Speaker 1: Bloomberg Audio Studios, podcasts, Radio News.
Speaker 2: Good morning.
Speaker 3: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 3: stories we're following today.
Speaker 2: Karen, we begin with what appears to be a major
Speaker 2: security breach within President Trump's inner circle. A prominent Washington journalist,
Speaker 2: Atlantic Editor in chief Jeffrey Goldberg, says he was included
Speaker 2: in a high level text thread about plans to bomb
Speaker 2: Hoo they targets in Yemen hours before the operation was
Speaker 2: carried out. Goldberg wrote a thirty five hundred word piece
Speaker 2: about it in the Atlantic and discussed it with ABC News.
Speaker 4: I get a message request to connect with Mike Waltz,
Speaker 4: who's a national security advisor or someone who's purporting to
Speaker 4: be Mike Waltz. Not an unusual thing in Washington. I'm
Speaker 4: a journalist. I've met him in the past, so I
Speaker 4: accept it.
Speaker 2: Jeffrey Goldberg says the chat on signal included operational details
Speaker 2: from Defense Secretary Pete Hegseth, including information about targets, weapons,
Speaker 2: and attack sequencing. It also revealed some of the Trump
Speaker 2: administration's internal power dynamics. At one point, Vice President JD.
Speaker 2: Vance signaled he opposed the strikes, only to be shot
Speaker 2: down by an account labeled sm Apparently White House Deputy
Speaker 2: Chief of Staff Stephen Miller.
Speaker 3: Well Nathan the White House National Security Council says the
Speaker 3: text chain appears authentic and they're reviewing how an inadvertent
Speaker 3: phone number was added to the signaled chat. Defense Secretary
Speaker 3: Pete Hegseth says national security was not put at risk.
Speaker 2: I've heard it was characterized nobody was texting war plans,
Speaker 2: and that's all I have to say about that.
Speaker 3: Defense Secretary Hegseeth spoke to reporters in Hawaii, and the
Speaker 3: White House says President Trump has utmost confidence in his team,
Speaker 3: including National Security Director Mike Walls. But the breach has
Speaker 3: Democrats in Congress calling for hearings, including Colorado's Jason Crowe.
Speaker 4: The House Intelligence Committee has our Worldwide Threats hearing on Wednesday,
Speaker 4: and you bet there's gonna be a lot of questions
Speaker 4: about this.
Speaker 2: Well, it still remains to be seen what will actually
Speaker 2: happen in Congress. If anything, we get more on that
Speaker 2: from Bloomberg New Senior editor Derek Wallbank on.
Speaker 5: The political side, is going to put Congressional Republicans in
Speaker 5: one world of a mind, because they have so far
Speaker 5: in the second Trump administration not had any appetite really
Speaker 5: at all to try and check the White House, as
Speaker 5: the White House has gone about doing exactly what it wants. Remember,
Speaker 5: Republicans have unfettered control of Washington just about and all
Speaker 5: of the Congressional committees that would lead potential investigations into
Speaker 5: something of this nature are run by Republicans. At the
Speaker 5: same time Democrats are braying for consequences, they see an
Speaker 5: opportunity to move on to the front foot politically after
Speaker 5: being really on the back foot for the entirety of
Speaker 5: this administration to date.
Speaker 2: Bloomberg's Derek Wallbank notes even harmless leaks and other agencies
Speaker 2: have led to investigations in the FBI or from Inspectors
Speaker 2: General Nathan.
Speaker 3: Futures are lower after yesterday's big gains on Wall Street.
Speaker 3: Stocks registered one of their best sessions of the year,
Speaker 3: with the Nasdaq one hundred adding two point two percent.
Speaker 3: Amid signs US trade sanctions will be narrower than feared,
Speaker 3: President Trump also hinted that he may give some countries
Speaker 3: a break on impending reciprocal tariffs. We may take less
Speaker 3: than what they're charging because they've charged us so much, I.
Speaker 6: Don't think they could take it.
Speaker 4: In other words, they've charged us so much that I'm
Speaker 4: embarrassed to charge them what they've charged us.
Speaker 5: But it'll be substantial and you'll be hearing about that.
Speaker 3: On April second, intermarkser here on Bloomberg, Trump did say
Speaker 3: he will announce tariffs on automobile imports in the coming days.
Speaker 2: Now, the latest stun efforts to end the war Ukraine,
Speaker 2: karen Us and Russian officials held twelve hours of talks
Speaker 2: in Saudi Arabia yesterday, and the two sides are expected
Speaker 2: to release a statement detailing their progress. Ukraine's President Vladimir
Speaker 2: Zelenski says strong measures will be needed to keep Russia
Speaker 2: on the path of peace.
Speaker 7: We need a movement towards real peace, towards guaranteed security,
Speaker 7: and we all need this in Ukraine and Europe and America,
Speaker 7: everyone in the world who wants peace and international relations.
Speaker 7: Russia is the only entity that is dragging out this
Speaker 7: war and mocking our people and the whole world. And
Speaker 7: to pressure Russia towards peace, strong things, strong steps are needed.
Speaker 2: It was Ukraine's President vladimir's Alenski, speaking through an interpreter.
Speaker 2: Zelenski and President Trump still have not signed a pact
Speaker 2: to give the US part ownership of Ukraine's natural resources.
Speaker 3: Well, we turned to the economy now, Nathan, and the
Speaker 3: head of the Atlanta FED, Rafael Bostick tells Bloomberg's Michael
Speaker 3: McKee that he sees just one rate cuttage likely this
Speaker 3: year rather than cho with tariff's impeding progress on disinflation.
Speaker 8: So I was a too. I moved to one mainly
Speaker 8: because I think we're going to see inflation be very
Speaker 8: bumpy and not moved dramatically and in a clear way
Speaker 8: to the two percent target, because that's being pushed back.
Speaker 8: I think the appropriate path for policy is also going
Speaker 8: to have to be pushed back and getting us to
Speaker 8: that neutral level.
Speaker 3: And Atlanta FED chief Rafael Bosstik now sees price growth
Speaker 3: returning to the Fed's two percent goal one point in
Speaker 3: early twenty twenty seven. Here the full conversation on the
Speaker 3: Bloomberg Talks podcast feed, or watch it on the Bloomberg
Speaker 3: Podcast page on YouTube.
Speaker 2: In company news, Karen Bowing reportedly wants to withdraw its
Speaker 2: deal with US prosecutors to plead guilty to misleading regulators
Speaker 2: prior to two deadly seven thirty seven Max crashes. The
Speaker 2: Wall Street Journal is reporting the Planemaker is pursuing the
Speaker 2: maneuver in a bid for potential leniency from the Trump administration,
Speaker 2: which is reviewing pending white collar criminal cases on.
Speaker 3: The battle for electric vehicle supremacy. Nathan and China's b
Speaker 3: whyd's sales last year leapfrogging elon Musk. Tesla BYD's sales
Speaker 3: last year surpassed the one hundred billion dollar mark, beating
Speaker 3: Tesla by more than two billion. Still, ARC Investment Management's
Speaker 3: Kathy Wood remains bullish on Tesla. She spoke with The
Speaker 3: Bloomberg at the HSBC Global Investment Summit in Hong Kong.
Speaker 9: Within that Drogo taxis will account for ninety percent of
Speaker 9: the value of the company in five years, and we're
Speaker 9: on record on record saying we believe in in five
Speaker 9: years the stock will hit twenty six hundred dollars.
Speaker 3: If Tesla hits Kathy Wood stock price, that would be
Speaker 3: about ten times more than its current price. And it's
Speaker 3: time now for a look at some of the other
Speaker 3: stories making news in New York and around the world,
Speaker 3: and for that we're joined by Bloomberg's Michael Barr Michael,
Speaker 3: good Morning.
Speaker 10: Good morning, Karen. The Trump administration is challenging the court
Speaker 10: order by a federal judge that aimed to halt the
Speaker 10: deportation of Venezuelan migrants to El Salvador. Yesterday, a DC
Speaker 10: Circuit Court of Appeals heard their case. Judge James Boseberg's
Speaker 10: order was not followed by Trump administration officials, and hundreds
Speaker 10: of migrants are at a prison in El Salvador. The
Speaker 10: Trump administration claimed it was justified to porting the migrants
Speaker 10: because of gang affiliations. During the hearing, one of the
Speaker 10: judges on the three judge panel, Patricia Millet Grill DOJ
Speaker 10: Deputy Assistant Attorney General, drew insane.
Speaker 6: People weren't given notice, they weren't told where they were going.
Speaker 6: They were given Those people on those plans on that
Speaker 6: Saturday had no opportunity to file habeas or any type
Speaker 6: of action to challenge the removal under the AEA. And
Speaker 6: like you've agreed that two of those airplanes people were
Speaker 6: removed under the AEA.
Speaker 10: Judge Millard went on to say Nazi's got better treatment
Speaker 10: under the Alien Enemies Act. The United Nations says it
Speaker 10: will lessen its presence in the Gaza strip. The move
Speaker 10: following an Israeli tank strike that hit one of its
Speaker 10: compounds last week, killing one stafford from Bulgaria and wounding
Speaker 10: five other employees. United Nations spokesperson Stefan du Jark.
Speaker 11: The Secretary General has taken the difficult decision to reduce
Speaker 11: the United Nations footprint in Gaza, even as humanitarian needs
Speaker 11: sore and our concerned over the protection of civilians intensifies.
Speaker 10: Meanwhile, Al Jazeera says an Israeli airstrike killed on its
Speaker 10: journalist in Gaza. Monday today marks Equal Payday. It symbolizes
Speaker 10: how far into the year a woman must work to
Speaker 10: earn as much as a man earned in the previous year.
Speaker 10: On average, the wage gap is even greater for women
Speaker 10: of color and disabled women. The gender justice nonprofit Equal
Speaker 10: Rights Advocates says that it's widened last year, and it
Speaker 10: warns that it could get even worse as Trump administration
Speaker 10: officials try to strip away protections from workplace discrimination. National
Speaker 10: campaign director Deborah of Agents, we.
Speaker 3: Are pushing back on the administration's gutting of civil rights
Speaker 3: enforcement agencies, the very agencies that protect us from implant Discrimination.
Speaker 10: National Campaign Director Deborah Veagan says women earn about seventy
Speaker 10: five cents on the dollar when compared to all men.
Speaker 10: Global news twenty four hours a day and whenever you
Speaker 10: want it with Bloomberg News Now Michael Barr, and this
Speaker 10: is Bloomberg.
Speaker 5: Karen.
Speaker 3: All right, Michael Barr, thank you time now for the
Speaker 3: Bloomberg Sports Update, brought to you by Tri State Outie.
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Speaker 12: Morning, Good morning Caring. It's a race to the finish
Speaker 12: of the NHL regular season for the last playoff spot
Speaker 12: in the East. As it now it belongs to Montreal,
Speaker 12: with the Rangers and Islanders right behind. Canadians at seventy
Speaker 12: five points have a game tonight in Saint Louis. The
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Speaker 12: They hosted Columbus at leeds of two nothing to three
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Speaker 12: Dallas one twenty to one oh one. The MAVs are
Speaker 12: at the Garden tonight to face the Knicks, who are
Speaker 12: hoping to get Jalen Brunson back soon for the sprained ankle,
Speaker 12: and the Celtics win at Sacramento, Jason Tatum sprained his
Speaker 12: ankle the NCAA Women's turning the star player for top
Speaker 12: seed at usc Juju Watkins tore her acl She averages
Speaker 12: twenty five points a game. The Yukon Star page. Becker's
Speaker 12: t had a career I thirty four points in the
Speaker 12: huskies easy win. The Mets after a game with the
Speaker 12: Yankees in Fort Saint Lucy, now off to Houston for
Speaker 12: Opening Day Thursday. One Sodo's got a fifteen year Mets contract,
Speaker 12: Excited to start his first season.
Speaker 1: See, we have a really tied the group.
Speaker 7: We have a lot of guys.
Speaker 4: We have a lot of hotfielders, we have a lot
Speaker 4: of anfielders.
Speaker 3: So I think we are.
Speaker 10: Really loaded as a team.
Speaker 1: Can't waiting to see these guys that is going out there.
Speaker 7: Definitely, we have to go through some fat cities and
Speaker 7: the spring training and so dealing with some injuries and
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Speaker 12: The Yankees finished the Spring Today in Miami, then come
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Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 2: Good morning. I'm Nathan Hager, and the White House appears
Speaker 2: to be in damage control after Atlantic Magazine Editor in
Speaker 2: chief jeff Free Goldberg posted a lengthy story saying he
Speaker 2: was included in a high level text chain about plans
Speaker 2: to attack the Houthis in Yemen. While the Whitehouse says
Speaker 2: the messages in Goldberg's story of pure authentic, Defense Secretary
Speaker 2: Pete Hegseth says, quote, nobody was texting war plans.
Speaker 13: This is the guy the pedals in garbage. What he does.
Speaker 2: I would love to comment on the hoothy campaign, and
Speaker 2: that was Defense Secretary Pete Hegseth commenting in Hawaii after
Speaker 2: this story broke in Washington, and we're joined now by
Speaker 2: Bloomberg New Senior editor Bill Ferries. Bill from what Jeffrey
Speaker 2: Goldberg is reporting in this lengthy story on the Atlantic
Speaker 2: website it is difficult to say if we have seen
Speaker 2: a breach like this before.
Speaker 13: Good morning, Hey, good morning, Nathan.
Speaker 10: Yeah.
Speaker 13: Really just jaw dropping story there from Jeffrey Goldberg, just
Speaker 13: you know, giving insights into how this signal group was
Speaker 13: created and what they were discussing, not realizing that there
Speaker 13: was a journalist invited into the group with them, and
Speaker 13: Goldberg talks about how he wasn't sure if this was
Speaker 13: you know, a hoax and attempt at fishing temp against
Speaker 13: him or something else until he's sitting in the parking
Speaker 13: lot after hearing that strikes are about to be unleashed
Speaker 13: on Yemen and he's waiting and waiting, and then goes
Speaker 13: on to Twitter to see the first reports confirming that
Speaker 13: basically everything he'd been seeing unspool on his signal app
Speaker 13: was true. So really shocking breach of security norms and
Speaker 13: also a huge embarrassment for an administration that has really
Speaker 13: kind of campaigned and tried to well. I was taken
Speaker 13: pride in what it says is it's you know, strong,
Speaker 13: strong position against security breaches.
Speaker 2: I mean yeah, I mean it goes into the idea
Speaker 2: that the Pentagon has said it was going to go
Speaker 2: after leakers the last time there was I mean, there
Speaker 2: wasn't an incident like this. But when details about Elon
Speaker 2: Musk going to the Pentagon a meeting came out, Defense
Speaker 2: Secretary heg Seth came out and said that they were
Speaker 2: going to really go after the leakers. I mean, what
Speaker 2: could that mean for this message?
Speaker 13: Well, it's gonna you know, I think we're still going
Speaker 13: to see the repercussions playing out, you know again, Yeah,
Speaker 13: this administration. You know, this is a president who faced
Speaker 13: charges of mishandling classified material at mar A Lago, who
Speaker 13: ran against Hillary Clinton years ago partly on criticism of
Speaker 13: her decision to use a private server. So it's been
Speaker 13: a part of their DNA to say that they're strong
Speaker 13: on classification and protecting national security. And to see this
Speaker 13: happen with not just senior aids but really the most
Speaker 13: senior aides and Marco Rubio is on their Defense Secretary
Speaker 13: Pete heg Seth, Toulci Gabbard, the d and I it's
Speaker 13: just really stunning, and I think it raises a lot
Speaker 13: of big questions about has this happened before with other
Speaker 13: people who were inadvertently invited into chat group? Why are
Speaker 13: they discussing such sensitive information in a chat app like Signal.
Speaker 13: I don't think it's any secret that Washington officials like
Speaker 13: to use messaging apps, but you typically do it for
Speaker 13: scheduling meetings and other kind of not top secret issues.
Speaker 13: To go into battle plans is something really we haven't
Speaker 13: seen before.
Speaker 2: In the early moments here, Bill, we've seen sort of
Speaker 2: circling the wagons around National Security Advisor Mike Waltz, who
Speaker 2: Goldberg says invited him into this chat. But can we
Speaker 2: see heads roll over this, or at least can we
Speaker 2: see hearings over this?
Speaker 13: I think for sure we're going to see hearings. I mean,
Speaker 13: just by a remarkable stroke of timing. You know, you
Speaker 13: have the heads of the intelligence agencies, including D and
Speaker 13: I Gabbert expected up on the Hill twice this week
Speaker 13: to talk about worldwide threats. But you're right, I think
Speaker 13: there's gonna be a lot of questions about Mike Waltz.
Speaker 13: I think the indications we're getting from the White House
Speaker 13: is that they're going to see how this plays out.
Speaker 13: He's already lasted longer than Donald Trump's first national security
Speaker 13: advisor in his first term, Michael Flynn lasted but This
Speaker 13: is a huge breach by the person who's seen as
Speaker 13: supposed to be really the arbiter of the national security
Speaker 13: agencies for the White House.
Speaker 2: Just thirty seconds left. Bill, What could this mean for
Speaker 2: information sharing among allies?
Speaker 13: Yeah, I think it's going to raise a lot of
Speaker 13: questions among other countries about what they can share and
Speaker 13: with the US whether they can trust it. But the
Speaker 13: reality is other countries, even a European allies, they rely
Speaker 13: a lot more on US intelligence than the US relies
Speaker 13: on them. So it will probably still be in their
Speaker 13: benefit to share info, but I think it's going to
Speaker 13: raise some questions about how much they share.
Speaker 3: This is Bloomberg Daybreak, your morning podcast on the stories
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Speaker 7: Ray