June 9, 2025 • 16 mins
On today's podcast:
1) Tensions flared in Los Angeles on the third day of anti-deportation protests, as demonstrators clashed with law enforcement while President Donald Trump and California Governor Gavin Newsom exchanged blame over the unrest and responsibility for restoring order.
2) The US and China are set to resume trade negotiations in London on Monday in a bid to further defuse tensions over rare-earth minerals and advanced technology following a phone call between leaders Donald Trump and Xi Jinping last week.
3) Apple Inc. shares have been heavily tethered to US trade policies this year, but its annual developer’s conference could refocus Wall Street’s attention on a potentially bigger problem: its struggles with artificial intelligence.
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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 (00:10):
Good morning.
Speaker 3 (00:10):
I'm Nathan Hager and I'm Lisa Matteo. Here are the
top stories we're following today.
Speaker 4 (00:15):
Lisa, we begin this morning with a tense situation in
Los Angeles. Anti deportation protesters have been clashing with law
enforcement for three days, in some cases committing violence and
burning cars. LA Police Chief Jim McDonald says the demonstration
started peacefully, but things have gotten worse.
Speaker 5 (00:36):
This violence that I've seen is disgusting. It's escalated now
since the beginning of this incident. What we saw the
first night was bad. What we've seen subsequent to that
is getting increasingly worse and more violent.
Speaker 4 (00:49):
Los Angeles Police Chief Jim McDonald spoke after President Trump
deployed more than two thousand National Guard troops to LA
over the weekend. He says he would not wait for
Governor Gavin Newsom to ask for the reinforcements.
Speaker 6 (01:02):
That's a new thing.
Speaker 1 (01:03):
The spit and worse, you know what they throw at him,
right and when that happens, I have.
Speaker 7 (01:08):
A little stacred. They say they spent.
Speaker 8 (01:11):
We hit bud.
Speaker 4 (01:13):
President Trump's move has local leaders saying it's only inflaming
the situation. Here's Los Angeles Mayor Karen Bass.
Speaker 6 (01:19):
We're working with officials, we're organizing resources, but what we're
seeing in Los Angeles is chaos that is provoked by
the administration.
Speaker 4 (01:28):
And California Governor Gavin Newsom says he has formally asked
the White House to rescind the quote unlawful deployment. He
also says he plans to sue the administration over the action.
Speaker 8 (01:37):
Nathan.
Speaker 3 (01:38):
Back here in Washington, Republican leaders are trying to keep
President Trump's tax and spending cut built on track after
the President's very republic falling out with Elon Musk. How
Speaker Mike Johnson is making it clear which side he's on.
Speaker 6 (01:51):
Elon's number one responsibilities to save his company. The President
and I have the responsibility to save in the country
and that's what this bill does. And we're really excited
and proud of this and we're going to get it delivered.
Speaker 3 (02:01):
How Speaker Mike Johnson spoke on ABC's This Week Has
Heard Every Sunday on Bloomberg Radio. Senate Republicans appear to
be shrugging off Elon mus harsh criticism that the bill
will add to the deficit. The Senate Finance Committee is
expected to strip out some medicaid and Medicare cuts from
the House version of the bill that would have added
to its cost savings.
Speaker 4 (02:20):
Well, so we want to turn to the latest developments
over global trade. The US and China are set to
resume negotiations in London today following a phone call between
leaders President Trump and Shei Jinping. We get the latest
from Bloomberg's Katya Dmitrieva.
Speaker 9 (02:34):
There's certainly a lot more optimism in terms of what
could come out of these talks, and there was even
last year, and that's before the call happened. These talks
are really kind of a resetting, is how I would
put it, and how perhaps investors and economists are looking
at it, because you know, there was sort of a
back and forth. There was some lobbying of accusations, the
US imposed some more restrictions on China. There was this
(02:57):
whole issue of Chinese students coming to the U. So
now these talks are sort of a way of resetting
that after this call happened last week between the two leaders.
Speaker 4 (03:06):
Bloomberg's coat to Dimitrievis says the talks aim to resolve
issues such as rare earth exports, tariffs, and restrictions on
advanced technology and Nathan.
Speaker 3 (03:14):
Those talks between the US and China come as the
latest data shows Chinese exports to the US saw the
worst drop in more than five years. Official figures from
a show shipments for America fell by thirty four percent.
Speaker 4 (03:27):
All right, let's turn to markets now. Lisa's stocks are
at their highest level since February as investors away to
key bond sale and a pair of inflation reports.
Speaker 8 (03:36):
Let's bring in Bloombergs John Tucker for more, John and Nathan.
Speaker 10 (03:39):
The S and P five hundred in fact closed Friday
just two point three percent below its February record. Since
it's April low, the index has climbed twenty percent over
are Goldlin's sacks Sharing Bill says investers seem to have
thrown caution into the wind.
Speaker 8 (03:53):
I agree.
Speaker 11 (03:54):
The risks are still very much that and the market
seems at the moment prepared to look through those risks well.
Speaker 10 (03:59):
Strategy That City Group, meantime, have raised their year in
S and P five hundred target to sixty three hundred.
Investors looking for fresh catalysts will have several events this week.
There's those US China trade talks in London. Wednesday. We're
to get a reading on inflation with the consumer pricing
index along with the producer price data the following day,
and that will long for Federal Reserve officials a final
(04:21):
look at inflation ahead of their policy meeting next week.
On Thursday, the Treasury is set to sell twenty two
billion dollars of thirty year government bonds that will be
closely watched as a test of market sentiment as investors
push back against growing government debt. In New York Time,
John Tucker, Bloomberg.
Speaker 3 (04:39):
Radio, all right, thank you, John. Plenty of company news
this morning. We have Apple kicking off at Daniel Worldwide
Developers Conference in Coopertino.
Speaker 8 (04:47):
Bloomberg's Tom Busby, how's a briview?
Speaker 7 (04:49):
The highlight is expected to be a sweeping redesign of
the software interfaces for the iPhone, iPad, Mac, Apple TV,
the Apple Watch on CarPlay, along with some tweaks to
the Vision p'sro mixed reality headset. It's also rebranding and
software shifting from the current number based naming to a
year based system, so next year's update to the current
iOS eighteen will be iOS twenty six. There is little chance, though,
(05:13):
of any significant updates to its long delayed AI product,
Apple Intelligence. The conference runs through this Friday, June thirteenth.
Tom buzzby Bloomberg Radio.
Speaker 4 (05:23):
All right, Tom, thanks, and Bloomberg News has learned that
Meta Platforms is in talks to make a multi billion
dollar investment in AI startup Scale AI. Valued at over
ten billion dollars, The funding would rank among the largest
ever for a private company. And we get more from
Bloomberg Technology reporter Sarah Fryer.
Speaker 12 (05:39):
Scale has become really essential in the generative AI boom,
in part because what they specialize in is data quality.
They have a mixture of human and AI fixing of data,
where they're the labeling images, they're categorizing things, They're improving
models through this accuracy and data accuracy is really important
(06:00):
when you're trying to build the next big Elella.
Speaker 4 (06:03):
Bloomberg Sarah Friar says SCALEAI generated about eight hundred and
seventy million dollars in revenue in twenty twenty four and
expects two billion this year.
Speaker 8 (06:11):
And Qualcom making an acquisition.
Speaker 3 (06:14):
It's agreed to buy London listed semiconductor company Alpha Wave
IP Group for about two point four billion dollars in cash.
Alpha Wave makes high speed semiconductor and connectivity technology that
can be used for data centers and AI applications.
Speaker 8 (06:28):
That's two growth.
Speaker 3 (06:29):
Areas in the chip industry that are being driven by
demand for products like open Aiyes Chat GPT.
Speaker 4 (06:35):
That's not the only move happening in the UK. Lisa
Loreal has agreed to buy a majority stake in the
British company medic eight. The French cosmetics group is trying
to strengthen its presence in the booming skincare market.
Speaker 3 (06:51):
All right, it's time now for a look at the
other stories making news in New York and around the
world that We're joined by Bloomberg's Michael bar Good morning, Michael.
Speaker 13 (06:57):
Good morning, Lisa. A new Trump administrator travel ban takes
effects starting today, banning citizens of twelve countries from visiting
the US. Travelers from seven others would face restrictions. Former
Department of Homeland Security official Elizabeth Newman expects legal challenges.
Speaker 14 (07:14):
There will be many, many challenges some of the new
countries that have been added. It would be wise of
the administration to disclose some of the evidence that they
have to demonstrate that they have these deficiencies.
Speaker 13 (07:28):
Former Homeland Security official Elizabeth Newman tells ABC the band
includes Afghanistan, Mean mar Haiti, Iran, Libya, and Yemen. Israeli
forces have stopped a Gaza bound a boat and detained
Greta Tunberg and other activists on board. The Freedom Flotilla Coalition,
which had organized a voyage to deliver humanitarian aid to
(07:50):
the Gaza strip and protest Israel's blockade and wartime conduct,
said the activists had been kidnapped by Israeli forces. Activists
spoke as if boarded the boat.
Speaker 15 (08:01):
Everyone here is safe.
Speaker 12 (08:03):
No one is wounded right now.
Speaker 15 (08:04):
It's very important that no one is wounded until the
time they ordered our boat.
Speaker 13 (08:09):
Okay. Israel said the passengers would return to their home
countries and the aid would be delivered to Gaza through
established channels. There is tropical storm activity off Mexico's Pacific coast.
Bloomberg Media Religions Craig Allen has the latest.
Speaker 11 (08:24):
Barbara has sixty five mile per hour winds and increasing,
but is moving away west northwest at about ten miles
per hour, so the Mexico coastline may wind up with
a flooding two to four inches of rain and rough
surf and swells right along the coastline in the vacation
areas in the mountainous terrain.
Speaker 13 (08:41):
Bloomberg Media Religions, Craig Allen Global News twenty four hours
a day and whenever you want it with Bloomberg News Now.
I'm Michael Barr. This is Bloomberg Lisa.
Speaker 8 (08:50):
Thank you, Michael.
Speaker 3 (08:55):
Time now for our Bloomberg Sports Update, brought to you
by Flushing Bank.
Speaker 8 (08:59):
For that, we bring in Stash Hour. Good morning John,
Good morning Lesa.
Speaker 1 (09:02):
The first playoff game for Oklahoma City nearly two months
ago was a win by fifty one points and wins
over Denver by forty three and thirty two, and their
series clincher against Minnesota was a thirty point round Game
two in the NBA Finals at ok See. Not quite
that one side, but the thunder comfortably ahead all night.
They beat the Pacers one twenty three to one oh seven,
and the series is tied at one as it goes
(09:24):
to Indianapolis. The first Yankee Red Sox series of the
season high scoring. Both teams scored sixteen times through the
first two games, and then last night at the stadium.
Eight home runs were hit between the two to two
run shots by iron judge that came in the first
and ninth innings. Five Boston homers Carlos Norvaias came up
with a sixth with two holes two field's movement.
Speaker 15 (09:50):
The Forver Yankee comes back to the stadium.
Speaker 1 (09:52):
It delivers a free run blast to put Alex Cors
Red Sox ahead ESPN. The Costs went from down three
to two to up five to three. They went on
to win eleven to seven to win the series. In Denver,
mets over the lowly Rockies thirteen to five to sweep
the series. Six met home runs. Jeff McNeil Pete Alonzo
(10:12):
both hit a pair. The French Open final has to
be on the short list for greatest matches ever. As
Carlos Alcarez and Jonnick Sinner went to the fifth set
tiebreaker to decide the match, they had both won twenty
nine games, had been on the court for nearly five
and a half hours. Alcarez, who lost the first two sets,
dominated the tiebreaker and won his fifth Grand Slam, second
straight in Paris. On the court afterwards, he spoke to Ciner.
Speaker 10 (10:36):
You're going to be champion.
Speaker 8 (10:39):
No ones, but many, many times.
Speaker 3 (10:41):
He previlege you, shart the court with you in every tournament,
making his story.
Speaker 11 (10:47):
With with you.
Speaker 1 (10:48):
They are twenty two and twenty three. No reason to
think alcorrezm Ciner not going to meet in several Grand
Slam finals and they years to come. John stanshere Bloomberg Sports,
Lisa Nathan.
Speaker 8 (11:00):
Coast on Bloomberg Radio nationwide on Serious Exam and around
the world on Bloomberg dot Com and the Bloomberg Business app.
This is Bloomberg Daybreak.
Speaker 4 (11:10):
Good morning, I'm Nathan Hager. Three days of protest have
gotten more intense over immigration raids in Los Angeles. Local
leaders are concerned deploying the National Guard is further inflaming
the situation, but President Trump says LA can expect even
more of a show of force if the violence continues.
Speaker 1 (11:27):
We're gonna have troops everywhere.
Speaker 11 (11:29):
We're not going to let this happen to our country.
Speaker 1 (11:30):
We're not going to let our country be torn apart
like it was an the Fide and is auto pede.
Speaker 4 (11:37):
President Trump spoke with reporters on his way to Camp
David last night. This morning, we're joined by Bloomberg News
Senior editor Bill Ferries, just to get an update on
what's been happening over the last just a few days
in Los Angeles. Bill, it does seem like the tensions
have gotten quite a bit worse in just the last
twenty four hours.
Speaker 15 (11:55):
Yeah, it does, Nathan, Thanks for having me. It's we've had,
you know, the third day now of these anti deportation protesters.
We've seen these clashes taking place. They have tended to
be more peaceful during the day and then later in
the day getting a little bit more violent. There were
a number of cars waymo cars set on fire as well.
(12:16):
And really the escalation of the rhetoric between both sides here,
between the Trump administration and California has really helped fan
some of the concerns that this will the violence will continue,
or that it might even spread to other cities in
the state or other states. So far, that hasn't really
happened so far, thankfully, But it is hard to see
(12:40):
from the last seventy two hours how this de escalates
in the coming days.
Speaker 4 (12:45):
And it's also an escalation really between President Trump and
local leaders as well. Just from the fact that the
National Guard was deployed over the head of Governor Newsome.
This kind of takes us into uncharted territory.
Speaker 15 (13:00):
Almost unprecedented to see this kind of deployment. The White
House saying that it authorized the deployment of two thousand
National Guard troops. I think so far we know that
at least three hundred have been sent into the streets. Usually,
of course it's the governor who has control over National
Guard forces or asked the White House to deploy them.
(13:20):
I think you have to go back to the Civil
rights era in the sixties to see a federalized National
Guard force, you know, working in opposition to a governor.
So how that plays out on the coming days, we'll
have to see the California side that Mayor Karen Bass
and Governor Newsom have said that that deployment of the
(13:42):
National Guard is what is actually escalating tensions on the
street right now. I don't think those Guard troops are
going to be going away or back to their back
to their home. So it's it's a situation. I think Monday,
Monday morning, as that begins in California, we're gonna have
to see how this plays out again.
Speaker 4 (14:00):
And we've also heard Defense Secretary Hegseeth and President Trump
support the idea of bringing in marines from Camp Pendleton
if things continue to escalate, how seriously to take that
potential threat, you know, that would.
Speaker 15 (14:13):
Take it to another level as well. I mean, of course,
there is you know, this law from the late eighteen
hundreds of possecomatatis law that says you really you cannot
deploy active duty US forces on US soil in that way.
So it would be an unprecedented move if the Trump
administration tried to go in that direction. So far, we
(14:33):
haven't seen that full two thousand, those full two thousand
troops that were authorized by the White House out there.
I would expect that would be the next step if
this does continue to escalate.
Speaker 4 (14:44):
And while we see this fight now between President Trump
and local leaders in California, it seems as though Republicans
are trying to get past the fight between President Trump
and Elon Musk over the big beautiful bill. Where does
that things? Where does that stand in our last minute bill?
Speaker 8 (15:00):
Yeah, the bill is listen.
Speaker 15 (15:01):
The Senate Finance Committee is expected to put out their
draft of that legislation in any time early this week,
most likely. You know, we know what the sticking points
are going to be the salt. The state local tax
deduction is going to be a big part of That's
that puts a three hundred and fifty billion dollar hole
in the budget that the Senate Republicans may be looking
(15:24):
to tweak. It's also those changes to Medicaid that some
Republicans have been speaking out against ever since that legislation
passed the House. It's not going to be the same
bill as the House passed. That means it will have
to go back to the House. It's going to be
a lot of very tough negotiating to get to the
President's desk by July fourth.
Speaker 2 (15:42):
This is Bloomberg day Break, your morning podcast on the
story's making news from Wall Street to Washington and beyond.
Speaker 3 (15:49):
Look for us on your podcast feed by six am
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Speaker 2 (15:55):
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Speaker 3 (16:09):
Plus listen coast to coast on the Bloomberg Business App
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Speaker 2 (16:15):
And don't forget to subscribe to Bloomberg News Now. It's
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Speaker 8 (16:22):
Search Bloomberg News Now on your.
Speaker 2 (16:24):
Favorite podcast platform to stay informed all day long. I'm
Nathan Hager and.
Speaker 8 (16:29):
I'm Lisa Matteo.
Speaker 3 (16:30):
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 (00:10):
Good morning.
Speaker 3 (00:10):
I'm Nathan Hager and I'm Lisa Matteo. Here are the
top stories we're following today.
Speaker 4 (00:15):
Lisa, we begin this morning with a tense situation in
Los Angeles. Anti deportation protesters have been clashing with law
enforcement for three days, in some cases committing violence and
burning cars. LA Police Chief Jim McDonald says the demonstration
started peacefully, but things have gotten worse.
Speaker 5 (00:36):
This violence that I've seen is disgusting. It's escalated now
since the beginning of this incident. What we saw the
first night was bad. What we've seen subsequent to that
is getting increasingly worse and more violent.
Speaker 4 (00:49):
Los Angeles Police Chief Jim McDonald spoke after President Trump
deployed more than two thousand National Guard troops to LA
over the weekend. He says he would not wait for
Governor Gavin Newsom to ask for the reinforcements.
Speaker 6 (01:02):
That's a new thing.
Speaker 1 (01:03):
The spit and worse, you know what they throw at him,
right and when that happens, I have.
Speaker 7 (01:08):
A little stacred. They say they spent.
Speaker 8 (01:11):
We hit bud.
Speaker 4 (01:13):
President Trump's move has local leaders saying it's only inflaming
the situation. Here's Los Angeles Mayor Karen Bass.
Speaker 6 (01:19):
We're working with officials, we're organizing resources, but what we're
seeing in Los Angeles is chaos that is provoked by
the administration.
Speaker 4 (01:28):
And California Governor Gavin Newsom says he has formally asked
the White House to rescind the quote unlawful deployment. He
also says he plans to sue the administration over the action.
Speaker 8 (01:37):
Nathan.
Speaker 3 (01:38):
Back here in Washington, Republican leaders are trying to keep
President Trump's tax and spending cut built on track after
the President's very republic falling out with Elon Musk. How
Speaker Mike Johnson is making it clear which side he's on.
Speaker 6 (01:51):
Elon's number one responsibilities to save his company. The President
and I have the responsibility to save in the country
and that's what this bill does. And we're really excited
and proud of this and we're going to get it delivered.
Speaker 3 (02:01):
How Speaker Mike Johnson spoke on ABC's This Week Has
Heard Every Sunday on Bloomberg Radio. Senate Republicans appear to
be shrugging off Elon mus harsh criticism that the bill
will add to the deficit. The Senate Finance Committee is
expected to strip out some medicaid and Medicare cuts from
the House version of the bill that would have added
to its cost savings.
Speaker 4 (02:20):
Well, so we want to turn to the latest developments
over global trade. The US and China are set to
resume negotiations in London today following a phone call between
leaders President Trump and Shei Jinping. We get the latest
from Bloomberg's Katya Dmitrieva.
Speaker 9 (02:34):
There's certainly a lot more optimism in terms of what
could come out of these talks, and there was even
last year, and that's before the call happened. These talks
are really kind of a resetting, is how I would
put it, and how perhaps investors and economists are looking
at it, because you know, there was sort of a
back and forth. There was some lobbying of accusations, the
US imposed some more restrictions on China. There was this
(02:57):
whole issue of Chinese students coming to the U. So
now these talks are sort of a way of resetting
that after this call happened last week between the two leaders.
Speaker 4 (03:06):
Bloomberg's coat to Dimitrievis says the talks aim to resolve
issues such as rare earth exports, tariffs, and restrictions on
advanced technology and Nathan.
Speaker 3 (03:14):
Those talks between the US and China come as the
latest data shows Chinese exports to the US saw the
worst drop in more than five years. Official figures from
a show shipments for America fell by thirty four percent.
Speaker 4 (03:27):
All right, let's turn to markets now. Lisa's stocks are
at their highest level since February as investors away to
key bond sale and a pair of inflation reports.
Speaker 8 (03:36):
Let's bring in Bloombergs John Tucker for more, John and Nathan.
Speaker 10 (03:39):
The S and P five hundred in fact closed Friday
just two point three percent below its February record. Since
it's April low, the index has climbed twenty percent over
are Goldlin's sacks Sharing Bill says investers seem to have
thrown caution into the wind.
Speaker 8 (03:53):
I agree.
Speaker 11 (03:54):
The risks are still very much that and the market
seems at the moment prepared to look through those risks well.
Speaker 10 (03:59):
Strategy That City Group, meantime, have raised their year in
S and P five hundred target to sixty three hundred.
Investors looking for fresh catalysts will have several events this week.
There's those US China trade talks in London. Wednesday. We're
to get a reading on inflation with the consumer pricing
index along with the producer price data the following day,
and that will long for Federal Reserve officials a final
(04:21):
look at inflation ahead of their policy meeting next week.
On Thursday, the Treasury is set to sell twenty two
billion dollars of thirty year government bonds that will be
closely watched as a test of market sentiment as investors
push back against growing government debt. In New York Time,
John Tucker, Bloomberg.
Speaker 3 (04:39):
Radio, all right, thank you, John. Plenty of company news
this morning. We have Apple kicking off at Daniel Worldwide
Developers Conference in Coopertino.
Speaker 8 (04:47):
Bloomberg's Tom Busby, how's a briview?
Speaker 7 (04:49):
The highlight is expected to be a sweeping redesign of
the software interfaces for the iPhone, iPad, Mac, Apple TV,
the Apple Watch on CarPlay, along with some tweaks to
the Vision p'sro mixed reality headset. It's also rebranding and
software shifting from the current number based naming to a
year based system, so next year's update to the current
iOS eighteen will be iOS twenty six. There is little chance, though,
(05:13):
of any significant updates to its long delayed AI product,
Apple Intelligence. The conference runs through this Friday, June thirteenth.
Tom buzzby Bloomberg Radio.
Speaker 4 (05:23):
All right, Tom, thanks, and Bloomberg News has learned that
Meta Platforms is in talks to make a multi billion
dollar investment in AI startup Scale AI. Valued at over
ten billion dollars, The funding would rank among the largest
ever for a private company. And we get more from
Bloomberg Technology reporter Sarah Fryer.
Speaker 12 (05:39):
Scale has become really essential in the generative AI boom,
in part because what they specialize in is data quality.
They have a mixture of human and AI fixing of data,
where they're the labeling images, they're categorizing things, They're improving
models through this accuracy and data accuracy is really important
(06:00):
when you're trying to build the next big Elella.
Speaker 4 (06:03):
Bloomberg Sarah Friar says SCALEAI generated about eight hundred and
seventy million dollars in revenue in twenty twenty four and
expects two billion this year.
Speaker 8 (06:11):
And Qualcom making an acquisition.
Speaker 3 (06:14):
It's agreed to buy London listed semiconductor company Alpha Wave
IP Group for about two point four billion dollars in cash.
Alpha Wave makes high speed semiconductor and connectivity technology that
can be used for data centers and AI applications.
Speaker 8 (06:28):
That's two growth.
Speaker 3 (06:29):
Areas in the chip industry that are being driven by
demand for products like open Aiyes Chat GPT.
Speaker 4 (06:35):
That's not the only move happening in the UK. Lisa
Loreal has agreed to buy a majority stake in the
British company medic eight. The French cosmetics group is trying
to strengthen its presence in the booming skincare market.
Speaker 3 (06:51):
All right, it's time now for a look at the
other stories making news in New York and around the
world that We're joined by Bloomberg's Michael bar Good morning, Michael.
Speaker 13 (06:57):
Good morning, Lisa. A new Trump administrator travel ban takes
effects starting today, banning citizens of twelve countries from visiting
the US. Travelers from seven others would face restrictions. Former
Department of Homeland Security official Elizabeth Newman expects legal challenges.
Speaker 14 (07:14):
There will be many, many challenges some of the new
countries that have been added. It would be wise of
the administration to disclose some of the evidence that they
have to demonstrate that they have these deficiencies.
Speaker 13 (07:28):
Former Homeland Security official Elizabeth Newman tells ABC the band
includes Afghanistan, Mean mar Haiti, Iran, Libya, and Yemen. Israeli
forces have stopped a Gaza bound a boat and detained
Greta Tunberg and other activists on board. The Freedom Flotilla Coalition,
which had organized a voyage to deliver humanitarian aid to
(07:50):
the Gaza strip and protest Israel's blockade and wartime conduct,
said the activists had been kidnapped by Israeli forces. Activists
spoke as if boarded the boat.
Speaker 15 (08:01):
Everyone here is safe.
Speaker 12 (08:03):
No one is wounded right now.
Speaker 15 (08:04):
It's very important that no one is wounded until the
time they ordered our boat.
Speaker 13 (08:09):
Okay. Israel said the passengers would return to their home
countries and the aid would be delivered to Gaza through
established channels. There is tropical storm activity off Mexico's Pacific coast.
Bloomberg Media Religions Craig Allen has the latest.
Speaker 11 (08:24):
Barbara has sixty five mile per hour winds and increasing,
but is moving away west northwest at about ten miles
per hour, so the Mexico coastline may wind up with
a flooding two to four inches of rain and rough
surf and swells right along the coastline in the vacation
areas in the mountainous terrain.
Speaker 13 (08:41):
Bloomberg Media Religions, Craig Allen Global News twenty four hours
a day and whenever you want it with Bloomberg News Now.
I'm Michael Barr. This is Bloomberg Lisa.
Speaker 8 (08:50):
Thank you, Michael.
Speaker 3 (08:55):
Time now for our Bloomberg Sports Update, brought to you
by Flushing Bank.
Speaker 8 (08:59):
For that, we bring in Stash Hour. Good morning John,
Good morning Lesa.
Speaker 1 (09:02):
The first playoff game for Oklahoma City nearly two months
ago was a win by fifty one points and wins
over Denver by forty three and thirty two, and their
series clincher against Minnesota was a thirty point round Game
two in the NBA Finals at ok See. Not quite
that one side, but the thunder comfortably ahead all night.
They beat the Pacers one twenty three to one oh seven,
and the series is tied at one as it goes
(09:24):
to Indianapolis. The first Yankee Red Sox series of the
season high scoring. Both teams scored sixteen times through the
first two games, and then last night at the stadium.
Eight home runs were hit between the two to two
run shots by iron judge that came in the first
and ninth innings. Five Boston homers Carlos Norvaias came up
with a sixth with two holes two field's movement.
Speaker 15 (09:50):
The Forver Yankee comes back to the stadium.
Speaker 1 (09:52):
It delivers a free run blast to put Alex Cors
Red Sox ahead ESPN. The Costs went from down three
to two to up five to three. They went on
to win eleven to seven to win the series. In Denver,
mets over the lowly Rockies thirteen to five to sweep
the series. Six met home runs. Jeff McNeil Pete Alonzo
(10:12):
both hit a pair. The French Open final has to
be on the short list for greatest matches ever. As
Carlos Alcarez and Jonnick Sinner went to the fifth set
tiebreaker to decide the match, they had both won twenty
nine games, had been on the court for nearly five
and a half hours. Alcarez, who lost the first two sets,
dominated the tiebreaker and won his fifth Grand Slam, second
straight in Paris. On the court afterwards, he spoke to Ciner.
Speaker 10 (10:36):
You're going to be champion.
Speaker 8 (10:39):
No ones, but many, many times.
Speaker 3 (10:41):
He previlege you, shart the court with you in every tournament,
making his story.
Speaker 11 (10:47):
With with you.
Speaker 1 (10:48):
They are twenty two and twenty three. No reason to
think alcorrezm Ciner not going to meet in several Grand
Slam finals and they years to come. John stanshere Bloomberg Sports,
Lisa Nathan.
Speaker 8 (11:00):
Coast on Bloomberg Radio nationwide on Serious Exam and around
the world on Bloomberg dot Com and the Bloomberg Business app.
This is Bloomberg Daybreak.
Speaker 4 (11:10):
Good morning, I'm Nathan Hager. Three days of protest have
gotten more intense over immigration raids in Los Angeles. Local
leaders are concerned deploying the National Guard is further inflaming
the situation, but President Trump says LA can expect even
more of a show of force if the violence continues.
Speaker 1 (11:27):
We're gonna have troops everywhere.
Speaker 11 (11:29):
We're not going to let this happen to our country.
Speaker 1 (11:30):
We're not going to let our country be torn apart
like it was an the Fide and is auto pede.
Speaker 4 (11:37):
President Trump spoke with reporters on his way to Camp
David last night. This morning, we're joined by Bloomberg News
Senior editor Bill Ferries, just to get an update on
what's been happening over the last just a few days
in Los Angeles. Bill, it does seem like the tensions
have gotten quite a bit worse in just the last
twenty four hours.
Speaker 15 (11:55):
Yeah, it does, Nathan, Thanks for having me. It's we've had,
you know, the third day now of these anti deportation protesters.
We've seen these clashes taking place. They have tended to
be more peaceful during the day and then later in
the day getting a little bit more violent. There were
a number of cars waymo cars set on fire as well.
(12:16):
And really the escalation of the rhetoric between both sides here,
between the Trump administration and California has really helped fan
some of the concerns that this will the violence will continue,
or that it might even spread to other cities in
the state or other states. So far, that hasn't really
happened so far, thankfully, But it is hard to see
(12:40):
from the last seventy two hours how this de escalates
in the coming days.
Speaker 4 (12:45):
And it's also an escalation really between President Trump and
local leaders as well. Just from the fact that the
National Guard was deployed over the head of Governor Newsome.
This kind of takes us into uncharted territory.
Speaker 15 (13:00):
Almost unprecedented to see this kind of deployment. The White
House saying that it authorized the deployment of two thousand
National Guard troops. I think so far we know that
at least three hundred have been sent into the streets. Usually,
of course it's the governor who has control over National
Guard forces or asked the White House to deploy them.
(13:20):
I think you have to go back to the Civil
rights era in the sixties to see a federalized National
Guard force, you know, working in opposition to a governor.
So how that plays out on the coming days, we'll
have to see the California side that Mayor Karen Bass
and Governor Newsom have said that that deployment of the
(13:42):
National Guard is what is actually escalating tensions on the
street right now. I don't think those Guard troops are
going to be going away or back to their back
to their home. So it's it's a situation. I think Monday,
Monday morning, as that begins in California, we're gonna have
to see how this plays out again.
Speaker 4 (14:00):
And we've also heard Defense Secretary Hegseeth and President Trump
support the idea of bringing in marines from Camp Pendleton
if things continue to escalate, how seriously to take that
potential threat, you know, that would.
Speaker 15 (14:13):
Take it to another level as well. I mean, of course,
there is you know, this law from the late eighteen
hundreds of possecomatatis law that says you really you cannot
deploy active duty US forces on US soil in that way.
So it would be an unprecedented move if the Trump
administration tried to go in that direction. So far, we
(14:33):
haven't seen that full two thousand, those full two thousand
troops that were authorized by the White House out there.
I would expect that would be the next step if
this does continue to escalate.
Speaker 4 (14:44):
And while we see this fight now between President Trump
and local leaders in California, it seems as though Republicans
are trying to get past the fight between President Trump
and Elon Musk over the big beautiful bill. Where does
that things? Where does that stand in our last minute bill?
Speaker 8 (15:00):
Yeah, the bill is listen.
Speaker 15 (15:01):
The Senate Finance Committee is expected to put out their
draft of that legislation in any time early this week,
most likely. You know, we know what the sticking points
are going to be the salt. The state local tax
deduction is going to be a big part of That's
that puts a three hundred and fifty billion dollar hole
in the budget that the Senate Republicans may be looking
(15:24):
to tweak. It's also those changes to Medicaid that some
Republicans have been speaking out against ever since that legislation
passed the House. It's not going to be the same
bill as the House passed. That means it will have
to go back to the House. It's going to be
a lot of very tough negotiating to get to the
President's desk by July fourth.
Speaker 2 (15:42):
This is Bloomberg day Break, your morning podcast on the
story's making news from Wall Street to Washington and beyond.
Speaker 3 (15:49):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
Speaker 2 (15:55):
You can also listen live each morning starting at five
am Wall Street Time, Bloomberg eleven three to zero in
New York, Bloomberg ninety nine to one in Washington, Bloomberg
ninety two nine in Boston, and nationwide on Sirius XM
Channel one twenty one.
Speaker 3 (16:09):
Plus listen coast to coast on the Bloomberg Business App
now with Apple CarPlay and Android Auto Winterfaces.
Speaker 2 (16:15):
And don't forget to subscribe to Bloomberg News Now. It's
the latest news, whenever you want it in five minutes
or less.
Speaker 8 (16:22):
Search Bloomberg News Now on your.
Speaker 2 (16:24):
Favorite podcast platform to stay informed all day long. I'm
Nathan Hager and.
Speaker 8 (16:29):
I'm Lisa Matteo.
Speaker 3 (16:30):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Daybreak
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