Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good Morning.
Speaker 1: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 1: stories we're following today.
Speaker 2: Karen, we begin with a developing story. Overnight. New York
Speaker 2: City Mayor Eric Adams has been indicted following a federal
Speaker 2: corruption investigation. We get the very latest with Bloomberg's John Tucker.
Speaker 2: Good Morning, John, Nathan.
Speaker 3: Weeks of searches, subpoenas, and resignations of top officials pushed
Speaker 3: New York City's government into crisis and now a bidder.
Speaker 3: Mayor Eric Adams released a video statement last night.
Speaker 4: I always knew that if I stood my ground for
Speaker 4: all of you, that I would be a target, and
Speaker 4: a target I became. For months, leaks and rumors have
Speaker 4: been aimed at me in an attempt to undermine my
Speaker 4: credibility and paint me as guilty.
Speaker 3: The indictment so far is sealed. We don't yet know
Speaker 3: what the federal criminal chreeses are or when the mayor
Speaker 3: is likely to appear in court. The mayor and some
Speaker 3: of his senior administration officials have been the subject of
Speaker 3: at least four different federal investigations that we know about.
Speaker 3: Two of which we learned about just this month. This
Speaker 3: could be related to any one. A probe that become
Speaker 3: became public in November of last year appeared to be
Speaker 3: centering on potential campaign finance violations. Authorities have been looking
Speaker 3: at the conduct of people close to him, including the
Speaker 3: now former Police Commissioner Edward Cobban, who stemped down just
Speaker 3: a couple of weeks after his phone was seized by
Speaker 3: federal agents that in connection with a potential scheme involving
Speaker 3: his twin brother. Adams is vowing to remain in office,
Speaker 3: despite calls for his immediate resignation from fellow Democrats in
Speaker 3: New York Income John Tucker Bloomberg Radio, all.
Speaker 1: Right, John, thank you. While the indictment of Adams, just
Speaker 1: the second black mayor in the city's more than four
Speaker 1: hundred year history, is a remarkable turn for a former
Speaker 1: police captain who beat a crowded field to win the
Speaker 1: New York City mayor's race into a running on a
Speaker 1: law and order platform that pledged to make city government
Speaker 1: work better. Bloomberg'slawer to mea SA has been looking into
Speaker 1: the probes.
Speaker 5: The earliest investigation that we became aware of was a
Speaker 5: probe that sort of burst into public view in November
Speaker 5: of last year. That appeared to be centering on potential
Speaker 5: campaign finance violations in the mayor's twenty twenty one campaign,
Speaker 5: the campaign that got him elected mayor, and whether or
Speaker 5: not there was some interaction with the Government of Turkey
Speaker 5: potential straw donor scheme. But two other investigations seemed to
Speaker 5: be underway. It's not clear if those actually are looking
Speaker 5: at the mayor's conducts specifically, but they do seem to
Speaker 5: be looking at the conduct of people who are incredibly
Speaker 5: close to him.
Speaker 1: Bloomberg's lawer to Mea says that Adams could be removed
Speaker 1: from office by Governor Kathy Hugel upon formal charges, with
Speaker 1: a chance to defend himself, and can be suspended for
Speaker 1: up to thirty days during the process.
Speaker 2: Karen, We've also had fast moving developments in the Middle East.
Speaker 2: Israel continues to go after Hesballa targets in Lebanon, even
Speaker 2: as the US and Allies proposed a three week ceasefire.
Speaker 2: President Biden and French President Emanuel Macrome presented the proposal
Speaker 2: to allow for negotiations so people in northern Israel and
Speaker 2: southern Lebanon can return to their homes. Israel's UN ambassador
Speaker 2: Danny Denone says that's what he'd like to see.
Speaker 6: What happened either after the war all before.
Speaker 2: We hope it will be before bud. Bloomberg's Paul Wallace
Speaker 2: reports it's not clear whether Hesboela will accept the offer.
Speaker 7: One thing that I.
Speaker 8: Think is quickly is that something will have to be
Speaker 8: given to Heswell, some kind of political concession to allow
Speaker 8: it to save face, because it's quite difficult to see
Speaker 8: as well are agreeing to move back its forces from
Speaker 8: the Israeli border and to stop firing on Israel and
Speaker 8: Esse it gets something in return.
Speaker 2: Bloomberg's Paul Wallace in Dubai. This week's air strikes have
Speaker 2: left more than six hundred dead, including at least fifty children.
Speaker 2: Hesbel has responded with hundreds of rocket attacks, including one
Speaker 2: aimed for the first time at Tel Aviv.
Speaker 1: Well Nathan. The US has announced a new weapons package
Speaker 1: for Ukraine, where three hundred and seventy five million dollars
Speaker 1: the assistants. Coincides with a visit by Ukrainian President Vladimir
Speaker 1: Zelenski to the US this week. Meantime, former President Donald
Speaker 1: Trump lashed out at the Biden administration and Zelenski for
Speaker 1: refusing to make a deal with Russia.
Speaker 9: A deal could have been made if we had a
Speaker 9: competent president instead of a president that.
Speaker 4: Egged it all on.
Speaker 9: And Biden and Kamala allowed this to happen by feeding
Speaker 9: Zelenski money and munitions like no country has ever seen before.
Speaker 9: Every time he came to our country, he'd walk away
Speaker 9: with sixty billion dollars. It's probably the greatest salesman on Earth.
Speaker 1: In another development, Trump is planning to return to the
Speaker 1: site of the first assassination attempt on his life. Trump
Speaker 1: will hold a rally at the Fairgrounds in Butler, Pennsylvania,
Speaker 1: on October fifth, exactly one month before election day.
Speaker 2: Mccar and Vice President Kamala Harris was in Pennsylvania yesterday
Speaker 2: laying out her vision for what she calls an opportunity economy.
Speaker 2: In a speech to the Economic Club of Pittsburgh, the
Speaker 2: Democratic presidential nominee promised to be an ally to both
Speaker 2: corporate executives and the people who work for them.
Speaker 7: Well, I'm a capitalist.
Speaker 2: I believe in free and fair markets.
Speaker 10: I believe inconsistent and transparent rules of the road to
Speaker 10: create a stable business environment.
Speaker 2: Vice President Harris's campaign also released an eighty two page
Speaker 2: policy blueprint. After her speech, she also gave her first
Speaker 2: solo interview as a candidate to MSNBC, saying she'll visit
Speaker 2: the US Mexico border tomorrow and making another pitch for
Speaker 2: the bipartisan immigration bill that stalled in Congress this year.
Speaker 11: My pledge is it, when elected president, if the American
Speaker 11: people will have me, I will bring that bill back
Speaker 11: and I will sign it into law.
Speaker 2: Kamala Harris also defended her opposition to nipon Stiel's takeover
Speaker 2: of US steal. She says keeping steel production American owned
Speaker 2: is more important than the potential job losses if the
Speaker 2: deal falls through.
Speaker 1: Well, Nathan, The latest campaign incomes as Congress adverts a
Speaker 1: government shutdown. It passed a short term a federal funding
Speaker 1: bill We get more with Bloomberg's Ed Baxter in.
Speaker 10: The House Speaker Mike Johnson relied on Democratic votes to
Speaker 10: move it through an expedited process that limited Florida bate
Speaker 10: but required a two thirds vote.
Speaker 12: This is not the House's fault, It's the Senate's fault.
Speaker 12: They passed not a single Appropriations bill, So there was
Speaker 12: nothing for the two chambers to negotiate in the end,
Speaker 12: and there was no agreement on the top line spending number.
Speaker 10: So as you hear, the animosity between House and Senate
Speaker 10: will continue and they'll go at it again in December.
Speaker 10: The White House has issued a statement thanking the bodies
Speaker 10: and saying it will work with them. Ad Baxter, Bloomberg Radio.
Speaker 2: Thanks ed turning. The market's futures are higher on Wall Street,
Speaker 2: fueling the gains Micron Technology. Those shares are up nearly
Speaker 2: sixteen percent. The largest US maker of computer memory chips,
Speaker 2: gave a surprisingly strong revenue pretty for the current period,
Speaker 2: helped by demand for artificial intelligence gear.
Speaker 1: Well, Nathan, we're also seeing big gains for stocks in Asia.
Speaker 1: Over night, stocks in China and Hong Kong rose more
Speaker 1: than four percent. China'stop leaders ramped up urgent efforts to
Speaker 1: revive growth with pledges to support fiscals spending and stabilize
Speaker 1: the beleaguer property sector.
Speaker 2: Karen, this is a Bloomberg exclusive. Open AI is talking
Speaker 2: about giving CEO Sam Alten a seven percent equity stake
Speaker 2: in the company and restructuring to become a for profit business.
Speaker 2: This would mark the first time Sam Altman's granted ownership
Speaker 2: in the AI startup source to say, open aies mauling
Speaker 2: these changes against the backdrop of an exodus of senior managers.
Speaker 1: Honest time Now for a look at some of the
Speaker 1: other stories making news in New York and around the world.
Speaker 1: And for that we're joined by Bloomberg's Michael Barr.
Speaker 2: Michael, Good morning, Good.
Speaker 13: Morning, Karen. Hurricane Aleen continues to strengthen as it heads
Speaker 13: toward the Big Bend area of Florida's Gulf Coast. Florida
Speaker 13: Governor Rond Desanta says on top of the winds, forecasts
Speaker 13: say the storm surge threatens to be unsurvivable.
Speaker 12: Remember you hide from wind, but you run from the water.
Speaker 13: Bloomberg meteorologist Rob Carolyn has more.
Speaker 7: Hurricane Helen located about three hundred miles to the southwest
Speaker 7: of Tampa, moving off towards the north at eleven miles
Speaker 7: an hour. It will continue to strengthen today. It is
Speaker 7: forecast to hit the Florida Big Bend area tonight as
Speaker 7: a Category four hurricane. Winds could be an excess of
Speaker 7: one hundred and twenty miles an hour, with a storm
Speaker 7: surge in excess of twenty feet. The system will produce
Speaker 7: rain and wind across the Florida Peninsula and Florida Panhandle today,
Speaker 7: so that rain will be spreading north with across the
Speaker 7: southeastern United States today. Looks like since the system is
Speaker 7: going to be moving quickly this evening, it's going to
Speaker 7: bring rain and significant wind to portions of the Southeastern
Speaker 7: United States tonight and into tomorrow, and we could have
Speaker 7: inland flooding as far north as the southern Appalachians and
Speaker 7: Tennessee River Valley. I'm BROB Carolyn Bloomberg Radio.
Speaker 13: Thank you Rob. A panel of appellate judges in New
Speaker 13: York will hear former President Donald Trump's appeal of his
Speaker 13: civil fraud case ruling. The judge overseeing the case ordered
Speaker 13: Trump and his company to pay more than four hundred
Speaker 13: and sixty million dollars in fines. The court will have
Speaker 13: to decide whether to uphold the verdict or reduce the
Speaker 13: almost half billion dollar penalty. After Israel launched a new
Speaker 13: campaign against Hensbella Prime Minister Benjamin Nett and Yahoo postponed
Speaker 13: his trip to New York to speak before the UN
Speaker 13: General Assembly that Yahoo was supposed to speak today, but
Speaker 13: we'll speak on Friday. Before then, delegates are expected to
Speaker 13: hear from Lebanon's foreign minister. Global news twenty four hours
Speaker 13: a day and whenever you want it with the Bloomberg News. Now,
Speaker 13: I'm Michael Barrn. This is Bloomberg Karen.
Speaker 1: Sorry, Michael barr thank you. Time now for the Bloomberg
Speaker 1: Sports Update with John Stanshawer.
Speaker 11: John, good morning, Good morning here in the Champagne remains
Speaker 11: corked in the Yankee Clubhouse, Baltimore one for a second
Speaker 11: straight night to remain mathematically alive in the al East.
Speaker 11: Oiols led eight to one on the fifteen, when Juan
Speaker 11: Soto had a two run home or his forty first.
Speaker 11: They led nine to three in the night. Darren Judge
Speaker 11: a three run shot his fifty seventh, but the Orioles
Speaker 11: hung on nine to seven. Other chants for the Yanks tonight,
Speaker 11: nes to Cortes was to start last night. He's been
Speaker 11: pitching creative late, but he has an elbow straight and
Speaker 11: Cortes won't pitch again, and so perhaps the Yanks get
Speaker 11: to the ALCS. Detroit and Kansas City both won. Looks
Speaker 11: like they'll be the last two AL wildcards. The Mets
Speaker 11: rained out in Atlanta last night and hurricaned out tonight,
Speaker 11: so they'll play this weekend in Milwaukee, and then, assuming
Speaker 11: the games have meaning, they'll finish the regular season with
Speaker 11: a doubleheader Monday afternoon back in Atlanta, and the Mets
Speaker 11: may then have to get out to San Diego for
Speaker 11: a playoff game on Tuesday. Arizona won last night, Diamondbacks
Speaker 11: back tied with the Mets. They both lead the Braves
Speaker 11: by a game. Two of the three teams will make
Speaker 11: the postseason second week in a row. A Thursday night,
Speaker 11: I'm at MetLife. It's the Giants and Cowboys. Both are
Speaker 11: one and two, with the Giants coming off their first win.
Speaker 11: Dallas just lost two straight at home. Caitlin Clarks WNBA
Speaker 11: rookie season is over. She scored twenty five points in
Speaker 11: Indiana's playoff loss at Connecticut Johns Stashaw.
Speaker 2: We're Bloomberg Sports Kennon Nathan.
Speaker 13: Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 13: and around the.
Speaker 2: World on Bloomberg dot Com and the Bloomberg Business app.
Speaker 2: This is Bloomberg Daybreak. Good Morning of Nathan Hager. New
Speaker 2: York City Mayor Eric Adams is in a fight for
Speaker 2: political survival as he faces a sealed indictment following a
Speaker 2: month's long federal corruption pro But the mayor is promising
Speaker 2: he will fight enough.
Speaker 4: I will fight these injustices with every ounce of my
Speaker 4: strength in my spirit. If I'm charged, I know I
Speaker 4: am innocent. I will request in immediate trials so the
Speaker 4: New Yorkers can hear the.
Speaker 2: Truth, Mayor Adams at a video message you posted last night.
Speaker 2: This morning, we're joined by Bloomberg News Managing editor Derek
Speaker 2: Wallbank for the latest. Derek, good morning. So what do
Speaker 2: we know about these charges against the mayor?
Speaker 6: Well, Nathan, we don't actually only know exactly what he's
Speaker 6: being charged with. There are there is at least one charge,
Speaker 6: could be multiple charges that are under seal that could
Speaker 6: be released as early as today, according to people who
Speaker 6: asked not to be identified. But we are aware of
Speaker 6: a couple of things that that Adams has been linked with.
Speaker 6: Let's let's say right now it should also be said,
Speaker 6: and I should make this very very clear. Adams has
Speaker 6: said he's done nothing wrong. He said that he plans
Speaker 6: to fight, and he has said that he plans to
Speaker 6: remain in power. So let's let's put all of that
Speaker 6: onto the table. But there are some there are some
Speaker 6: things that he has been dealing with. One investigation that
Speaker 6: we're aware of was was talking about whether the Adams
Speaker 6: campaign had coordinated with the Turkish government to take illegal
Speaker 6: donations and questions about permitting and some other things like that,
Speaker 6: you know. And another one was dealing with a search
Speaker 6: of home owned by a prominent Adams fundraiser.
Speaker 1: You know.
Speaker 6: So you've got a couple of things that have been
Speaker 6: going on right that are involving the mayor. Again, we
Speaker 6: don't know what this exactly is going to be about.
Speaker 6: We should hopefully get some more information, you know, maybe
Speaker 6: as the day goes on, maybe as the weeks go on,
Speaker 6: we should get some more information because this report is
Speaker 6: going to have to get is going to have to
Speaker 6: get answered somehow.
Speaker 2: But to your point about how the investigation has really
Speaker 2: been swirling around Adams for some time, we've seen a
Speaker 2: lot of people in his inner circle really start to
Speaker 2: go down over this, including the now former police commissioner
Speaker 2: and some others.
Speaker 6: Yeah, and you know, and the thing that I keep
Speaker 6: thinking about was we're looking at this it's impossible to
Speaker 6: think of it without thinking of the time and the
Speaker 6: moment that we're in. Right, we're just a couple of
Speaker 6: weeks before the US election.
Speaker 1: Uh.
Speaker 6: You know, Eric Adams is one of the most prominent
Speaker 6: Democrats that there happens to be, and we're gonna have
Speaker 6: to hear from really prominent Democrats about what they think. Now.
Speaker 6: Alexandria Acrossio Cortez has already said that she thinks that
Speaker 6: Adams should step down. We're gonna be waiting to hear
Speaker 6: from from Hakim Jeffries, from Chuck Schumer, you know, the
Speaker 6: top two Democrats in Congress, or both New Yorkers. We'll
Speaker 6: need to hear from Kathy Okle, the governor of New York,
Speaker 6: who has some power maybe in her back pocket, to
Speaker 6: be able to take some action against the mayor under
Speaker 6: state rules. And then you know, there will be a
Speaker 6: fair number of Republicans who will want to note that
Speaker 6: Eric Adams and Kamala Harris know each other u in
Speaker 6: the specter of a presidential race, you know, any sort
Speaker 6: of difficulties here may become a liability for Harris in
Speaker 6: much the same way that Mark Robbinson's difficulties in North
Speaker 6: Carolina have become a difficulty for Donald Trump. So you
Speaker 6: cannot take this, even if it has nothing to do
Speaker 6: with presidential electoral politics. You cannot take the situation out
Speaker 6: of the moment in time in which it is currently happening.
Speaker 2: Now, as you say, we are waiting for some of
Speaker 2: those more prominent officials to respond. But if he does
Speaker 2: start to lose support at the highest levels, I mean,
Speaker 2: how much longer can Adams hold on as he awaits
Speaker 2: these charges.
Speaker 6: Well, that is going to be a question that really
Speaker 6: only he can answer. You know, New York is a
Speaker 6: place where political pressure can come thick and fast, right,
Speaker 6: you know, it is one of the biggest political pressure
Speaker 6: points anywhere in the US. But it's all so a
Speaker 6: place where you know, he can, if he gets enough backing,
Speaker 6: maybe try and ride this out. Now, it is to
Speaker 6: say he has been very clear he is going to
Speaker 6: fight whatever this happens to be, uh, and he wants
Speaker 6: to remain in power, so that you know, that is
Speaker 6: a thing that you would have to say if you're
Speaker 6: going to try and do that. But part of the
Speaker 6: answer to that question will deal with you know what
Speaker 6: we were talking about just before what happens with all
Speaker 6: of these other very prominent New Yorkers and Democrats and
Speaker 6: what do they say and how much pressure is put
Speaker 6: on him externally.
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