April 19, 2024 • 17 mins
On today's podcast:
1) U.S. officials say Israel Launched a Retaliatory Strike on Iran
2) Aid Packages for Israel, Ukraine, and Taiwan Get a Push on Capitol Hill
3) The Jury's Seated in the Criminal Case against Donald Trump
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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, I'm Nathan Hager.
Speaker 1 (00:11):
And I'm Karen Moscow. Here are the stories we're following today.
Speaker 3 (00:14):
Karon, we begin with tensions in the Middle East. US
officials say Israel has launched a retaliatory strike on Iran,
less than a week after Tehran's rocket and drone barrage.
Bloomberg News Middle East Breaking News editor Dana Krasch has
the latest on what we know so far.
Speaker 4 (00:30):
Reports trickled in in the early hours of the morning
of a blast over Isfahan, where we know there are
military sites and nuclear infrastructure, so the blasts are likely
the result of what Iranian media is saying is defense
systems activated to intercept what has now we know our drones.
(00:51):
We also had a report out that the nuclear site
there is completely safe, and that's of course reassuring, as
Iran and Israel are arch rivals, but they also have nuclear.
Speaker 3 (00:59):
Pro Bloomberg's Danikrace says Iranian state media are downplaying the attack.
Reuter's sites in Iranian officials saying there was no missile
strike and that Iran is not planning a response at
this time.
Speaker 1 (01:10):
Well, Nathan Markets remain on edge on these Middle East tensions.
City Group Global Chief Economist Nathan Sheet says investors tend
to overreact to events initially before settling down.
Speaker 5 (01:22):
I think at the moment, the market's telling us that
the balance of risks here looks to be reasonably favorable
and the response in the oil market has been contained,
And if that's the correct assessment, then I think the
broader implications of this are it doesn't escalate, and we're
(01:43):
able to continue on more or less in the status quo.
Speaker 1 (01:48):
City Group Global Chief Economist Nathan Sheets, speaking to us
earlier on Bloomberg and checking oil right now, NIMEC screwed
up sixtensive percent at eighty three dollars twenty one cents
a barrel, while Brent is at eighty seven thirty six cents.
Speaker 3 (02:01):
And caring these tensions could give even more of a
push to long stalled aid for Israel, Ukraine and Taiwan.
On Capitol Hill, Bloomberg's Ed Baxter reports that package is
on track for votes this weekend.
Speaker 6 (02:13):
House Speaker Mike Johnson says he expects to bring up
split Ukraine, Israel Taiwan aid bills tomorrow. The chair of
the House Intelligence Committee Mike Turner on Bloomberg's Balance of Power,
says he thinks it is essential to get aid going
to Ukraine this week.
Speaker 7 (02:27):
They running out of ammunition. Russia is certainly surging and
putting additional pressure on the front line, and also the
lack of US support is impacting morale even in Ukraine.
Speaker 6 (02:40):
House Minority Leader Hakim Jeffrey says Democrats are going to
do what's necessary to get this across the finish line.
The Senate looks to move next week. Ad Baxter, Bloomberg Radio.
Speaker 1 (02:50):
All right, ed, thanks now to the latest in a
criminal case against Donald Trump. The jury has been seated
in Manhattan and Bloomberg's doing Groscer reports from New.
Speaker 8 (02:59):
York jurors and one alternate juror have been sworn in
in Trump's hush money trial. The jury of manhattanites includes
a sales professional, a software engineer, a security engineer, a teacher,
a speech therapist, an investment banker, a retired wealth manager,
and several lawyers the trial. Judd says he hopes to
(03:19):
have jury selection wrapped up today and opening statements on Monday.
Speaker 6 (03:24):
In New York.
Speaker 8 (03:25):
June Grosso Boomberg Radio.
Speaker 9 (03:26):
Okay, June.
Speaker 3 (03:27):
Thank you. Now, we want to turn back to markets.
We're watching shares of Netflix this morning. They are down
more than six percent in early trading. Subscriber growth for
the streaming giant did surpass estimates, but the company says
those gains will be lower this period. Bloombergs Lucas Shaw
is in Los Angeles. He says optimism for Netflix's first
quarter had soared in recent days.
Speaker 10 (03:48):
Expectations for this company were really high. I mean, you
saw a lot of analysts publishing optimistic notes leading up
to it. The stock has been on a tear over
the last few months, and so I think there's almost
no way that it was going to live up to that.
You know, you see the results that it basically doubled
the subscriber estimates.
Speaker 11 (04:03):
That's pretty strong.
Speaker 10 (04:04):
So I'd say one is just expectations and the other
is maybe that there was some sensitivity around the forecast.
You know, the revenue forecast is actually pretty strong. It's
going to grow faster than it did in the first quarter,
but it's said its subscriber growth would tick down a
bit in the second quarter.
Speaker 3 (04:18):
Bloomberg's Lucas Shaw says Netflix will stop reporting paid quarterly
membership and revenue per subscribers starting with the first quarter
of twenty twenty five.
Speaker 11 (04:26):
Well, Nathan.
Speaker 1 (04:27):
The pushback continues from Fed officials on cutting rates too soon.
New York Fed President John Williams says economic data will
determine the timing. He was asked about the possibility of
raising rates.
Speaker 12 (04:38):
It's not my baseline, my expectation right now. It's you know,
interest rates are in a good place, and eventually at
some point would want to lower interest rates as the
economy really gets to the two percent inflation that we're
headed towards. If the data are telling us that we
would need higher interest rates to achieve our goals, then
we would we would obviously.
Speaker 9 (04:55):
Want to do that.
Speaker 1 (04:57):
New York Fed President John Williams comments, We're echoed by
other Fed officials. Atlanta FED President Raphael Bostak says he's
comfortable keeping rates. Study Minneapolis president Neil Kashkari told Fox
that Fed could keep rates where they are all year.
Speaker 3 (05:11):
Karen, let's turn back to some corporate news now. Paramount
Global could be getting a new buy outlook from Sony
and Apollo Global Management. We get more on that from
Bloomberg's Doug Prisner.
Speaker 13 (05:20):
We're told in the last week, the head of Sony
Pictures Entertainment, Tony Vince Aquera, held talks with Apollo about
teaming up on a bid. The New York Times says
the group would offer cash for shares in Paramount, taking
the company private through a joint venture. Now Sony and
Apollo have not submitted an official offer. Paramount is controlled
by Sherry Redstone through a family business called National Amusements,
(05:42):
and at present, Paramount is an exclusive merger talks with
Skydance Media and Independent. Members of Paramount's board are weighing
the sky Dance proposal. In New York, I'm Doug Prisoner,
Bloomberg Radio.
Speaker 3 (05:53):
All right, Doug, Thanks, and shares of Paramount Global are
hired by more than ten and a half percent in
early trading well.
Speaker 1 (05:59):
Apple has removed some social media services from its Chinese
app store Nathan, including Metas, WhatsApp and threads thous, in
response to orders from Beijing to close more loopholes in
the country's long standing Internet firewall. Apple has consistently complied
with one of the world's most rigid internet censorship regimes.
It says the Cyberspace Administration of China order the apps
(06:22):
removed over national security concerns. And it's time now 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 Bloomberg's John Tucker. John Good Morning, Good Morning, Karen.
Speaker 14 (06:35):
New York City police have removed a pro Palestinian protest
encampment at Columbia University, arresting more than one hundred demonstrators
in the process. Mayor Adams says the city was asked
in writing by university officials to remove the encampment.
Speaker 15 (06:49):
Klun University's students have a proud history of protests in
raising their voices. Students have a right to free speech,
but do not have a right to violate Universe city
policies and disrupt learning on campus.
Speaker 14 (07:03):
The students have been protesting since early Wednesday opposing Israeli
military action in Ganza. The Biden administration today finalizing a
plant to prevent oil development across more than half the
US government's Mammoth Petroleum Reserve in Alaska. The story from
Washington and Bloomberg Steve Hotisk.
Speaker 16 (07:20):
This move is among a string of actions by President
Biden to kurktailed development on federal lands and wall off
more than forty one million acres for conservation. It comes
as Biden seeks to gain support from young climate minded
voters after disappointing some last year by authorizing Conneco Phillips
massive Willow oil project. The administration is also moving to
(07:42):
block road construction essential to opening a copper mine in
the state. The moves have drawn condemnation from oil, gas
and mining interests, who said the Biden administration is locking
up resources essential for fueling America's energy needs today and
in the future. That includes, they say, critical minerals for
batteries and other technology in Washington. Steve Potisk Bloomberg.
Speaker 14 (08:04):
Radio Ukraine says at least to eight civilians were killed
more than twenty injured in a strike in the country
today after Russia launched another barrage, straining the country's dwindling
air defenses, and San Francisco is the latest US city
preparing to receive a pair of pandas from China in
a continuation of Beijing's famed panda diplomacy. San Francisco mayor
(08:25):
London Breed announcing the pandalona in Beijing this morning global
news twenty four hours a day, whenever you want it
with Bloomberg News Now. I'm John Tucker. This is Bloomberg,
Karen and Nathan.
Speaker 1 (08:35):
All right, John, thank you, and it's time now for
the Bloomberg Sports Update with Dan Schwartzman.
Speaker 17 (08:44):
Dan, good morning, Good morning, Karen and Nathan. The final
two NBA playing games are coming up tonight Chicago. He's
on the road of the Miami Heat tip off his
seven o'clock PM. Winner of that will face the Boston
Celtics in Game one on Sunday. Then later on it's
the Sacramento Kings at the New Orleans Pelicans. The winner
of that one will go as the eighth seed in
the Western Conference at faci Oklahmoma City Thunder also on Sunday.
(09:07):
The New York Knicks get underway on Saturday as they're
home for the Philadelphia seventy six Ers in game one
of their Round one matchup. Sixers head coach Nick Nurse
talking about the Knicks, I think.
Speaker 18 (09:17):
They're for real. I think they're really good. I think
they're they're fast. I think they can shoot. I think
they hit the glass. I think they guard you. I
think they've earned that seed. They've played really well and
beaten a lot of good teams, so we'll have our
work to do here in the next couple of days
to get ready for him.
Speaker 17 (09:34):
That's courtesy of CBS three in Philadelphia. Light schedule in
Major League Baseball last night, the Yankees were off the
Giants shutting out the Diamondbacks five nothing at home. It
was Red Sox losing a family Park to the Guardians
five to four. Coming up tonight, the Yankees open up
a weekend series in the Bronx as they host the
Tampa Bay Rays. That men's opening up the series on
the road in Los Angeles. Giants are home again for
(09:56):
the Diamondbacks. The Red Sox are on the road at
the Pirates. It's the National hosting the Houston Astros, while
it's the Baltimore Orioles. They are on the road at
the Kansas City Royals. The NHL Playoffs gets underway on Saturday,
as the Islanders open Round one on the road at Carolina.
It's the Boston Bruins their home for Toronto also on Saturday,
while the New York Rangers, the winners of the President's
(10:17):
Cup with the best record in the NHL, they open
up their series versus the Washington Capitals on Sunday at
Madison Square Garden. Rangers captain Jacob Truba assessing his team.
Speaker 19 (10:27):
Great lineup, great goaltenders front to back. I think we've
got a deep lineup and just continue to play our game,
and we've been good at bouncing back with adversity. There's
going to be at versity as any times we're momentum swings.
That's the playoffs.
Speaker 17 (10:39):
That's courtesy of Rangers dot Com. That's your Bloomberg Sports Update.
I'm Dan Schwarzman, Karen and Nathan.
Speaker 1 (10:45):
All Right, Dan, thank you. SMP futures down half percent
or twenty five points down, futures down four tenths of
percent or one hundred and fifty seven points. Nasdaq futures
down three quarters of a percent or one hundred and
thirty points. In the ten year Treasury yeled four point
five eight percent.
Speaker 9 (11:01):
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. Good morning. I'm
Nathan Hager.
Speaker 3 (11:14):
Middle East tensions are once again in the foreground with
US officials saying Israel has launched a retaliatory strike against Iran,
less than a week after Tehran's barrage of missiles and
drones into Israeli territory. For the very latest, we are
joined now by Bloomberg's Europe, Middle East, and Africa news
director Rosalind Matheson Roz, Good morning. Can you get us
(11:37):
up to speed on what we know at this point
about this reported strike?
Speaker 20 (11:42):
Well, as you were saying, what we know is that
US officials tell us that we did have this retaliatory
strike where Israel has launched missiles against Iran. Local media
reports say they were missiles that were five potentially from
Israeli planes. These were larger areas in Iran, in the
west and central of Iran. It's a town called a
city called Isfahan that's located in a ring of air bases,
(12:07):
military bases, but also some key nuclear facilities for Iran.
It seems like the nuclear facilities were not targeted, were
not hit, and are functioning as normal. But what may
have been targeted was an airbase in the region, and
that would obviously be about sending that message in responses
you say to Iran striking Israel about a week ago
(12:29):
for the first time from Iranian soil, and so we've
kind of entered this era of tip for tat retaliation
reprisals against each other. Both of these actions do seem, however,
to be somewhat calibrated. They didn't target civilian populations and
they have not targeted, in this case, Iranian's nuclear facilities.
So the question is is this enough to keep this
(12:50):
conflict from simmering over Do they both look at each
other and say this is not enough to set off
the regional conflict that markets and others have been fearing
might happen point rise.
Speaker 3 (13:00):
As you mentioned, Israeli media are saying this was a
missile strike. We're hearing reports from Iranian state media that
they're calling it a drone attack and that the explosions
over the third largest city in Iran, Isfahan, were caused
by Iran's air defenses. What does that say about how
this could potentially reduce tensions going forward.
Speaker 20 (13:22):
Well, it's interesting you say, Iran seems quite keen, and
there's a bit of heaterd rhetoric coming from Iran immediately,
as you can imagine, but also the sense that they
don't want to overplay this.
Speaker 11 (13:32):
There's certainly in a way downplaying it on their state media.
Speaker 20 (13:34):
On their broadcasting this morning, they're showing footage of Isfahan,
of their nuclear site, looking business very much as usual,
traffic moving along and so such, and they're saying there
was some drone action, but their air defenses were activated,
whereas Israeli media say this was actually a missile strike
from Israel.
Speaker 11 (13:54):
But it does point to that thing.
Speaker 20 (13:55):
As you say, even though we've got strong posturing from
Israel and Iran all of this, and we've got Iran's
proxies activated in the region and Israel is basically fighting
those proxies as well, that everyone knows if this does
bill into a full bare regional conflict that pulls in
potentially other actors, potentially the US.
Speaker 11 (14:15):
You know, real impact on things.
Speaker 20 (14:17):
Are all supplied globally that we're kind of moving into
unprecedented territory then, and even Iran knows that that would
be self defeating.
Speaker 3 (14:24):
And when we have Iran sort of downplaying this and
reports from some hawkish officials in Israel, like the National
Security Minister going on x and describing the attack as weak,
what does that say about how Israel could go forward
with this, Well, there is.
Speaker 11 (14:40):
That difficulty, and domestically in Israel.
Speaker 20 (14:43):
I mean the Israeli Prime Minister Bena, who basically made
a bet, he tied his fortunes to the far right
in Israel to stay in office, and now he's having
to deal with the implications of that. And even you know,
in his war Cabinet, in his ministry, he's got those
elements who are pushing him, pushing him to take further action,
but they're also saying, you need to keep your focus
(15:04):
on the main thing here for Israel, which for them
is still the conflict in Gaza, the conflict against Tamas
and Gaza, and also fending off Hasbalah from the north
in Lebanon.
Speaker 11 (15:14):
Europe. Being too many fronts here it becomes difficult.
Speaker 20 (15:17):
And some of those voices you know that we're hearing
this morning, saying that whatever Israel did was weak, that
needs to be more. They aren't actually in the war cabinet,
so they're not they're making the military decisions, but they
are pushing him from the sidelines. The question is, you've
also at the US and others urging restraints. So all
these competing factors going on for Benjamin Netnyahu.
Speaker 11 (15:37):
But again there seems to be a lot of messaging
this morning on is.
Speaker 20 (15:39):
Rerad ATV about the need to keep focused on Israel's
goals when it comes to its war in Gaza, and.
Speaker 3 (15:45):
Just thirty seconds left, where does this leave the war
in Gaza now?
Speaker 20 (15:51):
Well, Israel insists very much still its attention is to
mount that offensive inside Raphae in the south. That's where
we've got a lot of Palestinian civilians clustered, and it's
going to happen sooner.
Speaker 11 (16:01):
Rather than later.
Speaker 20 (16:02):
We'd obviously get telegraphed because Israel have to encourage people
and move them out of the way to do so.
But certainly there's no sense from Israel that they're being
deterred in that goal.
Speaker 11 (16:12):
So that's probably the next thing to look for.
Speaker 20 (16:13):
At some point, do we see that offensive beginning rougher
in the south New Egypt.
Speaker 2 (16:17):
This is Bloomberg Daybreak Today, your morning brief on the
stories making news from Wall Street to Washington and beyond.
Speaker 1 (16:24):
Look for us on your podcast feed at six am
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Speaker 2 (16:32):
You can also listen live each morning starting at five
Am Wall Street Time on Bloomberg eleven three to zero
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Speaker 1 (16:45):
Our flagship New York station is also available on your
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Speaker 2 (16:54):
Listen coast to coast on the Bloomberg Business app, Sirius XM,
the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan
Hager and I'm Karen Moscow.
Speaker 1 (17:03):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Daybreak
Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2 (00:09):
Good morning, I'm Nathan Hager.
Speaker 1 (00:11):
And I'm Karen Moscow. Here are the stories we're following today.
Speaker 3 (00:14):
Karon, we begin with tensions in the Middle East. US
officials say Israel has launched a retaliatory strike on Iran,
less than a week after Tehran's rocket and drone barrage.
Bloomberg News Middle East Breaking News editor Dana Krasch has
the latest on what we know so far.
Speaker 4 (00:30):
Reports trickled in in the early hours of the morning
of a blast over Isfahan, where we know there are
military sites and nuclear infrastructure, so the blasts are likely
the result of what Iranian media is saying is defense
systems activated to intercept what has now we know our drones.
(00:51):
We also had a report out that the nuclear site
there is completely safe, and that's of course reassuring, as
Iran and Israel are arch rivals, but they also have nuclear.
Speaker 3 (00:59):
Pro Bloomberg's Danikrace says Iranian state media are downplaying the attack.
Reuter's sites in Iranian officials saying there was no missile
strike and that Iran is not planning a response at
this time.
Speaker 1 (01:10):
Well, Nathan Markets remain on edge on these Middle East tensions.
City Group Global Chief Economist Nathan Sheet says investors tend
to overreact to events initially before settling down.
Speaker 5 (01:22):
I think at the moment, the market's telling us that
the balance of risks here looks to be reasonably favorable
and the response in the oil market has been contained,
And if that's the correct assessment, then I think the
broader implications of this are it doesn't escalate, and we're
(01:43):
able to continue on more or less in the status quo.
Speaker 1 (01:48):
City Group Global Chief Economist Nathan Sheets, speaking to us
earlier on Bloomberg and checking oil right now, NIMEC screwed
up sixtensive percent at eighty three dollars twenty one cents
a barrel, while Brent is at eighty seven thirty six cents.
Speaker 3 (02:01):
And caring these tensions could give even more of a
push to long stalled aid for Israel, Ukraine and Taiwan.
On Capitol Hill, Bloomberg's Ed Baxter reports that package is
on track for votes this weekend.
Speaker 6 (02:13):
House Speaker Mike Johnson says he expects to bring up
split Ukraine, Israel Taiwan aid bills tomorrow. The chair of
the House Intelligence Committee Mike Turner on Bloomberg's Balance of Power,
says he thinks it is essential to get aid going
to Ukraine this week.
Speaker 7 (02:27):
They running out of ammunition. Russia is certainly surging and
putting additional pressure on the front line, and also the
lack of US support is impacting morale even in Ukraine.
Speaker 6 (02:40):
House Minority Leader Hakim Jeffrey says Democrats are going to
do what's necessary to get this across the finish line.
The Senate looks to move next week. Ad Baxter, Bloomberg Radio.
Speaker 1 (02:50):
All right, ed, thanks now to the latest in a
criminal case against Donald Trump. The jury has been seated
in Manhattan and Bloomberg's doing Groscer reports from New.
Speaker 8 (02:59):
York jurors and one alternate juror have been sworn in
in Trump's hush money trial. The jury of manhattanites includes
a sales professional, a software engineer, a security engineer, a teacher,
a speech therapist, an investment banker, a retired wealth manager,
and several lawyers the trial. Judd says he hopes to
(03:19):
have jury selection wrapped up today and opening statements on Monday.
Speaker 6 (03:24):
In New York.
Speaker 8 (03:25):
June Grosso Boomberg Radio.
Speaker 9 (03:26):
Okay, June.
Speaker 3 (03:27):
Thank you. Now, we want to turn back to markets.
We're watching shares of Netflix this morning. They are down
more than six percent in early trading. Subscriber growth for
the streaming giant did surpass estimates, but the company says
those gains will be lower this period. Bloombergs Lucas Shaw
is in Los Angeles. He says optimism for Netflix's first
quarter had soared in recent days.
Speaker 10 (03:48):
Expectations for this company were really high. I mean, you
saw a lot of analysts publishing optimistic notes leading up
to it. The stock has been on a tear over
the last few months, and so I think there's almost
no way that it was going to live up to that.
You know, you see the results that it basically doubled
the subscriber estimates.
Speaker 11 (04:03):
That's pretty strong.
Speaker 10 (04:04):
So I'd say one is just expectations and the other
is maybe that there was some sensitivity around the forecast.
You know, the revenue forecast is actually pretty strong. It's
going to grow faster than it did in the first quarter,
but it's said its subscriber growth would tick down a
bit in the second quarter.
Speaker 3 (04:18):
Bloomberg's Lucas Shaw says Netflix will stop reporting paid quarterly
membership and revenue per subscribers starting with the first quarter
of twenty twenty five.
Speaker 11 (04:26):
Well, Nathan.
Speaker 1 (04:27):
The pushback continues from Fed officials on cutting rates too soon.
New York Fed President John Williams says economic data will
determine the timing. He was asked about the possibility of
raising rates.
Speaker 12 (04:38):
It's not my baseline, my expectation right now. It's you know,
interest rates are in a good place, and eventually at
some point would want to lower interest rates as the
economy really gets to the two percent inflation that we're
headed towards. If the data are telling us that we
would need higher interest rates to achieve our goals, then
we would we would obviously.
Speaker 9 (04:55):
Want to do that.
Speaker 1 (04:57):
New York Fed President John Williams comments, We're echoed by
other Fed officials. Atlanta FED President Raphael Bostak says he's
comfortable keeping rates. Study Minneapolis president Neil Kashkari told Fox
that Fed could keep rates where they are all year.
Speaker 3 (05:11):
Karen, let's turn back to some corporate news now. Paramount
Global could be getting a new buy outlook from Sony
and Apollo Global Management. We get more on that from
Bloomberg's Doug Prisner.
Speaker 13 (05:20):
We're told in the last week, the head of Sony
Pictures Entertainment, Tony Vince Aquera, held talks with Apollo about
teaming up on a bid. The New York Times says
the group would offer cash for shares in Paramount, taking
the company private through a joint venture. Now Sony and
Apollo have not submitted an official offer. Paramount is controlled
by Sherry Redstone through a family business called National Amusements,
(05:42):
and at present, Paramount is an exclusive merger talks with
Skydance Media and Independent. Members of Paramount's board are weighing
the sky Dance proposal. In New York, I'm Doug Prisoner,
Bloomberg Radio.
Speaker 3 (05:53):
All right, Doug, Thanks, and shares of Paramount Global are
hired by more than ten and a half percent in
early trading well.
Speaker 1 (05:59):
Apple has removed some social media services from its Chinese
app store Nathan, including Metas, WhatsApp and threads thous, in
response to orders from Beijing to close more loopholes in
the country's long standing Internet firewall. Apple has consistently complied
with one of the world's most rigid internet censorship regimes.
It says the Cyberspace Administration of China order the apps
(06:22):
removed over national security concerns. And it's time now 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 Bloomberg's John Tucker. John Good Morning, Good Morning, Karen.
Speaker 14 (06:35):
New York City police have removed a pro Palestinian protest
encampment at Columbia University, arresting more than one hundred demonstrators
in the process. Mayor Adams says the city was asked
in writing by university officials to remove the encampment.
Speaker 15 (06:49):
Klun University's students have a proud history of protests in
raising their voices. Students have a right to free speech,
but do not have a right to violate Universe city
policies and disrupt learning on campus.
Speaker 14 (07:03):
The students have been protesting since early Wednesday opposing Israeli
military action in Ganza. The Biden administration today finalizing a
plant to prevent oil development across more than half the
US government's Mammoth Petroleum Reserve in Alaska. The story from
Washington and Bloomberg Steve Hotisk.
Speaker 16 (07:20):
This move is among a string of actions by President
Biden to kurktailed development on federal lands and wall off
more than forty one million acres for conservation. It comes
as Biden seeks to gain support from young climate minded
voters after disappointing some last year by authorizing Conneco Phillips
massive Willow oil project. The administration is also moving to
(07:42):
block road construction essential to opening a copper mine in
the state. The moves have drawn condemnation from oil, gas
and mining interests, who said the Biden administration is locking
up resources essential for fueling America's energy needs today and
in the future. That includes, they say, critical minerals for
batteries and other technology in Washington. Steve Potisk Bloomberg.
Speaker 14 (08:04):
Radio Ukraine says at least to eight civilians were killed
more than twenty injured in a strike in the country
today after Russia launched another barrage, straining the country's dwindling
air defenses, and San Francisco is the latest US city
preparing to receive a pair of pandas from China in
a continuation of Beijing's famed panda diplomacy. San Francisco mayor
(08:25):
London Breed announcing the pandalona in Beijing this morning global
news twenty four hours a day, whenever you want it
with Bloomberg News Now. I'm John Tucker. This is Bloomberg,
Karen and Nathan.
Speaker 1 (08:35):
All right, John, thank you, and it's time now for
the Bloomberg Sports Update with Dan Schwartzman.
Speaker 17 (08:44):
Dan, good morning, Good morning, Karen and Nathan. The final
two NBA playing games are coming up tonight Chicago. He's
on the road of the Miami Heat tip off his
seven o'clock PM. Winner of that will face the Boston
Celtics in Game one on Sunday. Then later on it's
the Sacramento Kings at the New Orleans Pelicans. The winner
of that one will go as the eighth seed in
the Western Conference at faci Oklahmoma City Thunder also on Sunday.
(09:07):
The New York Knicks get underway on Saturday as they're
home for the Philadelphia seventy six Ers in game one
of their Round one matchup. Sixers head coach Nick Nurse
talking about the Knicks, I think.
Speaker 18 (09:17):
They're for real. I think they're really good. I think
they're they're fast. I think they can shoot. I think
they hit the glass. I think they guard you. I
think they've earned that seed. They've played really well and
beaten a lot of good teams, so we'll have our
work to do here in the next couple of days
to get ready for him.
Speaker 17 (09:34):
That's courtesy of CBS three in Philadelphia. Light schedule in
Major League Baseball last night, the Yankees were off the
Giants shutting out the Diamondbacks five nothing at home. It
was Red Sox losing a family Park to the Guardians
five to four. Coming up tonight, the Yankees open up
a weekend series in the Bronx as they host the
Tampa Bay Rays. That men's opening up the series on
the road in Los Angeles. Giants are home again for
(09:56):
the Diamondbacks. The Red Sox are on the road at
the Pirates. It's the National hosting the Houston Astros, while
it's the Baltimore Orioles. They are on the road at
the Kansas City Royals. The NHL Playoffs gets underway on Saturday,
as the Islanders open Round one on the road at Carolina.
It's the Boston Bruins their home for Toronto also on Saturday,
while the New York Rangers, the winners of the President's
(10:17):
Cup with the best record in the NHL, they open
up their series versus the Washington Capitals on Sunday at
Madison Square Garden. Rangers captain Jacob Truba assessing his team.
Speaker 19 (10:27):
Great lineup, great goaltenders front to back. I think we've
got a deep lineup and just continue to play our game,
and we've been good at bouncing back with adversity. There's
going to be at versity as any times we're momentum swings.
That's the playoffs.
Speaker 17 (10:39):
That's courtesy of Rangers dot Com. That's your Bloomberg Sports Update.
I'm Dan Schwarzman, Karen and Nathan.
Speaker 1 (10:45):
All Right, Dan, thank you. SMP futures down half percent
or twenty five points down, futures down four tenths of
percent or one hundred and fifty seven points. Nasdaq futures
down three quarters of a percent or one hundred and
thirty points. In the ten year Treasury yeled four point
five eight percent.
Speaker 9 (11:01):
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. Good morning. I'm
Nathan Hager.
Speaker 3 (11:14):
Middle East tensions are once again in the foreground with
US officials saying Israel has launched a retaliatory strike against Iran,
less than a week after Tehran's barrage of missiles and
drones into Israeli territory. For the very latest, we are
joined now by Bloomberg's Europe, Middle East, and Africa news
director Rosalind Matheson Roz, Good morning. Can you get us
(11:37):
up to speed on what we know at this point
about this reported strike?
Speaker 20 (11:42):
Well, as you were saying, what we know is that
US officials tell us that we did have this retaliatory
strike where Israel has launched missiles against Iran. Local media
reports say they were missiles that were five potentially from
Israeli planes. These were larger areas in Iran, in the
west and central of Iran. It's a town called a
city called Isfahan that's located in a ring of air bases,
(12:07):
military bases, but also some key nuclear facilities for Iran.
It seems like the nuclear facilities were not targeted, were
not hit, and are functioning as normal. But what may
have been targeted was an airbase in the region, and
that would obviously be about sending that message in responses
you say to Iran striking Israel about a week ago
(12:29):
for the first time from Iranian soil, and so we've
kind of entered this era of tip for tat retaliation
reprisals against each other. Both of these actions do seem, however,
to be somewhat calibrated. They didn't target civilian populations and
they have not targeted, in this case, Iranian's nuclear facilities.
So the question is is this enough to keep this
(12:50):
conflict from simmering over Do they both look at each
other and say this is not enough to set off
the regional conflict that markets and others have been fearing
might happen point rise.
Speaker 3 (13:00):
As you mentioned, Israeli media are saying this was a
missile strike. We're hearing reports from Iranian state media that
they're calling it a drone attack and that the explosions
over the third largest city in Iran, Isfahan, were caused
by Iran's air defenses. What does that say about how
this could potentially reduce tensions going forward.
Speaker 20 (13:22):
Well, it's interesting you say, Iran seems quite keen, and
there's a bit of heaterd rhetoric coming from Iran immediately,
as you can imagine, but also the sense that they
don't want to overplay this.
Speaker 11 (13:32):
There's certainly in a way downplaying it on their state media.
Speaker 20 (13:34):
On their broadcasting this morning, they're showing footage of Isfahan,
of their nuclear site, looking business very much as usual,
traffic moving along and so such, and they're saying there
was some drone action, but their air defenses were activated,
whereas Israeli media say this was actually a missile strike
from Israel.
Speaker 11 (13:54):
But it does point to that thing.
Speaker 20 (13:55):
As you say, even though we've got strong posturing from
Israel and Iran all of this, and we've got Iran's
proxies activated in the region and Israel is basically fighting
those proxies as well, that everyone knows if this does
bill into a full bare regional conflict that pulls in
potentially other actors, potentially the US.
Speaker 11 (14:15):
You know, real impact on things.
Speaker 20 (14:17):
Are all supplied globally that we're kind of moving into
unprecedented territory then, and even Iran knows that that would
be self defeating.
Speaker 3 (14:24):
And when we have Iran sort of downplaying this and
reports from some hawkish officials in Israel, like the National
Security Minister going on x and describing the attack as weak,
what does that say about how Israel could go forward
with this, Well, there is.
Speaker 11 (14:40):
That difficulty, and domestically in Israel.
Speaker 20 (14:43):
I mean the Israeli Prime Minister Bena, who basically made
a bet, he tied his fortunes to the far right
in Israel to stay in office, and now he's having
to deal with the implications of that. And even you know,
in his war Cabinet, in his ministry, he's got those
elements who are pushing him, pushing him to take further action,
but they're also saying, you need to keep your focus
(15:04):
on the main thing here for Israel, which for them
is still the conflict in Gaza, the conflict against Tamas
and Gaza, and also fending off Hasbalah from the north
in Lebanon.
Speaker 11 (15:14):
Europe. Being too many fronts here it becomes difficult.
Speaker 20 (15:17):
And some of those voices you know that we're hearing
this morning, saying that whatever Israel did was weak, that
needs to be more. They aren't actually in the war cabinet,
so they're not they're making the military decisions, but they
are pushing him from the sidelines. The question is, you've
also at the US and others urging restraints. So all
these competing factors going on for Benjamin Netnyahu.
Speaker 11 (15:37):
But again there seems to be a lot of messaging
this morning on is.
Speaker 20 (15:39):
Rerad ATV about the need to keep focused on Israel's
goals when it comes to its war in Gaza, and.
Speaker 3 (15:45):
Just thirty seconds left, where does this leave the war
in Gaza now?
Speaker 20 (15:51):
Well, Israel insists very much still its attention is to
mount that offensive inside Raphae in the south. That's where
we've got a lot of Palestinian civilians clustered, and it's
going to happen sooner.
Speaker 11 (16:01):
Rather than later.
Speaker 20 (16:02):
We'd obviously get telegraphed because Israel have to encourage people
and move them out of the way to do so.
But certainly there's no sense from Israel that they're being
deterred in that goal.
Speaker 11 (16:12):
So that's probably the next thing to look for.
Speaker 20 (16:13):
At some point, do we see that offensive beginning rougher
in the south New Egypt.
Speaker 2 (16:17):
This is Bloomberg Daybreak Today, your morning brief on the
stories making news from Wall Street to Washington and beyond.
Speaker 1 (16:24):
Look for us on your podcast feed at six am
Eastern each morning on Apple, Spotify, and anywhere else you
get your podcasts.
Speaker 2 (16:32):
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 one oh six to one in Boston, and Bloomberg
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Speaker 1 (16:45):
Our flagship New York station is also available on your
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Speaker 2 (16:54):
Listen coast to coast on the Bloomberg Business app, Sirius XM,
the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan
Hager and I'm Karen Moscow.
Speaker 1 (17:03):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Daybreak
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