1
00:00:02,400 --> 00:00:06,760
Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

2
00:00:09,480 --> 00:00:12,719
Speaker 2: Good morning, I'm Nathan Hager and I'm Amy Morris. Here

3
00:00:12,760 --> 00:00:14,680
Speaker 2: are the stories we're following today.

4
00:00:15,040 --> 00:00:18,400
Speaker 1: We begin in Washington, where another partial government shut down

5
00:00:18,400 --> 00:00:22,040
Speaker 1: deadline is fast approaching. Lawmakers have till midnight Friday to

6
00:00:22,079 --> 00:00:25,960
Speaker 1: reach an agreement on four of their twelve annual funding bills. Today,

7
00:00:26,000 --> 00:00:28,520
Speaker 1: President Biden is meeting with congressional leaders to try to

8
00:00:28,560 --> 00:00:31,640
Speaker 1: break the impass and unlock billions of dollars in farn aid.

9
00:00:31,840 --> 00:00:34,440
Speaker 1: Senate Majority Leader Chuck Schumer says he is hopeful they

10
00:00:34,479 --> 00:00:35,400
Speaker 1: can get to a deal.

11
00:00:35,760 --> 00:00:39,760
Speaker 3: While we've made some good progress and a number of fronts, Unfortunately,

12
00:00:39,840 --> 00:00:43,880
Speaker 3: our House Republican colleagues are still struggling to figure themselves out.

13
00:00:44,600 --> 00:00:47,080
Speaker 3: There's a lot of uncertainty over how the House will

14
00:00:47,120 --> 00:00:48,479
Speaker 3: proceed in the coming days.

15
00:00:49,760 --> 00:00:50,159
Speaker 4: Till then.

16
00:00:50,320 --> 00:00:54,280
Speaker 1: Majority Leader Chuck Schumer's telling senators to keep their schedules flexible.

17
00:00:54,760 --> 00:00:57,480
Speaker 2: Meanwhile, a deal may be getting closer in the Middle East,

18
00:00:57,520 --> 00:01:00,920
Speaker 2: as Bloomberg's head Baxter reports their new hope for a

19
00:01:01,000 --> 00:01:03,600
Speaker 2: ceasefire between Israel and Hamas.

20
00:01:03,600 --> 00:01:06,279
Speaker 5: President Joe Biden says he hopes that cees fire between

21
00:01:06,360 --> 00:01:08,959
Speaker 5: Israel and Hamas can take effect by early next week,

22
00:01:09,040 --> 00:01:11,520
Speaker 5: and that security advisor tells me that we're close.

23
00:01:11,680 --> 00:01:14,280
Speaker 6: We're close and not done yet, and my hope is

24
00:01:14,400 --> 00:01:16,120
Speaker 6: by next Monday we'll have.

25
00:01:16,200 --> 00:01:16,880
Speaker 4: To cease fire.

26
00:01:17,040 --> 00:01:19,880
Speaker 5: And State Department spokes from Matthew Miller says details are

27
00:01:19,920 --> 00:01:21,800
Speaker 5: being worked out for the hostage release.

28
00:01:21,880 --> 00:01:22,840
Speaker 7: It depends on Hamas.

29
00:01:23,120 --> 00:01:25,240
Speaker 8: We believe a deal as possible and we hope AMAS

30
00:01:25,240 --> 00:01:26,120
Speaker 8: will greet you one.

31
00:01:26,000 --> 00:01:28,800
Speaker 5: And they hope to have the final plan by the weekend.

32
00:01:29,480 --> 00:01:31,160
Speaker 5: Ed Baxter, Bloomberg Radio.

33
00:01:30,959 --> 00:01:33,160
Speaker 1: All right, ed, thank you now. President Biden's support for

34
00:01:33,240 --> 00:01:35,920
Speaker 1: Israel is threatening his own political support as he ramps

35
00:01:36,000 --> 00:01:39,279
Speaker 1: up his reelection campaign. Michigan is holding its primary today.

36
00:01:39,560 --> 00:01:43,000
Speaker 1: Much of that state's Arab American population blames Biden for

37
00:01:43,080 --> 00:01:46,320
Speaker 1: failing to stop the war in Gaza. There's a grassroots

38
00:01:46,400 --> 00:01:49,760
Speaker 1: push in Michigan to vote uncommitted instead of for Biden

39
00:01:49,800 --> 00:01:52,360
Speaker 1: today to send him a message about his handling of

40
00:01:52,360 --> 00:01:52,960
Speaker 1: the crisis.

41
00:01:53,440 --> 00:01:56,080
Speaker 2: Meanwhile, the President was in New York City last night

42
00:01:56,120 --> 00:01:59,240
Speaker 2: for campaign events, and he took on the age question

43
00:01:59,600 --> 00:02:03,080
Speaker 2: during an appearance on NBC's Late Night with Seth Myers.

44
00:02:03,480 --> 00:02:06,440
Speaker 6: It's about how old your ideas are look. I mean,

45
00:02:06,800 --> 00:02:08,480
Speaker 6: this is a guy who wants to take us back.

46
00:02:08,480 --> 00:02:10,240
Speaker 6: He wants to take us back on Roe v. Wade,

47
00:02:10,240 --> 00:02:12,480
Speaker 6: he wants to take us back on a whole range

48
00:02:12,520 --> 00:02:15,480
Speaker 6: of issues that were fifty sixty years they've been solid

49
00:02:15,560 --> 00:02:16,880
Speaker 6: American positions.

50
00:02:17,480 --> 00:02:20,480
Speaker 2: The president also referred to an episode where former President

51
00:02:20,520 --> 00:02:23,440
Speaker 2: Trump appeared to call his wife by a different name,

52
00:02:23,680 --> 00:02:25,840
Speaker 2: although he may have been referring to someone else in

53
00:02:25,880 --> 00:02:28,840
Speaker 2: the crowd at that event. An NBC News poll from

54
00:02:28,919 --> 00:02:32,240
Speaker 2: January found three and four voters had concerns about Biden

55
00:02:32,320 --> 00:02:35,400
Speaker 2: age Biden's age, less than half said the same about

56
00:02:35,440 --> 00:02:36,160
Speaker 2: Donald Trump.

57
00:02:36,280 --> 00:02:38,360
Speaker 1: H let's turn back to markets now. Amy, for the

58
00:02:38,400 --> 00:02:41,640
Speaker 1: first time in more than two years, bitcoin is past

59
00:02:41,720 --> 00:02:44,080
Speaker 1: the fifty seven thousand level. Let's get the latest now

60
00:02:44,080 --> 00:02:45,919
Speaker 1: from Bloomberg's John Tucker, John.

61
00:02:45,840 --> 00:02:48,760
Speaker 9: And Nathan introduction of those bitcoin ETFs earlier this year,

62
00:02:48,800 --> 00:02:50,720
Speaker 9: and that's a big part of the reason for this jump.

63
00:02:51,080 --> 00:02:54,560
Speaker 9: Six point one billion dollars says poured into bitcoin to ETFs.

64
00:02:54,800 --> 00:02:57,640
Speaker 9: They began trading of the US on January eleventh. We

65
00:02:57,680 --> 00:03:00,320
Speaker 9: also have this upcoming of reduction in bitcoin, so apply

66
00:03:00,440 --> 00:03:04,440
Speaker 9: growth the having a micro strategy and enterprise software firm

67
00:03:04,480 --> 00:03:08,360
Speaker 9: says it's purchased another three thousand or so tokens this month.

68
00:03:08,919 --> 00:03:12,680
Speaker 9: Bitcoin has outperformed traditional assets like stocks and gold this year.

69
00:03:13,040 --> 00:03:16,919
Speaker 9: Shares of cryptorelated companies also gained in yesterday's trading. Trading

70
00:03:16,919 --> 00:03:22,000
Speaker 9: platform coinbased Global, for instance, increase seventeen percent. Bitcoin has

71
00:03:22,080 --> 00:03:25,040
Speaker 9: paired some of the earlier gains, now just under fifty

72
00:03:25,040 --> 00:03:28,519
Speaker 9: seven thousand dollars per token. I'm John Tucker, Bloomberg Radio.

73
00:03:29,080 --> 00:03:31,320
Speaker 2: All right, thank you, John, and bitcoin not the only

74
00:03:31,360 --> 00:03:34,160
Speaker 2: thing on the rise this morning. Shares of Zoom Video

75
00:03:34,280 --> 00:03:36,720
Speaker 2: are up more than ten percent in early trading. We

76
00:03:36,800 --> 00:03:39,240
Speaker 2: get that story from Bloomberg's Kimberly Adams.

77
00:03:39,280 --> 00:03:42,560
Speaker 10: The video conference provider reported quarterly sales and profit that

78
00:03:42,600 --> 00:03:45,760
Speaker 10: top analyst estimate. Zoom also announced a one point five

79
00:03:45,880 --> 00:03:49,680
Speaker 10: billion share buyback. After hypergrowth during the pandemic, Zoom had

80
00:03:49,760 --> 00:03:54,080
Speaker 10: experienced a dramatic sales slowdown, a mid competition for business customers,

81
00:03:54,200 --> 00:03:57,240
Speaker 10: and the departure of consumers from the video conferencing platform.

82
00:03:57,440 --> 00:04:00,440
Speaker 10: In the hopes of capturing more corporate client, Zoom has

83
00:04:00,440 --> 00:04:04,080
Speaker 10: expanded its product line to include phone systems, call centers,

84
00:04:04,080 --> 00:04:08,040
Speaker 10: and AI assistants. Zoom says contact center licenses have tripled

85
00:04:08,040 --> 00:04:10,520
Speaker 10: over the last year, and about half a million accounts

86
00:04:10,600 --> 00:04:14,280
Speaker 10: enabled Zoom's AI free companion. Kimberly Adams, Bloomberg Radio.

87
00:04:14,440 --> 00:04:17,520
Speaker 1: All right, Kim, thanks, we'll talk about trading places. Bloomberg

88
00:04:17,560 --> 00:04:20,680
Speaker 1: News has learned the fast fashion company Shan is considering

89
00:04:20,720 --> 00:04:24,000
Speaker 1: the possibility of switching its initial public offering to London

90
00:04:24,120 --> 00:04:26,800
Speaker 1: from New York because of hurdles getting it listed in

91
00:04:26,839 --> 00:04:29,840
Speaker 1: the US. We get more from Bloomberg Markets reporter Sam Onstead.

92
00:04:30,240 --> 00:04:32,640
Speaker 11: It would be an enormous IPO. I mean, even at

93
00:04:32,640 --> 00:04:34,640
Speaker 11: the lower end of their valuation, they would be about

94
00:04:34,640 --> 00:04:37,120
Speaker 11: the sixteen seventeenth biggest company in London if they did

95
00:04:37,160 --> 00:04:39,400
Speaker 11: list Their first choice very much New York, as it

96
00:04:39,400 --> 00:04:42,160
Speaker 11: should be the tech driven retailer, so their evaluation will

97
00:04:42,160 --> 00:04:44,279
Speaker 11: be a lot higher, their liquidity pools a lot higher.

98
00:04:44,279 --> 00:04:46,159
Speaker 11: But they think there's going to be issues in getting

99
00:04:46,160 --> 00:04:48,480
Speaker 11: past the SEC. So it may well be that what

100
00:04:48,520 --> 00:04:51,200
Speaker 11: you see here if they do indeed choose London instead

101
00:04:51,200 --> 00:04:53,200
Speaker 11: of say, Hong Kong or Singapore, is they get the

102
00:04:53,279 --> 00:04:57,440
Speaker 11: listing done but don't necessarily particularly love being here, may

103
00:04:57,480 --> 00:05:00,359
Speaker 11: well eventually kind of shift themselves over to EY the

104
00:05:00,360 --> 00:05:03,320
Speaker 11: new York, Hong Kong, Singapore Lodge of Markets with molliquincy.

105
00:05:03,560 --> 00:05:06,200
Speaker 1: Bloomberg Markets reporter Samunce said they're in London. He notes

106
00:05:06,240 --> 00:05:09,080
Speaker 1: shay And was founded in China but is now headquartered

107
00:05:09,120 --> 00:05:09,880
Speaker 1: in Singapore.

108
00:05:10,480 --> 00:05:13,760
Speaker 2: Turning to the economy, another FED official urging caution when

109
00:05:13,760 --> 00:05:16,880
Speaker 2: it comes to cutting interest rates, Kansas City FED President

110
00:05:17,000 --> 00:05:20,479
Speaker 2: Jeffrey Schmid says the central bank should be patient with

111
00:05:20,560 --> 00:05:23,080
Speaker 2: inflation above the FEDS two percent target and the job

112
00:05:23,120 --> 00:05:26,679
Speaker 2: market still strong. In his first major speech since taking

113
00:05:26,720 --> 00:05:29,320
Speaker 2: the job six months ago, Schmid also said he is

114
00:05:29,360 --> 00:05:31,800
Speaker 2: in no hurry to stop the ongoing reduction of the

115
00:05:31,839 --> 00:05:32,800
Speaker 2: fed's balance sheet.

116
00:05:33,040 --> 00:05:35,760
Speaker 1: In Asia, Japan's two year bond yield climbed to its

117
00:05:35,839 --> 00:05:38,560
Speaker 1: highest level in more than a decade. Stronger than expected

118
00:05:38,600 --> 00:05:41,080
Speaker 1: inflation data are boosting bets that the Bank of Japan

119
00:05:41,160 --> 00:05:44,440
Speaker 1: will end its negative interest rate policy in coming months.

120
00:05:44,560 --> 00:05:47,000
Speaker 2: And in China, state back buns have poured more than

121
00:05:47,040 --> 00:05:50,080
Speaker 2: fifty seven billion dollars into onshore shares this year in

122
00:05:50,120 --> 00:05:52,359
Speaker 2: a bid to prop up the market. That's according to

123
00:05:52,520 --> 00:05:56,599
Speaker 2: estimates by UBS, which expects further purchases. The Swiss Bank

124
00:05:56,640 --> 00:05:59,200
Speaker 2: says more than seventy five percent of the inflows when

125
00:05:59,279 --> 00:06:02,880
Speaker 2: into products tracking the benchmark CSI three hundred.

126
00:06:02,560 --> 00:06:05,880
Speaker 1: Index, and Ali Baba has led the largest single financing

127
00:06:05,960 --> 00:06:09,680
Speaker 1: round for a Chinese artificial intelligence startup. It's the latest

128
00:06:09,680 --> 00:06:12,440
Speaker 1: in a string of sizable investments that suggests the e

129
00:06:12,480 --> 00:06:15,599
Speaker 1: commerce firm is again deploying capital in the hunt for growth.

130
00:06:15,600 --> 00:06:18,800
Speaker 1: Ali Baba led a billion dollar funding round in Moonshot,

131
00:06:18,880 --> 00:06:22,039
Speaker 1: Ai that is one of the better known startups developing

132
00:06:22,120 --> 00:06:24,640
Speaker 1: generative artificial intelligence in China.

133
00:06:24,920 --> 00:06:27,719
Speaker 2: And in Europe. Bloomberg News has learned the UK's Chancellor

134
00:06:27,760 --> 00:06:30,719
Speaker 2: of the Exchequer, Jeremy Haunt mayan alsa new tax on

135
00:06:30,839 --> 00:06:33,599
Speaker 2: vapes in his budget next week. The levy would apply

136
00:06:33,640 --> 00:06:37,359
Speaker 2: to both manufacturers and importers. It's being considered part of

137
00:06:37,560 --> 00:06:40,599
Speaker 2: Prime Minister Regis Suneck's efforts to crack down on vaping

138
00:06:40,640 --> 00:06:42,840
Speaker 2: and smoking to protect children's health.

139
00:06:46,040 --> 00:06:47,240
Speaker 1: Time now to take a look at some of the

140
00:06:47,279 --> 00:06:49,600
Speaker 1: other stories making news in New York and around the world,

141
00:06:49,600 --> 00:06:51,560
Speaker 1: and for that we're joined by Bloomberg's Michael Bark.

142
00:06:51,560 --> 00:06:54,560
Speaker 4: Good Morning, Michael, Good Morning. Nathan. Reaction comes in as

143
00:06:54,560 --> 00:06:59,080
Speaker 4: Sweden is now set to follow Finland's footsteps and join NATO.

144
00:06:59,520 --> 00:07:03,880
Speaker 4: Approval from Hungary's parliament mark the thirty first and final

145
00:07:03,920 --> 00:07:07,039
Speaker 4: member to admit Sweden. It strengthens the alliance in the

146
00:07:07,080 --> 00:07:11,040
Speaker 4: face of Russia's war with Ukraine. Former US Ambassador to

147
00:07:11,120 --> 00:07:12,920
Speaker 4: NATO Ivo Dalder.

148
00:07:13,520 --> 00:07:16,520
Speaker 8: It now brings NATO closer to Russia's border. Remember the

149
00:07:16,560 --> 00:07:19,640
Speaker 8: war when the Ukraine was ostensibly started to prevent NATO

150
00:07:19,680 --> 00:07:22,040
Speaker 8: from coming closer to Russia's border. Well, one way in

151
00:07:22,080 --> 00:07:24,920
Speaker 8: which you bring NATO closer is when you start attacking

152
00:07:25,480 --> 00:07:27,080
Speaker 8: other countries and invading them.

153
00:07:27,160 --> 00:07:30,840
Speaker 4: Sweden decided to leave behind two hundred years of neutrality

154
00:07:31,000 --> 00:07:35,040
Speaker 4: after Russia invaded Ukraine. Donald Trump's lawyers have filed a

155
00:07:35,120 --> 00:07:37,400
Speaker 4: notice of appeal and his four hundred and fifty four

156
00:07:37,400 --> 00:07:41,400
Speaker 4: million dollar New York civil fraud judgment challenging a judge

157
00:07:41,440 --> 00:07:44,800
Speaker 4: is finding that he lied about his wealth as he

158
00:07:44,840 --> 00:07:48,160
Speaker 4: grew his real estate empire. Meanwhile, ahead of Trump's first

159
00:07:48,200 --> 00:07:52,200
Speaker 4: criminal trial, Manhattan District Attorney Alvin Bragg is asking a

160
00:07:52,280 --> 00:07:55,800
Speaker 4: judge to impose a partial gag order on the former president.

161
00:07:56,600 --> 00:07:59,640
Speaker 4: Questions over immigration continue in the case of a nursing

162
00:07:59,680 --> 00:08:03,360
Speaker 4: student murdered on the University of Georgia campus last week.

163
00:08:03,680 --> 00:08:07,280
Speaker 4: The older brother of the man charged allegedly showed a

164
00:08:07,320 --> 00:08:11,000
Speaker 4: fake green card to police as they investigated the woman's death.

165
00:08:11,400 --> 00:08:14,880
Speaker 4: Both men are from Venezuela. Governor Brian Kemp is demanding

166
00:08:14,920 --> 00:08:18,160
Speaker 4: answers from President Biden and immigration authorities.

167
00:08:18,400 --> 00:08:23,200
Speaker 1: She deserves justice, her family deserves justice, and we need

168
00:08:23,360 --> 00:08:25,880
Speaker 1: justice on a national level to prevent this type of

169
00:08:25,920 --> 00:08:27,160
Speaker 1: thing from happening again.

170
00:08:27,720 --> 00:08:30,680
Speaker 4: The older brother has been arrested by Georgia authorities and

171
00:08:30,720 --> 00:08:33,920
Speaker 4: the younger brother accused of murder has been under arrest

172
00:08:34,000 --> 00:08:36,520
Speaker 4: in New York City and at the border, but they

173
00:08:36,559 --> 00:08:40,920
Speaker 4: were parolled or released before customs enforcement agents could step in.

174
00:08:41,600 --> 00:08:44,480
Speaker 4: The DEA is cracking down on the use of pill

175
00:08:44,600 --> 00:08:48,679
Speaker 4: presses in its efforts to fight the fentanyl crisis. It

176
00:08:48,760 --> 00:08:52,000
Speaker 4: warns e commerce sites to regulate purchases of the presses

177
00:08:52,080 --> 00:08:55,240
Speaker 4: under current law. In a duplex turned drug lab in

178
00:08:55,320 --> 00:08:59,320
Speaker 4: New York City, DEA administrator and Milgrim says agents sees

179
00:08:59,440 --> 00:09:04,080
Speaker 4: presses along with two hundred thousand suspected fentanyl pills.

180
00:09:04,480 --> 00:09:06,840
Speaker 10: In the last six months, We've seized pill presses in

181
00:09:06,880 --> 00:09:10,319
Speaker 10: New York, in Massachusetts, in Mississippi, in Kentucky.

182
00:09:10,360 --> 00:09:12,040
Speaker 2: It's an industrial machine.

183
00:09:12,400 --> 00:09:15,560
Speaker 4: The DEA's Dan Milgrim says many of the machines arepurchased

184
00:09:15,559 --> 00:09:18,800
Speaker 4: online for as little as forty bucks. Students at New

185
00:09:18,840 --> 00:09:21,120
Speaker 4: York City is Albert Einstein School of Medicine got to

186
00:09:21,120 --> 00:09:25,720
Speaker 4: welcome surprise. Longtime Board of Trustees chairwoman doctor Ruth Goutnisman

187
00:09:26,320 --> 00:09:29,520
Speaker 4: is gifting the school one billion dollars to make tuition

188
00:09:29,679 --> 00:09:34,520
Speaker 4: free for current four year students and every student enrolling

189
00:09:34,559 --> 00:09:37,680
Speaker 4: in the future. Doctor Goutnisman made the huge donation in

190
00:09:37,720 --> 00:09:40,640
Speaker 4: the name of her late husband, David Sandy Gottisman, who

191
00:09:40,720 --> 00:09:44,280
Speaker 4: was an early investor in Berkshire Hathaway Global. Eing was

192
00:09:44,280 --> 00:09:46,040
Speaker 4: twenty four hours a day and whenever you want it

193
00:09:46,040 --> 00:09:49,040
Speaker 4: with Bloomberg News Now, I'm Michael Barr. This is Bloomberg Navan.

194
00:09:49,080 --> 00:09:56,360
Speaker 1: All right, Michael, thanks time now for the Bloomberg Sports update,

195
00:09:56,400 --> 00:09:58,320
Speaker 1: brought to you by Tri State OWD. He here's John

196
00:09:58,320 --> 00:09:58,880
Speaker 1: stash Ower.

197
00:09:58,880 --> 00:10:01,280
Speaker 12: Actually, the troit since came into the garden an NBA

198
00:10:01,360 --> 00:10:03,680
Speaker 12: worst eight and forty eight. This figured to be an

199
00:10:03,720 --> 00:10:05,800
Speaker 12: easy win for the next It was not. In fact,

200
00:10:05,840 --> 00:10:07,840
Speaker 12: they trailed on the waning seconds when there was a

201
00:10:07,880 --> 00:10:11,480
Speaker 12: wild sequence that included what the officials later admitted was

202
00:10:11,520 --> 00:10:14,839
Speaker 12: a missed call. Dante Devincenzo should have been whistled for

203
00:10:14,880 --> 00:10:17,360
Speaker 12: a loose ball foul. Detroit should have been at the

204
00:10:17,440 --> 00:10:20,040
Speaker 12: line up by one. Instead, it was a turnover that

205
00:10:20,200 --> 00:10:22,480
Speaker 12: led to Josh Hart's game winning layup with two seconds

206
00:10:22,559 --> 00:10:25,480
Speaker 12: left the Knicks one one thirteen to one eleven. Here

207
00:10:25,520 --> 00:10:27,640
Speaker 12: was Pistons coach Monty Williams after the.

208
00:10:27,600 --> 00:10:31,040
Speaker 13: Game, we had a chance to win the game and

209
00:10:31,080 --> 00:10:33,679
Speaker 13: the guy dove into a sar's legs and there was

210
00:10:33,720 --> 00:10:39,040
Speaker 13: a no call. That that's an abomination. You cannot miss

211
00:10:39,080 --> 00:10:41,559
Speaker 13: that in an NBA game, And I'm tired of talking

212
00:10:41,600 --> 00:10:44,959
Speaker 13: about it. I'm tired of our guys asking me what

213
00:10:45,040 --> 00:10:45,640
Speaker 13: more can we do?

214
00:10:45,760 --> 00:10:46,080
Speaker 4: Coach.

215
00:10:46,679 --> 00:10:50,640
Speaker 13: That situation is exhibit A to what we've been dealing

216
00:10:50,679 --> 00:10:51,440
Speaker 13: with all season.

217
00:10:51,480 --> 00:10:51,720
Speaker 4: Loss.

218
00:10:51,760 --> 00:10:54,440
Speaker 12: Jalen Brunson led the next thirty five points, Cade Cunningham

219
00:10:54,480 --> 00:10:57,240
Speaker 12: thirty two for Detroit and Memphis seven nets and double figures.

220
00:10:57,280 --> 00:11:00,880
Speaker 12: They won easily, won eleven to eighty six seventh wins

221
00:11:00,920 --> 00:11:03,040
Speaker 12: in late December, the first the new coach Kevin Ollie

222
00:11:03,040 --> 00:11:06,000
Speaker 12: in Dallas, Poe horvat Sjordan overtime, Islanders won three to

223
00:11:06,040 --> 00:11:07,960
Speaker 12: two in Seattle. The Bruins got a hat trick from

224
00:11:08,000 --> 00:11:11,520
Speaker 12: David Posternach but lost in a shootout. Colleges North Carolina

225
00:11:11,600 --> 00:11:14,240
Speaker 12: top Miami. And for the Tarios, R J. Davis forty

226
00:11:14,280 --> 00:11:17,880
Speaker 12: two points, the most ever scored at the Heels home arena,

227
00:11:17,920 --> 00:11:21,120
Speaker 12: and Tampa Nester Cortez, injured much the last season, took

228
00:11:21,160 --> 00:11:23,839
Speaker 12: them out, gave up seven hits in less than three innings.

229
00:11:23,880 --> 00:11:25,880
Speaker 12: The Yanks did beat the Twins. The Mets beat the

230
00:11:25,920 --> 00:11:29,640
Speaker 12: Nationals Grand Slam for Trace Thompson. That's Clay's younger brother.

231
00:11:29,920 --> 00:11:32,439
Speaker 12: First NFL team to give a player the franchise tag

232
00:11:32,600 --> 00:11:35,960
Speaker 12: Cincinnati and whiteout t Higgins. The Giants, who franchised Saquon

233
00:11:36,040 --> 00:11:38,720
Speaker 12: Barkley last year, could do it again, but are not

234
00:11:38,800 --> 00:11:40,800
Speaker 12: expected to, which would make him a free agent. The

235
00:11:40,880 --> 00:11:43,760
Speaker 12: NFL says it will not change the rule that when

236
00:11:43,760 --> 00:11:47,080
Speaker 12: a player fumbles into the end zone, the team loses possession.

237
00:11:47,080 --> 00:11:49,200
Speaker 12: It's only happened eight times in the last six years.

238
00:11:49,200 --> 00:11:52,400
Speaker 12: It did happen in a recent playoff game. John Stashiawer

239
00:11:52,440 --> 00:11:55,280
Speaker 12: Bloomberg Sports Nathan Okay, John, thank you. Let's get right

240
00:11:55,280 --> 00:11:57,479
Speaker 12: back down to the risk coming out of Washington.

241
00:11:57,160 --> 00:11:57,400
Speaker 13: D C.

242
00:11:57,559 --> 00:11:59,840
Speaker 1: We are just about three days away from the next

243
00:12:00,040 --> 00:12:03,120
Speaker 1: Martiall government shut down deadline, and today President Biden is

244
00:12:03,120 --> 00:12:05,520
Speaker 1: calling Congressional leaders to the White House to try to

245
00:12:05,520 --> 00:12:08,240
Speaker 1: get through the impass. But he's also got his own

246
00:12:08,280 --> 00:12:10,760
Speaker 1: re election in mind, the trips of the Southern border

247
00:12:10,840 --> 00:12:13,559
Speaker 1: later this week and stop at late night comedy last night.

248
00:12:13,600 --> 00:12:15,280
Speaker 1: So let's get into it all now. We're joined by

249
00:12:15,360 --> 00:12:19,040
Speaker 1: Terry Haynes, the founder of Pangea Policy. Terry, as we

250
00:12:19,080 --> 00:12:21,520
Speaker 1: await this White House meeting, where would you put the

251
00:12:21,640 --> 00:12:23,880
Speaker 1: risk of partial government shut down this morning?

252
00:12:25,000 --> 00:12:28,440
Speaker 7: Oh? I think it's not likely to happen just yet, Nathan.

253
00:12:28,559 --> 00:12:30,920
Speaker 7: You know, the one of the dynamics always is that,

254
00:12:31,760 --> 00:12:35,920
Speaker 7: you know, they the self created crises, is that they

255
00:12:35,960 --> 00:12:38,960
Speaker 7: go away, they come, they go away on a recess,

256
00:12:39,360 --> 00:12:41,720
Speaker 7: they come back. It takes them a little while to

257
00:12:41,720 --> 00:12:44,160
Speaker 7: figure out how to shuffle the cards and uh and

258
00:12:44,280 --> 00:12:49,679
Speaker 7: start playing the game again. And short term funding extensions

259
00:12:49,679 --> 00:12:53,800
Speaker 7: have already been bandied around in the House. You know,

260
00:12:53,880 --> 00:12:56,440
Speaker 7: the situation is very volatile, but I would expect there

261
00:12:56,480 --> 00:12:59,800
Speaker 7: to be a little bit of a little bit of

262
00:12:59,840 --> 00:13:03,120
Speaker 7: an extension before they get to it. I would never

263
00:13:03,200 --> 00:13:08,280
Speaker 7: underestimate the minority of House Republicans that I always call

264
00:13:08,320 --> 00:13:11,680
Speaker 7: the purists, wanting to have a government shut down while

265
00:13:11,720 --> 00:13:14,600
Speaker 7: the president's delivering a State of the Union address. But

266
00:13:14,679 --> 00:13:19,280
Speaker 7: I think that's probably less likely right now, So I

267
00:13:19,360 --> 00:13:21,360
Speaker 7: think we'll get a little bit of kicking a can

268
00:13:21,520 --> 00:13:23,040
Speaker 7: before they get down to brass tacks.

269
00:13:23,600 --> 00:13:27,119
Speaker 1: So is the bigger deadline than this April thirtieth deadline

270
00:13:27,160 --> 00:13:30,480
Speaker 1: when we get across the board spending cuts, doesn't that

271
00:13:30,640 --> 00:13:34,120
Speaker 1: become more likely a scenario that we just get to

272
00:13:34,160 --> 00:13:35,160
Speaker 1: that point.

273
00:13:36,000 --> 00:13:43,400
Speaker 7: Absolutely what the purists who paradoxically are doing more a

274
00:13:43,480 --> 00:13:46,240
Speaker 7: little bit more of what markets might want than anybody else,

275
00:13:46,280 --> 00:13:50,400
Speaker 7: because they're actually interested in cutting spending and at least

276
00:13:50,440 --> 00:13:52,640
Speaker 7: looking like they're trying to get a fiscal handle on things.

277
00:13:53,640 --> 00:13:55,439
Speaker 7: Not much of one, but a little bit is better

278
00:13:55,480 --> 00:13:59,360
Speaker 7: than a little bit is distinguished from nothing. They have

279
00:13:59,440 --> 00:14:01,880
Speaker 7: to basically have to do nothing, and they run up

280
00:14:01,880 --> 00:14:06,360
Speaker 7: against this April thirtieth one percent cut across the board deadline,

281
00:14:06,360 --> 00:14:10,400
Speaker 7: as you suggest, so it becomes they think their leverage

282
00:14:10,480 --> 00:14:13,679
Speaker 7: grows the longer this goes on. And that's another reason

283
00:14:13,679 --> 00:14:16,040
Speaker 7: why I think they probably kicked the can a little

284
00:14:16,080 --> 00:14:16,360
Speaker 7: bit more.

285
00:14:17,160 --> 00:14:19,560
Speaker 1: We heard from the President yesterday that he's hopeful that

286
00:14:19,640 --> 00:14:22,800
Speaker 1: a ceasefire could be coming in Gaza by Monday. We've

287
00:14:22,800 --> 00:14:27,240
Speaker 1: talked before about the difficulties that the President faces with

288
00:14:27,360 --> 00:14:30,760
Speaker 1: his own base when it comes to his support for Israel.

289
00:14:30,800 --> 00:14:32,440
Speaker 1: How could that play into what we see in the

290
00:14:32,480 --> 00:14:35,640
Speaker 1: Michigan primary later today, with a state that has a

291
00:14:35,640 --> 00:14:37,680
Speaker 1: pretty sizable Arab American population.

292
00:14:38,760 --> 00:14:43,280
Speaker 7: Well, you've you've hit exactly on what the why the

293
00:14:43,320 --> 00:14:46,520
Speaker 7: President all of a sudden is interested in providing Gaza

294
00:14:46,560 --> 00:14:50,360
Speaker 7: ceasefire updates. You know, my view of this is pretty simple.

295
00:14:51,200 --> 00:14:55,120
Speaker 7: You know, the President faces today in Michigan the possibility

296
00:14:55,520 --> 00:14:58,720
Speaker 7: of having people vote uncommitted, meaning they're not going to

297
00:14:58,760 --> 00:15:00,640
Speaker 7: vote for him or for anybody else, They're going to

298
00:15:00,680 --> 00:15:05,320
Speaker 7: vote uncommitted. If that uncommitted reaches say, ten percent of

299
00:15:05,360 --> 00:15:09,440
Speaker 7: the Michigan electorate, and that's certainly possible. You know, not

300
00:15:09,480 --> 00:15:12,680
Speaker 7: even the governor of the state is saying, who's a Democrat,

301
00:15:12,760 --> 00:15:16,440
Speaker 7: is saying that, you know, she thinks it's likely to

302
00:15:16,480 --> 00:15:19,280
Speaker 7: be a tiny protest vote or anything like that. If

303
00:15:19,320 --> 00:15:22,640
Speaker 7: it reaches double digits, that's going to shake the White

304
00:15:22,680 --> 00:15:25,040
Speaker 7: House a little bit. I think the President would be

305
00:15:25,120 --> 00:15:27,840
Speaker 7: very well served both this week and next week in

306
00:15:27,880 --> 00:15:30,880
Speaker 7: the State of the Union, by you know, laying out

307
00:15:30,880 --> 00:15:33,800
Speaker 7: exactly who were for, what we're for, and why we're for,

308
00:15:34,000 --> 00:15:38,160
Speaker 7: both on Israel and Ukraine and Taiwan. This White House

309
00:15:38,160 --> 00:15:41,040
Speaker 7: doesn't do that very much, but that time is nigh

310
00:15:41,040 --> 00:15:43,680
Speaker 7: for him, both as a president and as a candidate.

311
00:15:44,040 --> 00:15:46,120
Speaker 1: Just got thirty seconds left, Terry. But we heard the

312
00:15:46,160 --> 00:15:48,960
Speaker 1: President take on the age question on late night TV

313
00:15:49,120 --> 00:15:50,760
Speaker 1: last night. What did you make of a framing that

314
00:15:50,800 --> 00:15:52,520
Speaker 1: it's not about how old you are, but about how

315
00:15:52,560 --> 00:15:53,920
Speaker 1: old your ideas are.

316
00:15:55,160 --> 00:16:00,320
Speaker 7: Well, you know, you got to You got to with

317
00:16:00,360 --> 00:16:02,840
Speaker 7: what you got, and that's what he's got. So that's

318
00:16:02,840 --> 00:16:06,400
Speaker 7: what he's leading with. But I'd urge the White House

319
00:16:06,400 --> 00:16:08,560
Speaker 7: to work on the message a little bit because his

320
00:16:08,680 --> 00:16:11,400
Speaker 7: next comment is, of course, the idea is the ideas

321
00:16:11,880 --> 00:16:15,200
Speaker 7: are that he's defending our old two they've been around

322
00:16:15,200 --> 00:16:17,560
Speaker 7: fifty sixty years. I think was the clip you guys

323
00:16:17,640 --> 00:16:21,360
Speaker 7: just ran, so the and I'm not criticizing his defense

324
00:16:21,400 --> 00:16:24,440
Speaker 7: of them. I'm just saying, you know, it's nice to

325
00:16:24,440 --> 00:16:26,040
Speaker 7: be on television, but you got to do a little

326
00:16:26,080 --> 00:16:26,640
Speaker 7: bit more than that.

327
00:16:29,840 --> 00:16:32,880
Speaker 1: This is Bloomberg Daybreak today, your morning brief on the

328
00:16:32,920 --> 00:16:36,479
Speaker 1: story's making news from Wall Street to Washington and beyond.

329
00:16:36,520 --> 00:16:39,520
Speaker 2: Look for us on your podcast feed by six am

330
00:16:39,680 --> 00:16:43,840
Speaker 2: Eastern each morning, on Apple, Spotify, and anywhere else you

331
00:16:43,920 --> 00:16:45,040
Speaker 2: get your podcasts.

332
00:16:45,280 --> 00:16:48,000
Speaker 1: You can also listen live each morning starting at five

333
00:16:48,040 --> 00:16:50,600
Speaker 1: am Wall Street time on Bloomberg eleven three to zero

334
00:16:50,680 --> 00:16:53,560
Speaker 1: in New York, Bloomberg ninety nine to one in Washington,

335
00:16:53,640 --> 00:16:56,840
Speaker 1: Bloomberg one six to one in Boston, and Bloomberg ninety

336
00:16:56,840 --> 00:16:58,240
Speaker 1: sixty in San Francisco.

337
00:16:58,440 --> 00:17:01,960
Speaker 2: Our flagship New York State is also available on your

338
00:17:02,040 --> 00:17:07,520
Speaker 2: Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus.

339
00:17:07,640 --> 00:17:12,520
Speaker 1: Listen coast to coast on the Bloomberg Business app, Siriusxmbiheartradio app,

340
00:17:12,560 --> 00:17:14,240
Speaker 1: and on Bloomberg dot com.

341
00:17:14,280 --> 00:17:17,720
Speaker 2: I'm Nathan Hager, and I maybe Morris. Join us again

342
00:17:17,760 --> 00:17:20,680
Speaker 2: tomorrow morning for all the news you need to start

343
00:17:20,720 --> 00:17:23,440
Speaker 2: your day right here on Bloomberg Daybreak