Speaker 1: Good morning.
Speaker 2: I'm Nathan Hager and I'm Garen Moscow. Here are the
Speaker 2: stories we're following today.
Speaker 1: The drop in Nasdaq futures comes after a couple of
Speaker 1: key tech earnings reports after the bell a huge run
Speaker 1: up in a trio of stocks on optimism over artificial intelligence.
Speaker 1: It's turning into investor disappointment this morning. Let's start with
Speaker 1: Google parent Alphabet. Those shares are down more than five
Speaker 1: and a half percent in early trading. Softness in the
Speaker 1: company's core search advertising business is a focus, and we
Speaker 1: get more on that from Bloomberg Technology host ed Ludlow
Speaker 1: in San Francisco.
Speaker 3: One thesis or idea is that maybe the streets concern
Speaker 3: about weakness in the search business is they don't yet
Speaker 3: see tangible evidence that all of the R and D
Speaker 3: and work in generative AI and all of the product
Speaker 3: release is actually doing anything supportive to Google's core business.
Speaker 3: Compare and contrast that with Microsoft, where you see the
Speaker 3: contribution of AI across its kind of legacy and newer
Speaker 3: offerings and software suites. Aed Lovelife for bloombergis in San Francisco.
Speaker 2: All right, ed, thanks, So we're also seeing weakness in
Speaker 2: shares of Microsoft this morning that stock is down about
Speaker 2: one point six percent despite easily beating profit and revenue forecasts,
Speaker 2: and we get the latest from Bloomberg's John Tucker, John
Speaker 2: and Karen.
Speaker 4: Microsoft posted its strongest revenue growth since twenty twenty two,
Speaker 4: sixty two billion dollars. The profit easily beat estimates, coming
Speaker 4: in at two dollars ninety three cents a share. Artificial
Speaker 4: intelligence products are driving spending on cloud computing. Microsoft's as
Speaker 4: Your Cloud Services sales gain thirty percent, But as one
Speaker 4: analyst puts it, the company delivered a healthy set of results,
Speaker 4: but not as strong enough dose to appease the market.
Speaker 4: A loptimism for Microsoft's AI prospects last week cent to
Speaker 4: its market cap above three trillion dollars. John Tucker, Bloomberg Radio.
Speaker 1: All right, John, thanks for also seeing shares of chip
Speaker 1: maker Advanced micro Devices fall nearly seven percent. AMDs stock
Speaker 1: had been one of the favorite picks of investors looking
Speaker 1: for ways to bet on AI computing. The second biggest
Speaker 1: maker of computer processors, gave a week revenue forecast for
Speaker 1: the current period.
Speaker 2: Well, Nathan, while investors diggest earnings, they'll have another huge
Speaker 2: event on the calendar of this afternoon the FED decision
Speaker 2: and more importantly J Powell's news conference, we get more
Speaker 2: from Bloomberg's Michael McKee.
Speaker 5: Will the Fed offer any surprises today? Certainly not on
Speaker 5: interest rates. Fed funds stay in the five and a
Speaker 5: quarter to five and a half percent range, and it
Speaker 5: is likely they will change their tightening bias to something
Speaker 5: more neutral, dropping language about additional policy firming. That will
Speaker 5: put the burden of making news on Chairman J.
Speaker 6: Powell.
Speaker 5: The biggest news he could make would be guidance on
Speaker 5: rake cut timing, which is very unlikely. Finally, with tug
Speaker 5: in cheek, we ask, will Powell say the words soft landing?
Speaker 5: Michael McKee, Bloomberg Radio.
Speaker 2: All right, Mike, thanks and catch our special edition at
Speaker 2: Bloomberg Survey Lence, the Fed decides starting at one thirty
Speaker 2: pm Wall Street time on Bloomberg Radio and television.
Speaker 1: Let's turn to politics. Now, this just crossed the Bloomberg terminal.
Speaker 1: Karen a Brand Bloomberg News Morning Consult poll. It finds
Speaker 1: President Biden continues to trail former President Donald Trump in
Speaker 1: seven swing states. Six in ten voters in those states
Speaker 1: say the president bears responsibility for a surge in migrants
Speaker 1: at the US Mexico border.
Speaker 7: Bloomberg's Amy Morris has the numbers. The monthly survey serves
Speaker 7: as a warning for Biden, who lags Trump forty two
Speaker 7: to forty eight percent across all seven swing states in
Speaker 7: a head to head matchup, But when a third party
Speaker 7: candidate is added, Trump's lead grows by another nine percentage
Speaker 7: points and voter's main concern is the economy by far,
Speaker 7: but now more respondents also call immigration their most important issue.
Speaker 7: The gap between those two issues is narrowing, which suggests
Speaker 7: the Republican efforts to put immigration at the center of
Speaker 7: the campaign are working, and the trust gap is growing
Speaker 7: by a twenty two point margin. Swing state voters say
Speaker 7: they trust Trump over Biden to handle immigration. In Washington,
Speaker 7: Amy Morris Bloomberg Radio, All right, Amy.
Speaker 2: Thank you well. From the White House to Congress, the
Speaker 2: House Homeland Security Committee has voted along party lines to
Speaker 2: move toward in peaching Homelands and Security Secretary Alejandro Majorcis
Speaker 2: over problems at the border. Republican Marjorie Taylor Green has
Speaker 2: been pushing this since last year. The facts and the
Speaker 2: data and the statistics do not lie.
Speaker 7: Secretary Mayorcis is willfully breaking federal immigration laws.
Speaker 2: Congressoman Marjorie Taylor Green spoke from the House floor, and
Speaker 2: Democrats here, Republicans are not providing the resources to enforce
Speaker 2: the law.
Speaker 1: All right, let's turn back to the markets and company news.
Speaker 1: Karen Walmart has announced a three for one stock split,
Speaker 1: and we get the story from Bloomberg's Charlie Pellett.
Speaker 8: The company says a lower price will help more of
Speaker 8: its employees buy shares. CEO Doug McMillan said, quote, Sam
Speaker 8: Walton believed it was important to keep our share price
Speaker 8: in a range where purchasing whole shares rather than fractions,
Speaker 8: was accessible to all of our associates. The world's largest
Speaker 8: retailer has an existing stock purchase program for employees, through
Speaker 8: which they buy stock directly and the company matches fifteen
Speaker 8: percent of the purchase up to eighteen hundred dollars a year.
Speaker 8: In New York, Charlie Bloomberg Radio, All right.
Speaker 2: Charlie, thanks Lelon Muss fifty five billion dollar Tesla pay
Speaker 2: package has been struck down by a Delaware judge following
Speaker 2: a shareholder challenge. If the decision survives appeal, it could
Speaker 2: threaten the entrepreneur's fortune and throw the fate of his
Speaker 2: companies into question. Mus twenty eighteen award was the largest
Speaker 2: compensation package in history. Tesla's board will now need to
Speaker 2: agree on new payment terms for their CEO.
Speaker 1: And Karin and other wealthy executives. In the news, Bloomberg
Speaker 1: News has learned media mogul Byron Allens made a fourteen
Speaker 1: point three billion dollar offer for all outstanding shares of
Speaker 1: Paramount Global. Paramount is one of the crown jewels in
Speaker 1: a global media empire controlled by the Redstone family. Shares
Speaker 1: of Paramount are up nearly twenty one percent in early training.
Speaker 2: And Bloomberg News has learned Carlisle Group co founder David
Speaker 2: Rubinstein and a consortium of investors have agreed to buy
Speaker 2: the Baltimore Orioles baseball team from the Angelos family for
Speaker 2: one point seventy three billion dollars. Time now for a
Speaker 2: look at some of the other stories making news around
Speaker 2: the world, and for that were joined by Bloomberg's Amy
Speaker 2: Morris Samy.
Speaker 1: Good morning, Good morning, Karen.
Speaker 7: Some are calling Israel's secret counter terrorism operation at a
Speaker 7: hospital in the West Bank a potential war crime. Members
Speaker 7: of the Israeli special forces disguised themselves as hospital staff
Speaker 7: to sneak into a hospital room and then shoot three
Speaker 7: Palestinian fighters who Israel says we're planning more attacks. Tofts
Speaker 7: University professor of international law Tom Danenbaum says these kinds
Speaker 7: of tactics are generally out of bounds.
Speaker 9: Even if they were clear targets clearly misusing the hospital,
Speaker 9: it would still be a war crime to present as
Speaker 9: a civilian or a medic to get proximate to them.
Speaker 7: The Palestinian Foreign Ministry posted on social media calling the
Speaker 7: killings heinous and a crime against humanity. Tunnels under Gaza
Speaker 7: are about to be flooded with water by the Israeli
Speaker 7: military to keep the Palestinian militant group of MAAS from
Speaker 7: using the estimated three hundred fifty miles of tunnels that
Speaker 7: they built. The plan has drawn criticism over potential dangers
Speaker 7: to nearly one hundred and thirty hostages still being held,
Speaker 7: and over damage to drinking water and sewage systems. President
Speaker 7: Biden says he has decided how to respond to the
Speaker 7: killing of three US service members and a drone attack
Speaker 7: in Jordan this week, but he also says he doesn't
Speaker 7: want to expand the war in the Middle East. Deputy
Speaker 7: depending on Press Secretary Sabrina Singh, we.
Speaker 10: Don't want to see escalation in the region. We don't
Speaker 10: seek a wider regional war, and that's exactly what the
Speaker 10: President said. However, we're not going to sit back and
Speaker 10: let these attacks go unanswered. We are going to respond.
Speaker 10: That's not escalation, that's proportionate. We believe we have the
Speaker 10: right to respond.
Speaker 7: Iran has now signals it's prepared to hit back against
Speaker 7: any US strike on its soil or assets abroad. The
Speaker 7: largest social media companies are going to face some questions
Speaker 7: today about protecting children online. Bloomberg's Ed Baxter with that story.
Speaker 11: The heads of Meta, Snapchat, discoord X, and TikTok in
Speaker 11: front of the Senate Judiciary Committee. The name of the
Speaker 11: herring is big Tech, the online child sexual exploitation crisis.
Speaker 11: But Senator Richard Bloomenthal says it will get into other
Speaker 11: areas as well.
Speaker 2: We're really interfering with a cash cow that they are
Speaker 2: very reluctant to modify.
Speaker 11: And says it will be uncomfortable.
Speaker 2: They need to be put on the spot.
Speaker 11: And Bloomenthal says a change of the company's priorities at Baxter, Bloomberg.
Speaker 7: Radio well more news coming up, global news twenty four
Speaker 7: hours a day and whenever you want it. With Bloomberg
Speaker 7: News Now, I'm Amy Morris and this is Bloomberg Karen
Speaker 7: gret Amy.
Speaker 2: Thank you. We do bring you news throughout the day
Speaker 2: right here on Bloomberg Radio. But now you can get
Speaker 2: the latest news on demand, and that means whenever you
Speaker 2: want it. Just subscribe to Bloomberg News Now and you
Speaker 2: can get the latest headlines right at the click of
Speaker 2: a button. You can get informed right on your schedule.
Speaker 2: You can listen and subscribe to Bloomberg News Now on
Speaker 2: the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify,
Speaker 2: and anywhere else you get your podcasts. Time now for
Speaker 2: the Bloomberg Sports Update. Here's John Stashauer, John Karen.
Speaker 12: A couple of the big upsets in college basketball. The
Speaker 12: biggest one was in Atlanta. Georgia Tech came in two
Speaker 12: and seven and acc played North Carolina was nine and oho,
Speaker 12: but naighth and George, a freshman for the All Jackets,
Speaker 12: scored with seven seconds left and Georgia Tech stormed the
Speaker 12: court after upsetting North Carolina seventy four to seventy three.
Speaker 12: The Triels are ranked third. Tennessee is ranked fifth. Lost
Speaker 12: at home to South Carolina sixty three fifty nine. Fifth
Speaker 12: straight win for Marquette atop the Big East, winning at
Speaker 12: Villanova eighty five to eighty. Michigan State beat Michigan eighty
Speaker 12: one sixty two. For longtime Spartans coach Tom Izzo, that's
Speaker 12: career winning number seven hundred. He gets it on his
Speaker 12: sixty ninth birthday. Southeast go to twenty two and two
Speaker 12: at home, got thirty points from Jason Tatum, beat Indiana
Speaker 12: one twenty nine, one twenty four. The Warriors top the
Speaker 12: Sixers one nineteen, one oh seven, and Steph Curry went
Speaker 12: for thirty seven made eight three pointers. Joel Embi, who
Speaker 12: had missed a the game's, returned for the Sixers.
Speaker 8: But then had to lead with a knee injury.
Speaker 12: He's headed for an MRI. Ben Johnson, a hot assistant
Speaker 12: in the NFL, spoke with both Seattle and Washington. He
Speaker 12: was considered the favorite to get the commander's job, but
Speaker 12: then he removed himself from consideration. He's only thirty seven
Speaker 12: fields he'll get a job at some point and he's
Speaker 12: decided to stay in Detroit, whereas where he's the offensive coordinator.
Speaker 12: Arthur Smith fired as the coach in Atlanta after three years,
Speaker 12: now taking over the offense in Pittsburgh.
Speaker 1: He used to coach the offense in Tennessee.
Speaker 12: John Stashenewer Bloomberg Sports.
Speaker 6: From coast to coast, from New York to San Francisco,
Speaker 6: Boston to Washington, DC, nationwide on siriusxam, the Bloomberg Business
Speaker 6: app in Bloomberg dot com. This is Bloomberg Daybreak. Good morning,
Speaker 6: I'm Nathan Hager.
Speaker 1: The kickoff of big tech earnings is looking like a
Speaker 1: bit of a disappointment so far for investors. Both Microsoft
Speaker 1: and Google parent Alphabet delivered quarterly results that beat Wall
Speaker 1: Street expectations as a whole, but expectations around artificial intelligence
Speaker 1: might not have hit the bar for both these tech giants.
Speaker 1: Let's bring in Alex Web for more on the tech story.
Speaker 1: Alex covers all things tech for us at Bloomberg. Alex,
Speaker 1: thanks for being here. Is that the story was ai
Speaker 1: price to perfection for these companies.
Speaker 13: Yes, expectations are exceptionally high. Microsoft's trading at thirty six
Speaker 13: times it's forward earnings. That means that in order to
Speaker 13: meet expectations, you really have to beat them, and beat
Speaker 13: them by a generous margin. The irony is that AI
Speaker 13: did provide a six percentage point tailwind to Microsoft. Don't
Speaker 13: forget AI right now is very much a cloud product.
Speaker 13: It's about getting companies to build their AI functionality on
Speaker 13: Microsoft Azure in the case of Microsoft. But some investors
Speaker 13: were saying, actually that six percentage point growth concealed other
Speaker 13: or offset other weakness in that cloud business and was
Speaker 13: one reason weren't too happy about it, and you saw
Speaker 13: a bit of a set off in the shares. There's
Speaker 13: also a little bit of profit taking in these moments
Speaker 13: when you don't see blockbuster numbers coming out. Google enjoyed
Speaker 13: again some boost from AI with its cloud business. It's
Speaker 13: cloud business just posted its first full fiscal year of profits.
Speaker 13: But actually for them it's really about the ads where
Speaker 13: the ads business was a little bit weaker than anticipated.
Speaker 13: That still generates the lion's share of its revenue, and
Speaker 13: of course is providing the cash flow to expand into
Speaker 13: things like AI and of course the cloud.
Speaker 1: So then I guess that would raise the question about
Speaker 1: whether the Google's parent company Alphabet will have the resources
Speaker 1: to kind of play catch up with Microsoft and some
Speaker 1: of the other players in the AI space. Is that
Speaker 1: the concern here.
Speaker 13: Well, it's yeah. I mean, it's just more that there's
Speaker 13: less less money to go around. Really, Google was actually
Speaker 13: in a pretty good place when it comes to AI
Speaker 13: if you think about it, not just in terms of Microsoft,
Speaker 13: but in terms of Amazon. Right Amazon's really the leading
Speaker 13: player in the cloud. If anything, people a little bit
Speaker 13: investors are a little bit worried about what Amazon has
Speaker 13: to offer in the space, and it might be one
Speaker 13: reason why Google is gaining a little bit of ground.
Speaker 13: But it still has, you know, very deep pockets, with
Speaker 13: cash flow of sixty nine billion dollars in the in
Speaker 13: the most recent fiscal year. Of course, investors are always
Speaker 13: going to be concerned about how much of that cash
Speaker 13: flow is going to be reinvested. It looks like there's
Speaker 13: going to be still quite a lot because fundamentally the
Speaker 13: big spending, corporate spending on AI isn't coming through yet.
Speaker 13: They've done a lot of the preparation. The likes of Google, Microsoft,
Speaker 13: and Amazon, they've invested, they're invested in, and they have
Speaker 13: invested in and are investing in data centers with the
Speaker 13: sort of chip sets from Nvidia that will help fuel
Speaker 13: this technology. But the big spending from Fortune five hundred
Speaker 13: companies hasn't really started with Gusta yet.
Speaker 1: Yeah, we've talked about the softness and the core ad
Speaker 1: business for Google. There's softness in Microsoft's stock this morning,
Speaker 1: despite the company delivering its best revenue growth since twenty
Speaker 1: twenty two. What's the issue for Microsoft investors?
Speaker 13: I mean, you do if you see a lot with
Speaker 13: Apple as well, that when they have a quarter that's
Speaker 13: you know, fine and maybe slightly beats expectations, even you
Speaker 13: then see your sell off in the shares because you
Speaker 13: know they've been on such a tear recently and they've
Speaker 13: been you know, tipped it into that that crown or
Speaker 13: now has that crown of being the world's most valuable company.
Speaker 13: So the any sign of a little bit of weakness,
Speaker 13: which is kind of really all you're seeing with Microsoft,
Speaker 13: a little bit of weakness is a reason to do that,
Speaker 13: not the sort. And they've also maybe held back a
Speaker 13: little bit on the bullishness for the forecast for this
Speaker 13: year when it comes to the growth of AI. That's
Speaker 13: from an investor relations perspective, probably quite canny given how
Speaker 13: high investor how high expectations already are. If you can
Speaker 13: temper that a little bit, it gives you more room
Speaker 13: to play with heading into the next fiscal year.
Speaker 1: Well, we got John Alex, I've got to get your
Speaker 1: reaction to this judgment from the Delaware Chancery Court avoiding
Speaker 1: Elon Musk's fifty five billion dollar compensation package. What's your
Speaker 1: take on it.
Speaker 13: It's interesting because you know, a lot of the critics
Speaker 13: of el Musk will say, well, this is the news
Speaker 13: Delaware regulators essentially, or the Delaware system doing its job
Speaker 13: properly and protecting investors. The upshot might actually be that
Speaker 13: investors end up with a little bit less protection if
Speaker 13: he decides to, you know, move the incorporation to somewhere
Speaker 13: like Texas or Nevada where the protections for shareholders are
Speaker 13: perceived as not being quite as stringent. That's what he's
Speaker 13: already done with Twitter or x if you prefer so.
Speaker 13: It looks as though he won't get access to all
Speaker 13: that money. I think it's mostly in the form of
Speaker 13: equity that doesn't necessarily have big, meaningful implications for the
Speaker 13: operations of Tesla. Maybe a little bit around the edges
Speaker 13: for X given the capital requirements at that company and
Speaker 13: for some of the other portfolio companies, but ultimately it's
Speaker 13: really about Musk himself.
Speaker 1: Lots to talk about in the tech space, certainly this morning.
Speaker 1: Thanks for the roundup as we kick off big tech earnings,
Speaker 1: and I'll look ahead toward the end of the week
Speaker 1: to Apple, Amazon and Meta Platform, so I'm sure we'll
Speaker 1: be checking back in with you as well. Alex, thanks
Speaker 1: again for being here. Alex Webb a covering tech for
Speaker 1: us for Bloomberg News. Now let's pivot to politics, because
Speaker 1: we did get a brand new Bloomberg News Morning Consult
Speaker 1: poll of the seven key swing states that could be
Speaker 1: pivotabal to deciding this election, and it raises some interesting
Speaker 1: new issues for some of those voters. Let's bring in
Speaker 1: Bloomberg News national political reporter Gregory Cordy to break down
Speaker 1: what we've learned from this latest iteration of the Bloomberg
Speaker 1: News Morning Consult Swing state poll. What did we find, Gregory, Yeah.
Speaker 14: Well, as we've talked about, this is a race that
Speaker 14: really we haven't had much movement in terms of the cannons,
Speaker 14: in terms of the issue environment, except that this month,
Speaker 14: we are starting to see a shift in what voters
Speaker 14: are concerned about. It's a small shift, but it's perceptible,
Speaker 14: and it's away from the economy and towards immigration as
Speaker 14: an issue. Now, the economy is still far and away
Speaker 14: the number one issue among voters, but as some of
Speaker 14: these economic indicators that we're looking at, and especially inflation,
Speaker 14: starts to ease a little bit, that creates some room
Speaker 14: for voters to worry about some other things. And by
Speaker 14: and Marge, what they're worried about is the crisis at
Speaker 14: the US Mexico border. And of course that's an issue
Speaker 14: that former President Donald Trump does well in with voters.
Speaker 14: By a twenty two point margin, voters say they trust
Speaker 14: Trump over Biden about that on that issue, and by
Speaker 14: about a two to one margin they say they blame
Speaker 14: Biden for what's going on there. So this is not
Speaker 14: this is a shift in the issue environment, but not
Speaker 14: one that necessarily benefits President Biden. And so overall, what
Speaker 14: we're seeing is the race remains with about a six
Speaker 14: point lead by Donald Trump across the seven swing states
Speaker 14: that we're pulling in.
Speaker 1: So does that mean that the former president is widening
Speaker 1: his lead against the current president based on this issue
Speaker 1: that's emerging is more of a concern for voters immigration.
Speaker 14: Months a month, we're seeing about a one point increase
Speaker 14: in Trump's lead, but we should say that that's within
Speaker 14: the margin of errors, so it's not necessarily a perceptible lead.
Speaker 14: But when we see this lead month over month happening,
Speaker 14: and this is also consistent with other public polling out there,
Speaker 14: I think we can pretty much say confidently that President
Speaker 14: Trump is leading in this race both nationally and in
Speaker 14: these swing states are most likely to decide the election.
Speaker 1: What does this poll say about what vote perceive as
Speaker 1: driving the problems at the border.
Speaker 14: Yeah, it's interesting because voters have a pretty sophisticated view
Speaker 14: of this. Actually, they while about sixty percent of them
Speaker 14: blame Joe Biden form, they also understand that there's a
Speaker 14: lot of other geopolitical factors at play here, and so
Speaker 14: corruption in other countries, and the economic environment in Central
Speaker 14: and Latin America, war famine. They understand that all those
Speaker 14: are driving this mass migration of people northward through the
Speaker 14: gap through Mexico into our border. But when they look
Speaker 14: at the domestic political situation, Biden and Democrats get mostly blamey.
Speaker 1: Now this is coming, of course, at a time when
Speaker 1: the Senate is negotiating a border security bill. President Biden
Speaker 1: is trying to move that forward, and House Republicans are
Speaker 1: now moving to impeach Homeland Security Secretary May orgis over
Speaker 1: at the border. How could that potentially shape voter perceptions
Speaker 1: of this issue.
Speaker 14: Yeah, President Biden is very much trying to shift the
Speaker 14: conversation on this by putting forward a proposal to say, hey, look,
Speaker 14: give me the emergency authority, give me the spending uh,
Speaker 14: and I will close the border and we will we
Speaker 14: will address this crisis. Now, we should say that this
Speaker 14: Paul was in the field before some of these latest
Speaker 14: back and forth machinations and negotiations, and so we're we
Speaker 14: just started to see that in this Poul while I
Speaker 14: was in the field where especially Democrats were giving Biden
Speaker 14: credit for making those overtures. Obviously Republicans aren't quite ready
Speaker 14: to give him credit for that yet. But as this
Speaker 14: issue goes.
Speaker 2: On, and.
Speaker 14: Yeah, Biden continues to try to flip the script on
Speaker 14: Republicans because look it's now former President Trump who's trying
Speaker 14: to quash any deal on the border. He says it's
Speaker 14: a no deal on the border is better than a
Speaker 14: bad deal, and it's put Democrats in the position of
Speaker 14: trying to go on the un offensive on the issue.
Speaker 1: In our last thirty seconds here, Greg gree, I know this.
Speaker 1: Pole also asked about former President Donald Trump's legal issues
Speaker 1: as well. What did we find there.
Speaker 14: Yeah, fifty three percent of Slang State voters said they
Speaker 14: would not vote for Trump if he is convicted in
Speaker 14: one of these four criminal cases he's been indicted in. Now,
Speaker 14: of course many of them wouldn't have voted for him
Speaker 14: in the first place, but that is a majority. And
Speaker 14: what that means is even some Republicans say that they
Speaker 14: would no longer support him if he's convicted, and of
Speaker 14: course if he's sent in the prison, even fewer would
Speaker 14: continue to support him. So that's the area of vulnerability
Speaker 14: for President Trump as he goes and tries to navigate
Speaker 14: all of these criminal cases he's facing this year.
Speaker 1: This is Bloomberg Daybreak Today, your morning brief on the
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