Speaker 1: From the Bloomberg Interactive Brokers Studios. This is Bloomberg Daybreak
Speaker 1: for this Friday, June ninth.
Speaker 2: Coming up today, first foreign ex President Donald Trump charged
Speaker 2: for refusing to turn over classified documents.
Speaker 3: I'm an innocent man, I'm an innocent person.
Speaker 1: Well A Moore from Trump Plus analysis on the historic
Speaker 1: case and.
Speaker 2: Also the politics at play, how this impacts the run
Speaker 2: for the White House.
Speaker 4: Air Quality in New York City improves for the first
Speaker 4: time since Monday. Plus is surprise Supreme Court ruling on
Speaker 4: Alabama's congressional maps. I'm Michael Barr.
Speaker 5: More ahead, I'm John Stash Aaron sports, heartbreaking loss for
Speaker 5: the Mets, doubleheader split for the Yankees Florida in Vegas,
Speaker 5: and overtime in the Stanley Cup Final.
Speaker 6: That's all straight Ahead on Bloomberg day Break, the business
Speaker 6: news you need to stirn your day in just one
Speaker 6: fifteen minute podcast each morning on Apples, Spotify, the Bloomberg
Speaker 6: Business app and everywhere you get your podcasts.
Speaker 1: And good morning.
Speaker 2: I'm John Tucker, I'm Nathan Hager. We begin this morning
Speaker 2: with extraordinary news in presidential politics. For the first time
Speaker 2: in history, a former US president is facing federal charges.
Speaker 2: Sources tell us Donald Trump is facing seven counts over
Speaker 2: his refusal to return classified documents from his home in Florida.
Speaker 2: The former president maintained his innocence in a truth social
Speaker 2: post last night.
Speaker 3: It's election interference at the highest level. There's never been
Speaker 3: anything like what's happened. I'm an innocent man, I'm an
Speaker 3: innocent person, and we'll fight this out, just like we've
Speaker 3: been fighting for seven years. It would be wonderful if
Speaker 3: we could devote our full time to making America great again,
Speaker 3: and that's exactly what we did. But now again, our
Speaker 3: country is in decline. We're a failing nation, and this
Speaker 3: is what they do.
Speaker 2: The former president Trump says he's been asked to appear
Speaker 2: at the federal courthouse in Miami to face the charges
Speaker 2: on Tuesday and Nathan.
Speaker 1: Before word of the indictment came down, there were reports
Speaker 1: that charges were immin it and against that backdrop, President
Speaker 1: Biden rejected the idea that the case would be politically motivated, because.
Speaker 7: You notice I have never once, not one single time,
Speaker 7: suggested you're justice farmer what they should do or not do.
Speaker 7: Ra Elton bringing to charge and not bring to charge.
Speaker 6: I'm honest.
Speaker 1: President Biden addressed the matter following a joint news conference
Speaker 1: with the UK Prime Minister Richard Sunek.
Speaker 2: Non reaction is pouring into the indictment. Jenie Sheianzano is
Speaker 2: a political contributor for Bloomberg News.
Speaker 8: The word here is extraordinary. Never in American history have
Speaker 8: we seen something like this happen to a former president,
Speaker 8: let alone somebody who is the leading candidate for the
Speaker 8: nomination for the major party.
Speaker 6: Now.
Speaker 2: While this may be a big advantage for the former
Speaker 2: president's Republican opponents, Bloomberg's Wendy Benjaminson says it may not
Speaker 2: be enough to derail Trump's campaign.
Speaker 9: He may still despite the indictment, and despite being on
Speaker 9: trial during the primary season next year, he may still
Speaker 9: be able to pull off the nomination.
Speaker 2: Bloomberg's Wendy Benjaminson reports the indictment was filed under seal.
Speaker 2: Bloomberg News has learned to contain seven charges, including wilful
Speaker 2: retention of national defense information, corruptly concealing documents, and conspiracy
Speaker 2: to obstruct justice. For more on this extraordinary news, we
Speaker 2: bring in Julie Norman, co director of the Center on
Speaker 2: US Politics at University College London, professor, thanks for being
Speaker 2: with us this morning. And we've seen former president Trump
Speaker 2: take US politics into uncharted territory many times before, but
Speaker 2: federal charges against a former president, it's really something we've
Speaker 2: never seen before.
Speaker 10: It is indeed unprecedented, again, as things often are with Trump.
Speaker 10: The first federal criminal charges distinct from the state level charges,
Speaker 10: of course that we saw several months ago. Notable, of course,
Speaker 10: what these charges are regarding the wilful perhaps a wilful
Speaker 10: retention of national defense secrets, as well as obstruction of justice.
Speaker 10: So these are relatively serious charges for Trump. I will say, however, though,
Speaker 10: that Trump is, as usual trying to get out in
Speaker 10: front of it, put a lot of spin on it,
Speaker 10: show himself as the victim of a government witch hunt.
Speaker 10: And this is the same narrative that's being picked up
Speaker 10: by even many other Republican contenders for the primary nomination.
Speaker 10: So this is probably not going to hurt Trump that
Speaker 10: much with his supporters right off the bat.
Speaker 2: Might not hurt him with his supporters, but since we've
Speaker 2: brought it into the realm of presidential politics here, does
Speaker 2: this hurt him with some of those potential swing voters
Speaker 2: that might still be out there, you know, more than
Speaker 2: a year before the presidential election.
Speaker 10: Well, definitely, Nathan, and I think that's the important thing
Speaker 10: to keep in mind here is that the short term
Speaker 10: and the long term political implications of this for the primaries,
Speaker 10: for Trump's base. Again, if anything, this will probably galvanize
Speaker 10: him further. But if he does get that nomination, if
Speaker 10: he is in that general election, I do think this
Speaker 10: would hurt him with independence, with moderates and as you said,
Speaker 10: with those key swing voters that he needs would need
Speaker 10: to get him over the line.
Speaker 2: Again, this comes with the same Special Council still investigating
Speaker 2: the former president's efforts to overturn the twenty twenty Elie.
Speaker 2: This is just over the classified documents case at mar Lago.
Speaker 2: Could this potentially be more serious then the other investigation
Speaker 2: that this special Council is still mounting.
Speaker 10: We will probably still hear something from Department of Justice
Speaker 10: about if they're going to pursue anything for Trump regarding
Speaker 10: January sixth. I do think that would land it hit
Speaker 10: a little bit differently, but that's further down the road
Speaker 10: for this investigation. They have been looking at this for
Speaker 10: a while now and decide to go forward with these
Speaker 10: charges based on you a couple different pieces of evidence
Speaker 10: that I assume will come to light a bit more
Speaker 10: next week. But again, this is still on the backdrop
Speaker 10: of numerous state charges still playing out as well. We're
Speaker 10: still expecting something from Georgia. So this is one of many.
Speaker 10: But I would say the fact that it's federal, the
Speaker 10: fact that they do think they have a case here,
Speaker 10: is notable.
Speaker 2: The former president's competitors are going to have a difficulty
Speaker 2: staying out of the fray here. You mentioned that they've
Speaker 2: started to comment on this as well. Do you see
Speaker 2: this overshadowing the race when you have so many other
Speaker 2: candidates involved in this twenty twenty four campaign.
Speaker 10: Well, it does in a way, Nathan. I mean, I
Speaker 10: think this is one reason why Trump really just took
Speaker 10: over the headlines, you know, this spring and kind of
Speaker 10: pushed even you dissant as other people that we thought
Speaker 10: might be bigger players into a bit more of a
Speaker 10: sideline role because he was just in the headline so
Speaker 10: much with these legal challenges, and I think that will
Speaker 10: continue to be the case here, and it puts those
Speaker 10: candidates on you know, the response to then they can't
Speaker 10: talk about what they want to talk about they have
Speaker 10: to respond to what's happening with Trump.
Speaker 2: All right, thanks for this professor, Good to have you
Speaker 2: with us. That's Julie Norman, co director of the Center
Speaker 2: on US Politics at University College London. That's the political
Speaker 2: side of things. Stay tuned for legal analysis of the
Speaker 2: charges against former President Trump that is coming up shortly
Speaker 2: right here on Bloomberg Daybreak, and for a look at
Speaker 2: some of the other stories making news in New York
Speaker 2: and around the world. We're joined by Bloomberg's Michael Barr.
Speaker 2: Good morning, Michael, Good morning, Nathan.
Speaker 4: A thick, hazardous haze of wildfire smoke is looming over
Speaker 4: daily life for millions of people across the eastern US
Speaker 4: and Canada for a third day. The air quality in
Speaker 4: New York City improved to moderate overnight, according to data
Speaker 4: from the New York Department of Environmental Conservation. People in
Speaker 4: the city who are sensitive to particle pollution are still
Speaker 4: being advised to consider reducing their activity. Mayor Eric Adams
Speaker 4: says while conditions will likely improve throughout the weekend, people
Speaker 4: should keep their masks on and not let their guards down.
Speaker 7: We clearly understand that these crises that we're facing around
Speaker 7: our health is something we want to have to deal with.
Speaker 7: Climate change is real and we must be prepared as
Speaker 7: we are dealing with the issues that come from climate change.
Speaker 4: New Jersey Governor Phil Murphy says he spoke to Canadian authorities.
Speaker 11: And the scale of this is extraordinary. They said they
Speaker 11: had ten million acres burning, that that number was going
Speaker 11: to go up. They believed to twelve million. That there
Speaker 11: are over two hundred separate fires.
Speaker 4: The conditions sent as must sufferers to hospitals, delayed flights,
Speaker 4: postponed ball games, and pushed back a White House Pride
Speaker 4: Month celebration. The main suspect in the two thousand and
Speaker 4: five disappearance of Natalie Holloway is in Alabama after being
Speaker 4: handed over to US custody. Jurin van der Slute's arrival
Speaker 4: comes roughly a month after both countries agreed on his extradition.
Speaker 4: He is wanted in the US on account of extortion
Speaker 4: and wire fraud. Nearly two decades ago, Holloway disappeared during
Speaker 4: a high school graduation trip on the Caribbean island of Aruba.
Speaker 4: The Supreme Court decision ordering Alabama to withdraw its congressional
Speaker 4: maps was seen by many minority lawmakers and voting rights activists.
Speaker 4: As a stunning victory, The Court, in a five to
Speaker 4: four ruling, found that Alabama concentrated black voters in one
Speaker 4: district while spreading them out among the others to make
Speaker 4: it much more difficult to elect more than one candidate
Speaker 4: of their choice. Dewel Ross with the Legal Defense Fund,
Speaker 4: argued the case to change the congressional map.
Speaker 1: This is a really important decision. It has implications nationally
Speaker 1: for voting rights litigation all over the country, including in
Speaker 1: places like Georgia and Louisiana.
Speaker 4: Playing his attorney, Duel Ross spoke to ABC Global News
Speaker 4: twenty four hours a day, powered by more than twenty
Speaker 4: seven hundred journalist and analysts in over one hundred twenty countries.
Speaker 4: Michael Barr, this is Bloomberg, Nathan.
Speaker 6: Thank you, Michael.
Speaker 2: Time now for the Bloomberg Sports update. Here with that
Speaker 2: is John Stinshauer.
Speaker 5: All right, Nathan, as heartbreaking losses go hard to top
Speaker 5: what just happened to the Mets in Atlanta, considered how
Speaker 5: much they needed a win out the end of five
Speaker 5: game Lousion Street. They scored in five straight inning. Brandon
Speaker 5: Nimmo at a grand slam Francisco Albarez omer twice. The
Speaker 5: Mets led ten to six. In the sixth inning, back
Speaker 5: came the Braves, Travis Darnaut to run homer eighth ining
Speaker 5: off Drew Smith, Orlando Arcia game time solo shot with
Speaker 5: one out of the ninth off David Robertson tenth Inny
Speaker 5: and Ozzie Albis face Tommy Hunter two on two out
Speaker 5: to pitch Swallon outed deep.
Speaker 10: Braigfield, get out of here, Rosie home run back game.
Speaker 2: If you asked for the dagger, Ben, you got the dagger.
Speaker 2: Look at that celebration at home, playing a little party.
Speaker 5: The Braves swept the Mets. They won thirteen to ten.
Speaker 5: Yankees and White Sox split two at the Stadium. Chicago
Speaker 5: hit four home runs in the opener, won six to five. Yanks,
Speaker 5: then won three nothing behind rookie Randy Vaskaz the Yanks
Speaker 5: of those struggling Red Sox. Tonight we'll see if the
Speaker 5: Florida Panthers can come back and win the Stanley Cup Final.
Speaker 5: They still trail Vegas two games to one, but winner
Speaker 5: losing the series. Whatever run it's been for the Panthers,
Speaker 5: seeded eight, faced elimination three times. In the first round
Speaker 5: against Boston, they were one minute from losing Game seven,
Speaker 5: and last night they were three minutes from trailing three nothing.
Speaker 5: In the series. Matthew Kitchuck continued his great playoff with
Speaker 5: the time goal. Carter Verheg scored an overtime. The Panthers
Speaker 5: won three two. They are seven to zeroe overtime games.
Speaker 5: NBA Finals tonight Denver, also at Miami, and the Nuggets
Speaker 5: are up to one French j opin semifinals. This morning,
Speaker 5: it's thirty six year old Novak Djokovic, the winner of
Speaker 5: twenty two Grand slams, versus the twenty year old phenom
Speaker 5: Carlos Alcaraz, who's actually the betting favorite today in Paris.
Speaker 5: John stash Allen Bloomberg.
Speaker 6: Sports from coast to coast, from New York to San Francisco,
Speaker 6: Boston to Washington, d C. Nationwide on SYRIASXAM, the Bloomberg
Speaker 6: Business app in Bloomberg dot Com.
Speaker 2: This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We
Speaker 2: go right back to our top story of the morning,
Speaker 2: federal charges against former President Donald Trump. We are told
Speaker 2: the former president is facing seven counts from Special Counsel Jacksmith,
Speaker 2: including wilful retention of national defense information, corruptly concealing documents,
Speaker 2: and conspiracy to obstruct justice. All of this related to
Speaker 2: his handling of classified documents taken from the White House
Speaker 2: and stored at his home at barl Lago, Florida. To
Speaker 2: dig into the details now, on the legal side of things,
Speaker 2: we are joined once again by Bloomberg Legal analyst and
Speaker 2: host of Bloomberg Law, June Grosso June. It's good to
Speaker 2: have you back with us this morning. Tell us more
Speaker 2: about what these charges mean and what kind of legal
Speaker 2: jeopardy the former president is under right now.
Speaker 12: Well, he's just serious charges. He faces years in prison
Speaker 12: on many of these counts, and of course it hasn't
Speaker 12: been unsealed yet, so we don't know for sure what
Speaker 12: all the counts are, but some of them. For example,
Speaker 12: willful retention of National defense documents is part of the
Speaker 12: Espionage Act, and it says that any authorized person who
Speaker 12: knowingly removes would intend to retain at an unauthorized location
Speaker 12: classified documents about US defense. So you can see there
Speaker 12: that it doesn't matter exactly where he kept them or whatever,
Speaker 12: but you can see that that's one of the easier counts.
Speaker 12: The conspiracy count is the most interesting, actually, because it
Speaker 12: means that they have at least one other person. There
Speaker 12: has to be an agreement for people to commit a
Speaker 12: crime and a step taken, so they have another person
Speaker 12: who is involved in this who is likely able to testify.
Speaker 12: And what's interesting about this is that we know what
Speaker 12: we've heard. It's been reported that there is an audio
Speaker 12: tape of the former president waiving a document around and
Speaker 12: saying that this document is about national secrets having to
Speaker 12: do with Iran and that he shouldn't have it. So
Speaker 12: what you see there is that they're trying to show
Speaker 12: that there's an intent that he knows what he's doing,
Speaker 12: and he knows they weren't that they weren't unclassified, as
Speaker 12: he said so many times before. So I mean, I
Speaker 12: think it's going to be pretty broad and we expect
Speaker 12: to learn a lot more just by reading the indictment.
Speaker 12: It might be a speaking indictment, which the one in
Speaker 12: New York was not, which would tell us all the
Speaker 12: information that it's based on.
Speaker 2: Now we've heard from the president of the past defending
Speaker 2: himself even before this indictment came down saying that he
Speaker 2: had a standing order to declassified documents. He even told
Speaker 2: a interviewer in one case that he could declassify documents
Speaker 2: just by thinking about it. How could the former president
Speaker 2: potentially defend himself against the Special Council charges.
Speaker 12: So that's the real big question right now, because the
Speaker 12: charges look pretty substantial, and that defense that he's raised
Speaker 12: so many times that you mentioned, I mean, there just
Speaker 12: is no backup for that defense. And also, from what
Speaker 12: we understand from reports, the Special Council has called people
Speaker 12: to testify before the grand jury that former President Trump
Speaker 12: knew what the first proper procedure was for declassifying documents,
Speaker 12: and so that would point to the fact that what
Speaker 12: he's saying is just not true. He did declassify documents
Speaker 12: in the proper way. That just seems not to fly.
Speaker 12: So maybe they could say something about intent, that he
Speaker 12: didn't have the intent to do any of these things. However,
Speaker 12: there's a lot of information out there and a lot
Speaker 12: of testimony that shows that he had did intend. I mean,
Speaker 12: there's some information that there's a tape of a person
Speaker 12: moving documents moving boxes at laur A Lago the day
Speaker 12: before the Justice Department was coming in to collect documents,
Speaker 12: and if he directed that person as is suspected or reported,
Speaker 12: then that would show his intent. So there are a
Speaker 12: lot of different pieces here, but I think I can't
Speaker 12: see a definitive defense right now. Of course, we don't
Speaker 12: know the facts, and we don't know all the facts.
Speaker 12: We don't know all the charges. So you know, everyone
Speaker 12: always happens is that you think, oh, there's no possible
Speaker 12: defense here, Then lawyers come up with defenses. So we'll
Speaker 12: have to wait and see on that.
Speaker 13: This is Bloomberg Daybreak today, your morning brief on the
Speaker 13: stories making news from Wall Street to Washington and beyond.
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