From the Bloomberg Interact at Burgers Studios. This is Bloomberg day Break for Tuesday, April fourth. Coming up today, Donald Trump is arraigned in Manhattan following his indictment by a New York grand jury. Both the former president and Manhattan District Attorney speak at separate events following the arrangement. The judge in the case bars any broadcasts to the proceedings and credit Sweez holds its first shareholder meeting since the
Ubs takeover. A construction accident at JFK Airport leaves two workers dead, plus new details on the Nashville school shooter. I'm Michael barn More ahead, I'm John Stash Aaron Sports. The Yukon Huskies won the Nclblad Tournament for the fifth time. The Yankees won, the Mets lost. That's all straight Ahead on Bloomberg day Break, The business news you need disturn your day, and just one fifteen minute podcast each pointing on Apples, Spotify, the Bloomberg Business Appen everywhere you get
your podcasts. Good morning, I'm Nathan Hager and I'm Cameron Moscow. Here are the stories we're following today. We begin this morning on a historic day with former President Donald Trump said to be a rain in Manhattan. Let's get the latest live with Bloomberg's John Tucker. John Nathan, the forty fifth President flew to New York from Florida yesterday and proceeded by motorcade to Trump Tower on Fifth Avenue, where
he's spending the night. From there, he's going to travel to Criminal Court in Lower Manhattan this morning and stand before New York State Supreme Court Justice one merchant to be arraigned and booked on charges related to hush money payments. At the White House, President Biden was asked if he was concerned about possible protests getting out of hand nor her faith to New York. There is a massive police
presence in the city this morning. The New York Young Republican Club is promoting what it calls a peaceful rally for Trump across from the Court House. It's supposed to feature Congresswoman Marjorie Taylor Green. Meantime, Trump has added another attorney to his team, former federal Prosecutor Todd blanche the DA. Alvin Bragg will have a press conference after the arraiment, and Donald Trump is expended to make remarks from Maral logo. Tonight,
Live in New York, I'm John Tucker, Bloomberg Daybreak. All right, John, Thanks Well, don't expect to see any of the actual legal proceedings today. Much of it will happen behind closed doors, and we get the details from Bloomberg. Steve Rappaport, Steve Karen Nathan. Today's arraignment is a test of precedence and patience, as the judge denied a request from news organizations to broadcast the former president's appearance. Forget about reporters tweeting in
real time. Judge Juan Merchant also barred all electronic devices. Members of the press and public will have access to an overflow room to watch through closed circuit TV. Anyone not on site. We'll get a glimpse of Trump in the hallway or in the courtroom before the hearing gets underway. Those are the only moments that news photographers will be allowed to snap today, Live in New York. I'm Steve Rappaport, Bloomberg Daybreak. Thank you, Stevell. The more legal pressure former
President Trump faces, the stronger he gets. That's according to Trump's former acting White House Chief of Staff, Mick Mulvaney. The reason he says, is because it keeps the spotlight on him and off his opponents. If everybody's talking about the same thing, how do you get separation from the rest of the pack? Question becomes what makes you different? What makes you better? Why should I vote for you
instead of Donald Trump? If I think the world is going in the wrong direction, why are you more likely to move it back to Donald Trump? That's what they have to answer. Mcmulvaney spoke with our Washington correspondent Joe Matthew on Bloomberg's Sound on. You can catch the show weekdays at one pm Eastern on Bloomberg Radio or listen on demand wherever you get your podcasts. Well, we turn to the markets now, Nathan, and oil is rising again.
It's building on yesterday's six percent rally. Right now, NIMEX Screwed oil is up four tenths of up percent. It's at eighty dollars seventy three cents A barrel brand is up a quarter percent at eighty five dollars fifteen cents. And the game comes as President Biden downplays the announced production cut from OPEC, but the move puts administration officials in a tricky position and Bloomberg's Amy Morris has details
from our ninety nine one newsroom in Washington. Administration officials are trying to find a balance between denouncing the move and not souring relations with Saudi Arabia. National Security Council spokesman John Kirby says they were warned the cut was coming, but they don't know what prompted it. I can't even begin to speculate why this decision was made. We don't know. We've been consistent in our plans to refill the Strategic
Petroleum Reserve. Kirby pointed out crude oil prices have fallen significantly, and he says the decision was made by the entirety of the OPEC plus cartel, suggesting the US did not hold the Saudis solely responsible. In Washington, I'm Amy Morris, Bloomberg Daybreak, Thanks Amy. High oil prices are leading to concerns about hotter inflation. Still, Federal Reserve Governor Lisa Cook
says price pressure is starting to ease. At the same time, she warns the fight against inflation remains front and center thanks to a tight labor market, the war in Ukraine and the reopening of China saying wage games moderating quite a bit, so that I think is a hopeful side. But the disinflationary processes and I think it's it's it's
in process, it's in train. We're not there yet. FED Governor Lisa Cook says the Central Bank remains focused solely on fighting inflation because the job market seems to be doing all right well in Europe today, Nathan credit swieholds a shareholder meeting. It's the first and last opportunity for them to speak directly to the board after a government orchestrated rescue of the bank. And Bloomberg's Maryon Halfdemeyers and
Zurich covering the meeting for US. This is the first time in three years that shareholders will actually be able to be face to face with their board of directors because in the last couple of years, the pandemic has has made these agms virtual. So this will be, you know, an opportunity for shareholders to event about the last three years of scandals and mismanagement at this bank um and you know, the last time that they will be able to do so. Once this, you know, this bank marks
with CBS and Bloomberg's Maryon Holftelmeyer says. Credit Swiss chairman Axe Lehman has our Axel Lehman has apologized to shareholders for failing to stem the crisis. Back here in the US, Karen job cuts are coming to the largest private sector employer, Walmart, is eliminating more than two thousand positions at five e commerce fulfillment centers. A spokesman says Walmart is also growing in some areas as it adjusts its stores and fulfillment
centers to handle more online orders. That may allow the company to reshuffle some workers to other jobs rather than cut them. It's forty nine degrees in New York. It'll be partly sunny today, getting into the upper sixties. Chance for a few showers this evening on our way down to the low fifties. Time now to take a look at some of the other stories making news in New York and around the world. Good morning, Michael Barr, Good morning Nathan. A horrible accident at JFK Airport has left
two construction workers dead. It happened during a trench collapse yesterday. Rescue crews tried to save the workers from the rubble, but they were both pronounced dead on the scene. The accident happened near Terminals five and seven. New details in the last week school shooting in Nashville. Police say the attack on Covenant School was planned for months. Authorities also say the shooter, twenty eight year old Audrey Hale, unleashed more than one hundred and fifty bullets before being taken
down by officers gunfire. Three children and three adults were killed. Meanwhile, Republicans and Tennessee have taken the first steps to remove three Democratic lawmakers, citing their involvement in gun control rallies at the state capitol. The Tennessee House will vote Thursday whether to expel Gloria Johnson, Justin Jones, and Justin Pearson.
Congressman Pearson defended himself on the House floor. If this House decides to expel me for exercising our First Amendment right to help elevate the voices in our community who want to see us act to prevent gun violence, then they can do as they feel they must. But I and we must always stand up for what we believe to be right and just. This comes as students and teachers across the Nashville area walked out of class and
marched on the Tennessee State Capitol demanding stricter gun. The NYPD says two of the three suspects wanted in the drugging depths of two men after they left clubs in Manhattan have surrendered to detectives. Robert Demo turned himself into police. Jacob Barroso was arrested on Saturday. Chicago voters are choosing a new mayor to lead the heavily democratic city. Today's runoff pits former Chicago School CEO Paul Vallis against progressive
Brandon Johnson. NASA revealed which astronauts are going to the Moon in their latest project, and includes Commander Reed Weissman, pilot Victor Glover, Canadian astronaut Jeremy Hanson, and mission specialist Christina Cook becoming the first woman to travel into the Moon. We recognize how important it is that every single person who has a contribution to make is going to be able to make that contribution, and our missions will be more successful as a result. The Artemists two Crew is
expected to launch in November of twenty twenty four. Global News twenty four hours a day, powered by more than twenty seven hundred journalists and analysts, and over one hundred and twenty countries. Michael Mayer, this is Bloomberg, Nathan. Thank you, Michael. Time now for our Bloomberg Sports update. For that, we're bringing John's stash our all right, Nathan. Amazing what the Yukon Huskies have done over the last less than thirty years.
Eleven national championships in women's basketball and now five more by the men. They've won with three different coaches. Jim Calhoun won three titles, Kevin Ollie won nine years ago, and then Houston another NCAA tournament. Wrapped up by the Huskies. They meet San Diego State in the final, seventy six to fifty nine. Their coach now is Dan Hurley. So it feels great to come through on promises made by me to all the great people in Connecticut and then
with these guys. This was our vision, this was our dream. This is what we talked about when we recruited these guys, that we could get together and do something big like this, And it's just great to come through on promises made to players and to this universe. Earlier, the son of a hall of fame high school coaching legend in New Jersey,
Yukon had some down years. Came into this season having not won a single NCWA Tourney games since twenty sixteen, and this year they won six tourney games, and they won them by an average of twenty points. Yankees third one of the season. They've only allowed one run. Of those three wins at the Stadium eight to one over the still winless Phillies. Nestor Cortez got to win home runs by Claver Torres and Anthony Rizzo. Mets lost in Milwaukee ten to nothing Brewers with a seven run fifth
inning included a Bryce Terrangue grand slam. Carlos Carrasto gave up five runs and then Tommy Hunter served up five more. Carrasto got called for a pitchclock violation before his first pitch of the day. Anthony Randona the Angels suspended four games by MLBA. Video caught him making physical contact with a fan in Oakland. Nets and Devils have home games tonight.
John stash Award Bloomberg Sports Live from coast to coast, from New York to San Francisco, Boston to Washington, d C. Nationwide on Sirius XM, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Day Break. Good morning, I'm Nathan Hager. Will be another historic day in the unprecedented presidency and post presidency of Donald Trump. In just a few hours, he will arrive at a courthouse in Lower Manhattan to enter a not guilty plead to the first
ever criminal charges against a former president. Ahead of that, we're joined live by Bloomberg's Pretty Guta. She's outside the courthouse for us this morning. Go ahead and set the scene for us, pretty What are we expecting later today? Well, I'm standing right outside the District Attorney's office in the courthouse in southern Manhattan or downtown Manhattan. For our global audience, this is basically right on the cost of Wall Street.
What you're seeing here is a very escalated media president. You're seeing a lot of barricade, and you're forcing a lot of press presidents as well. Essentially, the New York community is bracing for some sort of widescale impact protest rallies in preparation for President Trump's or former President Trump's arraignment right out here where I'm standing from the courthouse. And what kind of commotion could we expect. We'd heard some reports that there might be some kind of demonstration
involving or what the New York Young Republicans, what's that about. Well, there are a lot of different groups here on both sides of this issue. Remember, I think for a global audience, it is important to remember he is still a former content is still not only a former president, but a
contender for the twenty twenty four presidential election. You are going to see both protests and rallies supporting and trying to push him out as well really talking about what the charges actually are when it comes to what he's
really responsible for. A look, people are holding him accountable for things like a role in the Capital Insurrection, either one of the potential charges he will be charged with today in the arraignment, things like what his role wasn't overturning the Georgia election count in twenty twenty in addition, of course, to the alleged hush money payments of one hundred and thirty thousand former adult film star Stormy Daniels,
among others. So there's a lot to digest here, and of course, like I said, you are really preparing not just for that group that you mentioned, but for a lot of different groups to show up here. But perhaps show up more near his home in Trump's Hower, closer to Central Park, and that's really where we're going to see. They already have seen a lot of the actions now in terms of the case that's coming forward today, this is related to the hush money payments to Stormy Daniels
during the twenty sixteen campaign. But as far as that goes, we've heard a number of reports that there could be multiple counts against the former president, but at this point we don't really know exactly what they are, right, No, we don't. We're looking for anywhere as it's twenty four to thirty different charges. Now, the assumption here is Alan Bragg is going to pursue the one hundred and thirty
thousand hush money payments that you just reference. But the takeaway here is that don't seem to be the game changer for Alvin Bragg, and really all comes down to his star witness, Michael Cohen, who used to be an employee of President Trump and his kind of a fixture
essentially who allegedly made the payments for President Trump. But he's the one who kind of turns code here and said, look, I'm happy to be your star witness, and that seems to be the game changer, which is why the assumption here is that's the account that Alvin Bragg Is pointed
leader the Tener point there are a lot of other charges. Remember, you are also dealing with the New York Attorney General Latitia James looking at the same time into President Trump and his family members about manipulating company asset values as well. So there's a lot to digest here in terms of what actually shows up in the chargets today, in terms of what we could see at the courtroom later this afternoon.
The cameras aren't going to be allowed into the courtroom, so it could be quite a while before we know exactly what the president is charged with in this case, isn't it Yes, that's absolutely true. That looks like the judge last night made a decision there will be no live broadcasting of the arrayment, potentially no live broadcasting of the trial itself, but they will, however, allow photographs before
the arrayment is to start. So you're one hundred percent right that we may actually not know what the counsel, what's the charges actually are for days, weeks, even months as the trial of kick Stock and ahead of this, we know that the former president has added to his legal defense team. He's gotten even more lawyers behind him. What does that tell you about how this could go?
We got about a minute left. Yeah, we run about a quick change to the legal team, and I think what's really the takeaway from that, It's going to be how the Trump defense team is actually approaching this court case. Look over the weekend, who was his lead counsel, Joe Takakina, did actually come out and say, Look, we are not trying to make this theater We're not trying to make the showmanship at all. We're not going to even file
to dismiss. We are going to plead not guilty. And that is a big, big sign because looks of residing judge is one merchant who President Trump has very vocally said one merchant hates me. So the initial reaction was that, well, maybe he would try to get the judge removed. Those efforts haven't happened yet, So there is a very very large effort to keep this under wrap. This is Bloomberg Daybreak Today, your morning brief on the story's making news
from Wall Street to Washington and beyond. Look for us on your podcast feed. At six am Stern each morning on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street Time on Bloomberg eleven three zero in New York, Bloomberg ninety nine one in Washington, Bloomberg one oh six one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available
on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus listen coast to coast on the Bloomberg Business app, serious XM Channel one nineteen, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak