Speaker 1: Good morning.
Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 2: stories we're following today.
Speaker 1: We begin with previously confidential documents related to Jeffrey Epstein,
Speaker 1: now made public in federal court in New York. This
Speaker 1: follows a year's long battle over their release. The documents
Speaker 1: were part of a twenty fifteen lawsuit against Epstein associate
Speaker 1: Glene Maxwell, who's serving a twenty year sentence for sex trafficking.
Speaker 1: Bloomberg editor Tony Aaron says, most of these documents have
Speaker 1: been seen, but there'd been redactions.
Speaker 3: A lot of people had thought there'd be some massive
Speaker 3: client list or a nice list of names that would
Speaker 3: be easy for them to follow.
Speaker 4: It wasn't anything like that.
Speaker 3: We've been getting about so far, about forty of what's
Speaker 3: probably going to be hundreds of documents, and in those
Speaker 3: we've seen names like Bill Clinton, Prince Andrew Britain, and
Speaker 3: a few others that are all very very familiar.
Speaker 1: And Bloomberg's Tony Aaron says former President Clinton Andrev denied
Speaker 1: knowing about or participating in Epstein's appropriate conduct.
Speaker 2: Well, Nathan. Ties to Epstein have led to career downfalls
Speaker 2: for former Barclay CEO Jess Staley and Apollo Global Management
Speaker 2: co founder Leon Black, and they've harnished reputations of other
Speaker 2: high profile figures like Bill Gates and Leslie Wexner, though
Speaker 2: all have denied knowing about or participating in an inappropriate
Speaker 2: conduct with Epstein. Virginia Juphrey is the Epstein victim who
Speaker 2: sued to have these documents released. Paul Pelletier is a
Speaker 2: former federal prosecutor who's been following the case.
Speaker 1: Part of the reason why Jeffrey Epstein was prosecuted in
Speaker 1: New York, or at least was indicted in New York,
Speaker 1: was because Virginia Giffrey would not stop.
Speaker 2: And former federal prosecutor Paul Pelletier was speaking there. Jeffrey
Speaker 2: Epstein was charged with sex trafficking in July twenty nineteen,
Speaker 2: but died by suicide in a Manhattan prison cell before
Speaker 2: he could stand trial.
Speaker 1: Okay, Karen, Let's turn to politics in the US now.
Speaker 1: Former President Donald Trump is now asking the Supreme Court
Speaker 1: to overturn the ruling and Colorado that has kicked him
Speaker 1: off that state's primary ballot. Bloomberg Legal editor Eric Latterson
Speaker 1: says this appeal has a number of possible outcomes.
Speaker 3: The court could rule, for example, that the Colorado Supreme
Speaker 3: Court didn't give Trump to process. That's another argument that
Speaker 3: Trump is making. He's also arguing Detection three of the
Speaker 3: Fourteenth amend that which you borrow's insurrectionist from holding office
Speaker 3: federal office, doesn't apply to the office of the presidency,
Speaker 3: and the Supreme Court could overturn that Colorado decision based
Speaker 3: only on those findings that they wished, without weighing in
Speaker 3: on whether Trump was an insurrection.
Speaker 1: In Bloomberg's Eric Larson says the former president faces many
Speaker 1: ongoing legal cases, but he is still the front runner
Speaker 1: for the Republican presidential nomination.
Speaker 2: Now Nathan to an issue that's expected to weigh heavily
Speaker 2: on voters' minds in the twenty twenty four presidential election.
Speaker 2: Immigration at the southern border. Republican House Speaker Mike Johnson
Speaker 2: is pushing for a GOP only border bill, Democrats argue
Speaker 2: goes too far in securing the US border with Mexico.
Speaker 2: Johnson led a GOP delegation into the border yesterday as
Speaker 2: Republicans look to pressure Democrats on border policy changes. The
Speaker 2: impassover immigration has complicated congressional talks to avert a partial
Speaker 2: government shut down later this month, and puts more than
Speaker 2: fifty billion dollars in military at Ukraine at risk should
Speaker 2: talks collapse.
Speaker 1: As for rising tensions in the Middle East, care and
Speaker 1: authorities in Iran say two deadly explosions in a central
Speaker 1: province our retaliation for its stance against Israel. The US
Speaker 1: says it has nothing to do with the attacks. Bloomberg's
Speaker 1: Ed Baxter has the details, and.
Speaker 5: It says neither did Israel. Iran is characterizing them as
Speaker 5: terror attacks. More than one hundred people killed. The blastnare
Speaker 5: the grave of Iranian commander Solomane. US State Department quick
Speaker 5: to respond, spokesman Matthew Miller, I do.
Speaker 4: Want to address some of the irresponsible claims that I
Speaker 4: have seen circulate and say that number one, the United
Speaker 4: States was not involved in any way, and any suggestion
Speaker 4: to the contrary is ridiculous, and number two, we have
Speaker 4: no reason to believe that Israel was involved.
Speaker 5: Miller says it's in no one's interest to see the
Speaker 5: conflict escalate, and note it comes a day after an
Speaker 5: attack in Beyrout that killed in Iran backed Hamas militant
Speaker 5: leader Ed Baxter Bloomberg Radio.
Speaker 2: All right, ed, thank you well. Separately, more than a
Speaker 2: dozen countries we're in the around backed Houthi group in
Speaker 2: Yemen against continuing their attacks on shipping in the Red Sea.
Speaker 2: The attacks have disrupted global commerce and triggered a build
Speaker 2: up of Western naval power in the area. Sources say
Speaker 2: the US and its allies are considering possible strikes against
Speaker 2: the Houthis. I'm a concern that the maritime task force
Speaker 2: launched by Washington may not eliminate this threat to the
Speaker 2: vital waterway, which normally handles about twelve percent of global commerce.
Speaker 1: Let's turn out to the economy, Karen and the release
Speaker 1: of the December FED minutes. Officials expect rates to remain
Speaker 1: in restrictive territory for some time, but they acknowledge those
Speaker 1: rates have probably peaked, and Richmond FED President Thomas Barkin
Speaker 1: says a soft landing is not inevitable.
Speaker 6: I'd caution you to focus less on the rate path
Speaker 6: and more on the flight path. Is inflation continuing its
Speaker 6: descent and is the broader economy continuing to fly smoothly?
Speaker 6: Conviction on both questions will determine the pace and timing
Speaker 6: of any change in rates.
Speaker 1: Richmond Fed president Thomas bark And also did not rule
Speaker 1: out a March interest rate cut.
Speaker 2: And in corporate news, Nathan's social media giant TikTok's looking
Speaker 2: to grow the size of its US e commerce business
Speaker 2: tenfold to as much as seventeen point five billion dollars
Speaker 2: this year. Bloombergy tech reporter Alex Spirinka says TikTok's ambitious
Speaker 2: target may pose a bigger spread to Amazon.
Speaker 7: Where TikTok is winning is on the fees they're imposing
Speaker 7: on verchips.
Speaker 2: They will be raising those fees.
Speaker 7: To six percent in April eight percent in July, but
Speaker 7: those fees are still lower than Amazon seller fees. On TikTok,
Speaker 7: They're hoping that you're so engaged in trance and have
Speaker 7: an emotional connection to the people who are posting these
Speaker 7: videos that you trust them when they say they like
Speaker 7: a product, and that makes you want.
Speaker 8: To buy it.
Speaker 2: And that's Bloomberg's Alex Spirenka. Now for a look at
Speaker 2: some of the other stories making news around the world,
Speaker 2: and for that we're joined by Bloomberg's Amy Morris. Samy.
Speaker 2: Good morning, Good.
Speaker 1: Morning, Karen.
Speaker 8: We're watching a winter storm that's expected to bring snow, rain,
Speaker 8: and wind to the East this weekend. Bloomberg meteorologist Rob
Speaker 8: Carolyn has details.
Speaker 9: First significant storm of the season looks like it's headed
Speaker 9: towards the Northeast and mid Atlantic this weekend. Now, the
Speaker 9: major cities are probably going to be spared heavy snowfall
Speaker 9: due to the fact the ocean's still warm, and there'll
Speaker 9: probably be some mixing with rain and d C Baltimore,
Speaker 9: also in the New York and Boston area, but north
Speaker 9: and west of I ninety five, that's where heavier snowfall
Speaker 9: is likely and less mixing or no mixing at all,
Speaker 9: and that's going to result in probably a three to
Speaker 9: six inch snowfall, if not more, north and west of Boston,
Speaker 9: New York City, and d C and Baltimore. The cities,
Speaker 9: though d C, Baltimore, New York, and Boston should only
Speaker 9: end up with about one to three inches as it
Speaker 9: looks like right now.
Speaker 10: Now.
Speaker 8: If this does materialize, it would be the first measurable
Speaker 8: snow in two years for DC, Baltimore, Philadelphia, and New York.
Speaker 8: A bomb thread email to officials several states yesterday briefly
Speaker 8: disrupted government affairs and prompted some state capital evacuations, but
Speaker 8: the FBI quickly dismissed the threats as a hoax. Connecticut, Georgia, Hawaii, Kentucky, Maine, Michigan, Minnesota, Mississippi,
Speaker 8: and Montana all the some of the states that evacuated
Speaker 8: state houses or buildings. Kay Kirkpatrick is a state senator
Speaker 8: in Georgia.
Speaker 5: I'm not even sure what would motivate somebody to do
Speaker 5: something like that that could potential result.
Speaker 3: In loss of life.
Speaker 8: The FBI says it takes hoax threats very seriously and
Speaker 8: that investigation is ongoing. We told you how Donald Trump's
Speaker 8: legal team is appealing to ruling by the main Democratic
Speaker 8: secretary of State that he is ineligible to appear on
Speaker 8: the state's GOP primary ballot. Will Fellow GOP presidential candidates
Speaker 8: have called for that band to be reversed, including former
Speaker 8: South Carolina Governor Nikki Haley, who says taking Trump off
Speaker 8: the ballot will lead to more problems.
Speaker 1: Don't open a door you can't close, and this is
Speaker 1: a dangerous store to open, and we need the Supreme
Speaker 1: Court to s been quickly before we have too many
Speaker 1: states do this still.
Speaker 8: Haley says she's not surprised to see Trump in a
Speaker 8: new legal struggle. Scientists say they've developed a new kind
Speaker 8: of antibiotic to treat dangerous bacteria resistant to most current medicines.
Speaker 8: The researchers from Harvard University in Hoffman Laroach say the
Speaker 8: new antibiotic can effectively kill bacteria that cause serious long
Speaker 8: urinary tract and blood infections. Global news twenty four hours
Speaker 8: a day and whenever you want it with Bloomberg News Now.
Speaker 8: I'm Amy Morris, and this is Bloomberg Karen right, Amy,
Speaker 8: Thank you well.
Speaker 2: As Amy said, we do bring in the news throughout
Speaker 2: the day here on Bloomberg Radio. But now you can
Speaker 2: get the latest news on demand, and that means whenever
Speaker 2: you want it. Just subscribed to Bloomberg News Now. You
Speaker 2: can get the latest headlines at the click of a button.
Speaker 2: Get informed right on your schedule. You can listen and
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Speaker 2: Bloomberg dot Com, plus apples, Spotify, and anywhere else you
Speaker 2: get your podcasts. Time now for the Bloomberg Sports Update.
Speaker 2: Here's John Stanshower.
Speaker 11: John Canon, the Lakers have hoisted a Championship enner this season.
Speaker 11: They won that NBA in season tournament, but overall they're
Speaker 11: under five hundred. Lost at home to Miami one ten
Speaker 11: to ninety six. Quiet night for Lebron James only twelve points.
Speaker 11: He shot six of eighteen. The Lakers have lost three
Speaker 11: in a row eight of their last ten. The Clippers, meanwhile,
Speaker 11: have won thirteen their last fifteen point thirty one one
Speaker 11: twenty two at Phoenix, Paul George scored thirty three points
Speaker 11: cow while Leonards scored thirty. Look at Gonson's went for
Speaker 11: forty one. Dallas blew out Portland by twenty nine. New
Speaker 11: Orleans won at Minnesota. That's the first two game losing
Speaker 11: streak of the season for the Timberwolves. Two top twenty
Speaker 11: five teams played. They both lost. Number twenty three Providence
Speaker 11: beaten by Seaton Hall, sixteenths Bank Clemson lost at Miami.
Speaker 11: It's week eighteen. A lot of the teams, already knowing
Speaker 11: that they're going to the playoffs, cannot move up in
Speaker 11: the seedings, so not surprisingly will not play their starting
Speaker 11: quarterback this weekend. No Lamar Jackson for the Ravens will
Speaker 11: be replaced by Tyler Hunley. Joe Flacco will sit out
Speaker 11: for the Browns. It will be Jeff Driscoll no Patrick
Speaker 11: Mahomes with a Chiefs Blaine Gabbertt replaces him. Carson Wentz
Speaker 11: fills in for Matthew Stafford on the Rams, and the
Speaker 11: forty nine Ers will go with Sam Darnold and sit
Speaker 11: out Rock part Perty who's going to the Pro Bowl.
Speaker 11: The forty nine Ers lead the way with nine Pro
Speaker 11: Bowl players, seven from the Cowboys and Ravens, six from
Speaker 11: the Dolphins and the Eagles. Trevor Lawrence will play for Jacksonville.
Speaker 11: The Jaguars, with a win will win the AFC South.
Speaker 11: He missed last week's game and Josh Allen's got the stinger,
Speaker 11: but he will play for the Bills in a big
Speaker 11: game at Miami. John Stashley that we're Bloomberg Sports.
Speaker 12: From coast to coast, from New York to San Francisco,
Speaker 12: Boston to Washington, DC, nationwide on Sirius Exam, the Bloomberg
Speaker 12: Business app in Bloomberg dot Com. This is Bloomberg Daybreak.
Speaker 1: Good morning, I'm Nathan Hager on a morning of busy
Speaker 1: news flow. Jeffrey Epstein's ties to politics and Wall Street
Speaker 1: are back in the spotlight with the release of dozens
Speaker 1: of formerly sealed documents. Donald Trump is taking his fight
Speaker 1: to stay eligible to run in twenty twenty four to
Speaker 1: the US Supreme Court, and border politics could run up
Speaker 1: against Congress's effort to keep the government from starting to
Speaker 1: shut down in a little more than two weeks. Lots
Speaker 1: to discuss this morning, and here to do that with
Speaker 1: us now is Bloomberg News correspondent Bruce Einhorn. Bruce, thanks
Speaker 1: for being with us. Let's start off with the revelations,
Speaker 1: if any, that we got from these documents that were
Speaker 1: in the Jeffrey Epstein case that had really been a
Speaker 1: year's long effort to get them out. Did they shed
Speaker 1: any new light on Jeffrey Epstein's crimes.
Speaker 10: Well, so far there aren't too many surprises. So these
Speaker 10: are the first of what are expected to be hundreds
Speaker 10: of documents identifying more than one hundred and fifty people.
Speaker 10: These are documents that had been filed and redacted as
Speaker 10: part of a twenty fifteen lawsuit against just Laying Ma Well. She,
Speaker 10: of course, was an associate of Jeffrey Epstein. She was
Speaker 10: convicted in twenty twenty one of participating in his crimes.
Speaker 10: He himself died in prison before he ever went to trial.
Speaker 10: So some of the names that were in the unsealed
Speaker 10: documents included former President Bill Clinton, Prince Andrew Written. These
Speaker 10: are names that had already been out there. Former President
Speaker 10: Trump not mentioned in these documents, but had been identified
Speaker 10: in testimony in this case, along with former President Clinton
Speaker 10: as some of the people who had flown on Jeffrey
Speaker 10: Epstein's plane. So there's maybe more news, more revelations as
Speaker 10: more of the documents are unsealed, but for now, no
Speaker 10: big surprises.
Speaker 1: Yeah, a lot of people have been following this case.
Speaker 1: Bruce had been expecting or speculating at least that there
Speaker 1: might be some kind of client list that's been under
Speaker 1: seal in New York Federal Court. Do we have any
Speaker 1: indication at this point that such a list exists and
Speaker 1: could be unveiled at some point.
Speaker 10: It's possible. At the moment, we don't know about a
Speaker 10: client list.
Speaker 1: No, Okay, let's turn to what might have been the
Speaker 1: other major story otherwise, former President Trump taking his fight
Speaker 1: to stay on the ballot at least in Colorado to
Speaker 1: the United States Supreme Court. This is a notable moment
Speaker 1: in the twenty twenty four rays.
Speaker 10: Yes, and the arguments that former President Trump makes are interesting.
Speaker 10: He has a couple of different arguments that he makes
Speaker 10: on why the Colorado Supreme Court aired. First of all,
Speaker 10: he said that one that it would move would unconstitutionally
Speaker 10: disenfranchised voters in Colorado and potentially disenfranchised voters elsewhere. He
Speaker 10: said that his lawyers say that in the filing that
Speaker 10: that insurrection UH was understood by the framers of the
Speaker 10: Fourteenth Amendment to mean something very specific. According to form
Speaker 10: President Trump s luers, it meant taking up arms and
Speaker 10: waging war against the United States, and that's the way
Speaker 10: that the fourteenth Amendment should be read now, and therefore
Speaker 10: it doesn't apply to him. This is his argument. He
Speaker 10: also argued that the fourteenth Amendment, which says very specifically
Speaker 10: that this that an officer of the United States who
Speaker 10: UH engaged in an insurrection is ineligible, that that does
Speaker 10: not include President of the United States and therefore again
Speaker 10: shouldn't apply to him. And then he also UH criticized
Speaker 10: the Supreme the Colorado Supreme Court for relying on evidence
Speaker 10: from the January fourth Select Committee. He said that that's
Speaker 10: inadmissible and then also said that the insurrection clause in
Speaker 10: the fourteenth Amendment isn't self executing. This is an argument
Speaker 10: that constitutional experts have been having about whether or not
Speaker 10: it is self executing. That is to say that does
Speaker 10: Congress need to do anything set up procedures for determining
Speaker 10: whether someone's violated, or can the court just make that
Speaker 10: decision itself. These are all the arguments that Trump's making,
Speaker 10: and you know next step is for to hear with
Speaker 10: the Supreme Court system.
Speaker 1: This is Bloomberg day Break Today, your morning brief on
Speaker 1: the stories making news from Wall Street to Washington and beyond.
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Speaker 1: Plus listen coast to coast on the Bloomberg Business app, SERRIUSXM,
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Speaker 2: And I'm Karen Moscow. Join us again tomorrow morning for
Speaker 2: all the news you need to start your day right
Speaker 2: here on Bloomberg Daybreak