1 00:00:02,480 --> 00:00:08,040 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:11,000 --> 00:00:12,800 Speaker 2: Good morning, I'm Nathan Hager. 3 00:00:12,720 --> 00:00:15,960 Speaker 1: And I'm Karen Moscow. Here are the stories we're following today. 4 00:00:16,280 --> 00:00:19,520 Speaker 3: We begin with another historic case coming to the Supreme Court. 5 00:00:19,560 --> 00:00:22,800 Speaker 3: The justices have agreed to rule on former President Donald 6 00:00:22,840 --> 00:00:26,680 Speaker 3: Trump's claim of immunity. Bloomberg z Ed Baxter has the story. 7 00:00:26,880 --> 00:00:30,560 Speaker 4: This case will involve the potential immunity from criminal prosecution 8 00:00:30,800 --> 00:00:33,839 Speaker 4: and will be historic. It will determine whether Trump will 9 00:00:33,880 --> 00:00:37,360 Speaker 4: stand trial for the twenty twenty election interference charges. The 10 00:00:37,440 --> 00:00:40,360 Speaker 4: ruling also puts on hold the Washington d C. Election 11 00:00:40,479 --> 00:00:44,479 Speaker 4: interference trial, which was due to start next week. Trump 12 00:00:44,479 --> 00:00:47,040 Speaker 4: has been pushing to put off any trials until after 13 00:00:47,080 --> 00:00:49,920 Speaker 4: the election. The court says we'll hear arguments the week 14 00:00:49,960 --> 00:00:52,720 Speaker 4: of April twenty second, when the Court will rule. As 15 00:00:52,760 --> 00:00:55,720 Speaker 4: a question though it usually hands down its decisions at 16 00:00:55,720 --> 00:00:58,000 Speaker 4: the end of its term in late June, but it 17 00:00:58,040 --> 00:00:59,360 Speaker 4: could expedite things. 18 00:01:00,360 --> 00:01:03,400 Speaker 1: Bloomberg Radio All right, ed, thanks well. In another legal 19 00:01:03,480 --> 00:01:06,800 Speaker 1: battle involving the former president, an Illinois judge has barred 20 00:01:06,840 --> 00:01:10,560 Speaker 1: Donald Trump from appearing on the Republican presidential primary ballot 21 00:01:10,760 --> 00:01:12,720 Speaker 1: that marks the third state to umpose such a ban 22 00:01:12,800 --> 00:01:15,319 Speaker 1: on the former president for his role in the insurrection 23 00:01:15,400 --> 00:01:17,640 Speaker 1: at the US Capitol on January sixth. 24 00:01:17,720 --> 00:01:20,600 Speaker 3: Now, this is just breaking on the Bloomberg Karen a 25 00:01:20,640 --> 00:01:23,960 Speaker 3: new poll on the presidential election, it appears even those 26 00:01:24,040 --> 00:01:27,119 Speaker 3: voters who support President Biden are concerned that he may 27 00:01:27,160 --> 00:01:30,360 Speaker 3: be too old for the job. Bloomberg's Amy Morris reports 28 00:01:30,360 --> 00:01:31,120 Speaker 3: from Washington. 29 00:01:31,400 --> 00:01:34,720 Speaker 5: The Bloomberg News Morning Console poll find swing state voters 30 00:01:34,760 --> 00:01:38,800 Speaker 5: across nearly every major demographic group describe President Biden as 31 00:01:38,840 --> 00:01:41,280 Speaker 5: too old. Even among those who say they plan to 32 00:01:41,400 --> 00:01:44,400 Speaker 5: vote for Biden in November, seven to ten are concerned 33 00:01:44,400 --> 00:01:47,920 Speaker 5: about his age. Almost half of respondents say Republican rival 34 00:01:47,960 --> 00:01:50,480 Speaker 5: Donald Trump is too old. But Trump is also facing 35 00:01:50,520 --> 00:01:54,240 Speaker 5: his own vulnerabilities, with most saying the GOP front runner 36 00:01:54,440 --> 00:01:57,080 Speaker 5: is dangerous. As many as half of swing state voters 37 00:01:57,200 --> 00:01:59,080 Speaker 5: say they would not vote for Donald Trump if he's 38 00:01:59,120 --> 00:02:02,160 Speaker 5: convicted in a criminal case. And while the economy remains 39 00:02:02,160 --> 00:02:05,360 Speaker 5: the top issue amongst swing state voters, more are starting 40 00:02:05,360 --> 00:02:08,720 Speaker 5: to turn their attention to border security. In Washington, Amy 41 00:02:08,720 --> 00:02:10,080 Speaker 5: Moore as Bloomberg Radio. 42 00:02:10,120 --> 00:02:13,000 Speaker 1: Right, Amy, thanks, So, President Biden is turning his attention 43 00:02:13,120 --> 00:02:15,760 Speaker 1: to the border today, He'll be in Brownsville, Texas, to 44 00:02:15,760 --> 00:02:18,960 Speaker 1: meet with border patrol agents and law enforcement. On the 45 00:02:19,040 --> 00:02:22,600 Speaker 1: same day, former President Trump plans to visit Eagle Pass, Texas, 46 00:02:22,800 --> 00:02:25,480 Speaker 1: the epicenter of the recent migrants spike, more than three 47 00:02:25,560 --> 00:02:28,920 Speaker 1: hundred miles away. Larry Sabado with the University of Virginia 48 00:02:29,000 --> 00:02:32,640 Speaker 1: Center for Politics says President Biden knows the border issue 49 00:02:32,680 --> 00:02:34,000 Speaker 1: is a political weak spot. 50 00:02:34,320 --> 00:02:37,920 Speaker 6: The Democrats haven't focused enough on the border, and so 51 00:02:38,080 --> 00:02:40,880 Speaker 6: Biden is going to have to make his case at 52 00:02:40,919 --> 00:02:44,240 Speaker 6: the border repeatedly. And he's got a new weapon to 53 00:02:44,360 --> 00:02:48,640 Speaker 6: use the fact that House Republicans killed the bipartisan bill 54 00:02:48,680 --> 00:02:51,560 Speaker 6: that would have addressed most of their concerns, and. 55 00:02:51,520 --> 00:02:54,760 Speaker 1: The University of Virginia's Larry Sabado says the President is 56 00:02:54,840 --> 00:02:57,519 Speaker 1: likely to use the trip to pressure lawmakers to pass 57 00:02:57,600 --> 00:02:58,960 Speaker 1: that by partisan. 58 00:02:58,639 --> 00:03:02,080 Speaker 3: Senate bills in the Senate. Meanwhile, Karen are going to 59 00:03:02,120 --> 00:03:04,079 Speaker 3: have to decide just how loyal they want their next 60 00:03:04,160 --> 00:03:07,519 Speaker 3: leader to be to Donald Trump. Mitch McConnell is stepping 61 00:03:07,600 --> 00:03:10,960 Speaker 3: away from leadership after the November election. He hinted at 62 00:03:11,000 --> 00:03:13,360 Speaker 3: the fight to come in his announcement. 63 00:03:13,200 --> 00:03:18,280 Speaker 7: Believe me, I know the politics within my party at 64 00:03:18,280 --> 00:03:24,520 Speaker 7: this particular moment in time. I have many faults, mister, 65 00:03:24,639 --> 00:03:26,480 Speaker 7: understanding politics is not. 66 00:03:26,520 --> 00:03:29,840 Speaker 3: One of Leader mcconnald's most likely successors are known as 67 00:03:29,880 --> 00:03:32,960 Speaker 3: the Three Johns. John Thune of South Dakota, John Cornon 68 00:03:33,040 --> 00:03:36,960 Speaker 3: of Texas, and John Barrosso of Wyoming. Unlike McConnell, all 69 00:03:37,000 --> 00:03:40,200 Speaker 3: three have endorsed former President Trump, though Thoon held out 70 00:03:40,240 --> 00:03:41,160 Speaker 3: till just this week. 71 00:03:41,800 --> 00:03:44,840 Speaker 1: Well Nathan, another partial government shutdown is a step closer 72 00:03:44,840 --> 00:03:48,120 Speaker 1: to being averted. Congressional leaders struck a last minute deal 73 00:03:48,200 --> 00:03:51,440 Speaker 1: to provide one more week of funding after this Saturday's 74 00:03:51,480 --> 00:03:54,280 Speaker 1: deadline and keep parts of the government funded through the 75 00:03:54,400 --> 00:03:57,800 Speaker 1: end of September. Other agencies, including the Defense and Homeland 76 00:03:57,800 --> 00:04:00,720 Speaker 1: Security departments, would still face a shutdown on deadline of 77 00:04:00,720 --> 00:04:05,680 Speaker 1: March twenty third. Hardline Republicans, including South Carolina Congressman Ralph Norman, 78 00:04:05,960 --> 00:04:07,600 Speaker 1: are already blasting the deal. 79 00:04:08,000 --> 00:04:09,680 Speaker 4: American people deserve better than this. 80 00:04:10,120 --> 00:04:14,080 Speaker 7: You and ron A Peanuts stand over how the Congress 81 00:04:14,160 --> 00:04:16,360 Speaker 7: is trying to do the national budget. 82 00:04:16,279 --> 00:04:19,719 Speaker 1: And Republican Congressman Ralph Norman tells Bloomberg's balance of power 83 00:04:19,760 --> 00:04:23,719 Speaker 1: he'll vote against another stopgap. Speaker Mike Johnson plans to 84 00:04:23,760 --> 00:04:26,520 Speaker 1: bring the one week extension to the House floor. Today. 85 00:04:26,920 --> 00:04:29,800 Speaker 3: Turning to the markets and the economy now, Karen, Futures 86 00:04:29,839 --> 00:04:32,279 Speaker 3: are headed lower the head of a key report closely 87 00:04:32,320 --> 00:04:35,919 Speaker 3: watched by the FED, the core PCE deflator, the Fed's 88 00:04:35,960 --> 00:04:38,440 Speaker 3: preferred gage of inflation, is due out at eight thirty 89 00:04:38,480 --> 00:04:40,840 Speaker 3: am Wall Street Time. Let's get a preview now from 90 00:04:40,839 --> 00:04:42,120 Speaker 3: Bloomberg's Michael McKee. 91 00:04:42,320 --> 00:04:45,000 Speaker 8: Markets have finally come into alignment with the FED betting 92 00:04:45,040 --> 00:04:48,080 Speaker 8: on three rate cuts this year. That's after consumer and 93 00:04:48,120 --> 00:04:51,520 Speaker 8: producer price inflation came in hotter than expected in January, 94 00:04:51,760 --> 00:04:54,800 Speaker 8: suggesting the central bank needs to keep the economy's breaks on. 95 00:04:55,120 --> 00:04:58,880 Speaker 8: Today we get the fed's primary inflation indicator, personal consumption 96 00:04:59,040 --> 00:05:04,120 Speaker 8: prices more on what people actually are buying each month. Unfortunately, 97 00:05:04,200 --> 00:05:07,360 Speaker 8: it's forecast to echo the other price numbers, rising more 98 00:05:07,360 --> 00:05:10,440 Speaker 8: than expected for January. Some analysts think it could rise 99 00:05:10,480 --> 00:05:13,800 Speaker 8: as much as half a percent after increasing just seventeen 100 00:05:13,839 --> 00:05:17,039 Speaker 8: basis points last month. That kind of result may increase 101 00:05:17,040 --> 00:05:21,200 Speaker 8: speculation Fed officials might adjust their own rate forecast at 102 00:05:21,240 --> 00:05:23,520 Speaker 8: their March meeting. Michael mckae, Bloomberg Radio. 103 00:05:23,720 --> 00:05:25,680 Speaker 1: All right, Mike, thanks well, as we await the PCE 104 00:05:26,080 --> 00:05:30,080 Speaker 1: deflator data on email regarding another economic report is causing 105 00:05:30,120 --> 00:05:32,840 Speaker 1: confusion on Wall Street. We get the latest from Bloomberg's 106 00:05:32,880 --> 00:05:33,440 Speaker 1: John Tucker. 107 00:05:33,520 --> 00:05:36,040 Speaker 9: John, all right, thanks Karen. The number crunchers at the 108 00:05:36,120 --> 00:05:38,560 Speaker 9: Labor Department sent out an email to a group of 109 00:05:38,600 --> 00:05:42,360 Speaker 9: super users and then trying to retract it. It suggested 110 00:05:42,400 --> 00:05:45,520 Speaker 9: a surgeon owner's equivalent rant that showed up in the 111 00:05:45,520 --> 00:05:49,440 Speaker 9: CPI was caused by adjustment to how components of the 112 00:05:49,440 --> 00:05:52,800 Speaker 9: index are weighted. The adjusted weights could keep ratings on 113 00:05:52,920 --> 00:05:55,640 Speaker 9: rents elevated through the first half of the year. The 114 00:05:55,720 --> 00:05:58,840 Speaker 9: pop and owner's equivalent rent that was a major factor 115 00:05:58,920 --> 00:06:01,840 Speaker 9: behind the strength of the over old January CPI figure. 116 00:06:02,200 --> 00:06:05,599 Speaker 9: That's surprised just about everybody. Those higher than expected CPI 117 00:06:05,720 --> 00:06:08,520 Speaker 9: numbers have been cited by Federal Reserve officials as a 118 00:06:08,560 --> 00:06:12,640 Speaker 9: reason to delay interest rate cuts. John Tucker, Bloomberg Radio. 119 00:06:12,800 --> 00:06:15,559 Speaker 3: Now more Fed officials are saying the future of rates 120 00:06:15,600 --> 00:06:18,920 Speaker 3: depends on incoming economic data. New York Fed President John 121 00:06:18,920 --> 00:06:21,720 Speaker 3: Williams says the rate path will follow the numbers rather 122 00:06:21,760 --> 00:06:22,440 Speaker 3: than the calendar. 123 00:06:22,800 --> 00:06:25,160 Speaker 10: Back in December, my colleagues and I put out what 124 00:06:25,200 --> 00:06:28,280 Speaker 10: we call projections or forecasts, and the median was for 125 00:06:28,560 --> 00:06:31,960 Speaker 10: three rate cuts this year in twenty twenty four. Well, 126 00:06:32,040 --> 00:06:33,040 Speaker 10: we're data dependent. 127 00:06:33,080 --> 00:06:35,120 Speaker 7: We're go watch the data. I'm going to watch the data. 128 00:06:35,440 --> 00:06:37,800 Speaker 10: A sign of success to me is that, you know, 129 00:06:37,880 --> 00:06:41,080 Speaker 10: with inflation coming down and the economy so strong, that 130 00:06:41,120 --> 00:06:43,720 Speaker 10: we can be thinking about doing that, I would say 131 00:06:43,760 --> 00:06:44,520 Speaker 10: later this year. 132 00:06:44,720 --> 00:06:47,039 Speaker 3: And those thoughts from New York Fed President John Williams 133 00:06:47,040 --> 00:06:50,719 Speaker 3: were echoed by Boston Susan Collins and Atlanta's Rafael Bostek. 134 00:06:51,040 --> 00:06:53,599 Speaker 1: Well, let's check out some stocks on the move, Nathan, 135 00:06:53,680 --> 00:06:56,240 Speaker 1: as we close out the trading month. Shares a Snowflake, 136 00:06:56,279 --> 00:06:59,840 Speaker 1: plunging twenty three percent, the software maker delivering a disappointing 137 00:07:00,000 --> 00:07:03,760 Speaker 1: sales forecast and announcing that chief executive Frank A. Saluteman 138 00:07:03,880 --> 00:07:06,960 Speaker 1: is stepping down from the role. Investors are trimming shares 139 00:07:07,000 --> 00:07:10,600 Speaker 1: of ww International, the owner of weight Watchers, says Oprah 140 00:07:10,680 --> 00:07:12,880 Speaker 1: Winfrey is going to leave the board, and that stock 141 00:07:12,960 --> 00:07:15,280 Speaker 1: is down twenty two and a half percent. Shares of 142 00:07:15,280 --> 00:07:18,320 Speaker 1: AMC Entertainment down almost eight percent, the world's largest theater 143 00:07:18,440 --> 00:07:21,440 Speaker 1: chain reporting fourth quarter earnings that fell short of Wall 144 00:07:21,480 --> 00:07:22,280 Speaker 1: Street estimates. 145 00:07:25,360 --> 00:07:27,040 Speaker 3: Now the look at some of the other stories making 146 00:07:27,080 --> 00:07:28,920 Speaker 3: news in New York and around the world. We bring 147 00:07:28,920 --> 00:07:31,760 Speaker 3: in Bloomberg's Michael Park. Good morning, Michael, Good morning Nathan. 148 00:07:31,800 --> 00:07:35,440 Speaker 3: The series of wildfires in Texas covers an area larger 149 00:07:35,480 --> 00:07:38,800 Speaker 3: than the state of Rhode Island. The explosive growth of 150 00:07:38,840 --> 00:07:42,440 Speaker 3: the second largest wildfire in the state's history slowed as 151 00:07:42,520 --> 00:07:46,440 Speaker 3: winds and temperatures dipped, but the massive blaze was still untamed. 152 00:07:46,800 --> 00:07:50,560 Speaker 3: The Smokehouse fire is the largest of several major fires 153 00:07:50,560 --> 00:07:54,680 Speaker 3: burning in the rural Panhandle section of the state, destroying homes, ranches, 154 00:07:54,680 --> 00:07:58,320 Speaker 3: and livestock. One fire swept through the town of Canadian. 155 00:07:58,840 --> 00:08:02,400 Speaker 3: Nim Kid is with the Texas Emergency Management Division. 156 00:08:02,240 --> 00:08:04,840 Speaker 8: And we don't want people going back if the evacuation 157 00:08:05,040 --> 00:08:08,000 Speaker 8: orders are still in place. I believe this fire will 158 00:08:08,000 --> 00:08:09,880 Speaker 8: grow before it gets fully contained. 159 00:08:09,920 --> 00:08:13,160 Speaker 11: Yes, so far, and eighty three year old grandmother is 160 00:08:13,200 --> 00:08:17,000 Speaker 11: the only confirmed death. Just today, after dozens of migrants 161 00:08:17,040 --> 00:08:19,960 Speaker 11: were discovered living in the basement of a Queen's furniture store, 162 00:08:20,400 --> 00:08:24,240 Speaker 11: more migrants were found at another furniture store in the Bronx. 163 00:08:24,680 --> 00:08:27,680 Speaker 11: The owner of the Bronx store on East Kingbridge Road 164 00:08:27,760 --> 00:08:31,520 Speaker 11: is apparently the same owner of the Queen store. Yesterday, 165 00:08:31,560 --> 00:08:35,600 Speaker 11: authority said it was discovered dozens of West African migrants 166 00:08:35,640 --> 00:08:38,960 Speaker 11: paid deposits and three hundred dollars a month to stay 167 00:08:39,360 --> 00:08:43,040 Speaker 11: in the illegal tiny retail space. New York City Mayor 168 00:08:43,160 --> 00:08:47,120 Speaker 11: Eric Adams announced the release of the Green Economy Action Plan. 169 00:08:47,600 --> 00:08:50,040 Speaker 11: The mayor says it's a first of its kind plan 170 00:08:50,160 --> 00:08:53,040 Speaker 11: that lays out a road map to invest in jobs 171 00:08:53,080 --> 00:08:56,400 Speaker 11: and sectors that will help the city combat climate change. 172 00:08:56,520 --> 00:09:00,000 Speaker 11: Adams made the announcement yesterday when the city had unseasonable 173 00:09:00,200 --> 00:09:01,080 Speaker 11: mild temperatures. 174 00:09:01,320 --> 00:09:05,360 Speaker 12: Climate change is real. We see it every time we 175 00:09:05,480 --> 00:09:09,480 Speaker 12: see the coastal storms. And let's be clear, we are 176 00:09:09,679 --> 00:09:13,840 Speaker 12: in February and you can go outside without a jacket on. 177 00:09:14,280 --> 00:09:18,480 Speaker 11: About four hundred thousand projected green collar jobs are expected 178 00:09:18,480 --> 00:09:21,680 Speaker 11: in this city by twenty forty. The Commerce Department says 179 00:09:21,679 --> 00:09:25,840 Speaker 11: the US will investigate potential data and cybersecurity risks posed 180 00:09:25,840 --> 00:09:30,600 Speaker 11: by Chinese electric vehicles and other Internet connected cars. That's 181 00:09:30,640 --> 00:09:35,080 Speaker 11: according to an administration official who requested anonymity. Comedian and 182 00:09:35,160 --> 00:09:38,400 Speaker 11: actor Richard Lewis has died. Lewis was well known as 183 00:09:38,440 --> 00:09:41,880 Speaker 11: a stand up comic and actor, but probably most notable 184 00:09:42,120 --> 00:09:45,439 Speaker 11: for playing a fictional version of himself on HBO's curb 185 00:09:45,480 --> 00:09:46,400 Speaker 11: your enthusiasm. 186 00:09:46,679 --> 00:09:48,160 Speaker 4: Well, I have better news for you. 187 00:09:48,200 --> 00:09:49,200 Speaker 7: I'm leaving you in my will. 188 00:09:49,240 --> 00:09:50,600 Speaker 10: I'm tweaking it and you're in it. 189 00:09:51,480 --> 00:09:51,920 Speaker 7: Don't do that. 190 00:09:52,080 --> 00:09:52,560 Speaker 11: It's done. 191 00:09:52,720 --> 00:09:53,080 Speaker 8: You're in. 192 00:09:53,200 --> 00:09:53,719 Speaker 7: I don't want to be. 193 00:09:53,880 --> 00:09:55,200 Speaker 5: I have money, I don't need it. 194 00:09:55,360 --> 00:09:56,360 Speaker 7: Give it to someone who needs it. 195 00:09:56,400 --> 00:09:56,839 Speaker 13: When I die. 196 00:09:56,840 --> 00:09:58,600 Speaker 4: I want you to know how much I care about you. 197 00:09:58,679 --> 00:09:59,360 Speaker 10: I'm not going to keep it. 198 00:09:59,360 --> 00:10:01,080 Speaker 4: I'm going to give it my best friend. 199 00:10:01,080 --> 00:10:01,679 Speaker 8: You're getting it. 200 00:10:02,080 --> 00:10:05,040 Speaker 11: According to his publicist, Richard Lewis died peacefully at a 201 00:10:05,120 --> 00:10:07,480 Speaker 11: home in Los Angeles after suffering a heart attack at 202 00:10:07,480 --> 00:10:10,280 Speaker 11: age seventy six. Global News twenty four hours a day 203 00:10:10,320 --> 00:10:13,079 Speaker 11: and whenever you want it with Bloomberg News Now, Michael Barr, 204 00:10:13,160 --> 00:10:14,120 Speaker 11: this is Bloomberg Natan. 205 00:10:14,200 --> 00:10:21,680 Speaker 3: Okay, Michael, thank you. Time now for the Bloomberg Sports 206 00:10:21,760 --> 00:10:23,880 Speaker 3: up DA. Good morning, chun Stasher. 207 00:10:23,400 --> 00:10:25,720 Speaker 14: Good morning naighth and check of the NHL standings right 208 00:10:25,720 --> 00:10:29,320 Speaker 14: now finds that no team has more points then the Rangers. 209 00:10:29,320 --> 00:10:30,920 Speaker 14: At the Garden, they made it eleven wins the last 210 00:10:30,920 --> 00:10:33,160 Speaker 14: twelve games. They beat the only team that has beaten 211 00:10:33,200 --> 00:10:35,640 Speaker 14: them during that time. Three nights after the Rangers lost 212 00:10:35,640 --> 00:10:38,439 Speaker 14: in Columbus, they beat the Blue Jackets four to one. 213 00:10:38,480 --> 00:10:40,760 Speaker 14: Pair of goals for our Timmy Panarin against his old team, 214 00:10:40,800 --> 00:10:44,319 Speaker 14: Thirty saves for Igor chess Terkin Rangers fortieth win and 215 00:10:44,480 --> 00:10:47,080 Speaker 14: in half of them chess Drkin is allowed no more 216 00:10:47,120 --> 00:10:49,719 Speaker 14: than two goals. At MSG tonight, it's the banged up 217 00:10:49,720 --> 00:10:53,079 Speaker 14: and slumping Nicks against the Warriors. Always a hot ticket 218 00:10:53,080 --> 00:10:54,560 Speaker 14: when Steph Curry comes to town. 219 00:10:54,559 --> 00:10:55,240 Speaker 11: Battle of La. 220 00:10:55,360 --> 00:10:57,920 Speaker 14: Last night, the Lakers trailed the Clippers by twenty one. 221 00:10:58,320 --> 00:11:01,160 Speaker 14: In the fourth quarter, Lebron James brought the Lakers back 222 00:11:01,200 --> 00:11:04,640 Speaker 14: to victory. He outscored the Clippers by himself in the fourth. 223 00:11:04,880 --> 00:11:06,600 Speaker 14: Chicago be Cleveland of double overtime. 224 00:11:06,600 --> 00:11:07,040 Speaker 5: Big E St. 225 00:11:07,200 --> 00:11:10,240 Speaker 14: John's third straight win eighty two sixty nine at Butler. 226 00:11:10,240 --> 00:11:12,920 Speaker 14: Seaton Hall lost by twenty one at Creighton, also fifth 227 00:11:12,960 --> 00:11:16,079 Speaker 14: rank Marquette won by twenty two, and the acc Duke 228 00:11:16,480 --> 00:11:20,600 Speaker 14: beat Louisville Duke Star Centaer Kyle Philapowski did play despite 229 00:11:20,600 --> 00:11:23,760 Speaker 14: the knee injury suffered when Wake Forest fans stormed the 230 00:11:23,760 --> 00:11:25,880 Speaker 14: court last Saturday, and Port Saint Luisie win for the 231 00:11:25,920 --> 00:11:28,440 Speaker 14: Mets now four and one. Pete a Lonzo homerd so 232 00:11:28,559 --> 00:11:31,760 Speaker 14: did Trace Thompson priorady. The second time. One thing seems 233 00:11:31,760 --> 00:11:34,240 Speaker 14: certain about the Jets roster in twenty twenty four. It 234 00:11:34,320 --> 00:11:38,160 Speaker 14: won't include Zach Wilson. The Jets general manager is Joe Douglass. 235 00:11:38,960 --> 00:11:41,320 Speaker 15: I've had a good conversation with his agent, Brian Ariel, 236 00:11:42,720 --> 00:11:45,640 Speaker 15: who we where we are exactly we've given We've given 237 00:11:45,679 --> 00:11:48,760 Speaker 15: them permission to talk to other teams about a trade. 238 00:11:49,400 --> 00:11:52,480 Speaker 15: I'm gonna circle back with Brian at some point either 239 00:11:52,520 --> 00:11:54,440 Speaker 15: this week or next week, just to see how those 240 00:11:54,480 --> 00:12:00,600 Speaker 15: conversations go. But other than that, there's nothing else to report. 241 00:12:00,880 --> 00:12:04,080 Speaker 14: Jets owner Woody Johnson recently said that Jets made a 242 00:12:04,120 --> 00:12:07,440 Speaker 14: backup quarterback because last season they didn't have one, a 243 00:12:07,480 --> 00:12:10,560 Speaker 14: clear shot at Wilson, who certainly struggled after Aaron Rodgers 244 00:12:10,640 --> 00:12:11,120 Speaker 14: went down. 245 00:12:11,520 --> 00:12:13,080 Speaker 11: John Stanshawer Bloomberg Sports d. 246 00:12:13,400 --> 00:12:15,240 Speaker 3: Thank you, John. Now, let's get right back to all 247 00:12:15,280 --> 00:12:18,720 Speaker 3: that's happening in the nation's capital. Former President Donald Trump's 248 00:12:18,720 --> 00:12:20,760 Speaker 3: immunity claims are about to get an airing at the 249 00:12:20,800 --> 00:12:24,040 Speaker 3: Supreme Court. Border security is about to take center stage 250 00:12:24,040 --> 00:12:27,040 Speaker 3: in the campaign. In a split screen moment for President 251 00:12:27,080 --> 00:12:30,840 Speaker 3: Biden and former President Trump and Mitch McConnell's departure is 252 00:12:30,880 --> 00:12:33,720 Speaker 3: setting up a GOP leadership fight in the Senate. For 253 00:12:33,800 --> 00:12:36,520 Speaker 3: more on all this and more happening in the nation's capital, 254 00:12:36,559 --> 00:12:39,439 Speaker 3: Greg Valier is back with US chief US policy strategist 255 00:12:39,960 --> 00:12:43,400 Speaker 3: at AGF Investments. It's difficult to know where to start, Greg, 256 00:12:43,440 --> 00:12:46,800 Speaker 3: but we'll do so. With this Supreme Court decision to 257 00:12:47,200 --> 00:12:50,400 Speaker 3: hear the immunity claims from former President Trump, first off, 258 00:12:50,400 --> 00:12:52,520 Speaker 3: were you surprised that the High Court decided to take 259 00:12:52,520 --> 00:12:52,960 Speaker 3: this up? 260 00:12:54,000 --> 00:12:56,280 Speaker 13: No, I thought it would come. I think. 261 00:12:56,320 --> 00:12:56,360 Speaker 1: So. 262 00:12:57,080 --> 00:13:00,440 Speaker 13: The real angle here, Nathan, is how long this could 263 00:13:00,480 --> 00:13:04,000 Speaker 13: delay the process. I mean, Trump is brilliant at delaying 264 00:13:04,040 --> 00:13:07,920 Speaker 13: and appealing, dragging things out, and I think that this 265 00:13:08,040 --> 00:13:11,200 Speaker 13: Supreme Court case could go well into the summer, maybe 266 00:13:11,200 --> 00:13:15,840 Speaker 13: into the fall. Could we have an inauguration with these 267 00:13:15,920 --> 00:13:18,000 Speaker 13: legal charges still hanging over Trump? 268 00:13:18,760 --> 00:13:22,040 Speaker 3: And to that point, the Supreme Court says it's going 269 00:13:22,080 --> 00:13:25,080 Speaker 3: to hear arguments in late April. Why wait till then? 270 00:13:26,600 --> 00:13:29,040 Speaker 13: Hard to say. I don't know the answer to that, 271 00:13:29,520 --> 00:13:32,440 Speaker 13: but I do feel that this is going to go 272 00:13:32,520 --> 00:13:33,840 Speaker 13: on for many months. 273 00:13:34,120 --> 00:13:37,440 Speaker 3: Yeah, you mentioned that it could happen right around inauguration time, 274 00:13:37,480 --> 00:13:41,520 Speaker 3: that these cases could still be hanging over the former president. 275 00:13:41,559 --> 00:13:45,720 Speaker 3: But if the court does rule against former President Trump 276 00:13:45,800 --> 00:13:48,560 Speaker 3: and find that he's not immune to prosecution, it goes 277 00:13:48,640 --> 00:13:51,800 Speaker 3: back I assume to the lower court that does indicated 278 00:13:52,040 --> 00:13:54,280 Speaker 3: that it's going to try this case or at least 279 00:13:54,280 --> 00:13:57,520 Speaker 3: try to get it done relatively quickly. So how do 280 00:13:57,559 --> 00:13:58,840 Speaker 3: you see it playing out? 281 00:13:59,120 --> 00:14:01,800 Speaker 13: Well? I think the the wild card here is the 282 00:14:01,840 --> 00:14:06,560 Speaker 13: ability of Trump to, if he wins re election, to 283 00:14:06,679 --> 00:14:10,680 Speaker 13: get his new attorney general and others to pardon him 284 00:14:10,720 --> 00:14:14,119 Speaker 13: to drop the charges. And I think that is a 285 00:14:14,160 --> 00:14:16,640 Speaker 13: threat that you cannot dismiss and. 286 00:14:17,120 --> 00:14:19,320 Speaker 3: Something that a lot of voters are going to be 287 00:14:19,520 --> 00:14:23,400 Speaker 3: grappling with. I would imagine as this twenty twenty four 288 00:14:23,480 --> 00:14:26,480 Speaker 3: campaign goes on. I mean, the former president has managed, 289 00:14:26,480 --> 00:14:29,240 Speaker 3: as you say, to turn his legal troubles to his 290 00:14:29,280 --> 00:14:33,080 Speaker 3: political advantage. But if he's facing some serious charges like 291 00:14:33,120 --> 00:14:35,600 Speaker 3: the ones that Special Counsel Jack Smith has brought against 292 00:14:35,640 --> 00:14:38,360 Speaker 3: the former president, do you see that dynamic shifting at all. 293 00:14:38,840 --> 00:14:41,800 Speaker 13: Well, it's worth noting that Smith was not happy yesterday 294 00:14:42,200 --> 00:14:45,120 Speaker 13: at the prospect that this could drag on, and I 295 00:14:45,120 --> 00:14:48,960 Speaker 13: think Smith has to be concerned that it could be 296 00:14:49,080 --> 00:14:53,200 Speaker 13: October and this trial could still be ongoing. That would 297 00:14:53,240 --> 00:14:57,480 Speaker 13: be very unnerving for the US now. 298 00:14:57,520 --> 00:14:59,800 Speaker 3: Of course, there are so many issues at play in 299 00:14:59,800 --> 00:15:02,080 Speaker 3: the race, not the least of which, of the I mean, 300 00:15:02,320 --> 00:15:06,000 Speaker 3: for most, for most voters in the polls, is immigration. 301 00:15:06,320 --> 00:15:09,160 Speaker 3: And we're about to have this split screen moment in 302 00:15:09,200 --> 00:15:12,160 Speaker 3: Texas for Biden and Trump at the border. How important 303 00:15:12,240 --> 00:15:14,760 Speaker 3: could today be when it comes to the narrative around 304 00:15:14,800 --> 00:15:15,560 Speaker 3: border security? 305 00:15:16,200 --> 00:15:18,120 Speaker 13: Oh, on a cenek. I think this is just a 306 00:15:18,160 --> 00:15:23,240 Speaker 13: photo op for both of them. You'd love to see 307 00:15:23,240 --> 00:15:27,720 Speaker 13: some progress toward reviving the deal that died a few 308 00:15:27,720 --> 00:15:30,040 Speaker 13: weeks ago, but I don't see it. I think both 309 00:15:30,080 --> 00:15:33,960 Speaker 13: parties will keep immigration as a political issue for the 310 00:15:33,960 --> 00:15:34,600 Speaker 13: fall election. 311 00:15:35,760 --> 00:15:38,920 Speaker 3: So you don't think that bipartisan Senate bill gets revived 312 00:15:39,000 --> 00:15:39,800 Speaker 3: anytime soon. 313 00:15:40,600 --> 00:15:43,560 Speaker 13: I don't think so. I mean the vehicle, of course, 314 00:15:43,600 --> 00:15:46,960 Speaker 13: would be aid to Ukraine, and if you could put 315 00:15:47,000 --> 00:15:50,200 Speaker 13: that all together in a deal, you might be able 316 00:15:50,240 --> 00:15:53,440 Speaker 13: to revive it, but it's already failed once in the House. 317 00:15:54,160 --> 00:15:57,160 Speaker 13: We'll see about Mike Johnson. He's shown a little bit 318 00:15:57,240 --> 00:16:01,480 Speaker 13: more skilled as a negotiator in the last week or two. 319 00:16:01,760 --> 00:16:04,040 Speaker 13: You know, maybe he can put a deal together, but 320 00:16:04,040 --> 00:16:04,920 Speaker 13: I wouldn't bet on it. 321 00:16:05,160 --> 00:16:07,080 Speaker 3: Yeah, a lot of these issues, I would imagine are 322 00:16:07,080 --> 00:16:09,320 Speaker 3: going to come into play as we get closer to 323 00:16:09,560 --> 00:16:12,600 Speaker 3: a leadership fight in the Senate. With Mitch McConnell's surprise 324 00:16:12,600 --> 00:16:17,120 Speaker 3: announcement that he's stepping down after the November election. Where 325 00:16:17,120 --> 00:16:20,520 Speaker 3: do you see this leadership fight going? What could the 326 00:16:20,560 --> 00:16:24,800 Speaker 3: next Republican leader look like when it comes to support 327 00:16:24,880 --> 00:16:27,360 Speaker 3: for loyalty to former President Trump? 328 00:16:28,040 --> 00:16:31,880 Speaker 13: Well, ironically, in the Senate there's only a handful of 329 00:16:32,120 --> 00:16:40,040 Speaker 13: Republicans who support Trump, and with McConnell leaving, it makes 330 00:16:40,040 --> 00:16:43,960 Speaker 13: things even more difficult for the President. So I think 331 00:16:44,000 --> 00:16:49,560 Speaker 13: that within the Senate we're going to see several candidates emerge, 332 00:16:49,560 --> 00:16:53,800 Speaker 13: maybe half a dozen, but clearly the torch has been passed. 333 00:16:54,080 --> 00:16:57,320 Speaker 13: I mean, McConnell had a huge influence on US foreign 334 00:16:57,360 --> 00:17:02,880 Speaker 13: policy and defense in Ukraine and judicial nominations, and whoever 335 00:17:02,920 --> 00:17:06,200 Speaker 13: succeeds him as really big shoes to fill. 336 00:17:06,240 --> 00:17:08,640 Speaker 3: Just quickly, are you ready to make a call on 337 00:17:08,680 --> 00:17:10,120 Speaker 3: who that next leader might be? 338 00:17:11,119 --> 00:17:14,280 Speaker 13: I'd say maybe John Cornyan of Texas as a placeholder. 339 00:17:15,520 --> 00:17:20,040 Speaker 13: John Barrasso out Western Wyoming has a chance, and so 340 00:17:20,119 --> 00:17:22,960 Speaker 13: does Thon of South Dakota. Although has been very cool 341 00:17:23,000 --> 00:17:25,960 Speaker 13: to Trump. This is going to be a Trump Senate 342 00:17:26,080 --> 00:17:27,120 Speaker 13: no question about it. 343 00:17:27,640 --> 00:17:31,919 Speaker 3: Okay, Greg Valiere, a comprehensive roundup of all that's happening 344 00:17:31,920 --> 00:17:34,399 Speaker 3: in the nation's capital. Greg, thanks again for being with 345 00:17:34,480 --> 00:17:38,720 Speaker 3: US chief US policy strategist at AGF Investments. Now we 346 00:17:38,760 --> 00:17:42,239 Speaker 3: want to go even deeper on the dynamics driving this 347 00:17:42,359 --> 00:17:46,040 Speaker 3: presidential campaign and the results from our latest Bloomberg News 348 00:17:46,320 --> 00:17:50,159 Speaker 3: Morning Consult poll of voters in swing states that'll be 349 00:17:50,280 --> 00:17:53,639 Speaker 3: key in deciding the twenty twenty four election. For that, 350 00:17:53,720 --> 00:17:57,880 Speaker 3: we're joined by Bloomberg National Politics reporter Gregory Cordy and 351 00:17:58,160 --> 00:18:01,040 Speaker 3: Greg Just to take a broad view of this poll, 352 00:18:01,119 --> 00:18:04,600 Speaker 3: it seems like the choice that most swing state voters 353 00:18:04,600 --> 00:18:09,600 Speaker 3: say they have in a likely rematch between President Biden 354 00:18:09,640 --> 00:18:12,160 Speaker 3: and former President Trump is do I choose the guy 355 00:18:12,160 --> 00:18:14,560 Speaker 3: who's too old or the guy who's too dangerous? 356 00:18:15,800 --> 00:18:18,600 Speaker 16: Yeah, that was exactly what came out of this Paul, 357 00:18:18,640 --> 00:18:20,960 Speaker 16: as we asked these swing state voters to kind of 358 00:18:22,000 --> 00:18:25,160 Speaker 16: tell us which of these two candidates is described by 359 00:18:26,040 --> 00:18:29,400 Speaker 16: a number of different characteristics, one of which is too old. 360 00:18:29,520 --> 00:18:35,720 Speaker 16: And this poll came in the aftermath of this her 361 00:18:35,760 --> 00:18:40,880 Speaker 16: report into President Biden's handling of classified information, in which 362 00:18:40,880 --> 00:18:43,879 Speaker 16: he said he characterized Biden as an elderly man with 363 00:18:43,960 --> 00:18:47,760 Speaker 16: a poor memory, and that really resonated with voters across 364 00:18:47,880 --> 00:18:51,280 Speaker 16: every single demographic group. In our poll, and we have 365 00:18:51,480 --> 00:18:55,880 Speaker 16: one hundred and five different crosstabs in this poll, every 366 00:18:55,880 --> 00:18:59,200 Speaker 16: single one of them said Biden is too old. Eighty 367 00:18:59,240 --> 00:19:02,000 Speaker 16: two percent, we're all and that's just a stunning number 368 00:19:02,040 --> 00:19:04,960 Speaker 16: of the Americans who don't agree on much agree on that. 369 00:19:05,440 --> 00:19:08,120 Speaker 16: And then a smaller number, but a significant number, about 370 00:19:08,160 --> 00:19:12,040 Speaker 16: fifty two percent say that President former President Trump is 371 00:19:12,920 --> 00:19:17,920 Speaker 16: dangerous and so very strong personalities and very strong and 372 00:19:19,600 --> 00:19:22,720 Speaker 16: calcified opinions that Americans have of these two men. 373 00:19:23,040 --> 00:19:26,359 Speaker 3: And it gets to sort of the dynamic that I 374 00:19:26,400 --> 00:19:30,040 Speaker 3: think we've talked about playing out in this race for 375 00:19:30,119 --> 00:19:33,200 Speaker 3: quite some time, that when it comes to President Biden 376 00:19:33,280 --> 00:19:36,320 Speaker 3: and former President Trump, it seems like most voters have 377 00:19:36,440 --> 00:19:40,200 Speaker 3: more negative opinions of these two front runners than positive. 378 00:19:41,520 --> 00:19:45,760 Speaker 16: Yeah, and we're seeing really significant numbers of what we 379 00:19:45,840 --> 00:19:48,760 Speaker 16: call double haters, people who say they have a negative 380 00:19:48,760 --> 00:19:52,400 Speaker 16: impression of both of these men and not really having 381 00:19:52,480 --> 00:19:56,720 Speaker 16: a place to go. We do see that Robert F. 382 00:19:56,800 --> 00:20:01,879 Speaker 16: Kennedy Junior continues to get you a good amount of 383 00:20:02,440 --> 00:20:06,359 Speaker 16: support not enough to win or perhaps even make a 384 00:20:06,400 --> 00:20:10,960 Speaker 16: difference in any one state, but there is a third 385 00:20:10,960 --> 00:20:14,280 Speaker 16: party possibility with third party candidates still out there. But 386 00:20:14,359 --> 00:20:18,200 Speaker 16: across these seven swing states form President Trump still leads 387 00:20:18,240 --> 00:20:22,160 Speaker 16: Biden an average of five percent across all the states, 388 00:20:22,160 --> 00:20:23,560 Speaker 16: and in each and every one of them, some are 389 00:20:23,600 --> 00:20:27,880 Speaker 16: within the margin of error, some not. But Trump's lead 390 00:20:27,880 --> 00:20:30,399 Speaker 16: over Biden has been pretty consistent in every poll that 391 00:20:30,440 --> 00:20:31,800 Speaker 16: we've had in the five months so far. 392 00:20:32,119 --> 00:20:34,360 Speaker 3: Yeah, I know, we've talked about some of the issues 393 00:20:34,400 --> 00:20:37,520 Speaker 3: that voters are thinking about as well. In these polls 394 00:20:37,520 --> 00:20:40,280 Speaker 3: that we've done over the past several months, we've seen 395 00:20:40,400 --> 00:20:42,840 Speaker 3: immigration sort of rise to the top. Is that still 396 00:20:42,880 --> 00:20:43,560 Speaker 3: the case now? 397 00:20:44,880 --> 00:20:48,280 Speaker 16: Yeah, well not, Immigration hasn't risen quite to the top yet. 398 00:20:48,320 --> 00:20:50,480 Speaker 16: The economy is still the number one issue. It goes 399 00:20:50,520 --> 00:20:54,000 Speaker 16: back to you know what James Carvill said during the 400 00:20:54,200 --> 00:20:57,879 Speaker 16: Bill Quinton's nineteen ninety two campaign. It's the economy, stupid. 401 00:20:57,880 --> 00:21:02,000 Speaker 16: It is still the economy. The economy slowly gets better, 402 00:21:02,240 --> 00:21:05,080 Speaker 16: and we're starting to see that. The percentage of Americans 403 00:21:05,080 --> 00:21:07,720 Speaker 16: who say the US economy is on the right track 404 00:21:08,160 --> 00:21:12,920 Speaker 16: has gone up since last October. And that's giving room 405 00:21:13,680 --> 00:21:16,520 Speaker 16: for voters to think about other issues, and the issue 406 00:21:16,520 --> 00:21:19,399 Speaker 16: that they're thinking about is the crisis at the southern border. 407 00:21:19,400 --> 00:21:22,399 Speaker 16: We have both Biden and Trump going to the border 408 00:21:22,480 --> 00:21:26,840 Speaker 16: today to two different spots, two urn sixty miles apart, 409 00:21:27,800 --> 00:21:32,240 Speaker 16: which just I think reinforces how salient of an issue 410 00:21:32,240 --> 00:21:34,560 Speaker 16: that both of these men know that that issue is, 411 00:21:34,600 --> 00:21:36,240 Speaker 16: and we're seeing it in our swing states. 412 00:21:36,280 --> 00:21:39,040 Speaker 3: Boone And as far as the horse race goes, just 413 00:21:39,040 --> 00:21:41,400 Speaker 3: to get down to the numbers, I think last month 414 00:21:41,440 --> 00:21:44,919 Speaker 3: we'd found that Trump was leading Biden in all seven 415 00:21:45,119 --> 00:21:48,200 Speaker 3: swing states that we pull. Has that changed in this 416 00:21:48,480 --> 00:21:49,119 Speaker 3: current tally? 417 00:21:50,280 --> 00:21:52,160 Speaker 16: That continues to be the case, And I'm just looking 418 00:21:52,200 --> 00:21:53,719 Speaker 16: at these numbers. I'll rat on one off to you. 419 00:21:54,080 --> 00:21:58,080 Speaker 16: Arizona Trump leads by six. Georgia also by six, Michigan 420 00:21:58,160 --> 00:22:03,240 Speaker 16: by two. That's always been a pretty good state for Biden, 421 00:22:03,280 --> 00:22:05,920 Speaker 16: but he's still losing it by two. Nevada Trump leads 422 00:22:05,960 --> 00:22:10,400 Speaker 16: by six, North Carolina Trump leads by nine. In Pennsylvania 423 00:22:10,480 --> 00:22:14,680 Speaker 16: he's up by six, and Wisconsin Trump is up by four, 424 00:22:15,000 --> 00:22:18,440 Speaker 16: And so that averages out to a five point lead 425 00:22:18,560 --> 00:22:21,600 Speaker 16: across those seven swing states. And as I say, that's 426 00:22:21,720 --> 00:22:25,120 Speaker 16: been pretty consistent there hasn't been a month where Joe 427 00:22:25,119 --> 00:22:28,920 Speaker 16: Biden has been able to really crack a lead in 428 00:22:28,960 --> 00:22:30,200 Speaker 16: any of those seven swing states. 429 00:22:31,160 --> 00:22:34,080 Speaker 2: This is Bloomberg day Break Today, your morning brief on 430 00:22:34,160 --> 00:22:37,800 Speaker 2: the story's making news from Wall Street to Washington and beyond. 431 00:22:37,960 --> 00:22:40,720 Speaker 1: Look for us on your podcast feed at six am 432 00:22:40,800 --> 00:22:44,480 Speaker 1: Eastern each morning, on Apple, Spotify, and anywhere else you 433 00:22:44,560 --> 00:22:45,720 Speaker 1: get your podcasts. 434 00:22:45,840 --> 00:22:48,520 Speaker 2: You can also listen live each morning starting at five 435 00:22:48,600 --> 00:22:51,240 Speaker 2: am Wall Street time, on Bloomberg eleven three to zero 436 00:22:51,240 --> 00:22:54,119 Speaker 2: in New York, Bloomberg ninety nine to one in Washington, 437 00:22:54,160 --> 00:22:57,040 Speaker 2: Bloomberg one oh six to one in Boston, and Bloomberg 438 00:22:57,119 --> 00:22:58,800 Speaker 2: ninety sixty in San Francisco. 439 00:22:59,160 --> 00:23:02,320 Speaker 1: Our flagship New York station is also available on your 440 00:23:02,400 --> 00:23:07,840 Speaker 1: Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. 441 00:23:07,840 --> 00:23:11,280 Speaker 2: Listen coast to coast on the Bloomberg Business app, SERRIUSXM, 442 00:23:11,400 --> 00:23:15,640 Speaker 2: the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager. 443 00:23:15,440 --> 00:23:16,600 Speaker 5: And I'm Karen Moscow. 444 00:23:16,800 --> 00:23:19,560 Speaker 1: Join us again tomorrow morning for all the news you 445 00:23:19,680 --> 00:23:22,879 Speaker 1: need to start your day right here on Bloomberg Daybreak