1
00:00:02,480 --> 00:00:03,040
Speaker 1: Good morning.

2
00:00:03,080 --> 00:00:06,040
Speaker 2: I'm Nathan Hager and I'm Amy Morris. Here are the

3
00:00:06,080 --> 00:00:07,680
Speaker 2: stories we're following today.

4
00:00:08,119 --> 00:00:10,240
Speaker 3: We begin this morning with the latest in the twenty

5
00:00:10,320 --> 00:00:12,920
Speaker 3: twenty four presidential race. On this morning, after the New

6
00:00:12,920 --> 00:00:16,400
Speaker 3: Hampshire primary and another big night for Donald Trump, with

7
00:00:16,560 --> 00:00:19,240
Speaker 3: ninety one percent of the votes counted, The former president

8
00:00:19,280 --> 00:00:22,280
Speaker 3: won the Granite state with fifty four point eight percent

9
00:00:22,320 --> 00:00:25,560
Speaker 3: of the vote to Nikki Haley's forty three point two percent.

10
00:00:25,840 --> 00:00:27,760
Speaker 3: But Haley is vowing to press on.

11
00:00:28,400 --> 00:00:32,199
Speaker 4: Now you've all heard the chatter among the political class.

12
00:00:32,760 --> 00:00:37,240
Speaker 4: They're falling all over themselves saying this race is over. Well,

13
00:00:37,320 --> 00:00:42,400
Speaker 4: I have news for all of them. New Hampshire is

14
00:00:42,600 --> 00:00:45,400
Speaker 4: first in the nation. It is not the last in

15
00:00:45,520 --> 00:00:45,840
Speaker 4: the nation.

16
00:00:47,159 --> 00:00:50,640
Speaker 3: Nikki Haley gave her concession speech shortly after the polls closed,

17
00:00:50,640 --> 00:00:52,640
Speaker 3: but Trump didn't see it as a concession.

18
00:00:53,040 --> 00:00:55,840
Speaker 5: This is not your typical victory speech. But let's not

19
00:00:56,040 --> 00:00:59,400
Speaker 5: have somebody take a victory when she had a very

20
00:00:59,400 --> 00:01:00,600
Speaker 5: bad night.

21
00:01:00,720 --> 00:01:03,320
Speaker 3: She had a very bad night. Now, former President Donald

22
00:01:03,320 --> 00:01:05,520
Speaker 3: Trump is now looking ahead to a general election, telling

23
00:01:05,560 --> 00:01:08,520
Speaker 3: his supporters if they don't win in November, quote, I

24
00:01:08,560 --> 00:01:10,120
Speaker 3: think the country is finished.

25
00:01:10,840 --> 00:01:13,760
Speaker 2: But the next major contest in the Republican race is

26
00:01:13,800 --> 00:01:17,120
Speaker 2: in Nicki Haley's home state of South Carolina. Bloomberg Political

27
00:01:17,160 --> 00:01:20,360
Speaker 2: contributor Rick Davis says things could get ugly.

28
00:01:20,400 --> 00:01:21,600
Speaker 3: If she doesn't get out.

29
00:01:21,760 --> 00:01:25,240
Speaker 6: She will face the most brutal assault on her campaign

30
00:01:25,480 --> 00:01:29,000
Speaker 6: in South Carolina that you'll ever see. All of MAGA

31
00:01:29,000 --> 00:01:32,240
Speaker 6: will descend upon that state and they will brook nothing

32
00:01:32,600 --> 00:01:35,280
Speaker 6: for her in this regard. So we've already seen how

33
00:01:35,319 --> 00:01:36,840
Speaker 6: he plays, and he plays hardball.

34
00:01:37,240 --> 00:01:41,240
Speaker 2: Bloomberg Politics contributor Rick Davis says Haley trails Trump in

35
00:01:41,280 --> 00:01:44,679
Speaker 2: South Carolina by about thirty percentage points in the Real

36
00:01:44,760 --> 00:01:48,240
Speaker 2: Clear Politics average. As for the Democrats New Hampshire primary,

37
00:01:48,320 --> 00:01:51,280
Speaker 2: President Biden won that pretty easily, even though he wasn't

38
00:01:51,320 --> 00:01:53,760
Speaker 2: even on the ballot. He fended off a challenge from

39
00:01:53,800 --> 00:01:57,120
Speaker 2: Minnesota Congressman Dean Phillips with a write in campaign with

40
00:01:57,240 --> 00:01:59,320
Speaker 2: eighty nine percent of the vote count and the President

41
00:01:59,360 --> 00:02:01,560
Speaker 2: took fifty one ze point four percent of the vote.

42
00:02:01,640 --> 00:02:05,040
Speaker 2: Phillips is a distant second with nineteen point eight percent.

43
00:02:05,240 --> 00:02:07,320
Speaker 3: Now let's get to the latest developments in the Middle East.

44
00:02:07,320 --> 00:02:10,040
Speaker 3: Amy US forces have carried out air strikes against in

45
00:02:10,120 --> 00:02:13,160
Speaker 3: Iran backed militia in Iraq. That's after the group attacked

46
00:02:13,160 --> 00:02:15,799
Speaker 3: an air base where US troops are stationed. Meanwhile, the

47
00:02:15,800 --> 00:02:19,280
Speaker 3: Wall Street journals reporting Hamas has told international mediators it's

48
00:02:19,360 --> 00:02:21,880
Speaker 3: open to discussing a deal to release some of the

49
00:02:21,919 --> 00:02:25,440
Speaker 3: kidnapped Israelis. It's holding hostage in exchange for a significant

50
00:02:25,480 --> 00:02:26,400
Speaker 3: pause in fighting.

51
00:02:27,000 --> 00:02:29,240
Speaker 2: Bill Ackman and his wife have made their first major

52
00:02:29,280 --> 00:02:32,440
Speaker 2: investment in Israel since the war with Hamas began. The

53
00:02:32,520 --> 00:02:34,959
Speaker 2: couple is buying a five percent stake in the Tel

54
00:02:34,960 --> 00:02:39,000
Speaker 2: Aviv Stock Exchange for about seventeen million dollars. Ackman has

55
00:02:39,040 --> 00:02:41,760
Speaker 2: been a vocal critic against the rise in anti Semitism

56
00:02:41,880 --> 00:02:42,760
Speaker 2: since the war.

57
00:02:42,760 --> 00:02:45,200
Speaker 3: And back here in the Usamy, the CEO of Alaska

58
00:02:45,200 --> 00:02:48,160
Speaker 3: air says he is disappointed and angry with the standard

59
00:02:48,240 --> 00:02:52,280
Speaker 3: of Boeing's quality control. The planemaker's facing deep scrutiny from

60
00:02:52,320 --> 00:02:55,400
Speaker 3: regulators and customers after the midair blowout of a door

61
00:02:55,440 --> 00:02:58,720
Speaker 3: panel on an Alaska Airline's flight. In an exclusive interview

62
00:02:58,720 --> 00:03:02,960
Speaker 3: with NBC, en Minicucci said the company's found many more

63
00:03:03,120 --> 00:03:04,440
Speaker 3: loose bolts since then.

64
00:03:05,040 --> 00:03:09,240
Speaker 7: We found some loose bolts on many of our max lines.

65
00:03:09,800 --> 00:03:14,839
Speaker 7: It makes you mad. Common makes you mad that we're

66
00:03:14,880 --> 00:03:17,480
Speaker 7: finding issues like that on brandwaar planes.

67
00:03:18,080 --> 00:03:21,919
Speaker 3: Alaska Air CEO Ben Minicucci's comments come after United Airlines

68
00:03:21,960 --> 00:03:25,480
Speaker 3: CEO Scott Kirby said he's dropping Boeing's Max ten jet

69
00:03:25,560 --> 00:03:28,720
Speaker 3: from the airline's internal plan. The carrier hasn't canceled its order,

70
00:03:28,760 --> 00:03:31,040
Speaker 3: but says it's no longer counting on the largest seven

71
00:03:31,160 --> 00:03:33,360
Speaker 3: thirty seven Max model as part of its fleet. In

72
00:03:33,400 --> 00:03:36,120
Speaker 3: a statement, Boeing says, quote, we are taking action on

73
00:03:36,160 --> 00:03:39,640
Speaker 3: a comprehensive plan to bring these airplanes safely back to service.

74
00:03:40,240 --> 00:03:43,400
Speaker 2: Turning to the markets now, futures are higher following another

75
00:03:43,520 --> 00:03:47,480
Speaker 2: record close for US stocks. Also helping boost stocks around

76
00:03:47,480 --> 00:03:51,000
Speaker 2: the world China's latest move to stimulate its economy, the

77
00:03:51,000 --> 00:03:53,280
Speaker 2: People's Bank of China said it would cut the reserve

78
00:03:53,320 --> 00:03:54,840
Speaker 2: requirement ratio for banks.

79
00:03:55,160 --> 00:03:59,120
Speaker 3: He's also getting a boost from Netflix after earnings. That

80
00:03:59,200 --> 00:04:03,280
Speaker 3: stock is up ten percent in early trading. Streaming giants

81
00:04:03,280 --> 00:04:06,119
Speaker 3: saw it's fastest growth in subscriber numbers since the pandemic,

82
00:04:06,200 --> 00:04:09,200
Speaker 3: signing up thirteen point one million viewers in the last

83
00:04:09,200 --> 00:04:12,640
Speaker 3: three months of twenty twenty three. Co CEO Ted Sarandos

84
00:04:12,680 --> 00:04:14,640
Speaker 3: is helping to boost ad revenue further.

85
00:04:15,000 --> 00:04:17,240
Speaker 8: Live event programming is something we've talked about for quite

86
00:04:17,240 --> 00:04:19,120
Speaker 8: a while, and this has been in the works, so

87
00:04:19,360 --> 00:04:21,400
Speaker 8: used to look at this as fits inside of our

88
00:04:21,600 --> 00:04:24,440
Speaker 8: seventeen million dollar programming spend. Now I would not look

89
00:04:24,480 --> 00:04:27,359
Speaker 8: at this as a signal of any other change or

90
00:04:27,400 --> 00:04:29,200
Speaker 8: any change to our sports strategy.

91
00:04:29,360 --> 00:04:31,960
Speaker 3: In Those comments from Ted Surandos came after Netflix announced

92
00:04:32,000 --> 00:04:34,279
Speaker 3: a ten year deal to offer live programming from World

93
00:04:34,279 --> 00:04:38,279
Speaker 3: Wrestling Entertainments starting next year. The platform strong performances in

94
00:04:38,320 --> 00:04:42,279
Speaker 3: contrast to many competitors. They're operating shrinking cable networks and

95
00:04:42,600 --> 00:04:45,200
Speaker 3: unprofitable streaming services, and on.

96
00:04:45,160 --> 00:04:48,480
Speaker 2: The flip side, shares of Texas Instruments are down more

97
00:04:48,560 --> 00:04:51,760
Speaker 2: than three percent in early trading. The chip maker gave

98
00:04:51,839 --> 00:04:55,320
Speaker 2: a disappointing quarterly forecast, indicating that a slump in demand

99
00:04:55,400 --> 00:04:58,719
Speaker 2: for industrial and automotive electronic components is dragging on.

100
00:04:59,000 --> 00:05:02,440
Speaker 3: Elsewhere in the text, doctor Amy eBay is cutting about

101
00:05:02,440 --> 00:05:04,520
Speaker 3: one thousand jobs, and we get more on that from

102
00:05:04,520 --> 00:05:05,680
Speaker 3: Bloomberg's Doug Prisner.

103
00:05:05,960 --> 00:05:09,599
Speaker 9: eBay says staffing and expenses have outpaced growth and the

104
00:05:09,640 --> 00:05:11,840
Speaker 9: company needs to be more nimble in the face of

105
00:05:11,880 --> 00:05:16,080
Speaker 9: a challenging economic environment. More broadly, eBay says it's implementing

106
00:05:16,240 --> 00:05:20,640
Speaker 9: organizational changes to align and consolidate certain teams to improve

107
00:05:20,720 --> 00:05:22,120
Speaker 9: the end to end experience.

108
00:05:22,320 --> 00:05:22,480
Speaker 10: Now.

109
00:05:22,480 --> 00:05:25,120
Speaker 9: The job cuts equate to nine percent of eBay's full

110
00:05:25,160 --> 00:05:28,159
Speaker 9: time workforce. The company also intends to reduce work for

111
00:05:28,240 --> 00:05:31,799
Speaker 9: outside contractors. This is the second round of job cuts

112
00:05:31,839 --> 00:05:33,080
Speaker 9: at eBay in a year.

113
00:05:33,320 --> 00:05:33,839
Speaker 5: In New York.

114
00:05:33,839 --> 00:05:35,320
Speaker 9: I'm Doug Prisoner, Bloomberg Radio.

115
00:05:35,800 --> 00:05:38,880
Speaker 2: All right, thank you, Doug. German software company SAP says

116
00:05:38,920 --> 00:05:42,880
Speaker 2: it's planning a restructuring that will affect about eight thousand jobs.

117
00:05:43,240 --> 00:05:47,039
Speaker 2: It's planning to increase its focus on artificial intelligence. That

118
00:05:47,160 --> 00:05:54,640
Speaker 2: stock up almost seven percent. This morning, Tom Now for

119
00:05:54,760 --> 00:05:56,919
Speaker 2: a look at some of the other stories making news

120
00:05:56,960 --> 00:05:59,040
Speaker 2: around the world, and for that we are joined by

121
00:05:59,040 --> 00:06:00,320
Speaker 2: Bloomberg's Johnt Locker.

122
00:06:00,400 --> 00:06:03,760
Speaker 11: Good morning, Johnny, and good morning Amy Worth. This morning,

123
00:06:03,800 --> 00:06:07,680
Speaker 11: that a Russian transport plane has crashed near Ukraine. Russia's

124
00:06:07,680 --> 00:06:11,880
Speaker 11: Defense ministry says it carried sixty five Ukrainian prisoners of war.

125
00:06:12,440 --> 00:06:15,440
Speaker 11: It's not immediately clear what caused the crash. Also not

126
00:06:15,560 --> 00:06:19,280
Speaker 11: known if anybody survived. Ukraine is marking the seven hundredth

127
00:06:19,360 --> 00:06:22,800
Speaker 11: day since the full scale invasion by Krumlin forces started.

128
00:06:23,279 --> 00:06:26,760
Speaker 11: White House officials say they are actively engaged in negotiating

129
00:06:26,800 --> 00:06:31,000
Speaker 11: another ceasefire between Israel and Hamas that story from Bloomberg's

130
00:06:31,040 --> 00:06:32,279
Speaker 11: Nancy lyons.

131
00:06:33,160 --> 00:06:35,679
Speaker 12: The idea is to pause the fighting so there would

132
00:06:35,680 --> 00:06:39,000
Speaker 12: be safe passage for the remaining hostages to return home.

133
00:06:39,520 --> 00:06:43,119
Speaker 12: National Security Council spokesman John Kirby says the US would

134
00:06:43,160 --> 00:06:45,479
Speaker 12: support a longer cease fire that would.

135
00:06:45,360 --> 00:06:47,760
Speaker 5: Give us the opportunity to get hostages out and get

136
00:06:47,760 --> 00:06:48,320
Speaker 5: more aid in.

137
00:06:49,680 --> 00:06:53,320
Speaker 6: We would absolutely support humanitarian pause of a longer length

138
00:06:53,360 --> 00:06:55,200
Speaker 6: than the week that we were able to accomplish.

139
00:06:55,240 --> 00:06:58,080
Speaker 12: Absolutely, we would, Kirby says. The White House Mid East

140
00:06:58,120 --> 00:07:01,200
Speaker 12: and North Africa Coordinator Brett mcgoer is in the region

141
00:07:01,279 --> 00:07:05,919
Speaker 12: right now, engaged in talks in Washington. Nancy lyons Bloomberg Radio.

142
00:07:06,040 --> 00:07:10,280
Speaker 11: President Biden Advice President Kamala Harris focused on reproductive rights

143
00:07:10,280 --> 00:07:14,000
Speaker 11: at a rally in Manassa's, Virginia yesterday. Here's President Biden

144
00:07:14,080 --> 00:07:15,760
Speaker 11: during his remarks.

145
00:07:15,280 --> 00:07:18,080
Speaker 12: As long as I have power of the presidency, know this,

146
00:07:18,800 --> 00:07:21,600
Speaker 12: if conquerors are to pass a national abortion bent, I

147
00:07:21,840 --> 00:07:22,840
Speaker 12: will veto it.

148
00:07:23,160 --> 00:07:26,960
Speaker 11: Democrats recently took control of the legislature in Virginia and

149
00:07:27,040 --> 00:07:31,600
Speaker 11: a proposed to enshrine abortion protections in the state constitution. Apple,

150
00:07:31,720 --> 00:07:34,240
Speaker 11: reaching a bank or break point in its decade old

151
00:07:34,280 --> 00:07:36,720
Speaker 11: effort to build a car, has now pivoted to a

152
00:07:36,800 --> 00:07:41,760
Speaker 11: less ambitious design, and were previously envisioning a truly driverless car.

153
00:07:42,040 --> 00:07:44,320
Speaker 11: The company is now working on an evy with more

154
00:07:44,520 --> 00:07:47,920
Speaker 11: limited features. With the latest changes, the company looks to

155
00:07:47,960 --> 00:07:51,760
Speaker 11: introduce the car in twenty twenty eight at the earliest.

156
00:07:52,200 --> 00:07:56,160
Speaker 11: And Donald Trump's expected testimony in Ejene Carroll's defamation trial

157
00:07:56,160 --> 00:07:58,880
Speaker 11: against him has been delayed for a third time. This

158
00:07:59,040 --> 00:08:02,000
Speaker 11: comes after a juror fell Ill and the former president's

159
00:08:02,080 --> 00:08:06,560
Speaker 11: legal team reported COVID exposures at a recent dinner. US

160
00:08:06,640 --> 00:08:09,240
Speaker 11: District Judge Louis Kaplan issued a brief order saying the

161
00:08:09,280 --> 00:08:13,200
Speaker 11: trial won't take place in Manhattan today as planned. Global

162
00:08:13,240 --> 00:08:15,640
Speaker 11: News twenty four homers a day and whenever you want

163
00:08:15,680 --> 00:08:18,720
Speaker 11: it with Bloomberg News. Now, I'm John Tucker, and this

164
00:08:18,800 --> 00:08:19,960
Speaker 11: he is Bloomberg Amy.

165
00:08:20,040 --> 00:08:22,080
Speaker 2: All right, thank you, John, and we bring you news

166
00:08:22,120 --> 00:08:25,400
Speaker 2: throughout the day here on Bloomberg Radio. But now you

167
00:08:25,440 --> 00:08:28,400
Speaker 2: can get the latest news on demand whenever you want it.

168
00:08:28,800 --> 00:08:31,800
Speaker 2: Subscribe to Bloomberg News Now to get the latest headlines

169
00:08:31,800 --> 00:08:35,200
Speaker 2: at the click of a button. Get informed on your schedule.

170
00:08:35,480 --> 00:08:38,200
Speaker 2: You can listen and subscribe to Bloomberg News Now on

171
00:08:38,240 --> 00:08:42,520
Speaker 2: the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify,

172
00:08:42,640 --> 00:08:50,120
Speaker 2: and anywhere else you get your podcasts. Time now for

173
00:08:50,160 --> 00:08:52,440
Speaker 2: our Bloomberg Sports Update, and for that we bring in

174
00:08:52,520 --> 00:08:54,280
Speaker 2: John stash hour Amy.

175
00:08:54,360 --> 00:08:56,480
Speaker 13: The day began with the Milwaukee Bucks with a record

176
00:08:56,480 --> 00:08:58,840
Speaker 13: of thirty and thirteen, tied for the second best in

177
00:08:58,880 --> 00:09:02,040
Speaker 13: the NBA, and then the Bucks shockingly fired their coach,

178
00:09:02,120 --> 00:09:04,880
Speaker 13: Adrian Griffin, who was in his first year on the job.

179
00:09:04,960 --> 00:09:07,560
Speaker 13: Assistant Joe Prunt he take it over on an interim basis.

180
00:09:07,559 --> 00:09:10,440
Speaker 13: But Turner Sports reported last night that the new coach

181
00:09:10,440 --> 00:09:12,880
Speaker 13: of the Bucks will beat Doc Rivers. It'll be the

182
00:09:12,960 --> 00:09:16,080
Speaker 13: fifth different team that Rivers has coached in the NBA.

183
00:09:16,240 --> 00:09:18,800
Speaker 13: Knicks game from ten down and beat the Nets. Nicks

184
00:09:18,800 --> 00:09:21,120
Speaker 13: for ten and two since they made that big trade

185
00:09:21,120 --> 00:09:24,079
Speaker 13: with Toronto, Nets have lost eleven of the last thirteen.

186
00:09:24,120 --> 00:09:26,199
Speaker 13: Denver got thirty one points, a triple double from Nicola

187
00:09:26,240 --> 00:09:29,360
Speaker 13: jokicch and a win at Indiana New Orleans shot fifty

188
00:09:29,440 --> 00:09:32,959
Speaker 13: eight percent outscored UTAH one fifty three to one. Twenty four.

189
00:09:33,240 --> 00:09:36,559
Speaker 13: The Lakers played without Lebron James, fell back under five hundred,

190
00:09:36,640 --> 00:09:41,000
Speaker 13: losing in LA to the Clippers. Capitol's lost at Minnesota

191
00:09:41,080 --> 00:09:44,000
Speaker 13: five to three. Danil Medvedev won a five set match

192
00:09:44,240 --> 00:09:48,440
Speaker 13: over Poland's Hubert Herkis. Medvedev into the semifinals at the

193
00:09:48,480 --> 00:09:52,840
Speaker 13: Australian Open has expected. Adrian Beltre cruised into the Baseball

194
00:09:52,880 --> 00:09:54,600
Speaker 13: Hall of Fame in his first year on the ballot.

195
00:09:54,800 --> 00:09:57,160
Speaker 13: A twenty one year career with five teams, mostly with

196
00:09:57,240 --> 00:10:01,520
Speaker 13: Texas great hitter and a terrific fielding third baseman. Joe

197
00:10:01,559 --> 00:10:04,040
Speaker 13: Mauer also makes it in his first year on the ballot.

198
00:10:04,160 --> 00:10:07,679
Speaker 13: A three time batting champion, spent his entire career with Minnesota.

199
00:10:08,040 --> 00:10:10,880
Speaker 13: Todd heldon that of three sixteen career average his entire

200
00:10:10,920 --> 00:10:14,320
Speaker 13: career spent with Colorado helped invade it as well. The

201
00:10:14,520 --> 00:10:17,960
Speaker 13: Las Vegas Raiders have named Tom Telesco their new general manager,

202
00:10:18,040 --> 00:10:21,240
Speaker 13: had just been recently fired by the Chargers. John Stashyt

203
00:10:21,320 --> 00:10:22,400
Speaker 13: were Bloomberg.

204
00:10:21,960 --> 00:10:28,880
Speaker 5: Sports from coast to coast, from New York to San Francisco, Boston,

205
00:10:28,960 --> 00:10:33,760
Speaker 5: to Washington, DC, nationwide on SYRIASXAM, the Bloomberg Business app,

206
00:10:33,760 --> 00:10:37,280
Speaker 5: and Bloomberg dot Com. This is Bloomberg Daybreak.

207
00:10:38,600 --> 00:10:39,040
Speaker 11: Good morning.

208
00:10:39,120 --> 00:10:42,200
Speaker 3: I'm Nathan Hager. Donald Trump is a step closer to

209
00:10:42,320 --> 00:10:46,920
Speaker 3: clinching the Republican presidential nomination after a decisive win in

210
00:10:46,960 --> 00:10:49,520
Speaker 3: the first in the nation New Hampshire primary, and now

211
00:10:49,559 --> 00:10:52,800
Speaker 3: the former president is looking past Nicky Haley to the

212
00:10:52,880 --> 00:10:53,640
Speaker 3: general election.

213
00:10:54,160 --> 00:10:57,240
Speaker 13: We have no choice if we don't win, I think

214
00:10:57,280 --> 00:10:58,440
Speaker 13: our country has finished.

215
00:10:58,920 --> 00:11:00,400
Speaker 14: I do I believe if our.

216
00:11:00,320 --> 00:11:01,280
Speaker 13: Country is finished.

217
00:11:01,600 --> 00:11:04,439
Speaker 3: Former President gave his victory speech last night, but Nicki

218
00:11:04,520 --> 00:11:07,120
Speaker 3: Haley is vowing to press on to her home state

219
00:11:07,160 --> 00:11:10,760
Speaker 3: of South Carolina, where the contest could get even tougher.

220
00:11:10,960 --> 00:11:14,120
Speaker 3: Let's check in first with New Hampshire. Joining us once again.

221
00:11:14,160 --> 00:11:19,400
Speaker 3: From Manchester is Bloomberg News Politics reporter Laura Davison. Laura,

222
00:11:19,400 --> 00:11:22,640
Speaker 3: they called this race pretty early. Did the vote just

223
00:11:22,760 --> 00:11:27,000
Speaker 3: pretty much break Trump's way all the way?

224
00:11:27,120 --> 00:11:27,360
Speaker 14: Yeah?

225
00:11:27,360 --> 00:11:29,640
Speaker 10: They called it, you know, basically as soon as they could,

226
00:11:29,720 --> 00:11:33,160
Speaker 10: as after all the polls in the state closed, and

227
00:11:33,200 --> 00:11:35,439
Speaker 10: in looking at the data that came in, you know,

228
00:11:35,640 --> 00:11:39,240
Speaker 10: Trump just led by a margin that was big enough

229
00:11:39,240 --> 00:11:41,760
Speaker 10: that they felt comfortable calling it, and as the results

230
00:11:41,760 --> 00:11:45,440
Speaker 10: continued to roll in all night, that held Nicky Haley

231
00:11:45,520 --> 00:11:48,360
Speaker 10: needed to either win or come really really close. You know,

232
00:11:48,400 --> 00:11:50,920
Speaker 10: someone compared it to as she needed to be within

233
00:11:51,000 --> 00:11:55,720
Speaker 10: three points within a field goal of Donald Trump, and

234
00:11:55,720 --> 00:11:58,160
Speaker 10: that just never happened. She was, you know, behind him.

235
00:11:58,200 --> 00:11:59,960
Speaker 10: You know, they're still finalizing some of the data, but

236
00:12:00,679 --> 00:12:03,120
Speaker 10: she was. You know, it's a you know, somewhere between

237
00:12:03,280 --> 00:12:06,160
Speaker 10: eight nine percent trailing Donald Trump. And it's just not

238
00:12:06,280 --> 00:12:08,360
Speaker 10: what she needed to be able to prove to voters

239
00:12:08,640 --> 00:12:10,880
Speaker 10: in South Carolina and beyond that she has what it

240
00:12:10,920 --> 00:12:12,600
Speaker 10: takes to be able to beat the former president.

241
00:12:13,080 --> 00:12:16,880
Speaker 3: What happened to that moderate and independent vote that some

242
00:12:17,080 --> 00:12:20,240
Speaker 3: analysts were saying might break Nikki Haley's way last night?

243
00:12:21,360 --> 00:12:23,520
Speaker 10: So she got a lot of that, but not enough

244
00:12:23,559 --> 00:12:26,120
Speaker 10: to count. The thing that is tricky about that moderate

245
00:12:26,120 --> 00:12:29,720
Speaker 10: and independent vote in New Hampshire is that they're they're

246
00:12:29,800 --> 00:12:33,200
Speaker 10: notoriously hard to pull. You know that if you're an

247
00:12:33,240 --> 00:12:35,400
Speaker 10: independent in New Hampshire, you can go in and decide

248
00:12:35,400 --> 00:12:38,280
Speaker 10: whether you want to vote in a Republican or a

249
00:12:38,280 --> 00:12:41,800
Speaker 10: Democratic race. You know, we did see way way more

250
00:12:41,840 --> 00:12:44,160
Speaker 10: interest in the Republican race last night, That is where

251
00:12:44,160 --> 00:12:46,520
Speaker 10: the action was. But there was also a little bit

252
00:12:46,559 --> 00:12:48,760
Speaker 10: of drama on the Democratic side and that you didn't

253
00:12:48,760 --> 00:12:52,080
Speaker 10: have Joe Biden on the ballot and said you had

254
00:12:52,360 --> 00:12:55,040
Speaker 10: Dean Phillips who was sort of a Biden challenger. So

255
00:12:55,400 --> 00:12:58,800
Speaker 10: that didn't help her in having some moderates and Democrats

256
00:12:58,800 --> 00:13:01,280
Speaker 10: who were either maybe interested in Phillips or you know,

257
00:13:01,320 --> 00:13:03,080
Speaker 10: wanted to make sure that that Joe Biden was in

258
00:13:03,120 --> 00:13:04,840
Speaker 10: fact the Democratic nominee.

259
00:13:04,960 --> 00:13:07,439
Speaker 3: In terms of the turnout, what was the level of turnout?

260
00:13:07,480 --> 00:13:10,160
Speaker 3: What does that tell us about how the race could

261
00:13:10,240 --> 00:13:13,079
Speaker 3: go from here as we move on to other primaries

262
00:13:13,080 --> 00:13:13,880
Speaker 3: starting next month.

263
00:13:14,720 --> 00:13:17,880
Speaker 10: So there was a decent turnout, pretty big turnout last night.

264
00:13:18,880 --> 00:13:23,040
Speaker 10: The issue going forward is that the race gets less

265
00:13:23,040 --> 00:13:26,640
Speaker 10: interesting from here, so we're probably likely to see turnout

266
00:13:26,679 --> 00:13:29,360
Speaker 10: really dip going into South Carolina. You know, unless the

267
00:13:29,400 --> 00:13:32,400
Speaker 10: fundamentals of this race change. There's a whole month until

268
00:13:32,800 --> 00:13:36,560
Speaker 10: South Carolina votes. But right now, Nikki Haley is still

269
00:13:36,559 --> 00:13:39,360
Speaker 10: in the race. She's vowing to stay in. She has

270
00:13:39,400 --> 00:13:42,400
Speaker 10: the money and end up backing to do so, but

271
00:13:42,520 --> 00:13:46,800
Speaker 10: not necessarily the political votes there. You know, going into

272
00:13:46,800 --> 00:13:50,200
Speaker 10: South Carolina, she's thirty points behind Trump. Even this is

273
00:13:50,200 --> 00:13:53,200
Speaker 10: her home state, So that's not a good sign for

274
00:13:53,240 --> 00:13:55,760
Speaker 10: her that she doesn't you know, that she isn't more

275
00:13:55,800 --> 00:13:58,040
Speaker 10: competitive at a state where she theoretically could be.

276
00:13:58,480 --> 00:14:01,760
Speaker 3: And that is the message that the former governor projected

277
00:14:01,880 --> 00:14:06,080
Speaker 3: in her concession speech, which she gave before former President

278
00:14:06,120 --> 00:14:10,000
Speaker 3: Trump's victory speech. But what's the messaging behind the scenes.

279
00:14:10,360 --> 00:14:13,679
Speaker 3: Is it matching what Haley's telling her supporters on the stump.

280
00:14:15,040 --> 00:14:18,840
Speaker 10: Yeah, this is really an interesting place. Most candidates wouldn't

281
00:14:18,840 --> 00:14:21,960
Speaker 10: be able to do what Nikki Haley has done here.

282
00:14:22,720 --> 00:14:25,000
Speaker 10: But because she has raised so much money, she had

283
00:14:25,000 --> 00:14:27,960
Speaker 10: so much interest from Wall Street, she has the cocal

284
00:14:28,000 --> 00:14:30,640
Speaker 10: lined American prosperity behind her as well as another wealth

285
00:14:30,640 --> 00:14:33,680
Speaker 10: funded super pac. She can continue to fight even though

286
00:14:34,160 --> 00:14:36,440
Speaker 10: you know, she didn't have the showing that she wanted.

287
00:14:36,480 --> 00:14:38,400
Speaker 10: You know, we saw Ron Santez didn't perform as well

288
00:14:38,440 --> 00:14:40,360
Speaker 10: in Iowa and was out of the race a couple

289
00:14:40,480 --> 00:14:44,080
Speaker 10: days later. You know, Hailey, you know, has the ability

290
00:14:44,120 --> 00:14:46,040
Speaker 10: to stay in. The question is will she you know,

291
00:14:46,280 --> 00:14:48,400
Speaker 10: what are her future political goals. Does she want to

292
00:14:48,440 --> 00:14:51,040
Speaker 10: sort of go on this quick prodic journey or you know,

293
00:14:51,080 --> 00:14:52,800
Speaker 10: in a week or two, will she decide, hey, this

294
00:14:52,840 --> 00:14:54,520
Speaker 10: isn't worth it. I either want to try to run

295
00:14:54,560 --> 00:14:56,960
Speaker 10: again in twenty twenty eight or maybe try to make

296
00:14:57,040 --> 00:15:00,600
Speaker 10: nice with Trump. You know, the Trump last night and

297
00:15:00,680 --> 00:15:02,680
Speaker 10: it took a lot of jobs at her, really indicating

298
00:15:02,680 --> 00:15:04,640
Speaker 10: that he is not happy with her and that there

299
00:15:04,680 --> 00:15:06,000
Speaker 10: is a lot of bad blood there.

300
00:15:06,240 --> 00:15:08,120
Speaker 3: And I guess there is a question as well about

301
00:15:08,120 --> 00:15:10,640
Speaker 3: whether that donor base is going to stay with Nicki

302
00:15:10,720 --> 00:15:14,080
Speaker 3: Haley if it seems like they're getting diminishing returns on

303
00:15:14,120 --> 00:15:16,200
Speaker 3: their investment. What are you hearing when it comes to

304
00:15:16,240 --> 00:15:19,600
Speaker 3: the donor class about whether they can continue supporting Nicki

305
00:15:19,640 --> 00:15:20,280
Speaker 3: Haley's run.

306
00:15:21,400 --> 00:15:21,640
Speaker 4: Yeah.

307
00:15:21,680 --> 00:15:23,600
Speaker 10: So the one thing, she has a lot of money

308
00:15:23,600 --> 00:15:26,360
Speaker 10: in the bank already, so she can continue to take

309
00:15:26,400 --> 00:15:29,240
Speaker 10: that donor money and continues to funnel it into our campaign.

310
00:15:29,480 --> 00:15:31,480
Speaker 10: But raising new money at this point is going to

311
00:15:31,520 --> 00:15:36,960
Speaker 10: be very difficult. She does have the Americans for a Prosperity,

312
00:15:36,960 --> 00:15:39,480
Speaker 10: that Coke political network that is behind her, and they

313
00:15:39,520 --> 00:15:42,160
Speaker 10: said last night they're going to continue to spend money

314
00:15:43,320 --> 00:15:46,000
Speaker 10: into South Carolina, you know, on advertising it and going

315
00:15:46,000 --> 00:15:48,840
Speaker 10: ahead and talking to voters, you know, door knocking efforts.

316
00:15:49,480 --> 00:15:51,520
Speaker 10: But it's going to be a difficult sell on to

317
00:15:51,560 --> 00:15:53,400
Speaker 10: bring in new donors as well as you know, for

318
00:15:53,480 --> 00:15:55,480
Speaker 10: some of these bigger super PACs that are that are

319
00:15:55,480 --> 00:15:58,120
Speaker 10: well funded to say, you know, why should they be

320
00:15:58,120 --> 00:16:00,440
Speaker 10: spending tens of billions of dollars when there is a

321
00:16:00,440 --> 00:16:03,560
Speaker 10: big election coming up with all sorts of races that

322
00:16:03,600 --> 00:16:06,040
Speaker 10: these groups are also going to be endorsing and funding.

323
00:16:06,160 --> 00:16:08,800
Speaker 3: I wanted to talk to you about the Democratic race

324
00:16:08,920 --> 00:16:11,440
Speaker 3: as well. President Biden was forced to run a rite

325
00:16:11,440 --> 00:16:14,560
Speaker 3: in campaign but ran away with it pretty handily. Does

326
00:16:14,600 --> 00:16:17,720
Speaker 3: that put the prospect of a primary challenge or even

327
00:16:17,720 --> 00:16:21,840
Speaker 3: a third party bid from Minnesota Congressman Dean Phillips to bed.

328
00:16:23,400 --> 00:16:25,440
Speaker 10: You know, Phillips can do a lot of what he

329
00:16:25,840 --> 00:16:27,840
Speaker 10: wants to do here, but you know, for him to

330
00:16:27,960 --> 00:16:30,680
Speaker 10: get interest and really take fire, it was clear that

331
00:16:31,200 --> 00:16:33,120
Speaker 10: he didn't do that in New Hampshire and it's going

332
00:16:33,200 --> 00:16:35,560
Speaker 10: to be even harder for him to do that going forward.

333
00:16:36,040 --> 00:16:39,160
Speaker 3: Laura Davison back with us from Manchester, New Hampshire, part

334
00:16:39,160 --> 00:16:43,840
Speaker 3: of our team of political correspondence covering the Republican and

335
00:16:43,880 --> 00:16:47,880
Speaker 3: Democratic primaries in this twenty twenty four race. Laura, thanks

336
00:16:47,920 --> 00:16:50,640
Speaker 3: again for being with us as always, But now we

337
00:16:50,680 --> 00:16:54,040
Speaker 3: want to turn to the major market moving story of

338
00:16:54,080 --> 00:16:58,160
Speaker 3: the morning. That would be earnings from Netflix, the streaming giant,

339
00:16:58,240 --> 00:17:02,000
Speaker 3: blue past Wall Street expectations for subscriber growth for its

340
00:17:02,040 --> 00:17:04,880
Speaker 3: best quarter since the early days of the pandemic when

341
00:17:05,359 --> 00:17:08,680
Speaker 3: many of us were locked down watching Netflix. So let's

342
00:17:08,680 --> 00:17:11,440
Speaker 3: get more on these results. Were joined by Bloomberg's Alex Webb,

343
00:17:11,480 --> 00:17:14,439
Speaker 3: who's all read in on the tech sector. Is this

344
00:17:14,520 --> 00:17:20,320
Speaker 3: all about that lower priced ad tier and crackdown on

345
00:17:20,600 --> 00:17:23,639
Speaker 3: passwords that's behind these blowout numbers?

346
00:17:23,640 --> 00:17:25,880
Speaker 10: Alex, I think that's.

347
00:17:25,840 --> 00:17:28,960
Speaker 14: That's certainly two of the three pillars. Right. So the

348
00:17:29,040 --> 00:17:33,320
Speaker 14: market was looking for post nine million new subs, Netflix

349
00:17:33,359 --> 00:17:37,240
Speaker 14: posted thirteen million. I'm you know good, sort of fifty

350
00:17:37,280 --> 00:17:42,959
Speaker 14: percent beat. The crackdown on passwords is certainly a big factor.

351
00:17:43,000 --> 00:17:47,800
Speaker 14: They have now got twenty three million advertising subscribers, which

352
00:17:47,840 --> 00:17:50,240
Speaker 14: is a bit less than ten percent, but still making

353
00:17:50,280 --> 00:17:53,879
Speaker 14: a difference around the edges. But don't underestimate the importance

354
00:17:53,920 --> 00:17:57,320
Speaker 14: of good quality content. They've had a few decent size

355
00:17:57,400 --> 00:18:00,720
Speaker 14: hits shows such as Leave the World Behind and documentary

356
00:18:00,760 --> 00:18:04,119
Speaker 14: series about the and I will say football player the

357
00:18:04,119 --> 00:18:05,359
Speaker 14: footballer David.

358
00:18:05,080 --> 00:18:09,600
Speaker 3: Beckham of soccer for our US audience, right, exactly.

359
00:18:11,040 --> 00:18:14,280
Speaker 14: Yeah, so level content is very much the third teller

360
00:18:14,320 --> 00:18:15,000
Speaker 14: of that success.

361
00:18:15,480 --> 00:18:19,399
Speaker 3: Yeah so, I guess the question is sustainability. I mean,

362
00:18:19,440 --> 00:18:22,919
Speaker 3: we well, before we get to that, let's talk about

363
00:18:22,960 --> 00:18:25,240
Speaker 3: the new content that's going to be coming next year.

364
00:18:25,960 --> 00:18:30,080
Speaker 3: Live entertainment in the form of wrestling. Interesting to see

365
00:18:30,080 --> 00:18:33,080
Speaker 3: that move when we've got a lot of other streaming

366
00:18:33,119 --> 00:18:38,440
Speaker 3: services offering Major League soccer, baseball football. What kind of

367
00:18:38,440 --> 00:18:42,080
Speaker 3: a move does bringing world wrestling entertainment into the fold

368
00:18:42,240 --> 00:18:44,200
Speaker 3: make for Netflix in that competition?

369
00:18:45,480 --> 00:18:47,200
Speaker 14: It is a fascinating play because, of course it's not

370
00:18:47,400 --> 00:18:49,880
Speaker 14: quite sports, you know that. I don't want to doubt

371
00:18:49,920 --> 00:18:53,520
Speaker 14: for a second the athleticism of the of the participants,

372
00:18:53,520 --> 00:18:58,160
Speaker 14: but a lot of it is scripted, and it's They've

373
00:18:58,200 --> 00:19:01,080
Speaker 14: made a few sort of tense to plays in the

374
00:19:01,119 --> 00:19:06,560
Speaker 14: live events space, not with mixed success. This seems to

375
00:19:06,560 --> 00:19:10,920
Speaker 14: be partly about supporting the advertising business, right, because one

376
00:19:10,960 --> 00:19:14,679
Speaker 14: of the few places that ads continue to be quite

377
00:19:15,800 --> 00:19:17,919
Speaker 14: quite successful is in live events. Right. You have a

378
00:19:17,920 --> 00:19:20,960
Speaker 14: captive audience, you know they're there. That's why even as

379
00:19:21,400 --> 00:19:24,919
Speaker 14: audiences drop off for things like the Super Bowl, you

380
00:19:25,000 --> 00:19:29,200
Speaker 14: still see ad prices continue to increase. So having that

381
00:19:29,240 --> 00:19:33,720
Speaker 14: supports that business. It's you know, a way of potentially

382
00:19:33,720 --> 00:19:36,439
Speaker 14: bringing in, of course, a new audience to Netflix. The

383
00:19:36,480 --> 00:19:38,359
Speaker 14: hope being you're getting through the front door to watch this,

384
00:19:38,480 --> 00:19:40,040
Speaker 14: and then they might see some of the other content

385
00:19:40,080 --> 00:19:41,840
Speaker 14: you have and stick around. So there are a lot

386
00:19:41,880 --> 00:19:45,199
Speaker 14: of ways why this might make sense. It's clearly a

387
00:19:45,240 --> 00:19:47,120
Speaker 14: substantial amount of money they're going to be paying. It's

388
00:19:47,119 --> 00:19:51,760
Speaker 14: five billion dollars over the course of ten years. Clearly,

389
00:19:51,800 --> 00:19:53,879
Speaker 14: the proof of the pudding will be if they then

390
00:19:53,920 --> 00:19:57,600
Speaker 14: expand it to other sports and go into sports proper

391
00:19:57,960 --> 00:19:59,440
Speaker 14: because they think this thing is successful.

392
00:20:00,000 --> 00:20:04,159
Speaker 3: I'd suggests Alex that advertising, the ad revenue, is going

393
00:20:04,240 --> 00:20:06,960
Speaker 3: to be the main growth driver for Netflix, and that's

394
00:20:06,960 --> 00:20:08,840
Speaker 3: going to be the focus for them as opposed to

395
00:20:09,320 --> 00:20:11,440
Speaker 3: growing subscribers just in and of itself.

396
00:20:12,960 --> 00:20:14,399
Speaker 14: No, I don't think so. You know, they're going to

397
00:20:14,400 --> 00:20:17,199
Speaker 14: be pushing on all fronts, right they were saying and

398
00:20:17,359 --> 00:20:20,879
Speaker 14: the earnings called yesterday that they still see hundreds of

399
00:20:20,920 --> 00:20:23,880
Speaker 14: millions of households around the world that haven't subscribed to Netflix.

400
00:20:24,720 --> 00:20:26,920
Speaker 14: Advertising may be one way of getting them on board,

401
00:20:26,920 --> 00:20:29,480
Speaker 14: particularly in some of the more price sensitive markets, and

402
00:20:29,520 --> 00:20:32,440
Speaker 14: thinking about places such as India where there's a huge potential,

403
00:20:32,640 --> 00:20:35,800
Speaker 14: but not necessarily as much willingness to pay, you know,

404
00:20:35,880 --> 00:20:39,120
Speaker 14: north of ten dollars or equivalent north of ten dollars

405
00:20:39,160 --> 00:20:42,800
Speaker 14: for a sub. So that's place where advertising stuff might help.

406
00:20:43,200 --> 00:20:46,359
Speaker 14: There are plenty of other markets all around the world

407
00:20:46,400 --> 00:20:50,240
Speaker 14: where you could make the case that Netflix remains underpenetrated.

408
00:20:50,760 --> 00:20:52,399
Speaker 3: The time we have left, I got to get your

409
00:20:52,440 --> 00:20:56,000
Speaker 3: take on Tesla earnings coming up after the bell today.

410
00:20:56,160 --> 00:21:00,720
Speaker 3: A lot of expectation about how Tesla is reacting this

411
00:21:00,840 --> 00:21:04,119
Speaker 3: time of higher interest rates and a more squeeze consumer.

412
00:21:05,760 --> 00:21:08,160
Speaker 14: Yeah, it's fascinating what's been going on at Tesla, because

413
00:21:08,160 --> 00:21:10,480
Speaker 14: of course that he had such an early lead in

414
00:21:10,520 --> 00:21:13,240
Speaker 14: the electric vehicle space, but others are now starting to

415
00:21:13,240 --> 00:21:15,720
Speaker 14: wake up. And of course they lost the crown of

416
00:21:15,760 --> 00:21:18,400
Speaker 14: being the world's biggest maker of ebs to the Chinese

417
00:21:18,400 --> 00:21:21,480
Speaker 14: company byd Bida, of course massively successful, not least in

418
00:21:21,520 --> 00:21:26,200
Speaker 14: its home market where Tesla isn't quite as big. The

419
00:21:26,960 --> 00:21:30,439
Speaker 14: Tesla has been discounting significantly in order to get it's

420
00:21:30,760 --> 00:21:34,720
Speaker 14: demand up. The fascinating insight today will be if there's

421
00:21:34,800 --> 00:21:37,159
Speaker 14: anything on their outlook for the rest of the year.

422
00:21:37,200 --> 00:21:39,679
Speaker 14: They delivered one point eight million cars last year. The

423
00:21:39,720 --> 00:21:43,120
Speaker 14: market's looking for about two point one two point two

424
00:21:43,119 --> 00:21:46,720
Speaker 14: million this coming year. Any color on that will be

425
00:21:46,760 --> 00:21:49,200
Speaker 14: a number that is very closely watched black Vestors.

426
00:21:51,440 --> 00:21:54,520
Speaker 1: This is Bloomberg Daybreak Today, your morning brief on the

427
00:21:54,560 --> 00:21:58,080
Speaker 1: story's making news from Wall Street to Washington and beyond.

428
00:21:58,160 --> 00:22:01,760
Speaker 2: Look for us on your podcast by six am Eastern

429
00:22:01,840 --> 00:22:05,720
Speaker 2: each morning on Apple, Spotify, and anywhere else you get

430
00:22:05,760 --> 00:22:06,640
Speaker 2: your podcasts.

431
00:22:06,920 --> 00:22:09,600
Speaker 1: You can also listen live each morning starting at five

432
00:22:09,680 --> 00:22:12,239
Speaker 1: am Wall Street time on Bloomberg eleven three to zero

433
00:22:12,320 --> 00:22:15,760
Speaker 1: in New York, Bloomberg ninety nine one in Washington, Bloomberg

434
00:22:15,800 --> 00:22:18,840
Speaker 1: one oh sixty one in Boston, and Bloomberg ninety sixty

435
00:22:18,920 --> 00:22:19,879
Speaker 1: in San Francisco.

436
00:22:20,040 --> 00:22:23,560
Speaker 2: Our flagship New York station is also available on your

437
00:22:23,680 --> 00:22:29,160
Speaker 2: Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus.

438
00:22:29,240 --> 00:22:34,160
Speaker 1: Listen coast to coast on the Bloomberg Business app, Serriusxmbiheartradio app,

439
00:22:34,200 --> 00:22:35,879
Speaker 1: and on Bloomberg dot Com.

440
00:22:35,880 --> 00:22:37,120
Speaker 3: I'm Nathan Hager.

441
00:22:36,960 --> 00:22:40,560
Speaker 2: And I'm Maybe Morris. Join us again tomorrow morning for

442
00:22:40,640 --> 00:22:43,360
Speaker 2: all the news you need to start your day right

443
00:22:43,400 --> 00:22:45,080
Speaker 2: here on Bloomberg Daybreak