Speaker 1: Live from the Bloomberg Interactive Burger Studios is Bloomberg Daybreak
Speaker 1: for a Wednesday, August three, two. Coming up the shower,
Speaker 1: Nancy Pelosi vows the US will not abandon Taiwan. We'll
Speaker 1: have the latest from the House Speaker's controversial trade. We
Speaker 1: also have key results from five state primaries, plus feed
Speaker 1: officials doubled down on plants to tighten policy, and shares
Speaker 1: of chip maker a m D slump on a lackluster forecast.
Speaker 1: The Senate has passed the burn Pit Bill after an
Speaker 1: outcry from veterans, Plus the January six missing text case widens.
Speaker 1: Michael Blarner More Ahead, I'm John Stashower and sports more
Speaker 1: trains for the Mets and Yankees they both lost their games,
Speaker 1: and Dodgers broadcasting legend Vin Scully has passed away. That's
Speaker 1: all straight ahead on Bloomberg Daybreak on Bloomberg eleven three,
Speaker 1: on New York, Bloomberg N one, Washington, d C, Bloomberg
Speaker 1: one six one, Boston, Bloomberg nine sixties, San Francisco, Sirius
Speaker 1: XM one nineteen and around the world on Bloomberg Radio
Speaker 1: dot Com and via The Bloomberg Business and Good Morning
Speaker 1: I'm par Moscow, I'm Nathan Hagar. Bloomberg Daybreak brought to
Speaker 1: you by b n y Melon's Pershing learned why the
Speaker 1: world's most sophisticated wealth management that institutional firms rely on
Speaker 1: Pershing to help them improve profitability, create efficiency, attract talent,
Speaker 1: and manage risk at Pershing dot Com. And futures are
Speaker 1: higher this morning six oh one on Wall Street. We
Speaker 1: check the markets every fifteen minutes throughout the trading day
Speaker 1: on Bloomberg S and P futures at fifteen points and
Speaker 1: now futures up a hundred twenty three and NASDACK futures
Speaker 1: up forty eight. The decks in Germany is up a
Speaker 1: quarter of a percent. The tenure treasury down three thirty seconds,
Speaker 1: yield two points seven five percent, and they yield on
Speaker 1: the two year three point oh seven percent. Nathan mccaren
Speaker 1: investors are keeping an eye on what's happening in Taiwan.
Speaker 1: This red headline just across the Bloomberg terminal. Nancy Pelosi's
Speaker 1: plane has taken off following a visit that made major
Speaker 1: waves with China. The House Speaker pledge continued US support
Speaker 1: for Taiwan despite Chinese threats now more than ever, America's
Speaker 1: solidarity with Tom Taiwan is crucial, and that is the
Speaker 1: message we are bringing here today. I'm speaking at a
Speaker 1: meeting with Taiwanese President saying, when Speaker Pelosi talked about
Speaker 1: the recently past bill to boost American made semiconductors the
Speaker 1: chips built, all of these members were instrumental in passing
Speaker 1: that important legislation, which we think offers great greater opportunity
Speaker 1: for US Taiwan economic cooperation. Speaker Pelosi is the highest
Speaker 1: ranking elected US official to visit Taiwan in a quarter century.
Speaker 1: China responded to the trip with new military drills surrounding
Speaker 1: the island and fresh trade curbs on fish, fruit and
Speaker 1: sand for construction. Well, Nathan, the timing of how Spigure
Speaker 1: Pelosi's trip is being questioned by some, including Douglas Luta,
Speaker 1: former US Ambassador to NATO. I'm not sure exactly what
Speaker 1: benefit we're getting from the trip, and it comes to
Speaker 1: the sensitive time just as the three senior executive Ranch
Speaker 1: officials have regained contact with their Chinese counterparts and begun
Speaker 1: to discuss the ramifications of the war in Ukraine. So
Speaker 1: it sort of sets us back I think. Former US
Speaker 1: Ambassador to NATO Douglas Lewis spoke at our Washington corresponded
Speaker 1: Joe Matthew on Bloombergy Sound on Catch the program weekdays
Speaker 1: at five pm Eastern on Bloomberg Radio. Well, another major
Speaker 1: political story we're following Karen involves some key primary races
Speaker 1: across the country, and we get the results from Amy
Speaker 1: Morris in our Bloomberg newsroom in Washington. We begin in Michigan,
Speaker 1: where Trump backed Republican commentator Tutor Dixon faces Democratic comment
Speaker 1: Gretchen Whitmer and the race for governor. In November, Dixon
Speaker 1: won the nomination with of the vote. Three House Republicans
Speaker 1: who voted to impeach Donald Trump, Michigan's Peter Meyer and
Speaker 1: Washington's Jamie Herrera Butler and Dan new House all lost
Speaker 1: their primaries to Trump endorsed candidates. In Missouri, Republican Eric
Speaker 1: Schmidt one the nomination with nearly forty six percent of
Speaker 1: the vote, derailing former Governor Eric Gryden's political comeback. In Arizona,
Speaker 1: Blake Math there's one the GOP primary with seven percent
Speaker 1: of the vote, and he'll face incumbent Senator Mark Kelly
Speaker 1: in November, in Kansas, fifty nine percent of voters rejected
Speaker 1: a proposal to outlaw abortion in Washington. I'm Amy Morris,
Speaker 1: Bloomberg Daybreak. All right, Amy, thank you a little more
Speaker 1: on that abortion vote out of Kansas. As we heard
Speaker 1: Amy say, fifty of voters chose to maintain abortion rights
Speaker 1: in the state. Turn Out in Kansas far exceeded other
Speaker 1: contests in recent years, totally nearly twice as many ballots
Speaker 1: as in eighteens primary election. Let's turn back to markets
Speaker 1: care and they are stabilizing this morning after yesterday's declines
Speaker 1: fueled by anxiety over US China relations and hawkish comments
Speaker 1: from the FED. Back four FED officials pushed back at
Speaker 1: the idea that the central bank could pivot away from tightening. Instead,
Speaker 1: they say there is no sign inflation is easing. Here's
Speaker 1: Cleveland's Larettamester. You don't talk about recession per se. It's
Speaker 1: are we growing below or above trend? And you know
Speaker 1: my forecast for this year is that will be growing
Speaker 1: below trend. But that's necessary in order to get price
Speaker 1: increases inflation under control. Those comments from Cleveland Fed President
Speaker 1: Loretta Mester helped trigger a surge in treasury yields yesterday. St.
Speaker 1: Louis FED President James Bullard says the FED is up
Speaker 1: to the task of tackling inflation, so modern central banks,
Speaker 1: I will try to convince you have more credibility than
Speaker 1: their counterparts in the nineteen seventies. Because of this, it
Speaker 1: seems like the FED and the ECB may be able
Speaker 1: to disinflate in an orderly manner and get a relatively
Speaker 1: soft landing. St. Louis President Jim Bullard reiterated the Central
Speaker 1: Banks should probably increase its benchmark rates to his highest
Speaker 1: four percent by the end of the year. Well. Several
Speaker 1: stocks are on the move this morning. Nathan Shares of
Speaker 1: Advanced micro Devices are down more than five percent. That's
Speaker 1: after the chipmaker gave a lukewarm sales forecast to meet
Speaker 1: the story from Bloomberg Charley Pillett. It indicates that market
Speaker 1: share gains against Intel will not make up for the
Speaker 1: decline in PC demand, and he said revenue in the
Speaker 1: period will be about six point seven million dollars. That
Speaker 1: compares with an average analysts estimate of six point eight
Speaker 1: one billion. Under CEO Lisa Sue, am d have been
Speaker 1: taking market share from Intel and benefiting from demand for
Speaker 1: its new powerful server chips, but the outlook shows that
Speaker 1: the company is not insulated from the slowing PC industry,
Speaker 1: which is still the biggest market for its products in
Speaker 1: New York. Charlie Pellett Bloomberg, debreak. All right, Charlie. Thanks.
Speaker 1: Let's look at some other movers this morning, with Bloomberg's
Speaker 1: John Tucker joining us live. Good morning, John, Good morning, Nathan.
Speaker 1: Airbnb shears slumping of the pre market down over seven percent,
Speaker 1: the company missing estimates on bookings shares a match plunging
Speaker 1: this morning, the parent company of dating apps like Tinder,
Speaker 1: delivering of foreign cans for revenue of the current quarter
Speaker 1: that fell short of estimates, growth being slowed still by
Speaker 1: fallout from COVID nineteen and a strong dollar. PayPal shares
Speaker 1: up eleven percent after saying activist Investory Elliott Investment Management
Speaker 1: now one of the largest shareholders, and the cost cutting
Speaker 1: will save nine of million dollars this year. And finally,
Speaker 1: robin Hood Market shares a little change after announcing it's
Speaker 1: eliminating almost a quarter of its workforce. Live in New
Speaker 1: York on John Tucker Bloomberg Daybreak. All right, John, thank you,
Speaker 1: and futures are on the rise. This morning, straight ahead,
Speaker 1: your latest local headlines, plus the check of sports, and
Speaker 1: this is Bloomberg. Thanks Terence. Six oh seven on Wall Street,
Speaker 1: seventy three degrees in Central Park. Gotta crash westbound l
Speaker 1: I at Queen's Boulevard. Details come up in traffic. First
Speaker 1: Michael Barr with what else is going on in New
Speaker 1: York and around the world. Michael, thank you very much. Nathan.
Speaker 1: The Senate passed the Packed Act and at helping veterans
Speaker 1: who have been exposed to toxic burn pits. The bill
Speaker 1: passed and in eight six to eleven vote, overcoming Republican
Speaker 1: claims it contains loopholes that would allow indiscriminate spending. Senate
Speaker 1: Democratic lead to Chuck Schumer's spoke after the bill passed. Finally,
Speaker 1: at long last, America lived up to its ideals by saying,
Speaker 1: to our vet trends who have been exposed to toxic
Speaker 1: chemicals from burn pitts, we have your back. Senate Veterans
Speaker 1: Affairs Committee chair John Tester credited veterans and comedian John
Speaker 1: Stewart's protests for helping get the bill passed. I've never
Speaker 1: seen so many veterans with tears in their eyes and
Speaker 1: tears in their eyes of joy that I've seen in
Speaker 1: the last hour. Senator to Tester says the bill will
Speaker 1: help thousands of sick US veterans. New York Congresswoman Carola
Speaker 1: Maloney has sent she didn't believe that President Joe Biden
Speaker 1: would run for re election in four The comments came
Speaker 1: during a New York One debate last evening among candidates
Speaker 1: vying for the Democratic primary nomination in New York's twelfth
Speaker 1: congressional district. Because of redistrict thing, Maloney is running against
Speaker 1: fellow New York House heavyweight Gerald Nadler and lawyer Savage Pittel.
Speaker 1: The Defense Department electronically wiped the phones of some former
Speaker 1: top officials who served under then President Donald Trump, Bloomberg said,
Speaker 1: back to reports, and the Department of Defense is confirming
Speaker 1: that a d o J investigation of the missing January
Speaker 1: six tax is now confirmed that along with accidentally deleting
Speaker 1: some texts, some phones were purposefully wiped after January six.
Speaker 1: Government lawyers made that admission in court filings tied to
Speaker 1: the Freedom of Information Act lawsuit, and the Oversight Group
Speaker 1: is urging attorney General Merritt Garland to investigate DODS actions
Speaker 1: in allowing the destruction of records potentially relevant to a
Speaker 1: significant matter of national attention and historical importance. In San Francisco,
Speaker 1: I'm at Baxter Bloomberg Daybreak, the State Department more an
Speaker 1: American citizens traveling overseas of possible retaliation by Al Qaeda
Speaker 1: and its supporters after the organization's leader was killed in
Speaker 1: the U s drone struke. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg quick Take, powered
Speaker 1: by more than journalists and analysts more than a hundred
Speaker 1: twenty countries. I'm Michael Barr, and this is Bloomberg, Nathan.
Speaker 1: Thank you, Michael. Almost six ten on Wall Street time
Speaker 1: for the Bloomberg Sports Update with John sesshow Thanks Dathan.
Speaker 1: Vince Galley has passed away. The New York native began
Speaker 1: calling Brooklyn Dodgers games shortly after he graduated from Fordham,
Speaker 1: and he kept the job for sixty seven years. The
Speaker 1: owner of that soothing voice with an unparalleled ability to
Speaker 1: tell stories while calling the game, Vince Scully a true
Speaker 1: broadcasting legend. He was ninety four. Matts and Yankees both
Speaker 1: lost bets in Washington five to one, ending their seven
Speaker 1: game winnings. Draper Mets fans happy to see Jacob de
Speaker 1: Graham on the mound first time this season. Five solid
Speaker 1: and he's allowed just one run. Yankees battled back from
Speaker 1: deficits a couple of times, but in the end they
Speaker 1: lost the Seattle at the Stadium eight to six. The
Speaker 1: Yankees made a couple more trades before the deadline. They
Speaker 1: found a Joey gallow taker in the Dodgers. Gallow will
Speaker 1: complete bust in his time in Pence Pipe, betting just
Speaker 1: one fifty nine. The Dodgers gave the Yanks of top
Speaker 1: pitching prospect Clayton beat Her in return. The Yankees then
Speaker 1: made a more surprising move because Jordan Montgomery has been
Speaker 1: a solid starting pitcher for them, but they did just
Speaker 1: acquire another starter and Frankie Manta, so they shipped Montgomery
Speaker 1: to St. Louis for an outfield He was Yankees GM
Speaker 1: Brian Cashman and Harrison Vader. Dader is you know, one
Speaker 1: of the elite center field UH defenders in the game, um,
Speaker 1: and so he provides a lot of lanes for us,
Speaker 1: I think for a manager when he's when he's healthy Vada,
Speaker 1: currently out with a foot injury. He's in New York.
Speaker 1: Native went to high school at Paris Man and the Bronx.
Speaker 1: Mets acquired two players after the Darren Roff They sent J. D.
Speaker 1: Davis to the Giants. Mets also picked up a reliever,
Speaker 1: Michael Gibbons, from the Cubs. Of course, the big trade
Speaker 1: yesterday with Juan Soto join from Washington to San Diego.
Speaker 1: John Stashwart Bloomberg sports name all right, John, Thanks SMP
Speaker 1: future is now sixteen points. Staff features up a hundred
Speaker 1: thirty six stands A futures hired by forty six points.
Speaker 1: The tenure Treasury is down three thirty seconds. Yield close
Speaker 1: to two point seven six percent. Yield on the two
Speaker 1: year right now three point zero seven percent. Nimex crew
Speaker 1: down three quarters percent. Ninety three dollars seventies cent se
Speaker 1: barrel ahead of the OPEC plus policy meeting. This is
Speaker 1: Bloomberg Bloomberg eleven three oh weather abundant sunshine hid your
Speaker 1: ninety today heat advisory and effect tomorrow into Friday. Highs
Speaker 1: both days near right now seventy three in Central Park markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, a Bloomberg Business at and at Bloomberg Quicktape,
Speaker 1: He's a Bloomberg Business Flash and I'm Cameron Moscow and
Speaker 1: you West dot index Future is on the rise today
Speaker 1: as some of the investor anxiety over tense US China
Speaker 1: ties eases, while treasuries extend as slide sparked by hawkish
Speaker 1: Feder Reserve comments. We checked the markets every fifteen minutes
Speaker 1: throughout the trading day. On Bloomberg Guess and p Future
Speaker 1: is of fifteen points and down features of a dred
Speaker 1: twenty five and NASDAG future is up forty The decks
Speaker 1: in Germany's up three tents of upper cent, the ten
Speaker 1: year treasury down four thirday seconds two point seven six percent,
Speaker 1: the yield on the two year three point oh seven percent.
Speaker 1: Non mex screwed oil is down six tents percent or
Speaker 1: sixty one cents, and ninety three seventy nine cents in
Speaker 1: barrel called max schoold is down six tenths per cent
Speaker 1: or ten dollars thirty cents a seventeen seventy. The euro
Speaker 1: one point oh one nine one against the dollar, British
Speaker 1: found one point one eight seven and one thirty three
Speaker 1: point to eight and bitcoin this morning of one point
Speaker 1: seven percent at twenty three thousand, four hundred dollars. That's
Speaker 1: a Bloomberg business flash. Now here's Michael Barr with more
Speaker 1: on what's going on around the world. Michael Karen, thank
Speaker 1: you very much. Kansas voters refused to change the state
Speaker 1: constitution to declare there is no right to an abortion
Speaker 1: on our fifty nine to vote. The state Supreme Court
Speaker 1: decision in that Granite state constitutional abortion rights remains intact.
Speaker 1: President Biden says you will sign an executive order today
Speaker 1: intended to improve access to abortion services by allowing travel
Speaker 1: using Medicaid funds. Hall of Fame broadcaster Vin Scully has
Speaker 1: done Scully broadcast baseball games with the Dodgers for sixty
Speaker 1: seven years. Vin Scully was ninety four asked for the
Speaker 1: games The Yankees lost to the Marineers eight six, the
Speaker 1: Mets lost from the Nationals five one, the Orioles and
Speaker 1: Red Sox one, the A's and Giants lost. Global news
Speaker 1: twenty four hours a day on he Or and on
Speaker 1: Bloomberg quick Take, powered by more Event twenty seven hundred
Speaker 1: journalist and analyst. More than a hundred twenty countries. Michael
Speaker 1: Barr and this is Bloomberg. Nathan No, Michael, thank you.
Speaker 1: It is now six nineteen on Wall Street Live from
Speaker 1: the Bloomberg Interactive Broker Studios. This is Bloomberg and Daybreak,
Speaker 1: and we returned to our top story. Now, how speaker
Speaker 1: Nancy Pelosi pledging that the US will not abandon Taiwan,
Speaker 1: as she has just wrapped up a visit to the
Speaker 1: island that has caused major waves in mainland China. Joining
Speaker 1: us now is Rosalind Matheson, Executive editor for International Government
Speaker 1: for Bloomberg News. Ros Good morning. Of course, a lot
Speaker 1: of saber rattling around this trip, it doesn't go beyond that. Well,
Speaker 1: it's interesting to see the level of the China response
Speaker 1: so far. We're seeing threats to have missile tests a
Speaker 1: though none have actually eventuated, and very big military drills
Speaker 1: they say we'll start tomorrow. We're essentially Chinese ships are
Speaker 1: encircling Taiwan, cutting off the naval passageway and also the airspace.
Speaker 1: But we're also seeing perhaps a sense of restraint here
Speaker 1: from China in a sense that they don't want to
Speaker 1: push things too far. Of course, it's a very different
Speaker 1: kettle of fish when you talk about Taiwan and China,
Speaker 1: then when you talk about say Russia and Ukraine, it's
Speaker 1: very clear the US was never going to send troops
Speaker 1: into Ukraine to defend that Taiwan. Possibly they would have to,
Speaker 1: and so China knows that, and they're very careful perhaps
Speaker 1: to go up to the line, but not over it
Speaker 1: into something that might tip into outsight military confrontation, because
Speaker 1: anything that they do there with Taiwan could feasibly join
Speaker 1: the US, and then you've got a very big regional
Speaker 1: war going on or even be on. So we were
Speaker 1: seeing Chinese rhetoric, a lot of balid cost words from China.
Speaker 1: We're seeing this military action, We're seeing a little bit
Speaker 1: of action on the trade side, but nothing that would
Speaker 1: really tip it over at this point into a broader conflict.
Speaker 1: It's interesting that you say that in the event of
Speaker 1: military action against Taiwan that the U s would have
Speaker 1: to step in, because President Biden has been asked about
Speaker 1: that in the past and he sort of had to
Speaker 1: walk back comments sort of suggesting that the US would
Speaker 1: get directly involved in a military conflict. Does the speaker's
Speaker 1: visit change the dynamic when it comes to that. It
Speaker 1: possibly does. Of course, the US administration was so officially
Speaker 1: the policy remains what it was beforehand. But you saw
Speaker 1: very strong words from the US speaking Nancy Pelosi when
Speaker 1: she met today with the Taiwanese president, signing when showing
Speaker 1: we are with you, We're going to show support for
Speaker 1: you no matter what, and that's definitely a message to Beijing.
Speaker 1: It's also just a possibility of miscalculation. If you have
Speaker 1: a bunch of navy ships and planes in close proximity,
Speaker 1: flying over each other, are each other, and particularly into
Speaker 1: Taiwanese airspace, you just have the risk of something going
Speaker 1: wrong that sets off a confrontation that's inadvertent um So
Speaker 1: certainly China is aware of that also, but but just
Speaker 1: aware that at the margins you're probably expecting a very
Speaker 1: high chance the US will be drawn into a military
Speaker 1: conflict over Taiwan in a way that it's not been
Speaker 1: drawn in over Ukraine. Apart from the possibility of at
Speaker 1: least what China's announced of military drills starting as soon
Speaker 1: as tomorrow, we've got trade moves as well, with some
Speaker 1: restrictions on Taiwanese fish and fruit and Chinese exports of
Speaker 1: sand what's the economic impact. Is China trying to put
Speaker 1: the squeeze on Taiwan economically, well, so far those moves
Speaker 1: are fairly small. They don't know if that just snificant
Speaker 1: amount of the trade, and they're probably a bit symbolic,
Speaker 1: but certainly a Chaiwan want its China wanted to equi
Speaker 1: hit Taiwan very effectively on the economic side, of course,
Speaker 1: but now there's no penalties or measures to curb semiconducted trade,
Speaker 1: for example, which is crucial. So China is doing a
Speaker 1: few symbolic steps, but nothing that could rebound on its
Speaker 1: own economy. Of course, Sieging King is cognizant of the
Speaker 1: fact that he needs to keep his own economy taking
Speaker 1: over in decent shape ahead of his own leadership renewal
Speaker 1: later this year, and that he needs to have China
Speaker 1: domestically looking very stable. And so these are measure that
Speaker 1: that are designed to say to Taiwan, We're not happy
Speaker 1: with what's happening, but certainly not significant trade steps so far.
Speaker 1: And now that Speaker Pelosi is on her way out
Speaker 1: of Taiwan, how does this trip affect the rest of
Speaker 1: her Asian itinerary. We've got about a minute left here. Well,
Speaker 1: she goes to South Korea and then on to Japan.
Speaker 1: As you say, a lot of these countries have been
Speaker 1: a little bit cautious about commenting directly on her stop
Speaker 1: in Taiwan, perhaps not wanting to get drawn into the
Speaker 1: fray with China. Japan might be the one exception there.
Speaker 1: They've been quite strongly supportive of Taiwan in recent months,
Speaker 1: risking Chinese are in turn on that, But most countries
Speaker 1: in Asia probably just glad to be honest that she's
Speaker 1: left Taiwan again and that the trip has gone without
Speaker 1: some kind of inadvant and clash occurring as a result.
Speaker 1: Thanks for this Rose, great having you with us this morning.
Speaker 1: Rosalin Mathison, Executive editor for International Government for Bloomberg News.
Speaker 1: As we continue to follow developments in and around Taiwan,
Speaker 1: now that House Speaker Nancy Pelosi has left the island
Speaker 1: and China is announcing new military drills little encircle the
Speaker 1: island that could begin as soon as tomorrow. Looking ahead
Speaker 1: to the market, open futures are touch higher. We've got
Speaker 1: SMP futures right now up thirteen points, staff futures up
Speaker 1: a hundred fifteen and NAZZAC futures are higher by thirty
Speaker 1: three points. The tenure treasuries down nine thirty seconds, yield
Speaker 1: two point seven seven percent. Yield on the two year
Speaker 1: three point zero eight percent. Got some earnings crossing the
Speaker 1: Bloomberg terminal from CVS boosting their outlook. We'll have more
Speaker 1: on that straight ahead. And you are listening to Bloomberg Daybreak.
Speaker 1: Good morning, Bloomer eleven three oh weather, sunshine, your ninety today,
Speaker 1: heat advisory tomorrow near nine tomorrow and Friday when the
Speaker 1: heat advisory expires. Right now seventy three in Central Park,
Speaker 1: broadcasting live from the Bloomberg Interactive Broker Studio in New York.
Speaker 1: Bloomberg E living free to Washington, d C. Bloomberg ninety
Speaker 1: nine one to Boston, Bloomberg one O six one to
Speaker 1: San Francisco, Bloomberg nine sixty to the country, Sirius XM
Speaker 1: to the one nine team, and around the globe the
Speaker 1: Bloomberg business in Bloomberg Radio dot Com. This is Bloomberg
Speaker 1: Daybreak and at six thirty on Wall Street. Good morning.
Speaker 1: I'm Nathan Hagar and I'm Karen Moscow. We are just
Speaker 1: about three hours away from the open of US trading time.
Speaker 1: For the five things that you need to know to
Speaker 1: start your day. To you buy Interactive Brokers. Interactive Brokers
Speaker 1: charges margin loan race from two point three percent to
Speaker 1: three point three percent. Their clients can also earn extra
Speaker 1: income by lending their fully paid shares of stock rates
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Speaker 1: the fallout from how Speaker and Nancy Pelosi's visit to Taiwan.
Speaker 1: Pelosi left the island this morning after a visit during
Speaker 1: which he pledged a continued US commitment to the island.
Speaker 1: America's determination to preserve democraty here in Taiwan and around
Speaker 1: the world remains iron cloud how Spiager and Nancy Pelosi
Speaker 1: was speaking at a meeting which Taiwan's President. China responded
Speaker 1: to Pelosi's trip with new military drills and fresh trade
Speaker 1: curbs that were also following key primary races across the country.
Speaker 1: Karen Tutor Dixon, who was backed by Donald Trump, to
Speaker 1: the vote for the Republican nomination in Michigan's governor's race.
Speaker 1: She'll face Democratic incumbent Gretchen Witner this fall. Three House
Speaker 1: Republicans who voted to impeach Donald Trump lost primaries to
Speaker 1: Trump the doors candidates in Michigan and Washington. Republican Eric
Speaker 1: Schmidt secured nearly forty six percent of the vote from
Speaker 1: Missouri's open Senate seat, derailing former Governor Eric Gryton's and
Speaker 1: in Arizona, Blake Masters will face incumbent Senator Mark Kelly.
Speaker 1: He won the GOP primary with thirty seven percent of
Speaker 1: the vote. Well to Markets Now, Nathan, they're stabilizing after
Speaker 1: yesterday's declines. It comes as four Federal Reserve officials pushed
Speaker 1: back against the narrative that the Fed may pivot away
Speaker 1: from tightening. Cleveland President Lorrettemesters as officials are focused on
Speaker 1: the growth outlook by forecast for this year is that
Speaker 1: will be growing below trend, but that's necessary in order
Speaker 1: to get price increases inflation under control. And as Cleveland
Speaker 1: Fed President Larettamester and incorporate news this morning, shares of
Speaker 1: Advanced micro Devices are down about five percent after the
Speaker 1: company gave a lukewarm sales forecast. In Bloomberg's John Tucker
Speaker 1: joins US Live with the details. Good morning, John, and Nathan.
Speaker 1: The company projecting roughly six point seven billion dollars in sales.
Speaker 1: That figure falls short of Wall Street projections. Even though
Speaker 1: a m D has been taking market share from Intel.
Speaker 1: The latest result shoal the company isn't insulated from the
Speaker 1: slowing PC industry, which is still the biggest market for
Speaker 1: its products. Investor has also been concerned that chipmakers like
Speaker 1: a m D will be left with costly stockpiles of
Speaker 1: unused chips as orders dry up. Live in New York.
Speaker 1: I'm John Tucker, Bloomberg, debreak. All right, John, thank you.
Speaker 1: That's the five things that you need to know to
Speaker 1: start your day, brought to you by Interactive Brokers. Again,
Speaker 1: futures are moving higher this morning, and straight ahead your
Speaker 1: latest local headlines plus the check of sports. And this
Speaker 1: is Bloomberg. I think Karen six Wall Street, seventy three
Speaker 1: degrees in Central Park, crash on the westbound L I
Speaker 1: E Service Road at Queen's Boulevard. More coming up in traffic.
Speaker 1: First Michael Barr with what else is going on in
Speaker 1: New York and around the world. Good morning, Michael, Good morning, Nathan.
Speaker 1: Kansas voters have sent a resounding message about their desire
Speaker 1: to protect abortion rights. I rejected the measure that would
Speaker 1: have allowed the Republican controlled legislature to tighten abortion restrictions
Speaker 1: or banned the procedure out right. The vote in the
Speaker 1: red state was the first test of voters feelings about
Speaker 1: abortion since the Supreme Court overturned Roe v. Wade. Rachel's
Speaker 1: Sweet with Planned Parenthood says, the voters of Kansas have
Speaker 1: spoken and are sending a clear message by reminding the
Speaker 1: government to respect their constitutional rights. We will not hand
Speaker 1: over our constitutional rights and our bodily autonomy to the government,
Speaker 1: and we will take care of one another, and we
Speaker 1: will look out for each other, because that's what Kansas
Speaker 1: is all about. Rachel's Sweet with Planned Parenthood. President Joe
Speaker 1: Biden to day will sign a second executive order intended
Speaker 1: to improve access to abortion services. The order will direct
Speaker 1: the Secretary of Health and Human Services to consider actions
Speaker 1: to help patients travel outside their states for abortions using
Speaker 1: funds from Medicaid, a move which conservatives will likely challenge
Speaker 1: in the courts. The Senate last night passed the Pact Act,
Speaker 1: aimed at helping veterans who have been exposed to toxic
Speaker 1: burn Earn Pitts. Senate Democratic Leader Chuck Schumer credited veterans
Speaker 1: and comedian John Stewart, who protested for days outside the Capitol,
Speaker 1: for helping to get the bill passed. They were there
Speaker 1: as a beacon to all of America. They said, you're
Speaker 1: not We're not gonna let you forget us. We're not
Speaker 1: gonna let you walk all over us, Senator Schumer. Since
Speaker 1: the bill passed and an eight six to eleven vote,
Speaker 1: high ranking New York Democratic congresswoman speculates on whether President
Speaker 1: Biden will run for office again. President Biden was a
Speaker 1: major topic in a debate leading up to the Democratic
Speaker 1: primary for New York's twelfth district. Representative Carolyn Maloney spoke
Speaker 1: on New York One, I don't believe he's running for
Speaker 1: re election. Redistricting maps pitting Maloney against another Democratic written representative,
Speaker 1: Jerry Nadler, too early to say, doesn't serve the purpose
Speaker 1: of the Democratic Party to deal with them until after
Speaker 1: the interms. Maloney and Nadler face off August three. The
Speaker 1: first cargo shiploaded with Ukrainian grain to leave the country
Speaker 1: since the Russian invasion began is anchored at an inspection
Speaker 1: area in the Black Sea off the coast of Istanbul
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quick Take, powered by more than seven hundred
Speaker 1: journalists and analyst more than a hundred twenty countries. Michael
Speaker 1: Barr and this is Bloomberg. Nathan, thank you. Michael. Come
Speaker 1: up to six thirty six on Wall Street and John
Speaker 1: Stashar has the Bloomberg Sports up there all right, Nathan
Speaker 1: Vince s. Gully, the legendary Dodgers announcer, has passed away.
Speaker 1: Imagine having the same job for sixty seven years. Imagine
Speaker 1: witness seen so much baseball history from Brooklyn winning the
Speaker 1: nineteen fifty five World Series of the ball going through
Speaker 1: Bill Buckler's legs at Chase Dating. Here was Scully on
Speaker 1: a night in Atlanta, nineteen seventy four, Bomas for the
Speaker 1: country in the world, a black man is getting a
Speaker 1: standing ovation in the Deep South for breaking a record
Speaker 1: of an all time big boot. That it is a
Speaker 1: great moment for all of it and particularly Skelly was
Speaker 1: ninety four. Jacob mcgraham on the Mountain to the Mets
Speaker 1: first time in more than a year in Washington. Pitch
Speaker 1: five innings, allowed just one run, three hits, struck out six,
Speaker 1: Nothing's changed. The Mets struggle to score for him just
Speaker 1: to Francisco lindoor home run. Stephen Noga sk for place
Speaker 1: to Graham, gave up back to back homers Washington end
Speaker 1: of the Mets seven game, winning Street five to one.
Speaker 1: On the day of the Nationals traded their twenty three
Speaker 1: year old star Juan Soto to San Diego. The Mets
Speaker 1: traded j D. Davis to the Giants per after older
Speaker 1: Darren Rock. The Yankees traded Jordan Montgomery to St. Louis
Speaker 1: for after elder Harrison Beata and New York Natives is
Speaker 1: currently out with a foot injury, and the Yanks also
Speaker 1: sent the unproductive Joey Gallo to the Dodgers that stadium.
Speaker 1: Yankees fell behind four nothing later six three, they tied
Speaker 1: the game, but a pinch hit home run by Seattle
Speaker 1: Sam Haggarty seventh inning, the Mariners won eight to six
Speaker 1: in defeat Yankee home runs by Jose Dravino, Anthony Rizzo,
Speaker 1: and Josh Donaldson. The NFL took away the Miami Dolphins
Speaker 1: first round draft pick next year that for tampering for
Speaker 1: trying to hire Sean Payton his coach, and acquired Tom
Speaker 1: Brady to be the court or back John Bloomberg Sports.
Speaker 1: All right, John, thank you, six thirty seven 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 Crety Goopta is with us and creaty. We've
Speaker 1: been talking about the disappointing sales outlook from a m
Speaker 1: D and the stock is getting punished this morning. The
Speaker 1: stock is absolutely getting punished. A m D is the
Speaker 1: name of the company as well as to take her
Speaker 1: down about five percent. Advanced micro Devices, of course is
Speaker 1: the second biggest maker a personal computer processors. Well, the
Speaker 1: game sales forecast that wasn't that great for the third quarter. Really,
Speaker 1: one of the things that even mind about A m
Speaker 1: D is that they're competing for market share against Intel,
Speaker 1: and right now it looks like they're not able to
Speaker 1: make as much progress as they really were planning on.
Speaker 1: As well, the revenue's period looking to be about six
Speaker 1: point seven billion, falling short of analyss estimates of six
Speaker 1: point eight billions. Okay, once again, it is that lack
Speaker 1: luster forecast that is weighing on the shares this morning. Meathan,
Speaker 1: and now you're keeping an eye on PayPal. Looks like
Speaker 1: Elliott Investment Management announces this ache in a company and
Speaker 1: it seems to pay off pretty well for the stock.
Speaker 1: You know, it's funny because Elliott also just did this
Speaker 1: with pinterest as right, so they are really getting around
Speaker 1: as you put in PayPal p y p L as
Speaker 1: your taker. Shares are up just shy of twelve percent
Speaker 1: this morning, so Paytoll came out and they said that
Speaker 1: Elliott Investment Management is now one of its largest shareholders.
Speaker 1: They're also time out recent cost cutting moves that're gonna
Speaker 1: result and get this savings of nine million dollars, and
Speaker 1: that's just this year. They're saying that those savings, well,
Speaker 1: they're going to increase to one point three billion next year.
Speaker 1: And once again they're saying that a lot of this
Speaker 1: has been incentivized by Elliott as well. So Elliott making
Speaker 1: a very clear impact right off the bat. Yeah, and uh,
Speaker 1: you see you're watching Airbnb as well, another sort of
Speaker 1: disappointing earnings or outlook story here. You know, it's interesting
Speaker 1: because I feel like everyone is trying to figure out
Speaker 1: how to travel and where to travel immediately, and yet
Speaker 1: their bookings numbers actually came in as a miss. So
Speaker 1: a b nb is your taker down about seven percent
Speaker 1: this morning. So once again, it really it comes down
Speaker 1: to the idea that well, those bookings estimates they missed
Speaker 1: what the analysts were expecting, especially in light of this
Speaker 1: demand story that you're seeing with a lot of the
Speaker 1: airlines as well. They actually said of the bookings in
Speaker 1: the second quarter, well a rose, but even that kind
Speaker 1: of rise wasn't enough because if you look at it
Speaker 1: from a year ago, that was a fifty percent increase,
Speaker 1: so you can really see how they're not able to
Speaker 1: keep up that momentum. And finally some surprising earnings I
Speaker 1: guess from Starbucks. Yeah, you know, it's funny. We're talking
Speaker 1: about the consumer willingness to spend, and I think a
Speaker 1: lot of people are saying, well, that cup of coffee
Speaker 1: is just way too expensive. But take a look at this.
Speaker 1: Starbucks reporting very strong US performance, offsetting some of the
Speaker 1: issues in China as well. The average ticket or cost
Speaker 1: per order rose six percent, but comparable tractions transactions excuse me,
Speaker 1: felt three percent, So basically they're charging higher prices for
Speaker 1: a lower volume of shares. Sp u X is your
Speaker 1: ticker up this morning, Eathan and going for the higher
Speaker 1: healed consumer. Thanks Creedy. Always good to have you with us.
Speaker 1: Create grouped Bloomberg Radio and TV Markets correspondent looking ahead
Speaker 1: to the market open. Futures are higher, SMP futures up
Speaker 1: fourteen points, staff features up a hundred sixteen, nastac features
Speaker 1: up thirty seven points, the tenure treasury down eight thirty seconds,
Speaker 1: the yield close to two point seven per cent. And
Speaker 1: you're listening to Bloomberg Day Break Bloomberg eleven three oh
Speaker 1: weather sunny in your ninety today will have a heat
Speaker 1: advisory for the rest of the week Tomorrow Friday, both
Speaker 1: days near nine five degrees right now seventy three in
Speaker 1: Central Park Markets. Headlines and breaking news twenty four hours
Speaker 1: a day at Bloomberg dot Com, the Bloomberg Business at
Speaker 1: and at Bloomberg Cricktape. This is a Bloomberg Business lash
Speaker 1: and I'm Karen Moscow. Futures on the rise this morning,
Speaker 1: we get at the first word breaking news dash for
Speaker 1: today's morning call. Here's Bill Maloney, Bill, good morning, Good morning, Karen.
Speaker 1: That's right. US futures are in the green right now
Speaker 1: at the futures up a hundred twelve points, sumes gained
Speaker 1: fourteen well, Nastic futures are up by thirty eight. The
Speaker 1: US ten year old at two point seven eight percent,
Speaker 1: Gold is little change, Oil is in the red, and
Speaker 1: bigcoin is training higher by one point seven percent. Japan
Speaker 1: rose half percent overnight, while your markets are posting modest
Speaker 1: games this morning. And back in the US on the
Speaker 1: economic front, at nine forty five services p m I
Speaker 1: and at ten o'clock factory orders and durable goods orders.
Speaker 1: After the LS night, robin Hood said it will cut
Speaker 1: twenty three percent of its workforce. PayPal bead Estimates is
Speaker 1: buying back fifteen billion and is up twelve percent pre market,
Speaker 1: A m D report is down five percent pre market,
Speaker 1: and Starbucks EPs speed estimates. Regarding earnings this morning, CVS
Speaker 1: boosted his forecast, and wrapping things up, Uber was raised
Speaker 1: to outperform over at Raymond James Live from the first
Speaker 1: Breaking News descom Bill Maloney, care all right, Bill, thank you,
Speaker 1: and to hear live breaking news over your Bloomberg tipe
Speaker 1: squalk on your terminal squ a w K. That's a
Speaker 1: Bloomberg business flash. Now here's Michael Barrow with more on
Speaker 1: what's going on around the World, Michael Karen, thank you
Speaker 1: very much. A major victory for abortion rights advocates, voters
Speaker 1: in Kansas overwhelmingly rejected an amendment that would have eliminated
Speaker 1: the constitutional right to an abortion and placed the issue
Speaker 1: in the hands of state lawmakers. President Joe Biden today
Speaker 1: will sign a second executive order intended to improve access
Speaker 1: to abortion services, more than five weeks after the U. S.
Speaker 1: Supreme Court allowed states to largely put them off limits.
Speaker 1: Hall of Fame broadcaster Vince Scully has died. Scully broadcast
Speaker 1: baseball games for the Dodgers for sixties seven years. Vin
Speaker 1: Scully was ninety four, asked four games. The Yankees lost
Speaker 1: to the Mariners, eight six, The Mats lost to the Nationals,
Speaker 1: five one, the Orioles and Red Sox one, the A's
Speaker 1: and Giants lost. Global News twenty four hours a day
Speaker 1: on air and on Bloomberg Quicktake, powered by more than
Speaker 1: twenty seven hundred journalist and analysts more than a hundred
Speaker 1: twenty trees. I'm Michael Barr, and this is Bloomberg caeron. Sorry, Michael,
Speaker 1: thank you. Sixty nine on Wall Street returned to news
Speaker 1: and science and Technology Now with the Bloomberg n j
Speaker 1: I T STEM Report. It's brought to you by New
Speaker 1: Jersey Institute of Technology, ranked to top fifty national public
Speaker 1: university by US News and World Report, and top ten
Speaker 1: in the nation for engineering by money dot Com. Learn
Speaker 1: more at n j I T dot E d U
Speaker 1: and here's its mega news and science, Technology, Engineering and math.
Speaker 1: A push in Washington to transform the US derivatives regulator
Speaker 1: into a top crypto washdog is gaining steam with a
Speaker 1: Senate bill that would give the Commodity Futures Trading Commission
Speaker 1: sweeping new powers to oversee the asset class. The CFTC,
Speaker 1: whose purview is now mostly limited to crypto derivatives, would
Speaker 1: get the ability to police trading and the largest digital
Speaker 1: assets under the plans, set to be introduced today by
Speaker 1: Democratic Debbie Stevan Now and Republican John Bozeman. After a
Speaker 1: tough first year as a public company, robin Hood Markets
Speaker 1: is cutting almost a fourth of its workforce, closing offices.
Speaker 1: The app based brokerage dismissed seven people on Tuesday. Robin
Speaker 1: Hood went public in July of last year. The business
Speaker 1: quickly slumped monthly active users. The client of the company's
Speaker 1: shares plunged, and water levels on Europe's Rhine River are
Speaker 1: getting closed to the point where it has to effectively close.
Speaker 1: That would put the transport of large quantities of goods
Speaker 1: at risk called shipments are already restricted by low water levels,
Speaker 1: and then a school more expensive, which raises the price
Speaker 1: of operating coal fired power plants. As the Bloomberg and J. A. T.
Speaker 1: Stem report. Nathan thanks Karen rely from the Bloomberg Interactive
Speaker 1: Broker studios where it's almost six fifty one on Wall
Speaker 1: Street time now to check what's going on in DC or.
Speaker 1: Some of the top stories include Speaker Pelosi vowing support
Speaker 1: for Taiwan despite Chinese threats, Voters in Kansas backing abortion
Speaker 1: rights on a busy primary night, the Senate passing the
Speaker 1: burn Pit Bill after pressure from John Stewart and President
Speaker 1: Biden to sign another executive order on abortion access, springing
Speaker 1: Bloomberg government reporter Emily Wilkins for more on all these stories. Emily,
Speaker 1: did Speaker Pelosi accomplish what she set out to do
Speaker 1: in Taiwan so in a big way? Yes? I mean
Speaker 1: the fact that Pelosi did go on this trip to Taiwan,
Speaker 1: that she did visit the island regardless of the threats
Speaker 1: made by Beijing, and we have seen Shanna go ahead
Speaker 1: and retaliate say that they are going to be doing
Speaker 1: some missile tests as well as military drills more intense
Speaker 1: than what we've seen in the past. UM. They are
Speaker 1: also looking into UH potential UM trading UH trading and
Speaker 1: instinctions that go along with Pelosi having made this trip.
Speaker 1: But Pelosi said that even though this trip is not
Speaker 1: about any sort of larger shift in the U S
Speaker 1: stance towards Taiwan, UH, she told said during a speech
Speaker 1: that the US will not abandon UH their commitment to
Speaker 1: our commitment to Taiwan. And she said that she is
Speaker 1: quote proud of our during friendship. UH. So the message
Speaker 1: she tried to bring with solidarity and and really that
Speaker 1: was just accomplished by Pelosi making this incredibly historic trip
Speaker 1: to the island, the first speaker to visit there in
Speaker 1: twenty five years. UH certainly means a lot. As the
Speaker 1: third highest ranking US official. How is the trip being
Speaker 1: received in Washington? Is it seen as worth it? Given
Speaker 1: all the tensions between the US and China, and now
Speaker 1: they seem like they're ratcheting up even further. So Shortly
Speaker 1: after pelosi Um plane touchdown, there was a statement released
Speaker 1: by a number of dozens of Republican senators praising Pelosi
Speaker 1: for going on this trip, saying that it was the
Speaker 1: right thing to do. UM there certainly have been some
Speaker 1: concerns about the timing of this trip, whether or not
Speaker 1: this is kind of the right time to go to Taiwan.
Speaker 1: I remember, China is about to um their governing body
Speaker 1: is about to convene. We're expecting current President Jijin paying
Speaker 1: to be elected for an unprecedented third term. And how
Speaker 1: they feel about this trip to Taiwan, it might lead
Speaker 1: China to look at its current policy and so of
Speaker 1: reevaluate what how it is going to continue its future
Speaker 1: with time on and so it'll be interesting to see
Speaker 1: how this plays out. But at this moment in time,
Speaker 1: I think most lawmakers, most folks in Washington do support
Speaker 1: Speaker Pelosi making this trip. Well, let's turn to domestic politics.
Speaker 1: Is it was quite a busy night in terms of
Speaker 1: primary races, and one of the big takeaways was this
Speaker 1: vote out of Kansas on an abortion rights amendment. Yes,
Speaker 1: this is huge. The Kansas constitution currently says there is
Speaker 1: a right to abortion. There was an effort to change that.
Speaker 1: That effort failed, so this could be considered a huge
Speaker 1: victory for those who support abortion rights. UM. Certainly is
Speaker 1: really sends a message. You know, Kansas was a state
Speaker 1: that that voted for Trump, that's backed a lot of
Speaker 1: Republicans in the past, and the fact that you did
Speaker 1: see this huge turnout really I think begins to answer
Speaker 1: a question that a lot of us are are looking at,
Speaker 1: which is are we going to see Democrats get a
Speaker 1: boost in November because of this issue on abortion and
Speaker 1: abortion rights? And I think Kansas is a very UM
Speaker 1: is a big sign that yes, this is something that
Speaker 1: voters are willing to turn out on, This is something
Speaker 1: they're paying attention to, This is something that will get
Speaker 1: them fired up. Remember, Nathan for for mid terms, So
Speaker 1: much of the question is can you fire up your
Speaker 1: base and get your base out to vote, because you know,
Speaker 1: most folks still vote in the in the big presidential election,
Speaker 1: they might not vote in the mid terms. UM. And
Speaker 1: so the signal from Kansas last night is that, yes,
Speaker 1: abortion rights is an issue that we'll get people to
Speaker 1: the ballot box in the mid term who may not
Speaker 1: have other gone gone otherwise. And in terms of the
Speaker 1: races themselves, Emily, it looks like it was a pretty
Speaker 1: good night for the most part for Republican candidates who
Speaker 1: are backed by former President Trump. Yeah. So we saw
Speaker 1: a couple of different ones. I mean, number one, we
Speaker 1: still have that question with the Missouri said it raced
Speaker 1: on exactly which Eric Trump out, but we did we
Speaker 1: did get and and Eric did win. UM and so
Speaker 1: we uh the former uh that he'll be running against
Speaker 1: in in one of the more interesting elections in the
Speaker 1: general H. We also saw up in Michigan John Gibbs
Speaker 1: beating Peter Meyer. He was one of the ten Republicans
Speaker 1: who did vote to impeach Trump last year. UM. And
Speaker 1: so yeah, we're continuing to see fairly good good nights
Speaker 1: for Trump indorsed candidates. UM. And it'll be interesting to
Speaker 1: see for some of them. I am thinking, particularly in
Speaker 1: that Michigan district with John Gibbs, can you wind up
Speaker 1: surviving in the general election? I mean, that is a
Speaker 1: Democratic leading district. UM. And even though it might not
Speaker 1: be a great year for Democrats necessarily, Uh, it's it's
Speaker 1: it's going to be interesting to see how that plays out.
Speaker 1: In our last minute here Emily, We got word from
Speaker 1: the White House this morning the President Biden's is doing
Speaker 1: another executive order on abortion access. What's that going to do? So,
Speaker 1: this is going to direct the Health and Human Services
Speaker 1: Agency to consider all actions to ensure healthcare providers comply
Speaker 1: with federal non discrimination laws UM and the idea is
Speaker 1: for the Departments for Health and Human Services to provide
Speaker 1: healthcare providers with technical and legal guidance to navigate the
Speaker 1: patchwork of state regulations that they're now facing, as well
Speaker 1: as trying and provide guidance to a woman who might
Speaker 1: be traveling across state lines to seek an abortion. Thanks
Speaker 1: as always, Bloomberg Government reporter Emily Wilkins with us from
Speaker 1: the nation's capital. Read more about all these stories on
Speaker 1: Bloomberg dot com or on the Bloomberg terminal, And a reminder,
Speaker 1: you can follow all the latest on Bloomberg Radio in
Speaker 1: Washington Bloomberg and one oh five point seven FM h
Speaker 1: D two. As we look ahead to the market open,
Speaker 1: we have futures moving a bit higher now, with SMP
Speaker 1: futures up thirteen points now, futures up a hundred eleven,
Speaker 1: NASTAC futures are higher by thirty six points. The tenure
Speaker 1: treasury is down eight thirty seconds. The yield two point
Speaker 1: seven seven percent. Yield on the two year right now
Speaker 1: three point zero nine percent. Nimex crude is down nine
Speaker 1: tenths per cent or eighty seven cents at ninety three
Speaker 1: dollars fifty five cents of barrel. As OPEC and its
Speaker 1: allies just get ready to meet on a production policy
Speaker 1: meeting that's getting underway shortly. Bloomberg Terminal customers can follow that.
Speaker 1: We have a top live blog going on the Bloomberg
Speaker 1: Terminal t l I v GO as OPEC plus gets
Speaker 1: ready to meet on September, production comes Gold down six
Speaker 1: tenths percent, seventeen seventy eight sixty an ounce. Bloomberg Surveillance
Speaker 1: is next. Tom Keen, Jonathan Farroll, and Lisa Abramowitz for
Speaker 1: Karen Moscow. I'm Nathan Hagar. This is Bloomberg