Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm Amy Morris. Here
Speaker 2: are the stories we're following today.
Speaker 3: Let's start with politics and results from the special election
Speaker 3: in New York. Tom Swazi and Mozzi Pillup squared off
Speaker 3: in a race for the seat left open by former
Speaker 3: Representative George Santos, and Democrats came out victorious in New
Speaker 3: York's third district. Tom Swazi won the contest with fifty
Speaker 3: four percent of the vote. Bloomberg'slaura Namias says the race
Speaker 3: was viewed as a bellweather for November's election.
Speaker 4: We did talk to some voters out in the district
Speaker 4: who said that they were casting their ballots for Swazi
Speaker 4: because they wanted Democrats to retake control of the House,
Speaker 4: less because of any personal attachment to Tom Swazi than
Speaker 4: because they wanted control of the House of Representatives to
Speaker 4: switch back to Democrats. They were concerned about abortion rights,
Speaker 4: the future of democracy. They were concerned about some of
Speaker 4: the things that had happened during the Trump presidency, and
Speaker 4: about whether or not Democrats could keep democracy afloat.
Speaker 3: Bloomberg's Law Anamius notes Tom Swazi had represented New York's
Speaker 3: third for three terms until George Santos claimed his seat.
Speaker 3: The victory for Democrats narrows Republicans' thin majority in the House.
Speaker 3: The GOP now has just a six member advantage in
Speaker 3: the chamber.
Speaker 2: The special election came on the same day the House
Speaker 2: impeach Tallejandrei. New Yorkis Republicans voted by the narrowest possible
Speaker 2: margin to impeach the Homeland Security Secretary after failing in
Speaker 2: their first attempt last week. House Speaker Mike Johnson announced
Speaker 2: the final tally.
Speaker 5: On this vote, the Yaser two fourteen and the NASER
Speaker 5: two thirteen.
Speaker 6: The resolution is adopted, New.
Speaker 2: Yorcus becomes the second cabinet member in US history to
Speaker 2: be impeached. The first came nearly one hundred and fifty
Speaker 2: years ago. The effort is likely to die in the Senate,
Speaker 2: where a two thirds majority is needed to remove may
Speaker 2: Orcus from office.
Speaker 3: Man staying in Washington, Amy Defense Secretary Lloyd Austin is
Speaker 3: back on the job. He was released from the hospital
Speaker 3: last night. He underwent a procedure for a bladder problem.
Speaker 3: Bloomberg Zed Baxter has the details.
Speaker 5: The doctors at Walter Reed Medical Center say they identified
Speaker 5: what was causing him pain and the bladder issue related
Speaker 5: to his prostate surgery was rectified in a non surgical procedure.
Speaker 5: They say the prognosis from his prostate cancer surgery is
Speaker 5: still good. Pentagon Deputy Press Secretary Sabrina Singh says he
Speaker 5: will participate in the Virtual Ukraine Defense Contact Group because
Speaker 5: of its importance.
Speaker 7: If US support waivers, we know Putin is not going
Speaker 7: to stop in his war in Ukraine.
Speaker 5: Austin is expected to host the meeting today about fifty countries.
Speaker 5: Ed Baxter Bloomberg Radio.
Speaker 2: All right, thank you, Ed. Turning now to the markets.
Speaker 2: We start overseas, where an inflation surprise in the UK
Speaker 2: is giving a boost to British docks. Data show UK
Speaker 2: consumer prizes rose less than expected in January, largely due
Speaker 2: to downward trends in the cost of food and household goods.
Speaker 2: We get more from Bloomberg's Lizzie Burden.
Speaker 7: In London, inflation has unexpectedly held steady at four percent
Speaker 7: when economists thought it would rise. Core inflation was lower
Speaker 7: than economist's thought five point one percent, and even the
Speaker 7: monthly number for inflation came in at zero point six percent,
Speaker 7: so double the expected drop. So I can hear the
Speaker 7: relief from the Bank of England and I can hear
Speaker 7: it on Downing Street as well.
Speaker 2: Bloomberg's Lizzie Burden notes the data has traders moving up
Speaker 2: bets for a rate cut from the Bank of England.
Speaker 2: The pound weakened on the news, currently trading at one
Speaker 2: point two five thirty nine against the dollar.
Speaker 3: And back here in the US, Amy, we are coming
Speaker 3: off a tough day for stocks. The S and P
Speaker 3: five hundred fell one point three percent after hot US
Speaker 3: inflation data pushed back bets for a FED rate cut.
Speaker 3: Now the question is will the sell off continue. Jean
Speaker 3: Bouvaugh is head of black Rock Investment Institute.
Speaker 8: The market is overreacting. That has been the story for
Speaker 8: the last eighteen months. We've seen that in December with
Speaker 8: the shocker FMC massive rally right and now that was overextended.
Speaker 8: I think that's getting corrected as we speak. But I
Speaker 8: think the broader story will be one where in fish
Speaker 8: is going to continue to trend down over the next
Speaker 8: few months.
Speaker 9: We're going to see CODs.
Speaker 3: Jehan Bovana brought black Rock Investment Institute still sees a
Speaker 3: soft landing insight. This morning, US futures are signaling a
Speaker 3: rebound from yesterday's losses.
Speaker 2: Now some stots on the move.
Speaker 5: This morning.
Speaker 2: Shares of Airbnb are down about five percent in early trading.
Speaker 2: Earnings from the company initially came in strong, but Airbnb
Speaker 2: says overall demand is coming down in the current quarter.
Speaker 2: It notes this quarter last year was especially strong thanks
Speaker 2: to revenge travel coming off the pandemic. Now, Airbnb says
Speaker 2: demand is starting to normalize.
Speaker 3: And shares of Lift are living up to their name.
Speaker 3: This morning, amy they're up about fifteen and a half
Speaker 3: percent in the pre market. The right hailing company posted
Speaker 3: earnings in line with estimates and issued a forecast that
Speaker 3: was better than expected. Bloomberg's Charlie Pellett has the details.
Speaker 6: It shows efforts to boost ridership are paying off. The
Speaker 6: company said gross bookings, which represent the total value of
Speaker 6: transactions invoice to writers, will be about three and a
Speaker 6: half to three point six billion dollars in the first
Speaker 6: three months of the year. Analysts we're expecting three point
Speaker 6: four to eight billion on average. Lift has struggled to
Speaker 6: compete with large arrival Uber, and the two have spent
Speaker 6: fiercely to recruit and retain enough drivers to meet demand,
Speaker 6: which has bounced back after a plunge during the pandemic
Speaker 6: in New York. Charlie Pellet Bloomberg Radio.
Speaker 2: Thank you, Charlie. We also have news on the world's
Speaker 2: second richest man. We are learning Jeff Bezo sold another
Speaker 2: two billion dollars of Amazon shares on top of the
Speaker 2: two billion dollars of chares he sold last week. Regulatory
Speaker 2: filings show the sales took place over just four trading days.
Speaker 2: Shares of Amazon are up eleven percent so far this year.
Speaker 3: Now, let's get a look at some of the stories
Speaker 3: making news in New York and around the world with
Speaker 3: Bloomberg'smichael bar Good morning, Michael.
Speaker 10: Good morning, Nathan. The cleanup continues from yesterday snowstorm that
Speaker 10: hit the Tri State area. People have been out shoveling
Speaker 10: heavy snow. The New York City Department of Sanitation Commissioner
Speaker 10: Jessica Tish had a message for residents in a news
Speaker 10: conference last night.
Speaker 1: The temperatures are going to go down below freezing and
Speaker 1: we could have flash freezes on the sidewalks. We want
Speaker 1: those sidewalks safe.
Speaker 10: Audio courtesy of ABC seven New York City schools put
Speaker 10: about a million school kids on remote learning, but there
Speaker 10: were technical issues throughout the day. This woman had trouble
Speaker 10: getting her sons online.
Speaker 11: If you weren't logged into your account by the time
Speaker 11: that they started having problems, you couldn't get in.
Speaker 10: Central Park officially recorded three point two inches of snowfall
Speaker 10: In upstate New York, Warwick got thirteen point four. More
Speaker 10: than three thousand flights were canceled or delayed at Northeast Airports.
Speaker 10: In Brooklyn, a seventy four year old woman died after
Speaker 10: she was struck by falling bricks from a brownstone a
Speaker 10: thirty c A large chunk of the decorative brick facade
Speaker 10: above the entrance door fell from the three story building
Speaker 10: at sixth Avenue and fifty fourth Street. The woman was
Speaker 10: clearing snow from the steps when the facade collapsed. Secretary
Speaker 10: of State Anthony Blincoln says efforts are continuing the free
Speaker 10: Americans detained in Russia. Bloomberg's Nancy Lyons has an update.
Speaker 1: Secretary Blincoln says he's spoken with Paul Wheelan this week.
Speaker 1: He's the former marine who is detained in Russia on
Speaker 1: charges of espionage charges that he and the US deny
Speaker 1: are intensive.
Speaker 5: Efforts to bring Paul home continue every single day, and
Speaker 5: they will until he and Evan Gerskovitch and every other
Speaker 5: American wrongfully detained.
Speaker 6: It's back with their loved ones.
Speaker 1: Avan Gershkovitch is a correspondent for The Wall Street Journal
Speaker 1: who is arrested for spying. Blincoln was speaking on hostage
Speaker 1: diplomacy at the Wilson Center, a think tank for global
Speaker 1: affairs in Washington. Nancy Lyons, Bloomberg, Radio.
Speaker 10: Tesla, and newscarp faced some of the earliest regulatory enforcement
Speaker 10: actions under New York City's closely watch pay transparency law.
Speaker 10: The city alleges the businesses ignored the rec requirement to
Speaker 10: include salary ranges in job ads or posted such wide
Speaker 10: salary bands that they did not qualify as good faith estimates.
Speaker 10: Global News twenty four hours a day and whenever you
Speaker 10: want it with the Bloomberg News Now. I'm Michael Barr.
Speaker 10: This is Bloomberg. Nathan.
Speaker 3: Okay, Michael, thank you. Time out for the Bloomberg Sports update,
Speaker 3: brought to you by Tri State out Here's John stash Out.
Speaker 12: Thanks Nathan. Best team in the NBA was in Brooklyn.
Speaker 12: The Celtics forty two and twelve. They got forty one
Speaker 12: points from Jason Tatum. They beat the Nets one eighteen
Speaker 12: to one.
Speaker 5: Ten.
Speaker 12: Seeing two teams play tonight in Boston, Knicks play tonight
Speaker 12: in Orlando. The Nick injuries continue there without their top
Speaker 12: two centers, their entire starting front court is injured, and
Speaker 12: how Dante Divincenzo's played so well if late has an
Speaker 12: injured hamstring questionable for tonight.
Speaker 6: Nicks come off the.
Speaker 12: Heartbreaker in Houston when the foul that the NBA admits
Speaker 12: should not have been called was called at the end
Speaker 12: of the game. The Knicks app filed the protest, but
Speaker 12: protests can't be upheld based on a miss only the
Speaker 12: misapplication of a rule on the ice Devils with three
Speaker 12: and the third one four to two at Nashville Islanders
Speaker 12: one scoreless of the shootout and lost at home to
Speaker 12: Seattle two to one. Saint John's lost that Providence seventy
Speaker 12: five seventy two. Red Storm have now dropped seven of
Speaker 12: the last nine. They stormed the court at Syracuse after
Speaker 12: an upset win over seventh rank North Carolina. In Fort
Speaker 12: Saint Lucie today, met pitchers and catchers report the big
Speaker 12: met change. A new manager at buckshow Walter Out replaced
Speaker 12: by former Yankee bench coach Carlos Mendoza. Here he was
Speaker 12: at his presser last fall.
Speaker 13: I'm not just creating a new goalship.
Speaker 8: People need to understand that this is a team that
Speaker 8: won one Hungred games nuts Lonigal and they started to
Speaker 8: create something special.
Speaker 13: And I'm coming in to continue to.
Speaker 10: Out to dot Coulture.
Speaker 12: Nets did win one hundred and one games in twenty
Speaker 12: twenty two, but only seventy five wins last season, and
Speaker 12: they were relatively quiet in the offseason. Yankee pitchers and
Speaker 12: catchers report tomorrow and Tampa. A lot of free agents
Speaker 12: have yet to sign, but after the Joorge, Solare did
Speaker 12: sign with the Giants. He had thirty six homers last
Speaker 12: year in Miami. Johns Stanshaward Bloomberg Sports.
Speaker 13: From coast to coast, from New York to San Francisco,
Speaker 13: Boston to Washington, DC, nationwide on Syrias, Exam the Bloomberg
Speaker 13: Business app in Bloomberg dot com. This is Bloomberg Daybreak.
Speaker 3: Good morning, I'm Nathan Hager. The special election results are
Speaker 3: in and the margins and the House are about to
Speaker 3: get even thinner. Democrat Tom Swazi has prevailed over Republican
Speaker 3: Mazi Melissa Phillip in New York's third congressional district and
Speaker 3: the race to move past a disgraced Republican former Congressman
Speaker 3: George Santos. Bloomberg Politics contributor Geenie she Sheenzano joins us
Speaker 3: early this morning after election night in the New York Third.
Speaker 3: But I'm guessing, Genie that you weren't staying up too
Speaker 3: late to watch the results come in. Even with the
Speaker 3: polls pretty tight, it seems like it didn't take a
Speaker 3: whole lot of time for the Associated Press to call
Speaker 3: this race. So what was the decisive factor here for
Speaker 3: Tom Swase?
Speaker 11: You know, I think the decisive factor for Suase was
Speaker 11: there were a few things. Number one is that he
Speaker 11: was able to counter this race in terms of immigration,
Speaker 11: and so much of this race focused on immigration. He
Speaker 11: was able to say to his opponent, and he was
Speaker 11: able to say to Republicans at voters that he is
Speaker 11: a moderate and that he wants to work across the
Speaker 11: aisle to deal with the issue of immigration, which, let's
Speaker 11: face it, for New Yorkers is a very big issue.
Speaker 11: One hundred and seventy thousand migrants in the city now,
Speaker 11: and so he was able to contest that. But the
Speaker 11: other thing he was able to do is he was
Speaker 11: able to say that he is somebody who they know.
Speaker 11: He's a known quality quantity rather for people on Long
Speaker 11: Island and in this New York Third District, And of
Speaker 11: course they are just out of having been served by
Speaker 11: George Santos, and so would they really want to take
Speaker 11: a chance on somebody unknown like Mazi Philip Pillup.
Speaker 9: And of course the answer turned out to be no.
Speaker 11: So he was also helped by the fact that he
Speaker 11: is a known quantity in that district.
Speaker 3: When it comes to the immigration issue, Genie, I mean,
Speaker 3: it's got to resonate differently in a place like New
Speaker 3: York or the New York suburbs, like the Third District,
Speaker 3: that it does in a lot of other districts across
Speaker 3: the country. Right, So can we see this as a
Speaker 3: bell weather for the rest of the country, given how
Speaker 3: immigration might play differently in different parts of the country.
Speaker 11: Yeah, I don't know if we can see it as
Speaker 11: a bell weather, but it does give democrats in districts
Speaker 11: like this, and there are a lot of them across
Speaker 11: the country, a map and a way forward as they
Speaker 11: contest in November, and that is not to shy away
Speaker 11: from this issue. And this was one thing Swazi did
Speaker 11: very well is he did not say, you know, oh,
Speaker 11: I'm going to give this issue to the Republicans.
Speaker 9: He took it on. He said, close the border.
Speaker 11: He said, due to the violence that has occurred in
Speaker 11: New York City at the hands of migrants, they should
Speaker 11: be deported. He said he would have supported that bill
Speaker 11: that came up just the other week in Congress that
Speaker 11: the Republicans shot down. And I think that is a
Speaker 11: big issue for voters, is the fact that there was
Speaker 11: a solution, and by all sort of accounts, it was
Speaker 11: everything Republicans had asked for, a really tough bipartisan immigration
Speaker 11: security bill, and they didn't go for it because it
Speaker 11: would have hurt Donald Trump at the ballot in November.
Speaker 11: And that's something Swazi raised over and over again. So
Speaker 11: those factors, I think are things that other Democrats running
Speaker 11: in purple districts can look at and use as they
Speaker 11: try to handle what's going to be a tough issue
Speaker 11: for them going forward in November.
Speaker 3: It was interesting to hear from some voters that we
Speaker 3: spoke to saying or suggesting that they were voting for Swazi,
Speaker 3: not necessarily for him, but against Republicans the idea that
Speaker 3: they could affect abortion rights, that they could undermine democracy
Speaker 3: the way that democratic voters are seeing it. What could
Speaker 3: that say about races going forward into November.
Speaker 11: Yeah, and that was the other thing, is this issue
Speaker 11: of abortion and democracy. You know, there was one debate
Speaker 11: in this campaign, and Mazzi Phillips struggled a bit on
Speaker 11: the issue of abortion. She was pinned down on whether
Speaker 11: she was pro choice. She is clearly personally pro life,
Speaker 11: but she was unable or unwilling to say that she
Speaker 11: disagreed with the decision. And Dobbs she did say that
Speaker 11: it is a woman's choice, but it was hard to
Speaker 11: pin down where.
Speaker 9: She was on that issue.
Speaker 11: And that's something that we've seen in the special elections
Speaker 11: that have occurred since Dobbs across the country has played
Speaker 11: well for Democrats. So between that and concerns about January
Speaker 11: sixth and the future of democracy, it's something that Democrats
Speaker 11: are going to be talking about. And you know who
Speaker 11: wasn't raised a lot in this race was Donald Trump,
Speaker 11: So he didn't become much of an issue, and of
Speaker 11: course neither did Joe Biden, who neither campaigned for Tom swase.
Speaker 9: And who Tom Swasee even called old. So he did.
Speaker 11: Distance himself from the unpopular president, and Donald Trump was
Speaker 11: not as much of a factor, which made this erase
Speaker 11: about what's impacting the people in New York three and
Speaker 11: the voters had a chance to think about that. Of course,
Speaker 11: we also have to say Tom Swasee may have been.
Speaker 9: Helped by the snowstorm.
Speaker 11: Early voting tends to help Democrats in the storm yesterday
Speaker 11: made it hard for Republicans to get out in as
Speaker 11: many numbers as they may have otherwise.
Speaker 14: This is Bloomberg Daybreak Today, your morning brief on the
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Speaker 6: I'm Nathan Hager.
Speaker 2: And I'm Abe Morris. Join us again tomorrow morning for
Speaker 2: all the news you need to start your day right
Speaker 2: here on Bloomberg Daybreak