1
00:00:00,600 --> 00:00:03,760
Speaker 1: News when you want it with Bloomberg News Now, I'm

2
00:00:03,880 --> 00:00:08,520
Speaker 1: Charlie Pellett. Boeing and union leaders representing thirty three thousand

3
00:00:08,640 --> 00:00:12,160
Speaker 1: striking workers reached a tentative agreement in a bid to

4
00:00:12,320 --> 00:00:15,560
Speaker 1: end a lengthy labor dispute that is crippling the company's

5
00:00:15,600 --> 00:00:21,160
Speaker 1: commercial airplane manufacturing. The International Association of Machinists and Aerospace

6
00:00:21,200 --> 00:00:25,840
Speaker 1: Workers District representing the Playmakers employees, said the company's latest

7
00:00:25,880 --> 00:00:30,200
Speaker 1: proposal will provide a thirty eight percent guaranteed wage increase

8
00:00:30,240 --> 00:00:33,440
Speaker 1: over the four year deal and a twelve thousand dollars

9
00:00:33,440 --> 00:00:37,720
Speaker 1: signing bonus upon ratification. We are in the final days

10
00:00:37,720 --> 00:00:41,400
Speaker 1: of the presidential campaign, with Donald Trump making his border

11
00:00:41,479 --> 00:00:44,440
Speaker 1: argument to voters in New Mexico, a state that he

12
00:00:44,560 --> 00:00:48,080
Speaker 1: lost to Democrats in both twenty sixteen and twenty twenty.

13
00:00:48,280 --> 00:00:53,080
Speaker 2: The people pouring across the border that are murderers, their killers.

14
00:00:52,680 --> 00:00:54,800
Speaker 3: Their drug addicts, their drug.

15
00:00:54,520 --> 00:00:56,960
Speaker 1: Dealers, the gang members.

16
00:00:57,040 --> 00:00:59,880
Speaker 2: Why New Mexico wants to keep it going like it is?

17
00:01:00,520 --> 00:01:04,440
Speaker 1: You know, we almost won it twice. Kamala Harris says

18
00:01:04,520 --> 00:01:07,800
Speaker 1: Donald Trump's comments that he would protect women whether they

19
00:01:08,160 --> 00:01:11,840
Speaker 1: like it or not, shows that the Republican presidential nominee

20
00:01:11,880 --> 00:01:15,600
Speaker 1: does not understand women's rights to make decisions about their

21
00:01:15,600 --> 00:01:17,839
Speaker 1: own lives, including their own bodies.

22
00:01:18,160 --> 00:01:23,480
Speaker 4: Listen, it's just it actually is very offensive to women

23
00:01:23,720 --> 00:01:27,800
Speaker 4: in terms of not understanding their agency, their authority, their right,

24
00:01:27,920 --> 00:01:31,280
Speaker 4: and their ability to make decisions about their own lives.

25
00:01:31,360 --> 00:01:34,520
Speaker 1: A selloff on Wall Street today with declines for US

26
00:01:34,560 --> 00:01:39,840
Speaker 1: equities reflecting investor on ease over tech giants including Microsoft

27
00:01:39,880 --> 00:01:43,440
Speaker 1: and Meta platforms. The SMP five hundred index was down

28
00:01:43,520 --> 00:01:46,640
Speaker 1: one hundred eight points, down one point nine percent. The

29
00:01:46,720 --> 00:01:50,360
Speaker 1: Now dropped nine tenths of one percent, while NEASDAK was

30
00:01:50,400 --> 00:01:53,320
Speaker 1: down five hundred and twelve points, a decline of two

31
00:01:53,360 --> 00:01:56,240
Speaker 1: point eight percent. So what would it take for the

32
00:01:56,280 --> 00:01:59,520
Speaker 1: market to turn higher? Brooke May is managing partner at

33
00:01:59,560 --> 00:02:00,960
Speaker 1: Evans May Wealth.

34
00:02:01,320 --> 00:02:03,920
Speaker 5: When we look at earnings going into twenty twenty five,

35
00:02:04,120 --> 00:02:06,960
Speaker 5: we think earnings will be up about fifteen percent. That

36
00:02:07,000 --> 00:02:09,040
Speaker 5: takes us to about two hundred and seventy five dollars

37
00:02:09,080 --> 00:02:11,359
Speaker 5: in earnings on the S and P five hundred. If

38
00:02:11,400 --> 00:02:14,040
Speaker 5: you apply a twenty one multiple to that, you get

39
00:02:14,080 --> 00:02:16,680
Speaker 5: fifty seven to seventy five, which is where we're trading today.

40
00:02:17,080 --> 00:02:19,520
Speaker 5: So you can expect some give and take based on

41
00:02:19,680 --> 00:02:22,680
Speaker 5: headlines whenever you're at this point in the market. All

42
00:02:22,720 --> 00:02:24,720
Speaker 5: that said, we wouldn't be surprised if we hit six

43
00:02:24,760 --> 00:02:28,120
Speaker 5: thousand before year end. That's the trajectory we're on, and

44
00:02:28,160 --> 00:02:30,959
Speaker 5: we see these pullbacks as buying opportunities.

45
00:02:31,160 --> 00:02:34,800
Speaker 1: Brook May of Evans May Wealth interviewed on Bloomberg Business

46
00:02:34,800 --> 00:02:38,760
Speaker 1: Week after the bell. Apple reported weaker sales in China

47
00:02:38,800 --> 00:02:42,320
Speaker 1: that anticipated last quarter, raising fresh concerns about one of

48
00:02:42,320 --> 00:02:46,560
Speaker 1: its most important regions. Amazon projected profit and revenue in

49
00:02:46,600 --> 00:02:50,120
Speaker 1: the current quarter that exceeded analyst estimates on optimism for

50
00:02:50,160 --> 00:02:54,440
Speaker 1: a strong holiday shopping season. Intel gave a fourth quarter

51
00:02:54,480 --> 00:02:58,800
Speaker 1: revenue forecast slightly above estimates, sparking optimism that it is

52
00:02:58,919 --> 00:03:04,200
Speaker 1: capable of Reeq claiming some lost market share. China's manufacturing

53
00:03:04,240 --> 00:03:09,040
Speaker 1: activity unexpectedly picked up last month despite a week long holiday,

54
00:03:09,120 --> 00:03:13,080
Speaker 1: according to a private survey, a further sign of stabilization

55
00:03:13,240 --> 00:03:17,560
Speaker 1: after Beijing unleashed a stimulus package to shore up the economy.

56
00:03:18,280 --> 00:03:20,760
Speaker 1: It's the first Friday of the month and time for

57
00:03:20,919 --> 00:03:26,240
Speaker 1: the US employment report. Economists anticipate October moderation following a

58
00:03:26,280 --> 00:03:30,240
Speaker 1: September surge. A preview from Bloomberg's Vinnie del Judice.

59
00:03:30,360 --> 00:03:33,200
Speaker 2: Hurricanes in the US South and the striking aircraft maker

60
00:03:33,240 --> 00:03:37,200
Speaker 2: Boeing could affect today's labor department data. Wall Street anticipates

61
00:03:37,200 --> 00:03:39,720
Speaker 2: in October gain of roughly one hundred thousand or so

62
00:03:39,920 --> 00:03:43,000
Speaker 2: jobs after the US racked up a hefty September advance

63
00:03:43,040 --> 00:03:46,360
Speaker 2: of two hundred and fifty four thousand jobs. Bloomberg Economics

64
00:03:46,400 --> 00:03:49,320
Speaker 2: takes a dimmer view. We're talking a loss of ten

65
00:03:49,360 --> 00:03:53,000
Speaker 2: thousand jobs in October due to a general developing slump.

66
00:03:53,240 --> 00:03:55,120
Speaker 2: Vinnidell Judaice Bloomberg.

67
00:03:54,760 --> 00:03:59,280
Speaker 1: Radio Agriculture Secretary Tom Vilsack says the US will expand

68
00:03:59,360 --> 00:04:02,440
Speaker 1: milk testing is part of efforts to curb the spread

69
00:04:02,480 --> 00:04:05,760
Speaker 1: of bird flu in dairy cows and with more Here's

70
00:04:05,800 --> 00:04:07,840
Speaker 1: Bloomberg's Tom Busby Charlie.

71
00:04:07,840 --> 00:04:10,160
Speaker 3: The push will begin next month with the screening of

72
00:04:10,200 --> 00:04:13,720
Speaker 3: samples of milk stored at processing companies now. Vill Sex

73
00:04:13,720 --> 00:04:16,760
Speaker 3: says the move follows steps taken by Colorado, which was

74
00:04:16,800 --> 00:04:20,200
Speaker 3: able to eradicate bird flu in dairy after implementing an

75
00:04:20,240 --> 00:04:21,640
Speaker 3: aggressive testing system.

76
00:04:22,000 --> 00:04:22,920
Speaker 1: Bird flu has.

77
00:04:22,839 --> 00:04:26,960
Speaker 3: Quickly spread across dairy producing states, sickening cows that sometimes

78
00:04:27,000 --> 00:04:30,000
Speaker 3: have to be culled. The problem has become particularly acute

79
00:04:30,000 --> 00:04:32,760
Speaker 3: in California, which now accounts for about half of all

80
00:04:32,920 --> 00:04:36,200
Speaker 3: US registered cases since the outbreak began in March.

81
00:04:36,600 --> 00:04:40,520
Speaker 1: Charlie Bloomberg's Tom Busby, And that's news when you want

82
00:04:40,560 --> 00:04:44,920
Speaker 1: it with Bloomberg News. Now, I'm Charlie. Palatami is Bloomberg