WEBVTT - Trump Orders Minneapolis Pullback; US-Iran Talks Set for Friday

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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.

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<v Speaker 3>Karen, we begin in Washington, where President Donald Trump has

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<v Speaker 3>carried out an annual tradition. The President sat down for

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<v Speaker 3>a wide ranging interview ahead of the Super Bowl with

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<v Speaker 3>NBC News. The discussion covered an array of topics, including

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<v Speaker 3>the situation in Minneapolis after the deaths of two Americans

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<v Speaker 3>by federal agents. President Trump says immigration enforcement in the

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<v Speaker 3>city needs a softer touch.

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

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

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<v Speaker 4>He was not an angel and she was not an angel.

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<v Speaker 4>You know, you look at some tapes from back. But still,

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<v Speaker 4>I'm not happy with what happened there. Nobody could be happy.

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<v Speaker 4>And Ice wasn't happy either.

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<v Speaker 3>President Trump says he personally decided to pull seven hundred

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<v Speaker 3>agents from Minnesota yesterday. That's still he was about two

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<v Speaker 3>thousand federal agents in the Twin Cities area. A Quinnipiac

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<v Speaker 3>University poll shows sixty three percent of voters disapprove of

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<v Speaker 3>the way ICE's enforcing immigration laws, though seventy seven percent

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<v Speaker 3>of Republicans approve. Sixty one percent think the Trump administration

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

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<v Speaker 2>President Trump also discussed geopolitics in the NBC News interview.

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<v Speaker 2>The President had a message for Iran Supreme leader ahead

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<v Speaker 2>of indirect talks with the country tomorrow.

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<v Speaker 4>I would say he should be very worried. Yeah, he

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<v Speaker 4>should be. As you know, they're negotiating with US.

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<v Speaker 2>And President Trump has threatened military action against Iran if

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<v Speaker 2>it does not reach a deal on its nuclear program.

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<v Speaker 2>The White House says both sides still plan to meet

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<v Speaker 2>in Oman tomorrow. President Trump also touched on his hour

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<v Speaker 2>long call yesterday with Chinese President Hijin Ping. He said

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<v Speaker 2>they covered a lot of topics and that it's important

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<v Speaker 2>that both leaders have a good relationship.

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<v Speaker 3>The ker in the Federal Reserve also came up in

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<v Speaker 3>President Trump's interview. NBC's Tom Lamas asked if infestrate policy

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<v Speaker 3>wait on the President's decisions sho replace Chair J Powell

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<v Speaker 3>with former Fed Governor Kevin Walsh.

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<v Speaker 4>I mean it became an he said, I want to

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<v Speaker 4>raise him. We should said that you wouldn't have gotten

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<v Speaker 4>a job he would not have gotten a job.

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<v Speaker 5>No.

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<v Speaker 3>President Trump says he believes the FED is an independent

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<v Speaker 3>body in theory, but he also says he's a smart

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<v Speaker 3>guy whose predictions on the economy should be considered well.

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<v Speaker 2>Sticking with politics here, Nathan Today, voters in northern New

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<v Speaker 2>Jersey was select nominees and a special Democratic congressional primary

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<v Speaker 2>to replace Governor Mikey Cheryl in the Republican led US House.

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<v Speaker 2>Bloomberkeleysa Matteo has more on the lineup of contenders.

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<v Speaker 6>It's quite the crowded list eleven candidates. To be exact

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<v Speaker 6>in the spotlight is labor activist on Alilia Meheya, who

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<v Speaker 6>has called for abolishing ice and taxing the rich in corporations.

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<v Speaker 6>She's landed endorsements from Bernie Sanders, Alexandria Ocasio Cortes, and

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<v Speaker 6>multiple unions, and uses the same social media firm that

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<v Speaker 6>helped New York City Mayor Zor Mumdani go viral on TikTok.

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<v Speaker 6>Among the higher profile contenders are former Congressman Tom Melanowski,

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<v Speaker 6>Essex County Commissioner Brendan Gill, endorsed by former Governor Phil Murphy,

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

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<v Speaker 6>face the only candidate in the Republican primary, Randolph Township

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<v Speaker 6>Mayor Joe Hathaway. On April sixteenth, Lisa Matteo Bloomberg.

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<v Speaker 3>Radio, all Right, Lisa, thank you now. The latest on

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<v Speaker 3>the missing mother of NBC Today's Show host Savannah Guthrie.

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<v Speaker 3>She sent a public message to her mother's kidnapper, saying

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<v Speaker 3>her family is ready to talk, but wants proof that

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<v Speaker 3>she's alive.

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<v Speaker 5>We live in a world where voices and images are

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<v Speaker 5>easily manipulated. We need to know without a doubt that

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<v Speaker 5>she's alive and that you have her.

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<v Speaker 3>Savannah Guthrie's eighty four year old mother, Nancy, was last

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<v Speaker 3>seen Saturday around nine forty five PM, when she was

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<v Speaker 3>dropped off at her home in Arizona by family.

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

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<v Speaker 2>a momentary pause to the global tech selloff. Nasdaq futures

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<v Speaker 2>are higher after the index erased its gains for the

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<v Speaker 2>year over the past two sessions. Traders are weighing whether

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<v Speaker 2>the flight from tech has been excessive amid concerns of

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<v Speaker 2>our disruption from artificial intelligence, lofty valuations and vast capital outlais.

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<v Speaker 2>This morning, shares of Alphabet are down more than two

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<v Speaker 2>and a half percent. The Google parirent did top quarterly

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<v Speaker 2>revenue estimates, but says capital spending on AI will be

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<v Speaker 2>significantly higher than anticipated. CEO Sundar Prashai says the money

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<v Speaker 2>will deliver a return on investment.

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<v Speaker 7>Revenue from AI solutions built by our partners increased nearly

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<v Speaker 7>three hundred percent year over year, and commitments from our

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<v Speaker 7>top fifteen software partners grew more than sixteen x year

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<v Speaker 7>over year.

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<v Speaker 2>In Alphabet, CEO Sundar Pashai says capital expenditure could come

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<v Speaker 2>close to one hundred eighty five billion dollars this year,

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<v Speaker 2>compared with the almost one hundred twenty billion analysts had expected.

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<v Speaker 3>Well stinking with company news, Karen, Shares of qualk, Harm

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<v Speaker 3>and ARM are both tumbling. In early trading, the semiconductor

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<v Speaker 3>company signaled a shortage of memory chips will crimp growth

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<v Speaker 3>in the electronics industry, and now shares of Qualcom are

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<v Speaker 3>down ten and a half percent. ARM is lower by

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<v Speaker 3>more than seven percent.

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<v Speaker 2>Nathan, The big tech earnings continue today, with Amazon reporting

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<v Speaker 2>after the bell, and we get a preview with Bloomberg's

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<v Speaker 2>Tom Busby.

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<v Speaker 8>Amazon dot Com is expected to show steady twenty one

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<v Speaker 8>percent revenue growth and its Amazon Web Services cloud computing

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<v Speaker 8>division amid heavy spending on artificial intelligence, hatspurs, bread and

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<v Speaker 8>butter e commerce unit. Analysts expect the company benefited from

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<v Speaker 8>resilient holiday spending despite a thirty five day long government

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<v Speaker 8>shutdown and a slump in consumer confidence. Bloomberg insensus calls

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<v Speaker 8>for revenue of two hundred and eleven point forty nine

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<v Speaker 8>billion dollars on earnings per share of a dollar ninety six.

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<v Speaker 8>Tom busby Bloomberg Radio.

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<v Speaker 3>All right, Tom, thank you. All is not calm in

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<v Speaker 3>markets this morning, outside of tech. Precious metals are in

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<v Speaker 3>focus once again. Let's get the very latest from Bloomberg's

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<v Speaker 3>John Tucker. John, good morning, Good.

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

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<v Speaker 9>much as seventeen percent as the commodity is struggling to

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<v Speaker 9>find a floor following this historic route. It's nicknamed the

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

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<v Speaker 9>and it's led to financial ruin for more than one

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<v Speaker 9>speculator after a record breaking a rally that appeared to

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<v Speaker 9>run too far and too fast. The medal has retreated

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<v Speaker 9>by more than a third from its all time high

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<v Speaker 9>January twenty ninth. Gold has fallen below forty nine hundred

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<v Speaker 9>dollars an ounce. The precious metals swored last month in

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<v Speaker 9>a rally underpinned by speculative momentum, geopolitical upheaval, and concerns

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

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<v Speaker 9>Bloomberg Radio.

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<v Speaker 2>Time Now for a look at some of their 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 Barr.

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<v Speaker 10>Michael, good Morning, Good morning Karen. Business leaders, labor groups,

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<v Speaker 10>and transit advocates are calling on the Trump administration to

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<v Speaker 10>restore funding to a sixteen billion dollar rail tunnel that

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<v Speaker 10>links New Jersey and Manhattan. The Gateway Development Commission has

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<v Speaker 10>warned that it must stop work on the tunnel by

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<v Speaker 10>tomorrow unless the US Department of Transportation immediately releases federal

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<v Speaker 10>funding tied to the project under the Hudson River. New York,

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<v Speaker 10>New Jersey and the Gateway Development Commission have sued the

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<v Speaker 10>Trump administration to restore funding The partial government shutdown is

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<v Speaker 10>now over, but the fight over a new round of

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<v Speaker 10>funding for the Department of Homeland Security is just getting started.

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<v Speaker 10>Lawmakers have under two weeks to reach a bipartisan decision.

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<v Speaker 10>Arizona Democratic Senator Reuben Guyago.

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<v Speaker 11>I'm not optimistic, not from what I've heard so far,

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<v Speaker 11>but from what I hear from the American public.

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<v Speaker 12>They think ICE has gone overboard.

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<v Speaker 10>Democrats are calling for judicial warrants before ICE would make arrests.

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<v Speaker 10>They're also calling for a ban on ICE agents wearing

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<v Speaker 10>face masks and make agents where by cameras. Alabama Republican

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<v Speaker 10>Senator Kate Britt, so.

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<v Speaker 11>We're putting the safety and security of the American people first.

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<v Speaker 11>What Republicans will not do is change the law. What

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<v Speaker 11>Publicans are not going to do is not enforce the law.

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<v Speaker 10>Senator Britt says, we got here because of rhetoric from

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<v Speaker 10>the left. Officials from the self driving vehicle industry appeared

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<v Speaker 10>before Congress responding to reports of Waymo vehicles not stopping

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<v Speaker 10>for school buses in Austin. Texas Safety chief Maurici Opinya

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<v Speaker 10>says they've already updated their safety software.

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<v Speaker 7>Safety is are top priority, especially safety of children and pedescans.

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<v Speaker 10>It comes just a few weeks after a Waymo vehicle

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

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<v Speaker 10>which has prompted a federal investigation. Officials from TESLA and

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<v Speaker 10>the Autonomous Vehicle Industry Association also testified Global News twenty

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<v Speaker 10>four hours a day and whenever you want it with

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<v Speaker 10>Bloomberg News Now Michael Barr and this is Bloomberg Karen.

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<v Speaker 2>Thanks Michael, time now for our Bloomberg Sports update, and

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<v Speaker 2>for that we bring in John stash Hour.

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<v Speaker 12>Thanks Darn Moore. NBA trades ahead of today's deadline. Chris

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<v Speaker 12>toms Porzingis goes from Atlanta to Golden State in exchange

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<v Speaker 12>for Joseph Kaminga who was unhappy with the Warriors, as

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<v Speaker 12>well as Buddy Heal. This means the Warriors are no

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<v Speaker 12>longer interested in acquiring Jannisntatocompo from Milwaukee. Anthony Davis goes

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<v Speaker 12>from Dallas to Washington part of an eight player trade.

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<v Speaker 12>In a hockey trade, the Rangers dealt free agent to

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<v Speaker 12>b R Timmy Peneran to the LA Kings in a

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<v Speaker 12>baseball free agent signing fran Burg Valdez with Detroit. That's

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<v Speaker 12>your Bloomberg Sports Update.

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<v Speaker 2>Stay with us. More from Bloomberg day Break coming up

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<v Speaker 2>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 opp This is Bloomberg Daybreak.

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<v Speaker 10>Good morning.

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

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<v Speaker 3>and more came up been President Donald Trump's wide ranging

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<v Speaker 3>interview with NBC News, portions of which aired last night,

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

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<v Speaker 3>the President says, when it comes to the deaths of

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<v Speaker 3>two Americans in Minneapolis.

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

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

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<v Speaker 4>be with our great people of law enforcement.

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

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<v Speaker 3>We're joined this morning by Terry Haynes, the founder of

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<v Speaker 3>Pangaea Policy and Terry, I'm just be curious to get

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<v Speaker 3>your thoughts on whether a Super Bowl interview returning to

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<v Speaker 3>this tradition for a president is something that resonates with voters,

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<v Speaker 3>particularly at this moment for the president.

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<v Speaker 13>Good morning, Hi, Good morning, Nathan. I don't think it

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<v Speaker 13>hurts him at route. And it is a good thing

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<v Speaker 13>that he's returning to this tradition, and it's a good

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<v Speaker 13>thing that he gave NBC a good deal of time

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<v Speaker 13>on this, and you know, people deserve to hear his

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<v Speaker 13>voice kind of cutting through the the cacophony on all

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

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<v Speaker 3>And in terms of the President's comments about the situation

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<v Speaker 3>in Minneapolis, he says he made the personal decision to

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<v Speaker 3>pull the seven hundred federal agents yesterday, he says it

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<v Speaker 3>needs a softer touch. Now what is he doing in

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<v Speaker 3>terms of overcoming this political backlash that we are seeing

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<v Speaker 3>playing out in the polls.

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<v Speaker 13>Well, I think it's a good thing generally that the

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<v Speaker 13>President understands that the enforcement process up there was certainly

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<v Speaker 13>overreached and to put it mildly, and that he made

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<v Speaker 13>that decision. You know, it's just just as the bad

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<v Speaker 13>decisions ultimately come to roost to his detriment, the good

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<v Speaker 13>decisions help him. And you know, as I say, fundamentally,

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<v Speaker 13>it's a you know, I think that's a good thing

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<v Speaker 13>that they kind of ramp up the method of enforcement

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<v Speaker 13>going forward. On the prospects for ICE, DHS continued funding, though,

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<v Speaker 13>I think Congress has got in the White House have

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<v Speaker 13>a huge lift, because you've got the temptation on both

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<v Speaker 13>sides to overreach and include other things other than the

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<v Speaker 13>matter at hand how ICE does its job, And you've

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<v Speaker 13>got a potential goals mismatch where if Republicans seem to

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<v Speaker 13>be more united on figuring out exactly what kind of

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<v Speaker 13>guardrails I should have, you've got Democrats, I think, all

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<v Speaker 13>over the place here, some saying they'refore guardrails, Others want

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<v Speaker 13>to defund, others want to keep away from other issues

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<v Speaker 13>like sanctuary cities. So I think this is going to

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<v Speaker 13>be a difficult lift, And politically, Democrats run the risk

0:12:49.320 --> 0:12:53.640
<v Speaker 13>of turning something that they want to keep as an

0:12:53.679 --> 0:12:59.520
<v Speaker 13>advantage into looking like their immigration enforcement opponents or homeland

0:12:59.520 --> 0:13:04.160
<v Speaker 13>security enforcement opponents. So it's a delicate mix, and I

0:13:04.200 --> 0:13:07.640
<v Speaker 13>think people would be well on both sides would be

0:13:07.679 --> 0:13:12.000
<v Speaker 13>well advised to kind of keep to the subject of

0:13:12.240 --> 0:13:13.440
<v Speaker 13>how ICE does its job.

0:13:13.720 --> 0:13:15.960
<v Speaker 3>Just thirty seconds left, Terry, we also heard the President

0:13:16.040 --> 0:13:18.360
<v Speaker 3>say he wouldn't have picked Kevin Warsh's FED chair if

0:13:18.400 --> 0:13:21.200
<v Speaker 3>he wanted to raise interest rates? What's the message to

0:13:21.240 --> 0:13:22.960
<v Speaker 3>markets when it comes to FED independence.

0:13:23.920 --> 0:13:27.280
<v Speaker 13>The message on FED independence, I think doesn't come from

0:13:27.320 --> 0:13:30.319
<v Speaker 13>the President, which is kind of the usual stuff, comes

0:13:30.320 --> 0:13:34.200
<v Speaker 13>from the Senate. You've got not only Banking Committee member

0:13:34.240 --> 0:13:36.320
<v Speaker 13>till Is saying he's not going to confirm until the

0:13:36.520 --> 0:13:38.760
<v Speaker 13>Pale investigations dropped. But I think it was a very

0:13:38.760 --> 0:13:42.520
<v Speaker 13>big thing from Tim Scott, the Banking Committee Chairy yesterday,

0:13:42.800 --> 0:13:47.040
<v Speaker 13>basically giving the Trump people a fig leaf in order

0:13:47.080 --> 0:13:48.960
<v Speaker 13>to get out of this kind of get rid of

0:13:48.960 --> 0:13:52.480
<v Speaker 13>the Pale investigation. The signal there is not only is

0:13:52.520 --> 0:13:55.280
<v Speaker 13>Warsh very likely to be confirmed, but Trump should back

0:13:55.320 --> 0:13:58.880
<v Speaker 13>off trying to warp or destroy FED independence because that's

0:13:58.920 --> 0:13:59.720
<v Speaker 13>Conquerc's agent.

0:14:01.280 --> 0:14:04.720
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