1 00:00:02,800 --> 00:00:06,160 Speaker 1: Live from the Bloomberg Interacted Burger Studios. This is Bloomberg 2 00:00:06,240 --> 00:00:10,880 Speaker 1: day Break for Tuesday, September six two. Coming up this hour. Incoming, 3 00:00:10,960 --> 00:00:14,160 Speaker 1: UK Prime Minister Liz trust is finalizing plants to lower 4 00:00:14,280 --> 00:00:18,240 Speaker 1: energy bills for businesses and households. California's power grade faces 5 00:00:18,239 --> 00:00:20,959 Speaker 1: a major test as a heatwave hits the state, and 6 00:00:21,120 --> 00:00:24,480 Speaker 1: a legal victory for Donald Trump involving documents ceased from 7 00:00:24,480 --> 00:00:27,520 Speaker 1: his Florida home. There are dangerous levels of arsenake in 8 00:00:27,560 --> 00:00:30,720 Speaker 1: the taft water in the Manhattan Complex, BLUs Canadian police 9 00:00:30,720 --> 00:00:32,960 Speaker 1: search for a suspect, and the stabbing deaths of ten 10 00:00:33,000 --> 00:00:36,159 Speaker 1: people by Michael Blong. More Ahead, I'm John Stage and 11 00:00:36,200 --> 00:00:38,800 Speaker 1: sports another errand judge on running the Yankees, went over 12 00:00:38,840 --> 00:00:43,280 Speaker 1: the Twins, Rappier, the daw upset the US. That's all 13 00:00:43,320 --> 00:00:47,320 Speaker 1: straight ahead on Bloomberg day Break on Bloomberg eleven, Freo 14 00:00:47,440 --> 00:00:51,760 Speaker 1: New York, Bloomberg one, Washington, d C, Bloomberg one O 15 00:00:51,880 --> 00:00:56,560 Speaker 1: six one, Boston, Bloomberg nine sixty, Francisco, Sirius x M 16 00:00:56,680 --> 00:01:00,000 Speaker 1: one nine Team, and around the world on Bloomberg Radio 17 00:01:00,040 --> 00:01:08,000 Speaker 1: dot Com and via the Bloomberg Business Act. Good Morning, 18 00:01:08,000 --> 00:01:12,039 Speaker 1: I'm Nathan Hagar and I'm Karen. Moscow and US futures 19 00:01:12,040 --> 00:01:14,880 Speaker 1: are higher this morning. Air Comar coming up to five 20 00:01:14,920 --> 00:01:16,480 Speaker 1: o one on Wall Street, and we checked the markets 21 00:01:16,520 --> 00:01:19,200 Speaker 1: every fifteen minutes throughout the trading day. On bloomberg S 22 00:01:19,240 --> 00:01:22,200 Speaker 1: and P futures of twenty four points down, futures up 23 00:01:22,240 --> 00:01:25,440 Speaker 1: one hundred sixty seven and nasday futures have one hundred one. 24 00:01:25,800 --> 00:01:28,400 Speaker 1: The decks in Germany's up four tenths of upper set 25 00:01:28,600 --> 00:01:31,520 Speaker 1: ten year treasury down seventeen thirty seconds. You have three 26 00:01:31,560 --> 00:01:33,760 Speaker 1: point to five percent and the yield on the two 27 00:01:33,840 --> 00:01:37,080 Speaker 1: year three point four six percent. Nine x Scrude oil 28 00:01:37,200 --> 00:01:39,120 Speaker 1: is up one point two percent of a dollar four 29 00:01:39,160 --> 00:01:42,240 Speaker 1: at eighty seven dollars ninety two cents, and barrel bitcoin 30 00:01:42,400 --> 00:01:46,039 Speaker 1: is at twenty thousand dollars, up one point four percent. Nathan, 31 00:01:46,200 --> 00:01:48,560 Speaker 1: Thanks Karen. We begin this morning with a changing of 32 00:01:48,560 --> 00:01:52,240 Speaker 1: the guard in the UK. Outgoing Prime Minister Boris Johnson 33 00:01:52,280 --> 00:01:55,360 Speaker 1: has delivered his final speech as his country's leader before 34 00:01:55,360 --> 00:01:58,240 Speaker 1: he hands over the reins to his successor, Liz Trust. 35 00:01:58,600 --> 00:02:00,800 Speaker 1: Let's go live to London get the very latest from 36 00:02:00,840 --> 00:02:03,960 Speaker 1: Bloomberg's You and Parts. Good morning You, and good morning Nathan, 37 00:02:04,000 --> 00:02:06,680 Speaker 1: and Karen. This is it, folks, The words of Boris 38 00:02:06,720 --> 00:02:09,560 Speaker 1: Johnson outside Number ten, Downing Streets as he made his 39 00:02:09,600 --> 00:02:12,240 Speaker 1: final speech as the British Prime Minister, a job he 40 00:02:12,320 --> 00:02:14,959 Speaker 1: was forced to quit after pressure from his own Conservative 41 00:02:15,000 --> 00:02:18,919 Speaker 1: Party colleagues. He pledged full support for his successor. This 42 00:02:18,960 --> 00:02:21,680 Speaker 1: is a tough time for families up and down the country. 43 00:02:22,000 --> 00:02:23,560 Speaker 1: We can and we will get through it, and we 44 00:02:23,560 --> 00:02:26,720 Speaker 1: will come out stronger the other side. But I say 45 00:02:26,800 --> 00:02:32,080 Speaker 1: to my fellow Conservatives, it's time for politics to be over, folks. 46 00:02:32,400 --> 00:02:36,120 Speaker 1: It's time for us all to get behind Liz trust Well, 47 00:02:36,120 --> 00:02:38,760 Speaker 1: the UK's new leader. Liz trust will formally become Prime 48 00:02:38,800 --> 00:02:42,120 Speaker 1: Minister after meeting the Queen later today at her castle 49 00:02:42,240 --> 00:02:46,040 Speaker 1: in Scotland and a bloomberg scoop on her first announcements 50 00:02:46,200 --> 00:02:49,520 Speaker 1: a massive package of support for household energy bills, which 51 00:02:49,520 --> 00:02:52,680 Speaker 1: are expected to be three times higher than last winter. 52 00:02:53,040 --> 00:02:55,120 Speaker 1: We understand the bill for the policy could come in 53 00:02:55,160 --> 00:02:58,280 Speaker 1: at as much as one hundred and fifty billion dollars 54 00:02:58,480 --> 00:03:01,080 Speaker 1: in London, I'm you and part splin by daybreak, all 55 00:03:01,160 --> 00:03:02,520 Speaker 1: right you and thank you all back here in the 56 00:03:02,600 --> 00:03:05,720 Speaker 1: U S and major development in the Justice Department's investigation 57 00:03:05,800 --> 00:03:09,320 Speaker 1: and to classified documents at Donald Trump's Florida home. A 58 00:03:09,360 --> 00:03:12,160 Speaker 1: federal judge is granted the former president's request for a 59 00:03:12,320 --> 00:03:16,120 Speaker 1: third party, known as a special Master, to review the records. 60 00:03:16,360 --> 00:03:19,480 Speaker 1: Former Assistant U S Attorney Jeff Robbins says this means 61 00:03:19,480 --> 00:03:23,239 Speaker 1: a significant delay for the DJ's investigation. By appointing a 62 00:03:23,320 --> 00:03:27,000 Speaker 1: special master who can take weeks, months, who knows how 63 00:03:27,040 --> 00:03:30,960 Speaker 1: long to review all eleven thousand or so items that 64 00:03:31,000 --> 00:03:34,800 Speaker 1: were seized and make determinations on attorney client privilege and 65 00:03:34,800 --> 00:03:38,040 Speaker 1: and here's a surprise, executive privilege. This is going to 66 00:03:38,200 --> 00:03:42,000 Speaker 1: stop the Department of Justice in its tracks. Former federal 67 00:03:42,000 --> 00:03:44,480 Speaker 1: prosecutor Jeff Robbins says that judge in the case was 68 00:03:44,520 --> 00:03:47,520 Speaker 1: appointed by former President Trump in the final months of 69 00:03:47,600 --> 00:03:50,640 Speaker 1: his administration. Karen, A major test is coming today for 70 00:03:50,680 --> 00:03:53,520 Speaker 1: the energy grid in the country's most populous state. Power 71 00:03:53,600 --> 00:03:56,680 Speaker 1: demand in California has hit a five year high, with 72 00:03:56,760 --> 00:03:59,480 Speaker 1: much of the state under an excessive heat warning. Now 73 00:03:59,520 --> 00:04:02,240 Speaker 1: as busy this is in schools reopen, that demand could 74 00:04:02,280 --> 00:04:05,480 Speaker 1: reach an all time high. Alice Reynolds, as president of 75 00:04:05,560 --> 00:04:09,640 Speaker 1: the California Public Utilities Commission, we're entering the heart of 76 00:04:09,680 --> 00:04:12,560 Speaker 1: this heat event, and it is expected to last longer 77 00:04:12,560 --> 00:04:17,479 Speaker 1: and reach higher temperatures than previously anticipated. California Utilities President 78 00:04:17,520 --> 00:04:21,040 Speaker 1: Dallas Reynolds says the state narrowly avoided rolling blackouts yesterday, 79 00:04:21,080 --> 00:04:24,680 Speaker 1: but temperatures could hit one hundred fifteen degrees in some 80 00:04:24,760 --> 00:04:28,200 Speaker 1: parts of the state today. Well. Turning to the economy now, Nathan, 81 00:04:28,240 --> 00:04:30,920 Speaker 1: the Federal Reserves Beige Book take center stage on this 82 00:04:30,920 --> 00:04:33,600 Speaker 1: week's economic agenda, and we get more from Bloomberg's Viny 83 00:04:33,640 --> 00:04:37,039 Speaker 1: Dell Judas. The FEDS Regional Survey the Beige Book is 84 00:04:37,080 --> 00:04:41,400 Speaker 1: set for Wednesday, will help illustrate inflation's impact and American businesses. 85 00:04:41,760 --> 00:04:45,000 Speaker 1: We know already wage growth moderated in August, evidence this 86 00:04:45,160 --> 00:04:48,680 Speaker 1: year's FED rate ikes could be tempering inflation. Another report 87 00:04:48,720 --> 00:04:50,920 Speaker 1: to keep an eye on this Today's I s M 88 00:04:51,040 --> 00:04:54,159 Speaker 1: Service Industry Index in July at rose for the first 89 00:04:54,160 --> 00:04:56,839 Speaker 1: time since March, recovering from a two year low in June. 90 00:04:57,160 --> 00:05:01,000 Speaker 1: Jarobolos claims data Thursday should signal a po outlook and 91 00:05:02,040 --> 00:05:05,040 Speaker 1: Bloomberg daybreak All right, Vinny, thank you. Wall Street returns 92 00:05:05,080 --> 00:05:07,520 Speaker 1: from a holiday short and trading week and traders will 93 00:05:07,560 --> 00:05:10,200 Speaker 1: get back to their desks amid questions about the economic 94 00:05:10,240 --> 00:05:13,720 Speaker 1: outlook and what it means for corporate earnings. Bloomberg's Charlie 95 00:05:13,760 --> 00:05:17,560 Speaker 1: Pellet has more September is historically a rocky month for 96 00:05:17,680 --> 00:05:20,640 Speaker 1: US equity markets. Over the past twenty five years, the 97 00:05:20,839 --> 00:05:23,760 Speaker 1: S and P five INDECKS has seen average declines of 98 00:05:24,160 --> 00:05:27,720 Speaker 1: seven tenths of one percent. Concerned that rising rates will 99 00:05:27,800 --> 00:05:31,160 Speaker 1: hurt growth has been weighing on corporate earnings. Lisa Erickson 100 00:05:31,200 --> 00:05:34,520 Speaker 1: has head of Traditional Investments at US Bank Wealth Management. 101 00:05:34,640 --> 00:05:36,440 Speaker 1: We do think it's going to be key to see 102 00:05:36,440 --> 00:05:38,560 Speaker 1: how earnings evolved in the second half of the year. 103 00:05:38,880 --> 00:05:41,320 Speaker 1: Our base case is that we are going to see 104 00:05:41,360 --> 00:05:44,480 Speaker 1: continued to learn growth, not necessarily a full on route, 105 00:05:44,800 --> 00:05:47,520 Speaker 1: but again there are risks to the earnings front. Among 106 00:05:47,560 --> 00:05:52,040 Speaker 1: this week's earnings reports, the supermarket chain Kroger in New York. 107 00:05:52,120 --> 00:05:55,599 Speaker 1: Charlie Pellett Bloomberg Daybreak, Charlie, thank you, We've a deal 108 00:05:55,640 --> 00:05:58,159 Speaker 1: to tell you about. CDs Health has reached an agreement 109 00:05:58,200 --> 00:06:00,679 Speaker 1: to buy home health and Technology sir as his provider, 110 00:06:00,800 --> 00:06:04,640 Speaker 1: Signify Health. The price tag about eight billion dollars. CBS 111 00:06:04,680 --> 00:06:07,719 Speaker 1: emerged as the winning bidder over potential suitors that Bloomberg 112 00:06:07,800 --> 00:06:11,920 Speaker 1: News previously reported had included United Health Group, Option Care 113 00:06:12,040 --> 00:06:16,159 Speaker 1: Health and Amazon shares of Digital World acquisition Karender down 114 00:06:16,200 --> 00:06:19,800 Speaker 1: eighteen percent in early trading. Reuter says the blank Check 115 00:06:19,839 --> 00:06:22,840 Speaker 1: acquisition from the plans to merge with former President Trump's 116 00:06:22,839 --> 00:06:26,200 Speaker 1: social media group has failed to secure enough shareholder support 117 00:06:26,240 --> 00:06:28,960 Speaker 1: for a one year extension to complete the deal, and 118 00:06:29,040 --> 00:06:31,400 Speaker 1: shares a bed Bath and Beyond also lower, down about 119 00:06:31,440 --> 00:06:35,360 Speaker 1: sixteen percent. This follows the apparent suicide of chief financial 120 00:06:35,400 --> 00:06:38,479 Speaker 1: officer GUSTAVO. Arnell, who fell to his death from a 121 00:06:38,480 --> 00:06:41,479 Speaker 1: New York City building on Friday. Arnal was one of 122 00:06:41,600 --> 00:06:44,839 Speaker 1: several parties, including bed Bath and Beyond, named in a 123 00:06:44,960 --> 00:06:48,599 Speaker 1: civil class action securities fraud suit filed last month and 124 00:06:48,800 --> 00:06:52,160 Speaker 1: Europe Today Karen Luftansa says it's preparing an improved offer 125 00:06:52,200 --> 00:06:54,960 Speaker 1: to pilots, threatening the stage a two day strike starting 126 00:06:54,960 --> 00:06:57,680 Speaker 1: at midnight. Fresh strikes would add to the about eight 127 00:06:57,720 --> 00:07:00,960 Speaker 1: thousand flights left Hans has already canceled during the lucrative 128 00:07:01,000 --> 00:07:04,960 Speaker 1: summer travel season. Nathan futures are higher, with SNP futures 129 00:07:05,000 --> 00:07:07,800 Speaker 1: of nineteen points down features of a hundred thirty six 130 00:07:07,839 --> 00:07:11,120 Speaker 1: and nasdack futures of eighty three to tenure Treasury down 131 00:07:11,160 --> 00:07:14,679 Speaker 1: sixteen thirty seconds. He had three point to five percent straight. 132 00:07:14,680 --> 00:07:17,520 Speaker 1: I had your latest local headlines, plus a check of sports, 133 00:07:17,560 --> 00:07:24,240 Speaker 1: and this is Bloomberg alright. Thanks hearing. It's five oh 134 00:07:24,280 --> 00:07:26,920 Speaker 1: seven on Wall Street, Worth seventy three degrees in Central Park. 135 00:07:26,960 --> 00:07:29,840 Speaker 1: We have an accident investigation. It's got the southbound New 136 00:07:29,920 --> 00:07:33,520 Speaker 1: York State Thruway shut down at exit sixteen. Details coming 137 00:07:33,600 --> 00:07:36,120 Speaker 1: up in traffic. First, Michael Barr with what else is 138 00:07:36,160 --> 00:07:38,480 Speaker 1: going on in New York and around the world. Good morning, Michael, 139 00:07:38,520 --> 00:07:42,160 Speaker 1: Good morning Nathan. New York's MTA is taking precautions for 140 00:07:42,360 --> 00:07:45,000 Speaker 1: flooding from heavy brain. The New York City Office of 141 00:07:45,040 --> 00:07:48,720 Speaker 1: Emergency Management issue to travel advisory through today due to 142 00:07:48,760 --> 00:07:51,920 Speaker 1: the weather. The MTA has been sending cruise to clear 143 00:07:52,000 --> 00:07:55,560 Speaker 1: drains and prepare equipment for any flooding. A federal monitor 144 00:07:55,640 --> 00:07:58,280 Speaker 1: has told New York City to keep all documents related 145 00:07:58,320 --> 00:08:01,800 Speaker 1: to his investigation into dangerous levels of our senic in 146 00:08:01,880 --> 00:08:04,680 Speaker 1: the tap water at one of the city's largest public 147 00:08:04,720 --> 00:08:08,800 Speaker 1: housing complexes. Thousands of tenants at the jacob Reeese Houses 148 00:08:08,840 --> 00:08:12,640 Speaker 1: in Manhattan were forced to use water bottles and portable 149 00:08:12,720 --> 00:08:15,760 Speaker 1: water stations after being told not to drink or cook 150 00:08:15,880 --> 00:08:18,600 Speaker 1: with the water from their taps, Residents say the water 151 00:08:18,680 --> 00:08:21,880 Speaker 1: is often cloudy with a metallic taste. Many residents believe 152 00:08:22,000 --> 00:08:25,360 Speaker 1: Nitsya endangered them by not acknowledging the problem right away. 153 00:08:25,840 --> 00:08:30,160 Speaker 1: Nightsie spokesperson Daniel Greene says the community will be kept informed. 154 00:08:30,680 --> 00:08:34,200 Speaker 1: Our residents deserve to know about the hazards and the 155 00:08:34,240 --> 00:08:35,920 Speaker 1: risk that they face at their in their in their 156 00:08:35,960 --> 00:08:38,040 Speaker 1: in their apartments, and we want to make sure that 157 00:08:38,080 --> 00:08:40,160 Speaker 1: they feel safe and at home like any any resident 158 00:08:40,240 --> 00:08:44,040 Speaker 1: in New York. Nightshe spokesperson Daniel green Canadian police are 159 00:08:44,080 --> 00:08:46,720 Speaker 1: hunting for the remaining suspect and the stabbing deaths of 160 00:08:46,760 --> 00:08:50,400 Speaker 1: ten people in an Indigenous community and nearby town in 161 00:08:50,440 --> 00:08:55,079 Speaker 1: the province of Saskatchewan. Canadian Prime Minister Justin Trudeau yesterday's 162 00:08:55,120 --> 00:09:00,400 Speaker 1: attacks in Saskatchewan are shocking and heartbreaking. My thoughts and 163 00:09:00,520 --> 00:09:03,400 Speaker 1: the thoughts of all Canadians are with those who have 164 00:09:03,520 --> 00:09:08,199 Speaker 1: lost loved ones. Prime Minister Trueme. Authorities say Miles Sanderson 165 00:09:08,280 --> 00:09:11,160 Speaker 1: is still on the loose. His brother, Damian Sanderson, was 166 00:09:11,200 --> 00:09:14,600 Speaker 1: found dead near the stabbing sites. Authorities say the injuries 167 00:09:14,600 --> 00:09:18,400 Speaker 1: were not self inflicted. Officials in Europe are using Russia 168 00:09:18,920 --> 00:09:22,480 Speaker 1: weaponizing fuel after Russia cut off a major pipeline, saying 169 00:09:22,480 --> 00:09:25,160 Speaker 1: it won't be turned back on until sanctions over its 170 00:09:25,160 --> 00:09:28,640 Speaker 1: war in Ukraine are lifted. This comes as fighting threatens 171 00:09:28,720 --> 00:09:32,320 Speaker 1: Europe's largest nuclear plant, which is in Ukraine. Meanwhile, President 172 00:09:32,360 --> 00:09:35,439 Speaker 1: Voladimir Zelenski indicates that he is not interested in negotiating 173 00:09:35,480 --> 00:09:39,439 Speaker 1: with Russia, saying that he quote cannot discuss anything with terrorists. 174 00:09:39,679 --> 00:09:44,040 Speaker 1: There shouldn't be any military personnel, there shouldn't be any 175 00:09:44,120 --> 00:09:48,680 Speaker 1: military equipment on the territory, and there shouldn't be the 176 00:09:48,760 --> 00:09:52,320 Speaker 1: workers of nuclear pa plant who are surrounded by people 177 00:09:52,760 --> 00:09:56,560 Speaker 1: was firearms. President Zelinski, through a translator, spoke with ABC 178 00:09:56,800 --> 00:09:58,920 Speaker 1: Global News twenty four hours a day on air and 179 00:09:59,040 --> 00:10:01,800 Speaker 1: on Bloomberg Quick To powered by more than twenty seven 180 00:10:01,840 --> 00:10:04,280 Speaker 1: hundred journalist fatalists more than a hundred twenty countries. I'm 181 00:10:04,280 --> 00:10:11,560 Speaker 1: Michael Bard. This is Bloomberg Naked. Thank you, Michael. Coming 182 00:10:11,640 --> 00:10:13,240 Speaker 1: up to five ten on Wall Street time for the 183 00:10:13,240 --> 00:10:16,280 Speaker 1: Bloomberg Sports Update. Good morning, John Stas, Good morning Nathan. 184 00:10:16,360 --> 00:10:18,880 Speaker 1: A wild holiday weekend at the US Open that it 185 00:10:18,960 --> 00:10:21,920 Speaker 1: didn't end until about two and a half hours ago 186 00:10:22,160 --> 00:10:26,880 Speaker 1: to twenty three am is when Carlos Alcarez finished a 187 00:10:27,040 --> 00:10:29,840 Speaker 1: five set, nearly four hour victory over maur Inschillas, which 188 00:10:29,840 --> 00:10:31,760 Speaker 1: means there are eight men left and none have won 189 00:10:31,800 --> 00:10:33,840 Speaker 1: a Grand Slam tournament. When the third time that's happened 190 00:10:33,840 --> 00:10:36,960 Speaker 1: in any Slam since the Open Air began nineteen sixty eight, 191 00:10:36,960 --> 00:10:38,520 Speaker 1: the top two seeds lost in the span of less 192 00:10:38,559 --> 00:10:40,560 Speaker 1: than twenty four hours. First it was de Bennie Chimp, 193 00:10:40,760 --> 00:10:43,440 Speaker 1: Danil Medvedev fall into Nick Curriels, and yesterday rapped fire 194 00:10:43,480 --> 00:10:45,640 Speaker 1: on the Dal who had not lost a Grand Slam 195 00:10:45,720 --> 00:10:49,440 Speaker 1: match to an American since two thousand five, upset by 196 00:10:49,480 --> 00:11:00,440 Speaker 1: the twenty four year old from the DC area, Francis Tifo. Yeah, 197 00:11:00,440 --> 00:11:02,520 Speaker 1: I get something. Came out there, just believe I can 198 00:11:02,559 --> 00:11:11,160 Speaker 1: do it some years and different personnel. I went out there. 199 00:11:13,160 --> 00:11:15,840 Speaker 1: Kurios and Cocoa golfall play their quarter fine matches tonight 200 00:11:15,840 --> 00:11:18,320 Speaker 1: at the stadium. A couple of unlikely Yankee home runs 201 00:11:18,360 --> 00:11:22,439 Speaker 1: Isaiah kinder Philippa just a second of the season, Marwin Gonzalez, 202 00:11:22,480 --> 00:11:25,040 Speaker 1: who hadn't had a hit of any kind in two months, 203 00:11:25,080 --> 00:11:27,000 Speaker 1: and by the way, another erran Judge home run is 204 00:11:27,040 --> 00:11:29,840 Speaker 1: fifty four. Yankees fight to twins five to two. Judges 205 00:11:29,880 --> 00:11:31,959 Speaker 1: at twenty three, more home runs in anyone else in 206 00:11:32,040 --> 00:11:34,720 Speaker 1: the American League. Mets Rainedown in Pittsburgh played tonight that 207 00:11:34,760 --> 00:11:37,640 Speaker 1: has split doubleheader tomorrow. Jets co drops Sala has left 208 00:11:37,640 --> 00:11:40,000 Speaker 1: the door open for quarterback Zack Wilson to perhaps play 209 00:11:40,600 --> 00:11:43,280 Speaker 1: Sunday season opener against Baltimore. He could be back earlier 210 00:11:43,280 --> 00:11:46,839 Speaker 1: than expected from the surgery. John Stash, We're Bloomberg Sports, Nathan, 211 00:11:47,000 --> 00:11:50,080 Speaker 1: thank you, John SMP futures right now up sixteen points down, 212 00:11:50,080 --> 00:11:52,800 Speaker 1: futures up a hundred nineteen. Neste futures are higher by 213 00:11:52,960 --> 00:11:56,880 Speaker 1: seventy two points. The tigure treasury is down sixteen thirty seconds, 214 00:11:56,880 --> 00:12:01,480 Speaker 1: the yield three point to five. Astina Hooper, chief global 215 00:12:01,480 --> 00:12:08,000 Speaker 1: markets strategist that invest Go joins US next Bloomberg eleven 216 00:12:08,040 --> 00:12:09,680 Speaker 1: three oh Weather. We got a flood watch and effect 217 00:12:09,720 --> 00:12:12,080 Speaker 1: till five this afternoon, with heavy rain at times today, 218 00:12:12,160 --> 00:12:15,439 Speaker 1: going up to near seventy five degrees, low seventies, mostly 219 00:12:15,440 --> 00:12:18,440 Speaker 1: cloudy tomorrow, clearing a high near eighty on Thursday. Right 220 00:12:18,480 --> 00:12:25,120 Speaker 1: now seventy three Markets headlines and breaking news twenty four 221 00:12:25,120 --> 00:12:28,160 Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business 222 00:12:28,200 --> 00:12:31,359 Speaker 1: at and at Bloomberg Quick Take, this is a Bloomberg 223 00:12:31,480 --> 00:12:41,080 Speaker 1: business clash and I'm kerin Moscow. European stocks edging higher 224 00:12:41,160 --> 00:12:44,240 Speaker 1: as investors assessed responses by leaders to the region's who 225 00:12:44,240 --> 00:12:47,560 Speaker 1: growing energy crisis ahead of the European Central Banks policy 226 00:12:47,600 --> 00:12:51,080 Speaker 1: meeting later this week. US stock index futures, meanwhile, are 227 00:12:51,120 --> 00:12:53,160 Speaker 1: on the rise, and we check the markets every fifteen 228 00:12:53,200 --> 00:12:55,959 Speaker 1: minutes throughout the trading day on Bloomberg Guess and P 229 00:12:56,160 --> 00:12:58,640 Speaker 1: futures are up nineteen points now, futures of A hundred 230 00:12:58,679 --> 00:13:01,240 Speaker 1: twenty nine and NASDAG future US up seventy eight. The 231 00:13:01,360 --> 00:13:04,480 Speaker 1: decks in Germany is of a quarter percent. Ten year 232 00:13:04,559 --> 00:13:07,079 Speaker 1: treasury down sixteen thirty seconds. You have three point to 233 00:13:07,200 --> 00:13:09,520 Speaker 1: five percent they yield on the two year three point 234 00:13:09,520 --> 00:13:12,480 Speaker 1: four five percent. Nimex screwed oil is up two ten 235 00:13:12,640 --> 00:13:15,040 Speaker 1: percent or twenty cents at eighty seven dollars eight cents 236 00:13:15,040 --> 00:13:18,000 Speaker 1: in barrel Co mex School little change at seventeen twenty 237 00:13:18,280 --> 00:13:21,319 Speaker 1: forty announced. The euro is at point nine four two 238 00:13:21,360 --> 00:13:23,760 Speaker 1: against the dollar, British found one point one five six 239 00:13:23,880 --> 00:13:26,719 Speaker 1: four and the yen one one point seven nine. Look 240 00:13:26,760 --> 00:13:29,040 Speaker 1: at a bitcoin this morning at one point two percent 241 00:13:29,160 --> 00:13:32,480 Speaker 1: at nineteen thousand, nine hundred seventy dollars, and that's a 242 00:13:32,480 --> 00:13:35,240 Speaker 1: Bloomberg business flash. Now here's Michael Barr with more on 243 00:13:35,280 --> 00:13:37,920 Speaker 1: what's going on around the world. Michael, good morning, Good morning, 244 00:13:37,960 --> 00:13:41,040 Speaker 1: Karen UK. Prime Minister Boris Johnson has left his Downing 245 00:13:41,120 --> 00:13:44,040 Speaker 1: Street office for the last time as he heads to 246 00:13:44,080 --> 00:13:47,800 Speaker 1: Scotland to formally offer his resignation to Queen Elizabeth the Second. 247 00:13:48,240 --> 00:13:52,120 Speaker 1: The British leader meets with Queen and her balmoral state 248 00:13:52,200 --> 00:13:55,280 Speaker 1: to begin to transfer of power to live trusts. The 249 00:13:55,360 --> 00:13:58,840 Speaker 1: Federal Judge has granted a request by former President Donald 250 00:13:58,840 --> 00:14:02,560 Speaker 1: Trump's legal team to appoint a special master to review 251 00:14:02,640 --> 00:14:05,560 Speaker 1: documents sees by the FBI during a search of his 252 00:14:05,600 --> 00:14:09,000 Speaker 1: Florida home last month. At the US Open, Raphael Nadal 253 00:14:09,120 --> 00:14:12,800 Speaker 1: was knocked out by Francis Tfo. In baseball, the Yankees 254 00:14:12,840 --> 00:14:16,079 Speaker 1: beat the Twins five to Aaron Judge it is home 255 00:14:16,160 --> 00:14:19,560 Speaker 1: run Mets game postpone. The Red Sox lost the Nationals 256 00:14:19,560 --> 00:14:22,920 Speaker 1: and Giants won. The Orioles lost both games of a 257 00:14:22,960 --> 00:14:25,760 Speaker 1: double header with the Blue Jays. Global News twenty four 258 00:14:25,800 --> 00:14:29,040 Speaker 1: hours a day on air and on Bloomberg Quicktake, powered 259 00:14:29,040 --> 00:14:32,280 Speaker 1: by more than journalists and analysts more than a hundred 260 00:14:32,320 --> 00:14:36,560 Speaker 1: twenty countries. I'm Michael barn This is Bloomberg, Nathan Okay, Michael. Thanks, 261 00:14:36,600 --> 00:14:39,320 Speaker 1: It's five nineteen on Wall Street Live from the Bloomberg 262 00:14:39,360 --> 00:14:43,400 Speaker 1: Interactive Broker Studios. This is Bloomberg Daybreak. And here to 263 00:14:43,440 --> 00:14:46,080 Speaker 1: help get us set for the holiday shortened trading week 264 00:14:46,400 --> 00:14:49,800 Speaker 1: is Christina Hooper, chief Global market strategist at in Fesco. 265 00:14:49,880 --> 00:14:52,120 Speaker 1: Good morning, Christina, Thanks so much for joining us as 266 00:14:52,120 --> 00:14:57,040 Speaker 1: we watch futures rise a bit after three straight weeks 267 00:14:57,040 --> 00:15:00,600 Speaker 1: of losses for US stocks. Where do you see the 268 00:15:00,600 --> 00:15:04,800 Speaker 1: trajectory at this point? Well, I think the trajectory is 269 00:15:04,840 --> 00:15:08,640 Speaker 1: going to be volatility. Now, we could see some volatility up, 270 00:15:08,680 --> 00:15:11,720 Speaker 1: although I think there's going to be a tug downward 271 00:15:12,360 --> 00:15:15,960 Speaker 1: in the near term, just because there's so much uncertainty 272 00:15:16,040 --> 00:15:20,480 Speaker 1: and hesitancy, particularly in the US markets, around the Fed's decision. 273 00:15:20,760 --> 00:15:23,480 Speaker 1: Now it's a few weeks away, but we're likely to 274 00:15:23,520 --> 00:15:27,520 Speaker 1: get hawkish commentary from f o MC members between now 275 00:15:27,560 --> 00:15:31,320 Speaker 1: and then, which I think should should um play some 276 00:15:31,480 --> 00:15:36,320 Speaker 1: downward pressure on stocks in incoming days. So it sounds 277 00:15:36,400 --> 00:15:40,320 Speaker 1: like you're putting a lot of attention on the flood 278 00:15:40,480 --> 00:15:42,960 Speaker 1: of Fed speak we're going to get this week before 279 00:15:43,080 --> 00:15:47,520 Speaker 1: we get that CPI print next week. Yes, and I 280 00:15:47,720 --> 00:15:50,320 Speaker 1: think we're going to hear an ongoing drum beat of 281 00:15:50,320 --> 00:15:54,760 Speaker 1: of more hawkish rhetoric UH just over the next several weeks. 282 00:15:55,600 --> 00:15:58,760 Speaker 1: So what does that mean in terms of the decision? 283 00:15:58,920 --> 00:16:02,000 Speaker 1: What is the Fed to be looking at given the 284 00:16:02,240 --> 00:16:07,840 Speaker 1: strong labor report we got last week, expectations potentially for 285 00:16:07,880 --> 00:16:10,480 Speaker 1: a peek in inflation. Is that what you're looking for 286 00:16:10,520 --> 00:16:15,200 Speaker 1: from the CPI next week? Definitely? But also keep in 287 00:16:15,280 --> 00:16:19,680 Speaker 1: mind that an important consideration for the Fed is inflation expectations. UM. 288 00:16:19,680 --> 00:16:23,480 Speaker 1: We got a good final August print from University of 289 00:16:23,560 --> 00:16:28,560 Speaker 1: Michigan UH five year ahead inflation expectations continue to have 290 00:16:28,640 --> 00:16:31,240 Speaker 1: a two handle, which I think is very very important. 291 00:16:31,240 --> 00:16:32,800 Speaker 1: So I think they're going to be paying attention to 292 00:16:32,880 --> 00:16:36,120 Speaker 1: expectations as well as what we're seeing in terms of 293 00:16:36,120 --> 00:16:41,200 Speaker 1: the inflation data. What's the bigger concern for corporates right now? 294 00:16:41,480 --> 00:16:44,960 Speaker 1: Is it the risk of tighter FED policy and inflation 295 00:16:45,160 --> 00:16:47,360 Speaker 1: or is it earnings? We just got a no doubt 296 00:16:47,400 --> 00:16:51,520 Speaker 1: from Mike Wilson over at Morgan Stanley and notable bear 297 00:16:51,840 --> 00:16:56,520 Speaker 1: on stocks cutting his forecast for earnings growth even further 298 00:16:56,640 --> 00:17:00,120 Speaker 1: next year. So I mean I think they need to 299 00:17:00,240 --> 00:17:04,680 Speaker 1: concern is of course the sied. But yes, earnings are 300 00:17:04,720 --> 00:17:07,320 Speaker 1: a concern as well and are going to come into 301 00:17:07,400 --> 00:17:14,040 Speaker 1: focus as as we move into the next earnings reporting period. 302 00:17:14,520 --> 00:17:18,400 Speaker 1: This is UM for you know, this is the other 303 00:17:18,520 --> 00:17:22,240 Speaker 1: shoe that everyone is waiting to drop. And clearly we're 304 00:17:22,240 --> 00:17:26,440 Speaker 1: going to see some some significant UH downward revisions to 305 00:17:26,560 --> 00:17:30,800 Speaker 1: earnings forecasts for at least some stocks and UH AND 306 00:17:31,200 --> 00:17:35,119 Speaker 1: that is is a concern that is is weighing on 307 00:17:35,680 --> 00:17:39,320 Speaker 1: investors minds and certainly markets. Are there certain sectors or 308 00:17:39,359 --> 00:17:45,200 Speaker 1: styles that are better insulated from earnings erosion than others, Well, 309 00:17:45,320 --> 00:17:50,159 Speaker 1: certainly those companies UH and and some industries have have 310 00:17:50,320 --> 00:17:54,040 Speaker 1: proven to be better at this than others in recent 311 00:17:54,400 --> 00:17:58,919 Speaker 1: UH in recent months UM, some industries are better able 312 00:17:58,960 --> 00:18:02,200 Speaker 1: to defend more margins, are better able to pass UM 313 00:18:02,400 --> 00:18:07,320 Speaker 1: costs two consumers, and of course some industries, some sub 314 00:18:07,359 --> 00:18:11,240 Speaker 1: segments of industries are are getting hit harder. UM. For example, 315 00:18:11,280 --> 00:18:13,800 Speaker 1: if we look at the retail space, what we've seen 316 00:18:14,280 --> 00:18:15,840 Speaker 1: is that it's been a sort of a tale of 317 00:18:15,840 --> 00:18:19,880 Speaker 1: two consumers where higher end consumers have not been as 318 00:18:19,960 --> 00:18:25,520 Speaker 1: impacted UM by inflationary pressures as lower income households, and 319 00:18:25,560 --> 00:18:29,000 Speaker 1: that has played out. Got about a minute left here, Christina. 320 00:18:29,040 --> 00:18:31,760 Speaker 1: We've got a change of the guard in the UK, 321 00:18:32,000 --> 00:18:35,240 Speaker 1: List Trust taking over for Boris Johnson, with the country 322 00:18:35,280 --> 00:18:37,679 Speaker 1: still under a cost of living crisis. What does the 323 00:18:37,800 --> 00:18:42,359 Speaker 1: change in leadership mean for the investment landscape in the UK? Well, 324 00:18:42,359 --> 00:18:45,520 Speaker 1: I think it presents some level of uncertainty and we've 325 00:18:45,600 --> 00:18:50,200 Speaker 1: seen that. We've seen that in Sterling UM, which has 326 00:18:50,400 --> 00:18:55,320 Speaker 1: has moved down relative to US dollar UM. But you know, 327 00:18:55,400 --> 00:19:00,560 Speaker 1: hopefully there is more clarity as the Trust government UM 328 00:19:00,760 --> 00:19:03,800 Speaker 1: starts to to share and Liz Trust starts to to 329 00:19:03,920 --> 00:19:07,639 Speaker 1: share her views and our policies UM. But it has 330 00:19:07,760 --> 00:19:11,240 Speaker 1: shifted a bit and and that has created some uncertainty 331 00:19:11,880 --> 00:19:16,320 Speaker 1: in recent weeks. So I would expect that greater clarity 332 00:19:16,400 --> 00:19:20,000 Speaker 1: to to hopefully put some upward pressure on Sterling. Thanks 333 00:19:20,000 --> 00:19:22,720 Speaker 1: so much, Christina, great having on with us as always. 334 00:19:22,800 --> 00:19:26,879 Speaker 1: Christina Hooper is the chief Global market strategist at investco 335 00:19:27,040 --> 00:19:29,560 Speaker 1: with us this morning as we watch futures move higher. 336 00:19:29,800 --> 00:19:32,080 Speaker 1: SMP futures right now up twenty points. That's a gain 337 00:19:32,080 --> 00:19:34,680 Speaker 1: of a half percent. DAL futures up a hundred forty 338 00:19:34,720 --> 00:19:37,399 Speaker 1: seven points and NASTAC futures are leading the gains right 339 00:19:37,440 --> 00:19:40,000 Speaker 1: now of eighty six points for a gain of seven 340 00:19:40,000 --> 00:19:42,320 Speaker 1: tenths of one percent. The ten year treasury right now 341 00:19:42,320 --> 00:19:46,000 Speaker 1: down sixteen thirty seconds, the yield three point to five percent, 342 00:19:46,119 --> 00:19:48,760 Speaker 1: and the yield on the two year three point four 343 00:19:48,960 --> 00:19:54,080 Speaker 1: five Just ahead, U came incoming Prime Minister Liz Trust's 344 00:19:54,119 --> 00:19:59,320 Speaker 1: plans to address her country's energy crisis, and a special 345 00:19:59,320 --> 00:20:07,920 Speaker 1: master of pointed for Marlago. This is Bloomberg. Bloomberg eleven 346 00:20:07,960 --> 00:20:09,800 Speaker 1: three oh Weather. We got a flood watch till five 347 00:20:09,840 --> 00:20:12,119 Speaker 1: this afternoon, with heavy rain at times, going up to 348 00:20:12,160 --> 00:20:15,840 Speaker 1: near seventy five degrees today, low seventies, mostly cloudy tomorrow, 349 00:20:15,880 --> 00:20:18,640 Speaker 1: clearing a high near eighty on Thursday. Right now seventy 350 00:20:18,640 --> 00:20:26,280 Speaker 1: three degrees. Broadcasting live from the Bloomberg Interacted Broker Studio 351 00:20:26,400 --> 00:20:29,280 Speaker 1: in New York. Bloomberg E living in Freedom to Washington, 352 00:20:29,359 --> 00:20:33,639 Speaker 1: d C. Bloomberg to Boston, Bloomberg one six one to 353 00:20:33,680 --> 00:20:37,760 Speaker 1: San Francisco, Bloomberg sixteen to the country Sirius XM Chado 354 00:20:37,840 --> 00:20:41,000 Speaker 1: one nineteen and around the globe the Bloomberg Business app 355 00:20:41,119 --> 00:20:50,920 Speaker 1: and Bloomberg Radio dot Com. This is Bloomberg Daybreak. It's 356 00:20:50,920 --> 00:20:53,119 Speaker 1: five thirty on Wall Street. Good morning. I'm Nathan Hager 357 00:20:53,359 --> 00:20:56,280 Speaker 1: and I'm Karen Moscow. We're just about four hours away 358 00:20:56,280 --> 00:20:58,280 Speaker 1: from the open of US trading. Let's get you up 359 00:20:58,280 --> 00:20:59,680 Speaker 1: to day on the news you need to know at 360 00:20:59,680 --> 00:21:01,879 Speaker 1: this show hour, we begin with it Changing of the 361 00:21:01,960 --> 00:21:05,399 Speaker 1: Guard in the UK, outgoing Prime Minister Boris Johnson delivered 362 00:21:05,440 --> 00:21:08,919 Speaker 1: his final speech before handing over to successor List Trust. 363 00:21:09,359 --> 00:21:13,760 Speaker 1: Johnson leaves behind surging inflation, a potential recession, and an 364 00:21:13,840 --> 00:21:19,320 Speaker 1: energy crisis. We have and will continue to have that 365 00:21:19,480 --> 00:21:23,119 Speaker 1: economic strength to give people the cash they need to 366 00:21:23,200 --> 00:21:27,400 Speaker 1: get through this energy crisis that has been caused by 367 00:21:27,480 --> 00:21:33,320 Speaker 1: Putin's vicious war. And I know it lives. Truss and 368 00:21:33,560 --> 00:21:37,600 Speaker 1: this compassionate Conservative government will do everything we can to 369 00:21:37,600 --> 00:21:41,119 Speaker 1: get people through this crisis. Prime Minister Boris Johnson spoke 370 00:21:41,119 --> 00:21:44,240 Speaker 1: from ten Downing Street today. Sources tell us List Trust 371 00:21:44,280 --> 00:21:47,640 Speaker 1: has drafted a plan worth one hundred thirty billion pounds 372 00:21:47,920 --> 00:21:50,960 Speaker 1: to avert a massive spike in energy bills. Well back 373 00:21:50,960 --> 00:21:52,919 Speaker 1: here in the US, care and a federal judge has 374 00:21:52,920 --> 00:21:55,880 Speaker 1: granted former President Trump's request for a third party known 375 00:21:55,920 --> 00:21:58,240 Speaker 1: as a special Master to review record sees by the 376 00:21:58,320 --> 00:22:01,320 Speaker 1: FBI at his Moral Logo home. Former Assistant U S 377 00:22:01,359 --> 00:22:04,439 Speaker 1: Attorney Jeff Robins says, this means a significant delay for 378 00:22:04,480 --> 00:22:08,520 Speaker 1: the d j's investigation. That special master, that individual is 379 00:22:08,560 --> 00:22:11,040 Speaker 1: going to have to take a very long time reviewing 380 00:22:11,119 --> 00:22:14,320 Speaker 1: documents and essentially doing what the Department of Justice has 381 00:22:14,400 --> 00:22:18,080 Speaker 1: already done making its own report to the federal court. 382 00:22:18,280 --> 00:22:21,040 Speaker 1: And then we may be in a Dickenzie and kind 383 00:22:21,040 --> 00:22:24,400 Speaker 1: of a situation where litigation is spawned, which will keep 384 00:22:24,440 --> 00:22:28,200 Speaker 1: this investigation on ice. Former federal prosecutor Jeff Robin says 385 00:22:28,240 --> 00:22:31,119 Speaker 1: the judge in the case was appointed by former President Trump. 386 00:22:31,400 --> 00:22:33,679 Speaker 1: Well to the economy now, Nathan, where we're watching a 387 00:22:33,720 --> 00:22:36,280 Speaker 1: few economic ratings this week, including the I s M 388 00:22:36,400 --> 00:22:39,840 Speaker 1: Service Industry Index today, the BEJE book tomorrow, and job 389 00:22:39,920 --> 00:22:42,840 Speaker 1: dis claims Thursday. There's also the promise of more corporate 390 00:22:42,840 --> 00:22:45,679 Speaker 1: earnings with Kroger reporting later this week. Now to a 391 00:22:45,720 --> 00:22:48,719 Speaker 1: major acquisition here and CVS Health has reached an agreement 392 00:22:48,760 --> 00:22:51,840 Speaker 1: to buy home health and technology services providers Signify Help 393 00:22:51,920 --> 00:22:55,920 Speaker 1: for approximately eight billion dollars. CVS emerged as the winning 394 00:22:55,920 --> 00:22:59,120 Speaker 1: bidder over other suitors, including United Health Group and Amazon. 395 00:22:59,640 --> 00:23:01,719 Speaker 1: And I mean your chast is coming today for the 396 00:23:01,840 --> 00:23:05,160 Speaker 1: energy grid in California. This needs under an excessive heat 397 00:23:05,200 --> 00:23:08,199 Speaker 1: warning that's driving electricity used to its highest level in 398 00:23:08,280 --> 00:23:12,320 Speaker 1: five years. Is a narrowly avoided rolling blackouts yesterday, but 399 00:23:12,440 --> 00:23:15,399 Speaker 1: power demand could reach an all time high today with 400 00:23:15,480 --> 00:23:19,680 Speaker 1: businesses and schools reopening, and futures this morning are higher. 401 00:23:19,840 --> 00:23:22,879 Speaker 1: SNP futures have twenty three points and down futures of 402 00:23:22,960 --> 00:23:28,160 Speaker 1: one sixty one and Nastaic futures are up and straight ahead. 403 00:23:28,240 --> 00:23:32,360 Speaker 1: We have your latest local headlines, plus a check of sports, 404 00:23:32,400 --> 00:23:40,439 Speaker 1: and this is Bloomberg. Thanks. Three on Wall Street, seventy 405 00:23:40,440 --> 00:23:43,200 Speaker 1: three degrees in Central Park. Michael Bars here with more 406 00:23:43,240 --> 00:23:45,439 Speaker 1: on what's going on in New York and around the world. Michael, 407 00:23:45,440 --> 00:23:47,920 Speaker 1: thank you very much. Nathan, a federal monitor has told 408 00:23:47,960 --> 00:23:51,000 Speaker 1: New York City to keep all documents related to its 409 00:23:51,040 --> 00:23:54,560 Speaker 1: investigation into dangerous levels of arsenic in the tap water 410 00:23:54,640 --> 00:23:57,920 Speaker 1: at one of the city's largest public public housing complexes 411 00:23:58,240 --> 00:24:01,439 Speaker 1: throughout the holiday weekend. Sense of tenants at the jacob 412 00:24:01,520 --> 00:24:04,520 Speaker 1: Reee Houses in Manhattan were told not to drink or 413 00:24:04,560 --> 00:24:08,120 Speaker 1: cook with the water. From their taps. Nita said that 414 00:24:08,240 --> 00:24:13,080 Speaker 1: maybe that those earlier tests are wrong because later tests 415 00:24:13,320 --> 00:24:16,359 Speaker 1: don't seem to show the arsenic However, the mayor's office 416 00:24:16,400 --> 00:24:19,639 Speaker 1: is still advising residents not to drink or cook with 417 00:24:19,680 --> 00:24:22,880 Speaker 1: the water while it awaits more results. This resident says 418 00:24:22,920 --> 00:24:26,080 Speaker 1: she is not taking any chances. I never trusted the 419 00:24:26,080 --> 00:24:29,320 Speaker 1: water because I was so itchy and I'm like, what 420 00:24:29,480 --> 00:24:31,679 Speaker 1: is it? What is the tiling every wall, my products, 421 00:24:31,720 --> 00:24:35,000 Speaker 1: and I'm like, it's the water. Nita says the community 422 00:24:35,080 --> 00:24:37,760 Speaker 1: will be kept informed about the water. One of the 423 00:24:37,840 --> 00:24:40,280 Speaker 1: suspects and the stabbing deaths of ten people in the 424 00:24:40,320 --> 00:24:44,760 Speaker 1: Canadian province of Saskatchewan has been found dead. Police say 425 00:24:44,800 --> 00:24:48,680 Speaker 1: his injuries are not self inflicted. Authorities continued to search 426 00:24:48,760 --> 00:24:52,639 Speaker 1: for a second suspect. Regina Police Chief Evan Bray says 427 00:24:52,680 --> 00:24:55,879 Speaker 1: thirty year old Miles Sanderson is still considered to be 428 00:24:56,119 --> 00:24:59,440 Speaker 1: armed and dangerous but possibly injured. With tragedy like this 429 00:25:00,119 --> 00:25:02,760 Speaker 1: and uh and you know, unknown whereabouts, there's a lot 430 00:25:02,800 --> 00:25:05,400 Speaker 1: of anxiety in our province right now, in our communities 431 00:25:05,400 --> 00:25:09,200 Speaker 1: and throughout the country. Chief braces. Anderson's brother, Damien Sanderson, 432 00:25:09,320 --> 00:25:11,800 Speaker 1: was found dead near the stabbing sites it is the 433 00:25:11,840 --> 00:25:15,080 Speaker 1: first day of school for residents in Newark, New Jersey. 434 00:25:15,440 --> 00:25:17,840 Speaker 1: It is also a new school year today and Vold 435 00:25:17,920 --> 00:25:21,240 Speaker 1: the Texas. There's high fencing around the city's public school 436 00:25:21,320 --> 00:25:24,879 Speaker 1: campuses that still isn't finished, and a heavy police patrol 437 00:25:24,960 --> 00:25:28,280 Speaker 1: that many families don't trust. After officers in May allow 438 00:25:28,359 --> 00:25:31,240 Speaker 1: the gunmen to shoot inside a rob elementary school for 439 00:25:31,320 --> 00:25:34,960 Speaker 1: more than seventy minutes, nineteen children and two teachers were killed. 440 00:25:35,400 --> 00:25:37,960 Speaker 1: Global News twenty four hours a day on air and 441 00:25:38,200 --> 00:25:41,560 Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred 442 00:25:41,600 --> 00:25:44,239 Speaker 1: journalists and analysts more than a hundred twenty countries. Hi 443 00:25:44,320 --> 00:25:47,399 Speaker 1: Michael bar And this is Bloomberg, Nathan. Thank you, Michael 444 00:25:53,040 --> 00:25:55,760 Speaker 1: wall Street. Time for the Bloomberg Sports Update. Here's John Stash. 445 00:25:56,040 --> 00:25:59,320 Speaker 1: Thanks Nathan. Another game, another Aaron Judge hombron. This one 446 00:25:59,400 --> 00:26:01,439 Speaker 1: game six in the stadium of the man Aboard. It's 447 00:26:01,440 --> 00:26:04,680 Speaker 1: snapped to two two tie. It's his fifty fourth. He's 448 00:26:04,720 --> 00:26:07,679 Speaker 1: on pace now to finish the season with sixty five. 449 00:26:08,200 --> 00:26:10,800 Speaker 1: Since going nine games without a homer, Judge has hit 450 00:26:10,880 --> 00:26:13,560 Speaker 1: one and eight of the last thirteen games fifty four homers. 451 00:26:13,640 --> 00:26:16,760 Speaker 1: Ties in with Alex Rodriguez, most by a Yankee right 452 00:26:16,840 --> 00:26:19,520 Speaker 1: handed hit or Yankees bait the Twins five to two. 453 00:26:19,600 --> 00:26:23,280 Speaker 1: They also got homers from two unlikely sources, Marwin Gonzalez 454 00:26:23,359 --> 00:26:25,720 Speaker 1: and Isaiah Connor. For Leffa. The Mets were reined out 455 00:26:25,760 --> 00:26:29,720 Speaker 1: in Pittsburgh at the US Open upsets long matches. Nothing 456 00:26:29,880 --> 00:26:33,240 Speaker 1: lasted longer than the fourth rounder between Carlos Alcarez and 457 00:26:33,400 --> 00:26:36,480 Speaker 1: Marin Schiltz. The fourth set took over an hour. The 458 00:26:36,640 --> 00:26:39,480 Speaker 1: match took nearly four hours. It ended at two twenty 459 00:26:39,600 --> 00:26:43,720 Speaker 1: three this morning. Alcarez prevailed in five sets, the third seed. 460 00:26:43,800 --> 00:26:46,560 Speaker 1: He's the highest seed left with the stunning departure of 461 00:26:46,680 --> 00:26:50,440 Speaker 1: Raphael the dal yesterday, upset by American Francis Tiafo. The 462 00:26:50,600 --> 00:26:52,960 Speaker 1: Dalla had not lost a Grand Slam match this year. 463 00:26:53,000 --> 00:26:55,240 Speaker 1: He won the first two tournaments, then he got injured 464 00:26:55,280 --> 00:26:58,040 Speaker 1: at Wimbledon. Of the eight men left, none have won 465 00:26:58,119 --> 00:27:00,240 Speaker 1: a Grand Slam. Attorney that does not have but than 466 00:27:00,280 --> 00:27:03,439 Speaker 1: any and only two previous slams is the open air 467 00:27:03,480 --> 00:27:05,840 Speaker 1: of again in n The women down to the final late. 468 00:27:05,880 --> 00:27:08,320 Speaker 1: It does include the top seed, Higo Sliotec. She lost 469 00:27:08,400 --> 00:27:11,280 Speaker 1: the first set, won the third sixth love Americans Cocoa 470 00:27:11,359 --> 00:27:16,040 Speaker 1: Golf and Jess Pagoula still active, but another American, Daniel Collins, 471 00:27:16,119 --> 00:27:19,119 Speaker 1: lost last night Golf plays her quarterfinal match tonight. NFL 472 00:27:19,200 --> 00:27:22,480 Speaker 1: season kicks off Thursday Sunday the jetsos Baltimore. It was 473 00:27:22,520 --> 00:27:25,440 Speaker 1: assumed ad quarterback by Joe Flaco, but coach Rob Sella 474 00:27:25,480 --> 00:27:28,200 Speaker 1: now says Zach Wilson may be able to return from 475 00:27:28,240 --> 00:27:31,240 Speaker 1: his knee injury. Decision will be made tomorrow. John Stashar 476 00:27:31,280 --> 00:27:33,720 Speaker 1: Bloomberg Sports Nathan. Thank you John, coming up to five 477 00:27:33,800 --> 00:27:35,840 Speaker 1: thirty seven on Wall Street Time for the Tri State 478 00:27:35,880 --> 00:27:39,280 Speaker 1: Business Report. Here's Floomberg, said Corey. In mid August, Mayor 479 00:27:39,480 --> 00:27:43,639 Speaker 1: Eric Adams announced that while abandoned dining sheds would be destroyed, 480 00:27:44,080 --> 00:27:46,520 Speaker 1: outdoor dining in New York City is here to stay, 481 00:27:47,000 --> 00:27:49,359 Speaker 1: but the time says what outdoor donning will look like 482 00:27:49,680 --> 00:27:52,520 Speaker 1: is still up in the air. Some New Yorkers are suing, 483 00:27:52,560 --> 00:27:55,720 Speaker 1: claiming the program has ruined their quality of life. A 484 00:27:55,760 --> 00:27:58,280 Speaker 1: new multi brand boutique is coming to New York City, 485 00:27:58,640 --> 00:28:01,600 Speaker 1: outlined an Airy Boot Peak in the boreham Hill neighborhood 486 00:28:01,640 --> 00:28:05,640 Speaker 1: of Brooklyn, opens Thursday. Women's Where Daily says it's being 487 00:28:05,760 --> 00:28:10,320 Speaker 1: spearheaded by opening ceremony and tote Kilo's former women's buyer, 488 00:28:10,400 --> 00:28:14,199 Speaker 1: Margaret on Still, along with two childhood friends. New Milford 489 00:28:14,240 --> 00:28:16,560 Speaker 1: will soon be feeling the luck of the Irish is 490 00:28:16,640 --> 00:28:20,639 Speaker 1: the Greater Danbury Irish Festival return September tenth and eleven 491 00:28:21,119 --> 00:28:24,879 Speaker 1: after a two year hiatus. Vendors will sell jewelry, art, 492 00:28:25,280 --> 00:28:28,399 Speaker 1: food and other items from the Emerald Aisle at the 493 00:28:28,600 --> 00:28:33,040 Speaker 1: festival's Irish Village. That your Bloomberg Trying State Business Report. 494 00:28:33,160 --> 00:28:36,040 Speaker 1: I'm Ed Corey. Thank you at it on Wall Street. 495 00:28:36,040 --> 00:28:38,600 Speaker 1: Bloomberg Radio is on the air from San Francisco to 496 00:28:38,680 --> 00:28:41,000 Speaker 1: New York, London to Hong Kong. Let's check in with 497 00:28:41,040 --> 00:28:43,000 Speaker 1: our global news team for some of the top stories 498 00:28:43,000 --> 00:28:46,200 Speaker 1: heard on our three hundred affiliate radio stations around the world. 499 00:28:49,360 --> 00:28:52,240 Speaker 1: I'm Steve Potaskan on K and next to Los Angeles, 500 00:28:52,320 --> 00:28:56,600 Speaker 1: We're talking about the retirement of the longtime Sony PlayStation 501 00:28:56,760 --> 00:29:00,160 Speaker 1: hardware arch attack. I'm Gina Servetti and for Well do 502 00:29:00,200 --> 00:29:03,640 Speaker 1: you Bb, I'm in Chicago. I'm reporting that several major cities, 503 00:29:03,680 --> 00:29:06,360 Speaker 1: including Chicago, are starting to see a reversal in the 504 00:29:06,440 --> 00:29:10,760 Speaker 1: pandemic era exodus of residents fleeing town, les Mateo, and 505 00:29:10,840 --> 00:29:14,320 Speaker 1: on KYW in Philadelphia, I'll be reporting on more troubling 506 00:29:14,400 --> 00:29:17,680 Speaker 1: news from a struggling retailer. I'm Calinet on bloombag d 507 00:29:17,760 --> 00:29:20,360 Speaker 1: A B. Disado in London. We've been reporting on Boys 508 00:29:20,440 --> 00:29:24,000 Speaker 1: Johnson's departure from downing Streets and Liz Chausi's plans to 509 00:29:24,240 --> 00:29:27,920 Speaker 1: tackle energy bills as she takes power. IMD Corey on 510 00:29:28,200 --> 00:29:31,600 Speaker 1: w w J in Detroit, I'm reporting OTTO lending could 511 00:29:31,680 --> 00:29:35,240 Speaker 1: be part of the community reinvestment pack. Those are some 512 00:29:35,320 --> 00:29:38,239 Speaker 1: of the stories our tred Bloomberg journalists and analysts are 513 00:29:38,280 --> 00:29:41,000 Speaker 1: working on this morning. Around the world, It's thirty nine 514 00:29:41,040 --> 00:29:45,040 Speaker 1: on Wall Street. The following is an editorial from Bloomberg Opinion. 515 00:29:45,360 --> 00:29:50,040 Speaker 1: This editorial was written by the Bloomberg Editorial Board. Apparently 516 00:29:50,320 --> 00:29:53,600 Speaker 1: unhappy with the current pace of business migration out of 517 00:29:53,640 --> 00:29:57,240 Speaker 1: their state, California's legislators have come up with a good 518 00:29:57,320 --> 00:30:00,960 Speaker 1: way to accelerate it. They voted recently to create a 519 00:30:01,040 --> 00:30:05,240 Speaker 1: council of political appointees to set wages in the fast 520 00:30:05,360 --> 00:30:09,880 Speaker 1: food industry. The so called Fast Recovery Act now awaits 521 00:30:09,960 --> 00:30:14,240 Speaker 1: Governor Gavin Newsom's signature. He can't squash this ill conceived 522 00:30:14,360 --> 00:30:18,800 Speaker 1: initiative quickly enough. A statewide minimum wage for a subset 523 00:30:18,840 --> 00:30:24,120 Speaker 1: of workers would arbitrarily fragment California's labor market, raise prices 524 00:30:24,200 --> 00:30:28,960 Speaker 1: for consumers, and to press investment. Labor markets aren't perfect, 525 00:30:29,040 --> 00:30:33,120 Speaker 1: and policymakers certainly need to address their flaws, but creating 526 00:30:33,200 --> 00:30:37,240 Speaker 1: an unaccountable bureaucracy to set wages for a single industry 527 00:30:37,840 --> 00:30:41,040 Speaker 1: isn't the right way to do it. This editorial was 528 00:30:41,080 --> 00:30:44,600 Speaker 1: written by the Bloomberg Editorial Board. For more Bloomberg opinion, 529 00:30:44,680 --> 00:30:47,640 Speaker 1: please go to Bloomberg dot com, slash opinion or O 530 00:30:47,840 --> 00:30:50,960 Speaker 1: P I N go on the Bloomberg terminal. This has 531 00:30:51,040 --> 00:30:54,600 Speaker 1: been Bloomberg opinion. You can hear Bloomberg opinion editorials every 532 00:30:54,640 --> 00:30:57,840 Speaker 1: weekday at this time, terminal customers can read more at 533 00:30:57,920 --> 00:31:01,320 Speaker 1: O P I N go. As a futures moving higher 534 00:31:01,400 --> 00:31:03,880 Speaker 1: by twenty three point, staff futures are up one hundred 535 00:31:03,960 --> 00:31:07,680 Speaker 1: seventy NASTAC futures leading the games right now up ninety points. 536 00:31:07,800 --> 00:31:10,880 Speaker 1: The tenure treasury is now down seventeen thirty seconds. The 537 00:31:10,960 --> 00:31:13,640 Speaker 1: yield three point to five percent yield on the two 538 00:31:13,760 --> 00:31:22,920 Speaker 1: year three point four six percent. This is Bloomberg Bloomberg 539 00:31:22,960 --> 00:31:25,560 Speaker 1: eleven three oh weather rain heavy at times, flood watch 540 00:31:25,640 --> 00:31:28,280 Speaker 1: until five this afternoon with a high near seventy five degrees, 541 00:31:28,400 --> 00:31:31,400 Speaker 1: low seventies, mostly cloudy tomorrow, clearing with a high near 542 00:31:31,440 --> 00:31:37,480 Speaker 1: eighty on Thursday. Right now seventy three in Central Park Markets. 543 00:31:37,560 --> 00:31:40,640 Speaker 1: Headlines and breaking news twenty four hours a day at 544 00:31:40,720 --> 00:31:44,080 Speaker 1: Bloomberg dot Com and Bloomberg Business at and at Bloomberg 545 00:31:44,200 --> 00:31:54,240 Speaker 1: Quicktape trus a Bloomberg Business Flash. Hi, good morning, I'm 546 00:31:54,320 --> 00:31:57,400 Speaker 1: Karen Moscow. European stocks on the rise this morning as 547 00:31:57,440 --> 00:32:00,880 Speaker 1: investors assess responses by leaders to the region growing energy 548 00:32:00,960 --> 00:32:03,840 Speaker 1: crisis ahead of the European Central Banks policy meeting later 549 00:32:03,960 --> 00:32:06,840 Speaker 1: this week. US stock index futures are on the rise. 550 00:32:06,920 --> 00:32:09,240 Speaker 1: We check the markets every fifteen minutes throughout the trading 551 00:32:09,360 --> 00:32:12,040 Speaker 1: day on Bloomberg Guess and p Future is up twenty 552 00:32:12,080 --> 00:32:15,120 Speaker 1: three points. Deal futures up a hundred seventy three nasdack 553 00:32:15,200 --> 00:32:17,800 Speaker 1: futures have eighties seven the decks in Germany's up eight 554 00:32:17,880 --> 00:32:21,280 Speaker 1: tenths of uppercent ten year treasury down sixteen thirty seconds, 555 00:32:21,320 --> 00:32:23,400 Speaker 1: held three point to five percent. They yield on the 556 00:32:23,480 --> 00:32:26,120 Speaker 1: two year three point four or five percent. Nine x 557 00:32:26,160 --> 00:32:28,760 Speaker 1: screwed oil is up to ten percent or thirteen cents 558 00:32:28,760 --> 00:32:31,680 Speaker 1: at eighty seven dollars one cent to barrel comc School 559 00:32:31,680 --> 00:32:34,720 Speaker 1: that will change at seventeen twenty two sixty announced. The 560 00:32:34,880 --> 00:32:38,480 Speaker 1: euro is at pot three against the dollar, British pound 561 00:32:38,520 --> 00:32:40,800 Speaker 1: one point one five nine five, the hands at one 562 00:32:41,200 --> 00:32:43,760 Speaker 1: one point seven three and look at bitcoin this morning, 563 00:32:44,080 --> 00:32:47,120 Speaker 1: it's up one percent in nineteen thousand and nine hundred dollars. 564 00:32:47,360 --> 00:32:49,840 Speaker 1: That's a Bloomberg business flash. Now here's Michael Barr with 565 00:32:49,960 --> 00:32:52,440 Speaker 1: more on what's going on around the world. Michael Darren, 566 00:32:52,480 --> 00:32:55,000 Speaker 1: thank you very much. British Prime Minister Boards Johnson gave 567 00:32:55,160 --> 00:32:58,640 Speaker 1: his departure speech outside ten Downing Street this morning. This 568 00:32:58,880 --> 00:33:01,960 Speaker 1: trucks take over as the next Prime Minister. At the 569 00:33:02,080 --> 00:33:05,400 Speaker 1: US Open, Raphael Dodal was knocked out by Francis Tifo. 570 00:33:05,920 --> 00:33:08,960 Speaker 1: In baseball, the Yankees beat the Twins five to Aaron 571 00:33:09,120 --> 00:33:11,480 Speaker 1: Judge hit his fifty fourth home run of the season. 572 00:33:11,800 --> 00:33:15,560 Speaker 1: The Mets game was postponed rain The Red Sox lost 573 00:33:15,720 --> 00:33:19,160 Speaker 1: the Nationals and Giants won. The Orioles lost both games 574 00:33:19,200 --> 00:33:22,240 Speaker 1: of a doubleheader with the Blue Jays. Global News twenty 575 00:33:22,240 --> 00:33:25,080 Speaker 1: four hours a Day on here and on Bloomberg Quick Take, 576 00:33:25,320 --> 00:33:28,160 Speaker 1: powered by more than twenty seven hundred journalist antalists more 577 00:33:28,200 --> 00:33:31,000 Speaker 1: than a hundred twenty countries. Michael Barr And this is 578 00:33:31,080 --> 00:33:34,440 Speaker 1: Bloomberg Nather. Okay, Michael, thank you. It's on Wall Street 579 00:33:34,520 --> 00:33:38,200 Speaker 1: Line from the Bloomberg Interactive Brokers Studios. This is Bloomberg 580 00:33:38,360 --> 00:33:41,520 Speaker 1: day Break. Former President Donald Trump has won his bid 581 00:33:41,640 --> 00:33:44,000 Speaker 1: for a third party review of record scenes from his 582 00:33:44,080 --> 00:33:46,480 Speaker 1: maral Lago home last month. From more on this and 583 00:33:46,640 --> 00:33:49,040 Speaker 1: all the political news happening this morning, we welcome Joe 584 00:33:49,160 --> 00:33:52,680 Speaker 1: Matthew Are, Washington correspondent, host of Sound on Here on 585 00:33:52,800 --> 00:33:56,360 Speaker 1: Bloomberg Radio. Joe, good morning. The President got what he 586 00:33:56,480 --> 00:33:59,160 Speaker 1: was looking for. What does this mean for the Justice 587 00:33:59,200 --> 00:34:02,200 Speaker 1: Department's invest again to have a special master taking a 588 00:34:02,240 --> 00:34:04,520 Speaker 1: look at the documents? Now, well, it looks like it's 589 00:34:04,560 --> 00:34:07,360 Speaker 1: gonna slow things down for starters, and that could be 590 00:34:07,680 --> 00:34:11,040 Speaker 1: a strategy in itself here. Uh and and you know 591 00:34:11,120 --> 00:34:14,000 Speaker 1: we're talking about Donald Trump, so that's not a huge 592 00:34:14,000 --> 00:34:17,440 Speaker 1: shocker here. Um, The judge says that d o J 593 00:34:17,680 --> 00:34:21,320 Speaker 1: cannot continue reviewing documents for the case during this process, 594 00:34:21,400 --> 00:34:24,960 Speaker 1: So that's going to come to a halt. Intelligence officials. However, 595 00:34:25,200 --> 00:34:27,960 Speaker 1: Nathan will be allowed to continue looking for any possible 596 00:34:28,040 --> 00:34:31,280 Speaker 1: risk to national security. Those are two sort of separate 597 00:34:31,360 --> 00:34:35,279 Speaker 1: processes here, uh and and look, there's a redundancy in 598 00:34:35,360 --> 00:34:37,440 Speaker 1: all of this. The Special Master. The reason why d 599 00:34:37,560 --> 00:34:40,080 Speaker 1: o J pushed back on it is that it already 600 00:34:40,200 --> 00:34:42,680 Speaker 1: has a filter team, as it's called. We've talked about 601 00:34:42,760 --> 00:34:45,360 Speaker 1: this used for the very same purpose that a Special 602 00:34:45,440 --> 00:34:48,000 Speaker 1: Master would be appointed for. It's it's it's supposed to 603 00:34:48,040 --> 00:34:50,600 Speaker 1: be neutral. That team is made up of people specifically 604 00:34:50,640 --> 00:34:53,279 Speaker 1: not part of the prosecution team handling the case. So 605 00:34:53,400 --> 00:34:55,719 Speaker 1: the idea here is that Donald Trump is likely trying to, 606 00:34:56,040 --> 00:34:58,160 Speaker 1: you know, hit the brakes. The judge was appointed by 607 00:34:58,200 --> 00:35:01,160 Speaker 1: Donald Trump and says her just aation was probably justified 608 00:35:01,200 --> 00:35:04,959 Speaker 1: by the DOJ's admission that some investigators had already seen 609 00:35:05,080 --> 00:35:08,720 Speaker 1: some of the documents covered by attorney client privilege. But remember, Nathan, 610 00:35:09,000 --> 00:35:12,200 Speaker 1: when those FBI agents went down tomorrow lago, they brought 611 00:35:12,280 --> 00:35:15,600 Speaker 1: the documents back to Washington. The team's dealing with them 612 00:35:15,680 --> 00:35:18,680 Speaker 1: had to get extra security clearances so they would be 613 00:35:18,760 --> 00:35:22,799 Speaker 1: allowed to read such highly classified information. The same will 614 00:35:22,840 --> 00:35:25,400 Speaker 1: have to happen for the Special Master. Now, if the 615 00:35:26,000 --> 00:35:28,960 Speaker 1: national security review is going to be allowed to go 616 00:35:29,160 --> 00:35:33,080 Speaker 1: forward here irrespective of the Justice Department investigation. What does 617 00:35:33,160 --> 00:35:37,120 Speaker 1: that potentially mean for the former president's legal jeopardy here? Well, 618 00:35:37,200 --> 00:35:39,120 Speaker 1: it's really hard to tell, because, of course we still 619 00:35:39,160 --> 00:35:41,160 Speaker 1: don't know what they found, and this is likely going 620 00:35:41,200 --> 00:35:43,160 Speaker 1: to be a long case. This is not something that 621 00:35:43,200 --> 00:35:46,319 Speaker 1: they're about to announce charges on, and frankly, Uh, they 622 00:35:46,360 --> 00:35:49,560 Speaker 1: wouldn't even if they were prepared to announce charges. Being 623 00:35:49,600 --> 00:35:51,600 Speaker 1: as close as we are to the mid terms really 624 00:35:51,640 --> 00:35:54,160 Speaker 1: kind of puts this thing, at least publicly on ice. 625 00:35:55,200 --> 00:35:57,280 Speaker 1: The d o J could take months and even years 626 00:35:57,640 --> 00:35:59,920 Speaker 1: to figure this case. So what they're looking at right 627 00:36:00,040 --> 00:36:04,160 Speaker 1: now from a national security standpoint, uh, is different than 628 00:36:04,239 --> 00:36:08,240 Speaker 1: the case against Donald Trump. There could be specific elements 629 00:36:08,680 --> 00:36:11,160 Speaker 1: of the government that needs need to act on on 630 00:36:11,320 --> 00:36:13,640 Speaker 1: whatever kind of document is there that may have posed 631 00:36:13,680 --> 00:36:16,000 Speaker 1: a risk, but of course we don't know what that is. Nathan. 632 00:36:16,080 --> 00:36:19,640 Speaker 1: There's so much of this that remains entirely speculative. And 633 00:36:19,760 --> 00:36:23,600 Speaker 1: if we're looking at the possibility of this investigation dragging 634 00:36:23,680 --> 00:36:26,120 Speaker 1: on for months or even years, as you say, Joe, 635 00:36:26,239 --> 00:36:29,040 Speaker 1: that raises the possibility that it could be running up 636 00:36:29,080 --> 00:36:32,480 Speaker 1: against isn't that expecting is going to be coming from 637 00:36:32,520 --> 00:36:37,160 Speaker 1: former President Trump another presidential run in twenty four Yeah, look, 638 00:36:37,239 --> 00:36:40,720 Speaker 1: I mean the next June, Nathan is the first presidential debate. 639 00:36:40,800 --> 00:36:44,600 Speaker 1: I hate to drag you into this already, Yes, I 640 00:36:44,680 --> 00:36:48,120 Speaker 1: mean this is coming quickly. So it is absolutely possible, 641 00:36:48,160 --> 00:36:50,640 Speaker 1: if not likely, that this is gonna not be so 642 00:36:50,760 --> 00:36:53,160 Speaker 1: much of a midterm issue. But we'll bump up against 643 00:36:53,520 --> 00:36:56,719 Speaker 1: the presidential election in four d o j will have 644 00:36:56,840 --> 00:36:59,120 Speaker 1: time in between. There. There's kind of an unspoken sixty 645 00:36:59,200 --> 00:37:01,320 Speaker 1: day rule. That's why they're not likely to say anything 646 00:37:01,400 --> 00:37:03,839 Speaker 1: between now and the mid terms. But next year could 647 00:37:03,880 --> 00:37:08,120 Speaker 1: be open season. And just imagine document drops, you know, 648 00:37:08,320 --> 00:37:10,600 Speaker 1: breaking news coming from this case on the eve of 649 00:37:10,640 --> 00:37:13,759 Speaker 1: a presidential debate. This could be wild. Well in our 650 00:37:13,840 --> 00:37:15,840 Speaker 1: less than a minute left here, Joe, what could this 651 00:37:16,000 --> 00:37:18,680 Speaker 1: mean for a midterm election that's now just two months away? 652 00:37:18,760 --> 00:37:22,840 Speaker 1: The specter of an investigation happening against a former president 653 00:37:22,960 --> 00:37:25,600 Speaker 1: while the parties are trying to keep control of Congress. Well, 654 00:37:25,640 --> 00:37:28,120 Speaker 1: it seems to be only helping Donald Trump with his 655 00:37:28,239 --> 00:37:31,160 Speaker 1: base right now. Uh, and it may not rub off 656 00:37:31,360 --> 00:37:34,920 Speaker 1: on Trump endorsed candidates. It's very difficult to quantify that 657 00:37:35,000 --> 00:37:36,840 Speaker 1: in a real way right now, to sort of connect 658 00:37:36,840 --> 00:37:40,120 Speaker 1: the dots when you have everything from inflation to two 659 00:37:40,239 --> 00:37:42,920 Speaker 1: Roe v. Wade driving voters to the polls right now, 660 00:37:42,960 --> 00:37:45,920 Speaker 1: I'm not sure that mar Lago is going to factor in. 661 00:37:46,719 --> 00:37:49,480 Speaker 1: But again, we get through November and we're already going 662 00:37:49,520 --> 00:37:52,000 Speaker 1: to be essentially in a presidential contest when this will 663 00:37:52,040 --> 00:37:55,320 Speaker 1: be a very big deal. That's happening quickly. Joe Matthew, 664 00:37:55,520 --> 00:37:59,200 Speaker 1: Washington correspondent. As always, thanks for joining us from Washington, 665 00:37:59,320 --> 00:38:02,360 Speaker 1: d C. Right, Nathan, it is five fifty three on 666 00:38:02,480 --> 00:38:04,960 Speaker 1: WALLU Straet. It's time for our Bloomberg Law Report. We 667 00:38:05,040 --> 00:38:07,200 Speaker 1: get to the legal stories we are watching this morning 668 00:38:07,280 --> 00:38:13,520 Speaker 1: from Bloomberg's Jeff Bellinger. A lawship filed in Seattle federal 669 00:38:13,640 --> 00:38:18,040 Speaker 1: court accuses Amazon dot Com of violating consumers privacy by 670 00:38:18,160 --> 00:38:21,759 Speaker 1: keeping detailed records of their Prime video rental history. A 671 00:38:21,840 --> 00:38:26,040 Speaker 1: federal lawsuit accuses Edward Jones of discriminating against female home 672 00:38:26,160 --> 00:38:29,799 Speaker 1: office financial advisers by paying them less than males who 673 00:38:29,840 --> 00:38:33,040 Speaker 1: did the same jobs. A federal court in Pennsylvania ruled 674 00:38:33,080 --> 00:38:36,040 Speaker 1: that a jury will hear a former Teva executives age 675 00:38:36,120 --> 00:38:40,040 Speaker 1: discrimination complaint. The plaintiff says he was fired and replaced 676 00:38:40,120 --> 00:38:43,600 Speaker 1: by someone who was twenty seven years younger. Bloomberg Law 677 00:38:43,960 --> 00:38:48,120 Speaker 1: everything you need, all on one legal research platform, including 678 00:38:48,200 --> 00:38:52,480 Speaker 1: guidance analysis and Bloomberg market Intelligence. Find out more at 679 00:38:52,520 --> 00:38:55,840 Speaker 1: Bloomberg Law dot com. All right, Jeff, thank you. Now 680 00:38:55,880 --> 00:38:59,000 Speaker 1: another legal story we're watching. William Haunt is part of 681 00:38:59,040 --> 00:39:01,560 Speaker 1: the team at the Beck Fund for Religious Liberty, and 682 00:39:01,640 --> 00:39:04,719 Speaker 1: he's part of a group representing Yeshiva University attempting to 683 00:39:04,800 --> 00:39:08,279 Speaker 1: block a state court ruling requiring it to recognize an 684 00:39:08,400 --> 00:39:12,160 Speaker 1: LGBTQ student group. It's the latest clash between gay rights 685 00:39:12,200 --> 00:39:14,520 Speaker 1: and the exercise of free religion to come up to 686 00:39:14,600 --> 00:39:17,640 Speaker 1: the High Court. He spoke with bloomberrys Lydia Wheeler, and 687 00:39:17,760 --> 00:39:20,960 Speaker 1: Kimberly Robinson. The law that the trial court in volk 688 00:39:21,040 --> 00:39:22,960 Speaker 1: is called the New York City Human Rights Law, But 689 00:39:23,080 --> 00:39:27,040 Speaker 1: the laws that the trial court declined to seriously consider 690 00:39:27,160 --> 00:39:30,160 Speaker 1: is the First Amendment to the U. S Constitution. Because 691 00:39:30,200 --> 00:39:32,600 Speaker 1: that's really what's at the core of this case, which 692 00:39:32,680 --> 00:39:35,840 Speaker 1: is about who gets to decide who gets to direct 693 00:39:35,920 --> 00:39:40,080 Speaker 1: the religious mission on Yeshiva's campus, How does Yeshiva, Does 694 00:39:40,160 --> 00:39:42,640 Speaker 1: Yeshiva get to make the decisions about how to form 695 00:39:42,680 --> 00:39:45,600 Speaker 1: the next generation of students on its campus, or does 696 00:39:45,680 --> 00:39:48,439 Speaker 1: the government to get to make those decisions. The trial 697 00:39:48,560 --> 00:39:53,759 Speaker 1: court decided that Yeshiva is insufficiently religious to make those 698 00:39:53,840 --> 00:39:57,239 Speaker 1: decisions and therefore can be forced to violate its tore 699 00:39:57,440 --> 00:40:02,200 Speaker 1: values approve a campus club that senior rabbinical leadership determined 700 00:40:02,600 --> 00:40:05,640 Speaker 1: it couldn't put its seal of approval on consistent with 701 00:40:05,760 --> 00:40:09,160 Speaker 1: its Toura values, and this would open up the door 702 00:40:09,320 --> 00:40:12,920 Speaker 1: to all kinds of crippling litigation against all aspects of 703 00:40:13,040 --> 00:40:16,680 Speaker 1: Yeshiva's religious mission, because not only does it account for 704 00:40:16,800 --> 00:40:20,000 Speaker 1: religion when it's reviewing clubs, there are up to five 705 00:40:20,080 --> 00:40:23,719 Speaker 1: hours of tour study that's mandated by curriculum every single day. 706 00:40:24,200 --> 00:40:29,279 Speaker 1: Their sex segregated housing and schooling that's religiously driven. Elevators 707 00:40:29,320 --> 00:40:32,799 Speaker 1: are rewired on Shabbat to prevent electronic usage. You could 708 00:40:32,800 --> 00:40:36,360 Speaker 1: even have electronics publicly confiscated on campus if you're on 709 00:40:36,440 --> 00:40:40,800 Speaker 1: the Sabbath using them. There's kosher requirements throughout campus. This 710 00:40:40,960 --> 00:40:43,120 Speaker 1: is a deeply religious university and no one in the 711 00:40:43,200 --> 00:40:46,160 Speaker 1: case disputes that. But the trial court just decided that 712 00:40:46,239 --> 00:40:49,880 Speaker 1: Yeshiva isn't religious enough because it also trains people in 713 00:40:49,960 --> 00:40:53,680 Speaker 1: secular degrees. Now, the current Supreme Court um seems to 714 00:40:53,719 --> 00:40:56,719 Speaker 1: be very protective of religious freedom and in particular the 715 00:40:56,880 --> 00:41:00,560 Speaker 1: right of those to freely exercise the religion. You agree 716 00:41:00,640 --> 00:41:03,080 Speaker 1: with that assessment, and if so, how does this petition 717 00:41:03,200 --> 00:41:06,920 Speaker 1: from Yeshiva fit into the Court's religion docket here? Well, 718 00:41:06,920 --> 00:41:09,600 Speaker 1: I think it's a commitment that goes beyond even strictly 719 00:41:09,680 --> 00:41:13,120 Speaker 1: speaking religion cases. The Supreme Court decided in a case 720 00:41:13,200 --> 00:41:16,640 Speaker 1: called Bostock, where it understood Title seven of the Civil 721 00:41:16,760 --> 00:41:20,920 Speaker 1: Rights Act to cover protection for sexual orientation and gender 722 00:41:21,000 --> 00:41:24,040 Speaker 1: identity discrimination. There a majority of the Court said that 723 00:41:24,080 --> 00:41:26,640 Speaker 1: the free exercise of religion lies at the heart of 724 00:41:26,719 --> 00:41:30,920 Speaker 1: a pluralistic society. So this is a why a widely 725 00:41:30,920 --> 00:41:34,640 Speaker 1: acknowledged commitment across the Court. Some of the decisions that 726 00:41:34,719 --> 00:41:39,200 Speaker 1: I mentioned previously, we're NINEO decisions or seven two decisions. 727 00:41:40,120 --> 00:41:43,239 Speaker 1: There is a widespread consensus that at the core of 728 00:41:43,320 --> 00:41:47,239 Speaker 1: our best traditions is one of a religious accommodation and 729 00:41:47,320 --> 00:41:51,239 Speaker 1: a respect for pluralism. And that means that Yeshiva University, 730 00:41:51,640 --> 00:41:55,520 Speaker 1: a school that everyone understands to be deeply pervasively religious, 731 00:41:55,600 --> 00:41:58,480 Speaker 1: including the people that suited, they admit to that, and 732 00:41:58,560 --> 00:42:01,239 Speaker 1: they went there for that reason. UM gets to be 733 00:42:01,680 --> 00:42:04,480 Speaker 1: a religious university in terms of how it forms in 734 00:42:04,560 --> 00:42:07,919 Speaker 1: shape its its campus environment. And that was William Han 735 00:42:08,239 --> 00:42:10,960 Speaker 1: with the Beckett Fund for Religious Liberties being at the 736 00:42:11,000 --> 00:42:14,239 Speaker 1: Bloomberg's Lydia Wheeler and Kimberly Robinson. It's more of that 737 00:42:14,320 --> 00:42:17,360 Speaker 1: interview plus analysis of the latest legal news by subscribing 738 00:42:17,400 --> 00:42:20,120 Speaker 1: to the Bloomberg Law Podcast or downloading the show at 739 00:42:20,160 --> 00:42:24,040 Speaker 1: Bloomberg dot com slash podcast. Attorneys can find exceptional legal 740 00:42:24,080 --> 00:42:27,120 Speaker 1: research and business development tools at Bloomberg Law dot com 741 00:42:27,480 --> 00:42:30,600 Speaker 1: and on the Bloomberg terminal at b law Go. And 742 00:42:30,800 --> 00:42:34,080 Speaker 1: futures this morning are on the rise, with SMP futures 743 00:42:34,160 --> 00:42:37,200 Speaker 1: up almost twenty five points, DAL futures are up a 744 00:42:37,280 --> 00:42:40,800 Speaker 1: hundred seventy eight and NASDACK futures up about ninety and 745 00:42:40,880 --> 00:42:43,520 Speaker 1: the tenure treasury down fifteen thirty seconds. You have three 746 00:42:43,560 --> 00:42:46,520 Speaker 1: point to four percent and our top stories straight ahead. 747 00:42:46,640 --> 00:42:47,799 Speaker 1: This is Bloomberg