Speaker 1: Live from the Bloomberg Interacted Berger Studios. This is Bloomberg
Speaker 1: Daybreak for Monday, October two. Coming up, the shower stocks
Speaker 1: in Asia tumble as China's Jan Pain stacks his leadership
Speaker 1: ranks with loyalists Rishi Sunac moves closer to becoming UK's
Speaker 1: next prime minister. UK Bond's rally on the Hope Sport,
Speaker 1: fiscal responsibility from Sunac, and a big week for earnings
Speaker 1: of Apple, Amazon, and Microsoft, all reporting New York had
Speaker 1: sixty two million dollars to make the city subway system safer.
Speaker 1: Plus Ukraine denies Russia's warning of a dirty bomb from Key.
Speaker 1: I'm Michael Barne. More ahead, I'm John Stashower And sports.
Speaker 1: The Yankee season is overswept by the Astros. They'll play
Speaker 1: the Phillies of the World Series. The Jets of Giants
Speaker 1: keep winning. That's all's trendy. Head on Bloomberg Daybreak on
Speaker 1: Bloomberg e Living Free on New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine
Speaker 1: sixties and Francisco Sirius x M one nineteen and around
Speaker 1: the world. The Bloomberg Radio dot Com and the Bloomberg
Speaker 1: business side. Good Monday morning. I'm Amy Morris and I'm Karen.
Speaker 1: Moscow and US Dock Index futures are raised earlier declines.
Speaker 1: It is coming up to six one on Wall Street
Speaker 1: and we check the markets every fifteen minutes in while
Speaker 1: the trading day on Bloomberg right now, S and P
Speaker 1: futures are up four points, now futures up thirty eight
Speaker 1: and nastay futures are up almost three. The decks in
Speaker 1: Germany is up one point one percent and a ten
Speaker 1: year treasury up eleven thirty seconds. He had four point
Speaker 1: one seven percent and they yelled on the two year
Speaker 1: four point four six percent, Amy Karen. Stocks are coming
Speaker 1: off their best week since June. US Central bankers say
Speaker 1: the next phase in their campaign to curb inflation will
Speaker 1: be a debate on how high to raise rates and
Speaker 1: when to slow the pace if increases. Lamar Villery, a
Speaker 1: partner and portfolio manager at Fillery and Company, says a
Speaker 1: FED pivot is key for sentiment. It just would kind
Speaker 1: of give everybody, I think, a sense of confidence that
Speaker 1: you know, we're out of this uber hike environment and
Speaker 1: potentially you know, yeah, if if you know if we
Speaker 1: get in placed under control and then the economy slows down,
Speaker 1: potentially you could see some rate cuts next year. Lamar
Speaker 1: Villery at Billary and Company says there's even a chance
Speaker 1: the Fed does not raise rates in December. Well, outside
Speaker 1: of the fan amy, the focus this week is mainly
Speaker 1: on earning, So you're gonna slew a big tech companies
Speaker 1: reporting and here with the preview as Bloomberg's Charlie Pellett,
Speaker 1: it's a huge week because we hear from names that
Speaker 1: will include Apple, Alphabet, Microsoft, Metal Platforms, Amazon and until
Speaker 1: Dan ives Is with web Bush Securities, and it's most
Speaker 1: important tech earnings teasing potentially in the last two years
Speaker 1: because of what's happened overall demand store in terms of
Speaker 1: the macro, tech needs to prove that the resilience is
Speaker 1: there and not just tech this week, other big names
Speaker 1: include ex On Mobile, three, m Ford, Boeing, and Coca Cola,
Speaker 1: among many many others in New York. Charlie Pellet Bloomberg
Speaker 1: Tape break, Thank you Charlie and Asia. Over the weekend,
Speaker 1: it was all about politics. President Ji jin Ping started
Speaker 1: his third term by stacking China's most powerful body with
Speaker 1: his allies. The move gives him unfettered control over the
Speaker 1: world's second largest economy. Speaking to the party's gathering on Sunday,
Speaker 1: she committed to reforming and opening up the economy. Here
Speaker 1: he is speaking through an interpreter. China's economy has great resilience,
Speaker 1: potential and latitude. It's strong fundamentals will not change and
Speaker 1: it will remain on a positive trajectory over the long run.
Speaker 1: China will open its doors ever wider. We will step
Speaker 1: fast over deepening reform and opening up across the board.
Speaker 1: Marcuts did not react favorably to Si jin Ping's move
Speaker 1: to stackers leadership ranks to the loyalists. China's currency weekend
Speaker 1: in the country's stocks tumble to the lowest level since
Speaker 1: two thousand and eight. Bloombery Daybreak Asia anchor Brian Curtis
Speaker 1: has more from Hong Kong. It's a sharp rebuke to
Speaker 1: one man rule, a break from collective leadership over the
Speaker 1: past many decades. In the more policies staked on COVID
Speaker 1: zero and state owned enterprises Alibaba, dot Com and ten
Speaker 1: Cent all down eight to twelve percent during the session. Meantime,
Speaker 1: China's long delayed data showed mixed recovery in the third
Speaker 1: quarter on employment rows and retail sales weakened. In September
Speaker 1: third quarters GDP up three point nine percent, better than
Speaker 1: the three point three percent estimate in Hong Kong. Brian
Speaker 1: Curtis Bloomberg debre thanks Brian staying in Asia now. Former
Speaker 1: Treasury Secretary Larry Summers is weighing in on policy in Japan.
Speaker 1: He's watching financial developments out of Tokyo given the potential
Speaker 1: for difficulties if the country abandons its pegged bond heeled policy.
Speaker 1: There's been a lot of borrowing money UH in Japan
Speaker 1: to finance things all over the world, and so if
Speaker 1: Japanese interest rates start to change, that could be a
Speaker 1: pretty big deal. Former Treasury Secretary Lawrence Summers made those
Speaker 1: comments on Bloomberg's Wall Street Week Catch the program every
Speaker 1: week Fridays at six pm Eastern on Bloomberg Radio and television.
Speaker 1: Well in Europe this morning, aiming the political action is
Speaker 1: still front and center. Rishi Sunac has taken a big
Speaker 1: step to her becoming the next Prime Minister of the UK,
Speaker 1: and we go to London and get the leadersh of
Speaker 1: Bloomberg's un parts good morning you, and good morning Karen
Speaker 1: and Amy. We should know the name of Britain's next
Speaker 1: prime minister later today. Former Chancellor Rishi Sunac is the
Speaker 1: clear favorite to take over as the country's fifth leader
Speaker 1: in less than seven years. His only remaining opponent, Penny
Speaker 1: more Than, is yet to get the one endorsements from
Speaker 1: lawmakers need to make the final runoff. Boris Johnson, who
Speaker 1: cut shorts his holiday in the Caribbean to fly back
Speaker 1: to the UK now, says it's not the right time
Speaker 1: to enter the race in London. I'm you and pots,
Speaker 1: but make daybreak. Thanks you, and oil is lower to
Speaker 1: begin the week right now now, Amex crude is down
Speaker 1: one and a half percent. President Biden's top energy advisor,
Speaker 1: Amos hostein taking aim at OPEC, saying OPEC's recent output
Speaker 1: cut was a largely political move. Nobody can argue that
Speaker 1: it was warranted for any economic reason. Did and even
Speaker 1: open when they announced two million and then they say, well,
Speaker 1: we're not actually gonna cut two million, We're just gonna
Speaker 1: cut nine hundred, And then you look a little deeper
Speaker 1: and it's really just about five hundred. So the impact
Speaker 1: on the market is not going to be as significant.
Speaker 1: Uh So this was more of a big political statement.
Speaker 1: It was Oxeen making those comments on CBS Space the
Speaker 1: Nation catch that program every Sunday on Bloomberg Radio. Well,
Speaker 1: speaking of political moves, here, Amy that January six hearings
Speaker 1: like Capitol Hill are back in focus. Co chair of
Speaker 1: the January six committee, List Cheney says Donald Trump will
Speaker 1: not be allowed to testify live on television before the committee.
Speaker 1: On Bloomberg and Baxter has that story, Jenney says Donald
Speaker 1: Trump will not be allowed to turn any testimony before
Speaker 1: the committee into a circus. This isn't going to be,
Speaker 1: you know, his first debate against Joe Biden and the
Speaker 1: circus and the food fight that that became this. This
Speaker 1: is far too serious set of issues, and we've made
Speaker 1: clear exactly what his obligations are. Training on NBC has
Speaker 1: heard on Bloomberg says a level of discipline and vigor
Speaker 1: that the herring deserves will be observed in San Francisco,
Speaker 1: I'm at Baxter Bloomberg Daybreak. Thanks Ad. Bloomberg Daybreak is
Speaker 1: brought to you by b and Y Melon's Pershing Or
Speaker 1: learn why the world's most sophisticated wealth management and institutional
Speaker 1: firms rely on Pershing to help them improve profitability, create efficiency,
Speaker 1: attract talent, and manage risk at Pershing dot com six
Speaker 1: or seven on Wall Street. Let's bring in Michael bar
Speaker 1: to find out what else is going on in New
Speaker 1: York in a round the world. Thank you very much, Amy.
Speaker 1: New York Governor Kathy Hokel and Mayor Eric Adams say
Speaker 1: they will bolster spending on the city's subway system. They
Speaker 1: plan to add sixty two million dollars to deploy more
Speaker 1: police officers and removing severely mentally ill homeless people amid
Speaker 1: a series of high profile killings and other crimes on
Speaker 1: the transit system. Hocal and Adams acknowledge that writers continue
Speaker 1: to feel threatened using the largest mass transit system in
Speaker 1: the US. In one recent attack, the NYPD is searching
Speaker 1: for a man seen pushing another man onto of the
Speaker 1: subway tracks and an unprovoked attack and then running away.
Speaker 1: The victim, David Martin, suffered a broken collar bone and
Speaker 1: swollen face from New York and love New York and
Speaker 1: always thought they'd taken the train And now at thirties
Speaker 1: two years old and no longer feels safe. And that's
Speaker 1: that's not there, and that's not okay. The announcement comes
Speaker 1: nine months after hocol and Adams unveiled a subway safety
Speaker 1: plan to deal with an increase in crime during the pandemic.
Speaker 1: Governor Hocal and a Republican challenger, Lees Elden, will face
Speaker 1: off tomorrow in their one and only debate before election day. Hocole,
Speaker 1: who once held a double digit lead over Zelden, has
Speaker 1: only a four percentage point edge according to the Lettis
Speaker 1: Quinnippie Act University poll. However, a Sienna College poll gave
Speaker 1: hocol and eleven point lead, released on the same day.
Speaker 1: Bail reform has become a major issue in the campaign
Speaker 1: ahead of November's mid term elections. New polling shows that
Speaker 1: both parties have their areas of strength, but Republicans are
Speaker 1: starting to open up a gap on some of the
Speaker 1: big she was including inflation and crime. Mark short, the
Speaker 1: former chief of staffed Vice President Mike Pence, says Republicans
Speaker 1: are going to win in November because it is a
Speaker 1: referendum on Joe Biden. Is clear that Donald Trump had
Speaker 1: a huge influence over the primary. He has a core
Speaker 1: base of roughly and a lot of the candidacy championed
Speaker 1: one with this primary. Mark Short spoke on a d
Speaker 1: c S this week, which can be heard Sundays on Bloomberg.
Speaker 1: Russia's defense chief has alleged that Ukraine was preparing a
Speaker 1: provocation involving a radioactive device star claim that was strongly
Speaker 1: rejected by US, Ukrainian and British officials. Russia repeatedly has
Speaker 1: main allegations that Ukraine could detonate a dirty bomb and
Speaker 1: blame it on Moscow. Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quicktake, powered by more
Speaker 1: than twenty seven hundred journalists and analysts more than a
Speaker 1: hundred twenty countries. Hi, Michael Barr and this is Bloomberg, Amy,
Speaker 1: all right, thank you, Michael street Ton alfat the Bloomberg
Speaker 1: Sports Update, brought to you by Try State OUTI here's
Speaker 1: John stash Our. All right, Amy. For so much of
Speaker 1: the summer there was talking maybe a Subway World Series
Speaker 1: in New York. Instead, the World Series will be the
Speaker 1: Phillies against the Astros starting Friday and Houston. The Astro
Speaker 1: still have not lost in the postseason. Early on off
Speaker 1: the stadium, Lord, the Yankees might stay alive. They led
Speaker 1: three nothing, and after yet another Harrison Bada home run,
Speaker 1: they're up five four and the seventh and in the
Speaker 1: Astros score twice game time hit by Jordan Alvarez off
Speaker 1: Jonathan Laska, go ahead hit by Alex Bregman, Clay Homes,
Speaker 1: costly error by Labor Torres. The Astros won six five
Speaker 1: for the series sweep. It's their fourth pennant in the
Speaker 1: last six years. Aaron Judge made the final out, ended
Speaker 1: his historic home run hitting season. Did it end his
Speaker 1: career with the Yankees? Will be a free agent earlier.
Speaker 1: On a rainy day in Philly, the fields trailed the
Speaker 1: Padres eight Swingingna tried left field. It's deep, it's dead, Yes,
Speaker 1: it is the place. Hard the Phillies have you? I
Speaker 1: paid the call hard from The Phillies won four three
Speaker 1: over San Diego to win the NLCS four to one.
Speaker 1: While baseball season New York is over, football is alive
Speaker 1: and while Giants and Jets both won for the fourth
Speaker 1: week in a row, both on the road. Giants get
Speaker 1: another comeback, winning twenty three to seventeen in Jacksonville. They
Speaker 1: had to hold on at the end. They had to
Speaker 1: hold on to the Jazz wide out at the one
Speaker 1: yard line on the final play. The Jets won sixteen
Speaker 1: to nine in Denver. The Giants and Jets last year
Speaker 1: a combined eight and twenty six. This year thirteen and
Speaker 1: three seven oh. On the road at the Garden, Rangers
Speaker 1: lost to Columbus five to one. Islanders lost in Florida
Speaker 1: three to two. John Stashward, Bloomberg Sports, All right, thank you,
Speaker 1: John SMP features are down one and a half points,
Speaker 1: stal features down, are up to DALT features up to
Speaker 1: NAZAC features down twenty seven and a quarter. The ten
Speaker 1: year tragury down a fraction, the yield at four point
Speaker 1: four seven percent. Much more still to come. On this
Speaker 1: Monday morning edition of Bloomberg day Break. This is blue Burg.
Speaker 1: The Bloomberg Sports Report was brought to you by Audie.
Speaker 1: Don't let someone else drive off in the Audi model
Speaker 1: you've always wanted. Visit your local Tri state Audie dealer
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Speaker 1: Offers dot com for more information, markets, headlines and breaking
Speaker 1: news twenty four hours a day. At Bloomberg dot com,
Speaker 1: the Bloomberg Business At and at Bloomberg Quicktape. He's a
Speaker 1: Bloomberg business lash and I'm Karen Moscow and just watching
Speaker 1: this headline crossing the Bloomberg Schlumberg is changing its name
Speaker 1: to s LB. It's a pivot to embrace clean tech.
Speaker 1: US DOT Index futures. Meanwhile, some improvement this morning. S
Speaker 1: and P futures are now higher. This despite that route
Speaker 1: in Chinese shares, which is weighing on sentiment. Investors are
Speaker 1: awaiting the next batch of earnings from some of the
Speaker 1: world's biggest companies. Treasury yields are dipping, the dollar gaining.
Speaker 1: We checked the markets every fifteen minutes throughout the trading day.
Speaker 1: On Bloomberg S and P. Future is up six points down,
Speaker 1: Future is up sixty three NASDAG futures that will change
Speaker 1: and decks in Germany's up one point one percent. Ten
Speaker 1: year treasury up ten thirty seconds. You have four point
Speaker 1: one seven percent and the yield them the two year
Speaker 1: four point four seven percent. Nim X Screwed oil is
Speaker 1: down one point four percent on a dollar twenty two
Speaker 1: and eighty three dollars eighty three cents of barrel comics
Speaker 1: gold is down a tenth of uper cent or two
Speaker 1: dollars twenty cents is sixteen fifty four ten announced the
Speaker 1: euro point three four against the dollar, British found one
Speaker 1: point one three four one and the end one forty
Speaker 1: nine point three two and Bitcoin this morning down four
Speaker 1: ten percent in nineteen thousand, four hundred twenty one dollars.
Speaker 1: That's a Bloomberg business flash. Now here's Michael Barr with
Speaker 1: more on what's going on around the world. Michael, thank
Speaker 1: you very much. Karen. Former British Prime Minister Boris Johnson
Speaker 1: says you will not run to leave the Conservative Party,
Speaker 1: ending intense speculation about a comeback. Johnson, who was an
Speaker 1: ounced it in July mid ethics scandals, was a wild
Speaker 1: card to replace Liz trust who quit last week. His
Speaker 1: withdrawal leaves former Treasury chief Rishi Sunak the strong favorite
Speaker 1: to be Britain's next new prime minister. Officials in the
Speaker 1: U S wore that Russia could be making preparations to
Speaker 1: detonate a dirty bomb in Ukraine and blame it on Kiev.
Speaker 1: In baseball, it will be the Astros against the Phillies
Speaker 1: in the World Series. The Yankees were swept by Houston
Speaker 1: Sunday in the a LCS and Game four, six, five
Speaker 1: the Phillies beat the Padres for three to win in
Speaker 1: the NLCS four games to one. Football, the Giants, Jets,
Speaker 1: and Commanders all one. The forty Niners lost in the NBA,
Speaker 1: The Wizards lost the Warriors one. In the NHL, the
Speaker 1: Islanders and Rangers lost. Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quicktake, powered by more
Speaker 1: than twenty journalists and analysts and more than a hundred
Speaker 1: twenty countries. I'm Michael Barr, and this is Bloomberg. Amy.
Speaker 1: All right, thank you, Michael. It is six twenty on
Speaker 1: Wall Street Live from the Bloomberg Interactive Broker Studios. This
Speaker 1: is Bloomberg Daybreak. China released its postponed third quarter GDP
Speaker 1: and other September economic data that was delayed as the
Speaker 1: nation's top political event, the Party Congress was underway and
Speaker 1: weigh on market sentiment, joining us now Bloomberg Chief for
Speaker 1: Asia Economics correspondent and occurrent. And and during all of
Speaker 1: that a lot has happened. Let's start with the politics
Speaker 1: with Jin being over the weekend and what it all means. Yeah,
Speaker 1: it was basically President Sheeting paying to maintenance control over
Speaker 1: the government. Amy, if there was on he doubt he
Speaker 1: just confirmed that he's going for He's breaking money of
Speaker 1: recent norms. He's going for a third term. He has
Speaker 1: put in placed party chiefs from Beijing, from Guangdong, from
Speaker 1: Shanghai in too key positions within the party administrations, and
Speaker 1: he surrounded him felt by all of these key supporters
Speaker 1: and former college you've walked with him, which people are
Speaker 1: interpreting and saying. Of course, China was doubled down on
Speaker 1: some of the signature policies presidents she hasn't has been pursuing.
Speaker 1: So that's the idea of more self reliability in areas
Speaker 1: like technology, more homegrown innovation. Obviously, of course ongoing tensions
Speaker 1: over key geophysical hot spots. But President she did actually
Speaker 1: send a message that some people thought was a little
Speaker 1: bit private with me all that did make it clear
Speaker 1: that he wants to try to remain open to the
Speaker 1: rest of the world and doing business with the rest
Speaker 1: of the world economy. So there's a domestic Chinese political
Speaker 1: story for sure. Now that the question of how this
Speaker 1: will play out on the global stage as well. Is
Speaker 1: this a power grab or is there something else going
Speaker 1: on here? Well, it's clearly a consolidation of president. She's power,
Speaker 1: there's no doubt about that. I mean, typically in recent years,
Speaker 1: recent decades, the convention has been that at this point
Speaker 1: of president she would have moved on, any successor would
Speaker 1: have come in. But this time around, of course, there
Speaker 1: hasn't even been a clear success to a point to
Speaker 1: a need the key roles that might take over the
Speaker 1: leadership of child from here. It's also clear that he's
Speaker 1: govern down and all of the policies that he's been
Speaker 1: sort of pursuing in recent years, including those that are
Speaker 1: of course controversial glowly beat up the you know, the
Speaker 1: crackdown and engaging tensions with Taiwan, cracktown in Hong Kong,
Speaker 1: tensions with the US, there all of branch, no hint
Speaker 1: of the course change of that type of things. And
Speaker 1: then of course on the sort of domestic or economics front,
Speaker 1: no hint of a pivot on real estate, the realitated
Speaker 1: slumb or of course on COVID zero either. So you know,
Speaker 1: despite the headlines of dramatic imposition of key personality in
Speaker 1: the key post, not everyone is predicting an immediate change
Speaker 1: of policy course anytime soon. What does it signal then,
Speaker 1: to the rest of the world. And how does Taiwan
Speaker 1: factor into all this. Well, it signals that again domestically,
Speaker 1: President She is obviously in the powerful position. He feels
Speaker 1: comfortable enough that he's got a grip on the entire
Speaker 1: government of Apperats to stay in officer and carry on.
Speaker 1: That means he will be pursuing those policies that include
Speaker 1: on the foreign policy front, will likely to ongoing clashes
Speaker 1: with the US. There's no sign of that tension easing
Speaker 1: at all, especially given the latest restriction on exporting technology
Speaker 1: to to China. There is a view that maybe President
Speaker 1: She will try to play off the US against Europe.
Speaker 1: For example, there's name expected expectations to a large scale
Speaker 1: German business delegation to arrive in China overcoming weeks, So
Speaker 1: we will have this narrative going forward of polity attentions,
Speaker 1: will of course tension over Taiwan that's not going to
Speaker 1: go away anytime soon, and we will of course then
Speaker 1: have US China containment and completion and rivalry stories happening.
Speaker 1: But there's also a view that China will also try
Speaker 1: and play off with the rest of the world Emerging World, Africa,
Speaker 1: Europe's cetera. To try and keep its place on this
Speaker 1: global stage. So it's um you know, it would be
Speaker 1: a dubbing down of President She's policies, but there won't
Speaker 1: be simple stories here and we only have about a
Speaker 1: minute here. But I gotta ask what you are watching
Speaker 1: for specifically incoming days. I think you just have to
Speaker 1: watch any new language from the new people in key positions,
Speaker 1: whether or not there will be a pivot on key
Speaker 1: policies overcoming overcoming weeks and months. It's probably unlikely we'll
Speaker 1: get those signals any time soon, but it's certainly what's
Speaker 1: keeping it out. And I first, all right, Bloomberg Chief
Speaker 1: Asia Economics correspondent and occur, and I want to thank
Speaker 1: you for taking the time with us, telling us and
Speaker 1: bringing us up to speed about what's been going on
Speaker 1: with shij and Ping over the weekend in China, the
Speaker 1: blatant power grab that someone are describing as what he's
Speaker 1: doing stacking his political body with his allies. Much more
Speaker 1: still to come on Bloomberg Daybreak. We're checking the markets now.
Speaker 1: SNP futures up nine point seven five percent, DAL futures
Speaker 1: up ninety one, NASDAD futures up to almost ten. The
Speaker 1: ten year price up ninety seconds, the yield at four
Speaker 1: point one seven, the two year yield at four point
Speaker 1: for seven percent. Much more still to come on this
Speaker 1: Monday morning edition of Bloomberg Daybreak. As we check the markets,
Speaker 1: will also be bringing you the latest news in business,
Speaker 1: economics and finance. It's gonna keep an eye on everything
Speaker 1: that's going on in the UK and in China, as
Speaker 1: well as closer to home, we're gonna take a look
Speaker 1: at how Nevada may be factoring into the mid terms.
Speaker 1: Much more still to come. Stay with us. This is
Speaker 1: Bloomberg Bloomberg eleven three oh weather. Scattered showers today going
Speaker 1: up to sixty five degrees, down to sixty with more
Speaker 1: dristle tonight, mostly thouty tomorrow, a chance of rain going
Speaker 1: up to seventy degrees. The rain sticks around for Wednesday.
Speaker 1: Broadcasting live from the Bloomberg Interactive Broker Studio in New York,
Speaker 1: Bloomberg elving fre to Washington, d C, Bloomberg on to Boston,
Speaker 1: Bloomberg one O six one to San Francisco, Bloomberg nine
Speaker 1: six to the Country, Sirius XM to the one nine
Speaker 1: and around the globe. The Bloomberg Business apt and Bloomberg
Speaker 1: Radio dot com. This is Bloomberg Daybreak at six thirty
Speaker 1: on Wall Street. Good Monday morning. I'm Amy Morris and
Speaker 1: I'm Karen Moscow. We're just about three hours away from
Speaker 1: the open of US training. It's time for the five Things,
Speaker 1: so you need to notice start your brought to you
Speaker 1: by Interactive Brokers. Interactive Brokers clients or an interest of
Speaker 1: up to two point five eight percent on the idle
Speaker 1: cash and their brokerage accounts. Visit ibk R dot com
Speaker 1: slash interest rates to learn more. The first US futures
Speaker 1: are higher now as you begin a new trading wage.
Speaker 1: Stocks are coming off their biggest weekly gain since June.
Speaker 1: The action this morning isn't Asia, though, Hong Kong's Hanging
Speaker 1: sang in dex strap six point eight percent and stocks
Speaker 1: in China fell almost three percent after President she Jin
Speaker 1: Ping's moved to stack his leadership ranks with loyalists. Begin
Speaker 1: more from Bloomberg Stephen Angle in Hong Kong. We speculated
Speaker 1: whether she would continue on with the practice of essentially
Speaker 1: stacking the standing committee with people from different factions. So
Speaker 1: in this case, some of the ju Jentao protegs, but
Speaker 1: it proved on Sunday when he rolled out his other
Speaker 1: six members on the Standing Committee, there was nobody from
Speaker 1: the other factions. They were all loyalists to Shi Jin Ping.
Speaker 1: He stacked the deck. Bloomberg Stephen Angles says, the story
Speaker 1: is playing out in currency markets. The U want week
Speaker 1: into a fourteen year low this morning. Let's turn to
Speaker 1: Europe now, where Risi Sunac has taken a big step
Speaker 1: toward becoming the next Prime Minister of the UK. Boris
Speaker 1: Johnson has pulled out of the race. In Sunac won
Speaker 1: the endorsement of Chancellor Jeremy hunt Still. Bloomberg's Ben Sills
Speaker 1: says Sunac faces many challenges. He himself was blamed by
Speaker 1: a large faction of party for bringing down Johnson in
Speaker 1: July when he quit on that dramatic evening. Um, So
Speaker 1: there's a lot of resentment, a lot of a lot
Speaker 1: of ranker built up over the year. So that's going
Speaker 1: to be the real Sulfask forever, and of course he's
Speaker 1: going to have to do it sturing the economy to
Speaker 1: this brutal, brutal winter of energy, energy shortage. Bloomberg's Ben
Speaker 1: Still says Sunac has gained this public support of several
Speaker 1: key Tory figures. I'm back here in the US. It's
Speaker 1: a busy week for earning Sammy, with big tech leading
Speaker 1: the way. Tomorrow we'll hear from Microsoft Meta Platforms and
Speaker 1: Twitter report Wednesday, and Apple and Amazon post results on
Speaker 1: Thursday and incorporate news. Slumberger, the world's biggest oil field
Speaker 1: services provider, is changing its name to s LB, same
Speaker 1: as its sticker symbol, and test la at the price
Speaker 1: of its cars in China by about five percent. Amy
Speaker 1: to move partly reverses price sits and post earlier this year.
Speaker 1: That's the five things you need to notice start your day.
Speaker 1: Brought to you by Interactive Brokers Futures this morning again
Speaker 1: on the rise, S and P Futures up twelve points,
Speaker 1: straight ahead, your latest local headlines, plus a check of sports.
Speaker 1: And this is Bloomberg. Thank you, Karen sixty three. Now
Speaker 1: on Wall Street, let's bring in Michael bar to tell
Speaker 1: us what else is going on in New York and
Speaker 1: around the world. Good morning, Michael, Good morning Amy. New
Speaker 1: York will add sixty two million dollars to the city
Speaker 1: subway system. Governor hocol and Mayor Eric Adams, saying they
Speaker 1: are deploying more police officers and removing severely mentally ill
Speaker 1: homeless people amid a series of high profile killings and
Speaker 1: other crimes on the transit system. It comes as Governor
Speaker 1: Hocole and a Republican opponent, Lee Zelden will debate tomorrow
Speaker 1: for the job of governor on issues such as crime
Speaker 1: and Bay'll reform. Russia's defense minister called his counterparts in
Speaker 1: the UK, France, and Turkey, warning of a drift toward
Speaker 1: uncontrolled escalation in Ukraine and the potential for Kiv to
Speaker 1: detonate a radioactive dirty bomb. The US called the allegation
Speaker 1: transparently false. Meanwhile, Ukrainian forces continue to liberate villages as
Speaker 1: the war drags on for close to eight months. ABC
Speaker 1: talked to Ukrainian Colonel General Ola Stander Shirsky about the
Speaker 1: war so far, Chersky, through a translator. Of course, we
Speaker 1: are winning, and it's important that we are winning. Mentally,
Speaker 1: we know what they're fighting for. But still this war
Speaker 1: is very hot. General Shursky says they are concerned about
Speaker 1: Russia's can tenuous nuclear saber rattling. Three years after Manhattan
Speaker 1: prosecutors started investigating former President Trump, the only criminal trial
Speaker 1: to arise from their efforts is set to begin Monday.
Speaker 1: Jury selection is set to begin in the criminal trial
Speaker 1: over allegations at Trump's company helped its top executives avoid
Speaker 1: income taxes. The Trump organization is accused of providing rent
Speaker 1: free apartments, luxury cars, and other untaxed perks to executives.
Speaker 1: The star witness for prosecutors is expected to be Alan Weisselberg,
Speaker 1: the company's former CEO. Disgrace movie producer Harvey Weinstein stands
Speaker 1: trial in Los Angeles starting today for allegedly sexually assaulting women.
Speaker 1: Dozens of his alleged victims say judgment day is overdue
Speaker 1: for a serial predator. Party. You messed with the wrong women.
Speaker 1: We will see you here in Los Angeles, where hopefully
Speaker 1: your conviction will leave you in jail for life. Weinstein
Speaker 1: is already serving the twenty three years sentence in New
Speaker 1: York State for similar charges. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg quick Take, powered
Speaker 1: by more than twenty seven hundred journalist and analysts in
Speaker 1: more than a hundred twenty countries on Michael bar and
Speaker 1: this is Bloomberg gaming all right, Thank you, Michael at
Speaker 1: six six on All Street Time. Now for the sports
Speaker 1: for fourth brought to you by Try State Autie. Here's
Speaker 1: John stash Our. All right, Yankee, Hey, Yankee fans had
Speaker 1: high hopes after a tremendous first half of the season,
Speaker 1: second half not nearly as good. On the postseason big disappointment,
Speaker 1: not only losing to the Alcs to the Astros third
Speaker 1: time in the last six years that's happened, but getting swept,
Speaker 1: used and finished this wipe at the Stadium six to five.
Speaker 1: The Yanks finally scored some runs Harrison Bader at his
Speaker 1: fifth on run of the postseason. Yanks led five to four,
Speaker 1: but the Astros scored twice in the seventh inning costly
Speaker 1: air by Labor Torres. Several Yanks struggled. Johns Donaldson thirteen
Speaker 1: at bats, ten strikeouts, Aaron Judge one for sixteen, and
Speaker 1: now Judge, after a record breaking sixty two home run season,
Speaker 1: that comes a free agent, Saul gonna run to my agent.
Speaker 1: I thought about the next step yet, Um, you know,
Speaker 1: but like I said, we got we got time to
Speaker 1: figure it out. Um. I've never been in this before.
Speaker 1: The Philly surprise winners in the Nashale Bryce Harper game,
Speaker 1: winning two run over in the eighth. They need to
Speaker 1: beat San Diego the four three and win the NLCS
Speaker 1: for one. Giants and Jets Keith winning for both four
Speaker 1: wins in a row. Both are unbeaten on the road.
Speaker 1: The Giants win at Jacksonville twenty three to seventeen. Both
Speaker 1: say Quon Barkley and Daniel Jones ran for over a
Speaker 1: hundred yards. Jets won sixteen to nine. In Denver, Rookie
Speaker 1: Breeze Hall had an early sixty two yard touchdown but
Speaker 1: later hurt his knee, believed to be a tourn a
Speaker 1: c l. The big NFL story right now. The struggles
Speaker 1: of Green Bay and Tampa Bay, both NFC teams with
Speaker 1: legendary quarterbacks, are three and four. Aaron Rodgers and the
Speaker 1: Packers lost in Washington. Tom Brady and the Bucks stunned
Speaker 1: one to three at Carolina, Rangers lost to Columbus five one.
Speaker 1: Florida beat the Islanders three to two. Johns war Bloomberg
Speaker 1: Sport due. All right, thank you, John. It is six
Speaker 1: thirty seven on Wall Street. Time to take a look
Speaker 1: at stocks and some of the names that are moving
Speaker 1: in the pre market. For that, we're joined by Bloomberg
Speaker 1: Radio and TV Markets corresponding Creaty Goop dot created. Good
Speaker 1: morning to you, Amy, Good morning to you. What's interesting
Speaker 1: to me this morning is not what's happening here in
Speaker 1: the States, what's happening abroad over in China. This past
Speaker 1: weekend marks the official start to present JJ Ping's third term,
Speaker 1: in which he already packs the top decision making body
Speaker 1: with some pretty loyal associates. Amy, that's translating into the
Speaker 1: market with worries about a tighter grip on not just
Speaker 1: the financial system, but a lot of these companies that
Speaker 1: have these major operations there, not to mention some of
Speaker 1: China's big giants as well. To take a look some
Speaker 1: of the stock action this morning, Ali Baba shares b
Speaker 1: A b A is your taker, down about twelve percent
Speaker 1: in the pre market. Not far behind it is by
Speaker 1: do b I D you down about eleven percent this
Speaker 1: morning as well. And j D is one that we
Speaker 1: like to watch alongside Ali Baba, one the major competitors,
Speaker 1: j D dot Com j D is also the taker,
Speaker 1: down about team percent this morning. And of course we
Speaker 1: can't leave out Pin Duo Duo p d D is
Speaker 1: your taker down fourteen percent, Amy, some massive moves coming
Speaker 1: into a d R space, but it's not alone. Take
Speaker 1: a look at some of the electric vehicle makers as well,
Speaker 1: not just the Chinese players, with some of the American
Speaker 1: ones as well that have massive operations there. For example,
Speaker 1: Neo and Io down at twelve percent. That's in a
Speaker 1: Chinese a d R moving in tandem with the likes
Speaker 1: of Ali Baba and It's peers. You also want to
Speaker 1: take an eye loosid l c I D down one
Speaker 1: point six percent in the pre market. Rivan is another
Speaker 1: one that you want to keep an eye on this morning.
Speaker 1: R I v N down by eight tenths of one percent.
Speaker 1: But Amy, how can I talk about all the e
Speaker 1: vs without talking about Tesla. Tesla is a massive story
Speaker 1: here because not only are they dealing with the exposure
Speaker 1: story to China t s l A down up three
Speaker 1: and a half percent this morning, but they've also cut
Speaker 1: the price of automobiles in China by about five percent
Speaker 1: at the same time they're ramping up production. Asked some
Speaker 1: of their factories. So the question here is one, it
Speaker 1: kind of looks like they're making a little less on
Speaker 1: their bottom line, and two, at the same time, the
Speaker 1: dependence on China seems to be ramping up as well well. Crety,
Speaker 1: Let's bring you the little closer to home and look
Speaker 1: at FedEx. We absolutely should. FedEx shares are lower this
Speaker 1: morning as well. F d X is your ticker and
Speaker 1: I'm just gonna pull it up quickly again as by
Speaker 1: terminal freezes on me. Always handy Jerry alive hit but
Speaker 1: down about one point four percent in the pre market.
Speaker 1: What's important here to know here is that they are
Speaker 1: cut to equal weight from an overweight over at Wells Fargo,
Speaker 1: the company saying that revenue implications are not quite fully
Speaker 1: captured as they pivot from growth and towards efficiency. Remember,
Speaker 1: FedEx is one of the big players like EPs, they're
Speaker 1: trying to actually focus on perhaps a smaller consumer worker
Speaker 1: on supply chains as opposed to getting new customers and
Speaker 1: bulk orders. Just in this kind of time of logistics
Speaker 1: and supply chain issues, FedEx trying to work their way
Speaker 1: around it. All right, Thanks so much, created gooped to
Speaker 1: Bloomberg Radio and TV Markets correspondent created goopda joining us.
Speaker 1: We appreciate that looking at stocks as a whole ahead
Speaker 1: of the open, SNP futures are up now up nine
Speaker 1: points into down. Futures up ninety three. Whoops, dat future
Speaker 1: is now up a hundred three NASDAC features up five points,
Speaker 1: the ten year price up eleven thirty seconds, he yelled
Speaker 1: at four point one six. We have much more still
Speaker 1: to come. Stay with us on this Monday morning edition
Speaker 1: of Bloomberg Daybreak. This is Bloomberg and the Bloomberg Sports
Speaker 1: Report was brought to you by Audie. Don't let someone
Speaker 1: else drive off in the outie model you've always wanted.
Speaker 1: Visit your local try stay Doutie Dealer to get behind
Speaker 1: the wheel of yours today, or visit Autie Offers dot
Speaker 1: com for more information, markets, headlines and breaking news twenty
Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg
Speaker 1: Business Outland at Bloomberg Quick Take, This is a Bloomberg
Speaker 1: Business Flash and I'm Karen Moscow's and he future is
Speaker 1: on the rise. This morning we go to the First
Speaker 1: Word breaking news desk for today's morning call, and here's
Speaker 1: Bill Maloney the good morning and good morning Karen. That's right,
Speaker 1: us features off their early loads of doubt. Futures now
Speaker 1: up seventy six points, SPS gain six Nasdak is pairing
Speaker 1: losses to twelve. The US ten yield at four point
Speaker 1: one seven percent, Bold is down eight, Oil is in
Speaker 1: the red and bitcoin is little changed. Hong Kong plunge
Speaker 1: six percent overnight. As President she tightened his grip on
Speaker 1: power and European markets are firmly in the green. This morning,
Speaker 1: back in the US on the economic Fronday thirty, the
Speaker 1: Chicago Fed and at October p m I s In
Speaker 1: other news, Tess to cut the price of its cars
Speaker 1: in China and wrapping things up, and a lot of
Speaker 1: devices was cut to Equated, Barkley's Chevron cut the hold
Speaker 1: over at HSBC, and e t T was raised a
Speaker 1: strong by Brett Raymond James live from the first of
Speaker 1: Brick and News doscom. Bill Maloney, care all right, Phil,
Speaker 1: thank you, and to hear live breaking news of your
Speaker 1: Bloomberg type squawk on your terminal squ A w U
Speaker 1: K and that's a Bloomberg business flash. Now here's Michael
Speaker 1: Barr with more on what's going on around the world. Michael,
Speaker 1: thank you very much. Karon Rishi Sunac took a huge
Speaker 1: step toward becoming the UK's next Prime minister. As former
Speaker 1: premieer Boris Johnson pulled out of the contest. There's late
Speaker 1: word that SUNAC has more than half of the Tory support.
Speaker 1: In a brief statement on Twitter, SUNAC vowed to lead
Speaker 1: with integrity, professionalism, and accountability. The US and two of
Speaker 1: its allies are accusing Russia's defense minister of making false
Speaker 1: allegations after he claimed that Ukraine was planning to use
Speaker 1: a so called dirty bomb on its own soil. In baseball,
Speaker 1: it will be the Astros against the Phillies in the
Speaker 1: World Series. The Yankees are swept by Houston in in
Speaker 1: the a LCS in Game four six five. The Phillies
Speaker 1: beat the Padres four three to win the NLCS four
Speaker 1: games to one. In football, the Giants jetson Commanders all
Speaker 1: one nine lost in the NBA. The Wizards lost the
Speaker 1: Warriors one. In the NHL, the Islanders and Rangers lost.
Speaker 1: Global news twenty four hours a day on air and
Speaker 1: on Bloomberg Wi Tank, powered by more than seven hundred
Speaker 1: journalists and analysts more than a hundred twenty countries. I'm
Speaker 1: Michael bar This is Bloomberg. The following commentary is from
Speaker 1: Bloomberg Opinion. Apartment builders didn't get the housing slump memo.
Speaker 1: I'm justin Fox, a columnist for Bloomberg Opinion. The housing
Speaker 1: market is in a tough spot, with thirty year mortgage
Speaker 1: rates above seven percent and housing starts and prices falling.
Speaker 1: So why were more than one point seven million housing
Speaker 1: units under construction in the US and September a new
Speaker 1: all time high. The main answer seems to be that,
Speaker 1: for the first time since the early nineteen seventies, most
Speaker 1: of the housing units under construction are in apartment buildings.
Speaker 1: These take longer to build than single family houses, which
Speaker 1: boosts the under construction totals. Also, investors in multi family
Speaker 1: housing have yet to pull back in the face of
Speaker 1: rising rates in the same way that single family homebuyers have.
Speaker 1: That sounds reassuring, but given that the seventies multifamily building
Speaker 1: boom ended in an abrupt crash, and a small are
Speaker 1: one in the mid eighties did too, it probably shouldn't be.
Speaker 1: I'm justin Fox. For more opinion, please go to Bloomberg
Speaker 1: dot Com, Slash Opinion or O P I N go
Speaker 1: on the Bloomberg terminal. These has been Bloomberg Opinion and
Speaker 1: Bloomberg Opinion commentaries can be heard every weekday at this
Speaker 1: time and terminal customers can read more at O P
Speaker 1: I n GO. It is six fifty on Wall Street
Speaker 1: and returned to News and Science and Technology now but
Speaker 1: the Bloomberg and j I T STEM Report. It has
Speaker 1: brought to you by New Jersey Institute of Technology, ranked
Speaker 1: a top one national university by US News and World's
Speaker 1: Report in number fourteen in the nation on Money's Best
Speaker 1: Colleges list. Learn more at n J I T DOT
Speaker 1: E d U and Here's just making News and Science, Technology, engineering,
Speaker 1: and math. Megacap Technology companies enter this earning season with
Speaker 1: diminished stature. The five biggest firms by revenue among this cohort, Apple, Microsoft, Alphabet, Amazon,
Speaker 1: and Meta Platforms are mired in a profit slomp, with
Speaker 1: earnings per share projected default twent each per cent from
Speaker 1: the same quarter of one. That's the steepest contraction, and
Speaker 1: at least three years the group has lost roughly three
Speaker 1: trillion dollars in market value combined. This year, Dutch healthcare
Speaker 1: technology giant Phillips is scrapping four thousand staff worldwide. I
Speaker 1: meant to follow from a recall of sleep apnea machines
Speaker 1: and economic headwinds. The job cuts him out to about
Speaker 1: five percent of the company's global workforce, and Tesla has
Speaker 1: cut the price of his cars in China by about
Speaker 1: five percent as it ramps up production at a Shanghai factory.
Speaker 1: Then move partly reverses price heights and post earlier this
Speaker 1: year because comus Tesla faces hotter competition from local ev
Speaker 1: makers in China. And that's the Bloomberg and j I
Speaker 1: t Stem Report. Amy all right, thank you, Karen, and
Speaker 1: we're live from the Bloomberg Interactive Brokers studios where it
Speaker 1: is six fifty two on Wall Stree time now to
Speaker 1: check what's going on in d C. Some of the
Speaker 1: top stories in our nation's capital include one of President
Speaker 1: Biden's top advisers saying that the OPEC plus output cut
Speaker 1: was a political and not an economic move. How Speaker
Speaker 1: Nancy Pelosi says she doesn't have any regrets about the
Speaker 1: pandemic aid passed by Democrats, and the road to majority
Speaker 1: rule in the U. S. Senate could actually one through Nevada.
Speaker 1: We want to talk about those stories with Bloomberg Government
Speaker 1: reporter Emily Wilkins, who was in Nevada all last week
Speaker 1: covering the campaign trail. Let's start there. Emily. First of all,
Speaker 1: thanks for joining us. What are you watching for out
Speaker 1: in Nevada? So, Nevada is such an interesting state because
Speaker 1: obviously they have the big Senate race that we've all
Speaker 1: heard of. Democratic Senator Katherine Cortez Nastow is probably the
Speaker 1: Democratic senator who's in the most potential trouble for this November.
Speaker 1: She's facing off with Adam Laxalt, the Republican, and polling
Speaker 1: is showing this race just incredibly, incredibly close. Nevada is
Speaker 1: an interesting state because it has a lot of independent voters,
Speaker 1: and so even though it's kind of become a state
Speaker 1: that allowed us think of as leaning Democratic, that that's
Speaker 1: really not always the case. In addition to the Senate race,
Speaker 1: Nevada has four congress sational seats. Three of those are
Speaker 1: held by Democrats and all three are competitive. And it
Speaker 1: was really interesting traveling around the stay talking with folks
Speaker 1: about what their top issues were. The vast majority of
Speaker 1: everyone says it's the economy, says its gas prices, it's
Speaker 1: grocery prices. I talked with folks who are you know,
Speaker 1: coming out the grocery store, and just incredibly frustrated by
Speaker 1: the inflation that they're seen, and many of them that
Speaker 1: they will attribute it to a lot of different causes,
Speaker 1: but a lot of them still due to some extent
Speaker 1: playing the Biden administration. And it really just highlights the
Speaker 1: fact that a lot of this election is going to
Speaker 1: come down to the economy and that Democrats, as we
Speaker 1: saw this weekend from how Speaker Nancy Pelosi, are struggling
Speaker 1: a little bit and trying to figure out exactly what
Speaker 1: that most effective messages to convince voters that they should
Speaker 1: give Democrats another chance, even after the last two years
Speaker 1: have seen crisis increase. Let's talk about that. About what
Speaker 1: the House Speaker said on Sunday morning. She also said
Speaker 1: she doesn't regret pandemic Aid being passed by Democrats, which
Speaker 1: some say has helped exacerbate some of the inflation issues. Yeah,
Speaker 1: Pelosie really said that really stuck by and doubled down
Speaker 1: on democrats decision to do that. You've heard certain Democrats.
Speaker 1: Senator Mark Warner was on Bloomberg kind of noting that
Speaker 1: the amount of aid that was passed could have been
Speaker 1: a little smaller, might not have been as as inflationary
Speaker 1: or impact in inflation. But Pelosi said, look, you know
Speaker 1: this was during COVID. This is something that people needed
Speaker 1: to do to survive, uh, and that they put out
Speaker 1: the money there to sort of help folks get back
Speaker 1: on their feet. And that is another point that you're
Speaker 1: hearing from Democrats on the campaign trails. Look, two years ago,
Speaker 1: we were in the middle of the COVID pandemic. Now
Speaker 1: things are open, kids are back in school, masks are off,
Speaker 1: businesses are open um. And it's interesting to see because
Speaker 1: there are still some people who are very upset about
Speaker 1: the restrictions that were placed in COVID. There's still a
Speaker 1: lot of frustration that the Democrats for that, but they're
Speaker 1: really trying to overall turn it into a positive for
Speaker 1: what they were able to do with the economy in
Speaker 1: regards to COVID. We got a couple of minutes here, Emily,
Speaker 1: is Pelosi gonna be House Speaker after this term even
Speaker 1: if Dev's do hold onto the House, what's her future?
Speaker 1: That is such a great question, Amy, That is a
Speaker 1: question all of us in DC are asking each other.
Speaker 1: She's kept any decisions very close to her chest. She
Speaker 1: did say it's about several years ago that she would
Speaker 1: only serve two more terms as Speaker before handing along
Speaker 1: the gable. That would mean that she would step down
Speaker 1: as Speaker after this term. Of course, though Pelosi is
Speaker 1: running again, she hasn't talked to anyone it's specifically about
Speaker 1: what her plans are. There's a thought that she could
Speaker 1: potentially hold on to the speakership if Democrats keep the House,
Speaker 1: because Jessica, that would be such an uphill, big challenge
Speaker 1: for them to do. Everyone's basically expecting Republicans to hold
Speaker 1: the House. So if Democrats, for some reason keep it,
Speaker 1: maybe Pelosi has a shot of continuing her speakership. That said,
Speaker 1: I have talked to folks in Congress, and our reporters
Speaker 1: have have also written about this, that there is a
Speaker 1: sentence within the Democratic Party that new leadership is needed
Speaker 1: a Pelosi as well as the top number two and
Speaker 1: number three Democrats. They're all in their eighties. They served
Speaker 1: for decades at this point, and there's a sense that
Speaker 1: there's some new leadership that's now really needed within the party,
Speaker 1: just to reflect the broader diversity of the Democratic Party,
Speaker 1: as well as just to reflect that a lot of
Speaker 1: Democrats tend to be younger voters alright, Bloomberg Government reporter
Speaker 1: Emily Wilkins. Always a pleasure. Thank you so much for
Speaker 1: your insights. You can read more about these stories on
Speaker 1: Bloomberg dot com or on the Bloomberg terminal. And as
Speaker 1: a reminder, you can follow all of the latest on
Speaker 1: Bloomberg Radio in Washington on Bloomberg ninety nine one and
Speaker 1: one oh five point seven FM h D two. Karen,
Speaker 1: all right, Amy, thank you, And it's SAX fifty seven
Speaker 1: on Wall Street, and we are watching the markets this morning.
Speaker 1: As futures are showing a little more strength now. SMP
Speaker 1: futures up about twelve point sets up about a third
Speaker 1: of a percent. Down futures are up one hundred nineteen
Speaker 1: a Nastack futures are now up about nine the decks
Speaker 1: in Germany at one point three percent, the cat in
Speaker 1: Paris up one and a half percent. In the foot
Speaker 1: Sea one hundred up two tenths of upper set ten
Speaker 1: year treasury up thirteen thirty seconds, yield four point one
Speaker 1: six percent, and they yield on the two year at
Speaker 1: four point four seven percent. NIMEX scrude oil falling down
Speaker 1: one point one percent. It's sound eighty one cents now
Speaker 1: at eighty four dollars, twenty two cents of barrel comex
Speaker 1: school down a quarter percent or four dollars at sixteen
Speaker 1: fifty two thirty announced and the euro point nine to
Speaker 1: zero against the dollar. Bloomberg Surveillance straight Ahead with Tom Keene,
Speaker 1: Lisa of Ramelwooz and Jonathan Farrow and for Amy Morris
Speaker 1: Sun Karen Moscow, and this is Bloomberg