All Episodes

April 15, 2024 17 mins

On today's podcast:

1) Stocks Rise in Return to Calm as Oil Prices Slide

2) Trump’s NY Criminal Trial to Mark Milestone in American Politics

3) Goldman Set to Report Earnings 

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Transcript

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):
Karen will have more on markets in a moment, but first,
a global diplomatic effort is underway to try to avoid
a full blown regional war in the Middle East. Iran
fired more than three hundred drones and missiles at Israel
over the weekend. Almost all of them were intercepted before
they reached Israeli airspace. We get more from Israel Bureau
Chief Ethan Brunner in Tel Aviv.

Speaker 3 (00:38):
The fact that there was not any death here. There
was a seven year old girl who's fighting for her
life who was hit by shrapnel, but other than that,
no casualties and no genuine damage to its military facilities
that were attacked. That has given Israel as a sense
of accomplishment and relief and not a need for insight responding.

(01:01):
And then those other factors were playing a role, which
is there's some fatigue and there's some desire to not
alienate the United States.

Speaker 1 (01:09):
Israeli Bureau chief even Brauner reporting from Tel Aviv. Israel's
President Isaac Herzog says his country is still considering its response,
but there will be one.

Speaker 4 (01:19):
This is a declaration of what not. Because we are restrained,
and because we know the repercussions, and because we have
deliberations with our partners, we are considering all options.

Speaker 5 (01:30):
We are not all sicker.

Speaker 1 (01:32):
And Herzog's comments came as to run so hot to
draw a line under the attack, which it says was
retaliation for the strike on its diplomatic compound in Damascus
earlier this month. Well. At an emergency meeting of the
United Nations Security Council, EAN Secretary General Antonio Guterres called
on all sides to de escalate tensions.

Speaker 6 (01:51):
Middle East is on the brink. The people of the
region are confronting the real dangers of a devastating, full
scale conflict. Soh is the time to the fuse and
the escalate. Now is the time for maximum restraints.

Speaker 1 (02:07):
Gou Terras's call was echoed by G seven leaders in
a statement they condemn what they described as the rounds
directed unprecedented attack against Israel and said they will now
work to stabilize the situation and avoid further escalation.

Speaker 2 (02:19):
And that message of the escalations being echoed by the
White House Karen. National Security spokesman John Kirby made the
rounds on the Sunday political shows to send that message.

Speaker 7 (02:28):
Here.

Speaker 5 (02:28):
He is on ABC's This Week.

Speaker 8 (02:30):
Aron responded in an unprecedented way. Israel defended in a
truly unprecedented, remarkable way. We don't want to see this
situation escalate further.

Speaker 2 (02:41):
But House Intelligence Chair Mike Turner says the White House
needs to recognize the conflict as already escalating.

Speaker 5 (02:47):
He was on NBC's Meet the Press.

Speaker 9 (02:49):
If this administration fails to step up to the plate
and understand that we have an escalating conflict and make
it clear Toy that there are red lines and that
the United States will defend Israel and will not allow
Iran to become a weapon state, that we will be
in a broader conflict and we will have less options.

Speaker 2 (03:05):
I Meanwhile, House Speaker Mike Johnson's promising a vote on
aid to Israel this week. He's indicating funds for Ukraine
could be part of the package. How's Foreign Affairs Chair
Michael McCall tell CBS has face the Nation Ukraine needs
to be included.

Speaker 10 (03:18):
What I need to educate my colleagues, they're all tied together.
I mean, Iran is selling this stuff to Russia. Guess
who's buying Iran's energy China. And you know why, because
we lifted or waived the sanctions that we had this
administration on the drones and the missiles and on the energy.

Speaker 2 (03:37):
And you can hear face the nation, meet the press,
and this week every Sunday on Bloomberg Radio.

Speaker 1 (03:42):
Well Nathan Oil is shrugging off Iron's unprecedented attack on Israel.
In fact, prices are lower on speculation than the conflict
would remain contained. And we get more from Bloombergy Saudi
Bureau chief Christine Berg.

Speaker 11 (03:54):
There is a sense out there that the conflicts will
remain a bit contained, just given the Iran strike on
Israel did not inflict massive damage. But that does not
mean that we are in the clear by enemies. Eny
means this is still a pretty dangerous situation. Even so,
this sense that things may not immediately worsen seems to
be what's driving markets this morning. And I think when

(04:14):
it comes to crude in particular, we have to remember
that there was a bit of a war risk premium
that was baked enterprises heading into the weekend.

Speaker 1 (04:22):
And Bloomberg Sony Bureau chief Christine Burg says the region
produces about US third in the world's crude and checking
oil Right now nine exscrewede oils down one point one
percent and eighty four dollars sixty eight cents a barrel,
while Brent is it eighty nine dollars fifty three cents well.

Speaker 2 (04:35):
Karen Let's shift gears now in turn two, the criminal
case involving Donald Trump that gets underway today, and Bloomberg's
Kaylee Lines is covering it for us.

Speaker 12 (04:44):
In New York, Donald Trump's historic New York criminal trial
begins today, the first ever for a former US president.
He's charged by Manhattan District Attorney Alvin Bragg with thirty
four felony counts of falsifying business records allegedly concealing hush
money payments to porn star Stormy Daniels ahead of the
twenty six exteen election. Trump will be legally required to
attend as a criminal defendant, despite his ongoing presidential campaign.

(05:06):
He has pleaded not guilty to the charges against him.
The proceedings today begin with jury selection, which could last
up to two weeks. The trial in total could last
up to eight in New York. Kayley lines Bloomberg Radio.
All Right, Kayley, thanks well. Turning to Wall Street.

Speaker 1 (05:18):
Bank earnings continue this morning with Goldman Sachs reporting Fellow
Friday's results from JP Morgan Chase City Group in Wells Fargo.
Ellison Williams is a senior analyst with Bloomberg Intelligence.

Speaker 13 (05:29):
We're expecting to see a cleaner result than that which
we've seen over the past few quarters. We expect trading
and fees to remain relatively resilient for the bank, and
we did get solid results for fixed income and equities trading,
a little bit better on the equities trading side from
JP Morgan and City Group last week. We also are

(05:51):
expecting to see good growth in banking fees. However, M
and A is the week spot and Goldman is a
leader in that business.

Speaker 1 (05:58):
In Bloomberg Intelligence, Ellison Williams says, look for Goldman earnings
at seven thirty am a wull Street time.

Speaker 2 (06:05):
And look for runners to reach the starting line in
Boston this morning Karen for the one hundred and twenty eighth
running of the Boston Marathon, a full scale return to
the Patriot State tradition, the event shifted to a virtual
format and limited attendance during the COVID era. Get details
from Bloomberg Boston Bureau chief Brook Sutherland.

Speaker 7 (06:25):
The Boston Marathon is one of the world's oldest, dating
all the way back to the late eighteen nineties, but
more than thirty thousand runners and their fans will be
back in full force this year. The Chamber of Commerce
is expecting a two hundred million dollar economic impact from
the marathon, comparable to a Super Bowl. Hotel rooms are
in short supply and restaurants are booking up. Many of

(06:45):
the participants are also running to raise money for charities.
Bank of America is now the race's primary sponsor, succeeding
John Hancock in Boston. I'm Brook Sutherland for Bloomberg News.

Speaker 2 (06:55):
Okay, Brook, thank you, and the Boston Athletic Association is
organizing the race, which you'll see competitors by for the
Covenant title and substantial prize purse of one point two
million dollars. The historic twenty six point two mile race
stretches from Hopkinson to the heart of Boston at Copley Square.
It is one of the world's oldest annual marathons. It
kicks off nine Am Wall Street Time. Stay with Bloomberg

(07:18):
for updates throughout the morning.

Speaker 1 (07:23):
That it is time now for look at some of
the other stories making news in New York and around
the world. For that, we're joined by Bloomberg's John Tucker, John,
Good Morning.

Speaker 14 (07:30):
Man, Good Morning Karen. The pool of prospective jurism Donald
Trump's criminal trial here in Manhattan. We'll be as some
wide ranging questions today. Let's find out more about that
angle of the story from Bloomberg's Denise Pellegrini.

Speaker 15 (07:43):
New York Supreme Court Justice Jan Merchant is describing the
jury questionnaire as broad and exhaustive. It consists of forty
two numbered questions, many of which contain multiple sub questions,
and this includes whether they ever attended a rally or
campaign event for Trump, whether they're a supporter or member
of the QAnon movement, the Proud Boys are other similar groups,

(08:03):
and where they get their news from. Notably, though, they
will not be asked if they like Trump, a question
that the judge says is irrelevant because it does not
go to the issue of the prospective jurors qualifications. Denise
Pelgreney Bloomberg Radio.

Speaker 14 (08:16):
The NYPD deployed additional officers to Jewish places of worship
after Iran attacked Israel with those drones and missiles and
response to the attack, Mayor Adams wrote on acts as
mayor of the largest Jewish population in the world outside
of Israel, the significance of Iran's attack for Jewish New Yorkers,
many of whom have family in Israel, is not lost

(08:37):
on me, especially with Passover just days away. A police
officer and a sheriff's deputy in upstate New York were
shot and killed last night in an exchange of gunfire
with a suspect. It happened in Liverpool, just north of Syracuse.
Police Chief Joseph cecil says the officers have been tracking
a vehicle that had gotten away from police.

Speaker 10 (08:56):
While they were inspecting the vehicle and shaw the guns inside,
they heard what sounded like someone manipulating a firearm from
inside the residence.

Speaker 14 (09:06):
Well Sunspect was also killed at Eleven people standing outside
of family gathering Saturday night were shot at which Chicago
police believe was gang related violence on the south side
of that city. Four victims were children. An eight year
old girl was killed. Global News twenty four hours a
day and whenever you wanted with Bloomberg News. Now, I'm
John Tucker. This is Bloomberg Nathan, Karen.

Speaker 15 (09:28):
All right, John, thank you.

Speaker 1 (09:34):
Time now for the Bloomberg Sports Update with John stash Hour.

Speaker 16 (09:37):
John, good morning, Good morning, Karen, Scottie Scheffler and went
to Augusta red HoTT recent wins at bay Hill, the
Players Championship, and over the course of the Masters, he
showed why he's the best golfer in the world right now.
Never had a round over par. He broke free after
there was an early four way ti have the lead.
He won by four shots, his second green jacket in
the last three years. While his competitors faltered, Scheffler remained steady.

Speaker 5 (09:59):
I wasn't thinking about that.

Speaker 17 (10:00):
I was doing my best to stay in the moment,
stay calm, execute shots. I was very focused out there today.
I felt like I did a really good job. Tedd
did a great job of making sure that we kept
the golf course in front of us. You know, I
didn't get off to the best start, but had some
key up and downs.

Speaker 16 (10:14):
Lud big Oberg, the twenty four year old Swede who
had never played a major before it, finished second, three
way tied for third. Tommy Fleetwood, Maxhoma and Colin Moricallahoma
and Moricawa had final rounds of seventy three and seventy
four at the Garden. Thrilling finished for the next regular season.
They beat Chicago by one point in overtime. Jalen Brunson
scored forty nixt finished with fifty wins and with some.

Speaker 5 (10:35):
Help, they gained the two seed in the East.

Speaker 16 (10:37):
They'll play the winner of Wednesday's play in game between
Philadelphia and Miami. The Celtics finished sixty four and eighteen.
They'll play whoever ends up is the eighth seed. The
next final record was thirty two and fifty. The Wizards
went fifteen and sixty seven. The Warriors have a play
in game tomorrow at Sacramento. The winning this regular season
in Rangers history ends tonight at the Garden against Ottawa.

(10:58):
If the Rangers get a fit fifty fifth win, they
win the President Trophy. Dwight goodin day at Cityfield after
his number sixteen was retired, fittingly a pitcher's duel, Mets
top Kansas City to to one.

Speaker 5 (11:10):
In Cleveland, a wild one, the.

Speaker 16 (11:11):
Yankees got an early three one omer from Aaron Judge
clutch hits late from Anthony Volpe and then Anthony Rizzo,
but the Guardians three runs in the tenth.

Speaker 5 (11:19):
I need to beat the Yanks eight to seven. Jos Dash,
Edward Bloomberg Sports, Jaron.

Speaker 1 (11:23):
Nathan all right, John, thank you. NSMP futures up half
percent this morning, up about twenty eight points down. Futures
up three tenths of uppercent or one hundred and seventeen points.
Nasday futures up six tenths of up percent, or one
hundred and seven points in the ten year treasury yield
at four point five four percent.

Speaker 18 (11:41):
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 5 (11:52):
Good morning. I'm Nathan Hager.

Speaker 2 (11:54):
The world is racing to avert a wider conflict in
the Middle East following Iron's unprecedented weekend at ten on
Israel from its own soil, involving hundreds of drones and missiles,
nearly all of which were shot down by Israel and
its allies. Joining us from Tel Aviv this morning is
Bloomberg Israel, Economy and government reporter Galite Alstein Ghalie, Good morning,

(12:17):
Good morning. So the market appears to be seeing a
sense of calm here this morning after the weekend attack.
Is that being reflected by what you're seeing in Israel
right now?

Speaker 19 (12:32):
Yes. I think that the bottom line is that so
far we've seen no response from Israel to Iran's attack
that you mentioned, and we've also heard no public comment
that gives us any sense that there is going to
be a response. We've also not been hearing that there
won't be a response, but we haven't been hearing any
explicit comments from the people who are in charge of

(12:54):
making these decisions in Israel. So so far, everything seems
pretty quiet. Beyond that, I would say that Israel is
having a big dilemma deciding on how to how to
respond to this unprecedented attacked by Iran on Israel from
Iranian soil. This is a first, of course, and Israel

(13:17):
is keeping the cards close to its just in a sense.
We know that there is a very narrow form of
five of five member war Cabinet that is led by
Prime Minister Benjamin Etanio that was authorized to determine what
the response will be, and they met yesterday for several
hours to discuss this. We're not aware that the final
decision was made at this stain, but it is evident

(13:40):
that Israel is taking the time to carefully weigh the dilemmas.

Speaker 5 (13:45):
Now.

Speaker 2 (13:45):
We did hear from Israeli military spokesperson Peter Lerner on
Bloomberg Radio this morning saying that the Israeli army has
presented the government with possible responses to the attack. Do
we have an idea of what the options are that
the war Cabinet could be considering.

Speaker 19 (14:05):
Well, you know, we haven't been hearing anything public on this.
I would say that, you know, Israel has a wide
array of things that it can do militarily if it
decides to from the air, also possibly you know, possible
cyber attacks perhaps and so forth. But I think that

(14:28):
maybe an important point to make is that regardless and
with respect to the options that the military has presented
to the to the cabinet and to the war cabinet
that I mentioned just now, there's a lot of diplomatic
pressure on Israel to refrain from responding at all, but
by the United States first and foremost. But we also

(14:50):
know that this is the message that came out of
the G seven talk yesterday, so and I think it's
it's worthwhile loading because Israel maybe reports here say that
one of the plans that has been put on the table,
apart from the military plans that you mentioned, is perhaps
the idea of maintaining the coalition that we saw help

(15:12):
defend Israel, headed by the by the US, but also
with some European countries and some region countries in the region.
So perhaps if that coalition can be maintained, at least
in part to advance a diplomatic move that will lead
eventually to impose further economic sanctions on Iran aiming to

(15:35):
toward or slow down its nuclear program. That is something
that Israel would probably like very much. And if there
are talks on that and if some some of that
can be achieved, I think that to some extent that
could influence what Israel does in the military aspect, in aspect,
in response to ourlant Affeck, this.

Speaker 2 (15:55):
Is Bloomberg Daybreak Today, your morning brief on the stories
making news from Wall Street to Washington and beyond.

Speaker 1 (16:02):
Look for us on your podcast feed at six am
Eastern each morning, on Apple, Spotify, and anywhere else you
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Speaker 2 (16:10):
You can also listen live each morning, starting at five
am Wall Street Time, on Bloomberg eleven three to zero
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Speaker 1 (16:23):
Our flagship New York station is also available on your
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Speaker 2 (16:32):
Listen coast to coast on the Bloomberg Business app, SERRIUSXM,
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Speaker 5 (16:38):
I'm Nathan Hager.

Speaker 15 (16:39):
And I'm Karen Moscow.

Speaker 1 (16:41):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Daybreak.

Speaker 5 (17:00):
He
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