Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg
Speaker 1: Daybreak from Monday, October thirty one two. Coming up this hour,
Speaker 1: d Enters the last trading day of October, up almost
Speaker 1: nine percent for the month. Investors await this week's meet
Speaker 1: decision and jobs reports. Barklay's trading revenue tops estimates. We'll
Speaker 1: speak with the banks CEO. And in Brazil, Luisa Nacio
Speaker 1: Lula da Silva wins the presidential election. The man accused
Speaker 1: of attacking the husband of House Speaker Pelosi will be
Speaker 1: charged today. Plus South three of mourns after a crowd
Speaker 1: crush kills more than a hundred fifty people. I Michael
Speaker 1: blarn more than head. I'm John stas Shower and sports.
Speaker 1: The Jets and Giants four game win streaks both came
Speaker 1: to an end and NIX lost. The Rangers and Devils
Speaker 1: both won. That's all straight Ahead on Bloomberg Daybreak on
Speaker 1: Bloomberg eleven, Freeo, New York, Bloomberg one, Washington, d C,
Speaker 1: Bloomberg one oh six one, Boston, Bloomberg nine sixties, San Francisco,
Speaker 1: Sirius x M one nineteen and around the world on
Speaker 1: Bloomberg Radio dot com and via the Bloomberg Business. A
Speaker 1: good Monday morning. I'm Amy Morris and M. Nathan Hagar.
Speaker 1: Futures are moving lower as we start a busy week
Speaker 1: for markets. Were coming up to five oh one on
Speaker 1: Wall Street. We checked the markets for you every fifteen
Speaker 1: minutes during the trading day on Bloomberg SMP futures right
Speaker 1: now down twenty two points. Staff futures down a hundred
Speaker 1: sixty one. Nastack futures are lower by eighty nine points.
Speaker 1: Tenure Treasury is down ten thirty seconds. The yield four
Speaker 1: point zero five percent yield on the two year four
Speaker 1: point four eight percent. Nim X screwed is down seven
Speaker 1: tenths per center sixty three cents at eighty seven dollars
Speaker 1: twenty nine cents of Barrel and Comics Gold right now
Speaker 1: is down three tenths percent at sixteen thirty nine seventy
Speaker 1: an ounce. Amy Nathan Stock Center, the last day of
Speaker 1: the trading month. In rally mode, d S and P
Speaker 1: five hundred has gained almost nine percent in October. The
Speaker 1: Dow Jones Industrial Average has surged more than fourteen percent.
Speaker 1: Michael Sheldon as chief investment Officer at High Tower r
Speaker 1: d M Financial Group. The Dow is the first of
Speaker 1: the major indices to move back above their key two
Speaker 1: day moving averages, So that's something a lot of investors watched,
Speaker 1: separating a longer term rally versus a short term rally.
Speaker 1: None of the other major markets have done that, but
Speaker 1: that's certainly something to the monitor going forward. Hi Tower
Speaker 1: r DM Financial Group Michael Sheldon notes the s and
Speaker 1: is on its longest weekly rising streaks since August. Blamy
Speaker 1: investors have to potential market moving events this week. The
Speaker 1: FED makes an interest rate decision on Wednesday, and the
Speaker 1: government issues its monthly employment report on Friday. Bloomberg'sviny Del
Speaker 1: Judas reports economists se another jumbo US rate hike seventy
Speaker 1: five basis points to stop red hot inflation. Consumer psychology
Speaker 1: a key to snapping a price breakout, suggest the Fed.
Speaker 1: As its work cut out, Americans see the cost of
Speaker 1: living rising five percent over the next year, based on
Speaker 1: University of Michigan data. Turning to America's labor market, economists
Speaker 1: anticipate in October payroll game but not as robust to September.
Speaker 1: The unemployment rate will probably remain low amid historic labor
Speaker 1: shortages in many industries. Fini Deal, Judae, Bloomberg Daybreak, Thanks Vinnie.
Speaker 1: The latest of Bloomberg m Live Pulse survey suggests if
Speaker 1: the Fed shair Jerome Powell gives any dubbish signals during
Speaker 1: this week's press conference, he might send investors scrambling. Almost
Speaker 1: half of two hundred fifty respondents polled last week said
Speaker 1: they were buying the dollar ahead of the decision. In
Speaker 1: about seventy eight percent expected two year treasury yields to
Speaker 1: go up. No, it's gonna be another busy week for earnings. Amy.
Speaker 1: More than a third of the companies in the SMP
Speaker 1: five report this week, and we get the story from
Speaker 1: Bloomberg's Charlie Pellett. With more than two hundred sixty SMP
Speaker 1: companies reporting so far, about seventy one have delivered positive
Speaker 1: earning surprises despite some notable technology. Mrs Emily Hill is
Speaker 1: founding partner at Bowersock Capital Partners. You know, yes, some
Speaker 1: earnings are exceeding this reasonably low bar, but overall we
Speaker 1: of slowing growth and I think what we're going to
Speaker 1: see is more of what we just saw from big
Speaker 1: tech and in the first quarter of next year, we're
Speaker 1: going to see the impact of the strong dollar rising
Speaker 1: interest rates even more than we have now. In addition
Speaker 1: to the healthcare giants, this week we will hear from
Speaker 1: A m D, Airbnb, Conuco, Phillips, Starbucks, Uber and Young Brands.
Speaker 1: In New York, Charlie Pellock Bloomberg Daybreak, all right, thank you, Charlie.
Speaker 1: And in Europe, chairs of barclayser up a half percent.
Speaker 1: Trading revenue rose greater than expected this game, driven by
Speaker 1: fixed income, commodities and currencies. Trading exclude some hedging losses
Speaker 1: tied to its mistakenly issued securities earlier this year. And
Speaker 1: his first TV interview since taking the top job, Chief
Speaker 1: Executive Officer C. S Venkate Christian And spoke about the
Speaker 1: UK economy with Bloomberg's Franci and Lakwa. What I'm hoping
Speaker 1: you see is what people will call a soft landing
Speaker 1: and shallow recession, helped by the initial conditions. Uh and
Speaker 1: and so what you might see as an increase in unemployment,
Speaker 1: you might see some credit weakness among among customers, but
Speaker 1: it won't be so bad that you see distress in society.
Speaker 1: We're going to bring you more of our conversation with
Speaker 1: Chief executive officers c As vin Cate Christian. It's a
Speaker 1: little later in the program. Well, another major story we're
Speaker 1: following this morning, Amy takes us to Brazil and a
Speaker 1: dramatic comeback for former president Louise and Nacio Lula da Silva,
Speaker 1: the left wing politician has won the presidential election, narrowly
Speaker 1: defeating incumbent Gyre ball Cinaro. Three years ago, Lula was
Speaker 1: in a jail cell on corruption charges. Juan Pablo Spinetto
Speaker 1: is Bloomberg's managing editor for Economy and Government in Latin America.
Speaker 1: Less than three years ago, he was still in jail.
Speaker 1: So if we talk about perspective um, this is probably
Speaker 1: one of the greatest political combat sides in my life.
Speaker 1: Lula was president for eight years at the beginning of
Speaker 1: the century. He was one of the most popular politicians
Speaker 1: on Earth. At some point when Barack Obama president, he
Speaker 1: called he in the guy right, the most important and
Speaker 1: most popular president. Bloomberg Managing editor Juan Pablo Spinetto says
Speaker 1: Bolsonaro has neither conceded the race nor commented on the results.
Speaker 1: And in other political news this morning, Chinese Foreign Minister
Speaker 1: Wang Ye criticized US export curbs in a cult with
Speaker 1: Secretary of State Anthony Blinken Wins. Comments about export controls
Speaker 1: were an apparent reference to Washington's move earlier this month
Speaker 1: to restrict Chinese access to chip making technology. On the
Speaker 1: economic front in Asia, Amy China's factory and services activity
Speaker 1: contracted in October. Bloomberg day Break Asia anchor Bryan Curtis
Speaker 1: has more from Hong Kong. The downshift suggests the COVID
Speaker 1: curbs and the property cristis are taking a toll. The
Speaker 1: official pm I felt a forty nine point two from
Speaker 1: fifty point one in September and below estimates. The non
Speaker 1: manufacturing pm I dropped to forty eight point seven from
Speaker 1: fifty point six and also below estimates. Bloomberg Economics says,
Speaker 1: as bad as these numbers are, they probably understand the
Speaker 1: true weakness. New export orders slumped all the way to
Speaker 1: forty seven point six and non manufacturing employment dropped to
Speaker 1: forty six point one in Hong Kong. Brian Curtis Bloomberg
Speaker 1: day Break, Okay, Brian, thank you, futures are moving lower
Speaker 1: this Monday morning, straight ahead your latest local headlines in
Speaker 1: the check of Sports. This is Bloomberg. Thank you, Nathan.
Speaker 1: It's five oh seven on Wall three. Let's bring in
Speaker 1: Michael bar with more on what else is going on
Speaker 1: in New York and around the world. Good morning Michael,
Speaker 1: Good morning Amy. We're learning more information about the attack
Speaker 1: on Paul Pelosi, husband of our speaker Nancy Pelosi. It sat.
Speaker 1: The suspect allegedly had a bag full of zip ties
Speaker 1: along with a hammery he brought to pelosi San Francisco home.
Speaker 1: The suspect, David pop will officially be charged today and
Speaker 1: arraigned tomorrow. Pelosi is the latest in a growing wave
Speaker 1: of threats and plots against elected officials on Face the Nation.
Speaker 1: Margaret Brennan asked Tom emer, Congressman and chair end of
Speaker 1: the National Republican Congressional Committee, about a tween he posted
Speaker 1: several days ago of him touting the Second Amendment firing
Speaker 1: a gun with a hashtag fire Pelosi. Why is there
Speaker 1: a gun in a political add at all? Well, now,
Speaker 1: pink slip be more fitting if it's about firing her
Speaker 1: exercising our Second Amendment rights. Heaven at the Second Amendment
Speaker 1: has been about Second Amment hashtag Pelosi. Yes, Emers said
Speaker 1: there is no place for violence in our society. Face
Speaker 1: the nation can be heard Sundays on Bloomberg Radio. At
Speaker 1: least a hundred fifty three people were killed and dozens
Speaker 1: injured following a crowd crush during Halloween celebrations, and Soul,
Speaker 1: marking one of the deadliest incidents in South Korea in years.
Speaker 1: Bloomberg so he Kim has more from Soul. Most of
Speaker 1: the victims were young people, those who are in their
Speaker 1: twenties and women who couldn't endure the pressure they got
Speaker 1: from the crowd crush. Bloomberg so he Kim from Seoul,
Speaker 1: President Yun Sakyol declared a period of national mourning and
Speaker 1: vowed to carry out a thorough investigation. Republican Governor Brian
Speaker 1: Kemp and Democrats Stacy Abrams squared off Sunday night in
Speaker 1: Georgia's governor race. The governor praised the state's economy thankfully
Speaker 1: in Georgia because we were open even when Miss Abrams
Speaker 1: didn't want us to be. Our economy has been incredibly resilient.
Speaker 1: We've had two record years for economic development. Meanwhile, Abrams
Speaker 1: during the debate promised voters she will not reduce taxes
Speaker 1: for the rich. As governor, I will not only lower costs,
Speaker 1: I will put more money into the pockets of working
Speaker 1: Georgians of middle class origins. But what I will not
Speaker 1: do is give tax cuts to the wealthy and the powerful.
Speaker 1: The Abram's Kemp Debate aired on WSB. Drivers, look out
Speaker 1: for a little trick or treater. It isn't the Tri
Speaker 1: State area. It's Halloween. Meanwhile, for the adults, the annual
Speaker 1: Halloween Parade returns to Greenwich Village Tonight. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quick
Speaker 1: Take Power by more than twenty hundred journalists and analysts
Speaker 1: more than a hundred twenty country Michael Barr and this
Speaker 1: is Bloomberg Gaming. All right, thank you, Michael, five o
Speaker 1: nine on Wall Street Time. Now for the sports report,
Speaker 1: brought to you by Try State Audi. Here's john S
Speaker 1: dash Our thanks seeing me. It was an awfully nice
Speaker 1: month of October for the Jets and Giants both. We're
Speaker 1: hoping to cap it with a fifth winning a row
Speaker 1: boat saw other winning streaks come to an end. Jets
Speaker 1: lead the Patriots at halftime with the fat scored nineteen
Speaker 1: points in the row beat. The Jets for the thirteen,
Speaker 1: king second of time, twenty to the seventeen and MetLife.
Speaker 1: Not a good day for Zach Wilson. Between a couple
Speaker 1: of touchdown passes, he threw three interceptions. One was a
Speaker 1: pass he was just trying to throw away. There was
Speaker 1: a costly Jet penalty in the first half of roughing
Speaker 1: the pastor that wiped out in eighty yard pick six.
Speaker 1: Jets fall to five and three the Giants in Seattle.
Speaker 1: The game was tied at seven, then ten, then thirteen.
Speaker 1: In the fourth quarter, You're gonna throw again. On first down,
Speaker 1: pumping got him out of the corn down straight home.
Speaker 1: What a drive done. Tyler Loker was not gonna left
Speaker 1: this one get away. Tyro had they called Tyler Locket
Speaker 1: had dropped the TV pass earlier. Also had a fumble
Speaker 1: that led to a Giants t V to Seattle scored
Speaker 1: again four minutes later. Seahawks won seven to thirteen. Richie
Speaker 1: James was a Giant's goat. He fumbled punts in both halves,
Speaker 1: both led to Seattle scores. Giants for six and two
Speaker 1: and off next week. Nick's got a good look at
Speaker 1: the guy they were trying to acquire the off season.
Speaker 1: In Cleveland, Donovan Mitchell scored thirty eight points. He made
Speaker 1: eight three pointers. He had twelve assists. Calves rally to
Speaker 1: win one oh eight. Rangers on me because the Banta
Speaker 1: Jet power play goal was seven minutes left, won three two.
Speaker 1: At Arizona, the Devil's routed Columbus seven to one. The
Speaker 1: World Series is in Philadelphia, Astros who Phillies are one
Speaker 1: one going to tonight's game. Three down statue were Bloombrook
Speaker 1: Sports Tea all right, thank you John checking futures now
Speaker 1: s and P futures down twenty points, DAAL futures down
Speaker 1: on seventy two, nastec features down at nineties six, much
Speaker 1: more still to come on Bloomberg dayper This is Bloomberg.
Speaker 1: The Bloomberg Sports Report was brought to you by Autie.
Speaker 1: Don't let someone else drive off in the outie model
Speaker 1: you've always wanted. Visit your local tri state outie dealer
Speaker 1: to get behind the wheel of yours today, or visit
Speaker 1: out he Offers dot com for more information, markets, headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot Com, the Bloomberg Business at and at Bloomberg Quick tape.
Speaker 1: He's a Bloomberg business lash. I'm Nathan Hager. European stocks
Speaker 1: of erased early games. US equity futures are slipping at
Speaker 1: the start of another busy week of earnings and key
Speaker 1: central bank decisions, including the Federal Reserve. We checked the
Speaker 1: markets for you every fifteen minutes during the trading day
Speaker 1: on Bloomberg SMP futures right now are down twenty five
Speaker 1: points down, futures down a d seventy NASTAC futures down
Speaker 1: ninety two points. The decks in Germany's trading will change
Speaker 1: tack in Paris down three tenths per cent. The tenure
Speaker 1: Treasury is down twelve thirty seconds yield four point zero
Speaker 1: six percent yield on the two year four point four
Speaker 1: nine nim X screwed is down a half percent, or
Speaker 1: forty five cents at eighty seven dollars forty five cents
Speaker 1: a barrel. Comic gold is down three tenths per cent
Speaker 1: or five dollars in six eighty announced the euro point
Speaker 1: nine five against the dollar British pound one point one
Speaker 1: five five five. The end is at one eight point
Speaker 1: to seven. Looking at Bitcoin, it's down nine tenths per
Speaker 1: cent at twenty thousand, five hundred dollars. That's a Bloomberg
Speaker 1: Business Flash, Now and burn. What's going on around the world.
Speaker 1: Here's Michael bar Good morning, Michael, Good morning, Nathan. Brazilians
Speaker 1: have delivered a very tight victory to Luis Ignatio Lola
Speaker 1: da Silva in their presidential election. It gives the leftist
Speaker 1: former president another shot at power in a rejection of
Speaker 1: incumbent Gayer Bosonaro's far right politics. At least two Americans
Speaker 1: are among the more than a hundred fifty people killed
Speaker 1: in a crowd surge in Seoul, South Korea. Mourners left
Speaker 1: flowers pay tribute to the victims near the site. Military
Speaker 1: teams are searching for people missing after a century old
Speaker 1: pedestrian bridge collapsed into a river in western India last night,
Speaker 1: killing at least a hundred thirty two people. In the NFL,
Speaker 1: the Giants lost, the Patriots beat the Jets, seventeen the
Speaker 1: Commanders and one. In the NBA, the next lost. The
Speaker 1: Celtics beat the Wizards one four. The Warriors lost. In hockey,
Speaker 1: The Devils and Rangers won. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quicktake powered by
Speaker 1: more than twenty hundred journalists and analysts in more than
Speaker 1: a hundred twenty countries. Michael Bard, this is Bloomberg Gaming
Speaker 1: all right, Thank you, Michael. It is five twenty now
Speaker 1: on Wall Street Live from the Bloomberg Interactive Broker Studios.
Speaker 1: This is Bloomberg Daybreak and we are joined now by
Speaker 1: Lorie Calvacina, Head of US Equity Strategy, RBC Capital Markets. Laurie,
Speaker 1: good morning, Thanks for taking the time with us. Stocks
Speaker 1: are entering the last day of the trading month in
Speaker 1: rally mode. S and P five hundred gaining almost nine
Speaker 1: percent in October, dal Joan industrial averages searched more. Have
Speaker 1: we found the bottom? Is this a bear market rally?
Speaker 1: Where are we? All? Right? Well, thanks for having me
Speaker 1: as always, you know, look, we think that the equity
Speaker 1: market is in the middle of this sort of longer extended,
Speaker 1: messier bottoming process, and I do think we'll see some
Speaker 1: volatility for the next a few months or so, you know,
Speaker 1: kind of well in the early part of next year. Um,
Speaker 1: but I do think it is possible that equities have
Speaker 1: put in that low and one thing we tend to
Speaker 1: see is that if you go back over time and
Speaker 1: look in big crises. Um, what you tend to see
Speaker 1: is that equities of SMP five hundred rather makes it's low.
Speaker 1: About three to six months before earning, gustment revisions stopped
Speaker 1: going down. So if we think that sort of you know,
Speaker 1: April May is the time frame when we'll be done
Speaker 1: with those downward revisions. Now is about the time you
Speaker 1: want to be looking for a bottom. Now. We saw
Speaker 1: the tech heavyweights Microsoft, Amazon, Alphabet Meta plunge after earnings,
Speaker 1: but the overall market was resilient, and that seems to
Speaker 1: be the key word, resiliency. What does it tell you? So?
Speaker 1: I thought it was really interesting price action. Um, and
Speaker 1: I do think that we're seeing, you know, some rational
Speaker 1: moves so far in this reporting season. If you look
Speaker 1: at how companies are reacting to their beats and misses,
Speaker 1: we're seeing energy companies are doing quite well in regards
Speaker 1: to the beats, but some of those broader T I M.
Speaker 1: T spaces are doing pretty poorly in regards to the misses. UM,
Speaker 1: and I think you do have to have a shorter
Speaker 1: term crowd that's playing that ladder area. One of the
Speaker 1: things we talked about in our weekly this morning, Amy
Speaker 1: is that if you look at positioning on the c
Speaker 1: STC data for asset managers, specifically on US equity futures,
Speaker 1: it's pretty washed out across the broader US equity market,
Speaker 1: but it's been really washed out. I eat the low
Speaker 1: financial crisis type lows for areas like small caps in
Speaker 1: the Dow UM. So while the growth trade has been
Speaker 1: looking pretty washed out, it's been looking even more washed
Speaker 1: out in the cyclicals, the small cats, and the old
Speaker 1: economy stacks. So as you're seeing those third quarter reports,
Speaker 1: what is your takeaway from these companies? Is it all
Speaker 1: about the resiliency? So I think you're seeing you know,
Speaker 1: we're still in the middle of it, so this story
Speaker 1: is still being written. But I do think that companies
Speaker 1: that are executing well, that are having you know, sort
Speaker 1: of more resilient business models, more brilliant product lines, management
Speaker 1: teams who are frankly able to navigate the macro a
Speaker 1: bit better, they are coming through a bit better than
Speaker 1: companies UM that we're really, you know, just sort of
Speaker 1: sailing on the pale winds of the recovery off the
Speaker 1: COVID lows. UM. So, I do think that we're we're
Speaker 1: starting to see you know, sort of a MESSI or
Speaker 1: take on demand. Now that we're hearing from more sectors,
Speaker 1: more industries, more companies. Um, we're hearing you know, kind
Speaker 1: of more concern about labor and more kind of softening
Speaker 1: than a labor backsdrop. Very very messy so far. But
Speaker 1: in general, I think we've got a mix of resiliency
Speaker 1: and in a mix of that weakness that investors have
Speaker 1: long been looking for finally starting to take shape. So
Speaker 1: do you think this week's FED meeting then could be
Speaker 1: potentially market moving? You know, as much as I wish
Speaker 1: that it was, And I think the FED always ends
Speaker 1: ulpting market moving when we feel like it shouldn't be.
Speaker 1: And you know, I starre looking at my Bloomberg this morning.
Speaker 1: We're at thirty nine hundred on the SMP. How are
Speaker 1: we there? I mean, despite all the volatility that we
Speaker 1: had last week, fields almost unbelievable. Um. But but I
Speaker 1: do think, you know, as I talked to investors, there
Speaker 1: are many that are still sort of looking for that
Speaker 1: kind of peaking inflation, making the case that inflation is
Speaker 1: set to moderate, that the set should be you know,
Speaker 1: pausing or pivoting a bit next year. So I do
Speaker 1: think those hopes are alive and well, and some of
Speaker 1: that's probably embedded in the thirty nine hundred price right now.
Speaker 1: You know, Laurie, I'm sort of a political news girl.
Speaker 1: How are the mid terms impacting your strategy? This is
Speaker 1: the most untalked about story I think in US equity markets.
Speaker 1: I know the political news crowd is certainly talking about
Speaker 1: it a lot, but you know, you do tend to
Speaker 1: see equity markets bottom a few weeks before the mid terms.
Speaker 1: In the mid term election years, on average, we have
Speaker 1: about a seven percent moving the year in. If you
Speaker 1: look at it your like o to it was even
Speaker 1: stronger at together a twenty one percent rally off belows
Speaker 1: into the year in ties. Um. So, I think that
Speaker 1: the fact that the Republicans are doing better in things
Speaker 1: like the betting markets, the generic congressional ballot um as
Speaker 1: as you know, kind of Biden schwartzunes have fallen a
Speaker 1: little bit. I think that's healthy equity markets, um And
Speaker 1: I think that you know, we'll we'll see what happens
Speaker 1: after the midterms themselves, but I think that's when it's
Speaker 1: been one of the big reasons for this move back
Speaker 1: to thirty nine hundreds. That we've seen and thirty seconds,
Speaker 1: just thirty seconds here, Laura, what's your look ahead? What
Speaker 1: are you watching for? So that we're obviously watching the
Speaker 1: feed this week and the reaction to it. You know,
Speaker 1: I'm interested to see more consumer companies come in and
Speaker 1: report late in reporting season. That's probably the biggest thing
Speaker 1: I'm going to be paying attention to the next couple
Speaker 1: of weeks. Alright, Lori Calvacina, head of US Equity Strategy
Speaker 1: at RBC Capital Markets. It is always a pleasure. Thank
Speaker 1: you so much for your insights in your time this morning.
Speaker 1: As in d Future is now down twenty one points down,
Speaker 1: futures down one dred and fifty three NASDAG features down
Speaker 1: seventy nine points, the ten year priced or rather the
Speaker 1: ten your treasury down twelve thirty seconds, the tenure yield
Speaker 1: at four point oh six percent, two year yield at
Speaker 1: four point to four nine percent. We have much more
Speaker 1: still to come. On this Monday morning edition of Bloomberg
Speaker 1: day Break, We're gonna check the markets, bring you the
Speaker 1: latest news in business, etan mix and finance. This is
Speaker 1: Bloomberg all right, Amy, Thanks day, and brought to you
Speaker 1: by the New York Community Trust. Your name will live
Speaker 1: on as champion of the causes you care about for
Speaker 1: years to come through a charitable request of the New
Speaker 1: York Community Trust. Learn more at Philanthropist dot NYC. Broadcasting
Speaker 1: live from the Bloomberg Interacted Broker's studio in New York,
Speaker 1: Bloomberg eleving for you to Washington, d C, Bloomberg to Boston,
Speaker 1: Bloomberg one O six one does San Francisco, Bloomberg nine
Speaker 1: sixty to the country, Sirius XM Chad A one nine team,
Speaker 1: and around the globe the Bloomberg Business and Bloomberg Radio
Speaker 1: dot Com. This is Bloomberg Daybreak. It's five thirty on
Speaker 1: Wall Street. Good Monday morning. I'm anymore Is and I'm
Speaker 1: Nathan Hager. We're about four hours away from the open
Speaker 1: of US training. Let's getch you up to date on
Speaker 1: the news you need to know at this hour. US
Speaker 1: futures are lower to start the morning, but still stocks
Speaker 1: under the last day of the trading month in rally
Speaker 1: mode from the SMP five hundreds gained almost nine percent
Speaker 1: in October, while the Dow has surged more than fourteen percent.
Speaker 1: Phil Orlando, chief ecuty strategist with Federated Hermes thinks we're
Speaker 1: still in for a bumpy road ahead. There's been this
Speaker 1: perception among the market. We've seen this from that big
Speaker 1: rally mid June and mid August and then this rally
Speaker 1: over the last couple of weeks, This perception that there
Speaker 1: will be this immaculate decline in inflation which is going
Speaker 1: to allow the Federal Reserve to stop hiking interest rates
Speaker 1: and turn around and start cutting interest rates. We are
Speaker 1: not that sanguine. It's going to be a problem longer
Speaker 1: than the market thinks. Phililando with Federated Hermes is still
Speaker 1: positioning defensively as the FED continues to tighten monetary policy,
Speaker 1: and we're watching a couple of key events this week.
Speaker 1: The FED makes an interest rate decision on Wednesday, and
Speaker 1: the government issues its monthly employment report on Friday. Katrina
Speaker 1: l Is a senior economist with Moody's Analytics. We have
Speaker 1: seen US economy is still kind of, you know, roaring ahead,
Speaker 1: but momentum has definitely slowed, and I think what the
Speaker 1: Fed is really going to continue to focus on is
Speaker 1: that the strength of the labor market. And while we
Speaker 1: have seen some softening in the labor market, it's still
Speaker 1: type beyond comfort levels between a l with Moody says
Speaker 1: she expects the FED to raise rates another seventy five
Speaker 1: basis points this week before easing in the coming months.
Speaker 1: Stick with us all week for the latest FED coverage.
Speaker 1: We'll bring you to her j Pale's full comments live
Speaker 1: Wednesday on Bloomberg Radio and Television. Well over in Europe,
Speaker 1: Amy shares of barclayser up one point one percent. Trading
Speaker 1: revenue rose more than expected thanks to fixed income, commodities
Speaker 1: and currencies trading. In his first broadcast interview since taking
Speaker 1: on the top job, CEO cs vent at a Christian
Speaker 1: and spoke about the UK economy with Bloomberg's Feriencing Laqua.
Speaker 1: What you might see as an increase in unemployment, you
Speaker 1: might see some credit weakness among among customers, but it
Speaker 1: won't be so bad that you see distress in society. However,
Speaker 1: it has to be managed to get lee and it
Speaker 1: has to be managed aggressively through the balancing of the budget.
Speaker 1: And that's what the Prime Minister has said in the
Speaker 1: last couple of days. And we'll bring you more of
Speaker 1: our conversation with Barclays CEO coming up later on Bloomberg
Speaker 1: day Break in Brazil, it's a dramatic comeback for former
Speaker 1: president Louise and Assasio lu La da Silva, the left
Speaker 1: wing politician winning the presidential election, narrowly defeating incumbent Jayre
Speaker 1: boss Narro. Three years ago, Lulu was in a jail
Speaker 1: cell on corruption charges. Balson Naro has neither conceded the
Speaker 1: race nor come on commented on the results. Now features
Speaker 1: are moving lower this morning, straight Ahead, your latest local
Speaker 1: headlines in the check of sports. This is Bloomberg. I
Speaker 1: think you Nathan five. Three on Wall Street, we bring
Speaker 1: in Michael Barr with more on what else is going
Speaker 1: on in New York and around the world. Good morning Michael,
Speaker 1: Good morning Amy. The man accused of attacking Paul Pelosi,
Speaker 1: the husband of Speaker of the House Nancy Pelosi, is
Speaker 1: expected in court today to face attempted murder and other charges.
Speaker 1: Investigators are examining forty two year old David du pop
Speaker 1: social media pages, which allegedly include false conspiracy theories about
Speaker 1: the election. There's words Pop had zip ties and duct
Speaker 1: tate in his bags Friday when he allegedly broke into
Speaker 1: the Pelosi's San Francisco home. South Korean President Un Suck
Speaker 1: yol has promised a full investigation and support for those
Speaker 1: affected after a crowd crushed in Soul killed more than
Speaker 1: a hundred fifty people. Bloomberg's so he Kim reports from Soul,
Speaker 1: there were tens of thousands of people packed in a
Speaker 1: narrow alley on a hill, and suddenly it went out
Speaker 1: of control, as people described as they were falling like dominoes.
Speaker 1: Bloomberg's so he Kim. In Soul, there are calls this
Speaker 1: morning for the United Nations to broker the resumption of
Speaker 1: weed exports from Ukraine. Bloomberg's Ad Baxter as the story.
Speaker 1: Russia is blocking the departure of any ships carrying wheat
Speaker 1: out of Ukraine, saying that drone strikes are originating off
Speaker 1: the ships. President Joe Biden says, very concerning, truly outraged.
Speaker 1: This is from increased starvation. There's no reason for them
Speaker 1: to do that, and but they're always looking for some
Speaker 1: rationale to be able to say greening they're doing something
Speaker 1: outrageous is because the West made them do it. Ukraine
Speaker 1: says two D eighteen ships in total have been blocked
Speaker 1: in San Francisco. I'm at Baxter Bloomberg Gay Break. Donald
Speaker 1: Trump's company, the Trump Organization, is on trial this week
Speaker 1: for criminal tax fraud. Opening statements and the first witnesses
Speaker 1: are expected today in New York. Among the key prosecution
Speaker 1: witnesses Trump's longtime finance chief Alan Weisselberg, who pleaded guilty
Speaker 1: and has agreed to testify against the company in exchange
Speaker 1: for a five month jail sentence. Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than twenty seven hundred journalists and analysts
Speaker 1: in more than a hundred twenty countries. How Michael bar
Speaker 1: and this is Bloomberg. Amy, all right, thank you, Michael.
Speaker 1: It's five than five on Wall Street. Time. Now the
Speaker 1: Sports Report, brought to you by Try State Audi. Here's
Speaker 1: John Stasher, alright, Amy Gino Smith was a high draft
Speaker 1: pick of the Jet spent one year with the Giants.
Speaker 1: Mostly it's a backup quarterback. That's been his role almost
Speaker 1: his entire career, but Seattle traded the unhappy Russell Wilson
Speaker 1: gave the job to Smith. He's been sensational let the
Speaker 1: Seahawks seven and thirteen win of the Giant. Smith was
Speaker 1: asked about beating his old teams and one year with
Speaker 1: the Giants, and so that year to me was like
Speaker 1: a blur, and uh, you know, my life has moved
Speaker 1: on from then. I don't have any remorse towards anyone there. Uh.
Speaker 1: In fact, you know this, to me, this game was
Speaker 1: MC doing Jerry Reece. They believed in me, and so
Speaker 1: as far as you know any other thing, I don't
Speaker 1: really care for it. Um, you know, I'm happy to
Speaker 1: be here in Seattle and Reese with the Giants. Coach
Speaker 1: in GM back in two PHAs and seventeen, Smith's got
Speaker 1: the highest completion percentage in the NFL. Seattle's in first place.
Speaker 1: The Giants offense struggled only touchdown due to a Seattle
Speaker 1: fumble of their two yard line. Quiet day for Sa
Speaker 1: Kwan Barkley season low sixty two yards from scrimmin The
Speaker 1: Giants board game wins weekends. There's six and two, tied
Speaker 1: for second with Dallas Philadelphia one again. Eagles are seven
Speaker 1: and oh. Jets also had their four game win stry game.
Speaker 1: They're losing streak versus New England grew the thirteen Patriots
Speaker 1: when it met life twenty two to seven team. They
Speaker 1: intercepted Zach Wilson three times. Bill Belichick is now the
Speaker 1: second winning just coach in NFL history, trailing only Don Shulo.
Speaker 1: Last night, Buffalo sent Green Bay to a fourth loss
Speaker 1: in a row. Knicks blew Alide lost at Cleveland one
Speaker 1: to one. Oh A. Donovan Mitchell scored thirty eight against
Speaker 1: the Knicks, who tried to acquire him throughout the offseason.
Speaker 1: Rangers one three two at Arizona, Devils all over Columbus
Speaker 1: seven to one, Astros and Fillies tied to one. They
Speaker 1: played Game three of the World Series tonight in Killer
Speaker 1: John Stashwar Bloomberg Sports. All right, thank you John. It's
Speaker 1: five thirty seven on Wall Street Time. Now for the
Speaker 1: Tri State Business reports. Here with that is Bloomberg's Wendy Gilette.
Speaker 1: Two New Jersey candy companies are leading the way and
Speaker 1: how the confectionery industry helps consumers manage sugar intake. N
Speaker 1: J Biz reports Mars Wrigley, based in Newark and Hacketts
Speaker 1: Town and Ferrairo USA in Persippany team to with other
Speaker 1: large candy companies in the industry to increase the number
Speaker 1: of products that list calorie content and offer smaller sizes.
Speaker 1: Half of individually wrapped products made by the participating companies
Speaker 1: are now available in sizes that contain two hundred calories
Speaker 1: or less per pack. Planet Fitness is opening another location
Speaker 1: in New Jersey. You'll soon be able to flex your
Speaker 1: biceps at Hawthorne in Passaic County. It's the twelfth Planet
Speaker 1: Fitness club in northern New Jersey and the seventh in
Speaker 1: Passaic County. The opening date is slated for December. A
Speaker 1: Morgan Stanley strategist is weighing in on how the FED
Speaker 1: will handle interest rates. Michael Wilson, a strategist with the
Speaker 1: New York City based Investment Bank, predicts the end of
Speaker 1: the FEDS campaign to raise rates is coming soon. That's
Speaker 1: the Bloomberg Tri State Business Report. I'm windy to let
Speaker 1: all right, thank you Andy. It's 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 are on
Speaker 1: our three hundred affiliate radio stations around the world. I'm
Speaker 1: Steve potiscon wfl A, Tampa Bay. We're talking about the
Speaker 1: Florida Chick fil A finding success with a three day
Speaker 1: work week of thirteen to fourteen hour shifts. I'm joan
Speaker 1: donager telling w h A S listeners in Louisville. Macy's
Speaker 1: has updated job listings to include pay ranges. I'm Gina
Speaker 1: Servetti in for w b B M in Chicago. I'm
Speaker 1: reporting that the Walgreens controlled Village m D is looking
Speaker 1: at picking up sum At Health, the healthcare network that
Speaker 1: has almost four hundred locations. I'm Caroline had Complimpeg Dave
Speaker 1: Digitalato London. We're recording on the Prime Minister's first full
Speaker 1: week in the job as business confidence hits the lowest
Speaker 1: since Mars one. And those are some of the stories
Speaker 1: our twenty seven hundred Bloomberg journalists and analysts are working
Speaker 1: on this morning around the world. It is five thirty
Speaker 1: nine on Wall Street. The following is an editorial from
Speaker 1: Bloomberg Opinion. This sedatorial was written by the Bloomberg Editorial Board.
Speaker 1: Ukraine's government has received more than sixty billion dollars in
Speaker 1: assistance from the U S since the Russian invasion. Now
Speaker 1: some Republican leaders want to toughen oversight over how those
Speaker 1: funds are being spent. Their right to do so. Washington
Speaker 1: has accounted for two thirds of all military and humanitarian
Speaker 1: assistants offered to Ukraine since the start of the war.
Speaker 1: Supplies of American made weaponry have enabled Ukraine to withstand
Speaker 1: Russia's initial onslaught. It's imperative that the US ensure the
Speaker 1: money is being properly spent. With government spending already a
Speaker 1: campaign issue ahead of the midterms, it's inevitable that lawmakers,
Speaker 1: including some Democrats, will insist on greater transparency as a
Speaker 1: condition for more aid. The bipartisan supporting Congress for assisting
Speaker 1: Ukraine has been indispensable to the country's survival in the
Speaker 1: face of Vladimir Putin's assault. Greater transparency over the flow
Speaker 1: of US aid will help to ensure it lasts. This
Speaker 1: editorial was written by the Bloomberg Editorial Board. For more
Speaker 1: Bloomberg opinion, please go to Bloomberg dot com, slash Opinion
Speaker 1: or ope I n go on the Bloomberg terminal. This
Speaker 1: has been Bloomberg opinion, and this is Bloomberg. The Bloomberg
Speaker 1: Sports Report was brought to you by Audie. Don't let
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Speaker 1: dot com slash Managers. European stocks are trading mix now.
Speaker 1: Futures in Wall Street moving lower at the start of
Speaker 1: another busy week for earnings and a key federal reserve decision.
Speaker 1: We check the markets every fifteen minutes during the trading day.
Speaker 1: On Bloomberg, sup futures are down sixteen point, Stown futures
Speaker 1: down a hundred eleven, Nastack futures are lower by sixty
Speaker 1: seven points. The NACKS in Germany is up a tenth percent,
Speaker 1: while the CAT in Paris is down about a ten
Speaker 1: percent ten Your treasury is down eleven thirty seconds. Yield
Speaker 1: four point zero six percent yield on the two year
Speaker 1: four point four eight percent. Nime X screws moving lower
Speaker 1: down eight tenths percent or seventy three cents at eighty
Speaker 1: seven dollar. Seventeen cents of barrel Comics gold is down
Speaker 1: a tenth percent now or two dollars thirty cents at
Speaker 1: sixteen forty two fifty announced. The euro point seven against
Speaker 1: the dollar, British pound one point one five six six.
Speaker 1: The en is at one forty eight point to five.
Speaker 1: That's a Bloomberg business slash. And now here's Michael Barr
Speaker 1: with more on what's going on around the world. My
Speaker 1: thank you very much, Nathan. More than a hundred fifty
Speaker 1: people were killed in a crowd surge in Soul, South Korea.
Speaker 1: Mourners left flowers to pay tribute to the victims near
Speaker 1: the site. The Supreme Court revisits the issue of affirmative
Speaker 1: action today. The case before the Court will focus on
Speaker 1: admission policies at the University of North Carolina and at Harvard.
Speaker 1: In the NFL, the Giants lost, the Patriots beat the
Speaker 1: jet seventeen the Commanders and one. In the NBA, the
Speaker 1: Knicks lost, the Celtics beat the Wizards. The Warriors lost
Speaker 1: in hockey, the Devils and Rangers won. Game three of
Speaker 1: the World Series. Is tonighted in Philadelphia the Astros and
Speaker 1: Phillies so far or even at a game of piece.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred
Speaker 1: journalist and analysts more than a hundred twenty countries. Michael
Speaker 1: bar this is Bloomberg Gaming. All right, Thank you, Michael.
Speaker 1: It is Night on Wall Street, Live from the Bloomberg
Speaker 1: Interactive Broker Studios. This is bloom Daybreak. Brazilian President elector
Speaker 1: Louise in Ico Lula da Silva, calling for peace and
Speaker 1: unity for narrowly winning a divisive runoff election defeating far
Speaker 1: right incombat JR. Ball Sanero, who has yet to accept defeat.
Speaker 1: We are joined now live by Bloomberg Spanish bureau chief
Speaker 1: and former Brazilka respondent Rodrigo Ariella. All Rodrigo, thank you
Speaker 1: for taking the time with us this morning. As I said,
Speaker 1: Balsonnarro hasn't conceded yet. Is that a surprise to you
Speaker 1: or a concern at all? Hi High, I mean, I'm
Speaker 1: not sure it's a surprise that. I think it is
Speaker 1: definitely a concern for a lot of people. He has
Speaker 1: he has always portrayed himself a bit as an anti
Speaker 1: establishment person, even though he's been in politives for forty years,
Speaker 1: and he has been attacking and criticizing institutions such as
Speaker 1: the electro board for quite some time. So there is
Speaker 1: a lot of questions and uncertainty about what he could
Speaker 1: do or what he could say to um if if
Speaker 1: he decides not to concede the victory right and he
Speaker 1: and he has a lot of supporters who are also
Speaker 1: very very anti Lula, so it is it is not
Speaker 1: something to be relaxed about if he doesn't concede. Okay,
Speaker 1: so then what are you going to be watching for
Speaker 1: what happens now? Well as far as him conceding, you know,
Speaker 1: it's a question of him coming out and saying something
Speaker 1: because so far he has been pretty much locked up
Speaker 1: with his closest close as collaborators. He apparently hasn't even
Speaker 1: communicated with some of his ministers and lawmakers, so he's
Speaker 1: probably only locked up with these his sons who are
Speaker 1: who are his closest allies. So that's the first point
Speaker 1: to see what he does, But also it's I think
Speaker 1: it's important to see who does come out and concede
Speaker 1: victory um. For example, one of the leaders of the
Speaker 1: Bosonaro camp roughly in Congress has already conceded. So if
Speaker 1: more people who are close to the Bosonaro's fair do
Speaker 1: do that, it may also weaken any attempts not to concede.
Speaker 1: What would a little disover administration look like. Well, first
Speaker 1: of all, Lula built his campaign on a wide number
Speaker 1: of supporters who are not his traditional supporters. His current
Speaker 1: Vice President, Gerald L. Kim was actually his main contender
Speaker 1: in one of the previous elections. So he's he's a
Speaker 1: real it's a bit like a Democrat taking a leading
Speaker 1: Republican on his tickets, and and so he he really
Speaker 1: made an attempt to try to amplify the size of
Speaker 1: his of his support base. So another question is once
Speaker 1: he is in government, will he continued to do that?
Speaker 1: Will he still rely on all these people who are
Speaker 1: not really his party base. That's point number one. Point
Speaker 1: number two is he has spoken a lot about investing
Speaker 1: or spending on social programs and social plans, social benefits
Speaker 1: for the poor, and pulling out hundreds of millions of
Speaker 1: people out of poverty. And he has also spoken about
Speaker 1: the importance of environmental policies and protecting the Amazon um
Speaker 1: which Waltonaro did nothing to do and did none of
Speaker 1: that in in in his years and government. So there
Speaker 1: will clearly be a lot of public spending a top
Speaker 1: of Lula's agenda. Um, So that's a big question as well.
Speaker 1: All right, and we got about thirty seconds here. What
Speaker 1: other reactions are you hearing with this, Well, so far
Speaker 1: there have been a lot of support from a foreign
Speaker 1: from dignitaries including the President Biden, who were really quick
Speaker 1: out of the out of the gate to come and
Speaker 1: show the support and can see that Lula had one.
Speaker 1: All right, thank you so much, Bloomberg's Rodrigo Ariella, thank
Speaker 1: you for joining us. We really appreciate you taking the
Speaker 1: time with us this morning, and we're going to watch
Speaker 1: the developments in Brazil with you. Nathan. All right, Amy,
Speaker 1: thank you. It's down five fifty three on Wall Street.
Speaker 1: It's time for a Bloomberg Law Report, brought to you
Speaker 1: by American Arbitration Association. Business disputes are inevitable resolve faster
Speaker 1: with the American Arbitration Associate Ation the global leader in
Speaker 1: alternative dispute resolution for over ninety years. More at a
Speaker 1: d R dot org. Now let's get to the legal
Speaker 1: stories we're watching this morning with Bloomberg Jeff Ellinger, The
Speaker 1: Internal Revenue Service estimates the tax gap, the difference between
Speaker 1: taxes ode and taxes paid has grown to four hundred
Speaker 1: ninety six billion dollars. I Robot investors who sought to
Speaker 1: block the buyout by Amazon dot Com have withdrawn their lawsuits,
Speaker 1: but they left the door open to refiling their claims.
Speaker 1: The Ninth Circuit rejected a proposal by the city of Reno, Nevada,
Speaker 1: to tax streaming services such as Netflix and Hooli. Bloomberg
Speaker 1: Law everything you need, all on one legal research platform,
Speaker 1: including guidance analysis and Bloomberg Market Intelligence. Find out more
Speaker 1: at Bloomberg Law dot com. Now to another legal story
Speaker 1: we're watching. New York City will join a growing list
Speaker 1: of cities and states across the country when it's pay
Speaker 1: transparency law takes effect tomorrow. It requires most New York
Speaker 1: City employers to disclose the minimum and maximum annual salary
Speaker 1: or hourly wage in job postings. A statewide bill proposing
Speaker 1: a similar pay transparency law was passed by the New
Speaker 1: York State legislature in June and is awaiting the governor's signature.
Speaker 1: For more Bloomberg's June Grosso speaks to and Dana, a
Speaker 1: partner at King in Spaulding. I take it the point
Speaker 1: of this is not just to make life easier for
Speaker 1: job seekers, that there is also a hope that it
Speaker 1: will promote pay equity. Yes, I think proponents of pay
Speaker 1: disclosure laws do argue that these types of laws will
Speaker 1: help close the wage gap for women and minorities. You know,
Speaker 1: While it remains to be seen if this becomes a
Speaker 1: reality as these laws get passed, I think there's no
Speaker 1: doubt that these laws provide more pay information to applicants
Speaker 1: and to employees, and I think that we do anticipate
Speaker 1: that we're going to see that impact in the workplace, particularly,
Speaker 1: you know, I think some commentators are predicting that companies
Speaker 1: are going to be able to see what salary ranges
Speaker 1: their competitors are offering, and therefore kind of match what
Speaker 1: competitors are paying, which could actually alter some of the
Speaker 1: recruiting methods that are going on right now. I think
Speaker 1: other people are also anticipating that this may give rise
Speaker 1: to more pay equity litigation. Do you see this as
Speaker 1: a trend that's going to spread these pay transparency laws.
Speaker 1: I think that there's a real hunger right now from
Speaker 1: employees for access to more information about pay and I
Speaker 1: think that there's a trend with employers really looking to
Speaker 1: ensure they have employee trust and pay disclosures one of
Speaker 1: the ways to do that. In the past few years,
Speaker 1: we've seen a real proliferation of these types of laws,
Speaker 1: and that trend is expected to continue, and I think
Speaker 1: it's important to understand that context in order to see
Speaker 1: how New York City is kind of at the forefront
Speaker 1: of some of the changes in these laws. So one
Speaker 1: of the key differences that we've really been seeing in
Speaker 1: the passage of these laws is that originally the laws
Speaker 1: were really focused on being reactive, and they were only
Speaker 1: requiring pay disclosure when somebody asked for salary information, whether
Speaker 1: it was an applicant or when they were given a
Speaker 1: conditional offer. And now what we're seeing is a shift
Speaker 1: in the laws, and the laws are becoming more proactive,
Speaker 1: with states and cities amending these pay disclosure laws requiring
Speaker 1: employers to provide proactively salary ranges up front with posting
Speaker 1: of job advertisements. That's and Dana, a partner at King
Speaker 1: and Spaulding, speaking with Bloomberg's Ken Grosso. Catch more of
Speaker 1: that interview, plus analysis of the latest legal news by
Speaker 1: subscribing to the Bloomberg Law Podcast or downloading the show
Speaker 1: at Bloomberg dot com. Slash podcasts and attorneys can find
Speaker 1: exceptional legal research and business development tools at Bloomberg Law
Speaker 1: dot com and on the Bloomberg terminal at b law Go.
Speaker 1: Futures are moving lower and of a very busy week
Speaker 1: for earnings and a key FED decision on Wednesday. Right now,
Speaker 1: SMP futures are down twenty points down, futures down a
Speaker 1: hundred thirty nine, and nastac features are lower by seventy
Speaker 1: eight points. Germany's dacks is up a tenth percent, the
Speaker 1: cat in Paris is down two tenths percent, while the
Speaker 1: foot scene in London is up two tenths of one percent.
Speaker 1: Ten Your treasury is down twelve thirty seconds. The yield
Speaker 1: four point zero six percent yield on the two year
Speaker 1: four point four eight percent nime X screwed is now
Speaker 1: down one percent or eighty eight cents at eighty seven
Speaker 1: dollars two cents of barol comes. Gold down two tenths
Speaker 1: percent at sixty one ninety an ounce, and the euro
Speaker 1: is trading at point nine nine four one against the dollar.
Speaker 1: Bloomberg daybreak continues. This is Bloomberg