Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. Good morning.
Speaker 2: I'm Nathan Hager and I'm Amy Morris. Here are the
Speaker 2: stories we're following today.
Speaker 3: We begin in Washington, where the federal government is less
Speaker 3: than five days away from another partial government shut down deadline. Now,
Speaker 3: the White House has set up a meeting to try
Speaker 3: to raise the pressure. Not a major sticking point billions
Speaker 3: of dollars in aid to Ukraine. Bloomberg z Ed Baxter
Speaker 3: has the story.
Speaker 4: On the list of attendees a number of key congressional
Speaker 4: leaders like House Speaker Mike Johnson, House Minority Leader Hakim Jeffreys,
Speaker 4: Senate leaders Chuck Schumer and Mitch McConnell. Now, the White
Speaker 4: House says Biden wants to discuss the urgency of passing
Speaker 4: the sixty billion dollar request for US emergency Ukraine aid,
Speaker 4: as well as the looming deadline to fund the government.
Speaker 4: Speaker Johnson's grasp on the speakership is tenuous. Part of
Speaker 4: his dilemma is he could lose it if he pushes
Speaker 4: for Ukraine aid without border. The meeting is set for tomorrow.
Speaker 4: Aad Baxter Bloomberg Radio.
Speaker 2: All right, thank you, Ed. Now to the latest in
Speaker 2: the Middle East Israeli Prime Minister Benjamin Netanyah, who says
Speaker 2: he'll have a plan to move civilians out of the
Speaker 2: southern Gaza city of Rafa before going into dismantle remaining
Speaker 2: Hamaspitalians in the city. Netanyah, who says there's no disagreement
Speaker 2: between Israel and the US on this point.
Speaker 5: We agree on this. I mean, we don't have to
Speaker 5: be prodded. We're on the same page with the US
Speaker 5: on this because that's how we do it.
Speaker 2: Prime Minister Netanyah, who was on CBS's Face the Nation.
Speaker 2: We get more on this from Bloomberg Senior editor Bill Ferries.
Speaker 6: The big deadline we have to keep in mind is
Speaker 6: March tenth. That's when Israel says, if the remaining hostages
Speaker 6: haven't been released, they will go forward with that ground
Speaker 6: offensive in Rafa, and March tenth also coincides with the
Speaker 6: start of Ramanan, so that would raise a lot of criticism,
Speaker 6: additional criticism of Israel from much of the Muslim world
Speaker 6: and the wider world as well.
Speaker 2: Burg's Bill Ferries. Meantime, the Prime Minister of the Palestinian Authority,
Speaker 2: Mohammad Stea, says he and his government will resign, but
Speaker 2: it's not clear if Palestinian President Matmouda Bass will accept that.
Speaker 3: Turning to politics back home, Amy, first, Wall Street considered
Speaker 3: Ron DeSantis, then it went for Nikki Haley. Now the
Speaker 3: Republican donor class is confronting a reality. It's wealthy members
Speaker 3: that hoped to avoid being limited to exerting their clout
Speaker 3: in the election cycle only through state level races. Donald
Speaker 3: Trump's victory in the South Carolina Republican primary has moved
Speaker 3: the former president closer to claiming his party's nomination, and
Speaker 3: now the powerful Coke network has announced it will no
Speaker 3: longer fund Haley's campaign. This is a major reversal that
Speaker 3: underscores traditional donors inability to slow Donald Trump's momentum.
Speaker 2: Adding to that momentum for Donald Trump, another key endorsement,
Speaker 2: John Thune, the second ranking Republican in the Senate, is
Speaker 2: backing the former president in his bid for the White House.
Speaker 2: The South Dakota senator had resisted joining Trump's allies until now.
Speaker 2: This questioned Trump's strength as a general election candidate.
Speaker 3: All right, let's get back to markets now, Amy, Futures,
Speaker 3: as you mentioned, are lower as we begin a new
Speaker 3: trading week. Both the Dow and the S and P
Speaker 3: five hundred ended last week at records, while the Nasdaq
Speaker 3: slipped from its all time high. Katerina Siminetti, Senior vice
Speaker 3: president at Morgan Stanley Private Wealth Management, says investors have
Speaker 3: a tough dilemma during this market rally.
Speaker 7: What we're seeing as the biggest trap to try to
Speaker 7: avoid is when investors are starting to doubt their diversified portfolios,
Speaker 7: starting to dowb asset allocation and are kind of saying like,
Speaker 7: should we stay with blue chip stocks, should we stay diversified,
Speaker 7: or should we switch direction into this highest growing stocks.
Speaker 7: And that's what you know, These are the type of
Speaker 7: conversations that we're having, you know, the beginning of this year.
Speaker 3: Katerina Seminetti of Morgan Stanley Private Wealth says investors will
Speaker 3: be focusing on a busy week of data, including the
Speaker 3: federal reserves, preferred measure of inflation.
Speaker 2: And stock markets may be hitting records, but Warren Buffett's
Speaker 2: Berkshire Hathaway is having some trouble finding places to invest.
Speaker 2: Bloomberg's John Tucker joins us with those details.
Speaker 8: And Amy Buffett says there are no deals out there
Speaker 8: that could deliver eye popping performance soul. He's keeping Berksher's
Speaker 8: cash close at hand, and that pile of cash has
Speaker 8: grown to a record one hundred and sixty seven point
Speaker 8: six billion dollars. In his annual shareholder letter, the ninety
Speaker 8: three year old Bumfitt says there remain only a handful
Speaker 8: of companies in this country capable of truly moving the
Speaker 8: needle at Berkshire, and they have been endlessly picked over.
Speaker 8: The company also reported fourth quarter operating earnings of eight
Speaker 8: point four eight billion dollars that was held by an
Speaker 8: increase in insurance underwriting earnings and investment income. Berkser shares
Speaker 8: are up seventeen percent so far this year. They've touched
Speaker 8: a record in each of the past seven trading days.
Speaker 8: I'm John Tucker, Bloomberg Radio.
Speaker 3: All right, John, thanks on The most actively traded stock
Speaker 3: this morning is Intuitive Machines. We told you about the
Speaker 3: moonshot the company's shares had on Friday following its lunar landing.
Speaker 3: The stock surged as much as forty three percent before
Speaker 3: ending Friday nearly sixteen percent higher. This morning, though Intuitive
Speaker 3: Machines is crashing back to earth. The stock is plunging
Speaker 3: more than thirty four percent. Officials now say that lander
Speaker 3: nicknamed Odysseus likely landed on its side.
Speaker 2: And we do have some deal news this morning. Alcoa
Speaker 2: has made a two point two billion dollar offer to
Speaker 2: acquire its Australian joint venture partner Alumina. The deal would
Speaker 2: give the US aluminum giant full control of Alcohol World
Speaker 2: Alumina and Chemicals, one of the world's largest producers of
Speaker 2: the semi processed form of that metal.
Speaker 3: In Asia, Ant Group is said to have outbid Citadel
Speaker 3: for Credit Suee's investment bank in China. Bloomberg Daybreak Asia
Speaker 3: anchor Brian Curtis has the details from Hong Kong.
Speaker 9: A big surprise. Sources say Ant made a stronger bid
Speaker 9: than what Citadel offered back in December. The bid by
Speaker 9: Ant to build a securities business using the Swiss Bank's
Speaker 9: operations will face a serious review. In the past, China
Speaker 9: said had favored a foreign buyer to open up the
Speaker 9: sector to more foreign competition. UBS, which owns Credit Sueese,
Speaker 9: we then have to decide, not knowing if regulators would
Speaker 9: greenlight the local offer, and other players may enter the
Speaker 9: fray as well. In On Kong, Brian Curtis, Bloomberg Radio.
Speaker 2: All right, thanks Brian, and Bloomberg News has learned the
Speaker 2: Walt Disney Company has signed a binding pack with Reliance
Speaker 2: Industries to merge their media operations in India. Disney's been
Speaker 2: grappling with challenges in India like retaining subscribers and securing
Speaker 2: media assets. Together, the two companies will make a formidable
Speaker 2: media behemoth in one of the world's fastest growing entertainment markets.
Speaker 3: Now it's time to take a look at some of
Speaker 3: the other stories making news in New York and around
Speaker 3: the world, and for that we bring in Bloomberg's Michael Barer.
Speaker 5: Good morning, Michael, Good morning, Nathan. New York Governor Cathy
Speaker 5: hokals mandate that state moves to zero emission school buses
Speaker 5: is getting pushed back by some state Senate Republicans and
Speaker 5: local officials. They believe the entire transition scheduled for twenty
Speaker 5: thirty five, is not affordable on its current timeline. State
Speaker 5: Senator Stephen Rhodes spoke with other officials at gathering in
Speaker 5: Elevittown yesterday.
Speaker 10: Some of the reasons why we're here encouraging the governor,
Speaker 10: encouraging the state legislature to pump the brakes on this
Speaker 10: electric bus mandate until the technology catches up and.
Speaker 11: Until we have an actual plan to be able to
Speaker 11: implement this.
Speaker 5: The measure, which passed in the twenty twenty two to
Speaker 5: twenty three New York State budget, would also bar school
Speaker 5: districts from purchasing diesel fueled buses. At the end of
Speaker 5: June of twenty twenty seven, we're learning more details about
Speaker 5: a deadly fire in New York City that left one
Speaker 5: person dead and required firefighters to rescue trapped residents. The
Speaker 5: two alarm blaze erupting in the Harlem neighborhood Friday also
Speaker 5: left seventeen people hurt. Investigators in New York City a
Speaker 5: lithium ion battery is to blame. Reaction continues after the
Speaker 5: Alabama Supreme Court ort's decision that frozen embryos should be
Speaker 5: considered people. The state's Republican governor now says she's working
Speaker 5: on a solution with GOP lawmakers to protect IVF access
Speaker 5: in the state. As of now, families in Alabama have
Speaker 5: been left waiting as the implications of the court decision
Speaker 5: of being felt across the country. Senator Tammy Duckworth of
Speaker 5: Illinois is a past user of IVF.
Speaker 11: In my case, when we have five fertilized eggs and
Speaker 11: three were non viable when my doctor discarded those with
Speaker 11: my consent, that woul could be considered potentially manslaughter or murder. Basically,
Speaker 11: Republicans have put the rights of a fertilized egg over
Speaker 11: the rights of the woman, and that is not something
Speaker 11: that I think the American people agree with.
Speaker 5: Senator Duckworth spoke on ABC's This Week Heard Sundays on Bloomberg.
Speaker 5: There are more details on what killed beloved Flacco. The
Speaker 5: owl mourners in New York are now leaving flowers and
Speaker 5: letters for the Eurasian eagl aal at his favorite tree
Speaker 5: in Central Park. Flacco's flight stardom again in February of
Speaker 5: last year when someone broke into the Central Park Zoo
Speaker 5: and freedom. He spent the last year out of captivity
Speaker 5: and became part of the talk of not just New York,
Speaker 5: but the nation's believe Flacco flew into the window of
Speaker 5: a building and suffered fatal injuries Friday. Emily Einhorn is
Speaker 5: with the Wild Bird Fund.
Speaker 3: He suffered a double concussion, first from colliding with the
Speaker 3: window and then he actually, unfortunately faceplanted onto the pavement.
Speaker 5: One member of an animal rights group, Sat Flacco captured
Speaker 5: the world's attention. Everybody was rooting for him. Global News
Speaker 5: twenty four hours a day and whenever you want it
Speaker 5: with Bloomberg News.
Speaker 10: Now.
Speaker 5: I'm Michael Barr. This is Bloomberg Nathan.
Speaker 3: Okay, Michael, thank you time now for the Bloomberg Sports Update,
Speaker 3: brought to you by Trice State OUTI. Here's John Stashau,
Speaker 3: It's Nathan.
Speaker 12: The Rangers lost to the Garden of Vegas back on
Speaker 12: January twenty sixth. Family lost February twenty fifth, Columbus. In
Speaker 12: between the play ten games and won all ten. The
Speaker 12: wins Saturday in Philadelphia tied the club record for longest
Speaker 12: win streak. But then they had to travel play a
Speaker 12: game last night and the Blue Jackets scored three times
Speaker 12: second period of one, four to two. Ranger coach Peter
Speaker 12: Lobiolett asked about playing back to back.
Speaker 13: We needed to win a game tonight. There's no there's
Speaker 13: no excuses with the schedule, the schedules, the schedule. Everybody
Speaker 13: catches back to the backs. We're expected to be able
Speaker 13: to handle that and tonight it wasn't wasn't our best.
Speaker 13: We'll learn from it. We played the same MEAs opponent
Speaker 13: on the solo. We'll look to fix some things and
Speaker 13: get back at it.
Speaker 12: Majors and Blue Jackets play again Wednesday at MSG where
Speaker 12: yesterday Saint John's upset fifteenth rank Creighton eighty to sixty six.
Speaker 12: The same Creighton team that had just beaten Yukon, the
Speaker 12: unanimous number one team in the nation by nineteen. The
Speaker 12: same Saint John's team, then last Sunday blew a nineteen
Speaker 12: point late to Seaton Hall, their eight loss in ten games.
Speaker 12: That's the game that led our coach Rick Patino to
Speaker 12: call the Saint John's players unathletic. Patino said then that
Speaker 12: this was the most un enjoyable experience of his life. Yesterday,
Speaker 12: Patino wore a white suit seemed to enjoy the win. NBA,
Speaker 12: the Warriors lost to Denver. The Wizards lost to Cleveland
Speaker 12: and Tampa. Juan Soto in Penstrive for the first time,
Speaker 12: hit a three run opposite field, home or off the scoreboard.
Speaker 12: Aaron Judge two hits at his two at bats. He
Speaker 12: played center field and was then replaced by Top prospects
Speaker 12: six foot six in Spencer Jones. He went two for two.
Speaker 12: He went three for three on Saturday. That top free
Speaker 12: agent that was still on side has his deal. Cody
Speaker 12: Ballinger stayed with the Cubs three years eighty million NLMVP
Speaker 12: for the Dodgers in twenty nineteen. He then had some
Speaker 12: rough seasons, but last season in Chicago, Bellinger hit over
Speaker 12: three hundred and.
Speaker 5: Twenty six home runs.
Speaker 12: Jake Knapp, twenty nine year old PGA Tour rookie, won
Speaker 12: the golf in Mexico. He qualifies to play the upcoming Masters.
Speaker 12: John stash Away En Broot Sports Sneathan.
Speaker 3: Okay, John, thank you. Now let's get back to what's
Speaker 3: happening in the nation's capital. The US is now a
Speaker 3: little bit more than four days away from its next
Speaker 3: partial shutdown deadline, and now President Biden is calling Congressional
Speaker 3: leader to the White House tomorrow to try to head
Speaker 3: that off and to free up more than sixty billion
Speaker 3: dollars in eight to Ukraine that remains locked in a
Speaker 3: border dispute on Capitol Hill. For that and more, that's
Speaker 3: happening in Washington, d C. We're joined by Bloomberg, new
Speaker 3: Senior Editor, Bill Ferries. So, Bill, it seems as though
Speaker 3: the White House was hoping that the two year anniversary
Speaker 3: of Russia's invasion and the death of dissident leader Alexi
Speaker 3: Navalny would add some more momentum to the Ukraine Aid.
Speaker 3: Is there any evidence that it has that now?
Speaker 6: Well, not really. You know, this is this Ukraine Aid
Speaker 6: is something that we've now been talking about since late
Speaker 6: last fall. Really at one point the President was pushing
Speaker 6: for it to be taken care of before the end
Speaker 6: of year holidays, and here we are now heading into March,
Speaker 6: and there's still no sign of a political breakthrough that
Speaker 6: would free up the sixty billion dollars that Ukraine supporters
Speaker 6: here and President Boltimore Zelenski say he needs by really
Speaker 6: the within a month if he's going to keep fending
Speaker 6: off these Russian offensives on this twelve hundred kilometer border
Speaker 6: that he shares with Russia. Now, so it's it's a
Speaker 6: pretty dire time. But as you mentioned, there's a lot
Speaker 6: going on in Washington with the possible possible partial shutdown,
Speaker 6: and it's not clear that this breakthrough will be able
Speaker 6: to happen with all that going on.
Speaker 3: Does that raise the risk then that we could see
Speaker 3: a partial government shut down by the end of the
Speaker 3: week if they don't come to some kind of agreement
Speaker 3: on the foreign aid.
Speaker 5: Yeah.
Speaker 6: Absolutely, I think you know you've got this. It's you know,
Speaker 6: let's say about half a dozen agencies that are involved
Speaker 6: that would run out of funding this week, and then
Speaker 6: additional a whole other slew of departments that would face
Speaker 6: the same fate just a week from now. So those
Speaker 6: talks have always been contentious. This is I think I'll
Speaker 6: probably get this wrong, but it's at least the third
Speaker 6: extension on the budget for these agencies, and with an
Speaker 6: April deadline, a kind of a last minute deadline, there's
Speaker 6: not a lot of time for people to find the
Speaker 6: compromise that they need at this point.
Speaker 3: That April thirtieth deadline, I believe, is when automatic cuts
Speaker 3: kick in. So time, as they say, is of the
Speaker 3: essence in the meantime bill. We're watching and waiting for
Speaker 3: Israel to potentially carry out this offensive against the last
Speaker 3: Hamas battalions in the southern city of Rafa. We've heard
Speaker 3: Prime Minister Nintayaho promised that he's going to have a
Speaker 3: plan to get civilians out of the way have we
Speaker 3: gotten any further signs that that plan is actually going
Speaker 3: to be put into fruition.
Speaker 6: Well as of yesterday on Sunday, the Biden administration said
Speaker 6: that they still hadn't seen any details of what that
Speaker 6: plan would be in terms of evacuating or moving more
Speaker 6: than a million Palestinians out of Rafa ahead of that offensive.
Speaker 6: There's still some optimism that talks and Paris might produce
Speaker 6: some kind of a temporary cease fire, but President or
Speaker 6: Prime Minister Nenyaho has made clear he intends to send
Speaker 6: his forces into Rafa either before or after that ceasefire
Speaker 6: has reached. He said it's a critical part of destroying
Speaker 6: Hamas and insuring peace, and whether it happens before or afterwards,
Speaker 6: it's going to happen.
Speaker 3: And just to close things out. With a lot of
Speaker 3: developments now in the presidential race, we've heard the Coke
Speaker 3: Network Americans for Prosperity Action now saying they're going to
Speaker 3: divert their resources from supporting Nikki Haley to down ballot races,
Speaker 3: and now multiple reports that Ronald McDaniel, the chair of
Speaker 3: the Republican National Committee, is making plans to step down
Speaker 3: a couple days after Super Tuesday, it seems as though
Speaker 3: there's even more consolidation around a former President Trump's candidacy.
Speaker 5: Yeah.
Speaker 6: I think after the South Carolina primary, the stars are
Speaker 6: increasingly aligning for Donald Trump to be the de facto nominee.
Speaker 6: You know, it was a big defeat for Haley in
Speaker 6: her home state, and there's really been no polling that
Speaker 6: suggests the results will be any different on Super Tuesday.
Speaker 6: There's still time. She does still have donors with her,
Speaker 6: she still has some money, but the odds are getting
Speaker 6: appearing longer and longer for her to have any kind
Speaker 6: of an upset that she can claim to help justify
Speaker 6: staying in the race even longer.
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