Speaker 1: Live from the Bloomberg Interactive Burgers studios. This is is Bloomberg
Speaker 1: day Break for a Monday, August twenty second two Coming
Speaker 1: up this hour, stock futures fall ahead of the key
Speaker 1: FED symposium in Jackson Hole. Can your treasury yields approach
Speaker 1: three percent? As traitors bet? J Powell and the Fed
Speaker 1: will continue their hawkish stance, and President Biden speaks with
Speaker 1: European leaders about reviving a nuclear deal with Iran. New
Speaker 1: York City confirms a case of monkey box and someone
Speaker 1: under the age of eighteen plus a car bomb has
Speaker 1: killed the daughter of a prominent ally of Vladimir Putin.
Speaker 1: Michael larn More ahead, I'm John stas Shower and swards.
Speaker 1: An amazing win for the met a much needed one
Speaker 1: for the Yankees. The Subway series begins tonight. The Giants
Speaker 1: won their preseason game. That's all trading ahead on Bloomberg
Speaker 1: Daybreak on Bloomberg eleven three, on New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine
Speaker 1: sixties and Francisco Sirius XM one nineteen and around the
Speaker 1: world on Bloomberg Radio dot Com and Yo Bloomberg Business.
Speaker 1: Good morning. I'm Nathan Hagar and I'm Karen Moscow. U
Speaker 1: Stock index futures are falling this morning. We're coming up
Speaker 1: to six oh one on Wall Street. I mean check
Speaker 1: the markets every fifteen minutes throughout the trading day. On Bloomberg,
Speaker 1: I guess and P futures down forty nine points down,
Speaker 1: futures down three hundred seven, NAZ day futures down a
Speaker 1: hundred can attend. Your treasury is of three thirties seconds
Speaker 1: held two point nine six percent. They yield on the
Speaker 1: two year three point to seven percent, and I'm ex screwed.
Speaker 1: Oil is down nine tenths of a percent, Nathan, Karen,
Speaker 1: it's all about the Fed this week. The annual Jackson
Speaker 1: Hole Symposium begins Thursday, and FED Chair J Powell may
Speaker 1: use his speech on Friday to push back on speculation
Speaker 1: that interest rates will fall in benchmark ten. Your treasury
Speaker 1: yields came within a whisker of three percent, with traders
Speaker 1: betting the policymakers will double down on their hawkey Is stance.
Speaker 1: Sylvia Jablonski is co founder of Defiant CTFs. You know
Speaker 1: what I would expect is that you know kind followus
Speaker 1: to what he's sort of been doing before, and you know,
Speaker 1: we'll probably hang on every word and try to determine
Speaker 1: whether or not we thought he was he was devilish
Speaker 1: or whether he was he was hawkish. But you know,
Speaker 1: the message we've been getting is very much it depends
Speaker 1: on the data to find ZTF Silviage Oblonski does not
Speaker 1: think the market will give a clear cut message from
Speaker 1: the Fed. We of course, will have complete coverage of
Speaker 1: the Jackson Hole Symposium. Bloomberg Surveillance will be their live
Speaker 1: beginning Thursday with Tom Keene, Lisa Bramwo Woods, and Jonathan Farrell.
Speaker 1: Well Nathan, the Fed is still on a collision course
Speaker 1: with financial markets. According to the latest m l i
Speaker 1: V Pulse survey, stocks and bonds are set to tumble
Speaker 1: once more, even though inflation is likely piked. Eighty four
Speaker 1: percent of respondence in the survey say it may take
Speaker 1: two years or longer for the Fed to bring inflation
Speaker 1: down to its official long term target of two percent.
Speaker 1: Well Wall Street's focus will be on the Fed this week,
Speaker 1: kar and we'll still get a number of earnings reports
Speaker 1: from tech companies, and we get a preview from Bloomberg's
Speaker 1: Charlie Pellett. Those tech names this week will include Autodesk,
Speaker 1: dell Into its sales for Snowflake and v M. Where
Speaker 1: questions abound about the outlook for corporate earnings given Federal
Speaker 1: Reserve efforts to quell inflation with higher interest rates. Alan
Speaker 1: Zaffron Is co CEO at I e Q capital earnings
Speaker 1: aren't as bad as people fear. Inflation is starting to
Speaker 1: come down. You have a remarkably over sold short term
Speaker 1: technical condition and if you do read the chartists and
Speaker 1: technical analysts are up there, they'll tell you that the
Speaker 1: set up right now is for a continuation of this rally.
Speaker 1: Also reporting this week, Dollar General, Dollar Tree, and Zoom
Speaker 1: Video Communications in New York, Charlie Bloomberg Daybreak, Rich Earlie
Speaker 1: Thanks in Asia, Chinese banks have cut their loan prime rates,
Speaker 1: and Bloomberry Daybreak Asia anchor Brian Curtis as Moore from
Speaker 1: Hong Kong. The one year rate was lower just five
Speaker 1: basis points to three point six five percent. The five
Speaker 1: year rate, a reference for mortgages, was cut fifteen basis
Speaker 1: points to four point three percent. The rate cuts following
Speaker 1: news on Friday of additional five nancing to prop up
Speaker 1: the real estate sector. Chinese developer stocks jumped in Hong Kong.
Speaker 1: It comes as the economy faces pressure on a number
Speaker 1: of fronts. In the maintime, authorities have extended power cuts
Speaker 1: in Sichuan Province. They've activated the highest emergency response in
Speaker 1: Hong Kong. Brian Curtis Sloomberg Gabrie Brian thanks oils following
Speaker 1: this morning, down nine tenths per cent or seventy seven
Speaker 1: cents to ninety dollars of Barrel West Texas Intermediate as
Speaker 1: negotiations move forward to revive a nuclear deal with Iran.
Speaker 1: Details from Ami Morris in our Bloomberg newsroom. In Washington,
Speaker 1: President Biden spoke with leaders from Germany, France, and the
Speaker 1: UK for of the original signatories of the Iran nuclear deal,
Speaker 1: which also include Russia and China. The four discussed ongoing negotiations.
Speaker 1: Iran has released its response to the latest framework earlier
Speaker 1: this month, and the US has state type lift on
Speaker 1: its position. The e U took it as constructive. One
Speaker 1: advisor to Iran's nuclear negotiating team says to Iran, once
Speaker 1: the US penalized if it backs out again. In Washington,
Speaker 1: I'm anymore. As Bloomberg Daybreak, right, Amy, thank you all.
Speaker 1: Back in East Asia, the US and South Korea are
Speaker 1: planning their biggest drill since North Korean leader Kim Jong
Speaker 1: UN's summit with then President Donald Trump, and Bloomberg said
Speaker 1: Baxter has that story, the biggest in about five years
Speaker 1: because the Trump Kim summit apparently did not work and
Speaker 1: enticing Kim John n to cut back on his nuclear programs.
Speaker 1: The drills are called Bulchief Freedom Shield and are expected
Speaker 1: to involve thousands of military personnel. The US and South
Speaker 1: Korea say they're defensive in nature and will coordinate forces
Speaker 1: to respond to the possible invasion by North Korea. An
Speaker 1: angry response from the Kim regime is expected. In San Francisco,
Speaker 1: I'm at Baxter, Bloomberg Daybreak, Thanks turning to corporate news
Speaker 1: to takeover. Battle for Signify Health is heating up. In Bloomberg,
Speaker 1: Grunita Young has that storyline, Good morning Granita, good morning Nathin.
Speaker 1: Sources say Amazon dot Com, United Health, CVS Health, and
Speaker 1: option care Health are all buying to acquire signify Health.
Speaker 1: United healthsmitted the highest bid at more than thirty dollars
Speaker 1: a share, while Amazon's offer is close behind. Signify closed
Speaker 1: above twenty one dollars on Friday, which values the company
Speaker 1: at nearly five billion dollars. Now, none of the plans
Speaker 1: are finalized yet, and the bidders plans could still change.
Speaker 1: Signify could also always opt to remain independent. Sources still
Speaker 1: Bloomberg That signifies holding a board meeting today to discuss
Speaker 1: the bids. Live in New York. I'm gonna need a
Speaker 1: young Bloomberg daybreak. Need to thank you. Get ready to
Speaker 1: pay more for Tesla's self driving system. CEO Elon Musk
Speaker 1: tweeted the price will rise three thousand dollars to fifteen
Speaker 1: thousand in North America. The increased will take effect on
Speaker 1: September five. It's his second price hyc for Tesla's self
Speaker 1: driving this year. And finally, Karen, it was tough for
Speaker 1: some Game of Thrones fans to enter the House of
Speaker 1: the Dragon through HBO Max. The Fantasy Prequels debut episode
Speaker 1: overwhelmed the streaming service last night. More than three thousand
Speaker 1: outages were reported on down detector as of nine pm
Speaker 1: Eastern time. HBO's parent company, Warner Brothers Discovery says some
Speaker 1: viewers had trouble connecting to HBO Max through Amazon Fire
Speaker 1: TV devices. SFP futures are down forty eight points right now,
Speaker 1: down futures down there and at thirteen nastack futures are
Speaker 1: lower by one d eighty nine points. Straight ahead, your
Speaker 1: latest local headlines and a check of sports. This is Bloomberg.
Speaker 1: It's how six oh seven on Wall Street still seventy
Speaker 1: three degrees in Central Park. Is still dealing with that
Speaker 1: accident westbound or southbound west Side Highway at a hundred
Speaker 1: fifty eight. Michael Bars here with Morrow. What's going on
Speaker 1: in New York and around the world. Michael, thank you
Speaker 1: very much, Nathan, New York has its first confirmed case
Speaker 1: of monkeypox in someone under the age of eighteen. Officials
Speaker 1: from the New York Department of Health say the virus
Speaker 1: was detected in a child or teenager living outside of
Speaker 1: New York City. The virus is primarily spread through skin
Speaker 1: to skin contact, and the majority of cases have affected
Speaker 1: gay men, but it also has been detected and two
Speaker 1: women outside New York's city and sixteen women living in
Speaker 1: the city. With this new school year about to begin,
Speaker 1: New York City schools say they have not yet received
Speaker 1: any official guidance about monkey pocks. Meanwhile, starting today, an
Speaker 1: additional three D sixty thousand vials a monkeypox vaccine will
Speaker 1: be available nationwide. That's potentially enough vaccine for one point
Speaker 1: eight million shots in arms. Using the Biden administration's new
Speaker 1: approach to stretch limited supplies. In Kansas City, Missouri, health
Speaker 1: official Scott Clarty is addressing privacy concerns. The city now
Speaker 1: has an online survey to help identify people who may
Speaker 1: qualify for the vaccine. If you're concerned that you may
Speaker 1: have been exposed to to to monkey poks, get online
Speaker 1: fill out that form. Health official Scott Clarty says, according
Speaker 1: to data, there are more than fourteen thousand monkeypox cases nationwide.
Speaker 1: Republican Congresswoman Liz Cheney says that are focused now is
Speaker 1: keeping former President Trump out of the White House. Following
Speaker 1: her election loss, Cheney said that President Joe Biden phoned
Speaker 1: her and they had a very good talk. Cheney spoke
Speaker 1: to ABC just days after a primary loss in Wyoming.
Speaker 1: No regrets, UM, you know, I I feel I feel
Speaker 1: sad about where my party is. I feel sad about
Speaker 1: the way that UM too many of my colleagues have
Speaker 1: responded to what I think is a great moral test
Speaker 1: and challenge of our time. Liz Cheney spoke on ABC's
Speaker 1: This Week, which can be heard Sundays on Bloomberg. Ukrainian
Speaker 1: officials are denying Russian allegations that they were behind the
Speaker 1: car bomb attack that killed the daughter of a prominent
Speaker 1: Vladimir Putin ally in Russia. Daria Dugina, the daughter of
Speaker 1: a staunch supporter of the war, killed by a car
Speaker 1: bomb near Moscow her father Alexander Duggan and ultra nationalists,
Speaker 1: has been called Putin's Brain. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quick Take, powered
Speaker 1: by more than twenty seven hundred journalists and analysts more
Speaker 1: than twenty countries. I'm Michael barn The is Bloomberg, Nathan
Speaker 1: Michael's thank you. Come up to six ten on Wall
Speaker 1: Street Time for the Bloomberg Sports Up David John Stash
Speaker 1: all Right, Nathan Subway series tonight. Mets won both games
Speaker 1: last month at City Field. Now they played two in
Speaker 1: the Bronx. No question who the hotter team is. The
Speaker 1: Yankees did win yesterday, but it was just their fifth
Speaker 1: win in the month of all this while the Mets,
Speaker 1: who did lose three of four in Atlanta, one three
Speaker 1: of four in Philadelphia and yesterday's win amazing. They had
Speaker 1: to start a rookie Jose Buddha. He served up two
Speaker 1: three run homers to the Phillies Alley Bone on the
Speaker 1: Mets trail port nothing later seven to four, Mark Canna
Speaker 1: to the rescue, gain time three one homer, seventh and
Speaker 1: and then Canna came up with a night with the
Speaker 1: Mets trailing by Iran Robertson delivers Swingingna tried will hit
Speaker 1: to left docs gay Tom che God, do you believe this?
Speaker 1: Don it again? They take the lead. Mark Canna with
Speaker 1: his arms raised over his head between first and second
Speaker 1: as he roused the face, then received BS to call
Speaker 1: them that's one. Ten to nine. Yankees finally beat Toronto
Speaker 1: with the stadium four to two to avoid the Blue
Speaker 1: Jays four games. Finally, clutch head. It came from Andrew
Speaker 1: Benn and Tendy, who's been quiet since the arrival from
Speaker 1: Kansas City. His first Yankee home run game winning two
Speaker 1: run shot seven that in the win to Lou Trevino
Speaker 1: and other recent pick up. He got the last seven
Speaker 1: outs the subway series pitching matchups favor the Mets, Max Scherzer,
Speaker 1: Jos Tonight and Jake could be grown Tomorrow. I met
Speaker 1: Life the Giants third string quarterback Davis Webb rally Big
Speaker 1: Blue two preseason win over Cincinnati's Web through two fourth
Speaker 1: quarter touchdown passes, met Life Tonight Jets in the Atlanta Falcons.
Speaker 1: Patrick Cantley won the golf in Delaware for the second
Speaker 1: straight year. John Stashytward Bloomberg Sports Nathome okay, John, thank you.
Speaker 1: SMP future is now down forty five point. Staff futures
Speaker 1: down two D ninety one. Nest A features are lower
Speaker 1: by a hundred seventy nine points. Send your treasuries up
Speaker 1: one thirty second. The yield two point nine six six
Speaker 1: per cent. We preview Jackson Hole next with Bloomberg Global Economics,
Speaker 1: corresponding Michael McKee. Stay with us. This is Bloomberg Bloomberg
Speaker 1: eleventh three. Weather. Lots of clouds today, some scattered showers,
Speaker 1: thunderstorms behind your seventy five partly sunny, Maybe a few
Speaker 1: scattered showers tomorrow. Pin your eighty five degrees sunny in
Speaker 1: your ninety Wednesday right now, seventy three in Central Park markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, The Bloomberg Business at and at Bloomberg
Speaker 1: Quick Tape. This is a Bloomberg Business Flash and I'm
Speaker 1: Karen Moscow. Stocks in Europe are rich treating along with
Speaker 1: US stok indext futures futures as the federal reserves commitment
Speaker 1: to tighter monetary settings and worries about the effect on
Speaker 1: economic growth way on investors sentiment. We checked the markets
Speaker 1: every fifteen minutes throughout the trading day on Bloomberg S
Speaker 1: and P futures down to forty six points down, futures
Speaker 1: down to utter and nastday futures down a hundred eighty.
Speaker 1: The decks in Germany is down about one and a
Speaker 1: half percent. Ten year treasury up one thirty second yeld
Speaker 1: two point nine six percent. They yield on the two
Speaker 1: year three point to eight percent. Nine Max fruit oil
Speaker 1: is down about seven tenths per cent or sixty one
Speaker 1: cents at ninety dollar sixteen cents a barrel. Comex gold
Speaker 1: is down eight tenths percent or fourteen dollars twenty cents
Speaker 1: at seventeen forty eight sixty announce. The Euro is at
Speaker 1: one point zero zero one two against the dollar, the
Speaker 1: yen one six point nine zero, and Bitcoin this morning
Speaker 1: is down about one and a half percent at twenty
Speaker 1: one thousand, one hundred fifty dollars. Game Stop and bed
Speaker 1: Bath and Beyond are leading to clients and meme stocks
Speaker 1: This morning has the latest frenzy and the shares loses esteem.
Speaker 1: Bed Bath and Beyond is down eight and a half
Speaker 1: percent right now. We're also watching AMC Entertainment down thirty
Speaker 1: four percent ahead of the debut of its new class
Speaker 1: of shares and as a Bloomberg business flash. Now here's
Speaker 1: Michael Barr with more on what's going on around the world.
Speaker 1: Michael Karen, thank you very much. The White House, who
Speaker 1: is saying During a joint phone call, the leaders of
Speaker 1: the s UK, France and Germany discussed how to revive
Speaker 1: the around nuclear deal. Previously, tehron had curbed it's nuclear
Speaker 1: program exchange for relief from economic sensions. Ukrainian officials are
Speaker 1: the nying Russian allegations that they were behind the car
Speaker 1: bomb attack that killed the daughter of a prominent Vladimir Putinella.
Speaker 1: In baseball, the Yankees beat the Blue Jays four to
Speaker 1: the Mets beat the Phillies ten nine, The Orioles beat
Speaker 1: the Red Sox five three, The Nationals lost, The A's
Speaker 1: beat the Mariners five three, the Giants one NFL preseason yesterday,
Speaker 1: the Giants and Ravens one. In golf, Patrick Kentley wins
Speaker 1: the BMW Championship. Global News twenty four hours a day
Speaker 1: on air and on Bloomberg Quickday, powered by more than
Speaker 1: twenty seven hundred journalists analysts more than a hundred twenty countries.
Speaker 1: I'm Michael Barr, and this is Bloomberg. Nathan. Okay, Michael,
Speaker 1: thank you. We're coming up to six twenty on Wall
Speaker 1: Street line from the Bloomberg Interactive Broker Studios. This is
Speaker 1: Bloomberg Day Break. Let's get more now and what we
Speaker 1: could expect from this week's Jackson Hole Symposium and that
Speaker 1: speech from fed jaired FED chair j Powe. Bloomberg Economics
Speaker 1: correspondent Michael McKee joins me now and um, Mike, I
Speaker 1: don't know if we can say that we're seeing a
Speaker 1: reset in market expectations of what the Fed could do
Speaker 1: with interest rates, given where futures are going lower this morning,
Speaker 1: But is that what we could expect from Chairman Powell,
Speaker 1: a reset of market expectations. I think the uh, the
Speaker 1: markets are hoping he will tell them something that can
Speaker 1: help them to figure out where we're going and how
Speaker 1: fast we're going to get there and therefore position for
Speaker 1: But I'm not sure they're going to get what they're
Speaker 1: looking for because it may be hard for Powell to
Speaker 1: even figure that out. I think what the what we'll
Speaker 1: see is a lot of volatility this week is trying
Speaker 1: to people try to read into various economic indicators whether
Speaker 1: there's good news or bad news coming. But Paula's position
Speaker 1: hasn't changed a whole lot, and nor has the Feds.
Speaker 1: They believe they're going to have to keep raising rates
Speaker 1: to a certain point and stay air for a while,
Speaker 1: where the market thinks that they'll raise rates a little
Speaker 1: more and start cutting again. So that's the message he'll
Speaker 1: deliver out. Uh. Larry Summers out this last Friday on
Speaker 1: Wall Street Week with David Weston, saying that the Fed
Speaker 1: should be honest and say, look, we're going to create
Speaker 1: a recession. I'm not sure paul is going to go
Speaker 1: that far. Yeah, I mean, we wouldn't. I mean, has
Speaker 1: there ever been a time where a federal Reserve has
Speaker 1: said that they expect and resentsially. Has that happened in history? No,
Speaker 1: And I've I've liken this to like a football game
Speaker 1: where the coach comes out at the beginning of the
Speaker 1: game and says, we're gonna get killed today. We're really
Speaker 1: gonna lose by a lot. That's not gonna happen. Um,
Speaker 1: but Paul may, uh if if if he wants to
Speaker 1: send that kind of a message, he may dance around
Speaker 1: it by saying things like, um, you know, there's there's
Speaker 1: going to be pain involved. We know that. And we've
Speaker 1: seen some I guess gaming out of how long it's
Speaker 1: going to take for the FED to get to its
Speaker 1: too percent inflation target. We've got that m Live Pulse
Speaker 1: survey out this morning that says it could take a
Speaker 1: couple of years for inflation to get back to target.
Speaker 1: I mean, is is there anything that markets could get
Speaker 1: from the chairman on that score? How long they expect
Speaker 1: the fight's gonna take. They've said it's likely to take
Speaker 1: a couple of years. They're there. Economic projections released in
Speaker 1: June don't have us getting back till about two five. Now,
Speaker 1: the question is, uh, does anybody really have a good
Speaker 1: idea how how long it's going to take, because this
Speaker 1: is such an unusual UH inflationary trend, driven in large
Speaker 1: part by coming out of the pandemic and then the war,
Speaker 1: and we don't know what's going to happen with that
Speaker 1: war in Ukraine. We don't know whether energy prices are
Speaker 1: going to shoot up again, which would just make it
Speaker 1: all the harder. We are seeing signs and use cars
Speaker 1: and airfares and things like that that some of the
Speaker 1: things that the Fed expected to be transitory were the
Speaker 1: period was longer, but they are starting to go down.
Speaker 1: So it's kind of hard for people to estimate how
Speaker 1: long it's going to take and have a good UH
Speaker 1: handle on that, which probably argues that J. Powell is
Speaker 1: not going to give us a specific timeline other than
Speaker 1: to say it will take a while. Since I think
Speaker 1: I heard you bring up the T word again, Mike,
Speaker 1: how much UH stock should markets take in what Powell
Speaker 1: does say this week, given that when they held the
Speaker 1: symposium last year, he brought out the word transitory and
Speaker 1: he's now admitted that that turned out wrong. Got about
Speaker 1: thirty seconds. Yeah, there are some people who think that
Speaker 1: he's going to have a bit of a credibility problem.
Speaker 1: I think people can take his words at face value.
Speaker 1: The only thing is is, UH, We're going to have
Speaker 1: a jobs report and a CPI report before the next
Speaker 1: FIT meeting on September twenty one, and those will have
Speaker 1: a major impact on what the FED does that day.
Speaker 1: So I don't think you can leave jackson Hole saying
Speaker 1: the fan is gonna do x ro y um September
Speaker 1: twenty one. But I have an idea of the general trend,
Speaker 1: and that sounds like that could be the message that
Speaker 1: he sends that they just don't know where things could go,
Speaker 1: given that there is so much more data between jackson
Speaker 1: Hole and the next step MC meeting. Thanks for this, Mike,
Speaker 1: great as always having on with us Bloomberg Economics correspondent
Speaker 1: Michael McKee, And of course we will have full jackson
Speaker 1: Hole coverage for you right here on Bloomberg Radio and
Speaker 1: Bloomberg Television. Bloomberg Surveillance is going to be there starting
Speaker 1: when the symposium kicks off on Thursday. Tom to Keene,
Speaker 1: Jonathan Farrell, Liso, Bronwood's taking you all the way through
Speaker 1: uh FED share Powell's speech coming up on Friday. The
Speaker 1: Capra of Jackson Hole looking ahead to the market open
Speaker 1: this morning. SMP futures are down forty six points, STAW
Speaker 1: futures down two hundred ninety four, and NASTAC futures are
Speaker 1: lowered by one two points. You're listening to Bloomberg Daybreak
Speaker 1: Bloomberg eleven three oh weather clouds, some scattered showers and
Speaker 1: thunderstorms high your seventy five Today, we'll get into the
Speaker 1: mid eighties Tomorrow partly sunny with a few scattered showers
Speaker 1: and thundershowers. Wednesday sunshine behind your ninety right now seventy
Speaker 1: three degrees. Broadcasting live from the Bloomberg Interactive Broker's studio
Speaker 1: in New York, Bloomberg in Freedom to Washington, d C.
Speaker 1: Bloomberg ninety nine one to Boston, Bloomberg one on six
Speaker 1: one to San Francisco, Bloomberg nine six to the country
Speaker 1: Sirius XM Chado one nine team, and around the globe
Speaker 1: to the Bloomberg Business app in Bloomberg Radio dot com.
Speaker 1: This is Bloomberg Daybreak six thirty on Wall Street. Good morning.
Speaker 1: I'm Nathan Hagar and I'm Karen Mosca. We're just about
Speaker 1: three hours away from the open of US trading. Time
Speaker 1: for the five things you need to notice start your day,
Speaker 1: Brought to you by I d k R Investment Advisers
Speaker 1: switched to interacted brokers for lowest cost global trading and
Speaker 1: turnkey custody solutions, no ticket charges and no conflicts of
Speaker 1: your interests at i vkr dot com slash r I
Speaker 1: at first the Annual Jackson Hole Symposium against Thursday, and
Speaker 1: we'll hear from Federal Reserve Chair j Powell and a
Speaker 1: speech Friday. Bloomberry's Viney Down. Judas has a preview the
Speaker 1: FED chairs battling inflation after the central bank fumbled at
Speaker 1: the onset of the worst price surge in decades. Bloombrig
Speaker 1: Economics as Powell attempt to steady the message on interest
Speaker 1: rates in his talk at Jackson Hall and dissuade Wall
Speaker 1: Street that the Fed is made a devilish pivot by
Speaker 1: signaling the Central Bank is far from done in this
Speaker 1: year's tightening campaign. So far, the Feed is lifted its
Speaker 1: benchmark rate from near zero to two point five percent.
Speaker 1: Judais Bloomberg day break. All right, Vinny, thanks, so we'll
Speaker 1: have complete cabage at the Jackson Hole Symposium Bloomberg surveillance
Speaker 1: will be their live overseas careen Chinese banks to cut
Speaker 1: their loan prime rates as Beijing pledge is to offer
Speaker 1: developers more financing. Hi Chen is head of investment strategy
Speaker 1: at High Tong International. I think we already reached a
Speaker 1: point that a central government really need to step in
Speaker 1: and announcement over the week on the pottest banks, this
Speaker 1: executive good star. I think that really need to provide
Speaker 1: a backstop. High Chen with High Tong International says markets
Speaker 1: want to see how the Chinese government will prop up
Speaker 1: it's struggling property space. Nathan A geopolitical note in Asia,
Speaker 1: the US and South Korea are planning their biggest military
Speaker 1: move since North Korean leader Kim Jong on summit, but
Speaker 1: then President Donald Trump. In corporate news, care in the
Speaker 1: takeover battle for signify Health is heating up. In Bloomberg's
Speaker 1: renied A Young joins US Live with that Good morning, Nita,
Speaker 1: Good morning, Nathan. Sources say Amazon dot Com, United Health,
Speaker 1: CVS Health, and option Care Health are all buying to
Speaker 1: acquire signify Health. United Health submitted the highest bid at
Speaker 1: more than thirty dollars a share, while Amazon's offers close behind.
Speaker 1: Signify closed above twenty one dollars on Friday, which values
Speaker 1: the company at nearly five billion dollars. Now, none of
Speaker 1: the plans are finalized yet and bidders plans could still change,
Speaker 1: and Signified could always opted to remain independent. Sources tell
Speaker 1: Bloomberg that Signify is holding a board meeting today to
Speaker 1: discuss the bids. Live in New York. I'm gonna need
Speaker 1: a young Bloomberg day break, all right, needed? Thanks Oil.
Speaker 1: Following this morning, nim Ex screwed oil is down a
Speaker 1: tenth of a percent. It's at ninety dollars sixty five
Speaker 1: cents of barrel. It's done about twelve cents, and Brent
Speaker 1: is at ninety six dollars fifty two cents. It comes
Speaker 1: as negotiations move forward to revive a nuclear deal with
Speaker 1: the Iran. That's the five things that you need to
Speaker 1: notice start your day. Brought to you by Interact, your
Speaker 1: brokers and straight Ahead, your latest local headlines plus the
Speaker 1: check of sports. This is Bloomberg. I thank you. Hearing
Speaker 1: six thirty three on Wall Street, seventy three degrees in
Speaker 1: Central Park. Gotta crash. He's found six near Route nine.
Speaker 1: Details coming up in traffic. First, Michael Barr with what
Speaker 1: else is going on in New York and around the world.
Speaker 1: Good morning, Michael, Good morning Nathan. New York City schools
Speaker 1: say they have not yet received any official guidance about
Speaker 1: monkey box. New York has its first confirmed case a
Speaker 1: monkey box and someone under the age of eighteen. Officials
Speaker 1: from the New York Department of Health say the virus
Speaker 1: was detected and a child or teenager living outside of
Speaker 1: New York City. The virus is primarily spread through skin
Speaker 1: to skin contact. Children in other states, including Texas and California,
Speaker 1: have also contracted monkeypox. In Kansas City, Missouri, health official
Speaker 1: Scott Clarty is trying to make it easier to get
Speaker 1: a shot. If we can get, you know, get folks vaccimated,
Speaker 1: that will keep the spread down. Health official Scott Clarty
Speaker 1: as there are more than fourteen thousand monkeypox cases nationwide.
Speaker 1: Ukrainian officials are denying the Russian allegations that they were
Speaker 1: behind the car bomb attack that killed the daughter a
Speaker 1: prominent Vladimir Putin ally, Alexander Duggan. Very Guinea's family said
Speaker 1: she borrowed her father's car, suggesting he was the target.
Speaker 1: House January six, Committee Vice chair Liz Cheney has said
Speaker 1: she thinks former Vice President Mike Pence should testify before
Speaker 1: the committee. Cheney also hinted that former President Trump could
Speaker 1: be called to testify before the committee. Just days after
Speaker 1: her Republican primary loss in Wyoming, Cheney says that her
Speaker 1: focus now is keeping former President Trump out of the
Speaker 1: White House. Our party has abandoned principle and abandoned value,
Speaker 1: and abandoned fundamental fidelity to the Constitution in order to
Speaker 1: embrace a cult of personality. And I think that's really
Speaker 1: dangerous for a whole bunch of reasons. This. Cheney spoke
Speaker 1: in a d c S this week, which can be
Speaker 1: heard Sundays on Bloomberg. Parental Rights Front and Center. In Florida,
Speaker 1: as Republican government around the Santis campaign in Durrell, supporting
Speaker 1: school board candidates who backed his controversial educational agenda. We
Speaker 1: are not going to surrender to woke. We're gonna prevail,
Speaker 1: and Florida is the state where woke goes to die.
Speaker 1: Former GOP Governor Charlie crist is now running as a
Speaker 1: Democrat for his old seat. My party left me. I
Speaker 1: didn't leave. It started with the tea party that's only
Speaker 1: metatasized now. I'm very probole being a crowd Florida Democratic.
Speaker 1: It's where I should have been a long time ago.
Speaker 1: I'm glad to be here now and thank God for
Speaker 1: it all. Chris spoke to a DC Tomorrow. Is also
Speaker 1: Prime every day in New York Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than twenty seven hundred journalists analysts more
Speaker 1: than a hundred twenty countries. Michael barn this is Bloomberg.
Speaker 1: Thank you, Michael. Almost six thirty six on Wall Street,
Speaker 1: time for the Bloomberg Sports Update with John S. All Right,
Speaker 1: Nathan much. He didn't win for the Yankees, an amazing
Speaker 1: win for the Mets, and now the two teams, at
Speaker 1: least weather permitting, meet tonight in the Bronx started the
Speaker 1: two game Subway series. The Yankees went into Paul O'Neill
Speaker 1: Day at the Stadium with the worst record in August
Speaker 1: of any team in the Major's four and fourteen, assured
Speaker 1: of losing a sixth series in a row that hadn't
Speaker 1: happened to twenty seven years. Just trying to avoid getting
Speaker 1: swept Yank and Blue Jays two to seventhing, Andrew been
Speaker 1: intended at the play. Here's the oh one. So on
Speaker 1: there goes, keep riding as hot, tell us fuck good,
Speaker 1: he hit us first come rod Nick putting the covered
Speaker 1: up better time to Benning the right bal seen the
Speaker 1: f A and Yanks one for to two Mets meanwhile
Speaker 1: one in Philadelphia tend to nine. They trailed for nothing
Speaker 1: later seven to four. Mark Canna had a game sign
Speaker 1: three run homer seventh and and then the ninth Canada
Speaker 1: again two run shot to put the Mets ahead and
Speaker 1: moved them four games ahead of Atlanta. Now the Mets
Speaker 1: come with the Yankees with their one two parts of
Speaker 1: Max Suger and Jacob Degrant. But what it's worth. Giants
Speaker 1: two and over the preseason, they beat Cincinnati at MetLife
Speaker 1: twenty two, a game with three fourth quarter lead changes.
Speaker 1: Davis Webb led the Giants to victory, game winning TV
Speaker 1: pass in the final minute. Daniel Jones started. He looked good,
Speaker 1: going sixteen of eighteen. Rookie edge Russher Cavan Thibodeaux left
Speaker 1: with a knee. Andre did not appear to be serious.
Speaker 1: The Jets hos the Falcons tonight. Patrick Cantley won the
Speaker 1: alf in Delaware. Tom Wiskoff passed away at seventy nine.
Speaker 1: He won sixteen PG events in the nineteen seventy three
Speaker 1: British But hen when we're up at the Masters four times,
Speaker 1: John Scar Bloomberg School, Okay, John, thanks. Six thirty seven
Speaker 1: on Wall Street. Time to take a look at stock
Speaker 1: some of the names moving in the pre market with
Speaker 1: Bloomberg Radio and TV Markets correspondent Crety Gupta, Crety. We've
Speaker 1: been talking about this takeover battle for Signify Health heating up,
Speaker 1: but I look at the stock this morning. My goodness,
Speaker 1: what a surge. It is a massive surge. S g
Speaker 1: F wise your taker here for Signify Health. The jumping
Speaker 1: at this fort in the pre market. Of course, this
Speaker 1: comes after reports of United Help, Amazon, CVS, and option
Speaker 1: Care Health all vying to buy the healthcare technology provider.
Speaker 1: And Nathan, this is really important. I really wanted to
Speaker 1: take an extra beat to to kind of spend on this.
Speaker 1: Amazon in particular, if you look at the names I
Speaker 1: just listed, A United healths CBS, Option Care Help, those
Speaker 1: are not huge, but those aren't the category that Amazon
Speaker 1: usually fits into when it comes to its competitors. Amazon
Speaker 1: really making a massive move here to get into the
Speaker 1: healthcare space. And remember there have been multiple companies in
Speaker 1: the past, but you're Hathaway, even JP Morgan even who
Speaker 1: have tried to get into the healthcare business and haven't
Speaker 1: been able to do it successfully. So to see Amazon
Speaker 1: make this much of a bid for it is pretty significant.
Speaker 1: And remember we've been talking a lot about big tech
Speaker 1: as well. Amazon has a ton of cash on their
Speaker 1: balance sheet just to kind of a legacy or I
Speaker 1: should say, a side effect of the pandemic and how
Speaker 1: much they've been able to borrow at those record low rates.
Speaker 1: So Amazon does actually have cash to spend. Of course,
Speaker 1: Signify help potentially becoming the beneficiary for that. As you
Speaker 1: point out, s g f Y is your taker up
Speaker 1: about in the pre market. What's down though, is those
Speaker 1: meme stocks, Nathan, you have game stock, gm ME, your
Speaker 1: classic kind of I want to call mascot almost for
Speaker 1: the memestock crowd. Down about five percent in the pre market,
Speaker 1: but so is AMC Entertainment, but down by a lot more,
Speaker 1: down about thirty three in the pre market. The tacher
Speaker 1: is just the letter A m C. And I want
Speaker 1: to put an extra minute on this one as well,
Speaker 1: because it is actually going to start trading under ape
Speaker 1: starting today, I believe, when the stock market opens and
Speaker 1: just just under three hours or so. So keep an
Speaker 1: eye on that bed Bath and beyond, of course, we
Speaker 1: know is also the one moving up from the retail
Speaker 1: crowd as well, B B B. Why is your taker
Speaker 1: down about nine percent? Nathan? And finally, Tesla is moving
Speaker 1: for a couple of different reasons. Here it is, and
Speaker 1: it's not the only one. I kind of want to
Speaker 1: group some of the tech stocks together because of course
Speaker 1: we know the market is down broadly to the tune
Speaker 1: about one point two percent, so there isn't a ton
Speaker 1: of green on the screen anyway, but you are seeing
Speaker 1: some of the losses really magnified in the tech names
Speaker 1: like Tesla. For example, t s L as your ticker
Speaker 1: down about two percent in the pre market, but does
Speaker 1: not alone. Take a look at Netflix and f l
Speaker 1: X is your ticker. They're down two point two percent
Speaker 1: in the pre market as well, and should go back
Speaker 1: to Tesla really quickly. It is taking it along with it.
Speaker 1: Some of the other electrical vehicle makers Rivan, Nicola, r
Speaker 1: I v N and n k l A down over
Speaker 1: two percent this morning. Yeah, Boomberg Radio on TV. Markets
Speaker 1: correspondent pretty goooped up with us this morning. As you mentioned,
Speaker 1: the tech sector sort of leading the declines out with
Speaker 1: Nasdaq futures down one point four or a hundred nine points.
Speaker 1: SMP futures are down one point one percent to drop
Speaker 1: of forty seven points. There in Dow Future is down
Speaker 1: down three points. Stay with us, you're listening to Bloomberg
Speaker 1: Bay Bready Bloomberg eleven three oh. Weather clouds today, some
Speaker 1: scattered showers and thunderstorms with a high your seventy five.
Speaker 1: We'll get into the mid eighties tomorrow, partly sunny, maybe
Speaker 1: a few scattered showers. Sunshine Wednesday, high right now seventy
Speaker 1: three in Central Park Markets headlines and breaking news twenty
Speaker 1: four hours a day at Bloomberg dot Com, Bloomberg Business
Speaker 1: apt and at Bloomberg Quick Tape. He's a Bloomberg Business
Speaker 1: Flash and I'm Karin Moscow Future is on the decline.
Speaker 1: This morning. We go to the first word Breaking News
Speaker 1: days for today's morning call. Here's Bell Maloney, A good
Speaker 1: morning and good morning, Karen. That's right. Us features are
Speaker 1: under pressure right now at Features down three hundred points
Speaker 1: says to be strop forty eight one. NAS deck features
Speaker 1: are down by two hundred, the US ten year old
Speaker 1: at two point nine eight percent, Gold is down twelve,
Speaker 1: Oil is little changed, and Bigcoin is down by one percent.
Speaker 1: Japan fell half percent overnight, while Up and markets are
Speaker 1: also in the red this morning, and back in the
Speaker 1: US on the economic front. At eight thirty, Chicago fed
Speaker 1: in deal news people familiar said that Amazon joined the
Speaker 1: bidding war for Signified Health and wrapping things up. Netflix
Speaker 1: was cut the cell over at c f R, a
Speaker 1: foot locker race to equate at Morgan Stanley, and Docu
Speaker 1: sign was cut to sector perform over at RBC Live
Speaker 1: from the first to Breaking News Dotcom. Bill Maloney, Karen,
Speaker 1: all right, Bill, thank you, and here live breaking news
Speaker 1: over your Bloomberg Times squawk on your terminal SCU you
Speaker 1: a w K and that's a Bloomberg business flash. Now
Speaker 1: here's Michael Barrow with more on what's going on around
Speaker 1: the world. Michael, Karen, thank you very much. President Joe
Speaker 1: Biden spoke yesterday with fellow Western leaders looking to revive
Speaker 1: the nuclear d old. With the RN. Biden spoke with
Speaker 1: his counterparts in Germany, France and the UK Basketball Hall
Speaker 1: of Famer Dennis Rodman says he intends to visit Russia
Speaker 1: to try to help w n b A star Britney
Speaker 1: Grinder get back home. Grinder was sentenced to nine years
Speaker 1: following her conviction on drug charges earlier this month. In baseball,
Speaker 1: the Yankees beat the Blue Jays four to The Mets
Speaker 1: beat the Phillies ten nine, The Orioles beat the Red
Speaker 1: Sox five three, The Nationals lost, The A's beat the
Speaker 1: Mariners five three, the Giants one NFL preseason action yesterday,
Speaker 1: The Giants and Ravens won global news twenty four hours
Speaker 1: a day on here and on Bloomberg Quicktake, powered by
Speaker 1: more than hundred journalists analysts more than a hundred twenty countries.
Speaker 1: I'm Michael Barr. This is Bloomberg. The following commentary is
Speaker 1: from Bloomberg Opinion. What happened when Minneapolis ended single family's owning.
Speaker 1: I'm Justin Fox, the columnist for Bloomberg Opinion. In January,
Speaker 1: single family zoning went away in Minneapolis. Duplexes and triplexes
Speaker 1: were permitted in the seventy percent of the city, where
Speaker 1: previously only detached houses were allowed. The change and subsequent
Speaker 1: similar moves elsewhere received a lot of attention. Some hailed
Speaker 1: it as a landmark move toward making housing more affordable
Speaker 1: and ending residential segregation. Others decried it as the end
Speaker 1: of the American way. What is transpired in Minneapolis since
Speaker 1: through the end of June, building permits have been issued
Speaker 1: for twenty new duplexes and eleven new triplexes in neighborhoods
Speaker 1: where they wouldn't have been allowed before. Another twenty or
Speaker 1: so units have been created by newly allowed alterations to
Speaker 1: existing houses in a city of four hundred and twenty
Speaker 1: five thousand people. That's not exactly a housing revolution. It
Speaker 1: is a step. I'm justin Fox. For more opinion, please
Speaker 1: go to Bloomberg dot com, Slash Opinion or O P
Speaker 1: I n go on the Bloomberg terminal. These has been
Speaker 1: Bloomberg Opinion and Bloomberg Opinion meentary is can be heard
Speaker 1: every weekday at this time and terminal customers can read
Speaker 1: more at O P I n go. It's like fifty
Speaker 1: on Wall Street and return to News Now and Science
Speaker 1: and Technology with the Bloomberg and j I T Stem Report.
Speaker 1: It has brought to you by New Jersey Institute of
Speaker 1: Technology and j i T makes industry ready engineers and
Speaker 1: more than twenty fields. If it's engineering, it's at n
Speaker 1: j i T. Learn more at n j I T, DOT,
Speaker 1: E d U and here's let's making news in science, Technology, engineering,
Speaker 1: and map. Millions of students wearing face masks stream back
Speaker 1: to primary and secondary schools across the Philippines today. It
Speaker 1: was their first in person classes after two years of
Speaker 1: coronavirus lockdowns. Officials grappled with daunting problems, including classrooms shortages,
Speaker 1: lingering COVID fears, and approaching storm and quake damage school
Speaker 1: buildings in the country's north. To welcome back many of
Speaker 1: more than twenty seven million students who enrolled for the
Speaker 1: school year. Germany may have to extend its use of
Speaker 1: nuclear power if it's not able to replace all of
Speaker 1: its imports of Russian natural gas winter Berlin had decided
Speaker 1: to exit atomic energy permanently by the end of the year.
Speaker 1: Cancer Oloff Schultz and Economy Minister Robert Habeck say there's
Speaker 1: the option of extending the lives of Germany's last three
Speaker 1: reactors past December and get ready to pay more for
Speaker 1: testless self driving System CEO Elon must tweeted the price
Speaker 1: will rise three thousand dollars to fifteen thousand in North America.
Speaker 1: Price cycle will take place on September five. It's the
Speaker 1: second increase this year. That's the Bloomberg and j I
Speaker 1: t Stem Report. Nathan Okay, Karen, thank you. We're live
Speaker 1: from the Bloomberg Getteractive Broker Studios. Or It's almost six
Speaker 1: fifty two on Wall Street Time Now to check what's
Speaker 1: going on in d C, where some of the top
Speaker 1: stories include Congresswoman Liz Cheney promising to keep up her
Speaker 1: fight against former President Donald Trump even after losing her
Speaker 1: Republican primary in Wyoming. Cheney was a guest on a
Speaker 1: b C S this week. I'm going to be very
Speaker 1: focused on working to ensure that we do everything we
Speaker 1: can um not to elect election deniers, and I'm going
Speaker 1: to work against those people. I'm going to work to
Speaker 1: support their opponents. I think it matters that much. Meanwhile,
Speaker 1: Democrats are feeling better about their chances in November against
Speaker 1: a growing number of pro Trump Republican opponents. Congressman Sean
Speaker 1: Patrick Maloney chairs the Democratic Campaign Arm in the House.
Speaker 1: We've been counted out for a while now, but we
Speaker 1: are having a comeback, and we have great candidates all
Speaker 1: over the country, veterans, diverse candids that look like America,
Speaker 1: that are a good fit for their district, and we're
Speaker 1: excited to share those candidates with the American people. Congressman
Speaker 1: Maloney was on NBC's Meet the Press, also making news.
Speaker 1: Education Secretary Miguel Cardona with a unique pitch for how
Speaker 1: to use federal stimulus money to address a nationwide teacher shortage.
Speaker 1: Let's use the American Rescue playing dollars to bring back
Speaker 1: retired teachers, to work with universities to make sure that
Speaker 1: our student teachers are starting a little bit earlier into
Speaker 1: their profession. Secretary Cardona was on CBSS Face the Nation,
Speaker 1: which you can hear every Sunday right here on Bloomberg
Speaker 1: Radio along with Meet the Press, and this week and
Speaker 1: now we're joined by Bloomberg Government reporter m Lee Wilkins
Speaker 1: from the nation's capital. So here we are Emily, just
Speaker 1: about less than three months from the November general election,
Speaker 1: and as we heard, they're a lot more confidence from
Speaker 1: Democrats about the opponents they're going to be up against
Speaker 1: in house races. Yeah, Democrats are killing particularly good UM.
Speaker 1: They had a couple of special elections in Nebraska and
Speaker 1: Minnesota where Republicans have won, but the margins for Democrats
Speaker 1: were a little more narrow. They did better than we
Speaker 1: thought they were going to do. And yes, while we
Speaker 1: have seen folks like Liz Cheney go ahead and lose
Speaker 1: her primary UM, there is a lot of confidence that
Speaker 1: Democrats are going to be able to pick up wins UM. Well,
Speaker 1: obviously she's a Republican, but they're Democrats are are pretty
Speaker 1: confident that they're going to be able to pick up
Speaker 1: wins in other places throughout the country, and particularly if
Speaker 1: you look at the Senate, there's a lot of confidence
Speaker 1: there just because there are a number of states where
Speaker 1: the Democratic candidate is currently leading the Republican candidate. We're
Speaker 1: looking at key states like Pennsylvania where Tom Petterman is
Speaker 1: up against Um that met Oz, as well as in
Speaker 1: Georgia where herschel Walker has really suffered the string of
Speaker 1: UM this kind of setbacks personal gas, personal history, stumbling
Speaker 1: blocks on the campaign trail, and we're also seeing some
Speaker 1: similar dynamics play out in Ohio. So there are all
Speaker 1: these key states that really could decide the makeup of
Speaker 1: the Senate, and right now it seems like Democratic candidates
Speaker 1: are are simply performing better than their Republican counterparts. What
Speaker 1: are the issues that that the parties are looking to
Speaker 1: focus on heading into November. Obviously the economy continues to
Speaker 1: be a big one. But we've got this FBI search
Speaker 1: at former President Trump's home in mar Lago, Florida, and
Speaker 1: we have Democrats looking to capitalize potentially on abortion rights.
Speaker 1: Could those be drivers as well? I think you hit
Speaker 1: the hit the now the head there, Nathan Nathan with
Speaker 1: abortion rights. I mean that is really kind of the
Speaker 1: big one, uh, that Democrats have been touting the ones
Speaker 1: that they see more movement and turn out on. Remember,
Speaker 1: a lot of the mid terms is about folks actually
Speaker 1: getting up and coming to the polls. They have to
Speaker 1: have a reason to want to do that. That's always
Speaker 1: hard for the president's party because you know, their voters
Speaker 1: look and say, well, we're in charge, but I'm probably good.
Speaker 1: I don't need to get to the bellot box today.
Speaker 1: But to have something hanging over Democratic voters with the
Speaker 1: intensity of the overturning of Roe versus Way, that is
Speaker 1: a motivator for them to get out and to go vote.
Speaker 1: And so that could definitely be something that gives Democrats
Speaker 1: a huge boost. For Republican it's inflation inflation, inflation inflation.
Speaker 1: It's very much a focus on the economy, a focus
Speaker 1: on prices. Although we'll be interesting to see, of course,
Speaker 1: what happens if some of that cooling that we began
Speaker 1: to see in July, exactly how far that goes. I mean,
Speaker 1: certainly Democrats have been now quick to push back, uh,
Speaker 1: you know, putting out the gas prices are are much
Speaker 1: lower than they were several months ago. Um, and I
Speaker 1: think even some Democrats are optimistic that they can to
Speaker 1: a certain degree run on the economy and particularly the
Speaker 1: low unemployment. One of about a minute left here, but
Speaker 1: one story that didn't make the Sunday shows was a
Speaker 1: President Biden chatting with European leaders about the Iran nuclear deal. Yeah,
Speaker 1: so Biden's focus. Top officials in Germany, France and the
Speaker 1: UK all signatorized at the original nuclear deal with Iran.
Speaker 1: Negotiations have continued on that deal and Iran has submitted
Speaker 1: a response the latest proposal that the European Union put out,
Speaker 1: and the European Union has said that that response was constructive. Now,
Speaker 1: the US has yet to weigh in on the Iranian
Speaker 1: comments on that EO proposal, um we know that they're
Speaker 1: One advisor to the Iran negotiating team says that Toron
Speaker 1: wants to ensure the US will pay a price if
Speaker 1: they withdraw again from the agreement as it did under Trump.
Speaker 1: But at this point there do seem to be some
Speaker 1: optimistic signs that they might be able to get back
Speaker 1: to an agreement on the nuclear deal. Thanks for this,
Speaker 1: Bloomberg Government reporter Emily Wilkins, and you can read more
Speaker 1: about these stories on Bloomberg dot com or on the
Speaker 1: Bloomberg terminal. Follow all the latest on Bloomberg Radio in Washington,
Speaker 1: Bloomberg and one oh five point seven FM h D two.
Speaker 1: Getting ready for the start of the trading week. Futures
Speaker 1: are moving lower. We have SMP futures right now down
Speaker 1: forty six points down, futures down two eighty seven. Nasdaq
Speaker 1: futures are lower by a hundred ninety three points. The
Speaker 1: tenure Treasury is down to thirty seconds. The yield now
Speaker 1: two point nine seven almost two point nine eight percent
Speaker 1: yield on the two year three to nine Bloomberg surveillance
Speaker 1: is straight ahead for Karen Moscow. I'm Nathan Hagar, and
Speaker 1: this is Bloomberg