1 00:00:03,000 --> 00:00:06,560 Speaker 1: Live from the Bloomberg Interactive Burger Studios is Bloomberg Daybreak 2 00:00:06,600 --> 00:00:09,760 Speaker 1: for a Wednesday, August three, two. Coming up the shower, 3 00:00:10,039 --> 00:00:13,400 Speaker 1: Nancy Pelosi vows the US will not abandon Taiwan. We'll 4 00:00:13,440 --> 00:00:16,079 Speaker 1: have the latest from the House Speaker's controversial trade. We 5 00:00:16,120 --> 00:00:19,360 Speaker 1: also have key results from five state primaries, plus feed 6 00:00:19,400 --> 00:00:22,600 Speaker 1: officials doubled down on plants to tighten policy, and shares 7 00:00:22,640 --> 00:00:25,599 Speaker 1: of chip maker a m D slump on a lackluster forecast. 8 00:00:25,960 --> 00:00:28,480 Speaker 1: The Senate has passed the burn Pit Bill after an 9 00:00:28,480 --> 00:00:32,400 Speaker 1: outcry from veterans, Plus the January six missing text case widens. 10 00:00:32,720 --> 00:00:35,839 Speaker 1: Michael Blarner More Ahead, I'm John Stashower and sports more 11 00:00:35,880 --> 00:00:38,360 Speaker 1: trains for the Mets and Yankees they both lost their games, 12 00:00:38,360 --> 00:00:44,520 Speaker 1: and Dodgers broadcasting legend Vin Scully has passed away. That's 13 00:00:44,560 --> 00:00:48,400 Speaker 1: all straight ahead on Bloomberg Daybreak on Bloomberg eleven three, 14 00:00:48,400 --> 00:00:52,480 Speaker 1: on New York, Bloomberg N one, Washington, d C, Bloomberg 15 00:00:52,479 --> 00:00:56,840 Speaker 1: one six one, Boston, Bloomberg nine sixties, San Francisco, Sirius 16 00:00:57,000 --> 00:01:00,320 Speaker 1: XM one nineteen and around the world on Bloomberg Radio 17 00:01:00,440 --> 00:01:07,759 Speaker 1: dot Com and via The Bloomberg Business and Good Morning 18 00:01:07,800 --> 00:01:11,039 Speaker 1: I'm par Moscow, I'm Nathan Hagar. Bloomberg Daybreak brought to 19 00:01:11,040 --> 00:01:13,080 Speaker 1: you by b n y Melon's Pershing learned why the 20 00:01:13,080 --> 00:01:16,560 Speaker 1: world's most sophisticated wealth management that institutional firms rely on 21 00:01:16,680 --> 00:01:20,280 Speaker 1: Pershing to help them improve profitability, create efficiency, attract talent, 22 00:01:20,360 --> 00:01:24,080 Speaker 1: and manage risk at Pershing dot Com. And futures are 23 00:01:24,160 --> 00:01:26,480 Speaker 1: higher this morning six oh one on Wall Street. We 24 00:01:26,560 --> 00:01:29,080 Speaker 1: check the markets every fifteen minutes throughout the trading day 25 00:01:29,160 --> 00:01:31,760 Speaker 1: on Bloomberg S and P futures at fifteen points and 26 00:01:31,800 --> 00:01:34,440 Speaker 1: now futures up a hundred twenty three and NASDACK futures 27 00:01:34,480 --> 00:01:37,240 Speaker 1: up forty eight. The decks in Germany is up a 28 00:01:37,319 --> 00:01:40,440 Speaker 1: quarter of a percent. The tenure treasury down three thirty seconds, 29 00:01:40,680 --> 00:01:43,040 Speaker 1: yield two points seven five percent, and they yield on 30 00:01:43,080 --> 00:01:46,240 Speaker 1: the two year three point oh seven percent. Nathan mccaren 31 00:01:46,280 --> 00:01:48,760 Speaker 1: investors are keeping an eye on what's happening in Taiwan. 32 00:01:48,880 --> 00:01:52,000 Speaker 1: This red headline just across the Bloomberg terminal. Nancy Pelosi's 33 00:01:52,000 --> 00:01:55,480 Speaker 1: plane has taken off following a visit that made major 34 00:01:55,560 --> 00:01:59,240 Speaker 1: waves with China. The House Speaker pledge continued US support 35 00:01:59,280 --> 00:02:04,440 Speaker 1: for Taiwan despite Chinese threats now more than ever, America's 36 00:02:04,480 --> 00:02:08,360 Speaker 1: solidarity with Tom Taiwan is crucial, and that is the 37 00:02:08,400 --> 00:02:11,440 Speaker 1: message we are bringing here today. I'm speaking at a 38 00:02:11,440 --> 00:02:14,640 Speaker 1: meeting with Taiwanese President saying, when Speaker Pelosi talked about 39 00:02:14,639 --> 00:02:18,080 Speaker 1: the recently past bill to boost American made semiconductors the 40 00:02:18,160 --> 00:02:22,480 Speaker 1: chips built, all of these members were instrumental in passing 41 00:02:22,520 --> 00:02:27,639 Speaker 1: that important legislation, which we think offers great greater opportunity 42 00:02:27,720 --> 00:02:32,320 Speaker 1: for US Taiwan economic cooperation. Speaker Pelosi is the highest 43 00:02:32,400 --> 00:02:35,840 Speaker 1: ranking elected US official to visit Taiwan in a quarter century. 44 00:02:35,919 --> 00:02:39,240 Speaker 1: China responded to the trip with new military drills surrounding 45 00:02:39,240 --> 00:02:42,200 Speaker 1: the island and fresh trade curbs on fish, fruit and 46 00:02:42,360 --> 00:02:45,720 Speaker 1: sand for construction. Well, Nathan, the timing of how Spigure 47 00:02:45,720 --> 00:02:49,240 Speaker 1: Pelosi's trip is being questioned by some, including Douglas Luta, 48 00:02:49,320 --> 00:02:52,960 Speaker 1: former US Ambassador to NATO. I'm not sure exactly what 49 00:02:53,080 --> 00:02:55,400 Speaker 1: benefit we're getting from the trip, and it comes to 50 00:02:55,480 --> 00:03:00,239 Speaker 1: the sensitive time just as the three senior executive Ranch 51 00:03:00,280 --> 00:03:04,480 Speaker 1: officials have regained contact with their Chinese counterparts and begun 52 00:03:04,560 --> 00:03:08,800 Speaker 1: to discuss the ramifications of the war in Ukraine. So 53 00:03:09,000 --> 00:03:11,560 Speaker 1: it sort of sets us back I think. Former US 54 00:03:11,600 --> 00:03:14,840 Speaker 1: Ambassador to NATO Douglas Lewis spoke at our Washington corresponded 55 00:03:14,919 --> 00:03:18,320 Speaker 1: Joe Matthew on Bloombergy Sound on Catch the program weekdays 56 00:03:18,360 --> 00:03:21,320 Speaker 1: at five pm Eastern on Bloomberg Radio. Well, another major 57 00:03:21,360 --> 00:03:24,639 Speaker 1: political story we're following Karen involves some key primary races 58 00:03:24,680 --> 00:03:26,919 Speaker 1: across the country, and we get the results from Amy 59 00:03:27,000 --> 00:03:31,480 Speaker 1: Morris in our Bloomberg newsroom in Washington. We begin in Michigan, 60 00:03:31,480 --> 00:03:35,520 Speaker 1: where Trump backed Republican commentator Tutor Dixon faces Democratic comment 61 00:03:35,560 --> 00:03:38,480 Speaker 1: Gretchen Whitmer and the race for governor. In November, Dixon 62 00:03:38,520 --> 00:03:41,760 Speaker 1: won the nomination with of the vote. Three House Republicans 63 00:03:41,800 --> 00:03:44,920 Speaker 1: who voted to impeach Donald Trump, Michigan's Peter Meyer and 64 00:03:45,000 --> 00:03:48,280 Speaker 1: Washington's Jamie Herrera Butler and Dan new House all lost 65 00:03:48,320 --> 00:03:52,280 Speaker 1: their primaries to Trump endorsed candidates. In Missouri, Republican Eric 66 00:03:52,280 --> 00:03:55,160 Speaker 1: Schmidt one the nomination with nearly forty six percent of 67 00:03:55,200 --> 00:03:59,480 Speaker 1: the vote, derailing former Governor Eric Gryden's political comeback. In Arizona, 68 00:03:59,520 --> 00:04:02,400 Speaker 1: Blake Math there's one the GOP primary with seven percent 69 00:04:02,440 --> 00:04:05,200 Speaker 1: of the vote, and he'll face incumbent Senator Mark Kelly 70 00:04:05,200 --> 00:04:08,720 Speaker 1: in November, in Kansas, fifty nine percent of voters rejected 71 00:04:08,760 --> 00:04:12,120 Speaker 1: a proposal to outlaw abortion in Washington. I'm Amy Morris, 72 00:04:12,160 --> 00:04:14,720 Speaker 1: Bloomberg Daybreak. All right, Amy, thank you a little more 73 00:04:14,880 --> 00:04:17,520 Speaker 1: on that abortion vote out of Kansas. As we heard 74 00:04:17,600 --> 00:04:20,640 Speaker 1: Amy say, fifty of voters chose to maintain abortion rights 75 00:04:20,640 --> 00:04:23,600 Speaker 1: in the state. Turn Out in Kansas far exceeded other 76 00:04:23,720 --> 00:04:27,040 Speaker 1: contests in recent years, totally nearly twice as many ballots 77 00:04:27,240 --> 00:04:30,680 Speaker 1: as in eighteens primary election. Let's turn back to markets 78 00:04:30,760 --> 00:04:33,560 Speaker 1: care and they are stabilizing this morning after yesterday's declines 79 00:04:33,600 --> 00:04:37,000 Speaker 1: fueled by anxiety over US China relations and hawkish comments 80 00:04:37,040 --> 00:04:40,080 Speaker 1: from the FED. Back four FED officials pushed back at 81 00:04:40,080 --> 00:04:43,240 Speaker 1: the idea that the central bank could pivot away from tightening. Instead, 82 00:04:43,279 --> 00:04:46,000 Speaker 1: they say there is no sign inflation is easing. Here's 83 00:04:46,040 --> 00:04:51,279 Speaker 1: Cleveland's Larettamester. You don't talk about recession per se. It's 84 00:04:51,320 --> 00:04:55,360 Speaker 1: are we growing below or above trend? And you know 85 00:04:55,440 --> 00:04:57,599 Speaker 1: my forecast for this year is that will be growing 86 00:04:57,640 --> 00:05:03,120 Speaker 1: below trend. But that's necessary in order to get price 87 00:05:03,200 --> 00:05:07,960 Speaker 1: increases inflation under control. Those comments from Cleveland Fed President 88 00:05:08,040 --> 00:05:11,760 Speaker 1: Loretta Mester helped trigger a surge in treasury yields yesterday. St. 89 00:05:11,800 --> 00:05:14,520 Speaker 1: Louis FED President James Bullard says the FED is up 90 00:05:14,520 --> 00:05:18,120 Speaker 1: to the task of tackling inflation, so modern central banks, 91 00:05:18,200 --> 00:05:21,360 Speaker 1: I will try to convince you have more credibility than 92 00:05:21,400 --> 00:05:25,279 Speaker 1: their counterparts in the nineteen seventies. Because of this, it 93 00:05:25,360 --> 00:05:27,760 Speaker 1: seems like the FED and the ECB may be able 94 00:05:27,800 --> 00:05:31,560 Speaker 1: to disinflate in an orderly manner and get a relatively 95 00:05:31,640 --> 00:05:34,799 Speaker 1: soft landing. St. Louis President Jim Bullard reiterated the Central 96 00:05:34,800 --> 00:05:37,640 Speaker 1: Banks should probably increase its benchmark rates to his highest 97 00:05:37,640 --> 00:05:40,279 Speaker 1: four percent by the end of the year. Well. Several 98 00:05:40,320 --> 00:05:42,520 Speaker 1: stocks are on the move this morning. Nathan Shares of 99 00:05:42,560 --> 00:05:45,600 Speaker 1: Advanced micro Devices are down more than five percent. That's 100 00:05:45,640 --> 00:05:48,360 Speaker 1: after the chipmaker gave a lukewarm sales forecast to meet 101 00:05:48,400 --> 00:05:51,640 Speaker 1: the story from Bloomberg Charley Pillett. It indicates that market 102 00:05:51,640 --> 00:05:54,400 Speaker 1: share gains against Intel will not make up for the 103 00:05:54,480 --> 00:05:57,880 Speaker 1: decline in PC demand, and he said revenue in the 104 00:05:57,880 --> 00:06:01,000 Speaker 1: period will be about six point seven million dollars. That 105 00:06:01,120 --> 00:06:04,040 Speaker 1: compares with an average analysts estimate of six point eight 106 00:06:04,040 --> 00:06:07,920 Speaker 1: one billion. Under CEO Lisa Sue, am d have been 107 00:06:07,960 --> 00:06:11,520 Speaker 1: taking market share from Intel and benefiting from demand for 108 00:06:11,520 --> 00:06:14,760 Speaker 1: its new powerful server chips, but the outlook shows that 109 00:06:14,839 --> 00:06:18,120 Speaker 1: the company is not insulated from the slowing PC industry, 110 00:06:18,360 --> 00:06:21,520 Speaker 1: which is still the biggest market for its products in 111 00:06:21,640 --> 00:06:24,920 Speaker 1: New York. Charlie Pellett Bloomberg, debreak. All right, Charlie. Thanks. 112 00:06:25,000 --> 00:06:27,480 Speaker 1: Let's look at some other movers this morning, with Bloomberg's 113 00:06:27,560 --> 00:06:30,479 Speaker 1: John Tucker joining us live. Good morning, John, Good morning, Nathan. 114 00:06:30,520 --> 00:06:33,760 Speaker 1: Airbnb shears slumping of the pre market down over seven percent, 115 00:06:33,920 --> 00:06:38,040 Speaker 1: the company missing estimates on bookings shares a match plunging 116 00:06:38,080 --> 00:06:40,720 Speaker 1: this morning, the parent company of dating apps like Tinder, 117 00:06:41,040 --> 00:06:43,599 Speaker 1: delivering of foreign cans for revenue of the current quarter 118 00:06:43,680 --> 00:06:47,080 Speaker 1: that fell short of estimates, growth being slowed still by 119 00:06:47,120 --> 00:06:51,400 Speaker 1: fallout from COVID nineteen and a strong dollar. PayPal shares 120 00:06:51,520 --> 00:06:56,080 Speaker 1: up eleven percent after saying activist Investory Elliott Investment Management 121 00:06:56,120 --> 00:06:58,960 Speaker 1: now one of the largest shareholders, and the cost cutting 122 00:06:58,960 --> 00:07:02,039 Speaker 1: will save nine of million dollars this year. And finally, 123 00:07:02,120 --> 00:07:05,080 Speaker 1: robin Hood Market shares a little change after announcing it's 124 00:07:05,120 --> 00:07:08,480 Speaker 1: eliminating almost a quarter of its workforce. Live in New 125 00:07:08,560 --> 00:07:11,640 Speaker 1: York on John Tucker Bloomberg Daybreak. All right, John, thank you, 126 00:07:11,680 --> 00:07:14,080 Speaker 1: and futures are on the rise. This morning, straight ahead, 127 00:07:14,080 --> 00:07:17,280 Speaker 1: your latest local headlines, plus the check of sports, and 128 00:07:17,520 --> 00:07:24,640 Speaker 1: this is Bloomberg. Thanks Terence. Six oh seven on Wall Street, 129 00:07:24,680 --> 00:07:27,680 Speaker 1: seventy three degrees in Central Park. Gotta crash westbound l 130 00:07:27,760 --> 00:07:30,880 Speaker 1: I at Queen's Boulevard. Details come up in traffic. First 131 00:07:30,920 --> 00:07:32,720 Speaker 1: Michael Barr with what else is going on in New 132 00:07:32,800 --> 00:07:35,320 Speaker 1: York and around the world. Michael, thank you very much. Nathan. 133 00:07:35,360 --> 00:07:38,960 Speaker 1: The Senate passed the Packed Act and at helping veterans 134 00:07:39,000 --> 00:07:41,840 Speaker 1: who have been exposed to toxic burn pits. The bill 135 00:07:41,920 --> 00:07:45,160 Speaker 1: passed and in eight six to eleven vote, overcoming Republican 136 00:07:45,200 --> 00:07:49,720 Speaker 1: claims it contains loopholes that would allow indiscriminate spending. Senate 137 00:07:49,720 --> 00:07:53,440 Speaker 1: Democratic lead to Chuck Schumer's spoke after the bill passed. Finally, 138 00:07:54,040 --> 00:07:59,000 Speaker 1: at long last, America lived up to its ideals by saying, 139 00:07:59,320 --> 00:08:02,760 Speaker 1: to our vet trends who have been exposed to toxic 140 00:08:02,880 --> 00:08:08,240 Speaker 1: chemicals from burn pitts, we have your back. Senate Veterans 141 00:08:08,240 --> 00:08:12,080 Speaker 1: Affairs Committee chair John Tester credited veterans and comedian John 142 00:08:12,120 --> 00:08:16,080 Speaker 1: Stewart's protests for helping get the bill passed. I've never 143 00:08:16,120 --> 00:08:18,760 Speaker 1: seen so many veterans with tears in their eyes and 144 00:08:18,800 --> 00:08:21,440 Speaker 1: tears in their eyes of joy that I've seen in 145 00:08:21,480 --> 00:08:24,200 Speaker 1: the last hour. Senator to Tester says the bill will 146 00:08:24,200 --> 00:08:28,240 Speaker 1: help thousands of sick US veterans. New York Congresswoman Carola 147 00:08:28,320 --> 00:08:31,280 Speaker 1: Maloney has sent she didn't believe that President Joe Biden 148 00:08:31,280 --> 00:08:35,640 Speaker 1: would run for re election in four The comments came 149 00:08:35,720 --> 00:08:38,880 Speaker 1: during a New York One debate last evening among candidates 150 00:08:38,960 --> 00:08:42,120 Speaker 1: vying for the Democratic primary nomination in New York's twelfth 151 00:08:42,120 --> 00:08:46,840 Speaker 1: congressional district. Because of redistrict thing, Maloney is running against 152 00:08:46,840 --> 00:08:51,319 Speaker 1: fellow New York House heavyweight Gerald Nadler and lawyer Savage Pittel. 153 00:08:51,840 --> 00:08:55,080 Speaker 1: The Defense Department electronically wiped the phones of some former 154 00:08:55,120 --> 00:08:59,840 Speaker 1: top officials who served under then President Donald Trump, Bloomberg said, 155 00:08:59,840 --> 00:09:03,240 Speaker 1: back to reports, and the Department of Defense is confirming 156 00:09:03,280 --> 00:09:05,960 Speaker 1: that a d o J investigation of the missing January 157 00:09:06,040 --> 00:09:10,440 Speaker 1: six tax is now confirmed that along with accidentally deleting 158 00:09:10,480 --> 00:09:16,040 Speaker 1: some texts, some phones were purposefully wiped after January six. 159 00:09:16,640 --> 00:09:19,959 Speaker 1: Government lawyers made that admission in court filings tied to 160 00:09:20,000 --> 00:09:23,600 Speaker 1: the Freedom of Information Act lawsuit, and the Oversight Group 161 00:09:23,679 --> 00:09:27,839 Speaker 1: is urging attorney General Merritt Garland to investigate DODS actions 162 00:09:27,880 --> 00:09:31,680 Speaker 1: in allowing the destruction of records potentially relevant to a 163 00:09:31,760 --> 00:09:36,719 Speaker 1: significant matter of national attention and historical importance. In San Francisco, 164 00:09:36,800 --> 00:09:39,400 Speaker 1: I'm at Baxter Bloomberg Daybreak, the State Department more an 165 00:09:39,400 --> 00:09:43,720 Speaker 1: American citizens traveling overseas of possible retaliation by Al Qaeda 166 00:09:43,800 --> 00:09:46,800 Speaker 1: and its supporters after the organization's leader was killed in 167 00:09:46,840 --> 00:09:49,880 Speaker 1: the U s drone struke. Global News twenty four hours 168 00:09:49,880 --> 00:09:52,600 Speaker 1: a day on air and on Bloomberg quick Take, powered 169 00:09:52,600 --> 00:09:55,720 Speaker 1: by more than journalists and analysts more than a hundred 170 00:09:55,720 --> 00:09:58,800 Speaker 1: twenty countries. I'm Michael Barr, and this is Bloomberg, Nathan. 171 00:09:58,840 --> 00:10:05,440 Speaker 1: Thank you, Michael. Almost six ten on Wall Street time 172 00:10:05,480 --> 00:10:08,199 Speaker 1: for the Bloomberg Sports Update with John sesshow Thanks Dathan. 173 00:10:08,280 --> 00:10:10,840 Speaker 1: Vince Galley has passed away. The New York native began 174 00:10:10,880 --> 00:10:14,240 Speaker 1: calling Brooklyn Dodgers games shortly after he graduated from Fordham, 175 00:10:14,240 --> 00:10:16,760 Speaker 1: and he kept the job for sixty seven years. The 176 00:10:16,800 --> 00:10:20,080 Speaker 1: owner of that soothing voice with an unparalleled ability to 177 00:10:20,160 --> 00:10:23,000 Speaker 1: tell stories while calling the game, Vince Scully a true 178 00:10:23,320 --> 00:10:26,600 Speaker 1: broadcasting legend. He was ninety four. Matts and Yankees both 179 00:10:26,600 --> 00:10:29,120 Speaker 1: lost bets in Washington five to one, ending their seven 180 00:10:29,160 --> 00:10:31,640 Speaker 1: game winnings. Draper Mets fans happy to see Jacob de 181 00:10:31,720 --> 00:10:35,120 Speaker 1: Graham on the mound first time this season. Five solid 182 00:10:35,120 --> 00:10:37,160 Speaker 1: and he's allowed just one run. Yankees battled back from 183 00:10:37,200 --> 00:10:39,320 Speaker 1: deficits a couple of times, but in the end they 184 00:10:39,360 --> 00:10:41,199 Speaker 1: lost the Seattle at the Stadium eight to six. The 185 00:10:41,280 --> 00:10:44,080 Speaker 1: Yankees made a couple more trades before the deadline. They 186 00:10:44,120 --> 00:10:47,319 Speaker 1: found a Joey gallow taker in the Dodgers. Gallow will 187 00:10:47,360 --> 00:10:50,079 Speaker 1: complete bust in his time in Pence Pipe, betting just 188 00:10:50,120 --> 00:10:52,280 Speaker 1: one fifty nine. The Dodgers gave the Yanks of top 189 00:10:52,280 --> 00:10:55,040 Speaker 1: pitching prospect Clayton beat Her in return. The Yankees then 190 00:10:55,040 --> 00:10:57,840 Speaker 1: made a more surprising move because Jordan Montgomery has been 191 00:10:57,880 --> 00:11:00,120 Speaker 1: a solid starting pitcher for them, but they did just 192 00:11:00,160 --> 00:11:03,559 Speaker 1: acquire another starter and Frankie Manta, so they shipped Montgomery 193 00:11:03,600 --> 00:11:06,439 Speaker 1: to St. Louis for an outfield He was Yankees GM 194 00:11:06,520 --> 00:11:10,080 Speaker 1: Brian Cashman and Harrison Vader. Dader is you know, one 195 00:11:10,120 --> 00:11:16,800 Speaker 1: of the elite center field UH defenders in the game, um, 196 00:11:16,920 --> 00:11:20,760 Speaker 1: and so he provides a lot of lanes for us, 197 00:11:21,000 --> 00:11:24,520 Speaker 1: I think for a manager when he's when he's healthy Vada, 198 00:11:24,600 --> 00:11:26,319 Speaker 1: currently out with a foot injury. He's in New York. 199 00:11:26,400 --> 00:11:28,319 Speaker 1: Native went to high school at Paris Man and the Bronx. 200 00:11:28,400 --> 00:11:31,200 Speaker 1: Mets acquired two players after the Darren Roff They sent J. D. 201 00:11:31,320 --> 00:11:33,920 Speaker 1: Davis to the Giants. Mets also picked up a reliever, 202 00:11:34,080 --> 00:11:36,080 Speaker 1: Michael Gibbons, from the Cubs. Of course, the big trade 203 00:11:36,160 --> 00:11:39,520 Speaker 1: yesterday with Juan Soto join from Washington to San Diego. 204 00:11:39,760 --> 00:11:43,040 Speaker 1: John Stashwart Bloomberg sports name all right, John, Thanks SMP 205 00:11:43,160 --> 00:11:45,640 Speaker 1: future is now sixteen points. Staff features up a hundred 206 00:11:45,640 --> 00:11:48,120 Speaker 1: thirty six stands A futures hired by forty six points. 207 00:11:48,120 --> 00:11:50,720 Speaker 1: The tenure Treasury is down three thirty seconds. Yield close 208 00:11:50,760 --> 00:11:52,760 Speaker 1: to two point seven six percent. Yield on the two 209 00:11:52,840 --> 00:11:56,360 Speaker 1: year right now three point zero seven percent. Nimex crew 210 00:11:56,480 --> 00:11:59,400 Speaker 1: down three quarters percent. Ninety three dollars seventies cent se 211 00:11:59,440 --> 00:12:02,840 Speaker 1: barrel ahead of the OPEC plus policy meeting. This is 212 00:12:02,920 --> 00:12:09,280 Speaker 1: Bloomberg Bloomberg eleven three oh weather abundant sunshine hid your 213 00:12:09,360 --> 00:12:13,440 Speaker 1: ninety today heat advisory and effect tomorrow into Friday. Highs 214 00:12:13,600 --> 00:12:22,840 Speaker 1: both days near right now seventy three in Central Park markets, 215 00:12:22,960 --> 00:12:26,040 Speaker 1: headlines and breaking news twenty four hours a day at 216 00:12:26,040 --> 00:12:30,040 Speaker 1: Bloomberg dot Com, a Bloomberg Business at and at Bloomberg Quicktape, 217 00:12:30,559 --> 00:12:39,480 Speaker 1: He's a Bloomberg Business Flash and I'm Cameron Moscow and 218 00:12:39,520 --> 00:12:41,920 Speaker 1: you West dot index Future is on the rise today 219 00:12:41,960 --> 00:12:44,680 Speaker 1: as some of the investor anxiety over tense US China 220 00:12:44,760 --> 00:12:48,240 Speaker 1: ties eases, while treasuries extend as slide sparked by hawkish 221 00:12:48,280 --> 00:12:51,320 Speaker 1: Feder Reserve comments. We checked the markets every fifteen minutes 222 00:12:51,360 --> 00:12:54,199 Speaker 1: throughout the trading day. On Bloomberg Guess and p Future 223 00:12:54,280 --> 00:12:56,240 Speaker 1: is of fifteen points and down features of a dred 224 00:12:56,280 --> 00:12:59,120 Speaker 1: twenty five and NASDAG future is up forty The decks 225 00:12:59,120 --> 00:13:01,199 Speaker 1: in Germany's up three tents of upper cent, the ten 226 00:13:01,240 --> 00:13:05,160 Speaker 1: year treasury down four thirday seconds two point seven six percent, 227 00:13:05,200 --> 00:13:07,720 Speaker 1: the yield on the two year three point oh seven percent. 228 00:13:08,160 --> 00:13:10,679 Speaker 1: Non mex screwed oil is down six tents percent or 229 00:13:10,720 --> 00:13:13,160 Speaker 1: sixty one cents, and ninety three seventy nine cents in 230 00:13:13,200 --> 00:13:15,600 Speaker 1: barrel called max schoold is down six tenths per cent 231 00:13:15,640 --> 00:13:19,560 Speaker 1: or ten dollars thirty cents a seventeen seventy. The euro 232 00:13:19,679 --> 00:13:21,959 Speaker 1: one point oh one nine one against the dollar, British 233 00:13:21,960 --> 00:13:24,840 Speaker 1: found one point one eight seven and one thirty three 234 00:13:24,880 --> 00:13:27,640 Speaker 1: point to eight and bitcoin this morning of one point 235 00:13:27,679 --> 00:13:31,000 Speaker 1: seven percent at twenty three thousand, four hundred dollars. That's 236 00:13:31,000 --> 00:13:33,720 Speaker 1: a Bloomberg business flash. Now here's Michael Barr with more 237 00:13:33,760 --> 00:13:36,160 Speaker 1: on what's going on around the world. Michael Karen, thank 238 00:13:36,200 --> 00:13:39,080 Speaker 1: you very much. Kansas voters refused to change the state 239 00:13:39,160 --> 00:13:42,320 Speaker 1: constitution to declare there is no right to an abortion 240 00:13:42,760 --> 00:13:46,200 Speaker 1: on our fifty nine to vote. The state Supreme Court 241 00:13:46,280 --> 00:13:51,360 Speaker 1: decision in that Granite state constitutional abortion rights remains intact. 242 00:13:51,880 --> 00:13:54,839 Speaker 1: President Biden says you will sign an executive order today 243 00:13:54,920 --> 00:13:59,040 Speaker 1: intended to improve access to abortion services by allowing travel 244 00:13:59,200 --> 00:14:03,560 Speaker 1: using Medicaid funds. Hall of Fame broadcaster Vin Scully has 245 00:14:03,640 --> 00:14:07,280 Speaker 1: done Scully broadcast baseball games with the Dodgers for sixty 246 00:14:07,440 --> 00:14:10,880 Speaker 1: seven years. Vin Scully was ninety four asked for the 247 00:14:10,920 --> 00:14:13,839 Speaker 1: games The Yankees lost to the Marineers eight six, the 248 00:14:13,920 --> 00:14:17,520 Speaker 1: Mets lost from the Nationals five one, the Orioles and 249 00:14:17,600 --> 00:14:21,960 Speaker 1: Red Sox one, the A's and Giants lost. Global news 250 00:14:21,960 --> 00:14:24,200 Speaker 1: twenty four hours a day on he Or and on 251 00:14:24,280 --> 00:14:27,640 Speaker 1: Bloomberg quick Take, powered by more Event twenty seven hundred 252 00:14:27,680 --> 00:14:30,720 Speaker 1: journalist and analyst. More than a hundred twenty countries. Michael 253 00:14:30,760 --> 00:14:33,160 Speaker 1: Barr and this is Bloomberg. Nathan No, Michael, thank you. 254 00:14:33,200 --> 00:14:35,880 Speaker 1: It is now six nineteen on Wall Street Live from 255 00:14:35,880 --> 00:14:39,760 Speaker 1: the Bloomberg Interactive Broker Studios. This is Bloomberg and Daybreak, 256 00:14:39,760 --> 00:14:42,040 Speaker 1: and we returned to our top story. Now, how speaker 257 00:14:42,120 --> 00:14:45,440 Speaker 1: Nancy Pelosi pledging that the US will not abandon Taiwan, 258 00:14:45,840 --> 00:14:48,160 Speaker 1: as she has just wrapped up a visit to the 259 00:14:48,200 --> 00:14:52,120 Speaker 1: island that has caused major waves in mainland China. Joining 260 00:14:52,200 --> 00:14:56,080 Speaker 1: us now is Rosalind Matheson, Executive editor for International Government 261 00:14:56,200 --> 00:14:58,880 Speaker 1: for Bloomberg News. Ros Good morning. Of course, a lot 262 00:14:58,960 --> 00:15:04,320 Speaker 1: of saber rattling around this trip, it doesn't go beyond that. Well, 263 00:15:04,360 --> 00:15:06,840 Speaker 1: it's interesting to see the level of the China response 264 00:15:06,920 --> 00:15:09,560 Speaker 1: so far. We're seeing threats to have missile tests a 265 00:15:09,600 --> 00:15:13,360 Speaker 1: though none have actually eventuated, and very big military drills 266 00:15:13,360 --> 00:15:17,880 Speaker 1: they say we'll start tomorrow. We're essentially Chinese ships are 267 00:15:18,000 --> 00:15:23,840 Speaker 1: encircling Taiwan, cutting off the naval passageway and also the airspace. 268 00:15:24,320 --> 00:15:27,600 Speaker 1: But we're also seeing perhaps a sense of restraint here 269 00:15:27,640 --> 00:15:29,280 Speaker 1: from China in a sense that they don't want to 270 00:15:29,280 --> 00:15:32,240 Speaker 1: push things too far. Of course, it's a very different 271 00:15:32,280 --> 00:15:34,600 Speaker 1: kettle of fish when you talk about Taiwan and China, 272 00:15:34,640 --> 00:15:37,280 Speaker 1: then when you talk about say Russia and Ukraine, it's 273 00:15:37,360 --> 00:15:39,480 Speaker 1: very clear the US was never going to send troops 274 00:15:39,520 --> 00:15:43,200 Speaker 1: into Ukraine to defend that Taiwan. Possibly they would have to, 275 00:15:43,400 --> 00:15:46,840 Speaker 1: and so China knows that, and they're very careful perhaps 276 00:15:46,880 --> 00:15:48,760 Speaker 1: to go up to the line, but not over it 277 00:15:48,800 --> 00:15:52,760 Speaker 1: into something that might tip into outsight military confrontation, because 278 00:15:52,880 --> 00:15:55,880 Speaker 1: anything that they do there with Taiwan could feasibly join 279 00:15:55,960 --> 00:15:58,200 Speaker 1: the US, and then you've got a very big regional 280 00:15:58,560 --> 00:16:00,640 Speaker 1: war going on or even be on. So we were 281 00:16:00,680 --> 00:16:04,200 Speaker 1: seeing Chinese rhetoric, a lot of balid cost words from China. 282 00:16:04,600 --> 00:16:06,720 Speaker 1: We're seeing this military action, We're seeing a little bit 283 00:16:06,760 --> 00:16:09,120 Speaker 1: of action on the trade side, but nothing that would 284 00:16:09,160 --> 00:16:11,960 Speaker 1: really tip it over at this point into a broader conflict. 285 00:16:12,160 --> 00:16:14,520 Speaker 1: It's interesting that you say that in the event of 286 00:16:15,040 --> 00:16:17,640 Speaker 1: military action against Taiwan that the U s would have 287 00:16:17,680 --> 00:16:20,360 Speaker 1: to step in, because President Biden has been asked about 288 00:16:20,360 --> 00:16:21,720 Speaker 1: that in the past and he sort of had to 289 00:16:21,760 --> 00:16:25,600 Speaker 1: walk back comments sort of suggesting that the US would 290 00:16:26,080 --> 00:16:29,840 Speaker 1: get directly involved in a military conflict. Does the speaker's 291 00:16:30,000 --> 00:16:34,400 Speaker 1: visit change the dynamic when it comes to that. It 292 00:16:34,480 --> 00:16:37,440 Speaker 1: possibly does. Of course, the US administration was so officially 293 00:16:37,440 --> 00:16:40,720 Speaker 1: the policy remains what it was beforehand. But you saw 294 00:16:40,880 --> 00:16:43,600 Speaker 1: very strong words from the US speaking Nancy Pelosi when 295 00:16:43,640 --> 00:16:47,080 Speaker 1: she met today with the Taiwanese president, signing when showing 296 00:16:47,160 --> 00:16:48,840 Speaker 1: we are with you, We're going to show support for 297 00:16:48,880 --> 00:16:52,080 Speaker 1: you no matter what, and that's definitely a message to Beijing. 298 00:16:52,480 --> 00:16:55,400 Speaker 1: It's also just a possibility of miscalculation. If you have 299 00:16:55,440 --> 00:16:58,800 Speaker 1: a bunch of navy ships and planes in close proximity, 300 00:16:58,880 --> 00:17:02,000 Speaker 1: flying over each other, are each other, and particularly into 301 00:17:02,040 --> 00:17:05,000 Speaker 1: Taiwanese airspace, you just have the risk of something going 302 00:17:05,000 --> 00:17:10,239 Speaker 1: wrong that sets off a confrontation that's inadvertent um So 303 00:17:10,359 --> 00:17:13,399 Speaker 1: certainly China is aware of that also, but but just 304 00:17:13,680 --> 00:17:16,239 Speaker 1: aware that at the margins you're probably expecting a very 305 00:17:16,320 --> 00:17:18,880 Speaker 1: high chance the US will be drawn into a military 306 00:17:18,920 --> 00:17:21,560 Speaker 1: conflict over Taiwan in a way that it's not been 307 00:17:21,640 --> 00:17:25,400 Speaker 1: drawn in over Ukraine. Apart from the possibility of at 308 00:17:25,440 --> 00:17:28,439 Speaker 1: least what China's announced of military drills starting as soon 309 00:17:28,480 --> 00:17:32,719 Speaker 1: as tomorrow, we've got trade moves as well, with some 310 00:17:32,800 --> 00:17:38,439 Speaker 1: restrictions on Taiwanese fish and fruit and Chinese exports of 311 00:17:39,080 --> 00:17:42,880 Speaker 1: sand what's the economic impact. Is China trying to put 312 00:17:42,920 --> 00:17:47,920 Speaker 1: the squeeze on Taiwan economically, well, so far those moves 313 00:17:47,920 --> 00:17:50,200 Speaker 1: are fairly small. They don't know if that just snificant 314 00:17:50,200 --> 00:17:53,000 Speaker 1: amount of the trade, and they're probably a bit symbolic, 315 00:17:53,080 --> 00:17:56,200 Speaker 1: but certainly a Chaiwan want its China wanted to equi 316 00:17:56,359 --> 00:17:59,920 Speaker 1: hit Taiwan very effectively on the economic side, of course, 317 00:18:00,040 --> 00:18:04,080 Speaker 1: but now there's no penalties or measures to curb semiconducted trade, 318 00:18:04,080 --> 00:18:06,840 Speaker 1: for example, which is crucial. So China is doing a 319 00:18:06,880 --> 00:18:09,560 Speaker 1: few symbolic steps, but nothing that could rebound on its 320 00:18:09,560 --> 00:18:12,879 Speaker 1: own economy. Of course, Sieging King is cognizant of the 321 00:18:12,920 --> 00:18:15,399 Speaker 1: fact that he needs to keep his own economy taking 322 00:18:15,440 --> 00:18:19,200 Speaker 1: over in decent shape ahead of his own leadership renewal 323 00:18:19,720 --> 00:18:22,240 Speaker 1: later this year, and that he needs to have China 324 00:18:22,640 --> 00:18:26,159 Speaker 1: domestically looking very stable. And so these are measure that 325 00:18:26,280 --> 00:18:28,800 Speaker 1: that are designed to say to Taiwan, We're not happy 326 00:18:28,840 --> 00:18:32,920 Speaker 1: with what's happening, but certainly not significant trade steps so far. 327 00:18:33,480 --> 00:18:36,000 Speaker 1: And now that Speaker Pelosi is on her way out 328 00:18:36,040 --> 00:18:39,080 Speaker 1: of Taiwan, how does this trip affect the rest of 329 00:18:39,080 --> 00:18:42,920 Speaker 1: her Asian itinerary. We've got about a minute left here. Well, 330 00:18:43,000 --> 00:18:44,639 Speaker 1: she goes to South Korea and then on to Japan. 331 00:18:44,680 --> 00:18:46,280 Speaker 1: As you say, a lot of these countries have been 332 00:18:46,280 --> 00:18:49,720 Speaker 1: a little bit cautious about commenting directly on her stop 333 00:18:49,800 --> 00:18:52,199 Speaker 1: in Taiwan, perhaps not wanting to get drawn into the 334 00:18:52,200 --> 00:18:56,240 Speaker 1: fray with China. Japan might be the one exception there. 335 00:18:56,240 --> 00:19:00,000 Speaker 1: They've been quite strongly supportive of Taiwan in recent months, 336 00:19:00,440 --> 00:19:03,479 Speaker 1: risking Chinese are in turn on that, But most countries 337 00:19:03,480 --> 00:19:05,680 Speaker 1: in Asia probably just glad to be honest that she's 338 00:19:05,760 --> 00:19:08,040 Speaker 1: left Taiwan again and that the trip has gone without 339 00:19:08,359 --> 00:19:11,159 Speaker 1: some kind of inadvant and clash occurring as a result. 340 00:19:11,920 --> 00:19:14,080 Speaker 1: Thanks for this Rose, great having you with us this morning. 341 00:19:14,160 --> 00:19:18,400 Speaker 1: Rosalin Mathison, Executive editor for International Government for Bloomberg News. 342 00:19:18,440 --> 00:19:21,400 Speaker 1: As we continue to follow developments in and around Taiwan, 343 00:19:21,480 --> 00:19:24,080 Speaker 1: now that House Speaker Nancy Pelosi has left the island 344 00:19:24,080 --> 00:19:28,439 Speaker 1: and China is announcing new military drills little encircle the 345 00:19:28,480 --> 00:19:32,120 Speaker 1: island that could begin as soon as tomorrow. Looking ahead 346 00:19:32,160 --> 00:19:35,000 Speaker 1: to the market, open futures are touch higher. We've got 347 00:19:35,080 --> 00:19:37,600 Speaker 1: SMP futures right now up thirteen points, staff futures up 348 00:19:37,600 --> 00:19:40,840 Speaker 1: a hundred fifteen and NAZZAC futures are higher by thirty 349 00:19:40,840 --> 00:19:43,760 Speaker 1: three points. The tenure treasuries down nine thirty seconds, yield 350 00:19:43,760 --> 00:19:45,840 Speaker 1: two point seven seven percent. Yield on the two year 351 00:19:45,880 --> 00:19:49,159 Speaker 1: three point zero eight percent. Got some earnings crossing the 352 00:19:49,160 --> 00:19:55,320 Speaker 1: Bloomberg terminal from CVS boosting their outlook. We'll have more 353 00:19:55,320 --> 00:19:59,600 Speaker 1: on that straight ahead. And you are listening to Bloomberg Daybreak. 354 00:19:59,680 --> 00:20:09,840 Speaker 1: Good morning, Bloomer eleven three oh weather, sunshine, your ninety today, 355 00:20:09,880 --> 00:20:14,720 Speaker 1: heat advisory tomorrow near nine tomorrow and Friday when the 356 00:20:14,960 --> 00:20:18,680 Speaker 1: heat advisory expires. Right now seventy three in Central Park, 357 00:20:22,080 --> 00:20:26,600 Speaker 1: broadcasting live from the Bloomberg Interactive Broker Studio in New York. 358 00:20:26,720 --> 00:20:30,160 Speaker 1: Bloomberg E living free to Washington, d C. Bloomberg ninety 359 00:20:30,240 --> 00:20:33,199 Speaker 1: nine one to Boston, Bloomberg one O six one to 360 00:20:33,240 --> 00:20:37,000 Speaker 1: San Francisco, Bloomberg nine sixty to the country, Sirius XM 361 00:20:37,040 --> 00:20:39,320 Speaker 1: to the one nine team, and around the globe the 362 00:20:39,359 --> 00:20:43,840 Speaker 1: Bloomberg business in Bloomberg Radio dot Com. This is Bloomberg 363 00:20:43,920 --> 00:20:51,720 Speaker 1: Daybreak and at six thirty on Wall Street. Good morning. 364 00:20:51,720 --> 00:20:54,600 Speaker 1: I'm Nathan Hagar and I'm Karen Moscow. We are just 365 00:20:54,640 --> 00:20:57,440 Speaker 1: about three hours away from the open of US trading time. 366 00:20:57,480 --> 00:20:58,960 Speaker 1: For the five things that you need to know to 367 00:20:59,040 --> 00:21:03,440 Speaker 1: start your day. To you buy Interactive Brokers. Interactive Brokers 368 00:21:03,520 --> 00:21:06,000 Speaker 1: charges margin loan race from two point three percent to 369 00:21:06,080 --> 00:21:09,000 Speaker 1: three point three percent. Their clients can also earn extra 370 00:21:09,040 --> 00:21:12,000 Speaker 1: income by lending their fully paid shares of stock rates 371 00:21:12,000 --> 00:21:14,080 Speaker 1: subject to change. Learn more at I b k R 372 00:21:14,160 --> 00:21:17,920 Speaker 1: dot com slash Compare First Investors keeping an eye on 373 00:21:17,960 --> 00:21:21,000 Speaker 1: the fallout from how Speaker and Nancy Pelosi's visit to Taiwan. 374 00:21:21,280 --> 00:21:24,280 Speaker 1: Pelosi left the island this morning after a visit during 375 00:21:24,280 --> 00:21:27,000 Speaker 1: which he pledged a continued US commitment to the island. 376 00:21:27,440 --> 00:21:31,960 Speaker 1: America's determination to preserve democraty here in Taiwan and around 377 00:21:32,000 --> 00:21:36,760 Speaker 1: the world remains iron cloud how Spiager and Nancy Pelosi 378 00:21:36,880 --> 00:21:39,679 Speaker 1: was speaking at a meeting which Taiwan's President. China responded 379 00:21:39,720 --> 00:21:42,840 Speaker 1: to Pelosi's trip with new military drills and fresh trade 380 00:21:42,840 --> 00:21:45,760 Speaker 1: curbs that were also following key primary races across the country. 381 00:21:45,840 --> 00:21:49,080 Speaker 1: Karen Tutor Dixon, who was backed by Donald Trump, to 382 00:21:49,119 --> 00:21:52,440 Speaker 1: the vote for the Republican nomination in Michigan's governor's race. 383 00:21:53,040 --> 00:21:56,440 Speaker 1: She'll face Democratic incumbent Gretchen Witner this fall. Three House 384 00:21:56,480 --> 00:21:59,720 Speaker 1: Republicans who voted to impeach Donald Trump lost primaries to 385 00:21:59,760 --> 00:22:03,320 Speaker 1: Trump the doors candidates in Michigan and Washington. Republican Eric 386 00:22:03,359 --> 00:22:06,040 Speaker 1: Schmidt secured nearly forty six percent of the vote from 387 00:22:06,040 --> 00:22:09,439 Speaker 1: Missouri's open Senate seat, derailing former Governor Eric Gryton's and 388 00:22:09,520 --> 00:22:12,560 Speaker 1: in Arizona, Blake Masters will face incumbent Senator Mark Kelly. 389 00:22:12,600 --> 00:22:15,199 Speaker 1: He won the GOP primary with thirty seven percent of 390 00:22:15,240 --> 00:22:18,720 Speaker 1: the vote. Well to Markets Now, Nathan, they're stabilizing after 391 00:22:18,800 --> 00:22:22,160 Speaker 1: yesterday's declines. It comes as four Federal Reserve officials pushed 392 00:22:22,200 --> 00:22:24,760 Speaker 1: back against the narrative that the Fed may pivot away 393 00:22:24,840 --> 00:22:28,800 Speaker 1: from tightening. Cleveland President Lorrettemesters as officials are focused on 394 00:22:28,880 --> 00:22:31,439 Speaker 1: the growth outlook by forecast for this year is that 395 00:22:31,480 --> 00:22:35,440 Speaker 1: will be growing below trend, but that's necessary in order 396 00:22:35,520 --> 00:22:40,880 Speaker 1: to get price increases inflation under control. And as Cleveland 397 00:22:40,920 --> 00:22:44,159 Speaker 1: Fed President Larettamester and incorporate news this morning, shares of 398 00:22:44,200 --> 00:22:46,840 Speaker 1: Advanced micro Devices are down about five percent after the 399 00:22:46,840 --> 00:22:49,720 Speaker 1: company gave a lukewarm sales forecast. In Bloomberg's John Tucker 400 00:22:49,800 --> 00:22:52,520 Speaker 1: joins US Live with the details. Good morning, John, and Nathan. 401 00:22:52,520 --> 00:22:56,000 Speaker 1: The company projecting roughly six point seven billion dollars in sales. 402 00:22:56,200 --> 00:22:59,600 Speaker 1: That figure falls short of Wall Street projections. Even though 403 00:22:59,680 --> 00:23:02,240 Speaker 1: a m D has been taking market share from Intel. 404 00:23:02,320 --> 00:23:05,560 Speaker 1: The latest result shoal the company isn't insulated from the 405 00:23:05,600 --> 00:23:08,840 Speaker 1: slowing PC industry, which is still the biggest market for 406 00:23:08,880 --> 00:23:12,240 Speaker 1: its products. Investor has also been concerned that chipmakers like 407 00:23:12,359 --> 00:23:15,040 Speaker 1: a m D will be left with costly stockpiles of 408 00:23:15,119 --> 00:23:18,320 Speaker 1: unused chips as orders dry up. Live in New York. 409 00:23:18,320 --> 00:23:21,040 Speaker 1: I'm John Tucker, Bloomberg, debreak. All right, John, thank you. 410 00:23:21,080 --> 00:23:22,560 Speaker 1: That's the five things that you need to know to 411 00:23:22,640 --> 00:23:25,879 Speaker 1: start your day, brought to you by Interactive Brokers. Again, 412 00:23:25,960 --> 00:23:29,359 Speaker 1: futures are moving higher this morning, and straight ahead your 413 00:23:29,440 --> 00:23:33,240 Speaker 1: latest local headlines plus the check of sports. And this 414 00:23:33,720 --> 00:23:40,360 Speaker 1: is Bloomberg. I think Karen six Wall Street, seventy three 415 00:23:40,359 --> 00:23:42,800 Speaker 1: degrees in Central Park, crash on the westbound L I 416 00:23:42,880 --> 00:23:46,080 Speaker 1: E Service Road at Queen's Boulevard. More coming up in traffic. 417 00:23:46,160 --> 00:23:48,320 Speaker 1: First Michael Barr with what else is going on in 418 00:23:48,320 --> 00:23:51,359 Speaker 1: New York and around the world. Good morning, Michael, Good morning, Nathan. 419 00:23:51,440 --> 00:23:54,360 Speaker 1: Kansas voters have sent a resounding message about their desire 420 00:23:54,400 --> 00:23:57,680 Speaker 1: to protect abortion rights. I rejected the measure that would 421 00:23:57,680 --> 00:24:01,960 Speaker 1: have allowed the Republican controlled legislature to tighten abortion restrictions 422 00:24:02,040 --> 00:24:04,399 Speaker 1: or banned the procedure out right. The vote in the 423 00:24:04,440 --> 00:24:07,280 Speaker 1: red state was the first test of voters feelings about 424 00:24:07,280 --> 00:24:11,520 Speaker 1: abortion since the Supreme Court overturned Roe v. Wade. Rachel's 425 00:24:11,560 --> 00:24:14,520 Speaker 1: Sweet with Planned Parenthood says, the voters of Kansas have 426 00:24:14,640 --> 00:24:17,639 Speaker 1: spoken and are sending a clear message by reminding the 427 00:24:17,640 --> 00:24:21,600 Speaker 1: government to respect their constitutional rights. We will not hand 428 00:24:21,680 --> 00:24:26,480 Speaker 1: over our constitutional rights and our bodily autonomy to the government, 429 00:24:27,080 --> 00:24:29,119 Speaker 1: and we will take care of one another, and we 430 00:24:29,160 --> 00:24:31,240 Speaker 1: will look out for each other, because that's what Kansas 431 00:24:31,240 --> 00:24:35,280 Speaker 1: is all about. Rachel's Sweet with Planned Parenthood. President Joe 432 00:24:35,280 --> 00:24:38,280 Speaker 1: Biden to day will sign a second executive order intended 433 00:24:38,320 --> 00:24:41,800 Speaker 1: to improve access to abortion services. The order will direct 434 00:24:41,840 --> 00:24:45,040 Speaker 1: the Secretary of Health and Human Services to consider actions 435 00:24:45,280 --> 00:24:49,000 Speaker 1: to help patients travel outside their states for abortions using 436 00:24:49,080 --> 00:24:52,800 Speaker 1: funds from Medicaid, a move which conservatives will likely challenge 437 00:24:52,800 --> 00:24:56,439 Speaker 1: in the courts. The Senate last night passed the Pact Act, 438 00:24:56,800 --> 00:24:59,600 Speaker 1: aimed at helping veterans who have been exposed to toxic 439 00:24:59,760 --> 00:25:03,680 Speaker 1: burn Earn Pitts. Senate Democratic Leader Chuck Schumer credited veterans 440 00:25:03,720 --> 00:25:07,440 Speaker 1: and comedian John Stewart, who protested for days outside the Capitol, 441 00:25:07,520 --> 00:25:09,880 Speaker 1: for helping to get the bill passed. They were there 442 00:25:09,880 --> 00:25:12,800 Speaker 1: as a beacon to all of America. They said, you're 443 00:25:12,840 --> 00:25:15,399 Speaker 1: not We're not gonna let you forget us. We're not 444 00:25:15,440 --> 00:25:18,480 Speaker 1: gonna let you walk all over us, Senator Schumer. Since 445 00:25:18,480 --> 00:25:21,600 Speaker 1: the bill passed and an eight six to eleven vote, 446 00:25:22,080 --> 00:25:25,720 Speaker 1: high ranking New York Democratic congresswoman speculates on whether President 447 00:25:25,760 --> 00:25:28,679 Speaker 1: Biden will run for office again. President Biden was a 448 00:25:28,680 --> 00:25:31,359 Speaker 1: major topic in a debate leading up to the Democratic 449 00:25:31,400 --> 00:25:35,600 Speaker 1: primary for New York's twelfth district. Representative Carolyn Maloney spoke 450 00:25:35,640 --> 00:25:38,199 Speaker 1: on New York One, I don't believe he's running for 451 00:25:38,240 --> 00:25:44,120 Speaker 1: re election. Redistricting maps pitting Maloney against another Democratic written representative, 452 00:25:44,200 --> 00:25:47,399 Speaker 1: Jerry Nadler, too early to say, doesn't serve the purpose 453 00:25:47,400 --> 00:25:51,200 Speaker 1: of the Democratic Party to deal with them until after 454 00:25:51,240 --> 00:25:55,199 Speaker 1: the interms. Maloney and Nadler face off August three. The 455 00:25:55,200 --> 00:25:58,439 Speaker 1: first cargo shiploaded with Ukrainian grain to leave the country 456 00:25:58,480 --> 00:26:02,040 Speaker 1: since the Russian invasion began is anchored at an inspection 457 00:26:02,160 --> 00:26:04,560 Speaker 1: area in the Black Sea off the coast of Istanbul 458 00:26:05,040 --> 00:26:07,560 Speaker 1: Global News twenty four hours a day on air and 459 00:26:07,680 --> 00:26:10,960 Speaker 1: on Bloomberg Quick Take, powered by more than seven hundred 460 00:26:11,000 --> 00:26:14,119 Speaker 1: journalists and analyst more than a hundred twenty countries. Michael 461 00:26:14,160 --> 00:26:21,760 Speaker 1: Barr and this is Bloomberg. Nathan, thank you. Michael. Come 462 00:26:21,880 --> 00:26:23,720 Speaker 1: up to six thirty six on Wall Street and John 463 00:26:23,760 --> 00:26:26,080 Speaker 1: Stashar has the Bloomberg Sports up there all right, Nathan 464 00:26:26,160 --> 00:26:29,280 Speaker 1: Vince s. Gully, the legendary Dodgers announcer, has passed away. 465 00:26:29,280 --> 00:26:32,280 Speaker 1: Imagine having the same job for sixty seven years. Imagine 466 00:26:32,359 --> 00:26:35,320 Speaker 1: witness seen so much baseball history from Brooklyn winning the 467 00:26:35,560 --> 00:26:38,600 Speaker 1: nineteen fifty five World Series of the ball going through 468 00:26:38,640 --> 00:26:41,000 Speaker 1: Bill Buckler's legs at Chase Dating. Here was Scully on 469 00:26:41,040 --> 00:26:45,199 Speaker 1: a night in Atlanta, nineteen seventy four, Bomas for the 470 00:26:45,280 --> 00:26:48,560 Speaker 1: country in the world, a black man is getting a 471 00:26:48,760 --> 00:26:53,040 Speaker 1: standing ovation in the Deep South for breaking a record 472 00:26:53,080 --> 00:26:56,679 Speaker 1: of an all time big boot. That it is a 473 00:26:56,840 --> 00:27:01,840 Speaker 1: great moment for all of it and particularly Skelly was 474 00:27:01,920 --> 00:27:04,160 Speaker 1: ninety four. Jacob mcgraham on the Mountain to the Mets 475 00:27:04,200 --> 00:27:06,520 Speaker 1: first time in more than a year in Washington. Pitch 476 00:27:06,520 --> 00:27:08,920 Speaker 1: five innings, allowed just one run, three hits, struck out six, 477 00:27:09,240 --> 00:27:11,840 Speaker 1: Nothing's changed. The Mets struggle to score for him just 478 00:27:11,880 --> 00:27:14,880 Speaker 1: to Francisco lindoor home run. Stephen Noga sk for place 479 00:27:14,960 --> 00:27:17,359 Speaker 1: to Graham, gave up back to back homers Washington end 480 00:27:17,400 --> 00:27:19,320 Speaker 1: of the Mets seven game, winning Street five to one. 481 00:27:19,359 --> 00:27:22,040 Speaker 1: On the day of the Nationals traded their twenty three 482 00:27:22,119 --> 00:27:24,920 Speaker 1: year old star Juan Soto to San Diego. The Mets 483 00:27:24,920 --> 00:27:27,200 Speaker 1: traded j D. Davis to the Giants per after older 484 00:27:27,280 --> 00:27:30,280 Speaker 1: Darren Rock. The Yankees traded Jordan Montgomery to St. Louis 485 00:27:30,560 --> 00:27:33,080 Speaker 1: for after elder Harrison Beata and New York Natives is 486 00:27:33,119 --> 00:27:35,280 Speaker 1: currently out with a foot injury, and the Yanks also 487 00:27:35,359 --> 00:27:38,520 Speaker 1: sent the unproductive Joey Gallo to the Dodgers that stadium. 488 00:27:38,600 --> 00:27:40,920 Speaker 1: Yankees fell behind four nothing later six three, they tied 489 00:27:40,960 --> 00:27:43,400 Speaker 1: the game, but a pinch hit home run by Seattle 490 00:27:43,520 --> 00:27:46,120 Speaker 1: Sam Haggarty seventh inning, the Mariners won eight to six 491 00:27:46,160 --> 00:27:49,879 Speaker 1: in defeat Yankee home runs by Jose Dravino, Anthony Rizzo, 492 00:27:49,920 --> 00:27:53,080 Speaker 1: and Josh Donaldson. The NFL took away the Miami Dolphins 493 00:27:53,160 --> 00:27:56,040 Speaker 1: first round draft pick next year that for tampering for 494 00:27:56,200 --> 00:27:59,120 Speaker 1: trying to hire Sean Payton his coach, and acquired Tom 495 00:27:59,119 --> 00:28:02,160 Speaker 1: Brady to be the court or back John Bloomberg Sports. 496 00:28:02,600 --> 00:28:05,040 Speaker 1: All right, John, thank you, six thirty seven on Wall Street. 497 00:28:05,080 --> 00:28:06,439 Speaker 1: Time to take a look at stock, some of the 498 00:28:06,520 --> 00:28:08,720 Speaker 1: names moving in the pre market. Bloomberg Radio and TV 499 00:28:08,800 --> 00:28:11,480 Speaker 1: Markets correspondent Crety Goopta is with us and creaty. We've 500 00:28:11,480 --> 00:28:14,320 Speaker 1: been talking about the disappointing sales outlook from a m 501 00:28:14,440 --> 00:28:17,639 Speaker 1: D and the stock is getting punished this morning. The 502 00:28:17,680 --> 00:28:20,120 Speaker 1: stock is absolutely getting punished. A m D is the 503 00:28:20,200 --> 00:28:21,680 Speaker 1: name of the company as well as to take her 504 00:28:21,960 --> 00:28:24,720 Speaker 1: down about five percent. Advanced micro Devices, of course is 505 00:28:24,760 --> 00:28:28,359 Speaker 1: the second biggest maker a personal computer processors. Well, the 506 00:28:28,440 --> 00:28:31,960 Speaker 1: game sales forecast that wasn't that great for the third quarter. Really, 507 00:28:32,200 --> 00:28:33,879 Speaker 1: one of the things that even mind about A m 508 00:28:33,960 --> 00:28:37,000 Speaker 1: D is that they're competing for market share against Intel, 509 00:28:37,320 --> 00:28:40,040 Speaker 1: and right now it looks like they're not able to 510 00:28:40,080 --> 00:28:42,880 Speaker 1: make as much progress as they really were planning on. 511 00:28:42,920 --> 00:28:45,040 Speaker 1: As well, the revenue's period looking to be about six 512 00:28:45,080 --> 00:28:48,320 Speaker 1: point seven billion, falling short of analyss estimates of six 513 00:28:48,360 --> 00:28:51,479 Speaker 1: point eight billions. Okay, once again, it is that lack 514 00:28:51,600 --> 00:28:54,240 Speaker 1: luster forecast that is weighing on the shares this morning. Meathan, 515 00:28:54,680 --> 00:28:57,560 Speaker 1: and now you're keeping an eye on PayPal. Looks like 516 00:28:58,040 --> 00:29:01,080 Speaker 1: Elliott Investment Management announces this ache in a company and 517 00:29:01,160 --> 00:29:03,560 Speaker 1: it seems to pay off pretty well for the stock. 518 00:29:03,880 --> 00:29:06,120 Speaker 1: You know, it's funny because Elliott also just did this 519 00:29:06,160 --> 00:29:09,200 Speaker 1: with pinterest as right, so they are really getting around 520 00:29:09,240 --> 00:29:11,680 Speaker 1: as you put in PayPal p y p L as 521 00:29:11,720 --> 00:29:14,200 Speaker 1: your taker. Shares are up just shy of twelve percent 522 00:29:14,400 --> 00:29:16,800 Speaker 1: this morning, so Paytoll came out and they said that 523 00:29:17,320 --> 00:29:20,480 Speaker 1: Elliott Investment Management is now one of its largest shareholders. 524 00:29:20,560 --> 00:29:22,920 Speaker 1: They're also time out recent cost cutting moves that're gonna 525 00:29:22,960 --> 00:29:26,640 Speaker 1: result and get this savings of nine million dollars, and 526 00:29:26,720 --> 00:29:29,360 Speaker 1: that's just this year. They're saying that those savings, well, 527 00:29:29,360 --> 00:29:31,800 Speaker 1: they're going to increase to one point three billion next year. 528 00:29:31,800 --> 00:29:33,320 Speaker 1: And once again they're saying that a lot of this 529 00:29:33,360 --> 00:29:36,800 Speaker 1: has been incentivized by Elliott as well. So Elliott making 530 00:29:36,840 --> 00:29:39,640 Speaker 1: a very clear impact right off the bat. Yeah, and uh, 531 00:29:39,720 --> 00:29:43,920 Speaker 1: you see you're watching Airbnb as well, another sort of 532 00:29:43,960 --> 00:29:47,800 Speaker 1: disappointing earnings or outlook story here. You know, it's interesting 533 00:29:47,840 --> 00:29:50,000 Speaker 1: because I feel like everyone is trying to figure out 534 00:29:50,040 --> 00:29:53,080 Speaker 1: how to travel and where to travel immediately, and yet 535 00:29:53,120 --> 00:29:55,640 Speaker 1: their bookings numbers actually came in as a miss. So 536 00:29:55,720 --> 00:29:58,600 Speaker 1: a b nb is your taker down about seven percent 537 00:29:58,720 --> 00:30:00,480 Speaker 1: this morning. So once again, it really it comes down 538 00:30:00,480 --> 00:30:03,080 Speaker 1: to the idea that well, those bookings estimates they missed 539 00:30:03,360 --> 00:30:06,800 Speaker 1: what the analysts were expecting, especially in light of this 540 00:30:06,880 --> 00:30:08,400 Speaker 1: demand story that you're seeing with a lot of the 541 00:30:08,400 --> 00:30:10,640 Speaker 1: airlines as well. They actually said of the bookings in 542 00:30:10,680 --> 00:30:13,960 Speaker 1: the second quarter, well a rose, but even that kind 543 00:30:13,960 --> 00:30:16,440 Speaker 1: of rise wasn't enough because if you look at it 544 00:30:16,440 --> 00:30:18,520 Speaker 1: from a year ago, that was a fifty percent increase, 545 00:30:18,560 --> 00:30:20,640 Speaker 1: so you can really see how they're not able to 546 00:30:20,720 --> 00:30:24,640 Speaker 1: keep up that momentum. And finally some surprising earnings I 547 00:30:25,240 --> 00:30:28,760 Speaker 1: guess from Starbucks. Yeah, you know, it's funny. We're talking 548 00:30:28,800 --> 00:30:31,480 Speaker 1: about the consumer willingness to spend, and I think a 549 00:30:31,480 --> 00:30:33,200 Speaker 1: lot of people are saying, well, that cup of coffee 550 00:30:33,520 --> 00:30:35,800 Speaker 1: is just way too expensive. But take a look at this. 551 00:30:36,000 --> 00:30:40,040 Speaker 1: Starbucks reporting very strong US performance, offsetting some of the 552 00:30:40,040 --> 00:30:42,880 Speaker 1: issues in China as well. The average ticket or cost 553 00:30:42,920 --> 00:30:47,880 Speaker 1: per order rose six percent, but comparable tractions transactions excuse me, 554 00:30:48,120 --> 00:30:50,800 Speaker 1: felt three percent, So basically they're charging higher prices for 555 00:30:50,840 --> 00:30:52,959 Speaker 1: a lower volume of shares. Sp u X is your 556 00:30:52,960 --> 00:30:56,000 Speaker 1: ticker up this morning, Eathan and going for the higher 557 00:30:56,040 --> 00:30:59,320 Speaker 1: healed consumer. Thanks Creedy. Always good to have you with us. 558 00:30:59,360 --> 00:31:03,400 Speaker 1: Create grouped Bloomberg Radio and TV Markets correspondent looking ahead 559 00:31:03,440 --> 00:31:06,480 Speaker 1: to the market open. Futures are higher, SMP futures up 560 00:31:06,520 --> 00:31:10,080 Speaker 1: fourteen points, staff features up a hundred sixteen, nastac features 561 00:31:10,160 --> 00:31:13,480 Speaker 1: up thirty seven points, the tenure treasury down eight thirty seconds, 562 00:31:13,480 --> 00:31:16,560 Speaker 1: the yield close to two point seven per cent. And 563 00:31:16,600 --> 00:31:23,320 Speaker 1: you're listening to Bloomberg Day Break Bloomberg eleven three oh 564 00:31:23,360 --> 00:31:25,480 Speaker 1: weather sunny in your ninety today will have a heat 565 00:31:25,520 --> 00:31:29,160 Speaker 1: advisory for the rest of the week Tomorrow Friday, both 566 00:31:29,240 --> 00:31:33,120 Speaker 1: days near nine five degrees right now seventy three in 567 00:31:33,160 --> 00:31:40,200 Speaker 1: Central Park Markets. Headlines and breaking news twenty four hours 568 00:31:40,200 --> 00:31:43,160 Speaker 1: a day at Bloomberg dot Com, the Bloomberg Business at 569 00:31:43,280 --> 00:31:47,040 Speaker 1: and at Bloomberg Cricktape. This is a Bloomberg Business lash 570 00:31:52,880 --> 00:31:55,480 Speaker 1: and I'm Karen Moscow. Futures on the rise this morning, 571 00:31:55,520 --> 00:31:57,360 Speaker 1: we get at the first word breaking news dash for 572 00:31:57,400 --> 00:32:01,640 Speaker 1: today's morning call. Here's Bill Maloney, Bill, good morning, Good morning, Karen. 573 00:32:01,680 --> 00:32:03,520 Speaker 1: That's right. US futures are in the green right now 574 00:32:03,520 --> 00:32:06,080 Speaker 1: at the futures up a hundred twelve points, sumes gained 575 00:32:06,080 --> 00:32:09,280 Speaker 1: fourteen well, Nastic futures are up by thirty eight. The 576 00:32:09,480 --> 00:32:12,000 Speaker 1: US ten year old at two point seven eight percent, 577 00:32:12,040 --> 00:32:14,200 Speaker 1: Gold is little change, Oil is in the red, and 578 00:32:14,240 --> 00:32:17,680 Speaker 1: bigcoin is training higher by one point seven percent. Japan 579 00:32:17,800 --> 00:32:21,160 Speaker 1: rose half percent overnight, while your markets are posting modest 580 00:32:21,240 --> 00:32:23,400 Speaker 1: games this morning. And back in the US on the 581 00:32:23,400 --> 00:32:25,960 Speaker 1: economic front, at nine forty five services p m I 582 00:32:26,280 --> 00:32:29,120 Speaker 1: and at ten o'clock factory orders and durable goods orders. 583 00:32:29,400 --> 00:32:31,360 Speaker 1: After the LS night, robin Hood said it will cut 584 00:32:31,400 --> 00:32:34,920 Speaker 1: twenty three percent of its workforce. PayPal bead Estimates is 585 00:32:34,920 --> 00:32:38,560 Speaker 1: buying back fifteen billion and is up twelve percent pre market, 586 00:32:38,800 --> 00:32:41,840 Speaker 1: A m D report is down five percent pre market, 587 00:32:41,880 --> 00:32:45,880 Speaker 1: and Starbucks EPs speed estimates. Regarding earnings this morning, CVS 588 00:32:45,920 --> 00:32:49,120 Speaker 1: boosted his forecast, and wrapping things up, Uber was raised 589 00:32:49,120 --> 00:32:52,520 Speaker 1: to outperform over at Raymond James Live from the first 590 00:32:52,520 --> 00:32:55,680 Speaker 1: Breaking News descom Bill Maloney, care all right, Bill, thank you, 591 00:32:55,760 --> 00:32:58,080 Speaker 1: and to hear live breaking news over your Bloomberg tipe 592 00:32:58,120 --> 00:33:01,000 Speaker 1: squalk on your terminal squ a w K. That's a 593 00:33:01,000 --> 00:33:03,760 Speaker 1: Bloomberg business flash. Now here's Michael Barrow with more on 594 00:33:03,840 --> 00:33:06,320 Speaker 1: what's going on around the World, Michael Karen, thank you 595 00:33:06,400 --> 00:33:10,120 Speaker 1: very much. A major victory for abortion rights advocates, voters 596 00:33:10,160 --> 00:33:14,000 Speaker 1: in Kansas overwhelmingly rejected an amendment that would have eliminated 597 00:33:14,040 --> 00:33:17,280 Speaker 1: the constitutional right to an abortion and placed the issue 598 00:33:17,320 --> 00:33:20,520 Speaker 1: in the hands of state lawmakers. President Joe Biden today 599 00:33:20,520 --> 00:33:24,120 Speaker 1: will sign a second executive order intended to improve access 600 00:33:24,160 --> 00:33:27,520 Speaker 1: to abortion services, more than five weeks after the U. S. 601 00:33:27,520 --> 00:33:30,960 Speaker 1: Supreme Court allowed states to largely put them off limits. 602 00:33:31,440 --> 00:33:35,520 Speaker 1: Hall of Fame broadcaster Vince Scully has died. Scully broadcast 603 00:33:35,560 --> 00:33:38,560 Speaker 1: baseball games for the Dodgers for sixties seven years. Vin 604 00:33:38,640 --> 00:33:42,520 Speaker 1: Scully was ninety four, asked four games. The Yankees lost 605 00:33:42,560 --> 00:33:45,760 Speaker 1: to the Mariners, eight six, The Mats lost to the Nationals, 606 00:33:45,800 --> 00:33:49,840 Speaker 1: five one, the Orioles and Red Sox one, the A's 607 00:33:50,040 --> 00:33:53,600 Speaker 1: and Giants lost. Global News twenty four hours a day 608 00:33:53,720 --> 00:33:57,040 Speaker 1: on air and on Bloomberg Quicktake, powered by more than 609 00:33:57,080 --> 00:33:59,520 Speaker 1: twenty seven hundred journalist and analysts more than a hundred 610 00:33:59,560 --> 00:34:04,440 Speaker 1: twenty trees. I'm Michael Barr, and this is Bloomberg caeron. Sorry, Michael, 611 00:34:04,440 --> 00:34:07,080 Speaker 1: thank you. Sixty nine on Wall Street returned to news 612 00:34:07,160 --> 00:34:09,719 Speaker 1: and science and Technology Now with the Bloomberg n j 613 00:34:09,880 --> 00:34:12,120 Speaker 1: I T STEM Report. It's brought to you by New 614 00:34:12,200 --> 00:34:15,720 Speaker 1: Jersey Institute of Technology, ranked to top fifty national public 615 00:34:15,800 --> 00:34:19,040 Speaker 1: university by US News and World Report, and top ten 616 00:34:19,120 --> 00:34:22,080 Speaker 1: in the nation for engineering by money dot Com. Learn 617 00:34:22,160 --> 00:34:23,880 Speaker 1: more at n j I T dot E d U 618 00:34:24,320 --> 00:34:27,399 Speaker 1: and here's its mega news and science, Technology, Engineering and math. 619 00:34:27,640 --> 00:34:30,719 Speaker 1: A push in Washington to transform the US derivatives regulator 620 00:34:30,719 --> 00:34:33,560 Speaker 1: into a top crypto washdog is gaining steam with a 621 00:34:33,640 --> 00:34:36,880 Speaker 1: Senate bill that would give the Commodity Futures Trading Commission 622 00:34:36,920 --> 00:34:40,560 Speaker 1: sweeping new powers to oversee the asset class. The CFTC, 623 00:34:40,880 --> 00:34:44,279 Speaker 1: whose purview is now mostly limited to crypto derivatives, would 624 00:34:44,280 --> 00:34:47,120 Speaker 1: get the ability to police trading and the largest digital 625 00:34:47,160 --> 00:34:50,120 Speaker 1: assets under the plans, set to be introduced today by 626 00:34:50,160 --> 00:34:54,160 Speaker 1: Democratic Debbie Stevan Now and Republican John Bozeman. After a 627 00:34:54,280 --> 00:34:57,800 Speaker 1: tough first year as a public company, robin Hood Markets 628 00:34:57,880 --> 00:35:01,120 Speaker 1: is cutting almost a fourth of its workforce, closing offices. 629 00:35:01,200 --> 00:35:05,399 Speaker 1: The app based brokerage dismissed seven people on Tuesday. Robin 630 00:35:05,440 --> 00:35:08,040 Speaker 1: Hood went public in July of last year. The business 631 00:35:08,160 --> 00:35:11,520 Speaker 1: quickly slumped monthly active users. The client of the company's 632 00:35:11,520 --> 00:35:15,359 Speaker 1: shares plunged, and water levels on Europe's Rhine River are 633 00:35:15,360 --> 00:35:18,640 Speaker 1: getting closed to the point where it has to effectively close. 634 00:35:19,040 --> 00:35:21,600 Speaker 1: That would put the transport of large quantities of goods 635 00:35:21,600 --> 00:35:25,360 Speaker 1: at risk called shipments are already restricted by low water levels, 636 00:35:25,640 --> 00:35:28,160 Speaker 1: and then a school more expensive, which raises the price 637 00:35:28,200 --> 00:35:31,920 Speaker 1: of operating coal fired power plants. As the Bloomberg and J. A. T. 638 00:35:32,040 --> 00:35:35,320 Speaker 1: Stem report. Nathan thanks Karen rely from the Bloomberg Interactive 639 00:35:35,320 --> 00:35:37,560 Speaker 1: Broker studios where it's almost six fifty one on Wall 640 00:35:37,560 --> 00:35:39,960 Speaker 1: Street time now to check what's going on in DC or. 641 00:35:40,000 --> 00:35:42,720 Speaker 1: Some of the top stories include Speaker Pelosi vowing support 642 00:35:42,760 --> 00:35:47,200 Speaker 1: for Taiwan despite Chinese threats, Voters in Kansas backing abortion 643 00:35:47,280 --> 00:35:50,000 Speaker 1: rights on a busy primary night, the Senate passing the 644 00:35:50,040 --> 00:35:54,200 Speaker 1: burn Pit Bill after pressure from John Stewart and President 645 00:35:54,200 --> 00:35:57,760 Speaker 1: Biden to sign another executive order on abortion access, springing 646 00:35:57,760 --> 00:36:01,600 Speaker 1: Bloomberg government reporter Emily Wilkins for more on all these stories. Emily, 647 00:36:01,719 --> 00:36:04,719 Speaker 1: did Speaker Pelosi accomplish what she set out to do 648 00:36:04,840 --> 00:36:08,520 Speaker 1: in Taiwan so in a big way? Yes? I mean 649 00:36:08,560 --> 00:36:11,480 Speaker 1: the fact that Pelosi did go on this trip to Taiwan, 650 00:36:11,600 --> 00:36:15,120 Speaker 1: that she did visit the island regardless of the threats 651 00:36:15,160 --> 00:36:18,080 Speaker 1: made by Beijing, and we have seen Shanna go ahead 652 00:36:18,120 --> 00:36:21,800 Speaker 1: and retaliate say that they are going to be doing 653 00:36:21,840 --> 00:36:25,880 Speaker 1: some missile tests as well as military drills more intense 654 00:36:25,920 --> 00:36:28,480 Speaker 1: than what we've seen in the past. UM. They are 655 00:36:28,520 --> 00:36:34,360 Speaker 1: also looking into UH potential UM trading UH trading and 656 00:36:34,440 --> 00:36:38,600 Speaker 1: instinctions that go along with Pelosi having made this trip. 657 00:36:38,920 --> 00:36:41,799 Speaker 1: But Pelosi said that even though this trip is not 658 00:36:41,920 --> 00:36:44,520 Speaker 1: about any sort of larger shift in the U S 659 00:36:44,520 --> 00:36:48,560 Speaker 1: stance towards Taiwan, UH, she told said during a speech 660 00:36:48,600 --> 00:36:51,400 Speaker 1: that the US will not abandon UH their commitment to 661 00:36:51,440 --> 00:36:54,400 Speaker 1: our commitment to Taiwan. And she said that she is 662 00:36:54,480 --> 00:36:58,000 Speaker 1: quote proud of our during friendship. UH. So the message 663 00:36:58,000 --> 00:37:00,600 Speaker 1: she tried to bring with solidarity and and really that 664 00:37:00,680 --> 00:37:04,280 Speaker 1: was just accomplished by Pelosi making this incredibly historic trip 665 00:37:04,880 --> 00:37:07,560 Speaker 1: to the island, the first speaker to visit there in 666 00:37:07,640 --> 00:37:10,560 Speaker 1: twenty five years. UH certainly means a lot. As the 667 00:37:10,719 --> 00:37:14,000 Speaker 1: third highest ranking US official. How is the trip being 668 00:37:14,040 --> 00:37:17,080 Speaker 1: received in Washington? Is it seen as worth it? Given 669 00:37:17,120 --> 00:37:19,560 Speaker 1: all the tensions between the US and China, and now 670 00:37:19,600 --> 00:37:23,480 Speaker 1: they seem like they're ratcheting up even further. So Shortly 671 00:37:23,520 --> 00:37:28,560 Speaker 1: after pelosi Um plane touchdown, there was a statement released 672 00:37:28,560 --> 00:37:32,640 Speaker 1: by a number of dozens of Republican senators praising Pelosi 673 00:37:32,719 --> 00:37:34,560 Speaker 1: for going on this trip, saying that it was the 674 00:37:34,680 --> 00:37:37,759 Speaker 1: right thing to do. UM there certainly have been some 675 00:37:38,000 --> 00:37:41,600 Speaker 1: concerns about the timing of this trip, whether or not 676 00:37:41,719 --> 00:37:44,120 Speaker 1: this is kind of the right time to go to Taiwan. 677 00:37:44,480 --> 00:37:48,120 Speaker 1: I remember, China is about to um their governing body 678 00:37:48,280 --> 00:37:51,719 Speaker 1: is about to convene. We're expecting current President Jijin paying 679 00:37:51,800 --> 00:37:55,879 Speaker 1: to be elected for an unprecedented third term. And how 680 00:37:56,000 --> 00:37:59,680 Speaker 1: they feel about this trip to Taiwan, it might lead 681 00:38:00,280 --> 00:38:03,080 Speaker 1: China to look at its current policy and so of 682 00:38:03,120 --> 00:38:07,440 Speaker 1: reevaluate what how it is going to continue its future 683 00:38:07,520 --> 00:38:10,160 Speaker 1: with time on and so it'll be interesting to see 684 00:38:10,239 --> 00:38:13,200 Speaker 1: how this plays out. But at this moment in time, 685 00:38:13,239 --> 00:38:17,320 Speaker 1: I think most lawmakers, most folks in Washington do support 686 00:38:17,360 --> 00:38:20,840 Speaker 1: Speaker Pelosi making this trip. Well, let's turn to domestic politics. 687 00:38:21,040 --> 00:38:23,160 Speaker 1: Is it was quite a busy night in terms of 688 00:38:23,239 --> 00:38:26,799 Speaker 1: primary races, and one of the big takeaways was this 689 00:38:26,880 --> 00:38:31,640 Speaker 1: vote out of Kansas on an abortion rights amendment. Yes, 690 00:38:31,719 --> 00:38:35,759 Speaker 1: this is huge. The Kansas constitution currently says there is 691 00:38:35,800 --> 00:38:39,600 Speaker 1: a right to abortion. There was an effort to change that. 692 00:38:39,600 --> 00:38:42,479 Speaker 1: That effort failed, so this could be considered a huge 693 00:38:42,520 --> 00:38:47,320 Speaker 1: victory for those who support abortion rights. UM. Certainly is 694 00:38:47,400 --> 00:38:49,760 Speaker 1: really sends a message. You know, Kansas was a state 695 00:38:49,840 --> 00:38:52,200 Speaker 1: that that voted for Trump, that's backed a lot of 696 00:38:52,200 --> 00:38:55,160 Speaker 1: Republicans in the past, and the fact that you did 697 00:38:55,200 --> 00:38:59,000 Speaker 1: see this huge turnout really I think begins to answer 698 00:38:59,000 --> 00:39:01,640 Speaker 1: a question that a lot of us are are looking at, 699 00:39:01,840 --> 00:39:04,920 Speaker 1: which is are we going to see Democrats get a 700 00:39:05,000 --> 00:39:09,279 Speaker 1: boost in November because of this issue on abortion and 701 00:39:09,360 --> 00:39:13,160 Speaker 1: abortion rights? And I think Kansas is a very UM 702 00:39:13,640 --> 00:39:16,600 Speaker 1: is a big sign that yes, this is something that 703 00:39:16,680 --> 00:39:19,000 Speaker 1: voters are willing to turn out on, This is something 704 00:39:19,000 --> 00:39:21,920 Speaker 1: they're paying attention to, This is something that will get 705 00:39:21,960 --> 00:39:25,120 Speaker 1: them fired up. Remember, Nathan for for mid terms, So 706 00:39:25,239 --> 00:39:27,520 Speaker 1: much of the question is can you fire up your 707 00:39:27,560 --> 00:39:30,400 Speaker 1: base and get your base out to vote, because you know, 708 00:39:30,480 --> 00:39:33,160 Speaker 1: most folks still vote in the in the big presidential election, 709 00:39:33,560 --> 00:39:35,759 Speaker 1: they might not vote in the mid terms. UM. And 710 00:39:35,800 --> 00:39:38,680 Speaker 1: so the signal from Kansas last night is that, yes, 711 00:39:38,719 --> 00:39:41,600 Speaker 1: abortion rights is an issue that we'll get people to 712 00:39:41,640 --> 00:39:43,680 Speaker 1: the ballot box in the mid term who may not 713 00:39:43,800 --> 00:39:46,600 Speaker 1: have other gone gone otherwise. And in terms of the 714 00:39:46,680 --> 00:39:48,920 Speaker 1: races themselves, Emily, it looks like it was a pretty 715 00:39:48,920 --> 00:39:52,120 Speaker 1: good night for the most part for Republican candidates who 716 00:39:52,120 --> 00:39:55,880 Speaker 1: are backed by former President Trump. Yeah. So we saw 717 00:39:56,200 --> 00:39:58,319 Speaker 1: a couple of different ones. I mean, number one, we 718 00:39:58,360 --> 00:40:00,919 Speaker 1: still have that question with the Missouri said it raced 719 00:40:00,960 --> 00:40:05,000 Speaker 1: on exactly which Eric Trump out, but we did we 720 00:40:05,080 --> 00:40:09,000 Speaker 1: did get and and Eric did win. UM and so 721 00:40:09,160 --> 00:40:13,880 Speaker 1: we uh the former uh that he'll be running against 722 00:40:13,960 --> 00:40:17,920 Speaker 1: in in one of the more interesting elections in the 723 00:40:18,080 --> 00:40:22,720 Speaker 1: general H. We also saw up in Michigan John Gibbs 724 00:40:22,760 --> 00:40:26,000 Speaker 1: beating Peter Meyer. He was one of the ten Republicans 725 00:40:26,080 --> 00:40:29,759 Speaker 1: who did vote to impeach Trump last year. UM. And 726 00:40:29,800 --> 00:40:33,480 Speaker 1: so yeah, we're continuing to see fairly good good nights 727 00:40:33,600 --> 00:40:37,560 Speaker 1: for Trump indorsed candidates. UM. And it'll be interesting to 728 00:40:37,600 --> 00:40:40,480 Speaker 1: see for some of them. I am thinking, particularly in 729 00:40:40,520 --> 00:40:43,680 Speaker 1: that Michigan district with John Gibbs, can you wind up 730 00:40:43,680 --> 00:40:46,040 Speaker 1: surviving in the general election? I mean, that is a 731 00:40:46,120 --> 00:40:49,400 Speaker 1: Democratic leading district. UM. And even though it might not 732 00:40:49,480 --> 00:40:53,080 Speaker 1: be a great year for Democrats necessarily, Uh, it's it's 733 00:40:53,200 --> 00:40:55,320 Speaker 1: it's going to be interesting to see how that plays out. 734 00:40:55,440 --> 00:40:57,960 Speaker 1: In our last minute here Emily, We got word from 735 00:40:57,960 --> 00:41:00,160 Speaker 1: the White House this morning the President Biden's is doing 736 00:41:00,160 --> 00:41:04,440 Speaker 1: another executive order on abortion access. What's that going to do? So, 737 00:41:04,480 --> 00:41:07,000 Speaker 1: this is going to direct the Health and Human Services 738 00:41:07,080 --> 00:41:11,160 Speaker 1: Agency to consider all actions to ensure healthcare providers comply 739 00:41:11,320 --> 00:41:15,000 Speaker 1: with federal non discrimination laws UM and the idea is 740 00:41:15,120 --> 00:41:18,120 Speaker 1: for the Departments for Health and Human Services to provide 741 00:41:18,200 --> 00:41:22,719 Speaker 1: healthcare providers with technical and legal guidance to navigate the 742 00:41:22,760 --> 00:41:26,439 Speaker 1: patchwork of state regulations that they're now facing, as well 743 00:41:26,480 --> 00:41:29,080 Speaker 1: as trying and provide guidance to a woman who might 744 00:41:29,120 --> 00:41:32,960 Speaker 1: be traveling across state lines to seek an abortion. Thanks 745 00:41:33,000 --> 00:41:35,960 Speaker 1: as always, Bloomberg Government reporter Emily Wilkins with us from 746 00:41:36,000 --> 00:41:39,359 Speaker 1: the nation's capital. Read more about all these stories on 747 00:41:39,400 --> 00:41:42,800 Speaker 1: Bloomberg dot com or on the Bloomberg terminal, And a reminder, 748 00:41:42,840 --> 00:41:45,680 Speaker 1: you can follow all the latest on Bloomberg Radio in 749 00:41:45,800 --> 00:41:50,440 Speaker 1: Washington Bloomberg and one oh five point seven FM h 750 00:41:50,640 --> 00:41:53,080 Speaker 1: D two. As we look ahead to the market open, 751 00:41:53,160 --> 00:41:55,600 Speaker 1: we have futures moving a bit higher now, with SMP 752 00:41:55,719 --> 00:41:59,000 Speaker 1: futures up thirteen points now, futures up a hundred eleven, 753 00:41:59,080 --> 00:42:02,880 Speaker 1: NASTAC futures are higher by thirty six points. The tenure 754 00:42:02,920 --> 00:42:05,959 Speaker 1: treasury is down eight thirty seconds. The yield two point 755 00:42:06,000 --> 00:42:08,359 Speaker 1: seven seven percent. Yield on the two year right now 756 00:42:08,680 --> 00:42:12,480 Speaker 1: three point zero nine percent. Nimex crude is down nine 757 00:42:12,520 --> 00:42:14,759 Speaker 1: tenths per cent or eighty seven cents at ninety three 758 00:42:14,800 --> 00:42:17,759 Speaker 1: dollars fifty five cents of barrel. As OPEC and its 759 00:42:17,760 --> 00:42:22,840 Speaker 1: allies just get ready to meet on a production policy 760 00:42:23,080 --> 00:42:27,319 Speaker 1: meeting that's getting underway shortly. Bloomberg Terminal customers can follow that. 761 00:42:27,400 --> 00:42:29,760 Speaker 1: We have a top live blog going on the Bloomberg 762 00:42:29,880 --> 00:42:33,399 Speaker 1: Terminal t l I v GO as OPEC plus gets 763 00:42:33,400 --> 00:42:37,000 Speaker 1: ready to meet on September, production comes Gold down six 764 00:42:37,040 --> 00:42:41,040 Speaker 1: tenths percent, seventeen seventy eight sixty an ounce. Bloomberg Surveillance 765 00:42:41,120 --> 00:42:44,239 Speaker 1: is next. Tom Keen, Jonathan Farroll, and Lisa Abramowitz for 766 00:42:44,320 --> 00:42:48,319 Speaker 1: Karen Moscow. I'm Nathan Hagar. This is Bloomberg