Speaker 1: From the Bloomberg Interacted Berger Studios. This is Bloomberg day
Speaker 1: Break for Thursday, April six Coming up today, the Speaker
Speaker 1: of the House issues of warning on the debt ceiling.
Speaker 1: Bank concerns continue after deposit shrink at another regional lender.
Speaker 1: The Swiss government calls for bonus cuts at Credit Suiss,
Speaker 1: and Wall Street awaits key labor reports too. In the week,
Speaker 1: New York City and the police union agree to pay
Speaker 1: officers more. Plus, former Vice President Pence will now testify
Speaker 1: to the Trump January sixth Grand Jury. I'm Michael barn
Speaker 1: More Ahead, I'm John Stash Aaron Sports win for the Knicks, Nets, Rangers,
Speaker 1: and Yankees, the Mets lost the Masters begins today. That's
Speaker 1: all straight ahead on Bloomberg day Break, the business news
Speaker 1: you need disturn your day in just one fifteen minute podcast,
Speaker 1: each pointing on Apples, Spotify, the Bloomberg Business Appen everywhere
Speaker 1: you get your podcasts. Good morning, I'm Nathan Hagar and
Speaker 1: I'm Karon Moscow. Here are the stories we're following today.
Speaker 1: We want to begin this morning with some notable comments
Speaker 1: from the Speaker of the House in an interview with Bloomberg,
Speaker 1: Kevin McCarthy offered warnings on China and the debt ceiling.
Speaker 1: Bloomberg's John Tucker joins US Live with the details. Good morning, John.
Speaker 1: Nathan McCarthy has a message for Wall Street. You should
Speaker 1: worry about the debt ceiling. He's focused on spending money
Speaker 1: we don't have. We're bringing in more revenue than at
Speaker 1: any time in the history of America, but we're spending
Speaker 1: more than any time, so we've got to curve the
Speaker 1: Speaking to Bloomberg, have the Ronald Reagan Library at Los Angeles,
Speaker 1: the speaker said he remains opposed to increasing the nation's
Speaker 1: debt limit without curving spending. A default would happen this
Speaker 1: summer if the two parties can't reach an agreement. Mccarthury
Speaker 1: also met with Taiwan's president yesterday and moved that upset China.
Speaker 1: McCarthy says, too bad. What China needs to understand is
Speaker 1: they can't dictate who a Speaker of the House can
Speaker 1: meet with, baby before or friend. China warned of counfeit
Speaker 1: measures and council quences the arrest of Donald Trump. McCarthy
Speaker 1: was dismissive, saying, quote, everybody knows this is not a
Speaker 1: Real Case, Live in the York. I'm John Tucker, Bloomberg Daybreak.
Speaker 1: All right, John, thanks for the House speakers meeting with
Speaker 1: Taiwan's president comes as Chinese leader Shijin Ping hosts French
Speaker 1: President Emmanuel Macron in Beijing. China's response to McCarthy's meeting
Speaker 1: has been mostly muted so far, and that contrasts with
Speaker 1: China's aggressive military response to former House Speaker Nancy Pelosi's
Speaker 1: visit to Taiwan last summer. Former US Defense Secretary Mark
Speaker 1: Esberg tells US Beijing's concern should not dictate the US
Speaker 1: policy on Taiwan. This is how China behaves, right, There's
Speaker 1: a lot of rhetoric, there's a lot of bluster, and
Speaker 1: they fly our planes and move ships and do those
Speaker 1: types of things. But well, they know better. We are
Speaker 1: not encouraging Taiwanese independence. But on the other hand, US
Speaker 1: selected leaders lawmakers have the right to meet whomever they want,
Speaker 1: wherever they want, wherever, whenever they want. And former US
Speaker 1: Defense Secretary Mark Asper spoke with Joe Matthew on Bloomberg's
Speaker 1: Bound on Catch the Show weekdays at one pm Eastern
Speaker 1: on Bloomberg Radio and Catch Joe's full discussion with Mark
Speaker 1: Esper on the Sound On podcast. Let's turn back to
Speaker 1: markets now, Karen and some highly anticipated economic data. This
Speaker 1: week's IM reading showed a slowdown in manufacturing. Now all
Speaker 1: eyes turned to tomorrow's monthly payrolls report. Bloomberg Economics correspondent
Speaker 1: Michael McKee has a preview. Other labor market data have
Speaker 1: been somewhat disappointing in recent days, but Wall Street is
Speaker 1: still leaning towards a stronger than forecast number. That's likely
Speaker 1: because for the last ten months, jobs have exceeded the
Speaker 1: economist forecast. We'll also see the layoff picture when we
Speaker 1: get jobless claims. Today, they've remained under two hundred thousand.
Speaker 1: Companies have announced a lot of layoffs in recent months,
Speaker 1: but they haven't shown up in the data yet, So
Speaker 1: look for the possibility of a lot of volatility over
Speaker 1: the next two days. Michael McKee, Bloomberg Daybreak, Orry Mike,
Speaker 1: thanks well. Tomorrow's data comes on the backdrop of turmoil
Speaker 1: in the banking industry, and now there's growing concern over
Speaker 1: another regional lender. Reports signaled in exodus of deposits at
Speaker 1: Phoenix based Western Alliance, but the lenders, assuring customers that
Speaker 1: those estimates were in so dire. Deposits were down eleven
Speaker 1: percent in the first quarter, but balances increase this month,
Speaker 1: cutting the decline to nine percent. Shares the bank felt
Speaker 1: twelve percent yesterday. A Meantimecaren, we have an update on
Speaker 1: some recently collapsed regional lenders. Blackrock is helping the government
Speaker 1: arrange the sale of one hundred fourteen billion dollars in
Speaker 1: securities held by Signature and Silicon Valley Banks. Bloomberg's Charlie
Speaker 1: Pellet has the story. The Federal Deposited Insurance Corps said
Speaker 1: the asset management giant will conduct the sales of twenty
Speaker 1: seven billion dollars in securities from Signature and eighty seven
Speaker 1: billion from Silicon Valley Bank. The holdings are mostly agency
Speaker 1: mortgage bank securities and collateralized mortgage obligations. The FDIC was
Speaker 1: appointed receiver for the bank's last month as they collapsed
Speaker 1: one by the weight of deposit withdrawals in New York.
Speaker 1: Charlie Pellet Bloomberg Daybreak Right, Charlie, thanks well. Overseas, in Switzerland,
Speaker 1: we're seeing cuts to bonuses for top bankers following the
Speaker 1: acquisition of credit suites. It comes at the demand of
Speaker 1: the Swiss government, which has ordered bonuses to be cut
Speaker 1: in half or canceled altogether for top credit suie executives.
Speaker 1: The steps will affect around a thousand employees and bonuses
Speaker 1: worth between fifty million and sixty million Swiss francs. And
Speaker 1: back here in the US, Karen Tiger Global Management is
Speaker 1: bouncing back from two years of losses. Tiger globals Hedge
Speaker 1: Fund posted a seven point three percent gain in the
Speaker 1: first quarter thanks to a rally in tech shares. That
Speaker 1: advance comes after Tiger tumbled fifty six percent over the
Speaker 1: past two years. It's only long only fund I should say,
Speaker 1: plunged sixty seven percent. To recoup client money lost over
Speaker 1: that span, the funds would need to gain one hundred
Speaker 1: forty four percent and two hundred and sixteen percent, respectively.
Speaker 1: It's fifty six degrees in New York. It's going to
Speaker 1: be partly sunny today. We'll see some showers in storm
Speaker 1: this afternoon on our way near eighty laws near fifty tonight.
Speaker 1: With showers, now, let's look at some of the other
Speaker 1: stories making news in New York and around the world.
Speaker 1: With Bloomberg's Michael bar Good morning, Michael, Good morning, Nathan.
Speaker 1: Former Vice President Mike Penn says he will now cooperate
Speaker 1: and testify in the Justice Department's investigation into efforts by
Speaker 1: Donald Trump and his allies to overturn the results of
Speaker 1: the twenty twenty election, Layola law professor and former federal
Speaker 1: prosecutor Lourie Levenson. So we don't know exactly what Pence
Speaker 1: will say in the grand jury, but what we do
Speaker 1: know is that the special prosecutor is getting closer and
Speaker 1: closer to those who are in former President Trump's inner
Speaker 1: circle and examining what he anticipated in what he intended
Speaker 1: to occur. On January sixth, law professor Lourie Levenson, New
Speaker 1: York City and the Police Benevolent Association have come to
Speaker 1: an agreement to pay officers more. Mayor Eric Adams says
Speaker 1: he and the police union agreed on an eight year deal.
Speaker 1: When you reflect on it, we all talk about how
Speaker 1: important public safety is, and year after year, the men
Speaker 1: and women who place themselves on a front line, can
Speaker 1: that come to the table and just get the adequate
Speaker 1: financial support they deserve so they can provide for their families.
Speaker 1: The agreement with the PBA and the city will cost
Speaker 1: roughly five point five billion dollars. The news of the
Speaker 1: agreement comes as an NYPD officer was shot in Queens yesterday.
Speaker 1: The twenty two year old officer, who had only been
Speaker 1: on the job for three months, was shot in the
Speaker 1: hip after responding to an argument on a bus over
Speaker 1: a seat. The suspect remains at large. Today, Tennessee House
Speaker 1: Republicans are set to vote to expel three Democratic colleagues.
Speaker 1: The Democratic lawmakers demanded action on school shootings as gun
Speaker 1: control demonstrators packed the hallways of the state House. Democrat
Speaker 1: Justin Pearson commandeered the well of the House chambers during
Speaker 1: a recess to demand action. Republicans say the act of
Speaker 1: defiance as late at security concerns. Pearson called the vote
Speaker 1: an unprecedented act of retribution. This becomes a part of
Speaker 1: a terrible playbook to silence people and to keep things
Speaker 1: the same. Yesterday's students across the nation walked out of
Speaker 1: classrooms demanding gun safety legislation. French President Emanuel mcrosse says
Speaker 1: Beijing could play a major role in bringing peace to
Speaker 1: Ukraine across speaking at the start of a three day
Speaker 1: visit to China, says he would urge President chi Jingping
Speaker 1: to get deeply involved in this effort. Global news twenty
Speaker 1: four hours a day, powered by more than twenty seven
Speaker 1: hundred journalists, analysts and over one hundred and twenty countries.
Speaker 1: I'm Michael barn This is Bloomberg, Nathan. Thank you, Michael.
Speaker 1: Time now for the Bloomberg Sports Update. Good morning, John
Speaker 1: stahowyad morning. Night of the Nixon. The twenty twenty draft
Speaker 1: had two first rounders. They took Obi Toppin later on
Speaker 1: Manuel Quickly In. A year later, they drafted Quinton Grimes.
Speaker 1: Last night at Indiana, those three guys combined to score
Speaker 1: one hundred and seven points thirty nine for Quickly, thirty
Speaker 1: kicks for Grimes, topping at a thirty two. The Knicks
Speaker 1: outscored the Pacers one thirty eight to one twenty nine.
Speaker 1: They played without their top three scorers, Julius Randall, Jalen
Speaker 1: Brunson and RJ. Barrett. The youngsters took over in place
Speaker 1: of them. Two games left for the next they are
Speaker 1: locked in as the fifth scene in the East. The
Speaker 1: playoffs for them will begin in Cleveland. The Nets need
Speaker 1: one more victory to secure the sixth scene, which means
Speaker 1: avoiding the play in a road win for Brooklyn at
Speaker 1: Lowley Detroit one twenty three to one, O eight, six
Speaker 1: nets and double figures, led once again by mcel bridges.
Speaker 1: With twenty six Rangers also getting ready for the playoffs,
Speaker 1: they stay hot with the six three win over Tampa
Speaker 1: Bay at the Garden. Two goals for Chris Stryder He's
Speaker 1: got thirty five on the season, two for Tyler and Mott.
Speaker 1: The Blue Shirts bore up three, not being midway through
Speaker 1: the first period the Yankee opening homestand saw them go
Speaker 1: four and two. They beat the Phillies four to two.
Speaker 1: Garrett Coles already two and oh Jose Trevino backed him
Speaker 1: with a two run homer a pair of run scoring
Speaker 1: hits for Glaver. Torres was off to a hot start
Speaker 1: Mets with a nightmare series at Milwaukee, two losses by
Speaker 1: a combined nineteen to enough and then the Brew with
Speaker 1: the sweep, winning seven to six on a walk off
Speaker 1: home run bottom to night by Garrett Mitchell off Adam
Speaker 1: Attavino in defeat. Peter Alonzo hit two two run homers.
Speaker 1: The Mets home opener today postponed until tomorrow and reigns
Speaker 1: on the forecast for Augusta, Georgia. We'll see if the Masters,
Speaker 1: which teas off today can finish by Sunday. Hasn't had
Speaker 1: a Monday finish since nineteen eighty three. John Stashaward Bloomberg
Speaker 1: Sports Live from coast to coast, from New York to
Speaker 1: San Francisco, Boston to Washington, d C. Nationwide on Sirius XM,
Speaker 1: the Bloomberg Business app, and Bloomberg dot Com. This is
Speaker 1: Bloomberg Daybreak. Good morning, I'm Nathan Hagar. We turned now
Speaker 1: to our interview with the Speaker of the US House
Speaker 1: of Representatives. Republican Kevin McCarthy of California, joined Bloomberg's and
Speaker 1: Marie Hordern for a conversation last night on geopolitics, the
Speaker 1: debt ceiling battle, and the indictment of former President Donald Trump.
Speaker 1: They spoke as the Speaker met with the President of Taiwan,
Speaker 1: sighing when a meeting that has been criticized by China
Speaker 1: as Beijing remains sensitive to the issue of Taiwan's independence.
Speaker 1: Let's listen into that interview now with how Speaker Kevin McCarthy,
Speaker 1: who begins by discussing US China relations. If we want
Speaker 1: to make sure that we foster democracy and peace and
Speaker 1: make sure we don't get into any type of conflict,
Speaker 1: people need to sit down. And what China needs to
Speaker 1: understand is they can't dictate who a Speaker of the
Speaker 1: House can meet with, baby before or friend for the
Speaker 1: same moment that McCrone sitting down with President She, I
Speaker 1: think that's great. I would sit down with President she
Speaker 1: think spear thinking Beijing, I would gladly. I've I've been
Speaker 1: there three times. I think it's important that we meet together.
Speaker 1: And one of the things I think that America has
Speaker 1: failed upon is that we've never spoken with one voice
Speaker 1: when it comes to China. We've gone from administration administration.
Speaker 1: So when I became Speaker, we created this Select Committee
Speaker 1: and at one hundred forty six Democrats vote for You've
Speaker 1: watched Democrats and Republicans here together. I think that would
Speaker 1: even foster a stronger relationship with China, because China would
Speaker 1: understand where our boundaries are. They won't worry about well
Speaker 1: one party saying something you've watched in Congress this year,
Speaker 1: our only movement when we spoke about China, we spoke
Speaker 1: one hundred percent of members of Congress voted for that
Speaker 1: resolution against Bloom. It's the one area really of bipartisanship.
Speaker 1: I'd say, well, I think we're getting more of it. Okay, Well,
Speaker 1: that's I guess of every bill we pass have been bipartisan.
Speaker 1: I want to ask you about what type of support
Speaker 1: there would be though, if there was to be an invasion,
Speaker 1: if Beijing were to invade. You talked about arms sales
Speaker 1: here that need to get there quicker. But what would
Speaker 1: that look like just militarily or would you send American lives? See,
Speaker 1: this is a hypothetical question we would never want to
Speaker 1: get to. So what you're looking at what we're doing today,
Speaker 1: is how do we make sure that question never comes
Speaker 1: to fruality. So what you would learn from Ukraine itself,
Speaker 1: because if we're looking back on Ukraine in twenty fifteen,
Speaker 1: when I went to the White House to advocate with
Speaker 1: President Biden to sell javelins, you want determined, you want
Speaker 1: them not to be able to come in. And that's
Speaker 1: the same thing we're talking now. In those six assurances,
Speaker 1: we provided that we would continue to fund weapons to Taiwan.
Speaker 1: But what we should do is speed up that process
Speaker 1: that they can defend themselves, so you don't have conflict,
Speaker 1: you don't have war, You communicate with one another. We
Speaker 1: build greater technology from sciences to health with them. I
Speaker 1: think that fosters a safer world. We continue to advocate
Speaker 1: here of Reagan Library, democracy, freedom, peace, and that's what
Speaker 1: Taiwan has. When it comes to Ukraine, though, there are
Speaker 1: some in your caucus in the Republican Party who are wavering,
Speaker 1: they don't want to send all this support. Where do
Speaker 1: you think those votes would be if it came to
Speaker 1: sending that type of support to Taipei. Well, let would
Speaker 1: be really clear here. What we're founding in Ukraine is
Speaker 1: we want to see a path that we can win.
Speaker 1: Not that you just said a check, but what we're
Speaker 1: watching what's happening in America today, it looks a lot
Speaker 1: like nineteen thirty six. You're having from China to Russia,
Speaker 1: to North Korea to Iran coming together like an access
Speaker 1: of power. So as Americans, you want to be able
Speaker 1: to foster that nothing comes to an element of what
Speaker 1: we watched in the past that history has taught us.
Speaker 1: So no, I think in our party you would find
Speaker 1: that we would fund so Ukraine would win because the
Speaker 1: same aspect would be that would probably deter any action
Speaker 1: in Taiwan. But what we can learn from the actions
Speaker 1: of Ukraine, don't wait till conflict happens, be able to
Speaker 1: sell the weapons now so there is never conflict. There's
Speaker 1: even a bill potentially of outlining what the sanctions would
Speaker 1: look like. Did sign when invite you to Taiwan? No,
Speaker 1: we didn't talk anything about that money you planning to go.
Speaker 1: That's what everyone wants to have. You know what, I
Speaker 1: just got in the job. I'm not in one hundred days,
Speaker 1: so I don't have plans to go someplace else you'd
Speaker 1: like to look. I love the ability of one day
Speaker 1: maybe I could go. But what I'm looking at right
Speaker 1: now is the idea of building America's economy. How do
Speaker 1: I bring down the energy costs for Americans? How do
Speaker 1: I make our streets safer? How do we secure the
Speaker 1: border to stop Fenton Off from coming across? Now, those
Speaker 1: are places we're going to differ with Democrats, but we
Speaker 1: are united here, and we had Republicans and Democrats together
Speaker 1: speaking with one voice, which I think will make the
Speaker 1: world safer and make sure we don't have confidence another
Speaker 1: item on that to do unless you have is the
Speaker 1: debt ceiling. Yes, right now, you and the White House
Speaker 1: for having this standoff. If President Joe Bien does not
Speaker 1: come to the table with these negotiations, will you put
Speaker 1: that bill on the floor. Will you pass a bill
Speaker 1: regarding the debt ceiling? What type of ability want? We're
Speaker 1: never going to move a bill that just raises the debt.
Speaker 1: I've been very clear with the President. I mean, think
Speaker 1: about what the Congressional Budget Office has said, right, we're
Speaker 1: going to pay in the next ten years, ten point
Speaker 1: five trillion just an interest since more than our defense budget,
Speaker 1: well since nineteen forty child today, in eighty three years,
Speaker 1: we've only spent nine trillion on terriest. We're about to
Speaker 1: be at the tipping point one twenty percent of GDP.
Speaker 1: We've never been here with the amount of debt that
Speaker 1: we had since World War Two. So what I've told
Speaker 1: the President is listen, we're bringing in more revenue than
Speaker 1: at any time in the history of America, but we're
Speaker 1: spending more than any time. So we've got to curve that.
Speaker 1: What we can do is we can build our economy,
Speaker 1: make it stronger. We could put in work requirements, we
Speaker 1: can cap how fast government? Are you going to put
Speaker 1: this all in a billy? And unfortunately I try to
Speaker 1: sit down with the president and the president doesn't want
Speaker 1: to communicate. We're out of session right now. When we
Speaker 1: come back, you might make some news. Okay, So okay,
Speaker 1: we get back to session. Maybe a timeline. Do you
Speaker 1: have any plans to talk to Wall Street because there
Speaker 1: are starting to grow some concerns. Yeah, they should. They
Speaker 1: should be concerned because I sat down with the president
Speaker 1: of February first, and the president never wants to meet.
Speaker 1: And what's interesting, So as long as your communications are
Speaker 1: just these letters, Yeah, I'm very concerned about the death
Speaker 1: set up. I want to make sure that we don't
Speaker 1: have conflict. And you've watched with the Democrats spending so
Speaker 1: much that brought us inflation, and now we have the issue.
Speaker 1: Now we have issues in the Trump administration. It was
Speaker 1: a clean raise three times. Well, let's be very clear
Speaker 1: about this. They added five point nine trillion since they
Speaker 1: came in. Remember what Milton Freeman said, I'm sure he's
Speaker 1: your favorite economists. Only one place can have a favorite economist.
Speaker 1: But you know what, there's only one place that can
Speaker 1: create inflation. Government, they spent too much. You watch it
Speaker 1: their inflation reduction. Now you're finding it costs three times
Speaker 1: as much as they said. And they increased discretionary spending
Speaker 1: by thirty percent. When we were in power eight years,
Speaker 1: we didn't increase it one dollar. We decreased it ten millions.
Speaker 1: And now they've got a banking issue because they raised
Speaker 1: interest rates. So we want to make the economy our
Speaker 1: fed raised interest rates. I'm just well, you have to
Speaker 1: because you know what Milton Freeman on bolcase, Inflation is
Speaker 1: very high and has to be stop and starting the economy.
Speaker 1: Remember what Milton Freeman said, you could only cure inflation
Speaker 1: if the interest rate is higher than inflation. But remember
Speaker 1: what this administration said that inflation was transitory. Yellen actually
Speaker 1: had to apologize. And then what we watched he attacked
Speaker 1: on the energy policy of America, so the cost went up,
Speaker 1: which added greater inflation. Then watch what they had done
Speaker 1: on foreign policy, the missteps in f Ahanistan that now
Speaker 1: made the world less safe. That are our friends are
Speaker 1: now going to China. Now what also happened too in
Speaker 1: this aspect of what he's happening. We're watching that OPEC
Speaker 1: is now raising the price of oil because they're cutting
Speaker 1: production because America has cut productions, and we would make
Speaker 1: global emissions lower if we gave more of America production
Speaker 1: because our natural gas is cleaner. If we took away
Speaker 1: Russian natural gas for one year, you would cut two
Speaker 1: hundred and eighteen million tons of CO two emission in
Speaker 1: one year. So if you want to lower gloss Russian no, no, no, no.
Speaker 1: I want to do is let America unshackle. What's holding
Speaker 1: us back? We produced a natural gas which is forty
Speaker 1: one percent cleaner in Russia and sell it around. Yeah,
Speaker 1: what does that look like? Well with the Wall Street
Speaker 1: I want to be very straight and forward with them.
Speaker 1: We can't continue down the path that we are right now.
Speaker 1: The CBO says, if nothing happens, the trust funds of
Speaker 1: the Highway, Medicare, and Social Security, they're going to get
Speaker 1: cut based upon the President. He's cutting those programs and
Speaker 1: what doesn't want to cut him in his budget bill?
Speaker 1: What the President is cutting him because what happens is
Speaker 1: they go broke in the next two years because the
Speaker 1: increased spending by five point nine trillion. You can't afford it.
Speaker 1: And I don't want to do that I want to
Speaker 1: save them. So we have to spend less money than
Speaker 1: we spend before. Let's put in work requirements, less cap
Speaker 1: of the future of what a potentially is getting part
Speaker 1: of the bill. I also need to ask you about
Speaker 1: the former president Donald Trump thirty four felony charges. Republicans say,
Speaker 1: this is a weak case that Alvin Brand, the Manhattan
Speaker 1: District Attorney, brought forward, and I was there at the court.
Speaker 1: If it's I do, If it's a weak case, then
Speaker 1: why not just that the legal system work as it
Speaker 1: does for Americans every single day. You know what's so interesting?
Speaker 1: You say, Republicans say that, you know, some Democrats not
Speaker 1: just some A lot. Cuomo said that the New York Times.
Speaker 1: Everybody knows this is a weak case. Everybody knows this
Speaker 1: is political. But what's really happening here If we sit back,
Speaker 1: remember this is not an Attorney general of the state.
Speaker 1: This is not even the DA of New York City.
Speaker 1: He's a borough DA who ran on a campaign that
Speaker 1: he was going to indict the president. He ran on
Speaker 1: a campaign getting money from sorrows. This is what's going
Speaker 1: to cause damage. You just watch today Republicans and Democrats
Speaker 1: sitting together talking about a serious issue. Then you watched
Speaker 1: a political person go out and try to sue a
Speaker 1: former president who's running again and bring politics into it.
Speaker 1: So what's going to happen. Are we going to find
Speaker 1: a small da from a small county in a red
Speaker 1: state start to sue Biden when he leaves office. That's
Speaker 1: not America. America bleeds in the rule of law, and
Speaker 1: the way he's stretching this, everybody knows this is not
Speaker 1: a real case. So I think for the health of America,
Speaker 1: listen to the Republicans and Democrats alife and stop playing
Speaker 1: politics with our law. Just one final question you mentioned
Speaker 1: obviously it's not as a former president he is the
Speaker 1: front runner for twenty twenty four. Would you welcome more
Speaker 1: individuals getting involved in this race for twenty twenty four? Look,
Speaker 1: everybody could make their own decision. There. Think there's gonna
Speaker 1: be a lot of people running on both sides of
Speaker 1: the aisle. I don't know that President Biden has President
Speaker 1: Biden hasn't even announced yet. There's a lot You got
Speaker 1: the governor of California traveling to other states. He runs
Speaker 1: to the White House when the president's out of town.
Speaker 1: So there's a lot of people questioning whether Biden even runs.
Speaker 1: I think a lot of people are going to camp
Speaker 1: put you here apart, and I think I think democracy
Speaker 1: is good. I think ideas are good and people can
Speaker 1: get out and talk about it. This is Bloomberg day
Speaker 1: Break Today, your morning brief on the stories making news
Speaker 1: from Wall Street to Washington and beyond. Look for us
Speaker 1: on your podcast feed at six am Eastern each morning,
Speaker 1: on Apple, Spotify, and anywhere else you get your podcasts.
Speaker 1: You can also listen live each morning starting at five
Speaker 1: am Wall Street time on Bloomberg eleven three zero in
Speaker 1: New York, Bloomberg ninety nine one in Washington, Bloomberg one
Speaker 1: oh six one in Boston, and Bloomberg nine to sixty
Speaker 1: in San Francisco. Our flagship New York station is also
Speaker 1: available on your Amazon Election devices. Just say Alexa play
Speaker 1: Bloomberg eleven thirty plus listen coast to coast on the
Speaker 1: Bloomberg Business app, Serius XM Channel one nineteen, the iHeartRadio app,
Speaker 1: and on Bloomberg dot Com. I'm Nathan Hager and I'm
Speaker 1: Karen Moscow. Join us again tomorrow morning for all the
Speaker 1: news you need to start your day right here on
Speaker 1: Bloomberg Daybreak