NYC Mayor Eric Adams Indicted; Lebanon Truce Plan Proposal

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:09.720 --> 0:00:10.280 Good Morning. 0:00:10.320 --> 0:00:13.119 I'm Nathan Hager and I'm Karen Moscow. Here are the 0:00:13.160 --> 0:00:14.640 stories we're following today. 0:00:14.840 --> 0:00:17.560 Karen, we begin with a developing story. Overnight. New York 0:00:17.600 --> 0:00:21.239 City Mayor Eric Adams has been indicted following a federal 0:00:21.239 --> 0:00:25.360 corruption investigation. We get the very latest with Bloomberg's John Tucker. 0:00:25.400 --> 0:00:26.560 Good Morning, John, Nathan. 0:00:26.920 --> 0:00:31.280 Weeks of searches, subpoenas, and resignations of top officials pushed 0:00:31.320 --> 0:00:34.560 New York City's government into crisis and now a bidder. 0:00:34.680 --> 0:00:37.680 Mayor Eric Adams released a video statement last night. 0:00:38.120 --> 0:00:41.000 I always knew that if I stood my ground for 0:00:41.080 --> 0:00:44.159 all of you, that I would be a target, and 0:00:44.280 --> 0:00:49.519 a target I became. For months, leaks and rumors have 0:00:49.640 --> 0:00:52.440 been aimed at me in an attempt to undermine my 0:00:52.520 --> 0:00:55.000 credibility and paint me as guilty. 0:00:55.440 --> 0:00:58.600 The indictment so far is sealed. We don't yet know 0:00:58.680 --> 0:01:01.600 what the federal criminal chreeses are or when the mayor 0:01:01.680 --> 0:01:04.280 is likely to appear in court. The mayor and some 0:01:04.319 --> 0:01:07.200 of his senior administration officials have been the subject of 0:01:07.240 --> 0:01:10.760 at least four different federal investigations that we know about. 0:01:11.160 --> 0:01:13.840 Two of which we learned about just this month. This 0:01:13.920 --> 0:01:16.680 could be related to any one. A probe that become 0:01:17.200 --> 0:01:20.000 became public in November of last year appeared to be 0:01:20.040 --> 0:01:24.240 centering on potential campaign finance violations. Authorities have been looking 0:01:24.319 --> 0:01:26.440 at the conduct of people close to him, including the 0:01:26.560 --> 0:01:30.000 now former Police Commissioner Edward Cobban, who stemped down just 0:01:30.040 --> 0:01:32.399 a couple of weeks after his phone was seized by 0:01:32.400 --> 0:01:35.959 federal agents that in connection with a potential scheme involving 0:01:36.000 --> 0:01:39.640 his twin brother. Adams is vowing to remain in office, 0:01:39.720 --> 0:01:43.880 despite calls for his immediate resignation from fellow Democrats in 0:01:43.959 --> 0:01:46.959 New York Income John Tucker Bloomberg Radio, all. 0:01:46.920 --> 0:01:49.680 Right, John, thank you. While the indictment of Adams, just 0:01:49.720 --> 0:01:52.000 the second black mayor in the city's more than four 0:01:52.080 --> 0:01:55.520 hundred year history, is a remarkable turn for a former 0:01:55.560 --> 0:01:58.240 police captain who beat a crowded field to win the 0:01:58.280 --> 0:02:01.800 New York City mayor's race into a running on a 0:02:01.920 --> 0:02:05.240 law and order platform that pledged to make city government 0:02:05.320 --> 0:02:08.399 work better. Bloomberg'slawer to mea SA has been looking into 0:02:08.400 --> 0:02:08.920 the probes. 0:02:09.360 --> 0:02:12.760 The earliest investigation that we became aware of was a 0:02:12.800 --> 0:02:15.840 probe that sort of burst into public view in November 0:02:15.880 --> 0:02:19.959 of last year. That appeared to be centering on potential 0:02:19.960 --> 0:02:24.000 campaign finance violations in the mayor's twenty twenty one campaign, 0:02:24.040 --> 0:02:27.280 the campaign that got him elected mayor, and whether or 0:02:27.320 --> 0:02:31.280 not there was some interaction with the Government of Turkey 0:02:31.680 --> 0:02:36.519 potential straw donor scheme. But two other investigations seemed to 0:02:36.560 --> 0:02:39.360 be underway. It's not clear if those actually are looking 0:02:39.400 --> 0:02:42.400 at the mayor's conducts specifically, but they do seem to 0:02:42.400 --> 0:02:44.400 be looking at the conduct of people who are incredibly 0:02:44.400 --> 0:02:45.119 close to him. 0:02:45.320 --> 0:02:48.200 Bloomberg's lawer to Mea says that Adams could be removed 0:02:48.200 --> 0:02:51.640 from office by Governor Kathy Hugel upon formal charges, with 0:02:51.720 --> 0:02:54.640 a chance to defend himself, and can be suspended for 0:02:54.760 --> 0:02:56.679 up to thirty days during the process. 0:02:56.880 --> 0:02:59.400 Karen, We've also had fast moving developments in the Middle East. 0:02:59.440 --> 0:03:02.720 Israel continues to go after Hesballa targets in Lebanon, even 0:03:02.760 --> 0:03:05.760 as the US and Allies proposed a three week ceasefire. 0:03:05.840 --> 0:03:09.920 President Biden and French President Emanuel Macrome presented the proposal 0:03:10.160 --> 0:03:13.000 to allow for negotiations so people in northern Israel and 0:03:13.080 --> 0:03:16.520 southern Lebanon can return to their homes. Israel's UN ambassador 0:03:16.600 --> 0:03:18.960 Danny Denone says that's what he'd like to see. 0:03:19.040 --> 0:03:22.400 What happened either after the war all before. 0:03:23.000 --> 0:03:25.840 We hope it will be before bud. Bloomberg's Paul Wallace 0:03:25.880 --> 0:03:28.600 reports it's not clear whether Hesboela will accept the offer. 0:03:29.000 --> 0:03:29.680 One thing that I. 0:03:29.600 --> 0:03:32.400 Think is quickly is that something will have to be 0:03:32.480 --> 0:03:37.600 given to Heswell, some kind of political concession to allow 0:03:37.640 --> 0:03:40.880 it to save face, because it's quite difficult to see 0:03:40.920 --> 0:03:44.880 as well are agreeing to move back its forces from 0:03:44.920 --> 0:03:48.800 the Israeli border and to stop firing on Israel and 0:03:48.960 --> 0:03:51.240 Esse it gets something in return. 0:03:51.360 --> 0:03:54.280 Bloomberg's Paul Wallace in Dubai. This week's air strikes have 0:03:54.360 --> 0:03:57.360 left more than six hundred dead, including at least fifty children. 0:03:57.440 --> 0:04:00.720 Hesbel has responded with hundreds of rocket attacks, including one 0:04:00.800 --> 0:04:02.640 aimed for the first time at Tel Aviv. 0:04:03.200 --> 0:04:06.040 Well Nathan. The US has announced a new weapons package 0:04:06.080 --> 0:04:09.280 for Ukraine, where three hundred and seventy five million dollars 0:04:09.320 --> 0:04:13.160 the assistants. Coincides with a visit by Ukrainian President Vladimir 0:04:13.240 --> 0:04:16.719 Zelenski to the US this week. Meantime, former President Donald 0:04:16.760 --> 0:04:20.120 Trump lashed out at the Biden administration and Zelenski for 0:04:20.200 --> 0:04:22.240 refusing to make a deal with Russia. 0:04:22.360 --> 0:04:24.360 A deal could have been made if we had a 0:04:24.400 --> 0:04:26.920 competent president instead of a president that. 0:04:26.960 --> 0:04:27.719 Egged it all on. 0:04:28.440 --> 0:04:33.719 And Biden and Kamala allowed this to happen by feeding 0:04:33.839 --> 0:04:40.400 Zelenski money and munitions like no country has ever seen before. 0:04:40.480 --> 0:04:43.200 Every time he came to our country, he'd walk away 0:04:43.240 --> 0:04:47.559 with sixty billion dollars. It's probably the greatest salesman on Earth. 0:04:48.120 --> 0:04:50.680 In another development, Trump is planning to return to the 0:04:50.760 --> 0:04:54.120 site of the first assassination attempt on his life. Trump 0:04:54.160 --> 0:04:57.240 will hold a rally at the Fairgrounds in Butler, Pennsylvania, 0:04:57.320 --> 0:05:00.600 on October fifth, exactly one month before election day. 0:05:00.800 --> 0:05:04.400 Mccar and Vice President Kamala Harris was in Pennsylvania yesterday 0:05:04.480 --> 0:05:07.560 laying out her vision for what she calls an opportunity economy. 0:05:07.560 --> 0:05:09.960 In a speech to the Economic Club of Pittsburgh, the 0:05:10.000 --> 0:05:13.039 Democratic presidential nominee promised to be an ally to both 0:05:13.080 --> 0:05:15.520 corporate executives and the people who work for them. 0:05:15.640 --> 0:05:17.360 Well, I'm a capitalist. 0:05:18.120 --> 0:05:20.880 I believe in free and fair markets. 0:05:24.360 --> 0:05:29.560 I believe inconsistent and transparent rules of the road to 0:05:29.680 --> 0:05:32.359 create a stable business environment. 0:05:32.560 --> 0:05:35.520 Vice President Harris's campaign also released an eighty two page 0:05:35.560 --> 0:05:38.599 policy blueprint. After her speech, she also gave her first 0:05:38.640 --> 0:05:42.080 solo interview as a candidate to MSNBC, saying she'll visit 0:05:42.080 --> 0:05:44.960 the US Mexico border tomorrow and making another pitch for 0:05:45.000 --> 0:05:48.120 the bipartisan immigration bill that stalled in Congress this year. 0:05:48.440 --> 0:05:52.240 My pledge is it, when elected president, if the American 0:05:52.279 --> 0:05:55.680 people will have me, I will bring that bill back 0:05:55.680 --> 0:05:57.080 and I will sign it into law. 0:05:57.240 --> 0:06:00.680 Kamala Harris also defended her opposition to nipon Stiel's takeover 0:06:00.720 --> 0:06:03.760 of US steal. She says keeping steel production American owned 0:06:03.800 --> 0:06:06.320 is more important than the potential job losses if the 0:06:06.360 --> 0:06:07.240 deal falls through. 0:06:07.760 --> 0:06:10.839 Well, Nathan, The latest campaign incomes as Congress adverts a 0:06:10.880 --> 0:06:14.600 government shutdown. It passed a short term a federal funding 0:06:14.640 --> 0:06:17.160 bill We get more with Bloomberg's Ed Baxter in. 0:06:17.120 --> 0:06:19.839 The House Speaker Mike Johnson relied on Democratic votes to 0:06:19.839 --> 0:06:23.039 move it through an expedited process that limited Florida bate 0:06:23.080 --> 0:06:24.719 but required a two thirds vote. 0:06:24.720 --> 0:06:27.240 This is not the House's fault, It's the Senate's fault. 0:06:27.240 --> 0:06:30.279 They passed not a single Appropriations bill, So there was 0:06:30.320 --> 0:06:32.480 nothing for the two chambers to negotiate in the end, 0:06:32.920 --> 0:06:35.000 and there was no agreement on the top line spending number. 0:06:35.160 --> 0:06:37.719 So as you hear, the animosity between House and Senate 0:06:37.760 --> 0:06:40.719 will continue and they'll go at it again in December. 0:06:41.120 --> 0:06:43.960 The White House has issued a statement thanking the bodies 0:06:44.240 --> 0:06:48.160 and saying it will work with them. Ad Baxter, Bloomberg Radio. 0:06:48.240 --> 0:06:51.279 Thanks ed turning. The market's futures are higher on Wall Street, 0:06:51.279 --> 0:06:54.359 fueling the gains Micron Technology. Those shares are up nearly 0:06:54.440 --> 0:06:58.039 sixteen percent. The largest US maker of computer memory chips, 0:06:58.040 --> 0:07:01.039 gave a surprisingly strong revenue pretty for the current period, 0:07:01.320 --> 0:07:03.800 helped by demand for artificial intelligence gear. 0:07:04.480 --> 0:07:07.040 Well, Nathan, we're also seeing big gains for stocks in Asia. 0:07:07.080 --> 0:07:09.440 Over night, stocks in China and Hong Kong rose more 0:07:09.480 --> 0:07:13.000 than four percent. China'stop leaders ramped up urgent efforts to 0:07:13.040 --> 0:07:16.960 revive growth with pledges to support fiscals spending and stabilize 0:07:16.960 --> 0:07:18.760 the beleaguer property sector. 0:07:19.080 --> 0:07:21.960 Karen, this is a Bloomberg exclusive. Open AI is talking 0:07:21.960 --> 0:07:24.920 about giving CEO Sam Alten a seven percent equity stake 0:07:24.960 --> 0:07:28.120 in the company and restructuring to become a for profit business. 0:07:28.360 --> 0:07:31.160 This would mark the first time Sam Altman's granted ownership 0:07:31.160 --> 0:07:33.920 in the AI startup source to say, open aies mauling 0:07:34.000 --> 0:07:37.960 these changes against the backdrop of an exodus of senior managers. 0:07:41.600 --> 0:07:43.080 Honest time Now for a look at some of the 0:07:43.080 --> 0:07:45.880 other stories making news in New York and around the world. 0:07:45.960 --> 0:07:48.240 And for that we're joined by Bloomberg's Michael Barr. 0:07:48.280 --> 0:07:49.600 Michael, Good morning, Good. 0:07:49.400 --> 0:07:53.600 Morning, Karen. Hurricane Aleen continues to strengthen as it heads 0:07:53.720 --> 0:07:57.000 toward the Big Bend area of Florida's Gulf Coast. Florida 0:07:57.080 --> 0:08:01.080 Governor Rond Desanta says on top of the winds, forecasts 0:08:01.120 --> 0:08:04.400 say the storm surge threatens to be unsurvivable. 0:08:04.600 --> 0:08:07.800 Remember you hide from wind, but you run from the water. 0:08:07.920 --> 0:08:10.560 Bloomberg meteorologist Rob Carolyn has more. 0:08:11.320 --> 0:08:14.440 Hurricane Helen located about three hundred miles to the southwest 0:08:14.480 --> 0:08:17.119 of Tampa, moving off towards the north at eleven miles 0:08:17.120 --> 0:08:19.200 an hour. It will continue to strengthen today. It is 0:08:19.240 --> 0:08:21.640 forecast to hit the Florida Big Bend area tonight as 0:08:21.680 --> 0:08:24.720 a Category four hurricane. Winds could be an excess of 0:08:24.720 --> 0:08:26.520 one hundred and twenty miles an hour, with a storm 0:08:26.560 --> 0:08:29.360 surge in excess of twenty feet. The system will produce 0:08:29.480 --> 0:08:32.680 rain and wind across the Florida Peninsula and Florida Panhandle today, 0:08:32.920 --> 0:08:34.800 so that rain will be spreading north with across the 0:08:34.880 --> 0:08:37.920 southeastern United States today. Looks like since the system is 0:08:37.960 --> 0:08:40.360 going to be moving quickly this evening, it's going to 0:08:40.360 --> 0:08:43.040 bring rain and significant wind to portions of the Southeastern 0:08:43.160 --> 0:08:46.080 United States tonight and into tomorrow, and we could have 0:08:46.120 --> 0:08:48.800 inland flooding as far north as the southern Appalachians and 0:08:48.880 --> 0:08:52.599 Tennessee River Valley. I'm BROB Carolyn Bloomberg Radio. 0:08:52.520 --> 0:08:55.400 Thank you Rob. A panel of appellate judges in New 0:08:55.480 --> 0:08:58.840 York will hear former President Donald Trump's appeal of his 0:08:58.960 --> 0:09:02.480 civil fraud case ruling. The judge overseeing the case ordered 0:09:02.520 --> 0:09:04.880 Trump and his company to pay more than four hundred 0:09:04.880 --> 0:09:08.520 and sixty million dollars in fines. The court will have 0:09:08.640 --> 0:09:12.040 to decide whether to uphold the verdict or reduce the 0:09:12.080 --> 0:09:16.679 almost half billion dollar penalty. After Israel launched a new 0:09:16.720 --> 0:09:20.439 campaign against Hensbella Prime Minister Benjamin Nett and Yahoo postponed 0:09:20.480 --> 0:09:23.320 his trip to New York to speak before the UN 0:09:23.360 --> 0:09:26.880 General Assembly that Yahoo was supposed to speak today, but 0:09:26.960 --> 0:09:30.280 we'll speak on Friday. Before then, delegates are expected to 0:09:30.320 --> 0:09:34.079 hear from Lebanon's foreign minister. Global news twenty four hours 0:09:34.080 --> 0:09:37.199 a day and whenever you want it with the Bloomberg News. Now, 0:09:37.320 --> 0:09:39.679 I'm Michael Barrn. This is Bloomberg Karen. 0:09:39.960 --> 0:09:47.040 Sorry, Michael barr thank you. Time now for the Bloomberg 0:09:47.160 --> 0:09:49.160 Sports Update with John Stanshawer. 0:09:49.240 --> 0:09:51.800 John, good morning, Good morning here in the Champagne remains 0:09:51.880 --> 0:09:54.840 corked in the Yankee Clubhouse, Baltimore one for a second 0:09:54.880 --> 0:09:58.200 straight night to remain mathematically alive in the al East. 0:09:58.200 --> 0:10:00.319 Oiols led eight to one on the fifteen, when Juan 0:10:00.360 --> 0:10:02.480 Soto had a two run home or his forty first. 0:10:02.520 --> 0:10:05.120 They led nine to three in the night. Darren Judge 0:10:05.120 --> 0:10:08.240 a three run shot his fifty seventh, but the Orioles 0:10:08.320 --> 0:10:10.760 hung on nine to seven. Other chants for the Yanks tonight, 0:10:10.840 --> 0:10:13.320 nes to Cortes was to start last night. He's been 0:10:13.360 --> 0:10:15.800 pitching creative late, but he has an elbow straight and 0:10:15.920 --> 0:10:18.760 Cortes won't pitch again, and so perhaps the Yanks get 0:10:18.840 --> 0:10:22.120 to the ALCS. Detroit and Kansas City both won. Looks 0:10:22.160 --> 0:10:24.960 like they'll be the last two AL wildcards. The Mets 0:10:25.080 --> 0:10:28.000 rained out in Atlanta last night and hurricaned out tonight, 0:10:28.080 --> 0:10:31.160 so they'll play this weekend in Milwaukee, and then, assuming 0:10:31.240 --> 0:10:33.880 the games have meaning, they'll finish the regular season with 0:10:33.920 --> 0:10:37.160 a doubleheader Monday afternoon back in Atlanta, and the Mets 0:10:37.280 --> 0:10:39.439 may then have to get out to San Diego for 0:10:39.520 --> 0:10:43.240 a playoff game on Tuesday. Arizona won last night, Diamondbacks 0:10:43.360 --> 0:10:45.640 back tied with the Mets. They both lead the Braves 0:10:45.720 --> 0:10:48.000 by a game. Two of the three teams will make 0:10:48.080 --> 0:10:50.679 the postseason second week in a row. A Thursday night, 0:10:50.679 --> 0:10:53.360 I'm at MetLife. It's the Giants and Cowboys. Both are 0:10:53.400 --> 0:10:55.640 one and two, with the Giants coming off their first win. 0:10:55.800 --> 0:10:59.559 Dallas just lost two straight at home. Caitlin Clarks WNBA 0:10:59.679 --> 0:11:02.480 rookie season is over. She scored twenty five points in 0:11:02.600 --> 0:11:05.640 Indiana's playoff loss at Connecticut Johns Stashaw. 0:11:05.679 --> 0:11:07.360 We're Bloomberg Sports Kennon Nathan. 0:11:09.440 --> 0:11:13.480 Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:13.679 --> 0:11:14.320 and around the. 0:11:14.360 --> 0:11:17.840 World on Bloomberg dot Com and the Bloomberg Business app. 0:11:18.080 --> 0:11:21.560 This is Bloomberg Daybreak. Good Morning of Nathan Hager. New 0:11:21.679 --> 0:11:23.800 York City Mayor Eric Adams is in a fight for 0:11:23.920 --> 0:11:27.319 political survival as he faces a sealed indictment following a 0:11:27.400 --> 0:11:30.920 month's long federal corruption pro But the mayor is promising 0:11:31.120 --> 0:11:32.439 he will fight enough. 0:11:33.320 --> 0:11:36.800 I will fight these injustices with every ounce of my 0:11:37.040 --> 0:11:40.920 strength in my spirit. If I'm charged, I know I 0:11:40.960 --> 0:11:44.880 am innocent. I will request in immediate trials so the 0:11:45.000 --> 0:11:46.680 New Yorkers can hear the. 0:11:46.800 --> 0:11:50.360 Truth, Mayor Adams at a video message you posted last night. 0:11:50.440 --> 0:11:53.200 This morning, we're joined by Bloomberg News Managing editor Derek 0:11:53.280 --> 0:11:55.800 Wallbank for the latest. Derek, good morning. So what do 0:11:55.960 --> 0:11:57.840 we know about these charges against the mayor? 0:11:58.200 --> 0:12:01.560 Well, Nathan, we don't actually only know exactly what he's 0:12:01.640 --> 0:12:05.160 being charged with. There are there is at least one charge, 0:12:05.200 --> 0:12:08.760 could be multiple charges that are under seal that could 0:12:08.880 --> 0:12:14.280 be released as early as today, according to people who 0:12:14.800 --> 0:12:18.959 asked not to be identified. But we are aware of 0:12:19.280 --> 0:12:25.520 a couple of things that that Adams has been linked with. 0:12:25.920 --> 0:12:30.280 Let's let's say right now it should also be said, 0:12:30.480 --> 0:12:33.679 and I should make this very very clear. Adams has 0:12:33.679 --> 0:12:37.200 said he's done nothing wrong. He said that he plans 0:12:37.280 --> 0:12:40.240 to fight, and he has said that he plans to 0:12:40.559 --> 0:12:43.360 remain in power. So let's let's put all of that 0:12:43.559 --> 0:12:47.199 onto the table. But there are some there are some 0:12:47.640 --> 0:12:51.559 things that he has been dealing with. One investigation that 0:12:51.679 --> 0:12:55.720 we're aware of was was talking about whether the Adams 0:12:55.840 --> 0:12:59.800 campaign had coordinated with the Turkish government to take illegal 0:13:00.120 --> 0:13:04.400 donations and questions about permitting and some other things like that, 0:13:05.520 --> 0:13:12.040 you know. And another one was dealing with a search 0:13:12.200 --> 0:13:16.559 of home owned by a prominent Adams fundraiser. 0:13:16.760 --> 0:13:16.920 You know. 0:13:17.000 --> 0:13:19.040 So you've got a couple of things that have been 0:13:19.080 --> 0:13:22.719 going on right that are involving the mayor. Again, we 0:13:22.880 --> 0:13:27.000 don't know what this exactly is going to be about. 0:13:27.080 --> 0:13:31.760 We should hopefully get some more information, you know, maybe 0:13:31.840 --> 0:13:33.800 as the day goes on, maybe as the weeks go on, 0:13:33.920 --> 0:13:37.839 we should get some more information because this report is 0:13:37.960 --> 0:13:40.800 going to have to get is going to have to 0:13:40.840 --> 0:13:41.760 get answered somehow. 0:13:42.160 --> 0:13:45.120 But to your point about how the investigation has really 0:13:45.160 --> 0:13:47.839 been swirling around Adams for some time, we've seen a 0:13:47.880 --> 0:13:51.559 lot of people in his inner circle really start to 0:13:51.640 --> 0:13:54.800 go down over this, including the now former police commissioner 0:13:54.880 --> 0:13:55.440 and some others. 0:13:55.800 --> 0:13:58.000 Yeah, and you know, and the thing that I keep 0:13:58.080 --> 0:14:02.360 thinking about was we're looking at this it's impossible to 0:14:02.440 --> 0:14:04.920 think of it without thinking of the time and the 0:14:05.000 --> 0:14:07.679 moment that we're in. Right, we're just a couple of 0:14:07.760 --> 0:14:09.320 weeks before the US election. 0:14:10.080 --> 0:14:10.200 Uh. 0:14:10.600 --> 0:14:13.079 You know, Eric Adams is one of the most prominent 0:14:13.800 --> 0:14:17.880 Democrats that there happens to be, and we're gonna have 0:14:18.000 --> 0:14:20.880 to hear from really prominent Democrats about what they think. Now. 0:14:20.880 --> 0:14:24.920 Alexandria Acrossio Cortez has already said that she thinks that 0:14:25.480 --> 0:14:29.000 Adams should step down. We're gonna be waiting to hear 0:14:29.640 --> 0:14:33.760 from from Hakim Jeffries, from Chuck Schumer, you know, the 0:14:33.840 --> 0:14:38.480 top two Democrats in Congress, or both New Yorkers. We'll 0:14:38.640 --> 0:14:41.280 need to hear from Kathy Okle, the governor of New York, 0:14:41.320 --> 0:14:45.000 who has some power maybe in her back pocket, to 0:14:45.040 --> 0:14:49.240 be able to take some action against the mayor under 0:14:49.360 --> 0:14:52.960 state rules. And then you know, there will be a 0:14:53.320 --> 0:14:56.560 fair number of Republicans who will want to note that 0:14:56.800 --> 0:15:00.320 Eric Adams and Kamala Harris know each other u in 0:15:00.440 --> 0:15:04.160 the specter of a presidential race, you know, any sort 0:15:04.240 --> 0:15:08.200 of difficulties here may become a liability for Harris in 0:15:08.280 --> 0:15:13.440 much the same way that Mark Robbinson's difficulties in North 0:15:13.520 --> 0:15:17.240 Carolina have become a difficulty for Donald Trump. So you 0:15:17.440 --> 0:15:21.120 cannot take this, even if it has nothing to do 0:15:21.400 --> 0:15:26.840 with presidential electoral politics. You cannot take the situation out 0:15:26.880 --> 0:15:29.440 of the moment in time in which it is currently happening. 0:15:29.720 --> 0:15:31.400 Now, as you say, we are waiting for some of 0:15:31.480 --> 0:15:35.400 those more prominent officials to respond. But if he does 0:15:35.560 --> 0:15:38.480 start to lose support at the highest levels, I mean, 0:15:38.640 --> 0:15:42.440 how much longer can Adams hold on as he awaits 0:15:42.520 --> 0:15:43.560 these charges. 0:15:43.560 --> 0:15:47.040 Well, that is going to be a question that really 0:15:47.200 --> 0:15:49.720 only he can answer. You know, New York is a 0:15:49.880 --> 0:15:54.840 place where political pressure can come thick and fast, right, 0:15:54.960 --> 0:15:57.320 you know, it is one of the biggest political pressure 0:15:57.360 --> 0:16:01.120 points anywhere in the US. But it's all so a 0:16:01.280 --> 0:16:05.400 place where you know, he can, if he gets enough backing, 0:16:06.000 --> 0:16:08.040 maybe try and ride this out. Now, it is to 0:16:08.080 --> 0:16:10.240 say he has been very clear he is going to 0:16:10.280 --> 0:16:13.840 fight whatever this happens to be, uh, and he wants 0:16:13.920 --> 0:16:16.040 to remain in power, so that you know, that is 0:16:16.080 --> 0:16:17.480 a thing that you would have to say if you're 0:16:17.640 --> 0:16:20.120 going to try and do that. But part of the 0:16:20.280 --> 0:16:23.080 answer to that question will deal with you know what 0:16:23.160 --> 0:16:26.320 we were talking about just before what happens with all 0:16:26.400 --> 0:16:29.080 of these other very prominent New Yorkers and Democrats and 0:16:29.160 --> 0:16:31.280 what do they say and how much pressure is put 0:16:31.880 --> 0:16:33.479 on him externally. 0:16:33.920 --> 0:16:37.360 This is Bloomberg Daybreak, your morning podcast on the stories 0:16:37.440 --> 0:16:40.400 making news from Wall Street to Washington and beyond. 0:16:40.720 --> 0:16:43.080 Look for us on your podcast feed by six am 0:16:43.160 --> 0:16:46.520 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:46.760 --> 0:16:49.600 You can also listen live each morning starting at five 0:16:49.640 --> 0:16:52.240 am Wall Street Time on Bloomberg eleven three to zero 0:16:52.360 --> 0:16:55.240 in New York, Bloomberg in ninety nine to one in Washington, 0:16:55.360 --> 0:16:59.880 Bloomberg ninety two nine in Boston, and nationwide on serious XMCHA. 0:17:01.440 --> 0:17:04.119 Plus listen coast to coast on the Bloomberg Business app 0:17:04.200 --> 0:17:06.919 now with Apple CarPlay and Android auto interfaces. 0:17:07.240 --> 0:17:10.239 And don't forget to subscribe to Bloomberg News Now. It's 0:17:10.280 --> 0:17:13.000 the latest news whenever you want it in five minutes 0:17:13.119 --> 0:17:16.200 or less. Search Bloomberg News Now on your favorite podcast 0:17:16.280 --> 0:17:20.280 platform to stay informed all day long. I'm Karen Moscow and. 0:17:20.359 --> 0:17:22.919 I'm Nathan Hager. Join us again tomorrow morning for all 0:17:22.960 --> 0:17:24.920 the news you need to start your day right here 0:17:25.119 --> 0:17:26.200 on Bloomberg Debreak