November 19, 2025 • 15 mins
On today's podcast:
1) President Trump’s firm control of Washington showed signs of weakening Tuesday as Congress voted to compel the Justice Department to release its files on sex trafficker Jeffrey Epstein, whose earlier ties to the president have been the subject of intense scrutiny. The legislation overwhelmingly passed the House in a 427 to 1 vote. Within hours, the Senate agreed unanimously that the bill would be passed without further action once it arrives in the Senate. It will then be sent to Trump, who has said he’ll sign it. Trump late Sunday relented on his prior opposition and directed Republicans to vote to release the files. Senate Republicans ignored calls by Speaker Mike Johnson to give the Justice Department additional leeway to withhold documents.
2) President Trump said he would formally designate Saudi Arabia as a major non-NATO ally in a further strengthening of ties between the two countries, capping a day of dealmaking between the US leader and the kingdom’s Crown Prince Mohammed bin Salman. The designation for nations with close strategic relationships with the US provides financing and priority access for purchases of certain military equipment, as well as the ability to participate in joint research efforts. Saudi Arabia will become the 20th ally designated under the status, joining other nations in the Middle East including Egypt, Israel, and Qatar. MBS, as Saudi Arabia’s de facto leader is known, was joined by prominent executives and celebrities including Elon Musk and soccer star Cristiano Ronaldo at the Tuesday evening event, with Apple CEO Tim Cook, Nvidia’s Jensen Huang, and FIFA President Gianni Infantino also in attendance.
3) Wall Street will get a sense of where the billions of dollars being spent on artificial intelligence are going when Nvidia reports its earnings after the bell on Wednesday. Analysts expect the chip behemoth to show more than 50% growth in both net income and revenue in its fiscal third quarter. The reason is fairly straightforward. Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Meta Platforms Inc. — which taken together represent more than 40% of Nvidia’s sales — are projected to increase their combined AI spending by 34% over the next 12 months to $440 billion, according to data compiled by Bloomberg. The risk is that these numbers could become unreliable if the big AI spenders, in particular closely held OpenAI, have to pull back on their commitments.
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2 (00:09):
Good morning.
Speaker 3 (00:10):
I'm Nathan Hager and I'm Karen Moscow. Here are the
stories we're following today, Karen.
Speaker 2 (00:15):
After resisting the issue for months, Congress has ultimately made
quick work of a bill to force the release of
the Jeffrey Epstein files. By a four hundred and twenty
seven to one vote, the House has passed the bill
to compel the Justice Department to make its documents public.
The Senate then agreed unanimously to approve the legislation without
changes once it arrives there, but Senate Minority Leader Chuck
(00:38):
Schumer says that won't be the end of it.
Speaker 4 (00:40):
We know there's a corrupt Justice Department. We know that
Bondi and Cash would tell do just what the President
asks and wants. And we Democrats are just had a
meeting of ten of my colleagues are going to do
everything we can to make sure all of it, all of.
Speaker 2 (00:54):
It comes to lighte Senate Minority Leader Chuck Schumer pushed
for the unanimous consent motion, but Bloomberg bal it's a power.
Host Joe Matthew reports the Justice Department could still push
back against this bill even if President Trump signs it knowing.
Speaker 5 (01:07):
That the President has compelled the Department of Justice to
investigate some Democrats, including Bill Clinton. In this case, the
DOJ could simply say, hey, we understand the vote, but
we can't release anything because this is an ongoing investigation,
a smokescreen as some have called it here, and there's
a question about whether or not this is how this ends,
and maybe that's why, in fact, the President decided at
(01:27):
the last.
Speaker 6 (01:28):
Minute to go for this.
Speaker 2 (01:29):
It was Bloomberg's Joe Matthew and Washington. President Trump has
said he will sign the bill, saying he has nothing
to hide and it's time to move on all Nathan.
Speaker 3 (01:37):
President Trump is also moving to deep in ties with
Saudi Arabia. Saudi Crown grants Mohammed ben Selman received a
King's welcome at a White House dinner last night. The
President used it to announce a new defense cooperation pack
that'll make Saudi Arabia a major non NATO ally, A.
Speaker 7 (01:57):
Stronger and more capable alliance will advance as the interests
of both countries, and it will serve the highest interest
of peace.
Speaker 3 (02:05):
And President Trump's announcement came on a day that saw
the US offer sales of F thirty five fighter jets,
advanced AI chips, and nuclear tech sharing to the Kingdom.
Former US Ambassador to Saudi Arabia Robert Jordan says, the
Crown Prince is not offering much in return.
Speaker 8 (02:21):
What did he have to give up virtually nothing, because
he still has in his pocket the promise or the
lure of normalizing relations with Israel. So it seems to
me that MBS has come out by farther winner here.
Speaker 3 (02:37):
And former US Ambassador Robert Jordan tells Bloomberg President Trump
is towteday trillion dollars in investment commitments from Saudi Arabia.
That's nearly the size of the kingdom's annual economy. One
other note from last night's White House dinner, Elon Musk
was on the guest list. The Tesla CEO and one
time Doge figurehead was back in the East Room after
his public falling out with President Trump over his tax
(03:00):
and spending cut bill.
Speaker 2 (03:02):
Strand of markets now, Karen futures are moving higher following
four straight days of losses on Wall Street. To sell
off in the world's largest technology companies has led the
way lower. Lisa Shalatte is chief investment officer at Morgan
Stanley Wealth Management.
Speaker 9 (03:16):
The earnings revision momentum, as we like to say, has slowed,
and I think that that's one of the things that
has catalyzed this profit taking moment is that people are saying,
wait a minute, perhaps you know some of the leaders
of this market, the hyperscalers, are in fact by dint
(03:36):
of their aggressive spending, by dint of them now assuming
some debt to finance that spending, maybe that earning's growth
rate is going to slow.
Speaker 2 (03:45):
That's Morgan Stanley Wealth Management's Lisa's Shalotte and Goldman Sachs
president John Waldron says markets are prime for possible further declines.
We caught up with Waldron at the Bloomberg New Economy
Forum in Singapore.
Speaker 10 (03:57):
I would say, you're seeing in the markets right now
all pull back, which I think is healthy. Markets have
run quite a bit this year US secuity markets, in particular,
markets heavily focused on this AI dynamic. You know, are
we going to get the returns on capital invested that
the market expects and is priced inn It's.
Speaker 6 (04:13):
A big debate.
Speaker 2 (04:14):
Goldman Sachs President John Waldron says in Vidia's earnings will
be key for markets.
Speaker 3 (04:20):
And Nathan that in Nvidia earnings report it comes out
this afternoon after the closing bill, analysts expect the AI
chip giant to show more than fifty percent growth in
both net income and revenue and its fiscal third quarter.
Michael Ball, as Bloomberg News macro strategist.
Speaker 11 (04:35):
We know what their customers are doing, we know what
the supply chain is doing. We've got the other chip
makers who are part of that ecosystem, so I think
they will match or be It's very sensitive to any misstep,
and so in Vidia basically has no room for error.
And you know the basically the market's pricing is six
seven percent move that day, which is higher than its
normal earning day move. So there's even greater sensitivity this turnaround.
Speaker 3 (04:57):
And Bloomberg's Michael Ball knows that in Vidia's shares of
more than twelve percent since hitting a peak four weeks ago.
Stay with Bloomberg with complete analysis of in videos after
the bell Earnie's report, and then at six thirty pm
Wall Street Time, we speak exclusively with Nvidia CEO Jensen
Wong here on Bloomberg Radio and Bloomberg Television. Bitcoin holding
(05:18):
above ninety thousand this morning. Right now it is training
at ninety one thousand, six hundred dollars. It's certainly been
a rough couple of weeks for cryptocurrency investors. Bitcoin is
down nearly thirty percent from its record high set back
in October. Yesterday, investors pulled more than half a billion
dollars from black Rocks I Shares Bitcoin Trust. That's the
(05:38):
largest single day outflow since the funds debut.
Speaker 2 (05:41):
Turning to the economy Now, Karen, President Trump says he
thinks he's identified his choice to be the next chair
of the Federal Reserve. The President spoke on the Oval
Office alongside Treasury Secretary Scott Bessant.
Speaker 8 (05:54):
I think I already know my choice.
Speaker 1 (05:56):
Well, I liked him, but he's not going to take
that very viewsed you like Treasury better?
Speaker 12 (06:02):
Right, much better, sir.
Speaker 8 (06:04):
So we are talking to various people.
Speaker 2 (06:06):
President Trump speaking there alongside Treasury Secretary Scott besson who
has narrowed the pool of contenders to current Fed Governors
Christopher Waller and Michelle Bawman, former Fed Governor Kevin Walsh,
White House National Economic Council Director Kevin Hassett and black Rocks,
Rick Reader.
Speaker 3 (06:22):
And in Europe Nathan UK inflation fell for the first
time in seven months. Consumer prices increased three points six
percent in October. That's down from three point eight percent
in September. The figures keep alive hopes of the UK
Central Bank delivering a pre Christmas cut at its next
meeting after skipping a move earlier this month. Time now
(06:44):
for a look at some of the other stories making
news in New York and around the world, and for
that we're joined by Blueberg's Michael Barr.
Speaker 6 (06:49):
Michael, good Morning, Good morning Karen. A panel of three
federal judges has blocked Texas from using a new congressional
map that Republicans drew in hopes of picking up five
US House seats. That map had touched off a nationwide
redistricting battle and is a major piece of President Donald
Trump's efforts to preserve a slim Republican majority ahead of
(07:10):
the twenty twenty six elections. In a two to one ruling,
the judges in l Passo sided with opponents who argued
that Texas's unusual summer redrawing of congressional districts would harm
black and Hispanic residents. Last night, Texas filed an appeal
with the US Supreme Court. Federal agents have expanded their
North Carolina immigration cracked down to the area around the
(07:33):
state capital of Raleigh. The crackdowns spread fear in at
least one immigrant heavy suburb, but restaurants closed and many
people stayed home. The North Carolina operation began over the
weekend in the state's largest city, Charlotte, where officials said
more than one hundred and thirty people have been arrested.
This laundromat owner criticized the operation.
Speaker 2 (07:54):
I think it's all just political theater.
Speaker 6 (07:56):
Really, they're just trying to instill fear in the community.
The mayor of Raleigh said she did not know how
long agents would be present. One man was killed and
two others injured in yesterday's collapse of a construction trench
in Yarmouth, Massachusetts. A huge rescue effort lasted for several hours,
but a man who was buried up to his waist
(08:16):
could not be saved. Yarmouth Fire and Rescue Department chief
Enrique arasco, it's.
Speaker 7 (08:22):
A very complicated rescue. We had a lot of collapse
with the trench that continued to happen as we tried
to remove him.
Speaker 6 (08:29):
Chief Erascoe says another construction worker who jumped into the
trench to save the trap man was able to get
out even as more walls collapsed in the Cape Cod
Sewer construction project. Global News twenty four hours a day
and whenever you want it with the Bloomberg News Now,
Michael Barr, this is Bloomberg Karen. Thanks Michael.
Speaker 3 (08:48):
Time now for our Bloomberg Sports Update, and for them
we bring in John Stashaur.
Speaker 7 (08:53):
Thanks garn Lebron James's record breaking twenty third NBA season underway.
He had been out with Sciattica in his season, played
thirty minutes, score to eleven points at twelve assist. The
Lakers beat Utah College Basketball in New York. Michigan State
beat Kentucky Duke down Kansas. The college football Playoff committee
now has Georgia as the fourth team and getting a buy.
(09:13):
Alabama dropped after its loss last Saturday, but as of
now the Crimson Tide still in the playoffs. That's the
Bloomberg Sports Update.
Speaker 3 (09:21):
Stay with us. More from Bloomberg Day Break coming up
after this.
Speaker 1 (09:29):
Coast to coast on Bloomberg Radio nationwide on Sirius XM
and around the world on Bloomberg dot Com and the
Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 6 (09:39):
Good morning.
Speaker 2 (09:40):
I'm Nathan Hager. Republican leaders and President Donald Trump had
resisted the issue for months. Now Congress is making quick
work of a bill to release more of the Justice
departments Jeffrey Epstein files, but Senate Minority Leader Chuck Schumer
says the president is still a wild card.
Speaker 4 (09:55):
There's no reason it can't be on the President's desk
in an hour. The president has to sign it. You
never know what's him said he would let's wait and see, and.
Speaker 2 (10:05):
Was Minority Leader Chuck Schumer after the Senate agreed to
pass the Epstein transparency bill without changes from the House.
Joining us now is Terry Haynes, founder of Pangaea Policy. Terry,
Good morning. President Trump has said he has nothing to hide.
It's time to move on. He says he'll sign this bill.
Will Washington move on from Jeffrey Epstein?
Speaker 12 (10:23):
Good morning, Hi, Good morning, Nathan. Well, there's always the
pull of bread and circuses, and that's very strong. So
I imagine the Epstein obsession will continue. And if I
say that with no effort at all to try to
sweep it under the rug. The man was a monster,
and there's been a bonfire of the vanities with the elites
(10:45):
for a long time here. But Washington's going to have
to get past this. What I suspect is that the
continuing wrangling around, first with courts about the information and
secondly about what and whether the Justice Apartment may do
with redacting names and trying to trying to protect the innocent.
(11:05):
There's a here complicates things and keeps the thing simmering.
Speaker 2 (11:10):
Well, how will the bill square with the Justice Department's
determination that it's going to investigate Jeffrey Epstein's links to
prominent democrats.
Speaker 12 (11:20):
Well, that's an additional complication too, And and we'll see,
you know, in the Justice Department could take a long
time tap dance. The Justice Department could bring up what
it's already got and and make that the basis for
whatever it does in the context or release. There's no
way to tell which it will do. I suspect what
(11:41):
I've got is probably a little bit of both, frankly,
but you know, you see in the you know kind
of things that Larry Summers, for example, said a few
days ago about his own involvement, that there's very likely
going to be more involvement across the board from people
(12:02):
either named or not named, and this is going to
splash in unpredictable ways.
Speaker 2 (12:07):
Now we should note, of course, Larrie Summers is no
longer a paid contributor to Bloomberg Television as well. I
want to get your take as well, Terry on the
announcements around Saudi Arabia with the Crown Prince Salmon in Washington,
this Defense Pact announced last night, the designation as a
non NATO ally. How significant is this?
Speaker 12 (12:29):
I think it's very significant, and I encourage markets to
look at it in the broader geopolitical context. Both over
the past few months and today. You know the US
moves that have been to try to help establish peace
in Gaza, a process which has been un ratified just
this week. You've had the Iran situation. You've had US
(12:50):
trying to shore up Argentina to reduce in part to
reduce Chinese dominance in South America. You've got Russia under
moreunder more pressure, and you've got six months of the
United States and China not being able to conclude an
agreement on among other things, rare earth, so very very significant.
(13:11):
In the middle of all that, what the United States
says this week is that Saudi is now a major
non NATO ally and is moving to Both countries are
moving to shore up the three pillars of security and defense,
energy in the economy, and geopolitical including diplomacy and hopefully
(13:32):
a peace process in Israel. China's response to all this
is not just to snimy the US and the West
on rare earths, but is also now to Barrett's teeth
at Japan, in addition to others in the South China Sea,
including the Philippines. So this is a situation where the
geopolitical risk remains very high, and in the middle of
(13:53):
all that, the United States keeps flanking China on geopolitical interdependent.
Speaker 3 (14:02):
This is Bloomberg Daybreak, your morning podcast on the stories
making news from Wall Street to Washington and beyond.
Speaker 2 (14:09):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
Speaker 3 (14:15):
You can also listen live each morning starting at five
am Wall Street time on Bloomberg eleven three to zero
in New York, Bloomberg ninety nine to one in Washington,
Bloomberg ninety two nine in Boston and nationwide on serious
XM Channel one twenty one.
Speaker 2 (14:29):
Plus listen coast to coast on the Bloomberg Business App
now with Apple CarPlay and Android auto interfaces.
Speaker 3 (14:35):
And don't forget to subscribe to Bloomberg News Now. It's
the latest news whenever you want it in five minutes
or less. Search Bloomberg News Now and your favorite podcast
platform to stay informed all day long.
Speaker 2 (14:47):
I'm Karen Moscow and I'm Nathan Hager. Join us again
tomorrow morning for all the news you need to start
your day right here on Bloomberg Day Bray
Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2 (00:09):
Good morning.
Speaker 3 (00:10):
I'm Nathan Hager and I'm Karen Moscow. Here are the
stories we're following today, Karen.
Speaker 2 (00:15):
After resisting the issue for months, Congress has ultimately made
quick work of a bill to force the release of
the Jeffrey Epstein files. By a four hundred and twenty
seven to one vote, the House has passed the bill
to compel the Justice Department to make its documents public.
The Senate then agreed unanimously to approve the legislation without
changes once it arrives there, but Senate Minority Leader Chuck
(00:38):
Schumer says that won't be the end of it.
Speaker 4 (00:40):
We know there's a corrupt Justice Department. We know that
Bondi and Cash would tell do just what the President
asks and wants. And we Democrats are just had a
meeting of ten of my colleagues are going to do
everything we can to make sure all of it, all of.
Speaker 2 (00:54):
It comes to lighte Senate Minority Leader Chuck Schumer pushed
for the unanimous consent motion, but Bloomberg bal it's a power.
Host Joe Matthew reports the Justice Department could still push
back against this bill even if President Trump signs it knowing.
Speaker 5 (01:07):
That the President has compelled the Department of Justice to
investigate some Democrats, including Bill Clinton. In this case, the
DOJ could simply say, hey, we understand the vote, but
we can't release anything because this is an ongoing investigation,
a smokescreen as some have called it here, and there's
a question about whether or not this is how this ends,
and maybe that's why, in fact, the President decided at
(01:27):
the last.
Speaker 6 (01:28):
Minute to go for this.
Speaker 2 (01:29):
It was Bloomberg's Joe Matthew and Washington. President Trump has
said he will sign the bill, saying he has nothing
to hide and it's time to move on all Nathan.
Speaker 3 (01:37):
President Trump is also moving to deep in ties with
Saudi Arabia. Saudi Crown grants Mohammed ben Selman received a
King's welcome at a White House dinner last night. The
President used it to announce a new defense cooperation pack
that'll make Saudi Arabia a major non NATO ally, A.
Speaker 7 (01:57):
Stronger and more capable alliance will advance as the interests
of both countries, and it will serve the highest interest
of peace.
Speaker 3 (02:05):
And President Trump's announcement came on a day that saw
the US offer sales of F thirty five fighter jets,
advanced AI chips, and nuclear tech sharing to the Kingdom.
Former US Ambassador to Saudi Arabia Robert Jordan says, the
Crown Prince is not offering much in return.
Speaker 8 (02:21):
What did he have to give up virtually nothing, because
he still has in his pocket the promise or the
lure of normalizing relations with Israel. So it seems to
me that MBS has come out by farther winner here.
Speaker 3 (02:37):
And former US Ambassador Robert Jordan tells Bloomberg President Trump
is towteday trillion dollars in investment commitments from Saudi Arabia.
That's nearly the size of the kingdom's annual economy. One
other note from last night's White House dinner, Elon Musk
was on the guest list. The Tesla CEO and one
time Doge figurehead was back in the East Room after
his public falling out with President Trump over his tax
(03:00):
and spending cut bill.
Speaker 2 (03:02):
Strand of markets now, Karen futures are moving higher following
four straight days of losses on Wall Street. To sell
off in the world's largest technology companies has led the
way lower. Lisa Shalatte is chief investment officer at Morgan
Stanley Wealth Management.
Speaker 9 (03:16):
The earnings revision momentum, as we like to say, has slowed,
and I think that that's one of the things that
has catalyzed this profit taking moment is that people are saying,
wait a minute, perhaps you know some of the leaders
of this market, the hyperscalers, are in fact by dint
(03:36):
of their aggressive spending, by dint of them now assuming
some debt to finance that spending, maybe that earning's growth
rate is going to slow.
Speaker 2 (03:45):
That's Morgan Stanley Wealth Management's Lisa's Shalotte and Goldman Sachs
president John Waldron says markets are prime for possible further declines.
We caught up with Waldron at the Bloomberg New Economy
Forum in Singapore.
Speaker 10 (03:57):
I would say, you're seeing in the markets right now
all pull back, which I think is healthy. Markets have
run quite a bit this year US secuity markets, in particular,
markets heavily focused on this AI dynamic. You know, are
we going to get the returns on capital invested that
the market expects and is priced inn It's.
Speaker 6 (04:13):
A big debate.
Speaker 2 (04:14):
Goldman Sachs President John Waldron says in Vidia's earnings will
be key for markets.
Speaker 3 (04:20):
And Nathan that in Nvidia earnings report it comes out
this afternoon after the closing bill, analysts expect the AI
chip giant to show more than fifty percent growth in
both net income and revenue and its fiscal third quarter.
Michael Ball, as Bloomberg News macro strategist.
Speaker 11 (04:35):
We know what their customers are doing, we know what
the supply chain is doing. We've got the other chip
makers who are part of that ecosystem, so I think
they will match or be It's very sensitive to any misstep,
and so in Vidia basically has no room for error.
And you know the basically the market's pricing is six
seven percent move that day, which is higher than its
normal earning day move. So there's even greater sensitivity this turnaround.
Speaker 3 (04:57):
And Bloomberg's Michael Ball knows that in Vidia's shares of
more than twelve percent since hitting a peak four weeks ago.
Stay with Bloomberg with complete analysis of in videos after
the bell Earnie's report, and then at six thirty pm
Wall Street Time, we speak exclusively with Nvidia CEO Jensen
Wong here on Bloomberg Radio and Bloomberg Television. Bitcoin holding
(05:18):
above ninety thousand this morning. Right now it is training
at ninety one thousand, six hundred dollars. It's certainly been
a rough couple of weeks for cryptocurrency investors. Bitcoin is
down nearly thirty percent from its record high set back
in October. Yesterday, investors pulled more than half a billion
dollars from black Rocks I Shares Bitcoin Trust. That's the
(05:38):
largest single day outflow since the funds debut.
Speaker 2 (05:41):
Turning to the economy Now, Karen, President Trump says he
thinks he's identified his choice to be the next chair
of the Federal Reserve. The President spoke on the Oval
Office alongside Treasury Secretary Scott Bessant.
Speaker 8 (05:54):
I think I already know my choice.
Speaker 1 (05:56):
Well, I liked him, but he's not going to take
that very viewsed you like Treasury better?
Speaker 12 (06:02):
Right, much better, sir.
Speaker 8 (06:04):
So we are talking to various people.
Speaker 2 (06:06):
President Trump speaking there alongside Treasury Secretary Scott besson who
has narrowed the pool of contenders to current Fed Governors
Christopher Waller and Michelle Bawman, former Fed Governor Kevin Walsh,
White House National Economic Council Director Kevin Hassett and black Rocks,
Rick Reader.
Speaker 3 (06:22):
And in Europe Nathan UK inflation fell for the first
time in seven months. Consumer prices increased three points six
percent in October. That's down from three point eight percent
in September. The figures keep alive hopes of the UK
Central Bank delivering a pre Christmas cut at its next
meeting after skipping a move earlier this month. Time now
(06:44):
for a look at some of the other stories making
news in New York and around the world, and for
that we're joined by Blueberg's Michael Barr.
Speaker 6 (06:49):
Michael, good Morning, Good morning Karen. A panel of three
federal judges has blocked Texas from using a new congressional
map that Republicans drew in hopes of picking up five
US House seats. That map had touched off a nationwide
redistricting battle and is a major piece of President Donald
Trump's efforts to preserve a slim Republican majority ahead of
(07:10):
the twenty twenty six elections. In a two to one ruling,
the judges in l Passo sided with opponents who argued
that Texas's unusual summer redrawing of congressional districts would harm
black and Hispanic residents. Last night, Texas filed an appeal
with the US Supreme Court. Federal agents have expanded their
North Carolina immigration cracked down to the area around the
(07:33):
state capital of Raleigh. The crackdowns spread fear in at
least one immigrant heavy suburb, but restaurants closed and many
people stayed home. The North Carolina operation began over the
weekend in the state's largest city, Charlotte, where officials said
more than one hundred and thirty people have been arrested.
This laundromat owner criticized the operation.
Speaker 2 (07:54):
I think it's all just political theater.
Speaker 6 (07:56):
Really, they're just trying to instill fear in the community.
The mayor of Raleigh said she did not know how
long agents would be present. One man was killed and
two others injured in yesterday's collapse of a construction trench
in Yarmouth, Massachusetts. A huge rescue effort lasted for several hours,
but a man who was buried up to his waist
(08:16):
could not be saved. Yarmouth Fire and Rescue Department chief
Enrique arasco, it's.
Speaker 7 (08:22):
A very complicated rescue. We had a lot of collapse
with the trench that continued to happen as we tried
to remove him.
Speaker 6 (08:29):
Chief Erascoe says another construction worker who jumped into the
trench to save the trap man was able to get
out even as more walls collapsed in the Cape Cod
Sewer construction project. Global News twenty four hours a day
and whenever you want it with the Bloomberg News Now,
Michael Barr, this is Bloomberg Karen. Thanks Michael.
Speaker 3 (08:48):
Time now for our Bloomberg Sports Update, and for them
we bring in John Stashaur.
Speaker 7 (08:53):
Thanks garn Lebron James's record breaking twenty third NBA season underway.
He had been out with Sciattica in his season, played
thirty minutes, score to eleven points at twelve assist. The
Lakers beat Utah College Basketball in New York. Michigan State
beat Kentucky Duke down Kansas. The college football Playoff committee
now has Georgia as the fourth team and getting a buy.
(09:13):
Alabama dropped after its loss last Saturday, but as of
now the Crimson Tide still in the playoffs. That's the
Bloomberg Sports Update.
Speaker 3 (09:21):
Stay with us. More from Bloomberg Day Break coming up
after this.
Speaker 1 (09:29):
Coast to coast on Bloomberg Radio nationwide on Sirius XM
and around the world on Bloomberg dot Com and the
Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 6 (09:39):
Good morning.
Speaker 2 (09:40):
I'm Nathan Hager. Republican leaders and President Donald Trump had
resisted the issue for months. Now Congress is making quick
work of a bill to release more of the Justice
departments Jeffrey Epstein files, but Senate Minority Leader Chuck Schumer
says the president is still a wild card.
Speaker 4 (09:55):
There's no reason it can't be on the President's desk
in an hour. The president has to sign it. You
never know what's him said he would let's wait and see, and.
Speaker 2 (10:05):
Was Minority Leader Chuck Schumer after the Senate agreed to
pass the Epstein transparency bill without changes from the House.
Joining us now is Terry Haynes, founder of Pangaea Policy. Terry,
Good morning. President Trump has said he has nothing to hide.
It's time to move on. He says he'll sign this bill.
Will Washington move on from Jeffrey Epstein?
Speaker 12 (10:23):
Good morning, Hi, Good morning, Nathan. Well, there's always the
pull of bread and circuses, and that's very strong. So
I imagine the Epstein obsession will continue. And if I
say that with no effort at all to try to
sweep it under the rug. The man was a monster,
and there's been a bonfire of the vanities with the elites
(10:45):
for a long time here. But Washington's going to have
to get past this. What I suspect is that the
continuing wrangling around, first with courts about the information and
secondly about what and whether the Justice Apartment may do
with redacting names and trying to trying to protect the innocent.
(11:05):
There's a here complicates things and keeps the thing simmering.
Speaker 2 (11:10):
Well, how will the bill square with the Justice Department's
determination that it's going to investigate Jeffrey Epstein's links to
prominent democrats.
Speaker 12 (11:20):
Well, that's an additional complication too, And and we'll see,
you know, in the Justice Department could take a long
time tap dance. The Justice Department could bring up what
it's already got and and make that the basis for
whatever it does in the context or release. There's no
way to tell which it will do. I suspect what
(11:41):
I've got is probably a little bit of both, frankly,
but you know, you see in the you know kind
of things that Larry Summers, for example, said a few
days ago about his own involvement, that there's very likely
going to be more involvement across the board from people
(12:02):
either named or not named, and this is going to
splash in unpredictable ways.
Speaker 2 (12:07):
Now we should note, of course, Larrie Summers is no
longer a paid contributor to Bloomberg Television as well. I
want to get your take as well, Terry on the
announcements around Saudi Arabia with the Crown Prince Salmon in Washington,
this Defense Pact announced last night, the designation as a
non NATO ally. How significant is this?
Speaker 12 (12:29):
I think it's very significant, and I encourage markets to
look at it in the broader geopolitical context. Both over
the past few months and today. You know the US
moves that have been to try to help establish peace
in Gaza, a process which has been un ratified just
this week. You've had the Iran situation. You've had US
(12:50):
trying to shore up Argentina to reduce in part to
reduce Chinese dominance in South America. You've got Russia under
moreunder more pressure, and you've got six months of the
United States and China not being able to conclude an
agreement on among other things, rare earth, so very very significant.
(13:11):
In the middle of all that, what the United States
says this week is that Saudi is now a major
non NATO ally and is moving to Both countries are
moving to shore up the three pillars of security and defense,
energy in the economy, and geopolitical including diplomacy and hopefully
(13:32):
a peace process in Israel. China's response to all this
is not just to snimy the US and the West
on rare earths, but is also now to Barrett's teeth
at Japan, in addition to others in the South China Sea,
including the Philippines. So this is a situation where the
geopolitical risk remains very high, and in the middle of
(13:53):
all that, the United States keeps flanking China on geopolitical interdependent.
Speaker 3 (14:02):
This is Bloomberg Daybreak, your morning podcast on the stories
making news from Wall Street to Washington and beyond.
Speaker 2 (14:09):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
Speaker 3 (14:15):
You can also listen live each morning starting at five
am Wall Street time on Bloomberg eleven three to zero
in New York, Bloomberg ninety nine to one in Washington,
Bloomberg ninety two nine in Boston and nationwide on serious
XM Channel one twenty one.
Speaker 2 (14:29):
Plus listen coast to coast on the Bloomberg Business App
now with Apple CarPlay and Android auto interfaces.
Speaker 3 (14:35):
And don't forget to subscribe to Bloomberg News Now. It's
the latest news whenever you want it in five minutes
or less. Search Bloomberg News Now and your favorite podcast
platform to stay informed all day long.
Speaker 2 (14:47):
I'm Karen Moscow and I'm Nathan Hager. Join us again
tomorrow morning for all the news you need to start
your day right here on Bloomberg Day Bray
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Are You A Charlotte?
In 1997, actress Kristin Davis’ life was forever changed when she took on the role of Charlotte York in Sex and the City. As we watched Carrie, Samantha, Miranda and Charlotte navigate relationships in NYC, the show helped push once unacceptable conversation topics out of the shadows and altered the narrative around women and sex. We all saw ourselves in them as they searched for fulfillment in life, sex and friendships. Now, Kristin Davis wants to connect with you, the fans, and share untold stories and all the behind the scenes. Together, with Kristin and special guests, what will begin with Sex and the City will evolve into talks about themes that are still so relevant today. "Are you a Charlotte?" is much more than just rewatching this beloved show, it brings the past and the present together as we talk with heart, humor and of course some optimism.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.