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Speaker 1: From the Bloomberg Interactive Brokers Studios. This is Bloomberg Daybreak

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Speaker 1: for this Friday, June ninth.

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Speaker 2: Coming up today, first foreign ex President Donald Trump charged

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Speaker 2: for refusing to turn over classified documents.

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Speaker 3: I'm an innocent man, I'm an innocent person.

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Speaker 1: Well A Moore from Trump Plus analysis on the historic

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Speaker 1: case and.

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Speaker 2: Also the politics at play, how this impacts the run

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Speaker 2: for the White House.

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Speaker 4: Air Quality in New York City improves for the first

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Speaker 4: time since Monday. Plus is surprise Supreme Court ruling on

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Speaker 4: Alabama's congressional maps. I'm Michael Barr.

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Speaker 5: More ahead, I'm John Stash Aaron sports, heartbreaking loss for

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Speaker 5: the Mets, doubleheader split for the Yankees Florida in Vegas,

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Speaker 5: and overtime in the Stanley Cup Final.

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Speaker 6: That's all straight Ahead on Bloomberg day Break, the business

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Speaker 6: news you need to stirn your day in just one

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Speaker 6: fifteen minute podcast each morning on Apples, Spotify, the Bloomberg

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Speaker 6: Business app and everywhere you get your podcasts.

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Speaker 1: And good morning.

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Speaker 2: I'm John Tucker, I'm Nathan Hager. We begin this morning

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Speaker 2: with extraordinary news in presidential politics. For the first time

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Speaker 2: in history, a former US president is facing federal charges.

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Speaker 2: Sources tell us Donald Trump is facing seven counts over

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Speaker 2: his refusal to return classified documents from his home in Florida.

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Speaker 2: The former president maintained his innocence in a truth social

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Speaker 2: post last night.

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Speaker 3: It's election interference at the highest level. There's never been

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Speaker 3: anything like what's happened. I'm an innocent man, I'm an

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Speaker 3: innocent person, and we'll fight this out, just like we've

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Speaker 3: been fighting for seven years. It would be wonderful if

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Speaker 3: we could devote our full time to making America great again,

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Speaker 3: and that's exactly what we did. But now again, our

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Speaker 3: country is in decline. We're a failing nation, and this

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Speaker 3: is what they do.

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Speaker 2: The former president Trump says he's been asked to appear

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Speaker 2: at the federal courthouse in Miami to face the charges

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Speaker 2: on Tuesday and Nathan.

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Speaker 1: Before word of the indictment came down, there were reports

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Speaker 1: that charges were immin it and against that backdrop, President

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Speaker 1: Biden rejected the idea that the case would be politically motivated, because.

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Speaker 7: You notice I have never once, not one single time,

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Speaker 7: suggested you're justice farmer what they should do or not do.

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Speaker 7: Ra Elton bringing to charge and not bring to charge.

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Speaker 6: I'm honest.

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Speaker 1: President Biden addressed the matter following a joint news conference

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Speaker 1: with the UK Prime Minister Richard Sunek.

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Speaker 2: Non reaction is pouring into the indictment. Jenie Sheianzano is

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Speaker 2: a political contributor for Bloomberg News.

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Speaker 8: The word here is extraordinary. Never in American history have

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Speaker 8: we seen something like this happen to a former president,

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Speaker 8: let alone somebody who is the leading candidate for the

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Speaker 8: nomination for the major party.

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Speaker 6: Now.

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Speaker 2: While this may be a big advantage for the former

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Speaker 2: president's Republican opponents, Bloomberg's Wendy Benjaminson says it may not

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Speaker 2: be enough to derail Trump's campaign.

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Speaker 9: He may still despite the indictment, and despite being on

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Speaker 9: trial during the primary season next year, he may still

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Speaker 9: be able to pull off the nomination.

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Speaker 2: Bloomberg's Wendy Benjaminson reports the indictment was filed under seal.

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Speaker 2: Bloomberg News has learned to contain seven charges, including wilful

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Speaker 2: retention of national defense information, corruptly concealing documents, and conspiracy

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Speaker 2: to obstruct justice. For more on this extraordinary news, we

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Speaker 2: bring in Julie Norman, co director of the Center on

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Speaker 2: US Politics at University College London, professor, thanks for being

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Speaker 2: with us this morning. And we've seen former president Trump

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Speaker 2: take US politics into uncharted territory many times before, but

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Speaker 2: federal charges against a former president, it's really something we've

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Speaker 2: never seen before.

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Speaker 10: It is indeed unprecedented, again, as things often are with Trump.

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Speaker 10: The first federal criminal charges distinct from the state level charges,

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Speaker 10: of course that we saw several months ago. Notable, of course,

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Speaker 10: what these charges are regarding the wilful perhaps a wilful

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Speaker 10: retention of national defense secrets, as well as obstruction of justice.

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Speaker 10: So these are relatively serious charges for Trump. I will say, however, though,

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Speaker 10: that Trump is, as usual trying to get out in

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Speaker 10: front of it, put a lot of spin on it,

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Speaker 10: show himself as the victim of a government witch hunt.

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Speaker 10: And this is the same narrative that's being picked up

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Speaker 10: by even many other Republican contenders for the primary nomination.

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Speaker 10: So this is probably not going to hurt Trump that

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Speaker 10: much with his supporters right off the bat.

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Speaker 2: Might not hurt him with his supporters, but since we've

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Speaker 2: brought it into the realm of presidential politics here, does

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Speaker 2: this hurt him with some of those potential swing voters

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Speaker 2: that might still be out there, you know, more than

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Speaker 2: a year before the presidential election.

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Speaker 10: Well, definitely, Nathan, and I think that's the important thing

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Speaker 10: to keep in mind here is that the short term

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Speaker 10: and the long term political implications of this for the primaries,

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Speaker 10: for Trump's base. Again, if anything, this will probably galvanize

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Speaker 10: him further. But if he does get that nomination, if

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Speaker 10: he is in that general election, I do think this

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Speaker 10: would hurt him with independence, with moderates and as you said,

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Speaker 10: with those key swing voters that he needs would need

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Speaker 10: to get him over the line.

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Speaker 2: Again, this comes with the same Special Council still investigating

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Speaker 2: the former president's efforts to overturn the twenty twenty Elie.

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Speaker 2: This is just over the classified documents case at mar Lago.

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Speaker 2: Could this potentially be more serious then the other investigation

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Speaker 2: that this special Council is still mounting.

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Speaker 10: We will probably still hear something from Department of Justice

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Speaker 10: about if they're going to pursue anything for Trump regarding

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Speaker 10: January sixth. I do think that would land it hit

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Speaker 10: a little bit differently, but that's further down the road

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Speaker 10: for this investigation. They have been looking at this for

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Speaker 10: a while now and decide to go forward with these

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Speaker 10: charges based on you a couple different pieces of evidence

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Speaker 10: that I assume will come to light a bit more

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Speaker 10: next week. But again, this is still on the backdrop

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Speaker 10: of numerous state charges still playing out as well. We're

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Speaker 10: still expecting something from Georgia. So this is one of many.

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Speaker 10: But I would say the fact that it's federal, the

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Speaker 10: fact that they do think they have a case here,

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Speaker 10: is notable.

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Speaker 2: The former president's competitors are going to have a difficulty

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Speaker 2: staying out of the fray here. You mentioned that they've

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Speaker 2: started to comment on this as well. Do you see

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Speaker 2: this overshadowing the race when you have so many other

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Speaker 2: candidates involved in this twenty twenty four campaign.

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Speaker 10: Well, it does in a way, Nathan. I mean, I

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Speaker 10: think this is one reason why Trump really just took

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Speaker 10: over the headlines, you know, this spring and kind of

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Speaker 10: pushed even you dissant as other people that we thought

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Speaker 10: might be bigger players into a bit more of a

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Speaker 10: sideline role because he was just in the headline so

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Speaker 10: much with these legal challenges, and I think that will

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Speaker 10: continue to be the case here, and it puts those

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Speaker 10: candidates on you know, the response to then they can't

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Speaker 10: talk about what they want to talk about they have

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Speaker 10: to respond to what's happening with Trump.

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Speaker 2: All right, thanks for this professor, Good to have you

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Speaker 2: with us. That's Julie Norman, co director of the Center

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Speaker 2: on US Politics at University College London. That's the political

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Speaker 2: side of things. Stay tuned for legal analysis of the

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Speaker 2: charges against former President Trump that is coming up shortly

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Speaker 2: right here on Bloomberg Daybreak, and for a look at

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Speaker 2: some of the other stories making news in New York

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Speaker 2: and around the world. We're joined by Bloomberg's Michael Barr.

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Speaker 2: Good morning, Michael, Good morning, Nathan.

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Speaker 4: A thick, hazardous haze of wildfire smoke is looming over

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Speaker 4: daily life for millions of people across the eastern US

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Speaker 4: and Canada for a third day. The air quality in

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Speaker 4: New York City improved to moderate overnight, according to data

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Speaker 4: from the New York Department of Environmental Conservation. People in

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Speaker 4: the city who are sensitive to particle pollution are still

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Speaker 4: being advised to consider reducing their activity. Mayor Eric Adams

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Speaker 4: says while conditions will likely improve throughout the weekend, people

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Speaker 4: should keep their masks on and not let their guards down.

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Speaker 7: We clearly understand that these crises that we're facing around

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Speaker 7: our health is something we want to have to deal with.

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Speaker 7: Climate change is real and we must be prepared as

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Speaker 7: we are dealing with the issues that come from climate change.

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Speaker 4: New Jersey Governor Phil Murphy says he spoke to Canadian authorities.

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Speaker 11: And the scale of this is extraordinary. They said they

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Speaker 11: had ten million acres burning, that that number was going

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Speaker 11: to go up. They believed to twelve million. That there

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Speaker 11: are over two hundred separate fires.

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Speaker 4: The conditions sent as must sufferers to hospitals, delayed flights,

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Speaker 4: postponed ball games, and pushed back a White House Pride

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Speaker 4: Month celebration. The main suspect in the two thousand and

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Speaker 4: five disappearance of Natalie Holloway is in Alabama after being

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Speaker 4: handed over to US custody. Jurin van der Slute's arrival

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Speaker 4: comes roughly a month after both countries agreed on his extradition.

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Speaker 4: He is wanted in the US on account of extortion

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Speaker 4: and wire fraud. Nearly two decades ago, Holloway disappeared during

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Speaker 4: a high school graduation trip on the Caribbean island of Aruba.

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Speaker 4: The Supreme Court decision ordering Alabama to withdraw its congressional

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Speaker 4: maps was seen by many minority lawmakers and voting rights activists.

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Speaker 4: As a stunning victory, The Court, in a five to

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Speaker 4: four ruling, found that Alabama concentrated black voters in one

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Speaker 4: district while spreading them out among the others to make

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Speaker 4: it much more difficult to elect more than one candidate

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Speaker 4: of their choice. Dewel Ross with the Legal Defense Fund,

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Speaker 4: argued the case to change the congressional map.

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Speaker 1: This is a really important decision. It has implications nationally

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Speaker 1: for voting rights litigation all over the country, including in

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Speaker 1: places like Georgia and Louisiana.

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Speaker 4: Playing his attorney, Duel Ross spoke to ABC Global News

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Speaker 4: twenty four hours a day, powered by more than twenty

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Speaker 4: seven hundred journalist and analysts in over one hundred twenty countries.

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Speaker 4: Michael Barr, this is Bloomberg, Nathan.

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Speaker 6: Thank you, Michael.

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Speaker 2: Time now for the Bloomberg Sports update. Here with that

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Speaker 2: is John Stinshauer.

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Speaker 5: All right, Nathan, as heartbreaking losses go hard to top

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Speaker 5: what just happened to the Mets in Atlanta, considered how

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Speaker 5: much they needed a win out the end of five

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Speaker 5: game Lousion Street. They scored in five straight inning. Brandon

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Speaker 5: Nimmo at a grand slam Francisco Albarez omer twice. The

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Speaker 5: Mets led ten to six. In the sixth inning, back

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Speaker 5: came the Braves, Travis Darnaut to run homer eighth ining

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Speaker 5: off Drew Smith, Orlando Arcia game time solo shot with

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Speaker 5: one out of the ninth off David Robertson tenth Inny

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Speaker 5: and Ozzie Albis face Tommy Hunter two on two out

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Speaker 5: to pitch Swallon outed deep.

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Speaker 10: Braigfield, get out of here, Rosie home run back game.

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Speaker 2: If you asked for the dagger, Ben, you got the dagger.

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Speaker 2: Look at that celebration at home, playing a little party.

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Speaker 5: The Braves swept the Mets. They won thirteen to ten.

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Speaker 5: Yankees and White Sox split two at the Stadium. Chicago

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Speaker 5: hit four home runs in the opener, won six to five. Yanks,

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Speaker 5: then won three nothing behind rookie Randy Vaskaz the Yanks

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Speaker 5: of those struggling Red Sox. Tonight we'll see if the

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Speaker 5: Florida Panthers can come back and win the Stanley Cup Final.

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Speaker 5: They still trail Vegas two games to one, but winner

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Speaker 5: losing the series. Whatever run it's been for the Panthers,

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Speaker 5: seeded eight, faced elimination three times. In the first round

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Speaker 5: against Boston, they were one minute from losing Game seven,

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Speaker 5: and last night they were three minutes from trailing three nothing.

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Speaker 5: In the series. Matthew Kitchuck continued his great playoff with

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Speaker 5: the time goal. Carter Verheg scored an overtime. The Panthers

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Speaker 5: won three two. They are seven to zeroe overtime games.

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Speaker 5: NBA Finals tonight Denver, also at Miami, and the Nuggets

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Speaker 5: are up to one French j opin semifinals. This morning,

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Speaker 5: it's thirty six year old Novak Djokovic, the winner of

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Speaker 5: twenty two Grand slams, versus the twenty year old phenom

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Speaker 5: Carlos Alcaraz, who's actually the betting favorite today in Paris.

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Speaker 5: John stash Allen Bloomberg.

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Speaker 2: This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We

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Speaker 2: go right back to our top story of the morning,

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Speaker 2: federal charges against former President Donald Trump. We are told

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Speaker 2: the former president is facing seven counts from Special Counsel Jacksmith,

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Speaker 2: including wilful retention of national defense information, corruptly concealing documents,

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Speaker 2: and conspiracy to obstruct justice. All of this related to

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Speaker 2: his handling of classified documents taken from the White House

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Speaker 2: and stored at his home at barl Lago, Florida. To

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Speaker 2: dig into the details now, on the legal side of things,

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Speaker 2: we are joined once again by Bloomberg Legal analyst and

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Speaker 2: host of Bloomberg Law, June Grosso June. It's good to

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Speaker 2: have you back with us this morning. Tell us more

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Speaker 2: about what these charges mean and what kind of legal

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Speaker 2: jeopardy the former president is under right now.

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Speaker 12: Well, he's just serious charges. He faces years in prison

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Speaker 12: on many of these counts, and of course it hasn't

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Speaker 12: been unsealed yet, so we don't know for sure what

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Speaker 12: all the counts are, but some of them. For example,

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Speaker 12: willful retention of National defense documents is part of the

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Speaker 12: Espionage Act, and it says that any authorized person who

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Speaker 12: knowingly removes would intend to retain at an unauthorized location

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Speaker 12: classified documents about US defense. So you can see there

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Speaker 12: that it doesn't matter exactly where he kept them or whatever,

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Speaker 12: but you can see that that's one of the easier counts.

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Speaker 12: The conspiracy count is the most interesting, actually, because it

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Speaker 12: means that they have at least one other person. There

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Speaker 12: has to be an agreement for people to commit a

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Speaker 12: crime and a step taken, so they have another person

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Speaker 12: who is involved in this who is likely able to testify.

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Speaker 12: And what's interesting about this is that we know what

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Speaker 12: we've heard. It's been reported that there is an audio

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Speaker 12: tape of the former president waiving a document around and

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Speaker 12: saying that this document is about national secrets having to

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Speaker 12: do with Iran and that he shouldn't have it. So

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Speaker 12: what you see there is that they're trying to show

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Speaker 12: that there's an intent that he knows what he's doing,

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Speaker 12: and he knows they weren't that they weren't unclassified, as

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Speaker 12: he said so many times before. So I mean, I

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Speaker 12: think it's going to be pretty broad and we expect

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Speaker 12: to learn a lot more just by reading the indictment.

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Speaker 12: It might be a speaking indictment, which the one in

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Speaker 12: New York was not, which would tell us all the

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Speaker 12: information that it's based on.

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Speaker 2: Now we've heard from the president of the past defending

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Speaker 2: himself even before this indictment came down saying that he

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Speaker 2: had a standing order to declassified documents. He even told

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Speaker 2: a interviewer in one case that he could declassify documents

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Speaker 2: just by thinking about it. How could the former president

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Speaker 2: potentially defend himself against the Special Council charges.

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Speaker 12: So that's the real big question right now, because the

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Speaker 12: charges look pretty substantial, and that defense that he's raised

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Speaker 12: so many times that you mentioned, I mean, there just

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Speaker 12: is no backup for that defense. And also, from what

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Speaker 12: we understand from reports, the Special Council has called people

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Speaker 12: to testify before the grand jury that former President Trump

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Speaker 12: knew what the first proper procedure was for declassifying documents,

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Speaker 12: and so that would point to the fact that what

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Speaker 12: he's saying is just not true. He did declassify documents

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Speaker 12: in the proper way. That just seems not to fly.

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Speaker 12: So maybe they could say something about intent, that he

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Speaker 12: didn't have the intent to do any of these things. However,

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Speaker 12: there's a lot of information out there and a lot

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Speaker 12: of testimony that shows that he had did intend. I mean,

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Speaker 12: there's some information that there's a tape of a person

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Speaker 12: moving documents moving boxes at laur A Lago the day

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Speaker 12: before the Justice Department was coming in to collect documents,

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Speaker 12: and if he directed that person as is suspected or reported,

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Speaker 12: then that would show his intent. So there are a

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Speaker 12: lot of different pieces here, but I think I can't

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Speaker 12: see a definitive defense right now. Of course, we don't

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Speaker 12: know the facts, and we don't know all the facts.

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Speaker 12: We don't know all the charges. So you know, everyone

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Speaker 12: always happens is that you think, oh, there's no possible

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Speaker 12: defense here, Then lawyers come up with defenses. So we'll

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Speaker 12: have to wait and see on that.

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