Speaker 1: Bloomberg Audio Studios, Podcasts, radio news.
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
Speaker 2: are the stories we're following today. Karen, we begin with
Speaker 2: controversy in the Middle East. President Trump says the US
Speaker 2: should take control of the Gaza Strip. The President spoke
Speaker 2: during a White House news conference alongside Israeli Prime Minister
Speaker 2: Benjamin NATANYAHUO the.
Speaker 3: US will take over the Gaza Strip, and we will
Speaker 3: do a job with it too. We'll own it and
Speaker 3: be responsible for dismantling all of the dangerous unexploded bombs
Speaker 3: and other weapons on the site.
Speaker 4: The reaction has been swift to President Trump's Kaza proposal.
Speaker 4: Former NATO Supreme Allied Commander in Europe Wesley Clark warrens
Speaker 4: it would be exceptionally challenging to deliver.
Speaker 5: There are huge problems at the bottom, not to mention
Speaker 5: strategic consent at the top. So look, he's the President
Speaker 5: of the United States, better listen to him. But I've
Speaker 5: done these things. I can tell you how difficult this is.
Speaker 5: This is unimaginability difficult.
Speaker 4: Former NATO's Supreme Allied Commander in Europe, Wesley Clark, spoke
Speaker 4: as Saudi Arabia reiterated its support for a Palestinian state
Speaker 4: with East Jerusalem as its capital. The Saudis are rejecting
Speaker 4: any infringement on the legitimate rights of the Palestinian people.
Speaker 2: Well Nathan new Development's new developments this morning. Involving Trump's
Speaker 2: trade war, the US Postal Service has temporarily suspended the
Speaker 2: acceptance of inbound parcels from China and Hong Kong. According
Speaker 2: to its website, letters and flat packages from the region
Speaker 2: will not be impacted. The move comes after President Trump
Speaker 2: and post ten percent tariff increases on Chinese goods.
Speaker 4: Karen China may be looking at ways to fire back.
Speaker 4: Bloomberg News has learned Beijing's antitrust watchdog is laying the
Speaker 4: groundwork for a potential probe into Apple. We get more
Speaker 4: from Bloomberg News Global Tech editor Peter Elstrom.
Speaker 6: We see these tensions between the two countries rising. The
Speaker 6: US of course imposed the ten percent terra off Sunshina,
Speaker 6: and in response, we're seeing some measure responses from Beijing.
Speaker 6: Right now, we have the investigation into Google, and just
Speaker 6: to be clear, the Apple investigation was not announced. This
Speaker 6: is a sources based story where we're reporting that We
Speaker 6: understand the regulators at SAMR are taking a look at Apple.
Speaker 6: They've informed the Apple executives in the country that they're
Speaker 6: concerned about some of these practices that they have in
Speaker 6: the app store. These have been issues globally. Really it's
Speaker 6: not just in China, but they're taking a thirty percent
Speaker 6: cut of revenue from the app store in certain cases,
Speaker 6: and they're also limiting your payment options so that you
Speaker 6: run through the Apple Store.
Speaker 4: Bloomberg's Peter Elstrom says if Apple resists making changes, the
Speaker 4: Chinese government may launch a formal investigation on.
Speaker 2: Nathan Donald Trump and Elon Musk's efforts to slash the
Speaker 2: federal workforce have taken a new turn Bloomberg. John Tucker
Speaker 2: is here with more. John.
Speaker 7: What's the latest, Well, Karen, Most employees of the US
Speaker 7: Agency for International Development they're going to be placed on
Speaker 7: administrative leave. This starts Friday. The staff members stationed overseas
Speaker 7: they have to return within thirty days, with exceptions to
Speaker 7: be considered on a case by case basis. This all
Speaker 7: comes after Trump ally Elon Musk signaled out USAID repeatedly
Speaker 7: on X and even Trump described the agency as run
Speaker 7: by a bunch of radical lunatics. Secretary of State Marco
Speaker 7: Rubio said he's now in charge of USA and Warren
Speaker 7: US lawmakers the agency might be abolished altogether, and it
Speaker 7: doesn't stop there. The CIA has ordered staff buyouts. That
Speaker 7: move comes after two million federal workers were given similar offers.
Speaker 7: That move initially excluded national security agencies in New York.
Speaker 7: IM John Tucker Bloomberg Radio.
Speaker 4: All right, John, thank you, and his controversy swirls around
Speaker 4: Elawn Musk's role and power in the Trump administration. The
Speaker 4: Treasury Department says Musk's Government Efficiency Team has been given
Speaker 4: read only access to coded data of the government's payments system.
Speaker 4: Democratic lawmakers had raised concerns about that system's integrity stemming
Speaker 4: from the Musk team's access.
Speaker 2: Well Nathan, President Trump's cabinet continues to take Shaye pam
Speaker 2: Bondy has won a full Senate vote to be the
Speaker 2: next Attorney General.
Speaker 8: On this vote, the yaser fifty four, the nays are
Speaker 8: forty six.
Speaker 9: The nomination is confirmed.
Speaker 2: And that was the final tally for Pama Bondi in
Speaker 2: the US Senate. The new Attorney General now get a
Speaker 2: chance to reshape the one hundred and fifteen thousand member
Speaker 2: Justice Department head of her confirmation. Interim leaders forced out
Speaker 2: or reassigned many officials who investigated the January sixth attack
Speaker 2: at the US Capitol, including career prosecutors and FBI officials.
Speaker 4: I Meanwhile, Karen Moore cabinet nominees are moving closer to
Speaker 4: their confirmations. Both Robert F. Kennedy, Junior and Tulsea Gabbert
Speaker 4: have advanced through Senate committees on party line votes. Kennedy
Speaker 4: faced questions about his past efforts to link vaccines to
Speaker 4: autism at his hearing to leave the Department of Health
Speaker 4: and Human Services. Gabbard drew criticism for meeting with then
Speaker 4: Syrian President Bashar al Assad and refused to call NSA
Speaker 4: leaker Edward Snowden a trader in her bid to be
Speaker 4: Director of National Intelligence.
Speaker 2: On Nathan, Now, we want to turn to the latest
Speaker 2: on the plane crash investigation in Washington, d C. The
Speaker 2: remains of all sixty FI seven victims have been recovered
Speaker 2: from the collision between the American Airlines flight and the
Speaker 2: Army helicopter. The National Transportation Safety Board says the latest
Speaker 2: data show the black Hawk was flying at about three
Speaker 2: hundred feet at the time of the accident. That's about
Speaker 2: one hundred feet higher than the preliminary RATEAR indicated. Investigators
Speaker 2: say they need more data from the Blackhawk itself. They
Speaker 2: expect to recover it from the Potomac River later this week.
Speaker 4: Turning the markets now, Karen futures are lower, led by
Speaker 4: tech shares following some disappointing earnings after the bell. Shares
Speaker 4: of Google parent Alphabet are down seven and a half
Speaker 4: percent after missing earning's estimate. Sales from its cloud business slowed.
Speaker 4: On the company conference call, Alphabet CEO Soon darp Shi
Speaker 4: downplayed competition from China's Deep Seek.
Speaker 10: There's been a lot of observations on Deep Seek. First
Speaker 10: of all, you know, I think tremendous team. I think
Speaker 10: they've done very very good work. I would say both
Speaker 10: are two point zero flash models or two point oho
Speaker 10: flash thinking models. You know, they are some of the
Speaker 10: most efficient models out there, including comparing two deep seeks.
Speaker 4: Alphabet CEO Sun Darbishi also announced seventy five billion dollars
Speaker 4: in twenty twenty five capital expenditures that far exceeds the
Speaker 4: fifty seven point nine billion that analysts expected.
Speaker 2: Nathan Chairs of AMD also taking it on the chin.
Speaker 2: This morning, they're down more than eight and a half percent.
Speaker 2: Is it struggled to catch up with AI computing leader Nvidia.
Speaker 2: The chip maker's fourth quarter revenue topped estimates, but its
Speaker 2: data center divisions revenue was below analyst projections.
Speaker 4: And shares of Chipotle Mexican Grill are down more than
Speaker 4: six percent. The fast food retailer sales rose less than expected.
Speaker 4: Chipotle had stood out as one of the few chains
Speaker 4: that managed to bring in more customers over the past
Speaker 4: year to time. When competition or when competitors, I should say,
Speaker 4: we're losing traffic.
Speaker 2: Well for season. Nathan Nissan is reportedly pulling out of
Speaker 2: plans to combine with Honda. The NYK newspapers reporting talks
Speaker 2: between the two car makers have stalled since tie up
Speaker 2: plans were first announced in December. Without Honta is backing,
Speaker 2: Nissan's future is unclear, with the company facing chronic issues
Speaker 2: such as an outdated product lineup and bloated dealership incentives.
Speaker 2: Time now, if we look at some of the other
Speaker 2: stories making news in New York and around the world,
Speaker 2: and for that we're joined by Bloomberg's Michael Barr Michael,
Speaker 2: Good morning.
Speaker 9: Good morning Karen. In New Orleans, security preparations are underway
Speaker 9: ahead of Super Bowl Sunday. The US Department of Homeland
Speaker 9: Security Special Agent in Charge for New Orleans, Eric Delonde,
Speaker 9: is the lead federal coordinator for Super Bowl fifty nine.
Speaker 9: He says visitors to the city are going to see
Speaker 9: a heavy police presence this weekend.
Speaker 2: This is going to be the safest city in America
Speaker 2: for the Super Bowl.
Speaker 4: We will have more federal assets, more federal law enforcement,
Speaker 4: more state local law enforcement, probably than any other Fruit
Speaker 4: Bowl ever played.
Speaker 9: Delan's comments come after the January first Bourbon Street terrorist
Speaker 9: attack that killed fifteen people. Sweden's worst mass shooting has
Speaker 9: left at least eleven people dead, including the gunman, at
Speaker 9: an adult education center, as officials warned that the death
Speaker 9: toll could rise. Police believe the perpetrator acted alone, but
Speaker 9: have not said if he was a student or what
Speaker 9: his motive may have been. Tuesday's violence occurred at a
Speaker 9: school west of Stockholm and offers primary and second educational
Speaker 9: classes for adults. Police say one person is dead. Five
Speaker 9: people have been wounded in a shooting at a cosmetics
Speaker 9: warehouse in New Albany. Ohio. A spokesperson says the subject
Speaker 9: is no longer believed to be at the warehouse, which
Speaker 9: belongs to a company that makes products including toiletries. New
Speaker 9: Albany Police Chief Greg Jones. We believe we may know
Speaker 9: their location.
Speaker 5: We don't have any reason to believe that they are
Speaker 5: a general threat to society more than this was.
Speaker 2: It appears at this point to be a targeted type
Speaker 2: of attack.
Speaker 9: Chief Jones did not immediately provide the tales of the
Speaker 9: circumstances surrounding the shooting. Global News twenty four hours a
Speaker 9: day and whenever you want it with the Bloomberg News. Now,
Speaker 9: I'm Michael Barr, and this Isloomberg Kearn.
Speaker 2: All right, Michael Barr, thank you time now for the
Speaker 2: Bloomberg Sports Update, brought to you by Tri State Audi.
Speaker 2: Here's John Stshower.
Speaker 8: John, Good morning, Yim morning, Karen. Busy Tuesday for New
Speaker 8: York area teams. The Knicks, Nets, Devils, Islanders, and Saint
Speaker 8: John's all played. They all won. The Knicks in Toronto
Speaker 8: saw a twenty three point league get cut to one
Speaker 8: was just over three minutes remaining, but the Knicks held
Speaker 8: on one twenty one to one fifteen as Karl Anthony
Speaker 8: Towns had twenty seven points and twenty rebounds. Nicks had
Speaker 8: won seven of their last eight games and eight in
Speaker 8: a row. Versus the Raptors. The Nets had and won
Speaker 8: a home game in two months. Didn't look like they'd
Speaker 8: beat Houston down four with nine seconds left. A Keon
Speaker 8: Johnson three point or a steal on the inbounds passing
Speaker 8: at D'Angelo Russell three six points in six seconds. The
Speaker 8: Nets beat the Rockets ninety seven, ninety three, top two
Speaker 8: in the East. Met in Cleveland, Celtics beat the Cavs
Speaker 8: and LA The Lakers beat the Clippers by twenty five
Speaker 8: with Luca don Said's sitting on the Laker bench. He
Speaker 8: hasn't played since Christmas with a calf injury. But for
Speaker 8: the the first time since the trade, Luca gave his
Speaker 8: reaction to it.
Speaker 10: But like this last forty dollars just one month, Like
Speaker 10: two days ago was one month ago.
Speaker 2: So emotionally it was really hard.
Speaker 11: But very day that I like today was much better.
Speaker 11: You know, I'm just very happy to be here.
Speaker 8: Anthony Davis also hurt, didn't play for Dallas and a
Speaker 8: two point loss at Philadelphia, and you have yes, aerena.
Speaker 8: The Islanders made it eight wins in the last nine games,
Speaker 8: two to one over Vegas. Devils won three two in
Speaker 8: a shootout at Pittsburgh get the Guarden. Saint John's's twentieth
Speaker 8: win of the season. It's so far been a terrific one.
Speaker 8: The Red Storm atop the Big East. They beat Marquette
Speaker 8: seventy to sixty four. The Yankees have re signed lefty
Speaker 8: reliever Tim Hill. John Stashan. We're Bloomberg Sports Kenona.
Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius Exam
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Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 9: Good morning.
Speaker 4: I'm Nathan Hager. And it could be a dramatic shift
Speaker 4: in the Middle East. President Trump says the US should
Speaker 4: take over the Gaza Strip and develop it into what
Speaker 4: he calls a riviera. And he says it's not an
Speaker 4: idea he comes too lightly.
Speaker 12: Everybody I've spoken to loves the idea of the United
Speaker 12: States owning that piece of land, developing and creating thousands
Speaker 12: of jobs with something that will be magnificent in a
Speaker 12: really magnificent area that nobody would know. Nobody could look
Speaker 12: because all they see is death and destruction and rubble.
Speaker 4: And that was President Trump speaking alongside Israeli Prime Minister
Speaker 4: Benjamin Netan Yahoo at the White House, joining us now
Speaker 4: as Bloomberg News Managing editor Derek Wallbank and Derek to say,
Speaker 4: this would up end Middle East policy. May be just
Speaker 4: scratching the surface. What do you make of this?
Speaker 11: Yeah, Nathan, it was really interesting watching that press conference
Speaker 11: because when Donald Trump started going into this, you know,
Speaker 11: I think that they're The initial reaction was, hold on,
Speaker 11: did he just say what we think he said? And
Speaker 11: then Trump went on to, as you noted, make very
Speaker 11: clear that not only did he say it, he meant it.
Speaker 11: You know, there are infinite questions that it raises. There
Speaker 11: has been a pretty stiff pushback, unanimous among Democrats over
Speaker 11: you know, overwhelming out of the out of the Arab world.
Speaker 11: Not so much from Republicans. We have heard a couple
Speaker 11: of congressional Republicans, Lindsey Graham being one, suggests that maybe
Speaker 11: this was, you know, that this was a little bit
Speaker 11: of a bad idea. But other than that, Republicans have
Speaker 11: been pretty well supportive of the idea of doing something different.
Speaker 9: Now.
Speaker 11: Trump went out and said a whole range of things
Speaker 11: about what he would want to do with Gazaf. The
Speaker 11: US got heavily, heavily involved and effectively took it over,
Speaker 11: not least of which redeveloping the entire place. He compared
Speaker 11: it at one point to a potential Middle Eastern riviera.
Speaker 11: You know, as I say, it was bombshell comments from
Speaker 11: the US President. I think, Nathan, you and I've been
Speaker 11: following this along so long. The Middle East is really
Speaker 11: one of those areas, especially issues related to Israel and
Speaker 11: the Palestinians, where US presidents have had to choose their
Speaker 11: words exceptionally carefully, and it's sort of like every single
Speaker 11: word and phrase is litigated. Trump went and smashed through
Speaker 11: all of that. And I think that there will be
Speaker 11: there will be effects of this for a very very
Speaker 11: long time.
Speaker 4: We if this idea is a sort of a bull
Speaker 4: in the China shop of diplomacy from President Trump. Was
Speaker 4: very interesting to see Prime Minister Netsan Yahoo alongside President
Speaker 4: Trump not necessarily dismissing this idea out of hand.
Speaker 11: No, not necessarily dismissing, but you know it, it's hard
Speaker 11: to know exactly how red he is and how much
Speaker 11: he wanted, you know, that level of a statement, you know,
Speaker 11: Netnya who was making, you know, statements that were generally
Speaker 11: positive towards Trump's ideas, more I would say flattering of
Speaker 11: Trump than endorsing necessarily exactly specific prescriptions. But I think
Speaker 11: that this is one of those things that, look, the
Speaker 11: White House does not appear to have given a lot
Speaker 11: of people a heads up that this kind of titanic
Speaker 11: policy shift was coming, right. It took a lot of
Speaker 11: people by surprise, you know. But this is also something
Speaker 11: that Trump is leaning into in his first days. And
Speaker 11: you could say this across a range of different policies
Speaker 11: and foreign policies where he sees an advantage to surprise,
Speaker 11: and he sees an advantage to volatility, many times the
Speaker 11: volatility he himself is creating.
Speaker 4: Oh well, we think through this potential volatile and Middle
Speaker 4: East policy, Derek. There are new developments in the trade
Speaker 4: tensions between the US and China after the ten percent tariffs.
Speaker 4: Now this word from Bloomberg News that China is considering
Speaker 4: an antitrust probe into Apple's app store. Where could this go?
Speaker 11: Yeah, this one's an interesting one, Nathan, and it's and
Speaker 11: it's a very it's very much a breaking news story,
Speaker 11: so there's a lot to digest here. But the short
Speaker 11: version of it is that China's antitrust watchdog is laying
Speaker 11: the groundwork for a potential probe into Apple's policies and
Speaker 11: the fees its charges app developers. Now, the idea of
Speaker 11: scrutiny over Apple's app store not necessarily new, but at
Speaker 11: the same point, we have to consider what moment we're
Speaker 11: in and all of the things going on between the
Speaker 11: US and China, and the potential that this could sort
Speaker 11: of stack up on top of that. There's a lot
Speaker 11: to sort of follow through here. One thing I we'll
Speaker 11: say as well though, as we were talking to a
Speaker 11: lot of analysts yesterday after ahead of this story coming out,
Speaker 11: but after the United States Postal Service said it was
Speaker 11: going to freeze taking in small packages from from China
Speaker 11: and from Hong Kong for temporarily freeze, and one of
Speaker 11: the things that stood out to me was there was
Speaker 11: one analyst who noted that essentially you have a macro
Speaker 11: risk from all of these micro things going on, and
Speaker 11: they do stack up, and there is that sort of
Speaker 11: you know, complication risk going out.
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