WEBVTT - Jesse Jackson Dies; Iran & US Meet for Nuclear Talks

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good Morning, I'm Nathan Hager and I'm Karen Moscow. Here

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<v Speaker 2>are the stories we're following today.

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<v Speaker 3>Karen, we begin this morning with the passing of a

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<v Speaker 3>civil rights icon, The Reverend Jesse Jackson.

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<v Speaker 4>Has died at the age of eighty four.

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<v Speaker 3>Bloomberg's Alexis Christoffers joins us with more. Good morning, Alexis,

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<v Speaker 3>Good morning.

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<v Speaker 5>The famed civil rights leader who marched alongside Martin Luther

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<v Speaker 5>King Junior and later ran for president twice, died peacefully

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<v Speaker 5>this morning, surrounded by his loved ones. According to his family,

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<v Speaker 5>a cause of death was not immediately given. Jackson revealed

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<v Speaker 5>he had Parkinson's in twenty seventeen and had been hospitalized

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<v Speaker 5>since November after being diagnosed with a degenerative condition. Jackson's

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<v Speaker 5>activism spanned decades, including two runs for the Democratic presidential

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<v Speaker 5>nomination in nineteen eighty four and eighty eight. In two thousand,

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<v Speaker 5>President Clinton awarded Jackson the country's highest honor, the Presidential

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<v Speaker 5>Medal of Freedom, citing his decades of work to make

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<v Speaker 5>the world a better place. Jesse Jackson has survived by

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<v Speaker 5>his six children and his wife of sixty years in

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<v Speaker 5>New York. Alexis Christophers Bloomberg Radio.

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<v Speaker 2>All right, Alexis, thank you. We now turned to a

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<v Speaker 2>couple of high profile talks in Geneva. The US and

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<v Speaker 2>Irun are sent to me for a second round of

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<v Speaker 2>nuclear talks as they seek to avoid renewed conflict in

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<v Speaker 2>the Middle East. On Air Force One, President Trump said

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<v Speaker 2>he will be following the talks closely, so.

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<v Speaker 6>I'll be involved in those talks indirectly, and they'll be

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<v Speaker 6>very important, and we'll see what can happen. Specifically, Rants

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<v Speaker 6>are very tough negotiate with it.

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<v Speaker 4>I think they want to make a deal.

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<v Speaker 6>I don't think they want the consequences of not making

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<v Speaker 6>a deal.

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<v Speaker 3>They want to make a deal, and along with President Trump,

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<v Speaker 3>Secretary of State Marco Rubio says he's hopeful Tehran and

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<v Speaker 3>Washington broker in agreement. Rubio spoke with Bloomberg News editor

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<v Speaker 3>in chief John Micklethwaite on the sidelines of the Munich

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<v Speaker 3>Security Conference.

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<v Speaker 7>I think it's pretty clear that Aron will never be

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<v Speaker 7>allowed to have a nuclear weapon, and that that poses

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<v Speaker 7>a threat not just to the United States, to Europe,

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<v Speaker 7>to world security and to the region. There's no doubt

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<v Speaker 7>about it. The second is, we obviously want to have

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<v Speaker 7>forces in the region because Iran has shown the willingness

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<v Speaker 7>and the capability to lash and strike out at the

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<v Speaker 7>United States presence in the region. You know, we have

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<v Speaker 7>bases because of our alliances in the region, and Iran

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<v Speaker 7>has shown in the past that they're willing to attack

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<v Speaker 7>us and or threat in our basis. So we have

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<v Speaker 7>to have sufficient firepower in the region to ensure that

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<v Speaker 7>they don't make a mistake and come after us and

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<v Speaker 7>trigger something larger.

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<v Speaker 3>Secretary of State Marco Rubio speaking with Bloomberg editor in

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<v Speaker 3>chief John mckelthwaite, Iranian officials have expressed willingness to discuss

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<v Speaker 3>their nuclear enrichment activities, but they've tied any concessions to

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<v Speaker 3>the potential easing of US sanctions.

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<v Speaker 4>Well, Nathan.

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<v Speaker 2>President Trump is reaping high praise on Vice President Jdvans

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<v Speaker 2>and Secretary of State Marco Rubio, but fell short of

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<v Speaker 2>saying if he would support either one of them to

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<v Speaker 2>lead the Republican presidential ticket in the twenty twenty eight election.

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<v Speaker 6>Something I don't have to worry about now. I've got

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<v Speaker 6>three years to go, so it's something I don't have

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<v Speaker 6>to burn JD's fantastic at markers at both.

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<v Speaker 2>Granted, President Trump made the comments to reporters on board

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<v Speaker 2>Air Force One.

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<v Speaker 3>And as we approach the fourth anniversary of Russia's full

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<v Speaker 3>scale invasion of Ukraine Careen, there will also be US

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<v Speaker 3>broker talks between Ukrainian and Russian officials in Geneva. Bloomberg's

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<v Speaker 3>Hugo Miller has the latest from Switzerland.

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<v Speaker 8>It's going to be up to whether the lead US envoys,

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<v Speaker 8>Steve Whitcoff and Jared Kushner can really kind of bring

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<v Speaker 8>the sides together, knock some heads together. They've also brought

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<v Speaker 8>their own idea of a US free economic zone. But

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<v Speaker 8>that's interesting, and that's one thing that both the Russians

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<v Speaker 8>and the Ukrainians agree on. They're both rather cool on

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<v Speaker 8>the idea of a kind of neutral free economic zone.

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<v Speaker 8>So there's really going to be a full day, perhaps

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<v Speaker 8>two days of discussions here in Geneva, but no one

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<v Speaker 8>is too optimistic that a lot of headways going to

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<v Speaker 8>get made.

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<v Speaker 3>Bloomberg's Hugo Miller says the intensity of military strikes has

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<v Speaker 3>risen sharply on both sides this month, despite US efforts

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<v Speaker 3>to end the war.

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<v Speaker 2>Well back here in the nation's capital, Nathan, the Department

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<v Speaker 2>of Homeland Security is still shut down amid a congressional

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<v Speaker 2>funding impass. According to an aid to send it Minority

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<v Speaker 2>Leader Chuck Schumer, the Democrats have sent a counter offer

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<v Speaker 2>on limits their demanding on immigration enforcement activities to the

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<v Speaker 2>Republicans and the White House. The lapse in funding could

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<v Speaker 2>last for weeks with Congress on a recess.

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<v Speaker 3>And there's yet more fallout from the Jeffrey Epstein files.

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<v Speaker 3>Karen billionaire Tom Pritzker says he is stepping down as

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<v Speaker 3>executive chairman of Hyatt Hotels, citing his association with the

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<v Speaker 3>disgraced financier. In a news release, Pritzker says he exercised

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<v Speaker 3>terrible judgment in maintaining contact with Epstein Angelaine Maxwell. He

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<v Speaker 3>says there's no excuse for failing to distance himself sooner. Meanwhile,

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<v Speaker 3>Republican Congressman Thomas Massey is taking aim at Attorney General

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<v Speaker 3>Pam Bondi for the Justice Department's handling of the files.

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<v Speaker 9>Ultimately, it's her who is responsible for the document production.

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<v Speaker 9>According to our law, the Attorney General, it's not Todd Blanche.

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<v Speaker 4>It's not the people below.

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<v Speaker 9>Then you can assign asks to people, but you can't

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<v Speaker 9>assign your responsibility.

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<v Speaker 3>Republican Thomas Massey appeared on ABC's This Week Heard Sundays

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<v Speaker 3>on Bloomberg Radio. The latest trunch of Justice Department documents,

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<v Speaker 3>as well as a cash of emails from Epstein's Yahoo

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<v Speaker 3>account show he also worked behind the scenes at the

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<v Speaker 3>World Economic Forum to help his friends score accommodations and

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<v Speaker 3>meetings with billionaires and government officials at the event. The

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<v Speaker 3>DOJ files include messages between Epstein and World Economic Forum

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<v Speaker 3>President Borga Brenda. Brenda says he had been completely unaware

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<v Speaker 3>of Epstein's criminal activities.

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<v Speaker 2>Nathan authorities are saying a shooting during a Rhode Island

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<v Speaker 2>youth hockey game has left three people dead, including the shooter.

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<v Speaker 2>Authorities say they believe the shooting was a targeted attack

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<v Speaker 2>stemming from a family dispute. And here's Potucket Police Chief

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<v Speaker 2>Tina Gonsalves. We probably had about one hundred people within

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<v Speaker 2>the station that we talked to.

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<v Speaker 4>We can also tell you.

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<v Speaker 6>That a good Samaritan stepped in and interjected in this scene,

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<v Speaker 6>and that's probably what led to a swift end of

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<v Speaker 6>this tragic event.

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<v Speaker 2>And that's paw Tucket Police Chief TENA. Gunsalvis, who says

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<v Speaker 2>the shooter died from an apparent self inflicted gun to

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<v Speaker 2>shot wound. Gun Salvis identify the shooter as Robert Dorgan,

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<v Speaker 2>who said she also went by the name ROBERTA.

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<v Speaker 4>Esposito.

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<v Speaker 3>Well, Karen, let's get to the latest on Nancy Guthrie's disappearance.

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<v Speaker 3>The search for Today's show hosts Savannah Guthrie's mother is

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<v Speaker 3>now into a third week. Investigators are consulting with management

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<v Speaker 3>at Walmart to develop leads. The Ozark Trail Hiker pack

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<v Speaker 3>backpack that the suspect was wearing in surveillance video from

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<v Speaker 3>Nancy Guthries's porch is sold exclusively at Walmart. Investigators also

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<v Speaker 3>say a glove found near the home was sent for

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<v Speaker 3>DNA testing. Steven Jensen is a former investigator from the

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<v Speaker 3>FBI's Washington Field office.

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<v Speaker 10>Descriptors like the clothing, the globe, the unique culture that

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<v Speaker 10>he was wearing.

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<v Speaker 4>Can we identify where this was purchased?

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<v Speaker 10>And it sounds like Walmart is a prime retailer for

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<v Speaker 10>many of these items, and then you're looking for patterns

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<v Speaker 10>inside of the retail data.

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<v Speaker 3>It's former FBI investigator Stephen Jensen. P mc County Sheriff

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<v Speaker 3>Chris Nanos also says members of Guthrie's family, including siblings

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<v Speaker 3>and spouses, have been ruled out as suspects. President Trump

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<v Speaker 3>told The New York Post he would ask the Justice

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<v Speaker 3>Department to seek the death penalty if Nancy Guthrie is

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<v Speaker 3>not returned alive.

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<v Speaker 2>Nathan, Let's turn to the markets now. Futures are lower

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<v Speaker 2>as Wall Street returns to a holiday shortened trading week,

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<v Speaker 2>and it will once again be a busy week for earning.

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<v Speaker 2>To get a preview with Bloomberg's Charlie.

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<v Speaker 11>Pellett, Investors are looking beyond the headline and guidance numbers

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<v Speaker 11>for clarity on AI capital investments. Mark Lushini is chief

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<v Speaker 11>investment strategist at Jenny Montgomery Scott. He's watching revenue.

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<v Speaker 10>I mean, right now we're seeing not only estimates obviously,

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<v Speaker 10>as we're closing out confessions. He's in for the first

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<v Speaker 10>for the fourth quarter, continue to beat expectations. That's a

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<v Speaker 10>pretty heavy pace, not only on earnings but revenues.

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<v Speaker 11>Among this week's most closely watched reports will be Walmart,

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<v Speaker 11>also reporting tech names, Palo Alto Networks, analog devices and

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<v Speaker 11>Cadence Design Systems in New York.

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<v Speaker 3>Charlie Pellett, Bloomberg Radio, all right, Charlie, thank you. May

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<v Speaker 3>have some deal news on this day observed. I think

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<v Speaker 3>we could say the Financial Times is are putting the

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<v Speaker 3>Danahers near a ten billion dollar deal to acquire medical

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<v Speaker 3>technology for Massimo. The purchase of Mark Danahers largest acquisition

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<v Speaker 3>since it's twenty one billion dollar takeover of Sitiva in

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<v Speaker 3>twenty twenty. Masimo shares up thirty eight percent in early trading.

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<v Speaker 2>Hey then shares a bhp. They are at more than

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<v Speaker 2>one percent in Europe. The world's largest minor posted earnings

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<v Speaker 2>at the upper end of analyst expectations. A year's long

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<v Speaker 2>effort to shore up copper production, combined with a historic

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<v Speaker 2>metals rally, offset a lackluster period for its giant iron

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<v Speaker 2>ore business time now for a look at some of

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<v Speaker 2>the other stories making news in New York and around

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<v Speaker 2>the world, and for that we're joined by Bloomberg's and

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<v Speaker 2>Michael Barr.

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<v Speaker 4>Michael, good morning, Good morning, Karen.

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<v Speaker 12>It is a tragic day for an Indianapolis community. Authorities,

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<v Speaker 12>say a beech Grove officer was shot and killed Monday

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<v Speaker 12>while responding to a domestic incident, and another officer was wounded.

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<v Speaker 12>Thirty three year old officer Brian La was killed at

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<v Speaker 12>the scene and the suspect fled. Sergeant John Perne with

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<v Speaker 12>Indiana State Police said the suspect was caught.

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<v Speaker 13>An alert community member flagged down a police officer and said, hey,

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<v Speaker 13>something's not right, and they were correct. They pointed us

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<v Speaker 13>in the direction of where we they believe the suspect

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<v Speaker 13>was hiding. An impd Swatt was able to move in

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<v Speaker 13>within minutes of that tip.

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<v Speaker 12>Sergeant Pernes says officer Elliot had been with the department

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<v Speaker 12>a little over the year. The second officer is expected

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<v Speaker 12>to survive. A federal judge has ordered and exhibit about

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<v Speaker 12>nine people enslaved by George Washington to be restored at

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<v Speaker 12>his former home in Philadelphia after President Donald Trump's administration

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<v Speaker 12>took it down last month. The order came on President's Day.

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<v Speaker 12>The City of Philadelphia sued last month after the National

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<v Speaker 12>Parks Service removed the panels from Independence National Historical Park.

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<v Speaker 12>Tributes continued to come in for actor Robert Duvall. His

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<v Speaker 12>family confirmed he died Monday at his Virginia Farm. Dval

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<v Speaker 12>sat his most quotable line. It came from The Apocalypse.

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<v Speaker 4>Now Hello, the Spill.

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<v Speaker 1>Of Black Pup of the Morning.

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<v Speaker 12>Among his many films, Duval is also remembered for his

0:10:17.120 --> 0:10:20.160
<v Speaker 12>role as Tom Hagen and The Godfather and The Godfather

0:10:20.240 --> 0:10:20.720
<v Speaker 12>Part two.

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<v Speaker 6>Nobody has ever gone down a New York police captain.

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<v Speaker 12>Never.

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<v Speaker 4>It would be disastrous.

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<v Speaker 3>All the five families would come after you, Sonny, the

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<v Speaker 3>Corleone family would be outcast. Even the old nice political

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<v Speaker 3>protection would run for COVID.

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<v Speaker 12>He also wrote, directed, and starred in the acclaim movie

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<v Speaker 12>The Apostle, and was hailed for his performance in the

0:10:40.720 --> 0:10:45.079
<v Speaker 12>TV mini series Lonesome Dove. Robert Devall was ninety five

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<v Speaker 12>Global News twenty four hours a day and whenever you

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<v Speaker 12>want it with Bloomberg News. Now Michael Barr and this

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<v Speaker 12>is Bloomberg Herron.

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<v Speaker 4>Well, thanks Michael all the time.

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<v Speaker 2>Now for our Bloomberg Sports update, and for that we

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<v Speaker 2>bring in John stash Hour Menks.

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<v Speaker 14>Darren do College basketball Michigan for the first time since

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<v Speaker 14>twenty thirteen. Houston is now ranked second, but the Cougars

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<v Speaker 14>lost at sixth ranked Iowa State seventy to sixty seven.

0:11:08.960 --> 0:11:11.959
<v Speaker 14>Duke is now ranked third easy win over Syracuse one

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<v Speaker 14>oh one to sixty four. Speaking of easy wins, US

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<v Speaker 14>five nothing over Sweden and the women's hockey semifinals, the

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<v Speaker 14>US team is six and zero by a cumulative score

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<v Speaker 14>of thirty one to one. Play Canada for the gold

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<v Speaker 14>medal Thursday. A gold medal in the bobs led for

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<v Speaker 14>America and Lena Myers Taylor. That's a Bloomberg Sports update.

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<v Speaker 4>Stay with us.

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<v Speaker 2>More from Bloomberg day Break coming up after this.

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<v Speaker 4>Good morning on Nathan Hager.

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<v Speaker 3>Geneva is the epicenter of diplomacy today, with the US

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<v Speaker 3>holding high level talks both on Iran's nuclear program and

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<v Speaker 3>the war in Ukraine. President Trump says he will be

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<v Speaker 3>involved in the Iran discussion indirectly.

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<v Speaker 6>Typically, Rans are very tough negotiator and good negotiators, or

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<v Speaker 6>band I would say they bad negotiators because we could

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<v Speaker 6>have had a deal instead of sending the V twos

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<v Speaker 6>into knockout their nuclear potential.

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<v Speaker 3>I was President Trump of Board Air Force one last night.

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<v Speaker 3>This morning, were joined by Bloomberg Chief Europe correspondent Oliver

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<v Speaker 3>Crook ollie, Good morning. What are we expecting from this

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<v Speaker 3>next round of Iran talks?

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<v Speaker 15>Yeah, well, listen in a very tall order for the

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<v Speaker 15>Trump administration trying to resolve or at least make progress

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<v Speaker 15>on two of the most sort of complicated geopolitical crises

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<v Speaker 15>and situations that we've got, both Russia and Ukraine, and

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<v Speaker 15>of course Iran and the United States, which are now

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<v Speaker 15>in open dialogue about kind of what the future of

0:12:41.679 --> 0:12:44.280
<v Speaker 15>that relationship looks like. What the United States would like

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<v Speaker 15>to achieve is to get forward on a sort of

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<v Speaker 15>framework for the sort of denuclearization, the sort of commitment

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<v Speaker 15>against enriching uranium, those sorts of things with the Iranians

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<v Speaker 15>want in return is sort of sanctioned relief. And given

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<v Speaker 15>sort of how tall an order this is, we should

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<v Speaker 15>say that these conversations with Iran, unlike the ones with

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<v Speaker 15>Russia and Ukraine, these are still at the very sort

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<v Speaker 15>of early stages here. But really upping the stakes here

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<v Speaker 15>is the fact that there's a second aircraft carrier that's

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<v Speaker 15>headed into the regions. We also had over the last

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<v Speaker 15>couple of days the Iranians Revolutionary Guard. They're holding exercises

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<v Speaker 15>again in potential preparation for some kind of conflict. And

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<v Speaker 15>that really is the kind of stakes here that have

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<v Speaker 15>been set for the stage, whether it's President Trump, whether

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<v Speaker 15>it's Mark or Rubio for the last couple of days,

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<v Speaker 15>basically all saying that they prefer a diplomatic resolution to

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<v Speaker 15>this issue, but making very clear that forrest is certainly

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<v Speaker 15>an option that is on the table.

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<v Speaker 4>So we'll be watching very closely.

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<v Speaker 15>In Geneva, they've been speaking for about about two hours

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<v Speaker 15>now so far this morning, so we see if we

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<v Speaker 15>get anything out of that. And as far as the

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<v Speaker 15>markets are concerned, as we take as a sort of

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<v Speaker 15>barometer for how worried they are, you know, the oil

0:13:41.480 --> 0:13:43.480
<v Speaker 15>market looking pretty sedate this morning, so we're watching very

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<v Speaker 15>closely what we get on that, certainly.

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<v Speaker 3>But with those two aircraft carriers in the region, does

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<v Speaker 3>that suggest something about the timing that the US is

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<v Speaker 3>looking for in terms of hammering out a final deal here.

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<v Speaker 15>Well, I think that that's sort of a very sort

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<v Speaker 15>of interesting side of it, right, because this is something

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<v Speaker 15>that is obviously intended to escalatet the pressure on the Iranians.

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<v Speaker 15>But given how complicated any kind of deal between the

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<v Speaker 15>two sides is going to have to be. You know,

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<v Speaker 15>I don't imagine that this is something you can just

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<v Speaker 15>hammer out in a couple of summits. The first round

0:14:10.000 --> 0:14:12.280
<v Speaker 15>of talks was on February the sixth. This is only

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<v Speaker 15>the second round of talks. When you think about the

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<v Speaker 15>difficulty and the diplomacy here required in order to strike

0:14:17.480 --> 0:14:19.520
<v Speaker 15>a deal, this is not something that is likely to

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<v Speaker 15>happen overnight. That being said, we have been surprised in

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<v Speaker 15>the past by Trump foreign policy efforts that have yielded

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<v Speaker 15>something that was completely unexpected. We think, of course, of

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<v Speaker 15>the truce or the ceasefire that was arrived at between

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<v Speaker 15>the Israelis and Hamas, which really is something that at

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<v Speaker 15>first I think there was very little optimism could really

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<v Speaker 15>be achieved and then suddenly sort of came into fruition

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<v Speaker 15>rather quickly.

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<v Speaker 3>And in terms of the Russia Ukraine discussions, I've kind

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<v Speaker 3>of lost track of which round we're on there. But

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<v Speaker 3>are we expecting any breakthroughs in Geneva today?

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<v Speaker 15>Yeah, I think that the sort of expectations are fairly

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<v Speaker 15>low from the sort of renewed effort with the trilateral

0:14:53.880 --> 0:14:56.400
<v Speaker 15>talks that involve the United States, the Ukrainians, and the

0:14:56.440 --> 0:14:58.800
<v Speaker 15>Russians were basically this is the third meeting in about

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<v Speaker 15>three weeks, so there certainly has been an increase of

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<v Speaker 15>the cadence of these sort of negotiations. That being said, again,

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<v Speaker 15>you listen to Marco Rubio while he's been in Munich,

0:15:06.800 --> 0:15:09.080
<v Speaker 15>while he's been in Budapest over the last couple of days,

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<v Speaker 15>he's basically saying, some days I feel better about it

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<v Speaker 15>than others, but at the end of the day, you know,

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<v Speaker 15>I'm not really in a position to say whether or

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<v Speaker 15>not we're any we're any closer to a resolution for

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<v Speaker 15>this war. What we did hear, interestingly from Zelenski at

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<v Speaker 15>the Munich Security conference over the weekend was basically saying

0:15:23.520 --> 0:15:26.520
<v Speaker 15>that if we can negotiate a ceasefire for two months,

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<v Speaker 15>then the Ukrainians are willing to hold an election in Ukraine,

0:15:29.440 --> 0:15:31.600
<v Speaker 15>which is, you know, a sort of meaningful step from

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<v Speaker 15>the President of Ukraine, particularly since the Trump administration in

0:15:35.320 --> 0:15:38.080
<v Speaker 15>Trump himself has put some pressure on the Ukrainians to

0:15:38.120 --> 0:15:40.000
<v Speaker 15>do that. That being said, we should also say that

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<v Speaker 15>the Russians have been absolutely hammering the energy infrastructure over

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<v Speaker 15>in Ukraine, and we should just say, just to give

0:15:45.320 --> 0:15:47.960
<v Speaker 15>people a reminder here, the temperature in Kiev right now

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<v Speaker 15>is seventeen degrees fahrenheit with a low of ten degrees

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<v Speaker 15>without about hundreds of thousands of people across the country

0:15:53.120 --> 0:15:55.200
<v Speaker 15>periodically without electricity and without heat.

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<v Speaker 4>And I'm Nathan Hager.

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