WEBVTT - Jeffrey Epstein Document Release; Trump Pleads with the Supreme Court; Iran Explosion

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<v Speaker 1>Good morning.

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<v Speaker 2>I'm Nathan Hager and I'm Karen Moscow. Here are the

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<v Speaker 2>stories we're following today.

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<v Speaker 1>We begin with previously confidential documents related to Jeffrey Epstein,

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<v Speaker 1>now made public in federal court in New York. This

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<v Speaker 1>follows a year's long battle over their release. The documents

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<v Speaker 1>were part of a twenty fifteen lawsuit against Epstein associate

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<v Speaker 1>Glene Maxwell, who's serving a twenty year sentence for sex trafficking.

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<v Speaker 1>Bloomberg editor Tony Aaron says, most of these documents have

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<v Speaker 1>been seen, but there'd been redactions.

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<v Speaker 3>A lot of people had thought there'd be some massive

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<v Speaker 3>client list or a nice list of names that would

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<v Speaker 3>be easy for them to follow.

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<v Speaker 4>It wasn't anything like that.

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<v Speaker 3>We've been getting about so far, about forty of what's

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<v Speaker 3>probably going to be hundreds of documents, and in those

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<v Speaker 3>we've seen names like Bill Clinton, Prince Andrew Britain, and

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<v Speaker 3>a few others that are all very very familiar.

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<v Speaker 1>And Bloomberg's Tony Aaron says former President Clinton Andrev denied

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<v Speaker 1>knowing about or participating in Epstein's appropriate conduct.

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<v Speaker 2>Well, Nathan. Ties to Epstein have led to career downfalls

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<v Speaker 2>for former Barclay CEO Jess Staley and Apollo Global Management

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<v Speaker 2>co founder Leon Black, and they've harnished reputations of other

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<v Speaker 2>high profile figures like Bill Gates and Leslie Wexner, though

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<v Speaker 2>all have denied knowing about or participating in an inappropriate

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<v Speaker 2>conduct with Epstein. Virginia Juphrey is the Epstein victim who

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<v Speaker 2>sued to have these documents released. Paul Pelletier is a

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<v Speaker 2>former federal prosecutor who's been following the case.

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<v Speaker 1>Part of the reason why Jeffrey Epstein was prosecuted in

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<v Speaker 1>New York, or at least was indicted in New York,

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<v Speaker 1>was because Virginia Giffrey would not stop.

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<v Speaker 2>And former federal prosecutor Paul Pelletier was speaking there. Jeffrey

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<v Speaker 2>Epstein was charged with sex trafficking in July twenty nineteen,

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<v Speaker 2>but died by suicide in a Manhattan prison cell before

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<v Speaker 2>he could stand trial.

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<v Speaker 1>Okay, Karen, Let's turn to politics in the US now.

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<v Speaker 1>Former President Donald Trump is now asking the Supreme Court

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<v Speaker 1>to overturn the ruling and Colorado that has kicked him

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<v Speaker 1>off that state's primary ballot. Bloomberg Legal editor Eric Latterson

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<v Speaker 1>says this appeal has a number of possible outcomes.

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<v Speaker 3>The court could rule, for example, that the Colorado Supreme

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<v Speaker 3>Court didn't give Trump to process. That's another argument that

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<v Speaker 3>Trump is making. He's also arguing Detection three of the

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<v Speaker 3>Fourteenth amend that which you borrow's insurrectionist from holding office

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<v Speaker 3>federal office, doesn't apply to the office of the presidency,

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<v Speaker 3>and the Supreme Court could overturn that Colorado decision based

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<v Speaker 3>only on those findings that they wished, without weighing in

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<v Speaker 3>on whether Trump was an insurrection.

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<v Speaker 1>In Bloomberg's Eric Larson says the former president faces many

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<v Speaker 1>ongoing legal cases, but he is still the front runner

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<v Speaker 1>for the Republican presidential nomination.

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<v Speaker 2>Now Nathan to an issue that's expected to weigh heavily

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<v Speaker 2>on voters' minds in the twenty twenty four presidential election.

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<v Speaker 2>Immigration at the southern border. Republican House Speaker Mike Johnson

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<v Speaker 2>is pushing for a GOP only border bill, Democrats argue

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<v Speaker 2>goes too far in securing the US border with Mexico.

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<v Speaker 2>Johnson led a GOP delegation into the border yesterday as

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<v Speaker 2>Republicans look to pressure Democrats on border policy changes. The

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<v Speaker 2>impassover immigration has complicated congressional talks to avert a partial

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<v Speaker 2>government shut down later this month, and puts more than

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<v Speaker 2>fifty billion dollars in military at Ukraine at risk should

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<v Speaker 2>talks collapse.

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<v Speaker 1>As for rising tensions in the Middle East, care and

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<v Speaker 1>authorities in Iran say two deadly explosions in a central

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<v Speaker 1>province our retaliation for its stance against Israel. The US

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<v Speaker 1>says it has nothing to do with the attacks. Bloomberg's

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<v Speaker 1>Ed Baxter has the details, and.

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<v Speaker 5>It says neither did Israel. Iran is characterizing them as

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<v Speaker 5>terror attacks. More than one hundred people killed. The blastnare

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<v Speaker 5>the grave of Iranian commander Solomane. US State Department quick

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<v Speaker 5>to respond, spokesman Matthew Miller, I do.

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<v Speaker 4>Want to address some of the irresponsible claims that I

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<v Speaker 4>have seen circulate and say that number one, the United

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<v Speaker 4>States was not involved in any way, and any suggestion

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<v Speaker 4>to the contrary is ridiculous, and number two, we have

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<v Speaker 4>no reason to believe that Israel was involved.

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<v Speaker 5>Miller says it's in no one's interest to see the

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<v Speaker 5>conflict escalate, and note it comes a day after an

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<v Speaker 5>attack in Beyrout that killed in Iran backed Hamas militant

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<v Speaker 5>leader Ed Baxter Bloomberg Radio.

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<v Speaker 2>All right, ed, thank you well. Separately, more than a

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<v Speaker 2>dozen countries we're in the around backed Houthi group in

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<v Speaker 2>Yemen against continuing their attacks on shipping in the Red Sea.

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<v Speaker 2>The attacks have disrupted global commerce and triggered a build

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<v Speaker 2>up of Western naval power in the area. Sources say

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<v Speaker 2>the US and its allies are considering possible strikes against

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<v Speaker 2>the Houthis. I'm a concern that the maritime task force

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<v Speaker 2>launched by Washington may not eliminate this threat to the

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<v Speaker 2>vital waterway, which normally handles about twelve percent of global commerce.

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<v Speaker 1>Let's turn out to the economy, Karen and the release

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<v Speaker 1>of the December FED minutes. Officials expect rates to remain

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<v Speaker 1>in restrictive territory for some time, but they acknowledge those

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<v Speaker 1>rates have probably peaked, and Richmond FED President Thomas Barkin

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<v Speaker 1>says a soft landing is not inevitable.

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<v Speaker 6>I'd caution you to focus less on the rate path

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<v Speaker 6>and more on the flight path. Is inflation continuing its

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<v Speaker 6>descent and is the broader economy continuing to fly smoothly?

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<v Speaker 6>Conviction on both questions will determine the pace and timing

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<v Speaker 6>of any change in rates.

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<v Speaker 1>Richmond Fed president Thomas bark And also did not rule

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<v Speaker 1>out a March interest rate cut.

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<v Speaker 2>And in corporate news, Nathan's social media giant TikTok's looking

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<v Speaker 2>to grow the size of its US e commerce business

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<v Speaker 2>tenfold to as much as seventeen point five billion dollars

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<v Speaker 2>this year. Bloombergy tech reporter Alex Spirinka says TikTok's ambitious

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<v Speaker 2>target may pose a bigger spread to Amazon.

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<v Speaker 7>Where TikTok is winning is on the fees they're imposing

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<v Speaker 7>on verchips.

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<v Speaker 2>They will be raising those fees.

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<v Speaker 7>To six percent in April eight percent in July, but

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<v Speaker 7>those fees are still lower than Amazon seller fees. On TikTok,

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<v Speaker 7>They're hoping that you're so engaged in trance and have

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<v Speaker 7>an emotional connection to the people who are posting these

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<v Speaker 7>videos that you trust them when they say they like

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<v Speaker 7>a product, and that makes you want.

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<v Speaker 8>To buy it.

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<v Speaker 2>And that's Bloomberg's Alex Spirenka. Now for a look at

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<v Speaker 2>some of the other stories making news around the world,

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<v Speaker 2>and for that we're joined by Bloomberg's Amy Morris. Samy.

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<v Speaker 2>Good morning, Good.

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<v Speaker 1>Morning, Karen.

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<v Speaker 8>We're watching a winter storm that's expected to bring snow, rain,

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<v Speaker 8>and wind to the East this weekend. Bloomberg meteorologist Rob

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<v Speaker 8>Carolyn has details.

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<v Speaker 9>First significant storm of the season looks like it's headed

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<v Speaker 9>towards the Northeast and mid Atlantic this weekend. Now, the

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<v Speaker 9>major cities are probably going to be spared heavy snowfall

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<v Speaker 9>due to the fact the ocean's still warm, and there'll

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<v Speaker 9>probably be some mixing with rain and d C Baltimore,

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<v Speaker 9>also in the New York and Boston area, but north

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<v Speaker 9>and west of I ninety five, that's where heavier snowfall

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<v Speaker 9>is likely and less mixing or no mixing at all,

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<v Speaker 9>and that's going to result in probably a three to

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<v Speaker 9>six inch snowfall, if not more, north and west of Boston,

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<v Speaker 9>New York City, and d C and Baltimore. The cities,

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<v Speaker 9>though d C, Baltimore, New York, and Boston should only

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<v Speaker 9>end up with about one to three inches as it

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<v Speaker 9>looks like right now.

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<v Speaker 10>Now.

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<v Speaker 8>If this does materialize, it would be the first measurable

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<v Speaker 8>snow in two years for DC, Baltimore, Philadelphia, and New York.

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<v Speaker 8>A bomb thread email to officials several states yesterday briefly

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<v Speaker 8>disrupted government affairs and prompted some state capital evacuations, but

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<v Speaker 8>the FBI quickly dismissed the threats as a hoax. Connecticut, Georgia, Hawaii, Kentucky, Maine, Michigan, Minnesota, Mississippi,

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<v Speaker 8>and Montana all the some of the states that evacuated

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<v Speaker 8>state houses or buildings. Kay Kirkpatrick is a state senator

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<v Speaker 8>in Georgia.

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<v Speaker 5>I'm not even sure what would motivate somebody to do

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<v Speaker 5>something like that that could potential result.

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<v Speaker 3>In loss of life.

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<v Speaker 8>The FBI says it takes hoax threats very seriously and

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<v Speaker 8>that investigation is ongoing. We told you how Donald Trump's

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<v Speaker 8>legal team is appealing to ruling by the main Democratic

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<v Speaker 8>secretary of State that he is ineligible to appear on

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<v Speaker 8>the state's GOP primary ballot. Will Fellow GOP presidential candidates

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<v Speaker 8>have called for that band to be reversed, including former

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<v Speaker 8>South Carolina Governor Nikki Haley, who says taking Trump off

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<v Speaker 8>the ballot will lead to more problems.

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<v Speaker 1>Don't open a door you can't close, and this is

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<v Speaker 1>a dangerous store to open, and we need the Supreme

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<v Speaker 1>Court to s been quickly before we have too many

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<v Speaker 1>states do this still.

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<v Speaker 8>Haley says she's not surprised to see Trump in a

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<v Speaker 8>new legal struggle. Scientists say they've developed a new kind

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<v Speaker 8>of antibiotic to treat dangerous bacteria resistant to most current medicines.

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<v Speaker 8>The researchers from Harvard University in Hoffman Laroach say the

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<v Speaker 8>new antibiotic can effectively kill bacteria that cause serious long

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<v Speaker 8>urinary tract and blood infections. Global news twenty four hours

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<v Speaker 8>a day and whenever you want it with Bloomberg News Now.

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<v Speaker 8>I'm Amy Morris, and this is Bloomberg Karen right, Amy,

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<v Speaker 8>Thank you well.

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<v Speaker 2>As Amy said, we do bring in the news throughout

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<v Speaker 2>the day here on Bloomberg Radio. But now you can

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<v Speaker 2>get the latest news on demand, and that means whenever

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<v Speaker 2>Get informed right on your schedule. You can listen and

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<v Speaker 2>subscribe to Bloomberg News Now on the Bloomberg Business app,

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<v Speaker 2>Bloomberg dot Com, plus apples, Spotify, and anywhere else you

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<v Speaker 2>get your podcasts. Time now for the Bloomberg Sports Update.

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<v Speaker 2>Here's John Stanshower.

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<v Speaker 11>John Canon, the Lakers have hoisted a Championship enner this season.

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<v Speaker 11>They won that NBA in season tournament, but overall they're

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<v Speaker 11>under five hundred. Lost at home to Miami one ten

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<v Speaker 11>to ninety six. Quiet night for Lebron James only twelve points.

0:09:18.440 --> 0:09:21.079
<v Speaker 11>He shot six of eighteen. The Lakers have lost three

0:09:21.080 --> 0:09:23.600
<v Speaker 11>in a row eight of their last ten. The Clippers, meanwhile,

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<v Speaker 11>have won thirteen their last fifteen point thirty one one

0:09:26.679 --> 0:09:29.560
<v Speaker 11>twenty two at Phoenix, Paul George scored thirty three points

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<v Speaker 11>cow while Leonards scored thirty. Look at Gonson's went for

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<v Speaker 11>forty one. Dallas blew out Portland by twenty nine. New

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<v Speaker 11>Orleans won at Minnesota. That's the first two game losing

0:09:38.480 --> 0:09:41.360
<v Speaker 11>streak of the season for the Timberwolves. Two top twenty

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<v Speaker 11>five teams played. They both lost. Number twenty three Providence

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<v Speaker 11>beaten by Seaton Hall, sixteenths Bank Clemson lost at Miami.

0:09:48.200 --> 0:09:50.720
<v Speaker 11>It's week eighteen. A lot of the teams, already knowing

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<v Speaker 11>that they're going to the playoffs, cannot move up in

0:09:52.640 --> 0:09:55.640
<v Speaker 11>the seedings, so not surprisingly will not play their starting

0:09:55.679 --> 0:09:58.559
<v Speaker 11>quarterback this weekend. No Lamar Jackson for the Ravens will

0:09:58.559 --> 0:10:01.439
<v Speaker 11>be replaced by Tyler Hunley. Joe Flacco will sit out

0:10:01.480 --> 0:10:04.120
<v Speaker 11>for the Browns. It will be Jeff Driscoll no Patrick

0:10:04.120 --> 0:10:07.920
<v Speaker 11>Mahomes with a Chiefs Blaine Gabbertt replaces him. Carson Wentz

0:10:08.000 --> 0:10:10.440
<v Speaker 11>fills in for Matthew Stafford on the Rams, and the

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<v Speaker 11>forty nine Ers will go with Sam Darnold and sit

0:10:12.760 --> 0:10:15.000
<v Speaker 11>out Rock part Perty who's going to the Pro Bowl.

0:10:15.040 --> 0:10:16.959
<v Speaker 11>The forty nine Ers lead the way with nine Pro

0:10:17.040 --> 0:10:20.640
<v Speaker 11>Bowl players, seven from the Cowboys and Ravens, six from

0:10:20.679 --> 0:10:24.480
<v Speaker 11>the Dolphins and the Eagles. Trevor Lawrence will play for Jacksonville.

0:10:24.520 --> 0:10:27.320
<v Speaker 11>The Jaguars, with a win will win the AFC South.

0:10:27.360 --> 0:10:30.440
<v Speaker 11>He missed last week's game and Josh Allen's got the stinger,

0:10:30.480 --> 0:10:32.040
<v Speaker 11>but he will play for the Bills in a big

0:10:32.080 --> 0:10:35.480
<v Speaker 11>game at Miami. John Stashley that we're Bloomberg Sports.

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<v Speaker 12>From coast to coast, from New York to San Francisco,

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<v Speaker 12>Boston to Washington, DC, nationwide on Sirius Exam, the Bloomberg

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<v Speaker 12>Business app in Bloomberg dot Com. This is Bloomberg Daybreak.

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<v Speaker 1>Good morning, I'm Nathan Hager on a morning of busy

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<v Speaker 1>news flow. Jeffrey Epstein's ties to politics and Wall Street

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<v Speaker 1>are back in the spotlight with the release of dozens

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<v Speaker 1>of formerly sealed documents. Donald Trump is taking his fight

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<v Speaker 1>to stay eligible to run in twenty twenty four to

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<v Speaker 1>the US Supreme Court, and border politics could run up

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<v Speaker 1>against Congress's effort to keep the government from starting to

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<v Speaker 1>shut down in a little more than two weeks. Lots

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<v Speaker 1>to discuss this morning, and here to do that with

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<v Speaker 1>us now is Bloomberg News correspondent Bruce Einhorn. Bruce, thanks

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<v Speaker 1>for being with us. Let's start off with the revelations,

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<v Speaker 1>if any, that we got from these documents that were

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<v Speaker 1>in the Jeffrey Epstein case that had really been a

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<v Speaker 1>year's long effort to get them out. Did they shed

0:11:34.760 --> 0:11:38.880
<v Speaker 1>any new light on Jeffrey Epstein's crimes.

0:11:39.080 --> 0:11:43.480
<v Speaker 10>Well, so far there aren't too many surprises. So these

0:11:43.520 --> 0:11:45.440
<v Speaker 10>are the first of what are expected to be hundreds

0:11:45.440 --> 0:11:49.880
<v Speaker 10>of documents identifying more than one hundred and fifty people.

0:11:50.679 --> 0:11:55.760
<v Speaker 10>These are documents that had been filed and redacted as

0:11:55.880 --> 0:12:00.520
<v Speaker 10>part of a twenty fifteen lawsuit against just Laying Ma Well. She,

0:12:00.679 --> 0:12:04.280
<v Speaker 10>of course, was an associate of Jeffrey Epstein. She was

0:12:04.320 --> 0:12:09.120
<v Speaker 10>convicted in twenty twenty one of participating in his crimes.

0:12:09.440 --> 0:12:13.240
<v Speaker 10>He himself died in prison before he ever went to trial.

0:12:14.400 --> 0:12:18.040
<v Speaker 10>So some of the names that were in the unsealed

0:12:18.080 --> 0:12:23.959
<v Speaker 10>documents included former President Bill Clinton, Prince Andrew Written. These

0:12:23.960 --> 0:12:30.160
<v Speaker 10>are names that had already been out there. Former President

0:12:30.160 --> 0:12:34.679
<v Speaker 10>Trump not mentioned in these documents, but had been identified

0:12:35.679 --> 0:12:39.960
<v Speaker 10>in testimony in this case, along with former President Clinton

0:12:40.679 --> 0:12:44.000
<v Speaker 10>as some of the people who had flown on Jeffrey

0:12:44.000 --> 0:12:51.400
<v Speaker 10>Epstein's plane. So there's maybe more news, more revelations as

0:12:51.559 --> 0:12:55.920
<v Speaker 10>more of the documents are unsealed, but for now, no

0:12:56.000 --> 0:12:56.760
<v Speaker 10>big surprises.

0:12:57.000 --> 0:12:59.079
<v Speaker 1>Yeah, a lot of people have been following this case.

0:12:59.120 --> 0:13:02.679
<v Speaker 1>Bruce had been expecting or speculating at least that there

0:13:02.720 --> 0:13:05.720
<v Speaker 1>might be some kind of client list that's been under

0:13:05.760 --> 0:13:07.959
<v Speaker 1>seal in New York Federal Court. Do we have any

0:13:08.000 --> 0:13:11.000
<v Speaker 1>indication at this point that such a list exists and

0:13:11.160 --> 0:13:13.040
<v Speaker 1>could be unveiled at some point.

0:13:15.800 --> 0:13:20.720
<v Speaker 10>It's possible. At the moment, we don't know about a

0:13:20.720 --> 0:13:21.240
<v Speaker 10>client list.

0:13:21.280 --> 0:13:25.199
<v Speaker 1>No, Okay, let's turn to what might have been the

0:13:25.240 --> 0:13:30.840
<v Speaker 1>other major story otherwise, former President Trump taking his fight

0:13:30.960 --> 0:13:33.840
<v Speaker 1>to stay on the ballot at least in Colorado to

0:13:33.880 --> 0:13:36.480
<v Speaker 1>the United States Supreme Court. This is a notable moment

0:13:36.679 --> 0:13:39.200
<v Speaker 1>in the twenty twenty four rays.

0:13:39.480 --> 0:13:44.760
<v Speaker 10>Yes, and the arguments that former President Trump makes are interesting.

0:13:44.840 --> 0:13:48.160
<v Speaker 10>He has a couple of different arguments that he makes

0:13:48.240 --> 0:13:51.760
<v Speaker 10>on why the Colorado Supreme Court aired. First of all,

0:13:52.040 --> 0:13:57.960
<v Speaker 10>he said that one that it would move would unconstitutionally

0:13:57.960 --> 0:14:02.719
<v Speaker 10>disenfranchised voters in Colorado and potentially disenfranchised voters elsewhere. He

0:14:02.880 --> 0:14:06.280
<v Speaker 10>said that his lawyers say that in the filing that

0:14:06.280 --> 0:14:12.360
<v Speaker 10>that insurrection UH was understood by the framers of the

0:14:12.400 --> 0:14:15.720
<v Speaker 10>Fourteenth Amendment to mean something very specific. According to form

0:14:15.800 --> 0:14:19.400
<v Speaker 10>President Trump s luers, it meant taking up arms and

0:14:19.440 --> 0:14:22.280
<v Speaker 10>waging war against the United States, and that's the way

0:14:22.360 --> 0:14:26.680
<v Speaker 10>that the fourteenth Amendment should be read now, and therefore

0:14:27.680 --> 0:14:30.960
<v Speaker 10>it doesn't apply to him. This is his argument. He

0:14:31.040 --> 0:14:35.480
<v Speaker 10>also argued that the fourteenth Amendment, which says very specifically

0:14:35.560 --> 0:14:38.560
<v Speaker 10>that this that an officer of the United States who

0:14:39.360 --> 0:14:42.960
<v Speaker 10>UH engaged in an insurrection is ineligible, that that does

0:14:43.000 --> 0:14:47.320
<v Speaker 10>not include President of the United States and therefore again

0:14:48.200 --> 0:14:53.320
<v Speaker 10>shouldn't apply to him. And then he also UH criticized

0:14:53.360 --> 0:14:57.720
<v Speaker 10>the Supreme the Colorado Supreme Court for relying on evidence

0:14:58.400 --> 0:15:03.320
<v Speaker 10>from the January fourth Select Committee. He said that that's

0:15:03.480 --> 0:15:07.280
<v Speaker 10>inadmissible and then also said that the insurrection clause in

0:15:07.320 --> 0:15:11.440
<v Speaker 10>the fourteenth Amendment isn't self executing. This is an argument

0:15:11.480 --> 0:15:16.520
<v Speaker 10>that constitutional experts have been having about whether or not

0:15:16.800 --> 0:15:19.600
<v Speaker 10>it is self executing. That is to say that does

0:15:19.720 --> 0:15:22.960
<v Speaker 10>Congress need to do anything set up procedures for determining

0:15:23.000 --> 0:15:26.360
<v Speaker 10>whether someone's violated, or can the court just make that

0:15:26.400 --> 0:15:29.560
<v Speaker 10>decision itself. These are all the arguments that Trump's making,

0:15:29.720 --> 0:15:33.600
<v Speaker 10>and you know next step is for to hear with

0:15:33.600 --> 0:15:34.720
<v Speaker 10>the Supreme Court system.

0:15:37.520 --> 0:15:40.440
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