Speaker 1: Good morning.
Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 2: stories we're following today.
Speaker 3: We begin this morning with the latest round of criminal
Speaker 3: charges against former President Donald Trump. For the third time
Speaker 3: since he left office, an indictment has been unsealed against
Speaker 3: the former president. This one is tied to the attack
Speaker 3: on the US Capitol on January sixth, the efforts to
Speaker 3: overturn the twenty twenty election. Special Council Jack Smith called
Speaker 3: it an unprecedented assault on American democracy.
Speaker 4: It's described in the indictment it was fueled by lies,
Speaker 4: lies by the defendant targeted at obstructing a bedrock function
Speaker 4: of the US government, the nation's process of collecting, counting,
Speaker 4: and certifying the results of the presidential election.
Speaker 3: Special Council Jack Smith is charging Trump with four counts,
Speaker 3: including conspiracy to defraud the US and conspiracy against the
Speaker 3: right to vote.
Speaker 2: Well Nathan, reaction is pouring into the indictment. Bloomberg Legal
Speaker 2: analyst June Garosso has more the government's case against the
Speaker 2: former president.
Speaker 5: There are six other co conspirators that are not named. However,
Speaker 5: you can also tell who some of them are. It's
Speaker 5: pretty obvious that Rudy Giuliani is one of them and
Speaker 5: some of the other attorneys that were involved in the
Speaker 5: efforts to change the results of the election.
Speaker 2: Bloomberg s Jean Grosso says Trump is accused of using
Speaker 2: the Justice Department to make knowingly false claims about the
Speaker 2: election by having the acting Attorney General sign a formal
Speaker 2: letter backing the claims.
Speaker 3: Well, this and other indictments against Donald Trump are looming
Speaker 3: large in the next presidential election, and these charges in
Speaker 3: particular present a historic moment in presidential politics. We get
Speaker 3: reaction and analysis from Bloomberg political contributor Jeanie she and Zano.
Speaker 6: This is the first former president to be charged with
Speaker 6: trying to steal an election and to impact and disrupt
Speaker 6: the peaceful transfer of power which we have had in
Speaker 6: this country since eighteen hundred when John Adams handed it
Speaker 6: over to Thomas Jefferson, somebody he detested from another party.
Speaker 6: So it is quite an indictment.
Speaker 3: Genie she and Zano notes the former president now faces
Speaker 3: indictments over classified documents at mar A Lago and charges
Speaker 3: over hush payments to an adult film star. In addition
Speaker 3: to this latest indictment, Donald Trump has been instructed to
Speaker 3: appear in court on these latest charges at four pm
Speaker 3: tomorrow in Washington, and.
Speaker 2: Stay with US for more details and analysis on the
Speaker 2: indictment and the political fallout. Now, we have another major
Speaker 2: story to tell you about this morning. The US has
Speaker 2: been stripped of its top tier credit rating by Fitch Ratings,
Speaker 2: and stocks are falling on the news Bloombergy. John Tucker
Speaker 2: joins US now with the story, John and Karen.
Speaker 7: Fitch has downgraded the US one level from triple A
Speaker 7: to triple A plus. Fish criticizes the debt limit clashes
Speaker 7: in Congress waiting till the last minute to raise the
Speaker 7: debt limit, and they take aim at the ballooning deficit
Speaker 7: they first warned back in May they might do this.
Speaker 7: What's the practical effect of all this? We put that
Speaker 7: question New Economic Mickey Levy at Behrenberg.
Speaker 8: It's significant in the short run because obviously markets are
Speaker 8: going to respond.
Speaker 9: In the long run, very very little impact.
Speaker 7: And Libby Cantrell at Pimkell also weighing in.
Speaker 2: I mean is a little bit suspect.
Speaker 6: I don't think we got anything new today that would
Speaker 6: have sort of resulted or precipitated this.
Speaker 7: We've been here before. In twenty eleven s and P
Speaker 7: downgrade at the US credit rating that triggered to sell
Speaker 7: off in stocks but ironically boosted the value of US debt,
Speaker 7: and there's similar reaction this time. Treasury's rallying is investors
Speaker 7: see coount Haven's moody still rates the US sovereign triple A,
Speaker 7: its top grade. In New York, I'm John Tucker, Bloomberg Daybreak.
Speaker 3: All right, John, thank you.
Speaker 9: Well.
Speaker 3: The White House is lashing out at Fitch over that
Speaker 3: downgrade to double A plus. We get that part of
Speaker 3: the story from Bloomberg's Ed Baxter.
Speaker 10: The administration says stripping the US if its top tier
Speaker 10: credit rating is not warranted, saying the US fiscal governance
Speaker 10: practices are strong. It says Fish's decision does not change
Speaker 10: what Americans, investors, and people all around the world already
Speaker 10: know that Treasury securities remain the world's pre eminence safe
Speaker 10: and liquid asset. But this does come two months after
Speaker 10: the bitter standoff on raising the death limit and ahead
Speaker 10: of the threat of no agreement on funding the government
Speaker 10: going forward. In San Francisco, I'm at Baxter, Bloomberg Daybreak.
Speaker 2: All right, Ed, Thanks well, Wall Street is also reacting
Speaker 2: to the downgrade from Fitch and Bloomberg. Steve Rappaport joins
Speaker 2: us with that part of the story.
Speaker 8: Stee you, good morning, Karen and Nathan. Larry Summers and
Speaker 8: Mohammadel Arian joined the chorus of prominent economists criticizing the decision. Summers,
Speaker 8: the former Treasury secretary and the Bloomberg contributor, called the
Speaker 8: move absurd given signs of a stronger economy. Larian said
Speaker 8: he was perplexed, but downplayed the significance of the downgrade.
Speaker 8: In a post on Twitter, now being renamed ex el,
Speaker 8: Arian predicted Fitch's announcement is much more likely to be
Speaker 8: dismissed than having a lasting disruptive impact on the US
Speaker 8: economy and markets in New York. I'm Steve Rappaport, Bloomberg Daybreak.
Speaker 3: Okay, Steve, thanks some other markets news this morning. Advanced
Speaker 3: my Grow Devices is out with earnings that beat estimates.
Speaker 3: The chip makers also touting inroads it's making an artificial
Speaker 3: intelligence that is spurring optimism the company can gain ground
Speaker 3: on Nvidio.
Speaker 2: And Nathan shares a Starbucks are down two percent. The
Speaker 2: company's quarterly sales fell short of estimates. As traffic growth
Speaker 2: slowed in the US, analysa Starbucks earnings show that US
Speaker 2: consumers may be starting to cut back on discretionary services.
Speaker 8: Hry Nathan, thanks, and.
Speaker 2: It's time now for a look at some of the
Speaker 2: other stories making news around the world. For that, we're
Speaker 2: joined by Bloomberg's Amy Morris, Amy, Good morning, Good.
Speaker 3: Morning, Karen.
Speaker 11: Former Vice President Mike Pence says Donald Trump should never
Speaker 11: be president again and is a distraction to the country.
Speaker 11: It is his strongest criticism yet of his former boss
Speaker 11: and current campaign rival. Pence released a statement saying, quote,
Speaker 11: our country is more important than one man. Our constitution
Speaker 11: is more important than any one man's career. The former
Speaker 11: vice president testified before the grand jury and as a
Speaker 11: central figure, and that forty five page indictment of Trump,
Speaker 11: his name or the office of the vice president are
Speaker 11: mentioned more than one hundred times. Meanwhile, Vice President Kamala
Speaker 11: Harris is turning down an invitation from Florida Governor Ron
Speaker 11: de Santis to visit Florida to discuss the state's new
Speaker 11: black history curriculum that suggests enslaved people learned valuable skills.
Speaker 11: Bloomberg's at Nancy Lyons reports.
Speaker 12: Vice President Kamala Harris made her response crystal clear to
Speaker 12: an Orlando gathering of the Women's Missionary Society of the
Speaker 12: African Methodist Episcopal Church.
Speaker 13: There is no roundtable, no lecture, no invitation. We will
Speaker 13: accept to debate an undeniable fact. There were no redeeming
Speaker 13: qualities of slavery.
Speaker 12: And Harris says she will not stop calling out and
Speaker 12: fighting back against those who try to prevent our children
Speaker 12: from learning our true and full history. Nancy Lyon's Bloomberg Radio.
Speaker 11: The migrant crisis is spilling out onto the streets of
Speaker 11: New York. Hundreds of people sleeping and waiting for help
Speaker 11: on the sidewalks outside the Roosevelt Hotel in Midtown Manhattan.
Speaker 11: Mayor Eric Adams spokesman Fabian Levy says the administration is
Speaker 11: trying to figure out a solution.
Speaker 1: We're just simply out of space.
Speaker 5: We've been saying this for.
Speaker 8: Months for you know, almost say furcas point.
Speaker 14: And so what we really need is help from our
Speaker 14: state and federal partners.
Speaker 11: Mayor Adams says they've reached an inflection point a year
Speaker 11: after Texas began bussing migrants from its border towns to
Speaker 11: New York. The Mega Millions jackbot surged to an estimated
Speaker 11: one point two five billion dollars, the fifth largest in
Speaker 11: US history, after no tickets matched all six numbers drawn
Speaker 11: last night. If there is a winner in the next draw,
Speaker 11: they can choose between a one point five one point
Speaker 11: twenty five billion dollar payout spread over thirty years, or
Speaker 11: a lump sum amount of six hundred and twenty five
Speaker 11: million dollars. But after taxes, that'll leave you with about
Speaker 11: three hundred ninety four four million dollars.
Speaker 14: Give or take.
Speaker 11: Global News twenty four hours a day, powered by more
Speaker 11: than twenty seven hundred journalists and analysts in more than
Speaker 11: one hundred twenty countries.
Speaker 3: I'm Amy Morrison. This is Bloomberg.
Speaker 2: Karen all right, Amy, thank you, and it is five
Speaker 2: oh nine on Wall Street Time. Now for the Bloomberg
Speaker 2: Sports Update, Here's John stash Hour, John jarn.
Speaker 15: The Houston Astros who won the World Series last fall
Speaker 15: had themselves.
Speaker 9: Quite a day yesterday.
Speaker 15: First, they made a trade with the Mets to get
Speaker 15: back Justin Verlander, the trade coming exactly six years after
Speaker 15: they acquired him the first time from the Detroit Tigers
Speaker 15: and during his first stint with the Astros, he won
Speaker 15: two Cion Award and twice helped the Astros win the
Speaker 15: World Series. Houston then hosted Cleveland.
Speaker 16: Here's the O, Tita Gallagher broken bat, soft liner peyedya ketches.
Speaker 16: It had a no hitter Proper Boutons first one. The
Speaker 16: creative is Baldonado and the rest of his teammates pile on.
Speaker 16: Propert Valdez was the sixteenth though hitter at Houston Ashville's history.
Speaker 15: ABM had the call. He needed only ninety three pitches
Speaker 15: to go the distance. Red Sox won in Seattle six
Speaker 15: to four. Giants topped Arizona four to three. The A's
Speaker 15: loss of the Dodgers seven to three, Baltimore all over
Speaker 15: Toronto thirteen to three. The Nationals lost in Milwaukee six
Speaker 15: to four. The Iowa State starting quarterback Hunter Deckers accused
Speaker 15: of betting on numerous sporting events, including those involving Iowa
Speaker 15: State and at least one Cyclones football game Ilowit's believed
Speaker 15: he didn't play in that game. An injury to La
Speaker 15: Rams All Pro wide receiver Cooper Cup and training Camp
Speaker 15: left with an injured hamstring.
Speaker 7: John Stashewer Bloomberg.
Speaker 17: Scourt from coast to coast, from New York to San Francisco,
Speaker 17: Boston to Washington, DC, nationwide on Sirius Exam the Bloomberg
Speaker 17: Business appen Bloomberg dot Com. This is Bloomberg Daybreak.
Speaker 3: Good morning. I'm Nathan Hager. This morning, the legal pressure
Speaker 3: continues to build around former President Donald Trump, even as
Speaker 3: he remains the runaway front runner in the Republican primary
Speaker 3: race to return to the White House. The latest charges
Speaker 3: against the former president from the Justice Department or tied
Speaker 3: to the events of January sixth. Special Council Jack Smith
Speaker 3: says Trump knowingly spread false claims about the twenty twenty
Speaker 3: election in a conspiracy to defraud the US and American voters.
Speaker 4: Since the attack on our capital, the Department of Justice
Speaker 4: has remained committed to ensuring accountability for those criminally responsible
Speaker 4: for what happened that day. This case has brought consistent
Speaker 4: with that commitment.
Speaker 3: Special Counsel Jacksmith spoke after the indictment was unsealed yesterday
Speaker 3: in Washington for more on this latest criminal case against
Speaker 3: the former president and its impact on the twenty twenty
Speaker 3: four campaign. We are very pleased to be joined this
Speaker 3: morning for a roundtable discussion by Terry Haynes, founder of
Speaker 3: Pangaea Policy, and Greg Valier, chief US policy strategist at
Speaker 3: AGF Investments. Gentlemen, it's good to have both of you
Speaker 3: with us, and I want to start with you, Terry,
Speaker 3: because in the past you've called these mounting legal troubles
Speaker 3: for the former president death by one thousand paper cuts.
Speaker 3: How big a cut is this for the former president?
Speaker 9: You know, good morning, Nathan. It's another cut mitigated only
Speaker 9: because we all had a pretty good idea it was coming.
Speaker 9: But you know, there's what we've seen in Washington in
Speaker 9: the past week is a lot of truth stretching all
Speaker 9: the way around. I don't have to belabor mister Trump's
Speaker 9: truth stretching because that's been very well covered over the
Speaker 9: past years. You have a difficult you have a situation
Speaker 9: where for markets, first and foremost, in the last week,
Speaker 9: you've got greater uncertainty about the twenty twenty four presidential race,
Speaker 9: not only because of mister Trump though, but also because
Speaker 9: of the president and the president's son, because the Hunter
Speaker 9: Biden scandal. You know, it gets ever closer to the
Speaker 9: White House, and UH as the White House story changes,
Speaker 9: UH from a situation of Biden was never in business
Speaker 9: with the son. Now it was never discussed. And h
Speaker 9: you know, we've we have a new, a new contribution
Speaker 9: to the political lexicon in the the illusion of access
Speaker 9: to the uh from from mister Hunter, Biden's business partner,
Speaker 9: Devin Archer. So you know, Biden's on some choppy sees
Speaker 9: here as well. And uh, finally, you know, on the indictment. Uh,
Speaker 9: you know, one thing I'll point out is everybody's been
Speaker 9: waiting for a January sixth indictment with dealing with mister Trump.
Speaker 9: But you know what you've got here is Smith wanting
Speaker 9: it both ways. The indictment itself says that Trump and
Speaker 9: quote has a right like every American to speak publicly
Speaker 9: about the election and even to claim falsely that there
Speaker 9: had been outcome determinative fraud and that he had won
Speaker 9: quote from the indictment. So what Smith's hanging has had
Speaker 9: on is the illusion that he's doing a whole lot
Speaker 9: more about Trump in January sixth than he had been before.
Speaker 9: That's going to be very tough to prove. And you know, prosecutors,
Speaker 9: you know, not being as forthright as possible and not
Speaker 9: bringing their best evidence for the charge they claim that
Speaker 9: they're bringing. I think does no credit on the Justice
Speaker 9: Department or anything else, and it's all going to make
Speaker 9: things worse.
Speaker 3: Lot's unpack there. Let's bring you into this conversation, Greg
Speaker 3: value of AGF investments. What's your reaction to this indictment?
Speaker 3: Is it truth stretching as Terry Haynes seems to suggest.
Speaker 14: Here, Well, I have a contrarian view, Nathan Goodmore. I
Speaker 14: think in the last week or so, Trump has gotten stronger.
Speaker 14: You look at his poll numbers. He's up by about
Speaker 14: ten extra points since the first indictment in late March.
Speaker 14: He leads to Santis by thirty, thirty five, even forty
Speaker 14: points in a lot of key states, and I don't
Speaker 14: think that's going to change at all. On the other hand,
Speaker 14: you've got Joe Biden, I think almost certainly lying when
Speaker 14: he said he never discussed business with his son. You've
Speaker 14: got a continued focus on Biden's age, and I think
Speaker 14: that again, to be contrarian. Trump is clearly the favorite
Speaker 14: to win the Republican nomination, and it's not out of
Speaker 14: the question all of a sudden that he could win
Speaker 14: the presidency. Most polls show a dead heat. Then the
Speaker 14: issue becomes could Donald Trump's self pardon on inauguration Day?
Speaker 14: There's all sorts of scenarios. I wrote about some with
Speaker 14: them this morning. I think it's premature to totally rule
Speaker 14: out Donald Trump.
Speaker 3: You both mentioned the timing here coming as the current
Speaker 3: president is facing some questions about the Hunter Biden case.
Speaker 3: Greg are you implying that there could be some timing
Speaker 3: here in bringing out this indictment at a time where
Speaker 3: there has been focused at least on Capitol Hill from
Speaker 3: House Republicans on the Hunter Biden case.
Speaker 14: I don't know. You could argue that there might be
Speaker 14: some connection, hard to say, and there's going to be
Speaker 14: another indictment in all likely later this month in Georgia,
Speaker 14: so the indictments are hard to time. I would just
Speaker 14: argue that even with these indictments, Trump can run, Even
Speaker 14: if he's convicted, he can still run.
Speaker 3: Yeah, that's true. I want to bring you back in here, Terry,
Speaker 3: to talk about how this could potentially affect the presidential race.
Speaker 3: We know that in the past the former president has
Speaker 3: been able to capitalize on these legal issues, saying that
Speaker 3: it's a witch hunt, that everyone's out to get him,
Speaker 3: and that it's a political conspiracy. Do you expect that
Speaker 3: to continue? And how can other candidates, the also rans
Speaker 3: in this presidential race try to get past this massive
Speaker 3: lead that the president has right now.
Speaker 9: Well, Nathan, my view has been for some time and
Speaker 9: remains today that I think we've seen peak Trump and
Speaker 9: that I think it's downhill from here for him. I
Speaker 9: don't think that's going to be precipitous or quick, by
Speaker 9: the way, but then again, we've got six but basically
Speaker 9: six months before the first votes are cast in the primaries,
Speaker 9: and that's a very long time in politics. I think
Speaker 9: this is death by a thousand paper cuts. And you're
Speaker 9: already starting to see the things that I've been predicting
Speaker 9: for the past few months happen with a number of
Speaker 9: the candidates, Vice President Pence and others talking about how
Speaker 9: how Trump should know that this is proof that Trump
Speaker 9: should never serve again in any sort of federal for
Speaker 9: president or any other sort of federal office. You're going
Speaker 9: to see a ramp up of attacks by the candidates.
Speaker 9: So you're going to see an indication by the candidates
Speaker 9: that they think that the prosecutions are politicized, but the
Speaker 9: Trump is unfit to serve and frankly that they offer
Speaker 9: a they offer an alternative that is the kind of
Speaker 9: policies that were advanced by Trump and by Republicans during
Speaker 9: the Trump administration without the baggage. And that's going to
Speaker 9: range from you know, people like Pence to people like
Speaker 9: Ramaswami all the way to somebody like Senator Scott of
Speaker 9: South Carolina who brings a very kind of joyful and
Speaker 9: very different look to the race.
Speaker 3: We do have three weeks until the first debate in
Speaker 3: this Republican presidential race, Greg, does this case become all
Speaker 3: about what these candidates are going to be talking about?
Speaker 3: And do you think Trump's going to show up for
Speaker 3: this when he's under three rounds of indictments.
Speaker 14: My guess is that he can't resist a camera, so
Speaker 14: he probably will show up at the debate. I mean,
Speaker 14: I hope this doesn't degenerate just into personal attacks and
Speaker 14: that we actually talk about issues social security, do we
Speaker 14: extend the Trump tax cuts? There are a wide range
Speaker 14: of issues, a funding for Ukraine that hopefully will become
Speaker 14: part of the narrative, and we don't just talk about indictments.
Speaker 3: Only have about a minute left here, but I've got
Speaker 3: to get you both very quickly on the Fitch ratings decision.
Speaker 3: I mean, if there hadn't been another indictment against the
Speaker 3: former president, that probably would have been the top story. Greg,
Speaker 3: what do you see out of this Fitch Ratings decision
Speaker 3: to downgrade the US credit.
Speaker 14: Oh, it's a story for today. It might affect stocks
Speaker 14: a little bit today, but I think think longer term
Speaker 14: the impact is modest. I would agree with Larry Summers
Speaker 14: for a change, and I would agree with Muhammad al
Speaker 14: I would agree with Muhammad al Aria. I think they're
Speaker 14: correct and that this is a one or two or
Speaker 14: three day wonder, not a persistent problem for US treasuries.
Speaker 3: And Terry your thoughts just quickly quickly.
Speaker 9: Yeah. Firstly, I think it's bad news for Biden politically.
Speaker 9: It undercuts the Bidenomics charge. Secondly, I think it undercuts Fitch.
Speaker 9: I think there's a lot of political motivation in this charge.
Speaker 9: You know, Fitch has been around for however many years,
Speaker 9: but you know, we've gone one hundred years with the
Speaker 9: current system we've had in the United States of funding
Speaker 9: the government, and you know, now they're going to get
Speaker 9: upset about debt ceiling and annual appropriations and finally on
Speaker 9: the economists, I would point out that many of the
Speaker 9: same people that are criticizing Fitch are also people that
Speaker 9: helped create the situation through endorsing money printing in the
Speaker 9: kind of fiscal ballooning Fitsch falls out.
Speaker 3: Good to get your thoughts on both the Fitch ratings
Speaker 3: downgrade for the US and the indictment of former President
Speaker 3: Donald Trump. Terry Haynes of Pangaea Policy with us on
Speaker 3: the phone this morning, and Greg Valier, your chief US
Speaker 3: policy strategistic AGF Investments, joining us via zoom this morning. Now,
Speaker 3: this latest indictment against Donald Trump adds to an already
Speaker 3: packed court schedule. Even more charges could be on the
Speaker 3: way right in the heart of the campaign season. For
Speaker 3: more on how this latest case might play out and
Speaker 3: reaction to the indictment, we're joined now by Bloomberg Law
Speaker 3: host June Grosso. June, I know you've been able to
Speaker 3: read this indictment probably a couple of times.
Speaker 7: Here.
Speaker 3: What's your reaction to the potential seriousness of these charges
Speaker 3: and how they compare to the last round of charges
Speaker 3: from Special Counsel Jack Smith on the classified documents.
Speaker 18: Well, these charges are very serious and I'd say that
Speaker 18: this case is more difficult case for the Special Council
Speaker 18: then the Classified Documents case. Classified Documents case is a
Speaker 18: little more straightforward and easier to prove. But this case
Speaker 18: is important, very important, because of course of what it
Speaker 18: alleges against Donald Trump, and it's laid out really well.
Speaker 18: It's sort of the both cases. What we see is
Speaker 18: what's called the talking indictment, whereby reading the indictment you
Speaker 18: can see exactly what the government is going to have
Speaker 18: to prove, the kind of evidence they have, and in
Speaker 18: both cases they have a tremendous amount of evidence, and
Speaker 18: it's just a question of what Donald Trump can do,
Speaker 18: what kind of defense he can raise. As far as timing,
Speaker 18: it's hard to tell what's going to happen and when
Speaker 18: the cases are going to go forward. Because May twenty
Speaker 18: if is when the Classified Documents case is supposed to
Speaker 18: go to trial, but now that there's additional defendant and
Speaker 18: additional charge, just I don't know that it's actually going
Speaker 18: to meet that May twentieth, and it's any guess when
Speaker 18: this case is going to trial. Trial, But the Special
Speaker 18: Counsel is trying to get a speedy trial, he said,
Speaker 18: because and One of the reasons I think that we
Speaker 18: see only Donald Trump charge is that they want to
Speaker 18: move this very quickly and they want to eliminate any
Speaker 18: problems they have if there are more defendants in the case.
Speaker 3: Yeah, we did hear Jack Smith say that he wanted
Speaker 3: a speedy trial. But we've seen in the past that
Speaker 3: former President Trump's legal team has tried to delay proceedings
Speaker 3: many times before in the past cases as well. What
Speaker 3: potential delays could the former president's team try to mount
Speaker 3: based on this indictment.
Speaker 18: Well, first of all, they could you know, little delays,
Speaker 18: just delays for procedural issues, all kinds of like they
Speaker 18: can file motion motion, practice, motion after motion, mass motion,
Speaker 18: trying to get more information, or you know, just the'll file.
Speaker 18: It's sort of like I remember going to work at
Speaker 18: a law firm and leaving three years later, and one
Speaker 18: of the cases I worked on that was there seven
Speaker 18: years before was still waiting to be tried because there
Speaker 18: are so many just prosidial motions that you can raise.
Speaker 18: And also, what's going to happen here is Trump has trials.
Speaker 18: October second of twenty three is the New York Journey
Speaker 18: General's Fraud Trual January fifteenth of twenty twenty four is
Speaker 18: Egene Carrol's second defamation suit. March twenty fifth of twenty
Speaker 18: twenty four is the Manhattan criminal trial over the alleged
Speaker 18: hush payments, and then May twentieth, twenty twenty fours is
Speaker 18: handling up classified documents. So they're going to go into
Speaker 18: court and say, your honor, we can't possibly handle all
Speaker 18: these trials. We have to we need the breadth, and
Speaker 18: we need time, and so that's going to be a
Speaker 18: think a big delay factor is just when can they
Speaker 18: actually go to trial? And you know, you have to
Speaker 18: give the defendant. One thing that's really, you know, easy
Speaker 18: to do or easy to understand, is the defendant saying,
Speaker 18: wait a second, your honor, this isn't fair. I can't
Speaker 18: handle all these things at once. I can't be in
Speaker 18: all these different places at once. And so those kinds
Speaker 18: of things.
Speaker 3: All this is coming in the midst of a presidential
Speaker 3: campaign as well, that's on top of the schedule. Does
Speaker 3: that raise the possibility that all this could get pushed
Speaker 3: back until after the election.
Speaker 18: Well, that's something that the Special counsel is going to
Speaker 18: try desperately not to happen. He's going to try everything
Speaker 18: to try to move one of these cases at least
Speaker 18: before the election. But you know it is a possibility
Speaker 18: that is after the election. It's just hard to see
Speaker 18: at this point how they can move all these cases
Speaker 18: so quickly.
Speaker 1: This is Bloomberg Daybreak Today, your morning brief on the
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