Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg
Speaker 1: day Break for Wednesday, June eight two. Coming up this hour,
Speaker 1: key primary results are in from California and New Jersey.
Speaker 1: We're live with the latest chorus. Johnson plans legislation to
Speaker 1: override parts of the Brexit deal. Credit sweet shares plunge
Speaker 1: after warning of a second quarter loss, and new developments
Speaker 1: this morning involving Elon Musk and Twitter controversy over a
Speaker 1: planned New York City event with Florida Governor de Santis,
Speaker 1: plus a New Jersey mayor says the American Dream mall
Speaker 1: Owes his city millions. Michael Barre more ahead, I'm John
Speaker 1: Stage and Swards Champa. Maybe if the Rangers to tie
Speaker 1: up the series at two, the Yankees one at Minnesota,
Speaker 1: the Mets will shut out to San Diego. That's alls
Speaker 1: tradit head on Bloomberg day Break on Bloomberg he Live
Speaker 1: in freon New York, Bloomberg one, Washington, d C, Bloomberg
Speaker 1: one oh six one, Boston, Bloomberg nine sixties and Francisco
Speaker 1: Sirius XM one nineteen and around the world on Bloomberg
Speaker 1: Radio dot Com and via the Bloomberg Business. Good morning,
Speaker 1: I'm Nathan Hager, I'm any Morris. Bloomberg Daybreak is brought
Speaker 1: to you by being Wide Melon Pershing's Inside conference back
Speaker 1: in person June fift through the seventeenth that the Gay
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Speaker 1: and watching futures move lower. On this Wednesday morning, it
Speaker 1: is six oh one on Wall Street. We checked the
Speaker 1: markets every fifteen minutes during the trading day. On Bloomberg.
Speaker 1: SFP futures are down seventeen points. Staff futures down a
Speaker 1: D fifty five. Nastack futures are lower by thirty eight points.
Speaker 1: The tenure treasuries down eight thirty seconds for a yield
Speaker 1: of three percent. Amy well more on the markets in
Speaker 1: a moment. We begin with primarias across seven states last night,
Speaker 1: starting in California, San Francisco, residents took to the polls
Speaker 1: to ausked Progressive District Attorney Jason Buddin. Voters were not
Speaker 1: asked to choose between criminal justice reform and something else.
Speaker 1: They were given an opportunity to voice their frustration and
Speaker 1: their outrage, and they took that opportunity. Jason Boudein's recall
Speaker 1: election turned into a heated campaign, dividing Democrats. Boodins sought
Speaker 1: criminal justice reform, critics panded him is far too lenient
Speaker 1: on crime. He addressed his supporters after his defeat. I
Speaker 1: want to be very clear about what happened tonight. The
Speaker 1: right wing billionaires outspent us three to one. They exploited
Speaker 1: an environment in which people are appropriately upset. San Francisco
Speaker 1: District Attorney Jason Budein will be replaced by an interim
Speaker 1: dh chosen by San Francisco Mayor London Breed. Also in California,
Speaker 1: amy Governor Gavin knew Some cruise to an easy victory.
Speaker 1: He'll advance to November election. In Los Angeles, public safety
Speaker 1: is also a key issue in that city's mayoral race.
Speaker 1: Billionaire real estate developer Rick Caruso and California Representative Karen
Speaker 1: Bass are headed for a runoff after yesterday's primary. In
Speaker 1: other states, congressional race has served as yet another measure
Speaker 1: of former President Donald Trump's influence over the GOP. Bloomberg
Speaker 1: Michael Barr joins US Live with more on primary results.
Speaker 1: In New Jersey, Good Morning, Michael, Good Morning, Nathan. A
Speaker 1: dozen U s OL seats are being contested in New Jersey.
Speaker 1: They were several GOP candidates who followed Donald Trump's brand. However,
Speaker 1: in New Jersey, only two of the twelve member delegation
Speaker 1: are Republicans. In the second district, incumbent Jeff Van Drew
Speaker 1: won the GOP primary with six percent. Van Drew face
Speaker 1: Democrat Tim Alexander, who got sixty two percent. In the
Speaker 1: fourth district, incumbent Republican Chris Smith won with fifty eight
Speaker 1: percent of the vote. Smith will face Democrat Matthew Jenkins,
Speaker 1: who ran unopposed. In the seventh district, Republican Thomas Kane Jr.
Speaker 1: Received forty six percent. He'll face incumbent Democrat Tom Malinowski,
Speaker 1: who got pent of the vote. In New York, Michael
Speaker 1: Barr Bloomberg Day Break, Alright, Michael, thank you. And five
Speaker 1: other states held primaries South Dakota, Mississippi, New Mexico, Iowa,
Speaker 1: and Montana. Incumbents mostly staved off challenges from other candidates
Speaker 1: during the Politics Overseas Now Amy. After winning a confidence
Speaker 1: vote this week, UK Prime Minister Boris Johnson plans to
Speaker 1: press ahead with legislation, it's likely to anger some of
Speaker 1: his political allies. Bloombergs you and Pots joins us from
Speaker 1: London with the latest. Good morning you, and good morning
Speaker 1: Nathan and Amy. Back to work for Boris Johnson is
Speaker 1: less than two days since the UK Prime Minister narrowly
Speaker 1: survived the confidence votes among his Conservative Party colleagues. Now
Speaker 1: Bloomberg understands that Johnson is pressing ahead with divisive plans
Speaker 1: on the Northern Ireland Protocol. The legislation is likely to
Speaker 1: give ministers the power to UNI actually rewrite post brexit
Speaker 1: trading rules the European Union as will and the move
Speaker 1: could leave to a suspension of the UK's trade deal.
Speaker 1: In London, I'm you and part spoon book daybreak, Thank
Speaker 1: you you, and turning to the market's US futures are
Speaker 1: down this morning after yesterday's broad based rally. Sentiment remains
Speaker 1: fragile amid concerns interest rates will need to go hire
Speaker 1: to rein in inflation. However, Pimco portfolio manager Aaron Brown
Speaker 1: says easing supply pressures could temper aggressiveness from central banks
Speaker 1: as we start to seeing more chips supply. As we
Speaker 1: start to see you know less of this demand for goods.
Speaker 1: We do think that you will start to see inflation
Speaker 1: peak and then ultimately start to roll over. Aaron Brown
Speaker 1: of pimcosa as waning supply team disruptions leave her cautiously
Speaker 1: optimistic about markets well in Asia, Amy China's tech stock
Speaker 1: saw big john The government's late dispatch of new game
Speaker 1: approvals bolstered bets of the industry's business outlook is on
Speaker 1: the end. Bloomberg's Juliette Sally has more. From Singapore, thew
Speaker 1: Hang sing Tech index rose to a two month high.
Speaker 1: A sentiment was bolsted that authorities are moving towards policy normalization,
Speaker 1: but the contrarian who called China's tech routes says the
Speaker 1: sector is still a cell. Dizzy Banks Manuel Mural, writing
Speaker 1: he feels reports regulators are preparing to wrap up a
Speaker 1: probe into d D a premature. Elsewhere, continued weakness in
Speaker 1: the yend saw Japanese equities rise and Australian stocks recouped
Speaker 1: some of Tuesday's losses. Short dated Indian bonds rallied, with
Speaker 1: the four year yield dropping twelve basis points as India's
Speaker 1: Central Bank in the jumbo rate high club in Singapore,
Speaker 1: Juliette Sale, bloom Big Daybreak, Thank Juliette, and Europe credits
Speaker 1: We shares are down more than five percent. The Swisslander
Speaker 1: expects the laws at the group wide level and investment
Speaker 1: bank in the second quarter. Credits We says market conditions
Speaker 1: have remained challenging after the invasion of Ukraine and monetary
Speaker 1: tightening around the world. Now, the Corporate News amy there
Speaker 1: is new uncertainty surrounding the Elon Musk Twitter deal. Bloomberg's
Speaker 1: Nita Young joins US Live with more on that. Good Morning,
Speaker 1: Good Morning, Nathan. Elon Musk's attempts to get new funding
Speaker 1: to take Twitter private are now on hold, and it's
Speaker 1: because of uncertainty surrounding the deal. That's according to Reuters,
Speaker 1: who reports conversations have halted with private equity firms, including
Speaker 1: Apollo Global Management, until there's clarity about the future of
Speaker 1: the acquisition. Musk has been trying to reduce his thirty
Speaker 1: three point five billion dollar cash contribution to the forty
Speaker 1: four billion dollar deal by preferred equity financing. Meantime, he's
Speaker 1: also threatened to back away from the deal if Twitter
Speaker 1: cannot prove less than five percent of its use. There's
Speaker 1: our bots live in New York. I'm really need a
Speaker 1: young Bloomberg daybreak. Okay, we need to thanks SMP. Futures
Speaker 1: now down twenty points down, Futures down a hundred sixty four, nastack,
Speaker 1: futures are lowered by fifty two points ten. Your treasury
Speaker 1: down seven thirty seconds for a yield of three percent.
Speaker 1: Straight ahead, your latest local headlines, and a check of sports.
Speaker 1: This is Bloomberg. Thank you, Nathan. It is six oh
Speaker 1: seven on Wall Street. Let's bring in Michael Barrow will
Speaker 1: find out what else is going on in New York
Speaker 1: and around the world. Good morning, Michael, Good morning Amy.
Speaker 1: New York lawmakers called on the Chelsea Piers Entertainment Center
Speaker 1: to canceled an upcoming event that includes Florida government around
Speaker 1: the Santis, saying his parents would be an insult to
Speaker 1: the city's LGBTQ community. According to an online event scheduled
Speaker 1: to Scantists, a Republican and potential twenty four presidential candidate,
Speaker 1: we'll discuss the Florida model and why it's good for
Speaker 1: religious Americans on June twelve. At the Jewish Leadership Conference.
Speaker 1: Critics specifically signed at the Florida law to sant To
Speaker 1: sign that restricts classroom instruction about sexual orientation and gender
Speaker 1: identity for children in kindergarten through third grade. Is the
Speaker 1: Senate getting closer to a compromise on gun safety Bloomberg's
Speaker 1: aid Baxter reports Senator Chris Murphy is telling President Joe
Speaker 1: Biden every day we get closer to an agreement, not
Speaker 1: further away, and House Minority Leader Mitch McConnell is being
Speaker 1: very careful about commenting. I don't want to speculate about
Speaker 1: how many of my members might support it, So Majority
Speaker 1: Leader Chuck Schumer says it will need those votes. We
Speaker 1: don't just need thoughts and prayers. We need votes. We
Speaker 1: need action. We need at least ten Republicans who are
Speaker 1: willing to say yes. But the hope is closer in
Speaker 1: San Francisco. I'm at Baxter Bloomberg gaybreak. It comes as
Speaker 1: actor Matthew McConaughey made a plead of Washington d c.
Speaker 1: To make changes to gun laws now. The Uvaldy, Texas
Speaker 1: native visited his hometown the day after the massacre at
Speaker 1: an elementary school that left nineteen children and two of
Speaker 1: their teachers dead. He spoke to the White House Press Briefing,
Speaker 1: calling out any legislators who are hedging on change. We
Speaker 1: start right now by voting to pass policies that can
Speaker 1: keep us from having as many Columbines, Sandy Hooks, Parklands,
Speaker 1: Las Vegas is Buffaloes and you Valdies. From here on,
Speaker 1: McConaughey called on lawmakers to rise above politics American dream.
Speaker 1: The five billion dollars super mall in New Jersey isn't
Speaker 1: only in hock to bond holders. The mayor of East
Speaker 1: Rutherford says the shopping and entertainment complex owes the borough
Speaker 1: between five point five million and six million dollars. Jeffrey
Speaker 1: Lawholier says the mall, which is in the meadow Land
Speaker 1: Sports Complex, has failed to make payments in lieu of
Speaker 1: property taxes. Global News twenty four hours a day on
Speaker 1: air and on Bloomberg Quicktake, powered by more than twenty
Speaker 1: seven hundred journalists and analysts more than a hundred twenty countries.
Speaker 1: Michael Barr and this is Bloomberg. Ain't all right? Thank you? Michael.
Speaker 1: It's six in on Wall Street. Time now for the
Speaker 1: Bloomburgh Sports Update with John stash Our Amy The Rangers
Speaker 1: have gotten to this point two wins from playing for
Speaker 1: the Stanley Cup, winning only twice on the road. They
Speaker 1: won the two road games they had to win or
Speaker 1: their season would be over. Game six in Pittsburgh, Game
Speaker 1: seventh Carolina, but they've lost the other seven on the road.
Speaker 1: Tampa Bay took last night's game four, four to one,
Speaker 1: and the East Finals are tied at too Only Ranger
Speaker 1: goal came late from Martimi Fanarin. It was on the
Speaker 1: power play. Rangers never scored in the two games at
Speaker 1: Tampa at even strength. The good news they're coming home
Speaker 1: where they've won eight in a row. Game five tomorrow
Speaker 1: night at MSG. Game three the NBA Finals tonight in
Speaker 1: Boston Celtics Warriors tied at one win of the year
Speaker 1: for the Yankees with an occurrence early on. It has
Speaker 1: now happened twenty two times. The field and Buxton back,
Speaker 1: He's on the track, he's on the wall. She's gone
Speaker 1: over the Centerville wall. I judge in blast, but he
Speaker 1: is something Aaron Judge, Hey all rod a and twenty
Speaker 1: two homers for Judge. That's five more than anyone else
Speaker 1: in baseball. That game first standing with a man on
Speaker 1: John Carlos Fanton hit his twelve also in the first
Speaker 1: and then in the seventh three runch shot far Anthony
Speaker 1: Rizzo is fourteen. Yanks beat the Twins ten to four.
Speaker 1: They are forty and fifteen. They won seven a row.
Speaker 1: Mets lost in San Diego seven up. He managed only
Speaker 1: only two hits up the podres you Darvish the Red
Speaker 1: Sox one in tennants. They sent the Angels to a
Speaker 1: club record thirteen bloss in a row, and the Angels
Speaker 1: have fired their manager. Sixty eight year old Joe Madden,
Speaker 1: who has been managing the majors the last seventeen years,
Speaker 1: want to pen up with Tampa Bay, of course, won
Speaker 1: a World Series with the Cups. Just Dash Award Bloomberg
Speaker 1: Sports Team, all right, thank you, John checking Futures now
Speaker 1: s and P Futures down nineteen points, del Futures down
Speaker 1: one sixty nastat Features down forty nine and a half point.
Speaker 1: It's much more still to come on this Wednesday morning
Speaker 1: on Bloomberg Break Daybreak, Stay with us. This is Bloomberg.
Speaker 1: Bloomberg Daybreak is brought to you by Hafster University's Frank G.
Speaker 1: Zarb School of Business is ourb Executive NBA is built
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Speaker 1: grad markets headlines and breaking news twenty four hours a day,
Speaker 1: at Bloomberg dot com, the Bloomberg Business at and at
Speaker 1: Bloomberg Quicktape Truth He's a Bloomberg Business Flash. I'm Nathan Hagar.
Speaker 1: US futures are falling along with European stocks. SMP and
Speaker 1: nastack futures both slipping, signaling a pause following two days
Speaker 1: of gains, with persistent worries about inflation and measures about
Speaker 1: avengngers by central banks to rein it. In weighing on
Speaker 1: this market, we check the numbers for you every fifteen
Speaker 1: minutes during the trading down Bloomberg Right now, spf utuers
Speaker 1: are down twenty points, Staff futures down a hundred sixty six,
Speaker 1: nast deck futures lowered by fifty two points. Germany's decks
Speaker 1: down a half percent. The CACK in Paris is lowered
Speaker 1: by seven tenths of one percent. To foot Sea in
Speaker 1: London down three tenths per cent. To tell your treasury
Speaker 1: is down eight thirty seconds for a yield of three
Speaker 1: percent yield on the two year two point seven four percent.
Speaker 1: Nime X Screwed is up one and a quarter percent
Speaker 1: of a dollar fifty and a hundred twenty dollars ninety
Speaker 1: one cents for a barrel of West Texas Intermediate crewed
Speaker 1: comics called Little Changed up twenty cents at eighteen fifty
Speaker 1: two thirty announced. The Euro is at one point zero
Speaker 1: seven two zero against the dollar, British pound one point
Speaker 1: one five three eight. The end is at one thirty
Speaker 1: three point seven six Bitcoin trading around thirty thousand, four
Speaker 1: hundred dollars. That's a Bloomberg business flash. Now here's Michael
Speaker 1: Barr with more on what's going on around the world.
Speaker 1: Michael Nathan, thank you very much. Democratic US representative Karen
Speaker 1: Bass and billionaire developer Rick Caruso Breeze passed a large
Speaker 1: field of rivals looking to be the next mayor of
Speaker 1: Los Angeles in advanced to a runoff election in November.
Speaker 1: Bass is poised to come the first woman to hold
Speaker 1: the job in the nation's second most populous city. The
Speaker 1: winner in November will replace outgoing mayor Eric Carr. City
Speaker 1: in the NHL East find All the Rangers lost to
Speaker 1: the Lightning for one, the series now tied at two
Speaker 1: games apiece. In baseball, the Yankees one, the Mets lost,
Speaker 1: the Red Soxcen Orioles were winners. The Nationals lost, along
Speaker 1: with the A's and Giants. 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 a hundred twenty countries. Michael Barr and this is
Speaker 1: Bloomberg any all right? Thank you, Michael. It is six
Speaker 1: nineteen on Wall Street where live from the Bloomberg Interactive
Speaker 1: Broker Studios on Bloomberg Daybreak. Getting word this morning, UK
Speaker 1: Prime Minister Boris Johnson plans to press ahead with legislation
Speaker 1: giving him the power to override parts of the Brexit deal.
Speaker 1: Joining us now to talk about this, Bloomberg's Lizzie Burden
Speaker 1: joining us live from London. Lizzie, thank you for taking
Speaker 1: the time with this this morning. Let's talk about what
Speaker 1: Boris Johnson is doing. He barely survived that confidence vote
Speaker 1: ear Yer this week that left him weakend, So what
Speaker 1: might this do to his political standing? This seems risky, Hiami, Yeah,
Speaker 1: of course it appears appeases the pro Brexit vote within
Speaker 1: the Conservative Party, and there's this huge rush to get
Speaker 1: something done because they want to appease the pro unionist
Speaker 1: Democratic Unionist Party in Northern Ireland and restore the region's
Speaker 1: power sharing executive. But it is very, very risky at home.
Speaker 1: The former UK Treasury Minister Jesse Norman has warned that
Speaker 1: if you rip up the Northern Ireland Protocol it would
Speaker 1: be economically damaging, politically foolhardy, these are his words, and
Speaker 1: almost certainly illegal. And then internationally, Boris Johnson's predecessor as
Speaker 1: Prime Minister, Theresa May, has warned that since it was
Speaker 1: Johnson who signed the Northern Ireland Protocol, if he rips
Speaker 1: it up, then other countries are going to question Britain's integrity.
Speaker 1: So it's risky at a time when Johnson has just
Speaker 1: clipped clung on through a vote in which forty of
Speaker 1: his MPs had declared that they lost infidence in him. Lizzy,
Speaker 1: is it possible that this is an attempt to divert
Speaker 1: attention away from those other issues. Well, you could argue
Speaker 1: that this is Boris Johnson trying to show that he's
Speaker 1: moving on, even though some of the Tory press have
Speaker 1: called the vote on Monday a hollow victory. But on
Speaker 1: the other hand, I would question where this is coming from.
Speaker 1: My reading is that it's driven by the Foreign Office
Speaker 1: more than Number ten, and this is the Foreign Secretary
Speaker 1: lest trust showing the Conservative base that even though once
Speaker 1: upon a time she was a remainer, she's willing to
Speaker 1: stand up to Brussels and that would help her if
Speaker 1: and when a leadership election comes and she's one of
Speaker 1: the top names on the runners and riders lists that
Speaker 1: are circulating. And I just want to build on something
Speaker 1: you said that there's timing here seems significant. He's doing
Speaker 1: this very quickly after that confidence vote because any delay
Speaker 1: might make him look weaker, right, Yeah, Well, officials signaled
Speaker 1: last months that the government was looking at the fortnight
Speaker 1: after June the six to introduce some legislation like this,
Speaker 1: So a delay beyond that window would bolster the impression
Speaker 1: that legislating has been made more difficult by the vote.
Speaker 1: But this is exactly where a question whether this is
Speaker 1: more driven by the Foreign Office than Number ten. The
Speaker 1: timing is is a huge gamble for Johnson at risks
Speaker 1: dividing the Conservatives even more because while it plays to
Speaker 1: the pro Brexit wing, is going to stir the pro
Speaker 1: EU rebels that voted against Johnson on Monday, and Brussel
Speaker 1: isn't likely to be in the mood to compromise when
Speaker 1: Johnson appears weakened, and if the EU retaliates with a
Speaker 1: trade war, it's only going to add to the cost
Speaker 1: of living crisis in Britain. Oh, there are so many
Speaker 1: different angles to this, and you mentioned the European Union,
Speaker 1: So what is that response likely to be? What moves
Speaker 1: could they make in response to this? Well, the EU
Speaker 1: said that if Johnson unilaterally rips up the Northern Island
Speaker 1: Protocol then British scientists will be locked out of this
Speaker 1: Horizon europe Research project, and the UK Scienceman has gone
Speaker 1: to Brussels today to try and rescue those programs because
Speaker 1: he says they're nothing to do with the Brexit trade deal.
Speaker 1: And then in terms of individual member states, Ireland has
Speaker 1: accused Johnson of acting in bad faith. And don't forget
Speaker 1: that none of this makes the prospects for a UK
Speaker 1: US trade deal any rosier. That's another angle that I
Speaker 1: had not even considered. Your absolutely right about that. So
Speaker 1: considering all of these different angles. How far is this
Speaker 1: bill expected to get would it even make it through? Well,
Speaker 1: it's going to be a huge uphill battle. It could
Speaker 1: be presented to the House of Commond as soon as tomorrow,
Speaker 1: as I say, the delays would underscore Johnson's weakness, but
Speaker 1: it wouldn't likely enter law until next year because it
Speaker 1: needs to also pass through the upper chamber, the House
Speaker 1: of Lords, where it will face even more opposition because
Speaker 1: it's a little more pro eu in there. So let's
Speaker 1: get into the tax news from Rishie soonak is this
Speaker 1: Rishie making his fitch to take over that top job.
Speaker 1: We've got about a half a minute here, Yeah, well sooner.
Speaker 1: It is promising to cut taxes his next budget in
Speaker 1: the autumn. It focuses on businesses. The question is whether
Speaker 1: there's going to be more help for households in the
Speaker 1: form of personal tax cuts. But there's always a benefit
Speaker 1: for any wanna be Tory leader to appearing to be
Speaker 1: the tax cutting out to Margaret Thatcher. But given he's
Speaker 1: already introduced a wind full tax on energy companies, he's
Speaker 1: got a lot of ground to claw back on that front.
Speaker 1: All Right, we're gonna be watching this with you, Lizzie,
Speaker 1: Thank you so much. Bloomberg's that Lizzie Burden joining us
Speaker 1: live from London, talking about Boris Johnson's latest move trying
Speaker 1: to move on Brexit and and possibly tear out parts
Speaker 1: of that deal. We're watching it with you. Checking the
Speaker 1: markets now. SMP futures down at twenty, Dow futures down
Speaker 1: one seventy two, NASDAC features down fifty five. Much more
Speaker 1: stealth to come on Bloomberg Daybreak. We'll check more markets
Speaker 1: and bringing the latest news in business, economics and finance.
Speaker 1: This is Bloomberg. Bloomberg Daybreak, brought to you by the
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Speaker 1: XM chad A one nine teen and around the globe.
Speaker 1: The Bloomberg Business and Bloomberg Radio dot com. This is
Speaker 1: Bloomberg Daybreak. It's six thirty on Wall Street. Good Wednesday morning.
Speaker 1: I'm Amy Morris and I'm Nathan Hager. We're just about
Speaker 1: three hours away from the open of US training. Time
Speaker 1: for the five Things you need to know to start
Speaker 1: your day, brought to you by Interactive Brokers. Investment Advisors
Speaker 1: switched to Interactive Brokers for lowest cost global training and
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Speaker 1: your interests at i b k R dot com slash
Speaker 1: r I a of first results from some key primary races.
Speaker 1: Last night, Democratic representative Karen Bass and billionaire developer Rick
Speaker 1: Caruso breezed past a large field of rivals looking to
Speaker 1: be the next mayor of Los Angeles. They advanced to
Speaker 1: a runoff election in November. The winner will replace outgoing
Speaker 1: Mayor Eric Garcetti. And San Francisco residents voted to recall
Speaker 1: progressive district Attorney Chase of Booting. Booting tried to reform
Speaker 1: the criminal justice system, and critics accused him of being
Speaker 1: too soft on crime. We've made mistakes, We've learned a lot,
Speaker 1: and I am so unbelievably appreciative about those voting favor
Speaker 1: to Austin Bootine. He'll be replaced by an interim district
Speaker 1: attorney chosen by Mayor London. Breed will have the latest
Speaker 1: on the New Jersey primaries. Just a minute, all right, Amy,
Speaker 1: But first, in UK politics, Bloomberg News has learned Prime
Speaker 1: in Sir Boris Johnson will go ahead with legislation to
Speaker 1: override parts of the Brexit deal that risks in flaming
Speaker 1: tensions with members of his Conservative Party and the European Union.
Speaker 1: Turning to the market's US futures lower following back to
Speaker 1: back games for the SMB five In Europe, shares of
Speaker 1: Credit Suite are down almost five percent. The Swiss Lander
Speaker 1: expects a loss at the group wide level and investment
Speaker 1: bank in the second quarter, and there's no uncertainty this morning, Amy,
Speaker 1: surrounding the Elon Musk Twitter deal. Bloomberg's Ranita Young joins
Speaker 1: US Live with more on that. Good morning, Ranita, Good morning, Nathan.
Speaker 1: Elon Musk's attempts to get new funding to take Twitter
Speaker 1: private are now on hold, and it's because of uncertainty
Speaker 1: surrounding the deal. That's according to Reuters who reports conversations
Speaker 1: have halted with private equity firms, including Apollo Global Management,
Speaker 1: until there's clarity about the future of the acquisition. Now
Speaker 1: Musk has been trying to reduce his thirty three point
Speaker 1: five billion dollar cash contribution to the forty four billion
Speaker 1: dollar deal by preferred equity financing. Meantime, He's also threatened
Speaker 1: to back away from a deal if Twitter cannot prove
Speaker 1: less than five percent of its users or bots live
Speaker 1: in New York. I'm gonna need a young Bloomberg day break.
Speaker 1: All right, We need to thank you, and that's the
Speaker 1: five things you need to know to start your day,
Speaker 1: brought to you by Interactive Brokers. Futures moving lower. We
Speaker 1: got SMP futures downtown twenty one point, staff futures down
Speaker 1: a D eighty NASTAC futures lower by fifty seven points.
Speaker 1: Those are drops of a half percent across the board
Speaker 1: for equity futures. Send your treasuries down nine thirty seconds
Speaker 1: for yield of three percent. Yield on the two year
Speaker 1: two point seven four percent, straight ahead your latest local
Speaker 1: headlines in the check of sports. This is Bloomberg, all right,
Speaker 1: Thank you. Nathan sixty three now on Wall Street. Let's
Speaker 1: bring in Michael bar to tell us what else is
Speaker 1: going on in New York and around the world. Good morning, Michael,
Speaker 1: Good morning Amy. A dozen US House seats are being
Speaker 1: contested in New Jersey. There were several GOP candidates who
Speaker 1: followed Donald Trump's brand. However, in New Jersey, only two
Speaker 1: out of the twelve member delegation are Republicans. In the
Speaker 1: second district in come At, Jeff Andrew won the GOP
Speaker 1: primary with eight six percent. And Andrew will face Democrat
Speaker 1: Tim Alexander got In the fourth district, incumbent Republican and
Speaker 1: Chris Smith one with eight percent of the vote. Smith
Speaker 1: will face Democrat Matthew Jenkins, who ran unopposed. New York
Speaker 1: lawmakers called on the Chelsea Piers Entertainment Center to cancel
Speaker 1: an upcoming event that includes Florida government around the Santis,
Speaker 1: saying his parents would be an insult to the city's
Speaker 1: LGBTQ community. The House Oversight Committee is set to here
Speaker 1: testimony today from survivors of mass shootings and the families
Speaker 1: of victims. Senate Minority Leader Mitch McConnell is privately expressed
Speaker 1: in openness to raising the age limit to buy an
Speaker 1: assault rifle from eighteen to twenty one, but McConnell has
Speaker 1: not pushed for any specific policy. Is way too soon
Speaker 1: to start predicting how many are going to vote for it.
Speaker 1: We don't have an agreement yet, and so I don't
Speaker 1: want to speculate about how many of my members might
Speaker 1: support it. McConnell has not publicly said where he stands
Speaker 1: on raising the age requirement. Majority Leader Chuck Schumer says
Speaker 1: he expects a vote in the near future. Democrats are
Speaker 1: ready to take good, strong action, and every member of
Speaker 1: this Chamber is going to have to answer the question,
Speaker 1: can we actually get something real done? Senator Schumer says
Speaker 1: they need ten Republicans to vote for approval. Mr Matthew
Speaker 1: McConaughey is calling from Washington, d See to make changes
Speaker 1: to gun laws. He spoke to White House reporters, calling
Speaker 1: out any legislators who are hedging on change. Can both
Speaker 1: sides see beyond the political problem at hand and admit
Speaker 1: that we have a life preservation problem on our hands.
Speaker 1: Matthew McConaughey, a native of you Valdi, Texas, visited his
Speaker 1: hometown the day after the massacre in an elementary school
Speaker 1: that left nineteen children and two of their teachers dead.
Speaker 1: The mayor of East Rutherford, New Jersey says the American
Speaker 1: Dream Mall owes the borough about six million dollars. Mayor
Speaker 1: Jeffrey Lahollier says the five billion dollars super mall located
Speaker 1: in Meadowlands Sports Complex has failed to make payments in
Speaker 1: lieu of property taxes. Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quick Take, powered by
Speaker 1: more than seven hundred journalists and analysts more than a
Speaker 1: hundred twenty countries. Michael bar this is Bloomberg Gaming. All right,
Speaker 1: Thank you, Michael six on Wall Street Time Now for
Speaker 1: the Bloomberg Sports update. Here's John stash Our Sady home
Speaker 1: ice kids sin used to mean a lot of the
Speaker 1: Stanley Cup. Last Rangers played that series with Carolina where
Speaker 1: the road team didn't win until Game seven. The Hurricanes
Speaker 1: had played in an earlier series with Boston where the
Speaker 1: home team won all seven and now four games into
Speaker 1: the East Finals, Rangers in Tampa Bay tied into both,
Speaker 1: winning twice at home. Game four or they go over
Speaker 1: the Lightnings pat maroon and then second period Tampa stored again.
Speaker 1: Good Brow the other way, bounces it to the lightning line,
Speaker 1: quick up, root up for work, a lot up the middle,
Speaker 1: coup drop, maybe a step in front hole shoot up
Speaker 1: f l a Stephen Stamp Coast School. A third period
Speaker 1: late goal for the Rangers are Timmy Panerin on the
Speaker 1: power player. The Rangers have gone eighty six minutes without
Speaker 1: a goal. Andre Pelotte empty it at the end. Tampa
Speaker 1: Bay won four one thirty four stays for Andre b Celeski.
Speaker 1: The Rangers hoping the home cooking continues. If they keep
Speaker 1: winning at the Garden, where they've won eight in a row,
Speaker 1: they'll win the series. Game five tomorrow. NBA Finals Game
Speaker 1: three tonight in Boston, Celtics and Warriors tied at one
Speaker 1: other Yankee win their forty seventh in a row ten
Speaker 1: four at Minnesota. Three Yankee home runs Aaron Judge, John
Speaker 1: Carlos Stanton, Anthony Rizzo, and two hits each from the
Speaker 1: two Yanks who have struggled mightily all season, Aaron Hicks
Speaker 1: and Joey Gallow only two hits all night for the Mets.
Speaker 1: They lost in San Diego seven and nothing. The Padres
Speaker 1: led for nothing by the second A name view Darvish
Speaker 1: Et Taiwan. Welcome. Dustin Johnson and phil Miicholson get ready
Speaker 1: played in London that they viewed the new Live Golf Tour.
Speaker 1: Boat will then play the US Open next week near Boston,
Speaker 1: but Tiger would skipping the US Open since his body
Speaker 1: and he's time to heal. Tiger hopes to play the
Speaker 1: British Open next month. John Stashwar, Bloomberg Sports Team. All right,
Speaker 1: thank you, John. It is sixty seven on Wall Street.
Speaker 1: Time to take a look at stocks and some of
Speaker 1: the names that are moving in the pre market. And
Speaker 1: for that we're joined by Bloomberg Radio and TV Markets
Speaker 1: correspondent Crety Goopta Creaty. Good morning to you. Good morning Amy.
Speaker 1: Let's just dive right in here. There's so much to
Speaker 1: get there, so I'm gonna speed through. Bear with me.
Speaker 1: I want to start with some of those Chinese A
Speaker 1: d rs the U S listed companies here. Uh, things
Speaker 1: like Ali, Baba, j D, dot Com, Pinduo, Duo Bay
Speaker 1: do all up significantly this morning. This comes after China
Speaker 1: approved a second batch of video games this year, providing
Speaker 1: a signal of policy support to the country's internet sector.
Speaker 1: This is so important because we know a lot of
Speaker 1: these companies haven't actually gotten that support from from the
Speaker 1: Chinese administration. They are starting to get a little bit
Speaker 1: more of ease, and the idea here being then if
Speaker 1: you have this regulatory crackdown, which is by the way,
Speaker 1: hurt stocks to know some seventy from their peak last year,
Speaker 1: how much of kind of investor buying are you going
Speaker 1: to get from around the world. That's been a major
Speaker 1: question for a lot of these companies that have a
Speaker 1: really suffered that regular choice scrutiny. Now it looks like
Speaker 1: China is trying to make those steps to be a
Speaker 1: little bit more progressive, at least when it comes to
Speaker 1: internet companies and the scrutiny there. So you do have
Speaker 1: on the back of that report us the likes of
Speaker 1: Ali Baba, for example, be a b as your taker.
Speaker 1: The shares are up five percent in the pre market
Speaker 1: j D as well. The taker is just the letter
Speaker 1: j D up about four point two percent, Pin Doo
Speaker 1: doo this of course the e commerce company p d
Speaker 1: D up about six percent, and by do b i
Speaker 1: d U up three percent. Now, no, not all of
Speaker 1: these companies are actually have of a stake in video games,
Speaker 1: but the idea that they China did to prove that
Speaker 1: second batch is kind of the scene as a signal
Speaker 1: a proxy of Internet scrutiny. Broadly, let's stick with the
Speaker 1: tech theme here and talk about Intel. I n tc
Speaker 1: S your ticker down three point three percent. This comes
Speaker 1: after City lowered their estimates on the chip maker after
Speaker 1: the company's management mentioned at a conference that the circumstances
Speaker 1: are worse than expected during the quarter. A similar theme.
Speaker 1: When you look at all Tree a group, m O
Speaker 1: is your taker. This of course the maker of cigarettes
Speaker 1: and other tobacco p next down about three percent, Morgan
Speaker 1: Stanley downgrading it to an underweight, citing increasing macro pressures
Speaker 1: and competitive risks. Super important cigarette companies are kind of
Speaker 1: seen as defensive stock that even in the worst of times,
Speaker 1: even if there's a recession, UH smokers are going to
Speaker 1: still buy cigarettes simply because of the addiction. That makes
Speaker 1: it a defensive stock. So to see a downgrade from
Speaker 1: a major Wall Street firm is a huge deal. M
Speaker 1: O once against your taker down about three percent. And
Speaker 1: I'm gonna end here with Nova Vacs. We haven't talked
Speaker 1: about COVID news in a while, but this is important.
Speaker 1: N v a X is your taker. The shares are
Speaker 1: up about eighteen percent in the pre market worrip as
Speaker 1: much as this comes after the company's coronavirus vaccine one
Speaker 1: support from an f d A advisory panel, So you
Speaker 1: are still seeing more and more people come to market
Speaker 1: with those vaccines. Alright, Bloomberg Radio and TV Markets correspondent
Speaker 1: Crety Coopta always a pleasure. Thank you so much for
Speaker 1: joining us, Crety and looking at stocks as a whole
Speaker 1: ahead of the open. SNP futures down eighteen down, futures
Speaker 1: down one fifty nine, nastac features down forty six. Ten
Speaker 1: year price down twelve thirty seconds with a yield of
Speaker 1: three point oh two. Much more still to come. On
Speaker 1: this Wednesday morning edition of Bloomberg Daybreak. Stay with us.
Speaker 1: This is Bloomberg Bloomberg eleven three oh Weather today, maybe
Speaker 1: an early shower, partly the mostly sunny otherwise conn of
Speaker 1: breezy going up to eighty five, going up to eighty
Speaker 1: with showers tomorrow and then sunshine on Friday, going up
Speaker 1: to eighty degrees. Markets headlines and breaking news twenty four
Speaker 1: hours a day at Bloomberg dot Com of Bloomberg Business
Speaker 1: at and at Bloomberg Victape. He's a Bloomberg Business Flash Morning.
Speaker 1: I'm Nathan Hagar. This updates brought to you by pe
Speaker 1: Pack Private Wealth. Management of portfolio is more than a
Speaker 1: collection of assets, It's a path to your future. Visit
Speaker 1: p pack Private dot com futures moving lower. Let's go
Speaker 1: right over to the first from breaking news desk for
Speaker 1: today's morning call with Bill Maloney. Bill, Good morning, Hey,
Speaker 1: good morning, Nathan. That's right. US futures are in the
Speaker 1: red right now at death futures down a hundred and
Speaker 1: fifty points says to be shrop seventeen and as the
Speaker 1: futures are lower by thirty nine v us a ten
Speaker 1: year old at three percent. Gold is down four Oil
Speaker 1: is trading higher, but bitcoin is down by two point
Speaker 1: nine percent. Hong Kong rose two point two percent overnight,
Speaker 1: while up markets are in the red, led by losses
Speaker 1: in France and Germany. Back in the US. On the
Speaker 1: economic front, at ten o'clock, Hostale inventories and in other news,
Speaker 1: Credit Sweet said a slump at its investment bank will
Speaker 1: lead to a third straight quarterly loss. In deal news,
Speaker 1: Western Digital will consider splitting up its flash and hard
Speaker 1: drive businesses and wrapping things up all Trio was downgraded
Speaker 1: to underweight. Over at Morgan Stanley Live from the first
Speaker 1: Breaking News DOSC on Bill Maloney. Nathan, Okay, Bill, thanks
Speaker 1: to get live breaking news over your Bloomberg's Squawk on
Speaker 1: the terminal s q U A go, that's Bloomberg business splash.
Speaker 1: Now Here's Michael Barr with more on Let's stilling on
Speaker 1: a round the world. Michael Nathan, thank you very much. Victims,
Speaker 1: families and survivors of the Uvaldi and Buffalo mass shootings
Speaker 1: are in Washington, d C. Today from multiple hearings to
Speaker 1: call on Congress to act on gun reform. And I
Speaker 1: are retired Navy Admiral. Democrat Mike Franken will challenge Republican
Speaker 1: Senator Chuck grass Le's re election this fall after winning
Speaker 1: his party's nomination over two competitors. In the NHL East Final,
Speaker 1: Rangers lost to the Lightning for one. The series outside
Speaker 1: the two games Apiece and Baseball the Yankees one. The
Speaker 1: Mets lost, the Red Sox and the Orioles were winners.
Speaker 1: The Nationals lost along with the A's and Giants. Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quicktake Power by more than twenty seven hundred journalists
Speaker 1: and analysts more than a hundred twenty countries. I'm Michael Barr,
Speaker 1: and this is Bloomberg Amy. All right, thank you, Michael.
Speaker 1: We're live from the Bloomberg Interactive Broker's studios where it
Speaker 1: is six and on Wall Street time now to check
Speaker 1: what is going on in d C. Some of the
Speaker 1: top stories in our nation's capitol include gun talks. They
Speaker 1: continue on Capitol Hill, both sides maybe approaching a compromise. Also,
Speaker 1: we've seen a small burst of bipartisanship in the House
Speaker 1: as lawmakers are working on some health and water infrastructure issues.
Speaker 1: And then there is the war in Ukraine. There is
Speaker 1: more eight on the way. We're also watching how they're
Speaker 1: working to get those grain exports going again. And to
Speaker 1: talk about all of this and more, we welcome back
Speaker 1: Bloomberg Government reporter Emily Wilkins. Emily, let's start with those
Speaker 1: negotiations over gun control measures on Capitol Hill. Where do
Speaker 1: they stand now? So right now, really we're all just
Speaker 1: looking to the Senate where you've seen Democratic Senator Chris
Speaker 1: Murphy Republicans Senator John Cornyn. Really trying to work out
Speaker 1: an agreement that actually can get the ten Republican votes
Speaker 1: needed to pass in the Senate um and Senator John
Speaker 1: Cornyon says, really, any bill has got to be narrow.
Speaker 1: We're talking no new restrictions on guns and really no
Speaker 1: changes for current law abiding gun owners. We have heard
Speaker 1: a lot of talk about those so called red flag
Speaker 1: laws and potentially looking at legislation that would offer a
Speaker 1: grant to states that are interested in implementing those, and
Speaker 1: those are our laws that basically say, um, if you
Speaker 1: you know, have a family member or someone in your
Speaker 1: community who you know who is acting erratic and you're
Speaker 1: concerned that they might hurt themselves or others, you can
Speaker 1: get a temporary order that would allow guns to either
Speaker 1: be removed from them or prevent them from buying guns.
Speaker 1: That of course, there there'd be a due process element
Speaker 1: as well. Matt seems to have the most momentum. A
Speaker 1: lot of people will point out that, you know, those
Speaker 1: are just grants, it's not even a federal law. Um.
Speaker 1: But it's very clear at this point that if something
Speaker 1: wants to move forward, it is going to have to
Speaker 1: be quite narrow, because there's still is a lot of
Speaker 1: really strong opposition from Republicans on on having these additional
Speaker 1: restrictions on guns and gun ownership. Emily, I was reading
Speaker 1: through some of the stories that you have on the
Speaker 1: Bloomberg term, and one of them is about this bipartisan push,
Speaker 1: especially for a couple of different bills. You know, the
Speaker 1: House is like a dozen bills in process, but there
Speaker 1: are two that are really getting some bipartisan support. Tell
Speaker 1: us about that. Yeah, so these are two. They're kind
Speaker 1: of wonky, but they're considered must pass legislation in Washington,
Speaker 1: d C. Because it kind of just helps the basic
Speaker 1: functions of government. I mean, one of these the the
Speaker 1: f d A, uh what they half their budget comes
Speaker 1: from user fees, and so one of these pieces of
Speaker 1: legislation will just reauthorize their ability to collect user fees
Speaker 1: from the drug and medical device industry. This bill is
Speaker 1: also going to provide an express pathway to approve certain
Speaker 1: drugs for the market quicker than they might have otherwise,
Speaker 1: and they would of course also be able to then
Speaker 1: pull those drugs from the market if they don't match
Speaker 1: up with clinical trials. Um. We're also looking at legislation
Speaker 1: on water and what and infrastructure development, these are including
Speaker 1: things like flood control, keeping the coast intact and really amy,
Speaker 1: if you pull back for one second, kind of why
Speaker 1: the bills are being passed now. I mean, they do
Speaker 1: have to regularly pass these bills, but it kind of
Speaker 1: also shows where we are in this legislative process. Uh.
Speaker 1: We're coming up at the end of the session, at
Speaker 1: the end of the year. Of course, you have the
Speaker 1: November midterm elections, and you really only have like a
Speaker 1: few dozen days for lawmakers to get things done. And
Speaker 1: the harder closer you get to November, the harder it becomes.
Speaker 1: And so that's why you're seeing some of these bipartisan
Speaker 1: must pass bills coming to the floor, House floor, um
Speaker 1: and and getting moved through the process. Let's shift gears
Speaker 1: just a little bit, Emily and look at the war
Speaker 1: in Ukraine. Bring us up to speed on the latest
Speaker 1: on aid for Ukraine. I know the World Bank has
Speaker 1: just signed off on a big package. What else is
Speaker 1: out there? Yeah, the World Bank just approved almost one
Speaker 1: point five billion for Ukraine to pay government and social workers. Um.
Speaker 1: And we also know, of course President Biden is you know,
Speaker 1: continuing to authorize amounts of funding for Ukraine. Uh, Congress
Speaker 1: just approved that forty billion for the White House to
Speaker 1: be able to spend in ways that they need. Um. Obviously,
Speaker 1: the amount that the Congress approved really shows and speaks
Speaker 1: to the fact that this battle is expected to go
Speaker 1: on for quite some time. No one's seen an easy
Speaker 1: or quick end um to the Russian invasion. UM. And
Speaker 1: you've also but you've also seen other pieces of movement.
Speaker 1: I mean, one big thing industry that's been hit here
Speaker 1: is the grain and the wheat. You're seeing the Russian
Speaker 1: Foreign Minister Sergei Lavrov attending talks that might restart some
Speaker 1: of those grain shipments out of Ukraine again. Um. And
Speaker 1: of course oil is another big concern. The Energy Information
Speaker 1: of Administration has estimated that next year Russian oil output
Speaker 1: is expected to decline by eighteen percent, just kind of
Speaker 1: adding pressure on nations like the US and its European
Speaker 1: allies to figure out how to you know, continue to
Speaker 1: put pressure on Russia while also making sure that energy
Speaker 1: prices are not skyrocket skyrocketing at home. Let's talk a
Speaker 1: little bit more about those grain shipments if you don't mind,
Speaker 1: because I know you and has been working to get
Speaker 1: that humanitarian cord or set up. Doesn't look like they
Speaker 1: are very hopeful that it's actually going to hold, but
Speaker 1: they're going to give it a try. And one of
Speaker 1: the things they said was that there could be um
Speaker 1: in their words, catastrophic global price increases if they're not
Speaker 1: able to do that. I'm wondering how much urgency or
Speaker 1: incentive that is providing to get that established. I think
Speaker 1: there's a lot of concern because you are seeing these
Speaker 1: shortages across the world and as you we worry, you
Speaker 1: know in the U s about inflation. Certainly not the
Speaker 1: only developed nation worrying about that, but it's it's because
Speaker 1: you are seeing shortages in things like grain. So I
Speaker 1: think there really is a lot of pressure on it. Um.
Speaker 1: You have Turkey and Russia that did reach a tentative deal,
Speaker 1: but you do have Ukrainian officials that they are remaining
Speaker 1: skeptical at this point. I don't think that there's obviously
Speaker 1: not a lot of trust between Ukraine and Russia. Are
Speaker 1: really given the rest of the world and Russia, but
Speaker 1: there's also a huge incentive and pressure internationally to see
Speaker 1: the smooth of again. Uh. Certainly a number of countries
Speaker 1: across the world that are being impacted by the lack
Speaker 1: of grain exports from Ukraine. Yeah, we're going to continue
Speaker 1: to watch that with you. Uh, Bloomberg Government reporter Emily Wilkins,
Speaker 1: thank you so much for taking the time with us.
Speaker 1: And also you can read more about these stories on
Speaker 1: Bloomberg dot com or on the Bloomberg terminal. And as
Speaker 1: a reminder, you can follow all of the latest dot
Speaker 1: Bloomberg Radio in Washington on Bloomberg ninety nine one and
Speaker 1: one oh five point seven fm h D two. Nathan,
Speaker 1: okay me, thank you. We're at six fifty five on
Speaker 1: Wall Street. Let's turn to news and science and technology now.
Speaker 1: The Bloomberg n j I T STEM Report is brought
Speaker 1: to you by New Jersey Institute of Technology, ranked the
Speaker 1: top fifty national public university by US News and World
Speaker 1: Report and number fourteen in the nation on Money's Best
Speaker 1: Colleges List. Learn more at n j I T dot
Speaker 1: e DU. Now Here's what's making news and science, technology, engineering,
Speaker 1: and math. The Biden administration wants Congress to support a
Speaker 1: four point three billion dollar plan to wean the US
Speaker 1: off Russian uranium. The money would allow the US to
Speaker 1: buy it directly from domestic producers. Energy officials have made
Speaker 1: the case that any interruption in supply of enriched rush
Speaker 1: and uranium would cause disruptions at commercial nuclear reactors. NASA
Speaker 1: will launch a research rocket from remote northern Australia this month,
Speaker 1: in the space agency's first blast off from a commercial
Speaker 1: spaceport outside the US. The launch site was chosen because
Speaker 1: it's in the southern Hemisphere and close to the equator.
Speaker 1: It is the first NASA rocket launched down Under since
Speaker 1: and Amazon, in its second annual report, says it prevented
Speaker 1: four billion bad listings for making it onto its site
Speaker 1: and got rid of more than three million phony products
Speaker 1: last year. Counterfeit sellers have longed plagued Amazon and other
Speaker 1: e commerce retailers. Amazon stepped up efforts to fight it
Speaker 1: in recent years amid heightened scrutiny from brands and lawmakers
Speaker 1: pushing for anti counterfeit legislation, and that is today's Bloomberg
Speaker 1: and j I t Stem report. Future is moving lower,
Speaker 1: though not as d plea as earlier in this UH
Speaker 1: pre market session. Right now, SMP futures are down twelve
Speaker 1: points for a drop of two three tenths percent. DAT
Speaker 1: futures down a hundred twenty two points, and NASTAC futures
Speaker 1: are lower by sixteen points. That's the decline of a
Speaker 1: tenth of one percent. The tenure Treasury is down nine
Speaker 1: thirty seconds. The yield three point zero percent on the
Speaker 1: benchmark ten uere note, yield on the two year two
Speaker 1: point seven four percent. Name X screwed up one point
Speaker 1: one per cent, or a dollar thirty one at a
Speaker 1: hundred twenty dollars seventy two cents a barrel. Comex goal
Speaker 1: down a tenth per center two dollars forty cents at
Speaker 1: eighteen forty nine seventy announced. The euro one point zero
Speaker 1: seven to three against the dollar. Bitcoin right now trading
Speaker 1: right around thirty thousand, four hundred dollars. Bloomberg Surveillance is
Speaker 1: next with Tom Keene, Jonathan Farrell, and Lisa Bramowitz for
Speaker 1: Amy Morris. I'm Nathan Hager, and this is Bloomberg