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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning.

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Speaker 1: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 1: stories we're following today, Karen.

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Speaker 2: Stocks around the world are heading for fresh records. There

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Speaker 2: is optimism that this morning's inflation report will not undermine

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Speaker 2: the case for interest rate cuts from the Federal Reserve.

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Speaker 2: Bloomberg's Michael McKee has more on the consumer price data

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Speaker 2: coming for the month of April.

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Speaker 3: There's some nervousness on Wall Street after yesterday's hot producer

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Speaker 3: price index. Will consumer price increases start slowing again? The

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Speaker 3: forecast is for the annual core rate to fall. How

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Speaker 3: much may depend on housing. Economists and Fed officials have

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Speaker 3: been waiting for this inflation goodo to show up. It

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Speaker 3: represents about a third of the overall CPI index. Fed

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Speaker 3: Chair Powell yesterday suggested it's about time for rent and

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Speaker 3: house prices to cool. What happens, it may have a

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Speaker 3: major impact on the Fed's thinking about rate cuts. Michael McKee,

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Speaker 3: Bloomberg Radio.

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Speaker 1: Sorry, Michael, thanks well. It's also a busy morning four politics.

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Speaker 1: It was a primary election day in Maryland, West Virginia,

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Speaker 1: and Nebraska, and one race in particular could determined control

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Speaker 1: of the Senate. In November, Angela also Brooks defeated one

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Speaker 1: of the richest members of Congress, David Schron in Maryland's

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Speaker 1: Democratic Senate primary. Also Brooks won with fifty four percent

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Speaker 1: of the vote to Trone's forty one point nine percent.

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Speaker 1: She'll face former Republican Governor Larry Hogan in November.

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Speaker 4: You know they said the Hogan brand of politics was debt.

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Speaker 5: Well, once again we proved them wrong tonight.

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Speaker 1: And Larry Hogan is a critic of former President Trump

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Speaker 1: and is expected to be competitive against also Brooks. She'd

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Speaker 1: be Maryland's first black Senator if elected.

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Speaker 2: In West Virginia, Karen Republican Governor Jim Justice won the

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Speaker 2: primary for retiring Democrat Joe Mansions Senate seat with sixty

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Speaker 2: one point nine percent of the vote. Justice is heavily

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Speaker 2: favored to wain. In November, a couple of candidates with

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Speaker 2: ties to the January sixth attack on the US Capitol

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Speaker 2: lost their races. Derek Evans, a former West Virginia state

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Speaker 2: representative who served three months in prison for taking part

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Speaker 2: in the riot. He lost a primary challenge to Republican

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Speaker 2: congresswoman Carol Miller Evans took just thirty seven percent of

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Speaker 2: the vote to Miller's sixty three. Former US Capitol Police

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Speaker 2: officer Harry Dunn fell short to Maryland state Senator Sarah

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Speaker 2: Elfreth and a crowded Democratic primary for the state's third

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Speaker 2: congressional district. Elfreth took thirty five point four percent of

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Speaker 2: the vote to Dunn's twenty four point nine. And in Nebraska,

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Speaker 2: Senator Pete Ricketts won a Republican special primary to fill

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Speaker 2: the rest of Ben Sass's term. He took seventy nine

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Speaker 2: point one percent of the vote and will face Democrat

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Speaker 2: Preston Love Junior in November.

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Speaker 1: Well Nathan Nowe to the latest developments in the hush

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Speaker 1: money trial of Donald Trump, The defense has been grilling

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Speaker 1: the prosecution's star witness, Michael Cohen. Began more from Bloomberg

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Speaker 1: law host jow In Grosso in New York.

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Speaker 6: During cross examination, Trump's lawyer Todd Blanche tried to undermine

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Speaker 6: Michael Cohen's credibility painting. Cohen is a Trump obsessed loyalist

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Speaker 6: who was spurned by the former president and turned into

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Speaker 6: a vengeful publicity hound, making millions of dollars from books, podcasts,

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Speaker 6: and merchandise sales all devoted to condemning Trump. Cohen's cross

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Speaker 6: examination will continue on Thursday. He will be the final

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Speaker 6: witness in the prosecution's case in New York. June Grosso Bloomberg.

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Speaker 2: Radio, Okay, June, thank you now. To the latest developments

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Speaker 2: in the war in Ukraine, Bloomberg News has learned the

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Speaker 2: Biden administration is working to send an additional Patriot air

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Speaker 2: defense battery to Kiev. The US and its allies have

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Speaker 2: been scrambling to meet Ukraine's demands for more weapons against

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Speaker 2: an intensified Russian assault. Meanwhile, during his visit to Kiev,

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Speaker 2: Secretary of State Anthony Blinkin played along with a local

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Speaker 2: band on Neil Young's Rocking in the Free World. Secretary

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Speaker 2: Blincoln told the bar crowd he knows it is a

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Speaker 2: difficult time for Ukraine, but he said the United States

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Speaker 2: and so much of the world are with.

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Speaker 1: Them well, Nathan. Geopolitical tensions between the US and China

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Speaker 1: also remain front and center. A day after President Biden

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Speaker 1: announced increased tariffs on China, Senate majority leader Chuck Schumer

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Speaker 1: is indicating he wants to spend billions on technology to

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Speaker 1: challenge China and other rivals. We get the details from

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Speaker 1: Bloomberg Steve Potisk in Washington.

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Speaker 5: According to a thirty page policy blueprint from a bipartisan

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Speaker 5: group of senators, the US needs to shield Americans from

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Speaker 5: the risks posed by artificial intelligence. They advocate promoting the

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Speaker 5: emerging technology. With at least thirty two billion dollars in

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Speaker 5: annual government spending, US companies currently hold the global lead,

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Speaker 5: Yet China's race to develop highly advanced systems is putting

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Speaker 5: pressure on lawmakers to craft a more lasting approach. Challenging

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Speaker 5: China over economic and national security has been a rare

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Speaker 5: area of common ground for lawmakers. A new law that

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Speaker 5: passed with wide bipartisan support requires TikTok's Chinese owner byte

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Speaker 5: Dance to sell the popular video sharing app or face

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Speaker 5: a ban in the US. In Washington, Steve Potis Bloomberg Radio.

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Speaker 2: O case, Steve, thank you. Meanwhile, China is said to

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Speaker 2: be considering a proposal that would have local governments buy

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Speaker 2: millions of unsold homes. We get more from Bloomberg Daybreak

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Speaker 2: Asia anchor Brian Curtis.

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Speaker 7: In Hong Kong, the State Council is said to be

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Speaker 7: seeking feedback from the provinces on the plan. If this

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Speaker 7: course is taken, it would be one of the most

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Speaker 7: ambitious attempts yet to fix the property downturn. Sources say

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Speaker 7: local state owned enterprises would be asked to buy the

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Speaker 7: homes from distressed developers. This would be done at steep discounts,

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Speaker 7: and it would be aided by loans from state banks.

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Speaker 7: Many of the properties would then be converted into affordable housing.

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Speaker 7: Details still being debated in Hong Kong. Brian Curtis, Bloomberg Radio, All.

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Speaker 1: Right, Brian, thanks well. Turning to markets now, shares of

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Speaker 1: game Stop and AMC Entertainment Or among the most active

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Speaker 1: in the pre market as we enter another round of

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Speaker 1: the memestock craze and McGain moore from Bloomberg's John Tucker,

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Speaker 1: John and Karen.

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Speaker 8: GameStop has picked up more than eleven billion dollars in

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Speaker 8: market value this month, while AMC has gained some one

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Speaker 8: point two billion. The trading volume has soared this week

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Speaker 8: for both of the stocks, with hundreds of millions of

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Speaker 8: shares exchanging hands over the past couple of days. However,

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Speaker 8: the value of those shares traded for both stocks that

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Speaker 8: does remain far below the levels seen three years ago.

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Speaker 8: This latest rally erupted on Monday, following the return to

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Speaker 8: social media of Keith Gill, who drove the memestock Mania

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Speaker 8: twenty twenty one under the moniker Roaring Kitty. Even former

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Speaker 8: bond king Bill Gross has gotten in on of the action.

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Speaker 8: His strategy centers on selling what he describes as four

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Speaker 8: hundred percent annualized volatility AMC Entertainment shares in the pre

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Speaker 8: market up seven percent. Game Stop also up eight percent.

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Speaker 8: Right now, John Tucker, Bloomberg.

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Speaker 1: Radio, All right, John, thank you. It is time now

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Speaker 1: for a look at some of the o their stories

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Speaker 1: making news in New York and around the world. And

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Speaker 1: for that we're joined by Bloomberg's Michael Barr Michael, good Morning.

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Speaker 9: Good morning, Karen. House Speaker Among Johnson says the House

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Speaker 9: will be moving ahead with a vote on a measure

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Speaker 9: that would force the White House to resume the transfer

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Speaker 9: of certain weapons to Israel. This comes after President Biden

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Speaker 9: last week paused a shipment of two thousand pound bombs

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Speaker 9: over concerns they be used in Southern Ghazam. However, the

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Speaker 9: Biden administration don'tified Congress that it will be issuing more

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Speaker 9: than one billion dollars in new weapons deals to Israel.

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Speaker 9: Speaker Johnson says, though that the House will still vote

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Speaker 9: on the Israel security assistance.

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Speaker 8: We'll have to see what effect that has in a legislation,

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Speaker 8: but I think it's important for us to express again

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Speaker 8: the will of Congress on the matter, and so I

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Speaker 8: don't think we'll be changing what we do.

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Speaker 9: In the legislation. Opening statements as scheduled to begin today.

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Speaker 9: In Senator Robert Menendez's corruption trial in Manhattan, the New

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Speaker 9: Jersey Democrat is charged with taking bribes including gold bars, cash,

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Speaker 9: and a Mercedes to help send aid and weapons to

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Speaker 9: Egypt and cut it. Days after the release of a

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Speaker 9: scathing report detailing a toxic workplace culture, the head of

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Speaker 9: the FDIC has apologized again and is preparing to face

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Speaker 9: lawmakers on Capitol Hill. Bloomberg's Amy Morris reports from Washington.

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Speaker 10: The report details a culture of widespread sexual harassment and

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Speaker 10: discrimination at the FDIC. Chairman Martin Gruenberg is vowing to

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Speaker 10: overhaul the agency's culture and is resisting calls to step down.

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Speaker 10: He's scheduled to appear before the House Financial Services Committee today,

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Speaker 10: where he is expected to apologize again for the harassment

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Speaker 10: and abuse that employees endured, and explain the changes that

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Speaker 10: he says he in his office are already making. Republicans

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Speaker 10: are demanding his resignation in light of the Biden administration's

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Speaker 10: zero tolerance policy for workplace bullying in Washington. Amy Morris,

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Speaker 10: Bloomberg Radio.

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Speaker 9: Finally, the top prize at the Westminster Kennel Club Dogs

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Speaker 9: Shaw Show was awarded last night.

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Speaker 4: The Best in Show winner at the one hundred and

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Speaker 4: forty eighth annual Westminster Kettle Club Dog Show is the

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Speaker 4: miniature poodle.

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Speaker 9: Sage best at six other finalists. Global News twenty four

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Speaker 9: hours a day and whenever you want it with Bloomberg

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Speaker 9: News Now. I'm Michael Barr, and this is Bloomberg Karen.

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Speaker 1: All right, Michael Barr, thank you time now for the

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Speaker 1: Bloomberg Sports Update. But John stash Hour, John, good morning.

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Speaker 5: Good morning, Karen Nixon.

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Speaker 11: Pacers Game five, just two days after Indiana won Game

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Speaker 11: four by thirty four, same players, but a different arena

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Speaker 11: at the Garden this time the next one by thirty

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Speaker 11: one twenty one ninety one. And for Jalen Brunson, that's

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Speaker 11: more like it played very much like the guy who

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Speaker 11: previously had four straight forty point playoff games. Brunson went

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Speaker 11: for forty four twenty eight in the first half.

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Speaker 12: It was big time and they played really well back

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Speaker 12: in Indiana put us on our heels and this we

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Speaker 12: needed to respond. And so just doing what we do

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Speaker 12: and sick in to our values, our court principles, and

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Speaker 12: just doing the things that we do that help us

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Speaker 12: be successful.

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Speaker 11: Runs of that help is Josh Shard, TuS Bride, and

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Speaker 11: Alec Burks all scored seventeen or eighteen points. Knicks plus

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Speaker 11: twenty four rebounding, Isaiah Hartenstein twelve offensive boards. Nicks now

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Speaker 11: up three to two. Game six Friday at Indiana, Denver

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Speaker 11: was down to nothing, won their third straight from Minnesota,

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Speaker 11: won twelve ninety seven to Kolajoki scored forty. The Bruins

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Speaker 11: stay alive, They're going. Jeremy Swiman pulled the Mark Messi

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Speaker 11: a guaranteed victory in Game five, and he made a

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Speaker 11: game saving stop with eight seconds left in a two

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Speaker 11: to one win at Florida High Drama in Western Canada.

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Speaker 11: A minute after Vancouver tied the game, Edmondson scored with

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Speaker 11: thirty nine seconds left to win three to two. The

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Speaker 11: WNBA debut of Caitlyn Clark not great struggle to score early,

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Speaker 11: had ten turnovers. Indiana lost by twenty one. The Liberty

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Speaker 11: won the opener. In Washington, Yankees beat the Twins five

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Speaker 11: to one. Thirteen Yankee hits, including the giant Carlos, Stanton

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Speaker 11: Homer and Alex Verdugo two on double Mets had only

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Speaker 11: four hits off Aaron Nola lost to the Philliest four nothing.

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Speaker 11: John Station were Bloomberg Sports garn Nathan.

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Speaker 13: Coast to coast on Bloomberg Radio nationwide on SYRIASXM, and

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Speaker 13: around the world on Bloomberg dot Com and the Bloomberg

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Speaker 13: Business app. This is Bloomberg Daybreak.

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Speaker 2: Good morning, I'm Nathan Hager. We want to turn now

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Speaker 2: to a conversation with the founder and CEO of Citadel

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Speaker 2: Ken Griffin from the Katar Economic Forum powered by Bloomberg.

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Speaker 2: In a wide ranging interview with Bloomberg's Eric Shatzker, Griffin

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Speaker 2: weighed in on key economic and political issues, from geopolitical

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Speaker 2: tensions to America's place on the world stage, the twenty

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Speaker 2: twenty four presidential election, and both candidates economic policies. Let's

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Speaker 2: go to a part of that discussion.

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Speaker 4: It's sort of a continuation of the incoherent economic policies

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Speaker 4: of the Biden administration. We've seen this giant push towards

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Speaker 4: green energy over the course of the last several years,

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Speaker 4: and at the same time a set of policies that

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Speaker 4: run completely contrary to the state of goal. Trying to

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Speaker 4: head towards zero carbon world world and placing enormous tariffs

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Speaker 4: and Chinese evs which are low cost, high quality, of

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Speaker 4: great value to American consumers is yet another part of

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Speaker 4: the incoherent bi economic strategy. The other part of the

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Speaker 4: strategy I scratched my head about is the US refusing

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Speaker 4: to provide new LNG permits. Right, if you want the

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Speaker 4: world to head towards a lower carbon footprint and move

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Speaker 4: away from coal, access to LNG is a really important

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Speaker 4: part of the equation, and yet the United States is

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Speaker 4: refusing to permit new facilities in the foreseeable future.

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Speaker 14: Ken Katar is playing an instrumental role in the peace

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Speaker 14: talks or the effort to create piece as it were,

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Speaker 14: between the Israelis and the Palestinians and to resolve the

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Speaker 14: situation in Gaza, and with respect to hamas you've been

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Speaker 14: outspoken about the pro Palestinian protests back in the United States,

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Speaker 14: they've royal university campuses. You've been particularly critical of your

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Speaker 14: ala mater, Harvard. Here's my question to you. When people

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Speaker 14: here in the Gulf region and across the globe for

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Speaker 14: that matter, see the chaos at Harvard or Columbia or

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Speaker 14: USC or MIT and police and combat gear moving to

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Speaker 14: clear encountments.

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Speaker 4: How do you think that shapes their view of America?

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Speaker 7: Not well?

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Speaker 5: Not well?

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Speaker 4: And what is lost is that what's happening on campus

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Speaker 4: is not is not free speech.

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Speaker 5: It's anarchy.

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Speaker 4: You know, in Columbia, when they storm a building, they

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Speaker 4: vandalize a building, they're destroying property, and then they ask

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Speaker 4: for humanitarian aid, which is the greatest of all ironies.

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Speaker 4: It's just the wrong It is the wrong dynamic that

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Speaker 4: we're seeing take place in American campuses.

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Speaker 13: These are students.

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Speaker 4: Most of these students on campuses are trying to learn,

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Speaker 4: they're trying to have an education, and the university should

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Speaker 4: be really trying to encourage a constructive debate between the

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Speaker 4: students of different backgrounds, whether they're from the Middle East,

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Speaker 4: whether they're of Jewish origin. It's really important that the

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Speaker 4: generation that will be the generation that runs the world

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Speaker 4: in forty years tries to learn from this horrible moment

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Speaker 4: in history. And we're not fostering that environment on campuses today.

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Speaker 4: And it's really it's a huge, huge disappointment that so

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Speaker 4: much what we see on campus. You've seen the video

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Speaker 4: footage of the kids interviewed, why are you here? What

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Speaker 4: are you protesting about? Often they can't even answer basic

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Speaker 4: questions about what's happening in the region and why it's

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Speaker 4: taking place.

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Speaker 5: Can people here?

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Speaker 14: And I suspect those watching us around the world are

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Speaker 14: eager for your insights into what might happen during and

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Speaker 14: after the US election. How might US foreign policy and

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Speaker 14: defense policy change if Donald Trump were to return.

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Speaker 8: To the White House.

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Speaker 4: So, if President Trump returns to the White House, I

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Speaker 4: think you'll see a global perception of a stronger America.

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Speaker 11: Now.

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Speaker 4: The Biden administration's form policies, the actual policies are generally speaking, thoughtful,

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Speaker 4: but to be blunt, America does not exude credibility or

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Speaker 4: strength in its actions around the world today. Our positioning

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Speaker 4: does not match the thoughtfulness of our policies. That's a

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Speaker 4: very difficult place to be in a world which has

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Speaker 4: the geopolitical cross currents that we spoke about earlier, and

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Speaker 4: it means that those who are willing to push to

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Speaker 4: see how far you can push America are willing to

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Speaker 4: push harder than we want to see happening. And I

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Speaker 4: think that anybody who knows President Trump knows that is

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Speaker 4: not somebody you just pushed to see what's going to happen.

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Speaker 4: That's the wrong strategy with President Trump. And so I

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Speaker 4: believe that President Trump will have very good people in

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Speaker 4: form policy and in the Department of Defense, but I

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Speaker 4: think he will exude a level of strength that will

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Speaker 4: help to stabilize the world in this very, very trying times.

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