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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, we begin with a deadly plane crash involving a

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Speaker 3: commercial airliner and an army helicopter at Reagan National Airport

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Speaker 3: near Washington, d C. Let's get the very latest now

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Speaker 3: with Bloomberg's John Tucker, John and Nathan.

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Speaker 4: American Airlines Flight fifty three forty two from Wichita, Kansas,

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Speaker 4: was on an approach for landing at Reagan when it

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Speaker 4: collided with a Zikorski H sixty helicopter around nine pm Eastern.

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Speaker 4: Ary Schulman was driving home when he saw the plane

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Speaker 4: falling from the sky. It was illuminated bright yellow underneath,

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Speaker 4: and there was a spray of sparks on the underside

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Speaker 4: of the plane. The JED was carrying sixty passengers and

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Speaker 4: four crew members. Three soldiers were on board the helicopter.

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Speaker 4: The first priority has been looking for survivors, however remote

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Speaker 4: the chance of finding anybody alive at this point. DC

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Speaker 4: Fire and Rescue Chief John Donnelly.

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Speaker 2: The water that we're operating into about eight feet deep.

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Speaker 3: There is wind, there is pieces of ice out there,

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Speaker 3: so it's just dangerous and hard.

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Speaker 5: To work in.

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Speaker 4: The Bombardier CRIJ seven oh one twin engine jet manufactured

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Speaker 4: in two thousand and four, was inbound to Reagan National

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Speaker 4: at an altitude of about four hundred feet at a

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Speaker 4: speed of about one hundred forty miles per hour when

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Speaker 4: it suffered a rapid loss of altitude over the Potomac River.

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Speaker 4: A few minutes before the landing, air traffic controllers did

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Speaker 4: ask the arriving commercial jet if it could land on

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Speaker 4: the shorter runway three to three. Less than thirty seconds

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Speaker 4: before the crash, air traffic controllers asked the helicopter if

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Speaker 4: it had the arriving plane in sight. The controller made

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Speaker 4: another radio call to the helicopter moments later. Seconds after that,

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Speaker 4: the two collided Members of the US figure skating team

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Speaker 4: are on board American Airlines Flight fifty three forty two.

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Speaker 4: There were athletes, coaches, and family members who'd been taking

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Speaker 4: part to the UN Figure Skating Championships in Wichita. We

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Speaker 4: have not had an airline crash more than fifteen years

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Speaker 4: in this country, a major one like this. I'm John

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Speaker 4: Tucker Bloomberg Radio.

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Speaker 6: All right, John, Thank you well.

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Speaker 2: American Airlines CEO Robert Isom said the airline is working

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Speaker 2: with emergency responders.

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Speaker 6: He issued this video statement.

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Speaker 7: First, and most importantly, I'd like to express our deep

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Speaker 7: sorrow about these events.

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Speaker 5: This is a difficult day.

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Speaker 7: For all of us at American Airlines, and our efforts

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Speaker 7: now are focused entirely on the needs of our passengers,

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Speaker 7: crew members, partners, first responders, along with their families and

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Speaker 7: loved ones.

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Speaker 2: That was American Airline CEO Robert Isom last night. Shares

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Speaker 2: of American are down about three percent in early trading.

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Speaker 2: The National Transportation Safety Board says they have sent a

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Speaker 2: rapid response air accident investigation team to the site. President

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Speaker 2: Trump criticized events in the run up to the collision

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Speaker 2: in a truth social post, calling it a bad situation

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Speaker 2: that looks like it should have been prevented.

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Speaker 5: And we will have much.

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Speaker 3: More on the plane crash throughout the program. But we

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Speaker 3: now switch to the markets as investors react to the

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Speaker 3: beginning of Magnificent seven earnings. Shares of Meta Platforms are

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Speaker 3: up two percent in early trading. The stock originally fell

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Speaker 3: after hours after the Facebook owner forecast disappointing sales for

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Speaker 3: the current quarter, but Meta gained after CEO Mark Zuckerberg's

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Speaker 3: comments about artificial intelligence on the company conference call.

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Speaker 8: This is going to be a really big year.

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Speaker 9: Most of our long term initiatives is going to be

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Speaker 9: a lot clearer by the end of this year. In AI,

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Speaker 9: I expect that this is going to be the year

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Speaker 9: when a highly intelligent and personalized AI assistant reaches more

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Speaker 9: than one billion people, and I expect Metaai to be

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Speaker 9: that leading AI assistant.

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Speaker 3: Mark Zuckerberg told investors he thinks Meta will eventually spend

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Speaker 3: hundreds of billions of dollars on AI infrastructure.

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Speaker 8: Well.

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Speaker 2: Nathan cherzah Tesla also on the rise. They're up two

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Speaker 2: point six percent this morning. The company revealed plans to

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Speaker 2: begin robotaxi operations and forecast as sales recovery this year,

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Speaker 2: feeling what Elon Musk predicted be an epic period of

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Speaker 2: growth for the electric vehicle maker. The comments largely sidestep

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Speaker 2: the actual sales and profit results, which missed to well

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Speaker 2: Street estimates, and on.

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Speaker 3: The flip side, care and shares of Microsoft are down

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Speaker 3: nearly four percent. The company says growth in its cloud

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Speaker 3: computing business slow during the last three months of twenty

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Speaker 3: twenty four. Microsoft is also ramping up spending on infrastructure

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Speaker 3: for its AI products.

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Speaker 2: Well Tech earnings continue today, Nathan, with first quarter results

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Speaker 2: from Apple out after the closing, Bell and Bloomberg's Tom

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Speaker 2: Busby has a preview.

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Speaker 10: Despite a real slump and iPhone sales in China and

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Speaker 10: being way behind other tech giants and rolling out AI products,

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Speaker 10: Apple still forecast to post record results with strong sales

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Speaker 10: of the AI capable iPhone sixteen here in the US,

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Speaker 10: as well as continued strong demand for services like Apple

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Speaker 10: Music and the App Store. Bloomberg is expecting revenues to

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Speaker 10: rise three point eight percent. Consensus calls for total revenue

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Speaker 10: of one hundred and twenty four point one billion, earnings

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Speaker 10: per share of two dollars thirty five cents.

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Speaker 5: Tom Buzzby Bloomberg Radio, All right, Tom, thank you.

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Speaker 3: Keeping eye on shares of IBM, they are higher by

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Speaker 3: about seven percent. Big Blue projected strong revenue growth in

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Speaker 3: the new fiscal year and a jump in AI related bookings.

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Speaker 6: And turning to earnings overseas. Nathan.

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Speaker 2: Shares at Deutsche Bank are down three and a half percent.

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Speaker 2: The bank's expenses rose fourteen percent from a year ago.

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Speaker 2: That's overshadowing a better than expected performance in its investment bank.

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Speaker 3: Turning to the economy, now Karen, the Federal Reserve voted

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Speaker 3: unanimously to keep its benchmark rate on hold.

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Speaker 8: Chair J.

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Speaker 3: Powell says the Fed will wait for further evidence of

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Speaker 3: cooling inflation before adjusting interest rates again. With our policy

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Speaker 3: stance significantly less restrictive than it had been, in the

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Speaker 3: economy remaining strong, we do not need to be in

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Speaker 3: a hurry to adjust our policy stance. Chairman Powell's press

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Speaker 3: conference was followed by President Trump posting online that the

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Speaker 3: Fed share had, in his words, done a terrible job

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Speaker 3: on banking regulation and inflation.

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Speaker 2: Well Nathan Less turned to politics in Washington and a

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Speaker 2: major reversal in the early days of President Trump's second term.

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Speaker 2: The President has rescinded his order to freeze a wide

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Speaker 2: array of federal grants, loans, and financial assistants, just days

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Speaker 2: after his White House Budget Office announced it. Trump defended

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Speaker 2: the order at his first bill signing yesterday.

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Speaker 11: We are merely looking at parts of the big bureaucracy

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Speaker 11: where there has been tremendous waste and fraud and abuse.

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Speaker 2: And President Trump's order had already been temporarily blocked by

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Speaker 2: a federal judge, but this might not be the end

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Speaker 2: of it. A document seen by Bloomberg News as the

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Speaker 2: White House is considering dozens of ways for the President

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Speaker 2: to take greater control of the federal bureaucracy. They include

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Speaker 2: challenging a fifty year old law that limits the president's

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Speaker 2: control of federal spending, making it easier to fire civil servants,

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Speaker 2: kent pay and reign, and independent agencies.

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Speaker 12: Well.

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Speaker 3: Karen, President Trump's nominee to lead the Department of Health

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Speaker 3: and Human Services, faced opposition from Democrats at the first

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Speaker 3: of two confirmation hearings this week. Bloomberg's Amy Morris reports

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Speaker 3: from Washington.

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Speaker 5: Robert F.

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Speaker 13: Kennedy Junior repeatedly insisted to Lawmays that he is not

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Speaker 13: against vaccine.

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Speaker 4: I support the measles vaccine.

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Speaker 5: I support the polio vaccine.

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Speaker 13: But the Finance Committee's Democrats, led by Ron Wyden of Oregon,

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Speaker 13: were not convinced.

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Speaker 4: Anybody who believes that on a look at the measles book,

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Speaker 4: you wrote saying parents have been misled into believing that measles.

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Speaker 5: Is the deadly disease. That's not true.

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Speaker 13: Kennedy, who had supported abortion rights while he was running

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Speaker 13: for president, promised to back all the administration's positions on abortion.

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Speaker 13: The hearing featured repeated interruptions from protesters.

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Speaker 5: I am pro safety, but.

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Speaker 13: The room was also filled with several Kennedy supporters in Washington.

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Speaker 13: Amy Morris, Bloomberg Radio.

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Speaker 6: All right, Amy, thank you well.

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Speaker 2: Two more key Trump nominees will have confirmation hearings today,

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Speaker 2: Telsea Gabber, the President's choice to be the Director of

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Speaker 2: National Intelligence, and Cash Battell, who is nominated to.

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Speaker 6: Have the FBI.

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Speaker 2: Will bring you live coverage of Gabbert's hearing at ten

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Speaker 2: am Wall Street Time on Bloomberg Radio and the Bloomberg

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Speaker 2: podcast page on YouTube. Time Now for a look at

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Speaker 2: some of the other stories making news in New York

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Speaker 2: and around the world, and for that were joined by

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Speaker 2: Bloomberg's Michael Barr Michael, Good Morning, Good.

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Speaker 12: Morning, Karen. The Justice Department is said to be in

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Speaker 12: talks about dropping the corruption charges against New York City

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Speaker 12: Mayor Eric Adams. So far, no final decision has been made.

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Speaker 12: Reports say talks between the DOJ and prosecutors with the

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Speaker 12: Southern District of New York had been preliminary last month,

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Speaker 12: Presidents said that Adams had been treated pretty unfairly by

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Speaker 12: prosecutors and suggested he was considering issuing a pardon. Former

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Speaker 12: US Senator Bob Menendez has been sentenced to eleven years

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Speaker 12: in prison for his conviction for accepting bribes of gold

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Speaker 12: and cash and acting as an agent of Egypt. Before sentencing,

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Speaker 12: the New Jersey Democrat tearfully addressed the judge, saying he

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Speaker 12: had lost everything he cared about except family. Outside the

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Speaker 12: New York courthouse, though, a defiant Menendez aligned himself with

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Speaker 12: President Donald Trump. Welcome to the Southern District of New York,

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Speaker 12: the wild West of political prosecutions.

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Speaker 6: President Trump is right.

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Speaker 12: This process is political, and it's corrupted to the core.

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Speaker 12: Two people convicted of bribing Menendez were sentenced to seven

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Speaker 12: and eight years behind bars. Israel Defense Force soldier a Gomberger,

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Speaker 12: abducted by Hamas in October of twenty twenty three and

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Speaker 12: held in Gaza since then, has been released and is

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Speaker 12: back in Israel. According to the IDF, Burger is on

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Speaker 12: her way to an initial reception point in southern Israel

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Speaker 12: where she will be reunited with the parents. Earlier, she

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Speaker 12: was handed over to the Red Cross and Gaza, who

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Speaker 12: transferred her to Israeli forces in the Gaza. Script Defense

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Speaker 12: Secretary Pete Hexath says the US had the right to

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Speaker 12: do what is necessary to ensure access to the Pentama Canal,

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Speaker 12: adding to President Donald Trump's threats around the crucial trade waterway. Hexath,

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Speaker 12: speaking to Fox News last night, also says he is

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Speaker 12: a establishing a task force to eliminate diversity, equity and

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Speaker 12: inclusion policies in the US military.

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Speaker 11: I think President Trump said it perfect in his inaugural address,

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Speaker 11: which is what we're reinforcing in our directive as well.

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Speaker 6: DoD will be color.

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Speaker 11: Blind and merit based, color blind as it has been,

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Speaker 11: and merit based as it should be. Because, as you

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Speaker 11: know better than anybody, DEI sends the opposite signals.

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Speaker 12: Global news twenty four hours a day and whenever you

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Speaker 12: want it. With Bloomberg News Now, I'm Michael Barr, and

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Speaker 12: this is Bloomberg Karen.

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Speaker 6: All right, Michael Barr, thank you.

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Speaker 2: Time now for the Bloomberg Sports Update, brought to you

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Speaker 2: by Tri State Audi.

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Speaker 6: Here's John stash Hour, John, good morning.

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Speaker 1: Good morning, Terry Nixon. Nuggets at the Guard to the

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Speaker 1: next got an early break when Denver star Nicola Jochu

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Speaker 1: has picked up his second found just ninety seconds in.

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Speaker 1: He only played nine minutes of the first half. Though

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Speaker 1: Denver in the third quarter went from down six to

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Speaker 1: up eight. Nicks rally they won one twenty two to

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Speaker 1: one twelve. Jalen brun Than thirty points, fifteen assists, Ogionanoby

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Speaker 1: scored twenty three. Four other Knicks also in double figures.

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Speaker 1: It's five wins in a row for coach Tom Thibodeaux.

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Speaker 14: Love the unselfishness. I think thirty three assists, guys making plays, jailing,

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Speaker 14: you know, fifteen assists, and when you play like that,

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Speaker 14: that gives you your team like a really strong spirit

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Speaker 14: and togetherness. And I thought we were really connected and

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Speaker 14: that's important to get those shots.

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Speaker 5: Now, look to keep it going.

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Speaker 1: Saturday night at the Garden against Lebron James and the Lakers,

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Speaker 1: Nicks remained game behind the Celtics for second in the East.

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Speaker 1: In Boston, christms Perzinga scored thirty four and are out

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Speaker 1: of Chicago. Rare wind for the Nets, just their third

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Speaker 1: Devils with a five nothings blanking of the Flyers Jake

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Speaker 1: Allen twenty four saves, so they split a home at

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Speaker 1: home with Philly College. Hoops top rank Auburn one at

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Speaker 1: LSU yukon beat to Paul Rutgers one at Northwestern. New

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Speaker 1: Jets coach Aaron Glenn, who coach the defense that Detroit

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Speaker 1: has hired as his defensive coordinator Steve Wilkes, who didn't

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Speaker 1: coach anywhere this past season, but Wilkes has coached sixteen

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Speaker 1: years for six NFL teams, including two short stints as

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Speaker 1: a head coach. Giants offensive cornator Mike Kafka, seen as

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Speaker 1: one of two finalists to be the new head coach

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Speaker 1: in New Orleans. His interview with the Saints lasted nine hours,

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Speaker 1: but the favorite to get the Saints job is Eagles

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Speaker 1: assistant Kellen Moore. Tommy Kinley leaving the Yankee bullpen to

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Speaker 1: Pitchford Detroit. The Mets re signed relievera Ryan Stanek. They

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Speaker 1: start playing today at Pebble Beach. The season debuts for Scotti, Scheffler,

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Speaker 1: and Rory McElroy. John stashanaware of Bloomberg Sport.

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Speaker 9: Coast to coast on Bloomberg Radio nationwide on Serious Exam

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Speaker 9: and around the world on Bloomberg dot Com and the

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Speaker 9: Bloomberg Business app.

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Speaker 6: This is Bloomberg Daybreak.

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Speaker 3: Good morning. I'm Nathan Hager. We returned to the breaking

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Speaker 3: news from overnight. A regional jet flown for American Airlines

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Speaker 3: crashed with a military helicopter last night on approach to

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Speaker 3: Reagan National Airport near Washington, d C.

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Speaker 5: It was on its way from Wichita, Kansas.

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Speaker 3: It has sparked an all out search and rescue effort

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Speaker 3: in the Potomac River nearby. Sixty four people were on

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Speaker 3: that American Airlines flight. Joining us now is Benedict Camel,

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Speaker 3: who heads up Bloomberg's global aviation coverage.

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Speaker 5: Benedict, good morning.

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Speaker 3: What is the latest that we know about this crash?

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Speaker 8: Good morning.

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Speaker 15: So the latest is that were still very much in

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Speaker 15: the sort of salvage part of the operation, and this

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Speaker 15: is a difficult exercise. We heard a couple of hours

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Speaker 15: ago from some officials who had gathered at the airport

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Speaker 15: and gave an update that there were members from the

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Speaker 15: fire Service, there was the mayor, the senator from Kansas

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Speaker 15: where that plane originated. As you said, he was also there,

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Speaker 15: and there's about three hundred people on the ground, boats involved, ambulances,

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Speaker 15: fire engines and so on. What we know at this

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Speaker 15: point is that the incoming regional jet collided with the

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Speaker 15: helicopter that approached the runway. We don't know why that happened.

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Speaker 15: We don't know who is to blame, so that's too

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Speaker 15: early to say. The other thing, crucially that we don't

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Speaker 15: know at this point is whether there are survivors. The

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Speaker 15: head of the fire brigade gave a fairly grim assessment

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Speaker 15: of the scene. He said, this is very difficult to

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Speaker 15: operate in. It's cold, it's icy, the water is murky,

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Speaker 15: the plane has broken up. So it would really come

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Speaker 15: down to a miracle if you find many, if any

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Speaker 15: survivors in this tragedy.

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Speaker 3: And it has to be said that this is some

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Speaker 3: of the most closely monitored and secure air space in

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Speaker 3: the United States, just across from the Pentagon, only a

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Speaker 3: few miles from the White House and Capitol Hill. It

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Speaker 3: has to raise a lot of questions now about how

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Speaker 3: something like this could have happened so close to the

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Speaker 3: seats of power in the United States.

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Speaker 8: Yes, we're absolutely right.

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Speaker 15: I mean, it's not unusual for helicopters to be operating

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Speaker 15: in this area.

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Speaker 8: Clearly one of the aircraft was out of position. President

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Speaker 8: Donald Trump.

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Speaker 15: Weighed in a couple of hours with a message on

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Speaker 15: his social media platform saying, this is an occurrence that

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Speaker 15: should not have happened. He should we say blame or

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Speaker 15: at least he pointed to the tower as being an

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Speaker 15: area that should be should be investigated. But again we

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Speaker 15: are not in that phase of the investigation yet. The NTSB,

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Speaker 15: the FAA, they're all on site. They have teams deployed

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Speaker 15: that are there that will try and retrieve whatever they can.

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Speaker 15: Be at the black boxes, be at footage. As you said,

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Speaker 15: this is a very heavily surveyed part of the country.

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Speaker 15: There is somewhat murky but still footage of the mid

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Speaker 15: air collision, so that might provide some clues as to

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Speaker 15: who was out of position. There's the radio back and

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Speaker 15: forth between air traffic control and the aircraft in the sky.

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Speaker 15: So all of those clues will help paint a picture

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Speaker 15: and provide better clues as to who is to blame

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Speaker 15: and what can be done.

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Speaker 8: That's going forward, Benedict's stay with us.

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Speaker 3: We want to bring in Bloomberg's chief Washington, our chief

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Speaker 3: political correspondent Anne Marie Hordern, who is with us now

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Speaker 3: from Reagan National Airport as I understand it.

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Speaker 5: And Marie, good morning. What can you tell us.

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Speaker 3: Now about this search and rescue effort that, as I

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Speaker 3: understand it has been going on since last night when

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Speaker 3: this crash first happened.

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Speaker 16: Yes, more than three hundred individuals, one hundreds really part

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Speaker 16: of the search and rescue team. What we know according

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Speaker 16: to CBS that eighteen bodies have been recovered after this fatal,

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Speaker 16: deadly crash around nine pm last night. What I could

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Speaker 16: tell you is that now that we move into this

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Speaker 16: rescue mission, a lot of questions are being asked. The

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Speaker 16: National Transportation Safety Board will leave this investigation, of course,

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Speaker 16: will be aided by the SAA. Last night, we did

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Speaker 16: hear from a number of officials, including the just born

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Speaker 16: in Transportation Secretary Sean Duffy and Mayor of DC, Mriol

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Speaker 16: Bowser is saying that they're going to provide another briefing

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Speaker 16: this morning at seven thirty am at DCA, So we

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Speaker 16: will get another update from officials from local authorities this

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Speaker 16: morning at DCA the airport at the moment is closed

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Speaker 16: till eleven am. Potentially that can change, but that is

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Speaker 16: the latest we have right now. As of course, the

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Speaker 16: nation is waking up to this heartbreaking news.

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Speaker 3: It's going to be a crucial update coming up in

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Speaker 3: just the next couple of hours here. But as you know, Anne, Marie,

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Speaker 3: the Potomac River is murky, it is cold, this is

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Speaker 3: going to be a very difficult search and rescue operation.

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Speaker 3: Raises a lot of questions about just what kind of

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Speaker 3: survivability we could see following an incident like this, Absolutely, which.

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Speaker 16: Is why this is so devastating to the entire nation,

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Speaker 16: to everyone involved. Families that were coming here last night

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Speaker 16: with tons of questions wanted to know weather, Luvembre, as

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Speaker 16: anyone says the divers and reverse responders that are out

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Speaker 16: a part of his rescue mission or operating under extremely

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Speaker 16: difficult conditions. It's obviously dark, it's very cold, the water's

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Speaker 16: very muddy. It's incredibly icy to the frigid temperatures that

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Speaker 16: DC had last week. We remember last week the inauguration

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Speaker 16: had to be moved inside because of those weather conditions.

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Speaker 16: So it's incredibly, incredibly difficult right now, and there's just

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Speaker 16: so many questions and just not enough answers.

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Speaker 3: And for a long time Washingtonians, this is going to

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Speaker 3: raise memories of the Air Florida crash into the fourteenth

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Speaker 3: Street Bridge that happened in nineteen eighty two, more than

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Speaker 3: forty years ago. But Anne Marie, in this case, it

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Speaker 3: doesn't look as though the weather, the ice on the

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Speaker 3: wings back then, was the culprit in this situation when

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Speaker 3: we have a regional jet crashing into a military helicopter

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Speaker 3: apparently on a routine test flight. But obviously this anything

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Speaker 3: but routine.

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Speaker 16: No, not anything but routine. I mean, this is Washington,

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Speaker 16: d C. So you do have tons of military aircraft.

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Speaker 16: We are just south of DCA from the Pentagon, across

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Speaker 16: the river from the nation's capital, and there is training

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Speaker 16: that go on and go on at night, and that

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Speaker 16: seems to be what this Black Hall helicopter was doing.

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Speaker 16: With three US military personnel on board, this was training.

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Speaker 16: But even the President of the United States, after the

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Speaker 16: White House put out a statement last night that he

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Speaker 16: was briefed on the matter, May God bless their souls,

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Speaker 16: he talked about the individuals involved. He then took the

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Speaker 16: truth social later in the evening and really You can

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Speaker 16: tell his frustration about how he's asking the question the President.

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Speaker 16: I say, don Trump, why didn't the helicopter go up

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Speaker 16: or down our turn? Why didn't the control tell tell

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Speaker 16: the helicopter what to do instead of asking if they

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Speaker 16: saw the plane?

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Speaker 6: You know?

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Speaker 16: And he sangs the bad situation and feels like it

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Speaker 16: could have been prevented, which is why there's going to

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Speaker 16: be a ton of questions on what kind of radio

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Speaker 16: frequency channels are these two individuals, for these two the

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Speaker 16: helicopter and the passenger plane, on what was the air

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Speaker 16: traffic control telling them at this time? You would think

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Speaker 16: that this could never happen, But obviously devastating tragedy did

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Speaker 16: just nine pm.

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Speaker 3: Last night, and certainly a huge test for this young

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Speaker 3: Trump administration, not just for the brand new Transportation Secretary

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Speaker 3: Sean Duffy, but for Pete Haig Seth, who's in charge

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Speaker 3: of that Sikorsky helicopter that's involved in this.

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Speaker 16: Absolutely, this is Sean Duffy was just born in yesterday.

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Speaker 16: He had been on the job for not even twenty

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Speaker 16: four hours. He was here at DCA last night, three

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Speaker 16: free reporters. When it comes to Pete Haig Seth, he's

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Speaker 16: only been on the job for a few days, so

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Speaker 16: of course this is a huge test for this incoming administration.

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Speaker 16: And we also know a number of individual is not

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Speaker 16: in place yet because this is a transition, So they're

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Speaker 16: dealing with a crisis when a lot of members of

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Speaker 16: their teams are just not yet in place, because we

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Speaker 16: are second week into a new administration.

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Speaker 3: Bloomber chief political correspondent and Marie Hordron with us this

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Speaker 3: morning from Reagan National Airport, now the scene of a

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Speaker 3: search and rescue operation following that deadly plane crash between

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Speaker 3: the flight out of Wichita and the military helicopter out

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Speaker 3: of Fort Belvoir, Virginia. Thanks for keeping us updated on that.

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Speaker 3: We'll be looking to more of your reporting throughout the day.

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Speaker 3: But now we want to bring back in Benedict Cammell,

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Speaker 3: who leads our global aviation coverage for Bloomberg News, raising

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Speaker 3: so many of the questions now, Benedict, for officials, for

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Speaker 3: rescuers as far as how something like this could have happened,

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Speaker 3: What are you looking for in terms of.

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Speaker 5: What could be gleaned out of this?

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Speaker 15: Well, to Anne Marie's point that she raised just now,

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Speaker 15: I think a lot of The focus will be on

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Speaker 15: those fateful last moments and the sort of intercom between

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Speaker 15: the tower and the aircraft. You know, what was said

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Speaker 15: to whom, who was potentially out of position. That will

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Speaker 15: potentially provide an early clue as to who's to blame

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Speaker 15: for this. The aircraft is equipped with what's commonly referred

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Speaker 15: to black boxes. Those are two devices, one that records

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Speaker 15: anything that said in the cockpit as well as noises,

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Speaker 15: and the other one is for sort of flight data metrics,

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Speaker 15: and those.

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Speaker 8: Will be very closely.

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Speaker 15: Scrutinized to any clues in terms of who might have

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Speaker 15: been out of position.

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Speaker 8: We do have a little bit of footage from the grounds.

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Speaker 15: It's blurry somewhat, but again that might be pulled in.

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Speaker 15: We've seen in the past that you have all these

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Speaker 15: different metrics that you can draw on, and the NTSB

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Speaker 15: is obviously a very professional body, knows how to deal

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Speaker 15: with these these kinds of incidents. As Anne Marie said,

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Speaker 15: as huge amount of political press on this. The President

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Speaker 15: has weighed in. It essentially happened, you know, Dari say

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Speaker 15: in his backyard. This is a test case for the

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Speaker 15: new administration, for Pete Hexith's for Sean Duffy, who spoke

443
00:23:11,560 --> 00:23:14,920
Speaker 15: last night at the press conference and who said himself, look,

444
00:23:14,920 --> 00:23:17,600
Speaker 15: I've been in the job for a day, so this

445
00:23:17,760 --> 00:23:20,400
Speaker 15: is really going to be a test case for him

446
00:23:20,440 --> 00:23:23,480
Speaker 15: and how they handle this. The truth will come out,

447
00:23:23,560 --> 00:23:26,119
Speaker 15: but I think everyone was very clear at this point

448
00:23:26,119 --> 00:23:28,560
Speaker 15: that we're not in that phase at the moment. This

449
00:23:28,640 --> 00:23:33,240
Speaker 15: is about trying to find potential survivors, trying to race

450
00:23:33,280 --> 00:23:36,200
Speaker 15: against time, essentially because the cold water will be a

451
00:23:36,280 --> 00:23:39,560
Speaker 15: very difficult environment for anyone to survive. And so that's

452
00:23:39,600 --> 00:23:41,600
Speaker 15: sort of where the focus is right now, and then

453
00:23:41,680 --> 00:23:44,320
Speaker 15: throughout the next day, maybe even at that seven thirty

454
00:23:44,320 --> 00:23:46,520
Speaker 15: press conference there and Marie mentioned we will get a

455
00:23:46,560 --> 00:23:47,200
Speaker 15: little bit more.

456
00:23:47,720 --> 00:23:49,359
Speaker 3: And it has to be said that this is the

457
00:23:49,359 --> 00:23:53,120
Speaker 3: first time that we've seen regional jet crash like this

458
00:23:53,400 --> 00:23:56,800
Speaker 3: in just about fifteen years. It speaks to the rarity

459
00:23:57,160 --> 00:23:59,800
Speaker 3: of something like this. And when it comes to Reagan

460
00:23:59,840 --> 00:24:03,600
Speaker 3: Now National Airport, the flight patterns the pretty much follow

461
00:24:03,640 --> 00:24:06,920
Speaker 3: the Potomac River, whether you're coming in from the north

462
00:24:07,040 --> 00:24:10,480
Speaker 3: or the south, and that raises a question, doesn't it,

463
00:24:10,480 --> 00:24:13,280
Speaker 3: benedict about how something like this could have happened when

464
00:24:13,400 --> 00:24:17,560
Speaker 3: we have such routine flight patterns in and out of

465
00:24:17,600 --> 00:24:18,680
Speaker 3: Reagan National Airport.

466
00:24:19,520 --> 00:24:22,159
Speaker 15: Yeah, you're absolutely right, and you know, to widen the

467
00:24:22,240 --> 00:24:25,600
Speaker 15: lens a little bit. We are coming out of a

468
00:24:25,640 --> 00:24:29,439
Speaker 15: phase of extreme safety in terms of airspace. Might not

469
00:24:29,440 --> 00:24:31,359
Speaker 15: feel that way off the back of a tragedy like this,

470
00:24:31,760 --> 00:24:34,399
Speaker 15: and we've had a couple of similar tragedies in the

471
00:24:34,480 --> 00:24:37,600
Speaker 15: last couple of weeks even and throughout the last year,

472
00:24:37,640 --> 00:24:42,560
Speaker 15: but longer term, aviation safety has improved tremendously. If you

473
00:24:42,560 --> 00:24:45,680
Speaker 15: look at twenty twenty three, there was not a single

474
00:24:46,600 --> 00:24:50,639
Speaker 15: civil aviation accident throughout the entire year. You had thirty

475
00:24:50,640 --> 00:24:54,760
Speaker 15: seven million movements and not a single loss of life.

476
00:24:54,840 --> 00:24:58,600
Speaker 15: So that gives you a sense of where we're coming from.

477
00:24:58,680 --> 00:25:03,120
Speaker 15: So obviously every after that really puts the spotlight on safety.

478
00:25:03,480 --> 00:25:06,040
Speaker 15: We had that incident about a year ago that people

479
00:25:06,359 --> 00:25:11,199
Speaker 15: might remember about the collision in Japan a Tokyo. There

480
00:25:11,240 --> 00:25:14,880
Speaker 15: was a large aircraft that plowed into a stationary plane. Miraculously,

481
00:25:14,920 --> 00:25:18,280
Speaker 15: everybody survived on that aircraft, on the large plane. The

482
00:25:18,320 --> 00:25:21,919
Speaker 15: people on the small plane died tragically. And then we

483
00:25:21,960 --> 00:25:25,160
Speaker 15: had the incident in South Korea a couple of weeks

484
00:25:25,160 --> 00:25:28,680
Speaker 15: ago where the plane attempted an emergency landing and then

485
00:25:28,760 --> 00:25:32,280
Speaker 15: plowed into a concrete wall, and tragically everybody died on that.

486
00:25:32,359 --> 00:25:36,040
Speaker 15: So I'm raising these incidents because they are rare. They

487
00:25:36,040 --> 00:25:39,920
Speaker 15: don't happen often, thankfully, but there's an eerie similarity because

488
00:25:39,920 --> 00:25:45,200
Speaker 15: they're all somehow involved in collisions, in approach.

489
00:25:45,920 --> 00:25:48,199
Speaker 8: And so on. So this is something that will be

490
00:25:48,320 --> 00:25:49,040
Speaker 8: very much watched.

491
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Speaker 2: This is Bloomberg Daybreak, your morning podcast and the stories

492
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Speaker 6: I'm Karen Moscow.

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00:26:37,080 --> 00:26:38,080
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00:26:40,320 --> 00:26:42,840
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