Baltimore Bridge Collapse, Trump's Trial Date

Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I maybe 0:00:12.200 --> 0:00:15.080 Morris and I'm Karen Moscow. Here are the stories we're 0:00:15.120 --> 0:00:15.960 following today. 0:00:16.520 --> 0:00:19.200 We begin with breaking news in Baltimore and what the 0:00:19.239 --> 0:00:22.840 city's fire department is calling a dire emergency after one 0:00:22.880 --> 0:00:26.040 of the city's major bridges was struck by a container ship. 0:00:26.400 --> 0:00:29.480 Bloomberg Steve Potus has the very latest this morning. 0:00:29.520 --> 0:00:32.800 A portion of the Francis Scott Key Bridge collapsed after 0:00:32.840 --> 0:00:35.320 it was struck by a large vessel. It caught on 0:00:35.440 --> 0:00:39.000 fire before sinking and caused several vehicles to fall into 0:00:39.040 --> 0:00:42.800 the Patapsco River. A spokesperson for the Baltimore Fire Department 0:00:42.840 --> 0:00:46.120 tells the Associated Press that authorities are searching for at 0:00:46.200 --> 0:00:49.080 least seven people believed to be in the water, and 0:00:49.159 --> 0:00:53.000 are calling the collapse a developing mass casualty event. A 0:00:53.040 --> 0:00:56.960 fire department spokesperson says agencies received nine to one one 0:00:56.960 --> 0:01:00.880 calls around one thirty am reporting that a vessel traveling 0:01:00.920 --> 0:01:04.679 outbound from Baltimore struck a column on the bridge. Multiple 0:01:04.760 --> 0:01:08.039 vehicles were reportedly on the bridge at the time, including 0:01:08.120 --> 0:01:11.399 one the size of a tractor trailer. The spokesperson added 0:01:11.400 --> 0:01:14.959 that conditions on the bridge are unstable and unsafe, prompting 0:01:15.040 --> 0:01:20.400 emergency responders to operate cautiously. Baltimore's Mayor, Brandon M. Scott 0:01:20.520 --> 0:01:23.120 posted on x that he is in contact with the 0:01:23.160 --> 0:01:27.040 fire Department, Maryland's governor, and other officials, and that emergency 0:01:27.080 --> 0:01:31.520 efforts are underway in Washington. I'm Steve Potisk Bloomberg Radio. 0:01:31.720 --> 0:01:32.760 All right, Steve, thank you. 0:01:32.760 --> 0:01:35.400 We of course I'll bring you the latest developments all 0:01:35.440 --> 0:01:38.040 morning on the bridge collapse. We now turn to the 0:01:38.160 --> 0:01:41.480 latest legal news involving Donald Trump. Hey federal judge in 0:01:41.520 --> 0:01:43.760 New York denied a motion to delay the hush money 0:01:43.760 --> 0:01:47.240 case against the former president. Judge wanmer Shawn has ordered 0:01:47.280 --> 0:01:50.120 the trial to begin with jury selection on April fifteenth. 0:01:50.360 --> 0:01:53.240 Trump says the trial should have been done long ago. 0:01:53.840 --> 0:01:56.240 They could have started this when I left office. You 0:01:56.280 --> 0:02:00.120 could have gone back three years more than that I 0:02:00.200 --> 0:02:02.480 left office. All of these things could have been started, 0:02:02.520 --> 0:02:05.680 so we wouldn't be quippling over starting this week or 0:02:05.680 --> 0:02:07.600 that week, or two days or three days. It wouldn't 0:02:07.600 --> 0:02:09.680 have mattered. This thing would have been over two years ago. 0:02:10.040 --> 0:02:12.480 Trump called the judge's decision to hold the trial next 0:02:12.520 --> 0:02:16.720 month completely unfair. Because of the timing before the presidential election. 0:02:17.520 --> 0:02:20.680 Meanwhile, Trump's business empire was supposed to be in peril. 0:02:20.800 --> 0:02:23.320 Yesterday Monday was the deadline for Trump to pay a 0:02:23.360 --> 0:02:26.280 bond of more than a half billion dollars or risks 0:02:26.320 --> 0:02:28.959 the state of New York seizing his assets. Well Instead, 0:02:29.000 --> 0:02:32.160 a state appeals court tossed Trump a lifeline, slashing the 0:02:32.200 --> 0:02:34.959 amount he'd have to post to one hundred and seventy 0:02:34.960 --> 0:02:37.400 five million, in amount he says he can cover within 0:02:37.440 --> 0:02:40.400 ten days. The appeals court in Manhattan did not offer 0:02:40.480 --> 0:02:42.600 any explanation behind that decision. 0:02:43.120 --> 0:02:45.800 Wellami, the former president also got some good news on 0:02:45.840 --> 0:02:48.680 the financial front. Shares of the blank Chet company, merging 0:02:48.720 --> 0:02:51.880 with Trump's social media startup are surging as it begins 0:02:51.880 --> 0:02:54.760 trading today. Begin more from Bloomberg's John Tucker. 0:02:55.080 --> 0:02:58.800 Donald Trump's social media company, Trump Media and Technology Group, 0:02:59.120 --> 0:03:02.840 wrapped up a twenty nine month long merger process, meaning 0:03:02.880 --> 0:03:07.000 shares worth billions of dollars on paper are now officially Trump's. 0:03:07.480 --> 0:03:10.079 All told, his net worth increased by more than four 0:03:10.120 --> 0:03:13.120 billion dollars. That means, for the first time ever, Trump 0:03:13.120 --> 0:03:16.000 has joined the ranks of the world's wealthiest five hundred people. 0:03:16.240 --> 0:03:19.520 On the Bloomberg Billionaires Index, with a fortune of six 0:03:19.560 --> 0:03:23.239 point five billion as it stands now, he can't cash 0:03:23.280 --> 0:03:26.560 in on his windfall from Trump Media's merger with Digital 0:03:26.600 --> 0:03:29.680 World acquisition. That's because his shares are locked up for 0:03:29.760 --> 0:03:33.160 roughly six months. John Tucker, Bloomberg Radio, All. 0:03:33.160 --> 0:03:36.160 Right, John, Thanks, and Trump Media and Technology Group will 0:03:36.200 --> 0:03:40.040 trade under the symbol DJT. It's up twenty percent in 0:03:40.120 --> 0:03:40.840 early trading. 0:03:41.400 --> 0:03:44.160 And while Trump's wealth is rising on paper, he is 0:03:44.240 --> 0:03:47.160 losing ground. In the latest Bloomberg News Morning Consolet poll 0:03:47.240 --> 0:03:50.960 on the presidential election, it shows President Biden improving against 0:03:51.000 --> 0:03:54.640 the former president. Bloomberg's Nancy Llons has more on the findings. 0:03:55.000 --> 0:03:57.640 President Biden is in the strongest position yet in the 0:03:57.680 --> 0:04:00.760 monthly poll, within gaining ground in six of seven key 0:04:00.800 --> 0:04:04.200 swing states. He's notching significant gains in at least two 0:04:04.200 --> 0:04:07.720 of them, including Wisconsin, where he now leads former President 0:04:07.760 --> 0:04:11.360 Trump by one point after trailing by four last month. 0:04:11.800 --> 0:04:14.400 He's also gaining in Pennsylvania, where the two are tied 0:04:14.560 --> 0:04:17.800 after Biden was behind by six points in February. The 0:04:17.839 --> 0:04:20.560 two are also tied in Michigan, but Biden still lags 0:04:20.600 --> 0:04:23.880 Trump in four other Crucial states. It's unknown if this 0:04:23.960 --> 0:04:26.000 is a one time bump after Biden's State of the 0:04:26.080 --> 0:04:29.840 Union address or the start of a durable change in Washington. 0:04:29.920 --> 0:04:31.920 Nancy Lyons Bloomberg Radio, all. 0:04:31.880 --> 0:04:35.039 Right, Nancy. Thanks. In geopolitical news, the US is explaining 0:04:35.160 --> 0:04:38.440 why it abstained on the UN Security resolution regarding the 0:04:38.440 --> 0:04:41.400 war in Gozam, and Bloomberg's and Baxter has that story. 0:04:41.839 --> 0:04:44.599 The decision caused Prime Minister Benjamin that and Yahoo to 0:04:44.640 --> 0:04:46.960 call off sending a delegation to the US to talk. 0:04:47.400 --> 0:04:50.320 State Department spokes on Matthew Miller says there were things 0:04:50.360 --> 0:04:52.840 in it that the US agreed with and some that 0:04:52.960 --> 0:04:53.400 it did not. 0:04:53.600 --> 0:04:55.480 The reason we didn't veto it is because there are 0:04:55.520 --> 0:04:58.720 also things in that resolution that were consistent with our 0:04:58.760 --> 0:05:02.120 long term position, most importantly that there should be a 0:05:02.160 --> 0:05:04.920 ceasefire and that there should be a release of hostages, 0:05:05.240 --> 0:05:07.839 which is what we understood also to be the Government 0:05:07.839 --> 0:05:08.719 of Israel's position. 0:05:08.920 --> 0:05:11.599 Now, Miller says the US position has been consistent and 0:05:11.640 --> 0:05:14.080 wishes Israel would look at its plan for a hostage 0:05:14.160 --> 0:05:17.560 release and sees fire at Baxter Bloomberg Radio. 0:05:17.600 --> 0:05:19.520 Thank you, ed. One other note to tell you about 0:05:19.520 --> 0:05:22.360 this morning, The Pentagon says, Defense Secretary Lloyd Austin will 0:05:22.360 --> 0:05:25.839 meet with Israel's Minister of Defense later today. Austin will 0:05:25.920 --> 0:05:28.880 discuss ways to address the Hamas threat other than conducting 0:05:28.880 --> 0:05:30.360 a ground invasion of Rafa. 0:05:30.760 --> 0:05:33.120 Well, we turn to the markets now amy and US 0:05:33.160 --> 0:05:36.160 stock index futures are higher following two consecutive days of 0:05:36.240 --> 0:05:38.719 losses on Wall Street. There are plenty of reasons for 0:05:38.839 --> 0:05:42.480 investors to be cautious. We get the Personal Consumption Expenditures 0:05:42.520 --> 0:05:45.520 price index on Good Friday when markets are closed. FED 0:05:45.600 --> 0:05:47.359 Chair jer Own Powell is due to speak on the 0:05:47.360 --> 0:05:52.039 same day. Sam Stovall, the chief investment strategistics CFRA Research, 0:05:52.120 --> 0:05:54.960 says earnings may be the key for stocks going forward. 0:05:55.520 --> 0:05:58.839 The estimates have been coming down slightly, while the PE 0:05:59.040 --> 0:06:01.480 for the S and P is now trading at a 0:06:01.600 --> 0:06:05.479 thirty three percent premium to its average over the last 0:06:05.520 --> 0:06:09.800 twenty years. And to be a cynic, I think that 0:06:09.920 --> 0:06:13.400 management has done a very good job of managing expectations 0:06:13.440 --> 0:06:17.200 because last quarter was the fifty seventh time out of 0:06:17.200 --> 0:06:21.640 the last fifty nine times that actual results exceeded end 0:06:21.680 --> 0:06:23.040 of quarter estimate. 0:06:23.160 --> 0:06:26.520 And CFIRA sam Stovall notes, as we close out the 0:06:26.560 --> 0:06:29.240 trading quarter. This week, the S and P five hundred 0:06:29.279 --> 0:06:30.719 is up more than nine percent. 0:06:31.400 --> 0:06:34.400 And in company news, a takeover offer has reportedly been 0:06:34.400 --> 0:06:37.039 made for the bankrupt company we Work, and it comes 0:06:37.120 --> 0:06:41.000 from a familiar face, Adam Newman. More from Bloomberg's Doug Prisner. 0:06:41.440 --> 0:06:44.799 Newman as we Work's former CEO. He's also a company 0:06:44.839 --> 0:06:47.880 co founder. Five years ago, Newman was ousted by the 0:06:47.920 --> 0:06:50.800 board and he's been trying to regain control ever since. 0:06:51.000 --> 0:06:53.919 The Wall Street Journal says Newman recently submitted an offer 0:06:53.960 --> 0:06:56.840 to buy the company for more than five hundred million dollars. 0:06:57.200 --> 0:07:00.520 It wasn't immediately clear how Newman would finance the ac acquisition. 0:07:00.800 --> 0:07:03.240 The Journal says Newman's lawyer sent a letter to we 0:07:03.400 --> 0:07:06.320 Works advisors last month saying he was joining with Dan 0:07:06.400 --> 0:07:10.000 Loebe's hedge fund, Third Point and other investors in exploring 0:07:10.000 --> 0:07:12.360 a bid. I'm Doug Krisner, Bloomberg Radio. 0:07:12.640 --> 0:07:13.560 All right, thank you, Doug. 0:07:16.840 --> 0:07:18.120 It's time now for a look at some of the 0:07:18.120 --> 0:07:20.720 other stories making news in New York and around the world. 0:07:20.760 --> 0:07:23.520 And for that we're joined by Bloomberg's Michael Barr. Michael, 0:07:23.560 --> 0:07:24.600 good morning, Good. 0:07:24.360 --> 0:07:27.400 Morning, Karen, a new York City Police officer is paid 0:07:27.480 --> 0:07:30.720 the ultimate price in the line of duty. New York 0:07:30.720 --> 0:07:33.840 City Mayor Eric Adams announcing at a news conference last 0:07:33.920 --> 0:07:37.360 night that the officer, Jonathan Dillar, was shot and killed 0:07:37.400 --> 0:07:40.120 while conducting a vehicle stop in Queen's It. 0:07:40.200 --> 0:07:44.640 Is the good guys against the bad guys, and these 0:07:44.680 --> 0:07:51.200 bad guys are violent. They carry guns in the symbol 0:07:51.280 --> 0:07:54.320 of our public safety, which is that police uniform. 0:07:54.480 --> 0:07:57.840 They have a total disregard for Officer Diller was shot 0:07:57.880 --> 0:08:01.560 in the tour so just below his proof fest. The 0:08:01.640 --> 0:08:04.360 suspect was shot by another officer on the scene. The 0:08:04.400 --> 0:08:09.160 condition of the other suspect remains unclear. A subway rider 0:08:09.320 --> 0:08:11.360 was killed when he was pushed in front of a 0:08:11.440 --> 0:08:13.640 Ford train at one hundred and twenty fifth Street in 0:08:13.720 --> 0:08:17.360 East Harlem. Police say the attack was not provoked. The 0:08:17.400 --> 0:08:19.640 new startled fellow subway riders. 0:08:20.040 --> 0:08:23.320 How do you stop like one person from making like 0:08:23.320 --> 0:08:26.840 an act right like? That's really difficulty in huge sharing 0:08:26.920 --> 0:08:27.560 the system like this. 0:08:28.440 --> 0:08:31.280 A suspect is in custody, and police say the man 0:08:31.360 --> 0:08:34.600 appeared to have a history of mental illness. Meanwhile, New 0:08:34.640 --> 0:08:38.080 York City plans to intensify a crackdown on subway fair 0:08:38.160 --> 0:08:42.520 beating by sending at least eight hundred police officers specifically 0:08:42.600 --> 0:08:46.400 to keep watch on turnstiles. Officials say it's the latest 0:08:46.400 --> 0:08:49.559 in the string of recent moves to address concerns about 0:08:49.600 --> 0:08:54.319 safety and unruliness in the nation's busiest subway system. Law 0:08:54.440 --> 0:08:58.640 enforcement officials have rated two properties owned by Sean Diddy Combs. 0:08:59.040 --> 0:09:02.120 According to AP, the music moguls homes were searched in 0:09:02.200 --> 0:09:07.199 Los Angeles and Miami by Federal Homeland Security Investigation agents 0:09:07.240 --> 0:09:12.000 and other authorities as part of an ongoing sex trafficking investigation. 0:09:12.720 --> 0:09:15.120 The Supreme Court is hearing arguments today in a case 0:09:15.160 --> 0:09:19.160 that could determine access to abortion medication from millions of women. 0:09:19.600 --> 0:09:23.200 The dispute revolves around whether the FDA overstepped its authority 0:09:23.480 --> 0:09:26.480 when it made it easier to get mifipristone, one of 0:09:26.520 --> 0:09:30.760 two drugs used in medication abortion in the Metzger. A 0:09:30.800 --> 0:09:34.760 spokeswoman for Planned Parenthood says it is the biggest abortion 0:09:34.880 --> 0:09:37.880 case since the Justices overturned Roe v. Wade. 0:09:38.320 --> 0:09:42.560 This could upend and jeopardize medication abortion access in all 0:09:42.600 --> 0:09:43.400 fifty states. 0:09:43.600 --> 0:09:44.600 There's a lot of stake. 0:09:44.440 --> 0:09:46.920 And It's really unfortunate that almost two years later, we 0:09:46.920 --> 0:09:49.560 are back at the Supreme Court fighting for our rights. 0:09:49.920 --> 0:09:53.120 Carol Tobias, president of National Rights to Life, says, the 0:09:53.280 --> 0:09:55.520 Justices need to rein in the FDA. 0:09:56.040 --> 0:10:01.240 They are letting their zeal for abortion guide their actions 0:10:01.600 --> 0:10:05.960 and control their actions. I do question their sincerity and 0:10:06.000 --> 0:10:07.680 their expertise in this area. 0:10:08.120 --> 0:10:10.600 The High Court must decide whether to reverse a federal 0:10:10.640 --> 0:10:13.720 appeals Court ruling that cut off access to MCFRA pristone 0:10:13.720 --> 0:10:16.440 through the mail and shorten the time the drug can 0:10:16.480 --> 0:10:19.400 be used from ten weeks to seven. Global news twenty 0:10:19.400 --> 0:10:21.800 four hours a day and whenever you want it with 0:10:21.840 --> 0:10:25.080 the Bloomberg News Now. I'm Michael Barr, and this is 0:10:25.120 --> 0:10:26.000 Bloomberg Karen. 0:10:26.200 --> 0:10:27.360 All right, Michael Barr, thank you. 0:10:27.360 --> 0:10:27.520 Well. 0:10:27.520 --> 0:10:29.559 We do bring you news throughout the day right here 0:10:29.600 --> 0:10:32.240 on Bloomberg Radio. But now, as Michaels said, you can 0:10:32.240 --> 0:10:35.280 get the latest news on demand, and that means whenever 0:10:35.440 --> 0:10:39.200 you want it. You can subscribe to Bloomberg News Now 0:10:39.200 --> 0:10:41.120 to get the latest headlines right at the click of 0:10:41.160 --> 0:10:44.559 a button. Get informed on your schedule. You can listen 0:10:44.600 --> 0:10:48.000 and subscribe to Bloomberg News Now on the Bloomberg Business App, 0:10:48.040 --> 0:10:51.880 Bloomberg dot Com plus Apple, Spotify, and anywhere else you 0:10:51.960 --> 0:10:59.959 get your podcasts. Time now for the Bloomberg Sports Update. 0:11:00.000 --> 0:11:03.280 He brought to you by Tri State Audi. Here's John Stashauer. John, 0:11:03.320 --> 0:11:04.720 Good morning, Good morning Karon. 0:11:04.720 --> 0:11:06.920 A little Knick's history made at the guard and tail 0:11:07.000 --> 0:11:10.240 end of an otherwise uneventful blowout win over the lowly 0:11:10.320 --> 0:11:14.560 Detroit Pistons. Dante Devencenzo made his eleventh three point of 0:11:14.559 --> 0:11:16.840 the game. That's a Nick record. He poured in forty 0:11:16.880 --> 0:11:19.200 points the Knicks one win, twenty four to ninety nine. 0:11:19.360 --> 0:11:22.560 Evencenzo had help from his former Villanova teammates. Jalen Brunson 0:11:22.559 --> 0:11:26.480 scored twenty eight and another triple double for Josh Hart, 0:11:26.520 --> 0:11:28.480 his sixth of the year. Nets ended a six game 0:11:28.520 --> 0:11:31.800 losing streak. They won in Toronto, ninety six to eighty 0:11:31.840 --> 0:11:34.440 eight the league leading Celtics in Atlanta, blew a thirty 0:11:34.480 --> 0:11:37.520 point lead, loss by two. The Wizards won by two 0:11:37.559 --> 0:11:39.760 in Chicago, just their fourteenth win of the season. The 0:11:39.840 --> 0:11:43.480 NCAA Women's Tourney, the final home game for Caitlyn Clarks. 0:11:43.480 --> 0:11:44.280 She scored thirty two. 0:11:44.320 --> 0:11:47.560 Her teammates only added twenty two, but Iowa won by 0:11:47.720 --> 0:11:51.240 ten Ugon beat Syracuse as Husky Star Page. Beckers also 0:11:51.320 --> 0:11:55.239 scored thirty two, and her coach Gino Oriema said Beckers, 0:11:55.360 --> 0:11:58.240 not Clark, is the best player in the nation. News 0:11:58.280 --> 0:12:00.920 broke last week of the firing them Showouts's interpreter and 0:12:01.000 --> 0:12:04.680 close friend Ape Muzaharia for stealing millions from Otani to 0:12:04.720 --> 0:12:08.719 cover his gambling deaths. In the original ESPN report, Musahari 0:12:08.840 --> 0:12:12.240 said Otani himself made payments to an illegal book. He 0:12:12.320 --> 0:12:16.400 later changed his story. Otani, through his new interpreter, made 0:12:16.400 --> 0:12:18.199 his first public comments yesterday. 0:12:18.679 --> 0:12:22.200 I never bet on baseball any other sports, or I 0:12:22.240 --> 0:12:25.840 never have asked somebody to do all might behalf and 0:12:25.920 --> 0:12:31.000 I have never went through a bookmaker to bet on sports. 0:12:31.520 --> 0:12:34.200 Tony says he knew nothing about anything until last week. 0:12:34.280 --> 0:12:36.880 NFL owners meeting in Orlando. They voted to penalize the 0:12:36.920 --> 0:12:40.280 so called hip drop tackle. They voted in the opportunity 0:12:40.280 --> 0:12:44.119 for teams to challenge roughing the passer and intentional grounding penalties. 0:12:44.160 --> 0:12:45.520 They delayed to vote. 0:12:45.320 --> 0:12:48.120 On whether private equity firms can acquire stakes and teams. 0:12:48.400 --> 0:12:50.479 John Stash, Edward Bloomberg, Sports. 0:12:52.240 --> 0:12:56.360 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:12:56.440 --> 0:13:00.000 and around the world on Bloomberg dot Com, Bloomberg Television, 0:13:00.200 --> 0:13:04.040 and the Bloomberg Business app. This is Bloomberg day Break, 0:13:05.360 --> 0:13:05.760 and we. 0:13:05.720 --> 0:13:09.160 Are following some breaking news out of Baltimore on Bloomberg. 0:13:09.240 --> 0:13:12.640 The Francis Scott Key Bridge has collapsed in Baltimore. That 0:13:12.720 --> 0:13:16.480 bridge spans the lower Patapsco River and the outer Baltimore Harbor. 0:13:16.679 --> 0:13:19.240 It carries Maryland Route six P ninety five in Baltimore. 0:13:19.280 --> 0:13:21.560 Some folks may know it as the Baltimore Beltway. It's 0:13:21.600 --> 0:13:23.800 a major thoroughfare. We're going to get the very latest 0:13:23.800 --> 0:13:26.400 now with Bloomberg's Creedy GROUPA. She's been covering this story 0:13:26.440 --> 0:13:29.240 all morning long. She brings us the very latest, Creedy. 0:13:29.280 --> 0:13:30.839 Can you just bring us up to speed on what 0:13:30.960 --> 0:13:31.800 happened this morning? 0:13:31.960 --> 0:13:34.280 So we're still putting the details together, Amy, but we're 0:13:34.320 --> 0:13:36.520 What we do know is that this is a cargo 0:13:36.640 --> 0:13:39.200 ship flagged in Singapore, and what that basically means they 0:13:39.320 --> 0:13:42.240 run the Singapore fag dismissarily mean they're from Singapore that 0:13:42.360 --> 0:13:45.360 hit and the Baltimore Bridge. This is the Francis Scott 0:13:45.360 --> 0:13:49.000 Bridge that we saw, as you mentioned in Baltimore Baltimore 0:13:49.000 --> 0:13:51.240 excuse me, which is the first bridge by the way 0:13:51.400 --> 0:13:53.480 that gets you into the port of Baltimore, that gets 0:13:53.520 --> 0:13:55.960 you into Baltimore Harbor. Now, the reason this is so 0:13:56.080 --> 0:13:58.320 significant because, of course it has been named as a 0:13:58.480 --> 0:14:01.640 mass casualty event, not only by the Mayor of Baltimore, 0:14:01.640 --> 0:14:03.920 but some of the other authorities involved as well. It 0:14:03.960 --> 0:14:07.920 is still a rescue operation. Reports from anywhere between seven 0:14:07.960 --> 0:14:10.600 to twenty people at the moment where you did see 0:14:10.640 --> 0:14:12.880 actually vehicles that were crossing the bridge at the time 0:14:13.160 --> 0:14:15.200 go into the water. So in terms of details of 0:14:15.200 --> 0:14:17.600 what actually happened, that is all we know, but of 0:14:17.640 --> 0:14:19.400 course those details are still rolling in. 0:14:19.960 --> 0:14:22.240 Can you give us an idea of how it looks. 0:14:22.280 --> 0:14:24.640 I know you've been following this from the very beginning. 0:14:24.840 --> 0:14:27.680 We've heard reports it's a partial collapse, but it just 0:14:27.760 --> 0:14:29.560 seems far more serious than that. 0:14:30.000 --> 0:14:31.960 So it is a partial collapse, and that this is 0:14:32.120 --> 0:14:35.320 one part of a bridge that spans a very very 0:14:35.320 --> 0:14:38.160 long way. What's significant about this part of the bridge 0:14:38.400 --> 0:14:41.160 for commuters around the world, around the world and around 0:14:41.160 --> 0:14:43.280 the country that aren't familiar that this is a part 0:14:43.320 --> 0:14:45.200 of the bridge that a lot of people going from 0:14:45.320 --> 0:14:47.720 DC to New York use you kind of use the 0:14:47.760 --> 0:14:50.840 bridge to go around Baltimore and avoid the kind of 0:14:50.840 --> 0:14:53.200 inner city traffic there. So that's why this part of 0:14:53.200 --> 0:14:55.160 the bridge is so significant. That's why they're calling it 0:14:55.200 --> 0:14:58.240 a partial collapse, even though from them images it looks 0:14:58.280 --> 0:15:00.400 like the entire thing fell into water. 0:15:00.960 --> 0:15:02.800 And you had mentioned that this was a ship, a 0:15:02.840 --> 0:15:06.240 cargo ship that had been flagged in Singapore. Do we 0:15:06.320 --> 0:15:09.880 know anything else about that ship? Did it sink, is 0:15:09.920 --> 0:15:11.560 it still there, is it on the scene, what do 0:15:11.600 --> 0:15:11.840 we know? 0:15:12.520 --> 0:15:14.480 It looks like the remnants are still on the scene. 0:15:14.480 --> 0:15:16.480 It did not sink just yet. But remember we're talking 0:15:16.480 --> 0:15:19.360 about a cargo ship that was big enough to strike 0:15:19.560 --> 0:15:22.200 a bridge here. What's also important is that is a 0:15:22.240 --> 0:15:24.680 Singapore flagship. I believe it's called the Dali based on 0:15:24.760 --> 0:15:26.960 just kind of tracking reports that we've gotten, and it's 0:15:26.960 --> 0:15:30.240 actually one that is headed for Colombo, Sri Lanka. So 0:15:30.280 --> 0:15:32.040 we're still waiting on the details of what kind of 0:15:32.120 --> 0:15:33.800 trade it was, whether it was headed eight or out 0:15:33.840 --> 0:15:36.720 of the port, and whether or not this was a 0:15:36.840 --> 0:15:39.840 mechanical failure, whether it was a deliberate action. We don't know. 0:15:39.920 --> 0:15:43.440 These details just yet again, Amy, First and foremost, this 0:15:43.520 --> 0:15:45.520 is a rescue operation. But what we do know about 0:15:45.560 --> 0:15:49.080 the surrounding area is simply that the Interstate Highway I 0:15:49.160 --> 0:15:53.040 six ninety five. I believe the traffic is halted for motorists, 0:15:53.280 --> 0:15:55.440 as is the Port of Baltimore itself. It is not 0:15:55.480 --> 0:15:57.200 taking in any new cargoes at the moment. 0:15:57.480 --> 0:15:59.400 And very briefly you had mentioned it was a mash 0:15:59.440 --> 0:16:02.720 cat mask casualty event. You had said some numbers, can 0:16:02.800 --> 0:16:03.720 you repeat those for us? 0:16:04.120 --> 0:16:06.840 Well, it looks like according to AP about seven people 0:16:06.880 --> 0:16:08.480 were believed to have fallen in the water. You've seen 0:16:08.520 --> 0:16:10.560 report some other news organizations that have bought that number 0:16:10.640 --> 0:16:13.800 up to twenty. So the numbers are still quick, quickly moving, 0:16:13.880 --> 0:16:16.160 and of course an ongoing, developing situation. 0:16:16.560 --> 0:16:19.000 Bloomberg's Creedy Gupta, thank you very much for bringing us 0:16:19.080 --> 0:16:21.280 up to speed this breaking news out of Baltimore. The 0:16:21.320 --> 0:16:25.000 Francis Scott Key Bridge has at least partially collapsed. It 0:16:25.080 --> 0:16:28.480 is a major thoroughfare for commuters. There were cars on 0:16:28.520 --> 0:16:30.960 the bridge when this cargo ship hit it, and we 0:16:31.000 --> 0:16:33.840 will bring you more as we get it. We're going 0:16:33.880 --> 0:16:37.480 to be shifting gears now talking about politics, President Biden 0:16:37.560 --> 0:16:40.800 gaining ground against Donald Trump in six of seven key 0:16:40.880 --> 0:16:43.640 swing states significantly so and at least two of them, 0:16:43.800 --> 0:16:46.560 and the result mix for the Democrats strongest position yet 0:16:46.600 --> 0:16:49.280 in a monthly Bloomberg News Morning Console poll. We're going 0:16:49.320 --> 0:16:51.600 to break down some of these numbers now with Bloomberg 0:16:51.640 --> 0:16:55.000 News Politics reporter Laura Davison. Laura, thank you for taking 0:16:55.040 --> 0:16:57.600 the time. Let's get into this poll. It shows President 0:16:57.640 --> 0:17:00.680 Biden gaining some ground. Where is he traction? 0:17:01.840 --> 0:17:04.560 Yeah, so, really the blue wall states are where you're 0:17:04.600 --> 0:17:08.199 seeing him pick up the most support. So this is Michigan, Wisconsin, 0:17:08.280 --> 0:17:11.280 and Pennsylvania, and these are states that he won in 0:17:11.400 --> 0:17:14.280 a twenty twenty were critical and that you know, while 0:17:14.320 --> 0:17:16.879 there's you know about seven swing states around the country, 0:17:16.880 --> 0:17:18.840 you know, these are the three that Biden has really 0:17:18.880 --> 0:17:20.840 focused on in terms of his travels, in terms of 0:17:20.840 --> 0:17:23.879 his outreach autoworkers, and really where he feels you know 0:17:23.920 --> 0:17:25.800 that he kind of you know, is able to speak 0:17:25.800 --> 0:17:29.440 to voters the most. There's you know, also Nevada, Arizona, 0:17:30.720 --> 0:17:33.280 North Carolina, as well as Georgia, where he actually lost 0:17:33.320 --> 0:17:34.160 ground this month. 0:17:35.160 --> 0:17:38.159 Is where we saw him gaining traction. Is this a 0:17:38.200 --> 0:17:41.080 one time bomp? Is this some sustainable change? Are we 0:17:41.160 --> 0:17:44.480 able to gauge that? So right now, this is just 0:17:44.560 --> 0:17:45.119 one data. 0:17:45.600 --> 0:17:47.440 The one month of data, you know, for this month 0:17:47.480 --> 0:17:50.159 has been this poll has been conducted since October, and 0:17:50.200 --> 0:17:53.399 we've seen Trump with a steady lead and growing. This 0:17:53.480 --> 0:17:55.840 is the first month we've really seen those fortunes reversed 0:17:55.840 --> 0:17:59.000 for Biden and seen his numbers tick up. You know, 0:17:59.040 --> 0:18:01.600 it's a it's this poll was in the field in 0:18:01.640 --> 0:18:04.240 mid March when a couple significant things were happening. This 0:18:04.560 --> 0:18:07.879 when in right after both Trump and Biden clinched the 0:18:07.920 --> 0:18:11.359 nominations for their respective parties, So the race really crystallized 0:18:11.359 --> 0:18:13.200 and solidified for a lot of people knowing that, okay, 0:18:13.200 --> 0:18:15.240 these are going to be the two candidates. The other 0:18:15.280 --> 0:18:17.080 thing that happened right before the poll went into the 0:18:17.119 --> 0:18:19.640 field is Biden had a State at the Union address. 0:18:20.080 --> 0:18:22.119 This was generally lauded as a good speech for the 0:18:22.160 --> 0:18:25.480 president where he had a vibrant speech, was able to 0:18:25.520 --> 0:18:26.959 reach out to a lot of people. So these were 0:18:26.960 --> 0:18:29.680 sort of two favorable things for Biden heading into when 0:18:29.760 --> 0:18:31.280 voters were asked about their preferences. 0:18:33.280 --> 0:18:35.439 Let's talk a little bit about Donald Trump since you 0:18:35.480 --> 0:18:39.040 brought him up, I'm wondering if that had any impact 0:18:39.560 --> 0:18:41.680 on the polling. And what I'm referring to is his 0:18:41.800 --> 0:18:45.160 legal issues. He had a lot of a lot going 0:18:45.200 --> 0:18:48.240 on in court yesterday, which we'll get to, But did 0:18:48.280 --> 0:18:50.600 any of that seem to register with voters or is 0:18:50.600 --> 0:18:51.440 that just wallpaper? 0:18:52.440 --> 0:18:55.240 So for right now, it's wallpaper people. You know, Trump's 0:18:55.280 --> 0:18:57.600 legals issues have been going on for you know, basically 0:18:57.640 --> 0:19:00.640 a year now at this point, with multiple indictments, appearances. 0:19:01.200 --> 0:19:03.000 You know, they have really, you know, kind of bubbled 0:19:03.040 --> 0:19:05.880 up recently with you know, all of these large judgments 0:19:05.920 --> 0:19:07.320 that he has to pay and trying to find the 0:19:07.320 --> 0:19:10.119 financing for that. But what the poll really shows is 0:19:10.680 --> 0:19:12.840 people's opinions on who they're going to vote for or 0:19:12.880 --> 0:19:16.520 not vote for don't really crystallize until or unless Trump 0:19:16.560 --> 0:19:18.879 is convicted of a crime. And given sort of the 0:19:18.880 --> 0:19:21.240 way that a lot of these these trials have been delayed, 0:19:21.800 --> 0:19:23.960 it's not looking like it's very likely that there would 0:19:24.000 --> 0:19:27.480 necessarily be any conviction by the time November rolls around. 0:19:27.640 --> 0:19:29.879 Except for one trial. Right, let's learn more about the 0:19:29.880 --> 0:19:32.520 one that's coming up next month. That's that hush money trial, 0:19:32.880 --> 0:19:35.479 and the judge just yesterday said nope, we're doing this 0:19:35.520 --> 0:19:39.439 April fifteenth jury selection. Let's learn more about that. Donald 0:19:39.440 --> 0:19:41.520 Trump was not delighted with that decision. 0:19:42.480 --> 0:19:44.000 Yes, this is one that they had been trying to 0:19:44.000 --> 0:19:47.240 push further and further. You know, his basically his lawyer's 0:19:47.320 --> 0:19:51.440 argument was, look, any trial before the election is fundamentally unfair. 0:19:52.000 --> 0:19:54.320 This it did get delayed slightly, was supposed to start 0:19:54.520 --> 0:19:59.399 this week, actually was pushed to start April fifteenth. So 0:19:59.400 --> 0:20:02.400 this will be the real test a lot of legal watchers. 0:20:02.800 --> 0:20:05.840 This is the hush money trial looking at a stormy 0:20:05.920 --> 0:20:08.439 channels and a payment made to her back before the 0:20:08.440 --> 0:20:11.160 twenty sixteen election. So this has really seen as the 0:20:11.160 --> 0:20:14.440 weakest of the of the various indictments that are out there. 0:20:14.480 --> 0:20:16.720 But this could really be a test case to see 0:20:17.040 --> 0:20:19.200 both you know, how you know, how things are playing 0:20:19.240 --> 0:20:21.480 out in the courtroom, but also politically, you know, do 0:20:22.080 --> 0:20:25.080 you know, opinions start to shift after people see you know, 0:20:25.119 --> 0:20:27.800 Donald Trump in the courtroom for weeks on end sitting trial. 0:20:28.960 --> 0:20:31.199 Now he also managed to make a lot of money. Yesterday, 0:20:31.240 --> 0:20:34.960 a social media company wrapped up its long merger process 0:20:35.560 --> 0:20:38.399 Trump in one day gained billions of dollars. How's that 0:20:38.440 --> 0:20:40.000 going to impact his campaign? 0:20:41.160 --> 0:20:43.600 So for right now, these are paper gains that he has, 0:20:43.640 --> 0:20:46.640 but he is able to tap this money come October, 0:20:46.680 --> 0:20:48.920 which of course is you know, just weeks before the 0:20:49.240 --> 0:20:52.199 presidential election. But you know, it's it's a really interesting 0:20:52.240 --> 0:20:54.760 dichotomy for Trump right now because he is richer than 0:20:54.840 --> 0:20:57.520 he has ever been. However, he is facing all of 0:20:57.520 --> 0:21:00.520 these strains on his finances. He you know, has you know, 0:21:00.560 --> 0:21:02.920 a judgment, this's one hundred and seventy five million dollar 0:21:03.000 --> 0:21:05.600 payment that was reduced from you know, more than half 0:21:05.600 --> 0:21:08.960 a billion dollars yesterday, but stilly a substantial sum as 0:21:08.960 --> 0:21:11.080 well as legal fees that are mounting. His campaign is 0:21:11.080 --> 0:21:13.520 not doing well financially, so he has a lot of 0:21:13.560 --> 0:21:17.040 financial pressures facing him. 0:21:17.480 --> 0:21:20.760 You are listening to Bloomberg Daybreak today, your morning brief 0:21:20.760 --> 0:21:24.000 on the stories making news from Wall Street to Washington 0:21:24.119 --> 0:21:24.760 and beyond. 0:21:24.960 --> 0:21:27.760 Look for us on your podcast feed at six am 0:21:27.800 --> 0:21:31.480 Eastern each morning on Apple, Spotify, and anywhere else you 0:21:31.560 --> 0:21:32.840 get your podcasts. 0:21:33.080 --> 0:21:36.359 You can also listen live each morning starting at five 0:21:36.400 --> 0:21:39.560 am Wall Street time on Bloomberg eleven three to zero 0:21:39.600 --> 0:21:42.800 in New York Bloomberg ninety nine to one in Washington, 0:21:43.160 --> 0:21:46.760 Bloomberg one oh sixty one in Boston, and Bloomberg nine 0:21:46.840 --> 0:21:48.399 sixty in San Francisco. 0:21:49.200 --> 0:21:52.360 Our flagship New York station is also available on your 0:21:52.400 --> 0:21:57.920 Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. 0:21:58.119 --> 0:22:00.879 Listen coast to coast on the bloom Berg Business app, 0:22:01.119 --> 0:22:07.080 Sirius Xmtheiheartradio app, and on Bloomberg dot Com. I'm Amy Morris. 0:22:07.400 --> 0:22:10.560 And I'm Karen Moscow. Join us again tomorrow morning for 0:22:10.680 --> 0:22:13.200 all the news you need to start your day right 0:22:13.240 --> 0:22:14.879 here on Bloomberg Daybreak