Remembering Joe Lieberman; Baltimore Bridge Latest

Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Amy 0:00:12.200 --> 0:00:15.080 Morris and I'm Karen Moscow. Here are the stories we're 0:00:15.120 --> 0:00:15.920 following today. 0:00:16.600 --> 0:00:18.920 Karen, we begin looking at the life and legacy of 0:00:19.040 --> 0:00:22.600 Joe Lieberman. The former senator and vice presidential candidate, has 0:00:22.640 --> 0:00:25.360 passed away at the age of eighty two. His family 0:00:25.400 --> 0:00:28.840 says he died from complications after a fall. There has 0:00:28.880 --> 0:00:31.360 been an outpouring of praise from those he worked with 0:00:31.400 --> 0:00:34.400 in politics, from both sides of the political aisle, a 0:00:34.520 --> 0:00:37.879 rarity in politics. Republican Lindsay Graham honored him with a 0:00:37.960 --> 0:00:40.680 lengthy post on X, calling him his dear friend with 0:00:40.720 --> 0:00:43.880 whom he had traveled the world. Former Speaker Nancy Pelosi 0:00:43.880 --> 0:00:46.560 said Joe Lieberman helped pave the way for Jewish Americans 0:00:46.560 --> 0:00:50.320 in public service, and Republican Senator Susan Collins of Maine 0:00:50.520 --> 0:00:53.920 just yesterday afternoon at a middle school event, was asked 0:00:54.120 --> 0:00:56.120 who her favorite person was to work with. 0:00:57.040 --> 0:01:00.360 I have been fortunate to work with an a lot 0:01:00.360 --> 0:01:04.160 of people that I really liked, but if I had 0:01:04.240 --> 0:01:10.400 to pick one person, it would be former Senator Joe Lieberman. 0:01:10.880 --> 0:01:14.400 In Lieberman's home state, Connecticut, Senator Richard Blumenthal said Lieberman 0:01:14.520 --> 0:01:17.560 was a courageous leader who worked to bridge gaps and 0:01:17.680 --> 0:01:20.760 unite people. Al Gore also issued a lengthy statement calling 0:01:20.800 --> 0:01:23.720 Liberman a man of deep integrity who dedicated his life 0:01:23.720 --> 0:01:25.360 to his country Milami. 0:01:25.400 --> 0:01:28.360 In two thousand, Liberman made history as the first Jewish 0:01:28.400 --> 0:01:31.759 American nominated on a major party ticket when al Gore 0:01:31.920 --> 0:01:33.440 chose him to be his running made. 0:01:33.560 --> 0:01:37.360 There are some people who might actually call Al's selection 0:01:37.440 --> 0:01:39.680 of me an act of Kutzbach. 0:01:40.240 --> 0:01:44.360 Umberman saw himself as a centrist Democrat, supporting abortion rights, 0:01:44.440 --> 0:01:48.040 environmental protections, gun control, and gay rights. But he was 0:01:48.120 --> 0:01:51.600 also a foreign policy hawk, with full throateded support at 0:01:51.640 --> 0:01:53.960 the two thousand and three invasion of a Rock, which 0:01:53.960 --> 0:01:56.160 made him less popular with Democratic voters. 0:01:56.480 --> 0:02:02.480 There is no more faithful, important, or difficult responsibility that 0:02:02.480 --> 0:02:06.880 the Constitution gives members of Congress than to decide when 0:02:07.320 --> 0:02:11.359 whether and how to authorize the President and his commander 0:02:11.400 --> 0:02:13.040 in chief to go to war. 0:02:13.600 --> 0:02:16.200 Five years later, Lieberman came close to joining the GOP 0:02:16.360 --> 0:02:19.560 ticket as John McCain's running mate. He eventually left the 0:02:19.600 --> 0:02:22.840 Democratic Party and finished his career as an independent. 0:02:23.440 --> 0:02:26.120 Joe Lieberman was also the founding member of the third 0:02:26.160 --> 0:02:28.640 party group No Labels, and he was a guest on 0:02:28.680 --> 0:02:32.280 Bloomberg's Balance of Power one week ago today explaining how 0:02:32.320 --> 0:02:36.080 Americans are in favor of a third party, this whole. 0:02:35.919 --> 0:02:41.440 Movement and No Labels to run a third choice Bipartisian unity. 0:02:41.480 --> 0:02:45.920 Tickets started because our members saw another Trump Biden race 0:02:46.000 --> 0:02:49.200 coming and thought the country could do better. 0:02:49.840 --> 0:02:51.240 Former Senator Joe Lieberman. 0:02:51.480 --> 0:02:53.320 We want to turn now though, to the latest on 0:02:53.360 --> 0:02:56.520 the deadly Baltimore A bridge collapse. The Coastguard says the 0:02:56.639 --> 0:03:01.280 salvage firm resolved Marine is heading to Baltimore begin recovery efforts. 0:03:01.320 --> 0:03:04.720 It's mobilizing to refloat and remove the ship that hit 0:03:04.760 --> 0:03:08.079 the bridge, and it comes as surch and recovery efforts continue, 0:03:08.080 --> 0:03:11.760 with officials saying six are presumed dead. Maryland State Plice 0:03:11.800 --> 0:03:15.880 Superintendent Colonel Roland Butler Junior says divers found two of 0:03:15.880 --> 0:03:17.560 the victims who lost their lives. 0:03:17.840 --> 0:03:21.400 Divers located red pickup truck submerged in approximately twenty five 0:03:21.440 --> 0:03:23.480 feet of water in the area of the middle span 0:03:24.000 --> 0:03:28.080 of the bridge. Divers recovered two victims of this tragedy 0:03:28.480 --> 0:03:29.600 trap within the vehicle. 0:03:30.000 --> 0:03:34.400 Maryland State Elie Superintendent Colonel Roland Butler Juniors says operations 0:03:34.480 --> 0:03:37.600 change to a search and recovery effort, with records becoming 0:03:37.640 --> 0:03:39.640 too dangerous for divers to operate. 0:03:40.320 --> 0:03:44.520 Transportation Secretary Pete boodhage Edge says funding the reconstruction of 0:03:44.560 --> 0:03:47.400 the Francis Scott Key Bridge in Baltimore is not a 0:03:47.440 --> 0:03:50.240 political issue. He says the project should not be delayed. 0:03:50.760 --> 0:03:51.920 This isn't going to happen overnight. 0:03:51.960 --> 0:03:54.360 The original bridge took about five years to put up, 0:03:54.880 --> 0:03:57.200 and this isn't going to be cheap either. But we 0:03:57.280 --> 0:04:00.920 do have emergency relief funds to help in these situations. 0:04:01.360 --> 0:04:04.760 We really cannot yet say what the total price tag 0:04:04.800 --> 0:04:05.120 will be. 0:04:05.680 --> 0:04:08.760 Transportation Secretary Pete budaj Edge made those comments in an 0:04:08.800 --> 0:04:11.360 interview with Bloomberg's Joe Matthew in Washington. 0:04:11.720 --> 0:04:15.120 Melami another major story we're following this morning. New York 0:04:15.200 --> 0:04:17.560 is on track to become the first US city with 0:04:17.680 --> 0:04:22.440 congestion tolls on drivers. Members of the Metropolitan Transportation Authority 0:04:22.480 --> 0:04:27.000 Board have voted to greenlight the congestion pricing plan, expected 0:04:27.000 --> 0:04:29.520 to go into effect in June. And here's MTA Chairman 0:04:29.600 --> 0:04:31.000 General liber New. 0:04:30.920 --> 0:04:33.680 York has the more traffic than any place in the 0:04:33.760 --> 0:04:36.120 United States, and now we're doing something about it. 0:04:36.600 --> 0:04:40.039 MTA Chairman General liber says the plan will charge most 0:04:40.120 --> 0:04:43.479 cars fifteen dollars for entering the borough south of sixtieth 0:04:43.520 --> 0:04:46.919 Street during peak times. It still faces lawsuits from small 0:04:46.920 --> 0:04:48.840 business owners and the state of New Jersey. 0:04:49.560 --> 0:04:52.440 The US government had its credit score affirmed by S 0:04:52.480 --> 0:04:54.800 and P Global Ratings at double A plus. It is 0:04:54.839 --> 0:04:58.200 the credit assessor's second highest ranking, even as the country 0:04:58.240 --> 0:05:00.200 continues to face fiscal challenges. 0:05:00.440 --> 0:05:02.599 Well, we turned to the markets now, Amy wall Street 0:05:02.680 --> 0:05:06.520 enters the final day of the first quarter in record territory. 0:05:06.560 --> 0:05:08.320 The S and P five hundred closed at an all 0:05:08.360 --> 0:05:11.520 time high yesterday. The indexes up ten percent so far 0:05:11.600 --> 0:05:14.600 this year and about twenty five percent since late October. 0:05:14.839 --> 0:05:17.240 And Karen that rally has been fueled in large part 0:05:17.279 --> 0:05:20.720 by artificial intelligence mania and the optimism the Fed will 0:05:20.760 --> 0:05:23.680 be cutting rates. One prominent FED official this morning is 0:05:23.720 --> 0:05:27.919 pushing back on that rates narrative. Reserve Governor Christopher Waller 0:05:27.960 --> 0:05:30.400 says there's no rush to move on monetary policy. 0:05:30.839 --> 0:05:33.520 In my view, it is appropriate to reduce the overall 0:05:33.600 --> 0:05:37.279 number of rate cuts or push them further into the 0:05:37.320 --> 0:05:39.800 future into response to the recent data. 0:05:41.040 --> 0:05:44.960 Federal Reserve Governor Christopher used the term no rush four 0:05:45.080 --> 0:05:47.760 times in his remarks to the Economic Club of New York. 0:05:48.320 --> 0:05:50.919 Well Amy, the Fed and investors will get a slew 0:05:50.960 --> 0:05:53.640 of data today ahead of the holiday shortened training week, 0:05:53.680 --> 0:05:56.000 and we get a preview from Bloomberg's Michael McKee. 0:05:56.240 --> 0:05:58.640 Initial jobless claims have been running around two hundred and 0:05:58.640 --> 0:06:01.760 ten thousand or so per week, suggesting companies are not 0:06:01.880 --> 0:06:05.039 getting rid of workers, a good sign for employment. The 0:06:05.120 --> 0:06:08.120 University of Michigan Sentiment Index, meanwhile, has seen a bit 0:06:08.160 --> 0:06:11.760 of a decline in consumer attitudes. It doesn't necessarily mean 0:06:11.800 --> 0:06:15.480 we stop spending, but another decline would be something to watch. 0:06:16.120 --> 0:06:18.839 More important is the survey's view of inflation, both in 0:06:18.880 --> 0:06:22.240 the next year and over the next five years. Consumers 0:06:22.240 --> 0:06:25.320 haven't seen inflation rising in recent months. That's a good 0:06:25.360 --> 0:06:29.680 sign for the Fed and the economic outlook. Michael McKee, Bloomberg. 0:06:29.279 --> 0:06:31.719 Radio Ry Mike, Thanks, and the most important data of 0:06:31.720 --> 0:06:34.359 the week comes tomorrow when the market's closed. It's the 0:06:34.360 --> 0:06:41.040 Fed's preferred gauge of inflation, the PCE deflator. Time now 0:06:41.040 --> 0:06:42.680 for a look at some of the other stories making 0:06:42.720 --> 0:06:44.719 news in New York and around the world. For that, 0:06:44.760 --> 0:06:47.880 we're joined by Bloomberg's Michael Barr Michael, good Morning, Good 0:06:47.960 --> 0:06:48.599 Morning Karen. 0:06:48.680 --> 0:06:52.040 President Biden will be joined by two former presidents in 0:06:52.080 --> 0:06:56.400 New York today for a big campaign fundraiser. The President 0:06:56.440 --> 0:07:00.320 will share a stage with former President Obama and former 0:07:00.360 --> 0:07:04.200 President Clinton. White House Press Secretary Karine Jean Pierre says, 0:07:04.240 --> 0:07:06.080 this is a one of a kind gathering. 0:07:06.440 --> 0:07:10.240 These are presidents to former president the current president that 0:07:10.360 --> 0:07:12.680 believe in what we're trying to do in the Bien 0:07:12.720 --> 0:07:15.440 Harris administration, trying to move this country forward. 0:07:15.720 --> 0:07:19.679 The event will be at Radio City Music Hall. Awake 0:07:19.800 --> 0:07:22.200 will be held today for fall in New York City 0:07:22.200 --> 0:07:26.040 police officer Jonathan Diller. Last night, vigils were held in 0:07:26.120 --> 0:07:29.280 Queen's and on Long Island for Diller, who was shot 0:07:29.320 --> 0:07:32.320 and killed during a traffic stop in Queen's on Monday. 0:07:32.720 --> 0:07:35.960 Family and friends of Diller, who was thirty one years old, 0:07:36.400 --> 0:07:39.520 gathered at Brady Park in Massapequa Park, where he lived. 0:07:39.920 --> 0:07:41.720 Diller's brother in law, Joseph. 0:07:41.480 --> 0:07:46.000 Leinout family was number one in his life. 0:07:46.640 --> 0:07:53.880 His sister, his brother, his mother, his wife, and his 0:07:53.960 --> 0:07:54.920 son Ryan. 0:07:57.480 --> 0:07:59.560 He taught me how to be a better person. 0:08:00.280 --> 0:08:05.080 Courtesy of ABC seven. Funeral services for Dillar are on Saturday. Meanwhile, 0:08:05.160 --> 0:08:08.240 the first of two suspects in Dillar's death has been 0:08:08.320 --> 0:08:11.720 charged and held without bail. Police say Lindy Jones, who 0:08:11.920 --> 0:08:14.600 is forty one, was behind the wheel at the time 0:08:14.600 --> 0:08:18.000 at the deadly shooting. Authority saved the suspected shooter. Thirty 0:08:18.000 --> 0:08:21.320 four year old Guy Rivera remains in the hospital after 0:08:21.360 --> 0:08:24.840 he was shot by Diller's partner. Both Rivera and Jones 0:08:24.880 --> 0:08:29.000 have lengthy criminal records. A California judge says John Eastman 0:08:29.240 --> 0:08:34.440 should be disbarred for knowingly making bogus, unfounded arguments that 0:08:34.640 --> 0:08:39.239 alleged election irregularities cost Donald Trump the White House, undermining 0:08:39.240 --> 0:08:43.600 the constitution and faith in the electoral process. California State 0:08:43.679 --> 0:08:48.080 Bar Court Judge Evett Roland rejected Eastman's contentions that he 0:08:48.200 --> 0:08:51.600 was acting in good faith in advising a client and 0:08:51.800 --> 0:08:54.840 was exercising his First Amendment rights in the comments he 0:08:54.920 --> 0:08:58.320 made at the January sixth, twenty twenty one rally at 0:08:58.360 --> 0:09:00.920 the National Mall just before the sold upon the US 0:09:00.960 --> 0:09:04.480 Capitol this morning in Manhattan. Sam Bankman Freed will be 0:09:04.520 --> 0:09:08.679 sentenced for what's been called one of the biggest financial 0:09:08.720 --> 0:09:12.360 frauds in US history. Global news twenty four hours a 0:09:12.400 --> 0:09:14.720 day and whenever you want it with Bloomberg News Now. 0:09:15.120 --> 0:09:17.120 Michael barrb this is Bloomberg Hern. 0:09:17.120 --> 0:09:18.920 All right, Michael Barr, thank you. It's time now for 0:09:18.960 --> 0:09:22.160 the Bloomberg Sports Update, brought to you by Tri State Audie, 0:09:22.160 --> 0:09:23.520 and here's John Stenshower. 0:09:23.720 --> 0:09:25.440 John, Thanks Karin. 0:09:25.480 --> 0:09:28.480 It's Opening day. All thirty teams were scheduled to play. 0:09:28.520 --> 0:09:30.480 The Mets game at City Field with Milwaukee was to 0:09:30.520 --> 0:09:32.319 be the first game of the day, but the decision 0:09:32.320 --> 0:09:34.880 made yesterday to rein it out. It's why they make 0:09:34.960 --> 0:09:37.839 Friday an off days. So the met opener first game 0:09:37.880 --> 0:09:41.199 for new manager Carlos Mendozo will be tomorrow. Yankees will 0:09:41.240 --> 0:09:44.360 play four o'clock in Houston. With the Garrett Cole injury, 0:09:44.360 --> 0:09:47.199 it's Nestor Cortes on the map. DJ LeMay, who also 0:09:47.280 --> 0:09:50.000 starting the season on the injured list of the Yanks 0:09:50.080 --> 0:09:54.760 just acquired and infielder johns Bertie from Miami Shoeotani's first 0:09:54.760 --> 0:09:58.320 Dodger home game. His deal is for seven hundred million dollars. 0:09:58.360 --> 0:10:01.600 The Dodgers made deals with four others, the total seven 0:10:01.720 --> 0:10:04.720 hundred million more. They just extended catcher Will Smith for 0:10:04.840 --> 0:10:08.800 ten more seasons. NCAA tournament back tonight with double headers 0:10:08.840 --> 0:10:12.360 in Boston and La. Yukon takes on San Diego State. 0:10:12.679 --> 0:10:14.959 That's the team they beat in last year's championship game. 0:10:15.040 --> 0:10:18.200 Iowa State meets Illinois. That's a game between the winners 0:10:18.200 --> 0:10:21.040 of the recent Big Twelve and Big Ten tourneys. Arizona 0:10:21.080 --> 0:10:24.800 takes on Clemson. North Carolina meets Alabama. Seaton Hall got 0:10:24.840 --> 0:10:27.720 snubbed by the NCUBA, settle for the NIT and now 0:10:27.800 --> 0:10:30.720 headed to Indianapolis for next week's Final four. The Pirates 0:10:31.040 --> 0:10:35.160 blew out UNLV by twenty three, also a blowout in Toronto. 0:10:35.280 --> 0:10:37.880 Knicks put up forty five points in the first quarter 0:10:38.280 --> 0:10:40.560 eighty in the first half. They beat the Raptors, who've 0:10:40.600 --> 0:10:42.880 lost twelve in a row, one forty five to one 0:10:42.880 --> 0:10:45.640 oh one. Nick shot fifty nine percent. They made half 0:10:45.720 --> 0:10:48.720 their three pointers next one in overtime. In Washington. John 0:10:48.720 --> 0:10:50.360 Stshower Bloomberg. 0:10:49.920 --> 0:10:56.800 Sports Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:10:57.000 --> 0:10:59.920 and around the world on Bloomberg dot Com and the 0:11:00.000 --> 0:11:03.920 Bloomberg Business. This is Bloomberg Daybreak. 0:11:04.000 --> 0:11:06.760 And we continue our coverage off the Baltimore Bridge collapse, 0:11:06.840 --> 0:11:10.400 our conversation with Transportation Secretary Pete Boodhage Edge. He joined 0:11:10.400 --> 0:11:13.640 Bloomberg's Joe Matthew to talk about the timetable for rebuilding 0:11:13.640 --> 0:11:17.600 the bridge, engaging lawmakers on the emergency funding request, and 0:11:17.640 --> 0:11:20.800 freeing those ships still trapped in the Baltimore Port. Let's 0:11:20.800 --> 0:11:22.160 go here part of that discussion. 0:11:22.600 --> 0:11:26.400 Unfortunately, recovery is not easy. There is poor visibility, there 0:11:26.440 --> 0:11:28.959 are tides in and out. But I'll tell you, having 0:11:29.040 --> 0:11:31.679 met some of the divers yesterday as they came out 0:11:31.720 --> 0:11:34.240 of the water for what was at that time still 0:11:34.320 --> 0:11:37.520 a search and rescue mission, the best people are working 0:11:37.600 --> 0:11:40.200 on this. I talked to the fire chief. His only 0:11:40.280 --> 0:11:45.319 concern was that his people weren't necessarily inclined to pace themselves. 0:11:45.600 --> 0:11:47.120 They came off a shift or out of the water, 0:11:47.160 --> 0:11:49.800 and we're already thinking about going back in. People are 0:11:49.800 --> 0:11:51.600 moving heaven and earth on that. And in the meantime, 0:11:51.640 --> 0:11:54.280 what we know is that there are six families that 0:11:55.160 --> 0:11:58.280 everything was normal for them two days ago, and now 0:11:58.280 --> 0:12:00.560 their lives are never going to be the same seventh 0:12:00.760 --> 0:12:03.520 who was very seriously injured and were waiting for word 0:12:04.240 --> 0:12:05.320 on their condition as well. 0:12:06.440 --> 0:12:09.600 You have now received an emergency funding request, Secretary from 0:12:09.640 --> 0:12:12.679 authorities in Maryland. How much is the state asking for 0:12:12.760 --> 0:12:15.280 and how quickly will the administration act on that. 0:12:16.559 --> 0:12:19.720 We're going to process this request immediately. We've got to 0:12:19.760 --> 0:12:22.640 make sure that funding is not a source of delay 0:12:23.240 --> 0:12:26.480 in getting to work. And our Federal Highways Administration team 0:12:26.800 --> 0:12:30.600 already sitting down with the Maryland dot to talk design, procurement, 0:12:30.640 --> 0:12:33.240 and what it's going to take to scope and launch 0:12:33.320 --> 0:12:35.680 that project of getting a new bridge built. This isn't 0:12:35.679 --> 0:12:37.960 going to happen overnight. The original bridge took about five 0:12:38.040 --> 0:12:40.760 years to put up, and this isn't going to be 0:12:40.840 --> 0:12:43.640 cheap either. But we do have emergency relief funds to 0:12:43.760 --> 0:12:47.800 help in these kinds of situations. We really cannot yet 0:12:47.840 --> 0:12:51.000 say what the total price tag will be. One thing 0:12:51.040 --> 0:12:52.800 I would point to is in two thousand and seven 0:12:52.840 --> 0:12:55.920 that Minnesota bridge collapse. It was a different situation, but 0:12:55.960 --> 0:12:58.120 it was another time when the federal government came in 0:12:58.400 --> 0:13:01.480 to help Minnesota rebuild that costs about two hundred and 0:13:01.480 --> 0:13:05.640 sixty million dollars. This is a larger span of a bridge, 0:13:05.960 --> 0:13:07.760 likely in many ways more complex project. 0:13:07.880 --> 0:13:10.360 This may not go easily on Capitol Hill. Have you 0:13:10.400 --> 0:13:13.880 begun engaging lawmakers already on what will be your emergency 0:13:13.880 --> 0:13:14.640 funding request. 0:13:15.120 --> 0:13:15.360 Yes. 0:13:15.400 --> 0:13:18.960 We had a conversation yesterday with members of the Maryland delegation, 0:13:19.440 --> 0:13:25.200 Senators Cardon and Van holland several House members, including the 0:13:25.240 --> 0:13:29.840 representators who look after the area most directly impacted. I 0:13:29.880 --> 0:13:32.000 know they're going to leave nothing to chance in terms 0:13:32.000 --> 0:13:35.560 of making sure the resources are there. Look, I know 0:13:35.600 --> 0:13:38.280 that politics are divisive right now, but this can't be 0:13:38.320 --> 0:13:39.120 a political issue. 0:13:39.120 --> 0:13:40.560 This can be a part of an issue. 0:13:40.880 --> 0:13:43.520 And to anybody who's on the fence on that, when 0:13:43.559 --> 0:13:45.680 the time comes, I would just say, you know, this 0:13:45.760 --> 0:13:48.280 is happening in Baltimore today, it could be your district next, 0:13:48.320 --> 0:13:50.680 and we always do best when we pulled together and 0:13:50.720 --> 0:13:52.720 support any one part of our country that's hurting. 0:13:53.080 --> 0:13:54.960 You said earlier in the White House briefing, the most 0:13:54.960 --> 0:13:57.840 immediate jobs are channel cleanup and reopening. Part of that, 0:13:57.880 --> 0:13:59.680 of course, is going to be moving the Dolly itself, 0:13:59.679 --> 0:14:01.760 which I know is a very delicate matter. Do you 0:14:01.800 --> 0:14:03.440 have any sense though, of how long it will take 0:14:03.760 --> 0:14:06.560 to free the forty sum ships we understand are trapped 0:14:06.720 --> 0:14:07.240 in the port. 0:14:07.679 --> 0:14:09.559 I think it will take a while. And those are 0:14:10.160 --> 0:14:13.280 ships that were obviously concerned about. They even include vessels 0:14:13.280 --> 0:14:17.120 that are overseen by the Department of Transportation, though those 0:14:17.160 --> 0:14:20.440 ships are not currently actively tasked. There are vessels that 0:14:20.520 --> 0:14:22.880 had cargo loads on them. They are being offloaded. And 0:14:22.960 --> 0:14:25.080 also cruise ships that were planning to head to Baltimore 0:14:25.080 --> 0:14:28.280 are no longer obviously going to be able to birth 0:14:28.280 --> 0:14:31.560 where they had planned to. We just don't know yet 0:14:31.640 --> 0:14:33.640 how long it's going to take to clear that channel. 0:14:34.040 --> 0:14:35.920 We do know that there are other ports that are 0:14:35.960 --> 0:14:38.480 preparing to absorb some of the traffic that's been diverted. 0:14:38.640 --> 0:14:40.360 You talk to the about the Freight office that you 0:14:40.440 --> 0:14:43.720 created during the pandemic and the supply chain crisis that 0:14:43.760 --> 0:14:45.720 I know the administration has spent a lot of time 0:14:45.760 --> 0:14:48.920 on that office has been busy working with supply chain 0:14:49.040 --> 0:14:55.080 stakeholders in this case to reappropriate I presume routes and destinations. 0:14:55.160 --> 0:14:57.520 Do you have a plan now for cars for coal 0:14:57.920 --> 0:14:59.960 to land in other ports on the East Coast. 0:15:00.240 --> 0:15:00.440 Yeah. 0:15:00.440 --> 0:15:02.480 What we're seeing right now is other ports are preparing 0:15:02.520 --> 0:15:05.400 to absorb some of those shipments. It really depends though, 0:15:05.480 --> 0:15:08.920 on the type of shipment containers obviously pretty standardized. A 0:15:08.960 --> 0:15:11.680 lot of places are equipped to handle shipping containers, but 0:15:12.080 --> 0:15:14.320 this is also a significant port for sugar. There are 0:15:14.320 --> 0:15:17.160 only so many places that can handle that particular type 0:15:17.160 --> 0:15:20.160 of shipment. There are other specific types of shipments that 0:15:20.200 --> 0:15:23.080 we're tracking to. That's exactly why we're so glad that 0:15:23.120 --> 0:15:25.360 this freight office is up and running. This was created 0:15:25.400 --> 0:15:28.400 by the President's by PARS and Infrastructure package. We stood 0:15:28.400 --> 0:15:31.840 it up in accordance with that legislation, and it is 0:15:31.880 --> 0:15:34.760 coming in handy. It's already been helpful navigating some of 0:15:34.800 --> 0:15:37.240 the disruptions on the Red Sea due to HOOKI attacks, 0:15:37.440 --> 0:15:39.360 and this is just one more case where it's showing 0:15:39.400 --> 0:15:40.960 the value of that coordination. 0:15:41.080 --> 0:15:42.880 You said earlier, this is not going to be simple, 0:15:42.960 --> 0:15:45.400 quick or easy. Do you have any idea how many 0:15:45.440 --> 0:15:48.240 years it will be before vehicles are crossing a new 0:15:48.240 --> 0:15:49.560 bridge in Baltimore. 0:15:49.680 --> 0:15:51.600 It's simply too soon to say. But what I will 0:15:51.600 --> 0:15:52.160 say is. 0:15:52.560 --> 0:15:55.400 We are going to work aggressively to support Maryland doing 0:15:55.480 --> 0:15:58.880 that as quickly as they safely and responsibly can. We 0:15:58.880 --> 0:16:01.200 should learn more very soon about the condition of the 0:16:01.200 --> 0:16:03.440 portions of the bridge that did not collapse, and the 0:16:03.480 --> 0:16:05.560 condition of some of the infrastructure. 0:16:04.920 --> 0:16:06.160 That is below the waterline. 0:16:06.520 --> 0:16:08.480 That will help to inform an estimate of what it's 0:16:08.520 --> 0:16:10.720 going to take, but just too soon to put a 0:16:10.760 --> 0:16:11.200 date on it. 0:16:12.640 --> 0:16:16.040 You're listening to Bloomberg Daybreak today, your morning brief on 0:16:16.080 --> 0:16:19.960 the stories making news from Wall Street to Washington and beyond. 0:16:20.160 --> 0:16:22.920 Look for us on your podcast feed at six am 0:16:23.000 --> 0:16:26.640 Eastern each morning, on Apple, Spotify, and anywhere else you 0:16:26.720 --> 0:16:27.960 get your podcasts. 0:16:28.280 --> 0:16:31.520 You can also listen live each morning starting at five 0:16:31.560 --> 0:16:34.720 am Wall Street time on Bloomberg eleven three to zero 0:16:34.760 --> 0:16:37.960 in New York, Bloomberg ninety nine to one in Washington, 0:16:38.320 --> 0:16:41.920 Bloomberg one oh sixty one in Boston, and Bloomberg nine 0:16:42.040 --> 0:16:43.600 sixty in San Francisco. 0:16:44.360 --> 0:16:47.520 Our flagship New York station is also available on your 0:16:47.560 --> 0:16:53.080 Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. 0:16:53.320 --> 0:16:57.200 Listen coast to coast on the Bloomberg Business app, Sirius XM, 0:16:57.480 --> 0:17:02.640 the iHeartRadio app, and on Bloomberg. I'm Amy Morris and 0:17:02.720 --> 0:17:03.760 I'm Karen Moscow. 0:17:03.960 --> 0:17:06.720 Join us again tomorrow morning for all the news you 0:17:06.840 --> 0:17:10.040 need to start your day right here on Bloomberg Daybreak