Episode summary
Winter Storm Pummels East Coast; Tariff Defeat Tests Trade Deals | Bloomberg Daybreak: US Edition
Bloomberg Daybreak: US Edition
· · 22 min
Summary
A major winter storm hammered the Northeast, with heavy snow, strong winds and widespread travel disruption from New Jersey through New York and into Boston. The host and Bloomberg meteorologist Craig Allen said New York City could still see another 5 to 10 inches, while Boston faced blizzard-like conditions into the night. Officials closed highways, bridges and schools, and transit systems across the tri-state area cut back service or shut down entirely. Airlines grounded more than 5,500 flights and delayed nearly 7,000 as the storm intensified.
The other major focus was the Trump administration’s response to the Supreme Court’s tariff ruling. Treasury Secretary Scott Bessent said the policy would continue under section 122, while U.S. Trade Representative Jamieson Greer argued existing trade deals remain in place despite the court defeat. Bloomberg’s global trade editor Brendan Murray said the administration is shifting to “plan B” and that countries are now pressing for clarity on what the new tariff regime means.
The episode also touched on markets and geopolitics. The host noted that Asian markets initially reacted positively to the ruling, while the dollar weakened and U.S. stock futures were lower. The show also flagged upcoming U.S.-Iran nuclear talks in Geneva and a warning that new tensions could destabilize the region.
Key takeaways
- Craig Allen said New York City and Boston could stay in the storm’s worst conditions through much of the day, with another 5 to 10 inches possible around New York.
- The host said more than 5,500 flights were grounded and nearly 7,000 delayed as airlines issued waivers and New York airports saw near-total cancellations.
- Treasury Secretary Scott Bessent said the administration would keep tariffs in place for 150 days under section 122 while it seeks more durable authority.
- Bloomberg’s Brendan Murray said the Supreme Court ruling creates uncertainty for trade partners and forces the administration onto “plan B.”
- The host said the EU is reassessing its deal with the U.S. and that India is delaying talks, showing the ruling’s global spillover.
Notable quotes
“New York City getting hit pretty hard right now. The last official reading out of New York City was about 10 1/2 in”
“Highways, bridges, and streets into New York City were closed last night. Schools are shut this morning”
“The massive storm is already grounded. More than 5,500 flights this morning and delayed nearly 7,000”
“The president, the administration remains undeterred in reshoring American factories and getting rid of these massive trade imbalances”
“the message from the administration is same policy, different tools”
How the episode opens
Bloomberg Audio Studios, podcasts, radio, news. — Good morning. I'm Nathan Hager. — And I'm Karen Moscow. Here are the stories we're following today. — Well, Karen, we'll have more on the markets in a minute, but we want to bring you first the very latest on the powerful winter storm pounding the Northeast. Let's check in with Bloomberg meteorologist Craig Allen. Craig, how bad is it,
Nathan? It is so so heavy right now. The snow is falling very heavily across New Jersey from Philadelphia on up towards New York.
New York City getting hit pretty hard right now. The last official reading out of New York City was about 10 1/2 in. It is snowing heavily right now in Boston too.
So it finally reached Boston later but later during the nighttime hours. amounts in Massachusetts and Connecticut and so forth are generally in the 4 to 8 in range and climbing rapidly. Long Island and coastal sections of New Jersey are the areas that are getting it the worst over a foot foot and a half another half foot or more is expected and the winds are gusting over 50 mph.
In fact, I can say that I'm on generator right now talking to you at this moment as well. We've we lost power earlier this morning.
Oh my goodness. So, when are we expecting all this to end, Craig? — Not till the end of the afternoon. You know, I I I don't think that uh we're going to see a complete ending here until somewhere between 3 and 6 for for New York City as well as Boston. Let me mention that DC did not get hit nearly as hard. There's a slushy 1 to three locally 2 to four up towards Baltimore on the ground there.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- winter storm
- supreme court tariffs
- trade deals
- us iran negotiations
- military buildup
Watch the episode
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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