Latest / Trumponomics / Introducing: Bloomberg Daybreak Europe Edition

Transcript

Introducing: Bloomberg Daybreak Europe Edition · Trumponomics

• 0:02
  Speaker 1: Hi there. I'm Caroline Hipker.
• 0:03
  Speaker 2: And I'm Stephen Carol. We know you're here for the
• 0:06
  Speaker 2: latest episode of Stephanomics, but we wanted.
• 0:09
  Speaker 1: To tell you about another podcast we think you'll like.
• 0:12
  Speaker 1: It's called Bloomberg Daybreak You're Petition.
• 0:15
  Speaker 2: Every morning, we bring you headline news from around the world.
• 0:17
  Speaker 1: Exclusive reporting from our global team of two thy seven
• 0:21
  Speaker 1: hundred journalists and analysts.
• 0:23
  Speaker 2: Plus newsmaking interviews with CEOs and global leaders.
• 0:27
  Speaker 1: All of this and more in just fifteen minutes in
• 0:29
  Speaker 1: your podcast feed every morning from seven am London time.
• 0:33
  Speaker 1: Just search for Bloomberg Daybreak You Are Petition And if
• 0:36
  Speaker 1: you can't wait that long, here's the latest episode. Good morning,
• 0:45
  Speaker 1: It's Tuesday, the sixteenth of January here in London. This
• 0:48
  Speaker 1: is the Bloomberg Daybreak You podcast. I'm Caroline Hipker.
• 0:51
  Speaker 2: And I'm Stephen Carroll. Coming up today, IOWA delivers a
• 0:54
  Speaker 2: resounding win for Donald Trump and his bid for the
• 0:57
  Speaker 2: Republican presidential nomination.
• 1:00
  Speaker 1: ZA and the UK worn commercial vessels to avoid the
• 1:03
  Speaker 1: Red Sea as a merchant ship is hit with a
• 1:06
  Speaker 1: ballistic missile.
• 1:08
  Speaker 2: Plus Musk wants more. The Tesla CEO says he needs
• 1:11
  Speaker 2: twenty five percent control before developing the firm's AI projects.
• 1:17
  Speaker 1: Let's start with a roundup of our top stories.
• 1:19
  Speaker 2: Donald Trump has cruised to victory in the Iowa Republican
• 1:22
  Speaker 2: presidential caucus, with Ron De Santis finishing a distant second
• 1:26
  Speaker 2: and Nikki Hayley third. Ohio entrepreneur Vivik Gramaswami ended his
• 1:31
  Speaker 2: presidential bid after a disappointing showing. Republican political consultant Rick
• 1:35
  Speaker 2: Davis explains how the nomination race could now unfold for
• 1:39
  Speaker 2: Donald Trump.
• 1:40
  Speaker 3: If Trump does run the table and gets both Iowa
• 1:43
  Speaker 3: New Hampshire, a really unusual thing, then he's got four
• 1:48
  Speaker 3: weeks to consolidate his hold on South Carolina. And we've
• 1:51
  Speaker 3: seen early polling the campaign hasn't gotten to South Carolina yet,
• 1:55
  Speaker 3: so it's not reflective of a real campaign. But right
• 1:58
  Speaker 3: now he's twenty points ahead of Nikki Haley, who calls
• 2:02
  Speaker 3: it home. So and then after that, the really next
• 2:04
  Speaker 3: big thing is Super Tuesday, so he could actually walk
• 2:08
  Speaker 3: in the Super Tuesday basically unchallenged at that point.
• 2:12
  Speaker 2: Bloomberg Politics contributor and partner at Stone Court Capital, Rick
• 2:15
  Speaker 2: Davis speaking there, allies and adversaries around the world are
• 2:19
  Speaker 2: closely watching the twenty twenty four US presidential race, in
• 2:22
  Speaker 2: which Trump and Biden are offering starkly different visions for
• 2:26
  Speaker 2: America's global role. A December Morning consultant Bloomberg News poll
• 2:30
  Speaker 2: showed Trump leading Biden in the seven swing states that
• 2:33
  Speaker 2: will likely decide the outcome of the election.
• 2:36
  Speaker 1: Whoth the militants have attacked a US owned container ship
• 2:40
  Speaker 1: in the Red Sea. The vessel was hit by a
• 2:42
  Speaker 1: ballistic missile, but avoided significant damage or injuries to its crew.
• 2:47
  Speaker 1: The attack follows a warning from the US and UK
• 2:50
  Speaker 1: to merchant ships to avoid the area until further notice.
• 2:54
  Speaker 1: The EU Economy Commissioner Paulo Gentiloni sees the potential for
• 2:59
  Speaker 1: global economic fallout from the crisis.
• 3:03
  Speaker 4: What is happening in the Red Sea is not for
• 3:06
  Speaker 4: the moment apparently creating consequences on energy prises and inflation.
• 3:15
  Speaker 4: But we think that it should be monitored very closely
• 3:20
  Speaker 4: because these consequences could materialize in the coming weeks.
• 3:26
  Speaker 1: Paalo Gentiloni. There The latest attack in the Red Sea
• 3:29
  Speaker 1: comes after American and British forces bombed the hu Thies
• 3:32
  Speaker 1: in an effort to deter them from disrupting global shipping.
• 3:36
  Speaker 2: Prime Minister Rachisinak defended those joint air strikes in Parliament.
• 3:40
  Speaker 2: He told MPs that who They's aggression was the biggest
• 3:42
  Speaker 2: attack on the Royal Navy for decades.
• 3:46
  Speaker 5: I stress that this action was taken in self defense.
• 3:50
  Speaker 5: It was limited, not esplatory. It was a necessary and
• 3:55
  Speaker 5: proportionate response to a direct threat to UK vessels and
• 3:59
  Speaker 5: their to the UK itself.
• 4:02
  Speaker 2: Whishi si Nakada that he hopes the air strikes would
• 4:04
  Speaker 2: de escalate the conflict. However, the world's largest shipping association,
• 4:08
  Speaker 2: bimco's warning disruption in the area could last for some time.
• 4:12
  Speaker 2: The number of ships passing through the Southern Red seasons
• 4:14
  Speaker 2: Friday has fallen by more than half compared to the
• 4:17
  Speaker 2: corresponding period a month earlier.
• 4:19
  Speaker 1: Iran has launched missile strikes against targets in northern Iraq
• 4:24
  Speaker 1: and Syria. Bloomberg's Dan Schwartzmann has the details.
• 4:28
  Speaker 6: Four people were killed and six others wounded in an
• 4:30
  Speaker 6: Iranian missile attack in the northern Iraqi city of Airbil.
• 4:34
  Speaker 6: The Iranian Revolutionary Guard Corps has taken responsibility for the strike.
• 4:38
  Speaker 6: The state run Islamic Republic News agency says the Revolutionary
• 4:41
  Speaker 6: Guard launched ballistic missiles on the quote espionage basis of
• 4:45
  Speaker 6: anti Iranian terrorist groups in Iraq and Syria. In a statement,
• 4:48
  Speaker 6: the IRGC says the strike was in response to recent
• 4:52
  Speaker 6: targeted killings in the country. No American or coalition forces
• 4:55
  Speaker 6: stationed in Iraq and Syria were injured in the missile strikes.
• 4:59
  Speaker 6: The US also out down three drones near Arabial Airport.
• 5:02
  Speaker 6: Dan Schwartzman Bloomberg Radio.
• 5:05
  Speaker 2: UK inflation will drop to one point five percent in May,
• 5:08
  Speaker 2: according to a forecast from Ing. The bank's view is
• 5:11
  Speaker 2: that easing pressure from food and energy bills could pave
• 5:14
  Speaker 2: the way for the Bank of England to cut interest
• 5:17
  Speaker 2: rates sooner. Bloomberg James Wilcock has more.
• 5:20
  Speaker 7: The consensus view among economists has inflation falling to two
• 5:23
  Speaker 7: point one percent in mid twenty twenty five. IG's James
• 5:27
  Speaker 7: Smith thinks it will hit one point five percent in
• 5:29
  Speaker 7: just four months. He predicts falls and price rises in
• 5:33
  Speaker 7: nearly every major component and gas prices will bring the
• 5:35
  Speaker 7: Bank of England under target by May. If correct, the
• 5:39
  Speaker 7: data could be a booster if Yousunak, who has stated
• 5:41
  Speaker 7: political capital on bringing inflation under control in London, James
• 5:45
  Speaker 7: Wilcock Bloomberg Radio.
• 5:47
  Speaker 1: Apple will remove the blood oxygen feature on its smart
• 5:51
  Speaker 1: watches to avoid a US ban if an appeal fails.
• 5:54
  Speaker 1: The International Trade Commission ruled in October that Apple's devices
• 5:58
  Speaker 1: violate the pats of medical equipment maker Massimo. Bloomberg's Mark
• 6:04
  Speaker 1: German says that Apple's challenge against that decision will be
• 6:07
  Speaker 1: crucial in giving the company more time to find a solution.
• 6:12
  Speaker 8: Well, if it's not immediate removal, Apple's going to have
• 6:14
  Speaker 8: about a year to figure out a solution, And I
• 6:17
  Speaker 8: would bet heavily that with a year's time, Apple would
• 6:20
  Speaker 8: be able to retain the feature on the watch indefinitely
• 6:24
  Speaker 8: and rework it to not have to violate Arsenal's patents.
• 6:27
  Speaker 8: In fact, I've been told that they're working on this
• 6:29
  Speaker 8: software fix that changes some of the underlying algorithms from
• 6:32
  Speaker 8: the wording inside the blood oxygen saturation up to get
• 6:35
  Speaker 8: that to happen. But for that's a matter at all.
• 6:37
  Speaker 8: It's really important for Apple that they win tomorrow they
• 6:40
  Speaker 8: win that appeal.
• 6:41
  Speaker 1: Bloomberg's chief correspondent Mark German. There, Apple has increasing the
• 6:45
  Speaker 1: use health and safety features to market its smart watches
• 6:49
  Speaker 1: helping to turn the line into a seventeen billion dollar
• 6:53
  Speaker 1: business for the tech giant.
• 6:55
  Speaker 2: Elon Musk says he's uncomfortable growing Tesla's AI capacity without
• 6:59
  Speaker 2: a larger share of voting control. The automaker is currently
• 7:03
  Speaker 2: investing more than a billion dollars into its Dojo supercomputer
• 7:07
  Speaker 2: project and working to develop humanoid robots. However, in a
• 7:11
  Speaker 2: post on his social platform x, Elon Musk said that
• 7:13
  Speaker 2: without twenty five percent of voting control, he'd prefer to
• 7:17
  Speaker 2: develop products independently. According to data compiled by Bloomberg, Musk
• 7:22
  Speaker 2: currently owns more than twelve percent of the company. One
• 7:25
  Speaker 2: of the things that caught my eye from the coverage
• 7:28
  Speaker 2: of Davos this morning, and it's one of the things
• 7:30
  Speaker 2: that I like about Davos because it does get you
• 7:31
  Speaker 2: a chance to get an insight into some of the
• 7:33
  Speaker 2: workplace trends that are happening. And this conversation that the
• 7:36
  Speaker 2: chair of PwC in the UK has been having about
• 7:38
  Speaker 2: how the rise of AI actually means that more junior
• 7:42
  Speaker 2: staff should spend more time in the office. His logic
• 7:45
  Speaker 2: is is that a lot of the tasks that treat
• 7:46
  Speaker 2: people used to get trained up on are now being
• 7:48
  Speaker 2: taken over by the technology, which means face to face
• 7:52
  Speaker 2: time is even more important. He says it could actually
• 7:54
  Speaker 2: to help people accelerate them up the career ladder if
• 7:57
  Speaker 2: they're spending more time in the office, meeting people, in
• 8:00
  Speaker 2: acting with people. And he says that you need to
• 8:02
  Speaker 2: be in the office for five days a week if
• 8:04
  Speaker 2: you want to succeed in your career, which I'm quite
• 8:06
  Speaker 2: sure plenty of people would disagree with.
• 8:08
  Speaker 1: Yeah, okay, but very interesting advice perhaps the younger people
• 8:11
  Speaker 1: in the office that you need that FaceTime, that learning time,
• 8:14
  Speaker 1: I mean interesting if you get paid more sooner in
• 8:17
  Speaker 1: your career.
• 8:18
  Speaker 6: That's the office. Here's the crux of it.
• 8:20
  Speaker 2: Yeah, people might be interested and if they get that
• 8:22
  Speaker 2: sort of motivation, let's get more to know now though,
• 8:25
  Speaker 2: on the US political story, this morning, Donald Trumps won
• 8:28
  Speaker 2: the first Republican Party caucus of the campaign in Iowa.
• 8:31
  Speaker 2: Our executive editor for US Government, Michael Shepherd joins us
• 8:33
  Speaker 2: now from Iowa for more. Michael, great to have you
• 8:36
  Speaker 2: with us on the program. So the polls are predicted
• 8:38
  Speaker 2: Donald Trump would win big he did. Were there any
• 8:41
  Speaker 2: surprises in his vote?
• 8:44
  Speaker 9: Well, Steven, I thank you for having me. Our team
• 8:46
  Speaker 9: is still hard at work parsing the results and figuring
• 8:50
  Speaker 9: out what's going to come next. As for surprises, look,
• 8:53
  Speaker 9: results in any election are always a surprise, as polls
• 8:56
  Speaker 9: can sometimes get it wrong ahead of time, and in
• 8:59
  Speaker 9: tonight's because it was unclear beforehand just how much support
• 9:02
  Speaker 9: Donald Trump would get. Iowa voters are famously independent minded.
• 9:06
  Speaker 9: But he did end up with fifty one percent of
• 9:09
  Speaker 9: votes from caucus goers. And that's even more than the
• 9:12
  Speaker 9: support that was projected in the final poll of a
• 9:15
  Speaker 9: local authoritative local newspaper taken days before tonight's caucuses.
• 9:21
  Speaker 1: Okay, so that for Donald Trump. What about Rohn de Santis,
• 9:24
  Speaker 1: who came in second, What does it mean for his
• 9:26
  Speaker 1: campaign and indeed for Nicky Haley.
• 9:30
  Speaker 9: Well, let's start with Ron DeSantis. And that's a good question, Caroline.
• 9:33
  Speaker 9: I'm glad you asked that about him, because for Ron DeSantis,
• 9:36
  Speaker 9: this is a vindication of his all out bet on Iowa.
• 9:40
  Speaker 9: He really banked on trying to win the Hawkeye state.
• 9:44
  Speaker 9: He spent so much time in the months ahead of
• 9:46
  Speaker 9: the caucuses. He visited all ninety nine counties in the state,
• 9:50
  Speaker 9: crisscrossing visiting so many different voters. He set up an
• 9:56
  Speaker 9: extensive ground operation. He brought in allies from Florida by
• 10:00
  Speaker 9: the bus load and planeload to go door to door
• 10:04
  Speaker 9: days before the caucuses in freezing cold temperature. So it
• 10:08
  Speaker 9: showed some motivation and actually had some effect. Now for
• 10:11
  Speaker 9: Nikki Haley, look, the last thing she needed heading into
• 10:15
  Speaker 9: New Hampshire, where she has bet big as a stepping
• 10:18
  Speaker 9: stone to her home state of South Carolina. The last
• 10:21
  Speaker 9: thing she needed was a third place finish. She had
• 10:24
  Speaker 9: hoped to do well enough to Iowa to really use
• 10:26
  Speaker 9: it as a launching pad into New Hampshire and then
• 10:29
  Speaker 9: South Carolina. But it didn't work out exactly as she
• 10:33
  Speaker 9: had hoped. And that last poll I just mentioned, taken
• 10:36
  Speaker 9: days before the vote, had actually shown her finishing ahead
• 10:40
  Speaker 9: of DeSanto's.
• 10:40
  Speaker 2: Here and they field already narrowing after this caucus. Vivia
• 10:45
  Speaker 2: Gramaswami dropping out of the race. What went wrong for
• 10:48
  Speaker 2: his campaign?
• 10:50
  Speaker 9: Well, you know, Vivek Ramaswami never really caught fire with
• 10:54
  Speaker 9: more than just the segment that he really appealed to
• 10:57
  Speaker 9: the very independent mind in even more libertarian voters, and
• 11:04
  Speaker 9: in places like Iowa and South Carolina, it was hard
• 11:08
  Speaker 9: for him to fit in. His message just didn't take hold,
• 11:12
  Speaker 9: and he in essence sort of acknowledged that during his speech.
• 11:18
  Speaker 9: He said in the campaign, his speech tonight and drussing Trump,
• 11:22
  Speaker 9: he said, in tonight's race, there are two America First candidates.
• 11:26
  Speaker 9: Now there's only one with me leaving, and that of
• 11:29
  Speaker 9: course is pointing to Donald Trump. So he was signaling
• 11:31
  Speaker 9: that many of the positions that he was espousing were
• 11:35
  Speaker 9: already ones that were reflected by Trump, and he has
• 11:38
  Speaker 9: now thrown his support for the former president.
• 11:41
  Speaker 1: Okay, just lastly and briefly then, the key things to
• 11:45
  Speaker 1: watch out for next as we move towards the New
• 11:48
  Speaker 1: Hampshire primary that takes place next week, Well, this.
• 11:52
  Speaker 9: Is really crucial for the DeSantis campaign to make the
• 11:55
  Speaker 9: most of New Hampshire, where they haven't invested nearly as
• 11:58
  Speaker 9: much time as Haley has. She is the endorsement of
• 12:02
  Speaker 9: the governor there, who's been campaigning very aggressively in the
• 12:06
  Speaker 9: Granite state for her. She also enters that state Desantus
• 12:11
  Speaker 9: does too, facing a very different electorate. It's not nearly
• 12:15
  Speaker 9: as conservative as Iowa, so we could see a different
• 12:18
  Speaker 9: result that could pivot and actually leave Nikki Haley ahead
• 12:23
  Speaker 9: of Ron DeSantis, but behind Trump, but we'll have to
• 12:26
  Speaker 9: see there. Trump is seeking to turn his absolute majority
• 12:30
  Speaker 9: win tonight into something that will allow him to pivot
• 12:34
  Speaker 9: sooner to this general election matchup with Joe Biden in November.
• 12:40
  Speaker 2: This is Bloomberg Daybreak Europe, your morning brief on the
• 12:42
  Speaker 2: stories making news from London to Wall Street and beyond.
• 12:46
  Speaker 1: Look for us on your podcast feed every morning on Apple, Spotify,
• 12:50
  Speaker 1: and anywhere else you get your podcasts.
• 12:52
  Speaker 2: You can also listen live each morning on London Dab Radio,
• 12:55
  Speaker 2: the Bloomberg Business app, and Bloomberg dot Com.
• 12:58
  Speaker 1: Our flagship New York station is also available on your
• 13:00
  Speaker 1: Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty.
• 13:05
  Speaker 2: I'm Caroline Hepka and I'm Stephen Carol. Join us again
• 13:08
  Speaker 2: tomorrow morning for all the news you need to start
• 13:11
  Speaker 2: your day right here on Bloomberg Daybreak Europe