1 00:00:02,960 --> 00:00:06,160 Speaker 1: Live from the Bloomberg Interacted Burger Studios. This is Bloomberg 2 00:00:06,280 --> 00:00:09,800 Speaker 1: day Break for Friday, July two. Coming up this shour, 3 00:00:10,080 --> 00:00:13,800 Speaker 1: former Japanese Prime Minister Shinzo Abe has died after being 4 00:00:13,840 --> 00:00:16,760 Speaker 1: shot at a campaign event. Pressure amounts for Boris Johnson 5 00:00:16,800 --> 00:00:20,119 Speaker 1: to accelerate his exit from office. Wall Street braces for 6 00:00:20,200 --> 00:00:23,479 Speaker 1: the June Jobs report, and Twitter shares drop on doubt 7 00:00:23,560 --> 00:00:27,080 Speaker 1: the Elon must takeover? Will ever happen? Former Winehouse Council 8 00:00:27,120 --> 00:00:30,640 Speaker 1: Pat Sabloni appears before the January sixth panel. Plus another 9 00:00:30,760 --> 00:00:34,000 Speaker 1: shark attack on Long Island by Michael Barr. More ahead, 10 00:00:34,159 --> 00:00:36,800 Speaker 1: I'm trying to stash and sports the Yantes sixty win 11 00:00:36,880 --> 00:00:38,280 Speaker 1: of the year. They beat the Red Sox in the 12 00:00:38,400 --> 00:00:40,640 Speaker 1: first game played this year in Boston, an easy win 13 00:00:40,760 --> 00:00:46,720 Speaker 1: for the myths. That's all straight ahead on Bloomberg Daybreak 14 00:00:46,960 --> 00:00:51,200 Speaker 1: on Bloomberg eleven. For you on New York, Bloomberg one, Washington, 15 00:00:51,280 --> 00:00:54,600 Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine 16 00:00:54,680 --> 00:00:58,800 Speaker 1: sixties and Francisco Syrius XM one nineteen and around the 17 00:00:58,840 --> 00:01:02,120 Speaker 1: world on Bloomberg Radio dot Com and via the Bloomberg 18 00:01:02,160 --> 00:01:10,280 Speaker 1: Business Act. Good morning, I'm Nathan Hagar and I'm Karen Moscow. 19 00:01:10,400 --> 00:01:13,400 Speaker 1: U Snock Index futures are lower this morning. We're coming 20 00:01:13,480 --> 00:01:15,280 Speaker 1: up to find one on Wall Street, and we checked 21 00:01:15,280 --> 00:01:17,800 Speaker 1: the markets every fifteen minutes throughout the trading day. On 22 00:01:17,880 --> 00:01:21,800 Speaker 1: bloomberg SMP futures down sixteen points this morning, DAL futures 23 00:01:21,840 --> 00:01:24,920 Speaker 1: down a hundred ten Nasdack futures down sixty two. The 24 00:01:24,959 --> 00:01:27,880 Speaker 1: ten year treasury of five thirty seconds yield two point 25 00:01:27,959 --> 00:01:30,240 Speaker 1: nine seven percent, and they yield on the two year 26 00:01:30,680 --> 00:01:33,400 Speaker 1: is at three percent. Nathan al Right, careen, we begin 27 00:01:33,520 --> 00:01:37,120 Speaker 1: this morning with breaking news following a violent attack in Japan. 28 00:01:37,319 --> 00:01:41,399 Speaker 1: Former Prime Minister Shinzo Abe has died after being shot 29 00:01:41,480 --> 00:01:45,000 Speaker 1: during a campaign event. That's according to Japanese broadcaster NHK. 30 00:01:45,240 --> 00:01:49,320 Speaker 1: We get more from Bloomberg's Jared Reedy in Tokyo. The 31 00:01:49,360 --> 00:01:52,160 Speaker 1: reaction from the people here would be I think I 32 00:01:52,160 --> 00:01:54,880 Speaker 1: would term that those shock. These kind of events are 33 00:01:55,200 --> 00:01:58,000 Speaker 1: extremely rare for this kind of thing to happen in 34 00:01:58,000 --> 00:02:00,400 Speaker 1: a country where normally, you know, the Paul Picks are 35 00:02:00,480 --> 00:02:02,720 Speaker 1: quite stayed on, where there really wasn't a lot of 36 00:02:02,840 --> 00:02:06,560 Speaker 1: interest and stuff that's going on sometimes absolutely extraordinary, and 37 00:02:06,600 --> 00:02:10,040 Speaker 1: of course Glenn Crime here is extremely rare. Bloomberg scared 38 00:02:10,080 --> 00:02:12,079 Speaker 1: reading reports from Tokyo that the forty one year old 39 00:02:12,120 --> 00:02:15,040 Speaker 1: suspect has been arrested. That man told police he wanted 40 00:02:15,080 --> 00:02:18,080 Speaker 1: to kill Abe because he was frustrated with the former premier. 41 00:02:18,440 --> 00:02:21,919 Speaker 1: Abe reportedly died after being shot from about ten feet 42 00:02:21,919 --> 00:02:25,480 Speaker 1: away with what appeared to be a homemade firearm. Well meantime, 43 00:02:25,480 --> 00:02:28,360 Speaker 1: in the UK, Nathan pressure is building on Boris Johnson 44 00:02:28,400 --> 00:02:31,920 Speaker 1: to the relinquished power sooner. His Conservative Party wants to 45 00:02:32,000 --> 00:02:34,799 Speaker 1: speed up the contest to choose Johnson's successor by the 46 00:02:34,880 --> 00:02:38,600 Speaker 1: end of the summer. Bloomberg's Lizzie Burden, reporting from Westminster, 47 00:02:38,720 --> 00:02:41,800 Speaker 1: has more it's a wide open race at the moment. 48 00:02:42,160 --> 00:02:45,560 Speaker 1: The front runners are driven by those with military experience 49 00:02:45,600 --> 00:02:49,280 Speaker 1: and credentials, so the Defense Secretary Ben Wallace, the former 50 00:02:49,400 --> 00:02:53,040 Speaker 1: Defense Secretary Penny Moredument, and also Tom Tooganhart who has 51 00:02:53,080 --> 00:02:56,079 Speaker 1: never held a senior cabinet position but how served in 52 00:02:56,120 --> 00:02:59,359 Speaker 1: the armed forces. Of course, because of the war in Ukraine, 53 00:02:59,639 --> 00:03:02,760 Speaker 1: they taking the spotlight. But we're also in the midst 54 00:03:02,760 --> 00:03:04,800 Speaker 1: of a cost of living crisis here in the UK, 55 00:03:04,960 --> 00:03:08,480 Speaker 1: so that lends the limelight to the former Chancellor Rishi, 56 00:03:08,600 --> 00:03:12,200 Speaker 1: Sunac and Bloomberry Slezzie Burden says Boris Johnson is hoping 57 00:03:12,200 --> 00:03:14,760 Speaker 1: to stay on for at least three more months. Well 58 00:03:14,760 --> 00:03:17,840 Speaker 1: back here in the US, Karen relations with China are 59 00:03:17,880 --> 00:03:21,160 Speaker 1: in focus, and today President Biden meets to discuss possible 60 00:03:21,200 --> 00:03:25,079 Speaker 1: reductions in US tariffs on Chinese goods. Amy Morris has 61 00:03:25,120 --> 00:03:29,520 Speaker 1: details from our Bloomberg newsroom in Washington. Sources tell Bloomberg 62 00:03:29,560 --> 00:03:32,440 Speaker 1: News that today's meeting revolves around whether to remove some 63 00:03:32,520 --> 00:03:36,080 Speaker 1: Trump era levies on three hundred billion dollars in Chinese imports. 64 00:03:36,280 --> 00:03:39,760 Speaker 1: Reducing those tariffs is seen as a potential weapon against inflation. 65 00:03:40,000 --> 00:03:43,680 Speaker 1: Treasury Secretary Tenant Yellen and Commerce Secretary Gina Ramando have 66 00:03:43,880 --> 00:03:47,000 Speaker 1: said that it could help, but ending tariffs on Chinese 67 00:03:47,080 --> 00:03:51,080 Speaker 1: goods won't help Americans where higher prizes hurt the most, food, fuel, 68 00:03:51,160 --> 00:03:55,400 Speaker 1: and housing. Yellen, Ramando and Trade Representative Katherine Tye will 69 00:03:55,440 --> 00:03:59,960 Speaker 1: not attend today's meeting in Washington. I'm Amy Morris, Bloomberg Daybreak, right, Amy, 70 00:04:00,080 --> 00:04:02,440 Speaker 1: thank you. Turning to the economy now, we are less 71 00:04:02,480 --> 00:04:04,720 Speaker 1: than three and a half hours away from the June 72 00:04:04,760 --> 00:04:08,160 Speaker 1: jobs report. Economists say hayroll gains will slow after the 73 00:04:08,200 --> 00:04:10,880 Speaker 1: FED raised interest rates and we get more from Bloomberg's 74 00:04:10,920 --> 00:04:13,920 Speaker 1: Muchael McKee, The consensus view is FED officials will be 75 00:04:13,960 --> 00:04:17,920 Speaker 1: pleased by the June jobs report, Hiring slowing but still strong, 76 00:04:18,200 --> 00:04:23,200 Speaker 1: unemployment essentially unchanged, and wage pressure is easy. An unfecast 77 00:04:23,240 --> 00:04:27,080 Speaker 1: result would likely leave Wall Street investors reasonably satisfied as well. 78 00:04:27,600 --> 00:04:29,720 Speaker 1: The question is what happens if we get an extremely 79 00:04:29,760 --> 00:04:33,680 Speaker 1: strong or extremely weak report. The central bankers have suggested 80 00:04:33,680 --> 00:04:36,440 Speaker 1: a strong report won't change their plans for what will 81 00:04:36,480 --> 00:04:39,400 Speaker 1: likely be another three quarter percentage point increase at the 82 00:04:39,480 --> 00:04:42,560 Speaker 1: end of the month, but expect volatility of weak numbers 83 00:04:42,640 --> 00:04:47,080 Speaker 1: lead investors to increase bets on recession. Michael McKee, Bloomberg Daybreak, 84 00:04:47,400 --> 00:04:49,800 Speaker 1: Mike thanksful. Two of the feds most hawkish members are 85 00:04:49,839 --> 00:04:52,000 Speaker 1: coming out and support a bigger rate hikes. Here's FED 86 00:04:52,040 --> 00:04:55,680 Speaker 1: Governor Christopher Waller. I'm definitely in support of doing another 87 00:04:55,720 --> 00:05:00,840 Speaker 1: seventy five based point high in July, probably fifty in September, 88 00:05:00,880 --> 00:05:03,000 Speaker 1: and then after that we can debate whether to go 89 00:05:03,160 --> 00:05:07,560 Speaker 1: back down to FED Governor Christopher Waller made those comments 90 00:05:07,560 --> 00:05:10,279 Speaker 1: at an event hosted by the National Association for Business 91 00:05:10,279 --> 00:05:13,919 Speaker 1: Economics ST Louis FED President Jim Bullard's also calling for 92 00:05:13,960 --> 00:05:17,040 Speaker 1: a seventy five basis point rate hike this month. If 93 00:05:17,080 --> 00:05:21,320 Speaker 1: we don't get the inflation under control, inflation expectations could 94 00:05:21,400 --> 00:05:25,680 Speaker 1: become unmoored, and if that happened, then you get this 95 00:05:25,839 --> 00:05:29,440 Speaker 1: long and complicated tangle like we did in the seventies. 96 00:05:29,640 --> 00:05:32,239 Speaker 1: Both Bullard and Waller are voting members of the Federal 97 00:05:32,320 --> 00:05:35,320 Speaker 1: Open Market Committee this year. Well. Turning to corporate news, 98 00:05:35,320 --> 00:05:37,800 Speaker 1: now Nathan Shares a Twitter down more than four percent 99 00:05:37,880 --> 00:05:40,840 Speaker 1: in early trading. There's more concerned that Elon must propose 100 00:05:40,920 --> 00:05:44,200 Speaker 1: acquisition of the social media company is falling apart. To 101 00:05:44,279 --> 00:05:46,560 Speaker 1: get the latest from Bloomberg and Ali Bossak, who was 102 00:05:46,920 --> 00:05:51,359 Speaker 1: at this week's tech conference in Sun Valley. Twitter CEO, CFO, 103 00:05:51,680 --> 00:05:54,760 Speaker 1: and board chair are all here at a small meeting 104 00:05:54,920 --> 00:05:57,760 Speaker 1: of elite investors. Now, there's a concern that the deal 105 00:05:57,800 --> 00:06:00,640 Speaker 1: for Elon must have buy Twitter maybe in jeopardy, as 106 00:06:00,640 --> 00:06:03,719 Speaker 1: he's concerned about bots and has stopped talks with a 107 00:06:03,839 --> 00:06:08,080 Speaker 1: key potential investor. According to the Washington Post. However, investors 108 00:06:08,120 --> 00:06:10,880 Speaker 1: at Sun Valley also believe that Elon Musk maybe looking 109 00:06:10,880 --> 00:06:14,080 Speaker 1: to renegotiate the deal, especially given that Twitter stock right 110 00:06:14,320 --> 00:06:17,599 Speaker 1: has fallen so far. I'm Shinnali Bassek in Sun Valley 111 00:06:17,600 --> 00:06:20,919 Speaker 1: for Bloomberg News and Bloomberg Shonali Boss and sun Valley 112 00:06:20,960 --> 00:06:24,239 Speaker 1: says Muskee Slater to speak at the conference tomorrow. Shares 113 00:06:24,279 --> 00:06:26,880 Speaker 1: of game Stop Karen are also following in early trading 114 00:06:26,880 --> 00:06:30,200 Speaker 1: the damn nearly six percent on a key executive departure. 115 00:06:30,279 --> 00:06:32,560 Speaker 1: Let's get more on that Live from Bloomberg's Unita Young, 116 00:06:32,560 --> 00:06:35,560 Speaker 1: Good morning Grenada, Good morning, Nathan. Game Stop fired at 117 00:06:35,600 --> 00:06:38,839 Speaker 1: CFO Mike recooper Ro yesterday. He was one of the 118 00:06:38,920 --> 00:06:42,479 Speaker 1: several Amazon employees that game Stop had recently hired in 119 00:06:42,520 --> 00:06:45,880 Speaker 1: an effort to shift its focus from physical storefronts to 120 00:06:46,040 --> 00:06:49,920 Speaker 1: e commerce. But Bloomberg sources say Recooperro was fired because 121 00:06:49,920 --> 00:06:53,120 Speaker 1: he was not hands on enough and treated game Stop 122 00:06:53,160 --> 00:06:56,400 Speaker 1: as if it were Amazon. The current chief accounting officer 123 00:06:56,560 --> 00:06:59,719 Speaker 1: will replace him. The company is attempting to turn around 124 00:06:59,760 --> 00:07:03,240 Speaker 1: a business that's been hit by shifting gaming demands and 125 00:07:03,360 --> 00:07:06,479 Speaker 1: a troubled market. Live in New York, I'm reneed a 126 00:07:06,520 --> 00:07:09,159 Speaker 1: Young Bloomberg Daybreak, Thanks for neat to Bloomberg Daybreak, brought 127 00:07:09,160 --> 00:07:11,200 Speaker 1: to you by Informatica and the cloud. Your data has 128 00:07:11,240 --> 00:07:13,680 Speaker 1: the power to do the extraordinary. Managed data across any 129 00:07:13,720 --> 00:07:16,520 Speaker 1: location in the cloud for accurate and actionable insights. More 130 00:07:16,600 --> 00:07:23,680 Speaker 1: at Informatica dot com. This is Bloomberg and it's now 131 00:07:23,720 --> 00:07:25,600 Speaker 1: five oh seven on Wall Street, where at sixt eight 132 00:07:25,640 --> 00:07:28,840 Speaker 1: degrees in Central Park we're already saying thirty minute delays 133 00:07:28,880 --> 00:07:31,520 Speaker 1: in the inbound upper level of George Washington Bridge. You 134 00:07:31,560 --> 00:07:35,320 Speaker 1: can thank Overnight Construction for that. More details coming up 135 00:07:35,320 --> 00:07:37,720 Speaker 1: in traffic. First Michael Barr with what else is going 136 00:07:37,760 --> 00:07:39,680 Speaker 1: on once you get in New York and around the world. 137 00:07:39,800 --> 00:07:42,560 Speaker 1: Good morning, Michael, Good morning. Nathan. The star witness appears 138 00:07:42,600 --> 00:07:45,960 Speaker 1: before the U. S. House Committee investigating the US capital attack. 139 00:07:46,400 --> 00:07:48,520 Speaker 1: It will be a private meeting, but it good set 140 00:07:48,560 --> 00:07:51,560 Speaker 1: the stage for the rest of the investigation. The committee 141 00:07:51,600 --> 00:07:54,320 Speaker 1: had been leaning on Pat Sapoloni the Trump White House 142 00:07:54,320 --> 00:07:57,960 Speaker 1: Council to appear for weeks. A Fire Island lifeguard was 143 00:07:58,000 --> 00:08:00,880 Speaker 1: bitten by a shark on Long Island, US today, possibly 144 00:08:00,880 --> 00:08:03,600 Speaker 1: the third such attack in the past week. The lifeguard 145 00:08:03,640 --> 00:08:06,320 Speaker 1: was bitten near his left foot while conducting a training 146 00:08:06,360 --> 00:08:09,360 Speaker 1: exercise about a hundred fifty to two hundred yards from 147 00:08:09,360 --> 00:08:12,960 Speaker 1: the shoreline. He was treated and released. The Biden administration 148 00:08:13,040 --> 00:08:15,760 Speaker 1: says it's still working the free w n B A 149 00:08:15,840 --> 00:08:19,000 Speaker 1: star Britney Grinder, now that she's pleaded guilty to the 150 00:08:19,080 --> 00:08:22,480 Speaker 1: Russian drug charges against her. Grinder told the Russian court 151 00:08:22,560 --> 00:08:25,240 Speaker 1: she didn't mean to put a vapor cartridge containing drugs 152 00:08:25,240 --> 00:08:28,000 Speaker 1: in her suitcase when she flew to Russia. She could 153 00:08:28,080 --> 00:08:30,480 Speaker 1: be sentenced to ten years in prison. White House Press 154 00:08:30,520 --> 00:08:33,640 Speaker 1: Secretary Karene Jean Pierre says they are still trying to 155 00:08:33,679 --> 00:08:37,240 Speaker 1: free her. Clearly, we cannot negotiate in public. That is 156 00:08:37,480 --> 00:08:40,079 Speaker 1: not something that we're going to do, but we are 157 00:08:40,080 --> 00:08:42,840 Speaker 1: committed to making sure they all get home safely. Press 158 00:08:42,880 --> 00:08:46,079 Speaker 1: Secretary Karine Jean Pierre also says they're working is hard 159 00:08:46,160 --> 00:08:49,400 Speaker 1: to free American Paul Wheeland, a man who was convicted 160 00:08:49,400 --> 00:08:51,800 Speaker 1: of murder in connection with the twenty nineteen shooting death 161 00:08:51,840 --> 00:08:54,160 Speaker 1: of a New York City police officer, was sentenced to 162 00:08:54,320 --> 00:08:57,520 Speaker 1: at least thirty years in prison. The Queen's County District 163 00:08:57,520 --> 00:09:00,840 Speaker 1: Attorney says twenty eight year old Jagger Freeman planned the 164 00:09:00,920 --> 00:09:05,240 Speaker 1: hold up that resulted in Detective Brian Simons deaths. The 165 00:09:05,440 --> 00:09:10,000 Speaker 1: second officer was also wounded. Former Minneapolis police officer Derek 166 00:09:10,120 --> 00:09:12,920 Speaker 1: Chauvin has learned his fate and a federal plea deal 167 00:09:13,120 --> 00:09:16,760 Speaker 1: for violating George Floyd's civil rights. Chauvin is already serving 168 00:09:16,760 --> 00:09:20,200 Speaker 1: a lengthy sentence for killing Floyd, and he's been sentenced 169 00:09:20,240 --> 00:09:22,640 Speaker 1: to a little more than twenty years in a federal prison. 170 00:09:23,000 --> 00:09:27,400 Speaker 1: During sentencing hearing, Chauvin offered no apology. George Floyd's father, 171 00:09:27,640 --> 00:09:31,640 Speaker 1: flon a brother, brother Felonis, spoke outside the courthouse after 172 00:09:31,679 --> 00:09:34,640 Speaker 1: the hearing. You will about here to serve and petit 173 00:09:34,960 --> 00:09:38,280 Speaker 1: because that's your job title, to server petit. But I 174 00:09:38,320 --> 00:09:41,360 Speaker 1: didn't see that that day. All I see was my 175 00:09:41,559 --> 00:09:46,320 Speaker 1: brother taken away. All I seen with his last breath, 176 00:09:46,800 --> 00:09:49,360 Speaker 1: All I see with him screaming out to my mom. 177 00:09:49,920 --> 00:09:53,040 Speaker 1: Felonis Floyd. Global News twenty four hours a day on 178 00:09:53,120 --> 00:09:55,920 Speaker 1: air and on Bloomberg Quicktake, powered by more than twenty 179 00:09:56,000 --> 00:09:58,720 Speaker 1: seven hundred journalist and analysts more than a hundred twenty countries. 180 00:09:59,040 --> 00:10:06,400 Speaker 1: Michael Barr, this is Bomberg. Nathan. Thanks Michael, got up 181 00:10:06,440 --> 00:10:08,920 Speaker 1: to five town Ball Street time for the Bloomberg Sports Update. 182 00:10:08,960 --> 00:10:11,120 Speaker 1: Good morning, John Sessha, All right, good morning Nathan and 183 00:10:11,160 --> 00:10:13,319 Speaker 1: the Yankees first game this season in Boston, they get 184 00:10:13,320 --> 00:10:14,960 Speaker 1: their sixty at the win of the year. They didn't 185 00:10:14,960 --> 00:10:18,640 Speaker 1: even use Aaron Judge or Anthony Rizzo, both nursing minor injuries. 186 00:10:18,760 --> 00:10:20,640 Speaker 1: That's fifty two home runs on the bench. But the 187 00:10:20,679 --> 00:10:23,440 Speaker 1: Yanks got a third in the Grand Slam from Josh Donaldson. 188 00:10:23,520 --> 00:10:25,640 Speaker 1: Aaron Hicks followed with a solo shot. That's two guys 189 00:10:25,679 --> 00:10:28,200 Speaker 1: who have not hit well this season. They both now 190 00:10:28,280 --> 00:10:30,120 Speaker 1: homer and back to back games. The Yanks led five 191 00:10:30,160 --> 00:10:32,600 Speaker 1: to nothing, later six to two, and they held on 192 00:10:32,640 --> 00:10:35,319 Speaker 1: to win six five. The Red Sox. Raphael Devers did 193 00:10:35,400 --> 00:10:38,240 Speaker 1: his party, drove in all five, hit two homers off 194 00:10:38,240 --> 00:10:40,559 Speaker 1: Garrett Cole, who Deva's own as he's had six off 195 00:10:40,640 --> 00:10:43,600 Speaker 1: Cole in his career, leaving the Yankee Eates wondering what 196 00:10:43,640 --> 00:10:49,439 Speaker 1: he has to do against ever. Pretty it's pretty wild. 197 00:10:49,480 --> 00:10:50,920 Speaker 1: He's just been able to hit every I mean, this 198 00:10:51,120 --> 00:10:53,360 Speaker 1: just hasn't been a misship, you know, like roll over 199 00:10:53,400 --> 00:10:59,480 Speaker 1: one time, like line out one time. I mean, so um, 200 00:10:59,520 --> 00:11:01,640 Speaker 1: you know, bus it's supposed to fail seven out of 201 00:11:01,679 --> 00:11:03,120 Speaker 1: ten times in this gig. I don't know what the 202 00:11:03,160 --> 00:11:05,320 Speaker 1: deal is. Hold that everyone else out got his eighth win. 203 00:11:05,400 --> 00:11:08,880 Speaker 1: Clay Holmes is sixteenth, saying the Yankees are fifteen games 204 00:11:08,880 --> 00:11:10,720 Speaker 1: ahead of the Red Sox. At SENDI failed the easy 205 00:11:10,720 --> 00:11:13,160 Speaker 1: one for the Mets, tend nothing over the Marlins light 206 00:11:13,240 --> 00:11:15,719 Speaker 1: the Yankees production from guys who have struggled to J. D. 207 00:11:15,880 --> 00:11:19,600 Speaker 1: Davis Grand Slam, Brian McCann three run Homer and Trevor Williams, 208 00:11:19,640 --> 00:11:22,480 Speaker 1: who came in just one in five Pearl seven scoreless 209 00:11:22,480 --> 00:11:24,040 Speaker 1: and he's load only two hits, no walks to be 210 00:11:24,080 --> 00:11:27,439 Speaker 1: struck out. Seven men's semifinals today had wimbled them but 211 00:11:27,480 --> 00:11:30,400 Speaker 1: only one match. Novack Jocovis takes on the South African 212 00:11:30,520 --> 00:11:34,600 Speaker 1: Cameron Norry. The much anticipated match between rap Field at 213 00:11:34,640 --> 00:11:36,800 Speaker 1: All and the Ausete Nick Rios is off. The DAAL 214 00:11:36,920 --> 00:11:39,920 Speaker 1: had to pull out with an abdominal injury. Women's final tomorrow. 215 00:11:39,920 --> 00:11:42,599 Speaker 1: A couple of relative unknowns on Joe Burrow of Tunisia 216 00:11:42,880 --> 00:11:46,920 Speaker 1: and Elena Rybakina of kazakhstand, John Stash Downward Bloomberg sports 217 00:11:47,000 --> 00:11:49,600 Speaker 1: name okay, John, thank you right now. SMP futures are 218 00:11:49,640 --> 00:11:52,040 Speaker 1: down twenty points, staff futures down a hundred thirty three. 219 00:11:52,080 --> 00:11:56,120 Speaker 1: NESSACS futures are lower by seventy seven points up next 220 00:11:56,200 --> 00:11:59,880 Speaker 1: will get the latest from Tokyo the death former prim 221 00:12:00,400 --> 00:12:07,920 Speaker 1: Shinzo Abe. Bloomberg's Karoomy Morty joins us next Bloomberg eleven 222 00:12:07,960 --> 00:12:10,079 Speaker 1: three oh Weather turning probably to mostly cloudy today with 223 00:12:10,160 --> 00:12:13,800 Speaker 1: highs in the upper eighties, low eighties, sunny and less 224 00:12:13,880 --> 00:12:17,160 Speaker 1: humid tomorrow. It's gonna be a nice weekend right now 225 00:12:17,800 --> 00:12:24,120 Speaker 1: sixty degrees in Central Park. Markets, headlines and breaking news 226 00:12:24,240 --> 00:12:26,800 Speaker 1: twenty four hours a day at Bloomberg dot Com and 227 00:12:26,880 --> 00:12:31,000 Speaker 1: Bloomberg Business Atland. At Bloomberg Quick Tape, He's a Bloomberg 228 00:12:31,080 --> 00:12:40,000 Speaker 1: Business Flash and I'm Camra a Moscow US knock Indix 229 00:12:40,080 --> 00:12:43,600 Speaker 1: futures and European equities are lower following news former Japanese 230 00:12:43,640 --> 00:12:46,960 Speaker 1: Prime Minister Shenzo Abe was shot dead, and as investors 231 00:12:47,000 --> 00:12:50,000 Speaker 1: await employment data to gage whether the world's largest economy 232 00:12:50,040 --> 00:12:52,920 Speaker 1: can avoid a recession. We checked the markets every fifteen 233 00:12:52,920 --> 00:12:55,599 Speaker 1: minutes throughout the trading day on Bloomberg S and P 234 00:12:55,800 --> 00:12:58,960 Speaker 1: futures down twenty points down, futures down a hundred thirty two, 235 00:12:59,040 --> 00:13:02,400 Speaker 1: nowsday futures down eighty one the decks in Germany's down 236 00:13:02,440 --> 00:13:05,560 Speaker 1: half percent. Ten year treasury up to thirty seconds held 237 00:13:05,559 --> 00:13:07,760 Speaker 1: two point nine eight percent. They yield on the two 238 00:13:07,840 --> 00:13:11,079 Speaker 1: year three point one percent nine mex Screwed oil is 239 00:13:11,080 --> 00:13:13,360 Speaker 1: down three quarters of a percent, down seventy six cents 240 00:13:13,400 --> 00:13:16,320 Speaker 1: and a hundred one dollars ninety eight cents of barrel comes. 241 00:13:16,360 --> 00:13:18,440 Speaker 1: Gold is down three tenths per cent, or four dollars 242 00:13:18,520 --> 00:13:22,000 Speaker 1: ninety cents at seventeen thirty four eighty announced, the euro 243 00:13:22,120 --> 00:13:25,440 Speaker 1: one point one zero against the dollar, British found one 244 00:13:25,440 --> 00:13:28,040 Speaker 1: point one nine four two and the unit one thirty 245 00:13:28,040 --> 00:13:30,680 Speaker 1: five point eight five. And looking at bitcoin this morning, 246 00:13:30,679 --> 00:13:33,640 Speaker 1: it's down one point one percent at twenty one thousand, 247 00:13:33,720 --> 00:13:36,199 Speaker 1: three hundred sixty dollars and the Dune jobs report is 248 00:13:36,240 --> 00:13:38,920 Speaker 1: at a eight thirty wall straight time as a Bloomberg 249 00:13:38,920 --> 00:13:41,480 Speaker 1: business flash. Now here's Michael Barr with more on what's 250 00:13:41,520 --> 00:13:44,760 Speaker 1: going on around the world. Munchael, Good morning, Good morning, Karen. 251 00:13:44,800 --> 00:13:48,720 Speaker 1: As you mentioned, former Japanese from innister Zo Abe has died. 252 00:13:48,760 --> 00:13:52,240 Speaker 1: According to n H k Abe died in a Japanese hospital. 253 00:13:52,320 --> 00:13:56,199 Speaker 1: Lefty was shot during a campaign stop. Today Cabinet officials 254 00:13:56,240 --> 00:13:59,160 Speaker 1: will meet to discuss a response. The man who attacked 255 00:13:59,160 --> 00:14:01,880 Speaker 1: Abe has been arrested, and of course we'll have more 256 00:14:02,240 --> 00:14:04,959 Speaker 1: on this story in a few moments. In baseball, the 257 00:14:05,000 --> 00:14:08,040 Speaker 1: Yankees be the bred Sox six five Mats one. Orioles 258 00:14:08,080 --> 00:14:11,480 Speaker 1: also won. The Nationals lost along with the Giants. Global 259 00:14:11,520 --> 00:14:14,520 Speaker 1: News twenty four hours a day on airand on Bloomberg Quicktake, 260 00:14:14,800 --> 00:14:17,880 Speaker 1: powered by more than und journalists and analysts more than 261 00:14:17,920 --> 00:14:21,040 Speaker 1: a hundred twenty countries. Michael Barr and this is Bloomberg. 262 00:14:21,080 --> 00:14:23,240 Speaker 1: Nathan alright, Michael, thank you. It is five nineteen on 263 00:14:23,280 --> 00:14:26,280 Speaker 1: Wall Street Live from the Bloomberg Interactive Broker Studios. This 264 00:14:26,400 --> 00:14:29,120 Speaker 1: is Bloomberg Daybreak as we continue following the breaking news 265 00:14:29,120 --> 00:14:32,720 Speaker 1: out of Tokyo and confirmation that former Prime Minister Shenzo 266 00:14:32,800 --> 00:14:36,880 Speaker 1: Ambe has died after being shot at that campaign stopped. 267 00:14:36,920 --> 00:14:40,360 Speaker 1: Doctors in Tokyo say he was brought in in grave 268 00:14:40,480 --> 00:14:43,800 Speaker 1: condition and was pronounced dead a little more than an 269 00:14:43,800 --> 00:14:48,000 Speaker 1: hour ago. Bloomberg's Karum Mori joins us live from outside 270 00:14:48,040 --> 00:14:51,920 Speaker 1: the hospital in Tokyo where Japan's longest serving prime minister 271 00:14:52,480 --> 00:14:57,320 Speaker 1: was being treated. Just shocking developments in the last few 272 00:14:57,360 --> 00:15:01,560 Speaker 1: minutes here, karom Yeah, that's right. I'm actually in not 273 00:15:01,680 --> 00:15:05,560 Speaker 1: a medical university hospital right outside of the building. Uh, 274 00:15:05,600 --> 00:15:08,560 Speaker 1: this is where Prime Minister Abe had been camp scene 275 00:15:08,640 --> 00:15:11,080 Speaker 1: in earlier in the day, where about four hours away 276 00:15:11,240 --> 00:15:16,440 Speaker 1: west from Tokyo. UH just left the press conference where 277 00:15:16,520 --> 00:15:19,040 Speaker 1: the head of the hospital and the e R doctor 278 00:15:19,080 --> 00:15:22,440 Speaker 1: in charge of treating Abbe was just speaking. The doctor 279 00:15:22,480 --> 00:15:25,000 Speaker 1: to Kushima, who was that e ER doctor had said, 280 00:15:25,520 --> 00:15:29,320 Speaker 1: UH that Prime Minister Shinzo Abe was declared dead a 281 00:15:29,360 --> 00:15:32,320 Speaker 1: former prime minister. She was declared dead at five o 282 00:15:32,520 --> 00:15:36,160 Speaker 1: three pm local time. He was brought into the hospital 283 00:15:36,200 --> 00:15:38,840 Speaker 1: and at that time he was under cardiac arrest, so 284 00:15:38,920 --> 00:15:43,320 Speaker 1: already unconscious, UM, and his heart had stopped. They're offering 285 00:15:43,320 --> 00:15:47,120 Speaker 1: their condolences. UM just adding that the bullet had unfortunately 286 00:15:47,120 --> 00:15:50,080 Speaker 1: tiers to his heart. We learned earlier in the day 287 00:15:50,120 --> 00:15:55,120 Speaker 1: that he campaign shows supporting the LVT. At sixty seven 288 00:15:55,200 --> 00:15:58,200 Speaker 1: years old, you know, UM, he was still part of 289 00:15:58,320 --> 00:16:02,280 Speaker 1: a powerful send the Japanese politics. He was leading the 290 00:16:02,360 --> 00:16:06,160 Speaker 1: largest faction in ruling l v P. He was shot 291 00:16:06,240 --> 00:16:10,840 Speaker 1: from the back. Again. Security was not too terribly tight, 292 00:16:11,120 --> 00:16:16,560 Speaker 1: Japan being low crime rate country and gun violence being 293 00:16:16,880 --> 00:16:19,920 Speaker 1: very rare here in Japan. But all of this really 294 00:16:19,960 --> 00:16:23,720 Speaker 1: taking place two days before the Upper House election. UM, 295 00:16:23,760 --> 00:16:27,440 Speaker 1: that will happen on Sunday, July tenth, this weekend. Um. 296 00:16:27,480 --> 00:16:31,120 Speaker 1: But again yeah, getting this confirmation now that he has 297 00:16:31,560 --> 00:16:35,320 Speaker 1: unfortunately passed, who survived by his wife Kada, who we 298 00:16:35,360 --> 00:16:38,760 Speaker 1: saw had walked into the hospital just hours earlier. This 299 00:16:38,920 --> 00:16:41,000 Speaker 1: just has to be sending a shutter through the country, 300 00:16:41,320 --> 00:16:44,360 Speaker 1: given that, as you say, a violence of really any kind, 301 00:16:44,440 --> 00:16:47,440 Speaker 1: much less gun violence is so rare in Japan, and 302 00:16:47,480 --> 00:16:50,440 Speaker 1: coming so close to an election day, What does this 303 00:16:50,520 --> 00:16:57,560 Speaker 1: mean politically, if not just societally in Japan? Al right, absolutely, 304 00:16:58,360 --> 00:17:01,200 Speaker 1: right after the news broke of the shooting, we saw 305 00:17:01,320 --> 00:17:05,160 Speaker 1: candidates actually uh cost on social media announcing that they 306 00:17:05,160 --> 00:17:09,879 Speaker 1: will be stopping the campaigning activities for today given the news, 307 00:17:10,520 --> 00:17:14,199 Speaker 1: But Finance Mr Suzuki had had announced the to the 308 00:17:14,240 --> 00:17:17,159 Speaker 1: press a few hours ago that actually changing election plans 309 00:17:17,359 --> 00:17:20,800 Speaker 1: would mean a loss for democracy. We will not lose 310 00:17:20,960 --> 00:17:24,320 Speaker 1: to the violence. So it sounds like the elections on 311 00:17:24,400 --> 00:17:27,600 Speaker 1: July tempt here in Japan upper House elections still go 312 00:17:27,760 --> 00:17:31,600 Speaker 1: ahead as planned. What do we know about the suspect? 313 00:17:31,680 --> 00:17:35,560 Speaker 1: We understand that the suspect in the shooting has been arrested. 314 00:17:36,000 --> 00:17:39,440 Speaker 1: What what further information have we learned about this person 315 00:17:39,600 --> 00:17:44,680 Speaker 1: of any potential motive Yeah, that's right, Nathan. Uh. He 316 00:17:44,880 --> 00:17:48,760 Speaker 1: is a nan a local. Um. It was a handmade 317 00:17:48,800 --> 00:17:52,240 Speaker 1: gun that he was holding. He is a man in 318 00:17:52,280 --> 00:17:55,840 Speaker 1: his forties. We're hearing forty one or forty two years old, 319 00:17:56,240 --> 00:17:59,439 Speaker 1: and he was actually a former member of Japan's Self 320 00:17:59,520 --> 00:18:02,880 Speaker 1: Defense fourth Uh, so you know, he must have had 321 00:18:03,440 --> 00:18:08,600 Speaker 1: some sort of training and experience. But again, the suspect, 322 00:18:08,600 --> 00:18:13,800 Speaker 1: the prospective shooter, has been apprehended. He is under police custody. Uh. 323 00:18:13,920 --> 00:18:17,200 Speaker 1: Local reports that he didn't try to sleave sleeve the 324 00:18:17,480 --> 00:18:21,919 Speaker 1: site after he had shot former Prime Minister Shinzo Abe. 325 00:18:22,119 --> 00:18:24,840 Speaker 1: But again we're learning more and more as a detail 326 00:18:24,840 --> 00:18:28,040 Speaker 1: has come out. But the the biggest news now is 327 00:18:28,080 --> 00:18:31,960 Speaker 1: that Prime Ministersion, the former prime minister, has has passed. 328 00:18:32,720 --> 00:18:36,400 Speaker 1: And just given the fact that he was Japan's longest 329 00:18:36,480 --> 00:18:40,199 Speaker 1: serving prime minister, had had such an impact on Japanese 330 00:18:40,200 --> 00:18:43,200 Speaker 1: politics in recent years, what does what does this mean 331 00:18:43,240 --> 00:18:47,959 Speaker 1: in terms of the political impact the whole left behind 332 00:18:48,480 --> 00:18:54,120 Speaker 1: by the death now of Shinzo Abe. Yeah, that's right again, 333 00:18:54,160 --> 00:18:56,880 Speaker 1: like I said, I mean, he was the longest serving 334 00:18:57,320 --> 00:19:00,800 Speaker 1: prime minister ever in Japan's history since eighteen A. He 335 00:19:01,280 --> 00:19:04,280 Speaker 1: served a total of eight years and eight months. He 336 00:19:04,359 --> 00:19:06,760 Speaker 1: was still very much an icon of the l VPT 337 00:19:06,840 --> 00:19:12,840 Speaker 1: even after he resigned for health reasons. Again, he is 338 00:19:12,880 --> 00:19:16,639 Speaker 1: a huge member he had and a determined office in 339 00:19:16,680 --> 00:19:19,760 Speaker 1: which he pursued with of course makes results a conservative 340 00:19:19,760 --> 00:19:24,120 Speaker 1: agenda over during the country's economy, military and national pride. 341 00:19:24,359 --> 00:19:26,439 Speaker 1: But this is a huge hit for l VP. He 342 00:19:26,520 --> 00:19:32,119 Speaker 1: still was an influential figure in the ruling party. Again, 343 00:19:32,200 --> 00:19:36,199 Speaker 1: that says Bloomberg's Karoom Romy Mari with us this morning 344 00:19:36,320 --> 00:19:40,679 Speaker 1: live outside the hospital in Nara, Japan. Karoomi, thank you 345 00:19:40,760 --> 00:19:42,919 Speaker 1: so much for being with us again. The breaking news 346 00:19:43,000 --> 00:19:47,639 Speaker 1: out of Nara, Japanese former Prime Minister Shinzo Abe has 347 00:19:47,880 --> 00:19:51,560 Speaker 1: died in the hospital after being shot at a campaign event. 348 00:19:51,600 --> 00:19:54,320 Speaker 1: Of course, we will be following the news and the 349 00:19:54,359 --> 00:19:58,400 Speaker 1: reaction throughout the morning. Stay with Bloomberg Radio for all 350 00:19:58,440 --> 00:20:03,280 Speaker 1: the very latest. It's now on Wall Street and we 351 00:20:03,400 --> 00:20:07,600 Speaker 1: have to shift gears now focus on the US economy 352 00:20:07,760 --> 00:20:11,439 Speaker 1: with just about three hours until the release of the 353 00:20:11,520 --> 00:20:14,640 Speaker 1: June payrolls report. Of course that's going to be very 354 00:20:14,680 --> 00:20:17,320 Speaker 1: important for investors this morning. Not to mention the FED 355 00:20:17,359 --> 00:20:21,199 Speaker 1: as it moves to fight inflation. Jennifer Lee, it is 356 00:20:21,240 --> 00:20:26,800 Speaker 1: absolutely unforgivable and this Prime Minister or Japanese Prime Minister 357 00:20:26,880 --> 00:20:29,479 Speaker 1: Kashida says a forty one year old suspect has been 358 00:20:29,600 --> 00:20:33,159 Speaker 1: arrested the Mantle police. He wanted to kill Abe because 359 00:20:33,160 --> 00:20:36,760 Speaker 1: he was frustrated with the former premier. They died after 360 00:20:36,800 --> 00:20:39,520 Speaker 1: being shot from about ten feet away with what appeared 361 00:20:39,560 --> 00:20:42,520 Speaker 1: to be a homemade firearm. Well meantime, in the UK 362 00:20:42,760 --> 00:20:45,480 Speaker 1: kare and pressure continues to build on Boris Johnson to 363 00:20:45,520 --> 00:20:48,920 Speaker 1: relinquish power. The Prime Minister's Conservative Party wants to speed 364 00:20:49,000 --> 00:20:52,239 Speaker 1: up the contest to choose Johnson's successor by the end 365 00:20:52,240 --> 00:20:55,480 Speaker 1: of the summer. Bloomberg's Lizzie Burton has more from Westminster. 366 00:20:55,920 --> 00:20:59,520 Speaker 1: The race is already on candidates already reportedly setting up 367 00:20:59,520 --> 00:21:03,440 Speaker 1: comps in hotels around here. The Conservative policy wants to 368 00:21:03,520 --> 00:21:06,480 Speaker 1: winkle it down to two candidates by July twenty one 369 00:21:06,600 --> 00:21:09,800 Speaker 1: and then pick one by September, but even that is 370 00:21:09,840 --> 00:21:13,760 Speaker 1: too long for many to keep Boris Johnson in Nimbote. 371 00:21:14,400 --> 00:21:17,199 Speaker 1: Bloomberg's Lizzie Burden says, Boris Johnson hopes to stay on 372 00:21:17,280 --> 00:21:19,600 Speaker 1: for at least three more months. We'll back here. In 373 00:21:19,600 --> 00:21:22,720 Speaker 1: the US. Nathan relations which China are in focus today. 374 00:21:22,760 --> 00:21:26,320 Speaker 1: President Biden needs to discuss possible redunctions in US tariff 375 00:21:26,359 --> 00:21:29,760 Speaker 1: sun Chinese goods. We spoke with the National Economic Council 376 00:21:29,800 --> 00:21:32,760 Speaker 1: Director Brian Dees about the move. He says, there are 377 00:21:32,840 --> 00:21:36,240 Speaker 1: other options for taking on China. Tariffs are one tool, 378 00:21:36,240 --> 00:21:38,400 Speaker 1: but we have other tools as well to make sure 379 00:21:38,400 --> 00:21:41,280 Speaker 1: that we are protecting key sectors of the American economy 380 00:21:41,440 --> 00:21:44,800 Speaker 1: and that we are holding to account for those brands. 381 00:21:44,920 --> 00:21:47,920 Speaker 1: Was a guest on Bloomberg Survey. Lence heard weekday mornings 382 00:21:47,960 --> 00:21:50,600 Speaker 1: on Bloomberg Radio. And we'll hear from the administration again 383 00:21:50,640 --> 00:21:53,040 Speaker 1: this morning, Karen. When we get the June jobs report, 384 00:21:53,080 --> 00:21:55,879 Speaker 1: it is expected to show a slowdown in hiring. Labor 385 00:21:55,960 --> 00:21:59,920 Speaker 1: Secretary Marty Walsh joins Bloomberg Radio and Television to discuss 386 00:22:00,000 --> 00:22:04,080 Speaker 1: the report that's coming up at Well. Nathan returned to 387 00:22:04,160 --> 00:22:07,320 Speaker 1: Corporate News Now, and there's more talk about Twitter. Shares 388 00:22:07,359 --> 00:22:10,360 Speaker 1: are down more than four percent this morning, amid concerned 389 00:22:10,440 --> 00:22:14,719 Speaker 1: Elon Musk's proposed acquisition is falling apart. Bloomberg's Don need 390 00:22:14,720 --> 00:22:17,120 Speaker 1: a Young joins US Live with more. Good Morning, Nita, 391 00:22:17,200 --> 00:22:20,359 Speaker 1: Good morning, Karen. Elon Musk is still at odds with Twitter. 392 00:22:20,440 --> 00:22:23,640 Speaker 1: Over the number of spam bots using the service. He's 393 00:22:23,720 --> 00:22:26,640 Speaker 1: repeatedly threatened to walk away from his proposed forty four 394 00:22:26,680 --> 00:22:29,280 Speaker 1: billion dollar deal to take over the social media giant 395 00:22:29,800 --> 00:22:32,680 Speaker 1: if they cannot confirm that bots make up less than 396 00:22:32,760 --> 00:22:36,520 Speaker 1: five percent of total users. The Washington Post reports that 397 00:22:36,640 --> 00:22:40,720 Speaker 1: Musk's team has concluded that Twitter cannot verify the figures 398 00:22:40,960 --> 00:22:43,920 Speaker 1: and has stopped engaging in discussions around funding the deal. 399 00:22:44,520 --> 00:22:47,200 Speaker 1: Live in New York, I'm gonna need a young Bloomberg daybreak, 400 00:22:47,280 --> 00:22:49,240 Speaker 1: all right, we need to thank you. And futures are 401 00:22:49,280 --> 00:22:53,000 Speaker 1: lower this morning. S and P futures down seventeen points down, 402 00:22:53,040 --> 00:22:56,600 Speaker 1: futures down one hundred four and NASDAG futures down seventy one. 403 00:22:57,000 --> 00:22:59,520 Speaker 1: The Danks in Germany's down a quarter percent, the Cat 404 00:22:59,600 --> 00:23:01,840 Speaker 1: and Pari is down about six tents of u percent, 405 00:23:02,119 --> 00:23:04,760 Speaker 1: and the foot See one hundred down half percent. Ten 406 00:23:04,840 --> 00:23:07,440 Speaker 1: year Treasury up three thirty seconds ye two point nine 407 00:23:07,480 --> 00:23:10,959 Speaker 1: eight percent, yield on the two year three point one percent. 408 00:23:11,400 --> 00:23:14,000 Speaker 1: NIMEX screwed oils down half percent or fifty cents, and 409 00:23:14,040 --> 00:23:16,920 Speaker 1: a hundred two dollars twenty three cents of barrel COMEXS 410 00:23:16,920 --> 00:23:19,119 Speaker 1: goal down two tens per cent or three dollars eighty 411 00:23:19,160 --> 00:23:22,560 Speaker 1: cents at seventeen thirties six. Announced the euro one point 412 00:23:22,800 --> 00:23:26,320 Speaker 1: one eight against the dollar. Bitcoin this morning lower at 413 00:23:26,359 --> 00:23:29,680 Speaker 1: twenty one thousand, four hundred seventy dollars, And straight to 414 00:23:29,760 --> 00:23:32,600 Speaker 1: head your latest local headlines plus a check of sports, 415 00:23:32,640 --> 00:23:39,080 Speaker 1: and this is Bloomberg all right, Karen, thank you. Is 416 00:23:39,119 --> 00:23:41,359 Speaker 1: five thirty three on Wall Street, wears sixteenth degrees in 417 00:23:41,400 --> 00:23:43,640 Speaker 1: Central Park and Michael Barr has more on what's going 418 00:23:43,640 --> 00:23:45,600 Speaker 1: on in New York end around the world. Michael, thank 419 00:23:45,640 --> 00:23:48,119 Speaker 1: you very much. Nathan. There's been another shark attack on 420 00:23:48,200 --> 00:23:51,399 Speaker 1: Long Island. A Fire Island lifeguard was bitten by a 421 00:23:51,480 --> 00:23:54,760 Speaker 1: shark yesterday, possibly the third such attack in the past week. 422 00:23:55,119 --> 00:23:58,520 Speaker 1: The lifeguard was bitten near his left foot while conducting 423 00:23:58,560 --> 00:24:02,040 Speaker 1: a training exercise about a hundred fifty two hundred yards 424 00:24:02,080 --> 00:24:05,600 Speaker 1: from the shoreline. He was treated and released. Officials have 425 00:24:05,720 --> 00:24:09,080 Speaker 1: issued a ban on swimming at Ocean Beach until further notice. 426 00:24:09,480 --> 00:24:11,920 Speaker 1: A star witness appears today before the U. S. House 427 00:24:11,920 --> 00:24:15,240 Speaker 1: Committee investigating the US capital attack. It will be a 428 00:24:15,280 --> 00:24:18,119 Speaker 1: closed door deposition between the panel and Patsy Baloney, the 429 00:24:18,119 --> 00:24:21,680 Speaker 1: former Trump White House Council. An excerpt could be released 430 00:24:21,680 --> 00:24:25,720 Speaker 1: at next week's January six Committee hearing. The Biden administration 431 00:24:25,760 --> 00:24:28,600 Speaker 1: says it's committed to the safe return of Brittney Grinder 432 00:24:28,640 --> 00:24:32,520 Speaker 1: and Paul Wheeland, who remained captive in Russia. Yesterday, the 433 00:24:32,640 --> 00:24:35,320 Speaker 1: w n b A star pleaded guilty the drug charges 434 00:24:35,320 --> 00:24:38,679 Speaker 1: in a Moscow area court. White House Press Secretary Karine 435 00:24:38,720 --> 00:24:41,560 Speaker 1: Jean Pierre, We've been clear from day one when it 436 00:24:41,560 --> 00:24:45,159 Speaker 1: comes to US nationals who are being held abroad, who 437 00:24:45,240 --> 00:24:49,920 Speaker 1: are being held wrongfully, detain wrongfully, who have been held hostage. 438 00:24:49,960 --> 00:24:52,000 Speaker 1: We are going to do everything that we can use 439 00:24:52,080 --> 00:24:55,320 Speaker 1: every means that we have to bring them home. Press 440 00:24:55,359 --> 00:24:59,080 Speaker 1: Secretary Jean Pierre says though we cannot negotiate in public, 441 00:24:59,640 --> 00:25:03,360 Speaker 1: Both founder and president of the collapse Paraos have been 442 00:25:03,400 --> 00:25:08,080 Speaker 1: found guilty of fraud. Now. Bloomberg's At Baxter has the story. 443 00:25:08,400 --> 00:25:11,920 Speaker 1: The conviction of former president Sunny Baldwana follows the conviction 444 00:25:11,960 --> 00:25:15,320 Speaker 1: of founder Elizabeth Holmes by six months. Paraos was a 445 00:25:15,320 --> 00:25:19,600 Speaker 1: blood testing startup, and the charges were defrauding investors by 446 00:25:19,680 --> 00:25:22,560 Speaker 1: using a few drops of blood to complete a wide 447 00:25:22,680 --> 00:25:26,000 Speaker 1: array of health tests. Bel Wanni's attorney says they planned 448 00:25:26,000 --> 00:25:30,800 Speaker 1: to consider all legal options including the possibility of an appeal. 449 00:25:31,359 --> 00:25:34,040 Speaker 1: The pair was a high profile couple during the build 450 00:25:34,080 --> 00:25:36,520 Speaker 1: up of the company and now face up to twenty 451 00:25:36,640 --> 00:25:40,760 Speaker 1: years in jail in San Francisco. I'm at Baxter. Bloomberg 452 00:25:40,840 --> 00:25:43,360 Speaker 1: Daybreak Global News twenty four hours a day on air 453 00:25:43,440 --> 00:25:46,320 Speaker 1: and on Bloomberg Quick Take, powered by more than seven 454 00:25:46,400 --> 00:25:49,000 Speaker 1: hundred journalists and analysts more than a hundred twenty countries. 455 00:25:49,200 --> 00:25:52,320 Speaker 1: I'm Michael Barr, and this is Bloomberg. Nathan. Okay, Michael. 456 00:25:52,359 --> 00:25:59,920 Speaker 1: Thanks on Wall Street time for the Bloomberg Sports Something 457 00:26:00,000 --> 00:26:02,560 Speaker 1: with John stan all Right, Nathan. The yankees sixtieth win 458 00:26:02,600 --> 00:26:04,359 Speaker 1: of the year came in their first game this season 459 00:26:04,359 --> 00:26:06,119 Speaker 1: in Boston. They beat the met Sock six to five. 460 00:26:06,119 --> 00:26:07,840 Speaker 1: They got back to back home runs, third in ing 461 00:26:08,280 --> 00:26:11,120 Speaker 1: from Jacks Donaldson and Aaron Hecks. Grand slam for Donaldson. 462 00:26:11,200 --> 00:26:14,240 Speaker 1: Garrett Cole got the win, got everyone out except rorap 463 00:26:14,440 --> 00:26:17,080 Speaker 1: L Devers, who homer off Cole in last year's playoff 464 00:26:17,160 --> 00:26:19,640 Speaker 1: game homer off Cole in New York and his first 465 00:26:19,640 --> 00:26:22,200 Speaker 1: half bat of this season two more. Last night. Devers 466 00:26:22,240 --> 00:26:25,240 Speaker 1: drove in all five Boston runs. Cole was asked about 467 00:26:25,280 --> 00:26:28,359 Speaker 1: trying to get Devers out. He said he's open to suggestions. 468 00:26:28,400 --> 00:26:30,600 Speaker 1: The Mets all over the Marlins tend nothing solid puts 469 00:26:30,640 --> 00:26:33,040 Speaker 1: you from Trevor Williams, J. D. Davis and a Grand 470 00:26:33,040 --> 00:26:35,720 Speaker 1: Slam James Buchana three run shot Atlanta Laws. So the 471 00:26:35,760 --> 00:26:37,879 Speaker 1: Mets lead the Brave by three and a half. They 472 00:26:37,920 --> 00:26:40,879 Speaker 1: Hell the NHL draft, Devil's had the second Picktic Simone, 473 00:26:41,280 --> 00:26:44,960 Speaker 1: Nimics defenseman from Slovakia's Wilbaps, went one to the Rangers 474 00:26:45,160 --> 00:26:47,320 Speaker 1: did not have a first rounder, but added three extra 475 00:26:47,359 --> 00:26:50,320 Speaker 1: picks by trading backup goalie Alex Gorgias for the Stanley 476 00:26:50,359 --> 00:26:54,240 Speaker 1: Cup champion Colorado Avalanche. No vak Djokovic plays the semifinal 477 00:26:54,240 --> 00:26:57,280 Speaker 1: match today at Wimbledon against Cameron Noriri in. The winner 478 00:26:57,320 --> 00:27:00,679 Speaker 1: will face the Austin Nick Kirios in Sun Day's final 479 00:27:00,760 --> 00:27:06,040 Speaker 1: curio authority in because of Raphael Nidal abdominal injury. I 480 00:27:06,160 --> 00:27:11,320 Speaker 1: don't want to go out there not be competitive enough 481 00:27:11,400 --> 00:27:14,160 Speaker 1: to play at this at the level that I meant 482 00:27:14,240 --> 00:27:17,199 Speaker 1: to to play to to achieve my goal and with 483 00:27:18,200 --> 00:27:22,320 Speaker 1: Nick chance to to make the things US. Wimbledon made 484 00:27:22,320 --> 00:27:25,400 Speaker 1: the controversial decision to not allow Russians to play. Elena 485 00:27:25,520 --> 00:27:28,600 Speaker 1: Raibakina born and raised in Moscow, but plays now for 486 00:27:28,800 --> 00:27:32,959 Speaker 1: AAZAC Standard. She's in tomorrow's women's final against a joberrow 487 00:27:33,119 --> 00:27:36,600 Speaker 1: Tonigia john S Dashaward Bloomberg Sports all right, John, thank 488 00:27:36,640 --> 00:27:39,720 Speaker 1: you seven on Wall Street time for the Tri State 489 00:27:39,760 --> 00:27:43,320 Speaker 1: Business Report with Bloomberg's head Cory. Air Men's is moving 490 00:27:43,359 --> 00:27:48,120 Speaker 1: to Williamsburg Women's where Daily reports the luxury retailer has 491 00:27:48,160 --> 00:27:52,240 Speaker 1: signed leases for two new locations in the trendy Brooklyn neighborhood. 492 00:27:52,440 --> 00:27:55,840 Speaker 1: There will reportedly be a temporary pop up in Williamsburg 493 00:27:55,840 --> 00:27:58,000 Speaker 1: in the first quarter of next year, followed by a 494 00:27:58,040 --> 00:28:02,240 Speaker 1: permanent flagship in the same neighborhood. In six, Amazon and 495 00:28:02,320 --> 00:28:04,399 Speaker 1: the Port Authority of New York and New Jersey of 496 00:28:04,520 --> 00:28:08,119 Speaker 1: scrapped plans for a new air cargo facility at Newark 497 00:28:08,200 --> 00:28:13,040 Speaker 1: Liberty International. In one, Amazon's Cargo Airline launched plans to 498 00:28:13,040 --> 00:28:16,880 Speaker 1: spend one five million dollars to transform to existing buildings 499 00:28:16,920 --> 00:28:20,159 Speaker 1: at the airport, three weeks before the American Dreams super 500 00:28:20,160 --> 00:28:22,919 Speaker 1: Mall is due to pay debt backed by New Jersey 501 00:28:22,960 --> 00:28:26,080 Speaker 1: economic Development grants. The state has not approved a key 502 00:28:26,160 --> 00:28:29,520 Speaker 1: document needed to release the money that raises the risk 503 00:28:29,640 --> 00:28:33,040 Speaker 1: that bond holders will not get their cash. That's your 504 00:28:33,040 --> 00:28:36,639 Speaker 1: Bloomberg Try State Business Report. I'm d Corey. Thanks that 505 00:28:36,760 --> 00:28:39,440 Speaker 1: It's five thirty eight on Wall Street. Bloomberg Radio is 506 00:28:39,480 --> 00:28:41,840 Speaker 1: on the air from San Francisco to New York, London 507 00:28:41,920 --> 00:28:44,160 Speaker 1: to Hong Kong. Let's check in with our global news 508 00:28:44,160 --> 00:28:45,880 Speaker 1: team for some of the top stories heard on our 509 00:28:45,920 --> 00:28:53,160 Speaker 1: three hundred affiliate radio stations around the world. On Kerald 510 00:28:53,320 --> 00:28:56,640 Speaker 1: and Dallas, video game retailer game Stop virus its chief 511 00:28:56,640 --> 00:29:00,240 Speaker 1: financial officer and announces job cuts, and Gina survey. And 512 00:29:00,280 --> 00:29:02,920 Speaker 1: for k CBS in San Francisco, I'm reporting that Will 513 00:29:03,000 --> 00:29:06,880 Speaker 1: Spargo's investment strategy ARM says a recession is already here. 514 00:29:07,040 --> 00:29:09,480 Speaker 1: On Caowline, Heap Film, blombag d A B Dishit Radio 515 00:29:09,560 --> 00:29:12,200 Speaker 1: in London, we've been reporting on the racist succeed Boys 516 00:29:12,280 --> 00:29:16,000 Speaker 1: Johnson as MPs picked their favorite for the toy leadership race. 517 00:29:16,280 --> 00:29:18,920 Speaker 1: I did Cory on w w J and Detroit and 518 00:29:19,080 --> 00:29:23,120 Speaker 1: reporting Argo the drivers start up backed by boards laid 519 00:29:23,160 --> 00:29:26,320 Speaker 1: off about one fifty workers. And those are some of 520 00:29:26,360 --> 00:29:29,320 Speaker 1: the stories are twenty seven hundred Bloomberg journalists and analyst 521 00:29:29,360 --> 00:29:31,400 Speaker 1: are working on this morning around the world. We're coming 522 00:29:31,480 --> 00:29:34,320 Speaker 1: up to five thirty nine on Wall Street. The following 523 00:29:34,440 --> 00:29:38,720 Speaker 1: is an editorial from Bloomberg Opinion. This editorial was written 524 00:29:38,800 --> 00:29:43,720 Speaker 1: by the Bloomberg Editorial Board. Boris Johnson was nothing if 525 00:29:43,840 --> 00:29:47,720 Speaker 1: not tenacious. In recent weeks. The UK Prime Minister had 526 00:29:47,800 --> 00:29:53,080 Speaker 1: shrugged off a relentless series of setbacks and embarrassments, almost 527 00:29:53,200 --> 00:29:56,400 Speaker 1: all of his own making. The latest induced two of 528 00:29:56,480 --> 00:29:59,800 Speaker 1: his most senior ministers to resign this week, prompting a 529 00:30:00,040 --> 00:30:03,760 Speaker 1: cascade of further departures and a surge of demands from 530 00:30:03,840 --> 00:30:09,360 Speaker 1: Conservative lawmakers that Johnson stepped down. The pressure finally worked 531 00:30:09,800 --> 00:30:14,840 Speaker 1: on Thursday, Johnson announced his resignation. The tasks awaiting his 532 00:30:15,000 --> 00:30:20,280 Speaker 1: successor are unenviable. The UK faces serious and mounting challenges 533 00:30:20,320 --> 00:30:24,040 Speaker 1: when it comes to the economy, Europe, public services, and 534 00:30:24,480 --> 00:30:30,600 Speaker 1: industrial relations. Building consensus on these questions within the Conservative Party, 535 00:30:31,040 --> 00:30:33,520 Speaker 1: let alone in the country as a whole, will be 536 00:30:33,640 --> 00:30:37,120 Speaker 1: a challenge for the Prime Minister At the moment. Perhaps 537 00:30:37,240 --> 00:30:41,600 Speaker 1: the only idea commanding wide support is that Boris Johnson 538 00:30:42,080 --> 00:30:45,880 Speaker 1: was no longer up to the job. This editorial was 539 00:30:45,960 --> 00:30:49,600 Speaker 1: written by the Bloomberg Editorial Board. For more Bloomberg Opinion, 540 00:30:49,680 --> 00:30:52,760 Speaker 1: please go to Bloomberg dot Com, Slash Opinion or O 541 00:30:53,040 --> 00:30:56,280 Speaker 1: P I n go on the Bloomberg terminal. This has 542 00:30:56,360 --> 00:30:59,840 Speaker 1: been Bloomberg opinion, and you can hear Bloomberg Opinion at 543 00:31:00,000 --> 00:31:03,240 Speaker 1: tutorials every weekday. At this time, terminal customers can read 544 00:31:03,320 --> 00:31:06,200 Speaker 1: more at O P I n go. SMP futures right 545 00:31:06,240 --> 00:31:09,280 Speaker 1: now down twelve point, staff futures down sixty four, nastack 546 00:31:09,360 --> 00:31:13,720 Speaker 1: futures down fifty seven points. The latest on the assassination 547 00:31:13,800 --> 00:31:16,720 Speaker 1: of former Japanese Prime Minister Shinzo Abe. Will be speaking 548 00:31:16,760 --> 00:31:23,000 Speaker 1: with Bloomberg's Lisa Do in Japan next Bloomberg eleven three 549 00:31:23,040 --> 00:31:25,320 Speaker 1: oh Weather turning mostly cloudy today with highs in the 550 00:31:25,360 --> 00:31:28,120 Speaker 1: upper eighties. It will be partly sunny, less humid tomorrow 551 00:31:28,200 --> 00:31:31,880 Speaker 1: low eighties, mostly sunny low eighties for Sunday. Right now 552 00:31:31,960 --> 00:31:39,320 Speaker 1: sixty eight in Central Park Markets, headlines and breaking news 553 00:31:39,480 --> 00:31:42,080 Speaker 1: twenty four hours a day at Bloomberg dot Com, the 554 00:31:42,160 --> 00:31:45,680 Speaker 1: Bloomberg Business at and at Bloomberg Quick Tape. He's a 555 00:31:45,720 --> 00:31:55,080 Speaker 1: Bloomberg Business Flash and I'm Karen Moscow. U stock index 556 00:31:55,120 --> 00:31:58,680 Speaker 1: futures and European equities are lower following news former Japanese 557 00:31:58,720 --> 00:32:01,640 Speaker 1: Prime Minister Shinzo a was shot to death, and as 558 00:32:01,720 --> 00:32:05,280 Speaker 1: investors await employment data to gauge whether the world's largest 559 00:32:05,320 --> 00:32:09,120 Speaker 1: economy can avoid a recession, the dollar found haven demand. 560 00:32:09,200 --> 00:32:11,560 Speaker 1: We checked the markets every fifteen minutes throughout the trading 561 00:32:11,640 --> 00:32:14,520 Speaker 1: day on Bloomberg guess and P futures down twelve po points, 562 00:32:14,640 --> 00:32:18,400 Speaker 1: down features down sixty and as DAG features down fifty seven. 563 00:32:18,680 --> 00:32:20,920 Speaker 1: The decks in Germany's up about two tenths of a 564 00:32:21,080 --> 00:32:24,040 Speaker 1: percent now ten Your treasury at four thirty seconds yield 565 00:32:24,040 --> 00:32:26,080 Speaker 1: two point nine seven percent. The yield on the two 566 00:32:26,200 --> 00:32:30,400 Speaker 1: year three percent. Nine X crude oil is down four 567 00:32:30,480 --> 00:32:32,360 Speaker 1: tenths per cent, or forty four cents at a hundred 568 00:32:32,400 --> 00:32:34,959 Speaker 1: two dollars twenty six cents of barrel COMEX school down 569 00:32:35,000 --> 00:32:37,400 Speaker 1: a quarter percent or four dollars fifty cents at seventeen 570 00:32:37,440 --> 00:32:40,719 Speaker 1: thirty five thirty announced the euro one point one one 571 00:32:40,840 --> 00:32:43,160 Speaker 1: nine against the dollar. British found one point one nine 572 00:32:43,240 --> 00:32:45,360 Speaker 1: four or five. The yen is at one thirty five 573 00:32:45,400 --> 00:32:49,360 Speaker 1: point eight nine, and bitcoin lower down seven tenths percent 574 00:32:49,440 --> 00:32:52,240 Speaker 1: at twenty one thousand, four hundred sixty dollars. As a 575 00:32:52,240 --> 00:32:54,920 Speaker 1: Bloomberg Business flash. Now Here's Michael Barr with more on 576 00:32:55,040 --> 00:32:57,440 Speaker 1: what's going on around the world, Michael Karen, thank you 577 00:32:57,560 --> 00:33:00,200 Speaker 1: very much. And other news. The candlelight vigil was old 578 00:33:00,280 --> 00:33:03,120 Speaker 1: last night in Highland Bark, Illinois for the seven victims 579 00:33:03,160 --> 00:33:06,920 Speaker 1: of Monday shooting rampage. Funeral services for three of them 580 00:33:06,960 --> 00:33:09,920 Speaker 1: are scheduled today. The I r S is taking a 581 00:33:10,000 --> 00:33:13,479 Speaker 1: closer look at reports the agency subjected to former FBI 582 00:33:13,560 --> 00:33:18,680 Speaker 1: officials to unusual scrutiny. Then President Trump repeatedly attacked James 583 00:33:18,760 --> 00:33:21,960 Speaker 1: Comey and Andrew McCabe over the FBI's Russia probe that 584 00:33:22,080 --> 00:33:25,320 Speaker 1: shadow Trump for years. In baseball, the Yankees beat the 585 00:33:25,320 --> 00:33:28,440 Speaker 1: Red Sox six five, the Mets won, the Orioles also won. 586 00:33:28,560 --> 00:33:32,120 Speaker 1: The Nationals lost along with the Giants. Global News twenty 587 00:33:32,160 --> 00:33:34,959 Speaker 1: four hours a day on air and on Bloomberg Quittake, 588 00:33:35,040 --> 00:33:38,200 Speaker 1: powered by more than twenty seven hundred journalists and analysts 589 00:33:38,280 --> 00:33:40,560 Speaker 1: more than a hundred twenty countries. I'm Michael bar This 590 00:33:40,640 --> 00:33:43,000 Speaker 1: is Bloomberg. Nathan Okay, Michael, thank you for coming up 591 00:33:43,040 --> 00:33:45,560 Speaker 1: to five forty nine on Wall Street Live from the 592 00:33:45,600 --> 00:33:49,840 Speaker 1: Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak. We want 593 00:33:49,880 --> 00:33:52,320 Speaker 1: to get more now on our top story, the assassination 594 00:33:52,400 --> 00:33:56,200 Speaker 1: of former Japanese Prime Minister Shinzo Amby the country's longest 595 00:33:56,280 --> 00:33:59,840 Speaker 1: serving premier, has died after being shot at a campaign 596 00:34:00,000 --> 00:34:03,080 Speaker 1: event in Japan. Were joined out live from Tokyo by 597 00:34:03,120 --> 00:34:07,720 Speaker 1: Bloomberg's Lisa Do. Lisa, good morning. Just shocking news that's 598 00:34:07,760 --> 00:34:11,680 Speaker 1: reverberating globally following the passing of shinzo Abe. What more 599 00:34:11,760 --> 00:34:18,319 Speaker 1: do we know about how he died? Um, Yes, High, 600 00:34:18,400 --> 00:34:21,600 Speaker 1: It's been a really jarring and very tragic the last 601 00:34:21,640 --> 00:34:24,520 Speaker 1: few hours here in Japan. You know, former Prime Minister 602 00:34:24,560 --> 00:34:27,520 Speaker 1: shinzo Abe passing away at the age of sixty seven. 603 00:34:27,880 --> 00:34:31,240 Speaker 1: I was announced actually less than an hour ago. According 604 00:34:31,280 --> 00:34:33,800 Speaker 1: to the hospital that treated him. He had rived already 605 00:34:33,840 --> 00:34:37,600 Speaker 1: in very great condition. Um. He died shortly after five 606 00:34:37,680 --> 00:34:41,280 Speaker 1: pm local time here at blood loss after sustaining gunshot 607 00:34:41,320 --> 00:34:43,960 Speaker 1: wounds that hit his neck and chest and went through 608 00:34:44,000 --> 00:34:47,480 Speaker 1: to his heart. It's extremely shocking event. He was very 609 00:34:47,520 --> 00:34:51,240 Speaker 1: well known globally among leaders for being Japan's longest serving 610 00:34:51,280 --> 00:34:54,240 Speaker 1: prime minister, and in Japan, where you know, gun violence 611 00:34:54,400 --> 00:34:58,960 Speaker 1: is extremely rare, almost virtually non existent. A really jarring 612 00:34:59,040 --> 00:35:02,080 Speaker 1: event for you know, the people to take in. Yeah, 613 00:35:02,200 --> 00:35:06,160 Speaker 1: some of the reaction we've seen from global leaders. They 614 00:35:06,280 --> 00:35:09,480 Speaker 1: just seem staggered by this news. Given the fact that, 615 00:35:09,600 --> 00:35:13,160 Speaker 1: as you say, gun violence, not to mention, political violence 616 00:35:13,280 --> 00:35:17,279 Speaker 1: is so rare in Japan. I mean, just talk a 617 00:35:17,360 --> 00:35:20,680 Speaker 1: little bit about what this means for the country. Just 618 00:35:20,840 --> 00:35:23,759 Speaker 1: to be in the midst of something like this, it 619 00:35:23,880 --> 00:35:30,919 Speaker 1: just must be something that people just can't explain right now. Yeah, 620 00:35:30,920 --> 00:35:33,919 Speaker 1: I think, yeah, you're right. I think, you know, July 621 00:35:33,960 --> 00:35:36,320 Speaker 1: at will definitely be a day that will you know, 622 00:35:36,560 --> 00:35:40,440 Speaker 1: remain be scar in Japanese, Japanese history and the Japanese 623 00:35:40,480 --> 00:35:43,920 Speaker 1: people's memories. Um. You know, just to give you a 624 00:35:44,040 --> 00:35:46,799 Speaker 1: sense of how restrictive, you know, gun laws arts nearly 625 00:35:46,840 --> 00:35:49,480 Speaker 1: impossible to obtain a gun. Um, and they say the 626 00:35:49,560 --> 00:35:53,560 Speaker 1: suspect actually shot him with a homemade device. Um. Just 627 00:35:53,800 --> 00:35:57,120 Speaker 1: last year there were ten incidents of gun violence in 628 00:35:57,280 --> 00:36:02,239 Speaker 1: Japan and only one resulted in someone passing away. Um, 629 00:36:02,360 --> 00:36:04,520 Speaker 1: that's just how how rare it was. And you know, 630 00:36:04,600 --> 00:36:07,760 Speaker 1: in political and any violence related politics was also virtually 631 00:36:07,800 --> 00:36:10,640 Speaker 1: non existent. So I think it just, um, you know, 632 00:36:11,560 --> 00:36:14,040 Speaker 1: a data with events that people are really starting to 633 00:36:14,080 --> 00:36:18,120 Speaker 1: still processing. Um. You know, right now, what more do 634 00:36:18,200 --> 00:36:21,000 Speaker 1: we know about the suspect in this shooting. You mentioned 635 00:36:21,200 --> 00:36:24,120 Speaker 1: he apparently used a homemade gun. What more are we 636 00:36:24,239 --> 00:36:29,440 Speaker 1: hearing about this person and if he was apprehended at 637 00:36:29,520 --> 00:36:32,360 Speaker 1: this scene and it was a man in his forties 638 00:36:32,520 --> 00:36:35,440 Speaker 1: who apparently used to work for the Japan Self Defense 639 00:36:35,520 --> 00:36:39,880 Speaker 1: Forces UM and police questioning, he apparently told them that 640 00:36:40,000 --> 00:36:43,800 Speaker 1: he intended to kill Abe today UM and that he 641 00:36:44,000 --> 00:36:48,600 Speaker 1: was dissatisfied with Abe. UM. But it didn't be said 642 00:36:48,680 --> 00:36:53,920 Speaker 1: that the dissatisfaction wasn't related to any political belief and UM, 643 00:36:54,040 --> 00:36:56,480 Speaker 1: that's as much as we know on the motive. It's 644 00:36:56,520 --> 00:36:59,279 Speaker 1: not extremely clear, and we're hoping to get more on that. 645 00:37:00,719 --> 00:37:03,839 Speaker 1: All right, Well, just talk a little bit as well 646 00:37:04,239 --> 00:37:07,759 Speaker 1: about the legacy that Shinzo Abe leaves behind. I think 647 00:37:07,800 --> 00:37:10,319 Speaker 1: the word that many of us remember from his time 648 00:37:10,400 --> 00:37:13,960 Speaker 1: in office is abeynomics. I mean, it's it's really difficult, 649 00:37:14,040 --> 00:37:17,120 Speaker 1: I think, to overstate just the kind of influence that 650 00:37:17,520 --> 00:37:25,160 Speaker 1: Shinzo Abe had politically and economically on this on on Japan. Yes, indeed, 651 00:37:25,200 --> 00:37:27,120 Speaker 1: you know, he was, like we've said, Japan as along 652 00:37:27,200 --> 00:37:30,280 Speaker 1: the serving prime minister. He really came in and added 653 00:37:30,360 --> 00:37:33,040 Speaker 1: stability to a time when Japan had been going through 654 00:37:33,440 --> 00:37:36,239 Speaker 1: a revolving door series of prime ministers every year, and 655 00:37:36,320 --> 00:37:40,360 Speaker 1: then he stayed for eight years from twenty and like 656 00:37:40,520 --> 00:37:43,200 Speaker 1: you mentioned, he was especially well known for his economic 657 00:37:43,239 --> 00:37:47,320 Speaker 1: agenda alb Anomics, you know, based on a monetary easing 658 00:37:47,480 --> 00:37:51,319 Speaker 1: government spending combined with structural reform um you know, at 659 00:37:51,360 --> 00:37:55,000 Speaker 1: the time, really an unprecedented economic policy package um, the 660 00:37:55,040 --> 00:37:57,400 Speaker 1: effects of which we are still seeing in Japan today 661 00:37:57,480 --> 00:38:00,239 Speaker 1: with the easy money and the weakness in the yet 662 00:38:00,760 --> 00:38:03,359 Speaker 1: and so definitely you know that he had a lot 663 00:38:03,440 --> 00:38:05,800 Speaker 1: of impact. And he's also were very well known for 664 00:38:05,920 --> 00:38:09,920 Speaker 1: broken global trade deals and his attempts, although unsuccessful, to 665 00:38:10,040 --> 00:38:13,600 Speaker 1: revive Japan's past at this constitution. And even though he 666 00:38:13,760 --> 00:38:15,960 Speaker 1: had been god losses for two years, you know, he 667 00:38:16,040 --> 00:38:20,440 Speaker 1: still remained deeply influential within Japan's ruling party. I'm a 668 00:38:20,560 --> 00:38:23,560 Speaker 1: more recently kind of pushing for increases in defense spending 669 00:38:23,960 --> 00:38:26,960 Speaker 1: and being more vocal warning about China's rise and its 670 00:38:27,000 --> 00:38:30,200 Speaker 1: impact on Japan. A deep hole left behind following the 671 00:38:30,280 --> 00:38:34,800 Speaker 1: passing of former Japanese Prime Minister Shinzo Abe. Lisa Do 672 00:38:35,160 --> 00:38:39,240 Speaker 1: joining us this morning from Tokyo. Bloomberg News correspondent Lisa, 673 00:38:39,440 --> 00:38:43,320 Speaker 1: thank you for giving us the very latest. Karen, all right, Nathan, 674 00:38:43,400 --> 00:38:45,720 Speaker 1: thank you. It is five a day, three on Wall 675 00:38:45,840 --> 00:38:48,800 Speaker 1: straight time for a legal story. We're watching this morning. 676 00:38:49,160 --> 00:38:52,359 Speaker 1: Eight days after the Supreme Court is struck down New 677 00:38:52,480 --> 00:38:55,880 Speaker 1: York century old gun law, the state's lawmakers approved a 678 00:38:56,000 --> 00:38:59,920 Speaker 1: sweeping overhaul of New York's handgun the licensing rules. Then 679 00:39:00,000 --> 00:39:02,960 Speaker 1: new gun legislation severely limits where guns can be carried, 680 00:39:03,280 --> 00:39:06,880 Speaker 1: includes a strict permitting process for concealed carry licenses, and 681 00:39:07,040 --> 00:39:10,960 Speaker 1: requires background checks to buy ammunition. The law will almost 682 00:39:11,040 --> 00:39:14,120 Speaker 1: certainly be challenged in court. For more, Bloomberg's dun Grass 683 00:39:14,280 --> 00:39:17,479 Speaker 1: speaks to Andrew Willinger, the executive director of the Duke 684 00:39:17,600 --> 00:39:21,959 Speaker 1: Center for Firearms Law. The legislation sets out a list 685 00:39:22,080 --> 00:39:26,160 Speaker 1: of sensitive places where you can't carry conceal weapons, and 686 00:39:26,239 --> 00:39:29,200 Speaker 1: it's quite extensive. Just a few things on the list 687 00:39:29,360 --> 00:39:36,080 Speaker 1: are bars and restaurants serving alcohol, educational institutions, entertainment venues, playgrounds, 688 00:39:36,520 --> 00:39:41,240 Speaker 1: houses of worship, libraries, subways and busses, and times square. 689 00:39:41,600 --> 00:39:45,000 Speaker 1: With that list past Supreme Court review, this is a 690 00:39:45,120 --> 00:39:48,239 Speaker 1: place where I think we're likely to see litigation in 691 00:39:48,280 --> 00:39:52,440 Speaker 1: the near future. The Court and Bruin doesn't undertake an 692 00:39:52,520 --> 00:39:57,640 Speaker 1: extensive analysis of what places can be designated sensitive by 693 00:39:57,680 --> 00:40:01,200 Speaker 1: a state government such that guns action can be banned there. 694 00:40:01,400 --> 00:40:04,200 Speaker 1: So all the court says is New York can't designate 695 00:40:04,239 --> 00:40:06,920 Speaker 1: the entire island of Manhattan as a sensitive place. The 696 00:40:07,040 --> 00:40:11,200 Speaker 1: court's opinion says that you have to analogize to historical 697 00:40:11,360 --> 00:40:14,360 Speaker 1: places where guns were prohibited. Where I think that leaves 698 00:40:14,480 --> 00:40:17,360 Speaker 1: us is that there are certain locations on this list 699 00:40:17,640 --> 00:40:22,000 Speaker 1: that are completely fine, right, government buildings, polling places. You 700 00:40:22,040 --> 00:40:23,840 Speaker 1: know that there's a limited set of places where we 701 00:40:23,920 --> 00:40:27,799 Speaker 1: have a historical tradition of banning guns in those locations, 702 00:40:27,960 --> 00:40:31,400 Speaker 1: but it's not as clear for things like mass transit, 703 00:40:31,719 --> 00:40:36,360 Speaker 1: Times Square stadium, anywhere where alcohol is sold or consumed. 704 00:40:36,760 --> 00:40:39,680 Speaker 1: And I think you know, this expansive list does come 705 00:40:40,320 --> 00:40:44,320 Speaker 1: relatively close to what the Court cautioned against and Bruin, 706 00:40:44,400 --> 00:40:47,680 Speaker 1: which is that you can't simply say that because people 707 00:40:47,840 --> 00:40:52,000 Speaker 1: congregate in a given location and law enforcement officers are available, 708 00:40:52,239 --> 00:40:54,440 Speaker 1: that that is a sensitive place and guns are banned. 709 00:40:54,800 --> 00:40:58,600 Speaker 1: It seems like in many respects the law is stricter 710 00:40:59,120 --> 00:41:01,440 Speaker 1: than the old law. That's right, And I think this 711 00:41:01,600 --> 00:41:05,600 Speaker 1: is a really important observation about this New York law 712 00:41:05,760 --> 00:41:09,320 Speaker 1: is that under the prior system that the court struck 713 00:41:09,440 --> 00:41:12,840 Speaker 1: down in Bruin New York had this proper cause requirement 714 00:41:12,920 --> 00:41:17,319 Speaker 1: and that mandated that an applicant show some exceptional circumstance. Right. 715 00:41:17,440 --> 00:41:20,880 Speaker 1: But at the same time, New York was granting, especially 716 00:41:21,280 --> 00:41:24,240 Speaker 1: you know, outside of New York City, in more rural areas, 717 00:41:24,320 --> 00:41:27,720 Speaker 1: they were granting permits to people to carry concealed weapons, 718 00:41:27,800 --> 00:41:31,560 Speaker 1: and those permit holders had a pretty broad ability to 719 00:41:31,719 --> 00:41:35,239 Speaker 1: carry weapons in a number of different public places. Now 720 00:41:35,400 --> 00:41:39,000 Speaker 1: you have a system where it might be easier as 721 00:41:39,040 --> 00:41:42,239 Speaker 1: an initial step to get the permit, but once you 722 00:41:42,320 --> 00:41:44,920 Speaker 1: obtain a permit, it doesn't give you the ability to 723 00:41:45,160 --> 00:41:47,840 Speaker 1: carry guns in anywhere near as many places as you 724 00:41:47,880 --> 00:41:50,600 Speaker 1: could under the prior system. So in many respects it 725 00:41:50,760 --> 00:41:54,160 Speaker 1: is going to be stricter because people who have permits 726 00:41:54,200 --> 00:41:57,080 Speaker 1: will be limited in where they can actually bring guns. 727 00:41:58,120 --> 00:42:00,800 Speaker 1: And that's Andrew will enjoy, the executive director of the 728 00:42:00,840 --> 00:42:04,120 Speaker 1: Duke Center for Firearms Loss, being at the Bloomberg Student Grosso. 729 00:42:04,239 --> 00:42:07,000 Speaker 1: Catch more of that interview, plus analysis of the latest 730 00:42:07,120 --> 00:42:10,320 Speaker 1: legal news, by subscribing to the Bloomberg Law Podcast or 731 00:42:10,360 --> 00:42:14,160 Speaker 1: downloading the show at Bloomberg dot com Slash Podcast. Attorneys 732 00:42:14,160 --> 00:42:17,000 Speaker 1: can find exceptional legal research and business development tools at 733 00:42:17,040 --> 00:42:20,200 Speaker 1: Bloomberg law dot com and on the Bloomberg terminal at 734 00:42:20,239 --> 00:42:24,320 Speaker 1: b law Go. SNP futures lower down about twelve points 735 00:42:24,440 --> 00:42:27,840 Speaker 1: this morning. Down futures down sixty two and NASDAG futures 736 00:42:27,920 --> 00:42:31,320 Speaker 1: are down fifty eight. Ten year treasury of five thirty seconds, 737 00:42:31,400 --> 00:42:33,680 Speaker 1: the yield at two point nine seven percent in the 738 00:42:33,760 --> 00:42:36,439 Speaker 1: yield on the two year two point nine and nine 739 00:42:36,520 --> 00:42:38,719 Speaker 1: percent still ahead. On Bloomberg day Break, we have a 740 00:42:38,840 --> 00:42:40,800 Speaker 1: check on the business headlines and all the news you 741 00:42:40,920 --> 00:42:43,320 Speaker 1: need to start your day, including the latest on the 742 00:42:43,360 --> 00:42:47,440 Speaker 1: assassination of former Japanese Prime Minister Shenzo Abe. And this 743 00:42:47,880 --> 00:42:48,480 Speaker 1: is Bloomberg