Jeffrey Epstein Document Release; Trump Pleads with the Supreme Court; Iran Explosion
On today's podcast:
1) Several previously confidential documents related to Jeffrey Epstein were made public in federal court in New York after a yearslong battle over their release.
2) The US Supreme Court will chart the nation’s political future as it confronts a potentially stark choice over efforts to remove Donald Trump from this year’s presidential ballot for trying to overturn his 2020 election loss.
3) Iran said blasts that killed almost 100 people in a central province were aimed at punishing its stance against Israel’s invasion of Gaza, building on signs the war against Hamas could tip into a broader regional conflict.
Full Transcript:
Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with previously confidential documents related to Jeffrey Epstein, now made public in federal court in New York. This follows a year's long battle over their release. The documents were part of a twenty fifteen lawsuit against Epstein associate Glene Maxwell, who's serving a twenty year sentence for sex trafficking. Bloomberg editor Tony Aaron says, most of these documents have been seen, but there'd been redactions. A lot of people had thought there'd be some massive client list or a nice list of names that would be easy for them to follow. It wasn't anything like that. We've been getting about so far, about forty of what's probably going to be hundreds of documents, and in those we've seen names like Bill Clinton, Prince Andrew Britain, and a few others that are all very very familiar and Bloomberg's Tony Aaron says former President Clinton Andrev denied knowing about or participating in Epstein's appropriate conduct. Well, Nathan. Ties to Epstein have led to career downfalls for former Barclay CEO Jess Staley and Apollo Global Management co founder Leon Black, and they've harnished reputations of other high profile figures like Bill Gates and Leslie Wexner, though all have denied knowing about or participating in an inappropriate conduct with Epstein. Virginia Juphrey is the Epstein victim who sued to have these documents released. Paul Pelletier is a former federal prosecutor who's been following the case. Part of the reason why Jeffrey Epstein was prosecuted in New York, or at least was indicted in New York, was because Virginia Giffrey would not stop and former federal prosecutor Paul Pelletier was speaking there. Jeffrey Epstein was charged with sex trafficking in July twenty nineteen, but died by suicide in a Manhattan prison cell before he could stand trial. Okay, Karen, Let's turn to politics in the US now. Former President Donald Trump is now asking the Supreme Court to overturn the ruling and Colorado that has kicked him off that state's primary ballot. Bloomberg Legal editor Eric Latterson says this appeal has a number of possible outcomes. The court could rule, for example, that the Colorado Supreme Court didn't give Trump to process. That's another argument that Trump is making. He's also arguing Detection three of the Fourteenth amend that which you borrow's insurrectionist from holding office federal office, doesn't apply to the office of the presidency, and the Supreme Court could overturn that Colorado decision based only on those findings that they wished, without weighing in on whether Trump was an insurrection In Bloomberg's Eric Larson says the former president faces many ongoing legal cases, but he is still the front runner for the Republican presidential nomination. Now Nathan to an issue that's expected to weigh heavily on voters' minds in the twenty twenty four presidential election. Immigration at the southern border. Republican House Speaker Mike Johnson is pushing for a GOP only border bill, Democrats argue goes too far in securing the US border with Mexico. Johnson led a GOP delegation into the border yesterday as Republicans look to pressure Democrats on border policy changes. The impassover immigration has complicated congressional talks to avert a partial government shut down later this month, and puts more than fifty billion dollars in military at Ukraine at risk should talks collapse. As for rising tensions in the Middle East, care and authorities in Iran say two deadly explosions in a central province our retaliation for its stance against Israel. The US says it has nothing to do with the attacks. Bloomberg's Ed Baxter has the details, and it says neither did Israel. Iran is characterizing them as terror attacks. More than one hundred people killed. The blastnare the grave of Iranian commander Solomane. US State Department quick to respond, spokesman Matthew Miller, I do want to address some of the irresponsible claims that I have seen circulate and say that number one, the United States was not involved in any way, and any suggestion to the contrary is ridiculous, and number two, we have no reason to believe that Israel was involved. Miller says it's in no one's interest to see the conflict escalate, and note it comes a day after an attack in Beyrout that killed in Iran backed Hamas militant leader Ed Baxter Bloomberg Radio, all right, ed, thank you well. Separately, more than a dozen countries we're in the around backed Houthi group in Yemen against continuing their attacks on shipping in the Red Sea. The attacks have disrupted global commerce and triggered a build up of Western naval power in the area. Sources say the US and its allies are considering possible strikes against the Houthis. I'm a concern that the maritime task force launched by Washington may not eliminate this threat to the vital waterway, which normally handles about twelve percent of global commerce. Let's turn out to the economy, Karen and the release of the December FED minutes. Officials expect rates to remain in restrictive territory for some time, but they acknowledge those rates have probably peaked, and Richmond FED President Thomas Barkin says a soft landing is not inevitable. I'd caution you to focus less on the rate path and more on the flight path. Is inflation continuing its descent and is the broader economy continuing to fly smoothly? Conviction on both questions will determine the pace and timing of any change in rates. Richmond Fed president Thomas bark And also did not rule out a March interest rate cut. And in corporate news, Nathan's social media giant TikTok's looking to grow the size of its US e commerce business tenfold to as much as seventeen point five billion dollars this year. Bloombergy tech reporter Alex Spirinka says TikTok's ambitious target may pose a bigger spread to Amazon. Where TikTok is winning is on the fees they're imposing on verchips. They will be raising those fees to six percent in April eight percent in July, but those fees are still lower than Amazon seller fees. On TikTok, They're hoping that you're so engaged in trance and have an emotional connection to the people who are posting these videos that you trust them when they say they like a product, and that makes you want to buy it. And that's Bloomberg's Alex Spirenka. Now for a look at some of the other stories making news around the world, and for that we're joined by Bloomberg's Amy Morris. Samy. Good morning, Good morning, Karen. We're watching a winter storm that's expected to bring snow, rain, and wind to the East this weekend. Bloomberg meteorologist Rob Carolyn has details first significant storm of the season looks like it's headed towards the Northeast and mid Atlantic this weekend. Now, the major cities are probably going to be spared heavy snowfall due to the fact the ocean's still warm, and there'll probably be some mixing with rain and d C Baltimore, also in the New York and Boston area, but north and west of I ninety five, that's where heavier snowfall is likely and less mixing or no mixing at all, and that's going to result in probably a three to six inch snowfall, if not more, north and west of Boston, New York City, and d C and Baltimore. The cities, though d C, Baltimore, New York, and Boston should only end up with about one to three inches as it looks like right now. Now. If this does materialize, it would be the first measurable snow in two years for DC, Baltimore, Philadelphia, and New York. A bomb thread email to officials several states yesterday briefly disrupted government affairs and prompted some state capital evacuations, but the FBI quickly dismissed the threats as a hoax. Connecticut, Georgia, Hawaii, Kentucky, Maine, Michigan, Minnesota, Mississippi, and Montana all the some of the states that evacuated state houses or buildings. Kay Kirkpatrick is a state senator in Georgia. I'm not even sure what would motivate somebody to do something like that that could potential result in loss of life. The FBI says it takes hoax threats very seriously and that investigation is ongoing. We told you how Donald Trump's legal team is appealing to ruling by the main Democratic secretary of State that he is ineligible to appear on the state's GOP primary ballot. Will Fellow GOP presidential candidates have called for that band to be reversed, including former South Carolina Governor Nikki Haley, who says taking Trump off the ballot will lead to more problems. Don't open a door you can't close, and this is a dangerous store to open, and we need the Supreme Court to s been quickly before we have too many states do this still. Haley says she's not surprised to see Trump in a new legal struggle. Scientists say they've developed a new kind of antibiotic to treat dangerous bacteria resistant to most current medicines. The researchers from Harvard University in Hoffman Laroach say the new antibiotic can effectively kill bacteria that cause serious long urinary tract and blood infections. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Amy Morris, and this is Bloomberg Karen right, Amy, Thank you well. As Amy said, we do bring in the news throughout the day here on Bloomberg Radio. But now you can get the latest news on demand, and that means whenever you want it. Just subscribed to Bloomberg News Now. You can get the latest headlines at the click of a button. Get informed right on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com, plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John Stanshower. John Canon, the Lakers have hoisted a Championship enner this season. They won that NBA in season tournament, but overall they're under five hundred. Lost at home to Miami one ten to ninety six. Quiet night for Lebron James only twelve points. He shot six of eighteen. The Lakers have lost three in a row eight of their last ten. The Clippers, meanwhile, have won thirteen their last fifteen point thirty one one twenty two at Phoenix, Paul George scored thirty three points cow while Leonards scored thirty. Look at Gonson's went for forty one. Dallas blew out Portland by twenty nine. New Orleans won at Minnesota. That's the first two game losing streak of the season for the Timberwolves. Two top twenty five teams played. They both lost. Number twenty three Providence beaten by Seaton Hall, sixteenths Bank Clemson lost at Miami. It's week eighteen. A lot of the teams, already knowing that they're going to the playoffs, cannot move up in the seedings, so not surprisingly will not play their starting quarterback this weekend. No Lamar Jackson for the Ravens will be replaced by Tyler Hunley. Joe Flacco will sit out for the Browns. It will be Jeff Driscoll no Patrick Mahomes with a Chiefs Blaine Gabbertt replaces him. Carson Wentz fills in for Matthew Stafford on the Rams, and the forty nine Ers will go with Sam Darnold and sit out Rock part Perty who's going to the Pro Bowl. The forty nine Ers lead the way with nine Pro Bowl players, seven from the Cowboys and Ravens, six from the Dolphins and the Eagles. Trevor Lawrence will play for Jacksonville. The Jaguars, with a win will win the AFC South. He missed last week's game and Josh Allen's got the stinger, but he will play for the Bills in a big game at Miami. John Stashley that we're Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Sirius Exam, the Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager on a morning of busy news flow. Jeffrey Epstein's ties to politics and Wall Street are back in the spotlight with the release of dozens of formerly sealed documents. Donald Trump is taking his fight to stay eligible to run in twenty twenty four to the US Supreme Court, and border politics could run up against Congress's effort to keep the government from starting to shut down in a little more than two weeks. Lots to discuss this morning, and here to do that with us now is Bloomberg News correspondent Bruce Einhorn. Bruce, thanks for being with us. Let's start off with the revelations, if any, that we got from these documents that were in the Jeffrey Epstein case that had really been a year's long effort to get them out. Did they shed any new light on Jeffrey Epstein's crimes, Well, so far there aren't too many surprises. So these are the first of what are expected to be hundreds of documents identifying more than one hundred and fifty people. These are documents that had been filed and redacted as part of a twenty fifteen lawsuit against just Laying Ma Well. She, of course, was an associate of Jeffrey Epstein. She was convicted in twenty twenty one of participating in his crimes. He himself died in prison before he ever went to trial. So some of the names that were in the unsealed documents included former President Bill Clinton, Prince Andrew Written. These are names that had already been out there. Former President Trump not mentioned in these documents, but had been identified in testimony in this case, along with former President Clinton as some of the people who had flown on Jeffrey Epstein's plane. So there's maybe more news, more revelations as more of the documents are unsealed, but for now, no big surprises. Yeah, a lot of people have been following this case. Bruce had been expecting or speculating at least that there might be some kind of client list that's been under seal in New York Federal Court. Do we have any indication at this point that such a list exists and could be unveiled at some point. It's possible. At the moment, we don't know about a client list. No, Okay, let's turn to what might have been the other major story otherwise, former President Trump taking his fight to stay on the ballot at least in Colorado to the United States Supreme Court. This is a notable moment in the twenty twenty four rays yes, and the arguments that former President Trump makes are interesting. He has a couple of different arguments that he makes on why the Colorado Supreme Court aired. First of all, he said that one that it would move would unconstitutionally disenfranchised voters in Colorado and potentially disenfranchised voters elsewhere. He said that his lawyers say that in the filing that that insurrection UH was understood by the framers of the Fourteenth Amendment to mean something very specific. According to form President Trump s luers, it meant taking up arms and waging war against the United States, and that's the way that the fourteenth Amendment should be read now, and therefore it doesn't apply to him. This is his argument. He also argued that the fourteenth Amendment, which says very specifically that this that an officer of the United States who UH engaged in an insurrection is ineligible, that that does not include President of the United States and therefore again shouldn't apply to him. And then he also UH criticized the Supreme the Colorado Supreme Court for relying on evidence from the January fourth Select Committee. He said that that's inadmissible and then also said that the insurrection clause in the fourteenth Amendment isn't self executing. This is an argument that constitutional experts have been having about whether or not it is self executing. That is to say that does Congress need to do anything set up procedures for determining whether someone's violated, or can the court just make that decision itself. These are all the arguments that Trump's making, and you know next step is for to hear with the Supreme Court system. This is Bloomberg day Break Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one Ishington, Bloomberg one oh sixty one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus listen coast to coast on the Bloomberg Business app, SERRIUSXM, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak
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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. 0:00:08.400 --> 0:00:12.400 We begin with previously confidential documents related to Jeffrey Epstein, 0:00:12.480 --> 0:00:15.520 now made public in federal court in New York. This 0:00:15.640 --> 0:00:19.040 follows a year's long battle over their release. The documents 0:00:19.079 --> 0:00:22.120 were part of a twenty fifteen lawsuit against Epstein associate 0:00:22.160 --> 0:00:26.079 Glene Maxwell, who's serving a twenty year sentence for sex trafficking. 0:00:26.320 --> 0:00:30.319 Bloomberg editor Tony Aaron says, most of these documents have 0:00:30.480 --> 0:00:32.800 been seen, but there'd been redactions. 0:00:33.440 --> 0:00:35.800 A lot of people had thought there'd be some massive 0:00:35.880 --> 0:00:39.080 client list or a nice list of names that would 0:00:39.159 --> 0:00:40.400 be easy for them to follow. 0:00:40.440 --> 0:00:41.680 It wasn't anything like that. 0:00:41.720 --> 0:00:44.920 We've been getting about so far, about forty of what's 0:00:44.920 --> 0:00:47.880 probably going to be hundreds of documents, and in those 0:00:47.920 --> 0:00:51.159 we've seen names like Bill Clinton, Prince Andrew Britain, and 0:00:51.240 --> 0:00:53.680 a few others that are all very very familiar. 0:00:53.320 --> 0:00:57.280 And Bloomberg's Tony Aaron says former President Clinton Andrev denied 0:00:57.360 --> 0:01:01.200 knowing about or participating in Epstein's appropriate conduct. 0:01:01.680 --> 0:01:04.440 Well, Nathan. Ties to Epstein have led to career downfalls 0:01:04.440 --> 0:01:08.120 for former Barclay CEO Jess Staley and Apollo Global Management 0:01:08.200 --> 0:01:11.360 co founder Leon Black, and they've harnished reputations of other 0:01:11.440 --> 0:01:15.400 high profile figures like Bill Gates and Leslie Wexner, though 0:01:15.440 --> 0:01:18.640 all have denied knowing about or participating in an inappropriate 0:01:18.760 --> 0:01:22.800 conduct with Epstein. Virginia Juphrey is the Epstein victim who 0:01:22.840 --> 0:01:26.520 sued to have these documents released. Paul Pelletier is a 0:01:26.520 --> 0:01:29.200 former federal prosecutor who's been following the case. 0:01:29.400 --> 0:01:33.680 Part of the reason why Jeffrey Epstein was prosecuted in 0:01:33.680 --> 0:01:35.720 New York, or at least was indicted in New York, 0:01:36.000 --> 0:01:39.520 was because Virginia Giffrey would not stop. 0:01:40.360 --> 0:01:43.919 And former federal prosecutor Paul Pelletier was speaking there. Jeffrey 0:01:43.959 --> 0:01:47.360 Epstein was charged with sex trafficking in July twenty nineteen, 0:01:47.480 --> 0:01:51.040 but died by suicide in a Manhattan prison cell before 0:01:51.120 --> 0:01:52.200 he could stand trial. 0:01:52.440 --> 0:01:55.280 Okay, Karen, Let's turn to politics in the US now. 0:01:55.400 --> 0:01:58.560 Former President Donald Trump is now asking the Supreme Court 0:01:58.600 --> 0:02:01.240 to overturn the ruling and Colorado that has kicked him 0:02:01.240 --> 0:02:05.000 off that state's primary ballot. Bloomberg Legal editor Eric Latterson 0:02:05.080 --> 0:02:07.960 says this appeal has a number of possible outcomes. 0:02:08.200 --> 0:02:10.920 The court could rule, for example, that the Colorado Supreme 0:02:11.040 --> 0:02:15.000 Court didn't give Trump to process. That's another argument that 0:02:15.040 --> 0:02:17.600 Trump is making. He's also arguing Detection three of the 0:02:17.600 --> 0:02:21.040 Fourteenth amend that which you borrow's insurrectionist from holding office 0:02:21.400 --> 0:02:24.400 federal office, doesn't apply to the office of the presidency, 0:02:24.520 --> 0:02:27.640 and the Supreme Court could overturn that Colorado decision based 0:02:27.680 --> 0:02:30.720 only on those findings that they wished, without weighing in 0:02:30.760 --> 0:02:33.000 on whether Trump was an insurrection. 0:02:32.600 --> 0:02:36.040 In Bloomberg's Eric Larson says the former president faces many 0:02:36.080 --> 0:02:39.000 ongoing legal cases, but he is still the front runner 0:02:39.000 --> 0:02:40.799 for the Republican presidential nomination. 0:02:41.400 --> 0:02:44.120 Now Nathan to an issue that's expected to weigh heavily 0:02:44.280 --> 0:02:47.400 on voters' minds in the twenty twenty four presidential election. 0:02:47.760 --> 0:02:51.639 Immigration at the southern border. Republican House Speaker Mike Johnson 0:02:51.760 --> 0:02:55.120 is pushing for a GOP only border bill, Democrats argue 0:02:55.160 --> 0:02:57.840 goes too far in securing the US border with Mexico. 0:02:58.240 --> 0:03:01.360 Johnson led a GOP delegation into the border yesterday as 0:03:01.400 --> 0:03:05.440 Republicans look to pressure Democrats on border policy changes. The 0:03:05.480 --> 0:03:09.560 impassover immigration has complicated congressional talks to avert a partial 0:03:09.600 --> 0:03:12.320 government shut down later this month, and puts more than 0:03:12.360 --> 0:03:16.640 fifty billion dollars in military at Ukraine at risk should 0:03:16.720 --> 0:03:17.560 talks collapse. 0:03:18.000 --> 0:03:20.280 As for rising tensions in the Middle East, care and 0:03:20.320 --> 0:03:24.080 authorities in Iran say two deadly explosions in a central 0:03:24.120 --> 0:03:28.000 province our retaliation for its stance against Israel. The US 0:03:28.040 --> 0:03:30.960 says it has nothing to do with the attacks. Bloomberg's 0:03:31.040 --> 0:03:33.040 Ed Baxter has the details, and. 0:03:32.919 --> 0:03:36.000 It says neither did Israel. Iran is characterizing them as 0:03:36.080 --> 0:03:40.080 terror attacks. More than one hundred people killed. The blastnare 0:03:40.160 --> 0:03:44.160 the grave of Iranian commander Solomane. US State Department quick 0:03:44.160 --> 0:03:46.440 to respond, spokesman Matthew Miller, I do. 0:03:46.400 --> 0:03:48.960 Want to address some of the irresponsible claims that I 0:03:48.960 --> 0:03:52.240 have seen circulate and say that number one, the United 0:03:52.240 --> 0:03:55.920 States was not involved in any way, and any suggestion 0:03:56.200 --> 0:03:59.480 to the contrary is ridiculous, and number two, we have 0:03:59.560 --> 0:04:01.920 no reason to believe that Israel was involved. 0:04:02.000 --> 0:04:04.280 Miller says it's in no one's interest to see the 0:04:04.320 --> 0:04:07.240 conflict escalate, and note it comes a day after an 0:04:07.240 --> 0:04:10.200 attack in Beyrout that killed in Iran backed Hamas militant 0:04:10.280 --> 0:04:12.800 leader Ed Baxter Bloomberg Radio. 0:04:12.720 --> 0:04:15.080 All right, ed, thank you well. Separately, more than a 0:04:15.160 --> 0:04:18.120 dozen countries we're in the around backed Houthi group in 0:04:18.240 --> 0:04:21.520 Yemen against continuing their attacks on shipping in the Red Sea. 0:04:21.839 --> 0:04:25.239 The attacks have disrupted global commerce and triggered a build 0:04:25.279 --> 0:04:28.240 up of Western naval power in the area. Sources say 0:04:28.240 --> 0:04:31.280 the US and its allies are considering possible strikes against 0:04:31.320 --> 0:04:34.640 the Houthis. I'm a concern that the maritime task force 0:04:34.720 --> 0:04:37.760 launched by Washington may not eliminate this threat to the 0:04:37.880 --> 0:04:41.880 vital waterway, which normally handles about twelve percent of global commerce. 0:04:42.200 --> 0:04:44.400 Let's turn out to the economy, Karen and the release 0:04:44.480 --> 0:04:47.320 of the December FED minutes. Officials expect rates to remain 0:04:47.400 --> 0:04:50.920 in restrictive territory for some time, but they acknowledge those 0:04:51.000 --> 0:04:54.559 rates have probably peaked, and Richmond FED President Thomas Barkin 0:04:54.640 --> 0:04:57.120 says a soft landing is not inevitable. 0:04:57.320 --> 0:04:59.599 I'd caution you to focus less on the rate path 0:05:00.080 --> 0:05:02.720 and more on the flight path. Is inflation continuing its 0:05:02.760 --> 0:05:06.400 descent and is the broader economy continuing to fly smoothly? 0:05:06.920 --> 0:05:09.640 Conviction on both questions will determine the pace and timing 0:05:09.800 --> 0:05:10.839 of any change in rates. 0:05:11.040 --> 0:05:13.720 Richmond Fed president Thomas bark And also did not rule 0:05:13.760 --> 0:05:15.480 out a March interest rate cut. 0:05:15.960 --> 0:05:19.479 And in corporate news, Nathan's social media giant TikTok's looking 0:05:19.480 --> 0:05:21.799 to grow the size of its US e commerce business 0:05:21.839 --> 0:05:25.599 tenfold to as much as seventeen point five billion dollars 0:05:25.640 --> 0:05:29.839 this year. Bloombergy tech reporter Alex Spirinka says TikTok's ambitious 0:05:29.839 --> 0:05:32.320 target may pose a bigger spread to Amazon. 0:05:32.560 --> 0:05:35.560 Where TikTok is winning is on the fees they're imposing 0:05:35.600 --> 0:05:36.200 on verchips. 0:05:36.320 --> 0:05:38.120 They will be raising those fees. 0:05:37.839 --> 0:05:40.600 To six percent in April eight percent in July, but 0:05:40.640 --> 0:05:44.240 those fees are still lower than Amazon seller fees. On TikTok, 0:05:44.360 --> 0:05:47.039 They're hoping that you're so engaged in trance and have 0:05:47.080 --> 0:05:49.760 an emotional connection to the people who are posting these 0:05:49.839 --> 0:05:51.840 videos that you trust them when they say they like 0:05:51.880 --> 0:05:53.279 a product, and that makes you want. 0:05:53.120 --> 0:05:53.560 To buy it. 0:05:53.839 --> 0:06:00.680 And that's Bloomberg's Alex Spirenka. Now for a look at 0:06:00.680 --> 0:06:02.640 some of the other stories making news around the world, 0:06:02.680 --> 0:06:04.960 and for that we're joined by Bloomberg's Amy Morris. Samy. 0:06:04.960 --> 0:06:06.280 Good morning, Good. 0:06:06.040 --> 0:06:06.679 Morning, Karen. 0:06:06.720 --> 0:06:10.440 We're watching a winter storm that's expected to bring snow, rain, 0:06:10.520 --> 0:06:14.080 and wind to the East this weekend. Bloomberg meteorologist Rob 0:06:14.160 --> 0:06:16.000 Carolyn has details. 0:06:15.760 --> 0:06:18.240 First significant storm of the season looks like it's headed 0:06:18.240 --> 0:06:20.839 towards the Northeast and mid Atlantic this weekend. Now, the 0:06:20.880 --> 0:06:23.920 major cities are probably going to be spared heavy snowfall 0:06:24.240 --> 0:06:26.080 due to the fact the ocean's still warm, and there'll 0:06:26.120 --> 0:06:28.720 probably be some mixing with rain and d C Baltimore, 0:06:28.760 --> 0:06:31.440 also in the New York and Boston area, but north 0:06:31.480 --> 0:06:34.160 and west of I ninety five, that's where heavier snowfall 0:06:34.240 --> 0:06:36.480 is likely and less mixing or no mixing at all, 0:06:36.880 --> 0:06:38.680 and that's going to result in probably a three to 0:06:38.720 --> 0:06:41.520 six inch snowfall, if not more, north and west of Boston, 0:06:41.600 --> 0:06:44.400 New York City, and d C and Baltimore. The cities, 0:06:44.400 --> 0:06:47.440 though d C, Baltimore, New York, and Boston should only 0:06:47.520 --> 0:06:49.080 end up with about one to three inches as it 0:06:49.080 --> 0:06:50.039 looks like right now. 0:06:50.279 --> 0:06:50.440 Now. 0:06:50.480 --> 0:06:53.520 If this does materialize, it would be the first measurable 0:06:53.600 --> 0:06:57.640 snow in two years for DC, Baltimore, Philadelphia, and New York. 0:06:58.240 --> 0:07:01.799 A bomb thread email to officials several states yesterday briefly 0:07:01.800 --> 0:07:06.159 disrupted government affairs and prompted some state capital evacuations, but 0:07:06.240 --> 0:07:13.800 the FBI quickly dismissed the threats as a hoax. Connecticut, Georgia, Hawaii, Kentucky, Maine, Michigan, Minnesota, Mississippi, 0:07:13.800 --> 0:07:17.320 and Montana all the some of the states that evacuated 0:07:17.360 --> 0:07:20.920 state houses or buildings. Kay Kirkpatrick is a state senator 0:07:21.080 --> 0:07:21.679 in Georgia. 0:07:21.760 --> 0:07:24.360 I'm not even sure what would motivate somebody to do 0:07:24.440 --> 0:07:28.160 something like that that could potential result. 0:07:27.800 --> 0:07:28.600 In loss of life. 0:07:28.640 --> 0:07:31.760 The FBI says it takes hoax threats very seriously and 0:07:31.800 --> 0:07:35.800 that investigation is ongoing. We told you how Donald Trump's 0:07:35.840 --> 0:07:38.600 legal team is appealing to ruling by the main Democratic 0:07:38.600 --> 0:07:41.440 secretary of State that he is ineligible to appear on 0:07:41.480 --> 0:07:45.600 the state's GOP primary ballot. Will Fellow GOP presidential candidates 0:07:45.600 --> 0:07:48.480 have called for that band to be reversed, including former 0:07:48.520 --> 0:07:51.920 South Carolina Governor Nikki Haley, who says taking Trump off 0:07:51.960 --> 0:07:54.320 the ballot will lead to more problems. 0:07:54.400 --> 0:07:56.880 Don't open a door you can't close, and this is 0:07:56.920 --> 0:07:59.480 a dangerous store to open, and we need the Supreme 0:07:59.520 --> 0:08:01.880 Court to s been quickly before we have too many 0:08:01.880 --> 0:08:03.040 states do this still. 0:08:03.040 --> 0:08:05.520 Haley says she's not surprised to see Trump in a 0:08:05.560 --> 0:08:09.000 new legal struggle. Scientists say they've developed a new kind 0:08:09.000 --> 0:08:13.840 of antibiotic to treat dangerous bacteria resistant to most current medicines. 0:08:14.120 --> 0:08:17.600 The researchers from Harvard University in Hoffman Laroach say the 0:08:17.640 --> 0:08:21.679 new antibiotic can effectively kill bacteria that cause serious long 0:08:21.840 --> 0:08:25.760 urinary tract and blood infections. Global news twenty four hours 0:08:25.760 --> 0:08:28.080 a day and whenever you want it with Bloomberg News Now. 0:08:28.240 --> 0:08:31.120 I'm Amy Morris, and this is Bloomberg Karen right, Amy, 0:08:31.160 --> 0:08:31.680 Thank you well. 0:08:31.680 --> 0:08:33.800 As Amy said, we do bring in the news throughout 0:08:33.800 --> 0:08:36.480 the day here on Bloomberg Radio. But now you can 0:08:36.520 --> 0:08:39.520 get the latest news on demand, and that means whenever 0:08:39.600 --> 0:08:43.000 you want it. Just subscribed to Bloomberg News Now. You 0:08:43.040 --> 0:08:45.120 can get the latest headlines at the click of a button. 0:08:45.160 --> 0:08:47.880 Get informed right on your schedule. You can listen and 0:08:47.960 --> 0:08:51.280 subscribe to Bloomberg News Now on the Bloomberg Business app, 0:08:51.320 --> 0:08:55.120 Bloomberg dot Com, plus apples, Spotify, and anywhere else you 0:08:55.200 --> 0:09:02.560 get your podcasts. Time now for the Bloomberg Sports Update. 0:09:02.640 --> 0:09:03.959 Here's John Stanshower. 0:09:04.120 --> 0:09:08.360 John Canon, the Lakers have hoisted a Championship enner this season. 0:09:08.440 --> 0:09:11.840 They won that NBA in season tournament, but overall they're 0:09:11.920 --> 0:09:14.720 under five hundred. Lost at home to Miami one ten 0:09:14.800 --> 0:09:18.440 to ninety six. Quiet night for Lebron James only twelve points. 0:09:18.440 --> 0:09:21.079 He shot six of eighteen. The Lakers have lost three 0:09:21.080 --> 0:09:23.600 in a row eight of their last ten. The Clippers, meanwhile, 0:09:23.880 --> 0:09:26.600 have won thirteen their last fifteen point thirty one one 0:09:26.679 --> 0:09:29.560 twenty two at Phoenix, Paul George scored thirty three points 0:09:29.600 --> 0:09:31.959 cow while Leonards scored thirty. Look at Gonson's went for 0:09:31.960 --> 0:09:35.600 forty one. Dallas blew out Portland by twenty nine. New 0:09:35.679 --> 0:09:38.480 Orleans won at Minnesota. That's the first two game losing 0:09:38.480 --> 0:09:41.360 streak of the season for the Timberwolves. Two top twenty 0:09:41.400 --> 0:09:44.200 five teams played. They both lost. Number twenty three Providence 0:09:44.240 --> 0:09:48.160 beaten by Seaton Hall, sixteenths Bank Clemson lost at Miami. 0:09:48.200 --> 0:09:50.720 It's week eighteen. A lot of the teams, already knowing 0:09:50.720 --> 0:09:52.599 that they're going to the playoffs, cannot move up in 0:09:52.640 --> 0:09:55.640 the seedings, so not surprisingly will not play their starting 0:09:55.679 --> 0:09:58.559 quarterback this weekend. No Lamar Jackson for the Ravens will 0:09:58.559 --> 0:10:01.439 be replaced by Tyler Hunley. Joe Flacco will sit out 0:10:01.480 --> 0:10:04.120 for the Browns. It will be Jeff Driscoll no Patrick 0:10:04.120 --> 0:10:07.920 Mahomes with a Chiefs Blaine Gabbertt replaces him. Carson Wentz 0:10:08.000 --> 0:10:10.440 fills in for Matthew Stafford on the Rams, and the 0:10:10.480 --> 0:10:12.680 forty nine Ers will go with Sam Darnold and sit 0:10:12.760 --> 0:10:15.000 out Rock part Perty who's going to the Pro Bowl. 0:10:15.040 --> 0:10:16.959 The forty nine Ers lead the way with nine Pro 0:10:17.040 --> 0:10:20.640 Bowl players, seven from the Cowboys and Ravens, six from 0:10:20.679 --> 0:10:24.480 the Dolphins and the Eagles. Trevor Lawrence will play for Jacksonville. 0:10:24.520 --> 0:10:27.320 The Jaguars, with a win will win the AFC South. 0:10:27.360 --> 0:10:30.440 He missed last week's game and Josh Allen's got the stinger, 0:10:30.480 --> 0:10:32.040 but he will play for the Bills in a big 0:10:32.080 --> 0:10:35.480 game at Miami. John Stashley that we're Bloomberg Sports. 0:10:39.000 --> 0:10:42.040 From coast to coast, from New York to San Francisco, 0:10:42.360 --> 0:10:47.000 Boston to Washington, DC, nationwide on Sirius Exam, the Bloomberg 0:10:47.040 --> 0:10:51.199 Business app in Bloomberg dot Com. This is Bloomberg Daybreak. 0:10:52.200 --> 0:10:54.840 Good morning, I'm Nathan Hager on a morning of busy 0:10:54.920 --> 0:10:58.440 news flow. Jeffrey Epstein's ties to politics and Wall Street 0:10:58.440 --> 0:11:00.680 are back in the spotlight with the release of dozens 0:11:00.679 --> 0:11:04.199 of formerly sealed documents. Donald Trump is taking his fight 0:11:04.280 --> 0:11:07.000 to stay eligible to run in twenty twenty four to 0:11:07.040 --> 0:11:10.760 the US Supreme Court, and border politics could run up 0:11:10.800 --> 0:11:13.760 against Congress's effort to keep the government from starting to 0:11:13.760 --> 0:11:16.840 shut down in a little more than two weeks. Lots 0:11:16.880 --> 0:11:18.960 to discuss this morning, and here to do that with 0:11:19.040 --> 0:11:22.520 us now is Bloomberg News correspondent Bruce Einhorn. Bruce, thanks 0:11:22.520 --> 0:11:25.199 for being with us. Let's start off with the revelations, 0:11:25.240 --> 0:11:28.400 if any, that we got from these documents that were 0:11:28.440 --> 0:11:31.160 in the Jeffrey Epstein case that had really been a 0:11:31.679 --> 0:11:34.679 year's long effort to get them out. Did they shed 0:11:34.760 --> 0:11:38.880 any new light on Jeffrey Epstein's crimes. 0:11:39.080 --> 0:11:43.480 Well, so far there aren't too many surprises. So these 0:11:43.520 --> 0:11:45.440 are the first of what are expected to be hundreds 0:11:45.440 --> 0:11:49.880 of documents identifying more than one hundred and fifty people. 0:11:50.679 --> 0:11:55.760 These are documents that had been filed and redacted as 0:11:55.880 --> 0:12:00.520 part of a twenty fifteen lawsuit against just Laying Ma Well. She, 0:12:00.679 --> 0:12:04.280 of course, was an associate of Jeffrey Epstein. She was 0:12:04.320 --> 0:12:09.120 convicted in twenty twenty one of participating in his crimes. 0:12:09.440 --> 0:12:13.240 He himself died in prison before he ever went to trial. 0:12:14.400 --> 0:12:18.040 So some of the names that were in the unsealed 0:12:18.080 --> 0:12:23.959 documents included former President Bill Clinton, Prince Andrew Written. These 0:12:23.960 --> 0:12:30.160 are names that had already been out there. Former President 0:12:30.160 --> 0:12:34.679 Trump not mentioned in these documents, but had been identified 0:12:35.679 --> 0:12:39.960 in testimony in this case, along with former President Clinton 0:12:40.679 --> 0:12:44.000 as some of the people who had flown on Jeffrey 0:12:44.000 --> 0:12:51.400 Epstein's plane. So there's maybe more news, more revelations as 0:12:51.559 --> 0:12:55.920 more of the documents are unsealed, but for now, no 0:12:56.000 --> 0:12:56.760 big surprises. 0:12:57.000 --> 0:12:59.079 Yeah, a lot of people have been following this case. 0:12:59.120 --> 0:13:02.679 Bruce had been expecting or speculating at least that there 0:13:02.720 --> 0:13:05.720 might be some kind of client list that's been under 0:13:05.760 --> 0:13:07.959 seal in New York Federal Court. Do we have any 0:13:08.000 --> 0:13:11.000 indication at this point that such a list exists and 0:13:11.160 --> 0:13:13.040 could be unveiled at some point. 0:13:15.800 --> 0:13:20.720 It's possible. At the moment, we don't know about a 0:13:20.720 --> 0:13:21.240 client list. 0:13:21.280 --> 0:13:25.199 No, Okay, let's turn to what might have been the 0:13:25.240 --> 0:13:30.840 other major story otherwise, former President Trump taking his fight 0:13:30.960 --> 0:13:33.840 to stay on the ballot at least in Colorado to 0:13:33.880 --> 0:13:36.480 the United States Supreme Court. This is a notable moment 0:13:36.679 --> 0:13:39.200 in the twenty twenty four rays. 0:13:39.480 --> 0:13:44.760 Yes, and the arguments that former President Trump makes are interesting. 0:13:44.840 --> 0:13:48.160 He has a couple of different arguments that he makes 0:13:48.240 --> 0:13:51.760 on why the Colorado Supreme Court aired. First of all, 0:13:52.040 --> 0:13:57.960 he said that one that it would move would unconstitutionally 0:13:57.960 --> 0:14:02.719 disenfranchised voters in Colorado and potentially disenfranchised voters elsewhere. He 0:14:02.880 --> 0:14:06.280 said that his lawyers say that in the filing that 0:14:06.280 --> 0:14:12.360 that insurrection UH was understood by the framers of the 0:14:12.400 --> 0:14:15.720 Fourteenth Amendment to mean something very specific. According to form 0:14:15.800 --> 0:14:19.400 President Trump s luers, it meant taking up arms and 0:14:19.440 --> 0:14:22.280 waging war against the United States, and that's the way 0:14:22.360 --> 0:14:26.680 that the fourteenth Amendment should be read now, and therefore 0:14:27.680 --> 0:14:30.960 it doesn't apply to him. This is his argument. He 0:14:31.040 --> 0:14:35.480 also argued that the fourteenth Amendment, which says very specifically 0:14:35.560 --> 0:14:38.560 that this that an officer of the United States who 0:14:39.360 --> 0:14:42.960 UH engaged in an insurrection is ineligible, that that does 0:14:43.000 --> 0:14:47.320 not include President of the United States and therefore again 0:14:48.200 --> 0:14:53.320 shouldn't apply to him. And then he also UH criticized 0:14:53.360 --> 0:14:57.720 the Supreme the Colorado Supreme Court for relying on evidence 0:14:58.400 --> 0:15:03.320 from the January fourth Select Committee. He said that that's 0:15:03.480 --> 0:15:07.280 inadmissible and then also said that the insurrection clause in 0:15:07.320 --> 0:15:11.440 the fourteenth Amendment isn't self executing. This is an argument 0:15:11.480 --> 0:15:16.520 that constitutional experts have been having about whether or not 0:15:16.800 --> 0:15:19.600 it is self executing. That is to say that does 0:15:19.720 --> 0:15:22.960 Congress need to do anything set up procedures for determining 0:15:23.000 --> 0:15:26.360 whether someone's violated, or can the court just make that 0:15:26.400 --> 0:15:29.560 decision itself. These are all the arguments that Trump's making, 0:15:29.720 --> 0:15:33.600 and you know next step is for to hear with 0:15:33.600 --> 0:15:34.720 the Supreme Court system. 0:15:37.520 --> 0:15:40.440 This is Bloomberg day Break Today, your morning brief on 0:15:40.520 --> 0:15:44.040 the stories making news from Wall Street to Washington and beyond. 0:15:44.320 --> 0:15:47.040 Look for us on your podcast feed at six am 0:15:47.160 --> 0:15:50.840 Eastern each morning, on Apple, Spotify, and anywhere else you 0:15:50.880 --> 0:15:52.080 get your podcasts. 0:15:52.200 --> 0:15:54.880 You can also listen live each morning starting at five 0:15:54.920 --> 0:15:57.520 am Wall Street time on Bloomberg eleven three to zero 0:15:57.560 --> 0:16:01.040 in New York, Bloomberg ninety nine to one Ishington, Bloomberg 0:16:01.080 --> 0:16:04.080 one oh sixty one in Boston, and Bloomberg nine sixty 0:16:04.200 --> 0:16:05.160 in San Francisco. 0:16:05.520 --> 0:16:08.680 Our flagship New York station is also available on your 0:16:08.720 --> 0:16:13.760 Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty. 0:16:13.840 --> 0:16:17.640 Plus listen coast to coast on the Bloomberg Business app, SERRIUSXM, 0:16:17.760 --> 0:16:22.000 the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager. 0:16:21.800 --> 0:16:24.920 And I'm Karen Moscow. Join us again tomorrow morning for 0:16:25.040 --> 0:16:27.560 all the news you need to start your day right 0:16:27.600 --> 0:16:29.240 here on Bloomberg Daybreak