FBI Investigates Links in New Orleans Attack; Biden to Block Nippon Steel Deal

Bloomberg Audio Studios, Podcasts, radio News. 0:00:10.240 --> 0:00:13.440 Good morning, I'm Nathan Hager and I'm Karen Moscow. Here 0:00:13.440 --> 0:00:15.160 are the stories we're following today. 0:00:15.440 --> 0:00:17.439 Karen, we begin with the latest on the deadly New 0:00:17.520 --> 0:00:20.440 Year's Day attacks in New Orleans and Las Vegas. The 0:00:20.560 --> 0:00:24.120 FBI has found no evidence linking the attacks. It says 0:00:24.160 --> 0:00:26.759 the New Orleans attacker appeared to have drawn his inspiration 0:00:27.080 --> 0:00:30.880 from Islamic State. Christopher Riah is Assistant Deputy Director for 0:00:30.960 --> 0:00:31.520 the FBI. 0:00:32.000 --> 0:00:36.559 This was an act of terrorism, It was premeditated and 0:00:36.640 --> 0:00:41.560 an evil act. At this point, there is no definitive 0:00:41.600 --> 0:00:45.440 link between the attack here in New Orleans and the 0:00:45.479 --> 0:00:46.800 one in Las Vegas. 0:00:47.120 --> 0:00:51.239 Still, FBI Assistant Deputy Director Christopher Raya says there were similarities. 0:00:51.320 --> 0:00:54.560 Both suspects had military backgrounds, and they rented their vehicles 0:00:54.560 --> 0:00:58.160 through the same car sharing app Turo. Investigators do, though, 0:00:58.200 --> 0:01:00.800 believe that both men acted a lot well. 0:01:00.880 --> 0:01:01.160 Nathan. 0:01:01.200 --> 0:01:04.920 President Biden addressed the incidents yesterday, saying he stands with 0:01:05.000 --> 0:01:06.320 the people of New Orleans. 0:01:06.560 --> 0:01:09.680 People in New Orleans are sending an unmistakeable message they 0:01:09.760 --> 0:01:14.360 will not let his attack or the attackers deluded ideology 0:01:14.440 --> 0:01:15.119 overcome US. 0:01:15.680 --> 0:01:18.839 President Biden says he's directing the FBI to continue looking 0:01:18.880 --> 0:01:22.440 for any link to foreign terrorism. President ELEC. Donald Trump 0:01:22.560 --> 0:01:25.520 sought to draw links between the attacks and border policy 0:01:25.640 --> 0:01:28.800 under Biden in a post on social media, despite the 0:01:28.840 --> 0:01:30.640 suspects being US citizens. 0:01:30.800 --> 0:01:34.440 Well, Meantime, in Washington, Karen, lawmakers are curing up for 0:01:34.440 --> 0:01:37.480 a big vote on Capitol Hill. The House of Representatives 0:01:37.640 --> 0:01:40.720 names the new speaker today as the new Congress gets underway, 0:01:40.760 --> 0:01:44.400 and President like Trump says he's going to lobby Republicans 0:01:44.400 --> 0:01:47.320 to back the current speaker, Mike Johnson. Let's get more 0:01:47.319 --> 0:01:51.400 from Bloomberg Zami Morris in Washington. The message from Speaker Johnson. 0:01:51.160 --> 0:01:53.360 We need to stay unified so we can save the country. 0:01:53.360 --> 0:01:54.640 And I think that's an important message. 0:01:54.680 --> 0:01:57.160 Ye Well, Trump acknowledges some lawmakers in the party have 0:01:57.240 --> 0:01:59.720 reservations about allowing Johnson to retain the gabble. 0:02:00.000 --> 0:02:02.200 I think a new support Skicky Johnson. 0:02:02.320 --> 0:02:03.600 Almost everybody likes him. 0:02:03.640 --> 0:02:06.080 Others are very good too, but they have thirty or 0:02:06.120 --> 0:02:08.960 forty people that don't like him, so that's pretty tough. 0:02:09.040 --> 0:02:11.720 The party will hold a narrow majority in the incoming House, 0:02:11.760 --> 0:02:15.880 and Johnson is facing criticism from ultra conservative lawmakers after 0:02:15.960 --> 0:02:18.640 backing a temporary spending bill that failed to include the 0:02:18.639 --> 0:02:21.520 President of elects demands for lifting the dead ceiling. Some 0:02:21.639 --> 0:02:24.280 Republicans are worried that a clash could hamper efforts to 0:02:24.360 --> 0:02:28.000 enact Trump's agenda in Washington. Amy Moore as Bloomberg Radio. 0:02:28.040 --> 0:02:30.280 Right, Amy, thank you. We do have another major political 0:02:30.280 --> 0:02:33.680 note this morning. Sources tell Bloomberg News that President Biden 0:02:33.720 --> 0:02:36.440 will block the sale of US Steel to Japanese own 0:02:36.520 --> 0:02:39.600 nip On Steele, and Bloomberg's John Tucker joins us with 0:02:39.639 --> 0:02:42.000 the details. John, what's the reasoning behind this? 0:02:42.480 --> 0:02:45.400 Good morning, Karen. The President has arked US Steel should 0:02:45.400 --> 0:02:49.840 remain American owned and operated. He's never said outright that 0:02:49.880 --> 0:02:52.480 he would block the deal. The White House planning to 0:02:52.520 --> 0:02:56.200 announce the decision today and now, ironically, the future of 0:02:56.280 --> 0:02:59.320 US Steele is actually in question. The company may have 0:02:59.360 --> 0:03:02.120 to restart the sale process and they could struggle to 0:03:02.160 --> 0:03:05.280 find a buyer for the entire company. Cleveland Cliffs, which 0:03:05.280 --> 0:03:08.440 is based in neighboring Ohio, they pursued US Steel before 0:03:08.560 --> 0:03:11.160 nip On Steel won the bidding, but it has since 0:03:11.200 --> 0:03:15.000 bought a Canadian producer, so they're probably out of the picture. 0:03:15.360 --> 0:03:18.200 The acquisition first announced twelve months ago that became a 0:03:18.200 --> 0:03:21.880 political flash point during the election. Some worry the sale 0:03:21.919 --> 0:03:24.680 of the American company to a foreign entity would amount 0:03:24.720 --> 0:03:28.200 to a national security risk. The fourteen point one billion 0:03:28.200 --> 0:03:31.320 dollar deal may now wind up in court. At US 0:03:31.360 --> 0:03:34.280 steel shares this morning pre market, they are down over 0:03:34.440 --> 0:03:38.200 eight percent. York IM John Tucker, Bloomberg Radio. 0:03:38.040 --> 0:03:40.400 All right, John, thank you. Meanwhile, back in Washington, we're 0:03:40.480 --> 0:03:42.400 learning more about reports of a hack at the US 0:03:42.480 --> 0:03:45.720 Treasury Department, sources tell Bloomberg News. Chinese state sponsored hackers 0:03:45.720 --> 0:03:50.240 broke into the computers of senior Treasury leaders, accessing unclassified 0:03:50.280 --> 0:03:54.440 materials stored locally on their computers. Hackers were said to 0:03:54.440 --> 0:03:57.840 have access drafts and notes for policy decisions, itineraries, and 0:03:58.080 --> 0:04:02.240 travel planning documents, but did not compromise Treasuries email system 0:04:02.600 --> 0:04:04.320 or classified systems. 0:04:04.760 --> 0:04:06.800 Well, we're turning now to the markets, Nathan and US 0:04:06.800 --> 0:04:09.160 stock index futures are higher as the S and P 0:04:09.280 --> 0:04:13.120 looks to snappy five day losing streak. Investors get some 0:04:13.240 --> 0:04:16.440 hints on the economy today with figures on US manufacturing 0:04:16.520 --> 0:04:19.840 do out and longer term traders are searching for policy 0:04:19.920 --> 0:04:24.000 clarity from a second Trump administration. At Yar Denny, president 0:04:24.000 --> 0:04:27.440 at Your Denny Research tells us despite political instability, he 0:04:27.560 --> 0:04:29.799 remains optimistic about US equities. 0:04:30.040 --> 0:04:34.480 I've been in the stay home camp versus go global 0:04:34.600 --> 0:04:38.680 since twenty ten. In other words, from a US perspective, 0:04:38.760 --> 0:04:43.200 I've been recommending that US investors overweight the US relative 0:04:43.200 --> 0:04:45.719 to the global economy. And oh, by the way, for 0:04:45.760 --> 0:04:48.880 global investors, I've been basically saying the same thing. You 0:04:48.880 --> 0:04:50.560 want to overweight the United. 0:04:50.240 --> 0:04:53.520 States at Your Denny with Your Denny Research, says the 0:04:53.560 --> 0:04:56.800 strength and resilience of the US economy gives him optimism 0:04:56.839 --> 0:04:58.520 about stocks in the coming years. 0:04:58.640 --> 0:05:01.640 You want markets overseas and China's I'm sure you want 0:05:01.680 --> 0:05:04.680 as we can past seven point three per dollar. That's 0:05:04.720 --> 0:05:08.320 the level Chinas been defending since late last year. The 0:05:08.360 --> 0:05:12.120 breach reflects concerns over China's economic struggles and a widening 0:05:12.200 --> 0:05:15.200 bond yield discount to the US. It could signal the 0:05:15.200 --> 0:05:18.480 People's Bank of China's looking to accommodate mounting growth pressures 0:05:18.800 --> 0:05:20.080 through a weaker currency. 0:05:20.720 --> 0:05:24.040 Well. Nathan, turning to some individual US companies now shares 0:05:24.040 --> 0:05:27.200 of Tesla, They're up at one point three percent this morning. 0:05:27.240 --> 0:05:30.200 That's after the ev giant announced annual sales drops for 0:05:30.240 --> 0:05:32.960 the first time in more than a decade. Bloomberg's David 0:05:32.960 --> 0:05:35.240 Welch says it's a growing concern for the car maker. 0:05:35.520 --> 0:05:38.840 Tesla has more competitors in the US now, GM has 0:05:38.880 --> 0:05:41.559 a lot of evs out, Hyundai and Kia do as well, 0:05:41.760 --> 0:05:44.040 and then in China, of course they've got big competition 0:05:44.120 --> 0:05:47.159 with BYD and the other domestic players there. So Tesla 0:05:47.200 --> 0:05:51.160 no longer has this this stranglehold on the market that's 0:05:51.160 --> 0:05:53.440 been happening for a while, and I think it's gathering steam. 0:05:53.680 --> 0:05:57.280 Bloomberg's David Welch says. Slumping sales for Tesla come despite 0:05:57.360 --> 0:06:00.000 a year end push that sent deliveries to a record 0:06:00.240 --> 0:06:05.159 in the fourth quarter. Time now for a look at 0:06:05.200 --> 0:06:07.159 some of the other stories making news in New York 0:06:07.279 --> 0:06:08.919 and around the world, and for that we're joined by 0:06:08.960 --> 0:06:10.159 Bloomberg's Michael Barr. 0:06:10.200 --> 0:06:13.240 Michael, Good morning, Good morning Karen. If you ask the 0:06:13.320 --> 0:06:17.680 Port Authority and the MTA, it's happening. New Jersey drivers 0:06:17.680 --> 0:06:20.839 soon will pay more if they go to Manhattan. The 0:06:20.920 --> 0:06:24.120 Poort Authority announced that new congestion pricing rates will go 0:06:24.120 --> 0:06:27.320 into effect starting this Sunday. It will affect any driver 0:06:27.520 --> 0:06:30.600 entering from sixtieth Street in Manhattan and below all the 0:06:30.640 --> 0:06:33.960 way down to New York's Financial District. However, a judge 0:06:34.000 --> 0:06:36.480 will issue a decision today on whether to stop the 0:06:36.520 --> 0:06:40.240 tolling plan. The hearing today is at three PM, and 0:06:40.520 --> 0:06:44.000 New Jersey lawmakers aren't giving up. Tom Bracken is with 0:06:44.080 --> 0:06:46.479 the New Jersey Chamber of Commerce. 0:06:46.360 --> 0:06:48.440 The slap in the face that New York is giving 0:06:48.520 --> 0:06:52.680 us to ask us to pay for their Metropolitan Transit 0:06:52.920 --> 0:06:56.200 financial shortfall is absolutely disgusting. 0:06:56.400 --> 0:07:00.120 Audio courtesy of ABC seven. The MTA fired by back 0:07:00.160 --> 0:07:03.320 at New Jersey lawmakers, saying in a statement, nobody in 0:07:03.360 --> 0:07:06.560 their right mind should take transportation advice from the New 0:07:06.640 --> 0:07:10.360 Jersey politicians who will woefully failed to manage transit in 0:07:10.400 --> 0:07:13.720 their state. Police in southern California say two people are 0:07:13.800 --> 0:07:17.000 dead and nineteen others injured after a small plane crash 0:07:17.040 --> 0:07:20.280 to the roof of a furniture manufacturing building. The accident 0:07:20.360 --> 0:07:23.640 near the Fullerton Municipal Airport in Orange County caused a 0:07:23.680 --> 0:07:27.000 fire and prompted the evacuation of at least two hundred workers. 0:07:27.400 --> 0:07:31.920 The FAA and NTSB are investigating and say the aircraft 0:07:32.040 --> 0:07:36.360 is a four seat, single engine aluminum airplane. The NTSB's 0:07:36.440 --> 0:07:37.960 Elliot Simpson, it's. 0:07:37.840 --> 0:07:39.080 A kit built airplane. 0:07:39.120 --> 0:07:41.520 It's a very popular airplane. It's about eleven hundred of 0:07:41.520 --> 0:07:45.000 the movement built and about eleven thousand Vans aircraft have 0:07:45.040 --> 0:07:48.080 been built, so it's a pretty popular kit built airplane. 0:07:48.120 --> 0:07:51.560 The NTSB's Elliot Simpson also says shortly after take off, 0:07:51.600 --> 0:07:54.360 the pilot called for an immediate return to the airport. 0:07:55.120 --> 0:08:00.000 At the White House, President Biden presented twenty Presidential Citizens Medals. 0:08:00.000 --> 0:08:04.600 Recipients include former Wyoming Republican Representative List Cheney, who served 0:08:04.640 --> 0:08:07.720 as the vice chair of the House January sixth Committee. 0:08:07.880 --> 0:08:12.160 Biden applauding the honorees and says they have performed exemplary 0:08:12.320 --> 0:08:15.600 deeds of service for their country or their fellow citizens. 0:08:15.920 --> 0:08:20.680 Our democracy begins and ends the duties of citizenship. That's 0:08:20.720 --> 0:08:23.600 our work for the ages. That's for all of you. 0:08:24.000 --> 0:08:25.160 I mean this, all of you. 0:08:25.240 --> 0:08:25.720 Embody. 0:08:26.720 --> 0:08:30.520 Also receiving the award, Democratic Representative Benny Thompson, who chaired 0:08:30.560 --> 0:08:34.160 the January sixth committee. Meanwhile, President elect Trump says those 0:08:34.160 --> 0:08:36.840 who were on the committee should be jailed. Global News 0:08:36.840 --> 0:08:39.240 twenty four hours a day and whenever you want it 0:08:39.280 --> 0:08:42.560 with Bloomberg News now him Michael barrn. This is Bloomberg Carey. 0:08:42.760 --> 0:08:49.520 All right, Michael barr thank you time now for the 0:08:49.520 --> 0:08:52.720 Bloombery Sports Update, brought to you by Tri State OUDI. 0:08:52.800 --> 0:08:54.000 Here's John Stashauer. 0:08:54.080 --> 0:08:56.760 John, good morning, Good morning care And they expanded college 0:08:56.760 --> 0:08:58.400 football boy off now down to the field. 0:08:58.400 --> 0:08:59.000 It used to be. 0:08:59.200 --> 0:09:01.800 Four teams remain and they are four of the seven 0:09:01.920 --> 0:09:04.320 winning this teams in college football history. A week from 0:09:04.360 --> 0:09:07.240 tonight in Dallas, Texas would play Ohio State. The night 0:09:07.280 --> 0:09:11.120 after a semifinal game in Miami, Penn State against Notre Dame, 0:09:11.200 --> 0:09:13.480 the Fighting Iris took on Georgia and the Sugar Bowl 0:09:13.480 --> 0:09:16.280 in New Orleans. And this was how the second half began. 0:09:16.800 --> 0:09:18.559 Here's a kick to start the half. 0:09:18.600 --> 0:09:21.200 Jaydon Harrison making a chance here, going to bring it 0:09:21.200 --> 0:09:23.319 out from his own two yard line, cuts it. 0:09:23.280 --> 0:09:24.440 In side, takes it out to the. 0:09:24.440 --> 0:09:25.640 Far slide across the numbers. 0:09:25.720 --> 0:09:27.040 Hold on the far sideline. 0:09:27.160 --> 0:09:32.559 Jane Harrison hit the checks across midfield forty thirty tway ten. 0:09:33.000 --> 0:09:35.800 HiT's a touchdown kick off. 0:09:35.800 --> 0:09:38.920 Return to Chandan Harrison. 0:09:38.559 --> 0:09:41.319 Ninety eight yards. Notre Dame Network Irish won twenty three 0:09:41.480 --> 0:09:44.240 ten over Name scored seventeen points in a fifty four 0:09:44.360 --> 0:09:47.000 second span. The four teams that had first round by 0:09:47.160 --> 0:09:49.600 is all lost to the teams that won in the 0:09:49.600 --> 0:09:51.520 first round at the Garden and went for the Rangers 0:09:51.800 --> 0:09:53.600 first period goal stood up two to one over the 0:09:53.600 --> 0:09:56.680 Bruins ends the Rangers four game losing streak at Ubs, 0:09:56.720 --> 0:09:59.880 same score, Toronto top the Islanders. Capitals lost to the 0:10:00.120 --> 0:10:02.320 Wild four to three. Good win for the Nets one 0:10:02.440 --> 0:10:04.680 thirteen to one ten in Milwaukee, twenty six points for 0:10:04.720 --> 0:10:07.880 Cam Johnson, thirty three for Jason Tatum. Celtics one at 0:10:07.880 --> 0:10:11.200 Minnesota one eighteen one fifteen Golden State Blue out Philly 0:10:11.280 --> 0:10:14.920 by thirty four. Steph Curry took eight three pointers, made 0:10:14.920 --> 0:10:18.040 all eight. The Thunder beat the Clippers. That's thirteen wins 0:10:18.080 --> 0:10:20.760 in a row for Oklahoma City, who tonight will host 0:10:20.760 --> 0:10:22.920 the Knicks. They've got a nine game winning streak of 0:10:22.960 --> 0:10:25.520 their own. This will be the second game that Knicks 0:10:25.520 --> 0:10:27.760 fans who have Optimum Cable will not be able to 0:10:27.800 --> 0:10:30.600 watch due to the dispute with the MSG network. Pro 0:10:30.640 --> 0:10:33.199 Bowl rosters out the Ravens led the way with nine 0:10:33.280 --> 0:10:36.760 selections the Lions at seven. Washington's Jaden Daniels only the 0:10:36.800 --> 0:10:40.120 fourth rookie quarterback to be named Giants Dexter Lawrence name 0:10:40.160 --> 0:10:41.840 for the third straight year. The Jets one of only 0:10:41.880 --> 0:10:45.760 four teams without a pro bowler. John Stashewer Bloomberg Sports, 0:10:45.840 --> 0:10:46.800 Karen and Nathan. 0:10:48.840 --> 0:10:53.319 Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, and. 0:10:53.360 --> 0:10:56.559 Around the world on Bloomberg dot Com and the Bloomberg 0:10:56.600 --> 0:10:57.200 Business app. 0:10:57.520 --> 0:10:59.120 This is Bloomberg Day Break. 0:10:59.320 --> 0:11:02.280 Good morning, Nathan Hager. The scenes are getting back to normal, 0:11:02.320 --> 0:11:05.760 but the investigations continue into the deadly New Year's Day 0:11:05.840 --> 0:11:09.040 truck attack in New Orleans and cyber truck explosion in 0:11:09.120 --> 0:11:12.280 Las Vegas. President Biden says he has directed authorities to 0:11:12.360 --> 0:11:14.679 accelerate their probes into both attacks. 0:11:15.200 --> 0:11:17.600 We're also continuing to investigate whether or not there's any 0:11:17.600 --> 0:11:20.800 connection between the New Orleans attack and the explosion in 0:11:20.880 --> 0:11:25.640 Las Vegas as of now. As of now, they've just 0:11:25.760 --> 0:11:28.400 been briefed there have not found any evidence of such 0:11:28.440 --> 0:11:29.400 a connection thus far. 0:11:29.640 --> 0:11:32.320 President Biden spoke from the White House for more on 0:11:32.360 --> 0:11:34.720 this and all the political news this morning, were joined 0:11:34.720 --> 0:11:37.760 by Bloomberg News Senior editor Bill Ferries. So, Bill, we 0:11:37.840 --> 0:11:40.880 just heard the President say that they've found no credible 0:11:40.920 --> 0:11:44.520 link between the attacks at this point, but these incidents 0:11:44.559 --> 0:11:46.959 do share some pretty striking similarities. 0:11:47.000 --> 0:11:50.200 Good morning, Hey, good morning, Thanks for having me. It 0:11:50.240 --> 0:11:54.680 is a really unusual situation, both of these attacks taking 0:11:54.720 --> 0:11:58.760 place on New Year's Day. The suspect in that New 0:11:58.840 --> 0:12:04.079 Orleans attack an Army veteran who rented his vehicle on 0:12:04.120 --> 0:12:07.839 the app on the app Turo and had served at 0:12:07.880 --> 0:12:10.000 what was known as Fort Bragg at one point and 0:12:10.120 --> 0:12:15.120 had been in Afghanistan. The suspect confirmed dead and then 0:12:15.280 --> 0:12:19.120 Las Vegas attacks shared basically all of those same attributes. 0:12:19.280 --> 0:12:22.920 They were both in Afghanistan in two thousand and nine, 0:12:23.160 --> 0:12:25.880 they had both passed through He had passed through Fort 0:12:25.920 --> 0:12:30.160 Bragg and also rented the cyber truck on Turo and 0:12:30.200 --> 0:12:32.680 then drove it to Las Vegas. That said, at this 0:12:32.880 --> 0:12:37.120 point in an investigation, police and federal officials would have 0:12:37.160 --> 0:12:41.440 looked through phones and computers and things like that. I 0:12:41.480 --> 0:12:44.320 think ultimately what they're finding is that there was no 0:12:44.360 --> 0:12:47.560 communication between these two people. They don't seem to have 0:12:47.640 --> 0:12:52.719 anything in common. Besides what they did on January first. 0:12:53.040 --> 0:12:56.280 Just the fact that in the cyber truck incident, the 0:12:56.320 --> 0:13:00.240 suspect in that case was an Army green beret has 0:13:00.280 --> 0:13:03.080 to be sending a shutter through the Army for a 0:13:03.160 --> 0:13:04.800 situation like this to take place. 0:13:05.559 --> 0:13:09.160 Oh, absolutely, he's Army green beret. Appears to have been 0:13:09.200 --> 0:13:15.120 on leave from his base in Germany. I think we 0:13:15.320 --> 0:13:17.720 still are waiting for a lot of details in terms 0:13:17.720 --> 0:13:21.840 of what his possible motivations would be. Investigators saying that 0:13:21.880 --> 0:13:25.520 he appears to have died by a self inflicted gunshot 0:13:25.600 --> 0:13:29.880 wound seconds or just moments before that fire and explosion 0:13:30.000 --> 0:13:36.080 took place. They have not actually concretely identified him through 0:13:36.160 --> 0:13:38.920 DNA or those things, but they did find his identification 0:13:39.480 --> 0:13:42.920 and other belongings that they linked to him in the truck. 0:13:43.840 --> 0:13:46.000 But there's going to be a deep look at sort 0:13:46.040 --> 0:13:48.840 of what was going on in his mind, what has 0:13:48.920 --> 0:13:51.280 been going on with people he talked to in the 0:13:51.360 --> 0:13:53.000 days and weeks before this took place. 0:13:53.320 --> 0:13:57.200 And while the President has been focused, of course on 0:13:57.320 --> 0:14:00.640 these incidents over the last couple of days, now that 0:14:00.960 --> 0:14:04.280 he's been focused as well on his decision over whether 0:14:04.400 --> 0:14:08.680 to allow the US steeled takeover by Nippon Steele to 0:14:08.760 --> 0:14:12.400 go forward, and it looks like that decision is no. 0:14:13.640 --> 0:14:15.880 That's right. It looks like I think the President had 0:14:15.960 --> 0:14:19.880 until early next week to make a final decision after 0:14:19.960 --> 0:14:23.840 that Committee on Foreign Investment in the United States issued 0:14:23.920 --> 0:14:27.600 its report to him. But we know from our reporting 0:14:27.640 --> 0:14:30.400 that the White House is planning to announce this decision, 0:14:30.800 --> 0:14:34.600 most likely today Friday, and that he is going to 0:14:34.600 --> 0:14:35.080 reject it. 0:14:35.160 --> 0:14:35.280 Now. 0:14:35.320 --> 0:14:38.840 We signaled all along that he was likely opposed to 0:14:38.880 --> 0:14:41.680 this deal, this fourteen billion dollar deal. It's been hanging 0:14:41.720 --> 0:14:43.800 out there for I think it's been more than a 0:14:43.880 --> 0:14:47.240 year now, but this will mean that he kind of 0:14:48.040 --> 0:14:50.120 puts a final nail in the coffin of it. There 0:14:50.840 --> 0:14:54.360 was an effort by the companies involved to try to 0:14:54.400 --> 0:14:57.440 make some changes at the last minute that doesn't appear 0:14:57.480 --> 0:14:59.800 to have convinced the administration to support it. 0:15:00.360 --> 0:15:03.520 Now, this is a victory for the United steel Workers Union. 0:15:03.560 --> 0:15:06.280 It had been opposed to this deal going forward, but 0:15:06.360 --> 0:15:09.120 the rank and file had kind of broken with the 0:15:09.200 --> 0:15:10.760 leadership on this right. 0:15:11.840 --> 0:15:12.280 That's right. 0:15:14.360 --> 0:15:19.000 Local workers had signaled support for it. Local officials had 0:15:19.000 --> 0:15:23.240 signaled some support for it. The company had worked a 0:15:23.320 --> 0:15:25.840 couple times to try to revise the deal to make 0:15:25.880 --> 0:15:29.520 it more appealing. We knew before the election that it 0:15:29.560 --> 0:15:34.760 was a very difficult political It had slim chances of 0:15:34.800 --> 0:15:37.120 passing before the election, But there was some thinking that 0:15:37.200 --> 0:15:39.760 after you got past the election and people didn't have 0:15:39.800 --> 0:15:42.600 to worry about the votes so much, that maybe either 0:15:43.520 --> 0:15:47.000 President Biden or President Elect Trump, who also opposed it, 0:15:47.000 --> 0:15:49.120 would change his mind. That hasn't happened. 0:15:49.400 --> 0:15:52.840 This is Bloomberg Daybreak, your morning podcast and the stories 0:15:52.920 --> 0:15:55.920 making news from Wall Street to Washington and beyond. 0:15:56.200 --> 0:15:58.600 Look for us on your podcast feed by six am 0:15:58.640 --> 0:16:02.040 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:02.240 --> 0:16:05.080 You can also listen live each morning starting at five 0:16:05.120 --> 0:16:07.840 am Wall Street time on Bloomberg eleven three to zero 0:16:07.840 --> 0:16:10.760 in New York, Bloomberg in ninety nine to one in Washington, 0:16:10.800 --> 0:16:14.760 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:14.960 --> 0:16:16.520 XM Channel one twenty one. 0:16:16.920 --> 0:16:19.640 Plus listen coast to coast on the Bloomberg Business app 0:16:19.680 --> 0:16:22.520 now with Applecarplay and Android Atto interfaces. 0:16:22.720 --> 0:16:25.720 And don't forget to subscribe to Bloomberg News Now. It's 0:16:25.760 --> 0:16:28.480 the latest news whenever you want it. In five minutes 0:16:28.600 --> 0:16:31.720 or less. Search Bloomberg News Now and your favorite podcast 0:16:31.720 --> 0:16:35.960 platform to stay informed all day long. I'm Karen Moscow. 0:16:35.680 --> 0:16:38.200 And I'm Nathan Hager. Join us again tomorrow morning for 0:16:38.280 --> 0:16:40.200 all the news you need to start your day right 0:16:40.200 --> 0:16:41.280 here on Bloomberg. 0:16:41.320 --> 0:16:41.720 Dabray