WEBVTT - Mass Arrests amid Israel-Hamas War; Tesla's Critical Q1 Report

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio news. Good morning, I'm Nathan

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<v Speaker 1>Hager and I'm Karen Moscow. Here are the stories we're

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<v Speaker 1>following today.

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<v Speaker 2>We begin with demonstrations on college campuses across the country

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<v Speaker 2>tied to the Israel Hamas conflict in Gaza. More than

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<v Speaker 2>one hundred students were arrested last week for trespassing at

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<v Speaker 2>a pro Palestinian rally at Columbia University. Now similar protests

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<v Speaker 2>are cropping up at other elite institutions. Early yesterday, police

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<v Speaker 2>at Yale arrested sixty people, including forty seven students. Protesters

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<v Speaker 2>established an encampment as well at a central building on

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<v Speaker 2>the campus of MIT. Some of these demonstrations have featured

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<v Speaker 2>anti Semitic and intimidating chants and posters. President Biden responded

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<v Speaker 2>yesterday as he left an Earth Day event in Virginia.

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<v Speaker 3>I condemn that a protests.

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<v Speaker 4>That's why I've set up I programmed to do with that.

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<v Speaker 5>I also condemned those who don't understand what's going on

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<v Speaker 5>with the Palestinians ya pisident.

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<v Speaker 2>Biden is expressing concerns about anti Semitic violence during this

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<v Speaker 2>week's Passover holiday. The protesters say their goal is to

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<v Speaker 2>draw attention to the humanitarian concerns in.

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<v Speaker 4>Gaza, Well Nathan.

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<v Speaker 1>The protests have drawn condemnation from not only the White House,

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<v Speaker 1>but billionaire university donors are speaking out as well. New

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<v Speaker 1>England Patriots owner Robert Kraft is pulling his support for

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<v Speaker 1>Columbia University over the treatment of Jewish students and faculty

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<v Speaker 1>during the protests. He tells Fox News, this is unacceptable.

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<v Speaker 6>I just can't believe in New York City, at Columbia University,

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<v Speaker 6>Jewish students are afraid to go to classes. It's just

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<v Speaker 6>in the United States of America in twenty twenty four.

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<v Speaker 4>It's amazing to me.

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<v Speaker 1>And the horrible and the announcement from Bob Kraft, a

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<v Speaker 1>former Columbia student and major donor, adds to pressure on

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<v Speaker 1>the university, whose president is facing calls by members of

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<v Speaker 1>Congress to resign. Billionaire Leon Cooperman is also weighing his

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<v Speaker 1>support for Columbia, calling the protesters quote crazy and saying

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<v Speaker 1>they need to be controlled and Karen.

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<v Speaker 2>These protests come as Israel returns its focus to the

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<v Speaker 2>city of Rafa. Israel wants to eliminate what it says

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<v Speaker 2>is the last remaining Hamas stronghold in Gaza. A potential

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<v Speaker 2>invasion of that Egyptian border city is reviving international concerns

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<v Speaker 2>about the fate of about a million civilians sheltering there.

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<v Speaker 2>The US has strongly urged Israel not to invade the

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<v Speaker 2>densely populated city.

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<v Speaker 1>Meanwhile, Nathan the US Secretary of State, is denying a

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<v Speaker 1>human rights double standard for Israel. Anthony Blenkin told reporters

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<v Speaker 1>in Washington yesterday that the US is examining allegations of

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<v Speaker 1>human rights and international law violations in Gaza by both

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<v Speaker 1>Israel and Tomas.

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<v Speaker 7>We are looking into reports incidents that are brought to

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<v Speaker 7>our attention, and we have a process to do that,

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<v Speaker 7>particularly if there are questions about whether US arms have

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<v Speaker 7>been involved.

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<v Speaker 1>And Secretary of State Anthony Lincoln's comments follow the State

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<v Speaker 1>Department's release of its twenty twenty three country reports on

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<v Speaker 1>human rights practices.

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<v Speaker 4>And turning the focus to China.

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<v Speaker 2>Now, Karen Apple's iPhone sales in the country have seen

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<v Speaker 2>their worst performance since twenty twenty. That's according to data

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<v Speaker 2>from the independent research firm Counterpoint. It says sales in

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<v Speaker 2>China fell nineteen percent in the first quarter. In contrast,

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<v Speaker 2>Huawei saw its sales climb by almost seventy percent over

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<v Speaker 2>the same period. Bloomberg's edwin Chan has more details from

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<v Speaker 2>Hong Kong.

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<v Speaker 8>This is the first kind of real snapshot of what's

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<v Speaker 8>happening in China. What it is is Apple's popularity has

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<v Speaker 8>been steadily declining, I think around the time, but certainly

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<v Speaker 8>not just off the Huawei released it's now infamous sixtiespotful

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<v Speaker 8>into one fifty advanced made in China Chip. I think

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<v Speaker 8>what that was was kind of a wake up call

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<v Speaker 8>to many of humus within the country that local brands

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<v Speaker 8>can all perform.

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<v Speaker 2>And Blueberg's edwin Chen notes China remains one of Apple's

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<v Speaker 2>biggest markets, but sales there have struggled after Beijing escalated

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<v Speaker 2>a ban on foreign devices in state backed firms and

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<v Speaker 2>government agencies.

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<v Speaker 1>Well Nathan focusing on politics in the US, it's a

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<v Speaker 1>Senate's turn to vote on four and eight on Capitol Hill,

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<v Speaker 1>and Bloomberg's Amy Morris has a preview from Washington.

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<v Speaker 9>Senators had planned to spend this week taking part in

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<v Speaker 9>congressional delegations around the world or meeting with constituents back

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<v Speaker 9>in their home states. Instead, They're back on Capitol Hill

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<v Speaker 9>for the first votes on a ninety five billion dollar

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<v Speaker 9>four and aid package. They'll start with a key test

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<v Speaker 9>vote cloture to limit debate before a final vote to

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<v Speaker 9>pass the bill. Now, this bill includes nearly sixty one

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<v Speaker 9>billion dollars in eight for Ukraine, more than twenty six

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<v Speaker 9>billion dollars for Israel, and more than eight billion dollars

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<v Speaker 9>for the Indo Pacific. It also includes measures to seize

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<v Speaker 9>Russian assets, require TikTok's Chinese owner to divest the app,

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<v Speaker 9>and impose sanctions on Iran. The votes are set to

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<v Speaker 9>take place this afternoon in Washington. Amy Moore as Bloomberg Radio.

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<v Speaker 2>All right, Amy, thank you. Speaking of TikTok, the company's

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<v Speaker 2>gearing up to fight any US ban or order to divest.

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<v Speaker 2>Bloomberg's Ed Baxter has that part of the story.

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<v Speaker 10>TikTok says it will move to the courts for a

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<v Speaker 10>legal challenge. It sets up a water shed battle that

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<v Speaker 10>could set a path for Chinese business in the US.

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<v Speaker 10>Four years ago, when the Trump administration threatened the ban,

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<v Speaker 10>Byte Dance worked out a preliminary deal to sell it

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<v Speaker 10>will not happen this time. Its sizzling growth makes it

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<v Speaker 10>hard to part ways China's moves on Huawei and is

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<v Speaker 10>afraid it won't end with TikTok. It feels it may

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<v Speaker 10>be able to leverage support from users up to one

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<v Speaker 10>hundred and seventy million now ed Baxter, Bloomberg Radio.

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<v Speaker 1>All right, and thanks so. Paulitaics are also front and

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<v Speaker 1>center in Manhattan, with more testimony on the way in

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<v Speaker 1>a hush money trial of former President Trump and Bloomberg's doing.

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<v Speaker 1>Grosso has a preview.

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<v Speaker 3>Before testimony resumes this morning, Judge Wan Mrshawn will hold

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<v Speaker 3>a hearing on the prosecution's request to hold the former

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<v Speaker 3>president in contempt of court over social media posts that

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<v Speaker 3>prosecutors contend violated a gag order prohibiting Trump from attacking

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<v Speaker 3>key witnesses in the case. Then David Pecker, the former

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<v Speaker 3>publisher of The National Inquirer, will retake the witness stand

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<v Speaker 3>in New York. June Grosso Bloomberg Radio.

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<v Speaker 4>Okay, June. Thanks.

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<v Speaker 2>Now, we turn to the key earnings report due out

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<v Speaker 2>after the closing bell. Tesla reports its quarterly results this afternoon,

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<v Speaker 2>and Bloomberg's Doug Krisner says this report will be crucial

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<v Speaker 2>for the electric vehicle giant.

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<v Speaker 5>So far this year, Tesla stock is down nearly forty

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<v Speaker 5>three percent. Sales have been slumping, inventories are high, there

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<v Speaker 5>have been confusing product decisions, and let's not forget those

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<v Speaker 5>price cuts in China. After the bell, Tesla is expected

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<v Speaker 5>to report a forty percent plunge in operating profit. Revenue

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<v Speaker 5>is expected to show its first decline in four years,

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<v Speaker 5>and gross profit margin is expected to be the lowest

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<v Speaker 5>in more than six years. Analyst Dan Ives of Webbush

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<v Speaker 5>calls it a moment of truth for Tesla. Ives recently

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<v Speaker 5>said the conference call and commentary will likely have a

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<v Speaker 5>huge impact in New York. I'm Doug Prisner, Bloomberg Radio.

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<v Speaker 1>All Right, Doug, thank you, and taking a look at

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<v Speaker 1>the earnings calendar today. We'll also hear from Consumer Bell, weathers, PepsiCo,

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<v Speaker 1>and Ups. Tech giants Meta, Microsoft, and Alphabet report Wednesday

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<v Speaker 1>and Thursday. This week. We'll also hear from exun Mobile

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<v Speaker 1>and Chevron Friday. About one hundred and eighty companies report

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<v Speaker 1>this week, representing over forty percent of the S and

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<v Speaker 1>P market value. And it's time now for a look

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<v Speaker 1>at some of the other stories making news in New

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<v Speaker 1>York and around the world, and for that we're joined

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<v Speaker 1>by Bloomberg's Michael Barr Michael, good Morning, Good.

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<v Speaker 11>Morning, Karen. Columbia University went to remote learning, and police

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<v Speaker 11>arrested dozens of students at Yale and New York University

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<v Speaker 11>as tensions over Israel's war with Moss continued to grow

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<v Speaker 11>on US college campuses.

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<v Speaker 7>You have been warned by New York University to leave

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<v Speaker 7>the area.

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<v Speaker 11>The moves at the Ivy League schools came hours before

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<v Speaker 11>last evening start of the Jewish holiday of Passover. New

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<v Speaker 11>York Governor Cathy Hockel says she met with the president

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<v Speaker 11>of Columbia University and NYPD officials to discuss public safety

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<v Speaker 11>initiatives as student protests continue on the New York City campus,

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<v Speaker 11>and a message posted to social media, Governor Hockle said

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<v Speaker 11>protests have reached a point where students are afraid to

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<v Speaker 11>walk on campus.

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<v Speaker 4>People need to find their humanity.

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<v Speaker 3>Have the conversations, talked to each other, understand different points

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<v Speaker 3>of view, because that's what college students should be doing.

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<v Speaker 11>N MYPD Deputy Commissioner or Operations, Caz Dauntry.

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<v Speaker 12>We haven't received any reports of any physical harm against

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<v Speaker 12>any student. However, if there's any student Jewish or whoever

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<v Speaker 12>that's been assaulted or wants to make a police fort

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<v Speaker 12>or wants to talk to the police, we encourage them

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<v Speaker 12>to Court nine.

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<v Speaker 11>We work I knew Haven, Connecticut police spokesperson who said

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<v Speaker 11>about forty five protesters were arrested at Yale yesterday in

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<v Speaker 11>charged with misdemeanor trespassing. President Biden is heading to Tampa today,

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<v Speaker 11>where he is set to talk about reproductive freedom. The

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<v Speaker 11>President is expected to address Florida six week abortion ban

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<v Speaker 11>that goes into effect May first. Meanwhile, Vice President Harris

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<v Speaker 11>spoke at an event in Lacrosse, Wisconsin for reproductive Freedoms.

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<v Speaker 4>More and more people will openly agree that one does.

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<v Speaker 7>Not have to abandon their faith or deeply held beliefs

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<v Speaker 7>to agree the government should not be telling her what

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<v Speaker 7>to do with her.

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<v Speaker 11>By without mentioning Donald Trump by name, Vice President Harris

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<v Speaker 11>said he appointed Supreme Court justices with the intent of

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<v Speaker 11>overturning Roe v.

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<v Speaker 4>Wade.

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<v Speaker 11>Finally, it looks like that two point seven billion dollar

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<v Speaker 11>renovation paid off at Newark Airport's terminal A. Skytrak named

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<v Speaker 11>it the world's best new airport terminal, glob News twenty

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<v Speaker 11>four hours a day and whenever you want it with

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<v Speaker 11>the Bloomberg News. Now, I'm Michael Barr, and this is

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<v Speaker 11>Bloomberg Karen.

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<v Speaker 1>Sorry, Michael Barr, thank you, and it's time now for

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<v Speaker 1>the Bloomberg Spores Update with John Stashower.

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<v Speaker 4>John, Good morning, Good morning, Carreen.

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<v Speaker 13>Rememberable night at the garden when it was over Knicks

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<v Speaker 13>fans didn't want to leave Game two with Philadelphia Knicks

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<v Speaker 13>trailed at the half, but led by eight in the

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<v Speaker 13>fourth quarter, and then trailed by six with a half

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<v Speaker 13>minute remaining, they were down by five.

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<v Speaker 4>It was time for an unforgettable sequence.

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<v Speaker 13>Stavid Chenz over to the corner, bruntson with six pulls

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<v Speaker 13>for three off the rim and come the bounce, two

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<v Speaker 13>point game still loose.

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<v Speaker 6>I don't hear a whistle.

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<v Speaker 4>Heart took it away to David Chenz over for three,

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<v Speaker 4>missed it.

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<v Speaker 13>Hart and Stein graps the offensive rebound and the Knicks

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<v Speaker 13>another shot. Stevid Chenz over three of the lead, thirteen

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<v Speaker 13>seconds to go. If be on the call, Nicks one

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<v Speaker 13>one oh four one on one brunts and hit that three,

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<v Speaker 13>but shot eight of twenty nine after going eight of

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<v Speaker 13>twenty six in Game one. Even with his struggles, Knicks

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<v Speaker 13>are up to nothing heading to Philly for Game three Thursday.

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<v Speaker 4>Home teams are eleven to zero.

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<v Speaker 13>When the NBA Playoffs, Cleveland Bea Orlando, Denver came from

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<v Speaker 13>twenty down in the second half beat the Lakers on

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<v Speaker 13>a Jamal Murray shot at the buzzer. Heartbreak for the

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<v Speaker 13>Islanders in Raley, they had a three nothing lead with

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<v Speaker 13>seven minutes left in the second period. The Hurricanes tied

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<v Speaker 13>the game with two fifteen remainting that scored again nine

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<v Speaker 13>seconds later.

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<v Speaker 4>They won five to three.

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<v Speaker 13>Lead the series two nothing Toronto, and on Austin Matthews

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<v Speaker 13>goal won three two at Boston to tie the series.

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<v Speaker 13>That won the hat trick for Zach Hyman in Edmonton

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<v Speaker 13>series opening seven to four win over La Vegas.

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<v Speaker 4>Took the opener in Dallas four to three.

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<v Speaker 13>The Yankees sleepwalk through a Monday matt and a two

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<v Speaker 13>nothing lost at the Stadium to the lowly Oakland A's.

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<v Speaker 13>They had only three hits. The Mets had four hits.

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<v Speaker 13>Lost in San Francisco five to two. The Jets found

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<v Speaker 13>a team to take Zach Wilson. He's going to Denver

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<v Speaker 13>with a seventh round pick. Jets get a sixth rounder.

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<v Speaker 13>In the twenty twenty one draft, five quarterbacks were taken

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<v Speaker 13>to the first fifth team picks. Just three years later,

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<v Speaker 13>for them no longer with the team they were drafted

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<v Speaker 13>by John Stashewer Bloomberg Sports Jar.

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<v Speaker 1>Nathan all Right, John, thank you.

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<v Speaker 11>Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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<v Speaker 11>and around the.

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<v Speaker 10>World on Bloomberg dot Com and the Bloomberg Business app.

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<v Speaker 4>This is Bloomberg Daybreak. Good morning, I'm Nathan Hager.

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<v Speaker 2>Some of the country's most elite college campuses are once

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<v Speaker 2>again a flashpoint in the debate over the Israel Hamas War.

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<v Speaker 2>But that debate has now turned into a crackdown, with

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<v Speaker 2>police arresting dozens, if not hundreds, of pro Palestinian demonstrators,

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<v Speaker 2>including students at Columbia, Yale and NYU, since last week.

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<v Speaker 2>For more, we are joined by Julie Norman, the professor

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<v Speaker 2>of Politics and International Relations at University College London. Julie,

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<v Speaker 2>it's good to speak with you once again.

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<v Speaker 4>Good morning.

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<v Speaker 2>I'd really be curious to get your perspective as an

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<v Speaker 2>academic yourself on these protests happening in the IVY leagues,

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<v Speaker 2>and the response that we're seeing from campus administration years

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<v Speaker 2>and police in many cases.

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<v Speaker 14>Yeah, well, thanks and good morning, Nathan. I think what

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<v Speaker 14>we're seeing play out obviously just underscores the deep passions

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<v Speaker 14>the emotions that have surrounded this conflict for years and

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<v Speaker 14>often come out on college campuses and in other public

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<v Speaker 14>places as well. This is something it's a conflict that

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<v Speaker 14>is political and seems very far away in many places,

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<v Speaker 14>but also is very personal and very personal for many

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<v Speaker 14>students on campuses. I think it's particularly tricky because we

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<v Speaker 14>see campus administrators trying to balance between ensuring that the

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<v Speaker 14>campus feels safe for students, that students don't feel harassed

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<v Speaker 14>or discriminated against, while also at the same time trying

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<v Speaker 14>to protect free speech rights and the rights to protest

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<v Speaker 14>and demonstrate. And we see those two duties and obligations

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<v Speaker 14>essentially coming into conflict this week at these campuses.

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<v Speaker 2>Yeah, it's a balance that we've seen these campuses really

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<v Speaker 2>struggle with since the early days of the war in Gaza,

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<v Speaker 2>when we saw the testimony on Capitol Hill from the

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<v Speaker 2>now former president of Harvard and m I T and

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<v Speaker 2>pen As.

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<v Speaker 4>Well, and how that was received.

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<v Speaker 2>Is there a risk that the response that we're seeing

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<v Speaker 2>now might have the pendulum swinging too far the other way?

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<v Speaker 14>Well, I think that's certainly the way it's being perceived

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<v Speaker 14>by many, that this attempt to crack down on many

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<v Speaker 14>see work blatant disregard for student safety is maybe going,

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<v Speaker 14>as you said, too far in terms of trying to

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<v Speaker 14>crack down with police presence, with arrests, with suspensions, even

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<v Speaker 14>for students who you know, were simply engaged in peaceful protests.

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<v Speaker 14>And I would say it's again challenging for administrators in

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<v Speaker 14>protest situations when there are some in the protest mics

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<v Speaker 14>who are you saying, very saying messages that would not

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<v Speaker 14>be allowed on campus, even if the majority of those

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<v Speaker 14>are not, And how do you police that?

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<v Speaker 4>How do you deal with that?

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<v Speaker 14>They resorted to this method of simply trying to clear

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<v Speaker 14>the encampments, and as we've seen, that I think has

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<v Speaker 14>just increased the blowback and if anything, has just galvanized

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<v Speaker 14>the encampment movement on these campuses and on other campuses

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<v Speaker 14>as well.

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<v Speaker 2>And it's a blowback that the President Biden has had

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<v Speaker 2>to confront as well. He was talking about it yesterday

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<v Speaker 2>in Virginia, saying he condemns the protest as anti Semitic,

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<v Speaker 2>saying that a lot of the students don't understand the

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<v Speaker 2>situation when it comes to the Palestinians. I wonder what

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<v Speaker 2>you make of the President's response in our last minute.

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<v Speaker 14>Yeah, so you know, Biden has weighed in on this.

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<v Speaker 14>He's condemned the anti semitism. It's obviously becoming an increasingly

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<v Speaker 14>difficult path for him to walk in terms of campaigning

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<v Speaker 14>either on or near college campuses without having these calls

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<v Speaker 14>against his positions on Gaza. So I think he feels

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<v Speaker 14>this very directly. In terms of the protests themselves, again,

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<v Speaker 14>there's a lot of different messages in them. Some, I

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<v Speaker 14>would say, you know, the President do see very blatant

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<v Speaker 14>anti semitism. I think many involved in them think they

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<v Speaker 14>are just being critical of Israel. But I think the

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<v Speaker 14>President is right that there's a lot of different different

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<v Speaker 14>levels of knowledge and different levels of engagement with the

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<v Speaker 14>conflict from those who are at protesting, and that makes

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<v Speaker 14>any kind of response to them very difficult.

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<v Speaker 3>I'm Nathan Hager and I'm Karen Moscow.

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