WEBVTT - White House Debt Ceiling Meeting; Losing Confidence in Powell

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<v Speaker 1>From the Bloomberg Interactive Burgers Studios. This is Bloomberg Daybreak

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<v Speaker 1>for Tuesday, May ninth. Coming up today, All eyes.

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<v Speaker 2>On the White House ahead of a key meeting on

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<v Speaker 2>the debt ceiling.

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<v Speaker 1>Americans lose confidence in the Federal Reserve and share Jay Powell.

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<v Speaker 2>Ubs reshuffles its management team, the first move since the

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<v Speaker 2>takeover of Credit Suisse.

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<v Speaker 1>And shares of Palenteer surge on strong demand for artificial

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<v Speaker 1>intelligence tools.

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<v Speaker 3>Calls continue for charges in the death of a New

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<v Speaker 3>York subway writer. Plus Senate Democrats won the list of

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<v Speaker 3>gifts from a billionaire to Justice Clarence Thomas. I'm Michael

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<v Speaker 3>Barr Moore Ahead, I'm.

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<v Speaker 2>John Stasharon's words.

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<v Speaker 4>The Knicks lost again in Miami, trailed the series three

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<v Speaker 4>to one. The Lakers beat the Warriors, The Yankees beat

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<v Speaker 4>the ad.

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<v Speaker 5>That's all straight Ahead on Bloomberg day Break, The business

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<v Speaker 5>news you need to start your day in just one

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<v Speaker 5>fifteen minute podcast each morning on Apples, Spotify, the Bloomberg

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<v Speaker 5>Business Appen everywhere you get your podcasts.

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<v Speaker 2>Good morning, I'm Nathan Hager.

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<v Speaker 1>And I'm Karen Moscow. Here are the stories we're following today.

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<v Speaker 2>The latest on the debt ceiling. The White House and

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<v Speaker 2>congressional leaders meet today to work on a path toward

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<v Speaker 2>an agreement. Amy Morris has a preview from our Bloomberg

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<v Speaker 2>ninety nine to one newsroom in Washington.

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<v Speaker 6>The possibility of a short term fix for the debt

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<v Speaker 6>standoff has gained traction since Treasury Secretary Janet Yellen warned

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<v Speaker 6>the US maybe unable to service debt come June first.

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<v Speaker 6>Republican Senator Bill Cassidy of Louisiana tells Bloomberg that could work,

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<v Speaker 6>but it depends on the White House.

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<v Speaker 7>I think a short term debt ceiling increase would do

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<v Speaker 7>a little bit of a cooling off period. But you're

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<v Speaker 7>going to ask if the president is not going to engage,

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<v Speaker 7>what does buying short term mean.

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<v Speaker 6>Former Democratic Senator from Indiana Tim Romer tells Bloomberg's sound

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<v Speaker 6>on that a short term extension is the more likely outcome,

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<v Speaker 6>but there are other options to watch for.

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<v Speaker 8>Or you try to circumvent the process, either with the

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<v Speaker 8>fourteenth Amendment, or you have a discharge petition on the

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<v Speaker 8>House War and Democrats try to couldjol and persuade five

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<v Speaker 8>Republicans to get something cleaner down on the House floor.

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<v Speaker 6>Today's meeting starts at four at the White House in Washington.

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<v Speaker 6>I'm Amy Moore, is Bloomberg Daybreak?

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<v Speaker 1>All right, Amy, thank you. Well, a dead ceiling deal

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<v Speaker 1>will get done. That's a view from Bill Gross, the

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<v Speaker 1>former chief investment officer at PIMCO. In the meantime, he

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<v Speaker 1>recommends buying short term treasury bills.

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<v Speaker 9>I think it's ridiculous. You know, it's always resolved, and

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<v Speaker 9>not that it's one hundred percent chance, but I think

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<v Speaker 9>it gets resolved. I would suggest for those that are

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<v Speaker 9>less concerned, similar to myself, that they, you know, they

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<v Speaker 9>buy a one month two month treasury bill at i'm

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<v Speaker 9>much higher rate than that they get with a longer

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<v Speaker 9>term treasury bill.

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<v Speaker 1>Bill Gross made the comments in an interview with Bloomberg,

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<v Speaker 1>saying short dated bills have seword since Treasury Secretary Janet

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<v Speaker 1>Yellen war and the government could run out of cash

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<v Speaker 1>in June.

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<v Speaker 2>Well, when it comes to the dead ceiling, Karen, the

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<v Speaker 2>Federal Reserve is staying on the sidelines. At the same time,

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<v Speaker 2>were learning confidence in chair j Palell is falling. Let's

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<v Speaker 2>get the details from Bloomberg's John Tucker.

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<v Speaker 10>John, and not many people trust j. Palell to do

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<v Speaker 10>the right thing, Nathan. The results of a GALLA poll

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<v Speaker 10>out this morning show the lowest level of confidence recorded

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<v Speaker 10>since they began tracking public perception of the Central Bank

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<v Speaker 10>chief in two thousand and one. Only thirty six percent

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<v Speaker 10>of you as adults say they have a great deal

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<v Speaker 10>or a fair amount of confidence that the chairman would

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<v Speaker 10>do the right thing for the economy is popularity fell

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<v Speaker 10>as inflation rows and interest rates marched higher, and the

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<v Speaker 10>chance of winning any popularity contest looking slimmer. A FED

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<v Speaker 10>survey of lending officers shows banks reported tighter standards and

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<v Speaker 10>weaker demand for loans in the first quarter, increasing the

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<v Speaker 10>chance of her session in New York on John Tucker

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<v Speaker 10>Bloomberg Day Break, All.

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<v Speaker 11>Right, thanks John Well.

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<v Speaker 1>Regional banks are in focus in the Golden State today.

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<v Speaker 1>California says it's boosting scrutiny of lenders with over fifty

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<v Speaker 1>billion dollars in assets at Baxter. Has a story from

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<v Speaker 1>our Bloomberg nine to sixty newsroom in San francisc le Go.

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<v Speaker 12>This, of course, is more in the fallout from the

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<v Speaker 12>collapse of Silicon Valley Bank. The Department of Financial Protection

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<v Speaker 12>and Innovation says it plans to overhaul its processes with

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<v Speaker 12>more personal scrutiny of staffing policies and technology deficiencies. In

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<v Speaker 12>interviews with employees, there were constant complaints and criticism regarding

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<v Speaker 12>understaffing and lack of safety precautions. Promises had been made

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<v Speaker 12>to increase staffing before the collapse of SVB, but the

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<v Speaker 12>time frame had been set for some time in twenty

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<v Speaker 12>twenty three. They say it will happen now in San Francisco.

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<v Speaker 12>I'm at Baxter Bloomberg Daybreak thanks ed back on Wall Street.

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<v Speaker 2>Goldman Sachs has agreed to settle accusations that systematically underpaid women.

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<v Speaker 2>We get more on that from Bloomberg's Doug Prisner.

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<v Speaker 13>We're told Goldman struck a deal with lawyers representing about

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<v Speaker 13>twenty eight hundred women in a class action. They had

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<v Speaker 13>claimed the firm discriminated against them in pay and promotions.

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<v Speaker 13>We are told Goldman will pay two hundred and fifteen

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<v Speaker 13>million dollars to end the lawsuit. About a third of

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<v Speaker 13>the settlement is expected to be set aside for attorney fees.

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<v Speaker 13>The upcoming trial was scheduled for next month in New York.

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<v Speaker 13>It would have provided a rare public forum for testimony

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<v Speaker 13>about inequality inside the financial industry, an industry where all

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<v Speaker 13>but one of the six biggest US banks have only

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<v Speaker 13>ever been run by men. In New York, I'm Doug Prisoner,

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<v Speaker 13>Bloomberg Daybreak.

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<v Speaker 1>All right, Doug, thanks well over in Europe today, CEO

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<v Speaker 1>Sergio or Mati is overhauling the management team at UBS.

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<v Speaker 1>Tom Tuckner will replace Sarah Youngwood as chief financial officer.

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<v Speaker 1>It's the first staffing move since the takeover of Credits Suites.

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<v Speaker 1>We get more from Bloomberg's menus Cranny.

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<v Speaker 14>Be a veteran and what you will find is this

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<v Speaker 14>is what's coming through from Amati's appointment. Business about people

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<v Speaker 14>that he knows, people who he trusts, people who's been around.

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<v Speaker 14>He knows how they make decisions, you know how they

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<v Speaker 14>act in an integration.

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<v Speaker 1>And Bloomberg's menus Cranny says. UBS also appointed former Credit

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<v Speaker 1>Suite CEO of Rick Kerner to its top management body.

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<v Speaker 2>Ran here and the US here ensures of palent Here

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<v Speaker 2>are surging. There are more than nineteen percent of the

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<v Speaker 2>pre market. The company gave a strong earnings forecast and

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<v Speaker 2>said demand for its new artificial intelligence tool is unprecedented

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<v Speaker 2>volunteer works with governments and corporations with sensitive networks. It

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<v Speaker 2>offers services to analyze information like criminal databases, DMV records,

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<v Speaker 2>or phone data and more.

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<v Speaker 1>Changes on the way of Twitter, Nathan. The company will

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<v Speaker 1>soon remove accounts that have been inactive for several years.

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<v Speaker 1>That's the word from Elon Musk, who warns that users

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<v Speaker 1>could see follower accounts drop after the purge.

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<v Speaker 2>Time and not to take a look at some of

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<v Speaker 2>the other stories making news in New York and around

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<v Speaker 2>the world. For that were joined by Bloomberg's Michael Barr

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<v Speaker 2>Good Morning, Michael.

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<v Speaker 3>Good Morning, Nathan. Protesters in New York City once again

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<v Speaker 3>called for charges after the death of a New York

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<v Speaker 3>Subway writer with a history of mental illness. Last evening,

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<v Speaker 3>demonstrators and police clashed near the Broadway Lafayette Street station,

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<v Speaker 3>where Jordan Neely died after he was put in a chokehold,

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<v Speaker 3>allegedly by a marine veteran. The NYPD says almost a

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<v Speaker 3>dozen arrests were made in MYPD Chief Jeffrey Madre said

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<v Speaker 3>demonstrators were warned and that's when he says officers noticed

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<v Speaker 3>it could become very dangerous and as we started to

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<v Speaker 3>move the crowd. We found a Molotov cocktail that was

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<v Speaker 3>in the crowd on the ground. A grand jury is

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<v Speaker 3>expected to decide soon whether Marine Daniel Penny will face

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<v Speaker 3>criminal charges for Neely's death. The fight continues between New

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<v Speaker 3>York City Mayor Eric Adams and Rockland County officials over

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<v Speaker 3>plans to house incoming asylum seekers. Adams is sending hundreds

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<v Speaker 3>of adult males to a Rockland County hotel. County Executive

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<v Speaker 3>Ed Day claims the influx will create an undue burden

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<v Speaker 3>on the area.

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<v Speaker 15>The City of New York right now is on the

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<v Speaker 15>edge of making things much much worse, destroying many more lives,

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<v Speaker 15>hurting many more people. That is what Mayor Adams and

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<v Speaker 15>his plan is going to do.

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<v Speaker 3>County Executive Day has declared a state of emergency. Jury

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<v Speaker 3>deliberations are expected to begin today at former President Trump's

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<v Speaker 3>civil trial in New York. It stems from the alleged

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<v Speaker 3>rape of writer e Jen Carroll in the nineteen nineties.

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<v Speaker 3>Trump denies that had happened. Democratic members of the Senate

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<v Speaker 3>Judiciary Committee have asked billionaire Republican donor Harland Crowe to

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<v Speaker 3>lay out in detail any gifts or payments made to

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<v Speaker 3>Supreme Court Justice Clarence Thomas and his family. As a

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<v Speaker 3>battle over the High Court's ethics intensifies. In Russia, President

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<v Speaker 3>Vladimir Putin addressed his country's Victory Day parade on Moscow's

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<v Speaker 3>Red Square today. Putin claims that a real war has

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<v Speaker 3>been unleashed against Russia, a reference to the war in Ukraine. Earlier,

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<v Speaker 3>Russia unleashed a barrage of cruise missiles on Ukraine. Ukraine's

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<v Speaker 3>Air force said it had successfully destroyed twenty three of

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<v Speaker 3>twenty five of them. Global News twenty four hours a day,

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<v Speaker 3>powered by more than twenty seven one hundred journalists and

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<v Speaker 3>analysts in over one hundred and twenty countries. Michael Barr,

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<v Speaker 3>This is Bloomberg NAT.

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<v Speaker 2>Thank you, Michael. Time now for our Bloomberg Sports Update.

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<v Speaker 2>Good morning, John stan Scheller, Good.

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<v Speaker 4>Morning eighth in. The Knicks just play two games in Miami.

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<v Speaker 4>Ninety six minutes and they trailed for ninety five minutes

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<v Speaker 4>and twenty seven seconds, never led. Game three held two

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<v Speaker 4>very brief one point leads in the first quarter last night.

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<v Speaker 4>At one point, they did cut the Heat's lead down

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<v Speaker 4>to three.

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<v Speaker 2>It never got closer in.

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<v Speaker 4>Miami won one oh nine, one oh one and the

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<v Speaker 4>Heat and now lead the series three to one. Nicks

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<v Speaker 4>beating at their own game. Normally they have the rebounding advantage.

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<v Speaker 4>Miami out rebounded them by nine. They grabbed thirteen on

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<v Speaker 4>the offensive end. Julius Randall was asked about it.

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<v Speaker 3>They wanted more Honda. You know, I spend who we

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<v Speaker 3>are all year and we got to find a way to,

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<v Speaker 3>you know, step up and make those plays who want

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<v Speaker 3>to keep the season.

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<v Speaker 11>The lost five at the Garden.

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<v Speaker 4>Tomorrow with the Knicks facing elimination, the Lakers trailed Golden

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<v Speaker 4>State of the fourth quarter rally to win by three

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<v Speaker 4>in La, up three to one on the Warriors. The

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<v Speaker 4>other two series are tied at two, with Game five

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<v Speaker 4>tonight Celtics and sixers in Boston Phoenix. In Denver, Nuggets

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<v Speaker 4>staring Nikola Jokins not suspended. He was fined twenty five

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<v Speaker 4>thousand dollars for that incident with what it first appeared

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<v Speaker 4>to be just a Sun's fan was actually the owner

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<v Speaker 4>of the team. Stanley Cup Playoffs, Vegas won five to

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<v Speaker 4>one in Edmonton to go up to one in the series.

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<v Speaker 4>The Devils host Carolina Tonight home teams have won the

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<v Speaker 4>first three games. The Kams are up to one. Yankees

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<v Speaker 4>hit four home runs, even Aaron Hicks hit one. They

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<v Speaker 4>beat Oakland seven to two at the stadium, and Aaron

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<v Speaker 4>judge he'll be back in the lineup tonight. Mets losers

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<v Speaker 4>of eleven to last fourteen look to get back to five.

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<v Speaker 4>Bunch of Night in Cincinnati. The Max Scherzer on the Mount.

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<v Speaker 4>He hasn't won a game in a month. John Stash

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<v Speaker 4>Edward Bloomberg.

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<v Speaker 5>Sports Live from coast to coast, from New York to

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<v Speaker 5>San Francisco, Boston to Washington, d C. Nationwide on Syria

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<v Speaker 5>is exam the Bloomberg Business Appen Bloomberg dot Com.

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<v Speaker 2>This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. The

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<v Speaker 2>political lines have been drawn ahead of today's high stakes

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<v Speaker 2>meeting on the debt ceiling between President Biden and congressional leaders.

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<v Speaker 2>White House Press Secretary Karine Jean Pierre.

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<v Speaker 13>We should not have House Republicans manufacturing a crisis on

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<v Speaker 13>something that has been done seventy eight times since.

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<v Speaker 2>Nineteen sixty Republican Senator Bill Cassidy.

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<v Speaker 7>The President needs to show leadership, not just say I

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<v Speaker 7>want it exactly the way I want it, and I

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<v Speaker 7>will talk to you otherwise.

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<v Speaker 2>Senator Cassidy spoke with Bloomberg ahead of this meeting that

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<v Speaker 2>is set to get underway after the closing bell. Ahead

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<v Speaker 2>of it. We are joined now by John Rain's director

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<v Speaker 2>with the Global Insights and Analysis team at S and

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<v Speaker 2>P Global. John, it's great to speak with you again.

0:11:47.600 --> 0:11:50.160
<v Speaker 2>I did find it interesting that they did schedule this

0:11:50.280 --> 0:11:53.120
<v Speaker 2>meeting after trading ends on Wall Street today. I wonder

0:11:53.120 --> 0:11:55.960
<v Speaker 2>if they're trying to minimize whatever market impact could come

0:11:56.040 --> 0:11:57.199
<v Speaker 2>out of what's discussed.

0:11:58.160 --> 0:12:00.000
<v Speaker 16>I think you raise a good point there, which is

0:12:00.160 --> 0:12:01.719
<v Speaker 16>that I think they do want to kind of push

0:12:01.800 --> 0:12:04.240
<v Speaker 16>this later in the day, potentially even after the media

0:12:04.280 --> 0:12:07.880
<v Speaker 16>cycle and the nightly news broadcast are out there. I mean,

0:12:07.920 --> 0:12:11.360
<v Speaker 16>obviously we're not expecting huge developments today. This is almost

0:12:11.400 --> 0:12:14.640
<v Speaker 16>a meet and greet atmospheric meeting, and really the big

0:12:14.640 --> 0:12:16.360
<v Speaker 16>news out of today is are they going to meet again?

0:12:16.480 --> 0:12:19.000
<v Speaker 2>And if they are, when can this really be a

0:12:19.040 --> 0:12:22.720
<v Speaker 2>meet and greet? Though, when we are hearing from Treasury

0:12:22.760 --> 0:12:25.599
<v Speaker 2>Secretary Janet Yellen that that's so called X state for

0:12:25.800 --> 0:12:29.200
<v Speaker 2>potential default could come in just about three weeks, just

0:12:29.240 --> 0:12:30.959
<v Speaker 2>a little bit more than three weeks time.

0:12:31.840 --> 0:12:34.920
<v Speaker 16>Right, So, I mean, like obviously, although this particular meeting

0:12:35.000 --> 0:12:37.679
<v Speaker 16>might not necessarily lead to some type of rapid advancement

0:12:37.720 --> 0:12:39.679
<v Speaker 16>in the negotiations, they're going to have to get there,

0:12:39.679 --> 0:12:41.840
<v Speaker 16>and they're going to have to get there quick. I mean,

0:12:41.840 --> 0:12:45.560
<v Speaker 16>there's only six more legislative days before the end of

0:12:45.559 --> 0:12:47.280
<v Speaker 16>the month where we're going to have both, you know,

0:12:47.400 --> 0:12:50.080
<v Speaker 16>a House and the Senate in session and Pride and

0:12:50.200 --> 0:12:51.000
<v Speaker 16>inside DC.

0:12:51.240 --> 0:12:54.160
<v Speaker 11>So they're going to have to start moving in the direction.

0:12:53.880 --> 0:12:56.600
<v Speaker 16>Of either some type of negotiated solution or what we're

0:12:56.720 --> 0:12:59.880
<v Speaker 16>beginning to hears you elaborated earlier is the possibility of

0:13:00.320 --> 0:13:02.760
<v Speaker 16>type of short extension, whether it's one to two weeks,

0:13:02.840 --> 0:13:06.440
<v Speaker 16>or whether we're looking at conjoining these negotiations with the

0:13:06.480 --> 0:13:08.719
<v Speaker 16>government funding, which of course will end out at the

0:13:08.800 --> 0:13:09.520
<v Speaker 16>end of September.

0:13:09.800 --> 0:13:13.760
<v Speaker 2>And that's what the President has insisted that he does

0:13:13.800 --> 0:13:16.559
<v Speaker 2>not want to do. He does not want to tie

0:13:16.600 --> 0:13:20.440
<v Speaker 2>this to government spending. Are you seeing any signs that

0:13:20.480 --> 0:13:22.280
<v Speaker 2>he's willing to bend on that point?

0:13:23.440 --> 0:13:26.280
<v Speaker 16>I think even announcing the dates that the idea that

0:13:26.320 --> 0:13:29.360
<v Speaker 16>he's willing to negotiate on government funding We've heard hints

0:13:29.360 --> 0:13:31.920
<v Speaker 16>from various members of the administration that they think a

0:13:31.920 --> 0:13:35.480
<v Speaker 16>short term extension would be possible, the White House would

0:13:35.480 --> 0:13:38.400
<v Speaker 16>be amenable to that are signs that they're willing to

0:13:38.480 --> 0:13:39.240
<v Speaker 16>kind of link this up.

0:13:39.280 --> 0:13:41.199
<v Speaker 11>We've seen this in the past and debt sealing.

0:13:40.920 --> 0:13:44.160
<v Speaker 16>Crisis as before, So therefore, I wouldn't be surprised that

0:13:44.200 --> 0:13:46.320
<v Speaker 16>this is something behind the scenes that there are already

0:13:46.520 --> 0:13:50.120
<v Speaker 16>somewhat pushing, with almost the House understanding that maybe a

0:13:50.160 --> 0:13:52.080
<v Speaker 16>debt you know, some type of resolution here, it's going

0:13:52.120 --> 0:13:53.400
<v Speaker 16>to take longer than three weeks.

0:13:53.640 --> 0:13:58.000
<v Speaker 2>We've also heard Republicans insisting that the President needs to speak,

0:13:58.240 --> 0:14:01.920
<v Speaker 2>particularly with the House Speaker Kevin McCarthy on this, and

0:14:01.960 --> 0:14:05.240
<v Speaker 2>even a Senator McConnell, who was involved in the negotiations

0:14:05.280 --> 0:14:07.600
<v Speaker 2>more than a decade ago, is saying that he doesn't

0:14:07.600 --> 0:14:10.600
<v Speaker 2>have some kind of secret deal to get something done.

0:14:10.640 --> 0:14:13.480
<v Speaker 2>He's insisting that he's going to stay on the sidelines.

0:14:13.559 --> 0:14:16.920
<v Speaker 2>Why is that important that it's going to be President

0:14:16.920 --> 0:14:21.200
<v Speaker 2>Biden and Speaker McCarthy and potentially no one else really

0:14:21.240 --> 0:14:24.280
<v Speaker 2>being involved in the highest level discussions here.

0:14:25.080 --> 0:14:25.680
<v Speaker 11>Well, we don't.

0:14:25.760 --> 0:14:28.720
<v Speaker 16>I mean obviously that those are the atmospherics that we're

0:14:28.760 --> 0:14:30.560
<v Speaker 16>going to be seen later on today and that's what

0:14:30.560 --> 0:14:32.440
<v Speaker 16>we're going to be seeing in this first week or so.

0:14:32.480 --> 0:14:35.240
<v Speaker 16>But behind the scenes, we're going to see moderates within

0:14:35.360 --> 0:14:37.520
<v Speaker 16>both parties kind of trying to hash out a deal.

0:14:37.640 --> 0:14:40.720
<v Speaker 16>So it's important, i think in some respects because McConnell

0:14:40.800 --> 0:14:43.240
<v Speaker 16>was so instrumental in getting deals in the past. So

0:14:43.280 --> 0:14:45.680
<v Speaker 16>if he sits on the back bench this year and

0:14:45.680 --> 0:14:49.120
<v Speaker 16>then it's really just McCarthy and Biden McCarthy.

0:14:48.640 --> 0:14:51.360
<v Speaker 11>And somewhat to somewhat dependent.

0:14:50.920 --> 0:14:53.520
<v Speaker 16>On those conservative Republicans and sot there any deal that

0:14:53.600 --> 0:14:55.920
<v Speaker 16>he ends up making is maybe going to cost him

0:14:55.960 --> 0:14:57.160
<v Speaker 16>boats within his caucus to.

0:14:57.200 --> 0:14:58.120
<v Speaker 11>Keep his speakership.

0:14:58.440 --> 0:15:00.960
<v Speaker 16>So therefore, despite the the fact that we're likely to

0:15:00.960 --> 0:15:03.480
<v Speaker 16>see these guys coming out of this press conference saying, hey, listen,

0:15:03.560 --> 0:15:05.040
<v Speaker 16>we have a new date, we're looking forward.

0:15:05.040 --> 0:15:06.960
<v Speaker 11>Things are moving, you know, in a positive direction.

0:15:07.320 --> 0:15:09.000
<v Speaker 16>At the end of the day, it's going to be

0:15:09.040 --> 0:15:10.960
<v Speaker 16>moderates within both parties that are actually going to be

0:15:10.960 --> 0:15:13.000
<v Speaker 16>able to push a deal across the finish line.

0:15:13.240 --> 0:15:17.240
<v Speaker 2>Is there enough support for a moderate deal in Congress

0:15:17.360 --> 0:15:22.040
<v Speaker 2>when you have a lot of very conservative Republicans that

0:15:22.440 --> 0:15:27.120
<v Speaker 2>Speaker McCarthy Hinges onto maintain his speakership. We got about

0:15:27.120 --> 0:15:27.880
<v Speaker 2>a minute left here.

0:15:28.560 --> 0:15:30.800
<v Speaker 16>Sure, yeah, I think in all honesty, it will be

0:15:30.880 --> 0:15:33.360
<v Speaker 16>difficult if the White House doesn't budget at all. In

0:15:33.400 --> 0:15:36.680
<v Speaker 16>House Republicans don't budget all, it doesn't really matter. I mean,

0:15:36.720 --> 0:15:39.480
<v Speaker 16>I think both parties necessarily will not necessarily vote that

0:15:39.560 --> 0:15:41.760
<v Speaker 16>thing again across the finish line.

0:15:41.800 --> 0:15:42.360
<v Speaker 11>But at some.

0:15:42.400 --> 0:15:44.600
<v Speaker 16>Point, you know, just as we get sooner and sooner

0:15:44.640 --> 0:15:47.560
<v Speaker 16>and we really understand the limits that the US is facing,

0:15:47.960 --> 0:15:50.080
<v Speaker 16>I think the moderates take the forefront end end of

0:15:50.160 --> 0:15:51.200
<v Speaker 16>actually creating a deal.

0:15:51.920 --> 0:15:53.760
<v Speaker 11>For no other reason, they're gonna have to.

0:15:55.320 --> 0:15:58.240
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