CEO Murder Suspect Fights Extradition; Wall Street Awaits CPI

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:09.760 --> 0:00:11.680 Good morning. I'm Nathan Hager and. 0:00:11.600 --> 0:00:14.640 I'm Karen Moscow. Here are the stories we're following today. 0:00:14.800 --> 0:00:16.919 Karen, we begin once again with the arrest of a 0:00:17.000 --> 0:00:20.759 suspect accused of murdering United Healthcare CEO Brian Thompson on 0:00:20.800 --> 0:00:23.159 the Manhattan Street. Let's get the very latest now at 0:00:23.160 --> 0:00:24.240 Bloomberg's John Tucker. 0:00:24.400 --> 0:00:28.000 John, Good morning, Nathan. The drama surrounding the intense manhunt 0:00:28.000 --> 0:00:31.240 for the suspected shooter. Twenty six year old Luigi Mangione 0:00:31.680 --> 0:00:35.120 has now morphed into a legal drama over his extradition 0:00:35.240 --> 0:00:38.400 from Pennsylvania to New York. He's fighting it. As he 0:00:38.560 --> 0:00:41.040 was letting antel the Blair County Courthouse, he yelled to 0:00:41.120 --> 0:00:50.880 reporters please out. Has a defense attorney, Thomas Dicky, says 0:00:50.920 --> 0:00:53.959 his client intends to plead not guilty to all charges. 0:00:54.400 --> 0:00:57.680 We're going to use the process and use the constitution 0:00:57.760 --> 0:00:59.560 and the rights that are available to any one of 0:00:59.600 --> 0:01:03.520 us room and any Americans, a citizen or person charged 0:01:03.560 --> 0:01:05.360 with a crime fighting extradition. 0:01:05.400 --> 0:01:08.240 By some time, he may gain some discovery by forcing 0:01:08.240 --> 0:01:11.320 authorities to show what probable cause or evidence they have 0:01:11.800 --> 0:01:15.000 a Police have already said that evidence includes written admissions 0:01:15.000 --> 0:01:17.760 about the crime. Meantime, in the weeks leading up to 0:01:17.800 --> 0:01:20.399 the killing, friends and family worried about the accused shooter. 0:01:20.840 --> 0:01:24.560 ABC tracked down a former roommate in Hawaii says Mangione 0:01:24.600 --> 0:01:26.080 struggled with a back injury. 0:01:26.640 --> 0:01:28.840 The severity of his back issue is such that it 0:01:28.920 --> 0:01:34.560 was very difficult to have physical relationships with women. 0:01:34.800 --> 0:01:38.600 Mangioni also posted about brain fog and sciatica, at one 0:01:38.640 --> 0:01:42.000 point writing it's absolutely brutal to have such a life 0:01:42.040 --> 0:01:46.240 halting issue. While the extradition battle unfolds, Al Tuna police 0:01:46.360 --> 0:01:49.440 say some threats have been made against their officers. The 0:01:49.440 --> 0:01:52.480 deputy police chief, Derek Swape said this is clearly a 0:01:52.640 --> 0:01:56.520 very polarized case in New York. I'm John Tucker, Bloomberg Radio. 0:01:56.840 --> 0:01:58.600 All right, John, thank you. While we want to turn 0:01:58.640 --> 0:02:01.480 now to the latest developments in the Middle East. Israel 0:02:01.520 --> 0:02:04.680 has increased its attacks on military sites in Syria. The 0:02:04.760 --> 0:02:08.280 Israeli military claims as strikes are to prevent strategic weapons 0:02:08.280 --> 0:02:11.000 from falling into the hands of terrorists. We yet more 0:02:11.120 --> 0:02:14.239 from Bloomberg Middle East correspondent Jumani Birsecci. 0:02:14.400 --> 0:02:17.720 It's been an extremely intense military campaign that started right 0:02:17.800 --> 0:02:20.960 after the regime fell. The Israeli Air Force has now 0:02:20.960 --> 0:02:23.680 said that they've launched more than three hundred raids in 0:02:23.760 --> 0:02:27.239 various parts of Syria, so not specific to Damascus. They've 0:02:27.280 --> 0:02:32.000 been striking most of the strategic weapons stockpiles. They've also 0:02:32.480 --> 0:02:38.239 targeted navy facilities, air force airfields, weapons production sites, even 0:02:38.360 --> 0:02:40.680 naval vessels as well. We're hearing off the coast of 0:02:40.760 --> 0:02:43.160 Latakia the idea of estimate that they've actually managed to 0:02:43.200 --> 0:02:48.399 eliminate seventy to eighty percent of Syria's entire military capabilities. 0:02:48.680 --> 0:02:52.640 Bloomberg Middle Age corresponded. Jumana Barseeci says Israel is weary 0:02:52.720 --> 0:02:56.040 of the opposition groups that brought down but Sharla Sadz government. 0:02:56.360 --> 0:02:59.480 The rebels are led by Hayatarira al Sham and Islamist 0:02:59.520 --> 0:03:01.560 group are richly affiliated with al Qaeda. 0:03:01.840 --> 0:03:04.240 Now, Karen, let's get to the latest on the Trump transition. 0:03:04.480 --> 0:03:07.320 President to like, Donald Trump has made more key appointments, 0:03:07.600 --> 0:03:11.000 including Andrew Ferguson to lead the Federal Trade Commission. We 0:03:11.080 --> 0:03:13.519 get more from Bloomberg's stud Prisner. 0:03:13.360 --> 0:03:16.160 Ferguson is one of two Republican members on the FTC, 0:03:16.360 --> 0:03:20.000 so his appointment will not require Senate confirmation. The chair 0:03:20.040 --> 0:03:23.600 of the agency is a politically charged role currently held 0:03:23.600 --> 0:03:24.359 by Lena Kahn. 0:03:24.800 --> 0:03:24.960 Now. 0:03:25.000 --> 0:03:28.200 Ferguson joined the FTC in April, and he has dissented 0:03:28.200 --> 0:03:31.320 from several of Khan's rule making efforts, including a ban 0:03:31.440 --> 0:03:35.360 on non compete clauses in employment contracts and rules making 0:03:35.440 --> 0:03:38.720 it easier to cancel subscriptions. Now, Ferguson will have to 0:03:38.800 --> 0:03:42.760 navigate between competing interest within the GOP on one side 0:03:42.800 --> 0:03:47.120 populist regulatory hawks and on the other establishment conservatives in 0:03:47.240 --> 0:03:50.360 business groups. In New York Time, Doug Prisoner, Bloomberg. 0:03:50.040 --> 0:03:52.280 Radio, all Right, Doug, thank you well. Along with the 0:03:52.360 --> 0:03:57.120 FTC pick, President elect Shrump has filled several more diplomatic posts. 0:03:57.200 --> 0:04:00.760 He's named Ronald Johnson as his ambassador to Mexico. Johnson 0:04:00.800 --> 0:04:03.840 served as ambassador to El Salvador in Trump's first term. 0:04:04.120 --> 0:04:07.440 The president elect has also tapped Colony Capital founder Tom 0:04:07.480 --> 0:04:10.680 Barrack to be his ambassador to Turkey and Scott Besson, 0:04:10.840 --> 0:04:13.880 Trump's picked to serve as Treasury Secretary. Is planning to 0:04:13.920 --> 0:04:16.960 meet with several Republican senators today as he continues to 0:04:16.960 --> 0:04:18.680 build support for his nomination. 0:04:19.080 --> 0:04:20.440 Turn to markets now, Karen. 0:04:20.480 --> 0:04:23.920 The dollar is strengthening on a report Chinese leaders are 0:04:23.920 --> 0:04:26.479 considering allowing their currency to weaken as they brace for 0:04:26.680 --> 0:04:30.120 higher tariffs under a second Trump presidency. Meanwhile, stocks have 0:04:30.200 --> 0:04:33.160 fallen for two straight sessions. Peter Cheer, head of macro 0:04:33.200 --> 0:04:36.640 strategy at Academy Security, says stocks are at lofty levels. 0:04:37.040 --> 0:04:39.320 I do think we are a little bit over our skes. Again, 0:04:39.400 --> 0:04:40.880 it's very hard to get a big sell off. I 0:04:40.880 --> 0:04:43.600 think in December seasonality tends to be good, but I 0:04:43.680 --> 0:04:45.719 do see a lot of froth building up in the market. 0:04:45.800 --> 0:04:48.960 I think people have also become overly complacent on Trump. 0:04:49.040 --> 0:04:51.000 I think they forget that he likes chaos, and now 0:04:51.000 --> 0:04:53.680 that everyone's decided, oh, these are all just negotiating employees 0:04:53.680 --> 0:04:55.839 with China, We're set up for a little bit of 0:04:55.839 --> 0:04:58.039 failure as we see real friction emerge. 0:04:58.200 --> 0:05:01.000 Academy Securities, Peter cheeroes this s P five hundred is 0:05:01.080 --> 0:05:03.880 up more than twenty six percent so far this year. 0:05:04.520 --> 0:05:07.160 Well, Nathan, the direction of the markets today and next 0:05:07.160 --> 0:05:10.400 week's FED decision may be impacted by a key economic reading. 0:05:10.480 --> 0:05:12.880 This morning at eight thirty am, Wall Street time to 0:05:12.920 --> 0:05:15.799 get the latest reading on inflation, but the consumer price 0:05:15.839 --> 0:05:19.280 index for November, we get a preview with Bloomberg's Michael. 0:05:19.040 --> 0:05:22.599 McKee headline, Inflation is forecast to have ticked up in November. 0:05:22.800 --> 0:05:26.440 Will that derail of FED rate cut next week? Probably not. 0:05:26.760 --> 0:05:29.720 The FED will be most interested in the composition of inflation. 0:05:29.960 --> 0:05:33.479 The largest contributor to higher prices is housing, and it's 0:05:33.520 --> 0:05:36.680 not getting any cheaper. The question is will the rate 0:05:36.720 --> 0:05:40.240 of increase slow. Used car prices are also expected up 0:05:40.279 --> 0:05:43.680 a question of demand used car sales, and therefore prices 0:05:43.760 --> 0:05:48.159 tend to rise after natural disasters like October's hurricanes. Also 0:05:48.200 --> 0:05:51.719 on watch auto insurance. All things a FED rate cut 0:05:51.920 --> 0:05:55.000 likely warned influence Michael McKee, Bloomberg Radio. 0:05:55.279 --> 0:05:55.800 I might thank. 0:05:55.880 --> 0:05:59.160 Several companies are in the news this morning, including SpaceX. 0:05:59.279 --> 0:06:01.760 The value of Lawn Musk's rocket company has jumped to 0:06:01.760 --> 0:06:05.359 about three hundred and fifty billion dollars. That's because, according 0:06:05.400 --> 0:06:08.160 to an email to employees seen by Bloomberg, investors have 0:06:08.200 --> 0:06:10.040 agreed to purchase as much as one and a quarter 0:06:10.080 --> 0:06:13.280 billion dollars of SpaceX common shares at one hundred and 0:06:13.320 --> 0:06:13.960 eighty five. 0:06:13.800 --> 0:06:14.679 Dollars a piece. 0:06:14.760 --> 0:06:16.880 Sources tell us that share prices up from the one 0:06:16.960 --> 0:06:20.279 hundred and twelve dollars established during a previous valuation. 0:06:20.400 --> 0:06:23.920 As of late September, Well Nathan, one of musk competitors 0:06:24.000 --> 0:06:26.520 and another one of his other businesses, is making a 0:06:26.560 --> 0:06:31.040 strategic move. General Motors is shutting down its Cruise Robotaxi program, 0:06:31.120 --> 0:06:35.000 citing high development costs and reputational risks. GM invested more 0:06:35.040 --> 0:06:37.719 than nine billion dollars in Cruise and at one point 0:06:37.800 --> 0:06:42.159 rivaled Google parent Alphabet's Waimo for robotaxi supremacy and San 0:06:42.200 --> 0:06:46.280 Francisco and other cities. Both Alphabet and Tesla have trillion 0:06:46.320 --> 0:06:50.520 dollar market caps that dwarf GM's fifty eight billion dollar valuation. 0:06:50.920 --> 0:06:52.640 Well, Karen Kroger may have to shop for a new 0:06:52.760 --> 0:06:53.719 takeover target. 0:06:53.760 --> 0:06:56.640 A federal judge has blocked the supermarket chain's twenty four 0:06:56.680 --> 0:07:00.200 point six billion dollar acquisition of Albertsons. The judge the 0:07:00.200 --> 0:07:04.320 takeover with lesson competition for grocery shoppers. Kroger rose more 0:07:04.360 --> 0:07:07.000 than five percent on the news, while Albertsons fell two 0:07:07.040 --> 0:07:08.120 point three percent. 0:07:08.200 --> 0:07:11.160 And nathan Us Steel and dropped almost ten percent, sources 0:07:11.200 --> 0:07:14.160 a President Biden plans to formally block the fourteen point 0:07:14.160 --> 0:07:16.440 one billion dollars sale of the company to nip On 0:07:16.600 --> 0:07:20.280 Steel on national security grounds. The fate of the once 0:07:20.320 --> 0:07:23.600 fabled US steelmaker has become a hot political issue since 0:07:23.640 --> 0:07:26.200 the company reached an agreement to be taken over by 0:07:26.200 --> 0:07:29.800 its Japanese suitor almost a year ago. US Steel has 0:07:29.840 --> 0:07:32.240 so the deal represents a lifeline and warned it may 0:07:32.280 --> 0:07:36.119 move its headquarters out of Pennsylvania and shutter some operations 0:07:36.200 --> 0:07:41.800 if the merger collapses. Time now for a look at 0:07:41.800 --> 0:07:43.560 some of the other stories making news in New York 0:07:43.600 --> 0:07:45.240 and around the world, and for that we're joined by 0:07:45.240 --> 0:07:47.480 Bloomberg's Michael Barr. Michael, good Morning. 0:07:47.640 --> 0:07:50.960 Good morning. Karen. The marine veteran who choked a volatile, 0:07:51.200 --> 0:07:54.080 mentally ill man on a New York subway, is speaking 0:07:54.120 --> 0:07:59.320 about the incident. Daniel Penny, recently acquitted of criminally negligent homicide, 0:07:59.560 --> 0:08:03.160 says he couldn't have lived with himself if he hadn't acted. 0:08:03.600 --> 0:08:06.720 Penny put Jordan Neely in a choke hold for about 0:08:06.760 --> 0:08:10.880 six minutes after Neely had an outburst that frightened riders 0:08:10.920 --> 0:08:11.840 on a subway car. 0:08:12.440 --> 0:08:15.200 He was just threatening to kill people. Who's threatening to 0:08:17.520 --> 0:08:19.680 go to jail forever, go to jail for the rest 0:08:19.680 --> 0:08:23.600 of his life. And now where I'm on the ground 0:08:23.600 --> 0:08:27.400 with him, I'm on my back in a very vulnerable position. 0:08:27.600 --> 0:08:31.560 Daniel Penny spoke to Fox News. Meanwhile, scores of New 0:08:31.640 --> 0:08:35.880 Yorker's protest at the trial outcome last evening. About twenty 0:08:35.920 --> 0:08:40.200 thousand residents in Malibu, California, are under evacuation orders and 0:08:40.280 --> 0:08:43.760 alerts as a fire burning near the city now spans 0:08:43.800 --> 0:08:48.160 more than four square miles and remains zero percent contained. 0:08:48.640 --> 0:08:52.719 Los Angeles County Fire Chief Anthony Morone says more than 0:08:52.800 --> 0:08:56.320 fifteen hundred firefighters have been assigned to fight the blazes. 0:08:56.840 --> 0:09:02.000 Over thirteen federal, state, and local agency aircraft were assigned 0:09:02.040 --> 0:09:05.559 to the fire, and a number of those aerial resources 0:09:06.120 --> 0:09:08.280 will remain flying throughout the night. 0:09:08.920 --> 0:09:12.160 Chief Maron says a few homes have been burned and damaged, 0:09:12.160 --> 0:09:16.120 but the exact number is not yet known. Former Defense 0:09:16.200 --> 0:09:19.960 Minister Kim Jong un attempted to kill himself in South Korea, 0:09:20.320 --> 0:09:23.280 but failed to do so. Kim tried to kill himself 0:09:23.280 --> 0:09:27.200 at a detention center in Seoul. Kim was arrested earlier 0:09:27.240 --> 0:09:30.320 today after a sole court approved a warrant for him 0:09:30.640 --> 0:09:33.640 on allegations of playing a key role in a rebellion 0:09:33.880 --> 0:09:37.200 and committing abuse of power. He became the first person 0:09:37.280 --> 0:09:41.520 arrested over the short lived martial law decree earlier this month. 0:09:41.920 --> 0:09:46.280 Kim is said now to be in stable condition. Global 0:09:46.320 --> 0:09:49.320 News twenty four hours a day and whenever you want 0:09:49.320 --> 0:09:52.640 it with Bloomberg News Now. I'm Michael Barr, and this 0:09:52.960 --> 0:09:53.840 is Bloomberg Caron. 0:09:54.040 --> 0:10:00.760 All right, Michael Barr, thank you time now for the 0:10:00.800 --> 0:10:03.960 Bloomberg Sports Update. It's brought to you I try state 0:10:04.000 --> 0:10:06.520 OUTI here's John Stashawer, John, good morning. 0:10:06.320 --> 0:10:08.240 Good morning Karen. The Yankees are willing to pay one 0:10:08.360 --> 0:10:11.400 Soto about forty eight million dollars a year, and obviously 0:10:11.440 --> 0:10:13.800 they are now not doing that, so they've got money 0:10:13.800 --> 0:10:16.720 to spend elsewhere, and they have added a frontline starting pitcher, 0:10:16.840 --> 0:10:19.959 Max Freed. Over his last five seasons with Atlanta had 0:10:20.000 --> 0:10:22.760 the second lowest dra and the majors among starters. The 0:10:22.800 --> 0:10:25.439 Yanks are giving Freed an eight year contract that takes 0:10:25.520 --> 0:10:28.240 him to age thirty eight. It's for two hundred and 0:10:28.280 --> 0:10:31.640 eighteen million dollars. That's the most ever for a leftyes 0:10:31.720 --> 0:10:34.240 for their offense. Help could come into possible trade with 0:10:34.280 --> 0:10:37.280 the Cardinals for eight time All Star, ten time Gold 0:10:37.320 --> 0:10:40.120 Glove winning third baseman Nolan and Aaronado. His agent was 0:10:40.160 --> 0:10:42.840 given permission to seek a deal, and the Yanks said 0:10:42.840 --> 0:10:45.520 to be among the teams interested. With Soto on the Mets, 0:10:45.760 --> 0:10:48.360 Does that mean Pete Alonzo will not re sign? Mets 0:10:48.400 --> 0:10:50.960 gentlemenager David Stern spoke with sn Y. 0:10:51.720 --> 0:10:55.559 We love Pete and we've been consistent about that throughout 0:10:55.679 --> 0:10:58.199 Pizza A really good met and we'll see where the 0:10:58.240 --> 0:11:00.760 off season goes. I'm not going to make any predictions, 0:11:01.880 --> 0:11:04.240 but we understand what Pete has met to our franchise 0:11:04.240 --> 0:11:06.400 and we're gonna see how the rest of the offseason 0:11:06.400 --> 0:11:06.800 plays out. 0:11:06.880 --> 0:11:10.120 One other signing last night Texas is keeping starter Nathan 0:11:10.160 --> 0:11:13.480 Neval the NBA Cup Quarterfinals, Milwaukee got thirty seven points 0:11:13.520 --> 0:11:16.040 from Gianni's son to the Compo beat Orlando one fourteen 0:11:16.080 --> 0:11:19.479 one oh nine, thirty nine points for Shay Gilgess Alexander 0:11:19.480 --> 0:11:22.440 and Oklahoma City's one eighteen one oh four went over Dallas, 0:11:22.440 --> 0:11:26.160 so the Bucks and Thunder advance the Saturday Semifinals in 0:11:26.200 --> 0:11:28.400 Las Vegas, and the Knicks hoping to join them. They 0:11:28.480 --> 0:11:30.800 need to beat at LNT to tonight at the Garden. 0:11:30.880 --> 0:11:33.400 Rangers played tonight in Buffalo. Blue Shorts lost only four 0:11:33.440 --> 0:11:35.760 of their first seventeen games. They've dropped eight of their 0:11:35.800 --> 0:11:38.720 last ten. Islanders last night lost to the Kings three 0:11:38.760 --> 0:11:41.079 to one. Devils lost two one in overtime to Toronto. 0:11:41.160 --> 0:11:44.599 Bruins lost in Winnipeg eight to one. College hoops with 0:11:44.640 --> 0:11:47.240 the Garden, Tennessee now ranked number one first time in 0:11:47.280 --> 0:11:49.320 six years, and the Balls went to nine to zero, 0:11:49.440 --> 0:11:52.600 all nine by double digits seventy five sixty two over Miami. 0:11:52.679 --> 0:11:56.120 Also at MSG, Arkansas, now coached by John Caliperi, came 0:11:56.160 --> 0:11:59.120 from fifteen down beat Michigan by two. Rutgers beat Penn 0:11:59.160 --> 0:12:03.240 State eighty six. John Starshawer Bloomberg Sport Karen Ethan. 0:12:05.240 --> 0:12:09.400 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:12:09.480 --> 0:12:12.400 and around the world on Bloomberg dot Com and the 0:12:12.400 --> 0:12:13.640 Bloomberg Business app. 0:12:13.880 --> 0:12:17.040 This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. 0:12:17.080 --> 0:12:19.400 The five day man hunt for the suspect in United 0:12:19.440 --> 0:12:22.160 Healthcare CEO Brian Thompson's murder is now a drawn out 0:12:22.240 --> 0:12:26.000 legal fight. Luigi Mangioni is fighting extradition to New York. 0:12:26.240 --> 0:12:29.319 His attorney, Thomas Dicky, says he will plead not guilty. 0:12:29.720 --> 0:12:32.640 The burden's always on the government, thank god, and that's 0:12:32.640 --> 0:12:34.240 start burden, and they're going to have to produce some 0:12:34.320 --> 0:12:36.080 evidence and we're anxious to see it. 0:12:36.520 --> 0:12:40.520 Attorney Thomas Dicky spoke in Altuna, Pennsylvania, where Mangioni remains held, 0:12:40.559 --> 0:12:42.520 this morning, and from where we are joined by Bloomberg 0:12:42.559 --> 0:12:46.760 News Senior editor Bill Ferries. Bill, good morning, Waving. Extradition 0:12:46.880 --> 0:12:49.680 does drag this case out potentially for quite a while, 0:12:49.679 --> 0:12:53.079 but we've already seen quite a bit of evidence against 0:12:53.120 --> 0:12:54.120 Luigi Mangioni. 0:12:54.160 --> 0:12:56.199 Good morning, Hey, good morning. 0:12:56.280 --> 0:12:59.679 Yeah. I think Mangioni and is his attorney are going 0:12:59.760 --> 0:13:02.160 to try to slow this process down. I mean, we 0:13:02.240 --> 0:13:05.520 got used to this, you know, this five day manhunt 0:13:05.520 --> 0:13:07.800 where things were happening every day. We were getting little 0:13:07.880 --> 0:13:11.160 kind of drip feeds of of evidence and uh and 0:13:11.600 --> 0:13:15.400 some news about where uh Mangioni, the you know, the 0:13:15.440 --> 0:13:18.480 alleged suspect here was moving around, where he was going, 0:13:18.520 --> 0:13:19.360 what he had on him. 0:13:19.720 --> 0:13:19.960 Uh. 0:13:19.960 --> 0:13:23.120 But yeah, this is gonna slow down considerably in the 0:13:23.160 --> 0:13:26.319 coming weeks as he fights that extradition. We have seen 0:13:26.880 --> 0:13:30.280 police reports have put out some evidence so far. They 0:13:30.320 --> 0:13:33.720 say they found basically a ghost gun and and a 0:13:33.880 --> 0:13:37.440 silencer suppressor that appeared to have been three D printed. 0:13:37.800 --> 0:13:41.599 He did have some sort of a manifesto against the 0:13:41.640 --> 0:13:45.280 health insurance industry on him, and I think we've seen 0:13:45.360 --> 0:13:48.000 some brief excerpts of that, and I'm sure more will 0:13:48.040 --> 0:13:48.480 be coming. 0:13:48.960 --> 0:13:49.080 Uh. 0:13:49.160 --> 0:13:53.040 And of course, you know, just to initially investigate this crime, 0:13:53.120 --> 0:13:55.640 there was a considerable amount of use of you know, 0:13:55.720 --> 0:14:00.120 looking at a CCTV videotapes from around New York City, 0:14:00.160 --> 0:14:02.920 including all the way to the bus station. Still a 0:14:02.960 --> 0:14:07.640 lot of questions in this case, but fighting that extradition 0:14:07.760 --> 0:14:12.080 gives Mangioni a chance to perhaps look for a stronger 0:14:12.160 --> 0:14:14.640 legal team in New York, if that's what he wants 0:14:14.679 --> 0:14:18.320 to do. And it also allows him to avoid going 0:14:18.360 --> 0:14:22.440 into Rikers Island prison right now, which is most likely 0:14:22.440 --> 0:14:25.200 where he would be sent if he waived extradition and 0:14:25.240 --> 0:14:25.920 went to New York. 0:14:26.240 --> 0:14:29.360 So a lot of questions still to be answered, Bill, 0:14:29.440 --> 0:14:32.360 but I think one of the biggest questions for many 0:14:32.400 --> 0:14:35.480 people watching this case is how does someone with the 0:14:35.600 --> 0:14:39.840 kind of privileged background that Luigi Mangioni has wind up 0:14:39.840 --> 0:14:42.560 being a suspect in a mid ten Manhattan murder. 0:14:43.480 --> 0:14:45.920 Yeah, that's going to be a huge part of this 0:14:46.200 --> 0:14:49.080 just kind of you how do you evolve from one 0:14:49.160 --> 0:14:51.480 to the other. There he went to obviously one of 0:14:51.480 --> 0:14:55.280 the most elite schools in the country, Gilman School in Baltimore, 0:14:55.680 --> 0:14:59.680 University of Pennsylvania. He even taught a class for summer 0:15:00.120 --> 0:15:03.680 high school students at Stanford University in AI, so a 0:15:03.720 --> 0:15:06.800 really shocking change. There's been a lot of digging into 0:15:06.840 --> 0:15:11.760 his social media profile, some questions about whether maybe he 0:15:11.960 --> 0:15:15.920 had chronic back pain as a result of some kind 0:15:15.920 --> 0:15:18.600 of a surfing accident or other sports accident, and whether 0:15:18.960 --> 0:15:21.880 you know that may be linked to his complaints or 0:15:21.880 --> 0:15:25.840 frustrations about the insurance industry that I think as those 0:15:25.880 --> 0:15:28.280 are the kind of things that I expect to see 0:15:28.280 --> 0:15:31.400 coming out in the weeks ahead as he fights extradition 0:15:31.560 --> 0:15:34.920 and perhaps makes prosecutors release a little bit more information 0:15:35.320 --> 0:15:37.360 about what you know, what they've collected in the last 0:15:38.200 --> 0:15:38.760 week or so. 0:15:38.960 --> 0:15:41.240 And in our last thirty seconds bill this is really 0:15:41.280 --> 0:15:43.760 sent a shutter through the health insurance industry. 0:15:43.800 --> 0:15:45.720 Hasn't end, Yeah, it has. 0:15:45.800 --> 0:15:48.040 I think you're seeing all the frustrations that a lot 0:15:48.120 --> 0:15:52.280 of people have about the cost of healthcare and and 0:15:52.400 --> 0:15:55.720 you know, claims being denied. I think that's turning up 0:15:55.800 --> 0:15:59.080 in some of the support you're seeing for man Gioni 0:15:59.200 --> 0:16:02.120 saying he's, you know, supporting this kind of vigilante action 0:16:02.600 --> 0:16:05.600 that Governor Sapiro and Pennsylvania and others have been speaking 0:16:05.600 --> 0:16:06.120 out against. 0:16:06.320 --> 0:16:09.760 This is Bloomberg Daybreak, your morning podcast on the stories 0:16:09.840 --> 0:16:12.840 making news from Wall Street to Washington and beyond. 0:16:13.120 --> 0:16:15.520 Look for us on your podcast feed by six am 0:16:15.560 --> 0:16:18.960 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:19.160 --> 0:16:22.000 You can also listen live each morning starting at five 0:16:22.040 --> 0:16:24.760 am Wall Street Time on Bloomberg eleven three to zero 0:16:24.760 --> 0:16:27.680 in New York, Bloomberg ninety nine to one in Washington, 0:16:27.720 --> 0:16:31.680 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:31.880 --> 0:16:33.600 XM Channel one twenty one. 0:16:33.840 --> 0:16:36.560 Plus listen coast to coast on the Bloomberg Business app 0:16:36.600 --> 0:16:40.080 now with Applecarplay and Android Atto interfaces. 0:16:39.640 --> 0:16:42.640 And don't forget to subscribe to Bloomberg News Now it's 0:16:42.680 --> 0:16:45.400 the latest news, whenever you want it in five minutes 0:16:45.480 --> 0:16:48.640 or less. Search Bloomberg News Now and your favorite podcast 0:16:48.640 --> 0:16:50.880 platform to stay informed all day long. 0:16:51.200 --> 0:16:53.600 I'm Karen Moscow and I'm Nathan Hager. 0:16:53.720 --> 0:16:55.800 Join us again tomorrow morning for all the news you 0:16:55.840 --> 0:16:58.640 need to start your day right here on Bloomberg Daybreak.