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 progress reported this morning in nuclear
Speaker 3: talks between the US and Iran. Iran says it had
Speaker 3: reached a quote general agreement on the terms of a
Speaker 3: potential nuclear deal that would lift sanctions on Tehran and
Speaker 3: ease the risk of a broader Middle East war.
Speaker 4: Here's Iran's Foreign Minister of Basaragchi.
Speaker 5: You're hopeful that negotiation will lead to a sustainable and
Speaker 5: negotiated solution. At the same time, as demonstrated during the
Speaker 5: aggression of thirteen June twenty twenty five, Iran remains fully
Speaker 5: prepared to defend itself against any threats.
Speaker 3: Iranian FIGN Minister Abbas Uraji made those comments in Geneva.
Speaker 3: Vice President j D. Vance spoke about the talks with
Speaker 3: Fox News. You know, in some ways it went well,
Speaker 3: they agreed to meet afterwards. But in other way is
Speaker 3: it was very clear that the President has set some
Speaker 3: red lines that the Iranians are not yet willing to
Speaker 3: actually acknowledge and work through. So we're going to keep
Speaker 3: on working it but of course the President reserves the
Speaker 3: ability to say when he thinks that diplomacy has reached
Speaker 3: its natural end. We hope it will get to that point,
Speaker 3: but if we do, that'll be the president's call. And
Speaker 3: that was Vice President jd Vance on Fox News. The
Speaker 3: US Induran will each draft and exchange texts for a
Speaker 3: deal before setting a date for a third round of talks.
Speaker 2: Well, Nathan, Also happening in Geneva, Ukraine and Russia. We'll
Speaker 2: begin a second day of US broker talk. Central among
Speaker 2: the unresolved issues is Russian President Vladimir Putin's demand that
Speaker 2: Ukraine handover territory in its eastern Donetsk region that Moscow
Speaker 2: has failed to conquer in fighting.
Speaker 3: Here in Japan plans to invest thirty six billion dollars
Speaker 3: in US oil, gas, and critical mineral projects. It's the
Speaker 3: first trunch of a five hundred and fifty billion dollar
Speaker 3: commitment under Japan's trade agreement with President Trump. The most
Speaker 3: significant investment is a natural gas facility in Ohio is
Speaker 3: expected to generate the power equivalent of nine nuclear reactors.
Speaker 4: Bloomberg's Lord Davison has more from Hong Kong.
Speaker 6: There are some questions just about the size and scope
Speaker 6: of this project just because it would be the biggest
Speaker 6: energy project of its kind.
Speaker 7: There are also two other projects.
Speaker 6: One is a crude export facility in the Gulf of
Speaker 6: Mexico off the Texas coast, as well as a project
Speaker 6: that would produce synthetic diamonds. Those are used in the
Speaker 6: manufacturing of semiconductors, energy, and automobiles as well.
Speaker 3: Bloomberg's Lord Davison says the announcement comes weeks before Japanese
Speaker 3: Prime Minister Sona Etakaichi is set to meet with President
Speaker 3: Trump in Washington.
Speaker 2: Nathan there's more a fallout this morning from the Jeffrey
Speaker 2: Epstein files, and Bloomberg's Alexis Christofferis has the latest from
Speaker 2: New York.
Speaker 8: Two teachers' unions are asking the Securities in Exchange Commission
Speaker 8: to look at a twenty twenty one statement from Apollo
Speaker 8: Global Management about its contact with the late sex offender
Speaker 8: and whether it could be considered materially false or misleading.
Speaker 8: The Justice Department's latest files show Epstein corresponded with Apolo
Speaker 8: then CEO Leon Black, its current CEO, Mark Rowan, and
Speaker 8: others in the firm. The American Federation of Teachers says.
Speaker 8: Apollo's statement claims Black never promoted Epstein's services to other
Speaker 8: senior executives, and Apollo spokesman says no one at the
Speaker 8: firm other than Black had a personal or business relationship
Speaker 8: with Epstein. Meanwhile, the House Oversight Committee is set to
Speaker 8: hear a closed door deposition today from billionaire Les Wexner.
Speaker 8: The eighty eight year old founder of L Brands, has
Speaker 8: spent years answering for his decades long relationship with Epstein.
Speaker 8: Wexner has long denied any knowledge of Epstein's crimes, but
Speaker 8: his prominent victim, Virginia Gouffrey, has claimed Wexner as one
Speaker 8: of the men Epstein trafficked her. Two In New York,
Speaker 8: Alexis christoffers Bloomberg Radio.
Speaker 3: Okay, Alexis, thank you now to the latest in the
Speaker 3: search for Nancy Guthrie. It's been eighteen days since the
Speaker 3: mother of Today's Show host Savannah Guthrie was last seen.
Speaker 3: Investigators are looking for fresh leads after a glove founder
Speaker 3: of the eighty four year old's home failed to match
Speaker 3: any DNA profiles in the FBI's database. They're working with
Speaker 3: the maker of Guthrie's pacemaker to see if they can
Speaker 3: track her through the device. Richard Frankel is a retired
Speaker 3: FBI agent.
Speaker 9: It connects to the bluetooth within her pacemaker and if
Speaker 9: they get a hit on it, although you know, they
Speaker 9: can get down to, you know, within meters of where
Speaker 9: that pacemaker might be, but that pacemaker has to be
Speaker 9: emitting a charge at the same time.
Speaker 3: It's retired FBI agent Richard Frankel. Investigators are also processing
Speaker 3: evidence from two search warrants from last week, and they're
Speaker 3: canvassing gun shops with surveillance footage to see if the
Speaker 3: suspect looks familiar. The reward is now to one hundred
Speaker 3: thousand dollars for information that leads to Nancy Guthrie's return.
Speaker 4: Let's turn to the markets now.
Speaker 2: Nathan futures are higher ahead of today's session. Stocks rebounded
Speaker 2: yesterday from an early sell off to eke out gains,
Speaker 2: and we're getting worried this morning about some big moves
Speaker 2: from Wall Street investors, including Warren Buffett. Bloomberg's John Tucker
Speaker 2: joins us with the very latest. John, Good morning, Good morning.
Speaker 10: Karen Buffett's Berkshire hathaway A slashed its stake in Amazon
Speaker 10: by more than seventy five percent of the fourth quarter.
Speaker 10: It now owns roughly two point three million shares of
Speaker 10: the company. And so what did Buffett dump Amazon for
Speaker 10: The New York Times? This marks his last new bet
Speaker 10: as CEO of Berkshire. A regulatory filing shows Berkshire acquired
Speaker 10: five point one million shares of The Times. It's a
Speaker 10: stake that was worth almost three hundred and fifty two
Speaker 10: million dollars a. Berkshire first bought a steak in Amazon
Speaker 10: back in twenty nineteen. He sent at the time that
Speaker 10: despite his aversion to tech stocks, he'd been quote an
Speaker 10: idiot for not buying the online retailer giants' shares sooner.
Speaker 10: Shares of The New York Times search more than ten
Speaker 10: percent at postmarket trading in New York. I'm John Tucker,
Speaker 10: Bloomberg Radio, All.
Speaker 4: Right, John, thank you.
Speaker 3: Shares of Nvidia are up two percent in early trading.
Speaker 3: Meta Platforms has agreed to deploy millions of Nvidia processors
Speaker 3: over the next few years. Meta accounts for about nine
Speaker 3: percent of Nvidia's revenue. It's committing to use more AI
Speaker 3: processors and networking equipment from the supplier. Meta shares are
Speaker 3: up almost one percent.
Speaker 2: Nathan, The FED is trying to assess the impact of
Speaker 2: artificial intelligence on the economy and productivity growth. San Francisco
Speaker 2: Fed Bank President Mary Daily says policymakers must be open
Speaker 2: to signs that AI will have a major impact.
Speaker 11: So what we're looking for is a technology to give
Speaker 11: us consistently good changes in productivity, so that all industries
Speaker 11: at scale get better. Industries figure out new ways to
Speaker 11: generate revenue, new ways to do product design, new ideas
Speaker 11: to come and shape the economy. That's the thing that
Speaker 11: has a sustained productivity growth part. So it's undeniable. Productivity
Speaker 11: growth has gone up. What's not as clear is how
Speaker 11: long will that last?
Speaker 2: In San Francisco Fed Bank President Mary Daily made the
Speaker 2: comments to Bloomberg's Ed Ludlow at San Jose State University.
Speaker 4: And europe Caring.
Speaker 3: There are reports this morning that European Central Bank President
Speaker 3: Christine Legard is planning to step down from her role
Speaker 3: before it's scheduled to end. Let's go to London get
Speaker 3: the details from Bloomberg's Ewan Potts.
Speaker 4: Ewan, what are we.
Speaker 12: Hearing Nathan and Karen Christine Leaguard's eight year term as
Speaker 12: boss of the European Central Bank is due to run
Speaker 12: until October twenty twenty seven, but the FT reports today
Speaker 12: that the Guard plans to step down before the French
Speaker 12: presidential election in April of next year, allowing current President
Speaker 12: Emmanuel Macron the chance to take part in selecting the
Speaker 12: ECB's next leader. The Bank itself has issued a statement
Speaker 12: saying the God is totally focused on her mission and
Speaker 12: has not taken any decision regarding the end of her
Speaker 12: term in London. I'm you in pots Bloomberg.
Speaker 2: Radio Time Now for it look at some of the
Speaker 2: other stories making news in New York and around the world,
Speaker 2: and for that we're joined by Bloomberg's Michael Barr.
Speaker 4: Michael, good Morning, Good morning.
Speaker 13: Karen Cruz have pushed through mountainous wilderness in California near
Speaker 13: Lake Tahoe during a snowstorm to rescue six backcountry skiers
Speaker 13: who has survived an avalanche but were trapped by its
Speaker 13: snow and ice. The Nevanna County Sheriff's Captain Russell Green
Speaker 13: says at least nine others from their tour group remained missing.
Speaker 7: I wouldn't say it's normal, not in these conditions of
Speaker 7: the area's very tough to access, and the more people
Speaker 7: that we have up there, the higher chance of another
Speaker 7: incident happening. So we're us asking people to avoid the area.
Speaker 13: Captain Russell Green, we're learning more about the person who
Speaker 13: opened fire Monday during a youth hockey game and an
Speaker 13: ice rink in Rhode Island. The victims killed were the
Speaker 13: shooter's ex wife, Ronda Dorgan, and adult son Aidendorgan. Three
Speaker 13: others were injured. Paul Tucket Chief of Police Tina Gonklavs
Speaker 13: says among them was the shooter's ex wife's parents and
Speaker 13: a family friend.
Speaker 14: They were all at the event for a son, a
Speaker 14: juvenile sun who was playing hockey. It was their senior night,
Speaker 14: and there was no expectations or any indication that there
Speaker 14: was going to be any type of violence.
Speaker 13: Belice've identified the shooter as fifty six year old to
Speaker 13: Robert Dorgan, who also went by the name ROBERTA. Esposito.
Speaker 13: Police say Dorgan died from an apparent self inflicted gunshot wound.
Speaker 13: New York City Mayor Zora Memdanni is proposing raising the
Speaker 13: city's property taxes for the first time in more than
Speaker 13: two decades and is looking to raise the city's reserve
Speaker 13: funds to fill a roughly five billion dollar budget gap.
Speaker 13: Ma'm donnie's unveiling part of the one hundred and twenty
Speaker 13: seven billion dollar preluminary budget proposal.
Speaker 15: If we do not fix the structural imbalance and do
Speaker 15: not heed the calls of New Yorkers to raise taxes
Speaker 15: on the wealthy, this crisis will not disappear. It will
Speaker 15: simply return year after year, forcing harder and harsher choices
Speaker 15: each time.
Speaker 13: According to Memdannie's proposal, the nine point five percent property
Speaker 13: tax hike would take effect beginning July. First Global News
Speaker 13: twenty four hours a day and whenever you want it
Speaker 13: with the Bloomberg News. Now Michael barn this is Bloomberg.
Speaker 4: Karen, Thanks Michael.
Speaker 2: Time Now there are Bloomberg Sports Update, and for that
Speaker 2: we bring in John stash Hour, Thanks Kare.
Speaker 16: At the Olympics today, of the American skier Mikhaela Shifferd,
Speaker 16: who is at a very disappointing Winter Games, goes for
Speaker 16: a medal in her best event, the slalom. The US
Speaker 16: men's hockey team plays Sweden in the quarterfinals yesterday, a
Speaker 16: silver medal won by American Mac Foorhan in the freestyle
Speaker 16: Big Air and a silver and speed skating in the
Speaker 16: team pursuit. College basketball Michigan now ranked number one with
Speaker 16: a victory at seventh ranked Purdue. Tony Clark resigned as
Speaker 16: the head of the Major League Baseball Players Association.
Speaker 4: Had the job for twelve years.
Speaker 16: That's your Bloomberg Sports Update.
Speaker 2: Stay with us more from Bloomberg day Break coming up after.
Speaker 1: This Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: Bloomberg Business opp This is Bloomberg Daybreak.
Speaker 4: Good morning of Nathan Hagar.
Speaker 3: Both the US and Iran are reporting progress in their
Speaker 3: latest round of nuclear talks engine but with two US
Speaker 3: aircraft carrier groups still in the region. Vice President jd
Speaker 3: Vance is voicing cautious optimism. We would very much like,
Speaker 3: as the President has said, to resolve this through a conversation,
Speaker 3: in a diplomatic negotiation, but the President has all options
Speaker 3: on the table. That was Vice President jd Vance in
Speaker 3: an interview with Fox News. And we're joined now by
Speaker 3: Goldnar motor Vali, who heads Iran coverage for Bloomberg News.
Speaker 4: Golnar, Good morning.
Speaker 3: So where do things stand between the US and Iran
Speaker 3: after this latest round of talks.
Speaker 17: Well, both of them have sounded cautiously optimistic, which is
Speaker 17: kind of similar to how they were after the first
Speaker 17: round of talks, and this sort of positive, general positive
Speaker 17: mood music suggests that they are planning to meet again,
Speaker 17: and in fact, the Uranian Forum minister did say that
Speaker 17: there is that there will be a third round of
Speaker 17: talks on the table. We just don't know when that's
Speaker 17: going to be and what the date for that is.
Speaker 17: I think the biggest question mark, or there are several
Speaker 17: question marks over exactly what it is that they are discussing.
Speaker 17: There are some unconfirmed reports, and we've been hearing from
Speaker 17: various sources here and there that possibly what they're going
Speaker 17: back to is something that's actually quite similar, ironically to
Speaker 17: the original Nuclear Deal or Joint Comprehensive Plan of Action
Speaker 17: that was a grill agreed during the Obama administration, which
Speaker 17: Donald Trump famously withdrew from in his first term. But
Speaker 17: I think the senses given what we heard from the
Speaker 17: Ranian from minister last year when he first started his
Speaker 17: talks with Steve Wikoff, that was before the Israeli military
Speaker 17: attack on Iran in June, that there is a push
Speaker 17: from Iran to provide more commercial and financial incentives to
Speaker 17: the US administration because they think that would be more
Speaker 17: attractive to Trump. But we don't know right now what
Speaker 17: the exact contours are. What we do know is that
Speaker 17: the Iranians have said that they have a set of
Speaker 17: guiding principles on which they are going to work and
Speaker 17: on that basis they are going to exchange texts that
Speaker 17: could provide again a framework for a possible deal.
Speaker 18: The language is deliberately, I think vague.
Speaker 17: It's deliberately indirect about how far they are from actually
Speaker 17: finalizing something.
Speaker 18: But I think.
Speaker 17: That's the way that they have to frame it going forward,
Speaker 17: because there are obviously a lot of things that they
Speaker 17: still need to discuss and finalize.
Speaker 3: The construction framework of a possible deal is syntax we've
Speaker 3: heard before from President Trump and past negotiations as well.
Speaker 3: We also heard from Vice President Vance saying that the
Speaker 3: President has laid out red lines that Iran shouldn't cross.
Speaker 3: Do we have clarity from the administration as far as
Speaker 3: you can see, Golnar about what those red lines are?
Speaker 18: So I think That's.
Speaker 17: An interesting question as well, because we know that Donald
Speaker 17: Trump has kind of changed or kind of oscillated between
Speaker 17: the nuclear Iran's nuclear program and Iran's brutal suppression of
Speaker 17: the protests. There's a massive, massive uprising we had a
Speaker 17: couple of months ago between those two things as the
Speaker 17: motivating driving factor behind his kind of military threats on
Speaker 17: Iran and using that to.
Speaker 18: Leverage a deal out of the Uranians.
Speaker 17: So that's interesting in terms of what actually the Uranians
Speaker 17: are being told in the indirect talks with Steve Wikoff.
Speaker 17: But it looks increasingly like the Americans have settled on
Speaker 17: focusing on Iran's nuclear program.
Speaker 18: In terms of military red.
Speaker 17: Lines, I would say anything from the Iranians that kind of.
Speaker 18: Is a is a.
Speaker 17: Stronger threat than what they've already done. They've already done,
Speaker 17: which of these military trills in the Persian Gulf that
Speaker 17: we know I'm closed up the strait of Homer's partially.
Speaker 17: Anything beyond that I think would constitute some kind of redline.
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Speaker 4: I'm Karen Moscow and I'm Nathan Hager.
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Speaker 4: Dave Bray