April 16, 2024 • 17 mins
On today's podcast:
1) Israel Vows Response to Iran as US and Allies Urge Restraint
2) Trump Trial Off to Slow Start With Ex-President Appearing Bored
3) Fed’s Daly Says No Urgency to Cut, Policy in a Good Place
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Episode Transcript
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Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio news.
Speaker 2 (00:11):
Good morning.
Speaker 1 (00:11):
I'm Nathan Hager and I'm Karen Moscow. Here are the
stories we're following today, Karen.
Speaker 3 (00:16):
Middle East tensions maybe ramping back up. Israeli military officials
are saying they have no choice but to respond to
Iran's drone and missile attack over the weekend, but the
US and European allies are urging Israel to avoid the
kind of tit for tat that could spark a wider
war here. State Department spokesman Matthew Miller.
Speaker 4 (00:35):
Israel is a sovereign country. They have to make their
own decisions about how best to defend themselves. What we
always try to do is provide our best advice as
a longtime friend of Israel and a longtime ally and
partner of Israel. And that's what we've done since October seventh,
across a broad range of fronts. It's what we have
done over the weekend.
Speaker 3 (00:52):
Matthew Miller at the State Department says the Biden administration
has put more than five hundred sanctions on Iranian entities
to hold Tehran accountable.
Speaker 1 (01:00):
But for Israel, Nathan, the question isn't if the country response.
But how more on that From Bloomberg's Rosalind Madison.
Speaker 5 (01:07):
There's a wide range of possibilities here. From a direct attack,
as you say, from Israel on Iran, that would not
be unprecedented, but that's one option for them, targeting military sites,
perhaps even nuclear.
Speaker 6 (01:19):
Sites in Iran.
Speaker 5 (01:21):
Of course, there's a lot of concern about Iran's nuclear program,
or does it go for something instead, like going for
one of Iran's proxies in the region. We're talking about
the Huthis in Yemen, We're talking about Hamas in Gaza,
Hezblah in Lebanon. Do they go through one of those
proxies to retaliate.
Speaker 1 (01:37):
Bloomberg's Rauslin Madison reports are timing of an Israeli response
also is not clear. Iran's deputy Foreign Minister is warning
any Israeli counterattack would be met with a more severe,
faster and immediate blow. He says it would take seconds
for his country to launch another strike.
Speaker 3 (01:54):
Well, Karen, the turmoil in the Middle East has added
new urgency to passing Foreign aid in the House after
months of inaction. Bloomberg's Ed Baxter reports votes could come
this week.
Speaker 7 (02:04):
Speaker Mike Johnson is planning separate votes this week on
new aid to both Israel and Ukraine. This in an
attempt to assemble fragile coalitions to speed weaponry to both places.
Speaker 8 (02:16):
We have a terrorist in tyrants and terrible leaders around
the world like Putin and g and in Iran, and
they're watching to see if America will stand up for
its allies in our own interest around the globe, and
we will.
Speaker 7 (02:29):
Now, his party majority is very slim, and he may
need Democrat support, and he very well may get it.
The mpasse over eight has been dragging on since October.
At Baxter Bloomberg.
Speaker 1 (02:39):
Radio, all right, ed, thank you now to the historic
criminal case involving former President Donald Trump. Jury selection continues today.
Bloomberg Law host June Garasso has the latest from New York.
Speaker 9 (02:50):
Trump's criminal trial got off to a slow start. The
jury selection process began hours late because of a slew
of motions. The trial judge had to handle first, and
then more than half of the first pool of ninety
six perspective jurors was dismissed after saying they couldn't be
fair and impartial. Court adjourned for the day with zero
(03:11):
jurors chosen, and the judge saying we're way behind schedule.
Jury selection resumes this morning, June Grosso, Bloomberg Radio, All right, June.
Speaker 7 (03:20):
Thank you.
Speaker 3 (03:21):
While Trump deals with those legal issues, President Biden's hitting
the campaign trail in his childhood home state of Pennsylvania.
The Biden campaign says the trip aims to highlight the
differences between the president's tax and economic agenda and the
policies of Trump, who oversaw tax cuts for the wealthy
and corporations. Biden's three day trip includes a visit to
Scranton and events in the Pittsburgh area, where Nippon Steele's
(03:43):
deal to buy United States Steel has rankled union allies.
The president will close out the trip Thursday in Philadelphia.
Speaker 10 (03:51):
Well.
Speaker 1 (03:52):
Turning to Wall Street Now Nathan. First quarter earnings for
the nation's biggest banks wrap up later this morning with
Bank of America and Morgan Stanley. Bloomberg's Jeff Ellinger has
a look at what to expect for.
Speaker 11 (04:02):
Bank of America. A key number to watch net interest income,
which alone is forecast to be about fourteen billion dollars,
about two percent lower than a year ago. Consensus calls
for total revenue of twenty five point forty three billion
and adjusted earnings per share of seventy seven cents. As
for Morgan Stanley, a jump in investment banking activity may
(04:24):
help offset and expected pullback in earnings for the ninth
quarter in a row, although the pace of declines likely slowed.
Consensus calls for revenue of fourteen point forty six billion
and adjusted earnings per share of a dollar sixty six.
Jeff Bellinger, Bloomberg Radio, Jeff.
Speaker 3 (04:42):
Thank you well after another strong reading on retail sales.
Another FED official says there's no rush to cut interest
rates here. San Francisco FED President Mary Daily added event
at the Stanford Institute for Economic Policy Research, the.
Speaker 12 (04:56):
Worst thing we can do right now is act urgently
when urgent isn't necessary. You know, the policy is in
a good place. We're in the ready position. We can
respond as the economy evolved. The labor market's not and
giving us any indication is faltering, and inflation is still
above our target, and we need to be confident it
is on path to come down to our target before
(05:16):
we would feel the need and I would feel the
need to react.
Speaker 3 (05:20):
San Francisco FED chief Mary Daily votes on monetary policy
this year well.
Speaker 1 (05:25):
In Europe, Nathan Britain's unemployment rate rose unexpectedly to a
six month high. We get more from a UK economic
correspondent Lizzie Burden.
Speaker 13 (05:34):
Unemployment was expected to tick up, Actually it went from
three point nine percent to four point two percent rather
than just four percent. But on the other hand, you
had average weekly earnings expected to tick down from six
point one percent to five point eight percent. Actually they
only went to six percent, so hotter than I expected.
So it's mixed signals here. From the labor market.
Speaker 1 (05:56):
Data, Bloomberg's Lizzie Burden says the labor numbers come ahead
of tomorrow's March reading on consumer prices.
Speaker 3 (06:02):
We got some new economic data out of Asia Karen
China's economic growth beat expectations in the first quarter as
factory output led the expansion. Bloomberg Daybreak Asia anchor Brian
Curtis has more from Hong Kong.
Speaker 14 (06:15):
GDP rows five point three percent year on year. That's
higher than the estimate of four point eight percent. In March,
industrial production was up four and a half percent from
a year earlier, versus a forecast of six percent. Retail
sales rose three point one percent, missing an estimate of
four point eight percent. China's recovery has been out of balance.
(06:36):
Manufacturing holding up, but the property crisis is denting both
household and business confidence in Hong Kong. Brian Curtis, Bloomberg Radio.
Speaker 1 (06:44):
All right, Brian, thank you, and it's time now for
a look at some of the other stories making news
in New York and around the world.
Speaker 15 (06:53):
And for that we're joined by A Bloomberg's John Tucker. John,
Good Morning, Good Morning, Karen. New York finally has a budget.
Deal exceeds two hundred and thirty three billion dollars, and
sources to say it includes the most sweeping change in
housing policy in years. Details in this report from Bloomberg's
Charlie Peenllett.
Speaker 2 (07:10):
Those sources say the tentative spending plan includes a tax
break for affordable housing construction, alongside new restrictions on evictions
and rent increases for market rate renters. Details of the budget,
which was originally due to April first, our subject to
change before final approval. Soaring rents and upcoming elections are
(07:30):
key factors driving state lawmakers to forge an agreement with
Democratic Governor Kathy Hogel, A year after she failed to
advance a proposal aimed at building eight hundred thousand new
homes over a decade. In New York, Charlie Pellett Bloomberg.
Speaker 16 (07:46):
Radio House, Republicans who will want the articles of impeachment
against Homeland Security Secretary Allejudro Maiorchis over to the Senate
today It kicks off at trial in that chamber. Republicans
accused my Orchis of mishandling the crisis at the southern border.
Vice President Harris returning to the campaign trailed to underscore
the stakes of the election. The Vice President, speaking in
(08:07):
Las Vegas a week after the Arizona Supreme Court upheld
an abortion ban from eighteen sixty four.
Speaker 10 (08:14):
What we are seeing in these states that we were
talking about are Trump abortion bans, and he can't get
away from that.
Speaker 16 (08:22):
In the wink of the Arizona Supreme Court decision, now
California is bracing for an influx of women seeking abortion.
The Supreme Court will weigh the legality of charges brought
against hundreds of people in connection with the attack of
the US capital. The question for the justices is whether
law passed as part of the Sarbanes Oxley Financial reforms
can be read to cover the January sixth riot. Hundreds
(08:44):
of people, including Donald Trump, have been charge with obstructing
and official proceeding. Global news twenty four hours a day
and whenever you want it with Bloomberg News Now. I'm
John Tucker. This he is Bloomberg, Nathan and Karen.
Speaker 1 (08:56):
Sorry, John, thank you, and it's time now for the
Bloomberg Sports Update with John stas Shower.
Speaker 17 (09:05):
John, Good morning, Good morning, Caaren. A terrific regular season
for the Rangers. Right from the start. They won eighteen
of their first twenty three games. It ended at the
Guard with a four to nothing shut out of Ottawa,
and the Rangers finished with a club record one one
hundred and fourteen points. That's the most in the NHL.
Their first round opponent could still be one of four
different teams Washington and Detroit at eighty nine points, Pittsburgh
(09:26):
has eighty eight, Philadelphia eighty seven. With one game left,
Islanders are in the playoffs fifth time in the last
six years. They finished seven and one down the stretch,
beat the Devils four to one. The Islanders will face
Carolina in Round one. Bruins failed to clinch their division
lost to nothing in Washington. The Mats, who began the
season ze five and now eight and eight to come
from behind sixty three win over the Pirates at City Field.
The Mets allowed only three hits. Yankees had only four,
(09:49):
so did the Blue Jays, but Toronto won three to one.
Chris Bassett beat Louis Heal, the Yanks first two game
losing streak of the season. The Big Yankee news the
retirement effective immediately of John's early in the radio Voice
of the Ink the last thirty six years. He's eighty five,
says he's tired. He'll be honored at the stadium on Saturday.
In Brooklyn, they held the WNBA Draft. Has there ever
(10:09):
been any draft with less suspense over who the first
pick will be? Caitlyn Clark headed to the Indiana Fever.
Speaker 18 (10:16):
All this has come with just the person that I've
i am and the player that I've been able to be,
And that's exactly how you want to go into the WNBAS.
Don't change anything that I've done, obviously learn it's at
finding ways to get better. You know, people are going
to expose my weaknesses. But that's an amazing thing about it.
That's the challenge that I wanted.
Speaker 17 (10:33):
The WNBA announced they not only is San Francisco getting
the team next season, they hope to add three more
expansion teams by twenty twenty eight. Offseason workouts with the
Giants and Daniel Jones says he'll be ready for the
start of training camp back to the torny ACL. He
also says he's not concerned that the Giants might draft
a quarterback. Two weeks some Thursday, Giants had the sixth pick.
John Stashedware Bloomberg Sports, Karen Nathan all.
Speaker 1 (10:56):
Right, John, thank you, SMP. Futures that'll change now. So
we're a NASDAK yours down. Feutures down to tenth of
a percent or forty points, and the ten year treasury
yield is that four point sixty four percent.
Speaker 7 (11:08):
Coast to coast on Bloomberg Radio, nationwide on Sirius XM, and.
Speaker 2 (11:13):
Around the world on Bloomberg dot Com and the Bloomberg
Business app. This is Bloomberg Daybreak. Good morning.
Speaker 3 (11:20):
I'm Nathan Hager. The world is waiting for Israel's response
to Iran's weekend drone and missile attack, even as Allies
ramp up their calls for restraint and avoiding the kind
of tit for tet response that could spiral into a
wider conflict in the Middle East. For more, Bloomberg Israel
Bureau chief Ethan Bronner is back with us from Tel Aviv. Ethan,
(11:41):
good morning. We're hearing Israeli military officials say they have
no choice but to respond. What is the appetite in
Israel for a counter attack.
Speaker 10 (11:52):
It's a bit diffuse. I mean, they actually published a
poll on one of the Channel TV channels this morning
showing that it's about a third to third to third,
meaning do it right now, do it later, don't do it.
So it's not like there's some overwhelming public pressure for
a response. I think that a lot of Israelis were
(12:15):
grateful for the cooperation the United States, UK and France
and even some Arab neighbors gave in stopping that big
attack on Saturday night. And they've kind of been in
the doghouse in terms of how the world has seen
them because of their war in Gaza, and I think
that that has been satisfying to be embraced again and
(12:38):
to see the coalition as the way forward. But you know,
at the same time, they do worry this was the
first time that Iran has ever shot from its own
soil at Israel, and the sense that if you don't
respond that somehow you're telling them you're weak. So that's
(12:59):
kind of the debate that's going on all day, all
night here, and I don't know how it's going to
sort itself out now.
Speaker 3 (13:06):
Of course, the debate that allies are trying to add
to this is that cooler heads should prevail. We've heard
from the White House saying that Netanyahu should quote take
the win. How much is that playing into this, Well,
I think.
Speaker 10 (13:22):
It is playing into it. I mean, I don't think
it's unimportant. I think that as I say that, the
sense that the United States is back again embracing the
Israel and sharing in its defense needs and so on
is important to people. It's the most important alliance that
this country has.
Speaker 17 (13:41):
But you know, there's this kind.
Speaker 10 (13:42):
Of old debate here, which is do we want to
be loved by our friends or feared by our enemies.
If we have to choose, we'll choose feared by our enemies. Now,
the remaining question is is hitting back the best way
to be feared? And I think that's part of the debate.
Speaker 3 (13:57):
Too interesting We've also heard from Israeli military officials who've
spoken to Bloomberg Radio saying that they've presented another a
number of options to the war cabinet. What could a
potential Israeli response look like at this point?
Speaker 19 (14:15):
Well, I mean, there are all these range of options,
right from doing nothing to shall we say, some kind
of a quote unquote soft attack like a cyber attack.
Speaker 10 (14:25):
Then maybe a hit upon a military facility somewhere, or
a hit upon facilities belonging to proxies e. Lebanon or
Syria or Iraq. Those are rather than, of course, you know,
an assassination of some kind or indeed some kind of
attack on their nuclear facilities, which seems rather exceptionally unlikely.
(14:49):
But you know, those are the ranges. So and all
that's being debated, and.
Speaker 3 (14:55):
The US has said that it won't support Israel when
it comes to a direct counter attack. Among those options.
Is there a sense within the war cabinet that there
are options that the US and its allies would get behind.
Speaker 10 (15:10):
There probably is, but they haven't shared it with me,
and I've been trying to find out. My sense is
that they do want to not cross the US in
what they do. They want it to be seen as
something that the US can accept and permit, and so
that's where they're going through that. I think, you know,
(15:30):
if there were a cyber attack, if there were an
attack on proxies or something, you know, I'm assuming that
the Americans would not necessarily say absolutely no way, But
I don't know. You know, those are debates that are
going on at a very high level, and I think
that there's probably a great deal of uncertainty in the
US administration and in the Israeli government about what should
(15:53):
or what could happen.
Speaker 6 (15:55):
This is Bloomberg Daybreak Today, your morning brief on the
story's making news from Wall Street to Washington and beyond.
Speaker 1 (16:02):
Look for us on your podcast feed at six am
Eastern each morning, on Apple, Spotify, and anywhere else you
get your podcasts.
Speaker 6 (16:10):
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,
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Speaker 1 (16:23):
Our flagship New York station is also available on your
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Speaker 6 (16:32):
Listen coast to coast on the Bloomberg Business app, SERIUSXM,
the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager.
Speaker 11 (16:40):
And I'm Karen Moscow.
Speaker 1 (16:41):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Daybreak.
He then me
Bloomberg Audio Studios, podcasts, radio news.
Speaker 2 (00:11):
Good morning.
Speaker 1 (00:11):
I'm Nathan Hager and I'm Karen Moscow. Here are the
stories we're following today, Karen.
Speaker 3 (00:16):
Middle East tensions maybe ramping back up. Israeli military officials
are saying they have no choice but to respond to
Iran's drone and missile attack over the weekend, but the
US and European allies are urging Israel to avoid the
kind of tit for tat that could spark a wider
war here. State Department spokesman Matthew Miller.
Speaker 4 (00:35):
Israel is a sovereign country. They have to make their
own decisions about how best to defend themselves. What we
always try to do is provide our best advice as
a longtime friend of Israel and a longtime ally and
partner of Israel. And that's what we've done since October seventh,
across a broad range of fronts. It's what we have
done over the weekend.
Speaker 3 (00:52):
Matthew Miller at the State Department says the Biden administration
has put more than five hundred sanctions on Iranian entities
to hold Tehran accountable.
Speaker 1 (01:00):
But for Israel, Nathan, the question isn't if the country response.
But how more on that From Bloomberg's Rosalind Madison.
Speaker 5 (01:07):
There's a wide range of possibilities here. From a direct attack,
as you say, from Israel on Iran, that would not
be unprecedented, but that's one option for them, targeting military sites,
perhaps even nuclear.
Speaker 6 (01:19):
Sites in Iran.
Speaker 5 (01:21):
Of course, there's a lot of concern about Iran's nuclear program,
or does it go for something instead, like going for
one of Iran's proxies in the region. We're talking about
the Huthis in Yemen, We're talking about Hamas in Gaza,
Hezblah in Lebanon. Do they go through one of those
proxies to retaliate.
Speaker 1 (01:37):
Bloomberg's Rauslin Madison reports are timing of an Israeli response
also is not clear. Iran's deputy Foreign Minister is warning
any Israeli counterattack would be met with a more severe,
faster and immediate blow. He says it would take seconds
for his country to launch another strike.
Speaker 3 (01:54):
Well, Karen, the turmoil in the Middle East has added
new urgency to passing Foreign aid in the House after
months of inaction. Bloomberg's Ed Baxter reports votes could come
this week.
Speaker 7 (02:04):
Speaker Mike Johnson is planning separate votes this week on
new aid to both Israel and Ukraine. This in an
attempt to assemble fragile coalitions to speed weaponry to both places.
Speaker 8 (02:16):
We have a terrorist in tyrants and terrible leaders around
the world like Putin and g and in Iran, and
they're watching to see if America will stand up for
its allies in our own interest around the globe, and
we will.
Speaker 7 (02:29):
Now, his party majority is very slim, and he may
need Democrat support, and he very well may get it.
The mpasse over eight has been dragging on since October.
At Baxter Bloomberg.
Speaker 1 (02:39):
Radio, all right, ed, thank you now to the historic
criminal case involving former President Donald Trump. Jury selection continues today.
Bloomberg Law host June Garasso has the latest from New York.
Speaker 9 (02:50):
Trump's criminal trial got off to a slow start. The
jury selection process began hours late because of a slew
of motions. The trial judge had to handle first, and
then more than half of the first pool of ninety
six perspective jurors was dismissed after saying they couldn't be
fair and impartial. Court adjourned for the day with zero
(03:11):
jurors chosen, and the judge saying we're way behind schedule.
Jury selection resumes this morning, June Grosso, Bloomberg Radio, All right, June.
Speaker 7 (03:20):
Thank you.
Speaker 3 (03:21):
While Trump deals with those legal issues, President Biden's hitting
the campaign trail in his childhood home state of Pennsylvania.
The Biden campaign says the trip aims to highlight the
differences between the president's tax and economic agenda and the
policies of Trump, who oversaw tax cuts for the wealthy
and corporations. Biden's three day trip includes a visit to
Scranton and events in the Pittsburgh area, where Nippon Steele's
(03:43):
deal to buy United States Steel has rankled union allies.
The president will close out the trip Thursday in Philadelphia.
Speaker 10 (03:51):
Well.
Speaker 1 (03:52):
Turning to Wall Street Now Nathan. First quarter earnings for
the nation's biggest banks wrap up later this morning with
Bank of America and Morgan Stanley. Bloomberg's Jeff Ellinger has
a look at what to expect for.
Speaker 11 (04:02):
Bank of America. A key number to watch net interest income,
which alone is forecast to be about fourteen billion dollars,
about two percent lower than a year ago. Consensus calls
for total revenue of twenty five point forty three billion
and adjusted earnings per share of seventy seven cents. As
for Morgan Stanley, a jump in investment banking activity may
(04:24):
help offset and expected pullback in earnings for the ninth
quarter in a row, although the pace of declines likely slowed.
Consensus calls for revenue of fourteen point forty six billion
and adjusted earnings per share of a dollar sixty six.
Jeff Bellinger, Bloomberg Radio, Jeff.
Speaker 3 (04:42):
Thank you well after another strong reading on retail sales.
Another FED official says there's no rush to cut interest
rates here. San Francisco FED President Mary Daily added event
at the Stanford Institute for Economic Policy Research, the.
Speaker 12 (04:56):
Worst thing we can do right now is act urgently
when urgent isn't necessary. You know, the policy is in
a good place. We're in the ready position. We can
respond as the economy evolved. The labor market's not and
giving us any indication is faltering, and inflation is still
above our target, and we need to be confident it
is on path to come down to our target before
(05:16):
we would feel the need and I would feel the
need to react.
Speaker 3 (05:20):
San Francisco FED chief Mary Daily votes on monetary policy
this year well.
Speaker 1 (05:25):
In Europe, Nathan Britain's unemployment rate rose unexpectedly to a
six month high. We get more from a UK economic
correspondent Lizzie Burden.
Speaker 13 (05:34):
Unemployment was expected to tick up, Actually it went from
three point nine percent to four point two percent rather
than just four percent. But on the other hand, you
had average weekly earnings expected to tick down from six
point one percent to five point eight percent. Actually they
only went to six percent, so hotter than I expected.
So it's mixed signals here. From the labor market.
Speaker 1 (05:56):
Data, Bloomberg's Lizzie Burden says the labor numbers come ahead
of tomorrow's March reading on consumer prices.
Speaker 3 (06:02):
We got some new economic data out of Asia Karen
China's economic growth beat expectations in the first quarter as
factory output led the expansion. Bloomberg Daybreak Asia anchor Brian
Curtis has more from Hong Kong.
Speaker 14 (06:15):
GDP rows five point three percent year on year. That's
higher than the estimate of four point eight percent. In March,
industrial production was up four and a half percent from
a year earlier, versus a forecast of six percent. Retail
sales rose three point one percent, missing an estimate of
four point eight percent. China's recovery has been out of balance.
(06:36):
Manufacturing holding up, but the property crisis is denting both
household and business confidence in Hong Kong. Brian Curtis, Bloomberg Radio.
Speaker 1 (06:44):
All right, Brian, thank you, and it's time now for
a look at some of the other stories making news
in New York and around the world.
Speaker 15 (06:53):
And for that we're joined by A Bloomberg's John Tucker. John,
Good Morning, Good Morning, Karen. New York finally has a budget.
Deal exceeds two hundred and thirty three billion dollars, and
sources to say it includes the most sweeping change in
housing policy in years. Details in this report from Bloomberg's
Charlie Peenllett.
Speaker 2 (07:10):
Those sources say the tentative spending plan includes a tax
break for affordable housing construction, alongside new restrictions on evictions
and rent increases for market rate renters. Details of the budget,
which was originally due to April first, our subject to
change before final approval. Soaring rents and upcoming elections are
(07:30):
key factors driving state lawmakers to forge an agreement with
Democratic Governor Kathy Hogel, A year after she failed to
advance a proposal aimed at building eight hundred thousand new
homes over a decade. In New York, Charlie Pellett Bloomberg.
Speaker 16 (07:46):
Radio House, Republicans who will want the articles of impeachment
against Homeland Security Secretary Allejudro Maiorchis over to the Senate
today It kicks off at trial in that chamber. Republicans
accused my Orchis of mishandling the crisis at the southern border.
Vice President Harris returning to the campaign trailed to underscore
the stakes of the election. The Vice President, speaking in
(08:07):
Las Vegas a week after the Arizona Supreme Court upheld
an abortion ban from eighteen sixty four.
Speaker 10 (08:14):
What we are seeing in these states that we were
talking about are Trump abortion bans, and he can't get
away from that.
Speaker 16 (08:22):
In the wink of the Arizona Supreme Court decision, now
California is bracing for an influx of women seeking abortion.
The Supreme Court will weigh the legality of charges brought
against hundreds of people in connection with the attack of
the US capital. The question for the justices is whether
law passed as part of the Sarbanes Oxley Financial reforms
can be read to cover the January sixth riot. Hundreds
(08:44):
of people, including Donald Trump, have been charge with obstructing
and official proceeding. Global news twenty four hours a day
and whenever you want it with Bloomberg News Now. I'm
John Tucker. This he is Bloomberg, Nathan and Karen.
Speaker 1 (08:56):
Sorry, John, thank you, and it's time now for the
Bloomberg Sports Update with John stas Shower.
Speaker 17 (09:05):
John, Good morning, Good morning, Caaren. A terrific regular season
for the Rangers. Right from the start. They won eighteen
of their first twenty three games. It ended at the
Guard with a four to nothing shut out of Ottawa,
and the Rangers finished with a club record one one
hundred and fourteen points. That's the most in the NHL.
Their first round opponent could still be one of four
different teams Washington and Detroit at eighty nine points, Pittsburgh
(09:26):
has eighty eight, Philadelphia eighty seven. With one game left,
Islanders are in the playoffs fifth time in the last
six years. They finished seven and one down the stretch,
beat the Devils four to one. The Islanders will face
Carolina in Round one. Bruins failed to clinch their division
lost to nothing in Washington. The Mats, who began the
season ze five and now eight and eight to come
from behind sixty three win over the Pirates at City Field.
The Mets allowed only three hits. Yankees had only four,
(09:49):
so did the Blue Jays, but Toronto won three to one.
Chris Bassett beat Louis Heal, the Yanks first two game
losing streak of the season. The Big Yankee news the
retirement effective immediately of John's early in the radio Voice
of the Ink the last thirty six years. He's eighty five,
says he's tired. He'll be honored at the stadium on Saturday.
In Brooklyn, they held the WNBA Draft. Has there ever
(10:09):
been any draft with less suspense over who the first
pick will be? Caitlyn Clark headed to the Indiana Fever.
Speaker 18 (10:16):
All this has come with just the person that I've
i am and the player that I've been able to be,
And that's exactly how you want to go into the WNBAS.
Don't change anything that I've done, obviously learn it's at
finding ways to get better. You know, people are going
to expose my weaknesses. But that's an amazing thing about it.
That's the challenge that I wanted.
Speaker 17 (10:33):
The WNBA announced they not only is San Francisco getting
the team next season, they hope to add three more
expansion teams by twenty twenty eight. Offseason workouts with the
Giants and Daniel Jones says he'll be ready for the
start of training camp back to the torny ACL. He
also says he's not concerned that the Giants might draft
a quarterback. Two weeks some Thursday, Giants had the sixth pick.
John Stashedware Bloomberg Sports, Karen Nathan all.
Speaker 1 (10:56):
Right, John, thank you, SMP. Futures that'll change now. So
we're a NASDAK yours down. Feutures down to tenth of
a percent or forty points, and the ten year treasury
yield is that four point sixty four percent.
Speaker 7 (11:08):
Coast to coast on Bloomberg Radio, nationwide on Sirius XM, and.
Speaker 2 (11:13):
Around the world on Bloomberg dot Com and the Bloomberg
Business app. This is Bloomberg Daybreak. Good morning.
Speaker 3 (11:20):
I'm Nathan Hager. The world is waiting for Israel's response
to Iran's weekend drone and missile attack, even as Allies
ramp up their calls for restraint and avoiding the kind
of tit for tet response that could spiral into a
wider conflict in the Middle East. For more, Bloomberg Israel
Bureau chief Ethan Bronner is back with us from Tel Aviv. Ethan,
(11:41):
good morning. We're hearing Israeli military officials say they have
no choice but to respond. What is the appetite in
Israel for a counter attack.
Speaker 10 (11:52):
It's a bit diffuse. I mean, they actually published a
poll on one of the Channel TV channels this morning
showing that it's about a third to third to third,
meaning do it right now, do it later, don't do it.
So it's not like there's some overwhelming public pressure for
a response. I think that a lot of Israelis were
(12:15):
grateful for the cooperation the United States, UK and France
and even some Arab neighbors gave in stopping that big
attack on Saturday night. And they've kind of been in
the doghouse in terms of how the world has seen
them because of their war in Gaza, and I think
that that has been satisfying to be embraced again and
(12:38):
to see the coalition as the way forward. But you know,
at the same time, they do worry this was the
first time that Iran has ever shot from its own
soil at Israel, and the sense that if you don't
respond that somehow you're telling them you're weak. So that's
(12:59):
kind of the debate that's going on all day, all
night here, and I don't know how it's going to
sort itself out now.
Speaker 3 (13:06):
Of course, the debate that allies are trying to add
to this is that cooler heads should prevail. We've heard
from the White House saying that Netanyahu should quote take
the win. How much is that playing into this, Well,
I think.
Speaker 10 (13:22):
It is playing into it. I mean, I don't think
it's unimportant. I think that as I say that, the
sense that the United States is back again embracing the
Israel and sharing in its defense needs and so on
is important to people. It's the most important alliance that
this country has.
Speaker 17 (13:41):
But you know, there's this kind.
Speaker 10 (13:42):
Of old debate here, which is do we want to
be loved by our friends or feared by our enemies.
If we have to choose, we'll choose feared by our enemies. Now,
the remaining question is is hitting back the best way
to be feared? And I think that's part of the debate.
Speaker 3 (13:57):
Too interesting We've also heard from Israeli military officials who've
spoken to Bloomberg Radio saying that they've presented another a
number of options to the war cabinet. What could a
potential Israeli response look like at this point?
Speaker 19 (14:15):
Well, I mean, there are all these range of options,
right from doing nothing to shall we say, some kind
of a quote unquote soft attack like a cyber attack.
Speaker 10 (14:25):
Then maybe a hit upon a military facility somewhere, or
a hit upon facilities belonging to proxies e. Lebanon or
Syria or Iraq. Those are rather than, of course, you know,
an assassination of some kind or indeed some kind of
attack on their nuclear facilities, which seems rather exceptionally unlikely.
(14:49):
But you know, those are the ranges. So and all
that's being debated, and.
Speaker 3 (14:55):
The US has said that it won't support Israel when
it comes to a direct counter attack. Among those options.
Is there a sense within the war cabinet that there
are options that the US and its allies would get behind.
Speaker 10 (15:10):
There probably is, but they haven't shared it with me,
and I've been trying to find out. My sense is
that they do want to not cross the US in
what they do. They want it to be seen as
something that the US can accept and permit, and so
that's where they're going through that. I think, you know,
(15:30):
if there were a cyber attack, if there were an
attack on proxies or something, you know, I'm assuming that
the Americans would not necessarily say absolutely no way, But
I don't know. You know, those are debates that are
going on at a very high level, and I think
that there's probably a great deal of uncertainty in the
US administration and in the Israeli government about what should
(15:53):
or what could happen.
Speaker 6 (15:55):
This is Bloomberg Daybreak Today, your morning brief on the
story's making news from Wall Street to Washington and beyond.
Speaker 1 (16:02):
Look for us on your podcast feed at six am
Eastern each morning, on Apple, Spotify, and anywhere else you
get your podcasts.
Speaker 6 (16:10):
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
ninety sixty in San Francisco.
Speaker 1 (16:23):
Our flagship New York station is also available on your
Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus.
Speaker 6 (16:32):
Listen coast to coast on the Bloomberg Business app, SERIUSXM,
the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager.
Speaker 11 (16:40):
And I'm Karen Moscow.
Speaker 1 (16:41):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Daybreak.
He then me
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