Speaker 1: Live from the Bloomberg Interactive Burgers Studios. This is Bloomberg
Speaker 1: day Break for Tuesday. On his second two Coming up
Speaker 1: this our tensions escalate between the U S and China
Speaker 1: as Nancy Pelosi heads to Taiwan. Socks drop around the
Speaker 1: world on the news team, coverage is straight ahead. A
Speaker 1: top al Qaida leader is killed in a US drone strike,
Speaker 1: and another blowout earnings support by Big Oil. This time
Speaker 1: it's VP New York City, along with California to have
Speaker 1: declared the state of emergency because of Monkey Fox cases
Speaker 1: plus its primary day in five states. I'm Michael lare
Speaker 1: More Ahead. I'm John stash Own Sports another errand judge
Speaker 1: home running. The Yankees win seventh straight win for the Mets.
Speaker 1: Jacob de Graham pitches tonight. That's all strade ahead on
Speaker 1: Bloomberg day Break on Bloomberg eleven, Freeo, New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine
Speaker 1: sixties and Francisco Syrius XM one nineteen and around the
Speaker 1: world on Bloomberg Radio dot Com and via the Bloombird
Speaker 1: Business Actor. Good morning, I'm Nathan Hagard. And I'm Karen Moscow.
Speaker 1: How in US DOT index futures are following this morning?
Speaker 1: We are coming up to five A one on Wall Street,
Speaker 1: and we check the markets every fifteen minutes throughout the
Speaker 1: trading day. On Bloomberg SMP futures down twenty seven points, down,
Speaker 1: futures down one fifty five, and NASDAK futures down one
Speaker 1: hundred five. The decks in Germany's down seven tenths of
Speaker 1: per cent, the ten year treasury up six thirty seconds,
Speaker 1: yield two point five four percent, and a yield on
Speaker 1: the two year two point eight five percent. Nathan Karen
Speaker 1: will have more on markets in a minute, but first
Speaker 1: a major announcement from the White House. President Biden says
Speaker 1: a U. S. Drone strike in Afghanistan has killed one
Speaker 1: of the planners of the nine eleven attacks. I'm in
Speaker 1: Alswari was the leader of al Qaeda. No matter how
Speaker 1: long it takes, no matter where you hide, if you
Speaker 1: are a threat to our people, the United States will
Speaker 1: find you and take you out. Senior Administration official tells
Speaker 1: the drone strike had been planned for weeks and there
Speaker 1: were no civilian casualties. Well, Nathan, the strike comes about
Speaker 1: a year after the fall of Kabbal to the Taliban
Speaker 1: and the US military's hasty withdrawal from Afghanistan. Lester Munson,
Speaker 1: principle at the government relations firm b GR Group, says,
Speaker 1: it's important to look at the attack from that context.
Speaker 1: What else is happening in Afghanistan? What are the other
Speaker 1: consequences of our withdrawal. This is one event, It maybe
Speaker 1: a very significant one, but we do need to kind
Speaker 1: of put it in the constellation of all of the
Speaker 1: other information that we have. Lester Munson with b GR
Speaker 1: Groups spoke with our Washington corresponded Joe Matthew on Bloomberg's
Speaker 1: Sound on Catch the program weekdays at five pm Eastern
Speaker 1: on Bloomberg Radio. Well, another major story we're following at
Speaker 1: this our Karen is US house speaker Nancy Pelosi expected
Speaker 1: in Taiwan later this morning to find Chinese threats of
Speaker 1: military action. We get more from Bloomberg's Bruce Einhorn in
Speaker 1: Hong Kong. She has a long history going back to
Speaker 1: you know, the early days of her career as a
Speaker 1: China Hawk. She has a long record supporting human rights
Speaker 1: issues are related to China. She's met with the Doli Llama,
Speaker 1: She's met with Joshua Wang, the pro democracy activists from
Speaker 1: Hong Kong. She's met with ethnic wagers from Shinjong. So
Speaker 1: this is just in keeping with the long history of
Speaker 1: Nancy Pelosi's position when it comes to highlighting human rights
Speaker 1: issues democracy issues related to China. Bloomberg's Bruce ein Horn
Speaker 1: says Pelosi's trip would make her the highest ranking American
Speaker 1: politician to visit Taiwan in twenty five years. Well, Nathan,
Speaker 1: the escalating tension between the US and China is impacting markets.
Speaker 1: This morning, US features are lower and Asian stocks fell overnight.
Speaker 1: We get the recapt from Bloomberg's Juliet Sally and Singapore
Speaker 1: Good Morning, Julia, Good morning Karen. China cs I three
Speaker 1: extended it's July losses and is now down around nine
Speaker 1: percent from its June peak, moving closer towards the correction
Speaker 1: tai When the stocks also came under pressure. While the
Speaker 1: Taiwan dollar fell to a May twenty low against the
Speaker 1: green bag, investors flocked to save Haven's with the yen
Speaker 1: rising against the dollar for a fifth session, its longest
Speaker 1: winning streaks since April twenty twenty one, and Australian bonnes
Speaker 1: rose while the Aussie dropped as the ABBA became slightly
Speaker 1: less hawkish while still delivering another fifty basis point hike
Speaker 1: in Singapore Juliet Sally Bloomberg Daybreak, juliett Thanks. In Europe
Speaker 1: this morning, shares of VP are up more than three
Speaker 1: and a half percent. The oil giants second quarter adjusted
Speaker 1: net income was the highest since two thousand and eight.
Speaker 1: We get more from Bloomberg Intelligence senior energy analyst Will Hairs.
Speaker 1: This is a very big beat from BP and two
Speaker 1: Q eight and a half billion in adjusted earnings. This
Speaker 1: is roughly more than two billion than the street consensus
Speaker 1: had estimated. A big driver here has been there the
Speaker 1: oil trading division, which is not broken out by BP.
Speaker 1: The company cited they had exceptional oil trading returns, capturing
Speaker 1: value from some of that historic volatility we have seen
Speaker 1: well Hare's with Bloomberg Intelligence says VP also increased its
Speaker 1: dividend and accelerated share by backs. Well back here in
Speaker 1: the US, Nathan, shares of Pinterest are surging more than
Speaker 1: nine percent, as after Elliott Investment Management confirmed at Steak
Speaker 1: as the company's top shareholder. Let me get the story
Speaker 1: from Bloomberg's Charley Pillett. Elliott says it approves of the
Speaker 1: company's leadership. Sales at pin Trust increase nine percent to
Speaker 1: six hundred sixty five point nine million dollars in the
Speaker 1: second quarter. Pinterests that had had four hundred thirty three
Speaker 1: million monthly active users at the end of the period
Speaker 1: on June, about the same as in the previous quarter,
Speaker 1: but a five percent decline from a year earlier. In
Speaker 1: New York, Charlie Pellett Bloomberg taybreak all right, Charlie, thank you,
Speaker 1: and the earnings continue today. With more than forty companies
Speaker 1: reporting Uber Technology reports. This afternoon, we get a preview
Speaker 1: from Bloomberg's Tom Busby. Investors will focus on two things
Speaker 1: from the second quarter results out today, signs of how
Speaker 1: a shortage of drivers may have impacted its ride hailing
Speaker 1: business and how much it's food delivery unit Uber Eats
Speaker 1: may have suffered from rising food costs. Bloomberg and Census
Speaker 1: calls for revenue of seven point nine billion dollars at
Speaker 1: a loss of twenty five cents per share. Total losses
Speaker 1: forecast to be around four hundred million dollars. Tom Busby
Speaker 1: Bloomberg Daybreak. All right, Tom, thank you all. Another corporate
Speaker 1: news this morning. The legal moves are heating up in
Speaker 1: Twitter's case against Elon Musk. Can we get the latest
Speaker 1: line from Bloomberg's reneed a Young, Good morning, Randa, Good
Speaker 1: morning Karen. Twitter is probing the social circle of Elon Musk.
Speaker 1: Lawyers are making far reaching legal requests about his forty
Speaker 1: four billion dollar deal to take Twitter private. That's according
Speaker 1: to legal documents obtained by The Washington Post. Now, Twitter's
Speaker 1: legal team asked for information about Silicon Valley elite investors,
Speaker 1: including David Sex and Mark Andreson, and since some of
Speaker 1: the heavy hitters have not been named in the deal publicly,
Speaker 1: it suggests just how far Twitter is willing to go
Speaker 1: to force Elon Musk to honor the deal. That Twitter
Speaker 1: is also probing Morgan Stanley, Bank of America and other
Speaker 1: banks that committed to backing the acquisition. Live in New York,
Speaker 1: I'm renned a Young Bloomberg day Brea. Thanks you need
Speaker 1: to SMP futures now down twenty five point, Staff futures
Speaker 1: down a hundred forty five. Nasdaq feutures are lower by
Speaker 1: ninety nine points. The tenure. Treasury is up for thirty
Speaker 1: seconds yield two point five percent yield on the two year,
Speaker 1: two point eight five Straight ahead, your latest local headlines,
Speaker 1: and a check of sports. This is Bloomberg at five
Speaker 1: oh seven on Wall Street where it's seventy two degrees
Speaker 1: in Central Park. We got an overturn tractor trailer in
Speaker 1: northbound New Jersey Turnpike Exit seven. A details coming up
Speaker 1: in traffic. First Michael Barr with what else is going
Speaker 1: on in New York and around the world. Good morning, Michael,
Speaker 1: Good morning Nathan. New York City as declared a state
Speaker 1: of emergency as monkey pox cases continue to rise. A
Speaker 1: reporter grass Mayor Adams if the city has quote dropped
Speaker 1: the ball on its response, Adams says, it has done
Speaker 1: the best it could with tools it had. We will
Speaker 1: receive it less than we deserved. In vaccines, we advocated
Speaker 1: we utilize our direct communication with the White House to
Speaker 1: give more. About a quarter of all monkeypox cases in
Speaker 1: the United States are in New York City. An estimated
Speaker 1: one hundred fifty thousand New Yorkers are at risk of
Speaker 1: monkeypox exposure. California has declared a state of emergency to
Speaker 1: deal with the outbreak of monkeypox more in this live
Speaker 1: report from Bloomberg's John Tucker John Michael. Governor Gavin Newsom
Speaker 1: made the declaration to bolster the state's vaccine efforts. It
Speaker 1: makes California the second state in three days to take
Speaker 1: the step. Nearly eight hundred cases have been reported in
Speaker 1: the state. He says California will continue to work with
Speaker 1: the federal government to secure more vaccines, raise awareness about
Speaker 1: reducing risk, and stand with the LGBT community fighting stigmatization.
Speaker 1: This move does come after the similar declaration of New
Speaker 1: York State Saturday and in San Francisco Thursday. John Tucker,
Speaker 1: Bloomberg Day, John, Thank you, Sarah. It's primary day in
Speaker 1: five states. In Arizona, voters are choosing between candidates who
Speaker 1: say they wouldn't have certified the results of the campaign
Speaker 1: and those who argue it is time to move on.
Speaker 1: Other closely watched contests include races for Michigan's governor and
Speaker 1: Missouri senator. Voters in Kansas will be the first to
Speaker 1: design on abortion rights since the U. S. Supreme Court
Speaker 1: revoked Roe v. Wade. Washington state also holds primaries. The
Speaker 1: Ukrainian troops have made inroads into the Russian defenses and
Speaker 1: used US supplied rocket launchers to strike bridges and military
Speaker 1: infrastructure in the south. Moscow is diverting its forces from
Speaker 1: the Donbas region to counter the new threat. Global News
Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than hundred journalists and analysts in more
Speaker 1: than one twenty countries. Michael Barr and this is Bloomberg, Nathan.
Speaker 1: Thank you, Michael. Five oh nine on Ball Street time
Speaker 1: for the Bloomberg Sports Update. Good morning, John Stenshower. All right,
Speaker 1: good morning, Nathan. Has been such a great baseball season
Speaker 1: in New York through four months, and both teams began
Speaker 1: August with victories the Yankees seven to two for the
Speaker 1: Mets seven to three in Washington. They stretched their winning
Speaker 1: streak to seven the night after nineteen hits thirteen more
Speaker 1: four by Brandon Nemo home runs for Pete Alonzo and
Speaker 1: Francisco Lindor to back Max Scherzer. Vina's old team improved
Speaker 1: the seven and two. Mets fans have dreamt about the
Speaker 1: one two punch of Scherzer and Jacob de Graham, and
Speaker 1: the night after Scherzer, it's de Gram making his long
Speaker 1: anticipated season debut. Definitely excited. Um, you know, like you said,
Speaker 1: it's been a long time. Um, you know, this has
Speaker 1: been a pretty slow process of coming back. So um
Speaker 1: excited to be out there. Uh, nerves haven't really said
Speaker 1: in yet, but you know, I'm sure Tuesday, I'll be
Speaker 1: pretty nervous and uh have feeling's gonna feel like my debut. Meanwhile,
Speaker 1: let the stadium familiar script for the Yankees. Four home
Speaker 1: runs Anthony Rizzo three run homer before the Mariners recorded
Speaker 1: their first out. His twenty six and one in inlet
Speaker 1: Or Shure enough Aaron Judge is forty second. Jose Trevino
Speaker 1: hadded two solo shots to Mingo her mom got his
Speaker 1: first win, but he may be losing his spot on
Speaker 1: the rotation because the Yankees, before today's tread their trade deadline,
Speaker 1: acquired Frankie Montas from Oakland. They also got reliever Lou Trevino.
Speaker 1: They acquired another reliever, Scott Efrost, from the Cooks. The
Speaker 1: arbitrator hired to rule on de Shaun Watson game a
Speaker 1: six game suspension for his sexual missconduct with missuses, but
Speaker 1: under terms of the labor deal, the NFL, who wanted
Speaker 1: a longer suspension can appeal basically to themselves and then
Speaker 1: add more games and I could lead to a lawsuit
Speaker 1: by the unions of the Watson story likely not over yet.
Speaker 1: Johns nashwar Bloomberg Sports Nathan John thank you, SMP futures
Speaker 1: again down twenty six point staff features down a hundred
Speaker 1: forty two. Nastac features lower by a hundred points. The
Speaker 1: tenure Treasury is up four thirty seconds yield two point
Speaker 1: five five percent yield on the two year two point
Speaker 1: eight five percent. Nimex crewed lower by a third percent,
Speaker 1: or thirty one cents at ninety three dollar sixty cents
Speaker 1: a barrel. Komex scold up at tenth percent, up to
Speaker 1: forty at seventeen ounce. The Euro one point zero two
Speaker 1: four one against the dollar the end one thirty point
Speaker 1: nine eight Bitcoin down one point four percent twenty two
Speaker 1: thousand and eight hundred dollars. And you're listening to Bloomberg
Speaker 1: Day Break Bloomberg eleven three oh weather. Chance for a shower,
Speaker 1: thundershower today with a high neeer ninety degrees sunny, your
Speaker 1: ninety tomorrow sunny, hot, humid for Thursday with higher nine
Speaker 1: five Right now seventy two in Central Park Markets, headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot Com, the Bloomberg Business at and at Bloomberg Quick Tape.
Speaker 1: This is a Bloomberg Business Flash, and I'm Karen Moscow's
Speaker 1: docks in US Dock Index futures are falling amid escalating
Speaker 1: US China tension over Taiwan and deepening worries about a
Speaker 1: global economic slowdown, driving investors into the safety of government bonds.
Speaker 1: We check the markets every fifteen minutes throughout the trading day.
Speaker 1: On Bloomberg s and P Future is down twenty four
Speaker 1: points down, futures down a hundred thirty three nasdack futures
Speaker 1: down ninety four The decks in Germany's down six tenths
Speaker 1: of upper set, and your Treasury at five thirty seconds
Speaker 1: held two point five five per cent. They yield on
Speaker 1: the two year two point eight five per set. Night
Speaker 1: mex Screwed oil is down about two tenths per center
Speaker 1: eighteen cents at ninety three dollars seventy one cents of
Speaker 1: Barrel Comics gold is up about two tenths of upper
Speaker 1: center two dollars seventy cents at seventeen ninety announced, the
Speaker 1: euro one point oh two four one against the dollar,
Speaker 1: British found one point two two oh five and the
Speaker 1: end one thirty point nine five and Bitcoin is down
Speaker 1: when at a quarter percent at twenty two thousand, eight
Speaker 1: hundred forty dollars. Today, we are watching for the jolts
Speaker 1: jobs you report at a ten o'clock Wall Street time. Caterpillar, Starbucks,
Speaker 1: and Uber among companies scheduled to report earnings today. That's
Speaker 1: a Bloomberg business flash. Now here's Michael Barr with more
Speaker 1: on what's going on around the world. Michael, good morning,
Speaker 1: Good morning Karen. President Joe Biden has announced that al
Speaker 1: kind of leader I'm in al zaur Heerie was killed
Speaker 1: in a US drone strike in Cobble During an evening address.
Speaker 1: Biden is hailing the operation as delivering justice, while expressing
Speaker 1: hope that it brings one more measure of closure to
Speaker 1: the families of the victims of the nine eleven attacks.
Speaker 1: How Speaker Nancy Pelosi is expected to land in Taiwan
Speaker 1: in defiance of Chinese threats. The trip today would make
Speaker 1: Pelosi the highest ranking American politician to visit the island.
Speaker 1: In twenty five years. In baseball, the Yankees beat the
Speaker 1: Mariners seven to the Mets beat the Nationals seven three.
Speaker 1: The Red Sox and Orioles were also winners. The Giants
Speaker 1: lost to the Dodgers eight. To Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than twenty seven under journalists and analysts
Speaker 1: more than a twenty countries. Michael Barn this is Bloomberg.
Speaker 1: Nathan right, Michael. Thanks, It's five nineteen on Wall Street
Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg
Speaker 1: Daybreak on a morning where geo politics has been more
Speaker 1: in focus for markets than we've seen in quite some time.
Speaker 1: Let's bring in Joe Matthew this morning, Bloomberg Washington correspondent,
Speaker 1: host of Sound on Weekday is at five Eastern here
Speaker 1: on Bloomberg Radio. Joe, good morning. Let's start off with
Speaker 1: the breaking news that we got last night from President
Speaker 1: Biden that i'm an Oswahi is now off the battlefield.
Speaker 1: Do we have any more information about the strike that
Speaker 1: took him out? Well, we know it was a drone strike.
Speaker 1: A couple of missiles rockets were sent down. To the balcony.
Speaker 1: Apparently where he was standing, he stepped outside, I guess
Speaker 1: to get some fresh air, and those were the last
Speaker 1: breaths he took. What we don't know is where the
Speaker 1: intelligence came from. And this is something that we're very
Speaker 1: curious about because of the debate following our withdrawal from
Speaker 1: Afghanistan over what we call over the Horizon missions. This is,
Speaker 1: you know, the idea of sending drones in without having
Speaker 1: boots on the ground, without having troops there or intelligence
Speaker 1: personnel there, that we can from our satellites and technology
Speaker 1: uh be able to respond to threats against the United States.
Speaker 1: There were a lot of doubts about that, a lot
Speaker 1: of a lot of criticism of the administration upon the
Speaker 1: time of our withdrawal, and it it was an opportunity
Speaker 1: last night for the White House for Joe Biden to
Speaker 1: show that it actually worked and pretty remarkable to see
Speaker 1: him standing out on that balcony Nathan, because we have
Speaker 1: to remember he still technically has COVID. Made for a
Speaker 1: very pretty picture as he spoke to Americans last night,
Speaker 1: but it also reminded us what he's dealing with personally. Yeah,
Speaker 1: and it also reminded US, as you allude to of
Speaker 1: the hasty withdrawal from Afghanistan, and as you mentioned that,
Speaker 1: the idea that the US could still have a footprint
Speaker 1: and do those kinds of over the horizon attacks was
Speaker 1: a big part of the rationale for what has become
Speaker 1: a very unpopular decision by the President to move troops
Speaker 1: out after the Taliban took over a cobble. Is the
Speaker 1: White House sort of looking for some vindication here by
Speaker 1: actually showing that the leader of al Qaeda was taken out? Well, sure,
Speaker 1: I mean look like I said, it's it's an opportunity
Speaker 1: to respond to that criticism, which is now basically a
Speaker 1: year old. Uh And I don't think that the public
Speaker 1: sentiment was against removing troops. It was the style in
Speaker 1: which had happened. It was the way that things did
Speaker 1: not appear to be planned, the way it was conducted,
Speaker 1: and of course the deaths of thirteen Marines. But remember
Speaker 1: with regard to drone strikes, they remained controversial. Uh And
Speaker 1: and it was about a year ago that we killed
Speaker 1: ten civilians and had to apologize for that and what
Speaker 1: we thought was a counter terror strikes. So yes, this
Speaker 1: is an opportunity for the White House to say this
Speaker 1: type of mission can work. And obviously the other big
Speaker 1: source of tension this morning is the possibility that how
Speaker 1: Speaker Pelosi is going to arrive in Taiwan within hours.
Speaker 1: What's the latest there. Let spoke with John Kirby yesterday
Speaker 1: who speaks for the National Security Council of the White House,
Speaker 1: and his messaging was very deliberate. There's a precedent for
Speaker 1: this trip. Speakers of the House have gone before, albeit
Speaker 1: it it's been about a quarter century. And that the
Speaker 1: White House that the United States as a nation is
Speaker 1: making no change in policy towards China or the One
Speaker 1: China policy or Taiwan. This is status quo, and it
Speaker 1: is in fact Beijing that has been cranking up the
Speaker 1: rhetoric here. Uh. The White House, as you know, did
Speaker 1: not prefer this happened, Joe Biden said two weeks ago.
Speaker 1: The military didn't think it was a good idea. But
Speaker 1: the White House can't tell the Speaker what to do.
Speaker 1: On the other hand, the White House has to provide,
Speaker 1: or at least the administration as a whole Visavi the
Speaker 1: Pentagon must provide the transportation and security for her. It's
Speaker 1: gonna be flying in on an Air Force jet. So
Speaker 1: to suggest as well if the White House is watching
Speaker 1: this on the news with the rest of US is
Speaker 1: not very accurate. This is gonna take both sides of
Speaker 1: Pennsylvania Avenue. In our last minute here, Joe, we've gotten
Speaker 1: even more response from China. There was a briefing earlier
Speaker 1: this morning vowing resolute measures if Pelosi does visit Taiwan.
Speaker 1: We've had a ratcheting up of rhetoric here. What is
Speaker 1: the US preparing for in terms of perhaps something more
Speaker 1: than just rhetoric getting ratcheted. Yeah, it's been pretty hot,
Speaker 1: and they did name Pelosi in that briefing this morning.
Speaker 1: John Kirby told us yesterday some of the things that
Speaker 1: they're concerned about maybe another missile test labba couple of
Speaker 1: missiles uh into the ocean near Taiwan, which actually happened
Speaker 1: uh last time we sent a high ranking official there. Uh.
Speaker 1: Maybe there is more to it than that. Maybe we
Speaker 1: have a large scale incursion into Taiwan's airspace. That would
Speaker 1: be something we're typically testing those lines. But to have
Speaker 1: a number of jets, maybe a squadron from China fly
Speaker 1: over there, if not over the island itself, would be
Speaker 1: considered a very bold move. Keep in mind, the Pentagon
Speaker 1: is going to be flying escorts with Nancy Pelosi to
Speaker 1: make sure she gets in and out safely, and the
Speaker 1: chance for a mistake, the possibility of an error is
Speaker 1: what could be the biggest risk today. And we'll have
Speaker 1: much more from that interview that you did with a
Speaker 1: National Security Council spokesman John Kirby coming up here in
Speaker 1: about a half hour here on Bloomberg day Break. Joe
Speaker 1: Matthew or Washington correspondent, host of sound On. You can
Speaker 1: catch him every weekday evening five pm Eastern Time on
Speaker 1: Bloomberg Radio. And Joe'll be back up with us later
Speaker 1: on in this program on Bloomberg Daybreak. As we continue
Speaker 1: to follow developments with how Speaker Pelosi expected to arrive
Speaker 1: in Taiwan within hours ahead of that, futures are moving lower.
Speaker 1: We have SMP futures down twenty six point, STOW futures
Speaker 1: down a hundred forty seven. Nastack future is lower by
Speaker 1: a hundred one points. This is Bloomberg and Bloomberg day
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Speaker 1: Broadcasting live from the Bloomberg Interactive Broker Studio in New York,
Speaker 1: Bloomberg Living for You to Washington, d C. Bloomberg ninety
Speaker 1: one to Boston, Bloomberg one O six one to San Francisco,
Speaker 1: Bloomberg M sixty to the Country Sirius xm J A
Speaker 1: one nine team, and around the globe the Bloomberg Business
Speaker 1: and Bloomberg Radio dot Com. This is Bloomberg Daybreak. It's
Speaker 1: five thirty on Wall Street. Good morning. I'm Nathan Hagar
Speaker 1: and I'm Karen Moscow. We are just about four hours
Speaker 1: away from the open of US trading. Let's get you
Speaker 1: up to date on the news. You need to know
Speaker 1: what this show where Politics front and center this morning
Speaker 1: and the beginn of President Biden's addressed to the nation
Speaker 1: last night. The President said a US drone strike in
Speaker 1: Afghanistan has killed one of the planners of the nine
Speaker 1: eleven attacks. I'm in Alzowari was the leader of al Qaeda.
Speaker 1: President Biden thanked experts and operatives who brought justice to
Speaker 1: al Zawari is thanks to their extraordinary persistence of skill
Speaker 1: that this operation of success than it's all safer. President
Speaker 1: Biden said he authorized this strike and that there were
Speaker 1: no civilian casualties. Another major story we're following this morning, Karen,
Speaker 1: is Nancy Pelosi's visit to Taiwan. China is threatening military
Speaker 1: action over the visit, but the House Speakers should make
Speaker 1: the trip safely. That's according to US National Security Council
Speaker 1: spokesman John Kirby. We have indications that the Chinese might
Speaker 1: take some actions in a military way to protest a
Speaker 1: trip by the speaker. What I wanted to make clear
Speaker 1: today was that we are going to make sure that
Speaker 1: if the Speaker decides to go to Taiwan, she can
Speaker 1: do so safe. John Kirby with the National Security Council
Speaker 1: spoke with our Washington correspondent Joe Matthews. Stay tuned for
Speaker 1: more of that interview coming up shortly. The escalating tension
Speaker 1: between the US and China is impacting markets. Futures are
Speaker 1: lower and Asian stocks fell overnight. Well turned into corporate
Speaker 1: news now Nathan. Legal moves are heating up in Twitter,
Speaker 1: skates against Elon Musk and Bloomberg's Rnda Young joins us
Speaker 1: live with the latest. Good morning, Ready down, Good morning, Karen.
Speaker 1: Twitter is probing the circle social circle of Elon Musk.
Speaker 1: Lawyers are making far reaching legal requests about his forty
Speaker 1: four billion dollar deal to take Twitter private. That's according
Speaker 1: to legal documents obtained by The Washington Post. Now, Twitter's
Speaker 1: legal team asked for information about elite Silicon Valley investors
Speaker 1: like David Sacks and Mark and Reeson, and since some
Speaker 1: of the heavy hitters have not been named publicly in
Speaker 1: the deal, it suggests just how far Twitter is willing
Speaker 1: to go to force Elon Musk to honor the deal.
Speaker 1: Twitter is also probing Morgan Stanley, Bank of America and
Speaker 1: other banks that committed to backing the acquisition. Live in
Speaker 1: New York. I'm really need a Young Bloomberg daybreak, all right,
Speaker 1: we need to thank you. More than forty companies report
Speaker 1: earnings today, including Uber and Starbucks. Pinterest chairs are surging
Speaker 1: nine despite results that missed estimates. The jump followed Elliott
Speaker 1: Investment Management confirming its steak as the company's top shareholder,
Speaker 1: and again Nathan futures are lower. SNP Future is down
Speaker 1: twenty nine points. Down, futures down a hundred sixty six
Speaker 1: and Asdack futures down one ten year treasury up six
Speaker 1: thirty seconds, held two point five four percent. Try to
Speaker 1: head your latest local headlines plus a check of sports,
Speaker 1: and this is Bloomberg. Thanks on Wall Streets seventy one
Speaker 1: degrees in Central Park, overturned tractor trailer on the New
Speaker 1: Jersey Turnpike Nearks at seven A. And Michael Barr has
Speaker 1: more on what's going on in New York and around
Speaker 1: the world. Michael Nathan, thank you very much. New York
Speaker 1: City Mayor Eric Adams defended his city's response to monkey
Speaker 1: parks as cases rise. Adams declared a state of emergency
Speaker 1: over the virus. When asked whether the city quote draw
Speaker 1: the ball and its response, Adam says, the city is
Speaker 1: simultaneously dealing with multiple issues. We're moving together, of still
Speaker 1: getting people vaccinated for COVID and still dealing with the
Speaker 1: monkey pox that's coming in. Meanwhile, California's governor has declared
Speaker 1: a state of emergency to combat the monkey pox outbreak.
Speaker 1: More in this live report from Bloomberg's John Tucker. John
Speaker 1: Michael Nearly eight hundred cases of monkeypox have been reported
Speaker 1: in California. People getting six so far have mainly been
Speaker 1: men who have sex with men, though health officials note
Speaker 1: the virus can infect anyone. The emergency declaration in California
Speaker 1: comes after the similar one in New York State on
Speaker 1: Saturday and in San Francisco Thursday. San Francisco City officials
Speaker 1: have said the federal government has failed to deliver enough
Speaker 1: vaccines live in New York. I'm John Tucker, Bloomberg Daybreak, John,
Speaker 1: Thank you, sir. It is primary election day today in
Speaker 1: five states. In Kansas, abortion is on the ballot, with
Speaker 1: voters deciding whether residents should continue to have the right
Speaker 1: to an abortion under the state constitution. Pro choice, Canvasser,
Speaker 1: Jackie Clapper, whatever your views are on what do you
Speaker 1: believe restrictions or no restrictions or whatever. It's just women
Speaker 1: should be able to make that choice for themselves. However,
Speaker 1: this man supports amending the constitution taking away the right
Speaker 1: to an abortion. This isn't about abortion. It is about
Speaker 1: how do we want decisions made by a board of
Speaker 1: liberal judges with no input from the citizens of the
Speaker 1: state of Kansas. Michigan, Arizona, Missouri, and Washington State also
Speaker 1: hold Primaries Global News twenty four hours a day on
Speaker 1: air and on Bloomberg Quicktate, powered by more than twenty
Speaker 1: seven hundred journalists and analysts and more than one hundred
Speaker 1: twenty countries. Michael Barr and this is Bloomberg, Nathan, Thank you. Michael.
Speaker 1: On Wall Street, John stash Are has the Bloomberg Sports Update.
Speaker 1: All right, Nathan, lot of happy Mets fans as seven
Speaker 1: game winning Street kept and Jacob mcgraham on the Mountain
Speaker 1: Tonight Medicine. Washington led four three, but the game away six.
Speaker 1: Here's a drive for the year. Teth call left center,
Speaker 1: this one spot, fixt my go and it's gone up field,
Speaker 1: a three run homer to the opposite field, hit five
Speaker 1: Francisco and door. It's his eighteenth home run of the year.
Speaker 1: He is now at Reveden seven day, three runs. You
Speaker 1: see he has to call seven. Three of the final
Speaker 1: matchers who got the win. Patrick Corbin took the loss,
Speaker 1: his fifteenth loss of the season, and now it's de
Speaker 1: Graham baseball's best picture, but so often injured his first
Speaker 1: met starting more than a year, once Soto homeward officers
Speaker 1: or in what may have been his last game with
Speaker 1: the Nationals trade deadline six o'clock, Yank, He's busy. The
Speaker 1: day before they acquired three pictures a starter Frankie Montas.
Speaker 1: He comes from Oakland with reliever Loom Trevino, and they
Speaker 1: also added reliever Scott Frost. On the Cubs yankst and
Speaker 1: beat Seattle seven to two with the stadium second three
Speaker 1: run homeward. As many days for Anthony Rizzo came Perstiny
Speaker 1: This twenty six inning later, two run shot from Aaron
Speaker 1: Judge continues his torrid faces forty three omer two solo
Speaker 1: shots for Jose Travino. The Astros trying to catch the Yankees.
Speaker 1: They lost to the Red Sox usedon acquired catcher Kristin
Speaker 1: Vasque has from Boston and first baseman trade man Senior
Speaker 1: from Baltimore. NBA is investigating whether the next hampered and
Speaker 1: their Sonning the free agent Jalen Brunson Arizona, QB Caler
Speaker 1: Murray Seattle coach Pete Carroll all tested positive for COVID,
Speaker 1: and Greg Norman, who runs the Lift Tour, says they
Speaker 1: offered tiger Woods about seven hundred fifty million dollars and
Speaker 1: said no. John stash Our Bloomberg stats. Wow. Thank you
Speaker 1: John seven on Wall Street. Time for the tri State
Speaker 1: Business report with Bloomberg's d Cory American Dream. The Mall
Speaker 1: In Entertainment complex in New Jersey's meadow Lands has failed
Speaker 1: to make an interest payment that was due Monday on
Speaker 1: municipal bonds sold to help finance the venture. At eight
Speaker 1: point eight million dollar payment was due, according to a
Speaker 1: regulatory filing. Valley's has become an official sports vetting partner
Speaker 1: with the Yankees. Marketing benefits for Valleys inside Yankees Stadium
Speaker 1: include advertising on the outfield wall that lines the playing field,
Speaker 1: field facing walls on the main level bars and left
Speaker 1: and right field, the terrorist level ribbon board and led
Speaker 1: board throughout the Great Hall. The New York State Retirement
Speaker 1: Systems on nine and a half present annual return during
Speaker 1: the fiscal year ending in March, surpassing it's long term
Speaker 1: investment target. The games came before the worst of this
Speaker 1: year's stock market slide. They increased the value of the
Speaker 1: fund's assets to two hundred seventy two billion dollars. That's
Speaker 1: your Bloomberg Trying State Business Report. I'm Ed Corey. Thank you,
Speaker 1: Add five thirty eight on Wall Street Bloomberg Radio is
Speaker 1: on the air from San Francisco to New York, London
Speaker 1: to Hong Kong. Let's check in with our global news
Speaker 1: team for some of the top stories heard on our
Speaker 1: three hundred affiliate radio stations around the world. I've Steve's
Speaker 1: podas on K and X in Los Angeles. We're talking
Speaker 1: about a post pandemic slowdown at GameMaker, Actor Vision Blizzards
Speaker 1: on Courtney Donahoe. On kt r H in Houston, consumers
Speaker 1: spent more than they earned in the last six months.
Speaker 1: I'm Gina Servetti and for w b d M in Chicago,
Speaker 1: we're watching for earnings from Caterpillar. I'm Caroline Hepfilm Bloomberg,
Speaker 1: DAB Disturbed and Lonson. We've been reputting on Bump results
Speaker 1: for VP, whose coarsely profits came in one point seven
Speaker 1: billion dollars higher than expect it. I made Corey on
Speaker 1: w w J in Detroit. I'm reporting twenty three small
Speaker 1: manufactories in Michigan have been awarded grants to help them
Speaker 1: adopt new technology. And those are some of the stories
Speaker 1: are twenty seven hundred Bloomberg journalists and analysts are working
Speaker 1: on this morning around the world. It's five thirty nine
Speaker 1: on Wall Street. The following is an editorial from Bloomberg Opinion.
Speaker 1: This editorial was written by the Bloomberg Editorial Board. After
Speaker 1: months of debate, the two hundred eighty billion dollar Chips
Speaker 1: and Science Act passed both chambers of Congress last week.
Speaker 1: Some aspects of the bill should be uncontroversial. Its proposal
Speaker 1: to boost funding for the National Science Foundation, for instance,
Speaker 1: Yet the bill also devotes an astonishing amount, some fifty
Speaker 1: two billion dollars to propping up the U S semiconductor
Speaker 1: manufacturing industry. It's all too easy to imagine government dependent
Speaker 1: chipmakers demanding yet more handouts a decade down the line.
Speaker 1: Congress can head off this threat with some pro competitive reforms,
Speaker 1: including expanding free trade deals and scrapping tariffs. Beyond that,
Speaker 1: lawmakers must be mindful about how all this new cash
Speaker 1: is being spent and ensure that a one time splurge
Speaker 1: doesn't turn into a permanent subsidy. This editorial was written
Speaker 1: by the Bloomberg Editorial Board. For more Bloomberg opinion, please
Speaker 1: go to Bloomberg dot com, slash Opinion or O P
Speaker 1: I N go on the Bloomberg terminal. This has been
Speaker 1: Bloomberg opinion and you can hear Bloomberg opinion editorials every weekday.
Speaker 1: At this time, terminal customers can read more and O
Speaker 1: P I n GO future is moving lower. SMP futures
Speaker 1: down twenty eight points down, futures down a hundred fifty seven.
Speaker 1: NASTACK futures are lower by a hundred eight points ten
Speaker 1: Your treasury yield two point. This is Bloomberg Bloomberg eleven
Speaker 1: three oh weather sunshine, but can't rule out a shower,
Speaker 1: a thundershower with a high your ninety degrees mostly sunny
Speaker 1: near nine tomorrow, mid nineties sunny, hot, humid for Thursday
Speaker 1: right now seventy one in Central Park Markets, headlines and
Speaker 1: breaking news twenty four hours a day at Bloomberg dot com,
Speaker 1: the Bloomberg Business at, and at Bloomberg Quick Tape. This
Speaker 1: is a Bloomberg business lash and I'm Cameron Moscow. Stocks
Speaker 1: in US stock index futures are falling him at escalating
Speaker 1: US China, at tension over Taiwan and deepening worries about
Speaker 1: a global economic slowdown, driving investors into the safety of
Speaker 1: government bonds. We checked the markets every fifteen minutes throughout
Speaker 1: the trading day on bloomberg S and P futures down
Speaker 1: twenty six points now futures at a hundred forty four
Speaker 1: and NAS day futures down a hundred four. The decks
Speaker 1: in Germany is down six tenths of upper cent ten.
Speaker 1: Your treasury up six thirty seconds. He'l two point five
Speaker 1: four percent field on the two year is a two
Speaker 1: point eight five percent. Noimex screwed oil is down half
Speaker 1: percent or forty three cents and ninety three dollars forty
Speaker 1: six cents in barrel and comex schoold is up two
Speaker 1: tens per cent or three dollars fifty cents is s ounce.
Speaker 1: That's a Bloomberg business flash. Now here's Michael Barr with more.
Speaker 1: I'm let's going on around the world. Michael Karen, thank
Speaker 1: you very much. President Biden says that a US air
Speaker 1: strike killed al Qaida leader. I'm in al Zaur hearing
Speaker 1: in a drone strike. The White House says the Kainda
Speaker 1: leader was essentially provided safe harbor in downtown Cobble by
Speaker 1: senior leaders of the Taliban network. How Speaker Nancy Pelosi
Speaker 1: continues her Asia trip and in a here she will
Speaker 1: make a controversial stop in Taiwan. China warns that it
Speaker 1: would never sit idly by if Pelosi goes through with
Speaker 1: a visit to Taiwan, which Seana claims as its own.
Speaker 1: In baseball, the Yankees beat the Mariners seven to seven
Speaker 1: straight wins, where the Mats after beating the national seven three.
Speaker 1: The Red Sox and Orioles were also winners. The Giants
Speaker 1: lost to the Dodgers. A too global news twenty four
Speaker 1: hours a day on air and on Bloomberg Quittake, powered
Speaker 1: by more than twenty seven hundred journalists and analysts in
Speaker 1: more than one hundred twenty countries. I'm Michael Barr, and
Speaker 1: this is Bloomberg, Nathan. Thank you, Michael. It's almost five
Speaker 1: forty nine on Wall Street Live from the Bloomberg Interactive
Speaker 1: Brokers Studios. This is Bloomberg Daybreak. I'm Nathan Hagar. The
Speaker 1: White House is seeking to dial back rising tensions with
Speaker 1: China over how Speaker Nancy Pelosi's expected visit to Taiwan.
Speaker 1: There he would make Pelosi the highest ranking US officials
Speaker 1: to set foot on the island in twenty five years.
Speaker 1: Ahead of the visit, Bloomberg's Joe Matthew Caroline Hyde and
Speaker 1: Taylor Riggs spoke with US nash Security Council spokesperson John Kirby.
Speaker 1: He insists Pelosi's travel plans do not signal a change
Speaker 1: in the U S posture towards Taiwan, and he urged
Speaker 1: Beijing to refrain from an aggressive response. Here is part
Speaker 1: of that interview. You made clear that Speaker Pelosi has
Speaker 1: precedent for this trip and that there has been no
Speaker 1: change in US China policy. Why then, did President Biden
Speaker 1: suggest a couple of weeks ago that the US military
Speaker 1: thought this might be a bad time for her to go.
Speaker 1: I think the President was answering her question you got
Speaker 1: from a reporter that surrounded her the context of the
Speaker 1: kinds of information we give to Speaker Pelosi before she travels.
Speaker 1: We met with her staff and with her at various
Speaker 1: levels before she made this trip to make sure that
Speaker 1: she could make the best decisions on her own. That
Speaker 1: she had all the information and context she needed, and
Speaker 1: the President was referencing that. But it is up to
Speaker 1: this speaker she gets to decide what her travel itinerary
Speaker 1: looks like. The President respects that you mentioned the fact
Speaker 1: that there were live fire exercises conducted by China last night,
Speaker 1: and you said that the country is positioning itself to
Speaker 1: potentially take further steps in the coming days. I spoke earlier,
Speaker 1: Admiral today with Defense Secretary Mark Esper who suggested that
Speaker 1: the U. S. S. Ronald Reagan was sent to the
Speaker 1: region in case Speaker Pelosi did visit Taiwan. Is that accurate? No,
Speaker 1: Ronald Reagan UH is already forward deployed to the region
Speaker 1: her her UH activities in the South China. See we're
Speaker 1: long planned. Um. We keep a vigilant posture in the
Speaker 1: end Pacific because we need to. But it was not
Speaker 1: related to any potential visit by Speaker Pelosi. We know,
Speaker 1: of course that you've just said that the United States
Speaker 1: has no interest in increasing tensions over Taiwan. But this
Speaker 1: does increase tensions, and what therefore do you have to
Speaker 1: do about it. I would let the Chinese speak for
Speaker 1: the degree to which they feel this is increasing tensions.
Speaker 1: I would just remind that a Speaker of the House
Speaker 1: has gone before in the mid nineties ago though Adam,
Speaker 1: members of Members of Congress routinely go to Taiwan as
Speaker 1: is their right. UH. This doesn't if she goes, and
Speaker 1: I'm not confirming whether she will or not. It's not
Speaker 1: going to violate any sovereignty issues, It's not going to
Speaker 1: violate territory integrity. As the Chinese spokesman alluded to. It
Speaker 1: will simply be a move in keeping very consistent with
Speaker 1: American policy now for decades, nothing's changed about our adherence
Speaker 1: to the One China policy, and nothing has changed about
Speaker 1: our commitments to helping Taiwan self defense on the Taiwan
Speaker 1: Relations Act. And the Speaker's trip is in the context
Speaker 1: of that very stable, very solid, very consistent American policy.
Speaker 1: How do you, from a national security perspective prepare if
Speaker 1: China follow us through with what they've said of there
Speaker 1: will be consequences to this. I'm not going to speculate
Speaker 1: here or hypothesize, and I'm certainly not gonna say anything
Speaker 1: that gets ahead of where we are right now. What
Speaker 1: we said today was we're watching this very very closely,
Speaker 1: and we have indications that the Chinese might take some actions,
Speaker 1: uh in a military way, to protest a trip by
Speaker 1: the Speaker. They can talk about what they want to do.
Speaker 1: What I wanted to make clear today was that we
Speaker 1: are going to make sure that if the Speaker decides
Speaker 1: to go to Taiwan, she can do so safely and securely.
Speaker 1: And number two, that we are able and continue to
Speaker 1: be able to meet our ample security commitments in the
Speaker 1: region responsibilities that we have. The President takes that very
Speaker 1: very seriously. But look, there's no reason for this to
Speaker 1: come to blows. There's no reason for this to erupt
Speaker 1: into some sort of conflict. There's no reason for the
Speaker 1: Chinese to use a potential visit by the Speaker of
Speaker 1: House as some sort of pretext to escalate tensions higher
Speaker 1: than they already are. And I would remind you that
Speaker 1: in recent days and weeks, it is the Chinese side
Speaker 1: that has, through their rhetoric and their activities, including this
Speaker 1: live fire exercise, the ones that are escalating the tensions.
Speaker 1: Abel Kirby, you have preferred a few times, as you
Speaker 1: did in the briefing today, about consultations that the administration
Speaker 1: had with Speaker Pelosi's office. Did you discuss any sort
Speaker 1: of overt actions or news conferences or any activities that
Speaker 1: that she might be reluctant to conduct while there so
Speaker 1: as to not inflame tensions. Our job is to make
Speaker 1: sure she has all the information she needs and to
Speaker 1: make sure from a security perspective that she can make
Speaker 1: a trip wherever it is safely and securely. The Speaker
Speaker 1: decides what she's gonna do, where she's gonna go, what
Speaker 1: she's gonna say when she's on the ground. Um, we
Speaker 1: simply provided her information and context so that she can
Speaker 1: make decisions about her travel. And that was National Security
Speaker 1: Council spokesman John Kirby speaking with Bloomberg's Shoe Matthew, Caroline Hyde,
Speaker 1: and Taylor Riggs ahead of House Speaker Nancy Pelosi's expected
Speaker 1: visit to Taiwan. Today. You can catch the full interview
Speaker 1: on Bloomberg dot Com and on the Bloomberg terminal. Karen,
Speaker 1: Thanks Nathan. It is five or day three on wall
Speaker 1: Stream Time for our daily Bloomberg Law Brief, exploring legal
Speaker 1: issues in the news. Today, we're looking at legal issues
Speaker 1: around groundbreaking drugs that prevent HIV infection. The medicine may
Speaker 1: be harder to get if a prominent Texas lawyer wins
Speaker 1: a lawsuit that pits his client's religious beliefs against free
Speaker 1: and nationwide access to the drugs. Jonathan Mitchell, the former
Speaker 1: Republican Solicitor General of Texas, is something of a hero
Speaker 1: of conservatives in the state. He was a lawyer behind
Speaker 1: texas is strict abortion law that used an innovative tactic
Speaker 1: allowing private citizens to seek ten thousand dollar bounties on
Speaker 1: anyone who helps a woman get an abortion. For more
Speaker 1: in the matter, June Grauso speaks to Bloomberg legal reporter
Speaker 1: Eric Larson, who recently interviewed Mitchell. So now he's setting
Speaker 1: his sights on HIV drugs. Yeah, there was a hearing
Speaker 1: in federal court in Fort Worth, Texas, in which he's
Speaker 1: trying to overturn a provision of the Affordable Care Act
Speaker 1: for preventive services. So his lawsuit takes aim really at
Speaker 1: the entire preventive services mechanism, which it covers a wide
Speaker 1: range of things from polio vaccines to pre screenings for
Speaker 1: pregnant women and children to screenings for cancer, all kinds
Speaker 1: of preventive services that are covered in no cost under
Speaker 1: the Affordable Care Act. But in the lawsuit he takes
Speaker 1: the typic aims at a drug called prep which prevents
Speaker 1: HIV infection, sort of a groundbreaking drug that was created
Speaker 1: about a decade ago that had helped reduce the spread
Speaker 1: of HIV and as of last year, has been added
Speaker 1: to that preventive services list. So he's also taking aim
Speaker 1: specifically a prep under the Religious Freedom Restoration Act. Why
Speaker 1: is he aiming at this drug? His clients are a
Speaker 1: few Christian owned companies and some individuals who are Christians
Speaker 1: who say that the preventive services provision in the Affordable
Speaker 1: Care Act, because PRUPP is covered in this, they believe
Speaker 1: that buying a healthcare plan or offering a healthcare plan
Speaker 1: required to cover this drug and no cost, makes them
Speaker 1: complicit in what they say is homosexual behavior and that
Speaker 1: it violates their religious freedom. Is Mitchell just a lawyer
Speaker 1: representing his clients who happened to be conservative Christians or
Speaker 1: is he a true believer? I guess I would say
Speaker 1: it's a little bit of both. He seems to be
Speaker 1: a true believer, clearly in the conservative cause of reducing
Speaker 1: sort of the power and the reach of government and
Speaker 1: things like that. I did not get the impression that
Speaker 1: he was pushing that the particular religious agenda himself. He
Speaker 1: really did afraid as him taking on these clients who
Speaker 1: had these beliefs. But it is worth noting that he
Speaker 1: is working on a lot of these cases that have
Speaker 1: a similar scheme of trying to rein in the reach
Speaker 1: of protections for the LGBTQ community, particularly after the Supreme
Speaker 1: Court's landmark bus Stock ruling that prohibited discrimination against LGBTQ people.
Speaker 1: They have several laws these pending in other cases that
Speaker 1: are trying to have a religious carve out for those
Speaker 1: in various ways. And he's also affiliated with an organization
Speaker 1: called America First Legal, which of course was set up
Speaker 1: by some former Trump administration folks like Steve Miller and
Speaker 1: Mark Meadows sort of become the conservative answer to the
Speaker 1: a c l U and filed lawsuits against the Biden
Speaker 1: administration to wave off the progressive rule and laws. And
Speaker 1: that's Bloomberg the Legal Reporter Eric Larson speaking with June Garrosso.
Speaker 1: Catch more of that interview plus analysis of the latest
Speaker 1: legal news by subscribing to the Bloomberg Law Podcast or
Speaker 1: downloading the show at Bloomberg dot com slash podcast. Attorneys
Speaker 1: can find exceptional legal research and business development tools at
Speaker 1: Bloomberg Law dot com and on the Bloomberg terminal at
Speaker 1: b Law Go SMP futures down at thirty one points
Speaker 1: this morning down futures down one hundred seventy one and
Speaker 1: Nasdag features down one hundred thirty and the tenure treasury
Speaker 1: up eight thirties seconds, held two point five four percent
Speaker 1: yield on the two year two point eight five percent.
Speaker 1: Our top stories straight ahead. This is Bloomberg