1 00:00:02,920 --> 00:00:06,160 Speaker 1: Live from the Bloomberg Interactive Burgers Studios. This is Bloomberg 2 00:00:06,200 --> 00:00:09,520 Speaker 1: day Break for Tuesday. On his second two Coming up 3 00:00:09,520 --> 00:00:12,680 Speaker 1: this our tensions escalate between the U S and China 4 00:00:12,800 --> 00:00:16,319 Speaker 1: as Nancy Pelosi heads to Taiwan. Socks drop around the 5 00:00:16,320 --> 00:00:19,040 Speaker 1: world on the news team, coverage is straight ahead. A 6 00:00:19,160 --> 00:00:22,040 Speaker 1: top al Qaida leader is killed in a US drone strike, 7 00:00:22,280 --> 00:00:25,480 Speaker 1: and another blowout earnings support by Big Oil. This time 8 00:00:25,480 --> 00:00:28,479 Speaker 1: it's VP New York City, along with California to have 9 00:00:28,520 --> 00:00:31,360 Speaker 1: declared the state of emergency because of Monkey Fox cases 10 00:00:31,520 --> 00:00:34,600 Speaker 1: plus its primary day in five states. I'm Michael lare 11 00:00:34,720 --> 00:00:37,560 Speaker 1: More Ahead. I'm John stash Own Sports another errand judge 12 00:00:37,560 --> 00:00:40,280 Speaker 1: home running. The Yankees win seventh straight win for the Mets. 13 00:00:40,360 --> 00:00:45,640 Speaker 1: Jacob de Graham pitches tonight. That's all strade ahead on 14 00:00:45,760 --> 00:00:51,200 Speaker 1: Bloomberg day Break on Bloomberg eleven, Freeo, New York, Bloomberg one, Washington, 15 00:00:51,320 --> 00:00:54,640 Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine 16 00:00:54,720 --> 00:00:58,840 Speaker 1: sixties and Francisco Syrius XM one nineteen and around the 17 00:00:58,880 --> 00:01:02,200 Speaker 1: world on Bloomberg Radio dot Com and via the Bloombird 18 00:01:02,200 --> 00:01:09,920 Speaker 1: Business Actor. Good morning, I'm Nathan Hagard. And I'm Karen Moscow. 19 00:01:09,959 --> 00:01:12,759 Speaker 1: How in US DOT index futures are following this morning? 20 00:01:12,800 --> 00:01:14,520 Speaker 1: We are coming up to five A one on Wall Street, 21 00:01:14,560 --> 00:01:16,640 Speaker 1: and we check the markets every fifteen minutes throughout the 22 00:01:16,640 --> 00:01:20,640 Speaker 1: trading day. On Bloomberg SMP futures down twenty seven points, down, 23 00:01:20,640 --> 00:01:23,520 Speaker 1: futures down one fifty five, and NASDAK futures down one 24 00:01:23,560 --> 00:01:26,560 Speaker 1: hundred five. The decks in Germany's down seven tenths of 25 00:01:26,800 --> 00:01:29,200 Speaker 1: per cent, the ten year treasury up six thirty seconds, 26 00:01:29,440 --> 00:01:32,040 Speaker 1: yield two point five four percent, and a yield on 27 00:01:32,120 --> 00:01:35,120 Speaker 1: the two year two point eight five percent. Nathan Karen 28 00:01:35,120 --> 00:01:37,000 Speaker 1: will have more on markets in a minute, but first 29 00:01:37,080 --> 00:01:40,240 Speaker 1: a major announcement from the White House. President Biden says 30 00:01:40,280 --> 00:01:43,040 Speaker 1: a U. S. Drone strike in Afghanistan has killed one 31 00:01:43,040 --> 00:01:45,160 Speaker 1: of the planners of the nine eleven attacks. I'm in 32 00:01:45,240 --> 00:01:49,080 Speaker 1: Alswari was the leader of al Qaeda. No matter how 33 00:01:49,120 --> 00:01:53,080 Speaker 1: long it takes, no matter where you hide, if you 34 00:01:53,160 --> 00:01:55,880 Speaker 1: are a threat to our people, the United States will 35 00:01:55,920 --> 00:02:00,000 Speaker 1: find you and take you out. Senior Administration official tells 36 00:01:59,880 --> 00:02:02,240 Speaker 1: the drone strike had been planned for weeks and there 37 00:02:02,240 --> 00:02:06,000 Speaker 1: were no civilian casualties. Well, Nathan, the strike comes about 38 00:02:06,000 --> 00:02:08,440 Speaker 1: a year after the fall of Kabbal to the Taliban 39 00:02:08,480 --> 00:02:12,760 Speaker 1: and the US military's hasty withdrawal from Afghanistan. Lester Munson, 40 00:02:12,880 --> 00:02:16,160 Speaker 1: principle at the government relations firm b GR Group, says, 41 00:02:16,480 --> 00:02:19,359 Speaker 1: it's important to look at the attack from that context. 42 00:02:19,800 --> 00:02:23,040 Speaker 1: What else is happening in Afghanistan? What are the other 43 00:02:23,080 --> 00:02:26,400 Speaker 1: consequences of our withdrawal. This is one event, It maybe 44 00:02:26,400 --> 00:02:28,280 Speaker 1: a very significant one, but we do need to kind 45 00:02:28,320 --> 00:02:30,200 Speaker 1: of put it in the constellation of all of the 46 00:02:30,200 --> 00:02:33,280 Speaker 1: other information that we have. Lester Munson with b GR 47 00:02:33,320 --> 00:02:36,519 Speaker 1: Groups spoke with our Washington corresponded Joe Matthew on Bloomberg's 48 00:02:36,520 --> 00:02:39,200 Speaker 1: Sound on Catch the program weekdays at five pm Eastern 49 00:02:39,240 --> 00:02:41,960 Speaker 1: on Bloomberg Radio. Well, another major story we're following at 50 00:02:41,960 --> 00:02:44,880 Speaker 1: this our Karen is US house speaker Nancy Pelosi expected 51 00:02:44,880 --> 00:02:47,720 Speaker 1: in Taiwan later this morning to find Chinese threats of 52 00:02:47,720 --> 00:02:51,000 Speaker 1: military action. We get more from Bloomberg's Bruce Einhorn in 53 00:02:51,040 --> 00:02:54,360 Speaker 1: Hong Kong. She has a long history going back to 54 00:02:54,800 --> 00:02:56,480 Speaker 1: you know, the early days of her career as a 55 00:02:56,680 --> 00:03:00,239 Speaker 1: China Hawk. She has a long record supporting human rights 56 00:03:00,320 --> 00:03:03,000 Speaker 1: issues are related to China. She's met with the Doli Llama, 57 00:03:03,120 --> 00:03:07,000 Speaker 1: She's met with Joshua Wang, the pro democracy activists from 58 00:03:07,000 --> 00:03:11,400 Speaker 1: Hong Kong. She's met with ethnic wagers from Shinjong. So 59 00:03:11,480 --> 00:03:13,640 Speaker 1: this is just in keeping with the long history of 60 00:03:13,880 --> 00:03:17,359 Speaker 1: Nancy Pelosi's position when it comes to highlighting human rights 61 00:03:17,440 --> 00:03:20,760 Speaker 1: issues democracy issues related to China. Bloomberg's Bruce ein Horn 62 00:03:20,800 --> 00:03:23,400 Speaker 1: says Pelosi's trip would make her the highest ranking American 63 00:03:23,440 --> 00:03:26,960 Speaker 1: politician to visit Taiwan in twenty five years. Well, Nathan, 64 00:03:26,960 --> 00:03:30,359 Speaker 1: the escalating tension between the US and China is impacting markets. 65 00:03:30,360 --> 00:03:34,000 Speaker 1: This morning, US features are lower and Asian stocks fell overnight. 66 00:03:34,160 --> 00:03:37,280 Speaker 1: We get the recapt from Bloomberg's Juliet Sally and Singapore 67 00:03:37,360 --> 00:03:40,320 Speaker 1: Good Morning, Julia, Good morning Karen. China cs I three 68 00:03:40,760 --> 00:03:43,480 Speaker 1: extended it's July losses and is now down around nine 69 00:03:43,520 --> 00:03:46,920 Speaker 1: percent from its June peak, moving closer towards the correction 70 00:03:47,320 --> 00:03:49,520 Speaker 1: tai When the stocks also came under pressure. While the 71 00:03:49,560 --> 00:03:52,480 Speaker 1: Taiwan dollar fell to a May twenty low against the 72 00:03:52,480 --> 00:03:55,440 Speaker 1: green bag, investors flocked to save Haven's with the yen 73 00:03:55,640 --> 00:03:58,560 Speaker 1: rising against the dollar for a fifth session, its longest 74 00:03:58,560 --> 00:04:02,000 Speaker 1: winning streaks since April twenty twenty one, and Australian bonnes 75 00:04:02,080 --> 00:04:05,000 Speaker 1: rose while the Aussie dropped as the ABBA became slightly 76 00:04:05,080 --> 00:04:08,960 Speaker 1: less hawkish while still delivering another fifty basis point hike 77 00:04:09,320 --> 00:04:13,280 Speaker 1: in Singapore Juliet Sally Bloomberg Daybreak, juliett Thanks. In Europe 78 00:04:13,320 --> 00:04:16,240 Speaker 1: this morning, shares of VP are up more than three 79 00:04:16,279 --> 00:04:19,000 Speaker 1: and a half percent. The oil giants second quarter adjusted 80 00:04:19,040 --> 00:04:21,600 Speaker 1: net income was the highest since two thousand and eight. 81 00:04:21,839 --> 00:04:25,200 Speaker 1: We get more from Bloomberg Intelligence senior energy analyst Will Hairs. 82 00:04:25,680 --> 00:04:28,120 Speaker 1: This is a very big beat from BP and two 83 00:04:28,240 --> 00:04:30,800 Speaker 1: Q eight and a half billion in adjusted earnings. This 84 00:04:30,920 --> 00:04:34,200 Speaker 1: is roughly more than two billion than the street consensus 85 00:04:34,240 --> 00:04:38,479 Speaker 1: had estimated. A big driver here has been there the 86 00:04:38,640 --> 00:04:41,719 Speaker 1: oil trading division, which is not broken out by BP. 87 00:04:42,720 --> 00:04:47,240 Speaker 1: The company cited they had exceptional oil trading returns, capturing 88 00:04:47,320 --> 00:04:50,200 Speaker 1: value from some of that historic volatility we have seen 89 00:04:50,480 --> 00:04:53,800 Speaker 1: well Hare's with Bloomberg Intelligence says VP also increased its 90 00:04:53,839 --> 00:04:56,840 Speaker 1: dividend and accelerated share by backs. Well back here in 91 00:04:56,880 --> 00:05:00,480 Speaker 1: the US, Nathan, shares of Pinterest are surging more than 92 00:05:00,600 --> 00:05:04,760 Speaker 1: nine percent, as after Elliott Investment Management confirmed at Steak 93 00:05:04,839 --> 00:05:07,440 Speaker 1: as the company's top shareholder. Let me get the story 94 00:05:07,480 --> 00:05:10,960 Speaker 1: from Bloomberg's Charley Pillett. Elliott says it approves of the 95 00:05:10,960 --> 00:05:15,480 Speaker 1: company's leadership. Sales at pin Trust increase nine percent to 96 00:05:15,560 --> 00:05:18,640 Speaker 1: six hundred sixty five point nine million dollars in the 97 00:05:18,680 --> 00:05:21,920 Speaker 1: second quarter. Pinterests that had had four hundred thirty three 98 00:05:21,960 --> 00:05:24,920 Speaker 1: million monthly active users at the end of the period 99 00:05:24,920 --> 00:05:28,520 Speaker 1: on June, about the same as in the previous quarter, 100 00:05:28,839 --> 00:05:32,080 Speaker 1: but a five percent decline from a year earlier. In 101 00:05:32,200 --> 00:05:35,520 Speaker 1: New York, Charlie Pellett Bloomberg taybreak all right, Charlie, thank you, 102 00:05:35,520 --> 00:05:38,200 Speaker 1: and the earnings continue today. With more than forty companies 103 00:05:38,240 --> 00:05:41,680 Speaker 1: reporting Uber Technology reports. This afternoon, we get a preview 104 00:05:41,680 --> 00:05:45,360 Speaker 1: from Bloomberg's Tom Busby. Investors will focus on two things 105 00:05:45,440 --> 00:05:48,520 Speaker 1: from the second quarter results out today, signs of how 106 00:05:48,560 --> 00:05:51,320 Speaker 1: a shortage of drivers may have impacted its ride hailing 107 00:05:51,360 --> 00:05:54,679 Speaker 1: business and how much it's food delivery unit Uber Eats 108 00:05:54,720 --> 00:05:58,359 Speaker 1: may have suffered from rising food costs. Bloomberg and Census 109 00:05:58,360 --> 00:06:01,520 Speaker 1: calls for revenue of seven point nine billion dollars at 110 00:06:01,560 --> 00:06:04,440 Speaker 1: a loss of twenty five cents per share. Total losses 111 00:06:04,480 --> 00:06:08,520 Speaker 1: forecast to be around four hundred million dollars. Tom Busby 112 00:06:08,680 --> 00:06:11,760 Speaker 1: Bloomberg Daybreak. All right, Tom, thank you all. Another corporate 113 00:06:11,800 --> 00:06:14,320 Speaker 1: news this morning. The legal moves are heating up in 114 00:06:14,400 --> 00:06:17,440 Speaker 1: Twitter's case against Elon Musk. Can we get the latest 115 00:06:17,480 --> 00:06:20,280 Speaker 1: line from Bloomberg's reneed a Young, Good morning, Randa, Good 116 00:06:20,279 --> 00:06:24,200 Speaker 1: morning Karen. Twitter is probing the social circle of Elon Musk. 117 00:06:24,480 --> 00:06:27,640 Speaker 1: Lawyers are making far reaching legal requests about his forty 118 00:06:27,640 --> 00:06:30,719 Speaker 1: four billion dollar deal to take Twitter private. That's according 119 00:06:30,760 --> 00:06:34,520 Speaker 1: to legal documents obtained by The Washington Post. Now, Twitter's 120 00:06:34,600 --> 00:06:38,200 Speaker 1: legal team asked for information about Silicon Valley elite investors, 121 00:06:38,400 --> 00:06:41,760 Speaker 1: including David Sex and Mark Andreson, and since some of 122 00:06:41,760 --> 00:06:44,599 Speaker 1: the heavy hitters have not been named in the deal publicly, 123 00:06:44,960 --> 00:06:47,760 Speaker 1: it suggests just how far Twitter is willing to go 124 00:06:48,120 --> 00:06:51,040 Speaker 1: to force Elon Musk to honor the deal. That Twitter 125 00:06:51,120 --> 00:06:54,440 Speaker 1: is also probing Morgan Stanley, Bank of America and other 126 00:06:54,480 --> 00:06:58,360 Speaker 1: banks that committed to backing the acquisition. Live in New York, 127 00:06:58,400 --> 00:07:00,640 Speaker 1: I'm renned a Young Bloomberg day Brea. Thanks you need 128 00:07:00,680 --> 00:07:03,440 Speaker 1: to SMP futures now down twenty five point, Staff futures 129 00:07:03,440 --> 00:07:05,760 Speaker 1: down a hundred forty five. Nasdaq feutures are lower by 130 00:07:05,839 --> 00:07:08,719 Speaker 1: ninety nine points. The tenure. Treasury is up for thirty 131 00:07:08,760 --> 00:07:11,680 Speaker 1: seconds yield two point five percent yield on the two year, 132 00:07:12,000 --> 00:07:15,840 Speaker 1: two point eight five Straight ahead, your latest local headlines, 133 00:07:15,880 --> 00:07:23,400 Speaker 1: and a check of sports. This is Bloomberg at five 134 00:07:23,400 --> 00:07:25,480 Speaker 1: oh seven on Wall Street where it's seventy two degrees 135 00:07:25,520 --> 00:07:28,080 Speaker 1: in Central Park. We got an overturn tractor trailer in 136 00:07:28,160 --> 00:07:31,560 Speaker 1: northbound New Jersey Turnpike Exit seven. A details coming up 137 00:07:31,560 --> 00:07:34,440 Speaker 1: in traffic. First Michael Barr with what else is going 138 00:07:34,480 --> 00:07:36,640 Speaker 1: on in New York and around the world. Good morning, Michael, 139 00:07:36,680 --> 00:07:39,320 Speaker 1: Good morning Nathan. New York City as declared a state 140 00:07:39,360 --> 00:07:43,120 Speaker 1: of emergency as monkey pox cases continue to rise. A 141 00:07:43,200 --> 00:07:46,800 Speaker 1: reporter grass Mayor Adams if the city has quote dropped 142 00:07:46,880 --> 00:07:50,480 Speaker 1: the ball on its response, Adams says, it has done 143 00:07:50,560 --> 00:07:53,720 Speaker 1: the best it could with tools it had. We will 144 00:07:53,760 --> 00:07:57,520 Speaker 1: receive it less than we deserved. In vaccines, we advocated 145 00:07:57,640 --> 00:08:00,920 Speaker 1: we utilize our direct communication with the White House to 146 00:08:01,000 --> 00:08:04,560 Speaker 1: give more. About a quarter of all monkeypox cases in 147 00:08:04,640 --> 00:08:07,320 Speaker 1: the United States are in New York City. An estimated 148 00:08:07,360 --> 00:08:09,720 Speaker 1: one hundred fifty thousand New Yorkers are at risk of 149 00:08:09,800 --> 00:08:13,560 Speaker 1: monkeypox exposure. California has declared a state of emergency to 150 00:08:13,640 --> 00:08:16,560 Speaker 1: deal with the outbreak of monkeypox more in this live 151 00:08:16,560 --> 00:08:19,960 Speaker 1: report from Bloomberg's John Tucker John Michael. Governor Gavin Newsom 152 00:08:19,960 --> 00:08:23,320 Speaker 1: made the declaration to bolster the state's vaccine efforts. It 153 00:08:23,400 --> 00:08:26,160 Speaker 1: makes California the second state in three days to take 154 00:08:26,160 --> 00:08:28,960 Speaker 1: the step. Nearly eight hundred cases have been reported in 155 00:08:29,000 --> 00:08:31,960 Speaker 1: the state. He says California will continue to work with 156 00:08:31,960 --> 00:08:35,959 Speaker 1: the federal government to secure more vaccines, raise awareness about 157 00:08:36,000 --> 00:08:40,679 Speaker 1: reducing risk, and stand with the LGBT community fighting stigmatization. 158 00:08:41,040 --> 00:08:43,720 Speaker 1: This move does come after the similar declaration of New 159 00:08:43,800 --> 00:08:47,439 Speaker 1: York State Saturday and in San Francisco Thursday. John Tucker, 160 00:08:47,440 --> 00:08:50,360 Speaker 1: Bloomberg Day, John, Thank you, Sarah. It's primary day in 161 00:08:50,400 --> 00:08:54,400 Speaker 1: five states. In Arizona, voters are choosing between candidates who 162 00:08:54,440 --> 00:08:58,080 Speaker 1: say they wouldn't have certified the results of the campaign 163 00:08:58,440 --> 00:09:00,960 Speaker 1: and those who argue it is time to move on. 164 00:09:01,600 --> 00:09:06,280 Speaker 1: Other closely watched contests include races for Michigan's governor and 165 00:09:06,480 --> 00:09:09,679 Speaker 1: Missouri senator. Voters in Kansas will be the first to 166 00:09:09,760 --> 00:09:12,720 Speaker 1: design on abortion rights since the U. S. Supreme Court 167 00:09:12,800 --> 00:09:17,760 Speaker 1: revoked Roe v. Wade. Washington state also holds primaries. The 168 00:09:17,880 --> 00:09:21,400 Speaker 1: Ukrainian troops have made inroads into the Russian defenses and 169 00:09:21,559 --> 00:09:25,239 Speaker 1: used US supplied rocket launchers to strike bridges and military 170 00:09:25,240 --> 00:09:28,760 Speaker 1: infrastructure in the south. Moscow is diverting its forces from 171 00:09:28,760 --> 00:09:32,400 Speaker 1: the Donbas region to counter the new threat. Global News 172 00:09:32,480 --> 00:09:36,160 Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake, 173 00:09:36,440 --> 00:09:40,000 Speaker 1: powered by more than hundred journalists and analysts in more 174 00:09:40,040 --> 00:09:44,199 Speaker 1: than one twenty countries. Michael Barr and this is Bloomberg, Nathan. 175 00:09:44,240 --> 00:09:51,079 Speaker 1: Thank you, Michael. Five oh nine on Ball Street time 176 00:09:51,080 --> 00:09:53,560 Speaker 1: for the Bloomberg Sports Update. Good morning, John Stenshower. All right, 177 00:09:53,600 --> 00:09:55,720 Speaker 1: good morning, Nathan. Has been such a great baseball season 178 00:09:55,720 --> 00:09:58,080 Speaker 1: in New York through four months, and both teams began 179 00:09:58,200 --> 00:10:01,000 Speaker 1: August with victories the Yankees seven to two for the 180 00:10:01,080 --> 00:10:03,600 Speaker 1: Mets seven to three in Washington. They stretched their winning 181 00:10:03,640 --> 00:10:06,960 Speaker 1: streak to seven the night after nineteen hits thirteen more 182 00:10:07,120 --> 00:10:09,480 Speaker 1: four by Brandon Nemo home runs for Pete Alonzo and 183 00:10:09,480 --> 00:10:13,120 Speaker 1: Francisco Lindor to back Max Scherzer. Vina's old team improved 184 00:10:13,120 --> 00:10:15,720 Speaker 1: the seven and two. Mets fans have dreamt about the 185 00:10:15,880 --> 00:10:19,040 Speaker 1: one two punch of Scherzer and Jacob de Graham, and 186 00:10:19,080 --> 00:10:22,000 Speaker 1: the night after Scherzer, it's de Gram making his long 187 00:10:22,080 --> 00:10:26,400 Speaker 1: anticipated season debut. Definitely excited. Um, you know, like you said, 188 00:10:26,400 --> 00:10:28,720 Speaker 1: it's been a long time. Um, you know, this has 189 00:10:28,720 --> 00:10:32,120 Speaker 1: been a pretty slow process of coming back. So um 190 00:10:32,120 --> 00:10:34,520 Speaker 1: excited to be out there. Uh, nerves haven't really said 191 00:10:34,559 --> 00:10:36,959 Speaker 1: in yet, but you know, I'm sure Tuesday, I'll be 192 00:10:37,040 --> 00:10:41,800 Speaker 1: pretty nervous and uh have feeling's gonna feel like my debut. Meanwhile, 193 00:10:41,880 --> 00:10:44,360 Speaker 1: let the stadium familiar script for the Yankees. Four home 194 00:10:44,440 --> 00:10:47,440 Speaker 1: runs Anthony Rizzo three run homer before the Mariners recorded 195 00:10:47,440 --> 00:10:50,400 Speaker 1: their first out. His twenty six and one in inlet 196 00:10:50,480 --> 00:10:54,000 Speaker 1: Or Shure enough Aaron Judge is forty second. Jose Trevino 197 00:10:54,000 --> 00:10:55,920 Speaker 1: hadded two solo shots to Mingo her mom got his 198 00:10:55,960 --> 00:10:57,880 Speaker 1: first win, but he may be losing his spot on 199 00:10:57,920 --> 00:11:01,360 Speaker 1: the rotation because the Yankees, before today's tread their trade deadline, 200 00:11:01,360 --> 00:11:05,040 Speaker 1: acquired Frankie Montas from Oakland. They also got reliever Lou Trevino. 201 00:11:05,360 --> 00:11:08,520 Speaker 1: They acquired another reliever, Scott Efrost, from the Cooks. The 202 00:11:08,640 --> 00:11:11,120 Speaker 1: arbitrator hired to rule on de Shaun Watson game a 203 00:11:11,160 --> 00:11:14,360 Speaker 1: six game suspension for his sexual missconduct with missuses, but 204 00:11:14,720 --> 00:11:16,960 Speaker 1: under terms of the labor deal, the NFL, who wanted 205 00:11:16,960 --> 00:11:20,480 Speaker 1: a longer suspension can appeal basically to themselves and then 206 00:11:20,520 --> 00:11:23,080 Speaker 1: add more games and I could lead to a lawsuit 207 00:11:23,160 --> 00:11:26,000 Speaker 1: by the unions of the Watson story likely not over yet. 208 00:11:26,360 --> 00:11:30,040 Speaker 1: Johns nashwar Bloomberg Sports Nathan John thank you, SMP futures 209 00:11:30,040 --> 00:11:32,520 Speaker 1: again down twenty six point staff features down a hundred 210 00:11:32,520 --> 00:11:35,680 Speaker 1: forty two. Nastac features lower by a hundred points. The 211 00:11:35,720 --> 00:11:38,920 Speaker 1: tenure Treasury is up four thirty seconds yield two point 212 00:11:38,920 --> 00:11:40,920 Speaker 1: five five percent yield on the two year two point 213 00:11:40,960 --> 00:11:44,240 Speaker 1: eight five percent. Nimex crewed lower by a third percent, 214 00:11:44,320 --> 00:11:46,640 Speaker 1: or thirty one cents at ninety three dollar sixty cents 215 00:11:46,640 --> 00:11:49,040 Speaker 1: a barrel. Komex scold up at tenth percent, up to 216 00:11:49,320 --> 00:11:53,959 Speaker 1: forty at seventeen ounce. The Euro one point zero two 217 00:11:54,080 --> 00:11:56,480 Speaker 1: four one against the dollar the end one thirty point 218 00:11:56,600 --> 00:11:59,679 Speaker 1: nine eight Bitcoin down one point four percent twenty two 219 00:11:59,679 --> 00:12:02,880 Speaker 1: thousand and eight hundred dollars. And you're listening to Bloomberg 220 00:12:03,000 --> 00:12:08,959 Speaker 1: Day Break Bloomberg eleven three oh weather. Chance for a shower, 221 00:12:09,000 --> 00:12:11,719 Speaker 1: thundershower today with a high neeer ninety degrees sunny, your 222 00:12:11,840 --> 00:12:15,839 Speaker 1: ninety tomorrow sunny, hot, humid for Thursday with higher nine 223 00:12:16,160 --> 00:12:23,280 Speaker 1: five Right now seventy two in Central Park Markets, headlines 224 00:12:23,400 --> 00:12:26,359 Speaker 1: and breaking news twenty four hours a day at Bloomberg 225 00:12:26,400 --> 00:12:29,800 Speaker 1: dot Com, the Bloomberg Business at and at Bloomberg Quick Tape. 226 00:12:30,000 --> 00:12:39,119 Speaker 1: This is a Bloomberg Business Flash, and I'm Karen Moscow's 227 00:12:39,160 --> 00:12:42,360 Speaker 1: docks in US Dock Index futures are falling amid escalating 228 00:12:42,440 --> 00:12:45,520 Speaker 1: US China tension over Taiwan and deepening worries about a 229 00:12:45,559 --> 00:12:49,960 Speaker 1: global economic slowdown, driving investors into the safety of government bonds. 230 00:12:50,000 --> 00:12:52,720 Speaker 1: We check the markets every fifteen minutes throughout the trading day. 231 00:12:52,840 --> 00:12:55,520 Speaker 1: On Bloomberg s and P Future is down twenty four 232 00:12:55,600 --> 00:12:59,000 Speaker 1: points down, futures down a hundred thirty three nasdack futures 233 00:12:59,040 --> 00:13:02,000 Speaker 1: down ninety four The decks in Germany's down six tenths 234 00:13:02,040 --> 00:13:04,800 Speaker 1: of upper set, and your Treasury at five thirty seconds 235 00:13:04,880 --> 00:13:06,959 Speaker 1: held two point five five per cent. They yield on 236 00:13:07,000 --> 00:13:09,720 Speaker 1: the two year two point eight five per set. Night 237 00:13:09,840 --> 00:13:12,079 Speaker 1: mex Screwed oil is down about two tenths per center 238 00:13:12,160 --> 00:13:14,599 Speaker 1: eighteen cents at ninety three dollars seventy one cents of 239 00:13:14,679 --> 00:13:17,440 Speaker 1: Barrel Comics gold is up about two tenths of upper 240 00:13:17,520 --> 00:13:21,240 Speaker 1: center two dollars seventy cents at seventeen ninety announced, the 241 00:13:21,360 --> 00:13:23,680 Speaker 1: euro one point oh two four one against the dollar, 242 00:13:23,760 --> 00:13:26,120 Speaker 1: British found one point two two oh five and the 243 00:13:26,280 --> 00:13:29,040 Speaker 1: end one thirty point nine five and Bitcoin is down 244 00:13:29,120 --> 00:13:32,000 Speaker 1: when at a quarter percent at twenty two thousand, eight 245 00:13:32,080 --> 00:13:34,760 Speaker 1: hundred forty dollars. Today, we are watching for the jolts 246 00:13:34,920 --> 00:13:38,600 Speaker 1: jobs you report at a ten o'clock Wall Street time. Caterpillar, Starbucks, 247 00:13:38,640 --> 00:13:42,120 Speaker 1: and Uber among companies scheduled to report earnings today. That's 248 00:13:42,120 --> 00:13:44,960 Speaker 1: a Bloomberg business flash. Now here's Michael Barr with more 249 00:13:45,000 --> 00:13:47,560 Speaker 1: on what's going on around the world. Michael, good morning, 250 00:13:47,679 --> 00:13:50,560 Speaker 1: Good morning Karen. President Joe Biden has announced that al 251 00:13:50,679 --> 00:13:53,640 Speaker 1: kind of leader I'm in al zaur Heerie was killed 252 00:13:53,960 --> 00:13:57,600 Speaker 1: in a US drone strike in Cobble During an evening address. 253 00:13:57,800 --> 00:14:01,600 Speaker 1: Biden is hailing the operation as delivering justice, while expressing 254 00:14:01,679 --> 00:14:05,439 Speaker 1: hope that it brings one more measure of closure to 255 00:14:05,520 --> 00:14:08,240 Speaker 1: the families of the victims of the nine eleven attacks. 256 00:14:08,640 --> 00:14:11,920 Speaker 1: How Speaker Nancy Pelosi is expected to land in Taiwan 257 00:14:12,360 --> 00:14:16,319 Speaker 1: in defiance of Chinese threats. The trip today would make 258 00:14:16,360 --> 00:14:20,120 Speaker 1: Pelosi the highest ranking American politician to visit the island. 259 00:14:20,360 --> 00:14:23,960 Speaker 1: In twenty five years. In baseball, the Yankees beat the 260 00:14:24,120 --> 00:14:27,760 Speaker 1: Mariners seven to the Mets beat the Nationals seven three. 261 00:14:28,000 --> 00:14:30,920 Speaker 1: The Red Sox and Orioles were also winners. The Giants 262 00:14:31,040 --> 00:14:33,720 Speaker 1: lost to the Dodgers eight. To Global News twenty four 263 00:14:33,760 --> 00:14:36,520 Speaker 1: hours a day on air and on Bloomberg Quick Take, 264 00:14:36,560 --> 00:14:39,840 Speaker 1: powered by more than twenty seven under journalists and analysts 265 00:14:39,880 --> 00:14:43,240 Speaker 1: more than a twenty countries. Michael Barn this is Bloomberg. 266 00:14:43,320 --> 00:14:45,800 Speaker 1: Nathan right, Michael. Thanks, It's five nineteen on Wall Street 267 00:14:45,840 --> 00:14:49,120 Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg 268 00:14:49,200 --> 00:14:51,480 Speaker 1: Daybreak on a morning where geo politics has been more 269 00:14:51,520 --> 00:14:55,040 Speaker 1: in focus for markets than we've seen in quite some time. 270 00:14:55,160 --> 00:14:58,640 Speaker 1: Let's bring in Joe Matthew this morning, Bloomberg Washington correspondent, 271 00:14:58,720 --> 00:15:01,120 Speaker 1: host of Sound on Weekday is at five Eastern here 272 00:15:01,200 --> 00:15:04,840 Speaker 1: on Bloomberg Radio. Joe, good morning. Let's start off with 273 00:15:05,000 --> 00:15:07,400 Speaker 1: the breaking news that we got last night from President 274 00:15:07,480 --> 00:15:10,760 Speaker 1: Biden that i'm an Oswahi is now off the battlefield. 275 00:15:10,800 --> 00:15:13,480 Speaker 1: Do we have any more information about the strike that 276 00:15:13,560 --> 00:15:15,840 Speaker 1: took him out? Well, we know it was a drone strike. 277 00:15:16,280 --> 00:15:20,720 Speaker 1: A couple of missiles rockets were sent down. To the balcony. 278 00:15:20,800 --> 00:15:24,200 Speaker 1: Apparently where he was standing, he stepped outside, I guess 279 00:15:24,240 --> 00:15:25,920 Speaker 1: to get some fresh air, and those were the last 280 00:15:26,440 --> 00:15:28,520 Speaker 1: breaths he took. What we don't know is where the 281 00:15:28,640 --> 00:15:30,920 Speaker 1: intelligence came from. And this is something that we're very 282 00:15:31,000 --> 00:15:33,960 Speaker 1: curious about because of the debate following our withdrawal from 283 00:15:33,960 --> 00:15:38,440 Speaker 1: Afghanistan over what we call over the Horizon missions. This is, 284 00:15:38,560 --> 00:15:41,040 Speaker 1: you know, the idea of sending drones in without having 285 00:15:41,080 --> 00:15:44,040 Speaker 1: boots on the ground, without having troops there or intelligence 286 00:15:44,080 --> 00:15:47,520 Speaker 1: personnel there, that we can from our satellites and technology 287 00:15:48,040 --> 00:15:51,240 Speaker 1: uh be able to respond to threats against the United States. 288 00:15:51,400 --> 00:15:53,320 Speaker 1: There were a lot of doubts about that, a lot 289 00:15:53,360 --> 00:15:55,880 Speaker 1: of a lot of criticism of the administration upon the 290 00:15:55,960 --> 00:15:59,880 Speaker 1: time of our withdrawal, and it it was an opportunity 291 00:16:00,040 --> 00:16:02,280 Speaker 1: last night for the White House for Joe Biden to 292 00:16:02,360 --> 00:16:05,200 Speaker 1: show that it actually worked and pretty remarkable to see 293 00:16:05,280 --> 00:16:07,520 Speaker 1: him standing out on that balcony Nathan, because we have 294 00:16:07,640 --> 00:16:11,400 Speaker 1: to remember he still technically has COVID. Made for a 295 00:16:11,520 --> 00:16:13,920 Speaker 1: very pretty picture as he spoke to Americans last night, 296 00:16:13,960 --> 00:16:16,440 Speaker 1: but it also reminded us what he's dealing with personally. Yeah, 297 00:16:16,440 --> 00:16:18,480 Speaker 1: and it also reminded US, as you allude to of 298 00:16:18,560 --> 00:16:21,600 Speaker 1: the hasty withdrawal from Afghanistan, and as you mentioned that, 299 00:16:21,720 --> 00:16:25,080 Speaker 1: the idea that the US could still have a footprint 300 00:16:25,160 --> 00:16:27,480 Speaker 1: and do those kinds of over the horizon attacks was 301 00:16:27,520 --> 00:16:30,440 Speaker 1: a big part of the rationale for what has become 302 00:16:30,920 --> 00:16:35,160 Speaker 1: a very unpopular decision by the President to move troops 303 00:16:35,240 --> 00:16:37,560 Speaker 1: out after the Taliban took over a cobble. Is the 304 00:16:37,600 --> 00:16:40,880 Speaker 1: White House sort of looking for some vindication here by 305 00:16:41,120 --> 00:16:45,760 Speaker 1: actually showing that the leader of al Qaeda was taken out? Well, sure, 306 00:16:45,800 --> 00:16:48,360 Speaker 1: I mean look like I said, it's it's an opportunity 307 00:16:48,400 --> 00:16:51,200 Speaker 1: to respond to that criticism, which is now basically a 308 00:16:51,280 --> 00:16:53,920 Speaker 1: year old. Uh And I don't think that the public 309 00:16:54,240 --> 00:16:57,360 Speaker 1: sentiment was against removing troops. It was the style in 310 00:16:57,400 --> 00:16:59,240 Speaker 1: which had happened. It was the way that things did 311 00:16:59,320 --> 00:17:01,600 Speaker 1: not appear to be planned, the way it was conducted, 312 00:17:01,640 --> 00:17:04,560 Speaker 1: and of course the deaths of thirteen Marines. But remember 313 00:17:04,600 --> 00:17:08,399 Speaker 1: with regard to drone strikes, they remained controversial. Uh And 314 00:17:08,560 --> 00:17:10,440 Speaker 1: and it was about a year ago that we killed 315 00:17:10,520 --> 00:17:12,840 Speaker 1: ten civilians and had to apologize for that and what 316 00:17:12,960 --> 00:17:15,760 Speaker 1: we thought was a counter terror strikes. So yes, this 317 00:17:15,960 --> 00:17:17,879 Speaker 1: is an opportunity for the White House to say this 318 00:17:18,040 --> 00:17:21,920 Speaker 1: type of mission can work. And obviously the other big 319 00:17:22,000 --> 00:17:24,959 Speaker 1: source of tension this morning is the possibility that how 320 00:17:25,000 --> 00:17:28,840 Speaker 1: Speaker Pelosi is going to arrive in Taiwan within hours. 321 00:17:29,240 --> 00:17:32,480 Speaker 1: What's the latest there. Let spoke with John Kirby yesterday 322 00:17:32,560 --> 00:17:34,920 Speaker 1: who speaks for the National Security Council of the White House, 323 00:17:35,000 --> 00:17:37,920 Speaker 1: and his messaging was very deliberate. There's a precedent for 324 00:17:38,000 --> 00:17:41,119 Speaker 1: this trip. Speakers of the House have gone before, albeit 325 00:17:41,119 --> 00:17:43,280 Speaker 1: it it's been about a quarter century. And that the 326 00:17:43,359 --> 00:17:46,480 Speaker 1: White House that the United States as a nation is 327 00:17:46,560 --> 00:17:49,960 Speaker 1: making no change in policy towards China or the One 328 00:17:50,080 --> 00:17:53,320 Speaker 1: China policy or Taiwan. This is status quo, and it 329 00:17:53,520 --> 00:17:56,119 Speaker 1: is in fact Beijing that has been cranking up the 330 00:17:56,160 --> 00:17:59,000 Speaker 1: rhetoric here. Uh. The White House, as you know, did 331 00:17:59,080 --> 00:18:01,680 Speaker 1: not prefer this happened, Joe Biden said two weeks ago. 332 00:18:01,720 --> 00:18:03,520 Speaker 1: The military didn't think it was a good idea. But 333 00:18:03,840 --> 00:18:05,760 Speaker 1: the White House can't tell the Speaker what to do. 334 00:18:06,080 --> 00:18:08,120 Speaker 1: On the other hand, the White House has to provide, 335 00:18:08,359 --> 00:18:11,000 Speaker 1: or at least the administration as a whole Visavi the 336 00:18:11,040 --> 00:18:14,440 Speaker 1: Pentagon must provide the transportation and security for her. It's 337 00:18:14,440 --> 00:18:16,560 Speaker 1: gonna be flying in on an Air Force jet. So 338 00:18:16,720 --> 00:18:18,639 Speaker 1: to suggest as well if the White House is watching 339 00:18:18,680 --> 00:18:20,000 Speaker 1: this on the news with the rest of US is 340 00:18:20,040 --> 00:18:22,280 Speaker 1: not very accurate. This is gonna take both sides of 341 00:18:22,320 --> 00:18:25,160 Speaker 1: Pennsylvania Avenue. In our last minute here, Joe, we've gotten 342 00:18:25,200 --> 00:18:28,359 Speaker 1: even more response from China. There was a briefing earlier 343 00:18:28,520 --> 00:18:32,240 Speaker 1: this morning vowing resolute measures if Pelosi does visit Taiwan. 344 00:18:32,359 --> 00:18:35,080 Speaker 1: We've had a ratcheting up of rhetoric here. What is 345 00:18:35,160 --> 00:18:37,960 Speaker 1: the US preparing for in terms of perhaps something more 346 00:18:38,400 --> 00:18:41,240 Speaker 1: than just rhetoric getting ratcheted. Yeah, it's been pretty hot, 347 00:18:41,320 --> 00:18:44,840 Speaker 1: and they did name Pelosi in that briefing this morning. 348 00:18:45,119 --> 00:18:47,560 Speaker 1: John Kirby told us yesterday some of the things that 349 00:18:47,640 --> 00:18:51,440 Speaker 1: they're concerned about maybe another missile test labba couple of 350 00:18:51,520 --> 00:18:55,400 Speaker 1: missiles uh into the ocean near Taiwan, which actually happened 351 00:18:55,880 --> 00:18:59,439 Speaker 1: uh last time we sent a high ranking official there. Uh. 352 00:18:59,520 --> 00:19:01,359 Speaker 1: Maybe there is more to it than that. Maybe we 353 00:19:01,480 --> 00:19:05,640 Speaker 1: have a large scale incursion into Taiwan's airspace. That would 354 00:19:05,680 --> 00:19:08,840 Speaker 1: be something we're typically testing those lines. But to have 355 00:19:08,960 --> 00:19:11,520 Speaker 1: a number of jets, maybe a squadron from China fly 356 00:19:11,680 --> 00:19:14,440 Speaker 1: over there, if not over the island itself, would be 357 00:19:14,520 --> 00:19:17,360 Speaker 1: considered a very bold move. Keep in mind, the Pentagon 358 00:19:17,520 --> 00:19:20,119 Speaker 1: is going to be flying escorts with Nancy Pelosi to 359 00:19:20,240 --> 00:19:22,720 Speaker 1: make sure she gets in and out safely, and the 360 00:19:23,240 --> 00:19:26,520 Speaker 1: chance for a mistake, the possibility of an error is 361 00:19:26,640 --> 00:19:29,200 Speaker 1: what could be the biggest risk today. And we'll have 362 00:19:29,520 --> 00:19:31,480 Speaker 1: much more from that interview that you did with a 363 00:19:31,640 --> 00:19:34,320 Speaker 1: National Security Council spokesman John Kirby coming up here in 364 00:19:34,359 --> 00:19:37,320 Speaker 1: about a half hour here on Bloomberg day Break. Joe 365 00:19:37,359 --> 00:19:39,800 Speaker 1: Matthew or Washington correspondent, host of sound On. You can 366 00:19:39,840 --> 00:19:43,119 Speaker 1: catch him every weekday evening five pm Eastern Time on 367 00:19:43,200 --> 00:19:45,680 Speaker 1: Bloomberg Radio. And Joe'll be back up with us later 368 00:19:45,800 --> 00:19:48,800 Speaker 1: on in this program on Bloomberg Daybreak. As we continue 369 00:19:48,840 --> 00:19:52,240 Speaker 1: to follow developments with how Speaker Pelosi expected to arrive 370 00:19:52,440 --> 00:19:56,640 Speaker 1: in Taiwan within hours ahead of that, futures are moving lower. 371 00:19:56,720 --> 00:19:59,439 Speaker 1: We have SMP futures down twenty six point, STOW futures 372 00:19:59,480 --> 00:20:02,159 Speaker 1: down a hundred forty seven. Nastack future is lower by 373 00:20:02,200 --> 00:20:08,159 Speaker 1: a hundred one points. This is Bloomberg and Bloomberg day 374 00:20:08,200 --> 00:20:10,400 Speaker 1: Break is brought to you by Peapack Private Wealth Management. 375 00:20:10,480 --> 00:20:13,320 Speaker 1: Prepack Private Wealth Management knows that the portfolio is more 376 00:20:13,359 --> 00:20:15,560 Speaker 1: than a collection of assets, It's a path to your future. 377 00:20:15,680 --> 00:20:19,280 Speaker 1: Visit Peapack Private dot com. Begin your financial legacy today. 378 00:20:22,119 --> 00:20:26,640 Speaker 1: Broadcasting live from the Bloomberg Interactive Broker Studio in New York, 379 00:20:26,760 --> 00:20:30,240 Speaker 1: Bloomberg Living for You to Washington, d C. Bloomberg ninety 380 00:20:30,560 --> 00:20:34,040 Speaker 1: one to Boston, Bloomberg one O six one to San Francisco, 381 00:20:34,160 --> 00:20:37,359 Speaker 1: Bloomberg M sixty to the Country Sirius xm J A 382 00:20:37,440 --> 00:20:40,320 Speaker 1: one nine team, and around the globe the Bloomberg Business 383 00:20:40,720 --> 00:20:50,480 Speaker 1: and Bloomberg Radio dot Com. This is Bloomberg Daybreak. It's 384 00:20:50,560 --> 00:20:52,960 Speaker 1: five thirty on Wall Street. Good morning. I'm Nathan Hagar 385 00:20:53,240 --> 00:20:55,879 Speaker 1: and I'm Karen Moscow. We are just about four hours 386 00:20:55,920 --> 00:20:58,040 Speaker 1: away from the open of US trading. Let's get you 387 00:20:58,119 --> 00:20:59,399 Speaker 1: up to date on the news. You need to know 388 00:20:59,480 --> 00:21:02,320 Speaker 1: what this show where Politics front and center this morning 389 00:21:02,359 --> 00:21:04,720 Speaker 1: and the beginn of President Biden's addressed to the nation 390 00:21:04,840 --> 00:21:07,879 Speaker 1: last night. The President said a US drone strike in 391 00:21:07,880 --> 00:21:10,600 Speaker 1: Afghanistan has killed one of the planners of the nine 392 00:21:10,640 --> 00:21:14,360 Speaker 1: eleven attacks. I'm in Alzowari was the leader of al Qaeda. 393 00:21:14,640 --> 00:21:18,119 Speaker 1: President Biden thanked experts and operatives who brought justice to 394 00:21:18,240 --> 00:21:22,399 Speaker 1: al Zawari is thanks to their extraordinary persistence of skill 395 00:21:22,960 --> 00:21:27,160 Speaker 1: that this operation of success than it's all safer. President 396 00:21:27,240 --> 00:21:29,760 Speaker 1: Biden said he authorized this strike and that there were 397 00:21:29,840 --> 00:21:34,160 Speaker 1: no civilian casualties. Another major story we're following this morning, Karen, 398 00:21:34,240 --> 00:21:38,240 Speaker 1: is Nancy Pelosi's visit to Taiwan. China is threatening military 399 00:21:38,320 --> 00:21:40,879 Speaker 1: action over the visit, but the House Speakers should make 400 00:21:40,960 --> 00:21:44,040 Speaker 1: the trip safely. That's according to US National Security Council 401 00:21:44,080 --> 00:21:47,600 Speaker 1: spokesman John Kirby. We have indications that the Chinese might 402 00:21:47,760 --> 00:21:51,639 Speaker 1: take some actions in a military way to protest a 403 00:21:51,720 --> 00:21:54,480 Speaker 1: trip by the speaker. What I wanted to make clear 404 00:21:54,520 --> 00:21:57,040 Speaker 1: today was that we are going to make sure that 405 00:21:57,200 --> 00:21:59,280 Speaker 1: if the Speaker decides to go to Taiwan, she can 406 00:21:59,320 --> 00:22:02,160 Speaker 1: do so safe. John Kirby with the National Security Council 407 00:22:02,200 --> 00:22:05,040 Speaker 1: spoke with our Washington correspondent Joe Matthews. Stay tuned for 408 00:22:05,119 --> 00:22:07,919 Speaker 1: more of that interview coming up shortly. The escalating tension 409 00:22:08,000 --> 00:22:11,399 Speaker 1: between the US and China is impacting markets. Futures are 410 00:22:11,480 --> 00:22:14,800 Speaker 1: lower and Asian stocks fell overnight. Well turned into corporate 411 00:22:14,880 --> 00:22:17,560 Speaker 1: news now Nathan. Legal moves are heating up in Twitter, 412 00:22:17,640 --> 00:22:20,760 Speaker 1: skates against Elon Musk and Bloomberg's Rnda Young joins us 413 00:22:20,840 --> 00:22:23,240 Speaker 1: live with the latest. Good morning, Ready down, Good morning, Karen. 414 00:22:23,280 --> 00:22:27,000 Speaker 1: Twitter is probing the circle social circle of Elon Musk. 415 00:22:27,119 --> 00:22:30,240 Speaker 1: Lawyers are making far reaching legal requests about his forty 416 00:22:30,320 --> 00:22:33,560 Speaker 1: four billion dollar deal to take Twitter private. That's according 417 00:22:33,600 --> 00:22:37,160 Speaker 1: to legal documents obtained by The Washington Post. Now, Twitter's 418 00:22:37,200 --> 00:22:41,240 Speaker 1: legal team asked for information about elite Silicon Valley investors 419 00:22:41,359 --> 00:22:44,359 Speaker 1: like David Sacks and Mark and Reeson, and since some 420 00:22:44,520 --> 00:22:47,040 Speaker 1: of the heavy hitters have not been named publicly in 421 00:22:47,080 --> 00:22:50,040 Speaker 1: the deal, it suggests just how far Twitter is willing 422 00:22:50,119 --> 00:22:53,120 Speaker 1: to go to force Elon Musk to honor the deal. 423 00:22:53,359 --> 00:22:56,760 Speaker 1: Twitter is also probing Morgan Stanley, Bank of America and 424 00:22:56,840 --> 00:23:00,399 Speaker 1: other banks that committed to backing the acquisition. Live in 425 00:23:00,480 --> 00:23:02,840 Speaker 1: New York. I'm really need a Young Bloomberg daybreak, all right, 426 00:23:02,880 --> 00:23:05,040 Speaker 1: we need to thank you. More than forty companies report 427 00:23:05,080 --> 00:23:09,200 Speaker 1: earnings today, including Uber and Starbucks. Pinterest chairs are surging 428 00:23:09,359 --> 00:23:13,480 Speaker 1: nine despite results that missed estimates. The jump followed Elliott 429 00:23:13,520 --> 00:23:17,119 Speaker 1: Investment Management confirming its steak as the company's top shareholder, 430 00:23:17,560 --> 00:23:20,280 Speaker 1: and again Nathan futures are lower. SNP Future is down 431 00:23:20,359 --> 00:23:23,120 Speaker 1: twenty nine points. Down, futures down a hundred sixty six 432 00:23:23,200 --> 00:23:26,680 Speaker 1: and Asdack futures down one ten year treasury up six 433 00:23:26,760 --> 00:23:29,960 Speaker 1: thirty seconds, held two point five four percent. Try to 434 00:23:30,000 --> 00:23:32,760 Speaker 1: head your latest local headlines plus a check of sports, 435 00:23:32,880 --> 00:23:40,159 Speaker 1: and this is Bloomberg. Thanks on Wall Streets seventy one 436 00:23:40,200 --> 00:23:43,040 Speaker 1: degrees in Central Park, overturned tractor trailer on the New 437 00:23:43,119 --> 00:23:45,439 Speaker 1: Jersey Turnpike Nearks at seven A. And Michael Barr has 438 00:23:45,520 --> 00:23:47,280 Speaker 1: more on what's going on in New York and around 439 00:23:47,280 --> 00:23:49,480 Speaker 1: the world. Michael Nathan, thank you very much. New York 440 00:23:49,560 --> 00:23:53,199 Speaker 1: City Mayor Eric Adams defended his city's response to monkey 441 00:23:53,320 --> 00:23:57,160 Speaker 1: parks as cases rise. Adams declared a state of emergency 442 00:23:57,200 --> 00:23:59,920 Speaker 1: over the virus. When asked whether the city quote draw 443 00:24:00,160 --> 00:24:03,080 Speaker 1: the ball and its response, Adam says, the city is 444 00:24:03,160 --> 00:24:08,160 Speaker 1: simultaneously dealing with multiple issues. We're moving together, of still 445 00:24:08,320 --> 00:24:12,399 Speaker 1: getting people vaccinated for COVID and still dealing with the 446 00:24:12,520 --> 00:24:16,600 Speaker 1: monkey pox that's coming in. Meanwhile, California's governor has declared 447 00:24:16,640 --> 00:24:19,520 Speaker 1: a state of emergency to combat the monkey pox outbreak. 448 00:24:19,960 --> 00:24:22,720 Speaker 1: More in this live report from Bloomberg's John Tucker. John 449 00:24:22,880 --> 00:24:25,880 Speaker 1: Michael Nearly eight hundred cases of monkeypox have been reported 450 00:24:25,920 --> 00:24:28,919 Speaker 1: in California. People getting six so far have mainly been 451 00:24:29,000 --> 00:24:31,480 Speaker 1: men who have sex with men, though health officials note 452 00:24:31,640 --> 00:24:35,679 Speaker 1: the virus can infect anyone. The emergency declaration in California 453 00:24:35,840 --> 00:24:37,840 Speaker 1: comes after the similar one in New York State on 454 00:24:37,960 --> 00:24:42,080 Speaker 1: Saturday and in San Francisco Thursday. San Francisco City officials 455 00:24:42,119 --> 00:24:45,400 Speaker 1: have said the federal government has failed to deliver enough 456 00:24:45,600 --> 00:24:49,360 Speaker 1: vaccines live in New York. I'm John Tucker, Bloomberg Daybreak, John, 457 00:24:49,480 --> 00:24:52,359 Speaker 1: Thank you, sir. It is primary election day today in 458 00:24:52,480 --> 00:24:55,680 Speaker 1: five states. In Kansas, abortion is on the ballot, with 459 00:24:55,840 --> 00:24:59,119 Speaker 1: voters deciding whether residents should continue to have the right 460 00:24:59,200 --> 00:25:03,359 Speaker 1: to an abortion under the state constitution. Pro choice, Canvasser, 461 00:25:03,560 --> 00:25:06,960 Speaker 1: Jackie Clapper, whatever your views are on what do you 462 00:25:07,040 --> 00:25:11,000 Speaker 1: believe restrictions or no restrictions or whatever. It's just women 463 00:25:11,000 --> 00:25:13,600 Speaker 1: should be able to make that choice for themselves. However, 464 00:25:13,720 --> 00:25:17,360 Speaker 1: this man supports amending the constitution taking away the right 465 00:25:17,600 --> 00:25:21,359 Speaker 1: to an abortion. This isn't about abortion. It is about 466 00:25:21,800 --> 00:25:25,159 Speaker 1: how do we want decisions made by a board of 467 00:25:25,280 --> 00:25:29,119 Speaker 1: liberal judges with no input from the citizens of the 468 00:25:29,160 --> 00:25:33,879 Speaker 1: state of Kansas. Michigan, Arizona, Missouri, and Washington State also 469 00:25:34,080 --> 00:25:37,520 Speaker 1: hold Primaries Global News twenty four hours a day on 470 00:25:37,760 --> 00:25:41,280 Speaker 1: air and on Bloomberg Quicktate, powered by more than twenty 471 00:25:41,400 --> 00:25:44,280 Speaker 1: seven hundred journalists and analysts and more than one hundred 472 00:25:44,359 --> 00:25:48,840 Speaker 1: twenty countries. Michael Barr and this is Bloomberg, Nathan, Thank you. Michael. 473 00:25:54,200 --> 00:25:56,960 Speaker 1: On Wall Street, John stash Are has the Bloomberg Sports Update. 474 00:25:57,000 --> 00:25:59,359 Speaker 1: All right, Nathan, lot of happy Mets fans as seven 475 00:25:59,440 --> 00:26:02,600 Speaker 1: game winning Street kept and Jacob mcgraham on the Mountain 476 00:26:02,640 --> 00:26:05,880 Speaker 1: Tonight Medicine. Washington led four three, but the game away six. 477 00:26:07,000 --> 00:26:09,000 Speaker 1: Here's a drive for the year. Teth call left center, 478 00:26:09,200 --> 00:26:15,679 Speaker 1: this one spot, fixt my go and it's gone up field, 479 00:26:16,119 --> 00:26:19,680 Speaker 1: a three run homer to the opposite field, hit five 480 00:26:19,760 --> 00:26:23,440 Speaker 1: Francisco and door. It's his eighteenth home run of the year. 481 00:26:23,840 --> 00:26:26,399 Speaker 1: He is now at Reveden seven day, three runs. You 482 00:26:26,440 --> 00:26:28,440 Speaker 1: see he has to call seven. Three of the final 483 00:26:28,520 --> 00:26:31,120 Speaker 1: matchers who got the win. Patrick Corbin took the loss, 484 00:26:31,160 --> 00:26:33,320 Speaker 1: his fifteenth loss of the season, and now it's de 485 00:26:33,400 --> 00:26:37,120 Speaker 1: Graham baseball's best picture, but so often injured his first 486 00:26:37,160 --> 00:26:40,400 Speaker 1: met starting more than a year, once Soto homeward officers 487 00:26:40,480 --> 00:26:41,800 Speaker 1: or in what may have been his last game with 488 00:26:41,880 --> 00:26:45,040 Speaker 1: the Nationals trade deadline six o'clock, Yank, He's busy. The 489 00:26:45,119 --> 00:26:48,720 Speaker 1: day before they acquired three pictures a starter Frankie Montas. 490 00:26:48,880 --> 00:26:51,320 Speaker 1: He comes from Oakland with reliever Loom Trevino, and they 491 00:26:51,359 --> 00:26:54,560 Speaker 1: also added reliever Scott Frost. On the Cubs yankst and 492 00:26:54,640 --> 00:26:57,640 Speaker 1: beat Seattle seven to two with the stadium second three 493 00:26:57,720 --> 00:27:00,399 Speaker 1: run homeward. As many days for Anthony Rizzo came Perstiny 494 00:27:00,440 --> 00:27:03,760 Speaker 1: This twenty six inning later, two run shot from Aaron 495 00:27:03,920 --> 00:27:07,760 Speaker 1: Judge continues his torrid faces forty three omer two solo 496 00:27:07,840 --> 00:27:11,000 Speaker 1: shots for Jose Travino. The Astros trying to catch the Yankees. 497 00:27:11,040 --> 00:27:13,919 Speaker 1: They lost to the Red Sox usedon acquired catcher Kristin 498 00:27:14,000 --> 00:27:16,440 Speaker 1: Vasque has from Boston and first baseman trade man Senior 499 00:27:16,440 --> 00:27:19,960 Speaker 1: from Baltimore. NBA is investigating whether the next hampered and 500 00:27:20,000 --> 00:27:23,240 Speaker 1: their Sonning the free agent Jalen Brunson Arizona, QB Caler 501 00:27:23,320 --> 00:27:26,800 Speaker 1: Murray Seattle coach Pete Carroll all tested positive for COVID, 502 00:27:27,000 --> 00:27:29,679 Speaker 1: and Greg Norman, who runs the Lift Tour, says they 503 00:27:29,760 --> 00:27:33,040 Speaker 1: offered tiger Woods about seven hundred fifty million dollars and 504 00:27:33,200 --> 00:27:36,760 Speaker 1: said no. John stash Our Bloomberg stats. Wow. Thank you 505 00:27:36,840 --> 00:27:39,520 Speaker 1: John seven on Wall Street. Time for the tri State 506 00:27:39,600 --> 00:27:43,520 Speaker 1: Business report with Bloomberg's d Cory American Dream. The Mall 507 00:27:43,640 --> 00:27:47,280 Speaker 1: In Entertainment complex in New Jersey's meadow Lands has failed 508 00:27:47,280 --> 00:27:49,440 Speaker 1: to make an interest payment that was due Monday on 509 00:27:49,600 --> 00:27:52,600 Speaker 1: municipal bonds sold to help finance the venture. At eight 510 00:27:52,640 --> 00:27:55,280 Speaker 1: point eight million dollar payment was due, according to a 511 00:27:55,359 --> 00:27:59,720 Speaker 1: regulatory filing. Valley's has become an official sports vetting partner 512 00:27:59,760 --> 00:28:04,000 Speaker 1: with the Yankees. Marketing benefits for Valleys inside Yankees Stadium 513 00:28:04,280 --> 00:28:08,280 Speaker 1: include advertising on the outfield wall that lines the playing field, 514 00:28:08,800 --> 00:28:11,600 Speaker 1: field facing walls on the main level bars and left 515 00:28:11,640 --> 00:28:15,000 Speaker 1: and right field, the terrorist level ribbon board and led 516 00:28:15,200 --> 00:28:18,680 Speaker 1: board throughout the Great Hall. The New York State Retirement 517 00:28:18,760 --> 00:28:21,720 Speaker 1: Systems on nine and a half present annual return during 518 00:28:21,760 --> 00:28:25,360 Speaker 1: the fiscal year ending in March, surpassing it's long term 519 00:28:25,480 --> 00:28:28,960 Speaker 1: investment target. The games came before the worst of this 520 00:28:29,080 --> 00:28:32,440 Speaker 1: year's stock market slide. They increased the value of the 521 00:28:32,520 --> 00:28:36,320 Speaker 1: fund's assets to two hundred seventy two billion dollars. That's 522 00:28:36,320 --> 00:28:39,920 Speaker 1: your Bloomberg Trying State Business Report. I'm Ed Corey. Thank you, 523 00:28:40,000 --> 00:28:42,600 Speaker 1: Add five thirty eight on Wall Street Bloomberg Radio is 524 00:28:42,640 --> 00:28:44,920 Speaker 1: on the air from San Francisco to New York, London 525 00:28:45,000 --> 00:28:47,120 Speaker 1: to Hong Kong. Let's check in with our global news 526 00:28:47,200 --> 00:28:48,800 Speaker 1: team for some of the top stories heard on our 527 00:28:48,880 --> 00:28:55,200 Speaker 1: three hundred affiliate radio stations around the world. I've Steve's 528 00:28:55,200 --> 00:28:58,040 Speaker 1: podas on K and X in Los Angeles. We're talking 529 00:28:58,080 --> 00:29:02,120 Speaker 1: about a post pandemic slowdown at GameMaker, Actor Vision Blizzards 530 00:29:02,200 --> 00:29:06,120 Speaker 1: on Courtney Donahoe. On kt r H in Houston, consumers 531 00:29:06,200 --> 00:29:08,520 Speaker 1: spent more than they earned in the last six months. 532 00:29:08,640 --> 00:29:11,560 Speaker 1: I'm Gina Servetti and for w b d M in Chicago, 533 00:29:11,720 --> 00:29:15,360 Speaker 1: we're watching for earnings from Caterpillar. I'm Caroline Hepfilm Bloomberg, 534 00:29:15,440 --> 00:29:18,640 Speaker 1: DAB Disturbed and Lonson. We've been reputting on Bump results 535 00:29:18,680 --> 00:29:22,240 Speaker 1: for VP, whose coarsely profits came in one point seven 536 00:29:22,280 --> 00:29:25,920 Speaker 1: billion dollars higher than expect it. I made Corey on 537 00:29:26,240 --> 00:29:29,360 Speaker 1: w w J in Detroit. I'm reporting twenty three small 538 00:29:29,440 --> 00:29:32,760 Speaker 1: manufactories in Michigan have been awarded grants to help them 539 00:29:32,800 --> 00:29:36,360 Speaker 1: adopt new technology. And those are some of the stories 540 00:29:36,440 --> 00:29:39,480 Speaker 1: are twenty seven hundred Bloomberg journalists and analysts are working 541 00:29:39,520 --> 00:29:42,400 Speaker 1: on this morning around the world. It's five thirty nine 542 00:29:42,480 --> 00:29:46,720 Speaker 1: on Wall Street. The following is an editorial from Bloomberg Opinion. 543 00:29:47,120 --> 00:29:51,720 Speaker 1: This editorial was written by the Bloomberg Editorial Board. After 544 00:29:51,960 --> 00:29:55,600 Speaker 1: months of debate, the two hundred eighty billion dollar Chips 545 00:29:55,720 --> 00:29:59,640 Speaker 1: and Science Act passed both chambers of Congress last week. 546 00:30:00,120 --> 00:30:04,120 Speaker 1: Some aspects of the bill should be uncontroversial. Its proposal 547 00:30:04,280 --> 00:30:07,960 Speaker 1: to boost funding for the National Science Foundation, for instance, 548 00:30:08,360 --> 00:30:11,880 Speaker 1: Yet the bill also devotes an astonishing amount, some fifty 549 00:30:11,960 --> 00:30:15,600 Speaker 1: two billion dollars to propping up the U S semiconductor 550 00:30:15,840 --> 00:30:20,280 Speaker 1: manufacturing industry. It's all too easy to imagine government dependent 551 00:30:20,400 --> 00:30:24,360 Speaker 1: chipmakers demanding yet more handouts a decade down the line. 552 00:30:24,880 --> 00:30:28,960 Speaker 1: Congress can head off this threat with some pro competitive reforms, 553 00:30:29,320 --> 00:30:34,160 Speaker 1: including expanding free trade deals and scrapping tariffs. Beyond that, 554 00:30:34,360 --> 00:30:37,920 Speaker 1: lawmakers must be mindful about how all this new cash 555 00:30:38,200 --> 00:30:41,880 Speaker 1: is being spent and ensure that a one time splurge 556 00:30:42,360 --> 00:30:47,240 Speaker 1: doesn't turn into a permanent subsidy. This editorial was written 557 00:30:47,280 --> 00:30:50,920 Speaker 1: by the Bloomberg Editorial Board. For more Bloomberg opinion, please 558 00:30:50,960 --> 00:30:54,080 Speaker 1: go to Bloomberg dot com, slash Opinion or O P 559 00:30:54,440 --> 00:30:57,520 Speaker 1: I N go on the Bloomberg terminal. This has been 560 00:30:57,640 --> 00:31:01,760 Speaker 1: Bloomberg opinion and you can hear Bloomberg opinion editorials every weekday. 561 00:31:01,840 --> 00:31:05,000 Speaker 1: At this time, terminal customers can read more and O 562 00:31:05,160 --> 00:31:08,760 Speaker 1: P I n GO future is moving lower. SMP futures 563 00:31:08,760 --> 00:31:11,600 Speaker 1: down twenty eight points down, futures down a hundred fifty seven. 564 00:31:11,680 --> 00:31:13,920 Speaker 1: NASTACK futures are lower by a hundred eight points ten 565 00:31:13,960 --> 00:31:22,960 Speaker 1: Your treasury yield two point. This is Bloomberg Bloomberg eleven 566 00:31:23,000 --> 00:31:25,160 Speaker 1: three oh weather sunshine, but can't rule out a shower, 567 00:31:25,240 --> 00:31:27,840 Speaker 1: a thundershower with a high your ninety degrees mostly sunny 568 00:31:27,880 --> 00:31:31,600 Speaker 1: near nine tomorrow, mid nineties sunny, hot, humid for Thursday 569 00:31:31,760 --> 00:31:38,680 Speaker 1: right now seventy one in Central Park Markets, headlines and 570 00:31:38,880 --> 00:31:42,080 Speaker 1: breaking news twenty four hours a day at Bloomberg dot com, 571 00:31:42,240 --> 00:31:45,320 Speaker 1: the Bloomberg Business at, and at Bloomberg Quick Tape. This 572 00:31:45,720 --> 00:31:55,360 Speaker 1: is a Bloomberg business lash and I'm Cameron Moscow. Stocks 573 00:31:55,400 --> 00:31:58,080 Speaker 1: in US stock index futures are falling him at escalating 574 00:31:58,200 --> 00:32:01,160 Speaker 1: US China, at tension over Taiwan and deepening worries about 575 00:32:01,160 --> 00:32:04,440 Speaker 1: a global economic slowdown, driving investors into the safety of 576 00:32:04,520 --> 00:32:07,600 Speaker 1: government bonds. We checked the markets every fifteen minutes throughout 577 00:32:07,640 --> 00:32:10,480 Speaker 1: the trading day on bloomberg S and P futures down 578 00:32:10,560 --> 00:32:13,040 Speaker 1: twenty six points now futures at a hundred forty four 579 00:32:13,120 --> 00:32:15,840 Speaker 1: and NAS day futures down a hundred four. The decks 580 00:32:15,880 --> 00:32:18,440 Speaker 1: in Germany is down six tenths of upper cent ten. 581 00:32:18,480 --> 00:32:21,040 Speaker 1: Your treasury up six thirty seconds. He'l two point five 582 00:32:21,080 --> 00:32:23,880 Speaker 1: four percent field on the two year is a two 583 00:32:23,920 --> 00:32:27,160 Speaker 1: point eight five percent. Noimex screwed oil is down half 584 00:32:27,200 --> 00:32:29,600 Speaker 1: percent or forty three cents and ninety three dollars forty 585 00:32:29,640 --> 00:32:32,080 Speaker 1: six cents in barrel and comex schoold is up two 586 00:32:32,120 --> 00:32:35,800 Speaker 1: tens per cent or three dollars fifty cents is s ounce. 587 00:32:36,200 --> 00:32:39,120 Speaker 1: That's a Bloomberg business flash. Now here's Michael Barr with more. 588 00:32:39,160 --> 00:32:41,600 Speaker 1: I'm let's going on around the world. Michael Karen, thank 589 00:32:41,600 --> 00:32:44,200 Speaker 1: you very much. President Biden says that a US air 590 00:32:44,320 --> 00:32:47,680 Speaker 1: strike killed al Qaida leader. I'm in al Zaur hearing 591 00:32:47,720 --> 00:32:50,600 Speaker 1: in a drone strike. The White House says the Kainda 592 00:32:50,720 --> 00:32:54,280 Speaker 1: leader was essentially provided safe harbor in downtown Cobble by 593 00:32:54,360 --> 00:32:58,000 Speaker 1: senior leaders of the Taliban network. How Speaker Nancy Pelosi 594 00:32:58,080 --> 00:33:00,640 Speaker 1: continues her Asia trip and in a here she will 595 00:33:00,720 --> 00:33:04,480 Speaker 1: make a controversial stop in Taiwan. China warns that it 596 00:33:04,600 --> 00:33:07,840 Speaker 1: would never sit idly by if Pelosi goes through with 597 00:33:07,880 --> 00:33:10,720 Speaker 1: a visit to Taiwan, which Seana claims as its own. 598 00:33:11,160 --> 00:33:14,440 Speaker 1: In baseball, the Yankees beat the Mariners seven to seven 599 00:33:14,520 --> 00:33:17,120 Speaker 1: straight wins, where the Mats after beating the national seven three. 600 00:33:17,280 --> 00:33:20,000 Speaker 1: The Red Sox and Orioles were also winners. The Giants 601 00:33:20,080 --> 00:33:23,120 Speaker 1: lost to the Dodgers. A too global news twenty four 602 00:33:23,200 --> 00:33:26,840 Speaker 1: hours a day on air and on Bloomberg Quittake, powered 603 00:33:26,880 --> 00:33:30,280 Speaker 1: by more than twenty seven hundred journalists and analysts in 604 00:33:30,360 --> 00:33:33,320 Speaker 1: more than one hundred twenty countries. I'm Michael Barr, and 605 00:33:33,440 --> 00:33:36,360 Speaker 1: this is Bloomberg, Nathan. Thank you, Michael. It's almost five 606 00:33:36,480 --> 00:33:39,280 Speaker 1: forty nine on Wall Street Live from the Bloomberg Interactive 607 00:33:39,280 --> 00:33:42,680 Speaker 1: Brokers Studios. This is Bloomberg Daybreak. I'm Nathan Hagar. The 608 00:33:42,720 --> 00:33:45,560 Speaker 1: White House is seeking to dial back rising tensions with 609 00:33:45,760 --> 00:33:49,280 Speaker 1: China over how Speaker Nancy Pelosi's expected visit to Taiwan. 610 00:33:49,560 --> 00:33:52,360 Speaker 1: There he would make Pelosi the highest ranking US officials 611 00:33:52,360 --> 00:33:54,800 Speaker 1: to set foot on the island in twenty five years. 612 00:33:55,320 --> 00:33:58,280 Speaker 1: Ahead of the visit, Bloomberg's Joe Matthew Caroline Hyde and 613 00:33:58,360 --> 00:34:02,240 Speaker 1: Taylor Riggs spoke with US nash Security Council spokesperson John Kirby. 614 00:34:02,560 --> 00:34:06,040 Speaker 1: He insists Pelosi's travel plans do not signal a change 615 00:34:06,040 --> 00:34:08,600 Speaker 1: in the U S posture towards Taiwan, and he urged 616 00:34:08,640 --> 00:34:12,000 Speaker 1: Beijing to refrain from an aggressive response. Here is part 617 00:34:12,080 --> 00:34:15,799 Speaker 1: of that interview. You made clear that Speaker Pelosi has 618 00:34:15,840 --> 00:34:17,960 Speaker 1: precedent for this trip and that there has been no 619 00:34:18,239 --> 00:34:21,960 Speaker 1: change in US China policy. Why then, did President Biden 620 00:34:22,000 --> 00:34:24,760 Speaker 1: suggest a couple of weeks ago that the US military 621 00:34:24,840 --> 00:34:26,600 Speaker 1: thought this might be a bad time for her to go. 622 00:34:27,080 --> 00:34:28,920 Speaker 1: I think the President was answering her question you got 623 00:34:28,960 --> 00:34:32,279 Speaker 1: from a reporter that surrounded her the context of the 624 00:34:32,400 --> 00:34:36,360 Speaker 1: kinds of information we give to Speaker Pelosi before she travels. 625 00:34:36,960 --> 00:34:39,960 Speaker 1: We met with her staff and with her at various 626 00:34:40,040 --> 00:34:42,400 Speaker 1: levels before she made this trip to make sure that 627 00:34:42,680 --> 00:34:44,920 Speaker 1: she could make the best decisions on her own. That 628 00:34:45,000 --> 00:34:47,040 Speaker 1: she had all the information and context she needed, and 629 00:34:47,080 --> 00:34:49,920 Speaker 1: the President was referencing that. But it is up to 630 00:34:50,040 --> 00:34:53,080 Speaker 1: this speaker she gets to decide what her travel itinerary 631 00:34:53,160 --> 00:34:55,600 Speaker 1: looks like. The President respects that you mentioned the fact 632 00:34:55,640 --> 00:34:58,879 Speaker 1: that there were live fire exercises conducted by China last night, 633 00:34:59,320 --> 00:35:02,480 Speaker 1: and you said that the country is positioning itself to 634 00:35:02,560 --> 00:35:06,240 Speaker 1: potentially take further steps in the coming days. I spoke earlier, 635 00:35:06,320 --> 00:35:10,239 Speaker 1: Admiral today with Defense Secretary Mark Esper who suggested that 636 00:35:10,280 --> 00:35:12,239 Speaker 1: the U. S. S. Ronald Reagan was sent to the 637 00:35:12,320 --> 00:35:16,680 Speaker 1: region in case Speaker Pelosi did visit Taiwan. Is that accurate? No, 638 00:35:17,800 --> 00:35:21,000 Speaker 1: Ronald Reagan UH is already forward deployed to the region 639 00:35:21,920 --> 00:35:27,120 Speaker 1: her her UH activities in the South China. See we're 640 00:35:27,160 --> 00:35:30,279 Speaker 1: long planned. Um. We keep a vigilant posture in the 641 00:35:30,360 --> 00:35:32,680 Speaker 1: end Pacific because we need to. But it was not 642 00:35:32,800 --> 00:35:37,680 Speaker 1: related to any potential visit by Speaker Pelosi. We know, 643 00:35:37,920 --> 00:35:40,280 Speaker 1: of course that you've just said that the United States 644 00:35:40,400 --> 00:35:44,000 Speaker 1: has no interest in increasing tensions over Taiwan. But this 645 00:35:44,200 --> 00:35:48,560 Speaker 1: does increase tensions, and what therefore do you have to 646 00:35:48,640 --> 00:35:51,279 Speaker 1: do about it. I would let the Chinese speak for 647 00:35:51,360 --> 00:35:54,040 Speaker 1: the degree to which they feel this is increasing tensions. 648 00:35:54,280 --> 00:35:56,719 Speaker 1: I would just remind that a Speaker of the House 649 00:35:56,760 --> 00:35:59,919 Speaker 1: has gone before in the mid nineties ago though Adam, 650 00:36:00,120 --> 00:36:04,319 Speaker 1: members of Members of Congress routinely go to Taiwan as 651 00:36:04,480 --> 00:36:07,759 Speaker 1: is their right. UH. This doesn't if she goes, and 652 00:36:07,800 --> 00:36:10,040 Speaker 1: I'm not confirming whether she will or not. It's not 653 00:36:10,120 --> 00:36:12,840 Speaker 1: going to violate any sovereignty issues, It's not going to 654 00:36:13,000 --> 00:36:16,279 Speaker 1: violate territory integrity. As the Chinese spokesman alluded to. It 655 00:36:16,360 --> 00:36:19,920 Speaker 1: will simply be a move in keeping very consistent with 656 00:36:20,000 --> 00:36:23,760 Speaker 1: American policy now for decades, nothing's changed about our adherence 657 00:36:23,760 --> 00:36:26,080 Speaker 1: to the One China policy, and nothing has changed about 658 00:36:26,800 --> 00:36:30,840 Speaker 1: our commitments to helping Taiwan self defense on the Taiwan 659 00:36:30,920 --> 00:36:33,880 Speaker 1: Relations Act. And the Speaker's trip is in the context 660 00:36:34,200 --> 00:36:37,960 Speaker 1: of that very stable, very solid, very consistent American policy. 661 00:36:38,320 --> 00:36:42,160 Speaker 1: How do you, from a national security perspective prepare if 662 00:36:42,320 --> 00:36:44,920 Speaker 1: China follow us through with what they've said of there 663 00:36:44,960 --> 00:36:47,840 Speaker 1: will be consequences to this. I'm not going to speculate 664 00:36:47,920 --> 00:36:51,040 Speaker 1: here or hypothesize, and I'm certainly not gonna say anything 665 00:36:51,160 --> 00:36:53,600 Speaker 1: that gets ahead of where we are right now. What 666 00:36:53,800 --> 00:36:56,640 Speaker 1: we said today was we're watching this very very closely, 667 00:36:56,760 --> 00:37:00,560 Speaker 1: and we have indications that the Chinese might take some actions, 668 00:37:00,960 --> 00:37:04,719 Speaker 1: uh in a military way, to protest a trip by 669 00:37:05,000 --> 00:37:07,360 Speaker 1: the Speaker. They can talk about what they want to do. 670 00:37:07,480 --> 00:37:10,440 Speaker 1: What I wanted to make clear today was that we 671 00:37:10,560 --> 00:37:12,960 Speaker 1: are going to make sure that if the Speaker decides 672 00:37:13,000 --> 00:37:15,920 Speaker 1: to go to Taiwan, she can do so safely and securely. 673 00:37:16,040 --> 00:37:18,840 Speaker 1: And number two, that we are able and continue to 674 00:37:19,200 --> 00:37:22,759 Speaker 1: be able to meet our ample security commitments in the 675 00:37:22,800 --> 00:37:25,440 Speaker 1: region responsibilities that we have. The President takes that very 676 00:37:25,480 --> 00:37:27,680 Speaker 1: very seriously. But look, there's no reason for this to 677 00:37:27,719 --> 00:37:30,759 Speaker 1: come to blows. There's no reason for this to erupt 678 00:37:30,840 --> 00:37:33,360 Speaker 1: into some sort of conflict. There's no reason for the 679 00:37:33,480 --> 00:37:36,719 Speaker 1: Chinese to use a potential visit by the Speaker of 680 00:37:36,800 --> 00:37:39,959 Speaker 1: House as some sort of pretext to escalate tensions higher 681 00:37:40,040 --> 00:37:42,120 Speaker 1: than they already are. And I would remind you that 682 00:37:42,239 --> 00:37:44,640 Speaker 1: in recent days and weeks, it is the Chinese side 683 00:37:45,160 --> 00:37:48,000 Speaker 1: that has, through their rhetoric and their activities, including this 684 00:37:48,160 --> 00:37:51,000 Speaker 1: live fire exercise, the ones that are escalating the tensions. 685 00:37:51,160 --> 00:37:53,000 Speaker 1: Abel Kirby, you have preferred a few times, as you 686 00:37:53,040 --> 00:37:56,279 Speaker 1: did in the briefing today, about consultations that the administration 687 00:37:56,400 --> 00:38:00,960 Speaker 1: had with Speaker Pelosi's office. Did you discuss any sort 688 00:38:01,000 --> 00:38:05,000 Speaker 1: of overt actions or news conferences or any activities that 689 00:38:05,120 --> 00:38:08,640 Speaker 1: that she might be reluctant to conduct while there so 690 00:38:08,760 --> 00:38:11,000 Speaker 1: as to not inflame tensions. Our job is to make 691 00:38:11,040 --> 00:38:13,080 Speaker 1: sure she has all the information she needs and to 692 00:38:13,160 --> 00:38:15,839 Speaker 1: make sure from a security perspective that she can make 693 00:38:15,920 --> 00:38:18,680 Speaker 1: a trip wherever it is safely and securely. The Speaker 694 00:38:18,760 --> 00:38:20,840 Speaker 1: decides what she's gonna do, where she's gonna go, what 695 00:38:20,960 --> 00:38:23,279 Speaker 1: she's gonna say when she's on the ground. Um, we 696 00:38:23,400 --> 00:38:26,279 Speaker 1: simply provided her information and context so that she can 697 00:38:26,360 --> 00:38:28,840 Speaker 1: make decisions about her travel. And that was National Security 698 00:38:28,880 --> 00:38:32,719 Speaker 1: Council spokesman John Kirby speaking with Bloomberg's Shoe Matthew, Caroline Hyde, 699 00:38:32,760 --> 00:38:35,720 Speaker 1: and Taylor Riggs ahead of House Speaker Nancy Pelosi's expected 700 00:38:35,800 --> 00:38:38,880 Speaker 1: visit to Taiwan. Today. You can catch the full interview 701 00:38:38,960 --> 00:38:42,160 Speaker 1: on Bloomberg dot Com and on the Bloomberg terminal. Karen, 702 00:38:42,440 --> 00:38:44,600 Speaker 1: Thanks Nathan. It is five or day three on wall 703 00:38:44,680 --> 00:38:48,080 Speaker 1: Stream Time for our daily Bloomberg Law Brief, exploring legal 704 00:38:48,160 --> 00:38:50,560 Speaker 1: issues in the news. Today, we're looking at legal issues 705 00:38:50,600 --> 00:38:54,759 Speaker 1: around groundbreaking drugs that prevent HIV infection. The medicine may 706 00:38:54,800 --> 00:38:57,200 Speaker 1: be harder to get if a prominent Texas lawyer wins 707 00:38:57,200 --> 00:39:00,719 Speaker 1: a lawsuit that pits his client's religious beliefs against free 708 00:39:00,760 --> 00:39:04,080 Speaker 1: and nationwide access to the drugs. Jonathan Mitchell, the former 709 00:39:04,120 --> 00:39:07,160 Speaker 1: Republican Solicitor General of Texas, is something of a hero 710 00:39:07,320 --> 00:39:10,160 Speaker 1: of conservatives in the state. He was a lawyer behind 711 00:39:10,200 --> 00:39:13,680 Speaker 1: texas is strict abortion law that used an innovative tactic 712 00:39:13,960 --> 00:39:17,239 Speaker 1: allowing private citizens to seek ten thousand dollar bounties on 713 00:39:17,360 --> 00:39:20,120 Speaker 1: anyone who helps a woman get an abortion. For more 714 00:39:20,120 --> 00:39:22,840 Speaker 1: in the matter, June Grauso speaks to Bloomberg legal reporter 715 00:39:23,000 --> 00:39:27,160 Speaker 1: Eric Larson, who recently interviewed Mitchell. So now he's setting 716 00:39:27,360 --> 00:39:32,160 Speaker 1: his sights on HIV drugs. Yeah, there was a hearing 717 00:39:32,520 --> 00:39:35,799 Speaker 1: in federal court in Fort Worth, Texas, in which he's 718 00:39:35,840 --> 00:39:39,359 Speaker 1: trying to overturn a provision of the Affordable Care Act 719 00:39:39,600 --> 00:39:43,640 Speaker 1: for preventive services. So his lawsuit takes aim really at 720 00:39:43,640 --> 00:39:47,280 Speaker 1: the entire preventive services mechanism, which it covers a wide 721 00:39:47,440 --> 00:39:51,320 Speaker 1: range of things from polio vaccines to pre screenings for 722 00:39:51,400 --> 00:39:54,640 Speaker 1: pregnant women and children to screenings for cancer, all kinds 723 00:39:54,680 --> 00:39:57,480 Speaker 1: of preventive services that are covered in no cost under 724 00:39:57,520 --> 00:39:59,759 Speaker 1: the Affordable Care Act. But in the lawsuit he takes 725 00:39:59,840 --> 00:40:03,160 Speaker 1: the typic aims at a drug called prep which prevents 726 00:40:03,360 --> 00:40:07,160 Speaker 1: HIV infection, sort of a groundbreaking drug that was created 727 00:40:07,280 --> 00:40:10,720 Speaker 1: about a decade ago that had helped reduce the spread 728 00:40:10,760 --> 00:40:14,320 Speaker 1: of HIV and as of last year, has been added 729 00:40:14,440 --> 00:40:18,399 Speaker 1: to that preventive services list. So he's also taking aim 730 00:40:18,480 --> 00:40:22,799 Speaker 1: specifically a prep under the Religious Freedom Restoration Act. Why 731 00:40:22,920 --> 00:40:26,120 Speaker 1: is he aiming at this drug? His clients are a 732 00:40:26,239 --> 00:40:30,040 Speaker 1: few Christian owned companies and some individuals who are Christians 733 00:40:30,200 --> 00:40:34,320 Speaker 1: who say that the preventive services provision in the Affordable 734 00:40:34,360 --> 00:40:37,720 Speaker 1: Care Act, because PRUPP is covered in this, they believe 735 00:40:37,880 --> 00:40:40,960 Speaker 1: that buying a healthcare plan or offering a healthcare plan 736 00:40:41,239 --> 00:40:44,120 Speaker 1: required to cover this drug and no cost, makes them 737 00:40:44,200 --> 00:40:48,040 Speaker 1: complicit in what they say is homosexual behavior and that 738 00:40:48,160 --> 00:40:52,200 Speaker 1: it violates their religious freedom. Is Mitchell just a lawyer 739 00:40:52,360 --> 00:40:57,360 Speaker 1: representing his clients who happened to be conservative Christians or 740 00:40:57,680 --> 00:41:01,000 Speaker 1: is he a true believer? I guess I would say 741 00:41:01,280 --> 00:41:02,840 Speaker 1: it's a little bit of both. He seems to be 742 00:41:03,000 --> 00:41:06,400 Speaker 1: a true believer, clearly in the conservative cause of reducing 743 00:41:06,719 --> 00:41:09,040 Speaker 1: sort of the power and the reach of government and 744 00:41:09,160 --> 00:41:12,000 Speaker 1: things like that. I did not get the impression that 745 00:41:12,200 --> 00:41:16,360 Speaker 1: he was pushing that the particular religious agenda himself. He 746 00:41:16,480 --> 00:41:19,839 Speaker 1: really did afraid as him taking on these clients who 747 00:41:19,960 --> 00:41:22,840 Speaker 1: had these beliefs. But it is worth noting that he 748 00:41:23,000 --> 00:41:24,920 Speaker 1: is working on a lot of these cases that have 749 00:41:25,160 --> 00:41:28,960 Speaker 1: a similar scheme of trying to rein in the reach 750 00:41:29,360 --> 00:41:34,480 Speaker 1: of protections for the LGBTQ community, particularly after the Supreme 751 00:41:34,520 --> 00:41:39,800 Speaker 1: Court's landmark bus Stock ruling that prohibited discrimination against LGBTQ people. 752 00:41:40,080 --> 00:41:42,640 Speaker 1: They have several laws these pending in other cases that 753 00:41:42,760 --> 00:41:45,759 Speaker 1: are trying to have a religious carve out for those 754 00:41:45,800 --> 00:41:49,120 Speaker 1: in various ways. And he's also affiliated with an organization 755 00:41:49,160 --> 00:41:52,120 Speaker 1: called America First Legal, which of course was set up 756 00:41:52,239 --> 00:41:55,520 Speaker 1: by some former Trump administration folks like Steve Miller and 757 00:41:55,600 --> 00:41:58,680 Speaker 1: Mark Meadows sort of become the conservative answer to the 758 00:41:58,760 --> 00:42:02,080 Speaker 1: a c l U and filed lawsuits against the Biden 759 00:42:02,080 --> 00:42:07,200 Speaker 1: administration to wave off the progressive rule and laws. And 760 00:42:07,280 --> 00:42:10,920 Speaker 1: that's Bloomberg the Legal Reporter Eric Larson speaking with June Garrosso. 761 00:42:11,080 --> 00:42:13,560 Speaker 1: Catch more of that interview plus analysis of the latest 762 00:42:13,640 --> 00:42:16,800 Speaker 1: legal news by subscribing to the Bloomberg Law Podcast or 763 00:42:16,840 --> 00:42:20,640 Speaker 1: downloading the show at Bloomberg dot com slash podcast. Attorneys 764 00:42:20,680 --> 00:42:23,560 Speaker 1: can find exceptional legal research and business development tools at 765 00:42:23,600 --> 00:42:26,879 Speaker 1: Bloomberg Law dot com and on the Bloomberg terminal at 766 00:42:26,960 --> 00:42:31,400 Speaker 1: b Law Go SMP futures down at thirty one points 767 00:42:31,480 --> 00:42:34,080 Speaker 1: this morning down futures down one hundred seventy one and 768 00:42:34,160 --> 00:42:37,840 Speaker 1: Nasdag features down one hundred thirty and the tenure treasury 769 00:42:37,920 --> 00:42:40,800 Speaker 1: up eight thirties seconds, held two point five four percent 770 00:42:41,280 --> 00:42:43,920 Speaker 1: yield on the two year two point eight five percent. 771 00:42:44,239 --> 00:42:47,279 Speaker 1: Our top stories straight ahead. This is Bloomberg