Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: Good morning, I'm Nathan Hager.
Speaker 1: And I'm Karen Moscow. Here are the stories we're following today.
Speaker 2: We begin with politics and the biggest day on the
Speaker 2: presidential primary calendar. Voters in sixteen states and one territory
Speaker 2: head to the polls on this Super Tuesday. Former President
Speaker 2: Donald Trump is expected to dominate, but his last Republican opponent,
Speaker 2: Nikki Haley, is making her stand in one of the
Speaker 2: biggest states in play tonight.
Speaker 3: This is a choice between do you want more of
Speaker 3: the same or do you want something new?
Speaker 2: Nicki Haley held a rally last night in Fort Worth, Texas.
Speaker 2: In all, eight hundred and sixty five Republican delegates are
Speaker 2: up for grabs this evening. Twelve hundred and fifteen are
Speaker 2: needed to clinch the nomination. Former President Trump picked up
Speaker 2: twenty nine more delegates last night in North Dakota, sweeping
Speaker 2: the state's caucuses with eighty four point six percent of
Speaker 2: the North Dakota vote to Hayley's fourteen point two percent.
Speaker 2: Former President Trump currently has two hundred and seventy three
Speaker 2: delegates to Haley's forty three.
Speaker 1: Well, Nathan, while it appears we're headed for a Biden
Speaker 1: Trump rematch. Republican strategist and owner of a Red Wave
Speaker 1: Communications David Kanchel thinks it'll be a very close race.
Speaker 4: Latest round of polls. New York Times Cien Pool in particular,
Speaker 4: has real concern among Democrats for Biden and whether or
Speaker 4: not he's going to be able to pull this off,
Speaker 4: because you know, his net favorability is terrible, his job
Speaker 4: approval is way down. Trump's favorability is actually higher than
Speaker 4: Joe Biden's right now, which is kind of funny. We
Speaker 4: haven't seen that until, you know, the last couple of
Speaker 4: years here, and I think this is going to be
Speaker 4: a real nail bier.
Speaker 1: Republican strategist David Kanchell made the comments in an interview
Speaker 1: with Bloomberg's Joe Matthew on Balance of Power to an
Speaker 1: in for special coverage of Super Tuesday, beginning an hour
Speaker 1: after the first polls close. It all starts tonight at
Speaker 1: eight pm Wall Street Time on Bloomberg Radio.
Speaker 2: Well, Karen, Donald, Trump is going to be allowed to
Speaker 2: compete in today's Colorado primary. That's after the Supreme Court
Speaker 2: unanimously overturned the Colorado Supreme Court's decision to remove him
Speaker 2: under the Constitution's insurrection clause. The US High Court ruled
Speaker 2: that states can't make that call. Former President Trump said
Speaker 2: the result was a milestone.
Speaker 5: I think it's a very big day for America.
Speaker 6: I think it's a very big day for liberty, and
Speaker 6: I think it's just a great day for this country.
Speaker 2: And while the decision was unanimous, the court's three liberal
Speaker 2: justices said the majority went too far into siding the
Speaker 2: Constitution's insurrection clause can't be enforced without Congress passing a
Speaker 2: law first.
Speaker 1: Well, another election news, Nathan, Today's California primary is turning
Speaker 1: out to be very interesting when it comes to the
Speaker 1: Senate race. Bloomberg's Ed Baxter reports from San Francisco.
Speaker 7: The polling has really tightened up here in California so
Speaker 7: called jungle primary. The top two vote getters no matter
Speaker 7: which party, advance as to the general in November. The
Speaker 7: man who presided over the first Trump impeachment, Adam Schiff,
Speaker 7: is running well ahead of Democratic contenders Katie Porter and
Speaker 7: Barbara Lee. But Scheff has spent money attacking GOP newcomer
Speaker 7: former Major leaguer Steve Garvey. Political strategists say it was
Speaker 7: thought out in advance to actually help Garvey and boost
Speaker 7: his name recognition. Democrats have had no problem winning Senate
Speaker 7: seats here over Republicans. Some polling now actually though, has
Speaker 7: Garvey in the lead in San Francisco. I'm at Baxter
Speaker 7: Bloomberg Radio.
Speaker 2: Okay, and thank you. Turning to markets, futures are lower
Speaker 2: a day after stock slipped from record highs Sam Stoveall,
Speaker 2: chief investment strategist at CFRII, says he would not be
Speaker 2: surprised to see a market pullback.
Speaker 6: We're at that point right now where I think that
Speaker 6: we could end up digesting some of the recent gains,
Speaker 6: but I am encouraged by the fact that we have
Speaker 6: never fallen back into a new bear market after recovering
Speaker 6: what we lost in the.
Speaker 2: Prior one cfr A Sam Stovall says the next big
Speaker 2: event for markets comes tomorrow when FED Chair J. Powell
Speaker 2: begins semi annual testimony before Congress.
Speaker 1: Well Nathan, Bitcoin's price is closing in on an all
Speaker 1: time high, but in market value terms, that token already
Speaker 1: touched a record. According to data from coin get go,
Speaker 1: the market capitalization of bitcoin reached one point three five
Speaker 1: trillion dollars, and that tops the peak of one point
Speaker 1: two eight trillion in November of twenty twenty one. Now
Speaker 1: is the month of token jumped to just under sixty
Speaker 1: nine thousand dollars and checking bitcoin right now, it's at
Speaker 1: sixty six thousand, six hundred dollars.
Speaker 2: In company news, Karen disappointing iPhone sales for Apple in China.
Speaker 2: Let's get the story now from Bloomberg's John Tucker, John.
Speaker 8: And Nate Counterpoint research. His iPhone sales in China fell
Speaker 8: and eye opening twenty four percent over the first six
Speaker 8: weeks of this year. Buyers may be attorney the cheaper brands.
Speaker 8: The top market share went to Vivo, which targets the
Speaker 8: budget segment with a handset, accounts for more than half
Speaker 8: of Apple sales. To stimulate demand, Apple even resorted to
Speaker 8: rare discounts on its web store. In January, Apple fell
Speaker 8: below sixteen percent market share from nineteen percent a year ago.
Speaker 8: According to the researchers, what China government officials have asked
Speaker 8: their employees not to bring foreign devices like iPhones to work.
Speaker 8: Apple share is a full and nine percent since the
Speaker 8: start of the year, and it lost the title of
Speaker 8: world's most valuable company to Microsoft. The pre market shares
Speaker 8: this morning down one and a half percent. John Tucker,
Speaker 8: Bloomberg Radio.
Speaker 1: All right, John, thanks well. China is having an impact
Speaker 1: on another big US company, Bloomberg has learned. Advanced micro
Speaker 1: Devices has hit a US government roadblock in attempting to
Speaker 1: sell an artificial intelligence chip tailored for the Chinese market.
Speaker 1: Sources AAMD had hoped to gain a green light from
Speaker 1: the Commerce Department to sell the AI processor to Chinese customers,
Speaker 1: but US officials told AMD that the ship was still
Speaker 1: too powerful and that the company must obtain a license
Speaker 1: from Commerce's Bureau of Industry and Security in order to
Speaker 1: sell it. The stock is down more than three percent
Speaker 1: this morning.
Speaker 2: Well. Meanwhile, Karen China has set its economic growth target
Speaker 2: for this year at around five percent. Bloomberg Daybreak Asia
Speaker 2: anchor Brian Curtis has more from Hong Kong.
Speaker 5: The target is the same as last year, but it
Speaker 5: may be more difficult to attain given the less favorable
Speaker 5: comparisons than last year. Authorities will issue one trillion yu
Speaker 5: on or one hundred and thirty nine billion dollars of
Speaker 5: Ultralong Special Central Government bonds. This is part of a
Speaker 5: ramp up in fiscal stimulus, and it moves more debt
Speaker 5: to the central government away from the provinces. The budget
Speaker 5: deficit projected at three percent of GDP for twenty twenty four,
Speaker 5: military spending up seven point two percent. Markets turned up
Speaker 5: their noses a little on this, but it's still early.
Speaker 5: In Hong Kong. Brian Curtis, Bloomberg Radio.
Speaker 1: All right, Brian, thanks and on the wealth front, for
Speaker 1: the first time in more than nine months, Elon Musk
Speaker 1: is no longer the world's richest person. We get the
Speaker 1: details from Bloomberg's Chirleipellet.
Speaker 9: Musk lost his position atop the Bloomberg Billionaires Index to
Speaker 9: Jeff Bezos. Musk now has a net worth of one
Speaker 9: hundred ninety seven point seven billion. Bezos's fortune is two
Speaker 9: hundred point three billion. It is the first time that Bezos,
Speaker 9: the founder of Amazon, has topped Bloomberg's ranking of the
Speaker 9: richest people since twenty twenty one. The wealth gap between
Speaker 9: Musk and Bezos, which at one point was as wide
Speaker 9: as one hundred forty two billion, has been shrinking as
Speaker 9: Amazon and Tesla Shar's move in opposite directions. In New
Speaker 9: York Charlie Pellett Bloomberg Radio.
Speaker 1: And it's time now for a look at some of
Speaker 1: the other stories making news in New York and around
Speaker 1: the world. And for that we're joined by Bloomberg's Michael
Speaker 1: Barr Michael, good Morning.
Speaker 10: Good morning here. And the Biden administration continues to push
Speaker 10: for a six week pause to the war in gazap
Speaker 10: as well as for Israel to stop blocking aid into
Speaker 10: the besiege enclave and for her mass to release the
Speaker 10: remaining hostages held there. Meanwhile, the US is planning to
Speaker 10: continue to air drop supplies into Gaza. Bloomberg's Nancy lyons
Speaker 10: with the latest.
Speaker 3: The United Nations says a quarter of the two point
Speaker 3: three million people in Gaza faced starvation. The Pentagon's Matt
Speaker 3: Miller says the US started air dropping food into the
Speaker 3: region over the weekend and will continue distributing aid.
Speaker 4: People are desperate for food, for water, for medicine. Parents
Speaker 4: are facing impossible choices about how to feed their children.
Speaker 3: Many don't know where the next meal will come from.
Speaker 3: Miller says these air drops are intended to supplement, not
Speaker 3: replace aid. Through other mechanisms, he says the US is
Speaker 3: pressing Israel to open additional crossings and routes into Gaza
Speaker 3: in Washington. Nancy Lyons Bloomberg Radio.
Speaker 10: New York Governor Cathy ho Coal indicated CHAP plans to
Speaker 10: increase the number of law enforcement officers in the city
Speaker 10: subway system. The development comes after Hokll met with Mayor
Speaker 10: Eric Adams and the NYPD's Chief of Transit to find
Speaker 10: ways to put more state resources in the subway system.
Speaker 10: That is on top the one thousand extra VIPD officers
Speaker 10: in the.
Speaker 11: Subway, seeing more police on the platform, more cameras. As
Speaker 11: you know, I am the one who said that every
Speaker 11: single car has to have cameras on it. And because
Speaker 11: I kept pushing and not taking no for an answer
Speaker 11: or that we can't do it for a few years
Speaker 11: and lall be done. By the end of this year,
Speaker 11: we've over two thousand trains that have cameras on them
Speaker 11: and that has been very helpful in solving crimes as
Speaker 11: well as the platforms. And and I want every make
Speaker 11: sure that every conductor's booth area has cameras as well.
Speaker 10: The NYPD says the subway system is seen a rise
Speaker 10: in major crimes by more than thirteen percent compared to
Speaker 10: the same time last year, President Joe Biden's administration is
Speaker 10: announcing a final rule curtailing credit card late fees. The
Speaker 10: Consumer Financial Protection BUA estimates its move the slash credit
Speaker 10: card late fees would say of an average of two
Speaker 10: hundred and twenty dollars per year for forty five million people.
Speaker 10: Global news twenty four hours a day and whenever you
Speaker 10: want it with the Bloomberg News.
Speaker 4: Now.
Speaker 10: I'm Michael Barr. This is Bloomberg Nathan.
Speaker 2: All right, Michael, thank you time now for the Bloomberg
Speaker 2: Sports Up. They brought to you by Tri State Outy
Speaker 2: Your's John Stashauer.
Speaker 12: Thanks Dathan. The Rangers were the hottest team in hockey
Speaker 12: really loft ten straight wins where they've lost through their
Speaker 12: last four. The hottest team now the Florida Panthers. At
Speaker 12: the Garden, they made it eleven of the last twelve.
Speaker 12: Sam Reinhardt two second period goals numbers forty three and
Speaker 12: forty four in the season. Panthers scored two more third
Speaker 12: period beat the Rangers four to two. Florida has the
Speaker 12: most point in the NHL. Plays again tonight at New Jersey.
Speaker 12: The Devil's now being coached by Travis Green, formerly the
Speaker 12: coach in Vancouver. He was an assistant to Lindy Ruff.
Speaker 12: He was just fired in his fourth season in Jersey.
Speaker 12: The Devils thirty and twenty seven. They've lost five of
Speaker 12: their last seven. Bruins won four to one in Toronto, NBA.
Speaker 12: The Nets lost at home to Memphis one o six,
Speaker 12: one oh two. Wizards lost in Utah. For Washington, that's
Speaker 12: fifteen losses in a row. Yankees went to Jupiter beat
Speaker 12: the Marlins three to two. Clark Schmidt looks ready for
Speaker 12: the season. Four scoreless Sennings allowed only one hit. The
Speaker 12: ex met pitcher Zach Wheeler has flourished in Philadelphia has
Speaker 12: now cashed in a year ahead of free agency. Wheeler
Speaker 12: gets a new deal with the Phillies for three years,
Speaker 12: one hundred and twenty six million. Spaking of Philadelphia, that's
Speaker 12: where Jason Kelsey was yesterday, emotionally making his retirement official
Speaker 12: after thirteen seasons as a fan favorite and anchoring the
Speaker 12: Eagles offensive line.
Speaker 13: I don't know what's next, but I look forward to
Speaker 13: the new challenges and opportunities that'll wait. And I know
Speaker 13: that I carry with me the lessons for my time here,
Speaker 13: and that forever. We shall all share the bond of
Speaker 13: being Philadelphia's.
Speaker 12: Next for Kelsey may well be a broadcasting gig. What's
Speaker 12: next for Russell Wilson? Released by Denver after two lackluster
Speaker 12: seasons there, he becomes a thirty five year old free
Speaker 12: agent quarterback. You don't have to pay him much money
Speaker 12: because Wilson's assured of making thirty nine million to the Broncos.
Speaker 2: John Stashchetwe're Bloombrook Sports. Nathan Okay, John, thank you. We
Speaker 2: want to get right back to this marquee day in
Speaker 2: the presidential primary race. Sixteen states and one teary Award
Speaker 2: delegates on this Super Tuesday, and it could be the
Speaker 2: day Donald Trump all but seals the deal for the
Speaker 2: Republican nomination. We are joined now by Greg Valier, chief
Speaker 2: US policy strategists for AGF Investments. Greg, good morning. Do
Speaker 2: you see any states where it could be a contest today?
Speaker 14: Not really, Nathan, good Morning. It would be face to
Speaker 14: watch California, Texas fates like that. But frankly, I think
Speaker 14: the big story to watch is going to be what
Speaker 14: Nicky Haley does. She may be gone by the end
Speaker 14: of the week.
Speaker 2: That is the big question. What will Nicky Haley do if,
Speaker 2: as expected, she doesn't win any states tonight.
Speaker 14: Yeah, it's awfully hard to see her staying in. It's
Speaker 14: a battle, as you know, for delegates, and she's just
Speaker 14: doing very poorly on delegates. She can claim that, you know,
Speaker 14: thirty percent of the party likes her and would vote
Speaker 14: for her, but that is not going to get her
Speaker 14: the nomination.
Speaker 2: It might not get her the nomination greg but it
Speaker 2: does raise the question of where those thirty percent of
Speaker 2: votes that went for Nikki Haley go. Does former President
Speaker 2: Trump reach out in some way to those voters?
Speaker 14: Yes, I think one of the surprises of the spring
Speaker 14: will be that Trump is more conciliatory with Republicans who
Speaker 14: don't like him. I think he's shrewd enough to realize
Speaker 14: their votes are really important. So I think that Haley
Speaker 14: will probably offer a half hearted endorsement of Trump. But
Speaker 14: even that I think could make a difference in the
Speaker 14: suburban voters in Pennsylvania moderates in Pennsylvania, so there's high
Speaker 14: stakes in what she does.
Speaker 2: There would be interesting if she did give even a
Speaker 2: half hearted endorsement, because as we heard over the weekend,
Speaker 2: she's hinting that she might not stick to her RNC
Speaker 2: pledge to endorse the eventual nominee. Could Nikki Haley continue
Speaker 2: to be something of a gadfly in this race even
Speaker 2: if she doesn't go on from here?
Speaker 14: She could, But I think her focus is going to
Speaker 14: shift rapidly to the twenty twenty eight primary. I know
Speaker 14: that's a long way off. We haven't even had these primaries,
Speaker 14: but I think that she would realize as Ronald Reagan did,
Speaker 14: by the way, in nineteen seventy six, Reagan said all right,
Speaker 14: I'm not going to run, and then he waited until
Speaker 14: nineteen eighty and he won the presidency. And she's young,
Speaker 14: she'd be fifty five fifty six during the twenty twenty
Speaker 14: eight primaries. I think she will start thinking that that
Speaker 14: could be her real opportunity.
Speaker 2: If this does turn out to be a decisive night,
Speaker 2: it's going to set up the longest general election contest
Speaker 2: in recent memory, for a rematch that the polls show
Speaker 2: most Americans don't want. What could that mean for the
Speaker 2: fatigue factor heading into November.
Speaker 14: It's a good point, Nathan. I have lots of friends
Speaker 14: in Canada, and I tell him I'm jealous because their
Speaker 14: campaigns last about six weeks, which seems normal unlike what
Speaker 14: we have, so yes, fatigue. There could be speculation about,
Speaker 14: you know, maybe a long shot third party candidate like
Speaker 14: Robert F. Kennedy Junior. But it's these two guys. I
Speaker 14: don't see anyone else really changing the outlook.
Speaker 2: And when it comes to the Democratic primary, are you
Speaker 2: looking for any potential warning signs for President Biden in
Speaker 2: the Super Tuesday like we saw from Michigan last.
Speaker 14: Week could be good point. I think that there could
Speaker 14: be more states that have uncommitted. That embarrasses the White House.
Speaker 14: It highlights the controversy over the Israeli war with Hamas,
Speaker 14: and it's an added annoyance that Trump that Biden does
Speaker 14: not need.
Speaker 2: And how could this set up the State of the
Speaker 2: Union address that we're going to get on Thursday night?
Speaker 2: You got about thirty seconds left.
Speaker 14: Sure this address is going to require Joe Biden to
Speaker 14: be flawless, no gas, no stumbling. It's got to be
Speaker 14: a flawless address because if it's not, his ratings could
Speaker 14: go down even more.
Speaker 2: This is Bloomberg Daybreak Today, your morning brief on the
Speaker 2: stories making news from Wall Street to Washington and beyond.
Speaker 1: Look for us on your podcast feed at six am
Speaker 1: Eastern each morning, on Apple, Spotify, and anywhere else you
Speaker 1: get your podcasts.
Speaker 2: You can also listen live each morning starting at five
Speaker 2: am Wall Street Time, on Bloomberg eleven three to zero
Speaker 2: in New York, Bloomberg ninety nine to one in Washington,
Speaker 2: Bloomberg one oh six to one in Boston, and Bloomberg
Speaker 2: nine sixty in San Francisco.
Speaker 1: Our flagship New York station is also available on your
Speaker 1: Amazon Alexa devices. Just say Alexa Play Bloomberg eleven.
Speaker 2: Thirty plus listen coast to coast on the Bloomberg Business app, SERRIUSXM,
Speaker 2: the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan
Speaker 2: Hager and I'm Karen Moscow.
Speaker 1: Join us again tomorrow morning for all the news you
Speaker 1: need to start your day right here on Bloomberg Daybreak