Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm John Tucker. Here
Speaker 2: are these stories we're following today.
Speaker 3: We begin with the latest on a celebration that turned
Speaker 3: into chaos in Kansas City. At least one person is
Speaker 3: dead more than twenty others wounded in a mass shooting
Speaker 3: that followed the Kansas City Chiefs Super Bowl victory parade.
Speaker 3: Authorities say at least eight of the victims are children.
Speaker 3: Three suspects are in custody. Kansas City Mayor Quentin Lucas
Speaker 3: says the city celebration should not have ended this way.
Speaker 4: This is a day that a lot of people look
Speaker 4: forward to, something they remember for lifetime, and what they
Speaker 4: shouldn't have to remember is the threat of gun violence.
Speaker 3: And Mayor Quentin Lucas says the White House and federal
Speaker 3: agencies have offered assistance. President Biden put out a statement
Speaker 3: reiterating his call for an assault weapons ban.
Speaker 2: And turning down to politics here in the US, we're
Speaker 2: learning that former President Donald Trump considering major chain to
Speaker 2: America's commitment to NATO if he returns to office. Details
Speaker 2: from Bloomberg's and Baxter.
Speaker 5: Trump says scaled back commitments to NATO nations with a
Speaker 5: two tiered NATO Alliance, where Article five, which requires common
Speaker 5: defense of any member under attack, would apply only to
Speaker 5: those that hit defense spending goals others not defended. His
Speaker 5: advisers say no plans have been finalized. Trump also says
Speaker 5: he wants to push Ukraine to settle the war as
Speaker 5: a condition to getting any more aid ed Baxter Bloomberg Radio.
Speaker 6: Okay, and thank you.
Speaker 3: Russian President Vladimir Putin's weighing in on the US presidential
Speaker 3: race for the first time. In an interview with State television,
Speaker 3: the Russian leader was asked who would be the better
Speaker 3: US president for Russia, Joe Biden or Donald Trump. Here's
Speaker 3: Putin's answer through an interpreter.
Speaker 4: Biden Biden, he is the more experienced person. He's predictable,
Speaker 4: he is a politician of the old formation. Or we
Speaker 4: will work with any US leader who the American people
Speaker 4: have confidence in me.
Speaker 3: Back in twenty sixteen, Vladimir Putin praised the other front runner,
Speaker 3: Donald Trump.
Speaker 2: And now let's turn to the Middle East. Gaza's health
Speaker 2: ministry says Israel has stormed the main hospital in southern
Speaker 2: Gaza as comes a day after Israel's army born the
Speaker 2: thousands who saw on shelter at the NACER hospital in
Speaker 2: Conyunis to evacuate. Israeli Prime Minister at benjaminettya who has
Speaker 2: backed out of ceasefire talks in Cairo. He's calling Kamas's
Speaker 2: demand for a total Israeli withdrawal from Gaza delusional. Allies,
Speaker 2: including the Canadian Prime Minister Justin Trudeau, are calling for restraint.
Speaker 7: The threats to more action on Rafa has everyone deeply worried.
Speaker 7: We need to see stabilization in the region peace and
Speaker 7: we need to work on the two state solution.
Speaker 1: That is the only.
Speaker 7: Way to ensure durable peace and safety.
Speaker 2: Just bite Prime Minister Trudeau's comments, Israel's position suggests that
Speaker 2: even a temporary plause in the fighting remains a distant prospect.
Speaker 8: John.
Speaker 3: Let's turn now to space. A privately owned moonlander is
Speaker 3: on its way to the Lunar Service three two one
Speaker 3: ignition and with up Go SpaceX GO I AM one
Speaker 3: and the Odysseus Lunar Lander. The IM one flight is
Speaker 3: carrying six NASA payloads of instruments designed to gather data
Speaker 3: about the lunar environment. The latest in SpaceX's Intuitives machines
Speaker 3: mission is a head of the agency's planned return of
Speaker 3: astronauts to the Moon later this decade.
Speaker 2: And turning to the market, stock futures higher half to
Speaker 2: the S and P five hundred closed at five thousand
Speaker 2: yesterday was a big tech once again leading the way.
Speaker 2: Now we found out tech was a big theme for
Speaker 2: hedge fund managers in the latest thirteen f filings. Let's
Speaker 2: get more from Bloomberg's Doun Prisner.
Speaker 9: Hedge funds seem to be chasing the rally in information technology,
Speaker 9: fueled by the growth and artificial intelligence. The latest quartal
Speaker 9: IT reports filed with the SEC show institutional buying of Amazon, Intel,
Speaker 9: and Nvidia. In Q four, Metaplytforms was an outlier, with
Speaker 9: a net sale from hedge funds worth six point six
Speaker 9: million dollars in stock. It suggests these investors may have
Speaker 9: locked in profits after Meta jumped eighteen percent in the
Speaker 9: final quarter of twenty three. Technology accounted for the biggest
Speaker 9: waitings in hedge fund portfolios at twenty five percent. Consumer
Speaker 9: discretionary was next at fifteen percent. In New York, I'm
Speaker 9: Doug Prisner, Bloomberg Radio.
Speaker 3: Doug Fanks and Company News, Shares of Cisco are down
Speaker 3: more than five percent. The largest maker of networking equipment
Speaker 3: slashed its full year forecast and also said it would
Speaker 3: cut about five percent of its global workforce.
Speaker 6: That's about four thousand jobs.
Speaker 2: And we're also getting job cuts in the financial industry,
Speaker 2: sources say Morgan Stanley planning to eliminate several hundred jobs.
Speaker 2: Those cuts will affect less than one percent of employees
Speaker 2: in the wealth management business, which hands about forty thousand workers.
Speaker 3: Turning to the economy and other FED officials urging patients
Speaker 3: when it comes to cutting interest rates, Federal Reserve Vice
Speaker 3: Chair for Supervision Michael Barr says he agrees with Chairman
Speaker 3: j Powell's conscious approach.
Speaker 10: Support what he called a careful approach to considering policy
Speaker 10: normalization given current conditions. January's report on consumer Product index
Speaker 10: inflation is a reminder that the path back to two
Speaker 10: percent inflation may be a bumpy one.
Speaker 3: The Fed's Michael Barr also repeated his long standing view
Speaker 3: that the US banking sector is sound.
Speaker 2: In Europe, the UK slipped into a mild recession in
Speaker 2: the second half of twenty twenty three. Gross domestic product
Speaker 2: found three tenths of a percent of the fourth quarter.
Speaker 2: That follows an unrevised one tenth of a percent decline
Speaker 2: in the previous three months.
Speaker 3: And Japan's economy also unexpectedly slipped into recession after shrinking
Speaker 3: for a second quarter due to anemic domestic demand. GDP
Speaker 3: contracted an an annualized pace of four tenths of one
Speaker 3: percent in the final three months of last year, following
Speaker 3: a revised three point three percent retreat for Japan's economy
Speaker 3: in the previous quarter. Time now to take a look
Speaker 3: at some of the other stories making news around the
Speaker 3: world with Bloomberg's Michael Barr.
Speaker 6: Good Morning, Michael.
Speaker 8: Arding Nathan, Republican chair of the House Intelligence Committee, Congressman
Speaker 8: Mike Turner is publicly warning of a national security threat
Speaker 8: concerning a destabilizing foreign military capability, so serious that he
Speaker 8: says President Biden should declassify all information about it. It's
Speaker 8: reported the intelligence relates to Russia wanting to put nuclear
Speaker 8: weapons into space to possibly use against satellites. House Speaker
Speaker 8: Mike Johnson says he's aware of the issue and wants
Speaker 8: the public to stay calm.
Speaker 2: I saw Chairman Turner's statement on the issue, and I
Speaker 2: want to assure the American people there's no need for
Speaker 2: public alarm. We are going to work together to address
Speaker 2: this matter.
Speaker 8: Speaker Johnson says he will press the Biden administration to
Speaker 8: take appropriate action. The White House is urging House Republicans
Speaker 8: to agree to a foreign aid package already passed by
Speaker 8: the Senate. The ninety five billion dollar bill would fund Israel, Ukraine,
Speaker 8: and Taiwan, but House Speaker Mike Johnson has said that
Speaker 8: he won't bring the bill to the floor. Johnson wants
Speaker 8: foreign aid be tied to border security, but the Senate
Speaker 8: proposed bipartisan plan earlier this month that Speaker Johnson refused
Speaker 8: to put to a vote. White House Press Secretary Kaarine
Speaker 8: Jean Vierre says that Johnson is stonewalling congressional progress and
Speaker 8: listen to former President Trump, who pressured Republicans to kill
Speaker 8: the bipartisan deal.
Speaker 1: What is it he decided instead, he decides to choose
Speaker 1: Donald Trump. And let's not forget there's fentinal traffickers, right,
Speaker 1: that's what he sided with over the border patrol, over
Speaker 1: this president and in doing what majority of Americans wants
Speaker 1: us to do, he's the one killing this speaker.
Speaker 8: Johnson says he wants to meet with President Biden, but
Speaker 8: the White House says that there's nothing to negotiate because
Speaker 8: the bipartisan Senate deal contained much what Republicans have been
Speaker 8: asking for related to border security. Donald Trump is expected
Speaker 8: to be back in the New York court today for
Speaker 8: a hearing that could decide whether the former president's first
Speaker 8: criminal trial begins in late March. Trump pleaded not guilty
Speaker 8: last April to thirty four counts of falsifying business records.
Speaker 8: Prosecutors say Trump's company kept fraudulent records as part of
Speaker 8: a scheme to bury stories about extra marital affairs that
Speaker 8: the former president says were false. Trump's lawyers say the
Speaker 8: criminal case is politically motivated. Global News twenty four hours
Speaker 8: a day and whenever you want it with the Bloomberg News.
Speaker 2: Now.
Speaker 8: I'm Michael Barr, and this is Bloomberg Nator.
Speaker 3: Okay, Michael, thank you time now for the Bloomberg Sports Update,
Speaker 3: brought to you by Tri State. Out of here's John
Speaker 3: stash Hour.
Speaker 11: All right, Nathan, the Knicks right now have more injured
Speaker 11: players than healthy ones. Jalen Brunson did play in Orlando.
Speaker 11: But six of the knicks top players did not, and
Speaker 11: sure enough they lost to the Magic one eighteen to
Speaker 11: one hundred runs and scored thirty three in defeat. He's
Speaker 11: now headed Indianapolis to play in Sunday's All Star Game.
Speaker 11: It's a good time for the All Star break is
Speaker 11: the Knicks hope to at least get some of these
Speaker 11: injured players healthy.
Speaker 6: They've lost four to Row five and six since that
Speaker 6: nine game winning streak.
Speaker 11: Then Nets lost in Boston by p fifty one thirty
Speaker 11: six to eighty six. It's the second worst loss in
Speaker 11: Nets history. It's the Celtics second win this season by
Speaker 11: fifty or more and only two other teams have ever.
Speaker 6: Done that in NBA history.
Speaker 11: Before the game between Detroit and Phoenix, a fight in
Speaker 11: the tunnel and apparently one sighted one with the Pistons
Speaker 11: Isaiah Stewart punching the Suns Drew Eubanks and the face
Speaker 11: police broke it up and they arrested Stewart.
Speaker 6: He was sighted.
Speaker 11: In the Leafe College Hoops number one, Yukon won by
Speaker 11: thirty six at DePaul, also in the Big East seat
Speaker 11: and haulby Xavier. Fordham lost to Saint Bonavencer Ohio State
Speaker 11: fired coach Chris Holtman. He's in his seventh season, has
Speaker 11: four years left on his contract. Assistant Jake Diebler takes
Speaker 11: over with the Buckeyes fourteen to eleven, four and ten
Speaker 11: of the Big Ten. Also getting fired forty nine Ers
Speaker 11: defensive coordinator Steve Wilkes PGA tours at Riviera in LA
Speaker 11: for Tiger Woods, his first appearance at a sanctioned PG
Speaker 11: event in almost a year.
Speaker 6: He's got high hopes.
Speaker 12: A nice stuffy would be nice.
Speaker 8: All right.
Speaker 12: I haven't.
Speaker 6: Had ever won this event.
Speaker 12: So I've played this event since since ninety two, and
Speaker 12: on the years I've played, I've still never have won
Speaker 12: this event. So hopefully that I got to figure something
Speaker 12: out and get myself in there in contention and you know,
Speaker 12: maybe get a w at the the end.
Speaker 13: Of the week.
Speaker 11: Talker to yous out Today twelve twenty five Easter John
Speaker 11: Stashiy hour Bloomberg.
Speaker 13: Sports from coast to coast, from New York to San Francisco,
Speaker 13: Boston to Washington, DC, nationwide on Syrias, Exam, the Bloomberg
Speaker 13: Business app, and Bloomberg dot Com.
Speaker 3: This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. We
Speaker 3: are coming up to two years since Russia's invasion of Ukraine,
Speaker 3: and as the US gets closer to a presidential election,
Speaker 3: America's commitment to its traditional allies is becoming more of
Speaker 3: an issue. Bloomberg News has learned former President Donald Trump
Speaker 3: is considering dramatic changes to the US stance on NATO
Speaker 3: if he were to return to the White House, and
Speaker 3: here with us now to discuss it is Bloomberg News
Speaker 3: Senior editor Bill Ferries. Bill, we know the former president
Speaker 3: has been critical of NATO in the past, to put
Speaker 3: it mildly, but from what we're hearing, the changes he's
Speaker 3: contemplating are pretty dramatic.
Speaker 14: That's right, Nathan. Thanks. It sounds like what former President
Speaker 14: Trump has in mind if he's back in the White
Speaker 14: House is some kind of two tiered NATO where the
Speaker 14: Article five commitment, and that's the one that basically says,
Speaker 14: if you're attacked, we will all come to defend you.
Speaker 14: That would only apply to countries that are meeting the
Speaker 14: two percent of GDP two percent of spending of GDP
Speaker 14: on defense threshold. That's kind of long been, kind of
Speaker 14: long been the marker for NATO. It's not a requirement.
Speaker 14: It's not put into the NATO chart or anything like that.
Speaker 14: But what President Trump, former President Trump, seems to be
Speaker 14: proposing is if you're below that threshold and you get attacked,
Speaker 14: then we may not come to your defense.
Speaker 3: And we've also seen a lot more attention on tend
Speaker 3: rupt bill, but on the commitments that NATO members have
Speaker 3: been making. At this point, at least a majority of
Speaker 3: NATO nations are meeting that two percent threshold, aren't.
Speaker 2: They They are.
Speaker 14: It's when President Trump took office, NATO members were already
Speaker 14: starting to ramp up spending that started in about twenty
Speaker 14: fourteen twenty fifteen after Russia's invasion of Crimea that continued
Speaker 14: through the Trump presidency. It was, as you mentioned, a
Speaker 14: frequent focus of his speeches about NATO were at like
Speaker 14: about two thirds I think eighteen or so of the
Speaker 14: roughly thirty thirty one members are spending at least two
Speaker 14: percent of GDP on defense. Now, it's important to remember
Speaker 14: NATO's not like a bank account that they're all depositing
Speaker 14: money in. This is literally what they are spending. How
Speaker 14: you define defense includes you know, salaries and healthcare benefits
Speaker 14: as well as weaponry. So how that breaks out within
Speaker 14: every country is going to be different. But you're at
Speaker 14: about two thirds of the thirty one members at this point.
Speaker 3: What's the reaction among NATO members or among NATO itself
Speaker 3: to this kind of contemplation from the former president?
Speaker 6: How seriously are they taking this? Well?
Speaker 14: It's I think it is drawing a lot of concern
Speaker 14: if he gets in the White House that maybe the
Speaker 14: NATO alliance as we know it will basically start to
Speaker 14: fall apart. I think the Article five commitment is kind
Speaker 14: of seen as the core of NATO. It's only been
Speaker 14: invoked once in the organization's history, that was by the
Speaker 14: United States after September eleventh, But it's really seen as
Speaker 14: the reason there is in NATO. It's the alliance that
Speaker 14: provides the bulwark against a resurgent Russia. And so I
Speaker 14: think a lot of countries look and start to wonder,
Speaker 14: you know, if you're a Baltic state, and you are
Speaker 14: even if you're making your two percent or more of
Speaker 14: spending on defense, would the US be there to defend
Speaker 14: Latvia or Lithuania. That's something that former President Trump has
Speaker 14: mocked in the past, the idea that US troops would
Speaker 14: go to defend those states. So I think across the
Speaker 14: Alliance it's going to generate a lot of alarm.
Speaker 3: And as we're reporting these contemplations by the former president,
Speaker 3: really interesting to hear Russian President Vladimir Putin being asked
Speaker 3: about the US presidential race and who he would consider
Speaker 3: a better president for Russia, Joe Biden or Donald Trump,
Speaker 3: and he's saying Biden.
Speaker 6: Once you take away from.
Speaker 14: That, yeah, it's going to be very hard for me
Speaker 14: to try to get into Vladimir Putin's head. All I
Speaker 14: know is what he did say. He said he views
Speaker 14: Biden as more experienced and predictable, more traditional type politician.
Speaker 14: He was very much talking positively about Trump in the
Speaker 14: twenty sixteen campaign. But I don't think the Trump presidency
Speaker 14: necessarily worked out in the way that maybe Vladimir Putin
Speaker 14: may have hoped for him. But it's what he said.
Speaker 14: I'd hate to speculate as to what his motives are.
Speaker 6: In the meantime.
Speaker 3: Our last thirty seconds here, we also heard former President
Speaker 3: Trump out on the campaign trail saying that he would
Speaker 3: make further Ukraine aid alone if he were to come
Speaker 3: back to the White House as well.
Speaker 6: What's some of the reaction to that.
Speaker 14: Well, it's you know, this is this is talking about
Speaker 14: that sixty billion dollars in aid that's kind of stalled
Speaker 14: right now in the House. He's saying, basically, you know,
Speaker 14: maybe this should be some kind of a loan that
Speaker 14: they don't have to pay back if they lose the war,
Speaker 14: and then they can pay back if they win. I
Speaker 14: don't think that's going to help move move the debate
Speaker 14: over this aid in either direction at this point.
Speaker 3: This is Bloomberg Daybreak Today, your morning brief on the
Speaker 3: story's making news from Wall Street to Washington and beyond.
Speaker 2: Look for us on your podcast feed by six am
Speaker 2: Easter each morning, on Apple's Spotify, and anywhere else you
Speaker 2: get your podcasts.
Speaker 3: You can also listen live each morning starting five am
Speaker 3: Wall Street time on Bloomberg eleven three to zero in
Speaker 3: New York, Bloomberg ninety nine one in Washington, Bloomberg one
Speaker 3: oh sixty one in Boston, and Bloomberg ninety sixty in
Speaker 3: San Francisco.
Speaker 2: Our flagship New York station is also available on your
Speaker 2: Amazon Alexa devices. Just say Alexa play Bloomberg eleven.
Speaker 3: Thirty plus listen coast to coast on the Bloomberg Business app,
Speaker 3: Sirius XM, the iHeartRadio app, and on Bloomberg dot Com.
Speaker 6: I'm Nathan Hager and.
Speaker 2: I'm John Tucker. Join us again tomorrow morning for all
Speaker 2: the news you need to start your day right here
Speaker 2: on Bloomberg date Bright