Speaker 1: Bloomberg Audio Studios, Podcasts, radio news.
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
Speaker 2: are the stories we're following today and Karen.
Speaker 3: Oil is trading in near a six month high this
Speaker 3: morning on concerns the US is moving closer to a
Speaker 3: war with Iran. The military build up continues in the
Speaker 3: Middle East, and President Trump says Iran has days to
Speaker 3: agree to a deal over its nuclear program.
Speaker 4: Now we may have to take it a step further,
Speaker 4: or we maybe we're gonna make a deal. You're gonna
Speaker 4: be finding out over the next probably ten days.
Speaker 3: The US now has more forces in the Middle East
Speaker 3: than at any point since the Iraq War.
Speaker 2: As far as his domestic agenda, Nathan, President Trump is
Speaker 2: declaring victory in the fight over cost of living concerns.
Speaker 2: He paid a visit yesterday to the crucial battleground state
Speaker 2: of Georgia.
Speaker 4: What word have you not heard over the last two
Speaker 4: weeks affordability? Because I've won, I've won affordability.
Speaker 2: This signals a new approach by the President. He denied
Speaker 2: problems with his economic agenda while touting stock market gains
Speaker 2: to insist that is tariff playans have been a success.
Speaker 3: Turning to the UK now, Karen, former Prince Andrew has
Speaker 3: been released after he was detained on suspicion of misconduct
Speaker 3: in public office. Let's go to London and get the
Speaker 3: very latest from Bloomberg's Tiwa out of Bio.
Speaker 5: Good morning Tia, Good morning Nathan, Karen. While the fallout
Speaker 5: is continuing here in the UK after the unprecedented arrest
Speaker 5: of former Prince Andrew mount Batton Windsor yesterday, the latest
Speaker 5: is that he has now been released from police custody
Speaker 5: under investigation. That was yesterday evening, Thames Valley Police confirming
Speaker 5: the release of a man in his sixties in Norfolk,
Speaker 5: not naming him as his per the national guidance here
Speaker 5: in the UK. This arrest coming, of course, after revelations
Speaker 5: about mister mount Batton Windsor's ties to convicted sex offender
Speaker 5: Jeffrey Epstein. He has denied all wrongdoing in relation to Epstein.
Speaker 5: Just in terms of the latest from the rest of
Speaker 5: the royal family, Whilst this news was breaking yesterday, the
Speaker 5: King was taking part in a public engagement at London
Speaker 5: Fashion Week. He also released an official statement in which
Speaker 5: he said the law must take its course in London
Speaker 5: to you, added by Bloomberg Radio.
Speaker 2: All right, Tiva, thank you. There is more fallout from
Speaker 2: the Jeffrey Epstein case right here in the US. The
Speaker 2: late sex offender's estate has agreed to pay up to
Speaker 2: thirty five million dollars to resolve all outstanding legal claims
Speaker 2: from women who have not already reached settlements. This proposed
Speaker 2: settlement covers at least forty women who say they were
Speaker 2: sexually abused or trafficked by Epstein between nineteen ninety five
Speaker 2: and August tenth, twenty nineteen, the day he was found
Speaker 2: dead in his jail cell. Their lawsuit was originally filed
Speaker 2: in twenty twenty four against the Epstein estates two co
Speaker 2: executors as longtime lawyer Darren Indike and accounted Richard Kahan.
Speaker 2: Both men have not been accused of abusing women or
Speaker 2: witnessing abuse. They've denied all liability to Epstein's victims and
Speaker 2: agreed to the settlement terms without admitting fault.
Speaker 3: A federal judge still has to approve Karen. Let's turn
Speaker 3: now to the latest in the search for Nancy Guthrie.
Speaker 3: Tomorrow will be three weeks since the mother of today's
Speaker 3: show host Savannah Guthrie was seen at her home near Tucson.
Speaker 3: The FBI has received more than twenty thousand tips, and
Speaker 3: p mccounty Sheriff Chris Nano says every lead helps.
Speaker 6: When those tips dry up, this case goes cold.
Speaker 7: We believe somebody out there knows who did this.
Speaker 8: We need that person to call us.
Speaker 3: P mccunty Sheriff Chris Nano spoke to the ABC station
Speaker 3: in Tucson. He says DNA evidence found at Guthrie's home
Speaker 3: is still going through lab analysis and several hundred personnel
Speaker 3: from multiple law enforcement agencies are assigned to the case.
Speaker 3: Investigators have also identified an Ozark brand backpack the suspect
Speaker 3: was seen wearing in surveillance footage. They're working to determine
Speaker 3: where he bought other items. The FBI reward for information
Speaker 3: that leads to Nancy Guthrie's return is up to one
Speaker 3: hundred thousand dollars.
Speaker 2: Let's turn to the markets now, Nathan, and futures are
Speaker 2: higher as we close out the trading week and company news.
Speaker 2: Netflix said it's proposed acquisition of Warner Brothers Discovery will
Speaker 2: lead to more films in movie theaters is a key
Speaker 2: concern from Hollywood. In an interview with Bloomberg, Netflix co
Speaker 2: CEO Ted Sorrandos says he is highly confident he will
Speaker 2: win the battle against Paramount sky Dance for Warner Brothers.
Speaker 9: I think in the Alternative East, guy has gone, you know,
Speaker 9: missed every deadline. They've been taking nine runs of this
Speaker 9: bid and they was you know, they're not seeing their
Speaker 9: bom except the outcome.
Speaker 2: And Netflix's Ted Sorrandos made the comments earlier in an
Speaker 2: interview with Bloomberg, and you can catch that interview as
Speaker 2: well as live streaming news, all our Bloomberg TV shows, documentaries,
Speaker 2: and more all in one place at Bloomberg dot com
Speaker 2: Forward Slash videos. For the first time in decades, the
Speaker 2: US imported more from Taiwan than China. In fact, US
Speaker 2: purchases of goods from China plunged almost forty four percent
Speaker 2: in December from a year earlier, while shipments from Taiwan
Speaker 2: more than doubled during the same period to twenty four
Speaker 2: point seven billion dollars. This Sirene Taiwanese shipments to the
Speaker 2: US reflects the huge expand and supplies of chips and
Speaker 2: servers for ai companies.
Speaker 3: And US and Chinese fighter jeds briefly faced off Karen
Speaker 3: above waters near the Korean Peninsula, marking a rare confrontation
Speaker 3: in that area. Yon Hop News is reporting that the
Speaker 3: US planes did not enter China's air defense identification zone,
Speaker 3: but Beijing scrambled planes as they neared that region.
Speaker 2: Time now for look at some of the other stories
Speaker 2: making news in New York and around the world, and
Speaker 2: for that we're joined by Bloomberg's Michael bar Michael, good morning.
Speaker 6: Good morning, Karen. Forecasters are keeping an eye on a
Speaker 6: developing coastal storm that will move up the eastern seaboard
Speaker 6: Sunday into Monday. How much snow depends on its truck.
Speaker 6: Bloomberg Media religis Rob Carolyn has the latest.
Speaker 4: Michael.
Speaker 10: We're still watching the potential for a coastal storm Sunday
Speaker 10: into early Monday. The models are still in disagreement. The
Speaker 10: US model brings the storm closest to the coast and
Speaker 10: has the most accumulation. European models further to the south
Speaker 10: and just kind of brushes the tristed area with a
Speaker 10: little bit of light snow. For late Sunday and on
Speaker 10: into Monday, we'll continue to monitor situation over the upcoming weekend. Hopefully,
Speaker 10: by tomorrow the models will start to get an idea
Speaker 10: exactly where the system is headed. I'm Rob, Carolyn Bloomberg Radio.
Speaker 6: Thank you, Rob. President Donald Trump is directing federal agencies
Speaker 6: to release government documents related to extraterrestrial life and unexplained
Speaker 6: aerial phenomenons. President Trump accused former President Barack Obama of
Speaker 6: giving away classified information when he discussed the idea of
Speaker 6: extraterrestrial life during a recent podcast appearance. The US intelligence
Speaker 6: community released a report in twenty twenty one detailing what
Speaker 6: it knew about unidentified flying objects spotted by military pilots
Speaker 6: over the past several decades. The National Governor's Association is
Speaker 6: pulling out of an annual meeting at the White House
Speaker 6: after President Trump declined to invite two Democratic governors. President
Speaker 6: Trump is still expected to meet with the governors at
Speaker 6: the White House today. Police Idaho are searching for a
Speaker 6: suspect who stole an ambulance and then rammed it into
Speaker 6: a Homeland Security office near Boise. Meridian Police Chief Tracy
Speaker 6: Bastercha says then the suspect tried to set a fire,
Speaker 6: but fled after being scared off by first responders.
Speaker 3: There is no doubt this building would have been burned,
Speaker 3: putting the lives of first responders and others.
Speaker 6: For Chris, no one was injured. Actor Eric Dane has died.
Speaker 6: Dane rose to fame as doctor Mark Sloan on TV's
Speaker 6: Gray's Anatomy mcsteeny.
Speaker 8: So what you call me now?
Speaker 10: Mc steene?
Speaker 5: Yeah, but I don't think.
Speaker 8: You're supposed to know that.
Speaker 6: He later starred on Euphoria. Last April, Dane shared his
Speaker 6: diagnosis of als or lou Gerrig's disease. Eric Dane was
Speaker 6: fifty three Global News twenty four hours a day and
Speaker 6: whenever you want it with Bloomberg News Now Michael Barr
Speaker 6: and this is Bloomberg Hery. Thanks Michael.
Speaker 2: Time now for our Bloomberg Sports update, and for that
Speaker 2: you bring John Stashauer.
Speaker 7: Thanks Darren. US Olympic drama and all of it from women. First,
Speaker 7: it was the hockey team who had been so dominant,
Speaker 7: and then in the gold medal game against Canada, shut
Speaker 7: out for fifty eight minutes. Finally Hillary Knight, the Camptain
Speaker 7: scored sent the game to overtime, where Megan Keller scored
Speaker 7: the US with a two to one victory over Canada
Speaker 7: and the gold medal. Then it was the figure skating,
Speaker 7: the free skate performance by Alyssa lou nearly three points
Speaker 7: better than anyone first US women's goal since two thousand
Speaker 7: and two. That's your Bloomberg Sports Update.
Speaker 2: Stay with us. More from Bloomberg Daybreak coming up after this.
Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: Bloomberg Business out This is Bloomberg Daybreak.
Speaker 3: Good morning, I'm Nathan Hager. Ten to fifteen days. That's
Speaker 3: how long President Trump says Iran has to strike a
Speaker 3: nuclear deal. As the US assembles a vast array of
Speaker 3: military fours in the Middle East.
Speaker 4: Now is the time for Iran to join us on
Speaker 4: a path that will complete what we're doing. And if
Speaker 4: they join us, that'll be great. If they don't join us,
Speaker 4: that'll be great too, but it'll be a very different path.
Speaker 3: I was President Trump speaking at the inaugural meeting of
Speaker 3: his Board of Peace in Washington. Joining us from Dubai
Speaker 3: this morning is Stuart Livingstone Wallace, head of Middle East
Speaker 3: coverage for Bloomberg News Stuart, what does the path look.
Speaker 2: Like at this moment?
Speaker 8: Good morning, Good morning, Nathan. So it's a little bit uncertain,
Speaker 8: other than we know that the time frame that we
Speaker 8: were anticipating has been brought forward pretty significantly, and now
Speaker 8: we have this sort of what looks like a hard
Speaker 8: deadline of ten to fifteen days, which is a tall order.
Speaker 8: I remember the last time it was a new cale
Speaker 8: deal with Iran, it took roughly two years, So to
Speaker 8: try and do it in ten to fifteen days is
Speaker 8: going to be very difficult. But what underpins at this time,
Speaker 8: as you mentioned, was this Bass military build up that
Speaker 8: you've seen pretty much the biggest that we've seen in
Speaker 8: about a quarter century since two thousand and three. So
Speaker 8: the clock is ticking, and really what we're waiting for
Speaker 8: is proposals to come from Iran for a potential third
Speaker 8: round of negotiations that's supposed to arrive in the next
Speaker 8: ten days or so, and I guess we're going to
Speaker 8: see what's in those and whether that's going to be
Speaker 8: enough to satisfy the US administration.
Speaker 3: That is one of the ultimate questions, isn't it Whether
Speaker 3: it is going to be enough When we've heard from Israel,
Speaker 3: the Prime Minister Natan Yahoo suggesting that the US should
Speaker 3: go for regime change potentially in Iran.
Speaker 8: That's quite right. What we don't know, and what's not
Speaker 8: clear at the moment is what exactly Trump's ambitions are
Speaker 8: in in this regard. Does he want to go for
Speaker 8: a short strike to try and wring some more concessions
Speaker 8: out of Iran, certainly to expand the negotiations to things
Speaker 8: like ballistic missiles and the regional proxies like ha Mass
Speaker 8: has bollowed, the Hooties and so on, on top of
Speaker 8: the nuclear file. You know, these are all very big
Speaker 8: questions regime change. That is really up for debate about
Speaker 8: whether you can achieve that with the amount of military
Speaker 8: hardware that he has in the region, because you would presume,
Speaker 8: not necessarily, but you would presume that it would require
Speaker 8: boots on the ground, and that feels like a step
Speaker 8: too far at the moment.
Speaker 3: Let's talk about the build up that we have seen
Speaker 3: at this point. You mentioned that it's the kind of
Speaker 3: build up that we haven't seen in nearly a quarter century.
Speaker 3: What kind of firepower is in the region at this moment.
Speaker 8: You've got one carrier strike group that's already here, along
Speaker 8: with a whole array of ships. You've got a second
Speaker 8: one that's currently coming up to the Mediterranean. We're not
Speaker 8: quite certainly where it's going to end up, but it
Speaker 8: may well end up off the coast of Israel from
Speaker 8: which it can launch attacks obviously, but also will play
Speaker 8: a defensive role, because the assumption is that if it
Speaker 8: escalates and escalates and escalates, it does have the potential
Speaker 8: to become a regional war, and Israel would obviously be
Speaker 8: a target, as it was in that twelve day more
Speaker 8: than June last year. So on top of that, it's
Speaker 8: been moving air defenses into the region that is specifically
Speaker 8: Patriot and FAD missile systems. Again we presume of being
Speaker 8: stationed around the numerous US military bases. But on top
Speaker 8: of that, we have to think about the infrastructure that's
Speaker 8: in the region and how critical that is for the
Speaker 8: world's economy, specifically the oil fields as well as the
Speaker 8: export ports. And we're all looking very careful at the
Speaker 8: Persian Gulf, which carries something alike between a quarter and
Speaker 8: a fifth of the world seaborne seaborne oil. So that
Speaker 8: is the focus ready for us in the next several days.
Speaker 3: With that kind of firepower a massed in the region,
Speaker 3: and after the attack on Iran's nuclear facilities last summer
Speaker 3: in our last minute Stewart, what kind of defense could
Speaker 3: Iran potentially mount against the US?
Speaker 8: I mean, the short answer is that it's massively out gone.
Speaker 8: It has no aircraft carries, it has no helicopter carries,
Speaker 8: and no destroyers. It has a handful of frigates and corvettes,
Speaker 8: so from that point of view, not a great deal.
Speaker 8: It does have a significant stockpile of ballistic missiles and
Speaker 8: they are a genuine concern as well as the so
Speaker 8: called asymmetric warfare that you find with drones and that
Speaker 8: there's an unknown to your bos. So it really depends
Speaker 8: on what in the eventuality of attackling the role, and
Speaker 8: what it decides to do in terms of retaliation. Does
Speaker 8: it go for the symbolic or no retaliation that we
Speaker 8: saw largely last year, what does it try and escalate
Speaker 8: the situation. So that's really something that we're looking. Our
Speaker 8: assumption is if it's going to go for serious retaliation,
Speaker 8: it will target shipping that seems to be potentially the
Speaker 8: easiest targets for it. You saw that playbook with the
Speaker 8: Hoosi's in the Red Sea for the last several years,
Speaker 8: and that can be incredibly disrupted.
Speaker 2: This is Bloomberg Daybreak, your morning podcast and the stories
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