Healthcare CEO Murder Arrest; Israel Steps up Strikes in Syria

Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan 0:00:10.840 --> 0:00:13.800 Hager and I'm Karen Moscow. Here are the stories we're 0:00:13.840 --> 0:00:14.640 following today. 0:00:14.760 --> 0:00:17.159 Karen, we begin with an arrest in the murder of 0:00:17.239 --> 0:00:20.880 insurance executive Brian Thompson in New York, and we get 0:00:20.880 --> 0:00:24.040 the very latest now from Bloomberg's John Tucker, John and Nathan. 0:00:24.079 --> 0:00:27.680 The alleged killer is twenty six year old Luigi Mangioni. 0:00:28.120 --> 0:00:32.600 He was spotted by a customer in a McDonald's in Altoona, Pennsylvania. 0:00:32.760 --> 0:00:35.199 Authorities say in his backpack they found a three D 0:00:35.320 --> 0:00:39.000 printed pistol and a three D printed black silencer. They 0:00:39.040 --> 0:00:43.040 also found a three page manifesto. NYPD Chief of Detectives 0:00:43.120 --> 0:00:43.720 Joe Kenny. 0:00:44.120 --> 0:00:46.080 We don't think that there's any specific threats to other 0:00:46.120 --> 0:00:48.800 people mentioned in that document, but it does seem that 0:00:48.840 --> 0:00:52.159 he has some ill will toward corporate America. 0:00:52.240 --> 0:00:57.200 Mangioni attended in elite Baltimore Prep School, graduating as valedictorian 0:00:57.640 --> 0:01:01.040 in twenty sixteen. He went on to earn undergraduate and 0:01:01.160 --> 0:01:04.560 graduate degrees in computer science in twenty twenty from the 0:01:04.680 --> 0:01:08.520 University of Pennsylvania. His family owns a country club north 0:01:08.560 --> 0:01:11.600 of Baltimore. He worked as a data engineer at Truecar. 0:01:12.240 --> 0:01:14.720 A survey of his online presence also shows that he 0:01:14.760 --> 0:01:17.600 praised the manifesto of another Ivy League graduate known for 0:01:17.680 --> 0:01:21.040 violent as the Unibomber, and he's going to be extradited 0:01:21.080 --> 0:01:24.560 from Pennsylvania to New York to face murder chargers. Social 0:01:24.680 --> 0:01:28.520 media last night was full of praise for Mangioni, with 0:01:28.680 --> 0:01:32.640 Luigi the top trending topic on X and Free Him 0:01:33.000 --> 0:01:35.200 coming in at number seven in New York. Ime John 0:01:35.240 --> 0:01:36.360 Tucker Bloomberg. 0:01:36.040 --> 0:01:39.280 Radio, All right, John, thank you well. Turning overseas, Israel 0:01:39.319 --> 0:01:42.319 has stepped up its attacks on military science in Syria, 0:01:42.400 --> 0:01:46.360 striking hundreds of targets across the country. According to multiple reports, 0:01:46.400 --> 0:01:49.560 this strikes targeted army bases, airports, and service to air 0:01:49.560 --> 0:01:54.240 missile systems. Bloomberg's Stewart Livingstone Wallace says Israel is wary 0:01:54.280 --> 0:01:57.840 of the opposition groups that brought down Bashiral Assad's government. 0:01:58.200 --> 0:02:01.080 This seems to be primarily to be by their concerns 0:02:01.280 --> 0:02:04.600 about where all this weaponry ends up. And we are 0:02:04.640 --> 0:02:09.560 talking about really really serious amounts of munitions, and that 0:02:09.760 --> 0:02:12.840 also includes weapons of mass destruction. So chemical supplies and 0:02:13.240 --> 0:02:14.720 stock pars and that sort of thing. And we know 0:02:14.800 --> 0:02:20.040 Asad was using chemical warfare probably as recently as twenty eighteen, 0:02:20.960 --> 0:02:22.239 so it's definitely a real thing. 0:02:23.120 --> 0:02:26.360 And Bloomberg Stewart Livingstone Wallace says the Israeli attacks have 0:02:26.440 --> 0:02:30.040 drawn criticism from Arab countries, including Egypt and Saudi Arabia, 0:02:30.080 --> 0:02:33.919 which accuses Israel of seeking to occupy more Syrian territory 0:02:34.200 --> 0:02:37.040 and sabotage the country's security and stability. 0:02:37.240 --> 0:02:40.799 I Meanwhile, Karen Israeli Prime Minister Benjamin Natan Yahoo is 0:02:40.880 --> 0:02:45.240 in court today testifying against charges of bribery, fraud, and 0:02:45.320 --> 0:02:49.119 breach of trust in three separate cases. Nasan Yahoo has 0:02:49.200 --> 0:02:52.920 repeatedly requested to delay his testimony because of the conflicts 0:02:53.000 --> 0:02:56.360 rolling the Middle East, but those requests were mostly denied 0:02:56.480 --> 0:02:57.160 by the courts. 0:02:57.680 --> 0:03:01.160 Now Nathan the politics in the US, Donald Trump's defense 0:03:01.200 --> 0:03:04.120 nominee Pete Haig Seth So, the President elect has told 0:03:04.160 --> 0:03:07.359 him to keep fighting for a Senate confirmation. The former 0:03:07.400 --> 0:03:10.560 a Fox News host, appeared on Fox's Sean Hannity last 0:03:10.639 --> 0:03:14.760 night after meeting with a key Senate Republican, Jony Ernst Doe. 0:03:14.800 --> 0:03:17.040 The leftist try to turn this into a trial in 0:03:17.080 --> 0:03:20.200 the media show trial, and we're not going to let 0:03:20.200 --> 0:03:22.320 that happen. I'm going to walk into the door of 0:03:22.400 --> 0:03:26.320 every one of these senators with just as an open book, 0:03:26.480 --> 0:03:29.280 willing to answer their questions because they deserve answers. 0:03:29.639 --> 0:03:32.440 Pete haig Seth has been looking at bolster his Senate 0:03:32.480 --> 0:03:37.440 support amid allegations of sexual misconduct, alcohol abuse, and workplace mismanagement. 0:03:37.760 --> 0:03:40.560 After their meeting yesterday, Senator Arn said she'll support haig 0:03:40.640 --> 0:03:43.360 Seth through this process and looks forward to a fair 0:03:43.440 --> 0:03:47.480 confirmation hearing. And another development, President elect Trump has endorsed 0:03:47.560 --> 0:03:51.280 Casey Crosby as co chair of the Republican National Committee. 0:03:51.400 --> 0:03:54.720 She would succeed Trump's daughter in law, Lara, who's appeared 0:03:54.840 --> 0:03:58.560 open to succeeding Marco Rubio in the Senate. Florida Governor 0:03:58.640 --> 0:04:01.320 Ron De Santis would have to confirm that appointment. 0:04:01.680 --> 0:04:04.160 Training the markets now, Karen futures are moving just a 0:04:04.160 --> 0:04:07.240 bit lower after yesterday's declines. On Wall Street, the S 0:04:07.280 --> 0:04:10.200 and P five hundred dropped from a nearly overbought technical level. 0:04:10.360 --> 0:04:13.800 Callie Cox is chief market strategist at rid Holt's Wealth Management. 0:04:13.920 --> 0:04:16.680 When people talk about valuations in the SMP. Typically they're 0:04:16.680 --> 0:04:19.520 talking about big tech valuations and you have to sort 0:04:19.560 --> 0:04:21.000 out by sector and sector. 0:04:20.680 --> 0:04:21.920 To really find the value. 0:04:22.279 --> 0:04:24.560 We really like great sensitive sectors here. I think real 0:04:24.640 --> 0:04:27.880 estate is interesting, you know, I think consumer discretionary could 0:04:27.920 --> 0:04:31.400 be interesting, especially if the economy holds up through twenty 0:04:31.440 --> 0:04:34.719 twenty five. Financials you know, of course, have been really 0:04:34.720 --> 0:04:36.839 strong in the back half of the year. You know, 0:04:36.880 --> 0:04:39.400 that could also be interesting, especially if the economy surprises 0:04:39.440 --> 0:04:40.200 to the upside. 0:04:40.279 --> 0:04:42.760 Callie Cox with rid Hoolt's Wealth Management says the next 0:04:42.839 --> 0:04:45.720 key event for markets is tomorrow when we get the 0:04:45.760 --> 0:04:47.000 consumer price index. 0:04:47.440 --> 0:04:50.200 Well. Checking some stocks on the move this morning, Nathan 0:04:50.240 --> 0:04:52.560 Shares of oracle Or down eight and a half percent. 0:04:52.640 --> 0:04:55.839 The company did report quarterly revenue in line with estimates, 0:04:55.839 --> 0:04:58.839 but that's disappointing investors who have boosted the stock to 0:04:58.880 --> 0:05:01.719 our record high in recent weeks on enthusiasm for the 0:05:01.760 --> 0:05:04.080 company's as send in cloud business. 0:05:04.640 --> 0:05:08.440 Boeing has reportedly restarted production of its Workhorse seven thirty 0:05:08.440 --> 0:05:12.359 seven Max model. Karen Reuter's is reporting production resumed last Friday. 0:05:12.680 --> 0:05:15.919 The move follows a month after a strike by thirty 0:05:15.960 --> 0:05:19.680 three thousand factory workers at Boeing that shuttered the planemaker's 0:05:19.680 --> 0:05:21.560 commercial manufacturing well. 0:05:21.600 --> 0:05:25.000 Shares of Hershey rose almost eleven percent to start the week, Nathan. 0:05:25.040 --> 0:05:28.039 The surge comes after Bloomberg News report in Manda Lee's 0:05:28.120 --> 0:05:31.839 is considering buying the chocolate maker for fifty billion dollars. 0:05:32.120 --> 0:05:35.680 Bloomberg's Crystal Ce broke the story and says any deal 0:05:35.720 --> 0:05:37.520 would face a regulatory scrutiny. 0:05:37.839 --> 0:05:40.760 This is a deal that would in a normal circumstance 0:05:40.839 --> 0:05:45.360 attract antitrust reviews. So I don't think we're there yet, 0:05:45.480 --> 0:05:48.520 like we said, as a preliminary approach. Also, the other 0:05:48.600 --> 0:05:51.440 thing up to that is unique to the situation is 0:05:51.440 --> 0:05:54.560 that the deal is subject to approval of the Attorney 0:05:54.600 --> 0:05:58.120 General in Pennsylvania because of the trust structure, So there 0:05:58.160 --> 0:06:00.479 are a lot of regulatory hurdle on top of the 0:06:00.520 --> 0:06:01.200 market hurdle. 0:06:01.520 --> 0:06:05.120 Bloomberg's Crystal See says this is the second time Mondaleze 0:06:05.200 --> 0:06:08.520 has looked at acquiring Hershey. In twenty sixteen, it broke 0:06:08.600 --> 0:06:11.200 off talks after its twenty three billion dollars bid was 0:06:11.240 --> 0:06:12.960 rejected by the chocolate maker. 0:06:13.240 --> 0:06:15.960 Finally, Karen Let's turn to Europe, now where more than 0:06:16.000 --> 0:06:19.719 six hundred senior women in finance are attending Bloomberg's inaugural 0:06:20.000 --> 0:06:23.240 Women Money and Power event in London. The representation of 0:06:23.279 --> 0:06:26.120 women on boards has almost tripled since twenty ten, and 0:06:26.160 --> 0:06:29.799 the most gender diverse companies are delivering higher shareholder returns. 0:06:29.960 --> 0:06:33.480 Exclusive analysis by Bloomberg Intelligence shows and developed markets, the 0:06:33.480 --> 0:06:36.720 top twenty percent of companies for a female board membership 0:06:36.960 --> 0:06:40.000 returned to two to five percent, more than the bottom twenty. 0:06:40.320 --> 0:06:43.360 CEO and founder of WB Directors, Fiona Haythorne has told 0:06:43.360 --> 0:06:46.359 Bloomberg Radio more sectors are beginning to look for ways 0:06:46.400 --> 0:06:48.719 to get women into leadership roles. 0:06:48.560 --> 0:06:52.120 Tech and also private equity. If you think of the 0:06:52.160 --> 0:06:55.919 foots one hundred and particularly financial services, they've had the 0:06:56.040 --> 0:06:58.839 lens of the regulator on them saying, you know, you 0:06:58.960 --> 0:07:01.400 need to do something about the diversity of your teams. 0:07:02.040 --> 0:07:05.120 P hasn't had the same lens, but they're coming to 0:07:05.200 --> 0:07:07.120 us and saying, actually, now, what can we do for 0:07:07.160 --> 0:07:10.560 our sixty investing companies. What sort of training should we 0:07:10.680 --> 0:07:14.120 do because that industry is very maldominated. 0:07:14.320 --> 0:07:17.440 And that was Fiona Haythorn, CEO and founder of WB Directors, 0:07:17.480 --> 0:07:20.240 an organization that works to increase diversity in executive and 0:07:20.320 --> 0:07:21.600 non executive leadership. 0:07:24.960 --> 0:07:26.520 And it is time now for a look at some 0:07:26.520 --> 0:07:28.560 of the other stories making news in New York and 0:07:28.600 --> 0:07:30.840 around the world. And for that we're joined by Bloomberg's 0:07:30.880 --> 0:07:31.520 Michael Barr. 0:07:31.600 --> 0:07:35.240 Michael, Good Morning, Good Morning, Karen. Reaction continues after a 0:07:35.320 --> 0:07:38.200 marine veteran who put an agitated subway writer in a 0:07:38.280 --> 0:07:41.600 chokehold on a New York subway has been acquitted in 0:07:41.640 --> 0:07:44.520 the man's death, a man that and jury cleared twenty 0:07:44.560 --> 0:07:48.440 six year old Daniel Penny of a criminally negligent homicide charge. 0:07:48.720 --> 0:07:52.160 That verdie came after a more serious manslaughter charge was 0:07:52.160 --> 0:07:56.400 dismissed because the jury deadlocked on that count. The case 0:07:56.440 --> 0:08:00.240 arose from Jordan Neely's May twenty twenty three death came 0:08:00.240 --> 0:08:04.040 a prism for differing views about public safety. Penny gripped 0:08:04.080 --> 0:08:07.320 Neelie around the neck for about six minutes. Penny's defense 0:08:07.480 --> 0:08:11.600 said he was protecting fellow subway passengers. Thomas Kenneth, a 0:08:11.640 --> 0:08:14.600 lawyer for Penny, spoke in the Manhattan Pub after the verdict. 0:08:14.920 --> 0:08:15.640 We think that this. 0:08:16.800 --> 0:08:20.119 Should happen, probably on day one, but the point things 0:08:20.160 --> 0:08:21.080 it happened. 0:08:21.160 --> 0:08:25.520 The verdict enraged Neely's father, Andre Zachary. I missed my son. 0:08:26.360 --> 0:08:28.000 My son didn't have to go through this sea. 0:08:28.800 --> 0:08:32.920 I didn't have to go through the seatom it. 0:08:32.880 --> 0:08:37.680 Hurts passengers, had said. Neely, whose family says he struggled 0:08:37.679 --> 0:08:41.760 with homelessness and mental illness, was acting erratically and shouting 0:08:41.840 --> 0:08:44.320 before he was put in a choke hold by Penny 0:08:44.920 --> 0:08:49.040 Music mogul jay Z fired back against accusations that he 0:08:49.120 --> 0:08:51.600 took part in the sexual assault of a thirteen year 0:08:51.600 --> 0:08:55.880 old girl at a two thousand VMA after party. Jay 0:08:55.960 --> 0:08:59.360 Z or Sean Carter, filed emotion yesterday to deny the 0:08:59.400 --> 0:09:04.080 plaintiff's quest to remain anonymous, calling for either her identity 0:09:04.160 --> 0:09:07.800 to be disclosed or the civil suit to be dismissed. 0:09:08.240 --> 0:09:12.480 The case is tied to embattled rapper Sean Dittycomb's United 0:09:12.559 --> 0:09:18.880 Nations Secretary General Antonio Guterris condemned deadly gang violence in Haiti. 0:09:19.360 --> 0:09:23.080 UN spokesperson Stefan Dujarik says more than one hundred eighty 0:09:23.080 --> 0:09:25.320 people were killed in port A, Prince over the weekend. 0:09:25.600 --> 0:09:28.559 The Secretary General calls on the Haitian authorities to conduct 0:09:28.559 --> 0:09:32.560 a thorough investigation and ensure that perpetrators to these and 0:09:32.640 --> 0:09:36.439 all other human rights abuses and violations are brought to justice. 0:09:36.720 --> 0:09:41.199 The UNS Dujarik says Guteris reiterated his call for financial 0:09:41.520 --> 0:09:45.240 and logistical support to help the Haitian National Police Department 0:09:45.600 --> 0:09:49.640 to address gang violence. Brazilian President Louis Ignatio Lula de 0:09:49.760 --> 0:09:53.640 Silva is an intensive care at San Paulo Hospital after 0:09:53.760 --> 0:09:58.360 undergoing emergency surgery. The hospital said Lula felt headaches late 0:09:58.400 --> 0:10:03.679 Monday evening and a brain's and showed intracranial hemorrhage resulting 0:10:03.720 --> 0:10:07.520 from the accident he suffered at home in October. Finally, today, 0:10:07.600 --> 0:10:11.240 the Supreme Court here's arguments over a proposed railroad that 0:10:11.280 --> 0:10:16.000 would transport millions more gallons of oil along the Colorado River, 0:10:16.080 --> 0:10:20.800 with opponents arguing the federal government did not properly assess 0:10:20.920 --> 0:10:24.520 environmental risks. The Supreme Court is hearing the classic case 0:10:24.559 --> 0:10:29.240 where commercial interests run against the public interest in environmental protection. 0:10:29.800 --> 0:10:32.400 Global news twenty four hours a day and whenever you 0:10:32.440 --> 0:10:34.960 want it with Bloomberg News. Now. I'm Michael Barr, and 0:10:35.000 --> 0:10:36.160 this is Bloomberg Heron. 0:10:36.360 --> 0:10:43.000 All right, Michael Barr, thank you time now for the 0:10:43.000 --> 0:10:46.320 Bloomberg Sports Update brought to you by Trying State County. 0:10:46.400 --> 0:10:48.400 Here's John Stashauer, Juhnken Morning. 0:10:48.480 --> 0:10:50.520 Good Morning cares about a year ago the nixt maade 0:10:50.559 --> 0:10:53.480 that big trade with the Raptors. Nick certainly pleased with 0:10:53.520 --> 0:10:55.360 what they've gotten from og On and Obi. 0:10:55.440 --> 0:10:55.600 RJ. 0:10:55.720 --> 0:10:58.480 Barrett's played well in his native Toronto. Two teams met 0:10:58.600 --> 0:11:00.480 north of the border, and with twenty eighth as left, 0:11:00.480 --> 0:11:02.720 the Knicks led by two and an Ananobi, who's known 0:11:02.720 --> 0:11:06.520 for his defense, blocked. Barrett shot and the Knicks one one, thirteen, 0:11:06.600 --> 0:11:09.320 one O eight, Karl Anthony, Towns, mckel Bridges, Jalen Brunton 0:11:09.360 --> 0:11:12.400 all scored twenty or more. Barrett in defeats, scored thirty 0:11:12.400 --> 0:11:14.559 at the guard and the Rangers lost to the NHL's 0:11:14.559 --> 0:11:17.920 worst team. Chicago came in having won only eight games, 0:11:17.960 --> 0:11:21.000 recently fired their coach Blacklowks won two to one. It's 0:11:21.040 --> 0:11:23.240 the rangers eighth loss in the last ten Mother Night 0:11:23.240 --> 0:11:26.560 football In Dallas, Bengals and Cowboys were tied when with 0:11:26.679 --> 0:11:29.839 just over two minutes left, Dallas blocked a Cincinnati punt, 0:11:29.840 --> 0:11:33.240 but tried to recover and return it instead fumbled it, 0:11:33.320 --> 0:11:37.120 so Cincinnati kept possession and struck Leeate went in town 0:11:37.200 --> 0:11:42.480 and left Borrow sideline Chase Span Here he goes Jamart, 0:11:42.600 --> 0:11:47.199 Chase chat Is Mutch Tom Bengals ESPN. The call was 0:11:47.240 --> 0:11:49.800 Joe Burrow's third TD pass, who went to Chase, who 0:11:49.840 --> 0:11:51.880 had one hundred and seventy seven yards. The Bengals won 0:11:51.920 --> 0:11:54.320 twenty seven to twenty. Both teams are five and eight. 0:11:54.640 --> 0:11:58.120 Dallas won in six at home, beating only the Giants. 0:11:58.120 --> 0:12:01.199 The Baseball Winner meetings underway in Dallas. But whatever takes 0:12:01.200 --> 0:12:04.480 place this week won't top the news of Juan Soda 0:12:04.640 --> 0:12:07.880 leaving the Yankees joining the Mets. Yankees gentlemen jer Brian 0:12:08.000 --> 0:12:10.080 Cashman was on the Yes Network. 0:12:10.400 --> 0:12:11.960 Yeah, they left it all on the table, and then 0:12:12.040 --> 0:12:14.480 ultimately a player has to make a decision based on, 0:12:15.280 --> 0:12:18.480 you know, reasoning that he'll ultimately share. I'm sure everybody's 0:12:18.480 --> 0:12:21.640 gonna want to know, like what led him to go 0:12:21.720 --> 0:12:24.800 that direction versus our direction, versus some other direction? 0:12:24.880 --> 0:12:25.080 You know? 0:12:25.559 --> 0:12:29.000 But here in that right, and congrats to him, his 0:12:29.080 --> 0:12:30.040 family and the Mets. 0:12:30.120 --> 0:12:32.000 And since the Soto news, the odds on the Mets 0:12:32.000 --> 0:12:34.520 winning the World Series improved from plus twelve hundred to 0:12:34.559 --> 0:12:36.720 plus seven hundred. Soto and the Mets will make their 0:12:36.760 --> 0:12:40.080 one twenty twenty five visit a Yankee Stadium a weekend 0:12:40.200 --> 0:12:43.600 series in mid May. John stash that were Bloomberg Sports, 0:12:43.720 --> 0:12:44.560 Karen and Ethan. 0:12:46.600 --> 0:12:50.720 Coast to coast on Bloomberg Radio nationwide on Sirius XM, 0:12:50.800 --> 0:12:53.680 and around the world on Bloomberg dot Com and the 0:12:53.760 --> 0:12:54.960 Bloomberg Business app. 0:12:55.200 --> 0:12:58.760 This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. A 0:12:58.880 --> 0:13:01.680 suspect is now in custody in the murder of United 0:13:01.720 --> 0:13:05.319 Healthcare CEO Brian Thompson. Twenty six year old Luigi Mangioni 0:13:05.840 --> 0:13:08.480 was tracked down in a Tuna, Pennsylvania, after a five 0:13:08.600 --> 0:13:11.400 day manhunt that exposed a lot of anger against the 0:13:11.400 --> 0:13:15.559 health insurance industry. Here's Pennsylvania Governor Josh Shapiro in some 0:13:15.679 --> 0:13:16.440 dark corners. 0:13:17.240 --> 0:13:20.040 This killer is being hailed as a hero. 0:13:21.000 --> 0:13:23.920 Hear me on this. He is no hero. 0:13:24.679 --> 0:13:28.480 Governor Josh Shapiro spoke at a news conference following Mangioni's arrest. 0:13:28.559 --> 0:13:32.319 This morning, We're joined by Bloomberg's Miles Miller. Miles, good morning. 0:13:32.360 --> 0:13:35.520 What more have we learned about this alleged killer? Luigi Mangioni. 0:13:36.440 --> 0:13:39.440 Yeah, so we know that the Luigi Mangoni is a 0:13:39.640 --> 0:13:42.600 U penn graduate. We know that he comes from a 0:13:42.600 --> 0:13:46.680 wealthy family in Baltimore, and it appears over the last 0:13:47.080 --> 0:13:53.040 six to twelve months he has been engaged in basically 0:13:53.840 --> 0:13:58.559 writings online about sort of being detached from capitalism and 0:13:59.080 --> 0:14:02.200 really critical of the healthcare system and systems like it, 0:14:02.240 --> 0:14:05.640 and so you know that being the motive for this. 0:14:06.840 --> 0:14:10.040 He appeared in court last night at a preliminary arrangement 0:14:10.080 --> 0:14:12.200 and that was just on a charge of forgery and 0:14:12.240 --> 0:14:14.720 carrying a gun without a license. He was of course 0:14:14.800 --> 0:14:20.160 caught in Altoona, Pennsylvania, at a McDonald's after someone in 0:14:20.280 --> 0:14:22.960 McDonald's recognized him from those photos that were shared by 0:14:23.000 --> 0:14:29.080 the FBI and the NYPD. He will be in a 0:14:29.240 --> 0:14:33.200 jail in that area for some time until he's extradited 0:14:33.280 --> 0:14:33.800 to New York. 0:14:34.160 --> 0:14:38.200 And talking about that McDonald's in Altoona, there's been a 0:14:38.240 --> 0:14:44.480 lot of online throttling against that franchise after Mangioni was 0:14:44.560 --> 0:14:49.040 caught there. This really seems to have sparked something on 0:14:49.120 --> 0:14:49.840 social media. 0:14:49.880 --> 0:14:53.320 Miles. Yeah, you know, the really strange thing is that 0:14:53.400 --> 0:14:58.560 this is a guy who is anti capitalism, and he's 0:14:58.560 --> 0:15:00.960 caught in McDonald's and and this is a guy who's 0:15:01.000 --> 0:15:03.720 anti capitalism. But you know, the first pictures we got 0:15:03.720 --> 0:15:05.960 of him were from a Starbucks, right, two of the 0:15:06.320 --> 0:15:10.320 biggest companies definitely by a market cap. You know, we 0:15:10.600 --> 0:15:13.800 have seen some of what he's written in as manifesto, 0:15:14.080 --> 0:15:20.520 and it is clearly against capitalism. And he specifically calls 0:15:20.560 --> 0:15:24.680 out United Healthcare and so you know, there have been 0:15:24.720 --> 0:15:29.320 people online who you know, have been talking about issues 0:15:29.360 --> 0:15:34.560 with the healthcare system. But certainly no one can be 0:15:34.640 --> 0:15:40.840 supportive of violence against a company's CEO based off of 0:15:41.640 --> 0:15:43.680 issues that they had with the healthcare system. And you 0:15:43.720 --> 0:15:45.720 heard that from Josh Shapiro that this is not the 0:15:45.720 --> 0:15:47.400 way we deal with things in this country. 0:15:48.160 --> 0:15:51.480 So the suspect, Manngioni, as you said, is going to 0:15:51.520 --> 0:15:55.080 be held in Pennsylvania for several days, walk us through 0:15:55.320 --> 0:15:57.720 the extradition process back to New York. 0:15:57.760 --> 0:16:00.880 How's this going to work? Yeah, So there are two 0:16:00.920 --> 0:16:04.360 ways that extradition happens. The first way is that the 0:16:04.480 --> 0:16:08.200 suspect can waive extradition. If he waves extradiction, he could 0:16:08.200 --> 0:16:11.160 be back in New York in a few short days. 0:16:11.560 --> 0:16:14.640 Now if he fights extradition, it'll take about thirty to 0:16:14.640 --> 0:16:18.160 forty five days to get him here. Usually that process 0:16:18.200 --> 0:16:21.600 happens with a judge. You know, Jos Shapiro was at 0:16:21.640 --> 0:16:25.000 the Pennsylvania governor was at that press conference. Usually they 0:16:25.080 --> 0:16:28.720 do what's called the governor's warrant and the two governors, 0:16:28.800 --> 0:16:32.520 Kathy Holkal and Jos Shapiro, will talk, they'll send some paperwork, 0:16:32.560 --> 0:16:35.880 and he'll be forced to come here. We haven't gotten 0:16:35.880 --> 0:16:39.560 any indication anyway or the other, but yeah, if he 0:16:39.600 --> 0:16:42.120 contests that, it'll take more than a month to file 0:16:42.280 --> 0:16:44.120 just to file the paperwork to get him to New York. 0:16:44.440 --> 0:16:46.760 So in our last thirty seconds, are we expecting much 0:16:46.800 --> 0:16:49.080 to happen over the next several hours? 0:16:49.080 --> 0:16:52.400 In this case, I think we'll expect the NYPD to 0:16:52.480 --> 0:16:55.920 start getting more details about his background. You know, we 0:16:56.040 --> 0:16:59.200 learned that he left that bus terminal in New York, 0:16:59.520 --> 0:17:03.320 went to pens to Pennsylvania, first Aphilia, then to Pittsburgh, 0:17:03.520 --> 0:17:06.000 and so we'll find that what happened along the way, 0:17:06.080 --> 0:17:08.719 did he stop anywhere, who did he interact with, what 0:17:08.760 --> 0:17:12.960 did he do? They'll search his home in Baltimore, where 0:17:12.960 --> 0:17:15.120 he had lived with his parents, at one point, they'll 0:17:15.119 --> 0:17:18.960 search his home in Hawaii. They'll talk with friends all 0:17:19.000 --> 0:17:20.879 of it to sort of get in his mind and see, 0:17:20.920 --> 0:17:22.399 you know what led him to do this. 0:17:22.840 --> 0:17:24.920 Thanks for the smiles. Great having you with us this morning. 0:17:24.920 --> 0:17:28.200 Miles Miller of Bloomberg News the latest on the apprehension 0:17:28.200 --> 0:17:31.840 of the suspect in United Healthcare CEO Brian Thompson's killing 0:17:31.880 --> 0:17:33.280 in Mintown, Manhattan last week. 0:17:33.480 --> 0:17:36.800 Karen Nathan, we want to bring you now to London 0:17:36.880 --> 0:17:40.320 for Bloomberg's inaugur El Women, Money and Power event. We're 0:17:40.320 --> 0:17:44.400 speaking to influential female voices and global finance and technology 0:17:44.560 --> 0:17:49.040 who are navigating change and disruption across various industries. This morning, 0:17:49.119 --> 0:17:52.680 Bloomberg's Francy and Lockwaw sat down with Franklin Templeton president 0:17:52.680 --> 0:17:57.399 and CEO Jenny Johnson. They started their conversation discussing private credit. 0:17:58.040 --> 0:17:58.880 Let's listen in. 0:17:59.400 --> 0:18:01.679 Thanks really want to preserve their capital for their biggest 0:18:01.720 --> 0:18:05.000 and best clients, and so it created this opportunity for 0:18:05.040 --> 0:18:08.880 private credit to step in. I think that honestly, low 0:18:08.920 --> 0:18:11.120 interest rates were probably one of the things that fueled 0:18:11.280 --> 0:18:15.119 private equity, but also a bit of the environment where 0:18:15.280 --> 0:18:17.320 I think less and less people want less and less 0:18:17.320 --> 0:18:20.320 companies want to go public. And I don't think that 0:18:20.359 --> 0:18:22.639 trend changes. I don't think. I don't think there's a 0:18:22.680 --> 0:18:24.119 lot of people going, boy, I'd really like to be 0:18:24.160 --> 0:18:27.199 a public company CEO these days. And I think in 0:18:27.240 --> 0:18:32.159 a time where you have all these great technological advances 0:18:32.240 --> 0:18:35.960 like AI, where companies need to invest in the technology 0:18:35.960 --> 0:18:39.080 that may not pay off for years, it's really hard 0:18:39.119 --> 0:18:41.720 with the pressure of courtingly earnings, and so in some 0:18:41.800 --> 0:18:45.680 cases transforming a company ends up being better in the 0:18:45.720 --> 0:18:48.399 structure of private equity. So I think like that trend 0:18:49.080 --> 0:18:52.280 is here. I think I'm a big fan of blockchain. 0:18:52.600 --> 0:18:55.400 I think that's going to open up new investment opportunities 0:18:55.440 --> 0:18:58.760 and kind of interesting things. I always say that eventually 0:18:58.760 --> 0:19:02.679 your financial advisors to report your portfolio in three ways. 0:19:03.040 --> 0:19:05.479 They're going to say, here's your investment return, here's the 0:19:05.520 --> 0:19:08.480 impact you have, and by the way, here the loyalty 0:19:08.520 --> 0:19:12.679 programs that you've gotten from your tokenized equity ownership that 0:19:12.760 --> 0:19:15.800 have now tied loyalty programs to it. So that's where 0:19:15.840 --> 0:19:17.440 I think things ultimately evolve. 0:19:17.640 --> 0:19:20.840 So on blockchain and bitcoin, does that change significantly under 0:19:21.240 --> 0:19:22.719 a trumpe administration. 0:19:22.359 --> 0:19:23.240 Oh for sure. 0:19:23.320 --> 0:19:27.679 And again I always make sure you separate bitcoin from blockchain. 0:19:27.800 --> 0:19:29.480 Okay, bitcoin different deal. 0:19:30.720 --> 0:19:33.639 And you know, I was a skeptic of it initially, 0:19:33.720 --> 0:19:37.760 but a couple things people said to me. One somebody 0:19:37.800 --> 0:19:40.439 who lived in Israel said, my parents and grandparents had 0:19:40.440 --> 0:19:43.080 their money taken away by the government. They will always 0:19:43.160 --> 0:19:47.200 keep a portion of their savings in bitcoin. And then 0:19:47.200 --> 0:19:50.320 I had actually an employee who lived in the Middle 0:19:50.359 --> 0:19:51.840 East and said, if I say the wrong thing, I 0:19:51.880 --> 0:19:54.840 can have my accounts frozen. So I always keep a 0:19:54.880 --> 0:19:59.159 percentage of my earnings in bitcoin. And obviously in the 0:19:59.240 --> 0:20:01.880 kind of key they can keep it protected. So if 0:20:01.920 --> 0:20:05.000 you grow up in a society where you feel your 0:20:05.040 --> 0:20:07.800 money safe, you think that doesn't make any sense and 0:20:08.000 --> 0:20:10.480 why should this external currency come in. But if you 0:20:10.520 --> 0:20:12.080 actually think that there's a lot of the world that 0:20:12.119 --> 0:20:15.000 would like that safety and control, you can see where 0:20:15.040 --> 0:20:16.440 bitcoin has a lot opportunity. 0:20:16.560 --> 0:20:17.480 And then blockchanges. 0:20:17.760 --> 0:20:19.879 Again, it's a technology, it's a technology. It's going to 0:20:19.920 --> 0:20:22.719 do a lot of really good things. In financial services. 0:20:23.080 --> 0:20:25.720 A lot of toll takers take a piece of a 0:20:25.760 --> 0:20:28.480 transaction that can eliminate it, and so it's going to 0:20:28.480 --> 0:20:31.280 create more efficiencies, it's going to open up investment opportunities. 0:20:31.840 --> 0:20:33.520 Jenny, Do you think that there'll be a catalyst for 0:20:33.600 --> 0:20:35.560 companies to want to go public again or is it 0:20:35.640 --> 0:20:37.359 just private all the way? Is this, you know, the 0:20:37.520 --> 0:20:39.159 trend for the next five ten years. 0:20:39.480 --> 0:20:42.040 So I actually think it used to be you go venture, 0:20:42.200 --> 0:20:46.639 private equity, IPO, public markets. I actually think so. I 0:20:46.640 --> 0:20:48.600 think that stays, and we see it where people are 0:20:48.600 --> 0:20:50.280 just waiting a lot longer going to go public. But 0:20:50.320 --> 0:20:53.159 at some point people want that liquidity and monetize it, 0:20:53.200 --> 0:20:56.480 and the private markets aren't yet that liquid There's some amount, 0:20:56.680 --> 0:20:58.600 But I actually think what you're starting to see is 0:20:58.720 --> 0:21:03.280 public companies being taken private because we invest in a 0:21:03.280 --> 0:21:08.440 company investment and they have three trillion dollars in assets 0:21:08.480 --> 0:21:12.400 by financial advisor platform, right, they need to invest in it. 0:21:12.400 --> 0:21:15.160 It is hard as a public company to make those 0:21:15.200 --> 0:21:17.119 kind of investments and say to the street, hey, by 0:21:17.119 --> 0:21:18.560 the way, this is going to impact earnings for the 0:21:18.640 --> 0:21:22.439 next eighteen months. So they become private, right, And so 0:21:22.480 --> 0:21:25.240 they were taken private by bank capital and then they'll 0:21:25.240 --> 0:21:27.080 go public, I think again, So I think there's going 0:21:27.160 --> 0:21:29.879 to be this new cycle of pulling people off doing 0:21:29.920 --> 0:21:32.680 the investment that needs to happen, whether it's AI investments 0:21:32.720 --> 0:21:34.480 or whatever, and then going public again. 0:21:34.560 --> 0:21:36.879 But do you have a concern on valuations in private markets? 0:21:36.920 --> 0:21:38.679 I mean this comes over and over again, but we 0:21:38.720 --> 0:21:41.400 haven't really seen anything. Maybe real estate wan a bit ugly, 0:21:41.440 --> 0:21:42.439 but there's nothing huge. 0:21:42.560 --> 0:21:44.720 Yeah, I mean I actually one of the concerns, you know, 0:21:45.119 --> 0:21:48.399 investment grade and even some non investment grade of private 0:21:48.400 --> 0:21:52.119 credit is trading at the same spreads as traditional fixed income, 0:21:52.240 --> 0:21:56.280 Like you get no premium for I liquidity. That worries me, 0:21:56.400 --> 0:21:59.200 that kind of thing I think. I mean, fixed income 0:21:59.200 --> 0:22:03.119 markets are price for perfection at the moment, so you know, 0:22:03.160 --> 0:22:06.359 you always have to pick your spots. There's we have 0:22:06.440 --> 0:22:10.240 a huge secondaries business. I think that they've deployed this 0:22:10.359 --> 0:22:13.320 current fund with about twenty six percent average discount, has 0:22:13.320 --> 0:22:17.400 been seventy percent deployed. And you know what I say 0:22:17.440 --> 0:22:19.800 is it's not that the valuations are wrong of the 0:22:19.840 --> 0:22:22.720 private equity. It's that there's not a lot of supply 0:22:23.000 --> 0:22:25.119 to create liquidity in that market because there's not a 0:22:25.119 --> 0:22:27.280 lot of secondaries. But that gives you a little bit 0:22:27.280 --> 0:22:28.240 of a pricing element. 0:22:28.400 --> 0:22:31.840 This is Bloomberg Daybreak, Your Morning podcast on the stories 0:22:31.880 --> 0:22:34.920 making news from Wall Street to Washington and beyond. 0:22:35.160 --> 0:22:37.520 Look for us on your podcast feed by six am 0:22:37.600 --> 0:22:41.000 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:22:41.240 --> 0:22:44.080 You can also listen live each morning starting at five 0:22:44.119 --> 0:22:46.720 am Wall Street Time on Bloomberg eleven three to zero 0:22:46.840 --> 0:22:49.720 in New York, Bloomberg ninety nine to one in Washington, 0:22:49.800 --> 0:22:53.720 Bloomberg ninety two nine in Boston, and nationwide on serious 0:22:53.920 --> 0:22:55.639 XM Channel one twenty one. 0:22:55.880 --> 0:22:58.639 Plus listen coast to coast on the Bloomberg Business app 0:22:58.680 --> 0:23:01.440 now with Apple CarPlay the Android Atto interfaces. 0:23:01.720 --> 0:23:04.720 And don't forget to subscribe to Bloomberg News Now. It's 0:23:04.760 --> 0:23:07.480 the latest news whenever you want it in five minutes 0:23:07.560 --> 0:23:10.680 or less. Search Bloomberg News Now on your favorite podcast 0:23:10.720 --> 0:23:14.880 platform to stay informed all day long. I'm Karen Moscow. 0:23:14.680 --> 0:23:17.199 And I'm Nathan Hager. Join us again tomorrow morning for 0:23:17.240 --> 0:23:19.160 all the news you need to start your day right 0:23:19.200 --> 0:23:20.679 here on Bloomberg Daybreak