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: Karen, we begin with rising tensions in the Middle East.
Speaker 3: The White House says Iranian backed militants killed three US soldiers.
Speaker 1: In a drone strike over the weekend.
Speaker 3: Now, Tran has denied any involvement in the attacks, but
Speaker 3: President Biden is facing mounting pressure to confront Iran over
Speaker 3: its support of militant organizations.
Speaker 1: Bloomberg's Ed Baxter has the story, this.
Speaker 4: Is coming as an attack by militants and Jordan killed
Speaker 4: three troops and wounded twenty five others. There are discussions
Speaker 4: underway regarding a number of options, including covert operations and
Speaker 4: multiple military strikes. The new Chair of the Joint Chiefs
Speaker 4: of Staff, General C. Q. Brown, says questions in the
Speaker 4: Middle East boiled down now to deterrence.
Speaker 1: We think about the approach we take.
Speaker 5: We want to ensure that we take away capability while
Speaker 5: we protect our forces at the same time, not have
Speaker 5: this brought into.
Speaker 1: A much wider conflict.
Speaker 4: How the attacks so far have slowed down the Iranian
Speaker 4: proxies at Baxter Bloomberg Radio, All.
Speaker 2: Right, and thanks now to the latest on the Israel
Speaker 2: Hamas war. Benjamin at and Yahoo says a summit to
Speaker 2: negotiate the return of hostages held by Hamas in exchange
Speaker 2: for a ceasefire in Gaza was constructive, but significant gaps remain.
Speaker 2: Spy chiefs and top officials from Cutter Egypt, the US,
Speaker 2: and Israel met to try to secure the release of
Speaker 2: more than one hundred hostages taken from Israel on October seventh.
Speaker 1: And back here in the US Karen.
Speaker 3: Former President Donald Trump faces a pair of major legal
Speaker 3: verdicts in New York that risk wiping out most, if
Speaker 3: not all, of the cash he claims to have on hand.
Speaker 3: Bloomberg Zamy Morris reports Donald.
Speaker 6: Trump was ordered to pay more than eighty three million
Speaker 6: dollars to writer Ajen Carroll for defaming her. Also, a
Speaker 6: verdict is expected this week in New York's civil fraud
Speaker 6: trial asking for three hundred and seventy million dollars in
Speaker 6: illegal profits Trump allegedly made by lying to get better
Speaker 6: terms on loans. He also faces mounting legal bills after
Speaker 6: being charged with ninety one criminal offenses in four criminal cases.
Speaker 6: Trump's campaign finances are reportedly still strong, but he's not
Speaker 6: allowed to use that to pay for those verdicts. The
Speaker 6: Bloomberg Billionaire's Index places Trump's liquid assets at about six
Speaker 6: hundred million dollars, although his exact financial status is unknown.
Speaker 6: Amy Moore as Bloomberg radio.
Speaker 2: Er Amy thanks ash for the other Republican and the
Speaker 2: presidential race, Nikki Haley is saying she'll keep her campaign
Speaker 2: going at least through Super Tuesday. The former South Carolina
Speaker 2: governor says she doesn't need to win her home state
Speaker 2: next month to stay competitive.
Speaker 7: What I do think I need to do is I
Speaker 7: need to show that I'm building momentum. I need to
Speaker 7: show that I'm stronger in South Carolina than New Hampshire.
Speaker 7: Does that have to be a win? I don't think
Speaker 7: that necessarily has to be a win, but it certainly
Speaker 7: has to be better than what I did New Hampshire,
Speaker 7: and it certainly has to be close.
Speaker 2: Nicki Haley, speaking on NBC's meetha Press stop, short of
Speaker 2: committing to remain in the race through the Republican nominating
Speaker 2: Convention in July.
Speaker 3: Turning to Wall Street Careen, this is a huge week
Speaker 3: on the economic front. It's highlighted by a FED decision
Speaker 3: and the jobs report Let's get a preview now from
Speaker 3: Bloomberg's Michael McKee.
Speaker 8: A data dependent FED gets a lot of data this week,
Speaker 8: although most of it comes as and after they meet.
Speaker 8: The week's headliner is the Central Bank meeting. No change
Speaker 8: in rates expected, but global Wall Street will be looking
Speaker 8: for hints from Chairman Jay Powell about when rate cuts
Speaker 8: may come. The first half of the week sees consumer
Speaker 8: confidence the White House will be watching closely, and then
Speaker 8: a lot of labor data job Opening's ADP, employment, the
Speaker 8: Employment Cost Index, jobless claims capped Friday by the government's
Speaker 8: January Jobs report. All will feed into rate cut timing expectations.
Speaker 8: Michael McKee, Bloomberg Radio.
Speaker 2: All right, Mike, thanks well. It's an equally big week
Speaker 2: on the equity side, with some of the Magnificent Seven
Speaker 2: leading a barrage of earnings on Wall Street. And we
Speaker 2: get more from Bloomberg's John Tucker.
Speaker 9: And Karen They have led the major stocky indexes to
Speaker 9: record high's. Microsoft and Alphabet report earnings tomorrow, Apple, Amazon
Speaker 9: Meta platforms. They when their books on Thursday last week.
Speaker 9: You recall Microsoft joined the three trillion dollar club, which
Speaker 9: so far has only two members. The other being Apple.
Speaker 9: Analysts say AI will boost just about every part of
Speaker 9: Microsoft's portfolio. Apple's reliance on the iPhone that is an
Speaker 9: investor concern, with the earnings of the so called Magnificent
Speaker 9: Seven expected to have grown forty seven percent. That's according
Speaker 9: to data compiled by Bloomberg Intelligence. John Tucker Bloomberg Radio.
Speaker 3: Okay, John, Thanks, in Asia, we have major developments involving Evergrand.
Speaker 3: A court in Hong Kong has ordered the liquidation of
Speaker 3: the massive Chinese developer. Bloomberg Daybreak Asia anchor Brian Curtis
Speaker 3: has more from Hong Kong.
Speaker 10: Evigrand was unable to reach a restructuring agreement with creditors
Speaker 10: even after an eight week reprieve by the court. It's
Speaker 10: been a long and winding road to this winding up order,
Speaker 10: and he will send ripples through China's financial markets. Evigrind
Speaker 10: shares dropped twenty one percent before being suspended. The liquidator
Speaker 10: is likely to face a daunting process. Though most emigrant
Speaker 10: projects are operated by local units, it could be difficult
Speaker 10: for an offshore liquidator to seize them in Hong Kong.
Speaker 10: Brian Curtis, Bloomberg Radio.
Speaker 2: All right, Brian, thanks well In Europe. Shares that Ryanair
Speaker 2: are down more than two percent, the discount carrier trimming
Speaker 2: its earnings forecast.
Speaker 1: The company is a big customer for Boeing.
Speaker 2: Brian Air Chief financial Officer Neil Sorahan says he does
Speaker 2: not see the grounding of the Max nine adding disruption
Speaker 2: to its delivery schedule.
Speaker 3: I think things are moving in the right direction, but
Speaker 3: you know, they just need to make sure that you know,
Speaker 3: we're getting high quality aircraft on time all the time.
Speaker 2: RYANAIRCFO Neil Sorahan said the company would happily snap up
Speaker 2: any extra Boeing jets if they become available.
Speaker 3: And shares of Phillips are down more than six percent overseas.
Speaker 3: Caaren the Dutch manufacturers suspending sales of sleep apnea devices.
Speaker 1: And ventilators in the US.
Speaker 3: That's after Phillips reached an agreement with the US Food
Speaker 3: and Drug Administration over its faulty medical equipment. We have
Speaker 3: more global headlines and a check of sports. Next, this
Speaker 3: is bloomberg.
Speaker 8: Ry, thanks to Nathan.
Speaker 2: It's time now for a look at some of the
Speaker 2: other stories making news around the world, and for that
Speaker 2: we're joined by Bloomberg's Amy Moore.
Speaker 6: Is Amy, Good morning, Good morning, Karen. A House Republican
Speaker 6: is calling Homelands Charity Secretary Alejandra Mayorcas the architect of
Speaker 6: destruction and says his actions warrant impeachment. Texas Congressman Michael
Speaker 6: McCall on Fox News Sunday says Mayorcas is solely responsible
Speaker 6: for the amount of fentanyl and the number of people
Speaker 6: on the terror watch list that have come into the
Speaker 6: US across the southern border.
Speaker 11: Eight million encounters, three hundred on the terror watch list,
Speaker 11: two hundred million people dead now thanks to fetnel poising.
Speaker 6: McCall accused Mayorcis of dereliction of duty and breach of
Speaker 6: the public trust. House Republicans released two articles of impeachment
Speaker 6: yes yesterday. The House Homelands Charity Committee is scheduled to
Speaker 6: meet tomorrow to determine if it will move impeachment to
Speaker 6: a vote on the House floor. A Democratic senator who's
Speaker 6: been helping the gociate a bipartisan deal on US border
Speaker 6: security says Republicans can choose between border reform or Trump chaos.
Speaker 6: Bloomberg's Scott car with that story.
Speaker 5: Bipartisan bill would give the president new emergency authority to
Speaker 5: close the US border when it becomes overwhelmed, something President
Speaker 5: Biden says he might do if Congress approves it. Republican
Speaker 5: House Speaker Mike Johnson, however, is indicated the deal would
Speaker 5: be dead on a rival in the Republican controlled House.
Speaker 5: Senator Chris Murphy of Connecticut tell CNN State of the
Speaker 5: Union the text is done on the bill that's tied
Speaker 5: to critical aid for Ukraine and its war against Russia.
Speaker 6: Bloomber Scott car reporting, California Governor Gavin Newsom says getting
Speaker 6: the vote out is what Democrats need to do to
Speaker 6: keep a third party candidate from being a spoiler. In November,
Speaker 6: he spoke out while on ABC's This Week against efforts
Speaker 6: by some Democrats to keep third party candidates off the ballot.
Speaker 3: When you try to suppress choice and voice, it tends
Speaker 3: to backfire.
Speaker 6: He also urged Democrats to check the platform of the
Speaker 6: No Label's third party movement, saying it literally quote it
Speaker 6: reads as the accomplishment list of the Biden Harris administration.
Speaker 6: He called no labels a solution in search of a problem.
Speaker 6: President Biden says the US will respond after three American
Speaker 6: service members were killed in an overnight drone attack in Jordan.
Speaker 6: Biden held a moment of silence for the soldiers killed
Speaker 6: during an event in a South Carolina yesterday, calling it
Speaker 6: a tough day in the Middle East. The White House
Speaker 6: is blaming radical Iran backed militant groups for that strike.
Speaker 6: Global news twenty four hours a day, whenever you want
Speaker 6: it with Bloomberg News Now. I'm Amy Morris and this
Speaker 6: is Bloomberg Karen.
Speaker 2: All right, Amy, thank you. What we do bring you
Speaker 2: news throughout the day right here on Bloomberg Radio. But
Speaker 2: now you can get the latest news on demand whenever
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Speaker 2: your podcasts. Time Now of the Bloomberg Sports Update, here's
Speaker 2: John stash Hour John Karen.
Speaker 11: Conference Championships Sunday began in Baltimore, first championship game played
Speaker 11: there since nineteen seventy one. The Chiefs the Tenning Super
Speaker 11: Bowl champs, but the Ravens the favorites based on a
Speaker 11: regular season where they outscored the opponent by more than
Speaker 11: two hundred points, and yet Kansas City started the game
Speaker 11: with touchdown drives that covered eighty six and seventy five yards.
Speaker 11: The second one lasted nine minutes. They led seventeen to
Speaker 11: seven at halftime, and the AFC title game remained scoreless
Speaker 11: until a late Baltimore field goal. Chiefs won seventeen to ten.
Speaker 11: They're going to the Super Bowl fourth time in the
Speaker 11: last five years, and in Las Vegas they'll try to
Speaker 11: win their third. The first win came when they beat
Speaker 11: the forty nine Ers four years ago. They will play
Speaker 11: them again. The Niners NFC champs, with a huge comeback
Speaker 11: at home on Detroit trailed twenty four to seven and a
Speaker 11: half time, and then scored the next twenty seven points
Speaker 11: to win thirty four to thirty one. They had seventeen
Speaker 11: points in an eight minute span. The Lions helped them
Speaker 11: out a costly fumble, two incomplete passes on fourth down
Speaker 11: at tempt when they could have tried a makeable field goal.
Speaker 11: The Lions' best season in sixty six years comes to
Speaker 11: an end. The Niners have been made a very slight
Speaker 11: favorite to beat the Chiefs in Super Bowl fifty eight.
Speaker 11: Twenty two year old Yannick Singer, Australian Open champion, only
Speaker 11: the second time in Italian has won a men's singles
Speaker 11: Grand Slam in the.
Speaker 1: First and forty eight years.
Speaker 11: He came from two sets down to beat the Neil Medvedet,
Speaker 11: top two in college basketball. Both won Yukon by forty
Speaker 11: three over Xavier Perdue one at lucer. John Stashwa Bloomberg
Speaker 11: Sports kem all.
Speaker 2: Right, John, thanks well, straight ahead, We're going to get
Speaker 2: the very latest out of the Middle East. Will be
Speaker 2: joined by Bloomberg News Senior editor Bill Ferries. And ahead
Speaker 2: of that discussion, SMP futures our little change this morning.
Speaker 2: Down Futures down a tenth of up percent, down about
Speaker 2: forty eight points, and Nasdaq Future is higher, up two
Speaker 2: tenths of up percent, or about thirty four points. A
Speaker 2: ten year Treasury up ten thirty seconds, held four point
Speaker 2: one zero percent, the yield on the two year at
Speaker 2: four point three to two percent.
Speaker 1: And this is Bloomberg.
Speaker 12: From coast to coast, from New York to San Francisco,
Speaker 12: Boston to Washington, DC, nationwide on Syrias exam the Bloomberg
Speaker 12: Business app and Bloomberg dot Com. This is Bloomberg Daybreak.
Speaker 12: Good morning. I'm Nathan Hager. President Biden is vowing the
Speaker 12: US will respond in a time and manner of its choosing,
Speaker 12: following the killings of three US soldiers in a drone
Speaker 12: strike in northeast Jordan. These are the first American deaths
Speaker 12: under enemy fire since the start of the Israel Hamas War,
Speaker 12: and they risk precisely the kind of escalation in the
Speaker 12: Middle East that this president has been trying to avoid.
Speaker 12: So for more we are joined now by Bloomberg News
Speaker 12: Senior editor Bill Ferries. Bill, the President does face a
Speaker 12: very difficult decision after this drone attack. What are his
Speaker 12: options now, Well.
Speaker 13: You're right, Nathan, the US has vowed to respond to
Speaker 13: this attack. As you said, it's the first America deaths
Speaker 13: of American soldiers since this war started. And I think
Speaker 13: it's going to have to be a very delicate response
Speaker 13: because these are proxy groups and not actually you know,
Speaker 13: Iranian military or the Iranian government directly behind them. I
Speaker 13: think that's going to require the US to do some
Speaker 13: sort of calibration. It can look at targeting facilities that
Speaker 13: these different groups have in places like in places like Syria, Iraq,
Speaker 13: and even in Iran, but it probably has to distinguish
Speaker 13: its response from attacking an attack on Iran directly or
Speaker 13: on Iranian government facilities, because once you have a nation
Speaker 13: state going against another nation state, that would be exactly
Speaker 13: the kind of escalation that I think the US and
Speaker 13: a lot of other countries have sought to avoid. There
Speaker 13: also could very well be a very covert response to this.
Speaker 13: There could be some sort of a you know, the
Speaker 13: big hacking attack that's unleashed on ira facilities. There could
Speaker 13: be other things going on behind the scenes. But I
Speaker 13: think the fact that you have three US troops killed,
Speaker 13: I think that requires something of a public response as well.
Speaker 13: So you could have both, but there is likely to
Speaker 13: be some sort of a public response.
Speaker 3: It does sound though, like the kind of options that
Speaker 3: you laid out are similar to what the US has
Speaker 3: been mounting against the Hooti rebels in Yemen to try
Speaker 3: to deter the red sea attacks. But at this point
Speaker 3: it doesn't seem to have had much effect on red
Speaker 3: sea shipping right.
Speaker 13: I think, you know, the administration's argument has been that
Speaker 13: they're hitting these stockpiles of weapons that the Jutis had.
Speaker 13: They're they're hitting different facilities, they're looking at a missile
Speaker 13: launchers right before right when they're loaded up, and that
Speaker 13: it will over time they will have, you know, significantly
Speaker 13: degraded the UTI's ability to do this. But you're you're right,
Speaker 13: it hasn't stopped them. If they can just get one
Speaker 13: missile off that hits a ship, they've kind of achieved
Speaker 13: their goal in that kind of attack. So it's very
Speaker 13: hard to shut that down entirely. And the big question
Speaker 13: is on this latest incident is if they do hit
Speaker 13: a proxy, Iranian proxy's facilities or personnel or weapons depots,
Speaker 13: will that really be enough to make those groups think twice?
Speaker 3: And in the meantime, the US is trying to de
Speaker 3: escalate things in the Gaza Strip and foster further negotiations
Speaker 3: between Israel and Hamas in getting hostages released. We had
Speaker 3: a summit in Paris over the weekend. What's the sense
Speaker 3: about how that's going well.
Speaker 13: I think you're right, the latest tensions with Iran could
Speaker 13: really work to derail that. What we're seeing come out
Speaker 13: of these talks so far is there's reports that a
Speaker 13: deal could be underway that would involve basically a cessation
Speaker 13: of the conflict in Gaza. For weeks, possibly more than
Speaker 13: a month, we had Israeli Prime Minister Benjamin Netanyah who
Speaker 13: come out and saying that the sides are very far
Speaker 13: apart at this point. But it is, you know, I
Speaker 13: think it is. It's a positive that there's some of
Speaker 13: these discussions going on. I don't think you're going to
Speaker 13: hear either side budge until they get right up to
Speaker 13: an agreement and are ready to announce. But this latest
Speaker 13: attack on the US forces and the possible escalation with Iran,
Speaker 13: that will throw a lot of this into question. If
Speaker 13: there is, if there is a broader conflict, Iran is
Speaker 13: likely to strike out at a range of targets and
Speaker 13: that's not gonna that's really not going to make things
Speaker 13: easier in Gaza.
Speaker 3: So in our last minute, are we hearing anything further
Speaker 3: from US or Israeli allies about how they could respond
Speaker 3: to what's been happening with the US soldiers killed as
Speaker 3: well as with what's happening in the Gaza strip.
Speaker 13: Well, there's been you know, the condemnation you would expect,
Speaker 13: and also you know, a plea from Jordan for more
Speaker 13: more weapons and defensive weapons to help it sort of
Speaker 13: protect its borders. This this latest attack to place up
Speaker 13: in the northeast corner of Jordan, and it's close to
Speaker 13: where Isis once had a very strong base. That's why
Speaker 13: the US troops are there, and why the US troops
Speaker 13: are just over the border along that highway that leads
Speaker 13: from I Rock into Syria. But I think you have
Speaker 13: all sides very much holding their breath to see whether
Speaker 13: this attack on US forces results in something much bigger
Speaker 13: in the coming hours or coming days.
Speaker 3: That will be following. Thank you, Bill, as always. Bill Ferries,
Speaker 3: senior editor for Bloomberg News, on the heightened tensions in
Speaker 3: the Middle East following that drone strike at northeast Jordan
Speaker 3: that claimed three American lives over the weekend. This is
Speaker 3: Bloomberg Daybreak Today, your morning brief on the stories making
Speaker 3: news from Wall Street to Washington and beyond.
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