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Speaker 1: Good morning.

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Speaker 2: I'm Brian Curtis and I'm Doug Prisner. Here are the

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Speaker 2: stories we're following today, the.

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Speaker 1: Iowa caucuses, Hootie attacks, and cold cold weather. Let's get

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Speaker 1: to Dan Schwartzman in New York.

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Speaker 3: And absolutely Brian.

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Speaker 4: Despite historically frigid temperatures in snowy roads, Iowa, voters will

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Speaker 4: be casting their picks for the Republican presidential nomination, marking

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Speaker 4: the official start to the twenty twenty four election cycle

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Speaker 4: in the US. Now, both Nicki Haley and Ron De

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Speaker 4: Santis will need to show strong results to keep front

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Speaker 4: runner Donald Trump within reach as a all vy for

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Speaker 4: the nomination, The former president is hoping for a blowout

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Speaker 4: win that will allow him to quickly wrap up the race.

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Speaker 4: Bloomberg's Joe Matthew with details.

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Speaker 5: Voters will gather here at caucus sites beginning at seven

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Speaker 5: pm local time.

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Speaker 6: The latest poll.

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Speaker 5: From the Des Moines Register projects a big win for

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Speaker 5: Donald Trump with forty eight percent support, while Nikki Haley

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Speaker 5: and Ron De Santis fight for second and the needed

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Speaker 5: momentum to roll into New Hampshire. Remembering the delay in

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Speaker 5: tallying and reporting results at the caucus in twenty twenty

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Speaker 5: State GOP chair Jeff Kaufman tells Bloomberg he does not

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Speaker 5: see a scenario like that after learning some hard lessons

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Speaker 5: four years ago.

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Speaker 1: Joe Matthew Bloomberg Radio thanks Joe.

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Speaker 4: Trump goes into the evening up by twenty eight points

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Speaker 4: on Haley. In the latest NBC News Des Moines Register poll.

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Speaker 4: I was Senator Jony Ernstein Bloomberg TV talking about the

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Speaker 4: idea of a second Trump presidency.

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Speaker 7: As members of Congress, we should have great influence on

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Speaker 7: whoever that next president is and making sure they understand

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Speaker 7: how important it is that we maintain our friendships around

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Speaker 7: the world. And I believe in America first as well,

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Speaker 7: but never America alone.

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Speaker 4: That's I was Senator Joni Ernstein Bloomberg TV. The Red

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Speaker 4: Sea continues to be too dangerous to navigate. Ruthy militants

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Speaker 4: hitting a US owned commercial vessel with an anti ship missile.

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Speaker 4: According to US Central Command, the Gibraltar Eagle, flying under

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Speaker 4: the flag of the Marshall Islands, was hit around four

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Speaker 4: PM in the Gulf of Aden. Report say the ship

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Speaker 4: avoided any significant damage and suffered no injuries and was

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Speaker 4: able to continue its journey. US and the United Kingdom

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Speaker 4: forces struck Houthy targets in Yemen over the weekend in

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Speaker 4: retaliation for months of attacks on commercial vessels. The Huthis

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Speaker 4: say that attacks will continue until Israel stops its offensive

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Speaker 4: in Gaza. Speaking of Israel, they say that it's quote

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Speaker 4: intensive phase of its war in southern Gaza will be

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Speaker 4: ending soon. The Israel Defense Forces haven't bombarding the southern

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Speaker 4: portion of the Gaza Strip since they say they dismantled

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Speaker 4: tamasa's military capabilities in the north. Meanwhile, United Nations Chief

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Speaker 4: Antonio Guterrez has pleaded for a ceasefire to make sure

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Speaker 4: that AID can get to where it needs to go,

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Speaker 4: as well as calling for the release of the Israeli

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Speaker 4: hostages being held for now over one hundred days by Hamas.

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Speaker 4: The Federal Aviation Administration says that in all nip On Airwaves,

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Speaker 4: Boeing Triple seven clipped the wing of Adelta Airlines Boeing

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Speaker 4: seven to one seven at Chicago's Ohair Airport last night.

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Speaker 4: The A and A flight was taxing for departure to

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Speaker 4: Tokyo when the left wing tip struck the rear of

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Speaker 4: the Delta flight. No injuries were reported. All passengers safely

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Speaker 4: deplaned at the gate, and investigation is underway. Global news

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Speaker 4: twenty four hours a day and whenever you want it

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Speaker 4: with Bloomberg News. Now, I'm Dan Schwartzman, and this is Bloomberg.

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Speaker 1: This is Bloomberg Daybreak AGIA six minutes. Here past the hour,

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Speaker 1: Brian Curtis and Chrisner. Let's take a look at the

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Speaker 1: top business stories of the hour. European stocks and bonds fell. Earlier,

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Speaker 1: we heard central bank officials at the World Economic Forum

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Speaker 1: in Davos pouring cold water on expectations for rapid rate cuts.

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Speaker 1: We heard from ECB board member and Bundesbank president Walking Negel.

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Speaker 8: Inflation is too high, so for me, all the discussions

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Speaker 8: regarding inflation cuts, this comes too.

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Speaker 1: Early, Walking Negel. Traders are betting on six quarter point

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Speaker 1: cuts from the ECB starting in April. Economists are anticipating

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Speaker 1: a first of four moves in June. Now, we had

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Speaker 1: new data out of Germany showing a contraction in the

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Speaker 1: fourth quarter, and that supports the case. However, officials say

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Speaker 1: it is premature to discuss monetary easing. Well.

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Speaker 2: Huthy militants hit a US owned commercial vessel with an

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Speaker 2: anti shipallistic missile on Monday, and now the US is

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Speaker 2: again telling shippers to stay away from the Red Sea.

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Speaker 2: More from Bloomberg Scott.

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Speaker 9: Car citing advice from the US Naval Forces Central Command.

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Speaker 9: The world's International Shipping Association BIMCO posted the warning on

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Speaker 9: LinkedIn this after US and UK forces bomb targets in

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Speaker 9: Yemen over the past several days, and following months of

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Speaker 9: attacks on commercial ships by Huthy militants. The Houthis had

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Speaker 9: been targeting vessels with any kind of connection to Israel.

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Speaker 9: BIMCO says the current instability could last for some time.

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Speaker 9: They represent the owners of ships and other shipping firms,

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Speaker 9: counting two thousand members across one hundred and thirty countries.

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Speaker 9: I'm Scott Carr, Bloomberg Radio.

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Speaker 1: Well, it's a holiday shortened trading week, but a busy

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Speaker 1: week for earnings. We get a preview from Bloomberg's Charlie Pellett.

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Speaker 3: The focus will remain on financials, as we hear from

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Speaker 3: Goldman sa Ks and Morgan Stanley, high borrowing cost, geopolitical

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Speaker 3: tensions and recessionary risks are dappening deal making. As for

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Speaker 3: the broader earnings outlooks Sarah Hunt is chief market strategist

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Speaker 3: at Alpine Woods Capital Investors.

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Speaker 10: The earning season is always behind us. It's the expectations

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Speaker 10: going forward, and we've got some pretty juicy expectations built

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Speaker 10: in we collectively as consensus for earnings growth in twenty

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Speaker 10: twenty four. And I think that that's really going to

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Speaker 10: be the biggest question is whether or not that that

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Speaker 10: can come through, given the fact that we saw so

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Speaker 10: much multi expansion last year.

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Speaker 3: This week we hear from Charles Schwab Discover US Bank

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Speaker 3: or PNC and Trust Financial in New York, Charlie Pellock

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Speaker 3: Bloomberg Radio. We go to Apple next. The company is

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Speaker 3: planning to remove the blood oxygen feature from the latest

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Speaker 3: Apple watches in order to bypass a ban here in

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Speaker 3: the US. It was back in October the International Trade

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Speaker 3: Commission ruled Apple's device's violated patents belonging to the medical

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Speaker 3: tech startup Massimo. For now, the smart watches with blood

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Speaker 3: oxygen features are still on the shelves at Apple thanks

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Speaker 3: to a temporary stay. However, if the US Court of

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Speaker 3: Appeals for the Federal Circuit decides against a longer stay

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Speaker 3: for Apple, the company could be forced to remove this

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Speaker 3: highly touted feature. Apple is expecting the US Court of

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Speaker 3: Appeals to rule on its motion for a stay for

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Speaker 3: the entire appeal period as early as Tuesday.

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Speaker 1: Brian Well Boeing is now planning to step up inspections

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Speaker 1: of aircraft during production. That says it tries to deal

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Speaker 1: with fallout from a scary midair incident earlier this month.

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Speaker 1: We get more on this from Bloomberg's Denise Pelgrini.

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Speaker 6: Boeing has agreed to boost its checks and also open

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Speaker 6: its factories to airline customers as it tries to rebuild

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Speaker 6: confidence after that door plug fell out on an Alaska

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Speaker 6: Airline seven thirty seven Max nine. As part of this effort,

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Speaker 6: Boeing team being sent to its biggest supplier, Spirit Arrows

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Speaker 6: Systems Holdings, to inspect and approve mid exit door plugs

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Speaker 6: before fuselage sections can be shipped to the planemaker. Bowing's

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Speaker 6: commercial Aircraft chief stand Deal also promising employees the planemaker

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Speaker 6: will bring in outside experts to review quality controls and

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Speaker 6: suggest improvements. The Federal Aviation Administration is already grounded most

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Speaker 6: of the single aisle variant as it conducts a major investigation.

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Speaker 6: Denise Pellgrity Bloomberg Radio.

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Speaker 2: BMW's China partner is considering selling its steak in its

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Speaker 2: joint venture with the German manufacturer. We have more from

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Speaker 2: Bloomberg's Banaau in Hong Kong.

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Speaker 11: Brilliance China Automotive is considering options to raise funds. Sources

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Speaker 11: say preliminary talks have started regarding its twenty five percent stake.

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Speaker 11: Other comkers involved in the deliberations include China Avaw Group.

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Speaker 11: The joint venture with BMW is Brilliance, China's most valuable asset.

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Speaker 11: It accounts for almost all of its net income. Separately,

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Speaker 11: BMW Brilliants plants to invest ten billion yuan in a

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Speaker 11: battery assembly plant. We reported last May. It would also

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Speaker 11: begin producing next generation EV's in Shenyang from twenty In

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Speaker 11: Hong Kong. I'm Bonnie Al Bloomberg Radio.

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Speaker 1: Hi, everybody, eleven minutes past the hour. This is Bloomberg

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Speaker 1: Daybreak Gasia. I'm Brian Curtis here in Hong Kong along

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Speaker 1: with Yvonne Mann in our studios, and we say good

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Speaker 1: morning to Jody Schneider, political news director for Bloomberg Television

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Speaker 1: and Radio. For a closer look at the Iowa caucuses. Jody,

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Speaker 1: thanks so much for joining us. Iowa always seems to

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Speaker 1: set the tone, obviously quite early. I wonder if it'll

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Speaker 1: be the same this year given the cold. How much

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Speaker 1: is the cold weather likely to hurt the turnout.

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Speaker 12: Yeah, that's a really big question, Brian. We've heard from

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Speaker 12: many candidates that are several of the candidates and their

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Speaker 12: surrogates that they don't expect that it will, that Iowans

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Speaker 12: are hardy and that they will come out to the polls,

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Speaker 12: that the campaigns will get them to the polls. But

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Speaker 12: we're here in Iowa. I'll tell you it's it's frigid weather.

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Speaker 8: It's just really cold.

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Speaker 12: So it's it's record cold. They haven't had this called

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Speaker 12: to caucus in a long time, and so that's one

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Speaker 12: of the questions. The other question is the enthusiasm of voters.

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Speaker 12: Are they because Donald Trump, according to the polls for

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Speaker 12: so long, has been so far ahead, will that get

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Speaker 12: people to come out as well, or are they going

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Speaker 12: to figure out, well, he's going to win anyways, it's

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Speaker 12: called I'll stay home.

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Speaker 8: Yeah, thirteen below fahrenheit, that certainly is frigid, Jody. For

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Speaker 8: the international viewers, that may not be too familiar with

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Speaker 8: these Iowa caucuses. I mean, what's really at stake here?

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Speaker 8: Is this a three person race right now? Is this

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Speaker 8: Trump's caucus to lose?

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Speaker 12: Yeah, It's Trump's caucus to lose, and no one really

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Speaker 12: expects that he's going to lose. The question is really

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Speaker 12: who comes in second? And is that Nikki Hayley who

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Speaker 12: has been really gaining a lot of support and a

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Speaker 12: lot of what we like to call momentum, big momentum

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Speaker 12: in recent weeks, as she had as we had into

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Speaker 12: New Hampshire next week where she's expected to do quite well.

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Speaker 12: So I can she can be a second to Donald

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Speaker 12: Trump's first that really will propel her, you know, into

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Speaker 12: New Hampshire where she again has expected to do very well.

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Speaker 12: Ron DeSantis has banked his campaign on Iowa. The Florida governor.

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Speaker 12: He's gone to all ninety nine counties, the only one

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Speaker 12: of the candidates to do that this cycle. And we

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Speaker 12: were at a rally last night and heard him and

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Speaker 12: he was making the case to voters, you really need

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Speaker 12: to support me here. He has said they'll continue on

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Speaker 12: after this, but there's some real question marks. If he

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Speaker 12: comes in third tonight, what will happen to his campaign

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Speaker 12: for the presidency.

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Speaker 1: Yeah, I've heard that funding could play an important role

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Speaker 1: in that that he might end up skipping New Hampshire.

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Speaker 1: So there's a lot riding on the Iowa caucuses for

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Speaker 1: Ron DeSantis.

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Speaker 12: There's an awful lot riding on it. Again, he has

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Speaker 12: staked his campaign here, said he you know, told his supporters,

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Speaker 12: you really need to get me to win here. And

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Speaker 12: if he doesn't, he's he's probably not even going to

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Speaker 12: a campaign heavily in North New Hampshire. He said that

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Speaker 12: he will look towards South Carolina, which is a contest

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Speaker 12: after that. So it's really the question of can how

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Speaker 12: what kind of knight can Nikki Haley have and how

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Speaker 12: big a knight will the former president have? Will Donald

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Speaker 12: Trump have? If he has a huge knight, that shows

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Speaker 12: you that, you know, it will be very very hard

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Speaker 12: for others to catch him. If he has a you know,

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Speaker 12: less than less good than expected knight, that will tell

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Speaker 12: us something as well. So it's always an expectation game.

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Speaker 12: And the reason this matters this is the first in

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Speaker 12: the nation. It's it's a caucus, not a primary, but

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Speaker 12: it's a very first one and historically it's told us

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Speaker 12: something interesting about the campaign as it goes forward.

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Speaker 8: Well, what comes out of Iowa, Jody be reflective of

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Speaker 8: what the rest of the country will do.

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Speaker 12: Yeah, I mean it hasn't always. We've seen, you know,

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Speaker 12: Ted Cruz one beat Donald Trump in twenty sixteen, and

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Speaker 12: of course Donald Trump went on to win the nomination,

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Speaker 12: and that's happened a number of times about the Republican

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Speaker 12: Democratic sides. But with such a big lead, Donald Trump

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Speaker 12: is the one to beat and many, many people and

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Speaker 12: many pollsters and pundits expect that it will be a

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Speaker 12: Trump Biden rematch this year. But this is what Nikki

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Speaker 12: Haley is trying to work against. And if she can

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Speaker 12: pull something off, and she can do pretty well tonight

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Speaker 12: and pull something off in New Hampshire, it becomes a

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Speaker 12: very different race with Donald Judy someone on the defensive

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Speaker 12: that his lead will have been cut into.

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Speaker 1: I was looking at this latest finding from ap votecast.

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Speaker 1: It's kind of interesting that islands are going to the

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Speaker 1: Caucuses with more of a desire to look at immigration

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Speaker 1: than they are health of the economy. That's kind of

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Speaker 1: a switch, although it fits with Donald Trump. But is

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Speaker 1: that a sign that cultural back are trumping the pocketbook.

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Speaker 12: Yeah, it's really interesting that immigration scored so heavily, and

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Speaker 12: we've heard a lot of that this week in campaigns,

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Speaker 12: and you know from the candidates, they're talking a lot

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Speaker 12: about it. They're almost making a general election kind of statement,

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Speaker 12: you know, about immigration and trying to attack Joe Biden's

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Speaker 12: immigration policies and saying what a mess the border is.

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Speaker 12: That this, I think is a preview of what will

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Speaker 12: become an interesting issue in the campaign. But the economy

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Speaker 12: is still going to be a huge issue. And inflation

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Speaker 12: and the fact that many people feel that even though

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Speaker 12: inflation's coming down, many families don't feel that yet. And

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Speaker 12: every time they go to the grocery store and every

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Speaker 12: time they go to the gas pump they see it.

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Speaker 12: It's like a billboard for inflation and that you know

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Speaker 12: that is expected to hurt the incumbent, Joe Biden, but

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Speaker 12: they're making an issue of it even in the primary campaigns.

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Speaker 8: What else should we watch out for? Me that we

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Speaker 8: have Iowa's the first, you know, we have New Hampshires.

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Speaker 8: You said next week, there's Super Tuesday, and once we

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Speaker 8: watch out for in terms of events all the way

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Speaker 8: to November. Now, real quickly.

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Speaker 12: Yeah, I think, I mean, you know, obviously, tonight we'll

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Speaker 12: we'll see how the expectations came again for Donald Trump.

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Speaker 12: Then we'll see how Nicki Haley does. We'll see who

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Speaker 12: drops out after this. Lots of chatter obviously about if

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Speaker 12: Ron to see in just doesn't I have a good night?

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Speaker 12: Does he drop out? We still have in the race

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Speaker 12: of viveig Ramaswami, who has not been polling well, does

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Speaker 12: he drop out? And you know what happened, and what happens,

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Speaker 12: what do they endorse? If we were going to see

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Speaker 12: one of those people drop out, would they endorse Nicki Haley?

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Speaker 12: That's a real question.

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Speaker 1: Jody, thanks so much for joining us here live on

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Speaker 1: the program. Jody Schneider, political news director for Bloomberg TV

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Speaker 1: and Radio, and Von also from that ap vote cast.

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Speaker 1: One of the findings is that voters are expressing skepticism

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Speaker 1: about the legal system in the United States and the

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Speaker 1: integrity of election. Will be interesting to hear what we

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Speaker 1: hear from voters after they leave the caucuses. This is

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Speaker 1: Bloomberg Daybreak Asia, your morning brief on the story's making

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