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Speaker 1: Karen. Stocks in China and Hong Kong surged more than

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Speaker 1: four percent overnight. Those gains come after China's Central Bank

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Speaker 1: unleashed a blitz of policy support for the economy. Bloomberg

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Speaker 1: Daybreak Asia anchor Brian Curtis has more from Hong Kong.

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Speaker 2: This is the big Bazuka markets we're waiting for. PBOC

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Speaker 2: Governor Pangong Shung cut the bank's reserve ratios and cut

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Speaker 2: a key policy rate. He also moved to shore up

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Speaker 2: the property market. Pan lowered borrowing costs on as much

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Speaker 2: as five point three trillion dollars in mortgages, and eased

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Speaker 2: rules for second home purchases. China will also allow funds

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Speaker 2: and brokers to tap PBOC funds to buy stocks. Will

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Speaker 2: it work well, it's the biggest swing yet for the

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Speaker 2: fences and markets. Sword in Hong Kong. Brian Curtis, Bloomberg Radio.

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Speaker 3: All right, Brian, thank you.

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Speaker 4: Well.

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Speaker 3: Here in the US again, futures are higher after stock's closed.

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Speaker 3: It another record. John stoltzfis the chief investment strategist at Oppenheimer.

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Speaker 3: Thanks the S and P five hundred could surpass his

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Speaker 3: year end price target.

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Speaker 5: Things are just basically improving if we can just keep

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Speaker 5: it moderate growth with resilience in jobs and economic growth

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Speaker 5: in corporate earnings. I think we're good to go as

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Speaker 5: long as we avoid getting complacent, and as long as

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Speaker 5: we can avoid having the bulk from the blue hit US.

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Speaker 5: I think considerably higher and well beyond the fifty nine

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Speaker 5: hundred target.

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Speaker 3: Probably Oppenheimer's John Stoltzfist notes the Dow also closed at

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Speaker 3: a record yesterday.

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Speaker 1: Here in the seventy ninth session of the United Nations

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Speaker 1: General Assembly opens this morning in New York City. Leaders

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Speaker 1: from almost two hundred countries will participate. We get more

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Speaker 1: from Bloomberg's David Gera in New York.

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Speaker 6: The string of speeches by world leaders will stretch over

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Speaker 6: six days, starting with Brazil's president by tradition, then Joe

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Speaker 6: Biden will deliver what will be his last address to

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Speaker 6: the UN General Assembly as president. His speech is expected

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Speaker 6: to focus on the turmoil in the Middle East and

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Speaker 6: the war in Ukraine. On Wednesday, that country's Leader of

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Speaker 6: Law Mirzelenski, will address you on delegates. He'll also meet

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Speaker 6: separately with Vice President Kamala Harris and former President Donald Trump.

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Speaker 6: The theme of this the seventy ninth Session of the

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Speaker 6: General Assembly is leaving no one behind, acting together for

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Speaker 6: the advancement of peace, sustainable development, and human dignity for

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Speaker 6: present and future generations. In New York, David Gura Bloomberg.

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Speaker 3: Radio, all right, David, thank you well. Now to the

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Speaker 3: Middle East, where one of the deadliest days of fighting

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Speaker 3: in nearly two decades is stoking fears of an all

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Speaker 3: out war between Israel and Hezbelah. This morning, Israel says

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Speaker 3: it's launched a new wave of airstrikes in Lebanon, a

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Speaker 3: day after a series of attacks that killed nearly five

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Speaker 3: hundred people and wounded about sixteen hundred and fifty more.

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Speaker 3: Paul Salem, as Vice president for International Engagement at the

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Speaker 3: Middle East Institute.

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Speaker 7: This is really part of an escalation that started last

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Speaker 7: week with the pager attacks in Milwaukee, talkie attacks, tarketing Husbulla,

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Speaker 7: and other assassination attacks on high Fasballa figures by Israel. Obviously,

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Speaker 7: this is in a context of almost one year now

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Speaker 7: of Hesabella opening a second front on October eighth last

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Speaker 7: year and Hasbella at Israel exchanging fire.

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Speaker 3: All Salem at the Middle East Institute says it's not

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Speaker 3: clear where the fighting goes from here. Israel says it's

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Speaker 3: focused on an air campaign to degrade Hesbeala's military capabilities,

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Speaker 3: but a senior US official says it's important to take

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Speaker 3: Israel's preparations for a ground invasion seriously.

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Speaker 1: Now, Karen's in the latest from the campaign trail. Former

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Speaker 1: President Donald Trump is giving a speech today in Savannah, Georgia,

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Speaker 1: focused on his economic plan. He offered something of a

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Speaker 1: preview with a warning to John Deere if it moves

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Speaker 1: some of its production to Mexico. We get that story

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Speaker 1: from Bloomberg's Ed Baxter.

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Speaker 8: Earlier this year, Deer said it would lay off workers

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Speaker 8: in Illinois and Iowa as it says it's facing rising

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Speaker 8: operational costs and declining demand. Trump, at an event on

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Speaker 8: American Farmers and Trade, I'm.

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Speaker 9: Just notifying John Deere right now, if you do that,

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Speaker 9: we're putting a two hundred percent tariff on everything that

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Speaker 9: you want to sell into the United States, so that

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Speaker 9: if I win, John Deere is going to be paying

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Speaker 9: a two hundred percent.

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Speaker 8: Deer issuing a statement saying it is committed to US manufacturing.

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Speaker 8: With two billion dollars invested in domestic plants since twenty nineteen.

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Speaker 8: Head Baxter Bloomberg Radio all.

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Speaker 3: Right, ed, thank you a lot. Ahead of that speech

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Speaker 3: in Georgia, former President Trump held a rally last night

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Speaker 3: in Indiana, Pennsylvania, and he said he'd handle Ukraine differently

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Speaker 3: if he's elected in November.

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Speaker 2: As president elect.

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Speaker 9: If I win this election, the first thing I'm going

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Speaker 9: to do is call up Zelenski and call up President Putin,

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Speaker 9: and I'm going to say, you gotta make a deal.

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Speaker 6: This is crazy.

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Speaker 3: Trump also said he thinks Ukraine's president, Vladimir Zelenski wants

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Speaker 3: Kamala Harris to win the election. Zelenski was also in

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Speaker 3: Pennsylvania on Sunday ahead of the UN General Assembly this week.

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Speaker 3: In an interview with The New Yorker Magazin and the

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Speaker 3: Ukrainian leaders, said he doesn't think Trump really knows how

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Speaker 3: to stop the war with Russia, even if he thinks so.

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Speaker 1: Starting a company news now, Karen Boeing is offering a

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Speaker 1: sweetened pay package to its striking workers. John Tucker's on

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Speaker 1: top of this story, John, this sounds like it could

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Speaker 1: be Boeing's final offer.

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Speaker 10: Yeah, Boeing offered a thirty percent pay bump, and they

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Speaker 10: went directly to the striking workers. They said the terms

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Speaker 10: are final and only valid into the end of Friday.

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Speaker 10: So of course this ranchets up pressure on workers to

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Speaker 10: accept not sitting too well with the leadership of their union,

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Speaker 10: as you can imagine. John Holden, president of IAM District

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Speaker 10: seven to fifty one, said his negotiating team was blindsided

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Speaker 10: by the offer in the union has no intention of

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Speaker 10: putting it before rank and file members. Going directly to

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Speaker 10: the workers drough a harsh statement. Union said, by skirting

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Speaker 10: the collective bargaining process, Boeing took it upon itself to

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Speaker 10: disrespect our entire union. Labor strife has flared up ahead

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Speaker 10: of the November presidential election. Machinists also walked up the

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Speaker 10: job yesterday at Textron Aviation, and a potential strike by

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Speaker 10: Longshortman threatens to cripple US shipping in New York. I'm

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Speaker 10: John Tucker, Bloomberg Radio.

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Speaker 3: All right, John, thank you all. The Justice Department is

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Speaker 3: planning to file an antitrust case against Visa as soon

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Speaker 3: as today. We gin more from Bloomberg's Doug Prisner.

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Speaker 11: We're told the DOJ plans to say Visa illegally monopolize

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Speaker 11: the US debit card market. The company operates the largest

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Speaker 11: payments network in the US. The lawsuit will accuse Visa

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Speaker 11: of taking steps to keep rivals from challenging Visa's dominance

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Speaker 11: in debit cards. The DOJ will allege Visa made exclusive

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Speaker 11: agreements to hinder the expansion of competing networks, and Visa

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Speaker 11: will be accused of thwarting efforts by technology companies to

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Speaker 11: enter the market. The lawsuit will be the combination of

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Speaker 11: a year's long probe of Visa's business practices in New York.

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Speaker 11: I'm Doug Prisoner, Bloomberg Radio.

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Speaker 2: All right, Doug.

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Speaker 8: Thanks.

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Speaker 1: Meanwhile, Bloomberg News has learned the Federal Trade Commissions expected

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Speaker 1: to allow Chevron's fifty three billion dollars TIS takeover of

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Speaker 1: Hest to go forward. The original deal was agreed to

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Speaker 1: eleven months ago. The takeover would be one of the

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Speaker 1: largest oil deals in recent years, after Exxon's sixty billion

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Speaker 1: dollar purchase of Pioneer Natural Resources in May.

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Speaker 3: And it's time now for a look at some of

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Speaker 3: the other stories making news in New York and around

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Speaker 3: the world. And for that we're joined by Bloomberg's Michael

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Speaker 3: Barr Michael, Good morning.

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Speaker 12: Good morning, Karen. The National Hurricane Center says Hurricane John

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Speaker 12: made landfall in southern Mexico as a major Cat three storm.

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Speaker 12: John grew in a matter of hours. Local authorities opened

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Speaker 12: shelters for about three thousand people, but more than one

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Speaker 12: hundred thousand live in the coastal area. Meanwhile, a storm

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Speaker 12: in the Caribbean is forecast to become a hurricane tomorrow.

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Speaker 12: Helene is on track to strengthen Thursday. The man who

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Speaker 12: opened fire at a King Supers grocery store in Boulder,

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Speaker 12: Colorado in twenty twenty one, killing ten victims, including a

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Speaker 12: police officer, is heading to Risen for the rest of

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Speaker 12: his life. After Amad Alissa was convicted on all fifty

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Speaker 12: five counts, including murder, the judge handed down ten consecutive

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Speaker 12: life sentences for each of the victims killed in forty

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Speaker 12: eight years, consecutively for each of the thirty eight attempted

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Speaker 12: murder counts. Boulder County District Attorney Michael Doherty applauded the

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Speaker 12: jury's decision.

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Speaker 1: Today marks the end of an incredibly long and painful

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Speaker 1: journey for the victims of the massacre at King Soopers

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Speaker 1: on March twenty second, twenty twenty.

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Speaker 12: One, DA Michael Doherty in battle Republican gubernatorio candidate Lieutenant

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Speaker 12: Governor Rock Robinson vowed to a room full of supporters

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Speaker 12: he will be staying in the race in North Carolina.

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Speaker 12: It comes after a report from CNN allegingd Robinson was

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Speaker 12: behind a number of races posts on a pornography website's

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Speaker 12: message board. Robinson spoke at a Monday event at a

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Speaker 12: diner and boone.

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Speaker 10: We're considerably legal, actually against I'll see it n about

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Speaker 10: the story they put out.

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Speaker 12: We have not formulated at our exact plan yet, Robinson

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Speaker 12: spoke to ABC's WTVB television. A US Coast Guard hearing

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Speaker 12: continued Monday into the doomed submersible Titan. The co founder

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Speaker 12: of ocean Gate, Guillermo son Lane, defended his company and

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Speaker 12: pleaded with officials not to regard his venture as tourism

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Speaker 12: but as ocean exploration.

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Speaker 13: I hope that all of us can find some good

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Speaker 13: in all of us sadness. I hope that we can

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Speaker 13: find some silver linings. I hope we can find some

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Speaker 13: valuable lessons learned.

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Speaker 12: The June twenty twenty three implosion took the lives of

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Speaker 12: five people as they took part in a deep dive

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Speaker 12: to the remains of the Titanic on the ocean floor.

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Speaker 12: The Biden administration has finalized its first binding award under

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Speaker 12: the Chips and Science Act. It is a one hundred

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Speaker 12: and twenty three million dollar grant to Polar Semiconductor that

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Speaker 12: officials say could double the company's US manufacturing capacity within

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Speaker 12: two years. Global News twenty four hours a day and

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Speaker 12: whenever you want it with Bloomberg News Now Michael Barr.

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Speaker 12: This is Bloomberg Karn.

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Speaker 3: All Right, Michael Barr, thank you time now for the

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Speaker 3: Bloomberg Sports Update with John Stanshawer.

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Speaker 4: John, good morning, Good morning caring two Monday nighters, starting

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Speaker 4: with a blowout in Buffalo. Josh Allen had four touchdown

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Speaker 4: passes in the first half. The Bills were up thirty

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Speaker 4: four to three at halftime. They beat Jacksonville forty seven

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Speaker 4: to ten to go to three and oh the Jags

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Speaker 4: are owing three. Much closer game in Cincinnati, Washington trailed

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Speaker 4: seven nothing early but never trailed after that. The Commanders

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Speaker 4: won thirty eight thirty three. It appears they have found

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Speaker 4: themselves a quarterback in rookie Jaden Daniels twenty one of

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Speaker 4: twenty three two tds. He was also their top rusher

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Speaker 4: as Washington those to two and one. The Bengals got

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Speaker 4: three TD passes from Joe Burrow, but they are and

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Speaker 4: three light baseball schedule to begin the final week. The

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Speaker 4: Phillies beat the cub six to two to Clinton the

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Speaker 4: NL East. The Astros failed to clinch the AL West

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Speaker 4: lost to Seattle six to one. The Red Sox were

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Speaker 4: trying to finish over five hundred now seventy nine and

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Speaker 4: seventy eight with a four to one win Toronto, and

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Speaker 4: while the Mets and Braves have been battling for weeks

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Speaker 4: for the final NL wildcard, they could both make it.

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Speaker 4: Arizona lost to the Giant sixty three, they could be

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Speaker 4: the team left out. Mets begin the Big Series in

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Speaker 4: Atlanta tonight with Luis Savarino on the mound and Francisco

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Speaker 4: Lindor likely stilled out of the lineup with the back

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Speaker 4: injury that he gave in update.

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Speaker 14: On Pretty Sell, I don't think I'm gonna play paint free.

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Speaker 10: If I've played this show, I don't think it's gonna

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Speaker 10: be pain free.

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Speaker 14: And I'm okay with that.

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Speaker 11: I just don't want it to be a constant pain

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Speaker 11: where I can't bend over, you know, and then.

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Speaker 13: I put my teammates in a position where I'm not

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Speaker 13: helping them as much as I can. You know, that's

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Speaker 13: not fair for anybody.

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Speaker 4: Lindor's been the Mets best player. Yankees already poured champagne

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Speaker 4: when they clinched the wildcard. Apparently they are set to

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Speaker 4: do it again when they wrap up the Al East.

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Speaker 4: Need one more win. They host Baltimore tonight. A lot

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Speaker 4: of optimism editing in the next season, but already an injury.

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Speaker 4: Mitchell Robinson yet again still bothered by the ankle that

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Speaker 4: he had surgery on. He won't play until December or January. Robinson,

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Speaker 4: the Knick starting center, miss fifty one games last season.

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Speaker 4: John stash Aware Bloomberg Sports Karen.

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Speaker 14: Nathan Coast to Coast on Bloomberg Radio nationwide on Sirius XM,

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Speaker 14: and around the world on Bloomberg dot Com and the

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Speaker 14: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm

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Speaker 14: Nathan Hager. This will be a data remember for China's

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Speaker 14: monetary policy. That is what Bloomberg.

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Speaker 1: Economics is saying after the People's Bank of China unveiled

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Speaker 1: a wide range of measures aimed at stimulating the world's

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Speaker 1: second largest economy. For more, We're joined from Hong Kong

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Speaker 1: by Bloomberg Asia Government and Politics reporter Rebecca Chung Wilkins. Rebecca,

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Speaker 1: good morning. I think investors had been waiting for some

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Speaker 1: kind of stimulus from China. It's been coming of drips

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Speaker 1: and drabs up to now. Can you walk us through

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Speaker 1: these latest measures just announced.

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Speaker 15: Sure, a real barrage of measures here, and the form

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Speaker 15: of the announcement also quite surprising. Sort of key elements here.

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Speaker 15: We've seen a cut to fifty percent and fifty basis

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Speaker 15: points excuse me, to the trip or R, essentially unleashing

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Speaker 15: potential liquidity from commercial banks there. We've also seen a

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Speaker 15: cut to a key benchmark rate that will sort of

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Speaker 15: trickle down to other rates LPR and so on, as

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Speaker 15: well as a swathe of measures that are intended to

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Speaker 15: ease the ailing property market. Essentially, the PBOC is going

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Speaker 15: to take on one hundred percent of the responsibility in

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Speaker 15: extending loans from local governments to help buy up some

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Speaker 15: of the property that has been left floundering in the

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Speaker 15: property market, as well as news happy news for stock investors,

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Speaker 15: in particular of this potential market stabilization fund. Now we

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Speaker 15: saw something similar to that happening in two thousand and fifteen, So.

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Speaker 1: Is this the bazooka that investors had been waiting for?

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Speaker 15: So I think this was earlier and more than the

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Speaker 15: expectations that we were talking about. But I do not

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Speaker 15: think we are close to the bazuka that people were

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Speaker 15: hoping for. And I think in part because Beijing has

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Speaker 15: shown this tolerance for a potential miss a little bit

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Speaker 15: of a miss of the growth target. Now, I think

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Speaker 15: these monetary policies, by and large, and Bloomberg Economics is

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Speaker 15: putting forward this view too, does mean that that five

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Speaker 15: percent target, about five percent target for GDP is now

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Speaker 15: within reach. That is something of a surprise. We had

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Speaker 15: a big rat recalibration over recent weeks with economists pairing

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Speaker 15: back their expectations, and we recently just had growth coming

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Speaker 15: in at the worst quarter, at the worst pace for

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Speaker 15: five quarters. So that in itself is something of a surprise.

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Speaker 15: But some of the structural problems with the economy, the

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Speaker 15: issues with the property market, the fact that there is

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Speaker 15: a crisis of confidence. People just don't want to spend,

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Speaker 15: they don't want to borrow either. Those are still prevailing

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Speaker 15: concerned and particularly this worry about deflation.

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Speaker 1: So what's missing then in our last minute that could

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Speaker 1: get China closer to that five percent growth target.

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Speaker 15: I think what we're really waiting to see is whether

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Speaker 15: or not fiscal measures come out, there is further fiscal policy,

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Speaker 15: and also whether policymakers can actually effectively unleash the monetary

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Speaker 15: policy that has so far been provided. Local governments have

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Speaker 15: been reticent to actually make use of the quotas to

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Speaker 15: actually get out and spend, for example, and probably developers,

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Speaker 15: we have not really seen their projects being bought up

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Speaker 15: by local governments. Local governments hesitant to sep end because

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Speaker 15: their finances are so strained at the moment. So it's

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Speaker 15: whether or not we can see Beijing moving in to

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Speaker 15: give confidence to these key actors, local actors as well

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Speaker 15: as the consumer to actually start using some of these

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Speaker 15: benefits that they have tried to roll out