May 19, 2025 • 16 mins
On today's podcast:
1) New Jersey Transit and its locomotive engineers reached an agreement on a new contract, ending a three-day transit strike that disrupted trains for thousands of riders
2) Scottie Scheffler had every reason to worry the PGA Championship was slipping away. A five-shot lead on the front nine was gone in four holes. Every shot seemed to go left and he didn't know why. Jon Rahm was peeling off birdies and on the verge of tracking him down Sunday at Quail Hollow.
3) Longer-dated Treasury yields rose to the psychological 5% level and S&P 500 Index futures slid with the dollar after a downgrade of the US’s credit score by Moody’s Ratings increased concerns over the nation’s debt.
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Episode Transcript
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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 Karen Moscow. Here are the
stories we're following today.
Speaker 4 (00:15):
Karen will have more reaction to the US credit downgrade
in a moment. But first, New Jersey Transit and its
locomotive engineers have reached a contract agreement ahead of this
morning's Wall Street Commute. Let's get the very latest from
Bloomberg's John Tucker. John, Good morning, Good morning, Nathan, New Jersey.
Kevin to Phil Murphy, and how's the agreement on the
new contract.
Speaker 5 (00:36):
There's a real feeling that we landed in a really
good place. You could argue we.
Speaker 2 (00:41):
Thought that before.
Speaker 5 (00:41):
I understand that, but this time it really does feel
that way.
Speaker 6 (00:45):
But it will take an entire day to get the
system up and running, so train service that will resume
tomorrow now commuters are being urged to work home for
one more day. NJ Transit estimates it carries about three
hundred and fifty thousand rail passengers a day, including seventy
thousand who ride into New York City. The pact ends
the first railroad strike for the transit system in more
(01:05):
than forty years. Wage negotiations. They had been at the
center of the dispute the unions that had wanted parody
with engineers working at other major US railroads. The tenth
of the agreement must still be ratified by members of
the union and approved by members of the NJ Transit
Board of Directors. I'm John Tucker, Bloomberg Radio.
Speaker 3 (01:23):
All right, John, thank you all. Another news we're following
this morning. Scottie Scheffler as a PGH champion. He won
his third major title. Let me get the details of
the Bloomberg Sports. John Stashauer, John, good morning.
Speaker 2 (01:36):
Good morning Careen.
Speaker 7 (01:36):
Midway through the final round of the PGA, Scotty Jeffler
had blown a three shot lead, but he quickly went
back on top and then pulled away at a big
lead on the final hole.
Speaker 8 (01:45):
One last look at the hole for Shuffler. The potter
is back and threw on its way. He's missed it,
but that's okay. He'll go around the hole collect himself.
Conquers the Queens City at Quail Hollow.
Speaker 2 (02:04):
Scottie Suffler is.
Speaker 7 (02:06):
A pg Excipia TA sounded here on Bloomberg Radio. S
Scheffler becomes the third ever to win fifteen PGA events
and three majors before the age of twenty nine, and
the other two are Jack Nicholas and Tiger Woods. Back
shortly with reactions with the winner, John stasheh, we're Bloomberg Sports,
all right, looking forward to that, John.
Speaker 2 (02:23):
Thank you.
Speaker 4 (02:23):
First, though, let's turn to the markets, because stocks are
falling this morning. Treasuries are sliding this well. That's after
Moody's stripped the US government of its top credit rating,
cutting the rating one level to double A one from
triple A. On Friday, moody sighted the failure by successive
administrations to deal with rising US debt and deficits. This morning,
(02:44):
the yield for thirty year treasuries is trading above the
five percent level. It's now at five point zero one.
Treasury Secretary Scott Bessen is downplaying concerns over the Moodies downgrade.
Speaker 9 (02:56):
I think that Moody's is a lagging indicator. I think
that's what everyone thinks of credit agencies. Larry Summers and
I don't agree on everything, but he said that when
they downgraded the US in two thousand and eleven.
Speaker 2 (03:09):
So it's a lagging indicator.
Speaker 4 (03:11):
Treasury Secretary Scott Besson made those comments on NBC's Meet
the Press, which can be heard every Sunday right here
on Bloomberg Radio.
Speaker 3 (03:19):
Meanwhile, Nathan on Capitol Hill, President Trump's a giant tax
and spending cut bill has made it through the House
Budget Committee after a late night vote. Several Republicans who
held out against the legislation last week voted President last
night after winning an agreement to speed up cuts to Medicaid.
Pennsylvania Congressman Lloyd Smucker was one of those holdouts. Now
(03:39):
he says he fully supports the bill.
Speaker 9 (03:42):
This is a bill that will deliver the mandate that
the American people have given the president given Congress in November.
Speaker 3 (03:49):
And South Carolina Republican Ralph Norman said he wants to
see even deeper spending cuts.
Speaker 2 (03:54):
We've been downgraded three times.
Speaker 3 (03:57):
We have problems with the money in this country of
the day, and the bill faces even more hurdles before
it heads to the full House. Republicans from high tax
states are pushing for a higher limit on the state
and local tax deduction and the Medicaid cuts good face
opposition from moderate Republicans.
Speaker 4 (04:15):
Well Karen, President Trump and many world leaders are expressing
their support this morning for former President Joe Biden. He's
been diagnosed with an aggressive form of prostate cancer. The
eighty two year old Democrat is reviewing treatment options with
his doctors. Speaking to ABC News, doctor Stephanie Widmer said
more needs to be known about the former president's condition
to understand what treatments are available.
Speaker 10 (04:37):
Prosely, cancer in general is a treatable form of cancer,
even if it cannot be cured, and a lot of people,
even elderly people, can live with it for a long
period of time.
Speaker 4 (04:47):
Again, that was doctor Stephanie Widmer speaking with ABC News.
President Trump wrote on truth Social that both he and
the First Lady wish the former president of fast and
successful recovery.
Speaker 3 (04:57):
Now we want to get to the latest on efforts
to the war in Ukraine, Nathan. President Trump is set
to hold a phone call this morning with Russia's Vladimir Putin.
That's after Ukrainian President vladimir's Lenski met with Vice President
jd Vance at the Vatican yesterday. It was all smiles
after their infamous Oval Office blow up back in February.
Secretary of State Marco Rubio says President Trump is prepared
(05:20):
to back new sanctions on Russia if today's talks don't
go well.
Speaker 11 (05:24):
Going back six or seven weeks, we've been communicating to
the Russian side that this effort was being undertaken, that
we anticipated that when all was said and done, it
would have close to eighty co sponsors in the Senate
and I imagine a comparable percentage of support in the House.
That was an effort we couldn't stop and don't control.
Speaker 3 (05:41):
Secretary have started. Marco Rubios book on CBS's Face the
Nation heard Sundays on Bloomberg Radio, but sources tell Bloomberg
News Putin feels he has a strong hand heading into
today's talks. They say Putin is confident his forces can
break through Ukraine's defenses and four regions he's claimed for
Russia by the end of the year, unlikely to offer
any meaningful concessions, and.
Speaker 4 (06:02):
Another gedopolitical development, Karen The UK and the European Union
are expected to signal a new era of climate cooperation
by pledging to link their carbon markets to avoid trade
levies and reset post Brexit relations. That's according to a
draft document seen by Bloomberg News. The move comes as
part of today's UK EU summit, which aims to improve
(06:23):
relations five years after Britain left the block and.
Speaker 3 (06:27):
Taking a look at tech, Nathan and Vidia CEO Jensen
Wong unveiled new technologies, including faster chip systems and software
to sustain the boom and demand for AI computing in Taiwan.
Speaking at the Computex AI exhibition in Taipei, Long announced
in Vidia's and deepening partnerships with Taiwanese companies.
Speaker 12 (06:45):
Today we're announcing Fox Con Taiwan, the Taiwanese government, Nvidia TSMC,
We're going to build the first giant AI supercomputer. Is
there anybody who needs an AI computer?
Speaker 3 (07:01):
And n Video CEO Jensen Wong added that in Q
three of this year, it'll introduce updates to the ecosystem
around in Video's accelerator chips. Time now for a look
at some of the other stories making news in New
York and around the world. For that, we're joined by
Bloomberg's Michael Barr. Michael, Good morning, Good.
Speaker 13 (07:19):
Morning, Karen. The NTSB is now investigating how a Mexican
Navy sailboat crashed into the Brooklyn Bridge over the weekend
in New York City. Two people were killed and more
than a dozen were injured. New York City Police Chief
Wilson Aaron Bullis says the ship lost power in the
East River.
Speaker 14 (07:37):
The captain that was maneuvering the ship lost power of
the ship in the current mechanical function caused the ship
to go right into the pillar of the bridge, heading
the mass of the ship where there was a couple
of sailors on top.
Speaker 13 (07:57):
Authorities saying there was no structuralamage to the bridge. More
severe storms are expected to roll across the central US
this week, following the weather related deaths of more than
two dozen people. Forecasters say their hazardous weather will range
from thunderstorms and potentially baseball sized hail on the plains
the dangerous heat in the south. Israel announced the start
(08:20):
of a new extensive ground operation in the Gaza Strip. Meanwhile,
Democrats are raising questions about President Trump's pledge to get
aid into Gaza. Congressman Row Kanna of California.
Speaker 7 (08:32):
That aid is conditional on Palestinians moving to the south
of Gaza, and all of the aid groups are saying
that's not enough.
Speaker 13 (08:40):
Congressman Conna spoke on ABC's This Week Heard Sundays on
Bloomberg Israel said it would allow a basic amount of food,
saying it didn't want a hunger crisis to jeopardize its
new military offensive. The New York Police Department used metal
detectors to screen spectators at the annual Israel Day Parade
alongside other lawmakers. Governor Hokel marched with the parade on
(09:03):
Fifth Avenue in Manhattan, noting she visited Israel after the
October seventh attack nearly two years ago.
Speaker 2 (09:09):
Never in the.
Speaker 15 (09:10):
Wildest dreams did I think that five hundred and eighty
nine days later, there's still be sixty sixty hostages waiting
to come home, some alive.
Speaker 3 (09:20):
And some have not made it.
Speaker 13 (09:22):
Also an attendant Senator Chuck Schumer and New York State
Attorney General Latitia James. Global News twenty four hours a
day and whenever you want it with the Bloomberg News. Now,
I'm Michael Barran. This is Bloomberg Carron.
Speaker 3 (09:34):
All right, Michael Barr, thank you. Time down to the
Bloomberg Sports Update. Did we bring back John Stashower, John,
good morning.
Speaker 2 (09:44):
Good morning. Karen has heard earlier.
Speaker 7 (09:46):
Scottie Scheffler adds the Wannamaker Trophy to the two Green Jackets.
Speaker 2 (09:50):
He's one of the masters. The world number one.
Speaker 7 (09:52):
Said later that winning the PGA at quil Hollow wasn't easy.
Speaker 16 (09:55):
Felt like this was as hard as I've battled for
a tournament in my career. I mean, this was a
pretty challenging week. I mean the first two days I
did not swing at my best, and I was able
to post the score somehow, And you know, outside of
the last five holes yesterday, you know, that's where I
really kind of put myself ahead in the tournament.
Speaker 7 (10:13):
And he won by five shots. Rice in the shambo
for this time for second Sean Rom finished tied for eighth.
Speaker 2 (10:18):
He had tied Sheffler on his.
Speaker 7 (10:19):
Eleventh hole, but Rom played the last three holes the
so called green mile in plus five. Asked the Subway
Series second game in a row with the Mets.
Speaker 2 (10:27):
And the Yankees were tied to two and the eighth
in ning.
Speaker 7 (10:29):
The Mets won Saturday, but the last night at the stadium,
the Yankees put up six runs in the eighth. The
rally ended with a Cody Bellinger grand slam and eight
to two Yankee win. Bellinger had a two run double
in the first inning and also walk three times. Then
Nationals a weekend sweep with a struggling Orioles, who just
made the managerial change. Mets won ten to four at Fenway.
Red Sox lost ten to four to with Land in
(10:49):
the Sox post. The Mets tonight parable offside in Game
seven's Oklahoma City, who won Game two from Denver by
forty three points, won Game seven by thirty two. Shay
gild Alexander expected to this week be named NBA MVP
Sport thirty five points. The Thunder are in the West
Finals first time since twenty sixteen. They'll play Minnesota. The
series starts tomorrow, a day ahead of Mixed Pacers Game
(11:12):
one at the Guard and the Florida Panthers won Game
seven in Toronto six to one. Will now play Carolina
and the Stanley Cup East Final. Carlos Algaraz beat the
world number one Yonix Center in the Italian Open final
on Israel's Robert Schwarzman, who became the first rookie driver
in forty three years to win the Indy five hundred
pole position.
Speaker 2 (11:31):
Johns Stasha were Bloomberg Sports Canady.
Speaker 1 (11:36):
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 4 (11:47):
Good morning, I'm Nathan Hager, and it is the news.
Hundreds of thousands of commuters in and out of New
York City had been waiting all weekend to hear.
Speaker 5 (11:54):
New Jersey's first rail strike in decades has officially come
to an end.
Speaker 4 (12:00):
New Jersey Governor Phil Murphy last night after NJ Transit
reached an agreement with locomotive engineers on a new contract,
ending a strike that began early Friday morning for the
busiest commuter region in the country. Joining us from the
center of it this morning, Penn Station once again Bloomberg's
Monica Ricks Monica. Great to have you back with us.
So what was the final breakthrough that got us to
(12:21):
this tentative agreement?
Speaker 17 (12:22):
Good morning, Good morning, Nathan. And we actually don't know
a whole lot of details here. We just know that
the governor said that the deal had a very good outcome.
So we'll get to know the details, including how much
they agreed to pay these workers, once the vote is done.
Once the New Jersey Transit Board approves this deal, those
deal and details will become public later. But again, the
(12:43):
governor said that it was fair, and it was fair
to workers as well as being affordable to the meters
and to tack players as well, So don't expect a
hike or any sort of hike because of it, as
they came to this agreement.
Speaker 4 (12:58):
But in the meantime, of course, it's been such a
issue for consumer or for commuters since early Friday morning
when this strike first got underway. Give us a sense
of just how tough it's been over the last few
days and into the weekend.
Speaker 17 (13:13):
Well, the governor had urged people to work from home
and has made the same flee to employers today, these
let your workers work from home, and essential workers, you know,
can take buses. They're actual charter buses rolling in and
out of New Jersey today, but you won't cover the
three hundred thousand plus riders that commute every day. So
(13:38):
a sigh of relief for a lot of people, not
just the workers, but all these daily commuters. And I'm
sure with New Jersey Transit and state workers as well,
who've taken months to hammer out this deal.
Speaker 4 (13:50):
And I mean, it was a tough weekend as well,
wasn't it. I Mean, there was a Shakira concert going on,
and so many other events that were impacted by this
stoppage of survey from New Jersey into the city.
Speaker 17 (14:02):
Right there was no rail service for that concert. In fact,
they can to Thursday night preemptively knowing that those talks
weren't going to go anywhere. And then the Oday fans
were sort of watching the talks as well, because in
two weeks her concert is going to be out of
New Jersey and there's a lot of people that go
to those and I'm sure they were worried about how
they were going to get to and from that content.
Speaker 2 (14:24):
So how are things looking this morning?
Speaker 4 (14:25):
From where you sit at Penn Station, you're seeing evidence
that the commuter is looking lighter than normally would at
this time of the morning.
Speaker 8 (14:32):
Oh.
Speaker 17 (14:32):
Absolutely. I mean it's pretty quiet around this time either way,
because you know, it's still very early in the morning
for a lot of people. But if you go down
into Penn Station, the tracks are blocked off and even
the escalators are blocked off. Today there are some extra
workers answering questions for any commuters who may not know
what's going on or may not know that, you know,
talks have sort of concluded and there's a deal that's
(14:54):
been done, and then there's announcements that are going that
are ongoing for commuters to let them know that there's
no rail service today, but that things will pick up
again tomorrow once in stepsons are done and things get
back to normal.
Speaker 4 (15:08):
So given that in our last thirty seconds, what kind
of lingering impact can we expect from this three days strike?
Speaker 17 (15:15):
I think just the fact that there is no rail
service again today is going to put a lot of commeters,
you know, at a disadvantage, not just because they have
to figure out how to get to work if they
have to get to work, but because they're competing with
the other commuters for say a seat on a charter bus,
or they have to pay a little bit more to
take the amtrak or the path, whatever it may be.
(15:36):
That they sit in a little extra traffic this morning
because you know, there are more people on the road.
So there are lingering effects today, but again rail service
will review tomorrow, so hopefully there won't be as many issues.
Speaker 3 (15:48):
This is Bloomberry day Break, your morning podcast and the
stories making news from Wall Street to Washington and beyond.
Speaker 4 (15:55):
Look for us on your podcast feed by six am.
Eastern each morning on Apple, Spotify, or anywhere else you listen.
Speaker 3 (16:01):
You can also listen live each morning starting at five
am Wall Street Time on Bloomberg eleven three to zero
in New York, Bloomberg in ninety nine to one in Washington,
Bloomberg ninety two nine in Boston, and nationwide on serious
XM Channel one twenty one.
Speaker 4 (16:15):
Plus listen coast to coast on the Bloomberg Business app
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Speaker 3 (16:21):
And don't forget to subscribe to Bloomberg News Now. It's
the latest news whenever you want it in five minutes
or less. Search Bloomberg News Now on your favorite podcast
platform to stay informed all day long. I'm Karen Moscow.
Speaker 2 (16:34):
And I'm Nathan Hager.
Speaker 4 (16:35):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Day
Bray
Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2 (00:10):
Good morning.
Speaker 3 (00:10):
I'm Nathan Hager and I'm Karen Moscow. Here are the
stories we're following today.
Speaker 4 (00:15):
Karen will have more reaction to the US credit downgrade
in a moment. But first, New Jersey Transit and its
locomotive engineers have reached a contract agreement ahead of this
morning's Wall Street Commute. Let's get the very latest from
Bloomberg's John Tucker. John, Good morning, Good morning, Nathan, New Jersey.
Kevin to Phil Murphy, and how's the agreement on the
new contract.
Speaker 5 (00:36):
There's a real feeling that we landed in a really
good place. You could argue we.
Speaker 2 (00:41):
Thought that before.
Speaker 5 (00:41):
I understand that, but this time it really does feel
that way.
Speaker 6 (00:45):
But it will take an entire day to get the
system up and running, so train service that will resume
tomorrow now commuters are being urged to work home for
one more day. NJ Transit estimates it carries about three
hundred and fifty thousand rail passengers a day, including seventy
thousand who ride into New York City. The pact ends
the first railroad strike for the transit system in more
(01:05):
than forty years. Wage negotiations. They had been at the
center of the dispute the unions that had wanted parody
with engineers working at other major US railroads. The tenth
of the agreement must still be ratified by members of
the union and approved by members of the NJ Transit
Board of Directors. I'm John Tucker, Bloomberg Radio.
Speaker 3 (01:23):
All right, John, thank you all. Another news we're following
this morning. Scottie Scheffler as a PGH champion. He won
his third major title. Let me get the details of
the Bloomberg Sports. John Stashauer, John, good morning.
Speaker 2 (01:36):
Good morning Careen.
Speaker 7 (01:36):
Midway through the final round of the PGA, Scotty Jeffler
had blown a three shot lead, but he quickly went
back on top and then pulled away at a big
lead on the final hole.
Speaker 8 (01:45):
One last look at the hole for Shuffler. The potter
is back and threw on its way. He's missed it,
but that's okay. He'll go around the hole collect himself.
Conquers the Queens City at Quail Hollow.
Speaker 2 (02:04):
Scottie Suffler is.
Speaker 7 (02:06):
A pg Excipia TA sounded here on Bloomberg Radio. S
Scheffler becomes the third ever to win fifteen PGA events
and three majors before the age of twenty nine, and
the other two are Jack Nicholas and Tiger Woods. Back
shortly with reactions with the winner, John stasheh, we're Bloomberg Sports,
all right, looking forward to that, John.
Speaker 2 (02:23):
Thank you.
Speaker 4 (02:23):
First, though, let's turn to the markets, because stocks are
falling this morning. Treasuries are sliding this well. That's after
Moody's stripped the US government of its top credit rating,
cutting the rating one level to double A one from
triple A. On Friday, moody sighted the failure by successive
administrations to deal with rising US debt and deficits. This morning,
(02:44):
the yield for thirty year treasuries is trading above the
five percent level. It's now at five point zero one.
Treasury Secretary Scott Bessen is downplaying concerns over the Moodies downgrade.
Speaker 9 (02:56):
I think that Moody's is a lagging indicator. I think
that's what everyone thinks of credit agencies. Larry Summers and
I don't agree on everything, but he said that when
they downgraded the US in two thousand and eleven.
Speaker 2 (03:09):
So it's a lagging indicator.
Speaker 4 (03:11):
Treasury Secretary Scott Besson made those comments on NBC's Meet
the Press, which can be heard every Sunday right here
on Bloomberg Radio.
Speaker 3 (03:19):
Meanwhile, Nathan on Capitol Hill, President Trump's a giant tax
and spending cut bill has made it through the House
Budget Committee after a late night vote. Several Republicans who
held out against the legislation last week voted President last
night after winning an agreement to speed up cuts to Medicaid.
Pennsylvania Congressman Lloyd Smucker was one of those holdouts. Now
(03:39):
he says he fully supports the bill.
Speaker 9 (03:42):
This is a bill that will deliver the mandate that
the American people have given the president given Congress in November.
Speaker 3 (03:49):
And South Carolina Republican Ralph Norman said he wants to
see even deeper spending cuts.
Speaker 2 (03:54):
We've been downgraded three times.
Speaker 3 (03:57):
We have problems with the money in this country of
the day, and the bill faces even more hurdles before
it heads to the full House. Republicans from high tax
states are pushing for a higher limit on the state
and local tax deduction and the Medicaid cuts good face
opposition from moderate Republicans.
Speaker 4 (04:15):
Well Karen, President Trump and many world leaders are expressing
their support this morning for former President Joe Biden. He's
been diagnosed with an aggressive form of prostate cancer. The
eighty two year old Democrat is reviewing treatment options with
his doctors. Speaking to ABC News, doctor Stephanie Widmer said
more needs to be known about the former president's condition
to understand what treatments are available.
Speaker 10 (04:37):
Prosely, cancer in general is a treatable form of cancer,
even if it cannot be cured, and a lot of people,
even elderly people, can live with it for a long
period of time.
Speaker 4 (04:47):
Again, that was doctor Stephanie Widmer speaking with ABC News.
President Trump wrote on truth Social that both he and
the First Lady wish the former president of fast and
successful recovery.
Speaker 3 (04:57):
Now we want to get to the latest on efforts
to the war in Ukraine, Nathan. President Trump is set
to hold a phone call this morning with Russia's Vladimir Putin.
That's after Ukrainian President vladimir's Lenski met with Vice President
jd Vance at the Vatican yesterday. It was all smiles
after their infamous Oval Office blow up back in February.
Secretary of State Marco Rubio says President Trump is prepared
(05:20):
to back new sanctions on Russia if today's talks don't
go well.
Speaker 11 (05:24):
Going back six or seven weeks, we've been communicating to
the Russian side that this effort was being undertaken, that
we anticipated that when all was said and done, it
would have close to eighty co sponsors in the Senate
and I imagine a comparable percentage of support in the House.
That was an effort we couldn't stop and don't control.
Speaker 3 (05:41):
Secretary have started. Marco Rubios book on CBS's Face the
Nation heard Sundays on Bloomberg Radio, but sources tell Bloomberg
News Putin feels he has a strong hand heading into
today's talks. They say Putin is confident his forces can
break through Ukraine's defenses and four regions he's claimed for
Russia by the end of the year, unlikely to offer
any meaningful concessions, and.
Speaker 4 (06:02):
Another gedopolitical development, Karen The UK and the European Union
are expected to signal a new era of climate cooperation
by pledging to link their carbon markets to avoid trade
levies and reset post Brexit relations. That's according to a
draft document seen by Bloomberg News. The move comes as
part of today's UK EU summit, which aims to improve
(06:23):
relations five years after Britain left the block and.
Speaker 3 (06:27):
Taking a look at tech, Nathan and Vidia CEO Jensen
Wong unveiled new technologies, including faster chip systems and software
to sustain the boom and demand for AI computing in Taiwan.
Speaking at the Computex AI exhibition in Taipei, Long announced
in Vidia's and deepening partnerships with Taiwanese companies.
Speaker 12 (06:45):
Today we're announcing Fox Con Taiwan, the Taiwanese government, Nvidia TSMC,
We're going to build the first giant AI supercomputer. Is
there anybody who needs an AI computer?
Speaker 3 (07:01):
And n Video CEO Jensen Wong added that in Q
three of this year, it'll introduce updates to the ecosystem
around in Video's accelerator chips. Time now for a look
at some of the other stories making news in New
York and around the world. For that, we're joined by
Bloomberg's Michael Barr. Michael, Good morning, Good.
Speaker 13 (07:19):
Morning, Karen. The NTSB is now investigating how a Mexican
Navy sailboat crashed into the Brooklyn Bridge over the weekend
in New York City. Two people were killed and more
than a dozen were injured. New York City Police Chief
Wilson Aaron Bullis says the ship lost power in the
East River.
Speaker 14 (07:37):
The captain that was maneuvering the ship lost power of
the ship in the current mechanical function caused the ship
to go right into the pillar of the bridge, heading
the mass of the ship where there was a couple
of sailors on top.
Speaker 13 (07:57):
Authorities saying there was no structuralamage to the bridge. More
severe storms are expected to roll across the central US
this week, following the weather related deaths of more than
two dozen people. Forecasters say their hazardous weather will range
from thunderstorms and potentially baseball sized hail on the plains
the dangerous heat in the south. Israel announced the start
(08:20):
of a new extensive ground operation in the Gaza Strip. Meanwhile,
Democrats are raising questions about President Trump's pledge to get
aid into Gaza. Congressman Row Kanna of California.
Speaker 7 (08:32):
That aid is conditional on Palestinians moving to the south
of Gaza, and all of the aid groups are saying
that's not enough.
Speaker 13 (08:40):
Congressman Conna spoke on ABC's This Week Heard Sundays on
Bloomberg Israel said it would allow a basic amount of food,
saying it didn't want a hunger crisis to jeopardize its
new military offensive. The New York Police Department used metal
detectors to screen spectators at the annual Israel Day Parade
alongside other lawmakers. Governor Hokel marched with the parade on
(09:03):
Fifth Avenue in Manhattan, noting she visited Israel after the
October seventh attack nearly two years ago.
Speaker 2 (09:09):
Never in the.
Speaker 15 (09:10):
Wildest dreams did I think that five hundred and eighty
nine days later, there's still be sixty sixty hostages waiting
to come home, some alive.
Speaker 3 (09:20):
And some have not made it.
Speaker 13 (09:22):
Also an attendant Senator Chuck Schumer and New York State
Attorney General Latitia James. Global News twenty four hours a
day and whenever you want it with the Bloomberg News. Now,
I'm Michael Barran. This is Bloomberg Carron.
Speaker 3 (09:34):
All right, Michael Barr, thank you. Time down to the
Bloomberg Sports Update. Did we bring back John Stashower, John,
good morning.
Speaker 2 (09:44):
Good morning. Karen has heard earlier.
Speaker 7 (09:46):
Scottie Scheffler adds the Wannamaker Trophy to the two Green Jackets.
Speaker 2 (09:50):
He's one of the masters. The world number one.
Speaker 7 (09:52):
Said later that winning the PGA at quil Hollow wasn't easy.
Speaker 16 (09:55):
Felt like this was as hard as I've battled for
a tournament in my career. I mean, this was a
pretty challenging week. I mean the first two days I
did not swing at my best, and I was able
to post the score somehow, And you know, outside of
the last five holes yesterday, you know, that's where I
really kind of put myself ahead in the tournament.
Speaker 7 (10:13):
And he won by five shots. Rice in the shambo
for this time for second Sean Rom finished tied for eighth.
Speaker 2 (10:18):
He had tied Sheffler on his.
Speaker 7 (10:19):
Eleventh hole, but Rom played the last three holes the
so called green mile in plus five. Asked the Subway
Series second game in a row with the Mets.
Speaker 2 (10:27):
And the Yankees were tied to two and the eighth
in ning.
Speaker 7 (10:29):
The Mets won Saturday, but the last night at the stadium,
the Yankees put up six runs in the eighth. The
rally ended with a Cody Bellinger grand slam and eight
to two Yankee win. Bellinger had a two run double
in the first inning and also walk three times. Then
Nationals a weekend sweep with a struggling Orioles, who just
made the managerial change. Mets won ten to four at Fenway.
Red Sox lost ten to four to with Land in
(10:49):
the Sox post. The Mets tonight parable offside in Game
seven's Oklahoma City, who won Game two from Denver by
forty three points, won Game seven by thirty two. Shay
gild Alexander expected to this week be named NBA MVP
Sport thirty five points. The Thunder are in the West
Finals first time since twenty sixteen. They'll play Minnesota. The
series starts tomorrow, a day ahead of Mixed Pacers Game
(11:12):
one at the Guard and the Florida Panthers won Game
seven in Toronto six to one. Will now play Carolina
and the Stanley Cup East Final. Carlos Algaraz beat the
world number one Yonix Center in the Italian Open final
on Israel's Robert Schwarzman, who became the first rookie driver
in forty three years to win the Indy five hundred
pole position.
Speaker 2 (11:31):
Johns Stasha were Bloomberg Sports Canady.
Speaker 1 (11:36):
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 4 (11:47):
Good morning, I'm Nathan Hager, and it is the news.
Hundreds of thousands of commuters in and out of New
York City had been waiting all weekend to hear.
Speaker 5 (11:54):
New Jersey's first rail strike in decades has officially come
to an end.
Speaker 4 (12:00):
New Jersey Governor Phil Murphy last night after NJ Transit
reached an agreement with locomotive engineers on a new contract,
ending a strike that began early Friday morning for the
busiest commuter region in the country. Joining us from the
center of it this morning, Penn Station once again Bloomberg's
Monica Ricks Monica. Great to have you back with us.
So what was the final breakthrough that got us to
(12:21):
this tentative agreement?
Speaker 17 (12:22):
Good morning, Good morning, Nathan. And we actually don't know
a whole lot of details here. We just know that
the governor said that the deal had a very good outcome.
So we'll get to know the details, including how much
they agreed to pay these workers, once the vote is done.
Once the New Jersey Transit Board approves this deal, those
deal and details will become public later. But again, the
(12:43):
governor said that it was fair, and it was fair
to workers as well as being affordable to the meters
and to tack players as well, So don't expect a
hike or any sort of hike because of it, as
they came to this agreement.
Speaker 4 (12:58):
But in the meantime, of course, it's been such a
issue for consumer or for commuters since early Friday morning
when this strike first got underway. Give us a sense
of just how tough it's been over the last few
days and into the weekend.
Speaker 17 (13:13):
Well, the governor had urged people to work from home
and has made the same flee to employers today, these
let your workers work from home, and essential workers, you know,
can take buses. They're actual charter buses rolling in and
out of New Jersey today, but you won't cover the
three hundred thousand plus riders that commute every day. So
(13:38):
a sigh of relief for a lot of people, not
just the workers, but all these daily commuters. And I'm
sure with New Jersey Transit and state workers as well,
who've taken months to hammer out this deal.
Speaker 4 (13:50):
And I mean, it was a tough weekend as well,
wasn't it. I Mean, there was a Shakira concert going on,
and so many other events that were impacted by this
stoppage of survey from New Jersey into the city.
Speaker 17 (14:02):
Right there was no rail service for that concert. In fact,
they can to Thursday night preemptively knowing that those talks
weren't going to go anywhere. And then the Oday fans
were sort of watching the talks as well, because in
two weeks her concert is going to be out of
New Jersey and there's a lot of people that go
to those and I'm sure they were worried about how
they were going to get to and from that content.
Speaker 2 (14:24):
So how are things looking this morning?
Speaker 4 (14:25):
From where you sit at Penn Station, you're seeing evidence
that the commuter is looking lighter than normally would at
this time of the morning.
Speaker 8 (14:32):
Oh.
Speaker 17 (14:32):
Absolutely. I mean it's pretty quiet around this time either way,
because you know, it's still very early in the morning
for a lot of people. But if you go down
into Penn Station, the tracks are blocked off and even
the escalators are blocked off. Today there are some extra
workers answering questions for any commuters who may not know
what's going on or may not know that, you know,
talks have sort of concluded and there's a deal that's
(14:54):
been done, and then there's announcements that are going that
are ongoing for commuters to let them know that there's
no rail service today, but that things will pick up
again tomorrow once in stepsons are done and things get
back to normal.
Speaker 4 (15:08):
So given that in our last thirty seconds, what kind
of lingering impact can we expect from this three days strike?
Speaker 17 (15:15):
I think just the fact that there is no rail
service again today is going to put a lot of commeters,
you know, at a disadvantage, not just because they have
to figure out how to get to work if they
have to get to work, but because they're competing with
the other commuters for say a seat on a charter bus,
or they have to pay a little bit more to
take the amtrak or the path, whatever it may be.
(15:36):
That they sit in a little extra traffic this morning
because you know, there are more people on the road.
So there are lingering effects today, but again rail service
will review tomorrow, so hopefully there won't be as many issues.
Speaker 3 (15:48):
This is Bloomberry day Break, your morning podcast and the
stories making news from Wall Street to Washington and beyond.
Speaker 4 (15:55):
Look for us on your podcast feed by six am.
Eastern each morning on Apple, Spotify, or anywhere else you listen.
Speaker 3 (16:01):
You can also listen live each morning starting at five
am Wall Street Time on Bloomberg eleven three to zero
in New York, Bloomberg in ninety nine to one in Washington,
Bloomberg ninety two nine in Boston, and nationwide on serious
XM Channel one twenty one.
Speaker 4 (16:15):
Plus listen coast to coast on the Bloomberg Business app
now with Apple CarPlay and Android Atto interfaces.
Speaker 3 (16:21):
And don't forget to subscribe to Bloomberg News Now. It's
the latest news whenever you want it in five minutes
or less. Search Bloomberg News Now on your favorite podcast
platform to stay informed all day long. I'm Karen Moscow.
Speaker 2 (16:34):
And I'm Nathan Hager.
Speaker 4 (16:35):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Day
Bray
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