Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I maybe
Speaker 1: Morris and I'm Karen Moscow. Here are the stories we're
Speaker 1: following today.
Speaker 2: We begin with breaking news in Baltimore and what the
Speaker 2: city's fire department is calling a dire emergency after one
Speaker 2: of the city's major bridges was struck by a container ship.
Speaker 2: Bloomberg Steve Potus has the very latest this morning.
Speaker 3: A portion of the Francis Scott Key Bridge collapsed after
Speaker 3: it was struck by a large vessel. It caught on
Speaker 3: fire before sinking and caused several vehicles to fall into
Speaker 3: the Patapsco River. A spokesperson for the Baltimore Fire Department
Speaker 3: tells the Associated Press that authorities are searching for at
Speaker 3: least seven people believed to be in the water, and
Speaker 3: are calling the collapse a developing mass casualty event. A
Speaker 3: fire department spokesperson says agencies received nine to one one
Speaker 3: calls around one thirty am reporting that a vessel traveling
Speaker 3: outbound from Baltimore struck a column on the bridge. Multiple
Speaker 3: vehicles were reportedly on the bridge at the time, including
Speaker 3: one the size of a tractor trailer. The spokesperson added
Speaker 3: that conditions on the bridge are unstable and unsafe, prompting
Speaker 3: emergency responders to operate cautiously. Baltimore's Mayor, Brandon M. Scott
Speaker 3: posted on x that he is in contact with the
Speaker 3: fire Department, Maryland's governor, and other officials, and that emergency
Speaker 3: efforts are underway in Washington. I'm Steve Potisk Bloomberg Radio.
Speaker 3: All right, Steve, thank you.
Speaker 1: We of course I'll bring you the latest developments all
Speaker 1: morning on the bridge collapse. We now turn to the
Speaker 1: latest legal news involving Donald Trump. Hey federal judge in
Speaker 1: New York denied a motion to delay the hush money
Speaker 1: case against the former president. Judge wanmer Shawn has ordered
Speaker 1: the trial to begin with jury selection on April fifteenth.
Speaker 1: Trump says the trial should have been done long ago.
Speaker 4: They could have started this when I left office. You
Speaker 4: could have gone back three years more than that I
Speaker 4: left office. All of these things could have been started,
Speaker 4: so we wouldn't be quippling over starting this week or
Speaker 4: that week, or two days or three days. It wouldn't
Speaker 4: have mattered. This thing would have been over two years ago.
Speaker 1: Trump called the judge's decision to hold the trial next
Speaker 1: month completely unfair. Because of the timing before the presidential election.
Speaker 2: Meanwhile, Trump's business empire was supposed to be in peril.
Speaker 2: Yesterday Monday was the deadline for Trump to pay a
Speaker 2: bond of more than a half billion dollars or risks
Speaker 2: the state of New York seizing his assets. Well Instead,
Speaker 2: a state appeals court tossed Trump a lifeline, slashing the
Speaker 2: amount he'd have to post to one hundred and seventy
Speaker 2: five million, in amount he says he can cover within
Speaker 2: ten days. The appeals court in Manhattan did not offer
Speaker 2: any explanation behind that decision.
Speaker 1: Wellami, the former president also got some good news on
Speaker 1: the financial front. Shares of the blank Chet company, merging
Speaker 1: with Trump's social media startup are surging as it begins
Speaker 1: trading today. Begin more from Bloomberg's John Tucker.
Speaker 5: Donald Trump's social media company, Trump Media and Technology Group,
Speaker 5: wrapped up a twenty nine month long merger process, meaning
Speaker 5: shares worth billions of dollars on paper are now officially Trump's.
Speaker 5: All told, his net worth increased by more than four
Speaker 5: billion dollars. That means, for the first time ever, Trump
Speaker 5: has joined the ranks of the world's wealthiest five hundred people.
Speaker 5: On the Bloomberg Billionaires Index, with a fortune of six
Speaker 5: point five billion as it stands now, he can't cash
Speaker 5: in on his windfall from Trump Media's merger with Digital
Speaker 5: World acquisition. That's because his shares are locked up for
Speaker 5: roughly six months. John Tucker, Bloomberg Radio, All.
Speaker 1: Right, John, Thanks, and Trump Media and Technology Group will
Speaker 1: trade under the symbol DJT. It's up twenty percent in
Speaker 1: early trading.
Speaker 2: And while Trump's wealth is rising on paper, he is
Speaker 2: losing ground. In the latest Bloomberg News Morning Consolet poll
Speaker 2: on the presidential election, it shows President Biden improving against
Speaker 2: the former president. Bloomberg's Nancy Llons has more on the findings.
Speaker 6: President Biden is in the strongest position yet in the
Speaker 6: monthly poll, within gaining ground in six of seven key
Speaker 6: swing states. He's notching significant gains in at least two
Speaker 6: of them, including Wisconsin, where he now leads former President
Speaker 6: Trump by one point after trailing by four last month.
Speaker 6: He's also gaining in Pennsylvania, where the two are tied
Speaker 6: after Biden was behind by six points in February. The
Speaker 6: two are also tied in Michigan, but Biden still lags
Speaker 6: Trump in four other Crucial states. It's unknown if this
Speaker 6: is a one time bump after Biden's State of the
Speaker 6: Union address or the start of a durable change in Washington.
Speaker 6: Nancy Lyons Bloomberg Radio, all.
Speaker 1: Right, Nancy. Thanks. In geopolitical news, the US is explaining
Speaker 1: why it abstained on the UN Security resolution regarding the
Speaker 1: war in Gozam, and Bloomberg's and Baxter has that story.
Speaker 7: The decision caused Prime Minister Benjamin that and Yahoo to
Speaker 7: call off sending a delegation to the US to talk.
Speaker 7: State Department spokes on Matthew Miller says there were things
Speaker 7: in it that the US agreed with and some that
Speaker 7: it did not.
Speaker 8: The reason we didn't veto it is because there are
Speaker 8: also things in that resolution that were consistent with our
Speaker 8: long term position, most importantly that there should be a
Speaker 8: ceasefire and that there should be a release of hostages,
Speaker 8: which is what we understood also to be the Government
Speaker 8: of Israel's position.
Speaker 7: Now, Miller says the US position has been consistent and
Speaker 7: wishes Israel would look at its plan for a hostage
Speaker 7: release and sees fire at Baxter Bloomberg Radio.
Speaker 2: Thank you, ed. One other note to tell you about
Speaker 2: this morning, The Pentagon says, Defense Secretary Lloyd Austin will
Speaker 2: meet with Israel's Minister of Defense later today. Austin will
Speaker 2: discuss ways to address the Hamas threat other than conducting
Speaker 2: a ground invasion of Rafa.
Speaker 1: Well, we turn to the markets now amy and US
Speaker 1: stock index futures are higher following two consecutive days of
Speaker 1: losses on Wall Street. There are plenty of reasons for
Speaker 1: investors to be cautious. We get the Personal Consumption Expenditures
Speaker 1: price index on Good Friday when markets are closed. FED
Speaker 1: Chair jer Own Powell is due to speak on the
Speaker 1: same day. Sam Stovall, the chief investment strategistics CFRA Research,
Speaker 1: says earnings may be the key for stocks going forward.
Speaker 9: The estimates have been coming down slightly, while the PE
Speaker 9: for the S and P is now trading at a
Speaker 9: thirty three percent premium to its average over the last
Speaker 9: twenty years. And to be a cynic, I think that
Speaker 9: management has done a very good job of managing expectations
Speaker 9: because last quarter was the fifty seventh time out of
Speaker 9: the last fifty nine times that actual results exceeded end
Speaker 9: of quarter estimate.
Speaker 1: And CFIRA sam Stovall notes, as we close out the
Speaker 1: trading quarter. This week, the S and P five hundred
Speaker 1: is up more than nine percent.
Speaker 2: And in company news, a takeover offer has reportedly been
Speaker 2: made for the bankrupt company we Work, and it comes
Speaker 2: from a familiar face, Adam Newman. More from Bloomberg's Doug Prisner.
Speaker 10: Newman as we Work's former CEO. He's also a company
Speaker 10: co founder. Five years ago, Newman was ousted by the
Speaker 10: board and he's been trying to regain control ever since.
Speaker 10: The Wall Street Journal says Newman recently submitted an offer
Speaker 10: to buy the company for more than five hundred million dollars.
Speaker 10: It wasn't immediately clear how Newman would finance the ac acquisition.
Speaker 10: The Journal says Newman's lawyer sent a letter to we
Speaker 10: Works advisors last month saying he was joining with Dan
Speaker 10: Loebe's hedge fund, Third Point and other investors in exploring
Speaker 10: a bid. I'm Doug Krisner, Bloomberg Radio.
Speaker 2: All right, thank you, Doug.
Speaker 1: It's 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. Michael,
Speaker 1: good morning, Good.
Speaker 11: Morning, Karen, a new York City Police officer is paid
Speaker 11: the ultimate price in the line of duty. New York
Speaker 11: City Mayor Eric Adams announcing at a news conference last
Speaker 11: night that the officer, Jonathan Dillar, was shot and killed
Speaker 11: while conducting a vehicle stop in Queen's It.
Speaker 12: Is the good guys against the bad guys, and these
Speaker 12: bad guys are violent. They carry guns in the symbol
Speaker 12: of our public safety, which is that police uniform.
Speaker 11: They have a total disregard for Officer Diller was shot
Speaker 11: in the tour so just below his proof fest. The
Speaker 11: suspect was shot by another officer on the scene. The
Speaker 11: condition of the other suspect remains unclear. A subway rider
Speaker 11: was killed when he was pushed in front of a
Speaker 11: Ford train at one hundred and twenty fifth Street in
Speaker 11: East Harlem. Police say the attack was not provoked. The
Speaker 11: new startled fellow subway riders.
Speaker 10: How do you stop like one person from making like
Speaker 10: an act right like? That's really difficulty in huge sharing
Speaker 10: the system like this.
Speaker 11: A suspect is in custody, and police say the man
Speaker 11: appeared to have a history of mental illness. Meanwhile, New
Speaker 11: York City plans to intensify a crackdown on subway fair
Speaker 11: beating by sending at least eight hundred police officers specifically
Speaker 11: to keep watch on turnstiles. Officials say it's the latest
Speaker 11: in the string of recent moves to address concerns about
Speaker 11: safety and unruliness in the nation's busiest subway system. Law
Speaker 11: enforcement officials have rated two properties owned by Sean Diddy Combs.
Speaker 11: According to AP, the music moguls homes were searched in
Speaker 11: Los Angeles and Miami by Federal Homeland Security Investigation agents
Speaker 11: and other authorities as part of an ongoing sex trafficking investigation.
Speaker 11: The Supreme Court is hearing arguments today in a case
Speaker 11: that could determine access to abortion medication from millions of women.
Speaker 11: The dispute revolves around whether the FDA overstepped its authority
Speaker 11: when it made it easier to get mifipristone, one of
Speaker 11: two drugs used in medication abortion in the Metzger. A
Speaker 11: spokeswoman for Planned Parenthood says it is the biggest abortion
Speaker 11: case since the Justices overturned Roe v. Wade.
Speaker 13: This could upend and jeopardize medication abortion access in all
Speaker 13: fifty states.
Speaker 8: There's a lot of stake.
Speaker 13: And It's really unfortunate that almost two years later, we
Speaker 13: are back at the Supreme Court fighting for our rights.
Speaker 11: Carol Tobias, president of National Rights to Life, says, the
Speaker 11: Justices need to rein in the FDA.
Speaker 14: They are letting their zeal for abortion guide their actions
Speaker 14: and control their actions. I do question their sincerity and
Speaker 14: their expertise in this area.
Speaker 11: The High Court must decide whether to reverse a federal
Speaker 11: appeals Court ruling that cut off access to MCFRA pristone
Speaker 11: through the mail and shorten the time the drug can
Speaker 11: be used from ten weeks to seven. Global news twenty
Speaker 11: four hours a day and whenever you want it with
Speaker 11: the Bloomberg News Now. I'm Michael Barr, and this is
Speaker 11: Bloomberg Karen.
Speaker 1: All right, Michael Barr, thank you.
Speaker 3: Well.
Speaker 1: We do bring you news throughout the day right here
Speaker 1: on Bloomberg Radio. But now, as Michaels said, you can
Speaker 1: get the latest news on demand, and that means whenever
Speaker 1: you want it. You can subscribe to Bloomberg News Now
Speaker 1: to get the latest headlines right at the click of
Speaker 1: a button. Get informed on your schedule. You can listen
Speaker 1: and subscribe to Bloomberg News Now on the Bloomberg Business App,
Speaker 1: Bloomberg dot Com plus Apple, Spotify, and anywhere else you
Speaker 1: get your podcasts. Time now for the Bloomberg Sports Update.
Speaker 1: He brought to you by Tri State Audi. Here's John Stashauer. John,
Speaker 1: Good morning, Good morning Karon.
Speaker 15: A little Knick's history made at the guard and tail
Speaker 15: end of an otherwise uneventful blowout win over the lowly
Speaker 15: Detroit Pistons. Dante Devencenzo made his eleventh three point of
Speaker 15: the game. That's a Nick record. He poured in forty
Speaker 15: points the Knicks one win, twenty four to ninety nine.
Speaker 15: Evencenzo had help from his former Villanova teammates. Jalen Brunson
Speaker 15: scored twenty eight and another triple double for Josh Hart,
Speaker 15: his sixth of the year. Nets ended a six game
Speaker 15: losing streak. They won in Toronto, ninety six to eighty
Speaker 15: eight the league leading Celtics in Atlanta, blew a thirty
Speaker 15: point lead, loss by two. The Wizards won by two
Speaker 15: in Chicago, just their fourteenth win of the season. The
Speaker 15: NCAA Women's Tourney, the final home game for Caitlyn Clarks.
Speaker 5: She scored thirty two.
Speaker 15: Her teammates only added twenty two, but Iowa won by
Speaker 15: ten Ugon beat Syracuse as Husky Star Page. Beckers also
Speaker 15: scored thirty two, and her coach Gino Oriema said Beckers,
Speaker 15: not Clark, is the best player in the nation. News
Speaker 15: broke last week of the firing them Showouts's interpreter and
Speaker 15: close friend Ape Muzaharia for stealing millions from Otani to
Speaker 15: cover his gambling deaths. In the original ESPN report, Musahari
Speaker 15: said Otani himself made payments to an illegal book. He
Speaker 15: later changed his story. Otani, through his new interpreter, made
Speaker 15: his first public comments yesterday.
Speaker 16: I never bet on baseball any other sports, or I
Speaker 16: never have asked somebody to do all might behalf and
Speaker 16: I have never went through a bookmaker to bet on sports.
Speaker 15: Tony says he knew nothing about anything until last week.
Speaker 15: NFL owners meeting in Orlando. They voted to penalize the
Speaker 15: so called hip drop tackle. They voted in the opportunity
Speaker 15: for teams to challenge roughing the passer and intentional grounding penalties.
Speaker 3: They delayed to vote.
Speaker 15: On whether private equity firms can acquire stakes and teams.
Speaker 15: John Stash, Edward Bloomberg, Sports.
Speaker 17: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 17: and around the world on Bloomberg dot Com, Bloomberg Television,
Speaker 17: and the Bloomberg Business app. This is Bloomberg day Break,
Speaker 17: and we.
Speaker 2: Are following some breaking news out of Baltimore on Bloomberg.
Speaker 2: The Francis Scott Key Bridge has collapsed in Baltimore. That
Speaker 2: bridge spans the lower Patapsco River and the outer Baltimore Harbor.
Speaker 2: It carries Maryland Route six P ninety five in Baltimore.
Speaker 2: Some folks may know it as the Baltimore Beltway. It's
Speaker 2: a major thoroughfare. We're going to get the very latest
Speaker 2: now with Bloomberg's Creedy GROUPA. She's been covering this story
Speaker 2: all morning long. She brings us the very latest, Creedy.
Speaker 2: Can you just bring us up to speed on what
Speaker 2: happened this morning?
Speaker 18: So we're still putting the details together, Amy, but we're
Speaker 18: What we do know is that this is a cargo
Speaker 18: ship flagged in Singapore, and what that basically means they
Speaker 18: run the Singapore fag dismissarily mean they're from Singapore that
Speaker 18: hit and the Baltimore Bridge. This is the Francis Scott
Speaker 18: Bridge that we saw, as you mentioned in Baltimore Baltimore
Speaker 18: excuse me, which is the first bridge by the way
Speaker 18: that gets you into the port of Baltimore, that gets
Speaker 18: you into Baltimore Harbor. Now, the reason this is so
Speaker 18: significant because, of course it has been named as a
Speaker 18: mass casualty event, not only by the Mayor of Baltimore,
Speaker 18: but some of the other authorities involved as well. It
Speaker 18: is still a rescue operation. Reports from anywhere between seven
Speaker 18: to twenty people at the moment where you did see
Speaker 18: actually vehicles that were crossing the bridge at the time
Speaker 18: go into the water. So in terms of details of
Speaker 18: what actually happened, that is all we know, but of
Speaker 18: course those details are still rolling in.
Speaker 2: Can you give us an idea of how it looks.
Speaker 2: I know you've been following this from the very beginning.
Speaker 2: We've heard reports it's a partial collapse, but it just
Speaker 2: seems far more serious than that.
Speaker 18: So it is a partial collapse, and that this is
Speaker 18: one part of a bridge that spans a very very
Speaker 18: long way. What's significant about this part of the bridge
Speaker 18: for commuters around the world, around the world and around
Speaker 18: the country that aren't familiar that this is a part
Speaker 18: of the bridge that a lot of people going from
Speaker 18: DC to New York use you kind of use the
Speaker 18: bridge to go around Baltimore and avoid the kind of
Speaker 18: inner city traffic there. So that's why this part of
Speaker 18: the bridge is so significant. That's why they're calling it
Speaker 18: a partial collapse, even though from them images it looks
Speaker 18: like the entire thing fell into water.
Speaker 2: And you had mentioned that this was a ship, a
Speaker 2: cargo ship that had been flagged in Singapore. Do we
Speaker 2: know anything else about that ship? Did it sink, is
Speaker 2: it still there, is it on the scene, what do
Speaker 2: we know?
Speaker 18: It looks like the remnants are still on the scene.
Speaker 18: It did not sink just yet. But remember we're talking
Speaker 18: about a cargo ship that was big enough to strike
Speaker 18: a bridge here. What's also important is that is a
Speaker 18: Singapore flagship. I believe it's called the Dali based on
Speaker 18: just kind of tracking reports that we've gotten, and it's
Speaker 18: actually one that is headed for Colombo, Sri Lanka. So
Speaker 18: we're still waiting on the details of what kind of
Speaker 18: trade it was, whether it was headed eight or out
Speaker 18: of the port, and whether or not this was a
Speaker 18: mechanical failure, whether it was a deliberate action. We don't know.
Speaker 18: These details just yet again, Amy, First and foremost, this
Speaker 18: is a rescue operation. But what we do know about
Speaker 18: the surrounding area is simply that the Interstate Highway I
Speaker 18: six ninety five. I believe the traffic is halted for motorists,
Speaker 18: as is the Port of Baltimore itself. It is not
Speaker 18: taking in any new cargoes at the moment.
Speaker 2: And very briefly you had mentioned it was a mash
Speaker 2: cat mask casualty event. You had said some numbers, can
Speaker 2: you repeat those for us?
Speaker 18: Well, it looks like according to AP about seven people
Speaker 18: were believed to have fallen in the water. You've seen
Speaker 18: report some other news organizations that have bought that number
Speaker 18: up to twenty. So the numbers are still quick, quickly moving,
Speaker 18: and of course an ongoing, developing situation.
Speaker 2: Bloomberg's Creedy Gupta, thank you very much for bringing us
Speaker 2: up to speed this breaking news out of Baltimore. The
Speaker 2: Francis Scott Key Bridge has at least partially collapsed. It
Speaker 2: is a major thoroughfare for commuters. There were cars on
Speaker 2: the bridge when this cargo ship hit it, and we
Speaker 2: will bring you more as we get it. We're going
Speaker 2: to be shifting gears now talking about politics, President Biden
Speaker 2: gaining ground against Donald Trump in six of seven key
Speaker 2: swing states significantly so and at least two of them,
Speaker 2: and the result mix for the Democrats strongest position yet
Speaker 2: in a monthly Bloomberg News Morning Console poll. We're going
Speaker 2: to break down some of these numbers now with Bloomberg
Speaker 2: News Politics reporter Laura Davison. Laura, thank you for taking
Speaker 2: the time. Let's get into this poll. It shows President
Speaker 2: Biden gaining some ground. Where is he traction?
Speaker 19: Yeah, so, really the blue wall states are where you're
Speaker 19: seeing him pick up the most support. So this is Michigan, Wisconsin,
Speaker 19: and Pennsylvania, and these are states that he won in
Speaker 19: a twenty twenty were critical and that you know, while
Speaker 19: there's you know about seven swing states around the country,
Speaker 19: you know, these are the three that Biden has really
Speaker 19: focused on in terms of his travels, in terms of
Speaker 19: his outreach autoworkers, and really where he feels you know
Speaker 19: that he kind of you know, is able to speak
Speaker 19: to voters the most. There's you know, also Nevada, Arizona,
Speaker 19: North Carolina, as well as Georgia, where he actually lost
Speaker 19: ground this month.
Speaker 2: Is where we saw him gaining traction. Is this a
Speaker 2: one time bomp? Is this some sustainable change? Are we
Speaker 2: able to gauge that? So right now, this is just
Speaker 2: one data.
Speaker 19: The one month of data, you know, for this month
Speaker 19: has been this poll has been conducted since October, and
Speaker 19: we've seen Trump with a steady lead and growing. This
Speaker 19: is the first month we've really seen those fortunes reversed
Speaker 19: for Biden and seen his numbers tick up. You know,
Speaker 19: it's a it's this poll was in the field in
Speaker 19: mid March when a couple significant things were happening. This
Speaker 19: when in right after both Trump and Biden clinched the
Speaker 19: nominations for their respective parties, So the race really crystallized
Speaker 19: and solidified for a lot of people knowing that, okay,
Speaker 19: these are going to be the two candidates. The other
Speaker 19: thing that happened right before the poll went into the
Speaker 19: field is Biden had a State at the Union address.
Speaker 19: This was generally lauded as a good speech for the
Speaker 19: president where he had a vibrant speech, was able to
Speaker 19: reach out to a lot of people. So these were
Speaker 19: sort of two favorable things for Biden heading into when
Speaker 19: voters were asked about their preferences.
Speaker 2: Let's talk a little bit about Donald Trump since you
Speaker 2: brought him up, I'm wondering if that had any impact
Speaker 2: on the polling. And what I'm referring to is his
Speaker 2: legal issues. He had a lot of a lot going
Speaker 2: on in court yesterday, which we'll get to, But did
Speaker 2: any of that seem to register with voters or is
Speaker 2: that just wallpaper?
Speaker 19: So for right now, it's wallpaper people. You know, Trump's
Speaker 19: legals issues have been going on for you know, basically
Speaker 19: a year now at this point, with multiple indictments, appearances.
Speaker 19: You know, they have really, you know, kind of bubbled
Speaker 19: up recently with you know, all of these large judgments
Speaker 19: that he has to pay and trying to find the
Speaker 19: financing for that. But what the poll really shows is
Speaker 19: people's opinions on who they're going to vote for or
Speaker 19: not vote for don't really crystallize until or unless Trump
Speaker 19: is convicted of a crime. And given sort of the
Speaker 19: way that a lot of these these trials have been delayed,
Speaker 19: it's not looking like it's very likely that there would
Speaker 19: necessarily be any conviction by the time November rolls around.
Speaker 2: Except for one trial. Right, let's learn more about the
Speaker 2: one that's coming up next month. That's that hush money trial,
Speaker 2: and the judge just yesterday said nope, we're doing this
Speaker 2: April fifteenth jury selection. Let's learn more about that. Donald
Speaker 2: Trump was not delighted with that decision.
Speaker 19: Yes, this is one that they had been trying to
Speaker 19: push further and further. You know, his basically his lawyer's
Speaker 19: argument was, look, any trial before the election is fundamentally unfair.
Speaker 19: This it did get delayed slightly, was supposed to start
Speaker 19: this week, actually was pushed to start April fifteenth. So
Speaker 19: this will be the real test a lot of legal watchers.
Speaker 19: This is the hush money trial looking at a stormy
Speaker 19: channels and a payment made to her back before the
Speaker 19: twenty sixteen election. So this has really seen as the
Speaker 19: weakest of the of the various indictments that are out there.
Speaker 19: But this could really be a test case to see
Speaker 19: both you know, how you know, how things are playing
Speaker 19: out in the courtroom, but also politically, you know, do
Speaker 19: you know, opinions start to shift after people see you know,
Speaker 19: Donald Trump in the courtroom for weeks on end sitting trial.
Speaker 2: Now he also managed to make a lot of money. Yesterday,
Speaker 2: a social media company wrapped up its long merger process
Speaker 2: Trump in one day gained billions of dollars. How's that
Speaker 2: going to impact his campaign?
Speaker 19: So for right now, these are paper gains that he has,
Speaker 19: but he is able to tap this money come October,
Speaker 19: which of course is you know, just weeks before the
Speaker 19: presidential election. But you know, it's it's a really interesting
Speaker 19: dichotomy for Trump right now because he is richer than
Speaker 19: he has ever been. However, he is facing all of
Speaker 19: these strains on his finances. He you know, has you know,
Speaker 19: a judgment, this's one hundred and seventy five million dollar
Speaker 19: payment that was reduced from you know, more than half
Speaker 19: a billion dollars yesterday, but stilly a substantial sum as
Speaker 19: well as legal fees that are mounting. His campaign is
Speaker 19: not doing well financially, so he has a lot of
Speaker 19: financial pressures facing him.
Speaker 2: You are listening to Bloomberg Daybreak today, your morning brief
Speaker 2: on the stories making news from Wall Street to Washington
Speaker 2: and beyond.
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Speaker 2: Sirius Xmtheiheartradio app, and on Bloomberg dot Com. I'm Amy Morris.
Speaker 1: And I'm Karen Moscow. Join us again tomorrow morning for
Speaker 1: all the news you need to start your day right
Speaker 1: here on Bloomberg Daybreak