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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 in Washington, where President Donald Trump has

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Speaker 3: carried out an annual tradition. The President sat down for

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Speaker 3: a wide ranging interview ahead of the Super Bowl with

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Speaker 3: NBC News. The discussion covered an array of topics, including

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Speaker 3: the situation in Minneapolis after the deaths of two Americans

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Speaker 3: by federal agents. President Trump says immigration enforcement in the

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Speaker 3: city needs a softer touch.

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Speaker 4: Look, I'm not happy with the two incidents. It's not

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Speaker 4: you know, it's both of them, got one or the other.

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Speaker 4: He was not an angel and she was not an angel.

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Speaker 4: You know, you look at some tapes from back. But still,

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Speaker 4: I'm not happy with what happened there. Nobody could be happy.

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Speaker 4: And Ice wasn't happy either.

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Speaker 3: President Trump says he personally decided to pull seven hundred

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Speaker 3: agents from Minnesota yesterday. That's still he was about two

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Speaker 3: thousand federal agents in the Twin Cities area. A Quinnipiac

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Speaker 3: University poll shows sixty three percent of voters disapprove of

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Speaker 3: the way ICE's enforcing immigration laws, though seventy seven percent

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Speaker 3: of Republicans approve. Sixty one percent think the Trump administration

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Speaker 3: has not given an honest account of Alex Pretty's shooting Nathan.

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Speaker 2: President Trump also discussed geopolitics in the NBC News interview.

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Speaker 2: The President had a message for Iran Supreme leader ahead

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Speaker 2: of indirect talks with the country tomorrow.

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Speaker 4: I would say he should be very worried. Yeah, he

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Speaker 4: should be. As you know, they're negotiating with US.

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Speaker 2: And President Trump has threatened military action against Iran if

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Speaker 2: it does not reach a deal on its nuclear program.

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Speaker 2: The White House says both sides still plan to meet

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Speaker 2: in Oman tomorrow. President Trump also touched on his hour

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Speaker 2: long call yesterday with Chinese President Hijin Ping. He said

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Speaker 2: they covered a lot of topics and that it's important

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Speaker 2: that both leaders have a good relationship.

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Speaker 3: The ker in the Federal Reserve also came up in

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Speaker 3: President Trump's interview. NBC's Tom Lamas asked if infestrate policy

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Speaker 3: wait on the President's decisions sho replace Chair J Powell

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Speaker 3: with former Fed Governor Kevin Walsh.

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Speaker 4: I mean it became an he said, I want to

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Speaker 4: raise him. We should said that you wouldn't have gotten

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Speaker 4: a job he would not have gotten a job.

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Speaker 5: No.

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Speaker 3: President Trump says he believes the FED is an independent

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Speaker 3: body in theory, but he also says he's a smart

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Speaker 3: guy whose predictions on the economy should be considered well.

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Speaker 2: Sticking with politics here, Nathan Today, voters in northern New

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Speaker 2: Jersey was select nominees and a special Democratic congressional primary

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Speaker 2: to replace Governor Mikey Cheryl in the Republican led US House.

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Speaker 2: Bloomberkeleysa Matteo has more on the lineup of contenders.

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Speaker 6: It's quite the crowded list eleven candidates. To be exact

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Speaker 6: in the spotlight is labor activist on Alilia Meheya, who

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Speaker 6: has called for abolishing ice and taxing the rich in corporations.

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Speaker 6: She's landed endorsements from Bernie Sanders, Alexandria Ocasio Cortes, and

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Speaker 6: multiple unions, and uses the same social media firm that

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Speaker 6: helped New York City Mayor Zor Mumdani go viral on TikTok.

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Speaker 6: Among the higher profile contenders are former Congressman Tom Melanowski,

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Speaker 6: Essex County Commissioner Brendan Gill, endorsed by former Governor Phil Murphy,

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Speaker 6: and Tahisha Way, Murphy's former lieutenant governor. The winner will

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Speaker 6: face the only candidate in the Republican primary, Randolph Township

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Speaker 6: Mayor Joe Hathaway. On April sixteenth, Lisa Matteo Bloomberg.

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Speaker 3: Radio, all Right, Lisa, thank you now. The latest on

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Speaker 3: the missing mother of NBC Today's Show host Savannah Guthrie.

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Speaker 3: She sent a public message to her mother's kidnapper, saying

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Speaker 3: her family is ready to talk, but wants proof that

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Speaker 3: she's alive.

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Speaker 5: We live in a world where voices and images are

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Speaker 5: easily manipulated. We need to know without a doubt that

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Speaker 5: she's alive and that you have her.

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Speaker 3: Savannah Guthrie's eighty four year old mother, Nancy, was last

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Speaker 3: seen Saturday around nine forty five PM, when she was

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Speaker 3: dropped off at her home in Arizona by family.

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Speaker 2: After dinner, Nathan returned to the markets. Now there's been

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Speaker 2: a momentary pause to the global tech selloff. Nasdaq futures

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Speaker 2: are higher after the index erased its gains for the

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Speaker 2: year over the past two sessions. Traders are weighing whether

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Speaker 2: the flight from tech has been excessive amid concerns of

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Speaker 2: our disruption from artificial intelligence, lofty valuations and vast capital outlais.

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Speaker 2: This morning, shares of Alphabet are down more than two

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Speaker 2: and a half percent. The Google parirent did top quarterly

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Speaker 2: revenue estimates, but says capital spending on AI will be

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Speaker 2: significantly higher than anticipated. CEO Sundar Prashai says the money

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Speaker 2: will deliver a return on investment.

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Speaker 7: Revenue from AI solutions built by our partners increased nearly

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Speaker 7: three hundred percent year over year, and commitments from our

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Speaker 7: top fifteen software partners grew more than sixteen x year

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Speaker 7: over year.

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Speaker 2: In Alphabet, CEO Sundar Pashai says capital expenditure could come

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Speaker 2: close to one hundred eighty five billion dollars this year,

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Speaker 2: compared with the almost one hundred twenty billion analysts had expected.

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Speaker 3: Well stinking with company news, Karen, Shares of qualk, Harm

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Speaker 3: and ARM are both tumbling. In early trading, the semiconductor

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Speaker 3: company signaled a shortage of memory chips will crimp growth

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Speaker 3: in the electronics industry, and now shares of Qualcom are

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Speaker 3: down ten and a half percent. ARM is lower by

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Speaker 3: more than seven percent.

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Speaker 2: Nathan, The big tech earnings continue today, with Amazon reporting

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Speaker 2: after the bell, and we get a preview with Bloomberg's

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Speaker 2: Tom Busby.

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Speaker 8: Amazon dot Com is expected to show steady twenty one

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Speaker 8: percent revenue growth and its Amazon Web Services cloud computing

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Speaker 8: division amid heavy spending on artificial intelligence, hatspurs, bread and

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Speaker 8: butter e commerce unit. Analysts expect the company benefited from

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Speaker 8: resilient holiday spending despite a thirty five day long government

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Speaker 8: shutdown and a slump in consumer confidence. Bloomberg insensus calls

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Speaker 8: for revenue of two hundred and eleven point forty nine

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Speaker 8: billion dollars on earnings per share of a dollar ninety six.

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Speaker 8: Tom busby Bloomberg Radio.

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Speaker 3: All right, Tom, thank you. All is not calm in

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Speaker 3: markets this morning, outside of tech. Precious metals are in

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Speaker 3: focus once again. Let's get the very latest from Bloomberg's

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Speaker 3: John Tucker. John, good morning, Good.

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Speaker 9: Morning, Nathan. Yes, silver, Let's start there. That plummeted as

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Speaker 9: much as seventeen percent as the commodity is struggling to

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Speaker 9: find a floor following this historic route. It's nicknamed the

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Speaker 9: Devil's Medal for a reason, Nathan. Its price is volatile,

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Speaker 9: and it's led to financial ruin for more than one

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Speaker 9: speculator after a record breaking a rally that appeared to

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Speaker 9: run too far and too fast. The medal has retreated

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Speaker 9: by more than a third from its all time high

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Speaker 9: January twenty ninth. Gold has fallen below forty nine hundred

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Speaker 9: dollars an ounce. The precious metals swored last month in

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Speaker 9: a rally underpinned by speculative momentum, geopolitical upheaval, and concerns

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Speaker 9: about the Fed's independence. In New York, I'm John Tucker

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Speaker 9: Bloomberg Radio.

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Speaker 2: Time Now for a look at some of their stories

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Speaker 2: making news in New York and around the world. And

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Speaker 2: for that we're joined by Bloomberg's Michael Barr.

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Speaker 10: Michael, good Morning, Good morning Karen. Business leaders, labor groups,

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Speaker 10: and transit advocates are calling on the Trump administration to

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Speaker 10: restore funding to a sixteen billion dollar rail tunnel that

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Speaker 10: links New Jersey and Manhattan. The Gateway Development Commission has

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Speaker 10: warned that it must stop work on the tunnel by

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Speaker 10: tomorrow unless the US Department of Transportation immediately releases federal

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Speaker 10: funding tied to the project under the Hudson River. New York,

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Speaker 10: New Jersey and the Gateway Development Commission have sued the

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Speaker 10: Trump administration to restore funding The partial government shutdown is

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Speaker 10: now over, but the fight over a new round of

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Speaker 10: funding for the Department of Homeland Security is just getting started.

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Speaker 10: Lawmakers have under two weeks to reach a bipartisan decision.

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Speaker 10: Arizona Democratic Senator Reuben Guyago.

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Speaker 11: I'm not optimistic, not from what I've heard so far,

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Speaker 11: but from what I hear from the American public.

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Speaker 12: They think ICE has gone overboard.

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Speaker 10: Democrats are calling for judicial warrants before ICE would make arrests.

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Speaker 10: They're also calling for a ban on ICE agents wearing

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Speaker 10: face masks and make agents where by cameras. Alabama Republican

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Speaker 10: Senator Kate Britt, so.

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Speaker 11: We're putting the safety and security of the American people first.

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Speaker 11: What Republicans will not do is change the law. What

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Speaker 11: Publicans are not going to do is not enforce the law.

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Speaker 10: Senator Britt says, we got here because of rhetoric from

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Speaker 10: the left. Officials from the self driving vehicle industry appeared

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Speaker 10: before Congress responding to reports of Waymo vehicles not stopping

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Speaker 10: for school buses in Austin. Texas Safety chief Maurici Opinya

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Speaker 10: says they've already updated their safety software.

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Speaker 7: Safety is are top priority, especially safety of children and pedescans.

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Speaker 10: It comes just a few weeks after a Waymo vehicle

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Speaker 10: hit a child who'd suddenly entered the roadway in Santa Monica,

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Speaker 10: which has prompted a federal investigation. Officials from TESLA and

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Speaker 10: the Autonomous Vehicle Industry Association also testified Global News twenty

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Speaker 10: four hours a day and whenever you want it with

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Speaker 10: Bloomberg News Now Michael Barr and this is Bloomberg Karen.

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Speaker 2: Thanks Michael, time now for our Bloomberg Sports update, and

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Speaker 2: for that we bring in John stash Hour.

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Speaker 12: Thanks Darn Moore. NBA trades ahead of today's deadline. Chris

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Speaker 12: toms Porzingis goes from Atlanta to Golden State in exchange

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Speaker 12: for Joseph Kaminga who was unhappy with the Warriors, as

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Speaker 12: well as Buddy Heal. This means the Warriors are no

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Speaker 12: longer interested in acquiring Jannisntatocompo from Milwaukee. Anthony Davis goes

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Speaker 12: from Dallas to Washington part of an eight player trade.

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Speaker 12: In a hockey trade, the Rangers dealt free agent to

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Speaker 12: b R Timmy Peneran to the LA Kings in a

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Speaker 12: baseball free agent signing fran Burg Valdez with Detroit. That's

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Speaker 12: your Bloomberg Sports Update.

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Speaker 2: Stay with us. More from Bloomberg day Break coming up

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Speaker 2: after this.

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Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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

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Speaker 1: Bloomberg Business opp This is Bloomberg Daybreak.

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Speaker 10: Good morning.

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Speaker 3: I'm Nathan Hager, Minnesota, Iran the Fed. All of that

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Speaker 3: and more came up been President Donald Trump's wide ranging

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Speaker 3: interview with NBC News, portions of which aired last night,

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Speaker 3: ahead of the Super Bowl and months before a midterm election. Now,

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Speaker 3: the President says, when it comes to the deaths of

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Speaker 3: two Americans in Minneapolis.

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Speaker 4: I'm not happy with what happened there. Nobody could be happy,

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Speaker 4: and Ice wasn't happy either. But I'm going to always

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Speaker 4: be with our great people of law enforcement.

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Speaker 3: That was President Trump in the interview with NBC's Tom Lamas.

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Speaker 3: We're joined this morning by Terry Haynes, the founder of

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Speaker 3: Pangaea Policy and Terry, I'm just be curious to get

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Speaker 3: your thoughts on whether a Super Bowl interview returning to

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Speaker 3: this tradition for a president is something that resonates with voters,

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Speaker 3: particularly at this moment for the president.

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Speaker 13: Good morning, Hi, Good morning, Nathan. I don't think it

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Speaker 13: hurts him at route. And it is a good thing

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Speaker 13: that he's returning to this tradition, and it's a good

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Speaker 13: thing that he gave NBC a good deal of time

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Speaker 13: on this, and you know, people deserve to hear his

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Speaker 13: voice kind of cutting through the the cacophony on all

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Speaker 13: these subjects. So yeah, I do think it's a good thing.

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Speaker 3: And in terms of the President's comments about the situation

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Speaker 3: in Minneapolis, he says he made the personal decision to

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Speaker 3: pull the seven hundred federal agents yesterday, he says it

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Speaker 3: needs a softer touch. Now what is he doing in

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Speaker 3: terms of overcoming this political backlash that we are seeing

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Speaker 3: playing out in the polls.

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Speaker 13: Well, I think it's a good thing generally that the

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Speaker 13: President understands that the enforcement process up there was certainly

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Speaker 13: overreached and to put it mildly, and that he made

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Speaker 13: that decision. You know, it's just just as the bad

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Speaker 13: decisions ultimately come to roost to his detriment, the good

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Speaker 13: decisions help him. And you know, as I say, fundamentally,

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Speaker 13: it's a you know, I think that's a good thing

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Speaker 13: that they kind of ramp up the method of enforcement

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Speaker 13: going forward. On the prospects for ICE, DHS continued funding, though,

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Speaker 13: I think Congress has got in the White House have

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Speaker 13: a huge lift, because you've got the temptation on both

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Speaker 13: sides to overreach and include other things other than the

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Speaker 13: matter at hand how ICE does its job, And you've

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Speaker 13: got a potential goals mismatch where if Republicans seem to

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Speaker 13: be more united on figuring out exactly what kind of

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Speaker 13: guardrails I should have, you've got Democrats, I think, all

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Speaker 13: over the place here, some saying they'refore guardrails, Others want

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Speaker 13: to defund, others want to keep away from other issues

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Speaker 13: like sanctuary cities. So I think this is going to

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Speaker 13: be a difficult lift, And politically, Democrats run the risk

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Speaker 13: of turning something that they want to keep as an

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Speaker 13: advantage into looking like their immigration enforcement opponents or homeland

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Speaker 13: security enforcement opponents. So it's a delicate mix, and I

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Speaker 13: think people would be well on both sides would be

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Speaker 13: well advised to kind of keep to the subject of

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Speaker 13: how ICE does its job.

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Speaker 3: Just thirty seconds left, Terry, we also heard the President

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Speaker 3: say he wouldn't have picked Kevin Warsh's FED chair if

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Speaker 3: he wanted to raise interest rates? What's the message to

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Speaker 3: markets when it comes to FED independence.

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Speaker 13: The message on FED independence, I think doesn't come from

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Speaker 13: the President, which is kind of the usual stuff, comes

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Speaker 13: from the Senate. You've got not only Banking Committee member

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Speaker 13: till Is saying he's not going to confirm until the

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Speaker 13: Pale investigations dropped. But I think it was a very

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Speaker 13: big thing from Tim Scott, the Banking Committee Chairy yesterday,

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Speaker 13: basically giving the Trump people a fig leaf in order

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Speaker 13: to get out of this kind of get rid of

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Speaker 13: the Pale investigation. The signal there is not only is

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Speaker 13: Warsh very likely to be confirmed, but Trump should back

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Speaker 13: off trying to warp or destroy FED independence because that's

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Speaker 13: Conquerc's agent.

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