Speaker 1: From the Bloomberg Interact at Burgers Studios. This is Bloomberg
Speaker 1: day Break for Tuesday, April fourth. Coming up today, Donald
Speaker 1: Trump is arraigned in Manhattan following his indictment by a
Speaker 1: New York grand jury. Both the former president and Manhattan
Speaker 1: District Attorney speak at separate events following the arrangement. The
Speaker 1: judge in the case bars any broadcasts to the proceedings
Speaker 1: and credit Sweez holds its first shareholder meeting since the
Speaker 1: Ubs takeover. A construction accident at JFK Airport leaves two
Speaker 1: workers dead, plus new details on the Nashville school shooter.
Speaker 1: I'm Michael barn More ahead, I'm John Stash Aaron Sports.
Speaker 1: The Yukon Huskies won the Nclblad Tournament for the fifth time.
Speaker 1: The Yankees won, the Mets lost. That's all straight Ahead
Speaker 1: on Bloomberg day Break, The business news you need disturn
Speaker 1: your day, and just one fifteen minute podcast each pointing
Speaker 1: on Apples, Spotify, the Bloomberg Business Appen everywhere you get
Speaker 1: your podcasts. Good morning, I'm Nathan Hager and I'm Cameron Moscow.
Speaker 1: Here are the stories we're following today. We begin this
Speaker 1: morning on a historic day with former President Donald Trump
Speaker 1: said to be a rain in Manhattan. Let's get the
Speaker 1: latest live with Bloomberg's John Tucker. John Nathan, the forty
Speaker 1: fifth President flew to New York from Florida yesterday and
Speaker 1: proceeded by motorcade to Trump Tower on Fifth Avenue, where
Speaker 1: he's spending the night. From there, he's going to travel
Speaker 1: to Criminal Court in Lower Manhattan this morning and stand
Speaker 1: before New York State Supreme Court Justice one merchant to
Speaker 1: be arraigned and booked on charges related to hush money payments.
Speaker 1: At the White House, President Biden was asked if he
Speaker 1: was concerned about possible protests getting out of hand nor
Speaker 1: her faith to New York. There is a massive police
Speaker 1: presence in the city this morning. The New York Young
Speaker 1: Republican Club is promoting what it calls a peaceful rally
Speaker 1: for Trump across from the Court House. It's supposed to
Speaker 1: feature Congresswoman Marjorie Taylor Green. Meantime, Trump has added another
Speaker 1: attorney to his team, former federal Prosecutor Todd blanche the DA.
Speaker 1: Alvin Bragg will have a press conference after the arraiment,
Speaker 1: and Donald Trump is expended to make remarks from Maral logo. Tonight,
Speaker 1: Live in New York, I'm John Tucker, Bloomberg Daybreak. All right, John,
Speaker 1: Thanks Well, don't expect to see any of the actual
Speaker 1: legal proceedings today. Much of it will happen behind closed doors,
Speaker 1: and we get the details from Bloomberg. Steve Rappaport, Steve
Speaker 1: Karen Nathan. Today's arraignment is a test of precedence and patience,
Speaker 1: as the judge denied a request from news organizations to
Speaker 1: broadcast the former president's appearance. Forget about reporters tweeting in
Speaker 1: real time. Judge Juan Merchant also barred all electronic devices.
Speaker 1: Members of the press and public will have access to
Speaker 1: an overflow room to watch through closed circuit TV. Anyone
Speaker 1: not on site. We'll get a glimpse of Trump in
Speaker 1: the hallway or in the courtroom before the hearing gets underway.
Speaker 1: Those are the only moments that news photographers will be
Speaker 1: allowed to snap today, Live in New York. I'm Steve Rappaport,
Speaker 1: Bloomberg Daybreak. Thank you, Stevell. The more legal pressure former
Speaker 1: President Trump faces, the stronger he gets. That's according to
Speaker 1: Trump's former acting White House Chief of Staff, Mick Mulvaney.
Speaker 1: The reason he says, is because it keeps the spotlight
Speaker 1: on him and off his opponents. If everybody's talking about
Speaker 1: the same thing, how do you get separation from the
Speaker 1: rest of the pack? Question becomes what makes you different?
Speaker 1: What makes you better? Why should I vote for you
Speaker 1: instead of Donald Trump? If I think the world is
Speaker 1: going in the wrong direction, why are you more likely
Speaker 1: to move it back to Donald Trump? That's what they
Speaker 1: have to answer. Mcmulvaney spoke with our Washington correspondent Joe
Speaker 1: Matthew on Bloomberg's Sound on. You can catch the show
Speaker 1: weekdays at one pm Eastern on Bloomberg Radio or listen
Speaker 1: on demand wherever you get your podcasts. Well, we turn
Speaker 1: to the markets now, Nathan, and oil is rising again.
Speaker 1: It's building on yesterday's six percent rally. Right now, NIMEX
Speaker 1: Screwed oil is up four tenths of up percent. It's
Speaker 1: at eighty dollars seventy three cents A barrel brand is
Speaker 1: up a quarter percent at eighty five dollars fifteen cents.
Speaker 1: And the game comes as President Biden downplays the announced
Speaker 1: production cut from OPEC, but the move puts administration officials
Speaker 1: in a tricky position and Bloomberg's Amy Morris has details
Speaker 1: from our ninety nine one newsroom in Washington. Administration officials
Speaker 1: are trying to find a balance between denouncing the move
Speaker 1: and not souring relations with Saudi Arabia. National Security Council
Speaker 1: spokesman John Kirby says they were warned the cut was coming,
Speaker 1: but they don't know what prompted it. I can't even
Speaker 1: begin to speculate why this decision was made. We don't know.
Speaker 1: We've been consistent in our plans to refill the Strategic
Speaker 1: Petroleum Reserve. Kirby pointed out crude oil prices have fallen significantly,
Speaker 1: and he says the decision was made by the entirety
Speaker 1: of the OPEC plus cartel, suggesting the US did not
Speaker 1: hold the Saudis solely responsible. In Washington, I'm Amy Morris,
Speaker 1: Bloomberg Daybreak, Thanks Amy. High oil prices are leading to
Speaker 1: concerns about hotter inflation. Still, Federal Reserve Governor Lisa Cook
Speaker 1: says price pressure is starting to ease. At the same time,
Speaker 1: she warns the fight against inflation remains front and center
Speaker 1: thanks to a tight labor market, the war in Ukraine
Speaker 1: and the reopening of China saying wage games moderating quite
Speaker 1: a bit, so that I think is a hopeful side.
Speaker 1: But the disinflationary processes and I think it's it's it's
Speaker 1: in process, it's in train. We're not there yet. FED
Speaker 1: Governor Lisa Cook says the Central Bank remains focused solely
Speaker 1: on fighting inflation because the job market seems to be
Speaker 1: doing all right well in Europe today, Nathan credit swieholds
Speaker 1: a shareholder meeting. It's the first and last opportunity for
Speaker 1: them to speak directly to the board after a government
Speaker 1: orchestrated rescue of the bank. And Bloomberg's Maryon Halfdemeyers and
Speaker 1: Zurich covering the meeting for US. This is the first
Speaker 1: time in three years that shareholders will actually be able
Speaker 1: to be face to face with their board of directors
Speaker 1: because in the last couple of years, the pandemic has
Speaker 1: has made these agms virtual. So this will be, you know,
Speaker 1: an opportunity for shareholders to event about the last three
Speaker 1: years of scandals and mismanagement at this bank um and
Speaker 1: you know, the last time that they will be able
Speaker 1: to do so. Once this, you know, this bank marks
Speaker 1: with CBS and Bloomberg's Maryon Holftelmeyer says. Credit Swiss chairman
Speaker 1: Axe Lehman has our Axel Lehman has apologized to shareholders
Speaker 1: for failing to stem the crisis. Back here in the US,
Speaker 1: Karen job cuts are coming to the largest private sector employer, Walmart,
Speaker 1: is eliminating more than two thousand positions at five e
Speaker 1: commerce fulfillment centers. A spokesman says Walmart is also growing
Speaker 1: in some areas as it adjusts its stores and fulfillment
Speaker 1: centers to handle more online orders. That may allow the
Speaker 1: company to reshuffle some workers to other jobs rather than
Speaker 1: cut them. It's forty nine degrees in New York. It'll
Speaker 1: be partly sunny today, getting into the upper sixties. Chance
Speaker 1: for a few showers this evening on our way down
Speaker 1: to the low fifties. Time now to take a look
Speaker 1: at some of the other stories making news in New
Speaker 1: York and around the world. Good morning, Michael Barr, Good
Speaker 1: morning Nathan. A horrible accident at JFK Airport has left
Speaker 1: two construction workers dead. It happened during a trench collapse yesterday.
Speaker 1: Rescue crews tried to save the workers from the rubble,
Speaker 1: but they were both pronounced dead on the scene. The
Speaker 1: accident happened near Terminals five and seven. New details in
Speaker 1: the last week school shooting in Nashville. Police say the
Speaker 1: attack on Covenant School was planned for months. Authorities also
Speaker 1: say the shooter, twenty eight year old Audrey Hale, unleashed
Speaker 1: more than one hundred and fifty bullets before being taken
Speaker 1: down by officers gunfire. Three children and three adults were killed. Meanwhile,
Speaker 1: Republicans and Tennessee have taken the first steps to remove
Speaker 1: three Democratic lawmakers, citing their involvement in gun control rallies
Speaker 1: at the state capitol. The Tennessee House will vote Thursday
Speaker 1: whether to expel Gloria Johnson, Justin Jones, and Justin Pearson.
Speaker 1: Congressman Pearson defended himself on the House floor. If this
Speaker 1: House decides to expel me for exercising our First Amendment
Speaker 1: right to help elevate the voices in our community who
Speaker 1: want to see us act to prevent gun violence, then
Speaker 1: they can do as they feel they must. But I
Speaker 1: and we must always stand up for what we believe
Speaker 1: to be right and just. This comes as students and
Speaker 1: teachers across the Nashville area walked out of class and
Speaker 1: marched on the Tennessee State Capitol demanding stricter gun. The
Speaker 1: NYPD says two of the three suspects wanted in the
Speaker 1: drugging depths of two men after they left clubs in
Speaker 1: Manhattan have surrendered to detectives. Robert Demo turned himself into police.
Speaker 1: Jacob Barroso was arrested on Saturday. Chicago voters are choosing
Speaker 1: a new mayor to lead the heavily democratic city. Today's
Speaker 1: runoff pits former Chicago School CEO Paul Vallis against progressive
Speaker 1: Brandon Johnson. NASA revealed which astronauts are going to the
Speaker 1: Moon in their latest project, and includes Commander Reed Weissman,
Speaker 1: pilot Victor Glover, Canadian astronaut Jeremy Hanson, and mission specialist
Speaker 1: Christina Cook becoming the first woman to travel into the Moon.
Speaker 1: We recognize how important it is that every single person
Speaker 1: who has a contribution to make is going to be
Speaker 1: able to make that contribution, and our missions will be
Speaker 1: more successful as a result. The Artemists two Crew is
Speaker 1: expected to launch in November of twenty twenty four. Global
Speaker 1: News twenty four hours a day, powered by more than
Speaker 1: twenty seven hundred journalists and analysts, and over one hundred
Speaker 1: and twenty countries. Michael Mayer, this is Bloomberg, Nathan. Thank you, Michael.
Speaker 1: Time now for our Bloomberg Sports update. For that, we're
Speaker 1: bringing John's stash our all right, Nathan. Amazing what the
Speaker 1: Yukon Huskies have done over the last less than thirty years.
Speaker 1: Eleven national championships in women's basketball and now five more
Speaker 1: by the men. They've won with three different coaches. Jim
Speaker 1: Calhoun won three titles, Kevin Ollie won nine years ago,
Speaker 1: and then Houston another NCAA tournament. Wrapped up by the Huskies.
Speaker 1: They meet San Diego State in the final, seventy six
Speaker 1: to fifty nine. Their coach now is Dan Hurley. So
Speaker 1: it feels great to come through on promises made by
Speaker 1: me to all the great people in Connecticut and then
Speaker 1: with these guys. This was our vision, this was our dream.
Speaker 1: This is what we talked about when we recruited these guys,
Speaker 1: that we could get together and do something big like this,
Speaker 1: And it's just great to come through on promises made
Speaker 1: to players and to this universe. Earlier, the son of
Speaker 1: a hall of fame high school coaching legend in New Jersey,
Speaker 1: Yukon had some down years. Came into this season having
Speaker 1: not won a single NCWA Tourney games since twenty sixteen,
Speaker 1: and this year they won six tourney games, and they
Speaker 1: won them by an average of twenty points. Yankees third
Speaker 1: one of the season. They've only allowed one run. Of
Speaker 1: those three wins at the Stadium eight to one over
Speaker 1: the still winless Phillies. Nestor Cortez got to win home
Speaker 1: runs by Claver Torres and Anthony Rizzo. Mets lost in
Speaker 1: Milwaukee ten to nothing Brewers with a seven run fifth
Speaker 1: inning included a Bryce Terrangue grand slam. Carlos Carrasto gave
Speaker 1: up five runs and then Tommy Hunter served up five more.
Speaker 1: Carrasto got called for a pitchclock violation before his first
Speaker 1: pitch of the day. Anthony Randona the Angels suspended four
Speaker 1: games by MLBA. Video caught him making physical contact with
Speaker 1: a fan in Oakland. Nets and Devils have home games tonight.
Speaker 1: John stash Award Bloomberg Sports Live from coast to coast,
Speaker 1: from New York to San Francisco, Boston to Washington, d C.
Speaker 1: Nationwide on Sirius XM, the Bloomberg Business app, and Bloomberg
Speaker 1: dot Com. This is Bloomberg Day Break. Good morning, I'm
Speaker 1: Nathan Hager. Will be another historic day in the unprecedented
Speaker 1: presidency and post presidency of Donald Trump. In just a
Speaker 1: few hours, he will arrive at a courthouse in Lower
Speaker 1: Manhattan to enter a not guilty plead to the first
Speaker 1: ever criminal charges against a former president. Ahead of that,
Speaker 1: we're joined live by Bloomberg's Pretty Guta. She's outside the
Speaker 1: courthouse for us this morning. Go ahead and set the
Speaker 1: scene for us, pretty What are we expecting later today? Well,
Speaker 1: I'm standing right outside the District Attorney's office in the
Speaker 1: courthouse in southern Manhattan or downtown Manhattan. For our global audience,
Speaker 1: this is basically right on the cost of Wall Street.
Speaker 1: What you're seeing here is a very escalated media president.
Speaker 1: You're seeing a lot of barricade, and you're forcing a
Speaker 1: lot of press presidents as well. Essentially, the New York
Speaker 1: community is bracing for some sort of widescale impact protest
Speaker 1: rallies in preparation for President Trump's or former President Trump's
Speaker 1: arraignment right out here where I'm standing from the courthouse.
Speaker 1: And what kind of commotion could we expect. We'd heard
Speaker 1: some reports that there might be some kind of demonstration
Speaker 1: involving or what the New York Young Republicans, what's that about. Well,
Speaker 1: there are a lot of different groups here on both
Speaker 1: sides of this issue. Remember, I think for a global audience,
Speaker 1: it is important to remember he is still a former
Speaker 1: content is still not only a former president, but a
Speaker 1: contender for the twenty twenty four presidential election. You are
Speaker 1: going to see both protests and rallies supporting and trying
Speaker 1: to push him out as well really talking about what
Speaker 1: the charges actually are when it comes to what he's
Speaker 1: really responsible for. A look, people are holding him accountable
Speaker 1: for things like a role in the Capital Insurrection, either
Speaker 1: one of the potential charges he will be charged with
Speaker 1: today in the arraignment, things like what his role wasn't
Speaker 1: overturning the Georgia election count in twenty twenty in addition,
Speaker 1: of course, to the alleged hush money payments of one
Speaker 1: hundred and thirty thousand former adult film star Stormy Daniels,
Speaker 1: among others. So there's a lot to digest here, and
Speaker 1: of course, like I said, you are really preparing not
Speaker 1: just for that group that you mentioned, but for a
Speaker 1: lot of different groups to show up here. But perhaps
Speaker 1: show up more near his home in Trump's Hower, closer
Speaker 1: to Central Park, and that's really where we're going to see.
Speaker 1: They already have seen a lot of the actions now
Speaker 1: in terms of the case that's coming forward today, this
Speaker 1: is related to the hush money payments to Stormy Daniels
Speaker 1: during the twenty sixteen campaign. But as far as that goes,
Speaker 1: we've heard a number of reports that there could be
Speaker 1: multiple counts against the former president, but at this point
Speaker 1: we don't really know exactly what they are, right, No,
Speaker 1: we don't. We're looking for anywhere as it's twenty four
Speaker 1: to thirty different charges. Now, the assumption here is Alan
Speaker 1: Bragg is going to pursue the one hundred and thirty
Speaker 1: thousand hush money payments that you just reference. But the
Speaker 1: takeaway here is that don't seem to be the game
Speaker 1: changer for Alvin Bragg, and really all comes down to
Speaker 1: his star witness, Michael Cohen, who used to be an
Speaker 1: employee of President Trump and his kind of a fixture
Speaker 1: essentially who allegedly made the payments for President Trump. But
Speaker 1: he's the one who kind of turns code here and said, look,
Speaker 1: I'm happy to be your star witness, and that seems
Speaker 1: to be the game changer, which is why the assumption
Speaker 1: here is that's the account that Alvin Bragg Is pointed
Speaker 1: leader the Tener point there are a lot of other charges. Remember,
Speaker 1: you are also dealing with the New York Attorney General
Speaker 1: Latitia James looking at the same time into President Trump
Speaker 1: and his family members about manipulating company asset values as well.
Speaker 1: So there's a lot to digest here in terms of
Speaker 1: what actually shows up in the chargets today, in terms
Speaker 1: of what we could see at the courtroom later this afternoon.
Speaker 1: The cameras aren't going to be allowed into the courtroom,
Speaker 1: so it could be quite a while before we know
Speaker 1: exactly what the president is charged with in this case,
Speaker 1: isn't it Yes, that's absolutely true. That looks like the
Speaker 1: judge last night made a decision there will be no
Speaker 1: live broadcasting of the arrayment, potentially no live broadcasting of
Speaker 1: the trial itself, but they will, however, allow photographs before
Speaker 1: the arrayment is to start. So you're one hundred percent
Speaker 1: right that we may actually not know what the counsel,
Speaker 1: what's the charges actually are for days, weeks, even months
Speaker 1: as the trial of kick Stock and ahead of this,
Speaker 1: we know that the former president has added to his
Speaker 1: legal defense team. He's gotten even more lawyers behind him.
Speaker 1: What does that tell you about how this could go?
Speaker 1: We got about a minute left. Yeah, we run about
Speaker 1: a quick change to the legal team, and I think
Speaker 1: what's really the takeaway from that, It's going to be
Speaker 1: how the Trump defense team is actually approaching this court case.
Speaker 1: Look over the weekend, who was his lead counsel, Joe Takakina,
Speaker 1: did actually come out and say, Look, we are not
Speaker 1: trying to make this theater We're not trying to make
Speaker 1: the showmanship at all. We're not going to even file
Speaker 1: to dismiss. We are going to plead not guilty. And
Speaker 1: that is a big, big sign because looks of residing
Speaker 1: judge is one merchant who President Trump has very vocally
Speaker 1: said one merchant hates me. So the initial reaction was that, well,
Speaker 1: maybe he would try to get the judge removed. Those
Speaker 1: efforts haven't happened yet, So there is a very very
Speaker 1: large effort to keep this under wrap. This is Bloomberg
Speaker 1: Daybreak Today, your morning brief on the story's making news
Speaker 1: from Wall Street to Washington and beyond. Look for us
Speaker 1: on your podcast feed. At six am Stern each morning
Speaker 1: on Apple, Spotify, and anywhere else you get your podcasts.
Speaker 1: You can also listen live each morning starting at five
Speaker 1: am Wall Street Time on Bloomberg eleven three zero in
Speaker 1: New York, Bloomberg ninety nine one in Washington, Bloomberg one
Speaker 1: oh six one in Boston, and Bloomberg nine sixty in
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Speaker 1: eleven thirty plus listen coast to coast on the Bloomberg
Speaker 1: Business app, serious XM Channel one nineteen, the iHeartRadio app,
Speaker 1: and on Bloomberg dot Com. I'm Nathan Hager and I'm
Speaker 1: Karen Moscow. Join us again tomorrow morning for all the
Speaker 1: news you need to start your day right here on
Speaker 1: Bloomberg Daybreak