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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow.

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Speaker 3: Here are the stories we're following today.

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Speaker 2: Karen, we begin in Washington, where President Trump continues to

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Speaker 2: push for broader control of the federal government. The President

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Speaker 2: pushed his agenda in a speech last night to the

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Speaker 2: Republican Governors Association to.

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Speaker 4: Protect American workers and bring billions of dollars into our treasury.

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Speaker 5: We we're in the process.

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Speaker 4: Of opposing reciprocal tariffs on any nation that tries to

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Speaker 4: cheat us or still our jobs.

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Speaker 2: The President told the governors they would do better in

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Speaker 2: upcoming midterm elections if they embrace his agenda. Republicans currently

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Speaker 2: have slim majorities in both the House and Senate. President

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Speaker 2: Trump also threatened to cut funds to Maine if that

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Speaker 2: state allows transgender people to play women's sports.

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Speaker 4: Is anybody here from Maine, ah who is a.

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Speaker 6: Said the governor.

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Speaker 4: That's well, I hate to tell you this, but we're

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Speaker 4: not going to give many federal money. They are still

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Speaker 4: saying that we want men to play in women's sports,

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Speaker 4: and I cannot believe that they're doing that.

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Speaker 2: President Trump's comments came after a Republican lawmaker and main

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Speaker 2: posted a photo of a female high school athlete who

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Speaker 2: she said was transgender. That picture has been shared widely

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Speaker 2: and picked up by conservative media.

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Speaker 3: Meanwhile, Nathan the President continues to make rapid moves to

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Speaker 3: reshape the federal government. According to The Washington Post, the

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Speaker 3: President is planning an executive order this week to fire

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Speaker 3: the board at the US Postal Service and fold the

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Speaker 3: agency into the Commerce Department and Secretary Howard Lutnik. The

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Speaker 3: report says the board is prepared to sue if the

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Speaker 3: President threatens its independence. Bloomberg News meanwhile has learned a

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Speaker 3: staffer with Elon Musk's Department of Government Efficiency who has

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Speaker 3: fired over racist social media posts, is now back at

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Speaker 3: the Social Security Administration. Marco Ellas had received support from Trump,

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Speaker 3: Musk and Vice President JD. Vance, and thousands of IRS

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Speaker 3: employees reported to working yesterday expecting an email telling them

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Speaker 3: they were being placed on leave, but a technical glitch

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Speaker 3: kept many of those emails from arriving. Those workers are

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Speaker 3: getting paper copies of their termination letters instead.

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Speaker 2: Karen now I turned to the latest on the war

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Speaker 2: in Ukraine. The US s has sanctions on Russia are

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Speaker 2: on the negotiating table and talks to end the war.

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Speaker 2: Treasury Secretary Scott Besson says the White House is prepared

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Speaker 2: to either ramp up or ease penalties on Moscow as

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Speaker 2: negotiations progress. He also continued the administration's criticism of Ukraine's

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Speaker 2: President Vladimir Zlenski.

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Speaker 7: I think President Vilensky unfortunately escalated and has put some

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Speaker 7: daylight between the escalator that a lot of his remarks

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Speaker 7: in Munich I thought were inappropriate. President Zelenski, when I

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Speaker 7: met with him, assured me that he'd be the signing

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Speaker 7: the minerals deal Inmmune.

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Speaker 6: He has not.

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Speaker 2: Treasury Secretary Beset spoke with Anne Marie Hordern there on

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Speaker 2: Bloomberg's surveillance. America's change in tone on Ukraine has affected

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Speaker 2: talks among the Group of Seven nations. Countries are struggling

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Speaker 2: to agree on a draft community marking three years since

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Speaker 2: Russia's invasion. The US is objecting to references to Russia's

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Speaker 2: war of aggression.

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Speaker 3: Well in the Middle East, Nathan Israel's military says Hamas

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Speaker 3: has violated the Gaza ceasefire deal by handing over an

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Speaker 3: anonymous body instead of one of the hostages. The IDF

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Speaker 3: said the remains they were given were not those of

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Speaker 3: Shiri Bibas, who has captured alongside her two sons. In

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Speaker 3: the October seventh the TEXX. Here's Israeli Prime Minister Benjamin Atanya,

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Speaker 3: who's speaking through an interpreter.

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Speaker 1: We will work with determination to bring Shiry home together

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Speaker 1: with all the hostages, both living and dead, and ensure

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Speaker 1: that Tamas pays the full price for this cruel and

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Speaker 1: malicious violation of the agreement.

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Speaker 3: Israeli Prime Minister Benjamin Atinnyahu Ojamas is due to free

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Speaker 3: six living hostages tomorrow, accelerating the original plan of a

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Speaker 3: staggered return across two weeks.

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Speaker 2: Well I returned to the US Karen to get the

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Speaker 2: latest on the political future of New York City Mayor

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Speaker 2: Eric Adams. Governor Kathy Hulkel is not removing him from

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Speaker 2: office for now. We get more from Bloomberg's Ed Coleggi

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Speaker 2: in Manhattan.

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Speaker 8: Governor Hulkel made her announcement Thursday afternoon.

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Speaker 9: After careful consideration, I have determined that I will not

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Speaker 9: commence removal proceedings at this time. My strong belief is

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Speaker 9: that the will of the voters and the supremacy and

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Speaker 9: sanctity of democratic elections preclude.

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Speaker 5: Me from any other action.

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Speaker 8: Calls for Adams to leave office intensified after a top

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Speaker 8: official at President Trump's Justice Department directed federal prosecutors in

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Speaker 8: Manhattan to drop their pending bribery case against the mayor.

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Speaker 8: Critics say the directive was a quid pro quo in

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Speaker 8: exchange for the Mayor's assistance in helping facilitate Trump's crackdown

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Speaker 8: on migrants. At Kleeggi Bloomberg.

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Speaker 3: Radio, all right and thank you what We turned to

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Speaker 3: the markets now and futures are a little changed. Following

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Speaker 3: yesterday's losses on Wall Street, the down dropped one percent

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Speaker 3: this morning. Stocks in Asia are leading gains. Hong Kong's

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Speaker 3: Hang Saying index jumped four percent and stocks in China

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Speaker 3: gained one and a quarter percent on the back of

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Speaker 3: strong earnings from Ali Baba.

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Speaker 2: One stock with big gains in Asia this morning karen

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Speaker 2: Is Nissan. Those shares are driving higher by nine and

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Speaker 2: a half percent this morning. The Financial Times is reporting

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Speaker 2: a high level Japanese group has drawn up plans to

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Speaker 2: seek investment from Elon Musk's Tesla. The paper says the

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Speaker 2: group thinks the electric vehicle maker is interested in acquiring

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Speaker 2: Nissan's plants in the US.

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Speaker 3: Well on Wall Street. Nathan City Group is changing course

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Speaker 3: on its DEI goals, and we get that story with

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Speaker 3: Bloomberry's Charlie Pellett.

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Speaker 5: It cites pressure from the Trump administration. In a memo

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Speaker 5: to staff from CEO Jane Fraser seen by Bloomberg News,

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Speaker 5: the bank will no longer have quote aspirational representation goals

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Speaker 5: except as required by local law, and it will abandon

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Speaker 5: a polse for diverse and candidates and interview panels. It

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Speaker 5: will also rename its Diversity, Equity and Inclusion and Talent

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Speaker 5: Management team to Talent Management and Engagement in New York.

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Speaker 5: Charlie Pellett, Bloomberg Radio.

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Speaker 2: All right, Charlie, thank you. Meanwhile, Coca Cola is warning

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Speaker 2: of potential negative impacts from DEI changes. The soft drink

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Speaker 2: giant says policies that could lead to a less diverse

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Speaker 2: global workforce pose a potential risk to its business going forward.

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Speaker 2: Rival PepsiCo, which is also a federal contractor, has joined

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Speaker 2: a number of other companies in dropping DEI programs. That

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Speaker 2: includes cutting staff, representation targets and expanding its supplier diversity program.

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Speaker 3: It's time now for a look at some of the

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Speaker 3: other stories making news in New York and around the world,

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Speaker 3: and for that we're joined by Bloomberg's John Tunker. John,

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Speaker 3: Good morning, and.

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Speaker 10: Good morning, Karen. New Poll numbers are out on the

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Speaker 10: Trump presidency. Washington Post IPSOS poll has Trump's approval rating

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Speaker 10: at forty five percent. Fifty three percent of Americans disapproving.

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Speaker 10: Fifty seven percent say the president has exceeded his authority

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Speaker 10: since taking office. The Senate has narrowly confirmed Cash Battel

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Speaker 10: to lead the FBI.

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Speaker 11: The yea's are fifty one, the nays are forty nine.

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Speaker 5: The confirmation is confirmed.

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Speaker 10: Senator Susan Collins of Maine and Lisa Murkowski of Alaska

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Speaker 10: were the two Republicans to vote no, in a split

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Speaker 10: that otherwise fell along party lines. Mattilla's found to steer

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Speaker 10: the MPI toward its traditional crime fighting role. Critics are

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Speaker 10: concerned they'll use the role to seek political retribution. On

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Speaker 10: his eighty third birthday, GOP Senator Mitch McConnell of Kentucky,

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Speaker 10: the former majority leader, confirmed he'll not seek re election.

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Speaker 10: Representing our Commonwealth has been the honor of a lifetime.

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Speaker 10: McConnell was the longest serving Senate Party leader in American history.

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Speaker 10: When he relinquished his leadership post at the start of

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Speaker 10: the year, his tradition brand of conservatism was overtaken by

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Speaker 10: Donald Trump's populism. Elon muss recommends taking the International Space

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Speaker 10: Station out of orbit. He wants to do it within

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Speaker 10: two years instead of the current five year target. Musk

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Speaker 10: argues on social media that the ISS has served its purpose.

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Speaker 10: Dozens of major news organizations, including some conservative outlets, urging

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Speaker 10: the Trump administration to stop blocking the Associated Press from

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Speaker 10: press events. The White House has said it's blocking reporters

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Speaker 10: from the news service because the outlet refers to the

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Speaker 10: Gulf of Mexico in its articles, rather than the Gulf

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Speaker 10: of America, as decreed by President Trump. Global News twenty

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Speaker 10: four hours a day and whenever you want it with

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Speaker 10: Bloomberg News Now. I'm John Tucker, and this is Bloomberg Karen.

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Speaker 3: All right, John, thank you time now for the Bloomberg

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Speaker 3: Sports outdate, brought to you by Tri State Audi. Here's

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Speaker 3: Dan Schwarzman.

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Speaker 12: Dan, good morning, Good morning, Kenon Nathan, And if you

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Speaker 12: stayed up late, you saw Canada to take home the

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Speaker 12: winning overtime knocking off the US in the final of

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Speaker 12: the Four Nations Face Off tournament in Boston, as Oilers

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Speaker 12: star Conny McDavid wins it for Canada.

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Speaker 6: Verry P mcd stars.

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Speaker 3: David. Who's that for?

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Speaker 12: That's courtis CVSPN. The game was a seesaw battle through

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Speaker 12: the first two periods. Canada had taken an early one

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Speaker 12: nothing lead before the US tied it up late in

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Speaker 12: that first period to send the game into the first intermission.

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Speaker 12: Tied it one, the US then taking the lead seven

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Speaker 12: minutes into the second period, before Canada scored seven minutes

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Speaker 12: later to tie the game up at two. After no

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Speaker 12: goals were scored in the third period, McDavid winning it

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Speaker 12: in thrilling fashion. McDavid afterwards talking about the significance of

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Speaker 12: the win.

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Speaker 6: Obviously, it means lots of our group.

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Speaker 13: You know, I think a lot of people were wondering

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Speaker 13: if you know what this tournament would mean to guys,

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Speaker 13: and obviously.

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Speaker 6: You can see what it means to everyone on our side.

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Speaker 7: It was, yeah, really exciting.

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Speaker 12: That's Connor McDavid. Thirty five years. Major League Baseball and

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Speaker 12: ESPN are ending their broadcast relationship. At the end of

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Speaker 12: the twenty twenty five season, ESPN had scaled down its

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Speaker 12: baseball coverage in the last contract to just thirty games

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Speaker 12: this year, as well as the Wildcard round of the

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Speaker 12: playoffs and the All Star Home Run Derby in ten

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Speaker 12: preseason games. The San Antonio Spurs have shut down big

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Speaker 12: man Victor Wembanyama for the rest of the season due

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Speaker 12: to deep vein thrombosis in his right shoulder. The team

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Speaker 12: is optimistic that the twenty one year old will make

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Speaker 12: a full recovery in time for next year. Seven time

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Speaker 12: First Team All Pro guard Zach Martin and the Dallas

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Speaker 12: Cowboys announcing his retirement from the game. The nine time

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Speaker 12: pro bowler only accumulated seven accepted holding penalties in his

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Speaker 12: entire career. That's your Bloomberg Sports Update. I'm Dan Schwartzman,

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Speaker 12: Karen and Nathan.

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Speaker 1: Coast to Coast on Bloomberg Radio nationwide on Serious Exam

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business app.

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Speaker 6: This is Bloomberg Daybreak.

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Speaker 5: Good morning.

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Speaker 2: I'm Nathan Hager. Israel Is expressed outrage after Hamas returned

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Speaker 2: the bodies of four hostages taken in the October seventh attack.

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Speaker 2: Prime Minister Benjamin Netanyaho is leading the national mourning cold Bite.

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Speaker 11: Sam Today, every home in Israel bows its head, We

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Speaker 11: bow our heads over the heavy loss of four of

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Speaker 11: our hostages. We all feel pain mixed with rage. We

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Speaker 11: are all outraged at the Hamas monsters.

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Speaker 2: Prime Minister Natan Yaho spoke there through an interpreter, and

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Speaker 2: now Israel is saying one of those victims Hamas says

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Speaker 2: it returned yesterday, thirty three year old mother, Shiri Beeboss,

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Speaker 2: was not actually her, and Neta Yaho is calling that

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Speaker 2: a cruel and malicious violation of the ceasefire. Joining us

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Speaker 2: now from Tel Aviv is Bloomberg News Israel Bureau Chief

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Speaker 2: Ethan Bronner, and Ethan, I know that Sheri Beboss and

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Speaker 2: her two little boys are becoming almost a national symbol

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Speaker 2: in Israel. To find out that the little boys were

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Speaker 2: returned but their mother was not, it is really difficult

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Speaker 2: to imagine what the what the feeling is in Israel

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Speaker 2: right now.

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Speaker 6: Good morning, good morning. You're right.

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Speaker 13: There's something else worth insisting on right up front too.

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Speaker 13: It's not just what the little boys were returned, but

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Speaker 13: that they actually have been murdered in captivity based on forensics.

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Speaker 13: That's what the Israelis have discovered, as did the eighty

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Speaker 13: three year old.

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Speaker 6: Oh did liftshit?

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Speaker 13: So we were in this rather ghoulish ceremony yesterday w

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Speaker 13: they returned the foreign coffins with big posters, insisting that

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Speaker 13: they had all been murdered by Israeli war plagues in

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Speaker 13: an attack and they were now kindly returning them.

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Speaker 6: It turned out that they're not returning all of them.

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Speaker 13: The mother is not there and the other three were

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Speaker 13: killed by them in captivity.

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Speaker 6: So it's very very angry Israel today.

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Speaker 14: You're absolutely right, So what does this mean going forward?

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Speaker 14: Were in the later stages of a first phase of

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Speaker 14: a cease fire. President Trump has talked about letting all

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Speaker 14: help break out. If all the hostages aren't returned soon,

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Speaker 14: it must feel like things are on a real precipice here.

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Speaker 6: They do they do? There is in theory?

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Speaker 13: Well we have so tomorrow's Saturday, there do six more

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Speaker 13: living hostages or do out in exchange for several hundred

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Speaker 13: Palestinian prisoners will be released.

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Speaker 6: That seems likely to go forward.

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Speaker 13: I think the Israelis are going to make an effort

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Speaker 13: to get a few more living hostages out, But I

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Speaker 13: think you're right that the likelihood of there being an

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Speaker 13: actual permanencies far is very low at the moment.

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Speaker 6: In theory. These negotiations are starting next week.

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Speaker 2: In terms of the negotiations, where do they stand right

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Speaker 2: now and what is the Israeli military doing. Are they

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Speaker 2: preparing to go back into Gaza.

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Speaker 13: They are, They've movedchs near the border, and they've also

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Speaker 13: started fairly intense activities in the northern part of the

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Speaker 13: world West Bank, because there were also bus bombs that

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Speaker 13: went off that didn't kill anyone but just by luck

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Speaker 13: south of Tel Aviv, in the towns of Batyam and Falone,

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Speaker 13: And so there is a general sense, I would say,

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Speaker 13: in the Israeli government that it's very important that they

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Speaker 13: take a very tough line against all Palaestitian militantism.

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Speaker 6: Now.

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Speaker 13: At the same time, we have in the Arab world

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Speaker 13: a desire to try to come up with a plan

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Speaker 13: to rebuild Gaza and preserve the possibility of a Palestinian state.

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Speaker 6: So I think there's very strong conflict.

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Speaker 13: Underway because Israel does not want to see a Palestinian state.

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Speaker 13: And I don't know where the Trump administration will come

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Speaker 13: out on that, but it's a little hard to imagine

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Speaker 13: that the two very distinct goals, Israel's desire to end

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Speaker 13: any palis Citian sovereignty and the West of the region's

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Speaker 13: desire to preserve.

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Speaker 6: It is going to end.

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Speaker 2: Well, it's difficult to they're being much support on the

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Speaker 2: US side for the possibility of a Palestinian state. When

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Speaker 2: President Trump has talked about the US taking over gas

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Speaker 2: and redeveloping it, is that something that's still under consideration.

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Speaker 2: Where does that factor in when it comes to what's

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Speaker 2: been going on with the hostage exchanges. We've only got

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Speaker 2: about a minute left, sure, So I.

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Speaker 6: Mean, I don't know. I think there's always a.

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Speaker 13: Great mystery around what the Trump administration wants to do

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Speaker 13: and the gap between.

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Speaker 6: What it says and that it says the next day.

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Speaker 6: So I don't know.

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Speaker 13: It doesn't feel I think Trump administration is particularly interested

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Speaker 13: in Palestinian state. On the other hand, the Saladies don't

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Speaker 13: want to move forward with the normalization unless there is

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Speaker 13: a Palestinian state on the horizon, and that normalization does

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Speaker 13: seem important to the Americans. And so that's why there's

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Speaker 13: still some lack of clarity about.

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Speaker 6: Where we're headed.

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Speaker 13: But I would agree with you if I had to bet,

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Speaker 13: they probably side with the Israeli government against a Palestinian state.

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