Speaker 1: From the Bloomberg Interact, a Broker's Studios. This is Bloomberg
Speaker 1: day Break for Tuesday, April eleventh. Coming up today, Louisville,
Speaker 1: Kentucky is the scene of the latest mass shooting in
Speaker 1: the US. This is an evil act of argubed Barland.
Speaker 1: President Biden heads to Northern Ireland to mark twenty five
Speaker 1: years of a Good Friday peace agreement. A serious US
Speaker 1: intelligence breach could overshadow the President's trip. Former President Trump
Speaker 1: will return to New York this week for a deposition.
Speaker 1: Plus one of the ousted block Tennessee lawmakers is back
Speaker 1: at the State House. I'm Michael barr More and I'm
Speaker 1: John Stage Daron Sports. The Yankees lost in Cleveland and
Speaker 1: met shut out the Padres. The Rangers and Islanders both loss.
Speaker 1: That's all straight ahead on Bloomberg day Break, the business
Speaker 1: news you need disturn your day, and just one fifteen
Speaker 1: minute podcast each pointing on Apples, Spotify, the Bloomberg Business
Speaker 1: Appen everywhere you get your podcasts. Good morning, I'm Nathan
Speaker 1: Hagar and I'm kieron Moscow. Here are the stories we're
Speaker 1: following today. We begin this morning with the latest on
Speaker 1: another mass shooting in the US, this time in Louisville, Kentucky.
Speaker 1: Police say a bank employee opened fire on his workplace
Speaker 1: yesterday morning and killed five people while live streaming it
Speaker 1: on Instagram. This is Louisville Mayor Craig Greenberg. Let's be
Speaker 1: clear about what this was. This was an evil act
Speaker 1: of targeted violence, and it's an act of violence that
Speaker 1: hit close to home for Kentucky's Governor Andy Bisheer. One
Speaker 1: of the victims was his close friend Tommy Elliott helped
Speaker 1: me build my law career, help me become governor, gave
Speaker 1: me advice on being a good dad. This was the
Speaker 1: fifteenth major mass killing in the US so far this year.
Speaker 1: Instagram parent met A platform says it quickly removed the
Speaker 1: live stream of the incident yesterday morning. Well, Nathan, some
Speaker 1: other news were following this morning. Joe Biden arrives in
Speaker 1: Northern Ireland today to mark twenty five years of a
Speaker 1: Good Friday peace agreement. White House Security Council spokesman John
Speaker 1: Kirby says it's an opportunity for the President to celebrate
Speaker 1: a heritage he cites often. President Biden cares deeply about
Speaker 1: Northern Ireland and has a long history of supporting peace
Speaker 1: and prosperity there. As a US Senator, Joe Biden was
Speaker 1: an advocate for how the United States could play a
Speaker 1: constructive role supporting peace. Might House Security Council spokesman John
Speaker 1: Kirby says Biden's first stop is Belfast, where he will
Speaker 1: meet with UK Prime Minister Rishi Sunac and the Biden
Speaker 1: visit comes as the US grapples with the leak of
Speaker 1: intelligence that has been posted on social media. Bloomberg's Ad
Speaker 1: Baxter has that story. Both Defense and DOJ involved. Now,
Speaker 1: the Department of Defense has referred this to the Department
Speaker 1: of Justice for a criminal investigation, and I certainly would
Speaker 1: have free to them, but I'm not aware that they've
Speaker 1: come to any conclusions at this point about where they're
Speaker 1: coming from. White House spokesman John Kirby says they don't
Speaker 1: know how much is out there and whether more will
Speaker 1: be posted. We're going to get to the bottom of this,
Speaker 1: and then if there's actions that need to be taken
Speaker 1: as we learn more about the extent of what happened here,
Speaker 1: well obviously take those. Kirby says, hard to tell at
Speaker 1: this point how much damage has been done. He says,
Speaker 1: defense officials are talking to allies in San Francisco. I'm
Speaker 1: at Baxter Bloomberg Day Break all rated things, So Vice
Speaker 1: President Kamala Harris. We'll meet with a prime minister of
Speaker 1: Poland later today to discuss Russia's invasion of Ukraine. The
Speaker 1: peer will also discuss security and energy issues, including Poland's
Speaker 1: civil nuclear program. Also in Washington today, Karen, Financial leaders
Speaker 1: and central bankers will begin to gather for the spring
Speaker 1: meetings of the IMF and the World Bank. Our Tom
Speaker 1: Keane is covering it all for Bloomberg, Nathan and Karen
Speaker 1: without question. And this is after the World Bank announcements
Speaker 1: yesterday from David Malpass and what we heard from Krystallina
Speaker 1: georgy Ava in her conversation with Bloomberg last week. It's simple,
Speaker 1: it's about economic slowdown. Every other topic I can't believe
Speaker 1: I'm saying this, including China, has been pushed aside by
Speaker 1: such a grim and cautious view on economic growth that
Speaker 1: dovetails with a covering China, a recovering India. But what
Speaker 1: about the rest of the world, including the United States.
Speaker 1: We'll be watching Bloomberg's Tom Keane along with Lisa Bramwitz
Speaker 1: and Jonathan Farrell at the meetings all this week broadcasting
Speaker 1: Bloomberg Surveillance. You can catch the program every morning starting
Speaker 1: at seven am on Bloomberg Radio and Television. Well Nathan,
Speaker 1: Senator Elizabeth Warren, a New York representative Alexandria Ocassio Cortes
Speaker 1: have sent letters to more than a dozen of the
Speaker 1: largest depositors with Silicon Valley Bank. They're raising concerne over
Speaker 1: the failed banks relationship with some of the venture capitalists
Speaker 1: and tech founders who made up much of its customer base.
Speaker 1: I meantime, Karen New York Fed President John Williams is
Speaker 1: rejecting the idea that the FEDS rapid interest rate hikes
Speaker 1: led two problems in the banking industry, and we get
Speaker 1: the latest on that live with Bloomberg's John Tucker, John
Speaker 1: and Nathan don't blame us. That seems to be the
Speaker 1: message from Williams. Silicon Valley banks collapse last month was
Speaker 1: the second largest in US history. SVB and Signature Bank
Speaker 1: were taken over by regulators after a run on their deposits.
Speaker 1: Williams told an economics forum the issues were more related
Speaker 1: to the individual banks the suggestion there they were poorly run.
Speaker 1: As for how investors are betting on the future path
Speaker 1: of interest rates, Williams doesn't lose much sleep over that.
Speaker 1: Do I worry of market expectations, as you mentioned the
Speaker 1: expect us through glory interest rates five later this year
Speaker 1: and significantly next year. I think my answer is I
Speaker 1: don't really worry about it. The New York Fed president,
Speaker 1: speaking at NYU Investors betha FED will cut rates later
Speaker 1: this year, something Fed officials currently you don't see live
Speaker 1: in New York. I'm John Tucker, Bloomberg Daybreak. All right, John,
Speaker 1: thank you. He turned out to Warren Buffett, who is
Speaker 1: turning his focus back to Japan. Let me get the
Speaker 1: latest live with the Bloomberg. Steve Rabbaboard. Good morning, Steve,
Speaker 1: Good morning, Karen and Nathan. In an interview with Nika,
Speaker 1: Buffett says he's looking to up his stock investments in Japan.
Speaker 1: Shortly after Berkshire Hathaway kicked off a yen bond sale.
Speaker 1: The billionaire investor had about five percent of his holdings
Speaker 1: in Japan's trading houses in twenty twenty. Shares jumped after
Speaker 1: Buffett said he raised those holdings to seven point four
Speaker 1: percent buffet, telling Nik he's in Japan to meet different
Speaker 1: company leaders for discussions around their businesses and to emphasize
Speaker 1: Berkshire support. Live in New York, I'm Steve Rappaport, Bloomberg Daybreak.
Speaker 1: All right, Steve, thanks. Another set of billionaires, Tyler and
Speaker 1: Cameron weakle Vas, are using their money to support their
Speaker 1: crypto exchange, Gemini Trust. Bloomberg News has learned the twins
Speaker 1: have made one hundred million dollars loan to Gemini. The
Speaker 1: firm has faced numerous setbacks during the year long market
Speaker 1: downturn for digital assets. This is Bloomberg. It is fifty
Speaker 1: one degrees in New York going to be sunny today,
Speaker 1: breezy as well. Headed to the low seventies clouds and
Speaker 1: de breeze tonight on our way down to near sixty.
Speaker 1: Time now to take a look at some of the
Speaker 1: other stories making news in New York and around the world,
Speaker 1: with Bloomberg's Michael Bark. Good morning, Michael, Good morning, Nathan.
Speaker 1: At least two children are dead after fire tour through
Speaker 1: a queen's home, and e bike battery has been blamed
Speaker 1: for the blaze. The family inside the two story home
Speaker 1: found themselves trapped after the lithium ion battery burst into
Speaker 1: flames near the front door. F d n Y Chief
Speaker 1: John Hodgens said his team could not get it under
Speaker 1: control because of the source, and if this was not
Speaker 1: a ebike fire, most likely we would have been able
Speaker 1: to put this fire out without incident. Chief Hodgens says
Speaker 1: the father and three children were able to jump out
Speaker 1: of a window. However, two other children were unable to
Speaker 1: escape and died. Donald Trump will be back in New
Speaker 1: York City, this time for a state case. The former
Speaker 1: president says that he is scheduled to sit for a
Speaker 1: deposition Thursday in the Lower Manhattan offices of New York
Speaker 1: Attorney General Letitia James. It's in connection with the two
Speaker 1: hundred and fifty million dollar lawsuit filed by her office
Speaker 1: in September accusing Trump, his company, and three of his
Speaker 1: kids of widespread fraud. Last Tuesday, Trump was arraigned on
Speaker 1: thirty four felony criminal charges related to alleged hush money payments.
Speaker 1: Democrats on the Senate Judiciary Committee have called on Chief
Speaker 1: Justice John Roberts to investigate undisclosed luxury trips that Supreme
Speaker 1: Court Justice Clarence Thomas accepted from wealthy Republican donor Harlan Crowe.
Speaker 1: The Panels said it would soon hold a hearing on
Speaker 1: the court's ethical standards. One of the ousted Black Tennessee
Speaker 1: lawmakers is back at the state House. Democrat Justin Jones
Speaker 1: was expelled for his role in a gun control protest
Speaker 1: on the House floor in the aftermath of a deadly
Speaker 1: school shooting in Nashville. He was reinstated to the state
Speaker 1: House and a unanimous decision by Nashville's Metro consul abuse
Speaker 1: of this body would not happen in the comfort of silence.
Speaker 1: So I come here most importantly, though not as an individual,
Speaker 1: but I come here to say that the people of
Speaker 1: District fifty two seventy eight thousand people have a voice
Speaker 1: in this chamber once again. The other expelled lawmaker who
Speaker 1: represents Memphis, Justin Jordan, could be reappointed tomorrow by the
Speaker 1: Shelby County Commission. Three adults were injured when a large
Speaker 1: inflatable bounce house blew over in the wind in New Journey.
Speaker 1: It happened at a passover carnival in a parking lot
Speaker 1: in Lakewood. Global News twenty four hours a day, powered
Speaker 1: by more than twenty seven hundred journalists an analysts in
Speaker 1: over one hundred twenty countries. How Michael Barr, this is Bloomberg, Nathan,
Speaker 1: Thanks Michael. Time now for the Bloomberg Sports Update. For that,
Speaker 1: we bring you John Stensheller. All right, thanks Nathan. It
Speaker 1: was a night for some playoff revenge. The Clevey and
Speaker 1: Cleveland Guardians season ended last October with a division series
Speaker 1: lost to the Yankees, who jumped in front last night
Speaker 1: in Cleveland too nothing before there was an out, but
Speaker 1: the Yanks were blanked. The rest of the way. Had
Speaker 1: only three hits after those first four batters and the
Speaker 1: Guardians one three to two. The Mets out to avenge
Speaker 1: the wildcard lost last fault of the Padres. They put
Speaker 1: two on with Jeff McNeil an ishl offering rip down
Speaker 1: the right field line, base sit headed to the corner,
Speaker 1: live all hits third, he heads home to score. Lyndor
Speaker 1: gets the wave around, loses the helmet. Here's the throw.
Speaker 1: Lindoor slides his safely. Jeffs a third base. He gives
Speaker 1: the Mets to nothing lead in the bottom of the
Speaker 1: third inning on WCBS. Later, another two run double that
Speaker 1: from Francisco Lindor. The Mets held San Diego to two
Speaker 1: hits and won five to nothing, fourteen strikeouts by Met pitchers,
Speaker 1: including Max Scherzer, who lost to the Padres in that
Speaker 1: wildcard series. Tampa Bay won again one nothing over the
Speaker 1: Red Sox to raise the first team since the Brewers
Speaker 1: in nineteen eighty seven to start a season ten and oh.
Speaker 1: This was their first close game. They won the first
Speaker 1: nine by at least four runs one time. Yankee Andrew
Speaker 1: Heeney that with Texas, tied American League record. He struck
Speaker 1: out nine batters in a row. NHL regular season winding
Speaker 1: down the Rangers slim hopes to win the Metropolitan Division,
Speaker 1: dealt the blow when Buffalo won three two in a
Speaker 1: shootout at the Garden or Timmy pannerin at both the
Speaker 1: Ranger goals asked for. The Islanders, now in danger of
Speaker 1: missing the playoffs a five two loss at Washington. NBA
Speaker 1: play and starts tonight Atlanta at Miami Minnesota at the
Speaker 1: Lakers Timberwolves without starting center Rudy Gobert, suspended for punching
Speaker 1: his teammate in the game, John Stash Howard Bloombroogs book
Speaker 1: live from coast to coast, from New York to San Francisco,
Speaker 1: Boston to Washington, d C. Nationwide on Sirius, Exam, the
Speaker 1: Bloomberg Business App, and Bloomberg dot Com. This is Bloomberg Daybreak.
Speaker 1: Good morning. I'm Nathan Hager on a morning where President
Speaker 1: Biden is about to get in touch with his roots.
Speaker 1: He has headed to head ancestral homeland of Ireland starting
Speaker 1: today to mark twenty five years since the Good Friday
Speaker 1: peace agreement. But the league of sensitive Pentagon documents has
Speaker 1: made this trip oversees a lot more complicated. For more,
Speaker 1: we are joined this morning by John Raines, director at
Speaker 1: the Global Insights and Analysis Team at SMP Global Market Intelligence. John,
Speaker 1: Good morning, This classified Pentagon leak couldn't come, I guess
Speaker 1: at a worse time for President Biden. How much could
Speaker 1: this overshadow the President's visit to Ireland this week? I
Speaker 1: think it's going to overshadow it to a degree. I mean,
Speaker 1: obviously this is kind of a good news story for
Speaker 1: him to go to Ireland. So I don't know how
Speaker 1: much play this was going to get across the week
Speaker 1: because there's a number of different stories. You brought up
Speaker 1: gun control and the things that are happening in Tennessee
Speaker 1: and elsewhere. So I think this is a feel good story,
Speaker 1: but obviously it's going to detract from his overall message,
Speaker 1: which was, hey, listen, I'm with Ireland, I'm with Northern Ireland.
Speaker 1: Let's get this peace process and celebrate it and move
Speaker 1: on with some type of a hopefully some top of
Speaker 1: an agreement that gets that assembly back in order in Belfast.
Speaker 1: How much influence could the President have on the process,
Speaker 1: given the difficulties that we've seen for the parties in
Speaker 1: Northern Ireland and in the Republic of Ireland to come
Speaker 1: to some kind of agreement on power sharing, you know,
Speaker 1: I think it's possible. I mean, obviously it's a long shot,
Speaker 1: and I think you know, when we hear references from
Speaker 1: the wine House, they are downplaying that the President is
Speaker 1: going to have any influence here to get these minds together.
Speaker 1: But I mean, let's face it. I mean, he has
Speaker 1: iris and just ancestry. He's very very popular, both in
Speaker 1: Northern Ireland and in down South. So I think there's
Speaker 1: a potential here that at least we could get some
Speaker 1: type of negotiations started if not actually some type of
Speaker 1: agreement by the time you leave, which I think is
Speaker 1: probably unlikely. Now you did mention, of course, the latest
Speaker 1: mass shooting in the US as well. We had the
Speaker 1: incident in Nashville just a week ago. Now this latest
Speaker 1: mass killing in Louisville, Kentucky, and it sparked a very
Speaker 1: heated response from President Biden, a statement, I think you
Speaker 1: said something like, how many more Americans need to die
Speaker 1: before Congress does something about this? What kind of progress
Speaker 1: do you think can be made on the gun issue
Speaker 1: when these incidents it's just seemed to keep happening every
Speaker 1: other day, it seems in this country. Yeah, you can
Speaker 1: almost say that this is pretty much every day at
Speaker 1: this point, I mean, depending on how you define a
Speaker 1: mass shooting. But you know, we look at this issue
Speaker 1: on a regular basis. We keep track of all the
Speaker 1: different mass shootings that happen in public spaces, and what
Speaker 1: we find is afterwards really not much. And part of
Speaker 1: the reason there is that both parties are coming at
Speaker 1: this from very different angles. From Republicans, it's really looking
Speaker 1: at mental you know, mental health issues, a you know,
Speaker 1: increased school security, where Democrats are really looking at the
Speaker 1: issue of gun control, and there's very little headway here
Speaker 1: in which we could see. So what we'd normally find
Speaker 1: in these type of situations as lowest common demotomator, so
Speaker 1: probably some increased funding for school security and also maybe
Speaker 1: some mental health issues, but aside from that anything substantial
Speaker 1: pretty unlikely. Do you see this having any residence with voters.
Speaker 1: I mean, we saw the reaction in Nashville where the
Speaker 1: state House reaction seemed to be to expel those lawmakers
Speaker 1: who mounted a gun control protest on the floor. Does
Speaker 1: that have any impact with voters that could move this
Speaker 1: issue one way or the other? I think maybe modestly
Speaker 1: in some maybe swing states or swing districts, we could
Speaker 1: may ebc especially with it's an important issue for younger voters.
Speaker 1: So as long when these groups of individuals start, you know,
Speaker 1: going to the ballot boxes, and it's a possibility we
Speaker 1: could see a slight move here or there. It hasn't
Speaker 1: been really a pivotal issue in the past, but it
Speaker 1: is growing in importance, just like we've seen with climate
Speaker 1: change with young voters as well. So not saying it's
Speaker 1: necessarily the driving feature now, but certainly something to look
Speaker 1: for in the future. So in our last minute here,
Speaker 1: What kind of progress do you think could be made
Speaker 1: either one way or the other when it comes to
Speaker 1: moving this debate. It seems as though, you know, Republicans
Speaker 1: argue that mental health is the issue, while Democrats push
Speaker 1: for more gun restrictions. Is there any movement that you
Speaker 1: can see to bring about some kind of compromise. Well,
Speaker 1: we did see a bipartisan bill that you know, reached
Speaker 1: law last year, so there is some ways that we
Speaker 1: can see folks on Capitol Hill work together. I think
Speaker 1: it really see moves as like you know, banning, you know,
Speaker 1: sim assault weapons, or you know, seeing significant changes in
Speaker 1: gun control. You're probably gonna have to get rid of
Speaker 1: the filibuster in the Senate, and to do that, their
Speaker 1: Democrats are going to need to pick up several seats
Speaker 1: inside the Senate. This is Bloomberg Daybreak Today, your morning
Speaker 1: brief on the stories making news from Wall Street to
Speaker 1: Washington and beyond. Look for us on your podcast feed
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Speaker 1: on Bloomberg eleven three zero in New York, Bloomberg ninety
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Speaker 1: I'm Nathan Hager and I'm Karen Moscow. Join us again
Speaker 1: tomorrow morning for all the news you need to start
Speaker 1: your day right here on Bloomberg Daybreak