Speaker 1: Live from the Bloomberg Interactive Brooker Studios. This is Bloomberg
Speaker 1: Daybreak for Tuesday, April two. Coming up this hour, Elon
Speaker 1: Musk pulls off one of the biggest leveraged buyouts in history.
Speaker 1: We have team coverage of his Twitter takeover, Microsoft and
Speaker 1: Apple leave the earning sporade today, and Russia's foreign minister
Speaker 1: warns the risk of nuclear war can't be underestimated. Resident
Speaker 1: Trump's legal troubles continue with New York's a G plus.
Speaker 1: The southern border remains closed for migrants after a judge
Speaker 1: kept titled thirty two in place. On Michael bar More Ahead,
Speaker 1: I'm John Stans shown sports. The next season is over,
Speaker 1: swept by the Celtics, a ninthin rally for the Mets
Speaker 1: to win in St. Louis. That's all trendy Ahead on
Speaker 1: Bloomberg Daybreak on Bloomberg eleven, Free on New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine
Speaker 1: sixties and Francisco Sirius XM one nine team and around
Speaker 1: the world. Then Bloomberg Radio dot Com and via The
Speaker 1: Bloomberg Business. Good Morning, I'm Nathan Hagar. And I'm Karen.
Speaker 1: Moscow and US Dock Index futures are lower this morning.
Speaker 1: We're coming up to five o one on Wall Street,
Speaker 1: and we check the markets every fifteen minutes throughout the
Speaker 1: trading day. On Bloomberg, Guess and P futures down seven
Speaker 1: points down, futures down seventy six, nasdack futures down seventeen
Speaker 1: The tenure Treasury up six thirty seconds two points seven
Speaker 1: nine percent, and they yield on the two year two
Speaker 1: point six zero percent and nine max Screwed oil is
Speaker 1: down one point two percent. Nathan, Karen, We begin this
Speaker 1: morning with one of the biggest leveraged buyouts in history.
Speaker 1: Elon Musk has clinched a forty four billion dollar deal
Speaker 1: to take Twitter private. Investors will receive fifty four dollars
Speaker 1: and twenty cents for each Twitter share they own. We
Speaker 1: have team coverage for you this morning, starting with Ed
Speaker 1: Ludlow in our Bloomberg nine sixty newsroom in San Francisco.
Speaker 1: Ed has more on four changes Musk may make to
Speaker 1: the platform. Going for word, it's four main things. An
Speaker 1: edit button that is time sensitive. He's talks about that,
Speaker 1: removing bots from the platform. He's talks about that open
Speaker 1: sourcing the algorithm and looking at the underlying technology for Twitter,
Speaker 1: and then finally he's going to look at the issues
Speaker 1: of vans. Elon must basically framed it as being he
Speaker 1: was more in favor of timeouts than all out bands
Speaker 1: on the platform, Bloomberg said. Ludlow says the deal was
Speaker 1: approved unanimously by Twitter's board. It is expected to be
Speaker 1: completed later this year. So where will Elon must get
Speaker 1: the cash to buy Twitter? While Bloomberg's Rnita Young continues
Speaker 1: our team coverage and joins us Live in New York
Speaker 1: with that part of the story, Good morning Randa, Good
Speaker 1: morning care. And it's the twenty one billion dollar mystery. Now,
Speaker 1: there's little doubt Elon Musk can come up with the money.
Speaker 1: After all, the Bloomberg Billionaires Index shows he's the world's
Speaker 1: richest person with a fortune of two hundred fifty seven
Speaker 1: billion dollars. But Bloomberg estimates show Musk has just about
Speaker 1: three billion in cash and somewhat liquid assets, So that
Speaker 1: leaves him with at least three options for financing. One
Speaker 1: way find other investors who buy into his vision, and
Speaker 1: he's already hinted at this possibility. Another way, he could
Speaker 1: sell some of his steak in Tesla, but that will
Speaker 1: likely put the stock at risk. And Thirdly, since Musk
Speaker 1: is likely even richer than calculated by the Bloomberg Billionaires Index,
Speaker 1: he might not even need news sources of funding to
Speaker 1: cover the twenty one billion dollars. Live in New York.
Speaker 1: I'm really need a young Bloomberg daybreak. All right, we
Speaker 1: need to thank you now. Some lawmakers are pushing back
Speaker 1: against the buyout. Senator Elizabeth Warren is calling Musk's Twitter
Speaker 1: deal dangerous. Ed Baxtir continues our team coverage from our
Speaker 1: Bloomberg nine sixty newsroom in San Francisco. Musk and Warren
Speaker 1: are familiar foes. They've had battles over a number of issues,
Speaker 1: but Warren's verbi and share is very strong. She says
Speaker 1: the deal is dangerous for our democracy. She says, quote
Speaker 1: billionaires like Elon Musk played by a different set of
Speaker 1: rules than everyone else, accumulating power for their own gain.
Speaker 1: It's dangerous because one billionaire decides how millions of people
Speaker 1: will have an opportunity to communicate with each other. The
Speaker 1: deal has potential roadblocks, beginning with the SEC but this
Speaker 1: one threatens to be very heated. In San Francisco, I'm
Speaker 1: at Baxter Bloomberg Daybreak and thanks, and we have more
Speaker 1: analysis on the most Twitter deal coming up. In just
Speaker 1: a few minutes, will be speaking live with Wedbush Senior
Speaker 1: analyst Dan ives Well Under the latest on the war
Speaker 1: in Ukraine, Nathan Russian Foreign Minister Sergei Lavrov warnts the
Speaker 1: risk of nuclear war is real and can't be underestimated.
Speaker 1: That's after Defense Secretary Lloyd Austin said the US wants
Speaker 1: to see Russian forces weakened in Ukraine. This morning, Secretary
Speaker 1: Austin is pledging continued US support. Ukraine has done a
Speaker 1: magnificent job defending its sovereignty against Russia's unprovoked invasion. In
Speaker 1: Ukraine's valor and skill will go down in military history,
Speaker 1: and Defense Secretary Lloyd Austin spoke this morning from the
Speaker 1: Ramstein Air Base in Germany. Meantime, the White House says
Speaker 1: President Biden also is working on his next request for
Speaker 1: Ukraine aide to Congress. The Houses also taking action on
Speaker 1: COVID Karen. Just this morning, the Biden administration is announcing
Speaker 1: it will allow all pharmacies to order Fiser's COVID nineteen
Speaker 1: therapy pill as it looks to boost access to the
Speaker 1: drugs supply increases. Starting this week, tens of thousands of
Speaker 1: pharmacies will be able to order the drug. Pilson's have
Speaker 1: started the pandemic, Nathan. Global events and meetings have gone
Speaker 1: virtue all but now. FETCH chair j Powell is set
Speaker 1: to hold his first in person press conference since COVID
Speaker 1: emerged hell Me Live with reporters following the conclusion of
Speaker 1: next week's Today Policy Meeting. Inflation will be a main
Speaker 1: focus for Powell at that news conference. Karen and data
Speaker 1: this morning show prices heading even higher for consumers, according
Speaker 1: to a survey from the National Federation of Independent Business
Speaker 1: For Intent, US small businesses plan to raise prices by
Speaker 1: at least ten percent. And I'm all Street today, Nathan,
Speaker 1: we get a clearer picture of how big business it's
Speaker 1: earnings are coming in. Earnings are rolling in this afternoon
Speaker 1: for Microsoft and Google. Let me get a preview from
Speaker 1: Bloomberg's John Tucker. Google parent Alphabet has been held by
Speaker 1: a rebound and digital advertising, but the shares have LaGG
Speaker 1: and the stock will also face some more difficult year
Speaker 1: over year growth Comparis and analysts estimate earnings per shure
Speaker 1: of dollars seventy three cents, down two percent from a
Speaker 1: year earlier. At Microsoft, analysts are expanding earnings per shure
Speaker 1: of two nineteen. The company may report strong cloud results
Speaker 1: that could more than offset any potential weakness in its
Speaker 1: consumer business. John Tucker, Bloomberg, Daybreak. All right, John, Thanks,
Speaker 1: it's also a big day for earnings in Europe. Let's
Speaker 1: get the latest done that live, we go to London
Speaker 1: and Bloomberg's You and Parts. Good morning You, and good
Speaker 1: morning Nathan and Karen. A trio of banking sector beats
Speaker 1: this morning. Ubs riding a trading boom with better than
Speaker 1: expected profit in the first quarter, but the Swiss banks
Speaker 1: key wealth management business hit by slowing clients activity and
Speaker 1: rising costs. Spain's at Santande also beating estimates, with the
Speaker 1: retail banking giants geographical reach providing a buffer against growing
Speaker 1: economic risks. At HSBC posting a smaller joy in adjusted
Speaker 1: pretax profit than analysts predicted, Europe's biggest bank reporting the
Speaker 1: law than expected credit lost provisions in London. Immune Pault
Speaker 1: has been big daybreak. Okay, you and thanks right now.
Speaker 1: S and P futures are down eight point, staff futures
Speaker 1: down ninety four, nanstack futures down twenty points. Straight ahead,
Speaker 1: your latest local headlines and a check of sports. This
Speaker 1: is Bloomberg and it's sound five oh seven on Wall Street.
Speaker 1: Our current temperature fifty two degrees. We have an accident
Speaker 1: in Brooklyn this morning. Ice found bt QE a headed
Speaker 1: near Atlantic Avenue. Details coming up in traffic. First Michael
Speaker 1: Barr with more on what's going on in New York
Speaker 1: and around the world. Good morning, Michael, Good morning Nathan,
Speaker 1: and New York judge has found former President Donald Trump
Speaker 1: in contempt of court for failing to adequately respond to
Speaker 1: a subpoena issued by the state's attorney general is part
Speaker 1: of a civil investigation into his business dealings. The judge
Speaker 1: ordered Trump to pay a fine of ten thousand dollars
Speaker 1: per day. New York Attorney General Letitia James and asked
Speaker 1: the court to hold Trump in contempt after he missed
Speaker 1: a March thirty first court imposed deadline to turn over documents.
Speaker 1: The federal judge in Louisiana has temporarily blocked Biden administration
Speaker 1: from lifting the border restrictions put in place during the
Speaker 1: coronavirus pandemic. Title forty two was supposed to be lifted
Speaker 1: on May three. The temporary restraining order was requested by
Speaker 1: twenty one Republican led states. Bloomberg Politics contributor Rick Davis says,
Speaker 1: it seems the Biden administration has bungled its administration policy,
Speaker 1: and it just seems like they haven't really focused on
Speaker 1: what the impact is at the state level. They didn't
Speaker 1: consult states that are impacted by the border, and and
Speaker 1: now the whole thing seems to be adding a lot
Speaker 1: of confusion. Frankly, very reminiscent of the current COVID policy.
Speaker 1: Whether it just doesn't seem to be a strategy and
Speaker 1: play here. Bloomberg Politics contributor Rick Davis spoke out with
Speaker 1: Washington correspondent Joe Matthew on Bloomberg Sound on Catch the
Speaker 1: program weekdays at five pm Eastern on Bloomberg Radio. Workers
Speaker 1: at a second Amazon dot Com warehouse in Statn Island
Speaker 1: began voting Monday on the weather to join an upstart
Speaker 1: union that already won a historic election at a nearby facility.
Speaker 1: Employees at the warehouse called l d J five will
Speaker 1: cast their ballots through Friday, with the results expected as
Speaker 1: early as May second, Two days before a mother of
Speaker 1: fourteen children was scheduled to die in the Texas death Chamber,
Speaker 1: Melissa Luccio received the last minute reprieve. Supporters of Luccio,
Speaker 1: accused of killing her two year old child, found a
Speaker 1: forensic expert who says her child's fatal injuries were consistent
Speaker 1: with an accidental fall. Luccio's son, John Luccio, We're gonna
Speaker 1: believe in God, and we're gonna continue believe in him
Speaker 1: and keeping keep our faith up with him in a
Speaker 1: keep on fighting this fight until we bring her home.
Speaker 1: She's no longer going to be executed. My mother will
Speaker 1: be free soon. Don Luccio says. The court will rule
Speaker 1: on the new evidence. Global News twenty four hours a
Speaker 1: day on air, hand on Bloomberg quick Take, powered by
Speaker 1: more than seven hundred journalist and analyists more than a
Speaker 1: d tw two countries. Michael barn this is Bloomberg, alright, Michael,
Speaker 1: thank you. Tuning up to five ten on Wall Street
Speaker 1: time for the Bloomberg Sports Update and Morning Johnston to
Speaker 1: Morning Nathan. This NBA season began with high hopes for
Speaker 1: the New York teams and Knicks were expected to at
Speaker 1: least make the playoffs. The Nets were expected to compete
Speaker 1: for the championship. Neither thing happened. The Celtics completely the
Speaker 1: first round sweet for the Nets, taking Game four in
Speaker 1: Brooklyn one sixteen to one twelve Jason Tatum twenty nine points.
Speaker 1: Boston survived Tatum fouling out in the fourth quarter. Kevin Durant,
Speaker 1: so quiet the first three games, did come alive with
Speaker 1: thirty nine points, but Durant goes out in the first
Speaker 1: round for the first time in his career. He also
Speaker 1: had never gotten swept in a series before k d
Speaker 1: is signed. He should be back. Timber Yerby may not be,
Speaker 1: and who knows about Ben Simmons, who was acquired for
Speaker 1: James Harden and never played. Toronto stayed alive with the
Speaker 1: Game five win in Philadelphia. Dallas beat Utah by twenty
Speaker 1: five to go up three too. Memphis is John Moran
Speaker 1: and him the NBA's most improved player. The Mets in St. Louis,
Speaker 1: Max Scherzer was terrific and seven unti allowed no runs,
Speaker 1: two hits, struck out ten got no run support. Cardinals
Speaker 1: broke up a scoreless game with two runs in the eighth.
Speaker 1: It ain't Mets then rallied in the ninth. He goes
Speaker 1: ready as pitch, We're gonna groundball toward first cold spit
Speaker 1: a typing stop. Nobody's clevering first. What the diego? Smith?
Speaker 1: This safe? Tick deal run third throw home d safe.
Speaker 1: The Mets have the lead. Tomin X Smith comes through
Speaker 1: off the bench with two outs in the top of
Speaker 1: the dine w C. He has. Brandon Nimo followed with
Speaker 1: a two run omber. The Mets improved a thirteen and five.
Speaker 1: They beat the Cardinals five at two. Yankees owes Baltimore tonight.
Speaker 1: If the Rangers have any hopes of winning the division,
Speaker 1: they'll need to beat Carolina tonight at the Garden. John
Speaker 1: Stay Bloomberg Sports didn't thank john SMP futures down down
Speaker 1: six point Stouff futures down seventy nan Stack futures down eight.
Speaker 1: Attain your treasury up eight thirty seconds. The yield two
Speaker 1: point seven eight percent. Twitter shares of four tenths of
Speaker 1: one percent. As Elon Musk buys it out, we get
Speaker 1: insights next from Dan Ives white Bush Securities. This is
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Speaker 1: the Bloomberg Business Outland at Bloomberg Quick Take. This is
Speaker 1: a Bloomberg Business flash and I'm Karen Moscow. Stocks in
Speaker 1: Europe are on the rise as China's pledged to boost
Speaker 1: monetary policy support where its COVID hit economy lifts sentiment,
Speaker 1: while traders are also lying a raft of earnings reports
Speaker 1: from some of the region's biggest companies. US DOCK index
Speaker 1: futures are lower, and we checked the markets every fifteen
Speaker 1: minutes throughout the trading day on Bloomberg. Right now, U
Speaker 1: S and P futures are down seven points down few
Speaker 1: down seventy six, NASDACK futures down four team. The decks
Speaker 1: in Germany is up about one point two percent ten.
Speaker 1: Your treasury up eight thirty seconds, yield two point seven
Speaker 1: eight percent. They yield on a two year two point
Speaker 1: five nine percent, and II Max screwed oil is down
Speaker 1: one point three on a dollar thirty at ninety seven
Speaker 1: four cents in barrel. That's a Bloomberg business flash. Now
Speaker 1: here's Michael Barr with Moore on what's going on around
Speaker 1: the world. Michael, good morning, Good morning, Karen. Russian Foreign
Speaker 1: Minister Sergey Lavrov war in the Ukraine against provoking World
Speaker 1: War three. Lavrov said on Russian TV that the threat
Speaker 1: of a nuclear conflict should not be underestimated. There's mounting
Speaker 1: pressure on former Trump White House Chief of Staff Mark
Speaker 1: Meadows to turn over additional information to January sixth congressional investigators.
Speaker 1: More than two thousand of meadows texts, first reported by
Speaker 1: CNN have now been released. According to the text, some
Speaker 1: of Donald Trump staunch's allies in Congress wanted him to
Speaker 1: declare martial law to prevent Joe Biden from becoming president.
Speaker 1: In the NBA Playoffs, the Celtics eliminated the Nets. Boston
Speaker 1: beat Brooklyn won sixte t to sweep the series in
Speaker 1: four games. In MLB, the mattson Giants one the Red
Speaker 1: Sox lost. Global News twenty four hours a day on
Speaker 1: air and on Bloomberg Quicktake, powered by more than seven
Speaker 1: hundred journalists and analysts more than a hundred twenty countries.
Speaker 1: I'm Michael Barr. This is Bloomberg, Nathan, Michael. Thank you.
Speaker 1: It's five nineteen on Wall Street Live from the Bloomberg
Speaker 1: Interactive Brokers Studios. This is Bloomberg Daybreak, and it is
Speaker 1: the talk of Wall Street this morning. Not to mention
Speaker 1: social media, Elon Musk is buying Twitter in a forty
Speaker 1: four billion dollar leveraged buyout that even the testless CEO
Speaker 1: himself said he wasn't sure would be able to happen
Speaker 1: just a few days ago. Dan Ives is back with
Speaker 1: us this morning, Managing director and senior equity analyst at
Speaker 1: Wedbush Securities. Dan I think it was not even two
Speaker 1: weeks ago we were talking about the fifty best and
Speaker 1: final offer from Elon Musk. It is just incredible how
Speaker 1: quickly the Tesla CEO was able to pull this deal off. Look, ultimately,
Speaker 1: I mean this was really Board's backward against the wall.
Speaker 1: I mean they did the poison pill. They were waiting
Speaker 1: for a white night, a second bidder, but they were
Speaker 1: at the altar and no one ever came. And once
Speaker 1: Musk detailed his financing. Wait last week, the board ultimately
Speaker 1: the clock struck midnight. They had to ultimately sit down
Speaker 1: and do a deal with Musk, and that's why today
Speaker 1: was sitting with the Must Morning Twitter. Do you think
Speaker 1: the deal sticks? I mean, we've got the financing from
Speaker 1: Morgan Stanley, but Elon Musk has got to come up
Speaker 1: with twenty one billion dollars of his own money to
Speaker 1: make this happen. Right, Yeah, he's betten about percent of
Speaker 1: his network pleasure. We have tim percent of his Tesla shares.
Speaker 1: The equity financing is all there, you know, so they're
Speaker 1: from a financing perspective, it's really all set regulatory. I mean,
Speaker 1: they'll definitely be some tuition turned ahead, but I ultimately
Speaker 1: expected to get done into is of a deal. And
Speaker 1: in terms of Twitter shareholders, I mean they were drinking
Speaker 1: some champagne or some good wine last night. Because this
Speaker 1: ultimately ends up in a Goldilock scenario if it's not
Speaker 1: from Must the stockspot about thirty hours. I gotta ask, though,
Speaker 1: do you think Twitter is worth billion dollars? No way?
Speaker 1: I mean it just comes down I mean that I
Speaker 1: mean not again. It goes back to that's why they
Speaker 1: couldn't get a second bitter, because the price is so
Speaker 1: lofty relative to the core fundamental social media headwinds that
Speaker 1: they're seeing. Me look at Facebook just is another example.
Speaker 1: That's ultimately why I must pay the price, and no
Speaker 1: one else was gonna match, so so it continues to
Speaker 1: be a head scratch. And that's why, you know, when
Speaker 1: you look at he's essentially trading Tesla shares for Twitter shares,
Speaker 1: and I would compare it. I mean he's basically trading
Speaker 1: No Boo Sush shoot, you know Sush sheets for you
Speaker 1: know New York City hot dog. Yeah, I've heard that
Speaker 1: to quote before. Yes, it gets to the motivations right
Speaker 1: about what Elon Musk is thinking about buying out Twitter.
Speaker 1: Does he want it to make money? Is it all
Speaker 1: about what he said making it the free speech platform?
Speaker 1: And does that raise the question of whether he even
Speaker 1: needs it to make money in that scenario? Well, that's
Speaker 1: the unusual thing here. It's a guilded age type situation
Speaker 1: where he's not really doing it from a monization respect.
Speaker 1: Music goes back to to be able to monetize forty
Speaker 1: four billions for Twitter, I mean that's going to take
Speaker 1: that's an average I got pill battle. So the freme
Speaker 1: of speech thing, obviously it's front and center. But again
Speaker 1: that's that's the divisive piece, which is a taiwire act
Speaker 1: with Twitter, you know, needs to make sure moves to
Speaker 1: a subscription model and then we give out freeing the speech,
Speaker 1: Like does it start to go down a bad path
Speaker 1: because then others will leave the platform. So that's why
Speaker 1: right now, I mean, this is a platform has been
Speaker 1: on the reform for the last decade, Doors and others
Speaker 1: couldn't turn around. Musk has obviously had massive success with
Speaker 1: other platforms Twitter, that's a whole another animal on versus
Speaker 1: technology platforms like Kpal, Pesla, SpaceX. Now, obviously Elon Musk
Speaker 1: has thrown out a lot of potential changes he would
Speaker 1: make now that he is taking a private What's the
Speaker 1: one serious change that you think Elon Musk could make
Speaker 1: that he is seriously thinking of making as he takes
Speaker 1: Tessil private. The biggest one, I mean, similar almost to LinkedIn.
Speaker 1: I mean, they're going to have a legit premium, fere
Speaker 1: paid per month subscription platform, and I think that's that's
Speaker 1: the biggest thing that investors have always talked about that's
Speaker 1: what I believe they'll implement, really focus more on subscription
Speaker 1: revenue versus advertising. It goes back to like that's a
Speaker 1: business model change. They'll lose a lot of subs, but
Speaker 1: that's really what they need to do here to transform
Speaker 1: the platform. You know, especially if you look relative to Facebook, Instagram,
Speaker 1: TikTok and others each on the outside looking into social media.
Speaker 1: In thirty seconds left here, Dan, do you think CEO
Speaker 1: paragog raal Wall stays Ceo. I think he's going to
Speaker 1: focus on his golf game, getting it down to the scratch.
Speaker 1: I do not seem at Twitter, all right, Dan, Always
Speaker 1: great getting your thoughts, always blunt spoken. Really appreciate having
Speaker 1: God with us this morning, Dan Ives, Managing Director, senior
Speaker 1: equity analyst at Wedbush Securities. Again it is the story
Speaker 1: of the morning, Elon Musk buying out Twitter and a
Speaker 1: deal value forty four billion dollars, biggest leverage buyout ever.
Speaker 1: Our team coverage continues as we check top stories in
Speaker 1: the morning here on Bloomberg Daybreak, as we await big
Speaker 1: tech earning. So can stick around as we check those
Speaker 1: top stories uh this morning. Right now, Twitter shares are
Speaker 1: up six tenths of one percent in the pre market.
Speaker 1: SMP futures down ten points, STAY futures down a hundred five,
Speaker 1: AZDAC futures down thirty. This is Bloomberg, Bloomberg eleven three
Speaker 1: oh weather, mostly cloud. He'd say chance for showers of
Speaker 1: the high near sixty five degrees, upper fifties Tomorrow, mostly sunny.
Speaker 1: It will be mostly sunny, breezy Thursday, with a higher
Speaker 1: fifty five right now fifty two degrees Croadcasting live from
Speaker 1: the Bloomberg Interactive Brokery studio in New York. Bloomberg Eleving
Speaker 1: Freo to Washington, d C, Bloomberg to Boston, Bloomberg one
Speaker 1: O six one to San Francisco, Bloomberg sixty to the country,
Speaker 1: Sirius XM chto one nine team and around the globe
Speaker 1: the Bloomberg Business and Bloomberg Radio dot Com. This is
Speaker 1: Bloomberg Daybreak. It's five thirty on Wall Street. Good morning.
Speaker 1: I'm Nathan Hager and I'm Karen Moscow. We're just about
Speaker 1: four hours away from the open of US trading. Let's
Speaker 1: get you have to date on the news you need
Speaker 1: to know at this hour. We begin with Twitter Elon
Speaker 1: Musk has clenched a forty four billion dollar deal to
Speaker 1: take the social media giant private, and San Francisco Bloomberg's
Speaker 1: ad Ludlow has more on what's next for shareholders. Each
Speaker 1: investor will receive fifty four dollars and twenty cents for
Speaker 1: each share that they hold. The deal has the unanimous
Speaker 1: backing of Twitter's board, and the transaction is expected to
Speaker 1: close by the end of this year. The deal also
Speaker 1: includes a provision where Elon Musque, according to sources, would
Speaker 1: have to pay Twitter a fee if he was to
Speaker 1: walk away from the deal, and Bloomberg's had Ludlow says
Speaker 1: Twitter cannot solicit other offers while the transaction is pending.
Speaker 1: So where will Elon Musk get the cash to buy Twitter?
Speaker 1: Bloomberg's Rnita Young joins us Live in New York with
Speaker 1: the latest. Don that Good morning, Rnita, Good morning Nathan.
Speaker 1: It's the twenty one billion dollar mystery. There's little doubt
Speaker 1: Elon Musk can come up with the money. After all,
Speaker 1: the Bloomberg Billionaires Index shows he's the world's richest person
Speaker 1: with a fortune of two hundred fifty seven billion dollars,
Speaker 1: But Bloomberg estimates show Musk has just about three billion
Speaker 1: in cash and somewhat liquid assets, so that leaves him
Speaker 1: with about three options for financing. One way, Musk could
Speaker 1: find other investors who buy into his vision, and he's
Speaker 1: already hinted at this possibility. Another way, he could sell
Speaker 1: some of his stakes in Tesla, but that will likely
Speaker 1: put the stock price at risk, and since Musk is
Speaker 1: likely even richer than calculated by the Bloomberg Billionaires Index,
Speaker 1: he might not even need new sources of funding to
Speaker 1: cover the twenty one billion dollars. Live in New York.
Speaker 1: I'm Ranita Young Bloomberg daybreak. All right, Granita, thank you,
Speaker 1: I'll Senator Elizabeth Warren was critical of the deal in
Speaker 1: a tweet, calling it dangerous for democracy overseas, Karen, Russian
Speaker 1: farm Minister Sir gay Lavrov is suggesting talks with the
Speaker 1: U S could help end the war in Ukraine, but
Speaker 1: he is warning of serious risk of a nuclear conflict. Meantime,
Speaker 1: Secretary of Defense Lloyd Austin is pledging the US will
Speaker 1: continue supporting Ukraine. We have much more to do Ukraine.
Speaker 1: These are helped to win today and they will still
Speaker 1: need our help when the war is over. Defense Secretary
Speaker 1: Lloyd Austin and spoke today. After visiting key of over
Speaker 1: the weekend, Well, Nathan returned to the Fed now and
Speaker 1: share J. Powell will hold that in person press conference
Speaker 1: at the conclusion of next week's two day policy meeting.
Speaker 1: His last in person presser came in March. And it's
Speaker 1: another big day of earnings with Alphabet and Microsoft releasing
Speaker 1: results after the bell. Industry giants General Electric, Capital One
Speaker 1: and Visa also report today. S and P Future is
Speaker 1: down about ten points this morning. Down Future is down
Speaker 1: eighty nine and as day, Futures down twenty four. Straight
Speaker 1: ahead your latest local headlines plus the check of sports.
Speaker 1: And this is bloomberge on Wall Street fifty two degrees
Speaker 1: in Central Park and it's a debris bill on the
Speaker 1: eastbound b Quee Atlantic Avenue in Brooklyn. Got a steer
Speaker 1: around that. Michael barrs here with what else is going
Speaker 1: on in New York and around the world. Michael, thank
Speaker 1: you very much. Nathan. Former President Donald Trump was held
Speaker 1: into contempt of court and order to pay a fine
Speaker 1: of ten thousand dollars per day. The New York judge
Speaker 1: made the ruling against Trump for failing to adequately respond
Speaker 1: to a subpoena from New York's Attorney General. Trump's attorneys
Speaker 1: said they will appeal this contempt holding, in part because
Speaker 1: they say the subpoena documents simply don't exist. A federal
Speaker 1: judge is now granted the temporary restraining order preventing the
Speaker 1: Biden administration from lifting Title of forty two. That's the
Speaker 1: Trump era public health order which allowed Board of Patrol
Speaker 1: to turn away illegal migrants to prevent the spread of
Speaker 1: COVID nineteen. Bloomberg political contributor Genie Sheheen Zano, I think
Speaker 1: one of the things that's gotten the Biden administration tripped
Speaker 1: up here, quite frankly, is they keep its saying this
Speaker 1: is a matter of public health, not politics. It is
Speaker 1: a matter of public health, but it's also politics. And
Speaker 1: what's tripping them up is you can't divorce the two.
Speaker 1: Bloomberg's Genie seen Zeno spoke with Our Washington corresponded Joe
Speaker 1: Matthew on Bloomberg Sound on Catch the program weekdays at
Speaker 1: five pm Eastern on Bloomberg Radio. Florida Governor Around the
Speaker 1: Santis has signed a bill setting up an election police force.
Speaker 1: You compare us to some of these other states. We
Speaker 1: did a better job, but there's a lot that needs
Speaker 1: to be addressed, and so we weren't going to just
Speaker 1: sit there and say, oh, yeah, we've got everything figured out,
Speaker 1: because there was more to do. In the state of Florida,
Speaker 1: Democrats in the state accused the Santists and Republicans of
Speaker 1: creating public distrust in the integrity of elections. The Texas
Speaker 1: Court of Criminal Appeals issued a stay of execution for
Speaker 1: Melissa Luccio. The fifty two year old mother of fourteen
Speaker 1: was convicted in the death of a two year old child. However,
Speaker 1: defense lawyers and supporters say there is new evidence that
Speaker 1: supports the theory the child fractured its skull accidentally falling
Speaker 1: down steep stairs. Melissa Luccio's son talked to his mother
Speaker 1: on the phone, holding it to the microphone. I just
Speaker 1: want to say thank you to everybody who has supported her,
Speaker 1: supporters say. Luccio's confession was coerced Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than twenty seven journalists and analysts more
Speaker 1: than twenty countries. Michael Barr, this is Bloomberg. Nathan thank you,
Speaker 1: Michael Street. Time for the Bloomberg Sports Update with John.
Speaker 1: Thanks they did. The next season began with them as
Speaker 1: championship contenders. They had three superstars, but James Harden got traded,
Speaker 1: Kevin Durant got hurt, and the unvaccinated Kyrie Irving for
Speaker 1: most of the season either didn't play at all or
Speaker 1: then just down the road. So a bizarre that season,
Speaker 1: and it ended in Brooklyn the one six twelve win
Speaker 1: by the Celtics, who finished off a surprising first round sweep.
Speaker 1: They won all four games by single digits. Jason Tatum
Speaker 1: outplayed Durandoll, though Kad did come alive last night with
Speaker 1: thirty nine points, seven rebounds, nine assists. Didn't help the
Speaker 1: Nets that Nick Claxton was one for eleven from the
Speaker 1: free throw line four for twenty two in the series.
Speaker 1: Was it Kyrie's last game as a net? Sounds like
Speaker 1: it wasn't disused if using that as fuel for the
Speaker 1: summer and come into the season starting from October um
Speaker 1: and and just getting a good start as a team.
Speaker 1: And I hope we willn't run into any barriers um
Speaker 1: and we could just start bredon. Irving is expected to
Speaker 1: decline a thirty seven million dollar option become a free agent,
Speaker 1: says he wants to be back. A few years ago,
Speaker 1: he said he wanted to stay in Boston, and he
Speaker 1: left the Celtics. The only team so far in advanced
Speaker 1: Philadelphia was up three nothing. It's now three too has
Speaker 1: Toronto one game five in Philly, Dallas with an easy
Speaker 1: win and up three two on Utah. What to win
Speaker 1: for the Mets. A scoreless game in St. Louis as
Speaker 1: Max Scherzer was terrific, but the Cardinals scored twice bottom
Speaker 1: the Eighthenny and the Mets then scored five and the
Speaker 1: ninth capped by a Brandon Nemo two on Ormer. The
Speaker 1: Mets beat the Cards five to two. Yankees home tonight
Speaker 1: for Baltimore and the Rangers home tonight for a big
Speaker 1: game with first place Carolina. John Stashoward Bloomberg Sports Nathan
Speaker 1: Thanks John. It's thirty seven on Wall Street time for
Speaker 1: the Tri State Business Report with Bloomberg said Corey New
Speaker 1: York City's urging Amazon shareholders to vote against the re
Speaker 1: election of two of the online retailer's board members responsible
Speaker 1: for human capital management. The city and others say they
Speaker 1: opposed the reelection of Dan Hutton Locker and Judith McGrath,
Speaker 1: saying they've failed to provide adequate independent oversight over workforce issues.
Speaker 1: Union mental health workers employed by Sound Community Services went
Speaker 1: on strike Sunday. They won better conditions and a mental
Speaker 1: healthcare nonprofit in New London, Connecticut. The union says state
Speaker 1: leaders of outsourced public mental health work to nonprofits in
Speaker 1: order to cut costs. Cattalent has agreed to buy Irritech
Speaker 1: self therapy manufacturing facility in Princeton for forty four point
Speaker 1: five million dollars. Irrotech has a Phase one trial and
Speaker 1: first line pancreatic cancer on going in the US, and
Speaker 1: is talking with the FDA about other developments that your
Speaker 1: Bloomberg Try State Business Report. My Ed Corey. Thanks that
Speaker 1: it's thirty eight on Wall Street. Bloomberg Radio is on
Speaker 1: the air from San Francisco to New York, London to
Speaker 1: Hong Kong. Let's check in with our global news team
Speaker 1: for some of the top stories heard on our three
Speaker 1: hundred affiliate radio stations around the world. I'm Steve Podas
Speaker 1: Scan on ten ten Wins in the Ark. We're talking
Speaker 1: about the rising cost of breakfast. I'm Courtney Donaho on
Speaker 1: kat h in Houston. Hospitals are struggling to absorb rising
Speaker 1: costs for labor, drugs and supplies. I'm callin Head called Bloomberg,
Speaker 1: DAB Digital Radio, and de Wiport on Heathrow. The Apple
Speaker 1: says it sees a winter phreeze after a busy summer
Speaker 1: of travel. Passenger numbers are getting better, but it's still
Speaker 1: about sixty five percent below pre pandemic levels. And we
Speaker 1: SA Mateo and I'm w Beezy in Boston. I'll be
Speaker 1: reporting on what lines ahead for Twitter after Elon Musk's
Speaker 1: purchased at the company. Timed Cory on w w J
Speaker 1: in Detroit. I'm reporting General motors, rewards earnings after the close,
Speaker 1: and those are some of the stories. Are twenty hundred
Speaker 1: Bloomberg journalists and analysts are working on this morning around
Speaker 1: the world. It's five thirty nine on Wall Street. The
Speaker 1: following is an editorial from Bloomberg Opinion. After decades of neutrality,
Speaker 1: Finland may decide as early as next month to apply
Speaker 1: for NATO membership, neighboring Sweden. Cartoon falling for both countries.
Speaker 1: The if it's are clear, full membership would bring them
Speaker 1: under NATO's Collective Defense umbrella, guaranteeing that the alliance would
Speaker 1: use force in the event of a Russian attack. NATO
Speaker 1: would also benefit from a Nordic expansion. Finland has an
Speaker 1: advanced air force and intelligence services, and some nine hundred
Speaker 1: thousand Fins have received military training. Meanwhile, Sweden's air defense
Speaker 1: and submarine prowess would be useful in encountering hostile Russian
Speaker 1: activity in the Baltic and Arctic seas. Expanding NATO is
Speaker 1: not without potential hazards, and the risks involved must be
Speaker 1: confronted openly, but the costs of backing down in the
Speaker 1: face of Russia's threat and aggression are likely to be
Speaker 1: far greater. In the end, the bigger NATO would be
Speaker 1: a stronger one. This editorial was written by the Bloomberg
Speaker 1: Opinion editorial Board. I'm David Shipley. For more Bloomberg opinion,
Speaker 1: please go to Bloomberg dot com, slash opinion or opia
Speaker 1: and go on the Bloomberg terminal. This has been Bloomberg Opinion.
Speaker 1: You can hear Bloomberg opinion editorials every weekday at this time.
Speaker 1: Minal customers can read more at O P I N
Speaker 1: GO SMP futures right now down eight points. STOUT futures
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Speaker 1: three points. The tenure treasury is up eight thirty seconds.
Speaker 1: The yield two point seven eight per cent. You're listening
Speaker 1: to Bloomberg Daybreak Bloomberg eleven three oh weather mostly cloudy today,
Speaker 1: a chance for showers of behind your sixty five upper
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Speaker 1: hours a day at Bloomberg dot Com, The Bloomberg Business
Speaker 1: at Land at Bloomberg trick Tape. He's a Bloomberg business
Speaker 1: Flash and I'm famer in Moscow. U s Dock Indix
Speaker 1: futures are lower this morning ahead of a slew of earning.
Speaker 1: Stocks in Europe are higher as China's play to boost
Speaker 1: monetary policy support where it's covid a economy lifts sentiment.
Speaker 1: We checked the markets every fifteen minutes throughout the trading
Speaker 1: day on Bloomberg. S and P future is down about
Speaker 1: eleven points down. Futures down ninety eight. Nasdack futures down
Speaker 1: thirty two, and the decks in Germany's at one point
Speaker 1: two percent. Ten year treasury up nine thirty seconds yield
Speaker 1: two points seven eight percent, a yield on the two
Speaker 1: year two point five nine percent. Ni Max Screwed oil
Speaker 1: is down eight tenths percent or eighty two cents at
Speaker 1: ninety seven dollars seventy two cents of barrel comics gold
Speaker 1: is a half percent or eight dollars ninety cents at
Speaker 1: nineteen o four ninety announce. The euro one point six
Speaker 1: nine two against the dollar, British bound one point two
Speaker 1: seven to one, the yen at one seven point eight zero,
Speaker 1: and bitcoy this morning is of half percent. It's at
Speaker 1: forty thousand, three hundred ninety dollars. That's a bloomberg business
Speaker 1: flash down. Here's Michael Barr with more on what's going
Speaker 1: on around the world. Michael Karen, thank you very much.
Speaker 1: Antonio Guterres, head of the United Nations, is in Moscow
Speaker 1: to try to discuss a possible ceasefire with the Russian president.
Speaker 1: A lot of merry putin. Meanwhile, Ukraine says five train
Speaker 1: stations were hit by Russian air strikes in the space
Speaker 1: of an hour. Yesterday, following a three day search, the
Speaker 1: body of a missing Texas Army National Guard soldier from
Speaker 1: Arlington was found in the Rio Grand River near Eagle Pass.
Speaker 1: That's where twenty two year old specialist Bishop Evans was
Speaker 1: last seen trying to help two migrants who appeared to
Speaker 1: be drowning. In the NBA Playoffs, the Celtics eliminated the Nets.
Speaker 1: Boston beat Brooklyn one twelve to sweep the series in
Speaker 1: four games. In MLB, the Mets and Giants one, the
Speaker 1: Red Sox lost. Global news twenty four hours a day
Speaker 1: on air and on Bloomberg Quick Take, powered by more
Speaker 1: than twenty seven hundred journalists and analysts more than a
Speaker 1: hundred twenty countries. Michael bar this is Bloomberg. Nathan all right, Michael, Thanks,
Speaker 1: It's five forty nine on Wall Street Live from the
Speaker 1: Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak. We want
Speaker 1: to turn out to what's happening the nation's capital, and
Speaker 1: for that we're joined by Joe Matthew, host of Sound
Speaker 1: On Here on Bloomberg Radio. Are Why Shington, correspondent in
Speaker 1: our Bloomberg Studios in the nation's Capitol this morning. Joe,
Speaker 1: I guess we had to start with Elon Musk buying
Speaker 1: out Twitter, because obviously it's the talk of Wall Street
Speaker 1: and now on Capitol Hill, because we've heard from a
Speaker 1: number of members of Congress already weighing in. Not surprisingly, Yeah,
Speaker 1: this is, you know, one of these stories that gets
Speaker 1: talk started. It's it's not a direct line necessarily to
Speaker 1: to reform, but it might be a catalyst for lawmakers
Speaker 1: to start getting to some of the issues that they've
Speaker 1: been complaining about for months and months, a couple of years, actually, Nathan,
Speaker 1: with Republicans, you know, kind of feeling like they've been
Speaker 1: censored by social media. Democrats worried about more of an
Speaker 1: antitrust angle here, and concerned about the power and scope
Speaker 1: of these companies. The latest we heard was Elizabeth Warren
Speaker 1: actually spoke with reporters just last night and said that
Speaker 1: this deal demonstrates the need for serious regulation for big
Speaker 1: tech and that is not a new refrain from Elizabeth Warren.
Speaker 1: We heard from the White House last evening, is all Nathan.
Speaker 1: Really interesting statement that came from Jen Psaki. This was
Speaker 1: during the briefing not a written statement, but clearly one
Speaker 1: that was rehearsed. It refers to President Biden's long concern
Speaker 1: that tech platforms, this is a direct quote must be
Speaker 1: held accountable for the harms they cause, making reference to
Speaker 1: reforming section to thirty, which you know protects these companies
Speaker 1: from liabilities, making reference to antitrust reforms. It does feel like, Nathan,
Speaker 1: we're on the verge of something here. Well, is this
Speaker 1: just rhetorical, Joe, or could this actually be a catalyst
Speaker 1: for action against big tech, even further action than what
Speaker 1: we've seen already. It very much could be a catalyst.
Speaker 1: You have to remember that we have legislation on the table.
Speaker 1: In fact, last year a series of antitrust bills came
Speaker 1: from the Democratic side of the House that have yet
Speaker 1: to be enacted. And you know that Republicans have been
Speaker 1: screaming about the influence of big tech, not just in
Speaker 1: terms of censorship, but look at some of the testimony
Speaker 1: we've heard from lawmakers like Senator Marshall Blackburn of Tennessee
Speaker 1: singling out Facebook and others like Instagram for the the
Speaker 1: emotional damage that she says they have caused young people
Speaker 1: and young women specifically. You put all of this together,
Speaker 1: it's a pretty hostile environment for social media here in
Speaker 1: the Capital. Well, if given that potential hostile environment, show
Speaker 1: I mean, is there anything that the Congress can do
Speaker 1: legislatively or regulatorily to keep this deal from going forward?
Speaker 1: I mean, is that something that's on the table actually
Speaker 1: trying to block Elon Musk from buying Twitter. Nobody seems
Speaker 1: to be talking about that. Look, regulators will have their say.
Speaker 1: I'm not sure lawmakers can get their act together to
Speaker 1: block a deal on this level, but look for action
Speaker 1: on Section two thirty. If this is something that Democrats
Speaker 1: and Republicans agree on, one of these few bipartisan UH
Speaker 1: deals here in Washington, d C. That's more likely than seeing,
Speaker 1: for instance, you know, Facebook or Twitter broken up or
Speaker 1: shut down or or kept from growing. These are kind
Speaker 1: of two different ideas. But remember they than Republicans and
Speaker 1: Democrats want to get to these companies for different reasons.
Speaker 1: So while while they all want to come after Twitter
Speaker 1: and Facebook, they have different angles on the different motivations
Speaker 1: and that could complicate the path to anything actually happening.
Speaker 1: And the time we have left jar I want to
Speaker 1: get to the latest on Ukraine because You've seen a
Speaker 1: pretty significant ramp up at least in the rhetoric coming
Speaker 1: from President Biden's cabinet secretaries after they met yesterday with
Speaker 1: the President of Ukraine Zelinsky in Kievan. Now we're getting
Speaker 1: a pretty strong response from Russia. Well, I should say so.
Speaker 1: Another reference to to possibly using nuclear weapons from Russia's
Speaker 1: Foreign Minister Sergei laugh Roff. That visit from the Secretaries
Speaker 1: of State and Defense clearly got Russia's attention. And this
Speaker 1: is you know, we hear refrains like this frequently when
Speaker 1: Russia feels like it's on its heels. I'll mention as
Speaker 1: well that the Secretary of Defense, Lloyd Austin, is hosting
Speaker 1: a big gathering today more than forty countries military leaders
Speaker 1: from dozens of countries that Ramstein Air Base in Germany.
Speaker 1: The Chairman of the Joint Chiefs will be there as
Speaker 1: well as they figure out the way forward and try
Speaker 1: to arrive at a number for exactly what Ukraine needs
Speaker 1: for military hardware that will be put into a supplemental
Speaker 1: budget request that could come by the end of this
Speaker 1: week from the White House, not just military but also
Speaker 1: humanitarian assistants Nathan. They say it will be in the billions. Yeah, so,
Speaker 1: lots to watch overseas and on Capitol Hill as the
Speaker 1: President puts that next aid request to Ukraine together. Joe Matthew,
Speaker 1: host of Sound on Bloomberg Washington Correspondent. You can catch
Speaker 1: more from Joe this afternoon five pm. Wall Street time
Speaker 1: on Bloomberg. Sound on right here on Bloomberg Radio. Karen,
Speaker 1: All right, Nathan, thank you, and it's five fifty three
Speaker 1: on Wall Street Time for the Bloomberg The Law Report
Speaker 1: brought to you by American Arbitration Association. Business disputes are inevitable,
Speaker 1: resolve faster with the American Arbitration Association, the global leader
Speaker 1: in alternative dispute resolution for over ninety years. More at
Speaker 1: a dr dot org. Now, let's get to a legal
Speaker 1: story following this morning. Georgia Congresswoman Marjorie Taylor Green is
Speaker 1: set to appear on the Republican ballot for the state's
Speaker 1: May primary, but its challenge may affect her eligibility to
Speaker 1: run for reelection. A group of Georgia voters argue that
Speaker 1: Green health facilitate the January sixth insurrection, and that makes
Speaker 1: her ineligible for re election under a rarely sighted section
Speaker 1: of the Fourteenth Amendment dealing with insurrection or rebellion. An
Speaker 1: administrative law judge who presided over a hearing last week
Speaker 1: will present his findings to Republicans Secretary of State Brad Rafensberger,
Speaker 1: who will then make the ultimate determination about whether Green
Speaker 1: is eligible to run for more Bloomberg's doing. Grosso speaks
Speaker 1: to Richard Brifau, a professor at Columbia Law School. Rich
Speaker 1: tell us about this unusual use of the Fourteenth Amendment. So,
Speaker 1: there's a position in the Constitution, in the fourteenth Amendment,
Speaker 1: which was adopted by Congress and ratified by the people
Speaker 1: right after the Civil War, that was designed to deny
Speaker 1: who had taken the oath of office of the United
Speaker 1: States the senators or congressman, and then who had joined
Speaker 1: up with the South and the Civil War and basically
Speaker 1: went into rebellion. In the language the Constitution uses, anybody
Speaker 1: who actually swore a north of allegiance the United States
Speaker 1: as a member of Congress and then engaged in insurrection
Speaker 1: or rebellion against the United States would be denied the
Speaker 1: ability to serve in Congress again unless Congress by two
Speaker 1: thirds votes that that they could. I mean, there's a
Speaker 1: little bit more to it than that, but that's the
Speaker 1: essence of it. If you took an oath of office
Speaker 1: the member of Congress, but then you engaged in insurrection
Speaker 1: or rebellion, you are not eligible to serve again in Congress.
Speaker 1: And the argument that's been raised perspector a number of
Speaker 1: members of Congress who like Marjorie day La Green and
Speaker 1: brought by by voters in their districts, is that she
Speaker 1: and Madison Corthon from North Carolina and a couple of
Speaker 1: congressmen from Arizona were connected to the attack on Congress
Speaker 1: January six, in connection with the electoral College, that they
Speaker 1: were either involved in the planning of or they knew
Speaker 1: about it, or in some ware form gave aid and
Speaker 1: comforted the insurrection. So that's the argument, is that because
Speaker 1: she gave an aid and comfort to the insurrection of
Speaker 1: January six, she is not eligible to be placed on
Speaker 1: the ballot. The defense attorney objected to a lot of
Speaker 1: the questions of Marjorie Tillagreen by saying it violated her
Speaker 1: right of free speech. So where does free speech and
Speaker 1: and insurrectionists talk begin. That's, of course, one of the
Speaker 1: big underlying question here. Involving not just her, but many
Speaker 1: of the people who are involved in the events of
Speaker 1: January six, who argue that what they were doing with speech,
Speaker 1: obviously a lot of them went well beyond speech in
Speaker 1: her case. You know, we don't know enough about what
Speaker 1: she was doing behind the scenes as to whether or
Speaker 1: not she was actively supporting an attack on Congress or was,
Speaker 1: as she says, only supporting a protest of what she
Speaker 1: claimed she believes was a fraudulent vote. And it's just
Speaker 1: very hard to know. But you know, that is one
Speaker 1: question as to how far, in terms of the kinds
Speaker 1: of statements and actions she took, did she get beyond
Speaker 1: permissible political opposition and enter into insurrection. And you can
Speaker 1: questions come up again with members of the Trump administration
Speaker 1: and maybe President Trump himself and answer. Chard Burfoe, a
Speaker 1: professor at Columbia Law Schools, begin to Bloomberg June Grasso.
Speaker 1: Catch more of that interview, plus analysis of the latest
Speaker 1: legal news by subscribing to the Bloomberg Law Podcast. Are
Speaker 1: downloading this show at Bloomberg dot com slash podcast. Attorneys
Speaker 1: can find exceptional legal research and business development tools at
Speaker 1: Bloomberg law dot com and on the Bloomberg Terminal at
Speaker 1: b law Go SNP Future is lower down nine points down.
Speaker 1: Future is down eighty three and nazdeg Future is down
Speaker 1: about twenties six and still ahead. On Bloomberg Daybreak and
Speaker 1: check on the business headlines and all the news you
Speaker 1: need to start your day. This is Bloomberg.