Trump's Legal Deadline, A Warning for Israel

Bloomberg Audio Studios, Podcasts, Radio News. Good morning. I maybe 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. 0:00:16.560 --> 0:00:20.280 We begin with the intersection of politics and law. Former 0:00:20.320 --> 0:00:22.880 President Donald Trump facing a deadline today to post a 0:00:22.960 --> 0:00:26.040 nine figure bond to appeal is civil fraud judgment in 0:00:26.120 --> 0:00:28.680 New York. Bloomberg's Nathan Hagar with that story. 0:00:28.840 --> 0:00:31.080 Trump has been ordered to post one hundred and twenty 0:00:31.120 --> 0:00:33.480 percent of the four hundred and fifty four million dollar 0:00:33.640 --> 0:00:36.760 verdict against him for inflating his asset values. That amounts 0:00:36.800 --> 0:00:38.960 to a bond of about five hundred and forty five 0:00:39.040 --> 0:00:42.360 million dollars. Last week, the former president told an appeals 0:00:42.400 --> 0:00:46.000 court that amount is unattainable because the insurance companies would 0:00:46.040 --> 0:00:49.760 only take cash as collateral, not real estate. Trump says 0:00:49.800 --> 0:00:52.760 he has almost five hundred million dollars in cash on hand. 0:00:52.960 --> 0:00:55.480 He says he intends to use a substantial amount of 0:00:55.480 --> 0:00:59.120 that on his campaign, which is already spending millions on 0:00:59.160 --> 0:01:03.320 Trump's legal fees. In Washington, I'm Nathan Hager, Bloomberg Radio. 0:01:03.480 --> 0:01:05.680 All right, Nathan, thank you. While staying with politics, the 0:01:05.800 --> 0:01:08.640 US Senate passed legislation over the weekend to avoid a 0:01:08.680 --> 0:01:12.440 partial government shutdown, The Senate cleared the sprawling one point 0:01:12.440 --> 0:01:15.320 two trillion dollar package on a seventy four to twenty 0:01:15.319 --> 0:01:19.640 four vote. Senate Majority Leader Chuck Schumer spoke after the vote. 0:01:19.480 --> 0:01:22.120 It is good for the American people that we have 0:01:22.200 --> 0:01:26.000 reached the bipartisan agreement to complete the job of funding 0:01:26.160 --> 0:01:26.800 the government. 0:01:27.319 --> 0:01:29.440 And it comes after the House passed the bill Friday 0:01:29.520 --> 0:01:33.520 despite stiff opposition from far right Republicans, but striking that 0:01:33.560 --> 0:01:36.160 budget deal triggered a new attempt to remove House Speaker 0:01:36.200 --> 0:01:39.440 Mike Johnson. Former House Speaker Kevin McCarthy, who was removed 0:01:39.440 --> 0:01:42.200 in October, says he does not see the motion picking 0:01:42.280 --> 0:01:43.040 up much traction. 0:01:43.440 --> 0:01:45.960 The one advice I would give to the Conference and 0:01:46.120 --> 0:01:48.880 to the Speaker is do not be fearful of a 0:01:48.920 --> 0:01:51.120 motion to vacate. I do not think they could do 0:01:51.160 --> 0:01:54.000 it again. That was sheerly based on Matt Gates trying 0:01:54.000 --> 0:01:56.920 to stop an ethics complaint. I don't think the Democrats 0:01:56.920 --> 0:01:58.040 will go along with it too. 0:01:58.720 --> 0:02:02.280 And Kevin McCarthy speaking on Face the Nation from CBS, 0:02:02.320 --> 0:02:04.560 which can be heard Sundays on Bloomberg Radio. 0:02:05.240 --> 0:02:07.520 Now, let's turn to the latest on the deadly terror 0:02:07.520 --> 0:02:11.120 attacks in Russia. Russia has charged fore men in connection 0:02:11.200 --> 0:02:13.680 with the Moscow concert hall attack, where at least one 0:02:13.800 --> 0:02:16.560 hundred and thirty seven people were killed. Islamic State has 0:02:16.600 --> 0:02:20.120 taken responsibility for the attack. Putin and other officials have 0:02:20.200 --> 0:02:24.000 made vague claims of involvement from Ukraine. Tony Halpin leads 0:02:24.000 --> 0:02:26.320 Bloomberg Government's coverage of Russia. 0:02:26.560 --> 0:02:30.000 In any normal country, a massacre of this size would 0:02:30.040 --> 0:02:33.919 immediately raise questions about the competence of the security services, 0:02:33.960 --> 0:02:36.720 and there be political demands for heads to roll in 0:02:36.760 --> 0:02:39.160 the leadership. But nothing of that sort is happening in 0:02:39.200 --> 0:02:43.360 Russia because put In, even though he dismissed warnings of 0:02:43.360 --> 0:02:46.040 a terrorist attack just a few days before it actually 0:02:46.120 --> 0:02:48.600 took place, doesn't, of course, want to hold the FSB 0:02:48.680 --> 0:02:52.200 accountable for these failures, and it serves the Russian state's 0:02:52.240 --> 0:02:54.679 purpose to try and blame things on Ukraine because they're 0:02:54.720 --> 0:02:57.440 desperately trying to maintain support for the war, and that's 0:02:57.520 --> 0:02:59.840 raising questions about what they might be planning next. 0:03:00.040 --> 0:03:03.200 Bloomberg's Tony Halpin says the violence was the singlest, big, 0:03:03.520 --> 0:03:07.200 biggest loss of life from a militant assault in Moscow 0:03:07.240 --> 0:03:08.200 since two thousand and two. 0:03:09.080 --> 0:03:11.160 Well, there's new developments amy on the war in the 0:03:11.160 --> 0:03:14.840 Middle East. This morning, Vice President Kamala Harris is warning 0:03:14.919 --> 0:03:18.120 Israel against a major attack on the Gozen, the city 0:03:18.160 --> 0:03:21.639 of a Rafa, that's where more than a million Palestinians 0:03:21.680 --> 0:03:24.959 have sad refuge as the war against Hamas continues. Harris 0:03:25.000 --> 0:03:26.519 spoke on ABC's This Week. 0:03:27.040 --> 0:03:30.639 We've been very clear that it would be a mistake 0:03:31.120 --> 0:03:34.119 to move into Rafa with any type of military operation, 0:03:34.480 --> 0:03:37.760 a mistake, but would there be consequences if he does 0:03:37.800 --> 0:03:40.040 move forward. Well, we're going to take it one step 0:03:40.080 --> 0:03:41.839 at a time, but we've been very clear in terms 0:03:41.880 --> 0:03:43.960 of our perspective on whether or not that should happen. 0:03:44.360 --> 0:03:47.200 And Vice President Harris speaking on ABC's This Week, heard 0:03:47.240 --> 0:03:50.640 Sundays on Bloomberg Radio, Israel says it must send troops 0:03:50.640 --> 0:03:53.680 into Rafa because it's a last remaining bastion of Hamas. 0:03:54.080 --> 0:03:57.360 Israeli intelligence estimates there are around five to eight thousand 0:03:57.400 --> 0:03:59.840 Hamas fighters and group leaders in the city. 0:04:00.480 --> 0:04:03.840 Turning to markets now, US futures are lower, Treasury yields 0:04:03.920 --> 0:04:06.920 are higher. As we begin this new trading week. Bond 0:04:06.920 --> 0:04:09.800 traders are cautiously reloading wagers that burn them. Just a 0:04:09.840 --> 0:04:12.400 few weeks ago, as the FED and other central banks 0:04:12.400 --> 0:04:14.960 appears said to start cutting rates as soon as June. 0:04:15.240 --> 0:04:17.320 We get more from Bloomberg's Mike mackenzie. 0:04:17.680 --> 0:04:21.280 The bomb market has on seven occasions now positioned itself 0:04:21.279 --> 0:04:23.920 with the so called Fed pivot trade, and it's been 0:04:23.960 --> 0:04:26.360 burnt every time because it's just a case of me, 0:04:26.480 --> 0:04:27.200 you've got to get the. 0:04:27.120 --> 0:04:28.440 Timing right on this trade. 0:04:28.720 --> 0:04:32.680 So all signs indicate that central banks, not just the FED, 0:04:32.720 --> 0:04:34.719 but you know, the Bank of England and the European 0:04:34.720 --> 0:04:37.880 Central Bank are looking to do a coordinated sort of 0:04:37.960 --> 0:04:42.279 easying around June, and that really depends on whether the 0:04:42.360 --> 0:04:43.760 data allows them to do it. 0:04:44.560 --> 0:04:47.680 Bloomberg's Mike mackenzie says investors will be eyeing a busy 0:04:47.720 --> 0:04:51.400 week of economic data, including the Fed's preferred inflation gauge 0:04:51.440 --> 0:04:54.120 that's due out on Friday, which, by the way, happens 0:04:54.120 --> 0:04:55.279 to be a market holiday. 0:04:56.120 --> 0:04:58.120 Well, we turn to company news now Amy and more 0:04:58.160 --> 0:05:00.919 details are coming out from Tim cook visit to China. 0:05:01.040 --> 0:05:05.159 The Apple CEO is pitching artificial intelligence as an essential 0:05:05.160 --> 0:05:08.960 tool for businesses committed to reducing carbon footprints. And Cook 0:05:09.040 --> 0:05:11.200 spoke at a forum yesterday in Beijing. 0:05:11.720 --> 0:05:14.919 We would not be able to recover the level of 0:05:15.000 --> 0:05:20.040 material that we do today for recitement without AI. I mean, 0:05:20.120 --> 0:05:25.120 it's already fundamental in our calculation, and I think it 0:05:25.320 --> 0:05:30.640 provides an enormous tool in the toolkit for every company 0:05:30.760 --> 0:05:34.640 that's wishing to be carbon neutral or to lower their 0:05:34.680 --> 0:05:36.560 emissions by substantial amount. 0:05:37.000 --> 0:05:40.160 Apple CEO Tim Cook appeared at the annual China Development 0:05:40.279 --> 0:05:43.839 Forum on Carbon neutrality and climate change. It's part of 0:05:43.880 --> 0:05:47.680 a week of public displays of Apple's commitment to China. 0:05:48.080 --> 0:05:51.279 Staying in Asia. It looks like electric carmaker BYD is 0:05:51.360 --> 0:05:55.080 cutting prices further in China. Bloomberg Daybreak Asia anchor Brian 0:05:55.160 --> 0:05:57.480 Curtis bringing us to tails now from Hong Kong. 0:05:57.800 --> 0:06:01.520 Not only has byd unseated Test the world's top selling 0:06:01.600 --> 0:06:04.039 ev maker, but he has now set its sights on 0:06:04.120 --> 0:06:07.000 Toyota and Volkswagen. These new cuts are some of the 0:06:07.000 --> 0:06:10.640 most aggressive we've seen in China's bruising price war. The 0:06:10.680 --> 0:06:15.040 automaker is discounting almost every electric and hybrid car model itselves. 0:06:15.520 --> 0:06:18.520 Data from the Portal sixteen eight eighty eight dot Com 0:06:18.720 --> 0:06:21.560 shows BYD has cut prices on more than one hundred 0:06:21.640 --> 0:06:25.320 existing model versions. Its most affordable car now sells for 0:06:25.400 --> 0:06:29.880 less than ten thousand US dollars in Hong Kong. Brian Curtis, Bloomberg. 0:06:29.520 --> 0:06:32.240 Radio, All right, Brian, thank you well. Jennet Yellen or 0:06:32.279 --> 0:06:35.760 reportedly visit China next month, Politico is reporting the Treasury 0:06:35.839 --> 0:06:39.440 secretary we'll meet with the country senior leaders. Yellen previously 0:06:39.520 --> 0:06:45.640 travel to Beijing in July. And it's time now for 0:06:45.680 --> 0:06:47.480 a look at some of the other stories making news 0:06:47.480 --> 0:06:49.320 in New York and around the world. And for that 0:06:49.360 --> 0:06:52.360 we're joined by Bloomberg's Michael Barr. Michael, good Morning. 0:06:52.160 --> 0:06:56.160 Good morning, Karon, New Jersey First Lady Tammy Snyder Murphy 0:06:56.240 --> 0:06:59.159 has made a big announcement in her race for the Senate. 0:07:00.040 --> 0:07:04.919 Any busy, invigorating, and yes, challenging months, I am suspending 0:07:04.960 --> 0:07:06.320 my Senate campaign today. 0:07:06.880 --> 0:07:09.080 Bloomberg's Ed Baxter as the story. 0:07:09.480 --> 0:07:11.760 The race is for the seat of Democrat Bob Menendez, 0:07:11.800 --> 0:07:15.720 who's pleated not guilty to federal bribery charges. He said 0:07:15.800 --> 0:07:18.600 he will not run for the Democratic nomination, but did 0:07:18.680 --> 0:07:22.920 leave open an independent candidacy. Murphy says she's been genuine 0:07:23.000 --> 0:07:26.400 and factual throughout, but that it's become clear that the 0:07:26.440 --> 0:07:30.200 campaign would become divisive and negative. She says she's not 0:07:30.440 --> 0:07:33.720 willing to do that. Both she and New Jersey Governor 0:07:33.720 --> 0:07:38.560 Phil Murphy previously worked at Goldman Sachs Ad Baxter Bloomberg Radio. 0:07:38.760 --> 0:07:41.640 New York Mayor Eric Adams canceled a plan trip to 0:07:41.680 --> 0:07:45.720 the US Mexico border over the weekend. According to City Hall, 0:07:45.800 --> 0:07:49.120 there were safety concerns in one of the Mexican cities 0:07:49.160 --> 0:07:51.720 that he planned to visit. As the reason for the change. 0:07:52.120 --> 0:07:55.280 Adams had been invited by executive director of the faith 0:07:55.320 --> 0:07:59.160 based organization Catholic Charities of the Rio Grande Valley to 0:07:59.280 --> 0:08:02.080 meet with her and her team at the southern border. 0:08:02.720 --> 0:08:05.880 The Supreme Court is set to hear oral arguments tomorrow 0:08:05.960 --> 0:08:09.960 in the case centered reducing access to a widely used 0:08:10.000 --> 0:08:14.200 abortion drug. Mifa pristone is usually part of a two 0:08:14.240 --> 0:08:18.200 pill regimen for medication abortion. The question is whether mifa 0:08:18.240 --> 0:08:22.520 pristone can continue to be prescribed and mailed to individuals 0:08:22.720 --> 0:08:26.560 in the same manner as other medications. In legal briefs 0:08:26.560 --> 0:08:30.080 filed with the court, medical professionals call it among the 0:08:30.080 --> 0:08:34.400 most safest medications ever approved by the Food and Drug Administration, 0:08:34.880 --> 0:08:38.600 while the Christian Conservative group suing the agency says the 0:08:38.679 --> 0:08:42.920 drug has led to tens of thousands of emergency complications. 0:08:43.200 --> 0:08:45.719 Liola Law School professor Jessica. 0:08:45.360 --> 0:08:48.080 Levinson in the end, I think the Court will be 0:08:48.200 --> 0:08:51.679 reticent to really undermine the power of the FDA because 0:08:51.679 --> 0:08:54.280 they know this isn't just about MIFA pristone. 0:08:54.559 --> 0:08:56.440 This is also about other drugs. 0:08:57.160 --> 0:09:00.680 Professor Levinson spoke to CBS. Next month, the High Court 0:09:00.720 --> 0:09:04.480 weill way allowing state bans on abortion even when an 0:09:04.480 --> 0:09:08.520 emergency room doctor believes ending of pregnancy would preserve the 0:09:08.600 --> 0:09:12.280 mother's health. Heavy rain and quarter size hail fell in 0:09:12.320 --> 0:09:16.160 southern California, with wind gusts approaching sixty miles an hour 0:09:16.440 --> 0:09:19.160 in the Mountain area over the weekend. In the northeast, 0:09:19.200 --> 0:09:22.480 police reported hundreds of traffic accidents as drivers grappled with 0:09:22.679 --> 0:09:26.560 icy roads. People in New England spent Sunday digging out 0:09:26.640 --> 0:09:29.720 after a major weekend storm that dumped more than two 0:09:29.720 --> 0:09:33.199 feet of snow in some areas. The International Space Station 0:09:33.360 --> 0:09:36.160 is due to welcome to cosmonauts and a US astronaut 0:09:36.160 --> 0:09:40.400 this morning. They begin a six months name global news 0:09:40.559 --> 0:09:43.920 twenty four hours a day and whenever you want it 0:09:44.040 --> 0:09:47.160 with the Bloomberg News. Now, I'm Michael Barr, and this 0:09:47.440 --> 0:09:48.440 is Bloomberg Karen. 0:09:48.640 --> 0:09:55.280 All right, Michael Barr, thank you. It's time now for 0:09:55.280 --> 0:09:57.760 the Bloomberg Spores Update with John stash Hour. 0:09:57.840 --> 0:10:00.439 John, good morning, Good morning, Karen's really some first round 0:10:00.440 --> 0:10:03.040 surprises in the NCAA tournament, but things win much more 0:10:03.040 --> 0:10:05.360 according to Foreman, Round two and the tourney heads of 0:10:05.360 --> 0:10:07.960 the sweet sixteen with all the one seeds, all the 0:10:08.000 --> 0:10:11.680 two still alive. Defennanch champion Yukon very much alive. Huskies 0:10:11.760 --> 0:10:15.760 keep winning easily. At Barclay's. They led Northwestern forty to 0:10:15.800 --> 0:10:18.880 eighteen at halftime, went on to win seventy five fifty eight. 0:10:18.960 --> 0:10:22.679 Yukon's now won eight consecutive NCAA games, all by thirteen 0:10:22.720 --> 0:10:24.760 and more points. The coach is Dan Hurley, that. 0:10:24.800 --> 0:10:28.240 We're bulletproof, you know again, elite offense, elite defense, you know. 0:10:28.280 --> 0:10:30.640 Didn't love the offensive rebounding today and didn't love the 0:10:30.679 --> 0:10:34.120 second half defensive rebounding, you know, but again, twenty assists, 0:10:34.160 --> 0:10:37.280 seven turnovers. One player had fourteen fourteen and eight point. 0:10:37.320 --> 0:10:39.720 Court had twenty and ten. You know it's tough to 0:10:39.720 --> 0:10:41.600 lose when you have that level of quality. 0:10:41.720 --> 0:10:44.040 Yukon now heads the Boston to play a rematch of 0:10:44.120 --> 0:10:46.480 last year's title game with San Diego State. The last 0:10:46.520 --> 0:10:49.320 nine one easily over Yale. Perdue won by thirty nine 0:10:49.360 --> 0:10:52.800 over Utah State. Nothing easy about Houston's win. Texas A 0:10:52.920 --> 0:10:55.280 and M down twelve with two minutes left in regulation, 0:10:55.600 --> 0:10:58.000 hit a three pointer at the buzzer to force overtime. 0:10:58.040 --> 0:11:00.240 The Cougars, top seeds in the South, pulled out to 0:11:00.240 --> 0:11:03.400 win one hundred to ninety five. NBA Miami be Cleveland 0:11:03.400 --> 0:11:05.800 by thirty seven. At the next FET, the lowly Piston 0:11:05.840 --> 0:11:07.400 Sun at the guard Nick's will move into a tie 0:11:07.400 --> 0:11:10.160 for third with the Cats, Devils, and Islanders, both trying 0:11:10.200 --> 0:11:12.400 to work their way into the playoffs. They met at Ubs. 0:11:12.400 --> 0:11:15.240 Devil's won four nothing, the Capitals won three nothing. Some 0:11:15.320 --> 0:11:17.719 of the Yankees still in Florida, like Marcus Stroman. He 0:11:17.760 --> 0:11:20.240 pitched six scoreless innings. There's a game today with the Mets. 0:11:20.640 --> 0:11:23.080 The others are in Mexico a four to three losses. 0:11:23.160 --> 0:11:25.880 Forty one year old x Yankee Robinson Cano had three 0:11:25.960 --> 0:11:27.600 hits with a home run of the game with that 0:11:27.720 --> 0:11:30.240 Mexican team today, and then everyone goes to Houston for 0:11:30.280 --> 0:11:31.040 Thursday's opener. 0:11:31.120 --> 0:11:32.439 The Dodgers are back from Korea. 0:11:32.880 --> 0:11:36.120 Today's show, Hey Otani meets the media to answer questions 0:11:36.160 --> 0:11:39.880 about his former interpreter accused of stealing millions from him. 0:11:40.280 --> 0:11:43.400 Georgia's starting running back Trevor at In arrested for dui. 0:11:43.760 --> 0:11:45.760 John Stashewer Bloomberg Sports. 0:11:47.400 --> 0:11:51.560 Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:51.640 --> 0:11:54.520 and around the world on Bloomberg dot Com and the 0:11:54.600 --> 0:11:58.000 Bloomberg Business app. This is Bloomberg Daybreak. 0:12:00.000 --> 0:12:02.680 Today is the deadline for Donald Trump. He has to 0:12:02.720 --> 0:12:04.960 post bond to cover a four hundred and fifty four 0:12:04.960 --> 0:12:07.800 million dollars civil fraud verdict or risk having New York 0:12:08.040 --> 0:12:11.839 State start the process of seizing his assets. We begin 0:12:12.160 --> 0:12:14.800 with that story when we welcome in Terry Haynes, the 0:12:14.920 --> 0:12:18.560 founder of Pangaea Policy. Terry tell us what's going to 0:12:18.600 --> 0:12:19.960 happen today with Donald Trump? 0:12:21.600 --> 0:12:24.960 Sixty four dollars? Question, isn't it Amy? Good morning? You know, 0:12:25.280 --> 0:12:27.720 I bet that what happens is a little bit you know. 0:12:27.840 --> 0:12:31.280 James has two paths here. Basically, one is to start 0:12:31.320 --> 0:12:33.600 seizing assets. The other one is to wait for appeal. 0:12:34.240 --> 0:12:36.480 My instinct is she does a little bit of both. Frankly, 0:12:36.559 --> 0:12:40.280 that she takes something as a as kind of a hostage. 0:12:40.520 --> 0:12:42.880 But I don't know whether it's a big splash place 0:12:43.000 --> 0:12:46.679 like Trump Tower itself or smaller maybe a hotel, but 0:12:47.440 --> 0:12:51.360 you know, takes something and meanwhile awaits the outcome of 0:12:51.400 --> 0:12:55.800 the appeal. The problem for James is that the is 0:12:55.840 --> 0:12:58.920 that this very process where you've got to post a 0:12:58.960 --> 0:13:02.560 bond of one hundred percent or more, uh, just to 0:13:02.640 --> 0:13:06.040 appeal is is draconian. And if this gets into certainly 0:13:06.040 --> 0:13:09.320 into a federal court, I'd bet I'd bet it gets 0:13:09.360 --> 0:13:11.800 struck down. So she actually has to proceed a lot 0:13:11.880 --> 0:13:14.959 more carefully than her rhetoric indicates. 0:13:15.400 --> 0:13:17.640 How does this impact has been for the presidency? 0:13:18.679 --> 0:13:22.200 You know, I think, as you all say on this channel, uh, 0:13:22.320 --> 0:13:25.040 I think that I think that this is largely priced in. 0:13:26.040 --> 0:13:30.320 You know wrote the uh. You know, those who are 0:13:30.360 --> 0:13:33.760 outraged will be outraged, those who aren't, and you know, 0:13:34.080 --> 0:13:38.559 wishing Meal will be And it doesn't convince anybody else. 0:13:38.600 --> 0:13:41.679 They know it's uh uh, they know it's a bad situation. 0:13:41.920 --> 0:13:43.839 But are they going to be swayed one way or 0:13:43.880 --> 0:13:48.520 the other. Uh. I doubt it, particularly compared to what 0:13:48.559 --> 0:13:51.600 the hot button issues are and everything I get from 0:13:51.640 --> 0:13:55.560 talking to people who are in the political field. I mean, actually, 0:13:55.640 --> 0:13:58.679 you know, talking to voters, you know on the ground, UH, 0:13:59.000 --> 0:14:02.959 is that the economy and border security remain by far 0:14:03.040 --> 0:14:05.440 the top two issues. So I think this is spice 0:14:05.480 --> 0:14:06.240 one way or the other. 0:14:07.000 --> 0:14:09.200 Let's shift gears end. At Capitol Hill, the House and 0:14:09.200 --> 0:14:12.000 Senate passed that spending bill. President Biden signed it into 0:14:12.080 --> 0:14:16.160 law early Saturday. What does this bill do? I mean, 0:14:16.720 --> 0:14:19.200 when do we see another shut down countdown? 0:14:20.640 --> 0:14:23.920 Well, you won't. You feel good or bad about this, 0:14:24.240 --> 0:14:27.600 It's up to you. But if you won't until basically 0:14:27.680 --> 0:14:31.520 the first of October, spending now is done until the 0:14:31.640 --> 0:14:34.840 end of the fiscal year, which comes the first of October. 0:14:35.280 --> 0:14:38.760 I think largely what you'll see pre and post election, 0:14:39.000 --> 0:14:41.880 so roughly until the end of the calendar year is 0:14:41.960 --> 0:14:45.840 Congress kicking the can and essentially saying, look, you know, 0:14:45.880 --> 0:14:48.840 the outcome of the election is good to determine what 0:14:49.040 --> 0:14:53.000 spending is. But markets should make no mistake. You know, 0:14:53.120 --> 0:14:57.080 markets have largely priced the sort of the performative stuff 0:14:57.080 --> 0:14:59.920 in as well anyway. But markets should make no mistake, 0:15:00.120 --> 0:15:02.400 is not going to be any any major change in 0:15:02.480 --> 0:15:06.360 spending no matter who wins the election, and the debt 0:15:06.360 --> 0:15:09.280 and defsit problems that exists will continue to exist, so 0:15:09.520 --> 0:15:11.440 you know, net, it's not going to matter very much. 0:15:12.000 --> 0:15:14.080 We got about a minute left here. Some far right 0:15:14.120 --> 0:15:17.080 Republicans not at all happy at House Speaker Mike Johnson 0:15:17.120 --> 0:15:19.240 even allowed this to come up for a vote at all, 0:15:19.680 --> 0:15:21.200 So what does his future look like? 0:15:22.640 --> 0:15:27.120 You know? I bet he, I bet he sticks. The 0:15:27.160 --> 0:15:31.920 Congresswoman Green's motion is out there but is not triggered, 0:15:32.000 --> 0:15:36.200 so it's She expresses disappointment with what Johnson did on spending. 0:15:36.280 --> 0:15:38.520 But you know, this is also the kind of performative 0:15:38.560 --> 0:15:42.160 cowardice that makes Washington what it is today. She expresses, 0:15:42.240 --> 0:15:45.160 the you know, tries to pull the trigger after the 0:15:45.200 --> 0:15:47.160 deed is done, so that tells you everything you need 0:15:47.200 --> 0:15:50.680 to know. It also is designed to perform some kind 0:15:50.720 --> 0:15:53.480 of a block on Ukraine voting, but I think that 0:15:53.720 --> 0:15:57.520 it probably gives centrists in both parties, who are already 0:15:57.520 --> 0:16:01.280 trying to rally here more gas to actually try to 0:16:01.280 --> 0:16:04.240 get something on Ukraine done. So I'd watch that space 0:16:04.680 --> 0:16:06.240 I've said that, I think it makes so a little 0:16:06.280 --> 0:16:07.360 more likely that happens. 0:16:10.080 --> 0:16:13.360 You are listening to Bloomberg Daybreak today, your morning brief 0:16:13.400 --> 0:16:16.640 on the stories making news from Wall Street to Washington 0:16:16.760 --> 0:16:17.400 and beyond. 0:16:17.600 --> 0:16:20.360 Look for us on your podcast feed at six am 0:16:20.440 --> 0:16:24.080 Eastern each morning, on Apple, Spotify, and anywhere else you 0:16:24.160 --> 0:16:25.400 get your podcasts. 0:16:25.720 --> 0:16:29.000 You can also listen live each morning starting at five 0:16:29.040 --> 0:16:32.240 am Wall Street Time on Bloomberg eleven three to zero 0:16:32.240 --> 0:16:35.440 in New York, Bloomberg ninety nine to one in Washington, 0:16:35.800 --> 0:16:39.320 Bloomberg one oh sixty one in Boston, and Bloomberg nine 0:16:39.480 --> 0:16:41.160 sixty in San Francisco. 0:16:41.840 --> 0:16:45.000 Our flagship New York station is also available on your 0:16:45.040 --> 0:16:50.560 Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. 0:16:50.760 --> 0:16:54.240 Listen coast to coast on the Bloomberg Business app, Sirius 0:16:54.440 --> 0:16:59.760 Xmthiheartradio app, and on Bloomberg dot Com. I'm Amy Morris. 0:17:00.040 --> 0:17:01.200 And I'm Karen Moscow. 0:17:01.400 --> 0:17:04.199 Join us again tomorrow morning for all the news you 0:17:04.280 --> 0:17:07.480 need to start your day, right here on Bloomberg Daybreak