Speaker 1: Live from the Bloomberg Interactive Burger Studios is Bloomberg Day
Speaker 1: Right for Thursday, September eight two. Coming up this hour,
Speaker 1: market Space for a rate hike from the European Central
Speaker 1: Bank and fresh remarks from J. Powell. The US holds
Speaker 1: stocks with Asian nations in a move to counter China,
Speaker 1: plus concerns over lockdowns in China and growing tensions with
Speaker 1: Taiwan and Japanese officials meet to way what's next for
Speaker 1: the yen. New York lifts the state mass man date
Speaker 1: for public transit and yellow calms in the city appear
Speaker 1: on the Uber Ramp. I'm John Tucker, Those stories straight ahead.
Speaker 1: I'm John Stashour and sports the Mets and Yankees with
Speaker 1: doubleheaders swaves another late night at the US Open. They're
Speaker 1: down to the final four. That's all trendy ahead on
Speaker 1: Bloomberg Day Break on Bloomberg Eliving Free on New York,
Speaker 1: Bloomberg one, Washington, d C, Bloomberg one, THO six one, Boston,
Speaker 1: Bloomberg nine sixties and Francisco syrius x M one nine
Speaker 1: Team and around the world on Bloomberg Radio dot com
Speaker 1: and via the Bloomberg Business app. Good Morning, I'm Nathan
Speaker 1: Higer and I'm Karen Moscow, US dot in next. Futures
Speaker 1: are little change this morning. We are coming up to
Speaker 1: six o one on Wall Street. I mean checked the
Speaker 1: markets every fifteen minutes throughout the trading day. On Bloomberg again,
Speaker 1: futures are a little change. The decks in Germany is
Speaker 1: down about a tenth of uppercent ten year treasury up
Speaker 1: seven thirty seconds. You have three point to three percent
Speaker 1: and a yield on the two year three point four
Speaker 1: three percent. And I'm ex screwed. Oil is down half
Speaker 1: percent and eighty one dollar fifty three cents a barrel. Nathan, Karen.
Speaker 1: We begin overseas this morning. The European Central Bank is
Speaker 1: getting ready for its first monetary policy meeting since July,
Speaker 1: and economists expect the ECB to deliver a rate hike
Speaker 1: as high as seventy five basis points Bloomberg. Stephen Carroll
Speaker 1: joins us with more from London. Good morning, Stephen, Good
Speaker 1: morning Nathan and Karen. Yes, fifty or seventy five basis
Speaker 1: points not seen as the choice on the table for
Speaker 1: the ECB. Markets leaning towards a jumbo. If confirmed, it
Speaker 1: will be the first seventy five basis point increase for
Speaker 1: the bank since nine Back then, euro notes and coins
Speaker 1: weren't even in circulation. Policymakers want to get a grip
Speaker 1: on inflation that's running at a record nine point one percent.
Speaker 1: At to that rising fears of a recession A week
Speaker 1: you're out trading below parity with the dollar, adding to
Speaker 1: those woes as European countries pay more for imported oil
Speaker 1: and gas that's priced in dollars. I'm Stephen Carroll, Bloomberg Daybreak, right, Stephen,
Speaker 1: thank you. Back here in the US will be watching
Speaker 1: comments from Federal Reserve chair j. Powell is scheduled to
Speaker 1: take part in a moderated discussion hosted a bout the
Speaker 1: Cato Institute this morning. Stick with us for live coverage
Speaker 1: of his remarks starting around nine am Wall Street Time
Speaker 1: on Bloomberg Radio and television. Markets will be following those
Speaker 1: remarks closely here and After the release of the Fed's
Speaker 1: Beige Book yesterday, the Regional Survey indicated week prospects for
Speaker 1: economic expansion. Ryan Lamendez, advisor to the board of directors
Speaker 1: at the Currency Capital He says markets are pricing in
Speaker 1: interest rate hikes but may not be taking quantitative tiightening
Speaker 1: into account. Aggressive CUTI is actually doing what they say
Speaker 1: they were going to do, which is reduced their balance
Speaker 1: sheets by forty seven billion dollars a month or double that,
Speaker 1: and they have not done so. So Yes, risky assets
Speaker 1: are not pricing this because the Fed has showed that
Speaker 1: it is not doing it, and maybe we'll not do
Speaker 1: it more aggressive. Given the geopolitics, this might create not
Speaker 1: a hard landing but an actual crash. Ryan Lamand with
Speaker 1: SECURENCY capital, says investors should tread carefully as the FED
Speaker 1: reduces its balance sheet. Meantime, Nathan Goldman SAX is lifting
Speaker 1: its forecast for the pace of interest rate hikes. The
Speaker 1: bank now expects the Fed to hike by seventy five
Speaker 1: basis points this month and fifty basis points in November.
Speaker 1: The bank is also forecasting a twenty five basis point
Speaker 1: move in December. All right, let's turn to the market
Speaker 1: action now beginning in Asia. Stocks in the region rebounded
Speaker 1: from two year lows. Overnight bonds climbed after Australia's central
Speaker 1: banks signal the potential and two big interest rate hike
Speaker 1: Sploomberg's Juliette Sally joins US with the details from Singapore.
Speaker 1: Good morning, Juliette, Good morning Nathan and car. The regional
Speaker 1: index rose around one percent, led by games in Japan
Speaker 1: and Australia. All these stokes were bid along with bones
Speaker 1: after a b A. Governor Low indicated the case for
Speaker 1: slower monetary tightening is getting stronger as borrowing costs climbed.
Speaker 1: The AUSSI was the weakest G ten performer, and the
Speaker 1: off sho Uan remained under pressure despite the PBOC setting
Speaker 1: US stronger than expect could fix for a twelfth day
Speaker 1: in Singapore. Juliette Sally Bloomberg. Daybreak right, Julia, thank you
Speaker 1: all for keeping an eye on the yen this morning.
Speaker 1: It had biggest swings overnight weaker and then stronger, now
Speaker 1: weaker again. There are a poor set. Officials in Japan
Speaker 1: are meeting for the first times in June to discuss
Speaker 1: the situation. Checking the yen right now it's at one
Speaker 1: forty three point eight seven against the dollar. Staying overseas carent.
Speaker 1: We have a big move in geopolitics. The US is
Speaker 1: warning about Chinese threats to Taiwan. White House National Security
Speaker 1: Advisor Jake Sullivan says the US is working to alter
Speaker 1: policy toward the island in light of threats from Beijing.
Speaker 1: I think it remains a distinct threat that there could
Speaker 1: be a military contingency around Taiwan and UH. The People's
Speaker 1: Republic of China has actually stated his official policy that
Speaker 1: it is not taking the invasion of Taiwan off the table,
Speaker 1: that that remains one of the potential options for the
Speaker 1: reunification of Taiwan. National Security Advisor Jake Sullivan spoke on
Speaker 1: the David Rubinstein Show Peer to Peer Conversations. Catch the
Speaker 1: program later this month on Bloomberg Television. It's coming up
Speaker 1: September twenty one at nine pm Eastern meantime. Nathan the
Speaker 1: US is also taking aim at China on the economic front.
Speaker 1: The White House is hosting the first gathering of Asian
Speaker 1: nations over an economic agreement that aims to counter Beijing's
Speaker 1: rising influence in the region. It comes as Chinese President
Speaker 1: Sheijin Ping prepares to meet Russian President Vladimir Putin in
Speaker 1: person for the first time since Moscow invaded Ukraine. Bloomberg,
Speaker 1: Stephen Angle and Hong Kong states the agreement is unusually structured.
Speaker 1: It's a non traditional trade agreement that the United States
Speaker 1: and the Biden administration has come up with and has
Speaker 1: brought in a thirteen other countries in the Asia Pacific,
Speaker 1: and they're going to be meeting in Los Angeles in
Speaker 1: the inaugural meeting. It's gonna be a couple of days.
Speaker 1: It's not really a traditional ft A free trade agreement.
Speaker 1: It is not like TPP, it's not really aimed at
Speaker 1: cutting tariff and Bloomberry Stephen Angles says. Critics of the
Speaker 1: agreement argue it's too vague and want more details. All
Speaker 1: the while, in China, care in the city of cheng
Speaker 1: Do is extending a week long lockdown in most areas
Speaker 1: after an increase in COVID cases. Chengg Do is home
Speaker 1: to twenty one million people. It's the biggest city to
Speaker 1: shut since Shanghai's two months lockdown earlier this year. Authorities
Speaker 1: will continue mass testing and are pledging to eliminate community
Speaker 1: spread of the virus within a week. And finally, Nathan
Speaker 1: Let's talk, oil crudis some to an eight month low
Speaker 1: as investors assess global demand amid China lockdowns. At an
Speaker 1: economic slowdown, West Texas intermediate push back toward eighty three
Speaker 1: dollars a barrel after collapsing by almost six percent on Wednesday,
Speaker 1: the biggest laws since mid July. Checking prices right now
Speaker 1: not next screwed oils down half per cent or forty
Speaker 1: cents at eighty one dollars, fifty cents of barrel. Brent
Speaker 1: is down four ten percent at eighty seven dollars six since.
Speaker 1: Futures again, well, they're starting to show some declines here.
Speaker 1: S and P futures down around three points now, futures
Speaker 1: down nineteen, NASA futures down eleven. Straight ahead your latest
Speaker 1: level headlines plus the check of sports, and this is Bloomberg, right, Karen,
Speaker 1: thank you. Six o seven on Wall Street, sixty five
Speaker 1: degrees in Central park westbound l as jammed between the
Speaker 1: Grand Central park Ley and wood Haven Boulevard. Will tell
Speaker 1: you more in traffic shortly first, John Tucker's here with
Speaker 1: more on what else is going on in New York
Speaker 1: and around the world. John Nathan Governor Kafy Hoco has
Speaker 1: lifted the state's master requirement for public transit. It removes
Speaker 1: one of the last remaining government mandates of the pandemic.
Speaker 1: We're watching global trends, We're watching for variance We're watching
Speaker 1: for any updates and vaccines, but we do believe that
Speaker 1: we're in a good place right now, especially if New
Speaker 1: Yorkers take advantage of this booster focal making the announcement
Speaker 1: before receiving the Omacronspacis think booster mass will still be
Speaker 1: mandatory in healthcare settings and at adult care facilities. Uber
Speaker 1: will begin rolling out yellow taxi rides in New York.
Speaker 1: More in this report from bloombergs Jeff Bellinger, it's a
Speaker 1: long away to deffort to help these a driver shortage
Speaker 1: and pressure on fairs. The Big Apple's iconic yellow cabs
Speaker 1: have started to appear on the ride hailing platform for
Speaker 1: a randomized majority of active New York City riders, allowing
Speaker 1: them to book trips and taxis through the Uber app.
Speaker 1: Under an agreement, Uber customers can hail a taxi at
Speaker 1: the same price as an Uber X, and they'll see
Speaker 1: the fair upfront before requesting a trip. Driver's earnings will
Speaker 1: initially be based on the City Taxi and Limousine Commission
Speaker 1: mandated rates, which are close to thirty two dollars an hour.
Speaker 1: Jeff Bellinger, Bloomberg day Break. Abortion remains legal in Michigan.
Speaker 1: After a judge permanently blocked enforcement of a ninety one
Speaker 1: year old band that could have become law. It followed
Speaker 1: the U. S. Supreme Court's decision to overturn Roll versus Wade.
Speaker 1: The band, which was opposed to a separate law super
Speaker 1: Governagretchen Witmer, was on hold after a temporary ruling. President
Speaker 1: Biden will host a call with allies today about the
Speaker 1: next steps in support of Ukraine against Russian invasion and meantime,
Speaker 1: the Pentagon and send Ukraine it's most accurate artillery show
Speaker 1: the GPS guided Excalibur, a satellite guided weapon that can
Speaker 1: hit within seven ft of its target. The ex Caliber
Speaker 1: was first used in Iraq in two thousand and seven
Speaker 1: in the high profile killing of an Alcada leader. In
Speaker 1: California's power grid once again didn't break despite being stretched
Speaker 1: to the limit as the punishing heatwave there continues to
Speaker 1: test the state's ability to keep the lights on. Today
Speaker 1: promises to be another ten standoff. We at demand forecast
Speaker 1: near a record high in the California Independent System Operator
Speaker 1: already declaring an emergency. Watch Global News twenty four hours
Speaker 1: a day on irand on Bloomberg Quicktake. We're powered by
Speaker 1: more than seven hundred journalists and analysts in more than
Speaker 1: one countries on John Tucker and as bloom Nathan all Right, John,
Speaker 1: thanks coming up to six ten on Wall Street, John
Speaker 1: Staninshower's got the Bloomberg Sports Nathan Let's play two. Mets
Speaker 1: and Yankees both made up rainouts with doubleheaders, and both
Speaker 1: had swaves. Both had their aces on the mound for
Speaker 1: the night kept provided them with plenty of offense. That's
Speaker 1: not normally the case when Jacob de Grand pitches, but
Speaker 1: de Gram and the Mets beat the Pirates, tending up
Speaker 1: in after the Mets took the opener five to one
Speaker 1: at the Stadium, Garrett Cole on the mound of the
Speaker 1: second game, he struck out fourteen. Yanks beat the Twins
Speaker 1: seven to one. Isaiah Connord for Leffer with a grand slam.
Speaker 1: The opener included yet another home run behind you know
Speaker 1: who that you won swinging on hit in there in
Speaker 1: a deep Linton. That fall is high cut us far
Speaker 1: that up. God, It's amazing and I mean that absolutely.
Speaker 1: He's done it again. How does he do it? John
Speaker 1: Sterling w f A n SO now fifty five home
Speaker 1: runs for Aaron Judge the Yanks won five to four
Speaker 1: when they scored twice in the twelfth inning. Another incredibly
Speaker 1: late night slash early morning at the US Open. Forty
Speaker 1: eight hours after Carlos Alcarez one his fourth round matchup
Speaker 1: to three am, Alcarez was back finishing his quarterfinal victory
Speaker 1: over Yannick Center at two fifty am. The match went
Speaker 1: five hours fifteen minutes. Alcarez faced a match point in
Speaker 1: the fourth set. He's into the semis to play. Francis
Speaker 1: Tiafo's doing things no American man has done since Andy Roddick.
Speaker 1: Tiafo first for the US to be a Grand Slam
Speaker 1: semifinalists its two thousand nine, first to do it at
Speaker 1: the Open since oh six, and Tiafa is the first
Speaker 1: African American Men's Open semifinalists since Arthur Ash fifty years ago.
Speaker 1: They'll play the women's semifinals at Arthur Ash Stadium tonight.
Speaker 1: John stash Award Bloomberg Sports. Nathan thinks, John right now,
Speaker 1: S and P futures are moving, uh well, not really
Speaker 1: moving at all. They're little changed to the downside. Dal
Speaker 1: futures are up to Nastack futures are down two points
Speaker 1: so futures contracts pretty much. It will changed across the
Speaker 1: board ahead of an ECB decision. This is Bloomberg Bloomberg eleventh,
Speaker 1: three oh weather mostly sunny, high your eighty today will
Speaker 1: be in the low eighties in the sunshine. Tomorrow Saturday sunny,
Speaker 1: low eighties. Will call it partly sunny in low eighties
Speaker 1: on Sunday. Right now sixty five in Central Park Markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, the Bloomberg Business Outland. At Bloomberg Quick Tape,
Speaker 1: He's a Bloomberg Business flash and I'm Karen Moscow and
Speaker 1: European stocks and impairing early gains his investors brace for
Speaker 1: potential unprecedented monetary policy tening by the region's central Bank
Speaker 1: later today and new west Dock Index futures. They're little changed.
Speaker 1: We checked the markets every fifteen minutes throughout the trading
Speaker 1: day on Bloomberg again. Futures that will change this morning.
Speaker 1: The DECKS in Germany is down about three tenths of
Speaker 1: upper sent CAC in Paris is up three towns of
Speaker 1: percent of the foot see one hundred up two tenths
Speaker 1: of a percent. Ten year Treasury up six thirty seconds.
Speaker 1: You have three point to four percent. The yield on
Speaker 1: the two year three point for three percent. Nine X
Speaker 1: screwed oils down half percent or forty three cents at
Speaker 1: eighty one dollars fifty one cents, and barrel comics gold
Speaker 1: up two tens percent or three dollars ten cents is
Speaker 1: seventeen thirty ninety announced. The euro one point is zero
Speaker 1: zero zero two against the dollar British bound one point
Speaker 1: one four nine four and the yen one three point
Speaker 1: eight nine. And bitcoin this morning is down half percent
Speaker 1: in nineteen thousand, two hundred ninety dollars as a Bloomberg
Speaker 1: business flash. Now here's John Tucker with more on what's
Speaker 1: going on around the world. John you, good morning, Karen.
Speaker 1: Police at Memphis have arrested a nineteen year old and
Speaker 1: if four people were killed three others wounded in a
Speaker 1: random shooting spree that was live streamed on Facebook. President
Speaker 1: Biden holding back on a decision to scrap at a
Speaker 1: trump erad tariffs on China imports, the pentagoncent Ukraine. It's
Speaker 1: most accurate artillery shell. Sports Yankees beat the Twins in
Speaker 1: both games, so they're doublehead or the Men's also winners,
Speaker 1: beating the Pirates in both games of their doubleheader, as
Speaker 1: lose to the Braves, Giants lose to the Dodgers, the
Speaker 1: Red Sox lost to the Rays, the Orioles lost to
Speaker 1: the Blue Jays, the Nationals lost to the Cardinals, and
Speaker 1: the NFL season kicks off tonight. Global News twenty four
Speaker 1: hours a day on Bloomberg and on Bloomberg Quicktake power
Speaker 1: by more than twenty seven hundred journalists and analysts and
Speaker 1: more than one hundred twenty countries. I'm John Soccer. These
Speaker 1: is Bloomberg. Nathan. All right, John, Thanks, We've got some
Speaker 1: breaking headlines just crossing the Bloomberg terminal. We've just learned
Speaker 1: Secretary of State Anthony B. Lincoln is in Kiev on
Speaker 1: an unannounced visit. This comes just moments after the Secretary
Speaker 1: of State announced two billion dollars in new US military
Speaker 1: aid for Europe will continue following these breaking developments. Bring
Speaker 1: you more as we learn it right here on Bloomberg Radio.
Speaker 1: In the meantime, we are live from the Bloomberg Interactive
Speaker 1: Broker Studios, and you are listening to Bloomberg day Break
Speaker 1: as we count down to an ECB decision. We're joined
Speaker 1: by Bloomberg opinion columnist Marcus Ashworth as we await eight
Speaker 1: fifteen Wall Street time for the policy rate decision from
Speaker 1: the central bankers in Europe. Marcus, good morning. It feels
Speaker 1: like deja vaux. We're thinking about whether it's going to
Speaker 1: be fifty basis points or seventy five basis points. Isn't
Speaker 1: that what we did with the FED just one or
Speaker 1: two ago. Yeah, and we're thinking about the same thing
Speaker 1: the Bank of England as well. It seems to all
Speaker 1: the rage that's seventy five basis point to move the difference.
Speaker 1: It makes some sense in the concepts that you've got
Speaker 1: a very straw economy and you look, you know, the
Speaker 1: FEDS are a very clear mission and being reinforced by
Speaker 1: Jackson Hole. An address from from j. Powe which is
Speaker 1: I'm remittingly hawk ish. Um, so it's dragging the rest
Speaker 1: of the crowd along with it, and I think ec
Speaker 1: being very careful. Um that merely going on with seventy
Speaker 1: five basis point right height, which is now become the
Speaker 1: common accepted moved today. Only six out of twenty six
Speaker 1: or hour a minute is members of the government Council
Speaker 1: have sort of expressed the sort of hawkish view but
Speaker 1: for whatever reason, and we've learned to read these sort
Speaker 1: of smoke signals from the other press a little bit
Speaker 1: more seriously, as as clearly in July they were last
Speaker 1: minute decided on a fifty rather twenty five, and now
Speaker 1: it seems to be rather than a fifty, it's going
Speaker 1: to be a seventy five today. Well, you know, it
Speaker 1: would be careful. The economy is is very weak. You know,
Speaker 1: Russia's shut down the North String pipeline and to do
Speaker 1: open heart surgery on the on the European economy after
Speaker 1: such a terrible time through the pandemic, it's never really recovered.
Speaker 1: It is brave, very great. So is there a possibility
Speaker 1: then that we could see less than a seventy five
Speaker 1: basis point we have given, as you mentioned, the serious
Speaker 1: energy crisis that's facing the Eurozone and potentially the idea
Speaker 1: that the ECB might not necessarily have the tools to
Speaker 1: tackle that of inflation. Well, indeed, it's the this is
Speaker 1: exhaustists outside you know, energy inforsation was they've got no
Speaker 1: real control over um. Well, obviously they're worrying about second
Speaker 1: round of effects and that's why the core rates up
Speaker 1: at four point three is is probably what's driving there
Speaker 1: the scares attitude to this. It's very much driven by Germany,
Speaker 1: which really has a pathological hatred of inflation. Nonetheless, the
Speaker 1: rest of the of the euroserve, particularly countries like Italy,
Speaker 1: you know, really struggling here UM and they're funding is
Speaker 1: a question when it goes above four percent. The last
Speaker 1: time around this is when they ACB had an emergency meeting.
Speaker 1: We're not far away from that level now, so I'm
Speaker 1: not quite sure why the mood has changed suddenly they
Speaker 1: think they can do seventy five from for sure. The
Speaker 1: chief Economists Philip Lane has intimated that he would much
Speaker 1: prefer fifty UM, and I think Regard has sort of
Speaker 1: hinted along the same mind as well, that the risk
Speaker 1: here is if if seventy five is forced on them,
Speaker 1: then they are perhaps having lost control and it's never
Speaker 1: a good look for a central ranks, so a tricky one.
Speaker 1: I hope fifty prevails just for the sanity. Doesn't mean
Speaker 1: they can't be fifty again the next meeting. It's just
Speaker 1: I think shocking an economy which has had eight years
Speaker 1: of negative rates straight up with big semi five basis
Speaker 1: point heights out of zero where they currently are. It
Speaker 1: could be a little bit too much as particularly as
Speaker 1: there's other other factors in I want to get too
Speaker 1: excited about QT happening in Europe, but it's going to
Speaker 1: be on the agenda by the end of the year
Speaker 1: for sure. And they're also they're gonna have to take
Speaker 1: my whole bunch of very very credible generous bank lending
Speaker 1: that they've they've done throughout the whole pandemic as well.
Speaker 1: So if they do all these things at once, it
Speaker 1: may be too much. Final companacial conditions might tighten to
Speaker 1: a credit crunch standard. Yeah, I want to focus on
Speaker 1: our last minute here, Marcus on the balance sheet, the
Speaker 1: look the access liquidity in the commercial banks and the
Speaker 1: bond holdings in the ECB. Do you think we're going
Speaker 1: to get more clarity from President Leguard on the direction
Speaker 1: for the balance sheet and the ECB. Well, I think
Speaker 1: she's going to try and damp that straight down. So
Speaker 1: they have nine trillion balance sheet about five children, which
Speaker 1: is in quantitily easy. Different sets of it is UM,
Speaker 1: and I think there is talk possibly they may join
Speaker 1: UM all the Central banks by letting it passively, as in,
Speaker 1: when maturities come, let it roll off that way. But
Speaker 1: I don't think that's this year's business. Let's certainly I
Speaker 1: think Legard will want to try and push that question away.
Speaker 1: She can, she will, I think regards of that the
Speaker 1: TELTRA that targeted along term refound refinancing operations, they need
Speaker 1: to probably right in that some of that findest minus
Speaker 1: will present a little bit too generous if you've got
Speaker 1: base rates now. But okay, up sade zero point seven five.
Speaker 1: I'll be listening for those comments from President Leguard eight
Speaker 1: Wall Street time after the decision from the ECB that
Speaker 1: comes down at eight fifteen. Of course, we will have
Speaker 1: full coverage for you here on Bloomberg Radio. Bloomberg Opinion
Speaker 1: columnist Marcus Ashworth, thanks for joining us ahead of all that,
Speaker 1: really appreciate it. Looking ahead to the market open here
Speaker 1: on Wall Street, futures little changed, no change the SMP
Speaker 1: futures right now down futures and nasty futures both up
Speaker 1: two points. You're listening to Bloomberg Daybreak Bloomberg eleven three
Speaker 1: oh weather mostly sunny with a high. Your eighty today
Speaker 1: will be in the low eighties. Tomorrow, Saturday and Sunday.
Speaker 1: Nice weekend shaping up right now sixty in Central Park,
Speaker 1: Broadcasting live from the Bloomberg Interactive Broker Studio in New York.
Speaker 1: Bloomberg E Living fre to Washington, d C, Bloomberg On
Speaker 1: to Boston, Bloomberg one O six one to San Francisco,
Speaker 1: Bloomberg nine sixty to the country Sirius XM Chad A
Speaker 1: one nine team, and around the globe the Bloomberg Business
Speaker 1: apt and Bloomberg Radio dot Com. This is Bloomberg Daybreak
Speaker 1: six thirty on Wall Street. Good morning, I'm Nathan Hagar
Speaker 1: and I'm Karen Moscow. We're just about three hours away
Speaker 1: from the open of US aiding. Time for the fine
Speaker 1: things that you need to notice. Start your day. Brought
Speaker 1: to you by Interactive Brokers, Interactive Brokers, Simple, i VK
Speaker 1: are Global Trader app, deposit in your local currency and
Speaker 1: trade stocks in the US, Europe and Asia. Start your
Speaker 1: free trial and ibkr dot com slash Global Trader at First.
Speaker 1: The European Central Bank is expected to raise interest rates
Speaker 1: at its first monetary policy meeting since July. Bloombergs Maria
Speaker 1: today O says it's still unclear if they'll hike seventy
Speaker 1: five basis points or fifty. When you look at the
Speaker 1: seventy five basis points Camp, what they argue is there
Speaker 1: is a window now to hike, and you should do
Speaker 1: it quickly, decisively, and take swift action. This is now
Speaker 1: about the credibility of the institution. On the flip side,
Speaker 1: when you look at the fifty basis points at Camp here,
Speaker 1: what they argue is that you could find yourself in
Speaker 1: a situation where you're hiking aggressively at the same time
Speaker 1: your economy about to enter potentially a recession and facing
Speaker 1: an energy crisis. Bloombergs Maria Today Oh says a central
Speaker 1: bank will definitely raise rates today. Back here in the US,
Speaker 1: Karen Fed Chair j Powell takes part in a moderated
Speaker 1: discussion hosted by the Cato Institute this morning. We'll bring
Speaker 1: it to you live around nine am Wall Street time
Speaker 1: on Bloomberg Radio and television. Overseas, Nathan, the US is
Speaker 1: warning about Shinese threats to Taiwan. National Security Adviser Jake
Speaker 1: Sullivan says he and congressional leaders are working to alter
Speaker 1: policy toward the island. There are elements of that legislation
Speaker 1: with respect to how we can strengthen our security assistance
Speaker 1: for Taiwan that are quite effective and robust that will
Speaker 1: improve Taiwan security. There are other elements that give us
Speaker 1: some concern. National Security Advisor Jake Sullivan made the comments
Speaker 1: on the David Rubinstein Show Peer to Peer Conversations. Catch
Speaker 1: the program on Bloomberg Television September twenty one at nine
Speaker 1: pm Eastern Time. Karen the wine House is hosting its
Speaker 1: first gathering of Asian nations over an economic agreement aimed
Speaker 1: encountering Beijing's rising influence in the region. Bloomberg Stephen Angle
Speaker 1: in Hong Kong says the agreement is not traditional. It's
Speaker 1: a non traditional trade agreement that the United States and
Speaker 1: the Biden administration has come up and has brought in
Speaker 1: a thirteen other countries in the Asia Pacific and they're
Speaker 1: going to be meeting in Los Angeles in the inaugural meeting.
Speaker 1: It's gonna be a couple of days. It's not really
Speaker 1: a traditional ft A free trade agreement. It is not
Speaker 1: like TPP. It's not really aimed at cutting tariff. Bloomberg
Speaker 1: Stephen Engel says Critics think the practice too vague and
Speaker 1: want more details and the end had big swings overnight
Speaker 1: Nathan following reports that officials in Japan are meeting for
Speaker 1: the first time since June to discuss the situation. That's
Speaker 1: the five things that you need to know to start
Speaker 1: your day. Brought to you by Interactive Brokers. Thanks Karen Sixe.
Speaker 1: On Wall Street sixty five degrees in Central Park, got
Speaker 1: an accident on the white Stone Expressway southbound. Ran to
Speaker 1: the Van Wick More coming up in traffic first John
Speaker 1: Tucker with more on what's happening in New York and
Speaker 1: around the world. John and Nathan's Secretary of State, Anthony Blincoln,
Speaker 1: has made an unannounced visit to Ukraine today. The trip
Speaker 1: is b Lincoln's third since the start of Russia's invasion
Speaker 1: in February. Meantime, President Biden will hold a video call
Speaker 1: today with allies that talks will focus on the next
Speaker 1: steps to support Ukraine on the Pentagon has also sent
Speaker 1: to Ukraine it's most accurate artillery shell, the GPS Guided
Speaker 1: ex Caliber. According to budget documents, one of the last
Speaker 1: remaining government mandates of the pandemic has now been lifted.
Speaker 1: Let's goot more of this morning and this report from
Speaker 1: Bloomberg's Lisa Mateo, New York Governor Kathy Hukel has lifted
Speaker 1: the state's mask requirement for public transit. It comes after
Speaker 1: months of confusion among commuters by varying national, state, and
Speaker 1: local rules and where face coverings are required. The governor
Speaker 1: says COVID numbers are stable, putting the state in a
Speaker 1: good place now effective immediately, Masks will no longer be
Speaker 1: required for mass transit, correctional facilities, and shelters. Mass mandates
Speaker 1: remain in effect at nursing homes as well as other
Speaker 1: healthcare facilities regulated by the state. Mass compliance on New
Speaker 1: York City subways, buses, and commuter trains had waned over
Speaker 1: the past few months. Lisa Mateo, Bloomberg Daybreak. Another mass
Speaker 1: shoot in Memphis. Four people were killed three others injured
Speaker 1: in a shooting spree that held the city hostage for
Speaker 1: hours last night. Police say nineteen yearld Ezekiel Kelly drove
Speaker 1: around randomly shooting people while live streaming on Facebook. He
Speaker 1: was taken into custody. CORP record show Kelly had a
Speaker 1: previous first degree murder charge, but pleaded down to aggravated assault,
Speaker 1: serving just eleven months. Memphis Mayor Jim Strickland was outraged
Speaker 1: and blamed a lenient judicial system because I'm tired of
Speaker 1: our police officers arresting the same people over and over
Speaker 1: and over, and those people committing violent acts. The shooting
Speaker 1: comes the same week Memphis police found the body of
Speaker 1: a missing teacher at lines of Flincher. The second suspect
Speaker 1: wanted in the Stammic rampage in Canada has died. Miles
Speaker 1: Sanderson was taken into custody yesterday. Police say he went
Speaker 1: into medical distress shortly thereafter and died. Miles and his
Speaker 1: brother Damien, had been on the run in Saskatchewan since Sunday,
Speaker 1: accused of stabbing killed ten people at leapt ninety others injured.
Speaker 1: Damien was found dead in a field near the stabbing
Speaker 1: sites on Monday, Global News twenty four hours a day
Speaker 1: on air, Anna Bloomberg Quick Take. We're powered by more
Speaker 1: than hundred journalists and analysts and more than one d
Speaker 1: twenty countries. I'm John Tucker. This is Bloomberg, Nathan John.
Speaker 1: Thank you. Cone up to six thirty six on Wall
Speaker 1: Street got John Stash are here at Bloomberg Sports update.
Speaker 1: All right, AI, when the Yankees are slumping and banged up,
Speaker 1: bring on the Minnesota Twins, the team the Yanks always
Speaker 1: dominating the Yanks with a doubleheader sweep. Go for a
Speaker 1: four game series sweep tonight. That doing it with a
Speaker 1: lineup that had five guys who've spent most of the
Speaker 1: season in Scranton, and yet Yanks won a wild opener
Speaker 1: five to four. They scored twice in the twelfth inning
Speaker 1: as Waldo Carbrero the walk off, it ending in over
Speaker 1: twenty five slump earlier in Aaron Judge o'mbron his fifty
Speaker 1: five second Wilson Yankee history, moving past Mickey Mantel and
Speaker 1: Alex Rodriguez and now trailing only Roger and Marrith. The
Speaker 1: nightcap had a grand stand Ford Isaiah kinder Felpon Aaron
Speaker 1: Hicks struggled so mightily with a three run double in
Speaker 1: the Yanks one seven to one. Mets also had a
Speaker 1: double letter sweep in Pittsburgh, first five to one and
Speaker 1: then ten to nothing, so they're a half game ahead
Speaker 1: of Atlanta. Max Scherzer put on the injured list eight
Speaker 1: east Side. The Hope Busy misses only one start, no
Speaker 1: more than two so dawn of the final four at
Speaker 1: the US Open Women's semifinals tonight, no Americans left as
Speaker 1: Jess Cagoula lost last night to the top Seedgaciontech. There
Speaker 1: is an American semifinalist on the men's side, first time
Speaker 1: since Andy Roddick in two thousand and six. Francis Tiafa
Speaker 1: one again and tomorrow Tiafa will face Carlos Alcarez. He
Speaker 1: won his quarterfinal match with Yonic Center in five sets.
Speaker 1: The match went five hours fifteen minutes. It ended at
Speaker 1: two fifty am. Alcarez had won his previous match at
Speaker 1: two twenty three am. Rams and Bills kicked off the
Speaker 1: NFL season tonight in l A. Jets made official Joe
Speaker 1: Flacco will be the starting quarterback Sunday AA's Baltimore. Zack
Speaker 1: Wilson not ready to return from his knee injury, pack
Speaker 1: he might miss the first three games. Tom Stash Allard
Speaker 1: Bloomberg Court All right, John, thank you the six thirty
Speaker 1: seven on Wall Street. Time to take a look at
Speaker 1: stock some of the names moving in the pre market.
Speaker 1: If you're still bleary eyed from that early morning US
Speaker 1: Open match, you'll be glad to know Bloomberg Radio on
Speaker 1: TV markets correspondent Crety bright eyed, are gonna tell us
Speaker 1: what's happening under the hood in this little changed market
Speaker 1: before we get that ECB decision creating. Yeah, lucky for everyone.
Speaker 1: I did not say I have to watch the US
Speaker 1: Open match. I think I missed a big one. We
Speaker 1: gotta keep an eye on game stop speaking of big
Speaker 1: things to watch here. It is soaring up about nine
Speaker 1: the pre market. It's coming off a partnership with guests
Speaker 1: this Nathan a cryptocurrency exchange f t X on the
Speaker 1: same day, by the way, that they did announce their
Speaker 1: earnings as well as let's talk about the earnings picture first,
Speaker 1: the gaming company reporting net sales for the second quarter
Speaker 1: that did ultimately miss estimates. Analysts still skeptical, but it
Speaker 1: was that partnership with f t X, which of course
Speaker 1: we know has seen quite a bit of success in
Speaker 1: the crypto space, that's really boosting the shares here. Getting
Speaker 1: at some positive reviews on on it from the from
Speaker 1: the analysts base Off saying that while of Stoff has
Speaker 1: a passionate shareholder, base FTX could add to it. So
Speaker 1: that is some good news for GameStop despite the fact
Speaker 1: that you don't really have um a positive cattles for
Speaker 1: GameStop when it comes to the earnings front. I should
Speaker 1: also mention that this is when it comes to the
Speaker 1: ft X partnership. This is really in the efforts to
Speaker 1: boost the n f T s uh. This is something
Speaker 1: that you're seeing a lot of gaming companies really look
Speaker 1: to do, and with this partnership, FTX gives game Stop
Speaker 1: um quite the boost. Well, you know, if AMC Entertainment
Speaker 1: can invest in a gold mine, why not have a
Speaker 1: crypto partnership with games Stop? What else you look in
Speaker 1: at Cree, Well, it's look at American Eagle Outfitters. We
Speaker 1: know the retail story has continued across the sector, target, Walmart, Nords,
Speaker 1: from even Macy's. Well, American Eagle is no exception. They're
Speaker 1: down about fifteen percent in the pre market ward, down
Speaker 1: as much as sixteen percent earlier in the session. They
Speaker 1: reported results as well. Some of these earning stories still
Speaker 1: trickling in as you can tell, Nathan, but their reported
Speaker 1: results that city group and was described as quote rough.
Speaker 1: They also pausitive quarterly cash dividend. Nathan. That is probably
Speaker 1: the worst thing you can do beyond not giving guidance
Speaker 1: and essentially just pausing that dividend at a time when
Speaker 1: a lot of companies, especially American Eagle, has actually been
Speaker 1: using that dividend to attract investors. It's something that you've
Speaker 1: seen in the financial space. Is something you've seen, argument
Speaker 1: in tech space as well, argument even in the oil
Speaker 1: space actually boosting their dividend. Retailers not so much. So
Speaker 1: not so great news for American Eagle. A EO is
Speaker 1: your taker down about fifteen percent. I'm gonna end here.
Speaker 1: Nathan with Maderna Shares m r n A is your
Speaker 1: taker up one point seven percent in the pre market.
Speaker 1: It was higher about three percent earlier in the session,
Speaker 1: So some of those games getting paired. This comes after
Speaker 1: Deutsche Brank upgraded the stock to a buy from a
Speaker 1: hold after a solid second quarter earnings beat and welcome
Speaker 1: late July news of additional fall orders coming out of
Speaker 1: the United States. So some good news on the vaccination front. Yeah,
Speaker 1: the healthcare space certainly doing well in this environment. Thanks
Speaker 1: for this, Creaty, good as always to have you with us.
Speaker 1: Spoonboard Radio TV Markets correspondent Credy Goofta looking ahead to
Speaker 1: the market open stocks as a whole little changed, waiting
Speaker 1: for the ECB to come down with its decision. Got
Speaker 1: SMP futures right now up a point, foul future is
Speaker 1: up twenty two nastack futures up three points. Tend your
Speaker 1: treasury is up six thirty seconds the now three point
Speaker 1: to four, and you are listening to Bloomberg day Break
Speaker 1: Bloomberg eleven three oh weather turning mostly sunny with a
Speaker 1: hind your eight today. We'll get into the low eighties
Speaker 1: tomorrow with sunshine, sunny, low eighties for Saturday, calling it
Speaker 1: partly sunny, in low eighties for Sunday. Right now sixty
Speaker 1: five in Central Park Markets. Headlines and breaking news twenty
Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg
Speaker 1: Business at and at Bloomberg Quick Tape. He's a Bloomberg
Speaker 1: Business Flash and I'm Karen Moscow. Future is that will change?
Speaker 1: This morning? We got to the first word breaking news
Speaker 1: dance for today's morning call, and here's Bill Malone Navy
Speaker 1: A good morning and good morning Karen. Modest gains in
Speaker 1: the US futures right now down, futures up forty eight points,
Speaker 1: sup S Game five one NEZ that features her up
Speaker 1: by fifteen the US ten year at three point to
Speaker 1: four percent, gold is up, for oil is trading lower,
Speaker 1: and big coin is down by half a percent. Japan
Speaker 1: rose two point three percent overnight, while Europan markets are
Speaker 1: trading mixed this morning. And back in the US on
Speaker 1: the economic front and a thirty initial jobless claims. After
Speaker 1: the Bellas Night game Stuff announced a partnership with cryptocurrency
Speaker 1: exchange f t X, and in other news, Goldman Sachs
Speaker 1: raised its forecast for heights to semi five basis points
Speaker 1: this month and fifty basis points in November. Wrapping things up,
Speaker 1: Moderna was raised by a DEEUTSJAMCA and over a Goldman Sacks.
Speaker 1: Canadian solo was cut to sell for Solar raised to buy.
Speaker 1: Live from the First Breaking News Desk on Bill Maloney,
Speaker 1: Karen all right, Bill, thank you to hear live breaking
Speaker 1: news over her Bloomberg type squawk on your term and
Speaker 1: I'll ask you a w u K. That's a Bloomberg
Speaker 1: business flash. Now here's John Tucker with more on what's
Speaker 1: going on around the world. John and Karen. Secretary State
Speaker 1: Anthony B. Lincoln has made an un announced visit to Ukraine.
Speaker 1: In the show support the Pentagon meantime has quietly sent
Speaker 1: Ukraine it's most accurate artillery show, and Memphis police say
Speaker 1: four our den after a teenager shooting spree that was
Speaker 1: streamed live on Facebook Sports. Yankees beat the Twins in
Speaker 1: both games of a double header. Matt's also winners, beating
Speaker 1: the Pirates in both games of their double header. The
Speaker 1: A's lost to the Braves, Giants lost to the Dodgers,
Speaker 1: the Red Sox lost to the Rays, Orioles lose to
Speaker 1: the Blue Jays, and the Nationals lose to the Cardinals.
Speaker 1: And of course, the NFL season kicks off tonight with
Speaker 1: the Bills heading to Los Angeles to take on the
Speaker 1: Super Bowl champion. Rams Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quicktake power by more
Speaker 1: than twenty seven hundred journalists and analysts in more than
Speaker 1: one d twenty countries on John Tucker and This is Bloomberg,
Speaker 1: Karen Great, John, thank you. At six nine on Wall
Speaker 1: Street returned to news and science and Technology Now with
Speaker 1: the Bloomberg and j I. T. Stem Report, brought to
Speaker 1: you by New Jersey Institute of Technology Tech LIMB and J. I. T.
Speaker 1: S ninth President is committed to strengthening and growing n
Speaker 1: j I T S industry partnerships to improve student opportunities
Speaker 1: and outcomes. Learn more at n j I T DOT,
Speaker 1: E d U and Here's US Making News and Science, Technology, engineering,
Speaker 1: and math. Depression, anxiety, worries about the pandemic, and other
Speaker 1: sources of distress prior to getting COVID nineteen they increase
Speaker 1: the chance of developing persistent long haul symptoms, according to
Speaker 1: a recent Harvard University study. To study found those who
Speaker 1: experience two or more types of distress before their infection
Speaker 1: had almost a fifty percent greater risk of self reported
Speaker 1: impairment lasting four weeks or more. Providers of internet connected technology,
Speaker 1: from Apple, I phone software to baby monitors will have
Speaker 1: to meet new cyber security requirements in the EU or
Speaker 1: face fines and possibly have the product taken off the market,
Speaker 1: according to a draft proposal seen by Bloomberg, new rules
Speaker 1: called the Cyber Resilience Acts, said to become public next week,
Speaker 1: are aimed at improving the security of devices and In
Speaker 1: addition to the iPhone fourteen, Apple unveiled a new line
Speaker 1: of smart watches that includes Ultra aimed at hikers, long
Speaker 1: distance runners, and serious athletes. The device has a larger screen,
Speaker 1: bigger battery, and adds body temperature tracking, crash detection and
Speaker 1: the new lower power mode and mess of Bloomberg and
Speaker 1: j I t Stem report Nathan, Thank you, Karen. We
Speaker 1: are live from the Bloomberg Interactive Broker Studios where it
Speaker 1: is almost six fifty one on Wall Street Time Now
Speaker 1: to check what's going on in d C, where some
Speaker 1: of the top stories include some breaking news. As John mentioned,
Speaker 1: Secretary of State Anthony B. Lincoln has arrived in Kiev
Speaker 1: in an unannounced show of support for Ukraine. President Biden
Speaker 1: said to host a call this morning with allies on
Speaker 1: countering Russia, President delaying a decision on Trump era China tariffs,
Speaker 1: and Republicans on defense. As the dream of a congressional
Speaker 1: red wave appears to fade, Let's bring back Bloomberg Government
Speaker 1: Congression reporter Jack Fitzpatrick for more on some of these stories,
Speaker 1: including when we're learning now, Jack, Secretary of State Blinkin
Speaker 1: is in Kiev. What are we hearing? Yeah, he he
Speaker 1: is there. It is his third trip to Ukraine since
Speaker 1: the beginning of the war. Another example of the Biden
Speaker 1: administration trying to uh somewhat frequently, UH show I guess
Speaker 1: support for Ukraine. He didn't go uh with you know,
Speaker 1: a series of international negotiations or anything like that. There
Speaker 1: was some news right around the time he got there
Speaker 1: that the US is planning to provide another two billion
Speaker 1: dollars in UH in more military aid to Ukraine. Uh.
Speaker 1: It's not a change in US policy, but it's an
Speaker 1: example of the Biden administration trying to it seems, UH
Speaker 1: somewhat frequently reiterate support for Ukraine. And of course you
Speaker 1: see that the timing with President Biden holding a video
Speaker 1: call with a group of a Group of seven and
Speaker 1: other European leaders to discuss Ukraine as well. Yeah, it's
Speaker 1: very interesting to see this sort of ramp up of
Speaker 1: attention on Ukraine as the war is now heading into
Speaker 1: its seventh month and into a winter where Europe the
Speaker 1: allies of the US UH could be facing a pretty
Speaker 1: significant energy crunch really sparked by the war. Yeah, that
Speaker 1: is a key concern for the Biden administration. Uh. It's
Speaker 1: not something at least at this point, that has fundamentally
Speaker 1: changed the US is UH political outlook or or the
Speaker 1: US's stance on aid for Ukraine. Uh. You know, there's
Speaker 1: really a lot of bipartisan support for continuing to do
Speaker 1: whatever is possible uh to help Ukraine uh and not
Speaker 1: back down to Russia. But there's concern that in Europe,
Speaker 1: especially if we head into a cold winter, Uh, it's
Speaker 1: hard to predict exactly how high energy prices will go. Um.
Speaker 1: That is the kind of thing that can undermine the
Speaker 1: political willpower behind international support for Ukraine. So it's not
Speaker 1: something that has shaken the foundations of support for Ukraine
Speaker 1: at this point, but it's a major concern from the
Speaker 1: U S's perspective as they try to rally as many
Speaker 1: countries as possible around Ukraine as possible heading into the winter,
Speaker 1: because that's the one of the factors that could undermine
Speaker 1: political support and another geopolitical flash point. Jack, we're hearing
Speaker 1: President Biden. Uh, well, I guess we're continuing to hear
Speaker 1: that he's putting off a decision on what to do
Speaker 1: about tariffs on Chinese imports. Can give us the lightest
Speaker 1: on his thinking, Yeah, so it's it's not happening at
Speaker 1: this point. The decision is going to be bumped back.
Speaker 1: They haven't said exactly how long, but a couple of
Speaker 1: things on the calendar to keep in mind, Uh, that
Speaker 1: that could create some political unpredictability. One, there's the Chinese
Speaker 1: Leadership Congress in October. It may be wise to push
Speaker 1: this decision back beyond that, and of course the US
Speaker 1: mid terms in November. Any decision that would come across
Speaker 1: as Biden being weak towards shijin Ping would be a
Speaker 1: very tough one for Democrats to campaign on heading towards
Speaker 1: the mid term. So it may be the case that
Speaker 1: this is a politically dicey situation to the extent that
Speaker 1: the Biden administration wants to bump it back past that. Uh.
Speaker 1: They they have announced a review process that would allow
Speaker 1: businesses to seek some relief and and give input on
Speaker 1: which tariffs they think are costing jobs or competitiveness. But
Speaker 1: as far as the broader decision about a wholesale removal
Speaker 1: or scaling back of the Trump era tariffs, that appears
Speaker 1: to not be something that will happen very soon. Since
Speaker 1: you mentioned the mid terms, jack carry are exactly two
Speaker 1: months away from election day in November. How are things
Speaker 1: shaping up right now? It is looking closer now than
Speaker 1: it was a couple of months ago. Uh, there have
Speaker 1: been some high profile UH speed bumps for Republicans. It's
Speaker 1: still an issue where you know, Republicans have a pretty
Speaker 1: clear advantage in the House races. UH. In a mid
Speaker 1: term like this, you would expect the minority party to
Speaker 1: pick up seats. They they only need to pick up
Speaker 1: a limited number. Democrats have a five seat advantage at
Speaker 1: this point. The projections, you know, the latest from the
Speaker 1: Cook Political Report is Republicans could pick up ten to twenty.
Speaker 1: That would be less than you previously would have expected. UH.
Speaker 1: The Senate is UH, is is very tough to predict.
Speaker 1: There are some key Senate races where the polls lately
Speaker 1: have looked pretty good for Democrats. Democrats have a significant
Speaker 1: fundraising advantage in generally across the board and the major
Speaker 1: your competitive Senate races. UH. Mitch McConnell had acknowledged that
Speaker 1: candidate quality was an issue. You've seen people like moment
Speaker 1: Oz in Pennsylvania, Blake Masters in Arizona struggle to raise
Speaker 1: as much money as their opponents. UH. Some of the
Speaker 1: Trump backed primary winners on the Republican side have had
Speaker 1: I guess a slow start campaigning in the general election
Speaker 1: and not great polling news uh it is still something
Speaker 1: where you know, you would expect Republicans to likely win
Speaker 1: at least one of the two chambers, but it's the
Speaker 1: the expectations have come back down to earth on the
Speaker 1: Republican side. Thanks for this, Jack will continue following the
Speaker 1: run up to the mid terms. Of course, Bloomberg Government
Speaker 1: Congressional reporter Jack Fitzpatrick joining us from our Bloomberg studios
Speaker 1: in the nation's capital. You can read more about all
Speaker 1: these stories on Bloomberg dot com or on the Bloomberg terminal,
Speaker 1: and if you're in Washington, you can listen to Bloomberg
Speaker 1: Radio on Bloomberg and one oh five point seven FM
Speaker 1: HD two some red headlines crossing the Bloomberg Terminal. The
Speaker 1: UK's new Prime Minister, Liz Trust is unveiling her plan
Speaker 1: to help households and businesses deal with storing energy prices.
Speaker 1: UK is limiting the typical price of household energy to
Speaker 1: twenty undred pounds a year. Uh. Trust expects the plan
Speaker 1: to curb inflation by up to five percentage points in
Speaker 1: the UK, and she also says the UK and the
Speaker 1: Bank of England will help energy firms with liquidity needs.
Speaker 1: All this out of an ECB decision. The futures are
Speaker 1: starting to point higher just a bit. SMP futures up
Speaker 1: five points right now. Down Future is up forty two.
Speaker 1: NASTAC features up fourteen points. Bloomberg surveillance is straight ahead
Speaker 1: for Karen Moscow. I'm Nathan Hagar, and this is Bloomberg