Speaker 1: Live from the Bloomberg Interactive Burger Studios. This is Bloomberg
Speaker 1: day Break for Friday, October seven two. Coming up this hour,
Speaker 1: we await US jobs data as stocks try to avoid
Speaker 1: a three day slide. FED officials overwhelmingly pushed back against
Speaker 1: the idea of cutting rates next year. The trial between
Speaker 1: Elon Musk and Twitter gets delayed and helps the deal
Speaker 1: will close. An oil poise for a big weekly rally
Speaker 1: after Opex announced cutting. Judges ruling is a blow to
Speaker 1: New York State's new gun law. Plus an n y
Speaker 1: p D cruiser crashes onto a sidewalk injuring ten people
Speaker 1: by Michael barn More ahead, I'm down Station where the
Speaker 1: Colts beat the Broncos it over time. The medicine Padres
Speaker 1: begin their wild Card playoff series tonight at City Field.
Speaker 1: That's all s trendy head on Bloomberg day Break on
Speaker 1: Bloomberg eleven three on New York, Bloomberg nine one, Washington
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties,
Speaker 1: San Francisco, Sirius x M one nineteen and around the
Speaker 1: world on Bloomberg Radio dot Com and via the Bloombird
Speaker 1: Business app Good morning. I'm Nathan Hagar and I'm Karen
Speaker 1: Moscow and US Dock Index futures are lower this morning.
Speaker 1: We're coming up to five oh one on Wall Street,
Speaker 1: and we checked the markets every fifteen minutes throughout the
Speaker 1: trading day. On bloomberg S and P futures are down
Speaker 1: about six points. Own futures are little change. Nowsday future
Speaker 1: is down forty four. In the ten year treasury down
Speaker 1: to thirty seconds. He had three point eight three for
Speaker 1: sent Nathan Karen. Let's begin this morning with talk from
Speaker 1: the FED. Central bankers are coming out in full force
Speaker 1: to talk down expectations of a turn to more devilish policy.
Speaker 1: We heard hawkish comments from no less than five officials yesterday,
Speaker 1: including Minneapolis Fed President Neil cash Carry. Until I see
Speaker 1: some evidence that underlying inflation has solidly peaked and there's
Speaker 1: hopefully headed back down, I'm not ready to declare pause.
Speaker 1: Minneapolis Fed President Neil cash Cary said he expects losses
Speaker 1: and failures around the global economy as we transition to
Speaker 1: a higher interest rate environment. Likewise, Fed Governor Christopher Waller
Speaker 1: says he sees no signs of a FED pivot either.
Speaker 1: This or next year. I anticipate additional rate hikes into
Speaker 1: early next year, and I'll be watching the data carefully
Speaker 1: to decide the appropriate pace of tightening as we continue
Speaker 1: to move into more and more restrictive territory. FED Governor
Speaker 1: Christopher Waller emphasized the need to fight inflation, and we
Speaker 1: heard similar remarks yesterday from Cleveland FED Chief Or at Amester,
Speaker 1: FED Governor Lisa Cook, and Chicago's Charles Evans. Well, let's
Speaker 1: take a look at the markets now, nathan Us dot
Speaker 1: Indix futures are mostly lower in that hawk ish FED
Speaker 1: talk in some weak earning sham chipmakers are hitting sentiment.
Speaker 1: Jessica Biemers, portfolio manager with Easterly Investment Partners. I think
Speaker 1: we all have to understand that, um, we're only going
Speaker 1: to get early hints of the FED full impact. A
Speaker 1: lot of the efforts that they put out there obviously
Speaker 1: huge increatures in the interest rate, but that takes time
Speaker 1: to work its way through the economy and certainly on
Speaker 1: the jobs numbers that we're going to see. Jessica b
Speaker 1: with Easterly Investment Partner says FED policy could start hitting
Speaker 1: earnings in the coming months. That job's report is the
Speaker 1: key event on the agenda today, Karen, we get the
Speaker 1: employment figures for September at eight thirty am Wall Street Time.
Speaker 1: Here with a preview is Bloomberg Economics correspondent Michael McKee.
Speaker 1: Employment is one of the Fed's two mandates, and this
Speaker 1: job's report will be one of the key numbers as
Speaker 1: policymakers decide on a rate hike next month. What they'd
Speaker 1: like to see is job growth in the neighborhood of
Speaker 1: the Bloomberg Consensus, which would suggest the economy is slowing
Speaker 1: but not crashing. Unemployment is also key. No change is expected,
Speaker 1: but historically a jump in the jobless is a sign
Speaker 1: of recession ahead. Stronger job creation or lower unemployment would
Speaker 1: suggest the Fed will push interest rates higher for longer,
Speaker 1: disappointing investors. A consensus like report would turn attention to
Speaker 1: next week's consumer price index, a final decision point for
Speaker 1: the Fed. Michael McKey Bloomberg Daybreak, All right, Mike, thank you.
Speaker 1: Sick with us all morning for live coverage of the
Speaker 1: September jobs report, plus a conversation with Marty Walsh. We
Speaker 1: speak with the US Labor Secretary. Coming up in the
Speaker 1: nine am hour on Bloomberg Radio and Television. We'll turning
Speaker 1: to oil now, Nathan. We're seeing crewde head for its
Speaker 1: biggest weekly game since March. After sliding on concerns over
Speaker 1: a global slowdown, oil has rallied since Opek announced plans
Speaker 1: for a large production cut and checking prices now nine
Speaker 1: x screwed oil is up half per cent, is at
Speaker 1: eighty eight dollars ninety three cents. Of Barrel brand is
Speaker 1: up about the same at ninety four dollars nine cents. Now,
Speaker 1: let's get the latest on Elon Musk and Twitter, Karen,
Speaker 1: there is uncertainty creeping into Musk's plans to buy the
Speaker 1: company afterward his offers contingent on thirteen billion dollars in
Speaker 1: debt financing, Bloomberg said. Ludlow has more. The concern is
Speaker 1: that Musque has this twelve point five billion dollars of
Speaker 1: debt split between a six point five billions dollar alone,
Speaker 1: three billion of un secured, three billion of secured bonds.
Speaker 1: There's also revolving credit line in their times have changed
Speaker 1: since that deal in that package was agreed in April,
Speaker 1: and so I guess the concern in the background is
Speaker 1: the viability of that debt. Bloomberg's Had Ludlow reports to
Speaker 1: judges halting the court case to allow the deal to close.
Speaker 1: He says that the transaction isn't done by five pm October,
Speaker 1: new trial dates will be set for November. Shares of
Speaker 1: Twitter rose in late trading yesterday. Right now they are
Speaker 1: little changed. I'll see hum incorporate news, Nathan. We're seeing
Speaker 1: possible signs of a bigger downturn intech. Shipmakers are warning
Speaker 1: of slowing demand. Samsung and a MD reported earnings within
Speaker 1: hours of each other that widely missed estimates. The numbers
Speaker 1: come after Micron Technology slash spending and output in hopes
Speaker 1: of stabilizing plunging prices, and Amazon's abandoning its home delivery robot.
Speaker 1: It just the latest cut to the company's experimental projects.
Speaker 1: Bloomberg's Charlie Pellett has more on that story. It is
Speaker 1: the latest sign that the e commerce giant is starting
Speaker 1: to wind down experimental projects amidst slowing sales growth. According
Speaker 1: to a source, work on Scout, an autonomous machine launched
Speaker 1: about three years ago, has already been halted. An Amazon
Speaker 1: spokesperson said the Scout team was being disbanded and would
Speaker 1: be offered new jobs in the organization. A source says
Speaker 1: about four hundred people were working on the project globally
Speaker 1: in New York, Charlie Pelt Bloomberg Daybreak, All right, Charlie,
Speaker 1: thank you, let's talk politics now. In the conflict in Ukraine,
Speaker 1: President Biden weighing in on the war at a fundraiser
Speaker 1: in New York, expressing concern of our Vladimir Putin's threats
Speaker 1: to use nuclear weapons. Biden called the threats real and
Speaker 1: says the US is trying to find an off ramp
Speaker 1: for Putin. Biden warrant it if Putin deployed nuclear weapons,
Speaker 1: it could lead to armageddon. At the same time, caring
Speaker 1: the president's making announcements back here at home, he announced
Speaker 1: the pardon for any American convicted of simple marijuana possession
Speaker 1: under the law. Too many lives have been upended because
Speaker 1: of our failed approach to marijuana. It's time that we
Speaker 1: right these wrongs. President Biden's all surging governors to issue
Speaker 1: similar partis for state offenses involving marijuana. And we are
Speaker 1: just getting word that a lesbia Latsky of Belarus, known
Speaker 1: for his work in civil rights, is the winner of
Speaker 1: the Nobel Peace Prize again at just crossing the Bloomberg
Speaker 1: SMP futures are now little change, so are Dow futures,
Speaker 1: while Nousdack futures are moving low. Were this morning down
Speaker 1: about thirty three points. Ten year treasury down to thirty seconds.
Speaker 1: You had three point eight three percent and a yield
Speaker 1: on the two year four point to five percent, and
Speaker 1: I make screwed oil again up about half percent. Traight
Speaker 1: ahead your latest local headlines plus a check of sports.
Speaker 1: And this is Bloomberg the deparent. It's five oh seven
Speaker 1: on Wall Street where at sixty one degrees in Central Park,
Speaker 1: starting out with delays on path of signal issues between
Speaker 1: Journal Square through thirty third Street. Details coming up in traffic.
Speaker 1: First Michael Barr with what else is going on in
Speaker 1: New York and around the world. Good morning, Michael, Good morning, Nathan.
Speaker 1: Authorities in New York City say ten people were injured,
Speaker 1: including two young children and win a police cruiser collided
Speaker 1: with another vehicle and crashed onto a sidewalk. It happened
Speaker 1: yesterday afternoon in the Bronx at Westchester and the Whole Avenues.
Speaker 1: NYPD Chief of Patrol Jeffrey Madrey said The patrol car
Speaker 1: was responding to a call and trying to get around
Speaker 1: a vehicle at an inter side should when the crash happened.
Speaker 1: The officers crossed over the double yellow line to go
Speaker 1: around the vehicle, but the vehicle made a left hand term,
Speaker 1: at which point the department vehicle and a civilian vehicle
Speaker 1: they clicked each other. Police say there are no major injuries.
Speaker 1: Officials in New York are looking at their next options
Speaker 1: after a federal judge struck down the state's new law
Speaker 1: banning guns in certain public areas. The law was created
Speaker 1: in response to a Supreme Court ruling striking down another
Speaker 1: New York law that restricted who could own a gun. Now,
Speaker 1: officials are concerned about guns being carried into crowded areas
Speaker 1: like Times Square. The judge issued a three days stay
Speaker 1: on his own order, allowing the state to appeal it
Speaker 1: in Governor HOCl vows to do just that. An extremist
Speaker 1: group leader is now the first plead guilty to seditious
Speaker 1: conspiracy in the January six attack. The senior member of
Speaker 1: the Proud Boys admitted to planning of island assault on
Speaker 1: the Capitol days before the January six insurrection. Jeremy Bertino
Speaker 1: has agreed to cooperate with federal investigators. Gruesome crime on
Speaker 1: the Las Vegas Strip, where police say eight people were stabbed.
Speaker 1: At least two of the victims died. Las Vegas Metropolitan
Speaker 1: and Police Deputy Chief James la Rochelle said the string
Speaker 1: of attacks began with an apparently unprovoked attack. That stabbing
Speaker 1: occurs quickly and in A suspect subsequently goes a self
Speaker 1: bound on the sidewalk area and status additional victims UH.
Speaker 1: Five victims there and um uh and there was an
Speaker 1: additional victim on the south side of Sands. Also, Deputy
Speaker 1: Chief Labrochelle says a suspect is in custody. Grieving relatives
Speaker 1: are placing flowers at a day care center in rural
Speaker 1: northeastern Thailand. A day earlier, a fired police officer killed
Speaker 1: thirty six people, including children. Several media outlets are reporting
Speaker 1: the FBI has gathered what it believes is enough evidence
Speaker 1: to support charging President Biden's son Hunter with crimes related
Speaker 1: to his taxes and a gun purchase. Global Need was
Speaker 1: twenty four hours a day on a rand on Bloomberg Quicktake,
Speaker 1: powered by more than the seven hundred journalists and analyst
Speaker 1: world than a hundred twenty countries. Michael bar this is Bloomberg, Nathin.
Speaker 1: Thank you, Michael. Almost five ten on Wall Street time
Speaker 1: for the Bloomberg Sports Updated. Morney Johns, Good morning, Nathan.
Speaker 1: It's the game the Mets did not want to play.
Speaker 1: Did I think they were gonna have to play for
Speaker 1: most of the season, but they finished tied for first
Speaker 1: with Atlanta, who won the season series ten to nine.
Speaker 1: That's the Braves sitting home today and the Mets getting
Speaker 1: ready to play Game one of the best of three
Speaker 1: wild Card series at Citi Field with San Diego and
Speaker 1: Max sers Or will be on the mound for the Mets.
Speaker 1: You're just anxious to get out there. You're anxious to
Speaker 1: go out there and compete. Uh, you know everything's online,
Speaker 1: win or go home. Um, you know that's the i
Speaker 1: C you have to have. You have to win. I mean,
Speaker 1: you get in the postseason and every day feels like
Speaker 1: a must win that you know, must win the game. Um,
Speaker 1: whether it's an elimination game or not. He always show
Speaker 1: up the part like we got to win today. Hugh
Speaker 1: Darvish starts to the Padres, who won the season series
Speaker 1: with the Mets spoor to two. The game tonight comes
Speaker 1: after three day games starting with Sam the Bay at Cleveland.
Speaker 1: Whether that series then faces the Yankees, the Phillies playing St.
Speaker 1: Louis c Attle. Seattle is in Toronto, NFL, and Denver
Speaker 1: went to overtime. There were twelve Mounts, ten sacks, four
Speaker 1: interceptions and no touchdowns. Indianapolis came four field goals. The
Speaker 1: Broncos had three Indie one twelve to nine to get
Speaker 1: at second one of the year. Denver drops to two
Speaker 1: and three. Russell Wilson has struggled as his new team
Speaker 1: landed Collins back with his old time team. Three time
Speaker 1: Pro Bowl safety while with the Giants, he then signed
Speaker 1: as a free agent with Washington. He was unsigned and
Speaker 1: though Collins won't play Sunday, he did fly with his
Speaker 1: new teammates to London for Sunday's game of Green Bay.
Speaker 1: So in preseason last night, the Islanders beat the Devil's
Speaker 1: five to two. NHL season begins next Tuesday, and at Barkley's,
Speaker 1: the Net's blown out by the Heat Miami one by
Speaker 1: twenty nine. Johns Dashward bloom Brook Sports Nick thank you,
Speaker 1: John right now SMP futures are down one point down.
Speaker 1: Futures are higher by thirty four points. Dan Stack futures
Speaker 1: on the decline, down twenty nine points, about a quarter
Speaker 1: of one percent. Ahead of September jobs will preview the
Speaker 1: payroll data with Jennifer Lee of bemo Next Bloomberg eleven
Speaker 1: three oh weather sunshine pleasant today with behind your seventy
Speaker 1: five degrees. It's gonna be cooler this weekend though. Tomorrow's
Speaker 1: high near sixty, low sixties and sunny for Sunday currently
Speaker 1: sixty one in Central Park Markets. Headlines and breaking news
Speaker 1: twenty four hours a day at Bloomberg dot Com, The
Speaker 1: Bloomberg Business at and at Bloomberg Quick Take, This is
Speaker 1: a Bloomberg business clash and I'm Karen Moscow. US dot
Speaker 1: Index futures are little change this morning ahead of the
Speaker 1: latest paved hours report, and investors will be looking for
Speaker 1: clues on the path of monetary policy. European stocks also
Speaker 1: a little change this morning, well now a little change
Speaker 1: to higher and we checked the markets every fifteen minutes
Speaker 1: throughout the trading day on Bloomberg s andp futures little
Speaker 1: change down. Futures of forty two and NAS day future
Speaker 1: is down twenty four the decks in Germany's up a
Speaker 1: tenth of a percent. Ten year treasury down to thirty seconds.
Speaker 1: He'll three point three percent. They yield on the two
Speaker 1: year four point to five percent. Ni Max Screwed oil
Speaker 1: is up six ten percent or fifty one cents at
Speaker 1: eighty eight dollars ninety nine cents a barrel. Comics schooled
Speaker 1: the tenth of a percent of a dollar eighty at
Speaker 1: seventeen twenty two sixty announce the euro point nine eight
Speaker 1: o two against the dollar British found one point one
Speaker 1: two oh six and a yen one forty four point
Speaker 1: eight seven. And look at a bitcoin this morning, down
Speaker 1: about two tens of a percent at twenty thousand dollars.
Speaker 1: The sepembent jobs reported by the Way how at eight
Speaker 1: thirty Wall Street Time, and that's a bloomberg business flash.
Speaker 1: Now here's Michael Barr with more unless going on around
Speaker 1: the world. Munchael, Good morning, Good morning, Karen. President Joe
Speaker 1: Biden said the US is trying to find an off
Speaker 1: ramp for Russian President Vladimir Putin vorious. His threats to
Speaker 1: use tactical nuclear weapons are real and could lead to
Speaker 1: Armageddoniden made his comments at a fundraiser in New York City.
Speaker 1: This year's Nobel Peace Prize has been awarded to Al
Speaker 1: Belarus Rites activists ales B. A. Leotsky, the Russian group Memorial,
Speaker 1: and the Ukrainian Organization Center for Civil Liberties. In baseball,
Speaker 1: the Matt Santa Padre started their wild Card playoff series
Speaker 1: tonight Thursday Night Football. The Colts be the Broncos twelve
Speaker 1: nine in a game where no touchdowns were scored. Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quicktake, powered by more than hundred journalists and analysts
Speaker 1: more than a hundred twenty countries. Michael bar this is Bloomberg, Nathan.
Speaker 1: Thank you, Michael. It's five nineteen on Wall Street Live
Speaker 1: from the Bloomberg Interactive Brokers Studios. This is Bloomberg Daybreak,
Speaker 1: and we are indeed counting down to the release of
Speaker 1: the September payrolls report at eight thirty am Wall Street time.
Speaker 1: Ahead of that, it's time to talk with Jennifer Lee,
Speaker 1: senior economist at BEMO Capital. Market's always great to speak
Speaker 1: with you on a job's day, Jennifer. We have seen
Speaker 1: signs of cooling in this jobs market. Do you think
Speaker 1: they're gonna pan out when we get the actual data
Speaker 1: later on this morning? Good morning, And I'm going to
Speaker 1: say yes, I believe they will. Man. Of course we
Speaker 1: said that last month and we had that big figure again.
Speaker 1: But no, I think, well, we're roughly in line with expectations,
Speaker 1: looking for about a two increase UH for September. Job
Speaker 1: was right to stay steady, is shut around three point seven,
Speaker 1: and earnings to continue to take a little bit higher,
Speaker 1: which I think is probably the key number, um, just
Speaker 1: because you would probably determine and you know how much stronger,
Speaker 1: how much you know how much incomes workers are still getting,
Speaker 1: and whether this is going to be a soft landing
Speaker 1: or a hard landing, or if there's gonna be any
Speaker 1: landing at all. Is that the key metric that the
Speaker 1: FEDS looking at in terms of getting a handle on inflation.
Speaker 1: What's behind that wage number? Call for you? So, I
Speaker 1: mean again, just remains a very very tight labor market,
Speaker 1: no matter what UM. It used to be tighter, but
Speaker 1: still tight. And the tighter it is, the more employers
Speaker 1: are gonna be half we're going to be forced to
Speaker 1: pay out more are in wages and then that's going
Speaker 1: to feel some inflation area theaters. So I think the
Speaker 1: fetters gonna be looking at the entire report, but I
Speaker 1: think the earnings number will be one of the ones
Speaker 1: that they're play going to be zooming on a students
Speaker 1: numbers are out. In terms of sectors, where are you
Speaker 1: looking at the biggest signs of wage pressure in the
Speaker 1: labor market, I'm going to see transportation um construction as well,
Speaker 1: because those that's two areas that continues to continue to
Speaker 1: have a very hard time finding skilled labor, qualified labor um.
Speaker 1: You know, we've we've we've already been seeing come back
Speaker 1: in in leisure and hospitality and in retail. But I
Speaker 1: think transportation constructions are again to sectors that continue to
Speaker 1: struggle to find workers, and because of that there are
Speaker 1: going to be forced to pay out more in terms
Speaker 1: of wages and for benefits to attract workers. Okay, so
Speaker 1: transportations of one side, but we have seen a number
Speaker 1: of reports from individual companies that they're beginning to think
Speaker 1: think about layoffs again. Is that something that could pervade
Speaker 1: into the broader report that we see later this morning. Um, possibly,
Speaker 1: but I still think it might be a bit too early.
Speaker 1: I mean, we we've already been seeing the headlines and
Speaker 1: it was interesting actually that you know, the Challenger grant
Speaker 1: Christmas layoffs ers don't get usually get too much airplay,
Speaker 1: but they got a little bit more yesterday, just given
Speaker 1: that there was a big over sixty sixty seven percent
Speaker 1: jump yevery year and announced layoffs, but also the hiring
Speaker 1: intentions robles also still people are still hiring, computers are
Speaker 1: still hiring, for sure, but it's definitely at a floor
Speaker 1: paste in what we've seen in the past. Where do
Speaker 1: you see labor force participation at this point given the
Speaker 1: dynamics that you're talking about in the labor market, there
Speaker 1: has been there was a nice pick up last month,
Speaker 1: and I think we should probably continue to see the
Speaker 1: part rate tick hire. You know, when with prices on
Speaker 1: the rise and station still you know, at at multi
Speaker 1: decade highs, you know, people are gonna be coming off
Speaker 1: of the sidelines, you know, and I say this month
Speaker 1: after month, if you're entertaining you know a number of
Speaker 1: job offerings, you know, to take one now because it's
Speaker 1: not gonna last. So I think it's gonna all of
Speaker 1: this is attracting people to come back onto into the workforce, um,
Speaker 1: and that will help push the part ry a little
Speaker 1: bit higher. Of course, we keep hearing from FED officials
Speaker 1: that rates are going to keep staying higher for longer,
Speaker 1: if not continuing to see outsized interest rate hikes in
Speaker 1: the next couple of meetings. Here, what do you think
Speaker 1: it's going to take in the labor market for the
Speaker 1: FED to consider pulling back a bit on the aggressive
Speaker 1: tightening stance it's taken, well, it's going to be more
Speaker 1: than justice one report. It's going to be several reports.
Speaker 1: It's going to be and it's not just the labor
Speaker 1: market is going to be They're gonna be looking at everything.
Speaker 1: And I think once they see inflation start buckling, um,
Speaker 1: and it's going to take some time before that is,
Speaker 1: before they start to pull back a little bit. I mean,
Speaker 1: and we're we're we continually look for study increases with
Speaker 1: other semi five basis points next one. But I think
Speaker 1: and I don't think this report today is going to
Speaker 1: change that view, but it's going to give a good
Speaker 1: sign of how much further into that they're going to
Speaker 1: continue hiking. I thought it was very interesting yesterday. I mean,
Speaker 1: the messaging from the FEED officials quit consistent. But I
Speaker 1: thought it was very interesting last night when Cleveland Side
Speaker 1: Semester actually came out and said, you know, we are
Speaker 1: not cutting rates next year, which was a pretty strong statement.
Speaker 1: Um um. I don't think anyone's ever has been put
Speaker 1: a timeline on rate cuts just you know, they've been
Speaker 1: saying no, not yet, it's too soon. But the fact
Speaker 1: that she actually said we're not doing it next year
Speaker 1: was I thought quite telling. Yeah, very interesting to see
Speaker 1: someone get on the record to that extent. It will
Speaker 1: be interesting to watch whether other feed officials fall into
Speaker 1: that line or sort of pushed back against it. Thanks
Speaker 1: for this as always, gen great to get your thoughts.
Speaker 1: Jennifer Lee, senior economist at BMO Capital Markets. As we
Speaker 1: await the September payrolls reported eight thirty am Wall Street Time,
Speaker 1: we will be breaking down the numbers for you live
Speaker 1: here on Bloomberg Radio, and we will get reaction from
Speaker 1: Labor Secretary Marty Walls. She joins us in the nine
Speaker 1: am hour across Bloomberg Radio and television. You'll definitely want
Speaker 1: to tune in for that. Ahead of all that, Futures
Speaker 1: are trading mixed at the moment. You're listening to Bloomberg
Speaker 1: Daybreak Bloomberg eleven three oh weather sunny and pleasant today
Speaker 1: with a hind your seventy five degrees cooler tomorrow and
Speaker 1: for the all weekend long hides in the low sixties.
Speaker 1: But it's still gonna be sunny right now. Sixty one
Speaker 1: in Central Park, Broadcasting live from the Bloomberg Interactive Broker
Speaker 1: Studio in New York, Bloomberg E Living FREEO to Washington,
Speaker 1: d C, Bloomberg nine to Boston, Bloomberg one O six
Speaker 1: one to San Francisco, Bloomberg N sixty to the Country,
Speaker 1: Sirius XM Chado one nine and around the globe the
Speaker 1: Bloomberg Business and Bloomberg Radio dot Com. This is Bloomberg Daybreak.
Speaker 1: It's five thirty on Wall Street. Good morning. I'm Nathan
Speaker 1: Hager and I'm Karen Moscow. We're just about four hours
Speaker 1: away from the open of US trading. Let's get you
Speaker 1: up to date on the news you need to know
Speaker 1: at this hour. Beginning a talk from the Fed Central
Speaker 1: bankers are coming out in full force. The talk down
Speaker 1: expectations of a turn to more devilish policy. We heard
Speaker 1: hawkish comments from no less than five officials yesterday, including
Speaker 1: Minneapolis Fed President Neil cash Cary. I fully expect that
Speaker 1: there are going to be some losses and they're going
Speaker 1: to be some failures around the global economy as we
Speaker 1: transition to a higher interest rate environment, and that's the
Speaker 1: nature of capitalism. Minneapolis Fed President Neil cash Cary said
Speaker 1: the Central Bank is quite a ways away from pausing
Speaker 1: rate hikes. Likewise, Fed Governor Christopher Waller emphasized the need
Speaker 1: to bring down inflation. I believe we have tools in
Speaker 1: place to address any financial stability concerns, and we should
Speaker 1: not be looking to monetary policy for this purpose. The
Speaker 1: focus of monetary policy needs to be on one thing,
Speaker 1: fighting inflation. Governor Chris Waller says the Fed needs to
Speaker 1: continue to raise interest rates into next year. We also
Speaker 1: heard hawkish remarks from Cleveland Fed Chief Ridemester that Governor
Speaker 1: Lisa Cook and Chicago's Charles Evans taking a look at
Speaker 1: markets now. Karen futures are mixed following those comments and
Speaker 1: weak earnings from chip makers. Jessica Biemer's portfolio manager with
Speaker 1: Easterly Investment Partners, Interest rates have really been a dominant
Speaker 1: story since mid August, and it's created some panic and
Speaker 1: equity markets is around housing m and a financing, you know,
Speaker 1: rolling debt. I think people are really worried about kind
Speaker 1: of how those rates are going to affect individual companies.
Speaker 1: Jessica Biemer with Easterly Investment Partner, says we're only starting
Speaker 1: to get hints of the full impact of rate hikes,
Speaker 1: and one of those hints could come today. Nathan in
Speaker 1: the September jobs are for do out of date thirty Am,
Speaker 1: Wells Street Time, stick with us for live coverage All
Speaker 1: Morning Plus will speak live with US Labor Secretary Murty
Speaker 1: Walsh and the nine am hour on Bloomberg Radio and television.
Speaker 1: We have an update on elon Musk and Twitter. Karen,
Speaker 1: a Delaware judge has halted the mid October court case
Speaker 1: against Musk to allow his deal to buy Twitter to close.
Speaker 1: Right now, Twitter shares her up about two tenths per cent.
Speaker 1: And we have three winners of this year's Nobel Priest Prize.
Speaker 1: At Les Ballatsky from Belarus, a Russian human rights organization
Speaker 1: called Memorial, and the Ukrainian human rights organization Center for
Speaker 1: Civil Liberties have won the Nobel Peace Prize. The Nobel
Speaker 1: Committee said they won for promoting the right to criticize
Speaker 1: power and protect the fundamental rights of citizens. Futures this
Speaker 1: morning are little changed. DAL features up forty seven, NASDAG
Speaker 1: features down twenty eight and straight Ahead your latest local headlines,
Speaker 1: plus a check of sports. And this is Bloomberg. Thanks
Speaker 1: Tearing three on Wall Street sixty one degrees in Central Park.
Speaker 1: We got a crash at the queensbound white Stone Bridge.
Speaker 1: Tell you more in traffic First, Michael Bars here with
Speaker 1: what else is going on in New York and around
Speaker 1: the world. Michael, thank you very much, Nathan, and afternoon
Speaker 1: in the Bronx turned into a horrific moment. Authorities in
Speaker 1: New York Cities. The ten people were injured, including two
Speaker 1: young children, when a police cruiser collided with another vehicle
Speaker 1: and crashed onto a sidewalk in my p D. Chief
Speaker 1: of Patrol Jeffrey Madre said the patrol car was responding
Speaker 1: to a call and trying to get around a vehicle
Speaker 1: at an intersection when the crash happened. Because there's an
Speaker 1: investigation unit, it's conducted an investigation. They'll continue to talk
Speaker 1: to witnesses, they'll continue to find video, and they'll continue
Speaker 1: to piece together exactly what happened here. The NYPDS Jeffrey
Speaker 1: Madre says there are no major injuries, though everyone involved
Speaker 1: was taken to the hospital. A federal judge struck down
Speaker 1: New York State's new law banning guns in certain places.
Speaker 1: The law was created in response to a Supreme Court
Speaker 1: ruling striking down another New York law that restricted who
Speaker 1: could own a gun. Now, officials are concerned about guns
Speaker 1: being carried into crowded areas like Times Square. Governor hocol
Speaker 1: plans to appeal horrific scene on the Las Vegas Strip
Speaker 1: where police say eight people were stabbed in a string
Speaker 1: of allegedly unprovoked attacks. At least two of the victims
Speaker 1: were kild and six wounded, including several in critical condition.
Speaker 1: Las Vegas Metropolitan Police Deputy Chief James la Rochelle it's
Speaker 1: just clearly a very tragic and hard to understand, hard
Speaker 1: to comprehend murder investigation that deeply impacts our community. Deputy
Speaker 1: Chief and La Rochelle says a large knife has been recovered.
Speaker 1: A member of the Proud Boys has admitted his role
Speaker 1: in the Capitol attack. Jeremy Bertino of North Carolina pleaded
Speaker 1: guilty to seditious conspiracy. Bertino has also agreed to cooperate
Speaker 1: and help federal agents with their investigation. Bertino becomes the
Speaker 1: first defendant aligned with the Proud Boys to plead guilty
Speaker 1: to the Church. Global News twenty four hours a day
Speaker 1: on air and on Bloomberg Quicktake, powered by more than
Speaker 1: twenty seven hundred journalists and analyst in more than one
Speaker 1: twenty countries. Michael Barr and this is Bloomberg Nathan. Thanks
Speaker 1: Michael on Wall Street. Time for the Bloomberg Sports Update.
Speaker 1: Here's John intention aren Athan. Baseball postseason begins today, new
Speaker 1: format making its debut. There used to be a single
Speaker 1: wild card game in each league, and there are four
Speaker 1: best of three wild cards series, including the Mets and
Speaker 1: Padres at City Field, and Mets forced into this series
Speaker 1: when they came up just shorter win the division. Pete
Speaker 1: Alonzo was asked about last weekend when they got swept
Speaker 1: in Atlanta. People look at the look at the Atlanta series, Uh,
Speaker 1: and they think that's the that was the determining factor.
Speaker 1: But to be honest with you, um, we got swept
Speaker 1: by the Cubs like three weeks prior, so um, if
Speaker 1: we didn't get swept if we had one more game,
Speaker 1: or if you look at um, I don't know the
Speaker 1: sixties some other games were it was closed Pitchers tonight,
Speaker 1: Max Scherzer, you Darvis sounds like the Mets. If they
Speaker 1: win tonight, we'll start Chris Bassett tomorrow. Then they'd have
Speaker 1: Jacob de Ground for either Game three Sunday or Game
Speaker 1: one next Tuesday in l a. If they lose tonight,
Speaker 1: they'd start to grind tomorrow. Yankees had some decisions to
Speaker 1: make under a roster for the a L d ess
Speaker 1: against either Cleveland or Tampa Bay. Aaron Boone hinted that
Speaker 1: Matt Carpenter, who has been out since he broke his
Speaker 1: foot in early August, is ready to return, couldn't use
Speaker 1: as a contitter off the betch. Week five. By the way,
Speaker 1: Indianapolis won in Denver twelve to nine in overtime. Colts
Speaker 1: QB Matt Ryan called it a slog of a game.
Speaker 1: It was twelve punts, ten sacks, four interceptions, no touchdowns.
Speaker 1: The Giants are in London getting ready to play the
Speaker 1: Factors Sunday morning, New York Times. Giants just signed safety
Speaker 1: land and Collins, who in his first stint with the
Speaker 1: Giants was a three time pro bowler only preseason, but
Speaker 1: the Nets loss at home to Miami by twenty nine.
Speaker 1: Islanders beat the Devil's. New NHL season starts next week.
Speaker 1: John Stasholler Bloomberg Sport Maybe thanks John seven on Wall
Speaker 1: Street Time for the Tri State Business Report. Here's Bloomberg
Speaker 1: Scott Carr. Connecticut's Yale New Haven Health assigned agreements to
Speaker 1: acquire two health systems from California based Prospect Medical Holdings,
Speaker 1: including three hospitals. They include Waterbury Health and includes the
Speaker 1: three hundred fifty seven bed Waterbury Hospital and Eastern Connecticut
Speaker 1: Health Network, which includes Manchester Memorial Hospital. They both returned
Speaker 1: to nonprofit status under the deal. Liquor Giant Beams Suntory
Speaker 1: is opening new global headquarters in New York City this week,
Speaker 1: relocating from Chicago. One fifty workers get a whole floor
Speaker 1: to themselves at eleven of Medicine Avenue in the city's
Speaker 1: Flat Iron District. New Jersey's announced a half million dollars
Speaker 1: in funding that will be used to expand small business exporting.
Speaker 1: The state's Business Action Center received funding for the New
Speaker 1: Jersey Step program to support food and beverage manufacturers. And
Speaker 1: underserved business communities that want to start selling internationally. The
Speaker 1: program will provide export resources to minority LGBTQ women and
Speaker 1: veteran owned businesses. That's the Bloomberg Tri State Business Report.
Speaker 1: I'm Scott Carr. Thanks Scott eight on Wall Street. Bloomberg
Speaker 1: Radio is on the air from San Francisco to New York,
Speaker 1: London to Hong Kong. Let's check in with our global
Speaker 1: news team for some of the top stories heard on
Speaker 1: our three hundred affiliate radio stations around the world. I'm
Speaker 1: Steve Polo, Scott ten ten Wins in New York. We're
Speaker 1: talking about booming super yacht sale um Corney Donahoe on
Speaker 1: KATR H in Houston. Amazon is shutting down tests of
Speaker 1: its home delivery robot and its latest cost cut. I'm
Speaker 1: Gina Servettian for w w b B. I'm in Chicago.
Speaker 1: I'm reporting that a poll shows just over forty percent
Speaker 1: of area households said they were very stressed by inflation.
Speaker 1: I'm Stephen Carol and Bloomberg d A B Digital Radio
Speaker 1: in London. We've been reporting on EU leaders discussing options
Speaker 1: for capping natural gas prices as the continent races to
Speaker 1: replace supply from Russia, and those are some of the
Speaker 1: stories are twenty d Bloomberg journalists and analysts are working
Speaker 1: on this morning around the world. It's nine on Wall Street.
Speaker 1: The following is an editorial from Bloomberg Opinion. This editorial
Speaker 1: was written by the Bloomberg Editorial Board. In recent weeks,
Speaker 1: young female protesters in Iran have led the biggest show
Speaker 1: of resistance to the country's theocratic government in years. As
Speaker 1: the regime intensifies its brutal response, the U S should
Speaker 1: do what it can to ensure of the movement survives.
Speaker 1: That does not mean promising more direct aid to protesters
Speaker 1: or calling for regime change, both of which would only
Speaker 1: bolster Iran's efforts to discredit the movement. That the U
Speaker 1: S could, for example, work with European governments the sanction
Speaker 1: regime officials suspected of abuses against peaceful protesters. The emergence
Speaker 1: of a democratic Iran would be an immensely positive development,
Speaker 1: both for Iranians and the world. Ultimately, that's a change
Speaker 1: only the Iranian people can bring about, but the US
Speaker 1: should help them where it can. This editorial was written
Speaker 1: by the Bloomberg Editorial Board for more Bloomberg opinion, Please
Speaker 1: go to Bloomberg dot com, Slash opinion or OPI n
Speaker 1: go on the Bloomberg terminal. This has been Bloomberg Opinion.
Speaker 1: Listen for Bloomberg opinion editorials every week. At this time,
Speaker 1: terminal customers can read more at O P I n go.
Speaker 1: SFP futures are higher by three points now so still
Speaker 1: it'll change. Own futures up sixty six NASDAK future is
Speaker 1: still a bit lower, down sixteen points. Tell your treasury
Speaker 1: is down one thirty second you'll three point three percent.
Speaker 1: Checking Twitter in the pre market up two tenths per
Speaker 1: cent with the deal for Elon Musk to buy it.
Speaker 1: Getting a little more time. Alex Webb of Bloomberg quick
Speaker 1: Take joins us next Bloomberg eleven three oh weather sunshine
Speaker 1: mid seventies to end the week. It's gonna be sunny
Speaker 1: this weekend, but cooler only your sixty tomorrow low sixties
Speaker 1: by Sunday right now sixty one and clear in Central
Speaker 1: Park markets. Headlines and breaking news twenty four hours a
Speaker 1: day at Bloomberg dot com, the Bloomberg Business at and
Speaker 1: at Bloomberg quick Take. He's a Bloomberg Business flash, and
Speaker 1: I'm Karen Moscow. US Dunk index futures are a little
Speaker 1: change this morning as investors await the latest payrolls report
Speaker 1: work for a cluise on the monetary policy path of
Speaker 1: the Federal Reserve. We checked the markets every fifteen minutes
Speaker 1: throughout the trading day on Bloomberg SP futures again little
Speaker 1: change down futures up fifty one. NASDAG future is lower,
Speaker 1: down twenty six. The decks in Germany is up about
Speaker 1: a tenth of upper cent ten. Your treasury down one
Speaker 1: thirty second, yell three point three percent. The yield on
Speaker 1: the two year is four point to five percent. NIMEX
Speaker 1: freuded oil up half percent, or forty four cents at
Speaker 1: eighty eight dollars eighty nine cents of barrel. Fill my
Speaker 1: school that will changed at seventeen, twenty twenty announced the
Speaker 1: euro point nine eight against the dollar, the British found
Speaker 1: one one and the yen one four point eight five.
Speaker 1: And Bitcoin this morning is down four tens of a
Speaker 1: percent and nineteen thousand, nine hundred dollars. And that's a
Speaker 1: Bloomberg business flash. Now here's Michael Barr with more on
Speaker 1: what's going on around the World, Michael Karen, thank you
Speaker 1: very much. President Joe Biden says the risk of nuclear
Speaker 1: arma Gedton is at the highest level since the nineteen
Speaker 1: sixty two Cuban missile prices. President Biden's comments come as
Speaker 1: Russian officials speak of the possibility of using tactical nuclear
Speaker 1: weapons in the eight month invasion of Ukraine. Biden said
Speaker 1: Russian President Vladimir Putin was not joking. Jail Belarus and
Speaker 1: human rights advocate won the Nobel Peace Prize this year,
Speaker 1: along with two organizations that protects civil society in Russia
Speaker 1: and Ukraine. Les Bio Latsky from Belarus, Memorial of Russia
Speaker 1: and Ukraine Center for Civil Liberties were award at the
Speaker 1: prize Today. In baseball, the met Santa Padres start their
Speaker 1: wild Card playoff series tonight. Thursday Night Football, the Colts
Speaker 1: beat the Broncos. Twelve nine. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quicktake, powered by
Speaker 1: more than twenty seven hundred journalists analyists more than a
Speaker 1: hundred twenty countries. Michael bar this is Bloomberg. Nahon. Okay, Michael, thanks,
Speaker 1: It's just about five forty nine on Wall Street Life
Speaker 1: from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak.
Speaker 1: We want to get to the latest on the buyout
Speaker 1: drama between Twitter and Elon Musk, because, as it will continue,
Speaker 1: the court case to force the forty four billion dollar
Speaker 1: deal is on hold. The world's richest man is now
Speaker 1: accusing the social network of refusing to take yes for
Speaker 1: an answer. Let's get some insights now. Bloomberg Quick Take
Speaker 1: correspondent Alex Webb joins me. He's been following this saga
Speaker 1: very closely. Alex, good morning. What does this delay mean?
Speaker 1: I guess well, there are two pieces here. It's firstly
Speaker 1: whether he can secure the financing, and if he can't,
Speaker 1: then it looks like the court case is back on.
Speaker 1: If he can, and then he can close the deal
Speaker 1: by October because the Delaware case has been paused until then,
Speaker 1: then it seems like they call the whole thing off
Speaker 1: in terms of the actual hearing and the deal goes through.
Speaker 1: So those are the two phenomena we've seen over the
Speaker 1: past twenty four hours of say, let's talk about the
Speaker 1: first phenomenon, because Musk, according to the filings, is now
Speaker 1: saying that the deal is contingent on him getting thirteen
Speaker 1: billion dollars in debt financing. I guess that has Twitter
Speaker 1: accusing him of changing the terms of the deal. Is
Speaker 1: that fair to say that Musk is trying to play
Speaker 1: things both ways here? I mean, just in a matter
Speaker 1: of fact, he is literally changing the terms of the
Speaker 1: deal because this is not in the original filing, it
Speaker 1: is in the new filing. It is also presumably a
Speaker 1: reflection of reality because the way these things work is
Speaker 1: that the banks that had pledged thirteen billion dollars in financing,
Speaker 1: they would then turn around to institutional investors and resell
Speaker 1: that debt. Interest rates, as will be no surprise to anyone,
Speaker 1: have increased significantly in the intervening months, so their ability
Speaker 1: to to refinance that debt has perhaps diminished. Now the
Speaker 1: big question here is whether the banks are willing to
Speaker 1: would prefer to take a reputational hit I from backing
Speaker 1: out of the financing, or take an actual financial hit.
Speaker 1: And it may be different for different banks. So that's
Speaker 1: the great imponderable right now, uh, and is what the
Speaker 1: whole deal depends upon. This seems to raise the question
Speaker 1: about whether Must maybe trying once again to back away
Speaker 1: from this deal. Is that taking things too far to
Speaker 1: say that I'm predicting or trying to read the sort
Speaker 1: of inner workings of Ellen's mind is a challenging task
Speaker 1: for anyone. But we've seen time and again how he
Speaker 1: has renewed on pledges and promises, and I don't think
Speaker 1: it would be sensible to rule anything out. There may
Speaker 1: be a game of another game of three D chess
Speaker 1: at play here, and there is some wily strategy to
Speaker 1: try to, you know, finagle his way out of the deal.
Speaker 1: So you know, I'm not saying that's definitely the case,
Speaker 1: but I think it would be unwise to rule anything out.
Speaker 1: And as far as what Twitter gets out of this,
Speaker 1: what are you looking for there? Look, there are several
Speaker 1: parts to the Twitter equation because on the one hand,
Speaker 1: you have the Twitter investors. It looks like they would
Speaker 1: love for this deal to go through, because it didn't
Speaker 1: really seem like there was much path to reaching that
Speaker 1: fifty four dollars twenty per share offer without the Elon bid.
Speaker 1: The shares at one stage dip close to thirty dollars
Speaker 1: when it looked very much as though the deal was
Speaker 1: going to be off. They recovered a little bit since then, Uh,
Speaker 1: then you have, of course the Twitter management. We saw
Speaker 1: from some of the text messages that were released a
Speaker 1: few days ago that Elon Musk's relationship with Paraga Aguad,
Speaker 1: the CEO, deteriorated very quickly. It doesn't look like he
Speaker 1: would be around for much longer if Elon came in.
Speaker 1: And finally, the employee base as a whole, Uh, there
Speaker 1: is a great deal of uncertainty about what happens to headcount,
Speaker 1: which parts of the company would face slashing cuts because
Speaker 1: you hear wide criticism until looking about the way Twitter
Speaker 1: is staffed that maybe it's over staffed or it's not
Speaker 1: often in the right areas, and so uh they you
Speaker 1: feel you've got to feel a little bit for the
Speaker 1: Twitter employees right now. Who I'm going a great deal uncertainty. Yeah,
Speaker 1: we keep hearing reports and uh tales really of people
Speaker 1: at the morale at Twitter at pretty significant lows here
Speaker 1: as this saga goes on. Thanks for this, Alex, great
Speaker 1: to talk with you as always. Bloomberg Quick Take correspondent
Speaker 1: Alex Webb with us this morning and looking at Twitter
Speaker 1: shares in the pre market there below fifty twenty but
Speaker 1: little changed on the session trading at right now, Karen,
Speaker 1: All right, Nathan, thank you, and it's five fifty three
Speaker 1: on Wall Street at this time. Now for the Bloomberg
Speaker 1: Law Report, Let's get to the legal stories we're watching
Speaker 1: this morning with Bloomberg Jeff Bellinger. The Department of Labor
Speaker 1: updated its regulations on the prevailing wages and minimum standards
Speaker 1: for employment conditions for workers on agricultural guest worker v says.
Speaker 1: A federal judicial panel says metal platforms and other social
Speaker 1: media companies will face consolidated pre trial litigation in California
Speaker 1: in his alleged that social media platforms cause addiction and
Speaker 1: self destructive behavior in adolescents. On lawsuit accuses the New
Speaker 1: England Patriots Hall of Fame of damaging a flag that
Speaker 1: was autographed by Tom Brady. The flag was on loan
Speaker 1: from a private collector. Bloomberg Law Everything you need on
Speaker 1: one legal research platform, Amelysis and Bloomberg Market Intelligence. Find
Speaker 1: out more at Bloomberg Law dot com. All right, Jeff,
Speaker 1: thanks Now. Another legal story we're watching this week. A
Speaker 1: former naval officer turned attorney made his Supreme Court debut,
Speaker 1: arguing on behalf of a fellow veteran seeking retroactive disability benefits.
Speaker 1: They're challenging a circuit court ruling that set a veteran
Speaker 1: can't get around the deadline of one year after discharge
Speaker 1: for filing service linked to retroactive benefits. James Barney argued
Speaker 1: that his client, Adolpho Arellano, who suffers from mental illness
Speaker 1: following deadly aircraft carrier collision, should have the same rights
Speaker 1: as civil litigans. Climber June Grosso's face to Barney, a
Speaker 1: partner at Finnegan, about the arguments the Circuit court ruled
Speaker 1: against your client. Why do you think the Supreme Court
Speaker 1: took your case? Is it a good sign that perhaps
Speaker 1: they want to reverse the Circuit Court? Well, I think so.
Speaker 1: I think they took the case because it's an important issue.
Speaker 1: It really has to do with fairness. There was a
Speaker 1: case about thirty years ago called Irwin, and what the
Speaker 1: Irwin case held, this is a Supreme Court case, was
Speaker 1: that people who have claims against the government, like benefits claims,
Speaker 1: should be treated the same way as litigants in private litigation.
Speaker 1: With respect of this issue of whether you can equitably
Speaker 1: toll or in other words, forgive a missed deadline. Most
Speaker 1: people in civil litigation who have a claim against the
Speaker 1: private party, if they miss a deadline, they can actually
Speaker 1: request it to be told under this doctrine called equitable tolling.
Speaker 1: And what the Supreme Court said in Irwin was there
Speaker 1: should be no difference between that and when a person
Speaker 1: is suing the government or seeking a claim against the government.
Speaker 1: And yet, despite that, the Federal Circuit had for many
Speaker 1: years ruled that veterans simply are not able to take
Speaker 1: advantage of that. They basically said, veterans are somehow different,
Speaker 1: and we did not think that was fair, and so
Speaker 1: we were asking the Federal Circuit to change that law.
Speaker 1: The Chief Justice pointed out that this is an agency,
Speaker 1: the Veterans Agency, that supports disabled veterans, and not an
Speaker 1: agency with rigid rules like the i r S. Does
Speaker 1: that give you hope? It does give me hope, And
Speaker 1: the Chief Justice was exactly correct there. This doctrine of
Speaker 1: equitable tolling, believe it or not, has actually been applied
Speaker 1: to allow the i r S to benefit from this
Speaker 1: doctrine of equitable tolling in order to extend or to
Speaker 1: forgive deadlines that they missed. And it would be an
Speaker 1: odd result to think that the i R s can
Speaker 1: benefit from this equitable principle, and yet service disabled veterans cannot.
Speaker 1: And I think that was the point that Justice Robins
Speaker 1: was getting to. And James Barney, a partner at Finnigan,
Speaker 1: speaking at Bloomberg Student Gross. So catch more of that
Speaker 1: interview plus analysis of the latest legal news by subscribing
Speaker 1: to the Bloomberg Law Podcast or downloading the show at
Speaker 1: Bloomberg dot com Slash podcast. Attorneys can find exceptional legal
Speaker 1: research and business development tools at Bloomberg Law dot com
Speaker 1: and on the Bloomberg terminal at the Law Go and
Speaker 1: futures this morning, they're little changed ahead of the Job's report,
Speaker 1: S ANDP futures little change now Future is up fifty
Speaker 1: nine and as day futures down twenty five, the ten
Speaker 1: year treasury down two thirties seconds, you know, three point
Speaker 1: eight three percent of the yield on the two year
Speaker 1: four point to five percent, and NIMEX screwed oil is
Speaker 1: up nine tenths of u per cent. Still ahead on
Speaker 1: Bloomberg Daybreak and check on the business headlines and all
Speaker 1: the news you need to start your day. And this
Speaker 1: is Bloomberg