Speaker 1: Live from the Bloomberg Interactive Burger Studios. This is Bloomberg
Speaker 1: day Break for Thursday July two. Coming up this hour,
Speaker 1: Mario Draggy resigns as Italian Prime Minister. We are live
Speaker 1: in Europe with the latest the e c D gets
Speaker 1: ready to join central banks and raising rates. Tesla shares
Speaker 1: rise after earnings top estimates, the growing number of companies
Speaker 1: slam the brakes on hiring, and the January sixth hearing
Speaker 1: skill Prime Time. The Heat Advisory extended to Sunday night
Speaker 1: at Donald Trump returns to New York for his ex
Speaker 1: wife's funeral. I'm John Tucer. Those stories straight ahead, I'm
Speaker 1: John Stahns forwards. The Yankees returned for the All Star break.
Speaker 1: They play a day night double letter with the Astros
Speaker 1: in Euston. That's all straded ahead on Bloomberg day Break
Speaker 1: on Bloomberg eleven, Free on New York, Bloomberg ninety nine one,
Speaker 1: Washington d C, Bloomberg one oh six one, Boston, Bloomberg
Speaker 1: nine sixties, San Francisco, Sirius XAM one nine team, and
Speaker 1: around the world on Bloomberg Radio dot Com and via
Speaker 1: The Bloomberg Business and Good Morning, I'm Karen Moscow. I'm
Speaker 1: Nathan Heger. Bloomberg day Break, brought to you by B
Speaker 1: and Y Melon's Pershing learned by the world's most sophisticated
Speaker 1: wealth management and institutional firms rely on Pershing to help
Speaker 1: them improve profitability, create efficiency, attract talent and manage risk
Speaker 1: at pershing dot com. US futures are little change this morning.
Speaker 1: SMP futures are down about four points down, futures down
Speaker 1: sixty six and NASDAG futures again. That will change the
Speaker 1: ten year treasury down four thirty seconds, you know, three
Speaker 1: point oh four percent, Nathan, Karen, we begin with turmoil
Speaker 1: in the Italian government. Prime Minister Mario Draggy is resigning.
Speaker 1: The former European Central Bank chief announced his decision to
Speaker 1: President Sergio Mantarella in a meeting earlier this morning. Bloomberg
Speaker 1: new senior editor in Italy, Gerald Colton, says the resignation
Speaker 1: raises the prospect of snap elections. Elections are almost certainly
Speaker 1: the next be Traditionally year in Italy, election state plate
Speaker 1: in the spring to allow business to go on in parliament,
Speaker 1: particularly the budget. In this case, we'll probably have something unprecedented,
Speaker 1: will probably have elections in the fall. Either the last
Speaker 1: weekend in September or the first in October would be
Speaker 1: the most likely time. Bloomberg News Senior editor in Italy,
Speaker 1: Gerald Colton, says the market reaction has been swift. The
Speaker 1: country's benchmark stock indexes down one and a half percent.
Speaker 1: Benchmark tenure Italian bond yields are surging well. Nathan. The
Speaker 1: Drazzee drug resignation comes as the European Central Bank gets
Speaker 1: ready to raise interest rates, and we go to London
Speaker 1: and get the latest with Bloomberg's un Pats, good morning you,
Speaker 1: and good morning Nathan and Karen. Will it be twenty
Speaker 1: five or will it be fifty? The European Central Bank
Speaker 1: today's set to raise indust rates for the first time
Speaker 1: in eleven years, joining payers around the world in confronting
Speaker 1: an historic spike in inflation. With staring prices across the
Speaker 1: line team nation Eurozone. The ECB may even deviate from
Speaker 1: the guidance it said by considering a hike of double
Speaker 1: the planned quarter points. Will find out lay to today
Speaker 1: in London. I'mumport Sploomberg day Break, thanks you, And in Asia,
Speaker 1: the Bank of Japan left its interest rates unchanged. We
Speaker 1: get that story from Bloomberg day Break Asia anchor Brian Curtis.
Speaker 1: The b o J put its concern about growth ahead
Speaker 1: of any potential implications for the end. It locks in
Speaker 1: an outlier stance of the b o J compared with
Speaker 1: other central banks desperately fighting inflation. A downgrade in the
Speaker 1: growth forecast comes amid new COVID cases at home and
Speaker 1: lockdowns in China. What the b o J is saying
Speaker 1: is you need a solid recovery to make inflation sustainable,
Speaker 1: and that means lower for longer. Brian Curtis Sploomberg day Break.
Speaker 1: All right, Brian, thank you all. Turning to corporate earning,
Speaker 1: shares a Tesla up almost three percent in early trading.
Speaker 1: The ev market leader reported second quarter earnings at beat
Speaker 1: Wall Street estimates. Tesla also sold a significant chunk of
Speaker 1: its steak and bitcoin, converting roughly sevs bitcoin into fiat currency.
Speaker 1: CEO Elon Musk talked about it in a conference call
Speaker 1: with analysts. We are certainly open to increasing up coin
Speaker 1: holdings in future um so they should not be taken
Speaker 1: as some verdict on goodcoin. It's just that we were
Speaker 1: concerned about overall liquidity for the company. Given code shutdowns
Speaker 1: in China. Testa CEO Elon Mus said the company has
Speaker 1: been through quote supply chain hell, but he's saying now
Speaker 1: the optimism Tesla can achieve a record of volume over
Speaker 1: the rest of the year. Well. Growing number of companies
Speaker 1: are slamming the brakes on hiring. Karen and Bloomberg's Vernita
Speaker 1: Young has more on that. Good morning, Rnita, Good morning Nathan. Microsoft, Google,
Speaker 1: and Lift are some of the latest companies to freeze
Speaker 1: hiring as recessent recession fears loom, inflation mounts, the war
Speaker 1: in Ukraine continues, and the lingering pandemic takes a toll.
Speaker 1: Microsoft is eliminating many job openings. Google's pausing hiring for
Speaker 1: the next two weeks. Lift is shutting down a division
Speaker 1: and trimming jobs. Meantime, Bloomberg sources say Ford is preparing
Speaker 1: to cut as many as eight thousand jobs in the
Speaker 1: coming weeks. The automaker is trying to boost profits to
Speaker 1: fund its push into the electric vehicle market. Live in
Speaker 1: New York, I'm renaed a Young Bloomberg Daybreak. All right,
Speaker 1: we need to thank you. The news of the slowdown
Speaker 1: in corporate high rank comes as the labor Department gets
Speaker 1: ready to issue weekly jobless claims. Data economists or forecasting
Speaker 1: claims will remain elevated after setting a record low earlier
Speaker 1: in the year, and Bloomberg's Videol Judais reports in the
Speaker 1: Prairie Report, jobless claims rose to two four thousand the
Speaker 1: Hyacinths November. Bloomberg Economics says this year's increase may set
Speaker 1: the stage for a broader labor market slowdown. The four
Speaker 1: week average for jobless claims has been moving steadily higher
Speaker 1: to also today the Conference Board issues Junes and Decks
Speaker 1: of leading economic indicators, It's dropped in four the past
Speaker 1: five months, signaling a slowdown. Final Judas Bloomberg, Daybreak and
Speaker 1: Sney and Political News. President Biden says he could speak
Speaker 1: with China's Shi Jin Ping within ten days. Bloomberg's Baxter
Speaker 1: reports a whole plate full of issues, but this does
Speaker 1: come as the US has said publicly it is thinking
Speaker 1: about rolling back some of the tariffs and average to
Speaker 1: possibly ease inflay pressures, but White House sources have downplayed
Speaker 1: that issue now, saying that Biden wants to talk Ukraine
Speaker 1: and China, seeming support of Russia along with human rights
Speaker 1: issues in Hong Kong and jin Jong, as well as
Speaker 1: relations with Taiwan in San Francisco. I'm at Baxter Bloomberg
Speaker 1: Daybreak and thank you. The committee investigating the assault in
Speaker 1: the US Capitol plans to proceed with the primetime hearing tonight.
Speaker 1: We get a preview from Bloomberg j Amy Morrison our
Speaker 1: one newsroom mid Washington. The committee is set to hold
Speaker 1: the televised hearing at eight pm Eastern. It will be
Speaker 1: the eighth hearing since June and the second in primetime.
Speaker 1: Republican Adam Kinzinger and Democrat Elaine Luria will lead the hearing,
Speaker 1: aiming to show that the former president deliberately chose not
Speaker 1: to intervene during the attack on the Capitol. They'll walk
Speaker 1: through what was going on in the West Wing during
Speaker 1: and after the attack, and what happened the next day.
Speaker 1: Videotaped testimony of former White House Council Pat Sippoloni will
Speaker 1: play a crucial role in tonight's hearing in Washington. I
Speaker 1: may be more has Bloomberg Daybreak, Amy, Thank you. SMP
Speaker 1: futures are down four point Staff futures down seventy two.
Speaker 1: Nasdaq futures are higher now by eight points. The tenure
Speaker 1: treasury is down four thirty seconds yield three point zero
Speaker 1: four percent. Straight ahead, your latest local headlines and a
Speaker 1: check of sports. This is Bloomberg and at six o
Speaker 1: seven on Wall Street where eighty degrees in Central Park
Speaker 1: southbound two eighty seven's closed after Route seventeen for an accident.
Speaker 1: More on that coming up in traffic. First, John Tucker
Speaker 1: trying to stay cool in New York. It's tough, John, Well, yeah,
Speaker 1: the heat is on, Nathan. Heat advisory remains an effect
Speaker 1: until Sunday night. And Bloomberg meteorolog just Rob Carolin joins
Speaker 1: us this morning with Moore. John, it's the heat that's
Speaker 1: been in the century United States that's had a chance
Speaker 1: to move in over the area and it will hang around,
Speaker 1: and we have a weak funnel system headed our way
Speaker 1: that'll trigger some showers and thud of storms this afternoon,
Speaker 1: some of which would be strong. It leads to it
Speaker 1: not being as humid tomorrow, but it's still hot. And
Speaker 1: then the heat piece over the weekend where near a
Speaker 1: hundred by the time we get the Sunday John, Bloomberg
Speaker 1: Meteorologist Rob Caroline this morning, the operator of a major
Speaker 1: pipeline from Russia to Europe since natural gas has started
Speaker 1: flowing again. The pipeline is Germany's main source of runching gas.
Speaker 1: Bloomberg Stephen Stevinski says they're now watching closely. They see
Speaker 1: just how much gas actually comes through the pipeline. There
Speaker 1: is a steer that yes, we're at right now, but
Speaker 1: how long will this last? Can you trust putin ke
Speaker 1: gas from Gage, trust Russia to keep the gas flowing
Speaker 1: through this vital transit point. You look at what he's
Speaker 1: been saying, and he said that it doesn't get this
Speaker 1: vital part, then he's going to reduce flows in his
Speaker 1: next week, and that causes more distress for the European region,
Speaker 1: German officials that fear the pipeline might not reopen at all.
Speaker 1: Former President Donald Trump was in Manhattan yesterday for the
Speaker 1: funeral of his ex wife of Donna Trump. More from
Speaker 1: Bloomberg's Charlie Pillett. This morning, John Trump joined all his children,
Speaker 1: all the rell tives and friends at St. Vincent for
Speaker 1: Our Roman Catholic Church on Manhattan's Ouper East Side for
Speaker 1: Ivanna's funeral mass. Writing on his social media platform Truth Social,
Speaker 1: Trump called it a very sad day, but at the
Speaker 1: same time a celebration of a wonderful and beautiful life.
Speaker 1: Ivanna and Donald Trump's three children, Donald Jr. Ivanka, and Eric,
Speaker 1: stood with their father and their families as the gold
Speaker 1: tone casket was carried from the church. John Bloomberridge Charley
Speaker 1: Pillett Feizer will spend four hundred seventy million dollars to
Speaker 1: expand its vaccine research facilities twenty five miles northwest of
Speaker 1: New York City, with the company hopes to maintain its
Speaker 1: edge in the booming field of messenger RNA, the technology
Speaker 1: behind its blockbuster COVID nineteen shot. The drug baker will
Speaker 1: construct a new building and renovate existing facilities at its
Speaker 1: campus in Pearl River. Global News twenty four hours a
Speaker 1: day on Aerona Bloomberg Quicktake were powered by more than
Speaker 1: twenty seven hundred journalists and analysts it more than one
Speaker 1: twenty countries. John Tucker, This is Bloomberg, Nathan. Thanks John.
Speaker 1: Almost six ten on Wall Street time for the Bloomberg
Speaker 1: Sports Update with John stash Our. All right, Nat In
Speaker 1: the Yankees and Astros have become a rivalry, even though
Speaker 1: Houston has only been an American League team for a decade,
Speaker 1: but the Astros have beaten the Yanks of the postseason
Speaker 1: three times, of course, excused of banging trash cans and
Speaker 1: signed stealing, and this season they are the two best
Speaker 1: in the a L could very well be facing off
Speaker 1: in October again. The two teams WI turned to the
Speaker 1: All Star break and play a day night doublehead or
Speaker 1: in Houston makeups from the lockout. Yankees are sixty four
Speaker 1: and and Aaron Judge was asked the reason for their
Speaker 1: success this consistency. I think that's when it comes down to, uh,
Speaker 1: this this team saying consistent. You know, that's one thing
Speaker 1: we'll be able to do all year. You know, when
Speaker 1: it doesn't matter who we're playing. You know, if it's
Speaker 1: a you know, best team in the a L, or
Speaker 1: if it's you know, the team in last place, we're
Speaker 1: gonna go out there and you know, trying to win
Speaker 1: every single game, win every single series. And I think
Speaker 1: that's one thing that's helps uparate us this year from
Speaker 1: last year. Judge as thirty three home runs, that's how
Speaker 1: many Roger Marras had at this time, and even this
Speaker 1: nineteen six one with sixty one homers match turned for
Speaker 1: the break tomorrow City Field versus San Diego. James Harden
Speaker 1: traded by Brooklyn the Philadelphia. He declined to forty seven
Speaker 1: million dollar option. He's now resigned with the Sixers, will
Speaker 1: make less, but can be a free agent again next year.
Speaker 1: The forty Niners last year traded up drafted Tray Lance
Speaker 1: to be their quarterback. The incumbent QB Jimmy Garoppolo, has
Speaker 1: now recovered from shoulder surgery, and the Niners have told
Speaker 1: his agent to try and work out a trade. Seattle, Houston,
Speaker 1: and Cleveland seen as possible destinations. Giants begin training camp
Speaker 1: next week. The Giants news is that for two home
Speaker 1: games this season, they will wear the uniforms they wore
Speaker 1: back in the nineteen eighties and nineties. John stash Ward
Speaker 1: Bloomberg Sports, Nathan all Right, John thanks SMP futures down
Speaker 1: down two points, Stown futures down fifty eight, nastact futures
Speaker 1: moving higher now of eighteen points ten. Your treasury down
Speaker 1: six thirty seconds. The yield three point zero four percent,
Speaker 1: the euro one point zero one eight eight against the dollar,
Speaker 1: head of an ECB decision and pulled. Litical turmoil in
Speaker 1: Italy Bloomberg opinion columnist Marcus Ashworth joins us next Bloomberg
Speaker 1: eleven three oh weather heat advisory through eight p m. Sunday.
Speaker 1: We could have strong thunderstorms this afternoon, going up to
Speaker 1: the low nineties, low nineties tomorrow, mid nineties. Saturday could
Speaker 1: hit a hundred by Sunday. Right now eighty in Central
Speaker 1: Park markets, headlines and breaking news twenty four hours a
Speaker 1: day at Bloomberg dot Com, the Bloomberg Business at and
Speaker 1: at Bloomberg Quick Tape. He's a Bloomberg Business Flash and
Speaker 1: I'm Karen Moscow. European stocks are steady with US stock
Speaker 1: index futures as investors brace for the European central banks
Speaker 1: first interest rate hike in eleven years, while Russia resumes
Speaker 1: sending gas to Europe through a keep pipeline, dispelling investors
Speaker 1: worst fears. We checked the markets every fifteen minutes throughout
Speaker 1: the trading day on Bloomberg. Right now is in P futures,
Speaker 1: they're little change. Dow futures down fifty five and nowsday
Speaker 1: futures higher twenty six. The decks in Germany is down
Speaker 1: a third of a percent. The ten year treasury down
Speaker 1: five thirty seconds you three point four percent yield on
Speaker 1: the two year three point two three percent. Ninemex screwed
Speaker 1: Oiola is down about five percent, down four dollars seventy
Speaker 1: nine cents and ninety five dollars nine cents of barrel.
Speaker 1: COMEX School is down one point two percent or twenty
Speaker 1: dollars at six ninety seven seventy. The euro one p
Speaker 1: seven against the dollar, British pound one point one two
Speaker 1: and the end at one thirty eight point seven one.
Speaker 1: And looking at bitcoin, it's down one point one percent
Speaker 1: at twenty two thousand, nine hundred ninety five dollars. That's
Speaker 1: a Bloomberg business flash. Now here's John Tucker with more
Speaker 1: on what's going on around the world. John he Good morning, Karen.
Speaker 1: President Blinden's today but announce investments in new efforts to
Speaker 1: approve community policing in crime prevention. Russia's biggest pipeline at Europe,
Speaker 1: nord Stream one, has restarted the committee investigating the assault
Speaker 1: on the Capitol plans to proceed with a prime time
Speaker 1: hearing tonight. Mario Droni resigns as Italy's Prime minister, throwing
Speaker 1: that country in the turmoil. Sports. Major League Baseball returns
Speaker 1: to action tonight after the All Star Break Global News
Speaker 1: twenty four hours a day on here and on Bloomberg
Speaker 1: Quick Take power by more than twenty seven hundred journalists
Speaker 1: and analysts in more than one hundred twenty countries. I'm
Speaker 1: John Tucker. This is Bloomberg. Nathan alright, John, thank you
Speaker 1: at his six nineteen on Wall Street Life from the
Speaker 1: Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak. On the
Speaker 1: morning of high drama in Europe. We bring in Bloomberg
Speaker 1: opinion columnist Marcus Ashworth on Italian Prime minister drags resignation
Speaker 1: just as his former body, the ECB gets ready for
Speaker 1: a key policy decision. Marcus good warning, what a confluence
Speaker 1: of events. What could drag eas resignation mean for the
Speaker 1: Eurozone more broadly? Oh? Um, well, it can be a lot.
Speaker 1: Or at the moment it's uh, he's gonna hang around
Speaker 1: to October um when as a caretaker, and you know,
Speaker 1: this is Italian politics, he could well come back, so
Speaker 1: don't count him out completely yet. But he has had
Speaker 1: his resignation formally accepted by the President Mattarella, which means
Speaker 1: that you know this in theory is the end and
Speaker 1: there will be an election in October six. Obviously, Italian
Speaker 1: bonds didn't take it very well. Having rallied hard yesterday,
Speaker 1: they've collapsed today. It's still not at levels seen perhaps
Speaker 1: you know last month in June, which was you know,
Speaker 1: really quite scary at one point teny years got over
Speaker 1: four four point two percent. So we're not at those
Speaker 1: levels yet. But we are waiting for the ECB and
Speaker 1: they're anti fragmentation tool a new safety net um. It's
Speaker 1: it's it's not gonna be called QUI. It's it's exactly
Speaker 1: like Q in every shape allards. Eyes are packed. Apart
Speaker 1: from the fact they tell you that it's not. Nonetheless,
Speaker 1: if that's a proper stake in it as an unlimited one,
Speaker 1: then I think Italian bonds will probably relax them and
Speaker 1: we can calm down. We also got the first rate
Speaker 1: height today. It's all coming at the same time. It's
Speaker 1: crazy for the moment um. Don't panic too much to
Speaker 1: this anti fragmentation. To all that works affecting from the
Speaker 1: e CV today apply to the ongoing turmoil in Italian politics.
Speaker 1: I mean, Italian political turmoil is almost par for the
Speaker 1: course in some ways, isn't it. You've got to the
Speaker 1: nub of it there, and it basically if the ECB
Speaker 1: has a really tricky problem here and trying to portray
Speaker 1: that any safety in it is not monetary financing. They're
Speaker 1: not just simply banning out of government which is not
Speaker 1: in control of its finances. And that's gonna be the
Speaker 1: really tricky one. Is there going to be some form
Speaker 1: of political and economic underwriting of of when this particular
Speaker 1: tool can be used or is it blind to all
Speaker 1: these different things? Who gets to interpret that? Uh? And
Speaker 1: that is going to be very very difficult thing for
Speaker 1: obviously Germany. To another more sort of austere countries is
Speaker 1: when it comes to financial prolicies, how they take it,
Speaker 1: how they react to it. You know, could there be
Speaker 1: a fifty basis point rate height to you know, perhap
Speaker 1: bribe them into accepting a more comprehensive safety net. Or
Speaker 1: there are also the possibility we don't get the full
Speaker 1: details today or not sufficient details from the market. It's
Speaker 1: a long summer Togo. The next proper meeting might beti
Speaker 1: September um when we are expecting a bigger right hike.
Speaker 1: But the point areas is that they President Leguard has
Speaker 1: got to deliver on a number of different fronts today
Speaker 1: and a very difficult political backdrop. The chances of it
Speaker 1: all going wrong and telling yields blowing out are clearly
Speaker 1: very high. But she's gonna have to do a very good, big,
Speaker 1: confident job telling is all that everything's gonna be fine.
Speaker 1: Since you brought up the debate over whether we're gonna
Speaker 1: see fifty basis points or twenty five, let's get into
Speaker 1: that a little bit. What is the case for the
Speaker 1: ECB to sort of blow past its guidance and deliver
Speaker 1: a bigger hike. Well, it's not of themselves. Like always,
Speaker 1: they're always getting their own way, and they could really
Speaker 1: step elegantly out this and claim the days dependent and
Speaker 1: but they do that, it means the whole forward guidance
Speaker 1: stick and the whole way they've approached everything up to
Speaker 1: now are very clearly sing things out will be blown
Speaker 1: out the water and it will be embarrassing and also
Speaker 1: would make it seem that President the Garden her chief
Speaker 1: economists Philip Laine, who are more the Dovish irons, have
Speaker 1: been overruled and outvoted. So um Therefore, I think they
Speaker 1: probably will stick with twenty five basis points, even though
Speaker 1: I believe like most people they should go fifty. So
Speaker 1: you know, all to play for here, And as I said,
Speaker 1: it's not the most important thing today is whether the
Speaker 1: word unlimited is used with this antifragrammentation tools. If it's not,
Speaker 1: and it's couched in terms which make it unlikely that
Speaker 1: certain countries will will take it and use it, will
Speaker 1: be allowed to or be changed legally, then the whole
Speaker 1: effect could go unwind and that probably more important than
Speaker 1: whether it's twenty five or fifty. Now last less than
Speaker 1: a minute here, Marcus, what about the energy uncertainty with
Speaker 1: the nord Stream pipeline at least partially getting flows back going.
Speaker 1: How does that factor into whatever the UCV decides. Well,
Speaker 1: it's just am A getting delayed. I mean, I think
Speaker 1: obviously they'll be grateful for that. They won't and shouldn't
Speaker 1: take too much comfort for it. It can turn back
Speaker 1: off again. There's still the turbine sort of refurbishment issue
Speaker 1: to play for. But the moment, it just looks like,
Speaker 1: as as we most people expected a little bit of
Speaker 1: mind games here or game theory going from Russia. They've
Speaker 1: turned I've turned it back on. That's the short term
Speaker 1: good news doesn't mean there will be any chance of
Speaker 1: getting up to proper capacity by the wintertime. It's still
Speaker 1: very much open and to playful. So it's just it
Speaker 1: could have been worse today that it could not have started.
Speaker 1: The fact that has is, I suppose a small good news,
Speaker 1: but an awful lot more to happen. It's gonna be
Speaker 1: a busy day, yeah, busy summer as you alluded to.
Speaker 1: Thank you, Marcus great having gone with us. Marcus Ashworth
Speaker 1: of Bloomberg Opinion. Check out more from our opinion calumnists
Speaker 1: O P. I N Go on the Bloomberg Terminal or
Speaker 1: NI Ashworth Girl see everything. Marcus is contributing as part
Speaker 1: of our team of opinion calumnists on the Bloomberg Terminal.
Speaker 1: Right now, SMP futures little change down a point. Dow
Speaker 1: future is down fifty one, Nastack futures are higher by
Speaker 1: twenty four points ten. Your treasury down five can seal
Speaker 1: three point zero four percent? This is Bloomberg Bloomberg eleven
Speaker 1: three or whether the heat wave continues Heat advisory till
Speaker 1: eight p m. Sunday today. We could see some strong
Speaker 1: storms right now It's eighty degrees in Central Park. Broadcasting
Speaker 1: live from the Bloomberg Interacted Broker Studio in New York.
Speaker 1: Bloomberg E Living Freedom to Washington, d C. Bloomberg one
Speaker 1: to Boston, Bloomberg one, O six one to San Francisco,
Speaker 1: Bloomberg nine sixt to the Country, Sirius XM Till the
Speaker 1: one nine team, and around the globe the Bloomberg Business
Speaker 1: apt and Bloomberg Radio dot Com. This is Bloomberg Daybreak
Speaker 1: six thirty on Wall Street. Good morning, I'm Nathan Hagar,
Speaker 1: but I'm Karen Moscow. We are just about three hours
Speaker 1: away from the open of US trading. Time for the
Speaker 1: five things that you need to notice. Start your day
Speaker 1: bronck to you by Interactive Brokers. Interactive Brokers symbol IBK,
Speaker 1: our Global Trader app. Deposit in your local currency and
Speaker 1: trade stocks in the US, Europe and Asia. Start your
Speaker 1: free trial at ibkr dot com. Slash Global Trader. First
Speaker 1: returned to Italy, where Prime Minister Mario drag has offered
Speaker 1: his resignation to Italy's president. The move comes as the
Speaker 1: European Central Bank is set to raise interest rates today.
Speaker 1: Bloomberg News Senior editor in Italy, Gerald Colton says it
Speaker 1: makes the ECB meeting all the more important. It underscores
Speaker 1: the fragility of countries like Italy. You can see that
Speaker 1: the bond the bond market has closely tracked the stability
Speaker 1: of the draggy government jog. He has been seen as
Speaker 1: the sort of a guarant for of obstability for for
Speaker 1: Italy and for you know, and for the weaker countries
Speaker 1: in in the European Union at large. In reasones the
Speaker 1: States for what's happening today, Bloomberg News Senior editor Gerald
Speaker 1: Coulton says elections are the next step in Italy, likely
Speaker 1: to take place later this year. Well. Turning to US
Speaker 1: corporate earnings, Karen Shares of Tesla are up three and
Speaker 1: a half percent in early trading. The EVY leaders second
Speaker 1: quarter earnings beat Wall Street estimates. Morning Star Energy and
Speaker 1: Resources equity analyst Seth Goldstein has more on the company's
Speaker 1: outlook this year. A few surprises, no announcements of new
Speaker 1: vehicle delays or anything. The four, six, eight cells are
Speaker 1: still ramping up. So all in all, just another quarter
Speaker 1: where Tesla will continue to execut and I've expected things
Speaker 1: to improve throughout the rest of the year. Well Learning
Speaker 1: star Seth Goldstein says lockdowns in China do pose a
Speaker 1: threat to Tesla this year. Meanwhile, a growing number of
Speaker 1: companies are slamming the brakes on hiring. Bloomberg's or Needy
Speaker 1: Young joins US Live with more on that story. Good morning, Ready,
Speaker 1: Good morning Karen. Microsoft, Google, and Lift are some of
Speaker 1: the latest companies to freeze hiring as a recession fears loom,
Speaker 1: inflation mounts, the war in Ukraine continues, and the lingering
Speaker 1: pandemic takes a toll. Microsoft is eliminating many job openings.
Speaker 1: Google's pausing hiring for the next two weeks. Lift is
Speaker 1: shutting down a division and trimmy jobs. Meanwhile, Bloomberg so
Speaker 1: versus say Ford is preparing to cut as many as
Speaker 1: eight thousand jobs in the coming weeks. Live in New York.
Speaker 1: I'm really need a Young Bloomberg daybreak. Thanks for Needing.
Speaker 1: The news of the slowdown in corporate hiring comes as
Speaker 1: the Labor Department gets ready to issue weekly jobless claims.
Speaker 1: Data economists forecast claims will remain elevated after they set
Speaker 1: a record low earlier this year, and a t n
Speaker 1: T crossing the Bloomberg now right now, it's earning second
Speaker 1: quarter profit, beating analysts Estimates. Says the five things you
Speaker 1: need to notice start your day, brought to you by
Speaker 1: Interactive Brokers, straight Ahead, your latest local headlines, Spuster, check
Speaker 1: of Sports, and this is Bloomberg. Thanks Karen. We're at
Speaker 1: six thirty three on Wall Street, seventy nine degrees in
Speaker 1: Central Park with that heat advisory all week long. Still
Speaker 1: dealing with an accident southbounds two eight seven. It's closed
Speaker 1: after roots seventeen. John Tucker has more on what's going
Speaker 1: on in New York and around the world. John Man,
Speaker 1: if you were looking for a quick relief from shoring temperatures, Nathan,
Speaker 1: forget about it. Bloomberg Metirama just just Rob caren Lyin
Speaker 1: says we will be approaching triple digits. John. The Tristate
Speaker 1: area now under a heat advisory until eight p m. Sunday.
Speaker 1: It is going to be very uncomfortable over the next
Speaker 1: couple of days. Tomorrow is the best day out of
Speaker 1: the next four because the humidity falls a little bit,
Speaker 1: but it's still very hot. Big issue today not only
Speaker 1: the heat, but the potential for afternoon showers and thunderstorms.
Speaker 1: Some of which may be strong with heavy rain, vivid lightning,
Speaker 1: and gusty winds, and by Sunday we could see parts
Speaker 1: of the Tristate area near hundred John Bloomberg meteorologists rob Caroline,
Speaker 1: civil engineers and transit authorities. So the heat is threatening
Speaker 1: rail networks, amtrack and posed heat related speed restrictions within
Speaker 1: its northeast quarter. The pharmaceutical giant Visor expanding its facilities
Speaker 1: in New York. More of that story from Bloomberg's Jeff Bellinger.
Speaker 1: Visor will spend four hundred seventy million dollars to expand
Speaker 1: its vaccine research facilities twenty five miles northwest of the city.
Speaker 1: The drugmaker will construct a new building and renovate existing
Speaker 1: facilities on its campus in Pearl River that has been
Speaker 1: the nexus of oborratory research driving its vaccine programs, including
Speaker 1: the one for COVID. In partnership with myon Tech, the
Speaker 1: company hopes to maintain its edge in the booming field
Speaker 1: of Messenger RNA. Jeff Bellinger Bloomberg debris Russia's moving to
Speaker 1: annex occupied Ukrainian territories. The Kremlin in a dashed to
Speaker 1: hold referendums in those areas occupied by its troops to
Speaker 1: give grounds for President Putin to absorb them into Russia.
Speaker 1: Sources tell Bloomberg it could come as early as September. Meantime,
Speaker 1: Russia started sending gas through its biggest pipeline to Europe.
Speaker 1: The resumption of exports will provide some relief for the
Speaker 1: continent that's racing to store the fuel before winter, but
Speaker 1: now may also ease fears of a massive economic damage
Speaker 1: to the European Union. And a healthy majority of Americans
Speaker 1: don't want to see either Joe Biden or former President
Speaker 1: Trump run again. That's according to a Quinnipiac University poll.
Speaker 1: Biden's approval rating filled to thirty one percent. Fully sixty
Speaker 1: four percent of Americans. I don't want to see Trump
Speaker 1: make another White House bid, according to the Pole Global
Speaker 1: News twenty four hours a day on errand on Bloomberg
Speaker 1: Quicktake power by more than twenty seven hundred journalists and
Speaker 1: analysts and more than one twenty countries. I'm John Sucker.
Speaker 1: This is Bloomberg, Nathan, Thank you, John. Almost six thirty
Speaker 1: six on Wall Street, John Stashower has a Bloomberg Sports update.
Speaker 1: Thanks to Nathan Yankees and Astros, We're supposed to start
Speaker 1: the season in Houston, that series put off due to
Speaker 1: the lockout. Yanks went there a few weeks ago for
Speaker 1: one game. They're back today for a day night double.
Speaker 1: Ahead of these two far and away the two best
Speaker 1: teams in the American day, they could certainly be meeting
Speaker 1: in October, and if so, it would almost certainly be
Speaker 1: for the pennant Astro's have ended the Yanks season three
Speaker 1: times since two thousand and fifteen, twice in the ALCS.
Speaker 1: It's been so far a storybook season for Aaron Judge.
Speaker 1: Thirty three home runs and playing for a team that
Speaker 1: is sixty four and there's still a long way to go.
Speaker 1: You know, this team and you know myself, we set
Speaker 1: ourselves up for a good position. Um, there's still a
Speaker 1: lot of baseball to players. Still a lot of game
Speaker 1: is to play, you know. So the minute I sit
Speaker 1: back here and you know, sit back in a comfy
Speaker 1: chair and say, well, you know, we got thirty homers,
Speaker 1: we got this and that, then someone's gonna pass to
Speaker 1: our next team is gonna, you know, start creeping up
Speaker 1: on You're gonna standing and so I just you gotta
Speaker 1: keep her, you gotta keep the blinders on. That's what
Speaker 1: certainly all start break tomorrow at home against San Diego.
Speaker 1: Jacob Degram today will throw a simulated game, pushed back
Speaker 1: a couple of days, but the hope is that the
Speaker 1: next time to Grams on the mound, it's his Mets
Speaker 1: season debut. James Harden, staying in Philadelphia, acquired in a
Speaker 1: trade with the Nazi, declined a forty seven million dollar option,
Speaker 1: signed for less, but he can be a free agent
Speaker 1: again next year. As to the Nets, trying to decide
Speaker 1: what to do, Kevinaurant wants to be traded, will they
Speaker 1: keep Kyrie Irving? And the next said to be attempting
Speaker 1: to acquire Donovan Mitchell from Utah, but the latest word
Speaker 1: on that is that the Jazz are in no hurry.
Speaker 1: Miles Bridges, Charlotte's leading score last season, was in court
Speaker 1: yesterday pleading not guilty the three felony domestic violence charges.
Speaker 1: The forty Niners have told quarterback to be Garoppolo's agent
Speaker 1: to try and work out a trade as they make
Speaker 1: room for Trey Lance. The Giants announced they were throwback
Speaker 1: uniforms twice next season. Golf Andrik Stenson joined the Staudi
Speaker 1: back Lift Tori. He has now had his job of
Speaker 1: European Ryder Cup captain taken away. John Stash a Bloomberg
Speaker 1: Sports Nathan Okay, John, thank you. It is six thirty
Speaker 1: seven on Wall Street. Time to take a look at
Speaker 1: stock some of the names moving in the pre market.
Speaker 1: For that, we're joined this morning by Bloomberg Market slave
Speaker 1: reporter Heather Burke. Heather, good morning. Sounds like Tesla investors
Speaker 1: liked what they heard from earnings last night. Yeah, Hei, so,
Speaker 1: Tessa was up about three point five. Um. So, the
Speaker 1: electric vehicle maker reported second quarter profit that beat, and
Speaker 1: it kept its production forecast for fifty average annual growth
Speaker 1: over a multi year horizon. Um Musk said that the
Speaker 1: company were going through supply chain hell, but believes that
Speaker 1: it can emerge from it in the second half of
Speaker 1: the year. Um. The flip side to that is some
Speaker 1: crypto exposed stock such as micro Strategy and coin base
Speaker 1: are dropping in pre market trading. Um. That's because bitcoin
Speaker 1: into declines after Tesla disclosed that it's sold the majority
Speaker 1: of its holdings during the second quarter. Yeah, not surprising
Speaker 1: to see that kind of move after that sort of
Speaker 1: eyeball raising announcement from Elon Musk. Karen also just mentioned
Speaker 1: moments ago we got earnings from A T and T
Speaker 1: and earnings beat. How's that stuck doing. Yeah, it's still
Speaker 1: a little bit. Um So the exceeded the estimates on
Speaker 1: profit and wireless subscriber groups because of deep growth because
Speaker 1: of deep discounts on new phones. Um even though you
Speaker 1: know bills are getting more expensive. But the company lowered
Speaker 1: its free cash flow forecast because of higher spending on
Speaker 1: those promotions and network gear. Okay, and we got some
Speaker 1: other earnings as well, including al Cola. Another earnings beat there. Yeah,
Speaker 1: so they are up about five six um so it's
Speaker 1: aluminum producer. They are adjusted EBATA topped average analysts estimates,
Speaker 1: and they also announced an additional five million authorization for
Speaker 1: future repurchases. And some news from Carnival a share offering
Speaker 1: for the cruise line. Yes, so they are down like
Speaker 1: eleven percent in pre market trading, and also that you
Speaker 1: Care Shop shares have been down, so they are launching
Speaker 1: a one billion dollar share offering. It's one of the
Speaker 1: largest US equity races to date. Um. It has to
Speaker 1: help address its debt maturities. And finally, Heather muted outlook
Speaker 1: from United Airlines. Yeah, so they are limiting flying for
Speaker 1: the rest of this year and killing its growth plans
Speaker 1: next year because they're trying to get a handle on
Speaker 1: the flight disruptions that are royal the industry. That being said,
Speaker 1: it continues to expect profits amid robust travel demand. So
Speaker 1: these two factors are really weighing on airline stocks. Okay,
Speaker 1: thank you as always. Bloomberg Markets Live reporter Heather Burke.
Speaker 1: Check out more of her work on the Markets Live
Speaker 1: blog m l I v GO M Live on the
Speaker 1: Bloomberg terminal. Looking ahead to the market open, SMP future
Speaker 1: is little changed, down one point. The future is down
Speaker 1: fifty three Nastack futures are higher just a bit, up
Speaker 1: twenty six points. The tenure Treasury is down to thirty seconds.
Speaker 1: Yield three point zero three percent yield on the two
Speaker 1: year three point to two. You're listening to Bloomberg Daybreak
Speaker 1: Bloomberg eleven three oh weather heat advisory through eight pm Sunday.
Speaker 1: Strong storms possible this afternoon, low nineties sunshine, low nineties
Speaker 1: tomorrow could hit a hundred by Sunday. Right now seventy
Speaker 1: nine in Central Park, Markets headlines and breaking news twenty
Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg
Speaker 1: Business at hand at Bloomberg Victape, He's a Bloomberg Business
Speaker 1: flash and I'm Karen Moscow. SMP futures are moving lower
Speaker 1: this morning. We got to the first word breaking news
Speaker 1: days for today's morning call, and here Bill Maloney, Bill,
Speaker 1: good morning, Hey, Good morning, Karen. Overall US futures trading
Speaker 1: mixed right now, with DEAT futures lotted by seventy eight points.
Speaker 1: Like you said, smps are down, while Nasdaq futures are
Speaker 1: higher by nine. The US ten year old at three
Speaker 1: point oh four percent, Gold is down twelve. Oil is
Speaker 1: also under pressure, and bitcoin is down by one point
Speaker 1: to percent. Hong Kong fell one and a half percent overnight,
Speaker 1: while europ markets are trading mixed this morning, and back
Speaker 1: in the US on the economic front, at A thirty
Speaker 1: initial jobs claims and Philly fed after develous night. Tesla
Speaker 1: epsped simates it also sold a chunk of its steak
Speaker 1: in bitcoin and regarding earnings this morning, a T and
Speaker 1: T E p sped estimates also look for Philip Morris
Speaker 1: and Union Pacific to report in the pre market and
Speaker 1: under news Carnival is selling a billion in stock and
Speaker 1: wrapping things up. Docu sign was cut to underweight over
Speaker 1: at Piper Live from the first Breaking news descom Bill Maloney.
Speaker 1: Karen all right, Bill, thank you, man to hear live
Speaker 1: breaking news over your Bloomberg type squawk on your terminal
Speaker 1: squ a w K and that's a Bloomberg business flash down.
Speaker 1: Here's John Tucker with more on what's going on around
Speaker 1: the world. John and Karen. The committee investigating the assault
Speaker 1: on the Capitol plans to proceed with a prime time
Speaker 1: hearing tonight. Mario Drage resigns as Italy's Prime Minister, throwing
Speaker 1: that country into turmoil. And Russia's biggest pipeline to Europe.
Speaker 1: Nord Stream one has restarted. Sports. Major League Baseball returns
Speaker 1: to action tonight after the All Star Break Global There's
Speaker 1: twenty four hours a day on Aerona Bloomberg Quick Take.
Speaker 1: We're powered by more than twenty seven hundred journalists and
Speaker 1: analysts and more than one twenty countries. I'm John Tucker.
Speaker 1: This is Bloomberg. Karen all right, John, thank you. It
Speaker 1: is sixty eight on Wall Street returned to news and
Speaker 1: Science and Technology Now with the Bloomberg and J I. T.
Speaker 1: Stemm report. It is that brought to you by New
Speaker 1: Jersey Institute of Technology, ranked top fifty national public university
Speaker 1: by US News and World Report and number fourteen in
Speaker 1: the nation on Money's Best Colleges List. Learn more at
Speaker 1: n J I T DOT E d U and here's
Speaker 1: just making news. In science, Technology, engineering, and math. Tesla
Speaker 1: has sold a significant and chunk of its steak and
Speaker 1: bitcoin the electric car makers one and a half billion
Speaker 1: dollar investment in the cryptocurrency last year helped legitimize it,
Speaker 1: and a shareholder letter out Wednesday, Tesla said it has
Speaker 1: converted roughly sevent its bitcoin into fiat currency. A bitcoin
Speaker 1: impairment hurt second quarter profit. China has find ride hailing
Speaker 1: giant d D Global more than one point two billion dollars.
Speaker 1: That wraps up a year long investigation that symbolized Beijing's
Speaker 1: tough campaign to rain in its powerful internet industry. Last year,
Speaker 1: d D pushed ahead with an i p O in
Speaker 1: the US against the government's wishes, and on the fifty
Speaker 1: three anniversary of the Apollo eleven lunar landing, NASA announced
Speaker 1: yesterday it's shooting for a late August launch of its
Speaker 1: giant new Moon rocket. NASA will attempt the more than
Speaker 1: month long lunar test flight with three mannequins but no astronauts.
Speaker 1: The thirty story is Space launch System rocket and attached
Speaker 1: to Ryan capsule are currently in the hangar at Kennedy
Speaker 1: Space Center following repairs stemming from last month out down
Speaker 1: test and as of Bloomberg and j I t stem
Speaker 1: report Nathan small step for mannequins. All right, Karen, thank you,
Speaker 1: six fifty on Wall Street. We're live from the Bloomberg
Speaker 1: Interactive Broker Studios. Time now to check what's going on
Speaker 1: in d C. Some of the top stories in our
Speaker 1: nation's capital include President Biden seeing a call with China's
Speaker 1: Chi Jin Ping in the next ten days, the President
Speaker 1: to propose a new policing plan with worries about crime
Speaker 1: on the rise, and Democrats making new bids to ban
Speaker 1: assault weapons, support same sex marriage, and today decriminalized marijuana.
Speaker 1: Also making news, the final prime time hearing set for
Speaker 1: the House January six committee. Let's get a preview now
Speaker 1: from Bloomberg Government congressional reporter Jack Fitzpatrick and Jack I
Speaker 1: suspect the number we are going to hear a lot
Speaker 1: tonight from the January six committee is seven. Yes, that
Speaker 1: is the number of minutes of inaction that they are
Speaker 1: highlighting from Donald Trump at the time. Uh, they'll be
Speaker 1: sort of zeroing in on what he didn't do to help,
Speaker 1: including the long delay before you put out a video
Speaker 1: message asking people to go home. So this will be
Speaker 1: hearing very focused on Trump's in action or some actions,
Speaker 1: and why the committee feels that he was derelict of
Speaker 1: duty on January six, the and and really zeroing in
Speaker 1: on the primary character they're focused on rather than the
Speaker 1: peripheral people. They have two Trump aids who were will testify,
Speaker 1: and as we've seen in other hearings, a lot of
Speaker 1: videos from the interviews they've done with others. Now, the
Speaker 1: committee up to now had sort of telegraph that this
Speaker 1: was going to be a culmination, this final prime time hearing,
Speaker 1: but there's still investigating, right, I mean they're still getting
Speaker 1: information coming in. Yeah, it's less clear exactly how the
Speaker 1: committee is going to wrap things up. Now. There's potential
Speaker 1: for more hearings there, they could continue talking to people.
Speaker 1: There's the outstanding questions of the missing Secret Service text messages. Um,
Speaker 1: it's just Over the course of the last couple hearings,
Speaker 1: there's been enough news, uh to sort of motivate the
Speaker 1: thought that they could continue this. How they wrap it
Speaker 1: up exactly is not clear. They still plan to do
Speaker 1: a report in September, but that's more likely to be
Speaker 1: an interim report than a final report. And we don't
Speaker 1: know exactly when to expect any criminal referrals going to
Speaker 1: the Justice Department, which really would be that would be
Speaker 1: the biggest culmination of all of this, But there's not
Speaker 1: really a timeline for this to be wrapped up just yet.
Speaker 1: All Right, Well, we'll see how this final primetime hearing goes.
Speaker 1: At least to this trunch. We'll have live coverage for
Speaker 1: you this evening starting APM. Wall Street Time right here
Speaker 1: on Boomberg Radio. In the meantime, Jack, President Biden's back
Speaker 1: from that climate announcement in Massachusetts and making some news
Speaker 1: about his plans to have a conversation once again with
Speaker 1: the president of China. Yeah. President Biden said he expects
Speaker 1: to speak with Shijin Ping in the next day, next
Speaker 1: ten days. Uh. So, it raised a lot of questions
Speaker 1: about one China hasn't the Chinese government hasn't confirmed that
Speaker 1: it's not on the schedule yet, but it's obviously a
Speaker 1: major bilateral relationship. It it raises questions about Trump tariffs
Speaker 1: and if the Trump administration and tariffs are going to
Speaker 1: be eased off at all, or if there will be
Speaker 1: a conversation about that given the inflation numbers that we've
Speaker 1: seen in the pressure that tariffs can create. Uh, the
Speaker 1: the relationship with Russia and frustration that China didn't join
Speaker 1: other countries in UH in pressuring Russia due to their
Speaker 1: invasion of Ukraine. UH, climate is a major one. Uh.
Speaker 1: We haven't gotten confirmation of, you know, the timing or
Speaker 1: exactly what the agenda is, but the fact that President
Speaker 1: Biden himself says he expects this call to happen is
Speaker 1: very significant. Yeah. And even if tariffs don't necessarily come
Speaker 1: up directly, Jack, I mean, there are, as you allude to,
Speaker 1: a lot of pressure point between the US and China,
Speaker 1: particularly with these reports that how Speaker Nancy Pelosi might
Speaker 1: be thinking of going to Taiwan next month. Yes. Uh,
Speaker 1: that actually was planned even earlier in the spring, and
Speaker 1: Pelosi got COVID and that put it off. Biden just
Speaker 1: said yesterday that the US military doesn't think that's a
Speaker 1: good idea to do that. UH. For for Pelosi to
Speaker 1: make that trip to Taiwan should be the highest ranking
Speaker 1: UH member of the US government to visit Taiwan in
Speaker 1: many years. UH. It's interesting to see that divide with
Speaker 1: Biden acknowledging that there is some pushback to Pelosi's plans,
Speaker 1: but he he didn't say he is actively lobbying against
Speaker 1: it from happening. UH. So that that would be clearly
Speaker 1: the biggest August Recess Codel congressional delegation visit of the
Speaker 1: year for sure if it happens. Now we know President
Speaker 1: Biden has another trip on his schedule today. This one,
Speaker 1: I guess is focused on crime fighting initiative. Yes, he's
Speaker 1: going to wilkes Bury, Pennsylvania. He's got uh an outline
Speaker 1: that the White House put out this morning calling essentially
Speaker 1: for a thirty five billion dollars Safer America plan in
Speaker 1: addition to two billion dollars he's requested through the normal
Speaker 1: funding process. UH. There are a few things in there. One,
Speaker 1: there's he wants to start a fifteen billion dollar grant
Speaker 1: program to hire and train a hundred thousand police officers.
Speaker 1: He's gonna be talking about that kind of thing, UH
Speaker 1: in Wilkes Barre, which is actually represented by Matt Cartwright,
Speaker 1: UH Democrat in the House, who faces a competitive reelection campaign,
Speaker 1: who's also in charge of the subcommittee for funding the
Speaker 1: Justice Department and police grants. So clearly a bit of
Speaker 1: a response from the White House to UH public frustration
Speaker 1: with crime and dissatisfaction with the Biden administration's response to it. UH.
Speaker 1: This is not a piece of legislation with a glide
Speaker 1: path forward, but it shows the President feels the need
Speaker 1: to respond to some of that dissatisfaction with more plans
Speaker 1: UH in support of police. In our last minute here, Jack,
Speaker 1: there's been so much focus on Capitol Hill on the
Speaker 1: negotiations over an economic package, but all of a sudden,
Speaker 1: it seems like Democrats are spinning a lot of plates
Speaker 1: now with an assault weapons ban moving forward, a gay
Speaker 1: marriage bill, and now this morning, a bill to decriminalize marijuana. Yeah,
Speaker 1: quite a few things that they're trying to fit in
Speaker 1: before heading out in UH it early August for about
Speaker 1: a month long recess on the UH markup of the
Speaker 1: assault band weapon one that is something that the President
Speaker 1: might get into today. The Judiciary Committee got that out
Speaker 1: of committee. It's something very difficult, uh, to get on
Speaker 1: the floor with the very narrow margin that Democrats have
Speaker 1: on the House floor. Uh. Interesting that to see them
Speaker 1: push that, but they may not end up having enough
Speaker 1: votes to pass it on the House, let alone the Senate. Uh.
Speaker 1: The gay marriage one may potentially get sixty votes in
Speaker 1: the Senate. We're still amid a whip count to see
Speaker 1: if they can get ten Republicans to joining in. Uh.
Speaker 1: It's possible that that could get the requisite sixty votes. Uh.
Speaker 1: Probably a better chance of that than the assault assault
Speaker 1: weapon ban Alright. Bloomberg Government Congressional reporter Jack Fitzpatrick with
Speaker 1: us this morning from our Bloomberg studios in Washington, d C.
Speaker 1: Where you can listen to Bloomberg Radio in the nation's capital.
Speaker 1: And of course you can find more on all these
Speaker 1: stories we've been talking about on Bloomberg dot Com or
Speaker 1: on the Bloomberg terminal. SMP Future is now down six
Speaker 1: points down. Future is down eighty four NASDACK Future is
Speaker 1: a touch higher, up six points now. Tenure Treasury is
Speaker 1: down to thirty seconds, yield three point zero three percent,
Speaker 1: and the yield on the two year right now three
Speaker 1: point to two percent. Bloomberg Surveillance is next, with Tom Keene,
Speaker 1: Jonathan Faraoll Kayley lines in for Lisa Abramowitz for Karen Moscow.
Speaker 1: I'm Nathan Hager. This is Bloomberg.