Black Boxes Recovered from Plane Crash; Trump Barrels Toward Tariff Showdown

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:10.320 --> 0:00:13.480 Good morning, I'm Nathan Hager and I'm Karen Moscow. Here 0:00:13.520 --> 0:00:15.240 are the stories we're following today. 0:00:15.400 --> 0:00:17.680 Karen, we begin with the latest on the deadly plane 0:00:17.680 --> 0:00:21.119 crash in Washington, d C. There are no survivors in 0:00:21.120 --> 0:00:24.000 the collision between American Eagle Flight fifty three forty two 0:00:24.000 --> 0:00:27.960 and an Army Blackhawk helicopter near Reagan National Airport. Todd 0:00:27.960 --> 0:00:31.280 Inman with the National Transportation Safety Board says crews are 0:00:31.400 --> 0:00:33.480 still pulling victims from the Potomac River. 0:00:34.040 --> 0:00:36.839 We're still in a recovery mode, first and foremost to 0:00:36.840 --> 0:00:40.880 get the perishable evidence and specifically the bodies out. Once 0:00:40.920 --> 0:00:42.680 we get a little bit closer into that, we'll be 0:00:42.680 --> 0:00:45.040 able to better understand the dynamics of what may have 0:00:45.120 --> 0:00:46.519 happened upon impact. 0:00:46.680 --> 0:00:50.040 Todd Inman with the NTSB says both black boxes from 0:00:50.040 --> 0:00:53.320 the American Eagle flight have now been recovered. Bloomberg's Danny 0:00:53.360 --> 0:00:56.000 Lee reports those have been sent to labs for evaluation. 0:00:56.560 --> 0:01:00.040 This will be crucial because they can potentially start to 0:01:00.240 --> 0:01:02.280 find out in the minutes before the lead up to 0:01:02.480 --> 0:01:05.679 and also the seconds before, what were the conversations the 0:01:05.680 --> 0:01:08.560 cockpit between the pilots, particularly with the air traffic control 0:01:08.800 --> 0:01:11.279 which is under scrutiny, and also were there any warnings 0:01:11.319 --> 0:01:13.960 particulars his plane would have been traveling down in the 0:01:14.040 --> 0:01:17.160 dark through the very busy piece of s space. 0:01:17.240 --> 0:01:20.080 Bloomberg's Danny Lee reports the NTSB could put out a 0:01:20.080 --> 0:01:23.120 preliminary report on the crash within thirty days, but the 0:01:23.160 --> 0:01:27.280 agency says it won't speculate about possible causes well Nathan. 0:01:27.319 --> 0:01:30.280 President Trump says he does not know exactly what caused 0:01:30.280 --> 0:01:33.080 the crash, but he does say he has opinions. At 0:01:33.120 --> 0:01:36.640 a White House news conference, the President said diversity, equity 0:01:36.680 --> 0:01:39.960 and inclusion programs may have played a role in the disaster. 0:01:40.400 --> 0:01:41.360 It just could have been. 0:01:41.560 --> 0:01:44.039 We have a high standard. We've had a much higher 0:01:44.080 --> 0:01:47.560 standard than anybody else, and there are things where you 0:01:47.640 --> 0:01:49.440 have to go by brain power, you have to go 0:01:49.520 --> 0:01:53.000 by psychological equality. 0:01:53.720 --> 0:01:56.560 The President also says there may have been a pilot 0:01:56.640 --> 0:01:59.840 problem with a helicopter in that he didn't necessarily know 0:02:00.080 --> 0:02:03.160 if it was the controller's fault. Leader President Trump signed 0:02:03.160 --> 0:02:06.280 an executive order for the FAA and the Transportation Department 0:02:06.360 --> 0:02:09.600 to review its hiring and safety decisions over the last 0:02:09.600 --> 0:02:11.519 four years. Under the Biden administration. 0:02:11.720 --> 0:02:14.840 Well, meanwhile, Karen, President Trump is poised to impose twenty 0:02:14.840 --> 0:02:18.000 five percent tariffs on nine hundred billion dollars worth of 0:02:18.000 --> 0:02:21.000 goods from Canada and Mexico starting tomorrow. 0:02:21.080 --> 0:02:23.320 The President spoke from the Oval Office. 0:02:23.600 --> 0:02:27.440 Mexico and Canada have never been good to us on trade. 0:02:27.440 --> 0:02:30.680 They've treated us very unfairly on trade, and we will 0:02:31.160 --> 0:02:33.080 be able to make that up very quickly because we 0:02:33.120 --> 0:02:34.520 don't need the products that they have. 0:02:34.800 --> 0:02:36.080 We have all the oil you need. 0:02:36.639 --> 0:02:38.960 We have all the trees you need, meaning the lumber. 0:02:39.600 --> 0:02:42.679 We have more than almost anybody in those two categories. 0:02:43.280 --> 0:02:45.679 And Americans love of guacamole is about to be put 0:02:45.720 --> 0:02:48.720 to the test. Mexico supplies upward of ninety percent of 0:02:48.720 --> 0:02:52.440 the avocados Americans eat, and President Donald Trump is likely 0:02:52.520 --> 0:02:55.040 to make them more expensive with this gland to slap 0:02:55.080 --> 0:02:58.360 twenty five percent tariffs on Mexican imports beginning on Saturday. 0:02:58.680 --> 0:03:01.560 Prices for avocados are already up fourteen percent from a 0:03:01.600 --> 0:03:04.840 year ago. More pressure is coming with the Super Bowl, 0:03:04.840 --> 0:03:07.280 which is my far the biggest day of the year 0:03:07.680 --> 0:03:09.440 for eating avocados in the US. 0:03:09.680 --> 0:03:12.399 Well, it's been a big couple of days for President 0:03:12.440 --> 0:03:16.720 Trump's cabinet picks. Karen Tulcy Gabbard, the president's choice to 0:03:16.760 --> 0:03:19.840 be Director of National Intelligence. She faced questions from the 0:03:19.880 --> 0:03:22.720 Senate Intelligence Committee. Many of those centered on what critics 0:03:22.760 --> 0:03:26.200 see is her shifting positions on intelligence collection and statement 0:03:26.240 --> 0:03:27.680 sympathetic to Russia. 0:03:27.760 --> 0:03:29.919 Bloomberg Zamy Morris reports from Washington. 0:03:30.280 --> 0:03:34.800 Several lawmakers focused on gabbard support for NSA whistleblower, Edward Snowden, 0:03:34.960 --> 0:03:38.440 who leaked classified documents then fled to Russia, where he's 0:03:38.480 --> 0:03:42.440 now a citizen. Democratic Senator Michael Bennett of Colorado. 0:03:42.240 --> 0:03:47.680 Is Edward Snowden a trader to the United States of America. 0:03:47.840 --> 0:03:52.320 As someone who has to go on in combat, I 0:03:52.440 --> 0:03:55.960 understand how critical our national security. 0:03:55.600 --> 0:03:56.400 Farely you don't. 0:03:56.480 --> 0:04:00.120 Gabbard's nomination is not certain, with many Republicans declining to 0:04:00.160 --> 0:04:04.040 declare their support and Democrats criticizing her for appearing sympathetic 0:04:04.240 --> 0:04:08.800 toward authoritarians like Russia's Vladimir Putin and Syria's Bashar al Asad. 0:04:09.160 --> 0:04:11.600 In Washington, Amy Morris Bloomberg Radio. 0:04:11.480 --> 0:04:14.520 All right, Amy, thank you about cash battel President Trump's picctilly. 0:04:14.560 --> 0:04:18.279 The FBI also had his confirmation. Hearing, Battel insisted that 0:04:18.360 --> 0:04:21.640 he did not have an enemy's list. He also said 0:04:21.680 --> 0:04:25.719 he would not seek retribution against the president's adversaries or 0:04:25.839 --> 0:04:28.240 launch investigations for political reasons. 0:04:28.720 --> 0:04:31.240 The only thing that will matter if I'm confirmed as 0:04:31.279 --> 0:04:35.360 a director of the FBI is a de weaponized, depoliticized 0:04:35.400 --> 0:04:39.960 system of law enforcement, completely devoted to rigorous obedience of 0:04:40.000 --> 0:04:42.919 the Constitution and a singular standard of justice. 0:04:43.080 --> 0:04:46.839 Patel sought on multiple occasions to reassure Democrats that his 0:04:47.000 --> 0:04:49.960 FBI would be independent from the White House. He would 0:04:49.960 --> 0:04:52.839 not acknowledge that Trump had lost the twenty twenty election, 0:04:53.240 --> 0:04:56.400 conceding only that Joe Biden was sworn in as president. 0:04:56.720 --> 0:05:00.400 During the markets now, Karen, futures are higher. We close 0:05:00.440 --> 0:05:03.360 out the trading week, thanks in part to big tech earnings. 0:05:03.400 --> 0:05:06.080 Shares of Apple are hired by more than three percent. 0:05:06.160 --> 0:05:08.800 The iPhone maker gave a reassuring revenue forecast for the 0:05:08.839 --> 0:05:13.120 current quarter, offsetting holiday results which showed jarring declines for 0:05:13.279 --> 0:05:16.680 China and the iPhone. Apple CEO Tim Cook spoke on 0:05:16.720 --> 0:05:17.640 the earnings call. 0:05:17.960 --> 0:05:21.279 If you look at our Greater China revenue for the quarter, 0:05:21.400 --> 0:05:26.360 we were down eleven percent year over year, and over 0:05:26.560 --> 0:05:31.440 half of the decline that we experienced was driven by 0:05:31.440 --> 0:05:33.040 a change in channel inventory. 0:05:33.480 --> 0:05:36.400 Apple CEO Tim Cook says sales this quarter will grow 0:05:36.440 --> 0:05:39.760 by a percentage in the low two mid single digits, and. 0:05:39.760 --> 0:05:42.440 Nathan Intel shares are up two percent. The chip maker 0:05:42.480 --> 0:05:45.760 reported better than expected fourth quarter revenue, but did warrant 0:05:45.760 --> 0:05:48.080 that it's pushed to become more competitive is still a 0:05:48.120 --> 0:05:51.120 work in progress. However, Intel did not give a status 0:05:51.200 --> 0:05:53.000 update on his search for a new CEO. 0:05:53.440 --> 0:05:57.240 Now, Karen of Bloomberg News exclusive US officials are investigating 0:05:57.240 --> 0:06:01.440 whether Chinese AI startup Deep Seek circum dented restrictions on 0:06:01.520 --> 0:06:05.760 advanced chips from Nvidia. The Biden administration cut off China's 0:06:05.800 --> 0:06:08.839 access to a range of Nvidia's most powerful chips. Now 0:06:09.080 --> 0:06:11.200 we're told US officials are looking at whether they were 0:06:11.200 --> 0:06:15.520 acquired through third parties in Singapore. Here's Bloomberg's Senior Executive 0:06:15.600 --> 0:06:17.440 editor for Technology, Tom Giles. 0:06:17.640 --> 0:06:20.599 This is a technology that deep Seek says is cheaper, 0:06:20.960 --> 0:06:25.400 it was less expensive to develop, and now rivals like 0:06:25.640 --> 0:06:28.920 Microsoft and Open Ai, as well as US officials including 0:06:28.960 --> 0:06:32.200 the FBI and the White House the Treasury Department are 0:06:32.240 --> 0:06:34.880 looking into where did they get this technology. 0:06:35.000 --> 0:06:37.839 Bloomberg's Tom Giles notes President Trump's pick to lead the 0:06:37.880 --> 0:06:41.559 Commerce Department, Howard Lutnick, is suggesting deep seak evaded US 0:06:41.560 --> 0:06:42.840 export controls. 0:06:46.160 --> 0:06:47.120 Time now for look at. 0:06:47.080 --> 0:06:49.039 Some of the other stories making news in New York 0:06:49.040 --> 0:06:50.719 and around the world, And for that we're joined by 0:06:50.760 --> 0:06:53.160 Bloomberg's John Tucker. John, good morning, and. 0:06:53.040 --> 0:06:53.720 Good morning, Karen. 0:06:53.760 --> 0:06:56.839 The US figure skating community mourning the loss of fourteen 0:06:56.960 --> 0:06:59.599 members who were killed aboard the American Airlines flight the 0:06:59.680 --> 0:07:03.440 Colis with that Army helicopter over the Potomac. Sixteen year 0:07:03.440 --> 0:07:06.000 old Spencer Lane was one of the members of USA 0:07:06.080 --> 0:07:09.000 Skating who was on board. His friend and fellow skater 0:07:09.200 --> 0:07:11.800 Roan Lecoq, remembered him as an inspiration. 0:07:12.520 --> 0:07:16.800 He had a really great future. It was really promising 0:07:16.880 --> 0:07:20.360 for him. He had a lot of potential. It's really 0:07:20.400 --> 0:07:23.200 heartbreaking just knowing that this was the outcome. 0:07:23.600 --> 0:07:26.680 Members of USA Skating were flying back from a competition 0:07:26.760 --> 0:07:30.160 in Wichita, Kansas. The Senate has voted seventy nine to 0:07:30.200 --> 0:07:33.680 eighteen to confirm former North Dakota Governor Doug Bergham as 0:07:33.760 --> 0:07:37.920 Interior Secretary. This as President Trump moves forward with implementing 0:07:37.960 --> 0:07:42.040 his energy agenda. Berger will oversee the Interior Department, which 0:07:42.080 --> 0:07:44.960 manages more than six hundred million acres of public land 0:07:45.240 --> 0:07:48.920 at all federally owned oil, natural gas, at other minerals. 0:07:49.440 --> 0:07:52.440 Uber is alleging a fraud scheme by New York groups 0:07:52.600 --> 0:07:56.000 faking carkrash injuries. Let's get that story this morning from 0:07:56.040 --> 0:07:57.360 Bloomberg's Charlie Pellett. 0:07:57.680 --> 0:08:01.040 The ride sharing giant filed a racketeer ring lawsuit against 0:08:01.040 --> 0:08:04.560 a group of law firms, doctors, and pain management clinics. 0:08:04.800 --> 0:08:10.160 It claims staged fake car accidents and performed unnecessary surgeries 0:08:10.400 --> 0:08:14.680 to take advantage of New York's lucrative no fault insurance policies. 0:08:15.120 --> 0:08:18.080 In a lawsuit filed in federal court in Brooklyn, Uber 0:08:18.120 --> 0:08:21.360 said since at least twenty nineteen, the group has conspired 0:08:21.440 --> 0:08:26.480 quote to exploit passengers in purported or actual minor vehicle 0:08:26.560 --> 0:08:30.320 collisions in New York. Charlie Powac Bloomberg Radio. 0:08:30.200 --> 0:08:33.640 And Vertex Pharmaceuticals has gained US approval for the first 0:08:33.760 --> 0:08:37.280 new type of painkiller in more than two decades. It 0:08:37.320 --> 0:08:40.840 pays the way for a safer alternative to addictive opioids 0:08:41.120 --> 0:08:43.440 that have been linked to hundreds of thousands of deaths 0:08:43.440 --> 0:08:46.200 in the US. Global news twenty four hours a day 0:08:46.200 --> 0:08:47.760 and whatever you want it with Bloomberg News. 0:08:47.800 --> 0:08:47.959 Now. 0:08:47.960 --> 0:08:50.880 I'm John Tucker, and this is Bloomberg. Karen. 0:08:51.120 --> 0:08:52.160 All right, John, thank you. 0:08:57.000 --> 0:08:59.160 Time now for the Bloomberg Sports Update, brought to you 0:08:59.200 --> 0:09:01.480 by Trice State Ownie. And for that we bring in 0:09:01.559 --> 0:09:03.400 John Stamshower, John, good morning. 0:09:03.160 --> 0:09:05.560 Good morning, Care and spring training starts in less than 0:09:05.559 --> 0:09:08.440 two weeks. Still some unsigned free agents like Pete Alonzo, 0:09:08.559 --> 0:09:10.480 Alex Bregman, Max Schurzer. 0:09:10.080 --> 0:09:11.120 Does now have his deal. 0:09:11.160 --> 0:09:14.360 At age forty, he'll pitch an eighteenth big league season 0:09:14.440 --> 0:09:17.600 for the Toronto Blue Jays. It's his seventh different team. 0:09:17.640 --> 0:09:20.080 Scherzia has not been healthy much of the past two seasons, 0:09:20.080 --> 0:09:21.880 only made nine starts in twenty twenty. 0:09:21.640 --> 0:09:22.920 Four for Texas. 0:09:23.000 --> 0:09:25.360 No New York Hockey or hoop teams played tonight and 0:09:25.400 --> 0:09:28.000 only one played last night. That's the Islanders made it 0:09:28.080 --> 0:09:30.280 six wins in a row, three nothing at Philadelphia, twenty 0:09:30.280 --> 0:09:33.160 three saves for Ilias Sirroken. The Bruins lost to Winnipeg 0:09:33.160 --> 0:09:36.320 sixty two. Jets scored four in the third period. Capital's 0:09:36.320 --> 0:09:39.960 lost in overtime at Ottawa in defeat. Career goal number 0:09:40.000 --> 0:09:42.600 eight seventy six for Alex Loveski. He's nineteen away from 0:09:42.640 --> 0:09:45.760 breaking Wayne Gretzky's record. The Lakers won by thirty eight 0:09:46.120 --> 0:09:48.720 in Washington and now Lebron in La come to the 0:09:48.760 --> 0:09:51.640 Garden to play the Red Hot Knicks tomorrow night. Good 0:09:51.760 --> 0:09:55.640 MSG doubleheader at noon tomorrow at Saint John's, also Red Hot. 0:09:55.800 --> 0:09:58.920 Taking on Providence Golf a pebble beech American Russell Henley 0:09:59.080 --> 0:10:01.200 choine eight hunder sixty. Ford's got a one shot lid. 0:10:01.280 --> 0:10:04.440 Rory McElroy trails by two. He started on the back 0:10:04.559 --> 0:10:07.040 nine at Spyglass Hill. Here was Rory on the one 0:10:07.120 --> 0:10:10.640 hundred and nineteen yard fifteenth hole, his sixth of the day. 0:10:11.200 --> 0:10:16.040 Who has some adult spin control here playing downhill seven, 0:10:16.080 --> 0:10:18.160 so it's one hundred and twelve yards and this looks 0:10:18.200 --> 0:10:19.080 pretty good. 0:10:19.520 --> 0:10:25.559 Hotly fluent in Ry Mcklelroy holy. 0:10:25.440 --> 0:10:30.520 Cown straight in no bounced golf channel to call it's 0:10:30.559 --> 0:10:33.800 his third career ace in a professional tournament. Later in 0:10:33.800 --> 0:10:36.360 the day, Shane Lowry from Ireland also had a hole 0:10:36.400 --> 0:10:39.200 in one on a different hole. Chaston Eagles arrived Sunday 0:10:39.240 --> 0:10:41.600 in New Orleans, hosting it's eleven Super Bowl time with 0:10:41.640 --> 0:10:44.400 Miami for the most. NFL says all week they'll be 0:10:44.520 --> 0:10:47.040 increased security in the wake of the terror attack in 0:10:47.080 --> 0:10:50.400 New Orleans. On New Year's John Stanshanwer Bloomberg Sports Kenry 0:10:50.480 --> 0:10:57.520 Nathan Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, and. 0:10:57.640 --> 0:11:00.840 Around the world on Bloomberg dot Com and the Bloomberg 0:11:00.880 --> 0:11:04.920 Business app. This is Bloomberg Dbreak. Good morning. I'm Nathan Hager. 0:11:04.960 --> 0:11:08.160 The investigation continues into the crash of American Eagle Flight 0:11:08.200 --> 0:11:11.920 fifty three forty two of the Blackhawk helicopter outside Washington's 0:11:11.920 --> 0:11:13.160 Reagan National Airport. 0:11:13.520 --> 0:11:15.240 The disaster left no survivors. 0:11:15.320 --> 0:11:18.760 Investigators now have the task of determining how this could 0:11:18.760 --> 0:11:21.360 have happened in one of the most closely monitored skies 0:11:21.720 --> 0:11:23.960 in the country. Joining us now for the latest is 0:11:24.000 --> 0:11:27.079 Benedict Commell. Once again, he's head of global aviation coverage 0:11:27.080 --> 0:11:31.000 for Bloomberg News. Benedict, good morning. As we understand it now, 0:11:31.360 --> 0:11:35.120 the National Transportation Safety Board says it has recovered both 0:11:35.240 --> 0:11:38.040 black boxes from that American Eagle jet. 0:11:38.120 --> 0:11:41.640 What can we expect to learn from that evidence? Good morning, 0:11:42.240 --> 0:11:42.720 Good morning. 0:11:42.800 --> 0:11:45.680 Yes, indeed, those two black boxes have been recovered, and 0:11:45.720 --> 0:11:50.480 that is in any inquiry, and an important line. They 0:11:50.559 --> 0:11:54.520 contain voices from the cockpit. They also contain key metrics 0:11:54.800 --> 0:11:57.760 of the flight performance, and those will be very closely 0:11:57.840 --> 0:12:02.160 read out and then sort of analyzed. That will take time, 0:12:02.200 --> 0:12:05.800 and that is essentially one key line from the NTSB 0:12:05.880 --> 0:12:09.160 that we heard yesterday that this is not a quick turnaround, 0:12:09.320 --> 0:12:11.679 and it never really is. If there's one thing that 0:12:11.720 --> 0:12:15.000 can be said about typical air disaster crashes, if there 0:12:15.080 --> 0:12:18.280 is such a thing, is that it takes time. They 0:12:18.360 --> 0:12:23.160 work slowly, they work methodically. These are professionals, and they 0:12:23.280 --> 0:12:26.760 want to piece all the pieces of evidence back together. 0:12:26.960 --> 0:12:30.480 So they said, give us time, don't rush to any 0:12:30.920 --> 0:12:33.600 quick conclusions. And in some ways that might have been 0:12:33.880 --> 0:12:36.640 a bit of a sort of a nod to what 0:12:36.720 --> 0:12:40.000 happened yesterday in Washington, where there were some rather swift 0:12:40.000 --> 0:12:43.400 pronouncements of what might have happened. So the NTSB sort 0:12:43.400 --> 0:12:45.400 of trying to put a bit of a brake on 0:12:45.440 --> 0:12:47.880 it all and saying, we've got this, let us do 0:12:47.920 --> 0:12:50.920 our work. So the black boxes will be a key 0:12:51.000 --> 0:12:54.280 feature of that. Other areas that will be looked at 0:12:54.480 --> 0:12:59.280 is the communications between the tower and the helicopter and 0:12:59.320 --> 0:13:02.560 the aircraft. Might one of these aircraft have been out 0:13:02.559 --> 0:13:05.720 of position or sort of at a wrong kind of altitude? 0:13:06.640 --> 0:13:08.840 Was that hower properly starts? So there are lots of 0:13:08.960 --> 0:13:12.040 elements to this investigation that will be monitored in the 0:13:12.120 --> 0:13:12.960 next couple of days. 0:13:13.000 --> 0:13:15.679 And we well, Benedict, when can we expect to get 0:13:15.720 --> 0:13:19.320 firmer answers from not just the NTSB, but from so 0:13:19.360 --> 0:13:22.080 many of the other agencies involved in this investigation. The 0:13:22.080 --> 0:13:24.400 fact that we have a black Hawk helicopter involved means 0:13:24.440 --> 0:13:26.360 the Pentagon is part of this as well. 0:13:27.280 --> 0:13:31.000 Yes, you're right, So it is a blend of organizations 0:13:31.000 --> 0:13:33.240 that are monitoring this and that are going through this. 0:13:33.480 --> 0:13:36.720 The NTSB said there will be a pullinary preliminary report 0:13:36.760 --> 0:13:39.439 in thirty days. We don't quite know at this point 0:13:39.520 --> 0:13:43.720 what the Pentagon will say, so won't there will be 0:13:43.760 --> 0:13:47.840 regular updates, but a proper report that will really establish 0:13:47.920 --> 0:13:51.320 what might have happened. That will take time. Now, you 0:13:51.440 --> 0:13:53.880 do have the political component in this, and we've got 0:13:53.920 --> 0:13:56.960 a taste of that yesterday in the press conference by 0:13:57.160 --> 0:14:00.480 President Donald Trump. He was flanked by Sean Duffy, the 0:14:00.559 --> 0:14:05.640 new Transport Secretary, and Pete hess the new Defense Secretary, 0:14:05.880 --> 0:14:07.920 and also j Evans, the Vice President. They were all 0:14:08.000 --> 0:14:10.240 there in the same room and they all spoke, and 0:14:10.800 --> 0:14:15.200 that obviously gave that entire investigation a more sort of 0:14:15.240 --> 0:14:18.319 political tint. So those are sort of the different lines 0:14:18.360 --> 0:14:22.880 of inquiry that will happen in you know, in parallel, 0:14:23.240 --> 0:14:26.400 the NTSB, the Pentagon, and then the political dimension. 0:14:26.640 --> 0:14:29.680 Now, in terms of the political dimension of this, Benedict 0:14:29.760 --> 0:14:32.400 as we heard from the President yesterday, seemed to really 0:14:32.440 --> 0:14:37.080 single out diversity, equity and inclusion programs within the Federal 0:14:37.080 --> 0:14:38.320 Aviation Administration. 0:14:38.520 --> 0:14:39.840 What do we know when. 0:14:39.720 --> 0:14:44.200 It comes to staffing at places like air traffic control. 0:14:44.880 --> 0:14:46.320 Well, the one thing that we do know, and this 0:14:46.400 --> 0:14:49.400 is something that the head of the FAA and others 0:14:49.480 --> 0:14:52.160 in that kind of space have lamented in the past, 0:14:52.200 --> 0:14:55.240 that these are agencies that are understaffed, and it's something 0:14:55.240 --> 0:14:57.040 that has been going on for a long time. This 0:14:57.080 --> 0:15:00.400 isn't just a recent phenomenon. This is something that's gone 0:15:00.520 --> 0:15:03.440 on for a long time and has become more pronounced 0:15:03.720 --> 0:15:06.720 under COVID when a lot of people left the industry 0:15:07.040 --> 0:15:10.000 and have not returned. So this is an industry that 0:15:10.160 --> 0:15:14.520 still struggles with chronic understaffing and as trying to get 0:15:14.560 --> 0:15:18.920 people back in. That's what we can say definitively. Now, obviously, 0:15:18.920 --> 0:15:22.120 Trump went one step further and said we have not 0:15:22.200 --> 0:15:24.840 just too few people, but the wrong types of people 0:15:25.200 --> 0:15:27.440 in these types of jobs. I mean, he said, you know, 0:15:27.520 --> 0:15:30.480 we need brilliant people doing this that those were his words, 0:15:30.520 --> 0:15:33.400 and he said, I'm not quite sure that we have 0:15:33.480 --> 0:15:37.080 those types of people. So he tried to create a 0:15:37.120 --> 0:15:41.680 link between the DEI practices under his predecessor, under President 0:15:41.720 --> 0:15:45.440 Biden and going back as far as President Obama and 0:15:45.640 --> 0:15:50.400 what transpired over the skies of Washington, you know, less 0:15:50.400 --> 0:15:54.040 than forty eight hours ago. So you could say that's 0:15:54.520 --> 0:15:59.800 an unusual politicization of the tragedy, and that is a 0:16:00.080 --> 0:16:03.600 narrative that will be closely watched. Obviously, there's been a 0:16:03.600 --> 0:16:07.040 lot of pushback from those targets already saying this is 0:16:07.080 --> 0:16:10.200 a brazen attempt to beat the blame on somebody else. 0:16:10.240 --> 0:16:13.440 So this back and forth will certainly be and remain 0:16:13.480 --> 0:16:14.960 a feature of this investigation. 0:16:15.280 --> 0:16:18.680 This is Bloomberg Daybreak, your morning podcast on the stories 0:16:18.760 --> 0:16:21.800 making news from Wall Street to Washington and beyond. 0:16:22.040 --> 0:16:24.440 Look for us on your podcast feed by six am 0:16:24.480 --> 0:16:27.880 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:28.080 --> 0:16:30.920 You can also listen live each morning starting at five 0:16:30.960 --> 0:16:33.600 am Wall Street Time on Bloomberg eleven three to zero 0:16:33.680 --> 0:16:36.600 in New York, Bloomberg in ninety nine to one in Washington, 0:16:36.640 --> 0:16:40.600 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:40.800 --> 0:16:42.520 XM Channel one twenty one. 0:16:42.760 --> 0:16:45.480 Plus listen coast to coast on the Bloomberg Business app 0:16:45.520 --> 0:16:48.360 Now with Apple CarPlay and Android Atto interfaces. 0:16:48.560 --> 0:16:51.600 And don't forget to subscribe to Bloomberg News Now. It's 0:16:51.600 --> 0:16:54.360 the latest news whenever you want it in five minutes 0:16:54.440 --> 0:16:57.560 or less. Search Bloomberg News Now and your favorite podcast 0:16:57.600 --> 0:17:01.760 platform to stay informed all day long. I'm Karen Moscow. 0:17:01.560 --> 0:17:02.520 And I'm Nathan Hager. 0:17:02.680 --> 0:17:04.720 Join us again tomorrow morning for all the news you 0:17:04.760 --> 0:17:07.560 need to start your day right here on Bloomberg Dbreak