June 10, 2025 • 17 mins
On today's podcast:
1) The Trump administration escalated its response to anti-deportation protests in Los Angeles with the mobilization of 700 Marines, deploying active-duty military on the ground and increasing tensions with California officials.
2) Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements.
3) Mark Zuckerberg, frustrated with Meta Platforms Inc.’s shortfalls in AI, is assembling a team of experts to achieve artificial general intelligence, recruiting from a brain trust of AI researchers and engineers who’ve met with him in recent weeks at his homes in Lake Tahoe and Palo Alto.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2 (00:10):
Good morning.
Speaker 3 (00:10):
I'm Nathan Hager and I'm Lisa Mateo. Here are the
top stories we're following today.
Speaker 2 (00:15):
Lisa, we begin in Los Angeles, where tensions between police
and anti deportation demonstrators have stretched into a fourth night.
The Trump administration is escalating its response. It is mobilizing
seven hundred marines on top of the two thousand National
Guard troops that were activated over the weekend. LA Mayor
Karen Bass says the move doesn't make sense.
Speaker 4 (00:35):
They're guarding the federal building here in downtown, and they're
guarding the Federal building in Westwood. That's what they're doing,
so they need marines on top of it. I don't
understand that. That's why I feel like we are part
of an experiment that we did not ask to.
Speaker 5 (00:51):
Be a part of.
Speaker 2 (00:52):
Now, the State of California is suing to try to
stop the deployments. Here's State Attorney General Rob Bonta.
Speaker 6 (00:58):
The authority that the President say only allows for the
deployment of the National Guard by the president when there's
an invasion by a foreign nation, which there's not. When
there's a rebellion to overturn the leadership of the United
States of America.
Speaker 2 (01:12):
Which there is not, and President Trump says activating the
guard was a great idea and he's back to comments
from White House borders Are Tom Holman, the California Governor
Gavin Newsom and other local leaders could be arrested if
they interfere with the response.
Speaker 7 (01:27):
You can process if you want, you have that person,
I read right. But when you cross the line of
putting your hands on myself, sir, competing our enforcement operations
annoyingly harber cutsiel idealing we're ailing, that's a crime.
Speaker 5 (01:41):
Borders Are.
Speaker 2 (01:42):
Tom Holman was asked on CNN if Governor Newsom has
done anything to warrant arrest yet he said, quote, absolutely not.
Speaker 3 (01:48):
And back in Washington, Nathan, debate continues over President Trump's
big tax and spending cut bill. House Speaker Mike Johnson
says he's trying to get Senate Republicans to do as
little as possible to change the forty one thousand dollars
cap on state and local tax deductions. House Republicans from
high tax states have threatened to block the bill if
the Senate waters down the write off, but no Senate
(02:10):
Republican is from a high tax state. Meanwhile, President Trump
is touting one small piece of the One Big, Beautiful
Bill savings accounts for babies.
Speaker 8 (02:19):
For every US citizen born after December thirty first, twenty
twenty four. Before January first, twenty twenty nine, the federal
government will make a one time contribution of one thousand
dollars into a tax deferred account that will track the
overall stock market. In other words, it'll be pegged to
(02:40):
an index that we'll pick.
Speaker 3 (02:41):
President Trump was joined at the White House by several
corporate executives. Dell CEO Michael Dell promised a dollar for
dollar match to the accounts for Dell employees, and Robin
Hood Market said it will provide technology and capital resources
for the initiative.
Speaker 2 (02:55):
Lisa, let's turn down to the latest developments in trade
negotiations between the US and China. There continuing for a
second day in London. Both sides are looking to ease
tensions over rare earth supplies and tech exports. Treasury Secretary
Scott Bessett and Commerce Secretary Howard Ludnik have been leading
the US delegation. Ludnik says the talks have been fruitful.
President Trump is echoing that we are.
Speaker 8 (03:16):
Doing well with China. China's not easy.
Speaker 5 (03:22):
I think we're doing very well. They're over there now.
Speaker 8 (03:24):
I'm only getting good reports.
Speaker 2 (03:26):
The first day of talks lasted more than six hours,
the US signal that's willing to remove restrictions on some
tech exports in exchange for assurances that China is easing
limits on rare earth shipments, and the.
Speaker 3 (03:36):
Trump administration making another sweeping move to reshape the federal government.
The Department of Health and Human Services is dismissing all
seventeen members of the committee that advises the government on vaccines.
Bloomberg's Amy Morris reports from Washington.
Speaker 9 (03:51):
Health and Human Services Secretary Robert F. Kennedy Junior said
in an opinion piece in The Wall Street Journal that
quote a clean sweep is needed to re establish public
confidence in vaccine science, but public health officials call this
a blatantly political move that will further undermine trust in
vaccine safety. The group, known as the Advisory Committee on
(04:11):
Immunization Practices reviews the latest data and makes recommendations that
determine whether insurers cover shots, among other things. In Washington,
Amy Morris Bloomberg Radio Amy thanks President Trump's pict LEI.
The Commodity Futures Trading Commission goes before Senate confirmation hearing today.
Cryptolobbyist and former CFTC commissioner Brian Quinten's plans to tell
(04:33):
the Senate Agriculture Committee he is uniquely qualified to head
the derivatives Regulator as Congress considers giving it more authority
over digital assets. In prepared remarks, Quintens will say he
is well versed not just in policy issues that affect
farmers and ranchers who use futures to hedge price risks,
but in emerging technologies like blockchain and crypto.
Speaker 3 (04:52):
We turn to the markets now, Nathan, Futures while they're
little change. As we head into Tuesday session, stocks in
the UK hit a record and in the US, Mark
Zuckerberg is making a major push into artificial intelligence at
meta platforms. Bloomberg's John Tucker joins us with the very
latest John sounds like a sci fi movie plot.
Speaker 10 (05:10):
Yeah, it has everything, but an underground layer. Here Zuckerberg
recruiting for a secretive new team. He's got a pretty
audacious goal in mindly so he's trying to achieve Artificial
General Intelligence AGI. This is the idea that machines can
perform as well as humans. If Meta does achieve this milestone,
he could weave it into a range of AI tools.
(05:32):
He's personally going to hire a team of about fifty people.
This is called the Super Intelligence Group. Has already rearranged
the desk at the company's Menlo Park headquarters, so the
new staff is going to sit near him. Zuckerberg is
building this secret team in tandem with a planned multi
billion dollar investment in Scale AI. This is going to
be Meta's largest external investment to date. Zuckerberg is racing
(05:54):
against competitors like OpenAI and Google to become a market
leader for AI. To share is this morning pre market?
Little change in the New York I'm John Tucker, Bloomberg Radio.
Speaker 5 (06:05):
All right, John, thank you.
Speaker 2 (06:06):
Apple shares also a little change in the pre market
after the iPhone maker failed to ease concerns about its
position in AI. The shares fell more than one percent yesterday.
After the iPhone maker kicked off it's annual Worldwide Developers
conference in California. Apple did reveal a sweeping new software
redesigned called liquid Glass. It's an interface that is said
(06:27):
to unify the user experience across all devices, from iPhones
to MacBooks. Bloomberg's Ed Ludlow covered WWDC in Cooper Tina.
Speaker 11 (06:36):
A lot of liquid glasses inspiration comes from the work
that app We're done with Vision Pro, you know, literally
the UI and UX of that experience using vision Pro,
the translucency of it. And so by making it uniform,
you know, having the same look across iPhone, mac iPad
os and Vision Pro and watch, you know, it just
makes you more familiar and I guess open to using
(06:57):
the full hardware suite of products.
Speaker 2 (07:00):
Bloomberg's Ed Ludlow says. Also, as part of rebranding efforts,
Apple confirmed it will use years rather than version numbers
to identify its newest operating systems.
Speaker 3 (07:10):
And Nathan a departure at Goldman Sachs, Aaron Arthur is
retiring after nearly three decades at the Wall Street Powerhouse.
Arthur is a partner in Goldman's Financial and Strategic Investors Group.
Within investment banking, He helped shape the bank's global financing
group and investment banking franchises. Time now for a look
(07:31):
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.
Speaker 5 (07:36):
Good morning, Michael, Good morning, Lisa.
Speaker 12 (07:38):
New York authorities are sending a message to anyone thinking
about violent protests in the city. In a speech, New
York City Mayor Eric Adams called for protesters to remain
peaceful and warrened. Authorities will not accept violence and lawlessness.
Speaker 4 (07:53):
The escalation of protests in Los Angeles over the last
couple of days is unacceptable.
Speaker 5 (07:58):
It will not be tolerant if attempted in our city.
Speaker 12 (08:02):
There were a series of smaller protests held in New
York yesterday at Trump Tower in Midtown Manhattan. About twenty
to twenty five protesters were arrested after they entered the lobby.
The protests come as violent demonstrations broke out in Los
Angeles in response to immigration raids across the area. Today
(08:23):
is New Jersey's primary day. Six Democrats and five Republicans
are running to succeed term limited Democratic governor Phil Murphy.
Democrats in the race include US Representatives Josh Gotdheimer and
Mikey Sheryl. Also running, Newark Mayor ros Barackup. New Jersey
City Mayor Steve Phillip, New Jersey Education Association President Sean Spiller,
(08:45):
and former State Senate President Steve Sweeney in the Republican primary,
former State Assemblyman Jack Cinderelli, State Senator John Bramnick, former
Inglewood Chief Cliffs Mayor Mario Kranjak, radio hosts Bill Spadia,
and general contractor Justin BARBERA tropical storm Barbara strengthened into
(09:07):
a hurricane off Mexico's coast, the first of the Eastern
Pacific hurricane season. Bloomberg Media Religius Craig Allen as the latest.
Speaker 13 (09:15):
The tropical season is still fairly active off the Mexico
coastline in the Pacific, and we do have Barbara, who
was the first hurricane of the season. Barbara had seventy
five mile per hour wins for about twelve hours or so,
but now has weakened and will continue to weaken about
two hundred miles off the central Mexico coastline. There will, however,
(09:35):
be rough surf and dangerous rip currents along the vacation
resorts all up and down the west coast of Mexico.
Bloomberg Media Religius, Craig Allen, Global News twenty four hours
a day and whenever you want it with Bloomberg News Now,
I'm Michael Barron.
Speaker 12 (09:50):
This is Bloomberg Lisa.
Speaker 3 (09:51):
Thank you, Michael Bie now for our Bloomberg Sports update
that's brought to you VI Rushing Bank. For that, we
bring in John stash Hour.
Speaker 1 (10:02):
Good morning, John, Good morning Lisa. First two Stanley Cup
Final games went to overtime. The Panthers and Oilers split
down the series move to Florida in Game three was
a Panthers rat Brad Marshan who scored the game winner
and Edmonton scored fifty six seconds in the lead was
three to one in the second period, and.
Speaker 14 (10:18):
Then Katschuk in against kling Bird puck play to the
line and.
Speaker 9 (10:22):
It's taken away, up, break away.
Speaker 14 (10:24):
The long story, it hands it on Bennett in.
Speaker 9 (10:27):
Bennetts top shelf.
Speaker 10 (10:29):
Of the Panthers take up for one lead with twelve
thirty four to go here in the second what a
shift per playoffs.
Speaker 5 (10:38):
Sam, Panthers Radio.
Speaker 1 (10:39):
Sam Bennett had scored fourteen playoff goals, that's four more
than anyone else. They added two more in the third,
both on power play. The final was six to one.
Florida leads the series two to one. Also from hockey,
TJ Oshe retiring at age thirty eight after sixteen seasons,
not a surprise.
Speaker 5 (10:54):
Injuries kept him from playing this past season.
Speaker 1 (10:56):
Os She played a big part in the Capitols winning
the Stanley Cup. T eighteen, Mets and the Yankees were off.
There were four extra inning games at Fenway. The Red
Sox tied the Rays in both the ninth and tenth,
but Tampa Bay onon ten eight.
Speaker 5 (11:09):
In eleven, it was the major league debut for the Socks.
Top prospect Roman.
Speaker 1 (11:13):
Anthony recently hit a home run of the Miners that
went four hundred and ninety seven feet. First game in Boston,
he went over four the Phillies end of the five game,
losing three. Scored twice in the eleventh, beat the Cubs
four to three. The Dodgers began a big series in
San Diego, winning eight to seven and ten, and Arizona
beat Seattle on a Joshnaeler walk off grand slam the
eleventh inn. It's the Mets and Nationals Tonight. Mets are
(11:34):
twenty four and seven at City Field. Yankees are in
Kansas City. The Yanks trying to avoid a third loss.
Speaker 5 (11:39):
In a row.
Speaker 1 (11:39):
They gave up twenty one runs in those last two
games in Boston. Running Back Nick Chubb, after seven seasons
in Cleveland injury rid of the last two, has signed
with Houston.
Speaker 5 (11:49):
John Stashawer Bloomberg Sports, Lisa.
Speaker 3 (11:51):
And Nathan, all right, thank you, John. Taking a quick
look at the markets right now, future as well, pretty
much treading water. We have SMP futures little change up
about a point down, Futures down about ten to f
percent forty two points, and NASZAK future is a little
changed up about nine. We have the two year yield
at three point nine eight percent, down two basis points,
and the yield on the tenure full point four five percent,
and that's down two basis points.
Speaker 5 (12:15):
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 2 (12:25):
Good morning. I'm Nathan Hager. The stakes have been raised
even higher. After four days of protests and Los Angeles,
President Trump is deploying seven hundred marines to join the
two thousand National Guard members he activated over the weekend.
California suing over that move. But the President says Governor
Gavin Newsom should be thanking him.
Speaker 5 (12:41):
He should only be.
Speaker 8 (12:42):
Happy I sent in the military, because if I didn't
send him in, you would add a problem. They're the
likes of which we haven't seen in a long time.
Speaker 2 (12:50):
That was President Trump at the White House yesterday. This morning,
we're joined by Bloomberg New Senior editor Derek Wallbank and Derek,
this latest show of military force in LA seems to
raise things to a whole new level.
Speaker 14 (13:01):
Good morning, Good morning, Nathan. Yes, it certainly does. It
is a move that does not have any recent precedent
to it, and it is one that the states, state
and local leaders have said is actually inflaming tensions, which
is contrary exactly what the President said. We did see
(13:21):
overnight additional clashes there. We also saw protests spreading to
a number of other cities, many of them peaceful, some
of them were protesters clashed in with police, including in Austin,
Texas by the state capitol. But look, there are there
are no signs right now that the demonstrations over immigration
(13:46):
customs enforcement detentions are going away anytime soon.
Speaker 5 (13:50):
This is a live issue.
Speaker 14 (13:51):
This is an issue that the Trump administration wants to
have as a central issue. If you're sort of thinking
about the stories that have been that have been written recently,
including on the Musk feud, or you know, sort of
what's in the One Big Beautiful Bill and difficulties in
passing that, or some other things, the Musk team would
or the Trump team would very much rather have the
(14:12):
conversation about immigration. They would much rather have the conversation
being had over photos of burning taxis on the streets
of Los Angeles, with with be masked protesters wearing, you know,
waving Mexican flags. There is a certain like iconography there
that the Trump administration in this fight is candidly quite
(14:33):
happy to have.
Speaker 2 (14:34):
Interesting when you have the president seeming to endorse this
idea that his borders are Tom Homan put out that
if there's interference with the response that the governor could
be arrested, where does this go from here?
Speaker 14 (14:49):
Derek, Well, you know one thing I should say before
the start of the answer to that is that Holman
did walk that back a little bit in a late interview.
But I will say, look, you know, it raises the
stakes and one of the things that I'm particularly interested
in here, Nathan, is that there is a certain you know,
cometh the hour cometh the man's situation for Gavin Newsom,
(15:13):
who has emerged as Trump's main foil. Look, we've sat
here talking to you and I for five months about
how Democrats have been struggling for a message and a
messenger to sort of talk about Donald Trump in a
contrasting sort of way, and up into circumstance steps Gavin Newsom.
You know, he's I think widely thought to be interested
(15:36):
in a twenty twenty eight run for president himself. So
he may or may not be happy to have the
contrast moment. But Newsom has become one of the most
prominent Democrats in the country now trying to offer a
contrasting period with Trump as Democrats are trying to find
their own message. So that is I think going to
(15:58):
be something that is under scoring, under girding all of
this going forward. You really can't lose sight of the
political aspect to it as well. At the same time,
look on the policy, as they said, the Trump administration
wants this fight the immigration, the deportations that is central
as a plank to the Republican platform under Trump, and
(16:21):
this is something that he says he was elected to do,
and he wants to go do it.
Speaker 2 (16:27):
This is Bloomberg Daybreak, your morning podcast on the story's
making news from Wall Street to Washington and beyond.
Speaker 3 (16:34):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
Speaker 2 (16:40):
You can also listen live each morning starting at five
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Bloomberg ninety two to nine in Boston, and nationwide on
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Speaker 3 (16:54):
Plus listen coast to coast on the Bloomberg Business app
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Speaker 2 (17:00):
And don't forget to subscribe to Bloomberg News Now. It's
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Speaker 5 (17:12):
I'm Nathan Hager.
Speaker 3 (17:13):
And I'm Lisa Matteo. Join us again tomorrow morning for
all the news you need to start your day right
here on Bloomberg Daybreak
Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2 (00:10):
Good morning.
Speaker 3 (00:10):
I'm Nathan Hager and I'm Lisa Mateo. Here are the
top stories we're following today.
Speaker 2 (00:15):
Lisa, we begin in Los Angeles, where tensions between police
and anti deportation demonstrators have stretched into a fourth night.
The Trump administration is escalating its response. It is mobilizing
seven hundred marines on top of the two thousand National
Guard troops that were activated over the weekend. LA Mayor
Karen Bass says the move doesn't make sense.
Speaker 4 (00:35):
They're guarding the federal building here in downtown, and they're
guarding the Federal building in Westwood. That's what they're doing,
so they need marines on top of it. I don't
understand that. That's why I feel like we are part
of an experiment that we did not ask to.
Speaker 5 (00:51):
Be a part of.
Speaker 2 (00:52):
Now, the State of California is suing to try to
stop the deployments. Here's State Attorney General Rob Bonta.
Speaker 6 (00:58):
The authority that the President say only allows for the
deployment of the National Guard by the president when there's
an invasion by a foreign nation, which there's not. When
there's a rebellion to overturn the leadership of the United
States of America.
Speaker 2 (01:12):
Which there is not, and President Trump says activating the
guard was a great idea and he's back to comments
from White House borders Are Tom Holman, the California Governor
Gavin Newsom and other local leaders could be arrested if
they interfere with the response.
Speaker 7 (01:27):
You can process if you want, you have that person,
I read right. But when you cross the line of
putting your hands on myself, sir, competing our enforcement operations
annoyingly harber cutsiel idealing we're ailing, that's a crime.
Speaker 5 (01:41):
Borders Are.
Speaker 2 (01:42):
Tom Holman was asked on CNN if Governor Newsom has
done anything to warrant arrest yet he said, quote, absolutely not.
Speaker 3 (01:48):
And back in Washington, Nathan, debate continues over President Trump's
big tax and spending cut bill. House Speaker Mike Johnson
says he's trying to get Senate Republicans to do as
little as possible to change the forty one thousand dollars
cap on state and local tax deductions. House Republicans from
high tax states have threatened to block the bill if
the Senate waters down the write off, but no Senate
(02:10):
Republican is from a high tax state. Meanwhile, President Trump
is touting one small piece of the One Big, Beautiful
Bill savings accounts for babies.
Speaker 8 (02:19):
For every US citizen born after December thirty first, twenty
twenty four. Before January first, twenty twenty nine, the federal
government will make a one time contribution of one thousand
dollars into a tax deferred account that will track the
overall stock market. In other words, it'll be pegged to
(02:40):
an index that we'll pick.
Speaker 3 (02:41):
President Trump was joined at the White House by several
corporate executives. Dell CEO Michael Dell promised a dollar for
dollar match to the accounts for Dell employees, and Robin
Hood Market said it will provide technology and capital resources
for the initiative.
Speaker 2 (02:55):
Lisa, let's turn down to the latest developments in trade
negotiations between the US and China. There continuing for a
second day in London. Both sides are looking to ease
tensions over rare earth supplies and tech exports. Treasury Secretary
Scott Bessett and Commerce Secretary Howard Ludnik have been leading
the US delegation. Ludnik says the talks have been fruitful.
President Trump is echoing that we are.
Speaker 8 (03:16):
Doing well with China. China's not easy.
Speaker 5 (03:22):
I think we're doing very well. They're over there now.
Speaker 8 (03:24):
I'm only getting good reports.
Speaker 2 (03:26):
The first day of talks lasted more than six hours,
the US signal that's willing to remove restrictions on some
tech exports in exchange for assurances that China is easing
limits on rare earth shipments, and the.
Speaker 3 (03:36):
Trump administration making another sweeping move to reshape the federal government.
The Department of Health and Human Services is dismissing all
seventeen members of the committee that advises the government on vaccines.
Bloomberg's Amy Morris reports from Washington.
Speaker 9 (03:51):
Health and Human Services Secretary Robert F. Kennedy Junior said
in an opinion piece in The Wall Street Journal that
quote a clean sweep is needed to re establish public
confidence in vaccine science, but public health officials call this
a blatantly political move that will further undermine trust in
vaccine safety. The group, known as the Advisory Committee on
(04:11):
Immunization Practices reviews the latest data and makes recommendations that
determine whether insurers cover shots, among other things. In Washington,
Amy Morris Bloomberg Radio Amy thanks President Trump's pict LEI.
The Commodity Futures Trading Commission goes before Senate confirmation hearing today.
Cryptolobbyist and former CFTC commissioner Brian Quinten's plans to tell
(04:33):
the Senate Agriculture Committee he is uniquely qualified to head
the derivatives Regulator as Congress considers giving it more authority
over digital assets. In prepared remarks, Quintens will say he
is well versed not just in policy issues that affect
farmers and ranchers who use futures to hedge price risks,
but in emerging technologies like blockchain and crypto.
Speaker 3 (04:52):
We turn to the markets now, Nathan, Futures while they're
little change. As we head into Tuesday session, stocks in
the UK hit a record and in the US, Mark
Zuckerberg is making a major push into artificial intelligence at
meta platforms. Bloomberg's John Tucker joins us with the very
latest John sounds like a sci fi movie plot.
Speaker 10 (05:10):
Yeah, it has everything, but an underground layer. Here Zuckerberg
recruiting for a secretive new team. He's got a pretty
audacious goal in mindly so he's trying to achieve Artificial
General Intelligence AGI. This is the idea that machines can
perform as well as humans. If Meta does achieve this milestone,
he could weave it into a range of AI tools.
(05:32):
He's personally going to hire a team of about fifty people.
This is called the Super Intelligence Group. Has already rearranged
the desk at the company's Menlo Park headquarters, so the
new staff is going to sit near him. Zuckerberg is
building this secret team in tandem with a planned multi
billion dollar investment in Scale AI. This is going to
be Meta's largest external investment to date. Zuckerberg is racing
(05:54):
against competitors like OpenAI and Google to become a market
leader for AI. To share is this morning pre market?
Little change in the New York I'm John Tucker, Bloomberg Radio.
Speaker 5 (06:05):
All right, John, thank you.
Speaker 2 (06:06):
Apple shares also a little change in the pre market
after the iPhone maker failed to ease concerns about its
position in AI. The shares fell more than one percent yesterday.
After the iPhone maker kicked off it's annual Worldwide Developers
conference in California. Apple did reveal a sweeping new software
redesigned called liquid Glass. It's an interface that is said
(06:27):
to unify the user experience across all devices, from iPhones
to MacBooks. Bloomberg's Ed Ludlow covered WWDC in Cooper Tina.
Speaker 11 (06:36):
A lot of liquid glasses inspiration comes from the work
that app We're done with Vision Pro, you know, literally
the UI and UX of that experience using vision Pro,
the translucency of it. And so by making it uniform,
you know, having the same look across iPhone, mac iPad
os and Vision Pro and watch, you know, it just
makes you more familiar and I guess open to using
(06:57):
the full hardware suite of products.
Speaker 2 (07:00):
Bloomberg's Ed Ludlow says. Also, as part of rebranding efforts,
Apple confirmed it will use years rather than version numbers
to identify its newest operating systems.
Speaker 3 (07:10):
And Nathan a departure at Goldman Sachs, Aaron Arthur is
retiring after nearly three decades at the Wall Street Powerhouse.
Arthur is a partner in Goldman's Financial and Strategic Investors Group.
Within investment banking, He helped shape the bank's global financing
group and investment banking franchises. Time now for a look
(07:31):
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.
Speaker 5 (07:36):
Good morning, Michael, Good morning, Lisa.
Speaker 12 (07:38):
New York authorities are sending a message to anyone thinking
about violent protests in the city. In a speech, New
York City Mayor Eric Adams called for protesters to remain
peaceful and warrened. Authorities will not accept violence and lawlessness.
Speaker 4 (07:53):
The escalation of protests in Los Angeles over the last
couple of days is unacceptable.
Speaker 5 (07:58):
It will not be tolerant if attempted in our city.
Speaker 12 (08:02):
There were a series of smaller protests held in New
York yesterday at Trump Tower in Midtown Manhattan. About twenty
to twenty five protesters were arrested after they entered the lobby.
The protests come as violent demonstrations broke out in Los
Angeles in response to immigration raids across the area. Today
(08:23):
is New Jersey's primary day. Six Democrats and five Republicans
are running to succeed term limited Democratic governor Phil Murphy.
Democrats in the race include US Representatives Josh Gotdheimer and
Mikey Sheryl. Also running, Newark Mayor ros Barackup. New Jersey
City Mayor Steve Phillip, New Jersey Education Association President Sean Spiller,
(08:45):
and former State Senate President Steve Sweeney in the Republican primary,
former State Assemblyman Jack Cinderelli, State Senator John Bramnick, former
Inglewood Chief Cliffs Mayor Mario Kranjak, radio hosts Bill Spadia,
and general contractor Justin BARBERA tropical storm Barbara strengthened into
(09:07):
a hurricane off Mexico's coast, the first of the Eastern
Pacific hurricane season. Bloomberg Media Religius Craig Allen as the latest.
Speaker 13 (09:15):
The tropical season is still fairly active off the Mexico
coastline in the Pacific, and we do have Barbara, who
was the first hurricane of the season. Barbara had seventy
five mile per hour wins for about twelve hours or so,
but now has weakened and will continue to weaken about
two hundred miles off the central Mexico coastline. There will, however,
(09:35):
be rough surf and dangerous rip currents along the vacation
resorts all up and down the west coast of Mexico.
Bloomberg Media Religius, Craig Allen, Global News twenty four hours
a day and whenever you want it with Bloomberg News Now,
I'm Michael Barron.
Speaker 12 (09:50):
This is Bloomberg Lisa.
Speaker 3 (09:51):
Thank you, Michael Bie now for our Bloomberg Sports update
that's brought to you VI Rushing Bank. For that, we
bring in John stash Hour.
Speaker 1 (10:02):
Good morning, John, Good morning Lisa. First two Stanley Cup
Final games went to overtime. The Panthers and Oilers split
down the series move to Florida in Game three was
a Panthers rat Brad Marshan who scored the game winner
and Edmonton scored fifty six seconds in the lead was
three to one in the second period, and.
Speaker 14 (10:18):
Then Katschuk in against kling Bird puck play to the
line and.
Speaker 9 (10:22):
It's taken away, up, break away.
Speaker 14 (10:24):
The long story, it hands it on Bennett in.
Speaker 9 (10:27):
Bennetts top shelf.
Speaker 10 (10:29):
Of the Panthers take up for one lead with twelve
thirty four to go here in the second what a
shift per playoffs.
Speaker 5 (10:38):
Sam, Panthers Radio.
Speaker 1 (10:39):
Sam Bennett had scored fourteen playoff goals, that's four more
than anyone else. They added two more in the third,
both on power play. The final was six to one.
Florida leads the series two to one. Also from hockey,
TJ Oshe retiring at age thirty eight after sixteen seasons,
not a surprise.
Speaker 5 (10:54):
Injuries kept him from playing this past season.
Speaker 1 (10:56):
Os She played a big part in the Capitols winning
the Stanley Cup. T eighteen, Mets and the Yankees were off.
There were four extra inning games at Fenway. The Red
Sox tied the Rays in both the ninth and tenth,
but Tampa Bay onon ten eight.
Speaker 5 (11:09):
In eleven, it was the major league debut for the Socks.
Top prospect Roman.
Speaker 1 (11:13):
Anthony recently hit a home run of the Miners that
went four hundred and ninety seven feet. First game in Boston,
he went over four the Phillies end of the five game,
losing three. Scored twice in the eleventh, beat the Cubs
four to three. The Dodgers began a big series in
San Diego, winning eight to seven and ten, and Arizona
beat Seattle on a Joshnaeler walk off grand slam the
eleventh inn. It's the Mets and Nationals Tonight. Mets are
(11:34):
twenty four and seven at City Field. Yankees are in
Kansas City. The Yanks trying to avoid a third loss.
Speaker 5 (11:39):
In a row.
Speaker 1 (11:39):
They gave up twenty one runs in those last two
games in Boston. Running Back Nick Chubb, after seven seasons
in Cleveland injury rid of the last two, has signed
with Houston.
Speaker 5 (11:49):
John Stashawer Bloomberg Sports, Lisa.
Speaker 3 (11:51):
And Nathan, all right, thank you, John. Taking a quick
look at the markets right now, future as well, pretty
much treading water. We have SMP futures little change up
about a point down, Futures down about ten to f
percent forty two points, and NASZAK future is a little
changed up about nine. We have the two year yield
at three point nine eight percent, down two basis points,
and the yield on the tenure full point four five percent,
and that's down two basis points.
Speaker 5 (12:15):
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 2 (12:25):
Good morning. I'm Nathan Hager. The stakes have been raised
even higher. After four days of protests and Los Angeles,
President Trump is deploying seven hundred marines to join the
two thousand National Guard members he activated over the weekend.
California suing over that move. But the President says Governor
Gavin Newsom should be thanking him.
Speaker 5 (12:41):
He should only be.
Speaker 8 (12:42):
Happy I sent in the military, because if I didn't
send him in, you would add a problem. They're the
likes of which we haven't seen in a long time.
Speaker 2 (12:50):
That was President Trump at the White House yesterday. This morning,
we're joined by Bloomberg New Senior editor Derek Wallbank and Derek,
this latest show of military force in LA seems to
raise things to a whole new level.
Speaker 14 (13:01):
Good morning, Good morning, Nathan. Yes, it certainly does. It
is a move that does not have any recent precedent
to it, and it is one that the states, state
and local leaders have said is actually inflaming tensions, which
is contrary exactly what the President said. We did see
(13:21):
overnight additional clashes there. We also saw protests spreading to
a number of other cities, many of them peaceful, some
of them were protesters clashed in with police, including in Austin,
Texas by the state capitol. But look, there are there
are no signs right now that the demonstrations over immigration
(13:46):
customs enforcement detentions are going away anytime soon.
Speaker 5 (13:50):
This is a live issue.
Speaker 14 (13:51):
This is an issue that the Trump administration wants to
have as a central issue. If you're sort of thinking
about the stories that have been that have been written recently,
including on the Musk feud, or you know, sort of
what's in the One Big Beautiful Bill and difficulties in
passing that, or some other things, the Musk team would
or the Trump team would very much rather have the
(14:12):
conversation about immigration. They would much rather have the conversation
being had over photos of burning taxis on the streets
of Los Angeles, with with be masked protesters wearing, you know,
waving Mexican flags. There is a certain like iconography there
that the Trump administration in this fight is candidly quite
(14:33):
happy to have.
Speaker 2 (14:34):
Interesting when you have the president seeming to endorse this
idea that his borders are Tom Homan put out that
if there's interference with the response that the governor could
be arrested, where does this go from here?
Speaker 14 (14:49):
Derek, Well, you know one thing I should say before
the start of the answer to that is that Holman
did walk that back a little bit in a late interview.
But I will say, look, you know, it raises the
stakes and one of the things that I'm particularly interested
in here, Nathan, is that there is a certain you know,
cometh the hour cometh the man's situation for Gavin Newsom,
(15:13):
who has emerged as Trump's main foil. Look, we've sat
here talking to you and I for five months about
how Democrats have been struggling for a message and a
messenger to sort of talk about Donald Trump in a
contrasting sort of way, and up into circumstance steps Gavin Newsom.
You know, he's I think widely thought to be interested
(15:36):
in a twenty twenty eight run for president himself. So
he may or may not be happy to have the
contrast moment. But Newsom has become one of the most
prominent Democrats in the country now trying to offer a
contrasting period with Trump as Democrats are trying to find
their own message. So that is I think going to
(15:58):
be something that is under scoring, under girding all of
this going forward. You really can't lose sight of the
political aspect to it as well. At the same time,
look on the policy, as they said, the Trump administration
wants this fight the immigration, the deportations that is central
as a plank to the Republican platform under Trump, and
(16:21):
this is something that he says he was elected to do,
and he wants to go do it.
Speaker 2 (16:27):
This is Bloomberg Daybreak, your morning podcast on the story's
making news from Wall Street to Washington and beyond.
Speaker 3 (16:34):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
Speaker 2 (16:40):
You can also listen live each morning starting at five
am Wall Street Time on Bloomberg eleven three to zero
in New York, Bloomberg ninety nine to one in Washington,
Bloomberg ninety two to nine in Boston, and nationwide on
Sirius XM Channel one twenty one.
Speaker 3 (16:54):
Plus listen coast to coast on the Bloomberg Business app
now with Apple CarPlay and Android Auto interface.
Speaker 2 (17:00):
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.
Speaker 5 (17:12):
I'm Nathan Hager.
Speaker 3 (17:13):
And I'm Lisa Matteo. Join us again tomorrow morning for
all the news you need to start your day right
here on Bloomberg Daybreak
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