1 00:00:00,600 --> 00:00:04,280 Speaker 1: Live Blooloomberg Interactive Roger Studios. This is Bloomberg day Break 2 00:00:04,320 --> 00:00:07,920 Speaker 1: for Thursday, November seventeen two. Coming up this hour, did 3 00:00:08,000 --> 00:00:11,280 Speaker 1: Russia fire a missile into Poland? President Biden says that's 4 00:00:11,320 --> 00:00:14,720 Speaker 1: not the evidence. Now Ukraine is responding. We speak exclusively 5 00:00:14,800 --> 00:00:18,120 Speaker 1: with President Vladimir's Lensky. Republicans take control of the House, 6 00:00:18,120 --> 00:00:20,759 Speaker 1: setting up battles with Democrats on several fronts, and the 7 00:00:20,760 --> 00:00:24,360 Speaker 1: new UK Chancellor of the Exchequer prepares to details spending 8 00:00:24,400 --> 00:00:27,160 Speaker 1: cuts and tax hikes. New York City wants higher minimum 9 00:00:27,160 --> 00:00:30,280 Speaker 1: pay for half based food delivery workers. Plus former VP 10 00:00:30,440 --> 00:00:33,519 Speaker 1: Penn says Republicans have better choices than Donald Trump for 11 00:00:33,520 --> 00:00:36,760 Speaker 1: the White House. I Michael bar More ahead, John stashon sports, 12 00:00:36,760 --> 00:00:39,560 Speaker 1: The Knicks one in Denver, the local hockey teams, Plate Tonight, 13 00:00:39,600 --> 00:00:42,120 Speaker 1: and Aaron Judge expected to be named today, m V 14 00:00:44,440 --> 00:00:48,000 Speaker 1: that's Alls Training ahead on Bloomberg day Break on Bloomberg 15 00:00:48,040 --> 00:00:51,560 Speaker 1: he Live in three on New York, Bloomberg one, Washington, 16 00:00:51,680 --> 00:00:55,280 Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine 17 00:00:55,320 --> 00:00:59,560 Speaker 1: sixties and Francisco Syrius Exam one nine team and around 18 00:00:59,560 --> 00:01:02,440 Speaker 1: the World Down Bloomberg radio dot com and via the 19 00:01:02,440 --> 00:01:09,319 Speaker 1: Bloomberg Business app. Good morning, I'm Nathan Hagar and I'm 20 00:01:09,360 --> 00:01:13,039 Speaker 1: Karen Moscow in US. Dock Index futures are lower this morning. 21 00:01:13,040 --> 00:01:15,200 Speaker 1: We are coming up to five oh one on Wall Street, 22 00:01:15,200 --> 00:01:17,440 Speaker 1: and we check the markets every fifteen minutes throughout the 23 00:01:17,440 --> 00:01:20,120 Speaker 1: trading day on Bloomberg. Right now, S and P futures 24 00:01:20,160 --> 00:01:23,160 Speaker 1: are down seven points down, Future is down seventy and 25 00:01:23,240 --> 00:01:26,440 Speaker 1: AS day futures down nine. Ten year Treasury down nine 26 00:01:26,440 --> 00:01:28,960 Speaker 1: thirty seconds, you know, three point seven two per cent, 27 00:01:29,000 --> 00:01:31,119 Speaker 1: and the yield on the two year four point three 28 00:01:31,200 --> 00:01:34,480 Speaker 1: six percent. Nine X screwed oil is down six tents percent, 29 00:01:34,600 --> 00:01:37,120 Speaker 1: or forty nine cents at eighty five dollars ten cents 30 00:01:37,120 --> 00:01:39,600 Speaker 1: of barrel. Nathan, Karen. We'll get more on the markets 31 00:01:39,600 --> 00:01:41,039 Speaker 1: in a minute, but first we want to bring you 32 00:01:41,080 --> 00:01:43,680 Speaker 1: the latest on the investigation into the missile strike that 33 00:01:43,800 --> 00:01:47,640 Speaker 1: killed two people in Poland. Ukrainian President Vladimir z Lensky 34 00:01:47,720 --> 00:01:50,840 Speaker 1: has insisted the rocket came from Russia. President Biden was 35 00:01:50,880 --> 00:01:53,800 Speaker 1: asked about it this morning. What's your reacts to presidents 36 00:01:53,800 --> 00:01:56,720 Speaker 1: the West trading that the missiles been landed in Poland. 37 00:01:56,880 --> 00:02:04,040 Speaker 1: We're not Ukrainian that's in Biden, along with Poland and NATO, 38 00:02:04,200 --> 00:02:07,240 Speaker 1: all say the missile likely came from Ukraine's air defenses, 39 00:02:07,280 --> 00:02:11,440 Speaker 1: but they also say Russia bears ultimate responsibility. Well. President 40 00:02:11,480 --> 00:02:14,640 Speaker 1: Zelenski is also facing questions about the air strike. Nathan 41 00:02:14,680 --> 00:02:17,840 Speaker 1: Bloomberg News Editor in chief John mickle Thwaite spoke with 42 00:02:17,880 --> 00:02:20,480 Speaker 1: the President by a video link at the Bloomberg New 43 00:02:20,480 --> 00:02:23,360 Speaker 1: Economy Forum in Singapore. But I'm sure that this is 44 00:02:23,360 --> 00:02:26,519 Speaker 1: a Russian missile, and I'm sure that we were launching 45 00:02:26,560 --> 00:02:30,880 Speaker 1: the air defense missiles, but we can't say specifically that 46 00:02:30,919 --> 00:02:34,239 Speaker 1: this was the defense of Ukraine. Although we are grateful 47 00:02:34,240 --> 00:02:37,760 Speaker 1: for not being blamed because we are fighting against Russian 48 00:02:38,280 --> 00:02:42,280 Speaker 1: missiles in our territory. But nevertheless, we have to be 49 00:02:42,360 --> 00:02:47,359 Speaker 1: fair and honest. Until the investigation is over, we can't 50 00:02:47,400 --> 00:02:50,640 Speaker 1: say what kind of missile or what pieces of which 51 00:02:51,040 --> 00:02:54,880 Speaker 1: a missile fell on the Polish territory. Speaking through an interpreter, 52 00:02:54,960 --> 00:02:58,080 Speaker 1: President Vladimir Zolenski says Ukraine, we'll go to the blast 53 00:02:58,120 --> 00:03:01,079 Speaker 1: side in Poland as part of the investigation. Catch more 54 00:03:01,080 --> 00:03:03,840 Speaker 1: of our interview with the Ukrainian President from the Bloomberg 55 00:03:03,880 --> 00:03:07,640 Speaker 1: New Economy Forum coming up shortly in our program meantime, Karen, 56 00:03:07,720 --> 00:03:11,120 Speaker 1: future US financial support for Ukraine maybe in question. Now 57 00:03:11,120 --> 00:03:14,840 Speaker 1: the Republicans have officially gained control in the House of Representatives. 58 00:03:14,880 --> 00:03:17,680 Speaker 1: Amy Morris has details from our Bloomberg ninety nine newsroom 59 00:03:17,680 --> 00:03:20,720 Speaker 1: in Washington. It is a power shift in Washington, with 60 00:03:20,800 --> 00:03:24,280 Speaker 1: Republicans winning a narrow House majority. The GOP now has 61 00:03:24,280 --> 00:03:27,840 Speaker 1: subpoena power and control over powerful committees, and that has 62 00:03:27,880 --> 00:03:31,600 Speaker 1: Democrats worried about the future of President Biden's agenda and 63 00:03:31,760 --> 00:03:35,960 Speaker 1: future financial support for Ukraine. Republican lawmakers are set to 64 00:03:35,960 --> 00:03:39,600 Speaker 1: give closer scrutiny to financial support for Ukraine. House Minority 65 00:03:39,680 --> 00:03:42,760 Speaker 1: Leader Kevin McCarthy, who is set to become speaker, says 66 00:03:42,800 --> 00:03:45,800 Speaker 1: Republicans are not going to write a blank check. While 67 00:03:45,880 --> 00:03:49,640 Speaker 1: President Biden does have some workarounds, GOP demands will make 68 00:03:49,760 --> 00:03:53,200 Speaker 1: us allies uneasy in Washington. I maybe more as Bloomberg 69 00:03:53,280 --> 00:03:55,840 Speaker 1: daybreak right, I mean thank you. A Republican control of 70 00:03:55,880 --> 00:03:59,520 Speaker 1: the House may also benefit financial services firms. Next year, 71 00:03:59,520 --> 00:04:02,680 Speaker 1: the GEO he will lead the powerful Financial Services Committee, 72 00:04:02,680 --> 00:04:05,720 Speaker 1: which can demand information from the heads of agencies such 73 00:04:05,720 --> 00:04:09,040 Speaker 1: as the SEC and the Consumer Financial Protection Bureau, and 74 00:04:09,080 --> 00:04:12,760 Speaker 1: seek to dial up oversight on regulators. Analysts say banks 75 00:04:12,760 --> 00:04:15,560 Speaker 1: and hedge funds could gain from any slowdown in sec 76 00:04:15,720 --> 00:04:18,960 Speaker 1: actions in the UK. This morning, Karen, Investors are closely 77 00:04:19,040 --> 00:04:22,839 Speaker 1: watching Chancellor of the Exchequer Jeremy hunt he delivers details 78 00:04:22,839 --> 00:04:25,560 Speaker 1: on the UK's budget today. Let's go live to London 79 00:04:25,560 --> 00:04:27,880 Speaker 1: and get the very latest with Bloomberg's un parts. Good 80 00:04:27,880 --> 00:04:30,960 Speaker 1: morning you and good morning Athan and Karen. Tax rises 81 00:04:31,080 --> 00:04:34,280 Speaker 1: and government spending cuts are coming down the line. Chance 82 00:04:34,360 --> 00:04:36,679 Speaker 1: that Jeremy Hunts will stand up in the British Parliament 83 00:04:36,760 --> 00:04:39,080 Speaker 1: later this morning to set out how he plans to 84 00:04:39,120 --> 00:04:42,760 Speaker 1: make fifty five billion pounds of savings. That's the amount 85 00:04:42,839 --> 00:04:46,039 Speaker 1: needed for the government to meet its medium term debt targets. 86 00:04:46,279 --> 00:04:49,599 Speaker 1: The backdrop is UK inflation at a forty year high, 87 00:04:49,839 --> 00:04:54,200 Speaker 1: rapidly rising interest rates, and forecasts for a recession next year. 88 00:04:54,520 --> 00:04:57,599 Speaker 1: It's a tough hand to play in London. I'mun pot Spin, 89 00:04:57,640 --> 00:05:00,240 Speaker 1: bad Daybreak radio and thank you all. Monetary po less 90 00:05:00,440 --> 00:05:02,680 Speaker 1: is also in focus in Europe this morning. It looks 91 00:05:02,720 --> 00:05:05,600 Speaker 1: like the European Central Bank may slow down interest rate 92 00:05:05,680 --> 00:05:09,040 Speaker 1: hikes with only a fifty basis point increase next month. 93 00:05:09,279 --> 00:05:12,000 Speaker 1: Sources tell Bloomberg that initial talk suggests a lack of 94 00:05:12,040 --> 00:05:15,800 Speaker 1: momentum for another seventy five basis point move. Reasons cited 95 00:05:15,800 --> 00:05:19,159 Speaker 1: our mounting recession risks and a possible weakening of consumer 96 00:05:19,200 --> 00:05:21,839 Speaker 1: price pressures back here in the US here and another 97 00:05:21,880 --> 00:05:24,240 Speaker 1: FED officials on board was slowing the pace of rate 98 00:05:24,320 --> 00:05:28,719 Speaker 1: hikes here. Federal Reserve Governor Christopher Waller spoke in Phoenix yesterday, 99 00:05:28,960 --> 00:05:32,240 Speaker 1: looking forward to the FOMS December meeting, the data of 100 00:05:32,279 --> 00:05:35,360 Speaker 1: the past few weeks had made me more comfortable considering 101 00:05:35,760 --> 00:05:39,840 Speaker 1: stepping down to a fifty basis point hike. Christopher Waller 102 00:05:39,880 --> 00:05:41,840 Speaker 1: has been one of the more hawkish members of the FED. 103 00:05:41,880 --> 00:05:44,440 Speaker 1: The Central Bank has raised its benchmark interest rate by 104 00:05:44,440 --> 00:05:48,119 Speaker 1: seventy five basis points four straight times now. The latest 105 00:05:48,160 --> 00:05:51,320 Speaker 1: on the collapse of ft X, Nathan former CEO Sam 106 00:05:51,360 --> 00:05:54,200 Speaker 1: Bankman Freed is telling his side of the story, and 107 00:05:54,279 --> 00:05:57,480 Speaker 1: he's doing it through a series of tweets. Bankman freedommits 108 00:05:57,560 --> 00:06:00,520 Speaker 1: that ft X got over confident and careless and said 109 00:06:00,560 --> 00:06:03,000 Speaker 1: he would do his best to say if customers cash 110 00:06:03,360 --> 00:06:06,080 Speaker 1: new management, and ft X, says Bankman Free does not 111 00:06:06,400 --> 00:06:09,400 Speaker 1: speak on the company's behalf. Speaking of social media, Karen 112 00:06:09,440 --> 00:06:11,960 Speaker 1: the former chairman of Twitter, says Elon Musk could be 113 00:06:12,000 --> 00:06:15,599 Speaker 1: creating room for competitors. Patrick Fischette says that could happen 114 00:06:15,640 --> 00:06:19,000 Speaker 1: if Musk breaks the ethos of the Companyett told Radio 115 00:06:19,040 --> 00:06:21,000 Speaker 1: Canada it's too early to tell if Musk will be 116 00:06:21,040 --> 00:06:23,320 Speaker 1: good for Twitter. Now, let's take a look at some 117 00:06:23,400 --> 00:06:26,760 Speaker 1: stocks on the move this morning. Nathan Following earning, shares 118 00:06:26,800 --> 00:06:29,640 Speaker 1: a Cisco up about four percent. That's after the computer 119 00:06:29,720 --> 00:06:33,240 Speaker 1: networking company gave a bullish forecast. Shares of Nvidio up 120 00:06:33,240 --> 00:06:36,640 Speaker 1: more than two percent, the semiconductor maker posting quarterly sales 121 00:06:36,920 --> 00:06:39,760 Speaker 1: that topped estimate, as after his data center business helped 122 00:06:39,760 --> 00:06:43,080 Speaker 1: offset sluggish demand for video game chips. We also get 123 00:06:43,160 --> 00:06:46,880 Speaker 1: results from another chip maker today, Applied Materials reports earnings 124 00:06:46,920 --> 00:06:49,560 Speaker 1: after the closing bell. Well, the broader markets moving just 125 00:06:49,640 --> 00:06:51,560 Speaker 1: a little bit lower this morning. Karen s and P 126 00:06:51,720 --> 00:06:54,240 Speaker 1: futures right now are down six points, STOW futures down 127 00:06:54,279 --> 00:06:57,000 Speaker 1: six eight, Nastack futures are lower by five points. That's 128 00:06:57,000 --> 00:06:59,480 Speaker 1: a little changed to the downside. Ten. Your treasury is 129 00:06:59,520 --> 00:07:02,040 Speaker 1: down ten thirty seconds. Deal three point seven to percent. 130 00:07:02,120 --> 00:07:04,960 Speaker 1: Yield on the two year four point three six Nimex 131 00:07:05,000 --> 00:07:07,280 Speaker 1: screws down seven tenths percent at eighty five O one 132 00:07:07,320 --> 00:07:10,080 Speaker 1: a barrel. Comex gold is down four tenths percent at 133 00:07:10,080 --> 00:07:13,239 Speaker 1: seventeen sixty eight announced, and the euros at one point 134 00:07:13,400 --> 00:07:15,800 Speaker 1: zero three six five against the dollar. Straight to had 135 00:07:15,800 --> 00:07:19,720 Speaker 1: your latest local headlines into check of sports. This is Bloomberg. 136 00:07:23,240 --> 00:07:25,160 Speaker 1: It's sound five oh seven on Wall Street where thirty 137 00:07:25,160 --> 00:07:27,520 Speaker 1: eight degrees in Central Park. Looking for breezy conditions and 138 00:07:27,600 --> 00:07:30,880 Speaker 1: highs in the mid forties today at construction westbound l 139 00:07:30,960 --> 00:07:33,440 Speaker 1: A and Queens. Tell you more in traffic. First, Michael 140 00:07:33,480 --> 00:07:34,960 Speaker 1: Bars here with what else is going on in New 141 00:07:35,040 --> 00:07:38,000 Speaker 1: York and around the world. Good morning Michael, Good morning Nathan. 142 00:07:38,000 --> 00:07:41,160 Speaker 1: New York City is proposing a minimum pay rate for 143 00:07:41,240 --> 00:07:44,720 Speaker 1: app based food delivery workers like door Dash or a Grubhub. 144 00:07:45,320 --> 00:07:47,960 Speaker 1: It's a first of its kind plan from the city's 145 00:07:47,960 --> 00:07:50,760 Speaker 1: Department of Consumer and Worker Protection for the sixty thou 146 00:07:50,960 --> 00:07:54,280 Speaker 1: workers in the city. The minimum wage would be just 147 00:07:54,480 --> 00:07:58,120 Speaker 1: under twenty four an hour. Delivery app workers don't receive 148 00:07:58,160 --> 00:08:01,560 Speaker 1: a minimum wage or benefits US they are classified as 149 00:08:01,600 --> 00:08:05,520 Speaker 1: independent contractors. New York Mayor Eric Adams plans to hold 150 00:08:05,560 --> 00:08:08,480 Speaker 1: public hearings on a package of bills that will provide 151 00:08:08,520 --> 00:08:12,840 Speaker 1: support for survivors of domestic violence and agenda based violence, 152 00:08:13,120 --> 00:08:17,320 Speaker 1: strengthened the diversity of the New York City Fire Department 153 00:08:18,040 --> 00:08:22,320 Speaker 1: and the saw cities not plague by rats. Mayor Adams 154 00:08:22,320 --> 00:08:25,720 Speaker 1: says everyone deserves to be safe in their relationships and 155 00:08:25,880 --> 00:08:29,400 Speaker 1: live free of domestic and gender based violence. The mayor 156 00:08:29,520 --> 00:08:32,240 Speaker 1: also unveiled plans for a new home for the New 157 00:08:32,320 --> 00:08:35,640 Speaker 1: York City Football Club. Right now, fans had to Yankee 158 00:08:35,679 --> 00:08:39,560 Speaker 1: Stadium to watch match, and industrial section of Queens will 159 00:08:39,559 --> 00:08:42,640 Speaker 1: its point is set to be transformed into a facility 160 00:08:42,720 --> 00:08:45,880 Speaker 1: for the club. The seven eighty million dollars stadium, with 161 00:08:46,000 --> 00:08:50,000 Speaker 1: twenty five thousand seats, will be open in Former Vice 162 00:08:50,040 --> 00:08:52,679 Speaker 1: President Mike Pence did not say whether he would support 163 00:08:52,720 --> 00:08:56,320 Speaker 1: his boss, former President Donald Trump, in his re election 164 00:08:56,360 --> 00:08:59,240 Speaker 1: bid for the White House. Pence participated in the town 165 00:08:59,280 --> 00:09:02,160 Speaker 1: hall event on CNN last night. I think we'll have 166 00:09:02,280 --> 00:09:04,719 Speaker 1: better choices, better choices to my old ruyme mate. I 167 00:09:05,120 --> 00:09:07,600 Speaker 1: think America longs to go back to the policies that 168 00:09:07,640 --> 00:09:10,880 Speaker 1: we're working for the American people. But I think it's 169 00:09:10,880 --> 00:09:14,199 Speaker 1: time for new leadership. When asked about his own possible 170 00:09:14,240 --> 00:09:17,880 Speaker 1: presidential bid. Pence said, I'll keep you posted. A bus 171 00:09:17,920 --> 00:09:21,000 Speaker 1: carrying twenty eight people seeking asylum in the US arrived 172 00:09:21,000 --> 00:09:25,040 Speaker 1: in Philadelphia from Texas. The Philadelphia Health Commissioner and city 173 00:09:25,080 --> 00:09:29,000 Speaker 1: officials expressed frustration with a lack of communication from Texas 174 00:09:29,000 --> 00:09:33,800 Speaker 1: Governor Rabbitt about the arriving families. Philadelphia Mayor Jim Kenney says, 175 00:09:33,840 --> 00:09:36,640 Speaker 1: though the migrants are welcome, those who arrived today are 176 00:09:36,679 --> 00:09:40,000 Speaker 1: private individuals simply seeking safety and a place where they 177 00:09:40,000 --> 00:09:42,959 Speaker 1: can build a future. Let's remember that and welcome them 178 00:09:42,960 --> 00:09:46,520 Speaker 1: with grayson respect. Some families are moving on to other states, 179 00:09:46,559 --> 00:09:50,280 Speaker 1: including New York and Connecticut. Legislation protecting the right of 180 00:09:50,360 --> 00:09:53,760 Speaker 1: same sex couples to marry advanced in the Senate, setting 181 00:09:53,760 --> 00:09:56,760 Speaker 1: it up for passage by a simple majority as soon 182 00:09:56,880 --> 00:10:00,120 Speaker 1: as this week. Global News twenty four hours a day 183 00:10:00,120 --> 00:10:02,440 Speaker 1: on air and on Bloomberg Quick Take, powered by more 184 00:10:02,440 --> 00:10:05,000 Speaker 1: than the seven hundred journalists, analysts, more than a hundred, 185 00:10:05,000 --> 00:10:07,880 Speaker 1: twenty countries, and Michael Barr. This is Bloomberg, Nathan, Thank you, Michael. 186 00:10:12,360 --> 00:10:14,320 Speaker 1: Almost five ten on Wall Street time for the Bloomberg 187 00:10:14,320 --> 00:10:16,160 Speaker 1: Sports up. They brought to you by try State Downey. 188 00:10:16,200 --> 00:10:18,640 Speaker 1: Good morning, John, Stashot. Good morning, Nathan. The Knicks just 189 00:10:18,679 --> 00:10:21,400 Speaker 1: did something they haven't done in sixteen years. They won 190 00:10:21,400 --> 00:10:23,880 Speaker 1: a game in Denver, beat the Nuggets one of six, 191 00:10:23,880 --> 00:10:26,560 Speaker 1: one o three, certainly helped by Denver bean without its 192 00:10:26,679 --> 00:10:29,520 Speaker 1: m VP center, Nicola Yo kitchen was in COVID protocol. 193 00:10:29,520 --> 00:10:31,520 Speaker 1: But a big night for Julius Randall. He's playing more 194 00:10:31,559 --> 00:10:34,199 Speaker 1: like he did two years ago than last year when 195 00:10:34,200 --> 00:10:36,760 Speaker 1: he struggled. Randall with a season high thirty four points, 196 00:10:37,000 --> 00:10:38,959 Speaker 1: Jalen Brunson at at twenty one, and the nixt or 197 00:10:38,960 --> 00:10:40,880 Speaker 1: two whin O on the road trip. Next stop tomorrow 198 00:10:40,960 --> 00:10:43,920 Speaker 1: night at Golden State. The Warriors if any NBA champs. 199 00:10:43,960 --> 00:10:46,960 Speaker 1: They got fifty points from Steph Curry but lost in Phoenix. 200 00:10:46,960 --> 00:10:49,200 Speaker 1: The Warriors are six and one at home, but they 201 00:10:49,200 --> 00:10:51,200 Speaker 1: are now oh and eight on the road. The Nets 202 00:10:51,280 --> 00:10:53,440 Speaker 1: road trip ends tonight in Portland and they come home 203 00:10:53,440 --> 00:10:56,280 Speaker 1: and play Sunday, and the feeling is that is when 204 00:10:56,360 --> 00:10:59,600 Speaker 1: Kyrie Irvy might return from his suspension. Local hockey teams 205 00:10:59,600 --> 00:11:02,960 Speaker 1: on on the roa tonight, Rangers in Seattle, Islanders in Washington, 206 00:11:03,000 --> 00:11:05,480 Speaker 1: and the Red Hot Devils in Toronto, New Jersey, looking 207 00:11:05,520 --> 00:11:07,680 Speaker 1: to make it eleven wins in a row College shoot 208 00:11:07,720 --> 00:11:10,920 Speaker 1: seton Hall in New Jersey, lost it home to Iowa 209 00:11:10,960 --> 00:11:13,920 Speaker 1: by fourteen. Second rank Gonzaga lost at Texas by nineteen. 210 00:11:14,320 --> 00:11:17,640 Speaker 1: Week eleven begins tonight at Tennessee at Green Bay. Packers 211 00:11:17,640 --> 00:11:20,040 Speaker 1: just had that upset of Dallas to end a five 212 00:11:20,120 --> 00:11:23,360 Speaker 1: game losing streak. Justin Verlander goes from Tommy John to 213 00:11:23,559 --> 00:11:26,880 Speaker 1: Cy Young at age thirty nine, Named for the third time. 214 00:11:26,960 --> 00:11:29,440 Speaker 1: He had missed most of the previous two seasons with 215 00:11:29,520 --> 00:11:32,240 Speaker 1: the elbow injury, but pitched to a one point seven 216 00:11:32,280 --> 00:11:35,280 Speaker 1: five e r A in Houston. He won unanimously in 217 00:11:35,320 --> 00:11:37,920 Speaker 1: the a L the Marlin Sandy All Contra unanimous in 218 00:11:37,960 --> 00:11:41,080 Speaker 1: the n L Contra Throwback. He had six complete games 219 00:11:41,120 --> 00:11:43,400 Speaker 1: after sixty two home runs. You'd have to thank Aaron 220 00:11:43,440 --> 00:11:45,800 Speaker 1: Judge will be able to beat out last year's winner, 221 00:11:45,840 --> 00:11:48,439 Speaker 1: Show Aotani and win a L m v P today, 222 00:11:48,440 --> 00:11:50,800 Speaker 1: and if so, he'd be the first Yankee m v 223 00:11:50,880 --> 00:11:54,040 Speaker 1: P since Alex Rodriguez in two thousand nine. John stash 224 00:11:54,120 --> 00:11:58,800 Speaker 1: Aware Bloomberg Sports, Nathan, thank you, John, futures moving lower 225 00:11:59,080 --> 00:12:02,640 Speaker 1: on this Thursday morning. You're listening to Bloomberg Day Break. 226 00:12:02,720 --> 00:12:09,320 Speaker 1: Good morning, Bloomberg Sports is brought to you by Audie. 227 00:12:09,400 --> 00:12:11,520 Speaker 1: Don't let someone else drive off in the outie model 228 00:12:11,559 --> 00:12:14,080 Speaker 1: you've always wanted. Visit your local tri state autie dealer 229 00:12:14,120 --> 00:12:15,960 Speaker 1: to get behind the wheel of yours today, or visit 230 00:12:15,960 --> 00:12:23,680 Speaker 1: autie Offers dot com from more information, markets, headlines and 231 00:12:23,840 --> 00:12:27,080 Speaker 1: breaking news twenty four hours a day at Bloomberg dot Com, 232 00:12:27,200 --> 00:12:30,760 Speaker 1: the Bloomberg Business at and at Bloomberg Quick Take, He's 233 00:12:30,760 --> 00:12:39,720 Speaker 1: a Bloomberg business lash and I'm kared. Moscow and US 234 00:12:39,760 --> 00:12:43,280 Speaker 1: stock index futures are lower this morning, with SMP futures 235 00:12:43,280 --> 00:12:46,280 Speaker 1: down about five points down. Future is down sixty two 236 00:12:46,320 --> 00:12:49,000 Speaker 1: and now SAG future is little change. The decks in 237 00:12:49,120 --> 00:12:52,240 Speaker 1: Germany is higher up to tenths of uppercent ten year 238 00:12:52,280 --> 00:12:55,000 Speaker 1: treasury down eleven thirty seconds. You have three point seven 239 00:12:55,080 --> 00:12:57,600 Speaker 1: three percent. They yield on the two year four point 240 00:12:57,640 --> 00:13:00,440 Speaker 1: three six percent. Nim X s here doing is down 241 00:13:00,440 --> 00:13:02,680 Speaker 1: six tents per center fifty five cents at eighty five 242 00:13:02,720 --> 00:13:05,560 Speaker 1: dollars four cents of Barrel Comic School is down half 243 00:13:05,559 --> 00:13:08,080 Speaker 1: per cent or eight dollars ninety cents is seventeen sixty 244 00:13:08,120 --> 00:13:11,960 Speaker 1: seven announced. The euro one three zero against the dollar. 245 00:13:12,040 --> 00:13:14,640 Speaker 1: British found one point eight six six, the yet one 246 00:13:14,640 --> 00:13:18,000 Speaker 1: thirty nine point seven five and Bitcoin this morning is 247 00:13:18,040 --> 00:13:21,240 Speaker 1: it'll changed at sixteen thousand, five hundred dollars. That's a 248 00:13:21,280 --> 00:13:23,920 Speaker 1: Bloomberg Business Flash. Now here's Michael Barr with more on 249 00:13:24,040 --> 00:13:27,000 Speaker 1: what's going on around the world. Michael, good morning, Good morning, Karen. 250 00:13:27,080 --> 00:13:30,160 Speaker 1: Republicans of one control of the House by a slim majority. 251 00:13:30,280 --> 00:13:33,760 Speaker 1: It gives conservatives leverage to slow down President Joe Biden's 252 00:13:33,800 --> 00:13:38,559 Speaker 1: agenda and call for investigations. Ukrainian President Voladimir z Lensky 253 00:13:38,640 --> 00:13:42,040 Speaker 1: said only the return of territory taken by Russia will 254 00:13:42,080 --> 00:13:45,920 Speaker 1: allow an end to the two countries. War Zelenski spoke 255 00:13:45,920 --> 00:13:48,959 Speaker 1: in an interview conducted at the Bloomberg New Economy Forum 256 00:13:49,000 --> 00:13:51,920 Speaker 1: in Singapore. In the NBA, the next one, the Celtics 257 00:13:51,920 --> 00:13:55,160 Speaker 1: won their eighth straight the Wizards and Warriors lost. Global 258 00:13:55,200 --> 00:13:57,600 Speaker 1: News twenty four hours a day on air and on 259 00:13:57,640 --> 00:14:01,040 Speaker 1: Bloomberg Quicktake, powered by more than seven hundred journalist and 260 00:14:01,040 --> 00:14:03,640 Speaker 1: analysts more than a hundred twenty countries. Michael Barr, and 261 00:14:03,720 --> 00:14:06,440 Speaker 1: this is Bloomberg. Nathan, Okay, Michael, thank you. It's five 262 00:14:06,559 --> 00:14:10,520 Speaker 1: nineteen on Wall Street Live from the Bloomberg Interactive Broker Studios. 263 00:14:10,840 --> 00:14:13,640 Speaker 1: This is Bloomberg Daybreak. I'm Nathan Hagar. Let's bring you 264 00:14:13,679 --> 00:14:17,640 Speaker 1: more now on that interview that Ukrainian President voladimir's Lensky 265 00:14:17,679 --> 00:14:21,080 Speaker 1: gave us at the Bloomberg New Economy Forum in Singapore. 266 00:14:21,360 --> 00:14:24,400 Speaker 1: The Ukrainian president is speaking out on that deadly missile 267 00:14:24,520 --> 00:14:27,920 Speaker 1: that's struck Poland this week. Speaking with Bloomberg News Editor 268 00:14:27,920 --> 00:14:31,600 Speaker 1: in chief John Michael Thwaite, President Zelinsky insisted was a 269 00:14:31,680 --> 00:14:35,800 Speaker 1: Russian missile that landed over Ukraine's border. That's despite conflicting 270 00:14:35,840 --> 00:14:39,360 Speaker 1: claims from other world leaders. Speaking through an interpreter via 271 00:14:39,480 --> 00:14:43,040 Speaker 1: video link, President Zlinsky also discussed the don Boss region, 272 00:14:43,280 --> 00:14:48,960 Speaker 1: the Crimean Peninsula, and conditions for peace in Ukraine. Thank 273 00:14:48,960 --> 00:15:02,040 Speaker 1: you very much. You you have you have given a 274 00:15:02,160 --> 00:15:07,120 Speaker 1: very eloquent defense of Ukraine's position and of your future possibilities. 275 00:15:07,560 --> 00:15:10,040 Speaker 1: Can we just clear one thing up at the beginning, 276 00:15:10,760 --> 00:15:15,840 Speaker 1: the rocket that landed in Poland. You know that Poland, 277 00:15:15,920 --> 00:15:18,840 Speaker 1: the United States and others are saying that it appears 278 00:15:18,920 --> 00:15:22,280 Speaker 1: to be one of your defensive rockets. I think it's 279 00:15:22,280 --> 00:15:25,920 Speaker 1: clear no one blames you for this. You were trying 280 00:15:26,520 --> 00:15:30,880 Speaker 1: to shoot down Russian missiles as they came in that 281 00:15:31,000 --> 00:15:33,200 Speaker 1: you have, as far as I can see, insisted that 282 00:15:33,280 --> 00:15:37,760 Speaker 1: the rocket that hits Poland was fired by Russia. I 283 00:15:37,840 --> 00:15:42,840 Speaker 1: wonder if you still stand by that. Thank you for 284 00:15:42,880 --> 00:15:46,960 Speaker 1: this question. First of all, everyone has to understand that 285 00:15:47,000 --> 00:15:50,520 Speaker 1: there were about hundred missiles that were launched on that day, 286 00:15:51,560 --> 00:15:54,800 Speaker 1: and I'm grateful for the world too for the support 287 00:15:54,800 --> 00:15:58,920 Speaker 1: of Ukraine with air defense and anti missile defense. But nevertheless, 288 00:15:58,960 --> 00:16:02,360 Speaker 1: you can see what are the consequences and aftermaths of 289 00:16:02,440 --> 00:16:05,880 Speaker 1: the Russian War. This is not the first time that 290 00:16:06,000 --> 00:16:10,680 Speaker 1: the whole missile, a piece of missile of Russia falls 291 00:16:10,720 --> 00:16:13,720 Speaker 1: down on the territory of another country. Some time ago 292 00:16:14,360 --> 00:16:19,360 Speaker 1: on the same thing happened, the pieces of the Russian 293 00:16:20,040 --> 00:16:24,800 Speaker 1: missiles fell on the territory of Moldova and it was 294 00:16:24,880 --> 00:16:32,160 Speaker 1: aiming in Ukrainian territory. I don't know what happened this time. 295 00:16:32,200 --> 00:16:34,800 Speaker 1: We don't know a hundred percent. I think the world 296 00:16:34,840 --> 00:16:37,560 Speaker 1: also does know what happened under present in that situation. 297 00:16:38,120 --> 00:16:40,200 Speaker 1: But I'm sure that this is a Russian missile, and 298 00:16:40,240 --> 00:16:44,560 Speaker 1: I'm sure that we were launching the air defense missiles, 299 00:16:44,600 --> 00:16:48,120 Speaker 1: but we can't say specifically that this was the defense 300 00:16:48,160 --> 00:16:51,000 Speaker 1: of Ukraine. Although we are grateful for not being blamed 301 00:16:51,440 --> 00:16:55,320 Speaker 1: because we are fighting against Russian missiles in our territory. 302 00:16:55,400 --> 00:17:00,640 Speaker 1: But nevertheless we have to be fair and honest. Until 303 00:17:00,880 --> 00:17:03,920 Speaker 1: the investigation is over, we can't say what kind of 304 00:17:04,000 --> 00:17:08,280 Speaker 1: missile or what pieces of which missile fell on the 305 00:17:08,280 --> 00:17:13,240 Speaker 1: Polish territory. What we have seen the pictures, their diameter 306 00:17:13,359 --> 00:17:17,639 Speaker 1: of the whole shows that it couldn't have been just 307 00:17:17,800 --> 00:17:22,320 Speaker 1: the remnants of the air defense. That's what the military 308 00:17:22,680 --> 00:17:25,439 Speaker 1: told me. But again I would like to emphasize that 309 00:17:25,480 --> 00:17:28,280 Speaker 1: the most important is for the investigation to take place. 310 00:17:28,480 --> 00:17:33,560 Speaker 1: Yesterday we insisted for us to be part of joint 311 00:17:34,280 --> 00:17:38,359 Speaker 1: international investigative Group, and late at night we got the 312 00:17:38,400 --> 00:17:42,239 Speaker 1: confirmation and early in the morning our professionals will go 313 00:17:42,720 --> 00:17:46,520 Speaker 1: to the side and will be part of this professional investigation. 314 00:17:46,640 --> 00:17:49,080 Speaker 1: Thank you for clearing that up. And since the summer, 315 00:17:49,880 --> 00:17:54,840 Speaker 1: your military has made enormous progress in regaining your territory. 316 00:17:55,359 --> 00:17:59,119 Speaker 1: Most Obsoune cass On, I suppose the question I have 317 00:17:59,280 --> 00:18:03,399 Speaker 1: for you is what about Primea, which Vladimir putin our 318 00:18:03,480 --> 00:18:07,960 Speaker 1: next in two thousand and fourteen. Is your war aim 319 00:18:08,119 --> 00:18:13,080 Speaker 1: now to retake Primea or with merely taking back the 320 00:18:13,160 --> 00:18:19,280 Speaker 1: dombast be enough. Yeah, thank you for this question. War 321 00:18:21,359 --> 00:18:27,080 Speaker 1: is the war for our lives, guys. You do remember 322 00:18:28,400 --> 00:18:33,960 Speaker 1: the scale of occupation by Russia of our territory and 323 00:18:34,160 --> 00:18:39,680 Speaker 1: what happened in since the fourth of February, and our 324 00:18:39,760 --> 00:18:44,560 Speaker 1: objective was to just stay strong and bring back the 325 00:18:44,680 --> 00:18:50,800 Speaker 1: life and peace on our land. Unless we deoccupy that 326 00:18:50,960 --> 00:18:56,840 Speaker 1: our whole territory, this will not bring peace to us. Unfortunately. 327 00:18:56,920 --> 00:19:00,000 Speaker 1: This is the leader of Russian Federation. This is his decision, 328 00:19:00,040 --> 00:19:03,880 Speaker 1: and we see this. They don't want Ukraine to develop. 329 00:19:04,320 --> 00:19:07,120 Speaker 1: Ukraine has chosen its way forward and it will develop, 330 00:19:07,400 --> 00:19:12,040 Speaker 1: and it is developing in some areas. We're developing maaster 331 00:19:12,440 --> 00:19:17,320 Speaker 1: either during the war then Russia Federation which doesn't have 332 00:19:17,560 --> 00:19:22,359 Speaker 1: war on its soil. And so for the stability of 333 00:19:22,400 --> 00:19:27,679 Speaker 1: the situation for our country, so we we have to 334 00:19:27,720 --> 00:19:32,440 Speaker 1: say certain steps and I think that restoration of territorial 335 00:19:32,760 --> 00:19:36,240 Speaker 1: integrity of our country is one of those important steps 336 00:19:36,280 --> 00:19:39,920 Speaker 1: to be made, and also the support of international community, 337 00:19:40,080 --> 00:19:45,440 Speaker 1: investments and etcetera. Absolutely clear about it. De occupying as 338 00:19:45,480 --> 00:19:48,840 Speaker 1: you as you put it includes crimea. It is an 339 00:19:48,840 --> 00:19:52,280 Speaker 1: important difference because it would be taking the border back 340 00:19:52,960 --> 00:19:55,439 Speaker 1: to where it was the effective border where it was 341 00:19:55,480 --> 00:19:58,240 Speaker 1: in two thousand and fourteen. Is that your is that 342 00:19:58,359 --> 00:20:05,159 Speaker 1: your starting point? The full piece can happen. Great Crimea 343 00:20:05,680 --> 00:20:08,800 Speaker 1: is part of Ukraine. This is not just a state 344 00:20:09,000 --> 00:20:13,640 Speaker 1: within a state. It's part of our country and part 345 00:20:13,640 --> 00:20:22,320 Speaker 1: of our sovereignty. Therefore, indeed watching Chancellor Jeremy Hunt as 346 00:20:22,359 --> 00:20:25,680 Speaker 1: he delivers details on the UK budget. Elsewhere in Europe, 347 00:20:25,680 --> 00:20:29,359 Speaker 1: Bloomberg News reports talks of another seventy five basis point 348 00:20:29,440 --> 00:20:33,080 Speaker 1: rate hike from the European Central Bank lacks momentum, and 349 00:20:33,160 --> 00:20:36,600 Speaker 1: it appears the ECB will slow the pace of upcoming hikes. 350 00:20:36,760 --> 00:20:39,760 Speaker 1: Man Here in the US, Karen Fed Governor Christopher Waller's 351 00:20:39,840 --> 00:20:42,399 Speaker 1: voicing support for a fifty basis point increase at the 352 00:20:42,400 --> 00:20:46,640 Speaker 1: next f o MC meeting. The normally hawkish Waller spoken 353 00:20:46,680 --> 00:20:49,800 Speaker 1: Phoenix yesterday, Well, Nathan, we have more on the collapse 354 00:20:49,840 --> 00:20:53,240 Speaker 1: of Crypto Exchange f t X. In a series of twoeets, 355 00:20:53,280 --> 00:20:56,840 Speaker 1: former CEO Sam Bankman freed and it's f t X 356 00:20:56,880 --> 00:20:59,280 Speaker 1: got careless and said he would do his best to 357 00:20:59,359 --> 00:21:02,480 Speaker 1: save custom ammers cash. New management at f t X, 358 00:21:02,560 --> 00:21:05,880 Speaker 1: as Bankman Free does not speak on the company's behalf. 359 00:21:06,160 --> 00:21:07,919 Speaker 1: Let's get the latest on the war in Ukraine now 360 00:21:07,960 --> 00:21:11,399 Speaker 1: carrying in the investigation continuing to unfold into that missile 361 00:21:11,480 --> 00:21:14,760 Speaker 1: strike in Poland that killed two people. President Biden was 362 00:21:14,800 --> 00:21:17,320 Speaker 1: asked about it this morning. What's your reaction, presidents of 363 00:21:17,359 --> 00:21:21,440 Speaker 1: webspiep saying that the bissleson Wand and Poland were not Ukrainian. 364 00:21:23,160 --> 00:21:26,600 Speaker 1: That's not the overden. President Biden, along with Poland and 365 00:21:26,680 --> 00:21:30,000 Speaker 1: NATO all say the missile likely came from Ukraine's air defenses, 366 00:21:30,200 --> 00:21:33,600 Speaker 1: but they say Russia bears ultimate responsibility. And Nathan, as 367 00:21:33,600 --> 00:21:37,320 Speaker 1: you've been reporting, Ukanian President vladimir's Lensky insists it was 368 00:21:37,359 --> 00:21:40,520 Speaker 1: a Russian rocket that struck Poland. He was asked about 369 00:21:40,560 --> 00:21:43,480 Speaker 1: it by Bloomberg editor in chief John Micklethwaite at the 370 00:21:43,480 --> 00:21:47,680 Speaker 1: Bloomberg New Economy Forum in Singapore. Who were about hundred 371 00:21:47,960 --> 00:21:51,680 Speaker 1: missiles that will launch on that day. And I'm grateful 372 00:21:51,720 --> 00:21:55,080 Speaker 1: for the world too for the support of Ukraine with 373 00:21:55,400 --> 00:21:58,520 Speaker 1: air defense and anti missile defense. But nevertheless, you can 374 00:21:58,520 --> 00:22:02,440 Speaker 1: see what the consequences and optimus of the Russian war. 375 00:22:02,600 --> 00:22:06,400 Speaker 1: This is not the first time that the whole missile, 376 00:22:06,760 --> 00:22:10,399 Speaker 1: a piece of missile of Russia falls down on the 377 00:22:10,440 --> 00:22:15,040 Speaker 1: country of another country. President vladimir's Lenski, speaking through an interpreter, 378 00:22:15,280 --> 00:22:18,040 Speaker 1: says Ukraine will go to the blast site in Poland 379 00:22:18,119 --> 00:22:21,600 Speaker 1: as part of the investigation. Future US financial support for 380 00:22:21,720 --> 00:22:24,919 Speaker 1: Ukraine maybe in question, Karen. Now the Republicans have gained 381 00:22:25,080 --> 00:22:29,399 Speaker 1: narrow majorities in the House of Representatives GOP lawmakers are 382 00:22:29,400 --> 00:22:32,240 Speaker 1: going to give closer scrutiny to Ukraine aid. Republicans in 383 00:22:32,320 --> 00:22:35,600 Speaker 1: charge of the Financial Services Committee could also slow down 384 00:22:35,640 --> 00:22:39,520 Speaker 1: actions the Securities and Exchange Commission takes and that could 385 00:22:39,520 --> 00:22:43,760 Speaker 1: benefit banks and hedge funds. That's according to some analysts. Well, now, Nathan, 386 00:22:43,800 --> 00:22:45,280 Speaker 1: let's take a look at some of the stocks on 387 00:22:45,320 --> 00:22:48,400 Speaker 1: the move this morning following earning. Shears A Cisco up 388 00:22:48,400 --> 00:22:51,840 Speaker 1: four percent this morning. This is after the computer networking 389 00:22:51,840 --> 00:22:55,480 Speaker 1: company gave a bullish forecast. Shares of Nvidiera up almost 390 00:22:55,480 --> 00:22:58,800 Speaker 1: two and a half percent. The semiconductor maker posted quarterly 391 00:22:58,880 --> 00:23:02,800 Speaker 1: sales that opped estimates after its data center business helped 392 00:23:02,800 --> 00:23:06,560 Speaker 1: offset sluggish demand for video game ships. We also get 393 00:23:06,600 --> 00:23:10,800 Speaker 1: results from another chip maker today, Applied Materials reports earnings 394 00:23:10,840 --> 00:23:14,760 Speaker 1: after the closing bell, and futures this morning they're lower. 395 00:23:14,920 --> 00:23:18,080 Speaker 1: SMP futures down four points down. Futures down forty nine 396 00:23:18,160 --> 00:23:21,120 Speaker 1: nastack futures. They're little change. And the decks in Germany 397 00:23:21,200 --> 00:23:23,640 Speaker 1: is higher. Up three tenths of upper cent ten year 398 00:23:23,680 --> 00:23:26,600 Speaker 1: treasury down thirteen thirty seconds. You have three point seven 399 00:23:26,720 --> 00:23:30,280 Speaker 1: three per cent. Straight ahead, we have your latest local headlines, 400 00:23:30,480 --> 00:23:39,000 Speaker 1: plus a check of sports, and this is Bloomberg. Thanks Caring. 401 00:23:39,040 --> 00:23:41,159 Speaker 1: It's five thirty three on Wall Street, thirty eight degrees 402 00:23:41,240 --> 00:23:43,880 Speaker 1: in Central parkhead to the mid forties today, still got 403 00:23:43,880 --> 00:23:46,080 Speaker 1: that construction westbound l I E. Will tell you more 404 00:23:46,080 --> 00:23:48,560 Speaker 1: in Traffic First. Michael Barr has more on what's going 405 00:23:48,600 --> 00:23:50,680 Speaker 1: on in New York and around the world. Good morning, Michael, 406 00:23:50,800 --> 00:23:53,680 Speaker 1: Good morning Nathan. New York City is proposing a minimum 407 00:23:53,760 --> 00:23:57,160 Speaker 1: pay rate of nearly twenty four dollars an hour for 408 00:23:57,440 --> 00:24:01,080 Speaker 1: app based restaurant delivery workers who criss crossed the city. 409 00:24:01,359 --> 00:24:04,800 Speaker 1: The proposal from the Department of Consumer and Worker Protection 410 00:24:05,240 --> 00:24:09,440 Speaker 1: also acknowledges that the new higher minimum wage will mean 411 00:24:09,600 --> 00:24:14,120 Speaker 1: food deliveries will cost more for customers. The proposal would 412 00:24:14,119 --> 00:24:17,959 Speaker 1: cover salary expenses and insurance. The average worker is currently 413 00:24:18,000 --> 00:24:21,720 Speaker 1: earning just over eleven dollars an hour. Former Vice president 414 00:24:21,760 --> 00:24:24,919 Speaker 1: Mike Pence declined to say whether he believes Donald Trump 415 00:24:25,200 --> 00:24:28,200 Speaker 1: is fit to be president again. Pence spoke during a 416 00:24:28,280 --> 00:24:32,400 Speaker 1: CNN town hall last night, Well, let me say there 417 00:24:32,440 --> 00:24:34,680 Speaker 1: there may be somebody else in that contest. I'd prefer 418 00:24:34,720 --> 00:24:40,560 Speaker 1: more Jack anyone in mind. You know, I honestly believe 419 00:24:40,600 --> 00:24:43,160 Speaker 1: we're gonna have better choices. When asked whether he will 420 00:24:43,240 --> 00:24:45,840 Speaker 1: run for the White House, Pence set I'll keep you posted. 421 00:24:46,400 --> 00:24:49,439 Speaker 1: Democrats in the Senate are moving forward on passing federal 422 00:24:49,520 --> 00:24:54,040 Speaker 1: same sex marriage protections. The measure advanced on a seven 423 00:24:54,080 --> 00:24:57,119 Speaker 1: procedural vote, setting it up a passage by a simple 424 00:24:57,160 --> 00:25:00,040 Speaker 1: majority as soon as this week. Among the geo he 425 00:25:00,040 --> 00:25:03,600 Speaker 1: remembers supporting the measure, he is retiring Ohio Senator Rob 426 00:25:03,760 --> 00:25:07,760 Speaker 1: Portman settled this issue once and for all. Millions of 427 00:25:07,800 --> 00:25:10,920 Speaker 1: American couples, including many of Ohio, are counting on their 428 00:25:10,920 --> 00:25:15,120 Speaker 1: electric representative and Congress to recognize and protect their marriage. 429 00:25:15,359 --> 00:25:17,639 Speaker 1: To give them the peace of mind to know that 430 00:25:17,680 --> 00:25:22,080 Speaker 1: their marriage is indeed protected and secure. Senator A. Portman says, 431 00:25:22,119 --> 00:25:24,439 Speaker 1: if approved, the bill would need to go back to 432 00:25:24,520 --> 00:25:27,200 Speaker 1: the House for their vote before President Biden could sign 433 00:25:27,240 --> 00:25:30,720 Speaker 1: it into loan. Former President Trump's niece tried to revive 434 00:25:30,720 --> 00:25:33,919 Speaker 1: her lawsuit against her uncle. After a judge dismissed her 435 00:25:34,000 --> 00:25:37,359 Speaker 1: lawsuit against former President Trump and his siblings, Mary Trump 436 00:25:37,359 --> 00:25:40,159 Speaker 1: filed a notice of appeal that said the dismissal was 437 00:25:40,200 --> 00:25:43,560 Speaker 1: an error. Mary Trump has claimed Donald Trump and his 438 00:25:43,680 --> 00:25:47,800 Speaker 1: siblings threatened to bankrupt her and tried to defraud her 439 00:25:47,920 --> 00:25:50,879 Speaker 1: out of her rightful share of an inheritance from her grandfather. 440 00:25:51,440 --> 00:25:54,040 Speaker 1: Global News twenty four hours a day on air and 441 00:25:54,200 --> 00:25:57,960 Speaker 1: on Bloomberg Quicktake, powered by more than seven hundred journalists 442 00:25:57,960 --> 00:26:00,760 Speaker 1: and analysts more than a hundred twenty countries. Michael Barr 443 00:26:00,800 --> 00:26:08,639 Speaker 1: and this is Bloomberg, Nathan. Thank you Michael on All 444 00:26:08,640 --> 00:26:10,560 Speaker 1: Street time for the Bloomberg Sports Update, brought you by 445 00:26:10,600 --> 00:26:12,879 Speaker 1: Trice State. How do you Useton, Tesshow all right? Anathan? 446 00:26:12,880 --> 00:26:14,960 Speaker 1: The Nicks road trip again with back to back games 447 00:26:15,000 --> 00:26:17,959 Speaker 1: in Utah and Denver. The Jazz and the Nuggets were 448 00:26:18,000 --> 00:26:20,400 Speaker 1: the only two NBA teams who had not lost at home, 449 00:26:20,880 --> 00:26:22,720 Speaker 1: and the Knicks beat them. Boats certainly didn't hurt the 450 00:26:22,800 --> 00:26:26,240 Speaker 1: Nuggets through without star center Nicola Yokich using COVID protocol, 451 00:26:26,240 --> 00:26:28,280 Speaker 1: and Knicks took advantage. They won one oh six one 452 00:26:28,320 --> 00:26:30,280 Speaker 1: oh three. It's their first win in Denver since two 453 00:26:30,320 --> 00:26:34,440 Speaker 1: thousand six. Julius Randall thirty four points. Jalen Brunson added 454 00:26:34,480 --> 00:26:36,840 Speaker 1: twenty one nets. Play tonight in Portland, they're still without 455 00:26:37,160 --> 00:26:40,479 Speaker 1: the suspended Kyrie Irving, but there's word Irving might return 456 00:26:40,600 --> 00:26:43,760 Speaker 1: Sunday in Brooklyn, local hopping teams all on the road tonight. 457 00:26:44,119 --> 00:26:47,359 Speaker 1: Aaron Judge expected to be named American League m VP today, 458 00:26:47,520 --> 00:26:50,800 Speaker 1: which would make thirteen Yankees to have won twenty one 459 00:26:50,960 --> 00:26:52,760 Speaker 1: m v p s and then all Judge would now 460 00:26:52,840 --> 00:26:55,760 Speaker 1: need is a new contract. His good friend Anthony Rizzo's 461 00:26:55,800 --> 00:26:57,800 Speaker 1: coming back. He was a free agent but re signed. 462 00:26:58,359 --> 00:27:01,760 Speaker 1: Not everyone thrives playing in New York, Rizzo does. To 463 00:27:01,920 --> 00:27:06,320 Speaker 1: be a part of this iconic franchise UM is amazing. 464 00:27:06,400 --> 00:27:07,600 Speaker 1: And to be able to be a part of it 465 00:27:07,720 --> 00:27:11,560 Speaker 1: for at least two more years, UM, it's just it's 466 00:27:11,560 --> 00:27:15,440 Speaker 1: an amazing feeling. That's really to be in the big markets. Durner, 467 00:27:15,480 --> 00:27:22,520 Speaker 1: the bright lights. UM. To have that scrutiny is just 468 00:27:22,840 --> 00:27:24,760 Speaker 1: what I love about one of the many things I 469 00:27:24,840 --> 00:27:27,960 Speaker 1: love about this game. So young winners, Houston's Justin Verlander, 470 00:27:28,080 --> 00:27:31,800 Speaker 1: Miami Sandy al Contra both wanted unanimously. Verlander making it 471 00:27:31,880 --> 00:27:34,720 Speaker 1: back from Tommy John surgery to win at age thirty nine. 472 00:27:34,760 --> 00:27:37,320 Speaker 1: It's his third cy Young should cement him as a 473 00:27:37,600 --> 00:27:39,760 Speaker 1: first ballot Hall of Famer. He's now a free agent. 474 00:27:40,080 --> 00:27:43,280 Speaker 1: Wake eleven begins tonight Tennessee at Green Bay College. Hoops, 475 00:27:43,320 --> 00:27:45,879 Speaker 1: Texas beat second ranking Zaga. Seaton Hall lost at home 476 00:27:45,960 --> 00:27:50,119 Speaker 1: to Iowa. Johns Gashwar Bloomberg Sports thanks John seven on 477 00:27:50,200 --> 00:27:52,440 Speaker 1: Wall Street Time for the Tri State Business Report with 478 00:27:52,480 --> 00:27:56,119 Speaker 1: Bloomberg Johan Donager. New York is number one among the 479 00:27:56,160 --> 00:27:59,280 Speaker 1: worst cities for driving. A report from Circuit and f 480 00:27:59,480 --> 00:28:02,920 Speaker 1: based company that focuses on route planning finds New York 481 00:28:02,960 --> 00:28:06,760 Speaker 1: City as the highest congestion level, number of traffic jams, 482 00:28:07,080 --> 00:28:10,520 Speaker 1: length of traffic jams, and the city ties Philadelphia for 483 00:28:10,600 --> 00:28:13,920 Speaker 1: the worst driving speeds. A fifty two million dollar gift 484 00:28:13,960 --> 00:28:16,760 Speaker 1: to Hunter College from the chairman emeritus of State Lauder. 485 00:28:17,160 --> 00:28:19,640 Speaker 1: The Time says Leonard Lauder is set to announce he's 486 00:28:19,680 --> 00:28:21,840 Speaker 1: donating the money in honor of his late wife, a 487 00:28:21,920 --> 00:28:24,720 Speaker 1: Hunter graduate. The money will allow the school to educate 488 00:28:24,760 --> 00:28:28,160 Speaker 1: more nurses. Hutter's president says this is the largest single 489 00:28:28,280 --> 00:28:30,760 Speaker 1: donation ever made to a school that's part of the 490 00:28:30,800 --> 00:28:34,520 Speaker 1: City University of New York. And Teva Pharmaceuticals has settled 491 00:28:34,560 --> 00:28:37,800 Speaker 1: with New York State Attorney General Leticia James says the 492 00:28:37,880 --> 00:28:41,680 Speaker 1: five hundred twenty three million dollars settlement is the largest 493 00:28:41,840 --> 00:28:45,360 Speaker 1: reached with an individual opioid defendant. It ends the state's 494 00:28:45,400 --> 00:28:48,720 Speaker 1: claims against Tava. And that's the Bloomberg Try State Business 495 00:28:48,800 --> 00:28:52,040 Speaker 1: Report on Joan Donnager. Thanks to eight on Wall Street, 496 00:28:52,040 --> 00:28:54,520 Speaker 1: Bloomberg Radio is on the air from San Francisco to 497 00:28:54,600 --> 00:28:57,040 Speaker 1: New York, London to Hong Kong. Let's check in with 498 00:28:57,080 --> 00:28:58,960 Speaker 1: our global news team for some of the top stories 499 00:28:59,000 --> 00:29:02,040 Speaker 1: heard on our three hundred affiliate radio stations around the world. 500 00:29:05,040 --> 00:29:08,360 Speaker 1: I'm Steve Potascott K and X in Los Angeles. We're 501 00:29:08,400 --> 00:29:13,480 Speaker 1: talking about leadership changes at CBS as paramount global restructures, 502 00:29:14,000 --> 00:29:17,560 Speaker 1: um Corny Donahoe on ktr H in Houston. Thanksgiving dinner 503 00:29:17,600 --> 00:29:20,280 Speaker 1: will cost a whopping twenty per cent more this year. 504 00:29:20,560 --> 00:29:24,000 Speaker 1: I'm Gina Servetti and for w c c O in Minneapolis. 505 00:29:24,080 --> 00:29:27,320 Speaker 1: I'm reporting that shares of Target tumbled after the retailer 506 00:29:27,440 --> 00:29:31,240 Speaker 1: warned the US shoppers are pulling back, hitting profit and 507 00:29:31,440 --> 00:29:35,520 Speaker 1: lowering its outlook. I'm Jeff Bellinger and on wtv N 508 00:29:35,600 --> 00:29:38,520 Speaker 1: in Columbus. I'm reporting on the latest additions to the 509 00:29:38,600 --> 00:29:43,000 Speaker 1: menu at doublin Ohio base Wendy's. I'm callin head complained 510 00:29:43,000 --> 00:29:45,080 Speaker 1: back the A B DISHO Radio in London, We've been 511 00:29:45,080 --> 00:29:47,520 Speaker 1: reporting on the p Chanson is saying he will face 512 00:29:47,680 --> 00:29:51,120 Speaker 1: into the storm in his Alton statements. I'm John Donnegret 513 00:29:51,160 --> 00:29:54,640 Speaker 1: telling w w J listeners in Detroit. GM is getting 514 00:29:54,640 --> 00:29:57,440 Speaker 1: ready to pace investors today. Those are some of the 515 00:29:57,480 --> 00:30:00,480 Speaker 1: stories are twenty Bloomberg journalists and anal us to working 516 00:30:00,520 --> 00:30:02,880 Speaker 1: on this morning. It's thirty nine on Wall Street. The 517 00:30:03,000 --> 00:30:07,240 Speaker 1: following is an editorial from Bloomberg Opinion. This editorial was 518 00:30:07,280 --> 00:30:10,600 Speaker 1: written by the Bloomberg Editorial Board. Having a mote might 519 00:30:10,640 --> 00:30:12,920 Speaker 1: seem like an advantage when it comes to controlling who 520 00:30:12,960 --> 00:30:15,400 Speaker 1: gets into your country, but that's not the case for 521 00:30:15,480 --> 00:30:18,840 Speaker 1: the UK, where a surgeon migrants arriving by boat is 522 00:30:18,920 --> 00:30:22,800 Speaker 1: overwhelming the country's asylum system. In response, the government of 523 00:30:22,880 --> 00:30:26,760 Speaker 1: Prime Minister Rishi Sunak has revived plans to support some 524 00:30:26,880 --> 00:30:30,040 Speaker 1: asylum seekers to Rwanda, where they'd be allowed to settle 525 00:30:30,080 --> 00:30:33,640 Speaker 1: if their claims are approved, but Britain's partnership with Rwanda, 526 00:30:33,800 --> 00:30:36,640 Speaker 1: which has a less than spotless human rights record, carries 527 00:30:36,680 --> 00:30:40,040 Speaker 1: significant risks. It would be better to focus on fixing 528 00:30:40,120 --> 00:30:43,840 Speaker 1: the existing immigration system, for example, by investing in staff 529 00:30:43,880 --> 00:30:47,080 Speaker 1: and technology to speed up asylum claims. The UK has 530 00:30:47,120 --> 00:30:50,200 Speaker 1: shown itself capable of leadership on some migration issues in 531 00:30:50,280 --> 00:30:54,200 Speaker 1: recent years. Pushing ahead with this ill considered scheme would 532 00:30:54,240 --> 00:30:57,760 Speaker 1: tarnish its hard earned reputation. This editorial was written by 533 00:30:57,760 --> 00:31:00,880 Speaker 1: the Bloomberg Editorial Board. For more Bloomer opinion, please go 534 00:31:00,960 --> 00:31:03,960 Speaker 1: to Bloomberg dot com, slash opinion or opi n go 535 00:31:04,200 --> 00:31:07,400 Speaker 1: on the Bloomberg terminal. These has been Bloomberg opinion and 536 00:31:07,480 --> 00:31:10,240 Speaker 1: you can hear Bloomberg opinion editorials every weekday. At this time. 537 00:31:10,360 --> 00:31:13,280 Speaker 1: Terminal customers can read more at op I n go. 538 00:31:14,000 --> 00:31:16,840 Speaker 1: SMP futures down seven points, soun futures down seventy five, 539 00:31:16,920 --> 00:31:22,960 Speaker 1: dance that futures down eleven. This is Bloomberg and Bloomberg 540 00:31:23,000 --> 00:31:24,880 Speaker 1: Sports is brought to you by Audie. Don't let someone 541 00:31:24,920 --> 00:31:27,160 Speaker 1: else drive off in the autie model you've always wanted. 542 00:31:27,240 --> 00:31:29,440 Speaker 1: Visit your local price state autie dealer. Here behind the 543 00:31:29,440 --> 00:31:32,160 Speaker 1: wheel of yours today, or visit Autie Offers dot com 544 00:31:32,320 --> 00:31:40,080 Speaker 1: for more information, markets, headlines and breaking news twenty four 545 00:31:40,120 --> 00:31:43,120 Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business 546 00:31:43,200 --> 00:31:46,800 Speaker 1: Out and at Bloomberg Quick Take, He's a Bloomberg Business 547 00:31:46,840 --> 00:31:55,760 Speaker 1: Flash and I'm Karen Moscow. US dot Index futures are 548 00:31:55,800 --> 00:31:59,280 Speaker 1: lower this morning, the dollar rising amid mounting concerns about 549 00:31:59,280 --> 00:32:01,360 Speaker 1: the health of the brid our economy and signs that 550 00:32:01,480 --> 00:32:05,080 Speaker 1: the Federal Reserve did not see rate hikes pausing anytime soon. 551 00:32:05,440 --> 00:32:07,840 Speaker 1: To check the markets every fifteen minutes throughout the trading 552 00:32:07,920 --> 00:32:11,320 Speaker 1: day on Bloomberg SMP Future is down eight points down, 553 00:32:11,400 --> 00:32:14,360 Speaker 1: futures down eighty five, nastack features down four teen, the 554 00:32:14,480 --> 00:32:16,960 Speaker 1: decks in Germany's up about two tenths of upper cent 555 00:32:17,320 --> 00:32:19,840 Speaker 1: ten year Treasury down fourteen thirty seconds. You have three 556 00:32:19,880 --> 00:32:22,239 Speaker 1: point seven three percent. They yield on the two year 557 00:32:22,360 --> 00:32:25,520 Speaker 1: four point three six percent. NIMEX Screwed oil is down 558 00:32:25,560 --> 00:32:27,880 Speaker 1: three quarters of a percent, down sixty four cents at 559 00:32:27,880 --> 00:32:30,640 Speaker 1: eighty four dollars ninety five cents a barrel comic school 560 00:32:30,680 --> 00:32:33,080 Speaker 1: down six tenths percent or ten dollars fifty cents at 561 00:32:33,120 --> 00:32:36,440 Speaker 1: seventeen sixty five thirty ounce, the euro one point oh 562 00:32:36,520 --> 00:32:38,800 Speaker 1: three four eight against the dollar British found one point 563 00:32:38,880 --> 00:32:41,040 Speaker 1: one eight five nine and the end at one thirty 564 00:32:41,120 --> 00:32:44,440 Speaker 1: nine point eight eight and Bitcoin this morning middle change 565 00:32:44,520 --> 00:32:48,280 Speaker 1: at sixteen thousand, five hundred dollars. That's a Bloomberg business flash. 566 00:32:48,320 --> 00:32:50,840 Speaker 1: Now here's Michael Barr with more unless going on around 567 00:32:50,880 --> 00:32:53,840 Speaker 1: the world. Michael Karen, thank you very much. Republicans have 568 00:32:53,960 --> 00:32:57,040 Speaker 1: won a narrow House majority. More than a week after 569 00:32:57,160 --> 00:33:00,000 Speaker 1: election day, the party finally gained the minimum two hundred 570 00:33:00,000 --> 00:33:03,280 Speaker 1: at eighteen seats needed to control the chamber when a 571 00:33:03,480 --> 00:33:08,800 Speaker 1: p called incumbent Republican representative Mike Garcia, who defeated Democrat 572 00:33:08,920 --> 00:33:13,840 Speaker 1: Christie Smith in California. Ukrainian regional governor says a Russian 573 00:33:13,880 --> 00:33:17,400 Speaker 1: missile strike has hit Ukraine's southern Odessa region for the 574 00:33:17,440 --> 00:33:20,920 Speaker 1: first time in weeks. Today's blast follows the huge barrage 575 00:33:21,080 --> 00:33:24,040 Speaker 1: of Russian strikes this week that also resulted in a 576 00:33:24,160 --> 00:33:27,920 Speaker 1: deadly missile explosion hitting Poland. In the NBA, the next 577 00:33:28,000 --> 00:33:30,600 Speaker 1: one the Celtics. They won their eighth straight. They beat 578 00:33:30,640 --> 00:33:35,160 Speaker 1: the Hawks one. The Wizards and Warriors lost. Global News 579 00:33:35,240 --> 00:33:38,440 Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake, 580 00:33:38,680 --> 00:33:41,680 Speaker 1: powered by more than hundred journalist and analyst more than 581 00:33:41,720 --> 00:33:45,080 Speaker 1: a hundred twenty countries. Michael Barr and this Bloomberg Nathan. 582 00:33:45,240 --> 00:33:47,160 Speaker 1: Thank you, Michael. It's just about five forty nine on 583 00:33:47,200 --> 00:33:50,080 Speaker 1: Wall Street Live from the Bloomberg Interactive Brokers Studios. This 584 00:33:50,200 --> 00:33:52,280 Speaker 1: is Bloomberg day Break. We want to get more now 585 00:33:52,400 --> 00:33:55,480 Speaker 1: on the war in Ukraine and the investigation into that 586 00:33:55,560 --> 00:33:57,920 Speaker 1: missile strike into Poland. For that, we're joined live by 587 00:33:57,960 --> 00:34:01,920 Speaker 1: Bloomberg News Executive Editor for in National Government, Rosalind Matheson 588 00:34:02,400 --> 00:34:05,959 Speaker 1: Rose Good morning. For the last few hours, Ukraine has 589 00:34:05,960 --> 00:34:10,400 Speaker 1: been insistent that that strike came from Russia. President Biden 590 00:34:10,440 --> 00:34:13,200 Speaker 1: overnight said that's not the evidence. But did we hear 591 00:34:13,239 --> 00:34:15,600 Speaker 1: maybe a little bit of nuance from the Ukrainian president 592 00:34:15,640 --> 00:34:19,480 Speaker 1: in his latest comments now to Bloomberg's John mcclthwade, Well, 593 00:34:19,520 --> 00:34:21,720 Speaker 1: that's right, you saw a little bit of softening perhaps 594 00:34:21,800 --> 00:34:24,960 Speaker 1: of the language from the Ukrainian president in those remarks. 595 00:34:25,120 --> 00:34:27,720 Speaker 1: He still says that perhaps we'll never know a hundred 596 00:34:27,760 --> 00:34:31,440 Speaker 1: percent what happened in Poland. He's sure it's a Russian missile, 597 00:34:31,680 --> 00:34:34,960 Speaker 1: but that also he acknowledges that Ukraine on that day, 598 00:34:35,040 --> 00:34:38,520 Speaker 1: because they were facing a barrage of missile attacks, they 599 00:34:38,560 --> 00:34:42,160 Speaker 1: were in turn launching all their anti missile weaponry back 600 00:34:42,239 --> 00:34:44,799 Speaker 1: at it. And in that moment, when you know, more 601 00:34:44,840 --> 00:34:48,400 Speaker 1: than a hundred rockets are flying across its country, something 602 00:34:48,480 --> 00:34:51,680 Speaker 1: potentially at some point went wrong. Uh. The reality is 603 00:34:51,760 --> 00:34:54,480 Speaker 1: that either way, whatever happened, you can see a desire 604 00:34:55,000 --> 00:34:57,920 Speaker 1: on the part of Poland other NATO members new As 605 00:34:58,000 --> 00:35:00,960 Speaker 1: simply to call this a terrible act, sident and move on, 606 00:35:01,120 --> 00:35:04,480 Speaker 1: and to say, more broadly reflects the reality that you 607 00:35:04,520 --> 00:35:08,040 Speaker 1: know that Russia invaded Ukraine nine months ago and has 608 00:35:08,160 --> 00:35:10,960 Speaker 1: caused this is the after effect of that. And so 609 00:35:11,640 --> 00:35:13,880 Speaker 1: you can see that there's no intent really to assign 610 00:35:14,000 --> 00:35:17,080 Speaker 1: blame here no matter what. But the Ukrainians are saying 611 00:35:17,120 --> 00:35:18,719 Speaker 1: they want to go and inspect the site, they want 612 00:35:18,719 --> 00:35:21,240 Speaker 1: to proper look at it, and they're still sick, sticking 613 00:35:21,400 --> 00:35:24,880 Speaker 1: somewhat the idea that this was fired by Russia itself. 614 00:35:25,320 --> 00:35:28,880 Speaker 1: Did we hear any concern from President Zalinski in his 615 00:35:29,040 --> 00:35:35,040 Speaker 1: comments this morning that he is worried about potential loss 616 00:35:35,239 --> 00:35:39,560 Speaker 1: of support from the US and NATO following this incident, 617 00:35:39,600 --> 00:35:43,600 Speaker 1: and trying to shore that up now, but no sense 618 00:35:43,680 --> 00:35:45,920 Speaker 1: of that in fact, and certainly, if anything, there's been 619 00:35:45,960 --> 00:35:49,719 Speaker 1: nothing but strongest statements of support from NATO, including the 620 00:35:49,840 --> 00:35:52,319 Speaker 1: US since this incident. Suddenly they see it as something 621 00:35:52,400 --> 00:35:55,319 Speaker 1: that was isolated. It's just one of those terrible side 622 00:35:55,360 --> 00:35:58,600 Speaker 1: effects of a war, and very much statements in Bali, 623 00:35:58,680 --> 00:36:02,280 Speaker 1: for example, the sweek of strong state of strong support 624 00:36:02,360 --> 00:36:05,560 Speaker 1: for Ukraine as the war is in its nine month, 625 00:36:05,640 --> 00:36:08,240 Speaker 1: and a recognition that they will continue to need military 626 00:36:08,280 --> 00:36:11,160 Speaker 1: support and financial aid. What you do see though, is 627 00:36:11,280 --> 00:36:14,000 Speaker 1: Ukraine saying that this shows the need for better air 628 00:36:14,120 --> 00:36:17,160 Speaker 1: defense in the country, and they're still calling for much 629 00:36:17,280 --> 00:36:20,560 Speaker 1: longer range missiles. They're still calling for an air defense 630 00:36:20,640 --> 00:36:23,799 Speaker 1: zone over their airspace. Of course, that's something that's very 631 00:36:23,880 --> 00:36:26,560 Speaker 1: unlikely to happen because you have the risk and of 632 00:36:26,680 --> 00:36:30,360 Speaker 1: NATO fighter jets and proximity with Russian fighter jets, and 633 00:36:30,480 --> 00:36:33,600 Speaker 1: that's just a recipe for disaster. So you'll see calls 634 00:36:33,680 --> 00:36:37,000 Speaker 1: for further military equipment to come into Ukraine as a 635 00:36:37,040 --> 00:36:39,360 Speaker 1: result of this, but no signs at all that that 636 00:36:39,480 --> 00:36:42,280 Speaker 1: countries are moving away from supporting Kiev. Well, you wonder 637 00:36:42,360 --> 00:36:45,160 Speaker 1: whether there will continue to be the kind of robust 638 00:36:45,280 --> 00:36:48,399 Speaker 1: support that we've seen from the US. In particular, now 639 00:36:48,520 --> 00:36:52,040 Speaker 1: that we have something of a return of divided government 640 00:36:52,120 --> 00:36:55,319 Speaker 1: in Washington, well, that is the thing that we need 641 00:36:55,360 --> 00:36:57,239 Speaker 1: to keep an eye on, because, of course we do 642 00:36:57,440 --> 00:37:00,400 Speaker 1: have the outcome of the term elections and the Publican 643 00:37:00,480 --> 00:37:03,840 Speaker 1: Party very very narrowly taking the House, of course, the 644 00:37:03,920 --> 00:37:06,960 Speaker 1: Democrats retaining the Senate, and what you can see over 645 00:37:07,320 --> 00:37:10,960 Speaker 1: the next two years into the presidential election is essentially 646 00:37:11,040 --> 00:37:16,160 Speaker 1: gridlock in Washington. Through Congress, you do see Republicans very 647 00:37:16,239 --> 00:37:20,200 Speaker 1: strongly supporting Ukraine, but equally some questions about the extent 648 00:37:20,280 --> 00:37:24,359 Speaker 1: to which financial support should disco untethered to Ukraine into 649 00:37:24,400 --> 00:37:27,600 Speaker 1: the foreseeable future. So you may see some questions come 650 00:37:27,640 --> 00:37:31,440 Speaker 1: through Congress on that, but it's very unclear, given that 651 00:37:31,600 --> 00:37:34,640 Speaker 1: the slim nature of their majority, how much of that 652 00:37:34,760 --> 00:37:37,560 Speaker 1: they can contain. Thanks for this, as always, Row is 653 00:37:37,600 --> 00:37:39,800 Speaker 1: good to have you on with us. Rosalind Matheson is 654 00:37:39,920 --> 00:37:44,680 Speaker 1: executive editor for International Government for Bloomberg News. Karen very Nathan, 655 00:37:44,719 --> 00:37:47,920 Speaker 1: thank you. It is five or fifty two on Wall Street. 656 00:37:47,960 --> 00:37:50,279 Speaker 1: It's time for the Bloomberg The Law Report. It's brought 657 00:37:50,320 --> 00:37:54,799 Speaker 1: to you by American Arbitration Association business disputes are inevitable. 658 00:37:54,880 --> 00:37:58,879 Speaker 1: Resolve faster with the American Arbitration Association, the global leader 659 00:37:58,960 --> 00:38:02,719 Speaker 1: in alternative disc resolution for over ninety years. More at 660 00:38:02,800 --> 00:38:05,000 Speaker 1: a d R dot org. Now, let's get to the 661 00:38:05,120 --> 00:38:09,320 Speaker 1: legal stories we're watching this morning. From Bloomberg's Jeff Bellinger, 662 00:38:13,719 --> 00:38:16,080 Speaker 1: the American Institute of c p a S is calling 663 00:38:16,160 --> 00:38:19,880 Speaker 1: on the Internal Revenue Service to further define digital assets 664 00:38:19,920 --> 00:38:24,040 Speaker 1: and virtual currency. Federal law enforcement has charged to Russian 665 00:38:24,160 --> 00:38:28,560 Speaker 1: nationals with criminal copyright infringement, wire fraud, and money laundering 666 00:38:28,719 --> 00:38:32,280 Speaker 1: for allegedly running the pirate e book site z Library. 667 00:38:32,920 --> 00:38:35,680 Speaker 1: R J. Reynolds and other tobacco companies are appealing of 668 00:38:35,760 --> 00:38:39,520 Speaker 1: federal judges rejection of their bid to prevent California's ban 669 00:38:39,680 --> 00:38:44,120 Speaker 1: on flavored tobacco products from taking effect. Bloomberg Law everything 670 00:38:44,239 --> 00:38:48,640 Speaker 1: you need on one legal research platform, guidance analysis, and 671 00:38:48,760 --> 00:38:53,040 Speaker 1: Bloomberg market intelligence. Find out more at Bloomberg law dot com. 672 00:38:54,760 --> 00:38:57,960 Speaker 1: All right, Jeff, thank you. Now another legal story we're watching. 673 00:38:58,080 --> 00:39:00,680 Speaker 1: As he makes another run for the White House, Former 674 00:39:00,800 --> 00:39:04,640 Speaker 1: President Donald Trump is facing a slew of legal troubles, 675 00:39:04,719 --> 00:39:09,080 Speaker 1: with potential criminal indictments and perhaps a civil trial or two. 676 00:39:09,680 --> 00:39:11,960 Speaker 1: But Tuesday was a good day for Trump and the courts. 677 00:39:12,080 --> 00:39:15,680 Speaker 1: Judges dismissed two civil cases against him, a fraud lawsuited 678 00:39:15,719 --> 00:39:18,799 Speaker 1: by his niece Mary Trump and a retaliation lawsuit by 679 00:39:18,880 --> 00:39:22,759 Speaker 1: his former lawyer Michael Cohen. Bloomberg sum Grasso speaks to 680 00:39:22,800 --> 00:39:26,600 Speaker 1: Bloomberg Legal reporter Eric Larson about the dismissal of Mary 681 00:39:26,640 --> 00:39:30,320 Speaker 1: Trump's lawsuit. Why did the judge dismiss it? Well, the 682 00:39:30,480 --> 00:39:35,160 Speaker 1: judge decided that Donald Trump and the estate of Robert Trump, 683 00:39:35,200 --> 00:39:38,560 Speaker 1: who passed away, and that Marian Trump had correctly argued 684 00:39:38,719 --> 00:39:43,160 Speaker 1: that the two thousand one settlement agreements had explicitly released 685 00:39:43,320 --> 00:39:46,840 Speaker 1: any of Mary Trump's potential future claims arising from this 686 00:39:47,000 --> 00:39:50,440 Speaker 1: whole dispute. You know, the judge says it was unambiguous 687 00:39:50,560 --> 00:39:53,919 Speaker 1: that it released them from all future potential claim Of course, 688 00:39:54,000 --> 00:39:56,960 Speaker 1: Mary Trump and her lawyers argued that that was really 689 00:39:57,040 --> 00:39:59,440 Speaker 1: kind of void, considering her a claim that they had 690 00:39:59,480 --> 00:40:02,000 Speaker 1: specific we deceived her and lied to her for years, 691 00:40:02,080 --> 00:40:04,960 Speaker 1: and her lawyer argued that it was clear that the 692 00:40:05,080 --> 00:40:08,480 Speaker 1: deception was intended to rip her off essentially, and that 693 00:40:08,600 --> 00:40:11,960 Speaker 1: therefore the contract releasing that from claims wasn't valid, But 694 00:40:12,000 --> 00:40:14,600 Speaker 1: the judge said that there was no language in the 695 00:40:14,719 --> 00:40:18,399 Speaker 1: contract that specifically said that Donald Trump and Robert Trump 696 00:40:18,440 --> 00:40:21,040 Speaker 1: and Marian Trump needed to be truthful to her, So 697 00:40:21,200 --> 00:40:23,840 Speaker 1: that was kind of unusual. Unusual is one way of 698 00:40:23,920 --> 00:40:26,800 Speaker 1: putting it. He said, the settlement didn't mandate the elder 699 00:40:26,880 --> 00:40:29,759 Speaker 1: Trump's to be truthful. Quote, if plaintiff did not wish 700 00:40:29,840 --> 00:40:32,640 Speaker 1: to forego suing on fraud she might discover in the future, 701 00:40:32,719 --> 00:40:35,400 Speaker 1: she could have insisted that the releases be conditioned on 702 00:40:35,480 --> 00:40:39,920 Speaker 1: the truth and accuracy of the financial information provided by defendants. 703 00:40:40,280 --> 00:40:44,280 Speaker 1: But you know, Mary Trump's lawyer, ROBERTA. Kaplan fite skilled litigator, 704 00:40:44,560 --> 00:40:46,560 Speaker 1: you know she's planning to appeal this. But she said 705 00:40:46,600 --> 00:40:49,360 Speaker 1: she's going to argue that there is enough evidence or 706 00:40:49,440 --> 00:40:52,759 Speaker 1: claims and the complaint to get around its release of 707 00:40:52,800 --> 00:40:56,000 Speaker 1: all claim you know, including her claim that Trump and 708 00:40:56,120 --> 00:41:00,040 Speaker 1: his siblings threatened to withhold health insurance to one of 709 00:41:00,080 --> 00:41:02,720 Speaker 1: Mary Trump's young family members who are suffering an illness 710 00:41:02,920 --> 00:41:05,480 Speaker 1: to try to twist her arm, and agreeing to this settlement, 711 00:41:05,560 --> 00:41:08,160 Speaker 1: which of course the elder Trump's have all denied doing 712 00:41:08,200 --> 00:41:11,719 Speaker 1: anything like that. Eric, is the timing of this decision 713 00:41:12,160 --> 00:41:15,719 Speaker 1: a little odd? The motion has been pending for quite 714 00:41:15,760 --> 00:41:18,239 Speaker 1: a long time, and then the judge hands down the 715 00:41:18,360 --> 00:41:22,080 Speaker 1: decision on the same day that Trump has said he's 716 00:41:22,120 --> 00:41:25,160 Speaker 1: going to announce another run for president. I mean, it 717 00:41:25,280 --> 00:41:28,560 Speaker 1: was certainly at least a strange coincidence. I do know 718 00:41:28,800 --> 00:41:31,800 Speaker 1: from speaking with Mary Trump's lawyer over the years that 719 00:41:32,080 --> 00:41:35,680 Speaker 1: she has been waiting very anxiously for this decision on 720 00:41:35,760 --> 00:41:38,799 Speaker 1: the motion that dismissed and has been saying for quite 721 00:41:38,880 --> 00:41:41,640 Speaker 1: some time that the decision was long overdue. So for 722 00:41:41,760 --> 00:41:44,319 Speaker 1: it to be issued, you know, on that same day, 723 00:41:44,360 --> 00:41:46,760 Speaker 1: of course, did sort of stand out. But Mary Trump's 724 00:41:46,800 --> 00:41:49,800 Speaker 1: lawyer definitely said that this took way too long, especially 725 00:41:49,840 --> 00:41:52,680 Speaker 1: given the age of these defendants and the fact that 726 00:41:52,760 --> 00:41:55,839 Speaker 1: Trump is now running for president again, which in her view, 727 00:41:56,239 --> 00:41:58,640 Speaker 1: she seems to believe that this decisions should have been 728 00:41:58,719 --> 00:42:01,279 Speaker 1: issued sooner rather than later, to give the case a 729 00:42:01,360 --> 00:42:04,359 Speaker 1: chance to move forward before he's actually running for president again. 730 00:42:05,000 --> 00:42:08,000 Speaker 1: And that's Bloomberg the Legal reporter Eric Larson speaking with 731 00:42:08,000 --> 00:42:11,080 Speaker 1: the Bloomberg stun Gronzo. Catch more of that interview, plus 732 00:42:11,120 --> 00:42:14,239 Speaker 1: analysis of the latest legal news, by subscribing to the 733 00:42:14,280 --> 00:42:18,239 Speaker 1: Bloomberg Law podcast or downloading the show at Bloomberg dot com, 734 00:42:18,360 --> 00:42:22,719 Speaker 1: slash podcast. Attorneys can find exceptional, exceptional legal research and 735 00:42:22,760 --> 00:42:25,680 Speaker 1: business development tools at Bloomberg Law dot com and on 736 00:42:25,719 --> 00:42:29,800 Speaker 1: the Bloomberg terminal at v law. Go futures. This morning, 737 00:42:29,840 --> 00:42:32,680 Speaker 1: they're extending their losses. S and P futures down twenty 738 00:42:32,719 --> 00:42:34,800 Speaker 1: one points and Dow Future is now down a hundred 739 00:42:34,880 --> 00:42:38,120 Speaker 1: sixty five NASDACK futures down the sixty five and the 740 00:42:38,200 --> 00:42:41,040 Speaker 1: ten year Treasury down thirteen thirty seconds. You know, three 741 00:42:41,080 --> 00:42:44,239 Speaker 1: point seven three per cent, and our top stories are 742 00:42:44,360 --> 00:42:46,400 Speaker 1: straight ahead. This is Bloomberg