Speaker 1: From the Bloomberg Interactive Burger Studios. This is Bloomberg day
Speaker 1: Break for Wednesday two. Coming up this hour, President Biden
Speaker 1: reacts to another deadly school shooting. We will not forget.
Speaker 1: We can do so much more. We have to do more.
Speaker 1: Plus candidates fact by Donald trumple loose and win primaries
Speaker 1: in Georgia, and the FED releases minutes from its May
Speaker 1: policy meeting. The n y p D says there has
Speaker 1: been an arrest in a deadly subway shooting. Plus the
Speaker 1: second ship in the Baby formula and overseas arrives in
Speaker 1: the US today. I'm Michael blar more a half. I
Speaker 1: was got Sevomburg, the Rangers even up their playoff series,
Speaker 1: the Yankees staff there losing shriek, and the Mets losing
Speaker 1: wild Water out West. I'll have that more coming up
Speaker 1: in sports. That's all s training head on Bloomberg Daybreak
Speaker 1: on Bloomberg eleven three on New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine sixty,
Speaker 1: San Francisco, Sirius XAM one nineteen and around the world
Speaker 1: Old on Bloomberg Radio dot Com and via the Bloomberg
Speaker 1: Business app and good morning. I'm Karen Moscow and I'm
Speaker 1: John Tucker Bloomberg Day Gregg being drunt you by B
Speaker 1: and Y Melon. Persian's Inside Conference back in person June
Speaker 1: fifteenth through the seventeenth at the Gaylord Resort in Grapevine, Texas.
Speaker 1: Don't miss it. Runches are now at the inside dot
Speaker 1: B and y Melon dot com, and US futures are
Speaker 1: a little change this morning. Ten year Treasury also little changed,
Speaker 1: up one thirty second yell two point seven four percent
Speaker 1: yield on the two year two point five one percent.
Speaker 1: Nine X screwed oil is at one and a half
Speaker 1: percent of a dollar sixty nine and a hundred eleven
Speaker 1: dollars forty six cents in barrel. And look at a
Speaker 1: bitcoin this morning. It's higher a more than one percent,
Speaker 1: at twenty nine eight hundred dollars. John and Karen will
Speaker 1: have more on the markets in a minute. First, the
Speaker 1: latest on the deadly shooting at the US grade school,
Speaker 1: the deadliest shooting at a US grade school since Sandy
Speaker 1: Hook Elementary in Connecticut. At least nineteen children at two
Speaker 1: adults were killed by an eighteen year old gunman at
Speaker 1: a Texas elementary school. The shooting is drawn emotional and
Speaker 1: angry reaction from President Biden. Bloomberg's at Baxter has more
Speaker 1: Biden tapping into the anguish to lose a child, It
Speaker 1: was like having a soul rot and pivoting quickly to
Speaker 1: gun control. As a nation. We have to ask when
Speaker 1: in God's name we're going to stand up to the
Speaker 1: gun Mommy and answers when we passed his saw weapons pan,
Speaker 1: mass shootings went down. When the law expired, mass shootings triple,
Speaker 1: the President saying it's time for Congress to move back
Speaker 1: in San Francisco, I'm at Baxter Bloomberg day break. All right,
Speaker 1: thanks said, And in the interest of transparency, we should
Speaker 1: know Blankael Bloomberg, founder majority owner of Bloomberg Elpy, the
Speaker 1: parent of Bloomberg Radio, is a donor to groups that
Speaker 1: support gun control. Well. The Texas shooting took place just
Speaker 1: ten days after a gun and opened fire at a
Speaker 1: Buffalo supermarket in a racist attack. Anger overflowed among Amerry
Speaker 1: agains who have long demanded legislation to prevent gun violence.
Speaker 1: Bloomberg Politics contributor Genie she haan Zano discussed the issue
Speaker 1: with Bloomberg Joe Matthew, It's never too early to start
Speaker 1: talking solutions because this is not again an isolated incident.
Speaker 1: This change of politics good backfire, It can backfire, but
Speaker 1: you know what that should be nobody's concern, and particularly
Speaker 1: this presidents. This is going on and on. It has
Speaker 1: to be addressed. The problem is can you move anything
Speaker 1: like this through the US Congress today? And sadly the
Speaker 1: answer is no. Bloomberg Politics contributor Genie she hans Zano
Speaker 1: speaking with Joe Matthew on Bloomberg Sound On. Catch the
Speaker 1: program weekdays at five pm Eastern on Bloomberg. Right you,
Speaker 1: And another major story we're following this morning, the key
Speaker 1: primary races across the country. We begin to Georgia, where
Speaker 1: Candida is backed by President Donald Trump, had both won
Speaker 1: and lost. Amy Morris has details from our Bloomberg newsroom
Speaker 1: in Washington. Georgia Governor Brian Kemp and Secretary of State
Speaker 1: Brad Ravensburger, both targets of former President Donald Trump, both
Speaker 1: won their primaries. Camp beat David Purdue with seventy three
Speaker 1: point seven percent of the vote, and we'll face off
Speaker 1: against Democrats Stacy Abrams, who ran unopposed Ravensburger beat Jodie
Speaker 1: his with fifty two point two percent of the vote.
Speaker 1: Former football great Herschel Walker, who was also backed by Trump,
Speaker 1: won the GOP Senate primary with sixty eight point three
Speaker 1: percent of the vote, and he'll face Democrat incumbent Raphael Warnock,
Speaker 1: who won with nearly nineties six percent of the vote.
Speaker 1: Marjorie Taylor Green one her GOP House primary with sixty
Speaker 1: nine point five percent of the vote in Washington. I'm
Speaker 1: Amy Morris, Bloomberg Daybreak. All right, Amy, thank you. We
Speaker 1: continue our team coverage of those primary races now, but
Speaker 1: they'll get some other results and Bloomberg's rned A Young
Speaker 1: joins US Live with Moore. Good morning, Nita, Karen, Good morning.
Speaker 1: The Republican Senate primary heads into a runoff in Alabama
Speaker 1: with Katie Britt and US Representative Moe Brooks. Britt garnered
Speaker 1: percent of the vote to twenty nine percent for Brooks.
Speaker 1: Former White House Press Secretary Sarah Sanders wins the GOP
Speaker 1: nomination for governor in Arkansas with three of the vote,
Speaker 1: and Texas Attorney General Ken Paxton wins the GOP nomination
Speaker 1: for re election with nearly sixty eight percent of the vote.
Speaker 1: He was up against a member of the Bush political dynasty,
Speaker 1: beating George P. Bush in the contest. Paxton is still
Speaker 1: under indictment for securities fraud and an FBI investigation. Live
Speaker 1: in New York, I'm gonna need a young Bloomberg day break,
Speaker 1: and turning to the markets. US futures right now, they
Speaker 1: are higher following a late day roundy on Wall Street
Speaker 1: which saw the down Jones industrial average, clothes higher in
Speaker 1: the s and P five hundred pair losses. FED policy
Speaker 1: continues to dominate market moves, and today we're gonna get
Speaker 1: more clues on how high interest rates may go and
Speaker 1: how fast. The FED releases minutes from its policy meeting
Speaker 1: at two pm Wall Street time. Bloomberg's Michael McKee has details,
Speaker 1: and unusually open FED has all that promised to consecutive
Speaker 1: half percentage point RADI increases in June and July. What
Speaker 1: they haven't publicly agreed on is what howapens after that.
Speaker 1: That's why investors and endlysts will be parsing the minutes
Speaker 1: of their main meeting for clues to how far FED
Speaker 1: officials think they need to go and how quickly something
Speaker 1: else to look for move away from discussing the concept
Speaker 1: of a neutral rate target in favor of following financial conditions,
Speaker 1: which have tightened significantly the past two months. If that continues,
Speaker 1: they may not have to raise rates as much. Michael McKee,
Speaker 1: Bloomberg Daybreak, All right, Michael, thank you. Highly anticipated Twitter
Speaker 1: shareholder meeting also takes place today, and we get a
Speaker 1: preview from Bloomberg's Tom Busby. Well, you can expect a
Speaker 1: tumultuous meeting today, and it's all about money. Forty four
Speaker 1: billion dollars. Twitter's board says Elon Musk's forty four billion
Speaker 1: dollar agreement to buy the site is a done deal.
Speaker 1: There's no negotiating on the sale price, and it's urging
Speaker 1: its shareholders to approve the deal. But Musk is balking,
Speaker 1: saying he'll only move forward if the company is transparent
Speaker 1: about all the fake bots and spam accounts on the platform.
Speaker 1: Many think that Musk either as cold feet about agreement
Speaker 1: or is merely angling for a sharply lower price. Tom Busby,
Speaker 1: Bloomberg Daybreak, All right, Tom, thank you, And right now,
Speaker 1: futures are high er s ANDP futures up about six
Speaker 1: points down. Future is up sixteen. Nastack Future is up
Speaker 1: twenty four trying to hand your latest local headlines plus
Speaker 1: a check of sports. And this is Bloomberg. All right, thanks,
Speaker 1: Karen six said on Wall Streets. Time to bring in
Speaker 1: Michael Barr to find out what else is going on
Speaker 1: in New York and around the world. John, thank you
Speaker 1: very much. Sarah Man, suspected of abruptly pulling a gun
Speaker 1: and killing a stranger on a New York City subway train,
Speaker 1: has been arrested. Police say they don't yet know what
Speaker 1: motivated the apparently unprovoked attack. Andrew Abdulla was taken into
Speaker 1: custody hours after the thirties posted his name and photo
Speaker 1: on social media and implored the public to help find
Speaker 1: a New York Mayor Eric Adams, the fact is he
Speaker 1: is the posted child of many people who leave they
Speaker 1: can create violence without any repercussion at all. Mayor Adams
Speaker 1: says the year old is expected to face a murder
Speaker 1: charge in the death of forty eight year old Daniel Enriquez. Earlier,
Speaker 1: Mayor Adams commented on a report from the National Oceanic
Speaker 1: and Atmospheric Administration NOAH released their predictions for the Atlantic
Speaker 1: hurricane season outlook predicting an above normal storm season for
Speaker 1: a seventh year in a row and up to six
Speaker 1: major hurricanes impacting the country. Adams says it is essential
Speaker 1: for New Yorkers to understand their risks and evacuation plans
Speaker 1: before these kinds of weather events struk. Coastal storms, hurricanes,
Speaker 1: and floods. UH preparation is everything, and today this announcement
Speaker 1: is allowing all of our agencies and New Yorkers to
Speaker 1: be prepared. Mayor Adams reflected on Hurricane Ida, which killed
Speaker 1: more than a dozen New Yorkers last fall. With flash floods.
Speaker 1: Representative Antonio del Ghana will be sworn in as New
Speaker 1: York's Lieutenant govern Their Governor Kathy Hokel will swear in
Speaker 1: Delgado today. Senate Majority Leader Chuck Schumer wants the opportunity
Speaker 1: to debate domestic terrorism on the floor of the Senate.
Speaker 1: It's a simple question, should the Senate consider a bill
Speaker 1: to crack down on domestic terrorism and extremism? Yes? Or no.
Speaker 1: We need to take the first step to fight domestic terrorism.
Speaker 1: We'll see where everyone falls. Senator Schumer of New York
Speaker 1: also called against voter suppression. First Lady Jill Biden and
Speaker 1: Surgeon General Doctor Vivic Murphy will greet the arrival of
Speaker 1: the second shipment of Baby Formula through Operation Fly Formula
Speaker 1: FedEx Plaine, traveling from Germany. Pact with Formula lands today
Speaker 1: at Dullest Airport outside of Washington. South Korea says it
Speaker 1: appears North Korea has test launched an intercontinental ballistic missile.
Speaker 1: The South says the North also tested to other missiles.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quicksake, powered by more than twenty seven hundred
Speaker 1: journalists and analysts, more than a dwy Ton three. I'm
Speaker 1: Michael Barr. This is Bloomberg, John, Michael, Thank you. Andy
Speaker 1: is now six ten on wool Street. Time for the
Speaker 1: Bloomberg Sports Update. Good morning, Scott Sideberg, Good morning John.
Speaker 1: The Rangers beat the Hurricanes FLO one to even up
Speaker 1: their playoff series at two games a piece. Frank for
Speaker 1: trying to open up the scoring on the power play.
Speaker 1: Adam Fox because advantage. Ad and Andrew Copp also scored,
Speaker 1: while Igor Shusturkin made thirty saves. Here was Gerard Glant competed?
Speaker 1: Heard the first payer was probably the best payerd of
Speaker 1: hockey I seen this year from Bowl team, not just us.
Speaker 1: It was death, back and forth. It was I thought
Speaker 1: it could have been four tu per I thought less
Speaker 1: after the first player of goals. Withstanding elsewhere, the Oilers
Speaker 1: took a three one series lead over the Flames with
Speaker 1: a five three win. NBA Playoffs last night, the Mavericks
Speaker 1: avoid elimination, beating the Warriors one nineteen one On nine. Tonight,
Speaker 1: Eastern Conference Finals Game five, the Heat and Celtics tied
Speaker 1: at two games apiece. Jose Trevino, with a big name
Speaker 1: for the Yankees the solo We're in the third, a
Speaker 1: game time single in the seventh, and the walk off
Speaker 1: winner in the bottom of the eleventh, as the Yankee
Speaker 1: snapped their season high three game losing streak, beating the
Speaker 1: Orioles seven six. The Medicine Giants playing a back and
Speaker 1: forth game last night in San Francisco, the Mets scoring
Speaker 1: ten runs in the seventh, eighth, and ninth innings combined.
Speaker 1: They erase a six run Deafens hit, but would lose
Speaker 1: in the bottom of the ninth and when Daz allowing
Speaker 1: four hits, including the walkoff single to Brandon Crawford twelve,
Speaker 1: the final tennis at the French Open, Joe Wilfred Sanga's
Speaker 1: career comes to an end. He loses in the first
Speaker 1: round and retires at the age of thirty seven with
Speaker 1: eighteen career titles. Elsewhere, Americans Madison Keys and Jessica Pegoula
Speaker 1: advanced on the women's side. I'm Scott Seedinberg with Bloomberg Sports.
Speaker 1: John all right, thanks Scott, and ahead of the Casha
Speaker 1: Open on Wall Street, we have down futures right now
Speaker 1: twenty four points higher, SMP futures they are up seven
Speaker 1: points and the nights day futures thirty points higher, and
Speaker 1: we have the tenure yield the benchmark at to seventy
Speaker 1: five unchanged. This is Bloomberg Day Break, and just ahead
Speaker 1: we'll speak with Gregg Valier, the chief policy strategist at
Speaker 1: a GF. We'll take a deeper dive into the mass
Speaker 1: shooting in Texas and the results. All the primaries, markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, the Bloomberg Business Outland at Bloomberg Quicktake.
Speaker 1: This is a Bloomberg Business Lash and I'm Karen Moscow
Speaker 1: and futures are little change. This morning, nasdack futures are higher,
Speaker 1: up about twelve points, and the decks in Germany is
Speaker 1: up about a quarter percent. The tend your treasury that'll
Speaker 1: change you'll two point seven and the yield on the
Speaker 1: two year two point five. It is six seventeen on
Speaker 1: Walla Street. Time for your daily Bloomberg Crypto update. It
Speaker 1: is brought to you by Interactor Brokers. It charges margin
Speaker 1: loan race from one point three three percent to two
Speaker 1: point three three percent. Right something to change. Learn more
Speaker 1: at ibker dot com. Slash compare now with the Legician.
Speaker 1: Crypto News shares Bloomberry Shrandy to young Randy Karen. Right now,
Speaker 1: Bitcoin is trading close to thirty thousand. It's been hovering
Speaker 1: around this level ever since the terror USD stable coin
Speaker 1: collapse trigger to sell off in cryptocurrencies, so it's a
Speaker 1: good time to check in on the first country to
Speaker 1: declare bitcoin as legal tender, El Salvador, is currently down
Speaker 1: about thirty five percent. That's nearly forty million dollars on
Speaker 1: the two thousand, three hundred and one bitcoin. It's president
Speaker 1: bought with public funds since making it legal tender last year.
Speaker 1: The nation's finance minister says Bitcoin's recent price dip has
Speaker 1: even scared away potential buyers of a planned one billion
Speaker 1: dollar bitcoin backed bond, but none of this has stopped
Speaker 1: the crypto touting President. He bought another five hundred coins
Speaker 1: just last month. You know who else. It hasn't stopped
Speaker 1: us Miami mayor Francis Suarez, who says, hey, I'll still
Speaker 1: take my city salary in bitcoin, thank you very much,
Speaker 1: even after a route that sent the crypto down almost
Speaker 1: over the past two months. Suarez wants to promote Miami
Speaker 1: as a crypto and tech center, and he made the
Speaker 1: comments to a panel at the World Economic Forum in Davos, Switzerland.
Speaker 1: Metro Bloomberg Crypto Update Live in New York. I'm reneed
Speaker 1: a young Bloomberg Daybreak. Karen, all right, we need to
Speaker 1: thank you, and that's a Bloomberg business flash. Now here's
Speaker 1: Michael Barr with Moore. I'm what's going on around the world,
Speaker 1: Michael Karen, An eighteen year old gunman opened fire at
Speaker 1: a Uvaldi, Texas elementary school, killing at least nineteen children
Speaker 1: and two adults before he was killed by law enforcement. Later,
Speaker 1: a visibly angry President Biden addressed the nation renewing his
Speaker 1: call for the reform of gun laws. When we passed
Speaker 1: a sault weapons pan, my shootings went down when the
Speaker 1: law expired, my shooting triple. Georgia Governor Brian Kemp has
Speaker 1: easily beat Donald Trump's hand pick challenger in a Republican primary,
Speaker 1: former Senator David Purdue. Kemp guy seventy eight percent, Perdue
Speaker 1: received twenty two percent. In the NHL playoffs, the Rangers
Speaker 1: beat the Hurricanes. Baseball, the Yankees beat the Orioles. The
Speaker 1: Mets lost to the Giants. The Red Sox and the
Speaker 1: A's one. The Nationals lost in the NBA playoffs. The
Speaker 1: Mavericks stay alive as they beat the Warriors. Global News
Speaker 1: twenty four hours a day on air and on Bloomberg
Speaker 1: Quick Take, powered by more band journalists and analysts more
Speaker 1: than a hundred twenty countries. Michael Barr, This is Bloomberg, John, Michael,
Speaker 1: thank you very much. Is six twenty on Wall Street.
Speaker 1: We are live from the Bloomberg Interact of Broker Studios.
Speaker 1: This is Bloomberg Daybreak. Families in Texas will spend this
Speaker 1: holiday weekend bearing their children, nineteen of them and two
Speaker 1: of their teachers. In response you heard President Biden asking
Speaker 1: when are we going to stand up to the gun lobby.
Speaker 1: Let's take a deeper dive into the shooting this warning
Speaker 1: and will also examine the latest primary results. Joining us now,
Speaker 1: Gregg Valley, or chief US policy strategist at a GF Investment,
Speaker 1: I wish you could be under better circums dances, Greg,
Speaker 1: As far as I can tell, there have been no
Speaker 1: electoral consequences for opposition to even modest restrictions on civilian weapons. Um,
Speaker 1: what's next? Well, I don't see a lot. John. I
Speaker 1: wish I could tell you this morning that there will
Speaker 1: be some background checks, there will be some beginning of
Speaker 1: gun regulation. But I gotta tell you I don't see it.
Speaker 1: You need sixty votes to get anything done in the Senate,
Speaker 1: and I don't think sixty votes are there. This is
Speaker 1: such an incredibly depressing story to have all of these
Speaker 1: horrible incidents. We've had over three thousand mass murders since UH,
Speaker 1: since the school shootings in Connecticut. So I I think
Speaker 1: that this, unfortunately, is not going to lead to any reforms.
Speaker 1: Nothing happened after Sandy Hook substantial. Not only that, but
Speaker 1: the far right UH had conspiracy theories following the murders
Speaker 1: that occurred there just just absolutely bizarre. John, and I
Speaker 1: think that there was a real eye opener for everybody
Speaker 1: that you're not going to be able to get much done.
Speaker 1: The great irony here, in my opinion, is that of
Speaker 1: the American public wants some gun control. They don't want
Speaker 1: to take people's guns away. That that was obviously a
Speaker 1: lie about Hillary Clinton, but people do want to see
Speaker 1: some reforms when you get over in this country favoring anything,
Speaker 1: that's a pretty powerful number. Could this impact the November
Speaker 1: election outlook at all? It could, John, And you've got
Speaker 1: two real wild cards. One is Roe v. Wade, and
Speaker 1: we'll get a ruling on that probably in the next
Speaker 1: couple of months. And now you have this. If we
Speaker 1: no reform, which is probably the likely scenario, I do
Speaker 1: think there could be a backlash against politicians who refused
Speaker 1: to do anything at all. So it it could. I
Speaker 1: think it's a stretch to say that it could mean
Speaker 1: this the household stay uh democratic. I still think the
Speaker 1: Republicans will take the House and the Senate, though I
Speaker 1: think is becoming closer because of abortion and because of guns,
Speaker 1: and after this tragedy, Um, after the mass shooting that
Speaker 1: we saw in Buffalo. It's the National Rifle Association conference.
Speaker 1: It's uh what this Friday? Yeah, this Friday that Ted
Speaker 1: Cruz will be there. Trump and you know a lot
Speaker 1: of pro gun politicians that the n r A is
Speaker 1: running scared. There are groups that are more conservative that
Speaker 1: there are further to the right of the n r A.
Speaker 1: So I think the n r A is trying to
Speaker 1: increase its visibility and you're gonna get the same old
Speaker 1: sound bites that it's an effort by the Democrats to
Speaker 1: exploit gun violence to take away people's guns, and nothing
Speaker 1: is further from the truth. Um, you write in your
Speaker 1: note this warning, this issue isn't just about the mass murders.
Speaker 1: Could you expand on that? I'm sorry I missed the words.
Speaker 1: This's what you write in your note that this morning,
Speaker 1: this issue isn't just about mass murders. Did you expand
Speaker 1: on that? Yeah, I I think it's it's also the
Speaker 1: gun violence we've seen in so many cities Chicago, Washington, Atlanta,
Speaker 1: several other cities where we've had unprecedented gun violence, and
Speaker 1: I think that's part of this entire narrative as well
Speaker 1: as something the Republicans will throw back at the Democrats.
Speaker 1: You do have to ask the question, is there any
Speaker 1: politician in America who's willing to take on this issue.
Speaker 1: I think Steve Kerr, the coach of the Golden State Warriors,
Speaker 1: is willing to take it on, but he's not a politician.
Speaker 1: There is one pelegician who I think could be intriguing,
Speaker 1: and that's the mayor of New York City. Yeah. And
Speaker 1: you know you mentioned New York City, and you got
Speaker 1: to bring the Supreme Court into the fold because they
Speaker 1: could be ruling on local jurisdictions, including New York City's
Speaker 1: own gun control measures. The restrictions that we have here
Speaker 1: in the city need to notice. Start your day brought
Speaker 1: to you by Interactive Broker's Global Analyst. It helps you
Speaker 1: find new global investment opportunities, to diversify your portfolio and
Speaker 1: discover undervalued companies that may have greater growth potential. Try
Speaker 1: ibk our Global Analysts today at ibk R dot com
Speaker 1: slash g A. First, we begin in Texas, where at
Speaker 1: least nineteen children and two adults were killed by an
Speaker 1: eighteen year old gunman at rob Elementary School. President Biden
Speaker 1: undrest the nation last night, expressing condolences and quickly pivoting
Speaker 1: to gun legislation, where in God's name is our backbone,
Speaker 1: to the courage to do with the stand up to
Speaker 1: the lobbies, took time to turn this pain the action.
Speaker 1: President Biden, addressing the nation after the elementary school shooting
Speaker 1: in Yuvalde, Texas. We should note Michael Bloomberg, the founder
Speaker 1: and majority owner of Bloomberg LP, the parent of Bloomberg Radio,
Speaker 1: is a donor to groups that support gun control, including
Speaker 1: Every Town for Gun Safety. And down to the other
Speaker 1: major story we're following this morning, the key primary raises
Speaker 1: across the country. In Georgia, to candidates backed by Donald
Speaker 1: Trump have lost another one. Bloomberg's really be Young joins
Speaker 1: us live with to tales Ranita, Good morning, Good morning John.
Speaker 1: Georgia Governor Brian Kemp and Secretary of State Brad Ruffensburger,
Speaker 1: both targets of former President Trump, both won their primaries.
Speaker 1: Kemp beat David produced seventy three point seven percent of
Speaker 1: the vote. He'll face Democrats Stacy Abrams, who ran unopposed.
Speaker 1: Raffensburger beat Jodie heis with fifty two point two percent
Speaker 1: of the vote. Former football great Herschel Walker, also backed
Speaker 1: by Trump, won the GOLP Senate primary with sixty three
Speaker 1: percent of the vote. He'll face Democrat and commit Raphael Warnock,
Speaker 1: who secured nearly nine six percent of the vote, and
Speaker 1: Marjorie Taylor Green one herd go OP House primary with
Speaker 1: sixty nine point five percent of the vote. Live in
Speaker 1: New York, I'm gonna need a Young Bloomberg day break,
Speaker 1: all right, Renn need to thank you. Elsewhere, the Alabama
Speaker 1: Republican Senate primary has into a run off with Katie
Speaker 1: Britt and US Representative Moe Brooks. Britt garnercent of the
Speaker 1: vote to Brooks percent. Former White House Press Secretary Sarah
Speaker 1: Sanders won the GOP nomination for governor and Arkansaw with
Speaker 1: eight three percent of the vote. And Texas Attorney General
Speaker 1: Ken patched and took the GOP nomination for re election
Speaker 1: with nearly sixty percent of the vote against George P. Bush.
Speaker 1: And coming up today, we get minutes from the fans
Speaker 1: latest meeting that is coming up at two pm Wall
Speaker 1: Street time. And that's the five things you need to
Speaker 1: notice start your day. Brought to you by Interactive Brokers
Speaker 1: and again Futures this morning, little change Nowsdack futures are higher,
Speaker 1: up about fourteen points right now. The decks in Germany
Speaker 1: is up about a third of a percent. Ten. Your
Speaker 1: treasury up one thirty second yell two point seven four percent.
Speaker 1: They yield on the two year two point five one percent.
Speaker 1: Nine X Screwed oil is higher, up one point four
Speaker 1: percent of a dollar fifty eight at a hundred eleven
Speaker 1: dollars thirty four cents of barrel comics. Gold is down
Speaker 1: seven tenths percent, or thirteen dollars twenty cents at eighteen
Speaker 1: fifty eight twenty announced. The euro one point oh six
Speaker 1: six six against the dollar. Bitcoin this morning is up
Speaker 1: one percent at twenty nine thousand, seven hundred dollars. Straight
Speaker 1: ahead your latest local headlines plus a check of sports.
Speaker 1: This is Bloomberg Pari. Thanks Karen sixty three on Wall Street.
Speaker 1: Ant time to bring in Michael barn to tell us
Speaker 1: what else is going on in New York hand around
Speaker 1: the world. John, Thank you very much, sir. The n
Speaker 1: y p D says there is an arrest from Sunday's fatal,
Speaker 1: unprovoked subway shooting that left one man dead. Authorities say
Speaker 1: year old Andrew Abdullah Brooklyn turned himself into police. Della
Speaker 1: has more than twenty prior arrests on his record, including
Speaker 1: an outstanding weapons charge from last year and previous charges
Speaker 1: of assault, robbery, menacing, and grand larcening. New York Mayor
Speaker 1: Eric Adams says Abdullah is the poster child to show
Speaker 1: just how easy it is for someone dangerous to get
Speaker 1: ahold of a weapon in New York City. History of
Speaker 1: this person, any reasonable thinking New Yorkers is going to
Speaker 1: ask themselves, why is this person still on our streets.
Speaker 1: Mayor Adams says the city will work to improve the
Speaker 1: subway safety. More infant formula is arriving from overseas today
Speaker 1: to ease the u S shortage. Nearly a million, eight
Speaker 1: ounce bottles worth of ness Lee's Gerber Baby formula arrives
Speaker 1: at Dulless Airport. First Lady Jill Biden will greet the
Speaker 1: plane's arrival. The federal government is being criticized by how
Speaker 1: it has handled the shortage of formula. Health and Human
Speaker 1: Services Secretary how the Vicera says the FDA's authority is limited.
Speaker 1: If they're not policing themselves, then we have to do
Speaker 1: more to make sure we are doing the right thing
Speaker 1: for parents. We need that supply Secretary of Sarah as
Speaker 1: the formula. Shipment then heads to a Pennsylvania distribution center.
Speaker 1: One case of monkey pox has been ruled out in
Speaker 1: New York City Health Commissioner Dr Schwan Vassans said, the
Speaker 1: other is still pending confirmation. We had two suspected cases
Speaker 1: of monkey pox. One was ruled out, was negative. One
Speaker 1: tested positive for the class of viruses to which monkey
Speaker 1: fox belongs, and we're waiting on confirmation from the CDC,
Speaker 1: which we hope to get in the next day or two.
Speaker 1: Dr Vassan says the World Health Organization is identified about
Speaker 1: any cases of monkey pox around the world. South Korea
Speaker 1: says North Korea test launched a series of ballistic missiles
Speaker 1: this morning, including the bresumed intercontinental Ballistic missile and at
Speaker 1: least one short range missile. South Korea says that it
Speaker 1: is in violation of U N Security Council resolutions and
Speaker 1: a serious provocation that threatens peace on the Korean Banna
Speaker 1: Sala and the international community. Global News twenty four hours
Speaker 1: a day on airrand on Bloomberg quick Take, powered by
Speaker 1: more than seven hundred journalists and analysts more than a
Speaker 1: hundred twenty countries. Michael Barr, this is Bloomberg, John, Michael,
Speaker 1: thank you. Six thirties five hod Wall Street. Time down
Speaker 1: to the Bloomberg Sports Update. Here's Scott Suttenberg. Thanks John.
Speaker 1: The Rangers defending home ice, beating the Hurricanes for one
Speaker 1: to even up their series at two games of peace.
Speaker 1: Frank Petrano, mika's de Bennejad, Adam Fox, and Andrew copp
Speaker 1: all scored. Igor Shasturkin made thirty saves as the home
Speaker 1: team has won each of the first four games of
Speaker 1: this series. Here's Gerard Glant. I mean, really, look at
Speaker 1: the four games. It's not just a two at home,
Speaker 1: but the four games have been pretty much one goal
Speaker 1: game most of the way through it. And you know,
Speaker 1: we're two teams that are closed in battle, and you know,
Speaker 1: I just think it's been outstanding hontey by both teams. Elsewhere,
Speaker 1: the Oilers take a three one series lead over the
Speaker 1: flame S thanks to a five three win baseball. Jose
Speaker 1: Trevino with a big night for the Yankees, solo homer
Speaker 1: in the third, a game time single in the seventh,
Speaker 1: and the walkoff winner in the bottom of the eleventh,
Speaker 1: as the Yankees beat the Orioles seven six, snapping their
Speaker 1: season high three game losing streak. The Mets meanwhile played
Speaker 1: a wild game in San Francisco, rallying from eight to down,
Speaker 1: the Mets scoring ten runs in the seventh, eighth, and
Speaker 1: ninth combined, but they would fall in the bottom of
Speaker 1: the ninth as Edwin Diaz allowed four hits, including the
Speaker 1: walkoff single to Brandon Crawford. Twelve your final NBA playoffs,
Speaker 1: the Mavericks avoid the sweet beating the Warriors one nineteen
Speaker 1: one oh nine, and tonight Eastern Conference Finals Game five
Speaker 1: from Miami, the Heat and Celtics tied at two games apiece.
Speaker 1: UM Scott Seginburg with Bloomberg Sports, John all Right, thanks
Speaker 1: a lot to Scott, six thirty seven on Wall Street.
Speaker 1: Time to take a look at stocks, some of the
Speaker 1: names that are moving at the pre market. For that,
Speaker 1: we're joined by bloom a Radio on TV. Markets corresponded
Speaker 1: Critty Group, to you ever have one of their what
Speaker 1: do they called the Frosty the milkshake from Wendy's. Yeah,
Speaker 1: you turn you could turn it over and nothing comes
Speaker 1: out because it's so I have had a Frosty I
Speaker 1: think in like the third grade, and I haven't had
Speaker 1: it since then? Should I? Why are they in the
Speaker 1: news this morning? Wendy's are Frosty's w e and is
Speaker 1: your taker here? Folks? Twelve percent gains almost all percent
Speaker 1: gains in the pre market. This comes after shareholder Try
Speaker 1: and Fund Management. This is the investment vehicle of the
Speaker 1: billionaire Nelson Pelts, whose daughter, by the way, just got
Speaker 1: married to Brooklyn Beckham. That's also your little gossip from
Speaker 1: the morning. Uh, Nicole Pelts. There you go, Nicole, if
Speaker 1: you're listening, Yeah, maybe they are. Try and Fund Management
Speaker 1: has about an eleven point eight percent share of Wendy
Speaker 1: stock right now, and they said they're exploring a transact
Speaker 1: that could give it control of the fast food chain,
Speaker 1: and investors seeming to like that story up about twelve
Speaker 1: w e N So we've got a little bit of
Speaker 1: an activist stock story this morning. John, When else is going,
Speaker 1: I'm looking at the screen here, but you tell me, well,
Speaker 1: I think we have to stick with the retailer's theme
Speaker 1: that seems to be the big one here because the yeah,
Speaker 1: this idea that there's so much inflation that you can't
Speaker 1: actually perhaps pass on as many costs of the consumers,
Speaker 1: and that seems to be the story coming out of
Speaker 1: Walmart at a target um. But then you have the
Speaker 1: series of kind of positive news. We had best By
Speaker 1: of course out yesterday, some good news there, but we
Speaker 1: also had Nordstrom out yesterday. J w N is your ticker.
Speaker 1: Shares are hired by about ten and pre market trading
Speaker 1: after a raise its revenue forecast after the bell yesterday,
Speaker 1: Analysts highlighting the department stores operators exposure to higher end customers.
Speaker 1: Think about this, if you are a retailer and you
Speaker 1: are trying to target customers that are really concerned about inflation,
Speaker 1: what economic classes? So you're telling me Nordstrom appeals to
Speaker 1: people who have money pretty much, and I would in
Speaker 1: a Nordstrom. Okay, well we gotta get you in there.
Speaker 1: There's a great flagship store, straight but I've never seen
Speaker 1: anybody in it though. That's the conversation, but that it
Speaker 1: is the point is they are geared towards higher end
Speaker 1: because customers who are, for lack of better from a
Speaker 1: little bit more insulated to whether those inflationary costs. Nevertheless,
Speaker 1: g w N is your taker up ten percent and
Speaker 1: It's not just them Urban outfitters up on sympathy as well.
Speaker 1: You are b n as your taker that stock of
Speaker 1: four percent, And I don't know if you're an urban
Speaker 1: outfitters shopper. John, My daughter took me to you. Ready,
Speaker 1: this is not a publicly traded company. Goodwill some sort
Speaker 1: of fashion trend to buy used clothing. This is true.
Speaker 1: You need to like the bill on THIAGA News sneaker distressed.
Speaker 1: Yeah whatever, I got some great rags for painting. Bloomberg
Speaker 1: Market for the TV Markets correspondent Cretty goopta uh right now,
Speaker 1: I head of the cash open on Wall Street to
Speaker 1: all Future is now thirty two points. Don't judge me.
Speaker 1: SMP five hundred futures unchanged, NASAC futures up seventeen. You're
Speaker 1: listening to Bloomberg Daybreak and the Bloomberg Weather for media rama.
Speaker 1: Just Rod Caroline makes of sun and clouds. The hind
Speaker 1: temperature seventy to seventy five degrees today tonight, partly to
Speaker 1: mostly cloudy. The low temperature in the mid fifties. Markets
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, The Bloomberg Business apt and at Bloomberg
Speaker 1: Quick Tape. This is a Bloomberg Business flash and I'm Karen.
Speaker 1: Moscow and US dock index futures are a little change
Speaker 1: this morning, even bouncing around a bit. We go to
Speaker 1: the first we're a breaking news to ask for today's
Speaker 1: morning call. Here's Bill Maloney. Bill, good morning, and good morning, Karen.
Speaker 1: US features are quiet right now. Down futures down fifty
Speaker 1: seven point says if you dropped for one mastic features
Speaker 1: are still higher by a point US a ten year.
Speaker 1: The two point seven five percent gold is down, oil
Speaker 1: is climbing, and bitcoin is trading higher by one percent.
Speaker 1: Shanghai rose one percent overnight, while up markets are also
Speaker 1: in the green this morning and back in the US
Speaker 1: on the economic front, at eight thirty durable goods orders
Speaker 1: and at two o'clock minutes from the f O m
Speaker 1: C after Bellist night, into It report it's best quarter
Speaker 1: on record norths from meat on sales and boosted guidance
Speaker 1: and told Brothers feed estimates regarding earnings. This morning, look
Speaker 1: for Dick Sporting to report in the pre market and
Speaker 1: wrapping things up, Seem Group raised to over over outperform
Speaker 1: over at Oppenheimer Live from the first to breaking news
Speaker 1: desk on Bill Maloney care all right, Bill, thank you
Speaker 1: to hear live breaking news over your Bloomberg type squawk
Speaker 1: on your termin I'll ask you a w K and
Speaker 1: that's a Bloomberg business flash. Now here's Michael Barrow with
Speaker 1: more on let's going on around the world. Michael Karen,
Speaker 1: thank you very much of visibly angry. President Biden addressed
Speaker 1: the nation, renewing his call for the reform of gun laws.
Speaker 1: It is in response to the deadly mass shooting at
Speaker 1: a school in Uvaldi, Texas, killing nineteen children and two adults.
Speaker 1: It's time for those who have struck or delay or
Speaker 1: blocked the common sense gun laws. We need to let
Speaker 1: you know that we will not forget. We can do
Speaker 1: so much more. We have to do more. The eighteen
Speaker 1: year old gunman in the school shooting was killed by authorities.
Speaker 1: Georgia Governor Brian Kemp has easily beat Donald Trump's handpicked
Speaker 1: challenger in a Republican primary. Former Senator David Purdue. Camp
Speaker 1: had seventy eight percent Perdue received tent. Kemp will face
Speaker 1: Democrats Stacy Abrams this fall. Republican Herschel Walker will face
Speaker 1: Democratic incumbent Senator Raphael Warnock to represent Georgia in the
Speaker 1: November general election. Walker received sixty eight percent of the vote.
Speaker 1: NHL Playoff, the Rangers beat the Hurricanes the series outside
Speaker 1: the two games apiece. Baseball, the Yankees beat the Orioles.
Speaker 1: The Metal loss to the Giants, Red Sox in ase one.
Speaker 1: The Nationals lost NBA Playoffs. The Mavericks stay alive as
Speaker 1: they beat the Warriors. Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quick Take, powered by
Speaker 1: more than seven hundred journalists and analysts more than a
Speaker 1: hundred twenty countries. Michael bar this is Bloomberg. John alright, Michael,
Speaker 1: thank you. We are live from the Bloomberg Interactive Broker Studios,
Speaker 1: where it is coming up on six fifty on Wall Street.
Speaker 1: Time to check what's going on in d C. And
Speaker 1: just a couple of stories in the nation's capital and
Speaker 1: around the country. We're focusing on this morning, President Biden
Speaker 1: demanding the US stand up to gunmakers after the Texas attack,
Speaker 1: and Georgia Governor Brian Camp Secretary of State that Brad
Speaker 1: Rathsenberger winning their primaries yesterday. Let's take a deeper dive
Speaker 1: into these stories. This morning, we are joined by Wendy Schiller,
Speaker 1: a Brown University from Brown University's Talent Center for American
Speaker 1: Politics and Policy. Wendy, I'll just start off by asking
Speaker 1: you why have there been no real electoral consequences for
Speaker 1: opposition to even modest restrictions on weaponry in the United
Speaker 1: States for politicians? Good morning, John, I mean a lot
Speaker 1: of it, uh is. You know, we focused the federal level,
Speaker 1: but even when government passes a gun law, for example,
Speaker 1: in domestic violence, for example, there's laws on the books
Speaker 1: for misdemeanor violations you can't have a gun, or if
Speaker 1: you're under restraining or you can't have a gun. Enforcing
Speaker 1: that that's at the state level, and states have to
Speaker 1: pass their own laws that go along with the federal
Speaker 1: governments laws, and then local law enforcement and the state
Speaker 1: government has to do their job to enforce it. So
Speaker 1: what's happened is that we have some states to do
Speaker 1: that in many states that don't. That's just one example.
Speaker 1: So focusing on federal laws, I think, um for advocates
Speaker 1: can times be mistake because on the ground, what really
Speaker 1: prevents somebody from having a gun. It's a successful background
Speaker 1: check for one thing, and enforcement of laws on the books,
Speaker 1: so we're not we don't see that uniformly across the country.
Speaker 1: Second it um, I think when you're thinking about this
Speaker 1: for consequences, you know, people say, oh, the n r
Speaker 1: A and a National Arms Association, that's gone. The Republican
Speaker 1: Party itself has adopted a you know, basic premise you
Speaker 1: can't restrict my access to a gun. That's just across
Speaker 1: the whole country, and even more so today than it
Speaker 1: was twenty years ago. So thinking about the lobby, um,
Speaker 1: you know, I know that's what the President said. But
Speaker 1: in the end of the day, the Republican Party itself
Speaker 1: has adopted this premise and its base supports that premise.
Speaker 1: Is there is this an issue for Does it make
Speaker 1: a difference for the November elections the general elections? Well,
Speaker 1: I mean, I think in various tasty Republican states in Texas,
Speaker 1: for example, where people believe that law abiding citizens have
Speaker 1: guns and are responsible what the guns should not be
Speaker 1: penalized for people who have used them. The question is
Speaker 1: do you want an eighteen year old to be able
Speaker 1: to have an assault weapon? I mean, it's not hunting
Speaker 1: rightful per se, it's an assault well weapon, and that's
Speaker 1: what people have to ask themselves in their state communities,
Speaker 1: their local communities as much as the national community. And
Speaker 1: the answer is primarily Yet, you know, we're willing to
Speaker 1: take that risk because we think, and we've been persuaded
Speaker 1: by thirty years of rhetorics from the n right but
Speaker 1: also the Republicans, is that if you take away that weapon,
Speaker 1: it's take all my other rights to own a gun.
Speaker 1: And you know it's not just Republican states. Also in
Speaker 1: New York has a areas theoretically a liberal state and
Speaker 1: necessarily high rate of gun ownership. So this is just
Speaker 1: pervasive now. So there are no consequences to this because
Speaker 1: people think, well, it won't happen in my community, which
Speaker 1: we're increasingly seeing is a myth. But second um, it's
Speaker 1: just been too highly um connected to my individual right
Speaker 1: to own a gun to protect myself and people are
Speaker 1: not willing to trade that for more security. Well, does
Speaker 1: it bring up more people to the general election? No,
Speaker 1: I mean we haven't seen that happen ever. Really, we've
Speaker 1: had you know, column mine going back to the first
Speaker 1: sort of big, big high school shooting that we were
Speaker 1: in our consciousness and that no. Uh. I think other
Speaker 1: issues like abortion, for example, will be a much bigger
Speaker 1: mobilizer I think in general from November than these tragedies
Speaker 1: that have been happening. After the primary yesterday, here's the
Speaker 1: headline from the Atlanta Journal Constitution. Uh, the Trump revenge
Speaker 1: tour derailed in Georgia. Uh. What's the takeaway from the
Speaker 1: primary yesterday? The takeaway I think is that, um, that
Speaker 1: you know, former President Trump's influence uh, you know, on
Speaker 1: a personal level is limited. Sometimes he can sway a population,
Speaker 1: like maybe in Ohio in the Senate race or Pennsylvania,
Speaker 1: but sometimes he can't, which seems to make sense to
Speaker 1: most people who watched politics. The figure difference is that
Speaker 1: his um rhetoric about the twenty election is still alive
Speaker 1: and well uh and taking the party to the right,
Speaker 1: particularly on things like immigration and other things. Um, that's
Speaker 1: still the big fabric of the Republican Party. So his
Speaker 1: impression on the party he's shaving on the party, I
Speaker 1: think is still vibrant. He himself may not be a
Speaker 1: player anymore, but there's just people who are going to
Speaker 1: be just like him, who are coming up the rank.
Speaker 1: So I don't think any of it would call Kemp
Speaker 1: a moderate. He's a very conservative Republican. He was before
Speaker 1: Trump and he will be after Trump. UM. But it
Speaker 1: just shows that their Pubican party itself has adopted his
Speaker 1: winning slogans, and sooner or later they're going to figure
Speaker 1: out they don't need him. Cam's gonna face uh Stacy
Speaker 1: Abrams the Democrat, and I guess it's a rematch or there.
Speaker 1: They've done this before, back in what the what's the utcome? Well,
Speaker 1: what's the interesting dynamic and Georgia is that, unlike previous races,
Speaker 1: the Senate race has an African American incumbent Warnock against
Speaker 1: an African American Republican challenger. So that's gonna sort of
Speaker 1: be interesting to watch the African American vote. Do they
Speaker 1: actually split their vote? It's not just the same dynamic
Speaker 1: between a black candidate and a white candidate, which Jaishaw
Speaker 1: Walker we can draw. Different candidate doesn't turn out. So
Speaker 1: Stacy Abrams is very successful in getting turnout last time,
Speaker 1: as was Rough Warnock in a special election. The question
Speaker 1: is ken may worked their quote unquote magic not just
Speaker 1: someone black voters, but among progressives and other Democrats UM
Speaker 1: in big enough numbers because Republicans are mobilized and the
Speaker 1: out party of the White House usually turns out in
Speaker 1: much bigger numbers in the mid term than the than
Speaker 1: the in party facts Wendy appreciated Wendy Schiller Round University's
Speaker 1: Talman Center for American Politics and Policy. You've got to
Speaker 1: read more about this on Bloomberg dot com or the
Speaker 1: Bloomberg terminal as well, and also reminder you can follow
Speaker 1: all the latest on Bloomberg Radio in Washington. That's Bloomberg
Speaker 1: at one five point seven FM h D two. Karen,
Speaker 1: all right, John, thank you, sixty five on Wall Street
Speaker 1: and we turned to news in science and technology now
Speaker 1: with the Bloomberg and J A. T. STEM Report. It
Speaker 1: is brought to you by New Jersey Institute of Technology,
Speaker 1: one of the nation's leading polytechnic universities and a top
Speaker 1: military friendly school. Learn more at n j i T
Speaker 1: dot edu, slash veterans and now here's it's making news
Speaker 1: in science, Technology, engineering, and math. Feisser says it will
Speaker 1: provide nearly two dozen products, including its top selling co
Speaker 1: in nineteen vaccine and treatment at not for profit prices
Speaker 1: and some of the world's poorest countries. The drug maker
Speaker 1: announced the program at the World Economic Forum's annual gathering
Speaker 1: in Davos, Switzerland. Most of the countries are in Africa,
Speaker 1: but the list also includes Haiti, Syria, Cambodia, and North Korea.
Speaker 1: California water officials voted to force local agencies to step
Speaker 1: up their conservation efforts, admitted drought that will get worse
Speaker 1: as the state enters the hot and dry summer. The
Speaker 1: California Water Resources Control Board passed an emergency measure that
Speaker 1: will require agencies to put in place contingency plans for
Speaker 1: up to a twenty shortage in water supplies. And well,
Speaker 1: it's not yet a recognized medical or psychological diagnosis, psychologists
Speaker 1: estimate that somewhere between five to ten percent of Americans
Speaker 1: suffer from an addiction to social media. Digital marketing agency
Speaker 1: Hennessy Digital recently analyzed the number of Google searches for
Speaker 1: social media platforms in each state. The five states obsessed
Speaker 1: with social media the least where Hawaii, Alaska, Louis Siana, Nevada,
Speaker 1: and Arkansas. And that's the Bloomberg n j I t
Speaker 1: STEM report and futures this morning are moving lower. S
Speaker 1: and P future is down about seven points now dal
Speaker 1: Future is down seventy four and nasdag Future is down
Speaker 1: about twelve. Ten year Treasury Little change yield two point
Speaker 1: seven four percent and they yield on the two year
Speaker 1: is at two point five and nimex screwed oil is
Speaker 1: at one point three percent of a dollar forty one
Speaker 1: and a hundred eleven dollars twenty cents of barrel Comex
Speaker 1: Schoold is down eight ten percent or fourteen dollars sixty
Speaker 1: cents at eighteen fifty six eighty announced Bitcoin at twenty
Speaker 1: nine thousand, seven hundred dollars and Bloomberg Surveillance coming to
Speaker 1: us from the World Economic Forum in Davos, Switzerland with
Speaker 1: Tom Keene and Lisa of Ramowitz for John Tucker on
Speaker 1: Karen Moscow and this is Bloomberg