Speaker 1: Live from the Bloomberg Interactive Burger Studios. This is Bloomberg
Speaker 1: Daybreak for Wednesday, May fourth, two. Coming up this hour,
Speaker 1: Investors brace for the biggest FED decision in decades. Vice
Speaker 1: President Kamala Harris says women's rights are under attack by Republicans.
Speaker 1: A Trump backed candidate wins in Ohio, and Elon Musk
Speaker 1: reportedly planned to take Twitter public again in a few years.
Speaker 1: North Korea has launched another missile. Plus, comedian Dave Chappelle
Speaker 1: was attacked on stage. I'm Michael blar More Ahead, I'm
Speaker 1: John stash Our Sports Double Letters sweep for the max
Speaker 1: eleventh straight win for the Yankees. The Rangers lost Game
Speaker 1: one of the Penguins in triple overtime. That's all training
Speaker 1: ahead on Bloomberg Daybreak on Bloomberg eleven, Free on New York,
Speaker 1: Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston,
Speaker 1: Bloomberg nine sixties and Francisco, Syrias x AM one nine
Speaker 1: team and around the world on Bloomberg Radio dot Com
Speaker 1: and via The Bloomberg Business That Good morning, I'm Nathan
Speaker 1: Hager and I'm Karen Moscow and US Dock Index futures
Speaker 1: are higher this morning. We are coming up to find
Speaker 1: out what on Wall Street, and we check the markets
Speaker 1: every fifteen minutes throughout the trading day on Bloomberg and
Speaker 1: right now, SNP futures are up eleven points down Future
Speaker 1: is up seventy three and nasdack future is up twenty three.
Speaker 1: The ten year treasury up to thirty seconds, he L
Speaker 1: two point nine six percent, and the yield on the
Speaker 1: two year two point seven eight percent, and nine X
Speaker 1: screwed oil is up three and a third percent. It's
Speaker 1: at a hundred five dollars eighty five cents of barrel. Nathan, Karen,
Speaker 1: we begin this busy morning with the most widely anticipated
Speaker 1: Fed decision in years. Today's rate hike is just the beginning.
Speaker 1: That's according to former I m F Chief economist Kenneth Rogoff.
Speaker 1: I think the idea that just to three percent would
Speaker 1: be enough really unlikely. I think they're going to have
Speaker 1: to raise interest rates to four or five percent to
Speaker 1: bring inflation down to two and a half for three
Speaker 1: Former I m F Chief economist Kenneth Rogoff says inflation
Speaker 1: is now running it more than three times the central
Speaker 1: banks two percent target. We get more on this afternoon's
Speaker 1: FED decision from Bloomberg's Michael McKee. There may be more
Speaker 1: questions about how the markets will react to the FED
Speaker 1: than about what the Fed will do. A half percentage
Speaker 1: point rate hike is all but certain. The Fed will
Speaker 1: also outline how and when it will begin reducing the
Speaker 1: size of its balance sheet, but it already put most
Speaker 1: of those details into the minutes of their March meeting.
Speaker 1: Investors have already priced in both outcomes, so any market
Speaker 1: move likely depends on the Fed, particularly Chairman j Powell
Speaker 1: offering specific future guidance saying perhaps the Central Bank will
Speaker 1: raise rates by the same amount several times in a row,
Speaker 1: or Powell delivering a surprise, say, suggesting seventy five bases
Speaker 1: point hikes could be on the horizon. Michael McKee, Bloomberg Debris. Alright, Mike, thanks, So,
Speaker 1: of course we will have full coverage and analysis of
Speaker 1: the FED decision beginning at one pm Wall Street Time
Speaker 1: on a special edition of Bloomberg Surveillance. Well, the other
Speaker 1: big issue in Washington right now, Nathan, is abortion rights,
Speaker 1: following news that the Supreme Court may strike down Roe v. Wade.
Speaker 1: Vice President Kamala Harris is warning that women's rights are
Speaker 1: under attack. How dare they tell a woman what she
Speaker 1: can do and cannot do with her own body? How
Speaker 1: dare they? How dare they try to stop her from
Speaker 1: determining her own future. Vice President Harris spoke at the
Speaker 1: annual Emily's List conference in Washington. John del Volpe as
Speaker 1: director of polling at the Harvard Kennedy School Institute of Politics,
Speaker 1: and he says the leaked opinion could reshape the midterm elections.
Speaker 1: This is likely to be highly motivational for specifically young
Speaker 1: people who are unsure whether or not they're going to participate, because, um,
Speaker 1: they can now see in very tangible ways the difference
Speaker 1: than engagements mix and John de la Volpi of Harvard
Speaker 1: spoke at our Washington correspondent Joe Matthew on Bloomberg's Sound
Speaker 1: on Cash, the show weekdays at five pm Eastern Bloomberg Radio.
Speaker 1: And we should note the Supreme Court has confirmed the
Speaker 1: leaked opinion is authentic, but says it's not the Justice's
Speaker 1: final decision. We have another major political story this morning. Karen,
Speaker 1: a candidate backed by former President Donald Trump, has won
Speaker 1: the Ohio Senate Republican primary. Amy Morris has details from
Speaker 1: our Bloomberg newsroom in Washington. Venture capitalist J. D. Vance
Speaker 1: won the GOP primary in Ohio after trailing in the
Speaker 1: polls just three weeks ago, and he knew who to thank.
Speaker 1: I have absolutely got to thank the President United States
Speaker 1: Donal J. Trump. Ladies and gentlemen. Vance had called Trump
Speaker 1: unfit and noxious. In now he fully embraces him and
Speaker 1: his views. Analysts gosh and against reading too much into
Speaker 1: the outcome of just one race. Trump's endorsements will be
Speaker 1: tested in coming weeks with GOP primaries and states including Pennsylvania,
Speaker 1: North Carolina, and Georgia. In Washington on Maybe Morris Bloomberg daybreak,
Speaker 1: All right, Amy, thank you Now. The latest on the
Speaker 1: war in Europe. Russia is ship doing direction and its
Speaker 1: approach to the invasion of Ukraine, and Bloomberg's at Baxter
Speaker 1: reports this is nearly ten weeks into the war. On
Speaker 1: whether it's military installed in many areas, including just marginal
Speaker 1: gains in the East, Russia is now focused on annexation
Speaker 1: of the areas it is occupied. The Kremlin is installing
Speaker 1: occupation governments, ordering locals to use rubles for transactions. And
Speaker 1: in some cases organizing referendums to open the way for
Speaker 1: full annexation in public. The Kremlin says their advance will
Speaker 1: pick up, but for now this action is necessary. In
Speaker 1: San Francisco, I'm at Baxter Bloomberg Daybreak, alright, ed, Thanks
Speaker 1: On Wall Street Today, earnings continue to roll in For
Speaker 1: a look at some stocks on the move following yesterday's reports,
Speaker 1: were joined live by Bloomberg's John Tucker. Good morning, John,
Speaker 1: Good morning, Nathan. Lift is poised to wipe out more
Speaker 1: than a quarter of its market valuation after the right
Speaker 1: heiling company's second quarter outlook disappointed. Lift down twenty of
Speaker 1: the pre market. A plant increase in driver incentives could
Speaker 1: weigh on profits. In advanced micro devices gave US strong
Speaker 1: sales for a cast for the current quarter. The chip
Speaker 1: maker continues to make gains in computer data centers a
Speaker 1: m D A five percent in early trading at Starbucks
Speaker 1: reported US results that topped estimates those shares of four percent.
Speaker 1: Live in New York, I'm John Tucker, Bloomberg Daybreak, All right, John,
Speaker 1: Thank you. All more news this morning on Elon Musk
Speaker 1: and Twitter. Musk reportedly wants to eventually take Twitter public again,
Speaker 1: and we get the latest live from Bloomberg's Randy too Young.
Speaker 1: Good morning, Ready Town, Good morning Karen Elon. Musk says
Speaker 1: he's planning to take an I p O of Twitter
Speaker 1: as little as three years after buying it. That's according
Speaker 1: to Dow Jones, which reports Musk is taking talking with investors,
Speaker 1: including private equity firms, to help lower his twenty one
Speaker 1: billion dollar contribution to the deal. Private equity firms typically
Speaker 1: take publicly traded companies private to fix them out of
Speaker 1: the limelight, then within five years they take them public again.
Speaker 1: Live in New York, I'm ranit a Young Bloomberg Daybreak.
Speaker 1: All right, we need to thank you in a programming note.
Speaker 1: Join us this morning when we speak live with JP
Speaker 1: Morgan Chase CEO Jamie Diamond. It's coming up in a
Speaker 1: little more than our six thirty a m. Wall Street
Speaker 1: time on both Bloomberg Radio and television. Future is moving
Speaker 1: a little bit higher on this FED Decision Day, straight ahead,
Speaker 1: your latest local headlines, and the check of sports. This
Speaker 1: is Bloomberg South, five oh seven on Wall Street. We
Speaker 1: got rained this morning fifty degrees in Central Park and
Speaker 1: an accident on the west side Highway northbound headed Deer One.
Speaker 1: Details coming up in traffic. First Michael bar with more
Speaker 1: on what's going on in New York and around the world,
Speaker 1: came Morning Michael, Good Morning Nathan. Protests were held at
Speaker 1: the Tri State area over the League Supreme Court draft
Speaker 1: decision that would be final would overturn Roe v. Wade.
Speaker 1: Sonia Osorio, president of the New York chapter of the
Speaker 1: National Organization for Women, says state lawmakers they're legalized abortion
Speaker 1: several years ago, knowing this day would come, reproductive rights
Speaker 1: activists in Governor Pummo, we worked very hard on that.
Speaker 1: In we finally passed that after several years of hard work,
Speaker 1: and we did that in anticipation of this week document
Speaker 1: and what is ahead of us. Sonya Surio with now
Speaker 1: says men need to do their part to support abortion rights.
Speaker 1: Women do not get pregnant on their own. New York
Speaker 1: Attorney General Letitia James has long been outspoken about defending
Speaker 1: abortion rights. Now she has publicly disclosed that she had
Speaker 1: an abortion herself almost two decades ago. The Democrat told
Speaker 1: an abortion rights rally that she chose to do so
Speaker 1: when she was a newly elected New York City Council member.
Speaker 1: New York Governor Kathy Hkill reacted to the lead opinion,
Speaker 1: this is something that we have fought against for my
Speaker 1: entire life. In fact, this is a battle my mother's generation.
Speaker 1: It's a battle from my generation, my daughter's generation, and
Speaker 1: it seems like even my three day old grandchild, Sophia's generation,
Speaker 1: will have to be fighting this same fight. Something that
Speaker 1: we had thought we had put to bed a long
Speaker 1: time ago, and I refused to go backwards. Governor Local
Speaker 1: spoke while announcing Representative Antonio Delgado will serve as New
Speaker 1: York's next Lieutenant governor. North Korea has fired a ballistic
Speaker 1: missile towards the East Sea from pyong Yang. South Korea
Speaker 1: will inaugurate a new president next week, who is known
Speaker 1: to be hard line against the North. Analysts say North
Speaker 1: Korea's military provocations are likely to grow in the near future.
Speaker 1: Comedian Dave Chappelle was tackled on stage at the Hollywood
Speaker 1: Bowl in Los Angeles. It happened as Chappelle was just
Speaker 1: wrapping up his performance. The man was grabbed and punched
Speaker 1: by security guards. Global News twenty four hours a day
Speaker 1: on air and on Bloomberg Quicktake powered by more than
Speaker 1: twenty hundred journalists and analysts more than a hundred, twenty countries.
Speaker 1: Michael bar this is Bloomberg. Nathan all right, Michael, thank
Speaker 1: you five oh nine on Wall Street. Time for the
Speaker 1: Bloomberg Sports up Davire's stunts to showering Hey. Then the
Speaker 1: Rangers first playoff game of the Guard in five years.
Speaker 1: It was a long one. Blue Shirts played a strong
Speaker 1: first period, not something in the second. They let Pittsburgh
Speaker 1: take twenty five shots on gold and score three times
Speaker 1: some Ranger penalties late in the period. Chris Pryder actually
Speaker 1: scored shorthanded, but then the Penguins tied the game, scoring
Speaker 1: with a two man advantage. It was three to three,
Speaker 1: and it stayed that way for the next sixty seven
Speaker 1: minutes of hockey until six minutes into the third overtime
Speaker 1: capping it drifts to the far corner with it up
Speaker 1: the wall. Now back to the point from Melito where
Speaker 1: shot scos get eva Ki plays hero, the Flexi pasties
Speaker 1: circuit and you can slap it on the Broadway marquee.
Speaker 1: The Penguins take Game one and lead this series one.
Speaker 1: Gamed it up xt X in Pittsburgh four three of
Speaker 1: the final. That goal came on the penguins eighty third
Speaker 1: shot of the night. Rangers and their fans thinking about
Speaker 1: what happened with three minutes left in regulation, a Ranger
Speaker 1: goals taken away. After the Penguins challenge, the official ones
Speaker 1: agreed there was goalie interference. Seemed like some evidence that
Speaker 1: it may have been caused by the Pittsburgh defenseman. They're
Speaker 1: back of the Garden for game to tomorrow. Yankees back
Speaker 1: in Toronto tonight, going for another series sweep and a
Speaker 1: twelve win in a row. They pulled away last night
Speaker 1: one nine to one, story in all, nine runs over
Speaker 1: the last quarter and names Aaron Judge got him going
Speaker 1: his eighth home run in the last ten games. Ganks
Speaker 1: put it away with six runs in the seventh. An
Speaker 1: he double header sweep for the Mets over Atlanta, first five,
Speaker 1: four and then three nothing behind Carlos Carrasco NBA Playoffs
Speaker 1: Boston blew out in Milwaukee, Memphis Speed Golden State. John
Speaker 1: Brandt scored forty seven. Both those series tied at one.
Speaker 1: John Stashi Award, Bloomberg Sports, Nathan all Right, John, thank
Speaker 1: you right now. S and p futures are higher by
Speaker 1: seven point. Staff futures up forty seven, NANSAC futures up ten,
Speaker 1: and the tenure treasury is up to thirty seconds. The
Speaker 1: yield two point nine six per cent as we await
Speaker 1: the May decision and expected fifty basis point hike from
Speaker 1: the Fed just ahead the abortion factor and the Trump
Speaker 1: factor in this year's mid term elections. Will speak live
Speaker 1: with Bloomberg Washington correspondent Anne Marie Or during This is
Speaker 1: Bloomberg Bloomberg Day Break, brought to you by the New
Speaker 1: York Community Trust. Your name will live on as a
Speaker 1: champion of the causes you care about for years to
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Speaker 1: Learn more at Philanthropist dot NYC markets headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot Com,
Speaker 1: at the Bloomberg Business Outland at Bloomberg Quick Tape is
Speaker 1: a Bloomberg Business Lash and I'm Karen Moscow. US dot
Speaker 1: Index futures are on the rise. This morning, Investors are
Speaker 1: bracing for the biggest Federal Reserve interest rate heights since
Speaker 1: two thousand and awaiting more clues on how aggressively the
Speaker 1: federal tackle inflation. We check the markets every fifteen minutes
Speaker 1: throughout the trading day on Bloomberg. Right now, SNP futures
Speaker 1: are up nine points, DW Future is up sixty, nastack
Speaker 1: future is up fourteen. The decks inured many is down
Speaker 1: a third of a percent. The ten your Treasury is
Speaker 1: of one thirty second you two point nine six percent.
Speaker 1: The yield on the two year two point seven nine percent.
Speaker 1: NIMEX screwed oil is up three and a third percent
Speaker 1: of three dollars forty four cents at a hundred five
Speaker 1: dollars eighty five cents in barrel. Comex s Gold is
Speaker 1: down to ten percent or three dollars at eighteen sixty
Speaker 1: seven sixty an ounce. The Euro one point oh five
Speaker 1: to four against the dollar, British pound one point to zero,
Speaker 1: and the end is at one thirty point oh seven
Speaker 1: and Bitcoin is up more than three percent at thirty
Speaker 1: eight thousand, nine hundred fifty dollars. And as a Bloomberg
Speaker 1: Business flashow, here's Michael Barrow with more on what's going
Speaker 1: on around the world. Muncle Good morning, Good morning here
Speaker 1: in a Los Angeles protest over to the laked u
Speaker 1: S Supreme Court draft opinion and would throw out Roe v.
Speaker 1: Wade briefly turned into a skirmish with police, who they
Speaker 1: say one officer was injured. Authorities say about two fifty
Speaker 1: people had been marching peacefully four abortion rights before the clash.
Speaker 1: It was the only violence reported among protesters held around
Speaker 1: the country. The largest in Washington, d C. Drew about
Speaker 1: the thousand people to a rally in front of the
Speaker 1: Supreme Court. In a couple of game ones in the
Speaker 1: NHL playoffs, the Rangers lost in triple over time to
Speaker 1: the Penguins for three. The Capitols beat the Panthers four
Speaker 1: to In the NBA playoffs, the Celtics are tied at
Speaker 1: a game each after beating the Bucks one oh nine six.
Speaker 1: The Warriors lost to the Grizzlies in Game two one
Speaker 1: oh six, one oh one. That series is even at
Speaker 1: a game of peace. Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quickdake, powered by more
Speaker 1: than twenty seven hundred journalists analysts more than dwenty countries.
Speaker 1: I'm Michael bar This is Bloomberg. Nathan. Hi, Michael, thank you.
Speaker 1: It's five nineteen on Wall Street Live from the Bloomberg
Speaker 1: Interactive Broker Studios. This is Bloomberg Daybreak. Let's get more
Speaker 1: now on that late Supreme Court decision on Roe v.
Speaker 1: Wade and its potential impact on the mid term elections.
Speaker 1: For that, we're joined by Bloomberg Washington correspondent Emory hord
Speaker 1: Durn from our Bloomberg Studios in Washington, d C. And Marie,
Speaker 1: good morning. I know you've seen firsthand just how much
Speaker 1: this leak decision has galvanized advocates on both sides on
Speaker 1: the steps of the Supreme Court, and we heard very
Speaker 1: strong words last night from Vice President Harris. It seems
Speaker 1: like Democrats have really seized on this issue. Now, yes, absolutely,
Speaker 1: and as you say, last night's Vice President Harris, she
Speaker 1: was scheduled to make this speech, but obviously the tone
Speaker 1: and the content of it completely changed after this league.
Speaker 1: It was the most impassioned, robust speech we've heard so
Speaker 1: far from the administration. She's talking about the fact that
Speaker 1: this would be a direct assault on freedom, on and
Speaker 1: on the fundamental rights of self determination to which all
Speaker 1: Americans are entitled and said how dare they do this
Speaker 1: to women? Um, So this is completely galvanized the Democratic Party.
Speaker 1: At the same time, this is a very partisan issues,
Speaker 1: so you're also seeing a lot of similar rhetoric on
Speaker 1: the right as well. And Nathan, as you said, this
Speaker 1: will now become a hot button election issue and can
Speaker 1: even potentially a clips issues that we thought voters were
Speaker 1: going to go to the polls for things like inflation
Speaker 1: because of higher grocery bills and gas bills. Now potentially
Speaker 1: this is going to be a number one issue for
Speaker 1: some Americans going out to vote. Yes, some, but who
Speaker 1: knows at this point whether it'll be all Americans who
Speaker 1: are galvanized by this. Where do you swing voters, where
Speaker 1: do you suburban voters stand on this issue, and whether
Speaker 1: it drives them to the polls in November. Well, when
Speaker 1: you look at the polls over years, over the decades,
Speaker 1: they pretty much maintained the fact that most Americans agree
Speaker 1: um that women should have a right to choose. And
Speaker 1: this goes back to Gallup data pure researched. Yesterday, there
Speaker 1: was a Washington Post ABC poll which overwhelmingly showed that
Speaker 1: majority as well. So you're going to see a lot
Speaker 1: of campaign dollars being spent on suburban women. So the
Speaker 1: Democrats have control of the city's Republicans have control of
Speaker 1: the rural areas, and it's potentially suburban women who can
Speaker 1: turn tied for the Democrats, which were potentially and are
Speaker 1: expected um to not do so well in these midterm elections.
Speaker 1: This was the case in two thousand eighteen when suburban
Speaker 1: women came out and they handed a lot of House
Speaker 1: seats to Democrats, and it was a pivotal vote as well,
Speaker 1: suburban women for President Biden versus President Trump. And now
Speaker 1: we're hearing a lot more rhetoric as well about codifying
Speaker 1: Row into law. If this Supreme Court decision does turn
Speaker 1: out to be final, what you should not The Supreme
Speaker 1: Court says it is not final certainly at this point,
Speaker 1: but there is a steep hill to climb when it
Speaker 1: comes to codifying anything regarding abortion rights with a Senate.
Speaker 1: That's exactly right. So the President made his case yesterday
Speaker 1: and this was one of the points he said, if
Speaker 1: this was to be struck down the nineteen seventy three law,
Speaker 1: then it is up to legislatures as well as voters
Speaker 1: to make sure that they put those legislators in power
Speaker 1: to codify this into law. But of course, you know,
Speaker 1: fifty fifty very slim majority the Democrats have with the
Speaker 1: VP making a tiebreaking vote, and the issue they have
Speaker 1: is that there are Democratic senators who do not want
Speaker 1: to get away with the filipbuster for this issue, and
Speaker 1: that has really been a contentious issue on Capitol Hall.
Speaker 1: Yesterday we saw a number of We saw lawmakers Alexandro
Speaker 1: Casio Cortez as well as Sander Sander Sanders go after
Speaker 1: Democrats like Kirsten Cinema who are for codifying abortion rights
Speaker 1: into law but are not for getting rid of the filibuster.
Speaker 1: We have about a minute left here in Marie. We've
Speaker 1: already seen a mid term election last night, in the
Speaker 1: primary election in Ohio. J d Vance is the winner.
Speaker 1: Does this setal former President Trump's hold on GOP voters?
Speaker 1: So analysts are saying, don't read too much into this
Speaker 1: one case, but it is a good point. The fact
Speaker 1: that J. D Vance one, he was trailing a little
Speaker 1: bit in the polls when Trump came in gave him
Speaker 1: that endorsement. Six other individuals he beat out right, He
Speaker 1: defeat defeated six other people. Um So certainly it wasn't
Speaker 1: just a win for J. D Vance. This was a
Speaker 1: win for President Trump, who wants to make sure that
Speaker 1: his name is still out there that candidates he backs
Speaker 1: are getting play all of this as he tries to
Speaker 1: really maintain his hold on the party and also flirt,
Speaker 1: of course, Nathan with that idea that he himself will
Speaker 1: also run for re election. I'm just gonna make it
Speaker 1: all more interesting as we continue with these mid term
Speaker 1: races in some key swing states coming up in just
Speaker 1: a few weeks. Here Ambree Hordern, Washington correspondent for Bloomberg
Speaker 1: Radio and Television. Great having gone with us this morning
Speaker 1: to take a look at all that's happening politically in
Speaker 1: the nation's capital, looking ahead to the market open and
Speaker 1: the FED decision in Washington. Future is moving a touch higher,
Speaker 1: with SMP futures up nine, Doubt futures up sixty five points,
Speaker 1: NASTACK futures up nineteen. We look ahead to the Fed
Speaker 1: in the minutes ahead, and Elon Musk could take Twitter
Speaker 1: blick again eventually. Top stories of the morning coming up
Speaker 1: on Bloomberg day Break Bloomberg eleven three oh Weather rain
Speaker 1: ends are on midday. It'll turn partly Sunday this afternoon
Speaker 1: with a high in the mid sixties low seventies. Tomorrow,
Speaker 1: we'll be back in the low sixties, with showers developing
Speaker 1: by Friday. Right now fifty degrees in Central Park, broadcasting
Speaker 1: live from the Bloomberg Interactive Broker Studio in New York.
Speaker 1: Bloomberg E Living Free to Washington, d C. Bloomberg to Boston,
Speaker 1: Bloomberg one oh six one to San Francisco, Bloomberg non
Speaker 1: sixteen to the country, Sirius XM to the one nineteen
Speaker 1: and around the globe the Bloomberg Business and Bloomberg Radio
Speaker 1: dot Com. This is Bloomberg Daybreak. It's five thirty on
Speaker 1: Wall Street. Good morning. I'm Nathan Hager and I'm fair
Speaker 1: in Moscower, just about four hours away from the open
Speaker 1: of US trading. Let's catch you up to date on
Speaker 1: the news you need to know at this hour. We
Speaker 1: begin with the Federal Reserve, which is expected to raise
Speaker 1: interest rates fifty basis points today. Baronburg Chief Economists Holder
Speaker 1: Older sch Meeting says, the markets already looking for what's
Speaker 1: coming next. The market will listen very closely to anything
Speaker 1: that could give a point to to what the Fed
Speaker 1: does in June and what it may be doing there
Speaker 1: raft which, of course, in these uncertain times, you may
Speaker 1: not get all that much to your guidance, but that's
Speaker 1: what the market will look out for, any guidance on
Speaker 1: what happens next. Barrenburg Chief economist Holger sch Meeting speaking
Speaker 1: with Bloomberg yesterday. We'll have full coverage to the Fence
Speaker 1: decision beginning at one pm All Street Time on a
Speaker 1: special edition of Bloomberg Surveillance. Let's turn out of the
Speaker 1: Supreme Court care and it has confirmed the authenticity of
Speaker 1: elite documents suggesting it could strike down Roe v. Wade.
Speaker 1: Vice President Kamala Harris addressed the issue last night. When
Speaker 1: the right to privacy is attacked, anyone in our country
Speaker 1: may face a future where the government can interfere with
Speaker 1: their personal decisions. Vice President Kamala Harris spoke at the
Speaker 1: annual Emily's List conference in Washington. Overseas, in Ukraine, Nathan
Speaker 1: Russia is now focusing on fully annexing territory it's taken
Speaker 1: in the war. It comes as the EU announces it'll
Speaker 1: ban Russian oil imports by the end of the year.
Speaker 1: Back in the US, Karen, more than forty companies report
Speaker 1: earnings today. For a look at some stocks on the
Speaker 1: move following yesterday's reports, we turn live to Bloomberg's John Tucker,
Speaker 1: John and Nathan Lift. Shares are down over twenty six
Speaker 1: percent of the pre markets of the company plans to
Speaker 1: spend more on its drivers. Advanced micro devices shares up
Speaker 1: six percent, with analysts positive on the demand the chipmakers
Speaker 1: seeing and Starbucks report at the US results that topped estimates.
Speaker 1: Right now, the share is up six percent at pre
Speaker 1: market trading, Live in New York. I'm John Tucker, Bloomberg
Speaker 1: Tape break all right, John, thank you for Elon Musk
Speaker 1: could take Twitter public again. I'm Bloomberg's We need a
Speaker 1: Young joins us live at the latest. We need a
Speaker 1: good morning, Good morning, Karen. Elon Musk says he's planning
Speaker 1: to stage in I po a Twitter as little as
Speaker 1: three years after buying it. That's according to Dow Jones,
Speaker 1: which reports Musk is take talking with investors, including private
Speaker 1: equity firms, to help lower his twenty one billion dollar
Speaker 1: contribution to the deal. Private equity firms typically take companies
Speaker 1: private to fix them out of the limelight, then take
Speaker 1: them public again. Live in New York. I'm Rernita Young
Speaker 1: Bloomberg Daybreak all right, rened to thank you and futures
Speaker 1: are higher this morning. SMP futures up eleven points down.
Speaker 1: Future is up seventy three. NASDAG features up twenty five
Speaker 1: straight ahead, your latest local headlines, plus a check of sports. Sam,
Speaker 1: This is Bloomberg. Thanks hearing five thirty three on Wall Street,
Speaker 1: fifty degrees in Central Park. Quiet starts so far on
Speaker 1: the roads. Well, check in with Peter Vancy if that's
Speaker 1: holding up shortly. First, Michael bars here Now with Lauren.
Speaker 1: What's going on in New York and around the world. Michael,
Speaker 1: thank you very much. Nathan. There has been a local
Speaker 1: reaction to the leaked draft opinion from the Supreme Court
Speaker 1: on overturning Roe v. Wade. New York Governor Kathy Oakle's says,
Speaker 1: as a woman, overturning Row is something she has fought
Speaker 1: against her entire life. Absolutely horrified by what the majority
Speaker 1: of the Supreme Corps United States of America plans to
Speaker 1: do to women's rights in this country. Governor Hocal spoke
Speaker 1: while announcing Representative Antonio Delgado will serve as New York's
Speaker 1: next Lieutenant Governor. Sonia A. Sario, President of the New
Speaker 1: York chapter of the National Organization for Women says abortion
Speaker 1: is legal in the state, but she says other states
Speaker 1: already have taken steps to roll back abortion rights. States
Speaker 1: well automatically van or restrict the right to abortion because
Speaker 1: they already passed laws that would twigger automatic vans as
Speaker 1: soon as federal protections fell. Sonya Srio, but now says
Speaker 1: men need to do their part to support abortion rights.
Speaker 1: North Korea fire the possible mid to long range ballistic
Speaker 1: missile into the sea off its eastern coast. It comes
Speaker 1: after King John un pledged to accelerate the development of
Speaker 1: his nuclear program. The nation's active wildfire season continues to
Speaker 1: disrupt and threatened communities across the west. In New Mexico,
Speaker 1: fire officials say more than a hundred sixty homes have
Speaker 1: been destroyed by combined wildfires burning east of Santa Fe.
Speaker 1: About six thousand homes have been evacuated. Governor Michel Luan
Speaker 1: Grisham given the current situation with this fire containment that
Speaker 1: we should expect the more people are going to have
Speaker 1: to move further away from their hometowns and communities, and
Speaker 1: it's really a hardship for them. Governor Grisham says. The
Speaker 1: flames have scorched more than a hundred forty acres. Comedian
Speaker 1: Dave Chappelle was attacked while performing on stage. It happened
Speaker 1: while Chappelle was at a Los Angeles comedy festival late
Speaker 1: last night. The man police say was armed with a
Speaker 1: replica gun. He was apprehended and detained by security. Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quick Take, powered by more than twenty seven hundred
Speaker 1: journalists and analysts in more than a hundred twenty countries.
Speaker 1: Michael bar this is Bloomberg Natin. Thanks Michael on Wall Street.
Speaker 1: Time for the Bloomberg Sports update. Here's John stanshowner, Thanks Davan.
Speaker 1: Rangers and Penguins Game one at the Gardener. Two teams
Speaker 1: combined to score five goals in the second period, and
Speaker 1: then neither team scored another goal for the next sixty
Speaker 1: seven minutes, a scoreless third period, first and second overtime.
Speaker 1: Six minutes into the third oh T John Marinos shot
Speaker 1: deflected in by the Penguins of Jenny Malkin the first
Speaker 1: time in a game that had a hundred and six
Speaker 1: minutes of hockey where the Penguins had the lead. They
Speaker 1: won the game for the three. Ranger coach Gerard Galant
Speaker 1: then looked back to the second period. You know the
Speaker 1: families we got it slowed the momentum down a little bit,
Speaker 1: and then they scored that five months three goals. So
Speaker 1: but just I thought we played real well. But again
Speaker 1: that when we started doing these little played internal in
Speaker 1: the nuclesones said, was driving a team like we did
Speaker 1: in the first that was a different than the game.
Speaker 1: Galant said he did not have a problem with a
Speaker 1: Ranger goal with three minutes left in regulation, taken away
Speaker 1: after a video review ruling that there was goalie interference.
Speaker 1: Speaking of goalies, the Penguins used to Casey de Smith
Speaker 1: at Allege with an injured the Ranger goalie Igors just
Speaker 1: thirt and made seventy nine saints. That's the second most
Speaker 1: in NHL history. Games to tomorrow and the other series
Speaker 1: openers Washington one at Florida, Colorado won seven to two.
Speaker 1: Calgary one wanted nothings NBA playoffs, Boston and Memphis both
Speaker 1: want at home to tie their series with Milwaukee and
Speaker 1: Golden staping Yankee one his great continues. It reached eleven
Speaker 1: in Toronto. They were shut out until Laron Judge home
Speaker 1: on sixth innings. Yanks went on to win nine to one.
Speaker 1: John Carlo Stanton Homer to the ninth at City Field,
Speaker 1: a double letter sweep for the Mets over Atlanta five
Speaker 1: to four and then three nothing. On the picting of
Speaker 1: Carlos Carrasco, John Stashwar Bloomberg Sports Naked. Thank you John.
Speaker 1: It's five thirty seven on Wall Street time for the
Speaker 1: Tri State Business Report. Here's Bloomberg's at Corey American Dream.
Speaker 1: The struggling mega mall near the Jersey Turnpike lost about
Speaker 1: sixty million dollars in two thousand twenty one and was
Speaker 1: hit by the pandemic as waves of coronavirus discouraged shoppers
Speaker 1: and tourists. The mall's ski hill was hit by a
Speaker 1: fire in September that also disrupted dozens of shops and eateries.
Speaker 1: Luxury real estate firm the agency has acquired New York
Speaker 1: brokerage Triple Mint, giving it a foothold in Manhattan. The
Speaker 1: agency is based in Los Angeles and also completed its
Speaker 1: first outside fundraising effort. I'm asking thirty five billion dollars
Speaker 1: to spend on growth to give it a valuation of
Speaker 1: about three hundred and fifty million dollars. New Jersey Governor
Speaker 1: Phil Murphy has signed an executive order establishing a certification
Speaker 1: program for lgbt Q plus owned businesses. The free certification
Speaker 1: could expand access to public and private contracting opportunities and
Speaker 1: enabled businesses to identify as lgbt Q plus owned in
Speaker 1: their advertising. That you Bloomberg trying State Business Report, I
Speaker 1: mid Corey, Thanks on Wall Street. Bloomberg Radio is on
Speaker 1: the air from San Francisco to New York, London to
Speaker 1: Hong Kong. Let's check in with our global news team
Speaker 1: for some of the top stories heard on our three
Speaker 1: hundred affiliate radio stags around the world. I'm Steve pottas
Speaker 1: Content and Wins in New York. We're talking about a
Speaker 1: top name and fashion putting its money behind the maker
Speaker 1: of lag grown leather. I'm calling it Commodit Baby Digital
Speaker 1: doing long. The Whippoys were widely expected fed rate height.
Speaker 1: The Bank of eng is expected to follow aspects of
Speaker 1: the ECB earlier action to m Corney. Donahoe on Kfebe
Speaker 1: and Omaha, one of the biggest meat packers in the country,
Speaker 1: says crisis will continue to sore. I'm at Cory on
Speaker 1: w w J and Detroit. I'm reporting of Roby wait
Speaker 1: until return for Michigan companies might adapted to allow out
Speaker 1: of state coverage for aborting server. And those are some
Speaker 1: of the stories our twenty seven hundred Bloomberg journalists and
Speaker 1: analysts are working on this morning around the world. It's
Speaker 1: five thirty nine on Wall Street. The following is an
Speaker 1: editorial from Bloomberg Opinion. For the past two years, more
Speaker 1: than forty million U S student loan borrowers have been
Speaker 1: excused from making their monthly payments. The so called pause,
Speaker 1: which was instituted in the early days of the pandemic
Speaker 1: and extended multiple times by both the Trump and Biden administrations,
Speaker 1: has cost more than a hundred billion dollars in lost revenue.
Speaker 1: Now President Biden is considering a larger plan to cancel
Speaker 1: some federal student debt altogether. That would be a big
Speaker 1: regressive mistake. Rod's student loan forgiveness would disproportionately benefit high
Speaker 1: earners and those with graduate degrees. It would be far
Speaker 1: better to simplify the existing patchwork of student loan programs
Speaker 1: and enroll all borrowers in the single income driven repayment plan.
Speaker 1: The current student loan system has its share of problems,
Speaker 1: but subsidizing the well educated with debt cancelation is no
Speaker 1: way to fix them. This editorial was written by the
Speaker 1: Bloomberg Opinion Editorial Board. I'm David Shipley. For more Bloomberg opinion,
Speaker 1: please go to Bloomberg dot com, Slash Opinion or opian.
Speaker 1: Go on the Bloomberg terminal. These has been Bloomberg Opinion.
Speaker 1: Listen for Bloomberg opinion editorials every weekday. At this time,
Speaker 1: terminal customers can read more at O P I, n GO, SMP.
Speaker 1: Futures are up by eleven point, staff features up seventy eight,
Speaker 1: NASTAC features up nineteen points. The tenure treasury up to
Speaker 1: thirty seconds, yield two point nine six percent. As we
Speaker 1: await a FED rate hike a decision for May. Tom Porcelli,
Speaker 1: Chief US Economists at RBC, joins us next Bloomberg eleven
Speaker 1: three oh weather rain ends in midday today. It'll turn
Speaker 1: partly sunny this afternoon with a hig in your sixty
Speaker 1: five low seventies. Tomorrow. Showers return Friday, with highs back
Speaker 1: in the low sixties. Right now fifty in Central Park markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, The Bloomberg Business at and at Bloomberg Quicktake,
Speaker 1: He's a Bloomberg Business Flash and I'm Cameron Moscow. When
Speaker 1: US dot index futures are on the rise this morning,
Speaker 1: investors racing for the biggest federal reserve interest rate high
Speaker 1: since two thousand and awaiting more clues and have aggressively
Speaker 1: the federal tackle inflation. We checked the markets every fifteen
Speaker 1: minutes throughout the trading day. On Bloomberg, SNP Future is
Speaker 1: up twelve points this morning. Down Future is up eighties
Speaker 1: seven and nastack Future is up twenty six. The decks
Speaker 1: in Germany's down three tenths of a percent. The ten
Speaker 1: year treasury of three thirty seconds yield two point nine
Speaker 1: five percent, yield on the two year two point seven
Speaker 1: eight percent. Nimex screwed oil is up three point three
Speaker 1: percent of three dollars thirty eight cents and a hundred
Speaker 1: five dollars seventy nine cents of barrel comex school little
Speaker 1: change in eighteen seventy fifty announced the euro one point
Speaker 1: oh five to three against the dollar. British found one
Speaker 1: point to five oh five and the end at one
Speaker 1: thirty point oh six and Bitcoin this morning moving higher
Speaker 1: up almost three percent at thirty eight thousand, eight hundred
Speaker 1: eighty dollars. That's a Bloomberg business flash. Now here's Michael
Speaker 1: Barr with more on what's going on around the world.
Speaker 1: Michael Karen, thank you very much. Following the leak of
Speaker 1: a Supreme Court document alluding to an overturning of Roe v. Wade,
Speaker 1: protests took place across the country. In downtown Loss Angeles,
Speaker 1: things got a bit out of hand and an officer
Speaker 1: was injured. The head of the European Union has proposed
Speaker 1: a full band on Russian oil. It's part of sanctions
Speaker 1: against Moscow for its invasion into Ukraine. And a couple
Speaker 1: of game one NHL Playoffs, the Rangers lost in triple
Speaker 1: over time to the Penguins for three. Rangers goaliegu Or
Speaker 1: Schestergan finished with seventy nine saves, second to the NHL
Speaker 1: record of eighty five. The Capitals, they beat the Panthers
Speaker 1: four two. In the NBA playoffs, the Celtics are tied
Speaker 1: at a game each after beating the Bucks one on
Speaker 1: nine eighties six. The Warriors lost to the Grizzlies and
Speaker 1: Game two that series is even at a game of
Speaker 1: piece as well. In baseball, the Yankees one for where
Speaker 1: their eleventh straight victory. The Mets swept the double header
Speaker 1: against the Braves, the Red Sox, Nationals won the Orioles
Speaker 1: A's and Giants lost. Global News twenty four hours a
Speaker 1: day on here and on Bloomberg Quick Take, powered by
Speaker 1: more than twenty seven hundred journalists analysts more than twenty countries. Him,
Speaker 1: Michael bar This is Bloomberg. Nathan all right, Michael. Thanks,
Speaker 1: It's five four nine on Wall Street. Live from the
Speaker 1: Bloomberg Interactive Brokers Studios. This is Bloomberg Daybreak, and as
Speaker 1: we await one of the most consequential Federal Reserve decisions
Speaker 1: in perhaps decades, we are joined this morning by Tom Porcelli,
Speaker 1: chief US economist at RBC Capital Markets. Tom, good morning,
Speaker 1: I'll put it right to you. Is fifty basis points guaranteed?
Speaker 1: And will the Fed signal more? Good morning, always always
Speaker 1: good to be with you. Yes, Um, fifty I think
Speaker 1: is basically locked, and I think um additional fifties are
Speaker 1: likely to be UM at a minimum hinted at. And
Speaker 1: I think that's an important idea. How POW has to
Speaker 1: be his tone has to be at least as hawkish
Speaker 1: as market pricing um and and the reason for that
Speaker 1: is anything less and it would actually the market would
Speaker 1: believe that that meant there could be less um than
Speaker 1: than what it's pricing. And as a results, dude, actually
Speaker 1: you see in easing in financial conditions, which is exact
Speaker 1: opposite seeing that the Fed wants to have happened. So
Speaker 1: I think he really has to lend credence to the
Speaker 1: idea that, you know, sort of multiple fifties are are
Speaker 1: on deck. Whether they're realized is a different, different story
Speaker 1: for a different day, But for right now, I think
Speaker 1: he he has to um, he has to sell the
Speaker 1: idea that that multiple fifties are are are upon us.
Speaker 1: Is there a possibility on the table Tom that we
Speaker 1: see seventy five basis points today? You know, I'm I'm
Speaker 1: sure that the press will you'll get at least one
Speaker 1: question on this. I can wait to see how he
Speaker 1: dances dances around that. I think I think they're too
Speaker 1: It's again, if he has to be at least as
Speaker 1: hawkish as market pricing UM, then you know it would
Speaker 1: seem pretty reasonable. Then that that could be a path
Speaker 1: um for him to sort of, you know, press the
Speaker 1: idea of of being hawkish. UM. So I can't discount it.
Speaker 1: I'm not saying I necessarily place high odds on on
Speaker 1: some thing like that happening. Um. But but I think
Speaker 1: that it's a it's a real possibility that um he
Speaker 1: he adds uh some some credence to the idea. My
Speaker 1: sense though is that he wants to stick with fifties. Um.
Speaker 1: But again I will find out in a few hours. Yeah, certainly, Well,
Speaker 1: what are you expecting to hear when it comes to
Speaker 1: the balance sheet. We've got some hints from the last
Speaker 1: the last meetings minutes that there was going to be
Speaker 1: discussion about that. Do you do you think we get
Speaker 1: more clarity on the balance sheet? Yeah? I do. I
Speaker 1: think that you'll get a bit more clarity. But the
Speaker 1: truth is, I think all the sort of the sort
Speaker 1: of the key um, the key elements of balance sheet
Speaker 1: reduction I've already been outlined. So I'm not sure that
Speaker 1: that's going to be the thing that um sort of
Speaker 1: really drives um, sort of the discussion drives the market
Speaker 1: over over the sort of the balance of the afternoon, Um,
Speaker 1: but yeah, more more information will be forthcoming. But I
Speaker 1: think it's really all about what is going to happen
Speaker 1: with hikes and the degree to which those hikes happened.
Speaker 1: I think that's probably gonna be more of the focus.
Speaker 1: But what do you think that what do you I'm
Speaker 1: sorry about that. What do you think the FETE is
Speaker 1: going to be watching when it comes to how aggressive
Speaker 1: they are for the for the balance of this year?
Speaker 1: What are the what are the key data points of
Speaker 1: the FETE needs to be keeping an eye on. So
Speaker 1: I love this question because I really think it gets
Speaker 1: to to the heart of a challenge for Powell. Um,
Speaker 1: it's unclear at this point what he wants to see
Speaker 1: from an inflation perspective, right, I mean, don't you find
Speaker 1: that interesting? All the focus on inflation. We don't really
Speaker 1: know what they want. And so here's a really interesting
Speaker 1: way of thinking about this. UM. Last year, it was
Speaker 1: all about getting to max employment, right, That's all he
Speaker 1: wanted that. It didn't matter what was happening from an
Speaker 1: inflation perspective. All he wanted to do was get to
Speaker 1: max employment. This year, UM, it's all about inflation now
Speaker 1: if he just if this is just the March toward
Speaker 1: getting to target. The two percent target, FENN funds will
Speaker 1: be meaningfully higher than what anyone is thinking. So I
Speaker 1: think he needs to outline what exactly does he want
Speaker 1: to see from an inflation perspective, because if it's a
Speaker 1: target and lation, look you're speaking to someone who actually
Speaker 1: has lower inflation and probably most other people are forecasting.
Speaker 1: I don't even have a number that's close to target
Speaker 1: by the end of the year. Um. So, so if
Speaker 1: I think that's a really important idea that that he's
Speaker 1: going to need to sort of, you know, spell out
Speaker 1: a bit a bit more, I would argue that you know,
Speaker 1: if you're if you're holding a three handle, um, so
Speaker 1: you know, say high three handle on on core inflation
Speaker 1: by the end of the year, I would say that
Speaker 1: that is a victory and that's something that they should
Speaker 1: um sort of you know, embrace slash cheer um. But
Speaker 1: but I would love some some color on on exactly
Speaker 1: what they're looking for on the inflation front. I think
Speaker 1: that's the key. Yeah, it's gonna be a very interesting
Speaker 1: news conference, certainly when Federal Reserve Chairman J Powell hits
Speaker 1: the podium at two thirty pm. Wall Street time after
Speaker 1: that decision at two pm. Uh Tom Porcelli, chief US
Speaker 1: economist RBC Capital Markets. Great to get your insights ahead
Speaker 1: of all that, and we want to invite you to
Speaker 1: stay with us for full coverage and analysis of this
Speaker 1: FED decision on a special edition of Bloomberg Surveillance. It's
Speaker 1: coming up at one pm Wall Street Time on Bloomberg
Speaker 1: Radio and Television. Karen Pathan, it is five fifty four
Speaker 1: on Wall Street. It's time for a legal story. We're
Speaker 1: watching this morning, and for the first time in modern
Speaker 1: Supreme Court history, a draft opinion of the Court was
Speaker 1: made public months before it was likely to be released.
Speaker 1: Just as shocking as the leak itself was the draft
Speaker 1: opinion by Justice Samuel Alito reversing the landmark decision of
Speaker 1: a Roe v. Wade and overturning the constitutional right to abortion,
Speaker 1: which has been guaranteed for nearly half a century. For
Speaker 1: more Bloomberg during Grosso speaks to Adam Winkler, a professor
Speaker 1: at U c l A Law School. I've heard two
Speaker 1: different viewpoints, one being that the revelation of this draft
Speaker 1: opinion could lead the majority to dig in and stick
Speaker 1: to the opinion. The other side is that well, it
Speaker 1: could lead some of the justices to rethink the opinion
Speaker 1: and perhaps go to the middle ground that the Chief
Speaker 1: Justice reportedly has been interested in. What do you think
Speaker 1: it's so hard to know, June. You know, we just
Speaker 1: don't have any information on the leaked it and what
Speaker 1: the possible reasons are for leaking it. One could imagine
Speaker 1: an argument that this was leaked by conservatives who are
Speaker 1: looking to shore up Aldo's opinion and stop someone like
Speaker 1: a Kavanaugh from wavering and signing onto a more moderate decision.
Speaker 1: Others have speculated that it is probably someone on the left,
Speaker 1: left leaning clerk who's so outraged and shocked that that
Speaker 1: someone wants to let the world know what's coming in
Speaker 1: the Supreme Court and how outrageous this opinion really is
Speaker 1: in light of constitutional law. I think those are really
Speaker 1: the key things, and among lawyers, I think that Alito's
Speaker 1: draft opinion, if it becomes the majority opinion, will not
Speaker 1: gain the respect of the legal community. At critical points
Speaker 1: in the argument, Aledo abandoned legal analysis for really pure
Speaker 1: policy preference, and I don't think that the argument that
Speaker 1: Alito makes will be received with any are compliments than
Speaker 1: Justice Blackman's original decision in Row versus Way. So it
Speaker 1: is possible, not probable, perhaps, but it is possible that
Speaker 1: one of the justices could change their vote absolutely, And
Speaker 1: justices can and have changed their votes after a conference
Speaker 1: and after majority opinions have been circulated. It happens, you know,
Speaker 1: with some regularity. Without saying it's frequent, it does happen,
Speaker 1: and it happens many times over the years. One prominent
Speaker 1: example is Planned Parenthood Recasey, one of the cases that
Speaker 1: the Supreme Court reports to overturn in this draft opinion.
Speaker 1: In that case, Justice Kennedy originally voted to overturn ro
Speaker 1: versus Way and to uphold broad regulations of abortion, and
Speaker 1: then he changed his mind after the majority opinion started circulating.
Speaker 1: And it's happened in other much less controversial areas as well.
Speaker 1: Sometimes justice is fine that they think an outcome is
Speaker 1: right until they see an opinion explaining the outcome, and
Speaker 1: then they say, wait, that reasoning an argument just doesn't
Speaker 1: work for me. I think I'm going to change my vote.
Speaker 1: I would be very surprised if that happened in this
Speaker 1: particular case. I think these justices have been thinking about
Speaker 1: Roe versus Wade for many decades. I think that their
Speaker 1: views on this issue are not really in play. And
Speaker 1: that's Adam Winkler, professor at u c l A Law School,
Speaker 1: speaking at the Bloomberg Student Grosso. Catch more at that
Speaker 1: interview plus analysis of the latest legal news by subscribing
Speaker 1: to the Bloomberg Law Podcast or downloading this show at
Speaker 1: Bloomberg dot com slash podcast. Attorneys can find exceptional legal
Speaker 1: research and business development tools at Bloomberg Law dot com
Speaker 1: and on the Bloomberg terminal at blow go. And futures
Speaker 1: are higher. This morning is still ahead. On Bloomberg Daybreak,
Speaker 1: I check on the business headlines and all the news
Speaker 1: you need to start your day. And this is Bloomberg