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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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Speaker 2: are the stories we're following today.

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Speaker 3: Karen will have more in the markets in a minute. First,

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Speaker 3: President Donald Trump has signed a travel band targeting a

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Speaker 3: dozen countries, including Afghanistan, me and mar and Chad. The

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Speaker 3: measure also partially restricts entry from a host of other nations,

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Speaker 3: including Cuba and Venezuela. This reinstates one of the most

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Speaker 3: controversial policies from the president's first term. In a video

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Speaker 3: posted online, he said the move is necessary for national security.

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Speaker 4: We cannot have open migration from any country where we

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Speaker 4: cannot safely and reliably vet and screen those who seek

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Speaker 4: to enter the United States. That is why today I

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Speaker 4: am signing a new executive order placing travel restrictions on

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Speaker 4: countries including Yemen, Somalia, Haiti, and numerous others.

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Speaker 3: Separately, President Trump signed an executive action preventing foreign students

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Speaker 3: from entering the US to study at Harvard University. He

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Speaker 3: cited the school's failure to implement discipline on campus and

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Speaker 3: its alleged tie to China.

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Speaker 5: Nathan.

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Speaker 2: President Trump is also ordering an investigation into his predecessor's health.

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Speaker 2: The President has issued a memo directing his aids to

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Speaker 2: look into whether former President Joe Biden's staff conspired to

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Speaker 2: hide details about his health from the public or took

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Speaker 2: any executive actions without his knowledge. Mister Trump is citing

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Speaker 2: the former president's use of an auto pen to sign documents.

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Speaker 2: Former President Biden has put out a statement saying his

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Speaker 2: successors trying to distract from cuts to medicaid and his

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Speaker 2: tax legislation. The former president says, quote, let me be clear,

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Speaker 2: I made the decisions during my presidency.

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Speaker 3: And kearny Elon Musk is ramping up his fight against

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Speaker 3: the President's big tax and spending cut bill. The billionaire

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Speaker 3: and one time White House advisor went on X to

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Speaker 3: urge Americans to call their lawmakers and kill the legislation,

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Speaker 3: writing quote, bankrupting America is not okay. Bloomberg News has

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Speaker 3: learned Musk personally lobbied House Speaker Mike Johnson to save

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Speaker 3: electric vehicle tax credits in the bill, which would have

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Speaker 3: benefited his ev maker Tesla.

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Speaker 5: But Johnson says there's no time to start over. We

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Speaker 5: worked on the bill for almost fourteen months.

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Speaker 6: You can't go back to the drawing board, and we shouldn't.

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Speaker 5: We have a great product to deliver here.

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Speaker 3: House Speaker Mike Johnson spoke to reporters on Capitol Hill. Meanwhile,

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Speaker 3: President Trump says he agrees with Democratic Senator Elizabeth Warren

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Speaker 3: on a provision that's not in the bill that Congress

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Speaker 3: should get rid of the debt ceiling. We got real

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Speaker 3: time reaction from Senator Warren.

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Speaker 2: I think that Donald Trump and I hey, listen, I'm

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Speaker 2: ready to join up with him and make that happen.

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Speaker 2: We need to get rid of the debt ceiling altogether.

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Speaker 3: Democratic Senator Elizabeth Warren was a guest on Bloomberg's Balance

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Speaker 3: of Power and stay with Bloomberg. Will get more on

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Speaker 3: President Trump's tax cut bill when we speak live this

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Speaker 3: morning with House Speaker Mike Johnson. He'll join us on

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Speaker 3: Bloomberg Surveillance at seven thirty am Wall Street Time. Catch

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Speaker 3: that conversation on Bloomberg Radio, Bloomberg Television, and the Bloomberg

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Speaker 3: podcast page on YouTube.

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Speaker 2: Nathan. In a post on social media, President Trump said

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Speaker 2: Russia's Vladimir Putin will retaliate for the recent Ukrainian drone strike.

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Speaker 2: The two smoke by phone yesterday, former commanding General of

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Speaker 2: the US Army in Europe and Hodges was extremely critical

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Speaker 2: of the administration.

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Speaker 7: This embarrassing truth social post confirms for anybody that still

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Speaker 7: was wondering that the Trump administration has zero interest in

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Speaker 7: do anything to put pressure on Russia, to help Ukraine,

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Speaker 7: or to get to some kind of sustainable piece. I mean,

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Speaker 7: it was too hard for him. Their approach was doomed

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Speaker 7: to failure from the very beginning.

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Speaker 2: And former Army Lieutenant General Ben Hodges there The Kremlins

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Speaker 2: description of yesterday's Trump putin call made no reference to

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Speaker 2: possible retaliation, and.

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Speaker 3: Later today Karin the President is scheduled to talk with

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Speaker 3: another world leader, German Chancellor Friedrich Mertz, will be in Washington.

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Speaker 3: Their meeting comes amid looming tariffs on German exports.

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Speaker 2: Nathany now turn to politics. In New York City, nine

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Speaker 2: Democratic candidates for mayor held their first debate. I'm Bluebirds.

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Speaker 2: John Tucker joins US Live in Manhattan with the latest.

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Speaker 5: John Goodburning, Hey, good morning.

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Speaker 6: Karen Well. The front runner, Former Governor Andrew Cuomo, was

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Speaker 6: the evening's pinata, taking it on the chin from just

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Speaker 6: about everybody on stage for the way he handled COVID

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Speaker 6: cases and nursing homes during the pandemic. City Controller Brad

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Speaker 6: Lander wouldn't let up.

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Speaker 3: It's not only that Andrew Cuomo lied to Congress, which

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Speaker 3: is perjury.

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Speaker 6: He also lied to the greeming families whose loved ones

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Speaker 6: he sent into those nursing homes. Cuomo responded, if he

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Speaker 6: wants to talk about the facts on nursing homes, we'll

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Speaker 6: talk about the facts.

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Speaker 8: He's just parodying Trump's allegations.

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Speaker 6: Zorhandmandani is the Democratic socialist state lawmaker who's emerged as

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Speaker 6: one of the leading candidates.

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Speaker 5: You know, as a Democrat.

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Speaker 9: One of my regrets is having trusted the leaders within

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Speaker 9: our own party, leaders like Andrew.

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Speaker 6: Cuomo, former city ConTroll to Scott Stringer, trying to shift

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Speaker 6: the focus to crime.

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Speaker 4: We spending one point three billion dollars in police overtime

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Speaker 4: because we don't have enough police officers.

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Speaker 6: But it was still mostly about Cuomo, with his opponents

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Speaker 6: also swiping at him over the sexual harassment scandal that

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Speaker 6: forced him from the governor's mansion. Typically, the cantidate who

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Speaker 6: clinches the Democratic nomination for Mayer's the presumptive winner in

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Speaker 6: November's general election, but this year is different. The winner

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Speaker 6: of the Democratic primer will face off in November against

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Speaker 6: incumbent Mayor Eric Adams, who's opted to run as an

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Speaker 6: independent in New York. On John Tecker Bloomberg.

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Speaker 3: Radio, John Thanks turning out to the latest news on

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Speaker 3: Wall Street, Citigroup is cutting jobs. The bank says it

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Speaker 3: will trim its technology employee workforce in China by about

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Speaker 3: thirty five hundred as part of its global simplification efforts.

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Speaker 3: City's trying to streamline its operations and lift profitability to

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Speaker 3: compete more closely with rivals, with an aim set out

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Speaker 3: last year to reduce jobs by twenty thousand by the

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Speaker 3: end of twenty twenty six.

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Speaker 2: And Nathan job cuts are reportedly coming at a proctor

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Speaker 2: in Gamble the Financial Times. He's reporting P ANDNG will

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Speaker 2: cut fifteen percent of office jobs over the next two years.

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Speaker 2: Seven thousand of those will be manufacturing jobs.

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Speaker 3: On the flip side, Karen Alphabet plans to keep expanding

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Speaker 3: its engineering ranks, stressing human talent remains key even as

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Speaker 3: the Google parent ramps up artificial intelligence investment. Alphabet CEO

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Speaker 3: soon Dar Pichai says the world of AI is still evolving.

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Speaker 3: We spoke with him at the Bloomberg Tech Conference in

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Speaker 3: San Francisco.

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Speaker 10: I'm confident there is a company that's going to be

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Speaker 10: created with AI, just like when the Internet happened. Many

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Speaker 10: years after the Internet happened, Googled and exist. So you know,

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Speaker 10: there's no doubt to me that three years from now

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Speaker 10: there'll be a company which will be dominant in this

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Speaker 10: AI age, which we don't even know the name of today.

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Speaker 3: Alphabet CEO Sunday Peshar there speaking at the Bloomberg Tech

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Speaker 3: Conference in San Francisco, and you can catch our full

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Speaker 3: interview with Sun Darpichai on the Bloomberg podcast page on YouTube.

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Speaker 3: Subscribe to watch many of our high profile conversations across

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Speaker 3: Bloomberg platforms.

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Speaker 2: I'm now for a look at some of the other

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Speaker 2: stories making news in New York and around the world,

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Speaker 2: and for that were joined by Bloomberg's Michael Barr.

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Speaker 5: Michael, Good Morning, Good morning, Karen.

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Speaker 11: A key witness is set to take the stand today

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Speaker 11: in the Sean Diddy Coombe sex trafficking case in Manhattan.

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Speaker 11: Jurors have so far heard from two women who alleged

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Speaker 11: they were victims of Combe's violence and abuse. A longtime

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Speaker 11: friend of Combe's ex girlfriend, Cassie Ventura, testified yesterday that

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Speaker 11: Combe's attacked here for no reason in twenty sixteen, dangled

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Speaker 11: her from a seventeenth floor balcony and then threw her

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Speaker 11: into a coffee table before Ventur intervened. Today, the jury

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Speaker 11: is set to hear from the third and final alleged

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Speaker 11: victim in the case, a single mother who became romantically

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Speaker 11: involved with Comb's In twenty twenty, Israeli forces recovered the

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Speaker 11: bodies of an Israeli American couple held in the Gaza

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Speaker 11: Strip since the Hamas attack in October of twenty twenty three.

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Speaker 11: Seventy two year old Gad Hagai and seventy year old

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Speaker 11: Judy Weinstein Guy were killed during the attack. The Bonnie's

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Speaker 11: taken to Gazma, where fifty six other hostages remain. Reaction

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Speaker 11: continues after Defense Secretary Pete Hegsif ordered a Navy vessel

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Speaker 11: named after gay rights activist and Navy veteran Harvey Milk

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Speaker 11: to be renamed. It's reportedly part of a Trump administration

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Speaker 11: effort to quote re establish the warrior culture within the Navy.

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Speaker 11: San Francisco's LGBTQ plus community is expressing condemnation over the move.

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Speaker 11: Democratic California Senator Scott Wiener of San Francisco.

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Speaker 8: It is just despicable and unbelievably painful that this administration,

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Speaker 8: in its quest to erase LGBTQ people from public life,

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Speaker 8: not just trans people, gay and lesbian people too, in

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Speaker 8: that quest, they are now doing this horrible thing during

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Speaker 8: prime month. It's disgusting.

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Speaker 11: Global News twenty four hours a day and whenever you

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Speaker 11: want it with Bloomberg News Now Michael Barr, and this

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Speaker 11: is Bloomberg Karent.

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Speaker 2: All right, Michael Barr, thank you time now for the

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Speaker 2: Bloomberg Sports some Day, brought to you by Flushing Bank.

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Speaker 2: Here's John stash Hour, John, good morning, Good.

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Speaker 5: Morning, Karen.

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Speaker 12: Juan Soto's first season as a Met so far being

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Speaker 12: pretty quiet, but with strong pitching and the slugging of

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Speaker 12: Pete Alonzo, Mets had the best record in the National

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Speaker 12: League in La Griffin Canning hurled six scrolls sittings, and

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Speaker 12: Alonso almost single handedly led the Mets to a six

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Speaker 12: to one victory of the Dodgers that he hit a

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Speaker 12: two run over in the first inning and a three

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Speaker 12: run shot in the eighth no offense for the Yankees

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Speaker 12: at the Stadium, out hit twelve to five. They lost

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Speaker 12: to Cleveland four nothing. Mackenzie Gore pitched the Nationals to

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Speaker 12: a two nothing one of the Cubs and a wild one.

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Speaker 12: At Fenway, the Red Sox and Angels were seven to

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Speaker 12: five in the second inning.

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Speaker 5: The Socks won eleven to nine.

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Speaker 11: Break up the Rockies.

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Speaker 12: They hadn't won two games in a row. Now they've

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Speaker 12: won three straight, all in Miami. They had been three

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Speaker 12: and twenty eight on the road. Game one of the

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Speaker 12: Stanley Cup Final rematch of last year, when Florida won

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Speaker 12: the first three games. The Panthers led the series opener

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Speaker 12: three to one. Edmonton came back. The game went to overtime.

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Speaker 9: Kicks ooping a lot now to Lutred Hopkins, kicks it

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Speaker 9: back to the side, back to Lutret Hawkins. Victor God.

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Speaker 12: Jesus sports at Canada to call the Oilers game when

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Speaker 12: he goes nineteen minutes into ot. Edmonton won four to three.

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Speaker 12: French Open women's semifinals started nine this morning, with top

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Speaker 12: seeded the Arena Sabalanka taking on three time defending champion

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Speaker 12: Eagle Street on Tech to be followed by Coco Goff

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Speaker 12: against Francis Luis Boson, who has come out of nowhere

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Speaker 12: to reach the semis. She had never played a Grand

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Speaker 12: Slam tournament before. She is ranked three hundred and sixty first.

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Speaker 12: John stashe weare Bloomberg Sports Karen Nathan.

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Speaker 1: Coast to Coast on Bloomberg Radio nationwide on Serious Exam

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business Appum. This is Bloomberg Daybreak.

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Speaker 5: Good morning, I'm Nathan Hager.

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Speaker 3: President Trump is bringing back one of the most controversial

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Speaker 3: policies of his first term, barring entry to the US

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Speaker 3: from a dozen countries, including Afghanistan, Iran, and Libya. The

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Speaker 3: President is citing recent events for reviving the travel ban.

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Speaker 4: The recent terror attack in Boulder, Colorado has underscored the

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Speaker 4: extreme dangers posed to our country by the entry of

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Speaker 4: foreign nationals who are not properly vetted, as well as

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Speaker 4: those who come here as temporary visitors and overstay their visas.

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Speaker 3: We don't want them, President Trump spoke in a video

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Speaker 3: posted on X We're joined now by Bloomberg News Senior

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Speaker 3: editor Bill Ferries. Of course, Bill, we all remember the

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Speaker 3: travel ban from early in the president's first term. How

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Speaker 3: does this second term version differ from the last one?

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Speaker 13: Good morning, good morning, thanks for having me. So it's

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Speaker 13: different in a number of respects. First travel ban, you

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Speaker 13: might remember Trump put in in really his first days

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Speaker 13: in office back in twenty seventeen. It became known as

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Speaker 13: the Muslim ban. It was really against a swath of

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Speaker 13: Muslim majority countries, and as the courts ruled against it,

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Speaker 13: it eventually kind of transformed into kind of being a

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Speaker 13: more narrowly focused ban on visitors from Cuba, Iran, Libya,

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Speaker 13: North Korea, and a few other countries. This time, you

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Speaker 13: just played it right there. The president is citing the

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Speaker 13: recent attack in Boulder, Colorado against people protesting or gathering

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Speaker 13: in support of the Israeli hostages in Gaza. That attack

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Speaker 13: was the suspect in that attack was actually from Egypt.

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Speaker 13: He had overstayed of visa here. But Egypt wasn't among

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Speaker 13: the countries listed in this latest travel ban or travel

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Speaker 13: restriction from the president. He hit twelve countries, or actually

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Speaker 13: nineteen countries. It's kind of a swath of a some

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Speaker 13: politically unstable countries. You have a few in Africa, you

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Speaker 13: have some in Asia as well, but it's it's kind

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Speaker 13: of a mixed bag. And the New York Times actually

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Speaker 13: reporting that the total number of visas from those countries

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Speaker 13: was about one hundred and seventy thousand last year, so

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Speaker 13: kind of a it's kind of a you know, it's

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Speaker 13: it's I think it falls into this effort by Trump

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Speaker 13: to raise up the barriers to documented and undocumented migration.

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Speaker 13: But it's not clear how serious of an impact it

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Speaker 13: will have.

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Speaker 3: Is it clear whether what kind of legal scrutiny it

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Speaker 3: will come under. Of course, you remember how the first

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Speaker 3: travel band was knocked down in the courts.

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Speaker 5: Is this one on a different legal footing.

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Speaker 13: Well, it's going to it's going to get some of

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Speaker 13: the same legal scrutiny that a lot of the president's

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Speaker 13: measures has taken. He is, you know, he's trying to

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Speaker 13: use I think some of his authority to approve visas

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Speaker 13: in this case, as he's doing with the moves against

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Speaker 13: foreign student and going to Harvard and other universities. So

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Speaker 13: there may be stronger legal ground than what happened in

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Speaker 13: his first term, which was really kind of a slap

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Speaker 13: dash measure in the beginning that created a lot of chaos.

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Speaker 13: I mean literally, there are planes on the way to

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Speaker 13: the US and people weren't sure whether the passengers on

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Speaker 13: those planes could be allowed into the country or not.

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Speaker 3: In the meantime, we're seeing even more opposition from Elon

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Speaker 3: Musk to the Big Beautiful Bill, and now we're getting

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Speaker 3: a little bit more of an idea about at least

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Speaker 3: one reason why he may be coming out against it.

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Speaker 5: That's right.

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Speaker 13: I mean, it was just a few days ago that

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Speaker 13: Elon Musk and Donald Trump were in the Oval Office

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Speaker 13: praising each other's efforts over the last several months. But

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Speaker 13: it's clear there is some kind of a big break here,

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Speaker 13: Elon Musk encouraging Americans to call their representatives and quote

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Speaker 13: kill that big beautiful bill that the President has really

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Speaker 13: staked a lot of his reputation on. And it does

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Speaker 13: sound like from our reporting that one reason Musk is

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Speaker 13: so against it is that the House version that passed

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Speaker 13: that's under debate in the Senate, it ends that seven

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Speaker 13: five hundred dollars electric car subsidy by the end of

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Speaker 13: this year. That's obviously a subsidy close to Elon Musshart

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Speaker 13: with his ownership of Tesla, and it also comes just

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Speaker 13: days after the President ended or retracted his nomination for

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Speaker 13: a Key musk Ally to lead NASA, So definitely a

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Speaker 13: break between these two leaders despite that appearance in the

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Speaker 13: Oval Office just days ago.

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