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Speaker 1: Live from the Bloomberg Interacted Burger Studios. This is Bloomberg

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Speaker 1: day Break for Friday, July two. Coming up this shour,

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Speaker 1: former Japanese Prime Minister Shinzo Abe has died after being

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Speaker 1: shot at a campaign event. Pressure amounts for Boris Johnson

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Speaker 1: to accelerate his exit from office. Wall Street braces for

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Speaker 1: the June Jobs report, and Twitter shares drop on doubt

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Speaker 1: the elon must takeover? Will ever happen? Former Winels Council

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Speaker 1: Pat Sablonia appears before the January sixth panel, plus another

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Speaker 1: shark attack on Long Island. I'm Michael barn More Ahead.

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Speaker 1: I'm trying to stash and sports the Yankee SIXTI win

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Speaker 1: of the year. They beat the Red Sox in their

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Speaker 1: first game played this year in Boston, an easy win

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Speaker 1: for the Mets. That's all straight ahead on Bloomberg day

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Speaker 1: Break on Bloomberg Eliving Free on New York, Bloomberg one, Washington,

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Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties,

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Speaker 1: San Francisco, Sirius XM one nineteen and around the world

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Speaker 1: on Bloomberg Radio dot Com and via the Bloomberg Business Act.

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Speaker 1: Good morning, I'm Nathan Hagar and I'm Karen Moscow. When

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Speaker 1: US DOT index futures are lower this morning, and we're

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Speaker 1: coming up to six oh one on Wall Street, let

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Speaker 1: me check the markets every fifteen minutes throughout the trading day.

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Speaker 1: On Bloomberg, I guess and P futures down at eleven

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Speaker 1: points down. Future is down fifty three NASDAG futures down

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Speaker 1: about the same that dacks in Germany's up to tens

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Speaker 1: of percent. Ten year treasury up six thirty seconds, YELD

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Speaker 1: two point nine seven percent, and they yield on the

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Speaker 1: two year two point nine Nimex screwde oil is down

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Speaker 1: half percent or fifty five cents at a hundred two

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Speaker 1: dollars eighteen cents of barrel. Comex school down to tens

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Speaker 1: per cent or three dollars ninety cents at seventeen thirty

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Speaker 1: five seventy, announced Nathan Karen. We begin with a violent

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Speaker 1: attack in Japan. Former Prime Minister Shinzo Abe has been

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Speaker 1: assassinated shot during a campaign event. We get more from

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Speaker 1: Bloomberg's Garrett Ready in Tokyo. The reaction from the people

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Speaker 1: here would be I think I would term that a shock.

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Speaker 1: These kind of events are extremely rare for this kind

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Speaker 1: of thing to happen in a country where normally, you know,

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Speaker 1: the politics are quite stayed on, where there really wasn't

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Speaker 1: a lot of interest, and stuff that's going on sometimes

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Speaker 1: absolutely extraordinary, and of course gun crime here is extremely rare.

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Speaker 1: Bloomberg scared ready reports from Tokyo that a forty one

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Speaker 1: year old suspect is under arrest. He told police he

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Speaker 1: wanted to kill Abe because he was frustrated with the

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Speaker 1: former premier. Abe died after being shot from about ten

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Speaker 1: feet away with what appeared to be a homemade firearm.

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Speaker 1: All right, Nathan, Meantime, in the UK, pressure is building

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Speaker 1: on Boris Johnson to relinquish power sooner. His Conservative Party

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Speaker 1: wants to speed up the contest to choose Johnson's successor

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Speaker 1: by the end of the summer. Bloomberg's Lizzie Burden, reporting

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Speaker 1: from Westminster, has more it's a wide open race at

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Speaker 1: the moment. The front runners are driven by those with

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Speaker 1: military experience and credentials, so the Defense Secretary Ben Wallace,

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Speaker 1: the former Defense Secretary Penny more Tons, and also Tom Tooganhart,

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Speaker 1: who has never held a senior cabinet position but has

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Speaker 1: served in the Armed forces. Of course, because of the

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Speaker 1: war in Ukraine, they are taking the spotlight, but we're

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Speaker 1: also in the midst of a cost of living crisis

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Speaker 1: here in the UK, so that lends the limelight to

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Speaker 1: the former Chunsella, Rishi, Sunac and Laberge. Lizzie Burden says

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Speaker 1: Boris Johnson is hoping to stay on for at least

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Speaker 1: three more months. Well. Back here in the US, Karen

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Speaker 1: relations with China are in focus, and today President Biden

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Speaker 1: will hold a meeting to discuss possible reductions in US

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Speaker 1: tariffs on Chinese goods. Amy Morris has details from our

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Speaker 1: Bloomberg newsroom in Washington. Sources tell Bloomberg News that today's

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Speaker 1: meeting revolves around whether to remove some Trump era levies

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Speaker 1: on three hundred billion dollars in Chinese imports. Reducing those

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Speaker 1: tariffs is seen as a potential weapon against inflation. Treasury

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Speaker 1: Secretary Tenant Yellen and Commerce Secretary Gina Ramando have said

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Speaker 1: that it could help, but ending tariffs on Chinese goods

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Speaker 1: won't help Americans, where higher prizes hurt the most food, fuel,

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Speaker 1: and housing. Yellen, Ramando and Trade Representative Care rent I

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Speaker 1: will not attend today's meeting in Washington. I'm any more

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Speaker 1: as Bloomberg Daybreak, All right, Amy, thank you about turning

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Speaker 1: to the economy. Now we are less than two and

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Speaker 1: a half hours away from the June jobs report. Economists

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Speaker 1: a payroll gains will slow after the Fed raised interest rates.

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Speaker 1: We get more from Bloomberg's Michael McKee. The consensus view

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Speaker 1: is FED officials will be pleased by the June jobs report,

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Speaker 1: hiring slowing but still strong, unemployment essentially unchanged, and wage

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Speaker 1: pressures easy. An unfecast result would likely leave Wall Street

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Speaker 1: investors reasonably satisfied as well. The question is what happens

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Speaker 1: if we get an extremely strong or extremely weak report.

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Speaker 1: The central bankers have suggested a strong report won't change

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Speaker 1: their plans for what will likely be another three quarter

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Speaker 1: percentage point increase at the end of the month, but

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Speaker 1: expect volatility of weak numbers lead investors to increased bets

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Speaker 1: on recession. Michael McKee, Bloomberg Daybreak, All right, Mike, thanks

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Speaker 1: so to the FEDS. Most talkish members are coming out

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Speaker 1: to support big rate hikes. Here's Fed Governor Christopher Waller.

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Speaker 1: I'm definitely court of doing another seventy five based point

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Speaker 1: hike in July, probably fifty in September, and then after

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Speaker 1: that we can debate whether to go back down. The

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Speaker 1: FED Governor Christopher Waller made those comments at an event

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Speaker 1: hosted by the National Association for Business Economics St. Louis.

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Speaker 1: FED President Jim Bullard's also calling for a seventy five

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Speaker 1: point rate hike this month. If we don't get the

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Speaker 1: inflation under control, inflation expectations could become unmoored, and if

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Speaker 1: that happened, then you get this long and complicated tangle

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Speaker 1: like we did in the seventies. Both Bullard and Waller

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Speaker 1: are voting members of the Federal Open Market Committee this year. Well,

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Speaker 1: turning the corporate news now, Nathan Shares a Twitter down

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Speaker 1: amost four percent in early training. There's more concerned that

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Speaker 1: Elon Musk's proposed acquisition of the social media company is

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Speaker 1: falling Apart. To get the latest from Bloomberg, Shonali Bossek,

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Speaker 1: who was at this week's tech conference in Sun Valley,

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Speaker 1: Twitter CEO, CFO and board chair are all here at

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Speaker 1: a small meeting of elite investors. Now there's a concern

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Speaker 1: that the deal for Elon must to buy Twitter maybe

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Speaker 1: in jeopardy as he's concerned about bots and has stopped

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Speaker 1: talks with the key potential investor. According to the Washington Post. However,

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Speaker 1: investors at Sun Valley also believed that Elon must maybe

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Speaker 1: looking to renegotiate the deal, especially given that Twitter stock

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Speaker 1: right has fallen so far. I'm Shnali bask in Sun

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Speaker 1: Valley for Bloomberg News and Bloomberg Shnelly bask in Sun

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Speaker 1: Valley says Musk is slated to speak at the conference tomorrow.

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Speaker 1: Are also watching shares of game Stop this morning. They

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Speaker 1: are falling in early trading, down more than seven percent

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Speaker 1: on a key executive departure. Let's get more on that

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Speaker 1: line from Bloomberg. Joinnida Young, Good morning, Grenada, Good morning Nathan.

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Speaker 1: Game Stop fired at CFO Mike Recoopero yesterday. He was

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Speaker 1: one of the several Amazon employees that game Stop had

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Speaker 1: recently hired. It was an effort to shift its focus

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Speaker 1: from physical storefronts to e commerce. But Bloomberg sources say

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Speaker 1: Recoopero was fired because he was not hands on enough

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Speaker 1: and treated game Stop as if it were Amazon. The

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Speaker 1: current chief accounting officer will replace him. The company is

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Speaker 1: attempting to turn around a business that's been hit by

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Speaker 1: shifting gaming demands and a troubled market. Live in New York,

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Speaker 1: I'm Gonnita Young Bloomberg Daybreak. Okay, Rnita, thank you. Straight ahead,

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Speaker 1: we'll bring you your latest local headlines and a check

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Speaker 1: of sports. This is Bloomberg in six o seven on

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Speaker 1: Wall Street, sixty degrees in Central Park and we have

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Speaker 1: an accident on the inbound upper level the George Washington Bridge.

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Speaker 1: Details coming up in traffic. First Michael Barr with what

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Speaker 1: else is going on in New York and around the world. Michael,

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Speaker 1: thank you very much. Nathan to Star Witness appears before

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Speaker 1: the U. S. House Committee today investigating the US capital attack.

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Speaker 1: It will be a private meeting, but it could set

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Speaker 1: the stage for the rest of the investigation. The committee

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Speaker 1: had been leaning on Patspoloney the Trump White House Council

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Speaker 1: to appear for weeks. A Fire Island lifeguard was bitten

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Speaker 1: by a shark on Long Island yesterday, possibly the third

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Speaker 1: such attack the past week. Lifeguard was bitten near his

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Speaker 1: left foot while conducting a training exercise about a hundred

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Speaker 1: fifty yards from the shoreline. He was treated and released.

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Speaker 1: The Biden administration says it's still working to free w

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Speaker 1: NBA star Britney Griner now that she's pleaded guilty to

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Speaker 1: the Russian drug charges against her. Grinder told the Russian

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Speaker 1: court she didn't mean to put a Vade cartridge containing

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Speaker 1: cannabis in her suitcase when she flew to Russia. She

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Speaker 1: could be sentenced to ten years in prison. Wine House

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Speaker 1: Press secretary Karen Jean Pierre says they are still trying

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Speaker 1: to free her. Clearly, we cannot negotiate in public. That

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Speaker 1: is not something that we're going to do, but we

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Speaker 1: are committed to making sure they all get home safely.

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Speaker 1: Press Secretary Karine Jean Pierre also says they're working is

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Speaker 1: hard to free American Paul Wheeland, a man who was

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Speaker 1: convicted of murder in connection with the twenty nineteen shooting

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Speaker 1: death of a New York City police officer, was sentenced

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Speaker 1: to at least thirty years in prison. The Queen's County

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Speaker 1: District Attorney says twenty eight year old Jagger Freeman planned

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Speaker 1: the hold up that resulted and Detective Brian Simonson's death.

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Speaker 1: The second officer was also wounded. Former Minneapolis police officer

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Speaker 1: Derrek Chauvin has learned his fate and a federal plea

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Speaker 1: deal for violating George Floyd's civil rights. Chauvin, already serving

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Speaker 1: a lengthy sentence for killing Floyd in twenty has been

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Speaker 1: sentenced to a little more than twenty years in a

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Speaker 1: federal prison. During sentencing, Chauvin offered no apology. George Floyd's brother, Felonis,

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Speaker 1: spoke outside the courthouse after the hearing. You were bound

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Speaker 1: here to serve a pet because that's your jaw title

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Speaker 1: to server partigue. But I didn't see that that day.

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Speaker 1: All I see was my brother taken away. All I

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Speaker 1: seen with his last breath, All I see with him

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Speaker 1: screaming out to my mom. Felonis Floyd says his brother

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Speaker 1: was murdered by somebody who just didn't have any compassion.

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Speaker 1: Global News twenty four hours a day on air and

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Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred

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Speaker 1: journalists and analysts more than a hundred twenty countries. Michael

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Speaker 1: Barr and this is Bloomberg, Nathan, Thank you, Michael. Almost

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Speaker 1: six ten on Wall Street, time for the Bloomberg Sports

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Speaker 1: Update with John sash all Right, Nathan and the Yankees

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Speaker 1: first game this season in Boston they get their sixty

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Speaker 1: if when did they even use Aaron Judge or Anthony Rizzo,

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Speaker 1: both nursing minor injuries, So that's fifty two home runs

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Speaker 1: are on the bent. But Yank's got a third inning

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Speaker 1: grand slam from Josh Donaldson and Aaron Hicks followed with

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Speaker 1: a solo shot, So that's two guys who have not

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Speaker 1: hit well this season. They both now home in back

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Speaker 1: to back games. Yanks led five, They're nothing later six

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Speaker 1: to two, when they held on to win six five.

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Speaker 1: The Red Sots. Rafie Devers did his part, drove in

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Speaker 1: all five to home runs off Garrett Cole, who Devers owns.

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Speaker 1: He said six off Cole in his career, leaving the

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Speaker 1: Yankee's wondering what he has to do against Devon. It's

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Speaker 1: pretty wild. He's just been able to hit every I mean,

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Speaker 1: missus hasn't been a miss it, you know, like roll

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Speaker 1: over one time, like line out one time. I mean

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Speaker 1: so um, you know it's supposed it's supposed to fail

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Speaker 1: seven out of ten times in this gig. I don't

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Speaker 1: really to deal is cold. Everyone else out got his

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Speaker 1: eighth Winnie Clay Holmes is sixteenth, saving The Yankees are

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Speaker 1: fifteen games ahead. Are the Red Sox. Easy went for

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Speaker 1: the Mets at City Field pen nothing over the Marlins

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Speaker 1: like the Yankees. Production from guys who have struggled. The

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Speaker 1: j D name his Grand Slam Brian mccam three when

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Speaker 1: Homer Trevor Williams came in one in five, but he

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Speaker 1: held seven scoreless inning glad only two hits. Men's Semifinals.

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Speaker 1: Today at Wimbledon, Novak Djokovic takes on the South African

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Speaker 1: Cameron Nori, but the much anticipated match between Rapi on

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Speaker 1: the Dale and the Austine Nick Curios is off. The

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Speaker 1: Dal had to pull out with an injury. The women's

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Speaker 1: final is tomorrow. The Rangers have traded backup goalie Alex

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Speaker 1: Gorgion the Colorado John Stasha Warm Bloomberg Sports Nathan all right, John,

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Speaker 1: thank you right now. SMP futures are down six points,

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Speaker 1: Stown futures down seventeen, Nanstack futures down forty one ahead

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Speaker 1: of the release of the June payrolls reporting a little

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Speaker 1: more than two hours up. Next, the latest on the

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Speaker 1: assassination a former Japanese Prime minister, Shinzo Abe, the legacy

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Speaker 1: he leaves behind Bloomberg's Kreum Moriy joins US next from Japan.

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Speaker 1: This is Bloomberg Bloomberg eleven three oh weather partly the

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Speaker 1: mostly cloudy upper eighties today and he showers and early

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Speaker 1: tomorrow it will turn partly sunny, less humid, low eighties,

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Speaker 1: mostly sunny low eighties for Sunday. Right now sixty nine

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Speaker 1: in Central Park markets, headlines and breaking news twenty four

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Speaker 1: Business at and at Bloomberg Quicktake. She's a Bloomberg Business

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Speaker 1: Flash and I'm Karin Moscow, wasn't. The futures are lower

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Speaker 1: this morning as investors await employment day to engage whether

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Speaker 1: found haven demand and we checked the markets every fifteen

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Speaker 1: minutes throughout the trading day on Bloomberg. Right now is

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Speaker 1: in the futures are down four points down, Futures now

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Speaker 1: little change, and nasdack futures they're still lower, down thirty six.

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Speaker 1: The decks in Germany is up seven tenths of a percent.

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Speaker 1: Also improvement UH there as well. Ten Your treasury up

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Speaker 1: four third day seconds yield two point nine seven percent.

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Speaker 1: The yield on the two year two point nine nine

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Speaker 1: percent nine X screwen oil it'll change at a hundred

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Speaker 1: two dollars sixty five cents a barrel. Comex s goold

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Speaker 1: is done about two tenths per cent, or three dollars

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Speaker 1: ten cents at seventeen thirty six sixty announced the Euro

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Speaker 1: one point one three one against the dollar, British pound

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Speaker 1: one point one at nine h q and again one

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Speaker 1: thirty five point eight six. And looking at bitcoin, it's

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Speaker 1: down three ten percent at twenty one thousand, five forty dollars.

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Speaker 1: That's a Bloomberg business flash. Now here's Michael Barrow with

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Speaker 1: more on what's going on around the world. Michael Karen,

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Speaker 1: thank you very much. As we've been talking about all

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Speaker 1: this morning, former Japanese Prime Minister Zo Abe has died.

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Speaker 1: Abe died in a Japanese hospital after he was shot

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Speaker 1: during a campaign stop today in Nara. The man who

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Speaker 1: attacked Ab has been arrested. Of course, we'll have more

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Speaker 1: on this story throughout the entire morning. Boris Johnson is

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Speaker 1: facing pressure from his own party to accelerate his exit

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Speaker 1: as UK Prime Minister. He announced his resignation yesterday in baseball.

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Speaker 1: The Yankees beat the Red Sox six five, the Mets

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Speaker 1: one along with the Orioles. The Nationals lost along with

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Speaker 1: the Giants. Global News twenty four hours a day on

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Speaker 1: air and on Bloomberg Quick Take, powered by more than

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Speaker 1: twenty hundre journalist analysts more than a hundred twenty countries.

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Speaker 1: Michael Barr and this is Bloomberg inco Alright, Michael, thank

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Speaker 1: you to six nineteen on Wall Street Live from the

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Speaker 1: Bloomberg Interactive Broker's studios. This is Bloomberg Daybreak in Bloomberg's

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Speaker 1: Karom Mori is back with us live this morning from

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Speaker 1: outside the hospital in Nara, Japan, where Prime Minister former

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Speaker 1: Prime Minister Shinzo Abe died of his injuries after being

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Speaker 1: shot at close range at a campaign event with an

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Speaker 1: election just a couple of days away in Japan. Karum,

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Speaker 1: Good morning. This is just staggering news that's reverberating around

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Speaker 1: the world. We're hearing reaction from global leaders. What's the

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Speaker 1: latest that you can tell us from where you are

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Speaker 1: outside that hospital? Good morning, Nathan. Yeah, I'm I'm still

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Speaker 1: on site at not a medical university hospital. I just

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Speaker 1: left the press conference a short while ago where the

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Speaker 1: hospital president and the e R doctor in charge of

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Speaker 1: actually treating Abe, Dr. Kukushima uh spoke to the media.

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Speaker 1: They gave us some details, not all the details, but

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Speaker 1: this is what I can tell you that I heard

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Speaker 1: from them. The doctor who operated Abe said that they

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Speaker 1: were able to stop the major bleeding, but by then

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Speaker 1: it was too much blood was lost by the time

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Speaker 1: they actually arrived at the hospital here, the bullet had

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Speaker 1: pierce Abe's neck and heart in two places. Um. He

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Speaker 1: was declared dead after about three hours of surgery here

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Speaker 1: at this hospital pronounced that at five oh three pm

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Speaker 1: local time. Uh. You know again, we saw first former

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Speaker 1: First Lady ak Abe had arrived to the hospital here

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Speaker 1: a short while before the press conference, but of course

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Speaker 1: a solemn, somber mood. And on this campus, I'm just

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Speaker 1: walking around and seeing Secret Service members just line in

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Speaker 1: the hallway of of presumably where Shinzo Abe is is

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Speaker 1: laying to rest. And you know, this incident is just shocking.

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Speaker 1: It's the assassination setting this huge shock throughout Japan, as

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Speaker 1: you can imagine. Yeah, and I've have to think that

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Speaker 1: there are going to be a lot of questions is

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Speaker 1: still to come about how something like this could happen

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Speaker 1: in a country like Japan, where gun violence is so rare,

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Speaker 1: where it's so difficult to get a weapon. Yeah, that's right, Nathan.

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Speaker 1: You know, Japan's gun laws or ultra strict, not just

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Speaker 1: cond of strict, are extremely strict. They limit so so

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Speaker 1: much the number of guns in circulation. We have an

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Speaker 1: estimated number of guns held by civilians in Japan was

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Speaker 1: just about three hundred ten thousand in twenty nineteen. That's

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Speaker 1: open to five per one people. And to put that

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Speaker 1: into context in the US, it's a hundred twenty per

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Speaker 1: one hundred people. So again, Japan has among the G

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Speaker 1: seven country is the lowest number of guns held by civilians.

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Speaker 1: It's shocking. I mean, that is the word we keep using.

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Speaker 1: The gun though with a handmade gun here and so

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Speaker 1: that is the detail there of the suspected gunmen with

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Speaker 1: mail MS forties, a former j SPF member so Japan's

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Speaker 1: Self Defense Forces member um and again shinzo Abe was

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Speaker 1: carried via ambulance. Apparently he was reportedly conscious at the time,

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Speaker 1: later became unconscious and in cortioc correct by the time

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Speaker 1: he had alleged at this hospital via helicopter, and we

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Speaker 1: know this happened in the middle of a campaign speech.

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Speaker 1: There's an election coming up in Japan in just a

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Speaker 1: couple of days here. What is Shinzo Abe's death going

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Speaker 1: to mean for that? Yeah, absolutely, that's the question we

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Speaker 1: were asking a few hours ago. But Finance Minister Suzuki

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Speaker 1: has come out to say that changing any election plans

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Speaker 1: would mean a lot for democracies. We do not want

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Speaker 1: to lose to violence, and therefore or there should be

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Speaker 1: no change in plans for the upcoming Upper House elections,

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Speaker 1: which are scheduled for this Sunday, just two days away,

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Speaker 1: July tenth, and US residents here in Japan, we've already

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Speaker 1: received the balance in the mail, so it seems like

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Speaker 1: the plans will go ahead. We did see some candidates

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Speaker 1: so shortly after the news of the shooting that they

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Speaker 1: are going to suspend campaigning for the day. So we

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Speaker 1: did see some l v P members come out to

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Speaker 1: say they are halting their campaign activity for today on

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Speaker 1: social media, so, uh course, pending the news. Uh, they

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Speaker 1: were unsure of what the situation was. Now we here, unfortunately,

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Speaker 1: the death has been conversed and the elections will go ahead.

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Speaker 1: Only have about a minute or so left here. Unfortunately,

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Speaker 1: Karum to talk about the legacy that Shinzo Abe leaves behind. Obviously,

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Speaker 1: being the longest serving prime Minister of Japan, this has

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Speaker 1: to leave a very deep hole in Japanese politics, in

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Speaker 1: Japanese policy. Absolutely, I'm a eight history of the longest

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Speaker 1: serving premier in Japan ever since eighteen eighty. Uh he

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Speaker 1: served a total of eight years and eight months as

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Speaker 1: the leader of Japan, and he had he was still

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Speaker 1: very much an icon of the l VP even after

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Speaker 1: he resigned in fee'll remember due to health concerns. Um.

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Speaker 1: But again he you know, he is leaving behind a

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Speaker 1: legacy Albanomics for example, uh In you know, when he

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Speaker 1: came to office for the second time in twelve, he

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Speaker 1: launched this unprecedented effort to revive Japan's flagging economy. Of course,

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Speaker 1: he's the foreign policy hawk. He hoped to end apologies

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Speaker 1: for past and purialism, reinterpreted the country's pasifs constitutions to

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Speaker 1: loosen restrictions on the military, and he still managed to

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Speaker 1: stable relations, for example with neighboring China, smooth you know,

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Speaker 1: relations with the US. UM made friendships with President Alexa

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Speaker 1: Donald Trump in twenty sixteen. So, of course, leaving a

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Speaker 1: lasting legacy comes from a political background with his family

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Speaker 1: um and he is survived by his wife Aki Abe.

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Speaker 1: Now we heard from Secretary of State Anthony Lincoln at

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Speaker 1: the G twenty summit in Bali, Indonesia, calling former Prime

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Speaker 1: Minister Shinzo Abe a leader of great vision. We're going

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Speaker 1: to be monitoring the global reaction, of course, throughout the

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Speaker 1: full investment opportunities. To diversify your portfolio and discover undervalued

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Speaker 1: our Global analyst today at ibk r dot com slash

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Speaker 1: g A. First, we have grim news out of Japan.

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Speaker 1: As you've been reporting, former Japanese Prime Minister Shenzo Abe

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Speaker 1: has been assassinated. He was shot during a campaign event

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Speaker 1: and was pronounced dead at the hospital. Here's current a

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Speaker 1: Japanese Prime Minister Kashida speaking through an interpreter. It is

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Speaker 1: a barbaric act that took place during the election, which

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Speaker 1: is the base of democracy. It is absolutely unforgivable, Japanese

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Speaker 1: Prime Minister Kashida says. A forty one year old suspect

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Speaker 1: has been arrested. The man told police he wanted to

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Speaker 1: kill Abe because he was frustrated with the former premier.

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Speaker 1: Uby died after being shot from about ten feet away

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Speaker 1: with what appeared to be a homemade firearm. Well, meantime,

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Speaker 1: in the UK Karen pressure is building on Prime Minister

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Speaker 1: Boris Johnson to relinquish power. His Conservative Party wants to

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Speaker 1: speed up the contest to choose Johnson's successor by the

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Speaker 1: end of the summer. Bloomberg's Lizzie Burden has more from Westminster.

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Speaker 1: The race is already on candidates already reportedly setting up

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Speaker 1: camps in hotels around here. The Conservative Party wants to

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Speaker 1: whittle it down to two candidates by July twenty one,

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Speaker 1: and then pick one by September. But even that is

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Speaker 1: too long for many to keep Boris Johnson in number

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Speaker 1: Tech Bloomberg's Lizzie Burton says Boris Johnson hopes to stay

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Speaker 1: on for at least three more months. Well, Nathan Mack,

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Speaker 1: you're in the US relations which China are in focus. Today.

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Speaker 1: President Biden meets to discuss possible reductions in US tariffs

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Speaker 1: on Chinese goods. We spoke with National Economic Council Director

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Speaker 1: Brian Deese about the move, and he says there are

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Speaker 1: other options for taking on China. Tariffs are one tool,

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Speaker 1: but we have other tools as well to make sure

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Speaker 1: that we are protecting key sectors of the American economy

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Speaker 1: and that we are holding to account for those brands.

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Speaker 1: Was a guest on Bloomberg Surveillance herd Weekday Mornings on

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Speaker 1: Bloomberg Radio. Well nexs Karen, we hear from the administration

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Speaker 1: once again when we get that June jobs reports that's

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Speaker 1: expected to show a slowdown and hiring. Labor Secretary Marty

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Speaker 1: Walace joins Bloomberg Radio and Television to discuss the report

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Speaker 1: at nine forty Wall Street Time. Well, turning to corporate news, now,

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Speaker 1: there's more talk about Twitter. Shares are down about four

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Speaker 1: percent amid concern elon must proposed acquisition is falling apart,

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Speaker 1: and Bloomberg's we need a Young Joy just live with more.

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Speaker 1: Good Morning Rady down, Good Morning Karen. Elon Musk is

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Speaker 1: still at odds with Twitter over the number of spam

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Speaker 1: bots using the service. He's repeatedly threatened to walk away

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Speaker 1: from his proposed forty four billion dollar deal to take

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Speaker 1: over the social media giant if they cannot confirm that

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Speaker 1: bots make up less than five percent of total users.

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Speaker 1: The Washington Post reports that Musk's team has concluded that

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Speaker 1: Twitter cannot verify the figures. It has stopped engaging in

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Speaker 1: discussions around funding the deal. Live in New York, I'm

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Speaker 1: rened to young Bloomberg Daybreak. All right, we need to

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Speaker 1: thank you. That's the five things you need to notice

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Speaker 1: start your day. Brought to you by Interactive Brokers. I'm

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Speaker 1: looking at futures this morning. We're starting to see some

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Speaker 1: improvement with SMP futures. Now that'll change. Dal Future is

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Speaker 1: higher up sixty one, nowsday Future is still lower down

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Speaker 1: about one straight to hand your latest local headlines plus

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Speaker 1: a check of sports. And this is Bloomberg. Okay, Karen,

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Speaker 1: thank you, six thirty three on Wall Street where at

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Speaker 1: sixty nine degrees in Central Park. We'll see if we're

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Speaker 1: getting any improvement after that accident on the upper level

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Speaker 1: of g w B and traffic. It's coming up in

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Speaker 1: a few minutes. First, Michael Barr has more on what's

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Speaker 1: going on in New York and around the world. Good morning, Michael,

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Speaker 1: Good morning Nathan. There is another shark attack on Long Island,

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00:23:55,600 --> 00:23:58,800
Speaker 1: a fire island. Lifeguard was bidden by a shark yesterday,

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00:23:58,800 --> 00:24:01,359
Speaker 1: possibly the third such tag in the past week. The

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00:24:01,400 --> 00:24:04,639
Speaker 1: lifeguard was bitten near his left foot while conducting a

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00:24:04,680 --> 00:24:07,800
Speaker 1: training exercise about a hundred fifty yards from the shoreline.

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00:24:08,040 --> 00:24:10,920
Speaker 1: He was treated and released. Officials now have issued a

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00:24:10,960 --> 00:24:13,960
Speaker 1: ban on swimming at Ocean Beach until further notice. The

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00:24:14,000 --> 00:24:16,920
Speaker 1: star witness appears today before the U. S. House Committee

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00:24:16,920 --> 00:24:20,040
Speaker 1: investigating the US capital attack. It will be a closed

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00:24:20,080 --> 00:24:23,240
Speaker 1: door deposition between the panel and Pat Cippoloni, the former

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00:24:23,280 --> 00:24:26,960
Speaker 1: Trump White House counsil. The Biden administration says it's committed

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00:24:26,960 --> 00:24:29,240
Speaker 1: to the safe return of w n B A star

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00:24:29,359 --> 00:24:33,480
Speaker 1: Brittney Grinder and Paul Wheeland, who remained captive in Russia. Yesterday,

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00:24:33,480 --> 00:24:37,399
Speaker 1: Grinder pleaded guilty to drug charges in a Moscow area court.

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00:24:37,680 --> 00:24:41,080
Speaker 1: White House Press Secretary Karine Jean Pierre. We've been clear

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00:24:41,200 --> 00:24:43,440
Speaker 1: from day one when it comes to US nationals who

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00:24:43,440 --> 00:24:48,720
Speaker 1: are being held abroad, who are being held wrongfully, detain wrongfully,

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00:24:49,280 --> 00:24:51,280
Speaker 1: who have been held hostage. We are going to do

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00:24:51,359 --> 00:24:54,040
Speaker 1: everything that we can use every means that we have

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00:24:54,200 --> 00:24:57,840
Speaker 1: to bring them home. Press Secretary Jean Pierre says, though

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00:24:57,880 --> 00:25:01,280
Speaker 1: we cannot negotiate in public Attorneys for a white man

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00:25:01,440 --> 00:25:04,760
Speaker 1: charge with killing ten black people at a Buffalo supermarket

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00:25:05,000 --> 00:25:08,639
Speaker 1: were unable to secure a year's delay in a state

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00:25:08,720 --> 00:25:13,400
Speaker 1: prosecution while a federal case against him proceeds. The Buffalo

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00:25:13,480 --> 00:25:17,160
Speaker 1: News reports the federal hate crime charges could potentially carry

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00:25:17,160 --> 00:25:20,560
Speaker 1: a death penalty for Peyton Gendering. His attorneys said their

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00:25:20,560 --> 00:25:24,560
Speaker 1: work in the state case could negatively have effects in

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00:25:24,640 --> 00:25:28,800
Speaker 1: the efforts by Genderan's federal defense attorneys. President Joe Biden

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00:25:28,840 --> 00:25:32,120
Speaker 1: plans to take executive action to protect access to abortion.

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00:25:32,400 --> 00:25:34,800
Speaker 1: The president is expected to push back on efforts to

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00:25:34,920 --> 00:25:39,160
Speaker 1: limit the ability of women to access federally approved abortion medication.

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00:25:39,560 --> 00:25:42,360
Speaker 1: Both the founder and president of the collapse the Arenas

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00:25:42,680 --> 00:25:45,680
Speaker 1: have been found guilty of fraud. Now Bloomberg's and Baxter

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00:25:45,720 --> 00:25:49,600
Speaker 1: reports the conviction of former president Sunny Baldwana follows the

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00:25:49,640 --> 00:25:53,359
Speaker 1: conviction of founder Elizabeth Holmes by six months. Paraos was

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00:25:53,440 --> 00:25:57,560
Speaker 1: a blood testing startup, and the charges were defrauding investors

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00:25:57,600 --> 00:26:00,359
Speaker 1: by using a few drops of blood took played a

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00:26:00,400 --> 00:26:03,840
Speaker 1: wide array of health tests. Bel Wanni's attorney says they

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00:26:03,880 --> 00:26:08,439
Speaker 1: planned to consider all legal options, including the possibility of

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00:26:08,440 --> 00:26:11,760
Speaker 1: an appeal. The pair was a high profile couple during

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00:26:11,800 --> 00:26:13,800
Speaker 1: the build up of the company, and I'll face up

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00:26:13,840 --> 00:26:18,480
Speaker 1: to twenty years in jail in San Francisco. I'm at Baxter.

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00:26:18,520 --> 00:26:21,000
Speaker 1: Bloomberg Daybreak Global News twenty four hours a day on

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00:26:21,080 --> 00:26:23,320
Speaker 1: air and on Bloomberg Quick Take, powered by more than

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00:26:23,640 --> 00:26:26,280
Speaker 1: seven hundred journalists analysts more than a hundred twenty countries.

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00:26:26,280 --> 00:26:34,159
Speaker 1: I'm Michael Barr. This is Bloomberg, Nathan. Thanks Michael. Sixty

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00:26:34,200 --> 00:26:36,640
Speaker 1: six On Wall Street, John stash Hour has the Bloomberg

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00:26:36,680 --> 00:26:39,640
Speaker 1: Sports Update, Franks, Nathan. The Yankees sixty win. It came

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00:26:39,640 --> 00:26:41,359
Speaker 1: in their first game of the year in Boston. They

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00:26:41,400 --> 00:26:43,000
Speaker 1: need the Red Sox six to five. They got back

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00:26:43,040 --> 00:26:45,440
Speaker 1: to back home runs third inning from Josh Donaldson and

480
00:26:45,520 --> 00:26:47,840
Speaker 1: Aaron Hicks, who was a grand slam for Donaldson. Garrett

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00:26:47,840 --> 00:26:51,080
Speaker 1: Cole got the win, got everyone out except Raphael Devers,

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00:26:51,080 --> 00:26:54,439
Speaker 1: who homeward off Cole a last year's playoff game homeward

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00:26:54,480 --> 00:26:56,080
Speaker 1: off and in New York and his first that back

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00:26:56,160 --> 00:26:58,600
Speaker 1: this season two more. Last night. Devers drove in all

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00:26:58,640 --> 00:27:01,399
Speaker 1: five Boston runs. Cole was asked later about trying to

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00:27:01,400 --> 00:27:04,159
Speaker 1: get Devor's out. He said he's opened to suggestions and

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00:27:04,240 --> 00:27:06,439
Speaker 1: that's all over. The Marlins tend nothing solid picture from

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00:27:06,520 --> 00:27:09,560
Speaker 1: Trevor Williams j D. David to the Grand Slam James

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00:27:09,640 --> 00:27:12,920
Speaker 1: McCann three run shot Atlanta lost. Mets lead the Braves

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00:27:12,960 --> 00:27:14,840
Speaker 1: by three and a half. They held the NHL draft.

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00:27:14,840 --> 00:27:18,120
Speaker 1: The Devil's at the second pick took Simon Nimic, defenseman

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00:27:18,200 --> 00:27:21,320
Speaker 1: from Slovakia. Slovaki went one and two. The Rangers did

493
00:27:21,320 --> 00:27:23,440
Speaker 1: not have a first rounder, but added three extra picks

494
00:27:23,440 --> 00:27:27,840
Speaker 1: by trading backup goalie Alex Gorgiev the Stanley Cup champion Colorado.

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00:27:27,880 --> 00:27:30,920
Speaker 1: Avale No that Joguich plays his semifinal match at Wimbledon

496
00:27:30,960 --> 00:27:33,800
Speaker 1: today against Cameron Nori, and the winner then faces the

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00:27:33,840 --> 00:27:37,720
Speaker 1: Ausee Nick Curios in Sunday's final. Curios advanced because of

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00:27:37,880 --> 00:27:41,679
Speaker 1: Raffael on the Dal's abdominal injury. Right, don't want to

499
00:27:41,720 --> 00:27:46,840
Speaker 1: go out there, not be competitive, Ena to play at

500
00:27:46,840 --> 00:27:51,680
Speaker 1: this uh let to play to to achieve my goal

501
00:27:51,760 --> 00:27:56,520
Speaker 1: and with Nick chance to to make the things much worse.

502
00:27:56,520 --> 00:28:00,200
Speaker 1: Wimbledon made the controversial decision to not allow Russians the way.

503
00:28:00,240 --> 00:28:03,800
Speaker 1: Elena Kina born and raised in Moscow but plays now

504
00:28:03,880 --> 00:28:07,359
Speaker 1: for Kazakh Standards. Je Dame Tomorrow's Women's Final against On

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00:28:07,640 --> 00:28:11,680
Speaker 1: Joe Burrow, Tunisia, John Bloomberg Sports Nathan all Right, John,

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00:28:11,680 --> 00:28:13,959
Speaker 1: thanks six thirty seven on Wall Street Time to take

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00:28:14,000 --> 00:28:16,240
Speaker 1: a look at stocks, some of the names moving in

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00:28:16,280 --> 00:28:19,600
Speaker 1: the pre market. Bloomberg Radio and TV Markets correspondent Credy

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00:28:19,600 --> 00:28:22,240
Speaker 1: Gupta is with us on a morning where the headline

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00:28:22,359 --> 00:28:25,879
Speaker 1: is Twitter deal in trouble creedy. It really is, and

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00:28:25,880 --> 00:28:27,960
Speaker 1: you're seeing that show up right in the middle of

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00:28:27,960 --> 00:28:30,680
Speaker 1: Twitter Share TWTR as your taker. Those shares down about

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00:28:30,720 --> 00:28:33,960
Speaker 1: four percent this morning, coming after report that The Washington

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00:28:34,080 --> 00:28:38,320
Speaker 1: Post reported that Elon musk'st billion dollar proposed takeover will

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00:28:38,400 --> 00:28:41,280
Speaker 1: quote in serious jeopardy. We know that this has been

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00:28:41,480 --> 00:28:43,640
Speaker 1: a longstanding issue in terms of how many bots are

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00:28:43,640 --> 00:28:46,080
Speaker 1: actually part of their user base. Twitter has long said

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00:28:46,120 --> 00:28:48,320
Speaker 1: that they estimated about five percent, Elon must saying that

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00:28:48,320 --> 00:28:50,320
Speaker 1: they have doubts. So it's that kind of back and

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00:28:50,360 --> 00:28:53,480
Speaker 1: forth that you see, perhaps uh once again becoming the

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00:28:53,520 --> 00:28:55,800
Speaker 1: issue that's pinned on a lot of suspicions simply about

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00:28:55,800 --> 00:28:58,840
Speaker 1: the financing once again up this deal. Nevertheless, Twitter shares

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00:28:58,840 --> 00:29:01,640
Speaker 1: are down four percent, But it's worth mentioning, Nathan. When

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00:29:01,640 --> 00:29:03,239
Speaker 1: you look at Twitter shares, you also have to look

525
00:29:03,240 --> 00:29:05,920
Speaker 1: at Tesla shares because t s l A. It's only

526
00:29:05,960 --> 00:29:08,000
Speaker 1: down seven tenths of one percent, but there's usually that

527
00:29:08,080 --> 00:29:11,360
Speaker 1: inverse dynamic between the two. The idea being that Ellen

528
00:29:11,480 --> 00:29:15,120
Speaker 1: musk split attention would essentially benefit perhaps Twitter, but not

529
00:29:15,200 --> 00:29:18,239
Speaker 1: benefit Tesla because of that dynamics. It's something to keep

530
00:29:18,280 --> 00:29:20,520
Speaker 1: an eye on. But speaking of some of the deal news,

531
00:29:20,560 --> 00:29:23,280
Speaker 1: let's talk about Accidental here because it's getting once again

532
00:29:23,640 --> 00:29:26,400
Speaker 1: another bid from Warren Buffett. This according to a filing yesterday,

533
00:29:26,400 --> 00:29:28,560
Speaker 1: it looks like he's been buying even more shares. We

534
00:29:28,600 --> 00:29:31,960
Speaker 1: know he's been accumulating a steak in the oil company.

535
00:29:32,000 --> 00:29:34,080
Speaker 1: I believe he's about a fourteen percent steak. Now, remember

536
00:29:34,120 --> 00:29:36,720
Speaker 1: he also helped finance the Anna dark O deal with

537
00:29:36,800 --> 00:29:39,760
Speaker 1: Vicky Hollow when Oxent was buying Anna Darko. So O

538
00:29:40,040 --> 00:29:42,440
Speaker 1: x Y is your taker up about one point one

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00:29:42,480 --> 00:29:45,560
Speaker 1: percent this morning, Nathan, And speaking of back and forth,

540
00:29:45,720 --> 00:29:47,760
Speaker 1: how about what's going on with game Stop over the

541
00:29:47,840 --> 00:29:49,920
Speaker 1: last couple of days. I mean, there's no it's it's

542
00:29:49,920 --> 00:29:52,360
Speaker 1: fascinating because I think I was here literally twenty four

543
00:29:52,400 --> 00:29:54,200
Speaker 1: hours ago, was saying the game Stop just a down

544
00:29:54,240 --> 00:29:57,240
Speaker 1: stay four for one stocks. But the short skyrocketing well

545
00:29:57,280 --> 00:29:59,080
Speaker 1: in the last twenty four hours, so much has changed.

546
00:29:59,120 --> 00:30:03,240
Speaker 1: They fired their FO Mike Rick Kopero. I'm butchering that name,

547
00:30:03,280 --> 00:30:06,840
Speaker 1: but micro Kapiro g m E down about six percent.

548
00:30:07,040 --> 00:30:09,160
Speaker 1: It also, though, announced that it was cutting jobs, some

549
00:30:09,200 --> 00:30:11,680
Speaker 1: widespread layoffs, something to keep an eye on. It's interesting

550
00:30:11,720 --> 00:30:13,720
Speaker 1: now that you're starting to see a lot of these companies,

551
00:30:13,880 --> 00:30:16,360
Speaker 1: specifically in like the retail space and the tech space,

552
00:30:16,640 --> 00:30:20,440
Speaker 1: start to talk about actual firings. And this is interesting

553
00:30:20,440 --> 00:30:23,040
Speaker 1: on a day like today where you do have payrolls

554
00:30:23,040 --> 00:30:24,760
Speaker 1: that are in focus. So definitely keep an eye on that.

555
00:30:24,760 --> 00:30:28,040
Speaker 1: I think GameStop is now really joining the ranks of Tesla,

556
00:30:28,320 --> 00:30:31,080
Speaker 1: Amazon give an Apple in terms of those layoffs. So

557
00:30:31,160 --> 00:30:33,640
Speaker 1: keep an eye on more announcements like that. I'm gonna

558
00:30:33,680 --> 00:30:35,760
Speaker 1: leave you with one more here, Nathan, And of course,

559
00:30:35,840 --> 00:30:38,480
Speaker 1: is Levi strousse l e v I is your tigger

560
00:30:38,720 --> 00:30:41,040
Speaker 1: up about well? It's called five percent This morning, the

561
00:30:41,120 --> 00:30:44,080
Speaker 1: earnings didn't beat their estimates, but analysts saying it highlights

562
00:30:44,120 --> 00:30:46,560
Speaker 1: the strength of the brand and a positive performance for

563
00:30:46,680 --> 00:30:50,480
Speaker 1: retailers in a difficult environment. So Levi strouss really pulling

564
00:30:50,520 --> 00:30:53,120
Speaker 1: ahead of the curve here. And apparently Denham never goes

565
00:30:53,160 --> 00:30:56,240
Speaker 1: out of style. All right, Blomberg Radio, TV Markets correspunded,

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00:30:56,600 --> 00:30:59,080
Speaker 1: Creaty Goopta, thanks as always for being with us. Looking

567
00:30:59,080 --> 00:31:03,120
Speaker 1: ahead to the market open futures. Little change now for

568
00:31:03,280 --> 00:31:06,479
Speaker 1: SMP futures. STA futures are up forty five, Nastack futures

569
00:31:06,480 --> 00:31:09,840
Speaker 1: are down thirty one points as we await those payrolls

570
00:31:09,920 --> 00:31:14,400
Speaker 1: numbers for June in less than two hours time. Send

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00:31:14,400 --> 00:31:18,320
Speaker 1: your treasure yield. By the way, two, this is Bloomberg

572
00:31:22,520 --> 00:31:25,680
Speaker 1: Bloomberg eleven three oh weather clouds and uper eighties today,

573
00:31:25,680 --> 00:31:28,080
Speaker 1: but it will turn partly sunny, less humid for the weekend.

574
00:31:28,200 --> 00:31:32,160
Speaker 1: Low eighties tomorrow and Sunday. Look forward to that right

575
00:31:32,160 --> 00:31:39,040
Speaker 1: now sixty nine in Central Park Markets. Headlines and breaking

576
00:31:39,040 --> 00:31:41,920
Speaker 1: news twenty four hours a day at Bloomberg dot Com,

577
00:31:42,040 --> 00:31:45,600
Speaker 1: the Bloomberg Business apt and at Bloomberg Quick Tape's She's

578
00:31:45,640 --> 00:31:54,760
Speaker 1: a Bloomberg Business Flash and I'm Karen Moscow and SMP

579
00:31:54,960 --> 00:31:59,080
Speaker 1: futures are a little change this morning, while nastack futures fall.

580
00:31:59,200 --> 00:32:01,040
Speaker 1: Let's go to the first were breaking news dance for

581
00:32:01,080 --> 00:32:04,800
Speaker 1: today's morning call. Here's Bill Maloney, Bill, good morning, and

582
00:32:05,000 --> 00:32:07,480
Speaker 1: good morning, care and that's right. US futures are quiet

583
00:32:07,600 --> 00:32:09,840
Speaker 1: right now at doubt futures hire by thirty one points.

584
00:32:09,880 --> 00:32:11,840
Speaker 1: S and p s are down to well NaSTA futures

585
00:32:11,880 --> 00:32:15,120
Speaker 1: decline by thirty six. The US ten year old at

586
00:32:15,120 --> 00:32:18,280
Speaker 1: two point nine nine percent. Gold, oil and bitcoin are

587
00:32:18,320 --> 00:32:21,680
Speaker 1: all trading little change, and Asia markets were quired overnight.

588
00:32:21,760 --> 00:32:25,600
Speaker 1: Note that's Taiwan semi revenue eat estimates. European markets are

589
00:32:25,640 --> 00:32:27,480
Speaker 1: in the green this morning, and back in the US

590
00:32:27,560 --> 00:32:30,200
Speaker 1: on the economic front at a thirty non fond perils

591
00:32:30,280 --> 00:32:32,720
Speaker 1: estimate there two d and sixty eight thousand, and it's

592
00:32:32,720 --> 00:32:36,400
Speaker 1: on o'clock. Post sale inventories. In deal news, Elon Musk's

593
00:32:36,520 --> 00:32:39,920
Speaker 1: takeover of Twitter is in jeopardy with the dispute over bots.

594
00:32:40,000 --> 00:32:43,480
Speaker 1: And another news, Tesla's China shipments soared to a record

595
00:32:43,760 --> 00:32:46,640
Speaker 1: as their plant went back online. Wrapping things up, bung

596
00:32:46,720 --> 00:32:49,240
Speaker 1: You was raised to overweights over ed. J K. Morten

597
00:32:49,760 --> 00:32:53,200
Speaker 1: live from the first breaking news Dostam, Bill Maloney care, right, Bill,

598
00:32:53,240 --> 00:32:55,240
Speaker 1: thank you, and here live breaking news of her Bloomberg

599
00:32:55,280 --> 00:32:58,200
Speaker 1: type squawk on your terminal SCU A w K and

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00:32:58,200 --> 00:33:00,840
Speaker 1: that's a Bloomberg business flash. Now here's Michael Barr with

601
00:33:00,880 --> 00:33:03,719
Speaker 1: more on what's going on around the world. Michael Knaran,

602
00:33:03,760 --> 00:33:06,160
Speaker 1: thank you ver very much. Was we've been talking about

603
00:33:06,160 --> 00:33:09,320
Speaker 1: all this morning. Former Japanese Prime Minister Zo Abe died

604
00:33:09,360 --> 00:33:11,640
Speaker 1: after he was shot during a campaign event in the

605
00:33:11,760 --> 00:33:14,840
Speaker 1: city of Nara. The attacker was arrested. Of course, we'll

606
00:33:14,880 --> 00:33:17,480
Speaker 1: have more of this story throughout the entire morning. The

607
00:33:17,560 --> 00:33:20,520
Speaker 1: candle light vigil was held last night in Highland Park,

608
00:33:20,520 --> 00:33:24,120
Speaker 1: Illinois for the seven victims of Monday's shooting rampage. Funeral

609
00:33:24,200 --> 00:33:27,040
Speaker 1: services for three of them are scheduled today. The I

610
00:33:27,280 --> 00:33:29,480
Speaker 1: r S is taking a closer look at reports the

611
00:33:29,520 --> 00:33:34,880
Speaker 1: agency subjected to former FBI officials to unusual scrutiny. Then

612
00:33:35,000 --> 00:33:38,800
Speaker 1: President Trump repeatedly attacked James Comey and Andrew McCabe over

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00:33:38,960 --> 00:33:42,880
Speaker 1: the FBI's Russia probe that shadowed Trump for years. In baseball,

614
00:33:42,920 --> 00:33:45,560
Speaker 1: the Yankees beat the Red Sox, the met sce Orioles

615
00:33:45,600 --> 00:33:49,440
Speaker 1: won the Nationals, and the Giants lost. Global News twenty

616
00:33:49,480 --> 00:33:52,520
Speaker 1: four hours a day on air and on Bloomberg Quicktake,

617
00:33:52,840 --> 00:33:55,560
Speaker 1: powered by more than twenty seven hundred journalists analyists more

618
00:33:55,560 --> 00:33:58,760
Speaker 1: than a hundred twenty countries. Michael Barr, this is Bloomberg Kern.

619
00:33:59,040 --> 00:34:01,120
Speaker 1: All right, Michael, thank you well at sixty nine on

620
00:34:01,160 --> 00:34:04,160
Speaker 1: Wall Street, and returned to news and science and technology

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00:34:04,200 --> 00:34:06,680
Speaker 1: now with the Bloomberg and j I. T. Stammer Report,

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Speaker 1: brought to you by the New Jersey Institute of Technology

623
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Speaker 1: and j I T. Welcomes its ninth president, Tech Limb,

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Speaker 1: a visionary leader committed to growing and j A T.

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Speaker 1: S partnerships with industry to bolster student opportunities and outcomes.

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Speaker 1: Learn more at n j I T dot e DU.

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Speaker 1: Now Here's what's making news and science, technology, engineering and

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Speaker 1: math and a former gold mine A mile underground inside

629
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Speaker 1: a titanium tank filled with a rare liquefied gas, scientists

630
00:34:33,000 --> 00:34:35,520
Speaker 1: have begun the search for what so far has been

631
00:34:35,680 --> 00:34:39,760
Speaker 1: unfindable dark matter. Scientists are pretty sure the invisible stuff

632
00:34:39,760 --> 00:34:42,200
Speaker 1: makes up most of the universe's mass and say we

633
00:34:42,239 --> 00:34:45,200
Speaker 1: wouldn't be here without it, but they don't know what

634
00:34:45,239 --> 00:34:48,560
Speaker 1: it is. Scientists announced that the five years, sixty million

635
00:34:48,560 --> 00:34:51,200
Speaker 1: dollars search finally got underway two months ago after a

636
00:34:51,200 --> 00:34:54,440
Speaker 1: delay caused by the COVID nineteen pandemic. So far, the

637
00:34:54,480 --> 00:34:59,000
Speaker 1: device has found nothing, at least no dark matter. It

638
00:34:59,120 --> 00:35:01,600
Speaker 1: may come as no surp prize, but a computer related

639
00:35:01,640 --> 00:35:05,280
Speaker 1: profession is the fastest growing occupation among people ages twenty

640
00:35:05,320 --> 00:35:09,080
Speaker 1: five to thirty four and smart assets second annual study

641
00:35:09,120 --> 00:35:12,600
Speaker 1: on the fastest growing jobs for young professionals, Computer hardware

642
00:35:12,640 --> 00:35:16,520
Speaker 1: engineers topped the list. Occupational therapist was second and speech

643
00:35:16,600 --> 00:35:20,200
Speaker 1: language pathologists third. And bitcoin is on course for its

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00:35:20,239 --> 00:35:23,120
Speaker 1: best weekly gain since October last year, helped by a

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00:35:23,200 --> 00:35:26,480
Speaker 1: return of risk appetite and global markets. More broadly, the

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00:35:26,560 --> 00:35:29,360
Speaker 1: largest cryptocurrency is that more than thirteen percent for the

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00:35:29,360 --> 00:35:31,960
Speaker 1: week so far. If the move holes, that would be

648
00:35:32,000 --> 00:35:35,400
Speaker 1: the biggest game for such a span since one And

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Speaker 1: that's the Bloomberg and j Anti Stem report. Nathan Okay, Karen,

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Speaker 1: thank you. We are live from the Bloomberg Interactive Broker

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Speaker 1: Studios where it's coming up to six fifty one on

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00:35:44,120 --> 00:35:46,160
Speaker 1: Wall Street Time Now to check what's going on in

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00:35:46,239 --> 00:35:48,640
Speaker 1: d C. Some of the top stories in our nation's

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00:35:48,680 --> 00:35:52,360
Speaker 1: capital include President Biden to meet with advisors on discussing

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00:35:52,560 --> 00:35:55,600
Speaker 1: cuts to Chinese tariffs, Presidents to sign an order on

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00:35:55,640 --> 00:36:00,040
Speaker 1: abortion access as allies demand more action and Democrats, and

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00:36:00,120 --> 00:36:03,719
Speaker 1: to extend Medicare solvency in a new slim down economic Bill.

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00:36:03,760 --> 00:36:07,600
Speaker 1: We're joined now by Bloomberg government reporter Emily Wilkins. Of course,

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Speaker 1: the main story around the world, reverberating around the world, Emily,

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00:36:11,719 --> 00:36:15,440
Speaker 1: is the assassination of former Japanese Prime Minister Shinzo Abe.

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Speaker 1: Have we gotten any US reaction to this news. We've

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00:36:19,680 --> 00:36:23,560
Speaker 1: gotten reaction from Secretary of State Anthony B. Lincoln. UH.

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00:36:23,600 --> 00:36:28,160
Speaker 1: He mourns Abe as a leader of great vision. Earlier

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Speaker 1: after the news that he had been shot, but before

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00:36:31,520 --> 00:36:34,799
Speaker 1: his passing had been confirmed. UH. B Lincoln said that

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Speaker 1: he was deeply sad and deeply concerned by the shooting

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Speaker 1: and that our our thoughts, our prayers are with him,

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00:36:40,800 --> 00:36:44,239
Speaker 1: his family, and the people of Japan. UM. Certainly this

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Speaker 1: is going to be news that that reverberates throughout the US.

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00:36:47,719 --> 00:36:50,920
Speaker 1: You've also seen statements put out by former President Donald

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Speaker 1: Trump uh noting his relationship UH with with Abe. UM

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00:36:56,120 --> 00:36:58,799
Speaker 1: and we're expecting to hear more on this potentially later

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00:36:58,840 --> 00:37:03,880
Speaker 1: today when President Biden addresses the nation. And we're expecting

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Speaker 1: that the President is going to be a meeting, as

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00:37:06,280 --> 00:37:10,839
Speaker 1: I mentioned, with advisors later today about something he's been

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00:37:10,880 --> 00:37:14,520
Speaker 1: thinking about really for weeks now, whether to cut tariffs

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00:37:14,560 --> 00:37:19,759
Speaker 1: on Chinese goods, something of course that former President Trump impost. Yeah,

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00:37:19,760 --> 00:37:21,840
Speaker 1: Biden has yet to reach a decision on this, but

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00:37:21,880 --> 00:37:25,239
Speaker 1: this is certainly something that he's discussing, that he's looking at.

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00:37:25,520 --> 00:37:28,680
Speaker 1: We've heard, uh, those in his cabinet saying that some

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00:37:28,760 --> 00:37:31,640
Speaker 1: of these tarr productions could potentially bring down the prices

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00:37:31,680 --> 00:37:35,239
Speaker 1: of some items that have gotten higher with inflation. You've

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00:37:35,239 --> 00:37:38,680
Speaker 1: heard Secretary Treasury Secretary Jenny Yellen's the last month that

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00:37:38,760 --> 00:37:42,520
Speaker 1: derret productions could help Americans with the things they are buying,

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00:37:42,880 --> 00:37:47,400
Speaker 1: and Commerce Secretary Gena Romundo has offered similar sentiments. But Nathan,

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00:37:47,520 --> 00:37:50,320
Speaker 1: let's be honest about what can and can't be done here.

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00:37:50,600 --> 00:37:52,560
Speaker 1: I mean, the things that Americans are feeling the most

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00:37:52,640 --> 00:37:56,680
Speaker 1: inflation pressure on our food, it's fuel, it's housing, and

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00:37:56,719 --> 00:37:59,279
Speaker 1: those aren't going to be things that are really impacted

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00:37:59,280 --> 00:38:02,680
Speaker 1: by lifting some of these tariffs. Barclay said that any

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00:38:02,760 --> 00:38:05,640
Speaker 1: rollback of some of these tariffs on Chinese goods would

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00:38:05,640 --> 00:38:08,400
Speaker 1: be a quote drop in the bucket. And so really

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00:38:08,440 --> 00:38:11,719
Speaker 1: a big question here about what if any relief Americans

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00:38:11,719 --> 00:38:14,560
Speaker 1: are actually going to feel should Biden decide to go

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00:38:14,719 --> 00:38:17,319
Speaker 1: and roll back some of these tariffs, and probably what's

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00:38:17,320 --> 00:38:19,960
Speaker 1: been holding the President back on making a decision, Emily

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00:38:20,200 --> 00:38:24,280
Speaker 1: is the political impact, because I mean, the President's promised

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00:38:24,280 --> 00:38:28,480
Speaker 1: to be the most pro union president ever and presumably

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00:38:28,640 --> 00:38:34,440
Speaker 1: tariffs on Chinese goods helped domestic union companies absolutely. And

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00:38:34,440 --> 00:38:37,319
Speaker 1: when you hear Commerce Secretary Gino Romando speak about this,

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00:38:37,680 --> 00:38:41,120
Speaker 1: she did suggest keeping tariffs on steel and aluminum products,

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00:38:41,160 --> 00:38:44,640
Speaker 1: but that is meant to help American workers and American industries,

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00:38:45,000 --> 00:38:47,480
Speaker 1: and certainly at the same point, there's also you know,

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00:38:47,680 --> 00:38:51,160
Speaker 1: larger questions about what this could mean for the workforce,

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00:38:51,280 --> 00:38:54,520
Speaker 1: what this could mean for American manufacturing. You kind of

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00:38:54,520 --> 00:38:57,279
Speaker 1: have the split screen of the White House looking at

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00:38:57,360 --> 00:39:00,120
Speaker 1: lifting some of these tariffs. Well, right down Pennsylvani, the

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00:39:00,200 --> 00:39:03,920
Speaker 1: Avenue Congress is working on legislation that is speaking to

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00:39:04,000 --> 00:39:07,040
Speaker 1: make the US more competitive against China when it comes

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00:39:07,040 --> 00:39:10,200
Speaker 1: to manufacturing and development. As you mentioned, the President is

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00:39:10,239 --> 00:39:13,440
Speaker 1: going to be speaking later today's at an event on

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00:39:13,520 --> 00:39:17,279
Speaker 1: his schedule about protecting abortion access. What more do we

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00:39:17,360 --> 00:39:20,279
Speaker 1: know about that? So we know that Biden is going

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00:39:20,320 --> 00:39:25,040
Speaker 1: to be taking executive action today to protect access to abortion.

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00:39:25,520 --> 00:39:28,120
Speaker 1: This is going to include instructing the Department of Justice

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00:39:28,120 --> 00:39:30,799
Speaker 1: and Health and Human services to really push back on

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00:39:30,840 --> 00:39:33,840
Speaker 1: any efforts that states might have to limit access to

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00:39:33,920 --> 00:39:38,360
Speaker 1: federally approved abortion medication or bands on folks traveling across

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00:39:38,400 --> 00:39:42,759
Speaker 1: state lines to access abortion services. We're also reporting that

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00:39:42,880 --> 00:39:46,880
Speaker 1: Biden is going to direct agencies to educate medical providers

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Speaker 1: and insures about how when they are required to share

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00:39:50,440 --> 00:39:54,560
Speaker 1: patient information with authorities. And also within the realm of

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00:39:54,600 --> 00:39:57,080
Speaker 1: the White House, Vice President Kamala Harris today is going

724
00:39:57,160 --> 00:40:00,359
Speaker 1: to be meeting with Democratic legislatures from states that are

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00:40:00,400 --> 00:40:05,000
Speaker 1: expected to either ban abortion or bolster their current abortion

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00:40:05,080 --> 00:40:08,279
Speaker 1: bands that are in place. Um and this really goes

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00:40:08,280 --> 00:40:11,040
Speaker 1: along with what Vice President Harris has already been doing,

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00:40:11,160 --> 00:40:15,400
Speaker 1: meeting with faith leaders, healthcare providers, constitutional law experts on

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00:40:15,480 --> 00:40:19,719
Speaker 1: the issue of abortion and abortion access, trying to see what,

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00:40:19,840 --> 00:40:23,160
Speaker 1: if anything, the administration can do uh Number one, on

731
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Speaker 1: an issue that's imported to a lot of the Democratic

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00:40:25,600 --> 00:40:28,040
Speaker 1: base as well as an issue that no number of

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Speaker 1: Democrats deal the White House has not been active enough

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Speaker 1: on and responding since the Supreme Court handed down their

735
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Speaker 1: decision overturning Rob Wade. Expecting that an executive order like

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00:40:38,120 --> 00:40:40,719
Speaker 1: this is going to go far enough to mollify some

737
00:40:40,840 --> 00:40:43,520
Speaker 1: of those people who have been putting pressure on the

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Speaker 1: President to do more after the Supreme Court decision. This

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00:40:47,160 --> 00:40:49,279
Speaker 1: will be something that President Biden can point to and

740
00:40:49,360 --> 00:40:51,960
Speaker 1: Democrats can point to as something that they've done. But

741
00:40:52,040 --> 00:40:54,800
Speaker 1: the White House itself admits that this is not nearly

742
00:40:55,040 --> 00:40:58,400
Speaker 1: enough from their perspective that they want Congress to pass

743
00:40:58,480 --> 00:41:01,719
Speaker 1: laws codifying ro versus. Wade. We know of that House

744
00:41:01,719 --> 00:41:04,920
Speaker 1: Speaker Nancy Flosi does plan to bring legislation to the

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00:41:04,960 --> 00:41:09,040
Speaker 1: House floor when Congress comes back next week that will

746
00:41:09,080 --> 00:41:13,400
Speaker 1: deal with abortion and abortion access, also protecting data and

747
00:41:13,520 --> 00:41:16,960
Speaker 1: data privacy for things like reproduction apps on your cell

748
00:41:16,960 --> 00:41:19,920
Speaker 1: phone or Google searches. That might be done. Um, but

749
00:41:20,080 --> 00:41:22,320
Speaker 1: even just at this point, there are not the votes

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00:41:22,440 --> 00:41:25,760
Speaker 1: in Congress right now, uh to codify Row versus Wade,

751
00:41:26,040 --> 00:41:29,080
Speaker 1: And so that really us Democrats in the position where

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00:41:29,080 --> 00:41:31,120
Speaker 1: they're just having to tell voters that they need to

753
00:41:31,120 --> 00:41:33,839
Speaker 1: go to the polls in November. And of course, while

754
00:41:33,920 --> 00:41:36,920
Speaker 1: abortion is an issue on many voters minds, it's it's

755
00:41:37,000 --> 00:41:40,040
Speaker 1: up there too with gas prices, with inflation, with the economy,

756
00:41:40,120 --> 00:41:42,640
Speaker 1: and with a number of other issues. We'll be watching

757
00:41:42,680 --> 00:41:44,719
Speaker 1: for the signing that executive order. In the comments from

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00:41:44,760 --> 00:41:49,320
Speaker 1: President Biden later today Bloomberg Government reporter Emily Wilkins. As always,

759
00:41:49,320 --> 00:41:52,400
Speaker 1: thanks for the update from the nation's capital, and you

760
00:41:52,440 --> 00:41:54,799
Speaker 1: can read more about these stories on Bloomberg dot com

761
00:41:54,920 --> 00:41:57,560
Speaker 1: or on the Bloomberg terminal. And as a reminder, follow

762
00:41:57,600 --> 00:42:02,319
Speaker 1: all the latest on Bloomberg Radio in Washington, Bloomberg and

763
00:42:02,480 --> 00:42:05,200
Speaker 1: one oh five point seven FM h D two. As

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00:42:05,239 --> 00:42:08,200
Speaker 1: we were await the release of the June payrolls report,

765
00:42:08,239 --> 00:42:10,040
Speaker 1: in just about an hour and a half, we're gonna

766
00:42:10,080 --> 00:42:13,120
Speaker 1: be speaking live and get reaction from the Biden administration.

767
00:42:13,239 --> 00:42:17,680
Speaker 1: Labor Secretary Marty Walsh will join us. That's expected just

768
00:42:17,760 --> 00:42:20,240
Speaker 1: about an hour after the release of the payrolls report,

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00:42:20,360 --> 00:42:23,759
Speaker 1: nine forty Wall Street time. Catch that conversation right here

770
00:42:23,800 --> 00:42:28,240
Speaker 1: on Bloomberg Radio. Futures starting to move lower again ahead

771
00:42:28,280 --> 00:42:31,880
Speaker 1: of the payrolls SMP futures down eleven points down, futures

772
00:42:31,880 --> 00:42:35,720
Speaker 1: down thirty seven, NASTAC futures are lower by seventy four points,

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00:42:35,719 --> 00:42:38,200
Speaker 1: and the tenure Treasury yield right now just about two

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00:42:38,239 --> 00:42:43,840
Speaker 1: point nine eight percent. Bloomberg Surveillance is next for Karen Moscow.

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Speaker 1: I'm Nathan Hager, and this is Bloomberg