Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: Good morning. I'm Lisa Matteo and I'm Karen Moscow. Here
Speaker 2: are the stories we're following today.
Speaker 3: Karen, we begin with geopolitics and President Trump's comments on
Speaker 3: a variety of global issues over the weekend. The President
Speaker 3: spoke about the war in Ukraine after indicating he was
Speaker 3: ready to ramp up sanctions on Russia without providing details.
Speaker 3: He spoke with porters at Joint Bass Andrews in Maryland.
Speaker 1: I settled seven wars. This, I would have said, would
Speaker 1: have been maybe the easiest one to settle them all.
Speaker 1: But with war, you never know what you're getting.
Speaker 2: But we're going to get it.
Speaker 1: I believe we're going to get it settled. But I
Speaker 1: am not happy with them.
Speaker 2: I'm not happy with anything having to do with that war.
Speaker 3: President Trump's comments come as a massive Russian air assault
Speaker 3: struck a key government building in Kiev, killing at least
Speaker 3: four people and injuring dozens and Lisa.
Speaker 2: US Treasury Secretary Scott Best and also commenting on secondary
Speaker 2: sanctions over the weekends, saying they could lead to an
Speaker 2: eventual deal if.
Speaker 4: The US and the EU can come in to more
Speaker 4: sanctioned secondary tariffs on the countries that by Russian oil,
Speaker 4: the Russian economy will be in full collapse and that
Speaker 4: will bring President Putin to the table.
Speaker 2: And US Treasury Secretary Scott Besson made those comments on
Speaker 2: NBC's Meet the Press, which you can hear Sundays on
Speaker 2: Bloomberg Radio.
Speaker 3: Meanwhile, the EU preparing new sanctions and secondary tariffs on
Speaker 3: oil and banks to further squeeze Russia's economy and pressure
Speaker 3: Vladimir Putin to negotiate an end to the war in Ukraine.
Speaker 3: The possible package comes as a delegation of EU officials
Speaker 3: head to Washington this week to discuss the potential for
Speaker 3: joint action.
Speaker 2: Wellly so. The President also commented on the Israel Gaza
Speaker 2: war in a post on social media. President Trump wrote
Speaker 2: that Hamas needs to accept his terms to end the fighting,
Speaker 2: writing this is my last warning. Last week, President Trump's
Speaker 2: envoy to the Atalie, Steve Whitcoff, sent a new proposal
Speaker 2: to Hamas for a hostage and ceasefire deal. The President
Speaker 2: talked about the prospects of a deal last night.
Speaker 1: It's a hell of a problem. What give again, It's
Speaker 1: a problem we want to solve for the Middle East,
Speaker 1: for Israel, for everybody. But it's it's a problem. We're
Speaker 1: going to get done.
Speaker 5: So they have hostages.
Speaker 1: It could be a little bit less than twenty because somebody,
Speaker 1: you know, they tend to die, right, they tend to die,
Speaker 1: even though the young people largely did die.
Speaker 2: President Trump's proposed deal would reportedly include the release of
Speaker 2: all remaining hostages in exchange for ending the war in Gaza.
Speaker 3: Turning now to Boston, Karen, where federal immigration agents conducted
Speaker 3: raids across the city and nearby communities, arresting dozens of people.
Speaker 3: The Justice Department filed suit against the city and its mayor,
Speaker 3: intensifying a clash over local sanctuary policies, with Attorney General
Speaker 3: Pam Bondi calling Boston among the worst sanctuary offenders in America.
Speaker 3: President Trump has all also threatened to send forces into
Speaker 3: Chicago to tackle crime.
Speaker 6: We're not going to war.
Speaker 1: We're going to clean up our cities.
Speaker 6: We're going to clean them up so they.
Speaker 4: Don't kill five people every weekend.
Speaker 1: That's not war, that's common sense.
Speaker 3: President Trump's borders are Tom Homan is further promising enforcement
Speaker 3: activities in Chicago and other sanctuary cities across the country.
Speaker 2: Hey Mo Liisa. In New York, Zo Run Mam Donnie,
Speaker 2: the front runner in the city's mayoral race, says the
Speaker 2: city should race itself for a deployment of National Guard troops.
Speaker 5: We have to prepare for the inevitability of that deployment.
Speaker 5: We cannot try and convince ourselves that because something is illegal,
Speaker 5: Donald Trump will not do it.
Speaker 2: In New York City mayor o front runner Zo Run
Speaker 2: Mam Donnie made the comments at a rally with Senator
Speaker 2: Bernie Sanders over the weekend. President Trump has so far
Speaker 2: deployed National Guard troops in Los Angeles and Washington, d C.
Speaker 3: And in Georgia. This week, in Karen, federal agents detained
Speaker 3: four hundred and seventy five people at Hyundai's manufacturing complex
Speaker 3: as part of a month's long investigation into employment practices.
Speaker 3: The majority were Korean nationals and people working unlawfully were
Speaker 3: turned over to Ice for removal proceedings. ANDNDAY said it
Speaker 3: was closely monitoring the situation, adding that production at its
Speaker 3: electric vehicle assembly plant nearby wasn't interrupted.
Speaker 2: Let's turn overseas now Lisa. In a major story in Paris,
Speaker 2: Francis government could collapse today, with Prime Minister Francois Bayrux
Speaker 2: expected to lose a confidence vote in Parliament. Bayrou called
Speaker 2: the vote in a bid to pressure lawmakers into backing
Speaker 2: his budget plan, which includes spending cuts and tax hikes. Earlier,
Speaker 2: Prime Minister Bayroux spoke on French television.
Speaker 5: We are experiencing a situation that threatens the very future
Speaker 5: of the country, and everyone is whistling as if it
Speaker 5: doesn't exist. Everyone is looking the other way. Everyone is
Speaker 5: using the answers we could have provided, have gained an
Speaker 5: electoral advantage.
Speaker 2: And Francois Bayroux speaking there through an interpreter. If the
Speaker 2: government coll collapses, President Emanuel mccron could name a new
Speaker 2: prime minister or call fresh elections for the National Assembly.
Speaker 3: Over in Asia, Karin Shigaru Eshaba has announced that he
Speaker 3: will step down as Japan's Prime minister. The move follows
Speaker 3: calls for his resignation after back to back election losses
Speaker 3: that cost his party its parliamentary majority. However, with no
Speaker 3: clear successor, his departure is likely to fuel uncertainty among investors.
Speaker 3: Japan's currency already slid against a dollar on concerns political
Speaker 3: instability will reduce the prospect of the Bank of Japan
Speaker 3: raising rates.
Speaker 2: When we turned to the latest on the FED now
Speaker 2: Lisa and who were replaced Jerome Powell as chair when
Speaker 2: his term expires in the spring, President Trump told reporters
Speaker 2: in the Oval Office that Kevin has said, Christopher Waller
Speaker 2: and Kevin worsh are the finalists to replace Powell. A
Speaker 2: Treasury Secretary, Scott Besson, who was a contender for the job,
Speaker 2: removed himself from consideration. Over the weekend, we heard from
Speaker 2: one of the finalists, Kevin Hassett, who talked about central
Speaker 2: bank independence.
Speaker 7: Monitary policy federis or monetary policy needs to be fully
Speaker 7: independent of political influence, including from President Trump. The fact
Speaker 7: is that we've looked at countries that have allowed the
Speaker 7: leaders to take over the central banks, and what tends
Speaker 7: to happen is that it's a recipe for inflation and
Speaker 7: misery for consumers.
Speaker 2: And Director of the National Economic Counsel Kevin Hassett made
Speaker 2: those comments on CBS has faced the nation. Meanwhile, Citadel
Speaker 2: founder and Republican donor Ken Griffin wrote in a Wall
Speaker 2: Street Journal op ed that it was Warren President Trump's
Speaker 2: best interest for the FED to be seen as independent
Speaker 2: and act accordingly.
Speaker 3: And in the energy space, Cameron Olpak plus has defied
Speaker 3: traders and is going ahead with another boost in oil production.
Speaker 3: Let's get more from Bloomberg's John Tucker and Lisa.
Speaker 8: This was an eleven minute meeting on Sunday. The oil
Speaker 8: cartel chose to start reviving a new layer of halted
Speaker 8: oil production more than a year early, rather than pausing
Speaker 8: as the traders that initially expected. This comes right after
Speaker 8: the group completed the surprise restoration of a previous round
Speaker 8: of halted output, and it's a pretty audacious move. It
Speaker 8: signals the alliance is firmly committed to reclaiming the share
Speaker 8: of the oil market that had lost in recent years
Speaker 8: to rivals like US shalf drillers. Could be a sign
Speaker 8: that longer term, OPAK is breaking with its historic mission
Speaker 8: of defending crude oil prices. If they can stand increased
Speaker 8: production at lower prices, they may be able to sink
Speaker 8: some of the competition. Initially, though, production is going to
Speaker 8: increase just one hundred and thirty seven thousand barrels a
Speaker 8: day in October. That's why crude prices are higher right now.
Speaker 8: And checking the price of brand the international benchmark that
Speaker 8: is up one point seven percent. You know you're in
Speaker 8: Come John Tucker, Bloomberg Radio.
Speaker 2: Time Now for a look at some of the other
Speaker 2: stories making news in New York and around the world.
Speaker 2: Where that We're joined by Bloomberg's Michael Barr.
Speaker 9: Michael, Good Morning, Good morning, Karen. A federal trial is
Speaker 9: scheduled to begin today for man charged with trying to
Speaker 9: assass and made President Trump as he played golf in
Speaker 9: Florida about a year ago. Ryan Ruth is charged with
Speaker 9: trying to assassinate then candidate Trump on his golf course.
Speaker 9: Authority say a secret Service agent prevented Ruth, who apparently
Speaker 9: camped out the twelve hours, from shooting mister Trump before
Speaker 9: any shots were fired. Survivors of convicted sex trafficker Jeffrey
Speaker 9: Epstein are demanding more transparency from the Trump administration as
Speaker 9: members of Congress from both parties trying to force the
Speaker 9: release of the files. Kentucky Republican and Congressman Thomas Massey
Speaker 9: and California Democrat Roekna are calling for a bipartisan vote
Speaker 9: to compel the files release. Massey said he suspects President
Speaker 9: Trump is trying to avoid embarrassing his supporters.
Speaker 10: I think it's going to be embarrassing to some of
Speaker 10: the billionaires, some of the donors who are politically connected
Speaker 10: to his campaign. I also think Democrats are going to
Speaker 10: be implicated in this. Democrat donors and when you get
Speaker 10: to the billionaire level, a lot of these folks to
Speaker 10: both parties.
Speaker 9: Anyway, Representative mass He made his comments on ABC's This
Speaker 9: Week Hear at Sundays on Bloomberg. Israeli police and medics
Speaker 9: said five people were killed by a gun attack on
Speaker 9: a bus in Jerusalem. At least twelve others were wounded
Speaker 9: in the incident, which came as Israeli Palestinian tention surge
Speaker 9: over the almost two year old war, and the guys
Speaker 9: of strip The gunmen were themselves shot dead by an
Speaker 9: Israeli security force member. Mayor Eric Adams says that he
Speaker 9: is staying in the New York City mayor's race. Adams
Speaker 9: called out fellow candidate Andrew Cuomo, promising to defeat Democratic
Speaker 9: front runner Zoron Memdani.
Speaker 11: Andrew Cuomo is a snake in a liar. I am
Speaker 11: in this race and I'm the only one that can
Speaker 11: beat Mendonni Andrew has had a career of pushing black
Speaker 11: candidates out of races. You've heard me say it over again.
Speaker 9: Adams also denied that he was going to Washington d
Speaker 9: See today after reports the Trump administration is considering him
Speaker 9: for various roles in exchange for dropping out of the race.
Speaker 9: Global News twenty four hours a day and whenever you
Speaker 9: want it with Bloomberg News Now. I'm Michael Barr, and
Speaker 9: this is Bloomberg Karen.
Speaker 2: Thanks Michael. Time now for our Bloomberg Sports update, and
Speaker 2: for that we bring in John stash Hour.
Speaker 1: Thanks Karen. Carlos Alcaraz, Jonnick Cinner Media. In the Grand
Speaker 1: Stamp Final for the third straight time, Alcaaz won. The
Speaker 1: French center won at Wimbledon. It was Alcarez's turn. He
Speaker 1: won the US Open final in four sets. What a
Speaker 1: wild Sunday night football game in Buffalo. Baltimore had a
Speaker 1: fifteen point lead with four minutes to go. The Bill
Speaker 1: scored two touchdowns, then got a game winning field goal
Speaker 1: for Matt Prater, who they had just signed days earlier
Speaker 1: to replace Tyler Bass. The Bills won by one point.
Speaker 1: That's a Bloomberg Sports update.
Speaker 2: Stay with us. More from Bloomberg day Break coming up
Speaker 2: after this.
Speaker 9: On Bloomberg Radio nationwide on Sirius XM, and around the
Speaker 9: world on Bloomberg dot com and the Bloomberg Business app.
Speaker 1: This is Bloomberg Daybreak.
Speaker 3: All right, Well, President Trump was busy over the weekend.
Speaker 3: He was commenting on a variety of global issues. So
Speaker 3: here to break down a few of them is Jill Desis.
Speaker 3: She's editor with Bloomberg News. Jill, thanks for joining us
Speaker 3: this morning. I want to stride off the bat by
Speaker 3: talking about the President speaking about the war in Ukraine.
Speaker 3: He indicated was ready to ramp up sanctions on Russia.
Speaker 3: What stood out to the most to you in his comments?
Speaker 6: Good morning? Yes, well, I think you know, really all
Speaker 6: we got from Trump was that he says he thinks
Speaker 6: that the Russia Ukraine war is going to be settled.
Speaker 6: He's reiterated comments that he's not happy with Russia, and
Speaker 6: then he also said that he would plan to speak
Speaker 6: with Russian President bluidimoir putin very soon. I think what's
Speaker 6: really key though, to remember in the context of all
Speaker 6: of this is that, you know, we've obviously been hearing
Speaker 6: this from Trump for quite a while now. It's been
Speaker 6: about forty days or so since, you know, he was
Speaker 6: talking about the fact that he thought that he could
Speaker 6: bring an end to this war within ten to twelve days. Obviously,
Speaker 6: this has been something that's really vexed Trump, considering it's
Speaker 6: back at the beginning of his term in office where
Speaker 6: he was saying that he wanted to bring an end
Speaker 6: to the war in twenty four hours, and we haven't
Speaker 6: really seen the needle move that much there. I think,
Speaker 6: in particular, you're really seeing very little willingness from Moscow
Speaker 6: to stop this war. You're seeing, you know, European leaders
Speaker 6: talk with Zelenski and Ukraine about measures to respond to
Speaker 6: Russian attacks. So while Trump is certainly projecting this confidence
Speaker 6: over bringing an end to the war in Ukraine, I
Speaker 6: think we still have to see that substance behind it
Speaker 6: to actually know whether or not that's something that has
Speaker 6: any chance of happening anytime soon.
Speaker 3: Okay, what about the Israel Godza war? Mean, President said
Speaker 3: Hamas needs to accept his terms to end its war
Speaker 3: with Israel. I mean on truth Stolschel, he said, this
Speaker 3: is my last warning, is it? I mean, what's the
Speaker 3: difference about his message this time around?
Speaker 6: Yeah, I think That's the thing is that, you know,
Speaker 6: there's that question of how different it actually is. What
Speaker 6: Trump was you know, sort of getting to in addition
Speaker 6: to this warning is you know he's talking about, you know,
Speaker 6: trying to trying to bring up this this this bluster
Speaker 6: of well, the the Israelis have accepted my term, so
Speaker 6: it's signed for THEMS to accept them as well. I think.
Speaker 6: Really notable in line with that truth social post from
Speaker 6: Trump in particular is that it came after his envoy
Speaker 6: to the Middle East Witkough, sent forth a new proposal
Speaker 6: to Hamas for a hostage and cease fire deal. They
Speaker 6: were sending that through an Israeli peace activists. That's according
Speaker 6: to the news outlet Axios, citing people direct knowledge of
Speaker 6: that communication. But ultimately it does tell you that, you know,
Speaker 6: again while Trump is you know, very willing to project
Speaker 6: this idea they'll have a deal on Gaza very soon
Speaker 6: that working on a solution with the Moths, it's really
Speaker 6: you've got you've got to wait until you know there's
Speaker 6: there's terms that ultimately, you know, these sides agree to
Speaker 6: before you bring that forward. This is another one, obviously
Speaker 6: that his administration has been working to try to bring
Speaker 6: a close to with out much in the way of
Speaker 6: a permanent, lasting deal.
Speaker 3: And in the last thirty seconds or so, I mean,
Speaker 3: ice raids ramping up Boston over the weekend. Now we're
Speaker 3: hearing also threatening to send forces to Chicago.
Speaker 6: Yes, I mean, I think you know, this is all
Speaker 6: part of, you know, that that really big sort of
Speaker 6: you know, immigration crackdown that you're seeing Trump, you know,
Speaker 6: really focus on. I think that ice raid and Georgia
Speaker 6: in particular was particularly interesting because you're talking about that
Speaker 6: focusing on a JV Hyundai LG plants some particular implications
Speaker 6: there for the US's relationship with with South Korea. I think,
Speaker 6: so that's a really really important one to keep an
Speaker 6: eye on. And then yeah, I mean when you're talking about,
Speaker 6: you know, his focus on Chicago really kind of you know,
Speaker 6: bringing in that idea of you know, he campaigned really
Speaker 6: heavily on police enforcements.
Speaker 1: You know he did.
Speaker 6: And I continue to hammer on.
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