of his sons this weekend, when our son made his first tale of lending as a marine aviator -- landing as a
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marine aviator, i took the liberty of writing the ship's namesake to ask for a small favor. i didn't write as a vice president to a former president, i wrote of -- as a proud father of a former navy pilot. i asked him to sign a picture of the flight deck that i could give to my son. we were told by the staff that the president had long since ended the practice of signing autographs, and we understood the. -- that. but little to my surprise, just ing,ime for my son's wing there came not only a signed photograph, but of course, a letter. -- handed as well signed as well, august 2018.
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hero to my son congratulations on receiving your wings of gold, i know how proud your family is at this moment. he and shortest the letter -- he ensured us the letter came directly from him. " the we have not met, i share the pride your father has for you during this momentous occasion and i wish you many cavu days ahead. g. bush.est, " was a termearn this they use in the navy. it stands for c and visibility, unlimited.
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wrote a letter to his at, in hisaying th it describes my own life as it has been over the years and has -- as it is right now. ceiling, and visibility, unlimited. that may well describe the essence of this man. it may well have been his vision. life,sion he had for his for his children, his children's children, and his country -- no barriers, no boundaries, no limits. with those will mourn and grieve with those who grieve, but we do not grieve like those who have no home. herbert walkere
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bush had that hope. service,t his life of we pray that faith will be a source of comfort. for all those who mourn the loss of this good man and great american. president george herbert walker bush loved his family and served his country. he will always inspire. his lifetime of service will be enshrined in the hearts of the american people forever. may god bless the memory of andge herbert walker bush, may god comfort his family and friends and may god continue to bless the united states of america. . .
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♪ oh beautiful for spacious s
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kies for amber waves of grain, for purple mountain majesties above the fruited plain america, america god shed his grace on thee and crown they good with brotherhood from sea to shining sea. provedtiful for heroes in liberating strife, who more than self their country loved, and mercy more than life. america, america, refine,thy gold
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be nobleness,s gain divine. ♪ [no audio]
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>> eternal father, strong to save, in whom we move and breath and have our being. we thank you for your generous providence that you provided the servant,ur generous
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george herbert walker bush. we thank you for the privilege that you gave us to learn and grow from his integrity, kindness, heroism, courage, excellence, service, intellect, humility, civility, and spirituality. l-livedelebrate this wel h god, tollenge us, o leave the world better than we f ound it. continue to comfort those who mourn. touch each member of the bush family with your mercy, love, and grace. and, god, support us all the day
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long until the shadows lengthen and the evening comes, and the the world lies hushed, and fever of life is over, and our work is done. aen, in your mercy, grant us safe lodging and a holy rest, and a peace at last. we pray, in the name of george herbert walker bush's savior and amen., jesus christ,
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>> we have been watching the arrival ceremony at the u.s. capitol for former president george h.w. bush. the u.s. president has just exited the rotunda where the
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former president is lying in state until wednesday morning. we've heard from a number of speakers including senate majority leader mitch mcconnell, house speaker paul ryan, and vice president pence, all of whom praised the president. after this arrival ceremony, there will be a funeral scheduled for wednesday at washington national cathedral. a second funeral is scheduled to take place in texas. you are looking at live pictures right now. vice president pence, house speaker paul ryan, senate majority leader mitch mcconnell, and his wife. the transportation secretary paying their respects to the 41st president of the united states. did not attend the arrival ceremony but we are hearing that the president will pay hise capitol and
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respects to the 41st president later this evening. we have seen many high-profile guests including president george bush's former cabinet. we also have the former secretary of state attend the arrival ceremony. various leaders and house .inority speakers, nancy pelosi all sitting supreme court justices are also attending the ceremony at the u.s. capitol for president's george h.w. bush, except for justice ruth bader ginsburg, according to the court spokesperson.
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let's discuss all of the latest developments with our bloomberg congress editor joe sobczyk, who is joining us in washington. live looke taking a at former president george w. bush. terving capitol hill, af paying his respects. we have heard the former president talk about his g, as as legacy, sayin result of him being a one-term president, historians have not paid much attention to him. say about the legacy left behind by the 41st president? joe: most presidents leave behind a complicated legacy.
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on the foreign policy side, he is well regarded. his action to repel the invasion while notby iraq, overthrowing saddam hussein, was seen as a masterstroke. he was able to build a coalition to do that and yet not throw the entire region into chaos. he will also be remembered for the way he managed the u.s. response to the fall of the soviet union and the berlin the, at a time that relationship between the countries could have taken a turn south. remembered with a solid legacy. his strong suit overall. his background as envoy to china as you and ambassador a --
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cia directoror and prepared him for that part of it. he is also permitted for his no new taxes pledge, but then came to realize they would have to raise taxes. then may have been one of the reasons he was a one-term thesident, the anger from republican base over that reversal, and the general economic conditions in the u.s. at the time. he was popular after the invasion of the kuwait operation thats. forces, but declined over the rest of his term. he was ultimately defeated in the general election by bill clinton. viewers, you are watching the arrival ceremony former president george h.w.
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bush at the u.s. capitol. theill like in state to public can pay their respects to the 41st president until wednesday morning. joe, we had heard many people talk about the public service of president bush. house speakers paul ryan who said he was the first president he had the chance to vote for. since then, there have been lots of developments in the political arena. senior officials governed as a sensor -- centered moderate republican. a different political environment than now. joe: that's right. he was the last of that generation of presidents, the world war ii generation, to serve. his background was in the moderate republicanism of the
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northeast, even though he lived a portion of his life in texas where he made his home and where he will return. the party has moved away from that. that was his defeat, in the 1992 first rumblings of change in the republican party toward a stiffer version of conservatism that ronald reagan had embodied and that was carried through subsequent elections. his son, the 43rd president, was considered more conservative his his father, in terms of economic policies. he looked to foreign policy to heke his mark, but it was t domestic policies but probably define him more as a conservative, as opposed to the
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more moderate stance of his father. haidi: let's bring in paul allen in sydney. you are watching daybreak: australia. we are seeing tensions between the u.s. and china, and president bush in the mid-1970's was the unofficial ambassador, the representative to beijing. anl: he certainly did lead eventful life. talk aboutul ryan the graciousness of george h.w. bush, but during the 1980's, we would not have described that as a gentler view of politics, but in hindsight, does he represent a more gracious time? joe: he does. he is famous for his thank you toes and other missives
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friends and enemies. whichmpaign in 1988, in he won the presidency, was not kinder and gentler. this was made famous by the willie horton ad used against michael to caucus which had racial overtones -- michael dukakis, which had racial overtones and was seen as a divisive ploy by the republican party. it was hardball politics. his personal demeanor was a bit easternerand as the he carried on relationships with both his political opponents, as well as his allies. while personally gracious, he
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was ready to play hardball. after today's ceremony, waht hat does the week have in store? >> the capitol rotunda will be kept open all night through wednesday morning, before the placel, which will take at 11:00 on wednesday. it will include president trump and the former living presidents, and they will have a ceremony there. longll be eulogized by his advisor,nd and close james baker, and james simpson, a contemporary. remains will be taken back
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to texas, where he will be buried at the bush library at the college station. there will be two or three days of ceremony. pretty much all else in washington has come to a stop. there are no votes in capital. closed on will be wednesday. the supreme court has put off its calendar and congress will be out of session until after the funeral is done. aidi: there seems to be some consensus in congress, a surprising development given the political environment these days, but we are hearing that congress could pass a two-week stopgap spending bill to keep the u.s. government-funded while these proceedings carry on. >> right. deferring topgap,
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the ceremony, and the dignity of the event. it puts off what will be a nasty political fight. theagine that by monday, political bells in washington will resume over these bits of funding for the government and for the border security that president trump wants. onlya respite, but it is secretary -- temporary. scarlet: joe sobczyk, thank you for that. you have an watching the arrival at the u.s. capitol for former president george h.w. bush. he will lie in state until wednesday morning. bloomberg will have special coverage of the funeral starting at 10:00 a.m. in new york. plenty coming up. don't miss daybreak asia.
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this is bloomberg.
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>> good morning. i'm paul in sydney where australia markets have just opened for trade. >> good evening from bloomberg's global headquarters in new york. >> and i'm in hong kong. welcome to day break flverage asia. -- "daybreak: asia." >> our top stories this tuesday, u.s. markets maintain the trade truce rally. the s&p and the dow both rising. more than 1%. the dollar weakens again. the optimism extends to oil with crude surging the most in the five months and

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