WEBVTT - NYC Mayor Eric Adams Indicted; Lebanon Truce Plan Proposal

0:00:02.480 --> 0:00:06.800
<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

0:00:09.720 --> 0:00:10.280
<v Speaker 2>Good Morning.

0:00:10.320 --> 0:00:13.119
<v Speaker 1>I'm Nathan Hager and I'm Karen Moscow. Here are the

0:00:13.160 --> 0:00:14.640
<v Speaker 1>stories we're following today.

0:00:14.840 --> 0:00:17.560
<v Speaker 2>Karen, we begin with a developing story. Overnight. New York

0:00:17.600 --> 0:00:21.239
<v Speaker 2>City Mayor Eric Adams has been indicted following a federal

0:00:21.239 --> 0:00:25.360
<v Speaker 2>corruption investigation. We get the very latest with Bloomberg's John Tucker.

0:00:25.400 --> 0:00:26.560
<v Speaker 2>Good Morning, John, Nathan.

0:00:26.920 --> 0:00:31.280
<v Speaker 3>Weeks of searches, subpoenas, and resignations of top officials pushed

0:00:31.320 --> 0:00:34.560
<v Speaker 3>New York City's government into crisis and now a bidder.

0:00:34.680 --> 0:00:37.680
<v Speaker 3>Mayor Eric Adams released a video statement last night.

0:00:38.120 --> 0:00:41.000
<v Speaker 4>I always knew that if I stood my ground for

0:00:41.080 --> 0:00:44.159
<v Speaker 4>all of you, that I would be a target, and

0:00:44.280 --> 0:00:49.519
<v Speaker 4>a target I became. For months, leaks and rumors have

0:00:49.640 --> 0:00:52.440
<v Speaker 4>been aimed at me in an attempt to undermine my

0:00:52.520 --> 0:00:55.000
<v Speaker 4>credibility and paint me as guilty.

0:00:55.440 --> 0:00:58.600
<v Speaker 3>The indictment so far is sealed. We don't yet know

0:00:58.680 --> 0:01:01.600
<v Speaker 3>what the federal criminal chreeses are or when the mayor

0:01:01.680 --> 0:01:04.280
<v Speaker 3>is likely to appear in court. The mayor and some

0:01:04.319 --> 0:01:07.200
<v Speaker 3>of his senior administration officials have been the subject of

0:01:07.240 --> 0:01:10.760
<v Speaker 3>at least four different federal investigations that we know about.

0:01:11.160 --> 0:01:13.840
<v Speaker 3>Two of which we learned about just this month. This

0:01:13.920 --> 0:01:16.680
<v Speaker 3>could be related to any one. A probe that become

0:01:17.200 --> 0:01:20.000
<v Speaker 3>became public in November of last year appeared to be

0:01:20.040 --> 0:01:24.240
<v Speaker 3>centering on potential campaign finance violations. Authorities have been looking

0:01:24.319 --> 0:01:26.440
<v Speaker 3>at the conduct of people close to him, including the

0:01:26.560 --> 0:01:30.000
<v Speaker 3>now former Police Commissioner Edward Cobban, who stemped down just

0:01:30.040 --> 0:01:32.399
<v Speaker 3>a couple of weeks after his phone was seized by

0:01:32.400 --> 0:01:35.959
<v Speaker 3>federal agents that in connection with a potential scheme involving

0:01:36.000 --> 0:01:39.640
<v Speaker 3>his twin brother. Adams is vowing to remain in office,

0:01:39.720 --> 0:01:43.880
<v Speaker 3>despite calls for his immediate resignation from fellow Democrats in

0:01:43.959 --> 0:01:46.959
<v Speaker 3>New York Income John Tucker Bloomberg Radio, all.

0:01:46.920 --> 0:01:49.680
<v Speaker 1>Right, John, thank you. While the indictment of Adams, just

0:01:49.720 --> 0:01:52.000
<v Speaker 1>the second black mayor in the city's more than four

0:01:52.080 --> 0:01:55.520
<v Speaker 1>hundred year history, is a remarkable turn for a former

0:01:55.560 --> 0:01:58.240
<v Speaker 1>police captain who beat a crowded field to win the

0:01:58.280 --> 0:02:01.800
<v Speaker 1>New York City mayor's race into a running on a

0:02:01.920 --> 0:02:05.240
<v Speaker 1>law and order platform that pledged to make city government

0:02:05.320 --> 0:02:08.399
<v Speaker 1>work better. Bloomberg'slawer to mea SA has been looking into

0:02:08.400 --> 0:02:08.920
<v Speaker 1>the probes.

0:02:09.360 --> 0:02:12.760
<v Speaker 5>The earliest investigation that we became aware of was a

0:02:12.800 --> 0:02:15.840
<v Speaker 5>probe that sort of burst into public view in November

0:02:15.880 --> 0:02:19.959
<v Speaker 5>of last year. That appeared to be centering on potential

0:02:19.960 --> 0:02:24.000
<v Speaker 5>campaign finance violations in the mayor's twenty twenty one campaign,

0:02:24.040 --> 0:02:27.280
<v Speaker 5>the campaign that got him elected mayor, and whether or

0:02:27.320 --> 0:02:31.280
<v Speaker 5>not there was some interaction with the Government of Turkey

0:02:31.680 --> 0:02:36.519
<v Speaker 5>potential straw donor scheme. But two other investigations seemed to

0:02:36.560 --> 0:02:39.360
<v Speaker 5>be underway. It's not clear if those actually are looking

0:02:39.400 --> 0:02:42.400
<v Speaker 5>at the mayor's conducts specifically, but they do seem to

0:02:42.400 --> 0:02:44.400
<v Speaker 5>be looking at the conduct of people who are incredibly

0:02:44.400 --> 0:02:45.119
<v Speaker 5>close to him.

0:02:45.320 --> 0:02:48.200
<v Speaker 1>Bloomberg's lawer to Mea says that Adams could be removed

0:02:48.200 --> 0:02:51.640
<v Speaker 1>from office by Governor Kathy Hugel upon formal charges, with

0:02:51.720 --> 0:02:54.640
<v Speaker 1>a chance to defend himself, and can be suspended for

0:02:54.760 --> 0:02:56.679
<v Speaker 1>up to thirty days during the process.

0:02:56.880 --> 0:02:59.400
<v Speaker 2>Karen, We've also had fast moving developments in the Middle East.

0:02:59.440 --> 0:03:02.720
<v Speaker 2>Israel continues to go after Hesballa targets in Lebanon, even

0:03:02.760 --> 0:03:05.760
<v Speaker 2>as the US and Allies proposed a three week ceasefire.

0:03:05.840 --> 0:03:09.920
<v Speaker 2>President Biden and French President Emanuel Macrome presented the proposal

0:03:10.160 --> 0:03:13.000
<v Speaker 2>to allow for negotiations so people in northern Israel and

0:03:13.080 --> 0:03:16.520
<v Speaker 2>southern Lebanon can return to their homes. Israel's UN ambassador

0:03:16.600 --> 0:03:18.960
<v Speaker 2>Danny Denone says that's what he'd like to see.

0:03:19.040 --> 0:03:22.400
<v Speaker 6>What happened either after the war all before.

0:03:23.000 --> 0:03:25.840
<v Speaker 2>We hope it will be before bud. Bloomberg's Paul Wallace

0:03:25.880 --> 0:03:28.600
<v Speaker 2>reports it's not clear whether Hesboela will accept the offer.

0:03:29.000 --> 0:03:29.680
<v Speaker 7>One thing that I.

0:03:29.600 --> 0:03:32.400
<v Speaker 8>Think is quickly is that something will have to be

0:03:32.480 --> 0:03:37.600
<v Speaker 8>given to Heswell, some kind of political concession to allow

0:03:37.640 --> 0:03:40.880
<v Speaker 8>it to save face, because it's quite difficult to see

0:03:40.920 --> 0:03:44.880
<v Speaker 8>as well are agreeing to move back its forces from

0:03:44.920 --> 0:03:48.800
<v Speaker 8>the Israeli border and to stop firing on Israel and

0:03:48.960 --> 0:03:51.240
<v Speaker 8>Esse it gets something in return.

0:03:51.360 --> 0:03:54.280
<v Speaker 2>Bloomberg's Paul Wallace in Dubai. This week's air strikes have

0:03:54.360 --> 0:03:57.360
<v Speaker 2>left more than six hundred dead, including at least fifty children.

0:03:57.440 --> 0:04:00.720
<v Speaker 2>Hesbel has responded with hundreds of rocket attacks, including one

0:04:00.800 --> 0:04:02.640
<v Speaker 2>aimed for the first time at Tel Aviv.

0:04:03.200 --> 0:04:06.040
<v Speaker 1>Well Nathan. The US has announced a new weapons package

0:04:06.080 --> 0:04:09.280
<v Speaker 1>for Ukraine, where three hundred and seventy five million dollars

0:04:09.320 --> 0:04:13.160
<v Speaker 1>the assistants. Coincides with a visit by Ukrainian President Vladimir

0:04:13.240 --> 0:04:16.719
<v Speaker 1>Zelenski to the US this week. Meantime, former President Donald

0:04:16.760 --> 0:04:20.120
<v Speaker 1>Trump lashed out at the Biden administration and Zelenski for

0:04:20.200 --> 0:04:22.240
<v Speaker 1>refusing to make a deal with Russia.

0:04:22.360 --> 0:04:24.360
<v Speaker 9>A deal could have been made if we had a

0:04:24.400 --> 0:04:26.920
<v Speaker 9>competent president instead of a president that.

0:04:26.960 --> 0:04:27.719
<v Speaker 4>Egged it all on.

0:04:28.440 --> 0:04:33.719
<v Speaker 9>And Biden and Kamala allowed this to happen by feeding

0:04:33.839 --> 0:04:40.400
<v Speaker 9>Zelenski money and munitions like no country has ever seen before.

0:04:40.480 --> 0:04:43.200
<v Speaker 9>Every time he came to our country, he'd walk away

0:04:43.240 --> 0:04:47.559
<v Speaker 9>with sixty billion dollars. It's probably the greatest salesman on Earth.

0:04:48.120 --> 0:04:50.680
<v Speaker 1>In another development, Trump is planning to return to the

0:04:50.760 --> 0:04:54.120
<v Speaker 1>site of the first assassination attempt on his life. Trump

0:04:54.160 --> 0:04:57.240
<v Speaker 1>will hold a rally at the Fairgrounds in Butler, Pennsylvania,

0:04:57.320 --> 0:05:00.600
<v Speaker 1>on October fifth, exactly one month before election day.

0:05:00.800 --> 0:05:04.400
<v Speaker 2>Mccar and Vice President Kamala Harris was in Pennsylvania yesterday

0:05:04.480 --> 0:05:07.560
<v Speaker 2>laying out her vision for what she calls an opportunity economy.

0:05:07.560 --> 0:05:09.960
<v Speaker 2>In a speech to the Economic Club of Pittsburgh, the

0:05:10.000 --> 0:05:13.039
<v Speaker 2>Democratic presidential nominee promised to be an ally to both

0:05:13.080 --> 0:05:15.520
<v Speaker 2>corporate executives and the people who work for them.

0:05:15.640 --> 0:05:17.360
<v Speaker 7>Well, I'm a capitalist.

0:05:18.120 --> 0:05:20.880
<v Speaker 2>I believe in free and fair markets.

0:05:24.360 --> 0:05:29.560
<v Speaker 10>I believe inconsistent and transparent rules of the road to

0:05:29.680 --> 0:05:32.359
<v Speaker 10>create a stable business environment.

0:05:32.560 --> 0:05:35.520
<v Speaker 2>Vice President Harris's campaign also released an eighty two page

0:05:35.560 --> 0:05:38.599
<v Speaker 2>policy blueprint. After her speech, she also gave her first

0:05:38.640 --> 0:05:42.080
<v Speaker 2>solo interview as a candidate to MSNBC, saying she'll visit

0:05:42.080 --> 0:05:44.960
<v Speaker 2>the US Mexico border tomorrow and making another pitch for

0:05:45.000 --> 0:05:48.120
<v Speaker 2>the bipartisan immigration bill that stalled in Congress this year.

0:05:48.440 --> 0:05:52.240
<v Speaker 11>My pledge is it, when elected president, if the American

0:05:52.279 --> 0:05:55.680
<v Speaker 11>people will have me, I will bring that bill back

0:05:55.680 --> 0:05:57.080
<v Speaker 11>and I will sign it into law.

0:05:57.240 --> 0:06:00.680
<v Speaker 2>Kamala Harris also defended her opposition to nipon Stiel's takeover

0:06:00.720 --> 0:06:03.760
<v Speaker 2>of US steal. She says keeping steel production American owned

0:06:03.800 --> 0:06:06.320
<v Speaker 2>is more important than the potential job losses if the

0:06:06.360 --> 0:06:07.240
<v Speaker 2>deal falls through.

0:06:07.760 --> 0:06:10.839
<v Speaker 1>Well, Nathan, The latest campaign incomes as Congress adverts a

0:06:10.880 --> 0:06:14.600
<v Speaker 1>government shutdown. It passed a short term a federal funding

0:06:14.640 --> 0:06:17.160
<v Speaker 1>bill We get more with Bloomberg's Ed Baxter in.

0:06:17.120 --> 0:06:19.839
<v Speaker 10>The House Speaker Mike Johnson relied on Democratic votes to

0:06:19.839 --> 0:06:23.039
<v Speaker 10>move it through an expedited process that limited Florida bate

0:06:23.080 --> 0:06:24.719
<v Speaker 10>but required a two thirds vote.

0:06:24.720 --> 0:06:27.240
<v Speaker 12>This is not the House's fault, It's the Senate's fault.

0:06:27.240 --> 0:06:30.279
<v Speaker 12>They passed not a single Appropriations bill, So there was

0:06:30.320 --> 0:06:32.480
<v Speaker 12>nothing for the two chambers to negotiate in the end,

0:06:32.920 --> 0:06:35.000
<v Speaker 12>and there was no agreement on the top line spending number.

0:06:35.160 --> 0:06:37.719
<v Speaker 10>So as you hear, the animosity between House and Senate

0:06:37.760 --> 0:06:40.719
<v Speaker 10>will continue and they'll go at it again in December.

0:06:41.120 --> 0:06:43.960
<v Speaker 10>The White House has issued a statement thanking the bodies

0:06:44.240 --> 0:06:48.160
<v Speaker 10>and saying it will work with them. Ad Baxter, Bloomberg Radio.

0:06:48.240 --> 0:06:51.279
<v Speaker 2>Thanks ed turning. The market's futures are higher on Wall Street,

0:06:51.279 --> 0:06:54.359
<v Speaker 2>fueling the gains Micron Technology. Those shares are up nearly

0:06:54.440 --> 0:06:58.039
<v Speaker 2>sixteen percent. The largest US maker of computer memory chips,

0:06:58.040 --> 0:07:01.039
<v Speaker 2>gave a surprisingly strong revenue pretty for the current period,

0:07:01.320 --> 0:07:03.800
<v Speaker 2>helped by demand for artificial intelligence gear.

0:07:04.480 --> 0:07:07.040
<v Speaker 1>Well, Nathan, we're also seeing big gains for stocks in Asia.

0:07:07.080 --> 0:07:09.440
<v Speaker 1>Over night, stocks in China and Hong Kong rose more

0:07:09.480 --> 0:07:13.000
<v Speaker 1>than four percent. China'stop leaders ramped up urgent efforts to

0:07:13.040 --> 0:07:16.960
<v Speaker 1>revive growth with pledges to support fiscals spending and stabilize

0:07:16.960 --> 0:07:18.760
<v Speaker 1>the beleaguer property sector.

0:07:19.080 --> 0:07:21.960
<v Speaker 2>Karen, this is a Bloomberg exclusive. Open AI is talking

0:07:21.960 --> 0:07:24.920
<v Speaker 2>about giving CEO Sam Alten a seven percent equity stake

0:07:24.960 --> 0:07:28.120
<v Speaker 2>in the company and restructuring to become a for profit business.

0:07:28.360 --> 0:07:31.160
<v Speaker 2>This would mark the first time Sam Altman's granted ownership

0:07:31.160 --> 0:07:33.920
<v Speaker 2>in the AI startup source to say, open aies mauling

0:07:34.000 --> 0:07:37.960
<v Speaker 2>these changes against the backdrop of an exodus of senior managers.

0:07:41.600 --> 0:07:43.080
<v Speaker 1>Honest time Now for a look at some of the

0:07:43.080 --> 0:07:45.880
<v Speaker 1>other stories making news in New York and around the world.

0:07:45.960 --> 0:07:48.240
<v Speaker 1>And for that we're joined by Bloomberg's Michael Barr.

0:07:48.280 --> 0:07:49.600
<v Speaker 2>Michael, Good morning, Good.

0:07:49.400 --> 0:07:53.600
<v Speaker 13>Morning, Karen. Hurricane Aleen continues to strengthen as it heads

0:07:53.720 --> 0:07:57.000
<v Speaker 13>toward the Big Bend area of Florida's Gulf Coast. Florida

0:07:57.080 --> 0:08:01.080
<v Speaker 13>Governor Rond Desanta says on top of the winds, forecasts

0:08:01.120 --> 0:08:04.400
<v Speaker 13>say the storm surge threatens to be unsurvivable.

0:08:04.600 --> 0:08:07.800
<v Speaker 12>Remember you hide from wind, but you run from the water.

0:08:07.920 --> 0:08:10.560
<v Speaker 13>Bloomberg meteorologist Rob Carolyn has more.

0:08:11.320 --> 0:08:14.440
<v Speaker 7>Hurricane Helen located about three hundred miles to the southwest

0:08:14.480 --> 0:08:17.119
<v Speaker 7>of Tampa, moving off towards the north at eleven miles

0:08:17.120 --> 0:08:19.200
<v Speaker 7>an hour. It will continue to strengthen today. It is

0:08:19.240 --> 0:08:21.640
<v Speaker 7>forecast to hit the Florida Big Bend area tonight as

0:08:21.680 --> 0:08:24.720
<v Speaker 7>a Category four hurricane. Winds could be an excess of

0:08:24.720 --> 0:08:26.520
<v Speaker 7>one hundred and twenty miles an hour, with a storm

0:08:26.560 --> 0:08:29.360
<v Speaker 7>surge in excess of twenty feet. The system will produce

0:08:29.480 --> 0:08:32.680
<v Speaker 7>rain and wind across the Florida Peninsula and Florida Panhandle today,

0:08:32.920 --> 0:08:34.800
<v Speaker 7>so that rain will be spreading north with across the

0:08:34.880 --> 0:08:37.920
<v Speaker 7>southeastern United States today. Looks like since the system is

0:08:37.960 --> 0:08:40.360
<v Speaker 7>going to be moving quickly this evening, it's going to

0:08:40.360 --> 0:08:43.040
<v Speaker 7>bring rain and significant wind to portions of the Southeastern

0:08:43.160 --> 0:08:46.080
<v Speaker 7>United States tonight and into tomorrow, and we could have

0:08:46.120 --> 0:08:48.800
<v Speaker 7>inland flooding as far north as the southern Appalachians and

0:08:48.880 --> 0:08:52.599
<v Speaker 7>Tennessee River Valley. I'm BROB Carolyn Bloomberg Radio.

0:08:52.520 --> 0:08:55.400
<v Speaker 13>Thank you Rob. A panel of appellate judges in New

0:08:55.480 --> 0:08:58.840
<v Speaker 13>York will hear former President Donald Trump's appeal of his

0:08:58.960 --> 0:09:02.480
<v Speaker 13>civil fraud case ruling. The judge overseeing the case ordered

0:09:02.520 --> 0:09:04.880
<v Speaker 13>Trump and his company to pay more than four hundred

0:09:04.880 --> 0:09:08.520
<v Speaker 13>and sixty million dollars in fines. The court will have

0:09:08.640 --> 0:09:12.040
<v Speaker 13>to decide whether to uphold the verdict or reduce the

0:09:12.080 --> 0:09:16.679
<v Speaker 13>almost half billion dollar penalty. After Israel launched a new

0:09:16.720 --> 0:09:20.439
<v Speaker 13>campaign against Hensbella Prime Minister Benjamin Nett and Yahoo postponed

0:09:20.480 --> 0:09:23.320
<v Speaker 13>his trip to New York to speak before the UN

0:09:23.360 --> 0:09:26.880
<v Speaker 13>General Assembly that Yahoo was supposed to speak today, but

0:09:26.960 --> 0:09:30.280
<v Speaker 13>we'll speak on Friday. Before then, delegates are expected to

0:09:30.320 --> 0:09:34.079
<v Speaker 13>hear from Lebanon's foreign minister. Global news twenty four hours

0:09:34.080 --> 0:09:37.199
<v Speaker 13>a day and whenever you want it with the Bloomberg News. Now,

0:09:37.320 --> 0:09:39.679
<v Speaker 13>I'm Michael Barrn. This is Bloomberg Karen.

0:09:39.960 --> 0:09:47.040
<v Speaker 1>Sorry, Michael barr thank you. Time now for the Bloomberg

0:09:47.160 --> 0:09:49.160
<v Speaker 1>Sports Update with John Stanshawer.

0:09:49.240 --> 0:09:51.800
<v Speaker 11>John, good morning, Good morning here in the Champagne remains

0:09:51.880 --> 0:09:54.840
<v Speaker 11>corked in the Yankee Clubhouse, Baltimore one for a second

0:09:54.880 --> 0:09:58.200
<v Speaker 11>straight night to remain mathematically alive in the al East.

0:09:58.200 --> 0:10:00.319
<v Speaker 11>Oiols led eight to one on the fifteen, when Juan

0:10:00.360 --> 0:10:02.480
<v Speaker 11>Soto had a two run home or his forty first.

0:10:02.520 --> 0:10:05.120
<v Speaker 11>They led nine to three in the night. Darren Judge

0:10:05.120 --> 0:10:08.240
<v Speaker 11>a three run shot his fifty seventh, but the Orioles

0:10:08.320 --> 0:10:10.760
<v Speaker 11>hung on nine to seven. Other chants for the Yanks tonight,

0:10:10.840 --> 0:10:13.320
<v Speaker 11>nes to Cortes was to start last night. He's been

0:10:13.360 --> 0:10:15.800
<v Speaker 11>pitching creative late, but he has an elbow straight and

0:10:15.920 --> 0:10:18.760
<v Speaker 11>Cortes won't pitch again, and so perhaps the Yanks get

0:10:18.840 --> 0:10:22.120
<v Speaker 11>to the ALCS. Detroit and Kansas City both won. Looks

0:10:22.160 --> 0:10:24.960
<v Speaker 11>like they'll be the last two AL wildcards. The Mets

0:10:25.080 --> 0:10:28.000
<v Speaker 11>rained out in Atlanta last night and hurricaned out tonight,

0:10:28.080 --> 0:10:31.160
<v Speaker 11>so they'll play this weekend in Milwaukee, and then, assuming

0:10:31.240 --> 0:10:33.880
<v Speaker 11>the games have meaning, they'll finish the regular season with

0:10:33.920 --> 0:10:37.160
<v Speaker 11>a doubleheader Monday afternoon back in Atlanta, and the Mets

0:10:37.280 --> 0:10:39.439
<v Speaker 11>may then have to get out to San Diego for

0:10:39.520 --> 0:10:43.240
<v Speaker 11>a playoff game on Tuesday. Arizona won last night, Diamondbacks

0:10:43.360 --> 0:10:45.640
<v Speaker 11>back tied with the Mets. They both lead the Braves

0:10:45.720 --> 0:10:48.000
<v Speaker 11>by a game. Two of the three teams will make

0:10:48.080 --> 0:10:50.679
<v Speaker 11>the postseason second week in a row. A Thursday night,

0:10:50.679 --> 0:10:53.360
<v Speaker 11>I'm at MetLife. It's the Giants and Cowboys. Both are

0:10:53.400 --> 0:10:55.640
<v Speaker 11>one and two, with the Giants coming off their first win.

0:10:55.800 --> 0:10:59.559
<v Speaker 11>Dallas just lost two straight at home. Caitlin Clarks WNBA

0:10:59.679 --> 0:11:02.480
<v Speaker 11>rookie season is over. She scored twenty five points in

0:11:02.600 --> 0:11:05.640
<v Speaker 11>Indiana's playoff loss at Connecticut Johns Stashaw.

0:11:05.679 --> 0:11:07.360
<v Speaker 2>We're Bloomberg Sports Kennon Nathan.

0:11:09.440 --> 0:11:13.480
<v Speaker 13>Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,

0:11:13.679 --> 0:11:14.320
<v Speaker 13>and around the.

0:11:14.360 --> 0:11:17.840
<v Speaker 2>World on Bloomberg dot Com and the Bloomberg Business app.

0:11:18.080 --> 0:11:21.560
<v Speaker 2>This is Bloomberg Daybreak. Good Morning of Nathan Hager. New

0:11:21.679 --> 0:11:23.800
<v Speaker 2>York City Mayor Eric Adams is in a fight for

0:11:23.920 --> 0:11:27.319
<v Speaker 2>political survival as he faces a sealed indictment following a

0:11:27.400 --> 0:11:30.920
<v Speaker 2>month's long federal corruption pro But the mayor is promising

0:11:31.120 --> 0:11:32.439
<v Speaker 2>he will fight enough.

0:11:33.320 --> 0:11:36.800
<v Speaker 4>I will fight these injustices with every ounce of my

0:11:37.040 --> 0:11:40.920
<v Speaker 4>strength in my spirit. If I'm charged, I know I

0:11:40.960 --> 0:11:44.880
<v Speaker 4>am innocent. I will request in immediate trials so the

0:11:45.000 --> 0:11:46.680
<v Speaker 4>New Yorkers can hear the.

0:11:46.800 --> 0:11:50.360
<v Speaker 2>Truth, Mayor Adams at a video message you posted last night.

0:11:50.440 --> 0:11:53.200
<v Speaker 2>This morning, we're joined by Bloomberg News Managing editor Derek

0:11:53.280 --> 0:11:55.800
<v Speaker 2>Wallbank for the latest. Derek, good morning. So what do

0:11:55.960 --> 0:11:57.840
<v Speaker 2>we know about these charges against the mayor?

0:11:58.200 --> 0:12:01.560
<v Speaker 6>Well, Nathan, we don't actually only know exactly what he's

0:12:01.640 --> 0:12:05.160
<v Speaker 6>being charged with. There are there is at least one charge,

0:12:05.200 --> 0:12:08.760
<v Speaker 6>could be multiple charges that are under seal that could

0:12:08.880 --> 0:12:14.280
<v Speaker 6>be released as early as today, according to people who

0:12:14.800 --> 0:12:18.959
<v Speaker 6>asked not to be identified. But we are aware of

0:12:19.280 --> 0:12:25.520
<v Speaker 6>a couple of things that that Adams has been linked with.

0:12:25.920 --> 0:12:30.280
<v Speaker 6>Let's let's say right now it should also be said,

0:12:30.480 --> 0:12:33.679
<v Speaker 6>and I should make this very very clear. Adams has

0:12:33.679 --> 0:12:37.200
<v Speaker 6>said he's done nothing wrong. He said that he plans

0:12:37.280 --> 0:12:40.240
<v Speaker 6>to fight, and he has said that he plans to

0:12:40.559 --> 0:12:43.360
<v Speaker 6>remain in power. So let's let's put all of that

0:12:43.559 --> 0:12:47.199
<v Speaker 6>onto the table. But there are some there are some

0:12:47.640 --> 0:12:51.559
<v Speaker 6>things that he has been dealing with. One investigation that

0:12:51.679 --> 0:12:55.720
<v Speaker 6>we're aware of was was talking about whether the Adams

0:12:55.840 --> 0:12:59.800
<v Speaker 6>campaign had coordinated with the Turkish government to take illegal

0:13:00.120 --> 0:13:04.400
<v Speaker 6>donations and questions about permitting and some other things like that,

0:13:05.520 --> 0:13:12.040
<v Speaker 6>you know. And another one was dealing with a search

0:13:12.200 --> 0:13:16.559
<v Speaker 6>of home owned by a prominent Adams fundraiser.

0:13:16.760 --> 0:13:16.920
<v Speaker 1>You know.

0:13:17.000 --> 0:13:19.040
<v Speaker 6>So you've got a couple of things that have been

0:13:19.080 --> 0:13:22.719
<v Speaker 6>going on right that are involving the mayor. Again, we

0:13:22.880 --> 0:13:27.000
<v Speaker 6>don't know what this exactly is going to be about.

0:13:27.080 --> 0:13:31.760
<v Speaker 6>We should hopefully get some more information, you know, maybe

0:13:31.840 --> 0:13:33.800
<v Speaker 6>as the day goes on, maybe as the weeks go on,

0:13:33.920 --> 0:13:37.839
<v Speaker 6>we should get some more information because this report is

0:13:37.960 --> 0:13:40.800
<v Speaker 6>going to have to get is going to have to

0:13:40.840 --> 0:13:41.760
<v Speaker 6>get answered somehow.

0:13:42.160 --> 0:13:45.120
<v Speaker 2>But to your point about how the investigation has really

0:13:45.160 --> 0:13:47.839
<v Speaker 2>been swirling around Adams for some time, we've seen a

0:13:47.880 --> 0:13:51.559
<v Speaker 2>lot of people in his inner circle really start to

0:13:51.640 --> 0:13:54.800
<v Speaker 2>go down over this, including the now former police commissioner

0:13:54.880 --> 0:13:55.440
<v Speaker 2>and some others.

0:13:55.800 --> 0:13:58.000
<v Speaker 6>Yeah, and you know, and the thing that I keep

0:13:58.080 --> 0:14:02.360
<v Speaker 6>thinking about was we're looking at this it's impossible to

0:14:02.440 --> 0:14:04.920
<v Speaker 6>think of it without thinking of the time and the

0:14:05.000 --> 0:14:07.679
<v Speaker 6>moment that we're in. Right, we're just a couple of

0:14:07.760 --> 0:14:09.320
<v Speaker 6>weeks before the US election.

0:14:10.080 --> 0:14:10.200
<v Speaker 1>Uh.

0:14:10.600 --> 0:14:13.079
<v Speaker 6>You know, Eric Adams is one of the most prominent

0:14:13.800 --> 0:14:17.880
<v Speaker 6>Democrats that there happens to be, and we're gonna have

0:14:18.000 --> 0:14:20.880
<v Speaker 6>to hear from really prominent Democrats about what they think. Now.

0:14:20.880 --> 0:14:24.920
<v Speaker 6>Alexandria Acrossio Cortez has already said that she thinks that

0:14:25.480 --> 0:14:29.000
<v Speaker 6>Adams should step down. We're gonna be waiting to hear

0:14:29.640 --> 0:14:33.760
<v Speaker 6>from from Hakim Jeffries, from Chuck Schumer, you know, the

0:14:33.840 --> 0:14:38.480
<v Speaker 6>top two Democrats in Congress, or both New Yorkers. We'll

0:14:38.640 --> 0:14:41.280
<v Speaker 6>need to hear from Kathy Okle, the governor of New York,

0:14:41.320 --> 0:14:45.000
<v Speaker 6>who has some power maybe in her back pocket, to

0:14:45.040 --> 0:14:49.240
<v Speaker 6>be able to take some action against the mayor under

0:14:49.360 --> 0:14:52.960
<v Speaker 6>state rules. And then you know, there will be a

0:14:53.320 --> 0:14:56.560
<v Speaker 6>fair number of Republicans who will want to note that

0:14:56.800 --> 0:15:00.320
<v Speaker 6>Eric Adams and Kamala Harris know each other u in

0:15:00.440 --> 0:15:04.160
<v Speaker 6>the specter of a presidential race, you know, any sort

0:15:04.240 --> 0:15:08.200
<v Speaker 6>of difficulties here may become a liability for Harris in

0:15:08.280 --> 0:15:13.440
<v Speaker 6>much the same way that Mark Robbinson's difficulties in North

0:15:13.520 --> 0:15:17.240
<v Speaker 6>Carolina have become a difficulty for Donald Trump. So you

0:15:17.440 --> 0:15:21.120
<v Speaker 6>cannot take this, even if it has nothing to do

0:15:21.400 --> 0:15:26.840
<v Speaker 6>with presidential electoral politics. You cannot take the situation out

0:15:26.880 --> 0:15:29.440
<v Speaker 6>of the moment in time in which it is currently happening.

0:15:29.720 --> 0:15:31.400
<v Speaker 2>Now, as you say, we are waiting for some of

0:15:31.480 --> 0:15:35.400
<v Speaker 2>those more prominent officials to respond. But if he does

0:15:35.560 --> 0:15:38.480
<v Speaker 2>start to lose support at the highest levels, I mean,

0:15:38.640 --> 0:15:42.440
<v Speaker 2>how much longer can Adams hold on as he awaits

0:15:42.520 --> 0:15:43.560
<v Speaker 2>these charges.

0:15:43.560 --> 0:15:47.040
<v Speaker 6>Well, that is going to be a question that really

0:15:47.200 --> 0:15:49.720
<v Speaker 6>only he can answer. You know, New York is a

0:15:49.880 --> 0:15:54.840
<v Speaker 6>place where political pressure can come thick and fast, right,

0:15:54.960 --> 0:15:57.320
<v Speaker 6>you know, it is one of the biggest political pressure

0:15:57.360 --> 0:16:01.120
<v Speaker 6>points anywhere in the US. But it's all so a

0:16:01.280 --> 0:16:05.400
<v Speaker 6>place where you know, he can, if he gets enough backing,

0:16:06.000 --> 0:16:08.040
<v Speaker 6>maybe try and ride this out. Now, it is to

0:16:08.080 --> 0:16:10.240
<v Speaker 6>say he has been very clear he is going to

0:16:10.280 --> 0:16:13.840
<v Speaker 6>fight whatever this happens to be, uh, and he wants

0:16:13.920 --> 0:16:16.040
<v Speaker 6>to remain in power, so that you know, that is

0:16:16.080 --> 0:16:17.480
<v Speaker 6>a thing that you would have to say if you're

0:16:17.640 --> 0:16:20.120
<v Speaker 6>going to try and do that. But part of the

0:16:20.280 --> 0:16:23.080
<v Speaker 6>answer to that question will deal with you know what

0:16:23.160 --> 0:16:26.320
<v Speaker 6>we were talking about just before what happens with all

0:16:26.400 --> 0:16:29.080
<v Speaker 6>of these other very prominent New Yorkers and Democrats and

0:16:29.160 --> 0:16:31.280
<v Speaker 6>what do they say and how much pressure is put

0:16:31.880 --> 0:16:33.479
<v Speaker 6>on him externally.

0:16:33.920 --> 0:16:37.360
<v Speaker 1>This is Bloomberg Daybreak, your morning podcast on the stories

0:16:37.440 --> 0:16:40.400
<v Speaker 1>making news from Wall Street to Washington and beyond.

0:16:40.720 --> 0:16:43.080
<v Speaker 2>Look for us on your podcast feed by six am

0:16:43.160 --> 0:16:46.520
<v Speaker 2>Eastern each morning, on Apple, Spotify, or anywhere else you listen.

0:16:46.760 --> 0:16:49.600
<v Speaker 1>You can also listen live each morning starting at five

0:16:49.640 --> 0:16:52.240
<v Speaker 1>am Wall Street Time on Bloomberg eleven three to zero

0:16:52.360 --> 0:16:55.240
<v Speaker 1>in New York, Bloomberg in ninety nine to one in Washington,

0:16:55.360 --> 0:16:59.880
<v Speaker 1>Bloomberg ninety two nine in Boston, and nationwide on serious XMCHA.

0:17:01.440 --> 0:17:04.119
<v Speaker 2>Plus listen coast to coast on the Bloomberg Business app

0:17:04.200 --> 0:17:06.919
<v Speaker 2>now with Apple CarPlay and Android auto interfaces.

0:17:07.240 --> 0:17:10.239
<v Speaker 1>And don't forget to subscribe to Bloomberg News Now. It's

0:17:10.280 --> 0:17:13.000
<v Speaker 1>the latest news whenever you want it in five minutes

0:17:13.119 --> 0:17:16.200
<v Speaker 1>or less. Search Bloomberg News Now on your favorite podcast

0:17:16.280 --> 0:17:20.280
<v Speaker 1>platform to stay informed all day long. I'm Karen Moscow and.

0:17:20.359 --> 0:17:22.919
<v Speaker 2>I'm Nathan Hager. Join us again tomorrow morning for all

0:17:22.960 --> 0:17:24.920
<v Speaker 2>the news you need to start your day right here

0:17:25.119 --> 0:17:26.200
<v Speaker 2>on Bloomberg Debreak