WEBVTT - Trump Pushes Iran on Deal; Former Prince Andrew Released After Arrest

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio news.

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<v Speaker 2>Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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<v Speaker 2>are the stories we're following today and Karen.

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<v Speaker 3>Oil is trading in near a six month high this

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<v Speaker 3>morning on concerns the US is moving closer to a

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<v Speaker 3>war with Iran. The military build up continues in the

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<v Speaker 3>Middle East, and President Trump says Iran has days to

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<v Speaker 3>agree to a deal over its nuclear program.

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<v Speaker 4>Now we may have to take it a step further,

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<v Speaker 4>or we maybe we're gonna make a deal. You're gonna

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<v Speaker 4>be finding out over the next probably ten days.

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<v Speaker 3>The US now has more forces in the Middle East

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<v Speaker 3>than at any point since the Iraq War.

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<v Speaker 2>As far as his domestic agenda, Nathan, President Trump is

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<v Speaker 2>declaring victory in the fight over cost of living concerns.

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<v Speaker 2>He paid a visit yesterday to the crucial battleground state

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<v Speaker 2>of Georgia.

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<v Speaker 4>What word have you not heard over the last two

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<v Speaker 4>weeks affordability? Because I've won, I've won affordability.

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<v Speaker 2>This signals a new approach by the President. He denied

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<v Speaker 2>problems with his economic agenda while touting stock market gains

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<v Speaker 2>to insist that is tariff playans have been a success.

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<v Speaker 3>Turning to the UK now, Karen, former Prince Andrew has

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<v Speaker 3>been released after he was detained on suspicion of misconduct

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<v Speaker 3>in public office. Let's go to London and get the

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<v Speaker 3>very latest from Bloomberg's Tiwa out of Bio.

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<v Speaker 5>Good morning Tia, Good morning Nathan, Karen. While the fallout

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<v Speaker 5>is continuing here in the UK after the unprecedented arrest

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<v Speaker 5>of former Prince Andrew mount Batton Windsor yesterday, the latest

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<v Speaker 5>is that he has now been released from police custody

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<v Speaker 5>under investigation. That was yesterday evening, Thames Valley Police confirming

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<v Speaker 5>the release of a man in his sixties in Norfolk,

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<v Speaker 5>not naming him as his per the national guidance here

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<v Speaker 5>in the UK. This arrest coming, of course, after revelations

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<v Speaker 5>about mister mount Batton Windsor's ties to convicted sex offender

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<v Speaker 5>Jeffrey Epstein. He has denied all wrongdoing in relation to Epstein.

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<v Speaker 5>Just in terms of the latest from the rest of

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<v Speaker 5>the royal family, Whilst this news was breaking yesterday, the

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<v Speaker 5>King was taking part in a public engagement at London

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<v Speaker 5>Fashion Week. He also released an official statement in which

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<v Speaker 5>he said the law must take its course in London

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<v Speaker 5>to you, added by Bloomberg Radio.

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<v Speaker 2>All right, Tiva, thank you. There is more fallout from

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<v Speaker 2>the Jeffrey Epstein case right here in the US. The

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<v Speaker 2>late sex offender's estate has agreed to pay up to

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<v Speaker 2>thirty five million dollars to resolve all outstanding legal claims

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<v Speaker 2>from women who have not already reached settlements. This proposed

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<v Speaker 2>settlement covers at least forty women who say they were

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<v Speaker 2>sexually abused or trafficked by Epstein between nineteen ninety five

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<v Speaker 2>and August tenth, twenty nineteen, the day he was found

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<v Speaker 2>dead in his jail cell. Their lawsuit was originally filed

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<v Speaker 2>in twenty twenty four against the Epstein estates two co

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<v Speaker 2>executors as longtime lawyer Darren Indike and accounted Richard Kahan.

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<v Speaker 2>Both men have not been accused of abusing women or

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<v Speaker 2>witnessing abuse. They've denied all liability to Epstein's victims and

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<v Speaker 2>agreed to the settlement terms without admitting fault.

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<v Speaker 3>A federal judge still has to approve Karen. Let's turn

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<v Speaker 3>now to the latest in the search for Nancy Guthrie.

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<v Speaker 3>Tomorrow will be three weeks since the mother of today's

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<v Speaker 3>show host Savannah Guthrie was seen at her home near Tucson.

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<v Speaker 3>The FBI has received more than twenty thousand tips, and

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<v Speaker 3>p mccounty Sheriff Chris Nano says every lead helps.

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<v Speaker 6>When those tips dry up, this case goes cold.

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<v Speaker 7>We believe somebody out there knows who did this.

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<v Speaker 8>We need that person to call us.

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<v Speaker 3>P mccunty Sheriff Chris Nano spoke to the ABC station

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<v Speaker 3>in Tucson. He says DNA evidence found at Guthrie's home

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<v Speaker 3>is still going through lab analysis and several hundred personnel

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<v Speaker 3>from multiple law enforcement agencies are assigned to the case.

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<v Speaker 3>Investigators have also identified an Ozark brand backpack the suspect

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<v Speaker 3>was seen wearing in surveillance footage. They're working to determine

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<v Speaker 3>where he bought other items. The FBI reward for information

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<v Speaker 3>that leads to Nancy Guthrie's return is up to one

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<v Speaker 3>hundred thousand dollars.

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<v Speaker 2>Let's turn to the markets now, Nathan, and futures are

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<v Speaker 2>higher as we close out the trading week and company news.

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<v Speaker 2>Netflix said it's proposed acquisition of Warner Brothers Discovery will

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<v Speaker 2>lead to more films in movie theaters is a key

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<v Speaker 2>concern from Hollywood. In an interview with Bloomberg, Netflix co

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<v Speaker 2>CEO Ted Sorrandos says he is highly confident he will

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<v Speaker 2>win the battle against Paramount sky Dance for Warner Brothers.

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<v Speaker 9>I think in the Alternative East, guy has gone, you know,

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<v Speaker 9>missed every deadline. They've been taking nine runs of this

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<v Speaker 9>bid and they was you know, they're not seeing their

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<v Speaker 9>bom except the outcome.

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<v Speaker 2>And Netflix's Ted Sorrandos made the comments earlier in an

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<v Speaker 2>interview with Bloomberg, and you can catch that interview as

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<v Speaker 2>well as live streaming news, all our Bloomberg TV shows, documentaries,

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<v Speaker 2>and more all in one place at Bloomberg dot com

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<v Speaker 2>Forward Slash videos. For the first time in decades, the

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<v Speaker 2>US imported more from Taiwan than China. In fact, US

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<v Speaker 2>purchases of goods from China plunged almost forty four percent

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<v Speaker 2>in December from a year earlier, while shipments from Taiwan

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<v Speaker 2>more than doubled during the same period to twenty four

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<v Speaker 2>point seven billion dollars. This Sirene Taiwanese shipments to the

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<v Speaker 2>US reflects the huge expand and supplies of chips and

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<v Speaker 2>servers for ai companies.

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<v Speaker 3>And US and Chinese fighter jeds briefly faced off Karen

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<v Speaker 3>above waters near the Korean Peninsula, marking a rare confrontation

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<v Speaker 3>in that area. Yon Hop News is reporting that the

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<v Speaker 3>US planes did not enter China's air defense identification zone,

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<v Speaker 3>but Beijing scrambled planes as they neared that region.

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<v Speaker 2>Time now for look at some of the other stories

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<v Speaker 2>making news in New York and around the world, and

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<v Speaker 2>for that we're joined by Bloomberg's Michael bar Michael, good morning.

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<v Speaker 6>Good morning, Karen. Forecasters are keeping an eye on a

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<v Speaker 6>developing coastal storm that will move up the eastern seaboard

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<v Speaker 6>Sunday into Monday. How much snow depends on its truck.

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<v Speaker 6>Bloomberg Media religis Rob Carolyn has the latest.

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<v Speaker 4>Michael.

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<v Speaker 10>We're still watching the potential for a coastal storm Sunday

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<v Speaker 10>into early Monday. The models are still in disagreement. The

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<v Speaker 10>US model brings the storm closest to the coast and

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<v Speaker 10>has the most accumulation. European models further to the south

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<v Speaker 10>and just kind of brushes the tristed area with a

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<v Speaker 10>little bit of light snow. For late Sunday and on

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<v Speaker 10>into Monday, we'll continue to monitor situation over the upcoming weekend. Hopefully,

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<v Speaker 10>by tomorrow the models will start to get an idea

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<v Speaker 10>exactly where the system is headed. I'm Rob, Carolyn Bloomberg Radio.

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<v Speaker 6>Thank you, Rob. President Donald Trump is directing federal agencies

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<v Speaker 6>to release government documents related to extraterrestrial life and unexplained

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<v Speaker 6>aerial phenomenons. President Trump accused former President Barack Obama of

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<v Speaker 6>giving away classified information when he discussed the idea of

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<v Speaker 6>extraterrestrial life during a recent podcast appearance. The US intelligence

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<v Speaker 6>community released a report in twenty twenty one detailing what

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<v Speaker 6>it knew about unidentified flying objects spotted by military pilots

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<v Speaker 6>over the past several decades. The National Governor's Association is

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<v Speaker 6>pulling out of an annual meeting at the White House

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<v Speaker 6>after President Trump declined to invite two Democratic governors. President

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<v Speaker 6>Trump is still expected to meet with the governors at

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<v Speaker 6>the White House today. Police Idaho are searching for a

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<v Speaker 6>suspect who stole an ambulance and then rammed it into

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<v Speaker 6>a Homeland Security office near Boise. Meridian Police Chief Tracy

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<v Speaker 6>Bastercha says then the suspect tried to set a fire,

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<v Speaker 6>but fled after being scared off by first responders.

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<v Speaker 3>There is no doubt this building would have been burned,

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<v Speaker 3>putting the lives of first responders and others.

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<v Speaker 6>For Chris, no one was injured. Actor Eric Dane has died.

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<v Speaker 6>Dane rose to fame as doctor Mark Sloan on TV's

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<v Speaker 6>Gray's Anatomy mcsteeny.

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<v Speaker 8>So what you call me now?

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<v Speaker 10>Mc steene?

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<v Speaker 5>Yeah, but I don't think.

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<v Speaker 8>You're supposed to know that.

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<v Speaker 6>He later starred on Euphoria. Last April, Dane shared his

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<v Speaker 6>diagnosis of als or lou Gerrig's disease. Eric Dane was

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<v Speaker 6>fifty three Global News twenty four hours a day and

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<v Speaker 6>whenever you want it with Bloomberg News Now Michael Barr

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<v Speaker 6>and this is Bloomberg Hery. Thanks Michael.

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<v Speaker 2>Time now for our Bloomberg Sports update, and for that

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<v Speaker 2>you bring John Stashauer.

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<v Speaker 7>Thanks Darren. US Olympic drama and all of it from women. First,

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<v Speaker 7>it was the hockey team who had been so dominant,

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<v Speaker 7>and then in the gold medal game against Canada, shut

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<v Speaker 7>out for fifty eight minutes. Finally Hillary Knight, the Camptain

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<v Speaker 7>scored sent the game to overtime, where Megan Keller scored

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<v Speaker 7>the US with a two to one victory over Canada

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<v Speaker 7>and the gold medal. Then it was the figure skating,

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<v Speaker 7>the free skate performance by Alyssa lou nearly three points

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<v Speaker 7>better than anyone first US women's goal since two thousand

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<v Speaker 7>and two. That's your Bloomberg Sports Update.

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<v Speaker 2>Stay with us. More from Bloomberg Daybreak coming up after this.

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<v Speaker 1>Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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<v Speaker 1>and around the world on Bloomberg dot Com and the

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<v Speaker 1>Bloomberg Business out This is Bloomberg Daybreak.

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<v Speaker 3>Good morning, I'm Nathan Hager. Ten to fifteen days. That's

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<v Speaker 3>how long President Trump says Iran has to strike a

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<v Speaker 3>nuclear deal. As the US assembles a vast array of

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<v Speaker 3>military fours in the Middle East.

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<v Speaker 4>Now is the time for Iran to join us on

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<v Speaker 4>a path that will complete what we're doing. And if

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<v Speaker 4>they join us, that'll be great. If they don't join us,

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<v Speaker 4>that'll be great too, but it'll be a very different path.

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<v Speaker 3>I was President Trump speaking at the inaugural meeting of

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<v Speaker 3>his Board of Peace in Washington. Joining us from Dubai

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<v Speaker 3>this morning is Stuart Livingstone Wallace, head of Middle East

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<v Speaker 3>coverage for Bloomberg News Stuart, what does the path look.

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<v Speaker 2>Like at this moment?

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<v Speaker 8>Good morning, Good morning, Nathan. So it's a little bit uncertain,

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<v Speaker 8>other than we know that the time frame that we

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<v Speaker 8>were anticipating has been brought forward pretty significantly, and now

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<v Speaker 8>we have this sort of what looks like a hard

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<v Speaker 8>deadline of ten to fifteen days, which is a tall order.

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<v Speaker 8>I remember the last time it was a new cale

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<v Speaker 8>deal with Iran, it took roughly two years, So to

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<v Speaker 8>try and do it in ten to fifteen days is

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<v Speaker 8>going to be very difficult. But what underpins at this time,

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<v Speaker 8>as you mentioned, was this Bass military build up that

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<v Speaker 8>you've seen pretty much the biggest that we've seen in

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<v Speaker 8>about a quarter century since two thousand and three. So

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<v Speaker 8>the clock is ticking, and really what we're waiting for

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<v Speaker 8>is proposals to come from Iran for a potential third

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<v Speaker 8>round of negotiations that's supposed to arrive in the next

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<v Speaker 8>ten days or so, and I guess we're going to

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<v Speaker 8>see what's in those and whether that's going to be

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<v Speaker 8>enough to satisfy the US administration.

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<v Speaker 3>That is one of the ultimate questions, isn't it Whether

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<v Speaker 3>it is going to be enough When we've heard from Israel,

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<v Speaker 3>the Prime Minister Natan Yahoo suggesting that the US should

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<v Speaker 3>go for regime change potentially in Iran.

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<v Speaker 8>That's quite right. What we don't know, and what's not

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<v Speaker 8>clear at the moment is what exactly Trump's ambitions are

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<v Speaker 8>in in this regard. Does he want to go for

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<v Speaker 8>a short strike to try and wring some more concessions

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<v Speaker 8>out of Iran, certainly to expand the negotiations to things

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<v Speaker 8>like ballistic missiles and the regional proxies like ha Mass

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<v Speaker 8>has bollowed, the Hooties and so on, on top of

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<v Speaker 8>the nuclear file. You know, these are all very big

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<v Speaker 8>questions regime change. That is really up for debate about

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<v Speaker 8>whether you can achieve that with the amount of military

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<v Speaker 8>hardware that he has in the region, because you would presume,

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<v Speaker 8>not necessarily, but you would presume that it would require

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<v Speaker 8>boots on the ground, and that feels like a step

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<v Speaker 8>too far at the moment.

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<v Speaker 3>Let's talk about the build up that we have seen

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<v Speaker 3>at this point. You mentioned that it's the kind of

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<v Speaker 3>build up that we haven't seen in nearly a quarter century.

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<v Speaker 3>What kind of firepower is in the region at this moment.

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<v Speaker 8>You've got one carrier strike group that's already here, along

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<v Speaker 8>with a whole array of ships. You've got a second

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<v Speaker 8>one that's currently coming up to the Mediterranean. We're not

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<v Speaker 8>quite certainly where it's going to end up, but it

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<v Speaker 8>may well end up off the coast of Israel from

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<v Speaker 8>which it can launch attacks obviously, but also will play

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<v Speaker 8>a defensive role, because the assumption is that if it

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<v Speaker 8>escalates and escalates and escalates, it does have the potential

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<v Speaker 8>to become a regional war, and Israel would obviously be

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<v Speaker 8>a target, as it was in that twelve day more

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<v Speaker 8>than June last year. So on top of that, it's

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<v Speaker 8>been moving air defenses into the region that is specifically

0:11:57.240 --> 0:12:01.040
<v Speaker 8>Patriot and FAD missile systems. Again we presume of being

0:12:01.040 --> 0:12:04.960
<v Speaker 8>stationed around the numerous US military bases. But on top

0:12:05.000 --> 0:12:07.120
<v Speaker 8>of that, we have to think about the infrastructure that's

0:12:07.160 --> 0:12:08.840
<v Speaker 8>in the region and how critical that is for the

0:12:08.840 --> 0:12:12.000
<v Speaker 8>world's economy, specifically the oil fields as well as the

0:12:12.000 --> 0:12:14.920
<v Speaker 8>export ports. And we're all looking very careful at the

0:12:14.960 --> 0:12:18.760
<v Speaker 8>Persian Gulf, which carries something alike between a quarter and

0:12:18.760 --> 0:12:22.000
<v Speaker 8>a fifth of the world seaborne seaborne oil. So that

0:12:22.160 --> 0:12:26.000
<v Speaker 8>is the focus ready for us in the next several days.

0:12:25.880 --> 0:12:28.480
<v Speaker 3>With that kind of firepower a massed in the region,

0:12:28.520 --> 0:12:33.400
<v Speaker 3>and after the attack on Iran's nuclear facilities last summer

0:12:33.440 --> 0:12:36.800
<v Speaker 3>in our last minute Stewart, what kind of defense could

0:12:36.880 --> 0:12:39.360
<v Speaker 3>Iran potentially mount against the US?

0:12:40.640 --> 0:12:42.920
<v Speaker 8>I mean, the short answer is that it's massively out gone.

0:12:43.000 --> 0:12:45.480
<v Speaker 8>It has no aircraft carries, it has no helicopter carries,

0:12:45.520 --> 0:12:48.000
<v Speaker 8>and no destroyers. It has a handful of frigates and corvettes,

0:12:48.440 --> 0:12:50.080
<v Speaker 8>so from that point of view, not a great deal.

0:12:50.200 --> 0:12:53.080
<v Speaker 8>It does have a significant stockpile of ballistic missiles and

0:12:53.120 --> 0:12:56.200
<v Speaker 8>they are a genuine concern as well as the so

0:12:56.280 --> 0:12:58.719
<v Speaker 8>called asymmetric warfare that you find with drones and that

0:12:59.200 --> 0:13:02.360
<v Speaker 8>there's an unknown to your bos. So it really depends

0:13:02.400 --> 0:13:05.640
<v Speaker 8>on what in the eventuality of attackling the role, and

0:13:05.679 --> 0:13:07.679
<v Speaker 8>what it decides to do in terms of retaliation. Does

0:13:07.679 --> 0:13:10.120
<v Speaker 8>it go for the symbolic or no retaliation that we

0:13:10.160 --> 0:13:13.520
<v Speaker 8>saw largely last year, what does it try and escalate

0:13:13.600 --> 0:13:18.000
<v Speaker 8>the situation. So that's really something that we're looking. Our

0:13:18.040 --> 0:13:20.720
<v Speaker 8>assumption is if it's going to go for serious retaliation,

0:13:21.200 --> 0:13:24.520
<v Speaker 8>it will target shipping that seems to be potentially the

0:13:24.559 --> 0:13:26.839
<v Speaker 8>easiest targets for it. You saw that playbook with the

0:13:26.880 --> 0:13:29.400
<v Speaker 8>Hoosi's in the Red Sea for the last several years,

0:13:29.720 --> 0:13:31.400
<v Speaker 8>and that can be incredibly disrupted.

0:13:32.920 --> 0:13:36.319
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