Episode Transcript
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Speaker 1 (00:00):
Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2 (00:10):
Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today.
Speaker 3 (00:15):
Karen, we begin with a pair of incidents that are
putting national security back in the spotlight at the start
of the year. First in New Orleans, where a man
drove a rented pickup truck into a crowd of New
Year's revelers in the French Quarter. At least fifteen people
were killed, dozens more wounded. This man says he witnessed
the rampage trek.
Speaker 2 (00:35):
Hates the corner and comes barreling through people, throwing people
like like a movie scene, like real.
Speaker 4 (00:41):
Life, throwing people into the air, they falling.
Speaker 5 (00:43):
Under the car.
Speaker 3 (00:44):
The driver was killed in a shootout with police. He's
been identified as shamsudn Jabbar, a forty two year old
Army veteran from Texas. Alithia Duncan is the Assistant Special
Agent in charge of the FBI's New Orleans Field Office.
Speaker 4 (00:58):
We do not believe the.
Speaker 3 (00:59):
Javar was slowly responsible.
Speaker 1 (01:01):
We're aggressively running down every lead, including those of his
known associates.
Speaker 3 (01:06):
FBI Special Agent Aalithia Duncan says authorities found an Islamic
state flag in the pickup truck, along with two improvised
explosive devices. She says more potential IEDs were found in
the French quarter. This attack happened hours before the Sugar
Bowl was set to kick off at the Caesars super
Dome in New Orleans. That game has been postponed to
today well Nathan.
Speaker 2 (01:27):
Hours after the New Orleans attack, an incident in Las
Vegas piled onto the security concerns. A Tesla cyber truck
pulled up to the Trump Las Vegas Hotel and exploded,
killing the driver and injuring seven others. Kevin mcmayhill as
the Las Vegas sheriff.
Speaker 6 (01:43):
It pulled right up to the glass entrance doors of
the hotel. We saw that smoke start showing from the
vehicle and then a large explosion from the truck occurs.
Speaker 2 (01:56):
Sheriff mcmayhill says fuel canisters and fireworks more are found
inside the cyberg truck. Tesla CEO Elon Musk says the
company has confirmed the blast was not caused by the
vehicle itself, and he's suggesting it could be linked to
the New Orleans attack. President Biden says law enforcement is
probing both incidents, and he sent a message to the
(02:16):
people of New Orleans.
Speaker 7 (02:18):
To all the families of those are killed, to all
those are injured, to all the people of New Leans.
We're grieving today. I want you to know I agrieve
with you. Our nation grieves with you.
Speaker 2 (02:30):
President Biden addressed the nation last night from Camp David
think Care.
Speaker 3 (02:33):
And both incidents come less than three weeks before Donald
Trump is sworn in as president. We get more on
the President elect's reaction from Bloomberg Television Managing editor Miles Miller.
Speaker 4 (02:43):
President, like Donald Trump, who takes office on January twentieth,
Calby's attacks an urgent reminder of the need for robust
national security. Of course, the FBI is probing both of
these crime scenes, and Donald Trump has pledged to replace
the FBI director, who's already nominated someone to be Homeland
Security chief. But this highlights the need for robust domestic security.
(03:07):
When we talk about everything from homegrown terrorism to attacks
from ISIS and the like. This threat of homegrown terrorism
is not new.
Speaker 3 (03:16):
Bloomberg Television Managing editor Miles Miller says President elect Trump
also used the incident to a sale crime and border security,
suggesting before the suspect was identified as an American Army vet,
that he may have been a migrant.
Speaker 2 (03:29):
Well, we turned to the markets now, Nathan, and it
wasn't such a great beginning for stocks in Asia. In fact,
Chinese stocks say their worse start to a year and
nearly a decade. We get more from Bloomberg Markets reporter
Mark Cranfield in Singapore.
Speaker 8 (03:41):
A little surprising in some respects when all the effort
the Chinese authorities were making towards the end of last
year to remind investors about all the stimulus they're doing
and all the positive aspects in terms of trying to
promote growth in twenty twenty five, and yet here we
are with little sign that they're doing anything today, and
even a speech from President Seaging Ping at the end
(04:02):
of last year doesn't seem to have rallied the market
at all.
Speaker 2 (04:05):
And Bloomberg's Mark Cranfield says stocks in China plunged two
point nine percent in Hong Kong's Hang Sing Index led
two point two percent.
Speaker 3 (04:13):
Nice for US markets, Karen futures are higher as we
kick off the new year following gains of twenty four
percent for the S and P five hundred and twenty
twenty four for more. Let's bring in Bloomberg's John Tucker. Though, John,
we did end the year on something of a sour no,
didn't we?
Speaker 9 (04:28):
Yeah, good morning, Nathan. A four day slump in fact
marked the end of twenty twenty four. But keep in mind, Nathan,
the period known for the so called Santa Claus rallies
also includes the first two trading days of the year,
So not over just yet. Now, last year did mark
the best two year run for the S and P
five hundred since the late nineteen nineties. The magnificent seven
(04:49):
megacaps power to surge of more than fifty percent of
the benchmark index since the start of twenty twenty three.
That was amid enthusiasm, of course, around artificial intelligence at
AI arling in Vidia was up for the year one
hundred seventy nine percent. So what's ahead? Looking forward? There's
at least one key for portfolio manager Matt Stuckey at
(05:10):
Northwestern Mutual.
Speaker 10 (05:11):
The path of interest rates and the level of interest
rates has really dictated winners and losers in the economy
as well as in the markets.
Speaker 9 (05:18):
And investor is also waiting to see if the AI
story is going to broaden out to the rest of
the market. That would mean that earnings growth would be
supported not just by the mag seven but also other
sectors of the S and P five hundred. You know
yourcom John Tucker, Bloomberg.
Speaker 2 (05:33):
Radio, All right, John, thank you. About twenty twenty four
was one of the best years for cryptocurrencies on record,
led by regulatory approval for spot bitcoin ETF and President
Elect Trump's win. In fact, bitcoin rallied one hundred and
twenty percent last year. We're checking bitcoin right now it
is higher, up one point nine percent at ninety six
five hundred dollars.
Speaker 3 (05:53):
And gold's edging higher as well, Karen, after notching its
biggest annual gain since twenty ten. It searched twenty seven
percent in twenty two twenty four Traders assessing prospects for
a slower pace of monetary easing by the Fed in
twenty twenty five, and checking gold right now, it is
hired by about two tenths of one percent at twenty
(06:13):
six hundred and forty five dollars and ninety cents pronounce,
and it's time.
Speaker 2 (06:21):
Now for a look at some of their stories making
news in New York and around the world. And for
that we're joined by Bloomberg's Michael Barr. Happy New Year, Michael.
Speaker 11 (06:28):
Happy New Year to you, Karen. The New York Police
Department says that it was not a terrorist attack after
ten people were shot outside of Jamaica Queen's nightclub on
New Year's Day. It was believed to be a private
event with dozens inside. Police said several males walk toward
the venue and opened fire in the direction of a
group standing in line outside the event. In my PD,
(06:51):
Chief of Patrol Philip Rivera spoke to ABC seven, there's.
Speaker 6 (06:54):
Zero tolerance for these senseless shootings, these horrible acts of
violence on our streets.
Speaker 3 (07:00):
As old responsible for this crime will be apprehended.
Speaker 11 (07:04):
And brought to justice. Chief Rivera says the victims were
between the ages of sixteen and twenty and are expected
to survive. A forty five year old man remains hospitalized
after being shoved onto the path of an oncoming subway
train in Manhattan. The victim remains in stable condition with
broken ribs and a fractured skull. This woman was in
the subway station and saw the incident. Unfold.
Speaker 10 (07:26):
Something needs to be done. I don't know if it's
enhanced security in the subways, help for mentally ill people
in the streets. It was terrifying.
Speaker 11 (07:37):
A twenty three year old from Brooklyn, Kamil Hawkins, has
been charged in the attack. At least three people were
killed in a fireworks explosion in a Honolulu area neighborhood
just before midnight on New Year's Eve. At least twenty
others were injured. Hawaii Governor Josh Green described the explosion
area as gruesome.
Speaker 3 (07:55):
There's organic material from our loved ones on the windows
of the building, across the street and the cars. I mean,
that's what our first responders had to deal with.
Speaker 11 (08:05):
Governor Green said that they will take steps to crack
down on the use of illegal fireworks. President Joe Biden
will give the second highest civilian award to Liz Cheney
and Benny Thompson, the lawmakers who led the congressional investigation
into the violent January sixth Capitol riot by Donald Trump supporters.
Trump has said both should be jailed. Biden will award
(08:25):
the Presidential Citizens Medal to twenty people today, including Americans
who fought for marriage equality. Former New York City Mayor
Rudy Giuliani is fighting to keep one gleaming set of
sports memorabilia in the family, Yankees World Series rings, bestowed
to him by the team's late owner, George Steinbrenner. It
comes as Giuliani has to satisfy at one hundred and
(08:47):
forty eight million dollar defamation verdict. Global News twenty four
hours a day and whenever you want it for the
Bloomberg News Now, Michael Barrn, this is Bloomberg. Karen.
Speaker 2 (08:56):
All right, Michael barr thank you time now for the
Bloomberg Sports Update, brought to you by Tri State out
you and we bring in John stash Hour and a
happy New Year to you as well.
Speaker 5 (09:09):
John, and to you Karen as well, thanks to New
Year's Day. College football playoff quarterfinals had an epic thriller,
a blowout, and a postponed with a Sugar Bowl Georgia
Notre Dame. Instead, we played today starting at four, postponed
after the tragedy that took place in New Orleans. Today
began with the Peach Bowl in Atlanta. Furious comeback by
Arizona State Sun Devils trailed heavily favorite Texas by sixteen
(09:31):
points with six and happiness to go. Regulation ended with
two Arizona State touchdowns, two two point conversions, and two
Texas missed field goals.
Speaker 11 (09:40):
Won on the last play that went off.
Speaker 5 (09:42):
The upright in Arizona State was looking good at overtime,
having scored and having forced Texas into a fourth and long.
Speaker 9 (09:48):
Ready to take the snap. Has the snap four to
thirteen yours looking fires. He's got golden opening peak on
touchdowns exist two golden strikes again tonight forty.
Speaker 8 (10:01):
Down fourteen to the love one scoring.
Speaker 5 (10:04):
Touchdowns Miirfield Radio. Then they scored on the first play
of the second ot and an interception sealed the Texas
win thirty nine thirty one. At the Rose Bowl, Ohio
State scored a min and a and led thirty four
to nothing. Went on to wall up top seat at
Oregon forty one twenty one. So it'll be Texas against
Ohio State in the semifinals a week from tomorrow in Dallas.
The next back of the Guard, they beat Utah one
(10:25):
nineteen one oh three. They've now won nine in a row.
Jalen Brunson set out with an injured calf, so Karl
Anthony Town stepped up thirty one points, twenty one rebounds.
Then that's lost in Toronto, won thirty to one thirteen.
The Devil's got shut out in La three nothing. When
the Giants closed out the season Sunday in Philadelphia, they
will not face their old friend Saquon Barkley. The Eagles
don't want to risk an injury before the playoffs, so
(10:47):
Barkley will fall one hundred and one yards short of
the all time single season rushing records still held by
Eric Dickerson back in nineteen eighty four. John stashewa Bloomberg
Sports Karen and Nathan.
Speaker 1 (11:00):
Coast to coast on Bloomberg Radio nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 3 (11:11):
Good morning, I'm Nathan Hager. The new year is beginning
with new concerns about national security after a truck attack
in New Orleans and a cyber truck explosion outside the
Trump Hotel in Las Vegas within hours of each other.
On New Year's Day, President Biden is urging Americans not
to jump to conclusions, but he does say this, I know.
Speaker 7 (11:31):
I can speak for all Americans, and I say our
hearts were the people in New Orleans after despicable attack
that occurred in early morning hours.
Speaker 3 (11:40):
I'm President Biden, addressed the nation last night from Camp David.
This morning, were joined by Bloomberg News Senior editor Bill
Ferries for the latest on both these incidents. And first off, Bill,
the question that I think a lot of Americans are
asking you this morning is whether there's any indication that
these two incidents could be related.
Speaker 9 (11:58):
Good morning, Hey.
Speaker 10 (12:00):
Good morning, Nathan, Thanks for having me. Yeah, that is
one key area of investigation now. So far, authorities have
given us a lot more details about what happened in
New Orleans versus what took place in Las Vegas. It's
not clear at all if there is a connection. There
is one thing that we do know, and that the
(12:20):
vehicles in both of these attacks were rented from the
same app, Turo, which a lot of people use to
do short and long term car rentals directly from owners.
That may or may not really mean anything. At this point.
What investigators are saying is that the suspect in the
(12:42):
attack in New Orleans, he was a forty two year
old Army veteran and American. He did appear to have
some explosive devices in his vehicle. There are also reports
from officials that there were potential explosive devices found elsewhere
in the French quarter there in New Orleans. The suspect
(13:03):
also had a flag showing support for Islamic State. President
Biden said he had recorded that the suspect had recorded
a video showing support for Islamic State as well before
the attack. But we don't know if there's really any
connection to what we saw happen outside that Trump hotel
in Las Vegas just a few hours later.
Speaker 3 (13:25):
Well, let's talk a little bit more about what we
do know about this suspect. You mentioned the Islamic State
flag and improvised explosive devices found in his truck, But interestingly,
he was also an American Army veteran. I mean, what
does that tell you.
Speaker 10 (13:42):
Yeah, there was a post from you know, President elect
Donald Trump soon after the attack saying that, you know,
suggesting that maybe this was someone who had come into
the country illegally. What we do know so far, as
you said, forty two year old Army veteran from Texas
who died at the sea, possibly in a shootout with
police there. It sounds like there is a report of
(14:05):
the New York Times that that the suspect, Shampsu den Jabbar,
did some did a tour of with with the military
in Afghanistan. We don't have a lot of other details.
In particular, officials have said that there he may have
had some help. We don't know that for sure yet.
They're talking to acquaintances, They've gone taken the investigation back
(14:28):
to Houston to look to see if there are any
leads there, and they're calling on the public for any
any help the public can provide in terms of what
may have been going on in this person's life, what
they may have been talking about recently, what led up
to all of this tragic evening.
Speaker 3 (14:45):
And in terms of the cyber truck explosion in Las Vegas,
you mentioned that there's a lot more detail that we
seem to know about the New Orleans incident. But what's
the latest of what investigators have learned in Las Vegas.
Speaker 10 (14:59):
Well, inves they're tracking some of the closed circuit TV
from around the area. There's reports that the cyber truck
may have driven by the Trump Hotel about an hour
before it pulled up right in front. Video that police
released from that attack or incident. Show smoke coming out
of the cyber truck ahead of an explosion, and then
(15:22):
after that explosion takes place, after that fire kind of
envelops the vehicle. You see fireworks exploding all over the place.
We don't yet know if there was a bomb that
went off or if it was some other kind of
explosive massive amount of fireworks. We're not sure beyond that
what happened, but certainly terrorism is something that officials are
(15:46):
looking at at this point.
Speaker 2 (15:48):
This is Bloombergy day Break, your morning podcast on the
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Speaker 3 (15:54):
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Speaker 2 (16:01):
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Speaker 3 (16:15):
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Speaker 2 (16:21):
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Speaker 3 (16:34):
And I'm Nathan Hager. Join us again tomorrow morning for
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Speaker 2 (16:40):
Dabray