WEBVTT - Deadliest Mass Shooting This Year; Auto Workers Have Agreement With Ford

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<v Speaker 1>Good morning.

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<v Speaker 2>I'm Nathan Hager and I'm Karen Moscow. Here are the

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<v Speaker 2>stories we're following today.

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<v Speaker 3>The search is on for a gunman who killed more

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<v Speaker 3>than twenty people and injured dozens more at a restaurant

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<v Speaker 3>and bowling alley in Lewiston, Maine. Here's the mayor of

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<v Speaker 3>neighboring Auburn, Maine, Jason levec When I.

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<v Speaker 4>Was bringing people in that we're looking for their loved ones,

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<v Speaker 4>there's fear, if there's panic, of course, there's worry, understandable.

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<v Speaker 4>But the people that were actually there tonight, it was

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<v Speaker 4>what I didn't hear. It's think just it's shocked. It's

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<v Speaker 4>hard for me to explain.

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<v Speaker 3>Auburn Mayor Jason Leveck says police are looking for forty

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<v Speaker 3>year old Robert Card. He has described as a firearms instructor,

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<v Speaker 3>believed to be in the Army Reserve assigned to a

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<v Speaker 3>training facility in Saco, Maine.

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<v Speaker 2>Well, Nathan, We've had major developments overnight as well in

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<v Speaker 2>the Israel Hamas War. Israel's military has been carrying out

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<v Speaker 2>limited ground raids in northern Gaza to quote prepare the

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<v Speaker 2>battlefield for the next stages of combat. President Biden says

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<v Speaker 2>he's asked Prime Minister Benjamin and Yahoo to delay a

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<v Speaker 2>full scale invasion to secure the release of more hostages.

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<v Speaker 5>Well, I have indicated to him is that if that's

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<v Speaker 5>possible to get these folks out safely, that's what he

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<v Speaker 5>should do. Is third decision.

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<v Speaker 2>President Biden says he's also urged Israel to focus on

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<v Speaker 2>a pathway for a permanent peace with the Palestinians. Israel's

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<v Speaker 2>military now says Amas is holding two hundred and twenty

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<v Speaker 2>four people hostage in Gaza. That's a bit more than

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<v Speaker 2>earlier estimates.

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<v Speaker 3>I'm back here in the US, Karen. The auto strike

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<v Speaker 3>at Ford appears to be over. The United Autoworkers reached

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<v Speaker 3>a tentative agreement with the automaker last night. UAB President

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<v Speaker 3>Sean Fain made the announcement today.

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<v Speaker 6>We reached a tentative agreement with Ford. For months, we've

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<v Speaker 6>said that record profits mean record contracts, and uaw family,

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<v Speaker 6>our stand up strike has delivered.

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<v Speaker 3>UAWD President Sean Fain says the contract calls for a

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<v Speaker 3>record twenty five percent hourly wagehike over the life of

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<v Speaker 3>the contract, which seeds four years.

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<v Speaker 2>Well from Detroit to d C. Nathan. After weeks of

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<v Speaker 2>infighting and jockeying for votes, lawmakers have elected Republican Congressman

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<v Speaker 2>Mike Johnson of Louisiana as the fifty sixth Speaker of

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<v Speaker 2>the House, and Bloomberg's Amy Morris has details from Washington.

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<v Speaker 7>Congressman Johnson was sworn in as the House Speaker after

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<v Speaker 7>three failed GOP tries by his colleagues. He won with

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<v Speaker 7>two hundred twenty votes, three more than he needed after

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<v Speaker 7>the seat remained vacant for more than two weeks. Johnson

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<v Speaker 7>announced to the members that the People's House is back

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<v Speaker 7>in business, and he says he will create a bipartisan

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<v Speaker 7>committee to reduce the nation's debt.

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<v Speaker 8>And we're going to establish a bipartisan Debt Commission to

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<v Speaker 8>begin working on this crisis immediately, immediately.

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<v Speaker 7>Johnson says his first bill will focus on the needs

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<v Speaker 7>of Israel in Washington. I'm Amy Morris, Bloomberg Radio.

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<v Speaker 3>Amy thanks Speaker. Johnson was endorsed by former President Trump.

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<v Speaker 3>He's been fined a second time for violating the gag

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<v Speaker 3>order in his trial in New York. Bloomberg Zed Baxter

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<v Speaker 3>has that.

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<v Speaker 9>The judge in Trump's civil fraud trial has fined him

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<v Speaker 9>ten thousand dollars, saying he violated a limited gag order

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<v Speaker 9>barring personal attacks on court staffers. Trump was called to

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<v Speaker 9>the witness stand to explain his comment that quote a

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<v Speaker 9>person who's very partisan sitting alongside the judge in this case.

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<v Speaker 9>Trump said he and his attorneys repeated the comment was

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<v Speaker 9>aimed at Michael Cohen and not the judge's clerk ripple effect. Though,

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<v Speaker 9>after federal prosecutors pointed to this to keep a gag

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<v Speaker 9>order in place in the DC election obstruction case, ed

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<v Speaker 9>Baxter Bloomberg Radio all right ed thanks.

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<v Speaker 2>While sticking with legal news, the fraud trial of Sam

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<v Speaker 2>bekman Fried picks up again today after a week off.

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<v Speaker 2>His lawyer says the FTX founder plans to take the

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<v Speaker 2>stand to testify. Could happen as soon as this afternoon

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<v Speaker 2>because prosecutors are expected to rest their case this morning.

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<v Speaker 2>Benkman Freed has pleaded not guilty to charges that he

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<v Speaker 2>looted the financial accounts of his customers and investors.

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<v Speaker 3>On Wall Street Care when a leadership change is coming

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<v Speaker 3>at Morgan Stanley. The bank has selected Ted Pick as

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<v Speaker 3>its new chief executive officer, succeeding James Gorman after his

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<v Speaker 3>fourteen year run. More from Bloomberg's Charlie Pellett.

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<v Speaker 10>In tapping Pick, the firm is turning to the man

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<v Speaker 10>credited with spurring a revival in its trading business after

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<v Speaker 10>a perilous stretch during the two thousand and eight financial crisis,

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<v Speaker 10>a period when clients ditched Morgan Stanley and doubts about

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<v Speaker 10>its ability to survive reverberated around Wall Street in New York.

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<v Speaker 10>Charlie Pellett, Bloomberg Radio.

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<v Speaker 3>All right, Charlie, thanks, and we'll be hearing from both

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<v Speaker 3>executives coming up at ten thirty Wall Street time this

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<v Speaker 3>morning on Bloomberg Radio and Television.

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<v Speaker 2>Well, turning to the markets now, Nathan Shares of Meta

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<v Speaker 2>down two and a half percent in early trading. Third

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<v Speaker 2>quarter revenue did beat analyst estimates, but as Bloomberg's Alex

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<v Speaker 2>Sporanka reports, the stock took a big hit following the

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<v Speaker 2>company's conference call.

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<v Speaker 11>CFO Susan Lee set on a call with analysts that

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<v Speaker 11>they are still at the whims of uncertain macroeconomic conditions

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<v Speaker 11>and that revenue for twenty twenty four is still uncertain

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<v Speaker 11>As investors evaluate the stock going into next year, they'll

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<v Speaker 11>have to take all of these things into account and

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<v Speaker 11>answer the big question of how is artificial intelligence actually

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<v Speaker 11>going to contribute to Meta's top line.

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<v Speaker 2>Bloombergs Alix spirriincas as Metas overall monthly user numbers rose

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<v Speaker 2>seven percent to three point one four billion.

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<v Speaker 3>And it is a busy morning on the economic front, Karen.

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<v Speaker 3>Here in the US, we'll get a reading on third

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<v Speaker 3>quarter GDP as well as jobless claims. Overseas, the European

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<v Speaker 3>Central Bank set to keep interest rates on hold after

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<v Speaker 3>ten back to back increases. All analysts surveyed by Bloomberg

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<v Speaker 3>expect policymakers to leave the ECB deposit rate at four percent.

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<v Speaker 2>All right, Nathan, thank you. Time now for a look

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<v Speaker 2>at some of the other stories making news around the world.

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<v Speaker 2>For that, we're joined by Bloomberg's Amy Morris. Amy, good morning,

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<v Speaker 2>Good morning, Karen.

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<v Speaker 7>Former President Donald Trump stormed out of the courtroom during

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<v Speaker 7>day two of Michael Cohen's testimony. Trump's former lawyer took

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<v Speaker 7>the stand in his former boss's civil fraud trial, and

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<v Speaker 7>after court, Cohen said he would not be intimidated.

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<v Speaker 10>He's got the wrong guy to intimidate.

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<v Speaker 12>As you've seen.

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<v Speaker 10>I haven't stopped since I don't know how many years now,

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<v Speaker 10>and I won't until, as I said, accountability.

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<v Speaker 7>Has had NBC reports. Trump returned to the courtroom after

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<v Speaker 7>the court day ended and Cohen finished his testimony. The

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<v Speaker 7>judge called on Trump to testify and was fined ten

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<v Speaker 7>thousand dollars for violating his gag order again. Ukraine President

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<v Speaker 7>Vladimir Zelenski will ask European Union leaders meeting in Brussels

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<v Speaker 7>to expand sanctions against Russia to impede the Kremlin's ability

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<v Speaker 7>to resupply as allies brace for a long war and

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<v Speaker 7>military support for Ukraine becomes more pressing. According to documents

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<v Speaker 7>seen by Bloomberg News, the EU risks falling behind on

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<v Speaker 7>plans to provide Ukraine with a million artillery shells by March,

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<v Speaker 7>with only about thirty percent of the target delivered. President

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<v Speaker 7>Biden welcomed Australian Prime Minister Anthony Albinizi to a state

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<v Speaker 7>dinner at the White House last night. The President praised

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<v Speaker 7>the US relationship with Australia dating back to World War.

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<v Speaker 5>II, that commit meant to face tough challenges, that courage

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<v Speaker 5>to fight for a better future. Pass what's always brought

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<v Speaker 5>America and Australia together.

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<v Speaker 7>President Biden says that much of the history of the

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<v Speaker 7>world will be written in the Indo Pacific region in

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<v Speaker 7>coming years, and that Australia and the US must write

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<v Speaker 7>that story together. The Biden administration is taking a crack

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<v Speaker 7>at regulating the use of artificial intelligence in the US government.

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<v Speaker 7>Bloomberg's Nancy Lyons says that story.

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<v Speaker 13>President Biden is planning to sign a wide ranging directive

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<v Speaker 13>on AI in the hopes of stopping possible misuse before

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<v Speaker 13>the AI models a released to the public. Those familiar

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<v Speaker 13>with the plans say the action plan for Monday will

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<v Speaker 13>coincide with a White House event promoting safe, secure, and

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<v Speaker 13>trustworthy artificial intelligence. Some executives from the tech sector are

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<v Speaker 13>expected to be there, and in the coming days, Vice

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<v Speaker 13>President Harris will attend a summit in the UK looking

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<v Speaker 13>at AI risks in Washington. Nancy Lyons Bloomberg.

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<v Speaker 7>Radio Global News twenty four hours a day, whenever you

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<v Speaker 7>want it with Bloomberg News. Now, Hi, maybe Morris, this

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<v Speaker 7>is Bloomberg Karen.

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<v Speaker 2>All right, Amy, thank you, while we bring you news

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<v Speaker 2>throughout the day here on Bloomberg Radio. But Now. You

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<v Speaker 2>can get the latest news on demand whenever you want it.

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<v Speaker 2>Subscribe to Bloomberg News Now to get the latest headlines

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<v Speaker 2>at the click of a button. Get informed on your schedule.

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<v Speaker 2>You can listen and subscribe to Bloomberg News Now on

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<v Speaker 2>the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify,

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<v Speaker 2>and anywhere else you get your podcasts. But it's time

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<v Speaker 2>now for the Bloomberg Sports Update, and we bring in

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<v Speaker 2>John Stashaur, John Karen.

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<v Speaker 12>Dusty Baker says baseball has been his life. Drafted by

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<v Speaker 12>the Atlanta Breys in nineteen sixty seven, he played for

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<v Speaker 12>nineteen years and managed for twenty six years five different teams,

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<v Speaker 12>the seventh most wins as a manager in baseball history.

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<v Speaker 12>Won the World Series last year with the Astros, and

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<v Speaker 12>Baker is retiring as Astros, coming up a little bit

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<v Speaker 12>short in the ALCS when they lost that Game seven

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<v Speaker 12>to Texas, seventy four years old, Dusty Baker calling it

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<v Speaker 12>Quif World Series begins tomorrow, Arizona's gonna start Zach Gallen

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<v Speaker 12>and Texas will go with Nathan Evaldi, who's four to

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<v Speaker 12>zero in the postseason leak. The NFL begins tonight with

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<v Speaker 12>Tampa Bay who's three and three at Buffalo, who's been

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<v Speaker 12>a disappointment at four and three. Deshaun Watson will again

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<v Speaker 12>not play for Cleveland Sunday in Seattle. He's got the

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<v Speaker 12>shoulder injuries, so the Browns will go with p J.

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<v Speaker 12>Walker and Brock Perdy and concussion protocol so very likely

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<v Speaker 12>will not play for the forty nine ers in their

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<v Speaker 12>game against Cincinnati. The Niners would turn to Sam Darnold.

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<v Speaker 12>The NBA announced the All Star Game is going back

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<v Speaker 12>to the East versus West format. They've been using captain's picks.

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<v Speaker 12>James Harden back with Philadelphia, but he won't play the

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<v Speaker 12>Sixers opener tonight against Milwaukee. Victor Webbin Yama played last

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<v Speaker 12>night his first game in the NBA. Scored fifteen points,

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<v Speaker 12>the nineteen year old top pick of the draft. The

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<v Speaker 12>Spurs lost their game with Dallas. The Celtics beat the

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<v Speaker 12>Knickson New York. Jayson Tatum scored thirty four. Washington got

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<v Speaker 12>I don't add at Indiana one forty six to one twenty.

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<v Speaker 12>The Capitals beat the Devil six to four. Johns dash

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<v Speaker 12>that we're bloomberg.

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<v Speaker 14>Sport from coast to coast from New York to San Francisco,

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<v Speaker 14>Boston to Washington, DC, nationwide on Syrias exam the Bloomberg

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<v Speaker 14>Business app in Bloomberg dot Com.

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<v Speaker 3>This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. After

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<v Speaker 3>three weeks of deadlock and four nominees, Republicans have finally

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<v Speaker 3>rallied behind a little known religious conservative, Mike Johnson, to

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<v Speaker 3>be the fifty sixth Speaker of the House. And Speaker

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<v Speaker 3>Johnson is promising to get to work in this.

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<v Speaker 8>Time of great crisis. It is our duty to work

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<v Speaker 8>together as previous generations of great leaders have to face

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<v Speaker 8>these great challenges and solve these great problems.

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<v Speaker 3>And that was Speaker Mike Johnson after he was sworn

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<v Speaker 3>in on a vote of two twenty to two thirteen.

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<v Speaker 3>For more, We're joined by Terry Haines, the founder of

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<v Speaker 3>Pangaea Policy. Terry, it's good to speak with you. In

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<v Speaker 3>one of those great challenges. Now suddenly becomes the issue

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<v Speaker 3>of gun violence once again after last night's mass shooting

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<v Speaker 3>in Maine, the deadliest this year. Does that issue come

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<v Speaker 3>back into focus now in Washington?

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<v Speaker 15>Good morning, Nathan, Yeah, it does come back into focus

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<v Speaker 15>in Washington. But Sadly, it's almost certain that nothing comes

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<v Speaker 15>of it. Both parties tend to have very purest physicians

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<v Speaker 15>on these things, Republicans much in favor of Second Amendment

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<v Speaker 15>purism and the Democrats very much wanting different sorts of

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<v Speaker 15>gun control. They've not shown themselves able to come together

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<v Speaker 15>around incremental solutions even that everybody thinks are necessary, and

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<v Speaker 15>haven't been able to for about ten years. The last

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<v Speaker 15>time that anybody tried to make a run at the

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<v Speaker 15>registrations and a bunch of other bunch of other common

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<v Speaker 15>sense things, it was now retired Senator Pat Toomey on

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<v Speaker 15>their Republican side and the now much more Famousmocrat Joe Mansion,

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<v Speaker 15>and they really couldn't get anything going thanks to that

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<v Speaker 15>purism on both sides. And I would not look for

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<v Speaker 15>anything to change here.

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<v Speaker 3>And just to note, Michael Bloomberg, the founder majority owner

0:12:13.920 --> 0:12:19.280
<v Speaker 3>of Bloomberg Radio parent company Bloomberg LP, does support organizations

0:12:19.480 --> 0:12:23.080
<v Speaker 3>that support gun control, including every Town for Gun Safety.

0:12:23.360 --> 0:12:26.280
<v Speaker 3>And speaking of purist positions, Terry, I think that's something

0:12:26.440 --> 0:12:30.200
<v Speaker 3>that this new speaker is known for. He sort of

0:12:30.240 --> 0:12:35.800
<v Speaker 3>invoked his religious background when he claimed the gavel. What

0:12:35.960 --> 0:12:41.080
<v Speaker 3>could Speaker Johnson the kind of conservative that he represents

0:12:41.160 --> 0:12:45.920
<v Speaker 3>on Capitol Hill mean for getting legislation done, well, it's.

0:12:46.360 --> 0:12:50.240
<v Speaker 15>I think it's two things. For markets. First, it's a

0:12:50.280 --> 0:12:52.360
<v Speaker 15>lot less than meets the eye, but at the same

0:12:52.400 --> 0:12:55.720
<v Speaker 15>time it's an incremental markets plus. I'll get to the

0:12:55.760 --> 0:12:59.319
<v Speaker 15>meets the eye in a second. It's an incremental markets

0:12:59.360 --> 0:13:03.320
<v Speaker 15>plus because Congress only has two basic things to do

0:13:03.440 --> 0:13:06.760
<v Speaker 15>right now for the next year. One is to continue

0:13:06.760 --> 0:13:09.880
<v Speaker 15>to assure that the government is funded somehow, and secondly,

0:13:10.280 --> 0:13:13.320
<v Speaker 15>to make sure that it takes care of its geopolitical

0:13:13.320 --> 0:13:18.400
<v Speaker 15>obligations by providing aid for Ukraine and Israel as well

0:13:18.440 --> 0:13:21.760
<v Speaker 15>as as well as the Southern border. The good news

0:13:21.840 --> 0:13:24.720
<v Speaker 15>is you've got shutdown risk is now I think down

0:13:24.720 --> 0:13:29.040
<v Speaker 15>to forty percent. Things are volatile, but a funding extension

0:13:29.120 --> 0:13:32.880
<v Speaker 15>is much more likely thanks to the kicking the can

0:13:32.880 --> 0:13:35.080
<v Speaker 15>that the Republicans have done over the last few weeks.

0:13:35.640 --> 0:13:38.800
<v Speaker 15>But we still made a tangible sign of that. Markets

0:13:38.840 --> 0:13:42.359
<v Speaker 15>that will be disappointed though that there's really no attempt

0:13:42.559 --> 0:13:45.520
<v Speaker 15>to write size fiscal or debt or deficit or anything

0:13:45.559 --> 0:13:49.760
<v Speaker 15>else Johnson talks about in his speech yesterday, talked about

0:13:49.840 --> 0:13:52.680
<v Speaker 15>establishing a debt commission. That's all well and good, but

0:13:52.760 --> 0:13:56.440
<v Speaker 15>it's also classic Washington can kicking. It's the job of

0:13:57.120 --> 0:13:59.920
<v Speaker 15>members of Congress, of both parties and in both houses

0:14:00.080 --> 0:14:03.920
<v Speaker 15>to do that sort of work, not debt commissions. So

0:14:05.080 --> 0:14:08.880
<v Speaker 15>you know, it's also market positive for defense, for example.

0:14:09.000 --> 0:14:14.360
<v Speaker 15>But there's that politically, you know, Johnson is not going

0:14:14.400 --> 0:14:16.840
<v Speaker 15>to be the main driver here. It's going to end

0:14:16.960 --> 0:14:20.360
<v Speaker 15>up being people like Scalise and Emmer and Jordan, all

0:14:20.400 --> 0:14:23.200
<v Speaker 15>of whom were much less important over the last three

0:14:23.240 --> 0:14:26.080
<v Speaker 15>weeks because they lost bids for speaker. Now they're much

0:14:26.120 --> 0:14:28.480
<v Speaker 15>more important because they're the senior leaders of the party

0:14:28.520 --> 0:14:30.560
<v Speaker 15>that are actually going to drive the bus again. So

0:14:31.680 --> 0:14:35.640
<v Speaker 15>you know, Johnson is is not somebody who should be

0:14:35.720 --> 0:14:40.600
<v Speaker 15>viewed in the mold of a super speaker like Pelosi

0:14:41.320 --> 0:14:45.600
<v Speaker 15>styled herself on the Democratic side, like people like John

0:14:45.640 --> 0:14:48.320
<v Speaker 15>Bayn or Paul Ryan tried to be on the Republican side.

0:14:48.680 --> 0:14:52.000
<v Speaker 15>This is somebody that is part of the leadership, but

0:14:52.120 --> 0:14:54.120
<v Speaker 15>by no means is the leader of the party in

0:14:54.160 --> 0:14:54.560
<v Speaker 15>the House.

0:14:54.920 --> 0:14:57.840
<v Speaker 3>Just thirty seconds left, Terry, it sounds like you're characterizing

0:14:57.880 --> 0:14:59.880
<v Speaker 3>Speaker Johnson is almost a figure.

0:15:00.280 --> 0:15:02.800
<v Speaker 1>Is that how you see him a little.

0:15:02.600 --> 0:15:05.480
<v Speaker 15>Bit more than that? But I do not see him

0:15:05.520 --> 0:15:08.240
<v Speaker 15>as a leading figure in the party. He has not

0:15:08.400 --> 0:15:12.520
<v Speaker 15>become so he was not one before before his elevation,

0:15:13.360 --> 0:15:17.200
<v Speaker 15>so I would not expect him to exercise the size

0:15:17.240 --> 0:15:21.040
<v Speaker 15>of influence on any particular issue.

0:15:21.400 --> 0:15:24.240
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