Trump Case Goes to Jury; Big Oil Deal Negotiations

Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan 0:00:12.119 --> 0:00:15.080 Hager and I'm Karen Moscow. Here are the stories we're 0:00:15.120 --> 0:00:15.920 following today. 0:00:16.200 --> 0:00:19.000 Karen, we begin with the criminal hush money trial of 0:00:19.120 --> 0:00:24.000 Donald Trump. Jurors are expected to begin deliberations today. Let's 0:00:24.000 --> 0:00:26.599 get the latest from Bloomberg's John Tucker in New York. 0:00:26.680 --> 0:00:29.840 John Nathan. After more than six weeks of testimony, closing 0:00:29.960 --> 0:00:33.920 arguments wrapped up last night, the prosecutor urging the Manhattan 0:00:34.000 --> 0:00:36.680 jury to consider what he called a mountain of evidence 0:00:37.000 --> 0:00:40.120 showing the former president try to influence the twenty sixteen 0:00:40.159 --> 0:00:43.320 election by paying a porn actress to stay silent about 0:00:43.360 --> 0:00:46.519 an alleged sanctional encounter. I've been trying to cover his tracks. 0:00:46.880 --> 0:00:49.240 This morning, Judge wan Er Shan will give the twelve 0:00:49.240 --> 0:00:52.440 person panel instructions on how to apply the law to 0:00:52.520 --> 0:00:55.200 the case, known as a jury charge, and then we'll 0:00:55.240 --> 0:00:58.440 send them to the jury room to begin deliberations. Trump 0:00:58.440 --> 0:01:01.800 faces thirty four counts of fualseing business records if he's 0:01:01.800 --> 0:01:04.200 found guilty if any of the counts, the next step 0:01:04.200 --> 0:01:06.800 will be for the judge to sentence him. A typical 0:01:06.800 --> 0:01:09.920 defendant convicted of a felony charge is sentenced to serve 0:01:10.000 --> 0:01:12.160 some prison time, but there's nothing of the law that 0:01:12.280 --> 0:01:15.679 requires it. Each of the counts is an E class felony, 0:01:16.000 --> 0:01:18.280 which carries a prison term of one of the third 0:01:18.360 --> 0:01:20.959 years to four years. The judge has made it clear 0:01:21.000 --> 0:01:23.959 he takes white collar crime seriously. In New York on 0:01:24.080 --> 0:01:25.560 John Tucker Bloomberg. 0:01:25.120 --> 0:01:27.600 Radio, all right, John, thank you. We now turn to 0:01:27.640 --> 0:01:30.240 the latest developments in the Middle East. The White House 0:01:30.240 --> 0:01:33.319 says and Israeli strike on an encampment in Rafa that 0:01:33.400 --> 0:01:37.200 left dozens dead was devastating, but did not cross the 0:01:37.240 --> 0:01:39.720 red line. Bloomberg's Ed Baxter reports. 0:01:40.360 --> 0:01:43.960 The administration says the President has no intention of freezing 0:01:43.959 --> 0:01:48.280 additional arm shipments. NSC spokesman John Kirby says it was 0:01:48.400 --> 0:01:51.240 not the large scale attack the US had worn against. 0:01:51.280 --> 0:01:56.880 We have been, I think, very strident in our condemnations 0:01:56.880 --> 0:02:01.600 about the deaths of innocent civilians. Yes, are not excused 0:02:01.600 --> 0:02:05.000 from that, but we have to understand what happened here. 0:02:05.440 --> 0:02:08.600 Israel, in fact, says it's small arms air drop could 0:02:08.680 --> 0:02:11.880 not have caused the explosion that killed dozens. It says 0:02:11.880 --> 0:02:16.079 it had to have been Hamas stored munitions, Ed Baxter 0:02:16.080 --> 0:02:17.640 Bloomberg Radio Thanks Ed. 0:02:17.680 --> 0:02:20.600 Turning to markets now, Futures are lower ahead of the 0:02:20.600 --> 0:02:25.440 Wednesday session on concern about rates impacting investors. Yesterday, the 0:02:25.440 --> 0:02:28.880 FEDS Neil Kashkari set officials have not entirely ruled out 0:02:28.919 --> 0:02:32.760 additional rate hikes. Lori Calvacina is head of US equity 0:02:32.800 --> 0:02:34.799 strategy at RBC Capital Markets. 0:02:35.240 --> 0:02:37.560 We do think, based on sort of the messaging of 0:02:37.639 --> 0:02:40.840 where the economy is likely to be this year, what 0:02:40.880 --> 0:02:42.720 the Fed is likely to do or not do this year, 0:02:42.720 --> 0:02:45.320 and where inflation is likely to end up, we seem 0:02:45.360 --> 0:02:47.240 fairly valued. And I know that's a little bit of 0:02:47.240 --> 0:02:49.000 a boring message, but we do feel a little bit 0:02:49.000 --> 0:02:51.400 stuck in neutral for the moment. I will say I 0:02:51.440 --> 0:02:54.160 am not in the bearish camp. We do have a 0:02:54.200 --> 0:02:57.080 few strategists who are still sitting over there, and we 0:02:57.120 --> 0:02:59.359 do think that we're sort of midway through a recovery 0:02:59.400 --> 0:03:02.560 that begin a for session like conditions in twenty twenty two. 0:03:03.240 --> 0:03:04.880 But sometimes we do get a little bit stuck in 0:03:04.880 --> 0:03:06.560 the market, and that's how I'm feeling at the moment. 0:03:06.680 --> 0:03:09.720 Glory Calvacina of RBC Capital Market says her year end 0:03:09.760 --> 0:03:11.760 price target for the S and P five hundred is 0:03:11.840 --> 0:03:14.839 fifty three hundred. That's just a few points from where 0:03:14.880 --> 0:03:15.960 it closed yesterday. 0:03:16.320 --> 0:03:18.000 Well, we have plenty of deal news to get you 0:03:18.000 --> 0:03:20.800 caught up on. Nathan. The Financial Times is reporting Knago 0:03:20.880 --> 0:03:25.120 Phillips is in advanced talks to acquire smaller rival Marathon Oil. 0:03:25.440 --> 0:03:28.239 The paper says the proposed all stock deal would value 0:03:28.280 --> 0:03:32.160 Marathon at more than fifteen billion dollars. Shares of Marathon 0:03:32.200 --> 0:03:34.200 are at more than five percent in Europe. 0:03:34.240 --> 0:03:37.000 Care and BHP has asked for a deadline extension on 0:03:37.080 --> 0:03:40.520 its takeover talks of rival Anglo American. The minor says 0:03:40.560 --> 0:03:43.400 it's proposed a range of measures intended to address concerns 0:03:43.480 --> 0:03:48.360 regarding the proposed transaction structure. BHP's third all share proposal 0:03:48.760 --> 0:03:52.680 valuing Anglo at forty nine billion dollars, was rebuffed last week. 0:03:53.160 --> 0:03:56.440 And in the drug industry, Nathan Mrk is reportedly buying 0:03:56.520 --> 0:03:59.840 privately held i Bio. The FT says the price tag 0:04:00.160 --> 0:04:03.880 three billion dollars. The paper says the acquisition pushes Merk 0:04:03.920 --> 0:04:05.640 into the growing market for eye care. 0:04:05.920 --> 0:04:08.760 And another company news, Karen, we're watching shares of American 0:04:08.800 --> 0:04:12.280 airlines fly lower. They are down nearly eight percent. The 0:04:12.320 --> 0:04:15.440 airline cut its profit guidance heading into the crucial summer 0:04:15.480 --> 0:04:19.280 travel season. American also says its chief commercial officer is 0:04:19.400 --> 0:04:20.279 leaving the company. 0:04:20.800 --> 0:04:23.799 Well, we turn to Asia now, Nathan. The Chinese economy 0:04:23.920 --> 0:04:27.000 is getting a boost from the International Monetary Fund. It's 0:04:27.080 --> 0:04:29.520 raising its growth forecast this year for the world's second 0:04:29.520 --> 0:04:32.719 biggest economy to five percent. That's that from four point 0:04:32.760 --> 0:04:36.400 six percent just a few weeks ago. Gita Gopinath is 0:04:36.440 --> 0:04:40.160 the IMF's first Deputy Managing Director. She says twenty twenty 0:04:40.200 --> 0:04:42.920 four has gone off to a strong start in China. 0:04:43.360 --> 0:04:47.839 We certainly are seeing that consumption is recovering, but still 0:04:47.839 --> 0:04:50.960 it has some ways to go. The strength we're seeing 0:04:50.960 --> 0:04:56.000 in public investment remains. Private investments is still weak, mainly 0:04:56.040 --> 0:04:58.359 because of the weakness and the property sector. 0:04:58.920 --> 0:05:01.480 The IMF's Gita go Banaf as calling on China to 0:05:01.520 --> 0:05:05.040 provide more fiscal and monetary support for its economy, including 0:05:05.040 --> 0:05:08.680 more steps to resolve the housing crisis. This month, China 0:05:08.720 --> 0:05:12.440 announced easier down payment requirements for home buyers and about 0:05:12.480 --> 0:05:15.160 forty two billion dollars in central bank funding to help 0:05:15.240 --> 0:05:17.840 local governments buy excess properties. 0:05:18.000 --> 0:05:20.159 Well back here in the US. Karen, the short seller 0:05:20.160 --> 0:05:22.760 who made his fame and fortune off the collapse of Enron, 0:05:22.920 --> 0:05:25.279 is now facing a lawsuit from one of his partners. 0:05:25.360 --> 0:05:28.359 Jim Chanos, founder of Channos and Company, is accused of 0:05:28.440 --> 0:05:31.200 taking ten million dollars in loans from the company over 0:05:31.279 --> 0:05:34.560 more than a decade and using them as a quote piggybank. 0:05:34.760 --> 0:05:38.400 The lawsuit from Conlin Holdings also accuses Channos of selling 0:05:38.480 --> 0:05:41.719 a Miami luxury apartment for seventeen point eight million dollars 0:05:41.800 --> 0:05:45.000 and then using his girlfriend as the sales agent, netting 0:05:45.040 --> 0:05:48.160 her a more than half million dollar commission. Channos tells 0:05:48.160 --> 0:05:54.479 Bloomberg the lawsuit is puzzling and baseless, but it. 0:05:54.560 --> 0:05:55.720 Is time now for a look at some of the 0:05:55.760 --> 0:05:58.280 other stories making news in New York then around the world, 0:05:58.360 --> 0:06:00.919 And for that we're joined by a Bloomberg's Michael Barr Michael, 0:06:00.920 --> 0:06:01.680 Good Morning. 0:06:01.520 --> 0:06:05.040 Good morning. Karen. Harvey Weinstein is expected to appear before 0:06:05.040 --> 0:06:08.000 a judge this afternoon in the same New York City 0:06:08.000 --> 0:06:11.919 courthouse where former President Donald Trump is on trial. The 0:06:12.000 --> 0:06:16.200 disgraced movie producer is awaiting a retrial on rape charges 0:06:16.440 --> 0:06:20.000 after his twenty twenty conviction was tossed out. Today's court 0:06:20.040 --> 0:06:23.680 hearing will address various legal issues related to the upcoming trial, 0:06:23.920 --> 0:06:26.920 which is tentatively scheduled for some time after Labor Day. 0:06:27.440 --> 0:06:30.719 Two people were missing and seven were injured when a 0:06:30.839 --> 0:06:34.840 natural gas explosion caused extensive damage to a building in 0:06:34.880 --> 0:06:40.479 downtown Youngstown, Ohio. Authorities say yesterday afternoon's blast blew off 0:06:40.480 --> 0:06:45.039 the facade of Realty Tower. Firefighters helped some people get 0:06:45.120 --> 0:06:47.760 out of the building, which houses a Chase Bank on 0:06:47.880 --> 0:06:51.120 the ground floor and as apartments in upper floors. This 0:06:51.200 --> 0:06:52.960 man works a block away from the blast. 0:06:53.600 --> 0:06:57.440 It sounded like a big piece of machinery like fell 0:06:57.560 --> 0:07:00.719 flat onto the side street. That's how it's it. And 0:07:00.760 --> 0:07:03.240 then you got a little shake with it. So my 0:07:03.320 --> 0:07:05.359 initial thought is like, I've been in an earthquake before. 0:07:05.400 --> 0:07:06.680 I was like, is this an earthquake? 0:07:07.000 --> 0:07:10.760 By your officials say the building's structural integrity is in question, 0:07:11.120 --> 0:07:14.520 so no firefighters are being allowed in to conduct a search. 0:07:15.040 --> 0:07:19.280 A Texas Republican congressman representing the Uvalde area one in 0:07:19.360 --> 0:07:22.120 a tense runoff with a gun rights activists in the 0:07:22.160 --> 0:07:26.560 state's primary GOP Congressman Tony Gonzalez was one of the 0:07:26.560 --> 0:07:30.640 few congressional Republicans who supported the twenty twenty two bipartisan 0:07:30.680 --> 0:07:33.520 gun law created in the wake of the brutal shooting 0:07:33.600 --> 0:07:37.320 in his district. At rob Elementary, Gonzales got fifty point 0:07:37.360 --> 0:07:41.160 seven percent to Brandon Herrera, a gun rights YouTuber, at 0:07:41.200 --> 0:07:45.240 forty nine point three percent. The number of global executions 0:07:45.280 --> 0:07:48.840 on death rows around the world are going up, However, 0:07:49.240 --> 0:07:53.160 according to a report from Amnesty International, number of countries 0:07:53.240 --> 0:07:58.040 carrying out the executions is going down. Researcher Justin Mozzola 0:07:58.080 --> 0:08:01.840 believes the push to abolish the death penalty must continue, 0:08:01.880 --> 0:08:04.320 even as many states in the US look for new 0:08:04.320 --> 0:08:06.720 methods to carry out executions. 0:08:06.400 --> 0:08:09.120 Now that it's been harder for folks to get for 0:08:09.200 --> 0:08:12.800 states to obtain lethal injection drugs, what we're seeing is 0:08:12.840 --> 0:08:15.480 more experimentation in terms of the drugs that they're using, 0:08:15.760 --> 0:08:19.920 which has been leading to more botched executions as well as, 0:08:20.000 --> 0:08:23.600 you know, trying new methods or reverting to archaic methods 0:08:23.600 --> 0:08:25.000 such as firing squads. 0:08:25.320 --> 0:08:29.680 Researcher Justin Mizzola with Amnesty International Global News twenty four 0:08:29.720 --> 0:08:32.120 hours a day and whenever you want it with Bloomberg 0:08:32.160 --> 0:08:35.600 News Now, I'm Michael Barr, and this is Bloomberg. Karen. 0:08:35.760 --> 0:08:42.280 All right, Michael, thank you, and it's time now for 0:08:42.320 --> 0:08:44.760 the Bloomberg Sports Update with John stash Hour. 0:08:44.840 --> 0:08:47.079 John, good morning, Good morning, Karl. The Rangers went to 0:08:47.160 --> 0:08:50.320 Game four at Florida coming off back to back overtime 0:08:50.360 --> 0:08:53.640 wins for their last five Stanley coupleoff victories had come 0:08:53.720 --> 0:08:57.199 in ot another game where sixty minutes not enough, but 0:08:57.280 --> 0:08:59.839 early and overtime Florida was on the power play. 0:09:00.240 --> 0:09:01.040 Hein harsh pak. 0:09:00.960 --> 0:09:04.760 Cousin, Hitia Ross montour at Chuck Fright sine line one 0:09:04.800 --> 0:09:10.400 tour down low martopot Right stars still the tablier in. 0:09:10.880 --> 0:09:15.920 Game four this series, he's tied sap right or. 0:09:16.040 --> 0:09:19.520 From right out in front qam the call. Panthers scoring 0:09:19.600 --> 0:09:22.920 just a minute thirteen in. Can't blame Igors since Turkett 0:09:22.920 --> 0:09:25.280 he made thirty seven Saints. Rangers got goals from Vincent 0:09:25.320 --> 0:09:28.160 Trocheck and Alexis La Frontier, but four games into the series, 0:09:28.200 --> 0:09:31.360 still no points for either Chris Krider or his linematee 0:09:31.440 --> 0:09:34.079 meekas advantage that has still no goals for our Temmi Paneren. 0:09:34.160 --> 0:09:37.040 Game five at the Garden tomorrow night. There's never been 0:09:37.080 --> 0:09:40.800 an NBA playoff with two conference finals sweeps, and there 0:09:40.880 --> 0:09:43.640 still has not been. Minnesota stayed alive a Game four 0:09:43.679 --> 0:09:45.480 winn in Dallas one o five to one hundred. The 0:09:45.520 --> 0:09:48.240 MAVs still leave the series three to one. Yankees at 0:09:48.240 --> 0:09:50.839 the Angels, who are twelve under five hundred and only 0:09:50.880 --> 0:09:53.640 won six home games all season. The Angels won four 0:09:53.679 --> 0:09:56.240 to three on a Taylor Ward two run double eighthenning 0:09:56.280 --> 0:09:59.120 off play homes Juan Soto a long first stenning homer 0:09:59.160 --> 0:10:01.840 for the Yanks. Anthony Bultpeaks ended his hitting streak to twenty. 0:10:02.320 --> 0:10:04.680 Dj Lemy, who back from injury, played for the first 0:10:04.720 --> 0:10:05.400 time this season. 0:10:05.800 --> 0:10:06.680 Long day for the Mets. 0:10:06.720 --> 0:10:09.360 Francisco Lindor two run homer third inning of the open 0:10:09.400 --> 0:10:11.400 of the double header, and the Mets were held scoreless 0:10:11.400 --> 0:10:14.720 for the next sixteen innings, lost to the Dodgers five 0:10:14.760 --> 0:10:16.439 to two and ten, and then three nothing in the 0:10:16.480 --> 0:10:18.520 nightcap of The Mets have now lost seven or last 0:10:18.520 --> 0:10:21.640 eight fourteen of their last eighteen red slots one eighty 0:10:21.640 --> 0:10:24.400 three at Baltimore, the National shutout in Atlanta two nothing. 0:10:24.480 --> 0:10:27.760 The Giants are won nothing tenanting win over the Phillies. 0:10:27.920 --> 0:10:30.640 Novak Djokovic has not won a tournament or even reached 0:10:30.640 --> 0:10:32.920 the final this year, but he has won twenty four 0:10:33.080 --> 0:10:36.400 career Grand Slams. Anyone who's opening round match at the front. 0:10:36.240 --> 0:10:37.520 Opened in straight sets? 0:10:37.720 --> 0:10:39.959 John stashedtw're Bloomberg Sports. Can it meath? 0:10:42.400 --> 0:10:46.520 Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:10:46.640 --> 0:10:49.520 and around the world on Bloomberg dot Com and the 0:10:49.559 --> 0:10:50.800 Bloomberg Business app. 0:10:51.040 --> 0:10:54.800 This is Bloomberg Daybreak. Good morning on Nathan hager Well. 0:10:54.840 --> 0:10:57.680 After more than six weeks if proceedings, a long day 0:10:57.720 --> 0:11:01.320 and night of closing arguments and a litany of complaints 0:11:01.360 --> 0:11:04.760 from Donald Trump, the first ever criminal trial of a 0:11:04.800 --> 0:11:07.959 former president is about to go to the jury. And 0:11:08.080 --> 0:11:11.000 joining us now for more on this is Greg Valley, HF, 0:11:11.080 --> 0:11:15.440 us policy strategist at AGF Investments. Greg, Good morning. We 0:11:15.480 --> 0:11:18.120 did see prosecutors spend all day and much of the 0:11:18.200 --> 0:11:20.720 night going through the evidence with the jury. Where do 0:11:20.760 --> 0:11:24.240 you see this thing going now that deliberations are about 0:11:24.240 --> 0:11:24.600 to begin? 0:11:25.520 --> 0:11:29.000 Yeah, good morning, Athan. I mean everyone has a forecast 0:11:29.000 --> 0:11:31.079 and I do too. Mine is that this is going 0:11:31.120 --> 0:11:35.280 to drag on for quite some time, with maybe a 0:11:35.360 --> 0:11:39.600 mature or two holding out and that maybe there'll be 0:11:39.640 --> 0:11:43.200 some guilty verdicts, maybe there'll be also some not guilty 0:11:43.280 --> 0:11:46.440 verdicts together, but I think we got a ways to 0:11:46.440 --> 0:11:47.800 go that. 0:11:47.920 --> 0:11:52.680 Could spell what something positive for the president. You would 0:11:52.720 --> 0:11:56.439 think if jury deliberations go on for quite some time, 0:11:56.559 --> 0:11:59.319 it raises the possibility of reasonable doubt, does it? 0:11:59.400 --> 0:11:59.920 Huh? 0:12:00.080 --> 0:12:02.480 Yeah? I think so. And I think it also would 0:12:02.480 --> 0:12:08.120 reinforce his really expert ability to play the martyr. I 0:12:08.160 --> 0:12:10.440 think he's going to continue to say that this is 0:12:10.679 --> 0:12:14.880 an uncare which hunt. I think that he runs the 0:12:14.960 --> 0:12:19.000 risks still of a violating the gag order. You know, 0:12:19.040 --> 0:12:21.800 if he violated that, Nathan and had to serve a 0:12:21.880 --> 0:12:24.959 day or two in jail. I have a hunch, being 0:12:25.000 --> 0:12:29.079 a contrarian, that Trump would love it. It boost his 0:12:29.120 --> 0:12:33.120 support among his base, It would be great publicity. It 0:12:33.160 --> 0:12:35.880 again would make him look like a martyr. So I 0:12:35.920 --> 0:12:39.280 don't rule out some often you know, outside the box 0:12:39.760 --> 0:12:44.120 moved by the judge to say you violated the gag order. 0:12:44.480 --> 0:12:48.240 Yeah, it does raise the question about what that would 0:12:48.320 --> 0:12:51.719 mean for the independent vote, to bring it into the 0:12:51.880 --> 0:12:56.400 crass realm of political impact of a case like this, 0:12:56.480 --> 0:12:58.920 when you have the you know, the serious nature of 0:12:59.280 --> 0:13:03.079 felony charge against a former president. But where do you 0:13:03.120 --> 0:13:06.840 see things going if we do see the former president 0:13:07.280 --> 0:13:11.840 behind bars for whatever reason, and you know, potentially heading 0:13:11.880 --> 0:13:17.200 into a November election with felony convictions on his record. 0:13:17.320 --> 0:13:21.600 We're in such unscharted waters and obviously unprecedented, so it's 0:13:21.640 --> 0:13:25.320 hard to make an accurate prediction. I would say that 0:13:25.679 --> 0:13:29.640 if he is found guilty, he'll appeal, and he's great 0:13:29.720 --> 0:13:33.360 at appealing, delaying, delaying, delaying, so I think he would 0:13:33.440 --> 0:13:37.079 appeal and an appeal would go well into twenty twenty five. 0:13:37.400 --> 0:13:40.720 Could he serve as president with an appeal? Yeah? I 0:13:40.760 --> 0:13:41.400 think he could. 0:13:41.880 --> 0:13:44.120 I wonder what you made as well of the Biden 0:13:44.240 --> 0:13:48.440 campaign taking advantage of the media spectacle around the case 0:13:48.520 --> 0:13:51.560 yesterday and bringing out Robert de Niro in January sixth 0:13:51.640 --> 0:13:55.760 first responders to put the focus on what the president 0:13:55.840 --> 0:13:58.960 has been running on well since twenty sixteen, the potential 0:13:59.320 --> 0:14:02.160 threat to demand that he sees from former President Trump. 0:14:02.400 --> 0:14:04.560 Yeah, it's an argument they can make, but I thought 0:14:04.679 --> 0:14:08.920 yesterday was a spectacle. I think they didn't exactly help 0:14:08.960 --> 0:14:14.040 themselves with Denira's comments. But this will go on I 0:14:14.040 --> 0:14:16.079 think there's also going to be a focus on what 0:14:16.120 --> 0:14:19.080 Trump said a couple of days ago that the judges 0:14:19.120 --> 0:14:22.360 are what he called them, a human scum. I mean, 0:14:22.440 --> 0:14:26.520 you make charges like that. I think Trump's biggest flaw 0:14:26.640 --> 0:14:30.360 right now is Donald Trump. I think that he is 0:14:30.400 --> 0:14:34.160 so he has no filter whatsoever, and I think that 0:14:34.200 --> 0:14:36.520 will continue. I think a lot of moderate voters are 0:14:36.520 --> 0:14:38.600 going to get tired after a while of a non 0:14:38.760 --> 0:14:42.720 stop Trump controversy. We're not there yet, but I think 0:14:42.760 --> 0:14:45.040 by the end of the summer people may say enough 0:14:45.080 --> 0:14:45.520 is enough. 0:14:45.720 --> 0:14:47.840 It's something to say to say that we're not there 0:14:47.920 --> 0:14:51.320 yet after all these weeks of testimony. But in the 0:14:51.360 --> 0:14:54.120 time that we have left, Greg, I want to get 0:14:54.160 --> 0:14:57.400 your thoughts on what we heard from the White House 0:14:57.520 --> 0:15:02.760 yesterday and the strike on the camp in Rafa. Not 0:15:03.080 --> 0:15:06.160 crossing the White House's red line. 0:15:05.840 --> 0:15:10.400 Yeah, I mean presidents in recent history have had problems 0:15:10.440 --> 0:15:13.880 with red lines. Barack Obama had a problem with crossing 0:15:13.920 --> 0:15:17.600 the line, and he looked bad. I do think that 0:15:17.920 --> 0:15:23.160 the US Israeli relationship will continue to deteriorate. I never 0:15:23.200 --> 0:15:26.040 thought I would see a US president and an Israeli 0:15:26.280 --> 0:15:29.320 Prime minister that are estranged and the two of them 0:15:29.360 --> 0:15:31.560 are virtually estranged right now. 0:15:31.920 --> 0:15:34.560 This kind of estrangement does it have a political impact 0:15:34.680 --> 0:15:37.080 on President Biden. We've got about thirty seconds left. 0:15:37.200 --> 0:15:39.400 Yeah, it doesn't help him everywhere you look, Nathan, this 0:15:39.840 --> 0:15:43.360 stuff that I think does not help Biden is lucky. 0:15:43.360 --> 0:15:46.360 He's only down by one or two or three points. 0:15:46.680 --> 0:15:50.760 But the momentum in the big battleground states is with Trump. 0:15:51.040 --> 0:15:54.080 This is Bloomberg Daybreak Today, your morning brief on the 0:15:54.120 --> 0:15:57.680 story's making news from Wall Street to Washington and beyond. 0:15:57.840 --> 0:16:01.080 Look for us on your podcast feed six am Eastern 0:16:01.200 --> 0:16:04.560 each morning, on Apple, Spotify, and anywhere else you get 0:16:04.600 --> 0:16:05.479 your podcasts. 0:16:05.680 --> 0:16:08.400 You can also listen live each morning starting at five 0:16:08.440 --> 0:16:11.080 am Wall Street time on Bloomberg eleven three to zero 0:16:11.080 --> 0:16:13.960 in New York, Bloomberg ninety nine to one in Washington, 0:16:14.040 --> 0:16:17.240 Bloomberg one oh sixty one in Boston, and Bloomberg ninety 0:16:17.280 --> 0:16:18.680 sixty in San Francisco. 0:16:19.040 --> 0:16:22.200 Our flagship New York station is also available on your 0:16:22.240 --> 0:16:27.320 Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty. 0:16:27.360 --> 0:16:31.160 Plus listen coast to coast on the Bloomberg Business app. SERIUSXM, 0:16:31.240 --> 0:16:35.520 the iHeartRadio app and on Bloomberg dot Com. I'm Nathan Hager. 0:16:35.280 --> 0:16:38.400 And I'm Karen Moscow. Join us again tomorrow morning for 0:16:38.560 --> 0:16:41.040 all the news you need to start your day right 0:16:41.080 --> 0:16:42.760 here on Bloomberg Daybreak