Nashville Shooting Renews Assault Weapon Debate

department in one major city. Plus North Korea threatens nuclear use at any time as a US aircraft carrier arvives. Michael Barner. More ahead, I'm John Flashed, Aaron Sports, the nixt beat the Rockets, the Islanders beat the Devils, and the latest on the Jets attempt a get Aaron Rodgers. That's all straight ahead on Bloomberg day Break. The business news you need disturn your day in just one fifteen minute podcast, each pointing on Apples, Spotify, The Bloomberg Business

Appen everywhere you get your podcasts. Good morning, I'm Nathan Hagar and I'm Cameron Moscow. Here are the stories we're following today. First, we begin with another mass shooting, this time at an elementary school housed in a church. Police in Nashville say a twenty eight year old woman shot and killed three nine year olds and three adults at the Covenant School before police killed her. And now President Biden is renewing his call for an assault weapons ban.

We have to do more just top con violence. It's ripping our communities apart, a soul of this nation, ripping it's a very soul of the nation. But President Biden's words are already getting a cold reception from Republicans, including Tennessee Congressman Tim Burchett. The common thread is you've got somebody who's mentally ill and evil, just gets a lot evil in their art, and they're going to do something

no matter what. They're gonna do it with a knife, he'll do it with whatever, or a bomb or fertilizer bomb. Republican Tim Burchett of Tennessee. And in the interests of transparency, we should note that Michael Bloomberg, the founder and majority owner of Bloomberg Radio parent company Bloomberg LP, donates to

group that support gun control and Nathan. Another major story that we're following involves the unrest in Israel tensions are now easing after Prime Minister Benjamin Netanyah, who said he'll delay a controversial plan to weaken the judiciary again. More from Bloombery Tel Aviv Bureau chief Ethan Brauner, the precipitating event was on a Sunday night when he fired the

defense minister. And by firing, you of gallant. This is a guy who has been a nable commander, who's spent his whole life in service to the country, and who got on TV on Saturday night and said, listen, we need to take a break from this. This country is split and our enemies are laughing and taking advantage of it, and I, in the name of national security, ask for a break. And then he was fired twenty four hours later.

And I think that most people in this country felt that that was a bad move, and they took to the streets and he ended up having to listen to them and Bloomber's Ethan Brauner and tel Aviv says Natanyah, who is ready to talk with opponents in hopes of reaching a compromise. Well, Karen rolls So. Seeing civil unrest in France in the form of nationwide strikes, French unions are trying to force President Emmanuel McCrone to reverse a decision in acting unpopular pension reforms, and we get more

from Bloomberg's Caroline Conan in Paris. The anger in the streets of Paris is still very much there. It is the tenth day of the general strikes since the middle of January, and the unions are hoping to better today than last Thursday, when you heard about one point one million people in the street. Bloomberg's Caroline Conan in Paris says the backlash is centered on a proposal to raise the minimum retirement age by two years to sixty four. Well back here in the US, Nathan, turmoil in the

banking sector is in the spotlight. On Capitol Hill, the Senate Banking Committee holds the first of several hearings on the collapse of Silicon Valley Bank. Amy Morris has details from our Bloomberg ninety nine one newsroom in Washington. It will be an open hearing with FDIC Chair Martin Gruenberg, Treasury Undersecretary Nellie Lang, and FED Vice Chair Michael Barr. Terry Haynes is the founder of Pangaea Policy, and he tells Bloomberg Daybreak. Markets want clarity and answers, but they're

not going to get those from these hearings. I will say, though, the markets are already starting to see a path here. You know, they see the regionals being relied upon, and they see the means for targeted government support. And he says, don't expect any new bills or regulations to come from these hearings because lawmakers can't even agree on what caused the crisis in Washington. I'm maybe Morris Bloomberg Daybreak, all right, Amy,

thank you. The banking turmoil is adding to the debate on when the Fed should start cutting rates, and we get the latest on that Live with Bloomberg's John Tucker. John and ifan Jeff Gunlock has his finger on the pulse of the economy, he says it's clearly weak. The Double Line Capital founder tells CNBC recession will start in a few months. He sees rate cuts this year. Well, he's not the only one wighing in. Philip Jefferson, one of the FED governors, took a much different line in

a speech yesterday. He said the inflation fight is going to take some time, and they'll mention anywhere there of rate cuts. Adding to the debate the recent banking turmboil it may act as a de facto rate hike. Live in New York, I'm John Tucker, Bloomberg Daybreak. All Right, John, thanks well. In corporate news this morning, the job cuts have a gun at Disney, and we get the latest live at the Bloomberry. Steve Rappaport, Steve, good morning, Good morning,

Karen and Nathan. The purge of seven thousand employees as part of Disney's plan for saving five and a half billion dollars. CEO Bob Eiger, in a memo to employees yesterday, said the first group to go will be notified over the next four days. A second, larger round of cuts will follow next month. Since retaking the rains at Disney, Iger set out to improve the company's financial performance. He also reshaped the structure at Disney's TV and movie businesses,

giving more control to creative leaders in those divisions. Live in New York, I'm Steve Rappiport, Bloomberg Daybreak. Okay, Steve, thanks a. Meta Platforms is making more moves affecting its work force. The Wall Street Journal says the Facebook owner plans to lower some bonus payouts and more frequently assess employee performance. Earlier this month, Meta set it planned to lay off about ten thousand employees and eliminate five thousand open rolls, and was on top of eleven thousand job

cuts at Meta back in November. It's forty three degrees in New York, Chanceford. Isolated early morning shower, otherwise mostly cloudy in a high year fifty today. Partly cloudy tonight with lows in the upper thirties. Coming out to take a look at some of the other news making headlines in New York and around the world with Bloomberg's Michael Bark. Good morning, Michael, Good morning Nathan. The New York grand Jerry weighing possible criminal charges against former President Trump heard

from an important witness. Former publisher of the National Inquirer and a longtime friend of Donald Trump, David Pecker is a key witness in the investigation into the hush money payments Trump mate porn star Stormy Daniels. Surely before the twenty sixteen election, Daniels had attempted to sell her story about having an affair with Trump to The Inquirer instead of buying it Pecker directed her to then Trump lawyer Mike Cohen, who arranged the payoff at the heart of

the case. The police department in Patterson, New Jersey, is getting taken over by the state after several controversies. State Attorney General Matt Platkin says there's a crisis of confidence in Patterson. This is the State of New Jersey coming in to provide the support that this community needs, to provide the resources that this community needs. Earlier this month, anti violence activist Naji Seabrooks was fatally shot by Patterson

police during a mental health crisis. North Korean leader Kim John Un has called for his nuclear scientists to increase production of weapons grade material to make bombs to put on his increasing range of weapons. North Korea's weapons test and US South Korea military exercises have intensified in a tit for tat cycle. Russia's Defense ministry says Moscow successfully test fired missiles in the Sea of Japan. The ministry set today that two boats launched a simulated missile attack

on a mock enemy warship about six miles away. The Mosket Cruise missile is a supersonic anti ship cruise missile that has a conventional and nuclear warhead capacity. The Red Cross says storm recovery in Mississippi is going to take years. More than twenty people were killed and buildings were destroyed, especially in the hard hit town of Rolling Fork. Old Ridge Walker is Rolling Forks mayor and also the funeral director. We got families that are living in with family members

who live outside of town. We got groups who are living in hotels, so they're just staying in place until they can get back home. At least fifteen tornadoes hit across the South since Friday. Global News twenty four hours a day, powered by more than twenty seven hundred journalists an analysts in over one hundred twenty countries. I'm Michael Bard. This is Bloomberg Nathan. Thanks Michael tim Out of the Bloomberg Sports Update. For that, we bring in John Stash Howard, John,

Good morning. Nathan Nixon. Rockets at the Garden Houston, second worst record in the NBA. So the Knicks did not need Jalen Brunson, he sat out with an injured hand. They also didn't need them because they had Emmanuel Quickly, who in thirty minutes scored forty points. Added nine assists Knicks over the Rockets one thirty seven, one fifteen. They'll host Miami tomorrow at the UBS Arena. Islanders got a pair of goals from the former Devil Kyle Palmary, beat

New Jersey five to one. The Rangers sit between the two teams, but with six wins the last seven games, the Rangers have moved within four points to the Devils. As the Rangers played Columbus tonight at the Guarden, NCUBA women's tourney has gone much more according to form than the men. Top seed South Carolina and Virginia Tech both won. They'll join LSU and IOA the final fourth. South Carolina is thirty six, and oh Texas named Rodney Terry men's coach.

He had been the interim coach. Yankees' final exhibition game is today. Mets have already wrapped up their great fruitlely they're staying in Florida to open the season Thursday in Miami. NFL owners are meeting in Arizona's A. Giants owner John Marra, having locked up Daniel Jones long term, was asked about sae Quon Barkley, and Mara said he wants Barkley to be a Giant his entire career. As things stand now,

he's playing on the franchise Tack Jets GM. Joe Douglas asked where things stand with the Jets acquiring Aaron Rodgers from Green Bay. There's been some some productive conversations, and you know, obviously we're now where we need to be yet, and but I feel like we're in a good place. Douglas added. There's not a ton of urgency as there's no hard deadline of Jets coach Robert Sali said he's confident Rogers will end up a jet did he dash down?

Bloomberg Sports Live from coast to coast, from New York to San Francisco, Boston to Washington, d C. Nationwide on Sirius XAM, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. Yet another mass shooting in this country is leading to yet more calls for action from the White House. The latest scene of tragedy as a private Christian school in Nashville, Tennessee. President Biden says it is the latest sign of the

danger from easy access to guns. A shooter in this situation reporter, we had two assault weapons in a pistol to a Katy seven. So I call on Congress again to pass my assault weapons ban. It's about time that we began to make some more progress. When that was President Biden at the White House yesterday following the shooting at the Covenants School in Nashville. This morning, we're joined live by Greg Valier, chief US policy strategist at AGF Investments. Greg,

good morning. You can almost hear the resignation in President Biden's voices. He makes that call once again for action on assault weapons. Where does the debate stand in Washington when it comes to gun policy in this country? Well, I wish I could tell you, Nathan that things are looking more upbeat to get some serious gun legislation, but they're not. I don't see happening. I think the House is, as you know, more conservative with Kevin McCarthy as the speaker.

I don't see the House agreeing to anything on gun. So once again, a horrible incident in a lot of hot air, but no real action. I know we've seen mass shootings at elementary schools before, obviously the Sandy Hook shooting, and now this time at a religious school. In Nashville, Tennessee. I wonder whether it makes a difference the setting of these types of tragedies where they occur, and whether that could shift the debate in some way. I don't think so.

I mean, there's been you know, the Sandy Hook was New England. We had a horrible massacre in Texas a year or so ago. It seems to be endemic across the country. And I just don't see the votes there. I mean, I'm basically follow economic legislation, and my mantra is always do they have the votes? It applies here as well. They don't have the votes for any meaningful gun control. And it seems like we hear the same lines of debate over and over again. When these types

of things happen. For Democrats, they call for more controls on access to firearms. For Republicans, it seems as though the debate centers around mental health, that sort of thing. Why do you think it is that the positions on this debate have become so entrenched. Well, it's the packs,

the political action committees that influenced so much legislation. It's a fear I think the part of many members of Congress that if they voted for tough gun control, they would lose their next election, and sadly they would rather win their next election than do anything. We did have the Bipartisan Safer Communities Act past last year. President Biden has signed executive orders since then as well. I mean, is that as far as it goes at this point?

Greg Oh, I think so. It's a miracle we got that. That was a tough fight, but getting anything more aggressive right now, to me is quite unlikely. Well, what do you think would have to change to move the debate one way or the other? I mean, is there any glimmer of light that could come forth from this? Not that I can see. I mean, I suppose if there's a real upsurge in gun violence that could even more than we have now, that that could maybe sways some voters.

But I don't barring that, I don't think that the voters in Congress are persuadable. Now we are waiting for a President Biden to kick off something of a campaign later today focused on his economic accomplishments. He's heading down

to North Carolina later on today. I wonder whether this latest incident is going to overshadow this plan that the President and his cabinet have over the next few weeks to sort of blitz the country touting their economic accomplishments ahead of what we're expecting to be a reelection announcement from the President. Great. Yeah, I think Nathan, that we're going to see the President go all out in the

next few weeks talking about his economic agenda. But at the same time, there's going to be hearings on Capitol Hill about how the Federal Reserve could be so lax in their regulation and their supervision. So I think the message from Biden will have some positive response, but you know, there's still an awful lot that voters are concerned about, starting with inflation. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to

Washington and beyond. Look for us on your podcast feed at six am Eastern 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 to sixty in San Francisco. Our flagship New York station, is also available on your Amazon Alexa devices.

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