Trump's Gaza Proposal; China Weighs Probe into Apple

Bloomberg Audio Studios, Podcasts, radio news. 0:00:10.240 --> 0:00:13.440 Good morning, I'm Nathan Hager and I'm Karen Moscow. Here 0:00:13.440 --> 0:00:16.239 are the stories we're following today. Karen, we begin with 0:00:16.360 --> 0:00:19.520 controversy in the Middle East. President Trump says the US 0:00:19.600 --> 0:00:23.279 should take control of the Gaza Strip. The President spoke 0:00:23.360 --> 0:00:26.560 during a White House news conference alongside Israeli Prime Minister 0:00:26.640 --> 0:00:28.400 Benjamin NATANYAHUO the. 0:00:28.440 --> 0:00:31.240 US will take over the Gaza Strip, and we will 0:00:31.240 --> 0:00:33.720 do a job with it too. We'll own it and 0:00:33.880 --> 0:00:37.960 be responsible for dismantling all of the dangerous unexploded bombs 0:00:37.960 --> 0:00:39.360 and other weapons on the site. 0:00:39.520 --> 0:00:42.440 The reaction has been swift to President Trump's Kaza proposal. 0:00:42.520 --> 0:00:45.960 Former NATO Supreme Allied Commander in Europe Wesley Clark warrens 0:00:46.040 --> 0:00:48.600 it would be exceptionally challenging to deliver. 0:00:49.360 --> 0:00:52.880 There are huge problems at the bottom, not to mention 0:00:53.280 --> 0:00:57.600 strategic consent at the top. So look, he's the President 0:00:57.600 --> 0:01:00.880 of the United States, better listen to him. But I've 0:01:00.920 --> 0:01:03.320 done these things. I can tell you how difficult this is. 0:01:03.640 --> 0:01:05.880 This is unimaginability difficult. 0:01:06.240 --> 0:01:09.080 Former NATO's Supreme Allied Commander in Europe, Wesley Clark, spoke 0:01:09.120 --> 0:01:12.720 as Saudi Arabia reiterated its support for a Palestinian state 0:01:12.800 --> 0:01:15.959 with East Jerusalem as its capital. The Saudis are rejecting 0:01:16.000 --> 0:01:19.080 any infringement on the legitimate rights of the Palestinian people. 0:01:19.720 --> 0:01:23.679 Well Nathan new Development's new developments this morning. Involving Trump's 0:01:23.720 --> 0:01:27.319 trade war, the US Postal Service has temporarily suspended the 0:01:27.360 --> 0:01:31.200 acceptance of inbound parcels from China and Hong Kong. According 0:01:31.200 --> 0:01:33.679 to its website, letters and flat packages from the region 0:01:33.720 --> 0:01:36.680 will not be impacted. The move comes after President Trump 0:01:36.680 --> 0:01:40.000 and post ten percent tariff increases on Chinese goods. 0:01:40.240 --> 0:01:42.440 Karen China may be looking at ways to fire back. 0:01:42.480 --> 0:01:46.319 Bloomberg News has learned Beijing's antitrust watchdog is laying the 0:01:46.319 --> 0:01:49.760 groundwork for a potential probe into Apple. We get more 0:01:49.800 --> 0:01:52.360 from Bloomberg News Global Tech editor Peter Elstrom. 0:01:52.480 --> 0:01:55.320 We see these tensions between the two countries rising. The 0:01:55.440 --> 0:01:58.000 US of course imposed the ten percent terra off Sunshina, 0:01:58.120 --> 0:02:01.480 and in response, we're seeing some measure responses from Beijing. 0:02:01.600 --> 0:02:04.440 Right now, we have the investigation into Google, and just 0:02:04.480 --> 0:02:07.280 to be clear, the Apple investigation was not announced. This 0:02:07.400 --> 0:02:10.920 is a sources based story where we're reporting that We 0:02:11.080 --> 0:02:14.720 understand the regulators at SAMR are taking a look at Apple. 0:02:15.080 --> 0:02:17.800 They've informed the Apple executives in the country that they're 0:02:17.840 --> 0:02:20.040 concerned about some of these practices that they have in 0:02:20.080 --> 0:02:22.600 the app store. These have been issues globally. Really it's 0:02:22.600 --> 0:02:24.760 not just in China, but they're taking a thirty percent 0:02:24.840 --> 0:02:27.280 cut of revenue from the app store in certain cases, 0:02:27.320 --> 0:02:29.440 and they're also limiting your payment options so that you 0:02:29.560 --> 0:02:30.480 run through the Apple Store. 0:02:30.720 --> 0:02:33.919 Bloomberg's Peter Elstrom says if Apple resists making changes, the 0:02:34.000 --> 0:02:37.280 Chinese government may launch a formal investigation on. 0:02:37.320 --> 0:02:39.960 Nathan Donald Trump and Elon Musk's efforts to slash the 0:02:40.000 --> 0:02:43.280 federal workforce have taken a new turn Bloomberg. John Tucker 0:02:43.360 --> 0:02:44.440 is here with more. John. 0:02:44.480 --> 0:02:47.480 What's the latest, Well, Karen, Most employees of the US 0:02:47.560 --> 0:02:50.920 Agency for International Development they're going to be placed on 0:02:51.000 --> 0:02:56.000 administrative leave. This starts Friday. The staff members stationed overseas 0:02:56.040 --> 0:02:59.000 they have to return within thirty days, with exceptions to 0:02:59.040 --> 0:03:02.079 be considered on a case by case basis. This all 0:03:02.120 --> 0:03:06.000 comes after Trump ally Elon Musk signaled out USAID repeatedly 0:03:06.040 --> 0:03:09.400 on X and even Trump described the agency as run 0:03:09.440 --> 0:03:13.440 by a bunch of radical lunatics. Secretary of State Marco 0:03:13.520 --> 0:03:16.600 Rubio said he's now in charge of USA and Warren 0:03:16.720 --> 0:03:20.520 US lawmakers the agency might be abolished altogether, and it 0:03:20.560 --> 0:03:25.200 doesn't stop there. The CIA has ordered staff buyouts. That 0:03:25.240 --> 0:03:28.480 move comes after two million federal workers were given similar offers. 0:03:28.919 --> 0:03:32.720 That move initially excluded national security agencies in New York. 0:03:32.760 --> 0:03:34.720 IM John Tucker Bloomberg Radio. 0:03:34.520 --> 0:03:36.720 All right, John, thank you, and his controversy swirls around 0:03:36.760 --> 0:03:39.480 Elawn Musk's role and power in the Trump administration. The 0:03:39.560 --> 0:03:43.400 Treasury Department says Musk's Government Efficiency Team has been given 0:03:43.480 --> 0:03:48.240 read only access to coded data of the government's payments system. 0:03:48.480 --> 0:03:53.160 Democratic lawmakers had raised concerns about that system's integrity stemming 0:03:53.280 --> 0:03:54.720 from the Musk team's access. 0:03:55.320 --> 0:03:58.400 Well Nathan, President Trump's cabinet continues to take Shaye pam 0:03:58.440 --> 0:04:01.320 Bondy has won a full Senate vote to be the 0:04:01.320 --> 0:04:02.360 next Attorney General. 0:04:02.920 --> 0:04:05.960 On this vote, the yaser fifty four, the nays are 0:04:06.080 --> 0:04:06.680 forty six. 0:04:06.800 --> 0:04:08.760 The nomination is confirmed. 0:04:09.280 --> 0:04:11.520 And that was the final tally for Pama Bondi in 0:04:11.560 --> 0:04:14.000 the US Senate. The new Attorney General now get a 0:04:14.120 --> 0:04:16.560 chance to reshape the one hundred and fifteen thousand member 0:04:16.760 --> 0:04:20.200 Justice Department head of her confirmation. Interim leaders forced out 0:04:20.279 --> 0:04:23.800 or reassigned many officials who investigated the January sixth attack 0:04:23.839 --> 0:04:27.799 at the US Capitol, including career prosecutors and FBI officials. 0:04:27.960 --> 0:04:30.560 I Meanwhile, Karen Moore cabinet nominees are moving closer to 0:04:30.600 --> 0:04:34.080 their confirmations. Both Robert F. Kennedy, Junior and Tulsea Gabbert 0:04:34.120 --> 0:04:37.320 have advanced through Senate committees on party line votes. Kennedy 0:04:37.360 --> 0:04:40.159 faced questions about his past efforts to link vaccines to 0:04:40.240 --> 0:04:42.479 autism at his hearing to leave the Department of Health 0:04:42.480 --> 0:04:45.560 and Human Services. Gabbard drew criticism for meeting with then 0:04:45.640 --> 0:04:48.640 Syrian President Bashar al Assad and refused to call NSA 0:04:48.720 --> 0:04:51.240 leaker Edward Snowden a trader in her bid to be 0:04:51.360 --> 0:04:53.039 Director of National Intelligence. 0:04:53.600 --> 0:04:55.599 On Nathan, Now, we want to turn to the latest 0:04:55.600 --> 0:04:58.680 on the plane crash investigation in Washington, d C. The 0:04:58.760 --> 0:05:01.600 remains of all sixty FI seven victims have been recovered 0:05:01.600 --> 0:05:04.560 from the collision between the American Airlines flight and the 0:05:04.640 --> 0:05:08.559 Army helicopter. The National Transportation Safety Board says the latest 0:05:08.640 --> 0:05:10.960 data show the black Hawk was flying at about three 0:05:11.080 --> 0:05:13.480 hundred feet at the time of the accident. That's about 0:05:13.480 --> 0:05:18.119 one hundred feet higher than the preliminary RATEAR indicated. Investigators 0:05:18.160 --> 0:05:21.400 say they need more data from the Blackhawk itself. They 0:05:21.440 --> 0:05:24.359 expect to recover it from the Potomac River later this week. 0:05:24.600 --> 0:05:27.320 Turning the markets now, Karen futures are lower, led by 0:05:27.440 --> 0:05:31.240 tech shares following some disappointing earnings after the bell. Shares 0:05:31.279 --> 0:05:34.239 of Google parent Alphabet are down seven and a half 0:05:34.400 --> 0:05:38.760 percent after missing earning's estimate. Sales from its cloud business slowed. 0:05:39.080 --> 0:05:41.960 On the company conference call, Alphabet CEO Soon darp Shi 0:05:42.240 --> 0:05:44.920 downplayed competition from China's Deep Seek. 0:05:45.360 --> 0:05:48.440 There's been a lot of observations on Deep Seek. First 0:05:48.440 --> 0:05:51.520 of all, you know, I think tremendous team. I think 0:05:51.520 --> 0:05:54.400 they've done very very good work. I would say both 0:05:54.400 --> 0:05:56.840 are two point zero flash models or two point oho 0:05:56.839 --> 0:06:00.080 flash thinking models. You know, they are some of the 0:06:00.080 --> 0:06:04.120 most efficient models out there, including comparing two deep seeks. 0:06:04.200 --> 0:06:07.440 Alphabet CEO Sun Darbishi also announced seventy five billion dollars 0:06:07.480 --> 0:06:10.479 in twenty twenty five capital expenditures that far exceeds the 0:06:10.520 --> 0:06:13.440 fifty seven point nine billion that analysts expected. 0:06:14.279 --> 0:06:16.640 Nathan Chairs of AMD also taking it on the chin. 0:06:16.720 --> 0:06:19.120 This morning, they're down more than eight and a half percent. 0:06:19.200 --> 0:06:22.279 Is it struggled to catch up with AI computing leader Nvidia. 0:06:22.560 --> 0:06:25.320 The chip maker's fourth quarter revenue topped estimates, but its 0:06:25.400 --> 0:06:29.839 data center divisions revenue was below analyst projections. 0:06:29.480 --> 0:06:32.320 And shares of Chipotle Mexican Grill are down more than 0:06:32.400 --> 0:06:35.920 six percent. The fast food retailer sales rose less than expected. 0:06:36.160 --> 0:06:38.760 Chipotle had stood out as one of the few chains 0:06:38.760 --> 0:06:41.040 that managed to bring in more customers over the past 0:06:41.120 --> 0:06:44.160 year to time. When competition or when competitors, I should say, 0:06:44.200 --> 0:06:45.600 we're losing traffic. 0:06:46.120 --> 0:06:48.880 Well for season. Nathan Nissan is reportedly pulling out of 0:06:48.880 --> 0:06:52.559 plans to combine with Honda. The NYK newspapers reporting talks 0:06:52.600 --> 0:06:55.320 between the two car makers have stalled since tie up 0:06:55.320 --> 0:06:58.359 plans were first announced in December. Without Honta is backing, 0:06:58.440 --> 0:07:01.960 Nissan's future is unclear, with the company facing chronic issues 0:07:02.000 --> 0:07:08.159 such as an outdated product lineup and bloated dealership incentives. 0:07:10.000 --> 0:07:11.160 Time now, if we look at some of the other 0:07:11.200 --> 0:07:13.200 stories making news in New York and around the world, 0:07:13.200 --> 0:07:15.559 and for that we're joined by Bloomberg's Michael Barr Michael, 0:07:15.560 --> 0:07:16.320 Good morning. 0:07:16.120 --> 0:07:19.920 Good morning Karen. In New Orleans, security preparations are underway 0:07:19.960 --> 0:07:23.080 ahead of Super Bowl Sunday. The US Department of Homeland 0:07:23.080 --> 0:07:26.680 Security Special Agent in Charge for New Orleans, Eric Delonde, 0:07:27.200 --> 0:07:31.360 is the lead federal coordinator for Super Bowl fifty nine. 0:07:31.920 --> 0:07:34.440 He says visitors to the city are going to see 0:07:34.440 --> 0:07:36.400 a heavy police presence this weekend. 0:07:36.600 --> 0:07:38.360 This is going to be the safest city in America 0:07:39.000 --> 0:07:39.800 for the Super Bowl. 0:07:40.280 --> 0:07:43.920 We will have more federal assets, more federal law enforcement, 0:07:44.240 --> 0:07:47.560 more state local law enforcement, probably than any other Fruit 0:07:47.640 --> 0:07:48.320 Bowl ever played. 0:07:49.240 --> 0:07:53.120 Delan's comments come after the January first Bourbon Street terrorist 0:07:53.120 --> 0:07:57.680 attack that killed fifteen people. Sweden's worst mass shooting has 0:07:57.760 --> 0:08:00.640 left at least eleven people dead, including the gunman, at 0:08:00.640 --> 0:08:03.880 an adult education center, as officials warned that the death 0:08:03.920 --> 0:08:07.920 toll could rise. Police believe the perpetrator acted alone, but 0:08:08.080 --> 0:08:10.400 have not said if he was a student or what 0:08:10.440 --> 0:08:13.560 his motive may have been. Tuesday's violence occurred at a 0:08:13.600 --> 0:08:17.520 school west of Stockholm and offers primary and second educational 0:08:17.560 --> 0:08:20.840 classes for adults. Police say one person is dead. Five 0:08:20.920 --> 0:08:23.600 people have been wounded in a shooting at a cosmetics 0:08:23.640 --> 0:08:27.560 warehouse in New Albany. Ohio. A spokesperson says the subject 0:08:27.640 --> 0:08:30.640 is no longer believed to be at the warehouse, which 0:08:30.680 --> 0:08:34.800 belongs to a company that makes products including toiletries. New 0:08:34.840 --> 0:08:38.600 Albany Police Chief Greg Jones. We believe we may know 0:08:38.640 --> 0:08:39.199 their location. 0:08:39.800 --> 0:08:43.000 We don't have any reason to believe that they are 0:08:43.040 --> 0:08:46.000 a general threat to society more than this was. 0:08:46.400 --> 0:08:48.600 It appears at this point to be a targeted type 0:08:48.640 --> 0:08:49.080 of attack. 0:08:49.360 --> 0:08:52.040 Chief Jones did not immediately provide the tales of the 0:08:52.040 --> 0:08:55.440 circumstances surrounding the shooting. Global News twenty four hours a 0:08:55.520 --> 0:08:58.240 day and whenever you want it with the Bloomberg News. Now, 0:08:58.400 --> 0:09:00.840 I'm Michael Barr, and this Isloomberg Kearn. 0:09:00.880 --> 0:09:07.480 All right, Michael Barr, thank you time now for the 0:09:07.480 --> 0:09:10.880 Bloomberg Sports Update, brought to you by Tri State Audi. 0:09:10.960 --> 0:09:12.079 Here's John Stshower. 0:09:12.200 --> 0:09:14.839 John, Good morning, Yim morning, Karen. Busy Tuesday for New 0:09:14.880 --> 0:09:18.280 York area teams. The Knicks, Nets, Devils, Islanders, and Saint 0:09:18.360 --> 0:09:21.120 John's all played. They all won. The Knicks in Toronto 0:09:21.200 --> 0:09:23.240 saw a twenty three point league get cut to one 0:09:23.600 --> 0:09:25.880 was just over three minutes remaining, but the Knicks held 0:09:25.920 --> 0:09:28.439 on one twenty one to one fifteen as Karl Anthony 0:09:28.480 --> 0:09:31.760 Towns had twenty seven points and twenty rebounds. Nicks had 0:09:31.760 --> 0:09:33.560 won seven of their last eight games and eight in 0:09:33.559 --> 0:09:36.000 a row. Versus the Raptors. The Nets had and won 0:09:36.000 --> 0:09:38.120 a home game in two months. Didn't look like they'd 0:09:38.120 --> 0:09:41.480 beat Houston down four with nine seconds left. A Keon 0:09:41.640 --> 0:09:44.320 Johnson three point or a steal on the inbounds passing 0:09:44.360 --> 0:09:47.640 at D'Angelo Russell three six points in six seconds. The 0:09:47.640 --> 0:09:50.280 Nets beat the Rockets ninety seven, ninety three, top two 0:09:50.320 --> 0:09:52.840 in the East. Met in Cleveland, Celtics beat the Cavs 0:09:52.840 --> 0:09:54.959 and LA The Lakers beat the Clippers by twenty five 0:09:55.000 --> 0:09:57.640 with Luca don Said's sitting on the Laker bench. He 0:09:57.679 --> 0:09:59.880 hasn't played since Christmas with a calf injury. But for 0:09:59.880 --> 0:10:02.760 the the first time since the trade, Luca gave his 0:10:02.880 --> 0:10:03.840 reaction to it. 0:10:04.320 --> 0:10:08.280 But like this last forty dollars just one month, Like 0:10:08.880 --> 0:10:10.360 two days ago was one month ago. 0:10:10.440 --> 0:10:12.560 So emotionally it was really hard. 0:10:13.120 --> 0:10:16.880 But very day that I like today was much better. 0:10:17.360 --> 0:10:20.280 You know, I'm just very happy to be here. 0:10:21.320 --> 0:10:23.920 Anthony Davis also hurt, didn't play for Dallas and a 0:10:23.960 --> 0:10:25.959 two point loss at Philadelphia, and you have yes, aerena. 0:10:26.000 --> 0:10:28.000 The Islanders made it eight wins in the last nine games, 0:10:28.160 --> 0:10:30.240 two to one over Vegas. Devils won three two in 0:10:30.280 --> 0:10:33.719 a shootout at Pittsburgh get the Guarden. Saint John's's twentieth 0:10:33.760 --> 0:10:36.160 win of the season. It's so far been a terrific one. 0:10:36.240 --> 0:10:38.679 The Red Storm atop the Big East. They beat Marquette 0:10:38.920 --> 0:10:41.880 seventy to sixty four. The Yankees have re signed lefty 0:10:41.920 --> 0:10:45.520 reliever Tim Hill. John Stashan. We're Bloomberg Sports Kenona. 0:10:47.559 --> 0:10:51.720 Coast to coast on Bloomberg Radio, nationwide on Sirius Exam 0:10:51.880 --> 0:10:54.720 and around the world on Bloomberg dot Com and the 0:10:54.760 --> 0:10:57.880 Bloomberg Business app. This is Bloomberg Daybreak. 0:10:58.040 --> 0:10:58.559 Good morning. 0:10:58.600 --> 0:11:01.360 I'm Nathan Hager. And it could be a dramatic shift 0:11:01.400 --> 0:11:04.520 in the Middle East. President Trump says the US should 0:11:04.600 --> 0:11:07.880 take over the Gaza Strip and develop it into what 0:11:07.920 --> 0:11:10.520 he calls a riviera. And he says it's not an 0:11:10.520 --> 0:11:11.959 idea he comes too lightly. 0:11:12.280 --> 0:11:14.920 Everybody I've spoken to loves the idea of the United 0:11:14.920 --> 0:11:19.319 States owning that piece of land, developing and creating thousands 0:11:19.320 --> 0:11:22.440 of jobs with something that will be magnificent in a 0:11:22.920 --> 0:11:25.800 really magnificent area that nobody would know. Nobody could look 0:11:25.840 --> 0:11:28.640 because all they see is death and destruction and rubble. 0:11:28.960 --> 0:11:32.200 And that was President Trump speaking alongside Israeli Prime Minister 0:11:32.240 --> 0:11:35.120 Benjamin Netan Yahoo at the White House, joining us now 0:11:35.120 --> 0:11:38.640 as Bloomberg News Managing editor Derek Wallbank and Derek to say, 0:11:38.640 --> 0:11:42.040 this would up end Middle East policy. May be just 0:11:42.320 --> 0:11:44.880 scratching the surface. What do you make of this? 0:11:46.520 --> 0:11:50.080 Yeah, Nathan, it was really interesting watching that press conference 0:11:50.120 --> 0:11:54.760 because when Donald Trump started going into this, you know, 0:11:55.160 --> 0:11:57.760 I think that they're The initial reaction was, hold on, 0:11:57.840 --> 0:12:01.040 did he just say what we think he said? And 0:12:01.080 --> 0:12:04.600 then Trump went on to, as you noted, make very 0:12:04.679 --> 0:12:07.199 clear that not only did he say it, he meant it. 0:12:08.480 --> 0:12:13.480 You know, there are infinite questions that it raises. There 0:12:13.720 --> 0:12:18.920 has been a pretty stiff pushback, unanimous among Democrats over 0:12:19.320 --> 0:12:22.760 you know, overwhelming out of the out of the Arab world. 0:12:23.800 --> 0:12:26.520 Not so much from Republicans. We have heard a couple 0:12:26.600 --> 0:12:30.600 of congressional Republicans, Lindsey Graham being one, suggests that maybe 0:12:30.600 --> 0:12:34.280 this was, you know, that this was a little bit 0:12:34.280 --> 0:12:38.679 of a bad idea. But other than that, Republicans have 0:12:38.760 --> 0:12:44.200 been pretty well supportive of the idea of doing something different. 0:12:44.280 --> 0:12:44.480 Now. 0:12:44.520 --> 0:12:47.720 Trump went out and said a whole range of things 0:12:47.760 --> 0:12:49.920 about what he would want to do with Gazaf. The 0:12:50.000 --> 0:12:53.720 US got heavily, heavily involved and effectively took it over, 0:12:54.679 --> 0:12:58.319 not least of which redeveloping the entire place. He compared 0:12:58.320 --> 0:13:02.079 it at one point to a potential Middle Eastern riviera. 0:13:03.120 --> 0:13:06.880 You know, as I say, it was bombshell comments from 0:13:06.920 --> 0:13:09.840 the US President. I think, Nathan, you and I've been 0:13:09.840 --> 0:13:13.440 following this along so long. The Middle East is really 0:13:13.480 --> 0:13:17.200 one of those areas, especially issues related to Israel and 0:13:17.200 --> 0:13:21.280 the Palestinians, where US presidents have had to choose their 0:13:21.280 --> 0:13:25.280 words exceptionally carefully, and it's sort of like every single 0:13:25.360 --> 0:13:30.079 word and phrase is litigated. Trump went and smashed through 0:13:30.200 --> 0:13:32.199 all of that. And I think that there will be 0:13:32.720 --> 0:13:36.680 there will be effects of this for a very very 0:13:36.720 --> 0:13:37.280 long time. 0:13:37.559 --> 0:13:39.920 We if this idea is a sort of a bull 0:13:39.960 --> 0:13:44.000 in the China shop of diplomacy from President Trump. Was 0:13:44.120 --> 0:13:48.600 very interesting to see Prime Minister Netsan Yahoo alongside President 0:13:48.640 --> 0:13:52.040 Trump not necessarily dismissing this idea out of hand. 0:13:53.600 --> 0:13:58.400 No, not necessarily dismissing, but you know it, it's hard 0:13:58.440 --> 0:14:01.120 to know exactly how red he is and how much 0:14:01.320 --> 0:14:07.000 he wanted, you know, that level of a statement, you know, 0:14:07.120 --> 0:14:10.840 Netnya who was making, you know, statements that were generally 0:14:10.920 --> 0:14:16.760 positive towards Trump's ideas, more I would say flattering of 0:14:16.800 --> 0:14:24.760 Trump than endorsing necessarily exactly specific prescriptions. But I think 0:14:24.800 --> 0:14:26.920 that this is one of those things that, look, the 0:14:26.920 --> 0:14:30.400 White House does not appear to have given a lot 0:14:30.480 --> 0:14:33.440 of people a heads up that this kind of titanic 0:14:33.480 --> 0:14:36.760 policy shift was coming, right. It took a lot of 0:14:36.800 --> 0:14:40.680 people by surprise, you know. But this is also something 0:14:40.720 --> 0:14:42.800 that Trump is leaning into in his first days. And 0:14:42.800 --> 0:14:46.960 you could say this across a range of different policies 0:14:47.000 --> 0:14:51.720 and foreign policies where he sees an advantage to surprise, 0:14:51.840 --> 0:14:55.840 and he sees an advantage to volatility, many times the 0:14:55.920 --> 0:14:57.920 volatility he himself is creating. 0:14:58.080 --> 0:15:00.600 Oh well, we think through this potential volatile and Middle 0:15:00.640 --> 0:15:05.000 East policy, Derek. There are new developments in the trade 0:15:05.000 --> 0:15:09.400 tensions between the US and China after the ten percent tariffs. 0:15:09.440 --> 0:15:13.520 Now this word from Bloomberg News that China is considering 0:15:13.560 --> 0:15:18.040 an antitrust probe into Apple's app store. Where could this go? 0:15:19.720 --> 0:15:22.280 Yeah, this one's an interesting one, Nathan, and it's and 0:15:22.320 --> 0:15:25.120 it's a very it's very much a breaking news story, 0:15:25.240 --> 0:15:27.920 so there's a lot to digest here. But the short 0:15:28.040 --> 0:15:31.360 version of it is that China's antitrust watchdog is laying 0:15:31.400 --> 0:15:35.240 the groundwork for a potential probe into Apple's policies and 0:15:35.280 --> 0:15:39.480 the fees its charges app developers. Now, the idea of 0:15:40.880 --> 0:15:45.040 scrutiny over Apple's app store not necessarily new, but at 0:15:45.080 --> 0:15:47.680 the same point, we have to consider what moment we're 0:15:47.720 --> 0:15:51.520 in and all of the things going on between the 0:15:51.640 --> 0:15:54.320 US and China, and the potential that this could sort 0:15:54.320 --> 0:15:57.880 of stack up on top of that. There's a lot 0:15:57.880 --> 0:16:00.200 to sort of follow through here. One thing I we'll 0:16:00.240 --> 0:16:03.200 say as well though, as we were talking to a 0:16:03.200 --> 0:16:07.320 lot of analysts yesterday after ahead of this story coming out, 0:16:07.360 --> 0:16:10.600 but after the United States Postal Service said it was 0:16:10.640 --> 0:16:17.520 going to freeze taking in small packages from from China 0:16:17.560 --> 0:16:21.760 and from Hong Kong for temporarily freeze, and one of 0:16:21.800 --> 0:16:24.080 the things that stood out to me was there was 0:16:24.400 --> 0:16:29.560 one analyst who noted that essentially you have a macro 0:16:29.840 --> 0:16:33.640 risk from all of these micro things going on, and 0:16:33.680 --> 0:16:35.760 they do stack up, and there is that sort of 0:16:36.680 --> 0:16:38.680 you know, complication risk going out. 0:16:38.920 --> 0:16:41.880 This is Bloomberg Day Break, your morning podcast and the 0:16:41.960 --> 0:16:45.440 stories making news from Wall Street to Washington and beyond. 0:16:45.720 --> 0:16:48.120 Look for us on your podcast feed by six am 0:16:48.120 --> 0:16:51.520 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:51.760 --> 0:16:54.600 You can also listen live each morning starting at five 0:16:54.640 --> 0:16:57.240 am Wall Street Time on Bloomberg eleven three to zero 0:16:57.360 --> 0:16:59.600 in New York, Bloomberg in ninety nine to one in 0:16:59.760 --> 0:17:03.640 washing Bloomberg ninety two nine in Boston, and nationwide on 0:17:03.800 --> 0:17:06.040 serious XM Channel one twenty one. 0:17:06.440 --> 0:17:09.160 Plus listen coast to coast on the Bloomberg Business app 0:17:09.200 --> 0:17:12.000 Now with Apple CarPlay and Android Atto interfaces. 0:17:12.240 --> 0:17:15.240 And don't forget to subscribe to Bloomberg News Now. It's 0:17:15.280 --> 0:17:18.000 the latest news whenever you want it in five minutes 0:17:18.080 --> 0:17:21.200 or less. Search Bloomberg News Now and your favorite podcast 0:17:21.240 --> 0:17:25.400 platform to stay informed all day long. I'm Karen Moscow. 0:17:25.200 --> 0:17:27.720 And I'm Nathan Hager. Join us again tomorrow morning for 0:17:27.800 --> 0:17:29.720 all the news you need to start your day right 0:17:29.720 --> 0:17:31.199 here on Bloomberg Debreak