WEBVTT - Russia Drops Mutiny Case Against Prigozhin; Trump Tapes

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<v Speaker 1>From the Bloomberg Interactive Brokers Studios. This is Bloomberg day

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<v Speaker 1>Break for Tuesday, June twenty seventh.

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<v Speaker 2>Coming up today, Vladimir Putin calls the Wagner leaders traders

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<v Speaker 2>as prosecutors reportedly drop charges against the mercenaries.

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<v Speaker 1>President Biden says Russia can't blame the West for the

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<v Speaker 1>failed mutiny.

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<v Speaker 2>CNN says it has the tape of former President Trump

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<v Speaker 2>discussing secret documents, and.

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<v Speaker 1>Jennet Yellen is the latest US official to head to China.

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<v Speaker 3>The Supreme Court is expected to announce major decisions today.

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<v Speaker 3>Plus New York City could start congestion pricing as soon

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<v Speaker 3>as April. I'm Michael Barr. More ahead, I'm.

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<v Speaker 4>John Stansharon Sport's another laws for the straggled Matts lost

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<v Speaker 4>at home to Milwaukee, and the Yankees tonight visit Oakland.

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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 starn 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 app, and everywhere you get your podcasts.

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

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<v Speaker 1>Hager and I'm Karen Moscow. Here are the stories we're

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<v Speaker 1>following today.

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<v Speaker 2>First we begin with the latest on the rebellion in Russia.

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<v Speaker 2>The criminal case has been closed against the Wagner group

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<v Speaker 2>mercenaries who staged a failed mutiny against President Vladimir Putin.

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<v Speaker 2>According to Russian media, authorities have dropped charges against Wagner

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<v Speaker 2>leader You of Guinea Progosian, and others involved in the

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<v Speaker 2>armed rebellion. This comes after Putin appeared on state television

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<v Speaker 2>calling Wagner leaders traders who sought to divide the country.

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<v Speaker 2>Here he is speaking through an interpreter.

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<v Speaker 6>Deraghi Ruzia.

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<v Speaker 7>Dear friends. Today I address once again all Russian citizens.

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<v Speaker 7>I thank you for your endurance, solidarity and patriotism. Civil

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<v Speaker 7>solidarities showed that any ransom, any attempts to organize internal

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<v Speaker 7>unrest are doomed to fail.

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<v Speaker 2>With President Putin did not mention Progosian by name, but

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<v Speaker 2>he did say Wagner troops could either join the Russian

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<v Speaker 2>Army or leave for Belarus. Russian media are reporting Wagner's

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<v Speaker 2>preparing to hand over heavy weaponry to Russian army units.

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<v Speaker 2>President Biden, meantime, says he's in touch with allies and advisors.

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<v Speaker 2>Following the weekends, events.

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<v Speaker 8>They agreed with me that we had to make sure

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<v Speaker 8>we gave Putin no excuse.

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<v Speaker 2>We gave Putin no excuse.

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<v Speaker 8>To blame this on the West, to blame.

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<v Speaker 5>This on NATO.

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<v Speaker 2>President Biden says it's still too soon to draw conclusions

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<v Speaker 2>on the impact of the revolt.

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<v Speaker 1>Well Nathan analysts say Putin has been severely damaged by

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<v Speaker 1>the uprising. We got up with a Bloomberg opinion columnist

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<v Speaker 1>Andreas Klouth.

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<v Speaker 9>He looked weak for a number of reasons. Number one,

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<v Speaker 9>he promised to bring them immediately and swiftly to a

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<v Speaker 9>harsh justice, and of course the opposite happened. Progosion gets

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<v Speaker 9>to go to Belarus. And he compared the mutiny to

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<v Speaker 9>nineteen seventeen. That's not smart because that was when the

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<v Speaker 9>mutined against Uzar, who was subsequently executed in a war

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<v Speaker 9>that was subsequently lost, just before Civil war. So that's

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<v Speaker 9>the wrong message.

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<v Speaker 1>And Bloomberger opinion columnist Andreas Kluth says Putin now appears

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<v Speaker 1>to be damaged.

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<v Speaker 2>Goods, Well, another major story we're following and brings us

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<v Speaker 2>back to the US and the legal troubles facing Donald Trump.

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<v Speaker 2>A leaked audio recording reportedly reveals the former president discussing

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<v Speaker 2>classified material in his possession. Amy Morris has more from

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

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<v Speaker 10>The audio recording, first obtained by CNN, comes from an

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<v Speaker 10>interview Trump gave in twenty twenty one for people who

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<v Speaker 10>were working on the memoir of Trump's former chief of

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<v Speaker 10>Staff Mark Meadows. Bloomberg has not been able to independently

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<v Speaker 10>verify the authenticity of the recording, where the former president

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<v Speaker 10>has heard criticizing the Joint chiefs of Staff Chairman General

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<v Speaker 10>Mark Milly. Referencing a document, Trump claims the Defense Department

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<v Speaker 10>put together.

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<v Speaker 8>This totally wins my case, you know, except it is

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<v Speaker 8>highly this is secreted for it. Look look at this President.

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<v Speaker 8>I could have died less than now I can't, you know.

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<v Speaker 10>But this is Trump posted on his truth social platform

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<v Speaker 10>that the tape was illegally leaked and claims it exonerates him.

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<v Speaker 10>In Washington. I'm Amy Morris, Bloomberg daybreak.

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<v Speaker 1>All right, Amy, thank you another news this morning. China's

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<v Speaker 1>premiere is warning of what he calls deglobalization trends in

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<v Speaker 1>the West. Lee Chi Yang, speaking through an interpreter, says

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<v Speaker 1>economic issue should not be brought into the political sphere.

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<v Speaker 11>Governments and relevant organizations should not overreach themselves. Still less,

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<v Speaker 11>overstretch the concept of risk or turn it into an

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<v Speaker 11>ideological tool.

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<v Speaker 1>Lee Chi Yang made the comments of the World Economic

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<v Speaker 1>Forum and the Chinese city of Tianjin.

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<v Speaker 2>Meantime, US China relations remain in focus. Karen, we have

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<v Speaker 2>word that another high level White House official is headed

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

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<v Speaker 12>And Nathan Treasury Secretary Janet Yellen heads off to Beijing

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<v Speaker 12>in early July. This is a continuation of the efforts

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<v Speaker 12>to re engage with the world's second largest economy. Secretary

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<v Speaker 12>of State Anthony Blincoln just wrapped up his trip to China.

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<v Speaker 12>The timing a little awkward of Biden administration. Executive voter

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<v Speaker 12>that would regulate and potentially cut off certain US investments

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<v Speaker 12>in China is near in completion. Officials hope to have

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<v Speaker 12>that ready after Yellen's trip. All sources say Yellen will

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<v Speaker 12>meet with her new Chinese counterpart. She has said that

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<v Speaker 12>the US will pursue policies to defend and the security

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<v Speaker 12>and are not intended to hold China back.

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<v Speaker 3>You Know York.

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<v Speaker 12>I'm John Tucker, Bloomberg.

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<v Speaker 1>Day Break, Right, John, thank you well. Turning to the

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<v Speaker 1>markets now, we should expect more rate hikes from the Fed.

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<v Speaker 1>That's the word for Morgan Stanley. Economists of the firm

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<v Speaker 1>predict a quarter point increase of the July meeting. The

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<v Speaker 1>forecast comes after Chair J. Powell of the Central Bank

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<v Speaker 1>is not done with its aggressive hiking cycle just yet.

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<v Speaker 11>Now.

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<v Speaker 2>Raiser and focus in Europe as well, Karen As top

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<v Speaker 2>central bankers and policymakers gather in Portugal for the annual

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<v Speaker 2>European Central Bank Forum. ECB President Christine Leaguard struck a

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<v Speaker 2>hawkish tone in her opening speech this morning.

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<v Speaker 5>It is unlikely that in the near future the Central

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<v Speaker 5>Bank will be able to state with full confidence that

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<v Speaker 5>the peak rates have indeed been reached.

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<v Speaker 2>Christine Leguard says the ECB will probably raise rates again

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<v Speaker 2>in July.

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<v Speaker 1>We'll back here in the US, Nathan, there is word

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<v Speaker 1>of more job cuts coming to Corporate America. Bloomberg News

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<v Speaker 1>has learned Ford Motor plans to fire hundreds of salaried

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<v Speaker 1>workers this week. We're told the cuts will primarily hit

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<v Speaker 1>engineers at the automaker sources. Safe Ford is trying to

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<v Speaker 1>boost profit and lower costs around its fifty billion dollars

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<v Speaker 1>shift to electric vehicles.

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<v Speaker 2>Time now to take a look at some of the

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

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<v Speaker 2>world with Bloomberg's Michael var Good morning, Michael.

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<v Speaker 3>Good morning, Nathan. New York City is cleared for first

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<v Speaker 3>in the nation congestion tolls as soon as April. The

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<v Speaker 3>plan to charge motors driving into Midtown Manhattan receive final

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<v Speaker 3>federal approval. The Federal Highway Administration determined that an environmental

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<v Speaker 3>review of congestion pricing had no significant impacts. In a statement,

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<v Speaker 3>New York Governor Kathy Hokals has congestion pricing will reduce

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<v Speaker 3>traffic in our crowded downtown, improve air quality, and provide

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<v Speaker 3>critical resources to the MTA. Easy Pass Motorists driving south

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<v Speaker 3>of sixtieth Street may pay as much as twenty three

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<v Speaker 3>dollars to enter the area. Some major decisions will be

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<v Speaker 3>announced starting this morning before the Supreme Court takes its

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<v Speaker 3>summer recess. The most high profile decision is on affirmative action.

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<v Speaker 3>The Supreme Court will also rule on whether businesses can

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<v Speaker 3>refuse to serve LGBTQ customers. Eastern Wisconsin is currently under

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<v Speaker 3>an air quality advisory due to smoke from the hundreds

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<v Speaker 3>of wildfires in Canada. Doctor Jeff Poth is with UW Health.

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<v Speaker 6>The way that this air quality affects us is that

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<v Speaker 6>these very fine particles, that these smoke particles, get into

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<v Speaker 6>our lungs and our immune systems recognize them as foreign

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<v Speaker 6>and then they start to attack them, and that creates

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<v Speaker 6>inflammation and for a patient that may show up as wheezing,

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<v Speaker 6>that may show up with a little bit of shortness

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<v Speaker 6>of bread.

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<v Speaker 3>New York City went through a similar incident earlier this

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<v Speaker 3>month because of smoke from the wildfires. Four cases of

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<v Speaker 3>malaria have been reported in Florida and one in Texas

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<v Speaker 3>in the last two months. It is the first local

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<v Speaker 3>spread of the disease in the US in twenty years.

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<v Speaker 3>According to the CDC, malaria is caused by a parasite

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<v Speaker 3>that spreads through mosquito bites. Doctor Seline Gounder is Editor

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<v Speaker 3>at Large for Public Health at Kaiser Family Foundation.

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<v Speaker 13>Doctors in the southeastern United States, where the weather is

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<v Speaker 13>increasingly more hospitable to mosquitoes, should be aware that their

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<v Speaker 13>patients could have malaria. The risk is higher where the

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<v Speaker 13>local climate allows the mosquito that transmits malaria to survive

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<v Speaker 13>most of the year.

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<v Speaker 3>Doctor Gownder spoke to CBS. Former federal politician Olivia Chow

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<v Speaker 3>will be Toronto's first Asian Canadian mayor after earning a

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<v Speaker 3>narrow victory in yesterday's municipal election. Chow had the most

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<v Speaker 3>votes with thirty seven percent. Global News twenty four hours

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<v Speaker 3>a day, powered by more than twenty seven hundred journalists

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<v Speaker 3>and analysts and over one hundred and twenty countries. I'm

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<v Speaker 3>Michael Barr. This is Bloomberg.

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<v Speaker 2>Nathan, right, Michael, thank you. Time for the Bloomberg Sports

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<v Speaker 2>Update with John Staninshower.

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<v Speaker 4>Next eight and the Mets nearly won the NL's last season,

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<v Speaker 4>lost that in a tiebreaker. Came out this year with

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<v Speaker 4>a three hundred and fifty million dollars payroll in hopes

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<v Speaker 4>of overtaking Atlanta. But here in late June, the Mets

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<v Speaker 4>trailed the Braves by sixteen games. Another Met loss. That's

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<v Speaker 4>one at City Field, beaten by Milwaukee two to one,

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<v Speaker 4>as the Mets managed only three singles, wasted five scoreless

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<v Speaker 4>sittings by Justin Verlander. The Brewers one on a two

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<v Speaker 4>run homer in the sixth by Joey Weimer. It came

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<v Speaker 4>off Drew Smith, just returned from his ten game suspension.

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<v Speaker 4>Mean while Atlanta won again. The Braves have won eighteen

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<v Speaker 4>of their last twenty one. Another show Hey O tany

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<v Speaker 4>home run and an Angels win. That's his twenty sixth homer.

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<v Speaker 4>Yankees are in Oakland tonight. The A's are twenty and sixty.

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<v Speaker 4>They recently had a seven game winning streak, but since

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<v Speaker 4>then they're one in ten in Omaha. The end of

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<v Speaker 4>the College World Series.

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<v Speaker 6>Build two pitch.

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<v Speaker 2>And all us right in the World Tigers went, Tigers win.

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<v Speaker 2>The National Championship.

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<v Speaker 5>Has headed back to Baton Rose.

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<v Speaker 6>The Duff Pop begins Left.

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<v Speaker 1>Of the Mast.

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<v Speaker 4>That's LSU Radio. A bizarre final series as Florida won

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<v Speaker 4>Game two twenty four to four, and then twenty four

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<v Speaker 4>hours later LSU won the decisive Game three, eighteen to four.

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<v Speaker 4>Awards Night in the NHL, the Heart Trophy for MVP

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<v Speaker 4>won for the third time by Edmonton's Connor McDavid. He

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<v Speaker 4>had a one hundred and fifty three point season, most

0:10:26.840 --> 0:10:29.520
<v Speaker 4>points since Mario Lemieux nineteen ninety six. The Ragers, Adam

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<v Speaker 4>Fox Fin a second for the Norris as the top

0:10:32.040 --> 0:10:35.080
<v Speaker 4>defenseman the Islanders, Ilias Serrokan runner up for the Vezna

0:10:35.160 --> 0:10:38.200
<v Speaker 4>as top goalie. Hard Knocks, the HBO reality show that

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<v Speaker 4>follows an NFL team in training camp, will reportedly this

0:10:41.520 --> 0:10:44.679
<v Speaker 4>season document the Jets. They were also featured in twenty ten.

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<v Speaker 4>Jets coach Rob Salad said he'd rather not have the distraction.

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<v Speaker 2>John Dash Edward Bloomberg Sports.

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<v Speaker 5>From coast to coast, from New York to San Francisco,

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<v Speaker 5>Boston to Washington, DC, nationwide on Syrias Exam, Bloomberg Business

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<v Speaker 5>Appened Bloomberg dot Com. This is Bloomberg Daybreak.

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<v Speaker 2>Good morning, I'm Nathan Hager, and it is another morning

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<v Speaker 2>of fast moving developments. Following the weekend mutiny attempt in Russia,

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<v Speaker 2>prosecutors have closed their criminal case now against the Wagner

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<v Speaker 2>Group and its leader, Yevgeny Pregosian. That's after President Vladimir

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<v Speaker 2>Putin appeared on state television last night promised to respect

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<v Speaker 2>a deal that would end the biggest threat to his

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<v Speaker 2>nearly quarter century in power. For more on what's been

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<v Speaker 2>happening since the weekend revolt, were joined by Bloomberg opinion

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<v Speaker 2>columnist Andreas Kluth, who has written a recent piece on

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<v Speaker 2>Putin's biggest mistakes in the Wagner Uprising. Andreas, it's good

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<v Speaker 2>to speak with you this morning. It was just a

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<v Speaker 2>couple of days ago. Of course, the President Putin was

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<v Speaker 2>promising inevitable punishment for the Wagner mercenaries following that march

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<v Speaker 2>toward Moscow. Now that charges have reportedly been dropped, is

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<v Speaker 2>this resolution to the crisis.

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<v Speaker 9>No, there's absolutely no resolution to anything in this crisis,

0:12:02.000 --> 0:12:04.040
<v Speaker 9>and it'll go on for a long time. We just

0:12:04.080 --> 0:12:07.720
<v Speaker 9>don't know how. But you know, that was one stunning,

0:12:07.840 --> 0:12:12.080
<v Speaker 9>one of the stunning of U turns on Saturday. That

0:12:12.160 --> 0:12:14.960
<v Speaker 9>happened almost like by the minute, by the half hour

0:12:15.600 --> 0:12:18.520
<v Speaker 9>on that day, and slightly at a slower pace since

0:12:19.280 --> 0:12:22.080
<v Speaker 9>I think it was one of the mistakes Putin made.

0:12:21.800 --> 0:12:22.640
<v Speaker 11>He can't.

0:12:22.840 --> 0:12:25.920
<v Speaker 9>He gave an address, he had to say something and

0:12:26.360 --> 0:12:30.000
<v Speaker 9>tried to channel his own old strong man personality and says,

0:12:30.040 --> 0:12:33.760
<v Speaker 9>these people will be held to account, their punishment will

0:12:33.800 --> 0:12:37.760
<v Speaker 9>be inevitable and harsh and all of these things. And

0:12:37.800 --> 0:12:40.120
<v Speaker 9>of course he's been on record many times before that's

0:12:40.120 --> 0:12:43.000
<v Speaker 9>saying that. The one thing he will never forgive is betrayal.

0:12:43.559 --> 0:12:46.480
<v Speaker 9>And he never named Progojin, but he said these people

0:12:46.600 --> 0:12:51.079
<v Speaker 9>are betraying us. And then like a half hour later

0:12:51.200 --> 0:12:55.840
<v Speaker 9>or something, it was revealed that Alexander Lukashenko, the little

0:12:56.000 --> 0:12:58.720
<v Speaker 9>I call him the baby dictator. You know that the

0:12:58.760 --> 0:13:03.000
<v Speaker 9>mini me next door or in Belarus made a deal

0:13:03.280 --> 0:13:06.240
<v Speaker 9>or at least made the call, and that Pregosion will

0:13:06.240 --> 0:13:09.880
<v Speaker 9>go to Belarus scot free. And that is of course

0:13:09.880 --> 0:13:12.800
<v Speaker 9>a cognitive dissonance. That that is just one way that

0:13:12.840 --> 0:13:18.000
<v Speaker 9>I think he he Putin signaled that he's no longer

0:13:18.040 --> 0:13:21.240
<v Speaker 9>in control, he is no longer strong. If you promise,

0:13:21.679 --> 0:13:25.120
<v Speaker 9>promise punishment but then don't deliver it, he could still

0:13:25.160 --> 0:13:27.199
<v Speaker 9>deliver it. I'm not sure whether to trust is. By

0:13:27.240 --> 0:13:30.360
<v Speaker 9>the way, you know a lot of people are saying

0:13:31.080 --> 0:13:33.800
<v Speaker 9>Pregosion should be checking his underwork for Novochuk. I don't

0:13:33.800 --> 0:13:36.640
<v Speaker 9>know if you get the joke, but you know, they

0:13:36.640 --> 0:13:39.320
<v Speaker 9>could still be coming after him. But Progosion may have

0:13:39.360 --> 0:13:42.280
<v Speaker 9>other plans as well. So but in general, I think

0:13:42.320 --> 0:13:46.280
<v Speaker 9>that was one way in which other potential enemies of

0:13:46.320 --> 0:13:50.000
<v Speaker 9>Putin will now say, hmm, maybe I'll hatch my plans.

0:13:50.440 --> 0:13:53.319
<v Speaker 2>Well, what could those plans be if Progosion at this

0:13:53.520 --> 0:13:57.439
<v Speaker 2>point is in Belarus right now, there are reports that

0:13:57.600 --> 0:14:01.200
<v Speaker 2>Progosian's plane has landed there or whether he was actually

0:14:01.240 --> 0:14:04.840
<v Speaker 2>on it. But what could Progosian do at this point?

0:14:07.080 --> 0:14:10.240
<v Speaker 9>I just then I wasn't speaking about Progosian specifically, but

0:14:10.280 --> 0:14:14.600
<v Speaker 9>I don't know. Here's another thing that's unclear. How many,

0:14:14.920 --> 0:14:18.240
<v Speaker 9>if any, but I think how many of his mercenaries

0:14:18.280 --> 0:14:22.480
<v Speaker 9>will go to Belarus with him? And then what role

0:14:22.560 --> 0:14:25.440
<v Speaker 9>will they play? Will they still be if they don't,

0:14:25.480 --> 0:14:29.120
<v Speaker 9>really like Putin recognize Belarus or Ukraine as a state,

0:14:29.200 --> 0:14:32.360
<v Speaker 9>they think it's all part of greater Russia. Will they

0:14:32.400 --> 0:14:35.280
<v Speaker 9>stay each other attacks into Ukraine from there? Will they

0:14:35.400 --> 0:14:39.000
<v Speaker 9>point their weapons at Belarus or back at Russia or

0:14:39.080 --> 0:14:41.200
<v Speaker 9>will they just do nothing? I think that is you

0:14:41.240 --> 0:14:44.680
<v Speaker 9>can rule that out. So all of that is unclear.

0:14:44.760 --> 0:14:47.560
<v Speaker 9>But remember that Putin will have other enemies who just

0:14:47.600 --> 0:14:50.640
<v Speaker 9>haven't come out of the woodwork so far, because they're

0:14:50.640 --> 0:14:52.800
<v Speaker 9>looking for signs of weakness.

0:14:53.440 --> 0:14:56.680
<v Speaker 2>I guess there's the question as well about whether the

0:14:56.880 --> 0:15:00.640
<v Speaker 2>Wagner troops, if they're folded into the Russian army, could

0:15:00.920 --> 0:15:04.720
<v Speaker 2>contribute even further to instability. Is that something that's on

0:15:04.880 --> 0:15:08.360
<v Speaker 2>your radar as well well.

0:15:08.480 --> 0:15:11.640
<v Speaker 9>So the issue of instability in the Russian army is huge.

0:15:11.680 --> 0:15:15.440
<v Speaker 9>I mean, so remember the Ukrainian counter attack is sort

0:15:15.480 --> 0:15:19.240
<v Speaker 9>of underway one quarter. I would say they've been holding

0:15:19.280 --> 0:15:23.760
<v Speaker 9>back the best trained troops with the most modern Leopard

0:15:23.760 --> 0:15:26.640
<v Speaker 9>two tanks and all of that for a big push.

0:15:26.800 --> 0:15:29.680
<v Speaker 9>And of course they're hoping, I mean, if this coup

0:15:29.760 --> 0:15:33.000
<v Speaker 9>had or if this were calling it a mutiny, if

0:15:33.000 --> 0:15:37.120
<v Speaker 9>this mutiny had continued, then it could be as in,

0:15:37.200 --> 0:15:41.000
<v Speaker 9>you know, even Putin made this, you know, analogy to

0:15:41.040 --> 0:15:46.600
<v Speaker 9>tooth nineteen seventeen in World War One, when Russian soldier's mutiny.

0:15:46.920 --> 0:15:50.080
<v Speaker 9>They could have lost morale a little bit like last autumn,

0:15:50.160 --> 0:15:53.160
<v Speaker 9>last fall, you know, and and there could have been

0:15:53.200 --> 0:15:55.040
<v Speaker 9>disordered in the ranks. That would have been great for

0:15:55.120 --> 0:15:59.560
<v Speaker 9>the Ukrainians. Now they're trying to incorporate all the private

0:15:59.600 --> 0:16:02.480
<v Speaker 9>paramount military forces, but especially the Wagner group. That's what

0:16:02.520 --> 0:16:05.360
<v Speaker 9>it's aimed for. And as you say, let's see what

0:16:05.760 --> 0:16:10.080
<v Speaker 9>who knows what these Wagner mercenaries, including former convicts, what

0:16:10.160 --> 0:16:12.480
<v Speaker 9>they'll do if they if they play nicely in the

0:16:12.600 --> 0:16:15.800
<v Speaker 9>if they take orders from serve from Shoigu, the defense

0:16:15.880 --> 0:16:19.160
<v Speaker 9>minister who was the number one enemy of pregoson their

0:16:19.240 --> 0:16:22.640
<v Speaker 9>former boss. Will they still take orders from Pregosion?

0:16:22.880 --> 0:16:23.520
<v Speaker 10>We don't know.

0:16:24.440 --> 0:16:24.640
<v Speaker 5>Wow.

0:16:25.320 --> 0:16:28.400
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