WEBVTT - Trump Geopolitics Push; ICE Raids in Boston

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>Good morning. I'm Lisa Matteo 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 with geopolitics and President Trump's comments on

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<v Speaker 3>a variety of global issues over the weekend. The President

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<v Speaker 3>spoke about the war in Ukraine after indicating he was

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<v Speaker 3>ready to ramp up sanctions on Russia without providing details.

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<v Speaker 3>He spoke with porters at Joint Bass Andrews in Maryland.

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<v Speaker 1>I settled seven wars. This, I would have said, would

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<v Speaker 1>have been maybe the easiest one to settle them all.

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<v Speaker 1>But with war, you never know what you're getting.

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<v Speaker 2>But we're going to get it.

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<v Speaker 1>I believe we're going to get it settled. But I

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<v Speaker 1>am not happy with them.

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<v Speaker 2>I'm not happy with anything having to do with that war.

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<v Speaker 3>President Trump's comments come as a massive Russian air assault

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<v Speaker 3>struck a key government building in Kiev, killing at least

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<v Speaker 3>four people and injuring dozens and Lisa.

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<v Speaker 2>US Treasury Secretary Scott Best and also commenting on secondary

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<v Speaker 2>sanctions over the weekends, saying they could lead to an

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<v Speaker 2>eventual deal if.

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<v Speaker 4>The US and the EU can come in to more

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<v Speaker 4>sanctioned secondary tariffs on the countries that by Russian oil,

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<v Speaker 4>the Russian economy will be in full collapse and that

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<v Speaker 4>will bring President Putin to the table.

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<v Speaker 2>And US Treasury Secretary Scott Besson made those comments on

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<v Speaker 2>NBC's Meet the Press, which you can hear Sundays on

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<v Speaker 2>Bloomberg Radio.

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<v Speaker 3>Meanwhile, the EU preparing new sanctions and secondary tariffs on

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<v Speaker 3>oil and banks to further squeeze Russia's economy and pressure

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<v Speaker 3>Vladimir Putin to negotiate an end to the war in Ukraine.

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<v Speaker 3>The possible package comes as a delegation of EU officials

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<v Speaker 3>head to Washington this week to discuss the potential for

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<v Speaker 3>joint action.

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<v Speaker 2>Wellly so. The President also commented on the Israel Gaza

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<v Speaker 2>war in a post on social media. President Trump wrote

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<v Speaker 2>that Hamas needs to accept his terms to end the fighting,

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<v Speaker 2>writing this is my last warning. Last week, President Trump's

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<v Speaker 2>envoy to the Atalie, Steve Whitcoff, sent a new proposal

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<v Speaker 2>to Hamas for a hostage and ceasefire deal. The President

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<v Speaker 2>talked about the prospects of a deal last night.

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<v Speaker 1>It's a hell of a problem. What give again, It's

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<v Speaker 1>a problem we want to solve for the Middle East,

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<v Speaker 1>for Israel, for everybody. But it's it's a problem. We're

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<v Speaker 1>going to get done.

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<v Speaker 5>So they have hostages.

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<v Speaker 1>It could be a little bit less than twenty because somebody,

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<v Speaker 1>you know, they tend to die, right, they tend to die,

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<v Speaker 1>even though the young people largely did die.

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<v Speaker 2>President Trump's proposed deal would reportedly include the release of

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<v Speaker 2>all remaining hostages in exchange for ending the war in Gaza.

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<v Speaker 3>Turning now to Boston, Karen, where federal immigration agents conducted

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<v Speaker 3>raids across the city and nearby communities, arresting dozens of people.

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<v Speaker 3>The Justice Department filed suit against the city and its mayor,

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<v Speaker 3>intensifying a clash over local sanctuary policies, with Attorney General

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<v Speaker 3>Pam Bondi calling Boston among the worst sanctuary offenders in America.

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<v Speaker 3>President Trump has all also threatened to send forces into

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<v Speaker 3>Chicago to tackle crime.

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<v Speaker 6>We're not going to war.

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<v Speaker 1>We're going to clean up our cities.

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<v Speaker 6>We're going to clean them up so they.

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<v Speaker 4>Don't kill five people every weekend.

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<v Speaker 1>That's not war, that's common sense.

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<v Speaker 3>President Trump's borders are Tom Homan is further promising enforcement

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<v Speaker 3>activities in Chicago and other sanctuary cities across the country.

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<v Speaker 2>Hey Mo Liisa. In New York, Zo Run Mam Donnie,

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<v Speaker 2>the front runner in the city's mayoral race, says the

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<v Speaker 2>city should race itself for a deployment of National Guard troops.

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<v Speaker 5>We have to prepare for the inevitability of that deployment.

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<v Speaker 5>We cannot try and convince ourselves that because something is illegal,

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<v Speaker 5>Donald Trump will not do it.

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<v Speaker 2>In New York City mayor o front runner Zo Run

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<v Speaker 2>Mam Donnie made the comments at a rally with Senator

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<v Speaker 2>Bernie Sanders over the weekend. President Trump has so far

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<v Speaker 2>deployed National Guard troops in Los Angeles and Washington, d C.

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<v Speaker 3>And in Georgia. This week, in Karen, federal agents detained

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<v Speaker 3>four hundred and seventy five people at Hyundai's manufacturing complex

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<v Speaker 3>as part of a month's long investigation into employment practices.

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<v Speaker 3>The majority were Korean nationals and people working unlawfully were

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<v Speaker 3>turned over to Ice for removal proceedings. ANDNDAY said it

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<v Speaker 3>was closely monitoring the situation, adding that production at its

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<v Speaker 3>electric vehicle assembly plant nearby wasn't interrupted.

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<v Speaker 2>Let's turn overseas now Lisa. In a major story in Paris,

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<v Speaker 2>Francis government could collapse today, with Prime Minister Francois Bayrux

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<v Speaker 2>expected to lose a confidence vote in Parliament. Bayrou called

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<v Speaker 2>the vote in a bid to pressure lawmakers into backing

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<v Speaker 2>his budget plan, which includes spending cuts and tax hikes. Earlier,

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<v Speaker 2>Prime Minister Bayroux spoke on French television.

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<v Speaker 5>We are experiencing a situation that threatens the very future

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<v Speaker 5>of the country, and everyone is whistling as if it

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<v Speaker 5>doesn't exist. Everyone is looking the other way. Everyone is

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<v Speaker 5>using the answers we could have provided, have gained an

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<v Speaker 5>electoral advantage.

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<v Speaker 2>And Francois Bayroux speaking there through an interpreter. If the

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<v Speaker 2>government coll collapses, President Emanuel mccron could name a new

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<v Speaker 2>prime minister or call fresh elections for the National Assembly.

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<v Speaker 3>Over in Asia, Karin Shigaru Eshaba has announced that he

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<v Speaker 3>will step down as Japan's Prime minister. The move follows

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<v Speaker 3>calls for his resignation after back to back election losses

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<v Speaker 3>that cost his party its parliamentary majority. However, with no

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<v Speaker 3>clear successor, his departure is likely to fuel uncertainty among investors.

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<v Speaker 3>Japan's currency already slid against a dollar on concerns political

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<v Speaker 3>instability will reduce the prospect of the Bank of Japan

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<v Speaker 3>raising rates.

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<v Speaker 2>When we turned to the latest on the FED now

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<v Speaker 2>Lisa and who were replaced Jerome Powell as chair when

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<v Speaker 2>his term expires in the spring, President Trump told reporters

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<v Speaker 2>in the Oval Office that Kevin has said, Christopher Waller

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<v Speaker 2>and Kevin worsh are the finalists to replace Powell. A

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<v Speaker 2>Treasury Secretary, Scott Besson, who was a contender for the job,

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<v Speaker 2>removed himself from consideration. Over the weekend, we heard from

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<v Speaker 2>one of the finalists, Kevin Hassett, who talked about central

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<v Speaker 2>bank independence.

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<v Speaker 7>Monitary policy federis or monetary policy needs to be fully

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<v Speaker 7>independent of political influence, including from President Trump. The fact

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<v Speaker 7>is that we've looked at countries that have allowed the

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<v Speaker 7>leaders to take over the central banks, and what tends

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<v Speaker 7>to happen is that it's a recipe for inflation and

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<v Speaker 7>misery for consumers.

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<v Speaker 2>And Director of the National Economic Counsel Kevin Hassett made

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<v Speaker 2>those comments on CBS has faced the nation. Meanwhile, Citadel

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<v Speaker 2>founder and Republican donor Ken Griffin wrote in a Wall

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<v Speaker 2>Street Journal op ed that it was Warren President Trump's

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<v Speaker 2>best interest for the FED to be seen as independent

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<v Speaker 2>and act accordingly.

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<v Speaker 3>And in the energy space, Cameron Olpak plus has defied

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<v Speaker 3>traders and is going ahead with another boost in oil production.

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<v Speaker 3>Let's get more from Bloomberg's John Tucker and Lisa.

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<v Speaker 8>This was an eleven minute meeting on Sunday. The oil

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<v Speaker 8>cartel chose to start reviving a new layer of halted

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<v Speaker 8>oil production more than a year early, rather than pausing

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<v Speaker 8>as the traders that initially expected. This comes right after

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<v Speaker 8>the group completed the surprise restoration of a previous round

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<v Speaker 8>of halted output, and it's a pretty audacious move. It

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<v Speaker 8>signals the alliance is firmly committed to reclaiming the share

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<v Speaker 8>of the oil market that had lost in recent years

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<v Speaker 8>to rivals like US shalf drillers. Could be a sign

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<v Speaker 8>that longer term, OPAK is breaking with its historic mission

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<v Speaker 8>of defending crude oil prices. If they can stand increased

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<v Speaker 8>production at lower prices, they may be able to sink

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<v Speaker 8>some of the competition. Initially, though, production is going to

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<v Speaker 8>increase just one hundred and thirty seven thousand barrels a

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<v Speaker 8>day in October. That's why crude prices are higher right now.

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<v Speaker 8>And checking the price of brand the international benchmark that

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<v Speaker 8>is up one point seven percent. You know you're in

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<v Speaker 8>Come John Tucker, Bloomberg Radio.

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<v Speaker 2>Time Now for a look at some of the other

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<v Speaker 2>stories making news in New York and around the world.

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<v Speaker 2>Where that We're joined by Bloomberg's Michael Barr.

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<v Speaker 9>Michael, Good Morning, Good morning, Karen. A federal trial is

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<v Speaker 9>scheduled to begin today for man charged with trying to

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<v Speaker 9>assass and made President Trump as he played golf in

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<v Speaker 9>Florida about a year ago. Ryan Ruth is charged with

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<v Speaker 9>trying to assassinate then candidate Trump on his golf course.

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<v Speaker 9>Authority say a secret Service agent prevented Ruth, who apparently

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<v Speaker 9>camped out the twelve hours, from shooting mister Trump before

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<v Speaker 9>any shots were fired. Survivors of convicted sex trafficker Jeffrey

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<v Speaker 9>Epstein are demanding more transparency from the Trump administration as

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<v Speaker 9>members of Congress from both parties trying to force the

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<v Speaker 9>release of the files. Kentucky Republican and Congressman Thomas Massey

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<v Speaker 9>and California Democrat Roekna are calling for a bipartisan vote

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<v Speaker 9>to compel the files release. Massey said he suspects President

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<v Speaker 9>Trump is trying to avoid embarrassing his supporters.

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<v Speaker 10>I think it's going to be embarrassing to some of

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<v Speaker 10>the billionaires, some of the donors who are politically connected

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<v Speaker 10>to his campaign. I also think Democrats are going to

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<v Speaker 10>be implicated in this. Democrat donors and when you get

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<v Speaker 10>to the billionaire level, a lot of these folks to

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<v Speaker 10>both parties.

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<v Speaker 9>Anyway, Representative mass He made his comments on ABC's This

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<v Speaker 9>Week Hear at Sundays on Bloomberg. Israeli police and medics

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<v Speaker 9>said five people were killed by a gun attack on

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<v Speaker 9>a bus in Jerusalem. At least twelve others were wounded

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<v Speaker 9>in the incident, which came as Israeli Palestinian tention surge

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<v Speaker 9>over the almost two year old war, and the guys

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<v Speaker 9>of strip The gunmen were themselves shot dead by an

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<v Speaker 9>Israeli security force member. Mayor Eric Adams says that he

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<v Speaker 9>is staying in the New York City mayor's race. Adams

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<v Speaker 9>called out fellow candidate Andrew Cuomo, promising to defeat Democratic

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<v Speaker 9>front runner Zoron Memdani.

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<v Speaker 11>Andrew Cuomo is a snake in a liar. I am

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<v Speaker 11>in this race and I'm the only one that can

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<v Speaker 11>beat Mendonni Andrew has had a career of pushing black

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<v Speaker 11>candidates out of races. You've heard me say it over again.

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<v Speaker 9>Adams also denied that he was going to Washington d

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<v Speaker 9>See today after reports the Trump administration is considering him

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<v Speaker 9>for various roles in exchange for dropping out of the race.

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<v Speaker 9>Global News twenty four hours a day and whenever you

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<v Speaker 9>want it with Bloomberg News Now. I'm Michael Barr, and

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<v Speaker 9>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 1>Thanks Karen. Carlos Alcaraz, Jonnick Cinner Media. In the Grand

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<v Speaker 1>Stamp Final for the third straight time, Alcaaz won. The

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<v Speaker 1>French center won at Wimbledon. It was Alcarez's turn. He

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<v Speaker 1>won the US Open final in four sets. What a

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<v Speaker 1>wild Sunday night football game in Buffalo. Baltimore had a

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<v Speaker 1>fifteen point lead with four minutes to go. The Bill

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<v Speaker 1>scored two touchdowns, then got a game winning field goal

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<v Speaker 1>for Matt Prater, who they had just signed days earlier

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<v Speaker 1>to replace Tyler Bass. The Bills won by one point.

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<v Speaker 1>That's a 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 9>On Bloomberg Radio nationwide on Sirius XM, and around the

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<v Speaker 9>world on Bloomberg dot com and the Bloomberg Business app.

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<v Speaker 1>This is Bloomberg Daybreak.

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<v Speaker 3>All right, Well, President Trump was busy over the weekend.

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<v Speaker 3>He was commenting on a variety of global issues. So

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<v Speaker 3>here to break down a few of them is Jill Desis.

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<v Speaker 3>She's editor with Bloomberg News. Jill, thanks for joining us

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<v Speaker 3>this morning. I want to stride off the bat by

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<v Speaker 3>talking about the President speaking about the war in Ukraine.

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<v Speaker 3>He indicated was ready to ramp up sanctions on Russia.

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<v Speaker 3>What stood out to the most to you in his comments?

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<v Speaker 6>Good morning? Yes, well, I think you know, really all

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<v Speaker 6>we got from Trump was that he says he thinks

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<v Speaker 6>that the Russia Ukraine war is going to be settled.

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<v Speaker 6>He's reiterated comments that he's not happy with Russia, and

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<v Speaker 6>then he also said that he would plan to speak

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<v Speaker 6>with Russian President bluidimoir putin very soon. I think what's

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<v Speaker 6>really key though, to remember in the context of all

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<v Speaker 6>of this is that, you know, we've obviously been hearing

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<v Speaker 6>this from Trump for quite a while now. It's been

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<v Speaker 6>about forty days or so since, you know, he was

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<v Speaker 6>talking about the fact that he thought that he could

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<v Speaker 6>bring an end to this war within ten to twelve days. Obviously,

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<v Speaker 6>this has been something that's really vexed Trump, considering it's

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<v Speaker 6>back at the beginning of his term in office where

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<v Speaker 6>he was saying that he wanted to bring an end

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<v Speaker 6>to the war in twenty four hours, and we haven't

0:12:17.400 --> 0:12:21.000
<v Speaker 6>really seen the needle move that much there. I think,

0:12:21.160 --> 0:12:24.800
<v Speaker 6>in particular, you're really seeing very little willingness from Moscow

0:12:25.320 --> 0:12:28.679
<v Speaker 6>to stop this war. You're seeing, you know, European leaders

0:12:28.960 --> 0:12:32.520
<v Speaker 6>talk with Zelenski and Ukraine about measures to respond to

0:12:32.600 --> 0:12:36.240
<v Speaker 6>Russian attacks. So while Trump is certainly projecting this confidence

0:12:36.280 --> 0:12:39.080
<v Speaker 6>over bringing an end to the war in Ukraine, I

0:12:39.080 --> 0:12:41.040
<v Speaker 6>think we still have to see that substance behind it

0:12:41.080 --> 0:12:43.160
<v Speaker 6>to actually know whether or not that's something that has

0:12:43.200 --> 0:12:44.680
<v Speaker 6>any chance of happening anytime soon.

0:12:45.000 --> 0:12:47.280
<v Speaker 3>Okay, what about the Israel Godza war? Mean, President said

0:12:47.320 --> 0:12:49.960
<v Speaker 3>Hamas needs to accept his terms to end its war

0:12:50.000 --> 0:12:52.560
<v Speaker 3>with Israel. I mean on truth Stolschel, he said, this

0:12:52.679 --> 0:12:54.800
<v Speaker 3>is my last warning, is it? I mean, what's the

0:12:54.800 --> 0:12:57.080
<v Speaker 3>difference about his message this time around?

0:12:57.360 --> 0:12:59.000
<v Speaker 6>Yeah, I think That's the thing is that, you know,

0:12:59.040 --> 0:13:02.800
<v Speaker 6>there's that question of how different it actually is. What

0:13:02.960 --> 0:13:05.600
<v Speaker 6>Trump was you know, sort of getting to in addition

0:13:05.640 --> 0:13:08.600
<v Speaker 6>to this warning is you know he's talking about, you know,

0:13:08.640 --> 0:13:11.120
<v Speaker 6>trying to trying to bring up this this this bluster

0:13:11.600 --> 0:13:14.719
<v Speaker 6>of well, the the Israelis have accepted my term, so

0:13:14.760 --> 0:13:17.600
<v Speaker 6>it's signed for THEMS to accept them as well. I think.

0:13:17.679 --> 0:13:21.520
<v Speaker 6>Really notable in line with that truth social post from

0:13:21.600 --> 0:13:24.120
<v Speaker 6>Trump in particular is that it came after his envoy

0:13:24.400 --> 0:13:28.199
<v Speaker 6>to the Middle East Witkough, sent forth a new proposal

0:13:28.240 --> 0:13:31.120
<v Speaker 6>to Hamas for a hostage and cease fire deal. They

0:13:31.120 --> 0:13:33.760
<v Speaker 6>were sending that through an Israeli peace activists. That's according

0:13:33.800 --> 0:13:36.839
<v Speaker 6>to the news outlet Axios, citing people direct knowledge of

0:13:36.880 --> 0:13:40.320
<v Speaker 6>that communication. But ultimately it does tell you that, you know,

0:13:40.360 --> 0:13:43.440
<v Speaker 6>again while Trump is you know, very willing to project

0:13:43.440 --> 0:13:46.560
<v Speaker 6>this idea they'll have a deal on Gaza very soon

0:13:46.600 --> 0:13:49.480
<v Speaker 6>that working on a solution with the Moths, it's really

0:13:49.520 --> 0:13:51.960
<v Speaker 6>you've got you've got to wait until you know there's

0:13:52.000 --> 0:13:54.640
<v Speaker 6>there's terms that ultimately, you know, these sides agree to

0:13:54.720 --> 0:13:56.800
<v Speaker 6>before you bring that forward. This is another one, obviously

0:13:56.840 --> 0:13:59.280
<v Speaker 6>that his administration has been working to try to bring

0:13:59.320 --> 0:14:01.800
<v Speaker 6>a close to with out much in the way of

0:14:01.840 --> 0:14:03.120
<v Speaker 6>a permanent, lasting deal.

0:14:03.320 --> 0:14:04.920
<v Speaker 3>And in the last thirty seconds or so, I mean,

0:14:05.000 --> 0:14:07.760
<v Speaker 3>ice raids ramping up Boston over the weekend. Now we're

0:14:07.760 --> 0:14:10.320
<v Speaker 3>hearing also threatening to send forces to Chicago.

0:14:10.600 --> 0:14:12.400
<v Speaker 6>Yes, I mean, I think you know, this is all

0:14:12.480 --> 0:14:15.320
<v Speaker 6>part of, you know, that that really big sort of

0:14:15.800 --> 0:14:19.280
<v Speaker 6>you know, immigration crackdown that you're seeing Trump, you know,

0:14:19.320 --> 0:14:22.360
<v Speaker 6>really focus on. I think that ice raid and Georgia

0:14:22.440 --> 0:14:26.760
<v Speaker 6>in particular was particularly interesting because you're talking about that

0:14:26.840 --> 0:14:31.560
<v Speaker 6>focusing on a JV Hyundai LG plants some particular implications

0:14:31.600 --> 0:14:35.240
<v Speaker 6>there for the US's relationship with with South Korea. I think,

0:14:35.280 --> 0:14:36.920
<v Speaker 6>so that's a really really important one to keep an

0:14:36.960 --> 0:14:38.760
<v Speaker 6>eye on. And then yeah, I mean when you're talking about,

0:14:39.080 --> 0:14:42.040
<v Speaker 6>you know, his focus on Chicago really kind of you know,

0:14:42.080 --> 0:14:44.040
<v Speaker 6>bringing in that idea of you know, he campaigned really

0:14:44.080 --> 0:14:46.000
<v Speaker 6>heavily on police enforcements.

0:14:46.280 --> 0:14:47.080
<v Speaker 1>You know he did.

0:14:47.240 --> 0:14:48.360
<v Speaker 6>And I continue to hammer on.

0:14:50.400 --> 0:14:53.840
<v Speaker 2>This is Bloomberg Daybreak, your morning podcast on the stories

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