1 00:00:01,440 --> 00:00:04,800 Speaker 1: From the Bloomberg Interactive Burger Studios. This is Bloomberg day 2 00:00:04,840 --> 00:00:09,400 Speaker 1: Break for Wednesday two. Coming up this hour, President Biden 3 00:00:09,480 --> 00:00:13,040 Speaker 1: reacts to another deadly school shooting. We will not forget. 4 00:00:13,680 --> 00:00:16,919 Speaker 1: We can do so much more. We have to do more. 5 00:00:17,200 --> 00:00:20,720 Speaker 1: Plus candidates fact by Donald trumple loose and win primaries 6 00:00:20,760 --> 00:00:23,320 Speaker 1: in Georgia, and the FED releases minutes from its May 7 00:00:23,400 --> 00:00:25,800 Speaker 1: policy meeting. The n y p D says there has 8 00:00:25,840 --> 00:00:28,360 Speaker 1: been an arrest in a deadly subway shooting. Plus the 9 00:00:28,400 --> 00:00:31,200 Speaker 1: second ship in the Baby formula and overseas arrives in 10 00:00:31,280 --> 00:00:33,800 Speaker 1: the US today. I'm Michael blar more a half. I 11 00:00:33,960 --> 00:00:36,640 Speaker 1: was got Sevomburg, the Rangers even up their playoff series, 12 00:00:36,640 --> 00:00:39,120 Speaker 1: the Yankees staff there losing shriek, and the Mets losing 13 00:00:39,200 --> 00:00:41,720 Speaker 1: wild Water out West. I'll have that more coming up 14 00:00:41,720 --> 00:00:47,000 Speaker 1: in sports. That's all s training head on Bloomberg Daybreak 15 00:00:47,320 --> 00:00:51,640 Speaker 1: on Bloomberg eleven three on New York, Bloomberg one, Washington, 16 00:00:51,760 --> 00:00:55,800 Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine sixty, 17 00:00:55,880 --> 00:01:00,000 Speaker 1: San Francisco, Sirius XAM one nineteen and around the world 18 00:01:00,000 --> 00:01:03,120 Speaker 1: Old on Bloomberg Radio dot Com and via the Bloomberg 19 00:01:03,120 --> 00:01:10,080 Speaker 1: Business app and good morning. I'm Karen Moscow and I'm 20 00:01:10,160 --> 00:01:12,320 Speaker 1: John Tucker Bloomberg Day Gregg being drunt you by B 21 00:01:12,440 --> 00:01:15,920 Speaker 1: and Y Melon. Persian's Inside Conference back in person June 22 00:01:15,959 --> 00:01:19,760 Speaker 1: fifteenth through the seventeenth at the Gaylord Resort in Grapevine, Texas. 23 00:01:20,080 --> 00:01:22,280 Speaker 1: Don't miss it. Runches are now at the inside dot 24 00:01:22,560 --> 00:01:25,679 Speaker 1: B and y Melon dot com, and US futures are 25 00:01:25,720 --> 00:01:29,120 Speaker 1: a little change this morning. Ten year Treasury also little changed, 26 00:01:29,160 --> 00:01:31,560 Speaker 1: up one thirty second yell two point seven four percent 27 00:01:31,680 --> 00:01:34,000 Speaker 1: yield on the two year two point five one percent. 28 00:01:34,480 --> 00:01:36,399 Speaker 1: Nine X screwed oil is at one and a half 29 00:01:36,400 --> 00:01:38,680 Speaker 1: percent of a dollar sixty nine and a hundred eleven 30 00:01:38,680 --> 00:01:41,000 Speaker 1: dollars forty six cents in barrel. And look at a 31 00:01:41,080 --> 00:01:43,800 Speaker 1: bitcoin this morning. It's higher a more than one percent, 32 00:01:43,840 --> 00:01:47,000 Speaker 1: at twenty nine eight hundred dollars. John and Karen will 33 00:01:47,000 --> 00:01:49,440 Speaker 1: have more on the markets in a minute. First, the 34 00:01:49,480 --> 00:01:52,639 Speaker 1: latest on the deadly shooting at the US grade school, 35 00:01:53,080 --> 00:01:56,320 Speaker 1: the deadliest shooting at a US grade school since Sandy 36 00:01:56,360 --> 00:02:00,200 Speaker 1: Hook Elementary in Connecticut. At least nineteen children at two 37 00:02:00,280 --> 00:02:03,640 Speaker 1: adults were killed by an eighteen year old gunman at 38 00:02:03,640 --> 00:02:07,120 Speaker 1: a Texas elementary school. The shooting is drawn emotional and 39 00:02:07,240 --> 00:02:11,600 Speaker 1: angry reaction from President Biden. Bloomberg's at Baxter has more 40 00:02:12,080 --> 00:02:15,560 Speaker 1: Biden tapping into the anguish to lose a child, It 41 00:02:15,680 --> 00:02:19,440 Speaker 1: was like having a soul rot and pivoting quickly to 42 00:02:19,520 --> 00:02:22,400 Speaker 1: gun control. As a nation. We have to ask when 43 00:02:22,560 --> 00:02:25,560 Speaker 1: in God's name we're going to stand up to the 44 00:02:25,600 --> 00:02:29,040 Speaker 1: gun Mommy and answers when we passed his saw weapons pan, 45 00:02:29,960 --> 00:02:34,960 Speaker 1: mass shootings went down. When the law expired, mass shootings triple, 46 00:02:35,200 --> 00:02:37,960 Speaker 1: the President saying it's time for Congress to move back 47 00:02:38,280 --> 00:02:41,040 Speaker 1: in San Francisco, I'm at Baxter Bloomberg day break. All right, 48 00:02:41,080 --> 00:02:44,000 Speaker 1: thanks said, And in the interest of transparency, we should 49 00:02:44,000 --> 00:02:47,200 Speaker 1: know Blankael Bloomberg, founder majority owner of Bloomberg Elpy, the 50 00:02:47,200 --> 00:02:49,440 Speaker 1: parent of Bloomberg Radio, is a donor to groups that 51 00:02:49,520 --> 00:02:53,200 Speaker 1: support gun control. Well. The Texas shooting took place just 52 00:02:53,360 --> 00:02:55,800 Speaker 1: ten days after a gun and opened fire at a 53 00:02:55,840 --> 00:02:59,960 Speaker 1: Buffalo supermarket in a racist attack. Anger overflowed among Amerry 54 00:03:00,000 --> 00:03:03,040 Speaker 1: agains who have long demanded legislation to prevent gun violence. 55 00:03:03,200 --> 00:03:07,280 Speaker 1: Bloomberg Politics contributor Genie she haan Zano discussed the issue 56 00:03:07,320 --> 00:03:10,680 Speaker 1: with Bloomberg Joe Matthew, It's never too early to start 57 00:03:10,680 --> 00:03:14,400 Speaker 1: talking solutions because this is not again an isolated incident. 58 00:03:14,520 --> 00:03:18,200 Speaker 1: This change of politics good backfire, It can backfire, but 59 00:03:18,280 --> 00:03:22,160 Speaker 1: you know what that should be nobody's concern, and particularly 60 00:03:22,240 --> 00:03:24,800 Speaker 1: this presidents. This is going on and on. It has 61 00:03:24,840 --> 00:03:27,600 Speaker 1: to be addressed. The problem is can you move anything 62 00:03:27,680 --> 00:03:30,640 Speaker 1: like this through the US Congress today? And sadly the 63 00:03:30,680 --> 00:03:34,840 Speaker 1: answer is no. Bloomberg Politics contributor Genie she hans Zano 64 00:03:34,920 --> 00:03:37,400 Speaker 1: speaking with Joe Matthew on Bloomberg Sound On. Catch the 65 00:03:37,400 --> 00:03:40,120 Speaker 1: program weekdays at five pm Eastern on Bloomberg. Right you, 66 00:03:40,440 --> 00:03:43,720 Speaker 1: And another major story we're following this morning, the key 67 00:03:43,760 --> 00:03:46,960 Speaker 1: primary races across the country. We begin to Georgia, where 68 00:03:47,000 --> 00:03:50,240 Speaker 1: Candida is backed by President Donald Trump, had both won 69 00:03:50,440 --> 00:03:55,040 Speaker 1: and lost. Amy Morris has details from our Bloomberg newsroom 70 00:03:55,160 --> 00:03:59,000 Speaker 1: in Washington. Georgia Governor Brian Kemp and Secretary of State 71 00:03:59,040 --> 00:04:02,880 Speaker 1: Brad Ravensburger, both targets of former President Donald Trump, both 72 00:04:02,920 --> 00:04:06,440 Speaker 1: won their primaries. Camp beat David Purdue with seventy three 73 00:04:06,440 --> 00:04:08,680 Speaker 1: point seven percent of the vote, and we'll face off 74 00:04:08,720 --> 00:04:13,040 Speaker 1: against Democrats Stacy Abrams, who ran unopposed Ravensburger beat Jodie 75 00:04:13,080 --> 00:04:15,240 Speaker 1: his with fifty two point two percent of the vote. 76 00:04:15,480 --> 00:04:18,960 Speaker 1: Former football great Herschel Walker, who was also backed by Trump, 77 00:04:19,160 --> 00:04:22,120 Speaker 1: won the GOP Senate primary with sixty eight point three 78 00:04:22,120 --> 00:04:25,320 Speaker 1: percent of the vote, and he'll face Democrat incumbent Raphael Warnock, 79 00:04:25,440 --> 00:04:27,719 Speaker 1: who won with nearly nineties six percent of the vote. 80 00:04:27,839 --> 00:04:31,160 Speaker 1: Marjorie Taylor Green one her GOP House primary with sixty 81 00:04:31,200 --> 00:04:33,719 Speaker 1: nine point five percent of the vote in Washington. I'm 82 00:04:33,720 --> 00:04:36,080 Speaker 1: Amy Morris, Bloomberg Daybreak. All right, Amy, thank you. We 83 00:04:36,160 --> 00:04:38,760 Speaker 1: continue our team coverage of those primary races now, but 84 00:04:38,800 --> 00:04:41,240 Speaker 1: they'll get some other results and Bloomberg's rned A Young 85 00:04:41,360 --> 00:04:44,400 Speaker 1: joins US Live with Moore. Good morning, Nita, Karen, Good morning. 86 00:04:44,480 --> 00:04:48,160 Speaker 1: The Republican Senate primary heads into a runoff in Alabama 87 00:04:48,400 --> 00:04:52,239 Speaker 1: with Katie Britt and US Representative Moe Brooks. Britt garnered 88 00:04:52,839 --> 00:04:55,560 Speaker 1: percent of the vote to twenty nine percent for Brooks. 89 00:04:55,920 --> 00:04:59,359 Speaker 1: Former White House Press Secretary Sarah Sanders wins the GOP 90 00:04:59,480 --> 00:05:03,360 Speaker 1: nomination for governor in Arkansas with three of the vote, 91 00:05:03,640 --> 00:05:07,560 Speaker 1: and Texas Attorney General Ken Paxton wins the GOP nomination 92 00:05:07,600 --> 00:05:10,719 Speaker 1: for re election with nearly sixty eight percent of the vote. 93 00:05:11,000 --> 00:05:13,960 Speaker 1: He was up against a member of the Bush political dynasty, 94 00:05:14,279 --> 00:05:17,760 Speaker 1: beating George P. Bush in the contest. Paxton is still 95 00:05:17,839 --> 00:05:22,880 Speaker 1: under indictment for securities fraud and an FBI investigation. Live 96 00:05:22,880 --> 00:05:25,279 Speaker 1: in New York, I'm gonna need a young Bloomberg day break, 97 00:05:25,440 --> 00:05:28,600 Speaker 1: and turning to the markets. US futures right now, they 98 00:05:28,640 --> 00:05:31,480 Speaker 1: are higher following a late day roundy on Wall Street 99 00:05:31,760 --> 00:05:34,080 Speaker 1: which saw the down Jones industrial average, clothes higher in 100 00:05:34,120 --> 00:05:37,160 Speaker 1: the s and P five hundred pair losses. FED policy 101 00:05:37,200 --> 00:05:40,160 Speaker 1: continues to dominate market moves, and today we're gonna get 102 00:05:40,160 --> 00:05:43,279 Speaker 1: more clues on how high interest rates may go and 103 00:05:43,360 --> 00:05:46,720 Speaker 1: how fast. The FED releases minutes from its policy meeting 104 00:05:46,720 --> 00:05:50,520 Speaker 1: at two pm Wall Street time. Bloomberg's Michael McKee has details, 105 00:05:50,839 --> 00:05:53,960 Speaker 1: and unusually open FED has all that promised to consecutive 106 00:05:54,000 --> 00:05:57,479 Speaker 1: half percentage point RADI increases in June and July. What 107 00:05:57,600 --> 00:06:01,320 Speaker 1: they haven't publicly agreed on is what howapens after that. 108 00:06:01,320 --> 00:06:03,640 Speaker 1: That's why investors and endlysts will be parsing the minutes 109 00:06:03,680 --> 00:06:06,599 Speaker 1: of their main meeting for clues to how far FED 110 00:06:06,640 --> 00:06:10,279 Speaker 1: officials think they need to go and how quickly something 111 00:06:10,320 --> 00:06:13,279 Speaker 1: else to look for move away from discussing the concept 112 00:06:13,320 --> 00:06:17,480 Speaker 1: of a neutral rate target in favor of following financial conditions, 113 00:06:17,720 --> 00:06:21,520 Speaker 1: which have tightened significantly the past two months. If that continues, 114 00:06:21,640 --> 00:06:24,760 Speaker 1: they may not have to raise rates as much. Michael McKee, 115 00:06:24,800 --> 00:06:28,520 Speaker 1: Bloomberg Daybreak, All right, Michael, thank you. Highly anticipated Twitter 116 00:06:28,640 --> 00:06:31,240 Speaker 1: shareholder meeting also takes place today, and we get a 117 00:06:31,240 --> 00:06:34,480 Speaker 1: preview from Bloomberg's Tom Busby. Well, you can expect a 118 00:06:34,520 --> 00:06:37,919 Speaker 1: tumultuous meeting today, and it's all about money. Forty four 119 00:06:38,160 --> 00:06:42,000 Speaker 1: billion dollars. Twitter's board says Elon Musk's forty four billion 120 00:06:42,000 --> 00:06:44,520 Speaker 1: dollar agreement to buy the site is a done deal. 121 00:06:44,640 --> 00:06:47,600 Speaker 1: There's no negotiating on the sale price, and it's urging 122 00:06:47,640 --> 00:06:51,520 Speaker 1: its shareholders to approve the deal. But Musk is balking, 123 00:06:51,600 --> 00:06:54,400 Speaker 1: saying he'll only move forward if the company is transparent 124 00:06:54,440 --> 00:06:57,200 Speaker 1: about all the fake bots and spam accounts on the platform. 125 00:06:57,279 --> 00:07:00,480 Speaker 1: Many think that Musk either as cold feet about agreement 126 00:07:00,560 --> 00:07:04,400 Speaker 1: or is merely angling for a sharply lower price. Tom Busby, 127 00:07:04,560 --> 00:07:07,560 Speaker 1: Bloomberg Daybreak, All right, Tom, thank you, And right now, 128 00:07:07,640 --> 00:07:10,280 Speaker 1: futures are high er s ANDP futures up about six 129 00:07:10,280 --> 00:07:13,000 Speaker 1: points down. Future is up sixteen. Nastack Future is up 130 00:07:13,000 --> 00:07:15,760 Speaker 1: twenty four trying to hand your latest local headlines plus 131 00:07:15,800 --> 00:07:23,520 Speaker 1: a check of sports. And this is Bloomberg. All right, thanks, 132 00:07:23,560 --> 00:07:26,000 Speaker 1: Karen six said on Wall Streets. Time to bring in 133 00:07:26,080 --> 00:07:28,160 Speaker 1: Michael Barr to find out what else is going on 134 00:07:28,280 --> 00:07:31,000 Speaker 1: in New York and around the world. John, thank you 135 00:07:31,080 --> 00:07:34,120 Speaker 1: very much. Sarah Man, suspected of abruptly pulling a gun 136 00:07:34,160 --> 00:07:36,920 Speaker 1: and killing a stranger on a New York City subway train, 137 00:07:37,040 --> 00:07:40,600 Speaker 1: has been arrested. Police say they don't yet know what 138 00:07:40,760 --> 00:07:45,160 Speaker 1: motivated the apparently unprovoked attack. Andrew Abdulla was taken into 139 00:07:45,200 --> 00:07:48,080 Speaker 1: custody hours after the thirties posted his name and photo 140 00:07:48,400 --> 00:07:51,800 Speaker 1: on social media and implored the public to help find 141 00:07:51,840 --> 00:07:55,960 Speaker 1: a New York Mayor Eric Adams, the fact is he 142 00:07:56,200 --> 00:08:00,520 Speaker 1: is the posted child of many people who leave they 143 00:08:00,520 --> 00:08:05,320 Speaker 1: can create violence without any repercussion at all. Mayor Adams 144 00:08:05,360 --> 00:08:08,160 Speaker 1: says the year old is expected to face a murder 145 00:08:08,320 --> 00:08:12,240 Speaker 1: charge in the death of forty eight year old Daniel Enriquez. Earlier, 146 00:08:12,280 --> 00:08:15,320 Speaker 1: Mayor Adams commented on a report from the National Oceanic 147 00:08:15,400 --> 00:08:19,440 Speaker 1: and Atmospheric Administration NOAH released their predictions for the Atlantic 148 00:08:19,520 --> 00:08:23,480 Speaker 1: hurricane season outlook predicting an above normal storm season for 149 00:08:23,640 --> 00:08:26,280 Speaker 1: a seventh year in a row and up to six 150 00:08:26,360 --> 00:08:30,400 Speaker 1: major hurricanes impacting the country. Adams says it is essential 151 00:08:30,400 --> 00:08:33,920 Speaker 1: for New Yorkers to understand their risks and evacuation plans 152 00:08:34,000 --> 00:08:38,120 Speaker 1: before these kinds of weather events struk. Coastal storms, hurricanes, 153 00:08:38,200 --> 00:08:43,400 Speaker 1: and floods. UH preparation is everything, and today this announcement 154 00:08:43,800 --> 00:08:47,880 Speaker 1: is allowing all of our agencies and New Yorkers to 155 00:08:48,040 --> 00:08:51,600 Speaker 1: be prepared. Mayor Adams reflected on Hurricane Ida, which killed 156 00:08:51,640 --> 00:08:54,920 Speaker 1: more than a dozen New Yorkers last fall. With flash floods. 157 00:08:55,440 --> 00:08:58,920 Speaker 1: Representative Antonio del Ghana will be sworn in as New 158 00:08:59,000 --> 00:09:02,600 Speaker 1: York's Lieutenant govern Their Governor Kathy Hokel will swear in 159 00:09:02,679 --> 00:09:06,599 Speaker 1: Delgado today. Senate Majority Leader Chuck Schumer wants the opportunity 160 00:09:06,679 --> 00:09:09,960 Speaker 1: to debate domestic terrorism on the floor of the Senate. 161 00:09:10,480 --> 00:09:13,600 Speaker 1: It's a simple question, should the Senate consider a bill 162 00:09:13,679 --> 00:09:17,200 Speaker 1: to crack down on domestic terrorism and extremism? Yes? Or no. 163 00:09:18,480 --> 00:09:22,160 Speaker 1: We need to take the first step to fight domestic terrorism. 164 00:09:22,720 --> 00:09:26,040 Speaker 1: We'll see where everyone falls. Senator Schumer of New York 165 00:09:26,160 --> 00:09:29,640 Speaker 1: also called against voter suppression. First Lady Jill Biden and 166 00:09:29,679 --> 00:09:33,160 Speaker 1: Surgeon General Doctor Vivic Murphy will greet the arrival of 167 00:09:33,160 --> 00:09:37,000 Speaker 1: the second shipment of Baby Formula through Operation Fly Formula 168 00:09:37,400 --> 00:09:40,920 Speaker 1: FedEx Plaine, traveling from Germany. Pact with Formula lands today 169 00:09:40,960 --> 00:09:44,240 Speaker 1: at Dullest Airport outside of Washington. South Korea says it 170 00:09:44,280 --> 00:09:47,960 Speaker 1: appears North Korea has test launched an intercontinental ballistic missile. 171 00:09:48,320 --> 00:09:51,480 Speaker 1: The South says the North also tested to other missiles. 172 00:09:51,960 --> 00:09:54,440 Speaker 1: Global News twenty four hours a day on air and 173 00:09:54,600 --> 00:09:58,000 Speaker 1: on Bloomberg Quicksake, powered by more than twenty seven hundred 174 00:09:58,040 --> 00:10:00,559 Speaker 1: journalists and analysts, more than a dwy Ton three. I'm 175 00:10:00,600 --> 00:10:08,120 Speaker 1: Michael Barr. This is Bloomberg, John, Michael, Thank you. Andy 176 00:10:08,240 --> 00:10:10,760 Speaker 1: is now six ten on wool Street. Time for the 177 00:10:10,760 --> 00:10:14,960 Speaker 1: Bloomberg Sports Update. Good morning, Scott Sideberg, Good morning John. 178 00:10:15,000 --> 00:10:17,400 Speaker 1: The Rangers beat the Hurricanes FLO one to even up 179 00:10:17,440 --> 00:10:19,880 Speaker 1: their playoff series at two games a piece. Frank for 180 00:10:19,960 --> 00:10:21,920 Speaker 1: trying to open up the scoring on the power play. 181 00:10:22,160 --> 00:10:25,440 Speaker 1: Adam Fox because advantage. Ad and Andrew Copp also scored, 182 00:10:25,440 --> 00:10:30,000 Speaker 1: while Igor Shusturkin made thirty saves. Here was Gerard Glant competed? 183 00:10:30,080 --> 00:10:32,240 Speaker 1: Heard the first payer was probably the best payerd of 184 00:10:32,280 --> 00:10:35,000 Speaker 1: hockey I seen this year from Bowl team, not just us. 185 00:10:35,040 --> 00:10:37,960 Speaker 1: It was death, back and forth. It was I thought 186 00:10:37,960 --> 00:10:40,280 Speaker 1: it could have been four tu per I thought less 187 00:10:40,320 --> 00:10:43,640 Speaker 1: after the first player of goals. Withstanding elsewhere, the Oilers 188 00:10:43,679 --> 00:10:45,880 Speaker 1: took a three one series lead over the Flames with 189 00:10:45,960 --> 00:10:49,400 Speaker 1: a five three win. NBA Playoffs last night, the Mavericks 190 00:10:49,440 --> 00:10:52,800 Speaker 1: avoid elimination, beating the Warriors one nineteen one On nine. Tonight, 191 00:10:52,840 --> 00:10:55,800 Speaker 1: Eastern Conference Finals Game five, the Heat and Celtics tied 192 00:10:55,840 --> 00:10:58,720 Speaker 1: at two games apiece. Jose Trevino, with a big name 193 00:10:58,760 --> 00:11:00,760 Speaker 1: for the Yankees the solo We're in the third, a 194 00:11:00,840 --> 00:11:03,000 Speaker 1: game time single in the seventh, and the walk off 195 00:11:03,120 --> 00:11:05,360 Speaker 1: winner in the bottom of the eleventh, as the Yankee 196 00:11:05,400 --> 00:11:07,839 Speaker 1: snapped their season high three game losing streak, beating the 197 00:11:07,880 --> 00:11:10,959 Speaker 1: Orioles seven six. The Medicine Giants playing a back and 198 00:11:11,080 --> 00:11:13,800 Speaker 1: forth game last night in San Francisco, the Mets scoring 199 00:11:13,920 --> 00:11:16,720 Speaker 1: ten runs in the seventh, eighth, and ninth innings combined. 200 00:11:17,120 --> 00:11:19,520 Speaker 1: They erase a six run Deafens hit, but would lose 201 00:11:19,600 --> 00:11:21,600 Speaker 1: in the bottom of the ninth and when Daz allowing 202 00:11:21,640 --> 00:11:25,600 Speaker 1: four hits, including the walkoff single to Brandon Crawford twelve, 203 00:11:25,760 --> 00:11:29,320 Speaker 1: the final tennis at the French Open, Joe Wilfred Sanga's 204 00:11:29,400 --> 00:11:31,920 Speaker 1: career comes to an end. He loses in the first 205 00:11:32,040 --> 00:11:34,599 Speaker 1: round and retires at the age of thirty seven with 206 00:11:34,760 --> 00:11:39,040 Speaker 1: eighteen career titles. Elsewhere, Americans Madison Keys and Jessica Pegoula 207 00:11:39,320 --> 00:11:43,120 Speaker 1: advanced on the women's side. I'm Scott Seedinberg with Bloomberg Sports. 208 00:11:43,360 --> 00:11:46,200 Speaker 1: John all right, thanks Scott, and ahead of the Casha 209 00:11:46,320 --> 00:11:49,360 Speaker 1: Open on Wall Street, we have down futures right now 210 00:11:49,559 --> 00:11:53,400 Speaker 1: twenty four points higher, SMP futures they are up seven 211 00:11:53,480 --> 00:11:56,959 Speaker 1: points and the nights day futures thirty points higher, and 212 00:11:57,160 --> 00:12:00,640 Speaker 1: we have the tenure yield the benchmark at to seventy 213 00:12:00,720 --> 00:12:08,040 Speaker 1: five unchanged. This is Bloomberg Day Break, and just ahead 214 00:12:08,120 --> 00:12:11,520 Speaker 1: we'll speak with Gregg Valier, the chief policy strategist at 215 00:12:11,640 --> 00:12:14,560 Speaker 1: a GF. We'll take a deeper dive into the mass 216 00:12:14,600 --> 00:12:22,520 Speaker 1: shooting in Texas and the results. All the primaries, markets, 217 00:12:22,640 --> 00:12:25,640 Speaker 1: headlines and breaking news twenty four hours a day at 218 00:12:25,720 --> 00:12:29,640 Speaker 1: Bloomberg dot Com, the Bloomberg Business Outland at Bloomberg Quicktake. 219 00:12:29,920 --> 00:12:39,160 Speaker 1: This is a Bloomberg Business Lash and I'm Karen Moscow 220 00:12:39,280 --> 00:12:43,720 Speaker 1: and futures are little change. This morning, nasdack futures are higher, 221 00:12:43,840 --> 00:12:46,400 Speaker 1: up about twelve points, and the decks in Germany is 222 00:12:46,440 --> 00:12:48,720 Speaker 1: up about a quarter percent. The tend your treasury that'll 223 00:12:48,840 --> 00:12:51,719 Speaker 1: change you'll two point seven and the yield on the 224 00:12:51,760 --> 00:12:55,400 Speaker 1: two year two point five. It is six seventeen on 225 00:12:55,520 --> 00:12:58,400 Speaker 1: Walla Street. Time for your daily Bloomberg Crypto update. It 226 00:12:58,520 --> 00:13:01,319 Speaker 1: is brought to you by Interactor Brokers. It charges margin 227 00:13:01,400 --> 00:13:03,520 Speaker 1: loan race from one point three three percent to two 228 00:13:03,559 --> 00:13:06,440 Speaker 1: point three three percent. Right something to change. Learn more 229 00:13:06,480 --> 00:13:09,760 Speaker 1: at ibker dot com. Slash compare now with the Legician. 230 00:13:09,760 --> 00:13:13,280 Speaker 1: Crypto News shares Bloomberry Shrandy to young Randy Karen. Right now, 231 00:13:13,360 --> 00:13:16,840 Speaker 1: Bitcoin is trading close to thirty thousand. It's been hovering 232 00:13:16,880 --> 00:13:20,160 Speaker 1: around this level ever since the terror USD stable coin 233 00:13:20,280 --> 00:13:23,360 Speaker 1: collapse trigger to sell off in cryptocurrencies, so it's a 234 00:13:23,400 --> 00:13:25,160 Speaker 1: good time to check in on the first country to 235 00:13:25,240 --> 00:13:28,960 Speaker 1: declare bitcoin as legal tender, El Salvador, is currently down 236 00:13:29,040 --> 00:13:32,480 Speaker 1: about thirty five percent. That's nearly forty million dollars on 237 00:13:32,640 --> 00:13:35,400 Speaker 1: the two thousand, three hundred and one bitcoin. It's president 238 00:13:35,520 --> 00:13:39,240 Speaker 1: bought with public funds since making it legal tender last year. 239 00:13:39,640 --> 00:13:43,560 Speaker 1: The nation's finance minister says Bitcoin's recent price dip has 240 00:13:43,640 --> 00:13:46,360 Speaker 1: even scared away potential buyers of a planned one billion 241 00:13:46,440 --> 00:13:50,160 Speaker 1: dollar bitcoin backed bond, but none of this has stopped 242 00:13:50,200 --> 00:13:53,880 Speaker 1: the crypto touting President. He bought another five hundred coins 243 00:13:54,040 --> 00:13:56,640 Speaker 1: just last month. You know who else. It hasn't stopped 244 00:13:57,000 --> 00:14:00,360 Speaker 1: us Miami mayor Francis Suarez, who says, hey, I'll still 245 00:14:00,400 --> 00:14:03,000 Speaker 1: take my city salary in bitcoin, thank you very much, 246 00:14:03,360 --> 00:14:05,960 Speaker 1: even after a route that sent the crypto down almost 247 00:14:06,800 --> 00:14:10,120 Speaker 1: over the past two months. Suarez wants to promote Miami 248 00:14:10,240 --> 00:14:12,679 Speaker 1: as a crypto and tech center, and he made the 249 00:14:12,720 --> 00:14:16,520 Speaker 1: comments to a panel at the World Economic Forum in Davos, Switzerland. 250 00:14:16,960 --> 00:14:19,960 Speaker 1: Metro Bloomberg Crypto Update Live in New York. I'm reneed 251 00:14:20,040 --> 00:14:22,400 Speaker 1: a young Bloomberg Daybreak. Karen, all right, we need to 252 00:14:22,480 --> 00:14:24,800 Speaker 1: thank you, and that's a Bloomberg business flash. Now here's 253 00:14:24,840 --> 00:14:27,120 Speaker 1: Michael Barr with Moore. I'm what's going on around the world, 254 00:14:27,240 --> 00:14:30,440 Speaker 1: Michael Karen, An eighteen year old gunman opened fire at 255 00:14:30,480 --> 00:14:33,880 Speaker 1: a Uvaldi, Texas elementary school, killing at least nineteen children 256 00:14:33,960 --> 00:14:37,240 Speaker 1: and two adults before he was killed by law enforcement. Later, 257 00:14:37,440 --> 00:14:41,240 Speaker 1: a visibly angry President Biden addressed the nation renewing his 258 00:14:41,360 --> 00:14:44,360 Speaker 1: call for the reform of gun laws. When we passed 259 00:14:44,400 --> 00:14:48,240 Speaker 1: a sault weapons pan, my shootings went down when the 260 00:14:48,320 --> 00:14:53,680 Speaker 1: law expired, my shooting triple. Georgia Governor Brian Kemp has 261 00:14:53,760 --> 00:14:57,680 Speaker 1: easily beat Donald Trump's hand pick challenger in a Republican primary, 262 00:14:57,800 --> 00:15:01,240 Speaker 1: former Senator David Purdue. Kemp guy seventy eight percent, Perdue 263 00:15:01,320 --> 00:15:05,080 Speaker 1: received twenty two percent. In the NHL playoffs, the Rangers 264 00:15:05,120 --> 00:15:08,040 Speaker 1: beat the Hurricanes. Baseball, the Yankees beat the Orioles. The 265 00:15:08,160 --> 00:15:10,880 Speaker 1: Mets lost to the Giants. The Red Sox and the 266 00:15:11,040 --> 00:15:14,720 Speaker 1: A's one. The Nationals lost in the NBA playoffs. The 267 00:15:14,760 --> 00:15:18,040 Speaker 1: Mavericks stay alive as they beat the Warriors. Global News 268 00:15:18,080 --> 00:15:20,240 Speaker 1: twenty four hours a day on air and on Bloomberg 269 00:15:20,320 --> 00:15:24,000 Speaker 1: Quick Take, powered by more band journalists and analysts more 270 00:15:24,000 --> 00:15:27,640 Speaker 1: than a hundred twenty countries. Michael Barr, This is Bloomberg, John, Michael, 271 00:15:27,680 --> 00:15:30,960 Speaker 1: thank you very much. Is six twenty on Wall Street. 272 00:15:31,000 --> 00:15:33,520 Speaker 1: We are live from the Bloomberg Interact of Broker Studios. 273 00:15:33,560 --> 00:15:37,000 Speaker 1: This is Bloomberg Daybreak. Families in Texas will spend this 274 00:15:37,120 --> 00:15:41,080 Speaker 1: holiday weekend bearing their children, nineteen of them and two 275 00:15:41,120 --> 00:15:44,600 Speaker 1: of their teachers. In response you heard President Biden asking 276 00:15:44,720 --> 00:15:46,680 Speaker 1: when are we going to stand up to the gun lobby. 277 00:15:46,840 --> 00:15:50,000 Speaker 1: Let's take a deeper dive into the shooting this warning 278 00:15:50,640 --> 00:15:54,040 Speaker 1: and will also examine the latest primary results. Joining us now, 279 00:15:54,160 --> 00:15:57,800 Speaker 1: Gregg Valley, or chief US policy strategist at a GF Investment, 280 00:15:58,240 --> 00:16:00,680 Speaker 1: I wish you could be under better circums dances, Greg, 281 00:16:01,080 --> 00:16:04,280 Speaker 1: As far as I can tell, there have been no 282 00:16:04,600 --> 00:16:11,800 Speaker 1: electoral consequences for opposition to even modest restrictions on civilian weapons. Um, 283 00:16:12,600 --> 00:16:16,600 Speaker 1: what's next? Well, I don't see a lot. John. I 284 00:16:16,680 --> 00:16:19,680 Speaker 1: wish I could tell you this morning that there will 285 00:16:19,760 --> 00:16:23,720 Speaker 1: be some background checks, there will be some beginning of 286 00:16:23,880 --> 00:16:27,680 Speaker 1: gun regulation. But I gotta tell you I don't see it. 287 00:16:28,120 --> 00:16:31,240 Speaker 1: You need sixty votes to get anything done in the Senate, 288 00:16:31,760 --> 00:16:34,360 Speaker 1: and I don't think sixty votes are there. This is 289 00:16:34,760 --> 00:16:40,360 Speaker 1: such an incredibly depressing story to have all of these 290 00:16:40,480 --> 00:16:45,880 Speaker 1: horrible incidents. We've had over three thousand mass murders since UH, 291 00:16:46,840 --> 00:16:50,840 Speaker 1: since the school shootings in Connecticut. So I I think 292 00:16:50,920 --> 00:16:56,480 Speaker 1: that this, unfortunately, is not going to lead to any reforms. 293 00:16:57,000 --> 00:17:01,040 Speaker 1: Nothing happened after Sandy Hook substantial. Not only that, but 294 00:17:01,400 --> 00:17:06,520 Speaker 1: the far right UH had conspiracy theories following the murders 295 00:17:06,600 --> 00:17:12,720 Speaker 1: that occurred there just just absolutely bizarre. John, and I 296 00:17:13,119 --> 00:17:16,160 Speaker 1: think that there was a real eye opener for everybody 297 00:17:16,560 --> 00:17:19,120 Speaker 1: that you're not going to be able to get much done. 298 00:17:19,359 --> 00:17:23,920 Speaker 1: The great irony here, in my opinion, is that of 299 00:17:23,960 --> 00:17:28,240 Speaker 1: the American public wants some gun control. They don't want 300 00:17:28,240 --> 00:17:31,720 Speaker 1: to take people's guns away. That that was obviously a 301 00:17:32,359 --> 00:17:36,120 Speaker 1: lie about Hillary Clinton, but people do want to see 302 00:17:36,240 --> 00:17:41,000 Speaker 1: some reforms when you get over in this country favoring anything, 303 00:17:41,440 --> 00:17:45,600 Speaker 1: that's a pretty powerful number. Could this impact the November 304 00:17:45,800 --> 00:17:50,840 Speaker 1: election outlook at all? It could, John, And you've got 305 00:17:50,920 --> 00:17:54,440 Speaker 1: two real wild cards. One is Roe v. Wade, and 306 00:17:54,480 --> 00:17:56,560 Speaker 1: we'll get a ruling on that probably in the next 307 00:17:56,600 --> 00:17:59,680 Speaker 1: couple of months. And now you have this. If we 308 00:18:00,240 --> 00:18:04,520 Speaker 1: no reform, which is probably the likely scenario, I do 309 00:18:04,680 --> 00:18:08,920 Speaker 1: think there could be a backlash against politicians who refused 310 00:18:08,960 --> 00:18:13,080 Speaker 1: to do anything at all. So it it could. I 311 00:18:13,160 --> 00:18:15,240 Speaker 1: think it's a stretch to say that it could mean 312 00:18:15,359 --> 00:18:20,440 Speaker 1: this the household stay uh democratic. I still think the 313 00:18:20,520 --> 00:18:23,280 Speaker 1: Republicans will take the House and the Senate, though I 314 00:18:23,359 --> 00:18:27,159 Speaker 1: think is becoming closer because of abortion and because of guns, 315 00:18:27,920 --> 00:18:31,560 Speaker 1: and after this tragedy, Um, after the mass shooting that 316 00:18:31,640 --> 00:18:35,800 Speaker 1: we saw in Buffalo. It's the National Rifle Association conference. 317 00:18:36,080 --> 00:18:39,960 Speaker 1: It's uh what this Friday? Yeah, this Friday that Ted 318 00:18:40,040 --> 00:18:42,440 Speaker 1: Cruz will be there. Trump and you know a lot 319 00:18:42,520 --> 00:18:46,399 Speaker 1: of pro gun politicians that the n r A is 320 00:18:46,920 --> 00:18:50,560 Speaker 1: running scared. There are groups that are more conservative that 321 00:18:50,680 --> 00:18:53,320 Speaker 1: there are further to the right of the n r A. 322 00:18:53,520 --> 00:18:54,879 Speaker 1: So I think the n r A is trying to 323 00:18:55,000 --> 00:18:58,400 Speaker 1: increase its visibility and you're gonna get the same old 324 00:18:58,520 --> 00:19:02,159 Speaker 1: sound bites that it's an effort by the Democrats to 325 00:19:02,320 --> 00:19:06,760 Speaker 1: exploit gun violence to take away people's guns, and nothing 326 00:19:06,920 --> 00:19:10,280 Speaker 1: is further from the truth. Um, you write in your 327 00:19:10,600 --> 00:19:13,919 Speaker 1: note this warning, this issue isn't just about the mass murders. 328 00:19:14,000 --> 00:19:18,040 Speaker 1: Could you expand on that? I'm sorry I missed the words. 329 00:19:18,160 --> 00:19:20,880 Speaker 1: This's what you write in your note that this morning, 330 00:19:21,000 --> 00:19:24,720 Speaker 1: this issue isn't just about mass murders. Did you expand 331 00:19:24,760 --> 00:19:28,280 Speaker 1: on that? Yeah, I I think it's it's also the 332 00:19:28,440 --> 00:19:33,200 Speaker 1: gun violence we've seen in so many cities Chicago, Washington, Atlanta, 333 00:19:33,640 --> 00:19:37,560 Speaker 1: several other cities where we've had unprecedented gun violence, and 334 00:19:37,720 --> 00:19:41,280 Speaker 1: I think that's part of this entire narrative as well 335 00:19:41,359 --> 00:19:44,800 Speaker 1: as something the Republicans will throw back at the Democrats. 336 00:19:45,200 --> 00:19:47,920 Speaker 1: You do have to ask the question, is there any 337 00:19:48,040 --> 00:19:51,800 Speaker 1: politician in America who's willing to take on this issue. 338 00:19:52,160 --> 00:19:55,400 Speaker 1: I think Steve Kerr, the coach of the Golden State Warriors, 339 00:19:55,480 --> 00:19:58,679 Speaker 1: is willing to take it on, but he's not a politician. 340 00:19:59,040 --> 00:20:02,000 Speaker 1: There is one pelegician who I think could be intriguing, 341 00:20:02,480 --> 00:20:05,520 Speaker 1: and that's the mayor of New York City. Yeah. And 342 00:20:05,800 --> 00:20:08,600 Speaker 1: you know you mentioned New York City, and you got 343 00:20:08,680 --> 00:20:11,479 Speaker 1: to bring the Supreme Court into the fold because they 344 00:20:11,520 --> 00:20:15,840 Speaker 1: could be ruling on local jurisdictions, including New York City's 345 00:20:16,200 --> 00:20:19,360 Speaker 1: own gun control measures. The restrictions that we have here 346 00:20:19,480 --> 00:20:21,960 Speaker 1: in the city need to notice. Start your day brought 347 00:20:22,000 --> 00:20:25,720 Speaker 1: to you by Interactive Broker's Global Analyst. It helps you 348 00:20:25,800 --> 00:20:29,920 Speaker 1: find new global investment opportunities, to diversify your portfolio and 349 00:20:30,000 --> 00:20:33,920 Speaker 1: discover undervalued companies that may have greater growth potential. Try 350 00:20:33,960 --> 00:20:37,080 Speaker 1: ibk our Global Analysts today at ibk R dot com 351 00:20:37,160 --> 00:20:40,600 Speaker 1: slash g A. First, we begin in Texas, where at 352 00:20:40,640 --> 00:20:43,719 Speaker 1: least nineteen children and two adults were killed by an 353 00:20:43,800 --> 00:20:47,600 Speaker 1: eighteen year old gunman at rob Elementary School. President Biden 354 00:20:47,720 --> 00:20:51,640 Speaker 1: undrest the nation last night, expressing condolences and quickly pivoting 355 00:20:51,720 --> 00:20:55,840 Speaker 1: to gun legislation, where in God's name is our backbone, 356 00:20:56,920 --> 00:20:58,840 Speaker 1: to the courage to do with the stand up to 357 00:20:58,880 --> 00:21:02,800 Speaker 1: the lobbies, took time to turn this pain the action. 358 00:21:03,200 --> 00:21:06,679 Speaker 1: President Biden, addressing the nation after the elementary school shooting 359 00:21:06,720 --> 00:21:10,240 Speaker 1: in Yuvalde, Texas. We should note Michael Bloomberg, the founder 360 00:21:10,320 --> 00:21:13,879 Speaker 1: and majority owner of Bloomberg LP, the parent of Bloomberg Radio, 361 00:21:14,320 --> 00:21:17,240 Speaker 1: is a donor to groups that support gun control, including 362 00:21:17,400 --> 00:21:19,960 Speaker 1: Every Town for Gun Safety. And down to the other 363 00:21:20,040 --> 00:21:23,119 Speaker 1: major story we're following this morning, the key primary raises 364 00:21:23,119 --> 00:21:26,560 Speaker 1: across the country. In Georgia, to candidates backed by Donald 365 00:21:26,600 --> 00:21:30,400 Speaker 1: Trump have lost another one. Bloomberg's really be Young joins 366 00:21:30,440 --> 00:21:33,280 Speaker 1: us live with to tales Ranita, Good morning, Good morning John. 367 00:21:33,520 --> 00:21:37,320 Speaker 1: Georgia Governor Brian Kemp and Secretary of State Brad Ruffensburger, 368 00:21:37,520 --> 00:21:41,280 Speaker 1: both targets of former President Trump, both won their primaries. 369 00:21:41,720 --> 00:21:44,760 Speaker 1: Kemp beat David produced seventy three point seven percent of 370 00:21:44,800 --> 00:21:48,840 Speaker 1: the vote. He'll face Democrats Stacy Abrams, who ran unopposed. 371 00:21:49,320 --> 00:21:52,760 Speaker 1: Raffensburger beat Jodie heis with fifty two point two percent 372 00:21:52,840 --> 00:21:56,280 Speaker 1: of the vote. Former football great Herschel Walker, also backed 373 00:21:56,320 --> 00:22:00,360 Speaker 1: by Trump, won the GOLP Senate primary with sixty three 374 00:22:00,440 --> 00:22:03,960 Speaker 1: percent of the vote. He'll face Democrat and commit Raphael Warnock, 375 00:22:04,000 --> 00:22:07,320 Speaker 1: who secured nearly nine six percent of the vote, and 376 00:22:07,480 --> 00:22:10,639 Speaker 1: Marjorie Taylor Green one herd go OP House primary with 377 00:22:10,840 --> 00:22:13,960 Speaker 1: sixty nine point five percent of the vote. Live in 378 00:22:14,040 --> 00:22:16,360 Speaker 1: New York, I'm gonna need a Young Bloomberg day break, 379 00:22:16,440 --> 00:22:18,680 Speaker 1: all right, Renn need to thank you. Elsewhere, the Alabama 380 00:22:18,760 --> 00:22:21,680 Speaker 1: Republican Senate primary has into a run off with Katie 381 00:22:21,720 --> 00:22:25,560 Speaker 1: Britt and US Representative Moe Brooks. Britt garnercent of the 382 00:22:25,640 --> 00:22:29,560 Speaker 1: vote to Brooks percent. Former White House Press Secretary Sarah 383 00:22:29,600 --> 00:22:32,800 Speaker 1: Sanders won the GOP nomination for governor and Arkansaw with 384 00:22:32,920 --> 00:22:35,640 Speaker 1: eight three percent of the vote. And Texas Attorney General 385 00:22:35,760 --> 00:22:38,240 Speaker 1: Ken patched and took the GOP nomination for re election 386 00:22:38,400 --> 00:22:41,200 Speaker 1: with nearly sixty percent of the vote against George P. Bush. 387 00:22:41,920 --> 00:22:44,399 Speaker 1: And coming up today, we get minutes from the fans 388 00:22:44,520 --> 00:22:47,680 Speaker 1: latest meeting that is coming up at two pm Wall 389 00:22:47,720 --> 00:22:50,200 Speaker 1: Street time. And that's the five things you need to 390 00:22:50,240 --> 00:22:53,320 Speaker 1: notice start your day. Brought to you by Interactive Brokers 391 00:22:53,400 --> 00:22:58,240 Speaker 1: and again Futures this morning, little change Nowsdack futures are higher, 392 00:22:58,320 --> 00:23:01,240 Speaker 1: up about fourteen points right now. The decks in Germany 393 00:23:01,520 --> 00:23:03,800 Speaker 1: is up about a third of a percent. Ten. Your 394 00:23:03,840 --> 00:23:06,679 Speaker 1: treasury up one thirty second yell two point seven four percent. 395 00:23:06,760 --> 00:23:09,280 Speaker 1: They yield on the two year two point five one percent. 396 00:23:09,800 --> 00:23:12,000 Speaker 1: Nine X Screwed oil is higher, up one point four 397 00:23:12,080 --> 00:23:14,680 Speaker 1: percent of a dollar fifty eight at a hundred eleven 398 00:23:14,720 --> 00:23:17,640 Speaker 1: dollars thirty four cents of barrel comics. Gold is down 399 00:23:17,760 --> 00:23:20,880 Speaker 1: seven tenths percent, or thirteen dollars twenty cents at eighteen 400 00:23:21,000 --> 00:23:24,120 Speaker 1: fifty eight twenty announced. The euro one point oh six 401 00:23:24,240 --> 00:23:27,639 Speaker 1: six six against the dollar. Bitcoin this morning is up 402 00:23:27,680 --> 00:23:30,520 Speaker 1: one percent at twenty nine thousand, seven hundred dollars. Straight 403 00:23:30,560 --> 00:23:33,080 Speaker 1: ahead your latest local headlines plus a check of sports. 404 00:23:33,280 --> 00:23:40,639 Speaker 1: This is Bloomberg Pari. Thanks Karen sixty three on Wall Street. 405 00:23:40,720 --> 00:23:42,679 Speaker 1: Ant time to bring in Michael barn to tell us 406 00:23:42,880 --> 00:23:45,560 Speaker 1: what else is going on in New York hand around 407 00:23:45,600 --> 00:23:47,560 Speaker 1: the world. John, Thank you very much, sir. The n 408 00:23:47,680 --> 00:23:51,000 Speaker 1: y p D says there is an arrest from Sunday's fatal, 409 00:23:51,119 --> 00:23:54,720 Speaker 1: unprovoked subway shooting that left one man dead. Authorities say 410 00:23:55,320 --> 00:23:59,440 Speaker 1: year old Andrew Abdullah Brooklyn turned himself into police. Della 411 00:23:59,560 --> 00:24:03,200 Speaker 1: has more than twenty prior arrests on his record, including 412 00:24:03,240 --> 00:24:07,040 Speaker 1: an outstanding weapons charge from last year and previous charges 413 00:24:07,119 --> 00:24:10,920 Speaker 1: of assault, robbery, menacing, and grand larcening. New York Mayor 414 00:24:11,080 --> 00:24:14,120 Speaker 1: Eric Adams says Abdullah is the poster child to show 415 00:24:14,280 --> 00:24:17,240 Speaker 1: just how easy it is for someone dangerous to get 416 00:24:17,280 --> 00:24:20,680 Speaker 1: ahold of a weapon in New York City. History of 417 00:24:20,760 --> 00:24:25,560 Speaker 1: this person, any reasonable thinking New Yorkers is going to 418 00:24:25,680 --> 00:24:31,000 Speaker 1: ask themselves, why is this person still on our streets. 419 00:24:31,119 --> 00:24:33,520 Speaker 1: Mayor Adams says the city will work to improve the 420 00:24:33,600 --> 00:24:38,080 Speaker 1: subway safety. More infant formula is arriving from overseas today 421 00:24:38,160 --> 00:24:40,679 Speaker 1: to ease the u S shortage. Nearly a million, eight 422 00:24:40,760 --> 00:24:44,280 Speaker 1: ounce bottles worth of ness Lee's Gerber Baby formula arrives 423 00:24:44,359 --> 00:24:47,440 Speaker 1: at Dulless Airport. First Lady Jill Biden will greet the 424 00:24:47,520 --> 00:24:50,919 Speaker 1: plane's arrival. The federal government is being criticized by how 425 00:24:51,080 --> 00:24:53,880 Speaker 1: it has handled the shortage of formula. Health and Human 426 00:24:53,920 --> 00:24:58,080 Speaker 1: Services Secretary how the Vicera says the FDA's authority is limited. 427 00:24:58,440 --> 00:25:00,720 Speaker 1: If they're not policing themselves, then we have to do 428 00:25:00,800 --> 00:25:03,280 Speaker 1: more to make sure we are doing the right thing 429 00:25:03,359 --> 00:25:06,560 Speaker 1: for parents. We need that supply Secretary of Sarah as 430 00:25:06,640 --> 00:25:09,960 Speaker 1: the formula. Shipment then heads to a Pennsylvania distribution center. 431 00:25:10,680 --> 00:25:13,240 Speaker 1: One case of monkey pox has been ruled out in 432 00:25:13,320 --> 00:25:17,520 Speaker 1: New York City Health Commissioner Dr Schwan Vassans said, the 433 00:25:17,640 --> 00:25:22,400 Speaker 1: other is still pending confirmation. We had two suspected cases 434 00:25:22,440 --> 00:25:25,959 Speaker 1: of monkey pox. One was ruled out, was negative. One 435 00:25:26,080 --> 00:25:29,840 Speaker 1: tested positive for the class of viruses to which monkey 436 00:25:29,920 --> 00:25:33,080 Speaker 1: fox belongs, and we're waiting on confirmation from the CDC, 437 00:25:33,240 --> 00:25:35,240 Speaker 1: which we hope to get in the next day or two. 438 00:25:35,640 --> 00:25:39,000 Speaker 1: Dr Vassan says the World Health Organization is identified about 439 00:25:39,080 --> 00:25:42,840 Speaker 1: any cases of monkey pox around the world. South Korea 440 00:25:42,920 --> 00:25:46,080 Speaker 1: says North Korea test launched a series of ballistic missiles 441 00:25:46,160 --> 00:25:49,919 Speaker 1: this morning, including the bresumed intercontinental Ballistic missile and at 442 00:25:49,960 --> 00:25:53,040 Speaker 1: least one short range missile. South Korea says that it 443 00:25:53,200 --> 00:25:56,520 Speaker 1: is in violation of U N Security Council resolutions and 444 00:25:56,640 --> 00:26:00,000 Speaker 1: a serious provocation that threatens peace on the Korean Banna 445 00:26:00,000 --> 00:26:04,040 Speaker 1: Sala and the international community. Global News twenty four hours 446 00:26:04,119 --> 00:26:07,280 Speaker 1: a day on airrand on Bloomberg quick Take, powered by 447 00:26:07,320 --> 00:26:10,080 Speaker 1: more than seven hundred journalists and analysts more than a 448 00:26:10,160 --> 00:26:13,879 Speaker 1: hundred twenty countries. Michael Barr, this is Bloomberg, John, Michael, 449 00:26:13,920 --> 00:26:20,000 Speaker 1: thank you. Six thirties five hod Wall Street. Time down 450 00:26:20,040 --> 00:26:24,280 Speaker 1: to the Bloomberg Sports Update. Here's Scott Suttenberg. Thanks John. 451 00:26:24,320 --> 00:26:27,960 Speaker 1: The Rangers defending home ice, beating the Hurricanes for one 452 00:26:28,040 --> 00:26:31,119 Speaker 1: to even up their series at two games of peace. 453 00:26:31,680 --> 00:26:35,400 Speaker 1: Frank Petrano, mika's de Bennejad, Adam Fox, and Andrew copp 454 00:26:35,480 --> 00:26:39,120 Speaker 1: all scored. Igor Shasturkin made thirty saves as the home 455 00:26:39,240 --> 00:26:41,920 Speaker 1: team has won each of the first four games of 456 00:26:42,240 --> 00:26:45,560 Speaker 1: this series. Here's Gerard Glant. I mean, really, look at 457 00:26:45,600 --> 00:26:47,199 Speaker 1: the four games. It's not just a two at home, 458 00:26:47,240 --> 00:26:49,680 Speaker 1: but the four games have been pretty much one goal 459 00:26:49,760 --> 00:26:51,320 Speaker 1: game most of the way through it. And you know, 460 00:26:51,400 --> 00:26:54,240 Speaker 1: we're two teams that are closed in battle, and you know, 461 00:26:54,320 --> 00:26:57,080 Speaker 1: I just think it's been outstanding hontey by both teams. Elsewhere, 462 00:26:57,160 --> 00:26:59,639 Speaker 1: the Oilers take a three one series lead over the 463 00:26:59,680 --> 00:27:03,240 Speaker 1: flame S thanks to a five three win baseball. Jose 464 00:27:03,440 --> 00:27:06,800 Speaker 1: Trevino with a big night for the Yankees, solo homer 465 00:27:06,880 --> 00:27:09,320 Speaker 1: in the third, a game time single in the seventh, 466 00:27:09,400 --> 00:27:11,800 Speaker 1: and the walkoff winner in the bottom of the eleventh, 467 00:27:12,160 --> 00:27:15,440 Speaker 1: as the Yankees beat the Orioles seven six, snapping their 468 00:27:15,520 --> 00:27:19,520 Speaker 1: season high three game losing streak. The Mets meanwhile played 469 00:27:19,560 --> 00:27:23,920 Speaker 1: a wild game in San Francisco, rallying from eight to down, 470 00:27:24,080 --> 00:27:26,840 Speaker 1: the Mets scoring ten runs in the seventh, eighth, and 471 00:27:27,040 --> 00:27:30,000 Speaker 1: ninth combined, but they would fall in the bottom of 472 00:27:30,119 --> 00:27:33,359 Speaker 1: the ninth as Edwin Diaz allowed four hits, including the 473 00:27:33,440 --> 00:27:38,480 Speaker 1: walkoff single to Brandon Crawford. Twelve your final NBA playoffs, 474 00:27:38,600 --> 00:27:41,800 Speaker 1: the Mavericks avoid the sweet beating the Warriors one nineteen 475 00:27:41,920 --> 00:27:45,400 Speaker 1: one oh nine, and tonight Eastern Conference Finals Game five 476 00:27:45,480 --> 00:27:48,560 Speaker 1: from Miami, the Heat and Celtics tied at two games apiece. 477 00:27:49,000 --> 00:27:52,680 Speaker 1: UM Scott Seginburg with Bloomberg Sports, John all Right, thanks 478 00:27:52,720 --> 00:27:55,000 Speaker 1: a lot to Scott, six thirty seven on Wall Street. 479 00:27:55,040 --> 00:27:56,840 Speaker 1: Time to take a look at stocks, some of the 480 00:27:57,000 --> 00:27:59,000 Speaker 1: names that are moving at the pre market. For that, 481 00:27:59,119 --> 00:28:02,359 Speaker 1: we're joined by bloom a Radio on TV. Markets corresponded 482 00:28:02,400 --> 00:28:04,879 Speaker 1: Critty Group, to you ever have one of their what 483 00:28:05,000 --> 00:28:08,760 Speaker 1: do they called the Frosty the milkshake from Wendy's. Yeah, 484 00:28:08,840 --> 00:28:10,680 Speaker 1: you turn you could turn it over and nothing comes 485 00:28:10,760 --> 00:28:14,840 Speaker 1: out because it's so I have had a Frosty I 486 00:28:14,960 --> 00:28:18,000 Speaker 1: think in like the third grade, and I haven't had 487 00:28:18,040 --> 00:28:21,720 Speaker 1: it since then? Should I? Why are they in the 488 00:28:21,800 --> 00:28:26,840 Speaker 1: news this morning? Wendy's are Frosty's w e and is 489 00:28:26,880 --> 00:28:29,760 Speaker 1: your taker here? Folks? Twelve percent gains almost all percent 490 00:28:29,800 --> 00:28:32,360 Speaker 1: gains in the pre market. This comes after shareholder Try 491 00:28:32,440 --> 00:28:34,960 Speaker 1: and Fund Management. This is the investment vehicle of the 492 00:28:35,040 --> 00:28:37,880 Speaker 1: billionaire Nelson Pelts, whose daughter, by the way, just got 493 00:28:37,920 --> 00:28:41,680 Speaker 1: married to Brooklyn Beckham. That's also your little gossip from 494 00:28:41,680 --> 00:28:47,959 Speaker 1: the morning. Uh, Nicole Pelts. There you go, Nicole, if 495 00:28:47,960 --> 00:28:52,640 Speaker 1: you're listening, Yeah, maybe they are. Try and Fund Management 496 00:28:53,440 --> 00:28:56,720 Speaker 1: has about an eleven point eight percent share of Wendy 497 00:28:56,800 --> 00:28:59,920 Speaker 1: stock right now, and they said they're exploring a transact 498 00:29:00,160 --> 00:29:02,840 Speaker 1: that could give it control of the fast food chain, 499 00:29:02,920 --> 00:29:05,600 Speaker 1: and investors seeming to like that story up about twelve 500 00:29:06,520 --> 00:29:08,040 Speaker 1: w e N So we've got a little bit of 501 00:29:08,120 --> 00:29:11,960 Speaker 1: an activist stock story this morning. John, When else is going, 502 00:29:12,000 --> 00:29:14,920 Speaker 1: I'm looking at the screen here, but you tell me, well, 503 00:29:15,000 --> 00:29:16,680 Speaker 1: I think we have to stick with the retailer's theme 504 00:29:16,720 --> 00:29:21,600 Speaker 1: that seems to be the big one here because the yeah, 505 00:29:21,720 --> 00:29:24,120 Speaker 1: this idea that there's so much inflation that you can't 506 00:29:24,200 --> 00:29:27,480 Speaker 1: actually perhaps pass on as many costs of the consumers, 507 00:29:27,520 --> 00:29:28,960 Speaker 1: and that seems to be the story coming out of 508 00:29:29,000 --> 00:29:31,840 Speaker 1: Walmart at a target um. But then you have the 509 00:29:31,880 --> 00:29:33,760 Speaker 1: series of kind of positive news. We had best By 510 00:29:33,800 --> 00:29:36,200 Speaker 1: of course out yesterday, some good news there, but we 511 00:29:36,240 --> 00:29:39,560 Speaker 1: also had Nordstrom out yesterday. J w N is your ticker. 512 00:29:39,840 --> 00:29:43,200 Speaker 1: Shares are hired by about ten and pre market trading 513 00:29:43,520 --> 00:29:46,600 Speaker 1: after a raise its revenue forecast after the bell yesterday, 514 00:29:46,640 --> 00:29:51,640 Speaker 1: Analysts highlighting the department stores operators exposure to higher end customers. 515 00:29:51,720 --> 00:29:54,720 Speaker 1: Think about this, if you are a retailer and you 516 00:29:54,840 --> 00:29:57,840 Speaker 1: are trying to target customers that are really concerned about inflation, 517 00:29:58,280 --> 00:30:03,360 Speaker 1: what economic classes? So you're telling me Nordstrom appeals to 518 00:30:03,600 --> 00:30:08,920 Speaker 1: people who have money pretty much, and I would in 519 00:30:09,000 --> 00:30:11,400 Speaker 1: a Nordstrom. Okay, well we gotta get you in there. 520 00:30:11,400 --> 00:30:16,280 Speaker 1: There's a great flagship store, straight but I've never seen 521 00:30:16,320 --> 00:30:21,440 Speaker 1: anybody in it though. That's the conversation, but that it 522 00:30:21,600 --> 00:30:23,520 Speaker 1: is the point is they are geared towards higher end 523 00:30:23,520 --> 00:30:26,880 Speaker 1: because customers who are, for lack of better from a 524 00:30:26,920 --> 00:30:29,680 Speaker 1: little bit more insulated to whether those inflationary costs. Nevertheless, 525 00:30:29,720 --> 00:30:32,040 Speaker 1: g w N is your taker up ten percent and 526 00:30:32,080 --> 00:30:35,240 Speaker 1: It's not just them Urban outfitters up on sympathy as well. 527 00:30:35,320 --> 00:30:37,760 Speaker 1: You are b n as your taker that stock of 528 00:30:37,880 --> 00:30:39,760 Speaker 1: four percent, And I don't know if you're an urban 529 00:30:39,800 --> 00:30:43,600 Speaker 1: outfitters shopper. John, My daughter took me to you. Ready, 530 00:30:44,200 --> 00:30:49,880 Speaker 1: this is not a publicly traded company. Goodwill some sort 531 00:30:49,880 --> 00:30:53,040 Speaker 1: of fashion trend to buy used clothing. This is true. 532 00:30:53,120 --> 00:30:55,920 Speaker 1: You need to like the bill on THIAGA News sneaker distressed. 533 00:30:56,400 --> 00:31:01,040 Speaker 1: Yeah whatever, I got some great rags for painting. Bloomberg 534 00:31:01,120 --> 00:31:06,160 Speaker 1: Market for the TV Markets correspondent Cretty goopta uh right now, 535 00:31:06,320 --> 00:31:08,400 Speaker 1: I head of the cash open on Wall Street to 536 00:31:08,480 --> 00:31:11,240 Speaker 1: all Future is now thirty two points. Don't judge me. 537 00:31:11,560 --> 00:31:16,320 Speaker 1: SMP five hundred futures unchanged, NASAC futures up seventeen. You're 538 00:31:16,400 --> 00:31:23,200 Speaker 1: listening to Bloomberg Daybreak and the Bloomberg Weather for media rama. 539 00:31:23,240 --> 00:31:26,120 Speaker 1: Just Rod Caroline makes of sun and clouds. The hind 540 00:31:26,200 --> 00:31:29,640 Speaker 1: temperature seventy to seventy five degrees today tonight, partly to 541 00:31:29,920 --> 00:31:37,520 Speaker 1: mostly cloudy. The low temperature in the mid fifties. Markets 542 00:31:37,640 --> 00:31:40,680 Speaker 1: headlines and breaking news twenty four hours a day at 543 00:31:40,720 --> 00:31:44,120 Speaker 1: Bloomberg dot Com, The Bloomberg Business apt and at Bloomberg 544 00:31:44,240 --> 00:31:53,840 Speaker 1: Quick Tape. This is a Bloomberg Business flash and I'm Karen. 545 00:31:53,920 --> 00:31:57,480 Speaker 1: Moscow and US dock index futures are a little change 546 00:31:57,600 --> 00:31:59,640 Speaker 1: this morning, even bouncing around a bit. We go to 547 00:31:59,680 --> 00:32:01,400 Speaker 1: the first we're a breaking news to ask for today's 548 00:32:01,440 --> 00:32:05,800 Speaker 1: morning call. Here's Bill Maloney. Bill, good morning, and good morning, Karen. 549 00:32:05,920 --> 00:32:08,720 Speaker 1: US features are quiet right now. Down futures down fifty 550 00:32:08,760 --> 00:32:11,360 Speaker 1: seven point says if you dropped for one mastic features 551 00:32:11,440 --> 00:32:14,080 Speaker 1: are still higher by a point US a ten year. 552 00:32:14,240 --> 00:32:17,080 Speaker 1: The two point seven five percent gold is down, oil 553 00:32:17,200 --> 00:32:20,040 Speaker 1: is climbing, and bitcoin is trading higher by one percent. 554 00:32:20,400 --> 00:32:23,800 Speaker 1: Shanghai rose one percent overnight, while up markets are also 555 00:32:23,880 --> 00:32:25,960 Speaker 1: in the green this morning and back in the US 556 00:32:26,040 --> 00:32:28,520 Speaker 1: on the economic front, at eight thirty durable goods orders 557 00:32:28,680 --> 00:32:30,720 Speaker 1: and at two o'clock minutes from the f O m 558 00:32:30,840 --> 00:32:33,840 Speaker 1: C after Bellist night, into It report it's best quarter 559 00:32:34,000 --> 00:32:37,480 Speaker 1: on record norths from meat on sales and boosted guidance 560 00:32:37,520 --> 00:32:40,840 Speaker 1: and told Brothers feed estimates regarding earnings. This morning, look 561 00:32:40,880 --> 00:32:43,280 Speaker 1: for Dick Sporting to report in the pre market and 562 00:32:43,400 --> 00:32:46,960 Speaker 1: wrapping things up, Seem Group raised to over over outperform 563 00:32:47,360 --> 00:32:50,160 Speaker 1: over at Oppenheimer Live from the first to breaking news 564 00:32:50,240 --> 00:32:52,320 Speaker 1: desk on Bill Maloney care all right, Bill, thank you 565 00:32:52,360 --> 00:32:54,640 Speaker 1: to hear live breaking news over your Bloomberg type squawk 566 00:32:54,680 --> 00:32:56,840 Speaker 1: on your termin I'll ask you a w K and 567 00:32:56,880 --> 00:32:59,320 Speaker 1: that's a Bloomberg business flash. Now here's Michael Barrow with 568 00:32:59,400 --> 00:33:02,040 Speaker 1: more on let's going on around the world. Michael Karen, 569 00:33:02,080 --> 00:33:05,160 Speaker 1: thank you very much of visibly angry. President Biden addressed 570 00:33:05,160 --> 00:33:08,040 Speaker 1: the nation, renewing his call for the reform of gun laws. 571 00:33:08,360 --> 00:33:10,719 Speaker 1: It is in response to the deadly mass shooting at 572 00:33:10,760 --> 00:33:15,000 Speaker 1: a school in Uvaldi, Texas, killing nineteen children and two adults. 573 00:33:15,440 --> 00:33:18,560 Speaker 1: It's time for those who have struck or delay or 574 00:33:18,680 --> 00:33:21,000 Speaker 1: blocked the common sense gun laws. We need to let 575 00:33:21,040 --> 00:33:25,400 Speaker 1: you know that we will not forget. We can do 576 00:33:25,600 --> 00:33:29,320 Speaker 1: so much more. We have to do more. The eighteen 577 00:33:29,400 --> 00:33:32,320 Speaker 1: year old gunman in the school shooting was killed by authorities. 578 00:33:32,920 --> 00:33:36,680 Speaker 1: Georgia Governor Brian Kemp has easily beat Donald Trump's handpicked 579 00:33:36,760 --> 00:33:40,320 Speaker 1: challenger in a Republican primary. Former Senator David Purdue. Camp 580 00:33:40,400 --> 00:33:44,320 Speaker 1: had seventy eight percent Perdue received tent. Kemp will face 581 00:33:44,400 --> 00:33:48,360 Speaker 1: Democrats Stacy Abrams this fall. Republican Herschel Walker will face 582 00:33:48,480 --> 00:33:53,120 Speaker 1: Democratic incumbent Senator Raphael Warnock to represent Georgia in the 583 00:33:53,200 --> 00:33:56,800 Speaker 1: November general election. Walker received sixty eight percent of the vote. 584 00:33:57,240 --> 00:34:00,440 Speaker 1: NHL Playoff, the Rangers beat the Hurricanes the series outside 585 00:34:00,480 --> 00:34:03,680 Speaker 1: the two games apiece. Baseball, the Yankees beat the Orioles. 586 00:34:03,720 --> 00:34:06,040 Speaker 1: The Metal loss to the Giants, Red Sox in ase one. 587 00:34:06,080 --> 00:34:09,839 Speaker 1: The Nationals lost NBA Playoffs. The Mavericks stay alive as 588 00:34:09,880 --> 00:34:12,880 Speaker 1: they beat the Warriors. Global News twenty four hours a 589 00:34:12,960 --> 00:34:15,840 Speaker 1: day on air and on Bloomberg Quick Take, powered by 590 00:34:15,920 --> 00:34:18,440 Speaker 1: more than seven hundred journalists and analysts more than a 591 00:34:18,520 --> 00:34:21,840 Speaker 1: hundred twenty countries. Michael bar this is Bloomberg. John alright, Michael, 592 00:34:21,880 --> 00:34:24,960 Speaker 1: thank you. We are live from the Bloomberg Interactive Broker Studios, 593 00:34:25,040 --> 00:34:27,920 Speaker 1: where it is coming up on six fifty on Wall Street. 594 00:34:27,960 --> 00:34:30,719 Speaker 1: Time to check what's going on in d C. And 595 00:34:30,880 --> 00:34:33,160 Speaker 1: just a couple of stories in the nation's capital and 596 00:34:33,360 --> 00:34:36,240 Speaker 1: around the country. We're focusing on this morning, President Biden 597 00:34:36,280 --> 00:34:41,400 Speaker 1: demanding the US stand up to gunmakers after the Texas attack, 598 00:34:42,120 --> 00:34:45,000 Speaker 1: and Georgia Governor Brian Camp Secretary of State that Brad 599 00:34:45,080 --> 00:34:49,319 Speaker 1: Rathsenberger winning their primaries yesterday. Let's take a deeper dive 600 00:34:49,520 --> 00:34:53,320 Speaker 1: into these stories. This morning, we are joined by Wendy Schiller, 601 00:34:53,719 --> 00:34:57,200 Speaker 1: a Brown University from Brown University's Talent Center for American 602 00:34:57,280 --> 00:35:01,440 Speaker 1: Politics and Policy. Wendy, I'll just start off by asking 603 00:35:01,440 --> 00:35:05,480 Speaker 1: you why have there been no real electoral consequences for 604 00:35:05,800 --> 00:35:10,720 Speaker 1: opposition to even modest restrictions on weaponry in the United 605 00:35:10,760 --> 00:35:14,440 Speaker 1: States for politicians? Good morning, John, I mean a lot 606 00:35:14,520 --> 00:35:17,160 Speaker 1: of it, uh is. You know, we focused the federal level, 607 00:35:17,480 --> 00:35:21,040 Speaker 1: but even when government passes a gun law, for example, 608 00:35:21,080 --> 00:35:23,479 Speaker 1: in domestic violence, for example, there's laws on the books 609 00:35:23,520 --> 00:35:25,960 Speaker 1: for misdemeanor violations you can't have a gun, or if 610 00:35:26,000 --> 00:35:28,520 Speaker 1: you're under restraining or you can't have a gun. Enforcing 611 00:35:28,560 --> 00:35:30,600 Speaker 1: that that's at the state level, and states have to 612 00:35:30,640 --> 00:35:32,840 Speaker 1: pass their own laws that go along with the federal 613 00:35:32,920 --> 00:35:36,160 Speaker 1: governments laws, and then local law enforcement and the state 614 00:35:36,239 --> 00:35:38,680 Speaker 1: government has to do their job to enforce it. So 615 00:35:38,840 --> 00:35:40,759 Speaker 1: what's happened is that we have some states to do 616 00:35:40,880 --> 00:35:43,280 Speaker 1: that in many states that don't. That's just one example. 617 00:35:43,640 --> 00:35:47,600 Speaker 1: So focusing on federal laws, I think, um for advocates 618 00:35:47,760 --> 00:35:50,600 Speaker 1: can times be mistake because on the ground, what really 619 00:35:50,640 --> 00:35:53,200 Speaker 1: prevents somebody from having a gun. It's a successful background 620 00:35:53,280 --> 00:35:56,720 Speaker 1: check for one thing, and enforcement of laws on the books, 621 00:35:56,920 --> 00:35:59,280 Speaker 1: so we're not we don't see that uniformly across the country. 622 00:35:59,560 --> 00:36:02,080 Speaker 1: Second it um, I think when you're thinking about this 623 00:36:02,880 --> 00:36:04,960 Speaker 1: for consequences, you know, people say, oh, the n r 624 00:36:05,000 --> 00:36:08,279 Speaker 1: A and a National Arms Association, that's gone. The Republican 625 00:36:08,360 --> 00:36:12,200 Speaker 1: Party itself has adopted a you know, basic premise you 626 00:36:12,320 --> 00:36:15,040 Speaker 1: can't restrict my access to a gun. That's just across 627 00:36:15,120 --> 00:36:17,200 Speaker 1: the whole country, and even more so today than it 628 00:36:17,320 --> 00:36:20,359 Speaker 1: was twenty years ago. So thinking about the lobby, um, 629 00:36:20,600 --> 00:36:22,520 Speaker 1: you know, I know that's what the President said. But 630 00:36:22,600 --> 00:36:24,640 Speaker 1: in the end of the day, the Republican Party itself 631 00:36:24,960 --> 00:36:28,480 Speaker 1: has adopted this premise and its base supports that premise. 632 00:36:29,160 --> 00:36:31,239 Speaker 1: Is there is this an issue for Does it make 633 00:36:31,280 --> 00:36:34,839 Speaker 1: a difference for the November elections the general elections? Well, 634 00:36:34,880 --> 00:36:37,680 Speaker 1: I mean, I think in various tasty Republican states in Texas, 635 00:36:37,760 --> 00:36:41,480 Speaker 1: for example, where people believe that law abiding citizens have 636 00:36:41,640 --> 00:36:44,040 Speaker 1: guns and are responsible what the guns should not be 637 00:36:44,120 --> 00:36:46,360 Speaker 1: penalized for people who have used them. The question is 638 00:36:46,640 --> 00:36:48,839 Speaker 1: do you want an eighteen year old to be able 639 00:36:48,880 --> 00:36:51,400 Speaker 1: to have an assault weapon? I mean, it's not hunting 640 00:36:51,520 --> 00:36:54,279 Speaker 1: rightful per se, it's an assault well weapon, and that's 641 00:36:54,320 --> 00:36:57,040 Speaker 1: what people have to ask themselves in their state communities, 642 00:36:57,080 --> 00:37:00,759 Speaker 1: their local communities as much as the national community. And 643 00:37:00,880 --> 00:37:04,160 Speaker 1: the answer is primarily Yet, you know, we're willing to 644 00:37:04,280 --> 00:37:07,520 Speaker 1: take that risk because we think, and we've been persuaded 645 00:37:07,560 --> 00:37:09,520 Speaker 1: by thirty years of rhetorics from the n right but 646 00:37:09,600 --> 00:37:12,880 Speaker 1: also the Republicans, is that if you take away that weapon, 647 00:37:13,120 --> 00:37:15,439 Speaker 1: it's take all my other rights to own a gun. 648 00:37:15,920 --> 00:37:17,920 Speaker 1: And you know it's not just Republican states. Also in 649 00:37:17,920 --> 00:37:20,680 Speaker 1: New York has a areas theoretically a liberal state and 650 00:37:20,760 --> 00:37:23,800 Speaker 1: necessarily high rate of gun ownership. So this is just 651 00:37:23,960 --> 00:37:27,000 Speaker 1: pervasive now. So there are no consequences to this because 652 00:37:27,040 --> 00:37:29,279 Speaker 1: people think, well, it won't happen in my community, which 653 00:37:29,280 --> 00:37:33,839 Speaker 1: we're increasingly seeing is a myth. But second um, it's 654 00:37:33,920 --> 00:37:38,080 Speaker 1: just been too highly um connected to my individual right 655 00:37:38,160 --> 00:37:40,799 Speaker 1: to own a gun to protect myself and people are 656 00:37:40,960 --> 00:37:43,600 Speaker 1: not willing to trade that for more security. Well, does 657 00:37:43,640 --> 00:37:47,160 Speaker 1: it bring up more people to the general election? No, 658 00:37:47,480 --> 00:37:50,759 Speaker 1: I mean we haven't seen that happen ever. Really, we've 659 00:37:50,760 --> 00:37:52,960 Speaker 1: had you know, column mine going back to the first 660 00:37:53,000 --> 00:37:56,400 Speaker 1: sort of big, big high school shooting that we were 661 00:37:56,560 --> 00:38:00,359 Speaker 1: in our consciousness and that no. Uh. I think other 662 00:38:00,440 --> 00:38:02,840 Speaker 1: issues like abortion, for example, will be a much bigger 663 00:38:02,920 --> 00:38:06,840 Speaker 1: mobilizer I think in general from November than these tragedies 664 00:38:06,880 --> 00:38:09,520 Speaker 1: that have been happening. After the primary yesterday, here's the 665 00:38:09,640 --> 00:38:13,920 Speaker 1: headline from the Atlanta Journal Constitution. Uh, the Trump revenge 666 00:38:14,120 --> 00:38:18,520 Speaker 1: tour derailed in Georgia. Uh. What's the takeaway from the 667 00:38:18,600 --> 00:38:22,480 Speaker 1: primary yesterday? The takeaway I think is that, um, that 668 00:38:23,000 --> 00:38:26,520 Speaker 1: you know, former President Trump's influence uh, you know, on 669 00:38:26,600 --> 00:38:31,000 Speaker 1: a personal level is limited. Sometimes he can sway a population, 670 00:38:31,080 --> 00:38:33,839 Speaker 1: like maybe in Ohio in the Senate race or Pennsylvania, 671 00:38:34,000 --> 00:38:36,239 Speaker 1: but sometimes he can't, which seems to make sense to 672 00:38:36,480 --> 00:38:38,719 Speaker 1: most people who watched politics. The figure difference is that 673 00:38:39,120 --> 00:38:42,920 Speaker 1: his um rhetoric about the twenty election is still alive 674 00:38:43,000 --> 00:38:45,600 Speaker 1: and well uh and taking the party to the right, 675 00:38:45,640 --> 00:38:48,840 Speaker 1: particularly on things like immigration and other things. Um, that's 676 00:38:48,840 --> 00:38:51,480 Speaker 1: still the big fabric of the Republican Party. So his 677 00:38:51,640 --> 00:38:54,120 Speaker 1: impression on the party he's shaving on the party, I 678 00:38:54,160 --> 00:38:56,960 Speaker 1: think is still vibrant. He himself may not be a 679 00:38:57,000 --> 00:38:59,000 Speaker 1: player anymore, but there's just people who are going to 680 00:38:59,040 --> 00:39:00,919 Speaker 1: be just like him, who are coming up the rank. 681 00:39:01,040 --> 00:39:02,799 Speaker 1: So I don't think any of it would call Kemp 682 00:39:02,880 --> 00:39:06,239 Speaker 1: a moderate. He's a very conservative Republican. He was before 683 00:39:06,280 --> 00:39:08,480 Speaker 1: Trump and he will be after Trump. UM. But it 684 00:39:08,560 --> 00:39:11,320 Speaker 1: just shows that their Pubican party itself has adopted his 685 00:39:11,440 --> 00:39:14,440 Speaker 1: winning slogans, and sooner or later they're going to figure 686 00:39:14,440 --> 00:39:17,800 Speaker 1: out they don't need him. Cam's gonna face uh Stacy 687 00:39:17,880 --> 00:39:21,000 Speaker 1: Abrams the Democrat, and I guess it's a rematch or there. 688 00:39:21,520 --> 00:39:25,920 Speaker 1: They've done this before, back in what the what's the utcome? Well, 689 00:39:26,000 --> 00:39:29,520 Speaker 1: what's the interesting dynamic and Georgia is that, unlike previous races, 690 00:39:29,760 --> 00:39:33,080 Speaker 1: the Senate race has an African American incumbent Warnock against 691 00:39:33,160 --> 00:39:36,480 Speaker 1: an African American Republican challenger. So that's gonna sort of 692 00:39:36,760 --> 00:39:39,040 Speaker 1: be interesting to watch the African American vote. Do they 693 00:39:39,080 --> 00:39:41,840 Speaker 1: actually split their vote? It's not just the same dynamic 694 00:39:41,920 --> 00:39:45,880 Speaker 1: between a black candidate and a white candidate, which Jaishaw 695 00:39:45,920 --> 00:39:49,080 Speaker 1: Walker we can draw. Different candidate doesn't turn out. So 696 00:39:49,239 --> 00:39:52,239 Speaker 1: Stacy Abrams is very successful in getting turnout last time, 697 00:39:52,480 --> 00:39:55,040 Speaker 1: as was Rough Warnock in a special election. The question 698 00:39:55,160 --> 00:39:57,360 Speaker 1: is ken may worked their quote unquote magic not just 699 00:39:57,440 --> 00:40:01,319 Speaker 1: someone black voters, but among progressives and other Democrats UM 700 00:40:01,440 --> 00:40:04,480 Speaker 1: in big enough numbers because Republicans are mobilized and the 701 00:40:04,560 --> 00:40:07,000 Speaker 1: out party of the White House usually turns out in 702 00:40:07,080 --> 00:40:09,279 Speaker 1: much bigger numbers in the mid term than the than 703 00:40:09,360 --> 00:40:13,920 Speaker 1: the in party facts Wendy appreciated Wendy Schiller Round University's 704 00:40:13,920 --> 00:40:18,239 Speaker 1: Talman Center for American Politics and Policy. You've got to 705 00:40:18,239 --> 00:40:20,680 Speaker 1: read more about this on Bloomberg dot com or the 706 00:40:20,719 --> 00:40:23,760 Speaker 1: Bloomberg terminal as well, and also reminder you can follow 707 00:40:23,880 --> 00:40:28,160 Speaker 1: all the latest on Bloomberg Radio in Washington. That's Bloomberg 708 00:40:29,360 --> 00:40:33,000 Speaker 1: at one five point seven FM h D two. Karen, 709 00:40:33,239 --> 00:40:36,040 Speaker 1: all right, John, thank you, sixty five on Wall Street 710 00:40:36,080 --> 00:40:38,319 Speaker 1: and we turned to news in science and technology now 711 00:40:38,400 --> 00:40:41,040 Speaker 1: with the Bloomberg and J A. T. STEM Report. It 712 00:40:41,160 --> 00:40:43,600 Speaker 1: is brought to you by New Jersey Institute of Technology, 713 00:40:43,719 --> 00:40:47,160 Speaker 1: one of the nation's leading polytechnic universities and a top 714 00:40:47,239 --> 00:40:49,640 Speaker 1: military friendly school. Learn more at n j i T 715 00:40:49,800 --> 00:40:53,120 Speaker 1: dot edu, slash veterans and now here's it's making news 716 00:40:53,200 --> 00:40:56,560 Speaker 1: in science, Technology, engineering, and math. Feisser says it will 717 00:40:56,600 --> 00:40:59,840 Speaker 1: provide nearly two dozen products, including its top selling co 718 00:41:00,040 --> 00:41:03,600 Speaker 1: in nineteen vaccine and treatment at not for profit prices 719 00:41:03,719 --> 00:41:06,120 Speaker 1: and some of the world's poorest countries. The drug maker 720 00:41:06,160 --> 00:41:09,120 Speaker 1: announced the program at the World Economic Forum's annual gathering 721 00:41:09,160 --> 00:41:12,120 Speaker 1: in Davos, Switzerland. Most of the countries are in Africa, 722 00:41:12,239 --> 00:41:16,320 Speaker 1: but the list also includes Haiti, Syria, Cambodia, and North Korea. 723 00:41:16,840 --> 00:41:20,359 Speaker 1: California water officials voted to force local agencies to step 724 00:41:20,440 --> 00:41:23,320 Speaker 1: up their conservation efforts, admitted drought that will get worse 725 00:41:23,800 --> 00:41:26,200 Speaker 1: as the state enters the hot and dry summer. The 726 00:41:26,280 --> 00:41:30,080 Speaker 1: California Water Resources Control Board passed an emergency measure that 727 00:41:30,120 --> 00:41:33,120 Speaker 1: will require agencies to put in place contingency plans for 728 00:41:33,239 --> 00:41:36,799 Speaker 1: up to a twenty shortage in water supplies. And well, 729 00:41:36,840 --> 00:41:41,239 Speaker 1: it's not yet a recognized medical or psychological diagnosis, psychologists 730 00:41:41,400 --> 00:41:44,920 Speaker 1: estimate that somewhere between five to ten percent of Americans 731 00:41:45,000 --> 00:41:49,320 Speaker 1: suffer from an addiction to social media. Digital marketing agency 732 00:41:49,400 --> 00:41:52,520 Speaker 1: Hennessy Digital recently analyzed the number of Google searches for 733 00:41:52,640 --> 00:41:56,160 Speaker 1: social media platforms in each state. The five states obsessed 734 00:41:56,200 --> 00:42:01,080 Speaker 1: with social media the least where Hawaii, Alaska, Louis Siana, Nevada, 735 00:42:01,560 --> 00:42:04,200 Speaker 1: and Arkansas. And that's the Bloomberg n j I t 736 00:42:04,560 --> 00:42:08,160 Speaker 1: STEM report and futures this morning are moving lower. S 737 00:42:08,200 --> 00:42:10,560 Speaker 1: and P future is down about seven points now dal 738 00:42:10,680 --> 00:42:13,160 Speaker 1: Future is down seventy four and nasdag Future is down 739 00:42:13,200 --> 00:42:16,560 Speaker 1: about twelve. Ten year Treasury Little change yield two point 740 00:42:16,640 --> 00:42:19,200 Speaker 1: seven four percent and they yield on the two year 741 00:42:19,880 --> 00:42:23,239 Speaker 1: is at two point five and nimex screwed oil is 742 00:42:23,280 --> 00:42:25,319 Speaker 1: at one point three percent of a dollar forty one 743 00:42:25,400 --> 00:42:28,320 Speaker 1: and a hundred eleven dollars twenty cents of barrel Comex 744 00:42:28,360 --> 00:42:30,880 Speaker 1: Schoold is down eight ten percent or fourteen dollars sixty 745 00:42:30,920 --> 00:42:34,600 Speaker 1: cents at eighteen fifty six eighty announced Bitcoin at twenty 746 00:42:34,680 --> 00:42:38,640 Speaker 1: nine thousand, seven hundred dollars and Bloomberg Surveillance coming to 747 00:42:38,760 --> 00:42:41,640 Speaker 1: us from the World Economic Forum in Davos, Switzerland with 748 00:42:41,800 --> 00:42:44,759 Speaker 1: Tom Keene and Lisa of Ramowitz for John Tucker on 749 00:42:44,880 --> 00:42:47,440 Speaker 1: Karen Moscow and this is Bloomberg