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 in our nation's capital. The Senate border deal
Speaker 3: that includes funding for Ukraine and Israel appears dead ahead
Speaker 3: of a key vote. Bloomberg's Amy Morris has the latest
Speaker 3: from Washington.
Speaker 4: Senate Minority Leader Mitch McConnell says it's clear the deal
Speaker 4: won't become law.
Speaker 5: It looks to me.
Speaker 6: And to most of our members as if we had
Speaker 6: no real chance here to make a law.
Speaker 4: That's because Speaker Mike Johnson says the bill would be
Speaker 4: dead on arrival in the House, claiming it doesn't go
Speaker 4: far enough to stop the flow of illegal immigration. Senate
Speaker 4: Majority Leader Chuck Schumer slammed the gops about face, accusing
Speaker 4: Republicans of cowering to Donald Trump.
Speaker 7: Lead McConnell and the Republican conference did one hundred and
Speaker 7: eighty degree reversal. They were quaking at the knees at
Speaker 7: the fear of Donald Trump.
Speaker 4: The first procedural vote is scheduled for later today in Washington.
Speaker 4: Amy Morris, Bloomberg Radio, All right, Amy, thanks.
Speaker 2: Meanwhile, House Republicans have failed to impeach Homeland Security Secretary
Speaker 2: Alejandro Majorkiss, and Bloomberg's Ed Baxter reports.
Speaker 8: The vote is certainly an embarrassment for the GOP, which
Speaker 8: thought it had this wrapped up going in. The final
Speaker 8: vote was two fourteen in favor and two sixteen against.
Speaker 8: It was tied until one of the votes got changed
Speaker 8: in a procedural move so that the issue could be
Speaker 8: brought back for reconsideration.
Speaker 5: Now.
Speaker 8: Some GOP members were not happy at all. Representative Ralph
Speaker 8: Norman said the leaders should have had the vote count
Speaker 8: going in, saying you don't put it on the floor
Speaker 8: without knowing. Representative Marjorie Taylor Green saying those who voted
Speaker 8: against it will hear from voters. Ed Baxter Bloomberg.
Speaker 1: Radio, Okay and thank you.
Speaker 3: In another setback for Speaker Mike Johnson, the House also
Speaker 3: failed to pass a standalone aid package for Israel. That
Speaker 3: seventeen point six billion dollar legislation required a two thirds
Speaker 3: majority to pass. The vote there was two fifty to
Speaker 3: one eighty. Today, Secretary of State Anthony Blincoln meets with
Speaker 3: israel lely leaders as Hamas signals it is open to
Speaker 3: a new ceasefire and hostage release deal In Gaza. B
Speaker 3: Lincoln expressed some optimism after meeting yesterday with the leaders
Speaker 3: of Katar and Egypt.
Speaker 9: We continue to believe that an agreement is possible and
Speaker 9: indeed essential.
Speaker 3: Secretary of State Lincoln's on his fifth trip to the
Speaker 3: Middle East since the Gaza War began. According to Allarabia Television,
Speaker 3: Hamas wants a one hundred and thirty five day truce
Speaker 3: that could be rolled out in three stages. The second
Speaker 3: stage calls for Israel to pull all its forces from Gaza.
Speaker 3: Israeli Prime Minister Benjamin Netanyahu has insisted the war won't
Speaker 3: end until Hamas is destroyed.
Speaker 2: Meywhile Nathan and the race for presidency and Nikki Hailey
Speaker 2: has suffered a loss in the largely symbolic Republican Nevada
Speaker 2: President Joe primary, while President Joe Biden secured an easy
Speaker 2: victory in the state's Democratic vote with more than half
Speaker 2: the vote counted. None of these candidates had more than
Speaker 2: sixty one percent of the vote to Hailey's thirty two
Speaker 2: point four percent.
Speaker 3: And Karen changes could be coming at the Republican National Committee,
Speaker 3: Bloomberg News has learned Chairwoman Ron McDaniel's in discussions with
Speaker 3: party leadership to step down by the end of this month.
Speaker 3: Sources Saint McDaniel's been facing pressure from Donald Trump well Nathan.
Speaker 2: Turning to the markets and the economy, more FED officials
Speaker 2: are dousing any hopes of a March rate cut, And
Speaker 2: here's Cleveland FED President Loarrettamester.
Speaker 10: It would be a mistake to move rates down too
Speaker 10: soon or too quickly without sufficient evidence that inflation was
Speaker 10: on a sustainable timely path back to two percent. If
Speaker 10: the economy evolves as I expect I think it will,
Speaker 10: I think we will gain that confidence later this year,
Speaker 10: and then we can begin moving rates down.
Speaker 2: Cleveland FED President Lorettamester remarks echo those from several policymakers,
Speaker 2: including chair j Powell, who signaled that they're comfortable taking
Speaker 2: their time cutting rates from a two decade high.
Speaker 3: Started Company News Now, Karen, we're watching Community or a
Speaker 3: New York Community Bank Corps. That's after its credit grade
Speaker 3: was cut to junk at Moody's let's get the details
Speaker 3: now from Bloomberg's John Tucker.
Speaker 6: Johnny and Nathan Moody says the bank is facing multi
Speaker 6: fed financial risks and governance challenges. They've lowered the company's
Speaker 6: long term issue rating two notches below investment grade. Yeah,
Speaker 6: that's junk. The trouble began after it acquired assets of
Speaker 6: Signature Bank last year in the regional bank crisis that
Speaker 6: pushed NYCB into a different regulatory category where it had
Speaker 6: to beef up reserves. Now, just last week, NYCB announced
Speaker 6: plans to slash the dividend and warned of troubled loans
Speaker 6: time to commercial real estate. The socks down fifty nine
Speaker 6: percent year to date. This morning in the pre market trading,
Speaker 6: it's down another ten percent. John Tucker, Bloomberg.
Speaker 2: Radio, All right, John, thank you New York community. Not
Speaker 2: the only one taking it on the chin today. Snap
Speaker 2: shares are down about thirty percent this morning, make it
Speaker 2: thirty one percent. Even the owner of the Snapchat app
Speaker 2: posted disappointing revenue in the holiday quarter. It's to sad
Speaker 2: the company is still reeling from a slump in its
Speaker 2: digital advertising business. On the flip side, shares of Ford
Speaker 2: are up more than six percent. The automaker posted fourth
Speaker 2: quarter results above estimates and forecast higher profits twenty four Karen.
Speaker 3: We now turn to a transformative deal in the sports
Speaker 3: broadcasting industry. Walt Disney's ESPN, Fox, and Warner Brothers Discovery
Speaker 3: are joining forces to launch a sports focused streaming service
Speaker 3: that will feature major college and pro games that are
Speaker 3: usually seen only on traditional television. We get the details
Speaker 3: now from Bloomberg's Charlie Pellett.
Speaker 11: The service will be a third owned by each company.
Speaker 11: Pricing and a name have yet to be determined. According
Speaker 11: to a statement, they expect to launch the new service
Speaker 11: by the fall of this year. The aim is to
Speaker 11: draw in viewers who don't subscribe to a PayTV bundle
Speaker 11: and offer them all of the sports that come with
Speaker 11: such a package. It'll include Disney's ESPN and ABC Networks,
Speaker 11: Fox and waterer channels including TNT and TBS in New York.
Speaker 11: Charlie Pellett, Bloomberg Radio.
Speaker 2: It's time now for look at some of the other
Speaker 2: stories making news around the world, and for that we're
Speaker 2: joined by Bloomberg Samy Morris, Sammy Goodmore.
Speaker 4: Good Morning Karen. President Biden will attend three fundraisers hosted
Speaker 4: by New York doctors and financiers as he looks to
Speaker 4: extend his cash advantage over Republican rival Donald Trump. The fundraisers,
Speaker 4: which will largely be held during the afternoon, but could
Speaker 4: bleed into rush hour traffic. Come after. The President's re
Speaker 4: election campaign raised ninety seven million dollars in the fourth
Speaker 4: quarter of twenty twenty three and reported one hundred and
Speaker 4: seventeen million dollars on hand. The president has attended a
Speaker 4: series of high dollar fund raisers recently, including a trip
Speaker 4: last week to Miami in Palm Beach. The Biden campaign
Speaker 4: hopes a cash edge can help the president overcome poles
Speaker 4: that show him consistently trailing Donald Trump, who is now
Speaker 4: closing in on the Republican nomination. Areas of southern California
Speaker 4: are trying to dry out after an extreme weather system
Speaker 4: pummeled the region with heavy rain and strong winds. Los
Speaker 4: Angeles Fire Chief at Kristin Crowley the road.
Speaker 12: To recovery may be long and it requires an all
Speaker 12: hands on deck approach. Damage assessments have started and all
Speaker 12: city departments will continue to coordinate and support our recovery effort.
Speaker 4: Chief Growley says there is still danger from falling trees
Speaker 4: and mud slides, but the recovery has begun slowly as
Speaker 4: power is being restored and there is more rain in
Speaker 4: the forecast. For today. While it's not expected to be
Speaker 4: heavy rain, it does increase the risk of more mud slides.
Speaker 4: An alarming trend on the nation's highways, more roadside assistants
Speaker 4: workers are being killed. A study by TRIPAA finds one
Speaker 4: hundred and twenty three such workers were killed by passing
Speaker 4: vehicles between twenty fifteen and twenty twenty one, study author
Speaker 4: Brian Teft.
Speaker 13: While they do what they do to make sure we
Speaker 13: can all make it home to our family safely, sometimes
Speaker 13: they don't make it home. So this research is all
Speaker 13: about understanding the risks that they face and figuring out
Speaker 13: what we can do to better protect them.
Speaker 4: The study finds eighty four percent of the crashes involving
Speaker 4: roadside assistance worker fatalities were in good weather conditions, no
Speaker 4: wet or slippery roads. Switching up arms for multi dose
Speaker 4: vaccines could improve immune response by up to four times.
Speaker 4: That's according to new research out of Oregon Health and
Speaker 4: Science University, which looked at how people received COVID nineteen
Speaker 4: vaccine shots, where searchers say it could have implications for
Speaker 4: other types of vaccines as well. Global News twenty four
Speaker 4: hours a day and whenever you want it with Bloomberg
Speaker 4: News Now. I'm Amy Morrison. This is Bloomberg Karen.
Speaker 2: All right, Amy, thank you what We bring you news
Speaker 2: throughout the day right here on Bloomberg Radio. But now
Speaker 2: you can get the latest news on demand whenever you
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Speaker 2: Time for the Bloomberg Sports Update with John stash Hour.
Speaker 14: John darn The Edmonton Oilers have not lost the game
Speaker 14: since December nineteenth. Their sixteen game winning stree came to
Speaker 14: an end, losing three to one at Vegas.
Speaker 11: They fall just short of time.
Speaker 14: The NHL's all time record still belongs to the Pittsburgh Penguins,
Speaker 14: who won seventeen in a row in nineteen ninety three.
Speaker 14: Bruins lost at home to Calgary four to one, and
Speaker 14: the Capitols lost at home to Montreal five to two.
Speaker 14: Kyrie Irving, back in Brooklyn, spent three and a half
Speaker 14: years with the Nets. A lot of controversies there, didn't
Speaker 14: get vaccinated, tweeted a link to an antisemitic film. Forced
Speaker 14: to trade to Dallas. He scored thirty six points for
Speaker 14: the MAVs. They beat the Nets one nineteen to one
Speaker 14: oh seven. Luka Domsic had thirty five points, eighteen rebounds
Speaker 14: and nine as six.
Speaker 11: Couple of changes for.
Speaker 14: The All Star rosters as Joe l Embiid and Julius
Speaker 14: Randall are both injured and can't wway, so they'll be
Speaker 14: replaced by Trey Young and Scotty Barnes. Clayton Kershaw will
Speaker 14: return to the Dodgers for a seventeen season at the
Speaker 14: age of thirty five. He had a great twenty twenty
Speaker 14: three in the regular season and then got lit up
Speaker 14: in his one postseason start. Gave up six runs and
Speaker 14: only got one out Kurshross. Coming off shoulder surgery, he
Speaker 14: likely won't pitch until July. College oops Yukon's number one
Speaker 14: and prove it to twenty one and two eleven and
Speaker 14: one of the Big East. Husky's beat Butlers seventy one
Speaker 14: to sixty two. The upset was in the ACC Clemson
Speaker 14: was up by sixteen held on to beat North Carolina
Speaker 14: eighty to seventy six. The Tigers are now two and
Speaker 14: fifty one in their history. Playing at Chapel Hill. Johns
Speaker 14: stash that were Bloomberg's.
Speaker 9: Ft from coast to coast, from New York to San Francisco,
Speaker 9: Boston to Washington, DC, nationwide on SYRIASXAM, the Bloomberg Business
Speaker 9: app in Bloomberg dot Com. This is Bloomberg Daybreak.
Speaker 3: Good morning, I'm Nathan Hager. Divided government is nothing new
Speaker 3: in Washington, d C. But this morning there are even
Speaker 3: more cracks on multiple fronts. A bipartisan deal on Ukraine,
Speaker 3: ad and border security looks all but dead in the Senate.
Speaker 3: A bid to impeach Homeland Security Secretary Alejandro Mayorcis has
Speaker 3: gone down in a surprise defeat in the House. The
Speaker 3: presidential race, Nikki Hayley has taken an embarrassing loss in
Speaker 3: the largely symbolic Republican primary in Nevada. Lots to discuss
Speaker 3: in politics. Let's do it now with Greg Valier, chief
Speaker 3: US policy strategist at AGF Investments. Greg, good morning, saw
Speaker 3: your note this week that Congress has hit rock bottom.
Speaker 3: When the border security Ukraine deal looked on the brink
Speaker 3: in the Senate. Do you have a new support level
Speaker 3: for US politics this morning?
Speaker 5: Good morning, Nathan. Now, it's pretty difficult to get much
Speaker 5: lower than they are right now. It's an embarrassment. They're
Speaker 5: dysfunctional and sadly, I don't see a lot of improvement
Speaker 5: as we head to the next crisis, which is end
Speaker 5: of February early March on getting a budget before.
Speaker 3: We get to that point. I mean, we do get
Speaker 3: closer to that government shut down deadline, but what is
Speaker 3: going on when it comes to the paralysis we saw?
Speaker 3: And this bypart is in deal. We heard President Biden
Speaker 3: yesterday calling on Republicans to show some against former President Trump.
Speaker 3: Is this all about his influence on the GOP?
Speaker 5: I think two things, Nathan. First of all, the new
Speaker 5: Speaker of the House, who's a rookie who's feeling his
Speaker 5: way around Capitol Hill, Mike Johnson, is trying to assert
Speaker 5: himself and it's not easy. The bigger story, in my opinion,
Speaker 5: involves Donald Trump, who is calling the shots. Incredibly, eight
Speaker 5: or nine months before the election, Trump is calling the shots.
Speaker 5: You've got a weakened Senate majority leader in Mitch McConnell,
Speaker 5: and you've got Mike Johnson, and neither of them are
Speaker 5: capable of getting a deal. So Trump is in the picture.
Speaker 3: With Trump in the picture, let's talk about this government
Speaker 3: shut down deadline. Does that raise the risk that we
Speaker 3: could see a shut down if the former president does
Speaker 3: continue to assert his influence on Capitol Hill.
Speaker 5: Yeah, there's a risk if he comes out out and
Speaker 5: asserts that we must have a setdown, that would influence
Speaker 5: a lot of people. I still think though the more
Speaker 5: likely outcome THEES once again kick the can, kick the
Speaker 5: can down the road and have another extension well into
Speaker 5: the spring. There are many people in the House who
Speaker 5: wouldn't mind having just one extension after another through the
Speaker 5: fiscal year, which ends on September thirty.
Speaker 3: What does this impass on border security and Ukraine aid
Speaker 3: mean politically for President Biden. We've seen swing state polling
Speaker 3: from Bloomberg News in Morning Consult that shows that the
Speaker 3: imrogration issue is a vulnerability for the president. With this
Speaker 3: deal not getting through, what does that mean for the
Speaker 3: president politically?
Speaker 5: Nothing good, and it certainly makes our allies around the
Speaker 5: world nervous. Vladimir Putin has said for quite some time
Speaker 5: that the US is not a dependable ally. Well, we're
Speaker 5: seeing now that maybe we are not a dependable ally
Speaker 5: and that doesn't help Joe Biden.
Speaker 3: And when it comes to the assertion of House Speaker
Speaker 3: Mike Johnson's influence, we saw more evidence of just how
Speaker 3: difficult that's been with this surprise defeat for the impeachment
Speaker 3: articles he's been pushing against Homeland Security Secretary Alejandro Mayorcis.
Speaker 3: How surprised were you by that going down and defeat
Speaker 3: last night?
Speaker 5: Not terribly so. I thought a few Republicans would waiver
Speaker 5: and vote against. But I tell you, Nathan, this new
Speaker 5: Speaker Johnson is on thin ice if he can't get
Speaker 5: a budget deal. If he decides he's got to go
Speaker 5: with some Democrats to get a deal done, I think
Speaker 5: the right wing in the House could give in the boot.
Speaker 3: How likely do you think that is when we've seen
Speaker 3: multiple speaker Well we had a former Speaker Kevin McCarthy
Speaker 3: last not that long. But do the Republicans really want
Speaker 3: to go through another speakership fight with so much difficulty
Speaker 3: getting any policy done in Washington?
Speaker 5: Yeah, it's mind boggling. It makes no logical sense. But
Speaker 5: you know, since when did logical sense domine Washington. It's
Speaker 5: been a very dysfunctional period, and sadly, I don't see
Speaker 5: the dysfunction ending anytime soon.
Speaker 3: In our last thirty seconds here, Greg, let's talk about
Speaker 3: the presidential race as well. The symbolic defeat for Nikki
Speaker 3: Haley in Nevada. Is it just symbolic or does it
Speaker 3: have implications for her going into South Carolina later this month?
Speaker 5: Pretty much symbolic, but it's not a good headline for
Speaker 5: her today, and she's not going to win in South
Speaker 5: Carolina in my opinion. She's got until Super Tuesday, March fifth.
Speaker 5: She wins a primary or two or three on March fifth,
Speaker 5: she's back in the picture, but I'm not sure she's
Speaker 5: going to win any primaries then, and once those primaries
Speaker 5: are over, I think Trump becomes the presumptive nominee by
Speaker 5: mid March.
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