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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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

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Speaker 3: Karen, we begin with the latest on the deadly plane

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Speaker 3: crash in Washington, d C. There are no survivors in

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Speaker 3: the collision between American Eagle Flight fifty three forty two

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Speaker 3: and an Army Blackhawk helicopter near Reagan National Airport. Todd

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Speaker 3: Inman with the National Transportation Safety Board says crews are

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Speaker 3: still pulling victims from the Potomac River.

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Speaker 4: We're still in a recovery mode, first and foremost to

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Speaker 4: get the perishable evidence and specifically the bodies out. Once

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Speaker 4: we get a little bit closer into that, we'll be

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Speaker 4: able to better understand the dynamics of what may have

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Speaker 4: happened upon impact.

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Speaker 3: Todd Inman with the NTSB says both black boxes from

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Speaker 3: the American Eagle flight have now been recovered. Bloomberg's Danny

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Speaker 3: Lee reports those have been sent to labs for evaluation.

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Speaker 5: This will be crucial because they can potentially start to

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Speaker 5: find out in the minutes before the lead up to

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Speaker 5: and also the seconds before, what were the conversations the

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Speaker 5: cockpit between the pilots, particularly with the air traffic control

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Speaker 5: which is under scrutiny, and also were there any warnings

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Speaker 5: particulars his plane would have been traveling down in the

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Speaker 5: dark through the very busy piece of s space.

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Speaker 3: Bloomberg's Danny Lee reports the NTSB could put out a

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Speaker 3: preliminary report on the crash within thirty days, but the

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Speaker 3: agency says it won't speculate about possible causes well Nathan.

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Speaker 2: President Trump says he does not know exactly what caused

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Speaker 2: the crash, but he does say he has opinions. At

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Speaker 2: a White House news conference, the President said diversity, equity

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Speaker 2: and inclusion programs may have played a role in the disaster.

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Speaker 6: It just could have been.

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Speaker 7: We have a high standard. We've had a much higher

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Speaker 7: standard than anybody else, and there are things where you

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Speaker 7: have to go by brain power, you have to go

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Speaker 7: by psychological equality.

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Speaker 2: The President also says there may have been a pilot

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Speaker 2: problem with a helicopter in that he didn't necessarily know

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Speaker 2: if it was the controller's fault. Leader President Trump signed

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Speaker 2: an executive order for the FAA and the Transportation Department

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Speaker 2: to review its hiring and safety decisions over the last

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Speaker 2: four years. Under the Biden administration.

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Speaker 3: Well, meanwhile, Karen, President Trump is poised to impose twenty

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Speaker 3: five percent tariffs on nine hundred billion dollars worth of

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Speaker 3: goods from Canada and Mexico starting tomorrow.

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Speaker 6: The President spoke from the Oval Office.

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Speaker 7: Mexico and Canada have never been good to us on trade.

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Speaker 7: They've treated us very unfairly on trade, and we will

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Speaker 7: be able to make that up very quickly because we

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Speaker 7: don't need the products that they have.

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Speaker 6: We have all the oil you need.

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Speaker 7: We have all the trees you need, meaning the lumber.

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Speaker 7: We have more than almost anybody in those two categories.

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Speaker 2: And Americans love of guacamole is about to be put

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Speaker 2: to the test. Mexico supplies upward of ninety percent of

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Speaker 2: the avocados Americans eat, and President Donald Trump is likely

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Speaker 2: to make them more expensive with this gland to slap

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Speaker 2: twenty five percent tariffs on Mexican imports beginning on Saturday.

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Speaker 2: Prices for avocados are already up fourteen percent from a

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Speaker 2: year ago. More pressure is coming with the Super Bowl,

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Speaker 2: which is my far the biggest day of the year

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Speaker 2: for eating avocados in the US.

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Speaker 3: Well, it's been a big couple of days for President

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Speaker 3: Trump's cabinet picks. Karen Tulcy Gabbard, the president's choice to

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Speaker 3: be Director of National Intelligence. She faced questions from the

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Speaker 3: Senate Intelligence Committee. Many of those centered on what critics

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Speaker 3: see is her shifting positions on intelligence collection and statement

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Speaker 3: sympathetic to Russia.

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Speaker 6: Bloomberg Zamy Morris reports from Washington.

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Speaker 8: Several lawmakers focused on gabbard support for NSA whistleblower, Edward Snowden,

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Speaker 8: who leaked classified documents then fled to Russia, where he's

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Speaker 8: now a citizen. Democratic Senator Michael Bennett of Colorado.

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Speaker 9: Is Edward Snowden a trader to the United States of America.

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Speaker 8: As someone who has to go on in combat, I

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Speaker 8: understand how critical our national security.

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Speaker 6: Farely you don't.

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Speaker 8: Gabbard's nomination is not certain, with many Republicans declining to

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Speaker 8: declare their support and Democrats criticizing her for appearing sympathetic

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Speaker 8: toward authoritarians like Russia's Vladimir Putin and Syria's Bashar al Asad.

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Speaker 8: In Washington, Amy Morris Bloomberg Radio.

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Speaker 2: All right, Amy, thank you about cash battel President Trump's picctilly.

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Speaker 2: The FBI also had his confirmation. Hearing, Battel insisted that

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Speaker 2: he did not have an enemy's list. He also said

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Speaker 2: he would not seek retribution against the president's adversaries or

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Speaker 2: launch investigations for political reasons.

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Speaker 10: The only thing that will matter if I'm confirmed as

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Speaker 10: a director of the FBI is a de weaponized, depoliticized

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Speaker 10: system of law enforcement, completely devoted to rigorous obedience of

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Speaker 10: the Constitution and a singular standard of justice.

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Speaker 2: Patel sought on multiple occasions to reassure Democrats that his

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Speaker 2: FBI would be independent from the White House. He would

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Speaker 2: not acknowledge that Trump had lost the twenty twenty election,

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Speaker 2: conceding only that Joe Biden was sworn in as president.

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Speaker 3: During the markets now, Karen, futures are higher. We close

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Speaker 3: out the trading week, thanks in part to big tech earnings.

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Speaker 3: Shares of Apple are hired by more than three percent.

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Speaker 3: The iPhone maker gave a reassuring revenue forecast for the

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Speaker 3: current quarter, offsetting holiday results which showed jarring declines for

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Speaker 3: China and the iPhone. Apple CEO Tim Cook spoke on

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Speaker 3: the earnings call.

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Speaker 9: If you look at our Greater China revenue for the quarter,

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Speaker 9: we were down eleven percent year over year, and over

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Speaker 9: half of the decline that we experienced was driven by

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Speaker 9: a change in channel inventory.

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Speaker 3: Apple CEO Tim Cook says sales this quarter will grow

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Speaker 3: by a percentage in the low two mid single digits, and.

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Speaker 2: Nathan Intel shares are up two percent. The chip maker

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Speaker 2: reported better than expected fourth quarter revenue, but did warrant

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Speaker 2: that it's pushed to become more competitive is still a

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Speaker 2: work in progress. However, Intel did not give a status

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Speaker 2: update on his search for a new CEO.

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Speaker 3: Now, Karen of Bloomberg News exclusive US officials are investigating

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Speaker 3: whether Chinese AI startup Deep Seek circum dented restrictions on

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Speaker 3: advanced chips from Nvidia. The Biden administration cut off China's

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Speaker 3: access to a range of Nvidia's most powerful chips. Now

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Speaker 3: we're told US officials are looking at whether they were

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Speaker 3: acquired through third parties in Singapore. Here's Bloomberg's Senior Executive

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Speaker 3: editor for Technology, Tom Giles.

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Speaker 11: This is a technology that deep Seek says is cheaper,

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Speaker 11: it was less expensive to develop, and now rivals like

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Speaker 11: Microsoft and Open Ai, as well as US officials including

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Speaker 11: the FBI and the White House the Treasury Department are

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Speaker 11: looking into where did they get this technology.

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Speaker 3: Bloomberg's Tom Giles notes President Trump's pick to lead the

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Speaker 3: Commerce Department, Howard Lutnick, is suggesting deep seak evaded US

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Speaker 3: export controls.

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Speaker 6: Time now for look at.

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Speaker 2: Some of the other stories making news in New York

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Speaker 2: and around the world, And for that we're joined by

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Speaker 2: Bloomberg's John Tucker. John, good morning, and.

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Speaker 6: Good morning, Karen.

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Speaker 12: The US figure skating community mourning the loss of fourteen

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Speaker 12: members who were killed aboard the American Airlines flight the

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Speaker 12: Colis with that Army helicopter over the Potomac. Sixteen year

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Speaker 12: old Spencer Lane was one of the members of USA

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Speaker 12: Skating who was on board. His friend and fellow skater

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Speaker 12: Roan Lecoq, remembered him as an inspiration.

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Speaker 13: He had a really great future. It was really promising

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Speaker 13: for him. He had a lot of potential. It's really

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Speaker 13: heartbreaking just knowing that this was the outcome.

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Speaker 12: Members of USA Skating were flying back from a competition

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Speaker 12: in Wichita, Kansas. The Senate has voted seventy nine to

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Speaker 12: eighteen to confirm former North Dakota Governor Doug Bergham as

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Speaker 12: Interior Secretary. This as President Trump moves forward with implementing

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Speaker 12: his energy agenda. Berger will oversee the Interior Department, which

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Speaker 12: manages more than six hundred million acres of public land

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Speaker 12: at all federally owned oil, natural gas, at other minerals.

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Speaker 12: Uber is alleging a fraud scheme by New York groups

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Speaker 12: faking carkrash injuries. Let's get that story this morning from

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Speaker 12: Bloomberg's Charlie Pellett.

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Speaker 14: The ride sharing giant filed a racketeer ring lawsuit against

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Speaker 14: a group of law firms, doctors, and pain management clinics.

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Speaker 14: It claims staged fake car accidents and performed unnecessary surgeries

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Speaker 14: to take advantage of New York's lucrative no fault insurance policies.

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Speaker 14: In a lawsuit filed in federal court in Brooklyn, Uber

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Speaker 14: said since at least twenty nineteen, the group has conspired

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Speaker 14: quote to exploit passengers in purported or actual minor vehicle

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Speaker 14: collisions in New York. Charlie Powac Bloomberg Radio.

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Speaker 12: And Vertex Pharmaceuticals has gained US approval for the first

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Speaker 12: new type of painkiller in more than two decades. It

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Speaker 12: pays the way for a safer alternative to addictive opioids

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Speaker 12: that have been linked to hundreds of thousands of deaths

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Speaker 12: in the US. Global news twenty four hours a day

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Speaker 12: and whatever you want it with Bloomberg News.

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Speaker 15: Now.

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Speaker 12: I'm John Tucker, and this is Bloomberg. Karen.

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Speaker 6: All right, John, thank you.

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Speaker 2: Time now for the Bloomberg Sports Update, brought to you

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Speaker 2: by Trice State Ownie. And for that we bring in

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Speaker 2: John Stamshower, John, good morning.

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Speaker 1: Good morning, Care and spring training starts in less than

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Speaker 1: two weeks. Still some unsigned free agents like Pete Alonzo,

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Speaker 1: Alex Bregman, Max Schurzer.

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Speaker 14: Does now have his deal.

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Speaker 1: At age forty, he'll pitch an eighteenth big league season

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Speaker 1: for the Toronto Blue Jays. It's his seventh different team.

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Speaker 1: Scherzia has not been healthy much of the past two seasons,

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Speaker 1: only made nine starts in twenty twenty.

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Speaker 6: Four for Texas.

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Speaker 1: No New York Hockey or hoop teams played tonight and

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Speaker 1: only one played last night. That's the Islanders made it

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Speaker 1: six wins in a row, three nothing at Philadelphia, twenty

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Speaker 1: three saves for Ilias Sirroken. The Bruins lost to Winnipeg

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Speaker 1: sixty two. Jets scored four in the third period. Capital's

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Speaker 1: lost in overtime at Ottawa in defeat. Career goal number

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Speaker 1: eight seventy six for Alex Loveski. He's nineteen away from

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Speaker 1: breaking Wayne Gretzky's record. The Lakers won by thirty eight

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Speaker 1: in Washington and now Lebron in La come to the

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Speaker 1: Garden to play the Red Hot Knicks tomorrow night. Good

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Speaker 1: MSG doubleheader at noon tomorrow at Saint John's, also Red Hot.

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Speaker 1: Taking on Providence Golf a pebble beech American Russell Henley

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Speaker 1: choine eight hunder sixty. Ford's got a one shot lid.

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Speaker 1: Rory McElroy trails by two. He started on the back

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Speaker 1: nine at Spyglass Hill. Here was Rory on the one

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Speaker 1: hundred and nineteen yard fifteenth hole, his sixth of the day.

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Speaker 10: Who has some adult spin control here playing downhill seven,

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Speaker 10: so it's one hundred and twelve yards and this looks

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Speaker 10: pretty good.

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Speaker 6: Hotly fluent in Ry Mcklelroy holy.

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Speaker 1: Cown straight in no bounced golf channel to call it's

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Speaker 1: his third career ace in a professional tournament. Later in

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Speaker 1: the day, Shane Lowry from Ireland also had a hole

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Speaker 1: in one on a different hole. Chaston Eagles arrived Sunday

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Speaker 1: in New Orleans, hosting it's eleven Super Bowl time with

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Speaker 1: Miami for the most. NFL says all week they'll be

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Speaker 1: increased security in the wake of the terror attack in

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Speaker 1: New Orleans. On New Year's John Stanshanwer Bloomberg Sports Kenry

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Speaker 1: Nathan Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, and.

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Speaker 6: Around the world on Bloomberg dot Com and the Bloomberg

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Speaker 6: Business app. This is Bloomberg Dbreak. Good morning. I'm Nathan Hager.

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Speaker 3: The investigation continues into the crash of American Eagle Flight

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Speaker 3: fifty three forty two of the Blackhawk helicopter outside Washington's

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Speaker 3: Reagan National Airport.

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Speaker 6: The disaster left no survivors.

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Speaker 3: Investigators now have the task of determining how this could

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Speaker 3: have happened in one of the most closely monitored skies

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Speaker 3: in the country. Joining us now for the latest is

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Speaker 3: Benedict Commell. Once again, he's head of global aviation coverage

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Speaker 3: for Bloomberg News. Benedict, good morning. As we understand it now,

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Speaker 3: the National Transportation Safety Board says it has recovered both

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Speaker 3: black boxes from that American Eagle jet.

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Speaker 6: What can we expect to learn from that evidence? Good morning,

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Speaker 6: Good morning.

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Speaker 15: Yes, indeed, those two black boxes have been recovered, and

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Speaker 15: that is in any inquiry, and an important line. They

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Speaker 15: contain voices from the cockpit. They also contain key metrics

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Speaker 15: of the flight performance, and those will be very closely

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Speaker 15: read out and then sort of analyzed. That will take time,

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Speaker 15: and that is essentially one key line from the NTSB

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Speaker 15: that we heard yesterday that this is not a quick turnaround,

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Speaker 15: and it never really is. If there's one thing that

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Speaker 15: can be said about typical air disaster crashes, if there

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Speaker 15: is such a thing, is that it takes time. They

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Speaker 15: work slowly, they work methodically. These are professionals, and they

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Speaker 15: want to piece all the pieces of evidence back together.

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Speaker 15: So they said, give us time, don't rush to any

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Speaker 15: quick conclusions. And in some ways that might have been

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Speaker 15: a bit of a sort of a nod to what

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Speaker 15: happened yesterday in Washington, where there were some rather swift

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Speaker 15: pronouncements of what might have happened. So the NTSB sort

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Speaker 15: of trying to put a bit of a brake on

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Speaker 15: it all and saying, we've got this, let us do

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Speaker 15: our work. So the black boxes will be a key

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Speaker 15: feature of that. Other areas that will be looked at

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Speaker 15: is the communications between the tower and the helicopter and

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Speaker 15: the aircraft. Might one of these aircraft have been out

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Speaker 15: of position or sort of at a wrong kind of altitude?

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Speaker 15: Was that hower properly starts? So there are lots of

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Speaker 15: elements to this investigation that will be monitored in the

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Speaker 15: next couple of days.

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Speaker 3: And we well, Benedict, when can we expect to get

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Speaker 3: firmer answers from not just the NTSB, but from so

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Speaker 3: many of the other agencies involved in this investigation. The

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Speaker 3: fact that we have a black Hawk helicopter involved means

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Speaker 3: the Pentagon is part of this as well.

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Speaker 15: Yes, you're right, So it is a blend of organizations

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Speaker 15: that are monitoring this and that are going through this.

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Speaker 15: The NTSB said there will be a pullinary preliminary report

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Speaker 15: in thirty days. We don't quite know at this point

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Speaker 15: what the Pentagon will say, so won't there will be

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Speaker 15: regular updates, but a proper report that will really establish

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Speaker 15: what might have happened. That will take time. Now, you

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Speaker 15: do have the political component in this, and we've got

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Speaker 15: a taste of that yesterday in the press conference by

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Speaker 15: President Donald Trump. He was flanked by Sean Duffy, the

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Speaker 15: new Transport Secretary, and Pete hess the new Defense Secretary,

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Speaker 15: and also j Evans, the Vice President. They were all

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Speaker 15: there in the same room and they all spoke, and

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Speaker 15: that obviously gave that entire investigation a more sort of

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Speaker 15: political tint. So those are sort of the different lines

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Speaker 15: of inquiry that will happen in you know, in parallel,

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Speaker 15: the NTSB, the Pentagon, and then the political dimension.

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Speaker 3: Now, in terms of the political dimension of this, Benedict

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Speaker 3: as we heard from the President yesterday, seemed to really

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Speaker 3: single out diversity, equity and inclusion programs within the Federal

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Speaker 3: Aviation Administration.

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Speaker 6: What do we know when.

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Speaker 3: It comes to staffing at places like air traffic control.

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Speaker 15: Well, the one thing that we do know, and this

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Speaker 15: is something that the head of the FAA and others

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Speaker 15: in that kind of space have lamented in the past,

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Speaker 15: that these are agencies that are understaffed, and it's something

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Speaker 15: that has been going on for a long time. This

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Speaker 15: isn't just a recent phenomenon. This is something that's gone

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Speaker 15: on for a long time and has become more pronounced

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Speaker 15: under COVID when a lot of people left the industry

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Speaker 15: and have not returned. So this is an industry that

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Speaker 15: still struggles with chronic understaffing and as trying to get

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Speaker 15: people back in. That's what we can say definitively. Now, obviously,

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Speaker 15: Trump went one step further and said we have not

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Speaker 15: just too few people, but the wrong types of people

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Speaker 15: in these types of jobs. I mean, he said, you know,

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Speaker 15: we need brilliant people doing this that those were his words,

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Speaker 15: and he said, I'm not quite sure that we have

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Speaker 15: those types of people. So he tried to create a

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Speaker 15: link between the DEI practices under his predecessor, under President

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Speaker 15: Biden and going back as far as President Obama and

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Speaker 15: what transpired over the skies of Washington, you know, less

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Speaker 15: than forty eight hours ago. So you could say that's

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Speaker 15: an unusual politicization of the tragedy, and that is a

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Speaker 15: narrative that will be closely watched. Obviously, there's been a

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Speaker 15: lot of pushback from those targets already saying this is

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Speaker 15: a brazen attempt to beat the blame on somebody else.

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Speaker 15: So this back and forth will certainly be and remain

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Speaker 15: a feature of this investigation.

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