Ukraine & Israel Aid Nears; Trump Trial Opening Statements

Bloomberg Audio Studios, Podcasts, radio News. 0:00:10.000 --> 0:00:13.160 Good morning, I'm Nathan Hager and I'm Karen Moscow. Here 0:00:13.200 --> 0:00:14.960 are the stories we're following today. 0:00:15.200 --> 0:00:18.079 We begin with the deadlock broken in the House over 0:00:18.160 --> 0:00:22.079 billions of dollars in foreign aid. After a six month impassed, 0:00:22.160 --> 0:00:24.720 lawmakers on both sides of the Isle voted to advance 0:00:24.840 --> 0:00:28.960 ninety five billion dollars in assistance to Ukraine, Israel, and Taiwan. 0:00:29.440 --> 0:00:32.559 House Speaker Mike Johnson worked with Democrats and overcame an 0:00:32.560 --> 0:00:35.720 ouster threat from conservatives in his own party to secure 0:00:35.800 --> 0:00:38.840 the three hundred eleven to one hundred twelve vote. House 0:00:38.880 --> 0:00:41.840 Foreign Affairs Chairman Michael McCall says he thinks the speaker's 0:00:41.920 --> 0:00:43.120 job is safe. 0:00:43.400 --> 0:00:46.559 I'm so proud the Speaker, Mike Johnson. He went through 0:00:46.600 --> 0:00:51.040 a transformation. At the end of the day, a profile encourage. 0:00:50.640 --> 0:00:54.280 Is putting the nation above yourself, and that's. 0:00:54.160 --> 0:00:54.680 What he did. 0:00:54.880 --> 0:00:57.840 Foreign Affairs chair Michael McColl spoke on ABC's This Week, 0:00:57.880 --> 0:01:01.280 and Ukrainian President vladimir's Lenski went on NBC's Meet the 0:01:01.280 --> 0:01:04.120 Press to express his gratitude this. 0:01:04.280 --> 0:01:10.040 Aid will strengthen Ukraine and the femline upon powerful signal 0:01:10.480 --> 0:01:14.560 that it will not be the second Afghanistan. The United 0:01:14.600 --> 0:01:17.479 States will stay with Ukraine. 0:01:17.680 --> 0:01:21.119 President Zelenski spoke through an interpreter. Now the Senate plans 0:01:21.160 --> 0:01:24.040 to hold its first votes on the measure tomorrow. Senate 0:01:24.040 --> 0:01:26.880 Intelligence Chairman Mark Warner says, from there, the aide should 0:01:26.880 --> 0:01:28.600 get out relatively quickly. 0:01:28.760 --> 0:01:30.000 Once the President signs. 0:01:31.000 --> 0:01:34.160 We've been told that there is it is the President's signature, 0:01:34.600 --> 0:01:38.080 making sure Congress does its job that these materials will 0:01:38.120 --> 0:01:40.720 be entranted by the end. 0:01:40.560 --> 0:01:41.000 Of the week. 0:01:41.240 --> 0:01:43.880 Senator Warner was a guest on CBS's Face the Nation, 0:01:43.959 --> 0:01:46.760 which airs Sundays on Bloomberg Radio along with Meet the 0:01:46.760 --> 0:01:48.760 Press and ABC's This Week. 0:01:48.880 --> 0:01:50.720 Well Nathan tied to that aid package. 0:01:50.760 --> 0:01:54.240 The House also passed a measure requiring TikTok's owner by 0:01:54.400 --> 0:01:57.000 Dance to sell its stake in the social media firm 0:01:57.280 --> 0:02:00.160 if the Chinese company refuses to divest the platf for 0:02:00.200 --> 0:02:03.000 a maybe band in the United States. Sources have told 0:02:03.000 --> 0:02:05.640 Bloomberg that by Dance intends to fight the effort in 0:02:05.720 --> 0:02:09.080 court before he considers any kind of sale. Meanwhile, the 0:02:09.160 --> 0:02:13.600 TikTok executive who was tasked with easing US lawmaker's concerns 0:02:13.960 --> 0:02:17.120 is reportedly leaving his position. We get more with Bloomberg's 0:02:17.200 --> 0:02:17.680 Ed Baxter. 0:02:18.040 --> 0:02:20.640 The reports say that TikTok is letting him go, saying 0:02:20.680 --> 0:02:23.760 he wasn't doing enough to stave off US security concerns 0:02:23.800 --> 0:02:27.560 regarding its ties with owner Byte Dance in China. Eric 0:02:27.600 --> 0:02:31.320 Anderson's role had been incrementally reduced, but with the passage 0:02:31.360 --> 0:02:34.440 of the divest bill passed by the House over the weekend, 0:02:34.480 --> 0:02:37.919 it looks now more imminent. A TikTok statement said the 0:02:38.000 --> 0:02:41.960 reports were false, but then the publication the information said 0:02:42.000 --> 0:02:45.400 Anderson has informed his legal team that he is leaving 0:02:45.800 --> 0:02:49.960 and that it is his decision. Ed Baxter, Bloomberg Radio. 0:02:50.120 --> 0:02:52.760 Okay, thank you now to the latest on the hush 0:02:52.800 --> 0:02:56.520 money criminal trial of Donald Trump. Opening statements are scheduled 0:02:56.520 --> 0:03:00.320 to begin today in Manhattan. Bloomberg Law hosts June So 0:03:00.440 --> 0:03:01.840 has the latest from New York. 0:03:02.320 --> 0:03:05.560 Donald Trump lost his last ditch effort on Friday to 0:03:05.639 --> 0:03:08.639 convince an appellet court to stop the trial and change 0:03:08.639 --> 0:03:11.840 its location. That clears the way for the prosecution and 0:03:11.880 --> 0:03:16.399 defense to give their opening statements today, outlining their cases 0:03:16.400 --> 0:03:19.240 for the jury of five women and seven men. The 0:03:19.320 --> 0:03:23.520 trial is moving faster than expected, with jury selection completed 0:03:23.600 --> 0:03:27.200 a week earlier than the judge anticipated. In New York, 0:03:27.320 --> 0:03:28.919 June Grosso, Bloomberg Radio. 0:03:29.160 --> 0:03:30.200 Sorry, June, thanks well. 0:03:30.240 --> 0:03:33.480 Turning to Wall Street, It's a very busy week ahead 0:03:33.520 --> 0:03:36.560 for earnings with high profile big tech names and focus, 0:03:36.600 --> 0:03:39.040 and we get a preview from Bloomberg's Charlie Pillett. 0:03:39.200 --> 0:03:42.520 We'll be hearing from the likes of Alphabet, Metal Platforms, Tesla, 0:03:42.600 --> 0:03:46.360 and Microsoft as bulls look to earnings as a catalyst 0:03:46.440 --> 0:03:50.080 to get this year's rally back on track. Victoria Fernandez, 0:03:50.120 --> 0:03:53.360 as chief market strategist at Crossmark Global Investments. 0:03:53.560 --> 0:03:57.000 Thanks for Okay, the market didn't have big moves on that, 0:03:57.080 --> 0:03:59.240 and obviously we haven't hit a lot of those growth 0:03:59.240 --> 0:04:01.720 companies yet and then tend to move the market a 0:04:01.720 --> 0:04:02.440 little bit more. 0:04:02.560 --> 0:04:07.720 Also up this week Boeing, Lockheed, Martin, Northrop, Grumman, Caterpillar, Ford, GM, 0:04:07.920 --> 0:04:11.320 and ge In New York, Charlie Pellett, Bloomberg Radio. 0:04:11.640 --> 0:04:12.400 All right, Charlie. 0:04:12.400 --> 0:04:12.680 Thanks. 0:04:12.880 --> 0:04:15.440 Turning to the bond market, now treasuries are on track 0:04:15.480 --> 0:04:18.520 for their worst month this year. Now a hefty slate 0:04:18.560 --> 0:04:21.000 of auctions could be a major test of whether yields 0:04:21.000 --> 0:04:24.320 have peaked after reaching their highest levels of twenty twenty four. 0:04:24.600 --> 0:04:26.720 The market has to absorb a combined one hundred and 0:04:26.720 --> 0:04:29.400 eighty three billion dollar calendar of two five and seven 0:04:29.480 --> 0:04:31.400 year note sales, the first two of which will be 0:04:31.440 --> 0:04:32.440 at record levels. 0:04:32.800 --> 0:04:33.599 At the end of the week. 0:04:33.680 --> 0:04:37.120 Investors get a crucial inflation reading with the PCE deflator. 0:04:38.000 --> 0:04:39.320 Well Nathan and Company News. 0:04:39.360 --> 0:04:43.440 Tesla spent the weekend cutting prices of its models across China, 0:04:43.600 --> 0:04:46.320 Europe and the US and we get more from Bloomberg's 0:04:46.360 --> 0:04:47.000 Doug Chrisner. 0:04:47.279 --> 0:04:51.360 The discounts followed disappointing first quarter sales and bloated inventory. 0:04:51.680 --> 0:04:54.760 The prices of Tesla's best selling Model Y, as well 0:04:54.800 --> 0:04:57.560 as the Model S and X, were cut by two 0:04:57.560 --> 0:05:00.360 thousand dollars. The company also slashed the the price of 0:05:00.400 --> 0:05:03.760 its driver assistant software by more than thirty percent, and 0:05:03.839 --> 0:05:06.800 on top of that, CEO Elon Musk postponed a plan 0:05:06.920 --> 0:05:09.400 trip to India this week. He had been expected to 0:05:09.400 --> 0:05:13.040 meet with Prime Minister Mody and announce an investment. On Tuesday, 0:05:13.080 --> 0:05:16.680 Tesla will issue first quarter results. It's expected to report 0:05:16.680 --> 0:05:20.960 a forty percent plunge in operating profit, first revenue decline 0:05:21.000 --> 0:05:24.240 in four years in New York. I'm Doug Krisner, Bloomberg Radio. 0:05:24.400 --> 0:05:24.960 Thanks Doug. 0:05:25.000 --> 0:05:27.840 In deal news, Bloomberg News has learned talks for Salesforce 0:05:27.880 --> 0:05:31.320 to take over Informatica have cooled, with both parties struggling 0:05:31.320 --> 0:05:33.440 to agree to terms. The deal would have ranked among 0:05:33.440 --> 0:05:38.120 the largest ever buy Salesforce. Representatives for Salesforce and Informatica 0:05:38.160 --> 0:05:41.160 both declined to comment. Shares of Informatica are down more 0:05:41.200 --> 0:05:42.840 than six percent in early trading. 0:05:43.279 --> 0:05:46.960 Nathan private equity firm Blackstone has made a new proposal 0:05:47.000 --> 0:05:49.760 worth about one and a half billion dollars to purchase 0:05:49.839 --> 0:05:54.120 Hypnosis Song's fund Thattop's a bid made last week by 0:05:54.200 --> 0:05:57.000 music rights investor Conquered And for those of. 0:05:56.880 --> 0:05:59.080 You with time and a lot of money on hand, 0:05:59.320 --> 0:06:00.159 this story. 0:05:59.920 --> 0:06:00.840 Is for you. 0:06:01.040 --> 0:06:04.839 A rare Rolex with a split second chronograph sold for 0:06:04.880 --> 0:06:08.240 three and a half million dollars at auction in Monaco. 0:06:08.360 --> 0:06:11.520 That is a record price for the Rolex four one 0:06:11.520 --> 0:06:14.560 point one three produced in nineteen forty two. It is 0:06:14.600 --> 0:06:17.760 one of just twelve ever made and nine known to exist. 0:06:18.279 --> 0:06:20.760 The watch has a case diameter of one point seven 0:06:20.839 --> 0:06:23.599 three inches. That makes it one of the largest watches 0:06:23.720 --> 0:06:27.480 Rolex ever made. 0:06:28.279 --> 0:06:29.719 And it's time now for a look at some of 0:06:29.600 --> 0:06:32.320 their stories making news in New York and around the world. 0:06:32.320 --> 0:06:35.800 And for that we're joined by Bloomberg's Michael Barr. Welcome back, Michael, 0:06:35.920 --> 0:06:36.760 Thank you very much. 0:06:36.839 --> 0:06:37.159 Karen. 0:06:37.240 --> 0:06:40.560 There's a call for greater security as Passover begins at 0:06:40.600 --> 0:06:44.440 sundown today, as tensions over the Israel Hamas war loom. 0:06:44.720 --> 0:06:49.000 Authorities across the country are showing concern. Rabbi associated with 0:06:49.040 --> 0:06:52.599 Columbia University is urging Jewish students to go home, saying 0:06:52.600 --> 0:06:56.240 the university's public safety and the New York Police Department 0:06:56.600 --> 0:07:00.719 cannot guarantee Jewish student safety. Over the weekend, students with 0:07:00.800 --> 0:07:04.080 sleeping bags refused to leave the grounds of Columbia University. 0:07:04.480 --> 0:07:08.560 The pro Palestinian demonstrators called for the Ivy League Institution 0:07:08.720 --> 0:07:12.920 to divest its stocks, funds, and endowments from companies that 0:07:13.000 --> 0:07:16.960 they say profit from Israel's violations of international law and 0:07:17.080 --> 0:07:21.160 Palestinian human rights, among them. This student of Syrian descent. 0:07:21.280 --> 0:07:27.960 Seeing the parallels, witnessing the level of violence that Palestinians 0:07:27.960 --> 0:07:31.240 and Palstinians in the West Bank Palestinians all across Palestine 0:07:31.280 --> 0:07:34.840 are being subjected to, but especially the genocidalze. 0:07:35.360 --> 0:07:38.920 Some counter protests also popped up, calling for the terror 0:07:39.000 --> 0:07:43.360 network holding Israeli hostages inside Gaza to release them. Riva 0:07:43.440 --> 0:07:46.720 Feinstein is a retired administrator for Columbia. 0:07:46.880 --> 0:07:51.160 The whole thing breaks my heart, and isn't it especially 0:07:51.400 --> 0:07:51.960 I think it's. 0:07:52.040 --> 0:07:54.080 The worst, horrible, most horrible. 0:07:53.800 --> 0:07:56.760 Thing is what's going on with these hostages that it's 0:07:56.760 --> 0:07:58.480 one hundred and ninety eight days today. 0:07:59.440 --> 0:08:02.400 Some ares were made over the weekend when protesters on 0:08:02.440 --> 0:08:06.240 campus refused to leave and tussled with the NYPD. A 0:08:06.240 --> 0:08:09.680 military base in Syria belonging to a US led coalition 0:08:10.120 --> 0:08:13.760 came under rocket fire late on Sunday. That's according to 0:08:13.800 --> 0:08:17.440 a statement from the government affiliated Iraqi Security media Cell. 0:08:18.080 --> 0:08:20.640 It said at least one rocket landed at the base, 0:08:21.000 --> 0:08:24.040 its first reported attack on the US base in the 0:08:24.040 --> 0:08:27.680 Middle East since February. A person has been taken into 0:08:27.720 --> 0:08:31.280 custody after allegedly breaking into the home of Los Angeles 0:08:31.320 --> 0:08:34.720 Mayor Karen Bass. Police say it happened early Sunday morning. 0:08:35.000 --> 0:08:38.440 Police say the unidentified suspect smashed one of the homes 0:08:38.480 --> 0:08:41.920 windows to gain entry before being taken into custody without 0:08:41.920 --> 0:08:46.160 further incident. LAPD Lieutenant James myonachus, it's the. 0:08:46.080 --> 0:08:48.600 Mayor of the city and we're concerned in any resident 0:08:48.640 --> 0:08:51.120 that has somebody just come into their home, so we 0:08:51.200 --> 0:08:52.240 treat this very seriously. 0:08:52.360 --> 0:08:55.880 The Mayor's office says she was at home and was uninjured. 0:08:56.240 --> 0:08:58.679 Global News twenty four hours a day and whenever you 0:08:58.679 --> 0:09:01.480 want it with the Bloomberg New Now Michael Barr, and 0:09:01.640 --> 0:09:03.199 this is Bloomberg. 0:09:02.760 --> 0:09:04.520 Kern, right, Michael Barr, Thank you. 0:09:09.280 --> 0:09:12.360 Time now for the Bloomberry Scores update with John stash Hour. 0:09:12.480 --> 0:09:14.040 John, good morning, Good morning, Carrod. 0:09:14.080 --> 0:09:17.160 After the winningest regular season in club history, obviously high 0:09:17.160 --> 0:09:19.240 hopes for the Rangers and the Stanley Cup Playoffs, Game 0:09:19.240 --> 0:09:21.720 one at the Arden Rangers in Capitol scoreless first period 0:09:21.720 --> 0:09:24.679 than the first Ranger goal the postseason came from an 0:09:24.760 --> 0:09:25.760 unlikely player. 0:09:26.400 --> 0:09:28.960 Rempy carries the puck over the red line with Goodrow 0:09:29.280 --> 0:09:32.280 on left wing. Rank White pass collected by VC off 0:09:32.320 --> 0:09:33.839 the wall, beats it behind. 0:09:33.600 --> 0:09:34.920 An end good Troit tight. 0:09:35.000 --> 0:09:36.800 I score the best. 0:09:37.000 --> 0:09:39.720 Rempy on the doorstep Hen he bangs it home. 0:09:39.960 --> 0:09:42.640 Honey ESP New York rookie Matt Rempy, known more for 0:09:42.679 --> 0:09:45.640 his fighting skills of his goal scoring thirty three seconds later. 0:09:45.720 --> 0:09:47.920 Our Semi Pineren scored minut and a half after that. 0:09:48.000 --> 0:09:51.600 Jimmy VC Rangers beat Washington four to one. Game two 0:09:51.600 --> 0:09:55.520 tomorrow home team's all one Florida, Vancouver and Winnipeg a 0:09:55.559 --> 0:09:58.240 wild one with Colorado. The Jets won seven to six 0:09:58.240 --> 0:10:01.280 to six goals scored in both the first and third periods. 0:10:01.280 --> 0:10:01.840 Home cooking. 0:10:01.880 --> 0:10:04.880 Also in the NBA, Celtics by twenty over Miami, Jason 0:10:04.880 --> 0:10:07.640 Tatum at triple double. Clippers played without the injured Kawhi 0:10:07.679 --> 0:10:11.760 Leonards still beat Dallas easily. Milwaukee was without Gianni sun 0:10:11.760 --> 0:10:15.000 To the Compost still beat Indiana easily. Damian Lillard scored 0:10:15.040 --> 0:10:17.480 thirty five for the Bucks, all of them in the 0:10:17.520 --> 0:10:19.840 first half. Close won last night in Oklahoma City by 0:10:19.880 --> 0:10:24.160 two over New Orleans Nixon Sixers. Game two tonight at MSG, 0:10:24.280 --> 0:10:26.520 the Mets six game win streak came to a crashy haul. 0:10:26.640 --> 0:10:29.200 Dodgers won ten to nothing. A home run for showe 0:10:29.320 --> 0:10:31.120 O Tommy that gave him the record for most by 0:10:31.120 --> 0:10:35.360 a Japanese player, surpassing the x Yankee Hideki Matsui. Yankees 0:10:35.400 --> 0:10:38.360 top Tampa Bay five to four day game today at 0:10:38.360 --> 0:10:40.199 the stadium with Oakland. The only thing that can stop 0:10:40.200 --> 0:10:42.720 Scottie Scheffler the rain at Hilton Head. He'll be back 0:10:42.760 --> 0:10:46.319 early this morning to seemingly finished up another win. Leads 0:10:46.320 --> 0:10:49.280 by five with three holes to play. It'll be Scheffer's 0:10:49.280 --> 0:10:51.959 fourth winning his last five and on the LPGA Tour, 0:10:52.120 --> 0:10:55.640 Nelly Corda has won each of her last five tournaments. 0:10:55.640 --> 0:10:58.480 The only others to do that Nancy Lopez and Anica 0:10:58.559 --> 0:11:02.160 Sorenstain that with Bloomberg Sports. 0:11:03.559 --> 0:11:07.600 Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:07.800 --> 0:11:10.680 and around the world on Bloomberg dot Com and the 0:11:10.720 --> 0:11:15.199 Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm 0:11:15.280 --> 0:11:15.960 Nathan Hager. 0:11:16.120 --> 0:11:19.120 Months of deadlock on aid to Ukraine and Israel are 0:11:19.160 --> 0:11:22.840 finally broken on Capitol Hill. The ninety five billion dollar 0:11:22.960 --> 0:11:25.280 package is headed to the Senate now for the first 0:11:25.360 --> 0:11:29.320 votes expected tomorrow after a bipartisan series of votes in 0:11:29.400 --> 0:11:32.320 the House that had Speaker Mike Johnson facing off with 0:11:32.360 --> 0:11:34.559 hardliners in his own party for more. 0:11:34.600 --> 0:11:35.319 We are joined by. 0:11:35.360 --> 0:11:39.160 Terry Haynes, founder of Pangaea Policy. Terry, Good morning, does 0:11:39.200 --> 0:11:42.880 the passage of this aid blunt geopolitical risk for this market? 0:11:43.960 --> 0:11:48.640 Good morning, Nathan. You know, I think the Ukraine the 0:11:48.679 --> 0:11:52.920 House package is a geopolitical risk positive, but I think 0:11:52.920 --> 0:11:56.120 it's very much outweighed by what's going on in the 0:11:56.160 --> 0:12:00.400 Middle East right now. You know the mark I think 0:12:00.400 --> 0:12:04.480 are taking comfort in the word de escalation, But when 0:12:04.520 --> 0:12:09.240 you've had very serious escalation before people decide they're not 0:12:09.280 --> 0:12:12.200 going to shoot everything they've got at each other, that 0:12:12.400 --> 0:12:15.760 net serious escalation, not de escalation. You know, if you 0:12:15.840 --> 0:12:18.760 have the stock goes up by ten points and then 0:12:18.760 --> 0:12:20.880 it goes down one, you know like that it's not 0:12:20.960 --> 0:12:24.120 going down you got plus nine. And that's kind of 0:12:24.160 --> 0:12:24.960 where we are today. 0:12:25.400 --> 0:12:27.960 And now that this package is heading to the Senate, 0:12:28.080 --> 0:12:31.960 I wonder what that risk of further escalation in the 0:12:31.960 --> 0:12:35.640 Middle East means for the prospects for this package there. 0:12:35.679 --> 0:12:38.000 I've got to think that there would be a number 0:12:38.040 --> 0:12:42.800 of progressive senators who are concerned about the way this 0:12:42.880 --> 0:12:46.160 war has been going in Gaza that might have a 0:12:46.240 --> 0:12:49.560 little bit of pause when it comes to providing further aid. 0:12:49.960 --> 0:12:51.040 Is there that risk there? 0:12:52.160 --> 0:12:52.480 Sure? 0:12:52.679 --> 0:12:52.880 Yeah? 0:12:53.080 --> 0:12:56.520 I think in the end this aid package passes by 0:12:56.559 --> 0:12:59.880 the way, so let's start there. But yeah, absolutely, there 0:13:00.040 --> 0:13:02.079 are a lot of things that could slow this down, 0:13:02.320 --> 0:13:06.800 and concerns about Gazer is right up there at the top. 0:13:07.360 --> 0:13:12.680 Another potential one is the TikTok issue. Not so much 0:13:12.760 --> 0:13:17.080 because there's any lack of concern about TikTok, but there 0:13:17.240 --> 0:13:20.240 is a difference of opinion. There has been a difference 0:13:20.240 --> 0:13:23.600 of opinion in the Senate with the House on exactly 0:13:23.600 --> 0:13:26.240 how you ought to deal with the TikTok issue, So 0:13:26.800 --> 0:13:29.679 there's a potential that that falls out or changes as well. 0:13:29.960 --> 0:13:32.280 And if that happens and the Center ultimately passes a 0:13:32.320 --> 0:13:35.040 bill that isn't identical to the House, then it has 0:13:35.080 --> 0:13:37.640 to go back to the House for another vote, So 0:13:37.679 --> 0:13:39.280 this might get delayed by a week or so. 0:13:39.679 --> 0:13:42.880 The TikTok aspect of this is pretty interesting because it's 0:13:42.960 --> 0:13:46.440 been altered to give by Dance up to a year 0:13:47.360 --> 0:13:52.160 to finish the divestment, which puts it past the November election. 0:13:52.480 --> 0:13:56.040 And any concerns that a lot of lawmakers might have 0:13:56.120 --> 0:13:59.840 about whether this app could have an impact on the 0:14:00.120 --> 0:14:00.960 November election. 0:14:02.280 --> 0:14:05.480 Yeah, it's on that level. I think it's it's a 0:14:05.480 --> 0:14:08.520 little strange. Yeah, at the same time, I think it is. 0:14:10.240 --> 0:14:15.440 The impulse here was primarily fairness, the idea that that 0:14:15.520 --> 0:14:20.240 an immediate divestiture would be unfair to the asset, and 0:14:20.240 --> 0:14:22.440 and and look like some sort of a fire sale, 0:14:22.440 --> 0:14:25.520 and frankly bring up another another series of legal issues. 0:14:25.880 --> 0:14:28.400 So so what they decided to do was give it 0:14:28.480 --> 0:14:31.200 some time to to to find an appropriate buyer. 0:14:32.240 --> 0:14:35.720 In terms of how this got done, Terry House Speaker 0:14:35.800 --> 0:14:39.520 Johnson had to look past an ouster threat to work 0:14:39.520 --> 0:14:42.800 with Democrats to get it done. Is Speaker Johnson's job 0:14:42.840 --> 0:14:43.880 in danger this morning? 0:14:45.880 --> 0:14:48.400 Yeah, certainly there's a threat to it. I do think 0:14:48.480 --> 0:14:54.560 that it's it's less likely that he ends up getting ousted, 0:14:54.600 --> 0:14:57.280 though you know, if I had to put my put 0:14:57.320 --> 0:15:00.760 my quarter somewhere, I'd put it on john staying. 0:15:01.240 --> 0:15:01.360 Uh. 0:15:01.560 --> 0:15:06.040 You know, the vast, vast majority of Republicans want him 0:15:06.080 --> 0:15:09.720 to stay, and I think that continues. I don't I 0:15:09.920 --> 0:15:12.880 don't take lightly the idea that this small band of 0:15:13.920 --> 0:15:17.920 supposed House purists might seek to try to take him down. 0:15:18.600 --> 0:15:23.240 But I think there's there's such disapproval from the from 0:15:23.240 --> 0:15:26.440 the body of Republicans overall that I think it's it's 0:15:26.520 --> 0:15:29.240 unlikely to happen. What these folks seem to be hanging 0:15:29.240 --> 0:15:31.640 their hat on. Is the idea that if there's any 0:15:31.800 --> 0:15:33.560 you know, there, any more than the three that are 0:15:33.560 --> 0:15:36.120 currently now there, well, then Johnson's going to see the 0:15:36.200 --> 0:15:39.160 light and he's gonna, you know, he's going to have 0:15:39.240 --> 0:15:42.040 to resign just to be honorable or something. Well, you know, 0:15:42.160 --> 0:15:45.000 Johnson's already showed you what he's interested in being honorable on, 0:15:45.160 --> 0:15:51.200 which is, among other things, American leadership and globally an 0:15:51.200 --> 0:15:55.480 American foreign policy. He professes not to be concerned about that, 0:15:55.840 --> 0:15:58.000 and I think I'll take it as a word on it. 0:15:58.160 --> 0:16:01.200 This is Bloomberg Daybreak Today, your morning brief on the 0:16:01.240 --> 0:16:04.680 stories making news from Wall Street to Washington and beyond. 0:16:04.920 --> 0:16:07.720 Look for us on your podcast feed at six am 0:16:07.800 --> 0:16:11.440 Eastern each morning, on Apple, Spotify, and anywhere else you 0:16:11.520 --> 0:16:12.680 get your podcasts. 0:16:12.800 --> 0:16:15.520 You can also listen live each morning starting at five 0:16:15.560 --> 0:16:18.120 am Wall Street time, on Bloomberg eleven three to zero 0:16:18.200 --> 0:16:21.080 in New York, Bloomberg ninety nine to one in Washington, 0:16:21.160 --> 0:16:24.000 Bloomberg one oh six to one in Boston, and Bloomberg 0:16:24.080 --> 0:16:25.720 ninety sixty in San Francisco. 0:16:26.160 --> 0:16:29.320 Our flagship New York station is also available on your 0:16:29.360 --> 0:16:34.800 Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. 0:16:34.840 --> 0:16:38.280 Listen coast to coast on the Bloomberg Business app, SERIUSXM, 0:16:38.360 --> 0:16:42.680 the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager. 0:16:42.400 --> 0:16:43.560 And I'm Karen Moscow. 0:16:43.760 --> 0:16:46.520 Join us again tomorrow morning for all the news you 0:16:46.640 --> 0:16:49.880 need to start your day right here on Bloomberg Daybreak 0:17:03.000 --> 0:17:07.920 And by