WEBVTT - Trump Charged in First for an Ex-President

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<v Speaker 1>From the Bloomberg Interactive Brokers Studios. This is Bloomberg Daybreak

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<v Speaker 1>for this Friday, June ninth.

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<v Speaker 2>Coming up today, first foreign ex President Donald Trump charged

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<v Speaker 2>for refusing to turn over classified documents.

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<v Speaker 3>I'm an innocent man, I'm an innocent person.

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<v Speaker 1>Well A Moore from Trump Plus analysis on the historic

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<v Speaker 1>case and.

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<v Speaker 2>Also the politics at play, how this impacts the run

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<v Speaker 2>for the White House.

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<v Speaker 4>Air Quality in New York City improves for the first

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<v Speaker 4>time since Monday. Plus is surprise Supreme Court ruling on

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<v Speaker 4>Alabama's congressional maps. I'm Michael Barr.

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<v Speaker 5>More ahead, I'm John Stash Aaron sports, heartbreaking loss for

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<v Speaker 5>the Mets, doubleheader split for the Yankees Florida in Vegas,

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<v Speaker 5>and overtime in the Stanley Cup Final.

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<v Speaker 6>That's all straight Ahead on Bloomberg day Break, the business

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<v Speaker 6>news you need to stirn your day in just one

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<v Speaker 6>fifteen minute podcast each morning on Apples, Spotify, the Bloomberg

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<v Speaker 6>Business app and everywhere you get your podcasts.

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<v Speaker 1>And good morning.

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<v Speaker 2>I'm John Tucker, I'm Nathan Hager. We begin this morning

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<v Speaker 2>with extraordinary news in presidential politics. For the first time

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<v Speaker 2>in history, a former US president is facing federal charges.

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<v Speaker 2>Sources tell us Donald Trump is facing seven counts over

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<v Speaker 2>his refusal to return classified documents from his home in Florida.

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<v Speaker 2>The former president maintained his innocence in a truth social

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<v Speaker 2>post last night.

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<v Speaker 3>It's election interference at the highest level. There's never been

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<v Speaker 3>anything like what's happened. I'm an innocent man, I'm an

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<v Speaker 3>innocent person, and we'll fight this out, just like we've

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<v Speaker 3>been fighting for seven years. It would be wonderful if

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<v Speaker 3>we could devote our full time to making America great again,

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

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

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<v Speaker 3>is what they do.

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<v Speaker 2>The former president Trump says he's been asked to appear

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<v Speaker 2>at the federal courthouse in Miami to face the charges

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<v Speaker 2>on Tuesday and Nathan.

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<v Speaker 1>Before word of the indictment came down, there were reports

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<v Speaker 1>that charges were immin it and against that backdrop, President

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<v Speaker 1>Biden rejected the idea that the case would be politically motivated, because.

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<v Speaker 7>You notice I have never once, not one single time,

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<v Speaker 7>suggested you're justice farmer what they should do or not do.

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<v Speaker 7>Ra Elton bringing to charge and not bring to charge.

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<v Speaker 6>I'm honest.

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<v Speaker 1>President Biden addressed the matter following a joint news conference

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<v Speaker 1>with the UK Prime Minister Richard Sunek.

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<v Speaker 2>Non reaction is pouring into the indictment. Jenie Sheianzano is

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<v Speaker 2>a political contributor for Bloomberg News.

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<v Speaker 8>The word here is extraordinary. Never in American history have

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<v Speaker 8>we seen something like this happen to a former president,

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<v Speaker 8>let alone somebody who is the leading candidate for the

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<v Speaker 8>nomination for the major party.

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<v Speaker 6>Now.

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<v Speaker 2>While this may be a big advantage for the former

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<v Speaker 2>president's Republican opponents, Bloomberg's Wendy Benjaminson says it may not

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<v Speaker 2>be enough to derail Trump's campaign.

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<v Speaker 9>He may still despite the indictment, and despite being on

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<v Speaker 9>trial during the primary season next year, he may still

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<v Speaker 9>be able to pull off the nomination.

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<v Speaker 2>Bloomberg's Wendy Benjaminson reports the indictment was filed under seal.

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<v Speaker 2>Bloomberg News has learned to contain seven charges, including wilful

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<v Speaker 2>retention of national defense information, corruptly concealing documents, and conspiracy

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<v Speaker 2>to obstruct justice. For more on this extraordinary news, we

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<v Speaker 2>bring in Julie Norman, co director of the Center on

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<v Speaker 2>US Politics at University College London, professor, thanks for being

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<v Speaker 2>with us this morning. And we've seen former president Trump

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<v Speaker 2>take US politics into uncharted territory many times before, but

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

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<v Speaker 2>never seen before.

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<v Speaker 10>It is indeed unprecedented, again, as things often are with Trump.

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<v Speaker 10>The first federal criminal charges distinct from the state level charges,

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<v Speaker 10>of course that we saw several months ago. Notable, of course,

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<v Speaker 10>what these charges are regarding the wilful perhaps a wilful

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<v Speaker 10>retention of national defense secrets, as well as obstruction of justice.

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

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<v Speaker 10>that Trump is, as usual trying to get out in

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<v Speaker 10>front of it, put a lot of spin on it,

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<v Speaker 10>show himself as the victim of a government witch hunt.

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<v Speaker 10>And this is the same narrative that's being picked up

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<v Speaker 10>by even many other Republican contenders for the primary nomination.

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<v Speaker 10>So this is probably not going to hurt Trump that

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<v Speaker 10>much with his supporters right off the bat.

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<v Speaker 2>Might not hurt him with his supporters, but since we've

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<v Speaker 2>brought it into the realm of presidential politics here, does

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<v Speaker 2>this hurt him with some of those potential swing voters

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<v Speaker 2>that might still be out there, you know, more than

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<v Speaker 2>a year before the presidential election.

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<v Speaker 10>Well, definitely, Nathan, and I think that's the important thing

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<v Speaker 10>to keep in mind here is that the short term

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<v Speaker 10>and the long term political implications of this for the primaries,

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

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<v Speaker 10>him further. But if he does get that nomination, if

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<v Speaker 10>he is in that general election, I do think this

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<v Speaker 10>would hurt him with independence, with moderates and as you said,

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<v Speaker 10>with those key swing voters that he needs would need

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<v Speaker 10>to get him over the line.

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<v Speaker 2>Again, this comes with the same Special Council still investigating

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<v Speaker 2>the former president's efforts to overturn the twenty twenty Elie.

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<v Speaker 2>This is just over the classified documents case at mar Lago.

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<v Speaker 2>Could this potentially be more serious then the other investigation

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<v Speaker 2>that this special Council is still mounting.

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<v Speaker 10>We will probably still hear something from Department of Justice

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<v Speaker 10>about if they're going to pursue anything for Trump regarding

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<v Speaker 10>January sixth. I do think that would land it hit

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<v Speaker 10>a little bit differently, but that's further down the road

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<v Speaker 10>for this investigation. They have been looking at this for

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<v Speaker 10>a while now and decide to go forward with these

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<v Speaker 10>charges based on you a couple different pieces of evidence

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<v Speaker 10>that I assume will come to light a bit more

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<v Speaker 10>next week. But again, this is still on the backdrop

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<v Speaker 10>of numerous state charges still playing out as well. We're

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<v Speaker 10>still expecting something from Georgia. So this is one of many.

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<v Speaker 10>But I would say the fact that it's federal, the

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<v Speaker 10>fact that they do think they have a case here,

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<v Speaker 10>is notable.

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<v Speaker 2>The former president's competitors are going to have a difficulty

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<v Speaker 2>staying out of the fray here. You mentioned that they've

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<v Speaker 2>started to comment on this as well. Do you see

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<v Speaker 2>this overshadowing the race when you have so many other

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<v Speaker 2>candidates involved in this twenty twenty four campaign.

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<v Speaker 10>Well, it does in a way, Nathan. I mean, I

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<v Speaker 10>think this is one reason why Trump really just took

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<v Speaker 10>over the headlines, you know, this spring and kind of

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<v Speaker 10>pushed even you dissant as other people that we thought

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<v Speaker 10>might be bigger players into a bit more of a

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<v Speaker 10>sideline role because he was just in the headline so

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<v Speaker 10>much with these legal challenges, and I think that will

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<v Speaker 10>continue to be the case here, and it puts those

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<v Speaker 10>candidates on you know, the response to then they can't

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<v Speaker 10>talk about what they want to talk about they have

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<v Speaker 10>to respond to what's happening with Trump.

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<v Speaker 2>All right, thanks for this professor, Good to have you

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

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<v Speaker 2>on US Politics at University College London. That's the political

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<v Speaker 2>side of things. Stay tuned for legal analysis of the

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<v Speaker 2>charges against former President Trump that is coming up shortly

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<v Speaker 2>right here on Bloomberg Daybreak, and for a look at

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<v Speaker 2>some of the other stories making news in New York

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

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<v Speaker 2>Good morning, Michael, Good morning, Nathan.

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<v Speaker 4>A thick, hazardous haze of wildfire smoke is looming over

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<v Speaker 4>daily life for millions of people across the eastern US

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<v Speaker 4>and Canada for a third day. The air quality in

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<v Speaker 4>New York City improved to moderate overnight, according to data

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<v Speaker 4>from the New York Department of Environmental Conservation. People in

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<v Speaker 4>the city who are sensitive to particle pollution are still

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<v Speaker 4>being advised to consider reducing their activity. Mayor Eric Adams

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<v Speaker 4>says while conditions will likely improve throughout the weekend, people

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<v Speaker 4>should keep their masks on and not let their guards down.

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<v Speaker 7>We clearly understand that these crises that we're facing around

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<v Speaker 7>our health is something we want to have to deal with.

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<v Speaker 7>Climate change is real and we must be prepared as

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<v Speaker 7>we are dealing with the issues that come from climate change.

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<v Speaker 4>New Jersey Governor Phil Murphy says he spoke to Canadian authorities.

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<v Speaker 11>And the scale of this is extraordinary. They said they

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<v Speaker 11>had ten million acres burning, that that number was going

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<v Speaker 11>to go up. They believed to twelve million. That there

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<v Speaker 11>are over two hundred separate fires.

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<v Speaker 4>The conditions sent as must sufferers to hospitals, delayed flights,

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<v Speaker 4>postponed ball games, and pushed back a White House Pride

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<v Speaker 4>Month celebration. The main suspect in the two thousand and

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<v Speaker 4>five disappearance of Natalie Holloway is in Alabama after being

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<v Speaker 4>handed over to US custody. Jurin van der Slute's arrival

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<v Speaker 4>comes roughly a month after both countries agreed on his extradition.

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<v Speaker 4>He is wanted in the US on account of extortion

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<v Speaker 4>and wire fraud. Nearly two decades ago, Holloway disappeared during

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<v Speaker 4>a high school graduation trip on the Caribbean island of Aruba.

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<v Speaker 4>The Supreme Court decision ordering Alabama to withdraw its congressional

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<v Speaker 4>maps was seen by many minority lawmakers and voting rights activists.

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<v Speaker 4>As a stunning victory, The Court, in a five to

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<v Speaker 4>four ruling, found that Alabama concentrated black voters in one

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<v Speaker 4>district while spreading them out among the others to make

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<v Speaker 4>it much more difficult to elect more than one candidate

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<v Speaker 4>of their choice. Dewel Ross with the Legal Defense Fund,

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<v Speaker 4>argued the case to change the congressional map.

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<v Speaker 1>This is a really important decision. It has implications nationally

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<v Speaker 1>for voting rights litigation all over the country, including in

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<v Speaker 1>places like Georgia and Louisiana.

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<v Speaker 4>Playing his attorney, Duel Ross spoke to ABC Global News

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<v Speaker 4>twenty four hours a day, powered by more than twenty

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<v Speaker 4>seven hundred journalist and analysts in over one hundred twenty countries.

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<v Speaker 4>Michael Barr, this is Bloomberg, Nathan.

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<v Speaker 6>Thank you, Michael.

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<v Speaker 2>Time now for the Bloomberg Sports update. Here with that

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<v Speaker 2>is John Stinshauer.

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<v Speaker 5>All right, Nathan, as heartbreaking losses go hard to top

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<v Speaker 5>what just happened to the Mets in Atlanta, considered how

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<v Speaker 5>much they needed a win out the end of five

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<v Speaker 5>game Lousion Street. They scored in five straight inning. Brandon

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<v Speaker 5>Nimmo at a grand slam Francisco Albarez omer twice. The

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<v Speaker 5>Mets led ten to six. In the sixth inning, back

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<v Speaker 5>came the Braves, Travis Darnaut to run homer eighth ining

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<v Speaker 5>off Drew Smith, Orlando Arcia game time solo shot with

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<v Speaker 5>one out of the ninth off David Robertson tenth Inny

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<v Speaker 5>and Ozzie Albis face Tommy Hunter two on two out

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<v Speaker 5>to pitch Swallon outed deep.

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<v Speaker 10>Braigfield, get out of here, Rosie home run back game.

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<v Speaker 2>If you asked for the dagger, Ben, you got the dagger.

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<v Speaker 2>Look at that celebration at home, playing a little party.

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<v Speaker 5>The Braves swept the Mets. They won thirteen to ten.

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<v Speaker 5>Yankees and White Sox split two at the Stadium. Chicago

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

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<v Speaker 5>then won three nothing behind rookie Randy Vaskaz the Yanks

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<v Speaker 5>of those struggling Red Sox. Tonight we'll see if the

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<v Speaker 5>Florida Panthers can come back and win the Stanley Cup Final.

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<v Speaker 5>They still trail Vegas two games to one, but winner

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<v Speaker 5>losing the series. Whatever run it's been for the Panthers,

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<v Speaker 5>seeded eight, faced elimination three times. In the first round

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<v Speaker 5>against Boston, they were one minute from losing Game seven,

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<v Speaker 5>and last night they were three minutes from trailing three nothing.

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<v Speaker 5>In the series. Matthew Kitchuck continued his great playoff with

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<v Speaker 5>the time goal. Carter Verheg scored an overtime. The Panthers

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<v Speaker 5>won three two. They are seven to zeroe overtime games.

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<v Speaker 5>NBA Finals tonight Denver, also at Miami, and the Nuggets

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<v Speaker 5>are up to one French j opin semifinals. This morning,

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<v Speaker 5>it's thirty six year old Novak Djokovic, the winner of

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<v Speaker 5>twenty two Grand slams, versus the twenty year old phenom

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

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<v Speaker 5>John stash Allen Bloomberg.

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<v Speaker 6>Sports from coast to coast, from New York to San Francisco,

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<v Speaker 6>Boston to Washington, d C. Nationwide on SYRIASXAM, the Bloomberg

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<v Speaker 6>Business app in Bloomberg dot Com.

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

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<v Speaker 2>go right back to our top story of the morning,

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<v Speaker 2>federal charges against former President Donald Trump. We are told

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<v Speaker 2>the former president is facing seven counts from Special Counsel Jacksmith,

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<v Speaker 2>including wilful retention of national defense information, corruptly concealing documents,

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<v Speaker 2>and conspiracy to obstruct justice. All of this related to

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<v Speaker 2>his handling of classified documents taken from the White House

0:11:51.400 --> 0:11:53.720
<v Speaker 2>and stored at his home at barl Lago, Florida. To

0:11:53.760 --> 0:11:56.559
<v Speaker 2>dig into the details now, on the legal side of things,

0:11:56.640 --> 0:11:59.200
<v Speaker 2>we are joined once again by Bloomberg Legal analyst and

0:11:59.280 --> 0:12:02.280
<v Speaker 2>host of Bloomberg Law, June Grosso June. It's good to

0:12:02.280 --> 0:12:04.440
<v Speaker 2>have you back with us this morning. Tell us more

0:12:04.480 --> 0:12:06.880
<v Speaker 2>about what these charges mean and what kind of legal

0:12:06.960 --> 0:12:09.400
<v Speaker 2>jeopardy the former president is under right now.

0:12:09.520 --> 0:12:13.160
<v Speaker 12>Well, he's just serious charges. He faces years in prison

0:12:13.760 --> 0:12:16.600
<v Speaker 12>on many of these counts, and of course it hasn't

0:12:16.640 --> 0:12:19.600
<v Speaker 12>been unsealed yet, so we don't know for sure what

0:12:19.800 --> 0:12:22.720
<v Speaker 12>all the counts are, but some of them. For example,

0:12:22.920 --> 0:12:28.800
<v Speaker 12>willful retention of National defense documents is part of the

0:12:29.000 --> 0:12:32.560
<v Speaker 12>Espionage Act, and it says that any authorized person who

0:12:32.640 --> 0:12:37.280
<v Speaker 12>knowingly removes would intend to retain at an unauthorized location

0:12:37.440 --> 0:12:42.200
<v Speaker 12>classified documents about US defense. So you can see there

0:12:42.240 --> 0:12:47.280
<v Speaker 12>that it doesn't matter exactly where he kept them or whatever,

0:12:47.360 --> 0:12:50.360
<v Speaker 12>but you can see that that's one of the easier counts.

0:12:50.440 --> 0:12:54.560
<v Speaker 12>The conspiracy count is the most interesting, actually, because it

0:12:54.679 --> 0:12:58.080
<v Speaker 12>means that they have at least one other person. There

0:12:58.080 --> 0:13:01.160
<v Speaker 12>has to be an agreement for people to commit a

0:13:01.200 --> 0:13:03.959
<v Speaker 12>crime and a step taken, so they have another person

0:13:04.360 --> 0:13:08.679
<v Speaker 12>who is involved in this who is likely able to testify.

0:13:09.240 --> 0:13:12.840
<v Speaker 12>And what's interesting about this is that we know what

0:13:12.880 --> 0:13:17.040
<v Speaker 12>we've heard. It's been reported that there is an audio

0:13:17.080 --> 0:13:22.120
<v Speaker 12>tape of the former president waiving a document around and

0:13:22.280 --> 0:13:27.200
<v Speaker 12>saying that this document is about national secrets having to

0:13:27.240 --> 0:13:29.959
<v Speaker 12>do with Iran and that he shouldn't have it. So

0:13:30.080 --> 0:13:32.880
<v Speaker 12>what you see there is that they're trying to show

0:13:32.960 --> 0:13:36.400
<v Speaker 12>that there's an intent that he knows what he's doing,

0:13:36.440 --> 0:13:40.040
<v Speaker 12>and he knows they weren't that they weren't unclassified, as

0:13:40.080 --> 0:13:42.880
<v Speaker 12>he said so many times before. So I mean, I

0:13:42.880 --> 0:13:46.280
<v Speaker 12>think it's going to be pretty broad and we expect

0:13:46.360 --> 0:13:49.520
<v Speaker 12>to learn a lot more just by reading the indictment.

0:13:49.960 --> 0:13:52.920
<v Speaker 12>It might be a speaking indictment, which the one in

0:13:52.960 --> 0:13:55.280
<v Speaker 12>New York was not, which would tell us all the

0:13:55.320 --> 0:13:57.640
<v Speaker 12>information that it's based on.

0:13:58.160 --> 0:14:00.720
<v Speaker 2>Now we've heard from the president of the past defending

0:14:00.800 --> 0:14:03.760
<v Speaker 2>himself even before this indictment came down saying that he

0:14:03.840 --> 0:14:07.560
<v Speaker 2>had a standing order to declassified documents. He even told

0:14:07.679 --> 0:14:11.920
<v Speaker 2>a interviewer in one case that he could declassify documents

0:14:12.000 --> 0:14:14.920
<v Speaker 2>just by thinking about it. How could the former president

0:14:15.040 --> 0:14:19.120
<v Speaker 2>potentially defend himself against the Special Council charges.

0:14:19.600 --> 0:14:22.840
<v Speaker 12>So that's the real big question right now, because the

0:14:22.960 --> 0:14:27.120
<v Speaker 12>charges look pretty substantial, and that defense that he's raised

0:14:27.120 --> 0:14:30.240
<v Speaker 12>so many times that you mentioned, I mean, there just

0:14:30.440 --> 0:14:35.040
<v Speaker 12>is no backup for that defense. And also, from what

0:14:35.240 --> 0:14:40.280
<v Speaker 12>we understand from reports, the Special Council has called people

0:14:40.320 --> 0:14:44.720
<v Speaker 12>to testify before the grand jury that former President Trump

0:14:44.920 --> 0:14:49.440
<v Speaker 12>knew what the first proper procedure was for declassifying documents,

0:14:49.920 --> 0:14:52.640
<v Speaker 12>and so that would point to the fact that what

0:14:52.760 --> 0:14:58.040
<v Speaker 12>he's saying is just not true. He did declassify documents

0:14:58.080 --> 0:15:02.000
<v Speaker 12>in the proper way. That just seems not to fly.

0:15:02.280 --> 0:15:06.160
<v Speaker 12>So maybe they could say something about intent, that he

0:15:06.200 --> 0:15:10.280
<v Speaker 12>didn't have the intent to do any of these things. However,

0:15:10.320 --> 0:15:13.240
<v Speaker 12>there's a lot of information out there and a lot

0:15:13.280 --> 0:15:17.840
<v Speaker 12>of testimony that shows that he had did intend. I mean,

0:15:18.200 --> 0:15:24.040
<v Speaker 12>there's some information that there's a tape of a person

0:15:24.240 --> 0:15:29.360
<v Speaker 12>moving documents moving boxes at laur A Lago the day

0:15:29.440 --> 0:15:34.080
<v Speaker 12>before the Justice Department was coming in to collect documents,

0:15:34.560 --> 0:15:40.400
<v Speaker 12>and if he directed that person as is suspected or reported,

0:15:40.840 --> 0:15:43.960
<v Speaker 12>then that would show his intent. So there are a

0:15:44.000 --> 0:15:47.880
<v Speaker 12>lot of different pieces here, but I think I can't

0:15:47.920 --> 0:15:52.040
<v Speaker 12>see a definitive defense right now. Of course, we don't

0:15:52.040 --> 0:15:54.880
<v Speaker 12>know the facts, and we don't know all the facts.

0:15:54.960 --> 0:15:58.280
<v Speaker 12>We don't know all the charges. So you know, everyone

0:15:58.480 --> 0:16:01.760
<v Speaker 12>always happens is that you think, oh, there's no possible

0:16:01.760 --> 0:16:05.280
<v Speaker 12>defense here, Then lawyers come up with defenses. So we'll

0:16:05.320 --> 0:16:06.320
<v Speaker 12>have to wait and see on that.

0:16:08.160 --> 0:16:11.240
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