WEBVTT - Deadly Super Bowl Parade Shooting; Trump Eyes NATO Makeover

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good morning, I'm Nathan Hager and I'm John Tucker. Here

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

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<v Speaker 3>We begin with the latest on a celebration that turned

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<v Speaker 3>into chaos in Kansas City. At least one person is

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<v Speaker 3>dead more than twenty others wounded in a mass shooting

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<v Speaker 3>that followed the Kansas City Chiefs Super Bowl victory parade.

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<v Speaker 3>Authorities say at least eight of the victims are children.

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<v Speaker 3>Three suspects are in custody. Kansas City Mayor Quentin Lucas

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<v Speaker 3>says the city celebration should not have ended this way.

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<v Speaker 4>This is a day that a lot of people look

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<v Speaker 4>forward to, something they remember for lifetime, and what they

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<v Speaker 4>shouldn't have to remember is the threat of gun violence.

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<v Speaker 3>And Mayor Quentin Lucas says the White House and federal

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<v Speaker 3>agencies have offered assistance. President Biden put out a statement

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<v Speaker 3>reiterating his call for an assault weapons ban.

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<v Speaker 2>And turning down to politics here in the US, we're

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<v Speaker 2>learning that former President Donald Trump considering major chain to

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<v Speaker 2>America's commitment to NATO if he returns to office. Details

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<v Speaker 2>from Bloomberg's and Baxter.

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<v Speaker 5>Trump says scaled back commitments to NATO nations with a

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<v Speaker 5>two tiered NATO Alliance, where Article five, which requires common

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<v Speaker 5>defense of any member under attack, would apply only to

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<v Speaker 5>those that hit defense spending goals others not defended. His

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<v Speaker 5>advisers say no plans have been finalized. Trump also says

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<v Speaker 5>he wants to push Ukraine to settle the war as

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<v Speaker 5>a condition to getting any more aid ed Baxter Bloomberg Radio.

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<v Speaker 6>Okay, and thank you.

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<v Speaker 3>Russian President Vladimir Putin's weighing in on the US presidential

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<v Speaker 3>race for the first time. In an interview with State television,

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<v Speaker 3>the Russian leader was asked who would be the better

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<v Speaker 3>US president for Russia, Joe Biden or Donald Trump. Here's

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<v Speaker 3>Putin's answer through an interpreter.

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<v Speaker 4>Biden Biden, he is the more experienced person. He's predictable,

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<v Speaker 4>he is a politician of the old formation. Or we

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<v Speaker 4>will work with any US leader who the American people

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<v Speaker 4>have confidence in me.

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<v Speaker 3>Back in twenty sixteen, Vladimir Putin praised the other front runner,

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<v Speaker 3>Donald Trump.

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<v Speaker 2>And now let's turn to the Middle East. Gaza's health

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<v Speaker 2>ministry says Israel has stormed the main hospital in southern

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<v Speaker 2>Gaza as comes a day after Israel's army born the

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<v Speaker 2>thousands who saw on shelter at the NACER hospital in

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<v Speaker 2>Conyunis to evacuate. Israeli Prime Minister at benjaminettya who has

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<v Speaker 2>backed out of ceasefire talks in Cairo. He's calling Kamas's

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<v Speaker 2>demand for a total Israeli withdrawal from Gaza delusional. Allies,

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<v Speaker 2>including the Canadian Prime Minister Justin Trudeau, are calling for restraint.

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<v Speaker 7>The threats to more action on Rafa has everyone deeply worried.

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<v Speaker 7>We need to see stabilization in the region peace and

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<v Speaker 7>we need to work on the two state solution.

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<v Speaker 1>That is the only.

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<v Speaker 7>Way to ensure durable peace and safety.

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<v Speaker 2>Just bite Prime Minister Trudeau's comments, Israel's position suggests that

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<v Speaker 2>even a temporary plause in the fighting remains a distant prospect.

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<v Speaker 8>John.

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<v Speaker 3>Let's turn now to space. A privately owned moonlander is

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<v Speaker 3>on its way to the Lunar Service three two one

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<v Speaker 3>ignition and with up Go SpaceX GO I AM one

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<v Speaker 3>and the Odysseus Lunar Lander. The IM one flight is

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<v Speaker 3>carrying six NASA payloads of instruments designed to gather data

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<v Speaker 3>about the lunar environment. The latest in SpaceX's Intuitives machines

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<v Speaker 3>mission is a head of the agency's planned return of

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<v Speaker 3>astronauts to the Moon later this decade.

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<v Speaker 2>And turning to the market, stock futures higher half to

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<v Speaker 2>the S and P five hundred closed at five thousand

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<v Speaker 2>yesterday was a big tech once again leading the way.

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<v Speaker 2>Now we found out tech was a big theme for

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<v Speaker 2>hedge fund managers in the latest thirteen f filings. Let's

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<v Speaker 2>get more from Bloomberg's Doun Prisner.

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<v Speaker 9>Hedge funds seem to be chasing the rally in information technology,

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<v Speaker 9>fueled by the growth and artificial intelligence. The latest quartal

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<v Speaker 9>IT reports filed with the SEC show institutional buying of Amazon, Intel,

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<v Speaker 9>and Nvidia. In Q four, Metaplytforms was an outlier, with

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<v Speaker 9>a net sale from hedge funds worth six point six

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<v Speaker 9>million dollars in stock. It suggests these investors may have

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<v Speaker 9>locked in profits after Meta jumped eighteen percent in the

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<v Speaker 9>final quarter of twenty three. Technology accounted for the biggest

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<v Speaker 9>waitings in hedge fund portfolios at twenty five percent. Consumer

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<v Speaker 9>discretionary was next at fifteen percent. In New York, I'm

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<v Speaker 9>Doug Prisner, Bloomberg Radio.

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<v Speaker 3>Doug Fanks and Company News, Shares of Cisco are down

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<v Speaker 3>more than five percent. The largest maker of networking equipment

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<v Speaker 3>slashed its full year forecast and also said it would

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<v Speaker 3>cut about five percent of its global workforce.

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<v Speaker 6>That's about four thousand jobs.

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<v Speaker 2>And we're also getting job cuts in the financial industry,

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<v Speaker 2>sources say Morgan Stanley planning to eliminate several hundred jobs.

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<v Speaker 2>Those cuts will affect less than one percent of employees

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<v Speaker 2>in the wealth management business, which hands about forty thousand workers.

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<v Speaker 3>Turning to the economy and other FED officials urging patients

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<v Speaker 3>when it comes to cutting interest rates, Federal Reserve Vice

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<v Speaker 3>Chair for Supervision Michael Barr says he agrees with Chairman

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<v Speaker 3>j Powell's conscious approach.

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<v Speaker 10>Support what he called a careful approach to considering policy

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<v Speaker 10>normalization given current conditions. January's report on consumer Product index

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<v Speaker 10>inflation is a reminder that the path back to two

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<v Speaker 10>percent inflation may be a bumpy one.

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<v Speaker 3>The Fed's Michael Barr also repeated his long standing view

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<v Speaker 3>that the US banking sector is sound.

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<v Speaker 2>In Europe, the UK slipped into a mild recession in

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<v Speaker 2>the second half of twenty twenty three. Gross domestic product

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<v Speaker 2>found three tenths of a percent of the fourth quarter.

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<v Speaker 2>That follows an unrevised one tenth of a percent decline

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<v Speaker 2>in the previous three months.

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<v Speaker 3>And Japan's economy also unexpectedly slipped into recession after shrinking

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<v Speaker 3>for a second quarter due to anemic domestic demand. GDP

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<v Speaker 3>contracted an an annualized pace of four tenths of one

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<v Speaker 3>percent in the final three months of last year, following

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<v Speaker 3>a revised three point three percent retreat for Japan's economy

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<v Speaker 3>in the previous quarter. Time now to take a look

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<v Speaker 3>at some of the other stories making news around the

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<v Speaker 3>world with Bloomberg's Michael Barr.

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<v Speaker 6>Good Morning, Michael.

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<v Speaker 8>Arding Nathan, Republican chair of the House Intelligence Committee, Congressman

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<v Speaker 8>Mike Turner is publicly warning of a national security threat

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<v Speaker 8>concerning a destabilizing foreign military capability, so serious that he

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<v Speaker 8>says President Biden should declassify all information about it. It's

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<v Speaker 8>reported the intelligence relates to Russia wanting to put nuclear

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<v Speaker 8>weapons into space to possibly use against satellites. House Speaker

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<v Speaker 8>Mike Johnson says he's aware of the issue and wants

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<v Speaker 8>the public to stay calm.

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<v Speaker 2>I saw Chairman Turner's statement on the issue, and I

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<v Speaker 2>want to assure the American people there's no need for

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<v Speaker 2>public alarm. We are going to work together to address

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<v Speaker 2>this matter.

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<v Speaker 8>Speaker Johnson says he will press the Biden administration to

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<v Speaker 8>take appropriate action. The White House is urging House Republicans

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<v Speaker 8>to agree to a foreign aid package already passed by

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<v Speaker 8>the Senate. The ninety five billion dollar bill would fund Israel, Ukraine,

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<v Speaker 8>and Taiwan, but House Speaker Mike Johnson has said that

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<v Speaker 8>he won't bring the bill to the floor. Johnson wants

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<v Speaker 8>foreign aid be tied to border security, but the Senate

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<v Speaker 8>proposed bipartisan plan earlier this month that Speaker Johnson refused

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<v Speaker 8>to put to a vote. White House Press Secretary Kaarine

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<v Speaker 8>Jean Vierre says that Johnson is stonewalling congressional progress and

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<v Speaker 8>listen to former President Trump, who pressured Republicans to kill

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<v Speaker 8>the bipartisan deal.

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<v Speaker 1>What is it he decided instead, he decides to choose

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<v Speaker 1>Donald Trump. And let's not forget there's fentinal traffickers, right,

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<v Speaker 1>that's what he sided with over the border patrol, over

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<v Speaker 1>this president and in doing what majority of Americans wants

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<v Speaker 1>us to do, he's the one killing this speaker.

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<v Speaker 8>Johnson says he wants to meet with President Biden, but

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<v Speaker 8>the White House says that there's nothing to negotiate because

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<v Speaker 8>the bipartisan Senate deal contained much what Republicans have been

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<v Speaker 8>asking for related to border security. Donald Trump is expected

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<v Speaker 8>to be back in the New York court today for

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<v Speaker 8>a hearing that could decide whether the former president's first

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<v Speaker 8>criminal trial begins in late March. Trump pleaded not guilty

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<v Speaker 8>last April to thirty four counts of falsifying business records.

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<v Speaker 8>Prosecutors say Trump's company kept fraudulent records as part of

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<v Speaker 8>a scheme to bury stories about extra marital affairs that

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<v Speaker 8>the former president says were false. Trump's lawyers say the

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<v Speaker 8>criminal case is politically motivated. Global News twenty four hours

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<v Speaker 8>a day and whenever you want it with the Bloomberg News.

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<v Speaker 2>Now.

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<v Speaker 8>I'm Michael Barr, and this is Bloomberg Nator.

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<v Speaker 3>Okay, Michael, thank you time now for the Bloomberg Sports Update,

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<v Speaker 3>brought to you by Tri State. Out of here's John

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<v Speaker 3>stash Hour.

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<v Speaker 11>All right, Nathan, the Knicks right now have more injured

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<v Speaker 11>players than healthy ones. Jalen Brunson did play in Orlando.

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<v Speaker 11>But six of the knicks top players did not, and

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<v Speaker 11>sure enough they lost to the Magic one eighteen to

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<v Speaker 11>one hundred runs and scored thirty three in defeat. He's

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<v Speaker 11>now headed Indianapolis to play in Sunday's All Star Game.

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<v Speaker 11>It's a good time for the All Star break is

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<v Speaker 11>the Knicks hope to at least get some of these

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<v Speaker 11>injured players healthy.

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<v Speaker 6>They've lost four to Row five and six since that

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<v Speaker 6>nine game winning streak.

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<v Speaker 11>Then Nets lost in Boston by p fifty one thirty

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<v Speaker 11>six to eighty six. It's the second worst loss in

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<v Speaker 11>Nets history. It's the Celtics second win this season by

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<v Speaker 11>fifty or more and only two other teams have ever.

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<v Speaker 6>Done that in NBA history.

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<v Speaker 11>Before the game between Detroit and Phoenix, a fight in

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<v Speaker 11>the tunnel and apparently one sighted one with the Pistons

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<v Speaker 11>Isaiah Stewart punching the Suns Drew Eubanks and the face

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<v Speaker 11>police broke it up and they arrested Stewart.

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<v Speaker 6>He was sighted.

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<v Speaker 11>In the Leafe College Hoops number one, Yukon won by

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<v Speaker 11>thirty six at DePaul, also in the Big East seat

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<v Speaker 11>and haulby Xavier. Fordham lost to Saint Bonavencer Ohio State

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<v Speaker 11>fired coach Chris Holtman. He's in his seventh season, has

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<v Speaker 11>four years left on his contract. Assistant Jake Diebler takes

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<v Speaker 11>over with the Buckeyes fourteen to eleven, four and ten

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<v Speaker 11>of the Big Ten. Also getting fired forty nine Ers

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<v Speaker 11>defensive coordinator Steve Wilkes PGA tours at Riviera in LA

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<v Speaker 11>for Tiger Woods, his first appearance at a sanctioned PG

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<v Speaker 11>event in almost a year.

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<v Speaker 6>He's got high hopes.

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<v Speaker 12>A nice stuffy would be nice.

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<v Speaker 8>All right.

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<v Speaker 12>I haven't.

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<v Speaker 6>Had ever won this event.

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<v Speaker 12>So I've played this event since since ninety two, and

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<v Speaker 12>on the years I've played, I've still never have won

0:10:08.720 --> 0:10:12.240
<v Speaker 12>this event. So hopefully that I got to figure something

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<v Speaker 12>out and get myself in there in contention and you know,

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<v Speaker 12>maybe get a w at the the end.

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<v Speaker 13>Of the week.

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<v Speaker 11>Talker to yous out Today twelve twenty five Easter John

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<v Speaker 11>Stashiy hour Bloomberg.

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<v Speaker 13>Sports from coast to coast, from New York to San Francisco,

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<v Speaker 13>Boston to Washington, DC, nationwide on Syrias, Exam, the Bloomberg

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<v Speaker 13>Business app, and Bloomberg dot Com.

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

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<v Speaker 3>are coming up to two years since Russia's invasion of Ukraine,

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<v Speaker 3>and as the US gets closer to a presidential election,

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<v Speaker 3>America's commitment to its traditional allies is becoming more of

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<v Speaker 3>an issue. Bloomberg News has learned former President Donald Trump

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<v Speaker 3>is considering dramatic changes to the US stance on NATO

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<v Speaker 3>if he were to return to the White House, and

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<v Speaker 3>here with us now to discuss it is Bloomberg News

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<v Speaker 3>Senior editor Bill Ferries. Bill, we know the former president

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<v Speaker 3>has been critical of NATO in the past, to put

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<v Speaker 3>it mildly, but from what we're hearing, the changes he's

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<v Speaker 3>contemplating are pretty dramatic.

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<v Speaker 14>That's right, Nathan. Thanks. It sounds like what former President

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<v Speaker 14>Trump has in mind if he's back in the White

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<v Speaker 14>House is some kind of two tiered NATO where the

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<v Speaker 14>Article five commitment, and that's the one that basically says,

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<v Speaker 14>if you're attacked, we will all come to defend you.

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<v Speaker 14>That would only apply to countries that are meeting the

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<v Speaker 14>two percent of GDP two percent of spending of GDP

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<v Speaker 14>on defense threshold. That's kind of long been, kind of

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<v Speaker 14>long been the marker for NATO. It's not a requirement.

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<v Speaker 14>It's not put into the NATO chart or anything like that.

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<v Speaker 14>But what President Trump, former President Trump, seems to be

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<v Speaker 14>proposing is if you're below that threshold and you get attacked,

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<v Speaker 14>then we may not come to your defense.

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<v Speaker 3>And we've also seen a lot more attention on tend

0:12:02.760 --> 0:12:07.160
<v Speaker 3>rupt bill, but on the commitments that NATO members have

0:12:07.320 --> 0:12:10.120
<v Speaker 3>been making. At this point, at least a majority of

0:12:10.400 --> 0:12:13.960
<v Speaker 3>NATO nations are meeting that two percent threshold, aren't.

0:12:13.720 --> 0:12:15.200
<v Speaker 2>They They are.

0:12:15.400 --> 0:12:19.600
<v Speaker 14>It's when President Trump took office, NATO members were already

0:12:19.640 --> 0:12:22.720
<v Speaker 14>starting to ramp up spending that started in about twenty

0:12:22.760 --> 0:12:27.599
<v Speaker 14>fourteen twenty fifteen after Russia's invasion of Crimea that continued

0:12:27.640 --> 0:12:30.080
<v Speaker 14>through the Trump presidency. It was, as you mentioned, a

0:12:30.160 --> 0:12:34.400
<v Speaker 14>frequent focus of his speeches about NATO were at like

0:12:34.440 --> 0:12:36.680
<v Speaker 14>about two thirds I think eighteen or so of the

0:12:36.800 --> 0:12:40.000
<v Speaker 14>roughly thirty thirty one members are spending at least two

0:12:40.040 --> 0:12:43.200
<v Speaker 14>percent of GDP on defense. Now, it's important to remember

0:12:43.320 --> 0:12:46.360
<v Speaker 14>NATO's not like a bank account that they're all depositing

0:12:46.400 --> 0:12:49.600
<v Speaker 14>money in. This is literally what they are spending. How

0:12:49.640 --> 0:12:53.479
<v Speaker 14>you define defense includes you know, salaries and healthcare benefits

0:12:54.000 --> 0:12:58.560
<v Speaker 14>as well as weaponry. So how that breaks out within

0:12:58.559 --> 0:13:00.679
<v Speaker 14>every country is going to be different. But you're at

0:13:00.679 --> 0:13:03.679
<v Speaker 14>about two thirds of the thirty one members at this point.

0:13:03.960 --> 0:13:06.880
<v Speaker 3>What's the reaction among NATO members or among NATO itself

0:13:07.240 --> 0:13:09.720
<v Speaker 3>to this kind of contemplation from the former president?

0:13:09.760 --> 0:13:12.640
<v Speaker 6>How seriously are they taking this? Well?

0:13:12.640 --> 0:13:16.439
<v Speaker 14>It's I think it is drawing a lot of concern

0:13:16.520 --> 0:13:18.360
<v Speaker 14>if he gets in the White House that maybe the

0:13:18.480 --> 0:13:21.520
<v Speaker 14>NATO alliance as we know it will basically start to

0:13:21.559 --> 0:13:25.320
<v Speaker 14>fall apart. I think the Article five commitment is kind

0:13:25.320 --> 0:13:27.920
<v Speaker 14>of seen as the core of NATO. It's only been

0:13:27.960 --> 0:13:31.880
<v Speaker 14>invoked once in the organization's history, that was by the

0:13:32.000 --> 0:13:36.120
<v Speaker 14>United States after September eleventh, But it's really seen as

0:13:36.160 --> 0:13:39.720
<v Speaker 14>the reason there is in NATO. It's the alliance that

0:13:39.840 --> 0:13:44.960
<v Speaker 14>provides the bulwark against a resurgent Russia. And so I

0:13:44.960 --> 0:13:47.080
<v Speaker 14>think a lot of countries look and start to wonder,

0:13:47.120 --> 0:13:49.960
<v Speaker 14>you know, if you're a Baltic state, and you are

0:13:50.040 --> 0:13:53.199
<v Speaker 14>even if you're making your two percent or more of

0:13:53.200 --> 0:13:57.000
<v Speaker 14>spending on defense, would the US be there to defend

0:13:57.120 --> 0:14:01.559
<v Speaker 14>Latvia or Lithuania. That's something that former President Trump has

0:14:01.679 --> 0:14:04.120
<v Speaker 14>mocked in the past, the idea that US troops would

0:14:04.120 --> 0:14:06.800
<v Speaker 14>go to defend those states. So I think across the

0:14:06.800 --> 0:14:08.800
<v Speaker 14>Alliance it's going to generate a lot of alarm.

0:14:09.120 --> 0:14:13.559
<v Speaker 3>And as we're reporting these contemplations by the former president,

0:14:13.640 --> 0:14:17.920
<v Speaker 3>really interesting to hear Russian President Vladimir Putin being asked

0:14:17.920 --> 0:14:20.840
<v Speaker 3>about the US presidential race and who he would consider

0:14:20.880 --> 0:14:24.520
<v Speaker 3>a better president for Russia, Joe Biden or Donald Trump,

0:14:24.520 --> 0:14:26.120
<v Speaker 3>and he's saying Biden.

0:14:26.440 --> 0:14:27.440
<v Speaker 6>Once you take away from.

0:14:27.280 --> 0:14:30.280
<v Speaker 14>That, yeah, it's going to be very hard for me

0:14:30.320 --> 0:14:33.000
<v Speaker 14>to try to get into Vladimir Putin's head. All I

0:14:33.080 --> 0:14:35.640
<v Speaker 14>know is what he did say. He said he views

0:14:35.640 --> 0:14:40.480
<v Speaker 14>Biden as more experienced and predictable, more traditional type politician.

0:14:41.120 --> 0:14:45.320
<v Speaker 14>He was very much talking positively about Trump in the

0:14:45.320 --> 0:14:48.960
<v Speaker 14>twenty sixteen campaign. But I don't think the Trump presidency

0:14:49.040 --> 0:14:53.080
<v Speaker 14>necessarily worked out in the way that maybe Vladimir Putin

0:14:53.120 --> 0:14:57.239
<v Speaker 14>may have hoped for him. But it's what he said.

0:14:57.280 --> 0:14:59.880
<v Speaker 14>I'd hate to speculate as to what his motives are.

0:15:00.120 --> 0:15:00.760
<v Speaker 6>In the meantime.

0:15:00.800 --> 0:15:03.600
<v Speaker 3>Our last thirty seconds here, we also heard former President

0:15:03.640 --> 0:15:06.520
<v Speaker 3>Trump out on the campaign trail saying that he would

0:15:07.200 --> 0:15:11.600
<v Speaker 3>make further Ukraine aid alone if he were to come

0:15:11.640 --> 0:15:13.520
<v Speaker 3>back to the White House as well.

0:15:13.560 --> 0:15:14.920
<v Speaker 6>What's some of the reaction to that.

0:15:16.200 --> 0:15:18.640
<v Speaker 14>Well, it's you know, this is this is talking about

0:15:18.640 --> 0:15:21.720
<v Speaker 14>that sixty billion dollars in aid that's kind of stalled

0:15:21.800 --> 0:15:25.680
<v Speaker 14>right now in the House. He's saying, basically, you know,

0:15:25.760 --> 0:15:27.920
<v Speaker 14>maybe this should be some kind of a loan that

0:15:28.000 --> 0:15:31.080
<v Speaker 14>they don't have to pay back if they lose the war,

0:15:31.840 --> 0:15:35.040
<v Speaker 14>and then they can pay back if they win. I

0:15:35.040 --> 0:15:38.200
<v Speaker 14>don't think that's going to help move move the debate

0:15:38.240 --> 0:15:40.840
<v Speaker 14>over this aid in either direction at this point.

0:15:43.000 --> 0:15:46.040
<v Speaker 3>This is Bloomberg Daybreak Today, your morning brief on the

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