WEBVTT - Democrats Win Special Election; House Votes to Impeach Mayorkas

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

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<v Speaker 2>Good morning, I'm Nathan Hager and I'm Amy Morris. Here

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

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<v Speaker 3>Let's start with politics and results from the special election

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<v Speaker 3>in New York. Tom Swazi and Mozzi Pillup squared off

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<v Speaker 3>in a race for the seat left open by former

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<v Speaker 3>Representative George Santos, and Democrats came out victorious in New

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<v Speaker 3>York's third district. Tom Swazi won the contest with fifty

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<v Speaker 3>four percent of the vote. Bloomberg'slaura Namias says the race

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<v Speaker 3>was viewed as a bellweather for November's election.

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<v Speaker 4>We did talk to some voters out in the district

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<v Speaker 4>who said that they were casting their ballots for Swazi

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<v Speaker 4>because they wanted Democrats to retake control of the House,

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<v Speaker 4>less because of any personal attachment to Tom Swazi than

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<v Speaker 4>because they wanted control of the House of Representatives to

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<v Speaker 4>switch back to Democrats. They were concerned about abortion rights,

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<v Speaker 4>the future of democracy. They were concerned about some of

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<v Speaker 4>the things that had happened during the Trump presidency, and

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<v Speaker 4>about whether or not Democrats could keep democracy afloat.

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<v Speaker 3>Bloomberg's Law Anamius notes Tom Swazi had represented New York's

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<v Speaker 3>third for three terms until George Santos claimed his seat.

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<v Speaker 3>The victory for Democrats narrows Republicans' thin majority in the House.

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<v Speaker 3>The GOP now has just a six member advantage in

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<v Speaker 3>the chamber.

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<v Speaker 2>The special election came on the same day the House

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<v Speaker 2>impeach Tallejandrei. New Yorkis Republicans voted by the narrowest possible

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<v Speaker 2>margin to impeach the Homeland Security Secretary after failing in

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<v Speaker 2>their first attempt last week. House Speaker Mike Johnson announced

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<v Speaker 2>the final tally.

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<v Speaker 5>On this vote, the Yaser two fourteen and the NASER

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<v Speaker 5>two thirteen.

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<v Speaker 6>The resolution is adopted, New.

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<v Speaker 2>Yorcus becomes the second cabinet member in US history to

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<v Speaker 2>be impeached. The first came nearly one hundred and fifty

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<v Speaker 2>years ago. The effort is likely to die in the Senate,

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<v Speaker 2>where a two thirds majority is needed to remove may

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<v Speaker 2>Orcus from office.

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<v Speaker 3>Man staying in Washington, Amy Defense Secretary Lloyd Austin is

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<v Speaker 3>back on the job. He was released from the hospital

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<v Speaker 3>last night. He underwent a procedure for a bladder problem.

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<v Speaker 3>Bloomberg Zed Baxter has the details.

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<v Speaker 5>The doctors at Walter Reed Medical Center say they identified

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<v Speaker 5>what was causing him pain and the bladder issue related

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<v Speaker 5>to his prostate surgery was rectified in a non surgical procedure.

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<v Speaker 5>They say the prognosis from his prostate cancer surgery is

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<v Speaker 5>still good. Pentagon Deputy Press Secretary Sabrina Singh says he

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<v Speaker 5>will participate in the Virtual Ukraine Defense Contact Group because

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<v Speaker 5>of its importance.

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<v Speaker 7>If US support waivers, we know Putin is not going

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<v Speaker 7>to stop in his war in Ukraine.

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<v Speaker 5>Austin is expected to host the meeting today about fifty countries.

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<v Speaker 5>Ed Baxter Bloomberg Radio.

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<v Speaker 2>All right, thank you, Ed. Turning now to the markets.

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<v Speaker 2>We start overseas, where an inflation surprise in the UK

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<v Speaker 2>is giving a boost to British docks. Data show UK

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<v Speaker 2>consumer prizes rose less than expected in January, largely due

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<v Speaker 2>to downward trends in the cost of food and household goods.

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<v Speaker 2>We get more from Bloomberg's Lizzie Burden.

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<v Speaker 7>In London, inflation has unexpectedly held steady at four percent

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<v Speaker 7>when economists thought it would rise. Core inflation was lower

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<v Speaker 7>than economist's thought five point one percent, and even the

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<v Speaker 7>monthly number for inflation came in at zero point six percent,

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<v Speaker 7>so double the expected drop. So I can hear the

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<v Speaker 7>relief from the Bank of England and I can hear

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<v Speaker 7>it on Downing Street as well.

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<v Speaker 2>Bloomberg's Lizzie Burden notes the data has traders moving up

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<v Speaker 2>bets for a rate cut from the Bank of England.

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<v Speaker 2>The pound weakened on the news, currently trading at one

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<v Speaker 2>point two five thirty nine against the dollar.

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<v Speaker 3>And back here in the US, Amy, we are coming

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<v Speaker 3>off a tough day for stocks. The S and P

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<v Speaker 3>five hundred fell one point three percent after hot US

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<v Speaker 3>inflation data pushed back bets for a FED rate cut.

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<v Speaker 3>Now the question is will the sell off continue. Jean

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<v Speaker 3>Bouvaugh is head of black Rock Investment Institute.

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<v Speaker 8>The market is overreacting. That has been the story for

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<v Speaker 8>the last eighteen months. We've seen that in December with

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<v Speaker 8>the shocker FMC massive rally right and now that was overextended.

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<v Speaker 8>I think that's getting corrected as we speak. But I

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<v Speaker 8>think the broader story will be one where in fish

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<v Speaker 8>is going to continue to trend down over the next

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<v Speaker 8>few months.

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<v Speaker 9>We're going to see CODs.

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<v Speaker 3>Jehan Bovana brought black Rock Investment Institute still sees a

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<v Speaker 3>soft landing insight. This morning, US futures are signaling a

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<v Speaker 3>rebound from yesterday's losses.

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<v Speaker 2>Now some stots on the move.

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<v Speaker 5>This morning.

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<v Speaker 2>Shares of Airbnb are down about five percent in early trading.

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<v Speaker 2>Earnings from the company initially came in strong, but Airbnb

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<v Speaker 2>says overall demand is coming down in the current quarter.

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<v Speaker 2>It notes this quarter last year was especially strong thanks

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<v Speaker 2>to revenge travel coming off the pandemic. Now, Airbnb says

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<v Speaker 2>demand is starting to normalize.

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<v Speaker 3>And shares of Lift are living up to their name.

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<v Speaker 3>This morning, amy they're up about fifteen and a half

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<v Speaker 3>percent in the pre market. The right hailing company posted

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<v Speaker 3>earnings in line with estimates and issued a forecast that

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<v Speaker 3>was better than expected. Bloomberg's Charlie Pellett has the details.

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<v Speaker 6>It shows efforts to boost ridership are paying off. The

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<v Speaker 6>company said gross bookings, which represent the total value of

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<v Speaker 6>transactions invoice to writers, will be about three and a

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<v Speaker 6>half to three point six billion dollars in the first

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<v Speaker 6>three months of the year. Analysts we're expecting three point

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<v Speaker 6>four to eight billion on average. Lift has struggled to

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<v Speaker 6>compete with large arrival Uber, and the two have spent

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<v Speaker 6>fiercely to recruit and retain enough drivers to meet demand,

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<v Speaker 6>which has bounced back after a plunge during the pandemic

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<v Speaker 6>in New York. Charlie Pellet Bloomberg Radio.

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<v Speaker 2>Thank you, Charlie. We also have news on the world's

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<v Speaker 2>second richest man. We are learning Jeff Bezo sold another

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<v Speaker 2>two billion dollars of Amazon shares on top of the

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<v Speaker 2>two billion dollars of chares he sold last week. Regulatory

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<v Speaker 2>filings show the sales took place over just four trading days.

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<v Speaker 2>Shares of Amazon are up eleven percent so far this year.

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<v Speaker 3>Now, let's get a look at some of the stories

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<v Speaker 3>making news in New York and around the world with

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<v Speaker 3>Bloomberg'smichael bar Good morning, Michael.

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<v Speaker 10>Good morning, Nathan. The cleanup continues from yesterday snowstorm that

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<v Speaker 10>hit the Tri State area. People have been out shoveling

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<v Speaker 10>heavy snow. The New York City Department of Sanitation Commissioner

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<v Speaker 10>Jessica Tish had a message for residents in a news

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<v Speaker 10>conference last night.

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<v Speaker 1>The temperatures are going to go down below freezing and

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<v Speaker 1>we could have flash freezes on the sidewalks. We want

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<v Speaker 1>those sidewalks safe.

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<v Speaker 10>Audio courtesy of ABC seven New York City schools put

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<v Speaker 10>about a million school kids on remote learning, but there

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<v Speaker 10>were technical issues throughout the day. This woman had trouble

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<v Speaker 10>getting her sons online.

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<v Speaker 11>If you weren't logged into your account by the time

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<v Speaker 11>that they started having problems, you couldn't get in.

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<v Speaker 10>Central Park officially recorded three point two inches of snowfall

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<v Speaker 10>In upstate New York, Warwick got thirteen point four. More

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<v Speaker 10>than three thousand flights were canceled or delayed at Northeast Airports.

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<v Speaker 10>In Brooklyn, a seventy four year old woman died after

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<v Speaker 10>she was struck by falling bricks from a brownstone a

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<v Speaker 10>thirty c A large chunk of the decorative brick facade

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<v Speaker 10>above the entrance door fell from the three story building

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<v Speaker 10>at sixth Avenue and fifty fourth Street. The woman was

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<v Speaker 10>clearing snow from the steps when the facade collapsed. Secretary

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<v Speaker 10>of State Anthony Blincoln says efforts are continuing the free

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<v Speaker 10>Americans detained in Russia. Bloomberg's Nancy Lyons has an update.

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<v Speaker 1>Secretary Blincoln says he's spoken with Paul Wheelan this week.

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<v Speaker 1>He's the former marine who is detained in Russia on

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<v Speaker 1>charges of espionage charges that he and the US deny

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<v Speaker 1>are intensive.

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<v Speaker 5>Efforts to bring Paul home continue every single day, and

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<v Speaker 5>they will until he and Evan Gerskovitch and every other

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<v Speaker 5>American wrongfully detained.

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<v Speaker 6>It's back with their loved ones.

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<v Speaker 1>Avan Gershkovitch is a correspondent for The Wall Street Journal

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<v Speaker 1>who is arrested for spying. Blincoln was speaking on hostage

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<v Speaker 1>diplomacy at the Wilson Center, a think tank for global

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<v Speaker 1>affairs in Washington. Nancy Lyons, Bloomberg, Radio.

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<v Speaker 10>Tesla, and newscarp faced some of the earliest regulatory enforcement

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<v Speaker 10>actions under New York City's closely watch pay transparency law.

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<v Speaker 10>The city alleges the businesses ignored the rec requirement to

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<v Speaker 10>include salary ranges in job ads or posted such wide

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<v Speaker 10>salary bands that they did not qualify as good faith estimates.

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<v Speaker 10>Global News twenty four hours a day and whenever you

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<v Speaker 10>want it with the Bloomberg News Now. I'm Michael Barr.

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<v Speaker 10>This is Bloomberg. Nathan.

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<v Speaker 3>Okay, Michael, thank you. Time out for the Bloomberg Sports update,

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<v Speaker 3>brought to you by Tri State out Here's John stash Out.

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<v Speaker 12>Thanks Nathan. Best team in the NBA was in Brooklyn.

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<v Speaker 12>The Celtics forty two and twelve. They got forty one

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<v Speaker 12>points from Jason Tatum. They beat the Nets one eighteen

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<v Speaker 12>to one.

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<v Speaker 5>Ten.

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<v Speaker 12>Seeing two teams play tonight in Boston, Knicks play tonight

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<v Speaker 12>in Orlando. The Nick injuries continue there without their top

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<v Speaker 12>two centers, their entire starting front court is injured, and

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<v Speaker 12>how Dante Divincenzo's played so well if late has an

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<v Speaker 12>injured hamstring questionable for tonight.

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<v Speaker 6>Nicks come off the.

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<v Speaker 12>Heartbreaker in Houston when the foul that the NBA admits

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<v Speaker 12>should not have been called was called at the end

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<v Speaker 12>of the game. The Knicks app filed the protest, but

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<v Speaker 12>protests can't be upheld based on a miss only the

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<v Speaker 12>misapplication of a rule on the ice Devils with three

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<v Speaker 12>and the third one four to two at Nashville Islanders

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<v Speaker 12>one scoreless of the shootout and lost at home to

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<v Speaker 12>Seattle two to one. Saint John's lost that Providence seventy

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<v Speaker 12>five seventy two. Red Storm have now dropped seven of

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<v Speaker 12>the last nine. They stormed the court at Syracuse after

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<v Speaker 12>an upset win over seventh rank North Carolina. In Fort

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<v Speaker 12>Saint Lucie today, met pitchers and catchers report the big

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<v Speaker 12>met change. A new manager at buckshow Walter Out replaced

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<v Speaker 12>by former Yankee bench coach Carlos Mendoza. Here he was

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<v Speaker 12>at his presser last fall.

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<v Speaker 13>I'm not just creating a new goalship.

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<v Speaker 8>People need to understand that this is a team that

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<v Speaker 8>won one Hungred games nuts Lonigal and they started to

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<v Speaker 8>create something special.

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<v Speaker 13>And I'm coming in to continue to.

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<v Speaker 10>Out to dot Coulture.

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<v Speaker 12>Nets did win one hundred and one games in twenty

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<v Speaker 12>twenty two, but only seventy five wins last season, and

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<v Speaker 12>they were relatively quiet in the offseason. Yankee pitchers and

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<v Speaker 12>catchers report tomorrow and Tampa. A lot of free agents

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<v Speaker 12>have yet to sign, but after the Joorge, Solare did

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<v Speaker 12>sign with the Giants. He had thirty six homers last

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<v Speaker 12>year in Miami. Johns Stanshaward Bloomberg Sports.

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<v Speaker 13>From coast to coast, from New York to San Francisco,

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<v Speaker 13>Boston to Washington, DC, nationwide on Syrias, Exam the Bloomberg

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<v Speaker 13>Business app in Bloomberg dot com. This is Bloomberg Daybreak.

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<v Speaker 3>Good morning, I'm Nathan Hager. The special election results are

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<v Speaker 3>in and the margins and the House are about to

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<v Speaker 3>get even thinner. Democrat Tom Swazi has prevailed over Republican

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<v Speaker 3>Mazi Melissa Phillip in New York's third congressional district and

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<v Speaker 3>the race to move past a disgraced Republican former Congressman

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<v Speaker 3>George Santos. Bloomberg Politics contributor Geenie she Sheenzano joins us

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<v Speaker 3>early this morning after election night in the New York Third.

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<v Speaker 3>But I'm guessing, Genie that you weren't staying up too

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<v Speaker 3>late to watch the results come in. Even with the

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<v Speaker 3>polls pretty tight, it seems like it didn't take a

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<v Speaker 3>whole lot of time for the Associated Press to call

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<v Speaker 3>this race. So what was the decisive factor here for

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<v Speaker 3>Tom Swase?

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<v Speaker 11>You know, I think the decisive factor for Suase was

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<v Speaker 11>there were a few things. Number one is that he

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<v Speaker 11>was able to counter this race in terms of immigration,

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<v Speaker 11>and so much of this race focused on immigration. He

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<v Speaker 11>was able to say to his opponent, and he was

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<v Speaker 11>able to say to Republicans at voters that he is

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<v Speaker 11>a moderate and that he wants to work across the

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<v Speaker 11>aisle to deal with the issue of immigration, which, let's

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<v Speaker 11>face it, for New Yorkers is a very big issue.

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<v Speaker 11>One hundred and seventy thousand migrants in the city now,

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<v Speaker 11>and so he was able to contest that. But the

0:11:37.520 --> 0:11:39.760
<v Speaker 11>other thing he was able to do is he was

0:11:39.800 --> 0:11:44.360
<v Speaker 11>able to say that he is somebody who they know.

0:11:44.679 --> 0:11:48.240
<v Speaker 11>He's a known quality quantity rather for people on Long

0:11:48.280 --> 0:11:51.080
<v Speaker 11>Island and in this New York Third District, And of

0:11:51.160 --> 0:11:54.600
<v Speaker 11>course they are just out of having been served by

0:11:54.720 --> 0:11:57.920
<v Speaker 11>George Santos, and so would they really want to take

0:11:57.960 --> 0:12:01.199
<v Speaker 11>a chance on somebody unknown like Mazi Philip Pillup.

0:12:01.240 --> 0:12:03.880
<v Speaker 9>And of course the answer turned out to be no.

0:12:04.120 --> 0:12:06.600
<v Speaker 11>So he was also helped by the fact that he

0:12:06.760 --> 0:12:09.120
<v Speaker 11>is a known quantity in that district.

0:12:09.360 --> 0:12:11.920
<v Speaker 3>When it comes to the immigration issue, Genie, I mean,

0:12:11.960 --> 0:12:14.520
<v Speaker 3>it's got to resonate differently in a place like New

0:12:14.600 --> 0:12:16.959
<v Speaker 3>York or the New York suburbs, like the Third District,

0:12:16.960 --> 0:12:19.320
<v Speaker 3>that it does in a lot of other districts across

0:12:19.320 --> 0:12:21.880
<v Speaker 3>the country. Right, So can we see this as a

0:12:21.920 --> 0:12:24.280
<v Speaker 3>bell weather for the rest of the country, given how

0:12:24.360 --> 0:12:27.439
<v Speaker 3>immigration might play differently in different parts of the country.

0:12:27.920 --> 0:12:29.319
<v Speaker 11>Yeah, I don't know if we can see it as

0:12:29.320 --> 0:12:32.719
<v Speaker 11>a bell weather, but it does give democrats in districts

0:12:32.880 --> 0:12:34.600
<v Speaker 11>like this, and there are a lot of them across

0:12:34.600 --> 0:12:37.440
<v Speaker 11>the country, a map and a way forward as they

0:12:37.480 --> 0:12:41.160
<v Speaker 11>contest in November, and that is not to shy away

0:12:41.200 --> 0:12:43.960
<v Speaker 11>from this issue. And this was one thing Swazi did

0:12:44.080 --> 0:12:47.520
<v Speaker 11>very well is he did not say, you know, oh,

0:12:47.559 --> 0:12:49.640
<v Speaker 11>I'm going to give this issue to the Republicans.

0:12:49.920 --> 0:12:52.439
<v Speaker 9>He took it on. He said, close the border.

0:12:52.480 --> 0:12:54.720
<v Speaker 11>He said, due to the violence that has occurred in

0:12:54.760 --> 0:12:56.800
<v Speaker 11>New York City at the hands of migrants, they should

0:12:56.840 --> 0:13:00.480
<v Speaker 11>be deported. He said he would have supported that bill

0:13:00.600 --> 0:13:04.000
<v Speaker 11>that came up just the other week in Congress that

0:13:04.120 --> 0:13:07.400
<v Speaker 11>the Republicans shot down. And I think that is a

0:13:07.559 --> 0:13:11.000
<v Speaker 11>big issue for voters, is the fact that there was

0:13:11.040 --> 0:13:14.040
<v Speaker 11>a solution, and by all sort of accounts, it was

0:13:14.080 --> 0:13:18.679
<v Speaker 11>everything Republicans had asked for, a really tough bipartisan immigration

0:13:18.840 --> 0:13:23.040
<v Speaker 11>security bill, and they didn't go for it because it

0:13:23.080 --> 0:13:26.439
<v Speaker 11>would have hurt Donald Trump at the ballot in November.

0:13:26.760 --> 0:13:29.560
<v Speaker 11>And that's something Swazi raised over and over again. So

0:13:30.360 --> 0:13:34.080
<v Speaker 11>those factors, I think are things that other Democrats running

0:13:34.080 --> 0:13:37.520
<v Speaker 11>in purple districts can look at and use as they

0:13:37.640 --> 0:13:40.319
<v Speaker 11>try to handle what's going to be a tough issue

0:13:40.320 --> 0:13:42.000
<v Speaker 11>for them going forward in November.

0:13:42.200 --> 0:13:44.320
<v Speaker 3>It was interesting to hear from some voters that we

0:13:44.360 --> 0:13:48.679
<v Speaker 3>spoke to saying or suggesting that they were voting for Swazi,

0:13:48.760 --> 0:13:53.680
<v Speaker 3>not necessarily for him, but against Republicans the idea that

0:13:54.720 --> 0:14:00.000
<v Speaker 3>they could affect abortion rights, that they could undermine democracy

0:13:59.840 --> 0:14:03.079
<v Speaker 3>the way that democratic voters are seeing it. What could

0:14:03.080 --> 0:14:05.760
<v Speaker 3>that say about races going forward into November.

0:14:06.960 --> 0:14:09.160
<v Speaker 11>Yeah, and that was the other thing, is this issue

0:14:09.200 --> 0:14:12.720
<v Speaker 11>of abortion and democracy. You know, there was one debate

0:14:12.880 --> 0:14:16.880
<v Speaker 11>in this campaign, and Mazzi Phillips struggled a bit on

0:14:16.920 --> 0:14:19.840
<v Speaker 11>the issue of abortion. She was pinned down on whether

0:14:19.960 --> 0:14:23.160
<v Speaker 11>she was pro choice. She is clearly personally pro life,

0:14:24.080 --> 0:14:27.040
<v Speaker 11>but she was unable or unwilling to say that she

0:14:27.160 --> 0:14:30.800
<v Speaker 11>disagreed with the decision. And Dobbs she did say that

0:14:31.000 --> 0:14:33.440
<v Speaker 11>it is a woman's choice, but it was hard to

0:14:33.480 --> 0:14:34.520
<v Speaker 11>pin down where.

0:14:34.240 --> 0:14:35.440
<v Speaker 9>She was on that issue.

0:14:35.480 --> 0:14:38.680
<v Speaker 11>And that's something that we've seen in the special elections

0:14:38.680 --> 0:14:42.040
<v Speaker 11>that have occurred since Dobbs across the country has played

0:14:42.080 --> 0:14:45.560
<v Speaker 11>well for Democrats. So between that and concerns about January

0:14:45.600 --> 0:14:49.359
<v Speaker 11>sixth and the future of democracy, it's something that Democrats

0:14:49.400 --> 0:14:51.320
<v Speaker 11>are going to be talking about. And you know who

0:14:51.400 --> 0:14:54.120
<v Speaker 11>wasn't raised a lot in this race was Donald Trump,

0:14:54.560 --> 0:14:57.280
<v Speaker 11>So he didn't become much of an issue, and of

0:14:57.320 --> 0:15:01.040
<v Speaker 11>course neither did Joe Biden, who neither campaigned for Tom swase.

0:15:01.080 --> 0:15:04.680
<v Speaker 9>And who Tom Swasee even called old. So he did.

0:15:04.560 --> 0:15:08.640
<v Speaker 11>Distance himself from the unpopular president, and Donald Trump was

0:15:08.680 --> 0:15:11.240
<v Speaker 11>not as much of a factor, which made this erase

0:15:11.360 --> 0:15:14.600
<v Speaker 11>about what's impacting the people in New York three and

0:15:14.880 --> 0:15:17.440
<v Speaker 11>the voters had a chance to think about that. Of course,

0:15:17.440 --> 0:15:20.040
<v Speaker 11>we also have to say Tom Swasee may have been.

0:15:19.920 --> 0:15:21.280
<v Speaker 9>Helped by the snowstorm.

0:15:21.600 --> 0:15:24.960
<v Speaker 11>Early voting tends to help Democrats in the storm yesterday

0:15:25.240 --> 0:15:27.480
<v Speaker 11>made it hard for Republicans to get out in as

0:15:27.480 --> 0:15:29.360
<v Speaker 11>many numbers as they may have otherwise.

0:15:31.760 --> 0:15:34.840
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