Speaker 1: Line from the Bloomberg interactor Berger Studios. This is Bloomberg
Speaker 1: day Break for Thursday to seven two. Coming up this hour,
Speaker 1: Boris Johnson plans to resign as British Prime Minister. We
Speaker 1: are live in London with the very latest. It founds
Speaker 1: strengthens on the resignation news, as European stocks climb, Fed
Speaker 1: officials stick to their rate hike plan to curb inflation,
Speaker 1: and Samsung starks a rally in chip stocks. New York
Speaker 1: Mayor Eric Adams holds a roundtable discussion on city issues.
Speaker 1: Plus looking for a motive for the Island Park, Illinois shooter.
Speaker 1: I'm Michael Barr. More ahead, I'm trying to stand shower
Speaker 1: in sports, attending win for the Mets, a lopsided win
Speaker 1: for the Yankees. They make their first visit to the
Speaker 1: Red Sox tonight. That's all straded ahead on Bloomberg day
Speaker 1: Break on Bloomberg eleven Free on New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties,
Speaker 1: San Francisco, Sirius XM one nine team, and around the
Speaker 1: world on Bloomberger deal dot Com and via the Bloomberg
Speaker 1: Business Actor, and good morning. I'm Nathan Hagar and I'm
Speaker 1: Karen Moscow. US Dock Index futures on the rise this morning.
Speaker 1: We're coming up to five the one on Wall Street,
Speaker 1: and we checked the markets every fifteen minutes throughout the
Speaker 1: trading day. On Bloomberg, SNP futures up thirteen points this morning,
Speaker 1: Down futures up ninety six, and NASDAG futures up fifty five.
Speaker 1: The decks in Germany's up one point six percent. Ten
Speaker 1: year treasury down twelve thirty seconds, yield two point nine
Speaker 1: seven percent, and they yield on the two year three
Speaker 1: point oh three percent. Nine X screwed oil is up
Speaker 1: four ten percent at ninety eight dollars ninety cents a barrel. Nathan,
Speaker 1: all right, Karen, we begin this morning with breaking developments
Speaker 1: out of the UK. Time is up for Boris Johnson
Speaker 1: as we get where the prime minister is finally ready
Speaker 1: to resign. Let's go live to London and get the
Speaker 1: latest with Bloomberg's You and Potts. Good morning, you, and
Speaker 1: good morning Nathan and Karen. Boris Johnson says he's quitting
Speaker 1: as Britain's Prime minister even by we and standards has
Speaker 1: been a dramatic day on Downing Street. A snowstorm of
Speaker 1: resignations from the government at the beginning of the week
Speaker 1: became an avalanche by yesterday. In total, more than fifty
Speaker 1: ministers and aids leaving their jobs in protest. But perhaps
Speaker 1: the final blow came today when the Chance that the
Speaker 1: second most senior member of the government's only appointed to
Speaker 1: the job on Tuesday, tweeted that Boris Johnson must go now. Well,
Speaker 1: the PM is finally given into the pressure and is
Speaker 1: now preparing his resignation speech. Nathan, all right, well you
Speaker 1: and when is Boris Johnson expected to actually leave office? One?
Speaker 1: Are the next steps for the UK government? Well, today's
Speaker 1: news means that the UK is set to have its
Speaker 1: fourth leader within just six years now. Remember, the Conservative
Speaker 1: Party still has a majority in the British Parliament, so
Speaker 1: it's up to the party to choose a new leader
Speaker 1: who will then take over as the British Prime Minister.
Speaker 1: And leadership contest is set to get underway in the
Speaker 1: coming days, with the new PM likely to be in
Speaker 1: place by October. Live in London, I'm you in port
Speaker 1: spin by daybreak? How are you? And thank you? Of course,
Speaker 1: will be following this story throughout the day checking market reaction. Now,
Speaker 1: the pound strengthening on the news. It's at one point
Speaker 1: one nine is six and nine against the dollar, and
Speaker 1: stocks across Europe are rallying. The stock six hundred is
Speaker 1: up one point three percent and the foot See one
Speaker 1: hundred in London is up nine tenths per cent. Well,
Speaker 1: Britain grapples with political turmoil Karen. The war in Ukraine
Speaker 1: rages on, and now the US and its allies are
Speaker 1: firming up plans for a cap on the price of
Speaker 1: Russian oil. The goal is to limit the Kremlin's ability
Speaker 1: to finance its war. Amy Morris has the details from
Speaker 1: our Bloomberg newsroom in Washington. They're discussing a cap between
Speaker 1: forty and sixty dollars a barrel. The aim is to
Speaker 1: cut Moscow's revenue for its war in Ukraine, but the
Speaker 1: risk is that it would lead to a spike in
Speaker 1: oil prices. German Chancellor Olof Schultz accused Russia of using
Speaker 1: natural gas deliveries as a political weapon. The invasion of
Speaker 1: Ukraine has also forced several European countries to dial back
Speaker 1: their plans for decarbonization so they can compensate for those
Speaker 1: cuts and Russian fuel supplies. In Washington, I'm anymore at
Speaker 1: Bloomberg Daybreak. All right, Amy, thank you, and turning to
Speaker 1: the economy now. Investors are still reacting to yesterday's Fed minutes,
Speaker 1: and they're also looking ahead to tomorrow's jobs report to
Speaker 1: get the details. Live with the Bloomberg's John Tucker, John,
Speaker 1: Good morning, Karen. Minutes from the Fed show central bank
Speaker 1: officials solidified the resolved to keep raising interest rates for longer.
Speaker 1: They viewed maintaining the central banks credibility to control inflation
Speaker 1: as critical. That his investors still betting the Fed will
Speaker 1: hike by seventy five basis points later this month. Meantime,
Speaker 1: economists forecast US employers added the fewest jobs in over
Speaker 1: a year in June, but they say that expended slowdown
Speaker 1: isn't too concerning just yet. The jobs report from the
Speaker 1: Labor Department expected to show the unemployment rate remaining at
Speaker 1: an historically low level. Live in New York, I'm John Tucker,
Speaker 1: Bloomberg Daybreak. All right, John, Thanks, talk about an economy
Speaker 1: of a difference sort Now, billionaires and high fires from
Speaker 1: the tech and media worlds are all in sun Valley, Idaho,
Speaker 1: for the annual Allen and Company conference. Bloomberg's Ed Ludlow
Speaker 1: is there too and found this report. A lot of
Speaker 1: the big picture macro items are what a top of mind.
Speaker 1: There are discussions around inflation, recession risk, the volatility that
Speaker 1: we've seen in public equity markets, the rundown evaluations that
Speaker 1: we've seen in both public and private markets. But behind
Speaker 1: closed doors, all of these high fliers were also talking
Speaker 1: about a number of societal issues, ranging from gun control
Speaker 1: to recent decisions by the Supreme Court. They're also discussing
Speaker 1: issues of climate change. No site yet of Elon Musk,
Speaker 1: the world's richest man, is coming to some valley, according
Speaker 1: to sources. Ed Ludlow for Bloomberg News in Sun Valley, Idaho, Alhead.
Speaker 1: As you mentioned, we're learning now Elon Musk is expected
Speaker 1: to speak at the conference. That's expected on the final
Speaker 1: day this Saturday. Well, staying with tech, Nathan, we have
Speaker 1: news on Apple. Bloomberg News has learned the company is
Speaker 1: planning an extreme sports watch. They get the latest live
Speaker 1: with the Bloomberg's Rnida Young. Good morning, Rinda, Good morning
Speaker 1: carry Bloomberg. Sources say Apple's new smart watch will be
Speaker 1: the largest display it's released to date, with a bigger
Speaker 1: battery and a rugged metal casing, and it's geared toward
Speaker 1: extreme sports athletes. Apple could use the largest green area
Speaker 1: to show more fitness metrics or information on watch faces
Speaker 1: at one time. The company plans to announce the new watch,
Speaker 1: along with two other models later this year. Live in
Speaker 1: New York. I'm gonna need a Young Bloomberg daybreak, all right,
Speaker 1: we need to thank you. Chip stocks are higher this
Speaker 1: morning thanks to Samsung Electronics, South Korea's largest company, reported
Speaker 1: a better than anticipated twenty one percent jump in revenue.
Speaker 1: In that report is soothing investors worst fears about the
Speaker 1: impact of weakening consumer demand and soaring materials costs on
Speaker 1: the billion dollar chip industry, and deal news Nathan the
Speaker 1: Wall Street Journal are reporting Murcus and talks to acquire
Speaker 1: biotech company Cgen. The papers said that del could be
Speaker 1: worth about forty billion dollars. Cegen shares are up six
Speaker 1: percent in early trading, and shoes of Game Stopper up
Speaker 1: ten percent in the pre market. Care in that company
Speaker 1: became the poster child for so called meme stocks, of course,
Speaker 1: and now it's announced stay four to one stock split
Speaker 1: in the form of a dividend. SMP futures are up
Speaker 1: nine points, staff futures up seventy four nanstack futures up
Speaker 1: forty five points. Send your treasuries down ten thirty seconds,
Speaker 1: the yield two point nine six percent. Straight ahead, local
Speaker 1: headlines and a check of sports. This is Bloomberg. Man.
Speaker 1: It's now five oh seven on Wall Street, where it's
Speaker 1: seventy two degrees in Central Park. Already got an accident
Speaker 1: southbound New York State through A before exit fifteen A.
Speaker 1: We'll get the details in traffic. First. Michael Barr with
Speaker 1: what else is going on in New York and around
Speaker 1: the world. Good morning, Michael, Good morning, Nathan. New York
Speaker 1: Mayor Eric Adams held a brown table style meeting involving
Speaker 1: community groups and the NYPD. Adams was asked about the
Speaker 1: problem of abuse of landlords in the city. We're going
Speaker 1: to go back and see how we use the Human
Speaker 1: Rights Division, the Police Department of DA's office to target
Speaker 1: those who arrests who are harassing older adults, because you know,
Speaker 1: it's it's against the law to illegally vet, it's against
Speaker 1: the law to harass, and I don't think there's enough
Speaker 1: attention on zero and on those bad acting on landlords.
Speaker 1: Hey Randams dealt with a range of issues from oversight
Speaker 1: of homeless shelters and budget. Mayor Adams said the police
Speaker 1: budget remained flat. Can't live in a city where young
Speaker 1: people pick up a gun faster that they can get
Speaker 1: an iPad. Days after a rooftop gunmen killed seven people
Speaker 1: at the Chicago area Fourth of July parade, attention has
Speaker 1: turned to how the assailant obtained multiple guns. Authorities say
Speaker 1: Robert Kremo, the third confessed to the killings. Highland Park
Speaker 1: Police Chief Lou Jugman says he's quote disappointed that more
Speaker 1: couldn't have been done to prevent Cremo from getting his
Speaker 1: hands on a gun, but he believes his department did
Speaker 1: all it could. Given the constraints of what we have
Speaker 1: in place, there is only so much the police department
Speaker 1: can do. We have a social worker on board, you know,
Speaker 1: we do what we can ve. Jogman says Cremo was
Speaker 1: heading to Madison, Wisconsin to carry out another attack, but
Speaker 1: changed his mind. W n B A Star Britney Grinder's
Speaker 1: drug trial resumes today in Russia, where she's being held
Speaker 1: since February. The White House says President Biden and Vice
Speaker 1: President Harris have called Grinder's wife directly to reassure her
Speaker 1: that he's working to secure Brittney's release as soon as possible. Memhile,
Speaker 1: friends and family of Brittany Grinder held a rally and
Speaker 1: Phoenix to show support for the w n B. A
Speaker 1: star at the rally, Grinder's wife, sharel asked supporters to
Speaker 1: keep pressure on the administration to get Brittney released. Let's
Speaker 1: make sure this administration knows that they have our support
Speaker 1: to do whatever is necessary, and that we are not
Speaker 1: going to ever be quiet until she's home safely. Cherrelle
Speaker 1: Grinder says she has frustrated that her wife is not
Speaker 1: going to get justice. Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quicktake, powered by more
Speaker 1: than seven hundred journalists and analysts in more than a
Speaker 1: twenty countries. I'm Michael barn This is Bloomberg. Nathan. All right, Michael,
Speaker 1: thank you, coming up to five ten on Wall Street
Speaker 1: time for the Bloomberg Sports Update. Welcome back John Sasha Ranks, Nathan,
Speaker 1: Matt's have to be encouraged about the return of Max
Speaker 1: Scherz or Jacob Gra'm getting closer. But as they trailed
Speaker 1: in Cincinnati, they might have taken a peek in the
Speaker 1: scoreboard and scene Atlanta leading yet again. It was looking
Speaker 1: like the red hot Braids when closed within a game
Speaker 1: and a half of a mett rally a game sorry
Speaker 1: no RBI double starling marked a ninth inning. They went
Speaker 1: to the tent on one pitch demo trills it deep
Speaker 1: to right field toward the seats. N went back at
Speaker 1: defense here with a free run homer. But that's a
Speaker 1: broken the game open in the top of the ten
Speaker 1: y It's eight to three. It was the final WCBS
Speaker 1: ad at the Braves blank the Cardinals three nothing there
Speaker 1: twenty six and seven. In their last thirty three games.
Speaker 1: The Met leaders two and a half. As they host
Speaker 1: Miami tonight. Monday, the Mets visit Atlanta. Yankees tonight make
Speaker 1: their first visit of the season to Boston. They'll seek
Speaker 1: their sixty win in Fittzburg avoided what would have been
Speaker 1: just their second three game losing speaking the season, wallop
Speaker 1: the Pirates sixteen enough. In twenty two. Yankee had seven
Speaker 1: home runs, including Aaron Judges thirty if it was a
Speaker 1: grand stam and came off Many. Banuelos, who was a
Speaker 1: Yankee until just a few days ago, ed Wimbledon one,
Speaker 1: a match Raffield that al took off an abdominal injury,
Speaker 1: came from two sets to one down one a fifth
Speaker 1: set tiebreaker with American Taylor. Fritz d Dal says he's
Speaker 1: not sure he'll be healthy enough to play his semifinal
Speaker 1: match tomorrow with the Austine Nick Herrios women's semifinals. For today,
Speaker 1: Baker Mayfield and Sam Donald were taking first and third
Speaker 1: overall in the two thousand and eight teen draft didn't
Speaker 1: work out for either one. The Browns have traded Mayfield
Speaker 1: to Carolina, and he'll now be Donald's teammate. John stash
Speaker 1: Award Bloomberg sports stad all right, John thank USMP futures
Speaker 1: up thirteen points, steps up a hundred five Nanstack futures
Speaker 1: up sixty. The British pound strengthening at a one point
Speaker 1: one six eight against the dollar. Bloomberg's Lizzie Burden joins
Speaker 1: US next on Boris Johnson resigning Bloomberg eleven three oh
Speaker 1: Weather mostly cloudy if you afternoon showers possible to high
Speaker 1: near eighty degrees. More showers likely tomorrow with low eighties
Speaker 1: for highs. Will be in the sunshine by Saturday. Right
Speaker 1: now seventy two in Central Park Markets, headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot com
Speaker 1: for the Bloomberg Business at and at Bloomberg Quicktake. This
Speaker 1: is a Bloomberg Business Flash and I'm Karen Moscow. You
Speaker 1: must not in next. Future is on the rise this
Speaker 1: morning at softer oil prices and a weeker dollar signal.
Speaker 1: Fears about inflation and the pace of monetary tightening or
Speaker 1: fading the US to contend, your yield curve remains inverted
Speaker 1: for a third day. We checked the markets every fifteen
Speaker 1: minutes throughout the trading day. On Bloomberg s and T
Speaker 1: futures up thirteen points this morning. Down futures have one
Speaker 1: eleven and nowsday future is up sixty one. The decks
Speaker 1: in Germany is up one point eight percent. In the
Speaker 1: foot Sea one hundred up one point to percent ten.
Speaker 1: Your treasury down twelve thirty seconds. He had two point
Speaker 1: nine seven percent. They yield on a two year three
Speaker 1: point oh two percent. Nimex screwed oils up tenth of
Speaker 1: upper center fourteen cents and ninety eight dollars sixty five
Speaker 1: cents of barrel comex Schold up three tenths per cent
Speaker 1: or five dollars twenty cents at seventeen forty one sixty
Speaker 1: announced the euro one point o one nine four against
Speaker 1: the dollar. British found one point one nine seven three
Speaker 1: and the end is at one thirty six point one four.
Speaker 1: Look at it bitcoin this morning, it's up half percent
Speaker 1: at twenty thousand, four hundred eighty dollars. That's a Bloomberg
Speaker 1: business flash. Now here's Michael Barr with more and what's
Speaker 1: going on around the world. Muchael, Thank you very much, Karen.
Speaker 1: British Prime Minister Boris Johnson has agreed to resign. Johnson
Speaker 1: and buff calls bias cabinet to step down in the
Speaker 1: wake of ethics scandals. He gave in after more than
Speaker 1: forty ministers quit his government and told him to go.
Speaker 1: We'll have more on the Johnson story in a few moments.
Speaker 1: In baseball, the Yankees know what for and why whipping
Speaker 1: on the Pirates sixteen nothing. The Mets also won the
Speaker 1: Nationals Orioles and Giants won. The Red Sox lost along
Speaker 1: with the a's global news twenty four hours a day
Speaker 1: on here and on Bloomberg Quittake, powered by more than
Speaker 1: journalists and analysts more than twenty countries. I'm Michael Barr,
Speaker 1: and this is Bloomberg. Nathan alright, Michael, thank you. It's
Speaker 1: five nineteen on Wall Street, live from the Bloomberg Intteractive
Speaker 1: Broker Studios. This is Bloomberg Daybreak, and speaking of what
Speaker 1: for and why whippings, Boris Johnson is now finally planning
Speaker 1: to resign after a wave of resignations that made the
Speaker 1: last forty eight hours very tough to keep up with
Speaker 1: in terms of UK politics. Luckily, we have Bloomberg's Lizzie
Speaker 1: Burden back with us this morning outside number ten Downing Street,
Speaker 1: where she's been keeping post over the last couple of
Speaker 1: days here watching all that's been happening. Lizzie. I've got
Speaker 1: to think it's been feeling like swimming against a flood,
Speaker 1: just trying to keep up with all that's going on.
Speaker 1: And now we have what looks like the then you
Speaker 1: are here. Perhaps it has and let me tell you,
Speaker 1: last night it seemed inevitable that Boris Johnson was going
Speaker 1: to resign, and we waited and waited and nothing came.
Speaker 1: Then when I arrived in Downing Street this morning, we
Speaker 1: weren't sure if anything was going to happen. It was
Speaker 1: very quiet, and then the staffers started arriving, and then
Speaker 1: the cars started moving, and then now I could tell
Speaker 1: you it's absolutely heaving in the press area with cameras
Speaker 1: from all over the world. We're expecting to hear from
Speaker 1: Boris Johnson by noon London time. There's no podium out
Speaker 1: yet in front of Number ten, but the tone of
Speaker 1: the speech will be fascinating. Remember his predecessor to reason
Speaker 1: May was in tears when she resigned. There are twindows twitching,
Speaker 1: curtains twitching across the street of people trying to buy
Speaker 1: for the best spot to watch, because what's happened is
Speaker 1: the usual Number ten meeting. This morning has resulted in
Speaker 1: Johnson's core team telling him that he had to go.
Speaker 1: There was a letter from his chancellor, Nadine Zahawi, who's
Speaker 1: been appointed. He's been in posed less than twenty fourty
Speaker 1: eight hours and he's told Johnson to resign. There's been
Speaker 1: an unprecedented wave of resignations, almost a third of the government,
Speaker 1: leaving it in para paralysis, and it just seemed increasingly inevitable.
Speaker 1: After the pest Minster as it's called, sex scandals, the
Speaker 1: party gate crisis, the cost of living crisis, it's all
Speaker 1: mounted up and it now seems finally it's going to
Speaker 1: be cursins for Boris Johnson. And as you mentioned, we
Speaker 1: are expecting this resignation speech in less than two hours time.
Speaker 1: Here we've been told Lizzie that Boris Johnson is planning
Speaker 1: to stay on as a caretaker leader until the next
Speaker 1: Prime Minister is chosen by the Conservative Party. Can he
Speaker 1: stay on that long given that so many of his
Speaker 1: own party members of jump ship. Well, we're hearing already
Speaker 1: pushed back from MPs on that point breaking line that
Speaker 1: Quasi Kuakeng is saying that we need to find a
Speaker 1: new leader as soon as reasonably practicable. One MP said
Speaker 1: that there needs to be an abrupt holt to the
Speaker 1: Johnson's poison and that the Deputy Prime Minister, Dominic Robb
Speaker 1: should step in. Remember, if you think about Boris Johnson's
Speaker 1: time in office at the moment, it would be one thousand,
Speaker 1: sev days. His predecessor, to reason May was in for
Speaker 1: one thousand, one hundred and six days, so he'd have
Speaker 1: a short tenure than May if he leaves now, but
Speaker 1: not if he stays on as a caretaker. But in
Speaker 1: any case, it's a humiliating end to a political career
Speaker 1: of someone who only three years ago one of the
Speaker 1: biggest landslide since Margaret Thatcher. As you mentioned, though, it's
Speaker 1: a short tenure. But it's been like scandal after scandal
Speaker 1: after scandal for this Prime minister. I'm curious why this
Speaker 1: last scandal involving Chris Pincher seems to be the one
Speaker 1: that was the final straw for so many MPs. Well,
Speaker 1: it started with the resignation of Satage Other, the Health Secretary,
Speaker 1: and that was quickly followed i think ten minutes later
Speaker 1: by that of the Chancellor x now ex Chancel and
Speaker 1: now Rischie Sunac, and in their resignation letters it's focused
Speaker 1: on integrity that they couldn't defend this the government line
Speaker 1: on the Chris Pincher affair any longer, and that has
Speaker 1: been the case for other MPs as well. Rischie Sunac,
Speaker 1: though in his letter, also pointed out his fundamental differences
Speaker 1: from Boris Johnson on his handling of the economy. He
Speaker 1: couldn't stay on board with Boris Johnson's boosts. He said
Speaker 1: in the letter. If it sounds too good to be true,
Speaker 1: it probably is. So it would be interesting to see
Speaker 1: of the people put the MPs who put themselves forward
Speaker 1: to replace Boris Johnson, what their economic offerings will be
Speaker 1: because we're in the middle of a cost of living
Speaker 1: crisis in the UK. Inflation set to hit double digits
Speaker 1: in the fall, so economics is going to be crucial
Speaker 1: on It's going to be very interesting to see who
Speaker 1: continues to jockey for position. Now what comes next after
Speaker 1: Boris Johnson. Lizzie Burden Bloomberg News corresponded with us this
Speaker 1: morning once again outside number ten Downing Street. Will be
Speaker 1: looking for more of your coverage throughout the day and
Speaker 1: for Boris Johnson's resignation speech. As Lizzie mentioned, that's expected
Speaker 1: around noon UK time, that's seven am Wall Street time.
Speaker 1: We will of course bring you live coverage right here
Speaker 1: on Bloomberg Radio. Looking ahead to the market open on
Speaker 1: Wall Street, futures are moving a touch higher. SMP futures
Speaker 1: right now, we're up twelve points down, futures up a
Speaker 1: hundred nine. NESTACS futures are higher by fifty three points.
Speaker 1: We are seeing some strong gains for European equities. The
Speaker 1: German decks up one and three quarters percent, the foot
Speaker 1: see in London up one point two percent. Tenure Treasury
Speaker 1: back here in the US down twelve thirty seconds. The
Speaker 1: deal two potent British pound strengthening this morning one point
Speaker 1: one four against the dollar. You're listening to Bloomberg day Break.
Speaker 1: Good morning, Bloomberg, eleven three oh weather mostly cloudy today,
Speaker 1: maybe a few afternoon showers will get up to near
Speaker 1: eighty degrees. More showers likely tomorrow, low eighties, mostly sunny
Speaker 1: for Saturday. Right now seventy two and cloudy in Central Park.
Speaker 1: Broadcasting live from the Bloomberg Interactive Broker Studio in New York,
Speaker 1: Bloomberg in Living Free to Washington, d C. Bloomberg to Boston,
Speaker 1: Bloomberg one O six one to San Francisco, Bloomberg, N'm
Speaker 1: sixty to the country, Sirius XM Gentle one nine ten,
Speaker 1: and around the globe to the Bloomberg Business and Bloomberg
Speaker 1: Radio dot Com. This is Bloomberg Daybreak. It's five thirty
Speaker 1: on Wall Street. Good morning. I'm Nathan Haggert and I'm
Speaker 1: Karen mons Gall we are just about four hours away
Speaker 1: from the open the US trading. Let's get you up
Speaker 1: to date on the news you need to know at
Speaker 1: this hour. Beginning with breaking news out of the UK,
Speaker 1: Boris Johnson will resign as Prime Minister following numerous scandals
Speaker 1: and intense pushback from his government. Bloomberg's Lizzie Burden has
Speaker 1: the latest from ten Downing Street resignations had mounds heads.
Speaker 1: More than almost a third of the government quit their
Speaker 1: jobs because of Johnson's integrity over the Chris Pincher affairs, humbling,
Speaker 1: the cost on living crisis, the party Gate scandal. It
Speaker 1: had all been building and government was paralyzed. So Johnson,
Speaker 1: it seems, can do it no longer. And Bloomberg's Lizzie
Speaker 1: Burden says Johnson plans to stay on as caretaker leader
Speaker 1: until October where awaiting a formal statement from Johnson. Will
Speaker 1: bring that to you live when it happens right here
Speaker 1: on Bloomberg Radio. There. Thanks for that, Karen. We'll back
Speaker 1: here in the US, the focus is on the economy
Speaker 1: as investors react to yesterday's FED minutes. Bloomberg's John Tucker
Speaker 1: joins the slide with that Good morning, John, Good morning Nathan.
Speaker 1: The minute show policy makers will probably de were another
Speaker 1: big interest rate hike later this month. Investors bet it
Speaker 1: will be seventy five basis points. Inflation was referenced ninety
Speaker 1: times in the meeting. Despite all the worry about an
Speaker 1: economic downturn, there were no mentions of recession. Meantime, the
Speaker 1: jobs report from the Labor Department tomorrow expected to show
Speaker 1: employers and the fewest jobs in over a year. In
Speaker 1: June Live in New York, I'm John Soccer Bloomberg Radio.
Speaker 1: All right, John, thank you, And now an economy of
Speaker 1: a different story. Billionaires and high flyers and tech and
Speaker 1: media are discussing political and economic issues at the Allen
Speaker 1: and Company conference in Sun Valley, Idaho. We're told test
Speaker 1: La CEO Elon Maski is expected to speak on the
Speaker 1: final day of the conference this Saturday. And sticking with
Speaker 1: the tech them, Karen Bloomberg News has learned Apples planning
Speaker 1: an extreme sports watch. Bloomberg's Radia Young joins US Live
Speaker 1: with more on that. Good morning, Radina, Good morning, Nathan. Bloomberg.
Speaker 1: Sources say Apple's new smart watch will be the largest
Speaker 1: display it's released to date. With a bigger battery and
Speaker 1: a rugged metal casing. And it's scared toward extreme sports athletes. Now,
Speaker 1: Apple could use the large your screen area to show
Speaker 1: more fitness metrics or information on watch faces at one time.
Speaker 1: The company plans to announce the new watch, along with
Speaker 1: two other models later this year. Live in New York,
Speaker 1: I'm rened to Young Bloomberg daybreak, All right, reneded, thank you,
Speaker 1: And futures are higher this morning. S ANDP futures up
Speaker 1: eleven points and down futures up one nine NASTAGG futures
Speaker 1: at forty five and a ten year treasury down twelve
Speaker 1: thirty seconds held two point nine seven percent. They yield
Speaker 1: on the two year three point oh three percent. Try
Speaker 1: to hand your latest local headlines plus a check of sports.
Speaker 1: And this is Bloomberg. All right, Kent, thank you. It's
Speaker 1: five thirty three on Wall Street. We're at seventy two
Speaker 1: degrees in Central Park. Still dealing with an accident on
Speaker 1: the South Bend New York State three Wiggs at fifteen
Speaker 1: A details coming up in traffic. First Michael Barr with
Speaker 1: more on what's going on in New York and around
Speaker 1: the world. Michael, thank you very much. Nathan. New York
Speaker 1: Mayor Eric Adams held around table style discussion involving community
Speaker 1: groups and the NYPD. Mayor Adam is dealt with a
Speaker 1: range of issues from oversight of homeless shelters and the budget.
Speaker 1: When you look at this budget and the amount of
Speaker 1: money we allocated to unprecedented resources go into children and families,
Speaker 1: uh the increase dollar amount in the reduced Fair Metro
Speaker 1: Card program never before numbers were reached. Mayor Adams said
Speaker 1: the police budget remained flat. We can't live in a
Speaker 1: city where young people pick up a gun faster than
Speaker 1: they can get an iPad. Prosecutors in Illinois say the
Speaker 1: twenty one year old man accused of killing seven people
Speaker 1: at the Fourth of July parade in Highland Park and
Speaker 1: fast to the shooting. After being taken into custody, the
Speaker 1: suspect made his first court appearance by video. The attorney
Speaker 1: for the accused shooters mother and father says his clients
Speaker 1: are hurting too. Steve Greenberg, representing Robert cream O, the
Speaker 1: third's parents, spoke to w LSTV. They faced charges. They'll
Speaker 1: deal with charges when it happens. Their concern is helping
Speaker 1: the community to heal and helping everyone to figure out
Speaker 1: how to keep this from happening again. Attorney Steve Greenberg.
Speaker 1: Illinois State Police say there will be criminal investigations into
Speaker 1: the culpability of the father because he sponsored the application
Speaker 1: for his son's twenty twenty firearm permit. Friends and fans
Speaker 1: of Britney Grinder held a rally and Phoenix to show
Speaker 1: support for the w n B. A star who has
Speaker 1: been detained in Russia since February. Day two of her
Speaker 1: drug trail near Moscow, is today. Former White House Council
Speaker 1: under President Trump Pat Sipaloni is expected to testify under
Speaker 1: subpoena before the House January six Committee Tomorrow. Sipolonia will
Speaker 1: speak to the panel behind closed doors. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than twenty seven journalists and analysts more
Speaker 1: than a hundred twenty countries. Michael Barr and this is Bloomberg. Nathan,
Speaker 1: all right, Michael, thank you on Wall Street. Time for
Speaker 1: the Bloomberg Sports Update with John Sharon. Alright, Nathan Yankees
Speaker 1: unaccusted or losing two games in a row, weren't about
Speaker 1: to drop a third strate A sixteen to nothing round
Speaker 1: in Pittsburgh. They scored eleven over their last two at
Speaker 1: fact Yankee hits six home runs, Aaron Judge in his
Speaker 1: thirty it was a Grand Slam in the eighth and
Speaker 1: ain't Aaron Hicks at a Grand Slam of the ninth.
Speaker 1: Yanks have not played the Red Sox in at the
Speaker 1: opening series of the season that was in New York. Finally,
Speaker 1: their first trip to Fenway tonight start the four game series.
Speaker 1: How Steinbrenner met the media in Pittsburgh. He says there
Speaker 1: will be no contract talks with Judge until after the season.
Speaker 1: Says he has no regrets about the offer they've made
Speaker 1: that Judd rejected Mets one in Cincinnati eight to three, tennings,
Speaker 1: They tied the game of the ninth, didn't take their
Speaker 1: first lead until the tenth. Brandon Nimbo put it away
Speaker 1: with a three mon homer Atlanta one again the Brave
Speaker 1: State two and a half game behind. Raphael and All
Speaker 1: admits his family was trying to encourage him to quit
Speaker 1: his quarter final match at Wimbledon with American Taylor Fritz.
Speaker 1: He was battling and abdominantly injury. It at alst get
Speaker 1: out and sure enough won the last two sets, the
Speaker 1: fifth set in the tiebreaker to retired uh In the
Speaker 1: me that loved the match. It's not easy even if
Speaker 1: I had that idea or such a long time. But no, Hunt,
Speaker 1: I do a couple of times in my tennis career
Speaker 1: is something that I I hate to do it. He
Speaker 1: hopes to recover for tomorrows semifinal. Matt with the aussee
Speaker 1: Nick Kurios. The Cleveland Browns had already moved on from
Speaker 1: Baker Mayfield, bringing in to Shawn Watson. They traded Mayfield
Speaker 1: first overall pick of the twenty eighteen draft, to Carolina,
Speaker 1: where will apparently battle Sam Donald. He was the third
Speaker 1: pick of that same draft. John stash, they weren't Bloomberg
Speaker 1: Sports all right, John. Thanks, It's five thirty seven on
Speaker 1: Wall Street. Time for the Tri State Business Report. Here's Bloomberg,
Speaker 1: said Corey. The U S Transportation Department is awarded sixteen
Speaker 1: coveted flight slots at Newark International just Spirit Airlines, denying
Speaker 1: requests by rival's Jet Blue in Alaska air The government
Speaker 1: says Spirit is most likely to provide the lowest fares
Speaker 1: to the most consumers. Construction of a new Hudson River
Speaker 1: Rail tunnel connecting New York City and New Jersey has
Speaker 1: taken another step forward. Both states governors have announced a
Speaker 1: memorandum of understanding with the Port Authority of New York
Speaker 1: and New Jersey on financing for the Gateway tunnel and
Speaker 1: the Portal Bridge replacement. The m t A is selling
Speaker 1: seven hundred million dollars in bonds backed by New York
Speaker 1: City's sales tax revenue as the largest mass transit system
Speaker 1: in the US looks to attract investors worried about low
Speaker 1: ridership levels on subways, commuter trains, and buses. It's the
Speaker 1: first time the agency is borrowing against sales tax receipts.
Speaker 1: That's your Bloomberg Tries State Business Report. I'm Ed Corey.
Speaker 1: Thanks that It's five thirty 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: Corney Donahoe on ktr H in Houston. Chelsea is a
Speaker 1: one billion dollar gain and it's We're finding business in
Speaker 1: the most routsent quarter. On Gina Servetti and for w
Speaker 1: c c O in Minneapolis. I'm reporting that three m
Speaker 1: have reached an agreement in Belgium to clean up so
Speaker 1: called Forever Chemicals, but the deal does not release the
Speaker 1: company from future responsibility. I'm LISAMATHEO and on KMOX and St. Louis.
Speaker 1: I'll be reporting on a new gadget for extreme sports fans.
Speaker 1: I'm Stephen Carol on Bloomberg d A B Digital Radio
Speaker 1: and London. We've been reporting on Boris Johnson's last hours
Speaker 1: as Prime Minister. He'll now resign after an avalanche of
Speaker 1: his minister's question I'm Ed Corey on w w J
Speaker 1: in Detroit. I'm reporting Michigan gave General Motors pre point
Speaker 1: eight billion dollars in tax credits in the wake of
Speaker 1: its bankruptcy. And those are some of the stories our
Speaker 1: twenty seven hundred Bloomberg journalists and analyst organ on this morning.
Speaker 1: It's five thirty nine on Wall Street. The following is
Speaker 1: an editorial from Bloomberg Opinion. With each passing day, the
Speaker 1: brave new world of crypto currencies is looking more like
Speaker 1: the perilous old world of Wall Street. Circa nine. Supposedly
Speaker 1: stable investments are proving to be anything but tillions of
Speaker 1: dollars in virtual wealth have vanished. Their right response is relief,
Speaker 1: relief that things didn't get even worse. Rarely has a
Speaker 1: crisis been so well timed. Crypto managed to boom and
Speaker 1: crash before it became too connected to the broader financial system.
Speaker 1: The damage has been limited mostly to those who, despite
Speaker 1: ample warning, chose to get involved. There's no need for
Speaker 1: emergency intervention. On the contrary, the bubble's deflation affords regulators
Speaker 1: and investors a unique opportunity to reflect. Unlessons learned, Perhaps
Speaker 1: the speculative frenzy surrounding crypto will give way to the
Speaker 1: development of truly valuable applications. For the time being, though,
Speaker 1: it's better to keep a safe distance. This editorial was
Speaker 1: written by the Bloomberg Opinion Editorial Board. I'm David Shipley.
Speaker 1: For more Bloomberg opinion, please go to Bloomberg dot com,
Speaker 1: Slush Opinion or opion. Go on the Bloomberg terminal. This
Speaker 1: has been Bloomberg Opinion. Listen for Bloomberg opinion editorials every
Speaker 1: week at this time. Terminal customers can read more at
Speaker 1: O P I n go SMP futures up eleven points,
Speaker 1: Staff futures up a hundred eleven INSTECT futures up forty
Speaker 1: seven points in the tenure treasury yield right now two
Speaker 1: point nine seven. This is Bloomberg Bloomberg eleven three oh
Speaker 1: Weather mostly cloudy, a few afternoon showers possible, going up
Speaker 1: to near eighty degrees low eighties, with more showers likely tomorrow.
Speaker 1: Sunshine low eighties for Saturday. Right now seventy two in
Speaker 1: Central Park Markets. Headlines and breaking news twenty four hours
Speaker 1: a day at Bloomberg dot com for the Bloomberg Business
Speaker 1: at and at Bloomberg Quick Tape is a Bloomberg Business
Speaker 1: blash and I'm Karen Moscow us on Index futures are
Speaker 1: on the rise this morning as fears about inflation in
Speaker 1: the face of mont a tightening or fading. The foot
Speaker 1: see one hundred in London is higher following news Boris
Speaker 1: Johnson plans to resign as UK Prime Minister and the
Speaker 1: US to and ten Your yield curve remains inverted for
Speaker 1: a third day. We checked the markets every fifteen minutes
Speaker 1: throughout the trading day on Bloomberg s and p futures
Speaker 1: up ten points this morning, down futures of a hundred
Speaker 1: three now's day futures up thirty nine. The foot see
Speaker 1: one hundred is up one point two percent, The ten
Speaker 1: year Treasury down eleven thirty seconds, yield two point nine
Speaker 1: six percent. Yield on a two year three point two percent.
Speaker 1: Nine X Screwed oil is up about one point one percent,
Speaker 1: up a dollar three at ninety nine dollars fifty five
Speaker 1: cents in barrel comics school that four ten percent or
Speaker 1: six dollars seventy cents is seventeen forty three twenty announced.
Speaker 1: The euro one point two oh five against the dollar,
Speaker 1: British round one point one nine nine three and the
Speaker 1: end at one thirties six point oh seven. And Bitcoin
Speaker 1: this morning is moving higher, up about one percent at
Speaker 1: twenty thousand, five hundred seventy dollars. That's at Bloomberg Business Flash. Now,
Speaker 1: here's Michael bar with Moore on what's going on around
Speaker 1: the world. Michael Karen, thank you very much, as we've
Speaker 1: been made eining all this morning. UK Prime Minister Boris
Speaker 1: Johnson plans to resign, according to officials familiar with his thinking,
Speaker 1: following an unprecedented wave of resignations from his government over
Speaker 1: the past two days. Treasury Chief not him Zahabi told
Speaker 1: the Prime Minister to resign for the good of the country.
Speaker 1: Will have more on the Johnson resignation in a few moments.
Speaker 1: In baseball, the Yankees put on What four and Why,
Speaker 1: whipping on the Pirate sixteen nothing. The Mets also won
Speaker 1: the Nationals Orioles and Giants won. The Red Sox lost.
Speaker 1: Along with the a's Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quicktake, powered by more
Speaker 1: than twenty seven under journalist analysts in more than a
Speaker 1: hundred twenty countries, I'm Michael Barr, and this is Bloomberg. Nathan. Hi, Michael,
Speaker 1: thank you for coming up to five on Wall Street
Speaker 1: ten forty nine in London, live from the Bloomberg Interactive
Speaker 1: Broker Studios. This is Bloomberg Daybreak and Bloomberg's Lizzie Burden
Speaker 1: joins us once again from outside number ten Downing Street
Speaker 1: as we continue our coverage of reports said Boris Johnson
Speaker 1: will resign as UK Prime Minister and make that announcement
Speaker 1: later today. Lizzie, thanks for being back with us. For
Speaker 1: those who may have just joined us, can you get
Speaker 1: us up to speed on what got us to this
Speaker 1: point because there have been so many developments over just
Speaker 1: the last couple of hours. Yeah. Well, in the last
Speaker 1: couple of hours we've seen the cars arriving, the cameras
Speaker 1: and now the clowds are developing beyond the gates of
Speaker 1: Downing Street because we're expecting to hear from Boris Johnson
Speaker 1: in the next few hours. There's no podium in front
Speaker 1: of Number ten yet, but he'll be interesting to hear
Speaker 1: the tone of his resignation speech. Remember Theresa May, his predecessor,
Speaker 1: was teary. But finally we're at the point where Boris
Speaker 1: Johnson is handing in his resignation after an unprecedented wave
Speaker 1: of resignations from his government. It was in it was paralyzed.
Speaker 1: About a third of the government had quit and those
Speaker 1: resignations keep on coming. It seems that the lesson from
Speaker 1: his chancellor, newly appointed Chancellor A. Deeza Harwe, was one
Speaker 1: of the things that pushed Boris Johnson to the edge.
Speaker 1: Uh just telling Boris Johnson to resign, but it had
Speaker 1: seemed increasingly inevitable. We've had the recent Chris Pincher, a
Speaker 1: bear the latest chapter in the Peasants sex scandal, Party Gate,
Speaker 1: the crisis that saw Boris Johnson the first sitting prime
Speaker 1: ministers to be found to have broken the law and
Speaker 1: on top of that the cost of living crisis in
Speaker 1: the UK were expecting to see inflation hitting double digits
Speaker 1: in the four So this is finally the moment where
Speaker 1: Boris Johnson is it seems to be decided to call
Speaker 1: it Curtains. Yeah, and it looks as though this will
Speaker 1: be the final resignation of this wave and it's going
Speaker 1: to set up a new leadership election. Lizzie, how's that
Speaker 1: going to work? Well, it's in two stages and it
Speaker 1: takes several months. The first stage is the shortlisting stage
Speaker 1: where mp put their own names into the hats and
Speaker 1: over several rounds Tory MP for whittle that lifts down
Speaker 1: to two the ideas to keep out the extreme names.
Speaker 1: And then the second stage is it goes to the
Speaker 1: grass troops members to move it down just to one
Speaker 1: name on who gets picked. But the time scales breach
Speaker 1: of those stages are set up by the nineteen twenty
Speaker 1: two Committee of Conservatives Backbenches and if it takes till
Speaker 1: October to find a new leader. That would only leave
Speaker 1: them fourteen months to set a new agenda before a
Speaker 1: general election. But whoever takes over doing so in a
Speaker 1: time of absolute crisis, economic undue political. So I have
Speaker 1: to think then that there's probably already some jockey and
Speaker 1: going on behind the scenes members of the Conservative Party
Speaker 1: looking to firm up support. Who are we hearing in
Speaker 1: terms of names of people who are thinking of taking
Speaker 1: over as prime minister now? Well, in a way you
Speaker 1: could split the candidates into those who quit and those
Speaker 1: who stayed till the end. Those who quit include a
Speaker 1: Rishi Soon actss former Chancellor and Sage Javit, the former
Speaker 1: Health secretary, strong hint around their statements and letters of resignation. Uh.
Speaker 1: Then there are those who stayed to the end, like
Speaker 1: Liz trust for Foreign Secretary here and she's coming back
Speaker 1: from G twenty meeting in Indonesia. Also Ben Wallace Defense Secretary.
Speaker 1: But they they're on the one hand, those who've stayed
Speaker 1: seemed to be tarnished by the proximity to Boris Johnson.
Speaker 1: But for lots of Tory Party members, those who've left
Speaker 1: will seem to have betrayed Boris Johnson. So we'll see
Speaker 1: how the grassroots vote, but their economics could be key,
Speaker 1: as I say, were in the midst of a cost
Speaker 1: of living crisis. But then those with military links military
Speaker 1: backgrounds could also started a good chance because of course
Speaker 1: we have the war in Ukraine going on as well.
Speaker 1: Bloomberg's Lizzie Burton, thanks again for being with us this
Speaker 1: morning from outside Number ten Downing Street, as we await
Speaker 1: that resignation speech. We are expecting it later today from
Speaker 1: UK Prime Minister Boris Johnson, and this headline just across
Speaker 1: the Bloomberg terminal, Sky News is reporting that that speech
Speaker 1: is expect did around mid day, so it could be
Speaker 1: coming in the next couple of hours. Here, of course,
Speaker 1: we will have it for you live here on Bloomberg Radio.
Speaker 1: In the meantime, we want to get to look at
Speaker 1: some of the market reaction here. For that, we're pleased
Speaker 1: to be joined now by St. Dwack, chief investment officer
Speaker 1: at Flow Bank. St. Good morning. I'm sure you saw
Speaker 1: on your terminal the spike in the pound on the
Speaker 1: news that Boris Johnson plans to resign. What are you
Speaker 1: looking for in terms of market reaction to what's happening
Speaker 1: in the UK. Good morning. Absolutely, we've seen a small
Speaker 1: move in the pound, but clearly upwards. Uh. The pound
Speaker 1: is usually the best barometer of what's happening in the
Speaker 1: UK because UK stalks tend to react more with global
Speaker 1: stocks and they'll react a little bit less to the politics,
Speaker 1: so that the pound is really the good indicator to
Speaker 1: keep an eye on. Still a lot of uncertainty, I think, Uh,
Speaker 1: the speech that's coming up is going to be the
Speaker 1: first step that he is actually resigned ing um, so
Speaker 1: that'll be good for the markets. And then still a
Speaker 1: bit of uncertainty because in the best case scenario it
Speaker 1: looks like we're talking about October, so it's still a
Speaker 1: few months with a lot of resignations. And of course
Speaker 1: the backdrop in the UK isn't fantastic, right you have
Speaker 1: this very high risk of recession, extremely high inflation, a
Speaker 1: difficult conundrum for the central bank, possibly even worse than
Speaker 1: in some of the other regions. So the view for
Speaker 1: the pound is is certainly an improvement if you have
Speaker 1: less uncertainty, if you have someone who might be a
Speaker 1: little more euro friendly, but was still a lot of
Speaker 1: work to go before it can recover significantly. Obviously, the
Speaker 1: dynamics in the UK are are somewhat different from what
Speaker 1: we see in the U S. But Lizzie mentioned a
Speaker 1: housing crisis in the UK, and we have inflation concerns here,
Speaker 1: possibility of recession. We heard from the Fed yesterday in
Speaker 1: the Minutes the resolve to keep raising interest rates to
Speaker 1: cool inflation. What does that mean for investors? I think
Speaker 1: you have to take yesterday's minutes with a little bit
Speaker 1: of a grain assault, just because, uh, there's a few
Speaker 1: weeks old, right, and we know that at the FED meeting,
Speaker 1: there was the May CPI that's surprised to the upside.
Speaker 1: There was the University of Michigan inflation expectations that has
Speaker 1: been revised down since. And we've seen a couple of
Speaker 1: data points showing that a few maybe the beginning of
Speaker 1: cracks in the economy and certainly some disinflationary pressures that
Speaker 1: should be coming through relatively quickly, including commodity prices. So
Speaker 1: we know the Fed is going to continue to talk tough,
Speaker 1: They're probably going to continue to act tough. I think
Speaker 1: you could have almost a dovish fifty basis points, uh,
Speaker 1: depending on the June CPI that comes out next week.
Speaker 1: But we'll still have to probably get through the summer
Speaker 1: before you have enough data points both on inflation and
Speaker 1: on growth for the FED to not be I'd say
Speaker 1: only focus on inflation and to maybe realize that inflation
Speaker 1: is coming down and they've already tight and quite significantly.
Speaker 1: I'm not calling for a pause, but at least an
Speaker 1: acknowledgement of an evolving situation compared to this spring. Are
Speaker 1: going to get another big backward looking data point tomorrow
Speaker 1: with the June jobs report. What's your expectation there and
Speaker 1: what could that mean for the Fed? We've only got
Speaker 1: about a minute left here. Well, it's one of those
Speaker 1: you want it to be soft but not too soft.
Speaker 1: You don't want to have recession fears with too bad
Speaker 1: a print, but you don't want it to be too
Speaker 1: high and then have those FED expectations rise again in
Speaker 1: terms of tightening. So it's a fine line to thread,
Speaker 1: but I do think it will be slightly on the
Speaker 1: softer side, even though there is quite a bit of
Speaker 1: a cushion before you start see really disappointing news in
Speaker 1: terms of the US labor market. As always, thanks for
Speaker 1: giving us your insights. SD really appreciated. St dwag is
Speaker 1: chief investment officer at Flow Bank. As we take a
Speaker 1: look at a market that's uh poised for gains for
Speaker 1: equity investors, particularly in Europe. This morning, right now on
Speaker 1: Wall Street, SMP futures are up seven points. That's a
Speaker 1: game of about two tenths percent down futures are hired
Speaker 1: by eighty points, NASTAC futures up thirty points. Look at
Speaker 1: the docks in Germany, it's top about one and a
Speaker 1: half percent. So it's the catc in Paris and the
Speaker 1: foot scene London hired by one point two percent. Ten.
Speaker 1: Your treasuries down ten thirty seconds, the yield two point
Speaker 1: nine six percent. We have inversion between the two's and tens.
Speaker 1: The two year yield is above three at three point
Speaker 1: zero three percent. Nim X screws up three quarters per cent,
Speaker 1: or seventy three cents, ninety nine dollars, twenty six cents
Speaker 1: of barrel, just shy of a hundred, and the British
Speaker 1: clown one point one nine nine zero against the dollar.
Speaker 1: Bloomberg Day Break continues on this Thursday morning. This is
Speaker 1: Bloomberg