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Speaker 1: Live from the Bloomberg Interactive Berger Studios. Is this Bloomberg

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Speaker 1: Daybreak for Tuesday, December twenty seven, twenty two. Coming up,

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Speaker 1: the shower stocks in China gain as the country continues

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Speaker 1: to roll back COVID measures that's helping to lift US

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Speaker 1: futures as we close out the last trading week of

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Speaker 1: the year, and President Biden declares an emergency in the

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Speaker 1: state of New York because of the winter storm. New

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Speaker 1: York GOP Representative Alex Santos admits he lied about its

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Speaker 1: job experience. Plus Democrats called Texas Governor Rabbit's actions on

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Speaker 1: migrants of dangerous stunt. I'm Michael Barr more ahead, I'm

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Speaker 1: John Stashow in Sports Red Hot, and that's been at

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Speaker 1: nine wins in a row with a win in Cleveland.

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Speaker 1: Mike White is back, is the Jets starting quarterback. That's

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Speaker 1: all trended ahead on Bloomberg day Break on Bloomberg. He

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Speaker 1: liveing free on New York, Bloomberg one, Washington, d C,

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Speaker 1: Bloomberg one, O six one, Boston, Bloomberg nine sixty, San Francisco,

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Speaker 1: Sirius x AM one nineteen and around the world on

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Speaker 1: Bloomberg Radio dot Com and via the Bloomberg Business app. Hey,

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Speaker 1: good morning, I'm John Tucker and I'm Karen Moscow. US

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Speaker 1: not Index Future is on the rise this morning, and

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Speaker 1: we checked the markets all day long here on Bloomberg.

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Speaker 1: Right now, SMP futures are up twenty five points, up

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Speaker 1: almost seven tenths of uppercent. Down future is up six

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Speaker 1: tents of upper center two hundred fifteen points, and now's

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Speaker 1: dead future is up half percent or fifty eight points.

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Speaker 1: The decks in Germany up about eight tens of percent. Ten,

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Speaker 1: Your treasury down seven thirty seconds. Yell three point seven

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Speaker 1: seven percent. They yield on the two year four point

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Speaker 1: three three percent. Nine back screw oil is up one

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Speaker 1: percent or eighty one cents at eighty dollars thirty seven

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Speaker 1: cents of barrel. Comex gold up seven tenths percent or

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Speaker 1: twelve dollars thirty cents at eighteen sixteen fifty. Announced the

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Speaker 1: euro one point six six five against the dollar, then

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Speaker 1: one thirty three point three to John and Karen as

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Speaker 1: we wait firstock to again trading here in the US

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Speaker 1: on the short and trading week. Equities in Asia are hire.

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Speaker 1: China continues to roll back COVID measures and that's boosting

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Speaker 1: sentiment in the region. Let's get the recap from Bloomberg

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Speaker 1: Daybreak Asia anchor Brian Curtis. In Hong Kong, Asian stocks

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Speaker 1: powered higher on the China news of ditching quarantine rules.

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Speaker 1: Traveling consumer good stocks jumped. It was a risk on day,

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Speaker 1: with US and European equity futures also higher and the

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Speaker 1: dollar lower. Investors also embraced the cooling of a key

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Speaker 1: inflation measure in the United States. Oil and gold also bounced.

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Speaker 1: Indexes of US, Asian and global stocks still remained down

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Speaker 1: about this year. It's the worst annual performance since two

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Speaker 1: thousand and eight. In Hong Kong, Brian Curtis, Bloomberg Daybreak,

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Speaker 1: Brian thanks well on geo political news, US China tensions

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Speaker 1: are in focus again. The US is criticizing Beijing's military

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Speaker 1: drills near Taiwan. This week. The National Security Council called

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Speaker 1: the exercises provocative and said it will continue to help

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Speaker 1: Taiwan defend itself. Last week, US lawmakers agreed to a

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Speaker 1: spending bill that included two billion dollars in web been

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Speaker 1: funding for Taiwan and back here in New York, Karen

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Speaker 1: Nasty bout of winter weather has resulted in twenty eight

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Speaker 1: deaths and crippled parts of the state, and Unpresident Biden

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Speaker 1: has approved a disaster declaration in New York. Let's get

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Speaker 1: more of the story from Bloomberg's Michael Barr. The Buffalo

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Speaker 1: area got at least four ft of snow and more

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Speaker 1: is expected today. New York Governor Kathy Hunkel, we have

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Speaker 1: been to a lot of wars together, and this blizzard

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Speaker 1: is the one for the ages. Certainly, it is the

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Speaker 1: blizzard of the century. Those who died around Buffalo were

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Speaker 1: found in cars, homes, and snowbanks. Some died while shoveling snow.

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Speaker 1: Buffalo Mayor Byron Brown says they are also dealing with

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Speaker 1: power outages and lack of heat. I myself and my

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Speaker 1: family were without power. I can tell you at one

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Speaker 1: point the temperature in our home got down to about

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Speaker 1: forty degrees. It was very uncomfortable. We had to layer up.

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Speaker 1: Mayor Brown says some people that have been with out

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Speaker 1: powers since Friday in New York. Michael Barr Bloomberg Daybreak, Grey, Michael,

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Speaker 1: thank you for the bad weather across the country, also

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Speaker 1: hitting air travel hard. Let's get that part of the

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Speaker 1: story Live with Bloomberry Steve Rappaport, Steve, good morning, Good morning,

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Speaker 1: Karen and John. Airlines are scrambling to catch up after

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Speaker 1: a winter storm canceled thousands of flights during the Christmas

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Speaker 1: travel rush. The flight tracking website flight of Where shows

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Speaker 1: more than twenty eight hundred flights grounded today. Southwest was

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Speaker 1: the worst hit, accounting for nearly seventy of cancelations nationwide. Yesterday,

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Speaker 1: Southwest Senior director Jim McVeigh, as the storm continued to

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Speaker 1: sweep across the country, the cancelations just compiled one after another,

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Speaker 1: and as a results, we end up with flight cruise

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Speaker 1: and airplanes that are out of place and not in

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Speaker 1: the cities that they need to be in to continue

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Speaker 1: to run our operations. McVeigh says the airline is doing

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Speaker 1: everything it can to write the current challenges. Southwest stock

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Speaker 1: is down about three percent in pre market trading live

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Speaker 1: in New York. I'm Steve Rappaport, Bloomberg Daybreak. All right, Steve,

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Speaker 1: thanks and turning back to the markets. We're closing out

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Speaker 1: the last trading week of a dismal year for equities.

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Speaker 1: The SB downboard in harder hit has been the tech

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Speaker 1: heavy Danstac, which has lost a third of its value.

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Speaker 1: John Golloby is the chief US equity strategist at Credit Sweetz.

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Speaker 1: I think that this problem that we've had in tech

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Speaker 1: is not a sentiment problem. It's an earnings problem. And

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Speaker 1: it doesn't last for three or four quarters. It last

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Speaker 1: for six or eight quarters. And a lot of these

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Speaker 1: big tech companies that two or three years ago we

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Speaker 1: said they have modes, they're impenetrable, and we talked in

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Speaker 1: those terms. Um, a lot of those companies are are

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Speaker 1: getting closer to total addressable market, whether that's in handsets

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Speaker 1: or advertising or other things like that. And it's Jonathan

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Speaker 1: gollobit Credit Sweezy thinks the resilient consumer will keep the

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Speaker 1: US out of a recession well once a pandemic. Darling

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Speaker 1: Peloton disappointed investors last month with the holiday forecast that

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Speaker 1: missed estimates. Now it has a new plan to help

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Speaker 1: re coop some of those losses. When we get the

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Speaker 1: details from Bloomberry's Erica her Schooitz. Peloton released the statement Monday,

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Speaker 1: saying it will begin offering refurbished bikes at discounts of

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Speaker 1: up to five hundred dollars below new model prices. The

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Speaker 1: price tag on a certified refurbished model will range from

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Speaker 1: eleven dollars that's three hundred to five hundred dollars below

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Speaker 1: current prices. The refurbished bikes come with the same twelve

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Speaker 1: month limited warranty as the new ones and include delivery

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Speaker 1: and set up. The company's all Access membership is sold separately.

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Speaker 1: Shares a peloton or down this year. Erica Schuwitz, Bloomberg Radio,

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Speaker 1: Thanks Erica. Shares of the AMC Entertainment continuing their slide

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Speaker 1: this morning. They're down another seven percent, enter falling on

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Speaker 1: Thursday and Friday. The company is proposing to convert preferred

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Speaker 1: equity units into common shares along with a ten to

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Speaker 1: one reverse stock split. Again, futures are on the rise

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Speaker 1: this morning. Straight ahead, we have your latest local headlines,

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Speaker 1: plus a check of sports, and this is Bloomberg. Karen,

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Speaker 1: thanks six or seven of Wall Street. Time to bring

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Speaker 1: in Michael Barr with Moura what else is going on

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Speaker 1: to New York and around the world. Thank you very much, sir.

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Speaker 1: Representative Elect George Santos of New York admitted that he

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Speaker 1: lied about his job experience and college education during a

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Speaker 1: successful campaign for a seat in the US House. In

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Speaker 1: an interview with The New York Post in w ABC radio,

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Speaker 1: the Long Island Republicans said, my sins here are embellishing

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Speaker 1: my resume. I'm sorry. A lot of people over stayed

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Speaker 1: in their resumes or um twist a little bit or

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Speaker 1: an ingran jate themselves. I'm not saying I'm not guilty

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Speaker 1: of that. I'm just saying I've done so much good

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Speaker 1: work in my career. The New York Times raised questions

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Speaker 1: last week about the life story that Santos had resented

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Speaker 1: during his campaign, including that he worked for City Group

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Speaker 1: and Goldman Sachs. Neither company could find any records verifying

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Speaker 1: that Ian Connecticut at two year veteran of the North

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Speaker 1: Haven Fire Department has died from injuries he sustained while

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Speaker 1: working ablaze at a four family home. The department identified

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Speaker 1: the firefighters forty six year old if Mattheist Wurtz. The

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Speaker 1: Connecticut State Police are investigating the cause of the blaze,

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Speaker 1: which displaced thirteen residents on Christmas night. The Biden administration

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Speaker 1: is accusing Texas Governor Gregg Abbot of endangering lives all

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Speaker 1: in the name of politics. Three buses of migrants traveled

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Speaker 1: from Texas and were left in the bitter cold outside

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Speaker 1: the Vice President's official residents. Ukraine's foreign minister has said

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Speaker 1: his nation wants a summit to end the war, but

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Speaker 1: he doesn't anticipate Russia taking part. Dmitro Kuleba says that

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Speaker 1: his government wants a peace summit within two months at

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Speaker 1: the United Nations with Secretary General Antonio Guterres as mediator.

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Speaker 1: Every war ends as a result of uh the actions

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Speaker 1: taking at the battlefield and at the negotiating tame table.

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Speaker 1: But the balance of what will be one on the

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Speaker 1: battlefield and what will be one at the table it

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Speaker 1: remains to be seen. Foreign Minister Goliba also told the

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Speaker 1: Associated Press that Russia must face a war crimes tribunal.

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Speaker 1: Global News twenty four hours a day on air and

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Speaker 1: on Bloomberg Quicktake, powered by more than journalists and analysts

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Speaker 1: in more than a hundred twenty countries. Michael Barr and

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Speaker 1: this is Bloomberg, John, Michael, thank you six Tama Will

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Speaker 1: Street and signed out for the Bloomberg Sports updates being

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Speaker 1: brought to you by your try State Alley Dealer. And

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Speaker 1: Good morning, John stash Ower, Good morning, John Tucker. Jets

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Speaker 1: have four quarterbacks. They've used all four. They started three.

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Speaker 1: Zach Wilson's gone from first string down to third, then

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Speaker 1: after second back to first. Now he's back to third stringer.

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Speaker 1: Maybe it's fourth, but he'll be inactive with the Jets

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Speaker 1: Sunday in Seattle. Mike White has recovered from those injured ribs,

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Speaker 1: so he'll start with Joe Flacco the backup, and Jets

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Speaker 1: coach Robert Salah was af our things stand with Wilson.

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Speaker 1: Still think he's got a future here. I still think

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Speaker 1: he's gonna be a really good quarterback. Uh. He just

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Speaker 1: he needs time to just kind of sit back and

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Speaker 1: continue the development that we're trying to rekick start, if

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Speaker 1: you will, after the New England game. But I still

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Speaker 1: have him in our future, in our in our plans.

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Speaker 1: This runs contrary to report on Fox and the Jets

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Speaker 1: and decided to move on from Wilson after this season.

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Speaker 1: The Colts, with their third different starting QB and one

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Speaker 1: time Super Bowl hero Nick Foles through three interceptions the

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Speaker 1: Chargers one three that clinches an a f C wild

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Speaker 1: card for the Chargers, so there's one a f C

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Speaker 1: spot remaining with Miami, leading the Jets, Patriots, and Steelers

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Speaker 1: by one game. Dolphins qb to a ton of belowas

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Speaker 1: and concussion protocol as he was earlier this season. The

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Speaker 1: Giants were watching that game last night because they host

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Speaker 1: Indianapolis on Sunday. At Giants win and they're in the playoffs.

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Speaker 1: Denver at four and eleven just lost by thirty seven.

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Speaker 1: The Broncos fired coach Nathaniel Hackett. Ninth grade win for

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Speaker 1: the Red Hot Nets. Both Kevin Durant and Tyby Irving

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Speaker 1: scored thirty two. T J Warrent off the bench for

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Speaker 1: twenty three seventeen win in Cleveland and has the Nets

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Speaker 1: only two games at the first place in the East.

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Speaker 1: Nick looked into three game losing streak tonight there in

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Speaker 1: Dallas the Rangers at home for Washington. John Stash with

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Speaker 1: Bloomberg Sports. John all right, John, thanks very much, and

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Speaker 1: the Bloomberg Sports Report was brought to you by Audie.

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Speaker 1: of the cash Open on Wall Street this Tuesday morning

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Speaker 1: after the holiday. Dal fustres right now two eleven points higher.

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Speaker 1: That's up six tenths of eight percent. Smp E Mini

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Speaker 1: futures twenty five points higher, that's up seven tenths of

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Speaker 1: a percent. And they's a heavy DAS deck futures sixty

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Speaker 1: points higher right now. That is up six tenths of

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Speaker 1: a percent. The ten year yield was at three seventy seven.

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Speaker 1: The two year yield was at four thirty four. You're

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Speaker 1: listening to Bloomberg Daybreak live from coast to coast, from

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Speaker 1: New York to San Francisco, Boston to Washington, d C.

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Speaker 1: Nationwide on Sirius Examp, the Bloomberg Business app, and Bloomberg

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Speaker 1: dot Com. This is Bloomberg Daybreak, and good morning. I'm

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Speaker 1: John Tucker. Well two. It's been something of a horror

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Speaker 1: show for technology stocks. Tech having NASTAC is down thirty

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Speaker 1: three percent since the start of the year. And what

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Speaker 1: is the path I've had? Who better to ask than

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Speaker 1: the Dana Eyes, Managing director at Wedbush Securities. Dan, thanks

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Speaker 1: very much for joining us this morning. What is the

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Speaker 1: outlook for tech stocks in book? It's obviously been a

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Speaker 1: disaster year for attacking two thousand twenty two, and I

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Speaker 1: think going two thousand, clearly sentiment continues to be negative,

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Speaker 1: but we take a little more contrary of view. I

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Speaker 1: think a lot of the bad news they didn't attack.

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Speaker 1: I think a lot of these stocks are oversold, and

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Speaker 1: ultimately we leave tech stocks will be up about two three.

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Speaker 1: Can you characterize the sell off of the space as indiscriminate. Yeah,

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Speaker 1: I'd say it's all been painted with the same brush.

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Speaker 1: I mean, with the FED continue to go aggressive on hikes,

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Speaker 1: you've really seen just a massive risk off across the board. Now,

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Speaker 1: a lot of the COVID beneficiaries and some of you

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Speaker 1: know that the would I'll say, the names that really

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Speaker 1: saw the benefit do a stocks. Some of those are down.

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Speaker 1: But when you look at Big Tech, I think the

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Speaker 1: difference now is that you're starting refiners see cracks in

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Speaker 1: the armor in terms of growth, and I think that's

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Speaker 1: why Big Text sold off as well as what you've

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Speaker 1: seen in terms of China and some of the supply

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Speaker 1: chain issues. Really it was a perfect storm. Protect we

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Speaker 1: do not expect the same repeat in two thousand three,

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Speaker 1: So it was more of a just a sentiment problem.

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Speaker 1: Was it was an earnings problem as well. I think

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Speaker 1: about seventy of it, which is multiple compression fed driven

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Speaker 1: the ten year and basically no matter what, the risk

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Speaker 1: off asset really got thrown out the window. But I

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Speaker 1: think over the last few months you've started to see

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Speaker 1: going into what looks like a very softer macro, some cracks,

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Speaker 1: specifically more in consumer tech. I think social media really

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Speaker 1: for intandin you saw that with Meta. You've seen that

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Speaker 1: also in digital advertising with delights of Google and others.

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Speaker 1: And enterprise is actually held up extremely well. But I

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Speaker 1: think investors overall it's a white knuckles going two thousand

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Speaker 1: twenty three, and in my view it's as under earned

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Speaker 1: as i've seen the tech sector. These two thousand nine

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Speaker 1: are the evaluations very attractive. At this point, look, evaluations

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Speaker 1: and tech are below their five year mean. So even

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Speaker 1: when you take out that sort of COVID eighteen months,

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Speaker 1: you know what we could call it a bubble that

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Speaker 1: ultimately formed, we're way below that. I mean, we're starting

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Speaker 1: a back to seventeen level, the e teen levels in

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Speaker 1: terms of from a growth perspective, and I think right

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Speaker 1: now investors have started to beakon into a lot of

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Speaker 1: these numbers that that's you know, earnings still could come

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Speaker 1: down further, but I think a lot of that has

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Speaker 1: already factored in. And when I look at big tech,

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Speaker 1: the legs of a Microsoft and Amazon and Google, you

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Speaker 1: look at shiber security as a subsector, I believe there's

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Speaker 1: gonna be pillars of strength in tech. And it goes

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Speaker 1: back to you when you come out of the last

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Speaker 1: called dot com bubble and burst oh eight or nine,

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Speaker 1: the best opportunities, the golden opportunities, were coming out of

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Speaker 1: those carnages. And I think that's what we're going into

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Speaker 1: in two thousand. Yeah, I mean to preserve the margins

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Speaker 1: um tech companies that they could continue to shift focus

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Speaker 1: on some of the operational discipline that we've seen, i e.

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Speaker 1: Layoffs well tech companies. If you look at the last

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Speaker 1: four or five years, a lot of them, I mean

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Speaker 1: they were spending money like nineties rock stars, so sometimes

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Speaker 1: increasing fifteen workforce per year. And I think during KOVID

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Speaker 1: you saw a huge pull forward that said, I mean

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Speaker 1: the clock struck midnight. So now you're starting to see

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Speaker 1: layoffs across tech. But I also do think that in

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Speaker 1: a wild of non strategic areas, and I think strategically

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Speaker 1: areas like cloud, digital advertising, others, you're gonna continue see

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Speaker 1: growth as well as M and A. But I think

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Speaker 1: this is really just after being tefarn like the last decade,

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Speaker 1: texts finally started see some softness and that's why you've

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Speaker 1: seen the laps. Accordingly, hey, can you call a bottom

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Speaker 1: for Let's get some of the individual names. Tesla stock

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Speaker 1: this year is a Tesla they've taken on a dive

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Speaker 1: this year. Yeah, and a lot of that, I'd say

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Speaker 1: the vast majority is must Twitter driven there and because

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Speaker 1: of that fiasco train rec situation with Twitter, that's really

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Speaker 1: been the major overhanging on Tesla. And we do believe

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Speaker 1: Tesla stock is ultimately oversold here. But but a lot

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Speaker 1: of this is really how much Candles is going forward?

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Speaker 1: Does you get a CEO in the sooner arriving later

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Speaker 1: of Twitter and ultimately when it comes to electric vehicles,

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Speaker 1: I mean, Tessa continues to really be the market share leader.

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Speaker 1: I just think that continues to be a name where

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Speaker 1: Must ultimately really determines what's going to happen here. We

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Speaker 1: do believe that you know, the bottom is likely and

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Speaker 1: intention Dan i'ms the managed director at web Bush Security

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Speaker 1: is taking a look at some of the tech names

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Speaker 1: this morning. For us in the overall market, Dan's gonna

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Speaker 1: rejoin us in just a moment. And as we look

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Speaker 1: ahead of the cashow up on Wall Street, the NASA

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Speaker 1: even the future is right now sixty two points higher.

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Speaker 1: That's up six tenths of eight percent. SMP futures they're

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Speaker 1: twenty five points higher, up seven tenths of a percent.

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Speaker 1: Right now. The down futures are up two hundred twelve

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Speaker 1: points again, up seven tenths of a percent. On this

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Speaker 1: Tuesday morning, You're listening to Bloomberg Daybreak, markets, headlines and

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Speaker 1: breaking news twenty four hours a day at Bloomberg dot Com,

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Speaker 1: the Bloomberg Business Outland at Bloomberg Quick Tape. This is

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Speaker 1: a Bloomberg Business Flash and I'm Karen Moscow Equity is

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Speaker 1: on the rise this morning, while the dollar declines amid

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Speaker 1: positive sentiment from China's rollback of COVID isolation measures and

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Speaker 1: the cooling of a key inflation engage in the US.

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Speaker 1: We checked the markets all day long year on Bloomberg.

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Speaker 1: SMP Future is up about twenty six points, or seven

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Speaker 1: tenths of uppercent. Down Future is up six tenths of

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Speaker 1: upper cent or two hundred fourteen points. NASAC Future is

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Speaker 1: up six tents of a percent or sixty five points.

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Speaker 1: The decks in Germany's up three quarters of a percent.

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Speaker 1: Ten year treasury down seven thirty seconds. He had three

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Speaker 1: point seven seven percent. They yield on the two year

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Speaker 1: four point three four percent, and I'm ex Scrude oil

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Speaker 1: is up one percent or eighty one cents at eighty

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Speaker 1: dollars thirty seven cents of barrel. That's a Bloomberg business flash.

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Speaker 1: Now here's Michael Barg with more on what's going on

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Speaker 1: around the world. Make Karen, thank you very much. President

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Speaker 1: Biden has approved New York's emergency declaration as the death

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Speaker 1: toll from a pre Christmas blizzard that paralyzed the Buffalo

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Speaker 1: area and much of the country has risen to eight.

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Speaker 1: The dead have been found in their cars, homes, and

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Speaker 1: in snow banks. Meanwhile, thousands of flights were canceled or delayed,

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Speaker 1: and more are scrapped for today. South Korea sent drones

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Speaker 1: across the border into North Korea. It is an unprecedented

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Speaker 1: for tant military move. After Kim John UN's regime dispatched

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Speaker 1: five unmanned aerial vehicles into its air space. Monday Night football,

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Speaker 1: the Chargers beat the Colts twenty three in the NBA.

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Speaker 1: The NETS one Global News twenty four hours a day

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Speaker 1: on air and on Bloomberg Quicktake, powered by more than

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Speaker 1: twenty seven hundred journalists and analysts and more than a

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Speaker 1: hundred twenty countries. How Michael barn this is Bloomberg, John Michael,

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Speaker 1: thank you. It's kind of up on six four on

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Speaker 1: Wall Street. Hum. John Tucker, you are listening to Bloomberg Daybreak.

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Speaker 1: Let's continue knew our focus on the technology sector this

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Speaker 1: morning with Dan Eyes, Managing director at wet Bush Securities.

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Speaker 1: Dan at the intersection of tech investing and monetary policy.

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Speaker 1: Let's talk about some of the wild cards that are

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Speaker 1: out there for technology in three interest rate policy. What's

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Speaker 1: the expectation and what is the ultimate impact on technology? Well,

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Speaker 1: ultimately that's really been the black cloud over tech and

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Speaker 1: risk assets. I mean, is the FED continues to be

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Speaker 1: on this hawkish path towards ultimately combat and inflation. Are

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Speaker 1: they in the seventeen eighth or nine now? The one

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Speaker 1: thing it feels definitely like in the first sort of

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Speaker 1: quarter and a half two the FED will be done

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Speaker 1: with those hikes. And that's the important thing is that

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Speaker 1: right now, that's the biggest variable that I think in

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Speaker 1: terms of investors really diving into the deep end of

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Speaker 1: the pool and risk assets. It's FED driven. It's ten

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Speaker 1: years of been, but we we were starting in the

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Speaker 1: eighth ninth dinning. That's why we beat bullish on tech. Here.

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Speaker 1: Can you further differentiate those names that are more consumer

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Speaker 1: of facing, Yeah, I think when you look at names

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Speaker 1: that have really taken on the chin the upper concept,

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Speaker 1: names like Amazon, which obviously is very heavily exposed in

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Speaker 1: terms of the consumer trends, but on some of the parts.

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Speaker 1: If you look at the cloud business, I think that's

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Speaker 1: an undervalued piece. You look at Meta, I mean Zuckerberg

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Speaker 1: and Facebook, that's really been you know, what's been a

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Speaker 1: disaster year in terms of two thousand twenty two because

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Speaker 1: of that aggressive what we've we've risky moved ultimately the

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Speaker 1: metaborth strategy and now it's really about them peeling that

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Speaker 1: back and focused on social media. And then you look

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Speaker 1: at other names. Of course, you look at names like

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Speaker 1: Alphabet in terms of Google and some of these other

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Speaker 1: digital advertising players. But but like I was taking. I

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Speaker 1: believe there's me a lot of M and A and

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Speaker 1: I think a lot of these spots are baking in

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Speaker 1: almost army getting like new is and there's why any

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Speaker 1: relief we gets in tected ripple out higher. And at

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Speaker 1: the end of your note that you passed along you

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Speaker 1: have favorite cloud names, favorite cyber security names, favorite under

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Speaker 1: the radar names, favorite overall tech name, top M and

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Speaker 1: A candidates. Let's go right through the list. If you

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Speaker 1: would start with the favorite cloud names, Yes, the favorite

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Speaker 1: cloud names. Microsoft. In our opinion, communes would be the

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Speaker 1: best way to play cloud in terms of the strength

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Speaker 1: we're seen in Redmond, and I think that's gonna be

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Speaker 1: a resilient area of spend despite some of the macro

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Speaker 1: storm cloud. I also look at Salesforce dot com. I

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Speaker 1: mean that's the name time and thrown out in the

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Speaker 1: garbage here. I think there's been more activism. There's a

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Speaker 1: core cloud in there, and from the Salesforce. I also

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Speaker 1: think Amazon and the Cloud pieces a way to play

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Speaker 1: that as well. And real quick, the favorite cyber security names,

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Speaker 1: favorite cyber I love names like pow Out, Checkpoint, cyber Arc,

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Speaker 1: as well as Hannible, a z Scaler and crowds of

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Speaker 1: those names in the left wane. I think cyber security

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Speaker 1: is going to be what I've used a rocket Gibraltar

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Speaker 1: sector just given the threat levels that we've seen two

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Speaker 1: thousand twenty three. And uh, let's do top M and

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Speaker 1: A candidate's real quick like fifteen seconds here, Yeah, top

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Speaker 1: M and AD. I think cyber and cloud we're going

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Speaker 1: to see those. There's a names like vivernous quow as

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Speaker 1: Cannibal could see a rapids seven. I think it's going

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Speaker 1: to be just the tidal wave of M and A

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Speaker 1: that hits packed in two thousand and I'll do this

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Speaker 1: last one for you. The favorite overall tech name is Apple. Dan.

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Speaker 1: Always a pleasure. We appreciate it, Dan, I've said wet

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Speaker 1: Bush Securities setting us up for the new year with technology.

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Speaker 1: And as we look at the tech A Dance dec Index,

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Speaker 1: it is right now seventy points higher the tech futures.

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Speaker 1: Just to have this morning's top stories plus your local

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Speaker 1: headlines and check out of markets. But first let's get

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Speaker 1: a look at today's Boomberg weather for a cast with

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Speaker 1: Rob Caroline gradual clearing today his in the tristead areas

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Speaker 1: should be around thirty five this say afternoon. This looks

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Speaker 1: to be the coldest day out of the work week,

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Speaker 1: will be warmer by the weekend. Clear skies tonight those

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Speaker 1: five to thirty Tomorrow, lots of sunshine. It should be

429
00:24:12,520 --> 00:24:15,200
Speaker 1: forty to forty five tomorrow afternoon hartlely cloudy with a

430
00:24:15,240 --> 00:24:17,640
Speaker 1: low of thirty to thirty five Tomorrow night. You look

431
00:24:17,680 --> 00:24:20,080
Speaker 1: for Thursday sunny and forty five to your fifty eight.

432
00:24:20,400 --> 00:24:23,120
Speaker 1: I'm Rob Carolyn with your three day forecast on Bloomberg

433
00:24:23,160 --> 00:24:30,280
Speaker 1: eleven three oh broadcasting live from the Bloomberg Interactive Broker

434
00:24:30,440 --> 00:24:33,840
Speaker 1: Studio in New York. Bloomberg E Living Freedom to Washington,

435
00:24:33,960 --> 00:24:38,000
Speaker 1: d C. Bloomberg to Boston, Bloomberg one oh six one

436
00:24:38,119 --> 00:24:41,560
Speaker 1: to San Francisco, Bloomberg nine six to the country, Sirius

437
00:24:41,760 --> 00:24:44,159
Speaker 1: XM to A one nine te and around the globe

438
00:24:44,280 --> 00:24:48,240
Speaker 1: the Bloomberg Business and Bloomberg Radio dot Com. This is

439
00:24:48,280 --> 00:24:57,840
Speaker 1: Bloomberg Daybreak that's coming up on six thirty of Wall Street.

440
00:24:57,880 --> 00:25:00,639
Speaker 1: Good morning, I'm John Tucker and I'm TERR Moscow. We

441
00:25:00,720 --> 00:25:02,800
Speaker 1: are just about three hours away from the open of

442
00:25:02,880 --> 00:25:05,119
Speaker 1: US trading. Time for the five things you need to

443
00:25:05,200 --> 00:25:08,480
Speaker 1: notice start your day. Brought to you by Innovation Refunds.

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Speaker 1: thousand dollars per employee kept on the payroll during the pandemic.

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Speaker 1: Find out to get refunds. Dot Com First, US futures

450
00:25:29,680 --> 00:25:32,639
Speaker 1: and stocks overseas are higher this morning. The boost in

451
00:25:32,760 --> 00:25:36,800
Speaker 1: sentiment comes as China's scraps more COVID rules. Now Beijing

452
00:25:36,920 --> 00:25:40,200
Speaker 1: plans to end its quarantine rules early next month. Bloomberg

453
00:25:40,280 --> 00:25:43,200
Speaker 1: day Break Asia anchor Brian Curtis has more from Hong Kong.

454
00:25:43,640 --> 00:25:46,960
Speaker 1: This marks the end of China's three years of COVID isolation.

455
00:25:47,280 --> 00:25:50,000
Speaker 1: People arriving in China will only need a negative COVID

456
00:25:50,080 --> 00:25:53,240
Speaker 1: test within forty eight hours of departure. Up until now,

457
00:25:53,440 --> 00:25:56,680
Speaker 1: arrivals had to quarantine for eight days. The government said

458
00:25:56,720 --> 00:25:59,800
Speaker 1: it would handle visa applications for foreigners for everything from

459
00:26:00,000 --> 00:26:03,880
Speaker 1: business and study to family reunions, and outbound tourism will

460
00:26:03,880 --> 00:26:06,800
Speaker 1: also resume quickly. This could be very good for Europe

461
00:26:06,840 --> 00:26:11,040
Speaker 1: and other destinations, travel and consumer good stocks jumped in

462
00:26:11,160 --> 00:26:13,880
Speaker 1: Hong Kong. Brian Curtis Bloombergy day break. Alright, thanks Brian.

463
00:26:13,920 --> 00:26:16,639
Speaker 1: Stocks and shot gained more than one percent overnight and

464
00:26:16,840 --> 00:26:19,320
Speaker 1: that is giving a left to US futures as we

465
00:26:19,480 --> 00:26:22,480
Speaker 1: close out the last trading week of the year. It's

466
00:26:22,520 --> 00:26:25,200
Speaker 1: been a dismal two for the balls, with the SMP

467
00:26:25,320 --> 00:26:29,040
Speaker 1: five hundred down more than the credit. Swiss U S

468
00:26:29,040 --> 00:26:32,760
Speaker 1: actuity strategist Jonathan Gallup sees a rebound for next year.

469
00:26:32,960 --> 00:26:35,600
Speaker 1: You do have oil lift off and then you actually

470
00:26:35,640 --> 00:26:38,760
Speaker 1: get some upside in the more commodity sensitive stuff like

471
00:26:39,119 --> 00:26:41,680
Speaker 1: the MP name and the service names. The sector is

472
00:26:41,720 --> 00:26:43,920
Speaker 1: going to be a really big surprise. It's absolutely topic.

473
00:26:44,359 --> 00:26:47,359
Speaker 1: Jonathan Gallo bit Credit Squeeze predicts the SMP five hundred

474
00:26:47,359 --> 00:26:51,399
Speaker 1: we're closed at forty fifty next year. Well, John, Another

475
00:26:51,520 --> 00:26:55,000
Speaker 1: major story we're following this morning, the bad weather continuing

476
00:26:55,040 --> 00:26:57,520
Speaker 1: to hamper air travel across the country. We get the

477
00:26:57,600 --> 00:27:00,600
Speaker 1: latest live at the Bloombery Steve Rappaports, Eve, good morning,

478
00:27:00,680 --> 00:27:03,159
Speaker 1: Good morning, Karen and John. It's a good thing Santa

479
00:27:03,200 --> 00:27:06,359
Speaker 1: doesn't fly southwest, otherwise he may never have left the

480
00:27:06,400 --> 00:27:10,520
Speaker 1: North Pole. The airline accounts for roughly sevent of cancelations

481
00:27:10,600 --> 00:27:14,040
Speaker 1: nationwide yesterday. Southwest stock is down in pre market trading.

482
00:27:14,280 --> 00:27:17,480
Speaker 1: Senior director Jim McVeigh explains the storm caused a ripple effect,

483
00:27:17,600 --> 00:27:20,040
Speaker 1: leaving the airline to play catch up. As the storm

484
00:27:20,119 --> 00:27:23,840
Speaker 1: continued to sweep across the country, the cancelations just compiled

485
00:27:23,960 --> 00:27:26,359
Speaker 1: one after another, and as a result, we end up

486
00:27:26,359 --> 00:27:28,399
Speaker 1: with flight cruise and airplanes that are out of place

487
00:27:28,480 --> 00:27:30,040
Speaker 1: and not in the cities that they need to be

488
00:27:30,200 --> 00:27:33,200
Speaker 1: in to continue to run our operations. McVeigh says Southwest

489
00:27:33,320 --> 00:27:36,000
Speaker 1: is doing everything it can to write the challenges it faces.

490
00:27:36,280 --> 00:27:39,520
Speaker 1: Live in New York. I'm Steve Rappaport Bloomberg Daybreak right, Steve,

491
00:27:39,600 --> 00:27:41,280
Speaker 1: thank you. That's the five things that you need to

492
00:27:41,359 --> 00:27:44,960
Speaker 1: notice start your day. Brought to you by Innovation Refunds. Again.

493
00:27:45,040 --> 00:27:47,560
Speaker 1: Futures are higher this morning, with S and P futures

494
00:27:47,640 --> 00:27:50,560
Speaker 1: up twenty six points and now futures have two four

495
00:27:50,920 --> 00:27:54,119
Speaker 1: and ASTAC futures up safety four. Straight ahead, your latest

496
00:27:54,160 --> 00:27:58,439
Speaker 1: local headlines, plus a check of sports. And this is Bloomberg.

497
00:28:03,440 --> 00:28:06,080
Speaker 1: Dam thanks one of Wall Street. Time to bring in

498
00:28:06,240 --> 00:28:08,400
Speaker 1: Michael Barr with more of them. What else is going

499
00:28:08,440 --> 00:28:11,400
Speaker 1: on in New York and around the world. John, thank

500
00:28:11,400 --> 00:28:13,960
Speaker 1: you very much, Sarah. President Biden has approved a state

501
00:28:14,000 --> 00:28:18,000
Speaker 1: of emergency as a winter nightmare continues in the Buffalo area.

502
00:28:18,240 --> 00:28:20,919
Speaker 1: New York Governor Kathy hocol as at least twenty eight

503
00:28:21,000 --> 00:28:24,760
Speaker 1: people have died. We still have scores and scores of

504
00:28:24,920 --> 00:28:28,439
Speaker 1: vehicles that were abandoned when people left during the storm.

505
00:28:28,800 --> 00:28:32,680
Speaker 1: Governor Hocole called it the blizzard of the century. Representative

506
00:28:32,840 --> 00:28:36,040
Speaker 1: like George Santos, admitted he lied about his job experience

507
00:28:36,119 --> 00:28:40,080
Speaker 1: and college education during his successful campaign for a House

508
00:28:40,120 --> 00:28:43,400
Speaker 1: seat the Long Island Republicans spoke with City and State

509
00:28:43,480 --> 00:28:47,120
Speaker 1: aired on ABC seven about questions on his campaign website

510
00:28:47,280 --> 00:28:50,800
Speaker 1: that he was Jewish. I alway joke I'm Catholic, but

511
00:28:50,880 --> 00:28:55,720
Speaker 1: I'm also jude Ish. Uh. And I've made that joke

512
00:28:55,800 --> 00:28:59,360
Speaker 1: because growing up, I grew up fully aware that my

513
00:28:59,480 --> 00:29:03,240
Speaker 1: grandparents were Jewish, came from from a Jewish family, and

514
00:29:03,400 --> 00:29:06,720
Speaker 1: they were refugees to Brazil, and that was always the

515
00:29:06,800 --> 00:29:08,480
Speaker 1: story I grew up with, and I've always doing it

516
00:29:08,640 --> 00:29:11,920
Speaker 1: very well. Santo says he plans to take office next month.

517
00:29:12,440 --> 00:29:15,280
Speaker 1: New York police officials say they've captured a suspect they

518
00:29:15,360 --> 00:29:18,760
Speaker 1: say is responsible for knife and to death the pediatrician

519
00:29:19,160 --> 00:29:21,600
Speaker 1: in a Manhattan park and another man who had just

520
00:29:21,840 --> 00:29:25,320
Speaker 1: left a bar in the East Village. The Biden administration

521
00:29:25,440 --> 00:29:28,320
Speaker 1: is calling out the governor of Texas. A busload of

522
00:29:28,360 --> 00:29:31,760
Speaker 1: migrants arrived in Washington, d C. On Christmas even, sixteen

523
00:29:31,840 --> 00:29:35,240
Speaker 1: degree whether without warning, at the official residents of Vice

524
00:29:35,320 --> 00:29:39,000
Speaker 1: President Harris. Ukraine's foreign minister is calling for a peace

525
00:29:39,000 --> 00:29:42,680
Speaker 1: summit with the U n Secretary General as mediator. We

526
00:29:42,840 --> 00:29:45,640
Speaker 1: think that the best the United Nations could be the

527
00:29:45,680 --> 00:29:49,640
Speaker 1: best venue for holding this uh this summit, because this

528
00:29:49,840 --> 00:29:52,560
Speaker 1: is not about making a favor to a certain country.

529
00:29:52,720 --> 00:29:56,040
Speaker 1: This is really about bringing everyone on board. Foreign Minister

530
00:29:56,160 --> 00:29:58,760
Speaker 1: to meet tro Kulai, but told the Associated Press Russia

531
00:29:58,840 --> 00:30:01,680
Speaker 1: must face a war. Rhymes tribe unital globally use twenty

532
00:30:01,720 --> 00:30:03,560
Speaker 1: four hours a day on the air end on Bloomberg

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Speaker 1: Quick Take, powered by more than twenty seven under journalist

534
00:30:06,240 --> 00:30:08,640
Speaker 1: and analysts in more than a hundred twenty countries. I'm

535
00:30:08,640 --> 00:30:15,400
Speaker 1: Michael bar This is Bloomberg, John Michael. Thank you guess

536
00:30:15,480 --> 00:30:18,440
Speaker 1: now six thirty four on Wall Streets and time for

537
00:30:18,840 --> 00:30:22,160
Speaker 1: the Bloomberg Sports Report, Brought to you by here try

538
00:30:22,280 --> 00:30:25,080
Speaker 1: state ibbe dealer. Good morning, John stash Ower, All right John.

539
00:30:25,120 --> 00:30:27,520
Speaker 1: Earlier the season, the nets were a mess. Started one

540
00:30:27,560 --> 00:30:30,200
Speaker 1: in five, nine and eleven, they fired the coach. There

541
00:30:30,280 --> 00:30:32,480
Speaker 1: was the whole Kyrie You're being saga, but the nets

542
00:30:32,880 --> 00:30:36,400
Speaker 1: just one at Cleveland on seventeen, with both Kyrie and

543
00:30:36,520 --> 00:30:39,080
Speaker 1: Kevin Rant scoring thirty two points. They combined to make

544
00:30:39,400 --> 00:30:41,800
Speaker 1: twelve of nineteen three pointers and the nets of one

545
00:30:41,960 --> 00:30:45,640
Speaker 1: nine in a row thirteen and fourteen. Their coaches Jacque Vaud.

546
00:30:45,680 --> 00:30:48,440
Speaker 1: When we came back as a group, we kind of

547
00:30:49,000 --> 00:30:50,480
Speaker 1: classed to each other that it was going to be

548
00:30:50,560 --> 00:30:55,400
Speaker 1: about basketball and um, hopefully not let anything interfere any

549
00:30:55,440 --> 00:30:58,720
Speaker 1: outside noise, uh interfere with that. And our guys have

550
00:30:58,840 --> 00:31:02,680
Speaker 1: done an unbelievable job of protecting each other and making

551
00:31:02,720 --> 00:31:05,800
Speaker 1: this thing about basketball. It's play tomorrow in Atlanta, Nixer

552
00:31:05,880 --> 00:31:08,440
Speaker 1: in Dallas Tonight, My Night Football. Chargers made the Colts

553
00:31:08,520 --> 00:31:11,960
Speaker 1: twenty three l a is in the playoffs, one wild

554
00:31:12,040 --> 00:31:14,320
Speaker 1: card spot left in the a f C, with slumping

555
00:31:14,400 --> 00:31:17,479
Speaker 1: Miami leading the Jets page Shoots and Steelers by one

556
00:31:17,520 --> 00:31:20,280
Speaker 1: game of Dolphins visit the Pats Sunday, and Miami QB

557
00:31:20,400 --> 00:31:24,240
Speaker 1: to a town of Belowa, backing concussion protocol. Jet Sunday

558
00:31:24,280 --> 00:31:26,720
Speaker 1: visit Seattle. Mike White returns to starting QB with his

559
00:31:26,840 --> 00:31:30,400
Speaker 1: injured ribs having heal. John Dash Howard Bloomberg Sports, John

560
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Speaker 1: Futures in the Green, the Dolph futures of two SMP futures,

567
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Speaker 1: the Dastak futures fifty eight points higher. You're listening to

568
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Speaker 1: Bloomberg day Break, a six on Wall Street. Bloomberg Radio

569
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Speaker 1: is on the air from San Francisco to New York,

570
00:32:07,200 --> 00:32:09,880
Speaker 1: London to Hong Kong. And let's check in now with

571
00:32:10,000 --> 00:32:12,000
Speaker 1: our global news team for some of the top stories

572
00:32:12,080 --> 00:32:16,240
Speaker 1: heard on our three hundred affiliate radio stations around the world.

573
00:32:19,360 --> 00:32:22,920
Speaker 1: I'm Steve Polas on ktr H in Houston. We're talking

574
00:32:22,960 --> 00:32:26,640
Speaker 1: about a bounce back in restaurant staffing. I'm Jeff Bullinger

575
00:32:26,880 --> 00:32:29,840
Speaker 1: and on w l W in Cincinnati, I'll be talking

576
00:32:29,920 --> 00:32:33,680
Speaker 1: about the National Retail Federation report that says nearly one

577
00:32:33,760 --> 00:32:37,400
Speaker 1: out of five holiday gifts will be returned by the recipients.

578
00:32:37,800 --> 00:32:40,160
Speaker 1: And Kimberly Adams and on w BV in Boston, I'll

579
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580
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Speaker 1: cannabis shop. I'm Genus Servetti and for w T A M.

581
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Speaker 1: In Cleveland, I'm reporting that Toyota says its global output

582
00:32:50,480 --> 00:32:54,640
Speaker 1: hit a record four November. And those are some of

583
00:32:54,720 --> 00:32:57,880
Speaker 1: the stories are Bloomberg journalists and analysts are working on

584
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Speaker 1: this morning around the world, and tell him now for

585
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Speaker 1: the Bloomberg Small Business Report, Let's get that from Bloomberg's

586
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Speaker 1: Lisa ma Tale. Are you looking to improve your email

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Speaker 1: marketing but not sure where to start? Business Insider turned

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595
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601
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602
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Speaker 1: a year goes a long way. And that's the Bloomberg

603
00:34:03,040 --> 00:34:06,160
Speaker 1: Small Business Report. All right, thanks Lisa. Don't love what

604
00:34:06,320 --> 00:34:09,360
Speaker 1: you go for Christmas? Well you're not alone, Bloomberg's Erika

605
00:34:09,440 --> 00:34:12,560
Speaker 1: Hirschowitz reports. Were you one of those people who had

606
00:34:12,640 --> 00:34:15,279
Speaker 1: to fake loving what Sannah left you under the tree? Well,

607
00:34:15,320 --> 00:34:18,400
Speaker 1: don't feel so bad. A new report is predicting consumers

608
00:34:18,480 --> 00:34:21,480
Speaker 1: will return more than one point four billion dollars in

609
00:34:21,600 --> 00:34:25,319
Speaker 1: holiday orders this season. The study by software company Salesforce

610
00:34:25,360 --> 00:34:29,319
Speaker 1: says that's a fifty seven percent increase from one US

611
00:34:29,400 --> 00:34:32,600
Speaker 1: online sales were also up five percent to two billion.

612
00:34:32,880 --> 00:34:35,200
Speaker 1: The report noted that part of the uptick could be

613
00:34:35,280 --> 00:34:38,520
Speaker 1: from shoppers who purchased gifts earlier this year and repurchased

614
00:34:38,560 --> 00:34:42,160
Speaker 1: them later for a better discount. Erica Hirschowit's Bloomberg Radio.

615
00:34:42,360 --> 00:34:44,960
Speaker 1: All right, thanks Erica. And just ahead, we'll take a

616
00:34:45,000 --> 00:34:48,320
Speaker 1: look at the top stories in the nation's capital. And

617
00:34:48,440 --> 00:34:51,440
Speaker 1: we're gonna be joined by Terry Haynes of Panji of

618
00:34:51,520 --> 00:34:57,359
Speaker 1: Policy SMP Futures right now, higher you're listening to Bloomberg Tape,

619
00:34:57,400 --> 00:35:05,320
Speaker 1: break Markets, headlines and breaking news twenty four hours a

620
00:35:05,400 --> 00:35:08,360
Speaker 1: day at Bloomberg dot Com, the Bloomberg Business at and

621
00:35:08,560 --> 00:35:18,080
Speaker 1: at Bloomberg Quicktape. This is a Bloombern Business Lash and

622
00:35:18,160 --> 00:35:21,520
Speaker 1: I'm Karen Moscow. Futures on the rise this morning. Let's

623
00:35:21,560 --> 00:35:23,720
Speaker 1: go to the first word breaking news dance for today's

624
00:35:23,760 --> 00:35:28,880
Speaker 1: morning call, and here's Tatiana Darya, Tatiana, good morning, Good morning, Karen.

625
00:35:28,960 --> 00:35:31,200
Speaker 1: Like you said, it's green on the screen. After the

626
00:35:31,320 --> 00:35:35,440
Speaker 1: long Christmas weekend, the futures hired by two hundreds, and

627
00:35:35,560 --> 00:35:39,080
Speaker 1: Piece up twenty five and NAZAC up fifty six. They

628
00:35:39,160 --> 00:35:41,759
Speaker 1: just ten year yield higher by three basis points to

629
00:35:41,920 --> 00:35:44,680
Speaker 1: three spots seventy seven. This morning. Oil is up one

630
00:35:44,760 --> 00:35:47,879
Speaker 1: of while the dollar is weaker by two tents. Else Where,

631
00:35:47,960 --> 00:35:50,920
Speaker 1: European stocks are higher at this hour, while Asian stocks

632
00:35:51,000 --> 00:35:53,400
Speaker 1: were mixed overnight and back in the US on the

633
00:35:53,480 --> 00:35:57,080
Speaker 1: economic front, wholesale inventories at eight thirty and the house

634
00:35:57,160 --> 00:36:01,040
Speaker 1: price index at nine in early trading, US listed Chinese

635
00:36:01,040 --> 00:36:04,880
Speaker 1: stocks are moving higher after China's decision to reopen its borders.

636
00:36:05,200 --> 00:36:08,200
Speaker 1: Ali Baba, j D dot Com up more than two percent,

637
00:36:08,320 --> 00:36:12,320
Speaker 1: among others. One Chinese company moving lower, though, is electric

638
00:36:12,360 --> 00:36:15,880
Speaker 1: car maker Neo, down three percent after cutting its delivery

639
00:36:15,920 --> 00:36:20,040
Speaker 1: outlook and warning of sales challenges. That's weighing on Tesla

640
00:36:20,160 --> 00:36:23,719
Speaker 1: to down nearly four percent here this morning after a

641
00:36:23,760 --> 00:36:27,320
Speaker 1: separate report the company will run a reduced production schedule

642
00:36:27,440 --> 00:36:31,080
Speaker 1: at its plant in Shannahai and wrapping things up SOUTHASTERI

643
00:36:31,200 --> 00:36:34,360
Speaker 1: lies down four amid more flight cancelations due to the

644
00:36:34,440 --> 00:36:37,279
Speaker 1: winter storm. Lie from the First and Breaking news desk.

645
00:36:37,440 --> 00:36:40,719
Speaker 1: I'm Tatiana, Daria Karen, Right, Tatiana, thank you and to

646
00:36:40,800 --> 00:36:43,200
Speaker 1: hear live breaking news of your Bloomberg type squawk on

647
00:36:43,280 --> 00:36:47,080
Speaker 1: your terminal SUU A wuk and that's a Bloomberg business lash.

648
00:36:47,160 --> 00:36:49,160
Speaker 1: Now here's Michael Barr with more on what's going on

649
00:36:49,239 --> 00:36:51,520
Speaker 1: around the world. Michael Karen, thank you very much. The

650
00:36:51,600 --> 00:36:54,400
Speaker 1: death toll from a pre Christmas blizzard that paralyzed the

651
00:36:54,440 --> 00:36:57,040
Speaker 1: Buffalo area and much of the country has risen to

652
00:36:57,120 --> 00:37:00,480
Speaker 1: twenty eight In Western New York, the dead been found

653
00:37:00,520 --> 00:37:04,080
Speaker 1: in their cars, homes, and in snowbanks. Meanwhile, President Biden

654
00:37:04,120 --> 00:37:07,720
Speaker 1: approved an emergency declaration for Western New York. The Biden

655
00:37:07,760 --> 00:37:13,120
Speaker 1: administration criticized Beijing's military drills near Taiwan this week as provocative.

656
00:37:13,520 --> 00:37:16,319
Speaker 1: It insists it will continue helping the government in tai

657
00:37:16,400 --> 00:37:19,759
Speaker 1: Pay defend itself. Monday Night football, the Chargers beat the

658
00:37:19,840 --> 00:37:24,080
Speaker 1: Colts twenty three in the NBA. The NETS one Global

659
00:37:24,160 --> 00:37:26,480
Speaker 1: News twenty four hours a day on air and on

660
00:37:26,560 --> 00:37:30,400
Speaker 1: Bloomberg Quicktake, powered by more than twenty seven undred journalists

661
00:37:30,400 --> 00:37:33,480
Speaker 1: analysts in more than twenty countries. I'm Michael bar, This

662
00:37:33,680 --> 00:37:36,239
Speaker 1: is Bloomberg, Karen Frry, Michael bar Thank you at at

663
00:37:36,239 --> 00:37:38,359
Speaker 1: sixty two on Wall Street, and we turned to news

664
00:37:38,400 --> 00:37:41,000
Speaker 1: in science and technology now with the Bloomberg and j

665
00:37:41,200 --> 00:37:45,680
Speaker 1: I t Stem Report. And here's just making news in science, technology, engineering,

666
00:37:45,800 --> 00:37:48,719
Speaker 1: and math. China is reopening its borders to the world

667
00:37:48,800 --> 00:37:52,560
Speaker 1: by removing the final COVID zero restrictions. Starting January eighth,

668
00:37:52,680 --> 00:37:56,279
Speaker 1: Beijing will no longer require inbound travelers to quarantine, they'll

669
00:37:56,280 --> 00:37:59,160
Speaker 1: only have to obtain a negative COVID test within forty

670
00:37:59,239 --> 00:38:02,279
Speaker 1: eight hours. Meanwhile, the Chinese government may also reduce the

671
00:38:02,440 --> 00:38:06,719
Speaker 1: frequency of reporting cases, ultimately changing to a monthly report.

672
00:38:07,200 --> 00:38:10,680
Speaker 1: Acquisition talks between crypto lenders Next So and Volved have

673
00:38:11,000 --> 00:38:14,120
Speaker 1: not yet resulted in an agreement. As Vault shares down,

674
00:38:14,320 --> 00:38:17,840
Speaker 1: or rather as VULT stares down to January twenty deadline

675
00:38:17,880 --> 00:38:21,120
Speaker 1: to present a restructuring plan to creditors, Fault and Next

676
00:38:21,200 --> 00:38:24,040
Speaker 1: So and Her talks about a deal in July after

677
00:38:24,120 --> 00:38:28,240
Speaker 1: Singapore based Fault froze withdrawals and hired advisers to explore

678
00:38:28,280 --> 00:38:32,120
Speaker 1: a potential restructuring. Crypto lending has been devastated this year

679
00:38:32,160 --> 00:38:35,160
Speaker 1: amid the collapse of entities like Hedge Fund, Three Arrows

680
00:38:35,239 --> 00:38:39,680
Speaker 1: Capital and the f t X Alameda Empire and Apple

681
00:38:39,840 --> 00:38:42,920
Speaker 1: maybe getting a tax bill overseas. The NK is reporting

682
00:38:42,960 --> 00:38:45,840
Speaker 1: Apple faces about ninety eight million dollars in back taxes

683
00:38:46,040 --> 00:38:49,040
Speaker 1: in Japan, a bill that appears to be tied to

684
00:38:49,160 --> 00:38:52,400
Speaker 1: bulk sales of duty free devices to foreign tourists. The

685
00:38:52,480 --> 00:38:56,040
Speaker 1: reports has Apple halted tax free shopping in June is

686
00:38:56,080 --> 00:38:59,120
Speaker 1: believed to have filed an amended tax return. And that's

687
00:38:59,160 --> 00:39:02,640
Speaker 1: the Bloomberg and a I D STEM Report. John Charen,

688
00:39:02,719 --> 00:39:05,040
Speaker 1: thank you very much. It is now six forty four,

689
00:39:05,360 --> 00:39:07,600
Speaker 1: Well Street, time to check what's going on in d C.

690
00:39:08,000 --> 00:39:10,760
Speaker 1: Some of the top stories in our nation's capital include

691
00:39:11,360 --> 00:39:13,120
Speaker 1: Michael Barne told you about a couple of these, New

692
00:39:13,200 --> 00:39:16,920
Speaker 1: York Congressman elect admitting to lying about his professional background

693
00:39:17,160 --> 00:39:22,640
Speaker 1: and education history, the US criticizing China military drills near Taiwan,

694
00:39:23,280 --> 00:39:27,120
Speaker 1: calling it provocative. Kerry Lake spid to overturn Arizona election

695
00:39:27,239 --> 00:39:30,680
Speaker 1: results rejected by a judge. And let's take a deeper

696
00:39:30,719 --> 00:39:33,160
Speaker 1: dive into some of these stories and more with our

697
00:39:33,239 --> 00:39:37,680
Speaker 1: next guest, Terry Haines of Pangaea Policy. I'm gonna call

698
00:39:37,760 --> 00:39:40,560
Speaker 1: him the Pride of Pittsburgh. Terry, good morning to you.

699
00:39:40,880 --> 00:39:43,440
Speaker 1: I hope you hope you had a great holiday. Um

700
00:39:44,120 --> 00:39:47,960
Speaker 1: let's start off with I think somebody called it problems

701
00:39:47,960 --> 00:39:54,080
Speaker 1: about candidate quality. Is this New York Congressman elect one

702
00:39:54,120 --> 00:39:58,000
Speaker 1: of those problems candidates for the Republican Party? This is

703
00:39:58,080 --> 00:40:01,640
Speaker 1: a George George Santos, by the way, Yes, yes, good morning,

704
00:40:01,680 --> 00:40:04,440
Speaker 1: good morning John, and yes I will take the private porch.

705
00:40:04,640 --> 00:40:08,640
Speaker 1: Uh title, thank you very much for that. Uh, my

706
00:40:08,760 --> 00:40:12,560
Speaker 1: parents will be most proud. Anyway, The yes, Santos isn't

707
00:40:12,560 --> 00:40:15,040
Speaker 1: a bit of trouble. I think. At the same time,

708
00:40:15,600 --> 00:40:19,400
Speaker 1: the bar for the bar for something like an expulsion

709
00:40:20,040 --> 00:40:24,680
Speaker 1: is very, very high. Uh. There have been twenty expulsions

710
00:40:24,800 --> 00:40:27,360
Speaker 1: from the House of Representatives in the history of the Congress,

711
00:40:27,840 --> 00:40:32,160
Speaker 1: and seventeen of those or as a result of supporting

712
00:40:32,239 --> 00:40:37,120
Speaker 1: the treason and conspiracy, uh, as a result of supporting

713
00:40:37,160 --> 00:40:40,560
Speaker 1: the Confederacy. We haven't had an expulsion in the House

714
00:40:40,640 --> 00:40:45,520
Speaker 1: since when Jim traffic Had of Ohio got expelled for

715
00:40:45,760 --> 00:40:50,279
Speaker 1: being convicted of a bunch of things. So the bar

716
00:40:50,480 --> 00:40:53,000
Speaker 1: is pretty high on expulsion the answer the question of

717
00:40:53,080 --> 00:40:56,080
Speaker 1: New York voters. But but at the same time, he

718
00:40:56,200 --> 00:40:59,160
Speaker 1: may end up getting censured or or face some other

719
00:40:59,239 --> 00:41:03,239
Speaker 1: kind of discipline. Uh. But yeah, I mean the sort

720
00:41:03,280 --> 00:41:06,560
Speaker 1: of resume padding goes on, you know, both inside and

721
00:41:06,600 --> 00:41:09,920
Speaker 1: outside the Congress these days. And uh, you know, so

722
00:41:10,040 --> 00:41:12,719
Speaker 1: he's gonna he's gonna face a bunch of questions. We're

723
00:41:12,760 --> 00:41:15,719
Speaker 1: senior members of the party aware of this, and I

724
00:41:15,760 --> 00:41:19,560
Speaker 1: don't know where I doubt I doubt that very much. Uh.

725
00:41:19,800 --> 00:41:22,480
Speaker 1: You know it is not. You know. The thing is

726
00:41:23,680 --> 00:41:27,480
Speaker 1: about this is that you know, first of all, you're

727
00:41:27,480 --> 00:41:31,560
Speaker 1: a candidate. You know there you're not you know, they

728
00:41:31,760 --> 00:41:35,400
Speaker 1: figure you're not. Uh, you're not going to be vetted.

729
00:41:36,000 --> 00:41:39,919
Speaker 1: Particularly they figured the voters vetue and uh. And after

730
00:41:40,440 --> 00:41:44,279
Speaker 1: after you're elected, you become subject to the discipline of

731
00:41:44,320 --> 00:41:47,880
Speaker 1: the House when you become a member, and really not before.

732
00:41:48,480 --> 00:41:51,359
Speaker 1: So you know, Mr Santos saying I'm sorry is uh

733
00:41:52,080 --> 00:41:55,000
Speaker 1: is an interesting way to right before he becomes a member.

734
00:41:55,200 --> 00:41:57,279
Speaker 1: It's an interesting way to deal with this. But he'll

735
00:41:57,320 --> 00:41:59,960
Speaker 1: be under a cloud for the entire for the entire time.

736
00:42:00,000 --> 00:42:03,440
Speaker 1: I'm and I suspect, you know, I suspect that the

737
00:42:03,480 --> 00:42:07,080
Speaker 1: New York Republicans won't won't want him around after this

738
00:42:07,239 --> 00:42:12,320
Speaker 1: particular term, and you know, Frankly will support another candidate,

739
00:42:12,600 --> 00:42:15,040
Speaker 1: and uh, you know, he'll be a virtual prior in

740
00:42:15,120 --> 00:42:19,080
Speaker 1: the House. I think. So his tenure is a as

741
00:42:19,080 --> 00:42:21,399
Speaker 1: an elected official is going to be pretty short. Terry,

742
00:42:21,400 --> 00:42:23,400
Speaker 1: I didn't headline this one, but I wented awagh in

743
00:42:23,520 --> 00:42:26,080
Speaker 1: on you know who says there's no by bi partisanship

744
00:42:26,160 --> 00:42:28,600
Speaker 1: in Congress. We we actually got a spending bill. I'm

745
00:42:28,600 --> 00:42:34,839
Speaker 1: gonna h spending bill passed over the holiday before. Yeah,

746
00:42:35,280 --> 00:42:39,160
Speaker 1: you know, we did. And you know, and my view

747
00:42:39,239 --> 00:42:41,200
Speaker 1: of this, John is that and you and I have

748
00:42:41,239 --> 00:42:44,399
Speaker 1: talked about this before, is that generally is that there's

749
00:42:44,440 --> 00:42:47,800
Speaker 1: not too two political parties in Congress. There's four factions

750
00:42:48,440 --> 00:42:52,400
Speaker 1: going from left to right. You have Progressive Democrats, Centrist Democrats,

751
00:42:52,440 --> 00:42:56,799
Speaker 1: Centrist Republicans, and conservative Republicans. Uh. You know, you get

752
00:42:57,000 --> 00:42:59,440
Speaker 1: any two of those four aligned, and then you know

753
00:42:59,560 --> 00:43:01,560
Speaker 1: things are to get to get serious one way or

754
00:43:01,600 --> 00:43:05,320
Speaker 1: the other. The Centrists are always in an alignment on

755
00:43:06,640 --> 00:43:08,880
Speaker 1: on spending, so you know, you're going to get a

756
00:43:08,920 --> 00:43:11,400
Speaker 1: bipartisan deal on spending, as we have each of the

757
00:43:11,480 --> 00:43:14,839
Speaker 1: last ten or eleven years. And you know, I think

758
00:43:14,880 --> 00:43:19,600
Speaker 1: we continue to get that frankly, and you know, by

759
00:43:19,680 --> 00:43:21,880
Speaker 1: and large were what we're going to get into Congress

760
00:43:22,000 --> 00:43:24,080
Speaker 1: is we're going to get gridlock on all kinds of

761
00:43:24,160 --> 00:43:28,640
Speaker 1: domestic issues, so they be social or otherwise. We're gonna

762
00:43:28,680 --> 00:43:35,160
Speaker 1: get continued centrist bipartisanship on spending, and we're going to

763
00:43:35,239 --> 00:43:39,440
Speaker 1: get continued almost unanimity and foreign policy. So you know,

764
00:43:39,600 --> 00:43:42,600
Speaker 1: the spending bill in some ways is a precursor and

765
00:43:42,800 --> 00:43:46,320
Speaker 1: a precursor to exactly what's likely to happen in the

766
00:43:46,360 --> 00:43:50,759
Speaker 1: next Congress. Innict UH spending and foreign policy. At the intersection,

767
00:43:50,800 --> 00:43:54,720
Speaker 1: we have Ukraine, A Republicans getting weary of spending money

768
00:43:54,960 --> 00:43:58,839
Speaker 1: on Ukraine just about thirty seconds. Yeah, I don't think.

769
00:43:59,040 --> 00:44:01,520
Speaker 1: I don't think it's weary this so much. They're interested

770
00:44:01,600 --> 00:44:03,960
Speaker 1: more in accountability. If you listen to a lot of them,

771
00:44:04,239 --> 00:44:06,239
Speaker 1: what they'll say is we're interested in making sure that

772
00:44:06,920 --> 00:44:09,440
Speaker 1: the money is being spent well and fair enough. They should,

773
00:44:09,640 --> 00:44:13,360
Speaker 1: that's part of their functions as the Congress. But I

774
00:44:13,440 --> 00:44:16,120
Speaker 1: continue to think they're going to support the Ukraine war

775
00:44:16,239 --> 00:44:18,839
Speaker 1: and you're not going to see any backtracking from that. Terry.

776
00:44:18,880 --> 00:44:21,560
Speaker 1: Always a pleasure appreciated, and I have a great new

777
00:44:21,640 --> 00:44:23,839
Speaker 1: year if I if I don't talk to you, Terry

778
00:44:23,920 --> 00:44:26,440
Speaker 1: Haynes of Panji A Policy and you can read more

779
00:44:26,440 --> 00:44:28,920
Speaker 1: about these stories on Bloomberg dot com or on the

780
00:44:29,080 --> 00:44:31,440
Speaker 1: Bloomberg term will also reminder you can follow all the

781
00:44:31,560 --> 00:44:35,759
Speaker 1: latest Bloomberg Radio in Washington Bloomberg one at one to

782
00:44:35,880 --> 00:44:40,160
Speaker 1: five point seven FM HD two ahead of the cash

783
00:44:40,360 --> 00:44:43,040
Speaker 1: open on Wall Street for this last trading day of

784
00:44:43,080 --> 00:44:45,719
Speaker 1: the week this Tuesday morning, dew features right now up

785
00:44:45,719 --> 00:44:48,600
Speaker 1: two one points. That's up seven tenths of a percent.

786
00:44:49,200 --> 00:44:52,759
Speaker 1: SMP him many futures of twenty six points, and that

787
00:44:52,880 --> 00:44:55,920
Speaker 1: as that futures right now up sixty one points. You

788
00:44:56,080 --> 00:45:04,080
Speaker 1: are listening the Bloomberg Dame right markets headlines and breaking

789
00:45:04,160 --> 00:45:07,000
Speaker 1: news twenty four hours a day at Bloomberg dot com

790
00:45:07,160 --> 00:45:10,680
Speaker 1: and Bloomberg Business at and at Bloomberg Quicktake. This is

791
00:45:10,719 --> 00:45:19,920
Speaker 1: a Bloomberg Business Flash and I'm paren Moscow futures are

792
00:45:20,000 --> 00:45:22,000
Speaker 1: on the rise this morning, and we checked the markets

793
00:45:22,000 --> 00:45:25,000
Speaker 1: all day long here on Bloomberg. SMP futures up seven

794
00:45:25,040 --> 00:45:28,279
Speaker 1: tens of percents, so are DAL futures. Nastack futures up

795
00:45:28,320 --> 00:45:31,680
Speaker 1: six tents of uppercent. SNP futures again up twenty six point,

796
00:45:31,719 --> 00:45:34,239
Speaker 1: Staff futures up two hundred twenty three, and Nastack future

797
00:45:34,320 --> 00:45:36,759
Speaker 1: is up sixty three. The decks in Germany's up eight

798
00:45:36,800 --> 00:45:39,920
Speaker 1: tens of percent. Ten year treasury down eight thirty seconds.

799
00:45:40,000 --> 00:45:42,279
Speaker 1: You have three point seven seven percent they yield on

800
00:45:42,360 --> 00:45:45,480
Speaker 1: the two year four point three four percent. NIMEX scrude

801
00:45:45,480 --> 00:45:47,719
Speaker 1: oil is up nine ten percent, or seventy two cents

802
00:45:47,760 --> 00:45:50,200
Speaker 1: and eighty dollars twenty eight cents of Barrel Co makes

803
00:45:50,239 --> 00:45:52,879
Speaker 1: gold up seven tenths percent, or thirteen dollars thirty cents

804
00:45:52,920 --> 00:45:56,440
Speaker 1: at eighteen seventeen sixty announced, the Euro one point six

805
00:45:56,560 --> 00:45:58,759
Speaker 1: five four against the dollar, the n one thirty three

806
00:45:58,800 --> 00:46:02,359
Speaker 1: point to six, and bitcoin little changed at about six

807
00:46:02,960 --> 00:46:06,680
Speaker 1: eight hundred dollars. And that's a Bloomberg business flash, John Karen,

808
00:46:06,719 --> 00:46:09,680
Speaker 1: thanks very much, appreciated. Six fifties six on Wall Street.

809
00:46:09,760 --> 00:46:11,200
Speaker 1: Time to take a look at some of the stocks,

810
00:46:11,840 --> 00:46:13,600
Speaker 1: some of the names that are moving in the pre market,

811
00:46:13,640 --> 00:46:15,560
Speaker 1: and for that we're joined by Bloomberg. Rady on TV

812
00:46:15,680 --> 00:46:19,799
Speaker 1: Markets corresponded pretty Groupta. I know you heard our fantastic

813
00:46:19,960 --> 00:46:24,120
Speaker 1: interview earlier this morning with the Bloomberg's Allen wanted Shanghai.

814
00:46:24,880 --> 00:46:29,080
Speaker 1: He seems to think from his perspective, those restrictions in China,

815
00:46:29,160 --> 00:46:31,520
Speaker 1: the COVID restrictions are pretty much over. They're not coming

816
00:46:31,600 --> 00:46:34,840
Speaker 1: back no matter what. That I imagine, well, it is

817
00:46:34,880 --> 00:46:37,160
Speaker 1: having an impact on stocks this morning. He hasn't say

818
00:46:37,280 --> 00:46:40,480
Speaker 1: the sentiment that's really I think driving the action that

819
00:46:40,520 --> 00:46:42,360
Speaker 1: you're seeing the equity markets around the world. But we

820
00:46:42,440 --> 00:46:44,959
Speaker 1: love to look at our poster child for China for China,

821
00:46:45,040 --> 00:46:47,920
Speaker 1: stories like Ali Baba for example, be A b A

822
00:46:48,760 --> 00:46:51,360
Speaker 1: as a taker about two point three percent in the

823
00:46:51,440 --> 00:46:53,839
Speaker 1: pre market. Remember this comes after to your point, they

824
00:46:53,840 --> 00:46:55,879
Speaker 1: are going to reopen the borders, but the idea hears

825
00:46:55,920 --> 00:46:59,040
Speaker 1: that they're not going backwards. Remember reopenings are messy historically,

826
00:46:59,320 --> 00:47:02,359
Speaker 1: and China has kind of taken one step forward three

827
00:47:02,400 --> 00:47:04,200
Speaker 1: steps back. That's at least have been their approach. But

828
00:47:04,320 --> 00:47:07,719
Speaker 1: this to completely scrap their entire quarantine restrictions for all

829
00:47:07,800 --> 00:47:10,960
Speaker 1: foreigners starting January eight, and not to a timeline, by

830
00:47:11,000 --> 00:47:13,680
Speaker 1: the way, that's kind of coming to fruition. Tom Orleck

831
00:47:13,680 --> 00:47:17,319
Speaker 1: of Bloomer Economics has a China expert, if you will

832
00:47:17,400 --> 00:47:19,600
Speaker 1: our local China expert. He says that he expects that

833
00:47:19,680 --> 00:47:21,920
Speaker 1: full reopening by the end of March. So um, the

834
00:47:22,040 --> 00:47:24,640
Speaker 1: timeline here is really interesting. What is what is al

835
00:47:24,719 --> 00:47:27,160
Speaker 1: Obama like the poster child? Though? Why is this the

836
00:47:27,239 --> 00:47:30,319
Speaker 1: bell weather for China? Well, it's kind of a one.

837
00:47:30,440 --> 00:47:32,800
Speaker 1: It's obviously listed here, so US listed a d R

838
00:47:32,920 --> 00:47:35,000
Speaker 1: is also a massive e commerce company, so you kind

839
00:47:35,000 --> 00:47:36,759
Speaker 1: of get a little bit of a gauge when it

840
00:47:36,840 --> 00:47:40,160
Speaker 1: comes to Chinese spending patterns specifically. Also, it actively competes

841
00:47:40,200 --> 00:47:42,960
Speaker 1: with likes of Amazon, so we like to look at

842
00:47:43,040 --> 00:47:44,640
Speaker 1: it as our as our poster child. But you can

843
00:47:44,640 --> 00:47:46,000
Speaker 1: see it in some of the other stocks as well.

844
00:47:46,040 --> 00:47:48,759
Speaker 1: Pindo a Deal for example, p d D another e

845
00:47:48,840 --> 00:47:51,600
Speaker 1: commerce company up about two and a half percent in

846
00:47:51,680 --> 00:47:53,640
Speaker 1: the pre market, j d dot Com if you will,

847
00:47:53,719 --> 00:47:56,600
Speaker 1: as well, Um and even Billy Billy b I l

848
00:47:56,719 --> 00:47:59,560
Speaker 1: i uh, those shares are all up about just tune

849
00:47:59,560 --> 00:48:02,520
Speaker 1: about three percent. I can say there's nothing worse in

850
00:48:02,600 --> 00:48:05,040
Speaker 1: the well, there's there are a lot of things worse.

851
00:48:05,120 --> 00:48:07,560
Speaker 1: But one thing that really stinks is when you're in

852
00:48:07,600 --> 00:48:10,120
Speaker 1: an airport and your flight gets canceled and there's no

853
00:48:10,280 --> 00:48:13,279
Speaker 1: alternative and you're trying to call customer service and it

854
00:48:13,400 --> 00:48:16,440
Speaker 1: just like hangs up on you. Yeah, it's funny. A

855
00:48:16,520 --> 00:48:19,680
Speaker 1: lot of that happening with Southwest at the moment, specifically

856
00:48:19,719 --> 00:48:22,400
Speaker 1: because they're about eight percent of their flights were grounded

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00:48:22,520 --> 00:48:24,879
Speaker 1: or canceled. So you really saw a lot of pain there,

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00:48:24,920 --> 00:48:26,800
Speaker 1: and that was one of the kind of issues that

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00:48:26,880 --> 00:48:29,799
Speaker 1: now the Department of Transportation is actively looking into, saying

860
00:48:29,840 --> 00:48:34,560
Speaker 1: that well, the travel chaoses are usually pretty normal, like this, Christmas, Thanksgiving, Easter, etcetera.

861
00:48:34,640 --> 00:48:36,799
Speaker 1: You see these kind of moves, but this is taking

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00:48:36,800 --> 00:48:39,000
Speaker 1: it to another level. So Luv your taker there for

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00:48:39,080 --> 00:48:42,799
Speaker 1: Southwest shots down get this four percent quite a little

864
00:48:42,800 --> 00:48:44,000
Speaker 1: bit of pain. But you want to keep an eye

865
00:48:44,040 --> 00:48:46,600
Speaker 1: on some those other airlines American Delta as well. Right

866
00:48:46,640 --> 00:48:48,719
Speaker 1: now they're not doing a whole lot and really a

867
00:48:48,760 --> 00:48:51,279
Speaker 1: lot of pain in Southwest Airlines. I was talking to

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00:48:51,400 --> 00:48:55,920
Speaker 1: Dan Ives earlier and he thinks, um Tesla his hit bottom,

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00:48:57,160 --> 00:49:00,520
Speaker 1: Like I just want to under it's one of the

870
00:49:00,600 --> 00:49:03,560
Speaker 1: most active in the pre market testlas years and they're

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00:49:03,600 --> 00:49:08,160
Speaker 1: down pretty always a pleasure, appreciate it. Bloomberg Radio and

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00:49:08,200 --> 00:49:13,000
Speaker 1: TV Market Score spotted pretty Gupta and uh looking at

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00:49:13,040 --> 00:49:15,800
Speaker 1: stocks ahead of the open on Wall Street. Dow futures

874
00:49:15,880 --> 00:49:19,759
Speaker 1: right now up two SMP EMNI futures twenty five points higher,

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00:49:20,120 --> 00:49:23,120
Speaker 1: and that has Damny futures they're on fifty nine. You

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00:49:23,280 --> 00:49:32,320
Speaker 1: are listening to Bloomberg Daybreak Live from the financial capital

877
00:49:32,400 --> 00:49:36,239
Speaker 1: of the world, broadcasting across the globe. This is WVBR,

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00:49:36,360 --> 00:49:46,600
Speaker 1: New York. Bloomberg he lived THREO two thousand three is

879
00:49:46,680 --> 00:49:48,759
Speaker 1: very likely to me the year of recession. We might

880
00:49:48,960 --> 00:49:50,200
Speaker 1: skirt a recession or