Speaker 1: B from the Bloomberg Interactive Broker Studios. This is Bloomberg
Speaker 1: day Break for Tuesday, October four. Coming up this hour,
Speaker 1: the global equity rally continues for a second day. We
Speaker 1: are in Europe and Asia with the latest. Investors are
Speaker 1: wagering central banks may slow the pace of monetary tightening,
Speaker 1: and the Biden administration plans new restrictions on China's access
Speaker 1: to US semiconductor technology. New York City is relocating a
Speaker 1: humanitarian relief center intended for asylum seekers and queens. Plus,
Speaker 1: North Korea launches a missile test over Japan. Michael Warner.
Speaker 1: More ahead, I'm John stas shower and sports. A Yankee
Speaker 1: flirted with a no hither to win at Texas one
Speaker 1: of Night Football, The forty nine Beat the Round. That's
Speaker 1: All's training. Head on Bloomberg day Break on Bloomberg E
Speaker 1: Live in freon New York, Bloomberg nine one, Washington, d C,
Speaker 1: Bloomberg one oh six one, Boston, Bloomberg nine sixties and Francisco,
Speaker 1: Syrius x M one nine Team and around the world
Speaker 1: Old on Bloomberg Radio dot Com and via the Bloomberg
Speaker 1: Business Side. He Good morning, I'm Karen Moscow. I'm Nathan Hager.
Speaker 1: Bloomberg Daybreak is brought to you by SEI. Asset managers
Speaker 1: don't get results that are off the charts when their
Speaker 1: solutions are off the shelf. Learn how SEI is operating
Speaker 1: platform can turn infrastructure into a competitive advantage at se
Speaker 1: i C, dot Com, slash Tech and US futures are
Speaker 1: higher this morning six out what on Wall Street. We
Speaker 1: check the markets every fifteen minutes throughout the trading day.
Speaker 1: On Bloomberg, SMP future is at fifty seven points down,
Speaker 1: futures up three hundred seventy seven, NAZAC futures up two
Speaker 1: d and the tenure treasury of fifteen thirty seconds he'll
Speaker 1: three point five seven per cent and the yield on
Speaker 1: the two years at four percent. Nathan Karen. This morning's
Speaker 1: gain in futures follows the best day for US stocks
Speaker 1: in two months. The S and P five indecks close
Speaker 1: higher by two point six percent. Week manufacturing data helps
Speaker 1: for the rally. Some see it as assigned the Fed
Speaker 1: could soften its approach to rate hikes. Abe desh Ponde
Speaker 1: is chief investment officer at Center Stone. The fundamentals as
Speaker 1: far as the groundwork for a new boat market are there.
Speaker 1: You just don't have the valuations are quite there yet.
Speaker 1: And he's certainly don't have the cattlest yet. But I
Speaker 1: don't see. I don't see that, you know, a huge
Speaker 1: collapse or a calamity or anything like that. Center Stones
Speaker 1: Abbi Deshponde believes core inflation has already peaked, hitting a
Speaker 1: high point in February. Well. Despite some optimism that the
Speaker 1: Fed made turn in Devish Nathan, central bank officials continue
Speaker 1: to bang the drum for more rate hikes. New York
Speaker 1: Fed President John Williams says tightening still has a significant
Speaker 1: way to go. He's one of five FED officials speaking
Speaker 1: at events today Here at Any Research president ed your
Speaker 1: Denny said the Feds should hike one more time and
Speaker 1: then end it's tightening cycle. I'm totally stumped, mystified, surprised
Speaker 1: that Fed officials don't seem to acknowledge that just focusing
Speaker 1: on the FED funds rate as part of the monetary
Speaker 1: tightening cycle is a mistake. When you also have QT
Speaker 1: two and you have a soaring dollar, these are very
Speaker 1: restrictive monetary developments. Here at Any Research President Nadia or
Speaker 1: Danny says the fed's final rate hike should be next month.
Speaker 1: We'll start star rallying across the globe this morning, Karen.
Speaker 1: In Asia, overnight equities posted their biggest daily advanced since March.
Speaker 1: Let's get the recap from Bloomberg's Juliette Sally in Singapore.
Speaker 1: Good morning, Juliette, Good morning, Nathan and Karen. Australia's benchmark
Speaker 1: jumped as much as three point six percent, the most
Speaker 1: in more than two years, after the country's central Bank
Speaker 1: delivered a smaller than expected interest rate hike, while three
Speaker 1: year bond yields slumped the most since the rb A
Speaker 1: cut rates heading into the global financial crisis in two
Speaker 1: thousand and eight. Japanese stock surge, with the benchmark topics
Speaker 1: rising around three percent. Liquidity in the region was relatively thin,
Speaker 1: with China and Hong Kong markets closed for a holiday.
Speaker 1: In Singapore, Juliette Sally Bloomberg Daybreak A right, Juliette. Thanks.
Speaker 1: So we're also seeing a rally in Europe this morning.
Speaker 1: Let's go to London and get the latest from Bloomberg's
Speaker 1: You and Parts. Good morning You, and good morning Cat
Speaker 1: and Athan. European stocks in the green for a third
Speaker 1: day to day, the benchmark stocks is under touching its
Speaker 1: biggest gain seeds June, travel, technology and retail companies posting
Speaker 1: some of the biggest jumps today. A quick look at
Speaker 1: the grr function on the Bloomberg shows that all twenty
Speaker 1: sectors are lovely shade of green today, and Credit Sweet
Speaker 1: also gained this morning, a day after those wild durations
Speaker 1: in the troubled lenders share price in London. I'm your
Speaker 1: parts of Bloomberg day Break. All right you and thank you.
Speaker 1: Let's stay in the UK now where it is the
Speaker 1: third day of the Conservative Party's conference. Questions are swirling
Speaker 1: over whether Prime Minister Liz Trust can rebound from the
Speaker 1: political crisis created by last week's budget announcement. It's got
Speaker 1: a Birmingham, England and get the latest from the conference
Speaker 1: with Bloomberg day Break. You're a banker, Caroline Hepgerg, Good morning, Caroline,
Speaker 1: Good morning, Nathan Karen. Some of Liz Trust's top team
Speaker 1: have been telling Bloomberg that her project is dead in
Speaker 1: the water already. A humiliating U turn on the top
Speaker 1: rate of tax from the Chancellor Quasi Quaite has led
Speaker 1: her own party to question her leadership which puts her
Speaker 1: agenda in jeopardy. The Chancellor has promised to bring forwards
Speaker 1: details of his fiscal plan and the independent watchdogs assessment
Speaker 1: so that it shortly, but one former cabinet minister who
Speaker 1: spoke to Bloomberg predicted the Prime Minister would be gone
Speaker 1: within a year. Now. The question is how the government
Speaker 1: can afford the tax cuts that it has promised, and
Speaker 1: will the poorest in society see their wealthfare payments sacrificed
Speaker 1: in order to balance the books. In Birmingham, I'm Carolan
Speaker 1: head caffa Blue Big daybreak. All right, Caroline, thank you.
Speaker 1: Back here in the US, US China relations are back
Speaker 1: in focus. Bloomberg News has learned the White House plans
Speaker 1: to announce new restrictions on Beijing's access to US semiconductor technology.
Speaker 1: Details now from Bloomberg Jamie Morrison are not a none
Speaker 1: one newsroom in Washington, members of Congress have been pushing
Speaker 1: the White House to tighten controls around semiconductor equipment of China. Now,
Speaker 1: sources tell Bloomberg News the Commerce Department will roll out
Speaker 1: a package of rules this week, including formalizing restrictions on
Speaker 1: technology to produce chips that are designated as fourteen nanometer
Speaker 1: or better. It will prohibit the sale of tools for
Speaker 1: logic and memory chip production in China and restrict access
Speaker 1: to chips used in supercomputing and artificial intelligence in Washington.
Speaker 1: I may me more as Bloomberg Daybreak, thank you Amy.
Speaker 1: As the war in Ukraine rages on, Elon Musk is
Speaker 1: weighing in. Recent Twitter posts have the test the CEO
Speaker 1: drawing the wrath of Ukrainians, including President Vladimir's a landscape.
Speaker 1: Bloomberg's Charlie Pellett explains those post surge Ukraine to seek
Speaker 1: a negotiated solution to the invasion by Russia and to
Speaker 1: seed Crimea for good. Must also launched a Twitter poll
Speaker 1: asking citizens of occupied areas of eastern Ukraine plus Crimea
Speaker 1: to decide if they want to live in Russia or Ukraine.
Speaker 1: The survey comes as Ukraine, Europe and the US denounced
Speaker 1: President Vladimir Putin's move to annex four regions and declare
Speaker 1: them Russian territory in New York. Charlie Pellett Bloomberg Daybreak, Charlie,
Speaker 1: thank you asked for Elon Musk's company Tesla plunged to
Speaker 1: the most in four months yesterday after third quarter deliveries
Speaker 1: missed estimates, and it looks like investor Cathy Wood took
Speaker 1: that as a buying opportunity. Funds back Woods Ark Investment
Speaker 1: Management bought more than one shares of Tesla yesterday and
Speaker 1: marks the firm's first purchase of Tesla since mid June.
Speaker 1: Tesla shares they are up three point one per cent
Speaker 1: this morning, and again futures are higher. Straight ahead your
Speaker 1: latest local headlines plus a check of sports, and this
Speaker 1: is Bloomberg. Thank Karen. Six oh seven on Wall Street,
Speaker 1: still raining, still forty five degrees in Central Park and
Speaker 1: the westbound l I E is closed at Seaford Oyster
Speaker 1: Bay Expressway. Wet Roads will do it. Michael barrs Scott
Speaker 1: More on what's going on in New York and around
Speaker 1: the world. Michael, thank you very much. Nathan. New York
Speaker 1: City is relocating a humanitarian relief center intended for asylum
Speaker 1: seekers bust up from Texas and southern border states. The
Speaker 1: proposed Tens City at Orchard Beach and the Bronx has
Speaker 1: become a magnet for anti immigration protests and for people
Speaker 1: who are concerned about the migrants. The city plans the
Speaker 1: house at that facility. New York Mayor Eric Adams says
Speaker 1: the city is a floring solutions for the incoming asylum seekers.
Speaker 1: We are not going to be afraid to try different
Speaker 1: things to solve these unprecedented um problems that we're facing
Speaker 1: in the city. Mayor Adams says the migrants will be
Speaker 1: sent to Randall's Island after concerns about flooding issues in
Speaker 1: Orchard Beach. North Korea has fired a ballistic missile over
Speaker 1: Japan for the first time in five years, forcing Japan
Speaker 1: to issue evacuation notices and suspend trains during the flight
Speaker 1: of the nuclear capable weapon that could reach the U
Speaker 1: s territory of Guam and beyond. The US said it
Speaker 1: strongly condemned North Korea's dangerous and reckless decision. Cheryl Sandberg,
Speaker 1: who once sparred with the American Civil Liberties Union, is
Speaker 1: now one of its biggest manufactors, providing a three million
Speaker 1: dollar grant to boost its political activities around access to abortion.
Speaker 1: The gift from the former Meta Platform CEO, which will
Speaker 1: be announced today, is one of the biggest abortion rights
Speaker 1: grants ever received by the one two year old nonprofit.
Speaker 1: President Biden and First Lady Jill Biden, toured Puerto Rico,
Speaker 1: ravaged by Hurricane Fiona. The President offered reassurance the federal
Speaker 1: government will help the U. S. Territory rebuild. We're gonna
Speaker 1: make sure you get every single dollar promise, and I'm
Speaker 1: determined to help Puerto Rico bill faster than in the
Speaker 1: past and stronger and better prepared for the future. Tomorrow.
Speaker 1: President Biden plans to visit Florida, hit by Hurricane Ian.
Speaker 1: Florida Governor Around the Santist pushed back when asked about
Speaker 1: evacuation measures in Lee County ahead of Ian. County officials
Speaker 1: have come under question for ordering evacuations too late after
Speaker 1: Ian storm track made a late turn south for a
Speaker 1: more direct hit. Stop stop stop. Okay, it's been This
Speaker 1: has been dealt with. The Lee County has explained what
Speaker 1: they did, they went through that. Governor de Santists later
Speaker 1: said the state will, of course look over the evacuations.
Speaker 1: Global News twenty four hours a day on airrand on
Speaker 1: Bloomberg Quick Take power by more than journalists, analysts more
Speaker 1: than a twenty countries. I'm Michael Barr. This is Bloomberg Naked.
Speaker 1: Thank you, Michael. Just about six ten on Wall Street,
Speaker 1: time for the Bloomberg Sports Uthday with John Stow. Thanks
Speaker 1: day to the Yankees. First series in Arlington, Texas since
Speaker 1: Corey Cloomer's no hitter there last season, and almost another
Speaker 1: Yankee no hitter, Luis Severino would have taken it into
Speaker 1: the eighth inning, but Aaron Boone took Severino out after
Speaker 1: ninety four pitchers pitches. Rangers broke up the no hitter,
Speaker 1: but the Yanks one three to one home runch John
Speaker 1: Carlos Stanton, Marwin Gonzalez not Aaron judge, He's still at
Speaker 1: sixty one. Yanks and Rangers playing a doubleheader today. Mets
Speaker 1: and Nationals will play two at city Field after last
Speaker 1: night rain. Now Atlanta off the sweep of the Mets
Speaker 1: had only four hits lost in Miami, four nothing, but
Speaker 1: the Braves magic number to win the NL East is
Speaker 1: still only one, which would mean him met wild Card
Speaker 1: series this weekend at city Field. Mets hoping that Starling
Speaker 1: Marte will be able to play. They have missed his
Speaker 1: bat out the last four weeks with a broken fingers.
Speaker 1: Seventy eight year old Hall of Famer Tony LaRusso says
Speaker 1: this for retirement is final. He was out of managing
Speaker 1: for a decade and returned to manage the White Soft
Speaker 1: now stepping down. He had had health issues. Mother Night
Speaker 1: Football big plays carried the forty niner trows hit card
Speaker 1: five Dego, Samuel Bike some tackle, forty Tebow thirty five,
Speaker 1: twenty five twenty bricks tackles. Sister called that fifty seven
Speaker 1: yard touchdown came after a thirty two yard TV run
Speaker 1: by Jeff Wilson and before a fifty two yard pick
Speaker 1: sixty beat the Rams. Nine Garian's getting ready to fly
Speaker 1: to London to play Green Base Sunday. They're both three
Speaker 1: and one QB. Daniel Jones's ankle injury said to be improving.
Speaker 1: John Stashatward Bloomberg Sports NCO thanks John SMP futures right
Speaker 1: now are up sixty points down. Futures of four two now.
Speaker 1: Nastac features are higher by two twenty nine points. The
Speaker 1: tenure treasury is up fifteen thirty seconds. For ye'll just
Speaker 1: shy of three point five percent. You're listening to Bloomberg
Speaker 1: Day Rain Bloomberg eleven three oh weather, cloudy, occasional showers
Speaker 1: and rain today, breezy highs only in the upper fifties showers,
Speaker 1: and tomorrow we'll get into the low sixties, back in
Speaker 1: the sunshine and low seventies on Thursday. Right now, rain
Speaker 1: and forty in Central Park Markets, headlines and breaking news
Speaker 1: twenty four hours a day at Bloomberg dot Com, the
Speaker 1: Bloomberg Business Atland at Bloomberg Quick Take, He's a Bloomberg
Speaker 1: business flash and I'm Karen Moscow. And a rally and
Speaker 1: global markets is extending into a second day. That's lifting
Speaker 1: US dock ind Next futures as well as European shares.
Speaker 1: As investors wags, central banks will have to slow the
Speaker 1: pace of monetary tightening. We check the markets every fifteen
Speaker 1: minutes throughout the trading day on Bloomberg s and P
Speaker 1: futures up sixty three points now features up four four
Speaker 1: PASDACK futures up two hundred thirty nine. The decks in
Speaker 1: Germany is up three point one percent. Can your treasury
Speaker 1: up sixteen thirty seconds? You have three point five seven percent.
Speaker 1: They yield them a two years at four percent. NIMEX
Speaker 1: screwed oil is up nine tenths percent, or seventy eight
Speaker 1: cents at eighty four dollars forty one cents a barrel.
Speaker 1: Comics gold up nine tenths per cent or fifteen dollars
Speaker 1: forty cents at seventeen seventeen fifty announce. The euro point
Speaker 1: six against the dollar, British found one point one three
Speaker 1: six five and the yen one forty four point seven
Speaker 1: one and bigcoin is up one eight percent at nineteen thousand,
Speaker 1: nine hundred fifty dollars as of Bloomberg Business Flash. Now
Speaker 1: here's Michael Barr with more on what's going on around
Speaker 1: the world. Muchael Karen, thank you very much. North Korea
Speaker 1: fire a missile over Japan for the first time in
Speaker 1: five years, further ratcheting up tensions over Kim joan UN's
Speaker 1: nuclear program and prompting a rare public safety warning to
Speaker 1: be issued by Tokyo. The U. S. Supreme Court began
Speaker 1: its new term the new session welcome newest Justice Katanji
Speaker 1: Brown Jackson, the first black woman on the bench. During
Speaker 1: oral arguments, she grilled an attorney challenging the Environmental Protection
Speaker 1: Agency's power under the Clean Water Act. In baseball, the
Speaker 1: Yankees one erin judge still at sixty one home runs
Speaker 1: with time running out. Red Sox one along with the A's,
Speaker 1: the Orioles and Giants lost. The Mets and Nationals game
Speaker 1: postponed Monday night Football Beat the Rams. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty journalists and analysts more than
Speaker 1: a hundred twenty countries. Michael Barr and this is Bloomberg, Nathan.
Speaker 1: Thanks Michael. It's six nineteen on Wall Street Live from
Speaker 1: the Bloomberg Intractive Broker Studios. This is Bloomberg Day Break.
Speaker 1: Let's get more on this market now. We're joined by
Speaker 1: Maria Wademan, senior multi assets strategist at State Street. Great
Speaker 1: to speak with you, Maria, as we watch futures continue
Speaker 1: to climb after yesterday's strong start to the fourth quarter.
Speaker 1: Is this a rally with momentum? Alcolo? What he to
Speaker 1: be on on the show? I mean, Bardo marchings, it's
Speaker 1: ample sells rally when we've had I mean, we're still
Speaker 1: very very worried about were little progress on inflation. We
Speaker 1: expect central banks to maintain the hockeys stands um I
Speaker 1: mean for us, that's definitely really to self. So you're
Speaker 1: not swayed by some of the data that we've seen
Speaker 1: come in the weaker than expected manufacturing data that could
Speaker 1: potentially make the FED thing twice about higher from longer
Speaker 1: interest rates. So are you pushing back at that? Yeah,
Speaker 1: and I think we were in that camp. I mean,
Speaker 1: I find it quite interesting. So we had about six
Speaker 1: weeks past Jackson Hole when we had a slightly better data,
Speaker 1: which was seen as a kind of bad news for
Speaker 1: full financial market, meaning that we need to do more.
Speaker 1: And then kind of yesterday there was a day when
Speaker 1: we've had quite a bit of a weaker data, as
Speaker 1: you say, and we all kind of all change and
Speaker 1: we're all going to uh kind of expect central banks
Speaker 1: to flow based on couple of days of data. So
Speaker 1: for us that that's not enough. So what would be enough?
Speaker 1: What are you looking at that would make you think
Speaker 1: that the FED might start to pivot? I mean, well, well,
Speaker 1: quite fortunate as stage we are previous to the high
Speaker 1: frequent inflation data. We have a measure of daily or
Speaker 1: daily measure of online inflation, and that measure really showing
Speaker 1: us no slow down in any sector bar transportation. So yes,
Speaker 1: transportation prices are going down as oil prices are going down,
Speaker 1: but every other sector electronics, home furnishing, apparel, healthcare. All
Speaker 1: of them continue to seek work quork quite strong, perfect
Speaker 1: price information. So until that starts to turn down, that's
Speaker 1: what dearest, So what do you think the fans want
Speaker 1: to do? Sorry, go right ahead. And I mean the
Speaker 1: way we're kind of looking at inflation, why inflation is
Speaker 1: still strong is still those stories we were all kinds
Speaker 1: of of the whole market was where taken on last week?
Speaker 1: Is we talked about still consumers, consumers have coal savings
Speaker 1: that has not been spent or inaggregate, uh, we still
Speaker 1: talked about labor markets. So those were kinds of the
Speaker 1: scenes of last week, and I mean those things have
Speaker 1: not gone away in a week, so we're still think
Speaker 1: that those have kind of underlying points of strength. How
Speaker 1: long do you think it's going to take the forefeed policy,
Speaker 1: whether it's higher interest rates or rollback of the balance sheet,
Speaker 1: is going to have any impact on some of the
Speaker 1: inflationary pressures that you're seeing. Definitely a while, And it's
Speaker 1: quite interesting. I mean, obviously every economist is forecasting inflation
Speaker 1: going down to to percent, and that's just still a forecast,
Speaker 1: but it just takes a bit longer and we're beginning
Speaker 1: to see kind of some science probably and that's what
Speaker 1: kind of said is pushing against it as a science
Speaker 1: of inflation, the anchoring from those two percent. So I
Speaker 1: mean for us, it's uh still very hooky central banks.
Speaker 1: And even when the pivot for US pivot is stop
Speaker 1: raising rates, not clutching rates. So so we uh yeah,
Speaker 1: we we we still seek a lot a lot more
Speaker 1: work for central banks to this In terms of that work.
Speaker 1: What do you see stocks going from here? What kind
Speaker 1: of levels are you looking at? I mean we're quite
Speaker 1: kept I mean you've given this outlook, you probably can
Speaker 1: guess we're quite skeptical. For equity outlook, we see we
Speaker 1: still see multiple compression at the first step, so probably
Speaker 1: maybe going for like a just things like I don't know, ma,
Speaker 1: the level of like fifteen times when a pen te
Speaker 1: multiples and uh but what what's even kind of more
Speaker 1: worrying is that after a multiple compared so far, we
Speaker 1: haven't seen earnings greater at all. So so far earning
Speaker 1: girl has been okay. And uh that's what the kind
Speaker 1: of the next step. So the longer we kind of postponed, um,
Speaker 1: the longer central bank continuous rate rights as we expect
Speaker 1: the move, the harder it is to achieve for uh
Speaker 1: stot lending, and the harder the earnings will will will
Speaker 1: will drop. So that's uh quite challenging our look in
Speaker 1: our opinion only about thirty seconds left here, it sounds
Speaker 1: like you're defensive as far as your investment strategy. What
Speaker 1: is that like for your clients? Yeah, I mean it's
Speaker 1: very challenging. I mean we were still finding like relative
Speaker 1: value trade, so we within our preference will like healthcare,
Speaker 1: We actually like energy stalks. Uh uh So so there
Speaker 1: are like trying to find areas for for where we
Speaker 1: can invest more and more constructively. Thanks for this very
Speaker 1: great having gone with us this morning. Maria Weightman, Senior
Speaker 1: multi assets strategist at State Street. Looking at markets this morning,
Speaker 1: a rally is on with SMP futures up sixty six points,
Speaker 1: STAFLE futures up four undred fifty and NASDAC futures are
Speaker 1: higher by two undred fifty points ten. Your treasury is
Speaker 1: up seventeen thirty seconds, the yield three point five seven
Speaker 1: percent yield on the two year right at four point zero,
Speaker 1: and nime X screwed is moving higher as well, up
Speaker 1: nine tenths percent, or seventy eight cents at eighty four
Speaker 1: dollars forty one cents a barrel looking at bitcoin just
Speaker 1: shy of twenty dollars, a gain of one point nine percent.
Speaker 1: You're listening to Bloomberg Daybreak Bloomberg eleven three oh weather, clouds,
Speaker 1: occasional showers and rain, breezy, cool, highs only in the
Speaker 1: upper fifties today, shower's line Tomorrow low sixties will be
Speaker 1: back in the sunshine and low seventies by Thursday. Right now,
Speaker 1: rain and forty five in Central Park. Broadcasting live from
Speaker 1: the Bloomberg Interacted Broker Studio in New York. Bloomberg E
Speaker 1: living Free. On to Washington, d C. Bloomberg, On to Boston,
Speaker 1: Bloomberg one six one, to San Francisco Bloomberg and I'm
Speaker 1: sixty to the country, Sirius XM Toto one nine team
Speaker 1: and around the globe, the Bloomberg Business at and Bloomberg
Speaker 1: Radio dot Com. This is Bloomberg Daybreak six thirty on
Speaker 1: Wall Street. Good morning, I'm Nathan Hagar and I'm Karen Moscow,
Speaker 1: and we're just about three hours away from the Open
Speaker 1: of US training time for the Five Things so you
Speaker 1: need to notice start your day all to you by
Speaker 1: interactive brokers. Interactive brokers clients are an interest of up
Speaker 1: to two point five eight percent on the idle cash
Speaker 1: and their brokerage accounts. That's just one of the many
Speaker 1: reasons clients use interactive brokers to trade stocks, options, futures, currencies, bonds, funds,
Speaker 1: crypto and more. Visit ibkr dot com slash interest rates
Speaker 1: to learn more. The first US futures on the rise
Speaker 1: on he also the best day for stocks in two months.
Speaker 1: Still there's room to go lower from here. That's according
Speaker 1: to Wealth Enhancement Group Senior VP Nicole Webb, the market
Speaker 1: may come down to kind of that thirteen times to
Speaker 1: fifteen times multiplier, and when we get there, the SMP
Speaker 1: looks more fairly priced within reason, closer to three thousand
Speaker 1: and so we do think when you come through that
Speaker 1: support of thirty, there's there's probably still room below that
Speaker 1: to go. The Wealth Enhancement Groups Nicole Webb says the
Speaker 1: US is likely entering a period of structurally slower growth.
Speaker 1: The meantime, Karen FED speakers continue the drum beat for
Speaker 1: higher rates. New York Fed President John Williams says tightening
Speaker 1: still has a significant way to go. Williams is one
Speaker 1: of five FED officials speaking at events today. Pre A
Speaker 1: miser ahead of global rate strategy of TV Securities thinks
Speaker 1: the Fed won't stop hiking anytime soon. We should be
Speaker 1: pricing in a recession. I think the recession is pretty
Speaker 1: much baked on the cake for next year in the US,
Speaker 1: and I don't buy the shallow short recession argument. This
Speaker 1: could be much longer lasting because the Fed is going
Speaker 1: to be reluctant to start to ease. They're so worried
Speaker 1: about the nineteen seventies that I think they're going to
Speaker 1: be late on the way to easing policy, so that
Speaker 1: Danny is attractive as a risk hedge. A miser with
Speaker 1: TV Security says rate hikes could continue into next year
Speaker 1: well despite the hawk Is rhetoric. Global stocks are railing
Speaker 1: this morning. The MSCI Asia Pacific Index rose more than
Speaker 1: two percent overnight, and You're up stock six is currently
Speaker 1: up two point six. In England, it's the third day
Speaker 1: of the Conservative Party conference Karen and questions are swirling
Speaker 1: over the leadership of Prime Minister is Trust. Cabinet members
Speaker 1: tell us Trust will struggle to enact to keep parts
Speaker 1: of her economic plan because you're standing in the party
Speaker 1: is already so damaged. In corporate news, Nathan Teslas o
Speaker 1: Elon Muskin raged Ukrainians in a series of Twitter posts
Speaker 1: in which he said that the country should seek a
Speaker 1: negotiate a solution to the invasion by Russia and steed crimea.
Speaker 1: Ukraine's president vladimir's Lenski responded in a post of his own,
Speaker 1: questioning whether must supported Ukraine or Russia and back in
Speaker 1: the U s Cairen. Bloomberg News has learned the Biden
Speaker 1: administration plans to announce new restrictions on China's access to
Speaker 1: US chip technology. And that's the five things that you
Speaker 1: need to notice. Start your day. Brought to you by
Speaker 1: Interactive Brokers, Hands straight Ahead. We have your latest local headlines,
Speaker 1: plus a check of sports, and this is Bloomberg. Thanks Scaring.
Speaker 1: Six three on Wall Street, rain forty five degrees in
Speaker 1: Central Park. Still got that overturned tractor trailer's got westbound
Speaker 1: l I E closed at seafort Oyster Bay Expressway. Michael
Speaker 1: Barr has more on what's going on in New York
Speaker 1: and around the world. Good morning, Michael, Good morning Nathan
Speaker 1: New York City is relocating a humanitarian relief center intended
Speaker 1: for asylum seekers bust up from Texas and southern borders
Speaker 1: to ads. The proposed tense city at Orchard Beach and
Speaker 1: the Bronx has become a magnet for anti immigration protests
Speaker 1: and for people who are concerned about the migrants. The
Speaker 1: city plans of the house at that facility. New York
Speaker 1: Mayor Eric Adams says the city is exploring solutions for
Speaker 1: the incoming asylum seekers and that everyone is safe. We're
Speaker 1: going to provide the public safety. That's my responsibility. My
Speaker 1: responsibility through the Police Commission and Police Department, all about
Speaker 1: law enforcement entities is to make sure that the communities
Speaker 1: will we have any shelter migrants are not that is safe.
Speaker 1: Mayor Adams says the migrants will be sent to Randall's
Speaker 1: Island after concerns about flooding issues and Orchard Beach. North
Speaker 1: Korea launched an intermediate range ballistic missile over the Japanese
Speaker 1: territory for the first time in five years. Residents in
Speaker 1: northern Japan were told to take cover as the missile
Speaker 1: flew over and fell into the Pacific Ocean. Japan says
Speaker 1: North Korea's latest missile launch is reckless and strongly condemns
Speaker 1: it jap and these government spokesperson hero Kazu Matsuno, through
Speaker 1: a translator, Dunde nor North Korea's actions, including the repeated
Speaker 1: ballistic missile launches, are a threat to the peace and
Speaker 1: security of our country, region, and international community, and it's
Speaker 1: a serious challenge for our country and the entire international community.
Speaker 1: The launch is seen as an escalation in response to
Speaker 1: military drills between the US and South Korea. President Biden
Speaker 1: and the First Lady arrived in Puerto Rico. It was
Speaker 1: hit by Hurricane Fiona. The U s territory was hit
Speaker 1: by Hurricane Maria five years ago. The President says he
Speaker 1: wants to make Puerto Rico resilient with sixty million in
Speaker 1: infrastructure aim and yes, Puerto Rico is a strong place
Speaker 1: and Puerto Ricos are strong people. But even so, you
Speaker 1: have had to bear so much and more than need
Speaker 1: be and you haven't gotten the help in a timely way.
Speaker 1: President Biden will visit Florida to survey Ian's damage tomorrow.
Speaker 1: High stakes January six trial kicked off in d C
Speaker 1: District Court. Five members of the far right militia group
Speaker 1: the Oath Keepers, faced decades behind the bars. The defendants
Speaker 1: are charged with seditious conspiracy. Global News twenty four hours
Speaker 1: a day on airand on Bloomberg Quick Take, powered by
Speaker 1: more than twenty seven hundred journalists anatist more than a
Speaker 1: hundred twenty countries. I'm Michael Barr. This is Bloomberg, Nathan,
Speaker 1: Thanks Michael. Just about six thirty six on Wall Street
Speaker 1: and John sash Hour has the Bloomberg Sports Update. Nathan.
Speaker 1: It's one of the things you never used to see
Speaker 1: in baseball and now see all the time. A manager
Speaker 1: taking a picture out even when the picture has not
Speaker 1: allowed a hit. Just the third start for Luis Sevareinos
Speaker 1: and been injured. The playoffs are around the corner. Savarino
Speaker 1: was at ninety four pictures through seven and Aaron Boone
Speaker 1: removed him. The decision that sucks to have to make, um,
Speaker 1: because he was very efficient to you know, the decision
Speaker 1: would have been if he was through rate at that point. Um,
Speaker 1: you know, I didn't really want to go more than
Speaker 1: ninety with him today. How's he gonna try and let
Speaker 1: him finish that seventh tenning? No matter what Rangers broke
Speaker 1: up the no hit or and the shut out of
Speaker 1: the eighth inning offrom Miguel Castro's just back from injury.
Speaker 1: Yanks still wanted Texas three to one. John Carlos standing
Speaker 1: his thirtieth home run, Aaron Judge did not hit his
Speaker 1: sixties second. Maybe today doubleheader in Texas met the Nationals
Speaker 1: to play two at City Field at last night's rain out.
Speaker 1: The Braves at Champagne ready to go, but lost in
Speaker 1: Miami for nothing, their magic numbers still one. The Phillies
Speaker 1: celebrated they wanted to clinch their first playoffs Firths Andince
Speaker 1: two thousand and eleventh. The twelve playoff teams are known,
Speaker 1: matchups still to be determined. Week four ended with the
Speaker 1: seven sacks and a nine win over the Rams, where
Speaker 1: they've now beaten seventh straight times in the regular season.
Speaker 1: All four teams in the NFC West for two and
Speaker 1: two Jets two and two yet to win at home.
Speaker 1: They host Miami Sunday. The Dolphins quarterback will be Teddy
Speaker 1: Bridgewater to a tongue of Balowa out with his much
Speaker 1: debated concussion. Tyrod Taylor is in concussion protocol and Daniel
Speaker 1: Jones as an injured ankle said to be improving, but
Speaker 1: the Giants Sunday in London against Green Bay may have
Speaker 1: to start third sprink QB Davis Webb who's never thrown
Speaker 1: a pass in an NFL game. Johns facially, I want
Speaker 1: bloombergs towards me. Thanks John sixty seven on Wall Street.
Speaker 1: Time to take a look at stock some of the
Speaker 1: names moving in this rallying pre market with Floomberg, Radio
Speaker 1: and TV markets correspondent pretty goopda watching the bouncing ball
Speaker 1: that is Tesla, and not just because of Elon Musk's
Speaker 1: Twitter feed, right, pretty right, well, a fast and furious
Speaker 1: rally in futures right now, Um, one that is matched
Speaker 1: by a carmaker. If you see what I did there,
Speaker 1: Um and Nathan, just for you, Tesla shares t S
Speaker 1: thank you. I tried really hard t s. L A
Speaker 1: shares are just shy of four percent. Um. What's interesting
Speaker 1: here is that this isn't just a Tesla move. This
Speaker 1: is a broader technology move. So you're seeing this across
Speaker 1: the board here. Um. Remember what one of the big
Speaker 1: issues with having kind of a sustainable up bear or
Speaker 1: bull markets. He's waiting in the stock market was that
Speaker 1: you didn't have technology stocks on your side. So there
Speaker 1: is a little bit of hope here that perhaps this
Speaker 1: is a turnaround story that a lot of people are
Speaker 1: waiting for it. That being said, with this kind of volatility,
Speaker 1: is this sustainable is going to be the old question
Speaker 1: right now? Tesla shares up specifically though t s l
Speaker 1: A up about like a four percent. Cathy would very
Speaker 1: vocal about buying the dip on Monday, so that's going
Speaker 1: to be significant. But remember, Elon Musk is also perhaps
Speaker 1: catching a little bit of hate on Twitter right now.
Speaker 1: I mean as usual that it is Twitter and it
Speaker 1: is Elon Musk, so keep an eye on the kind
Speaker 1: of the comments that he makes, especially when it comes
Speaker 1: to this market. Uh let's stick with the car theme though,
Speaker 1: because that is something to keep an eye on. Rivy
Speaker 1: and r I V and is your ticker shares her
Speaker 1: up almost ten percent on the day. There is session
Speaker 1: highs right now. Whether that stays throughout the session once
Speaker 1: again is anyone's guest. But this comes after they reported
Speaker 1: a boost in production and reaffirmed its annual goal to
Speaker 1: build twenty five thousand electric vehicles. Remember, Rivy has been
Speaker 1: trying to build up their scale, especially within the face
Speaker 1: of inflation and commodity pressures. So, um, this is a
Speaker 1: good step in the right direction. Yeah, interesting to see
Speaker 1: if that will hold up given the issues with production
Speaker 1: that Tesla reported just a few days ago, and signs
Speaker 1: of hope this morning as well for Bed Bath and
Speaker 1: Beyond investors, Yeah, it's interesting, there's there's a little bit
Speaker 1: of a story here. B B. B Wise, your ticker
Speaker 1: up two point three percent in the pre market. This
Speaker 1: comes after The Wall Street Journal reported late on Monday
Speaker 1: that some of their home furnishing retailers bond holders are
Speaker 1: working with Perella Weinberg Partners ahead of debt talks that
Speaker 1: they're expect to be held with the company. And we
Speaker 1: know that Bed Bath and Beyond has been dealing with
Speaker 1: a liquidity crisis of their own that has include restructuring
Speaker 1: that has include layoffs, is include store closures, which also
Speaker 1: included issuing some of those bonds. So it looks like
Speaker 1: they're taking one more step in the right direction with
Speaker 1: Perella Weinberg. Um, and so this is gonna be something
Speaker 1: you want to keep an eye on. Investors. Pretty sweet
Speaker 1: on the shares right now, BBB. Why, Like I said,
Speaker 1: up two point three percent in the pre market. Nathan
Speaker 1: all Right, Bloomberg Radio and TV Markets correspondent prety Goopta
Speaker 1: keeping an eye on those individual names for us in
Speaker 1: early trading, and as we take a look at stocks
Speaker 1: as a whole ahead of the Tuesday morning open. The
Speaker 1: rally is on after yesterday's nice start to the fourth quarter.
Speaker 1: S ANDP futures are up sixty seven points, build on
Speaker 1: the games from yesterday. DAL future is up fifty three
Speaker 1: and NASEAC futures on the rise by two fifty five points.
Speaker 1: That's a game of two point three percent. Ten. Your
Speaker 1: treasury is up sixteen thirty seconds, yield three point five
Speaker 1: seven percent, the yield on the two year right now
Speaker 1: four even. This is Bloomberg Bloomberg eleven three oh Weather clouds,
Speaker 1: occasional showers and rain. Breezy hides in the upper fifties.
Speaker 1: We'll get into the low sixties and showers and tomorrow
Speaker 1: sunshine for Thursday and low seventies return right now, rain
Speaker 1: forty five degrees. Markets headlines and breaking news twenty four
Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business
Speaker 1: at and at Bloomberg Quick Tape he's a Bloomberg business
Speaker 1: flash and I'm fair in Moscow. Future is on the rise.
Speaker 1: This morning we get to the First Word Breaking News
Speaker 1: desk for today's morning call. Here's Bill Maloney, Bill, good morning, Hey,
Speaker 1: Good morning, Karen. US futures are showing important followed through
Speaker 1: after yesterday's gains with doubt futures of four hundred forty points.
Speaker 1: Supes gained sixties six and nastic futures are hired by
Speaker 1: two hundred and fifty three. The US ten year old
Speaker 1: at three point five seven percent, Gold is hired by eleven,
Speaker 1: Oil is climbing and bitcoin is rising by two percent.
Speaker 1: Japan rose three percent overnight, while Europa markets are also
Speaker 1: in the green, led by three percent gains in France
Speaker 1: and Germany. Back in the US, on the economic front
Speaker 1: of tennetclock factory orders dooble goods orders and the Jolts
Speaker 1: job openings. In deal news, South Korea is neighbored to
Speaker 1: buy posh Mark for S nine share and wrapping things
Speaker 1: up begging New York. Melin was raised to buy over
Speaker 1: at City Group. Gilead raised to overweight rad JP Morgan
Speaker 1: live on the First Breaking News Descam Bill Maloney Karen, Herry,
Speaker 1: Phil thank you to hear live breaking news over her
Speaker 1: Bloomberg tipe. Squawk on your terminal, ask you a w
Speaker 1: K and that's a Bloomberg business flash. Now here's Michael
Speaker 1: Barrow with more on what's going on around the world. Michael, Karen,
Speaker 1: thank you very much. North Korea launched and into media
Speaker 1: range ballistic missile over the Japanese territory. Residents in northern
Speaker 1: Japan were told to take cover as the missile flew
Speaker 1: over and fell into the Pacific Ocean. Ukrainian President Voladimir
Speaker 1: Zelinski said that liberating settlements from Russian occupation is now
Speaker 1: the trend. Is comment comes after the strategic eastern town
Speaker 1: of Lehman was fully cleared. The town is part of
Speaker 1: the regions Vladimir Putin annexed following referendums termed illegal by
Speaker 1: Ukraine and its allies. In baseball, the Yankees one Aaron
Speaker 1: Judge still at sixty one home runs with time running out.
Speaker 1: The Red Sox one, along with the A's, the Orioles
Speaker 1: and Giants lost the Medicine Nationals game postponed. Monday night football,
Speaker 1: the forty nine beat the Rams. Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quicktake, powered
Speaker 1: by more than journalists and analysts more than a hundred
Speaker 1: twenty countries. Michael Barr, this is Bloomberg Kerry. All right,
Speaker 1: Michael Barr, thank you. At On Wall Street, we turned
Speaker 1: to new in Science and Technology now with the Bloomberg
Speaker 1: n j I T S STAM Report. It's brought to
Speaker 1: you by New Jersey Institute of Technology, whose n j
Speaker 1: II unit has joined with pharmaceutical giant Murk to establish
Speaker 1: the Merk Digital Sciences Studio to support drug discovery and development.
Speaker 1: More at n j I T DOT E d U.
Speaker 1: And here's just making news and science, Technology, engineering, and math.
Speaker 1: Three scientists jointly one this year's Nobel Prize and Physics
Speaker 1: for their work on quantum information science that has significant applications,
Speaker 1: for example, in the field of encryption alan aspect. John
Speaker 1: Klauser and Anton Zillinger were cited by the Royal Swedish
Speaker 1: Academy of Sciences for discovering the way that particles known
Speaker 1: as photons can be linked or entangled with each other
Speaker 1: even when they are separated by large distances. Bloomberg News
Speaker 1: has learned that the voluted Administration will announce new restrictions
Speaker 1: on China's access to U S semiconductor technology. That's an
Speaker 1: esclamation of Washington's efforts to stifle Beijing's industrial ambitions. Also
Speaker 1: her growth in the five fifty billion dollar sector and
Speaker 1: Facebook parent Meta Platforms is planning to close one of
Speaker 1: its offices in New York after scaling down its expansion
Speaker 1: plans in the city. Sources say that company is exercising
Speaker 1: its option to terminate its LEASA at two hundred Park
Speaker 1: App South in Manhattan. Meta has been consolidating its New
Speaker 1: York workforce building in offices and Hudson Yards and moving
Speaker 1: ahead with plans for the Farley Building near Penn Station
Speaker 1: and as a Bloomberg n j I t STEM report. Nathan,
Speaker 1: Thanks Karen. We're live from the Bloomberg Interactive Broker Studios
Speaker 1: where it's coming up to six fifty one on Wall Street.
Speaker 1: Time out to check with some of it's going on
Speaker 1: in d C, including those chip technology limits to China
Speaker 1: that Karen mentioned. Also making news, new details on the
Speaker 1: Justice Department filter team at maral Lago, President Biden taking
Speaker 1: action to boost abortion rights on college campuses, and elon
Speaker 1: musk angering Ukrainians with his tweets about the war against Ukraine.
Speaker 1: Bloomberg's Joe Matthew is with us now, our Washington correspondent,
Speaker 1: host of sound On on Bloomberg Radio. Lots to get
Speaker 1: to even in the run up to the mid terms. Joe,
Speaker 1: but let's talk a little bit more about these chip
Speaker 1: limits that the Biden administration is proposing, because it sounds
Speaker 1: like this could be a potential further point of contention,
Speaker 1: point of friction with China. Well, that's exactly right, and
Speaker 1: it's a follow on to a couple of things. Nathan
Speaker 1: Karen Moscow was just talking about what happened roughly a
Speaker 1: month ago. If you might remember, this was a real
Speaker 1: knock on shares of Nvidio as as the government put
Speaker 1: new restrictions specifically on invidios Artificial intelligence chips AI chips
Speaker 1: that are used to do all kinds of things including
Speaker 1: developed UH self driving, autonomous driving technology, facial recognition, voice assistance,
Speaker 1: that type of thing, and we talked about AI. This
Speaker 1: is gonna be a little bit wider though. The administration
Speaker 1: is going to roll out a package of rules this week.
Speaker 1: As we understand Bloomberg is reporting this UH that will
Speaker 1: put very specific and codify specific restrictions on the types
Speaker 1: of chips that can be exported. I don't want to
Speaker 1: get too wonki here, Nathan, but those designated as fourteen
Speaker 1: nanometer or better are what will be restricted from China.
Speaker 1: These are the most complex chips made. By the way,
Speaker 1: the smaller the number of nanometers, the more advanced the capability.
Speaker 1: So think about that as like fourteen and below, that's
Speaker 1: gonna be essentially impossible for China to access those chips. Well,
Speaker 1: what's that going to mean for US China relations, particularly
Speaker 1: as we're getting closer to this all important Communist Party
Speaker 1: conference that's expected to get hijin Ping into an unprecedented
Speaker 1: third term. Well you probably know the answer to this.
Speaker 1: I mean, it's just it's it's a it's feeling more
Speaker 1: and more like a Cold war. And the reaction that
Speaker 1: we heard from that first set of of restrictions on
Speaker 1: video did get some pushback from China. And by the way,
Speaker 1: the companies may not love this either. This is gonna
Speaker 1: stifle growth potentially for chip makers like in video. And
Speaker 1: I'll tell you what. The stock is higher this morning
Speaker 1: in pre market trading, but it's already been beat down
Speaker 1: because of this story. It's down gosh, about seven percent
Speaker 1: over the last month or so since that announcement was made.
Speaker 1: So it gives you a sense of the concern for
Speaker 1: not just in video, but companies like A M D
Speaker 1: and other chip makers that that are behind the world's
Speaker 1: most complex and advanced chips. Interesting to see this develop
Speaker 1: even further after that Chips and Science bill that has
Speaker 1: passed earlier this year. I want to talk a little
Speaker 1: bit more about what's happening at the White House today.
Speaker 1: Of course, we had President Biden focused on hurricane relief,
Speaker 1: but today it sounds like he's focused on boosting abortion rights. Yeah,
Speaker 1: the President said, following the role ruling, as you remember
Speaker 1: that he would use obviously, his his ability to impact
Speaker 1: this story is limited, but if he would use the
Speaker 1: weight and the power of his office to do whatever
Speaker 1: he could through the executive branch. And today Bloomberg reports
Speaker 1: the President will unveil new guidelines from the Department of Education. Okay,
Speaker 1: so we're going through education here that would require universities
Speaker 1: to protect students who who get abortions from discrimination. This
Speaker 1: follows on similar uh moves by the President, for instance,
Speaker 1: to to maintain travel rights interstate travel, rights for people,
Speaker 1: and rights to privacy. This would be the latest one
Speaker 1: here and they're gonna give six million dollars as well
Speaker 1: in grants to expand access to reproductive care. Uh. This
Speaker 1: is a memo that was distributed by the White House,
Speaker 1: and we expect that guidance will be made clear soon
Speaker 1: publicly soon. And this guidance is coming, of course, just
Speaker 1: about five weeks before a mid term that I would
Speaker 1: imagine Democrats are hoping we'll be focused at least to
Speaker 1: some extent on the threat to abortion rights very much so.
Speaker 1: I mean, it's gotten to the point now when it
Speaker 1: depends on what poll you're looking at, and these numbers
Speaker 1: can be very noisy because it's a very unusual mid
Speaker 1: term cycle, coming out of COVID, coming out of a
Speaker 1: very difficult period of time, potentially going into a recession.
Speaker 1: We've got inflation, we've got a war. But row that
Speaker 1: Dobb's ruling is incredibly important, as we saw in a
Speaker 1: couple of the special elections that followed it, and in
Speaker 1: the turn in polling that would that would at least
Speaker 1: soften the blow on Democrats in the House, for instance,
Speaker 1: and might allow them to preserve the Senate is a
Speaker 1: massive game changer. And it's one really, Nathan that strategist
Speaker 1: or have not been able to quantify. It's something that
Speaker 1: we have to wait till this election to see play out.
Speaker 1: All right. And finally, Joe, what's the reaction in Washington
Speaker 1: to these Twitter polls that Elon Musk put out yesterday
Speaker 1: about the war in Ukraine and the occupied territories? What
Speaker 1: getting on with that? It isn't this uh something Elon
Speaker 1: Musk knows how to get into stories. He essentially tweeted
Speaker 1: what he saw as his piece plan for Ukraine that
Speaker 1: would include them giving up Crimea. Then he to your point,
Speaker 1: he had a poll on whether people who live in
Speaker 1: the areas that had been UH annexed by Russia if
Speaker 1: they rather be Ukrainian or Russian. The the Ukrainian government
Speaker 1: did not love this, Zelenski himself. President Zelenski tweet which
Speaker 1: Elon Musk, do you like more? They're not very pleased
Speaker 1: with this, although he did follow up to say that
Speaker 1: he supports Ukraine. I don't suspect that any of this
Speaker 1: went through the State Department donation you're asking, That's not
Speaker 1: exactly where I was going on that, Joe. But in
Speaker 1: terms of I guess getting into the thinking in Washington
Speaker 1: is Elon Musk trying to pull his weight apart from
Speaker 1: the the chancery court issue that he's got going on
Speaker 1: just outside of Washington in Delaware. I mean, what's the
Speaker 1: thinking in Washington right now? You know it? God who knows?
Speaker 1: With Elon Musk, these are all great questions. He remember,
Speaker 1: he put his satellites, his Internet satellites, the Starling system
Speaker 1: over Ukraine to help them get internet access. He has.
Speaker 1: You know, you could argue that he's been trying to
Speaker 1: help here. But sometimes when Elon Musk is hanging around
Speaker 1: tweeting at night, things like this happened. Whether he has
Speaker 1: real motivations here, Uh, you know, ask the folks at
Speaker 1: Twitter about Okay, read his tweets and we'll get that.
Speaker 1: I suppose so. And uh we've seen the reaction in
Speaker 1: Ukraine as well. We just can't repeat it on the radio.
Speaker 1: If you have the bleep handy, I'll be glad to
Speaker 1: tell you what they said. Yeah, sorry, I've gotta dig
Speaker 1: that out. Thanks Joe. As always, Bloomberg Washington correspondent Joe
Speaker 1: Matthew much more to talk about this afternoon, As always
Speaker 1: on sound on five pm Wall Street Time across Bloomberg Radio,
Speaker 1: and you can read Lord Bloomberg dot com on the
Speaker 1: Bloomberg terminal if you're in Washington, d C. Where Bloomberg
Speaker 1: and one oh five point seven FM HD two SMB
Speaker 1: futures up sixty one point, staff futures up, wounded sixteen
Speaker 1: Nastack futures are higher by two hundred thirty nine points.
Speaker 1: Bloomberg Surveillance is next, with Tom Keene, Jonathan Farrell, and
Speaker 1: Lisa Abramowitz for Karen Moscow. I'm Nathan Hager. This is
Speaker 1: Bloomberg