Speaker 1: Live from the Bloomberg Interacted Berger Studios. This is Bloomberg
Speaker 1: day Break for Wednesday, June two. Coming up this hour,
Speaker 1: the latest round of primary results rolls in as the
Speaker 1: stage gets set for November's election. Vivid testimony at the
Speaker 1: January six hearings by a former White House aid Finland
Speaker 1: and Sweden moved closer to NATO membership. And the latest
Speaker 1: on the Marcus After yesterday's of Wall Street sell off,
Speaker 1: former socialite Glenne Maxwell was sentenced involving sexual abuse. Plus
Speaker 1: the former and current mayors of New York disagree on
Speaker 1: an assault claim. I'm Michael barn More ahead, I'm John
Speaker 1: stash Shard Sports another win for the Yankees, lopslided loss
Speaker 1: for the Mets of the Knicks may have found their pointyard.
Speaker 1: That's all trained ahead on Bloomberg Daybreak on Bloomberg he
Speaker 1: liveing three on New York, Bloomberg on Washington, d C,
Speaker 1: Bloomberg one oh six one, Boston, Bloomberg nine sixties and
Speaker 1: Francisco Sirius x M one nineteen and around the world
Speaker 1: on Bloomberg Radio dot com and via the Bloomberg Business App.
Speaker 1: Good morning, I'm Nathan Hagar and I'm Karen Moscow. US
Speaker 1: stock index futures are extending their losses this morning. We're
Speaker 1: coming up to six o one on Wall Street, and
Speaker 1: we check the markets every fifteen minutes throughout the trading
Speaker 1: day on bloomberg S and P futures down eight points
Speaker 1: now futures down thirty NASDAG futures down thirty eight and
Speaker 1: the ten year treasury down one thirty second. You have
Speaker 1: three point one seven percent yield on the two year
Speaker 1: three point one zero percent, and i X scrude oil
Speaker 1: is up three tenths percent. Nathan, Karen. We'll have more
Speaker 1: on the markets in a minute, but first we want
Speaker 1: to catch up on some key primary election results from
Speaker 1: across the country. Let's begin here in New York, where
Speaker 1: we joined live by Bloomberg's Michael Bark. Good morning, Michael,
Speaker 1: Good morning, Nathan. And the Democratic gubernatorial primary was no contest,
Speaker 1: as Governor Kathy hokel one, going away with almost sixty
Speaker 1: eight percent of the vote. Hocal, during her victory speech
Speaker 1: talked about the reason Supreme Court rulings are we gonna surrender?
Speaker 1: Are we gonna fight back? I know what I'm gonna do.
Speaker 1: I'm fighting back I'm fighting back against that. Governor. Huckle
Speaker 1: defeated Jamanni Williams, who got nineteen percent, and Tom Swasse
Speaker 1: with percent. Les Eldon won the GOP primary for governor
Speaker 1: with forty four percent of the vote. Are we ready
Speaker 1: to fire Kathy Hucle please? Eldon beat Andrew Giuliani, the
Speaker 1: son of former New York Mayor Rudy Giuliani, who got
Speaker 1: three percent. Rob Asterreina got eighteen percent, and Harry Wilson
Speaker 1: received fift in New York. Michael Barr Bloomberg Day Break,
Speaker 1: Karen Nathan, all right, Michael, thank you. As some other
Speaker 1: key primary results of note, Republicans in Colorado rejected two
Speaker 1: candidates aligned with former President Trump. Tina Peters lost to
Speaker 1: Pam Anderson for a Secretary of State. Anderson had percent
Speaker 1: of the vote. Ron Hanks lost a Senate nomination to
Speaker 1: John O'Day, who has often acknowledged that President Biden won
Speaker 1: the election. Oh Day had fifty four percent of votes.
Speaker 1: The meantime, Karen Too hardline conservatives came out winners last night.
Speaker 1: Lauren Bobert got sixty five percent of the vote in
Speaker 1: Colorado's third congressional district. She campaigned on the right to
Speaker 1: bear arms and disagrees with separation of church and state.
Speaker 1: In Illinois, Republican Mary Miller won her House seat primary
Speaker 1: with fifty seven percent of the vote. Miller called the
Speaker 1: Supreme Court's decision on abortion quote a historic victory for
Speaker 1: white life. Her spokeswoman says she misspoke well, Nathan. We
Speaker 1: turned out to the nation's capital, where a former White
Speaker 1: House said is given the most dramatic testimony yet to
Speaker 1: the January six House Committee. Cassidy Hutchinson as a former
Speaker 1: assistant to then White House Chief of Staff Mark Meadows.
Speaker 1: She says the former president new armed people were at
Speaker 1: his rally. He also demanded Secret Service removed metal detectors
Speaker 1: or mag's to let them in. Something to the effective.
Speaker 1: Take the acting mags away. They're not here to hurt me.
Speaker 1: Let them in. Let my people in. They can march
Speaker 1: the capital after the rallies are over. They can march
Speaker 1: from They can march from the Olys and Cassidy Hutchinson
Speaker 1: says former President Trump wanted to go to the capital
Speaker 1: with the demonstrators ahead of his Secret Service detail. Robert
Speaker 1: Engel told him it wasn't safe. That's when Hutchinson says
Speaker 1: the President lashed out from inside is Limo. The President
Speaker 1: reached up towards the front of the vehicle to grab
Speaker 1: at the steering wheel. Mr Engel grabbed his arm said sir,
Speaker 1: you need to take your hand off the steering wheel. Now.
Speaker 1: Doubt is being cast on that account from Cassidy Hutchinson
Speaker 1: and a truth social post. Former President Trump said it
Speaker 1: did not happen, and several former aids said it's unlikely
Speaker 1: he could have reached the steering wheel from the backseat. Oh,
Speaker 1: we have a major political development oversees this morning. Karen,
Speaker 1: Finland and Sweden have taken a major step on their
Speaker 1: way to NATO membership. Let's get more from Bloomberg's Maria
Speaker 1: today o who's covering the NATO meeting in Madrid. But
Speaker 1: it's a huge deal or the one of course, as
Speaker 1: you know, yesterday said he would agree to this new
Speaker 1: membership for Sweden and Finland. So we are going to
Speaker 1: get their e two members from the thirty member Alliance
Speaker 1: by the end of the summit. And by the way,
Speaker 1: this should be very easy because a lot of the
Speaker 1: systems that they used already our native compatible. Bloomberg's Maria,
Speaker 1: it's a dale reporting from Madrid, says the membership process
Speaker 1: will still take many months, including ratification from NATO Allies parliaments.
Speaker 1: We turned out to the markets, Nathan, We're futures here
Speaker 1: in the US are lower. This follows yesterday sell off,
Speaker 1: which saw all three major indexes tumble on renewed worries
Speaker 1: about economic growth. The hardest hit was the NASDACK following
Speaker 1: three percent, the S and P five hundred drop two percent.
Speaker 1: Victoria Green, as chief investment officer at G squared Private Wealth,
Speaker 1: I think we've got a little more to go, Like
Speaker 1: we're working for some confirmation. We're looking for something that
Speaker 1: makes us feel better about the world. Um and I
Speaker 1: think right now we talk about it, it's very kind
Speaker 1: of simplictic. But don't fight the feed, and the feed
Speaker 1: is Hawkers and G squared Private Wealth. Victoria Green notes
Speaker 1: the latest economic reading spark yesterday sell off, a gauge
Speaker 1: of US consumer confidence fell to its lowest level in
Speaker 1: more than a year. Well today, Karen all Eyes are
Speaker 1: on Central Banks FED Chair J Powell, ECB President Christine
Speaker 1: Lagarde and Bank of England Governor Andrew Bailey appeared together
Speaker 1: at the ECB's annual meeting in the Portuguese resort of CenTra.
Speaker 1: Bloomberg experiencing lackwise there and filed this report. Today day
Speaker 1: to the focus shifts to the broader economy. Participants, including
Speaker 1: FED governors, will discuss the global supply chain, pressures, international trade,
Speaker 1: and inflation. No matter where you're sitting in the world,
Speaker 1: inflation is your number one concern, and Marcus want to
Speaker 1: know what's the economic price that central bankers are willing
Speaker 1: to pay to make sure inflation is under control in CenTra.
Speaker 1: I'm Francie Lakwa, Bloomberg Day Break, All right, friend, thanks,
Speaker 1: you want to stay tuned for today's big conversation with
Speaker 1: the biggest names in central banking. Bloomberg's Fiancing Lakwa speaks
Speaker 1: with j Pal, Christine Lagard, Andrew Bailey, and Augustine Carston's
Speaker 1: live right here on Bloomberg Radio and on Bloomberg Television
Speaker 1: at nine am Wall Street Time and Incorporate News. Nathan
Speaker 1: Tesla has laid off about two workers on his Autopilot
Speaker 1: team and a facility in California. Bloomberg News has learned
Speaker 1: the majority of those let go we're hourly workers, and
Speaker 1: Disney has extended CEO Bob Chpex contract for three years.
Speaker 1: He's battled controversy and a crippling pandemic at the same time.
Speaker 1: Shape as spearheaded Disney's transformation into a streaming powerhouse. Futures
Speaker 1: this morning or lower SMP futures down five points down,
Speaker 1: futures down three little changed Nowsday futures down twenties seven
Speaker 1: and a tenure treasury that'll change the yield three point
Speaker 1: one six percent. Straight to head your latest local headlines
Speaker 1: plus a check of sports, and this is Bloomberg. Thank you, Karen,
Speaker 1: six oh seven on Wall Street, sixty six degrees in
Speaker 1: Central Park. Little change to the situation on the Gothels
Speaker 1: Bridge ramp to the New Jersey Turnpike. It is still closed.
Speaker 1: Peter Van's got details on that in a minute, but
Speaker 1: Michael bars here first with what else is going on
Speaker 1: in New York and around the world. Michael, thank you
Speaker 1: very much, Nathan. While Governor Hukel and leez Elden will
Speaker 1: square off in the full other primary contests were settled
Speaker 1: in New York Democrat Anthony Dogato one for Lieutenant governor,
Speaker 1: with Delgado replaced former Lieutenant Governor Brian Benjamin, who was
Speaker 1: arrested on federal corruption charges. Meanwhile, Andrew Giuliani came up
Speaker 1: short in his run for the GOP nomination for governor.
Speaker 1: We need to make sure we lick our wounds tonight
Speaker 1: and tomorrow. Let's get up and let's support the Republican nominee,
Speaker 1: Congressman LESE. Elden, and let's make him. Let's make him
Speaker 1: governor of the state of New York. Former Mayor Rudy
Speaker 1: Giuliani helped campaign for his son, but on Sunday, he
Speaker 1: claimed that he was assaulted by a heckler at a
Speaker 1: Staten Island supermarket. However, current Mayor Eric Adams suggested that
Speaker 1: Rudy Giuliani be investigated for filing a false police report.
Speaker 1: Adam says, when you look at the video, the guy
Speaker 1: basically walked by and patted him on the back. I
Speaker 1: would if we didn't have the video, this person would
Speaker 1: have been accused with a serious crime when all he
Speaker 1: did was packed the guy on the back. He's a
Speaker 1: former mayor. I think he is responsible for a former mayor.
Speaker 1: Giuliani shot back, calling Adams an idiot. Giuliani, who was
Speaker 1: seventy eight, says he didn't file the report the city's
Speaker 1: police department did. Earlier, Giuliani said that he was hit
Speaker 1: as if a boulder hit me. New York Democratic Congresswoman
Speaker 1: Alexandria o'cassio Cortez is reacting to shocking testimony from an
Speaker 1: aide to former White House Chief of Staff Mark Meadows,
Speaker 1: who testified before the January six panel. She spoke on
Speaker 1: the CBS Late Show with Stephen Golbert. They knew that
Speaker 1: what they were doing was wrong. At the very end
Speaker 1: of this hearing, you hear that Mark Meadows, the chief
Speaker 1: of Staff to the President himself, asked for a pardon
Speaker 1: because he knew that he was breaking the law. Congresswoman
Speaker 1: o'cassio Cortez says those who sought partners should be expelled
Speaker 1: from the house. Former socialite Galain Maxwell was sentenced to
Speaker 1: twenty years in prison for her role in helping Jeffrey
Speaker 1: Epstein sexually abused underage girls. Meanwhile, R and B star
Speaker 1: R Kelly will be sentenced today in Brooklyn. He was
Speaker 1: convicted of racketeering and accused of sexual misconduct. Global News
Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty seven d journalists and analysts
Speaker 1: more than a hundred twenty countries. Michael Barren, this is
Speaker 1: Bloomber Nathan Okay, Michael, thank you, we're kind of It's
Speaker 1: a sixth cent on Wall Street. Time for the Bloomberg
Speaker 1: Sports Update with John stash Ower. All right, Nathan, is
Speaker 1: the Yankees keep winning. The numbers become more staggering. Their
Speaker 1: record seventy five games in his fifty five and twenty
Speaker 1: it's the sixth best in baseball history. At least, it's
Speaker 1: one another game that didn't exactly crush the opponent, but
Speaker 1: to one victory over Oakland. The star was a guy
Speaker 1: who had been toiling in the miners almost all season.
Speaker 1: But twice now the Yanks have called on twenty six
Speaker 1: year old rookie JP Sears to come up from Scranton
Speaker 1: and him two starts. He is not allowed to run
Speaker 1: Oz Travino RBI single first Anymorewin Gonzalez solo homer the second,
Speaker 1: the A's only run game with two outs in the
Speaker 1: nin thought play homes. He was still got able to
Speaker 1: get his thirteenth Say Day game today, and then the
Speaker 1: Yanks go on the road for ten. Houston Astros split
Speaker 1: that four game series with the Yankees State in New
Speaker 1: York beat the Mets nine to one. File Tucker three
Speaker 1: run Homer first and even off Carlos Carrasco, Jordan Alvarez
Speaker 1: and Jury Gurry. I'll two run shots in the fifth.
Speaker 1: The Mets was shut out until the ninth. Does NBA
Speaker 1: rate and he kicks off tomorrow. Multiple reports the Knicks
Speaker 1: will land Jalen Brunson. Nicks just traded Alec Birks and
Speaker 1: new Lands Noel to Detroit to clear more salary cap space.
Speaker 1: Brunson opened eyes with a forty one point playoff game
Speaker 1: for Dallas. His father was recently hired to be a
Speaker 1: Knick's assistant and the son of Nick's president Leon Rose
Speaker 1: is Brunson's agent. Ed Wimbledon, the return of Serena Williams
Speaker 1: did not last long, though her match took over three hours.
Speaker 1: She lost the third set tidebreaker the harmony. Ton then
Speaker 1: reflected a bit on her brilliant career the game. You
Speaker 1: know something that I never kind of set out to
Speaker 1: do um and then somehow I did it. Somehow I'm
Speaker 1: Serena and it's pretty awesome. Says She's going to play
Speaker 1: the US Open. John stash Award Bloomberg Sports Steven Okay, John,
Speaker 1: thank you. Right now. S and P futures are moving
Speaker 1: a touch lower. They're down five points down, futures down
Speaker 1: six dance that futures down twenty five points as we
Speaker 1: await a very important conversation with three the most important
Speaker 1: central bankers in the world. Francine Lockwab Bloomberg joins us
Speaker 1: next from the ECB Forum in centrop. This is Bloomberg
Speaker 1: and Bloomberg day Break is brought to you by Hofstra
Speaker 1: University's Frank G's r School of Business, tough breaked online
Speaker 1: NBA program with a real world foundation. Learn more at
Speaker 1: Hofstra dot e, d U slash go grad markets, headlines
Speaker 1: and breaking news twenty four hours a day, at Bloomberg
Speaker 1: dot Com, the Bloomberg Business at and at Bloomberg Quick Tape.
Speaker 1: This is a Bloomberg Business slash and I'm Camering Moscow.
Speaker 1: European stocks are dropping on renewed worries about economic growth.
Speaker 1: Is monetary policy Titans and much of the world to
Speaker 1: fight inflation. U Stock Index futures are also lower this morning.
Speaker 1: After a tech led slide for the SMP five yesterday,
Speaker 1: we checked the markets every fifteen minutes throughout the trading day.
Speaker 1: On Bloomberg, I guess and P futures down about e points.
Speaker 1: Now futures they're little change. Nasday features down thirty six.
Speaker 1: The decks in Germany is down one point seven per cent.
Speaker 1: It continues to extend its to coins to ten. Your
Speaker 1: treasury up one thirty second. You have three point was
Speaker 1: six percent, a yield on a two year three point
Speaker 1: nine percent nine Next, Screwed oil is up four tenths
Speaker 1: per cent or forty nine cents at a hundred ten
Speaker 1: dollars twenty six cents a barrel. Comics gold is down
Speaker 1: about two tenths per cent or two dollars eighty cents
Speaker 1: at eighteen eighteen fifty announced. The euro one point oh
Speaker 1: five to zero against the dollar, British pound one point
Speaker 1: to one six nine and the yen one thirty six
Speaker 1: point four four. Bitcoin this morning lower down nine ten
Speaker 1: percent at twenty thousand and sixty dollars. And as a
Speaker 1: Bloomberg Business Flash, now here's Michael Barr with more on
Speaker 1: what's going on around the world. Muggle Karen, thank you
Speaker 1: very much. A former White House aide portrait of violent
Speaker 1: and how to control Donald Trump in his presidency's final weeks,
Speaker 1: saying she was told that he reached for the steering
Speaker 1: wheel and lunged at a Secret Service agent to try
Speaker 1: to stop him from traveling to the Capitol to join
Speaker 1: the last year's insurrectionist mob on January six. Meanwhile, in
Speaker 1: a truth social post, former President Trump says it didn't happen.
Speaker 1: A historic NATO someone is getting underway in Madrid. Finland
Speaker 1: and Sweden are expected to get their invitations to join
Speaker 1: the alliance amid a Russian aggression. In baseball, the Yankees
Speaker 1: beat the A's to one. The Mets lost, along with
Speaker 1: the Red Sox and Orioles, the Nationals and Giants. One
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quick Take, powered by more than twenty seven
Speaker 1: hundred journalist and analysts more than a hundred twenty countries. Um,
Speaker 1: Michael Barr and this is Bloomberg. Nathan all right, Michael,
Speaker 1: thank you. It is six nineteen on Wall Street Live
Speaker 1: from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak
Speaker 1: on the morning, where we're awaiting a very important conversation
Speaker 1: with on a global monetary policy. Federal Reserve Chairman Jerome Powell,
Speaker 1: European Central Bank President Christine Lagarde, and Bakon England Governor
Speaker 1: Andrew Bailey will share a stage later this morning at
Speaker 1: the ECB Forum on Central Banking in the resort city
Speaker 1: of CenTra, Portugal and joining us Now is someone else
Speaker 1: was going to be on the stage with these policy powerhouses.
Speaker 1: Francine la Qua very own editor at large for Bloomberg News,
Speaker 1: co anchor of Bloomberg Surveillance Early edition on Bloomberg Television.
Speaker 1: Francine really appreciate the time, because I know you've been
Speaker 1: very busy with interviews of your own from the ECB Forum,
Speaker 1: but I'm really curious to get a glimpse at least
Speaker 1: of what's on your question list for Powell and company
Speaker 1: this morning. Well, I think everything will be dominated, of
Speaker 1: course by inflation, and we're really trying to understand what
Speaker 1: the economic price that some of these central bankers are
Speaker 1: willing to pay to make sure that the inflation is
Speaker 1: under control. And I just stepped out from a panel
Speaker 1: on inflation. We Handlritt and Mestro on that and she just,
Speaker 1: you know, she mints to know what she basically at
Speaker 1: the US Federal Reserve is just at the beginning of
Speaker 1: raising interest rates to control inflation. And what was extremely
Speaker 1: interesting for me was she started talking about assumptions on
Speaker 1: anchored inflation. Now. I had several conversations, for example, with
Speaker 1: the South African Reserve Bank governor and a couple DC
Speaker 1: Beginning Council members on TV earlier, and there's a different
Speaker 1: perspective if you're an emerging market. So if you're an
Speaker 1: emerging markets you probably would have frontloaded this because you
Speaker 1: saw inflation coming, you saw out of the structural concerns
Speaker 1: out there, and you would have thought that actually the
Speaker 1: worst case scenario is that there's some kind of deflation. Right,
Speaker 1: So they think that dealing with inflation for monetary policy
Speaker 1: consential banks point of view is easier than dealing with
Speaker 1: what you know, the Bank of Japan, for example, has
Speaker 1: to dealing with the last ten years. But then you
Speaker 1: listen to write Amester and she mentioned research and think
Speaker 1: that's more costly for policy makers to be wrong about
Speaker 1: inflation expectations being well anchored when they're not, as opposed
Speaker 1: to aronnings for assuming that they're rising when they're actually
Speaker 1: well anchored. And I think this goes to the debate
Speaker 1: around the world. You know, how do we get to
Speaker 1: a wage spiral If people read about inflation, if they're
Speaker 1: worried about their cost of living, they're going to start
Speaker 1: asking for raises, and this is when central banks could
Speaker 1: actually use control. Yeah, it's very interesting to hear this
Speaker 1: debate moving forward when it comes to in lation expectations
Speaker 1: potentially being anchored. When we think about the type of
Speaker 1: inflation that we're seeing in this global economy that's driven uh,
Speaker 1: not just by the after effects of the pandemic, but
Speaker 1: now a war in Ukraine and supply chain interruptions as well,
Speaker 1: and how much control do central banks have over those
Speaker 1: kinds of UH factors that are outside monetary supply. Yeah,
Speaker 1: and that's a million dollar question. I mean, if you
Speaker 1: look at the current inflation situation is definitely very challenging.
Speaker 1: But again it's different if you're sitting in the UK,
Speaker 1: the Macau. England has the added challenge of Brexit. So
Speaker 1: many people left during COVID. Many people went back home
Speaker 1: to Europe and have not come back, so it's extremely
Speaker 1: difficult to fill jobs, which is why a lot of
Speaker 1: the rising inflation doesn't only come from airline tickets. Like
Speaker 1: we're seeing in Europe. But it comes from people saying, look,
Speaker 1: you want me to hire me, pay me more. And
Speaker 1: so that is a challenge that to bank in England
Speaker 1: has that the FED doesn't. They have a whole other
Speaker 1: set of problems. Um, of course it's different in you
Speaker 1: know where we are in the cycle. Uh, there's been
Speaker 1: this huge scene in the US which she didn't have,
Speaker 1: which must contribute also to inflation expectations. And then I
Speaker 1: was thinking at imposement the peters In Institute and look,
Speaker 1: he was saying the ECB is probably maybe behind the curve,
Speaker 1: but their supply um shocks are really shooting these inflations.
Speaker 1: I remember having conversations with Christine Laguard l September and
Speaker 1: October and they said, yes, there's an inflation problem in
Speaker 1: the less, Yes there's an infituation problem in the UK.
Speaker 1: But she didn't see him coming here in Europe. So
Speaker 1: you know, maybe it makes it easier because they need
Speaker 1: to hike less rates. But it also came a bit
Speaker 1: of a shock because of the word in Ukraine. UM,
Speaker 1: so you know she hadn't preempted that with any hikes
Speaker 1: at all. Fascinating and we're looking forward to many more
Speaker 1: insights in just about two and a half hours or so,
Speaker 1: when Francine Lackroise conversation begins nine am While Street Time
Speaker 1: with the Chairman of the Federal Reserve, Jerome Powell, the
Speaker 1: President of the European Central Bank, Christine Leguard, Governor Andrew
Speaker 1: Bailey the Bank of England, and Augustine Carston's of the
Speaker 1: Bank for International Settlements all joining Francine this morning from
Speaker 1: the ECB Forum in CenTra. Again. Our coverage kicks off
Speaker 1: nine am Wall Street Time right here on Bloomberg Radio.
Speaker 1: You can catch it as well on Bloomberg Television. Again Francine,
Speaker 1: as always, thanks for the time, and UH try to
Speaker 1: get a little rest once all this is over. It
Speaker 1: has been a very busy ECP Forum in Centrome. Looking
Speaker 1: ahead to the market open this morning, UH futures are
Speaker 1: adding to some of their losses. Now we have SMP
Speaker 1: futures now down seven points down, futures down nineteen NASDAC
Speaker 1: futures are lower by thirty six points. Tenure Treasury is
Speaker 1: up one thirty second. The yield three point one six percent.
Speaker 1: The yield on the two year three point one zero percent.
Speaker 1: This red headline just across the Bloomberg terminal. The UK
Speaker 1: has sanctioned Vladimir potent In, former first Prime Minister of Russia,
Speaker 1: one of the Oligarchs. This is Bloomberg Bloomberg eleven three
Speaker 1: oh weather partly the mostly sunny mid eighties for hist
Speaker 1: today could hit ninety tomorrow, low nineties, maybe nine five
Speaker 1: on a sunny and hot start to July. Right now
Speaker 1: sixty six in Central Park, broadcasting live from the Bloomberg
Speaker 1: Interactive Broker studio in New York. Bloomberg Living Free, Go
Speaker 1: to Washington, d C. Bloomberg to Boston, Bloomberg one O
Speaker 1: six one does San Francisco, Bloomberg nine sixty to the country.
Speaker 1: Sirius xm H had a one nine team and around
Speaker 1: the globe of Bloomberg Business app and Bloomberg Radio dot Com.
Speaker 1: This is Bloomberg Daybreak six thirty on Wall Street. Good morning,
Speaker 1: I'm Nathan Hager and I'm Karen Moscow. We are about
Speaker 1: three hours away from the open of US trading. Kind
Speaker 1: to the five things you need to know to start
Speaker 1: your day, Brought to you by Interactive Brokers. Interactive Brokers
Speaker 1: Global Analysts helps you find new global investment opportunities to
Speaker 1: diversify your portfolio and discover undervalued companies that may have
Speaker 1: greater growth potential. Try IBK our Global Analysts today at
Speaker 1: ibkr dot com slash g A. First, we take a
Speaker 1: look at a primary election results in New York. Governor
Speaker 1: Kathy Hokel won the Democratic primary with almost sixty eight
Speaker 1: percent of the vote. She invoked a recent Supreme Court
Speaker 1: rulings in her victory speech, no matter what does the
Speaker 1: pretty part things they can do New Yorkers, you are
Speaker 1: protected protected from tin field weapons, were tecting, were good
Speaker 1: sealed weapons on our subways, in our schools and places
Speaker 1: like this. Governor Kathy Hukel defeated Jamanni Williams and Tom Swawsey.
Speaker 1: Lee Zeldin won the GOP primary for governor with of
Speaker 1: the vote over Andrew Giuliani, the son of former Mayor
Speaker 1: Rudy Giuliani. Sather primaries have no Last night, Karen Republicans
Speaker 1: in Colorado rejected two candidates aligned to former President Trump.
Speaker 1: Tina Peters lost to Pam Anderson for Secretary of State.
Speaker 1: Anderson had forty three percent of the vote. Ron Hanks
Speaker 1: lost the Senate nomination to Joe O'Day he's often acknowledged.
Speaker 1: President Biden one day had fifty four percent of votes. Meantime,
Speaker 1: Nathan Too hard line conservatives came out winners last night,
Speaker 1: and Lauren and Bobird got sixty percent of the vote
Speaker 1: in Colorado's third congressional district. And in Illinois, Republican Mary
Speaker 1: Miller won her House seat primary with fifty seven percent
Speaker 1: of the vote. She called overturning Roe v. Wade quote
Speaker 1: a historic victory for white life. Her spokesperson said she misspoke.
Speaker 1: Turning overseas Karen, Finland and Sweden are closer to NATO membership.
Speaker 1: Turkey agreed to drop its objections to the nation's joining
Speaker 1: the alliance. Well and Market's nathan Us futures are lower
Speaker 1: this morning, as follows yesterday sell off, which saw all
Speaker 1: three major indexes tumble, but well as Fargo equity strategists
Speaker 1: and A. Hans says, there are still positive signs. We're
Speaker 1: not particularly negative on base or financials, but in general,
Speaker 1: I think the cixlicality exposure of our portfolio should start
Speaker 1: picking really where to remove some of that and replace
Speaker 1: it with things that will have good growth, at least
Speaker 1: corporate earnings growth well as Fargos and A Hans said
Speaker 1: the economy could still be headed for a mile recession.
Speaker 1: And later this morning, Karen fed Chair j pal ECB
Speaker 1: President Christine Lagarde, Bank for International Settlement CEO Augustine Carston's
Speaker 1: and Bank of England Governor Andrew Bailey speak at the
Speaker 1: second day of the e c V Forum in Portugal.
Speaker 1: Bloomberg's fancying Law in view All four live on Bloomberg
Speaker 1: Radio and Television at nine am Wall Street Time. And
Speaker 1: that's five things you need to know to start your day.
Speaker 1: Brought to you by Interactive Brokers and straight Ahead. We
Speaker 1: have your local headlines, plus a checkup sports, and this
Speaker 1: is Bloomberg. Thanks Karen. Six thirty three on Wall Street,
Speaker 1: sixty seven degrees in Central Park. Still very slow on
Speaker 1: the Gothels Bridge ramp to the New Jersey Turnpike, though
Speaker 1: they're making progress. Details coming up in traffic First Michael
Speaker 1: Barr with what else is going on in New York
Speaker 1: and around the world. Michael, thank you very much, Nathan.
Speaker 1: While Governor Hokel and Lee's held En will square off
Speaker 1: in the fall, other primary contests were settled in New York.
Speaker 1: Democrat Anthony Delgado one for lou Tenant governor, with Tuesday's
Speaker 1: election in New York covered statewide offices and state Assembly races,
Speaker 1: but primary elections for US House seats and the state
Speaker 1: Senate will be held August. Meanwhile, as we've mentioned, Andrew
Speaker 1: Giuliani came up short in his run for the GOP
Speaker 1: nomination for governor. And I want to thank somebody who
Speaker 1: I love with all my heart, America's Mayor Rudy Giuliani.
Speaker 1: Former Mayor Rudy Giuliani helped campaign for his son, but
Speaker 1: on Sunday, he claimed that he was assaulted by a
Speaker 1: heckler at a Staten Island supermarket. However, current Mayor Eric
Speaker 1: Adams suggested that Rudy Giuliani be investigative for filing a
Speaker 1: false police report. Adam says, when you look at the video,
Speaker 1: the guy basically walked by and patted him on the back,
Speaker 1: and that's when Giuliani shot back, he is an idiot
Speaker 1: because I didn't file a report. Can you imagine that
Speaker 1: he watched to prosecute me for filing a false report
Speaker 1: I didn't file. His police department filed the report. Juliani,
Speaker 1: who was seventy eight earlier said the backslap was as
Speaker 1: if a boulder hit me. New York Democratic Congresswoman Alexandria
Speaker 1: Ocasio Cortez is reacting to shocking testimony from an aid
Speaker 1: to former White House Chief of Staff Mark Meadows, who
Speaker 1: testified before the January six penel. She spoke on the
Speaker 1: CBS Late Show with Stephen Colbert. I do believe that
Speaker 1: many of these individuals need to be prosecuted to the
Speaker 1: fullest extent of the law in order to establish and
Speaker 1: to prove to ourselves and to the world that there
Speaker 1: is rule of law in the United States of the
Speaker 1: Congresswoman o'cascio Cortez. Former socialite GALAINN. Maxwell was sentenced the
Speaker 1: twenty years in prison for her role in helping Jeffrey
Speaker 1: Epstein sexually abused underage girls. Prosecutors say Epstein would have
Speaker 1: been unable to exploit girls as young as fourteen without
Speaker 1: the help of his longtime companion Maxwell. Maxwell addressed the
Speaker 1: court saying that her association with Epstein was the greatest
Speaker 1: regret of her life and that she hoped her conviction
Speaker 1: would bring the victims some peace. R and b artists
Speaker 1: R Kelly faces sentencing today in Brooklyn Federal Court after
Speaker 1: he was convicted last year of racketeering. Prosecutors of as
Speaker 1: force sentence and excess of twenty five years. Global News
Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty journalist and analysts more than
Speaker 1: a hundred twenty countries. Michael bar and this is Bloomberg, Nathan,
Speaker 1: Thank you, Michael, Almost six thirty six on Wall Street.
Speaker 1: John Stash hours here at the Bloomberg Sports Updates. All right, Nathan.
Speaker 1: Even when the Yankees decided to give their starting pitchers
Speaker 1: an extra day off and call up a rookie from
Speaker 1: the minors, he excels. Twenty six year old JP Sears,
Speaker 1: once an eleventh round draft pick by Seattle in Preston
Speaker 1: spring training, made the team and then got sent down.
Speaker 1: And he's pitched to an e r A under two
Speaker 1: for Stranton and two Yankee starts he has not allowed
Speaker 1: to ron Yanks with two early runs that held up.
Speaker 1: They topped Oakland two to one. Here's Aaron Boone on Sears.
Speaker 1: Huge step up outing by him. He's he's having a
Speaker 1: great season all round, and he's and he's done it
Speaker 1: every opportunity he's gotten up here, so great job by
Speaker 1: j P. Sers has made some Yankee history, wearing number
Speaker 1: ninety two. That's the highest ever warned by a starting pitcher.
Speaker 1: The Yanks bring their fifty five and twenty record into
Speaker 1: a day game today. The Mets never in edit City Field.
Speaker 1: Houston got a Kyle Tufter a three ring homer first inning.
Speaker 1: They hit two more homers in the fifth, and the
Speaker 1: Astros one nine to one in Atlanta one and the
Speaker 1: Braves are not only four games behind. The Knicks have
Speaker 1: been searching for a quality point guard for a long time,
Speaker 1: and multiple reports they will sign Jalen Brunson away from Dallas,
Speaker 1: perhaps as early as tomorrow night, when free agency begins.
Speaker 1: Brunson's father once played for the Knicks, and Rick Brunson
Speaker 1: was just hired as a Knicks assistant coach. Nicks just
Speaker 1: traded Alec Berks and Netherlands Noel to Detroit to clear
Speaker 1: more salary cap space. The Utah Jazz said to have
Speaker 1: their new coach, thirty four year old will Hardy, who's
Speaker 1: been an assistant in Boston before. That name was with
Speaker 1: San Antonio Serena. Williams ousted opening around at Wimbledon lost
Speaker 1: the third set tiebreaker on center court. Today it's the
Speaker 1: hard serving American John Isner taking on one time Wimbledon
Speaker 1: champ Andy Murder. John Bloomberg Sports. Thanks John on Wall Street.
Speaker 1: Time to take a look at stock some of the
Speaker 1: names moving in the pre market. Bloomberg Radio and TV
Speaker 1: Markets correspondent Createy Gupta is with us and look at
Speaker 1: this created starting off a pre market report with Tesla.
Speaker 1: I know it's such a rare occurrence, isn't And I'm
Speaker 1: really taking s l a focus. Is your taker here
Speaker 1: down about one point six percent. This comes actually off
Speaker 1: a Bloomberg scoop by very On, Ed Ludlow and Donna Hole.
Speaker 1: Tesla laying off about two hundred autopilot workers. This is
Speaker 1: important that most of them are hourly. And remember this
Speaker 1: follows a lot of the conversation that Elon Musk had
Speaker 1: had about whether or not he was actually going to
Speaker 1: lay off about ten percent of his workforce, I believe
Speaker 1: is what he tweeted at one point. What was reported
Speaker 1: he then going back and said, well, actually, no, we're
Speaker 1: not going to do ten percent. That's unreasonable. Uh. And
Speaker 1: of course this is also coming in the wake of
Speaker 1: the potential deal with Twitter, which is still on pause
Speaker 1: by the way, So essentially what happens with Tesla is
Speaker 1: all most seen as maybe a precursor, as a harbinger
Speaker 1: of some sorts of what might just happen with Twitter,
Speaker 1: at least when it comes to salaries and when it
Speaker 1: comes to hiring in the face of a potential recession risk.
Speaker 1: So that scooped t s l A down about one
Speaker 1: point six percent. Let's stick with those ev makers here
Speaker 1: and look at Neo because Nio is your taker, down
Speaker 1: about seven point three percent. This comes after the short
Speaker 1: seller Grizzly Research published a report alleging that the electric
Speaker 1: car maker used battery sales to a related party to
Speaker 1: inflate revenue and boost net income margins. Of course, the
Speaker 1: company did reject those claims. Nevertheless, it is still doing
Speaker 1: the damage in the pre market this morning, and I
Speaker 1: owe Nathan down seven. Now we're seeing some big damage
Speaker 1: in terms of the value price of a cruise line
Speaker 1: as we think about getting out of the pandemic, maybe
Speaker 1: taking a vacation this summer. Well, the concern here is
Speaker 1: that what if you get another massive demand shock, what
Speaker 1: if you get another variant, what if you have that
Speaker 1: recession risk, and that's exactly what Morgan Stanley analysts are
Speaker 1: warning about this morning when it comes to Carnival Cruise
Speaker 1: Line c c L is your Taker. Of course, there
Speaker 1: is that rebound. What they're saying, well, the risks here
Speaker 1: are still quite high in terms of the macro economic
Speaker 1: shocks that you might get. That note seeking the stocks
Speaker 1: this morning down about eight point four percent, So well,
Speaker 1: of course, see if we do get that demand shock.
Speaker 1: But let's also talk about the tech story, because as
Speaker 1: we talked about demand, tech can kind of be a
Speaker 1: little bit of a haven. So can social media companies,
Speaker 1: even though they are kind of exposed to that cyclical nature,
Speaker 1: to that demand story. And for that, let's look at
Speaker 1: Pinterest here. P I n s A is Your Taker
Speaker 1: is actually an upside story this morning up three point
Speaker 1: seven percent, Nathan. This comes as the company's co founder
Speaker 1: and CEO Ben Silverman hamps the reins to Google and
Speaker 1: PayPal veteran Bill Ready and they signed the social media
Speaker 1: company will focus more on e commerce. That's a big
Speaker 1: deal when it comes to how a lot of these
Speaker 1: social media names, Twitter included can actually monetize some of
Speaker 1: their platform interesting to see a tech name moving higher
Speaker 1: when we've seen so many losses for the tech heavy
Speaker 1: NASTAC index over the last few days. Pret Guftamberg on
Speaker 1: TV Markets correspondent with us this morning in the pre market,
Speaker 1: looking ahead to the open, Futures are moving lower. SMP
Speaker 1: futures down six point, STAFF futures down eighteen NASDAC futures
Speaker 1: down twenty eight points. The tenure treasury yield right now
Speaker 1: three point one six per cent. You're listening to Bloomberg
Speaker 1: Daybreak Bloomberg eleven three oh weather sunshine at a high
Speaker 1: near eighty five today will wrap up the month of
Speaker 1: June with a high ner ninety degrees. Get even hotter
Speaker 1: as we kick off July Friday. High and your right
Speaker 1: now sixty six in Central Park Markets, headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot Com,
Speaker 1: The Bloomberg Business at Hand at Bloomberg Quicktake. He's He's
Speaker 1: a Bloomberg business flash and I'm Karen Moscow. US stock
Speaker 1: index futures are moving lower this morning following yesterday's sell off,
Speaker 1: and we go to the first and breaking news dance
Speaker 1: for today's Marine Carl. Here's the Maloney Bill Good morning
Speaker 1: and good morning, Karen. That's right. Modest losses in the
Speaker 1: U S futures right now at down futures down thirty
Speaker 1: four point, says apes drop eleven one, nest that futures
Speaker 1: are off by fifty the US ten year old at
Speaker 1: three point one six percent, Gold is little, chain oil
Speaker 1: trading higher, and Bitcoin is lower by one percent. Shanghai
Speaker 1: dropped one point four percent overnight, while up markets are
Speaker 1: firmly in the red this morning, led by two percent
Speaker 1: losses in Germany. Back in the US on the Economic
Speaker 1: Frinday thirty U s q N A G d P
Speaker 1: and after the bellast night, Disney extended the contract of
Speaker 1: CEO Bob CHPEC for three years. Regarding earnings this morning,
Speaker 1: McCormick missed estimates. Also look for general mills and paychecks
Speaker 1: to report in the pre market. Another news mestrs says
Speaker 1: the Fed is just at the beginning of raising US rates,
Speaker 1: and JP Morgan cut earnings estimates across the board in
Speaker 1: big text stocks. Wrapping things up, Altria was cut to
Speaker 1: underweight at Barkley's zero price cut to underperform over at
Speaker 1: keep w Live from the first breaking news sscom Bill
Speaker 1: Maloney k alright, Bill, thank you to hear live breaking
Speaker 1: news of your Bloomberg type squawk on your terminal, s U, U, A,
Speaker 1: w K and s A Bloomberg Business Flash. Now here's
Speaker 1: Michael Barr with more on what's going on around the world.
Speaker 1: Michael Karen, thank you very much. Explosive testimony and yesterday's
Speaker 1: hearing on the January six Attech on the Capitol, Former
Speaker 1: White House aide Cassidy Hutchinson testified that the former president
Speaker 1: wanted to join the crowd at the Capitol but was
Speaker 1: refused by his security. The tail NATO leaders a meeting
Speaker 1: in Madrid amid what Secretary General Yen Stoltenberg calls the
Speaker 1: most serious security crisis we faced since the Second World War.
Speaker 1: Russia's invasion of Ukraine has shattered Europe's peace and driven
Speaker 1: NATO to pour troops and weapons into Eastern Europe. In baseball,
Speaker 1: the Yankees beat the A's to one. The Mets lost
Speaker 1: along with the Red Sox and Orioles. The Nationals and
Speaker 1: Giants won Global news twenty four hours a day on
Speaker 1: air and on Bloomberg Quick Take, powered by more than
Speaker 1: hundred journalist man US countries. I'm Michael Barr and this
Speaker 1: is Bloomberg Karron. Alright, Michael, thank you. Sixty nine on
Speaker 1: Wall Street returned to News and Science and Technology Now
Speaker 1: with a Bloomberg and j I T Stem Report, brought
Speaker 1: to you by New Jersey Institute of Technology and j
Speaker 1: I T is dedicated to bolstering support for female and
Speaker 1: minority students pursuing careers and high paying STEM industries. Learn
Speaker 1: more at n j I T dot E d U
Speaker 1: and now Here's what's making news and science, Technology, Engineering,
Speaker 1: and MATH. US regulatory advisor say COVID shots from Fiser
Speaker 1: and Maderna should be updated to include components that target
Speaker 1: the highly transmissible omicron variant. That's the version of the
Speaker 1: virus that causes most of the world's cases. Members of
Speaker 1: the panel that advised the FDA voted nineteen to two
Speaker 1: Tuesday in favor of recommending adding an omicron specific element
Speaker 1: to the shots. The FDA does not have to follow
Speaker 1: the recommendations, but it usually does. Chinese President Chijin Pang
Speaker 1: said the COVID zero policy is the most economic and
Speaker 1: effective for China, and the country is capable of its
Speaker 1: eaving the goal of stamping out infection. He made the
Speaker 1: comments supported by state media on a visit to Wilham,
Speaker 1: this city where the virus first emerged in late and
Speaker 1: the European Union is effectively heralding the end of the
Speaker 1: era of internal combustion engines. EU members have endorsed a
Speaker 1: push to eliminate carbon emissions from new cars by environment
Speaker 1: ministers struck a deal after Italy, the home of Ferrari
Speaker 1: and Lamborghini supercars, gave up demands for a five year delay,
Speaker 1: and as a Bloomberg and j I t Stem report,
Speaker 1: Nathan all right, Karen, thank you. We are live from
Speaker 1: the Bloomberg Interactive Brokers studios where it's almost six fifty
Speaker 1: one on Wall Street. Now it's time to check what's
Speaker 1: going on in d C. Some of the top stories
Speaker 1: in our nation's capital include that vivid testimony from a
Speaker 1: former White House aid about former President Trump's rage on
Speaker 1: January six, Jenny Thomas, the wife of Supreme Court Justice
Speaker 1: Clarence Thomas, declining to testify before the House January sixth
Speaker 1: Panel and Primary Elections attested former President Trump's hold on
Speaker 1: the GOP and abortion rights as an issue for primary voters.
Speaker 1: Bloomberg Government reporter Emily Wilkins joins US Live this morning
Speaker 1: after the surprise hearing on Capitol Hill. Emily, it might
Speaker 1: be a little bit tough to pick out even one
Speaker 1: or two portions of Cassidy Hutchinson's testimony that stood out.
Speaker 1: There was a lot that she had to say. It
Speaker 1: was Nathan and it was I think really the first
Speaker 1: time that we've heard in vivid detail a TikTok of
Speaker 1: what Trump uh did, said, and how he behaved on
Speaker 1: January six from someone who was very close to the president,
Speaker 1: both in terms of proximity and simply in terms of
Speaker 1: being in the room frequently with his chief of staff
Speaker 1: Mark Meadows. Uh. One of the big things that that
Speaker 1: we heard yesterday, UM, was that Trump when he initially
Speaker 1: spoke at the rally that was closer to the White
Speaker 1: House in the Capitol, he was told that a number
Speaker 1: of people in the crowd had weapons, and he's Trump
Speaker 1: asked that mag Thompers be taken down, that the folks
Speaker 1: with weapons be led into the rally space, saying, quote,
Speaker 1: they're not here to hurt me. Um. And of course
Speaker 1: that was a very very impactful testimony. Um. There's also
Speaker 1: Hudgenson also said at this point that there was a
Speaker 1: time where when Trump was told he wasn't taken to
Speaker 1: the camp, when he didn't want to go to the Capitol,
Speaker 1: when the Secret Service rather would not take him to
Speaker 1: the capital, that he actually lunched for the steering wheel
Speaker 1: of the vehicle tried to push past the Secret Service agents.
Speaker 1: Although at this point we are now hearing from the
Speaker 1: Secret Service, and we're hearing reporting saying that these agents
Speaker 1: are refuting that account. So I think there's a lot
Speaker 1: of questions right now about exactly what's going to happen
Speaker 1: with this testimony. I think for some people, they're they're
Speaker 1: hearing the uh. Other individuals pushed back, but of course
Speaker 1: no one at this point has said they're going to
Speaker 1: swear an oath, sit down with the committe and say
Speaker 1: it on the record. Um. And certainly yesterday's hearing ended
Speaker 1: with the chairman, Benny thomp said, inviting anyone who did
Speaker 1: have more information for the committee to come forward. And
Speaker 1: we've had heard some reaction as well from former President Trump.
Speaker 1: He posted quite a bit on his truth social platform
Speaker 1: saying that he denies that he lunged at the Secret
Speaker 1: Service agent from the limo. He says that Cassidy Hutchinson
Speaker 1: is a disgruntled former employee who applied for a job
Speaker 1: in Florida and was turned down. What could that potentially
Speaker 1: mean in terms of her credibility her testimony being seen
Speaker 1: by voters. Well, I don't think it's very surprising that
Speaker 1: that Trump is trying to Trump and his allies are
Speaker 1: trying to discredit and downplay this testimony. Um. Certainly they
Speaker 1: know that these January six hearings have had a big impact. Uh.
Speaker 1: We have recording that Trump has been watching the hearings.
Speaker 1: And just to be clear, it was Bloomberg that actually
Speaker 1: reported that Casey Hutchins said was one of several White
Speaker 1: House aids who are hoping to go tomorrow Lago with Trump.
Speaker 1: So that is that's that's that is our own reporting
Speaker 1: from from our White House really award winning fantastic White
Speaker 1: House team. UM. And I think it just sort of
Speaker 1: adds a question mark, uh into it. But at the
Speaker 1: same point, it was such a vivid testimony, um. And
Speaker 1: it was such great detail, and it's been a part
Speaker 1: of these very well orchestrated hearings that have very much
Speaker 1: I had a mind to ensuring that Americans really have
Speaker 1: the full narrative of what happened not just on January six,
Speaker 1: but in the days leading up to it. So I
Speaker 1: think we're gonna still see how it shakes out. Obviously,
Speaker 1: we have more hearings, at least two coming in July,
Speaker 1: and then we have the committee's report and the committee,
Speaker 1: if you'll remember, they were going to meet more this week,
Speaker 1: but they pushed it back because they were getting more
Speaker 1: new information. So we'll see what other twists and turns
Speaker 1: are ahead as more people speak to the committee, UH,
Speaker 1: and they continue their work. Now, we did have one
Speaker 1: other twist and turn overnight when he got a late
Speaker 1: word that Supreme Court Justice Clarence Thomas's wife Jenny is
Speaker 1: declining an invitation to testify before the committee. Right, and
Speaker 1: remember that request came after email service from Trump's lawyer
Speaker 1: John Eastman UH and Jenny Thomas discussing UH efforts UM
Speaker 1: to potentially overturned the election. UH. This is, of course,
Speaker 1: UM more extensive than we previously knew about Jenny Thomas's involvement.
Speaker 1: We knew that she had been texting Mark, the chief
Speaker 1: of staff, Mark Meadows about it, and initially UM Jompson
Speaker 1: had suggested sorry Thomas rather had suggested that she would
Speaker 1: be willing to testify in front of the committee, But
Speaker 1: we got a letter from her lawyer last night, uh,
Speaker 1: saying that she there's not enough reason for the committee
Speaker 1: to speak with her at this point, and there isn't
Speaker 1: a sufficient basis for them to speak with Jenny Thomas. UM.
Speaker 1: Of course, we'll see what could happen next. The Committee
Speaker 1: does have other steps they take to try and compel
Speaker 1: someone to speak with them, but often that can lead
Speaker 1: to a lengthy legal process in the courts. Only about
Speaker 1: a minute left here, Emily, But what stands out to
Speaker 1: you from last night's primary results? So I think this
Speaker 1: was a really good night, uh if you are Trump.
Speaker 1: A number of his candidates who have been backed one
Speaker 1: major primaries. Uh. In Illinois, I think there's one of
Speaker 1: the big states. Uh. You saw there for the governor's race,
Speaker 1: Trump's backed candidate UM beat out a more well known,
Speaker 1: better funded Republican in that primary. And also in a
Speaker 1: Illinois House race that pitted to sitting members to sitting
Speaker 1: Republicans of Congress against each other, the Trump backed candidate
Speaker 1: beat sort of the more established, slightly more mainstream candidate Bloomberg.
Speaker 1: Government reporter Emily Wilkins. As always, thanks for keeping us
Speaker 1: up to speed on what's happening in d C. Read
Speaker 1: more about all these stories on Bloomberg dot com or
Speaker 1: on the Bloomberg terminal, and you can follow all the
Speaker 1: latest on Bloomberg Radio in Washington Bloomberg and one oh
Speaker 1: five point seven FM h D two. Looking ahead to
Speaker 1: the market, open futures are pointing to slightly more losses
Speaker 1: after the sell off yesterday. We have SMP futures down
Speaker 1: now eight points, now futures down twenty nine, NASTAC fewer
Speaker 1: futures are lower by thirty eight points. Looking at the bonds,
Speaker 1: the tenure Treasury is up three thirty seconds, the yield
Speaker 1: three point one six percent, and the yield on the
Speaker 1: two year right now three point zero nine percent. Nime
Speaker 1: X screwed is up eight tenth percent, or eighty six
Speaker 1: cents at a hundred twelve dollar sixty two cents of barrel.
Speaker 1: Of course, we're looking forward to that ECB Forum conversation
Speaker 1: nine am Wall Street Time. Francine Lockwax sits down with
Speaker 1: FED Chair J Powell, ECB President Christine Lagarde, and Bank
Speaker 1: of England Governor Andrew Bailey. That kicks off at nine
Speaker 1: am Wall Street Time. Bloomberg surveillance is next. This is
Speaker 1: Bloomberg