Deadly Plane Crash Near DC Airport; Meta, Microsoft and Tesla Earnings

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:10.039 --> 0:00:13.200 Good morning, I'm Nathan Hager and I'm Karen Moscow. Here 0:00:13.200 --> 0:00:14.960 are the stories we're following today. 0:00:15.280 --> 0:00:18.079 Karen, we begin with a deadly plane crash involving a 0:00:18.079 --> 0:00:21.920 commercial airliner and an army helicopter at Reagan National Airport 0:00:22.000 --> 0:00:24.840 near Washington, d C. Let's get the very latest now 0:00:24.840 --> 0:00:27.120 with Bloomberg's John Tucker, John and Nathan. 0:00:27.240 --> 0:00:31.160 American Airlines Flight fifty three forty two from Wichita, Kansas, 0:00:31.240 --> 0:00:33.680 was on an approach for landing at Reagan when it 0:00:33.720 --> 0:00:38.000 collided with a Zikorski H sixty helicopter around nine pm Eastern. 0:00:38.400 --> 0:00:40.720 Ary Schulman was driving home when he saw the plane 0:00:40.800 --> 0:00:45.000 falling from the sky. It was illuminated bright yellow underneath, 0:00:45.479 --> 0:00:48.440 and there was a spray of sparks on the underside 0:00:48.440 --> 0:00:51.440 of the plane. The JED was carrying sixty passengers and 0:00:51.440 --> 0:00:54.520 four crew members. Three soldiers were on board the helicopter. 0:00:54.960 --> 0:00:58.360 The first priority has been looking for survivors, however remote 0:00:58.360 --> 0:01:01.160 the chance of finding anybody alive at this point. DC 0:01:01.360 --> 0:01:03.120 Fire and Rescue Chief John Donnelly. 0:01:03.680 --> 0:01:06.199 The water that we're operating into about eight feet deep. 0:01:07.120 --> 0:01:10.040 There is wind, there is pieces of ice out there, 0:01:10.240 --> 0:01:12.320 so it's just dangerous and hard. 0:01:12.080 --> 0:01:12.520 To work in. 0:01:12.800 --> 0:01:17.440 The Bombardier CRIJ seven oh one twin engine jet manufactured 0:01:17.480 --> 0:01:20.560 in two thousand and four, was inbound to Reagan National 0:01:20.600 --> 0:01:23.240 at an altitude of about four hundred feet at a 0:01:23.240 --> 0:01:25.920 speed of about one hundred forty miles per hour when 0:01:25.959 --> 0:01:29.280 it suffered a rapid loss of altitude over the Potomac River. 0:01:29.720 --> 0:01:32.440 A few minutes before the landing, air traffic controllers did 0:01:32.520 --> 0:01:35.319 ask the arriving commercial jet if it could land on 0:01:35.360 --> 0:01:38.920 the shorter runway three to three. Less than thirty seconds 0:01:38.959 --> 0:01:42.520 before the crash, air traffic controllers asked the helicopter if 0:01:42.560 --> 0:01:45.440 it had the arriving plane in sight. The controller made 0:01:45.480 --> 0:01:49.520 another radio call to the helicopter moments later. Seconds after that, 0:01:49.560 --> 0:01:52.960 the two collided Members of the US figure skating team 0:01:53.000 --> 0:01:55.840 are on board American Airlines Flight fifty three forty two. 0:01:56.160 --> 0:01:59.040 There were athletes, coaches, and family members who'd been taking 0:01:59.080 --> 0:02:02.760 part to the UN Figure Skating Championships in Wichita. We 0:02:02.880 --> 0:02:06.320 have not had an airline crash more than fifteen years 0:02:06.360 --> 0:02:09.040 in this country, a major one like this. I'm John 0:02:09.080 --> 0:02:10.280 Tucker Bloomberg Radio. 0:02:10.600 --> 0:02:11.760 All right, John, Thank you well. 0:02:11.800 --> 0:02:15.160 American Airlines CEO Robert Isom said the airline is working 0:02:15.160 --> 0:02:16.519 with emergency responders. 0:02:16.760 --> 0:02:18.359 He issued this video statement. 0:02:18.840 --> 0:02:21.679 First, and most importantly, I'd like to express our deep 0:02:21.760 --> 0:02:22.920 sorrow about these events. 0:02:23.280 --> 0:02:24.400 This is a difficult day. 0:02:24.280 --> 0:02:26.680 For all of us at American Airlines, and our efforts 0:02:26.760 --> 0:02:29.480 now are focused entirely on the needs of our passengers, 0:02:29.800 --> 0:02:33.720 crew members, partners, first responders, along with their families and 0:02:33.720 --> 0:02:34.240 loved ones. 0:02:34.639 --> 0:02:37.680 That was American Airline CEO Robert Isom last night. Shares 0:02:37.680 --> 0:02:40.640 of American are down about three percent in early trading. 0:02:40.840 --> 0:02:43.880 The National Transportation Safety Board says they have sent a 0:02:44.000 --> 0:02:48.000 rapid response air accident investigation team to the site. President 0:02:48.040 --> 0:02:50.680 Trump criticized events in the run up to the collision 0:02:50.720 --> 0:02:53.880 in a truth social post, calling it a bad situation 0:02:53.960 --> 0:02:55.959 that looks like it should have been prevented. 0:02:56.160 --> 0:02:57.400 And we will have much. 0:02:57.240 --> 0:02:59.640 More on the plane crash throughout the program. But we 0:02:59.720 --> 0:03:03.160 now switch to the markets as investors react to the 0:03:03.160 --> 0:03:07.520 beginning of Magnificent seven earnings. Shares of Meta Platforms are 0:03:07.600 --> 0:03:10.800 up two percent in early trading. The stock originally fell 0:03:10.840 --> 0:03:14.520 after hours after the Facebook owner forecast disappointing sales for 0:03:14.560 --> 0:03:18.280 the current quarter, but Meta gained after CEO Mark Zuckerberg's 0:03:18.280 --> 0:03:21.519 comments about artificial intelligence on the company conference call. 0:03:22.160 --> 0:03:23.440 This is going to be a really big year. 0:03:23.840 --> 0:03:25.960 Most of our long term initiatives is going to be 0:03:26.040 --> 0:03:29.119 a lot clearer by the end of this year. In AI, 0:03:29.600 --> 0:03:31.240 I expect that this is going to be the year 0:03:31.400 --> 0:03:36.320 when a highly intelligent and personalized AI assistant reaches more 0:03:36.360 --> 0:03:39.640 than one billion people, and I expect Metaai to be 0:03:39.800 --> 0:03:41.240 that leading AI assistant. 0:03:41.360 --> 0:03:44.240 Mark Zuckerberg told investors he thinks Meta will eventually spend 0:03:44.320 --> 0:03:47.120 hundreds of billions of dollars on AI infrastructure. 0:03:47.600 --> 0:03:47.720 Well. 0:03:47.800 --> 0:03:50.680 Nathan cherzah Tesla also on the rise. They're up two 0:03:50.680 --> 0:03:53.520 point six percent this morning. The company revealed plans to 0:03:53.560 --> 0:03:58.120 begin robotaxi operations and forecast as sales recovery this year, 0:03:58.440 --> 0:04:01.240 feeling what Elon Musk predicted be an epic period of 0:04:01.320 --> 0:04:04.760 growth for the electric vehicle maker. The comments largely sidestep 0:04:04.800 --> 0:04:08.080 the actual sales and profit results, which missed to well 0:04:08.120 --> 0:04:09.360 Street estimates, and on. 0:04:09.320 --> 0:04:11.520 The flip side, care and shares of Microsoft are down 0:04:11.520 --> 0:04:14.200 nearly four percent. The company says growth in its cloud 0:04:14.240 --> 0:04:16.760 computing business slow during the last three months of twenty 0:04:16.800 --> 0:04:20.440 twenty four. Microsoft is also ramping up spending on infrastructure 0:04:20.480 --> 0:04:21.920 for its AI products. 0:04:22.320 --> 0:04:25.520 Well Tech earnings continue today, Nathan, with first quarter results 0:04:25.560 --> 0:04:28.400 from Apple out after the closing, Bell and Bloomberg's Tom 0:04:28.440 --> 0:04:29.560 Busby has a preview. 0:04:30.080 --> 0:04:32.640 Despite a real slump and iPhone sales in China and 0:04:32.720 --> 0:04:36.160 being way behind other tech giants and rolling out AI products, 0:04:36.160 --> 0:04:40.240 Apple still forecast to post record results with strong sales 0:04:40.240 --> 0:04:43.039 of the AI capable iPhone sixteen here in the US, 0:04:43.120 --> 0:04:45.799 as well as continued strong demand for services like Apple 0:04:45.880 --> 0:04:48.680 Music and the App Store. Bloomberg is expecting revenues to 0:04:48.760 --> 0:04:52.000 rise three point eight percent. Consensus calls for total revenue 0:04:52.000 --> 0:04:54.360 of one hundred and twenty four point one billion, earnings 0:04:54.360 --> 0:04:56.520 per share of two dollars thirty five cents. 0:04:56.839 --> 0:05:00.000 Tom Buzzby Bloomberg Radio, All right, Tom, thank you. 0:05:00.160 --> 0:05:03.120 Keeping eye on shares of IBM, they are higher by 0:05:03.160 --> 0:05:06.560 about seven percent. Big Blue projected strong revenue growth in 0:05:06.600 --> 0:05:09.840 the new fiscal year and a jump in AI related bookings. 0:05:09.720 --> 0:05:11.520 And turning to earnings overseas. Nathan. 0:05:11.520 --> 0:05:14.279 Shares at Deutsche Bank are down three and a half percent. 0:05:14.360 --> 0:05:17.280 The bank's expenses rose fourteen percent from a year ago. 0:05:17.640 --> 0:05:21.480 That's overshadowing a better than expected performance in its investment bank. 0:05:21.760 --> 0:05:24.200 Turning to the economy, now Karen, the Federal Reserve voted 0:05:24.279 --> 0:05:27.159 unanimously to keep its benchmark rate on hold. 0:05:27.440 --> 0:05:27.800 Chair J. 0:05:28.000 --> 0:05:30.159 Powell says the Fed will wait for further evidence of 0:05:30.160 --> 0:05:34.359 cooling inflation before adjusting interest rates again. With our policy 0:05:34.400 --> 0:05:37.800 stance significantly less restrictive than it had been, in the 0:05:37.839 --> 0:05:41.120 economy remaining strong, we do not need to be in 0:05:41.160 --> 0:05:44.480 a hurry to adjust our policy stance. Chairman Powell's press 0:05:44.480 --> 0:05:47.159 conference was followed by President Trump posting online that the 0:05:47.160 --> 0:05:50.000 Fed share had, in his words, done a terrible job 0:05:50.120 --> 0:05:52.200 on banking regulation and inflation. 0:05:52.680 --> 0:05:55.080 Well Nathan Less turned to politics in Washington and a 0:05:55.160 --> 0:05:59.040 major reversal in the early days of President Trump's second term. 0:05:59.360 --> 0:06:01.919 The President has rescinded his order to freeze a wide 0:06:02.000 --> 0:06:05.680 array of federal grants, loans, and financial assistants, just days 0:06:05.720 --> 0:06:09.039 after his White House Budget Office announced it. Trump defended 0:06:09.040 --> 0:06:11.680 the order at his first bill signing yesterday. 0:06:12.080 --> 0:06:17.000 We are merely looking at parts of the big bureaucracy 0:06:17.120 --> 0:06:21.240 where there has been tremendous waste and fraud and abuse. 0:06:21.240 --> 0:06:24.400 And President Trump's order had already been temporarily blocked by 0:06:24.440 --> 0:06:27.080 a federal judge, but this might not be the end 0:06:27.080 --> 0:06:29.599 of it. A document seen by Bloomberg News as the 0:06:29.600 --> 0:06:32.279 White House is considering dozens of ways for the President 0:06:32.320 --> 0:06:36.040 to take greater control of the federal bureaucracy. They include 0:06:36.160 --> 0:06:38.919 challenging a fifty year old law that limits the president's 0:06:38.960 --> 0:06:42.920 control of federal spending, making it easier to fire civil servants, 0:06:43.000 --> 0:06:45.360 kent pay and reign, and independent agencies. 0:06:45.560 --> 0:06:45.720 Well. 0:06:45.760 --> 0:06:48.200 Karen, President Trump's nominee to lead the Department of Health 0:06:48.200 --> 0:06:51.599 and Human Services, faced opposition from Democrats at the first 0:06:51.600 --> 0:06:55.799 of two confirmation hearings this week. Bloomberg's Amy Morris reports 0:06:55.800 --> 0:06:56.520 from Washington. 0:06:56.920 --> 0:06:57.320 Robert F. 0:06:57.400 --> 0:07:00.839 Kennedy Junior repeatedly insisted to Lawmays that he is not 0:07:01.120 --> 0:07:02.120 against vaccine. 0:07:02.200 --> 0:07:04.000 I support the measles vaccine. 0:07:04.120 --> 0:07:05.799 I support the polio vaccine. 0:07:05.880 --> 0:07:09.600 But the Finance Committee's Democrats, led by Ron Wyden of Oregon, 0:07:09.760 --> 0:07:10.640 were not convinced. 0:07:10.800 --> 0:07:14.160 Anybody who believes that on a look at the measles book, 0:07:14.200 --> 0:07:18.680 you wrote saying parents have been misled into believing that measles. 0:07:18.360 --> 0:07:20.160 Is the deadly disease. That's not true. 0:07:20.240 --> 0:07:23.360 Kennedy, who had supported abortion rights while he was running 0:07:23.360 --> 0:07:27.480 for president, promised to back all the administration's positions on abortion. 0:07:27.920 --> 0:07:31.640 The hearing featured repeated interruptions from protesters. 0:07:31.520 --> 0:07:33.560 I am pro safety, but. 0:07:33.520 --> 0:07:37.280 The room was also filled with several Kennedy supporters in Washington. 0:07:37.400 --> 0:07:39.120 Amy Morris, Bloomberg Radio. 0:07:39.040 --> 0:07:40.200 All right, Amy, thank you well. 0:07:40.200 --> 0:07:44.200 Two more key Trump nominees will have confirmation hearings today, 0:07:44.320 --> 0:07:46.960 Telsea Gabber, the President's choice to be the Director of 0:07:47.040 --> 0:07:50.680 National Intelligence, and Cash Battell, who is nominated to. 0:07:50.640 --> 0:07:51.400 Have the FBI. 0:07:51.880 --> 0:07:54.120 Will bring you live coverage of Gabbert's hearing at ten 0:07:54.160 --> 0:07:57.160 am Wall Street Time on Bloomberg Radio and the Bloomberg 0:07:57.240 --> 0:08:03.080 podcast page on YouTube. Time Now for a look at 0:08:03.080 --> 0:08:04.800 some of the other stories making news in New York 0:08:04.840 --> 0:08:06.640 and around the world, and for that were joined by 0:08:06.640 --> 0:08:09.160 Bloomberg's Michael Barr Michael, Good Morning, Good. 0:08:08.960 --> 0:08:11.720 Morning, Karen. The Justice Department is said to be in 0:08:11.800 --> 0:08:15.520 talks about dropping the corruption charges against New York City 0:08:15.560 --> 0:08:18.960 Mayor Eric Adams. So far, no final decision has been made. 0:08:19.080 --> 0:08:22.960 Reports say talks between the DOJ and prosecutors with the 0:08:23.000 --> 0:08:26.679 Southern District of New York had been preliminary last month, 0:08:26.760 --> 0:08:30.320 Presidents said that Adams had been treated pretty unfairly by 0:08:30.400 --> 0:08:35.240 prosecutors and suggested he was considering issuing a pardon. Former 0:08:35.360 --> 0:08:38.520 US Senator Bob Menendez has been sentenced to eleven years 0:08:38.559 --> 0:08:42.240 in prison for his conviction for accepting bribes of gold 0:08:42.320 --> 0:08:46.840 and cash and acting as an agent of Egypt. Before sentencing, 0:08:46.880 --> 0:08:50.200 the New Jersey Democrat tearfully addressed the judge, saying he 0:08:50.240 --> 0:08:53.800 had lost everything he cared about except family. Outside the 0:08:53.840 --> 0:08:57.600 New York courthouse, though, a defiant Menendez aligned himself with 0:08:57.760 --> 0:09:00.920 President Donald Trump. Welcome to the Southern District of New York, 0:09:01.600 --> 0:09:04.640 the wild West of political prosecutions. 0:09:05.559 --> 0:09:06.600 President Trump is right. 0:09:07.520 --> 0:09:11.680 This process is political, and it's corrupted to the core. 0:09:12.280 --> 0:09:15.920 Two people convicted of bribing Menendez were sentenced to seven 0:09:16.000 --> 0:09:21.120 and eight years behind bars. Israel Defense Force soldier a Gomberger, 0:09:21.520 --> 0:09:25.120 abducted by Hamas in October of twenty twenty three and 0:09:25.200 --> 0:09:28.000 held in Gaza since then, has been released and is 0:09:28.040 --> 0:09:31.760 back in Israel. According to the IDF, Burger is on 0:09:31.800 --> 0:09:35.000 her way to an initial reception point in southern Israel 0:09:35.160 --> 0:09:38.280 where she will be reunited with the parents. Earlier, she 0:09:38.360 --> 0:09:40.680 was handed over to the Red Cross and Gaza, who 0:09:40.720 --> 0:09:44.320 transferred her to Israeli forces in the Gaza. Script Defense 0:09:44.360 --> 0:09:47.840 Secretary Pete Hexath says the US had the right to 0:09:47.920 --> 0:09:51.960 do what is necessary to ensure access to the Pentama Canal, 0:09:52.360 --> 0:09:57.120 adding to President Donald Trump's threats around the crucial trade waterway. Hexath, 0:09:57.200 --> 0:09:59.840 speaking to Fox News last night, also says he is 0:09:59.840 --> 0:10:03.640 a establishing a task force to eliminate diversity, equity and 0:10:03.720 --> 0:10:06.199 inclusion policies in the US military. 0:10:06.480 --> 0:10:09.160 I think President Trump said it perfect in his inaugural address, 0:10:09.200 --> 0:10:11.559 which is what we're reinforcing in our directive as well. 0:10:11.840 --> 0:10:13.599 DoD will be color. 0:10:13.360 --> 0:10:17.480 Blind and merit based, color blind as it has been, 0:10:17.760 --> 0:10:20.240 and merit based as it should be. Because, as you 0:10:20.280 --> 0:10:23.880 know better than anybody, DEI sends the opposite signals. 0:10:23.720 --> 0:10:26.360 Global news twenty four hours a day and whenever you 0:10:26.400 --> 0:10:29.280 want it. With Bloomberg News Now, I'm Michael Barr, and 0:10:29.480 --> 0:10:31.280 this is Bloomberg Karen. 0:10:31.520 --> 0:10:32.800 All right, Michael Barr, thank you. 0:10:37.480 --> 0:10:39.840 Time now for the Bloomberg Sports Update, brought to you 0:10:39.880 --> 0:10:41.520 by Tri State Audi. 0:10:41.600 --> 0:10:43.800 Here's John stash Hour, John, good morning. 0:10:43.559 --> 0:10:45.959 Good morning, Terry Nixon. Nuggets at the Guard to the 0:10:46.000 --> 0:10:48.480 next got an early break when Denver star Nicola Jochu 0:10:48.480 --> 0:10:50.880 has picked up his second found just ninety seconds in. 0:10:50.920 --> 0:10:52.959 He only played nine minutes of the first half. Though 0:10:53.000 --> 0:10:56.040 Denver in the third quarter went from down six to 0:10:56.200 --> 0:10:58.680 up eight. Nicks rally they won one twenty two to 0:10:58.720 --> 0:11:02.600 one twelve. Jalen brun Than thirty points, fifteen assists, Ogionanoby 0:11:02.640 --> 0:11:05.920 scored twenty three. Four other Knicks also in double figures. 0:11:05.960 --> 0:11:08.800 It's five wins in a row for coach Tom Thibodeaux. 0:11:09.240 --> 0:11:14.360 Love the unselfishness. I think thirty three assists, guys making plays, jailing, 0:11:14.520 --> 0:11:18.640 you know, fifteen assists, and when you play like that, 0:11:18.640 --> 0:11:22.400 that gives you your team like a really strong spirit 0:11:22.440 --> 0:11:25.559 and togetherness. And I thought we were really connected and 0:11:26.160 --> 0:11:28.080 that's important to get those shots. 0:11:28.080 --> 0:11:29.160 Now, look to keep it going. 0:11:29.280 --> 0:11:32.080 Saturday night at the Garden against Lebron James and the Lakers, 0:11:32.160 --> 0:11:35.160 Nicks remained game behind the Celtics for second in the East. 0:11:35.160 --> 0:11:38.600 In Boston, christms Perzinga scored thirty four and are out 0:11:38.640 --> 0:11:40.920 of Chicago. Rare wind for the Nets, just their third 0:11:41.040 --> 0:11:43.480 of twenty twenty five, one oh four to eighty three 0:11:43.520 --> 0:11:46.800 at Charlotte. Cleveland won by twenty at Miami and Newark 0:11:46.840 --> 0:11:49.439 Devils with a five nothings blanking of the Flyers Jake 0:11:49.480 --> 0:11:52.240 Allen twenty four saves, so they split a home at 0:11:52.280 --> 0:11:54.880 home with Philly College. Hoops top rank Auburn one at 0:11:54.960 --> 0:11:58.560 LSU yukon beat to Paul Rutgers one at Northwestern. New 0:11:58.640 --> 0:12:01.680 Jets coach Aaron Glenn, who coach the defense that Detroit 0:12:01.760 --> 0:12:05.800 has hired as his defensive coordinator Steve Wilkes, who didn't 0:12:05.840 --> 0:12:09.240 coach anywhere this past season, but Wilkes has coached sixteen 0:12:09.320 --> 0:12:12.400 years for six NFL teams, including two short stints as 0:12:12.400 --> 0:12:15.840 a head coach. Giants offensive cornator Mike Kafka, seen as 0:12:15.880 --> 0:12:17.800 one of two finalists to be the new head coach 0:12:17.840 --> 0:12:21.480 in New Orleans. His interview with the Saints lasted nine hours, 0:12:21.520 --> 0:12:24.320 but the favorite to get the Saints job is Eagles 0:12:24.360 --> 0:12:27.240 assistant Kellen Moore. Tommy Kinley leaving the Yankee bullpen to 0:12:27.280 --> 0:12:30.920 Pitchford Detroit. The Mets re signed relievera Ryan Stanek. They 0:12:31.000 --> 0:12:34.520 start playing today at Pebble Beach. The season debuts for Scotti, Scheffler, 0:12:34.520 --> 0:12:37.679 and Rory McElroy. John stashanaware of Bloomberg Sport. 0:12:39.800 --> 0:12:43.960 Coast to coast on Bloomberg Radio nationwide on Serious Exam 0:12:44.080 --> 0:12:46.920 and around the world on Bloomberg dot Com and the 0:12:46.960 --> 0:12:48.160 Bloomberg Business app. 0:12:48.480 --> 0:12:50.040 This is Bloomberg Daybreak. 0:12:50.240 --> 0:12:52.480 Good morning. I'm Nathan Hager. We returned to the breaking 0:12:52.520 --> 0:12:56.000 news from overnight. A regional jet flown for American Airlines 0:12:56.160 --> 0:12:59.280 crashed with a military helicopter last night on approach to 0:12:59.320 --> 0:13:01.599 Reagan National Airport near Washington, d C. 0:13:01.800 --> 0:13:04.079 It was on its way from Wichita, Kansas. 0:13:04.440 --> 0:13:07.080 It has sparked an all out search and rescue effort 0:13:07.160 --> 0:13:11.160 in the Potomac River nearby. Sixty four people were on 0:13:11.440 --> 0:13:15.560 that American Airlines flight. Joining us now is Benedict Camel, 0:13:15.600 --> 0:13:19.520 who heads up Bloomberg's global aviation coverage. 0:13:19.760 --> 0:13:20.960 Benedict, good morning. 0:13:21.000 --> 0:13:23.920 What is the latest that we know about this crash? 0:13:24.000 --> 0:13:24.520 Good morning. 0:13:24.559 --> 0:13:26.440 So the latest is that were still very much in 0:13:26.480 --> 0:13:28.760 the sort of salvage part of the operation, and this 0:13:28.800 --> 0:13:31.920 is a difficult exercise. We heard a couple of hours 0:13:31.960 --> 0:13:36.040 ago from some officials who had gathered at the airport 0:13:36.200 --> 0:13:38.520 and gave an update that there were members from the 0:13:38.520 --> 0:13:41.720 fire Service, there was the mayor, the senator from Kansas 0:13:41.760 --> 0:13:44.960 where that plane originated. As you said, he was also there, 0:13:45.440 --> 0:13:51.080 and there's about three hundred people on the ground, boats involved, ambulances, 0:13:51.160 --> 0:13:54.719 fire engines and so on. What we know at this 0:13:54.840 --> 0:13:58.880 point is that the incoming regional jet collided with the 0:13:58.920 --> 0:14:04.280 helicopter that approached the runway. We don't know why that happened. 0:14:04.559 --> 0:14:07.480 We don't know who is to blame, so that's too 0:14:07.520 --> 0:14:09.800 early to say. The other thing, crucially that we don't 0:14:09.840 --> 0:14:13.920 know at this point is whether there are survivors. The 0:14:13.960 --> 0:14:17.400 head of the fire brigade gave a fairly grim assessment 0:14:17.400 --> 0:14:20.080 of the scene. He said, this is very difficult to 0:14:20.120 --> 0:14:24.680 operate in. It's cold, it's icy, the water is murky, 0:14:25.720 --> 0:14:28.720 the plane has broken up. So it would really come 0:14:28.760 --> 0:14:31.560 down to a miracle if you find many, if any 0:14:31.600 --> 0:14:32.760 survivors in this tragedy. 0:14:33.080 --> 0:14:34.760 And it has to be said that this is some 0:14:34.800 --> 0:14:38.560 of the most closely monitored and secure air space in 0:14:38.600 --> 0:14:41.600 the United States, just across from the Pentagon, only a 0:14:41.640 --> 0:14:45.200 few miles from the White House and Capitol Hill. It 0:14:45.240 --> 0:14:48.240 has to raise a lot of questions now about how 0:14:48.280 --> 0:14:51.480 something like this could have happened so close to the 0:14:51.520 --> 0:14:53.320 seats of power in the United States. 0:14:54.240 --> 0:14:55.400 Yes, we're absolutely right. 0:14:55.440 --> 0:14:58.560 I mean, it's not unusual for helicopters to be operating 0:14:58.560 --> 0:14:59.920 in this area. 0:15:00.040 --> 0:15:03.320 Clearly one of the aircraft was out of position. President 0:15:03.360 --> 0:15:04.320 Donald Trump. 0:15:04.080 --> 0:15:07.520 Weighed in a couple of hours with a message on 0:15:07.600 --> 0:15:10.560 his social media platform saying, this is an occurrence that 0:15:10.600 --> 0:15:13.400 should not have happened. He should we say blame or 0:15:13.400 --> 0:15:17.280 at least he pointed to the tower as being an 0:15:17.280 --> 0:15:21.000 area that should be should be investigated. But again we 0:15:21.040 --> 0:15:23.960 are not in that phase of the investigation yet. The NTSB, 0:15:24.160 --> 0:15:28.000 the FAA, they're all on site. They have teams deployed 0:15:28.040 --> 0:15:31.200 that are there that will try and retrieve whatever they can. 0:15:31.280 --> 0:15:34.800 Be at the black boxes, be at footage. As you said, 0:15:34.800 --> 0:15:38.160 this is a very heavily surveyed part of the country. 0:15:38.240 --> 0:15:41.880 There is somewhat murky but still footage of the mid 0:15:41.920 --> 0:15:44.600 air collision, so that might provide some clues as to 0:15:44.640 --> 0:15:47.560 who was out of position. There's the radio back and 0:15:47.640 --> 0:15:52.120 forth between air traffic control and the aircraft in the sky. 0:15:52.240 --> 0:15:55.560 So all of those clues will help paint a picture 0:15:55.680 --> 0:15:58.920 and provide better clues as to who is to blame 0:15:59.120 --> 0:15:59.800 and what can be done. 0:16:00.160 --> 0:16:02.160 That's going forward, Benedict's stay with us. 0:16:02.240 --> 0:16:04.720 We want to bring in Bloomberg's chief Washington, our chief 0:16:04.760 --> 0:16:08.240 political correspondent Anne Marie Hordern, who is with us now 0:16:08.440 --> 0:16:11.040 from Reagan National Airport as I understand it. 0:16:11.040 --> 0:16:13.440 And Marie, good morning. What can you tell us. 0:16:13.360 --> 0:16:15.800 Now about this search and rescue effort that, as I 0:16:15.880 --> 0:16:19.440 understand it has been going on since last night when 0:16:19.480 --> 0:16:21.280 this crash first happened. 0:16:21.960 --> 0:16:25.280 Yes, more than three hundred individuals, one hundreds really part 0:16:25.320 --> 0:16:28.800 of the search and rescue team. What we know according 0:16:28.840 --> 0:16:34.160 to CBS that eighteen bodies have been recovered after this fatal, 0:16:34.480 --> 0:16:38.880 deadly crash around nine pm last night. What I could 0:16:38.920 --> 0:16:41.680 tell you is that now that we move into this 0:16:43.160 --> 0:16:46.320 rescue mission, a lot of questions are being asked. The 0:16:46.440 --> 0:16:50.200 National Transportation Safety Board will leave this investigation, of course, 0:16:50.240 --> 0:16:53.840 will be aided by the SAA. Last night, we did 0:16:53.880 --> 0:16:56.600 hear from a number of officials, including the just born 0:16:56.760 --> 0:17:03.000 in Transportation Secretary Sean Duffy and Mayor of DC, Mriol 0:17:03.080 --> 0:17:06.400 Bowser is saying that they're going to provide another briefing 0:17:06.560 --> 0:17:10.919 this morning at seven thirty am at DCA, So we 0:17:11.000 --> 0:17:14.919 will get another update from officials from local authorities this 0:17:15.160 --> 0:17:18.560 morning at DCA the airport at the moment is closed 0:17:18.960 --> 0:17:23.800 till eleven am. Potentially that can change, but that is 0:17:23.800 --> 0:17:26.760 the latest we have right now. As of course, the 0:17:26.840 --> 0:17:28.639 nation is waking up to this heartbreaking news. 0:17:29.119 --> 0:17:30.879 It's going to be a crucial update coming up in 0:17:31.000 --> 0:17:34.000 just the next couple of hours here. But as you know, Anne, Marie, 0:17:34.000 --> 0:17:38.399 the Potomac River is murky, it is cold, this is 0:17:38.440 --> 0:17:41.400 going to be a very difficult search and rescue operation. 0:17:42.119 --> 0:17:45.760 Raises a lot of questions about just what kind of 0:17:45.800 --> 0:17:50.880 survivability we could see following an incident like this, Absolutely, which. 0:17:50.720 --> 0:17:54.840 Is why this is so devastating to the entire nation, 0:17:54.920 --> 0:17:57.920 to everyone involved. Families that were coming here last night 0:17:58.040 --> 0:18:01.639 with tons of questions wanted to know weather, Luvembre, as 0:18:01.720 --> 0:18:06.040 anyone says the divers and reverse responders that are out 0:18:06.080 --> 0:18:09.040 a part of his rescue mission or operating under extremely 0:18:09.080 --> 0:18:13.720 difficult conditions. It's obviously dark, it's very cold, the water's 0:18:13.840 --> 0:18:17.240 very muddy. It's incredibly icy to the frigid temperatures that 0:18:17.680 --> 0:18:20.600 DC had last week. We remember last week the inauguration 0:18:20.720 --> 0:18:23.879 had to be moved inside because of those weather conditions. 0:18:24.119 --> 0:18:28.879 So it's incredibly, incredibly difficult right now, and there's just 0:18:28.960 --> 0:18:31.920 so many questions and just not enough answers. 0:18:32.080 --> 0:18:34.919 And for a long time Washingtonians, this is going to 0:18:35.000 --> 0:18:37.760 raise memories of the Air Florida crash into the fourteenth 0:18:37.800 --> 0:18:40.840 Street Bridge that happened in nineteen eighty two, more than 0:18:40.880 --> 0:18:43.359 forty years ago. But Anne Marie, in this case, it 0:18:43.359 --> 0:18:45.600 doesn't look as though the weather, the ice on the 0:18:45.640 --> 0:18:50.000 wings back then, was the culprit in this situation when 0:18:50.000 --> 0:18:54.399 we have a regional jet crashing into a military helicopter 0:18:54.520 --> 0:18:59.160 apparently on a routine test flight. But obviously this anything 0:18:59.240 --> 0:19:00.720 but routine. 0:19:01.320 --> 0:19:04.280 No, not anything but routine. I mean, this is Washington, 0:19:04.400 --> 0:19:07.560 d C. So you do have tons of military aircraft. 0:19:08.280 --> 0:19:11.280 We are just south of DCA from the Pentagon, across 0:19:11.359 --> 0:19:15.640 the river from the nation's capital, and there is training 0:19:15.800 --> 0:19:18.159 that go on and go on at night, and that 0:19:18.280 --> 0:19:21.320 seems to be what this Black Hall helicopter was doing. 0:19:21.440 --> 0:19:24.960 With three US military personnel on board, this was training. 0:19:25.600 --> 0:19:27.399 But even the President of the United States, after the 0:19:27.440 --> 0:19:30.840 White House put out a statement last night that he 0:19:31.240 --> 0:19:35.040 was briefed on the matter, May God bless their souls, 0:19:35.040 --> 0:19:38.199 he talked about the individuals involved. He then took the 0:19:38.240 --> 0:19:41.479 truth social later in the evening and really You can 0:19:41.560 --> 0:19:46.320 tell his frustration about how he's asking the question the President. 0:19:46.359 --> 0:19:48.359 I say, don Trump, why didn't the helicopter go up 0:19:48.400 --> 0:19:51.000 or down our turn? Why didn't the control tell tell 0:19:51.040 --> 0:19:53.280 the helicopter what to do instead of asking if they 0:19:53.280 --> 0:19:54.040 saw the plane? 0:19:54.480 --> 0:19:54.679 You know? 0:19:54.720 --> 0:19:57.280 And he sangs the bad situation and feels like it 0:19:57.320 --> 0:19:59.760 could have been prevented, which is why there's going to 0:19:59.800 --> 0:20:02.639 be a ton of questions on what kind of radio 0:20:02.640 --> 0:20:05.520 frequency channels are these two individuals, for these two the 0:20:05.560 --> 0:20:09.200 helicopter and the passenger plane, on what was the air 0:20:09.240 --> 0:20:13.359 traffic control telling them at this time? You would think 0:20:13.440 --> 0:20:19.480 that this could never happen, But obviously devastating tragedy did 0:20:19.880 --> 0:20:20.800 just nine pm. 0:20:20.640 --> 0:20:24.240 Last night, and certainly a huge test for this young 0:20:24.280 --> 0:20:28.119 Trump administration, not just for the brand new Transportation Secretary 0:20:28.160 --> 0:20:32.040 Sean Duffy, but for Pete Haig Seth, who's in charge 0:20:32.440 --> 0:20:35.560 of that Sikorsky helicopter that's involved in this. 0:20:36.720 --> 0:20:41.119 Absolutely, this is Sean Duffy was just born in yesterday. 0:20:41.480 --> 0:20:43.800 He had been on the job for not even twenty 0:20:43.840 --> 0:20:47.120 four hours. He was here at DCA last night, three 0:20:47.200 --> 0:20:50.120 free reporters. When it comes to Pete Haig Seth, he's 0:20:50.160 --> 0:20:53.280 only been on the job for a few days, so 0:20:53.359 --> 0:20:56.959 of course this is a huge test for this incoming administration. 0:20:57.359 --> 0:21:00.399 And we also know a number of individual is not 0:21:00.440 --> 0:21:03.400 in place yet because this is a transition, So they're 0:21:03.440 --> 0:21:05.800 dealing with a crisis when a lot of members of 0:21:05.800 --> 0:21:09.040 their teams are just not yet in place, because we 0:21:09.080 --> 0:21:11.400 are second week into a new administration. 0:21:12.760 --> 0:21:15.760 Bloomber chief political correspondent and Marie Hordron with us this 0:21:15.800 --> 0:21:18.280 morning from Reagan National Airport, now the scene of a 0:21:18.400 --> 0:21:24.280 search and rescue operation following that deadly plane crash between 0:21:24.320 --> 0:21:28.880 the flight out of Wichita and the military helicopter out 0:21:28.880 --> 0:21:32.439 of Fort Belvoir, Virginia. Thanks for keeping us updated on that. 0:21:32.480 --> 0:21:35.280 We'll be looking to more of your reporting throughout the day. 0:21:35.320 --> 0:21:37.679 But now we want to bring back in Benedict Cammell, 0:21:37.720 --> 0:21:42.800 who leads our global aviation coverage for Bloomberg News, raising 0:21:42.880 --> 0:21:47.280 so many of the questions now, Benedict, for officials, for 0:21:47.480 --> 0:21:51.080 rescuers as far as how something like this could have happened, 0:21:51.800 --> 0:21:54.600 What are you looking for in terms of. 0:21:55.960 --> 0:21:57.680 What could be gleaned out of this? 0:21:58.800 --> 0:22:01.120 Well, to Anne Marie's point that she raised just now, 0:22:01.160 --> 0:22:02.800 I think a lot of The focus will be on 0:22:02.920 --> 0:22:07.040 those fateful last moments and the sort of intercom between 0:22:07.720 --> 0:22:11.119 the tower and the aircraft. You know, what was said 0:22:11.240 --> 0:22:14.479 to whom, who was potentially out of position. That will 0:22:14.840 --> 0:22:18.440 potentially provide an early clue as to who's to blame 0:22:18.480 --> 0:22:22.240 for this. The aircraft is equipped with what's commonly referred 0:22:22.280 --> 0:22:25.440 to black boxes. Those are two devices, one that records 0:22:26.200 --> 0:22:28.960 anything that said in the cockpit as well as noises, 0:22:29.040 --> 0:22:31.440 and the other one is for sort of flight data metrics, 0:22:31.480 --> 0:22:32.160 and those. 0:22:32.000 --> 0:22:34.080 Will be very closely. 0:22:33.720 --> 0:22:37.240 Scrutinized to any clues in terms of who might have 0:22:37.240 --> 0:22:38.080 been out of position. 0:22:38.440 --> 0:22:41.320 We do have a little bit of footage from the grounds. 0:22:41.640 --> 0:22:45.000 It's blurry somewhat, but again that might be pulled in. 0:22:45.240 --> 0:22:47.480 We've seen in the past that you have all these 0:22:47.520 --> 0:22:50.320 different metrics that you can draw on, and the NTSB 0:22:50.760 --> 0:22:54.040 is obviously a very professional body, knows how to deal 0:22:54.080 --> 0:22:58.080 with these these kinds of incidents. As Anne Marie said, 0:22:58.320 --> 0:23:01.000 as huge amount of political press on this. The President 0:23:01.000 --> 0:23:03.960 has weighed in. It essentially happened, you know, Dari say 0:23:03.960 --> 0:23:07.119 in his backyard. This is a test case for the 0:23:07.160 --> 0:23:11.040 new administration, for Pete Hexith's for Sean Duffy, who spoke 0:23:11.560 --> 0:23:14.920 last night at the press conference and who said himself, look, 0:23:14.920 --> 0:23:17.600 I've been in the job for a day, so this 0:23:17.760 --> 0:23:20.400 is really going to be a test case for him 0:23:20.440 --> 0:23:23.480 and how they handle this. The truth will come out, 0:23:23.560 --> 0:23:26.119 but I think everyone was very clear at this point 0:23:26.119 --> 0:23:28.560 that we're not in that phase at the moment. This 0:23:28.640 --> 0:23:33.240 is about trying to find potential survivors, trying to race 0:23:33.280 --> 0:23:36.200 against time, essentially because the cold water will be a 0:23:36.280 --> 0:23:39.560 very difficult environment for anyone to survive. And so that's 0:23:39.600 --> 0:23:41.600 sort of where the focus is right now, and then 0:23:41.680 --> 0:23:44.320 throughout the next day, maybe even at that seven thirty 0:23:44.320 --> 0:23:46.520 press conference there and Marie mentioned we will get a 0:23:46.560 --> 0:23:47.200 little bit more. 0:23:47.720 --> 0:23:49.359 And it has to be said that this is the 0:23:49.359 --> 0:23:53.120 first time that we've seen regional jet crash like this 0:23:53.400 --> 0:23:56.800 in just about fifteen years. It speaks to the rarity 0:23:57.160 --> 0:23:59.800 of something like this. And when it comes to Reagan 0:23:59.840 --> 0:24:03.600 Now National Airport, the flight patterns the pretty much follow 0:24:03.640 --> 0:24:06.920 the Potomac River, whether you're coming in from the north 0:24:07.040 --> 0:24:10.480 or the south, and that raises a question, doesn't it, 0:24:10.480 --> 0:24:13.280 benedict about how something like this could have happened when 0:24:13.400 --> 0:24:17.560 we have such routine flight patterns in and out of 0:24:17.600 --> 0:24:18.680 Reagan National Airport. 0:24:19.520 --> 0:24:22.159 Yeah, you're absolutely right, and you know, to widen the 0:24:22.240 --> 0:24:25.600 lens a little bit. We are coming out of a 0:24:25.640 --> 0:24:29.439 phase of extreme safety in terms of airspace. Might not 0:24:29.440 --> 0:24:31.359 feel that way off the back of a tragedy like this, 0:24:31.760 --> 0:24:34.399 and we've had a couple of similar tragedies in the 0:24:34.480 --> 0:24:37.600 last couple of weeks even and throughout the last year, 0:24:37.640 --> 0:24:42.560 but longer term, aviation safety has improved tremendously. If you 0:24:42.560 --> 0:24:45.680 look at twenty twenty three, there was not a single 0:24:46.600 --> 0:24:50.639 civil aviation accident throughout the entire year. You had thirty 0:24:50.640 --> 0:24:54.760 seven million movements and not a single loss of life. 0:24:54.840 --> 0:24:58.600 So that gives you a sense of where we're coming from. 0:24:58.680 --> 0:25:03.120 So obviously every after that really puts the spotlight on safety. 0:25:03.480 --> 0:25:06.040 We had that incident about a year ago that people 0:25:06.359 --> 0:25:11.199 might remember about the collision in Japan a Tokyo. There 0:25:11.240 --> 0:25:14.880 was a large aircraft that plowed into a stationary plane. Miraculously, 0:25:14.920 --> 0:25:18.280 everybody survived on that aircraft, on the large plane. The 0:25:18.320 --> 0:25:21.919 people on the small plane died tragically. And then we 0:25:21.960 --> 0:25:25.160 had the incident in South Korea a couple of weeks 0:25:25.160 --> 0:25:28.680 ago where the plane attempted an emergency landing and then 0:25:28.760 --> 0:25:32.280 plowed into a concrete wall, and tragically everybody died on that. 0:25:32.359 --> 0:25:36.040 So I'm raising these incidents because they are rare. They 0:25:36.040 --> 0:25:39.920 don't happen often, thankfully, but there's an eerie similarity because 0:25:39.920 --> 0:25:45.200 they're all somehow involved in collisions, in approach. 0:25:45.920 --> 0:25:48.199 And so on. So this is something that will be 0:25:48.320 --> 0:25:49.040 very much watched. 0:25:50.800 --> 0:25:54.240 This is Bloomberg Daybreak, your morning podcast and the stories 0:25:54.320 --> 0:25:57.320 making news from Wall Street to Washington and beyond. 0:25:57.600 --> 0:25:59.960 Look for us on your podcast feed by six am 0:26:00.040 --> 0:26:03.440 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:26:03.640 --> 0:26:06.480 You can also listen live each morning starting at five 0:26:06.520 --> 0:26:09.240 am Wall Street time on Bloomberg eleven three to zero 0:26:09.240 --> 0:26:12.160 in New York, Bloomberg in ninety nine to one in Washington, 0:26:12.200 --> 0:26:16.160 Bloomberg ninety two nine in Boston, and nationwide on serious 0:26:16.359 --> 0:26:17.920 XM Channel one twenty one. 0:26:18.320 --> 0:26:21.040 Plus listen coast to coast on the Bloomberg Business app 0:26:21.080 --> 0:26:23.840 now with Apple CarPlay and Android auto interfaces. 0:26:24.119 --> 0:26:27.120 And don't forget to subscribe to Bloomberg News Now. It's 0:26:27.160 --> 0:26:29.879 the latest news whenever you want it in five minutes 0:26:30.000 --> 0:26:33.120 or less. Search Bloomberg News Now and your favorite podcast 0:26:33.119 --> 0:26:35.399 platform to stay informed all day long. 0:26:35.680 --> 0:26:37.320 I'm Karen Moscow. 0:26:37.080 --> 0:26:38.080 And I'm Nathan Hager. 0:26:38.200 --> 0:26:40.280 Join us again tomorrow morning for all the news you 0:26:40.320 --> 0:26:42.840 need to start your day right here on Bloomberg day 0:26:42.880 --> 0:26:43.080 Break