Speaker 1: Lie from the Bloomberg Interactive Brooker Studios. This is Bloomberg
Speaker 1: day Break for Monday, February thirteen. Coming up today, the
Speaker 1: US military shoots down a fourth object in the skies
Speaker 1: in a little over a week. China accuses the US
Speaker 1: of illegally flying balloons more than ten times since the
Speaker 1: death toll approaches thirty five thousand in the earthquake in Turkey,
Speaker 1: and all Street braces for a key inflation report jury
Speaker 1: in New York City today considered the death sentence for
Speaker 1: at Islamic extremist. Plus will Manhattan see three pandemic in
Speaker 1: office work schedules. I'm Michael Blar, more ahead. I've done
Speaker 1: stas shower and sports than kids as city chiefs one
Speaker 1: super Bowl met me seven and Phoenix they beat Philadelphia
Speaker 1: thirty five. Patrick Mahomes named m v P. That's all
Speaker 1: straight ahead on Bloomberg day Break, The business news you
Speaker 1: need disturb your day, and just one fifteen minute podcast
Speaker 1: each pointing on Apples, Spotify, the Bloomberg Business Appen everywhere
Speaker 1: you get your podcasts. Good morning, I maybe Morris and
Speaker 1: I'm career in Moscow. If here are the stories we're
Speaker 1: following today. The US military has taken out of fourth
Speaker 1: object in the skies in eight days. The Pentagon hell
Speaker 1: the briefing last night during the Super Bowl to answer
Speaker 1: questions about what these objects are and where they're from.
Speaker 1: General Glenn Van Herk Is, commander of the North American
Speaker 1: Aerospace Defense Command. They're similar in size, similar in speeds
Speaker 1: that go with the wind on these objects that we've seen.
Speaker 1: As far as specific shapes, we've got to get our
Speaker 1: hands on those. Connecticut Representative Jim Hims tells NBC's Meet
Speaker 1: the Press, heard Sundays on Bloomberg Radio that the US
Speaker 1: is seeing more unidentified objects in our skies because we're
Speaker 1: looking for them. Most of our sensors and most of
Speaker 1: what we were looking for didn't look like balloons. Now,
Speaker 1: of course we're looking for them, so I think we're
Speaker 1: probably finding more stuff. Recovery efforts are underway for all
Speaker 1: four objects, including the suspected spy balloon at the bottom
Speaker 1: of the Atlantic Ocean. Well, I mean. The war of
Speaker 1: words continues this morning over the balloon controversy. China says
Speaker 1: the US has repeatedly flown balloons over its country. We
Speaker 1: gain more from Bloomberg's Derek Wallbang, China says US balloons
Speaker 1: trespassed over ten times since January, So now there's getting
Speaker 1: to be a bit of a tip for Tatton back
Speaker 1: and forth about who's doing what. All of this is
Speaker 1: sounding very much unlike that detent that we were hearing
Speaker 1: about out of the G twenty leaders meeting in Bali,
Speaker 1: where Season Ping and Joe Biden we're talking about and
Speaker 1: easing of ties and wanting to have senior officials meeting
Speaker 1: and things, and and this has really gotten in the
Speaker 1: way of that, and Bloombergs Derek Wallbang says. Media reports
Speaker 1: at Asia say China is preparing to take down an
Speaker 1: unidentified object found flying over its waters. And now we
Speaker 1: turn to the latest on those two massive earthquakes that
Speaker 1: struck Turkey and Syria last week. The death toll has
Speaker 1: climbed in near thirty five thousand people. That has criticism
Speaker 1: mounting on Turkey's government. Bloomberg simmendemic in reports from ms Dembul,
Speaker 1: survivors and opposition policies are saying that the government was
Speaker 1: just ill equipped and too slow in responding, especially on
Speaker 1: the first day, missing a critical window of saving more people.
Speaker 1: And there's all also huge complaints about shoddy construction Bloomberg
Speaker 1: Simon Demo cans as dozens of contractors are under investigation
Speaker 1: for shoddy construction following the earthquake. Three have been arrested. Well,
Speaker 1: I mean, much more ahead of these developing stories throughout
Speaker 1: the broadcast, but first we turn our attention to a
Speaker 1: Super Bowl classic that is an enveloped in controversy. This
Speaker 1: morning at Bloomberg, John Stashower joins US Live with the details. John,
Speaker 1: good morning, give me wanning care in the kN City.
Speaker 1: Chiefs went fifty years without winning or even playing in
Speaker 1: the Super Bowl. This was their third the last four years,
Speaker 1: and their second victory. This one, like the previous one,
Speaker 1: a come from behind. When Chiefs only had the ball
Speaker 1: for eight minutes of the first half, They trailed the
Speaker 1: Eagles by ten, but scored three second half touchdowns that
Speaker 1: go up by eight. Philadelphia then tied the game k
Speaker 1: C one and a light field goal, help by a
Speaker 1: questionable holding penalty again the Eagles. Patrick Mahomes named Super
Speaker 1: Bowl m v P. Much more coming up in sports,
Speaker 1: John stash Were Bloomberg Daybreak. All right, thank you, John,
Speaker 1: We're gonna have more last night's game coming up in
Speaker 1: our sports report, but first we turned to markets. Features
Speaker 1: are mixed following the worst week for stocks since December.
Speaker 1: Morgan Stanley strategist Mike Wilson says there's more selling ahead.
Speaker 1: Wilson sees the SMP five ending the year at thirty
Speaker 1: nine hundred, down nearly five percent from current levels. He
Speaker 1: says stocks will fall as earnings estimates come down, before
Speaker 1: rebounding in the second half well amy A catalyst for
Speaker 1: stocks this week could come tomorrow, with the release of
Speaker 1: a key inflation report. FED officials have been warning Wall
Speaker 1: Street not to get carried away about a quick drop
Speaker 1: and inflation, and Bloomberg Economics correspondent Michael McKee says tomorrow's
Speaker 1: report will luckily prove their point. The CPI report, out
Speaker 1: Tuesday morning, is forecast to show a big jump in
Speaker 1: headline inflation during the month, in part because of oil prices.
Speaker 1: Core expected to be unchanged, but both will be affected
Speaker 1: by a rewaiting of sectors within the cp I to
Speaker 1: better reflect what people are actually spending on. The annual
Speaker 1: inflation rate will go down, but to the FED, the
Speaker 1: most recent data matters the most. The other major data
Speaker 1: point for the week is Wednesday's release on retail sales
Speaker 1: for January. The forecast is for a big rebound after
Speaker 1: a December decline. Both numbers likely reinforcing the Fed's argument
Speaker 1: for more rate hikes. Ahead Michael McKey, Bloomberg Daybreak, Thanks,
Speaker 1: Mike Eltwear on Wall Street. The boss at Goldman Sachs
Speaker 1: says he should have slashed jobs sooner. Let's get those details.
Speaker 1: Live with Bloomberg. Steve Rappaport, Good morning, Steve, Good morning,
Speaker 1: Amy and Karen. David Solomon says he should have followed
Speaker 1: his gut when it comes to job cuts. In a
Speaker 1: private meeting with hundreds of Goldman's partners, Solomon lamented he
Speaker 1: was too slow in reducing the workforce as the environment
Speaker 1: was growing more complicated in the second quarter last year.
Speaker 1: That's according to a report in The Financial Times, Goldman
Speaker 1: Sacks slashed about thirty hundred jobs last month following a
Speaker 1: larger than expected spike in expenses and plumbing revenue and profit.
Speaker 1: Live in New York. I'm Steve Rappaport Bloomberg Daybreak. All right, Steve,
Speaker 1: thank you, and again, futures are little change this morning,
Speaker 1: at least SMP and down futures Nasdack futures are higher,
Speaker 1: up a quarter percent or thirty points. The decks in
Speaker 1: Germany's up a quarter percent to ten. Your treasury down
Speaker 1: one thirty second. You have three point seven three percent.
Speaker 1: They yield on the two year four point five three percent,
Speaker 1: and NIMEX screwed oil is down one and a third percent.
Speaker 1: Straight ahead, we have your latest local headlines, plus a
Speaker 1: check of sports, and this is Bloomberg. Hey degrees in
Speaker 1: New York, clouds give way to sunshine. Temperatures will stay
Speaker 1: mild for February. We're going up to fifty five today
Speaker 1: with clear skies tonight, down to thirty five, sunshine and
Speaker 1: breezy tomorrow, going up to fifty tom Now to look
Speaker 1: at some of the other stories making news in New
Speaker 1: York and around the world. For that, we're joined by
Speaker 1: Bloomberg's Michael bar Good morning, Michael, Good morning Amy. A
Speaker 1: jury today will begin considering whether an Islamic extremist should
Speaker 1: be sentenced to death for killing eight people on a
Speaker 1: New York City bike path. Say fulusip Off was convicted
Speaker 1: last month in the seventeen attack in which he mowed
Speaker 1: down bicyclists with a truck. The same jury that found
Speaker 1: ship Off guilty will now hear from additional witnesses in
Speaker 1: the trial's penalty phase. The Philippines has accused a Chinese
Speaker 1: Coastguard ship of hitting a Philippine Coastguard vessel with a
Speaker 1: military grade laser and temporarily blinding some of its crew
Speaker 1: in the disputed South China Sea. The Philippine officials says
Speaker 1: it's the first time China has used lasers and caused
Speaker 1: injury to Filipino personnel. Senate Majority Leader Chuck Schumer continued
Speaker 1: to call on How Speaker Kevin McCarthy to publicly present
Speaker 1: the Republican's budget proposal over the debt ceiling battle. Senator
Speaker 1: Schumer says if he's prepared to hold the country's financial
Speaker 1: future hostage by refusing to raise the debt ceiling, should
Speaker 1: be opened about what these Republican demands for the country's
Speaker 1: budget are. He wants to attach certain spending cuts to
Speaker 1: do this. Hey, where is your plan, Mr McCarthy, He
Speaker 1: says he wants cuts. We asked him which ones. He
Speaker 1: won't say any Meanwhile, Republican Representative James Kohmer says that
Speaker 1: Social Security and Medicare will not be among those cuts
Speaker 1: and slams Democratic leaders for claiming they would be. When
Speaker 1: you get to the point to where we are now,
Speaker 1: where we've got to make cuts, it's a lot tougher.
Speaker 1: We're not going to cut Social Security or Medicare. We've
Speaker 1: been very clear about that. It's it's very disappointing that
Speaker 1: the President and Chuck Schumer would continue to try to
Speaker 1: scare seniors. Representative Komer and Senator Schumer spoke on ABC
Speaker 1: S this week, which can be heard Sundays on Bloomberg.
Speaker 1: New York City is bustling with office workers again, but
Speaker 1: the end person work week has shrunk to Tuesday, Wednesday,
Speaker 1: and Thursday. New data on in person work and analyze
Speaker 1: by Bloomberg News shows Manhattan workers are spending at least
Speaker 1: two twelve twelve point four billion less a year due
Speaker 1: to about fewer days in the office. Global News twenty
Speaker 1: four hours a day, powered by more than journalists, analysts
Speaker 1: and over a hundred twenty countries. I'm Michael bar this
Speaker 1: is Bloomberg Gaming. All right, thank you, Michael Ton now
Speaker 1: for the sports report brought to you by Try State
Speaker 1: OUTI here's Jon stash Our Samy. Three years after Kansas
Speaker 1: Cy Chiefs won the Super Bowl by coming from behind
Speaker 1: the second half. They did it again in Phoenix. They
Speaker 1: trailed Philadelphia by senate a halftime Chiefs couldn't stop the Eagles,
Speaker 1: who held Casey the only eight minutes of first half
Speaker 1: possession time. But things changed second half. Patrick Mahomes engineered
Speaker 1: to seventy five yard ten drives. The second one ended
Speaker 1: and is scored by Cadarius Tony, who was the Giant's
Speaker 1: first round draft pick last year. They traded him to
Speaker 1: the Chiefs and Tony was hardly done there over in
Speaker 1: shorter punt and Tony will take it low at the
Speaker 1: thirty five. Now cuts back to the right. He's got
Speaker 1: a wall set. If you can get to the edge,
Speaker 1: they you need to pluck the putter. They do. Tony's
Speaker 1: at the forty, up the side line. At the thirty,
Speaker 1: he's at the twenty. Tony put the plot trying to
Speaker 1: stay in place down to the five yards. Fredy have
Speaker 1: to call Super Bowl record sixty five yard return set
Speaker 1: up another case He touchdown, put him up by eight.
Speaker 1: Eagles rallied to tie on Jail and Urtz is thir
Speaker 1: t d run of the game outside of Super Bowl record.
Speaker 1: He added the game tying two point conversion, but the
Speaker 1: Chiefs drove My Home shook off his ankle injury for
Speaker 1: a twenty six yard run. Eagles got called for a
Speaker 1: costly holding penalty. A k C field goal gave them
Speaker 1: the win thirty thirty five. My Home, three days after
Speaker 1: be named regular season m v P named Super Bowl
Speaker 1: m v P. Andy Reid beats his former team set
Speaker 1: after the game, he expects to be back coaching the
Speaker 1: Chiefs in three Who will be the Jets QB ESPN
Speaker 1: report of the Jets have reached out to the Packers
Speaker 1: inquiring about a trade for Aaron Rodgers and longtime Raiders
Speaker 1: QB Derek Cart could be a free agent as soon
Speaker 1: as today and he would be eligible to sign right away.
Speaker 1: John Stash Edward Bloomberg Sports live from coast to coast,
Speaker 1: from New York to San Francisco, Auston to Washington, d C.
Speaker 1: Nationwide on Sirius x Amp of Bloomberg Business app and
Speaker 1: Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm
Speaker 1: Abe Morris. In the past eight days, the US military
Speaker 1: has shot down four unidentified objects in North American airspace,
Speaker 1: and now China says US balloons are flying illegally or
Speaker 1: have been flying illegally in China's airspace at least ten
Speaker 1: times in the past year. Let's get more on all
Speaker 1: of this from Bloomberg News Managing editor Derek Wallbang in Singapore. Derek,
Speaker 1: it is a pleasure to talk to you. Thanks so
Speaker 1: much for taking the time with us. Oh, thank you
Speaker 1: so much for having me. Uh, let's just start right away.
Speaker 1: The response from China ten U S balloons at minimum
Speaker 1: in the past year. Tell us about that. That is
Speaker 1: what they said, Foreign Ministry spokesman and actually told reporters quote,
Speaker 1: it's nothing rare for U S balloons to illegally enter
Speaker 1: other countries airspace. Um added added that the US quote
Speaker 1: needs to reflect upon itself and change it's wrong practice. Uh.
Speaker 1: This is a sort of response about you know, you're
Speaker 1: you're mad, You're you're worse, you're doing it to um,
Speaker 1: you know sort of that that I guess one might
Speaker 1: say a playground style back and forth. Um. But it's
Speaker 1: really clear that the balloons or or whatever is going
Speaker 1: on is is limiting that day to between the US
Speaker 1: and China that you saw come out of the G
Speaker 1: twenty and Bali in November. There had been ideas about
Speaker 1: a warmer relationship. There had been uh talks about senior
Speaker 1: level visits from one country to another. A lot of
Speaker 1: that has been put on hold. And you're what you're
Speaker 1: hearing right now is rhetoric that is suggesting going exactly
Speaker 1: the opposite way, Uh from where where Joe Biden and
Speaker 1: Hi Jimping were. Uh, we're signaling how do they it
Speaker 1: passed this at this point? My question is whether the
Speaker 1: US has been shooting down these objects. If China starts
Speaker 1: shooting down these objects, does this escalate? Can it get worse? Well?
Speaker 1: I think one of the things that it highlights to
Speaker 1: me is I think I'd say two things here. One
Speaker 1: is it highlights how much of that detent was built
Speaker 1: on a sort of fragility, Right the U. S And
Speaker 1: China fundamental differences, Uh, those didn't necessarily ease And if
Speaker 1: it takes one weather balloon looking thing carrying whatever it
Speaker 1: was carrying, crossing over the United States to completely upend
Speaker 1: that what a fragile piece that had been built. A
Speaker 1: second thing is I think that there is a bigger
Speaker 1: awakening I guess I would say across the world to
Speaker 1: this sort of what may be surveillance. Right, you're talking
Speaker 1: about four items shot down over North America. You're talking
Speaker 1: about a possible balloon like item overt over Latin America. Uh.
Speaker 1: Taiwan said balloon style incursions are a regular thing. Uh.
Speaker 1: And then the UK says that that Chinese surveillance balloons
Speaker 1: may have been spying over Britain as well. So all
Speaker 1: across there, you're you're having this bigger awareness of what's
Speaker 1: going on. And additionally, I think I might I might
Speaker 1: note any is that the U s policy on this
Speaker 1: has moved rapidly, and I think a lot of the
Speaker 1: world's policy has moved rapidly from um a curiosity and
Speaker 1: wondering what should be done to just decisive action. We're
Speaker 1: just going to shoot this right down, because you remember
Speaker 1: that first one that went went over the US, right
Speaker 1: across quite a lot of territory, quite a lot of days,
Speaker 1: eventually gets taken out just off the coast of South Carolina.
Speaker 1: Numbers two, three, and four went down real fast. You know,
Speaker 1: I was gonna ask you about that very thing, because
Speaker 1: they seemed to be comfortable watching it and tracking it
Speaker 1: while it flew by, and once they got over you know,
Speaker 1: out into the Atlantic. They were able to take that
Speaker 1: first one down. But my question now then is is
Speaker 1: this getting traction because they're being tracked now? Are they
Speaker 1: tracking them more closely? There are these balloons of common
Speaker 1: practice that the rest of us are just now becoming
Speaker 1: aware of because of that balloon off the coast of
Speaker 1: South Carolina. Well, I think that's a great question. And
Speaker 1: the Defense Department told reporters the other day that they've
Speaker 1: been more closely scrutinizing airspace at the altitudes that these
Speaker 1: objects had been traversing, and including enhancing radar, which might
Speaker 1: explain partly the increase in object detected recently. So it
Speaker 1: may be in some way that you're finding more things
Speaker 1: because you're looking for them right, Um, there may be
Speaker 1: a certain additional awareness. I also think, I mean, surveillance
Speaker 1: between great powers is not new. There's by efforts that
Speaker 1: go on all the time. Nobody should be you know,
Speaker 1: there's no no fainting couches needed for any of that.
Speaker 1: But um, I think of this vehicular type of surveillance,
Speaker 1: I think there's been a large increase in awareness and
Speaker 1: also think that there's you know, as I mentioned that
Speaker 1: there's been a large increase in certainty about what to
Speaker 1: do about it when it comes, as well as uh,
Speaker 1: you know, reactions that this is perhaps, uh not something
Speaker 1: that people are willing to put up with. You see,
Speaker 1: you see threats of sanctions, You see other sorts of
Speaker 1: ties that get affected by this. So it's got a
Speaker 1: little bit of a if you'll forgive the horrible pun.
Speaker 1: These balloons get down, get shot down, and they make
Speaker 1: a much bigger splash than just the than just the
Speaker 1: question of whether or not you take them out. You're
Speaker 1: listening to Bloomberg Daybreak today, your morning grief on the
Speaker 1: stories making news from Wall Street to Washington and beyond.
Speaker 1: Look for us on your podcast feed at six am
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Speaker 1: Bloomberg Daybreak