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.
Speaker 3: Karen, we begin with the latest on the deadly plane
Speaker 3: crash in Washington, d C. There are no survivors in
Speaker 3: the collision between American Eagle Flight fifty three forty two
Speaker 3: and an Army Blackhawk helicopter near Reagan National Airport. Todd
Speaker 3: Inman with the National Transportation Safety Board says crews are
Speaker 3: still pulling victims from the Potomac River.
Speaker 4: We're still in a recovery mode, first and foremost to
Speaker 4: get the perishable evidence and specifically the bodies out. Once
Speaker 4: we get a little bit closer into that, we'll be
Speaker 4: able to better understand the dynamics of what may have
Speaker 4: happened upon impact.
Speaker 3: Todd Inman with the NTSB says both black boxes from
Speaker 3: the American Eagle flight have now been recovered. Bloomberg's Danny
Speaker 3: Lee reports those have been sent to labs for evaluation.
Speaker 5: This will be crucial because they can potentially start to
Speaker 5: find out in the minutes before the lead up to
Speaker 5: and also the seconds before, what were the conversations the
Speaker 5: cockpit between the pilots, particularly with the air traffic control
Speaker 5: which is under scrutiny, and also were there any warnings
Speaker 5: particulars his plane would have been traveling down in the
Speaker 5: dark through the very busy piece of s space.
Speaker 3: Bloomberg's Danny Lee reports the NTSB could put out a
Speaker 3: preliminary report on the crash within thirty days, but the
Speaker 3: agency says it won't speculate about possible causes well Nathan.
Speaker 2: President Trump says he does not know exactly what caused
Speaker 2: the crash, but he does say he has opinions. At
Speaker 2: a White House news conference, the President said diversity, equity
Speaker 2: and inclusion programs may have played a role in the disaster.
Speaker 6: It just could have been.
Speaker 7: We have a high standard. We've had a much higher
Speaker 7: standard than anybody else, and there are things where you
Speaker 7: have to go by brain power, you have to go
Speaker 7: by psychological equality.
Speaker 2: The President also says there may have been a pilot
Speaker 2: problem with a helicopter in that he didn't necessarily know
Speaker 2: if it was the controller's fault. Leader President Trump signed
Speaker 2: an executive order for the FAA and the Transportation Department
Speaker 2: to review its hiring and safety decisions over the last
Speaker 2: four years. Under the Biden administration.
Speaker 3: Well, meanwhile, Karen, President Trump is poised to impose twenty
Speaker 3: five percent tariffs on nine hundred billion dollars worth of
Speaker 3: goods from Canada and Mexico starting tomorrow.
Speaker 6: The President spoke from the Oval Office.
Speaker 7: Mexico and Canada have never been good to us on trade.
Speaker 7: They've treated us very unfairly on trade, and we will
Speaker 7: be able to make that up very quickly because we
Speaker 7: don't need the products that they have.
Speaker 6: We have all the oil you need.
Speaker 7: We have all the trees you need, meaning the lumber.
Speaker 7: We have more than almost anybody in those two categories.
Speaker 2: And Americans love of guacamole is about to be put
Speaker 2: to the test. Mexico supplies upward of ninety percent of
Speaker 2: the avocados Americans eat, and President Donald Trump is likely
Speaker 2: to make them more expensive with this gland to slap
Speaker 2: twenty five percent tariffs on Mexican imports beginning on Saturday.
Speaker 2: Prices for avocados are already up fourteen percent from a
Speaker 2: year ago. More pressure is coming with the Super Bowl,
Speaker 2: which is my far the biggest day of the year
Speaker 2: for eating avocados in the US.
Speaker 3: Well, it's been a big couple of days for President
Speaker 3: Trump's cabinet picks. Karen Tulcy Gabbard, the president's choice to
Speaker 3: be Director of National Intelligence. She faced questions from the
Speaker 3: Senate Intelligence Committee. Many of those centered on what critics
Speaker 3: see is her shifting positions on intelligence collection and statement
Speaker 3: sympathetic to Russia.
Speaker 6: Bloomberg Zamy Morris reports from Washington.
Speaker 8: Several lawmakers focused on gabbard support for NSA whistleblower, Edward Snowden,
Speaker 8: who leaked classified documents then fled to Russia, where he's
Speaker 8: now a citizen. Democratic Senator Michael Bennett of Colorado.
Speaker 9: Is Edward Snowden a trader to the United States of America.
Speaker 8: As someone who has to go on in combat, I
Speaker 8: understand how critical our national security.
Speaker 6: Farely you don't.
Speaker 8: Gabbard's nomination is not certain, with many Republicans declining to
Speaker 8: declare their support and Democrats criticizing her for appearing sympathetic
Speaker 8: toward authoritarians like Russia's Vladimir Putin and Syria's Bashar al Asad.
Speaker 8: In Washington, Amy Morris Bloomberg Radio.
Speaker 2: All right, Amy, thank you about cash battel President Trump's picctilly.
Speaker 2: The FBI also had his confirmation. Hearing, Battel insisted that
Speaker 2: he did not have an enemy's list. He also said
Speaker 2: he would not seek retribution against the president's adversaries or
Speaker 2: launch investigations for political reasons.
Speaker 10: The only thing that will matter if I'm confirmed as
Speaker 10: a director of the FBI is a de weaponized, depoliticized
Speaker 10: system of law enforcement, completely devoted to rigorous obedience of
Speaker 10: the Constitution and a singular standard of justice.
Speaker 2: Patel sought on multiple occasions to reassure Democrats that his
Speaker 2: FBI would be independent from the White House. He would
Speaker 2: not acknowledge that Trump had lost the twenty twenty election,
Speaker 2: conceding only that Joe Biden was sworn in as president.
Speaker 3: During the markets now, Karen, futures are higher. We close
Speaker 3: out the trading week, thanks in part to big tech earnings.
Speaker 3: Shares of Apple are hired by more than three percent.
Speaker 3: The iPhone maker gave a reassuring revenue forecast for the
Speaker 3: current quarter, offsetting holiday results which showed jarring declines for
Speaker 3: China and the iPhone. Apple CEO Tim Cook spoke on
Speaker 3: the earnings call.
Speaker 9: If you look at our Greater China revenue for the quarter,
Speaker 9: we were down eleven percent year over year, and over
Speaker 9: half of the decline that we experienced was driven by
Speaker 9: a change in channel inventory.
Speaker 3: Apple CEO Tim Cook says sales this quarter will grow
Speaker 3: by a percentage in the low two mid single digits, and.
Speaker 2: Nathan Intel shares are up two percent. The chip maker
Speaker 2: reported better than expected fourth quarter revenue, but did warrant
Speaker 2: that it's pushed to become more competitive is still a
Speaker 2: work in progress. However, Intel did not give a status
Speaker 2: update on his search for a new CEO.
Speaker 3: Now, Karen of Bloomberg News exclusive US officials are investigating
Speaker 3: whether Chinese AI startup Deep Seek circum dented restrictions on
Speaker 3: advanced chips from Nvidia. The Biden administration cut off China's
Speaker 3: access to a range of Nvidia's most powerful chips. Now
Speaker 3: we're told US officials are looking at whether they were
Speaker 3: acquired through third parties in Singapore. Here's Bloomberg's Senior Executive
Speaker 3: editor for Technology, Tom Giles.
Speaker 11: This is a technology that deep Seek says is cheaper,
Speaker 11: it was less expensive to develop, and now rivals like
Speaker 11: Microsoft and Open Ai, as well as US officials including
Speaker 11: the FBI and the White House the Treasury Department are
Speaker 11: looking into where did they get this technology.
Speaker 3: Bloomberg's Tom Giles notes President Trump's pick to lead the
Speaker 3: Commerce Department, Howard Lutnick, is suggesting deep seak evaded US
Speaker 3: export controls.
Speaker 6: Time now for look at.
Speaker 2: Some of the other stories making news in New York
Speaker 2: and around the world, And for that we're joined by
Speaker 2: Bloomberg's John Tucker. John, good morning, and.
Speaker 6: Good morning, Karen.
Speaker 12: The US figure skating community mourning the loss of fourteen
Speaker 12: members who were killed aboard the American Airlines flight the
Speaker 12: Colis with that Army helicopter over the Potomac. Sixteen year
Speaker 12: old Spencer Lane was one of the members of USA
Speaker 12: Skating who was on board. His friend and fellow skater
Speaker 12: Roan Lecoq, remembered him as an inspiration.
Speaker 13: He had a really great future. It was really promising
Speaker 13: for him. He had a lot of potential. It's really
Speaker 13: heartbreaking just knowing that this was the outcome.
Speaker 12: Members of USA Skating were flying back from a competition
Speaker 12: in Wichita, Kansas. The Senate has voted seventy nine to
Speaker 12: eighteen to confirm former North Dakota Governor Doug Bergham as
Speaker 12: Interior Secretary. This as President Trump moves forward with implementing
Speaker 12: his energy agenda. Berger will oversee the Interior Department, which
Speaker 12: manages more than six hundred million acres of public land
Speaker 12: at all federally owned oil, natural gas, at other minerals.
Speaker 12: Uber is alleging a fraud scheme by New York groups
Speaker 12: faking carkrash injuries. Let's get that story this morning from
Speaker 12: Bloomberg's Charlie Pellett.
Speaker 14: The ride sharing giant filed a racketeer ring lawsuit against
Speaker 14: a group of law firms, doctors, and pain management clinics.
Speaker 14: It claims staged fake car accidents and performed unnecessary surgeries
Speaker 14: to take advantage of New York's lucrative no fault insurance policies.
Speaker 14: In a lawsuit filed in federal court in Brooklyn, Uber
Speaker 14: said since at least twenty nineteen, the group has conspired
Speaker 14: quote to exploit passengers in purported or actual minor vehicle
Speaker 14: collisions in New York. Charlie Powac Bloomberg Radio.
Speaker 12: And Vertex Pharmaceuticals has gained US approval for the first
Speaker 12: new type of painkiller in more than two decades. It
Speaker 12: pays the way for a safer alternative to addictive opioids
Speaker 12: that have been linked to hundreds of thousands of deaths
Speaker 12: in the US. Global news twenty four hours a day
Speaker 12: and whatever you want it with Bloomberg News.
Speaker 15: Now.
Speaker 12: I'm John Tucker, and this is Bloomberg. Karen.
Speaker 6: All right, John, thank you.
Speaker 2: Time now for the Bloomberg Sports Update, brought to you
Speaker 2: by Trice State Ownie. And for that we bring in
Speaker 2: John Stamshower, John, good morning.
Speaker 1: Good morning, Care and spring training starts in less than
Speaker 1: two weeks. Still some unsigned free agents like Pete Alonzo,
Speaker 1: Alex Bregman, Max Schurzer.
Speaker 14: Does now have his deal.
Speaker 1: At age forty, he'll pitch an eighteenth big league season
Speaker 1: for the Toronto Blue Jays. It's his seventh different team.
Speaker 1: Scherzia has not been healthy much of the past two seasons,
Speaker 1: only made nine starts in twenty twenty.
Speaker 6: Four for Texas.
Speaker 1: No New York Hockey or hoop teams played tonight and
Speaker 1: only one played last night. That's the Islanders made it
Speaker 1: six wins in a row, three nothing at Philadelphia, twenty
Speaker 1: three saves for Ilias Sirroken. The Bruins lost to Winnipeg
Speaker 1: sixty two. Jets scored four in the third period. Capital's
Speaker 1: lost in overtime at Ottawa in defeat. Career goal number
Speaker 1: eight seventy six for Alex Loveski. He's nineteen away from
Speaker 1: breaking Wayne Gretzky's record. The Lakers won by thirty eight
Speaker 1: in Washington and now Lebron in La come to the
Speaker 1: Garden to play the Red Hot Knicks tomorrow night. Good
Speaker 1: MSG doubleheader at noon tomorrow at Saint John's, also Red Hot.
Speaker 1: Taking on Providence Golf a pebble beech American Russell Henley
Speaker 1: choine eight hunder sixty. Ford's got a one shot lid.
Speaker 1: Rory McElroy trails by two. He started on the back
Speaker 1: nine at Spyglass Hill. Here was Rory on the one
Speaker 1: hundred and nineteen yard fifteenth hole, his sixth of the day.
Speaker 10: Who has some adult spin control here playing downhill seven,
Speaker 10: so it's one hundred and twelve yards and this looks
Speaker 10: pretty good.
Speaker 6: Hotly fluent in Ry Mcklelroy holy.
Speaker 1: Cown straight in no bounced golf channel to call it's
Speaker 1: his third career ace in a professional tournament. Later in
Speaker 1: the day, Shane Lowry from Ireland also had a hole
Speaker 1: in one on a different hole. Chaston Eagles arrived Sunday
Speaker 1: in New Orleans, hosting it's eleven Super Bowl time with
Speaker 1: Miami for the most. NFL says all week they'll be
Speaker 1: increased security in the wake of the terror attack in
Speaker 1: New Orleans. On New Year's John Stanshanwer Bloomberg Sports Kenry
Speaker 1: Nathan Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, and.
Speaker 6: Around the world on Bloomberg dot Com and the Bloomberg
Speaker 6: Business app. This is Bloomberg Dbreak. Good morning. I'm Nathan Hager.
Speaker 3: The investigation continues into the crash of American Eagle Flight
Speaker 3: fifty three forty two of the Blackhawk helicopter outside Washington's
Speaker 3: Reagan National Airport.
Speaker 6: The disaster left no survivors.
Speaker 3: Investigators now have the task of determining how this could
Speaker 3: have happened in one of the most closely monitored skies
Speaker 3: in the country. Joining us now for the latest is
Speaker 3: Benedict Commell. Once again, he's head of global aviation coverage
Speaker 3: for Bloomberg News. Benedict, good morning. As we understand it now,
Speaker 3: the National Transportation Safety Board says it has recovered both
Speaker 3: black boxes from that American Eagle jet.
Speaker 6: What can we expect to learn from that evidence? Good morning,
Speaker 6: Good morning.
Speaker 15: Yes, indeed, those two black boxes have been recovered, and
Speaker 15: that is in any inquiry, and an important line. They
Speaker 15: contain voices from the cockpit. They also contain key metrics
Speaker 15: of the flight performance, and those will be very closely
Speaker 15: read out and then sort of analyzed. That will take time,
Speaker 15: and that is essentially one key line from the NTSB
Speaker 15: that we heard yesterday that this is not a quick turnaround,
Speaker 15: and it never really is. If there's one thing that
Speaker 15: can be said about typical air disaster crashes, if there
Speaker 15: is such a thing, is that it takes time. They
Speaker 15: work slowly, they work methodically. These are professionals, and they
Speaker 15: want to piece all the pieces of evidence back together.
Speaker 15: So they said, give us time, don't rush to any
Speaker 15: quick conclusions. And in some ways that might have been
Speaker 15: a bit of a sort of a nod to what
Speaker 15: happened yesterday in Washington, where there were some rather swift
Speaker 15: pronouncements of what might have happened. So the NTSB sort
Speaker 15: of trying to put a bit of a brake on
Speaker 15: it all and saying, we've got this, let us do
Speaker 15: our work. So the black boxes will be a key
Speaker 15: feature of that. Other areas that will be looked at
Speaker 15: is the communications between the tower and the helicopter and
Speaker 15: the aircraft. Might one of these aircraft have been out
Speaker 15: of position or sort of at a wrong kind of altitude?
Speaker 15: Was that hower properly starts? So there are lots of
Speaker 15: elements to this investigation that will be monitored in the
Speaker 15: next couple of days.
Speaker 3: And we well, Benedict, when can we expect to get
Speaker 3: firmer answers from not just the NTSB, but from so
Speaker 3: many of the other agencies involved in this investigation. The
Speaker 3: fact that we have a black Hawk helicopter involved means
Speaker 3: the Pentagon is part of this as well.
Speaker 15: Yes, you're right, So it is a blend of organizations
Speaker 15: that are monitoring this and that are going through this.
Speaker 15: The NTSB said there will be a pullinary preliminary report
Speaker 15: in thirty days. We don't quite know at this point
Speaker 15: what the Pentagon will say, so won't there will be
Speaker 15: regular updates, but a proper report that will really establish
Speaker 15: what might have happened. That will take time. Now, you
Speaker 15: do have the political component in this, and we've got
Speaker 15: a taste of that yesterday in the press conference by
Speaker 15: President Donald Trump. He was flanked by Sean Duffy, the
Speaker 15: new Transport Secretary, and Pete hess the new Defense Secretary,
Speaker 15: and also j Evans, the Vice President. They were all
Speaker 15: there in the same room and they all spoke, and
Speaker 15: that obviously gave that entire investigation a more sort of
Speaker 15: political tint. So those are sort of the different lines
Speaker 15: of inquiry that will happen in you know, in parallel,
Speaker 15: the NTSB, the Pentagon, and then the political dimension.
Speaker 3: Now, in terms of the political dimension of this, Benedict
Speaker 3: as we heard from the President yesterday, seemed to really
Speaker 3: single out diversity, equity and inclusion programs within the Federal
Speaker 3: Aviation Administration.
Speaker 6: What do we know when.
Speaker 3: It comes to staffing at places like air traffic control.
Speaker 15: Well, the one thing that we do know, and this
Speaker 15: is something that the head of the FAA and others
Speaker 15: in that kind of space have lamented in the past,
Speaker 15: that these are agencies that are understaffed, and it's something
Speaker 15: that has been going on for a long time. This
Speaker 15: isn't just a recent phenomenon. This is something that's gone
Speaker 15: on for a long time and has become more pronounced
Speaker 15: under COVID when a lot of people left the industry
Speaker 15: and have not returned. So this is an industry that
Speaker 15: still struggles with chronic understaffing and as trying to get
Speaker 15: people back in. That's what we can say definitively. Now, obviously,
Speaker 15: Trump went one step further and said we have not
Speaker 15: just too few people, but the wrong types of people
Speaker 15: in these types of jobs. I mean, he said, you know,
Speaker 15: we need brilliant people doing this that those were his words,
Speaker 15: and he said, I'm not quite sure that we have
Speaker 15: those types of people. So he tried to create a
Speaker 15: link between the DEI practices under his predecessor, under President
Speaker 15: Biden and going back as far as President Obama and
Speaker 15: what transpired over the skies of Washington, you know, less
Speaker 15: than forty eight hours ago. So you could say that's
Speaker 15: an unusual politicization of the tragedy, and that is a
Speaker 15: narrative that will be closely watched. Obviously, there's been a
Speaker 15: lot of pushback from those targets already saying this is
Speaker 15: a brazen attempt to beat the blame on somebody else.
Speaker 15: So this back and forth will certainly be and remain
Speaker 15: a feature of this investigation.
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