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: John, we begin with the latest on the Israel Hamas war.
Speaker 3: Israeli Prime Minister Benjamin Netanyah, who says his country will
Speaker 3: fight even without US help. He says it must continue
Speaker 3: its offensive against Hamas in the southern Gaza city of Rafa. Ntayah,
Speaker 3: who discussed a potential invasion in an interview on Doctor
Speaker 3: Phil Primetime on Merritt Street Media.
Speaker 4: In the Holocaust, we stood alone, but we were defenseless,
Speaker 4: and today, if Israel has to stand alone, we'll stand alone.
Speaker 3: Benjamin Netanyahu's comments follow President Biden's warning that he will
Speaker 3: pause additional shipments of offensive weapons to Israel if it
Speaker 3: launches an invasion. Netanyah, who says Israel will do its
Speaker 3: utmost to make sure civilians leave Rafa, where more than
Speaker 3: a million people are sheltering, before any attack.
Speaker 2: This morning, Nathan, we're learning the protesters at Harvard are
Speaker 2: vowing to continue to encampment at Harvard Yard. Talks with
Speaker 2: the school administration failed. The protesters demanding Harvard University disclosed
Speaker 2: and divests from companies linked to Israel, or they'll stay
Speaker 2: in their tents and continue and encampment in Harvard Yard.
Speaker 2: That's according to an instagram pulls from the group Harvard
Speaker 2: Out of Occupying Palestine. They posted that the interim president
Speaker 2: Alan Garber rejected that proposal and exchange for taking down
Speaker 2: their encampment. Garver this week Warm protesters they needed to
Speaker 2: end their encampment or face consequences, including suspension.
Speaker 3: Was Israel continues to consider a Rafa invasion. John Whitehouse
Speaker 3: National Security spokesman John Kirby says the Biden administration shares
Speaker 3: Israel's goal of eradicating Hamas, but he says quote smashing
Speaker 3: into Rafa would not advance Israel's aim. Kirby reiterated the
Speaker 3: US as pausing but has not yet canceled a shipment
Speaker 3: of about thirty five hundred bombs. Carmeil Arbitt with the
Speaker 3: Atlantic Council tells Bloomberg, Israel thinks the administrations pauses having
Speaker 3: serious diplomatic ramifications.
Speaker 5: Israel and its supporters have been very quick to point
Speaker 5: out that not only is this emboldening Hamas in the
Speaker 5: context of negotiations where Israel has tried to use RAFA
Speaker 5: as a leveraging tool to push Hamas closer to israel
Speaker 5: Ces fire position. But it also sends a message to
Speaker 5: Hezbola and to Iran that there is a wedge between
Speaker 5: the United States and Israel.
Speaker 3: Karmiel Arbid of the Atlantic Council adds, this is the
Speaker 3: highest friction point between the two countries since President Biden
Speaker 3: took office. You can hear more of her thoughts on
Speaker 3: the Bloomberg Balance of Power podcast. You can find that
Speaker 3: on Apple, Spotify or manywhere else you get your podcasts.
Speaker 2: And meanwhile at Washington, Bloomberg News has learned President Biden
Speaker 2: is going to unveil tariffs against China as soon as
Speaker 2: next Tuesday, marketing one of the administration's biggest moves against
Speaker 2: Chinese trade. At Bloomberg, Stephen angel Is in Hong Kong.
Speaker 2: He says the tariffs will target three key industries.
Speaker 6: These new tariffs would be very targeted at the three
Speaker 6: key green industries that She Jinping has essentially earmarked as
Speaker 6: priorities for investment, the new three as he called it
Speaker 6: at the National People's Congress in March, and that is
Speaker 6: electric vehicles, batteries.
Speaker 2: And solar Bloomber Steven Angels says Biden's plans are a
Speaker 2: contrast to Donald Trump's pledge to levey his sixty percent
Speaker 2: tax on all Chinese imports if he wins November's election.
Speaker 3: As for former President Trump, john his hush money trial
Speaker 3: continues in Manhattan, and Stormy Daniels has wrapped up her
Speaker 3: testimony recounting the affairs she says she had with the
Speaker 3: former president. The adult film actress was grilled by one
Speaker 3: of Trump's lawyers who aimed to portray her as an
Speaker 3: extortionist and a liar. Brown University professor Wendy Schiller says
Speaker 3: it's not clear how her testimony could shift the jury,
Speaker 3: but she thinks the trial will affect the twenty twenty
Speaker 3: four election.
Speaker 7: Trump has been brilliant in getting both fundraising from his
Speaker 7: donors but also the RNC to pay a lot of
Speaker 7: his bills, and that means they can't fund things like
Speaker 7: organize and get out the vote, help their county chairs
Speaker 7: and help Senate candidates in swing states, and those two
Speaker 7: kinds of campaigns are going to be crucial to either
Speaker 7: side's victory in November.
Speaker 3: Wendy Scheller, Brown University says Trump continues to critique the
Speaker 3: charges against him. He's calling the judge in the hush
Speaker 3: money trial a disgrace after he refused to throw out
Speaker 3: the case for a second time.
Speaker 2: Attorning to Markets Now, stocks did rally on Earning's optimism.
Speaker 2: We also had to inflation data applications for US unemployment
Speaker 2: benefits coming in higher than expended yesterday. This comes ahead
Speaker 2: of next week's key CPI reading. Sarah House, senior US
Speaker 2: economists with Wells Fargo, says a hotter pread likely to
Speaker 2: keep rates higher for longer.
Speaker 1: Looking very hard at court at the core, just given
Speaker 1: that you have had three months in a row of
Speaker 1: upside surprises, and we really need to see the core
Speaker 1: begin to downshift if you are going to keep even
Speaker 1: the potential of even a September cut.
Speaker 2: Sarah House with Wells Fargo telling Bloomberg she can't completely
Speaker 2: rule out a pial rate hike this year, but believes
Speaker 2: jpwell set the bar very high for any hikes in
Speaker 2: his latest pressure.
Speaker 3: Well In Europe, John the UK has officially exited recession
Speaker 3: after its strongest quarter of growth in nearly three years.
Speaker 3: GDP expanded by six tenths of one percent in the
Speaker 3: first quarter, beating all estimates. Elizabeth Martin's senior economist at HSBC,
Speaker 3: says it's worth keeping the figure in perspective.
Speaker 8: My slight worry about it is that some of this
Speaker 8: recovery was based on expectations towards the end of last year.
Speaker 8: The interest rates were kind of come down quite sharply,
Speaker 8: and the market has reprised away from that, and the risks,
Speaker 8: I guess have kind of grown, So it becomes a
Speaker 8: bit circular. The stronger the economy, the stronger employment and
Speaker 8: wages and inflation, and the less able the Bank of
Speaker 8: England is to deliver some of those.
Speaker 3: Cuts, and HSBC's Elizabeth martinads next year's GDP forecast for
Speaker 3: the UK is still set to be the worst in
Speaker 3: the G seven.
Speaker 2: And in tech, Apple's set to deliver some of its
Speaker 2: upcoming artificial intelligence features this year via data centers equipped
Speaker 2: with its own AI capabilities. This part of his sweeping
Speaker 2: effort to infuse its devices with AI capabilities, but also
Speaker 2: mark Sample's much anticipated push into generative artificial intelligence, the
Speaker 2: technology behind chat, GPT and other popular tools. The companies
Speaker 2: playing ketchup with big tech rivals in the area, but
Speaker 2: he is pois to lay out an ambitious AI strategy
Speaker 2: at its worldwide Developers conference that is sent for June tenth.
Speaker 3: As for staffing strategies in corporate America, John Pershing Square
Speaker 3: founder Bill Ackman was reportedly criticized for his attacks on diversity,
Speaker 3: equity and inclusion during a closed door panel discussion at
Speaker 3: the Milken Conference in Los Angeles. Ackman had previously labeled
Speaker 3: DEI as inherently racist and illegal. About forty people, including
Speaker 3: some of Wall Street's most senior executives of color, confronted
Speaker 3: him about these views. In a statement afterward, Acman said
Speaker 3: he's written thousands of words about his quote nuanced views
Speaker 3: on this important topic. He asked people to read them
Speaker 3: to fully understand his perspective.
Speaker 9: Yeah.
Speaker 2: That brings us to five eight of Wall Street Time
Speaker 2: down for a look at some of the other stories
Speaker 2: making news in New York and around the world over
Speaker 2: that which joined by Bloomberg's Michael Barr Michael, good morning.
Speaker 4: Good morning John. The man who attacked three New York
Speaker 4: City police officers with a machete on New Year's Eve
Speaker 4: in twenty twenty two, was sentenced yesterday. Prosecutors say Trevor
Speaker 4: Bickford was sentenced to twenty seven years in prison for
Speaker 4: ambushing the NYPD officers in the name of jihad and
Speaker 4: Times Square. The officers who were attacked in the head
Speaker 4: were seriously injured. Bickford pleaded guilty to attempted murder and
Speaker 4: assault on January eleventh. For the attack. Authorities say he
Speaker 4: traveled from his home in Maine to New York City to,
Speaker 4: in his words, wage jihad and kill as many targets
Speaker 4: as possible. Severe weather he hit for a fourth straight
Speaker 4: overnight in much of the South. Storms ravage parts of
Speaker 4: Middle Tennessee. A woman was killed and over one hundred
Speaker 4: homes damaged in Moray County, south of Nashville. Governor Bill
Speaker 4: lead tour the aftermath of an EF three tornado that
Speaker 4: tour through Columbia. He says, homes, we're devastated.
Speaker 3: It's heartbreaking.
Speaker 10: He realized that you don't know what it feels like
Speaker 10: to be that family, but you know that it must
Speaker 10: be awful.
Speaker 4: Since Monday, there have been nearly one hundred reported or
Speaker 4: confirmed tornadoes across eighteen states. The NYPD says one woman
Speaker 4: is dead and another is in critical condition after they
Speaker 4: were struck by a vehicle in Bushwick, Brooklyn. It happened
Speaker 4: after five pm at the intersection of Eldert Street and
Speaker 4: Knickerbocker Avenue. The two victims were said to be a
Speaker 4: seventy one year old mother who died and her forty
Speaker 4: four year old daughter. Police say the vehicle, a blue Mazda,
Speaker 4: sped through the intersection with police behind it when the
Speaker 4: driver crashed into a van and the victims. The driver
Speaker 4: the vehicle with Massachusetts plates took off on foot and
Speaker 4: it's still on the loose. The Biden administration wants hospitals
Speaker 4: to meet minimum cyber security standards after a single hack
Speaker 4: exposed the data of one hundred million Americans, and Newburger,
Speaker 4: Deputy National Security Advisor for Cyber and Emerging Technology, we.
Speaker 3: Launched a platform where countries can share indicators, a compromise,
Speaker 3: can actually collaborate to say, here's what we're seeing in
Speaker 3: a hospital.
Speaker 9: Has anybody else seen this?
Speaker 3: And the goal in all.
Speaker 2: Of this is to make it riskier, costlier, and harder
Speaker 2: for attackers.
Speaker 4: Newburger spoke at the Bloomberg Tech Summit in San Francisco yesterday.
Speaker 4: The announcement follows Ascension as the latest healthcare system to
Speaker 4: have a cyber security problem. Global news twenty four hours
Speaker 4: a day and whenever you want it with the Bloomberg News. Now,
Speaker 4: I'm Michael Barr, and this is Bloomberg.
Speaker 2: John, Michael, thank you, and that brings us to five
Speaker 2: ten of time down for the Bloomberg Sports Update.
Speaker 9: Man for that.
Speaker 2: Good morning, John Stashower.
Speaker 9: Good morning, John Tucker.
Speaker 11: To win the Stanley Cup, you need to win sixteen
Speaker 11: playoff games. The Rangers are almost halfway there and they've
Speaker 11: yet to lose, now seven to zero, with the last
Speaker 11: two wins both coming in overtime. Game three at Carolina,
Speaker 11: the Hurricanes led, then the Rangers led, Kanes scored late
Speaker 11: in regulation to tie. It was decided early in ot
Speaker 11: Let's sidle up for a year, sends it in Brown.
Speaker 11: The boards had gone Miss Tyrol long played the time.
Speaker 9: Yes, Yes.
Speaker 11: The Rangers with it in over time and lead the
Speaker 11: series three games today w EPN.
Speaker 9: They won three too.
Speaker 11: By the way, it was our Timmy Peneren scoring the
Speaker 11: game winning goal of brilliant tipping through his legs at
Speaker 11: a minute forty three into sudden death. Earlier Ranger goals
Speaker 11: by Chris Cryder shorthanded lexis left Frontier Rangers go for
Speaker 11: the sweep tomorrow night.
Speaker 9: Good night to the team from Dallas. The Stars, who
Speaker 9: blew a three.
Speaker 11: Goal lead in Game one nearly blew a four goal
Speaker 11: lead in Game two with the hell Non beat Colorado
Speaker 11: five to three. The MAVs won at Oklahoma City one
Speaker 11: nineteen one to ten. That series also tied to one,
Speaker 11: and so is the Cavs Celtics series. Cleveland lost the
Speaker 11: opener by twenty five one last night in Boston by
Speaker 11: twenty four, So it's acquiring og Onanobi and a Trey
Speaker 11: of Toronto. The Knicks record with him in the lineup
Speaker 11: is twenty six and five. He won't play tonight Game
Speaker 11: three in Indiana, out with a strain hamstring.
Speaker 9: Not known if or when he'll return. Nicks look to
Speaker 9: go up three to nothing in the series.
Speaker 11: The Phoenix Suns fired coach Frank Vogel after one season.
Speaker 11: Widely reported the favorite to replace him as Mike Budenholzer.
Speaker 11: He won a championship with Milwaukee the Stadium Astros at
Speaker 11: two first hitting homers off Marcus Stroman beat the Yankees
Speaker 11: four to three.
Speaker 9: Anthony Volpin Aaron Judge homer to.
Speaker 11: Defeat Quail Hollow Golf and Charlotte's Andrews Shopley shot seven
Speaker 11: under leads by three at the LPGA Clift in New Jersey.
Speaker 11: Nelly Corda looking to make history by winning six tournaments
Speaker 11: in a row, which she's tied for eighteen six shots
Speaker 11: off the pace.
Speaker 9: John Stashedward Bloomberg's Boots Johnaitham.
Speaker 4: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 4: and around the world on Bloomberg dot Com and the
Speaker 4: Bloomberg Business app.
Speaker 3: This is Bloomberg Daybreak.
Speaker 9: Good morning.
Speaker 3: I'm Nathan Hager. If we have to stand alone, we
Speaker 3: will stand alone. That was the initial response from Israeli
Speaker 3: Prime Minister Benjamin Netanyahu to President Biden's decision to withhold
Speaker 3: some bomb shipments ahead of a possible attack on Rafa.
Speaker 3: But the Israeli Prime Minister may be trying to smooth
Speaker 3: things over a bit. In an interview with TV's Doctor
Speaker 3: Film and for more. We're joined now by Bloomberg's Israel
Speaker 3: Bureau chief Ethan Bronner in Tel Aviv. Ethan, good morning.
Speaker 3: So in this interview, the Prime Minister said he's had
Speaker 3: disagreements with President Biden before and they've overcome them before.
Speaker 3: How could the is the US and Israel overcome this
Speaker 3: current disagreement.
Speaker 10: Good morning, Nathan Well. I suppose the answer would be
Speaker 10: to somehow split the difference. That is to say, if
Speaker 10: the Americans are especially concerned about civilian casualties, if Israel
Speaker 10: goes into Rafa. So in theory, if Israel were to
Speaker 10: really move people out in some systematic fashion and then
Speaker 10: have a more targeted set of attacks at the hamas
Speaker 10: militants underground there and the number of people killed is low,
Speaker 10: I mean, the number of civilians killed is low. In theory,
Speaker 10: that might be some form of reconciliation, right. I mean,
Speaker 10: I think that the biggest problem for Israel is that
Speaker 10: it's got a two front ward both in Gaza and
Speaker 10: then in the North, and if it doesn't have US
Speaker 10: bombs and weapons, it's going to be in a little
Speaker 10: bit of trouble. So the pressure has some meaning.
Speaker 3: Are we seeing any evidence at this point that Israel
Speaker 3: could be headed that way when it comes to getting
Speaker 3: civilians out of harm's way taking a more targeted approach.
Speaker 10: You know, they've been saying some version of this on
Speaker 10: and off for many many weeks. I think we really
Speaker 10: don't know. One of the difficulties right now is that
Speaker 10: we are all so at some kind of a hinge
Speaker 10: point in these negotiations mediated by the US at Katar
Speaker 10: in Egypt with Hamas for an exchange and a ceasefire.
Speaker 10: So if that comes about, and I'm not especially optimistic,
Speaker 10: but if it comes about, then there will be some
Speaker 10: weeks without fighting, and then you never know where that goes, right.
Speaker 10: I mean, that's a little bit why hardliners in this
Speaker 10: country don't want there to be too much of a ceasefire,
Speaker 10: but the government says it's willing if they can get
Speaker 10: hostages back, so I think there is some reason to
Speaker 10: think that. And what I'm saying also is that as
Speaker 10: Israel edges toward Rafa, part of it is to pressure
Speaker 10: these negotiations.
Speaker 9: So it's kind of a.
Speaker 10: Double game in reality happening but also sending a message.
Speaker 10: It's difficult to really know what the ultimate attack in
Speaker 10: Rafack is going to be. I want to add one
Speaker 10: other thing, which is that there are reports that they've
Speaker 10: been talking about and waiting so long that the so
Speaker 10: called for battalions underground in Rafa may now be down
Speaker 10: to two or three with Hummas fighters having moved back
Speaker 10: to the center of the Gaza strip to Han Yunis
Speaker 10: and Deir Balach. You know, I don't know that, but
Speaker 10: it is an interesting problem if true.
Speaker 3: Wellly about thirty seconds left Ethan. We've heard a lot
Speaker 3: about what hardliners are looking for when it comes to
Speaker 3: an invasion of Rafa. What are these rarely people looking
Speaker 3: for right now?
Speaker 10: I would say that the Israeli people, by a slight majority,
Speaker 10: would rather see a hostage deal, and they do generally
Speaker 10: think it's important to destroy Hamas, but they're really eager
Speaker 10: to get back the one hundred plus people, many of
Speaker 10: them dead, about half probably dead, half living, half dead,
Speaker 10: that are still in the hands of Hamas. That is
Speaker 10: their top priority right now.
Speaker 12: This is Bloomberg Daybreak Today, your morning brief on the
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Speaker 3: 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 day Break