1 00:00:03,720 --> 00:00:06,960 Speaker 1: Live from the Bloomberg Interactive Burger Studios. This is Bloomberg 2 00:00:07,040 --> 00:00:10,640 Speaker 1: Daybreak for Tuesday May third, two. Coming up this hour, 3 00:00:11,000 --> 00:00:13,880 Speaker 1: A report says the Supreme Court is poised to overturn 4 00:00:13,960 --> 00:00:17,240 Speaker 1: the landmark ruling on a portioned team coverage Straight ahead, 5 00:00:17,400 --> 00:00:20,439 Speaker 1: British Prime Minister Boris Johnson delivers a virtual address to 6 00:00:20,560 --> 00:00:24,320 Speaker 1: Ukraine's Parliament and Treasury. Yields rise ahead of the Fed beating. 7 00:00:24,680 --> 00:00:27,680 Speaker 1: New York City raises its COVID level to medium plus. 8 00:00:27,760 --> 00:00:31,920 Speaker 1: Eyes are on Ohio for today's important GOP Senate primary race. 9 00:00:32,200 --> 00:00:35,320 Speaker 1: I'm Michael Barr. More ahead, I'm John Stashed how in 10 00:00:35,360 --> 00:00:38,640 Speaker 1: sports making ten straight wins for the Yankees, the Mets lost. 11 00:00:38,680 --> 00:00:44,640 Speaker 1: The Rangers begin their playoff series with Pittsburgh tonight. That's 12 00:00:44,640 --> 00:00:48,559 Speaker 1: all's training ahead on Bloomberg Daybreak on Bloomberg Eliving Free 13 00:00:48,600 --> 00:00:53,040 Speaker 1: on New York, Bloomberg one, Washington, d C, Bloomberg one 14 00:00:53,040 --> 00:00:57,560 Speaker 1: oh six one, Boston, Bloomberg nine sixties, and Francisco Sirius 15 00:00:57,720 --> 00:01:00,080 Speaker 1: x M one nine team, and around the world on 16 00:01:00,280 --> 00:01:03,520 Speaker 1: Bloomberg Radio dot Com and via the Bloomberg Business SIP. 17 00:01:07,560 --> 00:01:10,640 Speaker 1: Good morning, I'm Nathan Hagar, and I'm Karen, Moscow and 18 00:01:10,760 --> 00:01:13,600 Speaker 1: US Dock index futures are little change this morning. We're 19 00:01:13,640 --> 00:01:15,200 Speaker 1: coming up to find a one on Wall Street, and 20 00:01:15,240 --> 00:01:17,559 Speaker 1: we checked the markets every fifteen minutes throughout the trading 21 00:01:17,640 --> 00:01:21,000 Speaker 1: day on Bloomberg. Again, future is little change. The decks 22 00:01:21,000 --> 00:01:24,200 Speaker 1: in Germany is ups extensive. Upper set ten year treasury 23 00:01:24,280 --> 00:01:26,920 Speaker 1: down one thirty second yeal two point nine eight percent, 24 00:01:26,959 --> 00:01:28,920 Speaker 1: and the yield on the two year two point seven 25 00:01:29,000 --> 00:01:31,800 Speaker 1: six percent. And nim X screwed oil is down nine 26 00:01:32,160 --> 00:01:36,000 Speaker 1: percent or a dollar eight at seven cents a barrel. 27 00:01:36,120 --> 00:01:38,720 Speaker 1: Nathan Karen, We'll have one markets in a minute. But first, 28 00:01:38,720 --> 00:01:42,360 Speaker 1: there was protest outside the Supreme Court overnight in response 29 00:01:42,400 --> 00:01:46,880 Speaker 1: to a leaked draft opinion published in Politico. It suggests 30 00:01:46,959 --> 00:01:50,320 Speaker 1: the High Court is preparing to overturn Roe v. Wade. 31 00:01:50,720 --> 00:01:54,600 Speaker 1: Amy Morris begins our team coverage from the Bloomberg newsroom 32 00:01:54,640 --> 00:02:00,560 Speaker 1: in Washington. Barricades went up as demonstrators came out to 33 00:02:00,640 --> 00:02:07,200 Speaker 1: protest the opinion. In the ninety eight page draft, Justice 34 00:02:07,240 --> 00:02:10,799 Speaker 1: Samuel Alito writes Roe was egregiously wrong from the start. 35 00:02:10,880 --> 00:02:15,440 Speaker 1: It also references Planned Parenthood v. Casey. Justice Elita writes, quote, 36 00:02:15,480 --> 00:02:19,040 Speaker 1: we hold that Roe and Casey must be overruled. This 37 00:02:19,120 --> 00:02:21,600 Speaker 1: woman says she joined the demonstrations when she heard the 38 00:02:21,639 --> 00:02:24,520 Speaker 1: High Court may plan to overturn Roe v. Wade. You know, 39 00:02:24,600 --> 00:02:26,280 Speaker 1: it really just feels like every all the work we 40 00:02:26,360 --> 00:02:28,600 Speaker 1: put into was just torn up and thrown in the garbage. 41 00:02:28,639 --> 00:02:31,320 Speaker 1: And it's honestly ridiculous to me because of how far 42 00:02:31,360 --> 00:02:33,720 Speaker 1: we've come, gret to just be set back in the time. 43 00:02:33,840 --> 00:02:37,200 Speaker 1: Senate Majority Leader Chuck Schumer and how Speaker Nancy Pelosi 44 00:02:37,280 --> 00:02:40,600 Speaker 1: issued a joint statement referencing justices like Brett Kavanaugh and 45 00:02:40,639 --> 00:02:44,120 Speaker 1: Neil Gorsch who have said that Roe is settled law, writing, 46 00:02:44,160 --> 00:02:47,240 Speaker 1: the conservative justices quote have lied to the U. S. 47 00:02:47,240 --> 00:02:50,600 Speaker 1: Senate and ripped up the Constitution. In Washington, I'm Amy 48 00:02:50,639 --> 00:02:53,680 Speaker 1: Morris Bloomberg Daybreak hert Amy, thank you all. Abortion rights 49 00:02:53,720 --> 00:02:56,200 Speaker 1: is now an issue that could reshape the midterm elections, 50 00:02:56,240 --> 00:02:59,480 Speaker 1: and Bloomberg Law reporter Joan Grashow continues our team coverage 51 00:02:59,480 --> 00:03:02,600 Speaker 1: in New York. It would become a huge issue for 52 00:03:02,680 --> 00:03:06,880 Speaker 1: the mid term. People say that it would perhaps invigorate 53 00:03:07,080 --> 00:03:11,040 Speaker 1: the Democratic base to get out there because this is 54 00:03:11,120 --> 00:03:14,799 Speaker 1: really one of the social issues of our time, and 55 00:03:14,919 --> 00:03:17,440 Speaker 1: you know, women fought for so long to get the 56 00:03:17,560 --> 00:03:20,800 Speaker 1: right to an abortion, and now, in pretty short measure 57 00:03:20,840 --> 00:03:25,000 Speaker 1: in the history of our rights, it's being overturned. Bloomberg's 58 00:03:25,000 --> 00:03:27,760 Speaker 1: Young Grosso says the leaking of the Supreme Court Giraft 59 00:03:27,800 --> 00:03:31,160 Speaker 1: decision is perhaps more surprising than the apparent ruling. And 60 00:03:31,280 --> 00:03:34,320 Speaker 1: we'll have more details and analysis on that apparent Supreme 61 00:03:34,360 --> 00:03:37,800 Speaker 1: Court decision. Karen coming up shortly. First, Let's get you 62 00:03:37,840 --> 00:03:41,080 Speaker 1: the latest on the war in Eastern Europe. Boris Johnson 63 00:03:41,160 --> 00:03:43,960 Speaker 1: weighs in on the conflict. Today, the British Prime Minister 64 00:03:44,000 --> 00:03:47,880 Speaker 1: will evoke his country's wartime history during a virtual address 65 00:03:47,920 --> 00:03:51,120 Speaker 1: to Ukraine's parliament. Let's get the latest live with Bloomberg's 66 00:03:51,160 --> 00:03:54,160 Speaker 1: Human Potts in London. Good morning, Human, Good morning Nathan 67 00:03:54,160 --> 00:03:57,520 Speaker 1: and Karen. Bro Johnson is addressing Ukraine's parliament today, becoming 68 00:03:57,560 --> 00:03:59,840 Speaker 1: the first world leader to do so. He's expected to 69 00:04:00,240 --> 00:04:03,480 Speaker 1: The bravery demonstrated by Ukrainian fighters means the war will 70 00:04:03,480 --> 00:04:06,720 Speaker 1: come to be known as the country's finest our, echoing 71 00:04:06,720 --> 00:04:09,600 Speaker 1: the words of British leader Winston Churchill. In addition, the 72 00:04:09,640 --> 00:04:11,840 Speaker 1: UK has announced the new package of some three hundred 73 00:04:11,840 --> 00:04:14,720 Speaker 1: and seventy five million dollars in military eight for Ukraine. 74 00:04:14,840 --> 00:04:17,039 Speaker 1: In London, I'm you and pot Spin Big daybreak, are 75 00:04:17,040 --> 00:04:19,200 Speaker 1: you and thank you well? In Ukraine Today, more civilian 76 00:04:19,240 --> 00:04:22,520 Speaker 1: evacuations are expected for Maria, Pool and other cities in 77 00:04:22,600 --> 00:04:26,560 Speaker 1: Russian hands as the conflict drags on. Former CIA director 78 00:04:26,640 --> 00:04:30,680 Speaker 1: David Petrea said, it's slowly grinding Russia down. The Russians 79 00:04:30,720 --> 00:04:35,080 Speaker 1: are running out of troops and material. They cannot replace 80 00:04:35,720 --> 00:04:37,960 Speaker 1: what has been lost, at least not in the short term. 81 00:04:37,960 --> 00:04:41,280 Speaker 1: It's possible that Flatter and Putin on nine May, during 82 00:04:41,320 --> 00:04:44,760 Speaker 1: the World War two Victory Day celebration Moscow could announce 83 00:04:44,839 --> 00:04:48,760 Speaker 1: general mobilization or something like that. Retired General David petray 84 00:04:48,839 --> 00:04:51,880 Speaker 1: As is now chairman of the KKR Global Institute. He 85 00:04:51,920 --> 00:04:55,000 Speaker 1: spoke with David Weston on Bloomberg's Balance of Power. Catch 86 00:04:55,080 --> 00:04:58,720 Speaker 1: the show weekdays at noon Eastern on Bloomberg Radio and Television. 87 00:04:58,839 --> 00:05:02,080 Speaker 1: I meantime, Karen City Group is still seeking potential buyers 88 00:05:02,120 --> 00:05:05,200 Speaker 1: for its operations in Russia. We spoke with CEO Jane 89 00:05:05,200 --> 00:05:08,560 Speaker 1: Fraser about the effort. We're selling our consumer and our 90 00:05:08,600 --> 00:05:11,560 Speaker 1: commercial banking franchise on the ground there, and we're in 91 00:05:11,680 --> 00:05:15,680 Speaker 1: active dialogue around that UM, and then what we've also 92 00:05:15,760 --> 00:05:18,400 Speaker 1: been doing is focusing on helping the multinationals on the 93 00:05:18,440 --> 00:05:21,240 Speaker 1: ground because a lot of our client base of the 94 00:05:21,320 --> 00:05:24,600 Speaker 1: fortune and five hundred UM their names that we all know, 95 00:05:25,200 --> 00:05:27,560 Speaker 1: and some of many of those are looking at exiting. 96 00:05:28,120 --> 00:05:30,400 Speaker 1: You can't exit if you don't have your bank on 97 00:05:30,440 --> 00:05:33,640 Speaker 1: the ground there. The City Group CEO Jane Fraser made 98 00:05:33,640 --> 00:05:35,839 Speaker 1: the comments in an interview with Bloomberg at the Milken 99 00:05:35,880 --> 00:05:39,280 Speaker 1: Institute Global Conference in California. Well, Nathan, let's turn to 100 00:05:39,320 --> 00:05:41,760 Speaker 1: the FED now, where central bankers begin their two day 101 00:05:41,800 --> 00:05:44,640 Speaker 1: policy meeting today. They're widely expected to raise rates by 102 00:05:44,760 --> 00:05:47,240 Speaker 1: fifty basis points at tomorrow's decision, and we get the 103 00:05:47,320 --> 00:05:50,120 Speaker 1: very latest life at the bloomberg Stown Tucker Joanna Mornang 104 00:05:50,160 --> 00:05:52,800 Speaker 1: Garently it would be the biggest US rate hikes since 105 00:05:52,839 --> 00:05:56,800 Speaker 1: two thousand. Bloomberg Economics says what happens after that is 106 00:05:56,880 --> 00:06:00,839 Speaker 1: highly uncertain, and Citadel founder Ken Griffin's has fedhare j 107 00:06:01,000 --> 00:06:04,600 Speaker 1: Pal will actually be able to ease off monetary tightening 108 00:06:04,880 --> 00:06:09,400 Speaker 1: if inflation drops quickly, if the inflation is transitory, if 109 00:06:09,440 --> 00:06:11,719 Speaker 1: we are heading towards a four percent rate by the 110 00:06:11,800 --> 00:06:14,159 Speaker 1: end of the year. He has a lot more room 111 00:06:14,200 --> 00:06:18,560 Speaker 1: to maneuver rates in Ken Griffin spoke to Bloomberg at 112 00:06:18,560 --> 00:06:21,480 Speaker 1: the Milk and Global Conference in Beverly Hills. He added, 113 00:06:21,480 --> 00:06:24,479 Speaker 1: if inflation doesn't break soon, the FED will then have 114 00:06:24,560 --> 00:06:26,719 Speaker 1: to hit the brakes pretty hard, and that will put 115 00:06:26,800 --> 00:06:29,520 Speaker 1: us into recession. Live to New York. I'm John Tucker 116 00:06:29,520 --> 00:06:32,280 Speaker 1: Bloomberg Day Break, All right, John, Thanks, it's certain Amazon 117 00:06:32,360 --> 00:06:34,800 Speaker 1: now and a victory for the company in a New 118 00:06:34,880 --> 00:06:37,919 Speaker 1: York labor dispute. Bloomberg's Rneda Young joins us live with that. 119 00:06:37,960 --> 00:06:40,799 Speaker 1: Good morning, Nina, Good morning Nathan. Workers at a Staten 120 00:06:40,839 --> 00:06:44,559 Speaker 1: Island Amazon facility voted not to join an upstart union. 121 00:06:44,960 --> 00:06:47,520 Speaker 1: This comes just weeks after the group won a resounding 122 00:06:47,600 --> 00:06:50,960 Speaker 1: victory at a warehouse across the street. The most recent 123 00:06:51,080 --> 00:06:54,839 Speaker 1: election at a sorting center was not even close. The 124 00:06:54,839 --> 00:06:59,000 Speaker 1: Amazon labor union got just three yes votes to the six. 125 00:06:59,520 --> 00:07:03,960 Speaker 1: Eighteen Knows. It's welcome news for Amazon, which reported online 126 00:07:03,960 --> 00:07:08,120 Speaker 1: sales slowed and acknowledged it has too many workers. Live 127 00:07:08,160 --> 00:07:10,679 Speaker 1: in New York. I'm really need a Young Bloomberg daybreak, 128 00:07:10,880 --> 00:07:13,000 Speaker 1: all right, We need to thank you. Future is little 129 00:07:13,080 --> 00:07:15,880 Speaker 1: change to lower this morning. Straight ahead, your latest local 130 00:07:15,920 --> 00:07:23,480 Speaker 1: headlines and a check of sports. This is Bloomberg. It's 131 00:07:23,480 --> 00:07:25,520 Speaker 1: not five oh seven on Wall Street. We're fifty three 132 00:07:25,560 --> 00:07:28,000 Speaker 1: degrees in Central Park. The lower deck of the arizontal 133 00:07:28,040 --> 00:07:30,600 Speaker 1: bridge is closed both ways for construction. More on that 134 00:07:30,640 --> 00:07:32,880 Speaker 1: coming up in Traffic First Michael Barn with more on 135 00:07:32,920 --> 00:07:34,520 Speaker 1: what's going on in New York and around the world. 136 00:07:34,520 --> 00:07:36,760 Speaker 1: Good morning, Michael, Good morning Nathan. The spread of a 137 00:07:36,840 --> 00:07:40,840 Speaker 1: sub variant of the COVID omicron variant continues to push 138 00:07:40,920 --> 00:07:43,720 Speaker 1: up infection rates in New York City. It has now 139 00:07:43,840 --> 00:07:47,480 Speaker 1: moved into the medium risk alert level for COVID nineteen 140 00:07:47,520 --> 00:07:51,240 Speaker 1: and that means masking and indoor public areas is recommended. 141 00:07:51,520 --> 00:07:55,640 Speaker 1: This man lives in the Bronx concern. Said, people who 142 00:07:55,640 --> 00:07:57,480 Speaker 1: respect each other will be on top of each other. 143 00:07:57,600 --> 00:08:01,160 Speaker 1: Give yourself a little business. New York Mayor Eric Adams, 144 00:08:01,640 --> 00:08:04,480 Speaker 1: We're gonna pivot this ship and be honest when New 145 00:08:04,560 --> 00:08:06,800 Speaker 1: York has has me move forward. We're not there yet, 146 00:08:07,400 --> 00:08:10,400 Speaker 1: um of a based on whatever the analysis with the 147 00:08:10,480 --> 00:08:12,680 Speaker 1: medical team, We're want to make the decision to keep 148 00:08:12,680 --> 00:08:16,120 Speaker 1: our sitting up and operating. Many Or. Adams recently recovered 149 00:08:16,120 --> 00:08:19,840 Speaker 1: from COVID and said his symptoms were very mild vaccines 150 00:08:20,240 --> 00:08:22,600 Speaker 1: and boost his birth. I just had to tickle in 151 00:08:22,680 --> 00:08:25,080 Speaker 1: my throat. I was able to exercise in the morning, 152 00:08:25,560 --> 00:08:28,440 Speaker 1: no loss of breath and no conditions other than that. 153 00:08:28,920 --> 00:08:32,560 Speaker 1: And I think that we need to acknowledge of what 154 00:08:33,000 --> 00:08:35,920 Speaker 1: happened us to my case as a case study. Meanwhile, 155 00:08:35,960 --> 00:08:40,360 Speaker 1: Mayor Adams canceled his or channeled his AOC. This year's 156 00:08:40,400 --> 00:08:44,520 Speaker 1: met Gallen a tuxedo jacket that read end Gun Violence. 157 00:08:44,920 --> 00:08:48,200 Speaker 1: The jacket featured icons like the Brooklyn Bridge, as well 158 00:08:48,240 --> 00:08:50,800 Speaker 1: as a large handgun with the red slash through it. 159 00:08:51,160 --> 00:08:53,840 Speaker 1: Adams says the goal is to end gun violence and 160 00:08:53,920 --> 00:08:57,000 Speaker 1: save our children. Lawyers for Donald Trump say it is 161 00:08:57,080 --> 00:09:00,480 Speaker 1: unconscionable and indefensible for the acts president to be held 162 00:09:00,520 --> 00:09:03,520 Speaker 1: into contempt and find ten thousand dollars a day for 163 00:09:03,600 --> 00:09:07,080 Speaker 1: failing to turn over documents he doesn't possess. The lawyers 164 00:09:07,080 --> 00:09:09,520 Speaker 1: made the argument and a submission to a New York 165 00:09:09,559 --> 00:09:12,320 Speaker 1: state appeals court. It came a week after a state 166 00:09:12,400 --> 00:09:15,439 Speaker 1: Supreme Court judge said Trump and his lawyers failed to 167 00:09:15,480 --> 00:09:18,640 Speaker 1: show they conducted a proper search for records sought by 168 00:09:18,720 --> 00:09:21,680 Speaker 1: the state's attorney general and a civil probe of his 169 00:09:21,760 --> 00:09:25,040 Speaker 1: business dealings. Voters in Ohio head to the polls today, 170 00:09:25,080 --> 00:09:29,000 Speaker 1: and the state's hotly contested Senate primary, Jade Evans, endorsed 171 00:09:29,000 --> 00:09:31,880 Speaker 1: by Trump, is surging, but he pays his stiff competition, 172 00:09:31,920 --> 00:09:36,120 Speaker 1: including Trump allied Josh Mandel and Trump critic Matt Dolan. 173 00:09:36,600 --> 00:09:39,400 Speaker 1: More House Republicans say they will refuse to cooperate with 174 00:09:39,440 --> 00:09:44,160 Speaker 1: the January sixth investigation. Meanwhile, the fourth January six defendant 175 00:09:44,280 --> 00:09:46,720 Speaker 1: was found guilty in the jury trial stemming from the 176 00:09:46,760 --> 00:09:49,920 Speaker 1: Capitol attack. Former New York City cop Thomas Webster now 177 00:09:49,960 --> 00:09:53,559 Speaker 1: faces a potential years long prison sentence. Global News twenty 178 00:09:53,600 --> 00:09:56,360 Speaker 1: four hours a day on air and on Bloomberg Quicktake, 179 00:09:56,600 --> 00:09:59,319 Speaker 1: powered by more than twenty seven hundred journalist and analysts 180 00:09:59,400 --> 00:10:01,559 Speaker 1: more than a hundred other countries. I'm Michael Barr. This 181 00:10:01,600 --> 00:10:08,320 Speaker 1: is Bloomberg. Ain't it all right? Michael? Thank you almost 182 00:10:08,360 --> 00:10:10,280 Speaker 1: five ten on All Street time for the Bloomberg Sports 183 00:10:10,360 --> 00:10:12,760 Speaker 1: Update with John Stenshower. Thanks day. Than another night, another 184 00:10:12,840 --> 00:10:16,000 Speaker 1: Yankee victory, this one in Toronto where Labor Toros gave 185 00:10:16,000 --> 00:10:17,560 Speaker 1: the Yanks to leave with the two run homer and 186 00:10:17,559 --> 00:10:20,000 Speaker 1: then Toros broke it to two tie with a run 187 00:10:20,040 --> 00:10:21,920 Speaker 1: scoring here with two outs of the ninth didnt and 188 00:10:21,960 --> 00:10:24,400 Speaker 1: Aaron Brun's team won three to two, and I won 189 00:10:24,480 --> 00:10:26,720 Speaker 1: ten games in a row. Big night for Glabor the 190 00:10:26,760 --> 00:10:29,040 Speaker 1: homer and and a and a clutch hit there with 191 00:10:29,120 --> 00:10:32,240 Speaker 1: two outs. Um you know, big steel off the bench 192 00:10:32,280 --> 00:10:37,160 Speaker 1: from Lecastro. Pitching did their thing to limit them enough 193 00:10:37,840 --> 00:10:42,240 Speaker 1: um defense once again, they're they are to find anything 194 00:10:42,320 --> 00:10:44,240 Speaker 1: not going well right now for the team of the 195 00:10:44,280 --> 00:10:47,160 Speaker 1: best record the Major seventeen and six, the Yankees best 196 00:10:47,160 --> 00:10:49,520 Speaker 1: starts since two thousand three, Matt sent a to not 197 00:10:49,679 --> 00:10:52,280 Speaker 1: in leta city field Mark Canna home run, but Atlanta 198 00:10:52,480 --> 00:10:54,120 Speaker 1: came back to win five to two. The x met 199 00:10:54,240 --> 00:10:56,360 Speaker 1: Travis Darnault with a big two run double. The Mets, 200 00:10:56,400 --> 00:10:59,280 Speaker 1: like all teams, had to pair their roster to twenty six, 201 00:10:59,280 --> 00:11:02,240 Speaker 1: and they released Robinson Canoe despite still owning him about 202 00:11:02,280 --> 00:11:05,560 Speaker 1: forty million dollars. Canoe, now thirty nine years old, nowhere 203 00:11:05,600 --> 00:11:07,199 Speaker 1: near the player he was back in his days with 204 00:11:07,280 --> 00:11:09,960 Speaker 1: the Yankees. He served a year long drug substriension in 205 00:11:10,800 --> 00:11:13,400 Speaker 1: one It was such an impressive regular season for the Rangers, 206 00:11:13,440 --> 00:11:16,400 Speaker 1: fifty two wins, great production to the likes of Chris 207 00:11:16,480 --> 00:11:19,079 Speaker 1: Crowder r Tevy Panarin, and the goalie Igor sister, and 208 00:11:19,120 --> 00:11:22,000 Speaker 1: we'll see if it translates to the postseason Rangers in 209 00:11:22,080 --> 00:11:24,600 Speaker 1: Pittsburgh Game one at the Garden tonight. The Rangers played 210 00:11:24,600 --> 00:11:27,440 Speaker 1: the Penguins three times in a fairly recent two weeks 211 00:11:27,440 --> 00:11:29,920 Speaker 1: stretch and one all three game one wins last night 212 00:11:29,960 --> 00:11:33,360 Speaker 1: for Toronto, Carolina St. Louis and Los Angeles. And in 213 00:11:33,440 --> 00:11:36,480 Speaker 1: the NBA Miami beat Philadelphia Sixers had to play without 214 00:11:36,480 --> 00:11:39,480 Speaker 1: the injured Joe l MB. Phoenix took Game one from Dallas. 215 00:11:39,480 --> 00:11:41,920 Speaker 1: It's like forty five points by the maths Luke, the 216 00:11:42,000 --> 00:11:45,880 Speaker 1: donsers just John Stashward Bloomberg Sports. They think all right, John, Thanks. 217 00:11:45,920 --> 00:11:48,400 Speaker 1: Futures little changes. The thed gets ready to kick off 218 00:11:48,440 --> 00:11:50,560 Speaker 1: its main meeting right now. I SMP futures are up 219 00:11:50,600 --> 00:11:53,560 Speaker 1: one point, death futures down three, NESSECT futures down five. 220 00:11:53,600 --> 00:11:56,880 Speaker 1: The tenure treasury little change two percent. But a big 221 00:11:56,920 --> 00:12:01,320 Speaker 1: political change potentially coming with a leaked draft opinion from 222 00:12:01,320 --> 00:12:04,319 Speaker 1: the Supreme Court on abortion insights from Joe Matthew Next 223 00:12:07,440 --> 00:12:09,679 Speaker 1: Bloomberg eleven three oh Weather partly the mostly clouding with 224 00:12:09,679 --> 00:12:12,040 Speaker 1: a high her sixty five today, periods of rain tomorrow 225 00:12:12,080 --> 00:12:14,160 Speaker 1: with highs in the mid sixties, mostly sunny with a 226 00:12:14,240 --> 00:12:18,360 Speaker 1: high near seventy on Thursday, currently fifty three degrees, partly 227 00:12:18,360 --> 00:12:24,640 Speaker 1: cloudy in Central Park. Markets. Headlines and breaking news twenty 228 00:12:24,640 --> 00:12:27,480 Speaker 1: four hours a day at Bloomberg dot Com. The Bloomberg 229 00:12:27,520 --> 00:12:37,439 Speaker 1: Business at Hand at Bloomberg Quicktake. She's a Bloomberg business flash, 230 00:12:37,920 --> 00:12:40,760 Speaker 1: and I'm Cameron Moscow In U stock index futures are 231 00:12:40,800 --> 00:12:44,000 Speaker 1: little change this morning. Investors racing for the biggest US 232 00:12:44,120 --> 00:12:46,840 Speaker 1: rate hikes since two thousand and a wave of policy 233 00:12:46,880 --> 00:12:49,960 Speaker 1: tightening by other central banks to dip buying, sending stocks 234 00:12:49,960 --> 00:12:53,040 Speaker 1: in Europe higher. Check the markets every fifteen minutes throughout 235 00:12:53,040 --> 00:12:56,840 Speaker 1: the trading day. On Bloomberg SMP futures again little change 236 00:12:56,880 --> 00:12:59,719 Speaker 1: this morning, along with dowin NASDACK futures, the decks and 237 00:12:59,800 --> 00:13:02,080 Speaker 1: jury Man. He is up about six tenths of upper set. 238 00:13:02,240 --> 00:13:04,559 Speaker 1: Can your treasury that will change yield two point on 239 00:13:04,760 --> 00:13:07,680 Speaker 1: seven percent, yield on the two year two point seven 240 00:13:07,800 --> 00:13:10,880 Speaker 1: six percent. N X Scrude oil is down one percent 241 00:13:10,960 --> 00:13:13,360 Speaker 1: on a dollar two at a hundred four dollars eighteen 242 00:13:13,440 --> 00:13:16,320 Speaker 1: cents a barrel. That's a Bloomberg business flash. Now here's 243 00:13:16,320 --> 00:13:19,120 Speaker 1: Michael Barr with more on what's going on around the world. Michael, 244 00:13:19,120 --> 00:13:22,400 Speaker 1: good morning, Good morning, Karen. A draft opinion suggests the U. S. 245 00:13:22,400 --> 00:13:27,040 Speaker 1: Supreme Court could be poised to overturn the landmark three 246 00:13:27,120 --> 00:13:31,480 Speaker 1: Real v. Wade case that legalized abortion nationwide. That's according 247 00:13:31,480 --> 00:13:34,839 Speaker 1: to a political report. A decision to over rule Row 248 00:13:35,120 --> 00:13:38,000 Speaker 1: would lead to abortion bands and roughly half the states, 249 00:13:38,240 --> 00:13:41,680 Speaker 1: and couldn't have huge ramifications for this year's elections. It's 250 00:13:41,760 --> 00:13:45,000 Speaker 1: unclear if the draft represents the Court's final word on 251 00:13:45,040 --> 00:13:47,920 Speaker 1: the matter. A mass of fire is burning at a 252 00:13:48,000 --> 00:13:52,560 Speaker 1: steel plan in Mariupol. Potentially hundreds of people remain trapped 253 00:13:52,559 --> 00:13:56,160 Speaker 1: there under bombardment by the Russians. In baseball, the Yankees 254 00:13:56,240 --> 00:13:59,239 Speaker 1: one the Mets lost, along with the Orioles and A's. 255 00:13:59,280 --> 00:14:02,400 Speaker 1: In the NHL playoffs, the Hurricanes skated past the Bruins 256 00:14:02,400 --> 00:14:05,200 Speaker 1: and game one of their series five one. Global News 257 00:14:05,280 --> 00:14:08,120 Speaker 1: twenty four hours a day on air and on Bloomberg 258 00:14:08,200 --> 00:14:11,240 Speaker 1: Quick Take, powered by more than twenty seven under journalist 259 00:14:11,280 --> 00:14:13,840 Speaker 1: and analysts, are more than a hundred twenty countries. Michael 260 00:14:13,840 --> 00:14:16,480 Speaker 1: barn this is Bloomberg. Nathan all right, Michael, Thanks, It's 261 00:14:16,480 --> 00:14:19,160 Speaker 1: five nineteen on Wall Street Live from the Bloomberg Interactive 262 00:14:19,160 --> 00:14:22,120 Speaker 1: Broker Studios. This is Bloomberg day Break, and let's get 263 00:14:22,160 --> 00:14:25,720 Speaker 1: more on this draft opinion on abortion rights obtained by Politico. 264 00:14:25,880 --> 00:14:29,760 Speaker 1: Joe Matthew joins us now Bloomberg Washington correspondent, host of 265 00:14:29,880 --> 00:14:33,040 Speaker 1: sound on here on Bloomberg Radio. Joe, there are lots 266 00:14:33,040 --> 00:14:34,760 Speaker 1: of ways we could take this. We could start with 267 00:14:34,880 --> 00:14:38,840 Speaker 1: the league. We could talk about the potential huge change 268 00:14:38,880 --> 00:14:41,360 Speaker 1: in precedent in the Supreme Court. We could talk about 269 00:14:41,400 --> 00:14:45,120 Speaker 1: what the implications for the mid terms and elections beyond. 270 00:14:46,440 --> 00:14:48,600 Speaker 1: Tough to know where to start here, Joe, Yeah, well, 271 00:14:48,600 --> 00:14:50,240 Speaker 1: how about we talk about them all. I mean, this 272 00:14:50,320 --> 00:14:53,080 Speaker 1: is a seismic development here that a lot of people 273 00:14:53,120 --> 00:14:56,480 Speaker 1: are gonna be waking up to this morning, resonating in Washington. 274 00:14:56,480 --> 00:14:59,600 Speaker 1: You saw about a thousand people out of nowhere Nathan 275 00:15:00,000 --> 00:15:02,680 Speaker 1: show up in front of the Supreme Court last night. Uh, 276 00:15:02,720 --> 00:15:06,840 Speaker 1: this will be impacting around the country. Though, even though 277 00:15:06,880 --> 00:15:08,280 Speaker 1: this is not a ruling, and we want to be 278 00:15:08,320 --> 00:15:11,280 Speaker 1: clear to our listeners about this, this is a draft 279 00:15:11,320 --> 00:15:15,000 Speaker 1: opinion and justices can still change their votes and we 280 00:15:15,040 --> 00:15:17,360 Speaker 1: have seen that, although I mean, come on, this is 281 00:15:17,440 --> 00:15:20,520 Speaker 1: such a major and overriding issue that it's hard to 282 00:15:20,560 --> 00:15:22,920 Speaker 1: think anybody is still, you know, trying to change their 283 00:15:22,960 --> 00:15:25,520 Speaker 1: minds or or arrive at an opinion on this. Certainly 284 00:15:25,520 --> 00:15:28,720 Speaker 1: on the Supreme Court, we do expect ruling come July. 285 00:15:28,880 --> 00:15:32,240 Speaker 1: Nathan could come before that. If Republican appointed justices do 286 00:15:32,360 --> 00:15:35,040 Speaker 1: stand by their positions here, it would effectively ban abortion 287 00:15:35,480 --> 00:15:39,360 Speaker 1: in half the country, twenty states. Essentially, what Justice Alito 288 00:15:39,480 --> 00:15:41,520 Speaker 1: is is saying here, what he's writing is that Roe 289 00:15:41,640 --> 00:15:45,640 Speaker 1: was flawed in its concept because states hold the authority 290 00:15:45,720 --> 00:15:49,160 Speaker 1: to regulate or prohibit abortion. He says, he writes that 291 00:15:49,240 --> 00:15:52,840 Speaker 1: we now quote return that authority to the people, and 292 00:15:52,880 --> 00:15:57,880 Speaker 1: they're elected representatives unquote. Yeah, and uh. One reaction we've 293 00:15:57,920 --> 00:16:02,560 Speaker 1: heard from top Democrats attic leaders on Capitol Hill is 294 00:16:02,680 --> 00:16:06,920 Speaker 1: that when a number of these justices that were appointed 295 00:16:06,920 --> 00:16:11,760 Speaker 1: by Republican presidents came before the Senate for confirmation, they 296 00:16:11,800 --> 00:16:15,880 Speaker 1: said that Row was settled precedent. This seems to overturn 297 00:16:15,920 --> 00:16:18,480 Speaker 1: that entirely. Well, that's true. And you also get a 298 00:16:18,520 --> 00:16:21,800 Speaker 1: sense now why they dance around these issues in in 299 00:16:22,280 --> 00:16:25,360 Speaker 1: these hearings because they may in fact have to rule 300 00:16:25,480 --> 00:16:28,840 Speaker 1: on this. Uh. It's it's pretty remarkable. We don't know 301 00:16:28,920 --> 00:16:31,960 Speaker 1: exactly how the Chief Justice is going to weigh in here. 302 00:16:32,040 --> 00:16:33,920 Speaker 1: That's that's one thing that is unclear. But the three 303 00:16:33,960 --> 00:16:37,440 Speaker 1: Democratic appointees, the three liberal justices, if you will, are 304 00:16:37,560 --> 00:16:40,600 Speaker 1: planning two dissents, and it's just it's gonna be a 305 00:16:40,680 --> 00:16:43,000 Speaker 1: question of how they approached that language and how long 306 00:16:43,000 --> 00:16:45,320 Speaker 1: it's gonna take to see it. Well, you said that 307 00:16:45,640 --> 00:16:48,880 Speaker 1: there there's precedent for Supreme Court justices to change their 308 00:16:48,920 --> 00:16:51,960 Speaker 1: opinions that we've seen that in the past. One thing 309 00:16:52,000 --> 00:16:53,960 Speaker 1: we haven't seen, though, is for a leak like this 310 00:16:54,080 --> 00:16:57,640 Speaker 1: to come out that's so early before and a decision 311 00:16:57,720 --> 00:16:59,880 Speaker 1: is expected. We would have expected a decision like this 312 00:17:00,040 --> 00:17:02,520 Speaker 1: to come at the very end of the early it's 313 00:17:02,520 --> 00:17:05,480 Speaker 1: nearly two months away. And the actual draft itself. I mean, 314 00:17:05,480 --> 00:17:08,840 Speaker 1: people are clicking through a ninety eight page pdf this morning, Nathan. 315 00:17:08,880 --> 00:17:13,360 Speaker 1: This is not just you know sources tell Bloomberg Politico 316 00:17:13,480 --> 00:17:17,880 Speaker 1: has learned. This is the actual document. Uh, eight pages, 317 00:17:17,960 --> 00:17:21,080 Speaker 1: a whole lot of footnotes. You can really understand where 318 00:17:21,080 --> 00:17:23,639 Speaker 1: this is going here, and it would be remarkable, Uh 319 00:17:23,720 --> 00:17:26,480 Speaker 1: if all of this changed. Uh, there are gonna be 320 00:17:26,520 --> 00:17:28,600 Speaker 1: a lot of questions today about how this plays into 321 00:17:28,640 --> 00:17:31,720 Speaker 1: the midterms. The political implications are huge. If you want 322 00:17:31,720 --> 00:17:34,440 Speaker 1: to talk about seismic The ground is shifting under our 323 00:17:34,440 --> 00:17:39,280 Speaker 1: feet here on the eve of the next big h primary. 324 00:17:39,359 --> 00:17:41,800 Speaker 1: This came out today. We have Ohio and Indiana voting, 325 00:17:42,200 --> 00:17:44,359 Speaker 1: and throughout the course of May, we're gonna have big 326 00:17:44,400 --> 00:17:47,480 Speaker 1: states Pennsylvania, Georgia, the states that will likely help to 327 00:17:47,560 --> 00:17:50,919 Speaker 1: decide control of the Senate. And this is a major 328 00:17:50,960 --> 00:17:54,000 Speaker 1: wrench in the works. It changes the calculus for these campaigns. 329 00:17:54,040 --> 00:17:56,439 Speaker 1: How much so does this change the calculus when you 330 00:17:56,480 --> 00:18:00,840 Speaker 1: have the overriding issue, at least up to now, inflation 331 00:18:01,080 --> 00:18:05,159 Speaker 1: in this country. Does this supersede that? Do you think it? 332 00:18:05,240 --> 00:18:09,040 Speaker 1: Certainly can. It promises to turn a lot of people, 333 00:18:09,160 --> 00:18:12,159 Speaker 1: we don't know how many into single issue voters on 334 00:18:12,240 --> 00:18:15,040 Speaker 1: both sides. There's just this is the ultimate third rail 335 00:18:15,560 --> 00:18:18,440 Speaker 1: in politics. We know that a wide majority of Americans 336 00:18:18,480 --> 00:18:23,800 Speaker 1: opposed revoking rov Wade. Only one in five voters support 337 00:18:23,880 --> 00:18:27,399 Speaker 1: making abortion illegal in all circumstances, as we've seen in 338 00:18:27,400 --> 00:18:30,880 Speaker 1: a number of states. Uh, not that just just recently. 339 00:18:31,520 --> 00:18:36,040 Speaker 1: But it could override inflation, It could override jobs, the 340 00:18:36,119 --> 00:18:39,320 Speaker 1: recovery from COVID. At the polls, I would expect to 341 00:18:39,400 --> 00:18:43,600 Speaker 1: see the biggest march on Washington that we've ever seen, Nathan. 342 00:18:43,640 --> 00:18:47,200 Speaker 1: These are the kind of things that interrupt the conversation, 343 00:18:48,040 --> 00:18:50,919 Speaker 1: change people's focus. And this is going to be a 344 00:18:50,920 --> 00:18:53,680 Speaker 1: big one. And in our last thirty seconds here, Joe, 345 00:18:53,720 --> 00:18:58,080 Speaker 1: does this put more pressure on among conservative I'm sorry, 346 00:18:58,080 --> 00:19:02,639 Speaker 1: among progressives to put more pressure on the Senate to 347 00:19:02,880 --> 00:19:06,840 Speaker 1: overturn the filibuster? Well? Yes, the problem is that they 348 00:19:07,240 --> 00:19:11,000 Speaker 1: don't likely have uh the support to do that here 349 00:19:11,080 --> 00:19:14,159 Speaker 1: and and you know, Joe Mansion has not been in 350 00:19:14,200 --> 00:19:16,480 Speaker 1: favor of that. I can't imagine that this is going 351 00:19:16,560 --> 00:19:18,560 Speaker 1: to change his stand on that. What it will do 352 00:19:18,680 --> 00:19:21,680 Speaker 1: is prompt Well, you know, as I mentioned, twenty six 353 00:19:21,680 --> 00:19:25,679 Speaker 1: states are likely to make abortion illegal because of this. 354 00:19:25,840 --> 00:19:27,760 Speaker 1: The rest of them will likely be busy in their 355 00:19:27,760 --> 00:19:30,720 Speaker 1: state houses, and many of them have done this preemptively, 356 00:19:31,400 --> 00:19:36,359 Speaker 1: following some of these Supreme Court appointees to to at 357 00:19:36,440 --> 00:19:41,280 Speaker 1: least on the state level, keep abortion access a reality. 358 00:19:41,600 --> 00:19:44,640 Speaker 1: Just this week we saw Oklahoma signed in a restrictive 359 00:19:44,640 --> 00:19:47,680 Speaker 1: abortion ar Yeah, Oklahoma were signed an a strict restrictive 360 00:19:47,680 --> 00:19:50,480 Speaker 1: abortion law. Joe Matthew, host of Sound on Here on 361 00:19:50,560 --> 00:19:53,000 Speaker 1: Bloomberg Radio, is gonna be back here with us later 362 00:19:53,000 --> 00:19:55,199 Speaker 1: on in the show to talk more about this, as 363 00:19:55,280 --> 00:19:58,040 Speaker 1: well as the midterm primaries coming up today in Ohio 364 00:19:58,080 --> 00:20:01,960 Speaker 1: and President Biden heading to al Bama to boost the javelin. 365 00:20:02,040 --> 00:20:07,920 Speaker 1: It's all straight ahead here on Bloomberg day Break, Bloomberg 366 00:20:07,960 --> 00:20:09,960 Speaker 1: eleven three oh Weather partly mostly cloudy with a high 367 00:20:09,960 --> 00:20:12,560 Speaker 1: in the mid sixties today, periods of rain Tomorrow, high 368 00:20:12,600 --> 00:20:14,919 Speaker 1: around sixty five degrees. It will be mostly sunny with 369 00:20:14,920 --> 00:20:18,240 Speaker 1: a high near seventy on Thursday. Right now fifty two 370 00:20:18,240 --> 00:20:25,200 Speaker 1: degrees in Central Park. Broadcasting live from the Bloomberg Interactive 371 00:20:25,240 --> 00:20:29,080 Speaker 1: Broker Studio in New York. Bloomberg E Living Freedom to Washington, 372 00:20:29,160 --> 00:20:33,280 Speaker 1: d C, Bloomberg to Boston, Bloomberg one O six one 373 00:20:33,359 --> 00:20:36,840 Speaker 1: to San Francisco, Bloomberg N sixteen to the country, Sirius 374 00:20:37,000 --> 00:20:39,600 Speaker 1: XM to the one nineteen and around the globe, the 375 00:20:39,600 --> 00:20:48,760 Speaker 1: Bloomberg Business and Bloomberg Radio dot Com. This is Bloomberg Daybreak. 376 00:20:50,640 --> 00:20:52,720 Speaker 1: It's five thirty on Wall Street. Good morning. I'm Nathan 377 00:20:52,720 --> 00:20:56,280 Speaker 1: Hagar and I'm Karen Moscow. Just about four hours away 378 00:20:56,280 --> 00:20:58,320 Speaker 1: from the open of US training. Let's get you have 379 00:20:58,320 --> 00:20:59,680 Speaker 1: to date on the news. You need to know what 380 00:20:59,800 --> 00:21:07,240 Speaker 1: this hour beginning in Washington, Protesters outside Dispreme Court overnight, 381 00:21:07,320 --> 00:21:11,000 Speaker 1: reacting to a leak a draft opinion published by Politico 382 00:21:11,119 --> 00:21:14,919 Speaker 1: I suggest the High Court is preparing to overturn Roe v. Wade. 383 00:21:15,119 --> 00:21:20,000 Speaker 1: Bloomberg Lawn reporter Joan Grasso says the leak itself is unprecedented. 384 00:21:20,160 --> 00:21:23,320 Speaker 1: Anyone who listened to the oral arguments knew that Roe v. 385 00:21:23,480 --> 00:21:27,160 Speaker 1: Wade was either going to be severely limited or overturned. 386 00:21:27,359 --> 00:21:31,360 Speaker 1: So it's not so shocking what Justice Alito is saying here. 387 00:21:31,400 --> 00:21:35,760 Speaker 1: What is shocking is that this was this draft was released. 388 00:21:35,800 --> 00:21:38,200 Speaker 1: This has never happened in the history of the Court, 389 00:21:38,600 --> 00:21:42,359 Speaker 1: despite so many, you know, different opinions that were really 390 00:21:42,480 --> 00:21:46,120 Speaker 1: politically can you with Bloomberg's jarn Grasso says this could 391 00:21:46,119 --> 00:21:48,840 Speaker 1: become a major issue for the mid term elections. Well. 392 00:21:48,880 --> 00:21:52,320 Speaker 1: Turning Overseas now, Karen British Prime Minister Boris Johnson addresses 393 00:21:52,440 --> 00:21:55,480 Speaker 1: Ukraine's parliament today. It comes as the UK announces more 394 00:21:55,520 --> 00:21:58,600 Speaker 1: military aid. Here in the US, Congress is debating a 395 00:21:58,640 --> 00:22:02,360 Speaker 1: bill that would authorize US military force if Russia were 396 00:22:02,359 --> 00:22:05,080 Speaker 1: to use weapons of mass destruction in the war, and 397 00:22:05,119 --> 00:22:07,320 Speaker 1: on Wall Street, City Group says it is an active 398 00:22:07,320 --> 00:22:11,040 Speaker 1: dialogue to sell its banking operations in Russia. Now let's 399 00:22:11,040 --> 00:22:13,240 Speaker 1: turn to the Fed, Nathan, which begins it's two day 400 00:22:13,280 --> 00:22:16,200 Speaker 1: policy meeting today. The Central Bank is widely expected to 401 00:22:16,280 --> 00:22:19,679 Speaker 1: hike interest rates at tomorrow's decision, and bloomberghs John Tucker 402 00:22:19,760 --> 00:22:22,159 Speaker 1: joins us live at the latest. Good morning, John, And 403 00:22:22,240 --> 00:22:25,440 Speaker 1: the Central Bank set a hike by half a percentage point. 404 00:22:25,880 --> 00:22:29,399 Speaker 1: What happens after that is highly uncertain. Bloomberg Economics is 405 00:22:29,680 --> 00:22:34,160 Speaker 1: recently we've seen glimmers of disinflationary forces working through the economy. 406 00:22:34,480 --> 00:22:36,960 Speaker 1: If they accelerate, we could see the Fed making only 407 00:22:37,000 --> 00:22:40,840 Speaker 1: a few more measured hikes. Tomorrow's guidance from Fed share 408 00:22:40,960 --> 00:22:43,879 Speaker 1: j Pale will be key for global rates. Live in 409 00:22:43,920 --> 00:22:47,000 Speaker 1: New York on John Tucker Bloomberg Daybreak. All right, John, Thanks, 410 00:22:47,000 --> 00:22:49,800 Speaker 1: and in New York this morning. A labor victory for Amazon. 411 00:22:49,880 --> 00:22:51,960 Speaker 1: To get the details on that line from Bloomberg's You 412 00:22:52,040 --> 00:22:54,360 Speaker 1: Need a Young Good morning, gran Good morning, Nathan. Workers 413 00:22:54,359 --> 00:22:57,600 Speaker 1: at a Staten Island Amazon facility voted not to join 414 00:22:57,680 --> 00:23:00,280 Speaker 1: an upstart union, just weeks after the group won a 415 00:23:00,320 --> 00:23:03,880 Speaker 1: resounding victory. Had a warehouse across the street in this 416 00:23:03,960 --> 00:23:08,320 Speaker 1: most recent election, the Amazon labor union got just yes 417 00:23:08,440 --> 00:23:12,320 Speaker 1: votes to six D eighteen knows. It's a welcome news 418 00:23:12,560 --> 00:23:17,160 Speaker 1: for Amazon, which just reported slowed online sales and acknowledged 419 00:23:17,200 --> 00:23:20,120 Speaker 1: it has too many workers live in New York. I'm 420 00:23:20,160 --> 00:23:23,080 Speaker 1: Renita Young, Bloomberg daybreak, al right, rened to thank you, 421 00:23:23,160 --> 00:23:26,560 Speaker 1: and futures this morning are little change. Tenure. Treasury is 422 00:23:26,600 --> 00:23:29,480 Speaker 1: as well the Yale two point straight to hand your 423 00:23:29,520 --> 00:23:32,560 Speaker 1: latest local headlines plus a check of sports. And this 424 00:23:33,200 --> 00:23:40,640 Speaker 1: is Bloomberg. Thanks three on Wall Street where fifty two 425 00:23:40,640 --> 00:23:43,800 Speaker 1: degrees in Central Park and accident has is on the 426 00:23:43,920 --> 00:23:46,240 Speaker 1: northbound FDR Drive at seventy ninth Street, and we have 427 00:23:46,320 --> 00:23:49,720 Speaker 1: construction on the southbound eastern spur the New Jersey Turnpike. 428 00:23:50,080 --> 00:23:52,480 Speaker 1: Details on all that coming up in traffic. First Michael 429 00:23:52,480 --> 00:23:54,360 Speaker 1: Barr with more on what's going on in New York 430 00:23:54,400 --> 00:23:56,800 Speaker 1: and around the world. Michael, thank you very much. Nathan. 431 00:23:56,800 --> 00:23:59,600 Speaker 1: New York City has now moved into the medium risk 432 00:23:59,640 --> 00:24:03,560 Speaker 1: alert level for COVID nineteen. That means masking in public 433 00:24:03,600 --> 00:24:07,560 Speaker 1: indoor areas is recommended, though not required. New York Governor 434 00:24:07,640 --> 00:24:11,640 Speaker 1: Kanthy Hokel said despite the city moving to the next alert, 435 00:24:12,200 --> 00:24:15,119 Speaker 1: there are no plans for shutdowns. I'm not here to 436 00:24:15,119 --> 00:24:17,200 Speaker 1: stand here and say we're looking at shutdowns. I've said 437 00:24:17,200 --> 00:24:20,040 Speaker 1: I'm going to protect the health of New Yorkers, particularly 438 00:24:20,080 --> 00:24:23,000 Speaker 1: get vaccine and get boosting, get lots of test supplies. 439 00:24:23,480 --> 00:24:26,960 Speaker 1: New York Mayor Eric Adams agrees with Governor hokel let's 440 00:24:26,960 --> 00:24:32,920 Speaker 1: say necessary precaution every step when mask of get vaccinated, 441 00:24:33,119 --> 00:24:36,879 Speaker 1: get boosted, and we can weather it is storm later. 442 00:24:37,160 --> 00:24:40,920 Speaker 1: Mayor Eric Adams attended last night's met galen a tuxedo 443 00:24:41,000 --> 00:24:45,280 Speaker 1: jacket that read end gun Violence. The jacket featured architectural 444 00:24:45,480 --> 00:24:48,480 Speaker 1: icons like the Brooklyn Bridge and christ The Building, along 445 00:24:48,480 --> 00:24:50,439 Speaker 1: with the M t A logo, as well as a 446 00:24:50,520 --> 00:24:53,240 Speaker 1: large hand gun with a red slash through it. And 447 00:24:53,240 --> 00:24:55,640 Speaker 1: I want to say as we celebrate tonight, to stay 448 00:24:55,720 --> 00:24:57,760 Speaker 1: focus that we have a lot of rook to do 449 00:24:57,880 --> 00:25:02,320 Speaker 1: tomorrow today to celebrate, but tomorrow we get together and 450 00:25:02,359 --> 00:25:05,840 Speaker 1: fill out returning our city to the prosperity that he deserved. 451 00:25:05,960 --> 00:25:07,800 Speaker 1: That's my role as the mayor of the city. Mayor 452 00:25:07,840 --> 00:25:10,280 Speaker 1: Adams says, our goal is to end gun violence and 453 00:25:10,320 --> 00:25:13,719 Speaker 1: save our children. Ohio Republicans will vote today and one 454 00:25:13,720 --> 00:25:16,480 Speaker 1: of the most closely watched Senate primaries in the nation. 455 00:25:17,000 --> 00:25:20,360 Speaker 1: Author and venture capitalist j d Vance is seen as 456 00:25:20,440 --> 00:25:23,520 Speaker 1: the GOP front runner in the race to replace retiring 457 00:25:23,560 --> 00:25:27,600 Speaker 1: Senator Rob Portman, after receiving former President Donald Trump's endorsement. 458 00:25:27,960 --> 00:25:31,200 Speaker 1: The winner is likely to face ten term Democratic Congressman 459 00:25:31,240 --> 00:25:34,920 Speaker 1: Jim Ryan in November. And Alabama corrections officer fifty six 460 00:25:35,000 --> 00:25:38,000 Speaker 1: year old Vicky White is wanted for allegedly helping a 461 00:25:38,040 --> 00:25:41,080 Speaker 1: convicted murderer, Casey White escape. The two are not related. 462 00:25:41,440 --> 00:25:44,040 Speaker 1: Her mother says Vicky White called her that morning the 463 00:25:44,119 --> 00:25:46,680 Speaker 1: check on her dog. I doubt she's a raging head 464 00:25:46,720 --> 00:25:50,000 Speaker 1: of spading ticket, but I mean she's always been what 465 00:25:50,200 --> 00:25:53,960 Speaker 1: i'd say, a good person, And like I said, this 466 00:25:54,040 --> 00:25:57,160 Speaker 1: is all a shock. Pat Davis later learned her daughter 467 00:25:57,359 --> 00:26:01,200 Speaker 1: had disappeared. Vicky White was a seventeen year Actions Department veteran. 468 00:26:01,600 --> 00:26:05,400 Speaker 1: The nation's Transportation Secretary answers questions from Congress today about 469 00:26:05,440 --> 00:26:09,000 Speaker 1: supply and chain disruptions still slowing delivery of products in 470 00:26:09,040 --> 00:26:12,280 Speaker 1: some cities. Secretary of Pete Boutigit would testify before the 471 00:26:12,280 --> 00:26:15,800 Speaker 1: Senate Commerce Committee. Global News twenty four hours a day 472 00:26:15,840 --> 00:26:18,560 Speaker 1: on air and on Bloomberg Quick Take Power by more 473 00:26:18,600 --> 00:26:20,800 Speaker 1: than twenty seven hunt the journalist and analysts in more 474 00:26:20,800 --> 00:26:24,240 Speaker 1: than a hundred twenty countries. Michael Barr, this is Bloomberg, Nathan, Michael, 475 00:26:24,240 --> 00:26:30,760 Speaker 1: thank you. It's almost five thirty six on Wall Street. 476 00:26:30,760 --> 00:26:33,840 Speaker 1: Time for the Bloomberg Sports Update with John Stashow Yanks Nathan. 477 00:26:33,920 --> 00:26:36,280 Speaker 1: Ten straight wins now for the Yankees, and while the 478 00:26:36,320 --> 00:26:39,720 Speaker 1: first nine were again somewhat subpar teams, Toronto began this 479 00:26:39,760 --> 00:26:41,480 Speaker 1: series right on the Yanks feels as the game and 480 00:26:41,520 --> 00:26:44,240 Speaker 1: half behind, and the Yanks able to win the series 481 00:26:44,320 --> 00:26:47,080 Speaker 1: opener in Toronto three to two over the Blue Jay's labor. 482 00:26:47,160 --> 00:26:50,119 Speaker 1: Torres the hero to run homer than a tie breaking 483 00:26:50,280 --> 00:26:52,240 Speaker 1: RBI single with two outs of the ninth that in 484 00:26:52,280 --> 00:26:55,879 Speaker 1: the bullpen, again outstanding. The yanks seventeen and six record 485 00:26:55,960 --> 00:26:57,800 Speaker 1: is the best of the majors. It's their best start 486 00:26:58,119 --> 00:27:00,480 Speaker 1: since two thousand three. Mets lost It's any Field in 487 00:27:00,560 --> 00:27:03,159 Speaker 1: Atlanta five to three. They made the decision to release 488 00:27:03,280 --> 00:27:06,840 Speaker 1: Robinson Canoe despite having two years about forty million dollars 489 00:27:06,920 --> 00:27:09,440 Speaker 1: left on that ten year contract that Canoe signed the 490 00:27:09,520 --> 00:27:12,560 Speaker 1: Seattle when he left the Yankees. Brody van wagen On 491 00:27:12,680 --> 00:27:15,840 Speaker 1: negotiated that contract when he was Canoe's agent, and then 492 00:27:15,880 --> 00:27:17,359 Speaker 1: he brought him to New York when he was the 493 00:27:17,400 --> 00:27:20,280 Speaker 1: Mets general manager, and now he's back as Cano's agent. 494 00:27:20,320 --> 00:27:22,280 Speaker 1: You'll trying to get Canoe another job a team that 495 00:27:22,400 --> 00:27:24,840 Speaker 1: claims him when he has to pay him the minimum salary. 496 00:27:25,320 --> 00:27:27,320 Speaker 1: Opening night at the Stanley Cup Playoffs, Tampa Bay has 497 00:27:27,359 --> 00:27:30,600 Speaker 1: won the last two Cups, but lost five nothing in Toronto. 498 00:27:30,720 --> 00:27:33,720 Speaker 1: Carolina beat Boston St. Louis shut out in Minnesota l 499 00:27:33,840 --> 00:27:36,399 Speaker 1: A with a late goal one in Edmonton Rangers. In 500 00:27:36,480 --> 00:27:39,359 Speaker 1: Penguins Game one tonight at the Garden, Rangers coach Gerard 501 00:27:39,400 --> 00:27:42,359 Speaker 1: Gallant asked about Pittsburgh star player. We an't know what 502 00:27:42,480 --> 00:27:44,600 Speaker 1: kind of player he is, but we're gonna worry with 503 00:27:44,760 --> 00:27:46,560 Speaker 1: Cindy the Sydney, then we're gonna have a tough time. 504 00:27:46,640 --> 00:27:48,280 Speaker 1: I mean, Sydney is gonna be great player, He's gonna 505 00:27:48,320 --> 00:27:50,320 Speaker 1: do his thing. But they got a good team over there. 506 00:27:50,359 --> 00:27:52,600 Speaker 1: So there's a lot more than Sydney Clasby. And we 507 00:27:52,680 --> 00:27:55,119 Speaker 1: don't look at one one one player and identify that. 508 00:27:55,640 --> 00:27:57,520 Speaker 1: Maybe we'll look at the line and identify that as 509 00:27:57,520 --> 00:28:00,359 Speaker 1: a really important line. But all the good team and 510 00:28:00,760 --> 00:28:03,000 Speaker 1: I want us to keep planning the way the New 511 00:28:03,080 --> 00:28:05,639 Speaker 1: York Rangers in the Rangers not one of playoff series 512 00:28:05,760 --> 00:28:09,280 Speaker 1: or even games and stew thousand seventeen NBA playoffs after 513 00:28:09,400 --> 00:28:11,520 Speaker 1: Game one wins Sunday by the road teams. The home 514 00:28:11,560 --> 00:28:14,520 Speaker 1: teams won last night in Miami and Phoenix. John Stas 515 00:28:14,760 --> 00:28:17,879 Speaker 1: with Bloomberg Sports. Thank you John seven on Wall Street 516 00:28:17,880 --> 00:28:20,520 Speaker 1: time for the Tri State Business Report. Here's Bloomberg said. 517 00:28:20,600 --> 00:28:24,920 Speaker 1: Corey HSBC Bank USA is moving its headquarters to a 518 00:28:25,040 --> 00:28:28,960 Speaker 1: tower that's nearing completion in Manhattan's Hudson Yards district. The 519 00:28:29,119 --> 00:28:31,840 Speaker 1: U S subsidiary of the London based bank, assigned a 520 00:28:31,920 --> 00:28:35,000 Speaker 1: twenty year lease for two hundred sixty five thousand square 521 00:28:35,000 --> 00:28:39,000 Speaker 1: feet at the Spiral sixty five story skyscraper being built 522 00:28:39,040 --> 00:28:43,640 Speaker 1: by Tishman Speyer. New York's famed Waldorf Astoria Hotels struggling 523 00:28:43,720 --> 00:28:46,480 Speaker 1: to complete its plan for converting hundreds of guest rooms 524 00:28:46,520 --> 00:28:50,440 Speaker 1: into luxury residences. China's on Bang Insurance Group bought the 525 00:28:50,520 --> 00:28:53,680 Speaker 1: hotel in fifteen and closed it two years later for 526 00:28:53,720 --> 00:28:56,800 Speaker 1: the renovation. Sources tell the Ball Street Journal the project 527 00:28:56,880 --> 00:29:01,480 Speaker 1: could continue into four A poll from Stockton University finds 528 00:29:01,560 --> 00:29:04,800 Speaker 1: most adult New Jersey residents are in favor of a 529 00:29:04,920 --> 00:29:09,720 Speaker 1: proposal demands smoking inside of Atlantic City casinos. Survey finds 530 00:29:09,800 --> 00:29:12,560 Speaker 1: that just over sixty two percent of New Jersey residents 531 00:29:12,600 --> 00:29:16,240 Speaker 1: support the smoking band bill. That your Bloomberg Drying State 532 00:29:16,320 --> 00:29:19,160 Speaker 1: Business Report. I'm in Corey. Thanks that It's five thirty 533 00:29:19,160 --> 00:29:21,280 Speaker 1: eight on Wall Street. Bloomberg Radio is on the air 534 00:29:21,360 --> 00:29:24,160 Speaker 1: from San Francisco to New York, London to Hong Kong. 535 00:29:24,320 --> 00:29:26,240 Speaker 1: Let's check in with our global news team for some 536 00:29:26,360 --> 00:29:28,720 Speaker 1: of the top stories hurt on our three hundred affiliate 537 00:29:28,800 --> 00:29:33,880 Speaker 1: radio stations around the world. I'm Corney on a hoe 538 00:29:33,960 --> 00:29:37,600 Speaker 1: on ktr H in Houston. Shale drillers, Diamondback Energy and 539 00:29:37,720 --> 00:29:41,680 Speaker 1: Devon Energy are boosting dividends. I'm Genus You're ready, And 540 00:29:41,840 --> 00:29:45,320 Speaker 1: for w BBM in Chicago, I'm reporting that electric trunkmaker 541 00:29:45,440 --> 00:29:48,640 Speaker 1: Ribbyan is getting the biggest incentive package ever handed out 542 00:29:48,760 --> 00:29:50,960 Speaker 1: by the State of Georgia to build a new plant. 543 00:29:51,400 --> 00:29:54,280 Speaker 1: I'm Lisa Mateo and on k M o X and St. Louis, 544 00:29:54,440 --> 00:29:57,080 Speaker 1: I'll be reporting on a popular breakfast meal getting a 545 00:29:57,160 --> 00:30:00,800 Speaker 1: new twist. I made Corey on ww A and Detroit 546 00:30:00,920 --> 00:30:04,560 Speaker 1: Time reporting Stlantis is buying a car sharing venture formed 547 00:30:04,600 --> 00:30:07,960 Speaker 1: by BMW and Mercedes Bend and those are some of 548 00:30:08,040 --> 00:30:11,360 Speaker 1: the stories are Twenty hundred Bloomberg journalists and analysts are 549 00:30:11,400 --> 00:30:14,720 Speaker 1: working on this morning around the world on another busy 550 00:30:14,840 --> 00:30:17,880 Speaker 1: day for earnings. More than fifty companies in the SMP 551 00:30:18,000 --> 00:30:21,280 Speaker 1: five hundred reports today, among them Fiser. We get a 552 00:30:21,320 --> 00:30:24,480 Speaker 1: preview from Bloomberg's Tom Busby. The New York based drug 553 00:30:24,560 --> 00:30:27,080 Speaker 1: makers first quarter results will largely be seen as a 554 00:30:27,160 --> 00:30:30,720 Speaker 1: testament to global demand for its COVID nineteen vaccines and 555 00:30:30,960 --> 00:30:35,480 Speaker 1: treatments like backs Lovid. Investors will also look for guidance 556 00:30:35,560 --> 00:30:38,520 Speaker 1: on the possibility of tapping into the lucrative vaccine market 557 00:30:38,600 --> 00:30:42,080 Speaker 1: for small children. Bloomberg consensus calls were adjusted journeys of 558 00:30:42,080 --> 00:30:44,840 Speaker 1: a dollar fifty five a share on revenues of more 559 00:30:44,920 --> 00:30:50,080 Speaker 1: than twenty four billion dollars. Tom Busby Bloomberg daybreak, All right, Tom, 560 00:30:50,160 --> 00:30:52,920 Speaker 1: thanks this red headline just across the Bloomberg terminal, Fitches 561 00:30:53,000 --> 00:30:56,520 Speaker 1: cutting its growth forecast for China this year amid COVID 562 00:30:56,720 --> 00:31:01,720 Speaker 1: nineteen outbreaks. Futures are little changed ahead of the FED 563 00:31:01,880 --> 00:31:04,880 Speaker 1: kicking off it's to day May policy meeting. Right now, 564 00:31:05,040 --> 00:31:07,320 Speaker 1: SMP future is a little changed to the downside. Down 565 00:31:07,400 --> 00:31:11,360 Speaker 1: futures down nine points, NASDAC futures down four The tenure 566 00:31:11,400 --> 00:31:14,080 Speaker 1: Treasury is down one thirty second, the yield two point 567 00:31:14,280 --> 00:31:23,440 Speaker 1: nine eight per cent. This is Bloomberg Bloomberg eleven three 568 00:31:23,440 --> 00:31:25,640 Speaker 1: oh weather partly the mostly cloudy with a higher sixty 569 00:31:25,720 --> 00:31:29,400 Speaker 1: five today rain and mid sixties tomorrow sunshine and a 570 00:31:29,480 --> 00:31:32,840 Speaker 1: high year seventy on Thursday. Right now fifty two degrades 571 00:31:33,000 --> 00:31:39,600 Speaker 1: in central Park Markets, headlines and breaking news twenty four 572 00:31:39,640 --> 00:31:42,680 Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business 573 00:31:42,720 --> 00:31:46,800 Speaker 1: apt and at Bloomberg Quicktake. This is a Bloomberg Business Flash. 574 00:31:52,760 --> 00:31:55,320 Speaker 1: And I'm Camra in Moscow and US dock index futures 575 00:31:55,360 --> 00:31:58,720 Speaker 1: are little change this morning, Investors bracing for the biggest 576 00:31:58,800 --> 00:32:01,160 Speaker 1: US rate hikes since two thousand and a wave of 577 00:32:01,240 --> 00:32:04,640 Speaker 1: policy tightening by other central banks. Again little change of 578 00:32:04,760 --> 00:32:07,480 Speaker 1: the futures. Ten year Treasury down one thirty second, yell 579 00:32:07,520 --> 00:32:09,720 Speaker 1: two point nine percent. They yield on the two year 580 00:32:09,800 --> 00:32:12,760 Speaker 1: two point seven seven percent. And I'm ex screwed. Oil 581 00:32:12,840 --> 00:32:14,520 Speaker 1: is down when in a third percent on a dollar 582 00:32:14,560 --> 00:32:16,800 Speaker 1: thirty nine at a hundred three dollars eighty cents in 583 00:32:16,880 --> 00:32:19,800 Speaker 1: barrel that's a Bloomberg Business Flash. Now here's Michael Barrow 584 00:32:19,880 --> 00:32:22,840 Speaker 1: with more on what's going on around the world. Michael Karen, 585 00:32:22,880 --> 00:32:25,400 Speaker 1: thank you very much. Barricades are up in Protesters are 586 00:32:25,400 --> 00:32:27,880 Speaker 1: gathering outside the U. S. Supreme Court. It is in 587 00:32:28,040 --> 00:32:32,320 Speaker 1: response to elite draft opinion published by political suggesting the 588 00:32:32,400 --> 00:32:36,320 Speaker 1: conservative leaning court is ready to overturn Roe v. Waite, 589 00:32:36,400 --> 00:32:40,560 Speaker 1: the landmark ruling that legalized abortion. The Meruple steel mill 590 00:32:40,640 --> 00:32:44,880 Speaker 1: in Ukraine that has become the city's latest stronghold of resistance, 591 00:32:45,200 --> 00:32:49,520 Speaker 1: came under renewed assaults Monday by Russian attacks. In baseball, 592 00:32:49,560 --> 00:32:52,320 Speaker 1: the Yankees one, the Mets lost, along with the Orioles 593 00:32:52,360 --> 00:32:55,440 Speaker 1: and A's and the NHL playoffs, the Hurricanes skated past 594 00:32:55,440 --> 00:32:58,400 Speaker 1: the Bruins in Game one of their series. Five one 595 00:32:58,880 --> 00:33:02,040 Speaker 1: global news hours a day on air and on Bloomberg 596 00:33:02,160 --> 00:33:06,160 Speaker 1: Quick Take, powered by more than journalists analysts in more 597 00:33:06,200 --> 00:33:08,480 Speaker 1: than a hundred twenty countries. How Michael barr and this 598 00:33:08,680 --> 00:33:11,120 Speaker 1: is Bloomberg. Nathan all right, Michael, thank you. It's five 599 00:33:11,160 --> 00:33:13,560 Speaker 1: forty eight on Wall Street Live from the Bloomberg Interactive 600 00:33:13,600 --> 00:33:16,760 Speaker 1: Broker Studios. This is Bloomberg Daybreak. As we continue our 601 00:33:16,840 --> 00:33:20,920 Speaker 1: coverage of this leaked draft opinion obtained by Politico that 602 00:33:21,000 --> 00:33:24,000 Speaker 1: suggests the Supreme Court is poised to overturn the Roe v. 603 00:33:24,120 --> 00:33:27,840 Speaker 1: Wade decision. Terry Haynes joins me, now founder of Pangea 604 00:33:27,920 --> 00:33:31,440 Speaker 1: Policy Terry, good morning. It feels like a much different 605 00:33:31,680 --> 00:33:36,800 Speaker 1: morning in Washington, is it? Hi? Good morning? Names and UM, 606 00:33:38,080 --> 00:33:39,840 Speaker 1: you know the thing is, the thing is it's a 607 00:33:39,920 --> 00:33:42,880 Speaker 1: little bit different. Uh. I hope I will give you 608 00:33:43,040 --> 00:33:46,760 Speaker 1: a somewhat different perspective on I'm I'm gonna start by 609 00:33:46,800 --> 00:33:51,760 Speaker 1: not defending or or for lauding the opinion or anything 610 00:33:51,800 --> 00:33:55,920 Speaker 1: else about it. Uh. Two things. Firstly, what this is 611 00:33:56,040 --> 00:33:59,640 Speaker 1: is an attack on the court. Um. And I think 612 00:34:00,000 --> 00:34:03,240 Speaker 1: will need to understand that the you know, the the 613 00:34:04,000 --> 00:34:07,440 Speaker 1: justice is deliberative process, the relationship with one another, the 614 00:34:07,520 --> 00:34:11,000 Speaker 1: comedy c O M I T Y, the the good 615 00:34:11,120 --> 00:34:17,880 Speaker 1: relationships uh most famously recently exhibited between two very different 616 00:34:17,960 --> 00:34:23,839 Speaker 1: kinds of jurists uh Justice Ginsberg and justice uh Justice Scalia. Um. 617 00:34:25,040 --> 00:34:30,600 Speaker 1: This attacks all that by by trying to strip things bare. Uh. 618 00:34:30,840 --> 00:34:33,320 Speaker 1: And so it's a bad thing. Regardless of how you 619 00:34:33,440 --> 00:34:36,319 Speaker 1: feel about the substance of this issue, it's a bad thing. 620 00:34:36,520 --> 00:34:40,640 Speaker 1: And you shouldn't miss it. Uh. Secondly, UH, there's an 621 00:34:40,680 --> 00:34:42,960 Speaker 1: awful lot we don't know here. And I don't say 622 00:34:43,000 --> 00:34:45,279 Speaker 1: that to defend anything, but you know, you read the 623 00:34:45,400 --> 00:34:49,799 Speaker 1: opinion and it is a uh you know, we don't 624 00:34:49,840 --> 00:34:51,839 Speaker 1: really we don't even know if it actually is a leader, 625 00:34:51,960 --> 00:34:55,000 Speaker 1: but I mean it's let's assume that it is. Um. 626 00:34:55,320 --> 00:34:58,920 Speaker 1: I you don't know anything about the deliberative process. That 627 00:34:59,480 --> 00:35:01,160 Speaker 1: is a leader doing this on his own? Did he 628 00:35:01,480 --> 00:35:05,560 Speaker 1: get tasked by Roberts to write an initial decision? Are 629 00:35:05,719 --> 00:35:08,920 Speaker 1: there other people that have been tasked with writing their 630 00:35:08,960 --> 00:35:12,759 Speaker 1: own views? Uh? You know, this is going to be 631 00:35:12,840 --> 00:35:19,000 Speaker 1: a very intricate uh deliberation and decision. I would wager 632 00:35:19,880 --> 00:35:23,240 Speaker 1: lots of money that whatever the court does, it doesn't 633 00:35:23,280 --> 00:35:28,240 Speaker 1: look anything like this opinion. Uh. Either way, the court 634 00:35:28,320 --> 00:35:33,200 Speaker 1: has has difficulty and nuanced across the board and all 635 00:35:33,280 --> 00:35:37,719 Speaker 1: kinds of decisions, much of the particularly constitutional decisions, UH 636 00:35:37,960 --> 00:35:42,680 Speaker 1: coming up with uh the five judges who who reach 637 00:35:42,760 --> 00:35:47,760 Speaker 1: a judgment. But there's not necessarily five justices around an opinion. 638 00:35:48,320 --> 00:35:52,200 Speaker 1: UH to have an opinion that is presented a sort 639 00:35:52,239 --> 00:35:56,680 Speaker 1: of an absolutist view uh actually become the majority opinion. 640 00:35:56,760 --> 00:35:59,960 Speaker 1: I think probably Beggar's belief. Does this change the polity 641 00:36:00,000 --> 00:36:03,719 Speaker 1: cold landscape heading into a midterm election? We have primaries 642 00:36:03,920 --> 00:36:08,400 Speaker 1: today in Ohio, we have a fight for Congress in November. 643 00:36:10,239 --> 00:36:13,960 Speaker 1: I think it. I think it to some extent. Yes, 644 00:36:14,480 --> 00:36:17,719 Speaker 1: the that the issue was always up there, up there, 645 00:36:17,800 --> 00:36:19,880 Speaker 1: out there and teed up. And you can see that 646 00:36:20,080 --> 00:36:25,000 Speaker 1: by the swiftness of the political reaction. How how hair 647 00:36:25,120 --> 00:36:28,359 Speaker 1: trigger a lot of the the usual suspects on both 648 00:36:28,400 --> 00:36:34,360 Speaker 1: sides are to to deploy and show their show their views. 649 00:36:35,320 --> 00:36:38,920 Speaker 1: But you know, I wouldn't uh, I wouldn't take a 650 00:36:38,960 --> 00:36:42,719 Speaker 1: lot of comfort in that um where I uh where 651 00:36:42,760 --> 00:36:46,040 Speaker 1: I team blew the Democratic team because so many of 652 00:36:46,239 --> 00:36:51,200 Speaker 1: the hardcore h ROW supporters, the road defenders tend to 653 00:36:51,280 --> 00:36:55,239 Speaker 1: live in states that are already blue uh and and 654 00:36:55,480 --> 00:36:59,359 Speaker 1: where where they're not uh, the impact is a lot 655 00:36:59,480 --> 00:37:05,960 Speaker 1: more uh uh attenuated. I think so uh it today anyway, 656 00:37:05,960 --> 00:37:08,400 Speaker 1: it doesn't have quite the political impact that you would expect. 657 00:37:09,360 --> 00:37:12,520 Speaker 1: And we'll see what the what the judges do? You know, 658 00:37:12,719 --> 00:37:17,879 Speaker 1: the everybody knows uh the outcome of Brown versus Board 659 00:37:17,880 --> 00:37:19,960 Speaker 1: of Education. What they don't know is that it was reheard. 660 00:37:20,560 --> 00:37:22,799 Speaker 1: The justices took years to try to figure this out. 661 00:37:22,840 --> 00:37:25,640 Speaker 1: I'm not suggesting this case gets rehard, but what I 662 00:37:25,680 --> 00:37:28,600 Speaker 1: am suggesting is that there is a great deal we 663 00:37:28,760 --> 00:37:31,960 Speaker 1: don't know about this opinion, or where it came from, 664 00:37:32,160 --> 00:37:33,960 Speaker 1: or what it means, and there is very little that 665 00:37:34,000 --> 00:37:36,640 Speaker 1: we actually do know about it, and I think people 666 00:37:36,680 --> 00:37:40,560 Speaker 1: how to take a breath. Terry Haynes, founder of Pangia Policy, 667 00:37:40,760 --> 00:37:44,120 Speaker 1: thanks for your reaction. We want to get more reaction 668 00:37:44,280 --> 00:37:47,880 Speaker 1: now on the potential impact of this decision if it 669 00:37:47,960 --> 00:37:50,719 Speaker 1: does go through. For that, we're joined by Kimberly and 670 00:37:50,760 --> 00:37:54,600 Speaker 1: As McGuire, executive director of the advocacy group URGE Unite 671 00:37:54,640 --> 00:37:58,800 Speaker 1: for Reproductive and Gender Equality. Kimberly, it's good to speak 672 00:37:58,840 --> 00:38:01,319 Speaker 1: with you this morning, just coming off the comments there 673 00:38:01,360 --> 00:38:04,600 Speaker 1: from Terry Haynes calling for people to take a breath. 674 00:38:05,239 --> 00:38:10,080 Speaker 1: What's your reaction to this reported decision, this apparent leak 675 00:38:10,360 --> 00:38:14,920 Speaker 1: of the draft opinion from Justice Alito. This news from 676 00:38:14,960 --> 00:38:20,200 Speaker 1: the court is disappointing. The consequences will be devastating, but 677 00:38:20,320 --> 00:38:23,279 Speaker 1: it's not surprising. We knew this was coming and those 678 00:38:23,360 --> 00:38:26,719 Speaker 1: of us who organized, particularly in Red states, have been 679 00:38:26,800 --> 00:38:29,759 Speaker 1: preparing for this for a long time. What kind of 680 00:38:29,800 --> 00:38:32,040 Speaker 1: preparation have you been doing. I know that there have 681 00:38:32,200 --> 00:38:36,120 Speaker 1: been a number of states that have passed and codified 682 00:38:36,520 --> 00:38:40,000 Speaker 1: restrictive abortion laws in the lead up to this decision, 683 00:38:40,040 --> 00:38:43,160 Speaker 1: which we're expecting later on this year. What has your 684 00:38:43,160 --> 00:38:46,440 Speaker 1: group been doing at this point? So, in states like 685 00:38:46,560 --> 00:38:48,920 Speaker 1: Georgia that are very much in play, we have been 686 00:38:49,000 --> 00:38:53,800 Speaker 1: defending abortion access and stopping proposed abortion bands. In states 687 00:38:53,920 --> 00:38:57,440 Speaker 1: like Kansas, which is also still in play, we're engaged 688 00:38:57,480 --> 00:39:00,320 Speaker 1: in the campaign around a ballot initiative that would actually 689 00:39:00,400 --> 00:39:03,200 Speaker 1: save abortion access in the state. And in states like 690 00:39:03,280 --> 00:39:06,239 Speaker 1: Alabama and Ohio where we know access is going to 691 00:39:06,360 --> 00:39:09,720 Speaker 1: go away, we are educating the community about their options, 692 00:39:10,040 --> 00:39:14,279 Speaker 1: including about self managed abortion with abortion pills. Do you 693 00:39:14,400 --> 00:39:18,879 Speaker 1: expect this decision to stand if it does go through? 694 00:39:19,000 --> 00:39:22,080 Speaker 1: Coming this early, this kind of leak, Do you expect 695 00:39:22,120 --> 00:39:25,640 Speaker 1: that there could be any changes to where justices stand 696 00:39:26,080 --> 00:39:30,240 Speaker 1: on this issue now that the opinion, apparently from Justice Alito, 697 00:39:30,280 --> 00:39:33,960 Speaker 1: has come out. You know this this league is unprecedented 698 00:39:34,160 --> 00:39:40,160 Speaker 1: and says a lot about the future validity of this court. However, 699 00:39:41,000 --> 00:39:44,080 Speaker 1: there are justices on this court who were literally appointed 700 00:39:44,400 --> 00:39:48,040 Speaker 1: to overturn Roe v. Wade. This is why Trump avointed 701 00:39:48,080 --> 00:39:51,160 Speaker 1: the justices that he did, and so I don't expect 702 00:39:51,200 --> 00:39:54,040 Speaker 1: that the overall impact is going to change. I expect 703 00:39:54,120 --> 00:39:56,520 Speaker 1: we are going to lose abortion access in about half 704 00:39:56,600 --> 00:39:58,560 Speaker 1: of this country. The question is what are we going 705 00:39:58,600 --> 00:40:01,279 Speaker 1: to do about it? Well, that begs the question right, 706 00:40:01,320 --> 00:40:04,400 Speaker 1: what is your group doing about it? Is there and 707 00:40:04,600 --> 00:40:08,520 Speaker 1: are there any resources that are being provided for women 708 00:40:08,560 --> 00:40:13,640 Speaker 1: who might try to get an abortion procedure in another state? 709 00:40:15,000 --> 00:40:17,920 Speaker 1: Absolutely so. We are working closely with our partners on 710 00:40:18,040 --> 00:40:21,600 Speaker 1: the ground. That includes abortion funds and practical support networks. 711 00:40:21,840 --> 00:40:24,600 Speaker 1: These are existing organizations that help people pay for their 712 00:40:24,600 --> 00:40:27,760 Speaker 1: abortions and that will be helping people travel out of state. 713 00:40:28,160 --> 00:40:30,680 Speaker 1: That's going to be an essential resource. We are also 714 00:40:30,800 --> 00:40:35,280 Speaker 1: talking to young people about their options, including self managed abortion, 715 00:40:35,600 --> 00:40:38,040 Speaker 1: which is a way that people will be ending their 716 00:40:38,080 --> 00:40:41,640 Speaker 1: own pregnancies even in states where clinic access may not 717 00:40:41,760 --> 00:40:45,080 Speaker 1: be an option. Do your do does your group or 718 00:40:45,120 --> 00:40:47,480 Speaker 1: groups like yours have any further recourse? Do you think 719 00:40:47,600 --> 00:40:50,280 Speaker 1: before the Supreme Court? Are you looking at other cases 720 00:40:50,400 --> 00:40:53,440 Speaker 1: to try to bring the issue of abortion rights abortion 721 00:40:53,520 --> 00:40:57,800 Speaker 1: access to the High Court? You know right now the 722 00:40:57,920 --> 00:41:01,000 Speaker 1: Supreme Court is hostile to abort She writes frankly, it's 723 00:41:01,000 --> 00:41:03,480 Speaker 1: also hostile to democracy and a host of other issues 724 00:41:03,520 --> 00:41:07,040 Speaker 1: of justice about which we care deeply. My recourse right 725 00:41:07,080 --> 00:41:10,160 Speaker 1: now is to organize people on the ground, including in 726 00:41:10,360 --> 00:41:13,359 Speaker 1: red states, who cared deeply about this issue, and who 727 00:41:13,400 --> 00:41:16,600 Speaker 1: will be fighting back and demanding that their legislators not 728 00:41:16,760 --> 00:41:20,040 Speaker 1: allow these abortion bands to move forward. And in terms 729 00:41:20,080 --> 00:41:24,120 Speaker 1: of legislation, are does this bring the issue back to Congress? 730 00:41:24,239 --> 00:41:26,959 Speaker 1: I mean Justice a Lado in this reported decision says 731 00:41:27,080 --> 00:41:30,800 Speaker 1: that the the issues should be brought back to the legislators. 732 00:41:30,960 --> 00:41:35,279 Speaker 1: Are you working on or helping to shape legislation? So, 733 00:41:35,440 --> 00:41:37,960 Speaker 1: we've been working closely on legislation like the Women's Health 734 00:41:38,000 --> 00:41:41,000 Speaker 1: Protection Act and they each act, both of which would 735 00:41:41,080 --> 00:41:44,520 Speaker 1: create essential protections for abortion access. But right now all 736 00:41:44,640 --> 00:41:47,320 Speaker 1: options are on the table, up to and including pursuing 737 00:41:47,360 --> 00:41:51,360 Speaker 1: a constitutional amendment. Thanks for this, Kimberly, good having you 738 00:41:51,440 --> 00:41:54,080 Speaker 1: on with us this morning. Kimberly and As McGuire is 739 00:41:54,120 --> 00:41:58,040 Speaker 1: executive director of the advocacy group URGE Unite for Reproductive 740 00:41:58,160 --> 00:42:01,800 Speaker 1: and Gender Equality. As we continue gathering reaction to the 741 00:42:02,239 --> 00:42:07,080 Speaker 1: draft opinion apparently obtained by Politico written by Justice Alito 742 00:42:07,239 --> 00:42:09,840 Speaker 1: that appears to show that the Supreme Court is poised 743 00:42:10,160 --> 00:42:13,520 Speaker 1: to overturn the Roe v. Wade decision. Uh. Much more 744 00:42:13,560 --> 00:42:16,640 Speaker 1: to come here on Bloomberg Radio. And as we look 745 00:42:16,680 --> 00:42:19,560 Speaker 1: ahead to the market open ahead of the start of 746 00:42:19,600 --> 00:42:24,960 Speaker 1: the Federal Reserves Today policy meeting where major rate hikes 747 00:42:25,320 --> 00:42:28,879 Speaker 1: are expected to begin. Uh. We have futures little change, 748 00:42:28,920 --> 00:42:31,640 Speaker 1: with SMP futures right now up one point. Dow future 749 00:42:31,680 --> 00:42:34,840 Speaker 1: is up to NASTAC futures also higher by two points. 750 00:42:34,920 --> 00:42:37,839 Speaker 1: The tenure Treasury little changes as well. The yield two 751 00:42:37,920 --> 00:42:41,080 Speaker 1: point nine on the tenure note, yield on the two 752 00:42:41,200 --> 00:42:46,000 Speaker 1: year two point seven six percent. Bloomberg Day Break continues. 753 00:42:46,640 --> 00:42:48,759 Speaker 1: This is Bloomberg