Latest Election Results, U.S. Weighing China Chip Sanctions

Bloomberg Audio Studios, Podcasts, radio News. 0:00:11.000 --> 0:00:11.559 Good morning. 0:00:11.600 --> 0:00:14.440 I'm Nathan Hager and I'm Karen Moscow. Here are the 0:00:14.480 --> 0:00:15.960 stories we're following today. 0:00:16.520 --> 0:00:18.400 We begin with politics. 0:00:18.520 --> 0:00:23.200 Primary elections were held last night in Arizona, Florida, Illinois, Kansas, 0:00:23.280 --> 0:00:27.160 and Ohio, and former President Donald Trump won all five 0:00:27.280 --> 0:00:31.360 Republican primaries with seventy five to eighty one percent support. 0:00:31.720 --> 0:00:34.440 President Biden did the same on the Democratic side, except 0:00:34.440 --> 0:00:37.160 in Florida, which canceled its primary. He won with eighty 0:00:37.200 --> 0:00:40.360 three to ninety one percent of the vote. Kansas was 0:00:40.440 --> 0:00:42.680 the only state with a none of the above option 0:00:42.800 --> 0:00:45.440 on the Democratic ballot that took ten percent. 0:00:45.920 --> 0:00:48.400 Well as for the down ballot races, Nathan, it was 0:00:48.440 --> 0:00:51.840 a good night for Trump back candidates. In Ohio, businessman 0:00:51.960 --> 0:00:55.480 Bernie Moreno defeated two other Republicans with fifty percent of 0:00:55.520 --> 0:00:58.400 the vote to take on Democratic incumbent Sharon Brown for 0:00:58.560 --> 0:00:59.160 US Senate. 0:00:59.640 --> 0:01:03.440 I want to President Trump for all he did for me, 0:01:03.760 --> 0:01:07.839 for this campaign, for his unwavering support, for his love 0:01:08.000 --> 0:01:09.520 of this country. 0:01:09.680 --> 0:01:13.319 Several other Republicans advanced with the former president support. Derek 0:01:13.400 --> 0:01:17.000 Merin will take on Democratic Congresswoman Marcy Captor in Ohio 0:01:17.120 --> 0:01:20.360 this November, he won the GOP primary with fifty two 0:01:20.400 --> 0:01:23.560 percent of the vote. In Illinois, Mike bost is leading 0:01:23.680 --> 0:01:26.560 Darren Bailey fifty two percent to forty eight percent. The 0:01:26.600 --> 0:01:30.240 Associated Press is not called the race, but Bailey has conceded. 0:01:30.520 --> 0:01:33.959 And in California, Trump backed Republican Vince Fong advanced to 0:01:34.000 --> 0:01:36.440 a runoff with forty two percent of the vote to 0:01:36.440 --> 0:01:39.679 fill the seat left open by former House Speaker Kevin McCarthy. 0:01:39.959 --> 0:01:43.520 He'll face fellow Republican Mike Boudreau, who won twenty four 0:01:43.560 --> 0:01:46.120 percent in the May twenty first special election. 0:01:46.360 --> 0:01:46.760 Thank Karen. 0:01:46.760 --> 0:01:49.480 There are new developments this morning regarding that migrant arrest 0:01:49.560 --> 0:01:50.640 law in Texas. 0:01:50.680 --> 0:01:52.320 It is back on hold. 0:01:52.640 --> 0:01:55.720 Just hours after the law briefly took effect, a federal 0:01:55.760 --> 0:01:59.400 appeals court prevented Texas from arresting and deporting migrants who 0:01:59.400 --> 0:02:02.919 accused of entering the US illegally. The three judge panel 0:02:02.920 --> 0:02:05.360 acted after the Supreme Court returned the matter to the 0:02:05.400 --> 0:02:08.560 New Orleans based Fifth US Circuit with instructions to quickly 0:02:08.600 --> 0:02:10.440 resolve open questions in the case. 0:02:10.840 --> 0:02:12.960 Now, Nathan to the latest on the war in the 0:02:13.000 --> 0:02:16.360 Middle East. Israeli Prime Minister Benjamin Netanya, who will speak 0:02:16.400 --> 0:02:19.360 with Senate Republicans later today, and we get this story 0:02:19.600 --> 0:02:21.800 from Bloomberg Steve Potisk in Washington. 0:02:22.120 --> 0:02:24.680 The call will be via video and comes a week 0:02:24.720 --> 0:02:28.120 after the Chambers top Democrat, Chuck Schumer, called for elections 0:02:28.120 --> 0:02:31.480 to replace him. Schumer, an ally of Israel and Congress 0:02:31.520 --> 0:02:34.760 for decades, had urged Netting Yahoo's government to do more 0:02:34.800 --> 0:02:38.320 to avoid civilian casualties and allow a to flow more 0:02:38.400 --> 0:02:43.160 freely to Gaza residents. Senate Republican Conference Chairman John Barrasso 0:02:43.400 --> 0:02:47.800 invited Netting Yahoo to speak today. Barrasso, along with other Republicans, 0:02:47.840 --> 0:02:52.720 have condemned Schumer's remarks in Washington. Steve Potisk Bloomberg Radio. 0:02:52.840 --> 0:02:53.840 All right, Steve, thank you. 0:02:53.840 --> 0:02:56.680 Another geopolitical news, the Biden administration is said to be 0:02:56.720 --> 0:03:01.960 considering sanctions for Huawei's secretive chip network. Bloomberg's Brian Curtis 0:03:02.000 --> 0:03:03.080 has more. From Hong Kong. 0:03:03.480 --> 0:03:07.240 Sources say the US could blacklist Chinese semiconductor firms. This 0:03:07.360 --> 0:03:11.840 comes after Huawei not a significant technological breakthrough last year. Now, 0:03:11.880 --> 0:03:14.360 such a move would mark another escalation in a US 0:03:14.440 --> 0:03:19.200 campaign to ring fence China's AI and semiconductor ambitions. Source 0:03:19.240 --> 0:03:21.919 to say most of the Chinese entities affected were previously 0:03:21.960 --> 0:03:26.559 identified as chip making facilities. These are facilities built by Huawei. 0:03:26.840 --> 0:03:29.600 No final decisions have yet been made in Hong Kong. 0:03:29.680 --> 0:03:31.320 Brian Curtis, Bloomberg. 0:03:30.919 --> 0:03:33.960 Radio, All right, Brian, thanks well, Futures are mostly lower 0:03:34.000 --> 0:03:35.800 this morning, a day after the S and P five 0:03:35.880 --> 0:03:38.920 hundred closed at an all time high. Today's attention turns 0:03:38.960 --> 0:03:41.880 to the Fed. Well, there might not be much anticipation 0:03:42.000 --> 0:03:44.760 on the decision. No rate cut expected. There is a 0:03:44.760 --> 0:03:47.040 lot of interest in what Jay Powell and companies say 0:03:47.040 --> 0:03:49.640 about the future of monetary policy, and we get a 0:03:49.640 --> 0:03:51.480 preview from Bloomberg's Michael McKee. 0:03:51.520 --> 0:03:54.280 It's not about rates this time. The first thing investors 0:03:54.320 --> 0:03:57.400 will look at is the dot plot sticky inflation readings 0:03:57.400 --> 0:04:00.480 the past two months of spawned predictions. The median will 0:04:00.480 --> 0:04:03.760 indicate fewer rate cuts this year, to just two from 0:04:03.800 --> 0:04:06.880 three forecasts last December. Second on the watch list the 0:04:06.880 --> 0:04:10.600 Summary of Economic Projections, the economic forecasts of the nineteen 0:04:10.640 --> 0:04:14.240 members of the Fed's Rate Setting Committee. Those inflation readings 0:04:14.280 --> 0:04:18.119 have endless anticipating Fed officials will revise their twenty twenty 0:04:18.120 --> 0:04:21.480 four rate projections higher. There are also questions about whether 0:04:21.520 --> 0:04:25.000 the year end forecast unemployment rate will move higher as well. 0:04:25.520 --> 0:04:28.040 And finally, bond investors in particular will want to know 0:04:28.320 --> 0:04:31.360 what officials discussed about future plans for running down the 0:04:31.400 --> 0:04:35.320 Fed's balance sheet. Was a decision made to taper the runoff? 0:04:35.680 --> 0:04:37.119 Michael McKee, Bloomberg Radio. 0:04:37.240 --> 0:04:40.240 Okay, Mike thanks. The economy is also in focus in Europe. 0:04:40.400 --> 0:04:43.800 UK inflation fell more sharply than expected. In fact, it 0:04:43.800 --> 0:04:45.920 cooled to the lowest level in two and a half years. 0:04:46.279 --> 0:04:49.320 The consumer price index rose three point four percent in 0:04:49.360 --> 0:04:51.800 February from a year earlier. That's slower than the four 0:04:51.839 --> 0:04:54.800 percent pace the month before. Economists say the data keep 0:04:54.800 --> 0:04:57.280 the Bank of England on track to reduce interest rates 0:04:57.360 --> 0:04:58.120 later this year. 0:04:59.000 --> 0:05:01.599 In company news this by Morning, Nathan shares of JP 0:05:01.720 --> 0:05:04.480 Morgan Chase are little change in early training. It is 0:05:04.520 --> 0:05:06.880 boosting its dividend by nine and a half percent. We 0:05:06.920 --> 0:05:09.200 get this story from a Bloomberg's Charlie Pellett. 0:05:09.360 --> 0:05:11.719 The New York based bank lifted its dividend to a 0:05:11.800 --> 0:05:15.599 dollar fifteen a share after reporting a record profit last year. 0:05:15.960 --> 0:05:19.440 The unexpected increase marks the second time in the past 0:05:19.480 --> 0:05:24.200 twelve months, the JP Morgan Chase has boosted its quarterly payout. 0:05:24.440 --> 0:05:28.240 JP Morgan Chase generated about fifty billion dollars of net 0:05:28.279 --> 0:05:31.359 income in twenty twenty three and had raised the payout 0:05:31.400 --> 0:05:34.320 by five percent to a dollar five a share for 0:05:34.360 --> 0:05:38.080 the third quarter. So far this year, JP Morgan Chase 0:05:38.080 --> 0:05:41.479 shares are up thirteen point nine percent at next reports 0:05:41.480 --> 0:05:45.480 earnings April twelfth in New York. Charlie Pellett, Bloomberg Radio, 0:05:45.640 --> 0:05:47.680 all right, Charlie, thank you. It's a very big day 0:05:47.720 --> 0:05:50.599 on the IPO market. Bloomberg News has learned a Stereo 0:05:50.720 --> 0:05:53.200 Labs is said to raise about seven hundred and thirteen 0:05:53.320 --> 0:05:57.560 million dollars, tapping demand for investors related to artificial intelligence. 0:05:57.839 --> 0:06:00.840 Sources say Astera and the current stockholder are selling almost 0:06:00.880 --> 0:06:04.320 twenty million shares for thirty six dollars each. Jay Woods 0:06:04.360 --> 0:06:08.159 is chief Global Strategistic Freedom Capital Markets and Stara is. 0:06:08.040 --> 0:06:10.960 An AI plane. What's hotter than AI? Right now? 0:06:11.200 --> 0:06:14.640 That to me, you could see a little euphoria and 0:06:14.680 --> 0:06:17.640 you could see that thirty percent pop. It's not where 0:06:17.680 --> 0:06:20.800 it opens and how it trades after the opening and 0:06:20.839 --> 0:06:23.360 then the subsequent a few days, Let's see how they 0:06:23.480 --> 0:06:25.960 do a week two weeks later. 0:06:26.000 --> 0:06:29.239 Jay Woods of Freedom Capital says the starebackers include Intel, 0:06:29.360 --> 0:06:31.880 along with Sutter Hill Ventures and Nathan. 0:06:31.920 --> 0:06:35.840 Another highly anticipated ipo prices tonight. We're talking about Reddit, 0:06:35.880 --> 0:06:38.320 and we get more from Bloomberg's Bailey Lipschaltz. 0:06:38.560 --> 0:06:41.839 Social media platforms first time share sale will price later 0:06:41.880 --> 0:06:45.080 this evening before debuting on Thursday. Expectations are for it 0:06:45.160 --> 0:06:47.359 to be valued around six billion dollars. 0:06:47.520 --> 0:06:49.040 That's a sharp drop off from the. 0:06:49.000 --> 0:06:51.159 Ten billion dollars where it was valued in a private 0:06:51.240 --> 0:06:54.280 round back in twenty twenty one. Analysts and investors are 0:06:54.360 --> 0:06:57.000 keen to see how it does after selling shares to 0:06:57.120 --> 0:07:00.280 loyal users, which could draw some flack. Those moderate and 0:07:00.320 --> 0:07:03.240 people with so called high karma scores are able to 0:07:03.240 --> 0:07:06.040 buy into the ipo, so it'll be interesting to see 0:07:06.160 --> 0:07:09.359 how Reddit performs in trades in the wake of a 0:07:09.520 --> 0:07:12.680 dearth of technology IPOs after arm back at the end 0:07:12.720 --> 0:07:13.320 of last year. 0:07:13.560 --> 0:07:16.240 And that's Bloomberg's Bailey Lipshaltz, who says redd It will 0:07:16.320 --> 0:07:22.720 trade under the ticker RDDT. And it's time now for 0:07:22.760 --> 0:07:24.440 a look at some of the other stories and making 0:07:24.480 --> 0:07:26.400 news in New York and around the world. For that. 0:07:26.440 --> 0:07:29.800 We're joined by Bloomberg's Michael Barr, Michael good Morning, Good. 0:07:29.560 --> 0:07:32.800 Morning Care and New York Mayor Eric Adams again denied 0:07:32.800 --> 0:07:36.800 allegations in a lawsuit accusing him of sexually assaulting a 0:07:36.800 --> 0:07:40.240 former colleague in nineteen ninety three. Adams says it did 0:07:40.280 --> 0:07:43.440 not happen. The woman first filed a notice of claim 0:07:43.480 --> 0:07:47.120 in November under the Adult Survivors Act. It is a 0:07:47.160 --> 0:07:50.560 state law that suspends for a year the usual time 0:07:50.640 --> 0:07:54.360 limit to sue over an alleged sexual assault. Adams once 0:07:54.360 --> 0:07:57.200 again denied the allegation yesterday during a news conference. 0:07:57.560 --> 0:08:02.680 I don't recall a meeting in person, and that is 0:08:02.720 --> 0:08:04.200 not who I am as a person. 0:08:04.640 --> 0:08:07.160 In the lawsuit, the accuser says she was seeking a 0:08:07.160 --> 0:08:10.720 promotion in the New York Transit Police Department and asked 0:08:10.800 --> 0:08:14.120 Adams for help. Adams, then a police officer and member 0:08:14.160 --> 0:08:17.720 of the Guardians Association, is alleged in the lawsuit to 0:08:17.800 --> 0:08:20.600 have driven the woman to a vacant lot and demanded 0:08:20.640 --> 0:08:24.200 sexual acts. A US district judge sentenced two of six 0:08:24.280 --> 0:08:27.760 Mississippi law enforcement officials for the racist torture of two 0:08:27.840 --> 0:08:32.959 black men. Former deputy Hunter Elward received more than seventeen years, 0:08:32.960 --> 0:08:36.800 and Lieutenant Jeffrey Middleton got twenty years. They were among 0:08:36.880 --> 0:08:39.720 the six who gave themselves the name the Goon Squad 0:08:40.120 --> 0:08:43.040 because they did not follow the rules and often subjected 0:08:43.080 --> 0:08:47.559 the people they deemed suspects to humiliating torture. Last year, 0:08:47.600 --> 0:08:50.120 the Goon Squad burst into the home of a white 0:08:50.120 --> 0:08:53.520 woman without a warrant after a white neighbor reported several 0:08:53.559 --> 0:08:57.440 black males were staying in the home. Victims, Michael Jenkson, 0:08:57.559 --> 0:09:00.800 who was shot in the mouth, and any park brought 0:09:00.800 --> 0:09:03.480 a lawsuit, which led to an investigation that put a 0:09:03.520 --> 0:09:07.240 stop to the violence. Parker spoke after the sentencing, you know, 0:09:07.320 --> 0:09:09.440 it's given him what it's done. I forgive that part 0:09:11.240 --> 0:09:13.120 he still did, you know what I'm saying, what he 0:09:13.200 --> 0:09:15.600 did and he has to be punished with it. Four 0:09:15.679 --> 0:09:19.680 more deputies will be sentenced today and tomorrow. Donald Trump 0:09:19.760 --> 0:09:22.840 is suggesting that he'd support a national ban on abortions 0:09:23.120 --> 0:09:27.040 around fifteen weeks of pregnancy, voicing for the first time 0:09:27.160 --> 0:09:30.600 support for a specific limit on the procedure. The former president, 0:09:30.640 --> 0:09:33.400 in a radio interview yesterday, says people are agreeing on 0:09:33.480 --> 0:09:37.160 fifteen and I'm thinking in terms of that hor mortal 0:09:37.520 --> 0:09:41.600 contraceptives can now be dispensed by New York pharmacists without 0:09:41.640 --> 0:09:45.199 a prescription. Those participating pharmacies can provide up to a 0:09:45.280 --> 0:09:50.240 twelve month supply of the medication. Meanwhile, it said that 0:09:50.720 --> 0:09:53.800 the Governor is trying to make it a way for 0:09:54.000 --> 0:09:57.760 New York and healthcare sanctuaries for women as. 0:09:57.640 --> 0:09:59.920 Long as I'm governor, their rights are protected. 0:10:00.240 --> 0:10:02.760 That this is deeply personal to me as a mother 0:10:02.880 --> 0:10:04.960 and a woman in this state. 0:10:05.600 --> 0:10:08.520 New York Governor Kathy Hokel Global News twenty four hours 0:10:08.559 --> 0:10:10.480 a day, whenever you want it with Bloomberg News. Now, 0:10:10.600 --> 0:10:12.439 I'm Michael barrb this is Bloomberg Karen. 0:10:12.720 --> 0:10:19.480 All right, Michael Barr, thank you, but his time now 0:10:19.480 --> 0:10:22.079 for the Bloomberg Sports Update, brought to you by Tri 0:10:22.240 --> 0:10:24.479 State Outie, and we bring in John Stashaur. 0:10:24.559 --> 0:10:26.120 John, Good morning, Give morning, Karen. 0:10:26.640 --> 0:10:29.560 The Jets started slowly in free agency, but after recently 0:10:29.600 --> 0:10:33.000 adding veteran jackal Tyron Smith of Dallas State signed longtime 0:10:33.200 --> 0:10:36.559 LA charger whiteout Mike Williams, seventh pick of the twenty 0:10:36.640 --> 0:10:39.640 seventeen draft. He's had injuries, including the torn acl this 0:10:39.679 --> 0:10:41.680 past season, but went healthy. Williams has had a couple 0:10:41.679 --> 0:10:45.679 of recent thousand yard seasons. Tackle Trent Brown signed with Cincinnati. 0:10:45.679 --> 0:10:49.240 He'd been with New England. Sixty seven NCAA Tournament games, 0:10:49.280 --> 0:10:52.440 the first team to advance Little Wagner College out of 0:10:52.440 --> 0:10:55.120 Staten Island. It's the first NCAA win school history, only 0:10:55.160 --> 0:10:57.640 the second game the Seahawks have played at the first 0:10:57.679 --> 0:10:59.880 four and date in a seventy one sixty eight win 0:11:00.000 --> 0:11:03.920 over Howard. Wagner only has seven scholarship players. The coach 0:11:04.000 --> 0:11:04.840 is Donald Copeland. 0:11:04.960 --> 0:11:09.000 Having seven players, you know, I would imagine some places 0:11:09.000 --> 0:11:11.000 they might just come in the gym and just say, listen, 0:11:11.080 --> 0:11:12.920 we got seven. We just got to go through the motions. 0:11:13.160 --> 0:11:13.959 We never did that. 0:11:14.000 --> 0:11:16.560 We prepare the right way, we expected to win even 0:11:16.559 --> 0:11:18.800 when we did lose, and then now to fight and 0:11:18.880 --> 0:11:22.000 in NEC tournament. The way we did it speaks volume, 0:11:22.040 --> 0:11:23.800 I think to the culture. I think it speaks to 0:11:23.840 --> 0:11:24.440 the kids I have. 0:11:24.559 --> 0:11:26.520 And it'll be a tad tougher for Wagner tomorrow and 0:11:26.600 --> 0:11:29.439 Charlotte against North Carolina, top seeds in the West. Also 0:11:29.520 --> 0:11:33.280 Colorado State cross Virginia sixty seven to forty two. Two 0:11:33.320 --> 0:11:35.360 more games in Dayton tonight than the turny begins in 0:11:35.400 --> 0:11:39.199 Earn It's sixteen games tomorrow. Saint Peter's, who's a fifteen seed, 0:11:39.200 --> 0:11:42.199 has a game late tomorrow against Tennessee the nit Underway 0:11:42.480 --> 0:11:45.000 BC wanted Providence at the Garden, rare loss with the 0:11:45.040 --> 0:11:47.280 Rangers only the ninth all year at home. Winnipeg got 0:11:47.280 --> 0:11:49.560 a hat trick from Mark Steifeley won four to two, 0:11:49.679 --> 0:11:52.600 Rangers fourth loss in their last twenty one games. Play 0:11:52.600 --> 0:11:54.800 tomorrow in Boston. Bruins got a hat trick from David 0:11:54.800 --> 0:11:57.520 pasternaife I was six to two. Devil's got a pair 0:11:57.520 --> 0:12:00.160 of goals from Timomyer down Pittsburgh five to two. The 0:12:00.160 --> 0:12:03.280 Islanders lost to Carolina four to one. At Barclay's Net's 0:12:03.320 --> 0:12:05.560 loss of the Pelicans one O four ninety one. That's 0:12:05.600 --> 0:12:09.160 fourth straight loss since Christmas. Brooklyn is eleven and twenty eight. 0:12:09.440 --> 0:12:12.439 Wizards lost by twenty five to Houston Johns Danshan. We're 0:12:12.440 --> 0:12:13.280 Bloomberg Sports. 0:12:13.400 --> 0:12:15.800 Let's get back to the latest primary results, what they 0:12:15.880 --> 0:12:18.040 say about the battle for control of Congress and the 0:12:18.040 --> 0:12:20.720 White House. We're joined now by Bloomberg News Senior editor 0:12:20.760 --> 0:12:25.240 Bill ferries So, Bill Arizona Florida, Illinois, Kansas, and Ohio. 0:12:25.320 --> 0:12:29.280 No surprise, President Biden and former President Trump swept them all. 0:12:29.640 --> 0:12:32.200 So we looked down ballot, what is the victory for 0:12:32.400 --> 0:12:35.040 Bernie Moreno in the Ohio Senate race? 0:12:35.080 --> 0:12:37.160 Say about Trump's hold on the GOP. 0:12:38.360 --> 0:12:41.120 Yeah, you're right, Nathan, it's we're having to look elsewhere 0:12:41.160 --> 0:12:44.240 for clues about what might happen in November. How strong 0:12:44.320 --> 0:12:47.680 the support is for both of the candidates, Prisident Biden 0:12:48.080 --> 0:12:52.480 and former President Trump. And certainly the Trump campaign is 0:12:52.520 --> 0:12:56.520 going to look very happy, happily on this victory by 0:12:57.320 --> 0:13:02.920 former car dealer and cryptocurrency mogul Bernie Moreno. He has 0:13:03.440 --> 0:13:07.280 been closely aligned with President Trump. He's had President Trump 0:13:07.400 --> 0:13:11.640 himself attending rallies in support of him and a lot 0:13:11.679 --> 0:13:16.120 of very very pro Trump friends and allies adjoining in that. 0:13:16.320 --> 0:13:20.080 So there's one sign there. It was also closely watched 0:13:20.160 --> 0:13:24.320 because people less associated with the Trump wing of the parties, 0:13:24.360 --> 0:13:27.720 such as Governor Mike DeWine, were favoring other candidates in 0:13:27.760 --> 0:13:31.360 the race who lost. So, you know, Ohio in the 0:13:31.400 --> 0:13:33.720 past has not been one of the more I guess 0:13:34.240 --> 0:13:37.640 like pro Trump Republican states, but there will be a 0:13:37.640 --> 0:13:41.000 big question about whether his forces are able to defeat 0:13:41.440 --> 0:13:43.000 Shared Brown come November. 0:13:43.160 --> 0:13:45.000 Yeah, that's going to be the big question, not just 0:13:45.080 --> 0:13:47.120 in that race, but in all the other races where 0:13:47.160 --> 0:13:50.800 Trump back candidates did well. Does the Trump wing of 0:13:50.840 --> 0:13:54.839 the GOP prevail in November or is the establishment wing 0:13:55.280 --> 0:13:59.280 going to be shown to be right that Trump's support 0:13:59.320 --> 0:14:03.360 doesn't necessar barely translate into results in a general election. 0:14:04.440 --> 0:14:07.360 You're right, President Trump has a very mixed history when 0:14:07.360 --> 0:14:10.720 it comes to endorsing candidates, particularly at the Senate level. 0:14:11.640 --> 0:14:14.120 But I think one thing that people will take note 0:14:14.120 --> 0:14:17.800 of in these Ohio races. In Ohio, of course, in 0:14:17.800 --> 0:14:21.640 the middle of the country, not bordering Mexico, immigration was 0:14:21.720 --> 0:14:23.560 a key issue in this You did hear a lot 0:14:23.560 --> 0:14:27.800 of talk about the need by Trump supporters to build 0:14:28.000 --> 0:14:31.240 a wall and force immigration law more strictly, come down 0:14:31.280 --> 0:14:35.080 harder on immigration. So if that's happening in Ohio, that's 0:14:35.160 --> 0:14:36.960 going to be something you have to wonder whether it 0:14:36.960 --> 0:14:40.000 reverberates more nationally in the former president's favor. 0:14:40.280 --> 0:14:43.040 Well, it seems like immigration is going to reverberate nationally 0:14:43.080 --> 0:14:44.920 in the courts as well. What do you make of 0:14:44.960 --> 0:14:49.320 this back and forth over this Texas migrant deportation law 0:14:49.360 --> 0:14:51.640 that the Supreme Court allowed to go forward, and then 0:14:51.760 --> 0:14:55.920 just hours later Appeals panel decided to blog, Yeah. 0:14:55.720 --> 0:14:58.920 It's pretty remarkable back and forth there between the Supreme 0:14:58.960 --> 0:15:01.920 Court and the Texas Court. The Texas Court has blocked 0:15:01.960 --> 0:15:06.480 that law. That that law, if you remember, basically makes 0:15:06.520 --> 0:15:10.760 it a state crime to enter Texas illegally or to 0:15:10.880 --> 0:15:14.680 leave it illegally. So it basically it was an attempt 0:15:14.680 --> 0:15:19.200 by Texas officials to take over immigration control at some level. 0:15:19.360 --> 0:15:21.520 It's still not clear how they were going to be 0:15:21.600 --> 0:15:24.160 enforcing that, what facilities they had, how were they going 0:15:24.200 --> 0:15:27.600 to make that determination? And it may again go back 0:15:27.640 --> 0:15:30.680 to the Supreme Court now that now that the lower 0:15:30.680 --> 0:15:34.600 court has ruled, but it has put officials actually on 0:15:34.640 --> 0:15:37.160 the border in a very strange position of trying to 0:15:37.160 --> 0:15:39.920 figure out at which point in time which laws they're 0:15:39.960 --> 0:15:41.320 supposed to be trying to carry out. 0:15:41.520 --> 0:15:43.880 Only about thirty seconds left, Bill, but we're expecting a 0:15:43.920 --> 0:15:48.800 call today from Israeli Prime Minister Benjamin Natanyahu to Republican senators, 0:15:48.920 --> 0:15:52.160 just days after Democratic Leader Chuck Schumer rebuked him on 0:15:52.160 --> 0:15:52.840 the Senate floor. 0:15:53.720 --> 0:15:57.080 Right, Republicans are really trying to take advantage of this 0:15:57.160 --> 0:16:01.120 issue that has strongly divided the Democrats. Chuck Schumer basically 0:16:01.200 --> 0:16:04.200 said there should be maybe new elections in Israel. That's 0:16:04.240 --> 0:16:07.280 been heavily criticized by Republicans. Of course, you had President 0:16:07.360 --> 0:16:12.400 former President Trump coming out just recently saying Jewish voters 0:16:12.440 --> 0:16:15.560 who support Democrats hate Israel and hate their religion, So 0:16:15.680 --> 0:16:19.760 really trying to inflame this issue. We'll see you know 0:16:19.840 --> 0:16:23.920 whether this, whether this takes hold, and whether you know 0:16:24.040 --> 0:16:27.440 this actually helps Netanyahu or Republicans going forward. 0:16:31.040 --> 0:16:34.120 This is Bloomberg Daybreak Today, your morning brief on the 0:16:34.160 --> 0:16:37.600 stories making news from Wall Street to Washington and beyond. 0:16:37.840 --> 0:16:40.640 Look for us on your podcast feed at six am 0:16:40.680 --> 0:16:44.360 Eastern each morning, on Apple, Spotify, and anywhere else you 0:16:44.440 --> 0:16:45.600 get your podcasts. 0:16:45.720 --> 0:16:48.400 You can also listen live each morning starting at five 0:16:48.480 --> 0:16:51.120 am Wall Street time on Bloomberg eleven three to zero 0:16:51.120 --> 0:16:54.000 in New York, Bloomberg ninety nine to one in Washington, 0:16:54.040 --> 0:16:57.280 Bloomberg one six to one in Boston, and Bloomberg ninety 0:16:57.280 --> 0:16:58.680 sixty in San Francisco. 0:16:59.040 --> 0:17:02.000 Our flagship New York York station is also available on 0:17:02.040 --> 0:17:06.639 your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven 0:17:06.720 --> 0:17:07.640 thirty plus. 0:17:07.720 --> 0:17:11.159 Listen coast to coast on the Bloomberg Business app, SERRIUSXM, 0:17:11.280 --> 0:17:14.359 the iHeartRadio app, and on Bloomberg dot Com. 0:17:14.400 --> 0:17:16.480 I'm Nathan Hager and I'm Karen Moscow. 0:17:16.680 --> 0:17:19.439 Join us again tomorrow morning for all the news you 0:17:19.560 --> 0:17:22.800 need to start your day, right here on Bloomberg Daybreak