Speaker 1: Live from the Bloomberg Interactive Brokers studios. This is Bloomberg
Speaker 1: day Break for Monday, November seven two. Coming up the shower,
Speaker 1: Apple expects to produce at least three million fewer iPhone
Speaker 1: four teens than originally planned. Thousands of job cuts are
Speaker 1: reportedly on the way at Facebook, Pair and meta platforms.
Speaker 1: The investors grace for this week's key report on inflation,
Speaker 1: and we take you to Egypt, where a big climate
Speaker 1: change summit is underway. It's the final post for campaigning
Speaker 1: in New York's governor's race hand the mid terms. Plus
Speaker 1: the CDC warns of the surgeon, COVID flew and RSV
Speaker 1: on Michael bar more ahead, I'm done Stair Sharon sports
Speaker 1: big wins for the Jets and upset of the bills.
Speaker 1: The Rangers lost on mats re signed their closer. That's
Speaker 1: all straight ahead on Bloomberg day Break on Bloomberg eleven
Speaker 1: three O New York, Bloomberg one, Washington, d C, Bloomberg
Speaker 1: one O six one, Boston, Bloomberg nine six, San Francisco,
Speaker 1: Sirius x M one nineteen and around the world on
Speaker 1: Bloomberg Radio. Come and via the Bloomberg Business and good morning.
Speaker 1: I'm Karen Moscow, I'm Nathan Hegar. Bloomberg day Break brought
Speaker 1: to you by B and Y Melon's Pershing Learned by
Speaker 1: the world's most sophisticated wealth management and institutional firms rely
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Speaker 1: and manage risk at Pershing dot com. Well US futures
Speaker 1: are higher this morning six oh one on Wall Street,
Speaker 1: and we check the markets every fifteen minutes throughout the
Speaker 1: trading day on Bloomberg S and P Future is up
Speaker 1: twenty one points. DAL Futures up a hundred sixty two
Speaker 1: and ASDAG Future is up sixty two Tenure Treasury up
Speaker 1: four thirty seconds, yield four point one three percent, and
Speaker 1: they yield on the two year four point six eight
Speaker 1: percent Nathan Karen. The rise in futures follows Friday's rally
Speaker 1: on Wall Street, which saw the SNP five hundred snap
Speaker 1: of four day losing Street. Still, the index is down
Speaker 1: twenty one percent in twenty two and on track for
Speaker 1: its worst year in at least a decade. Alan Zaffron
Speaker 1: is founding partner in co CEO at i e Q Capital.
Speaker 1: What we are fearful of and if your barish is
Speaker 1: that the FED is only going to pivot when the
Speaker 1: p M is the Purchasing Manager Index, which is a
Speaker 1: broad measure of economic activity. If it were to really plummet,
Speaker 1: the FED would have no choice but to do so,
Speaker 1: and that probably only happens coincidentally with the labor markets
Speaker 1: starting to get out of control. I e Q Capital's
Speaker 1: Alan Zafferan says FED rate hikes will take six to
Speaker 1: twelve months to work their way through the economy. Well, Nathan,
Speaker 1: the attention this week turns to inflation, and let's take
Speaker 1: a look at the economic calendar, with Bloomberries Vinny Dell
Speaker 1: Judai's topping this week's list, the October Consumer Price and
Speaker 1: exceet for Thursday, and tracking the ever rising cost of
Speaker 1: living post pandemic. Economists the inflation running hot at about
Speaker 1: eight percent year over a year, keeping the federal reserve
Speaker 1: on the offense. Now wages are on the rise, but
Speaker 1: inflation is outstripping the games. Hence a lack of confidence
Speaker 1: in America's economy and the University of Michigan consumer sentiment
Speaker 1: and except once again to run their record low that's
Speaker 1: set for Friday, they eat judaic Is Bloomberg Daybreak. All right, Vinny, thanks,
Speaker 1: another busy week for earnings as well. It's gonna preview
Speaker 1: there from Bloomberg's Charlie Pellett. With about four hundred thirty
Speaker 1: companies in the SMP five hundred reporting so far have
Speaker 1: reported positive earning surprises, according to data compound by Bloomberg.
Speaker 1: Peter Oppenheimer is chief Global equity strategist at Goldman Sachs International.
Speaker 1: And not a disastrous serving season, but certainly not nearly
Speaker 1: as strong as we've seen previously. And the key thing
Speaker 1: that's happening, and we've been arguing this for some time,
Speaker 1: is that margins are starting to come under pressure as
Speaker 1: a result of these high input costs. Among the company's
Speaker 1: schedule to report this week, Activision Blizzard asked Roseneca, BioNTech,
Speaker 1: Occidental Petroleum, and Ribbean Automotive in New York. Charlie Pellet,
Speaker 1: Bloomberg Daybreak and Charlie, we're just getting earnings crossing the
Speaker 1: Bloomberg terminal from BioNTech, raising its forecast for the COVID
Speaker 1: vaccine itsels with Feiser, saying they've invoiced some three hundred
Speaker 1: million doses of an omicron adapted version as of mid October,
Speaker 1: and Nathan, we look to earnings in a long term now,
Speaker 1: Goldman sacks lowering his estimates for the SNP five hundred
Speaker 1: for each year till four. The bank strategists say margin
Speaker 1: contraction in the third quarters signals more pain ahead. Goldman
Speaker 1: is not changing its year end targets for the SNP
Speaker 1: still thinks the indext will drop another four and a
Speaker 1: half percent this year to thirty six hundred before rising
Speaker 1: to four thousand three. Meantime, Karen Morgan, Stanley's Michael Wilson
Speaker 1: says investors should stay bullish on equities ahead of this
Speaker 1: week's midterms. Wilson correctly predicted this year's slump in stocks.
Speaker 1: He says if Republicans win at least one chamber of Congress,
Speaker 1: it could provide a catalyst for lower bond fields and
Speaker 1: higher equity prices well. Turning to corporate news, now, Nathan,
Speaker 1: we're watching shares of Apple this morning. They're down one
Speaker 1: percent in early trading. The company expects to produce at
Speaker 1: least three million fewer iPhone fourteen handsets than originally planned
Speaker 1: this year. Bloombergy Daybreak Asia anchor Brian Curtis has more
Speaker 1: from Hong Kong. Bloomberg. Sources say the company and its
Speaker 1: suppliers now aimed to make about eighty seven million devices.
Speaker 1: That's down from ninety million. The reduction is due to
Speaker 1: softer demand for the iPhone fourteen and fourteen plus that
Speaker 1: adds to supply issues in places like Jung Cho, China.
Speaker 1: The plant there is under a COVID lockdown. You Know Kong,
Speaker 1: Brian Curtis, Bloomberg Daybreak, Brian thanks to continue to see
Speaker 1: job cuts in corporate America. Facebook Para meta Platforms will
Speaker 1: reportedly start laying off thousands of workers this week. According
Speaker 1: to The Wall Street Journal, the cuts could come as
Speaker 1: early as Wednesday. Met has been struggling with growing losses
Speaker 1: and investing heavily in its metaverse business. Meta shares, which
Speaker 1: are down sev this year, are up nearly four percent
Speaker 1: in early trading on the news. Well Nathan, Twitter brought
Speaker 1: the acts down hard less week on close to thirty
Speaker 1: seven hundred of its employees. Now it's asking dozens of
Speaker 1: them to come back. Sources tell us the company decided
Speaker 1: the employees where either fired by mistake or are too
Speaker 1: essential to the changes new owner Elon Musk wants to
Speaker 1: make one of those changes, adding verification checkmarks for subscribers
Speaker 1: to Twitter's monthly blue service that's being delayed till Wednesday
Speaker 1: to avoid mid term election chaos. Well, the world's focus
Speaker 1: for the next couple of weeks, Karen will be on
Speaker 1: the health of the planet. The cop twenty seven summit
Speaker 1: is underway in Egypt. The United Nations Annual Climate change
Speaker 1: event is beginning with discussions on reparations or compensating poorer
Speaker 1: nations for the damage caused by emissions produced elsewhere. We
Speaker 1: get more from Bloomberg's use of Kamal Eldin in Charmel Shake.
Speaker 1: We've got over one hundred heads of state to hund
Speaker 1: delegations from all across the world, and they've set apart
Speaker 1: a little bit lower. I would say they admit that
Speaker 1: because of some of the risk everything of the Ukraine
Speaker 1: War to be ongoing, to your political spat between China
Speaker 1: and the US, it's gonna be harder to get things going.
Speaker 1: But nonetheless they want to show some results and they
Speaker 1: are ready to get contraction on adding a little bit
Speaker 1: of a controversial items to the attenda, the loss and
Speaker 1: Damage items that this is related to unchecked crossial fuel
Speaker 1: use that cause economic destruction in disproportioned ways. Bloombergs use
Speaker 1: of kamal Eldin reports. The leaders of Germany, France, and
Speaker 1: the UK are appearing at the start of copy. US
Speaker 1: President Joe Biden and Brazil's President elect Louis and Nacio
Speaker 1: Lula da Silva are due to appear later on, and
Speaker 1: futures are higher this morning. Nathan SMP future is up
Speaker 1: twenty four points to down futures of eighty three, nasday
Speaker 1: futures of seventy seven. And this is Bloomberg. Thanks sharing
Speaker 1: at six oh seven on Wall Street, sixty seven degrees
Speaker 1: in Central Park. Gotta crash on the northbound hutch By
Speaker 1: exit eleven. More coming up in traffic. First Michael Barr
Speaker 1: with what else is going on in New York and
Speaker 1: around the world. Michael, thank you very much. Nathan. It
Speaker 1: was the final weekend of campaigning before Tuesday's mid term elections.
Speaker 1: President Joe Biden campaign for New York Governor Kavie Hokel
Speaker 1: and a rally in Yonkers Sunday. Biden is hoping to
Speaker 1: give the incumbent the last minute boost against Republican challenger
Speaker 1: Lee's Eldon Poles show the race between the two narrowing.
Speaker 1: Biden criticized former President Trump and the Republican Party's record
Speaker 1: on the economy. What's going to happen the next couple
Speaker 1: years is going to have more to do with what
Speaker 1: this country looks like twenty years from now than anything else.
Speaker 1: Congressman Zelden campaign and a rally near Rochester, promising if
Speaker 1: he's elected governor, he's going to crack down on crime
Speaker 1: and those state employees in charge of fighting it. We
Speaker 1: are going to clear a climb emergency here in the
Speaker 1: state of New York. Meanwhile, former President Trump urged Florida
Speaker 1: voters to support Republican candidates in Tuesday's mid term elections.
Speaker 1: This is a year we are going to take back
Speaker 1: the House. We're going to take back the Senate. We're
Speaker 1: going to take back America. We're going to take Trump
Speaker 1: spoke in the rally in Miami with Florida Senators Marco
Speaker 1: Rubio and Rick Scott, a former director of the f
Speaker 1: d A, is concerned that the US is not prepared
Speaker 1: for the current virus season. Bloomberg said Baxter as the
Speaker 1: story the US has Center in cold flew RSV and
Speaker 1: COVID season and former director Scott gott lab On CBS
Speaker 1: has heard here on Bloomberg says some past mistakes are
Speaker 1: getting in the way of new policies. We know wearing
Speaker 1: a mask if you have the flu rs V when
Speaker 1: you go out is effective at preventing forward transmission. Nobody
Speaker 1: wants to say that. So I think that there's a
Speaker 1: lot of reluctance now, in part because of the failures
Speaker 1: of public health messaging during the pandemic and things we
Speaker 1: got wrong and the backlash toys. So we don't have
Speaker 1: a good solution for what we're entering right now. Godlee
Speaker 1: says mistakes should have been made during COVID should not
Speaker 1: affect medical policy going forward. In San Francisco, I'm at
Speaker 1: Baxter Bloomberg. Gay break authorities continue to investigate the New
Speaker 1: York City high rise fire over the weekend and injured
Speaker 1: over three dozen people and was traced to a faulty
Speaker 1: lithium ion battery. It is the latest and a fast
Speaker 1: growing series of battery blazes that have fire officials concerned.
Speaker 1: The fire spurred a dramatic and rare rope rescue. Twenty
Speaker 1: stories above Manhattan's East fifty second Street, a few blocks
Speaker 1: from the u N headquarters. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quicktake, powered by
Speaker 1: more than journalists and analysts more than twenty countries. Michael Barren,
Speaker 1: this is Bloomberg Nathin. Thank you, Michael. Almost six ten
Speaker 1: on Wall Street. Time for the Bloomberg Sports Update, brought
Speaker 1: to you by twice State Daddy. Here's John sansh Our,
Speaker 1: Thanks Days and the Jets of it underdogs almost every week.
Speaker 1: They were eleven point underdogs that met Life Buffalo came
Speaker 1: in an a f C best six and one three
Speaker 1: three wins by at least three touchdowns, but the Jets
Speaker 1: sat Josh Allen five times, intercept with him twice and
Speaker 1: twice got themselves into the end takes the snout harder
Speaker 1: run up the middle of the five. Jetlist motions Herson goal,
Speaker 1: the second Bactus Crozack Wilson screen, ro Cobbinson at the
Speaker 1: ten half the five. He's across the goal touch the
Speaker 1: ESPN New York that calls the game was tied when
Speaker 1: the Jets won on a thirteen play eighties six yard
Speaker 1: drive ended with a Greg zir Wine go ahead field goal.
Speaker 1: They upset the Bills twenty and seventeen, only a half
Speaker 1: game behind Buffalo. The game last night to a FC
Speaker 1: Division leaders and went to overtime. Kansas City beat Tennessee.
Speaker 1: Patrick Mahomes through the ball sixty eight times. Tom Brady
Speaker 1: threw at fifty eight, the last one of teen passed.
Speaker 1: Tamba Bay has only touched down of the day. They
Speaker 1: beat the Rams in the battle of the last two
Speaker 1: Super Bowl winners, both of whom are struggling this year
Speaker 1: and Green Bay really struggling. Lost with the Jets and
Speaker 1: Giants just lost to lowly Detroit. Aaron Rodgers intercepted three times.
Speaker 1: It's the Packard's fifth loss in a row. The sound
Speaker 1: of Timmy Trumpet playing Narco continue to be heard at
Speaker 1: City Fields for the years to come. The Mets have
Speaker 1: locked up all star closer Edwin Diaz, who was a
Speaker 1: free agent five years hundred two million, most ever for
Speaker 1: a reliever. The Nets laid down six requirements that Tyrie
Speaker 1: Irving must meet before they consider lifting his suspension. The
Speaker 1: Rangers lost to Detroit three two and overtime. John Stashward
Speaker 1: Bloomberg Sports Nathan thank you, John SMP futures right now
Speaker 1: twenty three points, Stown futures up an eighty Nastact futures
Speaker 1: are higher by seventy two points, and the tenure Treasury's
Speaker 1: up four thirty seconds for a yield a four point
Speaker 1: one four percent. This is Bloomberg. Bloomberg Sports was brought
Speaker 1: to you by Audie. Don't let someone else drive off
Speaker 1: in the autie model you've always wanted. Visit your local
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Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot com, the Bloomberg Business Out and at Bloomberg Victaque.
Speaker 1: This is a Bloomberg Business Flash and I'm Karin Moscow
Speaker 1: and us dot in Next Future is on the rise
Speaker 1: this morning as some investors that a period of disinflation
Speaker 1: has already begun and the midterm election results will be
Speaker 1: favorable to markets. We checked the markets every fifteen minutes
Speaker 1: throughout the trading day. On Bloomberg, SMP Future is up
Speaker 1: twenty foinds Now futures have a hundred sixty three and
Speaker 1: nasdack Future is up sixty three the decks in Germany's
Speaker 1: up about nine ten of upper cent. Ten year treasury
Speaker 1: up four thirty seconds, held four point one four percent.
Speaker 1: They yield on the two year four point six eight percent. Nine. Next,
Speaker 1: Scrude oil is of less than a tenth of upper cent,
Speaker 1: up six cents at ninety two dollars sixty seven cents,
Speaker 1: and barrel comics gold up two tens percent or three
Speaker 1: dollars ten cents at sixty and seventy nine seventy an
Speaker 1: ounce the euro point nine you against the dollar British
Speaker 1: found one point one four or five seven and again
Speaker 1: one forty six point six nine, and bitcoin is down
Speaker 1: one point eight percent at twenty thousand and seven hundred
Speaker 1: fifty dollars and again. Biotech bi on Tech raising its
Speaker 1: forecast with the COVID nineteen vaccine it sales, with Fiser
Speaker 1: saying that the partners have invoiced some three hundred million
Speaker 1: doses of an omicron adapted version of the shot as
Speaker 1: of mid October. As a Bloomberg business flash, now here's
Speaker 1: Michael Barr with more on what's going on around the world.
Speaker 1: Michael Karen, thank you very much. Election Day is tomorrow,
Speaker 1: but already more than forty million Americans have cast early ballots.
Speaker 1: Republicans are optimistic about winning enough seats to retake troll
Speaker 1: of both the House and the Senate, while Democrats insist
Speaker 1: they are poised for a better night than many expect.
Speaker 1: The COP twenty seven u N Climate talks began in Egypt,
Speaker 1: with a deal to discuss how rich countries can help
Speaker 1: pay for the damage is caused by global warming. Elsewhere,
Speaker 1: recent climate disasters, such as the floods in Pakistan have
Speaker 1: put the issue back into focus. In the NFL, the
Speaker 1: Jets upset the Bills twenty seventeen, The Patriots won, the
Speaker 1: Commanders lost. The Ravens play the Saints tonight. In the NHL,
Speaker 1: the Rangers lost in overtime to the Red Wings three two.
Speaker 1: In the NBA, the Wizards lost. Global news twenty four
Speaker 1: hours a day on air and on Bloomberg Quicktake, powered
Speaker 1: by more than twenty seven hundred journalists and analysts more
Speaker 1: than a hundred twenty countries. How Michael Barr and this
Speaker 1: is Bloomberg. Nathan, all right, Michael, thank you for coming
Speaker 1: up to six twenty on Wall Street Life from the
Speaker 1: Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak. We want
Speaker 1: to take a closer focus now on those COP twenty
Speaker 1: seven climate tucks underway in Egypt. Bloomberg use of Kamal L.
Speaker 1: Dean is part of our team of reporters and correspondence
Speaker 1: covering the discussions from Charmel, Shake and useus with US
Speaker 1: Live now, Good morning, use of thanks for being here.
Speaker 1: As Michael mentioned, it did begin with a deal to
Speaker 1: discuss reparations for climate damage. But this is just a
Speaker 1: deal on actually talking about it. That's that's kind of
Speaker 1: what we're looking at the moment right correct. So basically
Speaker 1: you've got over one d heads of state here to
Speaker 1: one of the the delegations, forty five thousand ecodited people. I've
Speaker 1: found a bit of shade in a midsummer day here
Speaker 1: in Charmer shaky. It's far harder than it would usually be,
Speaker 1: and yes we did get a bit of a diplomatic breakthrough.
Speaker 1: It's been added to the agenda the loss and damage component,
Speaker 1: which is the reparations, but it isn't because it takes
Speaker 1: out the liability component, but assures a level of coordination
Speaker 1: and integration between developed and developing countries around moving forward
Speaker 1: with with the Climate agenda. So it was a positive
Speaker 1: note to start, but people here on the ground tell
Speaker 1: me there's a long way to go until we can
Speaker 1: call the summit a success. Well, what kind of progress
Speaker 1: are we looking for from this summit? Use if it
Speaker 1: seems like every year when the COP gathering gets under way,
Speaker 1: the benchmarks for success seemed to get lowered and lowered
Speaker 1: with each passing year. I think he hit the nail
Speaker 1: on the head, and that's why the Egyptian hosts here
Speaker 1: are labeling this the implementation COP. So he had the
Speaker 1: COP of lofty ambitions, the COP twenty six Glasgow, and
Speaker 1: now they just want to, you know, make a little
Speaker 1: bit of tangible progress. And that's why it was so
Speaker 1: important that we didn't get that addition to the agenda
Speaker 1: in terms of what else they can do well, in
Speaker 1: many ways, live up to existing promises like the Copenhagen Pledge,
Speaker 1: which is a hundred billion dollars annually, need to help
Speaker 1: with adaptation and mitigation from developed countries to developing countries,
Speaker 1: and just firming up the framework for discussions. You have
Speaker 1: no idea how complex this process is. Once you sit
Speaker 1: in one of these hauled I mean you're going into
Speaker 1: the far corners of U N bureaucracy. That's kind of
Speaker 1: the layers that need to be considered, and the amount
Speaker 1: of sort of diplomatic uh, I don't know, maneuvering that
Speaker 1: needs to be done. And all this is coming, of course,
Speaker 1: at the backdrop of the war in Ukraine and the
Speaker 1: potential for an energy crunch coming this winter and a
Speaker 1: spike in demand with global commodities potentially being disrupted dramatically
Speaker 1: by the war unfolding. How is that affecting what we
Speaker 1: get from these talks? It affected very much. I mean
Speaker 1: they're not beaning around the bush here. So you know,
Speaker 1: the Ukraine war, You've got the geopolitical file up between
Speaker 1: the US and China. All these things are weighing on
Speaker 1: the relative optimism that you would normally have at an
Speaker 1: event like this. And even here in Egypt, were Egyptians
Speaker 1: are feeling climate change, there's a question of financing it.
Speaker 1: So you're already dealing with double digit inflation, your local
Speaker 1: currency is down fifty over the last year. Who's going
Speaker 1: to pay for the move to cleaner energy? Right if
Speaker 1: you're trying to make ends meet? Not the end of
Speaker 1: the months we're talking about the end of the day.
Speaker 1: So those are some of the core issues that are
Speaker 1: going to be discussed with the delegations from over two
Speaker 1: hundred people of the course of two weeks, so a
Speaker 1: lot to cut through. We'll see how far we get
Speaker 1: with all of this. And I know a lot of
Speaker 1: European leaders are there now. We're expecting President Biden to
Speaker 1: arrive after the mid term elections have come and gone.
Speaker 1: What are the expectations once President Biden comes in when
Speaker 1: we could potentially see a shift in the balance of
Speaker 1: power in Washington and the corresponding changes to the kinds
Speaker 1: of commitments that potentially the US could make at a
Speaker 1: summit like this. You've only got about a minute left here,
Speaker 1: use I mean, the French President of Manuel Macros said
Speaker 1: that the US and China need to pay their share
Speaker 1: to help poor nations deal with climate change. They need
Speaker 1: the U S and China to step up as let's
Speaker 1: just tin accounts of emissions. I think there's more hope
Speaker 1: that the US can take a leadership role, and with
Speaker 1: the mid terms out of the way, it allows this
Speaker 1: administration in Washington to really focus on what has been
Speaker 1: one of its top priorities since it came into office,
Speaker 1: and that is something that is giving people here underground
Speaker 1: a lot of confidence that much more can be done
Speaker 1: with US leadership. Thanks for your time use of looking
Speaker 1: forward to your coverage over the next couple of weeks
Speaker 1: here from Charmel Shake Bloomberg's use of Kamal L Dean
Speaker 1: with us this morning, as the Copy seven summit has
Speaker 1: just gotten underway, and we will have full coverage for
Speaker 1: you throughout the next couple of weeks here as the
Speaker 1: summit unfolds. Looking ahead to the market open on Wall
Speaker 1: Street this morning, futures are pointing a little bit higher.
Speaker 1: SMP futures are up nineteen points right now Down futures
Speaker 1: up a hundred fifty seven, and Nasdaq futures are higher
Speaker 1: by fifty seven points ten. Your Treasury is up three
Speaker 1: thirty seconds the old four point one percent. Look at
Speaker 1: the commodities market and I'm ex screwed down two tenths percent.
Speaker 1: Ninety two dollars forty three cents a barrel. This is
Speaker 1: Bloomberg Bloomberg eleventh three oh weather a brief shower this morning,
Speaker 1: otherwise clearing, breezy and mild today. Highs in the mid
Speaker 1: seventies will be back in the mid fifties for highs
Speaker 1: on Election Day tomorrow and Wednesday as well. Right now
Speaker 1: sixty eight in Central Park, broadcasting live from the Bloomberg
Speaker 1: Interactive Broker's studio in New York, Bloomberg Living Free to Washington,
Speaker 1: d C, Bloomberg N one to Boston Bloomberg one six
Speaker 1: one to San Francisco Bloomberg, and I'm sixty to the
Speaker 1: country Sirius XM chto one nine and around the globe
Speaker 1: the Bloomberg Business apt in Bloomberg Radio dot com. This
Speaker 1: is Bloomberg Daybreak. It's six thirty on Wall Street. Good
Speaker 1: morning of Nathan Hagar and I'm Karen Moscow and we
Speaker 1: are just about three hours away from the open of
Speaker 1: US trading. Time to the five things you need to
Speaker 1: notice start your day. Brought to you by i b
Speaker 1: KR Investment Advisors switched to Interactive Brokers for lowest cost
Speaker 1: global trading and turn key custody solutions, no ticket charges
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Speaker 1: slash r i A First. Investors are keeping a close
Speaker 1: eye on key economic data. The October Consumer Price indexes
Speaker 1: out on Thursday, and University of Michigan Consumers Sentiment Index
Speaker 1: out Friday. Paiden and Regal Chief US economist Jeffrey Cleveland
Speaker 1: says jobs data from Friday suggests the Feds still in
Speaker 1: the thick of its inflation battle. The wage growth data
Speaker 1: has slowed maybe a little bit a point four a month,
Speaker 1: and month is still pretty strong. We're hanging out around
Speaker 1: five percent year on year wage growth, and that is
Speaker 1: not consistent, in my view, with two percent inflation. I
Speaker 1: think it's far too soon for the Fed to say
Speaker 1: they're putting the brakes on here and paid in regals.
Speaker 1: Jeffrey Cleveland said the Fed wants to see less job
Speaker 1: growth because the labor market is out of balance. Well meantime,
Speaker 1: caring the job turmoil continues with big tech. The Wall
Speaker 1: Street Journal reports Meta platforms will lay off thousands, potentially
Speaker 1: as early as Wednesday. Twitter is now asking dozens of
Speaker 1: employees who were laid off to come back. Bloomberg Tech
Speaker 1: editor Vlad Savo says Twitter's sweeping moves likely do not
Speaker 1: reflect broader trends in big TEG. Months ago, Twitter's prior
Speaker 1: leadership decided to come back on spending on office space
Speaker 1: in molded to preserve jobs. What we've seen in with
Speaker 1: Twitter cannot be extended to the prototech industry. It is
Speaker 1: a very unique situation and there's a lot of unpredictability
Speaker 1: because of Evan Muskie the home Bloomberg's Lads. Savo says
Speaker 1: more changes are coming to Twitter. The company will add
Speaker 1: verification check marks for members of its monthly subscription service
Speaker 1: after tomorrow's mid terms to avoid chaos. Well it's taking
Speaker 1: with tech Nathan. Shares of Apple are down one percent
Speaker 1: in early trading after the company announced it expects to
Speaker 1: produce less iPhone fourteen models than originally planned. In Age
Speaker 1: of Karen, You and Climate, discussions are focused on how
Speaker 1: rich countries can pay for damages caused by global warming.
Speaker 1: Netherlands Prime Minister Mark Rota spoke with Bloomberg's Francy Lakwa
Speaker 1: about moving forward on climate issues. We already are at
Speaker 1: this moment committing the one hunt of billion to help
Speaker 1: the yes to the world also and also the global
Speaker 1: South who gets on boards with affecting climate change. Dutch
Speaker 1: Prime Minister Mark Roche is one of several world leaders
Speaker 1: at top twenty seven. U S President Joe Biden appears
Speaker 1: later this week and that's the five things that you
Speaker 1: need to notice start your day. Brought to you by
Speaker 1: Interactive Brokers and Futures this morning are on the rise.
Speaker 1: SNP Future is up twenty three points now features of
Speaker 1: a hundred eighty five and Nasdack futures of seventy straight ahead,
Speaker 1: your latest local headlines plus the check of sports and
Speaker 1: this is Bloomberg. Thanksperience six three on Wall Street, sixty
Speaker 1: degrees in Central Park. Still got that crash on the
Speaker 1: northbound Hutchbags at eleven and Scarsdale, and Michael Barr has
Speaker 1: more on what's going on in New York and around
Speaker 1: the world. Good Morning Mine called Good morning Nathan. Both
Speaker 1: President Joe Biden and his predecessor Donald Trump are hoping
Speaker 1: to provide their party's late boosts on the last full
Speaker 1: day of campaigning before midterm elections that could reshape a
Speaker 1: balance of power in Washington. Biden is holding a rally
Speaker 1: this evening in Maryland as Democrats I retaking its governors ship.
Speaker 1: Yesterday at the president campaign for New York Governor Kathy
Speaker 1: hokel at a rally in Yonkers. Biden is hoping to
Speaker 1: give the incumbent a last minute boost against Republican challenger
Speaker 1: Lee Selden. Biden criticized Selden for voting with House Republicans
Speaker 1: against the American Rescue Plan that included money for police.
Speaker 1: Governor opponent had a choice, could kick cops on the
Speaker 1: job or cave to his Republican leaders. I'll give you
Speaker 1: one guess what he did. He came. Meanwhile, Congressman Zelden,
Speaker 1: at a rally just outside of Rochester, promised if he's
Speaker 1: elected governor, he's going to crack down on crime. This
Speaker 1: is about making sure and we don't have district attorneys who,
Speaker 1: by policy, are just letting violent criminals went for m
Speaker 1: Former President Trump is sent to stage his own event
Speaker 1: in Ohio, where his hand picked on at candidate Jade
Speaker 1: Events will be at his side. Yesterday, Trump urged Florida
Speaker 1: voters to support Republican candidates in the mid terms this Tuesday.
Speaker 1: You must go out and vote Republican in this giant
Speaker 1: rid wave, Uncle sham, giant rid wave that they're all
Speaker 1: talking about. The former president spoke at a vlley in
Speaker 1: Miami with Florida Senators Marco Rubio and Rick Scott. The
Speaker 1: CDC issued a warning of a surge and respiratory viruses
Speaker 1: from covid flu and RSV, especially among children, that threatens
Speaker 1: to overwhelm hospitals this fall and winter. The Powerball lottery
Speaker 1: drawing is tonight. The jackpot is expected to be one
Speaker 1: point nine billion dollars. Some people already, yeah, one point
Speaker 1: nine billion dollars. I'm sorry, some people are already thinking
Speaker 1: when on Monday, quit working on Tuesday. I feel very
Speaker 1: confident about that this would be the winning Tinkot tank gun.
Speaker 1: Put it in the bank. I'm gonna save it. I
Speaker 1: don't know what I'm gonna start win. I think that's amazing,
Speaker 1: and I hope someone really deserving. The last time someone
Speaker 1: had the jackpot winning ticket was August three, Global News
Speaker 1: twenty four hours a day on airand on Bloomberg Quick
Speaker 1: Take Power by more than twenty seven hundred journalists antalists
Speaker 1: more than a hundred twenty countries. I'm Michael barn this
Speaker 1: is Bloomberg, nath. Wouldn't that be the pre election surprise?
Speaker 1: Thank you, Michael? Six thirty six on Wall Street, time
Speaker 1: for the Bloomberg Sports Update brought by Try State Out.
Speaker 1: He Here's John stet Show. Thanks Day. And the Jets
Speaker 1: had that four game win streak and then laid an
Speaker 1: egg and yet another loss to New England that led
Speaker 1: many to say, same old Jets. They're not saying that now.
Speaker 1: Not after a twenty seventeen upset of heavily favored Buffalo
Speaker 1: and MetLife. The Jet defense outstanding sat Josh Allen five times,
Speaker 1: intercepted him twice. Jets put together a fourth quarter drive
Speaker 1: eighty six yards in thirteen plays, eight straight on the ground.
Speaker 1: The Jets ran it for a hundred and seventy four
Speaker 1: yards in the drive took over six minutes, ended with
Speaker 1: a field goal that games in the league they had
Speaker 1: once trailed by eleven. Their coaches Roberts all, I know
Speaker 1: a lot of people are going to be surprised, right.
Speaker 1: I don't think there's a person's surprise in the locker room. Um,
Speaker 1: it's a hard fall game. It's a damn good football team,
Speaker 1: world coach football team over their Buffalo. Obviously they've they've
Speaker 1: got championship aspirations. But um, but I don't think there's
Speaker 1: a guy in that locker room that I didn't think
Speaker 1: we can win. Let's go to their bye week six
Speaker 1: and three. They've won five of the last six and
Speaker 1: They'll come back from the bye with another game against
Speaker 1: New England. Kansas City. Last night beat Tennessee and overtime.
Speaker 1: The Chiefs tied the game of the late t d
Speaker 1: and two point conversion, both for Patrick Mahomes runs at
Speaker 1: the Garden. Rangers led to nothink. Detroit came back to
Speaker 1: win three two and overtime. Then that's at two wins
Speaker 1: this weekend without the suspended Kyrie Irving, who now needs
Speaker 1: to fulfill six requirements laid down by the team before
Speaker 1: they will consider lifting his suspension. And Mets have several
Speaker 1: key players who are now free agents. Crossed one off
Speaker 1: the list Edwin Diaz, who struggled early in his met
Speaker 1: career but was tremendous this past season. He has now
Speaker 1: cashed in not quite one point nine billion, but he's
Speaker 1: getting five years two million. Daz with averaged almost two
Speaker 1: strikeouts per any John Sports All right, John, thank you.
Speaker 1: The six thirty seven now on Wall Street. And besides
Speaker 1: the election and earnings, markets will be keeping a very
Speaker 1: close eye out for the data this week. Of course,
Speaker 1: a key piece of that comes out Thursday with the
Speaker 1: release of the October Consumer Price Index Bloomberg Global Economics
Speaker 1: and Policy correspondent Michael McKee joins us Now for a
Speaker 1: bit of a preview of October inflation data. Mike, is
Speaker 1: this gonna be the print where we start to see
Speaker 1: the effects of four straight seventy five basis point increases
Speaker 1: start to have an effect on inflation. It could be
Speaker 1: You're gonna have to look closely. It's not gonna be
Speaker 1: a major change, And of course looking back is the
Speaker 1: only way we get to figure out if we were
Speaker 1: right or not. So it'll be a little while before
Speaker 1: we know if if we have peaked, But the forecasts
Speaker 1: are that that we are maybe an inch Uh asked
Speaker 1: the peak of inflation. We'll see a rise in the
Speaker 1: month over month number because energy prices went up, but
Speaker 1: the core is expected to drop, and that will be
Speaker 1: the sign, and the Fed is looking for that. At
Speaker 1: least we've started in the right direction. It will be
Speaker 1: just one sign. Of course, a lot of market participants
Speaker 1: are starting to get into that debate of how much
Speaker 1: of the data the Fed will need to see before
Speaker 1: it can start to at least slow down on interest
Speaker 1: rate hikes. Well, I think if you get UH this number,
Speaker 1: it comes in a little bit lower, and then the
Speaker 1: PC at the end of the month. Does we've got
Speaker 1: another inflation report by the just before the next FED meeting,
Speaker 1: and so at that point, I think the Fed is
Speaker 1: going to be able to say we can do fifty.
Speaker 1: Now the loss of this whole debate and is a
Speaker 1: fifty basis points used to be considered a really and
Speaker 1: now so stepping back to fifty is still a pretty
Speaker 1: strong move in monetary policy. So what are we looking
Speaker 1: for in terms of the core? What's gonna be driving
Speaker 1: core inflation potentially lower? In this print, well, we are
Speaker 1: really watching services prices. Goods prices have started fall and
Speaker 1: we saw that in the I s M number this
Speaker 1: past week fell down to about six which is roughly,
Speaker 1: according to the I s M folks, compatible with one
Speaker 1: percent inflation. So it looks like supply chains have pretty
Speaker 1: much normalized and that's going to bring down goods prices.
Speaker 1: Services prices are the question, Um, they have had to
Speaker 1: pay more to find people, they're still doing it. It
Speaker 1: seems there's still a lot of job openings in the
Speaker 1: service sector, and so do we see service prices come
Speaker 1: down or are they still paying up for workers. Now
Speaker 1: we're gonna have housing as an issue for a while
Speaker 1: because it takes a long time for that. You've heard
Speaker 1: this before to get into and out of the CPI.
Speaker 1: But we are starting to see prices come down a little. Yeah,
Speaker 1: the fed like football game of inches. Thanks Mike, good
Speaker 1: having you on with a Bloomberg Global Economics and Policy
Speaker 1: correspondent Michael McKee ahead of October consumer prices coming out
Speaker 1: Thursday morning, eight thirty. Wall Street Time futures pointed higher
Speaker 1: this morning ahead of the market open. This is Bloomberg
Speaker 1: and the Bloomberg Sports Report was brought to you by Audie.
Speaker 1: Don't let someone else drive off in the Audi model.
Speaker 1: You've always wanted to visit your local price state autie
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Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot Com, the Bloomberg Business apt and at Bloomberg Quick Take.
Speaker 1: He's a Bloomberg Business Flash and I'm Karen Moscow. This
Speaker 1: update brought to you by s CIA said managers don't
Speaker 1: get results at are off the charts when they're solution
Speaker 1: tore off the shelf. Learn how scis operating platform can
Speaker 1: turn infrastructure into a competitive advantage. At sci C dot com,
Speaker 1: slash tech future is on the rise. This morning. We
Speaker 1: go to the First Word Breaking news desk for today's
Speaker 1: morning call, and here's Bill Maloney. Bill, good morning, and
Speaker 1: good morning, Karen. That's right. US futures are on the
Speaker 1: green right now, with DEWN futures up a hundred ninety points,
Speaker 1: SIMES game twenty four one, NASA futures rise by sixty nine.
Speaker 1: The US ten year old at four point one four percent,
Speaker 1: Gold is down five, oil is in the red, and
Speaker 1: bitcoin is down by one point seven percent. Hong Kong
Speaker 1: rose two point seven percent overnight, while European markets are
Speaker 1: trading mostly in the green this morning, and back in
Speaker 1: the US. On the economic front, at three o'clock, Consumer
Speaker 1: Credit and other news people familiar so that Apple expects
Speaker 1: to produce at least three million fewer iPhones than originally anticipated.
Speaker 1: Morgan Stanley's Wilson says US mid terms could fuel an
Speaker 1: equity rally, and the Wall Street Journey report that Facebook
Speaker 1: may start job cuts affecting thousands of employees. On Wednesday,
Speaker 1: Wrapping things up, n o V was race to equally
Speaker 1: over at Wells Fargo, live from the first Baging News discon.
Speaker 1: Bill Maloney, care, all right, Gil, thank you to here
Speaker 1: live breaking news. Over your Bloomberg type squawk on your
Speaker 1: termin I'll ascue you a wuk and that's a Bloomberg
Speaker 1: business flash. Now here's Michael Barr with more on what's
Speaker 1: going on around the world. Michael Karen, thank you very much.
Speaker 1: Tuesday is the mid term elections nationwide. More than forty
Speaker 1: million Americans have already cast their ballot. The election could
Speaker 1: shift the balance of power in Congress. North Korea's military
Speaker 1: says it's recent barrage of missile tests were practices to
Speaker 1: mercilessly strike key South Korean and US targets, such as
Speaker 1: air bases and operation command systems, with a variety of
Speaker 1: missiles that likely included nuclear capable weapons. The North's military
Speaker 1: said today it's missile tests were reaction to last week's
Speaker 1: massive air force drills between the US and South Korea.
Speaker 1: In the NFL, the Jets beat the Bills, The Patriots won,
Speaker 1: the Commander has lost. The Ravens play the Saints tonight.
Speaker 1: In the NHL, the Rangers lost in overtime to the
Speaker 1: Red Wings three two. In the NBA, The Wizards lost.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred
Speaker 1: journalists and analysts more than a hundred twenty countries. I'm
Speaker 1: Michael barn This is Bloomberg. The following commentary is from
Speaker 1: Bloomberg Opinion. Our Republicans write about America's crime wave. Let's
Speaker 1: look at the data. I'm Justin Fox, a columnist for
Speaker 1: Bloomberg Opinion. Crime has become a big issue in the
Speaker 1: U S. Midterm elections. That's understandable given that the national
Speaker 1: homicide rate rose thirty five percent over the past two years,
Speaker 1: leaving at the highest dispense since the nineteen nineties. Murders
Speaker 1: do appear to be down slightly this year. An incidents
Speaker 1: of other crimes did not spike in the same way
Speaker 1: during the pandemic. Property crime actually fell, but his life
Speaker 1: returns to more or less normal. This seems to be changing.
Speaker 1: Robbery was up thirty percent as of mid year in
Speaker 1: seventy major U. S cities in New York City, where
Speaker 1: murder is down fourteen percent. So far this year, major
Speaker 1: crimes overall are up thirty percent and at the highest
Speaker 1: level since two thousand six. That's sure seems like a
Speaker 1: crime wave. I'm justin Fox. For more opinion, please go
Speaker 1: to Bloomberg dot com slash opinion or O P I
Speaker 1: n go on the Bloomberg terminal. These has been Bloomberg
Speaker 1: Opinion and Bloomberg Opinion commentaries can be heard every weekday
Speaker 1: at this time and terminal customers can read more at
Speaker 1: O P I n go. It is six fifty on
Speaker 1: Wall Street and we turned to news and science and
Speaker 1: technology now at the Bloomberg n j I T Stammer report,
Speaker 1: bronze U buy New Jersey Institute of Technology as one
Speaker 1: of the nation's leading polytechnic universities at a top military
Speaker 1: friendly school, and j I T supports America's service members
Speaker 1: and their families. Learn more at n j I T
Speaker 1: dot E d U slash veterans. Now Here's this making
Speaker 1: news and science, technology, engineering and math. You and climate
Speaker 1: talks in Egypt have a gun with a deal to
Speaker 1: discuss how rich countries can help pay for the damage
Speaker 1: caused by global warming Elsewhere, the breakthrough will allow diplomats
Speaker 1: to officially debate loss and damage during the two week
Speaker 1: COP twenty seven meetings for the first time. Industrialized nations
Speaker 1: have repeatedly blocked efforts to addess to the agenda, despite
Speaker 1: demands from developing countries. China's daily COVID cases jump to
Speaker 1: the highest and more than six months outbreaks flared across
Speaker 1: the nation, and how the officials declare the nation will
Speaker 1: stick with its strict virus controls and better catch the
Speaker 1: Moon's disappearing act tomorrow. There won't be another like it
Speaker 1: for three years. The total lunar eclipse will be villas
Speaker 1: visible throughout North America on the pre dawn hours, the
Speaker 1: farther west the better, and across Asia, Australia and the
Speaker 1: rest of the Pacific after sunset. As an extra treat
Speaker 1: URINEUS will be visible just a fingers width above the Moon,
Speaker 1: resembling a bright star, and totality will at last nearly
Speaker 1: one and a half hours as Earth passes directly between
Speaker 1: the Moon and Sun, and as the Bloomberg and j
Speaker 1: I t Stem report name in Okay, Karen, thank you.
Speaker 1: We are live from the Bloomberg Interactive Brokers studios where
Speaker 1: it's six fifty two on Wall Street Time. Now to
Speaker 1: check what's going on in DC or the top story
Speaker 1: is the final campaign sprint to tomorrow's midterm election. The
Speaker 1: latest Washington Post ABC News poll has Republicans in position
Speaker 1: to take the House, but Democrat Corey Booker tells ABC's
Speaker 1: This Week he sees a path for his party to
Speaker 1: keep the Senate. And even though our economy is tough,
Speaker 1: people think about it and say, wait a minute, this
Speaker 1: is the party trying to protect unions. This is the
Speaker 1: party that made sure we did things to lower prescription
Speaker 1: drug costs and lower healthcare costs, and House the majority
Speaker 1: with James Clyburn tells Fox News Sunday, democracy itself is
Speaker 1: on the ballot tomorrow. There the nine they're trying to delete.
Speaker 1: They're trying to NUI five votes vote against that. Republican
Speaker 1: Senator Rick Scott was asked on NBC's Meat the Press
Speaker 1: whether he'd accept the results of Senate elections. Absolutely, but
Speaker 1: what we're also gonna do is do everything we can
Speaker 1: to make sure everybody they're free and fair. And if
Speaker 1: anybody you do, if there's any shenanigans, we're ready to
Speaker 1: make sure we make sure we support our Canadas to
Speaker 1: make sure that these elections are fair and every ballot
Speaker 1: is counted. The right way, and on CBS is Face
Speaker 1: the Nation. Chris Krebs, former head of the agency that
Speaker 1: ensured the integrity of the election, said, there are already
Speaker 1: reports of foreign actors trying to undermine tomorrow's vote. They
Speaker 1: recognize that political discourse is very divisive here in the US,
Speaker 1: and they have more opportunities, uh probably than ever before,
Speaker 1: to continue to undermine confidence, to create chaos, which is
Speaker 1: really their primary objective. Face the Nation, Meet the Press,
Speaker 1: Fox News Sunday and this week can all be heard
Speaker 1: every Sunday right here on Bloomberg Radio and Bloomberg Government
Speaker 1: reporter Emily Wilkins joins me now in this final full
Speaker 1: day before tomorrow's election day. So Emily, what are you
Speaker 1: focused on ahead of the mid term vote? So many
Speaker 1: different things, Nathan, and and we should point out that
Speaker 1: at this point there have been over forty million mail
Speaker 1: and ballots and early votes that have already been placed,
Speaker 1: so this thing is well underway. And also tomorrow might
Speaker 1: not be the big finale. We might not know by
Speaker 1: the end of tomorrow who controls the House, who controls
Speaker 1: the Senate. But I think there's a really good point
Speaker 1: there that, yes, the main question is the Senate. The
Speaker 1: House is likely to go to Republicans. We could see
Speaker 1: anywhere from them picking up a dozen seats to five seats, um.
Speaker 1: All of that would give them the power to control
Speaker 1: the House next year. But I think the Senate is
Speaker 1: very much still in play. You've got to keep an
Speaker 1: eye on Pennsylvania. You gotta keep an eye in Nevada.
Speaker 1: You gotta keep an eye on Georgia, which might go
Speaker 1: to a runoff situation. Again, we might again be waiting
Speaker 1: to know, UM. So I think tomorrow is gonna gonna
Speaker 1: start off a little bit of waiting for process to
Speaker 1: see exactly how good of a night Republicans have. UM.
Speaker 1: At this point, there is a lot of expectation, uh,
Speaker 1: that that the winds will be in their favor and
Speaker 1: that they are going to control at least one chamber
Speaker 1: of Congress next year. Among those states that could be
Speaker 1: competitive tomorrow night, Emily, I didn't hear you mentioned the
Speaker 1: one that President Biden was in last night. That's New
Speaker 1: York State. Got a pretty surprisingly competitive governor's race happening there.
Speaker 1: It does it as a competitive governor's race. It has
Speaker 1: a number of competitive House races, UM, And we might
Speaker 1: not it might take a while for them to count
Speaker 1: up their votes. But yes, Biden was there that week
Speaker 1: yesterday campaigning with a governor Kathy Hoco. Um. You know,
Speaker 1: she had for a while a pretty considerable lead on
Speaker 1: her Republican nominee, Congressman Lee Selden, but that's really tightened
Speaker 1: in past weeks as Zelden has continually hit her on
Speaker 1: crime rates, crime going up. And so last night Biden
Speaker 1: used that exact same playbook. He came up, he campaigned
Speaker 1: with hocol and he criticized Selden's record on crime. He
Speaker 1: criticized him for not supporting the assault weapons bans, for
Speaker 1: not standing up to the n r A. And I
Speaker 1: think it goes to show just how much of an
Speaker 1: important issue crime has become with this election. We've seen
Speaker 1: it in New York, we've seen it in places like Oregon.
Speaker 1: Really shape a couple of these congressional races in areas
Speaker 1: where people are concerned. It's a lot of suburban areas
Speaker 1: where folks are concerned about all these high crime rates
Speaker 1: they've heard in the city. Um, and they're worried that
Speaker 1: they might be coming to where folks live outside the city.
Speaker 1: Only about a minute left here, Emily. But if we
Speaker 1: don't get firm results after tomorrow night, are you looking
Speaker 1: out for the possibility of doubts being raised about the
Speaker 1: integrity of the election? Got about a minute left here. Well,
Speaker 1: we know that there are folks who to continue to
Speaker 1: deny the results of the legitimate election, and there's a
Speaker 1: chance that we could see more folks doing that tomorrow
Speaker 1: at a number of state level and federal level races. UM.
Speaker 1: I think those to a certain extent, there's a lot
Speaker 1: of expectation setting right. And so now we've been through
Speaker 1: an election where we've had mail and ballots, where you've
Speaker 1: seen how things can shift between what happens with the
Speaker 1: mail and what happens with the vote, what happens with
Speaker 1: the vote, what happens with the mail, and and every
Speaker 1: state is a little bit different. There are certain states, um,
Speaker 1: like North Carolina and Florida where mail and bells tend
Speaker 1: to get counted for so Democrats are gonna look like
Speaker 1: they have a good night and then we're gonna see
Speaker 1: Republicans catch up in there are states where that's absolutely
Speaker 1: the opposite. And so hopefully everyone's learned a little bit
Speaker 1: more after the elections. But there are absolutely folks out there,
Speaker 1: I think who are are ready to question the validity
Speaker 1: of the election should they not win. Thanks Emily. As always,
Speaker 1: they're gonna be very busy tomorrow night and potentially for
Speaker 1: the days to come following this midterm that's Bloomberg Government
Speaker 1: reporter Emily Wilkins with us from the nation's capital. You
Speaker 1: can read more on Bloomberg dot com or on the
Speaker 1: Bloomberg terminal. Listen to Bloomberg Radio in Washington Bloomberg and
Speaker 1: one oh five point seven FM HD two that will
Speaker 1: be the hub of our mid term election coverage. Bloomberg
Speaker 1: Surveillance is next with Tom Keene, Jonathan Farrell, and Lisa
Speaker 1: Brambowitz for Karen Moscow. I'm Nathan Hager. This is Bloomberg