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April 23, 2024 17 mins

On today's podcast:1) Hundreds Arrested at Elite College Campuses

2) Testimony Under Way at former President Trump's Hush Money Trial

3) Tesla Investors Gear Up for Key Earnings

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Episode Transcript

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Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, radio news. Good morning, I'm Nathan
Hager and I'm Karen Moscow. Here are the stories we're
following today.

Speaker 2 (00:16):
We begin with demonstrations on college campuses across the country
tied to the Israel Hamas conflict in Gaza. More than
one hundred students were arrested last week for trespassing at
a pro Palestinian rally at Columbia University. Now similar protests
are cropping up at other elite institutions. Early yesterday, police
at Yale arrested sixty people, including forty seven students. Protesters

(00:39):
established an encampment as well at a central building on
the campus of MIT. Some of these demonstrations have featured
anti Semitic and intimidating chants and posters. President Biden responded
yesterday as he left an Earth Day event in Virginia.

Speaker 3 (00:55):
I condemn that a protests.

Speaker 4 (00:56):
That's why I've set up I programmed to do with that.

Speaker 5 (01:00):
I also condemned those who don't understand what's going on
with the Palestinians ya pisident.

Speaker 2 (01:05):
Biden is expressing concerns about anti Semitic violence during this
week's Passover holiday. The protesters say their goal is to
draw attention to the humanitarian concerns in.

Speaker 4 (01:14):
Gaza, Well Nathan.

Speaker 1 (01:16):
The protests have drawn condemnation from not only the White House,
but billionaire university donors are speaking out as well. New
England Patriots owner Robert Kraft is pulling his support for
Columbia University over the treatment of Jewish students and faculty
during the protests. He tells Fox News, this is unacceptable.

Speaker 6 (01:35):
I just can't believe in New York City, at Columbia University,
Jewish students are afraid to go to classes. It's just
in the United States of America in twenty twenty four.

Speaker 4 (01:50):
It's amazing to me.

Speaker 1 (01:51):
And the horrible and the announcement from Bob Kraft, a
former Columbia student and major donor, adds to pressure on
the university, whose president is facing calls by members of
Congress to resign. Billionaire Leon Cooperman is also weighing his
support for Columbia, calling the protesters quote crazy and saying
they need to be controlled and Karen.

Speaker 2 (02:12):
These protests come as Israel returns its focus to the
city of Rafa. Israel wants to eliminate what it says
is the last remaining Hamas stronghold in Gaza. A potential
invasion of that Egyptian border city is reviving international concerns
about the fate of about a million civilians sheltering there.
The US has strongly urged Israel not to invade the

(02:32):
densely populated city.

Speaker 1 (02:34):
Meanwhile, Nathan the US Secretary of State, is denying a
human rights double standard for Israel. Anthony Blenkin told reporters
in Washington yesterday that the US is examining allegations of
human rights and international law violations in Gaza by both
Israel and Tomas.

Speaker 7 (02:51):
We are looking into reports incidents that are brought to
our attention, and we have a process to do that,
particularly if there are questions about whether US arms have
been involved.

Speaker 1 (03:06):
And Secretary of State Anthony Lincoln's comments follow the State
Department's release of its twenty twenty three country reports on
human rights practices.

Speaker 4 (03:14):
And turning the focus to China.

Speaker 2 (03:15):
Now, Karen Apple's iPhone sales in the country have seen
their worst performance since twenty twenty. That's according to data
from the independent research firm Counterpoint. It says sales in
China fell nineteen percent in the first quarter. In contrast,
Huawei saw its sales climb by almost seventy percent over
the same period. Bloomberg's edwin Chan has more details from

(03:36):
Hong Kong.

Speaker 8 (03:37):
This is the first kind of real snapshot of what's
happening in China. What it is is Apple's popularity has
been steadily declining, I think around the time, but certainly
not just off the Huawei released it's now infamous sixtiespotful
into one fifty advanced made in China Chip. I think
what that was was kind of a wake up call

(03:59):
to many of humus within the country that local brands
can all perform.

Speaker 2 (04:04):
And Blueberg's edwin Chen notes China remains one of Apple's
biggest markets, but sales there have struggled after Beijing escalated
a ban on foreign devices in state backed firms and
government agencies.

Speaker 1 (04:16):
Well Nathan focusing on politics in the US, it's a
Senate's turn to vote on four and eight on Capitol Hill,
and Bloomberg's Amy Morris has a preview from Washington.

Speaker 9 (04:24):
Senators had planned to spend this week taking part in
congressional delegations around the world or meeting with constituents back
in their home states. Instead, They're back on Capitol Hill
for the first votes on a ninety five billion dollar
four and aid package. They'll start with a key test
vote cloture to limit debate before a final vote to
pass the bill. Now, this bill includes nearly sixty one
billion dollars in eight for Ukraine, more than twenty six

(04:47):
billion dollars for Israel, and more than eight billion dollars
for the Indo Pacific. It also includes measures to seize
Russian assets, require TikTok's Chinese owner to divest the app,
and impose sanctions on Iran. The votes are set to
take place this afternoon in Washington. Amy Moore as Bloomberg Radio.

Speaker 2 (05:04):
All right, Amy, thank you. Speaking of TikTok, the company's
gearing up to fight any US ban or order to divest.
Bloomberg's Ed Baxter has that part of the story.

Speaker 10 (05:14):
TikTok says it will move to the courts for a
legal challenge. It sets up a water shed battle that
could set a path for Chinese business in the US.
Four years ago, when the Trump administration threatened the ban,
Byte Dance worked out a preliminary deal to sell it
will not happen this time. Its sizzling growth makes it
hard to part ways China's moves on Huawei and is

(05:37):
afraid it won't end with TikTok. It feels it may
be able to leverage support from users up to one
hundred and seventy million now ed Baxter, Bloomberg Radio.

Speaker 1 (05:47):
All right, and thanks so. Paulitaics are also front and
center in Manhattan, with more testimony on the way in
a hush money trial of former President Trump and Bloomberg's doing.
Grosso has a preview.

Speaker 3 (05:57):
Before testimony resumes this morning, Judge Wan Mrshawn will hold
a hearing on the prosecution's request to hold the former
president in contempt of court over social media posts that
prosecutors contend violated a gag order prohibiting Trump from attacking
key witnesses in the case. Then David Pecker, the former

(06:18):
publisher of The National Inquirer, will retake the witness stand
in New York. June Grosso Bloomberg Radio.

Speaker 4 (06:25):
Okay, June. Thanks.

Speaker 2 (06:26):
Now, we turn to the key earnings report due out
after the closing bell. Tesla reports its quarterly results this afternoon,
and Bloomberg's Doug Krisner says this report will be crucial
for the electric vehicle giant.

Speaker 5 (06:39):
So far this year, Tesla stock is down nearly forty
three percent. Sales have been slumping, inventories are high, there
have been confusing product decisions, and let's not forget those
price cuts in China. After the bell, Tesla is expected
to report a forty percent plunge in operating profit. Revenue
is expected to show its first decline in four years,

(07:00):
and gross profit margin is expected to be the lowest
in more than six years. Analyst Dan Ives of Webbush
calls it a moment of truth for Tesla. Ives recently
said the conference call and commentary will likely have a
huge impact in New York. I'm Doug Prisner, Bloomberg Radio.

Speaker 1 (07:16):
All Right, Doug, thank you, and taking a look at
the earnings calendar today. We'll also hear from Consumer Bell, weathers, PepsiCo,
and Ups. Tech giants Meta, Microsoft, and Alphabet report Wednesday
and Thursday. This week. We'll also hear from exun Mobile
and Chevron Friday. About one hundred and eighty companies report
this week, representing over forty percent of the S and
P market value. And it's time now for a look

(07:41):
at some of the other stories making news in New
York and around the world, and for that we're joined
by Bloomberg's Michael Barr Michael, good Morning, Good.

Speaker 11 (07:47):
Morning, Karen. Columbia University went to remote learning, and police
arrested dozens of students at Yale and New York University
as tensions over Israel's war with Moss continued to grow
on US college campuses.

Speaker 7 (08:02):
You have been warned by New York University to leave
the area.

Speaker 11 (08:06):
The moves at the Ivy League schools came hours before
last evening start of the Jewish holiday of Passover. New
York Governor Cathy Hockel says she met with the president
of Columbia University and NYPD officials to discuss public safety
initiatives as student protests continue on the New York City campus,
and a message posted to social media, Governor Hockle said

(08:28):
protests have reached a point where students are afraid to
walk on campus.

Speaker 4 (08:33):
People need to find their humanity.

Speaker 3 (08:36):
Have the conversations, talked to each other, understand different points
of view, because that's what college students should be doing.

Speaker 11 (08:42):
N MYPD Deputy Commissioner or Operations, Caz Dauntry.

Speaker 12 (08:46):
We haven't received any reports of any physical harm against
any student. However, if there's any student Jewish or whoever
that's been assaulted or wants to make a police fort
or wants to talk to the police, we encourage them
to Court nine.

Speaker 11 (08:59):
We work I knew Haven, Connecticut police spokesperson who said
about forty five protesters were arrested at Yale yesterday in
charged with misdemeanor trespassing. President Biden is heading to Tampa today,
where he is set to talk about reproductive freedom. The
President is expected to address Florida six week abortion ban
that goes into effect May first. Meanwhile, Vice President Harris

(09:21):
spoke at an event in Lacrosse, Wisconsin for reproductive Freedoms.

Speaker 4 (09:26):
More and more people will openly agree that one does.

Speaker 7 (09:30):
Not have to abandon their faith or deeply held beliefs
to agree the government should not be telling her what
to do with her.

Speaker 11 (09:38):
By without mentioning Donald Trump by name, Vice President Harris
said he appointed Supreme Court justices with the intent of
overturning Roe v.

Speaker 4 (09:46):
Wade.

Speaker 11 (09:47):
Finally, it looks like that two point seven billion dollar
renovation paid off at Newark Airport's terminal A. Skytrak named
it the world's best new airport terminal, glob News twenty
four hours a day and whenever you want it with
the Bloomberg News. Now, I'm Michael Barr, and this is
Bloomberg Karen.

Speaker 1 (10:07):
Sorry, Michael Barr, thank you, and it's time now for
the Bloomberg Spores Update with John Stashower.

Speaker 4 (10:17):
John, Good morning, Good morning, Carreen.

Speaker 13 (10:18):
Rememberable night at the garden when it was over Knicks
fans didn't want to leave Game two with Philadelphia Knicks
trailed at the half, but led by eight in the
fourth quarter, and then trailed by six with a half
minute remaining, they were down by five.

Speaker 4 (10:30):
It was time for an unforgettable sequence.

Speaker 13 (10:33):
Stavid Chenz over to the corner, bruntson with six pulls
for three off the rim and come the bounce, two
point game still loose.

Speaker 6 (10:41):
I don't hear a whistle.

Speaker 4 (10:42):
Heart took it away to David Chenz over for three,
missed it.

Speaker 13 (10:46):
Hart and Stein graps the offensive rebound and the Knicks
another shot. Stevid Chenz over three of the lead, thirteen
seconds to go. If be on the call, Nicks one
one oh four one on one brunts and hit that three,
but shot eight of twenty nine after going eight of
twenty six in Game one. Even with his struggles, Knicks
are up to nothing heading to Philly for Game three Thursday.

Speaker 4 (11:07):
Home teams are eleven to zero.

Speaker 13 (11:08):
When the NBA Playoffs, Cleveland Bea Orlando, Denver came from
twenty down in the second half beat the Lakers on
a Jamal Murray shot at the buzzer. Heartbreak for the
Islanders in Raley, they had a three nothing lead with
seven minutes left in the second period. The Hurricanes tied
the game with two fifteen remainting that scored again nine
seconds later.

Speaker 4 (11:26):
They won five to three.

Speaker 13 (11:27):
Lead the series two nothing Toronto, and on Austin Matthews
goal won three two at Boston to tie the series.
That won the hat trick for Zach Hyman in Edmonton
series opening seven to four win over La Vegas.

Speaker 4 (11:38):
Took the opener in Dallas four to three.

Speaker 13 (11:40):
The Yankees sleepwalk through a Monday matt and a two
nothing lost at the Stadium to the lowly Oakland A's.
They had only three hits. The Mets had four hits.
Lost in San Francisco five to two. The Jets found
a team to take Zach Wilson. He's going to Denver
with a seventh round pick. Jets get a sixth rounder.
In the twenty twenty one draft, five quarterbacks were taken
to the first fifth team picks. Just three years later,

(12:01):
for them no longer with the team they were drafted
by John Stashewer Bloomberg Sports Jar.

Speaker 1 (12:07):
Nathan all Right, John, thank you.

Speaker 11 (12:10):
Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
and around the.

Speaker 10 (12:15):
World on Bloomberg dot Com and the Bloomberg Business app.

Speaker 4 (12:19):
This is Bloomberg Daybreak. Good morning, I'm Nathan Hager.

Speaker 2 (12:23):
Some of the country's most elite college campuses are once
again a flashpoint in the debate over the Israel Hamas War.
But that debate has now turned into a crackdown, with
police arresting dozens, if not hundreds, of pro Palestinian demonstrators,
including students at Columbia, Yale and NYU, since last week.
For more, we are joined by Julie Norman, the professor

(12:44):
of Politics and International Relations at University College London. Julie,
it's good to speak with you once again.

Speaker 4 (12:50):
Good morning.

Speaker 2 (12:50):
I'd really be curious to get your perspective as an
academic yourself on these protests happening in the IVY leagues,
and the response that we're seeing from campus administration years
and police in many cases.

Speaker 14 (13:02):
Yeah, well, thanks and good morning, Nathan. I think what
we're seeing play out obviously just underscores the deep passions
the emotions that have surrounded this conflict for years and
often come out on college campuses and in other public
places as well. This is something it's a conflict that
is political and seems very far away in many places,

(13:23):
but also is very personal and very personal for many
students on campuses. I think it's particularly tricky because we
see campus administrators trying to balance between ensuring that the
campus feels safe for students, that students don't feel harassed
or discriminated against, while also at the same time trying
to protect free speech rights and the rights to protest

(13:45):
and demonstrate. And we see those two duties and obligations
essentially coming into conflict this week at these campuses.

Speaker 2 (13:52):
Yeah, it's a balance that we've seen these campuses really
struggle with since the early days of the war in Gaza,
when we saw the testimony on Capitol Hill from the
now former president of Harvard and m I T and
pen As.

Speaker 4 (14:10):
Well, and how that was received.

Speaker 2 (14:12):
Is there a risk that the response that we're seeing
now might have the pendulum swinging too far the other way?

Speaker 14 (14:20):
Well, I think that's certainly the way it's being perceived
by many, that this attempt to crack down on many
see work blatant disregard for student safety is maybe going,
as you said, too far in terms of trying to
crack down with police presence, with arrests, with suspensions, even
for students who you know, were simply engaged in peaceful protests.

(14:43):
And I would say it's again challenging for administrators in
protest situations when there are some in the protest mics
who are you saying, very saying messages that would not
be allowed on campus, even if the majority of those
are not, And how do you police that?

Speaker 4 (15:00):
How do you deal with that?

Speaker 14 (15:02):
They resorted to this method of simply trying to clear
the encampments, and as we've seen, that I think has
just increased the blowback and if anything, has just galvanized
the encampment movement on these campuses and on other campuses
as well.

Speaker 2 (15:16):
And it's a blowback that the President Biden has had
to confront as well. He was talking about it yesterday
in Virginia, saying he condemns the protest as anti Semitic,
saying that a lot of the students don't understand the
situation when it comes to the Palestinians. I wonder what
you make of the President's response in our last minute.

Speaker 14 (15:35):
Yeah, so you know, Biden has weighed in on this.
He's condemned the anti semitism. It's obviously becoming an increasingly
difficult path for him to walk in terms of campaigning
either on or near college campuses without having these calls
against his positions on Gaza. So I think he feels
this very directly. In terms of the protests themselves, again,
there's a lot of different messages in them. Some, I

(15:58):
would say, you know, the President do see very blatant
anti semitism. I think many involved in them think they
are just being critical of Israel. But I think the
President is right that there's a lot of different different
levels of knowledge and different levels of engagement with the
conflict from those who are at protesting, and that makes
any kind of response to them very difficult.

Speaker 2 (16:17):
This is Bloomberg day Break Today, your morning brief on
the stories making news from Wall Street. To Washington and beyond.

Speaker 1 (16:24):
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Speaker 2 (16:32):
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Speaker 2 (16:53):
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Speaker 3 (17:00):
I'm Nathan Hager and I'm Karen Moscow.

Speaker 1 (17:03):
Join us again tomorrow morning for all the news you
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