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Speaker 1: Buy from the Bloomberg Interact day Burgers Studios. This is

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Speaker 1: Bloomberg day Break for Tuesday, March twenty eighth. Coming up today,

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Speaker 1: another deadly school shooting leads to a renewed plea from

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Speaker 1: President Biden have to do more. Top conviolence. Tension eases

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Speaker 1: in Israel as Benjamin net and Yahoo delays a gland

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Speaker 1: to weaken the judiciary, and bank hearings get underway on

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Speaker 1: the Capitol Hill. Your Jersey has taken over the police

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Speaker 1: department in one major city. Plus North Korea threatens nuclear

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Speaker 1: use at any time as a US aircraft carrier arvives.

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Speaker 1: Michael Barner. More ahead, I'm John Flashed, Aaron Sports, the

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Speaker 1: nixt beat the Rockets, the Islanders beat the Devils, and

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Speaker 1: the latest on the Jets attempt a get Aaron Rodgers.

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Speaker 1: That's all straight ahead on Bloomberg day Break. The business

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Speaker 1: news you need disturn your day in just one fifteen

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Speaker 1: minute podcast, each pointing on Apples, Spotify, The Bloomberg Business

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Speaker 1: Appen everywhere you get your podcasts. Good morning, I'm Nathan

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Speaker 1: Hagar and I'm Cameron Moscow. Here are the stories we're

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Speaker 1: following today. First, we begin with another mass shooting, this

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Speaker 1: time at an elementary school housed in a church. Police

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Speaker 1: in Nashville say a twenty eight year old woman shot

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Speaker 1: and killed three nine year olds and three adults at

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Speaker 1: the Covenant School before police killed her. And now President

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Speaker 1: Biden is renewing his call for an assault weapons ban.

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Speaker 1: We have to do more just top con violence. It's

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Speaker 1: ripping our communities apart, a soul of this nation, ripping

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Speaker 1: it's a very soul of the nation. But President Biden's

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Speaker 1: words are already getting a cold reception from Republicans, including

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Speaker 1: Tennessee Congressman Tim Burchett. The common thread is you've got

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Speaker 1: somebody who's mentally ill and evil, just gets a lot

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Speaker 1: evil in their art, and they're going to do something

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Speaker 1: no matter what. They're gonna do it with a knife,

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Speaker 1: he'll do it with whatever, or a bomb or fertilizer bomb.

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Speaker 1: Republican Tim Burchett of Tennessee. And in the interests of transparency,

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Speaker 1: we should note that Michael Bloomberg, the founder and majority

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Speaker 1: owner of Bloomberg Radio parent company Bloomberg LP, donates to

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Speaker 1: group that support gun control and Nathan. Another major story

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Speaker 1: that we're following involves the unrest in Israel tensions are

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Speaker 1: now easing after Prime Minister Benjamin Netanyah, who said he'll

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Speaker 1: delay a controversial plan to weaken the judiciary again. More

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Speaker 1: from Bloombery Tel Aviv Bureau chief Ethan Brauner, the precipitating

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Speaker 1: event was on a Sunday night when he fired the

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Speaker 1: defense minister. And by firing, you of gallant. This is

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Speaker 1: a guy who has been a nable commander, who's spent

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Speaker 1: his whole life in service to the country, and who

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Speaker 1: got on TV on Saturday night and said, listen, we

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Speaker 1: need to take a break from this. This country is

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Speaker 1: split and our enemies are laughing and taking advantage of it,

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Speaker 1: and I, in the name of national security, ask for

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Speaker 1: a break. And then he was fired twenty four hours later.

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Speaker 1: And I think that most people in this country felt

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Speaker 1: that that was a bad move, and they took to

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Speaker 1: the streets and he ended up having to listen to

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Speaker 1: them and Bloomber's Ethan Brauner and tel Aviv says Natanyah,

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Speaker 1: who is ready to talk with opponents in hopes of

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Speaker 1: reaching a compromise. Well, Karen rolls So. Seeing civil unrest

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Speaker 1: in France in the form of nationwide strikes, French unions

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Speaker 1: are trying to force President Emmanuel McCrone to reverse a

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Speaker 1: decision in acting unpopular pension reforms, and we get more

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Speaker 1: from Bloomberg's Caroline Conan in Paris. The anger in the

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Speaker 1: streets of Paris is still very much there. It is

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Speaker 1: the tenth day of the general strikes since the middle

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Speaker 1: of January, and the unions are hoping to better today

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Speaker 1: than last Thursday, when you heard about one point one

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Speaker 1: million people in the street. Bloomberg's Caroline Conan in Paris

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Speaker 1: says the backlash is centered on a proposal to raise

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Speaker 1: the minimum retirement age by two years to sixty four.

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Speaker 1: Well back here in the US, Nathan, turmoil in the

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Speaker 1: banking sector is in the spotlight. On Capitol Hill, the

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Speaker 1: Senate Banking Committee holds the first of several hearings on

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Speaker 1: the collapse of Silicon Valley Bank. Amy Morris has details

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Speaker 1: from our Bloomberg ninety nine one newsroom in Washington. It

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Speaker 1: will be an open hearing with FDIC Chair Martin Gruenberg,

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Speaker 1: Treasury Undersecretary Nellie Lang, and FED Vice Chair Michael Barr.

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Speaker 1: Terry Haynes is the founder of Pangaea Policy, and he

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Speaker 1: tells Bloomberg Daybreak. Markets want clarity and answers, but they're

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Speaker 1: not going to get those from these hearings. I will say, though,

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Speaker 1: the markets are already starting to see a path here.

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Speaker 1: You know, they see the regionals being relied upon, and

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Speaker 1: they see the means for targeted government support. And he says,

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Speaker 1: don't expect any new bills or regulations to come from

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Speaker 1: these hearings because lawmakers can't even agree on what caused

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Speaker 1: the crisis in Washington. I'm maybe Morris Bloomberg Daybreak, all right, Amy,

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Speaker 1: thank you. The banking turmoil is adding to the debate

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Speaker 1: on when the Fed should start cutting rates, and we

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Speaker 1: get the latest on that Live with Bloomberg's John Tucker.

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Speaker 1: John and ifan Jeff Gunlock has his finger on the

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Speaker 1: pulse of the economy, he says it's clearly weak. The

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Speaker 1: Double Line Capital founder tells CNBC recession will start in

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Speaker 1: a few months. He sees rate cuts this year. Well,

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Speaker 1: he's not the only one wighing in. Philip Jefferson, one

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Speaker 1: of the FED governors, took a much different line in

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Speaker 1: a speech yesterday. He said the inflation fight is going

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Speaker 1: to take some time, and they'll mention anywhere there of

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Speaker 1: rate cuts. Adding to the debate the recent banking turmboil

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Speaker 1: it may act as a de facto rate hike. Live

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Speaker 1: in New York, I'm John Tucker, Bloomberg Daybreak. All Right, John,

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Speaker 1: thanks well. In corporate news this morning, the job cuts

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Speaker 1: have a gun at Disney, and we get the latest

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Speaker 1: live at the Bloomberry. Steve Rappaport, Steve, good morning, Good morning,

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Speaker 1: Karen and Nathan. The purge of seven thousand employees as

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Speaker 1: part of Disney's plan for saving five and a half

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Speaker 1: billion dollars. CEO Bob Eiger, in a memo to employees yesterday,

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Speaker 1: said the first group to go will be notified over

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Speaker 1: the next four days. A second, larger round of cuts

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Speaker 1: will follow next month. Since retaking the rains at Disney,

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Speaker 1: Iger set out to improve the company's financial performance. He

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Speaker 1: also reshaped the structure at Disney's TV and movie businesses,

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Speaker 1: giving more control to creative leaders in those divisions. Live

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Speaker 1: in New York, I'm Steve Rappiport, Bloomberg Daybreak. Okay, Steve,

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Speaker 1: thanks a. Meta Platforms is making more moves affecting its

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Speaker 1: work force. The Wall Street Journal says the Facebook owner

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Speaker 1: plans to lower some bonus payouts and more frequently assess

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Speaker 1: employee performance. Earlier this month, Meta set it planned to

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Speaker 1: lay off about ten thousand employees and eliminate five thousand

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Speaker 1: open rolls, and was on top of eleven thousand job

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Speaker 1: cuts at Meta back in November. It's forty three degrees

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Speaker 1: in New York, Chanceford. Isolated early morning shower, otherwise mostly

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Speaker 1: cloudy in a high year fifty today. Partly cloudy tonight

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Speaker 1: with lows in the upper thirties. Coming out to take

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Speaker 1: a look at some of the other news making headlines

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Speaker 1: in New York and around the world with Bloomberg's Michael Bark.

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Speaker 1: Good morning, Michael, Good morning Nathan. The New York grand

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Speaker 1: Jerry weighing possible criminal charges against former President Trump heard

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Speaker 1: from an important witness. Former publisher of the National Inquirer

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Speaker 1: and a longtime friend of Donald Trump, David Pecker is

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Speaker 1: a key witness in the investigation into the hush money

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Speaker 1: payments Trump mate porn star Stormy Daniels. Surely before the

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Speaker 1: twenty sixteen election, Daniels had attempted to sell her story

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Speaker 1: about having an affair with Trump to The Inquirer instead

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Speaker 1: of buying it Pecker directed her to then Trump lawyer

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Speaker 1: Mike Cohen, who arranged the payoff at the heart of

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Speaker 1: the case. The police department in Patterson, New Jersey, is

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Speaker 1: getting taken over by the state after several controversies. State

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Speaker 1: Attorney General Matt Platkin says there's a crisis of confidence

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Speaker 1: in Patterson. This is the State of New Jersey coming

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Speaker 1: in to provide the support that this community needs, to

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Speaker 1: provide the resources that this community needs. Earlier this month,

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Speaker 1: anti violence activist Naji Seabrooks was fatally shot by Patterson

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Speaker 1: police during a mental health crisis. North Korean leader Kim

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Speaker 1: John Un has called for his nuclear scientists to increase

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Speaker 1: production of weapons grade material to make bombs to put

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Speaker 1: on his increasing range of weapons. North Korea's weapons test

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Speaker 1: and US South Korea military exercises have intensified in a

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Speaker 1: tit for tat cycle. Russia's Defense ministry says Moscow successfully

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Speaker 1: test fired missiles in the Sea of Japan. The ministry

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Speaker 1: set today that two boats launched a simulated missile attack

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Speaker 1: on a mock enemy warship about six miles away. The

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Speaker 1: Mosket Cruise missile is a supersonic anti ship cruise missile

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Speaker 1: that has a conventional and nuclear warhead capacity. The Red

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Speaker 1: Cross says storm recovery in Mississippi is going to take years.

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Speaker 1: More than twenty people were killed and buildings were destroyed,

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Speaker 1: especially in the hard hit town of Rolling Fork. Old

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Speaker 1: Ridge Walker is Rolling Forks mayor and also the funeral director.

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Speaker 1: We got families that are living in with family members

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Speaker 1: who live outside of town. We got groups who are

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Speaker 1: living in hotels, so they're just staying in place until

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Speaker 1: they can get back home. At least fifteen tornadoes hit

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Speaker 1: across the South since Friday. Global News twenty four hours

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Speaker 1: a day, powered by more than twenty seven hundred journalists

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Speaker 1: an analysts in over one hundred twenty countries. I'm Michael Bard.

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Speaker 1: This is Bloomberg Nathan. Thanks Michael tim Out of the

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Speaker 1: Bloomberg Sports Update. For that, we bring in John Stash Howard, John,

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Speaker 1: Good morning. Nathan Nixon. Rockets at the Garden Houston, second

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Speaker 1: worst record in the NBA. So the Knicks did not

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Speaker 1: need Jalen Brunson, he sat out with an injured hand.

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Speaker 1: They also didn't need them because they had Emmanuel Quickly,

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Speaker 1: who in thirty minutes scored forty points. Added nine assists

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Speaker 1: Knicks over the Rockets one thirty seven, one fifteen. They'll

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Speaker 1: host Miami tomorrow at the UBS Arena. Islanders got a

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Speaker 1: pair of goals from the former Devil Kyle Palmary, beat

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Speaker 1: New Jersey five to one. The Rangers sit between the

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Speaker 1: two teams, but with six wins the last seven games,

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Speaker 1: the Rangers have moved within four points to the Devils.

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Speaker 1: As the Rangers played Columbus tonight at the Guarden, NCUBA

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Speaker 1: women's tourney has gone much more according to form than

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Speaker 1: the men. Top seed South Carolina and Virginia Tech both won.

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Speaker 1: They'll join LSU and IOA the final fourth. South Carolina

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Speaker 1: is thirty six, and oh Texas named Rodney Terry men's coach.

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Speaker 1: He had been the interim coach. Yankees' final exhibition game

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Speaker 1: is today. Mets have already wrapped up their great fruitlely

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Speaker 1: they're staying in Florida to open the season Thursday in Miami.

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Speaker 1: NFL owners are meeting in Arizona's A. Giants owner John Marra,

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Speaker 1: having locked up Daniel Jones long term, was asked about

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Speaker 1: sae Quon Barkley, and Mara said he wants Barkley to

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Speaker 1: be a Giant his entire career. As things stand now,

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Speaker 1: he's playing on the franchise Tack Jets GM. Joe Douglas

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Speaker 1: asked where things stand with the Jets acquiring Aaron Rodgers

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Speaker 1: from Green Bay. There's been some some productive conversations, and

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Speaker 1: you know, obviously we're now where we need to be yet,

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Speaker 1: and but I feel like we're in a good place.

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Speaker 1: Douglas added. There's not a ton of urgency as there's

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Speaker 1: no hard deadline of Jets coach Robert Sali said he's

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Speaker 1: confident Rogers will end up a jet did he dash down?

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Speaker 1: Bloomberg Sports Live from coast to coast, from New York

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Speaker 1: to San Francisco, Boston to Washington, d C. Nationwide on

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Speaker 1: Sirius XAM, the Bloomberg Business app, and Bloomberg dot Com.

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Speaker 1: This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. Yet

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Speaker 1: another mass shooting in this country is leading to yet

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Speaker 1: more calls for action from the White House. The latest

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Speaker 1: scene of tragedy as a private Christian school in Nashville, Tennessee.

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Speaker 1: President Biden says it is the latest sign of the

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Speaker 1: danger from easy access to guns. A shooter in this

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Speaker 1: situation reporter, we had two assault weapons in a pistol

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Speaker 1: to a Katy seven. So I call on Congress again

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Speaker 1: to pass my assault weapons ban. It's about time that

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Speaker 1: we began to make some more progress. When that was

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Speaker 1: President Biden at the White House yesterday following the shooting

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Speaker 1: at the Covenants School in Nashville. This morning, we're joined

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Speaker 1: live by Greg Valier, chief US policy strategist at AGF Investments. Greg,

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Speaker 1: good morning. You can almost hear the resignation in President

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Speaker 1: Biden's voices. He makes that call once again for action

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Speaker 1: on assault weapons. Where does the debate stand in Washington

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Speaker 1: when it comes to gun policy in this country? Well,

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Speaker 1: I wish I could tell you, Nathan that things are

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Speaker 1: looking more upbeat to get some serious gun legislation, but

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Speaker 1: they're not. I don't see happening. I think the House is,

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Speaker 1: as you know, more conservative with Kevin McCarthy as the speaker.

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Speaker 1: I don't see the House agreeing to anything on gun.

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Speaker 1: So once again, a horrible incident in a lot of

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Speaker 1: hot air, but no real action. I know we've seen

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Speaker 1: mass shootings at elementary schools before, obviously the Sandy Hook shooting,

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Speaker 1: and now this time at a religious school. In Nashville, Tennessee.

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Speaker 1: I wonder whether it makes a difference the setting of

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Speaker 1: these types of tragedies where they occur, and whether that

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Speaker 1: could shift the debate in some way. I don't think so.

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Speaker 1: I mean, there's been you know, the Sandy Hook was

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Speaker 1: New England. We had a horrible massacre in Texas a

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Speaker 1: year or so ago. It seems to be endemic across

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Speaker 1: the country. And I just don't see the votes there.

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Speaker 1: I mean, I'm basically follow economic legislation, and my mantra

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Speaker 1: is always do they have the votes? It applies here

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Speaker 1: as well. They don't have the votes for any meaningful

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Speaker 1: gun control. And it seems like we hear the same

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Speaker 1: lines of debate over and over again. When these types

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Speaker 1: of things happen. For Democrats, they call for more controls

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Speaker 1: on access to firearms. For Republicans, it seems as though

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Speaker 1: the debate centers around mental health, that sort of thing.

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Speaker 1: Why do you think it is that the positions on

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Speaker 1: this debate have become so entrenched. Well, it's the packs,

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Speaker 1: the political action committees that influenced so much legislation. It's

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Speaker 1: a fear I think the part of many members of

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Speaker 1: Congress that if they voted for tough gun control, they

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Speaker 1: would lose their next election, and sadly they would rather

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Speaker 1: win their next election than do anything. We did have

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Speaker 1: the Bipartisan Safer Communities Act past last year. President Biden

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Speaker 1: has signed executive orders since then as well. I mean,

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Speaker 1: is that as far as it goes at this point?

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Speaker 1: Greg Oh, I think so. It's a miracle we got that.

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Speaker 1: That was a tough fight, but getting anything more aggressive

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Speaker 1: right now, to me is quite unlikely. Well, what do

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Speaker 1: you think would have to change to move the debate

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Speaker 1: one way or the other? I mean, is there any

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Speaker 1: glimmer of light that could come forth from this? Not

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Speaker 1: that I can see. I mean, I suppose if there's

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Speaker 1: a real upsurge in gun violence that could even more

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Speaker 1: than we have now, that that could maybe sways some voters.

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Speaker 1: But I don't barring that, I don't think that the

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Speaker 1: voters in Congress are persuadable. Now we are waiting for

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Speaker 1: a President Biden to kick off something of a campaign

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Speaker 1: later today focused on his economic accomplishments. He's heading down

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Speaker 1: to North Carolina later on today. I wonder whether this

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Speaker 1: latest incident is going to overshadow this plan that the

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Speaker 1: President and his cabinet have over the next few weeks

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Speaker 1: to sort of blitz the country touting their economic accomplishments

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Speaker 1: ahead of what we're expecting to be a reelection announcement

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Speaker 1: from the President. Great. Yeah, I think Nathan, that we're

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Speaker 1: going to see the President go all out in the

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Speaker 1: next few weeks talking about his economic agenda. But at

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Speaker 1: the same time, there's going to be hearings on Capitol

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Speaker 1: Hill about how the Federal Reserve could be so lax

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Speaker 1: in their regulation and their supervision. So I think the

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Speaker 1: message from Biden will have some positive response, but you know,

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Speaker 1: there's still an awful lot that voters are concerned about,

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Speaker 1: starting with inflation. This is Bloomberg Daybreak Today, your morning

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Speaker 1: brief on the stories making news from Wall Street to

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Speaker 1: Washington and beyond. Look for us on your podcast feed

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Speaker 1: live each morning starting at five am Wall Street time

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Speaker 1: on Bloomberg eleven three zero in New York, Bloomberg ninety

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Speaker 1: nine one in Washington, Bloomberg one oh six one in Boston,

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Speaker 1: New York station, is also available on your Amazon Alexa devices.

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Speaker 1: I'm Nathan Hager and I'm Karen Moscow. Join us again

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Speaker 1: your day right here on Bloomberg Daybreak