Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
Speaker 2: are the stories we're following today.
Speaker 3: We begin with the deadlock broken in the House over
Speaker 3: billions of dollars in foreign aid. After a six month impassed,
Speaker 3: lawmakers on both sides of the Isle voted to advance
Speaker 3: ninety five billion dollars in assistance to Ukraine, Israel, and Taiwan.
Speaker 3: House Speaker Mike Johnson worked with Democrats and overcame an
Speaker 3: ouster threat from conservatives in his own party to secure
Speaker 3: the three hundred eleven to one hundred twelve vote. House
Speaker 3: Foreign Affairs Chairman Michael McCall says he thinks the speaker's
Speaker 3: job is safe.
Speaker 1: I'm so proud the Speaker, Mike Johnson. He went through
Speaker 1: a transformation. At the end of the day, a profile encourage.
Speaker 4: Is putting the nation above yourself, and that's.
Speaker 5: What he did.
Speaker 3: Foreign Affairs chair Michael McColl spoke on ABC's This Week,
Speaker 3: and Ukrainian President vladimir's Lenski went on NBC's Meet the
Speaker 3: Press to express his gratitude this.
Speaker 6: Aid will strengthen Ukraine and the femline upon powerful signal
Speaker 6: that it will not be the second Afghanistan. The United
Speaker 6: States will stay with Ukraine.
Speaker 3: President Zelenski spoke through an interpreter. Now the Senate plans
Speaker 3: to hold its first votes on the measure tomorrow. Senate
Speaker 3: Intelligence Chairman Mark Warner says, from there, the aide should
Speaker 3: get out relatively quickly.
Speaker 1: Once the President signs.
Speaker 7: We've been told that there is it is the President's signature,
Speaker 7: making sure Congress does its job that these materials will
Speaker 7: be entranted by the end.
Speaker 5: Of the week.
Speaker 3: Senator Warner was a guest on CBS's Face the Nation,
Speaker 3: which airs Sundays on Bloomberg Radio along with Meet the
Speaker 3: Press and ABC's This Week.
Speaker 1: Well Nathan tied to that aid package.
Speaker 2: The House also passed a measure requiring TikTok's owner by
Speaker 2: Dance to sell its stake in the social media firm
Speaker 2: if the Chinese company refuses to divest the platf for
Speaker 2: a maybe band in the United States. Sources have told
Speaker 2: Bloomberg that by Dance intends to fight the effort in
Speaker 2: court before he considers any kind of sale. Meanwhile, the
Speaker 2: TikTok executive who was tasked with easing US lawmaker's concerns
Speaker 2: is reportedly leaving his position. We get more with Bloomberg's
Speaker 2: Ed Baxter.
Speaker 8: The reports say that TikTok is letting him go, saying
Speaker 8: he wasn't doing enough to stave off US security concerns
Speaker 8: regarding its ties with owner Byte Dance in China. Eric
Speaker 8: Anderson's role had been incrementally reduced, but with the passage
Speaker 8: of the divest bill passed by the House over the weekend,
Speaker 8: it looks now more imminent. A TikTok statement said the
Speaker 8: reports were false, but then the publication the information said
Speaker 8: Anderson has informed his legal team that he is leaving
Speaker 8: and that it is his decision. Ed Baxter, Bloomberg Radio.
Speaker 3: Okay, thank you now to the latest on the hush
Speaker 3: money criminal trial of Donald Trump. Opening statements are scheduled
Speaker 3: to begin today in Manhattan. Bloomberg Law hosts June So
Speaker 3: has the latest from New York.
Speaker 9: Donald Trump lost his last ditch effort on Friday to
Speaker 9: convince an appellet court to stop the trial and change
Speaker 9: its location. That clears the way for the prosecution and
Speaker 9: defense to give their opening statements today, outlining their cases
Speaker 9: for the jury of five women and seven men. The
Speaker 9: trial is moving faster than expected, with jury selection completed
Speaker 9: a week earlier than the judge anticipated. In New York,
Speaker 9: June Grosso, Bloomberg Radio.
Speaker 1: Sorry, June, thanks well.
Speaker 2: Turning to Wall Street, It's a very busy week ahead
Speaker 2: for earnings with high profile big tech names and focus,
Speaker 2: and we get a preview from Bloomberg's Charlie Pillett.
Speaker 5: We'll be hearing from the likes of Alphabet, Metal Platforms, Tesla,
Speaker 5: and Microsoft as bulls look to earnings as a catalyst
Speaker 5: to get this year's rally back on track. Victoria Fernandez,
Speaker 5: as chief market strategist at Crossmark Global Investments.
Speaker 2: Thanks for Okay, the market didn't have big moves on that,
Speaker 2: and obviously we haven't hit a lot of those growth
Speaker 2: companies yet and then tend to move the market a
Speaker 2: little bit more.
Speaker 5: Also up this week Boeing, Lockheed, Martin, Northrop, Grumman, Caterpillar, Ford, GM,
Speaker 5: and ge In New York, Charlie Pellett, Bloomberg Radio.
Speaker 10: All right, Charlie.
Speaker 5: Thanks.
Speaker 3: Turning to the bond market, now treasuries are on track
Speaker 3: for their worst month this year. Now a hefty slate
Speaker 3: of auctions could be a major test of whether yields
Speaker 3: have peaked after reaching their highest levels of twenty twenty four.
Speaker 3: The market has to absorb a combined one hundred and
Speaker 3: eighty three billion dollar calendar of two five and seven
Speaker 3: year note sales, the first two of which will be
Speaker 3: at record levels.
Speaker 5: At the end of the week.
Speaker 3: Investors get a crucial inflation reading with the PCE deflator.
Speaker 1: Well Nathan and Company News.
Speaker 2: Tesla spent the weekend cutting prices of its models across China,
Speaker 2: Europe and the US and we get more from Bloomberg's
Speaker 2: Doug Chrisner.
Speaker 7: The discounts followed disappointing first quarter sales and bloated inventory.
Speaker 7: The prices of Tesla's best selling Model Y, as well
Speaker 7: as the Model S and X, were cut by two
Speaker 7: thousand dollars. The company also slashed the the price of
Speaker 7: its driver assistant software by more than thirty percent, and
Speaker 7: on top of that, CEO Elon Musk postponed a plan
Speaker 7: trip to India this week. He had been expected to
Speaker 7: meet with Prime Minister Mody and announce an investment. On Tuesday,
Speaker 7: Tesla will issue first quarter results. It's expected to report
Speaker 7: a forty percent plunge in operating profit, first revenue decline
Speaker 7: in four years in New York. I'm Doug Krisner, Bloomberg Radio.
Speaker 7: Thanks Doug.
Speaker 3: In deal news, Bloomberg News has learned talks for Salesforce
Speaker 3: to take over Informatica have cooled, with both parties struggling
Speaker 3: to agree to terms. The deal would have ranked among
Speaker 3: the largest ever buy Salesforce. Representatives for Salesforce and Informatica
Speaker 3: both declined to comment. Shares of Informatica are down more
Speaker 3: than six percent in early trading.
Speaker 2: Nathan private equity firm Blackstone has made a new proposal
Speaker 2: worth about one and a half billion dollars to purchase
Speaker 2: Hypnosis Song's fund Thattop's a bid made last week by
Speaker 2: music rights investor Conquered And for those of.
Speaker 3: You with time and a lot of money on hand,
Speaker 3: this story.
Speaker 11: Is for you.
Speaker 3: A rare Rolex with a split second chronograph sold for
Speaker 3: three and a half million dollars at auction in Monaco.
Speaker 3: That is a record price for the Rolex four one
Speaker 3: point one three produced in nineteen forty two. It is
Speaker 3: one of just twelve ever made and nine known to exist.
Speaker 3: The watch has a case diameter of one point seven
Speaker 3: three inches. That makes it one of the largest watches
Speaker 3: Rolex ever made.
Speaker 2: And it's time now for a look at some of
Speaker 2: their stories making news in New York and around the world.
Speaker 2: And for that we're joined by Bloomberg's Michael Barr. Welcome back, Michael,
Speaker 2: Thank you very much.
Speaker 10: Karen.
Speaker 11: There's a call for greater security as Passover begins at
Speaker 11: sundown today, as tensions over the Israel Hamas war loom.
Speaker 11: Authorities across the country are showing concern. Rabbi associated with
Speaker 11: Columbia University is urging Jewish students to go home, saying
Speaker 11: the university's public safety and the New York Police Department
Speaker 11: cannot guarantee Jewish student safety. Over the weekend, students with
Speaker 11: sleeping bags refused to leave the grounds of Columbia University.
Speaker 11: The pro Palestinian demonstrators called for the Ivy League Institution
Speaker 11: to divest its stocks, funds, and endowments from companies that
Speaker 11: they say profit from Israel's violations of international law and
Speaker 11: Palestinian human rights, among them. This student of Syrian descent.
Speaker 12: Seeing the parallels, witnessing the level of violence that Palestinians
Speaker 12: and Palstinians in the West Bank Palestinians all across Palestine
Speaker 12: are being subjected to, but especially the genocidalze.
Speaker 11: Some counter protests also popped up, calling for the terror
Speaker 11: network holding Israeli hostages inside Gaza to release them. Riva
Speaker 11: Feinstein is a retired administrator for Columbia.
Speaker 2: The whole thing breaks my heart, and isn't it especially
Speaker 2: I think it's.
Speaker 1: The worst, horrible, most horrible.
Speaker 8: Thing is what's going on with these hostages that it's
Speaker 8: one hundred and ninety eight days today.
Speaker 11: Some ares were made over the weekend when protesters on
Speaker 11: campus refused to leave and tussled with the NYPD. A
Speaker 11: military base in Syria belonging to a US led coalition
Speaker 11: came under rocket fire late on Sunday. That's according to
Speaker 11: a statement from the government affiliated Iraqi Security media Cell.
Speaker 11: It said at least one rocket landed at the base,
Speaker 11: its first reported attack on the US base in the
Speaker 11: Middle East since February. A person has been taken into
Speaker 11: custody after allegedly breaking into the home of Los Angeles
Speaker 11: Mayor Karen Bass. Police say it happened early Sunday morning.
Speaker 11: Police say the unidentified suspect smashed one of the homes
Speaker 11: windows to gain entry before being taken into custody without
Speaker 11: further incident. LAPD Lieutenant James myonachus, it's the.
Speaker 13: Mayor of the city and we're concerned in any resident
Speaker 13: that has somebody just come into their home, so we
Speaker 13: treat this very seriously.
Speaker 11: The Mayor's office says she was at home and was uninjured.
Speaker 11: Global News twenty four hours a day and whenever you
Speaker 11: want it with the Bloomberg New Now Michael Barr, and
Speaker 11: this is Bloomberg.
Speaker 1: Kern, right, Michael Barr, Thank you.
Speaker 2: Time now for the Bloomberry Scores update with John stash Hour.
Speaker 1: John, good morning, Good morning, Carrod.
Speaker 4: After the winningest regular season in club history, obviously high
Speaker 4: hopes for the Rangers and the Stanley Cup Playoffs, Game
Speaker 4: one at the Arden Rangers in Capitol scoreless first period
Speaker 4: than the first Ranger goal the postseason came from an
Speaker 4: unlikely player.
Speaker 11: Rempy carries the puck over the red line with Goodrow
Speaker 11: on left wing. Rank White pass collected by VC off
Speaker 11: the wall, beats it behind.
Speaker 5: An end good Troit tight.
Speaker 1: I score the best.
Speaker 5: Rempy on the doorstep Hen he bangs it home.
Speaker 4: Honey ESP New York rookie Matt Rempy, known more for
Speaker 4: his fighting skills of his goal scoring thirty three seconds later.
Speaker 4: Our Semi Pineren scored minut and a half after that.
Speaker 4: Jimmy VC Rangers beat Washington four to one. Game two
Speaker 4: tomorrow home team's all one Florida, Vancouver and Winnipeg a
Speaker 4: wild one with Colorado. The Jets won seven to six
Speaker 4: to six goals scored in both the first and third periods.
Speaker 11: Home cooking.
Speaker 4: Also in the NBA, Celtics by twenty over Miami, Jason
Speaker 4: Tatum at triple double. Clippers played without the injured Kawhi
Speaker 4: Leonards still beat Dallas easily. Milwaukee was without Gianni sun
Speaker 4: To the Compost still beat Indiana easily. Damian Lillard scored
Speaker 4: thirty five for the Bucks, all of them in the
Speaker 4: first half. Close won last night in Oklahoma City by
Speaker 4: two over New Orleans Nixon Sixers. Game two tonight at MSG,
Speaker 4: the Mets six game win streak came to a crashy haul.
Speaker 4: Dodgers won ten to nothing. A home run for showe
Speaker 4: O Tommy that gave him the record for most by
Speaker 4: a Japanese player, surpassing the x Yankee Hideki Matsui. Yankees
Speaker 4: top Tampa Bay five to four day game today at
Speaker 4: the stadium with Oakland. The only thing that can stop
Speaker 4: Scottie Scheffler the rain at Hilton Head. He'll be back
Speaker 4: early this morning to seemingly finished up another win. Leads
Speaker 4: by five with three holes to play. It'll be Scheffer's
Speaker 4: fourth winning his last five and on the LPGA Tour,
Speaker 4: Nelly Corda has won each of her last five tournaments.
Speaker 4: The only others to do that Nancy Lopez and Anica
Speaker 4: Sorenstain that with Bloomberg Sports.
Speaker 10: Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 10: and around the world on Bloomberg dot Com and the
Speaker 10: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm
Speaker 10: Nathan Hager.
Speaker 3: Months of deadlock on aid to Ukraine and Israel are
Speaker 3: finally broken on Capitol Hill. The ninety five billion dollar
Speaker 3: package is headed to the Senate now for the first
Speaker 3: votes expected tomorrow after a bipartisan series of votes in
Speaker 3: the House that had Speaker Mike Johnson facing off with
Speaker 3: hardliners in his own party for more.
Speaker 5: We are joined by.
Speaker 3: Terry Haynes, founder of Pangaea Policy. Terry, Good morning, does
Speaker 3: the passage of this aid blunt geopolitical risk for this market?
Speaker 13: Good morning, Nathan. You know, I think the Ukraine the
Speaker 13: House package is a geopolitical risk positive, but I think
Speaker 13: it's very much outweighed by what's going on in the
Speaker 13: Middle East right now. You know the mark I think
Speaker 13: are taking comfort in the word de escalation, But when
Speaker 13: you've had very serious escalation before people decide they're not
Speaker 13: going to shoot everything they've got at each other, that
Speaker 13: net serious escalation, not de escalation. You know, if you
Speaker 13: have the stock goes up by ten points and then
Speaker 13: it goes down one, you know like that it's not
Speaker 13: going down you got plus nine. And that's kind of
Speaker 13: where we are today.
Speaker 3: And now that this package is heading to the Senate,
Speaker 3: I wonder what that risk of further escalation in the
Speaker 3: Middle East means for the prospects for this package there.
Speaker 3: I've got to think that there would be a number
Speaker 3: of progressive senators who are concerned about the way this
Speaker 3: war has been going in Gaza that might have a
Speaker 3: little bit of pause when it comes to providing further aid.
Speaker 3: Is there that risk there?
Speaker 13: Sure?
Speaker 2: Yeah?
Speaker 13: I think in the end this aid package passes by
Speaker 13: the way, so let's start there. But yeah, absolutely, there
Speaker 13: are a lot of things that could slow this down,
Speaker 13: and concerns about Gazer is right up there at the top.
Speaker 13: Another potential one is the TikTok issue. Not so much
Speaker 13: because there's any lack of concern about TikTok, but there
Speaker 13: is a difference of opinion. There has been a difference
Speaker 13: of opinion in the Senate with the House on exactly
Speaker 13: how you ought to deal with the TikTok issue, So
Speaker 13: there's a potential that that falls out or changes as well.
Speaker 13: And if that happens and the Center ultimately passes a
Speaker 13: bill that isn't identical to the House, then it has
Speaker 13: to go back to the House for another vote, So
Speaker 13: this might get delayed by a week or so.
Speaker 3: The TikTok aspect of this is pretty interesting because it's
Speaker 3: been altered to give by Dance up to a year
Speaker 3: to finish the divestment, which puts it past the November election.
Speaker 3: And any concerns that a lot of lawmakers might have
Speaker 3: about whether this app could have an impact on the
Speaker 3: November election.
Speaker 13: Yeah, it's on that level. I think it's it's a
Speaker 13: little strange. Yeah, at the same time, I think it is.
Speaker 13: The impulse here was primarily fairness, the idea that that
Speaker 13: an immediate divestiture would be unfair to the asset, and
Speaker 13: and and look like some sort of a fire sale,
Speaker 13: and frankly bring up another another series of legal issues.
Speaker 13: So so what they decided to do was give it
Speaker 13: some time to to to find an appropriate buyer.
Speaker 3: In terms of how this got done, Terry House Speaker
Speaker 3: Johnson had to look past an ouster threat to work
Speaker 3: with Democrats to get it done. Is Speaker Johnson's job
Speaker 3: in danger this morning?
Speaker 13: Yeah, certainly there's a threat to it. I do think
Speaker 13: that it's it's less likely that he ends up getting ousted,
Speaker 13: though you know, if I had to put my put
Speaker 13: my quarter somewhere, I'd put it on john staying.
Speaker 2: Uh.
Speaker 13: You know, the vast, vast majority of Republicans want him
Speaker 13: to stay, and I think that continues. I don't I
Speaker 13: don't take lightly the idea that this small band of
Speaker 13: supposed House purists might seek to try to take him down.
Speaker 13: But I think there's there's such disapproval from the from
Speaker 13: the body of Republicans overall that I think it's it's
Speaker 13: unlikely to happen. What these folks seem to be hanging
Speaker 13: their hat on. Is the idea that if there's any
Speaker 13: you know, there, any more than the three that are
Speaker 13: currently now there, well, then Johnson's going to see the
Speaker 13: light and he's gonna, you know, he's going to have
Speaker 13: to resign just to be honorable or something. Well, you know,
Speaker 13: Johnson's already showed you what he's interested in being honorable on,
Speaker 13: which is, among other things, American leadership and globally an
Speaker 13: American foreign policy. He professes not to be concerned about that,
Speaker 13: and I think I'll take it as a word on it.
Speaker 3: This is Bloomberg Daybreak Today, your morning brief on the
Speaker 3: stories making news from Wall Street to Washington and beyond.
Speaker 2: Look for us on your podcast feed at six am
Speaker 2: Eastern each morning, on Apple, Spotify, and anywhere else you
Speaker 2: get your podcasts.
Speaker 3: You can also listen live each morning starting at five
Speaker 3: am Wall Street time, on Bloomberg eleven three to zero
Speaker 3: in New York, Bloomberg ninety nine to one in Washington,
Speaker 3: Bloomberg one oh six to one in Boston, and Bloomberg
Speaker 3: ninety sixty in San Francisco.
Speaker 2: Our flagship New York station is also available on your
Speaker 2: Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus.
Speaker 3: Listen coast to coast on the Bloomberg Business app, SERIUSXM,
Speaker 3: the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager.
Speaker 1: And I'm Karen Moscow.
Speaker 2: Join us again tomorrow morning for all the news you
Speaker 2: need to start your day right here on Bloomberg Daybreak
Speaker 10: And by