DeSantis Drops Out Reaction; Wall Street Record Territory

Good morning. 0:00:03.080 --> 0:00:06.040 I'm Nathan Hager and I'm Amy Morris. Here are the 0:00:06.080 --> 0:00:07.680 stories we're following today. 0:00:07.880 --> 0:00:10.160 We begin with the major political news ahead of the 0:00:10.160 --> 0:00:14.120 New Hampshire primary tomorrow night. Ron DeSantis has dropped out 0:00:14.200 --> 0:00:17.439 of the Republican presidential race after finishing a distant second 0:00:17.520 --> 0:00:20.200 in the Iowa caucases, and now he's throwing his support 0:00:20.239 --> 0:00:22.120 behind former President Donald Trump. 0:00:22.320 --> 0:00:24.680 It's clear to me that a majority of Republican primary 0:00:24.760 --> 0:00:27.720 voters want to give Donald Trump another chance. They watch 0:00:27.800 --> 0:00:31.319 his presidency get stymied by relentless resistance, and they see 0:00:31.320 --> 0:00:34.120 Democrats using lawfair this day to attack him. 0:00:34.280 --> 0:00:36.920 Ron DeSantis made his announcement in a post on x. 0:00:37.000 --> 0:00:40.640 Former President Trump says he appreciates the Florida governor's endorsement. 0:00:40.880 --> 0:00:42.440 They ran a. 0:00:42.440 --> 0:00:43.600 Really good campaign. 0:00:43.640 --> 0:00:45.040 I will tell you it's not easy. 0:00:45.240 --> 0:00:48.120 They think it's easy doing this stuff, right, It's not easy. 0:00:49.240 --> 0:00:49.480 Now. 0:00:49.520 --> 0:00:51.920 With DeSantis out of the race, that leaves former South 0:00:51.960 --> 0:00:55.320 Carolina Governor Nikki Haley as the last standing Trump alternative. 0:00:55.600 --> 0:00:58.400 A new CNN University of New Hampshire poll shows Trump 0:00:58.480 --> 0:01:01.640 with fifty percent support in the Granite state. Haley comes 0:01:01.640 --> 0:01:03.320 in second at thirty nine percent. 0:01:03.920 --> 0:01:06.640 And Nathan with the dissentis withdrawal from the race. Nikki 0:01:06.720 --> 0:01:09.720 Haley is stepping up the direct attacks on Donald Trump. 0:01:09.720 --> 0:01:12.440 Bloomberg's Ed Baxter with that part of the story. 0:01:12.280 --> 0:01:16.160 She is really focusing on Trump's mental acuity. She says, 0:01:16.200 --> 0:01:18.480 he's not the same man now that he was when 0:01:18.520 --> 0:01:19.800 she served in his cabinet. 0:01:19.880 --> 0:01:21.600 So I always told him what I thought was in 0:01:21.640 --> 0:01:23.360 the best interests of the country when I was in 0:01:23.360 --> 0:01:26.040 his cabinet, But this is different. I mean, we're seeing 0:01:26.200 --> 0:01:28.119 he's just not at the same level he was at 0:01:28.120 --> 0:01:31.440 twenty sixteen. I think we're seeing some of that decline. 0:01:31.480 --> 0:01:33.920 But more than that, what I'll say is focus on 0:01:34.000 --> 0:01:38.120 the fact that no matter what it is, chaos follows him. 0:01:38.280 --> 0:01:41.360 Trump has responded that he feels mentally stronger than he 0:01:41.440 --> 0:01:45.080 did twenty five years ago, ed Baxter, Bloomberg Radio. 0:01:44.880 --> 0:01:45.720 All Right, ed, thank you. 0:01:45.760 --> 0:01:48.320 While Trump is favored to be the Republican nominee, New 0:01:48.360 --> 0:01:50.960 Hampshire Governor Chris san Nunu, a vocal critic of the 0:01:51.000 --> 0:01:55.080 former president, says Republicans need a new voice because. 0:01:54.760 --> 0:01:58.080 Of that Trump brand we've lost in twenty eighteen and 0:01:58.160 --> 0:02:01.200 twenty twenty and twenty twenty two. I'm so tired of losing, 0:02:01.360 --> 0:02:03.320 and I'm tired of losers, and I think we're. 0:02:03.200 --> 0:02:05.360 Just tired of that brand that just drags the rest 0:02:05.400 --> 0:02:06.720 of the Republican Party down. 0:02:07.000 --> 0:02:08.640 Right, what's the point of scraping out a winning the 0:02:08.639 --> 0:02:11.919 presidency if you lose everything else? Like he has time 0:02:12.040 --> 0:02:13.160 and time and time again. 0:02:13.440 --> 0:02:15.880 New Hampshire Governor Christen you who says Nikki Haley can 0:02:15.919 --> 0:02:19.079 sustain her presidential campaign into the next round of Republican 0:02:19.120 --> 0:02:21.120 primaries even without a win in New. 0:02:21.000 --> 0:02:24.440 Hampshire, and after tomorrow's New Hampshire primary, gets onto the 0:02:24.480 --> 0:02:28.520 Nevada caucus and then to South Carolina, Nikki Haley's home state. 0:02:28.760 --> 0:02:32.640 Bloombergs Laura Davison is in New Hampshire covering the Republican primary. 0:02:32.840 --> 0:02:35.519 The question, though, really is what happens after New Hampshire. 0:02:35.520 --> 0:02:37.680 You're going into South Carolina, which I'll know is her 0:02:37.720 --> 0:02:41.200 home state. Trump is leading, So this is really a 0:02:41.280 --> 0:02:43.560 question of, Okay, you can do well on Tuesday. What 0:02:43.680 --> 0:02:44.880 is the long game here? 0:02:45.000 --> 0:02:48.119 Bloombergs Laura Davison reports Nicki Haley is launching a four 0:02:48.240 --> 0:02:51.119 million dollar ad campaign in her home state the day 0:02:51.160 --> 0:02:53.880 after the New Hampshire primary to try to convince South 0:02:53.880 --> 0:02:57.440 Carolina voters her campaign will have staying power and amy. 0:02:57.440 --> 0:02:59.080 We're going to have much more on the New Hampshire 0:02:59.080 --> 0:03:01.120 primary and the rest to the GOP race in just 0:03:01.120 --> 0:03:03.280 a minute, But we now turn to the latest developments 0:03:03.600 --> 0:03:06.720 in the Middle East. Israeli Prime Minister Benjamin Natanyah, who 0:03:06.720 --> 0:03:09.920 has rejected what he says are unacceptable terms presented by 0:03:09.919 --> 0:03:13.120 Hamas for a new hostage deal. Here's Natanya, who's speaking 0:03:13.120 --> 0:03:14.720 through an interpreter, Kamas. 0:03:15.440 --> 0:03:18.200 Amas is demanding in exchange for the release. 0:03:17.919 --> 0:03:20.160 Of our hostages, the end of the war. 0:03:20.280 --> 0:03:22.919 The withdrawal of our forces from Gaza. 0:03:23.080 --> 0:03:25.440 Were we to agree to this, our soldiers would have 0:03:25.440 --> 0:03:28.040 fallen in vain and the next October seven would only 0:03:28.080 --> 0:03:29.200 be a question of time. 0:03:30.280 --> 0:03:33.239 Public and political pressure to bring those hostages back home 0:03:33.240 --> 0:03:36.080 has been rapidly increasing over the past several days. Over 0:03:36.120 --> 0:03:40.720 the weekend, family members demonstrated in front of Natanyahu's private residence. 0:03:40.800 --> 0:03:43.400 And we turn our attention now to financial markets. Early 0:03:43.440 --> 0:03:46.800 indications signal the record rally on Wall Street will continue 0:03:47.000 --> 0:03:49.200 futures are high, or we begin a new trading rate. 0:03:49.320 --> 0:03:52.160 On Friday, The S and P five hundred index finished 0:03:52.160 --> 0:03:53.960 at an all time high for the first time in 0:03:54.000 --> 0:03:56.720 two years. This week's earnings will continue to be a 0:03:56.760 --> 0:04:00.000 dominant theme. We get a preview from Bloomberg's Charlie Pellett. 0:04:00.280 --> 0:04:03.040 We'll be hearing from companies across a broad swath of 0:04:03.040 --> 0:04:07.120 industries amid questions about how firms and their customers have 0:04:07.240 --> 0:04:10.720 dealt with high interest rates. Emily Rowland is co Chief 0:04:10.720 --> 0:04:13.320 Investment Strategistic JH Investments. 0:04:13.560 --> 0:04:15.720 So what companies are dealing with now, of course, is 0:04:15.720 --> 0:04:18.200 a much higher cost of capital as rates have gone 0:04:18.279 --> 0:04:20.880 up at the same time that revenue growth the shrinking. 0:04:20.960 --> 0:04:23.360 So those margins are really getting challenged here. And the 0:04:23.480 --> 0:04:26.400 key for companies from here is who can manage that 0:04:26.600 --> 0:04:29.120 best in an environment where it's going to become. 0:04:28.920 --> 0:04:29.880 A lot more difficult. 0:04:29.920 --> 0:04:33.880 Among the names reporting this week, three M American Express, Blackstone, 0:04:34.200 --> 0:04:38.760 AT and T, Northrop Grumman, Norfolk, Southern Union, Pacific, Team Mobile, 0:04:38.880 --> 0:04:42.680 and Visa in New York. Charlie Pellett, Bloomberg Radio. 0:04:42.800 --> 0:04:45.040 All right, Charlie, thank you now. Two major Wall Street 0:04:45.080 --> 0:04:48.159 firms are recommending investors start buying five year US notes 0:04:48.200 --> 0:04:50.920 after they saw their worst route since May last week. 0:04:51.120 --> 0:04:53.800 Morgan Stanley ces scope for a rebound in treasuries on 0:04:53.839 --> 0:04:55.960 the idea that data in the coming weeks could surprise 0:04:56.000 --> 0:04:58.960 to the downside, and JP Morgan says yields have already 0:04:58.960 --> 0:05:00.960 climbed to levels last seen in December. 0:05:01.480 --> 0:05:05.640 And in company news, the Federal Aviation Administration is recommending 0:05:05.680 --> 0:05:09.680 airlines inspect another type of Boweing seven thirty seven aircraft 0:05:09.960 --> 0:05:13.520 that also had mid as exit door plugs. That's the 0:05:13.520 --> 0:05:16.640 same type that ultimately failed in an Alaska Airlines blowout 0:05:16.680 --> 0:05:19.320 earlier this month. Boweing said in a statement that it 0:05:19.400 --> 0:05:23.160 fully supports the FAA and our customers in this action. 0:05:23.320 --> 0:05:25.880 And we're going to be watching shares of Macy's today. 0:05:25.920 --> 0:05:28.680 Amy the department store chain, says it is not interested 0:05:28.800 --> 0:05:31.200 in a bid from arc House Management and Brigade Capital 0:05:31.240 --> 0:05:34.960 Management to take over the department store chain. The investors 0:05:34.960 --> 0:05:37.240 made a five point eight billion dollar offer for the 0:05:37.240 --> 0:05:40.679 company last month. Yesterday, Arkhouse threatened to take its offered 0:05:40.680 --> 0:05:45.040 to shareholders if Macy's doesn't step up negotiations. 0:05:49.440 --> 0:05:51.799 Time alvera look at some of the other stories making 0:05:51.839 --> 0:05:54.240 news around the world, and for that we're joined by 0:05:54.279 --> 0:05:55.480 Bloomberg's John Tucker. 0:05:55.520 --> 0:05:56.400 Good morning, John. 0:05:56.800 --> 0:06:00.400 Amy, Good morning. While Republicans focus on the new Hampshire Amory, 0:06:00.839 --> 0:06:04.360 Democrats are zeroing in on abortion rights. Let's get more 0:06:04.360 --> 0:06:06.480 in this report from Bloomberg's Denise Pellegrini. 0:06:06.720 --> 0:06:09.839 President Biden and Vice President Kamala Harris will be headlining 0:06:09.880 --> 0:06:13.599 and abortion rights rally in Virginia this week. Biden's campaign 0:06:13.600 --> 0:06:16.320 says the event will underscore what's at stake for reproductive 0:06:16.320 --> 0:06:19.560 freedom in twenty twenty four and communicate the President's commitment 0:06:19.600 --> 0:06:22.880 to codifying the protections of Row into law. The campaign 0:06:22.960 --> 0:06:25.359 is also releasing television ads this week to run in 0:06:25.400 --> 0:06:28.840 battleground states marking the fifty first anniversary of Roe Vwight. 0:06:29.120 --> 0:06:31.799 Democrats are seeking to tie the issue to former President 0:06:31.800 --> 0:06:35.360 Donald Trump and his appointment of conservative Supreme Court justices 0:06:35.640 --> 0:06:39.080 that made Rose overturn possible in the first place. Denise 0:06:39.120 --> 0:06:40.600 Pelgrene Bloomberg Radio. 0:06:40.560 --> 0:06:43.320 It's an and Biden expressing confidence the Senate could work 0:06:43.360 --> 0:06:47.360 out an emerging bipartisan border compromise as soon as this week. 0:06:47.720 --> 0:06:51.039 Democratic Congress and Dan Goldman tails that ABC. Both sides 0:06:51.200 --> 0:06:52.400 are trying to move forward. 0:06:52.600 --> 0:06:55.640 We do need to have a much more orderly immigration 0:06:55.800 --> 0:07:01.120 process that increases the amount of lawful immigrat through visas 0:07:01.680 --> 0:07:06.600 and other more routinized scheduled forms, and we also need 0:07:06.600 --> 0:07:08.320 to fix our asylum process. 0:07:08.360 --> 0:07:12.880 Congretional Republicans have demanded a crackdown on immigration in exchange 0:07:12.880 --> 0:07:15.720 for supporting a one hundred and ten billion dollar package 0:07:15.840 --> 0:07:18.880 that includes funds for Ukraine and Israel. It faces a 0:07:18.920 --> 0:07:22.000 rougher time in the House. Former President Trump will be 0:07:22.000 --> 0:07:24.440 in New York today to appear for his second trial 0:07:24.760 --> 0:07:28.560 for defaming columnist Ejene Carroll. Last week. Trump was threatened 0:07:28.560 --> 0:07:31.520 with expulsion from the court making comments about what he 0:07:31.600 --> 0:07:35.080 called a con job one. Hundreds of thousands of Germans 0:07:35.160 --> 0:07:37.960 flooded the streets over the weekend, including in front of 0:07:37.960 --> 0:07:42.000 the National Parliament, protest against far right extremism in the 0:07:42.080 --> 0:07:46.280 rise of the anti immigration AfD party. The protests foullaled 0:07:46.320 --> 0:07:49.320 the recent revelation of a meeting at which senior AfD 0:07:49.440 --> 0:07:54.280 politicians and members of the main opposition Christian Democrats, discussed 0:07:54.280 --> 0:07:59.360 a remigration scheme that echoed Nazi policies of the nineteen thirties. 0:08:00.240 --> 0:08:02.480 News twenty four hours a day and whenever you want 0:08:02.480 --> 0:08:05.400 it with Bloomberg News Now I'm John Tucker, and this 0:08:05.680 --> 0:08:06.640 is Bloomberg Gamy. 0:08:06.840 --> 0:08:08.760 All right, Thank you, John, and we bring you news 0:08:08.760 --> 0:08:11.680 throughout the day here on Bloomberg Radio. But now you 0:08:11.680 --> 0:08:14.720 can get the latest news on demand whenever you want it. 0:08:14.800 --> 0:08:17.720 Subscribe to Bloomberg News Now to get the latest headlines 0:08:17.920 --> 0:08:21.400 at the click of a button. Get informed on your schedule. 0:08:21.480 --> 0:08:24.280 You can listen and subscribe to Bloomberg News Now on 0:08:24.280 --> 0:08:28.240 the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify, 0:08:28.440 --> 0:08:35.680 and anywhere else you get your podcasts. Time now for 0:08:35.679 --> 0:08:38.440 our Bloomberg Sports Update. For that, we bring in John 0:08:38.480 --> 0:08:40.120 stash hour Amy. 0:08:40.160 --> 0:08:42.240 The NFL playoffs are down to the final four the 0:08:42.280 --> 0:08:45.800 conference championship games. This Sunday, we'll have in the AFC 0:08:46.040 --> 0:08:49.240 the defending Super Bowl champion Kansas City Chiefs in Baltimore. 0:08:49.600 --> 0:08:52.840 The NFC title game will be the surprising Detroit Lions 0:08:53.120 --> 0:08:55.719 at San Francisco. The Lions and one a playoff game 0:08:55.720 --> 0:08:58.240 in thirty two years now they've won two and two weeks. 0:08:58.240 --> 0:09:01.080 They get their fourteenth win of the seas in thirty 0:09:01.120 --> 0:09:04.360 one to twenty three over Tampa Bay. Detroit never trailed 0:09:04.679 --> 0:09:07.480 Tampa Bay tied the game three different times. But then 0:09:07.679 --> 0:09:09.960 the Lions won it with touchdown drives in the fourth 0:09:10.040 --> 0:09:13.280 quarter that covered seventy five and eighty nine yards. A 0:09:13.360 --> 0:09:18.560 classic in Buffalo, The last five scores produced five lead changes. 0:09:18.640 --> 0:09:21.440 The Chiefs took the lead a minute into the fourth quarter. 0:09:21.520 --> 0:09:24.319 The last fourteen minutes of the game was scoreless. Didn't 0:09:24.320 --> 0:09:26.440 look like it that would be the case, as Tyler 0:09:26.520 --> 0:09:29.520 Bass lined up for a game tyme forty four yard 0:09:29.520 --> 0:09:31.720 field goal a minute forty seven left. He missed it 0:09:31.800 --> 0:09:34.880 wide right, and the Chiefs again beat the Bills in 0:09:34.920 --> 0:09:38.280 the playoffs twenty seven to twenty four. Patrick Mahomes has 0:09:38.280 --> 0:09:41.360 now beaten Josh Allen three times in the postseason, though 0:09:41.400 --> 0:09:44.840 he's zering three against him in the regular season NBA. 0:09:44.920 --> 0:09:48.840 The Wizards brought in the defending NBA champion Denver Nuggets 0:09:48.840 --> 0:09:53.160 and Nikoleokis forty two points, twelve rebounds, eight assists. Nuggets 0:09:53.200 --> 0:09:55.319 won one thirteen to one oh four. Celtics, coming off 0:09:55.320 --> 0:09:57.960 their first home loss of the season, went to Houston 0:09:57.960 --> 0:10:01.000 in won one sixteen one oh seven a Forzinga score 0:10:01.080 --> 0:10:03.959 thirty two. Alex zarebav a fourth grand win at the 0:10:04.000 --> 0:10:06.839 Australian Open over cam Norri. He won at seven to 0:10:06.920 --> 0:10:10.559 six in the fifth cent John Stashedward Bloomberg sports. 0:10:12.200 --> 0:10:15.200 From coast to coast, from New York to San Francisco, 0:10:15.520 --> 0:10:20.120 Boston to Washington, DC, nationwide on Syrias, exam the Bloomberg 0:10:20.200 --> 0:10:22.199 Business app in Bloomberg dot Com. 0:10:22.400 --> 0:10:24.360 This is Bloomberg Daybreak. 0:10:25.400 --> 0:10:25.880 Good morning. 0:10:25.880 --> 0:10:28.000 I'm Nathan Hager on a morning where it is now 0:10:28.040 --> 0:10:31.520 down to two in the Republican presidential race. Florida Governor 0:10:31.559 --> 0:10:34.480 Ron DeSantis has dropped his bid for the twenty twenty 0:10:34.520 --> 0:10:38.040 four nomination. He is endorsing Donald Trump, the front runner 0:10:38.120 --> 0:10:40.960 the head of tomorrow night's New Hampshire primary, But Nicki 0:10:41.040 --> 0:10:43.839 Haley is hoping an upset in the Granite State will 0:10:43.880 --> 0:10:47.960 propel her into her home state of South Carolina, just 0:10:48.000 --> 0:10:50.920 holding its own primary next month. We'll get the latest 0:10:50.920 --> 0:10:53.680 on the ground from Manchester in just a moment. But first, 0:10:53.760 --> 0:10:56.599 New Hampshire Governor Chris Snunu tells Bloomberg's Joe Matthew and 0:10:56.640 --> 0:10:59.960 Kayley Lines why he's throwing his support behind Nicki Haley 0:11:00.120 --> 0:11:02.600 rather than former President Donald Trump. 0:11:02.880 --> 0:11:03.560 Let's start here. 0:11:04.040 --> 0:11:07.160 I magine if you're the former president and your own party, 0:11:07.200 --> 0:11:09.120 you can barely get fifty percent of the vote. 0:11:09.720 --> 0:11:11.439 That's why Trump's in trouble, right. 0:11:11.520 --> 0:11:13.520 So now that you have somebody new on the scene 0:11:13.720 --> 0:11:15.480 kind of building that kind of momentum is huge. 0:11:15.520 --> 0:11:17.360 And the key is that it's a one on one race. 0:11:17.640 --> 0:11:19.800 So if Trump can barely hold fifty percent or keep 0:11:19.800 --> 0:11:21.960 them under fifty percent in a one on one race, well, 0:11:22.000 --> 0:11:24.680 the mass says that there's fifty one percent to Nikki Haley, 0:11:24.720 --> 0:11:25.920 and that's what you need to win a state. 0:11:26.240 --> 0:11:26.400 Now. 0:11:26.440 --> 0:11:28.200 I don't think any of these early states are must 0:11:28.240 --> 0:11:30.120 wins for Hailey. I don't think that's ever been the case. 0:11:30.559 --> 0:11:32.199 They're possible, but they're not must wins. 0:11:32.280 --> 0:11:33.079 I think when you get to. 0:11:33.000 --> 0:11:36.160 Super Tuesday, okay, now you really have to start winning states. Obviously, 0:11:36.400 --> 0:11:38.559 But as long as she keeps building on that momentum, 0:11:38.600 --> 0:11:40.400 I think there's a lot of opportunity. She has money, 0:11:40.400 --> 0:11:43.559 she has resources, she has you knows how to win 0:11:43.679 --> 0:11:45.600 in New Hampshire, knows how to win in South Carolina, 0:11:45.679 --> 0:11:47.360 so all the wind is at her back. 0:11:47.679 --> 0:11:51.200 Any Custer set in this chair a short time ago 0:11:51.480 --> 0:11:54.320 and said, we want you to write in. Joe Biden 0:11:54.720 --> 0:11:56.800 does a write in campaign for the president of the 0:11:56.800 --> 0:11:59.360 Creunited States which is remarkable. But she said if not 0:12:00.160 --> 0:12:02.480 vote for Nicky, just don't vote for Trump. When you 0:12:02.520 --> 0:12:05.080 have a Democrat talking like this and Donald Trump across 0:12:05.080 --> 0:12:09.199 the streets saying Democrats are infiltrating the process here to 0:12:09.320 --> 0:12:09.640 vote for. 0:12:09.920 --> 0:12:13.360 Democrats cannot vote. Democrats cannot they vote in the course, well, 0:12:13.360 --> 0:12:15.319 you say, of course, I had other stations. 0:12:15.320 --> 0:12:16.480 I mean, you guys get it, But I had other 0:12:16.520 --> 0:12:19.560 stations being like talking about democrats vote, Democrats are not 0:12:19.720 --> 0:12:22.080 voting in the Republican shrimery. 0:12:21.880 --> 0:12:25.600 This idea that Democrat leaning independents are going to make 0:12:25.600 --> 0:12:28.520 a difference here in New Hampshire and there aren't enough 0:12:28.559 --> 0:12:30.520 New Hampshires to keep doing that across the country. 0:12:30.600 --> 0:12:33.640 Well, independents have always been able to vote ass both 0:12:33.679 --> 0:12:37.480 Democrat and Republican, and they're not independence in New Hampshire. 0:12:37.480 --> 0:12:38.239 They're undeclared. 0:12:38.600 --> 0:12:40.760 So you could have hard Trump supporters and hard Bertie 0:12:40.800 --> 0:12:45.040 Sanders socialists within the undeclared spectrum. This year, they're more 0:12:45.120 --> 0:12:48.000 likely to play on the Republican side because there's no 0:12:48.000 --> 0:12:49.440 nobody cares about the Democrats side. 0:12:49.440 --> 0:12:49.760 So that's all. 0:12:49.840 --> 0:12:51.160 So you're just going to see a lot more folks 0:12:51.200 --> 0:12:53.120 play there and they tend to want change. 0:12:53.200 --> 0:12:53.600 That's it. 0:12:53.760 --> 0:12:55.520 They want the next new thing, they want the like. 0:12:55.720 --> 0:12:59.720 There's the Republicans that are within that independent group really 0:12:59.760 --> 0:13:03.080 are Republicans, right, they understand Trump doesn't carry Republican values. 0:13:03.240 --> 0:13:04.400 Was he fiscally conservative? 0:13:04.880 --> 0:13:08.520 No, he had tax cuts that supposedly helped the economy, 0:13:08.600 --> 0:13:11.920 but then vote seven trillion dollars to do it. That's 0:13:11.960 --> 0:13:13.760 like saying to your family, Hey, look at this wonderful 0:13:13.800 --> 0:13:15.600 new house we're living in, and you just paid for 0:13:15.640 --> 0:13:16.520 it on a credit card. 0:13:16.720 --> 0:13:17.960 Right, it's a falsehood. 0:13:18.160 --> 0:13:20.240 He doesn't believe in limited government, he believes in this 0:13:20.320 --> 0:13:22.599 kind of dictatorship. He doesn't believe in local control. He 0:13:22.640 --> 0:13:25.400 believes in Washington. So those are not Republican values. So 0:13:25.440 --> 0:13:27.479 I think a lot of the Republicans within that undeclared 0:13:27.600 --> 0:13:30.000 and those conservatives are very much coming over to nicky side. 0:13:30.040 --> 0:13:32.320 Would it be fair, Governor to say the Republican party 0:13:32.640 --> 0:13:35.360 that Trump represents is not your Republican party, not the 0:13:35.440 --> 0:13:36.680 Republican party of your father. 0:13:36.760 --> 0:13:38.679 Put it well, put it this way. I saw a 0:13:38.720 --> 0:13:41.000 bumper stick or the other that says I don't vote Republican, 0:13:41.080 --> 0:13:43.960 I just vote Trump. He's his own entity. He doesn't 0:13:43.960 --> 0:13:45.559 define the Republican Party at all. 0:13:45.640 --> 0:13:48.160 But you have said because he if he were to 0:13:48.200 --> 0:13:50.720 be the Republican nominee, because you are a Republican, you 0:13:50.760 --> 0:13:51.400 would support it. 0:13:51.720 --> 0:13:53.360 Most people would. That shouldn't surprise anybody. 0:13:53.400 --> 0:13:56.400 Yeah, even though he don't think he actually carries the 0:13:56.480 --> 0:13:57.760 values of the Republican Party. 0:13:58.120 --> 0:14:00.320 Look, Joe Biden, that's how bad Joe Biden. I mean 0:14:00.320 --> 0:14:02.400 I always say that. I mean, this is what has 0:14:02.400 --> 0:14:04.600 happened with inflation and all of that. The one thing 0:14:04.640 --> 0:14:08.199 I suppose that I'm hopeful again, I'm hopeful it's Nikki. 0:14:08.240 --> 0:14:09.079 I think she can do it. 0:14:09.360 --> 0:14:12.320 Any Republican would build a much better team than Joe Biden. 0:14:12.440 --> 0:14:14.080 I mean the team that Joe Biden has put in there, 0:14:14.400 --> 0:14:16.720 and with the rules and the regulations that are just 0:14:16.800 --> 0:14:20.480 crushing families, they're just crushing locals and state governments, and 0:14:20.520 --> 0:14:22.480 nothing can be developed, nothing can be built, nothing can 0:14:22.520 --> 0:14:25.240 move forward. So no, I look, I'm excited about Nikki 0:14:25.280 --> 0:14:27.400 Haley being the nominee. That's why we're here in New Hampshire. 0:14:27.480 --> 0:14:29.360 This is where I don't want to say it can 0:14:29.440 --> 0:14:32.160 it all turns around, because she's already made the turnaround, right, 0:14:32.240 --> 0:14:34.360 it's already gone from thirteen candidates to a one on 0:14:34.360 --> 0:14:36.760 one race that in itself is amazing. This is where 0:14:36.800 --> 0:14:38.800 again she just keeps adding kind of gasoline to that 0:14:38.840 --> 0:14:40.200 fire and keeps driving forward. 0:14:40.240 --> 0:14:42.600 You talk about Trump team building, of course, most of 0:14:42.640 --> 0:14:45.760 Trump's team has come out against him following the administration, 0:14:45.800 --> 0:14:46.080 many of them. 0:14:46.200 --> 0:14:48.040 Let you tell me something, Yeah. 0:14:47.800 --> 0:14:50.800 But so you know the quality of its team might 0:14:50.840 --> 0:14:52.520 only be as strong as long as you can keep 0:14:52.560 --> 0:14:54.920 it together. But I want to hear the argument, though, 0:14:55.280 --> 0:14:57.080 you're prepared to vote for Donald Trump if it's a 0:14:57.080 --> 0:14:58.920 Trump Biden election, you've made that. 0:14:59.080 --> 0:15:01.520 Of the polls, you know most of America would, I mean, 0:15:01.760 --> 0:15:02.440 he beats bile. 0:15:02.520 --> 0:15:04.960 But keep that from happening. 0:15:05.080 --> 0:15:07.920 Yeah, why is Nicki Haley? Let's talk about your candidate 0:15:08.320 --> 0:15:10.280 better for New Hampshire than Donald Trump. 0:15:10.320 --> 0:15:14.320 So in the latest polls, New Hampshire hasn't gone Republican 0:15:14.320 --> 0:15:16.440 in the general election about twenty years. And then the 0:15:16.480 --> 0:15:19.120 latest polls show that Trump gets crushed in New Hampshire 0:15:19.160 --> 0:15:22.760 against Biden. Nicki wins, right, Nikki allows the Republicans in 0:15:22.760 --> 0:15:25.400 New Hampshire to win this state again in November, and 0:15:25.440 --> 0:15:27.600 that would happen in a lot of states across the country. 0:15:28.600 --> 0:15:31.240 That's New Hampshire Governor Chris sa Nunu speaking with Bloomberg 0:15:31.280 --> 0:15:35.320 Balance of Power hosts Joe Matthew and Kaylee Lines ahead 0:15:35.360 --> 0:15:38.040 of the New Hampshire primary coming up tomorrow night. And 0:15:38.120 --> 0:15:41.320 joining us now from New Hampshire is Bloomberg's Laura Davison, 0:15:41.360 --> 0:15:43.920 part of our political team covering the first in the 0:15:44.000 --> 0:15:47.640 nation primary coming up on Tuesday. Great to have you 0:15:47.680 --> 0:15:50.600 with us dark and early this morning. Laura, give us 0:15:50.600 --> 0:15:53.840 a sense of where this race stands now with Ron 0:15:53.920 --> 0:15:56.680 DeSantis bowing out. 0:15:56.440 --> 0:15:58.960 So this is really a two person race. Nicki Haley 0:15:59.000 --> 0:16:01.800 predicted last week coming out of Iowa would be She 0:16:01.960 --> 0:16:03.880 was a little bit mocked because people were like, wait, 0:16:03.920 --> 0:16:06.280 you came in third in the Santras's and seconds. It 0:16:06.320 --> 0:16:07.720 turns out if you wait a couple of days, it 0:16:07.720 --> 0:16:10.480 turned out to be true. Haley is across the state 0:16:10.520 --> 0:16:13.200 all day with a series of events. Trump, for his part, 0:16:13.240 --> 0:16:15.680 will have a one rally tonight. He's been getting long 0:16:15.720 --> 0:16:17.240 lines and big crabs with those. 0:16:17.680 --> 0:16:21.760 So it sounds as though both sides are finding some 0:16:21.800 --> 0:16:26.200 support depending on their supporters in this race. Where do 0:16:26.280 --> 0:16:29.960 you see the momentum is it behind former President Trump? 0:16:30.080 --> 0:16:33.280 Is it behind former Governor Haley in this in this 0:16:33.360 --> 0:16:34.160 New Hampshire race. 0:16:35.560 --> 0:16:39.000 Yeah, so Haty has been in recent days. You've seen 0:16:39.080 --> 0:16:41.240 sort of a climb in some of her poll numbers. 0:16:41.480 --> 0:16:44.560 The two poles that just came out last night were 0:16:44.600 --> 0:16:47.520 not the best for Haley. She was coming in, you know, roughly, 0:16:48.200 --> 0:16:50.640 you know, mid to high thirties percentage and Trump was 0:16:50.760 --> 0:16:53.560 just at fifty or fifty one percent souse. That's a 0:16:53.600 --> 0:16:56.880 fifteen point gap. That's outside the margin of air, and 0:16:56.960 --> 0:16:59.120 that is the kind of gap that is hard to 0:16:59.160 --> 0:17:02.080 make up all on election day with just having strong turnout. 0:17:02.840 --> 0:17:06.080 Well, there is this idea in New Hampshire that they 0:17:06.119 --> 0:17:09.280 have an independent minded electorate. There are a lot of independence, 0:17:09.320 --> 0:17:12.840 a lot of undeclared candidates who can vote in this race, 0:17:12.840 --> 0:17:16.879 as Governor Sanu New noted, obviously Democrats who are registered 0:17:16.920 --> 0:17:20.320 for the party cann Could that kind of support, that 0:17:20.440 --> 0:17:26.280 sort of independent, undeclared support give Haley the kind of 0:17:26.320 --> 0:17:28.960 momentum that perhaps the polls don't show at this point, 0:17:30.080 --> 0:17:30.840 it certainly could. 0:17:30.840 --> 0:17:33.240 I was speaking with a Republican strategist who all note, 0:17:33.320 --> 0:17:37.000 was working to back Haley's campaign but he noted that 0:17:37.520 --> 0:17:41.440 the polls in New Hampshire are notoriously not great because 0:17:41.440 --> 0:17:43.680 of the system where you have undeclared who can come 0:17:43.720 --> 0:17:46.240 off the sidelines and vote on either team, vote for 0:17:46.280 --> 0:17:50.359 either team on election day. So they're basically theory of 0:17:50.400 --> 0:17:53.040 the case is that there are people who are either 0:17:53.160 --> 0:17:56.480 you know, maybe would have voted Democratic, maybe would not 0:17:56.520 --> 0:17:58.479 have voted at all, or new voters who have come 0:17:58.520 --> 0:18:01.080 off the sidelines who were not excited about Biden, not 0:18:01.119 --> 0:18:03.800 excited about Trump, but will be for Nicky Haley on 0:18:03.840 --> 0:18:06.960 election day. That's their theory. They think that they can win, 0:18:07.000 --> 0:18:10.800 They think that they can come across Ben pull apart 0:18:10.880 --> 0:18:14.160 some of the Desantas supporters after he dropped out yesterday, 0:18:14.440 --> 0:18:16.600 there's not a ton of the Santa supporters in New Hampshire. 0:18:16.600 --> 0:18:19.400 He was, you know, somewhere around six seven percent of 0:18:19.000 --> 0:18:21.520 the of the electorate if you look at the polls. 0:18:22.160 --> 0:18:24.320 But you know, kind of conventional wisdom would have that 0:18:25.200 --> 0:18:28.520 his supporters would go to Trump Nicky halees people say, look, 0:18:28.560 --> 0:18:30.520 these are people who are wanting in front alternative and 0:18:30.560 --> 0:18:32.320 now we're the only Trump alternative left. 0:18:32.600 --> 0:18:34.679 That would be interesting to see whether some of that 0:18:34.840 --> 0:18:39.280 support for DeSantis does peel Nicky Haley's way, because as 0:18:39.320 --> 0:18:43.679 we heard from DeSantis on his ex announcement yesterday, he 0:18:43.800 --> 0:18:46.199 is getting behind the front runner, Donald Trump. We have 0:18:46.320 --> 0:18:49.960 a number of former candidates in this race who have 0:18:50.040 --> 0:18:55.000 gotten behind Trump as well, including Senator Tim Scott from 0:18:55.200 --> 0:18:58.160 Haley's home state of South Carolina. I mean, how much 0:18:58.200 --> 0:19:00.840 do endorsements matter in this New Hampshire raised. 0:19:01.920 --> 0:19:04.600 You know, for New Hampshire, these endorsements don't matter a 0:19:04.640 --> 0:19:07.880 whole lot. But you look forward to states like South Carolina, 0:19:07.960 --> 0:19:10.320 one of the next states on the map where it 0:19:10.440 --> 0:19:12.760 is it is Haley's home state, but Trump is ahead 0:19:12.760 --> 0:19:15.480 by a lot and Scott is very popular there, So 0:19:15.680 --> 0:19:19.280 you know, Scott endorsing for her competitor Trump is likely 0:19:19.320 --> 0:19:23.000 to be a headwind for Haley. This is really kind 0:19:23.000 --> 0:19:25.359 of the issue for Haley. Even if she is able 0:19:25.359 --> 0:19:28.800 to pull out a win on Tuesday, what happens next. 0:19:28.880 --> 0:19:31.480 You know, if you look at the next contest on 0:19:31.480 --> 0:19:33.800 the map, Super Tuesday is not that far away in 0:19:33.840 --> 0:19:37.960 early March, she doesn't have more New Hampshire's where she 0:19:37.960 --> 0:19:39.960 could have some of these upsets, which that sort of 0:19:40.119 --> 0:19:43.320 calls into question the viability of her campaign going forward. 0:19:43.760 --> 0:19:47.760 So the calendar could be a headwind for Haley coming 0:19:47.840 --> 0:19:50.560 up here, but we are hearing as well that there 0:19:50.560 --> 0:19:53.439 are going to be a lot more fundraisers for Nicki Haley, 0:19:53.520 --> 0:19:57.199 a lot of Wall Street backing for her campaign as well. 0:19:57.240 --> 0:19:59.600 How could that add to her momentum? Potentially? 0:20:00.840 --> 0:20:03.440 This certainly helps her, you know, to be able to advertise, 0:20:03.480 --> 0:20:06.520 to be able to hire door knockers and tandbursers and 0:20:06.680 --> 0:20:09.560 have the operation that she needs to go forward. You know, 0:20:09.560 --> 0:20:12.439 we've seen a lot of Wall Street interests from Haley 0:20:12.520 --> 0:20:14.560 really pick up in the fourth quarter of last year. 0:20:14.880 --> 0:20:17.320 She had some really strong debate performances and after that 0:20:17.359 --> 0:20:19.919 we saw a lot of fundraisers from a lot of 0:20:20.240 --> 0:20:23.359 major Republican donors. She got the support of the co 0:20:23.600 --> 0:20:26.919 political network that's Americans for Prosperity that's been out, you know, 0:20:27.000 --> 0:20:29.840 running tens of millions of dollars in advertisements for her, 0:20:29.960 --> 0:20:33.040 hiring door knockers in the state of New Hampshire. They've 0:20:33.040 --> 0:20:35.080 spent so far about three or four million on people, 0:20:35.560 --> 0:20:37.119 you know, going out and trying to get their neighbors 0:20:37.160 --> 0:20:40.879 to vote. So money really can make a difference if 0:20:40.920 --> 0:20:43.280 you don't have support, it can't necessarily make up a gap. 0:20:43.359 --> 0:20:45.320 But if you know, if you're close, if you're competitive, 0:20:45.600 --> 0:20:48.000 especially in a place like New Hampshire, that can help 0:20:48.000 --> 0:20:49.399 put a candidate over the edge. 0:20:49.680 --> 0:20:52.280 Got about thirty seconds left, Laura. So what kind of 0:20:52.359 --> 0:20:56.720 a finish is Nikki Haley's campaign really hoping for? Here 0:20:56.760 --> 0:20:59.720 we heard from Governor Sanu News saying she doesn't necessarily 0:20:59.760 --> 0:21:02.560 need a win to propel her campaign. But what kind 0:21:02.560 --> 0:21:05.040 of a margin does she need to carry her into 0:21:05.119 --> 0:21:07.280 South Carolina and on into Super Tuesday. 0:21:08.359 --> 0:21:10.879 She needs it to be really, really close. We're talking 0:21:10.960 --> 0:21:14.119 a couple points, you know, a near virtual tie for 0:21:14.160 --> 0:21:15.560 her to be able to make the case that she 0:21:15.600 --> 0:21:16.439 could take on Trump. 0:21:18.920 --> 0:21:21.840 This is Bloomberg day Break Today, your morning brief on 0:21:21.920 --> 0:21:25.440 the stories making news from Wall Street to Washington and beyond. 0:21:25.640 --> 0:21:28.639 Look for us on your podcast feed by six am 0:21:28.760 --> 0:21:32.960 Eastern each morning on Apple, Spotify, and anywhere else you 0:21:33.040 --> 0:21:34.120 get your podcasts. 0:21:34.400 --> 0:21:37.080 You can also listen live each morning starting at five 0:21:37.119 --> 0:21:39.720 am Wall Street time on Bloomberg eleven three to zero 0:21:39.760 --> 0:21:42.600 in New York, Bloomberg ninety nine to one in Washington, 0:21:42.720 --> 0:21:45.920 Bloomberg one oh six' one in Boston, and Bloomberg ninety 0:21:45.960 --> 0:21:47.359 sixty in San Francisco. 0:21:47.520 --> 0:21:51.040 Our flagship New York station, is also available on your 0:21:51.160 --> 0:21:55.840 Amazon Alexa devices. Just say Alexa play at Bloomberg eleven 0:21:55.920 --> 0:21:56.640 thirty plus. 0:21:56.720 --> 0:22:00.000 Listen coast to coast on the Bloomberg Business app, serious X, 0:22:00.280 --> 0:22:04.600 the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager. 0:22:04.400 --> 0:22:07.919 And I'm Maybe Morris. Join us again tomorrow morning for 0:22:08.119 --> 0:22:10.840 all the news you need to start your day right 0:22:10.880 --> 0:22:12.520 here on Bloomberg Daybreak