WEBVTT - Bloomberg Daybreak: December 19, 2022 - Hour 2 (Radio) 0:00:01.840 --> 0:00:05.240 Markets, headlines and breaking news twenty four hours a day 0:00:05.320 --> 0:00:08.880 at Bloomberg dot Com, the Bloomberg Business and at Bloomberg 0:00:08.960 --> 0:00:17.920 Quick Tape. This is a Bloomberg Business lash. But I'm 0:00:17.960 --> 0:00:20.280 Karen Moscow and we continue to watch shares a Tesla 0:00:20.360 --> 0:00:22.480 this morning up more than four and a half percent 0:00:22.560 --> 0:00:25.400 following that poll on Elon Musk's future. Will have more 0:00:25.440 --> 0:00:28.240 details at creating Kupta in just a moment, but first 0:00:28.240 --> 0:00:30.520 futures are higher s and Key Future is up about 0:00:30.560 --> 0:00:32.800 ten points or two tenths of upper sent Dal Future 0:00:32.880 --> 0:00:35.400 is up fifty six or two tenths of upper cent, 0:00:35.440 --> 0:00:37.360 and as Deck futures have a third of upper cent 0:00:37.520 --> 0:00:40.400 or forty points. The decks in Germany's up four tenths 0:00:40.400 --> 0:00:42.880 of upper cent. Ten year treasury down nine thirty seconds. 0:00:42.920 --> 0:00:45.280 You'll three point five one per cent yield on the 0:00:45.320 --> 0:00:48.240 two year four point one seven percent now. Max Screwed 0:00:48.280 --> 0:00:50.319 oil is up four tenths percent or thirty three cents 0:00:50.360 --> 0:00:52.800 at seventy four dollars sixty two cents in barrel coll 0:00:52.880 --> 0:00:55.160 make school of a quarter percent or four dollar sixty 0:00:55.200 --> 0:00:57.720 cents and eighteen o four eighty and ounce the euro 0:00:57.880 --> 0:01:00.120 one point oh six oh seven against the dollar is 0:01:00.160 --> 0:01:02.880 bound one point one eight five and again at one 0:01:02.920 --> 0:01:05.800 thirty six point to five. And as a Bloomberg business flash, 0:01:05.920 --> 0:01:08.400 Nathan Okay, Karen, thank you to six fifties six on 0:01:08.480 --> 0:01:11.119 Wall Street Bloomberg surveillances. Next, first we take a look 0:01:11.160 --> 0:01:13.200 at the names moving in the pre market with Bloomberg 0:01:13.280 --> 0:01:15.800 Radio and TV Markets correspondent creating good dec creaty. We 0:01:15.880 --> 0:01:19.520 have to start with Tesla while we wait for official 0:01:19.640 --> 0:01:21.960 word from Elon Musk that he's gonna abide by the 0:01:22.319 --> 0:01:25.559 results of that Twitter poll and step aside and presumably 0:01:25.840 --> 0:01:29.080 focus more on his other companies. I mean that seems 0:01:29.120 --> 0:01:31.840 to be the mentality going into the share action this morning. 0:01:31.920 --> 0:01:34.399 T s L as your ticker about four point six 0:01:34.560 --> 0:01:36.880 per cent. This, of course, as you mentioned, comes from 0:01:36.880 --> 0:01:39.160 that poll which, by the way, fifty seven point five 0:01:40.440 --> 0:01:42.760 voted yes, we do want you to resign, So that 0:01:43.000 --> 0:01:45.760 is important when it comes to how he's going to 0:01:46.040 --> 0:01:48.800 act next. It's also important to mention that this dynamic 0:01:48.880 --> 0:01:51.480 that you've seen in Tesla shares is not a new one. 0:01:51.560 --> 0:01:54.200 We've seen this with the Twitter saga altogether. Every time 0:01:54.240 --> 0:01:57.720 Twitter shares rallied when it was public because of this 0:01:58.000 --> 0:02:00.600 deal getting closer and closer to getting closed, Tesla shares 0:02:00.640 --> 0:02:02.680 took a hit. So now the idea of that inverse 0:02:02.760 --> 0:02:05.160 correlation showing up again, the idea that if he is 0:02:05.200 --> 0:02:07.640 going to step down from Twitter, maybe Tesla will get 0:02:07.680 --> 0:02:09.959 more of his attention. That, of course, is his main business. 0:02:10.000 --> 0:02:12.200 So t s l A shares up about four point 0:02:12.240 --> 0:02:14.400 six percent. Remember this comes in the backdrop of the 0:02:14.480 --> 0:02:18.240 ev maker falling thirty three percent since the Twitter deal closed. 0:02:18.280 --> 0:02:20.440 It still has quite a bit of a gap to 0:02:20.639 --> 0:02:23.160 make up. Here. Shares training about a hundred and fifty 0:02:23.200 --> 0:02:25.720 seven dollars this morning. Nathan, You know, I thought by 0:02:25.800 --> 0:02:28.519 now this saga would end and it has not. Oh no, 0:02:28.880 --> 0:02:30.919 It's going to continue for quite some time. I have 0:02:31.120 --> 0:02:34.040 to imagine. And there's some other names, some pretty big 0:02:34.120 --> 0:02:37.160 names moving on, some new analysts recommendations as well. Yeah, 0:02:37.200 --> 0:02:39.239 Wall Street moving the stocks this morning. M r n 0:02:39.320 --> 0:02:41.480 as your ticket from Maderna shares up about four point 0:02:41.520 --> 0:02:43.520 six percent. Here as well, shares training around two oh 0:02:43.639 --> 0:02:47.239 two on the nearest stock exchange gains gains about like 0:02:47.320 --> 0:02:49.680 I said, four percent. Jeffreys upgrading the stock to buy 0:02:49.919 --> 0:02:53.200 from my hold, saying it can rebound in on a 0:02:53.280 --> 0:02:56.480 return of pipeline opportunities. Remember, Maderna was really under pressure 0:02:56.480 --> 0:02:59.560 because of this idea that a lot of these code vaccinations, 0:02:59.600 --> 0:03:01.320 which by the ways, making up a good chunk of 0:03:01.400 --> 0:03:03.600 its bottom line, not as much as Fiser, but still 0:03:03.639 --> 0:03:07.040 a good chunk, is actually going to lose a lot 0:03:07.120 --> 0:03:09.120 of his momentum and revenue that's gained over the last 0:03:09.160 --> 0:03:11.840 two years. But now Jeffrey saying, look, it's diversifying, it's 0:03:11.880 --> 0:03:15.200 looking into cancer treatments, looking into the drug therapies. That 0:03:15.440 --> 0:03:17.360 is all going to be a positive for the stock. 0:03:17.400 --> 0:03:19.320 And remember, Majerna isn't alone. You've seen this with a 0:03:19.400 --> 0:03:21.960 lot of biotech companies. J and J is a big 0:03:22.000 --> 0:03:24.160 one who rides therapeutics and am Gin that deal a 0:03:24.240 --> 0:03:26.560 couple of days ago. So this is becoming a bigger 0:03:26.560 --> 0:03:29.360 and bigger theme in biotech that they are actually looking 0:03:29.400 --> 0:03:33.040 to diversify their portfolio. Um and speaking of analyst recommendations, 0:03:33.080 --> 0:03:35.280 let's also look at Netflix here. N f l X 0:03:35.400 --> 0:03:37.360 is your taker up about three tenths of one percent 0:03:37.680 --> 0:03:41.320 in the pre market. Any price target raise. Over at 0:03:41.360 --> 0:03:44.160 Morgan Stanley, they're saying on the back of currency swings, 0:03:44.240 --> 0:03:46.280 it's an interesting take, saying that even though the broker 0:03:46.320 --> 0:03:49.760 has flagged risks that expectations of valuations have run it 0:03:49.840 --> 0:03:52.480 too far, too fast, those currency swings might actually work 0:03:52.520 --> 0:03:55.080 in Netflix's favor. Remember a lot of their new growth 0:03:55.240 --> 0:03:57.560 is coming from abroad, not from the US, So it's 0:03:57.600 --> 0:04:00.760 the dollar weekends. It's going to work in your favor. Yeah, 0:04:00.760 --> 0:04:03.280 it was something that we're called read Hastings talked a 0:04:03.320 --> 0:04:07.000 lot about in the last earnings call about potential currency 0:04:07.160 --> 0:04:10.440 headwinds for Netflix. So a very interesting call there. Thanks 0:04:10.480 --> 0:04:12.480 for this, Creaty. Good speaking with you. Bloomberg Radio and 0:04:12.520 --> 0:04:17.559 TV Markets correspondent Creaty gooped up. Futures moving higher this morning. 0:04:17.680 --> 0:04:21.200 This is Bloomberg Daybreak. I'm Nathan Hager along with Karen 0:04:21.279 --> 0:04:24.160 Moscow six fifty nine on Wall Street. Stay with us. 0:04:24.800 --> 0:04:32.000 Bloomberg Surveillance starts right now, Live from the financial capital 0:04:32.080 --> 0:04:35.160 of the world, broadcasting across the globe. This is g 0:04:35.320 --> 0:04:45.240 w B b R, New York, Bloomberg Living Trio. Given 0:04:45.279 --> 0:04:48.560 the fact that the economy is likely to contract next year, 0:04:48.720 --> 0:04:55.120 Central Bank, Markets, headlines and breaking news twenty four hours 0:04:55.160 --> 0:04:58.120 a day at Bloomberg dot Com, The Bloomberg Business at 0:04:58.240 --> 0:05:02.000 and at Bloomberg quick take, He's a blue Bird business lash, 0:05:07.839 --> 0:05:10.200 and I'm Karen Moscow. These updates brought to you by 0:05:10.320 --> 0:05:13.840 Interactive Burger's Vaughn Marketplace access their vast selection of over 0:05:13.960 --> 0:05:17.240 one million global fixed income securities, but no markups are 0:05:17.279 --> 0:05:21.040 built in spreads and low transparent commissions. Learn more at 0:05:21.120 --> 0:05:25.400 ibkr dot com. Slash, bonds and futures are higher this morning. 0:05:25.480 --> 0:05:27.280 We go to the first Word breaking news dance for 0:05:27.320 --> 0:05:30.960 today's morning call. Here's Bill Maloney, Bill, Good morning, Hey, 0:05:31.120 --> 0:05:33.640 Good morning, Karen. That's right. US futures with a bid 0:05:33.839 --> 0:05:36.239 right now, with down futures of seventy two points, SAPs 0:05:36.279 --> 0:05:40.040 game eleven and nastic futures rise by forty four. The 0:05:40.200 --> 0:05:43.360 US ten year at three point five to, Gold is 0:05:43.440 --> 0:05:46.040 up three, oil is in the green, and bitcoin is 0:05:46.120 --> 0:05:50.200 trading little changed. Japan fell one overnight, while up markets 0:05:50.240 --> 0:05:52.520 are also trading in the green this morning, and back 0:05:52.560 --> 0:05:55.040 in the US on the economic front, at ten o'clock, 0:05:55.160 --> 0:05:58.720 the NHB Housing Market index. In deal news L three, 0:05:58.760 --> 0:06:01.400 Harris is buying arrow at Rocket Dine in a four 0:06:01.480 --> 0:06:04.679 point seven billion dollar deal. And in other news, Morgan 0:06:04.720 --> 0:06:08.520 Stanley's Wilson says US profit drop could rival two thousand 0:06:08.600 --> 0:06:11.640 and eight, and a must poll shows fifty eight percent 0:06:11.680 --> 0:06:14.040 of voters want him to exit as the head of Twitter. 0:06:14.520 --> 0:06:17.560 Tesla is up four point six percent in the pre market. 0:06:17.880 --> 0:06:21.000 Wrapping things up, Amprise was cut to market reform at KBW, 0:06:21.279 --> 0:06:24.080 Baxter cut in neutually at JP Morgan and Moderner raised 0:06:24.120 --> 0:06:27.400 to buy over at Jefferies Live. From the first breaking 0:06:27.440 --> 0:06:30.000 news dostcom Bill Malodey care great, Bill, Thank you to 0:06:30.080 --> 0:06:32.760 here Lie breaking news of her Bloomberg type squawk on 0:06:32.839 --> 0:06:36.000 your terminal squ A w U K and S Bloomberg 0:06:36.240 --> 0:06:38.840 business Flash. Now, here's Michael Barrow with Moore on what's 0:06:38.880 --> 0:06:41.440 going on around the world. Michael Karen, thank you very much. 0:06:41.520 --> 0:06:44.760 The House Committee investigating the January sixth sult on the 0:06:44.880 --> 0:06:49.560 Capitol holds its final public hearing today January six. Committee 0:06:49.600 --> 0:06:53.440 member Adam Schiff says that he thinks there is sufficient 0:06:53.640 --> 0:06:57.120 evidence to charge former President Trump. Title forty two is 0:06:57.160 --> 0:07:00.760 set to expire on Wednesday. Will pass Out has declared 0:07:00.800 --> 0:07:03.360 a state of emergency due to an influx of migrants 0:07:03.760 --> 0:07:06.520 in the NFL. The Giants beat the Commanders, the Jets 0:07:06.560 --> 0:07:09.800 and Patriots lost in the NBA the next Nets one. 0:07:09.880 --> 0:07:13.600 The Celtics and Wizards lost, the Warriors one in the NHL, 0:07:13.720 --> 0:07:16.840 the Rangers one. Argentina beat France to win the World Cup. 0:07:17.160 --> 0:07:19.680 Global News twenty four hours a day on air and 0:07:19.880 --> 0:07:23.360 on Bloomberg Quicktake, powered by more than twenty seven hundred 0:07:23.400 --> 0:07:26.520 journalists and analysts more than twenty countries. Michael Bar this 0:07:26.600 --> 0:07:29.360 is Bloomberg Hearing alright, Michael Barr, thank you, and at 0:07:29.360 --> 0:07:31.680 six forty two on Walls Street. And let's turn to 0:07:31.720 --> 0:07:35.000 news now in science and technology with the Bloomberg and 0:07:35.160 --> 0:07:38.440 j I t Stem Report. And here's what's making news 0:07:38.520 --> 0:07:42.640 in science, Technology, engineering and math. India and Vietnam are 0:07:42.720 --> 0:07:46.600 emerging as Apple's next manufacturing hubs as assemble partners seat 0:07:46.640 --> 0:07:50.480 to diversify its supply chain that's heavily centered on China. 0:07:50.800 --> 0:07:53.600 The multiyear effort to add resiliency to the supply chain, 0:07:53.680 --> 0:07:56.720 which began before COVID nineteen, they move as much of 0:07:56.800 --> 0:07:59.520 the third of its capacity to those Asian nations as 0:07:59.560 --> 0:08:03.480 well as Brazil. The updated COVID NAT booster shots give 0:08:03.480 --> 0:08:06.280 adults ages sixty five and older the greatest level of 0:08:06.360 --> 0:08:10.600 protection against hospitalization. This is according to new US government data. 0:08:10.960 --> 0:08:15.320 The CDC says by valent boosters were effective at preventing 0:08:15.360 --> 0:08:18.720 hospitalizations due to COVID in this group compared with people 0:08:18.760 --> 0:08:20.720 of the same age who got two or more doses 0:08:20.800 --> 0:08:24.040 of the original formulation of the vaccine and L three. 0:08:24.080 --> 0:08:27.720 Harris Technologies has agreed to by rocket engine maker Aerojet 0:08:27.800 --> 0:08:31.240 Rocket Din in a multibillion dollar deal. Aero Jet makes 0:08:31.240 --> 0:08:34.319 a range of rockets, including hypersonic engines and electric power 0:08:34.440 --> 0:08:38.559 systems for customers including NASA, Boeing, Raytheon, and Lockheed Martin. 0:08:38.920 --> 0:08:41.360 And that's the Bloomberg n j I t STEM Report. 0:08:41.520 --> 0:08:44.320 Nathan Okay, Karen, thank you for coming up to sixty 0:08:44.400 --> 0:08:46.760 four on Wall Street Time Now to check what's going 0:08:46.800 --> 0:08:49.079 on in d C. Some of the top stories Internation's 0:08:49.160 --> 0:08:51.839 capital include the trump are Title forty two policy that 0:08:51.920 --> 0:08:55.719 turns away migrants of the border for pandemic reasons expires 0:08:55.920 --> 0:09:00.240 on Wednesday. Texas Governor Greg Abbott is predicting, quote, total 0:09:00.400 --> 0:09:03.600 chaos at the border if that happens, whether it's COVID 0:09:03.720 --> 0:09:06.160 or some other issue. When you have people coming across 0:09:06.240 --> 0:09:10.120 the globe without knowing at all what their health status is, 0:09:10.720 --> 0:09:14.120 that almost by definition is a public health rest. There's 0:09:14.200 --> 0:09:17.160 every reason to keep that in place. When Democratic Senator 0:09:17.200 --> 0:09:20.880 Alex Padilla of California says it's pastime for Title forty 0:09:20.920 --> 0:09:24.480 two to go away. For all the Republican rhetoric about 0:09:24.920 --> 0:09:28.440 chaos at the border, open bords, etcetera. Number one, they 0:09:28.480 --> 0:09:30.720 have yet to come forward with a plan of how 0:09:30.840 --> 0:09:34.439 to better handle the scenario. Number two, they have not 0:09:34.559 --> 0:09:38.480 been willing to commit the additional resources that the Department 0:09:38.600 --> 0:09:41.840 and agency say that they need. Senator Padilla and Governor Abbott, 0:09:41.840 --> 0:09:44.360 we're on a b C S this week. Also making news, 0:09:44.480 --> 0:09:48.120 West Virginia Senator Joe Manchin saying he has no intentions 0:09:48.200 --> 0:09:51.280 to leave the Democratic Party for now. As a BYPARS 0:09:51.320 --> 0:09:54.480 Infrastructure Bill and the Inflation Reduction Act, Let's see how 0:09:54.559 --> 0:09:56.680 that plays out. If people are trying to stop something 0:09:56.760 --> 0:09:59.920 from doing so much good because of the politics, thinking 0:10:00.080 --> 0:10:02.199 that somebody else will get credit for it, Let's see 0:10:02.240 --> 0:10:04.040 how that plays out. Now. I'll let you know later 0:10:04.400 --> 0:10:07.240 what I decided to do. Senator Mansion was a guest 0:10:07.320 --> 0:10:09.480 on CBSS Face the Nation, which him be heard every 0:10:09.520 --> 0:10:12.760 Sunday on Bloomberg Radio along with ABC's This Week, Let's 0:10:12.760 --> 0:10:15.079 Bring in Bloomberg Government reporter Emily Wilkins for more on 0:10:15.160 --> 0:10:17.319 what's happening in the nation's capital. Of course, one of 0:10:17.400 --> 0:10:21.400 the really big stories is happening this afternoon, Emily, when 0:10:21.440 --> 0:10:24.240 the House January six Committee meets. But with so much 0:10:24.280 --> 0:10:27.800 of the focus on the Sunday shows about the title 0:10:27.880 --> 0:10:31.160 forty two being lifted this coming Wednesday, how is the 0:10:31.200 --> 0:10:34.400 White House preparing? So the White House knew that obviously 0:10:34.440 --> 0:10:36.440 that this was coming for a while. This is something 0:10:36.559 --> 0:10:38.880 that they wanted to see happen. And we know that 0:10:39.000 --> 0:10:42.959 they are preparing for more migrants to be arriving at 0:10:43.000 --> 0:10:45.199 the southern border and to be able to deal with 0:10:45.400 --> 0:10:48.400 this official set earlier this year that they're preparing for 0:10:48.480 --> 0:10:52.040 as many as eighteen thousand arrivals per day, more than 0:10:52.200 --> 0:10:57.520 current double numbers. But they are expecting an intake increase 0:10:57.679 --> 0:11:00.360 rather in that and so one of the things, of course, 0:11:00.480 --> 0:11:02.599 there's also a lot of debate going on at the 0:11:02.679 --> 0:11:04.800 time over this policy, over what to be done at 0:11:04.840 --> 0:11:07.920 the border. Remember, Republicans in Congress state that they do 0:11:08.120 --> 0:11:12.960 want to investigate Homeland Secretary Alejandro Maracas and that they 0:11:13.000 --> 0:11:15.560 are concerned about what's happened at the Borders, who certainly 0:11:15.720 --> 0:11:18.880 expect to be hearing much more about him as Republicans 0:11:19.000 --> 0:11:22.680 take control of the Chamber and begin their investigations next year. 0:11:23.120 --> 0:11:26.480 Now also interesting to hear some of that speculation rise 0:11:26.600 --> 0:11:30.800 up around West Virginia Senator Joe Manchin and his future 0:11:30.840 --> 0:11:34.640 in the Democratic Party, now that Arizona's Kirsten Cinema has 0:11:34.800 --> 0:11:39.280 already announced that she's becoming an independent Sharon. That's obviously 0:11:39.440 --> 0:11:41.640 is not the first time that Mansion has been faced 0:11:41.640 --> 0:11:43.880 with questions on whether or not he'll leave his party. 0:11:44.080 --> 0:11:45.920 I feel like we had the storyline a couple of 0:11:45.960 --> 0:11:49.160 different times in the last two years. But Mansion is 0:11:49.160 --> 0:11:52.480 still saying that he's gonna stick with the Democrats for now. Uh. 0:11:52.920 --> 0:11:54.760 Part of it is going to be, of course, just 0:11:54.880 --> 0:11:57.760 a matter of numbers at Democrats US too. Then you're 0:11:57.800 --> 0:11:59.880 suddenly going to see a chamber where it's going to 0:12:00.040 --> 0:12:02.840 have very difficult to govern and to get things done. 0:12:02.920 --> 0:12:05.320 And and even Senator Sema has said that she's going 0:12:05.400 --> 0:12:08.040 to be, you know, supporting a lot of things that 0:12:08.120 --> 0:12:12.640 she supported before as far as Joe Biden's nominees judges. Uh, 0:12:12.800 --> 0:12:14.240 some of the things that just sort of helped the 0:12:14.280 --> 0:12:17.400 Senate run on a day to day basis, and that 0:12:17.520 --> 0:12:19.760 we didn't have last year in part because of the 0:12:19.840 --> 0:12:23.360 fifty fifty even split um. And we'll see what happens 0:12:23.400 --> 0:12:25.480 with Mansion. I mean, he does have a very competitive 0:12:25.559 --> 0:12:29.560 primary coming up in and certainly a lot of people 0:12:29.600 --> 0:12:32.720 have pointed out that for Senator Cinema, her political future 0:12:32.880 --> 0:12:35.880 really behooved her switching to an independent. She was being 0:12:36.000 --> 0:12:39.720 challenges from other Democrats. Will see what happens with Mansion. 0:12:40.360 --> 0:12:43.199 Might be as this West Virginia primary shapes up a 0:12:43.280 --> 0:12:45.920 little bit, maybe he too will feel some pressure to 0:12:46.040 --> 0:12:49.520 run as an independent or even as a Republican. But 0:12:49.600 --> 0:12:52.439 I think for right now, there's a sense that Mansion 0:12:52.600 --> 0:12:55.199 does have a very high approval rating in West Virginia, 0:12:55.280 --> 0:12:58.120 regardless of this party, and that might mean that he's 0:12:58.120 --> 0:13:01.319 able to successfully run as a Democrat and that he 0:13:01.440 --> 0:13:04.440 doesn't really feel that need to switch parties. All right, 0:13:04.480 --> 0:13:06.200 our last minute here, Emily, let's get to the main 0:13:06.280 --> 0:13:08.959 event of the day. It sounds like every indication is 0:13:08.960 --> 0:13:10.959 there going to be criminal referrals coming out of the 0:13:11.080 --> 0:13:14.000 House January six Committee this afternoon. I mean, that's what 0:13:14.080 --> 0:13:15.880 the committee is going to vote on Nathan, and we've 0:13:15.920 --> 0:13:19.240 seen the committee being locked step this entire time. I mean, certainly, 0:13:19.320 --> 0:13:22.160 there there have been no surprises for the nine members 0:13:22.280 --> 0:13:25.720 of of this committee. Everything has been highly coordinated. UM. 0:13:25.800 --> 0:13:28.000 I think the general consensus is that they would not 0:13:28.160 --> 0:13:31.240 be bringing these referrals forward if they were not able 0:13:31.320 --> 0:13:33.520 to pass them. And certainly, I think then the big 0:13:33.640 --> 0:13:36.480 question becomes, what is the impact is that's going to 0:13:36.600 --> 0:13:40.600 have on Trump's bid for the White House. We've already 0:13:40.679 --> 0:13:43.640 seen a number of independents get frustrated with him. That's 0:13:43.640 --> 0:13:46.480 why Democrats had a far better night than expected this 0:13:46.679 --> 0:13:50.160 past election. UM. And this criminal referral really means that 0:13:50.360 --> 0:13:53.600 we're going to continue to see information on Trump, information 0:13:53.679 --> 0:13:56.880 on him from the Department of Justice. Uh. And it'll 0:13:57.200 --> 0:14:00.280 be very interesting to see what, if anything additionally is found. 0:14:00.360 --> 0:14:02.760 Of course, we are waiting for this report to come 0:14:02.800 --> 0:14:05.360 out this week from all of what the January six 0:14:05.440 --> 0:14:09.040 Committee has put together, just more details into the interviews 0:14:09.080 --> 0:14:11.800 they've done, the data that they've gathered, and we'll be 0:14:11.880 --> 0:14:14.920 seeing what bomb shows that report contains. We're expecting that 0:14:15.080 --> 0:14:18.360 I believe this Wednesday to drop all right, and we'll 0:14:18.360 --> 0:14:21.240 be watching for a Bloomberg government reporter Emily Wilkins with 0:14:21.360 --> 0:14:24.920 us from the nation's capital. Read more at Bloomberg dot 0:14:25.000 --> 0:14:27.920 com or on the Bloomberg terminal and listen to Bloomberg 0:14:28.000 --> 0:14:31.880 Radio in Washington Bloomberg and one oh five point seven 0:14:32.000 --> 0:14:36.120 FM HD two. Of course, we'll have full coverage extended 0:14:36.200 --> 0:14:39.480 coverage of the House January six Committee hearing this afternoon, 0:14:39.920 --> 0:14:43.480 updates throughout the day here on Bloomberg Radio. Right now 0:14:43.720 --> 0:14:47.480 SMP futures moving higher by eight points, and you're listening 0:14:47.520 --> 0:14:54.920 to Bloomberg Daybreak, Markets, headlines and breaking news twenty four 0:14:55.000 --> 0:14:58.000 hours a day at Bloomberg dot Com, bloo Bloomberg Business 0:14:58.080 --> 0:15:02.080 at End at Bloomberg Quicktake. He's a Bloomberg Business Flash 0:15:08.160 --> 0:15:11.000 and I'm Karen Moscow. And global stocks are attempting to 0:15:11.040 --> 0:15:13.800 recover after two weeks and losses sparked by concern that 0:15:13.880 --> 0:15:16.600 continued policy tightening by the FED into their central banks 0:15:16.640 --> 0:15:20.080 could trigger economic recession and hit profits. We checked the 0:15:20.120 --> 0:15:22.640 markets all day long here on Bloomberg. S and P 0:15:22.840 --> 0:15:25.400 future is a fifteen points and down futures have ninety seven, 0:15:25.480 --> 0:15:28.520 as day futures have fifty two. The decks in Germany's 0:15:28.560 --> 0:15:30.640 have six tents of upper sent the ten year treasury 0:15:30.720 --> 0:15:33.280 down ten thirty seconds here three point five one percent, 0:15:33.640 --> 0:15:36.160 healed on the two year four point one seven percent. 0:15:36.520 --> 0:15:38.520 Nine max screwed oil of four tens per cent or 0:15:38.560 --> 0:15:40.880 twenty nine cents at seventy four dollars fifty eight cents 0:15:40.920 --> 0:15:43.160 of barrel Co makes gold up three tens per cent 0:15:43.240 --> 0:15:45.560 or five dollars seventy cents at eighteen oh five ninety 0:15:45.560 --> 0:15:48.880 announced And as a Bloomberg business flash, now here's Michael 0:15:48.920 --> 0:15:51.240 Barr with more on what's going on around the world. 0:15:51.360 --> 0:15:54.880 Michael Karen, thank you kindly. The House January six Committee 0:15:54.960 --> 0:15:58.280 is wrapping up its investigation into the violent US capital riot, 0:15:58.760 --> 0:16:01.920 and the final meetings eduled for today. The penalists poised 0:16:01.960 --> 0:16:05.920 to recommend that the Justice Department considered criminal charges against 0:16:06.000 --> 0:16:11.160 former President Donald Trump. Authorities in Ukraine's capital Kiev, saying 0:16:11.240 --> 0:16:15.200 it's being targeted in a new attack and critical infrastructure 0:16:15.280 --> 0:16:18.800 points have been hit. In the NFL, the Giants beat 0:16:18.840 --> 0:16:22.160 the Commanders, The Jets and Patriots lost in the NBA, 0:16:22.360 --> 0:16:24.920 the next Nets one, the Celtics and Wizards lost, the 0:16:24.960 --> 0:16:29.560 Warriors one. In the NHL, the Rangers winners and Argentina 0:16:29.720 --> 0:16:32.440 beat France to win the World Cup. Global News twenty 0:16:32.480 --> 0:16:35.040 four hours a day on air and on Bloomberg Quick 0:16:35.080 --> 0:16:38.120 Take Power by more than twenty d journalists analysts more 0:16:38.120 --> 0:16:41.000 than a hundred twenty countries. Michael bar this is Bloomberg. 0:16:42.880 --> 0:16:48.720 This he is breaking you. Who's from Bloomberg, Nathan Haygar 0:16:48.760 --> 0:16:50.520 And we have been telling you all morning about this 0:16:50.640 --> 0:16:53.520 poll to decide whether Elon Musk remains in a leadership 0:16:53.720 --> 0:16:56.880 role at the company he just bought weeks ago. That 0:16:57.080 --> 0:16:59.880 poll has closed and we get the results live and 0:17:00.000 --> 0:17:03.680 now with Bloomberg Steve Rappaport. What's the results, Steve, Nathan. 0:17:03.760 --> 0:17:06.720 The tweeters have spoken and if Musk makes good on 0:17:06.840 --> 0:17:08.800 his pledge, he will respect the will of the people 0:17:08.920 --> 0:17:12.360 and stepped down as Twitter CEO. With more than seventeen 0:17:12.400 --> 0:17:15.440 million votes cast in a poll created by Musk, fifty 0:17:15.680 --> 0:17:19.120 seven percent said they want him out. Now checking over 0:17:19.240 --> 0:17:22.040 his feed, let's see if he has commented yet up 0:17:22.119 --> 0:17:24.320 so far, no word from Musk on the outcome of 0:17:24.400 --> 0:17:27.400 the contest. Since taking over Twitter about seven weeks ago, 0:17:27.520 --> 0:17:30.680 Musk made a series of bold and sometimes controversial moves. 0:17:31.119 --> 0:17:34.520 He fired thousands of workers, dissolved in Oversight Committee reinstated 0:17:34.600 --> 0:17:38.240 former President Trump's account and publicly feuded with Apple. His 0:17:38.359 --> 0:17:41.840 conduct made some advertiser's question whether associating with Twitter's new 0:17:41.880 --> 0:17:44.840 owner would be bad for business. Musk's Twitter antics also 0:17:44.880 --> 0:17:47.840 had investors in Tesla worried he's too distracted with his 0:17:47.960 --> 0:17:51.480 latest venture once again. The poll posted by Elon Musk 0:17:51.600 --> 0:17:55.159 results are in. Fifty seven percent of respondents say he 0:17:55.280 --> 0:17:59.040 should step down as CEO. Breaking news on Bloomberg Radio. 0:17:59.080 --> 0:18:01.879 I'm Steve Rappaport, Nathan Okay, Steve, thank you, and we 0:18:01.960 --> 0:18:06.160 bring back Bloomberg Quick Take correspondent Alex Webb for instant 0:18:06.240 --> 0:18:09.720 analysis and reaction to the results of this poll. I'm 0:18:09.760 --> 0:18:14.680 sure you're feverishly refreshing your screen of Elon Musk's Twitter 0:18:14.760 --> 0:18:17.440 feed to see if he gives us any comment, But 0:18:17.520 --> 0:18:19.679 the last couple of tweets we got from the now 0:18:19.800 --> 0:18:23.040 current CEO of Twitter, Alex. Of course, as the saying goes, 0:18:23.160 --> 0:18:25.080 be careful what you wish for, as you might get it, 0:18:25.480 --> 0:18:28.679 and those who want power are the ones who least 0:18:28.960 --> 0:18:32.280 deserve it. Your thoughts now that the people, as they say, 0:18:32.480 --> 0:18:36.560 have spoken, well, you know the thing that both brands 0:18:36.800 --> 0:18:41.080 and investors don't like is uncertainty, and unfortunately, for now, 0:18:41.200 --> 0:18:44.399 this seems you've created more uncertainty. Uh. Some of the 0:18:44.400 --> 0:18:47.320 tweets of Elon's tweets subsequent to posting the poll said 0:18:47.359 --> 0:18:49.960 that there is quote no one who wants the job 0:18:50.000 --> 0:18:52.920 who can actually keep Twitter alive. There is no successor, 0:18:53.080 --> 0:18:56.240 so um, you know, even if he was facing pressure 0:18:56.440 --> 0:19:00.560 from potensional investors, existing investors, not Tesla and Esta's to 0:19:01.080 --> 0:19:04.200 consider stepping down, it doesn't seem like there's an obvious 0:19:04.240 --> 0:19:06.960 succession plan in place. So we'll have to see how 0:19:07.040 --> 0:19:09.680 the day pans out, whether he will indeed step down 0:19:09.880 --> 0:19:13.680 immediately or at all, or as is perhaps most likely, 0:19:13.920 --> 0:19:16.199 in a few months or weeks, when someone has been 0:19:16.200 --> 0:19:18.200 found to come in in his stead. Now, we've also 0:19:18.280 --> 0:19:21.359 been watching Tesla shares on the news that Elon Musk 0:19:21.400 --> 0:19:24.000 could step aside. They've been hovering around the four point 0:19:24.080 --> 0:19:27.200 seven four percent range and popped as high as five 0:19:27.280 --> 0:19:29.080 percent at one point. It looks like they're kind of 0:19:29.160 --> 0:19:31.639 sticking to that range. In our last minute here, Alex, 0:19:31.720 --> 0:19:33.920 what does that tell you about Twitter in or I'm 0:19:33.920 --> 0:19:38.440 sorry Tesla investors sentiment on Elon Musk's next move I 0:19:38.520 --> 0:19:41.679 think they're clearly optimistic about the prospect. You've been spending 0:19:41.680 --> 0:19:43.600 more time at Tesla, which is not without its own 0:19:43.640 --> 0:19:47.719 problems at the moment with electric car delt slowing, problems 0:19:47.760 --> 0:19:51.280 with the manufacturing facility in Shanghai, the stactory they're trying 0:19:51.280 --> 0:19:54.080 to bring online in Austin. All these problems needs solvings. 0:19:54.119 --> 0:19:56.240 Of the distraction of everything that's going on on Twitter 0:19:56.320 --> 0:19:59.440 probably has not been helping um investor confidence and says 0:19:59.520 --> 0:20:01.840 that we've seen that bump this morning. Obviously the huge 0:20:01.840 --> 0:20:04.359 great surprises because you could see the poll happening in 0:20:04.440 --> 0:20:06.880 real time, and the likelihood of him adding three million 0:20:06.960 --> 0:20:08.880 votes in the last minute and a half seemed pretty slim. 0:20:09.560 --> 0:20:12.760 And the final results, with seventeen and a half million 0:20:12.920 --> 0:20:16.280 Twitter users voting on whether Elon mush had stepped down 0:20:16.359 --> 0:20:18.480 his head of Twitter, fifty seven and a half percent 0:20:18.560 --> 0:20:21.359 say yes, forty two and a half percent say no. 0:20:21.960 --> 0:20:24.880 Elon Musk, in that tweet announcing the poll twelve hours ago, 0:20:25.000 --> 0:20:27.760 said he would abide by the results, of course, will 0:20:27.800 --> 0:20:31.399 continue following to see whether he makes good on that pledge. 0:20:31.480 --> 0:20:34.640 Bloomberg Quick Take correspondent Alex Webb, thanks for sticking around 0:20:34.640 --> 0:20:38.480 a little bit extra. As we've watched that poll draw 0:20:38.680 --> 0:20:40.840 to a close, We're gonna have much more of this 0:20:41.000 --> 0:20:44.240 morning's top stories, local headlines, and a full check of 0:20:44.359 --> 0:20:49.200 markets as well. First, let's bring back Bloomberg Meteorologist Rob Carolyn. 0:20:50.400 --> 0:20:52.640 High pressure will slowly hit our way, keeping the weather 0:20:52.800 --> 0:20:56.040 quiet through Wednesday. Lots of sunshine today, it's breezing and 0:20:56.119 --> 0:20:59.840 chili with temperatures near forty degrees. Clear skies overnight those 0:21:00.240 --> 0:21:02.840 year thirty tomorrow more sunshine less than the way of 0:21:02.920 --> 0:21:06.160 wind Hiser close to forty Tomorrow afternoon we're cleared, partly 0:21:06.160 --> 0:21:09.800 cloudy in thirty Tomorrow night, partly to mostly sunny Wednesday, 0:21:09.880 --> 0:21:13.040 high forty. I'm Rob Carolvine with your three day forecast 0:21:13.080 --> 0:21:19.600 on Bloomberg eleventh, three oh broadcasting live from the Bloomberg 0:21:19.680 --> 0:21:24.120