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Speaker 1: Good morning.

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Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 2: stories we're following today.

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Speaker 3: We begin in our nation's capital. The Senate border deal

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Speaker 3: that includes funding for Ukraine and Israel appears dead ahead

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Speaker 3: of a key vote. Bloomberg's Amy Morris has the latest

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Speaker 3: from Washington.

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Speaker 4: Senate Minority Leader Mitch McConnell says it's clear the deal

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Speaker 4: won't become law.

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Speaker 5: It looks to me.

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Speaker 6: And to most of our members as if we had

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Speaker 6: no real chance here to make a law.

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Speaker 4: That's because Speaker Mike Johnson says the bill would be

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Speaker 4: dead on arrival in the House, claiming it doesn't go

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Speaker 4: far enough to stop the flow of illegal immigration. Senate

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Speaker 4: Majority Leader Chuck Schumer slammed the gops about face, accusing

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Speaker 4: Republicans of cowering to Donald Trump.

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Speaker 7: Lead McConnell and the Republican conference did one hundred and

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Speaker 7: eighty degree reversal. They were quaking at the knees at

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Speaker 7: the fear of Donald Trump.

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Speaker 4: The first procedural vote is scheduled for later today in Washington.

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Speaker 4: Amy Morris, Bloomberg Radio, All right, Amy, thanks.

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Speaker 2: Meanwhile, House Republicans have failed to impeach Homeland Security Secretary

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Speaker 2: Alejandro Majorkiss, and Bloomberg's Ed Baxter reports.

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Speaker 8: The vote is certainly an embarrassment for the GOP, which

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Speaker 8: thought it had this wrapped up going in. The final

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Speaker 8: vote was two fourteen in favor and two sixteen against.

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Speaker 8: It was tied until one of the votes got changed

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Speaker 8: in a procedural move so that the issue could be

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Speaker 8: brought back for reconsideration.

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Speaker 5: Now.

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Speaker 8: Some GOP members were not happy at all. Representative Ralph

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Speaker 8: Norman said the leaders should have had the vote count

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Speaker 8: going in, saying you don't put it on the floor

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Speaker 8: without knowing. Representative Marjorie Taylor Green saying those who voted

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Speaker 8: against it will hear from voters. Ed Baxter Bloomberg.

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Speaker 1: Radio, Okay and thank you.

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Speaker 3: In another setback for Speaker Mike Johnson, the House also

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Speaker 3: failed to pass a standalone aid package for Israel. That

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Speaker 3: seventeen point six billion dollar legislation required a two thirds

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Speaker 3: majority to pass. The vote there was two fifty to

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Speaker 3: one eighty. Today, Secretary of State Anthony Blincoln meets with

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Speaker 3: israel lely leaders as Hamas signals it is open to

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Speaker 3: a new ceasefire and hostage release deal In Gaza. B

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Speaker 3: Lincoln expressed some optimism after meeting yesterday with the leaders

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Speaker 3: of Katar and Egypt.

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Speaker 9: We continue to believe that an agreement is possible and

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Speaker 9: indeed essential.

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Speaker 3: Secretary of State Lincoln's on his fifth trip to the

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Speaker 3: Middle East since the Gaza War began. According to Allarabia Television,

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Speaker 3: Hamas wants a one hundred and thirty five day truce

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Speaker 3: that could be rolled out in three stages. The second

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Speaker 3: stage calls for Israel to pull all its forces from Gaza.

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Speaker 3: Israeli Prime Minister Benjamin Netanyahu has insisted the war won't

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Speaker 3: end until Hamas is destroyed.

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Speaker 2: Meywhile Nathan and the race for presidency and Nikki Hailey

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Speaker 2: has suffered a loss in the largely symbolic Republican Nevada

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Speaker 2: President Joe primary, while President Joe Biden secured an easy

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Speaker 2: victory in the state's Democratic vote with more than half

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Speaker 2: the vote counted. None of these candidates had more than

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Speaker 2: sixty one percent of the vote to Hailey's thirty two

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Speaker 2: point four percent.

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Speaker 3: And Karen changes could be coming at the Republican National Committee,

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Speaker 3: Bloomberg News has learned Chairwoman Ron McDaniel's in discussions with

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Speaker 3: party leadership to step down by the end of this month.

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Speaker 3: Sources Saint McDaniel's been facing pressure from Donald Trump well Nathan.

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Speaker 2: Turning to the markets and the economy, more FED officials

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Speaker 2: are dousing any hopes of a March rate cut, And

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Speaker 2: here's Cleveland FED President Loarrettamester.

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Speaker 10: It would be a mistake to move rates down too

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Speaker 10: soon or too quickly without sufficient evidence that inflation was

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Speaker 10: on a sustainable timely path back to two percent. If

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Speaker 10: the economy evolves as I expect I think it will,

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Speaker 10: I think we will gain that confidence later this year,

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Speaker 10: and then we can begin moving rates down.

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Speaker 2: Cleveland FED President Lorettamester remarks echo those from several policymakers,

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Speaker 2: including chair j Powell, who signaled that they're comfortable taking

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Speaker 2: their time cutting rates from a two decade high.

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Speaker 3: Started Company News Now, Karen, we're watching Community or a

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Speaker 3: New York Community Bank Corps. That's after its credit grade

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Speaker 3: was cut to junk at Moody's let's get the details

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Speaker 3: now from Bloomberg's John Tucker.

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Speaker 6: Johnny and Nathan Moody says the bank is facing multi

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Speaker 6: fed financial risks and governance challenges. They've lowered the company's

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Speaker 6: long term issue rating two notches below investment grade. Yeah,

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Speaker 6: that's junk. The trouble began after it acquired assets of

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Speaker 6: Signature Bank last year in the regional bank crisis that

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Speaker 6: pushed NYCB into a different regulatory category where it had

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Speaker 6: to beef up reserves. Now, just last week, NYCB announced

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Speaker 6: plans to slash the dividend and warned of troubled loans

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Speaker 6: time to commercial real estate. The socks down fifty nine

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Speaker 6: percent year to date. This morning in the pre market trading,

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Speaker 6: it's down another ten percent. John Tucker, Bloomberg.

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Speaker 2: Radio, All right, John, thank you New York community. Not

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Speaker 2: the only one taking it on the chin today. Snap

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Speaker 2: shares are down about thirty percent this morning, make it

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Speaker 2: thirty one percent. Even the owner of the Snapchat app

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Speaker 2: posted disappointing revenue in the holiday quarter. It's to sad

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Speaker 2: the company is still reeling from a slump in its

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Speaker 2: digital advertising business. On the flip side, shares of Ford

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Speaker 2: are up more than six percent. The automaker posted fourth

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Speaker 2: quarter results above estimates and forecast higher profits twenty four Karen.

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Speaker 3: We now turn to a transformative deal in the sports

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Speaker 3: broadcasting industry. Walt Disney's ESPN, Fox, and Warner Brothers Discovery

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Speaker 3: are joining forces to launch a sports focused streaming service

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Speaker 3: that will feature major college and pro games that are

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Speaker 3: usually seen only on traditional television. We get the details

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Speaker 3: now from Bloomberg's Charlie Pellett.

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Speaker 11: The service will be a third owned by each company.

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Speaker 11: Pricing and a name have yet to be determined. According

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Speaker 11: to a statement, they expect to launch the new service

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Speaker 11: by the fall of this year. The aim is to

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Speaker 11: draw in viewers who don't subscribe to a PayTV bundle

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Speaker 11: and offer them all of the sports that come with

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Speaker 11: such a package. It'll include Disney's ESPN and ABC Networks,

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Speaker 11: Fox and waterer channels including TNT and TBS in New York.

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Speaker 11: Charlie Pellett, Bloomberg Radio.

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Speaker 2: It's time now for look at some of the other

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Speaker 2: stories making news around the world, and for that we're

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Speaker 2: joined by Bloomberg Samy Morris, Sammy Goodmore.

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Speaker 4: Good Morning Karen. President Biden will attend three fundraisers hosted

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Speaker 4: by New York doctors and financiers as he looks to

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Speaker 4: extend his cash advantage over Republican rival Donald Trump. The fundraisers,

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Speaker 4: which will largely be held during the afternoon, but could

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Speaker 4: bleed into rush hour traffic. Come after. The President's re

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Speaker 4: election campaign raised ninety seven million dollars in the fourth

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Speaker 4: quarter of twenty twenty three and reported one hundred and

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Speaker 4: seventeen million dollars on hand. The president has attended a

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Speaker 4: series of high dollar fund raisers recently, including a trip

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Speaker 4: last week to Miami in Palm Beach. The Biden campaign

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Speaker 4: hopes a cash edge can help the president overcome poles

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Speaker 4: that show him consistently trailing Donald Trump, who is now

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Speaker 4: closing in on the Republican nomination. Areas of southern California

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Speaker 4: are trying to dry out after an extreme weather system

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Speaker 4: pummeled the region with heavy rain and strong winds. Los

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Speaker 4: Angeles Fire Chief at Kristin Crowley the road.

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Speaker 12: To recovery may be long and it requires an all

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Speaker 12: hands on deck approach. Damage assessments have started and all

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Speaker 12: city departments will continue to coordinate and support our recovery effort.

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Speaker 4: Chief Growley says there is still danger from falling trees

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Speaker 4: and mud slides, but the recovery has begun slowly as

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Speaker 4: power is being restored and there is more rain in

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Speaker 4: the forecast. For today. While it's not expected to be

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Speaker 4: heavy rain, it does increase the risk of more mud slides.

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Speaker 4: An alarming trend on the nation's highways, more roadside assistants

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Speaker 4: workers are being killed. A study by TRIPAA finds one

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Speaker 4: hundred and twenty three such workers were killed by passing

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Speaker 4: vehicles between twenty fifteen and twenty twenty one, study author

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Speaker 4: Brian Teft.

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Speaker 13: While they do what they do to make sure we

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Speaker 13: can all make it home to our family safely, sometimes

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Speaker 13: they don't make it home. So this research is all

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Speaker 13: about understanding the risks that they face and figuring out

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Speaker 13: what we can do to better protect them.

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Speaker 4: The study finds eighty four percent of the crashes involving

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Speaker 4: roadside assistance worker fatalities were in good weather conditions, no

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Speaker 4: wet or slippery roads. Switching up arms for multi dose

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Speaker 4: vaccines could improve immune response by up to four times.

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Speaker 4: That's according to new research out of Oregon Health and

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Speaker 4: Science University, which looked at how people received COVID nineteen

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Speaker 4: vaccine shots, where searchers say it could have implications for

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Speaker 4: other types of vaccines as well. Global News twenty four

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Speaker 4: hours a day and whenever you want it with Bloomberg

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Speaker 4: News Now. I'm Amy Morrison. This is Bloomberg Karen.

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Speaker 2: All right, Amy, thank you what We bring you news

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Speaker 2: throughout the day right here on Bloomberg Radio. But now

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Speaker 2: you can get the latest news on demand whenever you

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Speaker 2: want it. Just subscribe to Bloomberg News Now to get

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Speaker 2: the latest headlines at the click of a button. Get

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Speaker 2: informed on your schedule. You can listen and subscribe to

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Speaker 2: Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com,

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Speaker 2: plus apples, Spotify, and anywhere else you get your podcasts.

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Speaker 2: Time for the Bloomberg Sports Update with John stash Hour.

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Speaker 14: John darn The Edmonton Oilers have not lost the game

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Speaker 14: since December nineteenth. Their sixteen game winning stree came to

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Speaker 14: an end, losing three to one at Vegas.

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Speaker 11: They fall just short of time.

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Speaker 14: The NHL's all time record still belongs to the Pittsburgh Penguins,

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Speaker 14: who won seventeen in a row in nineteen ninety three.

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Speaker 14: Bruins lost at home to Calgary four to one, and

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Speaker 14: the Capitols lost at home to Montreal five to two.

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Speaker 14: Kyrie Irving, back in Brooklyn, spent three and a half

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Speaker 14: years with the Nets. A lot of controversies there, didn't

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Speaker 14: get vaccinated, tweeted a link to an antisemitic film. Forced

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Speaker 14: to trade to Dallas. He scored thirty six points for

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Speaker 14: the MAVs. They beat the Nets one nineteen to one

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Speaker 14: oh seven. Luka Domsic had thirty five points, eighteen rebounds

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Speaker 14: and nine as six.

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Speaker 11: Couple of changes for.

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Speaker 14: The All Star rosters as Joe l Embiid and Julius

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Speaker 14: Randall are both injured and can't wway, so they'll be

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Speaker 14: replaced by Trey Young and Scotty Barnes. Clayton Kershaw will

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Speaker 14: return to the Dodgers for a seventeen season at the

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Speaker 14: age of thirty five. He had a great twenty twenty

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Speaker 14: three in the regular season and then got lit up

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Speaker 14: in his one postseason start. Gave up six runs and

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Speaker 14: only got one out Kurshross. Coming off shoulder surgery, he

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Speaker 14: likely won't pitch until July. College oops Yukon's number one

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Speaker 14: and prove it to twenty one and two eleven and

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Speaker 14: one of the Big East. Husky's beat Butlers seventy one

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Speaker 14: to sixty two. The upset was in the ACC Clemson

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Speaker 14: was up by sixteen held on to beat North Carolina

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Speaker 14: eighty to seventy six. The Tigers are now two and

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Speaker 14: fifty one in their history. Playing at Chapel Hill. Johns

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Speaker 14: stash that were Bloomberg's.

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Speaker 9: Ft from coast to coast, from New York to San Francisco,

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Speaker 9: Boston to Washington, DC, nationwide on SYRIASXAM, the Bloomberg Business

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Speaker 9: app in Bloomberg dot Com. This is Bloomberg Daybreak.

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Speaker 3: Good morning, I'm Nathan Hager. Divided government is nothing new

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Speaker 3: in Washington, d C. But this morning there are even

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Speaker 3: more cracks on multiple fronts. A bipartisan deal on Ukraine,

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Speaker 3: ad and border security looks all but dead in the Senate.

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Speaker 3: A bid to impeach Homeland Security Secretary Alejandro Mayorcis has

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Speaker 3: gone down in a surprise defeat in the House. The

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Speaker 3: presidential race, Nikki Hayley has taken an embarrassing loss in

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Speaker 3: the largely symbolic Republican primary in Nevada. Lots to discuss

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Speaker 3: in politics. Let's do it now with Greg Valier, chief

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Speaker 3: US policy strategist at AGF Investments. Greg, good morning, saw

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Speaker 3: your note this week that Congress has hit rock bottom.

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Speaker 3: When the border security Ukraine deal looked on the brink

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Speaker 3: in the Senate. Do you have a new support level

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Speaker 3: for US politics this morning?

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Speaker 5: Good morning, Nathan. Now, it's pretty difficult to get much

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Speaker 5: lower than they are right now. It's an embarrassment. They're

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Speaker 5: dysfunctional and sadly, I don't see a lot of improvement

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Speaker 5: as we head to the next crisis, which is end

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Speaker 5: of February early March on getting a budget before.

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Speaker 3: We get to that point. I mean, we do get

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Speaker 3: closer to that government shut down deadline, but what is

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Speaker 3: going on when it comes to the paralysis we saw?

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Speaker 3: And this bypart is in deal. We heard President Biden

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Speaker 3: yesterday calling on Republicans to show some against former President Trump.

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Speaker 3: Is this all about his influence on the GOP?

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Speaker 5: I think two things, Nathan. First of all, the new

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Speaker 5: Speaker of the House, who's a rookie who's feeling his

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Speaker 5: way around Capitol Hill, Mike Johnson, is trying to assert

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Speaker 5: himself and it's not easy. The bigger story, in my opinion,

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Speaker 5: involves Donald Trump, who is calling the shots. Incredibly, eight

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Speaker 5: or nine months before the election, Trump is calling the shots.

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Speaker 5: You've got a weakened Senate majority leader in Mitch McConnell,

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Speaker 5: and you've got Mike Johnson, and neither of them are

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Speaker 5: capable of getting a deal. So Trump is in the picture.

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Speaker 3: With Trump in the picture, let's talk about this government

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Speaker 3: shut down deadline. Does that raise the risk that we

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Speaker 3: could see a shut down if the former president does

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Speaker 3: continue to assert his influence on Capitol Hill.

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Speaker 5: Yeah, there's a risk if he comes out out and

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Speaker 5: asserts that we must have a setdown, that would influence

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Speaker 5: a lot of people. I still think though the more

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Speaker 5: likely outcome THEES once again kick the can, kick the

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Speaker 5: can down the road and have another extension well into

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Speaker 5: the spring. There are many people in the House who

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Speaker 5: wouldn't mind having just one extension after another through the

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Speaker 5: fiscal year, which ends on September thirty.

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Speaker 3: What does this impass on border security and Ukraine aid

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Speaker 3: mean politically for President Biden. We've seen swing state polling

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Speaker 3: from Bloomberg News in Morning Consult that shows that the

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Speaker 3: imrogration issue is a vulnerability for the president. With this

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Speaker 3: deal not getting through, what does that mean for the

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Speaker 3: president politically?

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Speaker 5: Nothing good, and it certainly makes our allies around the

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Speaker 5: world nervous. Vladimir Putin has said for quite some time

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Speaker 5: that the US is not a dependable ally. Well, we're

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Speaker 5: seeing now that maybe we are not a dependable ally

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Speaker 5: and that doesn't help Joe Biden.

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Speaker 3: And when it comes to the assertion of House Speaker

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Speaker 3: Mike Johnson's influence, we saw more evidence of just how

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Speaker 3: difficult that's been with this surprise defeat for the impeachment

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Speaker 3: articles he's been pushing against Homeland Security Secretary Alejandro Mayorcis.

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Speaker 3: How surprised were you by that going down and defeat

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Speaker 3: last night?

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Speaker 5: Not terribly so. I thought a few Republicans would waiver

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Speaker 5: and vote against. But I tell you, Nathan, this new

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Speaker 5: Speaker Johnson is on thin ice if he can't get

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Speaker 5: a budget deal. If he decides he's got to go

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Speaker 5: with some Democrats to get a deal done, I think

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Speaker 5: the right wing in the House could give in the boot.

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Speaker 3: How likely do you think that is when we've seen

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Speaker 3: multiple speaker Well we had a former Speaker Kevin McCarthy

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Speaker 3: last not that long. But do the Republicans really want

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Speaker 3: to go through another speakership fight with so much difficulty

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Speaker 3: getting any policy done in Washington?

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Speaker 5: Yeah, it's mind boggling. It makes no logical sense. But

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Speaker 5: you know, since when did logical sense domine Washington. It's

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Speaker 5: been a very dysfunctional period, and sadly, I don't see

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Speaker 5: the dysfunction ending anytime soon.

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Speaker 3: In our last thirty seconds here, Greg, let's talk about

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Speaker 3: the presidential race as well. The symbolic defeat for Nikki

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Speaker 3: Haley in Nevada. Is it just symbolic or does it

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Speaker 3: have implications for her going into South Carolina later this month?

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Speaker 5: Pretty much symbolic, but it's not a good headline for

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Speaker 5: her today, and she's not going to win in South

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Speaker 5: Carolina in my opinion. She's got until Super Tuesday, March fifth.

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Speaker 5: She wins a primary or two or three on March fifth,

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Speaker 5: she's back in the picture, but I'm not sure she's

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Speaker 5: going to win any primaries then, and once those primaries

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Speaker 5: are over, I think Trump becomes the presumptive nominee by

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Speaker 5: mid March.

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