Speaker 1: Good morning.
Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 2: stories we're following today.
Speaker 3: The search is on for a gunman who killed more
Speaker 3: than twenty people and injured dozens more at a restaurant
Speaker 3: and bowling alley in Lewiston, Maine. Here's the mayor of
Speaker 3: neighboring Auburn, Maine, Jason levec When I.
Speaker 4: Was bringing people in that we're looking for their loved ones,
Speaker 4: there's fear, if there's panic, of course, there's worry, understandable.
Speaker 4: But the people that were actually there tonight, it was
Speaker 4: what I didn't hear. It's think just it's shocked. It's
Speaker 4: hard for me to explain.
Speaker 3: Auburn Mayor Jason Leveck says police are looking for forty
Speaker 3: year old Robert Card. He has described as a firearms instructor,
Speaker 3: believed to be in the Army Reserve assigned to a
Speaker 3: training facility in Saco, Maine.
Speaker 2: Well, Nathan, We've had major developments overnight as well in
Speaker 2: the Israel Hamas War. Israel's military has been carrying out
Speaker 2: limited ground raids in northern Gaza to quote prepare the
Speaker 2: battlefield for the next stages of combat. President Biden says
Speaker 2: he's asked Prime Minister Benjamin and Yahoo to delay a
Speaker 2: full scale invasion to secure the release of more hostages.
Speaker 5: Well, I have indicated to him is that if that's
Speaker 5: possible to get these folks out safely, that's what he
Speaker 5: should do. Is third decision.
Speaker 2: President Biden says he's also urged Israel to focus on
Speaker 2: a pathway for a permanent peace with the Palestinians. Israel's
Speaker 2: military now says Amas is holding two hundred and twenty
Speaker 2: four people hostage in Gaza. That's a bit more than
Speaker 2: earlier estimates.
Speaker 3: I'm back here in the US, Karen. The auto strike
Speaker 3: at Ford appears to be over. The United Autoworkers reached
Speaker 3: a tentative agreement with the automaker last night. UAB President
Speaker 3: Sean Fain made the announcement today.
Speaker 6: We reached a tentative agreement with Ford. For months, we've
Speaker 6: said that record profits mean record contracts, and uaw family,
Speaker 6: our stand up strike has delivered.
Speaker 3: UAWD President Sean Fain says the contract calls for a
Speaker 3: record twenty five percent hourly wagehike over the life of
Speaker 3: the contract, which seeds four years.
Speaker 2: Well from Detroit to d C. Nathan. After weeks of
Speaker 2: infighting and jockeying for votes, lawmakers have elected Republican Congressman
Speaker 2: Mike Johnson of Louisiana as the fifty sixth Speaker of
Speaker 2: the House, and Bloomberg's Amy Morris has details from Washington.
Speaker 7: Congressman Johnson was sworn in as the House Speaker after
Speaker 7: three failed GOP tries by his colleagues. He won with
Speaker 7: two hundred twenty votes, three more than he needed after
Speaker 7: the seat remained vacant for more than two weeks. Johnson
Speaker 7: announced to the members that the People's House is back
Speaker 7: in business, and he says he will create a bipartisan
Speaker 7: committee to reduce the nation's debt.
Speaker 8: And we're going to establish a bipartisan Debt Commission to
Speaker 8: begin working on this crisis immediately, immediately.
Speaker 7: Johnson says his first bill will focus on the needs
Speaker 7: of Israel in Washington. I'm Amy Morris, Bloomberg Radio.
Speaker 3: Amy thanks Speaker. Johnson was endorsed by former President Trump.
Speaker 3: He's been fined a second time for violating the gag
Speaker 3: order in his trial in New York. Bloomberg Zed Baxter
Speaker 3: has that.
Speaker 9: The judge in Trump's civil fraud trial has fined him
Speaker 9: ten thousand dollars, saying he violated a limited gag order
Speaker 9: barring personal attacks on court staffers. Trump was called to
Speaker 9: the witness stand to explain his comment that quote a
Speaker 9: person who's very partisan sitting alongside the judge in this case.
Speaker 9: Trump said he and his attorneys repeated the comment was
Speaker 9: aimed at Michael Cohen and not the judge's clerk ripple effect. Though,
Speaker 9: after federal prosecutors pointed to this to keep a gag
Speaker 9: order in place in the DC election obstruction case, ed
Speaker 9: Baxter Bloomberg Radio all right ed thanks.
Speaker 2: While sticking with legal news, the fraud trial of Sam
Speaker 2: bekman Fried picks up again today after a week off.
Speaker 2: His lawyer says the FTX founder plans to take the
Speaker 2: stand to testify. Could happen as soon as this afternoon
Speaker 2: because prosecutors are expected to rest their case this morning.
Speaker 2: Benkman Freed has pleaded not guilty to charges that he
Speaker 2: looted the financial accounts of his customers and investors.
Speaker 3: On Wall Street Care when a leadership change is coming
Speaker 3: at Morgan Stanley. The bank has selected Ted Pick as
Speaker 3: its new chief executive officer, succeeding James Gorman after his
Speaker 3: fourteen year run. More from Bloomberg's Charlie Pellett.
Speaker 10: In tapping Pick, the firm is turning to the man
Speaker 10: credited with spurring a revival in its trading business after
Speaker 10: a perilous stretch during the two thousand and eight financial crisis,
Speaker 10: a period when clients ditched Morgan Stanley and doubts about
Speaker 10: its ability to survive reverberated around Wall Street in New York.
Speaker 10: Charlie Pellett, Bloomberg Radio.
Speaker 3: All right, Charlie, thanks, and we'll be hearing from both
Speaker 3: executives coming up at ten thirty Wall Street time this
Speaker 3: morning on Bloomberg Radio and Television.
Speaker 2: Well, turning to the markets now, Nathan Shares of Meta
Speaker 2: down two and a half percent in early trading. Third
Speaker 2: quarter revenue did beat analyst estimates, but as Bloomberg's Alex
Speaker 2: Sporanka reports, the stock took a big hit following the
Speaker 2: company's conference call.
Speaker 11: CFO Susan Lee set on a call with analysts that
Speaker 11: they are still at the whims of uncertain macroeconomic conditions
Speaker 11: and that revenue for twenty twenty four is still uncertain
Speaker 11: As investors evaluate the stock going into next year, they'll
Speaker 11: have to take all of these things into account and
Speaker 11: answer the big question of how is artificial intelligence actually
Speaker 11: going to contribute to Meta's top line.
Speaker 2: Bloombergs Alix spirriincas as Metas overall monthly user numbers rose
Speaker 2: seven percent to three point one four billion.
Speaker 3: And it is a busy morning on the economic front, Karen.
Speaker 3: Here in the US, we'll get a reading on third
Speaker 3: quarter GDP as well as jobless claims. Overseas, the European
Speaker 3: Central Bank set to keep interest rates on hold after
Speaker 3: ten back to back increases. All analysts surveyed by Bloomberg
Speaker 3: expect policymakers to leave the ECB deposit rate at four percent.
Speaker 2: All right, Nathan, thank you. Time now for a look
Speaker 2: at some of the other stories making news around the world.
Speaker 2: For that, we're joined by Bloomberg's Amy Morris. Amy, good morning,
Speaker 2: Good morning, Karen.
Speaker 7: Former President Donald Trump stormed out of the courtroom during
Speaker 7: day two of Michael Cohen's testimony. Trump's former lawyer took
Speaker 7: the stand in his former boss's civil fraud trial, and
Speaker 7: after court, Cohen said he would not be intimidated.
Speaker 10: He's got the wrong guy to intimidate.
Speaker 12: As you've seen.
Speaker 10: I haven't stopped since I don't know how many years now,
Speaker 10: and I won't until, as I said, accountability.
Speaker 7: Has had NBC reports. Trump returned to the courtroom after
Speaker 7: the court day ended and Cohen finished his testimony. The
Speaker 7: judge called on Trump to testify and was fined ten
Speaker 7: thousand dollars for violating his gag order again. Ukraine President
Speaker 7: Vladimir Zelenski will ask European Union leaders meeting in Brussels
Speaker 7: to expand sanctions against Russia to impede the Kremlin's ability
Speaker 7: to resupply as allies brace for a long war and
Speaker 7: military support for Ukraine becomes more pressing. According to documents
Speaker 7: seen by Bloomberg News, the EU risks falling behind on
Speaker 7: plans to provide Ukraine with a million artillery shells by March,
Speaker 7: with only about thirty percent of the target delivered. President
Speaker 7: Biden welcomed Australian Prime Minister Anthony Albinizi to a state
Speaker 7: dinner at the White House last night. The President praised
Speaker 7: the US relationship with Australia dating back to World War.
Speaker 5: II, that commit meant to face tough challenges, that courage
Speaker 5: to fight for a better future. Pass what's always brought
Speaker 5: America and Australia together.
Speaker 7: President Biden says that much of the history of the
Speaker 7: world will be written in the Indo Pacific region in
Speaker 7: coming years, and that Australia and the US must write
Speaker 7: that story together. The Biden administration is taking a crack
Speaker 7: at regulating the use of artificial intelligence in the US government.
Speaker 7: Bloomberg's Nancy Lyons says that story.
Speaker 13: President Biden is planning to sign a wide ranging directive
Speaker 13: on AI in the hopes of stopping possible misuse before
Speaker 13: the AI models a released to the public. Those familiar
Speaker 13: with the plans say the action plan for Monday will
Speaker 13: coincide with a White House event promoting safe, secure, and
Speaker 13: trustworthy artificial intelligence. Some executives from the tech sector are
Speaker 13: expected to be there, and in the coming days, Vice
Speaker 13: President Harris will attend a summit in the UK looking
Speaker 13: at AI risks in Washington. Nancy Lyons Bloomberg.
Speaker 7: Radio Global News twenty four hours a day, whenever you
Speaker 7: want it with Bloomberg News. Now, Hi, maybe Morris, this
Speaker 7: is Bloomberg Karen.
Speaker 2: All right, Amy, thank you, while we bring you news
Speaker 2: throughout the day here on Bloomberg Radio. But Now. You
Speaker 2: can get the latest news on demand whenever you want it.
Speaker 2: Subscribe to Bloomberg News Now to get the latest headlines
Speaker 2: at the click of a button. Get informed on your schedule.
Speaker 2: You can listen and subscribe to Bloomberg News Now on
Speaker 2: the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify,
Speaker 2: and anywhere else you get your podcasts. But it's time
Speaker 2: now for the Bloomberg Sports Update, and we bring in
Speaker 2: John Stashaur, John Karen.
Speaker 12: Dusty Baker says baseball has been his life. Drafted by
Speaker 12: the Atlanta Breys in nineteen sixty seven, he played for
Speaker 12: nineteen years and managed for twenty six years five different teams,
Speaker 12: the seventh most wins as a manager in baseball history.
Speaker 12: Won the World Series last year with the Astros, and
Speaker 12: Baker is retiring as Astros, coming up a little bit
Speaker 12: short in the ALCS when they lost that Game seven
Speaker 12: to Texas, seventy four years old, Dusty Baker calling it
Speaker 12: Quif World Series begins tomorrow, Arizona's gonna start Zach Gallen
Speaker 12: and Texas will go with Nathan Evaldi, who's four to
Speaker 12: zero in the postseason leak. The NFL begins tonight with
Speaker 12: Tampa Bay who's three and three at Buffalo, who's been
Speaker 12: a disappointment at four and three. Deshaun Watson will again
Speaker 12: not play for Cleveland Sunday in Seattle. He's got the
Speaker 12: shoulder injuries, so the Browns will go with p J.
Speaker 12: Walker and Brock Perdy and concussion protocol so very likely
Speaker 12: will not play for the forty nine ers in their
Speaker 12: game against Cincinnati. The Niners would turn to Sam Darnold.
Speaker 12: The NBA announced the All Star Game is going back
Speaker 12: to the East versus West format. They've been using captain's picks.
Speaker 12: James Harden back with Philadelphia, but he won't play the
Speaker 12: Sixers opener tonight against Milwaukee. Victor Webbin Yama played last
Speaker 12: night his first game in the NBA. Scored fifteen points,
Speaker 12: the nineteen year old top pick of the draft. The
Speaker 12: Spurs lost their game with Dallas. The Celtics beat the
Speaker 12: Knickson New York. Jayson Tatum scored thirty four. Washington got
Speaker 12: I don't add at Indiana one forty six to one twenty.
Speaker 12: The Capitals beat the Devil six to four. Johns dash
Speaker 12: that we're bloomberg.
Speaker 14: Sport from coast to coast from New York to San Francisco,
Speaker 14: Boston to Washington, DC, nationwide on Syrias exam the Bloomberg
Speaker 14: Business app in Bloomberg dot Com.
Speaker 3: This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. After
Speaker 3: three weeks of deadlock and four nominees, Republicans have finally
Speaker 3: rallied behind a little known religious conservative, Mike Johnson, to
Speaker 3: be the fifty sixth Speaker of the House. And Speaker
Speaker 3: Johnson is promising to get to work in this.
Speaker 8: Time of great crisis. It is our duty to work
Speaker 8: together as previous generations of great leaders have to face
Speaker 8: these great challenges and solve these great problems.
Speaker 3: And that was Speaker Mike Johnson after he was sworn
Speaker 3: in on a vote of two twenty to two thirteen.
Speaker 3: For more, We're joined by Terry Haines, the founder of
Speaker 3: Pangaea Policy. Terry, it's good to speak with you. In
Speaker 3: one of those great challenges. Now suddenly becomes the issue
Speaker 3: of gun violence once again after last night's mass shooting
Speaker 3: in Maine, the deadliest this year. Does that issue come
Speaker 3: back into focus now in Washington?
Speaker 15: Good morning, Nathan, Yeah, it does come back into focus
Speaker 15: in Washington. But Sadly, it's almost certain that nothing comes
Speaker 15: of it. Both parties tend to have very purest physicians
Speaker 15: on these things, Republicans much in favor of Second Amendment
Speaker 15: purism and the Democrats very much wanting different sorts of
Speaker 15: gun control. They've not shown themselves able to come together
Speaker 15: around incremental solutions even that everybody thinks are necessary, and
Speaker 15: haven't been able to for about ten years. The last
Speaker 15: time that anybody tried to make a run at the
Speaker 15: registrations and a bunch of other bunch of other common
Speaker 15: sense things, it was now retired Senator Pat Toomey on
Speaker 15: their Republican side and the now much more Famousmocrat Joe Mansion,
Speaker 15: and they really couldn't get anything going thanks to that
Speaker 15: purism on both sides. And I would not look for
Speaker 15: anything to change here.
Speaker 3: And just to note, Michael Bloomberg, the founder majority owner
Speaker 3: of Bloomberg Radio parent company Bloomberg LP, does support organizations
Speaker 3: that support gun control, including every Town for Gun Safety.
Speaker 3: And speaking of purist positions, Terry, I think that's something
Speaker 3: that this new speaker is known for. He sort of
Speaker 3: invoked his religious background when he claimed the gavel. What
Speaker 3: could Speaker Johnson the kind of conservative that he represents
Speaker 3: on Capitol Hill mean for getting legislation done, well, it's.
Speaker 15: I think it's two things. For markets. First, it's a
Speaker 15: lot less than meets the eye, but at the same
Speaker 15: time it's an incremental markets plus. I'll get to the
Speaker 15: meets the eye in a second. It's an incremental markets
Speaker 15: plus because Congress only has two basic things to do
Speaker 15: right now for the next year. One is to continue
Speaker 15: to assure that the government is funded somehow, and secondly,
Speaker 15: to make sure that it takes care of its geopolitical
Speaker 15: obligations by providing aid for Ukraine and Israel as well
Speaker 15: as as well as the Southern border. The good news
Speaker 15: is you've got shutdown risk is now I think down
Speaker 15: to forty percent. Things are volatile, but a funding extension
Speaker 15: is much more likely thanks to the kicking the can
Speaker 15: that the Republicans have done over the last few weeks.
Speaker 15: But we still made a tangible sign of that. Markets
Speaker 15: that will be disappointed though that there's really no attempt
Speaker 15: to write size fiscal or debt or deficit or anything
Speaker 15: else Johnson talks about in his speech yesterday, talked about
Speaker 15: establishing a debt commission. That's all well and good, but
Speaker 15: it's also classic Washington can kicking. It's the job of
Speaker 15: members of Congress, of both parties and in both houses
Speaker 15: to do that sort of work, not debt commissions. So
Speaker 15: you know, it's also market positive for defense, for example.
Speaker 15: But there's that politically, you know, Johnson is not going
Speaker 15: to be the main driver here. It's going to end
Speaker 15: up being people like Scalise and Emmer and Jordan, all
Speaker 15: of whom were much less important over the last three
Speaker 15: weeks because they lost bids for speaker. Now they're much
Speaker 15: more important because they're the senior leaders of the party
Speaker 15: that are actually going to drive the bus again. So
Speaker 15: you know, Johnson is is not somebody who should be
Speaker 15: viewed in the mold of a super speaker like Pelosi
Speaker 15: styled herself on the Democratic side, like people like John
Speaker 15: Bayn or Paul Ryan tried to be on the Republican side.
Speaker 15: This is somebody that is part of the leadership, but
Speaker 15: by no means is the leader of the party in
Speaker 15: the House.
Speaker 3: Just thirty seconds left, Terry, it sounds like you're characterizing
Speaker 3: Speaker Johnson is almost a figure.
Speaker 1: Is that how you see him a little.
Speaker 15: Bit more than that? But I do not see him
Speaker 15: as a leading figure in the party. He has not
Speaker 15: become so he was not one before before his elevation,
Speaker 15: so I would not expect him to exercise the size
Speaker 15: of influence on any particular issue.
Speaker 1: This is Bloomberg day Break Today, your morning brief on
Speaker 1: the stories making news from Wall Street to Washington and beyond.
Speaker 2: Look for us on your podcast feed at six am
Speaker 2: Eastern each morning, on Apple, Spotify, and anywhere else you
Speaker 2: get your podcasts.
Speaker 1: You can also listen live each morning starting at five
Speaker 1: am Wall Street time on Bloomberg eleven three to zero
Speaker 1: in New York, Bloomberg ninety nine to one in Washington,
Speaker 1: Bloomberg one six to one in Boston, and Bloomberg ninety
Speaker 1: sixty in San Francisco.
Speaker 2: Our flagship New York station is also available on your
Speaker 2: Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty.
Speaker 1: Plus listen coast to coast on the Bloomberg Business app,
Speaker 1: serious XM Channel one nineteen, the iHeartRadio app, and on
Speaker 1: Bloomberg dot Com. I'm Nathan Haager and I'm Karen Moscow.
Speaker 2: Join us again tomorrow morning for all the news you
Speaker 2: need to start your day right here on Bloomberg Daybreak