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Speaker 1: Good morning.

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Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 2: stories we're following today.

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Speaker 3: We begin with breaking news overnight. Donald Trump now faces

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Speaker 3: a new set of criminal charges. For the fourth time,

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Speaker 3: a prosecutor has issued an indictment against the former president,

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Speaker 3: this time in Fulton County, Georgia, over efforts to overturn

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Speaker 3: the twenty twenty election. Eighteen co defendants are also facing charges,

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Speaker 3: including former New York City Mayor Rudy Giuliani and former

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Speaker 3: White House Chief of Staff Mark Meadows. Fulton County District

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Speaker 3: Attorney Fanny Willis says she is charging all nineteen defendants

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Speaker 3: under the state's racketeering law.

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Speaker 4: The indictment alleges that, rather than abide by Georgia's legal

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Speaker 4: process for election challenges, the defendants engaged in a criminal

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Speaker 4: racketeering enterprise to overturn Georgia's presidential election result.

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Speaker 3: Fulton County DA Fanny will says she has authorized arrest

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Speaker 3: warrants for the former president and his eighteen co defendants.

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Speaker 3: They have until August twenty fifth to surrender.

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Speaker 2: Well Nathan. Reaction is pouring into this latest indictment. Genie

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Speaker 2: Shehanzeno is a political contributor for Bloomberg.

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Speaker 5: This is a screaming indictment. It is long and it

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Speaker 5: is detailed. But she said in her comments, you have

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Speaker 5: a right to challenge the election in court, but you

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Speaker 5: cannot engage in a criminal racketeering activity to overturn the results.

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Speaker 5: And that's what all of these nineteen individuals, including the

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Speaker 5: former president and Rudolph Giuliani, Mark Meadows, and others are

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Speaker 5: charged with.

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Speaker 2: Genie Shanzeno notes the charges include one hundred and sixty

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Speaker 2: one specific acts of racketeering by the former president. Bloomberg

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Speaker 2: Law host Jun Garosso says some are questioning the timing

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Speaker 2: of the late night indictment.

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Speaker 6: I am really surprised as to why she decided that

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Speaker 6: she had to do a press conference at eleven forty

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Speaker 6: five at night, when you know most people are not

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Speaker 6: going to be watching people who were interested in this.

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Speaker 6: And also it seems into the Trump theory or the

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Speaker 6: Trump allegations that this is happening also fast, and she's

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Speaker 6: wrapping it up, and it's just an indication that she's

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Speaker 6: not taking the time, even though we know that she

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Speaker 6: took two and a half years.

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Speaker 2: Bloomberg Law host Jan Grasso says the charges carry a

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Speaker 2: minimum sentence of five years in prison and a maximum

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Speaker 2: of twenty Karen.

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Speaker 3: Jeff Duncan is among those who testified before the Fulton

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Speaker 3: County grand Jury. He is a Republican and the former

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Speaker 3: lieutenant governor of Georgia. Duncan spoke to the Atlanta Journal

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Speaker 3: Constitution outside the courthouse.

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Speaker 7: Does a pivot point for this country to do something

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Speaker 7: more than just stew on the twenty twenty election cycle.

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Speaker 7: Right where either going to as Republicans take our medicine

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Speaker 7: and realize the election wasn't rigged. Donald Trump was the

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Speaker 7: worst candidate ever in the history of the party, even

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Speaker 7: worse than Herschel Walker.

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Speaker 3: Former Georgia Lieutenant Governor Jeff Duncan testified before the Fulton

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Speaker 3: County Grand Jury after receiving a subpoena earlier this month.

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Speaker 8: From coast to coast, from New York to San Francisco,

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Speaker 8: Boston to Washington, DC, nationwide on Syrias exam the Bloomberg

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Speaker 8: Business app in Bloomberg dot com. This is Bloomberg Daybreak.

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Speaker 3: Good morning, I'm Nathan Hager, and once again, former President

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Speaker 3: Donald Trump faces criminal charges over efforts to overturn the

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Speaker 3: twenty twenty election. This latest indictment comes from Fulton County, Georgia,

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Speaker 3: and it includes eighteen co defendants. District Attorney Fanny Willis

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Speaker 3: is accusing all of them of violating state racketeering law

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Speaker 3: to accomplish.

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Speaker 4: The illegal goal of allowing Donald J. Trump to seize

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Speaker 4: the presidential term of office beginning on January twentieth, twenty one.

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Speaker 3: DA Fanny Willis announced the indictment late last night. She

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Speaker 3: says she hopes to try the former president and the

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Speaker 3: eighteen others within six months, and she's giving them ten

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Speaker 3: days to surrender for more. We're joined now by Greg Valier,

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Speaker 3: chief USB policy strategist at AGF Investments. Your reaction, Greg,

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Speaker 3: to the indictment and the timing, well.

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Speaker 9: Good morning, Nathan. I would say that the biggest problem

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Speaker 9: of all is that they cannot get this done in

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Speaker 9: six months or less. Despite what she said, I think

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Speaker 9: that if once you factor in appeals next year, it

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Speaker 9: could be election day November fifth of next year before

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Speaker 9: there's any resolution. With this many cases, this many indictments,

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Speaker 9: a decent percentage will drag into late twenty twenty four.

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Speaker 9: You could have a president or president elect who's been

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Speaker 9: found guilty.

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Speaker 3: Let's talk about this indictment specifically, we have eighteen co

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Speaker 3: defendants along with the former president. They're facing forty one

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Speaker 3: counts accused of one hundred and sixty one specific acts

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Speaker 3: in furtherance of a conspiracy to overturn the twenty twenty election.

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Speaker 3: It sounds a lot more sweeping than even what we

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Speaker 3: heard from the special counsel Jack Smith in a similar case.

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Speaker 9: Yeah, it really does. And I think that in all

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Speaker 9: of these cases there's a common theme, and that is

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Speaker 9: that the prosecutors want to get some plea bargains. Of

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Speaker 9: the eighteen people who were charged yesterday in Atlanta, I

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Speaker 9: think there's a decent chance that two or three or

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Speaker 9: four will cut a deal and make things even more

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Speaker 9: difficult for Donald Trump.

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Speaker 3: Does that add to the difficulty that you're implying here

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Speaker 3: in terms of the timing, If we do start to

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Speaker 3: see some of these code defendants potentially make a deal

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Speaker 3: and potentially line themselves up as witnesses against the former president.

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Speaker 9: It's entirely possible. I think that the prosecutors know that

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Speaker 9: a lot of these potential slippers, as you might say,

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Speaker 9: don't want to spend their late seventies in jail, and

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Speaker 9: that's entirely possible for somebody like Rudy Julie. So yeah,

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Speaker 9: I think there's a high likelihood that at least some

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Speaker 9: of them will slip.

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Speaker 3: What do you make of the scope of the investigation here?

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Speaker 3: It took two and a half years for Fanny Willis

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Speaker 3: to bring these charges that were highly anticipated, and it

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Speaker 3: looks from the indictment that it goes well beyond that

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Speaker 3: infamous find me the vote's phone call that the former

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Speaker 3: president had with Georgea's secretary of State.

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Speaker 9: Yeah. I think they have a lot of evidence that's

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Speaker 9: not been released yet in terms of harassment of voting officials,

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Speaker 9: in terms of trying to get these charges changed. So

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Speaker 9: my sense is that there's still a lot more in

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Speaker 9: these cases still to be brought out.

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Speaker 3: Do you get the sense that this is a stronger

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Speaker 3: case than some of the others. Does it stack up

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Speaker 3: that way for you?

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Speaker 9: You know, I thought all along, Nathan, that the strongest

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Speaker 9: one could be the documents in Florida. That's a pretty

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Speaker 9: straightforward case. It's a felony. You can't take documents out

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Speaker 9: of the White House and bring them to your home.

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Speaker 9: All four of these are pretty strong, and I have

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Speaker 9: a hunch that the document case could be the first

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Speaker 9: one resolved.

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Speaker 3: Does it complicate that case to have this one brought now?

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Speaker 3: I mean we've talked before about how the schedule is

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Speaker 3: going to get. I mean, it is a lot more

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Speaker 3: complicated heading into a twenty twenty four presidential race, and

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Speaker 3: now you have all these overlapping cases potentially running up

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Speaker 3: against each other.

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Speaker 9: Absolutely, I mean you're going to have a president someone

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Speaker 9: a candidate for the presidency actually having to campaign on weekends,

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Speaker 9: on holidays. He's not going to be able to campaign

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Speaker 9: probably full time because of all these charges. And we

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Speaker 9: shouldn't overlook the fact that Joe and Hunter Biden are

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Speaker 9: part of this narrative also. I think they will be

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Speaker 9: dragged into this. But what has been alleged in terms

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Speaker 9: of Trump far exceed in my opinion, what the Bibles

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Speaker 9: have done.

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Speaker 2: I'm Karen Moscow. Join us again tomorrow morning for all

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