Bloomberg Daybreak: US Edition

Episodios disponibles

5 de 1523

Democrats Sweep on Election Night; Supreme Court to Hear Tariff Arguments
On today's podcast:1) Democrats swept the three major local elections in the US on Tuesday by wider-than-expected margins, giving the beleaguered party a much-needed boost 10 months into President Donald Trump’s second term. In New York, voters elected 34-year-old Zohran Mamdani, a democratic socialist, as mayor after he deployed a social media-savvy campaign and joined up with two progressive icons, Vermont Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez. Mamdani — who will be New York’s first Muslim and South Asian mayor when he takes office Jan. 1 — campaigned on making the global business hub more affordable by using higher taxes on the wealthy to pay for free buses and city-run grocery stores, overcoming many voters’ concerns about his pro-Palestinian views.2) Abigail Spanberger, a 46-year-old former CIA officer who left the House of Representatives after three terms in January, will be the first female governor in Virginia, a state that’s front-and-center in the battle over the government shutdown and efforts to trim the federal workforce. Likewise in New Jersey, Representative Mikie Sherrill, a former Navy helicopter pilot, won a race in which pocketbook concerns about utility bills, health care and schools were more central than culture war issues or government giveaways. About 6 in 10 voters in Virginia and New Jersey described themselves as “angry” or “dissatisfied” with the current state of the country, according to an exit poll conducted by the Associated Press, compared to just one-third who said they were “enthusiastic” or “satisfied.” Meanwhile, California voters passed a ballot measure that could flip as many as five congressional seats to Democrats from Republicans, handing Governor Gavin Newsom a major political victory in his fight against President Trump.3) The fate of the majority of President Trump’s tariffs is in the hands of the US Supreme Court after lower courts ruled that they were issued illegally under an emergency law. The tariffs have remained in place to allow the Trump administration to appeal to the highest court, which is scheduled to hear arguments today. The Supreme Court case doesn’t touch upon the duties imposed on certain product categories using different legal foundations. For example, the Trump administration has put in place levies on steel, aluminum, automobiles, copper products and lumber by harnessing Section 232 of the 1962 Trade Expansion Act. Those tariffs depend on Commerce Department investigations that concluded that imports of such products pose a national security risk.See omnystudio.com/listener for privacy information.
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25:19
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25:19
Instant Reaction: Mamdani's Historic NYC Win Headlines Democratic Election Sweep
Democrats swept the three major local elections in the US on Tuesday by wider-than-expected margins, giving the beleaguered party a much-needed boost 10 months into President Donald Trump’s second term.From New York’s City Hall to Virginia, where Democrats picked up a gubernatorial seat, and out to California, the victories will bolster morale in a party that’s been reeling after failing to win the White House, Senate and House of Representatives just a year ago. In New York, voters elected 34-year-old Zohran Mamdani, a democratic socialist, as mayor after he deployed a social media-savvy campaign and joined up with two progressive icons, Vermont Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez. For reaction and analysis, host Doug Krizner speaks with: - Jeanne Sheehan-Zaino, Democracy Visiting Fellow at Harvard Kennedy School's Ash Center and Bloomberg Politics Contributor - Greg Giroux, Bloomberg Government senior reporterSee omnystudio.com/listener for privacy information.
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25:10
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25:10
NYC, NJ and VA in Focus on Election Day; Shutdown Pressure Builds
On today's podcast:1) Zohran Mamdani’s lead heading into the New York City mayoral election has withstood a furious push from Republicans, establishment Democrats and a coalition of Wall Street dealmakers. Aspects of Mamdani’s campaign that some thought would doom his candidacy — his vociferous criticism of Israel’s actions in Gaza, his past calls to defund the police and his refusal to flee from the political label of socialist — haven’t turned off a plurality of New York voters, despite a torrent of campaign spending from some of the city’s wealthiest residents. Instead, the 34-year-old assemblyman’s campaign — with its focus on core economic concerns combined with an online charm offensive and occasional searing barb at his critics — is working well enough that some political observers see a model for future Democratic candidates and races. Nationally, Tuesday’s results could provide a muddled message for Democrats. 2) Governors’ races in Virginia and New Jersey and California’s redistricting ballot measure are among the elections on ballots Tuesday, providing a barometer of voter sentiment ahead of the 2026 midterm elections. While Mamdani’s progressive campaign has given him a lead in New York, the candidates leading the polls in governor’s races in New Jersey and Virginia — Representative Mikie Sherrill and former Representative Abigail Spanberger, respectively — come from the more centrist range of the Democratic spectrum. The race in New Jersey has tightened in the past few weeks between Democratic Representative Mikie Sherrill and Republican Jack Ciattarelli, as voters express dismay over high electricity bills and general affordability issues under the state’s current Democratic governor. Republicans would love to eke out a victory there — even as polls narrowly favor Sherrill — after President Donald Trump endorsed Ciattarelli and called him “100% (PLUS!)” on the MAGA agenda.In Virginia, Democratic Representative Abigail Spanberger looks likely to prevail over the Republican Lieutenant Governor Winsome Earle-Sears. The huge number of federal workers in Northern Virginia, frustrated by the government shutdown and the DOGE cuts, gave Spanberger a built-in constituency. And she’s made sure to talk about issues key to local voters — inflation, schools, health care — rather than solely going with an anti-Trump message. If Democrats lose one of these races, expect even more hand-wringing over the party’s tarnished national brand and its inability to capitalize on Trump’s unpopularity.3) As the government shutdown enters its 34th day, lawmakers face mounting pressure to reach a resolution. Major US airports are facing staffing shortages leading to ground delays, the distribution of food assistance is up in the air, and more federal workers are missing paychecks as the shutdown is on track to become the longest in history. Senators are increasingly optimistic about finding a path to reopen the government, but any resolution will likely have to wait until after tomorrow’s off-year elections, which could sway either side to move depending on the results.See omnystudio.com/listener for privacy information.
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16:42
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16:42
Trump Talks Taiwan, Shutdown on 60 Minutes; Supreme Court to Hear Tariff Case
On today's podcast:1) President Trump sat down with CBS' 60 Minutes - as heard on Bloomberg Radio - for a long-ranging discussion on the government shutdown, tariffs, and border security. Trump says immigration raids “haven’t gone far enough” despite videos showing physical confrontations among federal agents, immigrants and protesters. Trump also said that he could use the Insurrection Act to use professional military, instead of the National Guard, to US cities “if I wanted to.” The president’s comments come after his administration expanded a federal program that deputizes local police to enforce immigration laws, signing up nearly 16,000 officers across 40 states as part of an effort to boost deportations, according to data reviewed by Bloomberg News. 2) President Trump said he would skip attending the Supreme Court hearing this week over the legality of his worldwide tariffs regime. The court is scheduled on Wednesday to hear Trump’s appeal of a lower court’s ruling that many of his “Liberation Day” tariffs exceeded the president’s emergency power to regulate imports. Trump had said he felt an “obligation” to watch in person as the Supreme Court weighed his power to impose tariffs. If he had attended, he would have been the first sitting president in US history to attend oral arguments at the high court.3) The summit between Chinese President Xi Jinping and President Trump was a breakthrough in bilateral relationship where the Asian giant was treated as an “equal partner” of the US, according to David Daokui Li, a regular policy adviser to Beijing. Speaking to Bloomberg TV on Monday, Li described a sense of enthusiasm among his peers in Beijing following the leaders’ meeting in South Korea last week. The exchange led to a one-year trade truce, although it didn’t address core differences between the world’s two largest economies.See omnystudio.com/listener for privacy information.
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21:28
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21:28
Earnings Season Rolls On, Bank of England Rate Decision, Chinese Economic Data
Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week In the US – a look at how earnings are impacting global markets In the UK – we preview the Bank of England rate decision In Asia – looking ahead to the RBA Decision and Chinese economic data See omnystudio.com/listener for privacy information.
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38:15
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38:15