Deadliest Mass Shooting This Year; Auto Workers Have Agreement With Ford

Good morning. 0:00:03.080 --> 0:00:05.920 I'm Nathan Hager and I'm Karen Moscow. Here are the 0:00:05.960 --> 0:00:07.440 stories we're following today. 0:00:08.080 --> 0:00:10.240 The search is on for a gunman who killed more 0:00:10.280 --> 0:00:13.400 than twenty people and injured dozens more at a restaurant 0:00:13.400 --> 0:00:16.319 and bowling alley in Lewiston, Maine. Here's the mayor of 0:00:16.360 --> 0:00:19.160 neighboring Auburn, Maine, Jason levec When I. 0:00:19.079 --> 0:00:21.279 Was bringing people in that we're looking for their loved ones, 0:00:21.320 --> 0:00:24.840 there's fear, if there's panic, of course, there's worry, understandable. 0:00:26.360 --> 0:00:30.280 But the people that were actually there tonight, it was 0:00:30.320 --> 0:00:34.440 what I didn't hear. It's think just it's shocked. It's 0:00:34.440 --> 0:00:35.360 hard for me to explain. 0:00:35.840 --> 0:00:38.440 Auburn Mayor Jason Leveck says police are looking for forty 0:00:38.520 --> 0:00:42.159 year old Robert Card. He has described as a firearms instructor, 0:00:42.200 --> 0:00:44.360 believed to be in the Army Reserve assigned to a 0:00:44.400 --> 0:00:46.680 training facility in Saco, Maine. 0:00:46.840 --> 0:00:49.600 Well, Nathan, We've had major developments overnight as well in 0:00:49.680 --> 0:00:53.520 the Israel Hamas War. Israel's military has been carrying out 0:00:53.640 --> 0:00:57.280 limited ground raids in northern Gaza to quote prepare the 0:00:57.360 --> 0:01:01.200 battlefield for the next stages of combat. President Biden says 0:01:01.200 --> 0:01:04.000 he's asked Prime Minister Benjamin and Yahoo to delay a 0:01:04.080 --> 0:01:07.640 full scale invasion to secure the release of more hostages. 0:01:07.880 --> 0:01:10.840 Well, I have indicated to him is that if that's 0:01:10.920 --> 0:01:15.000 possible to get these folks out safely, that's what he 0:01:15.040 --> 0:01:16.240 should do. Is third decision. 0:01:16.680 --> 0:01:19.480 President Biden says he's also urged Israel to focus on 0:01:19.520 --> 0:01:23.000 a pathway for a permanent peace with the Palestinians. Israel's 0:01:23.000 --> 0:01:25.920 military now says Amas is holding two hundred and twenty 0:01:25.959 --> 0:01:28.920 four people hostage in Gaza. That's a bit more than 0:01:29.040 --> 0:01:30.000 earlier estimates. 0:01:30.160 --> 0:01:32.280 I'm back here in the US, Karen. The auto strike 0:01:32.280 --> 0:01:35.839 at Ford appears to be over. The United Autoworkers reached 0:01:35.840 --> 0:01:39.440 a tentative agreement with the automaker last night. UAB President 0:01:39.480 --> 0:01:41.760 Sean Fain made the announcement today. 0:01:42.080 --> 0:01:45.720 We reached a tentative agreement with Ford. For months, we've 0:01:45.760 --> 0:01:50.360 said that record profits mean record contracts, and uaw family, 0:01:50.760 --> 0:01:53.120 our stand up strike has delivered. 0:01:53.280 --> 0:01:56.160 UAWD President Sean Fain says the contract calls for a 0:01:56.200 --> 0:01:59.080 record twenty five percent hourly wagehike over the life of 0:01:59.080 --> 0:02:01.440 the contract, which seeds four years. 0:02:01.680 --> 0:02:04.680 Well from Detroit to d C. Nathan. After weeks of 0:02:04.760 --> 0:02:09.240 infighting and jockeying for votes, lawmakers have elected Republican Congressman 0:02:09.320 --> 0:02:12.919 Mike Johnson of Louisiana as the fifty sixth Speaker of 0:02:12.960 --> 0:02:16.200 the House, and Bloomberg's Amy Morris has details from Washington. 0:02:16.760 --> 0:02:19.720 Congressman Johnson was sworn in as the House Speaker after 0:02:19.800 --> 0:02:22.760 three failed GOP tries by his colleagues. He won with 0:02:22.800 --> 0:02:25.440 two hundred twenty votes, three more than he needed after 0:02:25.440 --> 0:02:28.240 the seat remained vacant for more than two weeks. Johnson 0:02:28.240 --> 0:02:30.799 announced to the members that the People's House is back 0:02:30.840 --> 0:02:33.639 in business, and he says he will create a bipartisan 0:02:33.639 --> 0:02:35.720 committee to reduce the nation's debt. 0:02:35.880 --> 0:02:39.560 And we're going to establish a bipartisan Debt Commission to 0:02:39.639 --> 0:02:42.640 begin working on this crisis immediately, immediately. 0:02:44.360 --> 0:02:47.120 Johnson says his first bill will focus on the needs 0:02:47.160 --> 0:02:50.320 of Israel in Washington. I'm Amy Morris, Bloomberg Radio. 0:02:50.440 --> 0:02:53.720 Amy thanks Speaker. Johnson was endorsed by former President Trump. 0:02:53.840 --> 0:02:56.800 He's been fined a second time for violating the gag 0:02:56.919 --> 0:02:59.480 order in his trial in New York. Bloomberg Zed Baxter 0:02:59.520 --> 0:02:59.720 has that. 0:03:00.760 --> 0:03:03.240 The judge in Trump's civil fraud trial has fined him 0:03:03.280 --> 0:03:07.200 ten thousand dollars, saying he violated a limited gag order 0:03:07.320 --> 0:03:10.920 barring personal attacks on court staffers. Trump was called to 0:03:10.960 --> 0:03:14.320 the witness stand to explain his comment that quote a 0:03:14.440 --> 0:03:18.440 person who's very partisan sitting alongside the judge in this case. 0:03:18.919 --> 0:03:22.040 Trump said he and his attorneys repeated the comment was 0:03:22.120 --> 0:03:27.720 aimed at Michael Cohen and not the judge's clerk ripple effect. Though, 0:03:27.960 --> 0:03:30.840 after federal prosecutors pointed to this to keep a gag 0:03:30.960 --> 0:03:35.440 order in place in the DC election obstruction case, ed 0:03:35.520 --> 0:03:37.840 Baxter Bloomberg Radio all right ed thanks. 0:03:37.920 --> 0:03:40.320 While sticking with legal news, the fraud trial of Sam 0:03:40.320 --> 0:03:43.240 bekman Fried picks up again today after a week off. 0:03:43.480 --> 0:03:46.320 His lawyer says the FTX founder plans to take the 0:03:46.360 --> 0:03:49.640 stand to testify. Could happen as soon as this afternoon 0:03:49.720 --> 0:03:52.640 because prosecutors are expected to rest their case this morning. 0:03:52.960 --> 0:03:55.600 Benkman Freed has pleaded not guilty to charges that he 0:03:55.680 --> 0:03:59.280 looted the financial accounts of his customers and investors. 0:03:58.920 --> 0:04:01.480 On Wall Street Care when a leadership change is coming 0:04:01.520 --> 0:04:04.600 at Morgan Stanley. The bank has selected Ted Pick as 0:04:04.600 --> 0:04:07.880 its new chief executive officer, succeeding James Gorman after his 0:04:08.080 --> 0:04:11.280 fourteen year run. More from Bloomberg's Charlie Pellett. 0:04:11.080 --> 0:04:13.280 In tapping Pick, the firm is turning to the man 0:04:13.400 --> 0:04:17.080 credited with spurring a revival in its trading business after 0:04:17.160 --> 0:04:20.560 a perilous stretch during the two thousand and eight financial crisis, 0:04:20.760 --> 0:04:24.520 a period when clients ditched Morgan Stanley and doubts about 0:04:24.560 --> 0:04:29.400 its ability to survive reverberated around Wall Street in New York. 0:04:29.520 --> 0:04:31.000 Charlie Pellett, Bloomberg Radio. 0:04:31.080 --> 0:04:32.960 All right, Charlie, thanks, and we'll be hearing from both 0:04:33.000 --> 0:04:35.360 executives coming up at ten thirty Wall Street time this 0:04:35.400 --> 0:04:37.600 morning on Bloomberg Radio and Television. 0:04:37.920 --> 0:04:40.440 Well, turning to the markets now, Nathan Shares of Meta 0:04:40.600 --> 0:04:43.039 down two and a half percent in early trading. Third 0:04:43.120 --> 0:04:46.200 quarter revenue did beat analyst estimates, but as Bloomberg's Alex 0:04:46.200 --> 0:04:49.400 Sporanka reports, the stock took a big hit following the 0:04:49.400 --> 0:04:50.600 company's conference call. 0:04:50.880 --> 0:04:53.640 CFO Susan Lee set on a call with analysts that 0:04:53.920 --> 0:04:57.800 they are still at the whims of uncertain macroeconomic conditions 0:04:58.000 --> 0:05:01.240 and that revenue for twenty twenty four is still uncertain 0:05:01.680 --> 0:05:04.600 As investors evaluate the stock going into next year, they'll 0:05:04.640 --> 0:05:07.240 have to take all of these things into account and 0:05:07.600 --> 0:05:11.080 answer the big question of how is artificial intelligence actually 0:05:11.080 --> 0:05:13.000 going to contribute to Meta's top line. 0:05:13.080 --> 0:05:16.440 Bloombergs Alix spirriincas as Metas overall monthly user numbers rose 0:05:16.560 --> 0:05:18.880 seven percent to three point one four billion. 0:05:19.000 --> 0:05:21.320 And it is a busy morning on the economic front, Karen. 0:05:21.360 --> 0:05:22.920 Here in the US, we'll get a reading on third 0:05:22.960 --> 0:05:26.440 quarter GDP as well as jobless claims. Overseas, the European 0:05:26.520 --> 0:05:29.480 Central Bank set to keep interest rates on hold after 0:05:29.720 --> 0:05:33.200 ten back to back increases. All analysts surveyed by Bloomberg 0:05:33.279 --> 0:05:37.120 expect policymakers to leave the ECB deposit rate at four percent. 0:05:40.400 --> 0:05:42.280 All right, Nathan, thank you. Time now for a look 0:05:42.279 --> 0:05:44.640 at some of the other stories making news around the world. 0:05:44.680 --> 0:05:47.760 For that, we're joined by Bloomberg's Amy Morris. Amy, good morning, 0:05:48.200 --> 0:05:49.159 Good morning, Karen. 0:05:49.240 --> 0:05:52.039 Former President Donald Trump stormed out of the courtroom during 0:05:52.120 --> 0:05:55.480 day two of Michael Cohen's testimony. Trump's former lawyer took 0:05:55.480 --> 0:05:58.440 the stand in his former boss's civil fraud trial, and 0:05:58.560 --> 0:06:01.360 after court, Cohen said he would not be intimidated. 0:06:01.440 --> 0:06:03.040 He's got the wrong guy to intimidate. 0:06:03.160 --> 0:06:03.880 As you've seen. 0:06:04.200 --> 0:06:07.039 I haven't stopped since I don't know how many years now, 0:06:07.080 --> 0:06:10.720 and I won't until, as I said, accountability. 0:06:09.920 --> 0:06:13.080 Has had NBC reports. Trump returned to the courtroom after 0:06:13.120 --> 0:06:16.080 the court day ended and Cohen finished his testimony. The 0:06:16.160 --> 0:06:19.120 judge called on Trump to testify and was fined ten 0:06:19.160 --> 0:06:22.960 thousand dollars for violating his gag order again. Ukraine President 0:06:23.040 --> 0:06:26.960 Vladimir Zelenski will ask European Union leaders meeting in Brussels 0:06:27.200 --> 0:06:30.839 to expand sanctions against Russia to impede the Kremlin's ability 0:06:30.880 --> 0:06:34.200 to resupply as allies brace for a long war and 0:06:34.279 --> 0:06:38.200 military support for Ukraine becomes more pressing. According to documents 0:06:38.240 --> 0:06:41.520 seen by Bloomberg News, the EU risks falling behind on 0:06:41.600 --> 0:06:45.039 plans to provide Ukraine with a million artillery shells by March, 0:06:45.279 --> 0:06:48.680 with only about thirty percent of the target delivered. President 0:06:48.720 --> 0:06:52.799 Biden welcomed Australian Prime Minister Anthony Albinizi to a state 0:06:52.839 --> 0:06:55.719 dinner at the White House last night. The President praised 0:06:55.760 --> 0:06:59.039 the US relationship with Australia dating back to World War. 0:06:58.880 --> 0:07:04.080 II, that commit meant to face tough challenges, that courage 0:07:04.480 --> 0:07:07.720 to fight for a better future. Pass what's always brought 0:07:07.760 --> 0:07:09.240 America and Australia together. 0:07:10.160 --> 0:07:12.560 President Biden says that much of the history of the 0:07:12.560 --> 0:07:15.160 world will be written in the Indo Pacific region in 0:07:15.200 --> 0:07:18.240 coming years, and that Australia and the US must write 0:07:18.240 --> 0:07:21.440 that story together. The Biden administration is taking a crack 0:07:21.480 --> 0:07:25.120 at regulating the use of artificial intelligence in the US government. 0:07:25.280 --> 0:07:27.320 Bloomberg's Nancy Lyons says that story. 0:07:27.400 --> 0:07:30.360 President Biden is planning to sign a wide ranging directive 0:07:30.400 --> 0:07:34.160 on AI in the hopes of stopping possible misuse before 0:07:34.200 --> 0:07:37.400 the AI models a released to the public. Those familiar 0:07:37.480 --> 0:07:40.240 with the plans say the action plan for Monday will 0:07:40.280 --> 0:07:43.320 coincide with a White House event promoting safe, secure, and 0:07:43.360 --> 0:07:47.720 trustworthy artificial intelligence. Some executives from the tech sector are 0:07:47.760 --> 0:07:50.600 expected to be there, and in the coming days, Vice 0:07:50.640 --> 0:07:53.840 President Harris will attend a summit in the UK looking 0:07:53.880 --> 0:07:57.920 at AI risks in Washington. Nancy Lyons Bloomberg. 0:07:57.560 --> 0:08:00.560 Radio Global News twenty four hours a day, whenever you 0:08:00.600 --> 0:08:03.480 want it with Bloomberg News. Now, Hi, maybe Morris, this 0:08:03.600 --> 0:08:04.560 is Bloomberg Karen. 0:08:04.600 --> 0:08:06.480 All right, Amy, thank you, while we bring you news 0:08:06.520 --> 0:08:09.800 throughout the day here on Bloomberg Radio. But Now. You 0:08:09.800 --> 0:08:13.119 can get the latest news on demand whenever you want it. 0:08:13.160 --> 0:08:15.920 Subscribe to Bloomberg News Now to get the latest headlines 0:08:15.960 --> 0:08:18.800 at the click of a button. Get informed on your schedule. 0:08:18.840 --> 0:08:21.440 You can listen and subscribe to Bloomberg News Now on 0:08:21.440 --> 0:08:25.280 the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify, 0:08:25.440 --> 0:08:32.480 and anywhere else you get your podcasts. But it's time 0:08:32.480 --> 0:08:35.000 now for the Bloomberg Sports Update, and we bring in 0:08:35.080 --> 0:08:37.199 John Stashaur, John Karen. 0:08:37.280 --> 0:08:40.560 Dusty Baker says baseball has been his life. Drafted by 0:08:40.600 --> 0:08:43.720 the Atlanta Breys in nineteen sixty seven, he played for 0:08:43.880 --> 0:08:48.000 nineteen years and managed for twenty six years five different teams, 0:08:48.320 --> 0:08:51.160 the seventh most wins as a manager in baseball history. 0:08:51.200 --> 0:08:53.559 Won the World Series last year with the Astros, and 0:08:53.640 --> 0:08:57.280 Baker is retiring as Astros, coming up a little bit 0:08:57.360 --> 0:09:00.960 short in the ALCS when they lost that Game seven 0:09:01.040 --> 0:09:04.640 to Texas, seventy four years old, Dusty Baker calling it 0:09:04.720 --> 0:09:08.600 Quif World Series begins tomorrow, Arizona's gonna start Zach Gallen 0:09:08.679 --> 0:09:11.400 and Texas will go with Nathan Evaldi, who's four to 0:09:11.480 --> 0:09:14.320 zero in the postseason leak. The NFL begins tonight with 0:09:14.360 --> 0:09:16.680 Tampa Bay who's three and three at Buffalo, who's been 0:09:16.720 --> 0:09:20.120 a disappointment at four and three. Deshaun Watson will again 0:09:20.200 --> 0:09:22.800 not play for Cleveland Sunday in Seattle. He's got the 0:09:22.800 --> 0:09:24.559 shoulder injuries, so the Browns will go with p J. 0:09:24.720 --> 0:09:28.440 Walker and Brock Perdy and concussion protocol so very likely 0:09:28.520 --> 0:09:30.679 will not play for the forty nine ers in their 0:09:30.720 --> 0:09:34.120 game against Cincinnati. The Niners would turn to Sam Darnold. 0:09:34.240 --> 0:09:36.319 The NBA announced the All Star Game is going back 0:09:36.360 --> 0:09:40.280 to the East versus West format. They've been using captain's picks. 0:09:40.360 --> 0:09:43.680 James Harden back with Philadelphia, but he won't play the 0:09:43.720 --> 0:09:47.880 Sixers opener tonight against Milwaukee. Victor Webbin Yama played last 0:09:47.920 --> 0:09:50.559 night his first game in the NBA. Scored fifteen points, 0:09:50.640 --> 0:09:53.320 the nineteen year old top pick of the draft. The 0:09:53.360 --> 0:09:56.000 Spurs lost their game with Dallas. The Celtics beat the 0:09:56.040 --> 0:09:59.679 Knickson New York. Jayson Tatum scored thirty four. Washington got 0:10:00.000 --> 0:10:02.800 I don't add at Indiana one forty six to one twenty. 0:10:02.800 --> 0:10:05.559 The Capitals beat the Devil six to four. Johns dash 0:10:05.640 --> 0:10:06.760 that we're bloomberg. 0:10:06.360 --> 0:10:12.960 Sport from coast to coast from New York to San Francisco, 0:10:13.280 --> 0:10:17.920 Boston to Washington, DC, nationwide on Syrias exam the Bloomberg 0:10:17.960 --> 0:10:19.959 Business app in Bloomberg dot Com. 0:10:20.160 --> 0:10:24.920 This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. After 0:10:25.000 --> 0:10:28.959 three weeks of deadlock and four nominees, Republicans have finally 0:10:29.080 --> 0:10:34.000 rallied behind a little known religious conservative, Mike Johnson, to 0:10:34.040 --> 0:10:36.800 be the fifty sixth Speaker of the House. And Speaker 0:10:36.880 --> 0:10:39.280 Johnson is promising to get to work in this. 0:10:39.360 --> 0:10:41.840 Time of great crisis. It is our duty to work 0:10:41.840 --> 0:10:44.800 together as previous generations of great leaders have to face 0:10:44.840 --> 0:10:46.960 these great challenges and solve these great problems. 0:10:47.120 --> 0:10:49.480 And that was Speaker Mike Johnson after he was sworn 0:10:49.480 --> 0:10:51.920 in on a vote of two twenty to two thirteen. 0:10:52.600 --> 0:10:54.800 For more, We're joined by Terry Haines, the founder of 0:10:54.840 --> 0:10:57.360 Pangaea Policy. Terry, it's good to speak with you. In 0:10:57.360 --> 0:11:01.199 one of those great challenges. Now suddenly becomes the issue 0:11:01.200 --> 0:11:04.400 of gun violence once again after last night's mass shooting 0:11:04.480 --> 0:11:07.520 in Maine, the deadliest this year. Does that issue come 0:11:07.559 --> 0:11:09.520 back into focus now in Washington? 0:11:10.760 --> 0:11:14.200 Good morning, Nathan, Yeah, it does come back into focus 0:11:14.240 --> 0:11:18.360 in Washington. But Sadly, it's almost certain that nothing comes 0:11:18.440 --> 0:11:22.160 of it. Both parties tend to have very purest physicians 0:11:22.200 --> 0:11:28.120 on these things, Republicans much in favor of Second Amendment 0:11:29.000 --> 0:11:33.880 purism and the Democrats very much wanting different sorts of 0:11:33.880 --> 0:11:38.120 gun control. They've not shown themselves able to come together 0:11:38.400 --> 0:11:43.160 around incremental solutions even that everybody thinks are necessary, and 0:11:43.240 --> 0:11:45.480 haven't been able to for about ten years. The last 0:11:45.480 --> 0:11:49.199 time that anybody tried to make a run at the 0:11:49.240 --> 0:11:52.400 registrations and a bunch of other bunch of other common 0:11:52.400 --> 0:11:56.000 sense things, it was now retired Senator Pat Toomey on 0:11:56.040 --> 0:12:01.000 their Republican side and the now much more Famousmocrat Joe Mansion, 0:12:01.520 --> 0:12:05.680 and they really couldn't get anything going thanks to that 0:12:06.559 --> 0:12:09.440 purism on both sides. And I would not look for 0:12:09.520 --> 0:12:10.800 anything to change here. 0:12:11.200 --> 0:12:13.920 And just to note, Michael Bloomberg, the founder majority owner 0:12:13.920 --> 0:12:19.280 of Bloomberg Radio parent company Bloomberg LP, does support organizations 0:12:19.480 --> 0:12:23.080 that support gun control, including every Town for Gun Safety. 0:12:23.360 --> 0:12:26.280 And speaking of purist positions, Terry, I think that's something 0:12:26.440 --> 0:12:30.200 that this new speaker is known for. He sort of 0:12:30.240 --> 0:12:35.800 invoked his religious background when he claimed the gavel. What 0:12:35.960 --> 0:12:41.080 could Speaker Johnson the kind of conservative that he represents 0:12:41.160 --> 0:12:45.920 on Capitol Hill mean for getting legislation done, well, it's. 0:12:46.360 --> 0:12:50.240 I think it's two things. For markets. First, it's a 0:12:50.280 --> 0:12:52.360 lot less than meets the eye, but at the same 0:12:52.400 --> 0:12:55.720 time it's an incremental markets plus. I'll get to the 0:12:55.760 --> 0:12:59.319 meets the eye in a second. It's an incremental markets 0:12:59.360 --> 0:13:03.320 plus because Congress only has two basic things to do 0:13:03.440 --> 0:13:06.760 right now for the next year. One is to continue 0:13:06.760 --> 0:13:09.880 to assure that the government is funded somehow, and secondly, 0:13:10.280 --> 0:13:13.320 to make sure that it takes care of its geopolitical 0:13:13.320 --> 0:13:18.400 obligations by providing aid for Ukraine and Israel as well 0:13:18.440 --> 0:13:21.760 as as well as the Southern border. The good news 0:13:21.840 --> 0:13:24.720 is you've got shutdown risk is now I think down 0:13:24.720 --> 0:13:29.040 to forty percent. Things are volatile, but a funding extension 0:13:29.120 --> 0:13:32.880 is much more likely thanks to the kicking the can 0:13:32.880 --> 0:13:35.080 that the Republicans have done over the last few weeks. 0:13:35.640 --> 0:13:38.800 But we still made a tangible sign of that. Markets 0:13:38.840 --> 0:13:42.359 that will be disappointed though that there's really no attempt 0:13:42.559 --> 0:13:45.520 to write size fiscal or debt or deficit or anything 0:13:45.559 --> 0:13:49.760 else Johnson talks about in his speech yesterday, talked about 0:13:49.840 --> 0:13:52.680 establishing a debt commission. That's all well and good, but 0:13:52.760 --> 0:13:56.440 it's also classic Washington can kicking. It's the job of 0:13:57.120 --> 0:13:59.920 members of Congress, of both parties and in both houses 0:14:00.080 --> 0:14:03.920 to do that sort of work, not debt commissions. So 0:14:05.080 --> 0:14:08.880 you know, it's also market positive for defense, for example. 0:14:09.000 --> 0:14:14.360 But there's that politically, you know, Johnson is not going 0:14:14.400 --> 0:14:16.840 to be the main driver here. It's going to end 0:14:16.960 --> 0:14:20.360 up being people like Scalise and Emmer and Jordan, all 0:14:20.400 --> 0:14:23.200 of whom were much less important over the last three 0:14:23.240 --> 0:14:26.080 weeks because they lost bids for speaker. Now they're much 0:14:26.120 --> 0:14:28.480 more important because they're the senior leaders of the party 0:14:28.520 --> 0:14:30.560 that are actually going to drive the bus again. So 0:14:31.680 --> 0:14:35.640 you know, Johnson is is not somebody who should be 0:14:35.720 --> 0:14:40.600 viewed in the mold of a super speaker like Pelosi 0:14:41.320 --> 0:14:45.600 styled herself on the Democratic side, like people like John 0:14:45.640 --> 0:14:48.320 Bayn or Paul Ryan tried to be on the Republican side. 0:14:48.680 --> 0:14:52.000 This is somebody that is part of the leadership, but 0:14:52.120 --> 0:14:54.120 by no means is the leader of the party in 0:14:54.160 --> 0:14:54.560 the House. 0:14:54.920 --> 0:14:57.840 Just thirty seconds left, Terry, it sounds like you're characterizing 0:14:57.880 --> 0:14:59.880 Speaker Johnson is almost a figure. 0:15:00.280 --> 0:15:02.800 Is that how you see him a little. 0:15:02.600 --> 0:15:05.480 Bit more than that? But I do not see him 0:15:05.520 --> 0:15:08.240 as a leading figure in the party. He has not 0:15:08.400 --> 0:15:12.520 become so he was not one before before his elevation, 0:15:13.360 --> 0:15:17.200 so I would not expect him to exercise the size 0:15:17.240 --> 0:15:21.040 of influence on any particular issue. 0:15:21.400 --> 0:15:24.240 This is Bloomberg day Break Today, your morning brief on 0:15:24.360 --> 0:15:27.920 the stories making news from Wall Street to Washington and beyond. 0:15:28.160 --> 0:15:30.960 Look for us on your podcast feed at six am 0:15:31.040 --> 0:15:34.680 Eastern each morning, on Apple, Spotify, and anywhere else you 0:15:34.760 --> 0:15:35.920 get your podcasts. 0:15:36.040 --> 0:15:38.720 You can also listen live each morning starting at five 0:15:38.800 --> 0:15:41.440 am Wall Street time on Bloomberg eleven three to zero 0:15:41.440 --> 0:15:44.240 in New York, Bloomberg ninety nine to one in Washington, 0:15:44.400 --> 0:15:47.600 Bloomberg one six to one in Boston, and Bloomberg ninety 0:15:47.600 --> 0:15:49.000 sixty in San Francisco. 0:15:49.400 --> 0:15:52.560 Our flagship New York station is also available on your 0:15:52.600 --> 0:15:57.600 Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty. 0:15:57.720 --> 0:16:00.600 Plus listen coast to coast on the Bloomberg Business app, 0:16:00.680 --> 0:16:04.520 serious XM Channel one nineteen, the iHeartRadio app, and on 0:16:04.640 --> 0:16:08.200 Bloomberg dot Com. I'm Nathan Haager and I'm Karen Moscow. 0:16:08.280 --> 0:16:11.080 Join us again tomorrow morning for all the news you 0:16:11.160 --> 0:16:14.400 need to start your day right here on Bloomberg Daybreak