Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg
Speaker 1: Daybreak from Monday, October thirty two. Coming up this hour,
Speaker 1: hundred enters the last trading day of October, up almost
Speaker 1: nine percent for the month. Investors await this week's set
Speaker 1: decision and jobs reports Barklay's trading revenue jobs estimates. We'll
Speaker 1: speak with the bank's CEO. And in Brazil, Luisa Nacio
Speaker 1: Lula da Silva wins the presidential election. The man accused
Speaker 1: of attacking the husband of House Speaker Pelosi will be
Speaker 1: charged today. Blest, South Bria mourns after a crowd crush
Speaker 1: kills more than a hundred fifty people at Michael blarn
Speaker 1: more than head John Stash Howard sports the Jets and
Speaker 1: Giants four game win streaks, both game to an end.
Speaker 1: The Knicks lost, the Rangers and Devils both won. That's
Speaker 1: all straight Ahead on Bloomberg Daybreak on Bloomberg eleven, Freeo,
Speaker 1: New York, Bloomberg one, Washington, d C, Bloomberg one oh
Speaker 1: six one, Boston, Bloomberg nine sixty, San Francisco, Syrius x
Speaker 1: M one nineteen, and around the world on Bloomberg Radio
Speaker 1: dot Com. And via the Bloombird Business Act. Good Monday morning.
Speaker 1: I'm Amy Morris, I'm Nathan Hagar. Futures are moving lower
Speaker 1: this morning. We're coming up to six o one on
Speaker 1: Wall Street. We checked the market's every fifteen minutes during
Speaker 1: the trading day. On bloomberg SMP futures are down twenty points.
Speaker 1: Staff futures down a hundred forty, Nastack futures are lower
Speaker 1: by eighty one points. The tenure Treasury is down thirteen
Speaker 1: thirty seconds now, the yield four point zero six percent
Speaker 1: yield on the two year four point four nine percent.
Speaker 1: NIMEX screwed is down one point one percent or ninety
Speaker 1: five cents at eighty six ninety five of barrel comes
Speaker 1: gold down two tenths per cent or three dollars thirty
Speaker 1: cents at sixty one fifty announced and the euro right now,
Speaker 1: Amy is trading at point zero against the dollar. Nathan
Speaker 1: stocks entered the last day of the trading month and
Speaker 1: rally mode D S and P five hundred, gaining almost
Speaker 1: nine percent. In October, the dal Jones industrial average has
Speaker 1: surged to more than fourteen percent. Michael Sheldon, its chief
Speaker 1: investment officer, at high Tower r D Infinite Group. The
Speaker 1: Dow is the first of the major industries to move
Speaker 1: back above their key two day moving averages, so that's
Speaker 1: something a lot of investors watched, separating a longer term
Speaker 1: rally versus a short term rally. None of the other
Speaker 1: major markets have done that, but that's certainly something to
Speaker 1: to monitor going forward. Tour r D M Financial Group
Speaker 1: Michael Sheldon also notes the S and P five days
Speaker 1: on its longest weekly winning streak since August. Well investors
Speaker 1: have to potential market moving events this week. Game Either
Speaker 1: FED makes an interest rate decision on Wednesday and the
Speaker 1: government issues it's monthly employment report on Friday. Bloomberg's Any
Speaker 1: del Judas reports economisty another jumbo US rate hike seventy
Speaker 1: five basis points to stop red hot inflation. Consumer psychology
Speaker 1: a key to snapping a price breakout, s just the
Speaker 1: FED as its work cut out. Americans see the cost
Speaker 1: of living rising five percent over the next year, based
Speaker 1: on University of Michigan data. Turning to America's labor market,
Speaker 1: economists anticipate in October payroll game but not as robust
Speaker 1: is September. The unemployment rate will probably remain low amid
Speaker 1: historic labor shortages in many industries. Fini Del Judaece, Bloomberg Daybreak,
Speaker 1: Thank you any The end of the FEDS campaign to
Speaker 1: raise interest rates is approaching. That's the word from Mike Wilson,
Speaker 1: who's the Morgan Stanley was a prominent stock market bear
Speaker 1: who correctly predicted this year's slump inequities. Wilson says indicators
Speaker 1: including the inversion of the yield curve between ten year
Speaker 1: and three month treasuries all support a FED pivot sooner
Speaker 1: rather than later. It's also going to be another busy
Speaker 1: week for earnings amy with more than a third of
Speaker 1: the companies in the SMP five reporting. The story from
Speaker 1: Bloomberg's Charlie Pellett. With more than two hundred sixty S
Speaker 1: and P companies reporting so far, about seventy one have
Speaker 1: delivered positive earning surprises despite some notable technology. Mrs Emily
Speaker 1: Hill is founding partner at Bower Stock Capital Partners. You know, yes,
Speaker 1: some earnings are exceeding this reasonably low bar, but overall
Speaker 1: we have slowing growth and I think what we're going
Speaker 1: to see is more of what we just saw from
Speaker 1: big tech and in the first quarter of next year,
Speaker 1: we're going to see the impact of the strong dollar
Speaker 1: rising interest rates even more than we have now. In
Speaker 1: addition to the healthcare giants, this week we will hear
Speaker 1: from A M D, Airbnb, Conico, Phillips, Starbucks, Uber and
Speaker 1: Young Brands. In New York Charlie Pellott Bloomberg Daybreak, Thank you, Charlie.
Speaker 1: And in Europe, shares of Barclays are one point seven
Speaker 1: percent higher. Trading revenue rose a greater than expected this game,
Speaker 1: driven by fixed income, commodities and currencies. Trading exclude some
Speaker 1: hedging losses tied to its mistakenly issued securities earlier this year.
Speaker 1: In his first TV interview since taking on the top job,
Speaker 1: Chief executive Officer C. S. Van katea Christian, spoke about
Speaker 1: the UK economy with Bloomberg's francy and lakwax. What I'm
Speaker 1: hoping you see is what people will call a soft
Speaker 1: landing and shallow recession, helped by the initial conditions uh
Speaker 1: and and so what you might see an increase in unemployment.
Speaker 1: You might see some credit witness among among customers, but
Speaker 1: it won't be so bad that you see dispressed in society.
Speaker 1: We'll bring you more of our conversation with Chief Executive
Speaker 1: Officers cs Venkate Christian a little later in the program. Well,
Speaker 1: another major story we're following this morning, amy takes place
Speaker 1: in Brazil. It is a dramatic comeback for former president
Speaker 1: Luis and Nacio Lula de Silva, the left wing politician
Speaker 1: has won the presidential election, narrowly defeating incumbent Gyre Bollsonaro.
Speaker 1: Three years ago, Lula was in a jail cell on
Speaker 1: corruption charges. Juan Pablo Spinetto is Bloomberg's managing editor for
Speaker 1: Economy and Government in Latin America. Less than three years ago,
Speaker 1: he was still in jail. So if we talk about
Speaker 1: perspective um, this is probably one of the greatest political
Speaker 1: comeback sides in my life. Lula was president for eight
Speaker 1: years at the beginning of the century. He was one
Speaker 1: of the most popular politicians on Earth. At some point
Speaker 1: when Barack Obama was president, he he and the guy
Speaker 1: right the most important and most popular president. Bloomberg Managing
Speaker 1: editor Juan Pablo Spinetto says Bulsonaro has neither conceded the
Speaker 1: race nor commented on the results. And another political news
Speaker 1: this morning, Chinese Foreign Minister Whang you criticized US export
Speaker 1: curbs in a call with Secretary of State Anthony Blincoln.
Speaker 1: Lang's comments about export controls were an apparent reference to
Speaker 1: Washington's move earlier this month to restrict Chinese access to
Speaker 1: chip making technology. On the economic front, and Asia aim
Speaker 1: each China's factory and services activity contracted in October of
Speaker 1: Bloomberg day Break, Asia anchor Bryan Curtis has more from
Speaker 1: Hong Kong. The downshift suggests that COVID curbs and the
Speaker 1: property CRISTI are taking a toll. The official p m
Speaker 1: I fell to forty nine point two from fifty point
Speaker 1: one in September and below estimates. The non manufacturing pm
Speaker 1: I dropped to forty eight point seven from fifty point
Speaker 1: six and also below estimates. Bloomberg Economics says, as bad
Speaker 1: as these numbers are, they probably understate the true weakness.
Speaker 1: New export orders slumped all the way to forty seven
Speaker 1: point six and non manufacturing employment dropped to forty six
Speaker 1: point one in Hong Kong. Brian Curtis, Bloomberg day Break,
Speaker 1: Brian thanks SMP futures now down twenty points, staff futures
Speaker 1: down a hundred forty night and nastac futures are lowered
Speaker 1: by seventy nine points. Straight ahead your latest local headlines
Speaker 1: in the check of sports. This is Bloomberg Thanky Nathan
Speaker 1: at six oh seven on Wall three. Let's bring in
Speaker 1: Michael Barr to find out what else is going on
Speaker 1: in New York and around the world. Good morning, Michael,
Speaker 1: Good morning Amy. We're learning more information about the attack
Speaker 1: on Paul Pelosi, the husband of how Speaker Nancy Pelosi.
Speaker 1: It is said the suspect allegedly had a bag full
Speaker 1: of zip ties along with a hammer he brought to
Speaker 1: pelosi San Francisco home. The suspect, David D. Pap will
Speaker 1: officially be charged today and arraigned tomorrow. Pelosi is the
Speaker 1: latest in a growing wave of threats and plants against
Speaker 1: elected officials on Face the Nation. Margaret Brennan asked Tom Emmer,
Speaker 1: Congressman and chairman of the National Republican Congressional Committee, about
Speaker 1: a tweet he had posted several days ago of him
Speaker 1: touting the Second Amendment firing a gun with the hashtag
Speaker 1: fire Pelosi. Why is there a gun in a political
Speaker 1: add at all? Well, would pink slip be more fitting
Speaker 1: if it's about firing her exercising our second a meenment
Speaker 1: rights heaven. The Second Amendment has been about the Second Amendment.
Speaker 1: Hashtag Pelosi yes. Emmert said there is no place for
Speaker 1: violence in our society. Face the nation can be heard
Speaker 1: Sundays on Bloomberg Radio. At least a hundred fifty three
Speaker 1: people were killed and dozens injured following a crowd crush
Speaker 1: during Halloween celebrations in Seoul, marking one of the deadliest
Speaker 1: incidents in South Korea in years. Bloomberg so he Kim
Speaker 1: has more from Soul. Most of the victims who are
Speaker 1: young people, those who are in their twenties and women
Speaker 1: who couldn't endure the pressure they got from the card crush.
Speaker 1: Bloomberg so he came from Seoul. President Yusak Joel declared
Speaker 1: a period of national mourning and vowed to carry out
Speaker 1: a thorough investigation. Republican Governor Brian Kemp and Democrats Stacy
Speaker 1: Abrams squared off Sunday night in Georgia's governor race. Governor
Speaker 1: Kemp praise the state's economy thankfully in Georgia because we
Speaker 1: were open even when Miss Abrams didn't want us to be.
Speaker 1: Our economy has been incredibly resilient. We've had two record
Speaker 1: years for economic development. Meanwhile, Abrams during the debate, promised
Speaker 1: voters she will not reduce taxes for the rich. As governor.
Speaker 1: I will not only lower costs. I will put more
Speaker 1: money into the pockets of working Georgians, of middle class Georgians.
Speaker 1: But what I will not do is give tax cuts
Speaker 1: to the wealthy and the powerful. The Abrams Kemp debate
Speaker 1: aired on WSV. Drivers, look out for a little trick
Speaker 1: or treaters in the Tri State area. It's Halloween. Meanwhile,
Speaker 1: for the adults, the annual Halloween Parade returns to Greenwich Village.
Speaker 1: Tonight Global News twenty four hours a day on air
Speaker 1: and on Bloomberg Quicktake, powered by more than hundred journalists
Speaker 1: and analysts more than a hundred twenty countries. How Michael
Speaker 1: bar and this is Bloomberg Gaming. All right, thank you, Michael,
Speaker 1: six or nine on the Wall Street. Time Now for
Speaker 1: the sports reports by Price Staate AUTI here's John dash Our,
Speaker 1: all right, Amy. It was an awfully nice month of
Speaker 1: October for the Jets and Giants. Both were hoping to
Speaker 1: cap it with a fifth win in a row. Both
Speaker 1: saw the winning streaks come to an end. Jets led
Speaker 1: the Patriots at halftime, but the Pats court nineteen points
Speaker 1: in a row, beat the Jets for the thirteenth consecutive time,
Speaker 1: twenty two to seventeen at midlife. Not a good day
Speaker 1: for Zach Wilson. Between a couple of touchdown fasts, he
Speaker 1: threw three interceptions. One was the pass he was just
Speaker 1: trying to throw away. There was a costly Jet penalty
Speaker 1: in the first half, roughing the pastor that wiped out
Speaker 1: an eighty yard pick six the Jets to all the
Speaker 1: five and three the Giants in Seattle. The game was
Speaker 1: tied at seven, then ten, then thirteen. In the fourth
Speaker 1: quarter again on first down pumpt down the cottra who
Speaker 1: want a drive with Cheet Tyler Larkin was not gonna
Speaker 1: let this one get away. Tyro had the call. Tyler
Speaker 1: Locket had dropped the TV pass earlier, also had a
Speaker 1: fumble that led to the Giants only TV. Seattle scored
Speaker 1: again four minutes later. Seahawks won twenty seven to thirteen.
Speaker 1: Richie Jeans was a giant goat. He fumbled punts in
Speaker 1: both halves and both led to Seattle scores. Giants are
Speaker 1: six and two off next week, Nick's got a good
Speaker 1: look at the guy they were trying to acquire in
Speaker 1: the off season. In Cleveland, Donovan Mitchell scored thirty eight points,
Speaker 1: made eight three pointers at twelve assist Calv's rally to
Speaker 1: win one oh eight Rangers on them because advantage had
Speaker 1: power play goals seven minutes left, won three two at Arizona,
Speaker 1: Devil's Route in Columbus seven, and won the World Series.
Speaker 1: Now in Philadelphia Asdos and Phillies one one go into
Speaker 1: the Knight's Game three, John stash that wear Bloomberg Sports Team,
Speaker 1: Thank you. John teaches a lower SMD features down twenty
Speaker 1: del features down one six points. Now that features down
Speaker 1: seventy nine points, ten year treasury down eleven thirty seconds,
Speaker 1: the field four point six percent. That's more still to come.
Speaker 1: On Bloomberg day Break. This is Bloomberg. The Bloomberg Sports
Speaker 1: Report was brought to you by Audie. Don't let someone
Speaker 1: else drive off and the Audi model you've always wanted.
Speaker 1: Visit your local Dry State autie dealer to get behind
Speaker 1: the wheel of yours today, or visit autie offers dot
Speaker 1: com for more information, markets, headlines and breaking news. Twenty
Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg
Speaker 1: Business Out and at Bloomberg Quicktake. This is a Bloomberg
Speaker 1: business lash. I'm Nathan Hagar. Futures are moving lower this morning.
Speaker 1: We have SMP futures down twenty points down, futures down
Speaker 1: a hundred forty nine. NASTAC futures are lower by eighty
Speaker 1: two points. We check the markets every fifteen minutes during
Speaker 1: the trading day on Bloomberg. Send your treasuries down eleven
Speaker 1: thirty seconds. The old four point zero six percent yield
Speaker 1: on the two year four point four eight n I'm
Speaker 1: x scrude is down one point four percent, down a
Speaker 1: buck twenty five at eighty six dollars, sixty four cents
Speaker 1: a barrel. Call x goll down three tenths per center
Speaker 1: for at all the sixty cents at sixteen forty announced.
Speaker 1: The euro point two against the dollar, British pound one
Speaker 1: point seven. The end is a one point four six.
Speaker 1: That's a Bloomberg business flash. Now here's Michael Barr with
Speaker 1: more on what's going on around the world. Michael Pathan,
Speaker 1: thank you very much. Brazilians have delivered a very tight
Speaker 1: victory to Louis Ignatio Lula da Silva in their presidential election.
Speaker 1: He gives the leftist former president another shot at power
Speaker 1: in a rejection of incumbent Jayer Bolson Naro's far right politics.
Speaker 1: In the NFL, the Giants lost, Patriots beat the Jets,
Speaker 1: the Commanders and one. NBA Nicks lost, Celtics beat the Wizards,
Speaker 1: the Warriors lost, Devils and Rangers one. In Hockey Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quicktake, Power bout more than twenty seven hundred journalists,
Speaker 1: analysts more than a hundred twenty countries. Michael Barr, this
Speaker 1: is Bloomberg Gaming, all right, Thank you, Michael. Six eighteen
Speaker 1: on Wall Street Live from the Bloomberg Interactive Broker Studios.
Speaker 1: This is Bloomberg day Break. Former Barclay's Market chief s C.
Speaker 1: S n A. Christian is now CEO of the story
Speaker 1: UK Bank. He took over the top job after the
Speaker 1: abrupt departure of its former chief executive. So now a
Speaker 1: year end of the job, Van Cat is leading bark
Speaker 1: Lays through a war in Ukraine, rampant inflation, and aggressive
Speaker 1: central bank tightening. In his first TV interview since taking
Speaker 1: the Helm Vancat, Spook exclusively, the Bloomberg's Franci and Lakwa.
Speaker 1: I think the UK economy has had a lot of
Speaker 1: support during COVID, and obviously there are you know, the
Speaker 1: UK has been growing more slowly than it should. But
Speaker 1: the financial services industry, which is a large part of
Speaker 1: the UK, is very competitive, but it's not the only one.
Speaker 1: Health sciences, even technology, in parts of technology fintech are
Speaker 1: very very bright stars in the UK. So the UK
Speaker 1: has a lot going for it, and I don't think
Speaker 1: you will see that kind of environment. I think what
Speaker 1: what what I'm hoping you see is what people will
Speaker 1: call a soft landing and shallow recession, helped by the
Speaker 1: initial conditions. Uh and and so what you might see
Speaker 1: is an increase in unemployment. You might it see some
Speaker 1: credit weakness among among customers, but it won't be so
Speaker 1: bad that you see distress in society. However, it has
Speaker 1: to be managed carefully and it has to be managed
Speaker 1: aggressively with the balancing of the budget. And that's what
Speaker 1: the Prime Minister has said in the last couple of days.
Speaker 1: Are you expecting housing crush? I doubt it. Talk to
Speaker 1: me a little bit about the last six weeks. So
Speaker 1: you mentioned the guilt was there a moment where you
Speaker 1: were in the office thinking like, I you know, as
Speaker 1: Barclays you're one of of course the players in selling
Speaker 1: and buying guilds with the margin calls coming in and
Speaker 1: saying like, I don't know what happens in the next
Speaker 1: two hours. So first of all, I think that I
Speaker 1: think the the volatility was managed extremely well by the
Speaker 1: very effective, targeted and time bound actions of the Bank
Speaker 1: of England. So I think buying guilts, buying infatient linked
Speaker 1: gills and then the report facility that they put in
Speaker 1: working with the banking system all helped ease the pressure
Speaker 1: in the crisis. And you know, you've got ten years guilty.
Speaker 1: He is now back below where they were um at
Speaker 1: the at the day of the Mani budget on the
Speaker 1: twenty three September. As for us, I mean we are
Speaker 1: large in the in the guilt's market. Um. What was
Speaker 1: important for us as we saw it was this was
Speaker 1: not a solvency issue at all. For the pension system.
Speaker 1: It was a liquidity issue. And it was a liquidity
Speaker 1: issue because what was a very important feature of the
Speaker 1: UK pension system, which by the way, I think is
Speaker 1: a good feature of the pension system, which is a
Speaker 1: matching of assets and liabilities, which employed leverage created a
Speaker 1: liquidity problem, so liquidity problem had to be managed. Is
Speaker 1: liquidity you're the biggest concern for banks right now? I
Speaker 1: mean we're again hearing, you know, the U. S. Treasury
Speaker 1: Secretary having to do things maybe to put a bit
Speaker 1: of extra liquidity to pat it out in the treasuring market.
Speaker 1: Bank liquidity, I don't think is an issue. We've had
Speaker 1: liquidity regimes, the you know, funding models are much much
Speaker 1: more robust than they were in the financial crisis. I
Speaker 1: think part of what people are worried about and what
Speaker 1: they saw in the guilt market was the liquidity in
Speaker 1: underlying trading, which is that these markets are not deep
Speaker 1: with smaller bit of a small bit offers in large
Speaker 1: sizes of trades as they used to be fifteen years ago.
Speaker 1: And I think part of it our banks are more
Speaker 1: prudent in managing their risk. What's your relationship like with
Speaker 1: with the new UK government? Have you had calls? Have
Speaker 1: you have they given your assurance about windfall taxes? Well,
Speaker 1: I think the government is brand new, so we obviously
Speaker 1: many of the faces are very familiar faces and we've
Speaker 1: been dead you know, in communication with them in many
Speaker 1: for many years, and we always are with the government UM.
Speaker 1: And you know, we are a wait to see their
Speaker 1: proposals on on taxation, on fiscal policy, on all aspects
Speaker 1: of it. Where do you see the city of London
Speaker 1: being in four or five years? I mean that's maybe
Speaker 1: too long a time frame. Should I say twelve months? Well,
Speaker 1: it's it's both too long and too short. You know.
Speaker 1: If here we are in the city and this city
Speaker 1: has been the enter of finance for three d years
Speaker 1: and it needs to be the center of finance with
Speaker 1: three hundred more years, we certainly would wish that that
Speaker 1: were the case. UM. And it is the center of
Speaker 1: finance because of an excellent regulatory system, transparent fair It
Speaker 1: is there because of great availability of talent UM and infrastructure,
Speaker 1: soft financial infrastructure and hard financial infrastructure UM. And a
Speaker 1: part of that is also a stable, predictable taxation regime.
Speaker 1: So we hope that all those elements and ingredients remain
Speaker 1: and continue to allow the city to flourish. And you know,
Speaker 1: the Prime Minister book about investing in education in Britain,
Speaker 1: and if you think about what drives the financial sector.
Speaker 1: I mean you meet many of them. It's about the
Speaker 1: wonderfully trained people in the UK and the wonderfully trained
Speaker 1: people outside were able to come and work in the UK.
Speaker 1: If the UK has lost something, when City of Lunds
Speaker 1: has lost business to other parts of the world in
Speaker 1: terms of you know, financial capitals, what do you need
Speaker 1: from the government today for that to be reversed. Well,
Speaker 1: some of it is what others do, right. So once
Speaker 1: briggsit happened, um and you could not passport financial services
Speaker 1: to London. All the major banks had to set up
Speaker 1: trading enterprises in Europe. So that is irreversible, let's say
Speaker 1: for the time being. I think other than that, what
Speaker 1: we need is a continuation of what London has provided,
Speaker 1: you know, education, infrastructure, people, great regulatory regime and UH
Speaker 1: and a stable and predictable you know, fiscal regime. Christians
Speaker 1: speaking with Bloomberg's Francy and Laquix. You can catch that
Speaker 1: full interview on bloomberg dot com or on the Bloomberg terminal.
Speaker 1: Futures are lower, SMB features down, twenty doll features down
Speaker 1: one points, nattack features down seventies six, the ten year
Speaker 1: treasury down eleven thirty seconds. Can you yield at four
Speaker 1: point oh five per cent? Much more still to come
Speaker 1: on Bloomberg Break. This is Bloomberg Bloomberg eleven three oh weather.
Speaker 1: Mostly cloudy today going up to sixty five degrees with
Speaker 1: scattered showers to night, down to fifty five and back
Speaker 1: up to seventy tomorrow with showers early in the morning
Speaker 1: and mostly cloudy skuys tomorrow afternoon. Broadcasting live from the
Speaker 1: Bloomberg Interacted Brokers studio in New York. Bloomberg E Living
Speaker 1: Free On to Washington, d C. Bloomberg on to Boston,
Speaker 1: Bloomberg one oh six one to San Francisco, Bloomberg nine
Speaker 1: six to the country, Sirius XM to A one nine
Speaker 1: and around the globe the Bloomberg Business and Bloomberg Radio
Speaker 1: dot Com. This is Bloomberg Daybreak. It's six thirty on
Speaker 1: Wall Street. Good Monday morning. I may me Morris and
Speaker 1: I'm Nathan Hagar. We're about three hours away from the
Speaker 1: open of US training time for the five things you
Speaker 1: need to know to start your day. Brought to you
Speaker 1: by Interactive Brokers. Interactive Brokers charges margin loan rates from
Speaker 1: three point five eight to four point five eight percent
Speaker 1: rates subject to change. Learn more at ib kr dot com.
Speaker 1: Slash compare first. US futures are lower to start the morning,
Speaker 1: but stocks enter this last day of the trading month
Speaker 1: in rally mode. This and P five hundreds gained almost
Speaker 1: nine percent in October, while the Dow has surged more
Speaker 1: than four Phil Orlando, chief ecuty strategist that Federated Hermes,
Speaker 1: thinks we are still in for a bumpy road ahead.
Speaker 1: There's been this perception among the market. We've seen this
Speaker 1: from that big rally mid June and mid August and
Speaker 1: then this rally over the last couple of weeks, This
Speaker 1: perception that there will be this immaculate decline and inflation
Speaker 1: which is going to allow the Federal Reserve to stop
Speaker 1: hiking interest rates and turn around and start cutting interest rates.
Speaker 1: We are not that sanguine. It's gonna be a problem
Speaker 1: longer than the market thanks. Phil Orlando with Federated Hermes
Speaker 1: is still positioning defensively as the Fed continues to tighten
Speaker 1: monetary policy, and we're watching a couple of key events
Speaker 1: this week. If that makes an interest rate decision on Wednesday,
Speaker 1: and the government issues its monthly employment report on Friday.
Speaker 1: Katrina L is a senior economist with Moody's Analytics. We
Speaker 1: have seen that the U S economy is still kind
Speaker 1: of roaring ahead, but momentum has definitely slowed, and I
Speaker 1: think what the Fed is really going to continue to
Speaker 1: focus on is that the strength of the labor market.
Speaker 1: And while we have seen some softening in the labor market,
Speaker 1: it's still type beyond comfort levels. Katrina L with moody
Speaker 1: says she expects the FED to raise rates another seventy
Speaker 1: five basis points this week before easing in the coming months.
Speaker 1: Stick with us all week for the latest Fed coverage.
Speaker 1: We'll bring you Jair J. Powell's full comments live Wednesday
Speaker 1: on Bloomberg Radio and television. Over in Europe, Amy shares
Speaker 1: of Barclays are up almost one percent. Trading revenue rose
Speaker 1: more than expected thanks to fixed income, commodities and currencies trading.
Speaker 1: In his first broadcast interview since taking the top job,
Speaker 1: CEO C. S. Van Kada Christian spoke about the UK
Speaker 1: economy with Bloomberg's Fiancy Laquix. What you might see as
Speaker 1: an increase in unemployment, you might see some credit weakness
Speaker 1: among among customers, but it won't be so bad that
Speaker 1: you see distress in society. However, it has to be
Speaker 1: managed carefully and it has to be managed aggressively with
Speaker 1: the balancing of the budget, and that's what the Prime
Speaker 1: Minister has said in the last couple of days. Catch
Speaker 1: our full interview with Barclay CEO on Bloomberg dot Com
Speaker 1: or on the Bloomberg Terminal. A dramatic comeback in Brazil
Speaker 1: for former President Louise in Assacia Lula da Silva, the
Speaker 1: left ring politician winning the presidential election narrowly defeating incumbent
Speaker 1: Jay r Balls and narrow. That's the five things you
Speaker 1: need to notice start your day. Brought to you by
Speaker 1: Interactive Brokers, and this is Bloomberg. Thank you, Nathan sixty
Speaker 1: three on Wall Street. Let's bring in Michael bar to
Speaker 1: tell us what else is going on in New York
Speaker 1: and around the world. Thank you very much. Amy. The
Speaker 1: mayor of Ukraine's capital said that eight percent of consumers
Speaker 1: in Ki were left without water supplies due to the
Speaker 1: damage to a power facility near the city from Russian
Speaker 1: military strikes. Today the tally Klitschko says local authorities are
Speaker 1: working on restoring the supplies as soon as possible, telling
Speaker 1: Kiev residents in the meantime to stock up on water
Speaker 1: from the nearest pump rooms and points of sale. The
Speaker 1: barrage of Russian strikes hit critical infrastructure facilities in Kiev
Speaker 1: and other Ukrainian cities. South Korean President Yun Sakyol has
Speaker 1: promised a full investigation and support for those affected. After
Speaker 1: a crowd crush and Soul killed more than one fifty people,
Speaker 1: Bloomberg's so he Kim reports from Soul, there were tens
Speaker 1: of thousands of people packed in a narrow alley on
Speaker 1: a hill, and suddenly it went out of control, as
Speaker 1: people described as they were falling like dominoes Bloomberg, so
Speaker 1: he Kim and Soul. The man accused of attacking Paul Pelosi,
Speaker 1: the husband of Speaker of the House Nancy Pelosi, is
Speaker 1: expected in court today to face attempted murder and other charges.
Speaker 1: Investigators are examining forty two year old David to Pop's
Speaker 1: social media pages, which allegedly include false conspiracy theories about
Speaker 1: the election. There's word Pop had zip ties and duct
Speaker 1: tape and his bags Friday when he allegedly broke into
Speaker 1: the Pelosi's san Francisco home. There are calls this morning
Speaker 1: for the United Nations to broke of the resumption of
Speaker 1: wheat exports from Ukraine. Bloomberg's backs are as the story.
Speaker 1: Russia is blocking the departure of any ships carrying wheat
Speaker 1: out of Ukraine, saying that drone strikes are originating off
Speaker 1: the ships. President Joe Biden says, very concerning. Truly outrageous
Speaker 1: is from increased targation. There's no reason for them to
Speaker 1: do that, but they're always looking for some rationale to
Speaker 1: be able to stay green. They're doing something outrageous is
Speaker 1: because the West made them do it. Ukraine says two
Speaker 1: eighteen ships in total have been blocked in San Francisco.
Speaker 1: I'm at Baxter Bloomberg Gay Break. Donald Trump's company, the
Speaker 1: Trump Organization is on trial this week for criminal tax frond.
Speaker 1: Opening statements and the first witnesses are expected today in
Speaker 1: New York. Among the key prosecution witnesses Trump's longtime finance
Speaker 1: chief Alan Weislberg. Global News twenty four hours a day
Speaker 1: on air and on Bloomberg quick Take, powered by more
Speaker 1: than twenty seven hundred journalists and endless more than twenty countries.
Speaker 1: Michael Barr. This is Bloomberg Gaming. All right, thank you, Michael.
Speaker 1: Time now for the sports before Rosy by Tri State Audie.
Speaker 1: Here's John stash Our. Thanks aman Gino. Smith was a
Speaker 1: high draft pick of the Jets. Spent one year with
Speaker 1: the Giants, mostly as a backup quarterback. That's been his
Speaker 1: role almost his entire career, but Seattle trade of the
Speaker 1: unhappy Russell Wilson gave the job to Smith and he's
Speaker 1: been a sensational leads the NFL, and completion percentage led
Speaker 1: the Seahawks to win over the Giants. Smith was asked
Speaker 1: about beating his old team Austin one year with the Giants,
Speaker 1: and so that year to me was like a blur,
Speaker 1: and uh, you know, my life has moved on from then.
Speaker 1: I don't have any remorse towards anyone there. Uh. In fact,
Speaker 1: you know this, to me, this game was been back
Speaker 1: and doing Jerry Reece. They believed in me, and so
Speaker 1: as far as you know any other thing, I don't
Speaker 1: really care for it. Um, you know, I'm happy to
Speaker 1: be here in Seattle. Imcative and Reese with the Giants
Speaker 1: coach and GM back in two thousand and seventeen, Giants
Speaker 1: offense struggle. The only touchdown was due to the Seattle
Speaker 1: fumble at their own two yard line. Quiet day for sake,
Speaker 1: kwon Barkley a season low sixty two yards from scrimmage.
Speaker 1: Giants four game win streak ends. They go to the
Speaker 1: bye week six and two, tied for second with Dallas
Speaker 1: and Philadelphia one again. The Eagles are seven oh. The
Speaker 1: Jets also had their four game win streak, and they're losing.
Speaker 1: Drake versus New England grew the thirteen the Patriots one
Speaker 1: of met Life twenty two to seventeen. Zach Wilson threw
Speaker 1: three interceptions. Bill Belichick now the second winning his coach
Speaker 1: in NFL history, trailing only Don Scheul the Jets. Next week,
Speaker 1: I have to play Buffalo. The Bills last night sent
Speaker 1: Green Bay to a fourth loss in a row. Knicks
Speaker 1: Blue A lost in Cleveland one one to one, oh
Speaker 1: as the Calves won the fourth quarter of thirty two
Speaker 1: to fifteen. Donovan Mitchell scored thirty eight against the Knicks,
Speaker 1: of course, tried to acquire him in the off season.
Speaker 1: Rangers won three two at Arizona, Devil's all over Columbus
Speaker 1: seven and one. The Astros and Phillies tied at one
Speaker 1: play Game three the World Series. Tonight, John Bloomberg Sports Team,
Speaker 1: All right, thank you, John. It is sixty seven on
Speaker 1: Wall Street. Time to take a look at stocks and
Speaker 1: some of the names that are moving in the free market.
Speaker 1: And for that we're joined by Bloomberg's Danny Burger. Danny,
Speaker 1: it is a pleasure, thanks for joining us this morning.
Speaker 1: What you got for us? We'll starting off with chip stocks,
Speaker 1: and and look, they've they've been under under pressure really
Speaker 1: I don't know over the past two years, but every
Speaker 1: little incremental news we get does seem to be a
Speaker 1: little bit more painful for them. So the latest comes
Speaker 1: out of China with con there of course, uh the
Speaker 1: main manufacturer for Apple, and they're trying to look at
Speaker 1: alternative sites to start production because of the disruption that's
Speaker 1: happening in Chinese plants. So what does it have to
Speaker 1: do with US stocks? A lot of these US chipmakers
Speaker 1: are under pressure because of that. This morning, again just
Speaker 1: another piece of news of the supply chain issues facing
Speaker 1: companies who have to deal with the COVID nineteen fallout
Speaker 1: in China, specifically tech and chipmakers. So A A M
Speaker 1: D for exact ample that's falling more than one percent
Speaker 1: pre market, as is in video at this moment. And
Speaker 1: let's turn our attention now to Emerson Electric. What's going on. So, yeah,
Speaker 1: it's one of these big industrial companies, and this is
Speaker 1: from a Wall Street Journal story that Blackstone, the private
Speaker 1: equity giant, is going to be buying a fifty percent
Speaker 1: stake in their climate tech business. So this is things
Speaker 1: like compressors, residential and commercial heating and cooling. UM. One
Speaker 1: of the interesting things about this deal versus, you know,
Speaker 1: just the deal itself is that usually what happens is
Speaker 1: banks provide the debt financing from this, but banks have
Speaker 1: really pulled back from that they don't really want to
Speaker 1: take on a risk. So interestingly, Blackstone is placing the
Speaker 1: debt itself, selling it off to direct lenders. So even
Speaker 1: just the shape of the deal is pretty interesting. But
Speaker 1: for Emerson it does mean a boost to their shares.
Speaker 1: They also reported earnings this morning that beat expectations, so
Speaker 1: that plus getting a little bit of funding from this
Speaker 1: Blackstone deal helping them move one in a third percent
Speaker 1: in the pre market trading and any there looks to
Speaker 1: be a great big deal with Thermo Fisher iman, this
Speaker 1: looks yeah, and I should say one of the one
Speaker 1: of the things interesting about this is it's a deal
Speaker 1: for a UK asset, So it's buying a UK diagnostic
Speaker 1: firm for two billion dollars. Is buying this off of
Speaker 1: a private equity firm, Nordic Capital, and so yes, this
Speaker 1: is a sizeable deal for them. But one it reflects
Speaker 1: just how active dealmaking in healthcare has been. But also
Speaker 1: it's the theme I'm based here in London. Something we've
Speaker 1: been following is because of a strong dollar and a
Speaker 1: weaker pound, we continue to see US companies interested in
Speaker 1: UK deals. So this is yet another one adding to
Speaker 1: evidence that perhaps the UK is on sale. I guess
Speaker 1: you could say, um, so, yeah, they're most fisher taking
Speaker 1: advantage of that. All right, Thanks so much, Bloomberg Television
Speaker 1: anchor and Market Drivers host Danny Burger. Always a pleasure.
Speaker 1: Thank you for bringing us your insights and letting us
Speaker 1: know what some of the names are that are moving
Speaker 1: in the pre market. Thank you for joining us looking
Speaker 1: at stocks in the whole ahead of the and futures
Speaker 1: are lower. SMP futures down twenty one points, deal futures
Speaker 1: down one D fifty four points. Nastack futures down seventy nine,
Speaker 1: ten year treasury down ten thirty seconds to yield at
Speaker 1: four point oh five. Much more still to come on
Speaker 1: this Monday morning edition of Bloomberg Daybreak. This is Bloomberg.
Speaker 1: The Bloomberg Sports Report was brought to you by Audie.
Speaker 1: Don't let someone else drive off in the Outie model.
Speaker 1: You've always wanted to visit your local try stay Doutie Dealer,
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Speaker 1: Offers dot com for more information, markets, headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot com,
Speaker 1: The Bloomberg Business at and at Bloomberg Quicktap. This is
Speaker 1: a Bloomberg Business Lash. I'm Nathan Hager. Futures are moving
Speaker 1: lower ahead of a very busy week for earnings and
Speaker 1: central banks. Let's head right over to the first road
Speaker 1: breaking news down for today's morning call. Here's Bill Maloney.
Speaker 1: Good morning Bill, he and good morning Nathan. That's right.
Speaker 1: US futures are lower after Friday's surge, with down futures
Speaker 1: down a hundred and sixty one point says if he's
Speaker 1: dropped twenty two and nasdik futures decline by eighties six
Speaker 1: the US ten yeld at four point oh six percent,
Speaker 1: gold is down eight, oil is in the red, and
Speaker 1: bitcoin is trading little changed. Japan rose one percent overnight,
Speaker 1: while up markets are quiet this morning, and back in
Speaker 1: the US. On the economic front at Chicago p m
Speaker 1: I and at ten thirty the Dallas Fed Regarding earnings
Speaker 1: this morning, Emerson Electric EPs beat estimates and a deal
Speaker 1: news thermal Fisher said to be near a deal for
Speaker 1: two point three billion dollars for UK's binding site. In
Speaker 1: other news, the Verrge report that Twitter plans to charge
Speaker 1: per month for new Twitter Blue and wrapping things up,
Speaker 1: Glad was raised equate over Barkley's Andy was cut to
Speaker 1: market reform. Over at BMO Live from the First Breaking
Speaker 1: News Desk, go on, Bill Moloney, Nathan, all right, Bill,
Speaker 1: thanks to get more live breaking news on your Bloomberg
Speaker 1: tie Squawk on the terminal s q U A go,
Speaker 1: that's a Bloomberg business flashion. Now here's Michael Barr with
Speaker 1: more on what's going on around the world. Michael, thank
Speaker 1: you very much. Nathan. Brazil's Lula d Silva edged out
Speaker 1: jayere Bolsonaro fifty point nine percent to forty nine point
Speaker 1: one percent to win the presidency. Bolsonaro hasn't conceded or commented.
Speaker 1: The Supreme Court revisits the issue of affirmative action today.
Speaker 1: The case before the Court will focus on admission policies
Speaker 1: at the University of North Carolina and at Harvard. In
Speaker 1: the NFL, the Giants lost, The Patriots beat the Jets seventeen,
Speaker 1: the Commanders and forty Niners one. In the NBA, the
Speaker 1: next lost. The Celtics beat the Wizards on The Warriors lost.
Speaker 1: In hockey. The Devils and Rangers won. Game three of
Speaker 1: the World Series is tonight in Philadelphia. The Astros and
Speaker 1: Phillies are so far even at a game of peace.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quicktake, powered by more than seven hundred journalists
Speaker 1: nannialists more than a d countries. I'm Michael Barr, and
Speaker 1: this is Bloomberg n alright, Michael, Thanks, it's sixty nine
Speaker 1: on Wall Street. Let's turn to news and science and
Speaker 1: technology now. The Bloomberg n g I T STEM Report
Speaker 1: is brought to you by New Jersey Institute of Technology
Speaker 1: rank the top one hundred national University by US News
Speaker 1: and World Report at number fourteen in the nation on
Speaker 1: Money's Best Colleges list. Learn more at n j I,
Speaker 1: T dot E DU now Here's What's making news and science, technology, engineering,
Speaker 1: and math. Elon Musk is preparing for a round of
Speaker 1: job cuts at Twitter. Bloomberg News has learned the company's
Speaker 1: new owner has asked managers to draw up lists of
Speaker 1: team members who could be let go. Musk has denied
Speaker 1: reports he plans to get rid of seventy five of
Speaker 1: Twitter's dred employees. Challenges are mounting for Hong Kong's major
Speaker 1: financial summit this week, with three top executives pulling out
Speaker 1: and a tropical cyclone approaching. The latest to miss the
Speaker 1: summit is Blackstone President Jonathan Gray, who contracted COVID and
Speaker 1: China has launched the third and fine a module to
Speaker 1: complete its permanent space station, realizing more than a decade
Speaker 1: long endeavor to maintain a constant crude presence in orbit.
Speaker 1: Main Tian joins Wen Tian as the second laboratory module
Speaker 1: for the station. Main Tion weighs in at about twenty tons.
Speaker 1: It will provide space for science experiments in zero gravity
Speaker 1: and airlock for exposure to the vacuum of space, and
Speaker 1: a small robotic arm to support extra vehicular payloads. That's
Speaker 1: the Bloomberg j I. T Stem Report. Amy all right,
Speaker 1: thank you, Nathan, and we are live from the Bloomberg
Speaker 1: Interactive Brokers studios. It is six fifty one on Wall
Speaker 1: Street Time Now to check what's going on in d C.
Speaker 1: Some of our top stories in the nation's capital include
Speaker 1: the reaction to the attack on how speaker Nancy Pelosi's husband.
Speaker 1: We're going to get the very latest President Biden cast
Speaker 1: in his mid term ballot before the final campaign stretch.
Speaker 1: And we're gonna take a look at the U S
Speaker 1: relationship with Brazil after Lula da Silva's election. We want
Speaker 1: to get more on these stories from Bloomberg Government reporter
Speaker 1: Emil Wilkins. She joins us. Now, Emily, good Monday morning
Speaker 1: to you. Let's start with Nancy Pelosi. That attack on
Speaker 1: her husband just a few days ago. Lawmakers have been
Speaker 1: voicing concerns about security for weeks. Now, how does this
Speaker 1: change the picture? Oh, I mean, Amy that it's it's weeks.
Speaker 1: It's months. It's really since uh January, uh six of one.
Speaker 1: You saw a lot of increased threats on lawmakers on
Speaker 1: their lives, and you have seen a number of cases
Speaker 1: like Progressive Privilege EA Paul as well as a Republican
Speaker 1: Senator Susan Collins, report that there were various attacks and
Speaker 1: attempts on their life and you have seen that some
Speaker 1: response within the Capitol hell community. UH. This past summer,
Speaker 1: Sergeant of Arms told lawmakers that they could get up
Speaker 1: to ten thousand dollars to help billster their personal homes,
Speaker 1: installed security cameras, make sure they have shatterproof windows, various
Speaker 1: measures like that. But clearly what we saw in the
Speaker 1: case of Pelosi is that it just wasn't enough, and
Speaker 1: it really reawakened a lot of these fears that with
Speaker 1: five thirty five members of Congress plus the delegates, it
Speaker 1: feels like it's only really a matter of time for
Speaker 1: something truly tragic happens. We saw this back way back
Speaker 1: at the start of the year with UH start of
Speaker 1: the decade, really um with Gabrielle Difference being shot. We
Speaker 1: had the shooting with that her hit Steve Scaleeze in
Speaker 1: the leg um, and every time there are calls to
Speaker 1: do more. But it really seems like in the last
Speaker 1: two years, we've seen more of a ramping up and
Speaker 1: a ramping up of threats onto lawmakers, and I think
Speaker 1: there's still a question of what exactly is going to
Speaker 1: be done at this point, if we are going to
Speaker 1: see more support for lawmakers in the upcoming year and
Speaker 1: spending bill, perhaps, if there are going to be more
Speaker 1: security measures. But I think it's from the response you've
Speaker 1: seen from lawmakers, there's also an acknowledgement that we are
Speaker 1: living in very partisan, very divided times right now in
Speaker 1: the US, and that atmosphere is really going to have
Speaker 1: to change before some of these threats begin to die down. Yeah,
Speaker 1: I wanted to ask just one more question about that,
Speaker 1: because as partisan as it is, it does seem like
Speaker 1: the lawmakers can agree that there's no place for violence
Speaker 1: in these politics. Um, do you anticipate seeing something move
Speaker 1: on the House floor, on the Senate floor, on Capitol
Speaker 1: Hill at all? I mean, it's the potential. At this point.
Speaker 1: Most lawmakers are are pretty focused on the election, so
Speaker 1: there isn't too much chat on legislation, But I think
Speaker 1: there's also a lot of calls that you know, there
Speaker 1: needs to be more civility. You've seen a number of
Speaker 1: Rebublicans come out and condemn violence, but you've also seen
Speaker 1: some continue. Republican Congressman Clay Higgins uh promoted a conspiracy
Speaker 1: theory about Flossie and about who the person who attacked
Speaker 1: their home was. Certainly things like that. You know, they
Speaker 1: don't go to cool partisan tentions. Now, this is all
Speaker 1: happening just days before the midterm elections Emily, and we
Speaker 1: already know that President Biden has cast his ballot. What
Speaker 1: do you say from the polls? What are you hearing?
Speaker 1: So the polls just show an incredibly tight race. The
Speaker 1: boots that we saw from Democrats over the summer has
Speaker 1: basically managed at this point a number of races where
Speaker 1: Biden one by one, the district by ten points, one
Speaker 1: the district by twenty points have now become competitive races
Speaker 1: where Republicans are spending money in and so it doesn't
Speaker 1: look good for Democrats. Certainly, their chances of holding onto
Speaker 1: the House at this point, according to the polling team,
Speaker 1: very very slim. Republicans are likely to pick up but
Speaker 1: probably between a dozen and twenty five different seats according
Speaker 1: to what we've seen from some analysts south there and
Speaker 1: in the Senate and the races where Democrats really needed
Speaker 1: to to hold onto seats like in Nevada, in Georgia
Speaker 1: where they need to flip seats like in Pennsylvania. All
Speaker 1: of those races are becoming so much tighter and closer
Speaker 1: for them. So there's a real question to UH as
Speaker 1: to what's going to happen in Senate Chamber. We could
Speaker 1: easily be seen a government next year that as Republican,
Speaker 1: it is controlling both branches of sorry, both chambers of
Speaker 1: covert Congress rather and then have Biden in the White House.
Speaker 1: Are there any particular races that you're keeping your eye on,
Speaker 1: Emily oh Man A lot um. There are a number
Speaker 1: of really interesting ones. I was, of course in Nevada
Speaker 1: the other week, and so I'm keeping my eye on
Speaker 1: the three house races there. It's interesting because usually when
Speaker 1: you look at large metropolitan areas, there's maybe one or
Speaker 1: two competitive races. It's interesting to see three competitive races
Speaker 1: in one city. And so I think that might be
Speaker 1: a really good bell weather as to how things go,
Speaker 1: particularly because Nevada has been hard hit by the economy,
Speaker 1: um and that's really the number one issue for voters
Speaker 1: this selection. As much as Democrats are talking about a
Speaker 1: portion in January six and how much that matters to
Speaker 1: a lot of their base voters. UM Inflation really has
Speaker 1: continued to be the number one issue across the board UM.
Speaker 1: And so I think I'll go ahead and say and
Speaker 1: say that the vat a racist should really tell us
Speaker 1: a lot come election night. And we're gonna be watching
Speaker 1: the turnout as well, especially with the early voting and
Speaker 1: the mail in balance that's going to also tell the tale.
Speaker 1: And I wanted to shift to more global politics. Now.
Speaker 1: President Biden has already congratulated Louise and CEO Lula da
Speaker 1: Silva on his election win in Brazil. I want to
Speaker 1: ask you what we can figure this would mean for
Speaker 1: US relations with Brazil. Well, they'll probably get a little
Speaker 1: bit warmer. Of course. The current president of Bulsonaro, he
Speaker 1: was an ally of former President Trump. He never recognized
Speaker 1: Biden's election victory and continue to question it when he
Speaker 1: did meet Biden. Obviously that that didn't really endear him
Speaker 1: uh to Biden. And so you have Da Silva who
Speaker 1: is probably a little bit more friendly to Biden, friendly
Speaker 1: to Biden's policies. Listening to the speech that he made
Speaker 1: last night, he echoed a lot of themes that we've
Speaker 1: actually kind of heard from Biden. This putting aside partisanship,
Speaker 1: this working to read il BRASILTA to make it better again. Um,
Speaker 1: And so that was things that that we're hearing from him,
Speaker 1: and it kind of singles, um, you know that that
Speaker 1: he invited might wind up being a little bit closer
Speaker 1: of allies. Alright, Bloomberg Government reporter Emily Wilkins, thank you
Speaker 1: very much. Always a pleasure, and you can read more
Speaker 1: about these stories on Bloomberg dot com or on the
Speaker 1: Bloomberg terminal, and a reminder, follow all of the latest
Speaker 1: on Bloomberg Radio in Washington. Bloomberg ninety nine one and
Speaker 1: one oh five point seven f m h D two
Speaker 1: features lower SMP futures down twenty one, DAL futures down one,
Speaker 1: NAZDAC futures down eight three, the tenure treasury down seven
Speaker 1: thirty seconds, the yield at four point oh four percent.
Speaker 1: Bloomberg Surveillance with Lisa Brahma, Wits and Jonathan Farrow coming
Speaker 1: up next along with Nathan Hagar. I'm any Morris. This
Speaker 1: is Bloomberg