Speaker 1: Markets, headlines and breaking news twenty four hours a day
Speaker 1: at Bloomberg dot Com, the Bloomberg Business Out and at
Speaker 1: Bloomberg Quicktake. She's a Bloomberg Business Flash and I'm Karen
Speaker 1: Moscow futures are lower this morning. We check the markets
Speaker 1: all day long here on Bloomberg. SNP futures down seven
Speaker 1: points or two tens of uppercent. NASDAG futures down two
Speaker 1: tens of upper cents. So were down futures NASDAG futures
Speaker 1: down twenty points down. Futures down seventy one. The decks
Speaker 1: in Germany's down two tens of uppercent as well. Ten
Speaker 1: year treasury up five thirty seconds. You'ld three point six
Speaker 1: four percent yield on the two year four point two
Speaker 1: zero percent. NIMEX screwed oil is up one percent of
Speaker 1: a dollar forty one. It's seventy nine dollars seventy cents
Speaker 1: of barrel. Call mex School. That'll change at eighteen twenty
Speaker 1: four and ninety announced the euro one point six one
Speaker 1: seven against the dollar, The British found one point to
Speaker 1: zero four five and again one thirty two point eight,
Speaker 1: and bitcoin is up a quarter percent. It's at sixteen thousand,
Speaker 1: eight hundred dollars. And that's a Bloomberg business flash, Nathan, Okay, Karen,
Speaker 1: thanks six fifty six on Wall Street. Bloomberg surveillance is
Speaker 1: straight ahead. First, we want to take a look at
Speaker 1: stock some of the individual movers in the early going.
Speaker 1: We're joined live now by Bloomberg Markets Live correspondent Tatiana
Speaker 1: dari A. Well, so much for the Santa rally after
Speaker 1: FedEx and Nike and the consumer confidence numbers yesterday, here
Speaker 1: comes Micron Technologies with a macro lump of coal, Tatiana, exactly, Nathan,
Speaker 1: sending another warning about consumer demand. There will Micron here
Speaker 1: taker m you, the largest use maker of memoryships moving
Speaker 1: lower by three percent in the pre market after reporting
Speaker 1: some disappointing earnings making and delivering a weak Salves forecast,
Speaker 1: and also some cust cutting measures, including plans to cut
Speaker 1: the workforce by ten percent. The company blames it all
Speaker 1: on an industry glat that that's worse than thirteen years
Speaker 1: according to the CEO. That's, of course as um now
Speaker 1: Sammy's are having to deal with glot after not being
Speaker 1: able to produce enough just you know, less than a
Speaker 1: year ago. Remember the chip shortage. Well now they're producing
Speaker 1: and are keeping inventories that are higher. And that's as
Speaker 1: people you know, have shelved their purchases of personal computers
Speaker 1: and smartphones as they returned back to work and didn't
Speaker 1: need anymore. And also amid rising inflation and and uncertain economy,
Speaker 1: especially um as you look at those recession concerns parking
Speaker 1: up and the layoffs here picking up as well. Well,
Speaker 1: we know that semi's have been struggling with demand, right
Speaker 1: if you look at the stock, shares are down about
Speaker 1: forty five percent this year, under performing the Philadelphia Semiconductor Index.
Speaker 1: But the disappointing results here are nonetheless worrying for the
Speaker 1: tech industry particularly, but for the Broadway economy as a whole. Yeah,
Speaker 1: I also see your keeping an eye on Tesla shares
Speaker 1: this morning. Not a whole lot of movement, but it
Speaker 1: looks like the electric vehicle makers dangling some incentives again exactly,
Speaker 1: it's moving. It's higher by about half a percent here.
Speaker 1: I'm not sure the move will will hold, to be honest,
Speaker 1: I think it's just, you know, seeing some relief after
Speaker 1: four days of losses in a really tough year. Frankly,
Speaker 1: but The story this morning is the Tesla's offering US
Speaker 1: consumers seven thousand, five hundred dollars to take delivery of
Speaker 1: its two cheapest models before year and and that's doubled
Speaker 1: the discount of what the company was offering earlier this month.
Speaker 1: So I guess, you know, for those who haven't completed
Speaker 1: their Christmas shopping, there's a chance there. I mean, we
Speaker 1: have to say, this is a very rare move from Tesla, right.
Speaker 1: This is a company that had a no discount policy
Speaker 1: for years, but it shows that the incentive is sort
Speaker 1: of This incentive is the latest indication that CEO Musk's
Speaker 1: prediction for an epic year of the end of the
Speaker 1: year is not panning out as planned, that they perhaps
Speaker 1: and need to do more on the pricing side of things,
Speaker 1: uh to meet their goals. And perhaps investors are nagna
Speaker 1: not gonna like that. Yeah, And I guess if nothing else,
Speaker 1: is the season for a little bit of gifts and
Speaker 1: maybe that's what we're seeing from Tesla this morning. Thanks
Speaker 1: for this, Tatiana, good having on with a Bloomberg Markets
Speaker 1: Life correspondent Tatiana dari A. Future is moving lower. SMP
Speaker 1: futures are down five points right now down futures down
Speaker 1: fifty nine, and Nasdaq futures are lower by seventeen points
Speaker 1: at six fifty nine. On Wall Street, I'm Nathan Hager
Speaker 1: alongside Karen Moscow. Bloomberg Surveillance with Tom Keene and Lisa
Speaker 1: Brahmowitz starts right now, live from the financial capital of
Speaker 1: the World, broadcasting across the globe. This is wbb R
Speaker 1: New York, Bloomberg Living Frio. We are not focusing deep
Speaker 1: and very long recession, but let's not let's not be
Speaker 1: too markets headlines and breaking news twenty four hours a
Speaker 1: day at Bloomberg dot Com, the Bloomberg Business at and
Speaker 1: at Bloomberg Quick Ja. He's a Bloomberg Business last and
Speaker 1: I'm Karen Moscow. Futures are lower this morning. We get
Speaker 1: at the first word breaking news dance for today's morning call.
Speaker 1: Here's Don Maloney, l good morning and good morning. Can
Speaker 1: that's right. US futures trading in the red right now,
Speaker 1: with the futures down seventy seven points, SUPs drop eight
Speaker 1: n NEZ that futures are lower by two the US
Speaker 1: ten year old at three point six four percent. Gold
Speaker 1: is little changed. Oil trading in the green and Bitcoin
Speaker 1: is also trading little changed. Hong Kong rose two point
Speaker 1: seven percent overnight, while European markets are posting modest losses
Speaker 1: this morning. And back in the US on the economic
Speaker 1: front at a thirty g d P and initial joblos
Speaker 1: Kane claims after the bell last night, Micron gave a
Speaker 1: lackluster revenue outlook and look for carmacks and paychecks to
Speaker 1: report in the pre market. Indian News the ft report
Speaker 1: that black Rock considered buying Carlisle after the CEO left
Speaker 1: and wrapping things up Jeffreys Coctor Market Reform over at
Speaker 1: KBW Live from the first breaking news Tasco Bill Maloney,
Speaker 1: care all right, Bill, thank you to hear live breaking
Speaker 1: news over your Bloomberg type squawk on your terminal. Sue
Speaker 1: you a w K and that's a Bloomberg business flash.
Speaker 1: Now here's Michael Barrow with Moore on what's going on
Speaker 1: around the world. Michael Karen, thank you very much. Ukrainian
Speaker 1: President Voladimir Zelensky pressed the US Congress for tanks, planes
Speaker 1: and more money to help repel Russia's invasion. In his
Speaker 1: first trip abroad since the warsz Lensky sold a joint
Speaker 1: meeting of Congress that US support has been crucial so far.
Speaker 1: The reports set to be released today about the House
Speaker 1: Investigators claims that then President Donald Trump criminally plotted to
Speaker 1: overturn his twenty twenty election defeat and provoked his supporters
Speaker 1: to violence at the Capitol with false claims of voter fraud.
Speaker 1: In the NBA, the next loss the Nets down the
Speaker 1: Warriors one for three month thirteen in the NHL, the
Speaker 1: Devil's won Global News twenty four hours a day on
Speaker 1: air and on bloom a quick tank powered by more
Speaker 1: than twenty seven hundred journalists and analysts more than a
Speaker 1: hundred twenty countries. Michael Barr and this is Bloomberg hearing,
Speaker 1: all right, Michael Barr, thank you at a six forty
Speaker 1: two on Wall Street. And we turned to news and
Speaker 1: science and technology now with the Bloomberg and j I.
Speaker 1: T Stem report, and here's just making news and science, technology,
Speaker 1: engineering and math. Microsoft was find sixty four million dollars
Speaker 1: by France's privacy watchdog over its management of cookies on
Speaker 1: its Being search engine. Frances Data protection authorities that it
Speaker 1: carried out several checks on Being in September twenty and
Speaker 1: one and found cookies were deposited without user consent, even
Speaker 1: though they were used for advertising purposes. The us is
Speaker 1: first National cyber Director, Chris English, is reportedly planning to
Speaker 1: step down in the coming months. English worked as one
Speaker 1: of President Joe Biden's top cyber security advisers at a
Speaker 1: time when the US was struggling to combat a steady
Speaker 1: stream of ransomware attacks on both businesses and government agencies,
Speaker 1: and one of the largest miners of bitcoin became the
Speaker 1: latest company to file for bankruptcy amid the crypto Winter,
Speaker 1: Texas based Corpse Scientific file it's bankruptcy petition, citing a
Speaker 1: slump in bitcoin prices, high electricity costs, increased competition and
Speaker 1: litigation as impacting performance and liquidity, and as to Bloomberg
Speaker 1: and j I t Stem report. Nathan, Okay, Karen, thank you.
Speaker 1: It is sixty three on Wall Street Time now to
Speaker 1: check what's going on in DC on this morning. After
Speaker 1: a historic night on Capitol Hill, Ukraine's President Voladimir z
Speaker 1: Lensky urging Congress for more support in the war against Russia.
Speaker 1: We stand, we five, and we will win because we
Speaker 1: are united. But Ukraine aid in the massive spending bill,
Speaker 1: making its way through Congress could be hung up over
Speaker 1: a border policy dispute. Also making news, House Republicans report
Speaker 1: on the January sixth assault, focusing on security lapses and
Speaker 1: Trump allies shown taking the fifth in January sixth committee transcripts.
Speaker 1: Let's bring in Bloomberg Government congressional reporter Jack Patrick to
Speaker 1: get more on some of these stories. Jack, good morning.
Speaker 1: Quite an extraordinary address from the Ukrainian president last night. Yeah,
Speaker 1: and it got a good reception, a lot of standing
Speaker 1: ovations from members of Congress. Uh. Really a positive reception.
Speaker 1: Probably not surprising that they've got a positive reception, especially
Speaker 1: from those who attended. UM, given that you know, there
Speaker 1: have been negotiations going on in the capital about the
Speaker 1: level of support for Ukraine, what they were going to
Speaker 1: put in this spending bill. Uh. And especially when you
Speaker 1: look at congressional leaders UM, really a bipartisan group other
Speaker 1: than some House conservative Republicans. Uh. It's it's clear there
Speaker 1: there's still a lot of support, bipartisan support in Congress
Speaker 1: for Ukraine. And it seemed to be a motivating event
Speaker 1: for lawmakers to hear directly from President Zelinski in person.
Speaker 1: It'll be interesting to see whether that motivation continues into
Speaker 1: the next Congress, when we're expecting from what we've heard
Speaker 1: from Republicans that they're going to give a lot more
Speaker 1: scrutiny to Ukraine AID going forward. What's your sense from
Speaker 1: the congressional members that you've been speaking to about what
Speaker 1: AID will look like for Ukraine under the new Congress.
Speaker 1: You know, talking to I think leadership aligned Republicans, you
Speaker 1: hear that there's quite a bit of support. Um, even
Speaker 1: House Republicans who are on the Appropriations Committee who work
Speaker 1: on these funding requests that kind of thing. Uh, there
Speaker 1: there's a lot of support. If you're trying to pinpoint
Speaker 1: where the questions come from. Uh, you know, there's a
Speaker 1: conservative wing. You may have seen clips of Matt Gates
Speaker 1: and Lauren Boebert really the only two who didn't participate
Speaker 1: in some standing ovations who are in the chamber. Uh.
Speaker 1: Those types of lawmakers even were critical of Zelenski giving
Speaker 1: the speech in the first place. Um, it's a bit
Speaker 1: of a sort of a freedom Caucus sort of Republican
Speaker 1: who's who's not really happy about it. But uh, the
Speaker 1: Mitch McConnell types, the leadership aligned Republicans typically have said
Speaker 1: there's a lot of support for Ukraine. It's not going
Speaker 1: to be no strings attached. You could get into some debates,
Speaker 1: especially if the war ends and this turns into a
Speaker 1: question more of economic aid and rebuilding a there's a
Speaker 1: bit more scrutiny on the Republican side there. But as
Speaker 1: for defense aid, especially as Ukraine continues to have success
Speaker 1: on the battlefield, a really large portion of Republicans, in
Speaker 1: addition to virtually unanimous support among Democrats, are are supportive
Speaker 1: of these kinds of bills for Ukraine. Now, there is
Speaker 1: a lot of Ukraine aid in this omnibus spending bill
Speaker 1: that has to get past this week so lawmakers can
Speaker 1: go home. But I guess the bill is is getting
Speaker 1: delayed somewhat by a dispute over the Title forty two
Speaker 1: Border policy. Yeah, Title forty two. The pandemic immigration restrictions
Speaker 1: have really proven to be a tough issue that can
Speaker 1: hold up bills. UH, and that's the primary issue they're
Speaker 1: trying to work through for this whole omnibus government funding bill,
Speaker 1: which includes about a forty five billion dollar measure for
Speaker 1: Ukraine as well. UH. The Senate Republicans wanted to have
Speaker 1: an amendment vote to keep Title forty two in place. Uh,
Speaker 1: and they wanted that vote to be set at a
Speaker 1: simple majority threshold rather than the sixty vote threshold in
Speaker 1: the Senate that a lot of these amendments would normally get.
Speaker 1: Now that is tricky because that potentially could pass, but
Speaker 1: then the measure would probably fail in the House because
Speaker 1: they're depending very significantly on Democratic votes because House Republicans
Speaker 1: haven't signed off on this broader agreement. So they're at
Speaker 1: a bit of a it's a little bit of a
Speaker 1: catch twenty two situation where to get this through the Senate,
Speaker 1: you've got to ogociate some sort of deal on immigration,
Speaker 1: but then depend on probably almost purely democratic support in
Speaker 1: the House. And they're still trying to come up with
Speaker 1: a with an agreement on how quickly they can have
Speaker 1: a vote in the Senate to send this over to
Speaker 1: the House. And uh, you know, the funding the funding
Speaker 1: deadline is Friday night, so they're really bumping up against
Speaker 1: the deadline. And we're bumping up to a deadline. It
Speaker 1: seems to be extended for the full report to come
Speaker 1: out from the House January six committee. In our last minute, here, Jack,
Speaker 1: what are we expecting to hear? Uh? You know they
Speaker 1: they have bumped back their full report. I think a
Speaker 1: lot of what's going to be in the full report
Speaker 1: is has has come out to some extent in the
Speaker 1: hearings that they've done. They did release a few dozen
Speaker 1: transcripts in which a lot of key players pleaded the
Speaker 1: fifth and and refused to answer questions, even confirming their
Speaker 1: age in place of residence. Um So, if you have
Speaker 1: paid very lows attention to the case that the committee
Speaker 1: has made essentially detailing former President's Trump President Trump's centrality
Speaker 1: and what happened in January six, you have a pretty
Speaker 1: good idea of what's probably going to be in that report. Okay, Jack,
Speaker 1: thanks as always, and happy holidays. If we don't speak
Speaker 1: to you before, then that's Bloomberg Government Congressional reporter Jack
Speaker 1: Fitzpatrick with us from the nation's capital. And you can
Speaker 1: read much more about all these stories on Bloomberg dot
Speaker 1: com or on the Bloomberg terminal, and follow the latest
Speaker 1: on Bloomberg Radio in Washington. Bloomberg and one oh five
Speaker 1: point seven FM HD two Futures moving lower this morning,
Speaker 1: SMP futures down seven points, Stown futures down seventy five.
Speaker 1: NASTAC futures are lower by twenty three points, and the
Speaker 1: tenure treasury is up five thirty seconds, the yield three
Speaker 1: point six four per cent. You're listening to Bloomberg day
Speaker 1: Break live from the Bloomberg Interactive Burger Studios. Is is is
Speaker 1: Bloomberg day Break for Thursday December twenty second two. Coming
Speaker 1: up to Shower, Ukraine's p incident leads for more support
Speaker 1: in person to Congress. F t X executives plead guilty
Speaker 1: as their former CEO returns to the US. The largest
Speaker 1: US chipmaker warns more layoffs are on the way and
Speaker 1: investors hold out hope for a brief Santa Claus Rally,
Speaker 1: New York. Mayor Adams gives himself a B plus as
Speaker 1: he defends his record on crime plus demand. Charred with
Speaker 1: shooting up a Brooklyn subway car will now lead guilty
Speaker 1: on Michael barn Or The Head, I'm John stash Our.
Speaker 1: In sports, the Knicks Winspey came to an a easy
Speaker 1: win for the Nets. The Devil's One in the Jets
Speaker 1: host Jacksonville Tonight. That's all Training Ahead on Bloomberg Daybreak
Speaker 1: on Bloomberg eleven Trio, New York Bloomberg one, Washington, d C,
Speaker 1: Bloomberg one oh six one Boston, Bloomberg nine sixties and
Speaker 1: Francisco Sirius x M one nine team and around the
Speaker 1: world on Bloomberg Radio dot com and via the Bloomberg
Speaker 1: Business App. Hey, good morning. I'm Nathan Hager and I'm
Speaker 1: or in Moscow. You mus Stock index futures are a
Speaker 1: little change this morning. We checked the markets all day
Speaker 1: long here on bloomberg S and p NASDAK. Features that
Speaker 1: will change down features down at tenth of a percent
Speaker 1: now or forty two points. Nathan, Okay, Karen, thank you.
Speaker 1: We'll get more on the markets in a moment, but
Speaker 1: we want to begin with a historic night in Washington.
Speaker 1: Ukraine's President vladimir's Lenski made an emotional address in person
Speaker 1: to a joint meeting of Congress. Bloomberg's head Baxter reports
Speaker 1: standing ovation after standing ovation from both sides of the aisle.
Speaker 1: The message Ukraine is alive and kicking and thanking US
Speaker 1: families for their support and now what people will have
Speaker 1: to go to boom shelters on Christmas Eve, Ukrainias will
Speaker 1: still sit down at the holiday table and cheer up
Speaker 1: each other. Zelenski says a free world will show all
Speaker 1: potential aggressors that the world will stand up to tyranny.
Speaker 1: He says next year will be a turning point of
Speaker 1: the war. He presented Congress with a flag from the
Speaker 1: war's front in San Francisco. I'm at Baxter Bloomberg Gay
Speaker 1: break all right, and thanks. And this was President Zelenski's
Speaker 1: first trip outside his country since the Russian invasion. In February.
Speaker 1: Before the speech, Zelinski paid a visit to the White
Speaker 1: House or President Biden stood by his side at a
Speaker 1: joint news conference and pledged his continued support. I want
Speaker 1: you to know that all the people who Ukraine to
Speaker 1: know as well the American people were with you every
Speaker 1: step of the way, and we will stay with you.
Speaker 1: We will stay with you for as long as it
Speaker 1: takes when. The Biden administration also announced nearly one point
Speaker 1: nine billion dollars in additional military aid to Ukraine, including
Speaker 1: a Patriot missile battery. Russian President Vladimir Putin meanwhile said
Speaker 1: Russia has no limitations on its own military spending to
Speaker 1: continue the war. Well, Nathan, We're following another story out
Speaker 1: of DC this morning. A group of House Republicans has
Speaker 1: released a counter rapport to the House Select Committee's investigation
Speaker 1: into the January six capital assault. Seventy eight page report
Speaker 1: partly Blame's Democratic leaders for security failures and says intelligence
Speaker 1: and law enforcement failures left the capital complex vulnerable. The
Speaker 1: January six Committee is a expected to release it's full
Speaker 1: report today. A let's turn from the Capital to cryptocurrency
Speaker 1: and get to the latest on the f t X
Speaker 1: collapse to top executives have pleaded guilty to criminal charges.
Speaker 1: As the former CEO of f t X, Sam Bankman Freed,
Speaker 1: returns to the US, Bloomberg Steve Rappaport joins US Live
Speaker 1: with that story. Good morning, Steve, Good morning, Nathan and Karen.
Speaker 1: Spf found himself with fewer friends upon arriving in New
Speaker 1: York last night, as Caroline Ellison and Gary Wang pled
Speaker 1: guilty to fraud. The plea agreements say prosecutors will recommend
Speaker 1: reduced sentences if they provide substantial assistance to the investigation.
Speaker 1: The move puts pressure on Bankman Freed ahead of his
Speaker 1: appearance in federal court today on charges of fraud, money laundering,
Speaker 1: and other counts. His lawyers may seek bail. Live in
Speaker 1: New York. I'm Steve Rappaport, Bloomberg Day Break. All right, Steve,
Speaker 1: thank you about the pivot away from COVID zero continues
Speaker 1: in China. This morning, we're learning China plans to cut
Speaker 1: quarantine requirements for overseas travelers in January. Sources tell US
Speaker 1: officials are considering a zero plus three policy that would
Speaker 1: mean tourists would no longer be required to spend time
Speaker 1: in a quarantine hotel or isolation facility, and arrivals into
Speaker 1: the country would instead be Sunday to three days of monitoring.
Speaker 1: Let's take a look at markets again, Karen. Futures are
Speaker 1: little changed to lower this morning. When global stocks advanced
Speaker 1: for a third day yesterday as we edged closer to
Speaker 1: that Christmas holiday, US shairs climbed on improved consumer confidence
Speaker 1: and better than expected earnings from FedEx and Nike. Earlier
Speaker 1: this week, markets snapped a four day slide that was
Speaker 1: sparked by hawkish Central bankuetering well in Asia. Nathan Stockship
Speaker 1: staffed a losing streak of their own, coming off the
Speaker 1: Bank of Japan surprise policy move earlier this week, and Bloomberry,
Speaker 1: Spry and Curtis joins US from Hong Kong with more
Speaker 1: stocks rallied in Asia, snapping five days of declines. The
Speaker 1: biggest moves were in Hong Kong, where the benchmark index
Speaker 1: rose about two and a half percent. Property companies led
Speaker 1: the way after regulators said they'd support the sector's growth.
Speaker 1: Shares also jumped in Japan, South Korea and Australia. Treasuries
Speaker 1: rose slightly in Asia as the fallout from the Bank
Speaker 1: of japan surprise policy shift began to EBB the En
Speaker 1: resumed its ad dance brand Curtis Bloomberg Daybreak, Okay, Brian,
Speaker 1: thank you a meanytime over in Europe, UK household saw
Speaker 1: their living standards fall amid a contraction in the third quarter.
Speaker 1: Bloomberg's You and Potts joins us from London with the
Speaker 1: latest good Morning You and Good Morning Nathan and Karen.
Speaker 1: Household incomes in the UK have fallen for a fourth
Speaker 1: straight quarter, leaving Britain's on course for the worst period
Speaker 1: for living standards in memory. Real incomes per head were
Speaker 1: three point one percent lower in the third quarter from
Speaker 1: a year earlier. Final GDP data meanwhile registered a no
Speaker 1: point three percent drop in the lakes quarter more than
Speaker 1: previously estimated. The reading is consistent with the economists expectations
Speaker 1: that the UK is already in recession. In London, I'm
Speaker 1: you and Pots day break, are you, and thanks for
Speaker 1: taking a look at corporate news now, America's largest memory chipmaker,
Speaker 1: Micron Technology, is out with a lackluster revenue outlook and
Speaker 1: a warning that will have to trim its workforce. Bloomberg
Speaker 1: Prisoner joins us with that story. The company has already
Speaker 1: pledged to reduce output in slow expansion projects as a
Speaker 1: way of limiting the availability of memory chips. Even so,
Speaker 1: Micron's forecast indicates the glut may drag on given a
Speaker 1: slump in demand. Sales will be about eighty million dollars
Speaker 1: below forecast, and Micron is projecting a loss of about
Speaker 1: sixty two cents to share excluding certain items. That's more
Speaker 1: than twice what analysts were estimating. Given these challenges, Micron
Speaker 1: will reduce its workforce by about ten percent over the
Speaker 1: next year. In New York, I'm Doug Prisoner, Bloomberg Daybreak,
Speaker 1: All right, don thank you and taking a look at
Speaker 1: Micron right now. It's down about three percent in early
Speaker 1: trading and futures this morning. They are little changed to lower.
Speaker 1: SMP futures now down about a tenth of a percent
Speaker 1: down about four points down. Futures down almost two tenths
Speaker 1: per cent an hour forty nine points, and NASDAG futures
Speaker 1: down about a tenth of upper center ten points. Straight
Speaker 1: ahead your latest local headlines plus the check of sports,
Speaker 1: and this is Bloomberg. Thanks tearing at six oh seven
Speaker 1: on Wall Street. Clear sky thirty six degrees in Central Park.
Speaker 1: But it is going to turn rainy and windy this
Speaker 1: afternoon into tomorrow. Heist today in the upper forties. That
Speaker 1: wind Advisor kicks in at ten tonight, and Michael Barr
Speaker 1: is here with more on what's going on in New
Speaker 1: York and around the world as we brace for this storm.
Speaker 1: Michael Oh, Yes, Nathan, Millions of Americans taking to the
Speaker 1: roads and skies before Christmas could face big trouble getting
Speaker 1: to their destinations on time because of the massive winter storm.
Speaker 1: Several major hubs, including New York City. We're all in
Speaker 1: the path of the storm and face significant disruptions. This
Speaker 1: man was sent it to Orlando from New York trying
Speaker 1: to get out ahead of the storm to see his family.
Speaker 1: We've been separated for a long time California before Night
Speaker 1: again Christmas. It's not just air flights being canceled. Amtrak
Speaker 1: has scrap service for dozens of routes. Also, Greyhound has
Speaker 1: scraped some service. New York City Mayor Eric Adams defended
Speaker 1: his record on crime, giving himself a B plus in
Speaker 1: his first year in office. There was a rise in
Speaker 1: major felonies through November, but Adams says though the top
Speaker 1: line number does not tell the whole story, as he
Speaker 1: highlighted double digit drops in the high profile murders and shootings.
Speaker 1: Public safety is the foundation of the city. I've used
Speaker 1: this term over and over again. It's the prerequisite to prosperity.
Speaker 1: Without it, we won't feel the safety we deserve. Mayor
Speaker 1: Adams went on to say that New Yorkers should feel
Speaker 1: better about the direction we're aheaded. A New York City
Speaker 1: court has scheduled to change the plea hearing for next
Speaker 1: month for the manaccused of opening fire on a Manhattan
Speaker 1: bound subway train last April, and a letter to the
Speaker 1: court his attorney said the alleged New York City subway shooter,
Speaker 1: Frank James, wants to plead guilty to federal terrorism charges.
Speaker 1: James was charged with several accounts of committing a terror
Speaker 1: attack on a mass transit system. Ten people were hurt
Speaker 1: in the shooting fly. The CDC data confirms American life
Speaker 1: expectancy fell for a second straight year in twenty one,
Speaker 1: the worst since nine. It's driven by accelerating COVID and
Speaker 1: drug overdosed depths. From men, it has dropped from seventy
Speaker 1: four point two years to seventy three eight point five years.
Speaker 1: For women, it's almost from eighty to seventy nine point three.
Speaker 1: Global News twenty four hours a day on here and
Speaker 1: on Bloomberg Quick Take, powered by more than twenty seven
Speaker 1: hundred journalists analysts more than a hundred twenty countries. Michael
Speaker 1: bar This is Bloomberg. Thanks Michael. Almost six ten on
Speaker 1: Wall Street. Time for the Bloomberg Sports Update, brought to
Speaker 1: you by Try Stay Outing with John Stash all Right,
Speaker 1: Nathan one winning, Street ended another continued at the Guard
Speaker 1: and Knicks couldn't stop Toronto's Pascal Siakam. He scored fifty
Speaker 1: two points. The Raptors ended their six game loses, who
Speaker 1: stayed one thirteen to one of the six Julius Randon R. J.
Speaker 1: Barrett both had thirty for the Knicks, who had won
Speaker 1: their previous eight in Brooklyn. The next winning break up
Speaker 1: to seven, one, three to one thirteen over Golden State.
Speaker 1: The Nets led ninety one to fifty one at halftime.
Speaker 1: Ninety one first half points is the third most in
Speaker 1: NBA history. The Devil three goals in third period went
Speaker 1: fourth to it Florida and then their sixth game slide. St.
Speaker 1: John's lost at Villanova seventy eight to sixty three. When
Speaker 1: you saw that Derek Jeter was in attendance that the
Speaker 1: Aaron Judge new contract press conference, you knew there was
Speaker 1: gonna be an announcement that Judge would be named the
Speaker 1: first Yankee captain since. Will continue to try to be,
Speaker 1: you know, the same leader that I've been in the
Speaker 1: past six years. Continue to lead by example, and I
Speaker 1: know there's probably gonna be a couple of more responsibilities
Speaker 1: with this, but you know, I'm here to embrace every
Speaker 1: single obstacle and you know, continue to lead this team
Speaker 1: and lead the city to to not want them, you know,
Speaker 1: multiple championships down the road. Sixteenth captain in Yankee history.
Speaker 1: The jetson any hopes of making the playoffs. They have
Speaker 1: to win tonight in the Rain, I met Live. Jacksonville
Speaker 1: comes in much improved. Jab War is only a game
Speaker 1: out of first an FC Salve Jets are game out
Speaker 1: for making it as a well card. The depth of
Speaker 1: follow famer Franco Harris yesterday at the age of seventy two,
Speaker 1: came just one day before the city of Pittsburgh was
Speaker 1: set to celebrate the fiftieth anniversary of Harrison's famous immaculate
Speaker 1: Reception catch, three days before the Steelers were finally going
Speaker 1: to retire his number thirty two. The legendary pill A
Speaker 1: now eighty two back in the hospital in Brazil. His
Speaker 1: cancer has said to have worsen. John stash Are, Bloomberg
Speaker 1: Sports Nathan all Right, John, thank you, and the Bloomberg
Speaker 1: Sports Report was brought to you by Audie. Don't let
Speaker 1: someone else drive off in the Audi model you've always wanted.
Speaker 1: Visit your local christ State autie dealer to get behind
Speaker 1: the wheel of yours today, or visit autie Offers dot
Speaker 1: com for more information. We have more reaction to President
Speaker 1: Zelenski's speech to Congress. Straight Ahead. First, futures are lower,
Speaker 1: SMP features are down six points now down features down
Speaker 1: sixty six and Nanstack futures on the decline by seventeen points.
Speaker 1: Tend your Treasury Yield three point six live from coast
Speaker 1: to coast, from New York to San Francisco, Boston to Washington,
Speaker 1: d C. Nationwide on sirius x, the Bloomberg Business app,
Speaker 1: and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning.
Speaker 1: I'm Nathan Hagar on the morning after an emotional address
Speaker 1: from Ukrainian President Voladimir Zlenski in the US capital that,
Speaker 1: for at least one night, seemed to unite Congress in
Speaker 1: its support for Ukraine in the face of Russian aggression.
Speaker 1: Former Defense Secretary and ahead of the CIA, Leon Panetta
Speaker 1: says that unity will be critical for Ukraine to connot victorious.
Speaker 1: Leon Panetta spoke with David Weston on a special edition
Speaker 1: of Bloomberg's Balance of Power following Zelenski's address last night.
Speaker 1: You've seen a lot of history in Washington. You've made
Speaker 1: your fair share. Give us your reactions to what we
Speaker 1: saw tonight. Well, there's no question this was a very
Speaker 1: moving and memorable speech. Uh, and I think in many
Speaker 1: ways historic. Uh. It'll go down in history, UH very
Speaker 1: close to Churchill UH coming to the United States to
Speaker 1: ask for support in the battle against Nazism. UH. Tonight
Speaker 1: we have Zelinsky going before the Congress UH and asking
Speaker 1: for support in the war against Putin. UH. I think
Speaker 1: this is UH. This is going to send a very
Speaker 1: strong message. The unity that was shown tonight will send
Speaker 1: a strong message to Putin, whose basic interest is to
Speaker 1: break the will of the United States and break the
Speaker 1: will of UH of Ukraine. One of the things we
Speaker 1: heard from President Zelinski and Mr. Secretary was he thinks
Speaker 1: that next year could well be a turning point. That
Speaker 1: is really critical. We really bear down right now from
Speaker 1: what you understand what's going on both of your experience
Speaker 1: as Secretary of Defense, but also has is that plausible? Well,
Speaker 1: there's no question that we're seeing a pivotal moment in
Speaker 1: this war. UH. It's clear that the tide of war
Speaker 1: has changed. It's clear that Ukraine has UH has the
Speaker 1: up her hand here in terms of its ability to
Speaker 1: be able to to move and gain territory and basically
Speaker 1: take on the Russians. But the Russians and Putin have
Speaker 1: made clear that they're not going anywhere, and that Putin
Speaker 1: is going to basically triple down UH and continue to
Speaker 1: do whatever he can to try to show that that
Speaker 1: he's not going to be defeated. UH. And so the
Speaker 1: real challenge is going to be this next year as
Speaker 1: to whether or not the unity of Ukraine, the United States,
Speaker 1: and our allies can hold together that we can continue
Speaker 1: to provide the arms necessary to the Ukrainians in order
Speaker 1: to be able to fight and to defeat this effort
Speaker 1: by Russia. MSSRY. One of the important developments today, I believe,
Speaker 1: was the decision by the United States government to supply
Speaker 1: Patriot missiles H to Ukraine. Give us your sense of
Speaker 1: what difference that can make in the battlefield. Why is
Speaker 1: that so important? Oh, it's tremendously important because what we
Speaker 1: see now is puting using missiles, using drones in order
Speaker 1: to attack infrastructure and attack innocent men, women and children. UH.
Speaker 1: And the only way to try to protect against that
Speaker 1: is with strong air defense. I've said for a long
Speaker 1: time that what is needed in Ukraine is a comprehensive
Speaker 1: air defense system. I'm glad that the Patriot battery is
Speaker 1: being provided. It's going to take some time, it's going
Speaker 1: to take some training to put it into effect, UH,
Speaker 1: and I believe it's probably the beginning of trying to
Speaker 1: put together a more comprehensive air defense system. I think
Speaker 1: when you put together a series of events, UH, that
Speaker 1: it's sending a very strong message to Putin. The fact
Speaker 1: that Zelinski came to Washington, met with the President, spoke
Speaker 1: to the Congress, is going to get almost two billion
Speaker 1: dollars in aid plus the Patriot battery. It makes very
Speaker 1: clear that the United States is not going anywhere. Despite
Speaker 1: Putent's threats, despite his push to indicate that somehow he'll
Speaker 1: he'll strike back in some way, that has had no
Speaker 1: effect in terms of the decision to help them. I
Speaker 1: think also that President She's advice to Putin to stay
Speaker 1: away from using a nuclear weapon carries a lot more
Speaker 1: weight with Putin, and he knows that he could lose
Speaker 1: his only ally if, in fact, he In gauges some
Speaker 1: kind of battlefield nuclear weapon. So I think right now
Speaker 1: the likelihood is that Putin is going to continue to
Speaker 1: raise hell with cruise missiles with groans, but I think
Speaker 1: he's going to stay away from nuclear And that was
Speaker 1: former Defense Secretary and CIA director Leon Panetta speaking with
Speaker 1: our David Weston on a special edition of Bloomberg's Balance
Speaker 1: of Power following Zelinski's address to the Joint Session of Congress.
Speaker 1: You can hear Balance of Power every weekday at noon
Speaker 1: Wall Street time, on Bloomberg Radio and on Bloomberg Television.
Speaker 1: Sp futures right now are down seven point staff features
Speaker 1: down seventy six. Nasdaq futures are lower by twenty points.
Speaker 1: The tenure treasury is up five thirty seconds. The yield
Speaker 1: three point six four per cent. You're listening to Bloomberg Daybreak, markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, the Bloomberg Business at and at Bloomberg Victape.
Speaker 1: This is a bloom Burn Business Flash, and I'm Karen
Speaker 1: Moscow and US Dock Index futures are lower. This after
Speaker 1: the sn P five hundred rows to its best daily
Speaker 1: gain in three weeks. We check the markets all day
Speaker 1: long here on Bloomberg s and P futures. They're extending
Speaker 1: their declines now they're down about ten points or a
Speaker 1: quarter percent, down futures down three tens of a percent
Speaker 1: or ninety five points, and NASDAG futures down a quarter percent,
Speaker 1: where about twenty eight points the decks in Germany's down
Speaker 1: a quarter percent ten, Your treasury up five thirty seconds,
Speaker 1: yield three point six four percent. The yield on the
Speaker 1: two year four point one nine percent. Nine X screwd
Speaker 1: oil is up one point seven percent of a dollar
Speaker 1: thirty four at seventy nine dollars sixty two cents a barrel.
Speaker 1: Comic school down a tenth of upper cent or two
Speaker 1: dollars forty cents. At eighteen twenty three, announced the euro
Speaker 1: one point six to two against the dollar, British found
Speaker 1: one point two zero six eight and the end one
Speaker 1: thirty two point one five. And look at a bitcoin,
Speaker 1: it's up to ten percent at sixteen thousand, eight hundred dollars.
Speaker 1: That's a Bloomberg business flash. Now here's Michael Barr with
Speaker 1: more on what's going on around the world. Michael Karen,
Speaker 1: thank you very much. Ukrainian President Volotimir Zelenski has paid
Speaker 1: a wartime visit to Washington to thank Americans for helping
Speaker 1: to fund the war against Russia. In a speech to Congress,
Speaker 1: he said the money is not charity, but an investment
Speaker 1: in global security and democracy. Americans traveling before Christmas could
Speaker 1: face big trouble getting to their destinations on time. Because
Speaker 1: of a massive winter storm. China plans to cut quarantine
Speaker 1: requirements for overseas travelers in January. According to people familiar
Speaker 1: with the matter, there will be no more hotel quarantines
Speaker 1: in the NBA. The next loss, and that's down the
Speaker 1: Warriors one one thirteen in the NHL. The Devil's Won.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred
Speaker 1: journalists and analysts more than a hundred twenty countries. I'm
Speaker 1: Michael Barr, and this is Bloomberg. Nathan. All right, Michael.
Speaker 1: Thanks at six three on Wall Street. I'm Nathan Hagar.
Speaker 1: This is is Bloomberg day Break. Let's get into this
Speaker 1: market now. Ross Mayfield joins this investment strategist at bar Ross.
Speaker 1: Good morning. Things were going so well after yesterday's earnings
Speaker 1: from FedEx and Nike and the consumer confidence beat. Now
Speaker 1: we're seeing futures take a leg lower. This a little
Speaker 1: bit of profit taking or is this kind of the
Speaker 1: end of the Santa rally that so many of us
Speaker 1: are hoping for. Yeah, I think at this point the
Speaker 1: burden of proof remains on the bulls. So when you
Speaker 1: get a day like today, it's probably gonna be a
Speaker 1: little bit lower volume, lacking catalysts. Um. I think the
Speaker 1: trend is downward. Um. We had a nice rally kind
Speaker 1: of into December. Everybody you know, saw that Santa Claus
Speaker 1: rally that they wanted so badly, and then uh, you know,
Speaker 1: central bankers around the world kind of played the granch
Speaker 1: a little bit. Um, And I think that weighs on
Speaker 1: the market heading into three um as really not much
Speaker 1: has changed for the macro outlook. UM. So yeah, I
Speaker 1: think I think it's should there's getting the burden of
Speaker 1: proof is gonna be on the bulls until we get
Speaker 1: some some news otherwise. So what kind of news should
Speaker 1: we be looking for as head into twenty ewenty free
Speaker 1: What could shake central banks? Well, I mean they've they've
Speaker 1: told us basically what it will take for them to
Speaker 1: ease up enough to to possibly get the soft landing
Speaker 1: that risk risk assets want to see. And it starts
Speaker 1: and ends with the labor market, at least for the FED.
Speaker 1: And it's a tricky, tricky lie because you need the
Speaker 1: labor market to soften enough to get the FED to
Speaker 1: ease off of their you know, hyper hawkish policy. Um,
Speaker 1: but you can't have it cracked too much so that
Speaker 1: you lose the consumer. I mean, the consumer resilience has
Speaker 1: really been one of the bright spots of the domestic
Speaker 1: economy over the past eighteen months, in the face of inflation,
Speaker 1: in the face of higher interest rates, in the basic
Speaker 1: geopolitical shocks, um. And a lot of that stems from
Speaker 1: strength and confidence in the labor market. But the FED
Speaker 1: is telling us out right, then until we see weakness there,
Speaker 1: until we get labor demands down to meet the kind
Speaker 1: of structural supply shortage. Um, they're gonna keep They're gonna
Speaker 1: keep being hawkish, and they don't see their job is done. Yeah,
Speaker 1: we have gotten consistent messaging from the Fed. But of
Speaker 1: course we did get that surprise from the Bank of
Speaker 1: Japan on yield curve control this week. Should we be
Speaker 1: looking for more surprises from central banks at this point?
Speaker 1: I think Japan was was one, if not the last holdout. Um,
Speaker 1: you know, this was a move that was expected, I think,
Speaker 1: but I think the timing, the kind of urgency of
Speaker 1: its surprise markets a little bit um so so to me,
Speaker 1: I mean, you have the e c B hiking. You
Speaker 1: have the b O E hiking. You know, really really
Speaker 1: central banks around the world, you know, outside of a
Speaker 1: handful that are dealing with idio syne credit issues, are
Speaker 1: are lockstep in unison in their movement with higher rates, UM,
Speaker 1: less stimulus, tighter policy, and the Bank of Japan was
Speaker 1: trying to be a holdout and you could see it
Speaker 1: in the end. You could see it in their equity
Speaker 1: markets UM. And so finally, you know, I think the
Speaker 1: I think the market one and so we'll see if
Speaker 1: it leads to outright rate heights or not UM when
Speaker 1: the governorship changes in three But but for now, I
Speaker 1: think they're just joining on the train that had already
Speaker 1: left the station. Lightning answer for me, Ross, where do
Speaker 1: you look for opportunity in twenty three? High quality? Defensive?
Speaker 1: You know, we're gonna be tactically defensive for the first
Speaker 1: half of the year, but longer term, we're starting to
Speaker 1: like the setup. So for now, I think you continue
Speaker 1: to play a little bit of defense and start to
Speaker 1: look for long term opportunities in the first half of
Speaker 1: the year. Awesome, Thanks for this, Ross, Great have you
Speaker 1: on with us this morning. Ross Mayfield Investment Strategists at
Speaker 1: baired As we look at futures move even lower down,
Speaker 1: deepening some of these declines. Modest losses though really with
Speaker 1: SMP futures down nine points, Staff futures down ninety, NASTACK
Speaker 1: futures down twenty nine points, and you compare it to
Speaker 1: the one plus percent gains that we saw yesterday across
Speaker 1: the board for US stocks. Now, let's getta look at
Speaker 1: your weather forecast. There's wind advisory effect from ten pm
Speaker 1: tonight through ten pm tomorrow night CLOUDI and brice rain
Speaker 1: develops this afternoon high forty five to fifty rain, heavy
Speaker 1: at times, night becoming very windy. Those overnight fifty temperatures
Speaker 1: rise as the night goes on rein and tomorrow with
Speaker 1: fifty to fifty five temperatures fall through the afternoon, partly sunny,
Speaker 1: breeze Saturday only twenty five sunny Sunday. I'm Rob Carolyn
Speaker 1: with your weekend forecast on Bloomberg eleven three oh broadcasting
Speaker 1: live from the Bloomberg Interactive Broker Studio in New York,
Speaker 1: Bloomberg E living free on to Washington, d C. Bloomberg
Speaker 1: nine one to Boston, Bloomberg one O six one to
Speaker 1: San Francisco, Bloomberg nine sixty to the country Sirius XM
Speaker 1: H one nine and around the globe the Bloomberg business
Speaker 1: in Bloomberg Radio dot Com. This is Bloomberg Daybreak and
Speaker 1: we're coming up to six thirty on Wall Street. Good morning,
Speaker 1: I'm Nathan Hager and I'm Karen Moscow. We are just
Speaker 1: about three hours away from the open of US training.
Speaker 1: Time for the five things that you need to notice
Speaker 1: start your day. And at first, it was a historic
Speaker 1: night in Washington. Ukraine's President Vladimir's lens He made an
Speaker 1: emotional address in person to a joint meeting of Congress.
Speaker 1: Europe is now stronger and more independent than never. The
Speaker 1: Russian tyranny has lost control over US. This was President
Speaker 1: Zelenski's first trip outside his country since Russia's invasion in February,
Speaker 1: and ahead of the address, care and the Biden administration
Speaker 1: announced nearly one point nine billion dollars in additional military
Speaker 1: aid to Ukraine, including a Patriot missile battery. Russian President
Speaker 1: Vladimir Putin meanwhile says Russia has no limitations on its
Speaker 1: own military spending to continue the war. Well, we're following
Speaker 1: another story at a d C. This morning, Nathan, A
Speaker 1: group of House Republicans has released a counter report to
Speaker 1: the House Select Committee's investigation into the January six capital assault.
Speaker 1: The January six Committee is expected to release it's full
Speaker 1: report today. I returned to Cryptocurrency Now carrying gets to
Speaker 1: the latest on the ft X collapsed to top executives
Speaker 1: of the Crypto Exchange have pleaded guilty to criminal charges.
Speaker 1: Bloomberg Steve Rappaport joins US Live Steve, Good Morning, Nathan
Speaker 1: and Karen. Ahead of Sam Bankman Freed's appearance in court today.
Speaker 1: Caroline Ellison and Gary Wang pled guilty to fraud as
Speaker 1: prosecutors ramp up pressure in their case against him. The
Speaker 1: Plea deal calls for the government to recommend reduced sentences
Speaker 1: if they provide substantial assistance in the investigation. Bankman Free
Speaker 1: touchdown in New York last night after waving his right
Speaker 1: to extradition from the Bahamas. Live in New York. I'm
Speaker 1: Steve Rapaport, Bloomberg Daybreak, Gray, Steve, thank you for taking
Speaker 1: a look at markets now. Futures are lower. Global stocks
Speaker 1: advance for a third day yesterday as we adge closer
Speaker 1: to the Christmas holiday. But Brian Jacobson, Senior Investment Strategies
Speaker 1: with all Spring Global Investments, says markets are pricing in
Speaker 1: a recession, though there still are buying opportunities. Look at
Speaker 1: some of the cyclical names, maybe look at some small
Speaker 1: caps and midcaps and emerging markets. Uh and uh. Let's
Speaker 1: not forget that this is actually a pretty decent environment
Speaker 1: where bombs can once again diversify a portfolio all screens.
Speaker 1: Brian Jacobson says markets are also pricing in lower earnings.
Speaker 1: In speaking of earnings, Karen, America's largest memory chip baker
Speaker 1: Micron Technologies is out with a lackluster revenue outlook and
Speaker 1: a warning that we will have to trim its workforce.
Speaker 1: And taking a look at Micron shares right now, they
Speaker 1: are down three percent in the early trade, and again
Speaker 1: futures are lower this morning. S and P Future is
Speaker 1: down about nine points or two tens of uppercent, NASDAC
Speaker 1: and Dow future is also down to tens of uppercent,
Speaker 1: but Dow futures down seventy five points and NASDAG futures
Speaker 1: down twenty six. The decks in Germany's down two tens
Speaker 1: of uppercent as well. The tenure treasury of four thirty
Speaker 1: seconds yeld three point six four percent yield on a
Speaker 1: two year four point to zero percent, nine x screwed
Speaker 1: l up one percent of a dollar forty it's it's
Speaker 1: seventy nine sixty nine cents of barrel. That's the five
Speaker 1: things that you need to notice. Start your day and
Speaker 1: straight ahead your latest local headlines. And this is Bloomberg.
Speaker 1: Thank you, Caring at six thirty one on Wall Street,
Speaker 1: and Michael Barr has more on what's going on in
Speaker 1: New York and around the world. We'll just trying to
Speaker 1: stay warm, Michael. Getting ready for this frigid Christmas weekend.
Speaker 1: Oh my, Nathan. Yes, millions of Americans are taking to
Speaker 1: the roads and skies before Christmas, and they could face
Speaker 1: big trouble getting to their destinations on time because of
Speaker 1: a massive winter storm. Several major hubs, including New York City,
Speaker 1: are all in the path of the storm and face
Speaker 1: significant disruptions. This traveler in New York was headed towards
Speaker 1: the storm now actually was on the airplane waiting to
Speaker 1: taxi out and we got canceled going to Bismarck, North Dakota.
Speaker 1: Airlines have been castling hundreds of flights. New York City
Speaker 1: Mayor Eric Adams defended his record on crime. He wrapped
Speaker 1: up his first year in office amid rise and major
Speaker 1: felonies through November. Mayor Adam says though the top line
Speaker 1: number does not tell the whole story, as he highlighted
Speaker 1: double digit drops in the high profile murders and shootings.
Speaker 1: And I'm talking to New york Is every day when
Speaker 1: I'm on the subway system, walking the street, interacting with them, coaches,
Speaker 1: in houses, roach shops and synagogues. That's the number one
Speaker 1: thing on their minds. They want to be safe, and
Speaker 1: they deserve to be safe. Near Adams gave himself a
Speaker 1: B plus in fighting crime. A man accused of wounding
Speaker 1: ten people in a mass shooting on a crowded subway
Speaker 1: train in Brooklyn told his lawyers he'd like to plead
Speaker 1: guilty next month to all of the charges against him,
Speaker 1: including terrorism offenses. In April, the accused shooter, Frank James,
Speaker 1: set off a pair of smoke grenades and then scattered
Speaker 1: a barrage of random shots inside the train. One Senator
Speaker 1: good derail the one point seven trillion dollars spending bill
Speaker 1: Utah Republican Senator Mike Lee once an amendment that would
Speaker 1: reinstate Title forty two, the pandemic rule that kept asylum
Speaker 1: seeking migrants in Mexico due to COVID. The government shut
Speaker 1: down deadline is Friday. Globally is twenty four hours a
Speaker 1: day on air and on Bloomberg Quick Take, powered by
Speaker 1: more than twenty seven hundred journalists analysts more than a
Speaker 1: hundred twenty countries. Michael bar This is Bloomberg, ain't it?
Speaker 1: Thanks Michael. Almost six thirty four in Wall Streets have
Speaker 1: for the Bloomberg Sports update, brought to you by tri
Speaker 1: State Out of here, John, Thanks Nathan Nicks. At one,
Speaker 1: eight and row and five of the eight they had
Speaker 1: not allowed a hundred points, but at Tiguard in Toronto's
Speaker 1: Pascal Siakam went for over half a hundred by himself
Speaker 1: fifty two points. The Raptors into the Knicks win Street
Speaker 1: one thirteen to one oh six. In the lost thirty
Speaker 1: points for both Julius Randall r. J. Barrett, but an
Speaker 1: off night for Jalen Brunson. He shot three or fourteen
Speaker 1: nets have won their last seven eleven of twelve at
Speaker 1: Barkley is a one forty three to one thirteen round
Speaker 1: of Golden State. The Nets led fifty one at halftime,
Speaker 1: nine Nets and double figures. The Warriors two games and
Speaker 1: two nights in New York and losses by thirty eight
Speaker 1: and thirty points. Much needed win for the Devils. They
Speaker 1: lost their last six. They rallied to win at Florida
Speaker 1: to two. St. John's lost at Villanova seventy eight sixty three.
Speaker 1: Jets and Jaguars figure to be playing in the rain
Speaker 1: tonight at MetLife. Jets out to end of three game
Speaker 1: losing streak, keep their playoff hopes alive. Aaron Judge was
Speaker 1: at Yankee stated to talk about his new nine year
Speaker 1: country acting about being named Yankee Captain, I'm getting a
Speaker 1: chance to continue you know something the Yankees, you know,
Speaker 1: are so big on, which is legacy. You know, continue
Speaker 1: to get a chance to continue my legacy here in
Speaker 1: pin stripes, you know, in the best city in the world,
Speaker 1: the best baseball city, on the front of the best fans.
Speaker 1: This is um an incredible honor. First captain since Derek Jr.
Speaker 1: Who was in attendance. The numbers are in after the
Speaker 1: stunning Carlos Careas signing, the Mets will have a payroll
Speaker 1: of three four million dollars. They'll pay attacks of another
Speaker 1: hundred eleven millions, so they will shell out almost half
Speaker 1: a billion. In John Stasheller Bloomberg Sports, Nathan brought to
Speaker 1: you buyouty. You don't let someone else drive off in
Speaker 1: the Audi model. You've always wanted to visit your local
Speaker 1: Try state autie dealer to get behind the wheel of
Speaker 1: yours today, or visit autie Offers dot com for more information.
Speaker 1: Five on Wall Street, Bloomberg Radio is on the air
Speaker 1: from San Francisco to New York, London to Hong Kong.
Speaker 1: Let's check in with our global news team for some
Speaker 1: of the top or he's heard on our three hundred
Speaker 1: affiliate radio stations around the world. I'm planning Donaho on
Speaker 1: kf AB and Omaha. Some ethanol producers are cutting production
Speaker 1: on there the cold temperatures. I'm Steve Podas Scott k
Speaker 1: n X in Los Angeles. We're talking about a report
Speaker 1: that Elon Musk may be planning job cuts at Tesla.
Speaker 1: I'm Klin Headcimed Blue Bag d a B Radio in London.
Speaker 1: We've been reporting on another dire hit to uknitting standards.
Speaker 1: As household incomes drop again and you take growth is
Speaker 1: revised lower in the third quarter. I'm Jeff Bullinger and
Speaker 1: on WTB N and Columbus. I'll be talking about a
Speaker 1: new report that chose home affordability falling a sky high
Speaker 1: mortgage interest rates offset lower listing crisis. I'm Ad Corey
Speaker 1: on w w J and Detroit. I'm reporting a large
Speaker 1: expansion of the Huntingdon Place Convention Centery clan. And those
Speaker 1: are some of the stories our twenty undred Bloomberg journalists
Speaker 1: and analysts are working on this morning. Around the world.
Speaker 1: It's six thirty six on Wall Street. The following is
Speaker 1: an editorial from Bloomberg Opinion. This editorial was written by
Speaker 1: the Bloomberg Editorial Board. Deciding what can be built where
Speaker 1: is a perfectly legitimate power of local governments across America.
Speaker 1: It's also a tool of exclusion that undermines the economy,
Speaker 1: deepens inequality, and even exacerbates climate change, particularly in neighborhoods
Speaker 1: with the best schools and access to jobs. Politically active
Speaker 1: residents who tend to be older, affluent, and white, have
Speaker 1: long adopted rules to keep others out. It's a prime
Speaker 1: example of local government gone wrong. Fortunately, the pro market
Speaker 1: and pro equality aspects of zoning reform give it bipartisan appeal,
Speaker 1: visible in the support for legislation at the state and
Speaker 1: national levels. To be sure, zoning reform alone won't solve
Speaker 1: the country's housing crisis, but it's a task that federal
Speaker 1: and state governments must urgently undertake. This editorial was written
Speaker 1: by the Bloomberg Editorial Board. For more Bloomberg opinion, please
Speaker 1: go to Bloomberg dot com, slash Opinion or O P
Speaker 1: I en go on the Bloomberg terminal. These has been
Speaker 1: Bloomberg Opinion. Listen for Bloomberg opinion editorials every weekday at
Speaker 1: this time. Terminal customers can read more at O P
Speaker 1: I n go. Another story we're watching, JP Morgan Chase
Speaker 1: is upping its climate ambitions, announcing a slew of new
Speaker 1: emissions reductions targets for its financing to carbon intensive businesses,
Speaker 1: including airlines and cement manufacturers. The largest US bank is
Speaker 1: that whether its climate report for this year, it says
Speaker 1: it plans to reduce the carbon intensity of its aviation
Speaker 1: financing portfolio by thirty six percent by futures on the decline.
Speaker 1: This morning, SMP futures are down seven points Down futures
Speaker 1: down seventy and Nasdak futures are lower by twenty two points.
Speaker 1: The tenure treasuries up four thirty seconds. The yield on
Speaker 1: the benchmark tenure note three point six four percent. You're
Speaker 1: listening to Bloomberg day Break