1 00:00:02,680 --> 00:00:05,360 Speaker 1: Live from the Bloomberg Interact at Burgers Studio hosts is 2 00:00:05,400 --> 00:00:09,880 Speaker 1: Bloomberg day Break for Monday, September two. Coming up the Shower, 3 00:00:10,200 --> 00:00:13,280 Speaker 1: a last goodbye. Britain prepares for the funeral of Queen 4 00:00:13,320 --> 00:00:17,000 Speaker 1: Elizabeth the second. We are live in London with special coverage. 5 00:00:17,120 --> 00:00:20,120 Speaker 1: President Biden said US forces would defend Taiwan if there 6 00:00:20,160 --> 00:00:23,079 Speaker 1: was an unprecedented attack, and the Fed Bank of England 7 00:00:23,079 --> 00:00:25,959 Speaker 1: and Bank of Japan all make rate decisions this week. 8 00:00:26,160 --> 00:00:28,760 Speaker 1: The U in General Assembly is back in New York City, 9 00:00:28,800 --> 00:00:31,680 Speaker 1: plus all of Puerto Rico was without power after Hurricane 10 00:00:31,680 --> 00:00:33,959 Speaker 1: For you want to crash the shore, I'm Michael bar 11 00:00:34,159 --> 00:00:36,920 Speaker 1: More Ahead, I'm John Stashower. Big day in New York. 12 00:00:36,960 --> 00:00:40,160 Speaker 1: Sports wins for the Jets, Giants, Mets, and Yankees. Aaron 13 00:00:40,280 --> 00:00:43,880 Speaker 1: Judge Omber twice to reach fifty nine. That's all straight 14 00:00:43,880 --> 00:00:47,519 Speaker 1: Ahead on Bloomberg day Break on Bloomberg eleven three on 15 00:00:47,640 --> 00:00:52,040 Speaker 1: New York, Bloomberg one, Washington, d C, Bloomberg one oh 16 00:00:52,080 --> 00:00:56,800 Speaker 1: six one, Boston, Bloomberg nine sixty, Francisco, Syrius x M 17 00:00:56,880 --> 00:01:00,040 Speaker 1: one nineteen and around the world on Bloomberg, rady O 18 00:01:00,200 --> 00:01:08,440 Speaker 1: dot com and via the Bloomberg Business Act. Good morning. 19 00:01:08,480 --> 00:01:11,560 Speaker 1: I'm Nathan Hagar and I'm Karen. Moscow and US Dock 20 00:01:11,600 --> 00:01:14,440 Speaker 1: Index futures are lower this morning. We're coming up to 21 00:01:14,520 --> 00:01:16,200 Speaker 1: five oh one on Wall Street, and we check the 22 00:01:16,200 --> 00:01:19,399 Speaker 1: markets every fifteen minutes throughout the trading day. On Bloomberg 23 00:01:19,480 --> 00:01:21,640 Speaker 1: right now, S and P futures are down thirty two 24 00:01:21,680 --> 00:01:25,440 Speaker 1: points down, futures down two hundred forty, NASDAG futures down 25 00:01:25,440 --> 00:01:28,200 Speaker 1: one hundred sixteen. We are waiting for treasuries to begin 26 00:01:28,280 --> 00:01:30,800 Speaker 1: trading today as markets in Japan and London are closed 27 00:01:30,800 --> 00:01:33,560 Speaker 1: for holidays. NIMEX screwed oil is down one and a 28 00:01:33,560 --> 00:01:35,760 Speaker 1: half percent at a dollar twenty five at eighty three 29 00:01:35,760 --> 00:01:38,759 Speaker 1: dollars eighty six cents of barrel comes. Gold is down 30 00:01:38,800 --> 00:01:41,199 Speaker 1: three quarters of a percent, or twelve dollars forty cents 31 00:01:41,200 --> 00:01:44,679 Speaker 1: at sixteen seventy one. Ten announced the euro point nine 32 00:01:44,800 --> 00:01:48,520 Speaker 1: nine seven seven against the dollar. Nathan, Karen, We'll have 33 00:01:48,600 --> 00:01:50,600 Speaker 1: more on the markets in a minute, but we begin 34 00:01:50,720 --> 00:01:54,120 Speaker 1: this morning with the UK bidding farewell to its longest 35 00:01:54,160 --> 00:01:57,120 Speaker 1: serving monarch. Leaders from around the world today are gathered 36 00:01:57,160 --> 00:01:59,960 Speaker 1: in London for the funeral of Queen Elizabeth the Second 37 00:02:00,320 --> 00:02:04,120 Speaker 1: Bloomberg's leanne Garn's is outside Westminster Abbey and brings us 38 00:02:04,200 --> 00:02:07,720 Speaker 1: the very latest. Global leaders and dignitaries are gathering in 39 00:02:07,800 --> 00:02:11,120 Speaker 1: London for the state funeral of Queen Elizabeth the Second. 40 00:02:11,480 --> 00:02:15,680 Speaker 1: Around two thousand people will attend the service at Westminster Abbey, 41 00:02:15,960 --> 00:02:20,160 Speaker 1: including Prince George and Princess Charlotte, who will walk alongside 42 00:02:20,200 --> 00:02:23,639 Speaker 1: the Prince and Princess of Wales. The funeral will mark 43 00:02:23,680 --> 00:02:26,640 Speaker 1: the end of ten days of National Morning, during which 44 00:02:26,720 --> 00:02:30,440 Speaker 1: hundreds of thousands of people killed. To see Queen Elizabeth 45 00:02:30,560 --> 00:02:34,160 Speaker 1: lying in state at Westminster Hall, the service will include 46 00:02:34,200 --> 00:02:37,519 Speaker 1: a reading from the Prime Minister List Trust, the hymn 47 00:02:37,760 --> 00:02:41,760 Speaker 1: Lord's My Shepherd, and the Archbishop of Canterbury, Justin Welby, 48 00:02:41,800 --> 00:02:44,800 Speaker 1: will give the sermon. On Sunday night, the UK held 49 00:02:44,840 --> 00:02:47,640 Speaker 1: a moment of silence for the only monarch most of 50 00:02:47,720 --> 00:02:50,560 Speaker 1: us have known. Her seventy year reign began with the 51 00:02:50,680 --> 00:02:54,160 Speaker 1: UK's recovery after World War Two and ended with the 52 00:02:54,200 --> 00:02:58,280 Speaker 1: appointment of her fifteenth Prime Minister. Queen Elizabeth the Second 53 00:02:58,360 --> 00:03:01,560 Speaker 1: ascended to the throne in nine teen fifty two and 54 00:03:01,639 --> 00:03:05,800 Speaker 1: died at the age of nineties six in Westminster Abbey. 55 00:03:05,880 --> 00:03:09,720 Speaker 1: I'm Leanne Geren's Bloomberg Daybreak. Leanne, thank you, and we 56 00:03:09,800 --> 00:03:12,760 Speaker 1: will be live from Westminster Abbey throughout the morning here 57 00:03:12,800 --> 00:03:15,800 Speaker 1: on Bloomberg Daybreak. Join us for live coverage of the 58 00:03:15,840 --> 00:03:18,440 Speaker 1: Queen's funeral coming up less than an hour from now, 59 00:03:18,800 --> 00:03:22,120 Speaker 1: Well Nathan. President Biden is among the dignitaries at today's 60 00:03:22,160 --> 00:03:25,120 Speaker 1: state funeral. But before he left for London, the President 61 00:03:25,160 --> 00:03:28,680 Speaker 1: gave a wide ranging interview to CBS IS sixty minutes. 62 00:03:28,960 --> 00:03:32,639 Speaker 1: He addressed recent tensions with China over Taiwan. There's a 63 00:03:32,720 --> 00:03:35,839 Speaker 1: one China policy that Taiwan makes their own judgments about 64 00:03:35,880 --> 00:03:39,720 Speaker 1: their independence. We are not moving, We're not encouraging or 65 00:03:39,800 --> 00:03:43,800 Speaker 1: being independent. We're not That's their decisions. But would US 66 00:03:43,840 --> 00:03:46,840 Speaker 1: forces defend the iowant, Yes, if in fact there was 67 00:03:46,840 --> 00:03:50,960 Speaker 1: an unprecedented attack. The President also says the pandemic is over, 68 00:03:51,080 --> 00:03:54,800 Speaker 1: while warning the US still faces problems with COVID. Correspondent 69 00:03:54,840 --> 00:03:58,520 Speaker 1: Scott Pelley also confronted the President about inflation. That's the 70 00:03:58,600 --> 00:04:02,720 Speaker 1: highest inflation rate, Mr President, in forty years. I got that. Well, 71 00:04:02,840 --> 00:04:05,600 Speaker 1: guess what we are. We're in a position where, for 72 00:04:05,640 --> 00:04:08,320 Speaker 1: the last several months it has its spiked and has 73 00:04:08,400 --> 00:04:12,600 Speaker 1: just barely has been basically even. President Biden also called 74 00:04:12,600 --> 00:04:15,960 Speaker 1: it totally irresponsible for a former president Trump to keep 75 00:04:16,000 --> 00:04:19,400 Speaker 1: classified documents at his home in Florida and said he'll 76 00:04:19,440 --> 00:04:22,479 Speaker 1: decide after the mid terms whether he'll run for re election. 77 00:04:22,800 --> 00:04:26,080 Speaker 1: Our listeners in Washington can hear sixty minutes every Sunday 78 00:04:26,160 --> 00:04:30,279 Speaker 1: night at ten on Bloomberg. Turning to markets now, Karen, 79 00:04:30,400 --> 00:04:32,919 Speaker 1: US futures are lower once again as we begin a 80 00:04:32,920 --> 00:04:35,640 Speaker 1: new trading week, the SMP five hundreds coming off a 81 00:04:35,640 --> 00:04:38,720 Speaker 1: loss of almost five percent last week, while two year 82 00:04:38,760 --> 00:04:41,839 Speaker 1: treasury yields into the day at three point eight seven percent. 83 00:04:42,160 --> 00:04:44,880 Speaker 1: Brian Railing is head of Global fixed income Strategy at 84 00:04:44,880 --> 00:04:47,960 Speaker 1: Wells Fargo Investment Institute. Yeah, well, the pick tinker market 85 00:04:48,000 --> 00:04:50,840 Speaker 1: has been giving alarm bells here since June with the 86 00:04:50,920 --> 00:04:55,960 Speaker 1: yield curve and verden And you know that inversion maintains itself. 87 00:04:56,120 --> 00:04:58,520 Speaker 1: Um uh. You know if you look at just two 88 00:04:58,600 --> 00:05:01,400 Speaker 1: to tens almost forty based these points inverted there, so 89 00:05:02,040 --> 00:05:04,839 Speaker 1: um it's saying that rough times head for the economy. 90 00:05:05,000 --> 00:05:08,240 Speaker 1: Wells fargoes Brian Railing thinks the Fed will eventually win 91 00:05:08,320 --> 00:05:12,200 Speaker 1: its fight against inflation. Well Nathan. We're also seeing weakness 92 00:05:12,279 --> 00:05:15,479 Speaker 1: this morning in Asia. Chinese stocks listed in Hong Kong 93 00:05:15,560 --> 00:05:19,240 Speaker 1: are in a bear market territory. Beijing's COVID zero strategy 94 00:05:19,279 --> 00:05:23,040 Speaker 1: and a property market slump are dampening sentiment. Losses for 95 00:05:23,080 --> 00:05:26,840 Speaker 1: the hang sing China Enterprises Index have now reached a 96 00:05:26,920 --> 00:05:29,720 Speaker 1: level that marks the start of a bear market. Well. 97 00:05:29,720 --> 00:05:31,800 Speaker 1: The direction of markets this week, Karen may well be 98 00:05:31,880 --> 00:05:35,400 Speaker 1: determined by some key policy decisions around the world. The 99 00:05:35,400 --> 00:05:38,280 Speaker 1: FED leads the parade. In the coming days, we get 100 00:05:38,279 --> 00:05:42,479 Speaker 1: a preview from Bloomberg Economics correspondent Michael McKee. Interest rates 101 00:05:42,600 --> 00:05:45,320 Speaker 1: lead the news this week, with twelve central banks set 102 00:05:45,360 --> 00:05:48,240 Speaker 1: to change policy on Wednesday and Thursday. The FED, the 103 00:05:48,240 --> 00:05:51,039 Speaker 1: Bank of England, and the Swiss National Bank are the biggest, 104 00:05:51,080 --> 00:05:53,240 Speaker 1: and the most market attention will be on the FED. 105 00:05:53,440 --> 00:05:56,200 Speaker 1: US policymakers are forecast to raise the U S benchmark 106 00:05:56,240 --> 00:05:59,719 Speaker 1: interest rate by three quarters percentage point to arrange between 107 00:05:59,800 --> 00:06:02,200 Speaker 1: three and three and a quarter percent. In the UK, 108 00:06:02,400 --> 00:06:05,280 Speaker 1: forecasters think the bank will raise that nation's base rate 109 00:06:05,320 --> 00:06:07,800 Speaker 1: by half a percent to two and a quarter percent, 110 00:06:07,880 --> 00:06:10,359 Speaker 1: but still rising inflation has some bedding. The b o 111 00:06:10,400 --> 00:06:13,479 Speaker 1: E will raise by three quarters Switzerland is forecast to 112 00:06:13,520 --> 00:06:16,920 Speaker 1: see it's benchmark turn positive, rising to half a percent 113 00:06:17,000 --> 00:06:19,599 Speaker 1: from a negative quarter percent. Back In the US, the 114 00:06:19,640 --> 00:06:22,560 Speaker 1: week is light on economic data, with housing starts on 115 00:06:22,600 --> 00:06:26,279 Speaker 1: Tuesday and jobless claims Thursday the major numbers. Michael McKee 116 00:06:26,320 --> 00:06:29,520 Speaker 1: Bloomberg Daybreak Right, Mike, thank you. The White House, of course, 117 00:06:29,520 --> 00:06:32,359 Speaker 1: will be closely watching this week's fan decision, and economic 118 00:06:32,400 --> 00:06:36,400 Speaker 1: advisor Jared Bernstein says, even though inflation is uncomfortably high, 119 00:06:36,720 --> 00:06:39,359 Speaker 1: the fan has helped to cool the housing market. We 120 00:06:39,440 --> 00:06:42,000 Speaker 1: know that the federal reserves in a hiking cycle to 121 00:06:42,040 --> 00:06:45,039 Speaker 1: try to dampen those inflationary pressures as they should be. 122 00:06:45,320 --> 00:06:48,520 Speaker 1: We know that's cooling off an overheated housing market. And 123 00:06:48,560 --> 00:06:51,640 Speaker 1: White House Economic advisor Jared Bernstein made the comments on 124 00:06:51,680 --> 00:06:55,119 Speaker 1: Funk's News Sunday. Catch the program every week on Bloomberg Radio. 125 00:06:55,480 --> 00:06:59,159 Speaker 1: The prospect of higher interestrates is affecting cryptocurrencies. This morning, 126 00:06:59,200 --> 00:07:01,599 Speaker 1: Bitcoin is on the verge of sinking to its lowest 127 00:07:01,640 --> 00:07:05,320 Speaker 1: level since Right now, bitcoins trading at about eighteen thousand, 128 00:07:05,520 --> 00:07:09,479 Speaker 1: four hundred thirty dollars SMP futures are down thirty points down. 129 00:07:09,480 --> 00:07:12,880 Speaker 1: Futures down two twenty six and NASTAC futures are lower 130 00:07:12,920 --> 00:07:15,840 Speaker 1: by a hundred seven points. Straight ahead, your latest local 131 00:07:15,880 --> 00:07:23,200 Speaker 1: headlines and a check of sports. This is Bloomberg and 132 00:07:23,240 --> 00:07:25,239 Speaker 1: it's five oh seven on Wall Street where it's seventy 133 00:07:25,240 --> 00:07:28,240 Speaker 1: one degrees in Central Park. We've got an accident investigation 134 00:07:28,360 --> 00:07:31,720 Speaker 1: close to the northbound Connecticut Turnpike between Eggsits eight and nine. 135 00:07:32,120 --> 00:07:34,960 Speaker 1: Details coming up in traffic. First, Michael Barr with what 136 00:07:35,040 --> 00:07:37,360 Speaker 1: else is going on in New York and around the world. 137 00:07:37,360 --> 00:07:40,440 Speaker 1: Good morning, Michael, Good morning Nathan. The United Nations General 138 00:07:40,440 --> 00:07:44,360 Speaker 1: Assembly is back in Manhattan and sense COVID restrictions have ease. 139 00:07:44,480 --> 00:07:48,000 Speaker 1: It will mean the return of gridlock alerts. According to 140 00:07:48,040 --> 00:07:51,040 Speaker 1: the NYPD, will be the largest UN General Assembly in 141 00:07:51,120 --> 00:07:54,320 Speaker 1: recent years, as the city will welcome about a hundred 142 00:07:54,360 --> 00:07:57,600 Speaker 1: forty heads of state. The police say that there is 143 00:07:57,640 --> 00:08:01,320 Speaker 1: no threat. However, thousands of officers will be on you 144 00:08:01,440 --> 00:08:06,440 Speaker 1: in patrol this weekend. More buses dumped migrants in northern cities. 145 00:08:06,520 --> 00:08:10,280 Speaker 1: Buses that arrived un announced, sent mostly by the Texas governor. 146 00:08:10,680 --> 00:08:13,560 Speaker 1: More busses of migrants and asylum seekers arrived in New 147 00:08:13,640 --> 00:08:17,080 Speaker 1: York City. Mayor Eric Adams is begging four heads up 148 00:08:17,120 --> 00:08:20,480 Speaker 1: and to work with Texas Governor Greg Abbott well sending them, 149 00:08:20,480 --> 00:08:23,720 Speaker 1: sending them on a forty five hour ride without any 150 00:08:23,760 --> 00:08:27,520 Speaker 1: proper food, water, or medical care. We reached out and 151 00:08:27,600 --> 00:08:31,160 Speaker 1: stated that let's coordinate and broke together so we can 152 00:08:31,200 --> 00:08:33,679 Speaker 1: deal with this crisis together. They refused to do so. 153 00:08:34,200 --> 00:08:36,800 Speaker 1: Adam spoke on ABC's This Week, which can be heard 154 00:08:36,800 --> 00:08:40,840 Speaker 1: Sundays on Bloomberg. Meanwhile, Republican Florida governing around the Santis 155 00:08:40,840 --> 00:08:44,720 Speaker 1: slam the number of migrants crossing the southern border, praising 156 00:08:44,800 --> 00:08:49,000 Speaker 1: flying fifty migrants from Texas unannounced to Martha's Vineyard and 157 00:08:49,120 --> 00:08:53,560 Speaker 1: dropping them in the sanctuary jurisdiction. They said they're a 158 00:08:53,640 --> 00:08:58,880 Speaker 1: sanctuary city. They say that nobody, no human being, is illegal. 159 00:08:59,080 --> 00:09:03,000 Speaker 1: Everyone's well. Governor de Santis traveled to Green Bay, Wisconsin 160 00:09:03,080 --> 00:09:07,000 Speaker 1: yesterday to stump for Republicans and tight election races. Beyond 161 00:09:07,040 --> 00:09:11,120 Speaker 1: Martha's Vineyard, migrants are also being sent to Chicago and Washington, 162 00:09:11,200 --> 00:09:14,199 Speaker 1: d C. Hurricane Fiona is bearing down on the Dominican 163 00:09:14,240 --> 00:09:17,720 Speaker 1: Republic after knocking out the power grid and unleashing floods 164 00:09:17,760 --> 00:09:20,520 Speaker 1: and landslides in Puerto Rico, where the governor said the 165 00:09:20,600 --> 00:09:25,040 Speaker 1: damage was kintastrophic. Governor Pedro Pier Lucy says, although Fiona 166 00:09:25,120 --> 00:09:29,000 Speaker 1: is nowhere near as fierce as twenty seventeen Hurricane Maria, 167 00:09:29,080 --> 00:09:32,960 Speaker 1: which cured literally three thousand people there, the islands emergency 168 00:09:33,000 --> 00:09:36,800 Speaker 1: response units are taking no chances. We're much in a 169 00:09:36,880 --> 00:09:40,800 Speaker 1: much better position than we were five years ago. The 170 00:09:40,880 --> 00:09:44,840 Speaker 1: storm is forecast unleashed torrential rain across Puerto Rico today, 171 00:09:44,880 --> 00:09:48,560 Speaker 1: according to Governor Perlucy, a new NBC poll shows President 172 00:09:48,559 --> 00:09:50,959 Speaker 1: Biden's approval rating is at forty five percent. That's the 173 00:09:51,000 --> 00:09:54,320 Speaker 1: highest sense October Global News twenty four hours a day 174 00:09:54,360 --> 00:09:57,200 Speaker 1: on air and on Bloomberg Quicktake Power by more than 175 00:09:57,280 --> 00:10:00,000 Speaker 1: twenty seven hundred journalists analysts more than a hundred twenty counts. 176 00:10:00,000 --> 00:10:03,360 Speaker 1: He's Michael barn This is Bloomberg, Nathan. Thank you, Michael. 177 00:10:08,120 --> 00:10:09,920 Speaker 1: Coming up to five ten on Wall Street time for 178 00:10:09,960 --> 00:10:13,240 Speaker 1: the Bloomberg Sports Up Day. Good Morning, John Stash Hourday Morning, Nathan. 179 00:10:13,240 --> 00:10:15,480 Speaker 1: A day in New York sports unlike any since two 180 00:10:15,480 --> 00:10:19,040 Speaker 1: thousand nine. The Jets, Giants, Mets, and Yankees all one. 181 00:10:19,200 --> 00:10:22,360 Speaker 1: None more surprisingly than the Jets. They lost thirteen in 182 00:10:22,360 --> 00:10:25,040 Speaker 1: a row. In September. They trailed in Cleveland by thirteen 183 00:10:25,080 --> 00:10:27,760 Speaker 1: with less than two minutes to play. Suddenly a Joe 184 00:10:27,800 --> 00:10:30,760 Speaker 1: Flacco sixty six yard touchdown pass to Corey Davis, a 185 00:10:30,840 --> 00:10:33,520 Speaker 1: recovery but on side kick in a game winning TV 186 00:10:33,960 --> 00:10:36,680 Speaker 1: twenty five seconds to go good Jets down by six. 187 00:10:37,480 --> 00:10:41,000 Speaker 1: Clacom takes the shotguns, stop and drop. What's up? The 188 00:10:41,040 --> 00:10:48,400 Speaker 1: Sea fives touchdown God Louison's US, but Jets to a 189 00:10:48,600 --> 00:10:52,800 Speaker 1: point after a whey but taking the league esp seven 190 00:10:52,880 --> 00:10:55,439 Speaker 1: Jets thirty one, Browns thirty Giants or two and oh. 191 00:10:55,480 --> 00:10:57,760 Speaker 1: Graham Gonna kicked four field goals, the last was fifty 192 00:10:57,800 --> 00:11:00,320 Speaker 1: six yards three. It happenutes to go. Giants beat Airline 193 00:11:00,320 --> 00:11:02,440 Speaker 1: that met Life nineteen to sixty and the only other 194 00:11:02,679 --> 00:11:05,640 Speaker 1: two and oh teams or Tampa Bay Miami in Kansas 195 00:11:05,679 --> 00:11:08,679 Speaker 1: City last night, Green Baby Chicago big injury yesterday, Forts 196 00:11:08,720 --> 00:11:10,920 Speaker 1: quarterback Trade Lands heard his ankle done for the year, 197 00:11:11,320 --> 00:11:13,920 Speaker 1: so Jimmy Garoppolo, who the Niners decided to keep as 198 00:11:13,920 --> 00:11:16,800 Speaker 1: a backup, gets his old job back. Yankees able to 199 00:11:16,840 --> 00:11:19,400 Speaker 1: salvage one in Milwaukee. They trailed early, but one twelve 200 00:11:19,480 --> 00:11:21,760 Speaker 1: to eight. They hit five home runs. Anthony Rizzo and 201 00:11:21,760 --> 00:11:24,080 Speaker 1: his return to the lineup Aaron Hicks rookie is Waldo 202 00:11:24,160 --> 00:11:28,040 Speaker 1: Cabrera and yes two more for Aaron Jodge solo shot 203 00:11:28,040 --> 00:11:30,240 Speaker 1: to right field and the third inning solo shot to 204 00:11:30,360 --> 00:11:33,920 Speaker 1: left and the seventh He's at fifty nine homers sixteen 205 00:11:34,040 --> 00:11:37,520 Speaker 1: games left, Judge only two away from tying Roger Marrits. 206 00:11:37,520 --> 00:11:39,880 Speaker 1: Mats finished four games weep with the Privates seven to three. 207 00:11:39,920 --> 00:11:43,800 Speaker 1: The Mets used four pitchers. They combined for twenty strikeouts 208 00:11:43,840 --> 00:11:47,600 Speaker 1: that ties the single game MLB record. John Stashward Bloomberg 209 00:11:47,600 --> 00:11:50,400 Speaker 1: Sports Nathan, Thank you John. Right now, SMP futures are 210 00:11:50,400 --> 00:11:52,920 Speaker 1: down thirty points down, futures down two D twenty eight 211 00:11:52,920 --> 00:11:55,520 Speaker 1: and NASTAC futures are lower by a hundred seven points. 212 00:11:55,800 --> 00:11:58,800 Speaker 1: US treasuries trading is on hold for holidays in Japan 213 00:11:59,000 --> 00:12:01,760 Speaker 1: and in the UK. Had the state funeral the Queen 214 00:12:01,760 --> 00:12:08,480 Speaker 1: Elizabeth the second. This is Bloomberg Bloomberg eleven three oh weather. 215 00:12:08,559 --> 00:12:12,080 Speaker 1: Increasing clouds today, some showers and thundershowers developing this afternoon. 216 00:12:12,120 --> 00:12:14,199 Speaker 1: Highs in the upper in the mid eighties, will be 217 00:12:14,240 --> 00:12:17,360 Speaker 1: in the low eighties under sunshine tomorrow and Wednesday. Right 218 00:12:17,360 --> 00:12:25,480 Speaker 1: now in Central Park Markets, headlines and breaking news twenty 219 00:12:25,480 --> 00:12:28,320 Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg 220 00:12:28,360 --> 00:12:31,920 Speaker 1: Business Out and at Bloomberg Quicktake. This is a Bloomberg 221 00:12:32,000 --> 00:12:41,480 Speaker 1: Business Flash and I'm Karen Moscow. And stocks are lower 222 00:12:41,520 --> 00:12:44,800 Speaker 1: and a conscious start to the day as investors away 223 00:12:44,800 --> 00:12:47,160 Speaker 1: a slew of interest rate decisions in the days ahead 224 00:12:47,200 --> 00:12:50,240 Speaker 1: and after global equities notched their worst week since hitting 225 00:12:50,280 --> 00:12:53,000 Speaker 1: this year's low in June. And we checked the markets 226 00:12:53,040 --> 00:12:56,000 Speaker 1: every fifteen minutes throughout the trading day on Bloomberg. Right now, 227 00:12:56,080 --> 00:12:59,520 Speaker 1: futures are lower, SNP futures down thirty four points down, 228 00:12:59,600 --> 00:13:02,480 Speaker 1: futures down two hundred fifty six, and NASDACK futures down 229 00:13:02,480 --> 00:13:05,560 Speaker 1: one hundred eighteen. The decks in Germany's down six tents 230 00:13:05,559 --> 00:13:08,800 Speaker 1: of upper cent. We're waiting for treasuries to begin trading 231 00:13:08,840 --> 00:13:11,439 Speaker 1: today as markets in Japan and London are closed. The 232 00:13:11,559 --> 00:13:13,679 Speaker 1: nime X screwed oils down one and a half percent 233 00:13:13,720 --> 00:13:16,200 Speaker 1: on a dollar thirty one and eighty three dollars eighty 234 00:13:16,280 --> 00:13:18,720 Speaker 1: cents of Barrel Comic School down seven tenths per cent 235 00:13:18,840 --> 00:13:21,760 Speaker 1: or eleven dollars twenty cents at sixteen seventy two thirty 236 00:13:21,760 --> 00:13:25,280 Speaker 1: announced the euro point seven six against the dollar the 237 00:13:25,400 --> 00:13:28,679 Speaker 1: end one forty three point four five. I'm looking at bitcoin. 238 00:13:28,720 --> 00:13:31,520 Speaker 1: It's down amost seven percent. It's at eighteen thousand, four 239 00:13:31,600 --> 00:13:34,480 Speaker 1: hundred dollars. And that's a Bloomberg business flash. Now here's 240 00:13:34,480 --> 00:13:37,320 Speaker 1: Michael Barr with more on what's going on around the world. Michael, 241 00:13:37,400 --> 00:13:40,080 Speaker 1: thank you very much, Karen. Today is the state funeral 242 00:13:40,160 --> 00:13:44,040 Speaker 1: for Queen Elizabeth A second millions will say a final goodbye. 243 00:13:44,200 --> 00:13:46,880 Speaker 1: President Blight and First Lady are in London for the funeral, 244 00:13:46,920 --> 00:13:50,400 Speaker 1: and of course you'll hear the funeral live on Bloomberg 245 00:13:50,440 --> 00:13:54,040 Speaker 1: starting around six am. All of Puerto Rico is without 246 00:13:54,040 --> 00:13:57,760 Speaker 1: power after Hurricane Fiona crass shore Sunday. The storm hit 247 00:13:57,800 --> 00:14:00,840 Speaker 1: the island as a Category one hurricane. In the NFL, 248 00:14:00,880 --> 00:14:03,880 Speaker 1: the Giants and Jets won. The Patriots and forty Niners 249 00:14:03,960 --> 00:14:07,840 Speaker 1: were also winners. The Ravens lost. Baseball, the Yankees beat 250 00:14:07,880 --> 00:14:10,640 Speaker 1: the Brewers twelve eight. Aaron Judge, who is fifty eighth 251 00:14:10,679 --> 00:14:13,280 Speaker 1: and fifty ninth home runs of the season to move 252 00:14:13,320 --> 00:14:16,560 Speaker 1: within in two of Roger Meras is American League record. 253 00:14:16,840 --> 00:14:19,600 Speaker 1: The Mats one, along with the Orioles. The Nationals, A's 254 00:14:19,680 --> 00:14:23,080 Speaker 1: and Giants lost. Global News twenty four hours a day 255 00:14:23,160 --> 00:14:26,200 Speaker 1: on air and on Bloomberg Quicktake, powered by more than 256 00:14:26,280 --> 00:14:28,800 Speaker 1: twenty seven hundred journalists and analysts more than a hundred 257 00:14:28,800 --> 00:14:32,080 Speaker 1: twenty countries. I'm Michael Barr and this is Bloomberg, Nathan. 258 00:14:32,240 --> 00:14:34,960 Speaker 1: Thank you, Michael. It is five nineteen on Wall Street 259 00:14:35,280 --> 00:14:39,040 Speaker 1: ten nineteen in London, live from the Bloomberg Interactive Broker Studios. 260 00:14:39,120 --> 00:14:42,960 Speaker 1: This is Bloomberg Daybreak and this morning the dignitaries are arriving, 261 00:14:43,000 --> 00:14:46,800 Speaker 1: including leaders from around the world, for the culmination of 262 00:14:46,960 --> 00:14:50,359 Speaker 1: more than a week of official morning for Queen Elizabeth. 263 00:14:50,480 --> 00:14:53,560 Speaker 1: This second, let's go live to Westminster Abbey ahead of 264 00:14:53,600 --> 00:14:57,880 Speaker 1: the Queen's state funeral. Bloomberg's Leanne Garon's is there with 265 00:14:58,120 --> 00:15:02,440 Speaker 1: the very latest LeeAnne. Just an incredible scene we're watching 266 00:15:02,480 --> 00:15:05,000 Speaker 1: along with you. Can you sort of set it for 267 00:15:05,080 --> 00:15:08,560 Speaker 1: us and what we're expecting when this state funeral begins 268 00:15:08,560 --> 00:15:14,160 Speaker 1: in the next hour. Good morning to you, Nathan, and 269 00:15:14,280 --> 00:15:16,920 Speaker 1: as you said, an incredible scene. Most of the seats 270 00:15:16,920 --> 00:15:20,320 Speaker 1: of Westminster Abbey are now filling up as the world 271 00:15:20,320 --> 00:15:24,160 Speaker 1: prepares to say their final goodbye to Queen Elizabeth, the 272 00:15:24,280 --> 00:15:27,920 Speaker 1: UK's longest serving monarch. We actually just saw the b 273 00:15:28,120 --> 00:15:31,080 Speaker 1: s drive past us about ten minutes ago. We now 274 00:15:31,120 --> 00:15:34,200 Speaker 1: know that the US President Joe Biden, has taken his 275 00:15:34,320 --> 00:15:37,520 Speaker 1: seat inside of the abbey ahead of the funeral that 276 00:15:37,600 --> 00:15:41,040 Speaker 1: does begin at eleven o'clock. And a little earlier we 277 00:15:41,080 --> 00:15:45,160 Speaker 1: saw a military parade that was taking place, a procession 278 00:15:45,240 --> 00:15:50,120 Speaker 1: that was moving down to make its way towards Westminster Hall. 279 00:15:50,520 --> 00:15:53,320 Speaker 1: Now that is where the Queen has been lying in 280 00:15:53,480 --> 00:15:56,480 Speaker 1: state for the last four and a half days, and 281 00:15:56,520 --> 00:16:01,160 Speaker 1: we will see members of the Royal Marines actually pull 282 00:16:01,240 --> 00:16:05,160 Speaker 1: her coffin towards Westminster Abbey. The carriage will be on 283 00:16:05,240 --> 00:16:07,880 Speaker 1: top of that and it will be eight minutes to 284 00:16:08,160 --> 00:16:11,760 Speaker 1: the abbey. It sounds so peaceful from where you are, 285 00:16:11,800 --> 00:16:14,040 Speaker 1: and I think I can just make out the tolling 286 00:16:14,080 --> 00:16:16,800 Speaker 1: of the bell. I've heard that they're ringing the bell 287 00:16:17,360 --> 00:16:22,000 Speaker 1: at Westminster Abbey uh once every minute for nineties six 288 00:16:22,120 --> 00:16:25,920 Speaker 1: minutes to mark each year of the queen's life. Just 289 00:16:26,040 --> 00:16:29,240 Speaker 1: described for us what it's like, what it's been like 290 00:16:29,680 --> 00:16:32,040 Speaker 1: to be in London over the last week when we've 291 00:16:32,080 --> 00:16:37,560 Speaker 1: seen just this this incredible outpouring of public grief for 292 00:16:37,600 --> 00:16:45,200 Speaker 1: the queen. One thing that has been momentous has been 293 00:16:45,240 --> 00:16:48,520 Speaker 1: the queue that we've seen. We've just seen hundreds of 294 00:16:48,640 --> 00:16:52,440 Speaker 1: thousands of people queue up to view the Queen Lyne 295 00:16:52,440 --> 00:16:55,360 Speaker 1: in state in Westminster Hall. And on the very first 296 00:16:55,400 --> 00:16:57,840 Speaker 1: day that c began, Nathan I actually went to go 297 00:16:58,040 --> 00:17:00,720 Speaker 1: and speak to people and they said to me, we've 298 00:17:00,760 --> 00:17:04,040 Speaker 1: got four hours in the queue. That's nothing compared to 299 00:17:04,080 --> 00:17:07,600 Speaker 1: the seventy years Queen Elizabeth dedicated to us. On the 300 00:17:07,680 --> 00:17:11,439 Speaker 1: last day, I've been standing outside as the last people 301 00:17:11,600 --> 00:17:14,840 Speaker 1: made their way through that viewing hall to see the 302 00:17:14,920 --> 00:17:17,240 Speaker 1: Queen lying in state and they said to me, we've 303 00:17:17,280 --> 00:17:20,679 Speaker 1: been here for fifteen hours, but it was still worth it. 304 00:17:21,000 --> 00:17:24,040 Speaker 1: So this outpouring of love that we have seen, and 305 00:17:24,119 --> 00:17:27,640 Speaker 1: about two million people are predicted to line the streets 306 00:17:27,640 --> 00:17:30,800 Speaker 1: of London today to pay their final respects to the Queen, 307 00:17:31,160 --> 00:17:34,400 Speaker 1: and this is going to be a huge operation for 308 00:17:34,520 --> 00:17:37,840 Speaker 1: the police here in London. The Metropolitan Police had locked 309 00:17:37,840 --> 00:17:40,480 Speaker 1: down this area in the last half an hour as 310 00:17:40,520 --> 00:17:42,520 Speaker 1: we do see what they're calling this a ring of 311 00:17:42,680 --> 00:17:47,840 Speaker 1: steel now surrounding the abbey and monuments here in London 312 00:17:47,880 --> 00:17:52,040 Speaker 1: because we've got so many dignitaries, foreign leaders and foreign 313 00:17:52,080 --> 00:17:55,600 Speaker 1: royals and of course our very own royal family. Yeah, 314 00:17:55,640 --> 00:17:58,760 Speaker 1: I was going to say that with so many world 315 00:17:58,880 --> 00:18:02,400 Speaker 1: leaders gathered there. It's seen one headline describing it as 316 00:18:02,440 --> 00:18:05,959 Speaker 1: almost a quasi un General Assembly that was, you know, 317 00:18:06,040 --> 00:18:09,440 Speaker 1: still getting underway in New York. But with so many 318 00:18:09,520 --> 00:18:12,680 Speaker 1: leaders now there to pay their respects to Queen Elizabeth, 319 00:18:12,720 --> 00:18:16,400 Speaker 1: I have to imagine that this is just an incredible 320 00:18:17,080 --> 00:18:22,280 Speaker 1: security event, if not just a moment of grief for 321 00:18:22,320 --> 00:18:29,240 Speaker 1: this country. Well, this is probably the biggest security event 322 00:18:29,400 --> 00:18:32,119 Speaker 1: we've ever seen here, and that's something that the London 323 00:18:32,160 --> 00:18:36,080 Speaker 1: Merceditkan has said. He said it surpasses the twenty twelve 324 00:18:36,119 --> 00:18:38,919 Speaker 1: Olympic Games that were held here in London, and it 325 00:18:39,040 --> 00:18:42,400 Speaker 1: is also bigger than the Platinum Jubilee which was just 326 00:18:42,480 --> 00:18:45,720 Speaker 1: a three months ago, and Kayton William's wedding was a 327 00:18:45,840 --> 00:18:49,120 Speaker 1: huge event in London. I remember going out on the streets, 328 00:18:49,320 --> 00:18:52,280 Speaker 1: but this is all of that wrapped into one. Tens 329 00:18:52,320 --> 00:18:55,240 Speaker 1: of thousands of police officers on the ground, Nathan, I 330 00:18:55,320 --> 00:18:58,320 Speaker 1: can't tell you how many police officers I can see 331 00:18:58,400 --> 00:19:02,000 Speaker 1: as I sit here and we are waiting for the 332 00:19:02,080 --> 00:19:06,280 Speaker 1: Queen to be moved to Westminster Abbey. There's helicopters flying 333 00:19:06,320 --> 00:19:11,239 Speaker 1: over ahead, and um, it's just a remarkable moment for 334 00:19:11,280 --> 00:19:14,679 Speaker 1: the police team in London. They have orchestrated this for 335 00:19:14,840 --> 00:19:17,640 Speaker 1: years in the making, and we also have a lot 336 00:19:17,680 --> 00:19:21,560 Speaker 1: of the armed forces on the street and every single place. 337 00:19:21,640 --> 00:19:24,639 Speaker 1: Force from across the country have gathered together and are 338 00:19:24,720 --> 00:19:29,119 Speaker 1: working together to make this as safe as possible. Incredible 339 00:19:29,200 --> 00:19:32,280 Speaker 1: undertaking that gets underway in just a little more than 340 00:19:32,320 --> 00:19:36,560 Speaker 1: a half hour's time, with the dignitaries now pretty much 341 00:19:36,640 --> 00:19:39,639 Speaker 1: in their seats now and we await the procession of 342 00:19:39,960 --> 00:19:44,960 Speaker 1: Queen Elizabeth to Westminster Abbey for that state funeral. Stay 343 00:19:45,000 --> 00:19:48,760 Speaker 1: with Bloomberg Daybreak. We will be bringing you special extended 344 00:19:48,800 --> 00:19:52,959 Speaker 1: coverage of the Queen's funeral right here on Bloomberg Radio. 345 00:19:53,400 --> 00:19:57,080 Speaker 1: Ahead of that, it's just about five on Wall Street. 346 00:19:57,119 --> 00:19:59,359 Speaker 1: We want to turn to the market sketches set for 347 00:19:59,400 --> 00:20:03,000 Speaker 1: this neutral eating week. For that, we're joined by Lori Calvacina, 348 00:20:03,160 --> 00:20:07,200 Speaker 1: head of US Equity Strategy at RBC Capital Markets. Lorie, 349 00:20:07,359 --> 00:20:09,719 Speaker 1: great to speak with you. As always, of course, a 350 00:20:09,720 --> 00:20:11,719 Speaker 1: lot of the focus this week is going to be 351 00:20:11,800 --> 00:20:15,320 Speaker 1: on what the central banks do, particularly the Federal Reserve, 352 00:20:15,440 --> 00:20:19,240 Speaker 1: as we watch stocks around the world continue to fall. 353 00:20:19,800 --> 00:20:24,119 Speaker 1: Have market Westminster, Andy, what we can expect today is. 354 00:20:24,440 --> 00:20:27,639 Speaker 1: The Queen will be escorted the coffin draped in the 355 00:20:27,720 --> 00:20:31,639 Speaker 1: Royal standard, carried on the state gun carriage. The Royal 356 00:20:31,680 --> 00:20:35,959 Speaker 1: Marines will lead that procession around Parliament Square behind scenior 357 00:20:36,000 --> 00:20:39,680 Speaker 1: members of the royal family, including her children and the King. 358 00:20:40,080 --> 00:20:42,439 Speaker 1: The procession will enter the great West door of the 359 00:20:42,440 --> 00:20:45,679 Speaker 1: Abbey at exactly eleven o'clock and that will mark the 360 00:20:45,800 --> 00:20:49,320 Speaker 1: start of the funeral. Bloomberg leanne Garan. So we'll be 361 00:20:49,400 --> 00:20:51,800 Speaker 1: with us live all morning and stay with us for 362 00:20:51,960 --> 00:20:54,840 Speaker 1: special coverage of the Queen's funeral in just a few 363 00:20:54,840 --> 00:20:59,040 Speaker 1: minutes right here on Bloomberg Daybreak mccaren. President Biden is 364 00:20:59,080 --> 00:21:02,080 Speaker 1: among the dignitary he's attending the state funeral. But before 365 00:21:02,119 --> 00:21:05,000 Speaker 1: he left for London, the President gave a wide ranging 366 00:21:05,040 --> 00:21:08,680 Speaker 1: interview to CBS is Scott Pelley on sixty minutes. They 367 00:21:08,680 --> 00:21:13,280 Speaker 1: discussed recent tensions with China over Taiwan. Would US forces 368 00:21:13,359 --> 00:21:15,840 Speaker 1: defend the island, Yes, if in fact there was an 369 00:21:15,880 --> 00:21:19,520 Speaker 1: unprecedented attack. Well afterwards, a White House official said US 370 00:21:19,600 --> 00:21:24,840 Speaker 1: policy of strategic ambiguity regarding Taiwan hasn't changed. President Biden 371 00:21:24,880 --> 00:21:27,679 Speaker 1: also talked about his intention to run for president again 372 00:21:27,720 --> 00:21:33,320 Speaker 1: in four, but it's just an attention. But as it 373 00:21:33,400 --> 00:21:36,280 Speaker 1: a firm decision that I've run again, Veaptor managed to 374 00:21:36,320 --> 00:21:38,919 Speaker 1: be seen and President says the decision while on that 375 00:21:38,960 --> 00:21:42,080 Speaker 1: will come after November's mid terms. The President also made 376 00:21:42,080 --> 00:21:44,840 Speaker 1: news saying he expects the US to control inflation and 377 00:21:44,880 --> 00:21:48,280 Speaker 1: avoid a recession. He also thinks the COVID nineteen pandemic 378 00:21:48,440 --> 00:21:51,879 Speaker 1: is over. Bloomberg listeners in Washington can hear sixty minutes 379 00:21:51,960 --> 00:21:55,879 Speaker 1: every Sunday night at ten on Bloomberg. Well, we turned 380 00:21:55,880 --> 00:21:58,760 Speaker 1: to the markets now, Nathan, and US futures are lower 381 00:21:58,760 --> 00:22:00,960 Speaker 1: as he began a neutral rating week. The S and 382 00:22:01,000 --> 00:22:03,360 Speaker 1: P five hundred is coming off a loss of almost 383 00:22:03,400 --> 00:22:06,600 Speaker 1: five percent last week, and we're seeing weekness in Asia 384 00:22:06,680 --> 00:22:10,920 Speaker 1: at Chinese stocks listed in Hong Kong and bear market territory. Well, 385 00:22:10,960 --> 00:22:14,600 Speaker 1: this week's big market moving event comes Wednesday, Karen. That 386 00:22:14,800 --> 00:22:17,680 Speaker 1: is when we get the Federal Reserve's latest policy decision. 387 00:22:18,000 --> 00:22:20,760 Speaker 1: Chairman J. Powell is expected to raise interest rates by 388 00:22:20,800 --> 00:22:24,280 Speaker 1: either seventy five or one hundred basis points, and the 389 00:22:24,320 --> 00:22:28,520 Speaker 1: prospect of higher rates is impacting cryptocurrencies. This morning, Nathan 390 00:22:28,600 --> 00:22:31,560 Speaker 1: bitcoins on the verge of sinking to its lowest level 391 00:22:31,600 --> 00:22:36,240 Speaker 1: since twenty and checking bitcoin right now, it is moving lower. 392 00:22:36,320 --> 00:22:38,640 Speaker 1: It's down more than six and a half percent. It's 393 00:22:38,640 --> 00:22:42,720 Speaker 1: at eighteen thousand, four hundred dollars and again futures are 394 00:22:42,760 --> 00:22:46,880 Speaker 1: also lower. SNP futures down thirty seven points down, futures 395 00:22:46,920 --> 00:22:50,199 Speaker 1: down two hundred eighty one and NASDAG futures down one 396 00:22:50,320 --> 00:22:53,480 Speaker 1: hundred twenties seven. The decks in Germany's down nine tenths 397 00:22:53,520 --> 00:22:56,240 Speaker 1: of upper cent and the CAC in Paris is down 398 00:22:56,280 --> 00:23:00,160 Speaker 1: one point six percent nine next, Scrude oil low are 399 00:23:00,200 --> 00:23:02,720 Speaker 1: down about two percent. It's down a dollar sixty eight 400 00:23:02,760 --> 00:23:05,880 Speaker 1: at eighty three dollars forty three cents a barrel. Comics 401 00:23:05,920 --> 00:23:09,399 Speaker 1: gold down three quarters of a percent on twelve dollars 402 00:23:09,440 --> 00:23:12,640 Speaker 1: eighty cents at sixteen seventies seventy an ounce. We are 403 00:23:12,680 --> 00:23:15,680 Speaker 1: waiting for treasuries to begin trading today as markets in 404 00:23:15,760 --> 00:23:19,560 Speaker 1: Japan and London are closed. Taking a look at currencies, 405 00:23:19,600 --> 00:23:23,280 Speaker 1: the euro at point seven three against the dollar, British 406 00:23:23,280 --> 00:23:26,280 Speaker 1: pound one point one three six five and the end 407 00:23:26,280 --> 00:23:29,199 Speaker 1: at one forty three point four six. Straight ahead your 408 00:23:29,280 --> 00:23:33,440 Speaker 1: latest local headlines, plus a check of sports, and this 409 00:23:33,960 --> 00:23:39,840 Speaker 1: is bloom. Thank you, caring. It's five thirty three on 410 00:23:39,840 --> 00:23:42,440 Speaker 1: Wall Street where at seventy one degrees in Central Park. 411 00:23:42,560 --> 00:23:45,800 Speaker 1: Still dealing with the accident investigation in Stamford. Northbound Connecticut 412 00:23:45,880 --> 00:23:49,000 Speaker 1: Turnpike closed at exit eight. Details coming up in traffic. 413 00:23:49,040 --> 00:23:51,040 Speaker 1: First Michael Barr with what else is going on in 414 00:23:51,040 --> 00:23:53,639 Speaker 1: New York and around the world. Michael, thank you very much, Nathan. 415 00:23:53,640 --> 00:23:57,480 Speaker 1: The United Nations General Assembly is back in Manhattan and 416 00:23:57,520 --> 00:24:00,000 Speaker 1: sends COVID restrictions have ease. It will mean the return 417 00:24:00,000 --> 00:24:04,280 Speaker 1: earn of gridlock alerts. According to the NYPD, will be 418 00:24:04,320 --> 00:24:07,200 Speaker 1: the largest UN General Assembly in recent years, and the 419 00:24:07,320 --> 00:24:10,520 Speaker 1: city will welcome about a hundred forty heads of state. 420 00:24:11,119 --> 00:24:14,840 Speaker 1: Police say there is no threat, however, thousands of officers 421 00:24:14,840 --> 00:24:18,760 Speaker 1: will be on UN patrol. The border crisis reaching national 422 00:24:18,800 --> 00:24:21,560 Speaker 1: headlines last week when Florida governing around the Santis started 423 00:24:21,600 --> 00:24:24,639 Speaker 1: two planes the shuttle migrants from Texas to Martha's Vineyard, 424 00:24:24,720 --> 00:24:27,080 Speaker 1: with many of those people saying they had not been 425 00:24:27,119 --> 00:24:30,040 Speaker 1: told where they were heading. In the past weeks. Texas 426 00:24:30,119 --> 00:24:34,040 Speaker 1: Governor Gregg Abbott sends bus loads of migrants on nearly 427 00:24:34,040 --> 00:24:36,760 Speaker 1: two day bus trips to New York City without notice 428 00:24:36,840 --> 00:24:39,800 Speaker 1: or a coordination to officials there. New York City Mayor 429 00:24:40,119 --> 00:24:43,080 Speaker 1: Eric Adams says the city will always be willing to 430 00:24:43,119 --> 00:24:46,480 Speaker 1: help new arrivals pursue the American dream, but slam the 431 00:24:46,520 --> 00:24:50,439 Speaker 1: Republican governor's tactics. That is what crisis calls for. It 432 00:24:50,480 --> 00:24:53,879 Speaker 1: calls for coordination. There was no coination at all with 433 00:24:54,000 --> 00:24:58,520 Speaker 1: Governor Abbott and Governor Desantists just wanted to use this 434 00:24:58,640 --> 00:25:02,760 Speaker 1: political ploy instead of understanding these are people, these are families, 435 00:25:02,760 --> 00:25:05,639 Speaker 1: These are human beings. May Or Random spoke on ABC's 436 00:25:05,720 --> 00:25:08,680 Speaker 1: This Week, which can be heard Sundays on Bloomberg. All 437 00:25:08,680 --> 00:25:11,600 Speaker 1: of Puerto Rico is without power after Hurricane Feeling, a 438 00:25:11,680 --> 00:25:14,400 Speaker 1: crash to sure Sunday. The storm hit the island as 439 00:25:14,400 --> 00:25:17,520 Speaker 1: a Category one hurricane. President Biden declared a state of 440 00:25:17,560 --> 00:25:21,000 Speaker 1: emergency in Puerto Rico. President Biden's approval rating hit fort 441 00:25:21,760 --> 00:25:25,520 Speaker 1: and a new NBC pole as a three point increase 442 00:25:25,600 --> 00:25:29,639 Speaker 1: over in August survey. Ukrainian President Voladimir Zelenski says there 443 00:25:29,680 --> 00:25:32,240 Speaker 1: would be no let up after a series of Ukrainian 444 00:25:32,320 --> 00:25:36,520 Speaker 1: victories taking cities and towns back from Russian troops. Zelenski 445 00:25:36,640 --> 00:25:39,720 Speaker 1: said there would be no lull until all of Ukraine 446 00:25:39,920 --> 00:25:43,439 Speaker 1: is freed. Meanwhile, Russian shelling hit cities and towns across 447 00:25:43,440 --> 00:25:46,200 Speaker 1: a wide stretch of Ukraine over the weekend. Global News 448 00:25:46,240 --> 00:25:49,159 Speaker 1: twenty four hours a day on air and on Bloomberg Quickday, 449 00:25:49,200 --> 00:25:51,720 Speaker 1: powered by more than twenty seven hundred journalists analysts in 450 00:25:51,760 --> 00:25:53,720 Speaker 1: more than a hundred twenty countries. On Michael bar This 451 00:25:53,720 --> 00:26:00,840 Speaker 1: is Bloomberg Naked. Thank you, Michael, five thirty five on 452 00:26:00,840 --> 00:26:03,280 Speaker 1: Wall Street. Time for the Bloomberg Sports Update. Here's John, 453 00:26:03,880 --> 00:26:06,800 Speaker 1: Thanks Nathan, so far, so good, and the Brian Dabole Era. 454 00:26:06,880 --> 00:26:08,640 Speaker 1: The Giants in their new coach at two and oh 455 00:26:08,840 --> 00:26:11,760 Speaker 1: Daniel Jones ten past four Graham Gado field goals in 456 00:26:11,840 --> 00:26:15,320 Speaker 1: nineteen sixteen win at MetLife over Carolina, thrilling win for 457 00:26:15,359 --> 00:26:17,919 Speaker 1: the Jets, the first team in twenty one years to 458 00:26:18,119 --> 00:26:21,080 Speaker 1: win despite Trilling by two touchdowns with two minutes to play. 459 00:26:21,200 --> 00:26:24,359 Speaker 1: Joe Flacco a sixties six yard TV pass to Corey 460 00:26:24,440 --> 00:26:27,600 Speaker 1: Davis after the recovery of an onside kick Flacko through 461 00:26:27,600 --> 00:26:29,879 Speaker 1: the game winner a rookie Garrett Wilson and the Jets 462 00:26:29,880 --> 00:26:33,280 Speaker 1: one in Cleveland thirty one thirty, ending their thirteen game 463 00:26:33,359 --> 00:26:36,440 Speaker 1: September losing streak not the only come back. Miami trailed 464 00:26:36,440 --> 00:26:39,040 Speaker 1: in Baltimore by three touchdowns in the fourth quarter and 465 00:26:39,160 --> 00:26:41,680 Speaker 1: rally to win as two a tongue of Bayola through 466 00:26:41,760 --> 00:26:45,680 Speaker 1: six TV passes. Arizona trailed in Vegas by sixteen and 467 00:26:45,720 --> 00:26:48,040 Speaker 1: the fourth The Cardinals tied the game on the final 468 00:26:48,080 --> 00:26:50,800 Speaker 1: play of regulation and one in overtime on a fifty 469 00:26:50,880 --> 00:26:54,240 Speaker 1: nine yard fumble return at City failed. Jakob Graham got 470 00:26:54,240 --> 00:26:57,119 Speaker 1: fifteen ounce. Thirteen were strikeouts Mets to meet the pirvate 471 00:26:57,200 --> 00:26:59,840 Speaker 1: seven three. They tied a major league record a combined 472 00:27:00,040 --> 00:27:03,600 Speaker 1: twenty strikeouts in the game in Milwaukee Big Day in 473 00:27:03,600 --> 00:27:06,639 Speaker 1: the first suit of Roger Marrett two old swing on 474 00:27:06,840 --> 00:27:08,359 Speaker 1: and hit in the air to deep right sun of 475 00:27:08,400 --> 00:27:12,720 Speaker 1: eod that is high d us far us gone and 476 00:27:12,960 --> 00:27:17,800 Speaker 1: the second deck that is a judge in blast number 477 00:27:17,800 --> 00:27:21,480 Speaker 1: of fifty eight on the year. As he gets closer 478 00:27:21,640 --> 00:27:24,199 Speaker 1: to the American League, Rutger on w F A N 479 00:27:24,200 --> 00:27:27,399 Speaker 1: and later Aaron Judge holmered again Yankee Pete Brewers twelve 480 00:27:27,440 --> 00:27:29,960 Speaker 1: to eight, and Judge, now with fifty nine homers, comes 481 00:27:30,000 --> 00:27:32,760 Speaker 1: home for the next six six games just two away 482 00:27:32,920 --> 00:27:36,440 Speaker 1: from There's John stash Award, Bloomberg Sports Nathan, Thank you John. 483 00:27:36,440 --> 00:27:38,560 Speaker 1: It's five thirty seven on Wall Street. Time for the 484 00:27:38,600 --> 00:27:42,359 Speaker 1: Tri State Business Report. Here's Bloomberg's head Cory. Almost three 485 00:27:42,440 --> 00:27:46,080 Speaker 1: years after COVID rocked New York's real estate industry, it's 486 00:27:46,119 --> 00:27:49,640 Speaker 1: starting to recover. The Times reports a glut of luxury 487 00:27:49,680 --> 00:27:53,320 Speaker 1: condos that saturated the Manhattan market before the pandemic has 488 00:27:53,440 --> 00:27:57,280 Speaker 1: largely been sold. Sale and rental prices have exceeded twenty 489 00:27:57,400 --> 00:28:01,400 Speaker 1: nineteen levels, with rents continuing to break records. Good news 490 00:28:01,480 --> 00:28:05,920 Speaker 1: from Manhattan office landlords. Physical building occupancy went up nearly 491 00:28:06,400 --> 00:28:10,560 Speaker 1: scent for the weekend in September, according to the Castle 492 00:28:10,680 --> 00:28:14,560 Speaker 1: Systems Back the Work Barometer. The post Labor day jump 493 00:28:14,680 --> 00:28:17,880 Speaker 1: was a huge increase over Castle's tally of thirty eight 494 00:28:17,920 --> 00:28:20,960 Speaker 1: percent from the previous week. Home health aids and their 495 00:28:20,960 --> 00:28:23,840 Speaker 1: advocates are pushing the New York City Council to pass 496 00:28:23,960 --> 00:28:28,440 Speaker 1: legislation to restrict their hours, a move that's facing pushback 497 00:28:28,480 --> 00:28:31,600 Speaker 1: from the union that represents them. The bill would limit 498 00:28:31,640 --> 00:28:34,919 Speaker 1: a home care aid's shift to twelve hours. At your 499 00:28:34,960 --> 00:28:38,600 Speaker 1: Bloomberg Try State Business Report, I'm in Corey, Thank you. 500 00:28:38,800 --> 00:28:41,920 Speaker 1: Edit is five eight on Wall Street. Bloomberg Radio is 501 00:28:41,960 --> 00:28:44,320 Speaker 1: on the air from San Francisco to New York, London 502 00:28:44,360 --> 00:28:46,920 Speaker 1: to Hong Kong. Let's check in with our global news 503 00:28:46,960 --> 00:28:48,720 Speaker 1: team for some of the top stories heard on our 504 00:28:48,760 --> 00:28:55,720 Speaker 1: three hundred affiliate radio stations around the world. I'm Steve 505 00:28:55,800 --> 00:28:59,440 Speaker 1: Pola scontenten Wins in New York. We're talking about a 506 00:28:59,480 --> 00:29:02,560 Speaker 1: hacker release of what looks like early footage of the 507 00:29:02,640 --> 00:29:07,720 Speaker 1: much anticipated Grand Theft Auto six Courtney's Anaho on ktr 508 00:29:07,880 --> 00:29:10,840 Speaker 1: H in Houston. More consumers are saddled with credit card 509 00:29:10,880 --> 00:29:14,320 Speaker 1: debt for longer periods of time. Iman kateson on WBC 510 00:29:14,440 --> 00:29:16,960 Speaker 1: and Boston. I'll be reporting on the FEDS likely interest 511 00:29:17,040 --> 00:29:20,120 Speaker 1: rate move find Genus Servetti in for w fl A 512 00:29:20,200 --> 00:29:24,200 Speaker 1: in Orlando. I'm reporting that Disney has released data unemployee 513 00:29:24,200 --> 00:29:27,160 Speaker 1: pay by race and gender for the first time. I 514 00:29:27,280 --> 00:29:30,720 Speaker 1: made Corey on w w J in Detroit. I'm reporting 515 00:29:30,720 --> 00:29:33,600 Speaker 1: an area contractor for Amazon will lay off one hundred 516 00:29:33,640 --> 00:29:36,920 Speaker 1: forty five employees. And those are some of the stories 517 00:29:36,960 --> 00:29:40,360 Speaker 1: are hundred Bloomberg journalists and analysts are working on this 518 00:29:40,400 --> 00:29:44,120 Speaker 1: morning around the world. It's nine on Wall Street. The 519 00:29:44,160 --> 00:29:48,520 Speaker 1: following is an editorial from Bloomberg Opinion. This editorial was 520 00:29:48,600 --> 00:29:52,520 Speaker 1: written by the Bloomberg Editorial Board. By almost any measure, 521 00:29:52,720 --> 00:29:56,520 Speaker 1: the US remains in the grip of a gun violence epidemic. 522 00:29:56,920 --> 00:29:59,600 Speaker 1: Since the beginning of the year, more than thirty thousand 523 00:29:59,680 --> 00:30:03,239 Speaker 1: of marrow Aricans have died from firearms, and nearly as 524 00:30:03,280 --> 00:30:07,480 Speaker 1: many have been wounded. Despite such grim figures, President Joe 525 00:30:07,520 --> 00:30:13,360 Speaker 1: Biden's administration is making quiet, consequential progress on gun safety. 526 00:30:13,400 --> 00:30:17,400 Speaker 1: In June, he signed the bipartisan Safer Communities Act, the 527 00:30:17,480 --> 00:30:22,000 Speaker 1: first significant gun reform legislation in a generation, and building 528 00:30:22,000 --> 00:30:25,440 Speaker 1: on that breakthrough, the administration is now cracking down on 529 00:30:25,480 --> 00:30:30,520 Speaker 1: another growing threat, ghost guns. Working with members of both parties, 530 00:30:30,760 --> 00:30:36,120 Speaker 1: Biden has made steady incremental headway toward common sense reforms. 531 00:30:36,520 --> 00:30:40,480 Speaker 1: Sustaining that momentum is critical to sparing the country further 532 00:30:40,560 --> 00:30:44,920 Speaker 1: bloodshed and loss. This editorial was written by the Bloomberg 533 00:30:45,000 --> 00:30:48,560 Speaker 1: Editorial Board. For more Bloomberg opinion, please go to Bloomberg 534 00:30:48,560 --> 00:30:52,240 Speaker 1: dot com, slash opinion or opie I n go on 535 00:30:52,280 --> 00:30:56,000 Speaker 1: the Bloomberg terminal. This has been Bloomberg opinion, and you 536 00:30:56,040 --> 00:30:59,200 Speaker 1: can hear Bloomberg opinion editorials every weekday. At this time, 537 00:30:59,600 --> 00:31:02,400 Speaker 1: terminal customers can read more at O P I n GO. 538 00:31:03,040 --> 00:31:05,800 Speaker 1: Right now, SMP futures are down thirty six points, STOW 539 00:31:05,920 --> 00:31:08,920 Speaker 1: futures down two six eight. Nasdaq futures are lower by 540 00:31:08,920 --> 00:31:13,600 Speaker 1: a hundred seventeen points. When treasuries trading resumes following the 541 00:31:13,680 --> 00:31:16,040 Speaker 1: state funeral of the Queen, the two year yield will 542 00:31:16,040 --> 00:31:22,720 Speaker 1: be at three point six percent. This is Bloomberg Bloomberg 543 00:31:22,720 --> 00:31:25,960 Speaker 1: eleven three oh weather. Increasing clouds, some showers and thundershowers 544 00:31:25,960 --> 00:31:28,320 Speaker 1: developing this afternoon with a high your eighty five degrees 545 00:31:28,360 --> 00:31:31,720 Speaker 1: will be mostly sunny, low eighties tomorrow and Wednesday. Right 546 00:31:31,720 --> 00:31:39,680 Speaker 1: now seventy one in Central Park Markets. Headlines and breaking 547 00:31:39,720 --> 00:31:42,600 Speaker 1: news twenty four hours a day at Bloomberg dot Com, 548 00:31:42,720 --> 00:31:45,800 Speaker 1: the Bloomberg Business at and at Bloomberg Quick Tape. This 549 00:31:46,240 --> 00:31:55,880 Speaker 1: is a Bloomberg business lash and up Karen Moscow futures 550 00:31:55,880 --> 00:31:59,320 Speaker 1: are lower this morning, with SMP futures down thirty seven points, 551 00:31:59,440 --> 00:32:02,200 Speaker 1: Down Future down two hundred eighty six, and nastack futures 552 00:32:02,200 --> 00:32:04,840 Speaker 1: down one d twenty three. The decks in Germany's down 553 00:32:04,960 --> 00:32:07,240 Speaker 1: nine tenths of upper cent. We continue to wait for 554 00:32:07,280 --> 00:32:09,840 Speaker 1: treasuries to begin trading today, as markets in Japan and 555 00:32:09,960 --> 00:32:13,600 Speaker 1: London are closed. Nimex screwed oil down one on a 556 00:32:13,640 --> 00:32:16,200 Speaker 1: dollar fifty six and eighty three dollars, fifty five cents 557 00:32:16,200 --> 00:32:18,840 Speaker 1: of barrel and comic School down seven tenths per center 558 00:32:18,880 --> 00:32:22,760 Speaker 1: eleven dollars eighty cents at sixty seventy announced. Looking at 559 00:32:22,760 --> 00:32:26,280 Speaker 1: bitcoin this morning lower at eighteen thousand, four hundred thirty dollars. 560 00:32:26,520 --> 00:32:29,040 Speaker 1: That's a Bloomberg business flash. Now here's Michael Barrow with 561 00:32:29,120 --> 00:32:31,480 Speaker 1: more on what's going on around the world. Michael Darren, 562 00:32:31,560 --> 00:32:33,760 Speaker 1: thank you very much. Britain and the world are laying 563 00:32:33,800 --> 00:32:36,520 Speaker 1: Queen Elizabeth the second to rest at a state funeral 564 00:32:36,600 --> 00:32:41,080 Speaker 1: that is drawing presidents and kings, princes and prime ministers. 565 00:32:41,400 --> 00:32:44,800 Speaker 1: It is the first state funeral since Winston Churchill's Bloomberg 566 00:32:44,840 --> 00:32:47,880 Speaker 1: will have more on the Queen's funeral coming up in minutes. 567 00:32:48,240 --> 00:32:51,560 Speaker 1: Hurricane Fiona is bearing down on the Dominican Republic after 568 00:32:51,680 --> 00:32:54,480 Speaker 1: knocking out the power grid and unleashing floods and landslides 569 00:32:54,520 --> 00:32:57,920 Speaker 1: in Puerto Rico, where the governor said the damage was catastrophic. 570 00:32:58,440 --> 00:33:01,840 Speaker 1: President Joe Biden said US military forces would defend Time 571 00:33:01,920 --> 00:33:05,520 Speaker 1: One from an unprecedented attack. His latest pledge of support 572 00:33:05,560 --> 00:33:09,560 Speaker 1: as his administration seeks to deter China from increasing military 573 00:33:09,600 --> 00:33:14,600 Speaker 1: pressure on the democratically elected government in Taipei. In the NFL, 574 00:33:14,720 --> 00:33:18,760 Speaker 1: the Giants and Jets won, The Patriots and forty Niners 575 00:33:18,920 --> 00:33:22,760 Speaker 1: were also winners. The Ravens lost. In baseball, the Yankees 576 00:33:22,800 --> 00:33:25,320 Speaker 1: beat the Brewers twelve eight Errant Judge his fifty eight 577 00:33:25,400 --> 00:33:27,720 Speaker 1: and fifty ninth home runs of the season to move 578 00:33:27,840 --> 00:33:31,560 Speaker 1: within two of Roja Marris's American League record. The Mets one, 579 00:33:31,640 --> 00:33:36,120 Speaker 1: along with the Orioles, the Nationals, Hayes, and Giants lost. 580 00:33:36,480 --> 00:33:39,280 Speaker 1: Global news twenty four hours a day on air and 581 00:33:39,480 --> 00:33:42,480 Speaker 1: on Bloomberg Quick Tank, powered by more than twenty seven 582 00:33:42,560 --> 00:33:46,200 Speaker 1: hundred journalists and analysts in more than one hundred twenty countries. 583 00:33:46,440 --> 00:33:51,800 Speaker 1: I'm Michael Barr, and this is Bloomberg, Nathan. This is 584 00:33:51,880 --> 00:33:54,880 Speaker 1: Bloomberg Radio, where we turn our attention now to live 585 00:33:54,960 --> 00:33:58,680 Speaker 1: coverage of the funeral for Queen Elizabeth the Second. We 586 00:33:58,760 --> 00:34:01,880 Speaker 1: are just a few minutes from the culmination of more 587 00:34:01,920 --> 00:34:05,000 Speaker 1: than a week of national morning for the Queen. The 588 00:34:05,040 --> 00:34:09,120 Speaker 1: state funeral begins next hour for Britain's longest reigning monarch. 589 00:34:09,520 --> 00:34:12,719 Speaker 1: Let's bring in Bloomberg Daybreak europe Bankers Caroline Hepcker and 590 00:34:12,840 --> 00:34:15,960 Speaker 1: Stephen Carroll, who will anchor our special coverage of the 591 00:34:16,040 --> 00:34:20,759 Speaker 1: service at Westminster Abbey which is getting underway in just 592 00:34:20,840 --> 00:34:23,359 Speaker 1: a few minutes. Here Caroline and Stephen, but right now 593 00:34:23,360 --> 00:34:29,240 Speaker 1: we're watching this extraordinary procession of military and the royal 594 00:34:29,280 --> 00:34:33,520 Speaker 1: family themselves with the Queen's coffin on the gun carriage 595 00:34:33,560 --> 00:34:37,560 Speaker 1: making its way to Westminster Abbey. Good morning, Nathan, Yes, 596 00:34:37,640 --> 00:34:40,680 Speaker 1: you join us for a once in a generation event. 597 00:34:40,880 --> 00:34:44,080 Speaker 1: This is the state funeral of Queen Elizabeth the Second 598 00:34:44,120 --> 00:34:47,920 Speaker 1: and as you say, the most spectacular site, the procession 599 00:34:48,280 --> 00:34:52,760 Speaker 1: of Queen Elizabeth's coffin from Westminster Hall to Westminster Abbey, 600 00:34:52,840 --> 00:34:58,000 Speaker 1: which has begun. On this a gun carriage draped with 601 00:34:58,160 --> 00:35:02,000 Speaker 1: the wool standard with flower was the auburn sector and 602 00:35:02,160 --> 00:35:06,160 Speaker 1: topped with the Imperial State Crown. The carriage itself a 603 00:35:06,239 --> 00:35:09,760 Speaker 1: hundred and twenty three years old, being pulled by ninety 604 00:35:09,800 --> 00:35:12,759 Speaker 1: eight members of the Royal Navy. This is a procession 605 00:35:12,840 --> 00:35:16,520 Speaker 1: route which is being lined by Royal Navy and Royal Marines. 606 00:35:16,640 --> 00:35:19,200 Speaker 1: The Brigade of Gurkhas are there, the Royal Air Force, 607 00:35:19,320 --> 00:35:22,920 Speaker 1: two hundred musicians and the King's bodyguard as they now 608 00:35:23,000 --> 00:35:25,520 Speaker 1: are the Yeoman of the Guards, often known as the Beefeaters, 609 00:35:25,800 --> 00:35:30,160 Speaker 1: lining this extraordinary procession through central London, a short journey 610 00:35:30,400 --> 00:35:34,080 Speaker 1: only eight minutes from Westminster Hall in the Palace of Westminster, 611 00:35:34,400 --> 00:35:36,719 Speaker 1: the home of of course, the House of Commons and 612 00:35:36,800 --> 00:35:39,640 Speaker 1: the House of Lords, to Westminster Abbey, where the state 613 00:35:39,680 --> 00:35:43,040 Speaker 1: funeral will take place. Well behind the coffin we also 614 00:35:43,120 --> 00:35:46,640 Speaker 1: see King Charles the Third and the Queen's three are 615 00:35:46,640 --> 00:35:51,120 Speaker 1: the children, her grandchildren, including Princes William and Harry, and 616 00:35:51,239 --> 00:35:56,360 Speaker 1: other members of the royal family. In the background you 617 00:35:56,400 --> 00:36:00,960 Speaker 1: can hear Westminster Abbey the bell being told ninety six 618 00:36:01,040 --> 00:36:06,960 Speaker 1: times in commemoration of the Queen's life. The beat being 619 00:36:07,000 --> 00:36:10,960 Speaker 1: played by the musicians in this drama special seventy five 620 00:36:11,080 --> 00:36:15,120 Speaker 1: beats per minute to ensure the correct pace during this procession. 621 00:36:15,400 --> 00:36:19,800 Speaker 1: A remarkable scene in central London. To see this members 622 00:36:19,880 --> 00:36:22,399 Speaker 1: of all of the branches of the military taking part 623 00:36:22,600 --> 00:36:27,279 Speaker 1: in this section of the Queen's final journey. Well, the 624 00:36:27,400 --> 00:36:31,200 Speaker 1: service will begin in just a few minutes time in 625 00:36:31,440 --> 00:36:37,040 Speaker 1: Westminster Abbey, of course, a hugely historic landmark in Britain. 626 00:36:37,120 --> 00:36:39,920 Speaker 1: This is the place where virtually all the kings and 627 00:36:40,040 --> 00:36:43,719 Speaker 1: Queens of England have been crowned where the Queen herself 628 00:36:43,960 --> 00:36:47,320 Speaker 1: was married and where the coronation took place in nineteen 629 00:36:47,400 --> 00:36:52,400 Speaker 1: fifty three. Now, during that service we have a host 630 00:36:52,640 --> 00:36:56,120 Speaker 1: of dignitaries. We have seen the US President and many 631 00:36:56,160 --> 00:37:00,479 Speaker 1: other leaders, including the British Prime Minister enter. The Dean 632 00:37:00,600 --> 00:37:04,520 Speaker 1: of Westminster, the very Reverend David Hoyle, is the person 633 00:37:04,520 --> 00:37:10,799 Speaker 1: who is leading today's service. We are meant to be 634 00:37:11,200 --> 00:37:15,200 Speaker 1: seeing something and hearing something. It isn't a performance. What 635 00:37:15,360 --> 00:37:17,560 Speaker 1: we are trying to do, not just in the abbey 636 00:37:17,719 --> 00:37:20,520 Speaker 1: on the streets of the city, is to provide a 637 00:37:20,600 --> 00:37:23,640 Speaker 1: focus for all that emotion that's out there at the moment. 638 00:37:24,719 --> 00:37:27,640 Speaker 1: So that was the Dean of Westminster, the very Reverend 639 00:37:27,760 --> 00:37:31,319 Speaker 1: David Hoyle. So at the start of the service we 640 00:37:31,400 --> 00:37:34,799 Speaker 1: will hear the choir of Westminster Abbey, they will see 641 00:37:35,080 --> 00:37:38,960 Speaker 1: lines from the scriptures. But before that moment we're still 642 00:37:38,960 --> 00:37:42,320 Speaker 1: watching the procession of the gun carriage and the coffin 643 00:37:42,400 --> 00:37:45,160 Speaker 1: to the gates of Westminster Abbey. During the service, the 644 00:37:45,200 --> 00:37:47,759 Speaker 1: Secretary Journal of the Commonwealth, British of Scotland and the 645 00:37:47,840 --> 00:37:51,120 Speaker 1: UK's Prime Minister, Liz Trust will read lessons from scripture. 646 00:37:51,320 --> 00:37:54,160 Speaker 1: The Artification of Canterbury, Justin Welby, will then deliver the 647 00:37:54,200 --> 00:37:57,359 Speaker 1: sermon at Her Majesty's funeral. Here he is talking about 648 00:37:57,360 --> 00:38:00,440 Speaker 1: the funeral earlier today. I feel very privile leedged to 649 00:38:00,440 --> 00:38:03,439 Speaker 1: be there, not pleased to be there, because we would 650 00:38:03,480 --> 00:38:06,160 Speaker 1: all prefer that this had not happened, but we're all 651 00:38:06,400 --> 00:38:10,200 Speaker 1: going to miss and grieve for the Queen. It's a 652 00:38:10,280 --> 00:38:12,560 Speaker 1: huge privilege to be able to take part in this 653 00:38:13,320 --> 00:38:18,120 Speaker 1: focused on the family first, because this is a family 654 00:38:18,760 --> 00:38:23,239 Speaker 1: saying goodbye at a funeral to someone they loved. That 655 00:38:23,320 --> 00:38:26,680 Speaker 1: was the Artibishop of Canterbury, Justin Welby. The funeral marks 656 00:38:26,719 --> 00:38:29,200 Speaker 1: the end of ten days of National Morning, during which 657 00:38:29,280 --> 00:38:32,960 Speaker 1: hundreds of thousands of people queued up to seventeen hours 658 00:38:33,160 --> 00:38:37,120 Speaker 1: to see Queen Elizabeth lying in state at Westminster Hall Well. 659 00:38:37,160 --> 00:38:40,640 Speaker 1: Reverend Marjorie Brown, the vicar of St Mary's the Virgin 660 00:38:40,760 --> 00:38:43,960 Speaker 1: Church in Primrose Hill and also a prebendary of St 661 00:38:43,960 --> 00:38:49,120 Speaker 1: Paul's Cathedral, was in the procession of reflection for the 662 00:38:49,200 --> 00:38:52,359 Speaker 1: Queen the day after she died, and she joined us 663 00:38:52,360 --> 00:38:55,920 Speaker 1: earlier on Bloomberg Radio to talk to us about the 664 00:38:56,080 --> 00:38:59,759 Speaker 1: order of service. She said that the service that we 665 00:38:59,760 --> 00:39:03,360 Speaker 1: will see a Westminster Abbey will speak to both tradition 666 00:39:03,719 --> 00:39:08,600 Speaker 1: but also to the modern world. It's a service, a 667 00:39:08,680 --> 00:39:11,600 Speaker 1: Christian funeral, as it would be for anyone in many respects. 668 00:39:12,160 --> 00:39:14,320 Speaker 1: We know it will all be in the traditional language 669 00:39:14,320 --> 00:39:17,880 Speaker 1: of the prayer book, which the Queen always favored. Looking 670 00:39:17,880 --> 00:39:20,560 Speaker 1: through the order of service, I was very struck by 671 00:39:20,600 --> 00:39:24,520 Speaker 1: how many British composers will have their music as part 672 00:39:24,520 --> 00:39:28,640 Speaker 1: of the service, including two pieces by James McMillan and 673 00:39:28,760 --> 00:39:32,239 Speaker 1: Juda's Rear, which were composed especially for this service. I 674 00:39:32,320 --> 00:39:35,080 Speaker 1: was also struck by how many women will have speaking 675 00:39:35,160 --> 00:39:37,600 Speaker 1: parts in the service. We have the Prime Minister and 676 00:39:37,640 --> 00:39:40,319 Speaker 1: the Secretary General of the Commonwealth and of course the 677 00:39:40,360 --> 00:39:42,840 Speaker 1: Lord Bishop of London, all all of whom are women. 678 00:39:42,920 --> 00:39:45,480 Speaker 1: That's quite a change from the last state funeral in 679 00:39:45,600 --> 00:39:49,360 Speaker 1: nineteen fifty two. There will also be participation by leaders 680 00:39:49,360 --> 00:39:52,959 Speaker 1: of many other churches, not just Anglican, but also Roman 681 00:39:53,000 --> 00:39:56,840 Speaker 1: Catholic and Pentecostal and Free churches. The Church of Scotland 682 00:39:56,840 --> 00:40:00,440 Speaker 1: of course, so there'll be a very wide representation people 683 00:40:00,560 --> 00:40:05,000 Speaker 1: across the nation in this service. Today. That was Reverend 684 00:40:05,000 --> 00:40:09,000 Speaker 1: Marjorie Brown speaking to us earlier about the service, and 685 00:40:09,120 --> 00:40:12,640 Speaker 1: now the gun carriage with the Queen's coffin has arrived 686 00:40:12,800 --> 00:40:16,239 Speaker 1: outside the abbey. We can listen in to some of 687 00:40:16,320 --> 00:40:24,799 Speaker 1: the sounds of the music playing in the background. This 688 00:40:25,000 --> 00:40:27,960 Speaker 1: is a moment of silent reflection. If we see those 689 00:40:28,880 --> 00:40:32,000 Speaker 1: members of the Royal Navy who pulled the gun carriage 690 00:40:32,320 --> 00:40:35,960 Speaker 1: from Westminster Hall to Westminster Abbey now bowing their heads 691 00:40:36,040 --> 00:40:39,240 Speaker 1: as the Queen's coffin is removed from the gun carriage 692 00:40:39,520 --> 00:40:44,520 Speaker 1: and carried into Westminster Abbey. This is a solemn moment 693 00:40:44,760 --> 00:40:48,239 Speaker 1: in the procession, a part of this long journey that 694 00:40:48,280 --> 00:40:52,000 Speaker 1: the Queen's remains have today from Westminster Hall, where she's 695 00:40:52,000 --> 00:40:56,080 Speaker 1: been lying in state from since Wednesday now to Westminster 696 00:40:56,160 --> 00:40:58,800 Speaker 1: Abbey and a journey that will end in Windsor Castle 697 00:40:59,040 --> 00:41:05,080 Speaker 1: later Today, thousands of people have lined the streets of 698 00:41:05,120 --> 00:41:08,839 Speaker 1: these processional routes in central London all the way out 699 00:41:08,840 --> 00:41:12,760 Speaker 1: to Windsor Castle. We've also seen, of course, the entrance 700 00:41:12,800 --> 00:41:16,719 Speaker 1: of Britain's current and former Prime Ministers who are in 701 00:41:16,760 --> 00:41:21,600 Speaker 1: the congregation, starting with John Major, Gordon Brown, Tony Blair, 702 00:41:21,640 --> 00:41:26,840 Speaker 1: the current Prime Minister Liz Truss, All inside Westminster Abbey 703 00:41:26,880 --> 00:41:30,200 Speaker 1: along with the US President to Joe Biden, the first 704 00:41:30,280 --> 00:41:34,120 Speaker 1: Lady Jill Biden, the French President Emmanuel Maka, and we've 705 00:41:34,160 --> 00:41:40,120 Speaker 1: seen so many royals, dignitaries, global leaders enter the abbey. 706 00:41:40,480 --> 00:41:44,200 Speaker 1: There are two thousand people in the abbey for this service, 707 00:41:44,239 --> 00:41:47,360 Speaker 1: among them some of those names that Caroline mentioned. But 708 00:41:47,440 --> 00:41:50,920 Speaker 1: this is the start of what will be this this 709 00:41:51,040 --> 00:41:53,680 Speaker 1: state funeral as we see the cover and now being 710 00:41:53,920 --> 00:41:59,680 Speaker 1: slowly and meticulously carried towards the front door of Westminster Abbey, 711 00:42:01,680 --> 00:42:05,080 Speaker 1: and so in just a few moments time we will 712 00:42:05,160 --> 00:42:09,680 Speaker 1: begin the service, of course for Britain's longest serving monarch. 713 00:42:10,360 --> 00:42:14,960 Speaker 1: We're watching them pictures live and Leanne Garren's who has 714 00:42:15,000 --> 00:42:20,000 Speaker 1: been covering the morning period and indeed the state funeral 715 00:42:20,400 --> 00:42:26,040 Speaker 1: throughout the days, joins us now live from Westminster. Good morning, Leanne. 716 00:42:26,320 --> 00:42:31,760 Speaker 1: You've just been watching live the coffin of Queen Elizabeth 717 00:42:31,800 --> 00:42:36,040 Speaker 1: the Second being processed from Westminster Hall to the abbey. 718 00:42:36,680 --> 00:42:44,520 Speaker 1: You've been watching that procession, Caroline. We heard the bagpipe 719 00:42:44,640 --> 00:42:48,240 Speaker 1: start playing and then we saw the procession coming along 720 00:42:48,800 --> 00:42:50,320 Speaker 1: and it was probably one of the most