Speaker 1: By from the Bloomberg Interactive Brooker Studios. This is Bloomberg
Speaker 1: Daybreak for a Friday, August twelve. Coming up this hour.
Speaker 1: Nuclear documents were reportedly at the center of the FBI
Speaker 1: search of Donald Trump's Florida home. Now the former president
Speaker 1: calls for the release of the warrant used in his search.
Speaker 1: Joe Biden is said to be preparing to launch a
Speaker 1: reelection pan and we speak to San Francisco FAG President
Speaker 1: Mary Daily on the Central Banks. Next move, calls resumed
Speaker 1: to get rid of horse drawn carriages in New York City.
Speaker 1: Plus investigators are looking into a man who tried to
Speaker 1: breach in Ohio FBI office. I'm Michael Barr. More ahead,
Speaker 1: I'm John Stashon s Forwards, the Giant One, the preseason
Speaker 1: open right, New England, The Jets, Math and Yankees all
Speaker 1: played tonight. That's all's training ahead on Bloomberg Daybreak on
Speaker 1: Bloomberg eleven three on New York, Bloomberg one, Washington, d C,
Speaker 1: Bloomberg one oh six one, Boston, Bloomberg nine sixties, San Francisco,
Speaker 1: Syrius XM one nine team, and around the world on
Speaker 1: Bloomberg Radio dot Com and via the Bloomberg Business Shop.
Speaker 1: Good Friday morning. I'm Nathan Hagar and I'm Karen Moscow
Speaker 1: and US NOCK index futures are moving higher this morning.
Speaker 1: We are coming up to five oh one on Wall Street,
Speaker 1: and we check the markets every fifteen minutes throughout the
Speaker 1: trading day. On Bloomberg S and P Future is up
Speaker 1: twenty two points and Down futures up a hundred and
Speaker 1: fifty four and nastack futures up seventies six. The ten
Speaker 1: year treasury up five thirty seconds, yield two point eight
Speaker 1: six percent, and they yield on the two year three
Speaker 1: point to zero percent. Nathan, all right, Karen, we'll have
Speaker 1: more on the markets in a minute, but first, we
Speaker 1: are learning more this morning about what the FBI was
Speaker 1: lurking for when it executed a search warrant at the
Speaker 1: Florida home of former President Donald Trump. Amy Morris has
Speaker 1: details from our Bloomberg newsroom in Washington. Reportedly, among the
Speaker 1: items classified documents related to nuclear weapons. The Washington Post
Speaker 1: reports it isn't clear if the information involved weapons belonging
Speaker 1: to the United States or some other nation, and we
Speaker 1: don't know yet if those documents were recovered in the search.
Speaker 1: Attorney General Merritt Garland announced the Department of Justice has
Speaker 1: filed a motion to unseal the search warrant and that
Speaker 1: more information is coming. The Department filed the motion to
Speaker 1: make public the warrant and receipt in light of the
Speaker 1: former president's public confirmation of the search, the surrounding circumstances,
Speaker 1: and the substantial public interest in this matter, and the
Speaker 1: judge immediately ordered d o J to consult with Trump's
Speaker 1: legal team and notify the court within twenty four hours
Speaker 1: about whether they would oppose the request laid last night,
Speaker 1: former President Trump said on social media he agreed that
Speaker 1: the search warrant and the list of items taken should
Speaker 1: be made public in Washington. I'm Amy Moore as Bloomberg Daybreak.
Speaker 1: All right, Amy, thank you. We're getting more reaction to
Speaker 1: Attorney General Garland's request to unseat the warrant. Cardozo's School
Speaker 1: of Law professor Jessica Roth says former President Trump could
Speaker 1: release the documents himself. The former president has confirmed publicly
Speaker 1: that a search was executed on his property um us,
Speaker 1: essentially eliminating one of the primary reasons why search warrants
Speaker 1: remain under still at this juncture, which is to protect
Speaker 1: the privacy of those who were searched. And Cardosa Law
Speaker 1: Professor Jessica Robb is a former federal prosecutor in the
Speaker 1: Southern District of New York. She was a guest on
Speaker 1: Bloomberg Sound On heard weekdays at five pm Eastern on
Speaker 1: Bloomberg Radio. Well, one other major political story we're watching
Speaker 1: this morning, Karen Bloomberg News has learned that President Biden
Speaker 1: is preparing to launch his re election campaign in the
Speaker 1: months after November's mid term elections. Those close to the
Speaker 1: president describe him as upbeat about recent legislative, economic, and
Speaker 1: foreign policy victories. The Pole's show most Democrats would rather
Speaker 1: have a candidate other than Biden. But we also have
Speaker 1: new developments this morning on the battle against the pandemic
Speaker 1: Nathan the CDC is loosening guidance for people exposed to
Speaker 1: COVID nineteen and Bloomberg's Sad Baxter has the story this
Speaker 1: is the latest loosening of CDC policies that says there
Speaker 1: is no longer a recommendation to quarantine after exposure and
Speaker 1: says it more closely aligned with what people are doing anyway.
Speaker 1: It says will benefit school classrooms and the children themselves.
Speaker 1: It does say those people should wear masks indoors while
Speaker 1: monitoring for symptoms, and it also says people with COVID
Speaker 1: symptoms should end isolation on the sixth day or later.
Speaker 1: In San Francisco, I'm at Baxter Bloomberg day break, Okay,
Speaker 1: and thank you. Turning to markets now, Futures are moving
Speaker 1: higher as we close out a trading week that's been
Speaker 1: highlighted by inflation data. Stocks have rallied since they're low
Speaker 1: for mid June. The SMP five hundreds now trading near
Speaker 1: a three month high. JP Morgan Chief Global Strategist David
Speaker 1: Kelly says stocks could rebound to record highs in the
Speaker 1: next few years. Look at what the record high would be.
Speaker 1: Look at the percentage gain you're talking about here. So
Speaker 1: if you need to go up, you know, if it
Speaker 1: takes you a year to do that, that's a great game.
Speaker 1: If it takes you two years to do that with dividends,
Speaker 1: that's still a great If it takes you three years,
Speaker 1: you're still making good money. So only in order to
Speaker 1: be a bull on stocks, all you have to believe
Speaker 1: is that you'll get there within say the next three year.
Speaker 1: JP Morgan's David Kelly says he would be fully invested
Speaker 1: in equities right now. Well, Nathan. Despite the cooler inflation
Speaker 1: ratings we've seen this week, the discussion continues on how
Speaker 1: aggressive the FED will be. San Francisco Fed President Mary
Speaker 1: Daily says she is flexible when it comes to future policy.
Speaker 1: I have a baseline case going into September that is
Speaker 1: fifty basis points. That's where I've been since the last meeting.
Speaker 1: But I have an open mind about whether seventy is
Speaker 1: going to be necessary, and a lot of that will
Speaker 1: depend on the labor market, inflation and whether we start
Speaker 1: to uh, we see those things slow enough to say, wow,
Speaker 1: we've got the momentum need. San Francisco Fed President Mary
Speaker 1: Daily made the comments in an interview with Bloomberg's Kathleen Hayes,
Speaker 1: and catch more of that conversation coming up shortly on
Speaker 1: Bloomberg Daybreak Right. In Corporate News this morning, Karen Apple
Speaker 1: is in focus. We're told the company expects to sustain
Speaker 1: iPhone sales this year even as the market slows. More
Speaker 1: from Bloomberg's Charlie Pellett, Apple is asking suppliers to build
Speaker 1: at least as many of its next generation iPhones this
Speaker 1: year's in one, counting on an affluent clientele and dwindling
Speaker 1: competition to whether a global electronics downturn, sources tell Bloomberg,
Speaker 1: but tech Giant is telling its assemblers to make ninety
Speaker 1: million of its newest devices on par with last year,
Speaker 1: despite deteriorating projections for the smartphone market in New York.
Speaker 1: Charlie Pellett Bloomberg Daybreak, All right, Charlie, thanks well. Shares
Speaker 1: of Alumina around the move this morning. The DNA sequencing
Speaker 1: Giant stock is plunging down fifteen and a half percent
Speaker 1: of the pre market, as Bloomberg's Krisner reports, the company
Speaker 1: cut its full year earnings forecast. Illumina blamed the reduction
Speaker 1: on potential penalties in Europe over its acquisition of cancer
Speaker 1: test provider Grail last month. Of two companies were warned
Speaker 1: of hefty fines after EU regulators said the merger was
Speaker 1: implemented before regulators reviewed the deal. Illumina now says adjusted
Speaker 1: earnings will be in the range of two dollar seventy
Speaker 1: five cents at two nineties share. It's earlier forecast was
Speaker 1: between four dollars and four twenty in New York. I'm
Speaker 1: Doug Chrisoner, Bloomberg Daybreak. Okay, Doug, thanks, SMP Future is
Speaker 1: up twenty two points this morning. Dal Future is up
Speaker 1: one fifty five. Nastack Futures are hired by seventy one
Speaker 1: points straight ahead, your latest local headlines and a check
Speaker 1: of sports. This is Bloomberg and it's now five oh
Speaker 1: seven on Wall Street where it's seventy three degrees in
Speaker 1: Central Park. Still got a little road work southbound Van
Speaker 1: Wick between Liberty Avenue and Linded Boulevard, But so far,
Speaker 1: so good on the Friday morning ride. Michael Barr is
Speaker 1: here with more than what's going on in New York
Speaker 1: and around the world. Good morning, Michael, Good morning Nathan.
Speaker 1: Authorities are investigating the motives of a man armed with
Speaker 1: an a R fifteen style weapon who tried to breach
Speaker 1: the FBI Cincinnati office. He fled and was shot and
Speaker 1: died hours later in a rural standoff with law enforcement.
Speaker 1: Ohio State Highway Patrol spokesman Lieutenant Nathan Dennis. Throughout the
Speaker 1: day today, UM law enforcement officers attempted to negotiate with
Speaker 1: the suspect. State Patrol Lieutenant Nathan Dennis. The FBI is
Speaker 1: warning its agents to take extra precautions in an increase
Speaker 1: in social media threats following Monday search at former President
Speaker 1: Trump's home. Investigators are examining whether the suspect, identified as
Speaker 1: forty two year old Ricky Schiffer, may have had ties
Speaker 1: to far right extremist groups. Activists rallied at City Hall
Speaker 1: to demand New York City banned the use of horse
Speaker 1: drawn carriages. After a horse collapsed in Hell's Kitchen Wednesday evening,
Speaker 1: the NYPD used water hoses to try to cool down
Speaker 1: the fourteen year old horse. Demonstrators support a bill the
Speaker 1: New York City Council is currently considering to replace the
Speaker 1: horses with electric carriages. About two hundred potential jurors for
Speaker 1: the trial of a man charged with killing eight people
Speaker 1: on the New York City bike path and the terror
Speaker 1: attack filled out the questionnaires. Eventually, twelve jurors and six
Speaker 1: altenants will be chosen for the October eleventh trial of
Speaker 1: Side Polosipov in Manhattan Federal Court. Cipov was charged in
Speaker 1: the October seventeen attach after prosecutors say he used a
Speaker 1: truck that hit numerous pedestrians along the West Side Highway.
Speaker 1: UK officials say children under nine years of age could
Speaker 1: be eligible for a booster dose to fight polio soon.
Speaker 1: It comes as officials in Rockland County, New York, are
Speaker 1: investigating the country's first polio case identified in decades, leading
Speaker 1: to some concerns that polio could be coming back to
Speaker 1: the US. Dr Amy Errington, who specializes in global biological
Speaker 1: preparedness in Texas, says that while the best protection against
Speaker 1: polio remains childhood vaccination, Americans can take other precautions to
Speaker 1: lower their risk as well. The key to that is really,
Speaker 1: you know, good hand hygiene, being alert, and surveillance, surveillance
Speaker 1: like we've done and like they've done in New York
Speaker 1: to catch this case, but primarily keeping up with your
Speaker 1: your polio boosters and your your vac seen schedule as
Speaker 1: a child. Doctor Arrington Global News twenty four hours a
Speaker 1: day on the ariand on Bloomberg Quick Take Power about
Speaker 1: more than twenty seven hundred journalist analists more than a
Speaker 1: hundred twenty countries and Michael bar this is Bloomberg, Nathan,
Speaker 1: thank you, Michael. Almost five ten on All Street Time
Speaker 1: for the Bloomberg Sports Update, Good Friday morning, John Stas Show,
Speaker 1: Good Morning, Nathan Football's back Giants and Patriots in New England.
Speaker 1: The game had six lead changes and the Giants on
Speaker 1: a Graham Joe field goal is third of the night
Speaker 1: one twenty one. Daniel Jones played the first quarter six
Speaker 1: of ten sixty nine yards and then replaced by Tyrod Taylor,
Speaker 1: and one thing is served and the Giants are much
Speaker 1: improved at backup quarterback. Giants fans, unfortunately remember the teams
Speaker 1: struggles after Jones's injury last season. Taylor has started over
Speaker 1: fifty NFL games. He was thirteen of twenty one with
Speaker 1: a touchdown of Giants had four hundred eighteen yards of
Speaker 1: offense a hundred and seventy seven on the ground. The
Speaker 1: coach is Brian day Ball. He was asked how it
Speaker 1: went on the sideline. The coaches did a weird job
Speaker 1: and we respected. I think like he had his staff
Speaker 1: really organized. Kafka did a really good job. I think
Speaker 1: he communicated well throughout the game. Again, we're not making
Speaker 1: a ton of adjustments here, and um, you know I was.
Speaker 1: I was pleased with that again, pleased with the substitutions.
Speaker 1: I mean, it's our first step, and I'm pleased with
Speaker 1: the way that compete. A Jets played tonight in Philadelphia.
Speaker 1: Just just added a veteran tackle, Dwyane Brown's, a five
Speaker 1: time pro bowler about to turn thirty seven. Jets just
Speaker 1: lost tackle McKay pecked into a season ending knee and
Speaker 1: drink baseball Dyersville, Iowa a great setting for the field
Speaker 1: of Dreams. Game Covers beat the Red sport of two
Speaker 1: Yankees and Red Sox tonight in Boston. The Sox one
Speaker 1: last night, but they're just thirteen and twenty seven their
Speaker 1: last forty games, and the Yanks are only ten and
Speaker 1: eighteen in their last twenty eight. And with Houston's win yesterday,
Speaker 1: Yankees no longer have the best record in the American League.
Speaker 1: They don't have the best record in New York. That
Speaker 1: belongs with the Red Hot Mets, who hosts the Phillies tonight.
Speaker 1: Extras around the Mounta, the NBA announced the entire league
Speaker 1: will retire the number six one by the late bial Russell.
Speaker 1: Johns Dasha were Bloomberg Sports Okay john thanks SMP futures
Speaker 1: Up twenty two points, Sound Futures Up, wanted Stack Futures
Speaker 1: are highed by seventy three points. This is Bloomberg Bloomberg
Speaker 1: eleven three oh weather clouds give way to sunshine today,
Speaker 1: HIGs in the low eighties, upper sixties tonight, low eighties
Speaker 1: again tomorrow and Sunday. What a weekend coming up right
Speaker 1: now seventy three in Central Park markets, headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot com,
Speaker 1: the Bloomberg Business Outland at Bloomberg Quick takes a Bloomberg
Speaker 1: Business Flash, and I'm Karen Moscow. Stocks in US stock
Speaker 1: index futures around the rise this morning as investors assess
Speaker 1: whether signs of cooling inflation will enable to FED to
Speaker 1: pivot to less aggressive interest rate increases. We checked the
Speaker 1: markets every fifteen minutes throughout the trading day. On Bloomberg.
Speaker 1: SNP futures up twenty two points this morning, DAL futures
Speaker 1: up on eight and nastack futures up seventy six. The
Speaker 1: Dacks in jury Many's up half per cent. They can't
Speaker 1: compare us up three tens percent, and the foot see
Speaker 1: one hundred is up about six tenths of upper set
Speaker 1: ten year Treasury up three Third day seconds held two
Speaker 1: point eight seven percent. They yield on the two year
Speaker 1: three point to zero percent. NIMEX screwed oil is done
Speaker 1: about a tenth of a percent now down twelve cents
Speaker 1: and nine dollars twenty two cents of barrel comex school
Speaker 1: down three tents per cent or five dollars eighty cents
Speaker 1: at eighteen o one forty announced the euro one point
Speaker 1: oh two nine seven against the dollar, British pound one
Speaker 1: zero and the end is one thirty three point three zero.
Speaker 1: And looking at a bitcoin this morning, it's down more
Speaker 1: than one percent at twenty three thousand, nine hundred sixty dollars.
Speaker 1: And today we are looking for reports on the import
Speaker 1: price and next at eight thirty Wall Street Time, and
Speaker 1: we get a look at consumer sentiment at ten. That's
Speaker 1: a Bloomberg business flash. Now here's Michael Barr with more
Speaker 1: on what's going on around the world. Muchael, Good morning,
Speaker 1: Good morning, kar and FBI agents were said to be
Speaker 1: looking for classified documents related to nuclear weapons in the
Speaker 1: search of former President Trump's Mara log. Residents of Washington
Speaker 1: Post reports there were major concerns among government officials that
Speaker 1: the information could fall into the wrong hands. Meanwhile, former
Speaker 1: President Trump says he supports the release of documents related
Speaker 1: to the FBI search. Trump made the announcement on his
Speaker 1: social media site Truth Social following a Justice Department request
Speaker 1: and a Florida court to unseal the documents, and Indiana
Speaker 1: family friends and lawmakers remembered Republican Congresswoman Jackie Wullorsky at
Speaker 1: her funeral yesterday. Llorski was killed along with three other
Speaker 1: people and a head on crash near South Bend. Earlier
Speaker 1: this month, in baseball, the Red Sox beat the Orioles
Speaker 1: for three Globally was twenty four hours a day on
Speaker 1: air and on Bloomberg Quick Take, powered by more than journalists,
Speaker 1: analysts and more than one hundred twenty countries. I'm Michael Barb.
Speaker 1: This is Bloomberg. Nathan. Thanks Michael. We're coming up to
Speaker 1: five twenty on Wall Street Live from the Bloomberg Interactive
Speaker 1: Broker Studios. This is Bloomberg Daybreak. I'm Nathan Hagar. Let's
Speaker 1: take a look at FED policy now, San franc This
Speaker 1: girl FED President Mary Daily says the cooler inflation ratings
Speaker 1: for July are welcoming, but the fight against fast price
Speaker 1: growth is far from over. In an interview, with Bloomberg's
Speaker 1: Kathleen Hayes carry On and Heidi Stroud Watts Daily reiterated
Speaker 1: that her base cases for a half percentage point hike
Speaker 1: at the fed's meeting next month. At the same time,
Speaker 1: she has an open mind about another large increase being necessary.
Speaker 1: Let's listen to that conversation. Now, fifty or seventy five
Speaker 1: isn't the qout pivoting. It's not about ending this rate
Speaker 1: high path. So I'm still kind of curious if you
Speaker 1: just were looking at those numbers, what would you say,
Speaker 1: did they support your baseline? For example, so fifty or
Speaker 1: seventy five, Yeah, I think fifty supports the baseline. Think
Speaker 1: of more ready to be at the end. I mean
Speaker 1: the numbers. We just got the numbers. We scott the numbers.
Speaker 1: We just got to say that we have enough uncertainty
Speaker 1: about the path of inflation. It looks a little bit improvement,
Speaker 1: but we don't want to be head faked, so we
Speaker 1: want to wait for the next report. We have a
Speaker 1: reinflation report and unemployment report coming out before the next meeting.
Speaker 1: Really behooves us to stay daya dependent and not call
Speaker 1: it but for today. With those numbers in hand, I
Speaker 1: still think fifty basis points is the case, but I
Speaker 1: am open to seventy the data of all differently. So
Speaker 1: we've got another inflasion report and other jobs we do.
Speaker 1: Now I want to ask you, I want to I
Speaker 1: want to hit some of the big points first. And
Speaker 1: the other one is there's in terms of recession and
Speaker 1: recession risks, there seems to be frequently a sense in
Speaker 1: markets that, oh, once there's signs of a recession, of
Speaker 1: the risk a rising, the FED will pull back. So
Speaker 1: it is the Fed. Are you willing to let those
Speaker 1: risk materialize if you have to to risk a recession,
Speaker 1: if that's what it's in the end takes to get
Speaker 1: the inflasion right down, well, I'd like to start with this.
Speaker 1: We are a long way from evaluating those risks right now.
Speaker 1: Look at the employment report. The people in the labor market,
Speaker 1: whether they're a firm trying to find a worker or
Speaker 1: workers trying to find a job, do not feel like
Speaker 1: it's a recession right now? Jobs are plentiful. The main
Speaker 1: marker for con sumers about a recession is are they
Speaker 1: finding hard time finding jobs? Is it hard to get
Speaker 1: a job and other incomes falling? You really don't see
Speaker 1: that right now, So I don't see the risks of
Speaker 1: inflation as our pre eminent risk. I see the most
Speaker 1: important risk we face in the economy as inflation is
Speaker 1: too high and has been too high for too long,
Speaker 1: and we need to bring that down. So when I'm
Speaker 1: balancing the risks, I'm really balancing how quickly can we
Speaker 1: bring inflation down without tipping the labor market over. And
Speaker 1: that's why fifty basis points make sense to me. Right now, Mary,
Speaker 1: does the stock market bullish is right now? Is that A?
Speaker 1: Is that challenging to the Federal Reserve? And given that,
Speaker 1: of course I could relax financial conditions, which is not
Speaker 1: what the Fed wants to see at this moment. So
Speaker 1: we look at a broad range of financial conditions, and
Speaker 1: the stock market is simply one of them. I'm also
Speaker 1: looking at mortgage interest rates and borrowing rates for businesses
Speaker 1: and consumers for a variety of things, and I really
Speaker 1: do want those to remain tight and tight and heightening
Speaker 1: as we go, because we don't want financial conditions to relax.
Speaker 1: We want them to remain tight so that we can
Speaker 1: continue to bridle the economy. Some want take the accommodation
Speaker 1: out remember, financial conditions have been so loose in part
Speaker 1: because we were adding a lot of accommodation to get
Speaker 1: us through the pandemic. Now we want to pull that back,
Speaker 1: and we want the economy to slow, bring demand and
Speaker 1: supply back in balance, and deliver a sustainable growth path
Speaker 1: that delivers on price stability and full employment. This is achievable,
Speaker 1: but it takes some time to work its way through. Mary,
Speaker 1: It's not the ideal scenario. But would you ultimately be
Speaker 1: comfortable or okay with triggering a recession, even if it's
Speaker 1: a mild one in order to get over inflation? Well,
Speaker 1: let me just say what What is true is that
Speaker 1: I think about what I want to achieve, what Americans
Speaker 1: really are expecting us to achieve, and that is a
Speaker 1: smoother transition that doesn't require a recession, actually delivers on
Speaker 1: a slower economy that is still giving people the jobs
Speaker 1: they need and the price stability they deserve. That's what
Speaker 1: I'm looking for, and that's what I'm focused on. Quick
Speaker 1: final question, sure, is that in a sense of what
Speaker 1: we've been talking about, then, is why it's so important,
Speaker 1: no matter what the cost, no matter how painflu it is.
Speaker 1: In the short term, it's so important for the Federal
Speaker 1: Reserve to get inflation down. So it is essential we
Speaker 1: get inflation down. It is a commitment we have made
Speaker 1: at the Federal Reserve to bring inflation down. People want jobs,
Speaker 1: but they also want low and stable inflation. We have
Speaker 1: to give them both. And that was San Francisco Fed
Speaker 1: President Mary Daily speaking with Bloomberg's Kathleen Heyes, sherry On
Speaker 1: and Heidi Stroud Watts. You can catch more of that
Speaker 1: conversation online at Bloomberg dot com. S ANDP futures up
Speaker 1: twenty one point. Stou futures are hired by a hundred
Speaker 1: forty eight points. Stanti stack futures on the rise by
Speaker 1: seventy five points. The ten year treasury is up three
Speaker 1: thirty seconds, the yield two point eight seven and the
Speaker 1: yield on the two year right now three point two
Speaker 1: zero percent. You're listening to Bloomberg day Break Bloomberg eleven
Speaker 1: three oh weather. Any showers this morning to give way
Speaker 1: to sunshine and low eighties for highs upper sixties. Tonight
Speaker 1: will be in the low eighties, partly the mostly sunny
Speaker 1: tomorrow and Sunday. Right now seventy three degrees in central Park,
Speaker 1: broadcasting live from the Bloomberg Interactive Broker Studio in New York.
Speaker 1: Bloomberg E Loving Freedom to Washington, d C, Bloomberg to Boston,
Speaker 1: Bloomberg one six one to San Francisco, Bloomberg nine sixty
Speaker 1: to the Country, Sirius XM. Chentle one nine and around
Speaker 1: the globe the Bloomberg Business at and Bloomberg Radio dot Com.
Speaker 1: This is Bloomberg Daybreak. It's five thirty on Wall Street.
Speaker 1: Good morning. I'm Nathan Hager and I'm Kared Mosk. Yeah,
Speaker 1: we are just about four hours away from the open
Speaker 1: of US trading. Let's get you up to date on
Speaker 1: the news. You need to know what this show. Where
Speaker 1: we begin with politics and new details about the FBI
Speaker 1: executing a search warrant at the Florida home of former
Speaker 1: President Trump. According to the Washington Post, classified documents related
Speaker 1: to nuclear weapons were among the items that they were
Speaker 1: searching for. Attorney General Merrick Garland says the Department of
Speaker 1: Justice has filed a motion to unseal the search warrant.
Speaker 1: More information will be made available in the appropriate way
Speaker 1: and at the appropriate time. An Attorney General Garland is
Speaker 1: also defending the integrity of his agents involved in the
Speaker 1: matter and reactions pouring into the Attorney General's short briefing yesterday.
Speaker 1: Karen Cardoza School of Law professor Jessica Roth says it
Speaker 1: makes sense to unseal the warrant in this circumstance. There's
Speaker 1: just an enormous public interest in these events, in part
Speaker 1: because of the former president's statements announcing it and subsequent statements,
Speaker 1: and by the fact that he's the former president of
Speaker 1: the United States. Cardoza Law Professor Jessica Roth made the
Speaker 1: comments on Bloomberg sound On, heard weekdays at five pm
Speaker 1: Eastern on Bloomberg Radio. Well, another political story we're following
Speaker 1: this morning, Nathan, Bloomberg News has learned President Biden is
Speaker 1: preparing to launch his re election campaign in the months
Speaker 1: after November's mid term elections. And we have new developments
Speaker 1: this morning in the battle against COVID nineteen. The CDC
Speaker 1: is no longer recommending quarantine after exposure to the virus.
Speaker 1: It says people with symptoms should end isolation on the
Speaker 1: sixth day or later. Well, the markets now, Nathan, futures
Speaker 1: are higher as we close out a trading week highlighted
Speaker 1: by softer than expected inflation data of Shanna or Ze Sistle,
Speaker 1: founder of ben Ryan Capital Management, says she's still not
Speaker 1: jumping to invest in riskier assets. I'm still not willing
Speaker 1: to dip into some of those areas right now. I
Speaker 1: want to focus on quality companies with good long term
Speaker 1: tail whiz and those names are not necessarily those speculative names.
Speaker 1: And Shanna or Ze Sistle of ben Ryan Capital Management
Speaker 1: says the Fed maybe more hawkish than the market's anticipating,
Speaker 1: and despite this week's CPI and pp I Karen, the
Speaker 1: Fed expects to be aggressive as it looks to cool inflation.
Speaker 1: San Francisco FED President Mary Daily says she's flexible when
Speaker 1: it comes to raising rates at the next FOMC meeting.
Speaker 1: The scale FIFT doesn't just depend on a data point,
Speaker 1: even an important one like the cp I. I'd like
Speaker 1: to say that we're data dependent, not data point dependent.
Speaker 1: San Francisco FED President Mary Daily made the comments on
Speaker 1: Bloomberg TV. Catch more of that conversation shortly here on
Speaker 1: day break, and futures this morning are higher. SNP future
Speaker 1: is up twenty one points to down, futures up a
Speaker 1: hundred forty six NASDAG futures up seventy three try to
Speaker 1: hand your latest local headlines plus a check up sports.
Speaker 1: And this is Bloomberg all right, Karen. Thanks. It's five
Speaker 1: thirty three on Wall Street, seventy three degrees in Central Park.
Speaker 1: We have an accent southbound white Stone Expressway at twenty Avenue.
Speaker 1: We'll get to the details shortly. First, Michael Barr has
Speaker 1: more on what's going on in New York and around
Speaker 1: the world. Michael, thank you very much. Nathan the man
Speaker 1: who led law enforcement officers on the chase after a
Speaker 1: failed attempt to breach the FBI Cincinnati Field office was
Speaker 1: shot after an exchange of gunfire. Ohio State Highway Patrol
Speaker 1: spokesman Lieutenant Nathan Dennis. The suspect was um deceased. He
Speaker 1: succumbed to his injuries at the sea and everything remains
Speaker 1: on investigation at this home. The suspect is identified as
Speaker 1: forty two year old Rickey Schiffer. Demonstrators converged on the
Speaker 1: City Hall yesterday to once again call for the end
Speaker 1: of horse drawn carriages in New York. It comes after
Speaker 1: a horse collapsed in Hell's Kitchen on Wednesday. The un
Speaker 1: Security Council held an emergency meeting to discuss the ongoing
Speaker 1: crisis to Europe's largest nuclear power plant in Ukraine, which
Speaker 1: was reportedly struck by missiles. Both countries now blaming one
Speaker 1: another for the attack on the Russian controlled plant. US
Speaker 1: Under Secretary of State for Arms Control and International Security,
Speaker 1: Ambassador Bonnie Denise Jenkins urged Russia to return control of
Speaker 1: the plan to Ukraine. We once again call on Russia
Speaker 1: to cease all military operations at are Ukraine's nuclear facilities
Speaker 1: and insist that Russia immediately return full control of the
Speaker 1: Zephysa facility to Ukraine. Ambassador Jenkins says Russia alone created
Speaker 1: the risks In Indiana, family friends and lawmakers remembered Republican
Speaker 1: Congresswoman Jackie Relorski at her funeral yesterday. House Minority Leader
Speaker 1: Kevin McCarthy. The praise that she would have from both
Speaker 1: sides is tremendous. Today's world, that's a little difficult. Well
Speaker 1: Orski was killed along with three other people and a
Speaker 1: head on car crash near South Bend earlier this month.
Speaker 1: The spokesperson for Anna Hay says the actor is on
Speaker 1: life support after suffering a brain injury and a fiery
Speaker 1: crash a week ago in Los Angeles and is not
Speaker 1: suspected inspected to survive. Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quicktake, powered by more
Speaker 1: than twenty seven hundred journalists analysts more than a hundred
Speaker 1: twenty countries. Michael Barb, this is Bloomberg tough news there,
Speaker 1: Thank you, Michael five on Wallster. Let's get the Bloomberg
Speaker 1: sports update. Now here's John Sash all right, Nathan Giants
Speaker 1: took the field for the first time in a new coach,
Speaker 1: Brian day Ball in New England, where Dave Ball was
Speaker 1: once an assistant under Bill Belichick, who of course was
Speaker 1: once a Giants assistant. Dave Ball replaced Joe Judge. He's
Speaker 1: now back in New England. His second stint as a
Speaker 1: pass assisted the game at six lead changes the Giants
Speaker 1: one twenty one on the last second Graham Gano field goal.
Speaker 1: Giants had four hundred eighteen yards of offense hundred and
Speaker 1: seventy seven on the ground. But it's only preseason. Jets
Speaker 1: in Philadelphia tonight, with the season ending knee injury to
Speaker 1: tackle on McKay beck to the Jets signed veteran tackle
Speaker 1: Dwyanne Brown, a five time pro bowler while with Seattle
Speaker 1: and used in Tom Brady, has left the Bucks to
Speaker 1: attend to a personal matter. Won't be practicing with Tampa
Speaker 1: Bay all over next week. The Field of Dreams game Dyersville, Iowa.
Speaker 1: The Yankees and White Sox did it last year. It
Speaker 1: was the Cubs and Reds last night, and Joey Vado
Speaker 1: help a little like Kevin COSTI watching the movie. Um,
Speaker 1: you know, it's something my father and I shared and
Speaker 1: is something I would give anything for. You know, I
Speaker 1: wish he was here. I wish at the very end
Speaker 1: of tonight's game, Uh, you know, I could go on
Speaker 1: the field and do something we did from when I
Speaker 1: was eight nine years old, and um, you know it's
Speaker 1: it's it's really eerie how much the movie aligns with
Speaker 1: my life experience. One quarter two, The Yankees just one
Speaker 1: in five on this road trip. Now in Boston, Red
Speaker 1: Ott and Metzo's the Phillies. They just had a seven
Speaker 1: game wins to come from an end. The Phills will
Speaker 1: face The Mets won two ponts Max Churns, which tonight
Speaker 1: Jacob be drawn Tomorrow. Mets have won six in a
Speaker 1: row fifteen the last seventeen. Much like what baseball did
Speaker 1: with Jackie Robinson's number forty two, the entire NBA is
Speaker 1: retiring the number six worn by the late Bill Russell.
Speaker 1: John nash Hower, Bloomberg Sports Natho by the move, Thank
Speaker 1: you John seven on Wall Street Time for Now for
Speaker 1: the Tri State Business Report with Bloomberg z Cory. New
Speaker 1: York Governor Kathy Hocal Thursday green lighted a multibillion dollar
Speaker 1: corporate tax break to draw a ship manufacturers to the state.
Speaker 1: The move is aimed at boosting Albany's competitiveness against others
Speaker 1: buying to build semiconductor plants. Manhattan apartment rents continued their
Speaker 1: upward climb in July, is the hottest market in decades,
Speaker 1: hits its busiest leasing season. The median rent on new
Speaker 1: leases last month was one hundred and fifty dollars. That's
Speaker 1: up two and a half percent from June, percent higher
Speaker 1: than it was a year ago, according to appraiser Miller
Speaker 1: Samuel and brokerage Douglas Element Real Estate. Four hundred Capital Management,
Speaker 1: an alternative credit investment firm, assigned a lease at Brookfield Properties,
Speaker 1: six sixty fifth Avenue in New York. The company is
Speaker 1: more than doubling it's Manhattan office footprint with a new
Speaker 1: lease that adds twenty five thousand, five hundred seventy two
Speaker 1: square feet. That your Bloomberg Trying State Business Report. I'm
Speaker 1: Ed Corey. Thanks at eight on Wall Street. Bloomberg Radio
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Speaker 1: news team for some of the top stories heard on
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Speaker 1: Potas got on and ten wins in New York. We're
Speaker 1: talking about job cuts at warby Parker, as the economy blurs,
Speaker 1: the outlook for fashion eyeglasses. Corney Donaho on kfeban omahawk,
Speaker 1: the price of land for crops jumping in the second
Speaker 1: quarter with demand soaring. I'm Stephen Carol and Bloomberg d
Speaker 1: AB Digital Radio in London. We've been reporting on the
Speaker 1: UK economy contracting in the second quarter, but by last
Speaker 1: and have been expected. Gory on w w J and Detroit.
Speaker 1: I'm reporting an appeals court is upheld of ruling that
Speaker 1: nonst out a racket hearing lawsuit. GM filed against Biat,
Speaker 1: Kreisler and former executive And those are some of the
Speaker 1: stories our twenty seven hundred Bloomberg journalists and analysts are
Speaker 1: working on this morning around the world. It's five thirty
Speaker 1: nine on Wall Street. The following is an editorial from
Speaker 1: Bloomberg Opinion. This editorial was written by the Bloomberg Editorial Board.
Speaker 1: Has former President Donald Trump tried to cling to power
Speaker 1: last year, a number of flaws in the US election
Speaker 1: system became all too clear. Thankfully, one of them may
Speaker 1: soon be fixed. After months of negotiations, a bipartisan group
Speaker 1: of Senators has released a set of reforms to the
Speaker 1: Electoral count Act of eighteen eighty seven. Trump's multi tiered
Speaker 1: plot to stay in power despite losing the election hinged
Speaker 1: on exploiting ambiguities in this law. If passed, the bill
Speaker 1: would go a long way toward preventing a repeat of
Speaker 1: this fiasco, and it would be a significant step toward
Speaker 1: fixing long term problems in America's electoral machinery. This editorial
Speaker 1: was written by the Bloomberg Editorial Board. For more Bloomberg Opinion,
Speaker 1: please go to Bloomberg dot com, Slash Opinion or OPI
Speaker 1: n Go on the Bloomberg terminal. This has been Bloomberg opinion,
Speaker 1: and you can hear Bloomberg opinion editorials every weekday. At
Speaker 1: this time, terminal customers can read more at OPI n Go.
Speaker 1: SMP futures are higher by twenty three points right now.
Speaker 1: Daffew cheers up on sixty eight NASTAC futures on the
Speaker 1: rise by eighty points. The tenure treasury is up one
Speaker 1: thirty second. The yield two point eight eight percent, yield
Speaker 1: on the two year three point two zero percent. The
Speaker 1: latest on the FBI search of former President Trump's home
Speaker 1: in Florida. Bloomberg Government's Emily Wilkins joins us. Next to
Speaker 1: this is Bloomberg Bloomberg eleven three oh weather clouds give
Speaker 1: away to sunshine and highs in the low eighties today,
Speaker 1: up for sixties, clear skies tonight. It will be sunny,
Speaker 1: low eighties all weekend long. Right now seventy three in
Speaker 1: Central Park Markets. Headlines and breaking news twenty four hours
Speaker 1: a day at Bloomberg dot Com, the Bloomberg Business at
Speaker 1: and at Bloomberg quctape. This is a Bloomberg Business Flash,
Speaker 1: and I'm Karen Moscow stocks in US stock index futures
Speaker 1: on the rises morning, investors assessing whether signs of cooling
Speaker 1: and inflation will enable to fit to pivot a less
Speaker 1: aggressive interest rate increases. We checked the markets every fifteen
Speaker 1: minutes throughout the trading day. On Bloomberg Guess and P
Speaker 1: future is up twenty three points down. Futures have one
Speaker 1: D sixty three and NAS day future is up seventy nine.
Speaker 1: The decks in Germany's up seven tenths of upper cent.
Speaker 1: The ten year treasury up to thirty seconds yield two
Speaker 1: point eight eight percent yield on the two year three
Speaker 1: point to one percent. NIMEX crude oil is up three
Speaker 1: tens per cent, or thirty cents and ninety four dollars
Speaker 1: sixty three cents of barrel. Comex school that a quarter
Speaker 1: percent or four dollars ninety cents. At eighteen o two
Speaker 1: thirty announced the euro one point oh three oh five
Speaker 1: against the dollar. British found one point one five zero
Speaker 1: and again one thirty three point four zero. And look
Speaker 1: at a bitcoin, it's down nine tenths of a percent
Speaker 1: at twenty three thousand, nine hundred and ninety nine dollars.
Speaker 1: That's of Bloomberg Business Flash. Now, here's Michael Barr with
Speaker 1: more on what's going on around the world. Michael Karen,
Speaker 1: thank you very much. FBI agents were said to be
Speaker 1: looking for classified documents related to nuclear weapons in the
Speaker 1: search of former Press than A Trump's Mara Lago residents.
Speaker 1: The Washington Post reports there were major concerns among government
Speaker 1: officials that the information could fall into the wrong hands.
Speaker 1: We'll have more than that in a few moments. Meanwhile,
Speaker 1: former President Trump says he supports the release of documents
Speaker 1: related to the FBI search. Trump made the announcement following
Speaker 1: a Justice Department request to unsealed the documents. In baseball,
Speaker 1: the Red Sox beat the Orioles for three Thursday Night
Speaker 1: preseason football. The Giants beat the Patriots twenty three twenty one.
Speaker 1: The Ravens beat the Titans. Global News twenty four hours
Speaker 1: a day on here and on Bloomberg Quicktake, powered by
Speaker 1: more than twenty seven hundred journalists and analysts and more
Speaker 1: than a hundred twenty countries. Now, Michael Laren, this is
Speaker 1: Bloomberg Nathan. Thank you. Michael. Are coming up to five
Speaker 1: forty nine on Wall Street Live from the Bloomberg Interactive
Speaker 1: Brokers Studios. This is Bloomberg Daybreak and has promised we
Speaker 1: do have more on the FBI search of former President
Speaker 1: Donald Trump's mart Lago home. Bloomberg Government reporter Emily Wilkins
Speaker 1: is with us from our nine studios in the nation's capital. Emily,
Speaker 1: good morning. These reports that classified documents related to nuclear
Speaker 1: material are part of the search that the FBI was
Speaker 1: conducting earlier this week. To call it extraordinary this development
Speaker 1: maybe understating it absolutely, Nathan, I mean classified documents related
Speaker 1: to nuclear weapons, that they're one of the highest classified
Speaker 1: types of documents. They have major national security implications. I
Speaker 1: will say that based on the Washington Post reporting and
Speaker 1: as well as Bloomberg's own reporting, there are still a
Speaker 1: lot of unanswered questions about exactly what this information was
Speaker 1: in regard to wasn't in regard to US nuclear weapons?
Speaker 1: Was it regard to other countries nuclear weapons? What exactly
Speaker 1: you know was contained within this documentation? Um, but you know,
Speaker 1: mishandling the classified information, it's a felony charge and this
Speaker 1: is very very sensitive information. UM. Yesterday we saw Attorney
Speaker 1: General Merrick Garland moved to unseal the warrant as well
Speaker 1: as a list of what was taken from Mara Lago.
Speaker 1: Now the question the balls in Trump's court. With Trump's lawyers,
Speaker 1: they also need to agree to unseal that warrant, and
Speaker 1: Trump said last night on his social media treat social
Speaker 1: that he does support on feeling the warrant um. And
Speaker 1: the interesting wrinkle of course here, Nathan, is that Trump
Speaker 1: could actually put out the warrant right now if he
Speaker 1: wanted to, just like he was the one who really
Speaker 1: initially provided a lot of details that the raid had
Speaker 1: taken place in mar Lago. So we'll definitely be keeping
Speaker 1: a very close eye today, do those doesn't does that
Speaker 1: warrant gon unsealed? Do we see the contents of it?
Speaker 1: And then of course what was included? Um clearly with
Speaker 1: Attorney General Garland making a very rare press conference yesterday
Speaker 1: announcing he personally approved the warrant, uh kind of just
Speaker 1: sort of underscores how how big of a deal this is,
Speaker 1: how completely unprecedented this is. Yeah, before we got that
Speaker 1: Washington Post reporting, just the fact that Attorney General Garland
Speaker 1: confirmed that he himself signed off on the warrant sounded
Speaker 1: like it might have been the most extraordinary development we
Speaker 1: would have heard. When are we expecting that we could
Speaker 1: see that search warrant unsealed? As you mentioned, former President
Speaker 1: Trump could do it himself. What's the timeline you're looking
Speaker 1: at here? So we saw reports yesterday that the deadline
Speaker 1: for Trump to make the decision on whether or not
Speaker 1: to unseal needed to come by August um. But the
Speaker 1: judge in the case told the Department of Justice, Hey,
Speaker 1: you need to get with Trump's lawyers within within the
Speaker 1: next twenty four hours and see how they want to
Speaker 1: move forward. So you Trump announced pretty late last night
Speaker 1: that you would be open to unsealing the documents. That
Speaker 1: is obviously pretty early this morning in the US UM.
Speaker 1: So I would be very keeping it. I'm keeping a
Speaker 1: very close eye on it this morning to see what,
Speaker 1: if any action is is going to be taking place.
Speaker 1: And I know you've been speaking with members of Congress
Speaker 1: as well. Republicans have been rallying around the president before
Speaker 1: we learned all this new information in our last minute, Emily,
Speaker 1: what are members of Congress that you're speaking to now
Speaker 1: saying at this point? So it's been a little hard
Speaker 1: to talk with members just because they have not been
Speaker 1: in d C. They will be today and we certainly
Speaker 1: expect to learn more at this point. But initially we
Speaker 1: saw a lot of concerns about, you know, criticizing the
Speaker 1: FBI saying there need to be investigations. We have not
Speaker 1: heard a lot from Republicans since Merrick Garland's presser yesterday
Speaker 1: and since the news broke last night. Again, it's early
Speaker 1: in the US. I would definitely expect that to change
Speaker 1: by the end of today. What are we likely to
Speaker 1: learn if we do get the search warrant released? I mean,
Speaker 1: could there be read actions, could we see that it
Speaker 1: gets as specific as what the Washington Post has been
Speaker 1: reporting that there were, there is the possibility of classified
Speaker 1: documents rising to the level of nuclear weapons. That that's
Speaker 1: a really great question, Nathan, as far as exactly what
Speaker 1: is going to be allowed for the American public to
Speaker 1: see at this point. Um, you know, we know that
Speaker 1: there's the search warrant. We know that there's the list
Speaker 1: of what the FBI took from Mara Lago. Um, we
Speaker 1: know that there's a you know, good potential that we
Speaker 1: could see the probable cause here. You know, why why
Speaker 1: the Justice Department decided that they needed to have the
Speaker 1: search warrant for Mara Lago and needed to do it
Speaker 1: right now. Um, I think there are just a lot
Speaker 1: of questions percolating right now. Obviously this the Washington Most report,
Speaker 1: even though it's kind of scarce on exactly the details.
Speaker 1: I mean, just the fact that it relates to nigular
Speaker 1: weapons is absolutely huge. Yeah, lots more questions still to
Speaker 1: be answered. Thanks for this. Emily will be catching up
Speaker 1: with you throughout the morning here on Bloomberg Daybreak, That
Speaker 1: is Bloomberg Government reporter Emily Wilkins with us this morning
Speaker 1: from the nation's capital. Karen, all right, Nathan, thank you.
Speaker 1: It's final fifty three on Wall Street. Now we go
Speaker 1: to a legal story we're watching this morning, with US
Speaker 1: Attorney General Merrick Garland making this stunning announcement yesterday that
Speaker 1: the Justice Department is asking a federal judge to unstal
Speaker 1: the search warrant executed for former President Donald Trump's and
Speaker 1: Marra Lago residents. Garland's comments were a sharp departure from
Speaker 1: the Department's usual practice of not discussing an ongo investigation,
Speaker 1: and were intended to rebund the assertions by Trump that
Speaker 1: his allies and his allies that the search was politically
Speaker 1: motivated for Maura Bloomberry. Student Grosso speaks to former federal
Speaker 1: prosecutor Robert Mints, a partner at mcarter in English. What
Speaker 1: does it tell you that he was put into the
Speaker 1: position where he felt he had to unseal the search warrant? Well,
Speaker 1: it really tells us that a lot has changed in
Speaker 1: terms of federal law enforcement. I mean, typically if you
Speaker 1: go back years ago, and he really, up until fairly recently,
Speaker 1: the FBI was an agency that was revered by the public.
Speaker 1: The approval rate of the FBI and the Department of
Speaker 1: Justice was typically extremely high. People held them in extremely
Speaker 1: high regard. But there's been so much bashing of the FBI,
Speaker 1: so much criticism of their investigations and some of their conduct,
Speaker 1: that now the Attorney General felt compelled in an unprecedented
Speaker 1: move to defend the FBI and to defend the Department
Speaker 1: of Justice, and to explain to the American public the
Speaker 1: basis for the search war. It, at least on a
Speaker 1: procedural level, we still don't know what the facts were
Speaker 1: that led to it. But he was trying to explain
Speaker 1: to the public exactly how this works and try to
Speaker 1: reassure them that this was all done by the book
Speaker 1: and that there was no outside political influence involved whatsoever. So, Bob,
Speaker 1: I'm wondering. In the motion papers, it says the search
Speaker 1: warrant signed and improved by the court on August fifth,
Speaker 1: including attachments A and B. Could that include the affidavit
Speaker 1: of the FBI agent and what information would that give us? Well,
Speaker 1: I was a question that I had in my mind
Speaker 1: when I listened very carefully to a statement where he
Speaker 1: talked about on stealing the warrant and the property received.
Speaker 1: But the face of the warrant, which is typically provided
Speaker 1: to somebody whose houses search, whose property is search only
Speaker 1: says that the FBI or law enforcement is authorized to
Speaker 1: look for evidence of a violation of certain crimes. And
Speaker 1: it does stay specifically what potential criminal violations are there,
Speaker 1: and that's the basis for the search warrant. It does
Speaker 1: not typically give you the information that was given to
Speaker 1: the federal judge to establish that probable cause. So the
Speaker 1: question is will the entire search warrant application be unsealed
Speaker 1: and be made public. That would include an affidavid from
Speaker 1: an FBI agent that would cite the documents that would
Speaker 1: cite to potentially cooperating witnesses and really explain not only
Speaker 1: what they were looking for, where they were looking for it,
Speaker 1: but also the basis for that search, how they established
Speaker 1: probable cause, and also, and this is really critical, also
Speaker 1: established why they believe that a less intrusive means was
Speaker 1: not available to them, because that's something that has to
Speaker 1: be established in order to get a search warrant precedented
Speaker 1: stpths and as a partner at a carter in English
Speaker 1: speaking at the Bloomberry Student Grosso. Catch more of that interview,
Speaker 1: plus analysis of the latest legal news by subscribing to
Speaker 1: the Bloomberg Law Podcast or downloading this show at Bloomberg
Speaker 1: dot com slash podcasts. Attorneys can find exceptional legal research
Speaker 1: and business development tools at Bloomberg Law dot com and
Speaker 1: on the Bloomberg terminal at b law Go. And futures
Speaker 1: this morning are on the rise, with SMP futures up
Speaker 1: about twenty five points down, futures up one D seventy three,
Speaker 1: and nasdag future is up eighty nine. Ten year treasury
Speaker 1: up to thirties seconds yield two point eight seven percent,
Speaker 1: and they yield on the two year three point to
Speaker 1: zero percent, and nimex screwed. Oil is up two tenths
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Speaker 1: off the business headlines and all the news you need
Speaker 1: to start your day. And this is Bloomberg