June 5, 2025 • 16 mins
On today's podcast:
1) President Trump signs a travel ban for 12 countries. The president is reinstating one of the most controversial measures from his first term after an attack in Colorado that targeted an event supporting Israeli hostages. The travel ban announced Wednesday covers Afghanistan, Myanmar, Chad, Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen. The measure also partially limits entry of people from Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela.
2) Elon Musk goes after the president's tax bill after losing out on electric vehicle credits. Musk has taken to social media to urge Americans to contact their lawmakers to "KILL" the legislation, citing its $2.4 trillion price tag and warning that "Bankrupting America is NOT ok!"
3) Democratic candidates for New York City mayor square off in their first debate. Former NY Governor Andrew Cuomo staved off attacks from progressive rivals Zohran Mamdani, Adrienne Adams, and others as the NYC mayoral race heats up.
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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, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today.
Speaker 3 (00:15):
Karen will have more in the markets in a minute. First,
President Donald Trump has signed a travel band targeting a
dozen countries, including Afghanistan, me and mar and Chad. The
measure also partially restricts entry from a host of other nations,
including Cuba and Venezuela. This reinstates one of the most
controversial policies from the president's first term. In a video
(00:35):
posted online, he said the move is necessary for national security.
Speaker 4 (00:39):
We cannot have open migration from any country where we
cannot safely and reliably vet and screen those who seek
to enter the United States. That is why today I
am signing a new executive order placing travel restrictions on
countries including Yemen, Somalia, Haiti, and numerous others.
Speaker 3 (01:02):
Separately, President Trump signed an executive action preventing foreign students
from entering the US to study at Harvard University. He
cited the school's failure to implement discipline on campus and
its alleged tie to China.
Speaker 5 (01:13):
Nathan.
Speaker 2 (01:14):
President Trump is also ordering an investigation into his predecessor's health.
The President has issued a memo directing his aids to
look into whether former President Joe Biden's staff conspired to
hide details about his health from the public or took
any executive actions without his knowledge. Mister Trump is citing
the former president's use of an auto pen to sign documents.
(01:34):
Former President Biden has put out a statement saying his
successors trying to distract from cuts to medicaid and his
tax legislation. The former president says, quote, let me be clear,
I made the decisions during my presidency.
Speaker 3 (01:47):
And kearny Elon Musk is ramping up his fight against
the President's big tax and spending cut bill. The billionaire
and one time White House advisor went on X to
urge Americans to call their lawmakers and kill the legislation,
writing quote, bankrupting America is not okay. Bloomberg News has
learned Musk personally lobbied House Speaker Mike Johnson to save
electric vehicle tax credits in the bill, which would have
(02:09):
benefited his ev maker Tesla.
Speaker 5 (02:11):
But Johnson says there's no time to start over. We
worked on the bill for almost fourteen months.
Speaker 6 (02:16):
You can't go back to the drawing board, and we shouldn't.
Speaker 5 (02:18):
We have a great product to deliver here.
Speaker 3 (02:20):
House Speaker Mike Johnson spoke to reporters on Capitol Hill. Meanwhile,
President Trump says he agrees with Democratic Senator Elizabeth Warren
on a provision that's not in the bill that Congress
should get rid of the debt ceiling. We got real
time reaction from Senator Warren.
Speaker 2 (02:34):
I think that Donald Trump and I hey, listen, I'm
ready to join up with him and make that happen.
We need to get rid of the debt ceiling altogether.
Speaker 3 (02:44):
Democratic Senator Elizabeth Warren was a guest on Bloomberg's Balance
of Power and stay with Bloomberg. Will get more on
President Trump's tax cut bill when we speak live this
morning with House Speaker Mike Johnson. He'll join us on
Bloomberg Surveillance at seven thirty am Wall Street Time. Catch
that conversation on Bloomberg Radio, Bloomberg Television, and the Bloomberg
podcast page on YouTube.
Speaker 2 (03:04):
Nathan. In a post on social media, President Trump said
Russia's Vladimir Putin will retaliate for the recent Ukrainian drone strike.
The two smoke by phone yesterday, former commanding General of
the US Army in Europe and Hodges was extremely critical
of the administration.
Speaker 7 (03:20):
This embarrassing truth social post confirms for anybody that still
was wondering that the Trump administration has zero interest in
do anything to put pressure on Russia, to help Ukraine,
or to get to some kind of sustainable piece. I mean,
it was too hard for him. Their approach was doomed
(03:40):
to failure from the very beginning.
Speaker 2 (03:42):
And former Army Lieutenant General Ben Hodges there The Kremlins
description of yesterday's Trump putin call made no reference to
possible retaliation, and.
Speaker 3 (03:50):
Later today Karin the President is scheduled to talk with
another world leader, German Chancellor Friedrich Mertz, will be in Washington.
Their meeting comes amid looming tariffs on German exports.
Speaker 2 (04:01):
Nathany now turn to politics. In New York City, nine
Democratic candidates for mayor held their first debate. I'm Bluebirds.
John Tucker joins US Live in Manhattan with the latest.
Speaker 5 (04:11):
John Goodburning, Hey, good morning.
Speaker 6 (04:12):
Karen Well. The front runner, Former Governor Andrew Cuomo, was
the evening's pinata, taking it on the chin from just
about everybody on stage for the way he handled COVID
cases and nursing homes during the pandemic. City Controller Brad
Lander wouldn't let up.
Speaker 3 (04:26):
It's not only that Andrew Cuomo lied to Congress, which
is perjury.
Speaker 6 (04:29):
He also lied to the greeming families whose loved ones
he sent into those nursing homes. Cuomo responded, if he
wants to talk about the facts on nursing homes, we'll
talk about the facts.
Speaker 8 (04:40):
He's just parodying Trump's allegations.
Speaker 6 (04:43):
Zorhandmandani is the Democratic socialist state lawmaker who's emerged as
one of the leading candidates.
Speaker 5 (04:49):
You know, as a Democrat.
Speaker 9 (04:51):
One of my regrets is having trusted the leaders within
our own party, leaders like Andrew.
Speaker 6 (04:56):
Cuomo, former city ConTroll to Scott Stringer, trying to shift
the focus to crime.
Speaker 4 (05:01):
We spending one point three billion dollars in police overtime
because we don't have enough police officers.
Speaker 6 (05:05):
But it was still mostly about Cuomo, with his opponents
also swiping at him over the sexual harassment scandal that
forced him from the governor's mansion. Typically, the cantidate who
clinches the Democratic nomination for Mayer's the presumptive winner in
November's general election, but this year is different. The winner
of the Democratic primer will face off in November against
incumbent Mayor Eric Adams, who's opted to run as an
(05:27):
independent in New York. On John Tecker Bloomberg.
Speaker 3 (05:30):
Radio, John Thanks turning out to the latest news on
Wall Street, Citigroup is cutting jobs. The bank says it
will trim its technology employee workforce in China by about
thirty five hundred as part of its global simplification efforts.
City's trying to streamline its operations and lift profitability to
compete more closely with rivals, with an aim set out
last year to reduce jobs by twenty thousand by the
(05:51):
end of twenty twenty six.
Speaker 2 (05:53):
And Nathan job cuts are reportedly coming at a proctor
in Gamble the Financial Times. He's reporting P ANDNG will
cut fifteen percent of office jobs over the next two years.
Seven thousand of those will be manufacturing jobs.
Speaker 3 (06:05):
On the flip side, Karen Alphabet plans to keep expanding
its engineering ranks, stressing human talent remains key even as
the Google parent ramps up artificial intelligence investment. Alphabet CEO
soon Dar Pichai says the world of AI is still evolving.
We spoke with him at the Bloomberg Tech Conference in
San Francisco.
Speaker 10 (06:23):
I'm confident there is a company that's going to be
created with AI, just like when the Internet happened. Many
years after the Internet happened, Googled and exist. So you know,
there's no doubt to me that three years from now
there'll be a company which will be dominant in this
AI age, which we don't even know the name of today.
Speaker 3 (06:41):
Alphabet CEO Sunday Peshar there speaking at the Bloomberg Tech
Conference in San Francisco, and you can catch our full
interview with Sun Darpichai on the Bloomberg podcast page on YouTube.
Subscribe to watch many of our high profile conversations across
Bloomberg platforms.
Speaker 2 (07:00):
I'm now for a look at some of the other
stories making news in New York and around the world,
and for that were joined by Bloomberg's Michael Barr.
Speaker 5 (07:05):
Michael, Good Morning, Good morning, Karen.
Speaker 11 (07:07):
A key witness is set to take the stand today
in the Sean Diddy Coombe sex trafficking case in Manhattan.
Jurors have so far heard from two women who alleged
they were victims of Combe's violence and abuse. A longtime
friend of Combe's ex girlfriend, Cassie Ventura, testified yesterday that
Combe's attacked here for no reason in twenty sixteen, dangled
(07:28):
her from a seventeenth floor balcony and then threw her
into a coffee table before Ventur intervened. Today, the jury
is set to hear from the third and final alleged
victim in the case, a single mother who became romantically
involved with Comb's In twenty twenty, Israeli forces recovered the
bodies of an Israeli American couple held in the Gaza
(07:48):
Strip since the Hamas attack in October of twenty twenty three.
Seventy two year old Gad Hagai and seventy year old
Judy Weinstein Guy were killed during the attack. The Bonnie's
taken to Gazma, where fifty six other hostages remain. Reaction
continues after Defense Secretary Pete Hegsif ordered a Navy vessel
named after gay rights activist and Navy veteran Harvey Milk
(08:12):
to be renamed. It's reportedly part of a Trump administration
effort to quote re establish the warrior culture within the Navy.
San Francisco's LGBTQ plus community is expressing condemnation over the move.
Democratic California Senator Scott Wiener of San Francisco.
Speaker 8 (08:30):
It is just despicable and unbelievably painful that this administration,
in its quest to erase LGBTQ people from public life,
not just trans people, gay and lesbian people too, in
that quest, they are now doing this horrible thing during
prime month. It's disgusting.
Speaker 11 (08:51):
Global News twenty four hours a day and whenever you
want it with Bloomberg News Now Michael Barr, and this
is Bloomberg Karent.
Speaker 2 (08:58):
All right, Michael Barr, thank you time now for the
Bloomberg Sports some Day, brought to you by Flushing Bank.
Here's John stash Hour, John, good morning, Good.
Speaker 5 (09:10):
Morning, Karen.
Speaker 12 (09:10):
Juan Soto's first season as a Met so far being
pretty quiet, but with strong pitching and the slugging of
Pete Alonzo, Mets had the best record in the National
League in La Griffin Canning hurled six scrolls sittings, and
Alonso almost single handedly led the Mets to a six
to one victory of the Dodgers that he hit a
two run over in the first inning and a three
run shot in the eighth no offense for the Yankees
(09:31):
at the Stadium, out hit twelve to five. They lost
to Cleveland four nothing. Mackenzie Gore pitched the Nationals to
a two nothing one of the Cubs and a wild one.
At Fenway, the Red Sox and Angels were seven to
five in the second inning.
Speaker 5 (09:43):
The Socks won eleven to nine.
Speaker 11 (09:45):
Break up the Rockies.
Speaker 12 (09:46):
They hadn't won two games in a row. Now they've
won three straight, all in Miami. They had been three
and twenty eight on the road. Game one of the
Stanley Cup Final rematch of last year, when Florida won
the first three games. The Panthers led the series opener
three to one. Edmonton came back. The game went to overtime.
Speaker 9 (10:05):
Kicks ooping a lot now to Lutred Hopkins, kicks it
back to the side, back to Lutret Hawkins. Victor God.
Speaker 12 (10:22):
Jesus sports at Canada to call the Oilers game when
he goes nineteen minutes into ot. Edmonton won four to three.
French Open women's semifinals started nine this morning, with top
seeded the Arena Sabalanka taking on three time defending champion
Eagle Street on Tech to be followed by Coco Goff
against Francis Luis Boson, who has come out of nowhere
(10:44):
to reach the semis. She had never played a Grand
Slam tournament before. She is ranked three hundred and sixty first.
John stashe weare Bloomberg Sports Karen Nathan.
Speaker 1 (10:55):
Coast to Coast on Bloomberg Radio nationwide on Serious Exam
and around the world on Bloomberg dot Com and the
Bloomberg Business Appum. This is Bloomberg Daybreak.
Speaker 5 (11:05):
Good morning, I'm Nathan Hager.
Speaker 3 (11:07):
President Trump is bringing back one of the most controversial
policies of his first term, barring entry to the US
from a dozen countries, including Afghanistan, Iran, and Libya. The
President is citing recent events for reviving the travel ban.
Speaker 4 (11:22):
The recent terror attack in Boulder, Colorado has underscored the
extreme dangers posed to our country by the entry of
foreign nationals who are not properly vetted, as well as
those who come here as temporary visitors and overstay their visas.
Speaker 3 (11:38):
We don't want them, President Trump spoke in a video
posted on X We're joined now by Bloomberg News Senior
editor Bill Ferries. Of course, Bill, we all remember the
travel ban from early in the president's first term. How
does this second term version differ from the last one?
Speaker 13 (11:54):
Good morning, good morning, thanks for having me. So it's
different in a number of respects. First travel ban, you
might remember Trump put in in really his first days
in office back in twenty seventeen. It became known as
the Muslim ban. It was really against a swath of
Muslim majority countries, and as the courts ruled against it,
(12:15):
it eventually kind of transformed into kind of being a
more narrowly focused ban on visitors from Cuba, Iran, Libya,
North Korea, and a few other countries. This time, you
just played it right there. The president is citing the
recent attack in Boulder, Colorado against people protesting or gathering
(12:36):
in support of the Israeli hostages in Gaza. That attack
was the suspect in that attack was actually from Egypt.
He had overstayed of visa here. But Egypt wasn't among
the countries listed in this latest travel ban or travel
restriction from the president. He hit twelve countries, or actually
(12:57):
nineteen countries. It's kind of a swath of a some
politically unstable countries. You have a few in Africa, you
have some in Asia as well, but it's it's kind
of a mixed bag. And the New York Times actually
reporting that the total number of visas from those countries
was about one hundred and seventy thousand last year, so
(13:19):
kind of a it's kind of a you know, it's
it's I think it falls into this effort by Trump
to raise up the barriers to documented and undocumented migration.
But it's not clear how serious of an impact it
will have.
Speaker 3 (13:33):
Is it clear whether what kind of legal scrutiny it
will come under. Of course, you remember how the first
travel band was knocked down in the courts.
Speaker 5 (13:40):
Is this one on a different legal footing.
Speaker 13 (13:43):
Well, it's going to it's going to get some of
the same legal scrutiny that a lot of the president's
measures has taken. He is, you know, he's trying to
use I think some of his authority to approve visas
in this case, as he's doing with the moves against
foreign student and going to Harvard and other universities. So
(14:03):
there may be stronger legal ground than what happened in
his first term, which was really kind of a slap
dash measure in the beginning that created a lot of chaos.
I mean literally, there are planes on the way to
the US and people weren't sure whether the passengers on
those planes could be allowed into the country or not.
Speaker 3 (14:20):
In the meantime, we're seeing even more opposition from Elon
Musk to the Big Beautiful Bill, and now we're getting
a little bit more of an idea about at least
one reason why he may be coming out against it.
Speaker 5 (14:33):
That's right.
Speaker 13 (14:34):
I mean, it was just a few days ago that
Elon Musk and Donald Trump were in the Oval Office
praising each other's efforts over the last several months. But
it's clear there is some kind of a big break here,
Elon Musk encouraging Americans to call their representatives and quote
kill that big beautiful bill that the President has really
(14:56):
staked a lot of his reputation on. And it does
sound like from our reporting that one reason Musk is
so against it is that the House version that passed
that's under debate in the Senate, it ends that seven
five hundred dollars electric car subsidy by the end of
this year. That's obviously a subsidy close to Elon Musshart
with his ownership of Tesla, and it also comes just
(15:19):
days after the President ended or retracted his nomination for
a Key musk Ally to lead NASA, So definitely a
break between these two leaders despite that appearance in the
Oval Office just days ago.
Speaker 2 (15:32):
This is Bloomberg Day Break, your morning podcast on the
stories making news from Wall Street to Washington and beyond.
Speaker 3 (15:39):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
Speaker 2 (15:45):
You can also listen live each morning starting at five
am Wall Street Time on Bloomberg eleven three to zero
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Bloomberg ninety two nine in Boston, and nationwide on serious
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Speaker 3 (16:00):
Plus listen coast to coast on the Bloomberg Business app
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Speaker 2 (16:05):
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 5 (16:18):
And I'm Nathan Hager.
Speaker 3 (16:19):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Day,
Ray
Bloomberg Audio Studios, podcasts, radio news.
Speaker 2 (00:10):
Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today.
Speaker 3 (00:15):
Karen will have more in the markets in a minute. First,
President Donald Trump has signed a travel band targeting a
dozen countries, including Afghanistan, me and mar and Chad. The
measure also partially restricts entry from a host of other nations,
including Cuba and Venezuela. This reinstates one of the most
controversial policies from the president's first term. In a video
(00:35):
posted online, he said the move is necessary for national security.
Speaker 4 (00:39):
We cannot have open migration from any country where we
cannot safely and reliably vet and screen those who seek
to enter the United States. That is why today I
am signing a new executive order placing travel restrictions on
countries including Yemen, Somalia, Haiti, and numerous others.
Speaker 3 (01:02):
Separately, President Trump signed an executive action preventing foreign students
from entering the US to study at Harvard University. He
cited the school's failure to implement discipline on campus and
its alleged tie to China.
Speaker 5 (01:13):
Nathan.
Speaker 2 (01:14):
President Trump is also ordering an investigation into his predecessor's health.
The President has issued a memo directing his aids to
look into whether former President Joe Biden's staff conspired to
hide details about his health from the public or took
any executive actions without his knowledge. Mister Trump is citing
the former president's use of an auto pen to sign documents.
(01:34):
Former President Biden has put out a statement saying his
successors trying to distract from cuts to medicaid and his
tax legislation. The former president says, quote, let me be clear,
I made the decisions during my presidency.
Speaker 3 (01:47):
And kearny Elon Musk is ramping up his fight against
the President's big tax and spending cut bill. The billionaire
and one time White House advisor went on X to
urge Americans to call their lawmakers and kill the legislation,
writing quote, bankrupting America is not okay. Bloomberg News has
learned Musk personally lobbied House Speaker Mike Johnson to save
electric vehicle tax credits in the bill, which would have
(02:09):
benefited his ev maker Tesla.
Speaker 5 (02:11):
But Johnson says there's no time to start over. We
worked on the bill for almost fourteen months.
Speaker 6 (02:16):
You can't go back to the drawing board, and we shouldn't.
Speaker 5 (02:18):
We have a great product to deliver here.
Speaker 3 (02:20):
House Speaker Mike Johnson spoke to reporters on Capitol Hill. Meanwhile,
President Trump says he agrees with Democratic Senator Elizabeth Warren
on a provision that's not in the bill that Congress
should get rid of the debt ceiling. We got real
time reaction from Senator Warren.
Speaker 2 (02:34):
I think that Donald Trump and I hey, listen, I'm
ready to join up with him and make that happen.
We need to get rid of the debt ceiling altogether.
Speaker 3 (02:44):
Democratic Senator Elizabeth Warren was a guest on Bloomberg's Balance
of Power and stay with Bloomberg. Will get more on
President Trump's tax cut bill when we speak live this
morning with House Speaker Mike Johnson. He'll join us on
Bloomberg Surveillance at seven thirty am Wall Street Time. Catch
that conversation on Bloomberg Radio, Bloomberg Television, and the Bloomberg
podcast page on YouTube.
Speaker 2 (03:04):
Nathan. In a post on social media, President Trump said
Russia's Vladimir Putin will retaliate for the recent Ukrainian drone strike.
The two smoke by phone yesterday, former commanding General of
the US Army in Europe and Hodges was extremely critical
of the administration.
Speaker 7 (03:20):
This embarrassing truth social post confirms for anybody that still
was wondering that the Trump administration has zero interest in
do anything to put pressure on Russia, to help Ukraine,
or to get to some kind of sustainable piece. I mean,
it was too hard for him. Their approach was doomed
(03:40):
to failure from the very beginning.
Speaker 2 (03:42):
And former Army Lieutenant General Ben Hodges there The Kremlins
description of yesterday's Trump putin call made no reference to
possible retaliation, and.
Speaker 3 (03:50):
Later today Karin the President is scheduled to talk with
another world leader, German Chancellor Friedrich Mertz, will be in Washington.
Their meeting comes amid looming tariffs on German exports.
Speaker 2 (04:01):
Nathany now turn to politics. In New York City, nine
Democratic candidates for mayor held their first debate. I'm Bluebirds.
John Tucker joins US Live in Manhattan with the latest.
Speaker 5 (04:11):
John Goodburning, Hey, good morning.
Speaker 6 (04:12):
Karen Well. The front runner, Former Governor Andrew Cuomo, was
the evening's pinata, taking it on the chin from just
about everybody on stage for the way he handled COVID
cases and nursing homes during the pandemic. City Controller Brad
Lander wouldn't let up.
Speaker 3 (04:26):
It's not only that Andrew Cuomo lied to Congress, which
is perjury.
Speaker 6 (04:29):
He also lied to the greeming families whose loved ones
he sent into those nursing homes. Cuomo responded, if he
wants to talk about the facts on nursing homes, we'll
talk about the facts.
Speaker 8 (04:40):
He's just parodying Trump's allegations.
Speaker 6 (04:43):
Zorhandmandani is the Democratic socialist state lawmaker who's emerged as
one of the leading candidates.
Speaker 5 (04:49):
You know, as a Democrat.
Speaker 9 (04:51):
One of my regrets is having trusted the leaders within
our own party, leaders like Andrew.
Speaker 6 (04:56):
Cuomo, former city ConTroll to Scott Stringer, trying to shift
the focus to crime.
Speaker 4 (05:01):
We spending one point three billion dollars in police overtime
because we don't have enough police officers.
Speaker 6 (05:05):
But it was still mostly about Cuomo, with his opponents
also swiping at him over the sexual harassment scandal that
forced him from the governor's mansion. Typically, the cantidate who
clinches the Democratic nomination for Mayer's the presumptive winner in
November's general election, but this year is different. The winner
of the Democratic primer will face off in November against
incumbent Mayor Eric Adams, who's opted to run as an
(05:27):
independent in New York. On John Tecker Bloomberg.
Speaker 3 (05:30):
Radio, John Thanks turning out to the latest news on
Wall Street, Citigroup is cutting jobs. The bank says it
will trim its technology employee workforce in China by about
thirty five hundred as part of its global simplification efforts.
City's trying to streamline its operations and lift profitability to
compete more closely with rivals, with an aim set out
last year to reduce jobs by twenty thousand by the
(05:51):
end of twenty twenty six.
Speaker 2 (05:53):
And Nathan job cuts are reportedly coming at a proctor
in Gamble the Financial Times. He's reporting P ANDNG will
cut fifteen percent of office jobs over the next two years.
Seven thousand of those will be manufacturing jobs.
Speaker 3 (06:05):
On the flip side, Karen Alphabet plans to keep expanding
its engineering ranks, stressing human talent remains key even as
the Google parent ramps up artificial intelligence investment. Alphabet CEO
soon Dar Pichai says the world of AI is still evolving.
We spoke with him at the Bloomberg Tech Conference in
San Francisco.
Speaker 10 (06:23):
I'm confident there is a company that's going to be
created with AI, just like when the Internet happened. Many
years after the Internet happened, Googled and exist. So you know,
there's no doubt to me that three years from now
there'll be a company which will be dominant in this
AI age, which we don't even know the name of today.
Speaker 3 (06:41):
Alphabet CEO Sunday Peshar there speaking at the Bloomberg Tech
Conference in San Francisco, and you can catch our full
interview with Sun Darpichai on the Bloomberg podcast page on YouTube.
Subscribe to watch many of our high profile conversations across
Bloomberg platforms.
Speaker 2 (07:00):
I'm now for a look at some of the other
stories making news in New York and around the world,
and for that were joined by Bloomberg's Michael Barr.
Speaker 5 (07:05):
Michael, Good Morning, Good morning, Karen.
Speaker 11 (07:07):
A key witness is set to take the stand today
in the Sean Diddy Coombe sex trafficking case in Manhattan.
Jurors have so far heard from two women who alleged
they were victims of Combe's violence and abuse. A longtime
friend of Combe's ex girlfriend, Cassie Ventura, testified yesterday that
Combe's attacked here for no reason in twenty sixteen, dangled
(07:28):
her from a seventeenth floor balcony and then threw her
into a coffee table before Ventur intervened. Today, the jury
is set to hear from the third and final alleged
victim in the case, a single mother who became romantically
involved with Comb's In twenty twenty, Israeli forces recovered the
bodies of an Israeli American couple held in the Gaza
(07:48):
Strip since the Hamas attack in October of twenty twenty three.
Seventy two year old Gad Hagai and seventy year old
Judy Weinstein Guy were killed during the attack. The Bonnie's
taken to Gazma, where fifty six other hostages remain. Reaction
continues after Defense Secretary Pete Hegsif ordered a Navy vessel
named after gay rights activist and Navy veteran Harvey Milk
(08:12):
to be renamed. It's reportedly part of a Trump administration
effort to quote re establish the warrior culture within the Navy.
San Francisco's LGBTQ plus community is expressing condemnation over the move.
Democratic California Senator Scott Wiener of San Francisco.
Speaker 8 (08:30):
It is just despicable and unbelievably painful that this administration,
in its quest to erase LGBTQ people from public life,
not just trans people, gay and lesbian people too, in
that quest, they are now doing this horrible thing during
prime month. It's disgusting.
Speaker 11 (08:51):
Global News twenty four hours a day and whenever you
want it with Bloomberg News Now Michael Barr, and this
is Bloomberg Karent.
Speaker 2 (08:58):
All right, Michael Barr, thank you time now for the
Bloomberg Sports some Day, brought to you by Flushing Bank.
Here's John stash Hour, John, good morning, Good.
Speaker 5 (09:10):
Morning, Karen.
Speaker 12 (09:10):
Juan Soto's first season as a Met so far being
pretty quiet, but with strong pitching and the slugging of
Pete Alonzo, Mets had the best record in the National
League in La Griffin Canning hurled six scrolls sittings, and
Alonso almost single handedly led the Mets to a six
to one victory of the Dodgers that he hit a
two run over in the first inning and a three
run shot in the eighth no offense for the Yankees
(09:31):
at the Stadium, out hit twelve to five. They lost
to Cleveland four nothing. Mackenzie Gore pitched the Nationals to
a two nothing one of the Cubs and a wild one.
At Fenway, the Red Sox and Angels were seven to
five in the second inning.
Speaker 5 (09:43):
The Socks won eleven to nine.
Speaker 11 (09:45):
Break up the Rockies.
Speaker 12 (09:46):
They hadn't won two games in a row. Now they've
won three straight, all in Miami. They had been three
and twenty eight on the road. Game one of the
Stanley Cup Final rematch of last year, when Florida won
the first three games. The Panthers led the series opener
three to one. Edmonton came back. The game went to overtime.
Speaker 9 (10:05):
Kicks ooping a lot now to Lutred Hopkins, kicks it
back to the side, back to Lutret Hawkins. Victor God.
Speaker 12 (10:22):
Jesus sports at Canada to call the Oilers game when
he goes nineteen minutes into ot. Edmonton won four to three.
French Open women's semifinals started nine this morning, with top
seeded the Arena Sabalanka taking on three time defending champion
Eagle Street on Tech to be followed by Coco Goff
against Francis Luis Boson, who has come out of nowhere
(10:44):
to reach the semis. She had never played a Grand
Slam tournament before. She is ranked three hundred and sixty first.
John stashe weare Bloomberg Sports Karen Nathan.
Speaker 1 (10:55):
Coast to Coast on Bloomberg Radio nationwide on Serious Exam
and around the world on Bloomberg dot Com and the
Bloomberg Business Appum. This is Bloomberg Daybreak.
Speaker 5 (11:05):
Good morning, I'm Nathan Hager.
Speaker 3 (11:07):
President Trump is bringing back one of the most controversial
policies of his first term, barring entry to the US
from a dozen countries, including Afghanistan, Iran, and Libya. The
President is citing recent events for reviving the travel ban.
Speaker 4 (11:22):
The recent terror attack in Boulder, Colorado has underscored the
extreme dangers posed to our country by the entry of
foreign nationals who are not properly vetted, as well as
those who come here as temporary visitors and overstay their visas.
Speaker 3 (11:38):
We don't want them, President Trump spoke in a video
posted on X We're joined now by Bloomberg News Senior
editor Bill Ferries. Of course, Bill, we all remember the
travel ban from early in the president's first term. How
does this second term version differ from the last one?
Speaker 13 (11:54):
Good morning, good morning, thanks for having me. So it's
different in a number of respects. First travel ban, you
might remember Trump put in in really his first days
in office back in twenty seventeen. It became known as
the Muslim ban. It was really against a swath of
Muslim majority countries, and as the courts ruled against it,
(12:15):
it eventually kind of transformed into kind of being a
more narrowly focused ban on visitors from Cuba, Iran, Libya,
North Korea, and a few other countries. This time, you
just played it right there. The president is citing the
recent attack in Boulder, Colorado against people protesting or gathering
(12:36):
in support of the Israeli hostages in Gaza. That attack
was the suspect in that attack was actually from Egypt.
He had overstayed of visa here. But Egypt wasn't among
the countries listed in this latest travel ban or travel
restriction from the president. He hit twelve countries, or actually
(12:57):
nineteen countries. It's kind of a swath of a some
politically unstable countries. You have a few in Africa, you
have some in Asia as well, but it's it's kind
of a mixed bag. And the New York Times actually
reporting that the total number of visas from those countries
was about one hundred and seventy thousand last year, so
(13:19):
kind of a it's kind of a you know, it's
it's I think it falls into this effort by Trump
to raise up the barriers to documented and undocumented migration.
But it's not clear how serious of an impact it
will have.
Speaker 3 (13:33):
Is it clear whether what kind of legal scrutiny it
will come under. Of course, you remember how the first
travel band was knocked down in the courts.
Speaker 5 (13:40):
Is this one on a different legal footing.
Speaker 13 (13:43):
Well, it's going to it's going to get some of
the same legal scrutiny that a lot of the president's
measures has taken. He is, you know, he's trying to
use I think some of his authority to approve visas
in this case, as he's doing with the moves against
foreign student and going to Harvard and other universities. So
(14:03):
there may be stronger legal ground than what happened in
his first term, which was really kind of a slap
dash measure in the beginning that created a lot of chaos.
I mean literally, there are planes on the way to
the US and people weren't sure whether the passengers on
those planes could be allowed into the country or not.
Speaker 3 (14:20):
In the meantime, we're seeing even more opposition from Elon
Musk to the Big Beautiful Bill, and now we're getting
a little bit more of an idea about at least
one reason why he may be coming out against it.
Speaker 5 (14:33):
That's right.
Speaker 13 (14:34):
I mean, it was just a few days ago that
Elon Musk and Donald Trump were in the Oval Office
praising each other's efforts over the last several months. But
it's clear there is some kind of a big break here,
Elon Musk encouraging Americans to call their representatives and quote
kill that big beautiful bill that the President has really
(14:56):
staked a lot of his reputation on. And it does
sound like from our reporting that one reason Musk is
so against it is that the House version that passed
that's under debate in the Senate, it ends that seven
five hundred dollars electric car subsidy by the end of
this year. That's obviously a subsidy close to Elon Musshart
with his ownership of Tesla, and it also comes just
(15:19):
days after the President ended or retracted his nomination for
a Key musk Ally to lead NASA, So definitely a
break between these two leaders despite that appearance in the
Oval Office just days ago.
Speaker 2 (15:32):
This is Bloomberg Day Break, your morning podcast on the
stories making news from Wall Street to Washington and beyond.
Speaker 3 (15:39):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
Speaker 2 (15:45):
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 nine in Boston, and nationwide on serious
XM Channel one twenty one.
Speaker 3 (16:00):
Plus listen coast to coast on the Bloomberg Business app
now with Apple CarPlay and Android auto interfaces.
Speaker 2 (16:05):
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 5 (16:18):
And I'm Nathan Hager.
Speaker 3 (16:19):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Day,
Ray
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